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Archive - 2018-03-17
Architecture
Featured Photos

Architecture

The desolated view of ancient and thickly populated of Hanidan Graveyard Dureji necropolis and ruining day by day du
Published 17 Mar, 2018 07:06pm
Most Asian units soften before Fed meet
Exchange

Most Asian units soften before Fed meet

Most emerging Asian currencies on Friday slipped against the dollar, which firmed overnight, as many investors refrained from taking positions ahead of a Federal Reserve meeting next week that will set the tone for US fiscal policy in 2018.
Published 17 Mar, 2018 12:00am
Yuan eases
Currency

Yuan eases

China's yuan eased against the US dollar on Friday, after a weaker official midpoint fixing that reflected gains by the greenback, but the Chinese currency remained on course for a winning week. Overnight, the dollar climbed 0.5 percent against a basket o
Published 17 Mar, 2018 12:00am
Dollar stays up in New York
Currency

Dollar stays up in New York

The dollar rose for a second straight session on Thursday as traders further trimmed short currency positions and braced for next week's Federal Open Market Committee meeting at which the US central bank is expected to raise interest rates for the first t
Published 17 Mar, 2018 12:00am
Early trade in New York: dollar rises on solid US economic data
Exchange

Early trade in New York: dollar rises on solid US economic data

The dollar rose against most currencies on Friday, bolstered by solid US economic data that further supported consensus expectations that the Federal Reserve will raise interest rates at next week's monetary policy meeting. "The gains in the dollar were a
Published 17 Mar, 2018 12:00am
Dollar retreats against yen in Europe
Exchange

Dollar retreats against yen in Europe

The dollar fell further against the Japanese yen on Friday on reports of more turmoil in the Trump administration, while other markets were quiet as investors remained cautious. Concerns that US trade tariffs could hurt the global economy and personnel de
Published 17 Mar, 2018 12:00am
Dollar falls in Asia
Currency

Dollar falls in Asia

The dollar fell versus the yen on Friday, after a report that US President Donald Trump would remove his national security adviser added to concerns about recent White House personnel changes and what that meant for policy. Trump has decided to replace hi
Published 17 Mar, 2018 12:00am
J&J nears diabetes device exit with $2.1 billion LifeScan sale

J&J nears diabetes device exit with $2.1 billion LifeScan sale

Johnson & Johnson said on Friday it was offered about $2.1 billion for its LifeScan Inc unit, which makes blood glucose monitoring products, by private equity firm Platinum Equity, another step towards exiting the diabetes device market. Platinum has give
Published 17 Mar, 2018 12:00am
Intel says chips addressing flaws set for release this year

Intel says chips addressing flaws set for release this year

Intel Corp. said Thursday new computer chips designed to address vulnerabilities disclosed earlier this year would be shipped in the second half of 2018. Chief executive Brian Krzanich said the new chips would guard against hardware flaws dubbed Meltdown
Published 17 Mar, 2018 12:00am
Eurozone banks may get reprieve until 2021 from ECB bad-debt rules

Eurozone banks may get reprieve until 2021 from ECB bad-debt rules

Eurozone banks may get a reprieve until 2021 to fully implement European Central Bank guidelines on treating new soured loans, an ECB document showed on Thursday, a retreat from an earlier proposal for a more aggressive treatment of bad debt. The ECB's lo
Published 17 Mar, 2018 12:00am
Lufthansa soars to record profits in 2017

Lufthansa soars to record profits in 2017

German airline giant Lufthansa reported record profits for 2017 Thursday, celebrating a year that saw it bury a smouldering dispute with pilots and gobble up parts of defunct rival Air Berlin. Net profits at the group - which includes Lufthansa, Eurowings
Published 17 Mar, 2018 12:00am
Lufthansa soars to record profits in 2017

Lufthansa soars to record profits in 2017

German airline giant Lufthansa reported record profits for 2017 Thursday, celebrating a year that saw it bury a smouldering dispute with pilots and gobble up parts of defunct rival Air Berlin. Net profits at the group - which includes Lufthansa, Eurowings
Published 17 Mar, 2018 12:00am
Singapore exports unexpectedly fall

Singapore exports unexpectedly fall

Singapore's non-oil exports unexpectedly fell from a year earlier in February, at the fastest pace in nearly 1-1/2 years, as tech product shipments continued to retreat from the hot pace of recent months and other sectors also cooled. Exports fell 5.9 per
Published 17 Mar, 2018 12:00am
South Africa's new president vows faster land redistribution

South Africa's new president vows faster land redistribution

South African President Cyril Ramaphosa, who came to power last month, vowed on Wednesday to "escalate the pace" of redistributing land from wealthy whites to poorer blacks. Land ownership is a sensitive subject in South Africa, 24 years after the end of
Published 17 Mar, 2018 12:00am
China to see driverless cars in '3-5 years': Baidu

China to see driverless cars in '3-5 years': Baidu

Self-driving cars will hit the roads in China "within three to five years", the founder of Chinese internet giant Baidu, one of the world's leading designers of driverless cars, said Thursday. That is a lot sooner than predicted by China's information tec
Published 17 Mar, 2018 12:00am
Angola's growth outlook boosted by oil price, policy shifts: IMF
Currency

Angola's growth outlook boosted by oil price, policy shifts: IMF

Angola's economic growth prospects are on the rise as higher oil prices and sounder policies under President Joao Lourenco bring greater stability to Africa's second biggest crude exporter, the International Monetary Fund said on Friday. Angola's economy
Published 17 Mar, 2018 12:00am
Takeover bid boosts NEX Group as FTSE slips to weekly loss

Takeover bid boosts NEX Group as FTSE slips to weekly loss

A takeover offer for NEX Group sent its shares shooting up by almost a third on Friday, while the FTSE 100 registered a weekly decline in spite of a boost from energy and financials stocks. Financial technology company NEX Group rose 31 percent after sayi
Published 17 Mar, 2018 12:00am
Most Southeast Asia stocks subdued

Most Southeast Asia stocks subdued

Most Southeast Asian stock markets were subdued on Friday, weighed down by reports of further chaos in the White House and fears that US tariffs could hurt the global economy and trigger a trade war. Broader Asian markets also dropped on concerns about th
Published 17 Mar, 2018 12:00am
China stocks fall, US protectionism worries weigh

China stocks fall, US protectionism worries weigh

China stocks fell on Friday and ended the week lower, dragged by consumer and material firms, as reports of more chaos in the Trump administration added to concerns about rising US protectionism. ** At the close, the Shanghai Composite index was down 0.6
Published 17 Mar, 2018 12:00am
Indian shares plummet

Indian shares plummet

Indian shares fell 1.5 percent on Friday, the sharpest in more than a month, with financial and energy stocks leading the decline. The benchmark BSE index declined 1.51 percent to 33,176, ending 0.4 percent lower for the week.
Published 17 Mar, 2018 12:00am
Rising Libor lifts two-year yield to decade high
Libor

Rising Libor lifts two-year yield to decade high

The Treasury bond yield curve continued to flatten on Thursday as the surging spread between Libor and the overnight indexed swap rate pressured the short end of the curve, lifting the two-year yield to a decade high. The spread between those two rates, a
Published 17 Mar, 2018 12:00am
Rising Libor lifts two-year yield to decade high
Libor

Rising Libor lifts two-year yield to decade high

The Treasury bond yield curve continued to flatten on Thursday as the surging spread between Libor and the overnight indexed swap rate pressured the short end of the curve, lifting the two-year yield to a decade high. The spread between those two rates, a
Published 17 Mar, 2018 12:00am
Australian shares up; New Zealand at record high
Exchange

Australian shares up; New Zealand at record high

Australian shares snapped a three-session losing streak on Friday as retail giant Wesfarmers soared after announcing plans to spin off its Coles supermarket division, but broader gains were capped by further weakness in banks. The S&P/ASX 200 index closed
Published 17 Mar, 2018 12:00am
S&P falls for fourth day as Mueller subpoena weighs
Exchange

S&P falls for fourth day as Mueller subpoena weighs

The S&P 500 ended slightly lower on Thursday after a report that US Special Counsel Robert Mueller had issued a subpoena for documents related to US President Donald Trump's businesses offset strong jobs and manufacturing data. The S&P fell to a session l
Published 17 Mar, 2018 12:00am
Tokyo stocks lower

Tokyo stocks lower

Tokyo stocks lost ground Friday, giving up their early gains, with market sentiment hit by a strong yen and concerns lingering over political risks in the US and Japan. The benchmark Nikkei 225 index fell 0.58 percent, or 127.44 points, to close at 21,676
Published 17 Mar, 2018 12:00am
Huge bonuses at Deutsche Bank despite 2017 loss

Huge bonuses at Deutsche Bank despite 2017 loss

Germany's top lender Deutsche Bank on Friday said it had quadrupled bonus payouts to staff in 2017, despite booking a bigger-than-expected net loss for the year. The bank said it paid out 2.16 billion euros ($2.6 billion) in bonuses, with the lion's share
Published 17 Mar, 2018 12:00am
Huge bonuses at Deutsche Bank despite 2017 loss

Huge bonuses at Deutsche Bank despite 2017 loss

Germany's top lender Deutsche Bank on Friday said it had quadrupled bonus payouts to staff in 2017, despite booking a bigger-than-expected net loss for the year. The bank said it paid out 2.16 billion euros ($2.6 billion) in bonuses, with the lion's share
Published 17 Mar, 2018 12:00am
Ex-Siemens executive pleads guilty in $100 million bribery plot
Exchange

Ex-Siemens executive pleads guilty in $100 million bribery plot

A former executive at German engineering giant Siemens pleaded guilty on Thursday to conspiring to pay tens of millions of dollars in bribes to officials in Argentina, the US Justice Department announced. The admission of guilt before a federal judge in N
Published 17 Mar, 2018 12:00am
Wesfarmers to spin off supermarket giant Coles

Wesfarmers to spin off supermarket giant Coles

Australian supermarket chain Coles will be spun off into a separate entity by owner Wesfarmers, the company said Friday, amid a shake-up in the food retail sector as new entrants threaten a longstanding duopoly. Coles, which together with rival Woolworths
Published 17 Mar, 2018 12:00am
Sri Lanka statistics office withdraws GDP data

Sri Lanka statistics office withdraws GDP data

Sri Lanka's Department of Census and Statistics withdrew its 2017 full-year and fourth quarter gross domestic product data on Friday, a day after posting the island nation's worst economic growth in 16 years. The data on Thursday showed the economy expand
Published 17 Mar, 2018 12:00am
Kuroda wins second term at Bank of Japan

Kuroda wins second term at Bank of Japan

Japan's parliament approved Haruhiko Kuroda for a second term as central bank governor on Friday, with a mandate to battle deflation and pep up the world's third-biggest economy. Handpicked by Shinzo Abe to steer the former economic powerhouse out of a da
Published 17 Mar, 2018 12:00am
US industrial output soars; housing starts fall

US industrial output soars; housing starts fall

US industrial production surged in February, boosted by strong increases in output at factories and mines, but the economic outlook for the first quarter was dimmed by a larger-than-expected plunge in homebuilding last month. The broad-based rise in produ
Published 17 Mar, 2018 12:00am
US Treasury chief accused of luxury travel on taxpayer dime

US Treasury chief accused of luxury travel on taxpayer dime

An ethics organization in Washington accused US Treasury Secretary Steven Mnuchin on Thursday of bilking US tax payers by needlessly traveling on military and non-commercial jets to the tune of $1 million last year. Documents obtained after a freedom of i
Published 17 Mar, 2018 12:00am
US Treasury chief accused of luxury travel on taxpayer dime

US Treasury chief accused of luxury travel on taxpayer dime

An ethics organization in Washington accused US Treasury Secretary Steven Mnuchin on Thursday of bilking US tax payers by needlessly traveling on military and non-commercial jets to the tune of $1 million last year. Documents obtained after a freedom of i
Published 17 Mar, 2018 12:00am
Shell to sell New Zealand assets to OMV for $578 millon

Shell to sell New Zealand assets to OMV for $578 millon

Anglo-Dutch energy giant Royal Dutch Shell has announced it will sell assets in New Zealand to the Austrian oil and gas group OMV for $578mn. The deal includes stakes in the Maui and Pohokura gas fields, and follows the company's sale of its stake in the
Published 17 Mar, 2018 12:00am
Nike cites 'conduct' violations, top executive out

Nike cites 'conduct' violations, top executive out

Sportsgear maker Nike on Thursday announced the surprise departure of top executive Trevor Edwards, who was considered a potential successor to the firm's CEO. Without making any direct connection, a Nike spokeswoman told AFP there had been "conduct incon
Published 17 Mar, 2018 12:00am
Russian billions slip through Latvia's loose net
Exchange

Russian billions slip through Latvia's loose net

Latvia launched just 85 money-laundering investigations in 2017 even though its banks flagged 17,900 suspect transactions, data seen by Reuters shows, highlighting the challenge the Baltic state faces in repairing its tarnished reputation. Prime Minister
Published 17 Mar, 2018 12:00am
CBOT soyabean futures fall on technical selling

CBOT soyabean futures fall on technical selling

Chicago Board of Trade soyabean futures fell 1.7 percent on Wednesday, pressured by technical selling and outlooks for record-large US soya plantings, traders said. Soyabeans declined after rising for the past two sessions. Losses in soyabeans outpaced th
Published 17 Mar, 2018 12:00am
CBOT corn futures decline

CBOT corn futures decline

Chicago Board of Trade corn futures declined 0.8 percent on Wednesday in technical selling in the wake of a seven-month high notched on Tuesday, traders said. The lack of new bullish information weighed, with increasing export demand for US corn due to dr
Published 17 Mar, 2018 12:00am
Spinners buy cotton on lower rates
Cotton

Spinners buy cotton on lower rates

Trading activity improved on the cotton market on Friday as lower rates attracted spinners, who were keen to replenish their stock, dealers said. Official spot rate was down by Rs 100 to Rs 7500, they added. In Sindh and Punjab seed cotton prices were at
Published 17 Mar, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 165,156 tonnes of cargo comprising 120,962 tonnes of import cargo and 44,194 tonnes of export cargo including 3,545 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 120
Published 17 Mar, 2018 12:00am
Chinese iron ore, coking coal jump over 2 percent
Exchange

Chinese iron ore, coking coal jump over 2 percent

Chinese iron ore and coking coal futures jumped more than 2 percent on Wednesday, rebounding from multi-month lows after strong economic data from China pointed to firm demand conditions in the world's No. 2 economy. China's industrial output and fixed-as
Published 17 Mar, 2018 12:00am
Euronext wheat futures edge higher

Euronext wheat futures edge higher

Euronext wheat futures edged higher on Wednesday, supported by steady US futures and an easing euro, while business was subdued as traders awaited fresh indications about crop weather. May milling wheat on Paris-based Euronext settled 1.00 euro, or 0.6 pe
Published 17 Mar, 2018 12:00am
Ukraine's grain exports down

Ukraine's grain exports down

Ukraine's grain exports totalled 27.99 million tonnes by Wednesday, down from 30.89 million tonnes on the same date the previous season, the agriculture ministry said on Wednesday. So far in the 2017/18 season, which runs from July to June, Ukraine export
Published 17 Mar, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,235. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.197 billion and the number of lots traded was 7,689.
Published 17 Mar, 2018 12:00am
To serve, with love

To serve, with love

I asked the waiter whether I can be served fries instead of mashed potato and he said "Sorry, this dish is with fries only"; When I asked the customer service desk why they have added late payment charges on my credit card when I received the bill after d
Published 17 Mar, 2018 12:00am
Wit and humour

Wit and humour

At a very young and tender age I was introduced to the beauty of wit by my father. He was a voracious and ardent reader. He always had a parable, an anecdote or a joke to suit the many discussions he would have with his children at the dining table, parti
Published 17 Mar, 2018 12:00am
Stephen Hawking: a brief history of genius

Stephen Hawking: a brief history of genius

Stephen Hawking, who has died aged 76, was Britain's most famous modern day scientist, a genius who dedicated his life to unlocking the secrets of the Universe. Born on January 8, 1942 - 300 years to the day after the death of the father of modern science
Published 17 Mar, 2018 12:00am
ART FACTS: Harmonic, chromatic calligraphy

ART FACTS: Harmonic, chromatic calligraphy

Calligraphy is the most respected art form in Islam and the traces of this art in history and within Islamic society attracted not only Muslims but non-Muslims also around the world. Therefore it's obvious that the artists are more attracted to this form
Published 17 Mar, 2018 12:00am
The world of unknown

The world of unknown

Iqbal Hussain's brush led him to express beyond the ordinary and his considerations along with the brush took him to the world of unknown. He experienced other dimensions and worlds by cutting through the veil of society in paintings exhibited in a solo s
Published 17 Mar, 2018 12:00am
Primitive art: Neanderthals were Europe's first painters

Primitive art: Neanderthals were Europe's first painters

The world's oldest known cave paintings were made by Neanderthals, not modern humans, suggesting our extinct cousins were far from being uncultured brutes. A high-tech analysis of cave art at three Spanish sites, published last month, dates the paintings
Published 17 Mar, 2018 12:00am
Many mothers may lack knowledge about child burn risk, treatment

Many mothers may lack knowledge about child burn risk, treatment

Mothers of young children may be largely unaware of the biggest burn risks to their little ones and even what age group is most likely to get burned, Australian researchers say. The study team surveyed almost 500 mothers of young kids in Queensland, and j
Published 17 Mar, 2018 12:00am
In China's eSport schools students learn it pays to play

In China's eSport schools students learn it pays to play

Most teachers would not be impressed to discover a student playing video games in their class. But at a school in eastern China it is mandatory, part of a drive to train eSport champions and tap into the booming industry.
Published 17 Mar, 2018 12:00am
Mandatory exercise at the office, Sweden's latest craze

Mandatory exercise at the office, Sweden's latest craze

Workers spending their lunch break at the gym may be commonplace in most Western countries, but in Sweden some employers are pushing the idea even further, making on-the-job exercise compulsory. Every Friday, employees of fashion and sportswear retailer B
Published 17 Mar, 2018 12:00am
Dubai tests autonomous pods in drive for smart city

Dubai tests autonomous pods in drive for smart city

Dubai has begun testing autonomous pods in a trial run the Gulf's trade and tourism hub hopes will help its transformation into one of the smartest cities in the world. Officials from Dubai's Roads and Transport Authority (RTA) displayed two cube-shaped v
Published 17 Mar, 2018 12:00am
'A Wrinkle in Time': a girls' movie all boys should see

'A Wrinkle in Time': a girls' movie all boys should see

If "Black Panther" demonstrated that women can dominate a highly-lucrative action movie, then "A Wrinkle in Time" takes the lesson further - showing the boys how to be gracious followers. The sci-fi fantasy is aiming to dislodge its Disney stablemate from
Published 17 Mar, 2018 12:00am
Sixties icon Anna Karina revels in comeback at 77

Sixties icon Anna Karina revels in comeback at 77

Anna Karina is wondering whether to say how many times she has been married. "Oh la la! I prefer not to," laughed the actress and director who was the face of the French New Wave. "Less than Liz Taylor," she joked, who went up the aisle eight times. "I've
Published 17 Mar, 2018 12:00am
Mark Hamill bags Hollywood star, with no wars required

Mark Hamill bags Hollywood star, with no wars required

"Star Wars" legend Mark Hamill was immortalized on Holly-wood's iconic Walk of Fame on Thursday in front of scores of fans, some of whom had waited hours to glimpse the actor. The 66-year-old Californian has appeared in some 70 movies which were nothing t
Published 17 Mar, 2018 12:00am
Bridge Note: The reasoningis simple

Bridge Note: The reasoningis simple

Dummy play in Bridge has always been the game's key characteristic. For it is one of the most significant reflections of a Bridge player's caliber. A number of Bridge books by experts have been written on the subject enumerating the various techniques of
Published 17 Mar, 2018 12:00am
'Coco,' a 'love letter to Mexico,' wins Oscar

'Coco,' a 'love letter to Mexico,' wins Oscar

"Coco," which won viewers' hearts with the story of a little boy chasing his dreams against the backdrop of Mexico's colourful Day of the Dead festival, took the Oscar for best animated film Sunday. The movie, which director Lee Unkrich has called a "love
Published 17 Mar, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 17 Mar, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 17 Mar, 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 17 Mar, 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 17 Mar, 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 Friday (March 16, 2018).

Published 17 Mar, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 16, 2018).
Published 17 Mar, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 16, 2018).

Published 17 Mar, 2018 12:00am
Peace talks with Afghanistan under way: CoAS

Peace talks with Afghanistan under way: CoAS

During his meeting with tribal elders in Landi Kotal, Chief of Army Staff (CoAS) General Qamar Javed Bajwa Friday assured them that all issues faced by tribal people will be addressed. According to ISPR, General Bajwa said Pakistan Army fully supported ma
Published 17 Mar, 2018 12:00am
Peace talks with Afghanistan under way: CoAS

Peace talks with Afghanistan under way: CoAS

During his meeting with tribal elders in Landi Kotal, Chief of Army Staff (CoAS) General Qamar Javed Bajwa Friday assured them that all issues faced by tribal people will be addressed. According to ISPR, General Bajwa said Pakistan Army fully supported ma
Published 17 Mar, 2018 12:00am
Musharraf has pledged to return within week: minister

Musharraf has pledged to return within week: minister

Interior Minister Ahsan Iqbal Friday said that the government will implement the order of the Special Court if the former president does not return to the country within one week. Talking to reporters, he said that Ministry of Interior will implement cour
Published 17 Mar, 2018 12:00am
Musharraf has pledged to return within week: minister

Musharraf has pledged to return within week: minister

Interior Minister Ahsan Iqbal Friday said that the government will implement the order of the Special Court if the former president does not return to the country within one week. Talking to reporters, he said that Ministry of Interior will implement cour
Published 17 Mar, 2018 12:00am
Ministry asked to bring back Musharraf through Interpol

Ministry asked to bring back Musharraf through Interpol

Special Court set up for the trial of former Chief of Army Staff General Pervez Musharraf (retd) under Article 6 of Constitution, directed Ministry of Interior to approach Interpol for issuance of former president's arrest warrants and production before t
Published 17 Mar, 2018 12:00am
Ministry asked to bring back Musharraf through Interpol

Ministry asked to bring back Musharraf through Interpol

Special Court set up for the trial of former Chief of Army Staff General Pervez Musharraf (retd) under Article 6 of Constitution, directed Ministry of Interior to approach Interpol for issuance of former president's arrest warrants and production before t
Published 17 Mar, 2018 12:00am
Governance in Discos: cabinet tells Power Division to prepare plan

Governance in Discos: cabinet tells Power Division to prepare plan

The federal cabinet has directed the Power Division to prepare a comprehensive plan to improve governance in the power sector, especially power Distribution Companies (Discos) through induction of experienced professionals, well-informed sources in the Po
Published 17 Mar, 2018 12:00am
Governance in Discos: cabinet tells Power Division to prepare plan

Governance in Discos: cabinet tells Power Division to prepare plan

The federal cabinet has directed the Power Division to prepare a comprehensive plan to improve governance in the power sector, especially power Distribution Companies (Discos) through induction of experienced professionals, well-informed sources in the Po
Published 17 Mar, 2018 12:00am
Governance in Discos: cabinet tells Power Division to prepare plan

Governance in Discos: cabinet tells Power Division to prepare plan

The federal cabinet has directed the Power Division to prepare a comprehensive plan to improve governance in the power sector, especially power Distribution Companies (Discos) through induction of experienced professionals, well-informed sources in the Po
Published 17 Mar, 2018 12:00am
World can't agree on taxing web giants: OECD

World can't agree on taxing web giants: OECD

The OECD warned Friday that countries have failed to reach a consensus on how to tax technology giants like Apple and Google, with the US and EU at odds as fears grow of a trade war. The Organisation for Economic Cooperation and Development, a club of ric
Published 17 Mar, 2018 12:00am
World can't agree on taxing web giants: OECD

World can't agree on taxing web giants: OECD

The OECD warned Friday that countries have failed to reach a consensus on how to tax technology giants like Apple and Google, with the US and EU at odds as fears grow of a trade war. The Organisation for Economic Cooperation and Development, a club of ric
Published 17 Mar, 2018 12:00am
World can''t agree on taxing web giants: OECD

World can''t agree on taxing web giants: OECD

The OECD warned Friday that countries have failed to reach a consensus on how to tax technology giants like Apple and Google, with the US and EU at odds as fears grow of a trade war. The Organisation for Economic Cooperation and Development, a club of ric
Published 17 Mar, 2018 12:00am
World can''''t agree on taxing web giants: OECD

World can''''t agree on taxing web giants: OECD

The OECD warned Friday that countries have failed to reach a consensus on how to tax technology giants like Apple and Google, with the US and EU at odds as fears grow of a trade war. The Organisation for Economic Cooperation and Development, a club of ric
Published 17 Mar, 2018 12:00am
BRIndex100 stays bearish
Exchange

BRIndex100 stays bearish

Pakistan Stock Exchange Friday remained under pressure due to selling in various sectors. BRIndex100 lost 20.34 points or 0.43 percent to close at 4,657.06 points. BRIndex100 touched intraday high of 4,677.40 and intraday low of 4,649.62 points. Volumes s
Published 17 Mar, 2018 12:00am
BRIndex100 stays bearish
Exchange

BRIndex100 stays bearish

Pakistan Stock Exchange Friday remained under pressure due to selling in various sectors. BRIndex100 lost 20.34 points or 0.43 percent to close at 4,657.06 points. BRIndex100 touched intraday high of 4,677.40 and intraday low of 4,649.62 points. Volumes s
Published 17 Mar, 2018 12:00am
BRIndex100 stays bearish
Exchange

BRIndex100 stays bearish

Pakistan Stock Exchange Friday remained under pressure due to selling in various sectors. BRIndex100 lost 20.34 points or 0.43 percent to close at 4,657.06 points. BRIndex100 touched intraday high of 4,677.40 and intraday low of 4,649.62 points. Volumes s
Published 17 Mar, 2018 12:00am
Business turnovers growing: Miftah
Exchange

Business turnovers growing: Miftah

Advisor to Prime Minister on Finance Miftah Ismail said on Friday that state of Pakistan's economy is very good and "there is no issue" while increase in revenue indicates that business turnovers are increasing. Speaking at a media briefing a day after th
Published 17 Mar, 2018 12:00am
Business turnovers growing: Miftah
Exchange

Business turnovers growing: Miftah

Advisor to Prime Minister on Finance Miftah Ismail said on Friday that state of Pakistan's economy is very good and "there is no issue" while increase in revenue indicates that business turnovers are increasing. Speaking at a media briefing a day after th
Published 17 Mar, 2018 12:00am
Business turnovers growing: Miftah
Exchange

Business turnovers growing: Miftah

Advisor to Prime Minister on Finance Miftah Ismail said on Friday that state of Pakistan''s economy is very good and "there is no issue" while increase in revenue indicates that business turnovers are increasing. Speaking at a media briefing a day after t
Published 17 Mar, 2018 12:00am
Hackers tried to cause Saudi petrochemical plant blast: NYT

Hackers tried to cause Saudi petrochemical plant blast: NYT

Cyber-attackers tried to trigger a deadly explosion at a petrochemical plant in Saudi Arabia in August and failed only because of a code glitch, The New York Times reported. Investigators declined to identify the suspected attackers, but people interviewe
Published 17 Mar, 2018 12:00am
Hackers tried to cause Saudi petrochemical plant blast: NYT

Hackers tried to cause Saudi petrochemical plant blast: NYT

Cyber-attackers tried to trigger a deadly explosion at a petrochemical plant in Saudi Arabia in August and failed only because of a code glitch, The New York Times reported. Investigators declined to identify the suspected attackers, but people interviewe
Published 17 Mar, 2018 12:00am
Pakistan to stay away from WTO ministerial moot
Exchange

Pakistan to stay away from WTO ministerial moot

Pakistan will stay away from the World Trade Organization (WTO) ministerial meeting to be hosted by India from March 19-20, as diplomatic tensions deepened between the two countries after a series of incidents of harassment of Pakistani diplomats and thei
Published 17 Mar, 2018 12:00am
Pakistan to stay away from WTO ministerial moot
Exchange

Pakistan to stay away from WTO ministerial moot

Pakistan will stay away from the World Trade Organization (WTO) ministerial meeting to be hosted by India from March 19-20, as diplomatic tensions deepened between the two countries after a series of incidents of harassment of Pakistani diplomats and thei
Published 17 Mar, 2018 12:00am
Pakistan to stay away from WTO ministerial moot
Exchange

Pakistan to stay away from WTO ministerial moot

Pakistan will stay away from the World Trade Organization (WTO) ministerial meeting to be hosted by India from March 19-20, as diplomatic tensions deepened between the two countries after a series of incidents of harassment of Pakistani diplomats and thei
Published 17 Mar, 2018 12:00am
HC arrives: another video shows harassment by India's agencies

HC arrives: another video shows harassment by India's agencies

Pakistan's High Commissioner to India Sohail Mehmood arrived on Friday for consultations with high authorities amid continued harassment of diplomats and their family members by Indian state agencies in New Delhi. Sohail Mehmood arrived in Lahore on Frida
Published 17 Mar, 2018 12:00am
HC arrives: another video shows harassment by India's agencies

HC arrives: another video shows harassment by India's agencies

Pakistan's High Commissioner to India Sohail Mehmood arrived on Friday for consultations with high authorities amid continued harassment of diplomats and their family members by Indian state agencies in New Delhi. Sohail Mehmood arrived in Lahore on Frida
Published 17 Mar, 2018 12:00am
February FDI up by 132 percent YoY

February FDI up by 132 percent YoY

Foreign direct investment in Pakistan rose by 132 percent to $340.8 million in February 2018 as compared to $146.7 million in the same month in 2017. According the State Bank of Pakistan's current data issued Friday, FDI increased by 15.6 percent to $1.94
Published 17 Mar, 2018 12:00am
February FDI up by 132 percent YoY

February FDI up by 132 percent YoY

Foreign direct investment in Pakistan rose by 132 percent to $340.8 million in February 2018 as compared to $146.7 million in the same month in 2017. According the State Bank of Pakistan's current data issued Friday, FDI increased by 15.6 percent to $1.94
Published 17 Mar, 2018 12:00am
February FDI up by 132 percent YoY

February FDI up by 132 percent YoY

Foreign direct investment in Pakistan rose by 132 percent to $340.8 million in February 2018 as compared to $146.7 million in the same month in 2017. According the State Bank of Pakistan''s current data issued Friday, FDI increased by 15.6 percent to $1.9
Published 17 Mar, 2018 12:00am
Leader of Opposition in Senate: PPP, PTI make final campaign push

Leader of Opposition in Senate: PPP, PTI make final campaign push

Pakistan Tehreek-e-Insaf (PTI) has been left with no option but to swallow the bitter pill if the PPP proceeds with its candidate for the Leader of the Opposition, informed sources told Business Recorder. The PTI simply does not have the numbers or
Published 17 Mar, 2018 12:00am
Growing glaciers prove cold comfort for Shimshal valley

Growing glaciers prove cold comfort for Shimshal valley

Climate change is causing glaciers around the world to melt, raising the risk of flooding and other problems. But residents of a remote area of Pakistan face floods for the opposite reason - their glaciers are growing. Experts say that more than 120 glaci
Published 17 Mar, 2018 12:00am
Pakistan doing 'bare minimum' to help US: official

Pakistan doing 'bare minimum' to help US: official

Pakistan is doing the "bare minimum" to squeeze the Taliban and terror groups, a senior US administration official said Friday, despite Washington's threat to freeze two billion dollars' worth of aid. The official's comments also come as Pakistan is tryin
Published 17 Mar, 2018 12:00am
France opens 400 million euro credit line for Lebanon

France opens 400 million euro credit line for Lebanon

Lebanon received increased military support from the international community Thursday with France opening a 400 million euro ($492 million) line of credit to the country's army. Prime Minister Saad Hariri thanked Paris at an international conference held
Published 17 Mar, 2018 12:00am
OCAC clarification

OCAC clarification

"This refers to the on-going controversy related to the use of additives by the Oil Industry to address poor petrol quality issues. Oil Companies Advisory Council (OCAC) strongly rejects the submissions contained in the various news items, which are based
Published 17 Mar, 2018 12:00am
OCAC clarification

OCAC clarification

"This refers to the on-going controversy related to the use of additives by the Oil Industry to address poor petrol quality issues. Oil Companies Advisory Council (OCAC) strongly rejects the submissions contained in the various news items, which are based
Published 17 Mar, 2018 12:00am
OCAC clarification

OCAC clarification

"This refers to the on-going controversy related to the use of additives by the Oil Industry to address poor petrol quality issues. Oil Companies Advisory Council (OCAC) strongly rejects the submissions contained in the various news items, which are based
Published 17 Mar, 2018 12:00am
ECL: Nisar casts aspersions on Sharif family?

ECL: Nisar casts aspersions on Sharif family?

Former Interior Minister Chaudhry Nisar Ali Khan on Friday said that non-inclusion of the Sharif family members' names in Exit Control List (ECL) means that the decision has been made somewhere else and is not taken by the Interior Ministry's committee. N
Published 17 Mar, 2018 12:00am
ECL: Nisar casts aspersions on Sharif family?

ECL: Nisar casts aspersions on Sharif family?

Former Interior Minister Chaudhry Nisar Ali Khan on Friday said that non-inclusion of the Sharif family members' names in Exit Control List (ECL) means that the decision has been made somewhere else and is not taken by the Interior Ministry's committee. N
Published 17 Mar, 2018 12:00am
TDP quits Modi's coalition

TDP quits Modi's coalition

An Indian political party that governs a southern state quit Prime Minister Narendra Modi's coalition on Friday blaming it for a lack of financial support, officials said, in a blow to the coalition ahead of national elections next year. The Telugu Desam
Published 17 Mar, 2018 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 17 Mar, 2018 12:00am
TDP quits Modi's coalition

TDP quits Modi's coalition

An Indian political party that governs a southern state quit Prime Minister Narendra Modi's coalition on Friday blaming it for a lack of financial support, officials said, in a blow to the coalition ahead of national elections next year. The Telugu Desam
Published 17 Mar, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 17 Mar, 2018 12:00am
Trump planning new tariff crackdown on China

Trump planning new tariff crackdown on China

US President Donald Trump is mulling fresh tariffs on billions of dollars in Chinese imports, aiming in particular at the tech and telecommunications sector, according to media reports. Trade war fears sent US stocks diving on Wednesday, with the Dow Jone
Published 17 Mar, 2018 12:00am
Trump planning new tariff crackdown on China

Trump planning new tariff crackdown on China

US President Donald Trump is mulling fresh tariffs on billions of dollars in Chinese imports, aiming in particular at the tech and telecommunications sector, according to media reports. Trade war fears sent US stocks diving on Wednesday, with the Dow Jone
Published 17 Mar, 2018 12:00am
Trump planning new tariff crackdown on China

Trump planning new tariff crackdown on China

US President Donald Trump is mulling fresh tariffs on billions of dollars in Chinese imports, aiming in particular at the tech and telecommunications sector, according to media reports. Trade war fears sent US stocks diving on Wednesday, with the Dow Jone
Published 17 Mar, 2018 12:00am
Air Marshal Mujahid designated as new Chief of Air Staff

Air Marshal Mujahid designated as new Chief of Air Staff

The government of Pakistan has designated Air Marshal Mujahid Anwar Khan as new Chief of The Air Staff, Pakistan Air Force (PAF) with effect from 19 March, 2018, said a statement issued here by media affairs directorate of PAF on Friday. Born on 23rd Dece
Published 17 Mar, 2018 12:00am
Air Marshal Mujahid designated as new Chief of Air Staff

Air Marshal Mujahid designated as new Chief of Air Staff

The government of Pakistan has designated Air Marshal Mujahid Anwar Khan as new Chief of The Air Staff, Pakistan Air Force (PAF) with effect from 19 March, 2018, said a statement issued here by media affairs directorate of PAF on Friday. Born on 23rd Dece
Published 17 Mar, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (March 16, 2018).

Published 17 Mar, 2018 12:00am
Daler Mehndi convicted of trafficking jobseekers to America

Daler Mehndi convicted of trafficking jobseekers to America

A popular Indian pop singer was convicted of human trafficking and cheating Friday by a court that found he took money to pretend people were in his performance troupe so they could get jobs in North America. Daler Mehndi said he is innocent. The court in
Published 17 Mar, 2018 12:00am
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