News Archives for Latest - 2017-11-15

Front Top News

Head of Afghan election body sacked, raising doubts over 2018 ballots

KABUL: Afghan President Ashraf Ghani sacked the chairman of the country's Independent Election Commission on Wednesday,

Updated 11 May, 2018 02:07pm

Miscellaneous

Scary rise in imports

Last fiscal year saw the trade deficit cross exports for the first time. It is early days yet, but this fiscal year coul

Updated 16 Jan, 2018 07:04am

General News

National Business Agenda for Women Entrepreneurs underway: FPCCI official

KARACHI: Federation of Pakistan Chamber of Commerce and Industries (FPCCI) has taken the initiative to protect and p

Updated 28 Nov, 2017 09:47am

Miscellaneous

Building economic corridor

The conference and consultations season has begun. While the World Bank is on a consultative spree to explore ideas for

Updated 16 Nov, 2017 08:26am

Miscellaneous

Exporting essentials at a cost

Zainab market in Karachi is a fairly big and renowned market for reasonably priced apparel. Previously stocked with expo

Updated 16 Nov, 2017 08:23am

Financial

Wall St falls as energy tracks oil lower; tech weighs

NEW YORK: US stocks fell on Wednesday as energy sector shares dropped for a fourth straight session, tracking crude pric

Published 15 Nov, 2017 10:22pm

Financial

TSX hits 3-week low as energy shares track oil lower

TORONTO: Canada's main stock index fell to a three-week low on Wednesday as energy stocks again led a broad retreat on t

Published 15 Nov, 2017 10:21pm

Energy

Oil prices settle lower after US crude stocks rise

NEW YORK: Oil prices dropped on Wednesday after the US government reported an unexpected increase in crude and gasoline

Published 15 Nov, 2017 10:20pm

Financial

Australia shares set to edge higher; NZ flat

SYDNEY: Australian shares are set open marginally higher on Thursday helped by a recovery in base metal prices, while a

Published 15 Nov, 2017 10:19pm

Europe

Dutch PM defends tax cut seen benefiting Shell, Unilever, UK investors

AMSTERDAM: Dutch Prime Minister Mark Rutte on Wednesday returned to parliament for the second time in a week to defend a

Published 15 Nov, 2017 10:17pm

Money & Banking

Bank of Canada will stay cautious as it eyes rate hikes

NEW YORK: Less stimulus will be required over time but the Bank of Canada will remain cautious as it considers future in

Published 15 Nov, 2017 10:15pm

Commodities

CBOT corn firms on bargain-buying after contract lows

CHICAGO: Chicago Board of Trade corn futures ended modestly higher on Wednesday on bargain-buying after several contract

Published 15 Nov, 2017 10:14pm

Commodities

CBOT soybeans bounce from 6-week low as NOPA data lifts soyoil

CHICAGO: Chicago Board of Trade soybean futures closed higher on Wednesday, led by strength in soyoil tied to a monthly

Published 15 Nov, 2017 10:13pm

Commodities

CBOT wheat ends lower on technical selling

CHICAGO: Chicago Board of Trade wheat futures fell on Wednesday on technical selling and plentiful global supplies, losi

Published 15 Nov, 2017 10:12pm

Money & Banking

South Korea, Canada sign standing currency swap: Bank of Korea

SEOUL: South Korea and Canada have signed a standing bilateral currency swap agreement that will allow both countries to

Published 15 Nov, 2017 10:11pm

North America

Republican US Senator Johnson opposes Senate tax proposal

WASHINGTON: Republican US Senator Ron Johnson said he opposes the Senate Republican tax proposal because it unfairly ben

Published 15 Nov, 2017 10:10pm

Financial

Wall Street falls with energy; tech weighs

NEW YORK: US stocks fell on Wednesday as energy sector shares dropped for a fourth straight session, tracking crude oil

Published 15 Nov, 2017 10:09pm

World

Moody's cuts Starbucks rating over debt plans

NEW YORK: Moody's said on Wednesday it had cut Starbucks Corporation's senior unsecured ratings to A3 from A2 and short-

Published 15 Nov, 2017 10:08pm

Sports

World champion Marquez fastest in final 2017 tests

PARIS: Newly-crowned world champion Marc Marquez was fastest on Wednesday in the last free practice session of the year.

Published 15 Nov, 2017 10:06pm

Sports

Serena Williams set to tie the knot in New Orleans: reports

WASHINGTON: Tennis superstar Serena Williams is used to hoisting trophies, but on Thursday, it looks like she'll be carr

Published 15 Nov, 2017 10:05pm

World

ECB rules on old bad loans may include transition arrangements: Angeloni

FRANKFURT: The European Central Bank still plans to present new guidelines in resolving the bank sector's stock of soure

Published 15 Nov, 2017 10:02pm

Africa

Four suicide bombers kill 12 in northeast Nigeria

MAIDUGURI: Twelve people were killed Wednesday evening after four suicide bombers struck in the regional capital of Maid

Published 15 Nov, 2017 10:02pm

Europe

Decline in Hungary's debt achievable this year with current forint exchange rate

BUDAPEST: The Hungarian government's public debt target of 72 percent of GDP this year is achievable, the debt agency AK

Published 15 Nov, 2017 10:02pm

North America

US Army has not always reported disgraced soldiers to civilian police

WASHINGTON: US Army officials frequently fail to tell civilian police agencies about soldiers' military convictions, a t

Published 15 Nov, 2017 10:01pm

Europe

Czechs sell CZK 2.28bn of 0.25/27 govt bonds

PRAGUE: The Czech Finance Ministry sold 2.28 billion crowns ($105.20 million) worth of 0.25/27 government bonds in the f

Published 15 Nov, 2017 10:01pm

Commodities

Corn edges higher after hitting 1-year low on abundant US crop

CHICAGO: Chicago corn edged higher on Wednesday after hitting a one-year low earlier in the session as harvesting of the

Published 15 Nov, 2017 10:00pm

World

Colombia's economy grew 2pc in third quarter versus year before

BOGOTA: Colombia's economy expanded 2 percent in the third quarter compared with the same period last year, the governme

Published 15 Nov, 2017 09:59pm

Europe

Climate measures agreed in Paris not enough: Merkel

BONN: A global climate agreement signed last year and that the United States plans to quit was only a start and more ste

Published 15 Nov, 2017 11:57pm

Financial

C$ drops to one-week low as oil and stocks slide

TORONTO: The Canadian dollar weakened to a one-week low against its US counterpart on Wednesday as oil and stocks fell,

Published 15 Nov, 2017 09:57pm

Commodities

CBOT Trends-Soybeans up 3-4 cents, wheat down 2-3, corn steady-up 1

CHICAGO: Following are US trade expectations for the resumption of the grain and soy complex trading at the Chicago Boar

Published 15 Nov, 2017 09:56pm

Financial

Euro jumps to 3-week highs as risk appetite returns

LONDON: The euro consolidated gains at a three-week high on Wednesday as investors grew optimistic about the single curr

Published 15 Nov, 2017 09:54pm

Financial

Eurobonds account for a fifth of Nigeria's $15.35bn in foreign debt

LAGOS: Eurobonds made up more than a fifth of Nigeria's $15.35 billion foreign debt portfolio as of September and more t

Published 15 Nov, 2017 09:54pm

General News

PM strongly condemns attack on police officer in Quetta

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi has strongly condemned attack on Police Officer in Quetta on Wednesday re

Published 15 Nov, 2017 09:53pm

Industry

Gazprom Neft sees 2018 output rising despite OPEC+ deal

MOSCOW: Russia's Gazprom Neft thinks its own oil output will rise modestly in 2018 even if a global deal to cut oil outp

Published 15 Nov, 2017 09:53pm

General News

PM for early finalization of Hajj Policy 2018

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi Wednesday directed the Ministry of Religious Affairs to immediately conve

Published 15 Nov, 2017 10:52pm

Commodities

German 2017 corn harvest seen up 9 percent on year

HAMBURG: Germany's 2017 harvest of corn (grain maize) will increase 9 percent on the year to 4.37 million tonnes, German

Published 15 Nov, 2017 09:52pm

Industry

Petrobras CEO to discuss refining partnership with CNPC CEO this month

NEW YORK: Petrobras Chief Executive Officer Pedro Parente said he will meet this month with the CEO of China National Pe

Published 15 Nov, 2017 09:51pm

World

Ghana govt ups 2017 economic growth forecast to 7.9pc

ACCRA: Ghana has raised its 2017 economic growth forecast to 7.9 percent and expects 6.8 percent growth next year as the

Published 15 Nov, 2017 09:51pm

Commodities

NY cocoa falls as Dec/Mar spread weakens; sugar also down

LONDON: Cocoa futures were lower on Wednesday, weighed down partly by the weakness of New York's December contract ahead

Published 15 Nov, 2017 09:50pm

Commodities

Glencore offers Chad new plan to repay more than $1bn loan

LONDON: Commodities trader Glencore has offered Chad a grace period from principal repayments on a more than $1 billion

Published 15 Nov, 2017 09:50pm

Financial

Stocks, oil fall, dollar rises after US data

NEW YORK: Stocks around the world were set for their longest losing streak in eight months on Wednesday as weaker commod

Published 15 Nov, 2017 09:50pm

Financial

Major markets sag, Dubai's DSI surges after loss

DUBAI: Major Gulf stock markets fell on Wednesday, partly because of retreating global equities and oil prices, though b

Published 15 Nov, 2017 09:50pm

Sports

Rose has eyes set on European golf crown

DUBAI: A decade after first winning the European Tour Order of Merit crown, Justin Rose is hoping for similar success th

Published 15 Nov, 2017 09:49pm

Industry

Middle East's flydubai interested in Boeing's proposed mid-sized jet

DUBAI: Flydubai is interested in the mid-sized jet that Boeing is studying whether to develop, the Middle East carrier's

Published 15 Nov, 2017 09:49pm

World

Greek pension funds to take up debt swap offer

ATHENS: Greek pension funds holding bonds worth about 6 billion euros will participate in a debt swap announced by the c

Published 15 Nov, 2017 09:48pm

Financial

LSE Group lobbies for U.S support in Brexit clearing battle

WASHINGTON/LONDON: The London Stock Exchange Group is lobbying to win American political support in its battle with Euro

Published 15 Nov, 2017 09:48pm

Commodities

Kobe Steel plant at centre of false-data scandal loses last quality badge

TOKYO: The Kobe Steel plant at the center of a data-falsification scandal that has shaken supply chains around the world

Published 15 Nov, 2017 09:47pm

Commodities

India's 2017/18 cotton output seen up more than 11pc

MUMBAI: India's cotton production in 2017/18 is likely to rise 11.2 percent from a year ago to 37.5 million bales becaus

Published 15 Nov, 2017 09:47pm

Commodities

Gold rises for third day after US inflation data

LONDON: Gold prices rose for a third day on Wednesday as the dollar weakened and US bond yields fell despite solid US ec

Published 15 Nov, 2017 09:45pm

Commodities

Jordan cancels tender for 100,000 tonnes of barley

DUBAI: Jordan's state grain buyer has cancelled an international tender to purchase 100,000 tonnes of barley, a governme

Published 15 Nov, 2017 09:45pm

Europe

German spy chief sees Russia as danger, cites military advances

BERLIN: Germany's spy chief has warned that Russia should be seen as a "potential danger" rather than as a partner in bu

Published 15 Nov, 2017 09:44pm

Europe

French president 'invites' Lebanon's Hariri, family to France

PARIS: French President Emmanuel Macron on Wednesday "invited" Lebanon's resigned premier Saad Hariri and his family to

Published 15 Nov, 2017 09:43pm

Industry

Kenya Airways completes $2bn debt restructuring

NAIROBI: Kenya Airways has finished restructuring $2 billion of debt, the carrier said on Wednesday, completing a key pa

Published 15 Nov, 2017 09:42pm

Football

Liverpool manager Klopp hospitalised

LONDON: Liverpool manager Jurgen Klopp was admitted to hospital on Wednesday following a health scare. Media reports

Published 15 Nov, 2017 09:42pm

Financial

Euro's bounce, risk-off mood puts bonds on firmer ground

LONDON: Borrowing costs in the euro area fell on Wednesday as the single currency rallied to its highest levels in over

Published 15 Nov, 2017 09:42pm

Managed Funds

Mauritius offers 3-year Treasury note worth 1.6bn rupees

PORT LOUIS: Mauritius will sell a three-year Treasury note worth 1.6 billion rupees ($47.16 million) next week, the cent

Published 15 Nov, 2017 09:42pm

Financial

European shares hit 8-week lows as commodity weakness weighs

MILAN/LONDON: A fall in commodity stocks and sustained profit-taking sent European shares to an eight-week low and their

Published 15 Nov, 2017 09:40pm

Financial

Mining and oil stocks send Britain's FTSE to 5-week lows

LONDON: British stocks suffered their fifth straight day of losses on Wednesday, dragged to five-week lows by big falls

Published 15 Nov, 2017 09:40pm

Energy

Europe Gasoline/Naphtha-Cracks tumble after rise in US stocks

LONDON: Gasoline refining margins in northwest Europe declined on Wednesday after a surprise rise in US inventories.

Published 15 Nov, 2017 09:39pm

Industry

Nestle shakes up infant nutrition to tackle local rivals

LONDON/ZURICH: Nestle, the world's largest packaged food firm, is reorganising its infant nutrition unit to compete with

Published 15 Nov, 2017 09:39pm

Commodities

EU wheat dips on strong euro and fall in US market

PARIS: European wheat waned on Wednesday, still pressured by a strong euro hampering competitiveness on world markets an

Published 15 Nov, 2017 09:39pm

Europe

EU gets pledges for two thirds of refugee scheme

BRUSSELS: EU states have pledged to take 34,000 refugees directly from Africa and the Middle East, officials said Wednes

Published 15 Nov, 2017 09:38pm

Energy

North Sea Crude-Forties slides, first STS offers in two months emerge

LONDON: North Sea Forties crude differentials fell on Wednesday, as a shift in the forward market back into contango saw

Published 15 Nov, 2017 09:38pm

Europe

Erdogan pledges military support for Qatar on Doha visit

DOHA: Turkish President Recep Tayyip Erdogan pledged his country's continued military support for Qatar during a visit t

Published 15 Nov, 2017 09:38pm

Money & Banking

Norway central bank offers Nov 15-16 F-loan liquidity

OSLO: The Norwegian central bank will offer an F-loan for Nov. 15-16, it said on Wednesday. The deadline for bids is Nov

Published 15 Nov, 2017 09:37pm

Financial

Turkish lira near record lows, emerging stocks at two-week low

LONDON: The Turkish lira hovered near record lows on Wednesday and emerging market equities fell to two-week lows, track

Published 15 Nov, 2017 09:37pm

Commodities

NY cocoa futures fall as front-month spread slumps

LONDON: Cocoa futures were lower on Wednesday, weighed down partly by the weakness of New York's December contract ahead

Published 15 Nov, 2017 09:37pm

Africa

Eleven dead in Tanzania plane crash: aviation company

NAIROBI: Eleven people have died after a plane belonging to a safari company crashed in northern Tanzania, according to

Published 15 Nov, 2017 09:33pm

Energy

Oil prices slide after IEA casts doubt over demand outlook

LONDON: Oil prices fell for a fourth session on Wednesday, weighed down by worries that data would show US crude invento

Published 15 Nov, 2017 09:35pm

Pakistan Top News

Pakistan LNG passes on Trafigura, Gunvor cargo deliveries

LONDON: Pakistan LNG Ltd has decided against awarding in a tender three liquefied natural gas (LNG) cargoes due to be de

Published 15 Nov, 2017 09:32pm

General News

ECP issues transfer, posting orders of 86 officers

ISLAMABAD: The Election Commission of Pakistan (ECP) Wednesday issued transfer and posting orders of its 86 officers of

Published 15 Nov, 2017 11:31pm

Commodities

Palm falls for fifth day on weaker crude oil, stronger ringgit

KUALA LUMPUR: Malaysian palm oil futures hit their lowest in nearly a month on Wednesday evening, tracking weakness in c

Published 15 Nov, 2017 09:31pm

Pakistan Top News

Date extended for filing of income tax returns till Nov 30

ISLAMABAd: The Federal Board of Revenue (FBR) Wednesday extended due date for filing of income tax returns or statements

Published 15 Nov, 2017 09:31pm

Business & Finance

CPEC to bring prosperity in Pakistan: Khalil George

QUETTA: Federal Parliamentary Secretary for Religious Affairs and Inter-Faith Harmony Khalil Goerge Wednesday said China

Published 15 Nov, 2017 10:30pm

Financial

Portugal sells 1.5bn euros of T-bills, yields drop

LISBON: Portugal sold all 1.5 billion euros ($1.78 billion) total of six-month and 1-year Treasury bills on offer in an

Published 15 Nov, 2017 09:30pm

General News

CM forms committee to bring back bodies from Balochistan

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif on Wednesday constituted a committee to make necessary arrangement

Published 15 Nov, 2017 09:29pm

Front Top News

Put price on carbon, stop bad bets on fossil fuels: UN's Guterres

BONN: Governments should put a price on carbon emissions to help combat global warming and stop making bad bets on fossi

Published 15 Nov, 2017 09:29pm

Europe

Putin to intervene in Ukraine prisoner swap

MOSCOW: Russian President Vladimir Putin on Wednesday said he would hold talks with the leaders of eastern Ukraine's sel

Published 15 Nov, 2017 10:26pm

Financial

Russia sells 14.14bn roubles of OFZ bonds at two auctions

MOSCOW: Russia's finance ministry sold 14.14 billion roubles ($235.25 million) of OFZ treasury bonds at two auctions on

Published 15 Nov, 2017 09:26pm

Energy

Russian oil export duty seen rising to $105/T in December

MOSCOW: Russia's oil export duty is expected to rise to $105 per tonne in December from $96.1 per tonne in November, dat

Published 15 Nov, 2017 09:25pm

Money & Banking

Russia's Sberbank CFO sees central bank key rate at 8pc by year-end

MOSCOW: Sberbank Chief Financial Officer Alexander Morozov said on Wednesday he expected the Russian Central Bank to cut

Published 15 Nov, 2017 11:23pm

Financial

SE Asia Stocks-Most slide on weak oil prices; Malaysia hits 8 month closing low

SINGAPORE: Most Southeast Asian stock markets ended lower on Wednesday, with Malaysia closing at its lowest in eight mon

Published 15 Nov, 2017 09:23pm

North America

Senate Finance chairman revises tax plan to end Obamacare mandate

WASHINGTON: The head of the US Senate Finance Committee proposed major changes to a Republican tax reform plan, adding a

Published 15 Nov, 2017 09:22pm

Money & Banking

Serbia's central bank cuts 2017 economic growth estimate to 2 percent

BELGRADE: The Serbian central bank lowered its economic growth forecast on Wednesday by a percentage point to 2 percent,

Published 15 Nov, 2017 11:55pm

General News

Zubair condemns Quetta firing

KARACHI: Sindh Governor Muhammad Zubair has strongly condemned the firing incident in Quetta on Wednesday in which SP In

Published 15 Nov, 2017 09:50pm

General News

We want to peacefully end Islamabad sit-in: Minister

ISLAMABAD: Minister of State for Capital Administration and Development Dr. Tariq Fazal Chaudhry said on Wednesday that

Published 15 Nov, 2017 11:20pm

Financial

Britain's FTSE weighed down by mining and oil shares

LONDON: Mining and oil stocks put downward pressure on the UK's top share index, which remained stuck at its lowest leve

Published 15 Nov, 2017 09:20pm

Industry

Boeing in 175 plane deal with budget carrier flydubai

DUBAI: Boeing Co. reached a preliminary deal for 175 of its 737 MAX jets with flydubai on Wednesday, potentially committ

Published 15 Nov, 2017 11:19pm

General News

There is complete consensus on ending controversy over finality of Prophethood: Ayaz

ISLAMABAD: A meeting of parliamentary leaders was held here at Parliament House on Wednesday with Speaker National Assem

Published 15 Nov, 2017 11:18pm

Money & Banking

BNP Paribas to bolster Nordic teams, eyes corporate European assets

PARIS: BNP Paribas plans to bolster its banking teams in the Nordic region and would consider buying corporate banking p

Published 15 Nov, 2017 10:18pm

General News

Teenager killed, 15 injured as coach overturns after hitting tractor-trolley

RAJANPUR: A teenaged boy was killed and 15 other passengers sustained injuries when a coach they were riding overturned

Published 15 Nov, 2017 09:18pm

General News

Special attention given to parks, playground: Chairman Central

KARACHI: Chairman District Central Rehan Hashmi on Wednesday said that special attention is being paid to play grounds a

Published 15 Nov, 2017 09:17pm

Pakistan Top News

Sindh Apex Committee decides to carry out crackdown against street crimes

ISLAMABAD: Sindh Apex Committee has decided to carry out a major crackdown against street crimes in Karachi city. The

Published 15 Nov, 2017 09:16pm

Football

Australia beat Honduras 3-1 to qualify for World Cup

SYDNEY: Australia beat Honduras 3-1 in the second leg of their intercontinental playoff on Wednesday to qualify for next

Published 15 Nov, 2017 09:16pm

General News

SHC directs NAB to complete inquiry against provincial law minister

KARACHI: The Sindh High Court (SHC) on Wednesday directed the National Accountability Bureau’s (NAB) to complete inquiry

ISLAMABAD: Senate Standing Committee on Commerce and Textile on Wednesday reviewed the performance of Trade Dispute Regu

Published 15 Nov, 2017 09:53pm

Pakistan Top News

Entire country is unified on CPEC: Ahsan Iqbal

ISLAMABAD: Minister for Planning and Development, and Interior Ahsan Iqbal on Wednesday said all the four provinces, the

ASHGABAT: A road and rail corridor connecting war-torn Afghanistan with Turkey and Europe was signed off by officials fr

Published 15 Nov, 2017 04:38pm

North America

Trump pullout from climate pact means even hotter world: study

BONN: US President Donald Trump's pullout from the Paris Agreement will push up global temperatures nearly half a degree

Published 15 Nov, 2017 04:36pm

Europe

Top UK court backs Scottish minimum drink price law

EDINBURGH: Britain's highest court on Wednesday supported the Scottish government's plan to impose minimum prices on alc

Published 15 Nov, 2017 04:33pm

Africa

Sudan journalists oppose new law curbing media freedom

KHARTOUM: Dozens of Sudanese journalists on Wednesday demonstrated in Khartoum against a proposed new press law that aim

Published 15 Nov, 2017 04:32pm

Energy

Spain awarded 1.6bn euros over Prestige oil spill

MADRID: A court awarded the Spanish state 1.6 billion euros ($1.9 billion) in damages on Wednesday over the 2002 Prestig

Published 15 Nov, 2017 04:30pm

Asia

South Korea postpones nationwide college exam after rare quake

SEOUL: South Korean authorities took the unprecedented step of postponing nationwide college entrance exams after a rare

Published 15 Nov, 2017 04:29pm

Africa

Mugabe under house arrest as military takes control

HARARE: Zimbabwe's military was in control of the country on Wednesday as President Robert Mugabe said he was under hous

Published 15 Nov, 2017 04:28pm

Africa

Mnangagwa: Zimbabwe's leader in waiting?

HARARE: Emmerson Mnangagwa appears well-placed to return to a leading role in Zimbabwe following the army's takeover in

Published 15 Nov, 2017 04:25pm

Europe

Macron's movement falters after election glory

PARIS: Six months after riding his own political movement to power in a sensational upset for French politics, President

Published 15 Nov, 2017 04:24pm

Middle East

Love him or hate him, Lebanese want PM Hariri home

BEIRUT: Lebanon's divided politicians rarely agree on anything, but they have fleetingly united in calling for resigned

Published 15 Nov, 2017 04:23pm

Cricket

India want Sri Lanka to make them 'uncomfortable': Kohli

KOLKATA: India want underdogs Sri Lanka to force them into an "uncomfortable" zone in their latest Test series starting

Published 15 Nov, 2017 04:22pm

World

Greece in new market test with bond swap

ATHENS: Greece on Wednesday offered to exchange some 30 billion euros ($35 billion) in bonds in a new market test for th

Published 15 Nov, 2017 04:00pm

Middle East

French foreign minister to meet Hariri in Saudi: aide

PARIS: French Foreign Minister Jean-Yves Le Drian will meet with Lebanon's resigned Prime Minister Saad Hariri on Thursd

Published 15 Nov, 2017 04:00pm

Football

Football: Ventura defends record despite Italy flop

MILAN: Gian Piero Ventura defended "one of the best records in 40 years" on Wednesday as he refused to resign as Italy c

Published 15 Nov, 2017 05:58pm

Football

Football: Qualifiers for 2018 World Cup

PARIS: The 30 nations that have already booked their place for the 2018 World Cup in Russia, after Australia qualified o

Published 15 Nov, 2017 03:58pm

Football

Football: Bilbao veteran Aduriz signs on until 2019

MADRID: Veteran striker Aritz Aduriz, 36, has signed a one-year contract extension that will see him stay at Athletic Bi

Published 15 Nov, 2017 03:57pm

Europe

EU concerned by Zimbabwe crisis, urges 'peaceful resolution'

BRUSSELS: The EU called Wednesday for a "peaceful resolution" to the crisis in Zimbabwe, after the military seized contr

Published 15 Nov, 2017 03:56pm

Africa

Daughter of Angola's ex-president sacked as state oil chief

LUANDA: Angolan President Joao Lourenco on Wednesday fired his predecessor's daughter from her influential post as head

Published 15 Nov, 2017 03:54pm

Sports

Cycling: No charges against British Cycling or Sky after doping probe

LONDON: A 14-month investigation by United Kingdom Anti-Doping into allegations of wrongdoing at British Cycling and Tea

Published 15 Nov, 2017 03:52pm

General News

Bodies of 15 illegal immigrants found in SW Pakistan: officials

QUETTA: The bullet-riddled bodies of 15 Pakistani illegal migrants were found near the Iranian border in Pakistan's sout

Published 15 Nov, 2017 05:50pm

Europe

At least seven die in Greece flash flood

ATHENS: At least seven people died on Wednesday and more were missing after a strong overnight downpour flooded three to

Published 15 Nov, 2017 03:50pm

Middle East

Aid slow to reach quake-hit Iranian villages

KOUIK: Iranian survivors of a powerful earthquake that killed more than 400 people pleaded Wednesday for water, tents an

Published 15 Nov, 2017 03:35pm

Europe

EU parliament toughens law to limit cheap Chinese imports

STRASBOURG: The European Parliament overwhelmingly passed a law Wednesday that gives the EU far more legal freedom to ti

Published 15 Nov, 2017 03:34pm

Industry

Airbus lands biggest-ever contract for 430 A320s

PARIS: Airbus announced its biggest-ever order on Wednesday, signing a deal to supply 430 of its medium-range A320 famil

Published 15 Nov, 2017 03:32pm

Life & Style

Rare pink diamond aims for $30 million haul

GENEVA: An extremely rare 37.3-carat pink diamond goes under the hammer Wednesday as the top offer at Sotheby's jewel sa

Published 15 Nov, 2017 03:33pm

Asia

Afghan opium output soars as cultivation hits record high

KABUL: Afghan opium producers have had a bumper year with output soaring 87 percent as the area under poppy cultivation

Published 15 Nov, 2017 03:31pm

Financial

US stocks fall on tax cut doubts, holiday shopping anxiety

NEW YORK: Wall Street stocks tumbled early Wednesday on ongoing doubts about the prospects for US tax cuts, and worries

Published 15 Nov, 2017 03:31pm

Europe

Poland blasts 'scandalous' EU parliament call for sanctions

STRASBOURG: Poland's prime minister reacted furiously on Wednesday after the European Parliament called for the country

Published 15 Nov, 2017 02:45pm

Europe

Fire in German refugee shelter kills one, hurts seven

BERLIN: An asylum seeker was killed Wednesday and seven suffered smoke inhalation after a fire hit a refugee shelter in

Published 15 Nov, 2017 02:43pm

World Top News

Fossil fuel investment spells 'unsustainable future': UN chief

BONN: Continued investment in fossil fuels would doom mankind to an "unsustainable future", UN chief Antonio Guterres sa

Published 15 Nov, 2017 02:41pm

Front Top News

UK urges restraint in Zimbabwe, voices cautious hope

LONDON: Britain on Wednesday urged all sides in Zimbabwe to refrain from violence after the military took control of the

Published 15 Nov, 2017 02:40pm

World

US housing costs drive modest gain in October inflation

WASHINGTON: The rising costs of housing and medical care drove a modest gain in US consumer inflation last month, accord

Published 15 Nov, 2017 02:37pm

Sports

WCup bidding process became 'opaque', SAfrica complains

LONDON: Pre-vote favourites South Africa complained that the bidding process to host the 2023 World Cup had gone "opaque

Published 15 Nov, 2017 02:36pm

Technology

Pakistani researchers develop nanoparticle to heal burnt skin

ISLAMABAD: Pakistani scientists have developed a nanoparticle that re-generates and heal burnt skin. This develop

Updated 15 Nov, 2017 02:23pm

Markets

PMEX index closes at 3,075 points

KARACHI: Pakistan Mercantile Exchange Limited’s commodity index on Tuesday closed at 3,075 points. The traded val

Published 15 Nov, 2017 01:29pm

General News

CM condemns murder of 15 people in Turbat

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif on Wednesday strongly condemned the killing of 15 people in Tu

Published 15 Nov, 2017 01:26pm

Pakistan Top News

15 bodies found in Turbat

QUETTA: Levies force has found fifteen bodies of people in Bulida area of Turbat district on Wednesday. According

Published 15 Nov, 2017 01:24pm

Industries & Sectors

JCR-VIS reaffirms IFS rating of Century Insurance Company

KARACHI: JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength (IFS) rating of Century

Published 15 Nov, 2017 01:20pm

General News

Ambassador of Azerbaijan calls on Sindh CM

KARACHI: Ambassador of Azerbaijan Ali Alizada called on Sindh Chief Minister Syed Murad Ali Shah at Chief Minister H

Published 15 Nov, 2017 01:18pm

Markets

RECORDER REPORT: PSX close of day

KARACHI: BRINDEX-30 closed on the lower side on Wednesday at 21,197.04 points with a negative change of -254.56 and vol

Published 15 Nov, 2017 12:51pm

Featured Photos

Egyptian secrets

Visitors walk around pharaonic artefacts inside the Egyptian Museum at the capital of Cairo, Egypt. Co

Published 15 Nov, 2017 05:00pm

Featured Photos

Pink diamond

A staff member poses with "Le Grand Mazarin," a legendary 19.07-carat pink diamond that was once part of the collect

Published 15 Nov, 2017 03:30pm

Featured Photos

Gas meter

A newly installed gas meter is seen at a house in Xiaozhangwan village at the outskirts of Beijing, China, November

Published 15 Nov, 2017 02:00pm

Featured Photos

Copper and Gold Mine

Trucks operate in the open-pit mine of PT Freeport's Grasberg copper and gold mine complex near Timika, in the easte

Published 15 Nov, 2017 12:43pm

Cricket

Amir has been ‘unlucky’, says former captain

Pakistan fast bowler Mohammad Amir, is widely considered one of the best bowlers in world cricket, however the bowl

Published 15 Nov, 2017 12:43pm

Automobile

Autos turning up the heat

Putting a dampener on the prospects a little, a few days ago French carmaker Renault suspended its plans to come to Paki

Updated 15 Nov, 2017 11:30am

Technology

World's first sensor-embedded 'smart pill' gets approved

The Food and Drug Administration (FDA) has approved a way to track whether patients really have taken their medicat

Published 15 Nov, 2017 11:19am

World

South Korea's exports hit record high in January-September period

SEOUL: South Korea's exports hit a record high in the January-September period mainly due to robust demand for semic

Published 15 Nov, 2017 11:09am

Industries & Sectors

Endeavours to boost installed power capacity, generation bearing fruits

ISLAMABAD: The endeavours made during last four years have helped in boosting installed capacity of electricity in t

Published 15 Nov, 2017 11:06am

Mobile banking emerging rapidly in country

ISLAMABAD: Pakistan is now one of the countries with incredible growth in the market of branch-less & mobile ban

Published 15 Nov, 2017 11:02am

General News

Pakistan willing to share counter-terrorism expertise with UN

ISLAMABAD: Minister for Defence Engineer Khurram Dastgir Khan has said that Pakistan is willing to share its counter

Published 15 Nov, 2017 10:58am

Cricket

Afridi praises ‘best fit’ captain Sarfraz

Pakistan star all rounder Shahid Afridi has showered praise on current skipper Sarfraz Ahmed, saying Sarfraz is the

Published 15 Nov, 2017 11:15am

Financial

European stock markets drop at open

LONDON: Europe's stock markets dropped at the open on Wednesday following losses in Asia and Wall Street, with globa

Published 15 Nov, 2017 10:52am

Financial

Hong Kong, Shanghai stocks hit by falling oil prices

HONG KONG: Energy firms plunged on Wednesday as a sell-off in oil extended into Asian trade, sending Hong Kong and S

Published 15 Nov, 2017 10:51am

General News

Saad for work jointly to strengthen democracy

ISLAMABAD: Federal Minister for Railways Khawaja Saad Rafique on Wednesday asked all the stakeholders to work jointl

Published 15 Nov, 2017 10:50am

General News

Pakistan to soon start producing commercial aircraft

ISLAMABAD: Pakistan will soon start producing commercial aircraft for the domestic and international markets, said a

Published 15 Nov, 2017 10:49am

Cricket

Babar Azam surpasses Kohli, de Villiers

Babar Azam, who broke several One Day Internationals (ODI) records, has achieved another feat in his fresh career a

Published 15 Nov, 2017 10:41am

Asia

Myanmar sanctions 'not advisable' at this time

NAYPYIDAW: US Secretary of State Rex Tillerson said Wednesday that levying sanctions against Myanmar over the Rohing

Published 15 Nov, 2017 10:34am

Europe

Venezuela finance minister arrives in Moscow amid debt crisis

MOSCOW: Venezuela's finance minister arrived in Moscow on Wednesday, a diplomatic source told AFP, as Caracas prepar

Published 15 Nov, 2017 10:32am

Industry

Boeing announces $27bn order from flydubai for 225 737 MAXs

DUBAI: Boeing on Wednesday announced an order from Gulf airline flydubai for 225 medium-haul 737 MAX aircraft with a

Published 15 Nov, 2017 10:32am

Africa

South Africa demands no 'unconstitutional' change of Zimbabwe govt

JOHANNESBURG: South Africa on Wednesday urged neighbouring Zimbabwe to resist any "unconstitutional changes" of gove

Published 15 Nov, 2017 10:24am

Movies & Music

Katrina Kaif reveals which actress makes her nervous

Bollywood diva Katrina Kaif is one actress who has given one super hit dance number after another but even with this

Published 15 Nov, 2017 10:30am

Cricket

Saeed Ajmal claims ICC rules are only for Pakistani bowlers

Pakistan off spinner Saeed Ajmal, who recently bid adieu to all forms of cricket has said that the ban on his bowli

Published 15 Nov, 2017 09:43am

Front Top News

Court grants Sharif, Maryam exemption from appearance

The accountability court approved on Wednesday deposed Prime Minister Nawaz Sharif and daughter Maryam Nawaz’s appli

Published 15 Nov, 2017 09:37am

Technology

After Samsung, Microsoft mocks iPad users to ‘get a real computer’

Just a week ago Samsung launched its Galaxy Note 8 ad in which it mocked Apple’s iPhone with a tagline ‘Grow Up: Up

Published 15 Nov, 2017 09:33am

Movies & Music

Sunny Leone dressed as a man proves she can rock any look

Sunny Leone recently returned with a bang with her latest track ‘Barbie Girl’ from her upcoming movie ‘Tera Intezaar

Published 15 Nov, 2017 09:30am

General News

'No allegations of corruption prove against Nawaz Sharif'

ISLAMABAD: Minister for Water and Power Chaudhry Abid Sher Ali said on Wednesday that no allegation of corruption ha

Updated 15 Nov, 2017 09:11am

Pakistan Top News

Sharif family files applications to accountability court

The accountability court resumed on Wednesday hearing against the deposed Prime Minister Nawaz Sharif, his daughter

Updated 15 Nov, 2017 09:04am

Pakistan Top News

Nawaz Sharif takes a jibe at accountability court yet again

Once again targeting the accountability court, deposed Prime Minister Nawaz Sharif claimed that when it comes to his

Updated 15 Nov, 2017 08:58am

Sports

Lensnar vs Styles: Pick your favourite for the dream match

The WWE Survivor Series has emerged as one of the best pay per views in recent times, with a jam packed card of hea

Published 15 Nov, 2017 08:55am

Exchange

Curiously while the voting populace is embroiled in figuring out who bought his cruiser how, and struggles to solve the mystery of who might or might not be the next Finance Minister out of the names floating on the grapevine, if we have to have a new one

Updated 15 Nov, 2017 08:33am

General News

Aizaz hopeful of rebound in Pakistan-US ties despite challenges

WASHINGTON: Pakistan's Ambassador to the United States Aizaz Ahmad Chaudhry on Tuesday expressed the hope about rebo

Published 15 Nov, 2017 08:20am

Sports

Tit for tat: SmackDown falls under siege

SmackDown Live finally got the taste of their own medicine, as Raw strike back with full force exactly 22 days afte

Published 15 Nov, 2017 08:13am

General News

Parliamentarians welcome PM package for Balochistan

ISLAMABAD: The Parliament on Wednesday welcomed Prime Minister Shahid Khaqan Abbasi’s announcement of the ten-year e

Published 15 Nov, 2017 08:12am

Markets

RECORDER REPORT: PSX, BRIndex-30 update

KARACHI: Wednesday 15, November 2017 until 13:06, BRIndex 30 was at 21,407.18 with a negative change of -44.42 and volum

Published 15 Nov, 2017 08:07am

World

Fitch downgrades Venezuela to 'selective default'

WASHINGTON: Fitch downgraded cash-strapped Venezuela to "restricted default" on Tuesday over its failure to make ove

Published 15 Nov, 2017 08:04am

World

Venezuela 'selective default' declared, govt insists it is paying up

CARACAS: Venezuela and the jewel of its petroleum-dependent economy, state oil company PDVSA, were declared in parti

Published 15 Nov, 2017 08:03am

Europe

Merkel, Macron to front diplomatic push at UN climate talks

BONN: The leaders of France and Germany will lead a diplomatic charge Wednesday to reinvigorate UN climate talks clo

Published 15 Nov, 2017 08:01am

Asia

North Korea slams Trump for insulting leader

SEOUL: North Korea's state media on Wednesday slammed Donald Trump for insulting leader Kim Jong-Un, saying the US p

Published 15 Nov, 2017 07:59am

Energy

Oil prices extend losses in Asia after demand warning

SINGAPORE: Oil prices tumbled more than one percent on Wednesday in ASia, extending the previous day's sharp falls a

Published 15 Nov, 2017 07:58am

Industry

Airbus in $40bn deal to sell 430 A320s to US firm

PARIS: Airbus is due to announce the sale of 430 of its medium-range A320 family of aircraft to US investment firm I

Published 15 Nov, 2017 07:56am

World

Canada seeks NAFTA arbitration in lumber dispute with US

MONTREAL: Canada has requested that its trade dispute with Washington over US duties imposed on softwood lumber go t

Published 15 Nov, 2017 07:55am

Asia

China to send envoy to North Korea

BEIJING: China will send a special envoy to North Korea this week, state media said Wednesday, after US President Do

Published 15 Nov, 2017 07:54am

Front Top News

Tillerson in Myanmar to press Suu Kyi and army on Rohingya

NAYPYIDAW: Washington's top diplomat arrived in Myanmar Wednesday to press civilian leader Aung San Suu Kyi and the

Published 15 Nov, 2017 07:53am

Financial

Tokyo's stocks extend losses to sixth straight day

TOKYO: Tokyo stocks closed sharply lower on Wednesday, with the key index extending its losing streak to a sixth str

Published 15 Nov, 2017 07:51am

Asia

Rare 5.4-magnitude quake hits southern South Korea

SEOUL: A rare 5.4-magnitude earthquake hit South Korea's southeast Wednesday afternoon, the second most powerful qua

Published 15 Nov, 2017 07:50am

Financial

Asia stocks down as plunging oil prices hammer energy firms

HONG KONG: Asian energy firms extended a global sell-off Wednesday, dragging regional equity markets, as oil prices

Published 15 Nov, 2017 07:48am

Movies & Music

Censor board bans Mahira Khan’s ‘Verna’ reportedly for rape scenes

Pakistani actress Mahira Khan’s upcoming movie ‘Verna’ has been banned by the Censor Board in Pakistan for apparentl

Updated 15 Nov, 2017 07:35am

Life & Style

Shoaib Malik sends special message to Sania Mirza on 31st birthday

After getting married to Pakistani cricketer Shoaib Malik, Indian tennis star Sania Mirza has become one of the most

Published 15 Nov, 2017 08:37am

Cotton

Anomalies in imposition of RD

The regulatory duties (RD) imposed on the import of 713 items about a month ago have been criticised by industrial and commercial sectors of the country. According to Minister of Commerce and Textile, Pervaiz Malik, his ministry had received presentations

Updated 15 Nov, 2017 07:10am

Technology

Firefox ups its game with major upgrade

For the first time ever since its launch, Mozilla Firefox went through a major update by introducing a new powerful

Published 15 Nov, 2017 06:56am

Life & Style

Pictures: Deepika Padukone welcomes winter in style

Deepika Padukone, who launched her clothing line ‘All About You’ in 2015, has now unveiled her winter collection 201

Published 15 Nov, 2017 07:45am

World Top News

EU expects Hariri back in Lebanon 'in days': Mogherini

BRUSSELS: The EU's diplomatic chief Federica Mogherini said Tuesday she expected Lebanon's prime minister to return

Updated 15 Nov, 2017 06:28am

Asia

North Korea nuclear arsenal too developed to destroy quickly, says Moon

SEOUL: South Korean President Moon Jae-in said on Tuesday it would not be easy for reclusive North Korea to destroy

Updated 15 Nov, 2017 06:25am

Cricket

After Shadab Khan, Yasir Shah signs up for BBL

Pakistan leg-spinner Yasir Shah has signed a contract with KFC Big Bash League (BBL) franchise Brisbane Heat as an

Published 15 Nov, 2017 06:00am

Cricket

Dean Jones reveals how to get best out of PSL players

Islamabad United coach Dean Jones has called for better pitches in Pakistan Super League (PSL) to allow players to

Published 15 Nov, 2017 05:20am

Mutual Funds

SECP approves Shariah Advisors Regulations

In order to enhance the credibility of Islamic financial services sector, the Securities and Exchange Commission of Pakistan (SECP) has approved the Shariah Advisors Regulations, 2017. Framed under the Companies Act, 2017, these regulations will disciplin

Published 15 Nov, 2017 12:00am

Exchange

ORM listed on PSX

Pakistan Stock Exchange Limited (PSX) has approved the application for formal listing and quotation of Certificates of Orient Rental Modaraba on completion of relevant requirements under the Listing of Companies and Securities Regulations of the Exchange.

Published 15 Nov, 2017 12:00am

Currency

Pakistan can become gateway to Central Asia: Haroon

Special Assistant to the Prime Minister on Revenue, Haroon Khan Tuesday said Pakistan holds a very important strategic position on the world map due to its proximity to China, Russia and India and "we can become the gateway to Central Asia for oil and ene

Published 15 Nov, 2017 12:00am

Peshawar Airport: customs clearance for six days a week assured

Collector Customs, Peshawar Gul Rehman Marwat has assured the continuation of the process of Customs clearance at Peshawar Airport for six days a week after inclusion of Saturday and directed no delay in the renewal of the Customs licenses and keeping of

Published 15 Nov, 2017 12:00am

Winter rain turns weather pleasent in KP

The first winter rain which started in most parts of Khyber Pakhtunkhwa during the last 24 hours brought the mercury level down while clearing the environment and giving a fresh look to plants and trees. According to detail, the Met Office forecasted clou

Published 15 Nov, 2017 12:00am

Currency	Rate
USD PKR Interbank Selling / Jun 12	278.52
USD PKR Interbank Buying / Jun 12	278.32
USD to Japanese Yen / Jun 16	160.26
USD to Swiss Franc / Jun 16	0.80
Pound Sterling to USD / Jun 16	1.34
Euro to USD / Jun 16	1.16
SOFR % / Jun 15	3.60

Stock	Volume
S&P 500 / Jun 15	7,554.29
Nasdaq / Jun 15	26,683.94
FTSE 100 / Jun 15	10,430.62
Dow Jones / Jun 15	51,671.03
Germany DAX 30 / Jun 15	24,894.01
France CAC40 / Jun 15	8,384.01
India Sensex / Jun 16	76,714.29
Tokyo Nikkei / Jun 16	69,722.25
Hang Seng / Jun 16	24,445.52

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 15	21,080
Gold 10 Grams PKR / Jun 15	389,600
Petrol/Litre / Jun 16	373.78
Crude Oil USD/Barrel / Jun 16	80.57
Gold Spot USD/Ounce / Jun 16	4,326.02
Diesel/Litre / Jun 16	378.78
Cotton US¢/pound / Jun 16	76.67

Stock	Price
First Fid. Leasing / Jun 16 First Fidelity Leasing Modaraba(FFLM)	15.36 ▲ 2.67 (21.04%)
Pak. P.V.C. / Jun 16 Pakistan PVC Limited(PPVC)	34.60 ▲ 6.01 (21.02%)
Pak Stock Exchange / Jun 16 Pakistan Stock Exchange Limited(PSX)	52.70 ▲ 9.15 (21.01%)
Crescent Steel / Jun 16 Crescent Steel & Allied Products Limited(CSAP)	116.84 ▲ 20.28 (21%)
National Silk / Jun 16 The National Silk & Rayon Mills Limited(NSRM)	195.13 ▲ 33.87 (21%)
MACPAC Films / Jun 16 MACPAC Films Limited(MACFL)	72.74 ▲ 12.62 (20.99%)
Power Cem(Pref) / Jun 16 Power Cement (Pref)(POWERPS)	28.77 ▲ 4.97 (20.88%)
Nets Internat.Comm. / Jun 16 Nets International Communication Limited(GEMNETS)	33.50 ▲ 5.6 (20.07%)
Paramount Spinning / Jun 16 Paramount Spinning Mills Limited(PASM)	8 ▲ 1.29 (19.23%)
Ellcot Spinning / Jun 16 Ellcot Spinning Mills Limited(ELSM)	130.98 ▲ 20.95 (19.04%)

Stock	Price
Askari Life Assur. / Jun 16 Askari Life Assurance Company Limited(ALAC)	22.67 ▼ -2.87 (-11.24%)
Universal Ins. / Jun 16 The Universal Insurance Company Limited(UVIC)	22.60 ▼ -2.28 (-9.16%)
GOC (Pak) / Jun 16 GOC (Pak) Limited.(GOC)	113.30 ▼ -9.7 (-7.89%)
Crescent Fib. / Jun 16 Crescent Fibres Limited(CFL)	55.37 ▼ -4.62 (-7.7%)
Frontier Ceramics / Jun 16 Frontier Ceramics Limited(FRCL)	75 ▼ -6.14 (-7.57%)
Idrees Tex. / Jun 16 Idrees Textile Mills Limited(IDRT)	46.43 ▼ -3.67 (-7.33%)
Zephyr Textile / Jun 16 Zephyr Textiles Limited(ZTL)	19.01 ▼ -1.44 (-7.04%)
Popular Islamic / Jun 16 Popular Islamic Modaraba(PIM)	22.45 ▼ -1.54 (-6.42%)
Data Agro / Jun 16 Data Agro Limited(DAAG)	92.51 ▼ -5.56 (-5.67%)
Premier Insurance / Jun 16 Premier Insurance Limited(PINL)	9.25 ▼ -0.54 (-5.52%)

Stock	Volume
Sui South Gas / Jun 16 Sui Southern Gas Company Limited(SSGC)	42,037,605 ▲ 3.46
K-Electric Ltd. / Jun 16 K-Electric Limited(KEL)	30,320,006 ▲ 0.16
Siddiqsons Tin / Jun 16 Siddiqsons Tin Plate Limited(STPL)	28,975,223 ▲ 0.86
B.O.Punjab / Jun 16 The Bank of Punjab(BOP)	28,753,253 ▲ 1.85
TPL Corp Ltd / Jun 16 TPL Corp Limited(TPL)	26,028,264 ▲ 2.26
Lotte Chemical / Jun 16 Lotte Chemical Pakistan Limited(LOTCHEM)	25,864,924 ▼ -0.63
TPL Properties / Jun 16 TPL Properties Limited(TPLP)	21,862,327 ▲ 0.82
WorldCall Telecom / Jun 16 Worldcall Telecom Limited(WTL)	20,838,324 ▲ 0.01
Maple Leaf Cement / Jun 16 Maple Leaf Cement Factory Limited(MLCF)	19,817,351 ▲ 7.78
Pak Int.Bulk / Jun 16 Pakistan International Bulk Terminal(PIBTL)	18,703,864 ▲ 0.72