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Archive - 2018-05-26
General elections to be held on July 25
Front Top News

General elections to be held on July 25

ISLAMABAD: Pakistan will hold general elections on July 25, a presidential spokesman said Saturday, offering the pro
Updated 26 May, 2018 08:32pm
Indian troops kill five Kashmiris in IoK
Pakistan Top News

Indian troops kill five Kashmiris in IoK

Indian forces killed at least five Kashmiris during an operation on Saturday in Indian occupied Kashmir's (IoK) Kapw
Published 26 May, 2018 07:44am
Turkish lira still volatile
Currency

Turkish lira still volatile

Turkey's lira wobbled in volatile trade on Friday, as investors attempted to gauge prospects for another increase in interest rates two days after an emergency hike by monetary authorities struggling to stabilise the currency. The central bank lifted its
Published 26 May, 2018 12:00am
Asian forex: emerging Asian currencies tentative

Asian forex: emerging Asian currencies tentative

Emerging Asian currencies were tentative on Friday as investors grappled with a range of factors, including easing oil prices, retreating US bond yields and US President Donald Trump's decision to scrap a planned summit with North Korea's leader. Khoon Go
Published 26 May, 2018 12:00am
Sri Lankan rupee steadies
Currency

Sri Lankan rupee steadies

The Sri Lankan rupee ended steady on Friday with dollar buying by a foreign bank and importers weighing on the local currency, while exporters stayed on the sidelines expecting the rupee to weaken further in line with other emerging market currencies. A p
Published 26 May, 2018 12:00am
Dollar weakens in New York as Trump nixes North Korea summit
Currency

Dollar weakens in New York as Trump nixes North Korea summit

The dollar slipped against a basket of currencies on Thursday and hit a two-week low against the Japanese yen, after US President Donald Trump scrapped a summit meeting with North Korean leader Kim Jong Un and as traders booked profits following the green
Published 26 May, 2018 12:00am
Euro falls in Europe, set for sixth week of losses
Currency

Euro falls in Europe, set for sixth week of losses

The euro weakened on Friday and is set for a sixth consecutive week of losses as rising bond yields in Italy triggered nervousness among investors, while brewing political instability in Spain also weighed on sentiment. The Swedish crown was the surprise
Published 26 May, 2018 12:00am
Yen slips in Asia
Currency

Yen slips in Asia

The yen stepped back from a two-week high against the dollar on Friday when North Korea said it was open to resolving issues with the United States after President Donald Trump called off a June summit with its leader, Kim Jong Un. Although the yen and th
Published 26 May, 2018 12:00am
Ikea recalls bikes over safety issues

Ikea recalls bikes over safety issues

Swedish home goods giant Ikea on Thursday announced a recall of its bicycles following a string of accidents caused by problems with the drive belt. "Customers that have a Sladda bicycle are urged to stop using it and to return it to any Ikea store for a
Published 26 May, 2018 12:00am
Sweeping changes for South Africa state companies

Sweeping changes for South Africa state companies

The South African government, led since February by Cyril Ramaphosa, announced Thursday sweeping changes to several state-owned companies at the centre of graft and mismanagement allegations. Ramaphosa had vowed to reform the companies as part of efforts
Published 26 May, 2018 12:00am
ECB warns against Italy's big-spending plans

ECB warns against Italy's big-spending plans

The European Central Bank said Thursday that Italy should stick to EU budget rules rather than pump up spending, warning that financial markets could punish the country's new government for recklessness. "A loosening of the fiscal stance in high-debt coun
Published 26 May, 2018 12:00am
Japan business mood improves, signals return to growth: Reuters Tankan

Japan business mood improves, signals return to growth: Reuters Tankan

Confidence among Japanese manufacturers improved in May for the first time in four months while service-sector sentiment hit a record high, the Reuters Tankan poll showed, suggesting the economy may return to growth after a first-quarter slump. The monthl
Published 26 May, 2018 12:00am
Total increases role in Russian Arctic gas projects

Total increases role in Russian Arctic gas projects

French energy group Total concluded a deal Thursday to increase its role in liquefied natural gas projects in the Arctic with Russian firm Novatek. The deal will see Total take a 10 percent direct stake in Novatek's Arctic LNG 2 project on the Gydan Penin
Published 26 May, 2018 12:00am
Mexico economy picks up in Q1

Mexico economy picks up in Q1

Mexico's economy picked up speed in the first quarter, official data showed on Wednesday, driven by robust service-sector activity and solid advances in manufacturing and agriculture. Latin America's second biggest economy grew 1.1 percent in seasonally a
Published 26 May, 2018 12:00am
French central banker sees Paris emerging as a post-Brexit markets hub

French central banker sees Paris emerging as a post-Brexit markets hub

Paris is set to become a European financial markets hub as international banks look to the French capital to base some activities after Britain's departure from the European union, the head of France's central bank said on Friday. Bank of France Governor
Published 26 May, 2018 12:00am
Czech MP slammed over cryptocurrency mining bill
Currency

Czech MP slammed over cryptocurrency mining bill

A Czech Pirate Party lawmaker found himself in trouble with parliamentary authorities over a high electricity bill racked up in his official quarters by a high-performance computer used for cryptocurrency mining and, he insists, heating, Czech media repor
Published 26 May, 2018 12:00am
Bayer's Monsanto takeover less lucrative than expected

Bayer's Monsanto takeover less lucrative than expected

German pharma and chemicals giant Bayer said Friday that savings from its hoped-for takeover of US seeds and pesticides behemoth Monsanto will be smaller than previously thought. The company expects the savings from splicing the two businesses together wi
Published 26 May, 2018 12:00am
Russia's Magnit eyes expansion at thousands of post offices: CEO

Russia's Magnit eyes expansion at thousands of post offices: CEO

Russia's second-biggest food retailer Magnit plans to expand its reach by opening shops in thousands of Russian Post offices, eyeing efficiency gains from sharing transport infrastructure, Magnit's chief executive told Reuters. Magnit announced plans to c
Published 26 May, 2018 12:00am
Pakistan pile on the agony for England in first Test

Pakistan pile on the agony for England in first Test

Pakistan again showed England how to play in their own conditions as they maintained their position dominant in the first Test at Lord's. The tourists scored 300 runs in Friday's play, going from an overnight 50 for one to 350 for eight at stumps on the s
Published 26 May, 2018 12:00am
Serena can come back and win tournaments, says Halep

Serena can come back and win tournaments, says Halep

World number one Simona Halep said on Friday that she thinks Serena Williams is still capable of challenging for titles, as the American prepares to make her Grand Slam return at the French Open. Halep, a two-time runner-up in Paris, knows that despite a
Published 26 May, 2018 12:00am
Sri Lanka scales back squad after Silva pullout

Sri Lanka scales back squad after Silva pullout

Sri Lanka's cricket board will not replace allrounder Dhananjaya de Silva who withdrew from a tour of the West Indies following the murder of his father, officials said Friday. Ranjan de Silva, a local politician, was shot dead near Colombo late Thursday,
Published 26 May, 2018 12:00am
Smith looks set for Global T20 Canada event

Smith looks set for Global T20 Canada event

Disgraced former Australia cricket captain Steve Smith appears poised to return to the game after being named Thursday among the marquee players for the inaugural Global T20 Canada event. Smith, the world's number one Test batsman - was sacked and sent ho
Published 26 May, 2018 12:00am
Liverpool mayor 'working hard' to get stranded fans to Kiev

Liverpool mayor 'working hard' to get stranded fans to Kiev

Liverpool mayor Joe Anderson said Friday he was "working really hard" to help football fans who face missing the Champions League final against Real Madrid in Kiev due to a flights fiasco. Around 1,000 fans were left stranded when operator Worldchoice Spo
Published 26 May, 2018 12:00am
Russian officials admit to 'systemic doping scheme'

Russian officials admit to 'systemic doping scheme'

Senior Russian sports officials have admitted to "some unacceptable manipulations of the anti-doping system" and the existence of a "systemic doping scheme" in a letter to international sports leaders. After the letter arrived, Craig Reedie, president of
Published 26 May, 2018 12:00am
Thailand stun China to make Uber Cup final

Thailand stun China to make Uber Cup final

Thailand's women made their first ever Uber Cup final on Friday after a stunning 3-2 upset of defending champions China. In the men's Thomas Cup semis held the same day, powerhouses Japan and China advanced to the finals. But the women's win captured the
Published 26 May, 2018 12:00am
International cricket struggles as T20 nomads chase white ball gold

International cricket struggles as T20 nomads chase white ball gold

Asian nations are clamping down on the number of Twenty20 leagues players can compete in as global cricket chiefs struggle to regulate the format's phenomenal rise. But with stars like West Indies batsman Chris Gayle and England's Ben Stokes making fortun
Published 26 May, 2018 12:00am
Oil weighs on Britain's FTSE, Kingfisher shines

Oil weighs on Britain's FTSE, Kingfisher shines

A slump in oil prices hit British majors on Friday, limiting the gains of the FTSE 100 benchmark index while Kingfisher shone after Australia's Wesfarmers said it would sell rival UK home improvement chain Homebase. The blue chip FTSE 100 ended the day up
Published 26 May, 2018 12:00am
Nigerian stocks fall to lowest level in over four months

Nigerian stocks fall to lowest level in over four months

Nigeria's main stock index fell to its lowest level in more than four months on Friday after shares in banking and consumer goods companies declined. The index which fell for the seventh straight session, recovered some ground but closed down 1 percent. S
Published 26 May, 2018 12:00am
Spanish, Italian politics jolt eurozone stock markets

Spanish, Italian politics jolt eurozone stock markets

Eurozone shares hit a roadbump on Friday as heightened risk of a snap election in Spain piled new political anxiety on investors already shaken by the new Italian government's plans to ramp up fiscal spending. Spanish and Italian stocks fell sharply, with
Published 26 May, 2018 12:00am
Nikkei ekes out gains

Nikkei ekes out gains

Japan's Nikkei edged up on Friday, supported by such large cap stocks as Tokyo Electron and Fast Retailing, but gains were limited as sentiment was soured after US President Donald Trump cancelled a summit with North Korea's leader. Defence-related stocks
Published 26 May, 2018 12:00am
Australian shares slip; New Zealand rises

Australian shares slip; New Zealand rises

Australian shares edged down on Friday, as declines in materials and energy stocks on lower commodities and oil prices outweighed gains in consumer staples and consumer discretionary stocks. The S&P/ASX 200 index slipped 0.1 percent or 4.3 points to 6,032
Published 26 May, 2018 12:00am
Treasury yields fall

Treasury yields fall

US Treasury yields fell on Thursday on safety buying after President Donald Trump called off a planned summit with North Korean leader Kim Jong Un and as the Turkish lira renewed its decline. Trump cited Pyongyang's "open hostility," and warned that the U
Published 26 May, 2018 12:00am
Treasury yields fall

Treasury yields fall

US Treasury yields fell on Thursday on safety buying after President Donald Trump called off a planned summit with North Korean leader Kim Jong Un and as the Turkish lira renewed its decline. Trump cited Pyongyang's "open hostility," and warned that the U
Published 26 May, 2018 12:00am
Sri Lankan shares slip

Sri Lankan shares slip

Sri Lankan shares closed slightly weaker on Friday as investors sold diversified stocks such as John Keells Holdings Plc, while block deals boosted turnover. Local Investors continued to stay on the sidelines as they waited for some cues about the real im
Published 26 May, 2018 12:00am
Wall Street dips after Trump cancels North Korea summit

Wall Street dips after Trump cancels North Korea summit

US stocks ended down slightly on Thursday after President Donald Trump cancelled a planned summit with North Korea's Kim Jong Un and threatened to impose tariffs on auto imports, though losses were limited by gains in Netflix and General Electric.
Published 26 May, 2018 12:00am
Indian shares rise
Currency

Indian shares rise

Indian shares ended higher on Friday helped by gains in financials such as HDFC Bank and Kotak Mahindra Bank, after the rupee firmed up against the dollar in late trade. The Reserve Bank of India may have sold USD/INR currency futures, NewsRise Financial
Published 26 May, 2018 12:00am
Hong Kong shares down

Hong Kong shares down

Hong Kong shares fell on Friday, amid renewed geopolitical worries after US President Donald Trump called off a planned June meeting with North Korean leader Kim Jong Un. Sentiment is dampened by signs of rising trade tensions as the Trump administration
Published 26 May, 2018 12:00am
China stocks see worst week in over a month

China stocks see worst week in over a month

China's major stock indexes fell on Friday to post their worst week in more than one month, as sentiment soured after US President Donald Trump called off a planned June meeting with North Korean leader Kim Jong Un. The blue-chip CSI300 index fell 0.3 per
Published 26 May, 2018 12:00am
EU agrees new capital rules, large banks secure easier terms

EU agrees new capital rules, large banks secure easier terms

European Union finance ministers reached an agreement on Friday on reforming bank capital rules, a major step towards boosting the bloc's financial stability and a stepping stone towards a deal on a backstop for its bank-rescue fund in June. The accord ca
Published 26 May, 2018 12:00am
Fed's chief Powell defends central bank independence

Fed's chief Powell defends central bank independence

Political meddling in central bank policies has proven disastrous for economies and monetary policy independence should be maintained, Federal Reserve Chair Jerome Powell said Friday. Powell acknowledged that central bankers have a responsibility to commu
Published 26 May, 2018 12:00am
Jury tells Samsung to pay big for copying iPhone design

Jury tells Samsung to pay big for copying iPhone design

A federal court jury on Thursday ordered Samsung to pay Apple $533 million for copying iPhone design features in a patent case dating back seven years. Jurors tacked on an additional $5 million in damages for a pair of patented functions. The award appear
Published 26 May, 2018 12:00am
US business spending on equipment improving

US business spending on equipment improving

New orders for key US-made capital goods increased more than expected in April and shipments rebounded, pointing to a moderate pickup in business spending on equipment after slowing down at the end of the first quarter. The report from the Commerce Depart
Published 26 May, 2018 12:00am
UK economy caught in Brexit crossfire

UK economy caught in Brexit crossfire

Britain's economy has grown at the slowest pace in more than five years, official data showed Friday, as Bank of England governor Mark Carney warned about a "disorderly" Brexit transition. Gross domestic product expanded 0.1 percent in the first quarter o
Published 26 May, 2018 12:00am
EU takes Bahamas, St Kitts off tax haven list

EU takes Bahamas, St Kitts off tax haven list

The EU on Friday removed the Caribbean nations of the Bahamas and Saint Kitts and Nevis from a black list of tax havens, bringing the number of jurisdictions to seven.
Published 26 May, 2018 12:00am
Trucker strike paralyzes Brazil auto production

Trucker strike paralyzes Brazil auto production

Brazil's auto industry was completely shut down on Friday because of a truckers' strike that has severely affected supplies throughout the country, a manufacturers' association said. "Assembly lines of Brazilian car manufacturers have stopped. The trucker
Published 26 May, 2018 12:00am
Think of investment return, UNICEF chief tells Europe

Think of investment return, UNICEF chief tells Europe

European governments facing aid fatigue among voters should see payments to help the foreign poor as a high-yield investment in their own future, the head of UN children's agency UNICEF said on Friday. In Brussels to see key donors as the European Union b
Published 26 May, 2018 12:00am
European gasoline margins fall

European gasoline margins fall

Benchmark northwest European gasoline refining margins fell on Wednesday after US stocks rose unexpectedly last week, but an unplanned shutdown at a major regional refinery capped losses. US gasoline stocks rose by 1.9 million barrels last week, the US En
Published 26 May, 2018 12:00am
Dullness persists on cotton market
Cotton

Dullness persists on cotton market

No major changes were seen in the present outlook on the cotton market on Friday amid slow trading activity, dealers said. The official spot rate was unchanged at Rs 7,500, they added. In the ready session, a single deal reported till our going to the pre
Published 26 May, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 182,531 tonnes of cargo comprising 154,203 tonnes of import cargo and 28,328 tonnes of export cargo including 4,317 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 154
Published 26 May, 2018 12:00am
China's steel rebar futures fall to one month low

China's steel rebar futures fall to one month low

China's construction steel rebar futures fell to a one-month low on Wednesday, as supply glut concerns continued to weigh on market sentiment, offsetting the impact of overcapacity inspections. The most-active rebar contract for October delivery on the Sh
Published 26 May, 2018 12:00am
Asian naphtha crack eases from five-month high

Asian naphtha crack eases from five-month high

Asia's naphtha crack eased 0.7 percent from a near five-month high to $114.63 a tonne on Wednesday, in tandem with lower Brent crude oil price, but fundamentals stayed firm on demand. Asia's top naphtha importer Formosa was looking to buy the fuel for fir
Published 26 May, 2018 12:00am
European wheat futures little changed
Currency

European wheat futures little changed

European wheat futures ended little changed on Wednesday after earlier hitting another high since July as wheat markets remained gripped by weather risks in major exporting countries worldwide. Benchmark December milling wheat the most active contract on
Published 26 May, 2018 12:00am
CBOT soyabean futures rise on export hopes

CBOT soyabean futures rise on export hopes

Chicago Board of Trade (CBOT) soyabean futures rose on Wednesday for a fourth straight session and hit a 2-1/2-week high on hopes for renewed Chinese buying of US supplies following an easing of trade tensions. CBOT July soyabeans ended up 8-3/4 cents at
Published 26 May, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,504. The traded value of Metals, Energy and COTS/FX was recorded at 7.894 billion and the number of lots traded was 14,430.
Published 26 May, 2018 12:00am
Do our leaders read?
Currency

Do our leaders read?

As a compatriot, to our multitude of politicians, I cannot but lament at the lowest of intellectual capacity that is put on wanton display by them, every single day. It is a period of regret, between 7:00p.m, and midnight, to watch the uncountable TV talk
Published 26 May, 2018 12:00am
Ritual vs spiritual

Ritual vs spiritual

Dieting is a painful word. It involves giving up your favourite indulgences; it involves controlling hunger pangs; it involves exercising; it involves denial to your urges to binge, to food cheat, to splurge. All tough things that you don't like but you m
Published 26 May, 2018 12:00am
ART FACTS: Satire and social

ART FACTS: Satire and social

Born and raised in Karachi artists Haider Ali and Noman Siddiqui portrayed how the city of lights have changed over the years in a two person show at Sanat Gallery Karachi. Both the artists were well aware of the city as they grow up witnessing the change
Published 26 May, 2018 12:00am
Gestures of love

Gestures of love

A group exhibition titled "Hota Hai Shab-o-Roz Tamasha Mera Aagay" featured multiple genres and artworks by six artists at Studio Seven Art Gallery, Karachi. The show brought an interesting blend of diverse feelings, emotions and ideas from Sindh with ric
Published 26 May, 2018 12:00am
Slovenia, a land with beekeeping in its genes

Slovenia, a land with beekeeping in its genes

It was a Slovene who wrote the world's first modern beekeeping manual. And Slovenia has gone on to lead the way in raising awareness of the plight of bees, as concern has grown over the health of the world's bee population in recent years. Beekeeping is a
Published 26 May, 2018 12:00am
Schoolbags not linked to back pain in children: study

Schoolbags not linked to back pain in children: study

Schoolbag use doesn't appear to increase the risk of back pain in children and adolescents, according to an Australian review of previous studies. Guidelines published by different organizations recommend limits on backpack weight for children, ranging fr
Published 26 May, 2018 12:00am
Delicious fruit desserts for Ramazan

Delicious fruit desserts for Ramazan

A nutritious diet comprises of five servings of fruits everyday. Eating fruits is also abest way to keep oneself hydrated during the holy month of Ramazan. Different varieties of seasonal fruits have already made their appearances in fruit markets and gro
Published 26 May, 2018 12:00am
Sweet potato - an immunity booster
Cotton

Sweet potato - an immunity booster

Sweet potato is a small tropical perrenneal herb sweet in taste. Botanically, it is Ipomoea btatas (L) and belongs to a family "convolvulaceae". In English it is known as sweet potato and is "Shakarqandi" in Urdu. Its native home is traced to tropical Ame
Published 26 May, 2018 12:00am
Education failure: a broken system

Education failure: a broken system

Is there any way to make our education system best? Every year we celebrate the fact that allocation for education by federal as well as provincial government goes up by 10-15 percent, though we are still only spending about 2.3 percent of GDP on educatio
Published 26 May, 2018 12:00am
Lebanese Cannes winner dedicates prize to poor kids

Lebanese Cannes winner dedicates prize to poor kids

Lebanese filmmaker Nadine Labaki, who won one of the top prizes at Cannes on Saturday with a story of dirt poor children and migrants, dedicated her award to her impoverished amateur cast and her homeland. Labaki is the first Arab woman to have won a majo
Published 26 May, 2018 12:00am
Italy's new 'Buster Keaton' wins best actor at Cannes

Italy's new 'Buster Keaton' wins best actor at Cannes

A little-known Italian actor - who was working as a caretaker when he was discovered - won best actor at Cannes film festival on Saturday for his portrayal of a cocaine-dealing dog groomer who faces down a local heavy in an urban western. Before being cas
Published 26 May, 2018 12:00am
'Star Wars Resistance' is Disney's latest small-screen spinoff

'Star Wars Resistance' is Disney's latest small-screen spinoff

An animated "Star Wars" children's television series that draws visual inspiration from Japanese anime will debut later this year on the Disney Channel, Walt Disney Co and its "Star Wars" subsidiary Lucasfilm said on Thursday.
Published 26 May, 2018 12:00am
Red carpet looks that dazzled Cannes

Red carpet looks that dazzled Cannes

With two powerful protests by female stars calling for equal pay and treatment, the red carpet at the Cannes film festival - which ends Sunday - was about much more than fashion statements. But that did not dim the glamour of the gala premieres. We look b
Published 26 May, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 26 May, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 26 May, 2018 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 26 May, 2018 12:00am
Barclays bid rates and maximum rates for payment of interest

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 26 May, 2018 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (May 25, 2018).

Published 26 May, 2018 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (May 25, 2018).

Published 26 May, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 25, 2018).
Published 26 May, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (May 25, 2018).

Published 26 May, 2018 12:00am
Zardari challenges Nawaz's integrity, patriotism

Zardari challenges Nawaz's integrity, patriotism

Former President and Co-Chairman Pakistan Peoples Party (PPP) Asif Ali Zardari has said that his party has no truck with military establishment but it stands by Pakistan. While addressing a press conference, Zaradri said, "We stand by Pakistan but former
Published 26 May, 2018 12:00am
Zardari challenges Nawaz's integrity, patriotism

Zardari challenges Nawaz's integrity, patriotism

Former President and Co-Chairman Pakistan Peoples Party (PPP) Asif Ali Zardari has said that his party has no truck with military establishment but it stands by Pakistan. While addressing a press conference, Zaradri said, "We stand by Pakistan but former
Published 26 May, 2018 12:00am
Two offshore companies: Hussain beneficial owner: Maryam

Two offshore companies: Hussain beneficial owner: Maryam

Former Prime Minister Nawaz Sharif's daughter Maryam Nawaz on Friday testified before the Accountability Court that her brother Hussain Nawaz is the real and beneficial owner of two offshore companies - Nielson and Nescoll - that own the Avenfield apartme
Published 26 May, 2018 12:00am
Two offshore companies: Hussain beneficial owner: Maryam

Two offshore companies: Hussain beneficial owner: Maryam

Former Prime Minister Nawaz Sharif's daughter Maryam Nawaz on Friday testified before the Accountability Court that her brother Hussain Nawaz is the real and beneficial owner of two offshore companies - Nielson and Nescoll - that own the Avenfield apartme
Published 26 May, 2018 12:00am
Power projects: PPIB approves extension in CoD and LoI deadlines

Power projects: PPIB approves extension in CoD and LoI deadlines

The Private Power Infrastructure Board (PPIB) Friday approved extension in deadlines of Commercial Operation Date (CoD) and Letter of Intent (LoI) of power projects. Presided over by the Minister for Power Division, Awais Ahmad Khan Leghari, the Board was
Published 26 May, 2018 12:00am
Power projects: PPIB approves extension in CoD and LoI deadlines

Power projects: PPIB approves extension in CoD and LoI deadlines

The Private Power Infrastructure Board (PPIB) Friday approved extension in deadlines of Commercial Operation Date (CoD) and Letter of Intent (LoI) of power projects. Presided over by the Minister for Power Division, Awais Ahmad Khan Leghari, the Board was
Published 26 May, 2018 12:00am
Power projects: PPIB approves extension in CoD and LoI deadlines

Power projects: PPIB approves extension in CoD and LoI deadlines

The Private Power Infrastructure Board (PPIB) Friday approved extension in deadlines of Commercial Operation Date (CoD) and Letter of Intent (LoI) of power projects. Presided over by the Minister for Power Division, Awais Ahmad Khan Leghari, the Board was
Published 26 May, 2018 12:00am
Water disputes: FO issues stern warning to India

Water disputes: FO issues stern warning to India

The Foreign Office on Friday warned that water disputes with India carry the potential to escalate into a full-scale conflict between the two countries following the inauguration of controversial Kishanganga hydropower project.
Published 26 May, 2018 12:00am
Water disputes: FO issues stern warning to India

Water disputes: FO issues stern warning to India

The Foreign Office on Friday warned that water disputes with India carry the potential to escalate into a full-scale conflict between the two countries following the inauguration of controversial Kishanganga hydropower project.
Published 26 May, 2018 12:00am
Water disputes: FO issues stern warning to India

Water disputes: FO issues stern warning to India

The Foreign Office on Friday warned that water disputes with India carry the potential to escalate into a full-scale conflict between the two countries following the inauguration of controversial Kishanganga hydropower project.
Published 26 May, 2018 12:00am
Senate too passes Fata bill

Senate too passes Fata bill

The Senate passed a landmark constitutional amendment on Friday extending widespread political, administrative and human rights reforms to Federally Administered Tribal Areas (FATA) - a region that had long been a safe haven for militant groups.
Published 26 May, 2018 12:00am
Senate too passes Fata bill

Senate too passes Fata bill

The Senate passed a landmark constitutional amendment on Friday extending widespread political, administrative and human rights reforms to Federally Administered Tribal Areas (FATA) - a region that had long been a safe haven for militant groups.
Published 26 May, 2018 12:00am
SBP extends EFS limits

SBP extends EFS limits

In order to ensure that financing facilities are available to exporters till finalization of new limits, the State Bank of Pakistan (SBP) has decided that limits sanctioned by banks to individual exporters under Export Finance Scheme (EFS) Part-II for the
Published 26 May, 2018 12:00am
SBP extends EFS limits

SBP extends EFS limits

In order to ensure that financing facilities are available to exporters till finalization of new limits, the State Bank of Pakistan (SBP) has decided that limits sanctioned by banks to individual exporters under Export Finance Scheme (EFS) Part-II for the
Published 26 May, 2018 12:00am
SBP extends EFS limits

SBP extends EFS limits

In order to ensure that financing facilities are available to exporters till finalization of new limits, the State Bank of Pakistan (SBP) has decided that limits sanctioned by banks to individual exporters under Export Finance Scheme (EFS) Part-II for the
Published 26 May, 2018 12:00am
Putin warns protectionism risks global economic crisis

Putin warns protectionism risks global economic crisis

Russian President Vladimir Putin warned Friday that the world could be heading for an unprecedented economic crisis due to the confrontational trade policy and protectionism being pursued by the United States.
Published 26 May, 2018 12:00am
Putin warns protectionism risks global economic crisis

Putin warns protectionism risks global economic crisis

Russian President Vladimir Putin warned Friday that the world could be heading for an unprecedented economic crisis due to the confrontational trade policy and protectionism being pursued by the United States.
Published 26 May, 2018 12:00am
Putin warns protectionism risks global economic crisis

Putin warns protectionism risks global economic crisis

Russian President Vladimir Putin warned Friday that the world could be heading for an unprecedented economic crisis due to the confrontational trade policy and protectionism being pursued by the United States.
Published 26 May, 2018 12:00am
BRIndex100 extends losses

BRIndex100 extends losses

Pakistan Stock Exchange remained under heavy pressure on the last day of the week due to selling in various scrips. BRIndex100 lost 50.16 points or 1.1 percent to close at 4,491.56 points Friday. BRIndex100 touched intraday high of 4,532.77 and intraday l
Published 26 May, 2018 12:00am
BRIndex100 extends losses

BRIndex100 extends losses

Pakistan Stock Exchange remained under heavy pressure on the last day of the week due to selling in various scrips. BRIndex100 lost 50.16 points or 1.1 percent to close at 4,491.56 points Friday. BRIndex100 touched intraday high of 4,532.77 and intraday l
Published 26 May, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 26 May, 2018 12:00am
BRIndex100 extends losses

BRIndex100 extends losses

Pakistan Stock Exchange remained under heavy pressure on the last day of the week due to selling in various scrips. BRIndex100 lost 50.16 points or 1.1 percent to close at 4,491.56 points Friday. BRIndex100 touched intraday high of 4,532.77 and intraday l
Published 26 May, 2018 12:00am
Army summons ex-ISI chief Durrani to GHQ

Army summons ex-ISI chief Durrani to GHQ

The military has expressed strong reservations over a book written by Lieutenant General Asad Durrani (retd), former chief of the Inter-Services Intelligence (ISI) along with a former chief of India's spy agency Research and Analysis Wing (RAW) AS Dulat,
Published 26 May, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 26 May, 2018 12:00am
Army summons ex-ISI chief Durrani to GHQ

Army summons ex-ISI chief Durrani to GHQ

The military has expressed strong reservations over a book written by Lieutenant General Asad Durrani (retd), former chief of the Inter-Services Intelligence (ISI) along with a former chief of India's spy agency Research and Analysis Wing (RAW) AS Dulat,
Published 26 May, 2018 12:00am
FED recovery: Karachi LTU attaches bank accounts of Shaheen Air

FED recovery: Karachi LTU attaches bank accounts of Shaheen Air

Large Taxpayers Unit (LTU), Karachi has attached all bank accounts of M/s Shaheen Air International (SAI) Ltd to recover Federal Excise Duty (FED) amounting to Rs 521.4 million. The largest revenue collection arm of the Federal Board of Revenue has served
Published 26 May, 2018 12:00am
FED recovery: Karachi LTU attaches bank accounts of Shaheen Air

FED recovery: Karachi LTU attaches bank accounts of Shaheen Air

Large Taxpayers Unit (LTU), Karachi has attached all bank accounts of M/s Shaheen Air International (SAI) Ltd to recover Federal Excise Duty (FED) amounting to Rs 521.4 million. The largest revenue collection arm of the Federal Board of Revenue has served
Published 26 May, 2018 12:00am
FED recovery: Karachi LTU attaches bank accounts of Shaheen Air

FED recovery: Karachi LTU attaches bank accounts of Shaheen Air

Large Taxpayers Unit (LTU), Karachi has attached all bank accounts of M/s Shaheen Air International (SAI) Ltd to recover Federal Excise Duty (FED) amounting to Rs 521.4 million. The largest revenue collection arm of the Federal Board of Revenue has served
Published 26 May, 2018 12:00am
15 hurt in blast at Indian restaurant in Canada

15 hurt in blast at Indian restaurant in Canada

Canadian police on Friday hunted two men after a blast at an Indian restaurant near Toronto injured 15 people, including three dual Indian-Canadian nationals, but police said there were no initial signs of terrorism. Neither were there indications of a "h
Published 26 May, 2018 12:00am
15 hurt in blast at Indian restaurant in Canada

15 hurt in blast at Indian restaurant in Canada

Canadian police on Friday hunted two men after a blast at an Indian restaurant near Toronto injured 15 people, including three dual Indian-Canadian nationals, but police said there were no initial signs of terrorism. Neither were there indications of a "h
Published 26 May, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (May 25, 2018).

Published 26 May, 2018 12:00am
Nawaz says Musharraf's trial to reach logical end

Nawaz says Musharraf's trial to reach logical end

Former Prime Minister Nawaz Sharif Friday said that he believed the trial against former President General Pervez Musharraf (retd) will reach its logical end, as it is a high treason case and no law can stop it. Talking to reporters here inside the Accoun
Published 26 May, 2018 12:00am
Nawaz says Musharraf's trial to reach logical end

Nawaz says Musharraf's trial to reach logical end

Former Prime Minister Nawaz Sharif Friday said that he believed the trial against former President General Pervez Musharraf (retd) will reach its logical end, as it is a high treason case and no law can stop it. Talking to reporters here inside the Accoun
Published 26 May, 2018 12:00am
FBR admits Rs 200 billion tax refunds pending

FBR admits Rs 200 billion tax refunds pending

The Federal Board of Revenue (FBR) has admitted that around Rs 200 billion sales tax/income tax refund claims and customs duty drawback claims are pending with the tax department against Rs 250 billion claimed by exporters. Sources told Business Record
Published 26 May, 2018 12:00am
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