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Archive - 2018-04-14
French rail strikes ease as Macron vows he won't back down

French rail strikes ease as Macron vows he won't back down

French travellers on Friday faced a third wave of rolling train strikes which appeared to be easing off despite determination from rail union leaders to oppose President Emmanuel Macron's reform plans. Train drivers and other staff launched the first stri
Published 14 Apr, 2018 12:00am
China new loans rebound to 1.12 trillion yuan

China new loans rebound to 1.12 trillion yuan

Chinese banks doled out more loans in March and appeared to make solid progress in reining in off-balance sheet lending that has prompted a sweeping crackdown by regulators looking to reduce systemic financial risks. The money and lending figures, along w
Published 14 Apr, 2018 12:00am
London Stock Exchange picks Goldman banker as CEO
Exchange

London Stock Exchange picks Goldman banker as CEO

The London Stock Exchange Group announced Friday that it has picked Goldman Sachs banker David Schwimmer as the company's new chief executive. American Schwimmer, 49, will start on August 1 after a 20-year career with US banking giant Goldman Sachs, the L
Published 14 Apr, 2018 12:00am
London Stock Exchange picks Goldman banker as CEO
Exchange

London Stock Exchange picks Goldman banker as CEO

The London Stock Exchange Group announced Friday that it has picked Goldman Sachs banker David Schwimmer as the company's new chief executive. American Schwimmer, 49, will start on August 1 after a 20-year career with US banking giant Goldman Sachs, the L
Published 14 Apr, 2018 12:00am
US banks eyeing trade spat as earnings rise
Currency

US banks eyeing trade spat as earnings rise

Large US banks reported increased first-quarter earnings Friday on higher interest rates and lower taxes, but cautioned that a trade war could stymie activity. JPMorgan Chase, Citigroup and Wells Fargo all reported better-than-expected profits, although W
Published 14 Apr, 2018 12:00am
Qatar raises record $12 billion in first bond sale since 2016

Qatar raises record $12 billion in first bond sale since 2016

Qatar raised $12 billion (9 billion euros) in its first dollar bond sale in two years and it is the biggest dollar bond from an emerging-market nation this year, according to Bloomberg. Thursday's sale eclipsed Saudi Arabia's $11 billion bond issued earli
Published 14 Apr, 2018 12:00am
Qatar raises record $12 billion in first bond sale since 2016

Qatar raises record $12 billion in first bond sale since 2016

Qatar raised $12 billion (9 billion euros) in its first dollar bond sale in two years and it is the biggest dollar bond from an emerging-market nation this year, according to Bloomberg. Thursday's sale eclipsed Saudi Arabia's $11 billion bond issued earli
Published 14 Apr, 2018 12:00am
Zimbabwe to sell shares in state-owned firms as part of reforms
Exchange

Zimbabwe to sell shares in state-owned firms as part of reforms

Zimbabwe is lookibng to sell shares in 35 state-owned firms, including telecoms and mining entities in the latest step to revive the economy under new political leadership, Finance Minister Patrick Chinamasa said on Friday. President Emmerson Mnangagwa, w
Published 14 Apr, 2018 12:00am
Zimbabwe to sell shares in state-owned firms as part of reforms
Exchange

Zimbabwe to sell shares in state-owned firms as part of reforms

Zimbabwe is lookibng to sell shares in 35 state-owned firms, including telecoms and mining entities in the latest step to revive the economy under new political leadership, Finance Minister Patrick Chinamasa said on Friday. President Emmerson Mnangagwa, w
Published 14 Apr, 2018 12:00am
Chinese iron ore retreats amid worries over steel margins
Exchange

Chinese iron ore retreats amid worries over steel margins

Iron ore futures in China shook off early gains to end lower on Wednesday, reflecting worries over slipping steel margins this year amid leaner demand in the world's top consumer. A seasonal pickup in China's construction activity that usually occurs in A
Published 14 Apr, 2018 12:00am
Cotton prices firm on strong demand
Cotton

Cotton prices firm on strong demand

Cotton prices maintained a firm outlook on the cotton market on Friday due to renewed buying by mills and spinners, dealers said. The official spot rate was unmoved at Rs 7500, they added. In both Sindh and Punjab, seed cotton prices were at Rs 2800-3100,
Published 14 Apr, 2018 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 100,116 tonnes of cargo comprising 61,925 tonnes of import cargo and 38,191 tonnes of export cargo including 4,773 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 14 Apr, 2018 12:00am
Iran seeks to buy 30,000 tonnes of soyaoil

Iran seeks to buy 30,000 tonnes of soyaoil

Iran's state purchasing agency GTC is believed to have made no purchase in an international tender for up to 30,000 tonnes of soyaoil that closed on Tuesday, European traders said on Wednesday.
Published 14 Apr, 2018 12:00am
China's soyameal futures jump to record high
Exchange

China's soyameal futures jump to record high

China's soyameal futures jumped nearly 6 percent to record highs on Monday after China warned last week it would slap a 25 percent tariff on soyabean imports from the United States.
Published 14 Apr, 2018 12:00am
Canadian canola futures lower

Canadian canola futures lower

ICE Canadian canola futures closed lower on Wednesday on a mix of profit-taking after this week's multi-month highs and slowing demand from oilseed processors as crush margins declined, traders said.
Published 14 Apr, 2018 12:00am
Asian naphtha hits two-week low

Asian naphtha hits two-week low

Asia's naphtha crack for front-month second-half May on Wednesday hit a two-week low of $82.33 a tonne, dragged down by firm Brent crude at above $70 a barrel and weak gasoline fundamentals.
Published 14 Apr, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,396. The traded value of Metals, Energy and COTS/FX was recorded at 4.989 billion and the number of lots traded was 7,924.
Published 14 Apr, 2018 12:00am
Teaching teachers to teach

Teaching teachers to teach

There is no point attending the class; this subject is so boring and useless; what I have learned in this course has changed my life; It is a one hour class but it seems like it is an unending agony; I wish this semester would not end because then I will
Published 14 Apr, 2018 12:00am
Learning computer programming, with no teachers and no tuition

Learning computer programming, with no teachers and no tuition

Aspiring software engineers Kevin Yook and Becky Chen are hunched over a computer screen, fervently discussing lines of code indecipherable to the average person. The pair of twenty-somethings are students at the Holberton School in San Francisco, founded
Published 14 Apr, 2018 12:00am
Programming: a highly sought talent in Silicon Valley

Programming: a highly sought talent in Silicon Valley

Computer engineers are in high demand, with companies shelling out huge salaries for the best talent - especially in California's Silicon Valley.Talent shortage According to nonprofit organization code.org, which works to increase representation in comput
Published 14 Apr, 2018 12:00am
At the center of our galaxy, there's a black hole party

At the center of our galaxy, there's a black hole party

Black holes are hanging out at the center of our galaxy by the thousands, according to scientists who have detected a bunch of them in the neighborhood of a supermassive black hole already known to reside at the heart of the Milky Way. Researchers said da
Published 14 Apr, 2018 12:00am
ART FACTS: Perspicuous recollection

ART FACTS: Perspicuous recollection

Muhammad Muzammil Khan tried to recapture and preserve his life experiences in his current series of paintings in a solo show titled "Lyari Expressway" at Sanat Gallery, Karachi. While going through his paintings I observed that he shared his feelings thr
Published 14 Apr, 2018 12:00am
Imbued with traditional palette

Imbued with traditional palette

For about three decades artist Najmi Sura has been exploring and experimenting miniature painting, giving it a contemporary touch. Throughout her artistic career she painted for her own pleasure there was no motive for conveying any message to the viewers
Published 14 Apr, 2018 12:00am
'Social jetlag' linked to lower grades

'Social jetlag' linked to lower grades

When work, school and other scheduled activities are out of sync with a person's body clock, "social jetlag" results and diminishes performance, researchers say. The study team used a university computer system to follow nearly 15,000 students' daily rhyt
Published 14 Apr, 2018 12:00am
Faced with global warming, aviation aims to turn green

Faced with global warming, aviation aims to turn green

Will we someday be able to fly without the guilt of causing environmental damage? A handful of firms and regulators hope that the electric revolution in cars will also take to the skies, helping the industry cope with an expected boom in travel and reduce
Published 14 Apr, 2018 12:00am
Smartphone app might offer new way to measure blood flow

Smartphone app might offer new way to measure blood flow

An experimental smartphone app might be an effective alternative to a traditional method of assessing circulation in people who need surgery to restore normal blood flow to the heart, a small study suggests. Before these heart procedures, surgeons must kn
Published 14 Apr, 2018 12:00am
Arctic jazz: bowhead whales have amazingly diverse songbook

Arctic jazz: bowhead whales have amazingly diverse songbook

Bowhead whales, the black filter-feeding giants of the Arctic that can live for 200 years devouring tons of tiny marine creatures, boast another remarkable quality. Their unique underwater songs make them wonderful "jazz" artists. Researchers last Tuesday
Published 14 Apr, 2018 12:00am
Light-hearted Queen Elizabeth jokes in her garden in new TV show

Light-hearted Queen Elizabeth jokes in her garden in new TV show

Wearing a floral dress and no hat, Queen Elizabeth strolls in dappled sunlight through the garden at Buckingham Palace with an old acquaintance, making quips and even mentioning the prospect of her own demise in a light-hearted way. The scene, filmed last
Published 14 Apr, 2018 12:00am
Pop, country singers reimagine Elton John hits on two new albums

Pop, country singers reimagine Elton John hits on two new albums

More than two dozen Elton John songs have been reinterpreted by the likes of Miley Cyrus, Coldplay, Ed Sheeran, Lady Gaga and Willie Nelson on two albums of past hits released last Friday. The pop-focused "Revamp" and country-inspired "Restoration" highli
Published 14 Apr, 2018 12:00am
Saudi Arabia's first new cinema in decades to open April 18

Saudi Arabia's first new cinema in decades to open April 18

Saudi Arabia's first cinema in more than 35 years will open on April 18 in Riyadh, the capital, the authorities said on Wednesday after agreeing with AMC Entertainment Holdings to open up to 40 theatres over the next five years. Movie theatres will not be
Published 14 Apr, 2018 12:00am
BRIDGE NOTES: Knowing the basics in Bridge

BRIDGE NOTES: Knowing the basics in Bridge

Bridge can be a very simple proposition provided you are geared enough in the basics to pick the inferential clues for making the right and winning moves in the fulfilment of your contract. For the lazy player it would be taxing but for the seriously focu
Published 14 Apr, 2018 12:00am
Hollywood honors Lynda Carter, who played Wonder Woman in 1970s

Hollywood honors Lynda Carter, who played Wonder Woman in 1970s

Actress Lynda Carter, who played superhero Wonder Woman in the 1970s, was honored with a star on the Hollywood Walk of Fame last Tuesday. "It will be here forever, and maybe it needs to say Wonder Woman, or maybe not, we'll see. Hopefully this character a
Published 14 Apr, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

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

New York cotton

The following were the fluctuations observed during the day:

Published 14 Apr, 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 Apr, 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 Apr, 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 (April 13, 2018).

Published 14 Apr, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (April 13, 2018).
Published 14 Apr, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (April 13, 2018).

Published 14 Apr, 2018 12:00am
Gulf crisis spills into Somalia as tensions with UAE soar

Gulf crisis spills into Somalia as tensions with UAE soar

Tensions between Somalia and the United Arab Emirates ratcheted up this week as Mogadishu ditched a military deal with its ally and seized millions of dollars in cash from an Emirati plane. The escalation came after months of building friction in Somalia
Published 14 Apr, 2018 12:00am
Gulf crisis spills into Somalia as tensions with UAE soar

Gulf crisis spills into Somalia as tensions with UAE soar

Tensions between Somalia and the United Arab Emirates ratcheted up this week as Mogadishu ditched a military deal with its ally and seized millions of dollars in cash from an Emirati plane. The escalation came after months of building friction in Somalia
Published 14 Apr, 2018 12:00am
Disqualification under Article 62(1)(f) is for life: SC

Disqualification under Article 62(1)(f) is for life: SC

The top court in a landmark judgement on Friday ruled that disqualification handed down under Article 62 (1)(f) of the Constitution is for life. In view of the judgement, former Prime Minister Nawaz Sharif, ex-General Secretary Pakistan Tehreek-e-Insaf Ja
Published 14 Apr, 2018 12:00am
Disqualification under Article 62(1)(f) is for life: SC

Disqualification under Article 62(1)(f) is for life: SC

The top court in a landmark judgement on Friday ruled that disqualification handed down under Article 62 (1)(f) of the Constitution is for life. In view of the judgement, former Prime Minister Nawaz Sharif, ex-General Secretary Pakistan Tehreek-e-Insaf Ja
Published 14 Apr, 2018 12:00am
Nawaz himself supported Article 62: Khursheed

Nawaz himself supported Article 62: Khursheed

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah has said that former Prime Minister Nawaz Sharif has fallen victim to his own obdurance as he had not accepted a request of Pakistan Peoples Party (PPP) to repeal the Article 62 durin
Published 14 Apr, 2018 12:00am
Nawaz himself supported Article 62: Khursheed

Nawaz himself supported Article 62: Khursheed

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah has said that former Prime Minister Nawaz Sharif has fallen victim to his own obdurance as he had not accepted a request of Pakistan Peoples Party (PPP) to repeal the Article 62 durin
Published 14 Apr, 2018 12:00am
JUI-F, PkMAP oppose: Senate adopts Fata Bill

JUI-F, PkMAP oppose: Senate adopts Fata Bill

The Senate on Friday passed 'the Supreme Court and Peshawar High Court (Extension of Jurisdiction to Federally Administered Tribal Areas) Bill, 2018,' which was sent to the President for making into law after Senate Chairman Sadiq Sanjrani signed it as hi
Published 14 Apr, 2018 12:00am
JUI-F, PkMAP oppose: Senate adopts Fata Bill

JUI-F, PkMAP oppose: Senate adopts Fata Bill

The Senate on Friday passed 'the Supreme Court and Peshawar High Court (Extension of Jurisdiction to Federally Administered Tribal Areas) Bill, 2018,' which was sent to the President for making into law after Senate Chairman Sadiq Sanjrani signed it as hi
Published 14 Apr, 2018 12:00am
Verdict is vindictive: Nawaz

Verdict is vindictive: Nawaz

Terming the judgement of the Supreme Court declaring disqualification of a lawmaker under Article 62(1) (f) of the Constitution as lifetime, former prime minister Nawaz Sharif said, "It was expected and vengeful but no one can snatch people's leader from
Published 14 Apr, 2018 12:00am
Verdict is vindictive: Nawaz

Verdict is vindictive: Nawaz

Terming the judgement of the Supreme Court declaring disqualification of a lawmaker under Article 62(1) (f) of the Constitution as lifetime, former prime minister Nawaz Sharif said, "It was expected and vengeful but no one can snatch people's leader from
Published 14 Apr, 2018 12:00am
It's 'not applicable' in my case: Tareen

It's 'not applicable' in my case: Tareen

Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Khan Tareen, who was disqualified on December 15 last year by the Supreme Court under Article 62 (1)(f) of the Constitution, said that the apex court's Friday ruling on lifetime disqualification is "not appli
Published 14 Apr, 2018 12:00am
It's 'not applicable' in my case: Tareen

It's 'not applicable' in my case: Tareen

Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Khan Tareen, who was disqualified on December 15 last year by the Supreme Court under Article 62 (1)(f) of the Constitution, said that the apex court's Friday ruling on lifetime disqualification is "not appli
Published 14 Apr, 2018 12:00am
Divergent views on Amnesty's future
Exchange

Divergent views on Amnesty's future

If the recently announced tax amnesty scheme generates $4-5 billion, that will be enough to reduce the government reliance on foreign borrowing, boost foreign exchange reserves as well as create space for reforms. This was stated by former finance ministe
Published 14 Apr, 2018 12:00am
Divergent views on Amnesty's future
Exchange

Divergent views on Amnesty's future

If the recently announced tax amnesty scheme generates $4-5 billion, that will be enough to reduce the government reliance on foreign borrowing, boost foreign exchange reserves as well as create space for reforms. This was stated by former finance ministe
Published 14 Apr, 2018 12:00am
US, China talking on trade frictions, says OECD boss

US, China talking on trade frictions, says OECD boss

The United States and China are negotiating behind the scenes to ease trade tensions, the head of the OECD said Friday, stressing that "nobody wins" in a high-level trade war. Angel Gurria said Chinese officials had told him this week that they were talki
Published 14 Apr, 2018 12:00am
US, China talking on trade frictions, says OECD boss

US, China talking on trade frictions, says OECD boss

The United States and China are negotiating behind the scenes to ease trade tensions, the head of the OECD said Friday, stressing that "nobody wins" in a high-level trade war. Angel Gurria said Chinese officials had told him this week that they were talki
Published 14 Apr, 2018 12:00am
US, China talking on trade frictions, says OECD boss

US, China talking on trade frictions, says OECD boss

The United States and China are negotiating behind the scenes to ease trade tensions, the head of the OECD said Friday, stressing that "nobody wins" in a high-level trade war. Angel Gurria said Chinese officials had told him this week that they were talki
Published 14 Apr, 2018 12:00am
BRIndex100 stays bearish
Exchange

BRIndex100 stays bearish

A bearish trend continued on Pakistan Stock Exchange due to selling by local investors. Foreign investors however remained net buyers of shares worth $4.7 million. BRIndex100 lost 41.14 points or 0.81 percent to close at 5,007.56 points Friday. BRIndex100
Published 14 Apr, 2018 12:00am
BRIndex100 stays bearish
Exchange

BRIndex100 stays bearish

A bearish trend continued on Pakistan Stock Exchange due to selling by local investors. Foreign investors however remained net buyers of shares worth $4.7 million. BRIndex100 lost 41.14 points or 0.81 percent to close at 5,007.56 points Friday. BRIndex100
Published 14 Apr, 2018 12:00am
BRIndex100 stays bearish
Exchange

BRIndex100 stays bearish

A bearish trend continued on Pakistan Stock Exchange due to selling by local investors. Foreign investors however remained net buyers of shares worth $4.7 million. BRIndex100 lost 41.14 points or 0.81 percent to close at 5,007.56 points Friday. BRIndex100
Published 14 Apr, 2018 12:00am
Indian lawmaker held over rape as protests mount

Indian lawmaker held over rape as protests mount

A lawmaker from India's ruling party was arrested on Friday in connection with the rape of a teenager, police said, after days of protests by activists accusing authorities of failing to investigate the case and other attacks. Campaign groups called more
Published 14 Apr, 2018 12:00am
Indian lawmaker held over rape as protests mount

Indian lawmaker held over rape as protests mount

A lawmaker from India's ruling party was arrested on Friday in connection with the rape of a teenager, police said, after days of protests by activists accusing authorities of failing to investigate the case and other attacks. Campaign groups called more
Published 14 Apr, 2018 12:00am
Two loan agreements for Punjab signed with ADB

Two loan agreements for Punjab signed with ADB

Government of Pakistan(GoP) and Asian Development Bank (ADB) on Friday signed two loan agreements including the one for Jalalpur Irrigation Project amounting to $ 274.63 million; and enhancing Public Private Partnership (PPP) investments in Punjab amounti
Published 14 Apr, 2018 12:00am
Two loan agreements for Punjab signed with ADB

Two loan agreements for Punjab signed with ADB

Government of Pakistan(GoP) and Asian Development Bank (ADB) on Friday signed two loan agreements including the one for Jalalpur Irrigation Project amounting to $ 274.63 million; and enhancing Public Private Partnership (PPP) investments in Punjab amounti
Published 14 Apr, 2018 12:00am
Russia says has 'proof' Britain was behind alleged Syria chemical attack

Russia says has 'proof' Britain was behind alleged Syria chemical attack

The Russian military on Friday said it had proof that an alleged chemical weapons attack in Syria's Eastern Ghouta was staged on orders from London. Russian defence ministry spokesman Igor Konashenkov said the military had "proof that testifies to the dir
Published 14 Apr, 2018 12:00am
Russia says has 'proof' Britain was behind alleged Syria chemical attack

Russia says has 'proof' Britain was behind alleged Syria chemical attack

The Russian military on Friday said it had proof that an alleged chemical weapons attack in Syria's Eastern Ghouta was staged on orders from London. Russian defence ministry spokesman Igor Konashenkov said the military had "proof that testifies to the dir
Published 14 Apr, 2018 12:00am
Economic corridor: Cabinet gets exhaustive Briefing
Exchange

Economic corridor: Cabinet gets exhaustive Briefing

The federal cabinet has directed the State Bank of Pakistan (SBP) to reflect Chinese FDI appropriately in books as the official figures indicate only $ 2 billion FDI during the last two and half years, well-informed sources told Business Recorder.
Published 14 Apr, 2018 12:00am
Economic corridor: Cabinet gets exhaustive Briefing
Exchange

Economic corridor: Cabinet gets exhaustive Briefing

The federal cabinet has directed the State Bank of Pakistan (SBP) to reflect Chinese FDI appropriately in books as the official figures indicate only $ 2 billion FDI during the last two and half years, well-informed sources told Business Recorder.
Published 14 Apr, 2018 12:00am
Economic corridor: Cabinet gets exhaustive Briefing
Exchange

Economic corridor: Cabinet gets exhaustive Briefing

The federal cabinet has directed the State Bank of Pakistan (SBP) to reflect Chinese FDI appropriately in books as the official figures indicate only $ 2 billion FDI during the last two and half years, well-informed sources told Business Recorder.
Published 14 Apr, 2018 12:00am
NAB Ord case: LHC issues notices to law ministry

NAB Ord case: LHC issues notices to law ministry

The Lahore High Court on Friday issued notices to ministry of law for May 7 in a petition challenging the National Accountability Ordinance 1999 being ultra vires to the Constitution. Earlier, the petitioner's counsel A K Dogar argued that the impugned or
Published 14 Apr, 2018 12:00am
NAB Ord case: LHC issues notices to law ministry

NAB Ord case: LHC issues notices to law ministry

The Lahore High Court on Friday issued notices to ministry of law for May 7 in a petition challenging the National Accountability Ordinance 1999 being ultra vires to the Constitution. Earlier, the petitioner's counsel A K Dogar argued that the impugned or
Published 14 Apr, 2018 12:00am
More delays in GE power plants a worry for PML-N

More delays in GE power plants a worry for PML-N

A pledge by ruling party, PML-N to end electricity outages ahead of a general election in mid-2018 is being undermined by the possibility of further delays in new power plants that run on General Electric's flagship gas turbines. State-owned gas company P
Published 14 Apr, 2018 12:00am
More delays in GE power plants a worry for PML-N

More delays in GE power plants a worry for PML-N

A pledge by ruling party, PML-N to end electricity outages ahead of a general election in mid-2018 is being undermined by the possibility of further delays in new power plants that run on General Electric's flagship gas turbines. State-owned gas company P
Published 14 Apr, 2018 12:00am
More delays in GE power plants a worry for PML-N

More delays in GE power plants a worry for PML-N

A pledge by ruling party, PML-N to end electricity outages ahead of a general election in mid-2018 is being undermined by the possibility of further delays in new power plants that run on General Electric''s flagship gas turbines. State-owned gas company
Published 14 Apr, 2018 12:00am
Turkey orders life jail for 21 suspects over 1997 government ousting

Turkey orders life jail for 21 suspects over 1997 government ousting

A Turkish court on Friday handed life sentences to 21 suspects, including a former head of the armed forces, after an almost half decade trial over the military's ousting in 1997 of the former Islamist-rooted government. A memorandum issued after the Febr
Published 14 Apr, 2018 12:00am
Turkey orders life jail for 21 suspects over 1997 government ousting

Turkey orders life jail for 21 suspects over 1997 government ousting

A Turkish court on Friday handed life sentences to 21 suspects, including a former head of the armed forces, after an almost half decade trial over the military's ousting in 1997 of the former Islamist-rooted government. A memorandum issued after the Febr
Published 14 Apr, 2018 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 14 Apr, 2018 12:00am
World shipping industry agrees to halve carbon emissions by 2050

World shipping industry agrees to halve carbon emissions by 2050

Members of the UN International Maritime Organisation on Friday struck a deal to halve carbon dioxide emissions from shipping by 2050 in a deal that will force the industry to redesign fleets. "The initial strategy envisages for the first time a reduction
Published 14 Apr, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 14 Apr, 2018 12:00am
World shipping industry agrees to halve carbon emissions by 2050

World shipping industry agrees to halve carbon emissions by 2050

Members of the UN International Maritime Organisation on Friday struck a deal to halve carbon dioxide emissions from shipping by 2050 in a deal that will force the industry to redesign fleets. "The initial strategy envisages for the first time a reduction
Published 14 Apr, 2018 12:00am
World shipping industry agrees to halve carbon emissions by 2050

World shipping industry agrees to halve carbon emissions by 2050

Members of the UN International Maritime Organisation on Friday struck a deal to halve carbon dioxide emissions from shipping by 2050 in a deal that will force the industry to redesign fleets. "The initial strategy envisages for the first time a reduction
Published 14 Apr, 2018 12:00am
Israel in 'direct combat' with Iran after Syria raid: Hezbollah

Israel in 'direct combat' with Iran after Syria raid: Hezbollah

Israel's strike on a Syrian airbase this week has put it in direct confrontation with regional foe Iran, the head of Lebanon's Tehran-backed Hezbollah movement said on Friday. "The Israelis committed a historic mistake... and put themselves in direct comb
Published 14 Apr, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (April 13, 2018).

Published 14 Apr, 2018 12:00am
Israel in 'direct combat' with Iran after Syria raid: Hezbollah

Israel in 'direct combat' with Iran after Syria raid: Hezbollah

Israel's strike on a Syrian airbase this week has put it in direct confrontation with regional foe Iran, the head of Lebanon's Tehran-backed Hezbollah movement said on Friday. "The Israelis committed a historic mistake... and put themselves in direct comb
Published 14 Apr, 2018 12:00am
Nobel literature academy gets new head after sex assault claims

Nobel literature academy gets new head after sex assault claims

The Swedish Academy, which awards the Nobel Literature Prize, appointed a new head Friday after a crippling crisis triggered by allegations of sexual assault against the husband of one of its members. Anders Olsson, a 69-year-old writer and literature pro
Published 14 Apr, 2018 12:00am
Constitution Day reflections

Constitution Day reflections

April 10 is marked for some years now as Constitution Day in commemoration of the adoption of the 1973 Constitution on that day 45 years ago. The Senate held a discussion on the issue on the day. The Senators voiced the opinion that unity amongst the poli
Published 14 Apr, 2018 12:00am
Mainstreaming of Fata is failing to persist

Mainstreaming of Fata is failing to persist

The process of handing over control of the tribal areas to civilian authorities has started, paving the way for consolidation of the achievements of military operations against Taliban terrorists. In the first phase on Tuesday, the military transferred th
Published 14 Apr, 2018 12:00am
THE RUPEE: loses further grounds
Currency

THE RUPEE: loses further grounds

As easier trend persisted on the money market on Friday as the rupee shed more grounds against the dollar in process of trading, money experts said. The rupee held the overnight levels in terms of the dollar for buying and selling at Rs 115.60 and Rs 115.
Published 14 Apr, 2018 12:00am
Growth at risk
Exchange

Growth at risk

The good news that though the projected figures differ, all outlooks on Pakistan's economy project a 12-year high growth rate. This is a marked achievement since 2008 when Pakistan's economy started sliding from an all time high of 7.5 percent and struggl
Published 14 Apr, 2018 12:00am
THE RUPEE: loses further grounds
Currency

THE RUPEE: loses further grounds

As easier trend persisted on the money market on Friday as the rupee shed more grounds against the dollar in process of trading, money experts said. The rupee held the overnight levels in terms of the dollar for buying and selling at Rs 115.60 and Rs 115.
Published 14 Apr, 2018 12:00am
Trade war backfire: Steel tariff shrapnel hits US farmers

Trade war backfire: Steel tariff shrapnel hits US farmers

Lucas Strom, who runs a century-old family farm in rural Illinois, canceled an order to buy a new $71,000 grain storage bin last month - after the seller raised the price 5 percent in a day. The reason: steel prices jumped right after US President Donald
Published 14 Apr, 2018 12:00am
War-weary Syrians merely shrug at Trump's military threats

War-weary Syrians merely shrug at Trump's military threats

For Reem, impending US-led military action against her country is unlikely to affect the flow of life in the Syrian capital. "For the past few months, we have slept amid the sounds of bombs during fighting in nearby Eastern Ghouta," says the Damascus resi
Published 14 Apr, 2018 12:00am
CPEC a win-win

CPEC a win-win

Successful implementation of the China Pakistan Economic Corridor will be a win-win for both Pakistan and China. From Pakistan's perspective, the inflows of massive foreign capital and expertise will immensely help develop its battered infrastructure and
Published 14 Apr, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 13, 2018).

Published 14 Apr, 2018 12:00am
SC verdict unleashes a new era of Nawaz's politics, says Marriyum

SC verdict unleashes a new era of Nawaz's politics, says Marriyum

Minister of state for Information, Broadcasting, National History and Literary Heritage Marriyum Aurangzeb talking to the media here Friday said that the SC verdict of disqualification for life under Article 62(1) f of the Constitution had unleashed a new
Published 14 Apr, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 13, 2018).

Published 14 Apr, 2018 12:00am
Pakistan, Vietnam discuss bilateral issues
Exchange

Pakistan, Vietnam discuss bilateral issues

The 2nd Round of the Pakistan-Vietnam Bilateral Political Consultations was held in Islamabad on Friday. The Pakistan side was led by Foreign Secretary Tehmina Janjua and the Vietnamese delegation was led by the Deputy Foreign Minister Dang Dinh Quy, said
Published 14 Apr, 2018 12:00am
PFA seals 11 meat selling points

PFA seals 11 meat selling points

Punjab Food Authority (PFA) on Friday conducted surprise checking of 97 meat selling points of the provincial metropolis and sealed eleven out of them on the charges selling substandard meat.
Published 14 Apr, 2018 12:00am
Sattar's removal as convener: IHC maintains stay against ECP decision

Sattar's removal as convener: IHC maintains stay against ECP decision

The Islamabad High Court (IHC) Friday maintained its stay orders against the Election Commission of Pakistan's decision to remove Farooq Sattar as the convener of the Muttahida Qaumi Movement-Pakistan (MQM-P). A single bench of the IHC comprising Justice
Published 14 Apr, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (April 13, 2018)

Published 14 Apr, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (April 13, 2018).

Published 14 Apr, 2018 12:00am
Parliament can add or delete anything in Constitution: Qamar

Parliament can add or delete anything in Constitution: Qamar

Pakistan Peoples Party's (PPP) lawmaker Syed Naveed Qamar Friday said it is the sole right of the Parliament to decide whether or not it wants to include any length of disqualification for legislators in the Article 62 of the Constitution.
Published 14 Apr, 2018 12:00am
ARL arranges blood donation camp

ARL arranges blood donation camp

Attock Refinery Limited (ARL) being a socially responsible organization arranged a blood donation camp in collaboration with Attock Hospital Limited (AHL) and Armed Forces Institute of Transfusion (AFIT) at Morgah, Rawalpindi, said a press release issued
Published 14 Apr, 2018 12:00am
RB presents diarrhoea reduction programme

RB presents diarrhoea reduction programme

Reckitt Benckiser (RB) was invited to share their signature program on diarrhoea reduction, 'Safai Nama', at the South Asian Conference on Sanitation (SACOSAN). RB Pakistan's Safai Nama under their global "Save a Child Every Minute" campaign aims to reduc
Published 14 Apr, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (April 13, 2018).

Published 14 Apr, 2018 12:00am
Nawaz's life-time disqualification was expected: survey

Nawaz's life-time disqualification was expected: survey

The people have expressed no surprise over the decision of the Supreme Court (SC) which declared former three times prime minister Nawaz Sharif disqualified from holding public office for life.
Published 14 Apr, 2018 12:00am
The Weather

The Weather

The weather report on Friday (April 13, 2018) and the forecast for Saturday (April 14, 2018).

Published 14 Apr, 2018 12:00am
IRSA starts filling Tarbela, Mangla dams

IRSA starts filling Tarbela, Mangla dams

The Indus River System Authority has started filling the Tarbela dam on the river Indus and Mangla dam on the river Jhelum as snow has started melting with increase of temperature in the upper mountainous regions of the country. These reservoirs had reach
Published 14 Apr, 2018 12:00am
SACOSAN 7 signs Islamabad declaration

SACOSAN 7 signs Islamabad declaration

The closing ceremony of South Asian Conference on Sanitation 7 being organized by the Ministry of Climate Change held here in the federal capital on Friday in which declaration was signed. Federal minister for Climate Change Senator Mushahidullah khan sai
Published 14 Apr, 2018 12:00am
LHC dismisses petition

LHC dismisses petition

The Lahore High Court on Friday dismissed petition of a lawyer seeking direction for removal of former president and army chief Gen Pervez Musharraf (retd) as head of All Pakistan Muslim League (APML) a political party. The petitioner Muhammad Afaq submit
Published 14 Apr, 2018 12:00am
French government to award scholarships to Pakistani scholars
Exchange

French government to award scholarships to Pakistani scholars

Ambassador of France in Pakistan Marc Barety has said that Pakistan and France will further improve relations by exploring more areas of collaboration and cooperation in fields of research and education. "The French government will award scholarships to P
Published 14 Apr, 2018 12:00am
KP NAB approves inquiries against PDA, GDA officials, others

KP NAB approves inquiries against PDA, GDA officials, others

A Regional Board Meeting (RBM) of National Accountability Bureau (NAB) Khyber Pakhtunkhwa held here with Director General (DG) NAB KP Farmanullah Khan in the chair. The meeting was attended by Directors, Deputy Prosecutor General (DPGA), Case Officers, an
Published 14 Apr, 2018 12:00am
Family of man killed by US diplomat's car holds rally

Family of man killed by US diplomat's car holds rally

Family members of a young Pakistani man killed by a United States diplomat in a road accident rallied in Islamabad on Friday, asking the government to ensure that justice is done.
Published 14 Apr, 2018 12:00am
Fate of politicians should be decided by people: Bilawal

Fate of politicians should be decided by people: Bilawal

Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari on Friday said the fate of politicians should be decided by the people of Pakistan. "I am of the belief that it's the people of Pakistan who should make such decisions about the fate of politic
Published 14 Apr, 2018 12:00am
PIA privatisation: Lodhi hails Supreme Court's notice

PIA privatisation: Lodhi hails Supreme Court's notice

Pakistan Awami Tehreek-e-Inqilab (PATI) Chairman Professor Aftab Lodhi has welcomed the Supreme Court's notice on PIA's privatization. Talking to journalists, Professor Aftab Lodhi said that the national flag carrier PIA and Steel Mills were being sold ou
Published 14 Apr, 2018 12:00am
Pakistan, China enjoy everlasting friendly relations: Mamnoon
Exchange

Pakistan, China enjoy everlasting friendly relations: Mamnoon

President Mamnoon Hussain on Friday said Pakistan and China had everlasting friendly relations, which were also the basis of the country's foreign policy. The president said this while talking to Lieutenant General Ding Laihang, Commander People's Liberat
Published 14 Apr, 2018 12:00am
Balochistan CM announces three months remission for women prisoners

Balochistan CM announces three months remission for women prisoners

Balochistan Chief Minister Mir Abdul Quddus Bizenjo announced remission of three months for women prisoners on Friday. He said this while talking to media persons during visiting Quetta district Jail and Police Station. Provincial Ministers for Home Mir S
Published 14 Apr, 2018 12:00am
JI to observe strike on April 27 against load-shedding in Karachi

JI to observe strike on April 27 against load-shedding in Karachi

Jamaat-e-Islami (JI) Karachi on Friday announced to hold a strike in the city against the excessive electricity load shedding and billings on April 27. At a stationary protest, JI Karachi Chief, Hafiz Naeem-ur-Rehman said that his party workers will lay a
Published 14 Apr, 2018 12:00am
'IMU helps improve KP's education system'

'IMU helps improve KP's education system'

The Independent Monitoring Unit (IMU) of Khyber Pakhtunkhwa has improved transparency and accountability in the education system by regular monitoring and collection of data on various other schemes. The IMU monitors a number of indicators rather than onl
Published 14 Apr, 2018 12:00am
Kahoon valley turning into next Tharparkar

Kahoon valley turning into next Tharparkar

Kahoon valley, which was once known as the most scenic place of Punjab, is now turning into the next Tharparkar at a rapid pace as the underground water level is depleting at the rate of 50 feet per annum due to heavy turbines of some cement factories and
Published 14 Apr, 2018 12:00am
Customs value of ceramic/porcelain sanitary wares revised

Customs value of ceramic/porcelain sanitary wares revised

Directorate General Customs Valuation (DGCV) has revised the customs values of ceramic/porcelain sanitary wares under section 25(7) of the Customs Act, 1969. According to details, the DGCV has received number of representations that sanitary porcelain/san
Published 14 Apr, 2018 12:00am
Iranian minister visits KPT to explore avenues under CPEC

Iranian minister visits KPT to explore avenues under CPEC

A 30-member high level delegation led by Federal Minister for Roads and Urbanization of Iran Abbas Akhundi visited Karachi Port Trust (KPT) on Thursday to explore avenues available under the China-Pakistan Economic Corridor (CPEC) regime in Pakistan.
Published 14 Apr, 2018 12:00am
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