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Archive - 2017-11-18
The JFK fascination

The JFK fascination

Perhaps it is charisma alone, or possibly the additional facet of being handsome and good looking, that led me as a very young student, to be enticed by the Kennedy Clan. I followed the family's achievements and tragedies with keen reading, since my secon
Updated 22 Nov, 2017 08:09am
Moody's raises India rating in more than a decade

Moody's raises India rating in more than a decade

Moody''s on Friday upgraded India''s credit rating for the first time in more than a decade, citing economic reforms introduced under Prime Minister Narendra Modi. The move comes almost two months after the Moody''s and Standar & Poor''s lowered their rat
Updated 21 Nov, 2017 01:51pm
Moody's raises India rating in more than a decade

Moody's raises India rating in more than a decade

Moody''''s on Friday upgraded India''''s credit rating for the first time in more than a decade, citing economic reforms introduced under Prime Minister Narendra Modi. The move comes almost two months after the Moody''''s and Standar & Poor''''s lowered t
Updated 21 Nov, 2017 01:32pm
RugbyU: Georgia run Wales close
Sports

RugbyU: Georgia run Wales close

CARDIFF: Wales were given a scare by Georgia on Saturday before clinging on to win 13-6 in a remarkable finish at the Pr
Published 18 Nov, 2017 09:58pm
Argentina still searching for missing sub
Front Top News

Argentina still searching for missing sub

BUENOS AIRES: Argentina's military on Saturday were continuing the search for the submarine ARA San Juan, which has been
Published 18 Nov, 2017 05:32pm
China Open semi-final results
Sports

China Open semi-final results

SHANGHAI: Semi-final results at the China Open in Fuzhou on Saturday (x denotes seeding): Women Akane Yamaguchi (
Published 18 Nov, 2017 02:36pm
Mugabe: Liberation hero turned despot
Front Top News

Mugabe: Liberation hero turned despot

HARARE: Zimbabwe's veteran leader Robert Mugabe once quipped that he'd rule his country until he turned 100. But the
Published 18 Nov, 2017 01:05pm
EU cuts funding to Turkey in 2018 budget
Front Top News

EU cuts funding to Turkey in 2018 budget

BRUSSELS: An EU 2018 budget deal was announced Saturday that cuts funds destined to Turkey, citing doubts about Ankara's
Published 18 Nov, 2017 12:54pm
Finance Minister Ishaq Dar resigns
Pakistan Top News

Finance Minister Ishaq Dar resigns

Ishaq Dar has decided to step down from his position of finance minister and resigned on Saturday morning, according
Updated 18 Nov, 2017 07:48am
Another LNG re-gasification terminal in couple of days: Musadiq

Another LNG re-gasification terminal in couple of days: Musadiq

Special Assistant to Prime Minister Dr Musadik Malik has said the government will inaugurate another liquefied natural gas (LNG) re-gasification terminal in a couple of days to reduce gas shortfall in the country. Addressing a press conference here on Fri
Published 18 Nov, 2017 12:00am
Another LNG re-gasification terminal in couple of days: Musadiq

Another LNG re-gasification terminal in couple of days: Musadiq

Special Assistant to Prime Minister Dr Musadik Malik has said the government will inaugurate another liquefied natural gas (LNG) re-gasification terminal in a couple of days to reduce gas shortfall in the country. Addressing a press conference here on Fri
Published 18 Nov, 2017 12:00am
Customs Department WeBOC system has no provision to follow SHC orders

Customs Department WeBOC system has no provision to follow SHC orders

The Web-based One Customs (WeBOC) system has no provision to implement the Sindh High Court's interim decision regarding regulatory duty (RD) on the import of certain items fall under SRO 1035(I)/2017, it was learnt. The Sindh High Court, in its interim d
Published 18 Nov, 2017 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 18 Nov, 2017 12:00am
Customs Department WeBOC system has no provision to follow SHC orders

Customs Department WeBOC system has no provision to follow SHC orders

The Web-based One Customs (WeBOC) system has no provision to implement the Sindh High Court's interim decision regarding regulatory duty (RD) on the import of certain items fall under SRO 1035(I)/2017, it was learnt. The Sindh High Court, in its interim d
Published 18 Nov, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 18 Nov, 2017 12:00am
Customs Department WeBOC system has no provision to follow SHC orders

Customs Department WeBOC system has no provision to follow SHC orders

The Web-based One Customs (WeBOC) system has no provision to implement the Sindh High Court''s interim decision regarding regulatory duty (RD) on the import of certain items fall under SRO 1035(I)/2017, it was learnt. The Sindh High Court, in its interim
Published 18 Nov, 2017 12:00am
SBP to develop roadmap for promoting SMEs banking

SBP to develop roadmap for promoting SMEs banking

The State Bank of Pakistan (SBP) has decided to develop a roadmap for the promotion of Small and Medium Enterprises (SMEs) banking in Pakistan for higher GDP growth. Sources told Business Recorder Friday that recently a consultative workshop was or
Published 18 Nov, 2017 12:00am
SBP to develop roadmap for promoting SMEs banking

SBP to develop roadmap for promoting SMEs banking

The State Bank of Pakistan (SBP) has decided to develop a roadmap for the promotion of Small and Medium Enterprises (SMEs) banking in Pakistan for higher GDP growth. Sources told Business Recorder Friday that recently a consultative workshop was or
Published 18 Nov, 2017 12:00am
SBP to develop roadmap for promoting SMEs banking

SBP to develop roadmap for promoting SMEs banking

The State Bank of Pakistan (SBP) has decided to develop a roadmap for the promotion of Small and Medium Enterprises (SMEs) banking in Pakistan for higher GDP growth. Sources told Business Recorder Friday that recently a consultative workshop was or
Published 18 Nov, 2017 12:00am
WHT statements: date extended till November 22

WHT statements: date extended till November 22

The Federal Board of Revenue (FBR) has extended the date for filing of October 2017 withholding tax statements, due on November 15, 2017, till November 22, 2017. According to a FBR circular issued here on Friday, in exercise of powers conferred under Sect
Published 18 Nov, 2017 12:00am
WHT statements: date extended till November 22

WHT statements: date extended till November 22

The Federal Board of Revenue (FBR) has extended the date for filing of October 2017 withholding tax statements, due on November 15, 2017, till November 22, 2017. According to a FBR circular issued here on Friday, in exercise of powers conferred under Sect
Published 18 Nov, 2017 12:00am
WHT statements: date extended till November 22

WHT statements: date extended till November 22

The Federal Board of Revenue (FBR) has extended the date for filing of October 2017 withholding tax statements, due on November 15, 2017, till November 22, 2017. According to a FBR circular issued here on Friday, in exercise of powers conferred under Sect
Published 18 Nov, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (November 17, 2017).

Published 18 Nov, 2017 12:00am
Ahmadis/Lahori Group: Senate passes amendment to law

Ahmadis/Lahori Group: Senate passes amendment to law

An amendment to Elections Act, 2017 the [The Elections (Amendment) Bill, 2017] was unanimously passed by the Senate on Friday, incorporating the provisions of Articles 7B and 7C of the Conduct of General Elections Order-2002 with regard to the status of A
Published 18 Nov, 2017 12:00am
Ahmadis/Lahori Group: Senate passes amendment to law

Ahmadis/Lahori Group: Senate passes amendment to law

An amendment to Elections Act, 2017 the [The Elections (Amendment) Bill, 2017] was unanimously passed by the Senate on Friday, incorporating the provisions of Articles 7B and 7C of the Conduct of General Elections Order-2002 with regard to the status of A
Published 18 Nov, 2017 12:00am
Lieutenant-General Javed (retd) becomes Chairman SSGC

Lieutenant-General Javed (retd) becomes Chairman SSGC

Lieutenant General Javed Zia (retd) took over as Chairman, Sui Southern Gas Company (SSGC) on November 16, 2017. He replaces Dr Miftah Ismail who served as the Company's Chairman from November 7, 2013 to October 18, 2017. Born in Karachi on February 23, 1
Published 18 Nov, 2017 12:00am
Lieutenant-General Javed (retd) becomes Chairman SSGC

Lieutenant-General Javed (retd) becomes Chairman SSGC

Lieutenant General Javed Zia (retd) took over as Chairman, Sui Southern Gas Company (SSGC) on November 16, 2017. He replaces Dr Miftah Ismail who served as the Company's Chairman from November 7, 2013 to October 18, 2017. Born in Karachi on February 23, 1
Published 18 Nov, 2017 12:00am
Lieutenant-General Javed (retd) becomes Chairman SSGC

Lieutenant-General Javed (retd) becomes Chairman SSGC

Lieutenant General Javed Zia (retd) took over as Chairman, Sui Southern Gas Company (SSGC) on November 16, 2017. He replaces Dr Miftah Ismail who served as the Company''s Chairman from November 7, 2013 to October 18, 2017. Born in Karachi on February 23,
Published 18 Nov, 2017 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

The rupee did not budge any side against the dollar on the money market on Friday in the process of trading, dealers said.
Published 18 Nov, 2017 12:00am
Abandoning confrontation

Abandoning confrontation

Two back to back meetings of the PML-N high command in Lahore on November 12 and 13, 2017 reviewed the party's strategy for the cases the Sharifs are facing in the courts and in the run up to the 2018 elections. The two issues are linked since the aggress
Published 18 Nov, 2017 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

The rupee did not budge any side against the dollar on the money market on Friday in the process of trading, dealers said.
Published 18 Nov, 2017 12:00am
Hesitation to share data with provinces

Hesitation to share data with provinces

Petroleum Division of the Ministry of Energy has expressed its inability to share real-time data on oil and gas at the request of Khyber Pakhtunkhwa (KPK) and Sindh governments ostensibly for technical reasons. The technical reasons were not elaborated up
Published 18 Nov, 2017 12:00am
Pakistan development update
Exchange

Pakistan development update

The World Bank launched its Pakistan Development Update last week, which is a twice-a-year publication shedding light on the state of the country's economy and its future prospects. In these times when the state of Pakistan's economy is a subject of wides
Published 18 Nov, 2017 12:00am
Saudi-Iran dispute unlikely to take Israel to war: analysts
Exchange

Saudi-Iran dispute unlikely to take Israel to war: analysts

A rare interview given by a top Israeli general to a Saudi-owned news site has raised speculation of joint military action against Iran and its allies, but analysts say it appears unlikely. Though Saudi Arabia and Israel have no official diplomatic ties,
Published 18 Nov, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 17, 2017).

Published 18 Nov, 2017 12:00am
Oil giants unlikely to share coal's fate, for now

Oil giants unlikely to share coal's fate, for now

The Norwegian sovereign wealth fund's proposal to ditch its oil and gas shares, though hugely symbolic in the battle against climate change, is unlikely to cause a rush to the exit by major investors in the sector in the short term. The move by the $1 tri
Published 18 Nov, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 17, 2017).

Published 18 Nov, 2017 12:00am
An unrepentant Nawaz

An unrepentant Nawaz

Nawaz Sharif, despite having been given fair trials by the Supreme Court of Pakistan, failed to prove his innocence. He even chose to malign the country's Judiciary and the armed forces. It is most unbecoming of him, that after having been the Prime Minis
Published 18 Nov, 2017 12:00am
Pakistan dispatches relief goods to Iran

Pakistan dispatches relief goods to Iran

Pakistan has dispatched a C130 plane carrying relief assistance for the people affected by the deadly earthquake that struck Iran on November 12, 2017 and wreaked havoc, particularly in the Western Iranian province of Kermanshah, Foreign Office said. The
Published 18 Nov, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (November 17, 2017)

Published 18 Nov, 2017 12:00am
Indian envoy summoned over ceasefire violations

Indian envoy summoned over ceasefire violations

Pakistan summoned top Indian diplomat on Friday and lodged a strong protest over killing of two civilians and injuries to five others due to unprovoked ceasefire violations. According to a Foreign Office statement, Director General South Asia and SAARC) D
Published 18 Nov, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (November 17, 2017).

Published 18 Nov, 2017 12:00am
Malala among UK's 150 most influential women

Malala among UK's 150 most influential women

Nobel laureate Malala Yousufzai has been included in UK's 150 most influential women in a list recently published by Harper's Bazaar. The list titled "Bazaar 150 Visionary Women" includes influential female leaders in the UK which span across industries r
Published 18 Nov, 2017 12:00am
FC may be deployed to protect Karak's gas installations

FC may be deployed to protect Karak's gas installations

The government is likely to deploy Frontier Constabulary (FC) personnel to guard the infrastructure of natural gas in district Karak and help arrest gas losses in the high deficit areas of the Sui Northern Gas Pipeline Limited (SNGPL). Talking to this scr
Published 18 Nov, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (November 17, 2017).

Published 18 Nov, 2017 12:00am
The Weather

The Weather

The weather report on Friday (November 17, 2017) and the forecast for Saturday (November 18, 2017).

Published 18 Nov, 2017 12:00am
Reliable partners needed to promote Pak-Thai trade ties: TPCC
Exchange

Reliable partners needed to promote Pak-Thai trade ties: TPCC

President of Thai-Pakistan Chamber of Commerce (TPCC), Firdos Ali has proposed that Karachi Chamber of Commerce and Industry (KCCI) and TPCC should exchange information about reliability of Pakistani and Thai businessman, respectively, because this practi
Published 18 Nov, 2017 12:00am
No new polio case reported this year: Jhagra

No new polio case reported this year: Jhagra

Khyber Pakhtunkhwa Governor Engr. Iqbal Zafar Jhagra has said that it is a great achievement that no new case of polio was reported during the current year and directed the concerned officials to continue efforts for maintaining this achievement. He was p
Published 18 Nov, 2017 12:00am
Conference on food safety to be held on November 22

Conference on food safety to be held on November 22

Pakistan Council of Scientific & Industrial Research (PCSIR) under Ministry of Science and Technology in collaboration with Nestlé Pakistan is organizing a National Conference tilted "Food Safety and Harmonization: shaping a Healthier Nation" to be held o
Published 18 Nov, 2017 12:00am
Key suspect in Lal Shahbaz Qalandar shrine attack arrested

Key suspect in Lal Shahbaz Qalandar shrine attack arrested

A key suspect involved in the bloody suicide attack targeting the shrine of Lal Shahbaz Qalandar in Sehwan earlier this year was arrested in a joint operation conducted by the Rangers and Counter-Terrorism Department (CTD) in Mangopir on Friday. CTD Deput
Published 18 Nov, 2017 12:00am
PSX suspends all trading terminals of Din Capital Ltd
Exchange

PSX suspends all trading terminals of Din Capital Ltd

Pakistan Stock Exchange (PSX) has suspended all trading terminals of M/s Din Capital Limited with immediate effect. The PSX, in a notice issued by Abbas Mirza, acting Chief Regulatory Officer of the PSX, informed all market participants that the Securitie
Published 18 Nov, 2017 12:00am
Shell Pakistan marks 'Global Entrepreneurship Week'

Shell Pakistan marks 'Global Entrepreneurship Week'

To celebrate Global Entrepreneurship Week, Shell Tameer - Shell's social investment programme that enables young people to start their own businesses in collaboration with the Institute of Business Management (IoBM) Entrepreneurship Society conducted a pa
Published 18 Nov, 2017 12:00am
Non-life insurance sector's profitability nosedives by 32 percent

Non-life insurance sector's profitability nosedives by 32 percent

Profitability of listed non-life insurance sector during third quarter of 2017 was down 32 percent on year-on-year basis to Rs 1.9 billion due to sharp fall in investment income. Investment income of the sector that remains a major contributor to sector's
Published 18 Nov, 2017 12:00am
BPF urges government to accept TLYR's demands

BPF urges government to accept TLYR's demands

The Businessman and Profession Forum (BPF) on Friday urged the federal government to accept the demands of protestors of Islamabad and dismiss the federal law minister and others for removal of Khatam-e-Nabuwat sections from the Election Act 2017.
Published 18 Nov, 2017 12:00am
US CG highlights history of Pak-US ties
Exchange

US CG highlights history of Pak-US ties

The Consul General of the United States in Karachi Grace Shelton travelled to Ghotki from November 14-16 to highlight the historic and ongoing ties between the United States and the people of Sindh. In Ghotki, she met with federal, provincial, and local o
Published 18 Nov, 2017 12:00am
Bilawal lauds Dr Asim's services for PPP

Bilawal lauds Dr Asim's services for PPP

Chairman, Pakistan Peoples Party (PPP), Bilawal Bhutto Zardari has appreciated the services of Dr Asim Hussain for the party. "Dr Asim Hussain worked with dedication for PPP as Karachi Division President despite poor health conditions during his incarcera
Published 18 Nov, 2017 12:00am
18,000 schools sans potable water in Sindh

18,000 schools sans potable water in Sindh

About 18,000 schools in Sindh have almost no access to potable drinking water, in a province where a huge percentage of the population is compelled to consume untreated water. The main reason of this is lack of laboratories and trained staff, Advocate Sha
Published 18 Nov, 2017 12:00am
Saudi Arabia eying investment in CPEC, Gwadar Port: envoy
Exchange

Saudi Arabia eying investment in CPEC, Gwadar Port: envoy

Ambassador of Saudi Arabia to Pakistan Nawaf Saeed Ahmad Al-Malkiy on Friday made a historic visit to the Lahore Chamber of Commerce & Industry (LCCI) and vowed to make the both brotherly Islamic countries stronger than ever trade partners. The Ambassador
Published 18 Nov, 2017 12:00am
Police claim arrest of key suspect in MQM leader's murder

Police claim arrest of key suspect in MQM leader's murder

Police on Friday claimed to have arrested a suspect who allegedly killed an official of the Muttahida Qaumi Movement last month. Dr Noshad was shot dead in a targeted attack in Hyderabad on October 25 this year. Police officials said Shahid Abbasi alias S
Published 18 Nov, 2017 12:00am
SU announces LLB 2016 results

SU announces LLB 2016 results

SU Controller of Examinations (Annual) has announced the result of LLB, Part-I, II and III annual examinations 2016. According to these results in Part-I 1206 out of 2962 candidates have passed the examination, whereas, 1580 candidates have failed, 94 can
Published 18 Nov, 2017 12:00am
Barsi of Qulb-e-Abbas

Barsi of Qulb-e-Abbas

The 6th Barsi of Qulb-e-Abbas son of Senior Secretary Punjab Assembly Rai Mumtaz Hussain was held here Friday. A large number of journalists, officials of Punjab Assembly praying for the departed soul were present on the occasion.
Published 18 Nov, 2017 12:00am
PINS: Dr Fauzia appointed associate professor

PINS: Dr Fauzia appointed associate professor

Dr Fauzia Sajjad has become the first women in the field of neurosurgery, who has been appointed Associate Professor in the Punjab Institute of Neuro Sciences, Lahore General Hospital. Dr Fauzia Sajjad completed her FCPS in year 2006 and got training of N
Published 18 Nov, 2017 12:00am
PakLab moot from December 9 in Lahore

PakLab moot from December 9 in Lahore

The first Pakistan International Laboratory and Analytical Equipment Exhibition named PakLab 2017 will be held here at Expo Centre on December 9 & 10. Seminar and exhibition will be held in the event. Apart from other topics, speakers will highlight indus
Published 18 Nov, 2017 12:00am
MCB Bank signs MoU with TMF

MCB Bank signs MoU with TMF

MCB Bank, one of the largest & most innovative banks in Pakistan, has entered into a strategic alliance with leading Sindh-based microfinance service provider Thardeep Microfinance Foundation (TMF)for digital financial services. At the signing ceremony, F
Published 18 Nov, 2017 12:00am
KP notifies procedure for shooting partridge

KP notifies procedure for shooting partridge

Chief Conservator Wildlife, Peshawar, Khyber Pakhtunkhwa has notified procedure for shooting of partridges during 2017-18 season. The procedure has been notified in exercise of the powers conferred by Section 55 (b) of the Khyber Pakhtunkhwa Wildlife and
Published 18 Nov, 2017 12:00am
Punjab introduces plan for health sector reforms

Punjab introduces plan for health sector reforms

Provincial Minister for Primary & Secondary Healthcare Khawaja Imran Nazir said on Friday that the Punjab government has introduced health sector reforms programme aimed at provision of quality healthcare facilities to the masses. He was addressing the in
Published 18 Nov, 2017 12:00am
Chitral's Landa Bazaar: fire engulfs 60 shops, three houses

Chitral's Landa Bazaar: fire engulfs 60 shops, three houses

A huge fire destroyed at least 60 shops, three houses, and vehicles in Chitral's Landa Bazaar situated in Darosh area. Police said the fire erupted due to unknown reasons which spread to the whole market rapidly. The fire also engulfed nearby houses. Four
Published 18 Nov, 2017 12:00am
Justice Yawar Ali takes oath as LHC acting CJ

Justice Yawar Ali takes oath as LHC acting CJ

Justice Muhammad Yawar Ali of the Lahore High Court on Friday took oath as acting chief justice as Chief justice Syed Mansoor Ali Shah has left the country to attend a conference at London. Senior judge Justice Muhammad Anwarul Haq administered oath to Ju
Published 18 Nov, 2017 12:00am
Rabi-ul-Awwal moon sighting likely on November 19

Rabi-ul-Awwal moon sighting likely on November 19

The Met Office has said that the new moon of Rabi-ul-Awwal, 1439 AH will be born on crossing conjunction point at 16-42 PST on 18-11-2017. According to astronomical parameters, there is a chance of sighting the new moon of Rabi-ul-Awwal, 1439 AH on the ev
Published 18 Nov, 2017 12:00am
Oman Air announces special offers to celebrate national day

Oman Air announces special offers to celebrate national day

To mark The National Day, Oman Air is running a special sale with up to 47 percent off its fares - this is available to book until 20th November and travel must be completed by 31st May 2018. The offer is valid from Muscat International Airport and Salala
Published 18 Nov, 2017 12:00am
Barcoding & serialization: pharma industry hails Drap's move

Barcoding & serialization: pharma industry hails Drap's move

The pharma industry has commended the Drug Regulatory Authority of Pakistan (DRAP) on implementation of 'barcoding and serialization' to eventually help contain the menace of counterfeit and spurious drugs, however, it has some serious issues with the imp
Published 18 Nov, 2017 12:00am
PSCA's e-ticketing project in the doldrums

PSCA's e-ticketing project in the doldrums

The much hyped "e-ticketing programme" of the Punjab Safe Cities Authority (PSCA) and the City Traffic Police (CTP) Lahore to bring down traffic violations in the provincial capital through this project is yet to be launched officially even after a span o
Published 18 Nov, 2017 12:00am
More rain with snowfall forecast for today

More rain with snowfall forecast for today

As the up-country and Balochistan province are in the grip of severe cold the Met Office has said that a shallow westerly wave is still affecting upper parts of the country and likely to persist during next 24 hours. Met Office weather forecast for today:
Published 18 Nov, 2017 12:00am
PPDWP okays seven uplift schemes

PPDWP okays seven uplift schemes

The Punjab Provincial Development Working Party (PPDWP) approved seven development schemes of various sectors with an estimated cost of Rs 13.9 billion, here on Friday including establishment of Institute of Urology and Transplantation, Rawalpindi (Revise
Published 18 Nov, 2017 12:00am
National anti-polio drive from November 20

National anti-polio drive from November 20

The five-day national polio eradication drive will get underway from all over Punjab from Monday, said Minister for Primary and Secondary Healthcare Khawaja Imran Nazir. The provincial emergency operations centre has constituted over 44,000 teams who will
Published 18 Nov, 2017 12:00am
Punjab to launch cleanliness drive at UC level

Punjab to launch cleanliness drive at UC level

The Punjab government has decided to launch Khadim-e-Punjab Saaf Dehat Programme under which an elaborate system of cleanliness will be introduced at the level of the union councils in villages of Punjab. The programme had been launched under Rural Develo
Published 18 Nov, 2017 12:00am
UBG to have a clean sweep in FPCCI polls: S M Munir

UBG to have a clean sweep in FPCCI polls: S M Munir

Patron-in-Chief of the United Business Group (UBG) & former Chief Executive Officer of the Trade Development Authority of Pakistan, S.M. Munir said that UBG will make a clean sweep in the elections of Federation of Pakistan Chambers of Commerce & Industry
Published 18 Nov, 2017 12:00am
Government urged to bring 3.5 million non-tax filers into tax net

Government urged to bring 3.5 million non-tax filers into tax net

The United Business Group (UBG) on Friday strongly demanded of the government to bring at least 3.5 million non-tax fillers identified by the Federal Board of Revenue (FBR) into the tax net to strengthen the national economy. UBG Chairman Iftikhar Ali Mal
Published 18 Nov, 2017 12:00am
Faiz International Festival begins at Alhamra

Faiz International Festival begins at Alhamra

The inaugural ceremony of the three-day Faiz International Festival held at the Alhamra Art Centre on Friday noon. Human Rights and peace activist I A Rehman inaugurated the festival along with Salima Hashmi, Muneeza Hashmi and Adeel Hashmi. Rehman paid t
Published 18 Nov, 2017 12:00am
LUMHS marks 'World Diabetic Day'

LUMHS marks 'World Diabetic Day'

To mark the World Diabetic Day (November 14), a public awareness walk followed by a seminar was held at Liaquat University of Medical & Health Sciences (LUMHS) Jamshoro, here on Friday. While addressing the participants of the seminar, LUMHS Vice Chancell
Published 18 Nov, 2017 12:00am
Indonesian envoy for expanding bilateral ties with Pakistan

Indonesian envoy for expanding bilateral ties with Pakistan

Indonesia and Pakistan are committed to bolster cooperation in various venues to further expand existing excellent bilateral relations. Ambassador of the Republic of Indonesia Iwan S Amri stated this during a reception organized here at a hotel to celebra
Published 18 Nov, 2017 12:00am
IHC directs to clear Faizabad Interchange by today

IHC directs to clear Faizabad Interchange by today

Islamabad High Court Friday issued directives to Islamabad Capital Territory administration to clear Faizabad Interchange from protestors of Tehreek Labbaik Ya Rasool Allah (TLYR) in order to protect guaranteed fundamental rights of citizens by Saturday m
Published 18 Nov, 2017 12:00am
Government fails to give extension or appoint PTA officials

Government fails to give extension or appoint PTA officials

The government has failed either to give extension or appoint new chairman and Member (Finance) of Pakistan Telecommunication Authority (PTA), after their tenure expired on November 13, 2017 and September 26, 2017 respectively. Official sources revealed t
Published 18 Nov, 2017 12:00am
PTI issues show-cause notice to MNA Kundi

PTI issues show-cause notice to MNA Kundi

Pakistan Tehreek-e-Insaf (PTI) said on Friday that it has given a show cause notice to its dissident MNA Dawar Khan Kundi after receiving complaints of violating party discipline against him. PTI Central Information Secretary Shafqat Mehmood said that Kun
Published 18 Nov, 2017 12:00am
UPR highlights serious human rights failures in Pakistan

UPR highlights serious human rights failures in Pakistan

Pakistan's third Universal Periodic Review (UPR) has drawn global attention to a number of serious human rights failures in the country, said the International Commission of Jurists (ICJ) on Friday. According to a press release issued here, the UPR Workin
Published 18 Nov, 2017 12:00am
TDAP's advice on EU's REX system

TDAP's advice on EU's REX system

The Trade Development Authority of Pakistan has re-informed local exporters to countries of the European Union and Switzerland and Norway to get themselves registered with the EU's REX (Registered Exporters) System by December 31. In a detailed statement
Published 18 Nov, 2017 12:00am
'Orient Rental Modaraba' starts trading at PSX
Exchange

'Orient Rental Modaraba' starts trading at PSX

The formal trading of newly listed 'Orient Rental Modaraba' shares has started on Pakistan Stock Exchange on Friday. A ceremony was held at the main trading hall of the Pakistan Stock Exchange to mark the entry of Orient Rental Modaraba with rental busine
Published 18 Nov, 2017 12:00am
International moot on 'Sindh Studies' on Monday

International moot on 'Sindh Studies' on Monday

The first two-day international conference on "Sindh Studies" organized by Institute of Sindhology, University of Sindh, Jamshoro will be commencing at Sindhology premises on Monday. Leader of the opposition in National Assembly of Pakistan Syed Khursheed
Published 18 Nov, 2017 12:00am
Zamindar likely to become BoI chief

Zamindar likely to become BoI chief

The cabinet has approved the decision to move Naeem Y Zamindar's report to the Prime Minister as the new chairman of the Board of Investment. He is a results-driven CEO with experience in venture capital and building businesses in public and private compa
Published 18 Nov, 2017 12:00am
Tax exemption certificates: FBR introduces online verification services

Tax exemption certificates: FBR introduces online verification services

The Federal Board of Revenue (FBR) on Friday introduced 'Online Verification Services' for the taxpayers for verification of exemption certificates. According to the FBR announcement here on Friday, taxpayer may verify details of exemption certificates wi
Published 18 Nov, 2017 12:00am
MoC seeks stakeholders' inputs to devise STPF

MoC seeks stakeholders' inputs to devise STPF

The Ministry of Commerce (MoC) has invited inputs from all public and private sectors stakeholders for inclusion in the Strategic Trade Policy Framework (STPF) 2018-23 and for this purpose approaching chambers and trade associations. Five-Year STPF 2018-2
Published 18 Nov, 2017 12:00am
National Accountability Law: Parliamentary body's meeting put off

National Accountability Law: Parliamentary body's meeting put off

The 20th meeting of the Parliamentary Committee on National Accountability Law was postponed till Monday without taking any agenda item. Chairman Zahid Hamid postponed the proceeding of the committee after Pakistan People's Party (PPP) Senator Farooq H Na
Published 18 Nov, 2017 12:00am
Nepra may approve Rs 2.21 unit refund to consumers

Nepra may approve Rs 2.21 unit refund to consumers

The National Electric Power Regulatory Authority (Nepra) is likely to approve a refund of Rs 2.21 per unit to the consumers of power Distribution Companies (Discos) for October 2017 under monthly fuel adjustment formula. The refund has been recommended by
Published 18 Nov, 2017 12:00am
French parliamentarians to visit Pakistan in December
Exchange

French parliamentarians to visit Pakistan in December

A delegation of five French parliamentarians is all set to visit Pakistan next month and it would be led by member and the newly appointed President of the France Pakistan Friendship Group in the French National Assembly Jean Bernard Sempastous. Ambassado
Published 18 Nov, 2017 12:00am
Rabbani terms delay in new NFC award 'unconstitutional'

Rabbani terms delay in new NFC award 'unconstitutional'

Senate Chairman Raza Rabbani Friday reiterated that the National Finance Commission (NFC) is the basis of federalism and persistent delay in announcing new NFC Award is unconstitutional. In an 18-page detailed ruling about delay in announcing NFC award wh
Published 18 Nov, 2017 12:00am
Brokers to file monthly statements of capitals: SECP
Exchange

Brokers to file monthly statements of capitals: SECP

The Securities and Exchange Commission of Pakistan (SECP) has proposed that securities brokers and futures brokers shall maintain minimum liquid capital and file monthly statements of net capital balance and liquid capital with the securities exchange or
Published 18 Nov, 2017 12:00am
PTAA asks FBR to extend returns' filing date for companies

PTAA asks FBR to extend returns' filing date for companies

Pakistan Tax Advisors Association (PTAA) has requested Federal Board of Revenue (FBR) to extend date filing of Income Tax Returns for companies till November 30, 2017. According to a communication of Javed Iqbal Qazi Chairman PTAA here on Friday, Federal
Published 18 Nov, 2017 12:00am
US MIDDAY: gold at one-month top

US MIDDAY: gold at one-month top

Gold jumped to a one-month high on Friday as the dollar softened on uncertainty about the progress of a proposed overhaul of the US tax code that would be the biggest since the 1980s. "With the ultimate fate of tax reform in Congress in serious doubt and
Published 18 Nov, 2017 12:00am
Court fungus ruling casts shadow over Egypt grain imports

Court fungus ruling casts shadow over Egypt grain imports

Egypt's agriculture ministry said on Wednesday it was awaiting a cabinet ruling after a court reinstated a ban on wheat imports containing the common ergot fungus, renewing uncertainty over a policy that has disrupted trade. The world's largest wheat buye
Published 18 Nov, 2017 12:00am
US green coffee stocks take biggest monthly drop in two years

US green coffee stocks take biggest monthly drop in two years

US green coffee stocks made their biggest monthly drop in two years in October, data from the Green Coffee Association (GCA) showed on Wednesday, taking inventory levels to a six-month low as exports from the world's biggest grower lagged. Reported stocks
Published 18 Nov, 2017 12:00am
Gold gains in Europe

Gold gains in Europe

Gold rose on Friday as the dollar softened on uncertainty about the progress of what would be the biggest overhaul of US taxes since the 1980s. The US House of Representatives approved on Thursday a package of tax cuts, while a Senate panel advanced its v
Published 18 Nov, 2017 12:00am
Gold rises in Asia

Gold rises in Asia

Gold edged higher on Friday as the dollar weakened following a report that US President Donald Trump's 2016 election campaign was subpoenaed for documents containing specified Russian keywords from more than a dozen officials. Investigators looking into p
Published 18 Nov, 2017 12:00am
Gold dips in New York

Gold dips in New York

Gold prices were slightly lower on Thursday, trading in a tight range as the US House of Representatives passed its version of sweeping tax cuts and investors weighed possible changes in fiscal policy against the impact of an expected rise in US interest
Published 18 Nov, 2017 12:00am
Palm oil down
Currency

Palm oil down

Malaysian palm oil futures fell on Friday, in line for their sixth decline in seven sessions, weighed down by a stronger ringgit and expectations of rising production. Gains in the ringgit, palm's currency of trade, usually make the edible oil more expens
Published 18 Nov, 2017 12:00am
Raw sugar extends rally; cocoa, coffee down

Raw sugar extends rally; cocoa, coffee down

Raw sugar futures on ICE extended gains to reach the highest in 5-1/2 months on Friday, as funds covered their short positions and the breach of technical resistance attracted further chart-based buying. Coffee and cocoa prices dropped, bucking the trend
Published 18 Nov, 2017 12:00am
Rubber rises
Exchange

Rubber rises

Benchmark TOCOM rubber futures gained about 1 percent on Friday morning after hitting their lowest in nearly five years in night trading amid worries about oversupply and a slowing economy in top buyer China. The Tokyo Commodity Exchange rubber contract f
Published 18 Nov, 2017 12:00am
Oil rises over 2 percent, still set for first weekly fall in six

Oil rises over 2 percent, still set for first weekly fall in six

Oil rose more than 2 percent on Friday as a major US crude pipeline was shut and traders anticipated an Opec deal to extend curbs on production, but prices remained on track for a weekly loss after five sessions of declines. Prices were still headed for t
Published 18 Nov, 2017 12:00am
Nickel gains capped by caution over high inventories, copper up
Exchange

Nickel gains capped by caution over high inventories, copper up

Nickel and copper led the base metals complex higher on Friday, supported by a softer dollar, though both metals ended the week lower. Benchmark copper on the London Metal Exchange closed 0.6 percent up at $6,777 a tonne but was off by half a percent on t
Published 18 Nov, 2017 12:00am
Shanghai nickel down; copper, zinc rise
Exchange

Shanghai nickel down; copper, zinc rise

Shanghai nickel prices fell on Friday on worries about growth in Chinese steel markets, with the sector heading into a low consumption period over winter. The base metal, used widely to help make stainless steel, closed the week down 7 percent on the Shan
Published 18 Nov, 2017 12:00am
New York cotton futures gain on strong export sales data
Cotton

New York cotton futures gain on strong export sales data

ICE cotton futures rose on Thursday to mark its biggest one-day percentage gain in a week, on robust export sales data from the US Department of Agriculture (USDA). Cotton contracts for March settled up 0.34 cent, or 0.49 percent - its highest since Novem
Published 18 Nov, 2017 12:00am
North Korea rules out talks on nuclear weapons

North Korea rules out talks on nuclear weapons

North Korea on Friday ruled out negotiations with Washington as long as joint US-South Korea military exercises continue, and said that Pyongyang's atomic weapons programme would remain as a deterrent against a US nuclear threat. In an interview with Reut
Published 18 Nov, 2017 12:00am
Historic change as Britain names first female 'Black Rod'

Historic change as Britain names first female 'Black Rod'

Britain's state opening of parliament will be managed by a woman for the first time in 650 years, after the appointment on Friday of Sarah Clarke as the first female "Black Rod". Tasked with banging on the House of Commons door to summon MPs to the Queen'
Published 18 Nov, 2017 12:00am
Argentine navy says submarine missing

Argentine navy says submarine missing

Argentina's navy said Friday it has launched a search operation for one of its submarines with a crew of 44 which has been reported missing off the south coast. The navy said it had not had contact with the submarine, the San Juan, for 48 hours.
Published 18 Nov, 2017 12:00am
Mugabe makes defiant appearance after army takeover

Mugabe makes defiant appearance after army takeover

Zimbabwean President Robert Mugabe attended a university graduation ceremony Friday, making a first public appearance since the military takeover that appeared to signal the end of his 37-year reign. Despite his show of defiance, pressure mounted on the 9
Published 18 Nov, 2017 12:00am
Japan railway 'deeply sorry' after train leaves 20 seconds early

Japan railway 'deeply sorry' after train leaves 20 seconds early

A Japanese railway operator has issued a deep apology for the "tremendous nuisance" caused by a train departing 20 seconds early, surprising even a nation renowned for both punctuality and politeness. The Tsukuba Express train linking Tokyo and the capita
Published 18 Nov, 2017 12:00am
Sicilian Mafia 'Beast' Toto Riina dies

Sicilian Mafia 'Beast' Toto Riina dies

Former "boss of bosses" Toto Riina, one of the most feared Godfathers in the history of the Sicilian Mafia, died early Friday after battling cancer, the government said. Riina, who had been serving 26 life sentences and is thought to have ordered more tha
Published 18 Nov, 2017 12:00am
US warns of Christmas terror threat in Europe

US warns of Christmas terror threat in Europe

The United States on Thursday updated its advice to travellers heading for Europe, warning of an increased terrorist threat over the Christmas and New Year holiday season. Washington has a long-standing warning to its citizens to beware extremist attacks
Published 18 Nov, 2017 12:00am
Five dead in Haiti flooding

Five dead in Haiti flooding

Floods caused by two days of torrential rains have left five people dead in Haiti and more than 10,000 homes inundated, authorities said Thursday. Among the victims was a woman in her fifties and a three-year-old girl who were swept away as they tried to
Published 18 Nov, 2017 12:00am
Cambodia hits back at US over opposition party ban

Cambodia hits back at US over opposition party ban

Cambodia on Friday hit back at critics of its ban on the country's main opposition, calling the United States "ringleaders" of an alleged coup plot by the party and threatening to build closer ties with Russia and China. The row emerged after Cambodia's S
Published 18 Nov, 2017 12:00am
Iraq forces retake last IS-held town

Iraq forces retake last IS-held town

The Iraqi army retook the last town in the country still held by the Islamic State group on Friday as the jihadists' self-proclaimed "caliphate" faced collapse on both sides of the border with Syria. The lightning recapture of the small Euphrates valley t
Published 18 Nov, 2017 12:00am
Nato sorry after Erdogan pulls troops over Norway incident

Nato sorry after Erdogan pulls troops over Norway incident

Nato apologised to Turkey on Friday after Ankara pulled its troops from a military exercise in Norway to protest incidents deemed insulting to President Recep Tayyip Erdogan and the country's modern founder Mustafa Kemal Ataturk. The alliance's Secretary
Published 18 Nov, 2017 12:00am
After Russian veto, UN weighs bid to save Syria gas attacks probe

After Russian veto, UN weighs bid to save Syria gas attacks probe

The UN Security Council on Friday discussed a fresh bid to extend a UN-led investigation of chemical weapons attacks in Syria, a day after Russia vetoed a renewal of the probe. Japan on Thursday presented a draft resolution that would give the Joint Inves
Published 18 Nov, 2017 12:00am
Six children among 10 killed in shelling near Damascus

Six children among 10 killed in shelling near Damascus

Shelling by the Syrian regime on the rebel-held area of Eastern Ghouta near Damascus Friday killed at least 10 civilians, among them six children, a monitor said. The deaths were the result of the latest bout in an escalating cycle of tit-for-tat attacks
Published 18 Nov, 2017 12:00am
Goffin sets up Federer semi at ATP Finals

Goffin sets up Federer semi at ATP Finals

David Goffin pummelled his good friend Dominic Thiem 6-4, 6-1 to advance to the semi-finals of the ATP Finals on Friday, where he will have the daunting task of facing Roger Federer. The Belgian, who was soundly beaten in his previous round-robin match by
Published 18 Nov, 2017 12:00am
$7.5 millon Schumacher Ferrari sets record: Sotheby's

$7.5 millon Schumacher Ferrari sets record: Sotheby's

Michael Schumacher's Grand Prix-Winning Ferrari sold for $7.5 million in New York on Thursday, setting an auction record for a modern-era Formula One car, Sotheby's said. The seven-time world champion's 2001 Ferrari F2001 sparked furious bidding, roaring
Published 18 Nov, 2017 12:00am
Pujara holds out as India struggle in rain-hit Test

Pujara holds out as India struggle in rain-hit Test

Cheteshwar Pujara stood firm against a relentless Sri Lankan pace attack as India stumbled to 74-5 before rain washed out the second day of the first Test before lunch on Friday. Fast bowler Dasun Shanaka struck twice on a cloudy morning session at Kolkat
Published 18 Nov, 2017 12:00am
Malan century buoys England ahead of Ashes

Malan century buoys England ahead of Ashes

Dawid Malan became England's second century-maker as the tourists built a big lead over Cricket Australia XI in the final Ashes warm-up game in Townsville on Friday. The Middlesex left-hander converted his overnight 57 into 109 as England amassed a first
Published 18 Nov, 2017 12:00am
Australia retain women's Ashes with T20 win over England

Australia retain women's Ashes with T20 win over England

Australia retained the women's Ashes with a six-wicket win over England in the first Twenty20 international in Sydney on Friday. A career-best haul of four for 22 from Megan Schutt restricted England to 132 for nine before Beth Mooney's 86 - the highest s
Published 18 Nov, 2017 12:00am
Badminton great Lee Chong Wei suffers quarters upset

Badminton great Lee Chong Wei suffers quarters upset

Former badminton world number one Lee Chong Wei followed great rival Lin Dan out of the China Open on Friday as he too was on the end of an upset. The 35-year-old Malaysian Lee, whose world ranking has fallen to seven as he approaches the latter stages of
Published 18 Nov, 2017 12:00am
Team Sindh win McDonalds Boys Junior Swimming Championship

Team Sindh win McDonalds Boys Junior Swimming Championship

Under the leadership of its President Shoaib Savul, the Sindh Swimming Association organized and conducted the McDonalds 22nd National Boy's Age-Group Swimming Championship 2017 under the auspices of the Pakistan Swimming Federation at the PNS Karsaz Swim
Published 18 Nov, 2017 12:00am
Moscow tries to quash World Cup hotel shortage fears

Moscow tries to quash World Cup hotel shortage fears

Russian World Cup organisers scrambled on Friday to quash fears that Moscow may run out of hotel space nearly half a year before the start of the marquee football competition. But another problem for the June 14-July 15 event emerged with news that plane
Published 18 Nov, 2017 12:00am
Paine handed shock recall as Australia gamble for Ashes

Paine handed shock recall as Australia gamble for Ashes

Wicketkeeper Tim Paine was handed a shock recall after a seven-year Test absence on Friday as Australia gambled on sweeping changes for the first two Ashes Tests against England. Paine, who has not kept for Tasmania in their opening three Sheffield Shield
Published 18 Nov, 2017 12:00am
Aqeel, Abid in Nayza All-Pakistan Open Tennis final

Aqeel, Abid in Nayza All-Pakistan Open Tennis final

Aqeel Khan and M. Abid qualified the Nayza All-Pakistan Open Tennis Championship men's singles final after defeating their respective opponents in the semifinals played here at the PLTA tennis courts on Friday. In the first semifinal of the day, M. Abid p
Published 18 Nov, 2017 12:00am
Aussie, kiwi under pressure

Aussie, kiwi under pressure

The Australian and New Zealand dollars were both heading for sizable weekly falls on Friday as their yield buffers over the US dollar shrank to the smallest in over 17 years, undermining their appeal as carry trades. The Australian dollar was huddled at $
Published 18 Nov, 2017 12:00am
Sterling trims early gains
Currency

Sterling trims early gains

Sterling inched up on Friday, trimming early gains as investors took profits after the European Union repeated an early December deadline for Prime Minister Theresa May to move on Britain's Brexit divorce bill. European Council President Donald Tusk incre
Published 18 Nov, 2017 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee on Friday closed weaker due to a surge in importer demand for the US currency amid seasonal imports ahead of the year-end festive season and on dollar buying from a foreign bank, dealers said. The market expects higher seasonal import
Published 18 Nov, 2017 12:00am
Most Asian currencies strengthen after Moody's upgrade
Currency

Most Asian currencies strengthen after Moody's upgrade

Most Asian currencies strengthened on Friday with the US dollar weakened by a media report that investigators into possible Russian interference in the 2016 US presidential election had subpoenaed President Donald Trump's election campaign for documents.
Published 18 Nov, 2017 12:00am
Dollar rises against basket of currencies
Currency

Dollar rises against basket of currencies

The US dollar edged higher against a basket of major currencies on Thursday, rebounding from a more than three-week low in the previous session, after the US House of Representatives passed their version of the tax overhaul bill. The dollar index, which m
Published 18 Nov, 2017 12:00am
Dollar set for biggest weekly loss in a month in Europe

Dollar set for biggest weekly loss in a month in Europe

The dollar held near the day's lows against a trade-weighted basket of its rivals on Friday and is set for its biggest weekly loss in more than a month as investors locked in gains awaiting progress of a landmark US tax bill. Congressional Republicans too
Published 18 Nov, 2017 12:00am
Dollar weakens in Asia
Currency

Dollar weakens in Asia

The dollar slipped on Friday, weakened by a Wall Street Journal report that investigators into possible Russian interference in the 2016 US presidential election had subpoenaed President Donald Trump's election campaign for documents. Special Counsel Robe
Published 18 Nov, 2017 12:00am
British stocks fall back as Carillion crashes, Sky soars

British stocks fall back as Carillion crashes, Sky soars

British stocks fell back into the red on Friday, ending a short-lived recovery, as takeover interest boosted Sky and construction firm Carillion plummeted after warning it would breach debt covenants. The FTSE 100 marked its second week of losses as a wor
Published 18 Nov, 2017 12:00am
Southeast Asian markets: Malaysia posts biggest weekly drop in 2017

Southeast Asian markets: Malaysia posts biggest weekly drop in 2017

Most Southeast Asian stock markets ended higher on Friday after a strong overnight finish by Wall Street along with robust local economic data helped fuel investor confidence in the region. Wall Street's main indexes rose sharply overnight on positive ear
Published 18 Nov, 2017 12:00am
Hong Kong shares soar

Hong Kong shares soar

Hong Kong stocks followed Asian markets higher on Friday, with sentiment aided by strong Wall Street earnings and a step forward on US tax reform. The Hang Seng index rose 0.6 percent, to 29,199.04 points, while the China Enterprises Index gained 0.7 perc
Published 18 Nov, 2017 12:00am
Warnings, downgrades weigh as European shares post another weekly fall

Warnings, downgrades weigh as European shares post another weekly fall

Disappointing earnings updates and a series of broker downgrades weighed on European shares on Friday, with regional indexes posting their second weekly fall in a row. Investors have been locking in profits, shrugging off continued strength in economic da
Published 18 Nov, 2017 12:00am
Shanghai stocks have worst week in three months

Shanghai stocks have worst week in three months

Shanghai stocks fell on Friday and posted their worst week in three months, amid worries over the health of the world's second largest economy. The blue-chip CSI300 index rose 0.4 percent for the day, to 4,120.85 points, while the Shanghai Composite Index
Published 18 Nov, 2017 12:00am
German Bund yields set for biggest weekly fall since ECB meeting

German Bund yields set for biggest weekly fall since ECB meeting

Borrowing costs in Germany were set on Friday for their biggest weekly fall since the European Central Bank's meeting three weeks ago sparked a rally across euro zone bond markets. After a sell-off at the tail end of last week, buying of euro zone bonds h
Published 18 Nov, 2017 12:00am
German Bund yields set for biggest weekly fall since ECB meeting

German Bund yields set for biggest weekly fall since ECB meeting

Borrowing costs in Germany were set on Friday for their biggest weekly fall since the European Central Bank's meeting three weeks ago sparked a rally across euro zone bond markets. After a sell-off at the tail end of last week, buying of euro zone bonds h
Published 18 Nov, 2017 12:00am
Treasury two-year yield hit nine-year peak

Treasury two-year yield hit nine-year peak

US Treasury two-year yields hit a nine-year high on Thursday as risk appetite recovered globally and a batch of neutral to solid economic reports put the Federal Reserve on track to raise interest rates in 2018. The rise in two-year yields pushed the curv
Published 18 Nov, 2017 12:00am
Treasury two-year yield hit nine-year peak

Treasury two-year yield hit nine-year peak

US Treasury two-year yields hit a nine-year high on Thursday as risk appetite recovered globally and a batch of neutral to solid economic reports put the Federal Reserve on track to raise interest rates in 2018. The rise in two-year yields pushed the curv
Published 18 Nov, 2017 12:00am
Australian, New Zealand shares rise

Australian, New Zealand shares rise

Australian shares closed firmer on Friday, tracking strength in Wall Street, but they posted their worst week in five months dampened by sliding commodities and financial shares. Wall Street's main indexes rose sharply on Thursday, boosted by earnings opt
Published 18 Nov, 2017 12:00am
Tokyo stocks up after see-saw session

Tokyo stocks up after see-saw session

Tokyo stocks ended higher on Friday after a see-saw session swayed by profit-taking and buying on confidence in corporate earnings. The Nikkei 225 index gained 0.20 percent, or 45.68 points, to 22,396.80. Over the week, the key index lost 1.25 percent, th
Published 18 Nov, 2017 12:00am
Indian shares up

Indian shares up

Indian shares ended higher on Friday after climbing more than 1 percent during the session, after Moody's Investors Service upgraded India's sovereign bond rating for the first time in nearly 14 years. The broader NSE index closed 0.67 percent higher at 1
Published 18 Nov, 2017 12:00am
Slovenia eyes budget surplus in 2018 after decade in red

Slovenia eyes budget surplus in 2018 after decade in red

Slovenia's public finances will be back in the black next year for the first time since the financial crisis, allowing the small eurozone member to roll back austerity and ramp up investment, the government said Thursday. According to the 2018 and 2019 dr
Published 18 Nov, 2017 12:00am
Congo Republic revenues down 31 percent since oil price drop

Congo Republic revenues down 31 percent since oil price drop

Congo Republic's total government revenues have plummeted by 31.3 percent and revenues from the oil sector have fallen 65.1 percent since 2015 due to a slide in global crude prices, the prime minister said on Thursday. The government is negotiating with t
Published 18 Nov, 2017 12:00am
Spreading housing shortage hits over 850,000 people in Germany

Spreading housing shortage hits over 850,000 people in Germany

A housing crisis is spreading in Germany, the Federal Homelessness Association said on Tuesday, forecasting that 1.2 million people could be living in shelters by 2018. The report came amid heightened concern about Germany's rising poverty rate and abilit
Published 18 Nov, 2017 12:00am
EU car sales rev up despite Brexit and 'dieselgate'

EU car sales rev up despite Brexit and 'dieselgate'

Car sales returned to growth in Europe last month, the latest industry data showed on Thursday, but that Brexit and the so-called dieselgate scandal are making their impacts felt. Sales of new vehicles climbed 5.9 percent in October compared to the same m
Published 18 Nov, 2017 12:00am
Philippines economy sizzles in forecast-beating Q3 growth

Philippines economy sizzles in forecast-beating Q3 growth

The Philippine economy clocked forecast-topping growth of 6.9 percent in the third quarter, making it one of Asia's fastest growing and building expectations for a near-term increase in interest rates. The on-year growth, which was above the 6.5 percent f
Published 18 Nov, 2017 12:00am
Buffett's Berkshire slashes IBM stake, adds to Apple

Buffett's Berkshire slashes IBM stake, adds to Apple

Warren Buffett's Berkshire Hathaway Inc has sold another large piece of its stake in IBM Corp, backing further away from an investment that the billionaire has admitted was not one of his best. Berkshire cut its IBM stake 32 percent in the third quarter t
Published 18 Nov, 2017 12:00am
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