Yields on most US Treasury bonds and notes fell to their lowest levels in more than a week on Tuesday on month-end buying and after US inflation data reinforced doubts that the Federal Reserve would raise interest rates more than one more time in 2017. Pu

A sharp drop in property developer Ezdan Holding rippled across Qatar's stock market on Wednesday while profit-taking in blue chips dragged Abu Dhabi lower, although Dana Gas jumped on hopes for payments from the Kurdistan Regional Government (KRG). Share

Singapore's shares edged up on Wednesday, clocking their fifth straight winning month, while Indonesian stocks also rose in the session, extending their gains to the fourth consecutive month. Asian markets were buoyed by data showing the manufacturing sec

European shares posted their fourth straight month of gains on Wednesday though fresh political worries and the lack of new catalysts following a surprisingly strong earnings season spurred investors to lock in some profits in banks and commodities-relate

Australian shares ended marginally higher on Wednesday as gains in the consumer and financial sectors offset losses in energy and materials stocks, which suffered from weak commodity prices. The S&P/ASX 200 index closed up 0.1 percent at 5,724.60 points,

India's benchmark BSE index ended flat on Wednesday after hitting a record high earlier as caution set in ahead of gross domestic product data later in the day, but still posted a 4.1 percent gain for May, its best monthly performance in a year. The BSE i

Britain's FTSE 100 ended its strongest month of the year on a quiet note on Wednesday as a choppy day for sterling, thanks to an increasingly cloudy picture painted by polls about next week's general election, gave investors little reason to chase the ral

The British pound dropped on Wednesday after a new poll found that British Prime Minister Theresa May's Conservative Party risks falling short of an overall majority in the June 8 national election. The pound was down 0.3 percent at $1.2816 after falling

Britain's pound recovered from a half a percent drop on Wednesday after a poll showed the country's ruling Conservative party still in the lead, overriding a previous projection of a hung parliament in elections next week. Research company Panelbase said

The dollar fell broadly on Wednesday, sliding to two-week lows against the yen and a one-week trough versus the euro amid growing political tension in Washington. The greenback in May was on track to post its worst monthly performance against the euro in

The dollar fell to two-week lows against the safe-haven yen and Swiss franc on Tuesday, as investors turned cautious amid political worries in Europe as well as weaker stock and commodity markets after a long US holiday weekend. "There is a whiff of risk

Interbank buy/sell rates for the taka against the dollar on Wednesday. 80.57-80.57 (previous 80.55-80.57).

Sri Lankan rupee ended slightly firmer on Wednesday due to dollar selling by a foreign bank, but the rupee is expected to weaken as floods and landslides brought damage and dented market sentiment, dealers said. Rupee forwards were active on Wednesday, wi

Asian currencies rose on Wednesday as strong manufacturing data from China coupled with a risk-happy market environment spurred interest in emerging currencies, with the Chinese yuan jumping to its highest in six-and-a-half months. The Chinese yuan shot u

Sterling recovered from its lowest level in more than a month on Wednesday after two surveys showed Prime Minister Theresa May's poll lead in double digits, countering signs she might be set to fall short of a majority in next week's election. The pound s

The New Zealand dollar climbed to a three-month peak on Wednesday, while its Australian counterpart drifted lower on falling commodity prices, having paid little attention to better-than-expected manufacturing data from China. The New Zealand dollar soare

Long-serving Arsenal manager Arsene Wenger has signed a new two-year contract, the club announced on Wednesday, ending months of speculation about his future. Wenger has presided over a gruelling season, which saw his team fail to qualify for the Champion

Petra Kvitova said she is eagerly looking ahead to returning to Wimbledon after her "fairytale" French Open comeback ended in the second round. The Czech star lost 7-6 (7/5), 7-6 (7/5) to American qualifier Bethanie Mattek-Sands at Roland Garros on Wednes

Reigning champion Garbine Muguruza survived a tough French Open second-round challenge from Anett Kontaveit, while men's title-holder Novak Djokovic stormed into the last 32 on Wednesday. Muguruza's patchy form this season included a loss to the world num

As Real Madrid and Juventus prepare to lock horns once more in a Champions League final, memories of their first final meeting 19 years ago come flooding back for one of Madrid's unlikely heroes Predrag Mijatovic. Mijatovic scored "the most beautiful and

England trio Jason Roy, Alex Hales and Ben Stokes will be among the players from around the world pioneering new bat sensors during the upcoming Champions Trophy, it was announced Tuesday. Technology giant Intel has developed a sensor, placed on top of th

Chinese smartphone maker Vivo has signed on to sponsor the 2018 and 2022 World Cups, FIFA said Wednesday, adding to a string of deals between Chinese firms and football's governing body. FIFA has suffered financial hits in the wake of damaging corruption

Three female Russian athletes were given the green light Wednesday to compete internationally as neutrals, world athletics' governing body announced. The International Association of Athletics Federations (IAAF) said its doping review board had agreed tha

Pole vault star Yelena Isinbayeva on Wednesday quit as head of the supervisory council at Russia's anti-doping agency, a step demanded by international officials as Moscow seeks to get its suspension lifted. Russian sports bosses agreed earlier this month

Spectators have long been advised to get to sporting events early and they could miss the key part of Thursday's Champions Trophy opener between England and Bangladesh at the Oval if they aren't in on time. Even in June, early morning cloud cover that aid

Thousands staged demonstrations for a fifth night running in northern Morocco to demand the release of the leader of a months-long protest movement in the neglected Rif region. The region has been shaken by social unrest since the death in October of fish

The US military said Tuesday it had intercepted a mock-up of an intercontinental ballistic missile in a first-of-its-kind test that comes amid concerns over North Korea's weapons program. A ground-based interceptor launched from Vandenberg Air Force Base

The United Nations on Tuesday launched a $75.5-million (67.5-million-euro) appeal to tackle a swelling humanitarian and migration crisis in Libya. The UN's High Commissioner for Refugees (UNHCR) said the funds would go toward providing essential services

Yemen is descending into total collapse, its people facing war, famine and a deadly outbreak of cholera, as the world watches, the UN aid chief said on Tuesday. Speaking to the UN Security Council, Stephen O'Brien said "the time is now" to end the world's

The United Nations General Assembly on Wednesday picked Slovak Foreign Minister Miroslav Lajcak to be its next president. He will succeed Fiji's former ambassador to the United Nations, Peter Thomson, in September and chair the assembly's 72nd session tha

Neo-natal wards and emergency rooms in a northern Syrian hospital will from Tuesday have uninterrupted electricity for the first time in years thanks to new solar panels, a charity said. Hospitals in rebel-controlled Syrian territory face life-threatening

A Russian warship and submarine have fired four cruise missiles from the Mediterranean at Islamic State targets near the Syrian city of Palmyra, the Defence Ministry said on Wednesday. The strike, which Russian news agencies said was the first of its kind

Philippine leader Rodrigo Duterte angrily hit back Wednesday at Chelsea Clinton for criticising remarks he made about rape, using vulgar language while referring to her father's infidelities as American president. Duterte on Friday told soldiers they coul

Fifty years after Israel occupied the Palestinian territories, its policies in the West Bank and Gaza are at the root of Palestinian hardship, the United Nations said Wednesday. "Occupation policies and practices remain the key cause of humanitarian needs

Russian President Vladimir Putin on Wednesday signed a decree relaxing some restrictions on Turkey over business and visa-free entry imposed after Ankara shot down a Russian warplane on the Syrian border. A decree posted on the Kremlin website lifted a ba

A teacher killed two staff at a private school owned by a prominent Saudi billionaire in Riyadh on Wednesday, a security source told AFP. The school was closed and no children were there at the time, the US embassy in Riyadh said. Police were hunting a su

Donald Trump has decided to pull the United States out of the Paris climate accord, US media reported Wednesday, as the president kept the world guessing - saying an announcement will come in the "next few days." An American pullout would deal a devastati

The sub-committee of the Parliamentary Committee on Electoral Reforms on Wednesday concluded its recommendations related to the future electoral process in the country. The committee met for the 92nd session with its convenor Zahid Hamid, Minister for Law

Governor Sindh, Muhammad Zubair called on Deputy Speaker National Assembly Murtaza Javed Abbasi and discussed various issues of mutual interests including the matters related the budget Fiscal Year 2017-18. During the meeting held in Parliament House on W

Punjab Chief Minister Muhammad Shehbaz Sharif has said that new energy projects would be completed in next two months and 5000 megawatt additional electricity will be included in national grid. "Additional 660 megawatt electricity will be gained from Sahi

Provincial Minister for Schools Education Rana Mashood Ahmad Khan has said that Punjab government will bear all the expenses of Fajar Noor's treatment in the hospital. He said this while talking to the media in Ghurki Hospital where he went to inquire aft

ABOUT THE COMPANY: The flagship company of Pakistan's largest business house Nishat Group, Nishat Mills Limited (PSX: NML) has been around since 1951. With 32 manufacturing units that specialise in specific product ranges in Faisalabad, Sheikhupura

ABOUT THE COMPANY: The flagship company of Pakistan's largest business house Nishat Group, Nishat Mills Limited (PSX: NML) has been around since 1951. With 32 manufacturing units that specialise in specific product ranges in Faisalabad, Sheikhupura

Pakistan Navy continues to provide Humanitarian Assistance and Disaster Relief (HADR) Operations in Flood Stricken Sri Lanka through Pakistan Navy Ship ZULFIQUAR. The Ship has already arrived at Colombo with embarked Helicopter ALOUETTE, relief goods, par

Azher Ali Chaudhry, Secretary, Board of Investment on Wednesday said that the BOI will share details of Special Economic Zones (SEZs) with Asian Development Bank for its comprehensive analysis which can serve as a study for BOI to market and match a locat

Awami National Party (ANP) has warned the federal government to protest against the excessive unscheduled power outages in Khyber Pakhtunkhwa. Addressing a news conference at Peshawar Press Club on Wednesday, ANP Central Senior Vice President, Ghulam Ahma

Turkey will provide $10 million to Pakistan for rehabilitation of temporarily displaced persons (TDPs) in Federally Administered Tribal Areas (FATA) and affectees of 2014 floods. An agreement to this effect was signed by Turkish Ambassador Sadik Babur Gir

President Mamnoon Hussain on Wednesday said that Pakistan wants to resolve all of the problems with India through dialogue including the core issue of Indian occupied Kashmir (IOK). "India is violating the resolutions of the United Nations which is furthe

Chief Minister Khyber Pakhtunkhwa (KP) Pervez Khattak has directed against the imposition of new taxes or any increase in the existing taxation system. He stressed for realistic approach through strict financial discipline, cutting down of non-development

The Federal Board of Revenue (FBR) is planning to establish the office of District Taxation Officer across the country, with the target to broaden the tax base and extend the penetration of tax collecting body into the society. "There is a need to expand

The Securities and Exchange Commission of Pakistan (SECP) has filed a criminal complaint in the Karachi sessions court against a group comprising of two brothers, their cousin and their facilitator broker namely Adam Securities Limited, for manipulating i

The government drew flak from MPs in Senate on Wednesday for presenting a budget without National Finance Commission (NFC), as one opposition senator said that the budgetary allocations sans NFC was like giving alms to orphans. The opposition lawmakers ca

Deputy Chairman Senate Maulana Abdul Ghafoor Haideri, who was recently, escaped an assassination attempt, on Wednesday warned in Senate if Balochistan provincial government fails to take action against terrorists, election campaign in the province for nex

Senior Vice President of Site Superhighway Association of industry (SSAI), Sultan Salahuddin Chishti has urged the government of Sindh to compensate the owners of Super Plastic Industries to overcome losses they suffered due to fire in the unit. Expressin

The Securities and Exchange Commission of Pakistan has proposed new Modaraba law, which shall replace the 37-year-old Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980. The SECP has initiated consultation with the stakeholders and t

More than seven million deaths from tobacco use every year, a figure that is predicted to grow to more than eight million a year by 2030 without intensified action, says a press release issued here on Wednesday. Tobacco use is a threat to any person, rega

The Federal Board of Revenue (FBR) has reduced sales tax from 20 to 19.5 percent on motor spirit from June 1, 2017. In this regard, the FBR has issued a notification here on Wednesday. According to the notification, sales tax on High speed diesel oil has

Provincial Minister for Minorities and Human Rights Khalil Tahir Sandhu has said that solution of all domestic problems is possible only through education and initiative of women resource centre will be a milestone in this regard. He expressed these views

Regional Tax Office (RTO) Rawalpindi has detected alleged evasion of sales tax and federal excise duty (FED) by a Karachi-based multinational cigarette manufacturing company and also exposed an undeclared warehouse which was being misused for storage and

Under the directions of CM Punjab Shahbaz Sharif, all out efforts are being made to provide the quality items of daily use to the consumers on specially reduced prices through the network of Ramazan Bazaars set up in the district. This was said by Deputy

A division bench of the Lahore High Court on Wednesday rejected bail of cashier of M/S Hali Motors who had collected billions of rupees from people offering them a car on instalments. The applicant counsel said that Azam was an employee and had no role in

The Punjab Food Authority (PFA) launching a crackdown against substandard cooking oil and ghee manufacturers has started lifting all those brands, who failed the tests conducted last week, from the market. According to information released by the Authorit

"Tobacco is responsible for approximately 80,000 deaths annually in Pakistan directly or indirectly. It was major cause of lung cancer and heart diseases globally in addition to many other diseases attributed to smoking. The number of young female smokers

Pakistan Air Force is going to launch enhancement plan of the new campus of "Air University Multan Sub-Campus" at Bahawalpur Road, Multan at a distance of 19-km from the Multan city. Currently, a sub-campus of Air University Islamabad is working at Abdali

Pakistan Telecommunication Authority (PTA) has issued two licences for wireless system for metro train's operation in the provincial metropolis. This was revealed in the weekly progress review meeting in connection with the Lahore Orange Line Metro Train

The Punjab Environment Department has launched a crackdown against stone crushing and grinding units in Southern Punjab causing dust pollution leading to increased incidence of diseases among the citizen residing in these areas. Field teams of the departm

The Punjab Health Facilities Management Company (PHFMC) will take over the management of basic health units of 14 districts which are currently operated under the Punjab Rural Supports Programme (PRSP). Punjab Minister for Primary & Secondary Health Kh Im

A security guard allegedly killed two people including a lady health worker over a monetary dispute in Shahdara area on Wednesday, police officials said. The accused was caught by the locals who handed him over to the police when he tried to flee the scen

Citizens were up in arms against the Lahore Electric Supply Company in an open court organised by a Member Provincial Assembly Rana Mubashir. The open court was organised to listen to the problems of the residents of Khyaban-e-Amin. Majority of the reside

The World No Tobacco Day 2017 was marked here like other parts of the world with the theme "tobacco - a threat to development" with a firm resolve to continue efforts for creation of healthy society by overcoming diseases by adopting healthy lifestyle. Di

The Punjab Information Technology Board (PITB) and Youth Affairs, Sports, Archaeology & Tourism (YASAT)'s joint project, 'Chief Minister's eRozgaar Programme' is opening its third Centre at University of Engineering & Technology (UET), Taxila on Thursday

The All Pakistan CNG Association (APCNGA) has rejected increased taxes slapped on the CNG sector in the budget 2017-18 and called for its immediate reversal. Talking to Business Recorder on telephone, Central Chairman(APCNGA Ghiyas Abdullah Paracha

The All Pakistan CNG Association (APCNGA) has rejected increased taxes slapped on the CNG sector in the budget 2017-18 and called for its immediate reversal. Talking to Business Recorder on telephone, Central Chairman(APCNGA Ghiyas Abdullah Paracha

Punjab Chief Minister Shehbaz Sharif has said that war against poverty, unemployment, ignorance and extremism can only be won through education. He said this while chairing a meeting, which reviewed plan of bringing improvement of teachers' training progr

In continuation of its efforts to digitize the country's financial services landscape and promote financial inclusion here, Pakistan's top banking institution, Bank Alfalah Limited, has partnered with CSquare Consulting to install self-service banking kio

Chairperson Prime Minister's Youth Program, Leila Khan witnessed along with Chairperson BISP, Marvi Memonan witnessed the MoU signing ceremony between National Bank of Pakistan (NBP) and Pakistan Poverty Alleviation Fund (PPAF) for offering graduates of P

President of the Karachi Chamber of Commerce and Industry (KCCI) Shamim Ahmed Firpo, said "We don't see any resolve on part of K-Electric towards improving its power distribution network and it was also a matter of concern that the Ministry of Water and P

Trade Development Authority of Pakistan (TDAP) has developed its first online Pakistan Exporters' Directory. The directory is now on stream and can be accessed both through TDAP's website and direct search using the link www.pakistanexportersdirectory.gov

Leader of delegation and Director General of Linyi Trade City China, Wang Dong, has emphasised that Pakistan must work on non-traditional commodities for trade and export.

UBL Fund Managers Limited (UBL Funds) has announce the expansion of its network with the launch of 6 new investment centres all across Pakistan during the course of May & June 2017. Aiming to increase its reach and customer base, UBL Funds will inaugurate

UBL Fund Managers Limited (UBL Funds) has announce the expansion of its network with the launch of 6 new investment centres all across Pakistan during the course of May & June 2017. Aiming to increase its reach and customer base, UBL Funds will inaugurate

In his budget speech on 26-05-2017, the announcement made by the Federal Finance Minister that in order to stabilise cotton prices in the country, a system of hedge trading for the domestic cotton will be initiated in consultation with all stakeholders.

The Directorate of Intelligence and Investigation (IR), Karachi has made the highest-ever tax recovery of Rs 6.204 billion from one of the biggest manufacturers of electrical appliances under Anti Money Laundering Act 2010, mitigating the worries of Feder

Syngenta Pakistan, a premier crop protection company in Pakistan and the third largest seeds business, is at the fore front in supporting small and medium growers to take up modern ways of farming, with the primary objective of ensuring food security in t

"I do feel for the First Son."

The Election Commission of Pakistan (ECP) on Wednesday adjourned the hearing in the contempt case against Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan till June 7. Spokesman PTI Fawad Chaudhry submitted the chairman PTI's response with the ECP, prom

PPP chairman Bilawal Bhutto Zardari accused Prime Minister Nawaz Sharif of scrapping a 25,000MW power project approved and signed by Prime Minister Benazir Bhutto when she was in power, calling it "political short-sightedness." Speaking at an inaugural ce

Despite of assurances in budget meetings held with ministers and officials from the government the zero-rating currently regulated under SRO taxation system has not been transformed to an Act, Pakistan Apparel Forum Chairman Jawed Bilwani and Office Beare

Punjab Chief Minister Shehbaz Sharif on Wednesday said the government is going to allocate record resources in budget 2017-18 for progress and prosperity of South Punjab. While talking to Sardar Awais Ahmad Khan Leghari MNA, who called on him here, Shehba

A meeting for Select Committee on Societies Registration (Amendment) Bill, 2017 held here Wednesday with Special Assistant to KP CM for Industries, Abdul Karim Khan in the chair. Besides, members Provincial Assembly, Mufti Said Janan, Mufti Fazal Ghafoor,

The Senate Standing Committee on Finance has shown concern over pending sale tax refunds with the Federal Board of Revenue (FBR), saying the refund issue has become a major problem for business community. A meeting of the finance committee chaired by Sena

All Pakistan Textile Mills Association (APTMA) on Wednesday rejected the proposed Federal Budget 2017-18. The government is not serious in implementing Rs 180 billion Prime Minister's export led growth package as up till now only Rs 1 billion has been rel

All Pakistan Textile Mills Association (APTMA) on Wednesday rejected the proposed Federal Budget 2017-18. The government is not serious in implementing Rs 180 billion Prime Minister's export led growth package as up till now only Rs 1 billion has been rel

The newly designed SMS system known as Police Access Service (PAS) was launched in D.I. Khan on Wednesday to address public complaints promptly. Regional Police Officer (RPO) Syed Fida Hassan Shah unveiled the plaque here in a ceremony to launch the servi

Qaumi Watan Party Chairman, Aftab Ahmad Khan Sherpao, has condemned a huge bomb blast that shook Kabul on Wednesday, killing at least 80 people, and injuring hundreds of others. The QWP chief in a statement said that terrorism had played havoc with lives

The Federal Board of Revenue (FBR) has decided to impose sales tax on import of raw materials and inputs to be consumed in factories/industrial units located in the Federally Administered Tribal Areas (Fata) and Provincially Administered Tribal Areas (Pat

Members of the Opposition parties in the National Assembly held a mock session outside the Parliament House on Wednesday to register a protest against the government for not telecasting their speeches about the budget 2017-18 live on Pakistan Television N

The chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan termed the Nehal Hashmi's threatening statement to JIT and SC; the culture of PML-N political culture. "Hashmi's embarrassing threats to judiciary is part of N-League politics and them always tries to

Pakistan Peoples Party (PPP) Punjab president Qamar Zaman Kaira has vowed to organise party without relying upon electables. He has also criticised the Pakistan Tehreek-e-Insaf for accepting turncoats of PPP, questioning the myth of change agitated by the

The week-long scorching heat wave subsided after scattered rain in parts of Punjab, KPK, Gilgit Baltistan and Kashmir Tuesday night dropping the maximum highest temperature by 10 to 15 degree Celsius on Wednesday. The Pakistan Meteorological Department (P