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Archive - 2017-11-25
NTC to contest Novatex case with CBSA

NTC to contest Novatex case with CBSA

National Tariff Commission (NTC) is to contest the case of M/s Novatex with Canadian Boarder Services Agency (CBSA) aimed at securing maximum relief for the company against imposition of 45.6 per cent provisional duty on export of PET bottle grade resin,
Updated 28 Nov, 2017 02:54pm
The economy

The economy

In these times of political uncertainty in Pakistan, the country's economy is a matter of great concern. The stability of the rupee against the dollar, dwindling foreign direct investments, Pakistan's declining exports, the fiscal deficit, the increasing
Updated 25 Nov, 2017 02:02pm
Karachi peace Traders for close coordination with LEAs

Karachi peace Traders for close coordination with LEAs

Traders have sought a close coordination with the law enforcing agencies to help keep the existing state of peace across the city's markets. Praising the Sindh Police and Pakistan Rangers (Sindh) for their untiring efforts to defeat target killers and ext
Published 25 Nov, 2017 12:00am
Siemens' net profit stands at Rs 1.103 billion
Exchange

Siemens' net profit stands at Rs 1.103 billion

The net profit of Siemens (Pakistan) Engineering Company stood at Rs 1.103 billion in the year ended September 30, 2017 as compared to Rs 2.103 billion earned in the corresponding period in 2016. The company's earning per share decreased to Rs 133.79 in t
Published 25 Nov, 2017 12:00am
Siemens' net profit stands at Rs 1.103 billion
Exchange

Siemens' net profit stands at Rs 1.103 billion

The net profit of Siemens (Pakistan) Engineering Company stood at Rs 1.103 billion in the year ended September 30, 2017 as compared to Rs 2.103 billion earned in the corresponding period in 2016. The company's earning per share decreased to Rs 133.79 in t
Published 25 Nov, 2017 12:00am
Textile bodies voice concern over delay in DDT claims' procedure
Cotton

Textile bodies voice concern over delay in DDT claims' procedure

Value Added Textile Export Sector's Associations have expressed concern over 'excessive' delays in announcement of procedure for applying Duty Drawback of Taxes (DDT) Claims under the PM Export Package 2017-18 has created 'anxiety' across the industries.
Published 25 Nov, 2017 12:00am
Anti-encroachment drive to be launched in KIA soon: DC

Anti-encroachment drive to be launched in KIA soon: DC

Deputy Commissionaire Korangi District Abdul Wajid Shaikh has assured business community to launch anti-encroachment campaign in Korangi Industrial Area, soon. Speaking at a meeting of Korangi Association of Trade &Industry (KATI) he assured he would take
Published 25 Nov, 2017 12:00am
PBIF chief urges government to reduce gas and power tariffs
Currency

PBIF chief urges government to reduce gas and power tariffs

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has urged the government to implement the export package, pay all the refunds and reduce the prices of electricity and gas so that Pakistan products could be able to compe
Published 25 Nov, 2017 12:00am
AC allows Dr Asim to go abroad for treatment

AC allows Dr Asim to go abroad for treatment

An accountability court on Friday permitted Pakistan Peoples Party (PPP) leader Dr Asim Hussain to travel abroad for treatment. The court exempted the PPP leader from appearing before it in future trial proceedings on medical grounds. The Interior Ministr
Published 25 Nov, 2017 12:00am
Petition against 'Black Friday' referred to information ministry

Petition against 'Black Friday' referred to information ministry

The Lahore High Court on Friday directed a petitioner Naveed Anwar to approach the Ministry of Information and Broadcasting for his grievance against 'Black Friday' observed by shopping malls with special discount offers to attract consumers, especially f
Published 25 Nov, 2017 12:00am
Violations on Canal Road: absence of wardens makes traffic scene chaotic

Violations on Canal Road: absence of wardens makes traffic scene chaotic

The newly-widened Canal Bank Road from Dharmpura to Harbanspura is tempting motorists, especially the youth to drive at a very fast speed, causing severe road accidents on daily basis. In addition, absence of traffic wardens on the route also encourage th
Published 25 Nov, 2017 12:00am
International Day for Elimination of Violence against Women today

International Day for Elimination of Violence against Women today

Like other parts of the globe, the International Day for the Elimination of Violence against Women is being marked here on Saturday (today) with a resolve to continue efforts for putting an end to violence against women. The day is marked every year on No
Published 25 Nov, 2017 12:00am
PML-N has put country on road to progress, says Shahbaz

PML-N has put country on road to progress, says Shahbaz

Punjab Chief Minister Muhammad Shehbaz Sharif Friday said the PML-N government has put the country on the road to development by wriggling it out of the quagmire of crises. While talking to parliamentarians belonging to various districts who called on him
Published 25 Nov, 2017 12:00am
Eid Milad-un-Nabi: over 75,000 security personnel to be deployed

Eid Milad-un-Nabi: over 75,000 security personnel to be deployed

Punjab Inspector General of Police (IGP) Arif Nawaz Khan has directed his subordinates to make foolproof security arrangements for the celebrations of Eid Milad-un-Nabi (PBUH). The IGP issued these directions while chairing a video-link conference of Dist
Published 25 Nov, 2017 12:00am
US Consul General calls on Bilawal

US Consul General calls on Bilawal

Consul General of the United States Elizabeth Kennedy Trudeau called on the Chairman Pakistan Peoples Party Bilawal Bhutto Zardari at Bilawal House on Friday. The US diplomat discussed matters of mutual interests and the ties between the people of two cou
Published 25 Nov, 2017 12:00am
Tevta may provide skilled labours for CPEC projects: Sheikh

Tevta may provide skilled labours for CPEC projects: Sheikh

Chairman Technical Education and Vocational Training Authority (Tevta) Irfan Qaiser Sheikh has said that Tevta is fully ready to fulfil needs of the skilled labour force for China Pakistan Economic Corridor (CPEC) as it has already started several related
Published 25 Nov, 2017 12:00am
ANF reviews steps to combat drug trafficking

ANF reviews steps to combat drug trafficking

Anti Narcotics Force held Force Commanders Conference at Headquarters ANF Rawalpindi under the chairmanship of Director General Major General Musarrat Nawaz Malik HI (M). Force Commanders of all ANF Regional Directorates and Senior Staff Officers attended
Published 25 Nov, 2017 12:00am
PCSW launches 16-day 'Activism Campaign' to end violence against women

PCSW launches 16-day 'Activism Campaign' to end violence against women

Punjab Commission on the Status of Women (PCSW) has launched 16-day Activism Campaign to end violence against women and girls in all over the Punjab. Each year, from November 25 to December 10, the United Nations, international agencies, governments acros
Published 25 Nov, 2017 12:00am
PM hails Mari Petroleum's efforts

PM hails Mari Petroleum's efforts

Prime Minister Shahid Khakan Abbasi during his visit at closing session of Annual Technical Conference and Oil Show 2017, visited the Mari Petroleum Company Limited (MPCL) stall and hailed its efforts being carried out to enhance the oil and gas productio
Published 25 Nov, 2017 12:00am
Murad writes to PM against diversion of Sindh's gas

Murad writes to PM against diversion of Sindh's gas

Chief Minister Murad Ali Shah on Friday asked Prime Minister Shahid Khaqan Abbasi on Friday to allocate the natural gas quota of Sindh's production of up to 2,700 MMCFD, asking for an end to fuel diversion to other provinces without the producer's consent
Published 25 Nov, 2017 12:00am
Shah for setting up of primary education commission

Shah for setting up of primary education commission

Opposition leader Khurshid Ahmed Shah has greatly emphasized on special attention on primary education even so that he proposed the establishment of 'Primary Education Commission.' He was speaking as Chief Guest at the opening ceremony of Silver Jublee Ce
Published 25 Nov, 2017 12:00am
APTMA urges government to lift ban on import of cotton
Cotton

APTMA urges government to lift ban on import of cotton

The All Pakistan Textile Mills Association (APTMA) on Friday demanded of the government to lift the ban on import of cotton from other countries including India as it is expected that demand of cotton for the textile industry will be 15 million bales agai
Published 25 Nov, 2017 12:00am
National Savings-NIFT relationship expands

National Savings-NIFT relationship expands

National Savings is pleased to introduce another important service to facilitate its customers: Withdrawal Slips can now be used for third party payments (utility bills, school fees and other expenses). Previously, these withdrawal slips were merely used
Published 25 Nov, 2017 12:00am
FFC session on better business practices for meeting SDGs
Exchange

FFC session on better business practices for meeting SDGs

Fauji Fertilizer Company Limited (FFC) in collaboration with partners Corporate Social Responsibility Centre Pakistan (CSRCP), Pakistan Stock Exchange (PSX) and United Nations Global Compact (UNGC), Pakistan Network organized a session on Sustainable Deve
Published 25 Nov, 2017 12:00am
Vivo brings selfie-shooter V7 to Pakistan

Vivo brings selfie-shooter V7 to Pakistan

Vivo has unveiled the V7, a new member of the selfie-shooter V series in Pakistan. An exclusive media and bloggers meetup was held in Lahore, where tech enthusiasts and media personnel got the first hands-on experience of Vivo V7. Equipped with advanced t
Published 25 Nov, 2017 12:00am
International travel and tourism expo kicks off

International travel and tourism expo kicks off

Pakistan's tourism industry has begun creeping after having experienced more than a decade-long wave of terrorism as the country's first and the biggest international travel and tourism expo Pakistan Travel Mart (PTM) is being organized in Karachi. It is
Published 25 Nov, 2017 12:00am
Pakistan producing almost 70 percent parts of cars and HCVs: Paapam

Pakistan producing almost 70 percent parts of cars and HCVs: Paapam

Pakistan is producing up to 70 percent auto parts of cars & HCVs, 90 percent of tractors, motorcycles and three wheelers locally for Original Equipment Manufacturers (OEMs) to export and supply in domestic market. The OEMs include Suzuki, Toyota, Honda, H
Published 25 Nov, 2017 12:00am
MMUN 2017 officially opens

MMUN 2017 officially opens

The 3-day Millennial Model United Nations - MMUN 2017 was officially declared open at the Roots Flagship Millennium Campus I/9-3, Islamabad and the Millennium University College TMUC Bahria Springs Rawalpindi here on Thursday. More than 1,500 students fro
Published 25 Nov, 2017 12:00am
Directive to complete power projects before time

Directive to complete power projects before time

Minister of State for Power Ch Abid Sher Ali has directed the heads of power sector entities to complete their ongoing projects well before time. He was chairing a meeting on power system constraints held at WAPDA House Lahore on Friday. Deputy Managing D
Published 25 Nov, 2017 12:00am
RD on 700 items: OASIS allowed to submit arguments in petitions
Exchange

RD on 700 items: OASIS allowed to submit arguments in petitions

Sindh High Court (SHC) has allowed Organisation for Advancement and Safeguard Industrial Sector (OASIS) to submit its arguments in writ petitions against imposition of regulatory duty (RD) on 700 items vide SRO No. 1035 of 2017 of Federal Board of Revenue
Published 25 Nov, 2017 12:00am
NA body suggests government to impose maximum import duty on dry milk

NA body suggests government to impose maximum import duty on dry milk

The National Assembly Standing Committee on Inter-Provincial Coordination has recommended the government to impose maximum import duty on dry milk to give a boost to local livestock industry. The committee met here with Abdul Qahar Khan Wadan in the chair
Published 25 Nov, 2017 12:00am
2,300 kg adulterated spices seized in Pindi

2,300 kg adulterated spices seized in Pindi

Punjab Food Authority (PFA) on Friday seized 2,300 kg contaminated spices from a number of factory stores in Rawalpindi's area of Ganj Mandi. According to a PFA spokesperson, the spices were sold under the brands; Iman, Machli and Mor. He added that sawdu
Published 25 Nov, 2017 12:00am
IPO-Pakistan to be the most important institutions once CPEC completed

IPO-Pakistan to be the most important institutions once CPEC completed

Parliamentary Secretary for Commerce Shaza Fatima Khawaja has said that Intellectual Property Organization (IPO-Pakistan) will become one of the most important institutions once China-Pakistan Economic Corridor (CPEC) will become fully functional. She exp
Published 25 Nov, 2017 12:00am
Terror bid foiled in Landi Kotal

Terror bid foiled in Landi Kotal

The Frontier Corps (FC) bomb disposal unit on Friday thwarted a terror bid and neutralized a magnetic bomb underneath a vehicle carrying local journalists in Landikotal subdivision of Khyber Agency. The development occurred hours after an Additional Inspe
Published 25 Nov, 2017 12:00am
Senators for review of FTAs with China
Cotton

Senators for review of FTAs with China

The lawmakers in Senate on Friday called for immediate review of Free Trade Agreements (FTAs) with China, saying any delay in this regard may turn Pakistan into an industrial zone of China like Kashghar. They insisted that businessmen and traders should b
Published 25 Nov, 2017 12:00am
Pakistan rejects India's self-serving insinuations about JuD chief

Pakistan rejects India's self-serving insinuations about JuD chief

Pakistan on Friday dismissed India's self-serving insinuations related to Jamaat ud Dawa (JuD) chief Hafiz Saeed and reaffirmed its commitment to implementation of UNSC 1267 sanctions regime. Responding to a question regarding comments made by the Indian
Published 25 Nov, 2017 12:00am
Slain Additional IGP laid to rest in Skardu

Slain Additional IGP laid to rest in Skardu

The funeral prayer of the slain Additional IGP Headquarters, Ashraf Noor, was offered at Peshawar and Skardu with full police honor and was later buried in his ancestral village, Skardu.
Published 25 Nov, 2017 12:00am
TLYRA sit-in imbroglio: IHC issues show-cause notice to Ahsan

TLYRA sit-in imbroglio: IHC issues show-cause notice to Ahsan

Islamabad High Court has issued show-cause notice to Interior Minister Ahsan Iqbal when it came to know that he stopped Islamabad Capital Territory (ICT) administration from taking any action against participants of the Tehreek Labbaik Ya Rasool Allah (TL
Published 25 Nov, 2017 12:00am
US MIDDAY: gold tumbles

US MIDDAY: gold tumbles

Gold prices dipped on Friday as some investors locked in profits at the end of the week, and risk appetite strengthened, but expectations hovered that gold prices could move higher next week. Spot gold was down 0.3 percent at $1,287.70 an ounce by 1:46 pm
Published 25 Nov, 2017 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

Chicago Board of Trade wheat futures fell to life-of-contract lows on Friday, pressured by disappointing weekly export sales data and plentiful global supplies, analysts said. Corn and soyabeans futures followed wheat lower, bucking support from strength
Published 25 Nov, 2017 12:00am
Gold dips in Europe

Gold dips in Europe

Gold prices dipped on Friday as some investors locked in profits at the end of the week, but there are expectations that they could move higher next week. Spot gold was down 0.1 percent at $1,289.81 per ounce by 1455 GMT, with the price down 0.3 percent f
Published 25 Nov, 2017 12:00am
Gold unchanged in Asia

Gold unchanged in Asia

Gold prices remained stuck in a narrow range on Friday as the dollar remained under pressure after minutes of the US Federal Reserve's meeting revealed that some policymakers were concerned about lower inflation. Spot gold was nearly unchanged at $1,291.0
Published 25 Nov, 2017 12:00am
Robusta coffee rebounds from 16-month low, raw sugar rises

Robusta coffee rebounds from 16-month low, raw sugar rises

Robusta coffee futures hit a 16-month low on Friday before recouping losses, while sugar prices were boosted partly by energy market gains. January robusta coffee was unchanged at $1,756 a tonne by 1542 GMT after dipping to a low of $1,737, the weakest le
Published 25 Nov, 2017 12:00am
Palm oil rises, weaker ringgit supports
Vegetable Oil

Palm oil rises, weaker ringgit supports

Malaysian palm oil futures rose on Friday evening, marking a second session of gains in five, buoyed by stronger crude oil prices and a weaker ringgit. Losses in the ringgit, palm's currency of trade, supported the edible oil by making it cheaper for hold
Published 25 Nov, 2017 12:00am
Rubber rises
Exchange

Rubber rises

Benchmark Tokyo rubber futures prices hit a one-week high on Friday, marking the first weekly gain in four and buoyed by a gain in Shanghai futures and stronger oil prices. The Tokyo Commodity Exchange (TOCOM) rubber contract for April delivery finished 4
Published 25 Nov, 2017 12:00am
US crude tops two-year high as Keystone outage hits supply

US crude tops two-year high as Keystone outage hits supply

US oil prices hit their highest levels in more than two years on Friday after the continued shutdown of a pipeline running from Canada to the United States was expected to reduce supply into a major storage facility. US West Texas Intermediate crude futur
Published 25 Nov, 2017 12:00am
Copper tops $7,000, helped by weaker dollar and shrinking supply
Currency

Copper tops $7,000, helped by weaker dollar and shrinking supply

The price of copper climbed above $7,000 a tonne and towards a one-month high on Friday, helped by a weaker dollar and shrinking supplies, though concerns over demand from top consumer China capped gains. The US dollar was at its lowest level since late S
Published 25 Nov, 2017 12:00am
Shanghai copper higher
Exchange

Shanghai copper higher

The most-traded copper contract on the Shanghai Futures Exchange finished 0.5 percent higher at 54,340 yuan ($8,239) a tonne on Friday. However other ShFE metals were mixed, with only tin and nickel finishing in positive territory, up 0.9 percent and 1.3
Published 25 Nov, 2017 12:00am
Cotton futures post biggest weekly rise in over two months
Cotton

Cotton futures post biggest weekly rise in over two months

ICE cotton futures rose over 1 percent on Friday in light trade, marking its biggest weekly gain in over two months, after the release of US export sales data amid a weaker dollar. Cotton contracts for March settled up 0.79 cent, or 1.11 percent, at 71.93
Published 25 Nov, 2017 12:00am
Turkey says Trump told Erdogan won't give Syria Kurds more arms

Turkey says Trump told Erdogan won't give Syria Kurds more arms

President Donald Trump has informed Ankara that the US will no longer supply weapons to the Syrian Kurdish militia fighting Islamic State, Turkey's Foreign Minister Mevlut Cavusoglu said Friday. Trump delivered the message during what the Turkish presiden
Published 25 Nov, 2017 12:00am
North Korea replaces guards, fortifies border after defection

North Korea replaces guards, fortifies border after defection

North Korea has replaced dozens of guards and fortified a section of its border with South Korea following the dramatic defection of one of its soldiers last week, a report said Friday. The 24-year-old soldier, identified only by his surname, Oh, is recov
Published 25 Nov, 2017 12:00am
Mnangagwa sworn in as Zimbabwe president

Mnangagwa sworn in as Zimbabwe president

Emmerson Mnangagwa vowed sweeping change as he was sworn in as Zimbabwe's president Friday, seeking to reassure foreign investors and pledging to fight poverty and corruption after Robert Mugabe's shock resignation. In his inaugural address, the new presi
Published 25 Nov, 2017 12:00am
False terror alert sparks fear in London shopping district

False terror alert sparks fear in London shopping district

Armed police rushed to London's busy Oxford Street shopping district on Friday after reports of shots fired sparked fears of a terror incident, but authorities said it was a false alarm. There was panic around Oxford Circus and in its underground station
Published 25 Nov, 2017 12:00am
Kyrgyzstan inaugurates new president Sooronbai Jeenbekov

Kyrgyzstan inaugurates new president Sooronbai Jeenbekov

Kyrgyzstan's new president Sooronbai Jeenbekov was inaugurated Friday in a ceremony marking the first peaceful transfer of power between elected leaders in the Central Asian country. Jeenbekov, 59, a close ally of outgoing Almazbek Atambayev, swore to pro
Published 25 Nov, 2017 12:00am
EU, ex-Soviet states push ties in face of 'hostile' Russia

EU, ex-Soviet states push ties in face of 'hostile' Russia

The EU pledged to deepen ties with six former Soviet states Friday, as part of efforts to counter Russian influence, but warned them they had no chance of joining the bloc any time soon. EU leaders agreed a package of 20 "deliverables" with Ukraine, Georg
Published 25 Nov, 2017 12:00am
May urges EU to 'step forward' for Brexit deal

May urges EU to 'step forward' for Brexit deal

Prime Minister Theresa May urged the EU to "step forward together" with Britain on Friday as the bloc's leaders hoped she would finally offer a compromise to reach a Brexit divorce deal in December. The embattled British premier met German Chancellor Ange
Published 25 Nov, 2017 12:00am
NY Thanksgiving Day parade draws huge crowd amid heightened security

NY Thanksgiving Day parade draws huge crowd amid heightened security

New York's traditional Thanksgiving Day parade brought huge crowds to the city's streets Thursday, packing sidewalks from Central Park to Herald Square even as authorities tightened security following recent terror attacks in the city and elsewhere.
Published 25 Nov, 2017 12:00am
Tusk condemns 'Russia's aggression' after Ukraine deaths

Tusk condemns 'Russia's aggression' after Ukraine deaths

EU President Donald Tusk fired off an angry broadside at the Kremlin Friday, urging European vigilance and condemning "Russia's aggression" in Ukraine after five soldiers were killed there. The spike in fighting coincided with a summit in Brussels between
Published 25 Nov, 2017 12:00am
Myanmar not yet safe for Rohingya refugee return: UN

Myanmar not yet safe for Rohingya refugee return: UN

Conditions for Rohingya refugees to safely return to Myanmar from Bangladesh are not in place, the UN said Friday, a day after the two countries announced repatriation would begin in two months. "UNHCR has not yet seen the details of the agreement", the U
Published 25 Nov, 2017 12:00am
PNG police end standoff with refugees at Australia camp

PNG police end standoff with refugees at Australia camp

Papua New Guinea police wielding metal rods cleared the final 320 holdouts from a shuttered Australian refugee camp Friday, ending a 24-day standoff that put a global spotlight on Canberra's tough policy on asylum-seekers. Videos and photos posted by the
Published 25 Nov, 2017 12:00am
US, South Korea to stage massive air exercise in show of force

US, South Korea to stage massive air exercise in show of force

The United States will send stealth fighters to a large-scale air force drill with South Korea next month, the US military said Friday, in a new show of force aimed at North Korea. The massive five-day annual exercise comes as Washington pushes what Presi
Published 25 Nov, 2017 12:00am
Smith defies England as Australia fight back in Ashes

Smith defies England as Australia fight back in Ashes

Skipper Steve Smith led a rescue mission to revive Australia's fortunes after a top-order batting collapse in the Ashes Test against England in Brisbane on Friday. Home hopes rested on Smith to mount a fighting rearguard after the loss of four wickets in
Published 25 Nov, 2017 12:00am
China U-20 team's German tour halted after Tibet protests

China U-20 team's German tour halted after Tibet protests

The China under-20 team's controversial tour of Germany has been suspended at least until the winter break following a row over the display of Tibetan flags, the German Football Association (DFB) announced on Friday. "We believe this adjournment is essent
Published 25 Nov, 2017 12:00am
Ashwin, Sharma make India shine in Nagpur

Ashwin, Sharma make India shine in Nagpur

Ravichandran Ashwin and Ishant Sharma led a powerful bowling display by India to skittle out Sri Lanka for 205 on the opening day of the second Test. The hosts were 11 for one at the close, trailing by 194 runs, after opener Lokesh Rahul fell for seven, b
Published 25 Nov, 2017 12:00am
China 'back in bed' with golf tours, says Asia CEO

China 'back in bed' with golf tours, says Asia CEO

China has jumped "back in bed" with international golf federations in a bid to help the country's players flourish, according to the CEO of Asia's leading tour. The move to open China's tournaments up to the likes of the PGA Tour, European Tour and Asian
Published 25 Nov, 2017 12:00am
Russia deprived of two more Sochi golds for doping

Russia deprived of two more Sochi golds for doping

The International Olympic Committee has annulled the two titles Russia won in the bobsleigh in the 2014 Sochi Winter Olympics on Friday following hearings by its commission into state-sponsored doping. Alexander Zubkov, a hero in Russia after winning both
Published 25 Nov, 2017 12:00am
Messi maturing with age as he picks up fourth Golden Shoe

Messi maturing with age as he picks up fourth Golden Shoe

Lionel Messi insisted he was getting better with age after receiving the European Golden Shoe award for the fourth time on Friday. The 30-year-old Argentine won the prize for being the top scorer in Europe's leading leagues last season after netting 37 ti
Published 25 Nov, 2017 12:00am
Honda Chenab, Dawood Group post wins in Winter Polo Cup

Honda Chenab, Dawood Group post wins in Winter Polo Cup

Honda Chenab routed Dawood Group by 5-3 to earn place in the main final of the Winter Polo Club 2017 while Dawood Group made way to the subsidiary final here at the Lahore Polo Club (LPC) ground on Friday. Bilal Haye and Ghulam Mustafa Monnoo were the joi
Published 25 Nov, 2017 12:00am
SBBWU win third Mrs Saad Shaheed T20 Women Gold Cup

SBBWU win third Mrs Saad Shaheed T20 Women Gold Cup

Shaheed Benazir Bhutto Women University (SBBWU) clinched the trophy of the dramatically ended final of the 3rd Mrs Saad Shaheed Twenty20 Women Cricket Gold Cup played here at Shaheed Benazir Bhutto Women University on Friday. Director General (DG) Youth A
Published 25 Nov, 2017 12:00am
Robinho given nine-year term for rape

Robinho given nine-year term for rape

Former AC Milan and Real Madrid striker Robinho has been sentenced to nine years in prison in Italy after he was convicted of gang rape, according to local media reports Thursday. The alleged incident occurred in January 2013, when the Brazilian was playi
Published 25 Nov, 2017 12:00am
Sydney in multi-billion-dollar stadium splurge

Sydney in multi-billion-dollar stadium splurge

Sydney's two biggest stadiums will be torn down and rebuilt in a major Aus$2 billion (US$1.5 billion) redevelopment, the state government said Friday, in a controversial move that critics called a waste of money. The 83,500-capacity ANZ Stadium - complete
Published 25 Nov, 2017 12:00am
Aussie, kiwi steady

Aussie, kiwi steady

The Australian dollar paused after three days of gains and its New Zealand cousin hovered near 1-1/2-week highs as the greenback suffered losses on speculation the US Federal Reserve will go slower on monetary tightening than previously thought. The Austr
Published 25 Nov, 2017 12:00am
Charts and Brexit hopes send sterling to near two-month high
Currency

Charts and Brexit hopes send sterling to near two-month high

Sterling climbed to a near two-month high on Friday as a break of some key technical levels in a holiday-shortened market prompted some traders to rein in their short positions. With increasing signs of general dollar weakness across the board and growing
Published 25 Nov, 2017 12:00am
Most Asian currencies up
Exchange

Most Asian currencies up

Most Asian currencies firmed on Friday with the dollar remaining under pressure as it struggled to shake off the Federal Reserve's concerns about low US inflation. The Chinese yuan weakened slightly despite a stronger fix by the central bank with investor
Published 25 Nov, 2017 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee closed marginally weaker on Friday, as demand from importers for the US currency outpaced dollar conversions by exporters and inward remittances, dealers said. The spot rupee closed at 153.75/80 per dollar, compared with Thursday's cl
Published 25 Nov, 2017 12:00am
Euro hits six-week high in Europe on growth outlook optimism
Currency

Euro hits six-week high in Europe on growth outlook optimism

The euro hit a six-week high against the dollar on Friday, with investors optimistic about the strength of the euro zone's recovery after strong economic data this week. The single currency is up around 0.6 percent since Monday, putting it on course for a
Published 25 Nov, 2017 12:00am
Dollar wobbles in Asian trade
Currency

Dollar wobbles in Asian trade

The dollar wobbled in thin trading on Friday, on track for losses against most rivals in a holiday-shortened week as it remained under pressure on the Federal Reserve's cautious view on low US inflation US markets were closed for the Thanksgiving holiday
Published 25 Nov, 2017 12:00am
Yuan eases, but set for best week since mid-October
Currency

Yuan eases, but set for best week since mid-October

China's yuan weakened against the US dollar on Friday, with strong corporate demand supporting the greenback but the Chinese currency is on course for its best week in more than a month. Prior to market opening, the People's Bank of China (PBOC) set the o
Published 25 Nov, 2017 12:00am
Paddy Power enlivens FTSE, housebuilders fall

Paddy Power enlivens FTSE, housebuilders fall

British shares on Friday ended Black Friday just slightly lower, with Paddy Power leading winners against a strong pound, which was poised to rise for a third consecutive week amid growing hopes that Brexit talks could bear fruits next month. British Prim
Published 25 Nov, 2017 12:00am
Australian shares subdued; New Zealand up

Australian shares subdued; New Zealand up

Australian shares were subdued on Friday, with investor sentiment dampened by a slump in the Chinese stock market following a sell-off in Chinese bonds as Beijing pressed ahead with its deleveraging drive. The S&P/ASX 200 index fell 0.06 percent or 3.595
Published 25 Nov, 2017 12:00am
European shares snap two-week losing streak as DAX gains

European shares snap two-week losing streak as DAX gains

European shares ended little changed on Friday, underpinned by gains among heavyweight financial stocks, which helped the pan-European STOXX 600 index snap a two-week losing streak. The STOXX 600 ended 0.1 percent down but rose 0.7 percent on the week, wh
Published 25 Nov, 2017 12:00am
Sri Lankan shares hit two-month low

Sri Lankan shares hit two-month low

Sri Lankan shares fell to a near two-month closing low on Friday on foreign selling, while investors waited for clarity on new taxes introduced in the national budget and on key legislations. The Colombo stock index ended 0.66 percent weaker at 6,413.68,
Published 25 Nov, 2017 12:00am
Late buying supports China stocks after worst day in months
Currency

Late buying supports China stocks after worst day in months

Chinese stocks ended a choppy day little changed on Friday after suffering their biggest selloff in months the previous session, reflecting a clash between bulls and bears over the implications of fresh government steps to reduce financial risks. While so
Published 25 Nov, 2017 12:00am
Southeast Asian markets: Singapore marks 2-1/2 years high

Southeast Asian markets: Singapore marks 2-1/2 years high

Singapore shares touched a two-and-half-year closing high on Friday, as industrial output in October climbed for a fifteenth straight month, while Philippine and Vietnam stocks reversed losses from earlier in the day to end higher. The Singapore stock ind
Published 25 Nov, 2017 12:00am
Hong Kong stocks post fourth week of gains

Hong Kong stocks post fourth week of gains

Hong Kong stocks rebounded on Friday, recording a fourth week of gains, as mainland shares showed signs of stabilising after Thursday's tumble. Financial stocks led the gains, as some investors believe Chinese banks will benefit from Beijing's tough rules
Published 25 Nov, 2017 12:00am
Tokyo shares up but Mitsubishi Materials plunges

Tokyo shares up but Mitsubishi Materials plunges

Tokyo shares rose Friday, rebounding from earlier losses thanks to late bargain-hunting, but Mitsubishi Materials dropped more than eight percent after news emerged of a quality control scandal. The benchmark Nikkei 225 index gained 0.12 percent, or 27.70
Published 25 Nov, 2017 12:00am
Indian shares up

Indian shares up

Indian shares ended higher for a seventh straight session on Friday as IT firms gained, while bonds slid on market talk of a potential sovereign ratings upgrade by Standard & Poor's. The benchmark BSE index closed up 0.27 percent at 33,679.24. The broader
Published 25 Nov, 2017 12:00am
ECB bond purchase debate pulls eurozone yields off lows

ECB bond purchase debate pulls eurozone yields off lows

Eurozone government bond yields rose further off recent lows on Friday after a detailed account of the European Central Bank's October meeting showed that ratesetters were divided on when exactly it should end bond purchases. Most euro zone government bon
Published 25 Nov, 2017 12:00am
ECB bond purchase debate pulls eurozone yields off lows

ECB bond purchase debate pulls eurozone yields off lows

Eurozone government bond yields rose further off recent lows on Friday after a detailed account of the European Central Bank's October meeting showed that ratesetters were divided on when exactly it should end bond purchases. Most euro zone government bon
Published 25 Nov, 2017 12:00am
Regulators edge closer to deal on global bank capital rules

Regulators edge closer to deal on global bank capital rules

The oversight body for global banking regulators said on Friday it will hold a news conference on December 7, in the clearest sign yet that a deal on completing post-financial crisis capital rules is finally on the cards. France has been a key holdout for
Published 25 Nov, 2017 12:00am
Poland adopts gradual ban on Sunday shopping

Poland adopts gradual ban on Sunday shopping

Poland adopted legislation on Friday that will ban most Sunday trading by 2020, with opinion surveys showing that consumers have mixed feelings about the move in the heavily Catholic EU state. First presented last year by Poland's Solidarity trade union a
Published 25 Nov, 2017 12:00am
Russia remains China's top oil supplier for eighth month

Russia remains China's top oil supplier for eighth month

Russia held its position as China's top crude oil supplier for the eighth month in a row in October, customs data showed on Friday. Shipments from Russia in October hit 4.649 million tonnes, or around 1.095 million barrels per day (bpd), according to the
Published 25 Nov, 2017 12:00am
Chinese bankers, property developers downbeat on 2018 credit conditions

Chinese bankers, property developers downbeat on 2018 credit conditions

Most Chinese bankers and property developers at a recent closed-door meeting expect growth in credit to real estate firms will taper off next year, said two sources who attended the gathering, amid a government clampdown on inflated home prices. Funding c
Published 25 Nov, 2017 12:00am
Mexico economy shrinks for first time in nearly two years

Mexico economy shrinks for first time in nearly two years

Mexico's economy contracted 0.3 percent in the third quarter versus the previous three-month period, the first contraction in nearly two years, the national statistics agency said on Friday, after hurricanes and earthquakes pounded the country. Third quar
Published 25 Nov, 2017 12:00am
French jobless total edges higher in October

French jobless total edges higher in October

France's jobless total rose slightly in October, partially reversing a record drop the previous month as a labour market recovery makes choppy progress, Labour Ministry data showed on Friday. The number of people registered as out of work in mainland Fran
Published 25 Nov, 2017 12:00am
Europe's retailers tempt shoppers with Black Friday deals
Exchange

Europe's retailers tempt shoppers with Black Friday deals

Retailers across Europe chased shoppers on "Black Friday" in a test of consumer demand, particularly in Britain, where the spending spree imported from the US looked set to outdo last year. After last month suffering their biggest decline in sales volumes
Published 25 Nov, 2017 12:00am
UK mortgage approvals hit 13-month low

UK mortgage approvals hit 13-month low

British banks approved the fewest mortgages in 13 months and consumer confidence is lower than at any time since last year's Brexit vote because of a weaker housing market, according to surveys that add to a downbeat outlook for the economy. The figures c
Published 25 Nov, 2017 12:00am
What political crisis? German business morale hits record high

What political crisis? German business morale hits record high

German business confidence hit a record high in November putting Europe's largest economy on track for a boom, the Ifo economic institute said on Friday, allaying some concerns about political instability over forming a new government. Ifo said 90 percent
Published 25 Nov, 2017 12:00am
Canada's retail sales rise less than expected, pointing to slower growth

Canada's retail sales rise less than expected, pointing to slower growth

Canadian retail sales rose far less than expected in September as higher gasoline prices were offset by a decline in purchases of vehicles and clothing, pointing to cooler economic growth and reinforcing expectations the central bank is on hold until next
Published 25 Nov, 2017 12:00am
Mitsubishi Materials units falsified product data

Mitsubishi Materials units falsified product data

Subsidiaries of Mitsubishi Materials have falsified product data, the company said Thursday, becoming the latest major Japanese firm to admit problems with quality control. Affected products included rubber sealing materials used for packing and gaskets,
Published 25 Nov, 2017 12:00am
EY investigated over Italy finance ministry 'tax mole'

EY investigated over Italy finance ministry 'tax mole'

Accountancy giant EY is under investigation in Italy on suspicion of having illegally paid a high-level mole inside the finance ministry to help its tax planning for corporate clients. Better known by its former name Ernst and Young, EY confirmed Thursday
Published 25 Nov, 2017 12:00am
New Zealand trade deficit narrows

New Zealand trade deficit narrows

New Zealand's trade deficit narrowed in October as dairy and lamb shipments fuelled a jump in exports, despite imports hitting a record high. The trade deficit narrowed in October to NZ$871 million ($599.94 million) from NZ$1.156 billion in September, acc
Published 25 Nov, 2017 12:00am
South Korea says could boost metal stockpiles

South Korea says could boost metal stockpiles

The South Korean agency that manages state stockpiles of commodities says it could ramp up its inventories of non-ferrous metals next year amid growing demand for such materials in churning out products like electric vehicles. The Public Procurement Servi
Published 25 Nov, 2017 12:00am
Kenya's small firms keep economy resilient despite political storm

Kenya's small firms keep economy resilient despite political storm

Kenya's economy has displayed "extraordinary resilience" in the face of political uncertainty, its central bank governor said on Friday, attributing the strength to its diversity and small and medium enterprises. He projected expansion would be 5.1 percen
Published 25 Nov, 2017 12:00am
China's trade with North Korea sinks in October after UN sanctions

China's trade with North Korea sinks in October after UN sanctions

China's trade with North Korea fell to $334.9 million in October, its lowest since February as imports sank to their weakest in years, data showed on Thursday, the latest sign that tough new sanctions cut business with its isolated neighbour. The total is
Published 25 Nov, 2017 12:00am
US plan to ease banking rules goes too far: regulator

US plan to ease banking rules goes too far: regulator

A US congressional plan to ease banking rules for some large institutions goes too far and could endanger the financial system, a leading bank regulator said on Tuesday. Large banks must hold more capital than their smaller peers to brace for a future eco
Published 25 Nov, 2017 12:00am
Algeria should pay debts owed to foreign and local firms: presidency

Algeria should pay debts owed to foreign and local firms: presidency

Algerian President Abdelaziz Bouteflika ordered his government to settle debts owed to foreign and local companies immediately, the presidency said on Thursday. The debt amounts to around 400 billion Algerian dinars ($3.50 billion) and most of the affecte
Published 25 Nov, 2017 12:00am
US FOB Gulf bids for soyabean firm, corn flat

US FOB Gulf bids for soyabean firm, corn flat

Basis bids for soyabeans shipped by barge to the US Gulf Coast firmed on Tuesday, rebounding from Monday's 1-1/2-week low on a slight pickup in exporter demand and a continued slow pace of farmer offerings, traders said. CIF corn basis bids were flat in n
Published 25 Nov, 2017 12:00am
Cotton market: firm trend on renewed buying by mills
Cotton

Cotton market: firm trend on renewed buying by mills

Renewed buying interest by mills helped rates to hold the present steadier trend on the cotton market on Friday in the process of trading, dealers said. The official spot rate did not show any fluctuation at Rs 6,600, they said. In the ready session, over
Published 25 Nov, 2017 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 88,081 tonnes of cargo comprising 65,400 tonnes of import cargo and 22,681 tonnes of export cargo including 1,616 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 65,40
Published 25 Nov, 2017 12:00am
US natural gas futures fall on lower heating demand

US natural gas futures fall on lower heating demand

US natural gas futures eased on Tuesday to their lowest level in more than two weeks on forecasts for less heating demand than previously expected. Front-month gas futures fell 3.0 cents, or 1 percent, to settle at $3.017 per million British thermal their
Published 25 Nov, 2017 12:00am
European wheat prices slightly higher

European wheat prices slightly higher

European wheat was stable to slightly higher on Wednesday supported by US markets preparing to close for the Thanksgiving holiday and amid strong North African demand, traders said. Most traded March milling wheat on Paris-based Euronext was unchanged at
Published 25 Nov, 2017 12:00am
CBOT wheat futures rise as decline in US crop ratings

CBOT wheat futures rise as decline in US crop ratings

Chicago Board of Trade wheat futures rose 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. CBOT De
Published 25 Nov, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,095. The traded value of Metals, Energy and COTS/FX was recorded at PKR 2.254 billion and the number of lots traded was 3,586. Major business was contributed by WTI crud
Published 25 Nov, 2017 12:00am
KARACHI CHRONICLE: The sound of music

KARACHI CHRONICLE: The sound of music

Audiences are so focused on berating TV channels for their scandal mongering, disinformation and verbal wrestling bouts in the talk shows that their greatest, daring and positive contribution is not noted, or at least, they are not given credit for the re
Published 25 Nov, 2017 12:00am
'Robo-taxis' hold promise, and perils, for automakers

'Robo-taxis' hold promise, and perils, for automakers

It's November 22, 2028 and Sarah, a young mother, gives her two children a kiss goodbye before buckling them into the driverless car that will bring them to school. Sarah doesn't have a car and has no plans to buy one. Living in a suburb, she has run the
Published 25 Nov, 2017 12:00am
Driverless, electric future just round the corner for urban cars

Driverless, electric future just round the corner for urban cars

A driverless, electric car is only a swipe away in the cities of the future, where pollution clampdowns and rapid advances in technology will transform the way we travel, despite lagging infrastructure. As more and more countries announce a phasing-out of
Published 25 Nov, 2017 12:00am
ART FACTS: Tangible and intangible desires

ART FACTS: Tangible and intangible desires

Each artist had unique perception and inspiration which they expressed in their paintings in a four person show at Artscene Gallery, Karachi. The artists portrayed their views and experiences about different subjects using dissimilar mediums. The works ma
Published 25 Nov, 2017 12:00am
Healthy, fresh and safe home

Healthy, fresh and safe home

Every little detail of a home reveals a lot about the people who live there.Fresh, healthy, and safe home atmosphere is as essential as the home decor. Malodorous, foul-smelling and stinking atmosphere of a home not only create a bad impression, it is als
Published 25 Nov, 2017 12:00am
Swimming with dolphins in virtual reality

Swimming with dolphins in virtual reality

Swimming with wild dolphins is something most can only dream of, and jumping into pools with captive animals has become increasingly controversial with environmentalists condemning it as cruel. But a Dutch non-profit believes it has found a way to bring p
Published 25 Nov, 2017 12:00am
Mushtaq Ahmed Yousufi's writings kindle the joy of reading

Mushtaq Ahmed Yousufi's writings kindle the joy of reading

Like other fans of celebrated humour writer Mushtaq Ahmed Yousufi I also enjoyed every page and take delight in each sentence he wrote. He is one of the most famous humorists of our country. Since I have been an avid reader of his books I always wanted to
Published 25 Nov, 2017 12:00am
Equal opportunities to participate in future

Equal opportunities to participate in future

Many times, I had some rare and exclusive occasion to interact with the children from lower income families group. Children living in makeshift encampments or in 60-80 yards houses located in some of the poorest neighborhoods of Karachi that have least ba
Published 25 Nov, 2017 12:00am
IBA convocation curtain raiser 2017

IBA convocation curtain raiser 2017

The Institute of Business Administration Karachi will hold its annual convocation on 2nd December 2017 at the IBA Main Campus, as stated by the Dean and Director IBA, Dr. Farrukh Iqbal, in a recently held press conference at the IBA city Campus. Dr. Atta
Published 25 Nov, 2017 12:00am
Josh Gad on 'Frozen,' Christmas and the wonder of childhood

Josh Gad on 'Frozen,' Christmas and the wonder of childhood

When "Frozen" was being planned five years ago, its star Josh Gad was relatively unknown and its writers' grandest ambition was simply to tell a story that "didn't suck." Now, Gad is a household name and Disney's movie is the highest grossing animated fea
Published 25 Nov, 2017 12:00am
Franco hopes 'Disaster Artist' conveys passion of worst film ever made

Franco hopes 'Disaster Artist' conveys passion of worst film ever made

When James Franco set out to direct "The Disaster Artist," a faux behind-the-scenes look at the making of 2003's "The Room," often called one of the worst films ever made, he said it was not to poke fun at the "Room" creator Tommy Wiseau. Franco, who also
Published 25 Nov, 2017 12:00am
'Despacito' sweeps Latin Grammys - and heads to Asia

'Despacito' sweeps Latin Grammys - and heads to Asia

'Despacito," the viral dance hit that swept past borders, won big Thursday at the Latin Grammys where singer Luis Fonsi announced a new frontier for the song - the Chinese-speaking world. "Despacito" won four awards including Record of the Year and Song o
Published 25 Nov, 2017 12:00am
BRIDGE NOTES: Meet Bridge challenge with reason

BRIDGE NOTES: Meet Bridge challenge with reason

Dummy play in Bridge is always a learning experience where you are forced to think logically, observe keenly, analyze the clues put forth and then proceed cautiously by a process of thorough investigation to decipher the opponents card placements and thus
Published 25 Nov, 2017 12:00am
Hollywood honours Amy Adams

Hollywood honours Amy Adams

Scandal-hit Hollywood left its woes behind last Friday to honour Amy Adams for a glittering career that has seen her go from waitress to five-time Oscar nominee. The 43-year-old - famous for the diversity of her film roles - said ahead of being presented
Published 25 Nov, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Nov, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Nov, 2017 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 25 Nov, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 25 Nov, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (November 24, 2017).

Published 25 Nov, 2017 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (November 24, 2017).
Published 25 Nov, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (November 24, 2017).

Published 25 Nov, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (November 24, 2017).

Published 25 Nov, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (November 24, 2017).

Published 25 Nov, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (November 24, 2017).

Published 25 Nov, 2017 12:00am
Deadline to end Faizabad sit-in extended

Deadline to end Faizabad sit-in extended

Federal government extended the deadline it had announced earlier for the protesters to end their sit-in at Faizabad Interchange by 12 am at night, after the Pir of Golra Sharif contacted Senator Raja Zafarul Haq of the ruling PML-N late on Friday night.
Published 25 Nov, 2017 12:00am
Deadline to end Faizabad sit-in extended

Deadline to end Faizabad sit-in extended

Federal government extended the deadline it had announced earlier for the protesters to end their sit-in at Faizabad Interchange by 12 am at night, after the Pir of Golra Sharif contacted Senator Raja Zafarul Haq of the ruling PML-N late on Friday night.
Published 25 Nov, 2017 12:00am
Militants kill over 230 at mosque in Egypt's North Sinai

Militants kill over 230 at mosque in Egypt's North Sinai

Militants killed more than 230 people at a mosque in North Sinai on Friday, detonating a bomb and gunning down worshippers in the deadliest such attack of Egypt's modern history, state media and witnesses said. No group immediately claimed responsibility,
Published 25 Nov, 2017 12:00am
Militants kill over 230 at mosque in Egypt's North Sinai

Militants kill over 230 at mosque in Egypt's North Sinai

Militants killed more than 230 people at a mosque in North Sinai on Friday, detonating a bomb and gunning down worshippers in the deadliest such attack of Egypt's modern history, state media and witnesses said. No group immediately claimed responsibility,
Published 25 Nov, 2017 12:00am
Indicators boost growth prospects
Exchange

Indicators boost growth prospects

With lower inflation and rising economic activities, the Monetary Policy Committee of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 5.75 percent for next two months. The decision was taken by the committee it its meetin
Published 25 Nov, 2017 12:00am
Indicators boost growth prospects
Exchange

Indicators boost growth prospects

With lower inflation and rising economic activities, the Monetary Policy Committee of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 5.75 percent for next two months. The decision was taken by the committee it its meetin
Published 25 Nov, 2017 12:00am
Indicators boost growth prospects
Exchange

Indicators boost growth prospects

With lower inflation and rising economic activities, the Monetary Policy Committee of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 5.75 percent for next two months. The decision was taken by the committee it its meetin
Published 25 Nov, 2017 12:00am
First vessel with 70,000 tons of LNG arrives at PGPC terminal

First vessel with 70,000 tons of LNG arrives at PGPC terminal

The first LNG vessel carrying 70,000 tons of liquefied natural gas berthed alongside the FSRU at the Pakistan GasPort Consortium Limited (PGPC) LNG Terminal at Port Qasim, Karachi, on Friday. According to details, LNG has been supplied by global commodity
Published 25 Nov, 2017 12:00am
First vessel with 70,000 tons of LNG arrives at PGPC terminal

First vessel with 70,000 tons of LNG arrives at PGPC terminal

The first LNG vessel carrying 70,000 tons of liquefied natural gas berthed alongside the FSRU at the Pakistan GasPort Consortium Limited (PGPC) LNG Terminal at Port Qasim, Karachi, on Friday. According to details, LNG has been supplied by global commodity
Published 25 Nov, 2017 12:00am
First vessel with 70,000 tons of LNG arrives at PGPC terminal

First vessel with 70,000 tons of LNG arrives at PGPC terminal

The first LNG vessel carrying 70,000 tons of liquefied natural gas berthed alongside the FSRU at the Pakistan GasPort Consortium Limited (PGPC) LNG Terminal at Port Qasim, Karachi, on Friday. According to details, LNG has been supplied by global commodity
Published 25 Nov, 2017 12:00am
Hoegh LNG pulls out of Pakistan LNG import project

Hoegh LNG pulls out of Pakistan LNG import project

Shipping company Hoegh LNG on Friday cancelled a deal to provide a floating import terminal for a liquefied natural gas (LNG) project being developed by Turkish company Global Energy Infrastructure Limited (GEI) in Pakistan. This month Hoegh LNG announced
Published 25 Nov, 2017 12:00am
Hoegh LNG pulls out of Pakistan LNG import project

Hoegh LNG pulls out of Pakistan LNG import project

Shipping company Hoegh LNG on Friday cancelled a deal to provide a floating import terminal for a liquefied natural gas (LNG) project being developed by Turkish company Global Energy Infrastructure Limited (GEI) in Pakistan. This month Hoegh LNG announced
Published 25 Nov, 2017 12:00am
Hoegh LNG pulls out of Pakistan LNG import project

Hoegh LNG pulls out of Pakistan LNG import project

Shipping company Hoegh LNG on Friday cancelled a deal to provide a floating import terminal for a liquefied natural gas (LNG) project being developed by Turkish company Global Energy Infrastructure Limited (GEI) in Pakistan. This month Hoegh LNG announced
Published 25 Nov, 2017 12:00am
Economic team reshuffle on the cards
Exchange

Economic team reshuffle on the cards

With the replacement of Finance Minister Ishaq Dar, expected to be announced on Saturday (today), the government is contemplating reshuffling the economic team, it is learnt. Official sources revealed to Business Recorder that some of the key offic
Published 25 Nov, 2017 12:00am
Economic team reshuffle on the cards
Exchange

Economic team reshuffle on the cards

With the replacement of Finance Minister Ishaq Dar, expected to be announced on Saturday (today), the government is contemplating reshuffling the economic team, it is learnt. Official sources revealed to Business Recorder that some of the key offic
Published 25 Nov, 2017 12:00am
Mattis due on December 3

Mattis due on December 3

US Secretary of Defence James Mattis will arrive here on a daylong official visit on December 03, 2017 to hold talks with Pakistani leadership on issues of mutual interest, including Afghan situation. This was confirmed by Foreign Minister Khawaja Asif in
Published 25 Nov, 2017 12:00am
Mattis due on December 3

Mattis due on December 3

US Secretary of Defence James Mattis will arrive here on a daylong official visit on December 03, 2017 to hold talks with Pakistani leadership on issues of mutual interest, including Afghan situation. This was confirmed by Foreign Minister Khawaja Asif in
Published 25 Nov, 2017 12:00am
BRIndex100 rangebound
Exchange

BRIndex100 rangebound

Pakistan Stock Exchange Friday witnessed a rangebound session due to investors' lack of interest. BRIndex100 closed at 4,294.82 points, up only 0.33 points or 0.01 percent. BRIndex100 touched intraday high of 4,308.11 and intraday low of 4,275.18 points.
Published 25 Nov, 2017 12:00am
BRIndex100 rangebound
Exchange

BRIndex100 rangebound

Pakistan Stock Exchange Friday witnessed a rangebound session due to investors' lack of interest. BRIndex100 closed at 4,294.82 points, up only 0.33 points or 0.01 percent. BRIndex100 touched intraday high of 4,308.11 and intraday low of 4,275.18 points.
Published 25 Nov, 2017 12:00am
BRIndex100 rangebound
Exchange

BRIndex100 rangebound

Pakistan Stock Exchange Friday witnessed a rangebound session due to investors'' lack of interest. BRIndex100 closed at 4,294.82 points, up only 0.33 points or 0.01 percent. BRIndex100 touched intraday high of 4,308.11 and intraday low of 4,275.18 points.
Published 25 Nov, 2017 12:00am
CCI rejects proposal on sugar export rebate
Cotton

CCI rejects proposal on sugar export rebate

The Council of Common Interests (CCI) has reportedly agreed to lift ban on export of sugar permanently keeping in view surplus production but rejected a proposal on increase in export rebate from Rs 10.70 per kg to Rs 20 per kg, well informed sources told
Published 25 Nov, 2017 12:00am
CCI rejects proposal on sugar export rebate
Cotton

CCI rejects proposal on sugar export rebate

The Council of Common Interests (CCI) has reportedly agreed to lift ban on export of sugar permanently keeping in view surplus production but rejected a proposal on increase in export rebate from Rs 10.70 per kg to Rs 20 per kg, well informed sources told
Published 25 Nov, 2017 12:00am
CCI rejects proposal on sugar export rebate
Cotton

CCI rejects proposal on sugar export rebate

The Council of Common Interests (CCI) has reportedly agreed to lift ban on export of sugar permanently keeping in view surplus production but rejected a proposal on increase in export rebate from Rs 10.70 per kg to Rs 20 per kg, well informed sources told
Published 25 Nov, 2017 12:00am
Five, not one, percent census results to be verified

Five, not one, percent census results to be verified

The Council of Common Interests (CCI) has decided to increase the verification of census results from one percent of the total data to five percent in an effort to alleviate the concerns of political parties. A meeting of the CCI presided over by Prime Mi
Published 25 Nov, 2017 12:00am
Five, not one, percent census results to be verified

Five, not one, percent census results to be verified

The Council of Common Interests (CCI) has decided to increase the verification of census results from one percent of the total data to five percent in an effort to alleviate the concerns of political parties. A meeting of the CCI presided over by Prime Mi
Published 25 Nov, 2017 12:00am
Pakistan Travel Mart: Shaheen Air inaugurates 25 years celebration logo

Pakistan Travel Mart: Shaheen Air inaugurates 25 years celebration logo

Faisal Rafique, Chief Commercial Officer, Shaheen Air International (SAI) unveiled the 25 years celebration logo of the airline at Pakistan Travel Mart (PTM) Friday. The airline also announced the launch of Shine Miles - Loyalty Card along with its revamp
Published 25 Nov, 2017 12:00am
Nobel literature academy shaken by MeToo sex scandal wave

Nobel literature academy shaken by MeToo sex scandal wave

The Swedish Academy, which awards the Nobel Literature Prize, has been rattled by a sex scandal as several members, their wives and daughters accused an influential person with close ties to the prestigious institution of assault. The MeToo wave exposing
Published 25 Nov, 2017 12:00am
Emergency to be imposed if polls not held in 2018: Ahsan

Emergency to be imposed if polls not held in 2018: Ahsan

Federal Interior Minister Ahsan Iqbal has said on Friday that emergency will have to be imposed next year if general elections are not held. "In case elections are not held next year, term of assemblies will be extended by another year after imposition of
Published 25 Nov, 2017 12:00am
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