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Archive - 2018-06-21
Attock Petroleum Limited
Mutual Funds

Attock Petroleum Limited

Attock Petroleum Limited (PSX: APL) is the oil marketing company of the Attock Oil Group, the only integrated oil group in the country with Pakistan Oilfields Limited as The E&P firm, and Attock Refinery and National Refinery Limited in the downstream ref
Updated 22 Jun, 2018 05:47am
Clay pots
Featured Photos

Clay pots

A vendor displaying and arranging clay-made household items to attract the customers at his roadside setup. Copy
Published 21 Jun, 2018 11:42am
Trump orders end to end family separations
World Top News

Trump orders end to end family separations

Washington: President Donald Trump ordered an end to the separation of migrant children from their parents on the US bor
Published 21 Jun, 2018 08:30am
CA deficit reaches historical level

CA deficit reaches historical level

RIZWAN BHATTI KARACHI: Followed by a higher import bill and slow foreign inflows, the country's external account continued to deteriorate as it posted a record current account deficit of about $16 billion during the first eleven months of current fiscal
Updated 21 Jun, 2018 08:24am
CA deficit reaches historical level

CA deficit reaches historical level

RIZWAN BHATTI KARACHI: Followed by a higher import bill and slow foreign inflows, the country's external account continued to deteriorate as it posted a record current account deficit of about $16 billion during the first eleven months of current fiscal
Updated 21 Jun, 2018 08:24am
CA deficit reaches historical level

CA deficit reaches historical level

RIZWAN BHATTI KARACHI: Followed by a higher import bill and slow foreign inflows, the country's external account continued to deteriorate as it posted a record current account deficit of about $16 billion during the first eleven months of current fiscal
Updated 21 Jun, 2018 08:23am
FDI scene depicts dismal performance in 11 months

FDI scene depicts dismal performance in 11 months

RECORDER REPORT KARACHI: Despite a massive surge in Foreign Direct Investment (FDI) from China under the CPEC, overall FDI has presented a dismal performance during the first eleven months (July-May) of this fiscal year (FY18). Economists said foreign i
Updated 21 Jun, 2018 08:15am
FDI scene depicts dismal performance in 11 months

FDI scene depicts dismal performance in 11 months

RECORDER REPORT KARACHI: Despite a massive surge in Foreign Direct Investment (FDI) from China under the CPEC, overall FDI has presented a dismal performance during the first eleven months (July-May) of this fiscal year (FY18). Economists said foreign i
Updated 21 Jun, 2018 08:14am
FDI scene depicts dismal performance in 11 months

FDI scene depicts dismal performance in 11 months

RECORDER REPORT KARACHI: Despite a massive surge in Foreign Direct Investment (FDI) from China under the CPEC, overall FDI has presented a dismal performance during the first eleven months (July-May) of this fiscal year (FY18). Economists said foreign i
Updated 21 Jun, 2018 08:13am
Friends and Masters

Friends and Masters

Altaf Gauhar was no intellectual lightweight. A little odd, then, for him to choose Friends not Masters as title of the book he ghosted for Ayub. For a man of his erudition he couldn't have been unfamiliar with the discourse on neo-colonialism that was ri
Updated 21 Jun, 2018 08:08am
Wanted: dollar bonds
Banking

Wanted: dollar bonds

Less than a fortnight before its expiration, the much-talked-about tax amnesty scheme is back in the news. The caretaker
Published 21 Jun, 2018 06:52am
Need for olives
Miscellaneous

Need for olives

It has been recently reported that the government is trying to convert Chakwal valley into an olive valley. For this pur
Published 21 Jun, 2018 06:48am
Telstra to axe 8,000 jobs

Telstra to axe 8,000 jobs

Australia's dominant telecommunications company Telstra Wednesday announced plans to axe 8,000 jobs - a quarter of its workforce - as part of a drastic new strategy to cope with an increasingly competitive industry.
Published 21 Jun, 2018 12:00am
IMF greenlights three-year $50 billion Argentina aid programme
Currency

IMF greenlights three-year $50 billion Argentina aid programme

The board of the International Monetary Fund on Wednesday approved a $50 billion aid package intended to help Argentina confront inflation, budget deficits and a weakening currency. The fund's executive board approved the agreement struck by IMF staff ear
Published 21 Jun, 2018 12:00am
Disney boosts Fox bid to $71.3 billion to counter Comcast

Disney boosts Fox bid to $71.3 billion to counter Comcast

Disney raised its offer for key assets of 21st Century Fox on Wednesday to $71.3 billion to counter a rival bid from Comcast in the latest move in a bidding war that could create a dominant player in the media-entertainment world.
Published 21 Jun, 2018 12:00am
Draghi 'welcomes' France-Germany reform plan

Draghi 'welcomes' France-Germany reform plan

European Central Bank President Mario Draghi said Wednesday a plan for reform of the 19-nation eurozone agreed by Paris and Berlin this week was "encouraging" although "vague". "The recent document produced by France and Germany is to be welcomed, it's an
Published 21 Jun, 2018 12:00am
Indian government grounds Air India sale plans

Indian government grounds Air India sale plans

India has shelved its plans to sell debt-stricken national carrier Air India after failing to attract any bidders, a senior official has told local media.
Published 21 Jun, 2018 12:00am
European firms say China business 'more difficult'

European firms say China business 'more difficult'

European companies complain they still face a difficult business climate in China despite Beijing's pledges of openness, with about half saying it has become tougher in the past year, according to a survey released Wednesday.
Published 21 Jun, 2018 12:00am
Easing trade worries help FTSE climb

Easing trade worries help FTSE climb

Britain's top share index rose on Wednesday amid a broad-based rebound in Europe as immediate worries over the impact of a trade spat between the United States and China eased, but housebuilder Berkeley slumped after a profit warning.
Published 21 Jun, 2018 12:00am
South East Asian markets: Thailand rebounds; Indonesia falls

South East Asian markets: Thailand rebounds; Indonesia falls

Indonesian shares slipped nearly 2 percent on Wednesday as trading resumed after Eid Al-Fitr holidays, while the Thai index recovered from a 9-month low hit in the previous session helped by gains in material and energy stocks.
Published 21 Jun, 2018 12:00am
European shares enjoy timid rebound though trade war fears linger

European shares enjoy timid rebound though trade war fears linger

European shares climbed on Wednesday but the modest rebound failed to erase the previous session's losses as investors' fears about an ongoing trade dispute between the United States and China lingered. The pan-European STOXX 600 edged up 0.3 percent, whi
Published 21 Jun, 2018 12:00am
China stocks rebound

China stocks rebound

China stocks on Wednesday reclaimed some of the heavy losses from the previous session's plunge, as upbeat comments from state media and a burst of share purchase plans by listed companies soothed immediate panic over a Sino-US trade war.
Published 21 Jun, 2018 12:00am
Saudi shares fall amid profit-taking ahead of MSCI decision

Saudi shares fall amid profit-taking ahead of MSCI decision

Saudi stocks declined on Wednesday as investors cut risk ahead of a decision from global index compiler MSCI on whether to include Saudi Arabia and its $526 billion bourse in its emerging market indexes. "It would not be surprising to see some profit taki
Published 21 Jun, 2018 12:00am
Treasury yields drop

Treasury yields drop

US Treasury yields retreated on Tuesday as trade tensions between China and the United States intensified after President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods while Beijing warned it would fight back. US 1
Published 21 Jun, 2018 12:00am
Treasury yields drop

Treasury yields drop

US Treasury yields retreated on Tuesday as trade tensions between China and the United States intensified after President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods while Beijing warned it would fight back. US 1
Published 21 Jun, 2018 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong stocks tracked Asian shares to end higher on Wednesday, rebounding after the previous session's rout, as the surge in ZTE Corp helped sooth immediate panic over a Sino-US trade war. The Hang Seng index ended 0.8 percent higher at 29,696.17, whil
Published 21 Jun, 2018 12:00am
Trade fears rattle Wall Street, Dow gives up 2018 gains

Trade fears rattle Wall Street, Dow gives up 2018 gains

US stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year. President Donald Trump threatened to impose a 10 per
Published 21 Jun, 2018 12:00am
Nikkei rises

Nikkei rises

Japan's Nikkei share average rose in volatile trade on Wednesday, helped by late short-covering following an earlier selloff and a broader recovery in regional sentiment as Chinese shares recovered from a rout in the previous session.
Published 21 Jun, 2018 12:00am
Indian shares rise

Indian shares rise

Indian shares ended higher on Wednesday despite lingering trade tensions between the United States and China that roiled markets in previous sessions, with index heavyweight Reliance Industries Ltd and financial stocks leading the gainers.
Published 21 Jun, 2018 12:00am
Aussie, kiwi bounce

Aussie, kiwi bounce

The Australian and New Zealand dollars managed a modest bounce on Wednesday as a pause in the Sino-US sabre rattling over trade allowed Asian markets to calm a little. The Aussie dollar clawed its way back to $0.7397, after bouncing from a one-year trough
Published 21 Jun, 2018 12:00am
Sterling recovers slightly
Currency

Sterling recovers slightly

Sterling rebounded from a seven-month low against the dollar and hit the day's highs versus the euro on Wednesday after Prime Minister Theresa May won a crucial Brexit vote in parliament, averting a rebellion that could have undermined her authority. The
Published 21 Jun, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 83.70-83.70 (Previous 83.70-83.70).
Published 21 Jun, 2018 12:00am
Most emerging Asian currencies up
Currency

Most emerging Asian currencies up

Many emerging Asian currencies firmed against a steady dollar on Wednesday, a partial recovery from the previous session's losses on fears of knock-on effects from a China-US trade war. Wednesday's trade may reflect market participants' view of China's re
Published 21 Jun, 2018 12:00am
Sri Lankan rupee hits fresh record low
Currency

Sri Lankan rupee hits fresh record low

The Sri Lankan rupee hit a fresh record low of 160.17 per dollar on Wednesday as importer dollar demand surpassed mild greenback selling by exporters and banks, dealers said.
Published 21 Jun, 2018 12:00am
Dollar, yen gain in New York trade
Currency

Dollar, yen gain in New York trade

The dollar and yen rose on Tuesday as traders piled into perceived less risky currencies after US President Donald Trump threatened to slap more tariffs on China, fanning a trade dispute between the world's two biggest economies.
Published 21 Jun, 2018 12:00am
Early trade in New York: dollar hovers near 11-month high
Currency

Early trade in New York: dollar hovers near 11-month high

The dollar was little changed on Wednesday, hovering near an 11-month peak against a basket of major currencies as China's signal of a tolerance of a stronger yuan offset anxiety about the global trade conflict. The greenback, as well as the yen and Swiss
Published 21 Jun, 2018 12:00am
Dollar hits 11-month highs in Europe
Currency

Dollar hits 11-month highs in Europe

The dollar hit an 11-month high against a basket of its rivals on Wednesday as an escalating trade conflict kept investors from buying higher-yielding currencies and markets braced for growing volatility. Currency markets had breathed a sigh of relief aft
Published 21 Jun, 2018 12:00am
Dollar steadies in Asia
Currency

Dollar steadies in Asia

The dollar steadied against a basket of currencies on Wednesday, as risk aversion sparked by concerns over a worsening trade feud between Washington and Beijing ebbed, although lingering worries about the tariff rift kept currencies on edge.
Published 21 Jun, 2018 12:00am
Philippine delivers back-to-back rate hike to tame inflation
Currency

Philippine delivers back-to-back rate hike to tame inflation

The Philippine central bank raised interest rates on Wednesday, for the second time in six weeks, and said it was ready to take further action to tame inflation and volatility in the peso. The Philippines, like other Asian economies that have external def
Published 21 Jun, 2018 12:00am
ECB seeks compromise solution to banks' bad loans problem

ECB seeks compromise solution to banks' bad loans problem

European Central Bank supervisors are looking for a softer way to press euro zone lenders to deal with their bad loans after an earlier proposal met fierce opposition, two sources said. Even after a sharp reduction in the past two years, euro zone banks a
Published 21 Jun, 2018 12:00am
China eyes reserve cuts, other policy measures to aid small firms

China eyes reserve cuts, other policy measures to aid small firms

China will use targeted cuts in banks' reserve requirement ratios (RRR) and other policy tools to boost credit support for small firms and keep economic growth steady, state radio on Wednesday quoted a cabinet meeting as saying. Fears of a full-blown trad
Published 21 Jun, 2018 12:00am
Labour could order biggest Bank of England shake-up in decades

Labour could order biggest Bank of England shake-up in decades

Britain's opposition Labour Party could ask the Bank of England to target productivity to help boost the economy if it wins power, in the most radical change to the central bank's remit in more than two decades. Consultants commissioned by John McDonnell,
Published 21 Jun, 2018 12:00am
World Bank approves $400 million in new financing for Ecuador

World Bank approves $400 million in new financing for Ecuador

A World Bank official said on Tuesday that the lender had approved $400 million in new financing for Ecuador, as the South American country seeks to improve ties with multilateral lenders that deteriorated under the rule of former President Rafael Correa.
Published 21 Jun, 2018 12:00am
Former Anglo Irish Bank CEO gets six-year jail

Former Anglo Irish Bank CEO gets six-year jail

The former chief executive of the failed Anglo Irish Bank, David Drumm, was sentenced on Wednesday to six years in prison for false accounting and for conspiring to defraud depositors and investors during Ireland's banking crisis a decade ago.
Published 21 Jun, 2018 12:00am
Russian economic indicators suggest recovery underway

Russian economic indicators suggest recovery underway

Russia's economic recovery continued in May as retail sales kept on rising while unemployment levels reached record lows, data showed on Wednesday. The economy is picking up after two years of contraction caused by a rapid drop in oil prices and sanctions
Published 21 Jun, 2018 12:00am
After surrendering CSeries, Bombardier pushes regional plane revival

After surrendering CSeries, Bombardier pushes regional plane revival

As Bombardier surrenders hopes of securing a top spot in commercial aviation with the sale of its money-losing CSeries jet program to Airbus, the Canadian company is now drawing up plans to breathe new life into its older regional planes.
Published 21 Jun, 2018 12:00am
Suarez sends Uruguay into last 16 with hosts Russia

Suarez sends Uruguay into last 16 with hosts Russia

Uruguay booked their place in the World Cup knockout stage along with Russia on Wednesday, as Luis Suarez scored the winner on his 100th international appearance in a 1-0 victory over Saudi Arabia in Rostov-on-Don. The South Americans take on the hosts in
Published 21 Jun, 2018 12:00am
Neymar back training ahead of Costa Rica game

Neymar back training ahead of Costa Rica game

Neymar was back in training for Brazil on Wednesday ahead of their World Cup clash with Costa Rica, 24 hours after limping out of a session with an ankle problem. "Brazil team training under way and Neymar participating normally," tweeted the Brazilian Fo
Published 21 Jun, 2018 12:00am
'Don't blame Messi', pleads Sampaoli

'Don't blame Messi', pleads Sampaoli

Argentina coach Jorge Sampaoli again defended star player Lionel Messi on Wednesday and said his side's World Cup match against Croatia was effectively a must-win. Sampaoli admitted Argentina's "window of opportunity" was narrowing after the draw but said
Published 21 Jun, 2018 12:00am
Ronaldo delivers again as Portugal down Morocco

Ronaldo delivers again as Portugal down Morocco

Cristiano Ronaldo followed up his opening game heroics at the World Cup with the only goal in a 1-0 win for Portugal against Morocco as the European champions edged closer to the last 16. The Real Madrid star struck in the fourth minute in Moscow to surpa
Published 21 Jun, 2018 12:00am
Russia covered up ex-World Cup footballer doping

Russia covered up ex-World Cup footballer doping

Russian security services covered up doping by a top Russian footballer who later bowed out of the nation's World Cup squad, a whistleblower has told German media. The former head of Russia's national anti-doping laboratory Grigory Rodchenkov said urine s
Published 21 Jun, 2018 12:00am
NZ set new T20 women record of 216-1

NZ set new T20 women record of 216-1

New Zealand carried on from where they left off in Ireland by breaking the record for the highest score in a women's Twenty20 international with a total of 216 for one on the way to beating South Africa in Taunton on Wednesday. White Ferns captain Suzie B
Published 21 Jun, 2018 12:00am
Sugita stuns Thiem in Halle after Nishikori exit

Sugita stuns Thiem in Halle after Nishikori exit

Japan's Yuichi Sugita shocked Dominic Thiem to send the Austrian out in the second round of the ATP Halle grass court event on Wednesday, 6-2, 7-5, Third seed Thiem, French Open runner-up to Rafael Nadal earlier this month, was joined on the sidelines of
Published 21 Jun, 2018 12:00am
Two-time major golf champion Hubert Green dies

Two-time major golf champion Hubert Green dies

Two-time major champion Hubert Green, a 19-time US PGA Tour winner and 2007 World Golf Hall of Fame inductee, has died at age 71, the tour announced Wednesday. Green, who won the 1977 US Open and 1985 PGA Championship, died Tuesday night after a lengthy b
Published 21 Jun, 2018 12:00am
PHF names Champion's Trophy squad

PHF names Champion's Trophy squad

Pakistan Hockey Federation (PHF) has announced 18 players for the 37th edition of the Champion's Trophy which is going to take place in Breda (Holland) from June 23. On June 3, Pakistan had sent 22 players to Holland for the last phase of the training and
Published 21 Jun, 2018 12:00am
U-19 cricket development plan begins

U-19 cricket development plan begins

A six-week regional academies program for Under-19 cricket players in 16 regions is starting under the supervision of regional coaching & support staff from Thursday (today). A total number of 20 players from each region except 40 each in Karachi & Lahore
Published 21 Jun, 2018 12:00am
Aussie golfing great Thomson dies

Aussie golfing great Thomson dies

Australian golfing great Peter Thomson, who won the British Open five times, died Wednesday aged 88 after a long battle with Parkinson's disease, his family said. "He had been suffering from Parkinson's disease for more than four years and lost his brave
Published 21 Jun, 2018 12:00am
Asian naphtha crack hits two-month low

Asian naphtha crack hits two-month low

Asia's naphtha crack extended losses and hovered near a two-month low for the second day at $73.38 a tonne on Tuesday as supplies were expected to increase in July versus June. More supplies coming through to Asia from the West including Europe and the Me
Published 21 Jun, 2018 12:00am
Cotton market: prices firm amid slow business
Cotton

Cotton market: prices firm amid slow business

A kind of firmness prevailed on the cotton market on Wednesday in the process of slow trading activity, dealers said. The official spot rate was unchanged at Rs 7,600, they added. Prices of seed cotton in Sindh were available at Rs 3800-4000 and in Punjab
Published 21 Jun, 2018 12:00am
Prices of commodities from iron ore to rubber fall in China
Cotton

Prices of commodities from iron ore to rubber fall in China

Prices of commodities from iron ore to rubber tumbled in China on Tuesday, with investor sentiment shaken by an intensifying trade war between Beijing and Washington that could hurt the world's No. 2 economy. The selloff also hit steel, copper, cotton and
Published 21 Jun, 2018 12:00am
Rainfalls in Ivory Coast raise hopes for cocoa mid-crop

Rainfalls in Ivory Coast raise hopes for cocoa mid-crop

Most of Ivory Coast's main cocoa growing regions received plenty of rain last week, farmers said on Monday, raising hopes for the April-to-September mid-crop after a prolonged period of below-average rainfall. Ivory Coast, the world's top cocoa producer,
Published 21 Jun, 2018 12:00am
European gasoline margins rise on stronger exports

European gasoline margins rise on stronger exports

Benchmark northwest European gasoline refining margins rose on Tuesday as exports to West Africa and the US East Coast picked up in recent days, traders said. At least nine tankers were provisionally booked in the past week to load gasoline in Europe to g
Published 21 Jun, 2018 12:00am
European wheat prices fall sharply

European wheat prices fall sharply

European wheat prices fell sharply on Tuesday, pressured by plunging US grain futures, in turn weakened by concern over rising trade tensions between the United States and China. Benchmark December wheat on the Paris-based Euronext exchange unofficially c
Published 21 Jun, 2018 12:00am
Activities at Karachi Port

Activities at Karachi Port

The Karachi Port handled 155,465 tonnes of cargo comprising 119,877 tonnes of import cargo and 35,588 tonnes of export cargo including 8,266 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 21 Jun, 2018 12:00am
CBOT wheat hits 2-1/2-month low

CBOT wheat hits 2-1/2-month low

Chicago Board of Trade wheat futures fell to a 2-1/2-month low Tuesday, pressured by the expanding US winter wheat harvest and broad weakness across the commodity sector tied to a rapidly escalating US-China trade conflict, brokers said. CBOT July soft re
Published 21 Jun, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,473. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.128 billion and the number of lots traded was 10,255.
Published 21 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 21 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 21 Jun, 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 21 Jun, 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 21 Jun, 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 Wednesday (June 20, 2018).

Published 21 Jun, 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 Wednesday (June 20, 2018).

Published 21 Jun, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 20, 2018).
Published 21 Jun, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (June 20, 2018).

Published 21 Jun, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (June 20, 2018).

Published 21 Jun, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (June 20, 2018).

Published 21 Jun, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (June 20, 2018).

Published 21 Jun, 2018 12:00am
Cotton futures edge higher
Cotton

Cotton futures edge higher

ICE cotton futures settled higher on Wednesday after slipping to a one-month low earlier in the session amid concerns over a trade dispute between the biggest exporter United States and top consumer China. The most active cotton contract on ICE Futures US
Published 21 Jun, 2018 12:00am
Trump orders halt to family separations

Trump orders halt to family separations

President Donald Trump ordered an end to the separation of migrant children from their parents on the US border Wednesday, reversing a tough policy under heavy pressure from his fellow Republicans, Democrats and the international community. The spectacula
Published 21 Jun, 2018 12:00am
Trump orders halt to family separations

Trump orders halt to family separations

President Donald Trump ordered an end to the separation of migrant children from their parents on the US border Wednesday, reversing a tough policy under heavy pressure from his fellow Republicans, Democrats and the international community. The spectacula
Published 21 Jun, 2018 12:00am
Yusufi dies: obituary

Yusufi dies: obituary

Legendary Urdu satire and humor writer Mushtaq Ahmed Yusufi died here yesterday, bringing to an end the famous "Yusufi era of satire and humor". He was 95. After the Partition of India, his family moved to Karachi. Born into a well-to-do family of Jaipur,
Published 21 Jun, 2018 12:00am
Yusufi dies: obituary

Yusufi dies: obituary

Legendary Urdu satire and humor writer Mushtaq Ahmed Yusufi died here yesterday, bringing to an end the famous "Yusufi era of satire and humor". He was 95. After the Partition of India, his family moved to Karachi. Born into a well-to-do family of Jaipur,
Published 21 Jun, 2018 12:00am
Energy sector circular debt soars to Rs 547 billion

Energy sector circular debt soars to Rs 547 billion

The country's energy sector circular debt was Rs 547 billion in June 2018 due to low recovery, high losses, mismanagement and non technical bureaucracy sitting in the Power Division. The stock of circular debt is over and above Rs 500 billion loans parked
Published 21 Jun, 2018 12:00am
Energy sector circular debt soars to Rs 547 billion

Energy sector circular debt soars to Rs 547 billion

The country's energy sector circular debt was Rs 547 billion in June 2018 due to low recovery, high losses, mismanagement and non technical bureaucracy sitting in the Power Division. The stock of circular debt is over and above Rs 500 billion loans parked
Published 21 Jun, 2018 12:00am
Energy sector circular debt soars to Rs 547 billion

Energy sector circular debt soars to Rs 547 billion

The country''s energy sector circular debt was Rs 547 billion in June 2018 due to low recovery, high losses, mismanagement and non technical bureaucracy sitting in the Power Division. The stock of circular debt is over and above Rs 500 billion loans parke
Published 21 Jun, 2018 12:00am
Moody's changes outlook rating to negative
Currency

Moody's changes outlook rating to negative

Moody's Investors Service ("Moody's") yesterday changed the outlook on Pakistan's rating to negative from stable and affirmed the B3 local and foreign currency long-term issuer and senior unsecured debt ratings. The decision to change the outlook to negat
Published 21 Jun, 2018 12:00am
Moody's changes outlook rating to negative
Currency

Moody's changes outlook rating to negative

Moody's Investors Service ("Moody's") yesterday changed the outlook on Pakistan's rating to negative from stable and affirmed the B3 local and foreign currency long-term issuer and senior unsecured debt ratings. The decision to change the outlook to negat
Published 21 Jun, 2018 12:00am
Moody''s changes outlook rating to negative
Currency

Moody''s changes outlook rating to negative

Moody''s Investors Service ("Moody''s") yesterday changed the outlook on Pakistan''s rating to negative from stable and affirmed the B3 local and foreign currency long-term issuer and senior unsecured debt ratings. The decision to change the outlook to ne
Published 21 Jun, 2018 12:00am
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