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Archive - 2017-11-29
Shifting fuel mix
Oil and Gas

Shifting fuel mix

Some key developments are changing how the power sector looks like. These developments are largely to do with altering t
Updated 30 Nov, 2017 06:30am
ECB warns on Bitcoin bonanza
World

ECB warns on Bitcoin bonanza

Paris: The vice-president of the European Central Bank on Wednesday expressed concern about the relentless rise in value
Published 29 Nov, 2017 11:22pm
Eid Miladun Nabi (SAWW)
Featured Photos

Eid Miladun Nabi (SAWW)

An illuminated view of a mosque decorated with colourful lights in connection with Eid Miladun Nabi (SAWW) celebrati
Published 29 Nov, 2017 09:45pm
Mountains Railway track
Featured Photos

Mountains Railway track

A view of the Jiutaiguan scenic spot in Ningqiang County of Hanzhong City, northwest China's Shaanxi Province. The X
Published 29 Nov, 2017 08:15pm
Refugees boat in Naf River
Featured Photos

Refugees boat in Naf River

Rohingya refugees sail on an improvised raft across the Naf River to reach Bangladesh, in Teknaf, Bangladesh, Novemb
Published 29 Nov, 2017 05:45pm
Tianquan Lake
Featured Photos

Tianquan Lake

Tourists visit Tianquan Lake by boat in Xuyi County, east China's Jiangsu Province. INP
Published 29 Nov, 2017 06:55pm
Colors of China
Featured Photos

Colors of China

Villagers work on Dong ethnic paintings in Sanjiang County, south China's Guangxi Zhuang Autonomous Region. Over 600
Published 29 Nov, 2017 04:17pm
Urea off-take steadies
Fertilizer

Urea off-take steadies

On the back of best ever Kharif season in terms of fertilizer application , urea off-take returned to more modest level
Updated 29 Nov, 2017 02:49pm
Bullion Prices on Wednesday
Markets

Bullion Prices on Wednesday

KARACHI: Following were the Bullion Prices in Karachi, Hyderabad, Multan and Lahore on Wednesday. KARACHI: (per 1
Published 29 Nov, 2017 02:26pm
A Faustian bargain
Miscellaneous

A Faustian bargain

“Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety.”
Updated 29 Nov, 2017 09:19am
Rise in fiscal deficit
Currency

Rise in fiscal deficit

There are various estimates of budget deficit for the current year which was initially targeted at 4.1 percent of GDP in the budget for FY18 a few months ago. Looking at the budget deficit of 0.9 percent of GDP during July-September, 2017, it could be inf
Published 29 Nov, 2017 12:00am
Hafiz Saeed's release

Hafiz Saeed's release

Jamaatud Dawa's (JuD's) chief Hafiz Saeed's release after over 300 days under house arrest under the Maintenance of Public Order (MPO) Ordinance seems set to set off another round of frictions with the US. Washington has come out with a trenchant statemen
Published 29 Nov, 2017 12:00am
Free-market capitalism is on trial

Free-market capitalism is on trial

There is a growing awareness in the rich world that most of the benefits of technology and globalization flow to people who own investible capital and to the well-educated, while the costs are borne by unskilled workers, local producers and people who hav
Published 29 Nov, 2017 12:00am
Land

Land

Land, the immortal asset of nations; never in my wildest, did I ever imagine that land could be a liability.
Published 29 Nov, 2017 12:00am
Opportunities and risks for economy
Exchange

Opportunities and risks for economy

Pakistan sees no immediate need for a foreign financial bailout as the nation is facing headwinds on its external front. The fundamental challenge being faced by South Asia's second largest economy today is a widening current account deficit caused primar
Published 29 Nov, 2017 12:00am
Saving energy

Saving energy

Last week I had to change the cooking hob in my kitchen. I have two hobs and I replaced the existing locally manufactured hob with an imported hob made in Italy. I noticed that the imported hob even with a smaller burner than the locally made hob would co
Published 29 Nov, 2017 12:00am
Government earmarks Rs 61.963 million subsidy for 43 watercourses

Government earmarks Rs 61.963 million subsidy for 43 watercourses

For the improvement of 43 watercourses in the jurisdiction of Lahore metropolitan city, the government has earmarked a subsidy of Rs 61.963 million, said Deputy Commissioner Lahore Sumair Ahmed Syed here on Tuesday. He told the media that the aim of the s
Published 29 Nov, 2017 12:00am
NAB chief vows to appoint B'stan's candidates on merit

NAB chief vows to appoint B'stan's candidates on merit

Chairman NAB Justice Javed Iqbal assured merit based appointments of competent candidates of Balochistan in NAB. Talking to a delegation of Balochistan Bar Association, he said competent lawyers of Balochistan would be appointed in prosecution branch of N
Published 29 Nov, 2017 12:00am
Government-TLYRA deal invites criticism

Government-TLYRA deal invites criticism

The agreement with Tehreek-e-Labaik Ya Rasool Allah (TLYRA) that ended the Faizabad 21-day dharna was a failure of both military and civilian administration. A senior military official who spoke on condition of anonymity said the government of Pakistan re
Published 29 Nov, 2017 12:00am
Faizabad sit-in highlights Pakistan's negative image: Khursheed

Faizabad sit-in highlights Pakistan's negative image: Khursheed

Opposition Leader Khursheed Shah has on Tuesday said that the Faizabad sit-in highlighted Pakistan's negative image in the world and Pakistan Peoples Party (PPP) is worried over the present situation. Khursheed Shah said in his address to the National Ass
Published 29 Nov, 2017 12:00am
Azizia Steel: hearing into corruption cases adjourned till December 4

Azizia Steel: hearing into corruption cases adjourned till December 4

The Accountability Court hearing corruption cases against Sharif family on Tuesday adjourned the hearing of Azizia Steel and Hill Metals Establishment references till December 4. As soon as Accountability Court began the proceedings, Nawaz Sharif's counse
Published 29 Nov, 2017 12:00am
Siraj accuses rulers of lowering status of elected houses

Siraj accuses rulers of lowering status of elected houses

Emir Jamaat-e-Islami Sirajul Haq Tuesday said neither did the government take parliamentary parties into confidence on Tehreek Labbaik Ya Rasool Allah sit-in nor did hold any consultation on the matter, which shows that rulers are themselves responsible f
Published 29 Nov, 2017 12:00am
Senate polls on March 2

Senate polls on March 2

The Senate elections will be held on March 2, 2018, and the schedule is likely to be announced in the second week of February. According to details, the new members of the Senate will take oath on March 11, 2018, as the 52 current members including Chairm
Published 29 Nov, 2017 12:00am
Sindh government urged to set up consumer courts

Sindh government urged to set up consumer courts

Speakers at a conference on Tuesday urged the Sindh government for establishment of Sindh Food Authority (SFA) as well as consumer courts to ensure consumers' rights with immediate effect. The demand came at the 10th Food Safety and Quality Conference-201
Published 29 Nov, 2017 12:00am
Tehreek Labbaik: Shahbaz orders release of activists

Tehreek Labbaik: Shahbaz orders release of activists

Punjab Chief Minister Shehbaz Sharif has ordered immediate release of leaders and workers of Tehreek Labbaik Ya Rasool Allah who have been taken into custody in protest during the last few days. According to the spokesman of the Punjab government, the CM
Published 29 Nov, 2017 12:00am
Name on ECL: SC disposes of Dr Asim's contempt petition

Name on ECL: SC disposes of Dr Asim's contempt petition

The Supreme Court on Tuesday disposed of a contempt of court petition filed by PPP leader Dr Asim Hussain against the Interior Ministry for not removing his name from Exit Control List (ECL) despite the court directives. On November 22, Dr Asim had filed
Published 29 Nov, 2017 12:00am
New academic session at CEAD sets in

New academic session at CEAD sets in

The new academic session at Centre of Excellence in Art and Design (CEAD), Mehran University of Engineering and Technology (MUET) Jamshoro started with zeal. An orientation and welcome ceremony was held in honour of new batch on its arrival at the Centre.
Published 29 Nov, 2017 12:00am
NAB chief seeks report of NTS probe

NAB chief seeks report of NTS probe

Chairman NAB, former Justice Javed Iqbal, sought preliminary report of the inquiry being conducted by NAB Rawalpindi Regional Bureau against alleged corruption, leakage of different question papers and other irregularities in National Testing Service as p
Published 29 Nov, 2017 12:00am
Telemedicine site opens at government hospital's paeds ward

Telemedicine site opens at government hospital's paeds ward

Secretary Health Dr Fazlullah Pechuho on Tuesday said, "Telemedicine is the way forward in health sector". He stated this while inaugurating the Pediatric Emergency Room telemedicine site with the support of ChildLife Foundation at Sindh Government Hospit
Published 29 Nov, 2017 12:00am
Seafoods' high demand amidst low catch season

Seafoods' high demand amidst low catch season

With falling temperature, seafood consumption is set to grow but its catch will reduce significantly during December and Jan, fishermen said on Tuesday. However, export of fresh fisheries to Kuwait and Dubai will continue to rise during the locally lean p
Published 29 Nov, 2017 12:00am
TPL to form investment holding company

TPL to form investment holding company

Pakistan's leading tech group TPL is entering a new era by forming a holding company TPL Corp Limited, which will act as an investment holding company of the TPL Group. Under the new structure, the business of TPL Trakker Limited has been bifurcated and s
Published 29 Nov, 2017 12:00am
MCB Bank organizes seminar

MCB Bank organizes seminar

MCB Bank, one of the largest and most innovative banks in Pakistan, held a seminar titled "External Sector of Pakistan: The Road Ahead" for its select clients and key industry stakeholders. The seminar was organized by the Bank to inform its customers of
Published 29 Nov, 2017 12:00am
LCCI chief for improving business environment

LCCI chief for improving business environment

President of Lasbela Chamber of Commerce and Industry (LCCI), Yakoob Karim has suggested that in order to facilitate taxpayers and improve the business environment and thereby the provincial economies, there should be cooperation and understanding between
Published 29 Nov, 2017 12:00am
Farmers advised to complete wheat cultivation

Farmers advised to complete wheat cultivation

As temperature continues to plunge in the country, the Met Office on Tuesday asked the farmers to complete wheat cultivation at earliest to help crop attain a full soil dampness left by recent rains. It said that the recent rains left dampness into soil,
Published 29 Nov, 2017 12:00am
Sindh government announces public holiday

Sindh government announces public holiday

The Sindh government has announced public holiday on Friday (December 1) on the occasion of Eid Milad-un-Nabi (PBUH) in a notification issued on Tuesday. The notification is in effect for the staffers of all offices, autonomous, semi-autonomous bodies, co
Published 29 Nov, 2017 12:00am
Consultant hired for solid waste recycle strategy

Consultant hired for solid waste recycle strategy

Managing Director of Sindh Solid Waste Management Board (SSWM), AD Sanjrani has said that consultant has been hired to draw a detail and comprehensive strategy for recycling of all type of solid waste in the city. Addressing Korangi Association of Trade &
Published 29 Nov, 2017 12:00am
Sufi Mela held at Sindh university

Sufi Mela held at Sindh university

The Institute of Art & Design of the University of Sindh has arranged a Sufi mela in collaboration with Auqaf Department, Government of Sindh. The occasion was presided over by Vice-Chancellor, Prof Dr Fateh Muhammad Burfat and Munawar Ali Mahesar, Chief
Published 29 Nov, 2017 12:00am
NBP to release pension payments today

NBP to release pension payments today

National Bank of Pakistan (NBP) being the largest commercial bank of banking industry, imbued with its traditions of corporate social responsibility is going to set another milestone in service industry by releasing the pension payments to its pensioners
Published 29 Nov, 2017 12:00am
PFVA seeks permission for exporting onion
Exchange

PFVA seeks permission for exporting onion

Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association (PFVA) has sought federal and Sindh government's permission to export onion with immediate effect to protect the growers' interest. Waheed Ahmed, Chairman Research and Development
Published 29 Nov, 2017 12:00am
Government mulling installing tracking system for motorcycles: minister

Government mulling installing tracking system for motorcycles: minister

Sindh Home Minister, Sohail Anwar Siyal has said that most of the crimes are committed with the help of motorcycles; therefore, the government is considering installing tracking system for motorcycles. Speaking to office-bearers of Site Association of Ind
Published 29 Nov, 2017 12:00am
Australian HC for new HR concepts

Australian HC for new HR concepts

Margaret Adamson, High Commissioner of Australia, called upon industrialists and human resources managers to develop a better understanding of new concepts and ideas in human resources and to upgrade the skills capital of employees. She added that Austral
Published 29 Nov, 2017 12:00am
SSGC begins safety campaign

SSGC begins safety campaign

Every year SSGC embarks full throttle on "Winter Safety Campaign" to create basic awareness in careful use of gas-fired appliances especially gas heaters with a focus to eliminate situations that lead to loss of precious human lives. The company's team co
Published 29 Nov, 2017 12:00am
Partly Facetious: The brokered deal

Partly Facetious: The brokered deal

"Islam does not allow murderers to go scot-free, whether the murder took place through inane mob violence or whether it was through a botched operation. The exception is times of war and..."
Published 29 Nov, 2017 12:00am
Pesco's drive against defaulters

Pesco's drive against defaulters

Peshawar Electricity Supply Company (Pesco) has started drive for the recovery of billions of rupees against public and private sector defaulters. The power distribution company has a huge outstanding amount of Rs 113 billions to public and private consu
Published 29 Nov, 2017 12:00am
KP cabinet approves amendments to Women Harassment Act

KP cabinet approves amendments to Women Harassment Act

The provincial cabinet of Khyber Pakhtunkhwa Tuesday approved amendments in the Women Harassment Act 2010 and allocation of Rs 23 billion for priority projects in the province. The meeting of the provincial cabinet held in Chief Minister's Secretariat wi
Published 29 Nov, 2017 12:00am
CPEC projects: NH&MP to recruit more personnel

CPEC projects: NH&MP to recruit more personnel

More than 10,000 recruitments will make in National Highways & Motorway Police in near future to cater the additional responsibilities to be handed over in the shape of China Pakistan Economic Corridor (CPEC). NH&MP remained an exemplary department for al
Published 29 Nov, 2017 12:00am
Postings, transfers in Railways

Postings, transfers in Railways

Some senior officers of Pakistan Railways have been changed with immediate effect, revealed a notification of Railways Ministry. The notification stated, "Muhammad Aftab Akbar, a BS-22 officer of Railways (Commercial & Transportation Group) presently work
Published 29 Nov, 2017 12:00am
Pakistan elected to various bodies of Unesco

Pakistan elected to various bodies of Unesco

Pakistan has recently been elected to various bodies within the United Nations Educational, Scientific and Cultural Organization (UNESCO) during the 39th Session of the General Conference held in Paris in November 2017. These included:
Published 29 Nov, 2017 12:00am
Karandaaz launches report on SMEs

Karandaaz launches report on SMEs

Karandaaz Pakistan has launched a report on the nature and characteristics of small and medium enterprise (SME) financing and non-performing loans in Pakistan. The study explores trends in SME financing over the past decade, and reasons that have contribu
Published 29 Nov, 2017 12:00am
UoP students' demo against fee hike

UoP students' demo against fee hike

Hundreds of students of the University of Peshawar (UoP) on Tuesday staged a protest against 10 percent increase in fees. The protesting students were gathered outside the main administration block in the university, and chanted full-throated slogans agai
Published 29 Nov, 2017 12:00am
PUC chief urges government to investigate sit-in episode

PUC chief urges government to investigate sit-in episode

Urging the government to thoroughly investigate entire saga of Tehreek Labbaik Ya Rasool Allah (TLYR) sit-in, Chairman Pakistan Ulema Council (PUC) Hafiz Tahir Mehmood Ashrafi has said that criticizing army and security agencies of the country has become
Published 29 Nov, 2017 12:00am
Minister voices concern over use of synthetic drugs

Minister voices concern over use of synthetic drugs

Federal Minister for Narcotics Control, Lieutenant General Salahuddin Tirmizi (retd) on Tuesday expressed grave concern over the prevailing trend of the synthetic drugs use amongst youth of the country. Chairing an inter-ministerial meeting on Tuesday, he
Published 29 Nov, 2017 12:00am
Commander Royal Navy of Oman meets Admiral Zafar

Commander Royal Navy of Oman meets Admiral Zafar

Commander Royal Navy of Oman, Rear Admiral Abdullah Bin Khamis Bin Abdullah Al Raisi visited Naval Headquarters Islamabad and called on Chief of the Naval Staff, Admiral Zafar Mahmood Abbasi. Upon arrival at the Naval Headquarters, Commander Royal Navy of
Published 29 Nov, 2017 12:00am
Preparations to celebrate Eid Milad-un-Nabi (SAW) in full swing

Preparations to celebrate Eid Milad-un-Nabi (SAW) in full swing

The preparations to celebrate Eid Milad-un-Nabi (SAW) reached its climax in provincial capital Peshawar, as bazaars and route of procession were decorated and illumined. Like every year, the government and religious organisations have planned a number of
Published 29 Nov, 2017 12:00am
Punjab schools to reopen today

Punjab schools to reopen today

Punjab government on Tuesday has ordered as well as announced the reopening of all schools on Wednesday. Punjab's Education Secretary Dr Allah Baksh Malik has stated that all schools in Punjab will be reopened tomorrow and directed the public to use alter
Published 29 Nov, 2017 12:00am
Business as usual at Faisalabad markets

Business as usual at Faisalabad markets

Business activities in Grain, fruit and vegetables markets have been resumed as per routine on Tuesday, however, all educational institutions and universities remained closed in industrial city. No untoward incident has been reported so far, and police ha
Published 29 Nov, 2017 12:00am
4209 animals distributed among widows in rural areas

4209 animals distributed among widows in rural areas

As many as 4209 milch animals are distributed among the deserving widows of the rural areas of Faisalabad division for enabling them to earn respectable livelihood. In this connection, the distribution programme has been started in Chiniot district and a
Published 29 Nov, 2017 12:00am
10,000 to complete e-Rozgaar programme training: Dr Saif

10,000 to complete e-Rozgaar programme training: Dr Saif

Chairman Punjab Information Technology Board (PITB) Dr Umar Saif has said that 10,000 candidates to complete the training for the CM's e-Rozgaar Program by February 2018. Number of candidates trained depends on the capacity of lab ranging from 100 - 300 i
Published 29 Nov, 2017 12:00am
Internal audit system devised for every project: Shahbaz

Internal audit system devised for every project: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif Tuesday said that the Punjab government has devised a system of internal audit of every project and third-party audit mechanism has also been introduced for effective monitoring. He said this while chairing a
Published 29 Nov, 2017 12:00am
PM directs Discos to upgrade networks

PM directs Discos to upgrade networks

Prime Minister Shahid Khaqan Abbassi has directed the power distribution companies to upgrade their distribution networks. Chairing a meeting on energy in Islamabad on Tuesday, he said this is vital to translate increase in production capacity into uninte
Published 29 Nov, 2017 12:00am
SL-Pak TIA delegation meets Pakistan HC
Exchange

SL-Pak TIA delegation meets Pakistan HC

A delegation of Sri Lanka Pakistan Friendship, Trade and Investment Association (TIA) met High Commissioner of Pakistan Dr Shahid Ahmad Hashmat at the High Commission premises on Tuesday. The Sri Lanka Pakistan Friendship, TIA is one of the oldest Associa
Published 29 Nov, 2017 12:00am
Death by torture: IGP seeks report from RPO

Death by torture: IGP seeks report from RPO

Punjab Inspector General of Police (IGP) Arif Nawaz has directed Regional Police Officer (RPO) Faisalabad Bilal Siddique to submit detailed report of killing a young person due to alleged torture of Faisalabad Police within 24 hours. Expressing his anger,
Published 29 Nov, 2017 12:00am
Palestine thanks Pakistan for supporting its cause

Palestine thanks Pakistan for supporting its cause

The bond between Pakistan and Palestine is very strong. Pakistan has always been supporting Palestine at all levels, be it regional or international platforms. This was stated by Dr Mazen Shaymia, Assistant Minister of Palestine for Asia, Africa and Austr
Published 29 Nov, 2017 12:00am
Workshop on 'acute stroke' begins today

Workshop on 'acute stroke' begins today

Local and foreign health professionals are converging in Lahore to share their experiences and latest trend in management of stroke patients as a two-day '15th acute stroke alert workshop' is being held here at Lahore General Hospital (LGH) on November 29
Published 29 Nov, 2017 12:00am
Salt processors asked to complete reform process

Salt processors asked to complete reform process

Punjab Food Authority (PFA) has given final deadline to all salt processors to complete the reform process as per food standards by February 15, 2018. Deadline was given after completing the survey report and served reforming notices to salt companies fro
Published 29 Nov, 2017 12:00am
PHMA urges SBP to notify procedure for applying DDT
Exchange

PHMA urges SBP to notify procedure for applying DDT

Pakistan Hosiery Manufacturers Association has asked the central bank to issue procedure's detail for applying drawback claims under revised PM export package, as the SBP has not yet formulated the process of application for Drawback of Duty and Taxes (DD
Published 29 Nov, 2017 12:00am
LHC seeks record of Pemra chairman's appointment

LHC seeks record of Pemra chairman's appointment

The Lahore High Court on Tuesday while hearing a petition against Chairman Pakistan Electronic Media Regulatory Authority (PEMRA) observed that the world has gone much forward but qualification of chairman PEMRA was still BA. The court directed the counse
Published 29 Nov, 2017 12:00am
Punjab government is for gender equality: minister

Punjab government is for gender equality: minister

"The Punjab government has a firm belief in gender equality and is consistently trying to build a society based on non-discrimination and equal treatment of both men and women." These views were expressed by Punjab Women Development Minister Hameeda Wahee
Published 29 Nov, 2017 12:00am
Ecnec approves PICIIP worth $250 million

Ecnec approves PICIIP worth $250 million

The Executive Committee of the National Economic Council (ECNEC) has approved the Punjab Intermediate Cities Improvement Investment Programme (PICIIP) worth over US $250 million which aims to provide efficient urban services in cities. The meeting approve
Published 29 Nov, 2017 12:00am
PDWP approves projects worth Rs 8993 million

PDWP approves projects worth Rs 8993 million

The Punjab Provincial Development Working Party (PDWP) approved four development schemes of irrigation and health sectors with an estimated cost of Rs 17 billion here on Tuesday including Chief Minister's Stunting Reduction Program at the cost of Rs 8993
Published 29 Nov, 2017 12:00am
Saaf Pani programme reviewed

Saaf Pani programme reviewed

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a high-level meeting here Tuesday to review progress on different matters pertaining to Khadim-e-Punjab Saaf Pani Program. Addressing the meeting, the Chief Minister said that the program of prov
Published 29 Nov, 2017 12:00am
Qadri felicitates army for restoring peace

Qadri felicitates army for restoring peace

Head of Pakistan Awami Tehrik Dr Tahir Ul Qadri has said that Army ensured restoration of peace through agreement for which Pak Army must be congratulated. Treacherous govt wanted to further confuse this matter but could not succeed. Speaking with media a
Published 29 Nov, 2017 12:00am
Minister's assurance to Smeda

Minister's assurance to Smeda

Minister of State for Industries and Production Sardar Muhammad Arshad Khan Leghari on Tuesday assured to make SMEDA funding as important part of the government's annual development plan. The Minister gave this assurance during a briefing at the Small and
Published 29 Nov, 2017 12:00am
Major industry status for LPG sector demanded

Major industry status for LPG sector demanded

LPG sector of Pakistan should be treated as a major industry and should be given all necessary facilities as it is playing a major supportive role by providing cost effective and environment friendly fuel to the middle and lower class besides providing hu
Published 29 Nov, 2017 12:00am
E-commerce is future mode of business: FCCI chief

E-commerce is future mode of business: FCCI chief

E-commerce is the future mode of business which will also provide an opportunity to SME (Small Medium Enterprises) sector to directly supply their products to the end-consumers in any part of the world, said Shabbir Hussain Chawla President Faisalabad Cha
Published 29 Nov, 2017 12:00am
BB's murder case Detention of five acquitted persons extended

BB's murder case Detention of five acquitted persons extended

A review board comprising judges of the Lahore High Court on Tuesday extended detention of five persons acquitted by an anti-terrorism court in Benazir Bhutto murder case. The acquitted persons Rafaqat Hussain, Sher Zaman, Hasnain Gull, Abdul Rasheed and
Published 29 Nov, 2017 12:00am
Altern Energy Limited
Mutual Funds

Altern Energy Limited

Altern Energy Limited (PSX: ALTN) operates a gas based thermal power plant located in Attock, Punjab. The company's sole customer is the Water and Power Development Authority (WAPDA) under a long term Power Purchase Agreement (PPA) till 2031. After expira
Published 29 Nov, 2017 12:00am
Altern Energy Limited
Mutual Funds

Altern Energy Limited

Altern Energy Limited (PSX: ALTN) operates a gas based thermal power plant located in Attock, Punjab. The company's sole customer is the Water and Power Development Authority (WAPDA) under a long term Power Purchase Agreement (PPA) till 2031. After expira
Published 29 Nov, 2017 12:00am
Administrative control: Nepra starts challenging energy ministry

Administrative control: Nepra starts challenging energy ministry

The National Electric Power Regulatory Authority (Nepra) is said to have started challenging the Ministry of Energy (Power Division) after formally coming under the administrative control of Power Division. This was reflected in recent decisions of the re
Published 29 Nov, 2017 12:00am
Civil Aviation's moot of D-8 countries concludes

Civil Aviation's moot of D-8 countries concludes

The two-day meeting, which took place for the first time in Pakistan, was hosted by Pakistan Civil Aviation Authority. Directors General Civil Aviation from member countries that include Bangladesh, Nigeria, Indonesia, Iran, Malaysia, Pakistan and Turkey
Published 29 Nov, 2017 12:00am
SECP issues requirements for CPPI- based CIS
Exchange

SECP issues requirements for CPPI- based CIS

The Securities and Exchange Commission of Pakistan (SECP) has issued requirements for Constant Proportion Portfolio Insurance (CPPI) based Collective Investment Schemes (CIS). According to the SECP circular 30 of 2017 issued here on Wednesday, the commiss
Published 29 Nov, 2017 12:00am
Honour killing: case filed against 16 suspects

Honour killing: case filed against 16 suspects

A case has been filed in the Mominabad police station against 16 suspects allegedly involved in the so-called honour killing of a newly-married couple on Tuesday. The case filed under the Anti-Terrorism Act sections and Section 302 of the Pakistan Penal C
Published 29 Nov, 2017 12:00am
Shale gas exploration: ministry sets up facilitation centre

Shale gas exploration: ministry sets up facilitation centre

Ministry of Energy (Petroleum Division) has established a facilitation center for exploration of shale gas and oil reserves identified in a study carried out in collaboration with the USAID. The center was established after a consortium of state-owned com
Published 29 Nov, 2017 12:00am
India issues medical visas to seven Pakistanis

India issues medical visas to seven Pakistanis

Indian Minister for External Affairs Sushma Swaraj on Tuesday directed to issue medical visas to at least seven Pakistanis while responding to their requests on Twitter. Nine-year-old Maria's father had requested Swaraj to issue medical visa to her daught
Published 29 Nov, 2017 12:00am
US MIDDAY: gold edges up
Exchange

US MIDDAY: gold edges up

Gold inched higher on Tuesday but was still below the previous day's six-week high, mirroring an advance in the US dollar following a confirmation hearing for US Federal Reserve chair nominee, Jerome Powell. The US Federal Reserve is likely to raise inter
Published 29 Nov, 2017 12:00am
US MIDDAY: Russia miner Nornickel sees capex rising by 2019-2020

US MIDDAY: Russia miner Nornickel sees capex rising by 2019-2020

Russia's Norilsk Nickel plans to increase capital expenditure to an average of $2.3 billion to $2.5 billion a year in 2019 and 2020 from about $2 billion in 2018 due to an environmental project and infrastructure modernisation, it said on Monday.
Published 29 Nov, 2017 12:00am
Gold steadies in Europe
Currency

Gold steadies in Europe

Gold steadied below the previous day's six-week high on Tuesday as traders awaited a confirmation hearing for US Federal Reserve chair nominee Jerome Powell, and a possible vote on US tax legislation later this week. In prepared remarks for the hearing re
Published 29 Nov, 2017 12:00am
Gold inches lower in Asia

Gold inches lower in Asia

Gold prices edged lower on Tuesday but held not far off a six-week high hit in the previous session, as investors awaited a confirmation hearing for US Federal Reserve chair nominee Jerome Powell and a possible Senate vote on US tax reforms. Spot gold was
Published 29 Nov, 2017 12:00am
Gold rises in New York

Gold rises in New York

Gold prices rose on Monday, buoyed by a weaker dollar, as investors looked ahead to congressional testimony by the nominee to chair the US Federal Reserve and a meeting between US President Donald Trump and Senate Republicans on tax reform. Spot gold was
Published 29 Nov, 2017 12:00am
Raw sugar prices slide, robusta coffee rebounds

Raw sugar prices slide, robusta coffee rebounds

Raw sugar futures were sharply lower on Tuesday with the market back on the defensive as a fund-fuelled short-covering rally ran out of steam. March raw sugar fell 0.36 cents, or 2.3 percent, to 15.03 cents per lb by 1536 GMT, retreating further from a si
Published 29 Nov, 2017 12:00am
Malaysian palm oil dips on stronger ringgit
Vegetable Oil

Malaysian palm oil dips on stronger ringgit

Malaysian palm oil futures charted a second consecutive day of losses on Tuesday evening despite seeing gains earlier in the day, as a stronger ringgit, which makes the tropical oil more expensive for foreign buyers and aids demand, weighed on prices. The
Published 29 Nov, 2017 12:00am
Rubber unchanged
Exchange

Rubber unchanged

Benchmark Tokyo rubber futures ended unchanged on Tuesday, erasing early losses as the new benchmark Shanghai futures contract traded near a two-week high, brokers said. The Tokyo Commodity Exchange rubber contract for May delivery finished unchanged at 1
Published 29 Nov, 2017 12:00am
Oil prices slip on OPEC deal extension jitters

Oil prices slip on OPEC deal extension jitters

Oil prices eased on Tuesday, weighed down by uncertainty over the outcome of an OPEC meeting this week at which an extension to its price-supporting oil output cuts will be discussed. Prices also briefly came under pressure after a fire broke out at Exxon
Published 29 Nov, 2017 12:00am
Nickel prices at six-week low, copper slips
Exchange

Nickel prices at six-week low, copper slips

Nickel prices hit their lowest level in more than six weeks on Tuesday as the market fretted about weaker demand in top consumer China and rising supplies from major producer Indonesia. Benchmark nickel on the London Metal Exchange ended down 1.9 percent
Published 29 Nov, 2017 12:00am
Shanghai nickel tumbles
Exchange

Shanghai nickel tumbles

Shanghai nickel futures tumbled more than 4 percent on Tuesday to their lowest since mid-October as reforms in China threaten steel-intensive infrastructure projects. ANZ Bank warned that weakness in the stainless steel sector continues to override any ex
Published 29 Nov, 2017 12:00am
Cotton slips from highs on commercial hedge pressure
Cotton

Cotton slips from highs on commercial hedge pressure

ICE cotton settled lower on Monday on commercial hedge pressure, after hitting the highest level in about two and a half months earlier in the session. Cotton contracts for March settled down 0.51 cent, or 0.71 percent, at 71.42 cents per lb. It traded wi
Published 29 Nov, 2017 12:00am
Pope urges respect for human rights in Myanmar, avoids 'Rohingya' row

Pope urges respect for human rights in Myanmar, avoids 'Rohingya' row

Pope Francis on Tuesday urged the leaders of majority-Buddhist Myanmar, mired in a crisis over the fate of Muslim Rohingya people, to commit themselves to justice, human rights and respect for "each ethnic group and its identity". The pope avoided a diplo
Published 29 Nov, 2017 12:00am
Oxford strips Suu Kyi of city's freedom

Oxford strips Suu Kyi of city's freedom

Myanmar leader Aung San Suu Kyi has been stripped of the honorific freedom of Oxford, the British city where she studied and raised her children, over her "inaction" in the Rohingya crisis. "When Aung San Suu Kyi was given the Freedom of the City in 1997
Published 29 Nov, 2017 12:00am
Russia loses contact with satellite

Russia loses contact with satellite

Russia said it had lost contact Tuesday with a weather satellite just hours after it was launched from its Vostochny cosmodrome, in only the second rocket liftoff from the new spaceport. The glitch was a fresh embarrassment for the Kremlin and emblematic
Published 29 Nov, 2017 12:00am
Bangladesh approves controversial Rohingya island

Bangladesh approves controversial Rohingya island

Bangladesh approved a controversial $280 million project to transform a desolate island off its southern coast into a temporary camp for 100,000 Rohingya refugees on Tuesday, despite warnings the site is uninhabitable. The announcement comes just days aft
Published 29 Nov, 2017 12:00am
Ivanka Trump urges India to boost women in workplace

Ivanka Trump urges India to boost women in workplace

Ivanka Trump urged India on Tuesday to close its yawning gender gap in the job market, telling a business summit in her biggest foreign mission yet that this would bring huge economic benefits. US President Donald Trump's eldest daughter urged India to se
Published 29 Nov, 2017 12:00am
Shell 'liable for rights violations' in Nigeria: Amnesty

Shell 'liable for rights violations' in Nigeria: Amnesty

Amnesty International on Tuesday called for Shell to be prosecuted for allegedly helping Nigeria's military to commit human rights abuses in the oil-rich south in the 1990s. The London-based global rights watchdog said the oil giant should be tried in Nig
Published 29 Nov, 2017 12:00am
Flurry of activity hints at North Korea missile test

Flurry of activity hints at North Korea missile test

Signs of unusual activity have been detected in North Korea, the South's unification minister said Tuesday, following reports that Pyongyang may be preparing for a ballistic missile test. The North has stoked international alarm over its banned nuclear mi
Published 29 Nov, 2017 12:00am
German pro-refugee mayor wounded in knife attack

German pro-refugee mayor wounded in knife attack

A knife attacker injured a German town mayor in an assault which officials Tuesday said appeared motivated by the municipal leader's pro-refugee stance. Chancellor Angela Merkel was "horrified by the knife attack", her spokesman Steffen Seibert wrote on T
Published 29 Nov, 2017 12:00am
UAE accuses Qatar of being behind 'war crimes' complaint

UAE accuses Qatar of being behind 'war crimes' complaint

The United Arab Emirates on Tuesday accused Gulf rival Qatar of being behind a call for the International Criminal Court to investigate allegations of war crimes by the UAE in Yemen. A group calling itself the Arab Organisation for Human Rights in the UK
Published 29 Nov, 2017 12:00am
At least 11 dead as floods and landslide hit Indonesia

At least 11 dead as floods and landslide hit Indonesia

At least 11 people have died in severe floods and landslides in the east of Indonesia's main island of Java, an official said Tuesday. A landslide killed nine people at Pacitan in East Java province and two people died in floods triggered by heavy rain in
Published 29 Nov, 2017 12:00am
Curfew as Strauss says England players not 'thug'

Curfew as Strauss says England players not 'thug'

England cricket chief Andrew Strauss says his players are not "thugs" and there is no drinking culture in the team, as he slapped a midnight curfew on the Ashes tour, reports said Tuesday. The move followed Jonny Bairstow's headbutt of Cameron Bancroft in
Published 29 Nov, 2017 12:00am
Shoe Planet Polo Cup: Honda Chenab, Guard Group post victories

Shoe Planet Polo Cup: Honda Chenab, Guard Group post victories

Honda Chenab and Guard Group carved out contrastive victories in opening matches of the Shoe Planet Polo Cup 2017 played here at the Lahore Polo Club ground on Tuesday. Honda Chenab proved too hot for Elan as they outclassed their opponents by 11-6 in the
Published 29 Nov, 2017 12:00am
Real Madrid's Marcelo admits tax fraud

Real Madrid's Marcelo admits tax fraud

Real Madrid left-back Marcelo on Tuesday admitted defrauding the Spanish tax authorities of nearly half a million euros, according to a judicial source. Brazilian international Marcelo admitted to tax fraud in court in Alcobendas, on the outskirts of Madr
Published 29 Nov, 2017 12:00am
Ashes outcast Stokes eyes New Zealand hit-out

Ashes outcast Stokes eyes New Zealand hit-out

Suspended England allrounder Ben Stokes plans to play first-class cricket in New Zealand, officials said Tuesday, potentially paving the way for a dramatic Ashes call-up. Social media went into overdrive late Monday when a picture showing Stokes leaving L
Published 29 Nov, 2017 12:00am
Buffon wins Italy's best player award

Buffon wins Italy's best player award

Italy's veteran goalkeeper Gianluigi Buffon has eased some of his World Cup heartache by winning the Serie A Best Player of the Year award. "I'm happy and proud. I never thought I'd get this kind of trophy, and I'll hold on tight to it because I never won
Published 29 Nov, 2017 12:00am
FIFA unveils Yashin-themed poster for Russia's 2018 World Cup

FIFA unveils Yashin-themed poster for Russia's 2018 World Cup

FIFA presented the official poster for next year's World Cup finals in Moscow on Tuesday, unveiling a vintage design of Soviet goalkeeping great Lev Yashin in flight. Inspired by the constructivist art movement, the poster shows Yashin, wearing a knee bra
Published 29 Nov, 2017 12:00am
Israeli chess players could make history at Saudi tourney

Israeli chess players could make history at Saudi tourney

Israeli chess players could make history by participating in a tournament in Saudi Arabia after the international chess governing body on Tuesday said it was pushing to allow it to happen. A spokesman for the Israel Chess Federation told AFP seven players
Published 29 Nov, 2017 12:00am
Saudi Arabia name Pizzi as third coach in three months

Saudi Arabia name Pizzi as third coach in three months

Former Chile boss Juan Antonio Pizzi was named as Saudi Arabia's third head coach of football in as many months on Tuesday, after Edgardo Bauza's surprise sacking last week. Pizzi will lead Saudi Arabia at the World Cup, having resigned as Chile coach aft
Published 29 Nov, 2017 12:00am
Two more Russian Sochi Winter Olympians stripped of golds

Two more Russian Sochi Winter Olympians stripped of golds

Two more Russian bobsleighers from the 2014 Sochi Winter Olympics have been stripped of their gold medals for doping, the International Olympic Committee (IOC) said on Monday. Aleksei Negodailo and Dmitrii Trunenkov were members of the same four-man bobsl
Published 29 Nov, 2017 12:00am
Kohli leads pay rise call for India cricketers

Kohli leads pay rise call for India cricketers

Indian team skipper Virat Kohli has demanded a greater share of India's growing cricket wealth for players ahead of contract talks this week, officials said. Top players saw their annual basic deals doubled to $300,000 this year. But the Indian squad, who
Published 29 Nov, 2017 12:00am
AFC to maintain ACL format despite Gulf crisis

AFC to maintain ACL format despite Gulf crisis

Matches between clubs from Saudi Arabia, the United Arab Emirates and Qatar will continue to be played on a home-and-away basis in next year's Asian Champions League despite an on-going diplomatic dispute between the Gulf states, the Asian Football Confed
Published 29 Nov, 2017 12:00am
Aussie down, kiwi up
Currency

Aussie down, kiwi up

The Australian dollar was back on the defensive on Tuesday as its fading appeal as a higher-yielding carry currency caused a shake-out in long positions against the Japanese yen. The Aussie was stuck at $0.7606, after an attempted bounce overnight failed
Published 29 Nov, 2017 12:00am
Sterling tumbles against dollar

Sterling tumbles against dollar

Sterling tumbled more than half a percent on Tuesday due to broad dollar demand at the end of month and a return of concerns over Brexit. The British pound fell 0.6 percent to $1.3240 in late trading, on track for its third-biggest daily decline this mont
Published 29 Nov, 2017 12:00am
Yuan eases

Yuan eases

China's yuan eased against the US dollar on Tuesday, after a lower setting for the official midpoint and slightly stronger corporate demand for the greenback, which is weakening. The global dollar index, a gauge that measures the unit's strength against s
Published 29 Nov, 2017 12:00am
Most Asian currencies up

Most Asian currencies up

Most Asian currencies were slightly firmer on Tuesday, and the Philippine peso topped a three-month high, with the dollar largely flat ahead of a possible Senate vote later this week on US tax reform - a key legislative contest for the Trump administratio
Published 29 Nov, 2017 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee closed slightly weaker on Tuesday, as dollar demand from importers outpaced inflows of the US currency from inward remittances, dealers said. The spot rupee closed at 153.73/80 per dollar, compared with Monday's close of 153.63/70. "T
Published 29 Nov, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 82.00-82.20 (previous 81.90-81.90).
Published 29 Nov, 2017 12:00am
Dollar recovers against basket of currencies in New York
Currency

Dollar recovers against basket of currencies in New York

The dollar shook off initial weakness to edge higher against a basket of other major currencies on Monday as traders braced for the resumption of deliberations on the US tax plan and the confirmation hearing for Federal Reserve Governor Jerome Powell as t
Published 29 Nov, 2017 12:00am
Dollar lifts off two-month low in Europe
Currency

Dollar lifts off two-month low in Europe

The dollar stuck near a two-month low on Tuesday as markets awaited the confirmation hearing of new Federal Reserve chair Jerome Powell, though prepared remarks indicated US interest rates would rise very gradually under his watch. With the greenback hemm
Published 29 Nov, 2017 12:00am
Dollar steadies in Asia
Currency

Dollar steadies in Asia

The dollar held steady versus the yen on Tuesday and held above a two-month low, with the near-term focus on a possible Senate vote on a US tax plan later in the week. Moves among major currencies were subdued, with market participants also waiting for a
Published 29 Nov, 2017 12:00am
FTSE boosted by Shell, bank test relief

FTSE boosted by Shell, bank test relief

The UK's top share index rose on Tuesday as oil heavyweight Royal Dutch Shell surged after a solid earnings update and a Bank of England stress test on banks delivered no nasty shocks. A rally of more than 20 percent in Ocado following an "transformative"
Published 29 Nov, 2017 12:00am
Southeast Asian stocks up; Malaysia hits eight-month low

Southeast Asian stocks up; Malaysia hits eight-month low

Most Southeast Asian markets ended higher on Tuesday while Malaysian shares hit a more than eight-month closing low on continued profit booking in index heavyweights. Following a heavy sell-off on Monday, Chinese shares reversed early losses with the CSI
Published 29 Nov, 2017 12:00am
Hong Kong shares little changed

Hong Kong shares little changed

Hong Kong's benchmark share index ended little changed on Tuesday after trimming early losses. The Hang Seng index was unchanged at 29,680.85 points, while the China Enterprises Index lost 0.6 percent to 11,705.58. The index measuring price differences be
Published 29 Nov, 2017 12:00am
Wind turbine makers and Shell lift European shares

Wind turbine makers and Shell lift European shares

Wind turbine makers and oil major Royal Dutch Shell propelled European stocks higher on Tuesday, boosting sentiment on the energy sector ahead of Thursday's Opec meeting, while dispelled political risks in Ireland also supported the market. The STOXX 600
Published 29 Nov, 2017 12:00am
Australian, New Zealand shares lower

Australian, New Zealand shares lower

Australian shares ended a touch lower on Tuesday as gains in utilities and consumer staples were offset by a dip in financials and commodity-related stocks. The S&P/ASX 200 index was down 0.07 percent or 4.473 points to 5984.3 at the close of trade. The u
Published 29 Nov, 2017 12:00am
Egypt market surges as FX control removed
Currency

Egypt market surges as FX control removed

Egypt's stock market surged on Tuesday after the central bank removed caps on deposits and withdrawals of foreign currency for importers, scrapping one of the last currency controls in place since the Arab Spring uprising in 2011. The blue-chip index regi
Published 29 Nov, 2017 12:00am
Treasury yields edge lower

Treasury yields edge lower

Treasury yields slipped on Monday in choppy trading, partly dragged down by a combination of a pullback on Wall Street after hitting record highs earlier, plus reports that North Korea may be preparing for another nuclear missile test. "Weakness in equiti
Published 29 Nov, 2017 12:00am
Treasury yields edge lower

Treasury yields edge lower

Treasury yields slipped on Monday in choppy trading, partly dragged down by a combination of a pullback on Wall Street after hitting record highs earlier, plus reports that North Korea may be preparing for another nuclear missile test. "Weakness in equiti
Published 29 Nov, 2017 12:00am
Indian shares fall

Indian shares fall

Indian shares snapped an eight-session gaining streak to end lower on Tuesday amid caution ahead of September-quarter economic growth data, and dragged down by market heavyweights such as Reliance Industries Ltd and Infosys Ltd. The broader NSE index clos
Published 29 Nov, 2017 12:00am
Energy slumps, Amazon shines as Wall Street ends flat
Exchange

Energy slumps, Amazon shines as Wall Street ends flat

Wall Street's major indexes ended little changed on Monday, retreating modestly from record highs set during the session, as gains for Amazon countered losses in shares of energy companies. Investors also digested strong economic data, which showed sales
Published 29 Nov, 2017 12:00am
Tuesday's early trade: Indexes hover record levels

Tuesday's early trade: Indexes hover record levels

Wall Street indexes hovered near record levels on Tuesday as investors digested comments from Federal Reserve chair nominee Jerome Powell and shrugged off concerns over progress of the US tax bill. Data pointing to better-than-expected consumer confidence
Published 29 Nov, 2017 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks edged down on Tuesday, with investor sentiment depressed by media reports that Japan had detected signs of activity at a North Korean missile site. The benchmark Nikkei 225 index fell 0.04 percent, or 9.75 points, to close at 22,486.24. The b
Published 29 Nov, 2017 12:00am
China stocks rebound

China stocks rebound

China stocks reversed earlier losses to end higher on Tuesday, led by gains in consumer and material firms, as investors hunted for bargains after recent falls. Sector performance was mixed. Consumer and material firms led the rebound, up 1.8 percent and
Published 29 Nov, 2017 12:00am
US consumer confidence near 17-year high; goods trade deficit widens

US consumer confidence near 17-year high; goods trade deficit widens

US consumer confidence surged to a near 17-year high in November, driven by a robust labour market, while house prices rose sharply in September, which should underpin consumer spending and boost economic growth. The near-term growth outlook was, however,
Published 29 Nov, 2017 12:00am
Growth in lending to eurozone businesses jumps

Growth in lending to eurozone businesses jumps

The pace of growth in lending to eurozone businesses picked up sharply in October, data released by the European Central Bank showed Tuesday, suggesting lenders and companies remain confident. Credit to businesses added 2.9 percent year-on-year last month
Published 29 Nov, 2017 12:00am
Turkey issues warrants over US case against banker

Turkey issues warrants over US case against banker

Turkey on Tuesday issued arrest warrants for two men accused of handing Washington fabricated reports and stealing documents in a case against a top Turkish banker suspected of violating US sanctions on Iran, local media reported. Former main opposition R
Published 29 Nov, 2017 12:00am
Airbus offices raided

Airbus offices raided

French investigators raided the offices of European aviation giant Airbus last week as part of a corruption probe over a massive 2010 trade deal with Kazakhstan, legal sources said Tuesday. An Airbus spokesman confirmed the search Thursday in the Paris su
Published 29 Nov, 2017 12:00am
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