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Archive - 2017-11-22
Bonds: getting the price right
Banking

Bonds: getting the price right

To ease the forex mind, Pakistan is looking to access global capital markets for fourth successive year. Reportedly betw
Updated 23 Nov, 2017 06:11am
Skywalk
Featured Photos

Skywalk

A section of "Fudao" skywalk in Fuzhou, capital of southeast China's Fujian Province. The 19km-long overhead footpat
Published 22 Nov, 2017 07:15pm
Kew Gardens
Featured Photos

Kew Gardens

Sculptures, buildings and trees are illuminated at the Kew Gardens light trail at Kew in west London, Britain. &n
Published 22 Nov, 2017 08:30pm
Corn Lovers
Featured Photos

Corn Lovers

Squirrels eating food in a local park. Copyright APP (Associated Press of Pakistan), 2017
Published 22 Nov, 2017 05:45pm
Cement pipes
Featured Photos

Cement pipes

Labourer preparing cement pipes at their workplace. Copyright APP (Associated Press of Pakistan), 2017
Published 22 Nov, 2017 04:20pm
Faizabad sit-in

Faizabad sit-in

The nearly two-week long sit-in by the Tehreek-e-Labbaik Ya Rasool Allah party at the busy Faizabad interchange linking the twin cities of Islamabad and Rawalpindi, causing serious disruptions in daily routines of the public, continues. It has gone on des
Updated 22 Nov, 2017 03:13pm
In deficits we trust
Banking

In deficits we trust

The current account deficit keeps on growing; up by 122 percent to $5.0 billion (4.4% of GDP) in Jul-Oct17. Of course, t
Updated 22 Nov, 2017 02:56pm
UNDP signs US$5.9mn agreement with ECP
Pakistan Top News

UNDP signs US$5.9mn agreement with ECP

ISLAMABAD: Ambassador of Japan to Pakistan, Takashi Kurai, and the Country Director of United Nation Development Pro
Published 22 Nov, 2017 02:40pm
Global efforts to curb tax avoidance
Exchange

Global efforts to curb tax avoidance

In the aftermath of the release of the "Paradise Papers", 200 delegates from 147 countries and jurisdictions met in Yaoundé, Cameroon recently for the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes.
Updated 22 Nov, 2017 11:18am
Boost in business confidence

Boost in business confidence

The latest Business Confidence Index (BCI) sponsored by Overseas Investors Chamber of Commerce and Industry (OICCI) is quite encouraging and indicates very clearly that confidence in Pakistan's economy has improved considerably over the last six months en
Updated 22 Nov, 2017 10:45am
Bullion rates in Multan
Markets

Bullion rates in Multan

MULTAN: Following are the bullion  rates received from markets here on Wednesday. BULLION (PER 10 GRAM) ======
Published 22 Nov, 2017 10:41am
Everything is not hunky-dory

Everything is not hunky-dory

This is apropos a Business Recorder news item "AGP rejects rumours" carried by the newspaper yesterday. According to it, Attorney General for Pakistan (AGP) Ashtar Ausaf Ali has said powers of the president to dissolve assemblies or pardon any conv
Updated 22 Nov, 2017 09:32am
Power debt pile
Power Generation

Power debt pile

The most consistent feature of the entire energy chain in the past many years has undoubtedly been the circular debt. Th
Published 22 Nov, 2017 06:04am
Tokyo stocks open higher
Financial

Tokyo stocks open higher

TOKYO: Tokyo stocks opened higher on Wednesday, tracking rallies on Wall Street, with trade expected to be cautious
Published 22 Nov, 2017 03:47am
Food bank protest staged outside British PM's office

Food bank protest staged outside British PM's office

Campaigners set up a food bank outside British Prime Minister Theresa May's Downing Street residence on Tuesday in a protest against austerity policies on the eve of a new national budget being announced. The demonstration by the People's Assembly Against
Published 22 Nov, 2017 12:00am
Two-day seminar on public-private partnership to begin on November 28

Two-day seminar on public-private partnership to begin on November 28

Defence Export Promotion Organization (DEPO) is organising a two-day Public Private Partnership (PPP) seminar in collaboration with Sustainable Development Policy Institute (SDPI) in Islamabad from November 28 and 29, 2017. The seminar would be inaugurate
Published 22 Nov, 2017 12:00am
Glowing tributes paid to Professor Abdus Salam

Glowing tributes paid to Professor Abdus Salam

A seminar was organized on Tuesday at Government College University (GCU) Lahore, to pay glowing tributes to Pro Abdus Salam for his contributions in the fields of Mathematics and Physics; and the role he played for development of science in Pakistan. Pro
Published 22 Nov, 2017 12:00am
Khushhali Microfinance Bank marks Women's Entrepreneurship Day

Khushhali Microfinance Bank marks Women's Entrepreneurship Day

Khushhali Microfinance Bank, the leading microfinance bank of Pakistan, celebrated the Women's Entrepreneurship Day with the pledge to continue its support for women owned businesses. Celebrated every year on November 19, World Women's Entrepreneurship Da
Published 22 Nov, 2017 12:00am
Permission of partridge hunting withdrawn

Permission of partridge hunting withdrawn

The provincial Wildlife and Parks Department has withdrawn permission of partridge hunting from Jhelum and Sohawa tehsils of the province because of mass scale hunting of the bird soon after the launch of partridge hunting season 2017-18. As per the notif
Published 22 Nov, 2017 12:00am
School timings: notification withdrawn

School timings: notification withdrawn

Punjab Schools Education Department has withdrawn the notification issued on November 07, 2017 regarding the change in school timings in all the public and private educational institutions due to smog in the Punjab with immediate effect. All the education
Published 22 Nov, 2017 12:00am
'Crops' production surges by 8 percent in Punjab'

'Crops' production surges by 8 percent in Punjab'

Secretary Agriculture Punjab Muhammad Mehmood claimed on Tuesday that the agricultural sector grew by 3.5 percent, while the production of different crops increased by 8 percent in Punjab as a result of farmer friendly policies introduced by the governmen
Published 22 Nov, 2017 12:00am
Society must benefit from academic research: Dr Arshad
Cotton

Society must benefit from academic research: Dr Arshad

Higher Education Commission of Pakistan's Executive Director Professor Dr Arshad Ali has said that the benefits of academic research must reach the society and this was one of the basic objectives of academic institutions to do research which could contri
Published 22 Nov, 2017 12:00am
Diabetics urged avoid sedentary lifestyle

Diabetics urged avoid sedentary lifestyle

Leading medical experts at an awareness seminar said on Tuesday that diabetes can be prevented by following a healthy and active lifestyle. The event was organised by Jinnah-Allama Iqbal Institute of Diabetes and Endocrinology (JAIDE) in collaboration wit
Published 22 Nov, 2017 12:00am
NAB gets custody of former ETPB secretary

NAB gets custody of former ETPB secretary

An accountability court on Tuesday allowed the National Accountability Bureau (NAB) to have 10-day physical custody of former secretary of Evacuee Trust Property Board (ETPB) Ameer Khan involved in Rs 985 million corruptions. The NAB officials produced A
Published 22 Nov, 2017 12:00am
Discos to start SMS service to curb wrong billing

Discos to start SMS service to curb wrong billing

On the direction of the Federal government, the Electricity Distribution Companies (DISCOs) are initiating SMS service for consumers for dissemination of information regarding meter reading, bill, and electricity related matters to ensure accurate meter r
Published 22 Nov, 2017 12:00am
CM seeks regional cooperation to tackle smog issue

CM seeks regional cooperation to tackle smog issue

Punjab Chief Minister Muhammad Shahbaz Sharif has sought a regional cooperation agreement to tackle the issue of smog and environment pollution. Shahbaz has written a letter to his Indian counterpart and invited him to enter a regional cooperation agreeme
Published 22 Nov, 2017 12:00am
Government has failed on all fronts, says Siraj

Government has failed on all fronts, says Siraj

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that the government is a failure on all fronts and has become a threat even to the geographical existence of the country. According to media cell of JI Lahore, while addressing a seminar on "the role
Published 22 Nov, 2017 12:00am
Tetra Pak Index highlights new marketing, communication challenges

Tetra Pak Index highlights new marketing, communication challenges

The Tetra Pak Index 2017 highlights new marketing and communication challenges and offers some interesting consumer insights in the wake of ever increasing influence of online and social media. These findings can be very helpful to predict market trends f
Published 22 Nov, 2017 12:00am
Saif Power Limited

Saif Power Limited

Saif Power Limited (PSX: SPWL) is a relatively new IPP, operating under the 2002 Power Policy, on a Build, Own and Operate basis in Sahiwal District of Punjab, Pakistan. It was incorporated on 11 November 2004 as a public limited company under the Compani
Published 22 Nov, 2017 12:00am
Saif Power Limited

Saif Power Limited

Saif Power Limited (PSX: SPWL) is a relatively new IPP, operating under the 2002 Power Policy, on a Build, Own and Operate basis in Sahiwal District of Punjab, Pakistan. It was incorporated on 11 November 2004 as a public limited company under the Compani
Published 22 Nov, 2017 12:00am
Palm oil higher
Vegetable Oil

Palm oil higher

Malaysian palm oil futures rose on Tuesday, reversing a slide to its weakest since mid-August earlier in the day, after top buyer India raised its import duties on vegetable oils. India lifted the import tax on crude palm oil to 30 percent from 15 percent
Published 22 Nov, 2017 12:00am
UK ministers 'agree in principle to higher Brexit bill'

UK ministers 'agree in principle to higher Brexit bill'

Senior British ministers have agreed to offer more money to Brussels in Brexit negotiations, but only as part of a final deal on leaving the EU, a government source said Tuesday. Leading eurosceptics were among ministers who signed off on the idea at a ca
Published 22 Nov, 2017 12:00am
Cotton climbs over 2pc on technical buying, mill fixations
Cotton

Cotton climbs over 2pc on technical buying, mill fixations

ICE cotton futures jumped over 2 percent on Monday, supported by technical buying and mill fixations, as prices crossed a key level for the first time in over two months amid quality concerns about this year's crop. Cotton contracts for March settled up 1
Published 22 Nov, 2017 12:00am
China aluminium plummets
Exchange

China aluminium plummets

China aluminium futures fell sharply on Tuesday to their lowest in more than three months, dragged down by signs of robust global production. The most-traded aluminium contract on the Shanghai Futures Exchange lost 2.45 percent to close at 14,910 yuan ($2
Published 22 Nov, 2017 12:00am
Aluminium slips on doubts over China supply cuts
Exchange

Aluminium slips on doubts over China supply cuts

Aluminium prices fell on Tuesday towards the near-three-month lows hit last week on expectations that the pace of supply cuts from top producer China would slow and demand growth weaken. Benchmark aluminium on the London Metal Exchange ended down 0.2 perc
Published 22 Nov, 2017 12:00am
Oil rises ahead of Opec meeting, capped by rising US output

Oil rises ahead of Opec meeting, capped by rising US output

Oil edged up on Tuesday, supported by expectations that Opec and other producing countries next week would extend output cuts, but signs of higher US crude output kept prices under pressure. "Geopolitical tensions in the Middle East and a deteriorating ma
Published 22 Nov, 2017 12:00am
Rubber rises
Exchange

Rubber rises

Benchmark Tokyo rubber futures rose on Tuesday, snapping a four-session losing streak, as investors looked for bargains after the market hit a five-month low earlier in the session, but gains were capped amid worries over higher stocks and slower economic
Published 22 Nov, 2017 12:00am
PM for intensifying cooperation on CPEC projects

PM for intensifying cooperation on CPEC projects

The Chinese Assistant Foreign Minister, Kong Xuanyou along with his delegation called on the Prime Minister Shahid Khaqan Abbasi on Tuesday at the Prime Minister's Office. Kong is visiting Pakistan for the 8th round of Pakistan-China Strategic Dialogue. A
Published 22 Nov, 2017 12:00am
US MIDDAY: wheat rises

US MIDDAY: wheat rises

Chicago wheat futures rose about 1 percent on Tuesday as a decline in US crop ratings and news of radioactive pollution in the Ural mountains triggered a round of short-covering and concern about wheat exports from Russia, the world's top supplier. Corn a
Published 22 Nov, 2017 12:00am
US MIDDAY: gold edges up

US MIDDAY: gold edges up

Gold bounced up slightly on Tuesday, as a weaker US dollar gave bullion a boost after the previous day's sharp decline and as investors awaited the minutes, due on Wednesday, of the Federal Reserve meeting held in November. Gold benefited from some safe-h
Published 22 Nov, 2017 12:00am
Gold advances in Europe
Currency

Gold advances in Europe

Gold rebounded on Tuesday as investors anticipated signals on the direction of US monetary policy from the minutes of a Federal Reserve meeting held in November. Spot gold was up 0.5 percent at $1,283.03 per ounce, as of 1504 GMT. The metal fell about 1.4
Published 22 Nov, 2017 12:00am
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