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Archive - 2018-02-14
Nawaz selling it well
Miscellaneous

Nawaz selling it well

NA 154 was for PTI (almost), what NA 207 is for PPP or NA 120 for PML-N. Not anymore. The by-election results from NA 15
Published 14 Feb, 2018 06:20am
Fiscal limitations
Pharmaceuticals

Fiscal limitations

The current account deficit is getting out of hand. Yet, the debate continues on how to create external financing to fun
Published 14 Feb, 2018 06:17am
Supreme Court observes minimum Rs 8000 for bank pensioners

Supreme Court observes minimum Rs 8000 for bank pensioners

The Supreme Court observed on Tuesday that it will fix minimum rate of pension as Rs 8,000 with annual increase of five percent for bank's pensioners. A three-member bench led by Chief Justice Mian Saqib Nisar said this while deciding a suo motu notice fo
Published 14 Feb, 2018 12:00am
Multan Literary Festival to be held next week

Multan Literary Festival to be held next week

The second Multan Literary Festival would be organized on Feb 21-22, 2018 at different venues of Multan, including BZU, University Education and Multan Tea House and other places in the historic city. The Organisers explaining the objectives of the festiv
Published 14 Feb, 2018 12:00am
Pakistan wishes to have good ties with US, neighbours: Sadiq

Pakistan wishes to have good ties with US, neighbours: Sadiq

Speaker National Assembly, Sardar Ayaz Sadiq has said that Pakistan wishes good relations with the US and neighbouring countries on the basis of mutual respect and equality. He said Afghanistan is a neighbour and peaceful Afghanistan is in favour of Pakis
Published 14 Feb, 2018 12:00am
Abbasi meets AJK PM

Abbasi meets AJK PM

Prime Minister Shahid Khaqan Abbasi Tuesday met Prime Minister AJ&K Raja Farooq Haider Khan and his team including Chief Secretary AJK and other senior functionaries at the Prime Minister's Office, says a press release. The meeting was attended by Ministe
Published 14 Feb, 2018 12:00am
25 million children still out-of-school across country, PAC informed

25 million children still out-of-school across country, PAC informed

The Public Accounts Committee (PAC) was informed on Monday by the secretary for Ministry of Federal Education that as many as 25 million children in the country are still out of school. The PAC meeting was held here under the chairmanship of Syed Khurshee
Published 14 Feb, 2018 12:00am
JI to launch no-trust drive against Karachi mayor

JI to launch no-trust drive against Karachi mayor

The Jamaat-e-Islami, Karachi chapter, has announced to launch a 'no-confidence' campaign against the incumbent city mayor. "The JI will begin a no-confidence campaign against the local bodies' leadership, which has done nothing for the city's development,
Published 14 Feb, 2018 12:00am
Public-private partnership projects to help create jobs

Public-private partnership projects to help create jobs

The speakers at a dialogue here on Tuesday emphasized on a strong partnership between public and private sector in order to bring more job opportunities in the field of technical and vocational education and training in Khyber Pakhtunkhwa.
Published 14 Feb, 2018 12:00am
LHC asks CTO to present licence policy on March 12

LHC asks CTO to present licence policy on March 12

The Lahore High Court on Tuesday directed the Chief Traffic Officer (CTO) to present licensing policy on March 12 in a petition of a deaf student against denial of driving license to him. The petitioner Muhammad Haider through Mian Ismatullah advocate con
Published 14 Feb, 2018 12:00am
Civil, criminal cases: LHC directs to destroy unnecessary record

Civil, criminal cases: LHC directs to destroy unnecessary record

The Lahore High Court has directed the district judiciary to destruct all un-necessary record of both civil and criminal cases. The Directorate of District Judiciary of the LHC issued a directive to all district & sessions judges on behalf of Chief Justic
Published 14 Feb, 2018 12:00am
Wasim Akhtar's efforts go in vain

Wasim Akhtar's efforts go in vain

A broadening division in MQM-P has finally brought the civic representatives in disarray with the mayor, as Wasim Akhtar yelled after a majority of committees chairmen shunned attending a meeting he called at the KMC sports complex on Tuesday. The angry m
Published 14 Feb, 2018 12:00am
18 percent population of Faisalabad suffer from asthma: study

18 percent population of Faisalabad suffer from asthma: study

At least 18 percent people in Faisalabad are suffering from Asthma which is 7th leading cause of deaths in the world. This was disclosed in a study conducted by medical students of the University Medical & Dental College (UMDC) Faisalabad under the superv
Published 14 Feb, 2018 12:00am
Diplomats urged businessmen to focus on diversifying exports
Exchange

Diplomats urged businessmen to focus on diversifying exports

Karachi-based diplomats have advised the business community and industrialists to focus on diversifying their exports as staying confined mostly to textile exports would not yield the desired results. They also underscored the need to improve the percepti
Published 14 Feb, 2018 12:00am
Chinese Consulate donates ambulance to Aman Foundation

Chinese Consulate donates ambulance to Aman Foundation

Chinese Consulate, as part of its social responsibility initiatives has partnered with the Aman Foundation to support their life-saving Ambulance program. The partnership was announced at the launch of a woman empowerment event here at Aman Foundation hea
Published 14 Feb, 2018 12:00am
PPL donates Rs 9.02 million for LDH's OT equipment

PPL donates Rs 9.02 million for LDH's OT equipment

Pakistan Petroleum Limited (PPL) donated Rs 9.02 million to Lady Dufferin Hospital (LDH), Karachi for purchasing equipment for its operation theatre. The Managing Director (MD) and Chief Executive Officer (CEO) of PPL Syed Wamiq Bokhari presented the dona
Published 14 Feb, 2018 12:00am
US Consul General pays farewell call on Murad
Exchange

US Consul General pays farewell call on Murad

Outgoing Consul General of United States (US) Ms Grace Shelton Tuesday paid farewell call on the Sindh Chief Minister Syed Murad Ali Shah. During the meeting US Consul General and Murad Ali Shah exchanged views on issues of bilateral interests and Pak-US
Published 14 Feb, 2018 12:00am
Trading in Matco Foods begins at PSX
Exchange

Trading in Matco Foods begins at PSX

The formal trading of shares of newly listed Matco Foods Limited, one of Pakistan's largest Basmati rice exporting company, started on Pakistan Stock Exchange (PSX) Tuesday. A special ceremony was held at the main trading hall of the PSX. Matco Foods Chai
Published 14 Feb, 2018 12:00am
Trading in Matco Foods begins at PSX
Exchange

Trading in Matco Foods begins at PSX

The formal trading of shares of newly listed Matco Foods Limited, one of Pakistan's largest Basmati rice exporting company, started on Pakistan Stock Exchange (PSX) Tuesday. A special ceremony was held at the main trading hall of the PSX. Matco Foods Chai
Published 14 Feb, 2018 12:00am
Second International Watercolour Biennial today

Second International Watercolour Biennial today

The 2nd Intentional Watercolour Biennial "Pearls of Peace Season-II" will start on Wednesday (today) at Centre of Excellence in Art & Design (CEAD), Mehran University of Engineering & Technology (MUET), Jamshoro, which is organized by CEAD, MUET, Jamshoro
Published 14 Feb, 2018 12:00am
Hepatitis B & C on the rise in Karachi, Thatta: Dr Hashmani

Hepatitis B & C on the rise in Karachi, Thatta: Dr Hashmani

More than 80 percent patients hailing from city and outskirts of Thatta are found positive for hepatitis B and C during screening in two-day free medical camp there. A medical and surgical camp was organized on Saturday and Sunday at Qadir Bux Bhutto Trus
Published 14 Feb, 2018 12:00am
Police rules: SHC asks Chief Secretary to submit report by February 20

Police rules: SHC asks Chief Secretary to submit report by February 20

Sindh High Court on Tuesday directed the Chief Secretary Sindh Rizwan Memon to submit a detailed reply by February 20 in contempt of court case over lack of implementation on police rules. The hearing for the contempt of court case against Chief Minister
Published 14 Feb, 2018 12:00am
Officials urged to ensure ban on polythene bags

Officials urged to ensure ban on polythene bags

The Punjab Environment Minister Begum Zakia Shahnawaz has directed the officers to strictly ensure ban on production of black shopping bags and plastic bags having thickness less than 15 micron. She was presiding over a departmental meeting here, she also
Published 14 Feb, 2018 12:00am
Customs value of sauces and ketchup revised
Exchange

Customs value of sauces and ketchup revised

The Directorate General Customs Valuation (DGCV) has revised the customs values of different sauces and tomato ketchup. According to details, the customs values of different sauces and tomato ketchup were earlier determined through valuation ruling 1215 i
Published 14 Feb, 2018 12:00am
PBIF chief for early implementation of TPS

PBIF chief for early implementation of TPS

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain urged the government to take immediate measures for the implementation of Trade Preferential System (TPS) for forming an economically strong and prosper Islamic block in the
Published 14 Feb, 2018 12:00am
Salman Mujahid booked for pointing gun at PTI worker

Salman Mujahid booked for pointing gun at PTI worker

An FIR was registered against Muttahida Quami Movement-Pakistan (MQM-P) leader Salman Mujahid Baloch for pointing gun at PTI worker Ahsan Alvi over a small issue in Defence area of Karachi. Ahsan Alvi informed that he was passing from a narrow street in D
Published 14 Feb, 2018 12:00am
Uplift projects must be completed as per schedule: minister

Uplift projects must be completed as per schedule: minister

Provincial Minister Primary and Secondary Health Khawaja Imran Nazir, while reviewing the headway of ongoing and new schemes under Annual Development Programme 2017-18, said that well-timed accomplishment of development projects is the topmost primacy of
Published 14 Feb, 2018 12:00am
LWMC, FWO sign accord for cleanliness services

LWMC, FWO sign accord for cleanliness services

The Lahore Waste Management Company (LWMC) and Frontier Works Organization (FWO) have signed an agreement for providing cleanliness services at Southern loop of Lahore Ring Road. A ceremony was organized at the LWMC head office wherein LWMC MD Bilal Musta
Published 14 Feb, 2018 12:00am
Industrialists seek advance information on power cuts
Exchange

Industrialists seek advance information on power cuts

Industrialists have sought advanced information from the Lahore Electric Supply Company (LESCO) for power shut down being carried out due to ongoing development work in the city. A delegation of Ferozepur Road Welfare Industrial Association, led by Mian A
Published 14 Feb, 2018 12:00am
Pakistan seeks greater market access to Canada: minister

Pakistan seeks greater market access to Canada: minister

"Due to its prudent economic polices, Pakistan has laid the foundation of sustained economic growth and macroeconomic stability. It offers attractive trade and investment opportunities to Canadian investors and on reciprocal basis, seek greater market acc
Published 14 Feb, 2018 12:00am
KP to take up tax-related issues with FBR

KP to take up tax-related issues with FBR

Khyber Pakhtunkhwa government has adopted a coherent policy to mutually take up tax-related issues with Federal Board of Revenue and other relevant bodies at centre in order to broaden the existing tax base in the province. Speaking at a news conference a
Published 14 Feb, 2018 12:00am
Solar power panels for KP's primary schools

Solar power panels for KP's primary schools

An agreement to provide solar panels for schools in Khyber Pakhtunkhwa was announced on Tuesday by the UK's Department for International Development (DFID) and the Saudi Fund for Development (SFD). The agreement, which will provide energy for primary scho
Published 14 Feb, 2018 12:00am
Bilawal urges US, Nato to admit failures in Afghanistan

Bilawal urges US, Nato to admit failures in Afghanistan

Pakistan Peoples Party Chairman Bilawal Bhutto Zardari said that they wanted good relations with all countries especially with the neighbors and no one should expect Pakistan to severe ties with China and Iran. He was giving an interview to Russian media
Published 14 Feb, 2018 12:00am
ACCA delegation meets Rana Afzal

ACCA delegation meets Rana Afzal

A three-member delegation of Association of Certified Chartered Accountants (ACCA) Pakistan, led by Sajjeed Aslam, called on the Minister of State for Finance Rana Muhammad Afzal Khan here on Tuesday. He was accompanied by Assad Hameed Khan and Haroon A.
Published 14 Feb, 2018 12:00am
Prime Minister thanked for approving cost of Bannu airport's upgradation

Prime Minister thanked for approving cost of Bannu airport's upgradation

Federal Minister for Housing and Works, Akram Khan Durrani has thanked the Prime Minister Shahid Khaqan Abbasi for approval of Rs 715 million for the up-gradation of Bannu Airport project. The CDWP approved to release Rs 715 million for up-gradation and e
Published 14 Feb, 2018 12:00am
Senate body suggests shortlisting of candidates prior to CSS exams

Senate body suggests shortlisting of candidates prior to CSS exams

A parliamentary panel on Tuesday recommended that candidates appearing in the competitive examinations should go through a screening test first with a view to reduce the number of contenders in final process. The meeting of Senate Special Committee to exa
Published 14 Feb, 2018 12:00am
Mari Petroleum, KUFPEC sign MoU on strategic cooperation
Exchange

Mari Petroleum, KUFPEC sign MoU on strategic cooperation

Mari Petroleum Company Limited (MPCL) and Kuwait Foreign Petroleum Exploration Company (KUFPEC) Tuesday announced a strategic cooperation initiative for evaluating future potential business opportunities in local and international upstream exploration and
Published 14 Feb, 2018 12:00am
Accounts, investments: FBR revises SOP for AEoI Zones
Exchange

Accounts, investments: FBR revises SOP for AEoI Zones

The Federal Board of Revenue (FBR) has empowered Commissioners Automatic Exchange of Information (AEOI) Zones to seek details of financial accounts and sources of investments, etc, of reported persons under Multilateral Competent Authority Agreements with
Published 14 Feb, 2018 12:00am
First anniversary: glowing tributes paid to martyred police officials

First anniversary: glowing tributes paid to martyred police officials

The Punjab police on Tuesday arranged several ceremonies to commemorate sacrifices of its officials who lost their life in the line of duty, especially the first anniversary of martyred Deputy Inspector General of Traffic Syed Ahmed Mubeen and SSP Operati
Published 14 Feb, 2018 12:00am
FAPUASA voices concern over VC's appointment criteria

FAPUASA voices concern over VC's appointment criteria

The Federation of All Pakistan Universities Academic Staff Association has submitted reservations and suggestions on controversial eligibility criteria regarding appointment of vice chancellors at public sector universities to Higher Education Department.
Published 14 Feb, 2018 12:00am
Two-day Zameen Expo 2018 attracts thousands of investors

Two-day Zameen Expo 2018 attracts thousands of investors

Zameen Expo 2018 Lahore welcomed thousands of visitors during its two days at the International Expo Center Lahore. Federal Minister for Railways Khawaja Saad Rafique inaugurated the second day of the event as the Chief Guest. Acting President of Lahore C
Published 14 Feb, 2018 12:00am
Peace restored due to sacrifices of martyrs: Shahbaz

Peace restored due to sacrifices of martyrs: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that martyrs are our heroes and peace has been restored in the country due to their great sacrifices. In his message on the first death anniversary of martyrs of Chairing Cross blast, Shahbaz said that martyrd
Published 14 Feb, 2018 12:00am
APCNGA lauds Prime Minister for revolutionizing energy sector

APCNGA lauds Prime Minister for revolutionizing energy sector

All Pakistan CNG Association has said that Prime Minister Shahid Khaqan Abbasi has revolutionized the energy sector which will bring an end to the scarcity of electricity and gas ushering a new era of national and industrial development. In a statement ce
Published 14 Feb, 2018 12:00am
PSQCA launches crackdown

PSQCA launches crackdown

Pakistan Standards & Quality Control Authority (PSQCA) has launched a crackdown against unlicensed and sub-standard bottled water manufacturers in Faisalabad. During surprise raids here today, three units have been sealed for indefinite period.
Published 14 Feb, 2018 12:00am
Punjab's all resources for talented youth: minister

Punjab's all resources for talented youth: minister

Punjab Minister for Sports and Youth Affairs Jahangir Khanzada has said that the Punjab government is utilizing all resources for the bright future of talented youth of the province. "Potential youth is the real future of Pakistan and we will go to every
Published 14 Feb, 2018 12:00am
UK traders evince interest in several projects

UK traders evince interest in several projects

The UK government is determined and strongly desires to see more developed economic and trade ties with Pakistan, UK Prime Minister's Trade Envoy to Pakistan said while meeting with senior government officials in Lahore. Abdul Rehman Chishti, UK's Trade E
Published 14 Feb, 2018 12:00am
Vast scope exists for cooperation with Thailand: LCCI

Vast scope exists for cooperation with Thailand: LCCI

There is a vast scope of collaboration between Pakistan and Thailand in agriculture and hospitality industry as Pakistan is an agrarian country while Thailand's agriculture sector has registered robust growth and contributed heavily in exports. This was s
Published 14 Feb, 2018 12:00am
Naheed Akhtar gets Rs 10 million cheque from Punjab government

Naheed Akhtar gets Rs 10 million cheque from Punjab government

A cheque amounting to Rs 10 million from the Punjab government was handed over to singer Naheed Akhtar on Tuesday in recognition of her services rendered in the field of singing. Spokesman of Punjab government Malik Muhammad Ahmad Khan while representing
Published 14 Feb, 2018 12:00am
Matco Foods Limited
Exchange

Matco Foods Limited

Matco Foods Limited (MATCO) was founded by Syed Sarfaraz Ali Ghori in 1964 and was initially a supplier of Rice husking and polishing plants, grain dryers, grain handling, seed cleaning and grading plants to various companies and the Government of Pakista
Published 14 Feb, 2018 12:00am
Matco Foods Limited
Exchange

Matco Foods Limited

Matco Foods Limited (MATCO) was founded by Syed Sarfaraz Ali Ghori in 1964 and was initially a supplier of Rice husking and polishing plants, grain dryers, grain handling, seed cleaning and grading plants to various companies and the Government of Pakista
Published 14 Feb, 2018 12:00am
SNGPL's regional sub-offices planned

SNGPL's regional sub-offices planned

Sui Northern Gas Pipelines Limited (SNGPL) would establish regional sub-offices in the areas of over 25,000 natural gas consumers, Parliamentary Secretary for Petroleum and Natural Resources Shahzadi Umerzadi Tiwana told the National Assembly on Tuesday.
Published 14 Feb, 2018 12:00am
Five die in rain-related incidents in KP

Five die in rain-related incidents in KP

At least five people died and three injured when roofs of three houses collapsed due to rain in different areas of Khyber Pakhtunkhwa, Provincial Disaster Management Authority (PDMA) said. According to PDMA, two persons died and one injured in Peshawar Ca
Published 14 Feb, 2018 12:00am
Only job opportunities to help check brain drain: LCCI

Only job opportunities to help check brain drain: LCCI

Pakistan would have to create maximum job opportunities to overcome the issues of brain drain and unemployment, the LCCI acting President Khawaja Khawar Rashid and Vice President Zeshan Khalil, said. They said that Pakistan can overcome unemployment throu
Published 14 Feb, 2018 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

Gold prices rose on Tuesday as the US dollar slipped and markets anticipated the release of impending US inflation data that may offer some clues on the pace of future US interest rate increases. The dollar dropped against a basket of major world currenci
Published 14 Feb, 2018 12:00am
US MIDDAY: soyabeans rise

US MIDDAY: soyabeans rise

US soyabean futures rose to a 10-week high on Tuesday, lifted by a surging soyameal market as dry weather in Argentina threatened to reduce crop yields from that key South American supplier, traders said. Wheat futures were close to unchanged as a rally f
Published 14 Feb, 2018 12:00am
Gold rises in Europe
Currency

Gold rises in Europe

Gold rose for a second day on Tuesday as the dollar slipped in the face of a recovery in global equities, which dampened appetite for the US currency as a safe store of value. A retreat in the dollar, in which the precious metal is priced, has helped gold
Published 14 Feb, 2018 12:00am
Gold gains in Asia
Exchange

Gold gains in Asia

Gold prices hit a near one-week high on Tuesday, helped by a weaker dollar and as investors awaited US inflation data for clues on the pace of interest rate hikes. Spot gold was up 0.4 percent at $1,327.81 an ounce, as of 0731 GMT. Earlier, it hit the hig
Published 14 Feb, 2018 12:00am
Gold moves higher in New York

Gold moves higher in New York

Gold prices rose on Monday as the dollar eased, but gains are expected to be muted ahead of inflation data from the United States later this week that could mean US interest rates rise faster than expected. Spot gold was up 0.5 percent at $1,323.16 an oun
Published 14 Feb, 2018 12:00am
Sugar prices slip, weak dollar boosts New York cocoa

Sugar prices slip, weak dollar boosts New York cocoa

Raw sugar futures fell on Tuesday, with the focus returning to expectations for plentiful global supplies after a short-covering rally, while a softer dollar boosted New York cocoa prices. May raw sugar settled down 0.17 cent, or 1.3 percent, at 13.44 cen
Published 14 Feb, 2018 12:00am
Malaysian palm oil down
Vegetable Oil

Malaysian palm oil down

Malaysian palm oil futures on Tuesday snapped four days of gains, as the market corrected lower after a rally ahead of the Lunar New Year holidays, traders said. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange
Published 14 Feb, 2018 12:00am
Rubber steadies
Exchange

Rubber steadies

Benchmark Tokyo rubber futures pared early gains to end steady on Tuesday, as a stronger yen against the US dollar and lingering worries about oversupply in Asia weighed on market sentiment. The Tokyo Commodity Exchange (TOCOM) rubber contract for July de
Published 14 Feb, 2018 12:00am
Oil prices flat, all eyes on US production data

Oil prices flat, all eyes on US production data

Oil prices were flat on Tuesday, bouncing back from an early slide as the dollar fell to a one-week low, which encouraged buying of dollar-denominated crude at session lows. Global benchmark Brent futures hit a two-month low early, but by 2:02 pm EST (190
Published 14 Feb, 2018 12:00am
Louisiana port runs tests with supertanker for US crude exports

Louisiana port runs tests with supertanker for US crude exports

The Louisiana Offshore Oil Port (LOOP), the largest privately owned crude terminal in the United States, said on Tuesday it had started to test loading and unloading of a supertanker, bringing it closer to being able to export crude oil. LOOP said last ye
Published 14 Feb, 2018 12:00am
Supply angst fuels tin's climb towards January's one-year high
Exchange

Supply angst fuels tin's climb towards January's one-year high

Tin prices rose towards recent one-year peaks on Tuesday, boosted by worries about tighter supplies after data showed falling exports from Indonesia and a weaker dollar, which lifted all base metals on the London Metal Exchange. Benchmark tin on the Londo
Published 14 Feb, 2018 12:00am
Shanghai copper rises
Exchange

Shanghai copper rises

The most-traded April copper contract on the ShFE rose for the first time in three days, closing up 1.5 percent at 52,140 yuan ($8,230.47) a tonne on Tuesday, helped by a weaker dollar tracking a broad recovery in global equities. Traders were looking to
Published 14 Feb, 2018 12:00am
US intel chiefs say Russia meddling threatens 2018 vote

US intel chiefs say Russia meddling threatens 2018 vote

US intelligence chiefs said Tuesday that Russian attempts to meddle in US politics are continuing unabated - and pose a threat to mid-term congressional elections in November. They also said North Korea's nuclear program poses a potential "existential thr
Published 14 Feb, 2018 12:00am
Tillerson calls on allies to focus on fighting IS

Tillerson calls on allies to focus on fighting IS

US Secretary of State Rex Tillerson urged allies Tuesday to stay focused on fighting the Islamic State group, saying Turkey's military offensive in northern Syria had "detracted" from the anti-jihadist battle. Tillerson spoke at a ministerial meeting in K
Published 14 Feb, 2018 12:00am
ANC orders Zuma to resign as president

ANC orders Zuma to resign as president

South Africa's ruling ANC party on Tuesday "recalled" scandal-tainted President Jacob Zuma from office but set no deadline for him to step down, pitching the country into further uncertainty. ANC secretary-general Ace Magashule told reporters that Zuma ha
Published 14 Feb, 2018 12:00am
Chibok girls' kidnapper jailed for 15 years

Chibok girls' kidnapper jailed for 15 years

A man involved in the 2014 kidnapping of more than 200 schoolgirls from Chibok in northeast Nigeria has been jailed for 15 years, the government confirmed on Tuesday. The conviction of Haruna Yahaya, 35, is the first in relation to the mass abduction, whi
Published 14 Feb, 2018 12:00am
Trump renews trade threats against China, South Korea

Trump renews trade threats against China, South Korea

US President Donald Trump on Tuesday renewed a threat of retaliatory action against two major Asian trading partners, warning of sanctions against China while vowing to revise or scrap a free trade deal with South Korea. Charging that America's steel and
Published 14 Feb, 2018 12:00am
Oxfam chairman arrested in Guatemala

Oxfam chairman arrested in Guatemala

The chairman of under-fire British charity group Oxfam International, Juan Alberto Fuentes Knight, was arrested Tuesday in his native Guatemala in a swoop related to government graft allegations, officials said. He was detained along with former president
Published 14 Feb, 2018 12:00am
Four dead as storm hits southern Philippines

Four dead as storm hits southern Philippines

Four people were killed in the southern Philippines early Tuesday as a tropical storm unleashed heavy rain and triggered deadly landslides, police said. Tropical Storm Sanba slammed the east coast of the main southern island of Mindanao Tuesday with gusts
Published 14 Feb, 2018 12:00am
China building huge test site for unmanned ships

China building huge test site for unmanned ships

China has started building the world's largest test site for unmanned ships - a technology with both civilian and military applications - off a port in the disputed South China Sea, state media said Tuesday. The test area is being constructed off the sout
Published 14 Feb, 2018 12:00am
Over 50 Palestinians died in 2017 awaiting Israeli medical permits: WHO

Over 50 Palestinians died in 2017 awaiting Israeli medical permits: WHO

More than 50 Palestinians died waiting for Israeli visas to travel for medical treatment last year, with only around half of all applications granted, new figures showed Tuesday. A total of 54 Palestinians died awaiting permits in 2017, the World Health O
Published 14 Feb, 2018 12:00am
Erdogan warns foreign companies over gas drilling near Cyprus

Erdogan warns foreign companies over gas drilling near Cyprus

President Recep Tayyip Erdogan on Tuesday warned foreign energy companies not to "overstep the mark" in the Mediterranean, after Turkey's warships blocked an Italian drilling vessel seeking to begin exploration for gas off Cyprus.
Published 14 Feb, 2018 12:00am
Ethiopia protests block roads, shut businesses

Ethiopia protests block roads, shut businesses

Businesses were closed and stone-wielding men blocked roads near Ethiopia's capital on Tuesday in the latest anti-government protest by the Oromo people, the country's largest ethnicity. It is the second day of a three-day strike called by the Oromo peopl
Published 14 Feb, 2018 12:00am
Macron sticks by plan for compulsory national service

Macron sticks by plan for compulsory national service

Two decades after it scrapped its compulsory military service France will introduce a mandatory "national service" for all young people, the government said Tuesday, confirming a campaign pledge by President Emmanuel Macron. Macron took the country by sur
Published 14 Feb, 2018 12:00am
Gold for Kim, Hirscher as first doping case rocks Olympics

Gold for Kim, Hirscher as first doping case rocks Olympics

American teenager Chloe Kim and Austrian ski ace Marcel Hirscher lit up the Pyeongchang Winter Olympics Tuesday on a day of drama that included the first doping scandal of the Games. Snowboarder Kim, 17, snatched the first of the day's eight gold medals i
Published 14 Feb, 2018 12:00am
Nilsson, Klaebo sprint to cross-country gold

Nilsson, Klaebo sprint to cross-country gold

Sweden's Stina Nilsson claimed her first Olympic title when she won the women's sprint classic cross-country race at the Pyeongchang Winter Games on Tuesday. Nilsson, a cross-country bronze medallist from Sochi 2014, completed the course in 3min 3.84sec,
Published 14 Feb, 2018 12:00am
Canada win inaugural mixed doubles curling gold

Canada win inaugural mixed doubles curling gold

Canada's Kaitlyn Lawes and John Morris celebrated excitedly on Tuesday after they hammered Switzerland 10-3 to take the inaugural Olympic mixed doubles curling title. Lawes and Morris leapt around the arena after dominating the final of the mixed doubles,
Published 14 Feb, 2018 12:00am
Japanese speed skater in first doping case

Japanese speed skater in first doping case

Japanese short-track speed skater Kei Saito has tested positive for a banned drug at the Pyeongchang Olympics, the first doping case of the Games, the Court of Arbitration for Sport said Tuesday. Saito, 21, failed an out-of-competition test prior to the e
Published 14 Feb, 2018 12:00am
Life's a beach as North Korea cheerleaders mobbed by media

Life's a beach as North Korea cheerleaders mobbed by media

North Korea's Olympic cheerleaders were forced to abandon a visit to the beach when they were mobbed hundreds of excitable media on Tuesday. The cheerleaders, dressed in red uniforms with red and white woolly hats, managed a quick walk before hopping back
Published 14 Feb, 2018 12:00am
Warne reunites with Rajasthan as mentor

Warne reunites with Rajasthan as mentor

Australian spin legend Shane Warne has been reunited with the Rajasthan Royals, as the Indian Premier League club announced Tuesday he will mentor the side he once captained to victory. Warne, who lead the Royals as they clinched the IPL cup in its inaugu
Published 14 Feb, 2018 12:00am
Kvitova loses just four points in set in Qatar opener

Kvitova loses just four points in set in Qatar opener

Double Wimbledon champion Petra Kvitova breezed through her Qatar Open first-round match against Cagla Buyakakcay on Tuesday, losing just four points out of a total 28 played in the first set. Kvitova - currently ranked 21 in the world as she continues he
Published 14 Feb, 2018 12:00am
Afghanistan take 2-1 lead against Zimbabwe

Afghanistan take 2-1 lead against Zimbabwe

Leg-spin sensation Rashid Khan took five wickets as Afghanistan cruised to a six-wicket win over Zimbabwe in the third one-day international at Sharjah on Tuesday. The Afghans now lead the series 2-1 with two matches remaining, as the teams warm up for th
Published 14 Feb, 2018 12:00am
Hazard double eases pressure on Chelsea's Conte

Hazard double eases pressure on Chelsea's Conte

Eden Hazard's double eased the mounting pressure on Chelsea manager Antonio Conte as the English champions bounced back to winning ways and moved into the Premier League top four with a 3-0 win over rock bottom West Brom on Monday. Three-goal defeats at t
Published 14 Feb, 2018 12:00am
Motorcycle Grands Prix shortened for TV

Motorcycle Grands Prix shortened for TV

The distance of several Grands Prix on the motorcycle world circuit are to be shortened in a bid to standardise their durations and help television broadcasters, MotoGP said on Tuesday. "This is to ensure that races have a similar duration at each venue o
Published 14 Feb, 2018 12:00am
Ben Stokes to join England in New Zealand after court appearance

Ben Stokes to join England in New Zealand after court appearance

Ben Stokes will join the England squad in New Zealand after the star all-rounder pleaded not guilty Tuesday to a charge of affray over a nightclub incident that forced him out of the Ashes tour. The 26-year-old all-rounder appeared at Bristol Magistrates'
Published 14 Feb, 2018 12:00am
New Zealand post T20 win over England

New Zealand post T20 win over England

Captain Kane Williamson silenced his critics with a half century as New Zealand defeated England by 12 runs in the fourth match of the T20 tri-series in Wellington Tuesday, severely denting the tourists' hopes of making the final. Williamson top-scored wi
Published 14 Feb, 2018 12:00am
Shakib ruled out of first Sri Lanka T20

Shakib ruled out of first Sri Lanka T20

Bangladesh captain Shakib Al Hasan has been ruled out of the first Twenty20 international against Sri Lanka after he failed to recover from a finger injury, it was announced Tuesday. The star all-rounder also missed the recent Test series against Sri Lank
Published 14 Feb, 2018 12:00am
US government posts $49 billion surplus in January

US government posts $49 billion surplus in January

The US government reported a $49 billion surplus in January, the Treasury Department said on Monday. That compared with a budget surplus of $51 billion in the same month last year, according to Treasury's monthly budget statement. Economists polled by Reu
Published 14 Feb, 2018 12:00am
Ryanair drops airfares to Catalonia over secession crisis

Ryanair drops airfares to Catalonia over secession crisis

Ryanair said Tuesday it slashed airfares to Catalonia to continue filling its planes, blaming the secession crisis for keeping visitors away. "We have managed to maintain our traffic to and from our three Barcelona airports but only by reducing our prices
Published 14 Feb, 2018 12:00am
China allows both physical and cash settlement in forex forwards
Exchange

China allows both physical and cash settlement in forex forwards

China's foreign exchange regulator said on Tuesday that it is now allowing both physical and cash settlements in foreign exchange forwards to make such business fully market-oriented. All the foreign exchange forward contracts should be conducted under th
Published 14 Feb, 2018 12:00am
PepsiCo tops sales estimates
Currency

PepsiCo tops sales estimates

PepsiCo Inc's sales topped Wall Street forecasts in the fourth quarter, as higher demand at its snacks business that makes Doritos and Cheetos made up for a decline in sales of sugary drinks. As consumers increasingly ditch sodas and sugary drinks, Purcha
Published 14 Feb, 2018 12:00am
PepsiCo tops sales estimates
Currency

PepsiCo tops sales estimates

PepsiCo Inc's sales topped Wall Street forecasts in the fourth quarter, as higher demand at its snacks business that makes Doritos and Cheetos made up for a decline in sales of sugary drinks. As consumers increasingly ditch sodas and sugary drinks, Purcha
Published 14 Feb, 2018 12:00am
Beijing warns on trade tensions as it aims at US chemical

Beijing warns on trade tensions as it aims at US chemical

Trade tensions between the world's two biggest economies rose again on Tuesday as Beijing accused Washington of "excessive protectionism" after targeting imports of a key chemical from the United States. The administration of US President Donald Trump has
Published 14 Feb, 2018 12:00am
High UK inflation piles on pressure to hike rates

High UK inflation piles on pressure to hike rates

Britain's annual inflation rate held at 3.0 percent in January, official data showed Tuesday, piling more pressure on the Bank of England to hike interest rates soon, according to economists. The news comes less than one week after the Bank of England (Bo
Published 14 Feb, 2018 12:00am
Britain's cryptocurrency firms launch trade body
Exchange

Britain's cryptocurrency firms launch trade body

Seven of Britain's top cryptocurrency firms on Tuesday linked up to create CryptoUK, a trade body that will oversee the controversial sector, amid ongoing jitters over volatile Bitcoin. "The UK's leading cryptocurrency companies have joined together to la
Published 14 Feb, 2018 12:00am
Lower defence output saw Russia undershoot GDP target in 2017

Lower defence output saw Russia undershoot GDP target in 2017

A drop in Russian defence sector spending contributed to a surprise slump in the economy at the end of 2017, analysts and officials said, which has dampened an economic recovery in the countdown to a March presidential election. Russia's oil-dependent eco
Published 14 Feb, 2018 12:00am
French job growth returns to pre-crisis levels

French job growth returns to pre-crisis levels

France's economy added more than 50,000 private sector jobs in the last three months of 2017 as employment growth returned to levels not seen since before the global financial crisis, official data showed on Tuesday. Boosted by low interest rates, a globa
Published 14 Feb, 2018 12:00am
Transatlantic test for Airbus low-cost airliner

Transatlantic test for Airbus low-cost airliner

The long-range version of Airbus's updated single-aisle aircraft took off Tuesday on a flight from Paris to New York in what could be a boon for low-cost flights across the Atlantic. The A321neo LR is essentially taking a workhorse of the medium-haul mark
Published 14 Feb, 2018 12:00am
Commodities help FTSE 100 outperform European stocks

Commodities help FTSE 100 outperform European stocks

A recovery among commodities stocks helped Britain's top share index outperform European peers on Tuesday, though it came under pressure from a firmer pound after some stronger-than-expected inflation data. The blue-chip FTSE 100 index ended the day down
Published 14 Feb, 2018 12:00am
Southeast Asian stocks end higher

Southeast Asian stocks end higher

Southeast Asian stock markets ended higher on Tuesday, as broader Asia pulled further away from two-month lows, with a rebound in Wall Street lending support to global equities. Singapore shares climbed nearly 1 percent led by financials such as Oversea-C
Published 14 Feb, 2018 12:00am
European shares dip as skepticism looms on recovery

European shares dip as skepticism looms on recovery

European shares fell slightly on Tuesday as a flurry of corporate results failed to lift indexes and Wall Street pulled back ahead of Wednesday's crucial data on US inflation. The pan-European STOXX 600 benchmark index fell 0.6 percent but remained above
Published 14 Feb, 2018 12:00am
Australian, New Zealand shares up

Australian, New Zealand shares up

Australian shares returned to positive territory on Tuesday, drawing confidence from a recovery on Wall Street following a chaotic week for equities. The S&P/ASX 200 index rose 0.6 percent or 35.2 points to 5,855.9 at the close of trade, after a 0.3 perce
Published 14 Feb, 2018 12:00am
China stocks rebound
Exchange

China stocks rebound

China stocks rebounded on Tuesday as global equity markets appeared to regain some footing after last week's heavy sell-off. Sentiment was also aided by signs of government support and record bank lending in January. At the close, the Shanghai Composite i
Published 14 Feb, 2018 12:00am
Emaar Malls, Aramex boost Dubai bourse, MSCI changes roil Egypt

Emaar Malls, Aramex boost Dubai bourse, MSCI changes roil Egypt

Strong earnings by Emaar Malls and Aramex boosted Dubai's stock market on Tuesday but most major Middle Eastern bourses were soft, with changes by MSCI to its equity indexes affecting the Egyptian market. The Dubai index added 0.8 percent as Emaar Malls,
Published 14 Feb, 2018 12:00am
US 10-year yields hit four-year high

US 10-year yields hit four-year high

US Treasury yields rose on Monday, with benchmark 10-year yields hitting a four-year high and those on 30-year bonds climbing to an 11-month peak, as a stock rally and improving risk appetite diminished the safe-haven appeal of government debt. US 10-year
Published 14 Feb, 2018 12:00am
US 10-year yields hit four-year high

US 10-year yields hit four-year high

US Treasury yields rose on Monday, with benchmark 10-year yields hitting a four-year high and those on 30-year bonds climbing to an 11-month peak, as a stock rally and improving risk appetite diminished the safe-haven appeal of government debt. US 10-year
Published 14 Feb, 2018 12:00am
Hong Kong shares rebound

Hong Kong shares rebound

Hong Kong stocks rose on Tuesday, tracking a global rebound, as some investors sought bargains following last week's savage sell-off. At close of trade, the Hang Seng index was up 379.90 points or 1.29 percent at 29,839.53. The Hang Seng China Enterprises
Published 14 Feb, 2018 12:00am
Wall Street bounces back after tumultuous week
Exchange

Wall Street bounces back after tumultuous week

Wall Street's three major indexes rebounded on Monday with broad-based gains as investors regained some confidence after US equities' biggest weekly drop in two years, but strategists stopped short of calling an end to the market pullback. The announcemen
Published 14 Feb, 2018 12:00am
Tuesday's early afternoon trade: Indexes dip ahead of inflation data

Tuesday's early afternoon trade: Indexes dip ahead of inflation data

US stock indexes fell on Tuesday, undoing two strong days of gains that have settled some investor nerves ahead of a crucial reading on inflation. Strong US consumer price and retail sales data on Wednesday would fan fears over rising inflation and the pa
Published 14 Feb, 2018 12:00am
Tokyo stocks at four-month low

Tokyo stocks at four-month low

Tokyo stocks closed at a four-month low Tuesday on late profit-taking and a strong yen, giving up an early rally as investors stayed cautious despite two days of gains on Wall Street. The benchmark Nikkei 225 index fell 0.65 percent or 137.94 points, to 2
Published 14 Feb, 2018 12:00am
Nigerian stocks down

Nigerian stocks down

Nigerian stocks shed 2.4 percent on Tuesday to hit a new one-month low below 42,000 points as investors sold off shares in the consumer goods sector. The stock market, affected by a global risk-off sentiment, fell for the seventh straight session. Nigeria
Published 14 Feb, 2018 12:00am
Aussie, kiwi rebound

Aussie, kiwi rebound

The Australian and New Zealand dollars paused on Tuesday after climbing for two straight sessions amid a rebound in broader risk sentiment which saw global equities rally strongly. The Australian dollar held at $0.7851, well above the more than one-month
Published 14 Feb, 2018 12:00am
Sterling edges up ahead of inflation data
Currency

Sterling edges up ahead of inflation data

Sterling edged up against the dollar on Tuesday, continuing a modest rebound from three-week lows hit on Friday, as traders eyed UK inflation data for clues on when and how fast the Bank of England will raise interest rates. Consumer price index (CPI) num
Published 14 Feb, 2018 12:00am
China's yuan flat

China's yuan flat

China's yuan was largely flat against the US dollar on Tuesday, as support from a marginal loss in the greenback was eclipsed by weaker central bank guidance via its midpoint. The People's Bank of China (PBOC) lowered its official midpoint to 6.3247 per d
Published 14 Feb, 2018 12:00am
Most Asian currencies up
Currency

Most Asian currencies up

Most Asian currencies gained ground against the US dollar on Tuesday as global risk sentiment rose after world equities showed a semblance of calm, while the greenback was on the defensive on worries about its receding yield advantage.
Published 14 Feb, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 82.90-82.90 (Previous 82.90-82.90).
Published 14 Feb, 2018 12:00am
Dollar rally stalls against euro in New York
Exchange

Dollar rally stalls against euro in New York

The dollar fell against the euro on Monday following its best week against the single currency in nearly 15 months, as US stocks recouped some losses from the dramatic selloff that saw the S&P 500's sharpest decline in more than two years.
Published 14 Feb, 2018 12:00am
Early trade in New York: yen hits five-month high

Early trade in New York: yen hits five-month high

  • The Japanese yen rose to a five-month high on Tuesday on the back of broad-based selling of the dollar and speculation the Bank of Japan could be close to dialing back record levels of monetary stimulus. The yen has gained 1.5 percent against the dollar
Published 14 Feb, 2018 12:00am
Yen hits five-month high in Europe
Currency

Yen hits five-month high in Europe

The Japanese yen rose to a five-month high on Tuesday on the back of broad-based selling of the dollar and speculation the Bank of Japan could be close to dialling back record levels of monetary stimulus. The yen has gained 1.5 percent against the dollar
Published 14 Feb, 2018 12:00am
Dollar retreats in Asia
Currency

Dollar retreats in Asia

The dollar retreated on Tuesday as global equity markets tried to find their footing after last week's rout, reviving investors' appetite for riskier assets. Still, many market players are not convinced the worst is over, with US bond yields stuck at elev
Published 14 Feb, 2018 12:00am
General Dynamics to buy federal services provider for $6.8 billion

General Dynamics to buy federal services provider for $6.8 billion

US defense contractor General Dynamics Corp said on Monday it would buy CSRA Inc, a smaller provider of government services for about $6.8 billion, to expand the services it offers to the US Department of Defense. Federal information technology and servic
Published 14 Feb, 2018 12:00am
Australia central bank sees only gradual recovery in wages

Australia central bank sees only gradual recovery in wages

Australia's central bank on Tuesday cautioned that any pick up in wage growth was likely to be slow and protracted, weighing on household incomes and spending power amid high levels of debt. Reserve Bank of Australia (RBA) Assistant Governor Luci Ellis sa
Published 14 Feb, 2018 12:00am
LME aims to ban metal sourced with child labour
Exchange

LME aims to ban metal sourced with child labour

The London Metal Exchange could remove companies from its list of approved metal suppliers if they fall short of industry standards following an outcry about cobalt mined by children in Africa, three sources said. The exchange will issue principles for re
Published 14 Feb, 2018 12:00am
India's retail inflation slightly eases

India's retail inflation slightly eases

India's retail inflation slightly eased in January from a 17-month high in December but remained above the 4 percent medium-term target of the Reserve Bank of India (RBI) for the third straight month. India's measure of consumer price inflation, the CPI i
Published 14 Feb, 2018 12:00am
Taiwan raises 2018 GDP outlook

Taiwan raises 2018 GDP outlook

Taiwan nudged up its 2018 economic growth forecast on Tuesday, as strong exports continue to drive economic momentum, while consumption and private investment gradually improve. The trade-reliant economy has reaped the rewards of recovering growth in its
Published 14 Feb, 2018 12:00am
Yields on Egypt's three- and nine-month treasury bills fall
Currency

Yields on Egypt's three- and nine-month treasury bills fall

Average yields on Egypt's three- and nine-month treasury bills fell to their lowest in at least a year at an auction on Sunday, central bank data showed, amid a drop in inflation and anticipation of an interest rate cut this week. Some economists have sai
Published 14 Feb, 2018 12:00am
Yields on Egypt's three- and nine-month treasury bills fall
Currency

Yields on Egypt's three- and nine-month treasury bills fall

Average yields on Egypt's three- and nine-month treasury bills fell to their lowest in at least a year at an auction on Sunday, central bank data showed, amid a drop in inflation and anticipation of an interest rate cut this week. Some economists have sai
Published 14 Feb, 2018 12:00am
Heat, patchy rain help Ivory Coast cocoa mid-crop

Heat, patchy rain help Ivory Coast cocoa mid-crop

Above average rainfall helped Ivory Coast's cocoa-growing regions last week, farmers said on Monday, although some expressed concern about the effects of a spell of hot weather. The dry season in the world's top producer ends in March, but farmers said ma
Published 14 Feb, 2018 12:00am
Modest trade seen on cotton market
Cotton

Modest trade seen on cotton market

Rates sustained present levels on the cotton market on Tuesday in the process of modest trade activity, dealers said. The official spot rate was unchanged at Rs 7,000, they added. In Sindh, seed cotton prices showed no change at Rs 2500-3200 while in the
Published 14 Feb, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 163,329 tonnes of cargo comprising 134,751 tonnes of import cargo and 28,578 tonnes of export cargo including 7,522 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 13
Published 14 Feb, 2018 12:00am
European wheat futures rise
Exchange

European wheat futures rise

European wheat futures rose on Monday on the back of weather-fuelled gains in Chicago, but a backdrop of sluggish export demand kept a lid on the market. March milling wheat on the Paris-based Euronext exchange settled 1.25 euros, or 0.8 percent, higher a
Published 14 Feb, 2018 12:00am
Russian wheat prices rise on port disruption

Russian wheat prices rise on port disruption

Russian wheat prices rose last week as global benchmarks touched multi-month highs in Chicago while port disruptions because of storms also offered support, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content for
Published 14 Feb, 2018 12:00am
Asia naphtha crack falls to three-session low

Asia naphtha crack falls to three-session low

Asia's naphtha crack fell to a three-session low of $66.70 a tonne on Monday and was trading at a discount of more than $3 a barrel to Brent crude as ample supplies persisted. Demand continued to emerge but not enough to soak up all the supplies following
Published 14 Feb, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,184. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.407 billion and the number of lots traded was 9,991.
Published 14 Feb, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 14 Feb, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 14 Feb, 2018 12:00am
State Bank of Pakistan conversion rates
Exchange

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 14 Feb, 2018 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 14 Feb, 2018 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (February 13, 2018).

Published 14 Feb, 2018 12:00am
Bill buying rates per unit of currency
Currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (February 13, 2018).

Published 14 Feb, 2018 12:00am
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