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Archive - 2017-12-01
Preventing slide into anarchy

Preventing slide into anarchy

Once known as the 'City of Lights' for its vibrant night life, a good part of Karachi lives in almost darkness, devoid of continuous power. This mega city's momentum has led the nascent nation's economy as the financial and commercial hub of Pakistan, Kar
Updated 02 Dec, 2017 12:00pm
Loans galore!
Exchange

Loans galore!

Data released by the Economic Affairs Division (EAD) reveals that the untenable policy of borrowing from the foreign commercial banking sector is continuing even after Ishaq Dar became non-functional as the country's finance minister dated to the Panama P
Updated 02 Dec, 2017 10:26am
Georgia's economy gathers pace, grows 4.9 percent

Georgia's economy gathers pace, grows 4.9 percent

Georgia's economy expanded by 4.9 percent year-on-year in the first 10 months of 2017, official data showed on Thursday, up from 2.5 percent in the same period of 2016. Economic growth accelerated thanks to higher exports and remittances from abroad.
Published 01 Dec, 2017 12:00am
Mexico gets new central bank chief

Mexico gets new central bank chief

Mexico's president named US-trained policymaker Alejandro Diaz de Leon to head the central bank Tuesday, a figure analysts said would likely continue the hawkish policies of widely respected incumbent Agustin Carstens. Carstens, who led the Bank of Mexico
Published 01 Dec, 2017 12:00am
Citi shares low-tech cash machines to lure customers on the cheap

Citi shares low-tech cash machines to lure customers on the cheap

Citigroup Inc has plugged into tens of thousands of outside vendors' cash dispensers across the United States this year, part of a plan to cut costs and entice customers after closing hundreds of branches. It signed up with major US ATM network Allpoint,
Published 01 Dec, 2017 12:00am
Consumption powers Polish economy, investment slowly recovers

Consumption powers Polish economy, investment slowly recovers

A strong rise in consumption together with rising exports and a recovery in investment propelled Poland's economic growth to nearly five percent in the third quarter, its fastest pace in five and a half years, official data showed on Thursday. Economic gr
Published 01 Dec, 2017 12:00am
Japan and China dominate list of world's top restaurants

Japan and China dominate list of world's top restaurants

Japan and China have more of the world's best restaurants than anywhere else, according to the La Liste ranking, which will be published next week. Although the French-based list will declare Guy Savoy's flagship Paris riverside restaurant the best in the
Published 01 Dec, 2017 12:00am
Spain shrugs off effects of Catalan crisis on economy this year

Spain shrugs off effects of Catalan crisis on economy this year

Spain's economy minister on Thursday shrugged off short-term effects on the economy from the secessionist crisis in Catalonia, a political convulsion that has prompted an exodus of thousands of companies and a slump in retail sales. Fourth quarter growth
Published 01 Dec, 2017 12:00am
Hong Kong's retail sales grow for eighth month

Hong Kong's retail sales grow for eighth month

Hong Kong's retail sales expanded for an eighth consecutive month boosted by improved consumer sentiment and a continued revival in tourism, especially from the Chinese mainland. October retail sales grew 3.9 percent from a year earlier to HK$37.5 billion
Published 01 Dec, 2017 12:00am
Eid Miladun Nabi (SAW) Mubarak

Eid Miladun Nabi (SAW) Mubarak

Strict security measures have been taken by the district governments to maintain law and order today. The Punjab government, for example has directed all the district and tehsil administration officers to take strict security measures in this regard. In t
Published 01 Dec, 2017 12:00am
'Selling death': Australian cemeteries get new lease of life

'Selling death': Australian cemeteries get new lease of life

From the graveside to the dinner plate, olive oil is being harvested from centuries-old trees at a Australian cemetery in a bid to shake up people's attitudes towards death and burial sites. The full-bodied oil from Adelaide city's West Terrace Cemetery i
Published 01 Dec, 2017 12:00am
E-sport popularity mushrooms but money lags behind

E-sport popularity mushrooms but money lags behind

It is a paradox pitting popularity against relative pittances -- e-sports have exploded into the global consciousness but the big money has not yet appeared pitchside, or screenside. Participation has soared as virtual games gain traction, with a worldwid
Published 01 Dec, 2017 12:00am
Art Facts: Splendid works of Mashkoor Raza

Art Facts: Splendid works of Mashkoor Raza

Filled with energy and life Mashkoor Raza's new works in a solo exhibition at Clifton Gallery, Karachi were like a breath of fresh air. He has great natural creative ability and skill in rendition of colours, handling of space and composition. His forcefu
Published 01 Dec, 2017 12:00am
Breaking boundaries

Breaking boundaries

Artist Farazeh Syed creatively re-imagined that has always been off limits and beyond boundaries for women in our society in her recent exhibition titled "Re-imagining the imagined" at Sanat Gallery, Karachi. Her paintings bring forth a different narrativ
Published 01 Dec, 2017 12:00am
World's only particle accelerator for art revs up in Paris

World's only particle accelerator for art revs up in Paris

The world's only particle accelerator dedicated to art was switched on at the Louvre in Paris last Thursday to help experts analyse ancient and precious works. The 37-metre (88-foot) AGLAE accelerator housed underneath the huge Paris museum will be now us
Published 01 Dec, 2017 12:00am
Metal recyclers prepare for electric car revolution

Metal recyclers prepare for electric car revolution

Recycling companies are honing processes to extract metals from old batteries more cheaply and efficiently so they can capitalize on an expected shortfall in materials such as cobalt and lithium when sales of electric cars take off. The main obstacle recy
Published 01 Dec, 2017 12:00am
Counting the costs: US hospitals feeling the pain of physician burnout

Counting the costs: US hospitals feeling the pain of physician burnout

Dr Brian Halloran, a vascular surgeon at St. Joseph Mercy Ann Arbor, starts planning his garden long before spring arrives in southeast Michigan. His tiny plot, located in the shadow of the 537-bed teaching hospital, helps Halloran cope with burnout from
Published 01 Dec, 2017 12:00am
Babies learn what words mean before they can use them

Babies learn what words mean before they can use them

Babies begin to learn words and what they mean well before they begin talking, and researchers are beginning to understand how they do it. "I think it's especially intriguing that we find evidence that for infants, even their early words aren't 'islands':
Published 01 Dec, 2017 12:00am
Oscars bid for story of 'Pakistan's toughest woman'

Oscars bid for story of 'Pakistan's toughest woman'

As 200 armed men surrounded their house on a hot August night in 2005, Nazo Dharejo and her sisters grabbed their Kalashnikov and puny stock of ammunition and climbed to the roof. The gunfight which followed earned her the moniker "Pakistan's toughest wom
Published 01 Dec, 2017 12:00am
Gary Oldman slays dragons to play Churchill in 'Darkest Hour'

Gary Oldman slays dragons to play Churchill in 'Darkest Hour'

Gary Oldman has played Beethoven, Lee Harvey Oswald, Sid Vicious and Pontius Pilate in his 35-year acting career, but he says taking on Britain's Winston Churchill was by far the most daunting. Months of research, four hours for makeup and costumes every
Published 01 Dec, 2017 12:00am
'Hostiles' attempts progressive depiction of Wild West

'Hostiles' attempts progressive depiction of Wild West

Before superhero movies, the Western was the go-to cinematic archetype for action filmmakers keen to employ its problematic tropes in the service of some supposedly noble message. The Old West all but disappeared from the silver screen as Hollywood became
Published 01 Dec, 2017 12:00am
Bridge Notes: Killing defense at Bridge

Bridge Notes: Killing defense at Bridge

Killing defense in Bridge is a serious business one has to go through a painstaking process of card placement and favorable assumption for the defence to prevail. Both inferential and logical reasoning are the vital elements in the killing defence that al
Published 01 Dec, 2017 12:00am
Singer Jon Hendricks, 'poet laureate of jazz,' dies at 96

Singer Jon Hendricks, 'poet laureate of jazz,' dies at 96

Jon Hendricks, a jazz singer whose compelling scat-style renditions and lyricizing of instrumental standards earned him the nickname "the James Joyce of jive," has died in New York, his family told The New York Times. He was 96. No cause of death was give
Published 01 Dec, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Dec, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Dec, 2017 12:00am
Message from Consul General of the UAE
Exchange

Message from Consul General of the UAE

On December 2, 2017, the UAE celebrates its 46th National Day. This same day in 1971 marked the establishment of the Emirates, a union that has come to be a leading model of sustainable development, progress and growth in the region and beyond.
Published 01 Dec, 2017 12:00am
About Bank Alfalah
Exchange

About Bank Alfalah

Bank Alfalah is the fifth largest private bank in Pakistan with a network of over 600 branches in more than 200 cities. The Bank has an international presence in Afghanistan, Bangladesh and Bahrain and a representative office in the UAE. The Bank is owned
Published 01 Dec, 2017 12:00am
PTCL building a digital and connected Pakistan
Exchange

PTCL building a digital and connected Pakistan

PTCL extends its felicitations to the government and people of the UAE on their 46th National Day. Pakistan and UAE are two Muslim countries who enjoy brotherly relations with each other and focus on peaceful co-existence and common interests. With inves
Published 01 Dec, 2017 12:00am
U Microfinance Bank - Profile

U Microfinance Bank - Profile

U Microfinance Bank Ltd. (U Bank) is a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) - Etisalat Company. The bank has a network of 90 touch points, across 85 cities and rural areas in Pakistan and offers a wide range of micr
Published 01 Dec, 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 Thursday (November 30, 2017).

Published 01 Dec, 2017 12:00am
Bill buying rates per unit of currency
Currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (November 30, 2017).

Published 01 Dec, 2017 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (November 30, 2017).
Published 01 Dec, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (November 30, 2017).

Published 01 Dec, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (November 30, 2017).

Published 01 Dec, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (November 30, 2017).

Published 01 Dec, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (November 30, 2017).

Published 01 Dec, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (November 30, 2017).

Published 01 Dec, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (November 30, 2017).

Published 01 Dec, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (November 30, 2017).

Published 01 Dec, 2017 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Friday (December 1) on account of Eid-e-Milad-un-Nabi (PBUH). There will, therefore, be no issue of the newspaper and the internet edition tomorrow, Saturday (December 2).
Published 01 Dec, 2017 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Friday (December 1) on account of Eid-e-Milad-un-Nabi (PBUH). There will, therefore, be no issue of the newspaper and the internet edition tomorrow, Saturday (December 2).
Published 01 Dec, 2017 12:00am
Eid-e-Milad-un-Nabi today

Eid-e-Milad-un-Nabi today

Eid-e-Milad-un-Nabi (SAW) is being celebrated across the country and Azad Kashmir with religious zeal and fervour on Friday (today). The day will dawn with a 31-gun salute in the federal capital and 21-gun salutes in all the provincial capitals to pay hom
Published 01 Dec, 2017 12:00am
Eid-e-Milad-un-Nabi today

Eid-e-Milad-un-Nabi today

Eid-e-Milad-un-Nabi (SAW) is being celebrated across the country and Azad Kashmir with religious zeal and fervour on Friday (today). The day will dawn with a 31-gun salute in the federal capital and 21-gun salutes in all the provincial capitals to pay hom
Published 01 Dec, 2017 12:00am
Faizabad sit-in: SC censures broadcast media

Faizabad sit-in: SC censures broadcast media

Supreme Court Thursday observed that instead of promoting the teachings of Islam and observing the existing laws, the national media created chaos and failed to play responsible role in Islamabad sit-in. Resuming the hearing of suo motu over weeks long si
Published 01 Dec, 2017 12:00am
Faizabad sit-in: SC censures broadcast media

Faizabad sit-in: SC censures broadcast media

Supreme Court Thursday observed that instead of promoting the teachings of Islam and observing the existing laws, the national media created chaos and failed to play responsible role in Islamabad sit-in. Resuming the hearing of suo motu over weeks long si
Published 01 Dec, 2017 12:00am
'Let democracy flourish,' says Bilawal

'Let democracy flourish,' says Bilawal

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has said that all forces should stop fighting and let democracy and economy flourish. Bilawal Bhutto Zardari expressed these views while talking to the media persons on the occasion of PPP's gol
Published 01 Dec, 2017 12:00am
'Let democracy flourish,' says Bilawal

'Let democracy flourish,' says Bilawal

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has said that all forces should stop fighting and let democracy and economy flourish. Bilawal Bhutto Zardari expressed these views while talking to the media persons on the occasion of PPP's gol
Published 01 Dec, 2017 12:00am
PM rejects US accusations of safe havens

PM rejects US accusations of safe havens

Prime Minister Shahid Khaqan Abbasi has rejected US accusations of Pakistan providing sanctuary to militant groups, stressing that attacks in the region were originating from Afghanistan. In an interview with Bloomberg, the prime minister said Pakistan wo
Published 01 Dec, 2017 12:00am
PM rejects US accusations of safe havens

PM rejects US accusations of safe havens

Prime Minister Shahid Khaqan Abbasi has rejected US accusations of Pakistan providing sanctuary to militant groups, stressing that attacks in the region were originating from Afghanistan. In an interview with Bloomberg, the prime minister said Pakistan wo
Published 01 Dec, 2017 12:00am
Opec, Russia agree oil cut extension to end of 2018

Opec, Russia agree oil cut extension to end of 2018

Opec and non-Opec producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signalling a possible early exit from the deal if the market overheats. Russia, which
Published 01 Dec, 2017 12:00am
Opec, Russia agree oil cut extension to end of 2018

Opec, Russia agree oil cut extension to end of 2018

Opec and non-Opec producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signalling a possible early exit from the deal if the market overheats. Russia, which
Published 01 Dec, 2017 12:00am
Opec, Russia agree oil cut extension to end of 2018

Opec, Russia agree oil cut extension to end of 2018

Opec and non-Opec producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signalling a possible early exit from the deal if the market overheats. Russia, which
Published 01 Dec, 2017 12:00am
BRIndex100 gains 39.16 points
Exchange

BRIndex100 gains 39.16 points

Despite foreign selling, Pakistan Stock Exchange Thursday witnessed a positive trend on the back of fresh buying by local investors on available attractive levels. BRIndex100 gained 39.16 points or 0.93 percent to close at 4,264.84 points. BRIndex100 touc
Published 01 Dec, 2017 12:00am
BRIndex100 gains 39.16 points
Exchange

BRIndex100 gains 39.16 points

Despite foreign selling, Pakistan Stock Exchange Thursday witnessed a positive trend on the back of fresh buying by local investors on available attractive levels. BRIndex100 gained 39.16 points or 0.93 percent to close at 4,264.84 points. BRIndex100 touc
Published 01 Dec, 2017 12:00am
BRIndex100 gains 39.16 points
Exchange

BRIndex100 gains 39.16 points

Despite foreign selling, Pakistan Stock Exchange Thursday witnessed a positive trend on the back of fresh buying by local investors on available attractive levels. BRIndex100 gained 39.16 points or 0.93 percent to close at 4,264.84 points. BRIndex100 touc
Published 01 Dec, 2017 12:00am
Five-year sukuk: 12bps higher rate of return offered

Five-year sukuk: 12bps higher rate of return offered

Pakistan has offered 12 basis points higher rate of return on five-year Sukuk bonds in the current fiscal year as opposed to last fiscal year to raise $1 billion from the international market. On Thursday, Pakistan issued US$ 1 billion five year Sukuk at
Published 01 Dec, 2017 12:00am
Five-year sukuk: 12bps higher rate of return offered

Five-year sukuk: 12bps higher rate of return offered

Pakistan has offered 12 basis points higher rate of return on five-year Sukuk bonds in the current fiscal year as opposed to last fiscal year to raise $1 billion from the international market. On Thursday, Pakistan issued US$ 1 billion five year Sukuk at
Published 01 Dec, 2017 12:00am
Five-year sukuk: 12bps higher rate of return offered

Five-year sukuk: 12bps higher rate of return offered

Pakistan has offered 12 basis points higher rate of return on five-year Sukuk bonds in the current fiscal year as opposed to last fiscal year to raise $1 billion from the international market. On Thursday, Pakistan issued US$ 1 billion five year Sukuk at
Published 01 Dec, 2017 12:00am
Five-year sukuk: 12bps higher rate of return offered

Five-year sukuk: 12bps higher rate of return offered

Pakistan has offered 12 basis points higher rate of return on five-year Sukuk bonds in the current fiscal year as opposed to last fiscal year to raise $1 billion from the international market. On Thursday, Pakistan issued US$ 1 billion five year Sukuk at
Published 01 Dec, 2017 12:00am
Government in LNG talks with France, Italy and Spain

Government in LNG talks with France, Italy and Spain

Government is in liquefied natural gas (LNG) supply talks with France, Italy and Spain, a senior Pakistani source said, which could lead to contracts for Engie, Eni and Gas Natural Fenosa. Intergovernment agreements (IGAs) could help Pakistan speed up its
Published 01 Dec, 2017 12:00am
Government in LNG talks with France, Italy and Spain

Government in LNG talks with France, Italy and Spain

Government is in liquefied natural gas (LNG) supply talks with France, Italy and Spain, a senior Pakistani source said, which could lead to contracts for Engie, Eni and Gas Natural Fenosa. Intergovernment agreements (IGAs) could help Pakistan speed up its
Published 01 Dec, 2017 12:00am
Government in LNG talks with France, Italy and Spain

Government in LNG talks with France, Italy and Spain

Government is in liquefied natural gas (LNG) supply talks with France, Italy and Spain, a senior Pakistani source said, which could lead to contracts for Engie, Eni and Gas Natural Fenosa. Intergovernment agreements (IGAs) could help Pakistan speed up its
Published 01 Dec, 2017 12:00am
Provisional figures: FBR collects Rs 1.3 trillion in July-November

Provisional figures: FBR collects Rs 1.3 trillion in July-November

The Federal Board of Revenue (FBR) has provisionally collected Rs 1,302 billion during the first five months (July-November 2017-18) as compared to Rs 1,089 billion collected during the same period of 2016-17, reflecting an increase of 19.55 percent.
Published 01 Dec, 2017 12:00am
Provisional figures: FBR collects Rs 1.3 trillion in July-November

Provisional figures: FBR collects Rs 1.3 trillion in July-November

The Federal Board of Revenue (FBR) has provisionally collected Rs 1,302 billion during the first five months (July-November 2017-18) as compared to Rs 1,089 billion collected during the same period of 2016-17, reflecting an increase of 19.55 percent.
Published 01 Dec, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 01 Dec, 2017 12:00am
Provisional figures: FBR collects Rs 1.3 trillion in July-November

Provisional figures: FBR collects Rs 1.3 trillion in July-November

The Federal Board of Revenue (FBR) has provisionally collected Rs 1,302 billion during the first five months (July-November 2017-18) as compared to Rs 1,089 billion collected during the same period of 2016-17, reflecting an increase of 19.55 percent.
Published 01 Dec, 2017 12:00am
Rs 1.48 increase in petrol price

Rs 1.48 increase in petrol price

Federal government on Thursday increased the prices of petroleum products for the month of December following recommendations of Oil and Gas Regulatory Authority (OGRA). The federal government announced an increase of Rs 1.48 per litre in price of petrol
Published 01 Dec, 2017 12:00am
Rs 1.48 increase in petrol price

Rs 1.48 increase in petrol price

Federal government on Thursday increased the prices of petroleum products for the month of December following recommendations of Oil and Gas Regulatory Authority (OGRA). The federal government announced an increase of Rs 1.48 per litre in price of petrol
Published 01 Dec, 2017 12:00am
Rs 1.48 increase in petrol price

Rs 1.48 increase in petrol price

Federal government on Thursday increased the prices of petroleum products for the month of December following recommendations of Oil and Gas Regulatory Authority (OGRA). The federal government announced an increase of Rs 1.48 per litre in price of petrol
Published 01 Dec, 2017 12:00am
Date of filing returns extended up to December 15

Date of filing returns extended up to December 15

Federal Board of Revenue has extended the date of filing of returns/statements for the Tax Year 2017 upto December 15, 2017. According to FBR circular issued late Thursday night, n exercise of the powers conferred under Section 214A of the Income Tax Ordi
Published 01 Dec, 2017 12:00am
Yemen rebel ballistic missile 'hits target' in Saudi Arabia

Yemen rebel ballistic missile 'hits target' in Saudi Arabia

Yemen's Iran-backed Huthi rebels said Thursday they fired a ballistic missile at Saudi Arabia and hit a military target, in the second such attack this month, after threatening to retaliate over a crippling blockade. "We confirm the success of our ballist
Published 01 Dec, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (November 30, 2017).

Published 01 Dec, 2017 12:00am
Defiant Iran refuses to bow out of Middle East affairs

Defiant Iran refuses to bow out of Middle East affairs

Iran on Thursday brushed off suggestions it should curb its reach in the Middle East and denied accusations of meddling, saying it was "going nowhere". Iran and Saudi Arabia are engaged in a regional battle for dominance being fought by proxies in Syria,
Published 01 Dec, 2017 12:00am
THE RUPEE: minor changes
Currency

THE RUPEE: minor changes

The rupee moved slightly in terms of the dollar on Thursday in the process of trading, dealers said. INTER-BANK MARKET RATES: The rupee shed three paisas against the dollar for buying and selling at Rs 105.50 and Rs 105.5
Published 01 Dec, 2017 12:00am
Three killed, eight injured in Khairpur rally attack

Three killed, eight injured in Khairpur rally attack

At least three people were killed and eight others injured in firing on rally here on Thursday. Police said that a religious organization Tehreek Labbaik Ya Rasool Allah (TLYRA) on the occasion of Eid Milad-un-Nabi held a rally in Khairpur. As the rally r
Published 01 Dec, 2017 12:00am
THE RUPEE: minor changes
Currency

THE RUPEE: minor changes

The rupee moved slightly in terms of the dollar on Thursday in the process of trading, dealers said. INTER-BANK MARKET RATES: The rupee shed three paisas against the dollar for buying and selling at Rs 105.50 and Rs 105.5
Published 01 Dec, 2017 12:00am
Three killed, eight injured in Khairpur rally attack

Three killed, eight injured in Khairpur rally attack

At least three people were killed and eight others injured in firing on rally here on Thursday. Police said that a religious organization Tehreek Labbaik Ya Rasool Allah (TLYRA) on the occasion of Eid Milad-un-Nabi held a rally in Khairpur. As the rally r
Published 01 Dec, 2017 12:00am
SC acquits three suspects in Musharraf attack case

SC acquits three suspects in Musharraf attack case

Three suspects in Musharraf attack case have been freed by the Supreme Court of Pakistan due to insufficient evidence. Justice Asif Saeed Khosa remarked that the prosecutor failed to prove his case against the suspects. On the other hand, Justice Dost Muh
Published 01 Dec, 2017 12:00am
SC acquits three suspects in Musharraf attack case

SC acquits three suspects in Musharraf attack case

Three suspects in Musharraf attack case have been freed by the Supreme Court of Pakistan due to insufficient evidence. Justice Asif Saeed Khosa remarked that the prosecutor failed to prove his case against the suspects. On the other hand, Justice Dost Muh
Published 01 Dec, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 30, 2017).

Published 01 Dec, 2017 12:00am
Probe into chemical attacks on Kashmiris demanded

Probe into chemical attacks on Kashmiris demanded

Foreign Office Thursday voiced Pakistan's serious concerns over reports of use of chemical weapons by India in Occupied Kashmir and called for an independent investigation, including through Organization for the Prohibition of Chemical Weapons (OPCW), int
Published 01 Dec, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 30, 2017).

Published 01 Dec, 2017 12:00am
Probe into chemical attacks on Kashmiris demanded

Probe into chemical attacks on Kashmiris demanded

Foreign Office Thursday voiced Pakistan's serious concerns over reports of use of chemical weapons by India in Occupied Kashmir and called for an independent investigation, including through Organization for the Prohibition of Chemical Weapons (OPCW), int
Published 01 Dec, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Exchange

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (November 30, 2017).

Published 01 Dec, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (November 30, 2017)

Published 01 Dec, 2017 12:00am
Overhauling justice system
Exchange

Overhauling justice system

In any society, administration and dispensation of justice should be the top most priority. A society without a sound, reliable and speedy judicial system, which does not ensure effective dispensation of justice, cannot progress. Administration and dispen
Published 01 Dec, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (November 30, 2017).

Published 01 Dec, 2017 12:00am
US trial threatens funding for Turkey's dollar-dependent banks
Libor

US trial threatens funding for Turkey's dollar-dependent banks

Turkey's deteriorating finances are hurting the country's banks whose reliance on dollar funding makes them vulnerable to the worst-case scenario: a sudden halt or reversal of foreign investment flows. International investors are growing nervous about Tur
Published 01 Dec, 2017 12:00am
Government has procured $1 billion loans in just four months!

Government has procured $1 billion loans in just four months!

How ironic it is that the country has procured $1.022 billion commercial loans from foreign banks in the first four months (July-October) of the current fiscal year 2017-18, thus surpassing the budgeted estimates of $1 billion for the entire year. Accordi
Published 01 Dec, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 30, 2017).

Published 01 Dec, 2017 12:00am
The Weather

The Weather

The weather report on Thursday (November 30, 2017) and the forecast for Friday (December 01, 2017).

Published 01 Dec, 2017 12:00am
KMU, ICRC ink MoU

KMU, ICRC ink MoU

Khyber Medical University (KMU), Peshawar and International Committee of the Red Cross (ICRC), Pakistan has signed a Memorandum Of Understanding (MOU) for mutual cooperation to strengthen the health care system of Khyber Pakhtunkhwa and FATA. The framewor
Published 01 Dec, 2017 12:00am
KP fixes minimum support price of sugar cane

KP fixes minimum support price of sugar cane

KP government on Thursday directed the management of all seven operational sugar mills including Khazana Sugar Mills Peshawar, Premier Sugar Mills Mardan, Bannu Sugar Mills Serai Naurang, Al-Moiz Sugar Mills D I Khan, Tandlainwala Sugar Mills D I Khan, Ch
Published 01 Dec, 2017 12:00am
Modern reservation office opens at Pindi Railway station

Modern reservation office opens at Pindi Railway station

Secretary Railways Parveen Agha has inaugurated up-to-date Railways reservation office at Rawalpindi Railway Station on Thursday to assist the rail passengers in purchasing tickets effortlessly. The old Railways reservation office has been fully refurbish
Published 01 Dec, 2017 12:00am
Ahsan pays surprise visits to various police stations

Ahsan pays surprise visits to various police stations

Interior Minister Ahsan Iqbal on Thursday said that police would have to be public-friendly as without assistance of citizens crime cannot be curbed. The minister, who paid a sudden visit to different police stations of the federal capital including Ramna
Published 01 Dec, 2017 12:00am
Two Navy ships visit Bandar Abbas

Two Navy ships visit Bandar Abbas

Pakistan Navy Ships RAHNAWARD (Tall Training Ship) and DEHSHAT (Fast Attack Craft-Missile) visited Iranian port of Bandar Abbas from 20-24 November 2017. The Port call elicited a warm response and cordial hospitality by both the Iranian Navy and Governmen
Published 01 Dec, 2017 12:00am
Over 15,000 security personnel deployed in Lahore: CCPO

Over 15,000 security personnel deployed in Lahore: CCPO

The city police have intensified security of the provincial capital by deploying over 15,000 security personnel on duty for the protection of religious gatherings and processions during the celebrations of Eid Milad-un-Nabi (PBUH). Talking to media person
Published 01 Dec, 2017 12:00am
OGRA's 'countrywide consultative sessions'

OGRA's 'countrywide consultative sessions'

Oil and Gas Regulatory Authority (OGRA) in collaboration with World Bank has initiated countrywide consultative sessions on Third Party Access Rules 2012, Network Code and Tariff Regime for gas sector reforms. In this connection, the first session was hel
Published 01 Dec, 2017 12:00am
Promotion of IPRs: US Commerce Department assures support

Promotion of IPRs: US Commerce Department assures support

United States Department of Commerce extended complete support for promotion of Intellectual Property Rights (IPRs) in Pakistan while closely working with Intellectual Property Organization (IPO-Pakistan) and expressed the hope that the closer cooperation
Published 01 Dec, 2017 12:00am
Careem launches bike service in Lahore

Careem launches bike service in Lahore

Careem has launched bike service for citizens after earning name in taxi service through cars and auto-rickshaws. The citizens can hire a bike after using mobile application of the company. The launching rally of bike service held at the Azadi Chowk. It w
Published 01 Dec, 2017 12:00am
WWB contractor nabbed on corruption charges

WWB contractor nabbed on corruption charges

National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Thursday arrested an accused Umar Waqas (Absconder) Owner of Umar & Co. Alfalah Street, Arbab Road, Peshawar. He is allegedly involved in huge loss to state exchequer by supplying substandard equi
Published 01 Dec, 2017 12:00am
Re-rollable scrap: FBR clarifies GST liability of ship breakers

Re-rollable scrap: FBR clarifies GST liability of ship breakers

The Federal Board of Revenue (FBR) has clarified sales tax liability of ship breakers with the direction that discharge of sales tax liability on local supply of re-rollable scrap is to be calculated @ 70.5 percent of total Least Displacement Tonnage (LDT
Published 01 Dec, 2017 12:00am
Kulsoom Nawaz: PTI seeks CEC's clarification over delay in taking oath

Kulsoom Nawaz: PTI seeks CEC's clarification over delay in taking oath

Pakistan Tehreek-e-Insaf (PTI) Thursday demanded chief election commissioner (CEC) to explain Election Commission of Pakistan's position in Kulsoom Nawaz's delay in taking oath as Member of National Assembly (MNA) following her victory in NA-120 by-polls
Published 01 Dec, 2017 12:00am
PTI to hold youth convention on December 9

PTI to hold youth convention on December 9

Pakistan Tehreek-e-Insaf (PTI) Thursday announced to hold a convention of youth belonging to Federally Administered Tribal Areas (Fata) in the federal capital on December 9 to accelerate merger of tribal areas with Khyber Pakhtunkhwa.
Published 01 Dec, 2017 12:00am
JI's countrywide protests today

JI's countrywide protests today

Jamaat-e-Islami leader Siraj-ul-Haq on Thursday demanded a judicial probe into the controversial amendment to the Khatm-e-Nabooat law and announced his party's decision to hold protests across the country on the 12th of Rabiul Awwal as a "yaum-e-Azm-e-Tah
Published 01 Dec, 2017 12:00am
Accord to end sit-in: PPP submits adjournment motion in NA Secretariat

Accord to end sit-in: PPP submits adjournment motion in NA Secretariat

Pakistan Peoples Party (PPP) has submitted an adjournment motion in the National Assembly Secretariat regarding the agreement made by the government to end sit-in at Faizabad Interchange, Islamabad. The adjournment motion was submitted by PPP MNAs Dr Nafi
Published 01 Dec, 2017 12:00am
Ferry service to Muscat, Iran in the offing

Ferry service to Muscat, Iran in the offing

The National Assembly Standing Committee on Maritime Affairs was informed on Thursday that a ferry service to Iran and Muscat could help generate billions of rupees revenue for the country. The meeting of the committee was held here in the chair of MNA Sy
Published 01 Dec, 2017 12:00am
Azerbaijan to buy training aircraft from Pakistan

Azerbaijan to buy training aircraft from Pakistan

Azerbaijan will soon sign an agreement with Pakistan on the acquisition of training aircraft, Azerbaijani Foreign Minister Elmar Mammadyarov announced on Thursday. "The occupation of 20 percent of Azerbaijani lands necessitates the development of the defe
Published 01 Dec, 2017 12:00am
Pakistan, China consultative meeting held in Beijing
Exchange

Pakistan, China consultative meeting held in Beijing

The Third Round of Border and Boundary Consultations between Pakistan and China was held in Beijing on 29th November, 2017. The Pakistani delegation was led by Ayesha A. Ahsan, Director General (China) from the Ministry of Foreign Affairs, Islamabad. The
Published 01 Dec, 2017 12:00am
PPP's golden jubilee celebrated

PPP's golden jubilee celebrated

The Pakistan People's Party on Thursday commemorated across the country the golden jubilee of its foundation, with party chairman Bilawal Bhutto Zardari calling on party workers to renew their commitment and resolve to carry forward the party's mission to
Published 01 Dec, 2017 12:00am
PSQCA seeks access to Web-based One Customs

PSQCA seeks access to Web-based One Customs

Pakistan Standard Quality Control Authority (PSQCA) will get access to the Web-based One Customs (WeBOC) by December 2017, said Director General PSQCA. Speaking at a meeting of FPCCI standing committee on customs at the Federation House, here, Muhammad Kh
Published 01 Dec, 2017 12:00am
BIEK's guard manhandled

BIEK's guard manhandled

Activists of Pakhtun Students Federation, a student wing of Awami National Party (ANP) on Thursday manhandled a security guard when the latter did not allow the former to park their vehicle in restricted area in the premises of the Board of Intermediate E
Published 01 Dec, 2017 12:00am
PML-N government, Nawaz still most popular, claims Daniyal

PML-N government, Nawaz still most popular, claims Daniyal

Federal Minister for Privatization, Daniyal Aziz Thursday said that Pakistan Muslim League-Nawaz (PML-N) government has delivered to the masses in different sectors despite facing insurmountable problems. Talking to media persons, Daniyal said it is the r
Published 01 Dec, 2017 12:00am
Climate change Scientists for planting more trees

Climate change Scientists for planting more trees

Scientists at an international conference said that the climate change being a global phenomenon can be controlled to some extent by planting more and more trees and conserving the existing biodiversity using latest methods.
Published 01 Dec, 2017 12:00am
NA body grills NTC's top brass over anti-dumping cases

NA body grills NTC's top brass over anti-dumping cases

National Assembly Standing Committee on Commerce and Textile on Thursday grilled top brass of National Tariff Commission (NTC) for its inability to finalise anti-dumping cases despite heavy packages from the national exchequer. Presided over by Siraj Muha
Published 01 Dec, 2017 12:00am
PM arrives in Russia to attend SCO CHG meeting

PM arrives in Russia to attend SCO CHG meeting

Prime Minister Shahid Khaqan Abbasi, who is visiting Sochi, Russia to participate in the Council of Heads of Government of Shanghai Cooperation Organization today, met with the Premier of the State Council of the People's Republic of China, Li Keqiang.
Published 01 Dec, 2017 12:00am
Cold, dry weather likely

Cold, dry weather likely

Mainly cold and dry weather is expected in most parts of the country during the next 24 hours, the Met Office said on Thursday. However, plains of Punjab and Upper Sindh are likely to remain under shallow fog during morning hours. "Continental air is prev
Published 01 Dec, 2017 12:00am
Shahbaz reviews 'Saaf Dehat' programme

Shahbaz reviews 'Saaf Dehat' programme

Punjab Chief Minister Muhammad Shehbaz Sharif chaired a high-level meeting here on Thursday to review local government development package and progress on different matters pertaining to Khadim-e-Punjab Saaf Dehat Programme. Provincial Ministers Mansha Ul
Published 01 Dec, 2017 12:00am
CM for expediting construction of roads

CM for expediting construction of roads

Chief Minister Syed Murad Ali Shah on Thursday directed Sindh's Planning and Development Department to start inspecting the roads being built in the province through the Annual Development Programme and the Asian Development, Bank. At the same time, he as
Published 01 Dec, 2017 12:00am
PBIF demands action against LPG price-hike

PBIF demands action against LPG price-hike

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain said that LPG is being sold across the country without displaying rate list while the production of substandard cylinders is on the rise. "This practice must be stopped to
Published 01 Dec, 2017 12:00am
Sale of warm clothes yet to gain momentum

Sale of warm clothes yet to gain momentum

The sell of winter garments continues at snail's pace as the shopkeepers and vendors at major markets of readymade garments and Lunda bazaar anxiously wait for the cold-wave without which related sales will not be increased.
Published 01 Dec, 2017 12:00am
Google launches 'Datally' for safety of mobile data

Google launches 'Datally' for safety of mobile data

Google on Thursday launched 'Datally', an Android app that helps smartphone users understand, control and save mobile data, effectively. 'Datally' works on all smartphones running Android 5.0 (Lollipop) and higher, which is now available on Google Play St
Published 01 Dec, 2017 12:00am
PN celebrates 27th Raising Day of Pakistan Marines

PN celebrates 27th Raising Day of Pakistan Marines

Pakistan Navy celebrated 27th Raising Day of Pak Marines at Karachi. The event was marked with various ceremonies and activities of Pak Marines conducted at HQ Pak Marines, Manora. Commander Coast, Rear Admiral Moazzam Ilyas was the Chief Guest of the mai
Published 01 Dec, 2017 12:00am
PPL block opens at Centre of Excellence for Deaf

PPL block opens at Centre of Excellence for Deaf

The managing director and Chief Executive Officer (CEO) of Pakistan Petroleum Limited (PPL) Syed Wamiq Bokhari inaugurated company-funded block at Centre of Excellence for Deaf (CED) on Thursday. PPL donated Rs 6.52 million for construction, furnishing an
Published 01 Dec, 2017 12:00am
PSP's membership drive in Hyderabad to begin on December 7

PSP's membership drive in Hyderabad to begin on December 7

President Pak Sarzameen Party Anees Qaimkhani has said that two-day party membership in Hyderabad would be started from December 7, 2017. Addressing a press conference, here on Thursday, he informed that PSP had received gigantic response in Karachi where
Published 01 Dec, 2017 12:00am
Aman Foundation joins hands with MyDoctor.pk

Aman Foundation joins hands with MyDoctor.pk

The Aman Foundation, in line with its vision of a healthy Pakistan, has joined hands with a healthcare startup - MyDoctor.pk to bridge the many gaps in the Pakistani Healthcare Ecosystem. As part of the collaboration, The Aman Foundation and MyDoctor.pk w
Published 01 Dec, 2017 12:00am
Use of religion in politics ends in violence, bloodshed: HRCP chief

Use of religion in politics ends in violence, bloodshed: HRCP chief

Chairman Human Rights Commission of Pakistan (HRCP) Professor Dr Mehdi Hassan has said that the use of religion in politics ends in violence and bloodshed, and this is what they have learnt from undistorted history. He was addressing a seminar on "Centena
Published 01 Dec, 2017 12:00am
Eid-e-Milad Arrangements finalised

Eid-e-Milad Arrangements finalised

The Lahore district administration has made arrangements for Eid Milad-un-Nabi (SAW) and all concerned official have been directed to make the occasion eventful. On Thursday, in connection with the arrangements of Eid Milad-un-Nabi (SAW), Deputy Commissio
Published 01 Dec, 2017 12:00am
Jimmy's paintings on display in Amman

Jimmy's paintings on display in Amman

Creative art work of Pakistan's internationally renowned artist Jimmy Engineer titled "Lines That Talk" is continuing at the Jordan National Gallery of Fine Arts under the patronage of HRH Princess Wejdan El Hashmi in Amman. The solo art show displaying 7
Published 01 Dec, 2017 12:00am
Working Group proposed for promoting investment

Working Group proposed for promoting investment

Punjab Board of Investment and Trade (PBIT) has proposed to form a "Working Group" of prominent businessmen and concerned government personnel to work hand-in-hand for the promotion of investment climate of Punjab. PBIT Chief Executive Officer Jahanzeb Bu
Published 01 Dec, 2017 12:00am
Need for devising provincial drug policy stressed

Need for devising provincial drug policy stressed

A speaker at an event on Thursday called for devising a coordinated provincial drug policy by taking all relevant stakeholders in confidence since there is no strong mechanism to control increasing trend of consumption of drugs which is also spreading chr
Published 01 Dec, 2017 12:00am
LCCI urges government to withdraw RD

LCCI urges government to withdraw RD

The Lahore Chamber of Commerce and Industry has demanded of the government to withdraw regulatory duty until and unless a consensus is developed among the stakeholders. LCCI President Malik Tahir Jawaid raised this demand in separate meetings with Federal
Published 01 Dec, 2017 12:00am
IT returns: PIAF for date extension

IT returns: PIAF for date extension

Pakistan Industrial and Traders Association Front (PIAF) has demanded of the government to extend the date for filing income tax returns till December 31. The PIAF Chairman Irfan Iqbal Sheikh in a statement on Thursday said the business community could no
Published 01 Dec, 2017 12:00am
Shahbaz vows to ensure clean environment in rural areas

Shahbaz vows to ensure clean environment in rural areas

Punjab Chief Minister Shahbaz Sharif on Thursday said that every village will be made neat and clean and the rural population will enjoy the neat and clean atmosphere around them due to Khadim-e-Punjab Saaf Dehat Programme (KPSDP). He said this while chai
Published 01 Dec, 2017 12:00am
PAD to create awareness about oilseeds crops

PAD to create awareness about oilseeds crops

The Punjab Agriculture Department (PAD) has decided to hold a series of seminars for creating awareness among the farmers about advantages of growing oilseed crops. A seminar was recently held in Lodhran and the second of this series is going to be held i
Published 01 Dec, 2017 12:00am
Tree cutting: LHC orders DG PHA to appear in person

Tree cutting: LHC orders DG PHA to appear in person

The Lahore High Court on Thursday has ordered director general of Parks and Horticultural Authority (PHA) to appear in person with record regarding cutting of trees across the city of Lahore and adjourned the proceeding until second week of December. The
Published 01 Dec, 2017 12:00am
TLYRA's splinter group's sit-in enters sixth day

TLYRA's splinter group's sit-in enters sixth day

The splinter group of Tehreek-i-Labbaik Ya Rasool Allah (TLYRA) continued its sit-in on the Mall Road outside Punjab Assembly on sixth day causing great inconvenience to the commuters and the general public Leader of the faction, Dr Ashraf Asif Jalali is
Published 01 Dec, 2017 12:00am
US to expand cooperation with Punjab government: CG

US to expand cooperation with Punjab government: CG

The US gives great importance to its relations with Pakistan and cooperation with the Punjab government in various sectors will be further expanded, US Consul General Ms. Elizabeth Kennedy Trudeau, said. During a meeting with the Punjab Chief Minister Sha
Published 01 Dec, 2017 12:00am
MBBS, BDS programme: UHS issues first merit list of candidates

MBBS, BDS programme: UHS issues first merit list of candidates

The University of Health Sciences (UHS) has issued the first selection list of candidates admitted to MBBS and BDS programme in public sector medical and dental colleges of the Punjab for the session 2017-18. The last merit for MBBS has been 89.0364 and t
Published 01 Dec, 2017 12:00am
'Trade, Compliance of Labour Standards in Global Supply Chains' launched

'Trade, Compliance of Labour Standards in Global Supply Chains' launched

The speakers at the launch of 'Trade and Compliance of Labour Standards in Global Supply Chains: A case Study of Pakistan,' urged the government to ensure implementation on the international labour laws to protect workers' rights. The event was jointly or
Published 01 Dec, 2017 12:00am
PESCO disconnects power supply of defaulters

PESCO disconnects power supply of defaulters

The teams of Peshawar Electric Supply Company (Pesco) disconnected power supply to 2 tube-wells and street-lights at Kohat City in recovery campaign against public and private sector power defaulters. An amount of Rs 10.80 was outstanding against these in
Published 01 Dec, 2017 12:00am
Carboxytherapy introduced in Pakistan

Carboxytherapy introduced in Pakistan

Carboxytherapy - an FDA approved treatment for cellulite and stretch marks have entered into the Pakistani aesthetic industry. The therapy, which originated in French spas in 1930, uses infusion of carbon dioxide to treat stretch-marks, cellulite and unde
Published 01 Dec, 2017 12:00am
PSQCA scheme for foreign manufacturers

PSQCA scheme for foreign manufacturers

The Standards and Quality Control Authority has launched the Foreign Manufacturing License (FML) scheme for foreign manufacturers to get their products certified in Pakistan. Talking to Business Recorder, Khalid Siddiq, director general of the PSQCA, said
Published 01 Dec, 2017 12:00am
US drone targets Haqqani militants in Kurram area: four killed

US drone targets Haqqani militants in Kurram area: four killed

A suspected US drone strike on Thursday targeted a hideout of the Haqqani militant network along mountainous border with Afghanistan, killing four people, officials said. If confirmed, it would be the fourth such US strike inside country since President D
Published 01 Dec, 2017 12:00am
Tevta to build sports complex: chairman

Tevta to build sports complex: chairman

The 7th Emergent Board Meeting of Technical Education and Vocational Training Authority (TEVTA) on Thursday unanimously approved the establishment of sports complex at Government Technology College Shahdarra. The meeting was presided over by Chairman TEVT
Published 01 Dec, 2017 12:00am
Three Air Commodores promoted

Three Air Commodores promoted

The Government of Pakistan has promoted three Air Commodores of Pakistan Air Force (PAF) as Air Vice Marshal on Thursday. Those who got promotion to the rank of Air Vice Marshal included Air Commodore Muhammad Zahoor Faisal, Air Commodore Soban Nazir Syed
Published 01 Dec, 2017 12:00am
Foreign reserves slightly fall: SBP

Foreign reserves slightly fall: SBP

The country's liquid foreign reserves slightly decreased by $17 million during the last week. According to the State Bank of Pakistan's weekly report issued on Thursday, Pakistan total liquid foreign reserves declined to $19.693 billion as on November 24,
Published 01 Dec, 2017 12:00am
Eid Milad-un-Nabi to be celebrated with religious zeal

Eid Milad-un-Nabi to be celebrated with religious zeal

As in other parts of the country, Eid-e-Milad-un-Nabi is being celebrated in Karachi with religious zest and fervour. The day will begin with special prayers at mosques. Various Durood-o-Salam and Naat, gatherings will also take place in city neighborhood
Published 01 Dec, 2017 12:00am
Sartaj lauds Norway's assistance in capacity-building projects

Sartaj lauds Norway's assistance in capacity-building projects

"Pakistan is committed to intensify efforts for achieving accelerated development through a strategy that combines inclusive growth with green development under the 12th Five Year Plan (2018-2023) which is currently under preparation," said Sartaj Aziz, D
Published 01 Dec, 2017 12:00am
Malala meets LHC CJ at Oxford university

Malala meets LHC CJ at Oxford university

Pakistani Nobel Prize laureate Malala Yousafzai met Lahore High Court's Chief Justice Mansoor Ali Shah on Thursday at Oxford University. Malala Yousafzai is an international icon and a symbol of courage, strength and determination. It comes as no surprise
Published 01 Dec, 2017 12:00am
Workshop on drug addiction, counselling skills held

Workshop on drug addiction, counselling skills held

The Center for Emergency & Medical Services (CEMS) of the University of Veterinary and Animal Sciences Lahore in collaboration with Character Building Society UVAS and Foundation for Young Researchers in support of National Accountability Bureau & Anti-Na
Published 01 Dec, 2017 12:00am
MCB Bank, Dawood Super Market enter into alliance

MCB Bank, Dawood Super Market enter into alliance

MCB Bank has signed a Memorandum of Understanding (MoU) with leading supermarket chain Dawood Super Market for the provision of financial services through its digital products, including the placement of ATM and POS machines inside the Super Market's prem
Published 01 Dec, 2017 12:00am
US MIDDAY: gold dips

US MIDDAY: gold dips

Gold dropped 1 percent on Thursday as upbeat sentiment on equities and positive US growth data dented the appeal of the safe-haven asset, though the metal was still stuck in its narrowest monthly range in 12 years. Silver dipped to an eight-week low, fall
Published 01 Dec, 2017 12:00am
US MIDDAY: corn, wheat up

US MIDDAY: corn, wheat up

US corn and wheat futures climbed nearly 1 percent on Wednesday as fund-driven short-covering at the end of the month overshadowed disappointing export sales data, analysts said. Soyabean futures fell, led by soyaoil, after the US Environmental Protection
Published 01 Dec, 2017 12:00am
Gold down in Europe

Gold down in Europe

Gold hit a one-week low on Thursday as upbeat sentiment on equities and positive US growth data dented the appeal of the safe-haven asset, though the metal was still stuck in its narrowest monthly range in 12 years. The dollar held firm after US jobless a
Published 01 Dec, 2017 12:00am
Gold hits one-week low in Asia
Exchange

Gold hits one-week low in Asia

Gold inched down to a one-week low on Thursday, pressured by upbeat US growth data and Federal Reserve chair Janet Yellen's bullish view of the economy, but the yellow metal was on track for its first monthly gain since August. A lack of clear drivers has
Published 01 Dec, 2017 12:00am
Rubber falls
Exchange

Rubber falls

Benchmark Tokyo rubber futures ended down on Thursday after touching a two-week high a day earlier, as the market came under pressure from weak Shanghai futures. The Tokyo Commodity Exchange rubber contract for May delivery finished 1.2 yen lower at 198.3
Published 01 Dec, 2017 12:00am
Oil mixed as Opec extends cuts, Nigeria and Libya included

Oil mixed as Opec extends cuts, Nigeria and Libya included

Oil was mixed on Thursday after Opec members agreed to extend curbs on output, though a final deal hinged on a decision by non-Opec producers later in the day. Iran's energy minister announced that Nigeria and Libya would be included in the oil output dea
Published 01 Dec, 2017 12:00am
Shanghai copper slips
Exchange

Shanghai copper slips

Shanghai copper slipped 0.6 percent to 52,840 yuan ($7,993) a tonne on Thursday while Shanghai Futures Exchange (ShFE) aluminium plunged more than 11 percent this month. Base metals declined on Thursday and looked to finish November lower, shrugging off e
Published 01 Dec, 2017 12:00am
New York cotton rises over one percent on technical buying
Cotton

New York cotton rises over one percent on technical buying

ICE cotton rose over 1 percent to hit an over 2-1/2-month high on Wednesday fuelled by technical buying, a day ahead of export sales data from the US Department of Agriculture (USDA). Cotton contracts for March settled up 1.29 cents, or 1.79 percent, at 7
Published 01 Dec, 2017 12:00am
US battles for global approach on North Korea amid Russia, China doubts

US battles for global approach on North Korea amid Russia, China doubts

The United States battled to maintain international solidarity in the face of North Korea's nuclear threat Thursday as Russia warned that sanctions have failed and China side-stepped talk of an oil embargo. The stakes could scarcely be higher in the stand
Published 01 Dec, 2017 12:00am
Europe-Africa summit aims for evacuation of 3,800 migrants risking abuse

Europe-Africa summit aims for evacuation of 3,800 migrants risking abuse

Leaders at an EU-Africa summit called Thursday for the immediate evacuation of nearly 4,000 distressed African migrants in Libya under a new drive to fight slave traders and traffickers. Wrapping up a two-day summit in Ivory Coast's economic capital, a to
Published 01 Dec, 2017 12:00am
Venezuela arrests former oil bosses in corruption purge

Venezuela arrests former oil bosses in corruption purge

Venezuela's military on Thursday arrested the country's former oil minister and the ex-chief of state oil company PDVSA after both men were sacked as part of an anti-corruption crackdown. Attorney General Tarek William Saab told journalists that an operat
Published 01 Dec, 2017 12:00am
Gaza handover delay raises fresh doubts over Palestinian unity deal

Gaza handover delay raises fresh doubts over Palestinian unity deal

Palestinian rival factions have delayed the handover of power in the Gaza Strip by at least 10 days, stoking fears Thursday that a landmark deal to end their decade-long feud may be set to fail. A series of Israeli strikes on the Gaza Strip in response to
Published 01 Dec, 2017 12:00am
Palestinian shot dead

Palestinian shot dead

An Israeli settler shot dead a Palestinian in the occupied West Bank on Thursday after a group of Israelis was targeted by Palestinian stone-throwers, officials said. The Palestinian health ministry confirmed the Palestinian was killed after being shot by
Published 01 Dec, 2017 12:00am
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