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Archive - 2017-12-31
Iran 'tested by its own citizens': Haley
World Top News

Iran 'tested by its own citizens': Haley

UNITED NATIONS: Nikki Haley, the US ambassador to the United Nations, said Sunday Iran's government is "being tested by
Published 31 Dec, 2017 05:23pm
36 dead in central Kenya bus crash
Front Top News

36 dead in central Kenya bus crash

NAIROBI: Thirty-six people were killed and 11 injured early Sunday morning in a head-on collision between a bus and a lo
Published 31 Dec, 2017 07:57pm
Cotton futures gains 25 percent in 2017, best year in seven
Cotton

Cotton futures gains 25 percent in 2017, best year in seven

ICE cotton futures jumped 25 percent this year, marking its best annual performance since 2010, with prices hovering near a 3-1/2 year high on Friday, on higher demand for the natural fibre. Cotton futures rose nearly 20 percent in the fourth quarter this
Published 31 Dec, 2017 12:00am
China issues first batch of crude oil import quotas for 2018

China issues first batch of crude oil import quotas for 2018

China has issued crude oil import quotas totalling 121.32 million tonnes for 44 companies in its first batch of allowances for 2018, according to a source with direct knowledge of the matter and documents reviewed by Reuters on Thursday. State-owned ChemC
Published 31 Dec, 2017 12:00am
China picks up pace on filling state oil reserves over 2016/2017

China picks up pace on filling state oil reserves over 2016/2017

China grew the crude oil volumes in its Strategic Petroleum Reserves (SPR) by nearly 14 percent between June 2016 and June 2017, data from the National Energy Administration (NEA) showed, picking up the stockpiling pace from the previous six months. China
Published 31 Dec, 2017 12:00am
Colombian coffee output seen falling 20 percent

Colombian coffee output seen falling 20 percent

Wet weather will cut coffee output in Colombia, the world's biggest producer of mild arabica beans, by 20 percent in the first half of 2018 compared to the same period this year, the head of the growers federation said on Wednesday. Output is already expe
Published 31 Dec, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (December 30, 2017).

Published 31 Dec, 2017 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

The rupee maintained overnight levels against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee sustained overnight levels in relation to the dollar for buying and selling at Rs 110.50 and Rs 110.80 respectively
Published 31 Dec, 2017 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

The rupee maintained overnight levels against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee sustained overnight levels in relation to the dollar for buying and selling at Rs 110.50 and Rs 110.80 respectively
Published 31 Dec, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 30, 2017).

Published 31 Dec, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 30, 2017).

Published 31 Dec, 2017 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (December 30, 2017).

Published 31 Dec, 2017 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 30, 2017).

Published 31 Dec, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 30, 2017)

Published 31 Dec, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 31 Dec, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (December 30, 2017) and the forecast for Sunday (December 31, 2017).

Published 31 Dec, 2017 12:00am
NAB takes notice of sleazy Gwadar land deals

NAB takes notice of sleazy Gwadar land deals

Chairman NAB Justice Javed Iqbal has taken notice of the reported corruption and irregularities in the allotment of industrial and commercial plots by Gwadar Industrial Estate Development Authority.
Published 31 Dec, 2017 12:00am
NAB takes notice of sleazy Gwadar land deals

NAB takes notice of sleazy Gwadar land deals

Chairman NAB Justice Javed Iqbal has taken notice of the reported corruption and irregularities in the allotment of industrial and commercial plots by Gwadar Industrial Estate Development Authority.
Published 31 Dec, 2017 12:00am
Bonus shares: FBR turns down MUFAP's WHT exemption proposal
Mutual Funds

Bonus shares: FBR turns down MUFAP's WHT exemption proposal

The Federal Board of Revenue (FBR) has turned down a proposal of Mutual Funds Association of Pakistan (MUFAP) for exemption of withholding tax deducted on bonus shares issued in respect of mutual funds in advance. A meeting of the Senate Standing Committe
Published 31 Dec, 2017 12:00am
Bonus shares: FBR turns down MUFAP's WHT exemption proposal
Mutual Funds

Bonus shares: FBR turns down MUFAP's WHT exemption proposal

The Federal Board of Revenue (FBR) has turned down a proposal of Mutual Funds Association of Pakistan (MUFAP) for exemption of withholding tax deducted on bonus shares issued in respect of mutual funds in advance. A meeting of the Senate Standing Committe
Published 31 Dec, 2017 12:00am
Bonus shares: FBR turns down MUFAP''s WHT exemption proposal
Mutual Funds

Bonus shares: FBR turns down MUFAP''s WHT exemption proposal

The Federal Board of Revenue (FBR) has turned down a proposal of Mutual Funds Association of Pakistan (MUFAP) for exemption of withholding tax deducted on bonus shares issued in respect of mutual funds in advance. A meeting of the Senate Standing Committe
Published 31 Dec, 2017 12:00am
Kingdom lending a helping hand to Sharifs?

Kingdom lending a helping hand to Sharifs?

The secret rendezvous between Saudi high-ups and the Sharif brothers has triggered speculations that a deal similar to controversial NRO is in the offing in order to give some relief to the beleaguered Sharif family facing multiple graft cases in wake of
Published 31 Dec, 2017 12:00am
Kingdom lending a helping hand to Sharifs?

Kingdom lending a helping hand to Sharifs?

The secret rendezvous between Saudi high-ups and the Sharif brothers has triggered speculations that a deal similar to controversial NRO is in the offing in order to give some relief to the beleaguered Sharif family facing multiple graft cases in wake of
Published 31 Dec, 2017 12:00am
Model Town incident: APC urges SC to take suo motu notice

Model Town incident: APC urges SC to take suo motu notice

Extending the deadline to January 7 for resignations of Punjab Chief Minister Shahbaz Sharif, Law Minister Rana Sanaullah and others allegedly held responsible in Justice Baqar Najafi's report, the All Parties Conference (APC) led by the Pakistan Awami Te
Published 31 Dec, 2017 12:00am
Model Town incident: APC urges SC to take suo motu notice

Model Town incident: APC urges SC to take suo motu notice

Extending the deadline to January 7 for resignations of Punjab Chief Minister Shahbaz Sharif, Law Minister Rana Sanaullah and others allegedly held responsible in Justice Baqar Najafi's report, the All Parties Conference (APC) led by the Pakistan Awami Te
Published 31 Dec, 2017 12:00am
Shahbaz, Sanaullah offer to make sworn statements

Shahbaz, Sanaullah offer to make sworn statements

Chief Minister Shehbaz Sharif and provincial Law Minister Rana Sanaullah Saturday said that they were willing to issue their sworn statements in regards to the Model Town incident and clear any misunderstandings. Punjab Law Minister Rana Sanaullah also sa
Published 31 Dec, 2017 12:00am
Shahbaz, Sanaullah offer to make sworn statements

Shahbaz, Sanaullah offer to make sworn statements

Chief Minister Shehbaz Sharif and provincial Law Minister Rana Sanaullah Saturday said that they were willing to issue their sworn statements in regards to the Model Town incident and clear any misunderstandings. Punjab Law Minister Rana Sanaullah also sa
Published 31 Dec, 2017 12:00am
Iran warns against illegal gatherings after protests

Iran warns against illegal gatherings after protests

The Iranian government warned people against further protests on Saturday after two days of demonstrations sparked by anger over an array of economic problems. "We urge all those who receive these calls to protest not to participate in these illegal gathe
Published 31 Dec, 2017 12:00am
Iran warns against illegal gatherings after protests

Iran warns against illegal gatherings after protests

The Iranian government warned people against further protests on Saturday after two days of demonstrations sparked by anger over an array of economic problems. "We urge all those who receive these calls to protest not to participate in these illegal gathe
Published 31 Dec, 2017 12:00am
Key events around the world in 2017

Key events around the world in 2017

From the inauguration of US President Donald Trump to the exodus of Rohingyas from Myanmar, here are 12 events that marked 2017.
Published 31 Dec, 2017 12:00am
Key events around the world in 2017

Key events around the world in 2017

From the inauguration of US President Donald Trump to the exodus of Rohingyas from Myanmar, here are 12 events that marked 2017.
Published 31 Dec, 2017 12:00am
Ex-CJCS Wynne dies in road accident

Ex-CJCS Wynne dies in road accident

Former Chairman Joint Chiefs of Staff Committee, General Khalid Shamim Wynne (retd) died on Saturday in a road accident on Islamabad-Lahore Motorway. The accident occurred near Chakri Interchange en route to Lahore, where General Wynne's car turned turtle
Published 31 Dec, 2017 12:00am
Ex-CJCS Wynne dies in road accident

Ex-CJCS Wynne dies in road accident

Former Chairman Joint Chiefs of Staff Committee, General Khalid Shamim Wynne (retd) died on Saturday in a road accident on Islamabad-Lahore Motorway. The accident occurred near Chakri Interchange en route to Lahore, where General Wynne's car turned turtle
Published 31 Dec, 2017 12:00am
Gazan dies after border clash with Israel forces

Gazan dies after border clash with Israel forces

A Gazan died on Saturday after being wounded by Israeli fire during a protest on the border over US recognition of Jerusalem as Israel's capital, a Palestinian health official said. Jamal Muslih, 20, of Al-Bureij refugee camp in central Gaza, had been ser
Published 31 Dec, 2017 12:00am
Gazan dies after border clash with Israel forces

Gazan dies after border clash with Israel forces

A Gazan died on Saturday after being wounded by Israeli fire during a protest on the border over US recognition of Jerusalem as Israel's capital, a Palestinian health official said. Jamal Muslih, 20, of Al-Bureij refugee camp in central Gaza, had been ser
Published 31 Dec, 2017 12:00am
India moves to build dam in Kathua

India moves to build dam in Kathua

In keeping with its declared intentions to deny Pakistan of its share of water, the Indian government has moved further on a project to store water in Jammu and Kashmir's Kathua district, Times of India reported on Saturday.
Published 31 Dec, 2017 12:00am
FO rejects India's objection on Palestine envoy

FO rejects India's objection on Palestine envoy

The Foreign Office on Saturday rejected India's objection to decision by Palestinian ambassador Walid Abu Ali to share the stage at a rally in Rawalpindi on Friday with Jamaat-ud-Dawa chief Hafiz Saeed, The ambassador was recalled by the Palestinian gover
Published 31 Dec, 2017 12:00am
AIDC bigwigs lock horns over proposed status for GNL

AIDC bigwigs lock horns over proposed status for GNL

The members of the Auto Industry Development Committee (AIDC), comprising top guns of auto sector, have reportedly locked horns over a proposal meant to grant Brownfield status to M/s Ghandhara Nissan Ltd (GNL), well-informed sources told Business Reco
Published 31 Dec, 2017 12:00am
AIDC bigwigs lock horns over proposed status for GNL

AIDC bigwigs lock horns over proposed status for GNL

The members of the Auto Industry Development Committee (AIDC), comprising top guns of auto sector, have reportedly locked horns over a proposal meant to grant Brownfield status to M/s Ghandhara Nissan Ltd (GNL), well-informed sources told Business Reco
Published 31 Dec, 2017 12:00am
AIDC bigwigs lock horns over proposed status for GNL

AIDC bigwigs lock horns over proposed status for GNL

The members of the Auto Industry Development Committee (AIDC), comprising top guns of auto sector, have reportedly locked horns over a proposal meant to grant Brownfield status to M/s Ghandhara Nissan Ltd (GNL), well-informed sources told Business Reco
Published 31 Dec, 2017 12:00am
Saint Petersburg supermarket attack suspect arrested

Saint Petersburg supermarket attack suspect arrested

Russian investigators on Saturday arrested a suspect behind the Saint Petersburg bomb attack which tore through a supermarket this week, wounding 18 people. "The suspect is being questioned," a spokeswoman for the Russian Investigative Committee, Svetlana
Published 31 Dec, 2017 12:00am
Man with explosives takes 11 hostages in Ukraine
Exchange

Man with explosives takes 11 hostages in Ukraine

A man believed to be strapped with explosives has taken nine adults and two children hostage in a post office in the Ukrainian city of Kharkiv, police said on Saturday. The unidentified man is calm, has not made any demands and is in regular contact with
Published 31 Dec, 2017 12:00am
DR Congo arrests suspected mastermind of UN experts' murder

DR Congo arrests suspected mastermind of UN experts' murder

A village chief believed to have ordered the killing in March of two UN experts in the Democratic Republic of Congo was arrested Saturday, a Congolese military spokesman said. Congolese authorities have from the start said the suspect, Constantin Tshidime
Published 31 Dec, 2017 12:00am
Malik, Yousufi elected KPC president & secretary

Malik, Yousufi elected KPC president & secretary

Ahmed Khan Malik of The Panel and Maqsood Yousufi of The Democrats were elected president and secretary of Karachi Press Club, respectively, in the annual election, held here on Saturday. Malik was the only candidate from The Panel to emerage
Published 31 Dec, 2017 12:00am
Malik, Yousufi elected KPC president & secretary

Malik, Yousufi elected KPC president & secretary

Ahmed Khan Malik of The Panel and Maqsood Yousufi of The Democrats were elected president and secretary of Karachi Press Club, respectively, in the annual election, held here on Saturday. Malik was the only candidate from The Panel to emerage
Published 31 Dec, 2017 12:00am
MQM leaves APC over demands

MQM leaves APC over demands

Muttahida Qaumi Movement (MQM) left the All Parties Conference (APC) after developing differences over the demand for resignations of Chief Minister Punjab Shahbaz Sharif as well as Punjab Law Minister Rana Sanaullah, said sources.
Published 31 Dec, 2017 12:00am
MQM leaves APC over demands

MQM leaves APC over demands

Muttahida Qaumi Movement (MQM) left the All Parties Conference (APC) after developing differences over the demand for resignations of Chief Minister Punjab Shahbaz Sharif as well as Punjab Law Minister Rana Sanaullah, said sources.
Published 31 Dec, 2017 12:00am
NHA fails to execute rehabilitation programme

NHA fails to execute rehabilitation programme

The National Highway Authority (NHA) has failed to execute maintenance and rehabilitation programme of over Rs 21 billion approved under the Annual Maintenance Plan (AMP) for 2015-16 & 2016-17, it was learnt. Official documents available with Business
Published 31 Dec, 2017 12:00am
NHA fails to execute rehabilitation programme

NHA fails to execute rehabilitation programme

The National Highway Authority (NHA) has failed to execute maintenance and rehabilitation programme of over Rs 21 billion approved under the Annual Maintenance Plan (AMP) for 2015-16 & 2016-17, it was learnt. Official documents available with Business
Published 31 Dec, 2017 12:00am
NHA fails to execute rehabilitation programme

NHA fails to execute rehabilitation programme

The National Highway Authority (NHA) has failed to execute maintenance and rehabilitation programme of over Rs 21 billion approved under the Annual Maintenance Plan (AMP) for 2015-16 & 2016-17, it was learnt. Official documents available with Business
Published 31 Dec, 2017 12:00am
Morsi sentenced to three years in prison

Morsi sentenced to three years in prison

An Egyptian court sentenced ousted Islamist president Mohamed Morsi to three years in prison along with 19 other defendants on Saturday for "insulting the judiciary," his lawyer said. The other defendants include former members of parliament, activists an
Published 31 Dec, 2017 12:00am
Morsi sentenced to three years in prison

Morsi sentenced to three years in prison

An Egyptian court sentenced ousted Islamist president Mohamed Morsi to three years in prison along with 19 other defendants on Saturday for "insulting the judiciary," his lawyer said. The other defendants include former members of parliament, activists an
Published 31 Dec, 2017 12:00am
Policeman killed in rare Oman stabbing

Policeman killed in rare Oman stabbing

A policeman was stabbed to death Saturday in a rare attack in Oman's capital Muscat, authorities said, with his assailant described as "mentally ill". Police said the attacker stabbed the policeman at a Muscat shopping centre, adding that the assailant "w
Published 31 Dec, 2017 12:00am
Policeman killed in rare Oman stabbing

Policeman killed in rare Oman stabbing

A policeman was stabbed to death Saturday in a rare attack in Oman's capital Muscat, authorities said, with his assailant described as "mentally ill". Police said the attacker stabbed the policeman at a Muscat shopping centre, adding that the assailant "w
Published 31 Dec, 2017 12:00am
Pvt Medical colleges' fees: PM&DC submits reply in Supreme Court

Pvt Medical colleges' fees: PM&DC submits reply in Supreme Court

Private medical colleges are grabbing money secretly from parents of students for admission under the pretext of donation and concealing this fact systematically. Counsel for Pakistan Medical & Dental Counsel (PM&DC) Muhammad Akram Sheikh said while submi
Published 31 Dec, 2017 12:00am
Pvt Medical colleges' fees: PM&DC submits reply in Supreme Court

Pvt Medical colleges' fees: PM&DC submits reply in Supreme Court

Private medical colleges are grabbing money secretly from parents of students for admission under the pretext of donation and concealing this fact systematically. Counsel for Pakistan Medical & Dental Counsel (PM&DC) Muhammad Akram Sheikh said while submi
Published 31 Dec, 2017 12:00am
Sheikh Rashid says willing to tender resignation

Sheikh Rashid says willing to tender resignation

Majority of the participants of All Parties Conference (APC) have apprehended a negative public reaction in case the participants fail to evolve a clear anti-government strategy. According to sources, Sheikh Rashed said he will be the first one to tender
Published 31 Dec, 2017 12:00am
Sheikh Rashid says willing to tender resignation

Sheikh Rashid says willing to tender resignation

Majority of the participants of All Parties Conference (APC) have apprehended a negative public reaction in case the participants fail to evolve a clear anti-government strategy. According to sources, Sheikh Rashed said he will be the first one to tender
Published 31 Dec, 2017 12:00am
Ownership of vehicles: ministry to obtain record of JuD and FIF

Ownership of vehicles: ministry to obtain record of JuD and FIF

The Ministry of Interior in coordination with the Excise & Taxation Departments and Federal Board of Revenue (FBR) will obtain record of registration of vehicles used by Jamaat-ud-Dawa (JuD) and Falah-e-Insaniat Foundation (FIF) to know about the ownershi
Published 31 Dec, 2017 12:00am
Ownership of vehicles: ministry to obtain record of JuD and FIF

Ownership of vehicles: ministry to obtain record of JuD and FIF

The Ministry of Interior in coordination with the Excise & Taxation Departments and Federal Board of Revenue (FBR) will obtain record of registration of vehicles used by Jamaat-ud-Dawa (JuD) and Falah-e-Insaniat Foundation (FIF) to know about the ownershi
Published 31 Dec, 2017 12:00am
Ownership of vehicles: ministry to obtain record of JuD and FIF

Ownership of vehicles: ministry to obtain record of JuD and FIF

The Ministry of Interior in coordination with the Excise & Taxation Departments and Federal Board of Revenue (FBR) will obtain record of registration of vehicles used by Jamaat-ud-Dawa (JuD) and Falah-e-Insaniat Foundation (FIF) to know about the ownershi
Published 31 Dec, 2017 12:00am
Government regrets India's refusal to issue pilgrim visas

Government regrets India's refusal to issue pilgrim visas

Pakistan on Saturday regretted India's refusal to issue visas to 192 Pakistani pilgrims to participate in annual Urs of Hazrat Khawaja Nizamuddin Aulia (RA) in Delhi from January 1-8, 2018. "Pakistan regrets the last minute postponement and non-issuance o
Published 31 Dec, 2017 12:00am
Government regrets India's refusal to issue pilgrim visas

Government regrets India's refusal to issue pilgrim visas

Pakistan on Saturday regretted India's refusal to issue visas to 192 Pakistani pilgrims to participate in annual Urs of Hazrat Khawaja Nizamuddin Aulia (RA) in Delhi from January 1-8, 2018. "Pakistan regrets the last minute postponement and non-issuance o
Published 31 Dec, 2017 12:00am
Sad state of medical education

Sad state of medical education

The Supreme Court's suo motu notice of the private medical colleges' affairs confirms what has been common knowledge: that the sector remains largely unregulated. While hearing the case of inflated fees, a two-member bench of the court, headed by Chief Ju
Published 31 Dec, 2017 12:00am
Yet another suicide bombing in Kabul

Yet another suicide bombing in Kabul

Kabul is increasingly coming under deadly terrorist attacks. On Thursday, a suicide bomber targeted a gathering marking the 38th anniversary of Soviet invasion of Afghanistan at a Shia cultural centre, leaving at least 41 people dead and 84 others injured
Published 31 Dec, 2017 12:00am
Subsidising fossil fuels to boost exports
Exchange

Subsidising fossil fuels to boost exports

An analysis has been made of one of the factors which is a significant constituent of the costs involved in exports of Pakistan. This significant factor is electricity and cost of its generation. Pakistan relies heavily on thermal sources for its electric
Published 31 Dec, 2017 12:00am
Canada's G7 presidency: a 'progressive agenda' at risk

Canada's G7 presidency: a 'progressive agenda' at risk

Prime Minister Justin Trudeau promises a "progressive agenda" for Canada's G7 presidency in 2018, but talks may once again hit a snag over climate change after the US withdrawal from the Paris agreement.
Published 31 Dec, 2017 12:00am
Ham shortage hits holiday meals in Venezuela
Exchange

Ham shortage hits holiday meals in Venezuela

Shortages in Venezuela have now hit an essential part of traditional Christmas and New Year's meals, leaving frustrated citizens with a new holiday chorus: "We want our ham!"
Published 31 Dec, 2017 12:00am
FPCCI elections

FPCCI elections

The United Business Group (UGB) led by Iftikhar Malik and S. M. Muneer deserves commendations and congratulations for making a clean sweep in the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) annual elections. According to newspaper rep
Published 31 Dec, 2017 12:00am
Seventh internationl moot on ICT held at IBA

Seventh internationl moot on ICT held at IBA

The seventh International Conference on Information and Communications Technologies (ICICT) was hosted by the Institute of Business Administration (IBA) at its City Campus on Saturday. The event was attended by over 300,000 participants, including delegat
Published 31 Dec, 2017 12:00am
PRGMEA chief hails Miftah's appointment

PRGMEA chief hails Miftah's appointment

Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) central chairman Shaikh Mohammad Shafiq, in a statement, express heartiest congratulations on the appointment of Dr Miftah Ismail as Adviser to the Prime Minister on Finance, Rev
Published 31 Dec, 2017 12:00am
Gang busted in Karachi

Gang busted in Karachi

The police busted an eight-member criminal gang and recovered weapons, here on Saturday. SP Jamshed Town Dr Rizwan said that Mehmoodabad and Brigade police conducted joint operation against the outlaws. During operations eight criminals belonging to Lyari
Published 31 Dec, 2017 12:00am
Baldia factory case: key suspect disowns confessional statement

Baldia factory case: key suspect disowns confessional statement

Abdul Rehman alias Bhola, a former sector-in-charge of the Muttahida Qaumi Movement (MQM), on Saturday retracted his confessional statement in the Baldia factory inferno case. The suspect through his lawyer moved an application in an anti-terrorism court,
Published 31 Dec, 2017 12:00am
Extortionists again raising heads in Lyari

Extortionists again raising heads in Lyari

Extortionists have started to spread terror in Karachi's area Lyari once again as a local trader has received death threats. As per details, the businessman has been told to give extortion money worth millions of rupees, otherwise his son would be murdere
Published 31 Dec, 2017 12:00am
Policy of securing loans damaging economy: PBIF

Policy of securing loans damaging economy: PBIF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that policy of getting loans to repay old loans and preferring borrowing over exports has not only damaged economy but also the sovereignty, therefore, the policy s
Published 31 Dec, 2017 12:00am
Below normal rainfall forecast

Below normal rainfall forecast

Slightly below normal rainfall is expected across the country during Jan 2018, the Met Office has forecast. Snowfall is also likely to remain slightly below normal during the month. It said that the mountainous region of the upcountry is expected to recei
Published 31 Dec, 2017 12:00am
Bid to smuggle gold, cellphones foiled

Bid to smuggle gold, cellphones foiled

Model Collectorate of Customs (MCC), Preventive on Saturday claimed to have recovered 377 grams of gold worth Rs 1.9 million and 10 expensive cell phones from a female passenger at Jinnah International Airport (JIAP). According to details, the staff had r
Published 31 Dec, 2017 12:00am
Rs 17 million looted in eight bank heists in 2017

Rs 17 million looted in eight bank heists in 2017

At least eight hapless private banks in Karachi had forlorn state of affairs in 2017 as robbers looted whooping Rs 17 million from them in just 27 minutes or 1620 seconds. As per details, the first bank robbery of 2017 was recorded on Jan-29 in which devi
Published 31 Dec, 2017 12:00am
PBC welcomes new finance team

PBC welcomes new finance team

The Pakistan Business Council (PBC), a think tank and business advocacy body composed of the most prominent businesses in Pakistan, including 25 of the largest multinationals from 12 countries, welcomes the appointment of the new leadership at the helm of
Published 31 Dec, 2017 12:00am
Fazl asks government to refrain from merging Fata with KP

Fazl asks government to refrain from merging Fata with KP

Chief of Jamiat Ulema-e-Islam-Fazl (JUI-F) Maulana Fazlur Rehman on Saturday categorically warned the government against merging Federally Administered Tribal Areas (FATA) with Khyber Pakhtunkhwa without consulting people of the area and their representat
Published 31 Dec, 2017 12:00am
Open Katchery held at Hoti police station in Mardan

Open Katchery held at Hoti police station in Mardan

Mardan District Police Officer, Dr Mian Saeed Ahmed on Saturday said that the aim of organizing of 'Kulli Katchery' at different police stations of the district is to reduce the problems of the people. He was addressing to the participants of an open katc
Published 31 Dec, 2017 12:00am
Sharifs seeking support to save plundered wealth, alleges Imran

Sharifs seeking support to save plundered wealth, alleges Imran

Echoing grievances voiced in Dr Tahirul Qadri's multi-parties conference, Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan said the embattled Sharifs are making visits to foreign countries in a bid to seek support allegedly to save the wealth they plund
Published 31 Dec, 2017 12:00am
Government urged to ensure foreign trade teams' visit to Sialkot

Government urged to ensure foreign trade teams' visit to Sialkot

Local exporter community has urged upon the federal government and Trade Development Authority of Pakistan (TDAP) that the visit of foreign investors and other trade delegations should be ensured to Sialkot. Sialkot possesses a unique export culture as a
Published 31 Dec, 2017 12:00am
Father-in-law killed by drug addict

Father-in-law killed by drug addict

A drug-addict shot dead his own father-in-law after holding his family members hostage on gunpoint here in Rawalpindi on Saturday. According to details, drug addict named Abdul Rahim held his family members hostage in the jurisdiction of Morgah Police Sta
Published 31 Dec, 2017 12:00am
Pakistan ranked world's top travel destination

Pakistan ranked world's top travel destination

Pakistan has been ranked the world's top travel destination for 2018 by the British Backpacker Society, which described Pakistan as "one of the friendliest countries on earth, with mountain scenery that is beyond anyone's wildest imagination". The British
Published 31 Dec, 2017 12:00am
Urs of Hazrat Abdul Qadir Jilani begins

Urs of Hazrat Abdul Qadir Jilani begins

Thousands of people throng the shrine of Harzat Sheikh Abdul Qadir Jilani (RA) situated at in Baghdad as the 878th Urs celebrations have begun on Saturday. A private news channel reported that the yearly anniversary is being observed on the 11th day of Ra
Published 31 Dec, 2017 12:00am
Asfandyar accuses Imran of introducing politics of mud-slinging

Asfandyar accuses Imran of introducing politics of mud-slinging

Awami National Party (ANP) Central President Asfandyar Wali Khan has criticized that Imran Khan has introduced politics of accusation, besmirching and mudslinging on opponents, which is very unfortunate for the country's politics.
Published 31 Dec, 2017 12:00am
Committee formed

Committee formed

A meeting of the APNS delegation was held with the Prime Minister Shahid Khaqan Abbasi on Dec 18, 2017 wherein the APNS office-bearers presented the issues faced by the print media, specifically the need for continuing the quota for regional newspapers; s
Published 31 Dec, 2017 12:00am
Fear of Nawaz's popularity behind anti-PML-N alliance: Maryam

Fear of Nawaz's popularity behind anti-PML-N alliance: Maryam

Former Prime Minister's daughter and PML-N leader Maryam Nawaz on Saturday said that despite Nawaz Sharif's disqualification, the opponents are afraid of growing popularity of the PML-N president and alliances are being made and broken against him.
Published 31 Dec, 2017 12:00am
Sanaullah accuses PAT of doing 'politics on bodies'

Sanaullah accuses PAT of doing 'politics on bodies'

Punjab Law Minister Rana Sanaullah said on Saturday that All Parties Conference (APC) organized by Pakistan Awami Tehreeik (PAT) in Lahore has been called to do 'politics on dead bodies' ahead of 2018 general elections. Talking to a private television cha
Published 31 Dec, 2017 12:00am
Kamal vows to fight against injustices

Kamal vows to fight against injustices

Pak Sarzameen Party (PSP) Chairman Mustafa Kamal said on Saturday that remaining silent against injustice is oppression itself. PSP chief expressed his views while talking to media in Lahore and said 14 citizens were martyred in Model Town incident, and a
Published 31 Dec, 2017 12:00am
FIA for international cybercrime treaty

FIA for international cybercrime treaty

Investigators of the Federal Investigation Agency (FIA) have raised serious concerns over the significance of inclusion of "international cooperation" chapter in the Prevention of Electronic Crimes Act (PECA), 2016, since the federal government has not si
Published 31 Dec, 2017 12:00am
UAF, ministry vow to observe biosafety, sanitary measures

UAF, ministry vow to observe biosafety, sanitary measures

Ministry of National Food Security and Research, and University of Agriculture Faisalabad in order to strictly observe the biosafety, and sanitary and phytosanitary measures, vowed to further strengthen the coordination to arrest the growing pests and ins
Published 31 Dec, 2017 12:00am
LHCBA demands LHC Registrar's transfer

LHCBA demands LHC Registrar's transfer

The Lahore High Court Bar Association (LHCBA) on Saturday asked the Lahore High Court Chief Justice to transfer LHC Registrar Syed Khursheed Anwar Rizvi from the principal seat to any other regional bench. The bar leaders in a letter to the LHC Chief Just
Published 31 Dec, 2017 12:00am
Doctors' negligence claims youth's life

Doctors' negligence claims youth's life

A young boy has lost his life over sheer negligence of the doctors in Bahawalpur on Saturday. According to details, newly-wedded youth Hamid Abbasi of Qasim Town area of Bahawalpur was taken to a clinic as he felt some minor health issue where doctor gave
Published 31 Dec, 2017 12:00am
Minister greets FPCCI's new office-bearers

Minister greets FPCCI's new office-bearers

Federal Minister for Commerce and Textile, Muhammad Pervaiz Malik on Saturday felicitated the newly elected office-bearers of the Federation of Pakistan Chamber of Commerce and Industry and hoped they would play their vital role in accelerating the econom
Published 31 Dec, 2017 12:00am
Hamza for effective cleanliness drive

Hamza for effective cleanliness drive

Pakistan Muslim League-Nawaz (PML-N) leader Hamza Shahbaz Saturday chaired a high level meeting on 'Khadam-e-Punjab Sa'af Deehat Programme' in which exercise of one time cleaning campaign was appreciated. Hamza directed to make this cleanliness campaign m
Published 31 Dec, 2017 12:00am
Five killed in property dispute clash

Five killed in property dispute clash

At least five people including a woman were killed and two others injured in armed clash between two rival groups over property dispute here on Saturday. Police said that armed men of two groups which were in old dispute over ownership of a piece of a lan
Published 31 Dec, 2017 12:00am
3,280 animals distributed among widows

3,280 animals distributed among widows

As many as 3,280 animals are distributing among the deserving widows of the rural areas in the Faisalabad division in next phase through balloting for enabling them to earn their livelihood. In this connection, the distribution programme has been started
Published 31 Dec, 2017 12:00am
One more H1N1 patient dies in Multan

One more H1N1 patient dies in Multan

Another patient of H1N1 (seasonal influenza A) died in Multan on Saturday after which the toll due to the disease climbed to eight. Hospital sources said that a resident of Multan was admitted to Ward No7 of the Nishtar Hospital Multan with chest infectio
Published 31 Dec, 2017 12:00am
LCCI felicitates UBG's victory

LCCI felicitates UBG's victory

Founders Group of the Lahore Chamber of Commerce & Industry has felicitated the United Business Group (UBG) for securing thumping victory in the election of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) - 2017-18.
Published 31 Dec, 2017 12:00am
JI to organise grand 'jirga' for Fata's merger

JI to organise grand 'jirga' for Fata's merger

The provincial chief of Jamaat-e-Islami (JI), Mushtaq Ahmad Khan said that the party will organise a Fata merger grand jirga on Jan 03 in Peshawar, in which he said representatives of various political parties would be participated. He was addressing at a
Published 31 Dec, 2017 12:00am
Christmas celebrated at Pakistan embassy in US

Christmas celebrated at Pakistan embassy in US

"All Neighbours", a community organization comprising mostly of Pakistani origin Christians celebrated Christmas at the Embassy of Pakistan, Washington DC on Friday. President Tom Patrick and Vice President Ilyas Masih of the All Neighbours conveyed thank
Published 31 Dec, 2017 12:00am
Sindh to have 28 industrial waste treatment plants

Sindh to have 28 industrial waste treatment plants

Sindh Chief Minister Syed Murad Ali Shah on Saturday presiding over the meeting on provision of clean drinking water and safe environment to the people of Sindh has decided to install 28 sewerage treatment plants to treat industrial waste in nine differen
Published 31 Dec, 2017 12:00am
Pesco's division in three regions proposed

Pesco's division in three regions proposed

Chairman Board of Directors (BoDs) of the Peshawar Electric Supply Company (Pesco) Nawabzada Arsalan Khan Hoti has said that the proposal has presented to divide Peshawar Electric Supply Company (Pesco) in to three regions in order to facilitate consumers
Published 31 Dec, 2017 12:00am
IIUI, WML agree to promote education

IIUI, WML agree to promote education

Launching ceremony of scholarships by World Muslim League (WML) for the students of International Islamic University Islamabad was held at the Faisal Masjid campus of the university. Dr Abdu Mohammad Atain, Regional Director World Muslim League, Ahmed Kai
Published 31 Dec, 2017 12:00am
'75 percent attendance mandatory for boards exams'

'75 percent attendance mandatory for boards exams'

In a recent decision made by Higher Education Minister, Syed Raza Ali Gillani, it is mandatory for students to maintain a minimum of 75 percent attendance to appear for board and university examinations. "Enforcing mandatory attendance will improve overal
Published 31 Dec, 2017 12:00am
Crimes rate up in Islamabad

Crimes rate up in Islamabad

The federal capital witnessed an increase in incidents of house robberies and street crimes during the last week, as over 16 cases of thefts, burglary and snatching at gunpoint were reported to various police stations of the city. According to data gather
Published 31 Dec, 2017 12:00am
Over 50 Pakistanis martyred, 257 hurt in LoC violations in 2017

Over 50 Pakistanis martyred, 257 hurt in LoC violations in 2017

According to a report, over 50 Pakistanis were martyred and hundreds wounded in cross border ceasefire violations across Line of Control (LoC) by Indian forces in 2017. Reportedly, Indian troops resorted to unprovoked fire at LoC in Azad Kashmir at least
Published 31 Dec, 2017 12:00am
Housing scheme: Khattak directs for settling issues

Housing scheme: Khattak directs for settling issues

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed for settling down the issues of Jalozai Housing scheme and Jalozai Economic Zone for expeditious facilitation of housing and industrial facilities. He directed to formalize all agreements with
Published 31 Dec, 2017 12:00am
Prices of essential kitchen items, fruits decline

Prices of essential kitchen items, fruits decline

Prices of essential kitchen items and fruits registered reduction during this week past against the preceding week, a survey conducted by Business Recorder revealed, here on Saturday. The survey observed that prices of the most of the vegetables, c
Published 31 Dec, 2017 12:00am
Erdogan to visit France amid tensions with EU

Erdogan to visit France amid tensions with EU

Turkish President Recep Tayyip Erdogan announced on Saturday that he will travel to France to discuss bilateral relations with counterpart Emmanuel Macron, after a year of particularly strained ties between the European Union and Turkey.
Published 31 Dec, 2017 12:00am
Regime forces advance against jihadists in northwest Syria

Regime forces advance against jihadists in northwest Syria

Syrian regime forces advanced against jihadists Saturday on the edge of the northwestern province of Idlib, the last outside government control, a monitor and the state news agency said. Government and allied forces backed by Russian warplanes have since
Published 31 Dec, 2017 12:00am
Schaeuble does not rule out minority government for Germany

Schaeuble does not rule out minority government for Germany

Former German Finance Minister Wolfgang Schaeuble on Saturday urged quick formation of a new government by Chancellor Angela Merkel's conservatives and Social Democrats, but said he could not rule out a minority government if no deal is reached. Germany's
Published 31 Dec, 2017 12:00am
US crime novelist Sue Grafton dies

US crime novelist Sue Grafton dies

Crime novelist Sue Grafton, whose Kinsey Millhone Alphabet series became world-wide best sellers, has died after a two-year battle with cancer, her daughter said on Friday. Grafton, 77, died in Santa Barbara, California, on Thursday surrounded by her fami
Published 31 Dec, 2017 12:00am
Slovenia assumes control of disputed bay

Slovenia assumes control of disputed bay

Slovenia reported on Saturday no major incidents as it began exercising sovereignty over most of a disputed bay following an international arbitration ruling that fellow EU member Croatia rejects. The Permanent Court of Arbitration in The Hague in June al
Published 31 Dec, 2017 12:00am
Zambia deploys army to battle cholera after 41 deaths

Zambia deploys army to battle cholera after 41 deaths

Zambia's president Edgar Lungu has deployed the army to help combat a cholera outbreak that has claimed 41 lives in the capital Lusaka and affected 1,550 more since September. The initial outbreak began on September 28 according to the World Health Organi
Published 31 Dec, 2017 12:00am
Turkish 'coup' officer granted asylum in Greece

Turkish 'coup' officer granted asylum in Greece

The co-pilot of a helicopter, who flew seven other Turkish military officers to Greece a day after last year's failed coup in Turkey, has been granted asylum, a Greek judicial source said on Saturday. The co-pilot landed in the Greek city of Alexandroupol
Published 31 Dec, 2017 12:00am
Sudan imposes state of emergency in two states

Sudan imposes state of emergency in two states

Sudan's president on Saturday announced a state of emergency in two states in the centre and east of the country, the official news agency said. President Omar al-Bashir issued a decree to install the state of emergency in North Kordofan and Kasala for si
Published 31 Dec, 2017 12:00am
Putin calls for 'pragmatic cooperation' in New Year wishes to Trump

Putin calls for 'pragmatic cooperation' in New Year wishes to Trump

Russian President Vladimir Putin called for "pragmatic cooperation" in his New Year wishes to US President Donald Trump, the Kremlin said on Saturday. In a statement on the Russian president's New Year wishes to world leaders, the Kremlin said Putin told
Published 31 Dec, 2017 12:00am
Nepal bans solo climbers from Everest

Nepal bans solo climbers from Everest

Nepal has banned solo climbers from scaling its mountains, including Mount Everest, in a bid to reduce accidents, an official said Saturday. The cabinet late Thursday endorsed a revision to the Himalayan nation's mountaineering regulations, banning solo c
Published 31 Dec, 2017 12:00am
US military to accept transgender recruits on Monday: Pentagon

US military to accept transgender recruits on Monday: Pentagon

Transgender people will be allowed for the first time to enlist in the US military starting on Monday as ordered by federal courts, the Pentagon said on Friday, after President Donald Trump's administration decided not to appeal rulings that blocked his t
Published 31 Dec, 2017 12:00am
Venezuela oil-backed cryptocurrency to launch in days
Currency

Venezuela oil-backed cryptocurrency to launch in days

Venezuela's cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis, the socialist government said on Thursday. President Nicolas Maduro surprised many earlier this
Published 31 Dec, 2017 12:00am
Speculators cut net short dollar bets to lowest since November

Speculators cut net short dollar bets to lowest since November

Speculators reduced their net short US dollar bets earlier this week to their lowest level since mid-November, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar positio
Published 31 Dec, 2017 12:00am
Norway keeps crown purchases at NOK 900 million
Exchange

Norway keeps crown purchases at NOK 900 million

Norway's central bank will keep its daily sale of foreign currency unchanged at 900 million Norwegian crowns in January, it said on Friday. The level was raised in December to 900 million per day from 650 million per day in November, although trades were
Published 31 Dec, 2017 12:00am
Ukrainian hryvnia weakens
Currency

Ukrainian hryvnia weakens

The Ukrainian hryvnia weakened to 28 to the US dollar for the first time since February 2015, central bank data showed on Thursday. The central bank has recently said the hryvnia's volatility is due to seasonal factors, citing a higher coal and gas import
Published 31 Dec, 2017 12:00am
Dollar falls to end worst year since 2003, bitcoin soars
Exchange

Dollar falls to end worst year since 2003, bitcoin soars

The dollar fell to its lowest in over three months against a basket of major currencies on Friday, marking its steepest annual drop since 2003, on doubts over durability of a pickup in US economic growth in wake of last week's tax overhaul.
Published 31 Dec, 2017 12:00am
Canadian dollar near flat
Exchange

Canadian dollar near flat

The Canadian dollar was little changed against the greenback on Friday as data showed bullish bets on the currency have been slashed, but the loonie posted a two-month high earlier in the session and scored its biggest yearly advance since 2009.
Published 31 Dec, 2017 12:00am
Zloty, top performer of 2017, ends year firming
Currency

Zloty, top performer of 2017, ends year firming

The zloty hit a seven-month high against the euro and a three-year high versus the dollar on Friday, extending a rally that had made it the world's best performing currency in 2017 along with the Czech crown. Robust growth has made assets in the European
Published 31 Dec, 2017 12:00am
Trump wants Postal Service to charge 'much more' for Amazon shipments

Trump wants Postal Service to charge 'much more' for Amazon shipments

President Donald Trump called on the US Postal Service on Friday to charge "much more" to ship packages for Amazon, picking another fight with the online retail giant he has criticized in the past. "Why is the United States Post Office, which is losing ma
Published 31 Dec, 2017 12:00am
Man dies after Melbourne car attack

Man dies after Melbourne car attack

An elderly man has died after being mowed down during a car rampage in Melbourne last week, police said Saturday, with one of 18 attempted murder charges expected to be upgraded to murder. Afghan-Australian Saeed Noori, who has a history of drug abuse and
Published 31 Dec, 2017 12:00am
Around 6,000 Swiss VW owners seek damages in emissions scandal

Around 6,000 Swiss VW owners seek damages in emissions scandal

Swiss consumer protection organisation SKS has filed a claim on behalf of some 6,000 car owners seeking damages from Volkswagen AG and Swiss car dealer AMAG related to the "Dieselgate" emissions scandal. The claim has been lodged with the Zurich commercia
Published 31 Dec, 2017 12:00am
Bank of India says gets $354 million capital from government
Exchange

Bank of India says gets $354 million capital from government

State-run Bank of India, the country's sixth biggest lender by assets, said on Saturday it received 22.57 billion rupees ($353.6 million) from the government, joining other lenders in which the government is injecting funds to shore up their capital base.
Published 31 Dec, 2017 12:00am
Bank of India says gets $354 million capital from government
Exchange

Bank of India says gets $354 million capital from government

State-run Bank of India, the country's sixth biggest lender by assets, said on Saturday it received 22.57 billion rupees ($353.6 million) from the government, joining other lenders in which the government is injecting funds to shore up their capital base.
Published 31 Dec, 2017 12:00am
German union steps up fight for 'modern' 28-hour week

German union steps up fight for 'modern' 28-hour week

Germany's largest union is bracing for a combative start to the new year as it presses demands for a 28-hour working week, warning employers to expect mass strikes in the battle for a better work-life balance.
Published 31 Dec, 2017 12:00am
Saudi Aramco shipyard joint venture appoints CEO

Saudi Aramco shipyard joint venture appoints CEO

Saudi Aramco and its partners have appointed Fathi K. Al-Saleem as chief executive of a joint venture to build a shipyard on the kingdom's east coast, part of the Saudi Arabian government's drive to diversify the economy beyond oil.
Published 31 Dec, 2017 12:00am
Bombardier wins an order from EgyptAir for 12 CS300 planes

Bombardier wins an order from EgyptAir for 12 CS300 planes

Canadian aircraft manufacturer Bombardier on Friday announced the sale of 12 C Series aircraft to EgyptAir in a deal worth $1.1 billion. The company said it signed a letter of intent last month for the sale of the 160-seat CS300 planes, with an option for
Published 31 Dec, 2017 12:00am
Russia's Rosneft, in U-turn, plans to bid for Alrosa's gas assets

Russia's Rosneft, in U-turn, plans to bid for Alrosa's gas assets

Russia's top oil producer Rosneft said it had asked the country's competition watchdog for permission to bid for gas fields put up for sale by diamond miner Alrosa, a day after saying it was unlikely to take part in the auction.
Published 31 Dec, 2017 12:00am
Infineon not vulnerable to takeover: CEO

Infineon not vulnerable to takeover: CEO

German chipmaker Infineon does not see itself as vulnerable to a takeover despite mega-mergers in the sector led by Broadcom's $103 billion offer for Qualcomm, its chief executive told Germany's Boersen-Zeitung.
Published 31 Dec, 2017 12:00am
Wall Street quiet on last trading day of a strong year
Exchange

Wall Street quiet on last trading day of a strong year

There were no fireworks on Wall Street for the last trading day of the year, as US stocks closed out their best year since 2013 on a down note, with losses in technology and financial stocks keeping equities in negative territory for the session.
Published 31 Dec, 2017 12:00am
Biggest withdrawal in four months hits US domestic stock funds

Biggest withdrawal in four months hits US domestic stock funds

US fund investors walloped domestic equities with the most selling in four months, using the proceeds to buy cheaper stocks abroad that could thrive in a global economic expansion, Investment Company Institute (ICI) data showed on Wednesday.
Published 31 Dec, 2017 12:00am
Biggest withdrawal in four months hits US domestic stock funds

Biggest withdrawal in four months hits US domestic stock funds

US fund investors walloped domestic equities with the most selling in four months, using the proceeds to buy cheaper stocks abroad that could thrive in a global economic expansion, Investment Company Institute (ICI) data showed on Wednesday.
Published 31 Dec, 2017 12:00am
Can US stocks in 2018 repeat the huge gains of 2017?

Can US stocks in 2018 repeat the huge gains of 2017?

After a banner year for US stocks, that saw the Dow hitting repeated records, Wall Street strategists predicted 2018 would see more moderate gains and increased volatility as markets retreated in the final session of 2017 on Friday. A late sell-off pushed
Published 31 Dec, 2017 12:00am
London Stock Exchange's company floats hit three-year high
Exchange

London Stock Exchange's company floats hit three-year high

The London Stock Exchange raised 15 billion pounds ($20.28 billion) from 106 initial public offerings (IPOs) in 2017, a 63 percent increase compared to last year and the highest level for three years. Money raised from the exchange's listings was up 164 p
Published 31 Dec, 2017 12:00am
Treasuries outlook: prices end year stronger, busy data week ahead

Treasuries outlook: prices end year stronger, busy data week ahead

Year-end demand helped US Treasuries prices end the year stronger on Friday, before a heavy week of data, though volumes were light before Monday's New Year's Day holiday. Treasuries are typically in demand at the end of the month, quarter and year as inv
Published 31 Dec, 2017 12:00am
Treasuries outlook: prices end year stronger, busy data week ahead

Treasuries outlook: prices end year stronger, busy data week ahead

Year-end demand helped US Treasuries prices end the year stronger on Friday, before a heavy week of data, though volumes were light before Monday's New Year's Day holiday. Treasuries are typically in demand at the end of the month, quarter and year as inv
Published 31 Dec, 2017 12:00am
China launches full convertibility for HK-listed China firms
Exchange

China launches full convertibility for HK-listed China firms

China's securities regulator said on Friday it would launch a pilot scheme that allows mainland-incorporated companies listed in Hong Kong to convert their non-tradable equity into free-floating shares. The China Securities Regulatory Commission (CSRC) to
Published 31 Dec, 2017 12:00am
TSX slips on last day of year; gains 6 percent in 2017
Exchange

TSX slips on last day of year; gains 6 percent in 2017

Canada's main stock index slipped on the last trading day of 2017 as some energy and mining stocks pulled back, but the index notched a 6 percent gain for the year, underperforming the three main US indexes as its large energy component dragged.
Published 31 Dec, 2017 12:00am
China local government bond issuance falls

China local government bond issuance falls

Bond issuance by China's local governments fell nearly 30 percent in 2017 from the previous year as Beijing stepped up its deleveraging campaign and punished reckless borrowing. Local municipalities have raised roughly 4.34 trillion yuan ($662.90 billion)
Published 31 Dec, 2017 12:00am
China local government bond issuance falls

China local government bond issuance falls

Bond issuance by China's local governments fell nearly 30 percent in 2017 from the previous year as Beijing stepped up its deleveraging campaign and punished reckless borrowing. Local municipalities have raised roughly 4.34 trillion yuan ($662.90 billion)
Published 31 Dec, 2017 12:00am
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