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May 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-04-13
South Africa's growth path not at risk over political tensions: Treasury

South Africa's growth path not at risk over political tensions: Treasury

Political upheavals will not divert the government's attention from implementing growth policies in South Africa as it battles to stave off potential credit rating downgrades, the Treasury said on Monday. President Jacob Zuma survived an impeachment vote
Published 13 Apr, 2016 12:00am
Taiwan March exports fall, raising chance of Q1 GDP contraction

Taiwan March exports fall, raising chance of Q1 GDP contraction

Taiwan's exports fell more than expected in March, increasing the chances the trade-reliant economy did not escape a third straight year-on-year contraction in the first quarter. The island's exports, considered a gauge of global demand for gadgets world-
Published 13 Apr, 2016 12:00am
Nigeria wants to boost non-oil income by 87 percent to offset oil slump

Nigeria wants to boost non-oil income by 87 percent to offset oil slump

Nigeria expects its non-oil revenues to nearly double this year as Africa's top oil producer seeks to offset a slump in oil revenues, according to a presentation seen by Reuters on Monday. President Muhammadu Buhari plans a record 6.06 trillion naira ($30
Published 13 Apr, 2016 12:00am
Deutsche Bank freezes expansion in North Carolina over anti-LGBT law

Deutsche Bank freezes expansion in North Carolina over anti-LGBT law

Deutsche Bank, Germany's biggest lender, on Tuesday added its voice to a growing protest by major companies against legislation recently passed in some US states targeting gay and transgender people. The bank said in a statement that it would "freeze plan
Published 13 Apr, 2016 12:00am
Italian industry output drops

Italian industry output drops

Italian industrial output fell as expected in February after a surge the previous month, data showed on Monday, confirming prospects for continuing but weak economic growth. Output declined 0.6 percent in February from the month before, the third fall in
Published 13 Apr, 2016 12:00am
Brazil's retail sales rise unexpectedly in February

Brazil's retail sales rise unexpectedly in February

Retail sales in Brazil rose unexpectedly in February on strong demand for supermarket items and furniture, government data showed on Tuesday in a surprising sign of life from an economy mired in a deep recession for more than a year. Retail sales volumes,
Published 13 Apr, 2016 12:00am
Tesla recalls 2,700 Model X SUVs for seat problem

Tesla recalls 2,700 Model X SUVs for seat problem

Tesla Motors is recalling 2,700 Model X sport utility vehicles to fix a locking hinge that could allow third-row seat backs to fold forward, the automaker said Monday. The recall affects SUVs bought before March 26. "If a recliner were to slip during a cr
Published 13 Apr, 2016 12:00am
US shale output drop seen for seventh month running in May

US shale output drop seen for seventh month running in May

US shale oil production is expected to fall by a record amount in May in the seventh straight month of declines, a US government forecast showed on Monday, as fallout from a 21-month price rout appears to be picking up steam. Total output is seen dropping
Published 13 Apr, 2016 12:00am
Streaming brings music industry first growth in nearly 20 years

Streaming brings music industry first growth in nearly 20 years

The recorded music industry has enjoyed its first significant growth since the dawn of the Internet age, as streaming led digital to overtake physical sales, a global trade body said Tuesday. Recorded music revenue expanded by 3.2 percent in 2015 world-wi
Published 13 Apr, 2016 12:00am
ECB policy causing 'extraordinary problems', says Germany's Schaeuble

ECB policy causing 'extraordinary problems', says Germany's Schaeuble

The European Central Bank's record low interest rates are causing "extraordinary problems" for German banks and pensioners and risk undermining voters' support for European integration, Finance Minister Wolfgang Schaeuble told Reuters. But the veteran min
Published 13 Apr, 2016 12:00am
Australian businesses report best conditions in eight years

Australian businesses report best conditions in eight years

Australian firms across most industries saw improving conditions in March, lifting an index to its highest in eight years, a survey showed on Tuesday. National Australia Bank's monthly survey of more than 400 firms showed its index of business conditions
Published 13 Apr, 2016 12:00am
Fitch cuts Saudi Arabia's credit rating over oil price fall

Fitch cuts Saudi Arabia's credit rating over oil price fall

Fitch Ratings on Tuesday lowered Saudi Arabia's long-term credit rating, saying the plunge in oil prices had "major negative implications" for the world's biggest crude exporter. The agency also noted increased tensions with long-time rival Iran and great
Published 13 Apr, 2016 12:00am
EU offers new plan to tackle corporate tax dodging
Kerb

EU offers new plan to tackle corporate tax dodging

Large companies would have to publicly disclose tax and financial data under proposals the European Commission put forth on Tuesday, in an effort to eliminate tax schemes costing European Union states billions of euros in lost tax revenues. The EU executi
Published 13 Apr, 2016 12:00am
Renzi signs potentially huge business deals in Iran
Exchange

Renzi signs potentially huge business deals in Iran

Italy and Iran signed deals potentially worth billions on Tuesday when Prime Minister Matteo Renzi visited Tehran seeking a strong Italian foothold in a nation hungry for infrastructure investment as it emerges from financial isolation. Renzi was accompan
Published 13 Apr, 2016 12:00am
Japanese bank Nomura cutting 1,000 jobs in Europe, US

Japanese bank Nomura cutting 1,000 jobs in Europe, US

Japanese investment bank Nomura is slashing about 1,000 jobs as it overhauls its European and US divisions amid a global equity market slump, a report said Tuesday. The company confirmed it was axing jobs in both regions and "closing certain businesses" i
Published 13 Apr, 2016 12:00am
UK inflation hits 15-month high, boosted by airfares

UK inflation hits 15-month high, boosted by airfares

British inflation hit its highest level in 15 months in March as an earlier-than-usual Easter holiday pushed up airfares, according to data that is likely to reassure the Bank of England that near-zero price growth is coming to an end. Sterling and Britis
Published 13 Apr, 2016 12:00am
Nigeria to include yuan in its foreign reserves
Exchange

Nigeria to include yuan in its foreign reserves

Africa's biggest economy Nigeria agreed Tuesday to include China's yuan currency in its foreign reserves as Beijing seeks closer ties and greater political and economic heft on the resource-rich continent. At a signing ceremony in Beijing, Presidents Xi J
Published 13 Apr, 2016 12:00am
Tokyo stocks surge
Exchange

Tokyo stocks surge

Tokyo shares booked an exporter-led rally Tuesday, as the yen slipped after the Japanese government again raised the possibility of intervention in forex markets to stem the unit's steep rise. Finance Minister Taro Aso told a press conference on Tuesday m
Published 13 Apr, 2016 12:00am
Wall Street ends lower as investors ready for earnings
Exchange

Wall Street ends lower as investors ready for earnings

Wall Street closed slightly lower on Monday, with gains in materials and banks countered by declines in consumer staples shares, as investors girded for the start of an earnings season expected to be gloomy. Equities gave up gains late in the day with the
Published 13 Apr, 2016 12:00am
Hong Kong shares rise

Hong Kong shares rise

Hong Kong shares finished firmer on Tuesday, taking their cue from some buoyant markets in the region while shrugging off weakness in mainland China's markets. The Hang Seng index rose 0.3 percent, to 20,504.44, while the China Enterprises Index gained 0.
Published 13 Apr, 2016 12:00am
Treasury yields flat

Treasury yields flat

US Treasury yields were flat on Monday as growing hopes of stimulus in China and the potential for intervention in Japan helped support bids for riskier assets like oil and stocks. With no major US data due and thin liquidity, Treasuries sold off early, f
Published 13 Apr, 2016 12:00am
Treasury yields flat

Treasury yields flat

US Treasury yields were flat on Monday as growing hopes of stimulus in China and the potential for intervention in Japan helped support bids for riskier assets like oil and stocks. With no major US data due and thin liquidity, Treasuries sold off early, f
Published 13 Apr, 2016 12:00am
Australian, New Zealand shares soar

Australian, New Zealand shares soar

Australian shares ended 0.9 percent higher on Tuesday led by strong gains in banking and resources firms, helping the benchmark rebound from a five-week low touched last week. The S&P/ASX 200 index climbed 44.07 points to 4,975.6 at the close of trade. Th
Published 13 Apr, 2016 12:00am
Indian stocks rise for second session

Indian stocks rise for second session

Indian shares rose for a second consecutive session on Tuesday, led by companies with big rural sales such as Hero MotoCorp, which gained after the country's only private weather forecaster said 2016 monsoon rains were likely to be above average. The broa
Published 13 Apr, 2016 12:00am
Tech, property sell-off leads China shares lower
Currency

Tech, property sell-off leads China shares lower

China's main stock indexes fell on Tuesday, dragged lower by property and tech shares, as investors took profit from the previous session's more than 1 percent rally. The bluechip CSI300 index fell 0.4 percent, to 3,218.45, while the Shanghai Composite In
Published 13 Apr, 2016 12:00am
European shares up led by miners; Italian banks plunge

European shares up led by miners; Italian banks plunge

European shares rose on Tuesday at the end of a choppy session, helped by gains among mining companies, but Italy underperformed as its banks snapped a two-day winning streak. The pan-European FTSEurofirst 300 index and the euro zone's bluechip Euro STOXX
Published 13 Apr, 2016 12:00am
Sri Lankan shares gain

Sri Lankan shares gain

Sri Lankan shares jumped over 1.2 percent on Tuesday as local investors bought risky assets, after an International Monetary Fund statement said a three-year loan programme is expected to conclude in two weeks, dealers said. Sri Lanka has requested for an
Published 13 Apr, 2016 12:00am
Southeast Asian stocks mostly up

Southeast Asian stocks mostly up

Most Southeast Asian markets rose on Tuesday, with a tax cut plan by Indonesia helping stocks rebound from the biggest one-day loss in seven weeks, while Thailand had its best day since March 30 ahead of a long holiday. Leading the regional market, Thaila
Published 13 Apr, 2016 12:00am
Late oil surge boosts FTSE to strong finish

Late oil surge boosts FTSE to strong finish

UK shares advanced on Tuesday in choppy trade, buoyed by a rally in the energy sector after oil prices rose on a report that Saudi Arabia and Russia had reached agreement on output restrictions. The FTSE 350 Oil and Gas index ended 1.5 percent higher, tur
Published 13 Apr, 2016 12:00am
Yuan weakens
Currency

Yuan weakens

China's yuan weakened on Tuesday as dollar demand from banks' corporate clients offset a stronger central bank midpoint, traders said. "Corporate dollar demand has been on the rise since the start of this year as more Chinese companies conduct M&A activit
Published 13 Apr, 2016 12:00am
Dollar remains on defensive in Asia
Currency

Dollar remains on defensive in Asia

The US dollar remained on the defensive on Tuesday, after carving out a fresh low on the break of a technical barrier overnight as momentum sellers joined in the fray. The dollar index was swept to a near eight-month low of 93.748 on Monday as the October
Published 13 Apr, 2016 12:00am
Dollar drops to eight-month low in Europe
Currency

Dollar drops to eight-month low in Europe

The dollar fell to its weakest since late August against a basket of currencies on Tuesday, while commodity-linked currencies climbed, as a rise in oil prices whetted investors' appetite for riskier assets across financial markets. The greenback has been
Published 13 Apr, 2016 12:00am
Dollar dips versus yen, weakens broadly in New York
Currency

Dollar dips versus yen, weakens broadly in New York

The dollar slipped against the yen on Monday while weakening across a broad swathe of currencies, under continued pressure as the US Federal Reserve has kept interest rate hike expectations low. The greenback briefly gained against the yen, after hitting
Published 13 Apr, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 78.40-78.40 (previous 78.40-78.40).
Published 13 Apr, 2016 12:00am
Sri Lanka five-day rupee forwards down
Currency

Sri Lanka five-day rupee forwards down

Sri Lankan five-day rupee forwards edged down on Tuesday due to importer dollar demand ahead of holidays later this week, dealers said, even as the central bank chief said the currency was settling down after a period of high volatility. The forwards, kno
Published 13 Apr, 2016 12:00am
Soft dollar props up Asia FX
Exchange

Soft dollar props up Asia FX

Most emerging Asian currencies edged up on Tuesday as a broad weakness in the dollar supported commodities such as oil while gains in regional stocks also bolstered sentiment. The Chinese yuan, however, slid as corporate dollar demand offset a stronger ce
Published 13 Apr, 2016 12:00am
Egyptian pound stable
Exchange

Egyptian pound stable

The Egyptian pound was stable at Tuesday's foreign currency sale but strengthened slightly on the black market, a day after a five-day visit by Saudi Arabia's King Salman saw the signing of billions of dollars worth of investment projects. Egypt's central
Published 13 Apr, 2016 12:00am
Poll putting Brexit camp ahead knocks back sterling
Exchange

Poll putting Brexit camp ahead knocks back sterling

Sterling handed back early morning gains on Tuesday after an opinion poll showed the "Out" campaign three points in front before June's referendum on whether Britain should remain in the European Union. Major banks have said the pound could lose around a
Published 13 Apr, 2016 12:00am
Aussie, kiwi soar

Aussie, kiwi soar

The Australian and New Zealand dollars rose on Tuesday after an upbeat local business survey combined with firm iron ore prices. A weakening yen underpinned appetite for risk assets, which also helped the Australian and New Zealand currencies. The Austral
Published 13 Apr, 2016 12:00am
South Korea woos economy class golf lovers in image makeover

South Korea woos economy class golf lovers in image makeover

If the government has its way more South Korean golfers will be carrying their own clubs, walking between holes rather than riding in a cart, and there will be more public courses. The government wants more people to play by making the sport more affordab
Published 13 Apr, 2016 12:00am
Federer dominant, Murray struggles at Monte Carlo

Federer dominant, Murray struggles at Monte Carlo

Roger Federer made a flawless comeback after two and a half months away, as the Swiss advanced over Guillermo Garcia-Lopez 6-3, 6-4 on Tuesday to power into the third round of the Monte Carlo Masters. But it was a struggle for number two Andy Murray, who
Published 13 Apr, 2016 12:00am
Malakand Region Inter-District Women Games begin

Malakand Region Inter-District Women Games begin

Khyber Pakhtunkhwa Swat Region Inter-District Women Games were kicked up amidst tight security in and around Makan Bagh Ground with great enthusiasm witnessed among male participants Tuesday. Member Provincial Assembly Fazali Hakeem was the chief guest on
Published 13 Apr, 2016 12:00am
Australian rugby's worst financial loss in over a decade

Australian rugby's worst financial loss in over a decade

Australian Rugby Union (ARU) recorded a deficit of almost Aus$10 million (US $7.6 million) last year in its worst result in over a decade, the organisation has told stakeholders. The governing body's financial predicament worsened after losses of Aus$9.8
Published 13 Apr, 2016 12:00am
Greek teams avoid Grexit

Greek teams avoid Grexit

FIFA representative Kostakis Koutsokoumnis announced Tuesday that the Greek Cup competition will resume avoiding the threat of the country's suspension from European or international competition. Koutsokoumnis, who is also Cyprus Football Association pres
Published 13 Apr, 2016 12:00am
Australia draw Japan in World Cup qualifying

Australia draw Japan in World Cup qualifying

Asian champions Australia landed in the same group as heavyweights Japan on Tuesday as teams were drawn for the final stage of regional qualifying for the 2018 World Cup. Ange Postecoglou's Socceroos will also face Iraq, Saudi Arabia, the United Arab Emir
Published 13 Apr, 2016 12:00am
Ireland reveal Afghanistan series

Ireland reveal Afghanistan series

Ireland will face Afghanistan in a five-match one-day series at Belfast's Stormont ground in July, officials announced Tuesday. The teams are two of the world's leading non-Test or Associate nations. Afghanistan impressed again on the international stage
Published 13 Apr, 2016 12:00am
China aiming to be one of world's top football teams by 2050

China aiming to be one of world's top football teams by 2050

China aims to turn its national soccer team into one of the world's best by 2050, state media said on Tuesday, as the country continues to map out ways of revitalising a sport damaged by match-fixing scandals and poor performances on the pitch. China has
Published 13 Apr, 2016 12:00am
Fame Football League enters into super round

Fame Football League enters into super round

The Baba Cargo Football Club beat Quaid Manga Football Club while the Real Lahore Football Club beat the Campus United Football Club in the Super Round of the Second Fame Football League Cup 2015-16. In the first match, the Baba Cargo Football Club beat Q
Published 13 Apr, 2016 12:00am
Taylor forced to retire because of heart problem

Taylor forced to retire because of heart problem

Nottinghamshire and England batsman James Taylor has been forced to retire at the age of just 26 because of a "very serious" heart condition, his county announced on Tuesday. Taylor, who won the last of his seven caps in England's most recent Test against
Published 13 Apr, 2016 12:00am
Greece steps up evacuation of migrant border camp

Greece steps up evacuation of migrant border camp

Around 700 migrants have agreed to leave a squalid camp on Greece's border with Macedonia since violence broke out at the weekend when a group of migrants tried to storm the frontier, sources said Tuesday. "On Monday, seven buses carrying 300 people left
Published 13 Apr, 2016 12:00am
WFP raises alarm over threatsto fragile Syria truce

WFP raises alarm over threatsto fragile Syria truce

The UN's World Food Programme raised alarm on Tuesday that escalating violence in Syria could derail a fragile truce that has helped facilitate increased aid deliveries. In an interview with AFP in Damascus, the WFP's deputy regional head Matthew Hollingw
Published 13 Apr, 2016 12:00am
Number of planned West Bank settlements spirals

Number of planned West Bank settlements spirals

The number of West Bank settlements Israel plans to build more than tripled in the first quarter of 2016 compared to the same period last year, an Israeli NGO said Tuesday. Settlement watchdog Peace Now said in a statement that between January and March,
Published 13 Apr, 2016 12:00am
Rousseff brands VP a traitor, denounces 'coup'

Rousseff brands VP a traitor, denounces 'coup'

Brazilian President Dilma Rousseff took off the gloves Tuesday, branding her vice president a traitor and conspirator in impeachment proceedings that she labelled a coup in disguise. In a blistering speech days ahead of a crucial impeachment vote in Congr
Published 13 Apr, 2016 12:00am
Iraqi PM delivers new cabinet list

Iraqi PM delivers new cabinet list

Iraq's premier presented a new list of cabinet nominees on Tuesday that angered some lawmakers, who criticised it as perpetuating the system of ministries being distributed according to political quotas. Parliament descended into chaos after the session w
Published 13 Apr, 2016 12:00am
India's business city Gurgaon renamed 'Gurugram'

India's business city Gurgaon renamed 'Gurugram'

India's well-heeled city of Gurgaon on the outskirts of New Delhi on Tuesday was formally renamed 'Gurugram' by the local Hindu nationalist government, an official said. Also dubbed Millennium City, the satellite town near the capital is home to scores of
Published 13 Apr, 2016 12:00am
France gives jail terms to 12 in Syria jihadist network

France gives jail terms to 12 in Syria jihadist network

Twelve members of a France-based jihadist network that sent fighters to Syria were given prison sentences on Tuesday, including a woman who had taken her three children to join her husband there. The court in Paris heard that the group had become radicali
Published 13 Apr, 2016 12:00am
50 states, organisations discuss support for Libya government

50 states, organisations discuss support for Libya government

Around 50 countries and international organisations met in Tunis on Tuesday to discuss "international support" for a new unity government in neighbouring Libya. The one-day meeting sponsored by the United Nations and Great Britain aims to allow representa
Published 13 Apr, 2016 12:00am
Airport disrupted

Airport disrupted

Three weeks after being struck by Islamic State suicide bombers, Brussels Airport was forced to close again briefly on Tuesday due to industrial action by Belgian air traffic controllers. An hour after announcing the problems, the airport operator said in
Published 13 Apr, 2016 12:00am
Belgium charges two, detains three over Brussels, Paris attacks

Belgium charges two, detains three over Brussels, Paris attacks

Belgium has charged two more men with terrorist offences linked to last month's bombings in Brussels and also searched a house related to the attacks in Paris, detaining three people, federal prosecutors said on Tuesday. A judge charged the two men, ident
Published 13 Apr, 2016 12:00am
Erdogan hosts Saudi king to tighten flourishing alliance

Erdogan hosts Saudi king to tighten flourishing alliance

Turkish President Recep Tayyip Erdogan on Tuesday hosted Saudi King Salman at his presidential palace in Ankara, extending a lavish welcome that underlined the growing importance of Ankara-Riyadh ties. Erdogan gave Salman Turkey's highest honour for a for
Published 13 Apr, 2016 12:00am
Yellow fever outbreak kills 21 in Congo

Yellow fever outbreak kills 21 in Congo

Twenty-one people have died of yellow fever in Democratic Republic of Congo, some of them from infections contracted in neighbouring Angola, the World Health Organisation said on Tuesday. An outbreak has already killed 225 people and infected 1,600 in Ang
Published 13 Apr, 2016 12:00am
EU renews Iran rights sanctions

EU renews Iran rights sanctions

The European Union on Tuesday renewed sanctions against Iran over its human rights record, even as it relaxes damaging measures imposed on Tehran to force it to rein in its disputed nuclear programme. "The Council (of member states) decided to extend unti
Published 13 Apr, 2016 12:00am
Cotton rises to highest in nearly two months on short covering
Cotton

Cotton rises to highest in nearly two months on short covering

Cotton futures surged on Monday to the highest in almost two months on short covering amid a weaker dollar and rising demand for the natural fibre. Technicals indicate shorts have "worn out their welcome," said Keith Brown, proprietor and cotton trader at
Published 13 Apr, 2016 12:00am
Shanghai copper up
Exchange

Shanghai copper up

Shanghai Futures Exchange copper ended up by 0.2 percent at 35,980 yuan ($5,568) a tonne on Tuesday as the dollar fell, while encouraging economic signals from China were offset by a looming slowdown in seasonal demand. In China, fresh tax reforms are set
Published 13 Apr, 2016 12:00am
Nickel hits three-week high, copper rises
Exchange

Nickel hits three-week high, copper rises

Nickel the highest in over three weeks while other metals also gained on Tuesday, bolstered by higher oil prices and hopes that production cuts at mines were starting to curb surpluses. Oil prices hit fresh five-month highs after a report that top produce
Published 13 Apr, 2016 12:00am
Rubber soars
Exchange

Rubber soars

Benchmark Tokyo rubber futures extended gains to hit an 8-month high on Tuesday as firmer prices of oil and other commodities fed appetite for risk, while China's solid auto sales in March bolstered hopes of a pick-up in demand in the world's top buyer. T
Published 13 Apr, 2016 12:00am
Wheat falls to five-week low
Currency

Wheat falls to five-week low

US wheat futures fell 3 percent to a five-week low on Monday as weekend rains in the US Plains, and forecasts for more next weekend, eased worries about yield prospects, traders said. Corn followed wheat down, but soyabeans rose to an eight-month high on
Published 13 Apr, 2016 12:00am
Palm oil dips
Vegetable Oil

Palm oil dips

Malaysian palm oil futures fell in evening trade to the lowest in almost a month following the release of government data showing better-than-expected output growth in March. The palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchan
Published 13 Apr, 2016 12:00am
Sugar falls, cocoa up

Sugar falls, cocoa up

Raw sugar on ICE fell to a six-week low on Tuesday, on late-day selling after being buoyed by stronger oil prices, while cocoa firmed ahead of an expected modest increase in European grind on Wednesday. Arabica coffee futures rose for the third straight d
Published 13 Apr, 2016 12:00am
Gold hits highest since mid-March in New York
Exchange

Gold hits highest since mid-March in New York

Gold prices rose to their highest in almost three weeks on Monday, setting the market on course toward $1,300 an ounce, drawing confidence from continued ultra-low interest rates. Weak economic data and uncertainty over US monetary policy has contributed
Published 13 Apr, 2016 12:00am
Gold jumps in Asia
Currency

Gold jumps in Asia

Gold jumped to a three-week peak on Tuesday on expectations the Federal Reserve would not raise US interest rates soon and as the dollar traded close to its lowest in nearly eight months, though profit-taking chipped away at some recent gains. The US curr
Published 13 Apr, 2016 12:00am
Gold climbs in Europe
Currency

Gold climbs in Europe

Gold rose to three-week highs on Tuesday as the dollar sank back to a near 8-month low, weighed down by expectations that the Federal Reserve will keep US interest rates lower for longer. The US currency has been on the back foot since Fed Chair Janet Yel
Published 13 Apr, 2016 12:00am
Africa gold producers wary despite price rebound

Africa gold producers wary despite price rebound

A steep rise in gold prices may have given hope to a battered mining industry in 2016, but after four tough years producers in Africa are still too wary to call the bad times over. Gold prices surged 15 percent in the first three months of 2016, the bigge
Published 13 Apr, 2016 12:00am
Soya climbs to eight-month high
Currency

Soya climbs to eight-month high

US soyabean futures climbed to an eight-month high on Tuesday on hopes that export demand could improve due to harvest delays in Argentina and strength in the currency of Brazil, another key exporter. Rains stalling Argentina's harvest could shift some sa
Published 13 Apr, 2016 12:00am
US MIDDAY: gold steadies

US MIDDAY: gold steadies

Gold was flat after rising to three-week highs on Tuesday as the dollar nudged up from a near 8-month low against a basket of currencies, with the rally in oil helping to improve risk appetite, while silver rose to a 5-1/2-month high. Spot gold touched a
Published 13 Apr, 2016 12:00am
CDA's bank accounts attached, over Rs 70 million recovered

CDA's bank accounts attached, over Rs 70 million recovered

Regional Tax Office (RTO) Islamabad has attached the bank accounts of Capital Development Authority (CDA) and recovered an amount of over Rs 70 million. It is reliably learnt that the bank accounts of the authority have been attached on non-payment of adm
Published 13 Apr, 2016 12:00am
Food inflation data has little to do with market prices: survey

Food inflation data has little to do with market prices: survey

The food inflation, computed by Pakistan Bureau of Statistics (PBS), has no relevance with the prices prevailing in the retail market, revealed a survey conducted by Business Recorder. To find out the reality, Business Recorder visited many
Published 13 Apr, 2016 12:00am
Petition filed against CM House's employee

Petition filed against CM House's employee

A petition against an employee of the Punjab chief minister's house allegedly involved in harassing a Jinnah Hospital staff has been filed in the court. Petitioner Tauqeer Yousaf has claimed that Muhammad Athar Javed Khan had forced him to leave an offici
Published 13 Apr, 2016 12:00am
Punjab PA for compensating rain-hit farmers

Punjab PA for compensating rain-hit farmers

Punjab Assembly here in its 20th session on Tuesday passed a unanimous resolution asking the provincial government to compensate farmers as torrential rains and hail storms had destroyed thousands of acres of maze, wheat and fodder in the province. Legisl
Published 13 Apr, 2016 12:00am
Lecture on autism held at SU

Lecture on autism held at SU

The Department of Psychology with the collaboration of Bureau of STAGS, University of Sindh has organised a lecture on "Awareness of Autism and Learning Disability". The keynote speakers for the event were Rukhsana Shah, Director Autism Spectrum Disorder
Published 13 Apr, 2016 12:00am
National Bank of Pakistan

National Bank of Pakistan

Brief introduction: With an asset base of over Rs 1.7 trillion, National Bank of Pakistan (NBP) is the second largest commercial and largest public sector bank in Pakistan. It has a diversified business portfolio and is a lead player in the debt/eq
Published 13 Apr, 2016 12:00am
National Bank of Pakistan

National Bank of Pakistan

Brief introduction: With an asset base of over Rs 1.7 trillion, National Bank of Pakistan (NBP) is the second largest commercial and largest public sector bank in Pakistan. It has a diversified business portfolio and is a lead player in the debt/eq
Published 13 Apr, 2016 12:00am
World street children's day observed

World street children's day observed

In connection with the World Street Children Day, the SPARK in collaboration with civil society organised a big awareness rally in front of Hyderabad Press Club on Tuesday. Addressing the participants of the rally, the leaders of the civil society includi
Published 13 Apr, 2016 12:00am
New auto policy to lure investments from Europe: PBIF chief
Exchange

New auto policy to lure investments from Europe: PBIF chief

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the new auto policy will lure European investment which will trigger healthy competition among automakers improving quality and reducing prices. He lauded the
Published 13 Apr, 2016 12:00am
SBP allows lockers' operation on Saturdays

SBP allows lockers' operation on Saturdays

The State Bank of Pakistan (SBP) has allowed banks to undertake lockers operation on Saturdays. Previously, banks and Microfinance Banks (MFBs) were inter alia allowed to carry out certain permissible activities on Saturdays. Henceforth, banks / MFBs are
Published 13 Apr, 2016 12:00am
Dr Asim's case: SHC grants protective bail to Anees Qaimkhani

Dr Asim's case: SHC grants protective bail to Anees Qaimkhani

Sindh High Court (SHC) on Tuesday granted protective bail to Pak Sar Zameen (PSZ) Party leader Anees Qaimkhani in Dr Asim case of treating terrorists. Qaimkhani, a former deputy convenor of Muttahida Qaumi Movement, is accused of asking Dr Asim to treat t
Published 13 Apr, 2016 12:00am
Decision to besiege Nawaz's house against all political norms: Sindh CM

Decision to besiege Nawaz's house against all political norms: Sindh CM

Sindh Chief Minister Syed Qaim Ali Shah has said that there should be a thorough inquiry into Panama Leaks but the decision to besiege Nawaz Sharif's house is against political norms and ethics. This he said while talking to media after performing inaugur
Published 13 Apr, 2016 12:00am
CEC Expo plans to hold exhibition in Karachi next March

CEC Expo plans to hold exhibition in Karachi next March

President of CEC Expo, Shao Shulin has informed that CEC Expo, a subsidiary of China National Electronics Import & Export Corporation (CEIEC), ha planned to organise exhibition in Karachi in March 2017 to showcase electronics, home appliances and security
Published 13 Apr, 2016 12:00am
Delegation of 20 CSS Officers visits LUMHS

Delegation of 20 CSS Officers visits LUMHS

A team of 20 CSS Officers led by Brigadier Muhammad Irfan (Retd), Additional Directing Staff, National Institute of Management Lahore visited the Liaquat University of Medical & Health Sciences Jamshoro on Tuesday. The visit was a part of "21st Mid Career
Published 13 Apr, 2016 12:00am
WWB land acquisition case: NAB KP arrests 3 accused

WWB land acquisition case: NAB KP arrests 3 accused

National Accountability Bureau (NAB) Khyber Pakhtunkhwa arrested Muhammad Ilyas Patwari, Raza Shah son of Zahir Shah and Muhammad Idrees allegedly involved in corruption and corrupt practices and kickbacks in acquisition of 500 Kanal Land for Worker Welfa
Published 13 Apr, 2016 12:00am
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