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Archive - 2017-12-16
Unilever to sell spreads business to KKR for $8 billion

Unilever to sell spreads business to KKR for $8 billion

Unilever has agreed to sell its margarine and spreads business to U.S. private equity firm KKR for 6.83 billion euros ($8.04 billion) to concentrate on faster growing products. The maker of Knorr soup and Dove soap announced the deal on Friday, hours afte
Published 16 Dec, 2017 12:00am
Unilever to sell spreads business to KKR for $8 billion

Unilever to sell spreads business to KKR for $8 billion

Unilever has agreed to sell its margarine and spreads business to U.S. private equity firm KKR for 6.83 billion euros ($8.04 billion) to concentrate on faster growing products. The maker of Knorr soup and Dove soap announced the deal on Friday, hours afte
Published 16 Dec, 2017 12:00am
Unilever to sell spreads business to KKR for $8 billion

Unilever to sell spreads business to KKR for $8 billion

Unilever has agreed to sell its margarine and spreads business to U.S. private equity firm KKR for 6.83 billion euros ($8.04 billion) to concentrate on faster growing products. The maker of Knorr soup and Dove soap announced the deal on Friday, hours afte
Published 16 Dec, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 15, 2017).

Published 16 Dec, 2017 12:00am
Vehicles production: HNML enters investment deal with government
Exchange

Vehicles production: HNML enters investment deal with government

Hyundai Nishat Motor (Private) Limited (HNML), a subsidiary of Nishat Mills (NML) has entered into an investment agreement with the Ministry of Industries and Production, Government of Pakistan under Automotive Development Policy 2016-21 for setting up a
Published 16 Dec, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 15, 2017).

Published 16 Dec, 2017 12:00am
Vehicles production: HNML enters investment deal with government
Exchange

Vehicles production: HNML enters investment deal with government

Hyundai Nishat Motor (Private) Limited (HNML), a subsidiary of Nishat Mills (NML) has entered into an investment agreement with the Ministry of Industries and Production, Government of Pakistan under Automotive Development Policy 2016-21 for setting up a
Published 16 Dec, 2017 12:00am
Vehicles production: HNML enters investment deal with government
Exchange

Vehicles production: HNML enters investment deal with government

Hyundai Nishat Motor (Private) Limited (HNML), a subsidiary of Nishat Mills (NML) has entered into an investment agreement with the Ministry of Industries and Production, Government of Pakistan under Automotive Development Policy 2016-21 for setting up a
Published 16 Dec, 2017 12:00am
Putin's ex-minister gets eight years over $2 million bribe

Putin's ex-minister gets eight years over $2 million bribe

A Russian court on Friday sentenced former economy minister Alexei Ulyukayev to eight years in a penal colony on charges of taking a $2 million bribe from an ally of President Vladimir Putin. Ulyukayev is the highest-ranking official arrested in Putin's 1
Published 16 Dec, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (December 15, 2017)

Published 16 Dec, 2017 12:00am
Putin's ex-minister gets eight years over $2 million bribe

Putin's ex-minister gets eight years over $2 million bribe

A Russian court on Friday sentenced former economy minister Alexei Ulyukayev to eight years in a penal colony on charges of taking a $2 million bribe from an ally of President Vladimir Putin. Ulyukayev is the highest-ranking official arrested in Putin's 1
Published 16 Dec, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 15, 2017).

Published 16 Dec, 2017 12:00am
Chinese man jailed for stomping on Genghis Khan portrait

Chinese man jailed for stomping on Genghis Khan portrait

A Chinese man has been sentenced to one year in prison for destroying a portrait of Genghis Khan by a court in the country's Inner Mongolia region, sparking online debate on the use of laws to punish acts of "ethnic hatred". In a video that he shared onli
Published 16 Dec, 2017 12:00am
Chinese man jailed for stomping on Genghis Khan portrait

Chinese man jailed for stomping on Genghis Khan portrait

A Chinese man has been sentenced to one year in prison for destroying a portrait of Genghis Khan by a court in the country's Inner Mongolia region, sparking online debate on the use of laws to punish acts of "ethnic hatred". In a video that he shared onli
Published 16 Dec, 2017 12:00am
Russia hit by $3.4 billion Promsvyazbank bailout in latest blow

Russia hit by $3.4 billion Promsvyazbank bailout in latest blow

Russia's central bank may have to sink up to $3.4 billion into its bailout on Friday of Promsvyazbank, the country's 10th largest private lender, the third such rescue this year. The bailouts mark the biggest challenge to Russia's financial sector since a
Published 16 Dec, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 15, 2017).

Published 16 Dec, 2017 12:00am
Russia hit by $3.4 billion Promsvyazbank bailout in latest blow

Russia hit by $3.4 billion Promsvyazbank bailout in latest blow

Russia's central bank may have to sink up to $3.4 billion into its bailout on Friday of Promsvyazbank, the country's 10th largest private lender, the third such rescue this year. The bailouts mark the biggest challenge to Russia's financial sector since a
Published 16 Dec, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 15, 2017).

Published 16 Dec, 2017 12:00am
Russia hit by $3.4 billion Promsvyazbank bailout in latest blow

Russia hit by $3.4 billion Promsvyazbank bailout in latest blow

Russia''s central bank may have to sink up to $3.4 billion into its bailout on Friday of Promsvyazbank, the country''s 10th largest private lender, the third such rescue this year. The bailouts mark the biggest challenge to Russia''s financial sector sinc
Published 16 Dec, 2017 12:00am
The Weather

The Weather

The weather report on Friday (December 15, 2017) and the forecast for Saturday (December 16, 2017).

Published 16 Dec, 2017 12:00am
Money laundering: EU agrees clampdown on bitcoin platforms
Currency

Money laundering: EU agrees clampdown on bitcoin platforms

European Union states and legislators agreed on Friday on stricter rules to prevent money laundering and terrorism financing on exchange platforms for bitcoin and other virtual currencies, the EU said in a statement. The agreement is part of a broader set
Published 16 Dec, 2017 12:00am
Money laundering: EU agrees clampdown on bitcoin platforms
Currency

Money laundering: EU agrees clampdown on bitcoin platforms

European Union states and legislators agreed on Friday on stricter rules to prevent money laundering and terrorism financing on exchange platforms for bitcoin and other virtual currencies, the EU said in a statement. The agreement is part of a broader set
Published 16 Dec, 2017 12:00am
US court dismisses $3 billion suit against Deutsche Bank

US court dismisses $3 billion suit against Deutsche Bank

A US district court in Florida has dismissed a lawsuit by the heirs of a prominent Jewish family seeking $3 billion from Deutsche Bank. The Wertheim Jewish Education Trust, in a suit filed in January, said heirs of the German entrepreneur Joseph Wertheim
Published 16 Dec, 2017 12:00am
US court dismisses $3 billion suit against Deutsche Bank

US court dismisses $3 billion suit against Deutsche Bank

A US district court in Florida has dismissed a lawsuit by the heirs of a prominent Jewish family seeking $3 billion from Deutsche Bank. The Wertheim Jewish Education Trust, in a suit filed in January, said heirs of the German entrepreneur Joseph Wertheim
Published 16 Dec, 2017 12:00am
Zardari, Bilawal make pledges to Punjab farmers

Zardari, Bilawal make pledges to Punjab farmers

Asif Ali Zardari has accused Nawaz Sharif of pursuing wrong policies which created a gulf distance between the PML-N government and the establishment. Addressing a large rally in Multan on Friday, the former president said the former prime minister made t
Published 16 Dec, 2017 12:00am
Zardari, Bilawal make pledges to Punjab farmers

Zardari, Bilawal make pledges to Punjab farmers

Asif Ali Zardari has accused Nawaz Sharif of pursuing wrong policies which created a gulf distance between the PML-N government and the establishment. Addressing a large rally in Multan on Friday, the former president said the former prime minister made t
Published 16 Dec, 2017 12:00am
North Korea must 'earn its way back to table,' Tillerson tells UN

North Korea must 'earn its way back to table,' Tillerson tells UN

North Korea must "earn its way back" to the negotiating table, US Secretary of State Rex Tillerson said Friday, backing away from an earlier unconditional offer of talks to end the nuclear stand-off with Pyongyang. Tillerson told the UN Security Council t
Published 16 Dec, 2017 12:00am
North Korea must 'earn its way back to table,' Tillerson tells UN

North Korea must 'earn its way back to table,' Tillerson tells UN

North Korea must "earn its way back" to the negotiating table, US Secretary of State Rex Tillerson said Friday, backing away from an earlier unconditional offer of talks to end the nuclear stand-off with Pyongyang. Tillerson told the UN Security Council t
Published 16 Dec, 2017 12:00am
Banks beam

Banks beam

Banking sector of the country continues to perform reasonably well. According to SBP's Quarterly Performance Review of the Banking Sector for the quarter ended 30th September, 2017 released on 12th December, the overall risk profile of the banking sector
Published 16 Dec, 2017 12:00am
Imran still at the crease

Imran still at the crease

The much-awaited judicial verdict on the political fate of PTI Chairman Imran Khan and Secretary-General Jahangir Tareen is finally out. A three-member bench headed by Chief Justice Saqib Nisar hearing two petitions, filed by PML-N's Hanif Abbasi, seeking
Published 16 Dec, 2017 12:00am
Modi's meanderings

Modi's meanderings

Although exit polls show that Bharatiya Janata Party (BJP) has won elections in Gujarat and Himachal, Indian Prime Minister Narendra Modi seems like a worried man. While verbal excess by rivals during election campaigns is nothing new, this time Modi has
Published 16 Dec, 2017 12:00am
The changing energy sector

The changing energy sector

The tenure of the incumbent government in May 2013 commenced with the agenda to provide relief to the public from load-shedding. This was supposed to be done through adding more power on the grid by setting up new power plants, make electricity affordable
Published 16 Dec, 2017 12:00am
Institutional development Regulators and Pakistan's economy
Exchange

Institutional development Regulators and Pakistan's economy

Invariably, all discussions on politics and economy of Pakistan end up with the conclusion that our 'institutions' are weak or there has been no institutional development in the last 70 years. This statement appears to be correct. The objective of this ar
Published 16 Dec, 2017 12:00am
Bankers may get notes to help push industry line on Brexit

Bankers may get notes to help push industry line on Brexit

Bankers may be given a cribsheet to help the industry push for close ties with the European Union following Brexit, according to a document drawn up for the organisation that promotes Britain as a financial centre.
Published 16 Dec, 2017 12:00am
'Exchange rate adjustment'
Currency

'Exchange rate adjustment'

Writing in Business Recorder on 'Exchange rate adjustment', the writer, Dr Waqar Masood has termed allowing exchange rate to move in accordance with market forces a bold step. He then moves on to quote the different parities US dollar recently had
Published 16 Dec, 2017 12:00am
Supreme Court verdict: lawyers give mixed reaction

Supreme Court verdict: lawyers give mixed reaction

The legal fraternity on Friday gave mixed reaction to the Supreme Court verdict that dismissed a petition against PTI Chairman Imran Khan and disqualified his close aide Jahangir Khan Tareen in the disqualification case. Some of the noted lawyers lauded t
Published 16 Dec, 2017 12:00am
Aga Khan inaugurates medical education centre in Karachi

Aga Khan inaugurates medical education centre in Karachi

The Aga Khan University's Centre for Innovation in Medical Education (CIME), a state-of-the-art facility for technology-based learning for health professionals, was inaugurated Friday by His Highness Aga Khan, Chancellor of AKU. In his inaugural address,
Published 16 Dec, 2017 12:00am
TDAP to hold awareness seminar on e-commerce

TDAP to hold awareness seminar on e-commerce

Trade Development Authority of Pakistan (TDAP) in collaboration with Lahore Chamber of Commerce and Industry (LCCI) is organizing an 'awareness session on launching of e-commerce platform in Pakistan Road Show by M/S Alibaba Inc., a leading e commerce com
Published 16 Dec, 2017 12:00am
ATM out of order, tweets Bilawal

ATM out of order, tweets Bilawal

Pakistan Peoples Party Chairman, Bilawal Bhutto Zardari tweeted his response to the Supreme Court disqualifying Pakistan Tehreek-e-Insaf leader Jahangir Tareen. "ATM out of order TareenOUT," Bilawal said on Twitter after the apex court announced its verdi
Published 16 Dec, 2017 12:00am
Police, Rangers conduct search operations in capital

Police, Rangers conduct search operations in capital

City police and Rangers conducted a joint search operation in various parts of the federal capital on Friday, nabbed nine suspects and recovered weapons. A police official said that police, Rangers and personnel of other agencies conducted a search operat
Published 16 Dec, 2017 12:00am
NAB arrests LDA deputy director

NAB arrests LDA deputy director

The National Accountability Bureau (NAB) has arrested Deputy Director Lahore Development Authority (LDA) Ahmed Khan on charges of involvement in fabricating bogus plots and files in Mustafa Town. The NAB has taken cognizance over numerous complaints regar
Published 16 Dec, 2017 12:00am
Murad to consider demands of sugarcane growers

Murad to consider demands of sugarcane growers

Sindh Chief Minister Syed Murad Ali Shah has said that his government is making all out efforts to protect the interests of the growers and with this view he wants a workable solution to end the deadlock between the sugarcane growers and mill owners on th
Published 16 Dec, 2017 12:00am
POL products PSO launches latest fleet to ensure safe transportation

POL products PSO launches latest fleet to ensure safe transportation

The Managing Director (MD) and Chief Executive Officer (CEO) of Pakistan State Oil Company (PSO) Sheikh Imranul Haque inaugurated the latest brand of tank lorry that will ensure safe transportation of petroleum products across the nation.
Published 16 Dec, 2017 12:00am
Dense fog likely to engulf plains of Punjab, Upper Sindh

Dense fog likely to engulf plains of Punjab, Upper Sindh

Dense fog is likely to engulf plains of Punjab and Upper Sindh during night and morning hours, the Met Office said on Friday. It forecast a very cold weather for Balochistan and northern areas during the next 24 hours, as temperature dropped to minus 10 d
Published 16 Dec, 2017 12:00am
CS directs KW&SB to supply potable water to all households

CS directs KW&SB to supply potable water to all households

Sindh Chief Secretary, Rizwan Memon on Friday directed Karachi Water and Sewerage Board management to ensure enough supply of clean portable water to all the households. He emphasized KWSB to boost the monitoring system. According to an official statement
Published 16 Dec, 2017 12:00am
Zong 4G's free WhatsApp offer continues

Zong 4G's free WhatsApp offer continues

Taking the cellular industry by storm, Zong 4G's recently introduced free WhatsApp offer has transformed the country's Digital Landscape in emphatic fashion. Since its rollout two weeks ago, the offer has continued to make waves throughout the industry, s
Published 16 Dec, 2017 12:00am
Condolence

Condolence

Majyd Aziz, President, Zaki Ahmed Khan, Vice President, Members of Board of Directors and Secretariat of Employers Federation of Pakistan offer their heartfelt condolences on the death of Amina Ashraf Tabani, the wife of the late Ashraf Tabani.
Published 16 Dec, 2017 12:00am
Jubilee Life's Window Takaful wins fifth FPCCI award

Jubilee Life's Window Takaful wins fifth FPCCI award

Jubilee Life Insurance Company Limited - Window Takaful Operations has achieved the fastest Rs 3 billion milestone in a single year since its inception two years ago. Simultaneously, it's the first for any Window Takaful Operator in Pakistan, Jubilee Life
Published 16 Dec, 2017 12:00am
Wind power projects 300 megawatt supplied to national grid: ADC-I

Wind power projects 300 megawatt supplied to national grid: ADC-I

Additional Deputy Commissioner-I Muhammad Usman Tanveer has said that there is a huge potential for wind power generation through wind power projects and more than 300 MW power is being supplied to the National grid from different wind power generating pr
Published 16 Dec, 2017 12:00am
Rally organised against Trump's decision

Rally organised against Trump's decision

The Lahore District Administration on Friday organized a rally against US President Donald Trump's decision of accepting Bait-ul-Muqadas as Israel's capital. The rally started from the DC office and ended at Nasir Bagh. It was led by Commissioner Lahore D
Published 16 Dec, 2017 12:00am
Russia not disputing Pakistan's bid to join NSG: envoy

Russia not disputing Pakistan's bid to join NSG: envoy

Russia is not opposed to Pakistan's candidature to join the elite club of Nuclear Suppliers Group (NSG) and it encourages criteria-based approach for inclusion of non-NPT states in the group, said a Russian diplomat. Speaking at a seminar on 'Disarmament,
Published 16 Dec, 2017 12:00am
First Women Entrepreneurs Festival to be held on January 19

First Women Entrepreneurs Festival to be held on January 19

President Faisalabad Women Chamber of Commerce & Industry, Robina Amjad said that the First Women Entrepreneurs Festival will be organized at the University of Agriculture Faisalabad (UAF) on January 19th, 2018 to showcase the products manufactured by the
Published 16 Dec, 2017 12:00am
Backlog of containers creating financial burden in demurrages on trade

Backlog of containers creating financial burden in demurrages on trade

Following the shortage of examination staff at Karachi International Containers Terminal (KICT), the containers backlog rose to over 1000 containers, creating excessive financial burden of demurrages on the trade. The customs department has transferred al
Published 16 Dec, 2017 12:00am
UHS announces BDS results

UHS announces BDS results

University of Health Sciences (UHS) Friday declared the results of first professional BDS annual examination 2017 showing pass percentage 74.45. A total of 930 candidates from 14 affiliated dental colleges appeared in the examination out of which 609 pass
Published 16 Dec, 2017 12:00am
Karachi Mayor demands abolition of quota system

Karachi Mayor demands abolition of quota system

Karachi Mayor Waseem Akhtar on Friday reiterated his demand for abolition of quota system saying it had created rifts among ethnic units of Sindh province. "PPP-led Sindh government should make efforts to ensure merit-oriented fair policy for all sectors
Published 16 Dec, 2017 12:00am
Railways' sacked grade-9 employee reinstated

Railways' sacked grade-9 employee reinstated

Complying with the order of Federal Ombudsman, Pakistan Railways (PR) has reinstated an employee on his (BPS) grade-9 position. He was removed from the service after departmental inquiry on harassment charges. Malik Muqaddar Zaman, an employee of Pakistan
Published 16 Dec, 2017 12:00am
Dadabhoy Institute's tenth convocation

Dadabhoy Institute's tenth convocation

The Dadabhoy Institute of Higher Education conferred degrees on 828 graduates in management, the media and social sciences and in engineering and computer science. 539 degrees were awarded by the faculty of management media and social sciences and 289 by
Published 16 Dec, 2017 12:00am
Shahbaz to perform ground breaking of ITU's new campus

Shahbaz to perform ground breaking of ITU's new campus

The Chief Minister Punjab Muhammad Shahbaz Sharif will perform the ground breaking ceremony of Information Technology University (ITU)'s new campus on Sunday December 17, 2017. It will be State of the Art purpose built main Campus of Pakistan's first focu
Published 16 Dec, 2017 12:00am
Implementing government policies: trade bodies play positive role: PHMA

Implementing government policies: trade bodies play positive role: PHMA

Central Chairman Pakistan Hosiery Manufacturers and Exporters Association (PHMA) Dr Khurram Anwar Khawaja on Friday said that trade associations have always played positive and active role in implementing government policies. Talking to newsmen here he sa
Published 16 Dec, 2017 12:00am
Senators ask government to share ToRs of Islamic Military Alliance

Senators ask government to share ToRs of Islamic Military Alliance

The lawmakers in the Senate Friday demanded of the government to share the terms of reference of Islamic Military Alliance with the Parliament, saying role of the Parliament which declined Saudi call for armed support in Yemen fight should not be underest
Published 16 Dec, 2017 12:00am
'Clean-chit' to Imran proves Nawaz served biased verdict: Maryam

'Clean-chit' to Imran proves Nawaz served biased verdict: Maryam

Maryam Nawaz, daughter of disqualified premier Nawaz Sharif said on Friday that the verdict of the top court on petitions against Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan and secretary general Jahangir Tareen proves that president of Pakistan Musli
Published 16 Dec, 2017 12:00am
LHC seeks reply from Pemra, government

LHC seeks reply from Pemra, government

The Lahore High Court on Friday sought replies from the Pakistan Electronic Media Regulatory Authority (Pemra) and federal government by December 18 in a petition seeking action against ousted prime minister Nawaz Sharif and other PML-N leaders for their
Published 16 Dec, 2017 12:00am
Imran moving ahead as future PM: Rashid

Imran moving ahead as future PM: Rashid

Awami Muslim League (AML) Chief Sheikh Rashid Ahmed, while reacting to Supreme Court's decision in case against Imran Khan and Jahangir Tareen, vowed to continue his struggle against corrupt elements of the politics. "Thanks God! Supreme Court has cleared
Published 16 Dec, 2017 12:00am
Qadri congratulates Imran after SC verdict

Qadri congratulates Imran after SC verdict

Chairman Pakistan Awami Tehrik Allama Tahirul Qadri has congratulated PTI Chairman Imran Khan over getting a clean chit from the Supreme Court and dismissal of allegations levelled by PML-N petitioner Hanif Abbasi against him as mala fide.
Published 16 Dec, 2017 12:00am
ChildLife wins awards for best posters

ChildLife wins awards for best posters

Pakistan's not-for-profit organization ChildLife won all three awards for best poster presentation at the Emirates Society of Emergency Medicine (ESEM) Conference in Dubai. ChildLife won top three "Best Poster Presentations" out of the 89 posters presente
Published 16 Dec, 2017 12:00am
I'll keep working for Naya Pakistan tweets Tareen

I'll keep working for Naya Pakistan tweets Tareen

After disqualification by Supreme Court, Pakistan Tehreek-e-Insaf (PTI) Secretary General Jahangir Tareen said on Friday that all the allegations of financial wrongdoing against him were thrown out. Referring to Supreme Court verdict that disqualified him
Published 16 Dec, 2017 12:00am
Education system: speakers for introducing modern techniques

Education system: speakers for introducing modern techniques

Speakers at a seminar have stressed the need for introducing modern techniques in the country's education system so that Pakistani students can be fully equipped with knowledge to face new challenges. They said this while speaking at an award distribution
Published 16 Dec, 2017 12:00am
NCSW holds roundtable on 'Closing Gender Gap in Electoral Rolls'

NCSW holds roundtable on 'Closing Gender Gap in Electoral Rolls'

The National Commission on The Status of Women (NCSW) organized a high-level roundtable of policymakers on "Closing the Gender Gap in the Electoral Rolls", here on Friday. The NCSW in collaboration with the project "Tabeer - Consolidating Democracy in Pak
Published 16 Dec, 2017 12:00am
Outgoing Turkish ambassador meets JI chief

Outgoing Turkish ambassador meets JI chief

The outgoing Turkish ambassador in Pakistan, Sadeq Baber Girgin, paid farewell visit to the ameer, Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, in Islamabad on Friday. JI parliamentary leader in the National Assembly, Sahibzada Tariqulah, JI Foreign af
Published 16 Dec, 2017 12:00am
Pakistan can be a global leader in Halal trade: LCCI
Exchange

Pakistan can be a global leader in Halal trade: LCCI

Livestock is an integral part of the agriculture sector of Pakistan and it has potential to get huge share in the international Halal trade of over $ 300 billion. The government should formulate favorable policies for livestock which have 55.9 percent and
Published 16 Dec, 2017 12:00am
LHC told 9,476 Pakistanis languishing in jails abroad

LHC told 9,476 Pakistanis languishing in jails abroad

The ministry of foreign affairs on Friday told the Lahore High Court that 9,476 Pakistanis were languishing in jails of hundred countries. A law officer said that the government took steps to provide legal aid to the citizens detained abroad. The law offi
Published 16 Dec, 2017 12:00am
FPCCI, LGU sign MoU for promoting industrial linkages

FPCCI, LGU sign MoU for promoting industrial linkages

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Lahore Garrison University (LGU) have signed a memorandum of understanding to establish long-term, sustainable and mutually beneficial cooperation in areas of bilateral interest for
Published 16 Dec, 2017 12:00am
Inclusion of PSA, NIBGE in rice research board directed

Inclusion of PSA, NIBGE in rice research board directed

Admitting the demand of the Rice Exporters Association of Pakistan (REAP), the Secretary Agriculture Punjab Muhammad Mahmood has directed inclusion of Pakistan Seed Association (PSA) and the National Institute of Biotechnology and Genetic Engineering (NIB
Published 16 Dec, 2017 12:00am
Launch of 'Institutional Assessment Report' held at P&D

Launch of 'Institutional Assessment Report' held at P&D

The Centre for Public Policy and Governance (CPPG) Forman Christian College, Lahore and the Planning and Development Department (P&D) organised a seminar to launch the 'Institutional Assessment Report - Department of Social Welfare and Bait-ul-Maal' recen
Published 16 Dec, 2017 12:00am
Again, Chaudhry brothers appear before NAB

Again, Chaudhry brothers appear before NAB

Pakistan Muslim League-Quaid (PML-Q) leaders Chaudhry Shujaat Hussain and Chaudhry Pervez Elahi on Friday again appeared before the National Accountability Bureau (NAB) in a case for possessing assets beyond known sources of income. The NAB had summoned t
Published 16 Dec, 2017 12:00am
GCU students propose eco-friendly solution to combat smog

GCU students propose eco-friendly solution to combat smog

Students from the Government College University Lahore have held an on-campus walk to raise awareness in the society against smog and proposed the government a very innovate and eco-friendly idea of growing sunflowers to combat this extremely injurious fo
Published 16 Dec, 2017 12:00am
Shahbaz pays homage to APS martyrs

Shahbaz pays homage to APS martyrs

Expressing satisfaction that after operation Zarb-e-Azb, the backbone of the terrorists has been broken through operation Radd-ul-Fasaad, Punjab Chief Minister Shehbaz Sharif said they will not sit idle till nipping the menace of terrorism from the bud.
Published 16 Dec, 2017 12:00am
Hudaibiya case: CM hails court's verdict

Hudaibiya case: CM hails court's verdict

Punjab Chief Minister Shahbaz Sharif on Friday said that verdict of the Supreme Court in Hudaibiya case has endorsed their stance that was based on truth and justice. Reacting to the decision of apex court in Hudaibiya case, Shahbaz said, "This judgment i
Published 16 Dec, 2017 12:00am
FCCI E-Police station to be made operational soon: DSP

FCCI E-Police station to be made operational soon: DSP

The Faisalabad Chamber of Commerce & Industry (FCCI) E-Police station will be made functional very soon to resolve the police and traffic related problems of the business community within their own premises, said DSP traffic Sajjida Awan.
Published 16 Dec, 2017 12:00am
DG PCA to report directly to chairman: FBR

DG PCA to report directly to chairman: FBR

The Federal Board of Revenue (FBR) has directed Director General, Directorate General of Post Clearance Audit, Islamabad, to report directly to the Chairman FBR/Secretary Revenue Division instead of FBR Member Customs. According to a notification issued b
Published 16 Dec, 2017 12:00am
Unilever, JazzCash, WWB to empower low-income women

Unilever, JazzCash, WWB to empower low-income women

Unilever Pakistan, JazzCash, Women's World Banking and Karandaaz Pakistan have announced their collaboration to empower low-income women by enhancing the availability of financial services and promoting financial inclusion.
Published 16 Dec, 2017 12:00am
Government to broaden tax base with traders' help: Haroon

Government to broaden tax base with traders' help: Haroon

Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan Friday said the government believes in collecting taxes and broadening of tax base with the help of business community in a business-friendly environment free of duress and intimidation.
Published 16 Dec, 2017 12:00am
US MIDDAY: sugar lower
Currency

US MIDDAY: sugar lower

Raw sugar futures on ICE turned lower and tapped a 2-1/2-month low on Friday, as the March contract's premium backed off a new peak and the drop triggered some chart-based selling. The sugar, coffee and cocoa markets all closed the week lower, extending l
Published 16 Dec, 2017 12:00am
EU wheat market subdued
Exchange

EU wheat market subdued

European wheat futures were little changed on Friday as a tough export season continued to weigh on sentiment, while livestock feed makers again provided some demand. Chart support also underpinned futures near recent lows, while reluctant selling by farm
Published 16 Dec, 2017 12:00am
Gold heads to first weekly gain in four weeks after Fed rise

Gold heads to first weekly gain in four weeks after Fed rise

Gold prices on Friday held onto gains made after this week's interest rate rise by the US Federal Reserve and were set for their first weekly rise in four weeks. Spot gold was up 0.1 percent at $1,254.45 an ounce at 1618 GMT, recovering from a five-month
Published 16 Dec, 2017 12:00am
Gold edges up in Asia

Gold edges up in Asia

Gold edged higher in Asian trade on Friday, heading for their first weekly gain in four, as the dollar sagged on concerns about the progress of US tax reform. "The US dollar is weakening a little and that's benefiting gold," said Ronald Leung, chief deale
Published 16 Dec, 2017 12:00am
Gold dips, off one-week high in NY

Gold dips, off one-week high in NY

Gold dipped slightly on Thursday, easing off a one-week high as the dollar rebounded following strong US retail sales data, while palladium rose to its highest since February 2001. US retail sales increased more than expected in November as the holiday sh
Published 16 Dec, 2017 12:00am
Rubber falls
Exchange

Rubber falls

Benchmark Tokyo rubber futures ended down 0.2 percent on Friday, as a stronger yen offset firm Shanghai futures, brokers said. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, remained well below a two
Published 16 Dec, 2017 12:00am
Oil holds below two-year highs with focus on US output

Oil holds below two-year highs with focus on US output

Oil prices were mixed on Friday, lingering below two-year highs on Friday as the continuing outage of a North Sea pipeline and Opec-led production cuts supported prices, while climbing US output kept a lid on gains. Brent crude futures were down 4 cents a
Published 16 Dec, 2017 12:00am
Copper hits three-week high, boosted by buying on Wall Street
Exchange

Copper hits three-week high, boosted by buying on Wall Street

Copper prices scaled three-week highs on Friday after the New York open and as expectations of strong demand in top consumer China were reinforced by data showing firm industrial activity. Traders said rising stock market indices on Wall Street had booste
Published 16 Dec, 2017 12:00am
ICE cotton up over 1.5 percent; tops highest level in nine months
Cotton

ICE cotton up over 1.5 percent; tops highest level in nine months

ICE cotton futures jumped over 1.5 percent on Thursday to hit a near-nine month high, boosted by a supportive US export sales report. Cotton contracts for March settled up 1.2 cent, or 1.62 percent, at 75.33 cents per lb. The contract touched its highest
Published 16 Dec, 2017 12:00am
Sweden summons Iraq envoy over execution of dual national

Sweden summons Iraq envoy over execution of dual national

Sweden on Friday summoned Iraq's ambassador after condemning the hanging of an Iraqi-Swedish citizen among 38 jihadists belonging to the Islamic State (IS) group or Al-Qaeda in the southern city of Nasiriyah. "The death penalty is an inhumane, cruel, and
Published 16 Dec, 2017 12:00am
Prince Harry, Meghan Markle to marry on May 19

Prince Harry, Meghan Markle to marry on May 19

Britain's Prince Harry and US actress Meghan Markle will marry on May 19 at St George's Chapel in Windsor Castle near London, Kensington Palace said on Friday. "His Royal Highness Prince Henry of Wales and Ms Meghan Markle will marry on 19th May, 2018," t
Published 16 Dec, 2017 12:00am
Pope to meet Jordan King

Pope to meet Jordan King

Pope Francis will meet Jordan's King Abdullah II at the Vatican next week, the Holy See announced Friday, as Palestinians continue to clash with Israeli forces over US President Donald Trump's decision to recognise Jerusalem as Israel's capital. Demonstra
Published 16 Dec, 2017 12:00am
Iran accuses US of trying to hide own role in Yemen war

Iran accuses US of trying to hide own role in Yemen war

Iran's foreign minister accused the United States on Friday of trying to divert attention from its own responsibility for the deadly war in Yemen with claims of Iranian weapons shipments. Mohammad Javad Zarif was responding to claims by US ambassador to t
Published 16 Dec, 2017 12:00am
Germany's SPD agrees to exploratory government talks with Merkel

Germany's SPD agrees to exploratory government talks with Merkel

Germany's Social Democrats agreed Friday to open exploratory talks on building a government with Chancellor Angela Merkel's conservatives, taking Europe's biggest economy a small step closer towards a new coalition. The leader of Germany's second biggest
Published 16 Dec, 2017 12:00am
Bangladesh stops Rohingya preparing to board boat to Malaysia

Bangladesh stops Rohingya preparing to board boat to Malaysia

Bangladesh police arrested an alleged human trafficker and intercepted two Rohingya refugees preparing to board a boat for Malaysia, officials said Friday. Police acting on a tip-off raided a home near the coastal town of Teknaf in southeastern Bangladesh
Published 16 Dec, 2017 12:00am
Palestinians killed in new wave of protests

Palestinians killed in new wave of protests

Two Palestinians were shot dead by Israeli forces in clashes along the Gaza border Friday, as tens of thousands of people joined new protests against Washington's recognition of Jerusalem as Israel's capital. US President Donald Trump's December 6 announc
Published 16 Dec, 2017 12:00am
Russian security services uncover IS cell in Saint Petersburg

Russian security services uncover IS cell in Saint Petersburg

The Russian Federal Security Service (FSB) said on Friday it had uncovered a cell of the Islamic State group that was planning imminent terror attacks in the country's second city Saint Petersburg. "The FSB identified and stopped the activities of a cland
Published 16 Dec, 2017 12:00am
US Congress haggles over final tax reform compromises
Exchange

US Congress haggles over final tax reform compromises

The Republican majority of the US Congress on Friday put the finishing touches on its tax overhaul plan, though a handful of senators pushed for final concessions in exchange for their votes. The House of Representatives and the Senate each adopted their
Published 16 Dec, 2017 12:00am
Erdogan opens driverless metro

Erdogan opens driverless metro

Turkish President Recep Tayyip Erdogan on Friday opened the country's first driverless metro line, an eagerly awaited project expected to relieve congestion in a traffic-choked area of Istanbul. The new metro line connects Uskudar on the Asian side of Ist
Published 16 Dec, 2017 12:00am
England face 'huge session'

England face 'huge session'

England's Jonny Bairstow said Friday the tourists were facing a "huge session" as Australian captain Steve Smith threatened to seize control of the crucial third Ashes Test in Perth by completing a fighting century. At stumps on the second day Australia w
Published 16 Dec, 2017 12:00am
Smith foils England again

Smith foils England again

Australian captain Steve Smith again proved to be a major obstacle as England wasn't able to capitalise on their overnight momentum on the second day of the third Ashes Test in Perth on Friday. England first innings centurion Dawid Malan urged his team to
Published 16 Dec, 2017 12:00am
Rose retains lead at storm-hit Indonesian Masters

Rose retains lead at storm-hit Indonesian Masters

England's Justin Rose retained the clubhouse lead after a curtailed second round at the storm-hit Indonesian Masters on Friday, as Thailand's Kiradech Aphibarnrat vaulted to second on the leaderboard. Rose, the world number six, was on an aggregate score
Published 16 Dec, 2017 12:00am
Bairstow plays down headbutt celebration

Bairstow plays down headbutt celebration

England's Jonny Bairstow played down his "light-hearted" celebration on Friday after he welcomed his Ashes century by mimicking a headbutt - a reference to a controversy which threatened to overshadow his series. Bairstow took off his helmet and knocked i
Published 16 Dec, 2017 12:00am
Britain's Bedene to switch allegiance to Slovenia

Britain's Bedene to switch allegiance to Slovenia

British number two Aljaz Bedene said on Friday he intends to represent his native Slovenia so he can compete in the Davis Cup and the Olympics. The 28-year-old, who lives in London, became a British citizen in March 2015 and among British players the worl
Published 16 Dec, 2017 12:00am
Maradona lauds 'revelation' Mbappe

Maradona lauds 'revelation' Mbappe

Argentina great Diego Maradona praised Kylian Mbappe on Friday as "the revelation of football" after the French teenage sensation's spectacular rise to stardom. Mbappe, who only turns 19 on December 20, finished seventh in last week's Ballon d'Or voting -
Published 16 Dec, 2017 12:00am
Hewitt comes out of retirement to play doubles at Australian Open

Hewitt comes out of retirement to play doubles at Australian Open

Former world number one Lleyton Hewitt is to come out of retirement temporarily and play doubles with compatriot Sam Groth at next month's Australian Open, local media reported on Friday. Hewitt, a US Open and Wimbledon singles champion, officially retire
Published 16 Dec, 2017 12:00am
Ferstl earns surprise Val Gardena super-G win

Ferstl earns surprise Val Gardena super-G win

Josef Ferstl earned a shock victory in Friday's World Cup super-G at Val Gardena as the unheralded German took advantage of a mistake by last year's winner Kjetil Jansrud. The 29-year-old Ferstl had never finished higher than fifth in his career, but he m
Published 16 Dec, 2017 12:00am
New Indian boss mulls bid for 2032 Olympics

New Indian boss mulls bid for 2032 Olympics

India's new Olympics chief Narinder Batra has vowed to make bids to stage the 2032 Olympics, 2030 Asian Games or 2026 Commonwealth Games, saying the country must "think big". Batra, who is also the International Hockey Federation (FIH) president, said aft
Published 16 Dec, 2017 12:00am
'BoP Polo Tournament 2017': Master Paints qualifies for main final

'BoP Polo Tournament 2017': Master Paints qualifies for main final

Master Paints qualified for the main final while Newage booked berth in the subsidiary final of the Bank of Punjab (BoP) Polo Tournament 2017 here at the Lahore Polo Club (LPC) ground on Friday. Bilal Haye and Hamza Mawaz Khan were the joint heroes of Mas
Published 16 Dec, 2017 12:00am
Saunders seeks to defend title in Lemieux's back yard

Saunders seeks to defend title in Lemieux's back yard

Boxing champion Billy Joe Saunders hopes that new surroundings brings out the best in him as he puts his World Boxing Organization middleweight title on the line against David Lemieux. The 28-year-old Englishman will fight for the first time in North Amer
Published 16 Dec, 2017 12:00am
Sterling reverses gains
Currency

Sterling reverses gains

Sterling reversed gains and headed for the day's lows on Friday as the dollar's gains prompted investors to take profits after a boost from officials saying Brexit negotiations will move to the next stage in January. The European Union agree to move talks
Published 16 Dec, 2017 12:00am
Aussie, Kiwi hold gains as US dollar backtracks
Currency

Aussie, Kiwi hold gains as US dollar backtracks

The Australian and New Zealand dollars held near multi-week highs on Friday, both buoyed by positive economic news at home and market expectations for only gradual further rate rises in the United States. The Aussie dollar was firm at $0.7667, having stre
Published 16 Dec, 2017 12:00am
Most Asian FX restrained, rupee rallies
Currency

Most Asian FX restrained, rupee rallies

Most emerging Asian currencies traded in narrow ranges on Friday, restrained by weak equity markets and a lack of fresh catalysts though the Indian rupee rose on signs the country's ruling party could win a key state election.
Published 16 Dec, 2017 12:00am
Sri Lankan rupee closes steady
Currency

Sri Lankan rupee closes steady

The Sri Lankan rupee closed little changed on Friday as importer dollar demand offset selling of the US currency by exporters in late trade, dealers said. The spot rupee, which traded at 153.30 per dollar during the day, ended at 153.12/20 per dollar, com
Published 16 Dec, 2017 12:00am
Dollar gains against Euro
Currency

Dollar gains against Euro

The US dollar gained against the euro on Thursday after the European Central Bank raised growth and inflation forecasts for the euro area, but stuck with its pledge to provide stimulus for as long as needed. The ECB kept its key rates on hold and also hel
Published 16 Dec, 2017 12:00am
Dollar dips in Europe
Currency

Dollar dips in Europe

The dollar slipped to a nine-day low against the yen on Friday, after wrangling in the United States Congress over a bill to change the tax code dented confidence that the reforms would be pushed through in their current state. The greenback had climbed t
Published 16 Dec, 2017 12:00am
Dollar stutters in Asia
Currency

Dollar stutters in Asia

The dollar was on the defensive on Friday after wrangling over a bill to change the US tax code dented confidence, while the euro sagged after the European Central Bank signalled it would maintain stimulus for as long as needed. The greenback was off 0.2
Published 16 Dec, 2017 12:00am
FTSE hovers, set for a weekly gain

FTSE hovers, set for a weekly gain

Britain's major stock index steadied on Friday at the end of a busy week of central bank meetings, with financials sagging again while BT was boosted by a deal with Sky. The FTSE 100 inched around 0.1 percent lower in line with mid- and small-cap indices.
Published 16 Dec, 2017 12:00am
Hong Kong stocks fall one percent

Hong Kong stocks fall one percent

Hong Kong stocks fell on Friday, led down by property and information technology firms tracking their mainland peers, with sentiment dented by Wall Street's weakness on concerns about the progress of US tax reform. At close of trade, the Hang Seng index w
Published 16 Dec, 2017 12:00am
H&M leads European shares lower

H&M leads European shares lower

European shares inched lower on Friday, weighed down by disappointing trading updates from fashion brands H&M and Ferragamo and weakness among heavyweight banks. But dealmaking activity in the telecom sector and gains among utility stocks offset part of t
Published 16 Dec, 2017 12:00am
China shares fall on profit-taking
Exchange

China shares fall on profit-taking

China stocks fell on Friday, leaving main indexes down for the week, as investors responded to China's hike in market interest rates by taking profits in sectors that have had robust gains this year. At the close, the Shanghai Composite index was down 26.
Published 16 Dec, 2017 12:00am
Sri Lankan stocks slip to eight-month closing low

Sri Lankan stocks slip to eight-month closing low

Sri Lankan shares slipped to their lowest close in eight months on Friday as investors offloaded telecom and plantation stocks. The Colombo Stock Index ended 0.08 percent weaker at 6,352.10, its lowest close since April 17. It dropped 0.4 percent this wee
Published 16 Dec, 2017 12:00am
Australia shares dragged lower; New Zealand hits record high

Australia shares dragged lower; New Zealand hits record high

Australian shares finished below 6,000 points on Friday, dragged lower by banks as the country's largest lender faced new claims from the financial crimes watchdog. The Australian Transaction Reports and Analysis Centre (AUSTRAC) added more than 100 new c
Published 16 Dec, 2017 12:00am
Wall Street falls as investors fret about tax bill passage
Exchange

Wall Street falls as investors fret about tax bill passage

Major US stock indexes fell on Thursday, with the S&P 500 down the most in a month, as investor worries over potential roadblocks to the Republicans' tax overhaul more than offset optimism over strong retail sales data. Though congressional Republicans ha
Published 16 Dec, 2017 12:00am
Tokyo's Nikkei index closes lower

Tokyo's Nikkei index closes lower

Tokyo's bellwether Nikkei stock index fell for the fourth consecutive session on Friday as fresh doubts about US tax cut plans outweighed a robust business confidence survey. The Nikkei 225 index lost 0.62 percent, or 141.23 points, to close at 22,553.22.
Published 16 Dec, 2017 12:00am
Indian shares end higher on Gujarat exit polls boost

Indian shares end higher on Gujarat exit polls boost

Indian shares ended higher on Friday, led by banks, as early surveys forecast a victory for Prime Minister Narendra Modi's Bharatiya Janata Party in the key Gujarat state elections. The benchmark BSE index closed up 0.65 percent at 33,462.97, while the br
Published 16 Dec, 2017 12:00am
France, Germany to unveil eurozone reforms in March
Currency

France, Germany to unveil eurozone reforms in March

Germany and France will offer their joint vision for reforming the eurozone by March, German Chancellor Angela Merkel said on Friday, in an effort to bridge divisions over the future of the single currency.
Published 16 Dec, 2017 12:00am
Ryanair pilots suspend strike as airline offers union recognition

Ryanair pilots suspend strike as airline offers union recognition

Ryanair pilots in Italy suspended unique strike action due Friday after the no-frills Irish airline offered to recognise unions for the first time. The Associazione Nazionale Professionale Aviazione Civile (ANPAC) called Ryanair's move "a very important f
Published 16 Dec, 2017 12:00am
Facebook moves to make more video ad money
Kerb

Facebook moves to make more video ad money

Facebook on Thursday moved to bolster its appeal and money-making potential as an online platform for viewing video similar to YouTube. The leading social network will next year test showing short ads before videos on a new 'Watch' section devoted to just
Published 16 Dec, 2017 12:00am
US industrial output increases 0.2 percent in November

US industrial output increases 0.2 percent in November

US industrial production rose less than expected in November as a drop in utilities output offset a post-hurricane rebound in the oil and gas industries and the third consecutive monthly advance for manufacturing, the Federal Reserve said on Friday.
Published 16 Dec, 2017 12:00am
Belgian central bank ups 2017-2018 growth forecasts

Belgian central bank ups 2017-2018 growth forecasts

Belgium's central bank slightly increased its growth forecasts on Friday for the country's economy for this year and next, but said it expected expansion at a lower rate thereafter.
Published 16 Dec, 2017 12:00am
Skewed Irish GDP likely to beat official projections

Skewed Irish GDP likely to beat official projections

Ireland's volatile gross domestic product (GDP) is likely to beat official forecasts for growth of 5.1 percent this year after expanding sharply in the third quarter, Finance Minister Paschal Donohoe said on Friday.
Published 16 Dec, 2017 12:00am
Amazon to settle Italy tax row with 100 millions euro

Amazon to settle Italy tax row with 100 millions euro

Amazon has agreed to pay the Italian taxman 100 million euros ($118 million) to settle a dispute over suspected tax fraud, the Italian revenue service said Friday. Italian authorities have been investigating Amazon for tax evasion in the period between 20
Published 16 Dec, 2017 12:00am
Britain seeks closer ties to China's Belt and Road

Britain seeks closer ties to China's Belt and Road

Britain seeks "closer collaboration" with China on its Belt and Road infrastructure project, finance minister Philip Hammond said Friday in Beijing on a trip expected to secure more than £1 billlion ($1.34 billion) in deals China is one of Britain's large
Published 16 Dec, 2017 12:00am
Winter cuts dent China's industrial output

Winter cuts dent China's industrial output

China's industrial output slowed again in November, official data showed Thursday, as authorities press on with their fight against smog by clamping down on polluting heavy industries. Output at factories and workshops expanded 6.1 percent year-on-year, t
Published 16 Dec, 2017 12:00am
Crisis boosted confidence in Lebanese economy: central bank
Currency

Crisis boosted confidence in Lebanese economy: central bank

Lebanon's ability to survive the crisis sparked last month by the premier's now rescinded resignation has increased confidence in its economy, the governor of the country's central bank said Friday. Lebanon, chronically feared to be on the brink of defaul
Published 16 Dec, 2017 12:00am
US FOB Gulf corn, soya bids firm

US FOB Gulf corn, soya bids firm

Basis bids for corn and soyabeans shipped by barge to the US Gulf were steady to firm on the spot market on Wednesday, supported by grain dealers looking to move recently harvested supplies to the export market. Bids for hard red winter wheat headed to th
Published 16 Dec, 2017 12:00am
Cotton prices hit season's high at Rs 7500
Cotton

Cotton prices hit season's high at Rs 7500

Pries hit season's high at Rs 7500 level on the cotton market on Friday due to persistent rise in demand, dealers said. Resulting, the official spot rate extended overnight gains, gaining more Rs 100 to Rs 6,950, they said. In ready session, over 30,000 b
Published 16 Dec, 2017 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 146,159 tonnes of cargo comprising 88,645 tonnes of import cargo and 57,514 tonnes of export cargo including 5,936 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 88,6
Published 16 Dec, 2017 12:00am
EU wheat futures slightly lower
Exchange

EU wheat futures slightly lower

European wheat futures closed slightly lower on Wednesday as a firm euro and a reduced forecast for French exports kept attention on stiff competition in a well supplied international market. March milling wheat, the most active contract on the Paris-base
Published 16 Dec, 2017 12:00am
Russian wheat export prices flat on fall in Chicago

Russian wheat export prices flat on fall in Chicago

Russian wheat export prices were flat last week despite a fall in Chicago wheat, supported by buyers building up stocks before Russia's long New Year holiday, analysts said. Russian wheat prices remain competitive after the decline of recent months, the a
Published 16 Dec, 2017 12:00am
CBOT soyabean futures rise

CBOT soyabean futures rise

US soyabean futures rose on Wednesday, breaking a streak of five straight lower closes on technical buying and short-covering, traders said. Support for the benchmark CBOT January soyabean futures contract was noted at the 200-day moving average. Prices c
Published 16 Dec, 2017 12:00am
HRW wheat bids fall

HRW wheat bids fall

Hard red winter (HRW) wheat cash spot basis bids at the US Gulf fell on Wednesday due to an adjustment to recent increases to near record highs, a merchant said. The track basis at the US Gulf export terminal declined by 9 cents from Tuesday to 230 cents
Published 16 Dec, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,092. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.639billion and the number of lots traded was 6,367.
Published 16 Dec, 2017 12:00am
Catholics detained singing Xmas carols in Indian state

Catholics detained singing Xmas carols in Indian state

Indian police detained dozens of Catholics singing Christmas carols for allegedly trying to convert people, officials said Friday, as fears grow over religious freedom in the South Asian nation. Police said 32 people were detained for trying to convert pe
Published 16 Dec, 2017 12:00am
UN Syria talks in doubt as Russia takes on dealmaker role

UN Syria talks in doubt as Russia takes on dealmaker role

The failure of Syria peace talks this week has cast doubt over UN efforts to mediate a solution to the country's devastating war, while regime backer Russia has emerged as a key dealmaker, analysts say. The latest round of Geneva-based talks aimed at endi
Published 16 Dec, 2017 12:00am
Azerbaijan jails journalist for six years

Azerbaijan jails journalist for six years

An Azerbaijani court on Friday sentenced an opposition journalist to six years in jail for economic crimes - charges he denounced as made up and politically motivated. Aziz Orujov, director of Kanal 13 internet television, "is being punished for covering
Published 16 Dec, 2017 12:00am
Nelly raps for Saudis as Travolta talks Tinseltown

Nelly raps for Saudis as Travolta talks Tinseltown

American entertainers actor John Travolta and singer Nelly are in Saudi Arabia as the ultra-conservative Gulf kingdom undergoes a vast "modernisation" plan launched by Crown Prince Mohammed bin Salman. Travolta was in the capital Riyadh for a discussion F
Published 16 Dec, 2017 12:00am
Flights between Russia and Egypt to resume in February
Currency

Flights between Russia and Egypt to resume in February

Flights between Russia and Egypt will resume in February, the Russian transport ministry announced Friday, after they were suspended in 2015 following an airliner bombing claimed by the Islamic State group. Russian transport minister Maksim Sokolov and Eg
Published 16 Dec, 2017 12:00am
KARACHI CHRONICLE: London Mayor's visit

KARACHI CHRONICLE: London Mayor's visit

Sadiq Khan Mayor of London arrived in Karachi last week on the last leg of a six-day goodwill mission to India and Pakistan. He played cricket, met university students, attended a book launch, paid an obligatory (for VIPs) visit to the Quaid's mazaar and,
Published 16 Dec, 2017 12:00am
ART FACTS: Traditional disciplinary boundaries

ART FACTS: Traditional disciplinary boundaries

An exhibition titled "Beneath the Surface" portrayed vivid imaginations of emerging artists about traditional disciplinary boundaries in our society in their paintings, sculptures and mixed media works at Canvas Gallery, Karachi. Thus the new generation o
Published 16 Dec, 2017 12:00am
Subtle gestures

Subtle gestures

Humans generally communicate with each other through verbal means of communication in the form of a language to express their feelings. However our whole body is capable of expressing emotions. Mostly when we are unable to talk because of certain barriers
Published 16 Dec, 2017 12:00am
Turkish 'Microangelo' tells Istanbul's tale

Turkish 'Microangelo' tells Istanbul's tale

Following his morning stroll around Istanbul's medieval Galata tower, Hasan Kale walks into a bulk food market to examine the goods that will make up his next canvas.
Published 16 Dec, 2017 12:00am
Tech titans ramp up tools to win over children

Tech titans ramp up tools to win over children

From smartphone messaging tailored for tikes to computers for classrooms, technology titans are weaving their way into childhoods to form lifelong bonds, raising hackles of advocacy groups.
Published 16 Dec, 2017 12:00am
Weird but cute: Japan's capsule toys play big in Internet age

Weird but cute: Japan's capsule toys play big in Internet age

A tiny replica of an ancient Egyptian sarcophagus and a plastic cat squatting on sushi: just two of the weird-and-wonderfulcapsule toys that have become a multi-million-dollar craze in cute-obsessed Japan. The industry is now worth an estimated 30 billion
Published 16 Dec, 2017 12:00am
Remembering December 16

Remembering December 16

So we have yet another December 16 to mourn the loss of East Pakistan. The day brings back 1971 riot horror to the ancestors of thousands of Urdu speaking people who were killed by their compatriot Bengalis and who had survived the wholesale killing of th
Published 16 Dec, 2017 12:00am
Mountains of Pakistan

Mountains of Pakistan

Our country Pakistan is blessed with so many natural attractions. There are beautiful lakes, fascinating forests, remarkable beaches and astonishing mountain ranges. Five of the world's fourteen mountains taller than 8,000 meters (26,000 ft) are in Pakist
Published 16 Dec, 2017 12:00am
Saudi Arabia finds its funny bone with stand-up comedy

Saudi Arabia finds its funny bone with stand-up comedy

Saudis took the stage one by one to poke fun at the world - and themselves - introducing a hissing, cackling audience to an art form widely unknown in the conservative kingdom: stand-up comedy. Chuckles and squeals ran through the crowd at a rare amateur
Published 16 Dec, 2017 12:00am
JOHNNY HALLYDAY: France's troubled Elvis

JOHNNY HALLYDAY: France's troubled Elvis

Johnny Hallyday, France's king of rock who has died aged 74 after a battle with lung cancer, was a leather-clad would-be Elvis who earned love and scorn over five decades spent belting out American rock 'n' roll. While he was never taken seriously abroad,
Published 16 Dec, 2017 12:00am
BRIDGE NOTES: Two plus one need not always make three

BRIDGE NOTES: Two plus one need not always make three

Card reading at Bridge is not everyone's forte. For to be a player who can have crystal gazing powers to see through the back of the cards, one has to put in a lot of hard work, sustained concentration and the ability to deduce and reason logically. A cla
Published 16 Dec, 2017 12:00am
Virat-Anushka 'royal' wedding

Virat-Anushka 'royal' wedding

He's the "king" of Indian cricket. She's a glamorous Bollywood actress and former model. Newlyweds Virat Kohli and Anushka Sharma are celebrity royalty and India is cock-a-hoop over their marriage.
Published 16 Dec, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 16 Dec, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 16 Dec, 2017 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 16 Dec, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 16 Dec, 2017 12:00am
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