When the West Indies won their sole World Twenty20 title in 2012 they famously celebrated by performing "Gangnam Style". If they triumph in India they'll be dancing to a different tune.
The four-day '14th Balijee International Bridge Championship' will get underway here at the Lahore Gymkhana from Sunday with participation of accomplished bridge players from all over Pakistan and abroad. This was stated by Aijaz Ahmed of Yummy Milk Produ
Opener Tillakaratne Dilshan said he was desperate to score some big runs after steering holders Sri Lanka to a six-wicket win over a spirited Afghanistan in the World Twenty20 on Thursday. The big-hitting Dilshan kept his nerves under pressure and carried
US economist Dale Jorgenson on Thursday advised Japanese Prime Minister Shinzo Abe to stick with his combination of raising sales taxes and lowering corporate taxes as the best way to increase productivity and investment.
Japan's exports fell for the fifth month in a row in February, and although shipments to China picked up worries remain that fragile overseas demand could tip the world's third-largest economy into its fourth recession in five years.
The European Central Bank's negative interest rates are sparking demand for safe deposit boxes, where bank customers can store cash to avoid the prospect of paying the bank interest on their accounts, German bankers said.
Eurozone consumer prices fell 0.2 percent year-on-year in February, the European Union's statistics office said on Thursday confirming its earlier estimate and economists' forecasts. On a monthly basis inflation in the 19 countries sharing the euro went u
New Zealand's economic growth exceeded expectations in the fourth quarter of 2015 despite a downturn in the country's multi-billion dollar dairy industry, official figures released Thursday show. Statistics New Zealand said the economy expanded 0.9 percen
The number of residential building approvals in Germany rose by 8.4 percent to 309,000 in 2015, the highest in 15 years, the Federal Statistics Office said on Thursday.
The Reserve Bank of India on Thursday provided relief to banks taking on debt from their state electricity providers as part of the country's massive bailout of its utilities, according to three bankers who received a letter from the central bank.
The French government improved slightly a proposed pay increase for civil servants after a six-year wage freeze, a union source said after a first offer was rejected. The Socialist government offered to increase the reference index for civil servants wage
Russia's industrial output edged up in February for the first month in more than a year, adding to signs the economy could be starting to stabilise following an extended slump. Industrial output rose by 1 percent year on year in February, the sector's fir
Australian employment barely rose in February but the jobless rate still fell back to 5.8 percent as fewer people went looking for work, a mixed report that did little to clarify the outlook for either the labour market or interest rates.
Bank of England policymakers said sterling had been dealt a big hit by uncertainty in the run-up to the referendum on EU membership and that growth could slow, after voting unanimously to keep rates steady.
The number of Americans filing for unemployment benefits rose from a five-month low last week, but remained below a level associated with a strengthening labour market as the economy regains momentum after a slow fourth quarter.
On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 9,666 million. The number of lots traded was 41.93 million. PMEX Commodity Index closed at 2,696. Major business was contributed by gold amounting to PKR 9,030 million followed by
Germany's 2016 wheat crop will fall 1.7 percent on the year to 26.10 million tonnes but will still reach a good average, the country's association of farm co-operatives said on Tuesday. The association forecast the country's 2016 winter rapeseed crop will
Basis bids for hard red winter wheat were flat in the southern US Plains on Tuesday amid slow farmer selling and light demand from millers and exporters, dealers said.
ICE Canadian canola futures climbed to a fresh three-week high on Tuesday, supported by a weaker Canadian dollar and export demand. Lack of farmers selling to exporters and processors seen supporting the market, a trader said.
The Karachi Port handled 126,366 tonnes of cargo comprising 102,025 tonnes of import cargo and 24,341 tonnes of export cargo including 5,026 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
The March vaida was lower on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The March vaida closed at Rs 2051.60 and it commenced with a decline of Rs 1.10 at Rs 2050.50 in the early hours, they said.
Some leading ginners refrained from making new deals on expectations of better profits, dealers said on the cotton market on Thursday. The official spot rate was unchanged at Rs 5,200, dealers said. In Sindh, seed cotton prices were at Rs 2000-2200, and i
Thursday saw a low volume of trading activity in the ready cotton market. In fact, the market was reported to be subdued with rates on the declining side. Larger mills are mostly covered as earlier they had opted to purchase imported cottons to meet their
Thursday saw a low volume of trading activity in the ready cotton market. In fact, the market was reported to be subdued with rates on the declining side. Larger mills are mostly covered as earlier they had opted to purchase imported cottons to meet their
Spot basis bids for corn and soyabeans held mostly steady around the US Midwest on Tuesday amid limited prompt demand from end users following farmer sales in recent days, dealers said. Some grain merchants who were pushing for supplies late last week wer
Moong prices were sharply lower on the wholesale grain market on Thursday in the process of trading, dealers said. On the cereals side, Moong Afghan lost Rs 1875 to Rs 10125, other commodities held the overnight levels, they said.
Cuba put four dissidents on a flight bound for the United States, an opposition member said Wednesday, calling their release "a gift" to US President Barack Obama. The development comes days before Obama makes a historic visit to Cuba, a milestone in the
European countries must do a better job sharing information on the risk to civil aviation over conflict zones, said a report commissioned after the downing of MH17 over Ukraine and published Thursday. The European Aviation Safety Agency (EASA) said in a s
Footage has emerged of a Japanese journalist who went missing in Syria apparently asking for Tokyo's help in securing his release. The Japanese government said Thursday it was studying the video of Jumpei Yasuda, who has not been heard from since the midd
The United States declared Thursday that the Islamic State group's slaughter of Christians, Yazidis and Shiites in Iraq and Syria amounts to a genocide and vowed to halt it. Secretary of State John Kerry's "moral statement" does not place the United State
French youths set off smoke bombs and scuffled with police on Thursday as they protested against proposed labour reforms, despite government climb-downs on the contentious bill. The measures are aimed at freeing up the labour market and reining in France'
Saudi-led air strikes on a market killed 119 people this week in northern Yemen's rebel-held Hajja province, the United Nations said Thursday, nearly three times the previously reported death toll. Among those killed in Mastaba district on Tuesday were 22
Morocco threatened Thursday to take further measures in retaliation for UN Secretary-General Ban Ki-moon's description of Moroccan rule over Western Sahara as an "occupation". Foreign Minister Salaheddine Mezouar told reporters that "decisions will be ann
US Defence Secretary Ashton Carter on Thursday called Iran's brief detention of American sailors in the Gulf earlier this year an "outrageous" action inconsistent with international law.
Temperatures across the planet soared again last month, setting a new heat record for the warmest February since modern records began, the National Oceanic and Atmospheric Administration said Thursday.
Egypt's stock market rose sharply for a fourth straight day on Thursday as investors welcomed this week's currency devaluation, while higher oil prices boosted Gulf markets. The Cairo index jumped 3.6 percent to 7,486 points in the second heaviest trading
Australian shares rose nearly 1 percent on Thursday, after the US Federal Reserve signalled it would raise rates more slowly than expected this year, which helped drive up gold, metals and oil prices.
Wall Street edged up on Thursday as FedEx and GE shares lifted the industrials sector, a day after the Federal Reserve's lowered projection of two interest rate hikes in 2016 pushed the S&P 500 to its highest close this year. The Dow eked out a small prof
The S&P 500 closed at its highest level of the year on Wednesday after the US Federal Reserve left interest rates untouched and signalled fewer rate hikes in coming months. The Fed indicated moderate US economic growth and "strong job gains" would allow i
Hong Kong shares finished higher on Thursday after the Federal Reserve reduced the number of expected interest rate hikes this year, buoying global equities. The Hang Seng index rose 1.2 percent to 20,503.81 points, while the China Enterprises Index gaine
US Treasury yields fell across the board on Wednesday after the Federal Reserve, as expected, held interest rates steady while revising its outlook for interest rate increases to just two by the end of the year. At the December meeting of the Federal Open
US Treasury yields fell across the board on Wednesday after the Federal Reserve, as expected, held interest rates steady while revising its outlook for interest rate increases to just two by the end of the year. At the December meeting of the Federal Open
Tokyo stocked closed lower for a third successive day on late selling Thursday as the yen rallied after the Federal Reserve lowered its outlook for further US interest rate hikes this year. Tokyo's loss followed comments by Fed boss Janet Yellen Wednesday
India's NSE index rose 0.18 percent on Thursday tracking a rally in Asian markets after the US Federal Reserve signalled fewer rate hikes this year, but profit-taking capped broader advances. The broader NSE index rose 0.18 percent to end at 7,512.55 poin
China stocks rose more than 1 percent on Thursday as bargain hunting in technology stocks offset weakness in financial shares. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.1 percent to 3,124.20 points, while the Shangha
European equities fell on Thursday, dragged down by exporters as the euro strengthened against the dollar after the US Federal Reserve flagged fewer rate rises this year than previously expected. Mining companies, however, were among the beneficiaries as
Sri Lankan shares rose for a second straight session on Thursday and closed at their highest level in two weeks as local investors bought beaten-down stocks. The benchmark share index ended 0.78 percent firmer at 6,068.17, its highest close since March 2.
Southeast Asian stock markets rose on Thursday as Asia and regional currencies climbed after the US Federal Reserve reduced the number of expected interest rate hikes this year, lending support to broader risk sentiment.
UK shares edged higher on Thursday, outperforming their European counterparts, as miners were boosted by a weaker dollar after the US Federal Reserve's dovish decision to hold interest rates steady. The Fed also indicated on Wednesday that moderate US eco
Project Director SKP Consultant Limited, Mustafa Zaidi has said that Small Medium Enterprises (SMEs) sector is the backbone of economy in the country and the government wants to devise a comprehensive strategy to develop the sector. He said this while spe
Chief Secretary Sindh has constituted a committee to help rehabilitate the export-oriented seafood auction halls mainly K-I and K-III and other ancillary facilities at Karachi fish harbour.
Karachi Tax Bar Association (KTBA) has proposed to the Federal Board of Revenue (FBR) to bring the rate of sales tax down to single digit. The KTBA in its budget proposals sent to the chairman FBR Nisar Muhammad Khan termed the current rate of sales tax @
Karachi Tax Bar Association (KTBA) has proposed to the Federal Board of Revenue (FBR) to bring the rate of sales tax down to single digit. The KTBA in its budget proposals sent to the chairman FBR Nisar Muhammad Khan termed the current rate of sales tax @
Syed Rehan Hasan Jafri has been elected as President Karachi Tax Bar Association (KTBA) for the term of 2016-2017. In a statement issued by KTBA here on Thursday, in the 59th Annual General Meeting of the KTBA held on March 17, 2016, Jafri has been electe
A 19-member delegation of Rice Exporters Association of Pakistan (REAP) led by Noman Ahmed Sheikh, Senior Vice Chairman, has left for China. The delegation will visit three leading cities including Beijing, besides meeting with Chinese officials for promo
President of Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has urged the government to take notice of the falling exports which will leave country on the mercy of remittances and the IMF.
The country's total liquid foreign reserves increased by $196 million during the last week. According to the State Bank of Pakistan (SBP) weekly foreign exchange report issued on Thursday, Pakistan's total liquid foreign reserves reached $20.718 billion l
The Institute of Chartered Accountants of Pakistan (ICAP) organised an interactive seminar on 'New Auditor Reporting Model - A Fundamental Shift', here at ICAP House on Thursday. To enhance the value of auditors' report for stakeholders and users, Interna
Approximately 2,50,000 infants born with foot disabilities each year world-wide out of which 80 percent such cases are reported from developing countries and if these new-born children remain untreated, it cause permanent disabilities, humiliation as affe
National Electric Power Regulatory Authority (Nepra) on Thursday organised public hearing on K-Electric's petition concerning monthly and quarterly fuel adjustment charges (FAC) at a local hotel. The power utility has requested the regulatory body to allo
The joint team of Surveillance and Monitoring, Distribution and Maintenance, CRD's task force and Security Department of Sui Southern Gas conducted a raid at a famous restaurant located in KDA Scheme No 1, near Shahrah-e-Faisal, Karachi and illegal gas co
Governor Sindh Dr Ishrat ul Ebad Khan has said that restoration of construction work on second track of Lyari Express Way (LEW), which was pending since 2008, is a welcome news for Karachiites which would ensure much improved transport facilities to commu
The value of Canadian wholesale trade remained unchanged in January from December as lower auto sales cancelled out gains in other sectors, Statistics Canada said on Thursday. Analysts in a Reuters poll had predicted a 0.2 percent increase in wholesale sa
Global economic growth did not translate into more harmful greenhouse gas emissions from the energy sector last year, the IEA said on Wednesday, a strong indication that growth and increased pollution no longer go hand in hand.
Singapore's exports unexpectedly rose in February from a year ago, helped by a surge in shipments from the statistically volatile pharmaceuticals sector, but the broader trade outlook remains clouded by poor demand from Asian countries.
Capital outflows from China are moderating as the yuan steadies, the country's foreign regulator said on Wednesday, as data showed less foreign exchange selling by commercial banks in February.
South Korea's unemployment rate in February spiked to its highest in six years due to a holiday disrupting the job market, government data showed on Wednesday, adding to concerns over the health of the economy.
Indonesia's central bank, moving while US interest rates are steady, on Thursday made its third rate cut this year, expanding its bid to help raise the country's sluggish growth pace.
Algeria has decided to reduce its imports by 15 percent in 2016 to save foreign currency reserves as the crash of oil prices has put the Opec state under financial pressure, according to a letter to banks from the prime minister.
The Consul General of United States in Peshawar William Martin called on speaker, Khyber Pakhtunkhwa Assembly, Asad Qaiser here on Thursday. MS Katreen Hoffoman, Provincial Minister Anisa Zeb, Members Provincial Assembly Mehmood Khan Bethni and Sardar Aur
Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that construction of Swat Expressway will pave way for exploitation of tourism opportunities and promotion of industries in the area while planning for establishment of economic zones at Swat and C
United Business Group's (UBG) general secretary Zubair F. Tufail has urged Federal Minister for Commerce Khurram Dastgir to take appropriate measures for organising Pakistan's single-country exhibition in Iran for the expansion of trade between the two co
Overseas Pakistanis sent remittances amounting to $71.27 billion during the last five years, a senior official of Ministry of Foreign Affairs told a parliamentary body on Thursday.
Fauji Fertiliser Company has achieved net profit after tax of Rs16.766 billion, with EPS of Rs13.18 and paying out dividend of Rs11.86 per share. The FFC has created two new benchmarks in terms of highest-ever sales revenue of Rs86.321 billion (including
A joint investigation team (JIT) has been constituted to probe the powerful bomb explosion in a bus carrying government employees on Wednesday. The committee comprises KP Police and Counter Terrorism Department (CTD) personnel. The team has approached Mal
The Special Assistant to the Prime Minister on Foreign Affairs (SAPM), Syed Tariq Fatemi, received the Chairman of the Lower House of the Parliament of Republic of Tajikistan (Majlisi Namoyndagon), H.E Shukurjon Zuhurov, along with a Tajik Parliamentary d
Provincial bureaucracy shelved the South Punjab Empowerment Plan with the observations that it is not applicable/feasible due to some administrative and financial constraints. The Punjab Chief Minister Mian Shahbaz Sharif had constituted a sub-committee h
The Institute of Strategic Islamabad (ISSI) organised a public talk on Thursday on "Pakistan-Russian Relations" under its Ambassador's Platform series. The distinguished speaker on the occasion was Alexey Yurievich Dedov, Ambassador of the Russian Federat
Pakistan and Turkmenistan have decided to improve connectivity by establishing communication corridors that would be conducive to tap the potential of trade and economic interaction, people-to-people contacts and tourism.
US Consul General Brian Heath welcomed 350 music lovers to a concert featuring Sangat - an ensemble of musicians from the University of Texas (UT) Austin and National Academy of Performing Arts (NAPA).
Soneri Bank has taken another leap to enhance the technology platform in line with its focus to improve customer experience and wide range of product offering by signing agreement with Temenos for T24 core banking system.
Mohafiz is a life saving application, designed in the wake of the APS attack and developed over the course of one year, allowing a person to broadcast life-threatening situations to the nominated In Case of Emergency (ICE) contacts through SMS.
In line with the continuous digitisation of its services to meet demands of smartphone users, Mobilink is proud to announce an Android-based Mobicash application for the facilitation of its mobile account users.
"Pakistan is an emerging international market, it has a big economic potential and is the attractive place for investment," British Deputy High Commissioner in Karachi, John Tucknott said this while talking to media, here.
Directorate General of Intelligence and Investigation Inland Revenue (IR) Karachi as part of a campaign to bracket high net-worth individuals into tax net and plug revenue leakage raided a modern medical centre of Karachi and impounded partial accounts an
Senate Standing Committee on Parliamentary Affairs has urged the Election Commission of Pakistan (ECP) to play an assertive role and exercise autonomy for ensuring smooth elections.
The Election Commission of Pakistan (ECP) has not decided yet to place the asset and wealth declaration of Parliamentarians on its website for public information, sources said. ECP official claimed that a notification was recently issued on publishing the
State Minister for National Health Services, Regulations and Coordination, Saira Afzal Tarar on Thursday said that the multinational pharmaceutical companies were setting aside international standards and norms when they start their business in Pakistan.
Bahria University Karachi Campus hosted 1st National Conference on "Emerging Trends and Innovations in Computing & Technology" (NACTICT '16). A two-day conference organised on 15th and 16th March, 2016.
This is apropos the remarks of Saleem Mandviwalla, Chairman of the Senate Committee on Finance, that the Trade Development Authority of Pakistan "should be done away with". It is ironical that the honourable Senator has made this suggestion today and not
The dollar nursed losses in Asian trading on Thursday after declining sharply following the US Federal Reserve's decision to halve its outlook for interest rate increases to two from four by the end of this year. The greenback did manage to claw back some
The dollar sank broadly on Thursday, falling almost another 2 percent to its weakest against the yen since late 2014 after a Federal Reserve meeting that left markets convinced US interest rates would not rise soon.
The dollar tumbled against major currencies on Thursday, a day after the Federal Reserve pared back expectations for interest rate increases, while the yen was volatile on speculation the Bank of Japan was concerned about the Japanese currency's strength.
The dollar fell sharply on Wednesday after the Federal Reserve kept interest rates unchanged, but reduced its expectations for interest rate hikes in 2016 to two from four. In a statement many investors regarded as more accommodating for looser policy tha
Sri Lankan rupee forwards ended weaker on Thursday on importer dollar demand amid growing uncertainty after the announcement of new tax hikes, dealers said. One-week rupee forwards, which act as a proxy for the spot currency, ended at 145.55/65 per dollar
The Malaysian rinngit, Indonesian rupiah and South Korean won all rose more than 1 percent versus the dollar on Thursday, after the US Federal Reserve halved its outlook for interest rate hikes to two by year-end. Many Asian currencies hit multi-month hig
The Australian dollar scaled an eight-month peak and its New Zealand counterpart rose sharply on Thursday in the wake of solid domestic data and dovish comments from the US Federal Reserve. The New Zealand dollar was a clear outperformer with a leap of on
Sterling jumped past $1.45 on Thursday and was on track for its best daily gain in a year, after the Bank of England kept interest rates unchanged as expected and said rates were more likely to rise than not over the next three years.
China's yuan strengthened against the dollar on Thursday after the central bank fixed a stronger midpoint in line with the greenback's global slump after the US Federal Reserve revised its outlook for future interest rate hikes.
Italian deputies on Thursday approved a new law aimed at curbing food waste which will make it easier for supermarkets, wholesalers and farmers to pass unsold products on to charities. The draft legislation, which is expected to be definitively approved s
