US money market fund assets increased by $27.84 billion in the week ended November 6 to $2.874 trillion, marking their largest weekly rise in five months, the Money Fund Report said on Wednesday. Taxable money market fund assets grew by $26.64 billion to

US money market fund assets increased by $27.84 billion in the week ended November 6 to $2.874 trillion, marking their largest weekly rise in five months, the Money Fund Report said on Wednesday. Taxable money market fund assets grew by $26.64 billion to

Nigerian officials will go on a roadshow to London next week ahead of a planned $2.8 billion Eurobond sale this month, two banking sources told Reuters on Thursday. The roadshow, which is being organised by Citi and Standard Chartered, will run from Novem

Nigerian officials will go on a roadshow to London next week ahead of a planned $2.8 billion Eurobond sale this month, two banking sources told Reuters on Thursday. The roadshow, which is being organised by Citi and Standard Chartered, will run from Novem

US fund investors fled bonds at the fastest pace since 2013 in the final week of October, worried about rising interest rates and tightening monetary policy, Investment Company Institute (ICI) data showed on Wednesday.

US fund investors fled bonds at the fastest pace since 2013 in the final week of October, worried about rising interest rates and tightening monetary policy, Investment Company Institute (ICI) data showed on Wednesday.

Traders expect the Kenyan shilling and Ghana's cedi to come under pressure next week but predict other African currencies will remain stable.

The rouble hit a six-week low against the dollar on Friday, while a sell-off in Russian government bonds continued after the finance ministry indicated it could increase offerings of OFZ bonds. The rouble gave up gains and hit 67.90 versus the dollar at 1

Turkey's lira weakened around one percent against the dollar to its weakest level of the week on Friday after the US Federal Reserve reaffirmed its stand on tightening monetary policy, causing markets to price in a US December rate hike.

A key measure of what banks charge each other to borrow dollars for three months on Friday posted its smallest weekly increase in five weeks as the US Federal Reserve hinted it may raise key short-term lending rates in December. The London interbank offer

The Canadian dollar weakened to a nearly four-month low against the greenback on Friday as oil prices extended recent declines and a court ruling threatened to delay construction of a pipeline carrying heavy crude from Canada to the United States.

Speculators' net long bets on the US dollar rose to their highest level since January 2016 in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position

The US dollar rose toward a 16-month high against the euro on Friday as falling equity prices spurred a flight to quality and the US Federal Reserve reaffirmed its monetary tightening stance, citing the strong US economy. The S&P 500 fell more than 1 perc

Albania's government picked a group led by India Power Corporation Ltd. to build the Adriatic country's first solar power station worth 70 million euros ($79.34 million) with a capacity of 100 MW, the Energy Ministry said on Saturday. The offer by India P

Angola and French oil giant Total formally launched a major new offshore oil project Saturday to aid the country's economy that plunged into crisis following oil price dips in 2014. Project Kaombo, located in the Atlantic ocean 250 kilometres (155 miles)

Amazon.com Inc on Friday said it would carry more Apple Inc products globally in time for the holiday shopping season, as the technology rivals put aside past differences to boost sales. In coming weeks, the world's biggest online retailer will sell the l

Iraq and Saudi Arabia agreed on Saturday to work together to stabilise oil markets, Iraq's Oil Ministry spokesman Asim Jihad said, without giving further details. During a meeting in Baghdad, Iraq and Saudi Arabia's oil ministers also discussed an electri

Tens of thousands of people rallied in northern Italy on Saturday in support of an ambitious Franco-Italian rail link, known as TAV, and against the decision of the ruling anti-establishment 5-Star Movement to reconsider the project. The 270-km (167-mile)

Mozambique's President Filipe Nyusi opened a Chinese-built bridge in the capital Maputo on Saturday that cost $785 million, saying it would help link northern and southern Africa. The twin-tower suspension bridge stands 141 metres (463 feet) above Maputo

China National Aviation Fuel Group on Saturday launched the country's first aviation fuel consumption index aimed at providing a fresh gauge for the regional and national economic health of the world's second-largest economy. After stellar growth for deca

China National Aviation Fuel Group on Saturday launched the country's first aviation fuel consumption index aimed at providing a fresh gauge for the regional and national economic health of the world's second-largest economy. After stellar growth for deca

Raymond Plank, who started oil and gas producer Apache Corp in 1954 with two friends and built the Houston-based company into a global energy company and financial innovator, died on Thursday in Wyoming at 96, his family said. Plank, a World War Two bombe

Airstrikes by Turkish warplanes have "neutralised" 15 militants of the outlawed Kurdistan Workers Party (PKK) in northern Iraq, the military said on Twitter on Saturday, destroying hideouts and armouries belonging to the group. The Turkish army uses the p

Seven Turkish soldiers were killed in an "accidental" explosion at an army munitions depot, President Recep Tayyip Erdogan said Saturday. The defence ministry said the accident occurred when a heavy artillery shell exploded at a base at Sungu Tepe in sout

The United States on Friday insisted it was not pursuing a new "Cold War" with China, but the Pacific powers could only paper over deep differences during high-level talks. The defence chiefs and top foreign affairs officials of the two countries met in W

Flash floods after heavy rains in Kuwait killed one man Saturday and damaged roads, bridges and homes, officials said, as several oil firms and ministries announced a state of emergency. The health ministry said the man, aged 30, was swept away by the flo

Twitter Inc made another attempt to make users' tallies of followers more accurate on Friday, subtracting millions of suspicious followers which had reappeared on the social media service since a major purge in July. Twitter is under pressure to tackle it

European Union chief Donald Tusk on Saturday accused US President Donald Trump of being averse to a "strong and united" Europe and also warned against the emergence of a "brownshirt" nationalist front in EU elections next year. His comments came as Trump,

Glowing tributes were paid to the former Senator from Sindh and founder of Ashraf Group of Industries on his 35th death anniversary marked with due respect recently. Late Ch Muhammad Ashraf is the father of Chaudhry Muhammad Zaka Ashraf.

The Directorate of Intelligence and Investigation, Inland Revenue, Lahore has unearthed tax fraud pertaining to the period of July 2014 to September 2018 amounting to Rs 522 million in 11 cases of sales tax registered persons in its jurisdiction.

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Diplomatic Business Club (DBC) on Saturday signed a memorandum of understanding (MoU) to promote the country's image and economy. The DBC having over 300 leaders including the UK's m

SAARC Chamber of Commerce and Industry Pakistan chapter cancelled its three-day visit to India at the eleventh's hour to participate in the 76th executive meeting of SAARC chamber, commencing from Nov 10 in Chennai due to its hostility towards Pakistan es

Punjab Governor Chaudhry Muhammad Sarwar has said that there will be zero political interference in appointment of vice chancellors (VC) and deans at universities because the government believes in merit and transparency. He said that the government would

OLX has been a market leader in online classifieds since 2006, helping customers around the world buy, sell or exchange almost anything. Globally, OLX serves hundreds of millions of customers in 35+ markets and in over 50 languages.

A special anti-polio drive would be kicked off from November 12 during which more than seven million children would be administrated anti-polio vaccine in 12 districts, declared as sensitive.

The government has been asked to look into the price of diammonium phosphate (DAP), which is on higher side and requires intervention for reduction. Sources said that the issue of availability of DAP and urea was discussed during the last meeting of the E

Speakers at a seminar in Mardan Saturday said that Pakistan Stock Exchange (PSX) is the main source of increasing personal and national wealth and urged the small businesses to list themselves on the stock. They were of the opinion that PSX can resolve th

Federal Minister for Finance, Revenue, and Economic Affairs, Asad Umar, held an interactive session on Saturday (10th Nov) with foreign investors who are members of the Overseas Investors Chamber of Commerce and Industry (OICCI) where he also shared his v

The Central Power Purchasing Agency Guaranteed (CPPA-G) has proposed 64.3 paisa per unit increase in tariff of power Distribution Companies (Discos) for October 2018 under monthly fuel price adjustment mechanism. The National Electric Power Regulatory Aut

Prime Minister Imran Khan has sought the presentation of the changed design of Rapid Bus Transit (BRT) Peshawar project in the upcoming meeting of the Executive Committee of National Economic Coordination Council (ECNEC)) for approval. The ECC is likely t

The Lahore Chamber of Commerce & Industry (LCCI) President Almas Hyder has appointed the known businessman Nasib Ahmad Saifi as convener of the LCCI Standing Committee on Halal Food (Import & Export) for the year 2018-19.

The incidents of carjacking registered a significant increase in the federal capital during the last week as over 17 vehicles including motorbikes were stolen from different localities of the city. According to data gathered by Business Recorder he

Prices of essential kitchen items witnessed a reduction during this week past as compared to preceding week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed that during the week under review, prices of most of

Jamaat-e-Islami chief Sirajul Haq has said artificial measures can not bring real change and prosperity, and if the government wanted to provide relief to the masses, it should abolish the interest based economic system and enforce the Nizam-e-Mustafa.

Sarhad Chamber of Commerce & Industry (SCCI) has demanded the immediate launching of export cargo train from Peshawar to Karachi for the promotion of export from Khyber Pakhtunkhwa. The demand has been made by the chairman, SCCI's standing committee on Ra

Sebastian Vettel smashed the outright lap record as he topped the times for Ferrari in Saturday morning's third and final practice ahead of this weekend's Brazilian Grand Prix. The four-time champion German clocked a best lap in one minute and 7.948 secon

Leicester paid an emotional tribute to late owner Vichai Srivaddhanaprabha before their goalless draw against Burnley, while Newcastle boosted their bid to avoid Premier League relegation with a 2-1 win over Bournemouth on Saturday. Thai billionaire Vicha

England captain Joe Root believes England will go into the second Test against Sri Lanka at Kandy on Wednesday with "huge amounts of confidence" after overcoming the hosts in Galle. "We played some really good stuff," Root said after the commanding 211-ru

Barbora Strycova overpowered Sofia Kenin and Katerina Siniakova beat Alison Riske to hand the Czech Republic a 2-0 lead over holders the United States in the Fed Cup final in Prague on Saturday. Strycova, the world number 33, came from a set down to beat

Mexico's 136th-ranked Gaby Lopez celebrated the biggest victory of her career on Saturday when she triumphed at the $2.1 million Blue Bay LPGA in China. An emotional Lopez beat off world number one Ariya Jutanugarn of Thailand and a late challenge from Fr

Iran allowed hundreds of local women to attend the Asian Champions League final in Tehran on Saturday, Iranian news agencies reported, in a possible step towards ending their decades-old exclusion from top soccer matches in the country. The semi-official

Pakistan's selectors on Saturday included teenage pace sensation Shaheen Shah Afridi in a 15-man squad for the first two of the three Tests against New Zealand starting in Abu Dhabi next week. The 18-year-old has been in a devastating form in the ongoing

PML-N leader Ahsan Iqbal on Saturday said his party was in no mood to launch a movement against the government. Speaking to the media, he said the PML-N wants the government to bury under its own mistakes and failures.

Deputy Governor State Bank of Pakistan (SBP) Jameel Ahmad has urged banking industry to promote financing for SMEs, agriculture and housing sector as growth in these sectors will promote employment generation in Pakistan. While addressing the third Pakist

The Pakistan Women's Foundation for Peace the other day organized its annual Allama Iqbal Memorial Inter University Declamation competition to commemorate Day here at local hotel. Hamdard University won the contest while the jury members were Dr Fatima Ha

Commissioner Karachi, Iftikhar Ali Shalwani has said that the action against encroachments brought a sigh of relief to the residents of the area. Talking to a delegation of Korangi Association of Trade and Industry (KATI), he said that action against encr

Dr Farooq Sattar and his former comrades in Muttahida Qaumi Movement-Pakistan (MQM-P) continued to trade barbs against each other after the former had been expelled from the party. "Dr Farooq Sattar destroyed the party twice and he is going to harm the pa

Drought is expected to intensify in Sindh and southwestern Balochistan and up to three moderate spells of rain in northern Pakistan is also forecast for current month by the Met Office.

The Businessmen Panel (BMP) is aimed to plant strong presidential candidate in the forthcoming Federation of Pakistan Chambers of Commerce and Industry (FPCCI) elections for term 2019, so that Balochistan can be brought to the mainstream. BMP believes in

The Sindh Cabinet taking a historic and environmental friendly decision has decided to ban polythene and plastic bags in the province in phases, and in the first and initial phase ban has been imposed in Sukkur district which would be implemented within n

Foreign Office Spokesperson, Dr Muhammad Faisal has said that Pakistan's Embassy in Iraq has successfully managed to send all stranded Pakistani Zaireen (pilgrims) back to the country.

In order to create awareness amongst general populace regarding importance of cleanliness, Pakistan Navy conducted Beach cleaning and tree plantation campaign at Sea view. A large number of PN officers, men, students of Bahria Colleges/ Bahria model schoo

An accountability court on Saturday extended physical remand of Leader of the Opposition in National Assembly Shahbaz Sharif for another 14 days in Ashiana-e-Iqbal Housing Scheme scam. The National Accountability Bureau (NAB) also revealed before the cour

President Dr Arif Alvi has heightened the multifarious responsibility of teachers in an era of interconnected dimensions and emphasised that it has become imperative to transform schools from centres of teaching and learning to hubs of innovation, creativ

An anti-corruption court (ACC) in Rawalpindi on Saturday extended the interim bail of Bahria Town Chairman Malik Riaz, as well as nine other suspects, in a case pertaining to land-related fraud and forgery of 1,170 kanal of land belonging to the Punjab Fo

Foreign Minister Shah Mehmood Qureshi has said that the government will make all efforts on diplomatic level to bring Dr Aafia Siddiqui back to Pakistan. Aafia Siddiqui is a Pakistani neuroscientist and mother of three and has been imprisoned in the US al

Bannu police recovered a huge quantity of weapons and explosives here on Saturday. The police on a tip-off launched operation in Machi Khel Jani Khel area of the district. During the operation, a huge quantity of weapons including rocket-launchers, mortar

Governor Khyber Pakhtunkhwa Shah Farman has said that provision of quality education is key to the development of nations. PTI leadership believes in quality education and utilizing all resources for the said purpose. He was addressing as a chief guest du

The Punjab government on Saturday submitted a report in the Supreme Court regarding the losses and damage to property during the three-day long countrywide sit-ins staged by religious parties following a top court verdict acquitting Asia Bibi in a blasphe

The Federal Board of Revenue (FBR) has issued electronic return for companies for Tax Year 2018. In this regard, the FBR has issued SRO No. 357(I)/2018 to amend Income Tax Rules 2002 here on Saturday. According to the FBR, the companies would mention the

The Supreme Court on Saturday fixed the date for hearing of a petition on Friday 16 Nov, 18 against the Lahore High Court's decision to not summon former Prime Minister Nawaz Sharif and former Punjab chief minister Shahbaz Sharif in the Model Town case.

Model Ayyan Ali on Saturday has challenged her non-bailable arrest warrants issued by Customs Court in currency smuggling case. Ayyan's counsel adopted the stance that his client's arrest warrants were issued even after submission of sick application and

Pakistan Tehreek-e-Insaf (PTI) government and opposition parties have locked horns over the chairmanship of the Public Accounts Committee (PAC) as both are interested in getting their candidate elected to the key post.

Who would have imagined in the late 1980s that Russia, the inheritor state of the then Soviet Union, would be hosting talks for peace in Afghanistan 30 years down the road. The Soviet defeat in Afghanistan is considered one of the factors behind the large

When a gunman entered a California music bar this week and started firing, some of the patrons ran out of back doors, they smashed windows to escape, they hid. Unlike some mass shooting victims, they were not paralyzed by fear. But their quick action was

EU nationals who have settled in Britain are facing a dilemma as Brexit looms: pack their bags, apply for citizenship or stay put and hope for the best. In Manchester, northwest England, German national Melanie Moerbe has just become a British citizen at

The Merriam Webster dictionary defines 'social security' as "the principle or practice or a programme of public provision (as through social insurance or assistance) for the economic security and social welfare of the individual and his or her family". Ar

Of late India has upped its anti-Pakistan ante by inducting weaponry into its arsenal that tends to disturb the strategic balance that obtains between the two countries, undermining the strategic stability in the region. Last month, it signed a deal with

The world economic order established through the setting up of Bretton Woods institutions like the World Bank and the IMF in 1944 and running successfully since then seems to be gradually disintegrating. This trend seems to be particularly evident after t

A controversial refuelling arrangement between the United States and the Saudi-led coalition that is bombing Yemen was ended on Saturday, halting a key part of Washington's involvement in the conflict. The move came as warplanes pounded the key strategic

A controversial refuelling arrangement between the United States and the Saudi-led coalition that is bombing Yemen was ended on Saturday, halting a key part of Washington's involvement in the conflict. The move came as warplanes pounded the key strategic

The Federal Board of Revenue (FBR) has decided to engage a new technology partner of international repute to assist Pakistan Revenue Automation Limited (PRAL) - the IT arm of the FBR - for carrying out IT related functions and maintenance of electronic da

The Federal Board of Revenue (FBR) has decided to engage a new technology partner of international repute to assist Pakistan Revenue Automation Limited (PRAL) - the IT arm of the FBR - for carrying out IT related functions and maintenance of electronic da

The Federal Board of Revenue (FBR) has decided to engage a new technology partner of international repute to assist Pakistan Revenue Automation Limited (PRAL) - the IT arm of the FBR - for carrying out IT related functions and maintenance of electronic da

Flash floods killed 12 people in Jordan and forced nearly 4,000 tourists to flee the famed ancient desert city of Petra, emergency services said on Saturday. Search teams were scouring valleys near the historic hill town of Madaba for a young girl who was

Flash floods killed 12 people in Jordan and forced nearly 4,000 tourists to flee the famed ancient desert city of Petra, emergency services said on Saturday. Search teams were scouring valleys near the historic hill town of Madaba for a young girl who was

Federal Minister for Railways Sheikh Rasheed Ahmed has claimed that a number of politicians, including Shahbaz Sharif have moved their requests for a National Reconciliation Ordinance (NRO). "He (Shahbaz Sharif) is more corrupt than Nawaz Sharif," he said

Federal Minister for Railways Sheikh Rasheed Ahmed has claimed that a number of politicians, including Shahbaz Sharif have moved their requests for a National Reconciliation Ordinance (NRO). "He (Shahbaz Sharif) is more corrupt than Nawaz Sharif," he said

The top court Saturday delisted the issue of fake degree of Director General National Accountability Bureau (NAB), Lahore, Shahzad Saleem, which was fixed for November 12 (Monday). The matter of Shahzad Saleem's alleged fake degree had been brought to the

The top court Saturday delisted the issue of fake degree of Director General National Accountability Bureau (NAB), Lahore, Shahzad Saleem, which was fixed for November 12 (Monday). The matter of Shahzad Saleem's alleged fake degree had been brought to the

A new standoff between Hindu traditionalists and Indian police over a flashpoint shrine is looming next week, with 560 women reportedly registering to visit the side when it reopens on November 17. India's Supreme Court in September ruled that all females

A new standoff between Hindu traditionalists and Indian police over a flashpoint shrine is looming next week, with 560 women reportedly registering to visit the side when it reopens on November 17. India's Supreme Court in September ruled that all females

Iranian President Hassan Rouhani said on Saturday that US sanctions announced last week have had no effect on Iran''s economy because Washington had already practically reimposed them earlier. The restoration of sanctions is part of a wider effort by US P

Iranian President Hassan Rouhani said on Saturday that US sanctions announced last week have had no effect on Iran's economy because Washington had already practically reimposed them earlier. The restoration of sanctions is part of a wider effort by US Pr

Iranian President Hassan Rouhani said on Saturday that US sanctions announced last week have had no effect on Iran's economy because Washington had already practically reimposed them earlier. The restoration of sanctions is part of a wider effort by US Pr

Differences between Punjab Governor Chaudhry Sarwar and PTI's coalition partner PML-Q surfaced after a video leaked in the media on Saturday. Speaker Punjab Assembly Chaudhry Parvez Elahi endorsed the reservations of PML-Q's Tariq Bashir Cheema in a meeti

Differences between Punjab Governor Chaudhry Sarwar and PTI's coalition partner PML-Q surfaced after a video leaked in the media on Saturday. Speaker Punjab Assembly Chaudhry Parvez Elahi endorsed the reservations of PML-Q's Tariq Bashir Cheema in a meeti

The aircraft of Pakistan International Airlines (PIA) has escaped from an untoward situation during landing at Panjgur, Balochistan.

The aircraft of Pakistan International Airlines (PIA) has escaped from an untoward situation during landing at Panjgur, Balochistan.

The Bank of Punjab (BoP) President Naeemuddin Khan resigned from his office a month before the expiry of his term, said sources. He was performing his duties as President BoP since the last decade and turnaround it from the brink of bankruptcy and convert