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Jun 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-02-15
Early trade in NY: dollar rises against basket of currencies
Currency

Early trade in NY: dollar rises against basket of currencies

The US dollar rose against a basket of major world currencies after a stronger-than-expected report of US consumer prices raised expectations that price pressures will accelerate this year and may prompt a faster pace of interest rate increases from the F
Published 15 Feb, 2018 12:00am
Yen hits five-month high in New York
Exchange

Yen hits five-month high in New York

The Japanese yen rose to a five-month high on Tuesday on the back of broad-based selling of the dollar and speculation the Bank of Japan could be close to dialing back record levels of monetary stimulus. The yen has gained 1.5 percent against the dollar t
Published 15 Feb, 2018 12:00am
Most Asian currencies toughen
Currency

Most Asian currencies toughen

Most Asian currencies strengthened on Wednesday as the dollar fell ahead of US inflation data that could raise or lower expectations of faster rate hikes globally. The greenback fell 0.3 percent against a basket of currencies with investors on edge ahead
Published 15 Feb, 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. 82.92-82.92 (Previous 82.90-82.90).
Published 15 Feb, 2018 12:00am
Sri Lankan rupee hits fresh record low
Currency

Sri Lankan rupee hits fresh record low

The Sri Lankan rupee hit a record low on Wednesday as panicked importers bought US dollars following the defeat of the two ruling coalition parties in a local election, but late selling in the greenback by exporters capped the fall.
Published 15 Feb, 2018 12:00am
Sterling slips
Currency

Sterling slips

Sterling slipped towards $1.38 on Wednesday as the dollar strengthened after data showed US consumer prices rose more than expected in January, strengthening bets the Federal Reserve would need to raise interest rates faster.
Published 15 Feb, 2018 12:00am
Kiwi jumps

Kiwi jumps

The New Zealand dollar hopped to a one-week high on Wednesday after a central bank survey showed the country's inflation expectations had rebounded, pulling the Australian dollar along. The kiwi dollar was up 0.7 percent at $0.7324, the highest since Febr
Published 15 Feb, 2018 12:00am
Qatar, Kuwait outperform in mixed ME region
Exchange

Qatar, Kuwait outperform in mixed ME region

Qatar's stock market rose on Wednesday as local institutional investors chased shares left behind in the bourse's latest rally, while rises in second-tier speculative stocks boosted Kuwait. The Qatari index climbed 0.8 percent as real estate firm Ezdan Ho
Published 15 Feb, 2018 12:00am
Australian shares lower

Australian shares lower

Australian shares fell 0.3 percent on Wednesday as trepidation ahead of key US inflation data and losses in Commonwealth Bank of Australia, which traded ex-dividend, eclipsed gains in healthcare and industrial stocks. The S&P/ASX 200 index fell 0.3 percen
Published 15 Feb, 2018 12:00am
Tokyo stocks hit fresh four-month low

Tokyo stocks hit fresh four-month low

Tokyo stocks closed at a fresh four-month low on Wednesday, with a strong yen hitting exporters and erasing early gains. The benchmark Nikkei 225 index lost 0.43 percent, or 90.51 points, to 21,154.17, while the broader Topix index was down 0.82 percent,
Published 15 Feb, 2018 12:00am
Wall Street advances; investors lock on inflation data
Exchange

Wall Street advances; investors lock on inflation data

Wall Street climbed on Tuesday for a third straight session, buoyed by Amazon.com and Apple, while investors focused on inflation data on Wednesday that could upset the market's fragile recovery - or clear the way for additional gains. Amazon.com rose 2 p
Published 15 Feb, 2018 12:00am
Hong Kong shares rebound

Hong Kong shares rebound

Hong Kong stocks rebounded sharply on Wednesday, with the benchmark Hang Seng Index posting its biggest one-day percentage rise since May 2016. The market will close on Thursday afternoon for the Lunar New Year holiday, and will resume trading on February
Published 15 Feb, 2018 12:00am
Treasuries yields slip

Treasuries yields slip

US long-dated Treasury yields slipped on Tuesday in quiet, rangebound trading, as investors looked to Wednesday's US inflation report that could shed more light on the pace of future interest rate increases by the Federal Reserve. Economists expect a 0.3
Published 15 Feb, 2018 12:00am
Treasuries yields slip

Treasuries yields slip

US long-dated Treasury yields slipped on Tuesday in quiet, rangebound trading, as investors looked to Wednesday's US inflation report that could shed more light on the pace of future interest rate increases by the Federal Reserve. Economists expect a 0.3
Published 15 Feb, 2018 12:00am
Indian shares lower

Indian shares lower

Indian shares ended lower on Wednesday, pulled down by state-run lenders such as State Bank of India which fell after the central bank recently unveiled tough rules for loan restructuring. The benchmark BSE index closed down 0.42 percent at 34,155.95. The
Published 15 Feb, 2018 12:00am
China stocks up ahead of Lunar New Year holiday
Exchange

China stocks up ahead of Lunar New Year holiday

China stocks rebounded on Wednesday, but volumes were thin as many traders had already left for the week-long Lunar New Year holiday that starts on Thursday. Chinese markets will reopen on February 22 Unnerved by a slump in their stock market in the past
Published 15 Feb, 2018 12:00am
European shares brush off US inflation spike

European shares brush off US inflation spike

European shares rose on Wednesday, quickly recovering from losses sparked by stronger-than-expected US inflation data, as solid company and economic updates kept investors confident. The STOXX 600 index rose 1.1 percent, having earlier lost as much as 0.3
Published 15 Feb, 2018 12:00am
Sri Lankan stocks fall

Sri Lankan stocks fall

Sri Lankan shares fell for a second straight session on Wednesday as political uncertainty after a defeat of the two ruling coalition parties in a local poll hurt investor sentiment. The ruling coalition government of President Maithripala Sirisena's cent
Published 15 Feb, 2018 12:00am
Southeast Asian markets subdued

Southeast Asian markets subdued

Southeast Asian stock markets were subdued on Wednesday ahead of US inflation numbers, with Thailand recording its lowest close in three sessions weighed down by financials and energy stocks. All eyes are on US consumer price readings due later in the day
Published 15 Feb, 2018 12:00am
FTSE 100 shrugs off inflation fears to drive higher

FTSE 100 shrugs off inflation fears to drive higher

Strong financials and commodities stocks drove the FTSE 100 higher on Wednesday as investors shrugged off a hotly-anticipated data release showing higher than expected US inflation. Britain's major stock index ended the day up 0.6 percent, while mid-caps
Published 15 Feb, 2018 12:00am
Boom time for German economy as politicians bicker
Currency

Boom time for German economy as politicians bicker

Strong exports drove robust growth in Germany at the end of last year while inflation stayed subdued in January, adding to signs that Europe's biggest economy is on track to extend its upswing well into 2018. With upbeat businesses and households largely
Published 15 Feb, 2018 12:00am
Sudan inflation spikes to 52.37 percent
Exchange

Sudan inflation spikes to 52.37 percent

Inflation in Sudan surged to 52.37 percent in January from 32.15 percent in December, the state statistics agency said, amid rising food prices that have kindled unrest and a hard currency shortage that has crimped imports. The Sudanese pound has plummete
Published 15 Feb, 2018 12:00am
Losses narrow at Credit Suisse despite US tax reforms

Losses narrow at Credit Suisse despite US tax reforms

Swiss banking giant Credit Suisse reported Wednesday a sharp cut in its annual net loss despite US President Donald Trump's US tax reforms. It reported a loss of 983 million Swiss francs (851 million euros $1.05 billion) in 2017, down from 2.7 billion Swi
Published 15 Feb, 2018 12:00am
Indian bank reports $1.8 billion fraud at single branch
Exchange

Indian bank reports $1.8 billion fraud at single branch

India's second-largest state-run bank said Wednesday it had detected fraud of almost $1.8 billion at one of its branches, sending its shares plunging more than nine percent. The Punjab National Bank (PNB), one of several state-owned lenders the government
Published 15 Feb, 2018 12:00am
Regional powers China, India battle for Bangladesh bourse
Exchange

Regional powers China, India battle for Bangladesh bourse

India and China have launched rival bids for a large stake in Bangladesh's stock exchange, officials said Thursday, as the Asian powers jostle for strategic influence in the region. Dhaka Stock Exchange (DSE) chief executive Majedur Rahman confirmed India
Published 15 Feb, 2018 12:00am
Drought forces Mozambique capital to ration water

Drought forces Mozambique capital to ration water

Mozambique authorities on Wednesday introduced water rationing to more than a million residents in the capital Maputo due to a severe drought. The city is cutting the water supply to consumers to just 40 percent of normal levels, Casimiro Abreu, deputy di
Published 15 Feb, 2018 12:00am
Eurozone production jumps

Eurozone production jumps

Eurozone industrial production jumped more than expected in December, data from the EU statistics office Eurostat showed on Wednesday, underlining the fastest economic growth rate in a decade that economists expect to continue in 2018. Eurostat said indus
Published 15 Feb, 2018 12:00am
Japan posts longest growth streak since 1980s bubble economy

Japan posts longest growth streak since 1980s bubble economy

Japan's economy posted its longest continuous expansion since the 1980s boom as fourth quarter growth was boosted by consumer spending, moving Prime Minister Shinzo Abe's revival plan a step closer to vanquishing decades of stagnation. The long run of gro
Published 15 Feb, 2018 12:00am
Education workers strike for higher wages in Slovenia

Education workers strike for higher wages in Slovenia

A one-day strike closed the doors of 95 percent of kindergartens, schools, secondary schools and universities in Slovenia on Wednesday, as employees demanded higher wages and better working conditions. The strike is the fourth organised by a public sector
Published 15 Feb, 2018 12:00am
US inflation rises broadly, puts spotlight on Fed

US inflation rises broadly, puts spotlight on Fed

US consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year, strengthening expectations the Federal Reserve will have to quicken the pace of interest rate increases this year. The fairly
Published 15 Feb, 2018 12:00am
Ruthless City finish off Basel in 23 minutes

Ruthless City finish off Basel in 23 minutes

Manchester City effectively killed off their Champions League tie against FC Basel after 23 minutes on Tuesday, flattening the Swiss champions with three quickfire goals on their way to a 4-0 away win. Ilkay Gundogan, Bernardo Silva and Sergio Aguero scor
Published 15 Feb, 2018 12:00am
Kenyan athletes Rudisha, Kiprop opt out of C'wealth Games

Kenyan athletes Rudisha, Kiprop opt out of C'wealth Games

Kenya's 800 metres Olympic champion and world record holder David Rudisha and two-time Olympic 1500m champion Asbel Kiprop will not seek selection for this year's Commonwealth Games, team officials said Tuesday. A total of 170 athletes have been invited f
Published 15 Feb, 2018 12:00am
ATP to probe 'racial prejudice' allegations
Exchange

ATP to probe 'racial prejudice' allegations

The Association of Tennis Professionals on Tuesday says it has launched an internal investigation after a first-round match between two American players at the New York Open boiled over on the court. The ATP Tour officials say they are reviewing "allegati
Published 15 Feb, 2018 12:00am
PCB rejects concert news at National Stadium Karachi

PCB rejects concert news at National Stadium Karachi

The Pakistan Cricket Board (PCB) has strongly rejected the news circulating on social media about a concert at Karachi's National Stadium on February 24. A PCB spokesman said, here Wednesday that the national stadium is heading towards the Pakistan Super
Published 15 Feb, 2018 12:00am
Special athletes show logo, trophy of U-23 Games

Special athletes show logo, trophy of U-23 Games

Two special athletes on wheel chairs national archer Shanaz and table tennis player Zainab unveiled grand logo and trophy of the Under-23 Games on Wednesday. Along with the logo and trophy unveiling ceremony of the 3rd edition of the Under-23 Games-2018,
Published 15 Feb, 2018 12:00am
Malaysian badminton pair probed for match-fixing

Malaysian badminton pair probed for match-fixing

Two Malaysian badminton players are being investigated for suspected match-fixing by the sport's governing body and could be banned for life if found guilty, a sports official said Wednesday. The Badminton World Federation (BWF) is probing the pair over a
Published 15 Feb, 2018 12:00am
Bangladesh sweat over Tamim, Mushfiqur fitness

Bangladesh sweat over Tamim, Mushfiqur fitness

Former captain Mushfiqur Rahim and opener Tamim Iqbal have added to Bangladesh's injury woes ahead of their first Twenty20 international against Sri Lanka in Dhaka on Thursday. Tamim complained of muscle pain in his left arm and Mushfiqur did not train on
Published 15 Feb, 2018 12:00am
South Korea to pay $2.6 millions for North's Olympic presence
Exchange

South Korea to pay $2.6 millions for North's Olympic presence

Seoul on Wednesday approved a $2.6 million budget to cover expenses for North Koreans visiting for the Pyeongchang Winter Olympics, officials said, after the North's leader praised the South's hospitality. The 2.86 billion won will cover transport, hotel,
Published 15 Feb, 2018 12:00am
Halep powers to victory in Qatar

Halep powers to victory in Qatar

World number two Simona Halep won easily on her return to competitive action since losing the Australian Open final, beating Ekaterina Makarova in straight sets in the Qatar Open Wednesday. Halep eased through 6-3, 6-0 against the Russian, in a second rou
Published 15 Feb, 2018 12:00am
Sharma sets up one-day series win for India

Sharma sets up one-day series win for India

Rohit Sharma ended a personal South African hoodoo and set up a series win for India in the fifth one-day international at St George's Park on Tuesday. Sharma's 115 was his first major innings in three tours of South Africa - and India's 73-run win enable
Published 15 Feb, 2018 12:00am
Froome blasts 'misinformation' in doping case on return to racing

Froome blasts 'misinformation' in doping case on return to racing

Chris Froome insisted that "misinformation" has led to rival riders calling for him to be suspended after an abnormal doping test, as he started his season at the Ruta del Sol on Wednesday. "There is a lot misinformation out there. There are also a lot of
Published 15 Feb, 2018 12:00am
Russians, USA defeated in NHL-less Olympic openers

Russians, USA defeated in NHL-less Olympic openers

The Olympic Athletes from Russia and United States were shock losers Wednesday as the first Winter Olympic men's hockey tournament in 24 years without NHL players began with plenty of drama and thrills. Slovakia's Peter Ceresnak scored the game-winning go
Published 15 Feb, 2018 12:00am
White claims gold, slams 'gossip' as winds throw Games into chaos

White claims gold, slams 'gossip' as winds throw Games into chaos

Snowboarding great Shaun White brilliantly won his third Olympic gold but then faced awkward questions over sex claims on Wednesday as strong winds caused chaos at the Pyeongchang Winter Games. White, starting last in the halfpipe, watched bronze medallis
Published 15 Feb, 2018 12:00am
At least 19 migrants killed in Libya truck crash

At least 19 migrants killed in Libya truck crash

At least 19 migrants were killed on Wednesday and more than 100 injured when the truck transporting them crashed in Libya, a hospital said. More than 300 migrants, mostly Eritrean and Somali nationals, were on board the vehicle which overturned near the t
Published 15 Feb, 2018 12:00am
Monk who blessed Everest climbers dies

Monk who blessed Everest climbers dies

A Buddhist monk who blessed Everest climbers headed for the summit of the world's highest mountain has died in Nepal aged 87, local officials said Wednesday. Lama Geshe was a fixture of the Everest climbing community and few would dare attempt to climb th
Published 15 Feb, 2018 12:00am
UK modern slavery raids save 36 victims

UK modern slavery raids save 36 victims

Raids on five British car washes have led to 15 arrests for modern-day slavery offences, and the rescuing of 36 victims, according to police. The operation, which involved 180 officers in Milton Keynes, north of London, targeted an organised crime group t
Published 15 Feb, 2018 12:00am
Syria sanctions Chess federation says UBS to close accounts

Syria sanctions Chess federation says UBS to close accounts

The World Chess Federation (FIDE) has said that Swiss bank UBS will close its accounts "immediately" over the organisation president's alleged financial dealings with the Syrian government and the Islamic State group. FIDE's eccentric Russian millionaire
Published 15 Feb, 2018 12:00am
Prince Henrik dies

Prince Henrik dies

Prince Henrik, the French-born husband of Denmark's Queen Margrethe, has died at age 83, ending a half-century struggle to win the hearts of Danes that only succeeded in his later years. The royal family declared a month of mourning, as flags were lowered
Published 15 Feb, 2018 12:00am
German government plays down 'free transport' plan

German government plays down 'free transport' plan

The German government on Wednesday sought to play down plans to introduce free public transport, a day after the radical proposal to fight air pollution made headlines around the world. The measure was one of several proposed in a recent letter Berlin sen
Published 15 Feb, 2018 12:00am
Philippines complains to China about naming of undersea features

Philippines complains to China about naming of undersea features

The Philippines said Wednesday it has complained about China's move to name undersea features on Manila's continental shelf, an incident which raised fears the Asian giant may be claiming more maritime territory. President Rodrigo Duterte's spokesman Harr
Published 15 Feb, 2018 12:00am
Six hurt in Paris stabbing spree

Six hurt in Paris stabbing spree

A man stabbed six bystanders in a series of apparently unprovoked attacks in northern Paris on Tuesday night before being arrested by police in a drunken state, a security source told AFP. The rampage began at around 11:00 pm (2300 GMT) in an area known f
Published 15 Feb, 2018 12:00am
Fiery Venezuela image wins AFP photographer top award nod

Fiery Venezuela image wins AFP photographer top award nod

A searing image of a Venezuelan protester who caught fire during clashes with riot police has won AFP photographer Ronaldo Schemidt a nomination for the World Press Photo of the Year award. The picture by the Mexico-based photographer for Agence France-Pr
Published 15 Feb, 2018 12:00am
Six of 10 aid agencies open about sex abuse cases amid Oxfam scandal

Six of 10 aid agencies open about sex abuse cases amid Oxfam scandal

Only six out of 10 global aid agencies were willing to disclose the extent of sex abuse by their staff in an exclusive survey, as a major sex scandal involving British charity Oxfam ricochets through the sector. The Thomson Reuters Foundation in November
Published 15 Feb, 2018 12:00am
Trump lawyer says he paid $130,000 to porn star linked to president

Trump lawyer says he paid $130,000 to porn star linked to president

Donald Trump's personal lawyer has told US media that he paid $130,000 out of his own pocket to a porn star who has said she once had an affair with the now US president. Long-time Trump attorney Michael Cohen said he was not reimbursed for the payment to
Published 15 Feb, 2018 12:00am
Five killed in mishap with DR Congo presidential motorcade

Five killed in mishap with DR Congo presidential motorcade

Three soldiers and two civilians were killed and 11 other people injured in an accident involving DR Congo President Joseph Kabila's motorcade, his office said Wednesday. The accident happened on a road in the southwest of the country, 220 kilometres (110
Published 15 Feb, 2018 12:00am
France says Iran's missile programme must be put 'under surveillance'

France says Iran's missile programme must be put 'under surveillance'

Iran's ballistic missile programme must be placed under international surveillance, French President Emmanuel Macron said, in an bid to get tougher on Tehran while preserving the nuclear deal that Donald Trump has threatened to scrap. With the 2015 deal,
Published 15 Feb, 2018 12:00am
Macron boots French media from presidential press room

Macron boots French media from presidential press room

The French presidency announced Wednesday that it is kicking reporters out of the Elysee Palace and down the street in a move that symbolises Emmanuel Macron's desire to keep the media at arm's length. Reporters have had a press room inside the Elysee for
Published 15 Feb, 2018 12:00am
US concerns over EU defence pact cloud NATO talks

US concerns over EU defence pact cloud NATO talks

NATO defence ministers met in Brussels on Wednesday to discuss Washington's concerns over the European Union's new plans to deepen defence ties between its members, and increasingly strained US-Turkey relations. Washington and Ankara, two of the transatla
Published 15 Feb, 2018 12:00am
Shanghai copper jumps most since October
Exchange

Shanghai copper jumps most since October

Shanghai copper prices rose for a second session on Wednesday, registering their biggest daily leap since October, as traders took up new positions in the metal before the Shanghai Futures Exchange (ShFE) closed for a national holiday. The most-traded Apr
Published 15 Feb, 2018 12:00am
Nickel hits multi-year high, other metals up
Exchange

Nickel hits multi-year high, other metals up

Industrial metals prices rose on Wednesday, with nickel hitting its highest in two and a half years as a weaker dollar made metals cheaper for holders of other currencies. Stronger than expected inflation in the United States spurred buying of equities an
Published 15 Feb, 2018 12:00am
Middle East Crude's April cargoes sell at discounts on lower demand

Middle East Crude's April cargoes sell at discounts on lower demand

Spot differentials for Middle East crude loading in April fell to multi-month lows on Wednesday, in response to a drop in demand from Asia during the peak refinery maintenance season in the second quarter. Sellers were also adding to the pressure on price
Published 15 Feb, 2018 12:00am
Oil rebounds after US inventory figures, Saudi comments

Oil rebounds after US inventory figures, Saudi comments

Oil prices rose on Wednesday, rebounding from earlier losses after US crude stocks rose less than expected and Saudi Energy Minister Khalid al-Falih said major oil producers would prefer tighter markets than to end supply cuts too early. US crude inventor
Published 15 Feb, 2018 12:00am
Rubber hits near eight-month low
Exchange

Rubber hits near eight-month low

Benchmark Tokyo rubber futures hit their lowest in nearly eight months on Wednesday, coming under pressure as the yen soared to a 15-month high against the dollar, brokers said. The Tokyo Commodity Exchange rubber contract for July delivery finished 5 yen
Published 15 Feb, 2018 12:00am
Palm oil charts second day of falls
Vegetable Oil

Palm oil charts second day of falls

Malaysian palm oil futures fell late on Wednesday, charting a second day of declines, tracking overnight falls in US soyaoil on the Chicago Board of Trade (CBOT) and on a stronger ringgit. A stronger ringgit, palm's currency of trade, typically makes the
Published 15 Feb, 2018 12:00am
New York cocoa surges to 2-1/2-month high

New York cocoa surges to 2-1/2-month high

New York cocoa futures on ICE changed direction and rallied to a 2-1/2-month high in post-settlement dealings on Wednesday, buoyed by short-covering and the firm British pound, while spot robusta coffee rose to its highest in nearly three months. May New
Published 15 Feb, 2018 12:00am
Gold surges in New York

Gold surges in New York

Gold prices rose on Tuesday as the US dollar slipped and markets anticipated the release of impending US inflation data that may offer some clues on the pace of future US interest rate increases. The dollar dropped against a basket of major world currenci
Published 15 Feb, 2018 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices rose for a third straight session on Wednesday to hit a one-week high, buoyed by a weaker dollar, while investors awaited US inflation data for clues on the pace of future US interest rate increases. Spot gold was up 0.2 percent at $1,332.01 a
Published 15 Feb, 2018 12:00am
Gold jumps in Europe
Exchange

Gold jumps in Europe

Gold jumped 1 percent on Wednesday, rebounding from losses made in the wake of stronger than expected US inflation data, as the dollar surrendered gains and stock markets swung higher. The dollar initially rose after Wednesday's inflation report showed US
Published 15 Feb, 2018 12:00am
US MIDDAY: soyabean, corn up

US MIDDAY: soyabean, corn up

US corn and soyabean futures firmed on Wednesday, stabilizing near recent highs on persistent concerns about dry weather in Argentina hurting crops as they pass through key stages of development, traders said. "You are going to have a hard time keeping th
Published 15 Feb, 2018 12:00am
US MIDDAY: gold rebounds

US MIDDAY: gold rebounds

Gold prices climbed nearly 2 percent on Wednesday, rebounding from early losses that followed stronger-than-expected US inflation data, as the dollar surrendered gains and equities swung higher. The dollar initially rose after the US Labour Department rep
Published 15 Feb, 2018 12:00am
World Bank team briefed about land management system

World Bank team briefed about land management system

Chief Secretary Sindh, Rizwan Memon said that the Integrated Land Records Management System (ILRMS) has been evaluated in Sindh under which reconstruction of land record on computerized based has taken placed. Briefing a two-member World Bank team on Land
Published 15 Feb, 2018 12:00am
Broker licence: SECP prescribes financial resource requirements
Exchange

Broker licence: SECP prescribes financial resource requirements

An applicant for a license as a securities broker shall ensure ongoing compliance with minimum paid-up capital and net worth of Rs 35 million and net capital balance of Rs 5 million, according to financial resource requirements laid down by Securities and
Published 15 Feb, 2018 12:00am
EMCO Industries Limited
Mutual Funds

EMCO Industries Limited

EMCO's has been present in Pakistan for more than eighty years with its original parent company, The Imperial Electric Company (Pvt.) Ltd., being established in 1931. Electrical Equipment Manufacturing Co. Ltd. (EMCO) was the pioneer in production of all
Published 15 Feb, 2018 12:00am
EMCO Industries Limited
Mutual Funds

EMCO Industries Limited

EMCO's has been present in Pakistan for more than eighty years with its original parent company, The Imperial Electric Company (Pvt.) Ltd., being established in 1931. Electrical Equipment Manufacturing Co. Ltd. (EMCO) was the pioneer in production of all
Published 15 Feb, 2018 12:00am
PCSW grieved over death of Asma Jahangir

PCSW grieved over death of Asma Jahangir

The Punjab Commission on the Status of Women (PCSW) has expressed its grief over the untimely demise of Asma Jahangir, a great mentor and true leader among human rights activists. The PCSW chairperson in a statement on Wednesday said her tireless efforts
Published 15 Feb, 2018 12:00am
Model Town case: LHC extends stay till March 7

Model Town case: LHC extends stay till March 7

The Lahore High Court on Wednesday extended stay against summons of a trial court issued to Punjab's former IG police Mushtaq Sukhera till March 07 in a private complaint of Pakistan Awami Tehreek (PAT) in Model Town killings' case as counsel of PAT faile
Published 15 Feb, 2018 12:00am
PITB's e-Stamping project crosses Rs 60 billion mark

PITB's e-Stamping project crosses Rs 60 billion mark

Punjab Information Technology Board (PITB) & Board of Revenue's Joint flagship e-Stamping project has touched all time high figure of Rs 60 billion till date, which is an unprecedented contribution towards the national economy through automation of the pr
Published 15 Feb, 2018 12:00am
Country facing challenges of unemployment, poverty: UAF VC

Country facing challenges of unemployment, poverty: UAF VC

The country is facing tremendous challenges including unemployment, poverty, diminishing resources, ever-increasing population, low per acre agriculture productivity, new diseases, environmental hazards and depleting water resources. In this scenario, it
Published 15 Feb, 2018 12:00am
Shahbaz launches Punjab Public Health Agency

Shahbaz launches Punjab Public Health Agency

Punjab Chief Minister Shahbaz Sharif formally launched the Punjab Public Health Agency (PPHA) during the Human Development Forum organized by the Planning and Development Department in Lahore. With the establishment of PPHA, the Punjab government has once
Published 15 Feb, 2018 12:00am
FBR prepares list of over 100 big investors

FBR prepares list of over 100 big investors

The regional directorate of Federal Board of Revenue (FBR) has prepared a list of over 100 big investors in the city, said sources. They said details of the assets of all the investors is being collected that would lead to further action against such inve
Published 15 Feb, 2018 12:00am
Rasm-i-Qul of late Asma Jahangir held

Rasm-i-Qul of late Asma Jahangir held

Rasm-i-Qul of Asma Jahangir was held at her residence here Wednesday. Haider Farooq Maududi, son of famous scholar Abul A'ala Maududi, offered pray for the departed soul. The Qul ceremony was attended by politicians, judges, lawyers, activists, celebritie
Published 15 Feb, 2018 12:00am
Nawaz vows to restore sanctity of vote

Nawaz vows to restore sanctity of vote

Former Prime Minister Nawaz Sharif has called for restoring the sanctity of vote for the country's progress. Talking to media after expressing his condolence to Mufti Raghib Naeemi on the demise of his grandmother, here Wednesday, Nawaz said that there is
Published 15 Feb, 2018 12:00am
PEPCO to promote 24 officers

PEPCO to promote 24 officers

The Promotion Board of Pakistan Electric Power Company (PEPCO) is due to promote officers from Lahore Electric Supply Company (LESCO) and other distribution companies (DISCOs). As many as 24 officers of all the DISCOs would be promoted to grade 19 after e
Published 15 Feb, 2018 12:00am
PAD's project to promote varieties of seedless Kinnow begins

PAD's project to promote varieties of seedless Kinnow begins

Punjab Agriculture Department (PAD) has started a project for five years worth Rs 780 million to promote high yield varieties of seedless Kinnow in Punjab. PAD will provide free of cost high yield varieties of Kinnow to the farmers belonging to district S
Published 15 Feb, 2018 12:00am
Pakistan, Turkey discuss trade, economic cooperation
Exchange

Pakistan, Turkey discuss trade, economic cooperation

Pakistan and Turkey relations would continue to grow from strength to strength to serve as a powerful factor for stability and prosperity in the region and beyond" said Atilla D Yerlikaya Chairman, DEIK Turkey-Pakistan Business Council while visiting Laho
Published 15 Feb, 2018 12:00am
Three bottled water units sealed

Three bottled water units sealed

Pakistan Standards & Quality Control Authority (PSQCA) has launched a crackdown against unlicensed and sub-standard bottled water manufacturers in Faisalabad. During surprise raids here Wednesday, three units have been sealed for indefinite period. Zakaul
Published 15 Feb, 2018 12:00am
Partly Facetious: Khan needs a spiritualist

Partly Facetious: Khan needs a spiritualist

"There is no way, so says the Khan that the Man Who Shall Remain Nameless will be a member of the caretaker government who are selected by the two largest parties in any assembly, provincial or national, to take care of government till the next elections
Published 15 Feb, 2018 12:00am
First the World, now Pakistan: Imran seeks election glory

First the World, now Pakistan: Imran seeks election glory

Clad in a tracksuit and ankle weights, Imran Khan lounges in a plush chair and announces this is his political moment: the World Cup cricket champion believes power in country is his for the taking. After years in the wilderness the former allrounder is r
Published 15 Feb, 2018 12:00am
SC issues notices to federation, provinces

SC issues notices to federation, provinces

Supreme Court on Wednesday issued notices to federation and all the provinces while hearing appeals against Sindh High Court verdict which declared provision of natural gas on priority to the area where well-head is located. Resuming identical appeals in
Published 15 Feb, 2018 12:00am
Senate elections: LHC seeks replies from ECP, others

Senate elections: LHC seeks replies from ECP, others

The Lahore High Court on Wednesday sought replies from Election Commission of Pakistan (ECP) and others by February 20 in a petition challenging process of the scrutiny of candidates for upcoming Senate election. The petitioner Azhar Siddique, advocate ha
Published 15 Feb, 2018 12:00am
Ahsan, UK foreign Secretary discuss issues of common interest

Ahsan, UK foreign Secretary discuss issues of common interest

Ahsan Iqbal, Interior Minister of Pakistan, who is on an official visit to the UK, met with Boris Johnson, British Foreign Secretary, in London on Wednesday. The two sides discussed a wide range of issues of common interest. Ahsan Iqbal briefed the Foreig
Published 15 Feb, 2018 12:00am
Cold, dry weather likely

Cold, dry weather likely

Mainly cold and dry weather is expected in the most parts of the country in next 24 hours, the Met Office said on Wednesday. However, it said, a light rain with (a light snowfall over the hills) is expected at a few places in Gilgit-Baltistan over the per
Published 15 Feb, 2018 12:00am
Marriyum condoles Ashfaq Sajid's death

Marriyum condoles Ashfaq Sajid's death

Minister of State for Information, Broadcasting, National History and Literary Heritage Marriyum Aurangzeb Wednesday expressed deep grief and sorrow over the sad demise of senior journalist and former president of Rawalpindi Islamabad Union of Journalists
Published 15 Feb, 2018 12:00am
Brokers must obtain 'management rating': SECP
Exchange

Brokers must obtain 'management rating': SECP

The Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for the securities brokers to obtain 'management rating' on annual basis from a credit rating company licensed by the Commission. According to the amended Securities Brokers (
Published 15 Feb, 2018 12:00am
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