AIRLINK 76.15 Increased By ▲ 1.75 (2.35%)
BOP 4.86 Decreased By ▼ -0.09 (-1.82%)
CNERGY 4.31 Decreased By ▼ -0.03 (-0.69%)
DFML 46.65 Increased By ▲ 1.92 (4.29%)
DGKC 89.25 Increased By ▲ 1.98 (2.27%)
FCCL 23.48 Increased By ▲ 0.58 (2.53%)
FFBL 33.36 Increased By ▲ 1.71 (5.4%)
FFL 9.35 Decreased By ▼ -0.01 (-0.11%)
GGL 10.10 No Change ▼ 0.00 (0%)
HASCOL 6.66 Decreased By ▼ -0.11 (-1.62%)
HBL 113.77 Increased By ▲ 0.17 (0.15%)
HUBC 143.90 Increased By ▲ 3.75 (2.68%)
HUMNL 11.85 Decreased By ▼ -0.06 (-0.5%)
KEL 4.99 Increased By ▲ 0.12 (2.46%)
KOSM 4.40 No Change ▼ 0.00 (0%)
MLCF 38.50 Increased By ▲ 0.10 (0.26%)
OGDC 133.70 Increased By ▲ 0.90 (0.68%)
PAEL 25.39 Increased By ▲ 0.94 (3.84%)
PIBTL 6.75 Increased By ▲ 0.22 (3.37%)
PPL 120.01 Increased By ▲ 0.37 (0.31%)
PRL 26.16 Increased By ▲ 0.28 (1.08%)
PTC 13.89 Increased By ▲ 0.14 (1.02%)
SEARL 57.50 Increased By ▲ 0.25 (0.44%)
SNGP 66.30 Decreased By ▼ -0.10 (-0.15%)
SSGC 10.10 Decreased By ▼ -0.05 (-0.49%)
TELE 8.10 Increased By ▲ 0.15 (1.89%)
TPLP 10.61 Decreased By ▼ -0.03 (-0.28%)
TRG 62.80 Increased By ▲ 1.14 (1.85%)
UNITY 26.95 Increased By ▲ 0.32 (1.2%)
WTL 1.34 Decreased By ▼ -0.02 (-1.47%)
BR100 7,957 Increased By 122.2 (1.56%)
BR30 25,700 Increased By 369.8 (1.46%)
KSE100 75,878 Increased By 1000.4 (1.34%)
KSE30 24,343 Increased By 355.2 (1.48%)
Print - 2018-11-05
China, Pakistan reaffirm pledge to CPEC
Currency

China, Pakistan reaffirm pledge to CPEC

Pakistan and China on Sunday reaffirmed their complete consensus on the future trajectory of China Pakistan Economic Corridor (CPEC), timely completion of its ongoing projects and joint efforts for realization of its full potential with a focus on socio-e
Published 05 Nov, 2018 12:00am
Futures spread up by 215 basis points

Futures spread up by 215 basis points

The futures spread increased by 215bps to 6.37 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 40.7 percent to 97.27 million shares. The average daily trading valu
Published 05 Nov, 2018 12:00am
Futures spread up by 215 basis points

Futures spread up by 215 basis points

The futures spread increased by 215bps to 6.37 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 40.7 percent to 97.27 million shares. The average daily trading valu
Published 05 Nov, 2018 12:00am
Positive trend prevails

Positive trend prevails

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended November 2, 2018 on the back of healthy buying in various sectors. BRIndex100 gained 164.46 points on week-on-week basis to close at 4,476.62 points. Average daily volumes stoo
Published 05 Nov, 2018 12:00am
Positive trend prevails

Positive trend prevails

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended November 2, 2018 on the back of healthy buying in various sectors. BRIndex100 gained 164.46 points on week-on-week basis to close at 4,476.62 points. Average daily volumes stoo
Published 05 Nov, 2018 12:00am
Positive trend prevails

Positive trend prevails

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended November 2, 2018 on the back of healthy buying in various sectors. BRIndex100 gained 164.46 points on week-on-week basis to close at 4,476.62 points. Average daily volumes stoo
Published 05 Nov, 2018 12:00am
State will not ignore this 'rebellion': Fawad

State will not ignore this 'rebellion': Fawad

Federal Information Minister Fawad Chaudhry on Sunday said that the state would not turn a blind eye over the recent rebellious rightwing protests across the country, including Karachi against the acquittal of Aasia Bibi. "Provocative speeches and stateme
Published 05 Nov, 2018 12:00am
State will not ignore this 'rebellion': Fawad

State will not ignore this 'rebellion': Fawad

Federal Information Minister Fawad Chaudhry on Sunday said that the state would not turn a blind eye over the recent rebellious rightwing protests across the country, including Karachi against the acquittal of Aasia Bibi. "Provocative speeches and stateme
Published 05 Nov, 2018 12:00am
Khadim Rizvi, Qadri and others booked

Khadim Rizvi, Qadri and others booked

As the interior ministry has started criminal proceedings against rioters involved in destroying property during the three-day countrywide protests against a Supreme Court verdict, Lahore Police on Sunday booked top brass of Tehreek Labbaik Pakistan (TLP)
Published 05 Nov, 2018 12:00am
Khadim Rizvi, Qadri and others booked

Khadim Rizvi, Qadri and others booked

As the interior ministry has started criminal proceedings against rioters involved in destroying property during the three-day countrywide protests against a Supreme Court verdict, Lahore Police on Sunday booked top brass of Tehreek Labbaik Pakistan (TLP)
Published 05 Nov, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee stabilised in terms of the dollar during the week, ended on November 3, 2018. The rupee showed slight changes versus the dollar for buying and selling at Rs 132.56 and Rs 132.58.
Published 05 Nov, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee stabilised in terms of the dollar during the week, ended on November 3, 2018. The rupee showed slight changes versus the dollar for buying and selling at Rs 132.56 and Rs 132.58.
Published 05 Nov, 2018 12:00am
Azam leads Pakistan to another T20 series whitewash

Azam leads Pakistan to another T20 series whitewash

Babar Azam became the quickest batsman to reach 1,000 Twenty20 runs as Pakistan whitewashed New Zealand 3-0 with a comfortable 47-run win in the third and final match in Dubai on Sunday. The 24-year-old - ranked number one in Twenty20s - hit a punishing 5
Published 05 Nov, 2018 12:00am
Azam leads Pakistan to another T20 series whitewash

Azam leads Pakistan to another T20 series whitewash

Babar Azam became the quickest batsman to reach 1,000 Twenty20 runs as Pakistan whitewashed New Zealand 3-0 with a comfortable 47-run win in the third and final match in Dubai on Sunday. The 24-year-old - ranked number one in Twenty20s - hit a punishing 5
Published 05 Nov, 2018 12:00am
The Weather

The Weather

The weather report on Sunday (November 04, 2018) and the forecast for Monday (November 05, 2018).

Published 05 Nov, 2018 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (October 29 to November 2, 2018).

Published 05 Nov, 2018 12:00am
Chatara, Raza put Zimbabwe on top in first Test

Chatara, Raza put Zimbabwe on top in first Test

Pace bowler Tendai Chatara and spinner Sikandar Raza claimed three wickets each to put Zimbabwe on top in the first Test against Bangladesh in Sylhet on Sunday. Chatara claimed 3-19 and Raza grabbed 3-35 as Zimbabwe bowled out the hosts for 143 runs after
Published 05 Nov, 2018 12:00am
Honda's Martin crowned Moto3 champion in Malaysia

Honda's Martin crowned Moto3 champion in Malaysia

Honda's Jorge Martin was crowned world champion in the Moto3 class after storming to victory in the Malaysian Grand Prix Sunday in a nail-biting showdown with title rival Marco Bezzecchi. Starting from pole position, the Spaniard took the chequered flag i
Published 05 Nov, 2018 12:00am
Barty claims WTA Elite Trophy with victory over Wang

Barty claims WTA Elite Trophy with victory over Wang

Australia's Ashleigh Barty won the WTA Elite Trophy in China on Sunday, beating home favourite Wang Qiang 6-3, 6-4. The ninth seed imposed herself early in the match in Zhuhai, winning the first four games on her way to taking the first set comfortably. W
Published 05 Nov, 2018 12:00am
Unseeded Khachanov stuns Djokovic to win Paris Masters

Unseeded Khachanov stuns Djokovic to win Paris Masters

Russia's Karen Khachanov clinched the biggest win of his career on Sunday with a 7-5, 6-4 upset of Novak Djokovic to claim the Paris Masters title. Khachanov became the third different first-time winner of a Masters tournament this year - joining John Isn
Published 05 Nov, 2018 12:00am
PAF Shaheens take CAS Challenge Polo Cup

PAF Shaheens take CAS Challenge Polo Cup

PAF Shaheens lifted the 27th Chief of Air Staff Challenge Polo Cup after defeating PAF Falcons with 8 goals to 6 goals and half in the final played at Rawalpindi Garrison Polo Club on Sunday. Air Chief Marshal Mujahid Anwar Khan, Chief of the Air Staff, P
Published 05 Nov, 2018 12:00am
Women T20 Super League: FATA Strikers, Rawalpindi Hitters in final

Women T20 Super League: FATA Strikers, Rawalpindi Hitters in final

International cricketers Javeria and Naila Nazir guided their respective teams - FATA Strikers and Rawalpindi Hitters to the final of the ongoing First Women Twenty20 Cricket Super League-2018 being played here at Arbab Niaz Cricket Stadium on Sunday.
Published 05 Nov, 2018 12:00am
Marquez wins Malaysian MotoGP as Rossi crashes out of lead

Marquez wins Malaysian MotoGP as Rossi crashes out of lead

World champion Marc Marquez fought his way from seventh place on the starting grid to win the Malaysian MotoGP Sunday, as Valentino Rossi crashed out while leading four laps from the end. Suzuki's Alex Rins came in second after overtaking Yamaha rider Joh
Published 05 Nov, 2018 12:00am
Morata double sends below-par Chelsea into second

Morata double sends below-par Chelsea into second

Alvaro Morata scored twice to take unbeaten Chelsea above Liverpool into second place in the Premier League behind Manchester City on Sunday, but Maurizio Sarri's men made hard work of seeing off Crystal Palace 3-1. Morata has now scored four in his last
Published 05 Nov, 2018 12:00am
Sterling at the double as Man City hit Saints for six

Sterling at the double as Man City hit Saints for six

Raheem Sterling scored twice fresh from agreeing a new five-year contract with Manchester City as the champions swept aside Southampton 6-1 on Sunday to return to the top of the Premier League table. Sergio Aguero, with his 150th league goal, David Silva
Published 05 Nov, 2018 12:00am
South Africa thrash 'careless' Australia

South Africa thrash 'careless' Australia

South Africa hammered a careless Australia by six wickets in the first one-day international in Perth on Sunday, with a Dale Steyn-led pace onslaught exposing their batting frailties. Set 153 to win, Proteas' openers Quinton de Kock (47) and Reeza Hendric
Published 05 Nov, 2018 12:00am
Yadav stars as India beat West Indies in first T20

Yadav stars as India beat West Indies in first T20

Spinner Kuldeep Yadav starred in India's five-wicket win over West Indies in the first Twenty20 international on Sunday as the tourists struggled with the bat yet again on the tour. Yadav returned figures of 3-13 with his left-arm wrist spin as West Indie
Published 05 Nov, 2018 12:00am
'Parkinson's disease may start in appendix'

'Parkinson's disease may start in appendix'

Parkinson's disease has long been considered a disease of the brain, but research out Wednesday found it may start in the gut - specifically in the appendix, a tiny organ near the large intestine. Using health registries in Sweden and the United States, r
Published 05 Nov, 2018 12:00am
Robotic surgery for cervical cancer boosts death risk

Robotic surgery for cervical cancer boosts death risk

A minimally invasive, robotic surgery commonly used for performing hysterectomies in women with early stage cervical cancer actually boosts the risk of a woman dying, researchers warned on Wednesday. A pair of studies published in the New England Journal
Published 05 Nov, 2018 12:00am
Oceans heating faster than previously thought

Oceans heating faster than previously thought

The world's oceans have absorbed 60 percent more heat than previously thought over the last quarter of a century, scientists said on Thursday, leaving Earth more sensitive still to the effects of climate change. Oceans cover more than two thirds of the pl
Published 05 Nov, 2018 12:00am
UN sets out massive benefits from air pollution action in Asia

UN sets out massive benefits from air pollution action in Asia

Asia could reap massive benefits in health, environment, agriculture and economic growth if governments implement 25 policies such as banning the burning of household waste and cutting industrial emissions, according to a UN report. Air pollution is a hea
Published 05 Nov, 2018 12:00am
China's OnePlus launches smartphone in US

China's OnePlus launches smartphone in US

A five-year old Chinese smartphone company whose high-end products are little known outside a tech-savvy niche is entering the US market on Monday with the backing of two key local allies: chipmaking giant Qualcomm and mobile operator T-Mobile. The foray
Published 05 Nov, 2018 12:00am
Amazon's new goal: teach 10 million kids a year to code

Amazon's new goal: teach 10 million kids a year to code

Amazon wants to get more kids thinking about becoming computer engineers. The company launched a program Thursday that aims to teach more than 10 million students a year how to code. Amazon said it will pay for summer camps, teacher training and other ini
Published 05 Nov, 2018 12:00am
Typical tweet shorter since doubling of character

Typical tweet shorter since doubling of character

Twitter on Tuesday confirmed that a year after doubling the character limit for tweets, the average length of messages fired off in English actually got a smidge shorter. The news promised to allay concerns that raising the character limit from 140 to 280
Published 05 Nov, 2018 12:00am
Apple unveils new MacBook Air Laptop

Apple unveils new MacBook Air Laptop

Apple has unveiled a new version of its MacBook Air laptop, this time made of recycled aluminum, as well as a new Mac Mini and an iPad Pro, all pricier than their predecessors. Nearly 10 years after the launch of the first MacBook Air by the late Steve Jo
Published 05 Nov, 2018 12:00am
Japan Airlines Q2 profit dips

Japan Airlines Q2 profit dips

Japan Airlines Co Ltd on Wednesday reported a 3 percent fall in quarterly operating profit, dragged down by higher fuel prices and flight cancellations due to natural disasters. Operating profit for the quarter through September was 71.9 billion yen ($635
Published 05 Nov, 2018 12:00am
Japan Airlines Q2 profit dips

Japan Airlines Q2 profit dips

Japan Airlines Co Ltd on Wednesday reported a 3 percent fall in quarterly operating profit, dragged down by higher fuel prices and flight cancellations due to natural disasters. Operating profit for the quarter through September was 71.9 billion yen ($635
Published 05 Nov, 2018 12:00am
Higher consumer spending spurs Mastercard's profit beat

Higher consumer spending spurs Mastercard's profit beat

Mastercard on Tuesday joined bigger rival Visa in reporting stronger-than-expected earnings for the third quarter, as it benefited from more Americans swiping their credit cards for everything from gasoline to groceries. The company's shares rose 2.1 perc
Published 05 Nov, 2018 12:00am
ANZ second-half profit tumbles 13 per cent

ANZ second-half profit tumbles 13 per cent

Australia and New Zealand Banking Group said on Wednesday that second-half profit tumbled 13 percent, hit by costs to compensate customers hurt by the bank's misconduct as well as increases in the cost of funding. The country's Big Four lenders are reelin
Published 05 Nov, 2018 12:00am
ANZ second-half profit tumbles 13 per cent

ANZ second-half profit tumbles 13 per cent

Australia and New Zealand Banking Group said on Wednesday that second-half profit tumbled 13 percent, hit by costs to compensate customers hurt by the bank's misconduct as well as increases in the cost of funding. The country's Big Four lenders are reelin
Published 05 Nov, 2018 12:00am
MetLife posts profit on higher net investment income

MetLife posts profit on higher net investment income

Insurer MetLife Inc reported a third-quarter profit on Thursday, compared with a year-ago loss, helped by volume growth, favourable underwriting, expense management and improved investment income. MetLife shares were up 3.7 percent in after-hours trade on
Published 05 Nov, 2018 12:00am
MetLife posts profit on higher net investment income

MetLife posts profit on higher net investment income

Insurer MetLife Inc reported a third-quarter profit on Thursday, compared with a year-ago loss, helped by volume growth, favourable underwriting, expense management and improved investment income. MetLife shares were up 3.7 percent in after-hours trade on
Published 05 Nov, 2018 12:00am
China's Baidu tops revenue estimates with strong app traffic

China's Baidu tops revenue estimates with strong app traffic

Traffic growth on Baidu Inc's mobile app helped drive higher-than-expected third quarter revenue as China's biggest search engine operator places more emphasis on artificial intelligence (AI) and autonomous driving. Revenue rose to 28.2 billion yuan ($4.1
Published 05 Nov, 2018 12:00am
Lufthansa misses Q3 profit estimates

Lufthansa misses Q3 profit estimates

Germany's biggest carrier Lufthansa will increase flights at a more modest pace than its peers this season, after higher fuel costs and customer compensation for a slew of cancelled flights caused it to miss third quarter profit estimates. The fuel costs
Published 05 Nov, 2018 12:00am
Lufthansa misses Q3 profit estimates

Lufthansa misses Q3 profit estimates

Germany's biggest carrier Lufthansa will increase flights at a more modest pace than its peers this season, after higher fuel costs and customer compensation for a slew of cancelled flights caused it to miss third quarter profit estimates. The fuel costs
Published 05 Nov, 2018 12:00am
Tata Motors posts loss for three months

Tata Motors posts loss for three months

Losses at Jaguar Land Rover and a one-off payment to close a subsidiary dragged India's Tata Motors into the red for the three months to September, the company said on Wednesday. The Indian car giant reported a consolidated net loss of 10.49 billion rupee
Published 05 Nov, 2018 12:00am
Panasonic first half profit sags on higher costs

Panasonic first half profit sags on higher costs

Japanese electronics giant Panasonic said on Wednesday first-half net profit slipped on higher costs linked to a factory it runs with US electric carmaker Tesla, though sales rose thanks to growth in automotive products and industrial systems. Net profit
Published 05 Nov, 2018 12:00am
Panasonic first half profit sags on higher costs

Panasonic first half profit sags on higher costs

Japanese electronics giant Panasonic said on Wednesday first-half net profit slipped on higher costs linked to a factory it runs with US electric carmaker Tesla, though sales rose thanks to growth in automotive products and industrial systems. Net profit
Published 05 Nov, 2018 12:00am
Emirates seeks Rolls-Royce A380 engine deal, nothing finalized

Emirates seeks Rolls-Royce A380 engine deal, nothing finalized

Emirates is edging towards a deal with Rolls-Royce to power its latest Airbus A380 superjumbos but has not yet reached a final agreement, the Dubai-based airline said on Sunday. The fate of a lifeline order for up to 36 of the double-decker aircraft, of w
Published 05 Nov, 2018 12:00am
Iran Guardian Council rejects terror financing bill

Iran Guardian Council rejects terror financing bill

Iran's powerful Guardian Council on Sunday rejected a bill on joining the UN convention against terrorist financing seen as crucial to maintaining trade and banking ties with the world. The conservative-dominated council, which oversees legislation passed
Published 05 Nov, 2018 12:00am
US wages gains will get Fed's attention; no rate hike yet

US wages gains will get Fed's attention; no rate hike yet

Wage gains at long last have made an appearance in the US economy after a baffling absence amid robust job growth but the Federal Reserve is expected to hold its fire next week. Central bankers certainly will take notice of the recent data, with especial
Published 05 Nov, 2018 12:00am
US wages gains will get Fed's attention; no rate hike yet

US wages gains will get Fed's attention; no rate hike yet

Wage gains at long last have made an appearance in the US economy after a baffling absence amid robust job growth but the Federal Reserve is expected to hold its fire next week. Central bankers certainly will take notice of the recent data, with especial
Published 05 Nov, 2018 12:00am
Money moves again in Iraq's Mosul, but not via banks

Money moves again in Iraq's Mosul, but not via banks

Since jihadists were ousted from Mosul last year, taxi driver Abu Aref has ferried more than just people into Iraq's second city: he regularly smuggles envelopes stuffed with cash. This is how salaries are paid and bills settled in the northern metropolis
Published 05 Nov, 2018 12:00am
Sudan hikes flour subsidies by 40 percent
Currency

Sudan hikes flour subsidies by 40 percent

Sudan increased flour subsidies by 40 percent, the Finance Ministry said on Saturday, after the reduction of subsidies this year sent bread prices higher and triggered protests. The government would spend 35 million Sudanese pounds ($737,000) daily instea
Published 05 Nov, 2018 12:00am
Shanghai to allocate 30 billion yuan to boost private sector

Shanghai to allocate 30 billion yuan to boost private sector

China's financial hub Shanghai said late on Saturday it will allocate 30 billion yuan ($4.35 billion) in funding to support the private sector, amid growing concerns about the country's slowing economy. The move comes after Chinese President Xi Jinping la
Published 05 Nov, 2018 12:00am
Major companies urged to stop telling anti-slavery 'fairytales'

Major companies urged to stop telling anti-slavery 'fairytales'

Major corporations who claim to be committed to tackling the threat of forced labour often tell "fairytales" that belie workplace exploitation and shirk responsibility for cleaning up their supply chains, academics and activists told a conference. From te
Published 05 Nov, 2018 12:00am
Trade war's bark turns to bite in Asia

Trade war's bark turns to bite in Asia

The US-China tariff slugfest has for months triggered warnings that it could impact global economic growth, and recent data indicates the trade tension is indeed beginning to bite. Manufacturing gauges in several export-reliant Asian countries, as well as
Published 05 Nov, 2018 12:00am
Cuba lowers economic growth forecast as trade continues to drop

Cuba lowers economic growth forecast as trade continues to drop

Communist-run Cuba's economic growth will come in at around 1 percent this year, compared with the 2 percent previously forecast, due to a fall in exports and tourism revenue, state-run media reported over the weekend. The Caribbean island's gross domesti
Published 05 Nov, 2018 12:00am
As stocks suffer, forex markets keep calm and carry on
Currency

As stocks suffer, forex markets keep calm and carry on

As global stock markets head for one of their worst months in a decade and bond market volatility surges to more than four-month highs, the stampede out of risk has left the foreign exchange market largely unmoved. Riskier currencies - from emerging marke
Published 05 Nov, 2018 12:00am
Birthday blues for bitcoin as investors face year-on-year loss
Currency

Birthday blues for bitcoin as investors face year-on-year loss

Bitcoin was heading towards a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year's bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying. By 1300 GMT, b
Published 05 Nov, 2018 12:00am
Bitcoin remains a triumph of hope over experience
Currency

Bitcoin remains a triumph of hope over experience

Bitcoin's short history is a triumph of hope over experience. The digital money is marking its first decade with a punishing slump. Fraud and regulatory zeal have dried up the issuance of rival cryptocurrencies. The underlying blockchain technology has ye
Published 05 Nov, 2018 12:00am
A tough road ahead for India's battered rupee
Currency

A tough road ahead for India's battered rupee

There will be little respite for the bruised Indian rupee over the coming year, depressed by an escalating US-China trade war and rising domestic political risks ahead of a general election, a Reuters poll showed. Investors have generally shunned emerging
Published 05 Nov, 2018 12:00am
Qatar index up after cabinet reshuffle; other markets subdued

Qatar index up after cabinet reshuffle; other markets subdued

Qatari stocks ended firmer on Sunday following a government reshuffle, while markets elsewhere in the region, including |Saudi Arabia, were mostly weaker in lacklustre trade. Qatar, the world's top liquefied natural gas producer, announced the appointment
Published 05 Nov, 2018 12:00am
Dollar Libor posts biggest one-day jump since March
Libor

Dollar Libor posts biggest one-day jump since March

A key measure on what banks charge each other to borrow three-month dollars registered its largest one-day gain since mid-March, as the US government's growing debt load and the Federal Reserve's shrinking balance sheet have ratcheted up private borrowing
Published 05 Nov, 2018 12:00am
Swiss to replace scandal-hit Libor rate with SARON
Libor

Swiss to replace scandal-hit Libor rate with SARON

Switzerland has fleshed out plans for making the Swiss Average Rate Overnight (SARON) the reference rate for new corporate and private loans as the country moves away from the Libor lending standard which is being abandoned after a manipulation scandal.
Published 05 Nov, 2018 12:00am
Swiss to replace scandal-hit Libor rate with SARON
Libor

Swiss to replace scandal-hit Libor rate with SARON

Switzerland has fleshed out plans for making the Swiss Average Rate Overnight (SARON) the reference rate for new corporate and private loans as the country moves away from the Libor lending standard which is being abandoned after a manipulation scandal.
Published 05 Nov, 2018 12:00am
European funds swoop on stocks amid sell-off

European funds swoop on stocks amid sell-off

European fund managers have used this month's decline in global stock markets to bump up their equity exposure to the highest since January, though bond holdings have waned and Italy remains a serious concern. The Reuters monthly asset allocation poll of
Published 05 Nov, 2018 12:00am
European funds swoop on stocks amid sell-off

European funds swoop on stocks amid sell-off

European fund managers have used this month's decline in global stock markets to bump up their equity exposure to the highest since January, though bond holdings have waned and Italy remains a serious concern. The Reuters monthly asset allocation poll of
Published 05 Nov, 2018 12:00am
UK, EU close to Brexit deal over Irish border

UK, EU close to Brexit deal over Irish border

Britain would remain in a temporary customs union with the EU, avoiding a hard Irish border, as part of a new deal being thrashed out between London and Brussels, according to a Sunday Times report. Senior sources told the newspaper that Prime Minister Th
Published 05 Nov, 2018 12:00am
Assad, Russia envoy discuss Syria constitutional committee

Assad, Russia envoy discuss Syria constitutional committee

Syrian President Bashar al-Assad and an envoy from ally Russia on Sunday discussed "removing the obstacles" to forming a constitutional committee demanded by international powers to help end the seven-year war, the presidency said.
Published 05 Nov, 2018 12:00am
Ukrainian activist dies three months after acid attack

Ukrainian activist dies three months after acid attack

Ukrainian anti-corruption campaigner Kateryna Gandzyuk, seriously injured in an acid attack in July, has died in hospital, supporters and the government said Sunday. "Katya (Kateryna) is dead. Details will be available in a while," posted a Facebook group
Published 05 Nov, 2018 12:00am
Sri Lanka to lift parliament suspension in 10 days

Sri Lanka to lift parliament suspension in 10 days

Sri Lanka President Maithripala Sirisena on Sunday announced that he would lift the suspension of parliament in 10 days as international pressure mounted on him to open the legislature and resolve a leadership struggle. Sirisena had on Friday promised the
Published 05 Nov, 2018 12:00am
US forces patrol Syria's northeast

US forces patrol Syria's northeast

US forces on Sunday patrolled an area in northeastern Syria bordering Turkey after renewed tensions between Ankara and Syrian Kurds, a spokesman and an AFP reporter said. Three armoured vehicles carrying soldiers wearing the US flag on their uniform arriv
Published 05 Nov, 2018 12:00am
Aung San Suu Kyi's party slapped down in by-elections

Aung San Suu Kyi's party slapped down in by-elections

The party of Myanmar's embattled head of state Aung San Suu Kyi said Sunday they were defeated in six constituencies in a national by-election, showing uneven support for her government after a string of controversies.
Published 05 Nov, 2018 12:00am
Over 30 dead in Italy storms

Over 30 dead in Italy storms

Floods killed 12 people on the island of Sicily, including nine members of a single family, pushing Italy's week-long storm toll beyond 30, rescuers said Sunday. After a river burst its banks, the bodies of the family including children aged one, three an
Published 05 Nov, 2018 12:00am
Sudan accepts South Sudanese mediation in border regions

Sudan accepts South Sudanese mediation in border regions

Sudan has for the first time accepted mediation by South Sudan's leader in peace talks over the restive Sudanese border regions of South Kordofan and Blue Nile, a Sudanese official said on Sunday.
Published 05 Nov, 2018 12:00am
Battles rock Yemen port city as UN warns of 'living hell'

Battles rock Yemen port city as UN warns of 'living hell'

Intensified fighting shook a key rebel-held port city on Yemen's Red Sea coast on Sunday, leaving dozens dead as the United Nations warned that children in the war-torn country face "a living hell". The bloodshed comes despite growing international pressu
Published 05 Nov, 2018 12:00am
President calls for research in food and medicinal herbs

President calls for research in food and medicinal herbs

President Dr Arif Alvi said on Sunday there was a dire need for indigenous research in the fields of food, medicine plants that could alter the entire scenario in favour of the mankind. While inaugurating the 2nd International Symposium on Natural Product
Published 05 Nov, 2018 12:00am
Fawad, Ismail discuss federal government-funded uplift projects

Fawad, Ismail discuss federal government-funded uplift projects

Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain called on Sindh Governor Imran Ismail here Sunday and discussed the development projects undertaken by the Federal Government in the province, including the Karachi development packa
Published 05 Nov, 2018 12:00am
Buzdar condoles death of Khalid Ibrahim

Buzdar condoles death of Khalid Ibrahim

Punjab Chief Minister Sardar Usman Buzdar has expressed deep sense of sorrow and grief over the death of 69 years old former President of Azad Jammu Kashmir Sardar Khalid Ibrahim. In his condolence message, CM commiserated with the bereaved family and pra
Published 05 Nov, 2018 12:00am
Master Degree Programs: 3605 appear in SU's entrance exam

Master Degree Programs: 3605 appear in SU's entrance exam

The Pre-entry Test for admission to the Master Degree Programs in various departments/ institutes, for the academic year 2019 was held at the University of Sindh Jamshoro and its 5 campuses. As many as 3605 candidates including 1367 females tried their lu
Published 05 Nov, 2018 12:00am
KMC to launch anti-encroachment drive in Saddar today

KMC to launch anti-encroachment drive in Saddar today

The Karachi Metropolitan Corporation (KMC) is starting an operation against encroachments on major arteries of Saddar from today. This was decided at a meeting chaired by Metropolitan Commissioner Dr Syed Saif-ur-Rehman at the Commissioner Office, here on
Published 05 Nov, 2018 12:00am
Encroachers, land mafia to be taken to task: minister

Encroachers, land mafia to be taken to task: minister

Punjab Minister for Literacy Raja Rashid Hafeez declared a full-fledged campaign against encroachment and Qabza mafia, saying the influential people would be brought to book. He expressed these views during his visit to Rawalpindi Press Club (RPC) premise
Published 05 Nov, 2018 12:00am