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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-03-28
Enel raises dividend for 2015 as profits jump

Enel raises dividend for 2015 as profits jump

Italy's biggest utility Enel said on Tuesday it would pay a higher dividend in its 2015 results of 0.16 euros after its net profit for the year jumped more 300 percent. The state-controlled utility had paid a dividend of 0.14 euros per share on 2014 resul
Published 28 Mar, 2016 12:00am
Accenture revenue, profit beat on strong consulting growth
Currency

Accenture revenue, profit beat on strong consulting growth

Accenture Plc reported quarterly revenue and profit above analysts' expectations, led by strong growth in its consulting business, especially in North America. The company also raised its 2016 net revenue growth forecast to 8-10 percent from 6-9 percent i
Published 28 Mar, 2016 12:00am
Lloyd's of London chief says Brexit would hurt its business

Lloyd's of London chief says Brexit would hurt its business

Specialist insurance market Lloyd's of London would be less appealing to investors outside Britain if the country voted to leave the European Union, its chairman John Nelson said on Wednesday, as the group reported a drop in profit last year.
Published 28 Mar, 2016 12:00am
Virgin Atlantic profit up, sees more growth this year

Virgin Atlantic profit up, sees more growth this year

British-based airline Virgin Atlantic said annual profit almost doubled in 2015, and was set to grow significantly in 2016 as its fuel hedges unwind, enabling it to fully benefit from the lower oil price. The airline, 51 percent-owned by its billionaire f
Published 28 Mar, 2016 12:00am
Fonterra advances dividends on profit surge

Fonterra advances dividends on profit surge

New Zealand dairy giant Fonterra promised to bring forward dividends on Wednesday, as the same slide in milk prices that helped it more than double first-half profit continues to eat into revenue for the co-operative's farmer-shareholders.
Published 28 Mar, 2016 12:00am
Fonterra advances dividends on profit surge

Fonterra advances dividends on profit surge

New Zealand dairy giant Fonterra promised to bring forward dividends on Wednesday, as the same slide in milk prices that helped it more than double first-half profit continues to eat into revenue for the co-operative's farmer-shareholders.
Published 28 Mar, 2016 12:00am
Mitsui likely to post first annual loss since 1947

Mitsui likely to post first annual loss since 1947

Japan's Mitsui & Co is set to post its first annual loss since being established in 1947 after a slide in energy and metal prices forced it book 260 billion yen ($2.3 billion) in writedowns, it said on Wednesday.
Published 28 Mar, 2016 12:00am
Britain's Jamie Murray takes doubles World No 1 spot

Britain's Jamie Murray takes doubles World No 1 spot

Britain's Jamie Murray, the older brother of two-time Grand Slam singles champion Andy Murray, became the ATP doubles world number one for the first time on Sunday without even taking the court.
Published 28 Mar, 2016 12:00am
Police fire tear gas as Guinea-Bissau stun Kenya

Police fire tear gas as Guinea-Bissau stun Kenya

Kenyan police fired tear gas to disperse protesting spectators after a stunning 1-0 home defeat by minnows Guinea-Bissau Sunday in a 2017 Africa Cup of Nations qualifier. Trouble erupted at the Nyayo National Stadium in Nairobi when the visitors snatched
Published 28 Mar, 2016 12:00am
Cycling Quintana wins Tour of Catalonia

Cycling Quintana wins Tour of Catalonia

Colombia's Nairo Quintana won the Tour of Catalonia on Sunday with the final stage - a 136km circuit around Barcelona's Montjuic area, the site of the 1992 Olympic Games - going to Alexey Tsatevich of Russia. Quintana, head of the Movistar team, took the
Published 28 Mar, 2016 12:00am
Roar top as others keep pace in A-League

Roar top as others keep pace in A-League

Brisbane Roar topped Australia's A-league after beating finals contenders Sydney FC, as defending champions Melbourne Victory triumphed against the Western Sydney Wanderers in the last rounds of the contest.
Published 28 Mar, 2016 12:00am
England's Roy, Willey fined as emotions spill over at T20

England's Roy, Willey fined as emotions spill over at T20

England opener Jason Roy and fast bowler David Willey have been fined at the World Twenty20 after emotions spilled over during their win over Sri Lanka on Saturday. Both players gave solid performances during England's nailbiting 10-run victory over Sri L
Published 28 Mar, 2016 12:00am
'Happy dressing-room' as flawless Kiwis march on

'Happy dressing-room' as flawless Kiwis march on

Unsung New Zealand have begun to emerge from Brendon McCullum's shadow and are revelling in their success over cricket's big guns, according to veteran Ross Taylor. After they cruised through the group stages of the World Twenty20 in India, winning all fo
Published 28 Mar, 2016 12:00am
Kohli's unbeaten innings helps India storm past Aussies into semis

Kohli's unbeaten innings helps India storm past Aussies into semis

India qualified for the World Twenty20 semi-finals and knocked out Australia after Virat Kohli smashed a brilliant unbeaten 82 in their do-or-die showdown in Mohali on Sunday. Kohli's powerful 51-ball knock propelled India to a six-wicket victory, success
Published 28 Mar, 2016 12:00am
Painting by numbers: what value in China's art market?
Exchange

Painting by numbers: what value in China's art market?

The serenity of Cui Ruzhuo's ink landscapes is a far cry from the turmoil of China's contemporary art market. But he can bank on his own status as the country's best-selling living artist. Cui's works reflect traditional Chinese forms and subjects, replet
Published 28 Mar, 2016 12:00am
Japan looks to kickstart 'fintech' revolution
Exchange

Japan looks to kickstart 'fintech' revolution

A laggard in embracing the 'fintech', or financial technology, revolution, Japan is set to ease investment restrictions that could free up the flow of capital in an economy sitting on an estimated $9 trillion in individuals' cash deposits. Strict regulati
Published 28 Mar, 2016 12:00am
Bangladesh asks New York Fed, Philippines to help retrieve stolen money

Bangladesh asks New York Fed, Philippines to help retrieve stolen money

The new governor of Bangladesh's central bank has sent formal letters to the New York Fed, as well as central bank and money laundering chiefs in the Philippines, asking them to help recover its stolen $81 million, a senior central bank official said on S
Published 28 Mar, 2016 12:00am
Oman to increase air traffic fees in state revenue push

Oman to increase air traffic fees in state revenue push

Oman's Public Authority for Civil Aviation (PACA) will raise fees charged for air traffic through the sultanate, the authority's chief executive Mohammed al-Zaabi told the official Oman News Agency.
Published 28 Mar, 2016 12:00am
Egypt's Sawiris says CI Capital acquisition stalled by security
Currency

Egypt's Sawiris says CI Capital acquisition stalled by security

Egyptian billionaire Naguib Sawiris said on Sunday his bid to acquire CI Capital, the investment arm of Egypt's largest listed bank, was being held up by national security concerns and criticised state meddling in business that he said would put off inves
Published 28 Mar, 2016 12:00am
Egypt's Sawiris says CI Capital acquisition stalled by security
Currency

Egypt's Sawiris says CI Capital acquisition stalled by security

Egyptian billionaire Naguib Sawiris said on Sunday his bid to acquire CI Capital, the investment arm of Egypt's largest listed bank, was being held up by national security concerns and criticised state meddling in business that he said would put off inves
Published 28 Mar, 2016 12:00am
ECB leads the big parade, Fed strolls the other way

ECB leads the big parade, Fed strolls the other way

When Morocco's central bank cut interest rates on March 22, it joined a parade of 46 others that have eased monetary policy at least once since the beginning of 2015. Perhaps more trenchantly, it was also the 15th time this year - still less than a quarte
Published 28 Mar, 2016 12:00am
Construction of Indonesian coal-fired power plant to start

Construction of Indonesian coal-fired power plant to start

The construction of a $4 billion, 2,000-megawatt coal-fired power station in Indonesia will begin on April 1 after years of delay as land acquisitions are finally complete, Japan's Nikkei business daily said on Sunday.
Published 28 Mar, 2016 12:00am
Blackstone veteran dealmaker Chu eyes $1 billion IPO
Exchange

Blackstone veteran dealmaker Chu eyes $1 billion IPO

Chinh Chu, the veteran dealmaker who ended a 25-year career at Blackstone Group LP last year, is preparing to launch an acquisition company that could raise up to $1 billion in a US initial public offering, people familiar with the matter said. If success
Published 28 Mar, 2016 12:00am
Blackstone veteran dealmaker Chu eyes $1 billion IPO
Exchange

Blackstone veteran dealmaker Chu eyes $1 billion IPO

Chinh Chu, the veteran dealmaker who ended a 25-year career at Blackstone Group LP last year, is preparing to launch an acquisition company that could raise up to $1 billion in a US initial public offering, people familiar with the matter said. If success
Published 28 Mar, 2016 12:00am
Smaller exchanges fight to survive in world of behemoths
Exchange

Smaller exchanges fight to survive in world of behemoths

Small and mid-sized stock exchanges in eastern Europe face a struggle to survive in a world where the behemoths attract the juiciest listings, and trading volumes are steadily shrinking. Across the region, capital markets tend to be small, deterring inves
Published 28 Mar, 2016 12:00am
Egypt pulls back from near technical barrier, Gulf slips
Exchange

Egypt pulls back from near technical barrier, Gulf slips

Egypt's stock market fell back from near technical resistance on Sunday while Gulf markets also slipped in the absence of fresh, positive news. The Egyptian index, which is up 22 percent since the end of last month in response to a devaluation of the curr
Published 28 Mar, 2016 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Inter bank buy/sell rates for the taka against the dollar on Sunday.78.40-78.40 (previous 78.40-78.40) 02.40-04.50 percent (* Previous 01.10-04.50 percent) (* revised).
Published 28 Mar, 2016 12:00am
US investor group urges halt to dual-class structures in IPOs

US investor group urges halt to dual-class structures in IPOs

An influential group representing top US pension funds on Wednesday urged companies that go public to stop using a maneuver that gives insiders extra control and makes other investors second-class corporate citizens.
Published 28 Mar, 2016 12:00am
US investor group urges halt to dual-class structures in IPOs

US investor group urges halt to dual-class structures in IPOs

An influential group representing top US pension funds on Wednesday urged companies that go public to stop using a maneuver that gives insiders extra control and makes other investors second-class corporate citizens.
Published 28 Mar, 2016 12:00am
Wave of cash set to hit European rates market

Wave of cash set to hit European rates market

The sovereign, supranational and agency market is expected to be flooded with several billion euros of additional buying interest in April, potentially introducing further severe distortions and making the primary market difficult to navigate.
Published 28 Mar, 2016 12:00am
Senvion falls in lacklustre Frankfurt market debut

Senvion falls in lacklustre Frankfurt market debut

German wind turbine maker Senvion made a lacklustre stock market debut on Wednesday but breathed some life into Europe's initial public offering (IPO) market, which has seen very little business this year due to jittery trading. Senvion shares started tra
Published 28 Mar, 2016 12:00am
Gallows humour in Brussels as EU gloomily awaits British vote
Currency

Gallows humour in Brussels as EU gloomily awaits British vote

Even before the shock of last week's deadly Brussels bombings, gallows humour had taken hold in the square kilometre around Schuman Roundabout, the heart of the city's European district. It's been a miserable start to the year for the European Union with
Published 28 Mar, 2016 12:00am
Somali pirates on trial in France for fatal hijacking

Somali pirates on trial in France for fatal hijacking

Seven suspected Somali pirates are due in court in Paris on Tuesday over the hijacking of a French yacht that left the owner dead and his wife facing a hellish kidnapping ordeal. Christian and Evelyne Colombo had sold everything to make their dream voyage
Published 28 Mar, 2016 12:00am
ETA calls for peace talks, return of prisoners

ETA calls for peace talks, return of prisoners

Basque separatist group ETA called Sunday for peace talks with the Spanish and French governments and the return of ETA prisoners to the northern Basque region. In a lengthy article printed in Basque newspaper Naiz, ETA's traditional mouthpiece, the group
Published 28 Mar, 2016 12:00am
Myanmar army chief vows to uphold democratic transition

Myanmar army chief vows to uphold democratic transition

Myanmar's powerful army chief vowed Sunday to keep the nation "on the path to democracy", days before Aung San Suu Kyi's civilian government takes office after decades of army rule. Senior General Min Aung Hlaing made the remarks at an annual display of m
Published 28 Mar, 2016 12:00am
Defence no-show delays Qatar murder retrial

Defence no-show delays Qatar murder retrial

The retrial in a high-profile case of a Qatari man accused of killing a British teacher was adjourned on Sunday after the defence lawyer failed to show up in court. The case of Badr Hashim Khamis Abdallah al-Jabar was adjourned until May 1 because of the
Published 28 Mar, 2016 12:00am
Spanish police smash ring that smuggled hashish to Russia

Spanish police smash ring that smuggled hashish to Russia

Spanish police said Sunday they have dismantled a drug ring that used cars fitted with false floors to transport huge amounts of hashish from Spain to Russia, Poland and Estonia, with the arrest of 15 suspects. Investigators seized 1.2 tonnes of hashish i
Published 28 Mar, 2016 12:00am
New opposition party launched in Japan ahead of summer election

New opposition party launched in Japan ahead of summer election

Two Japanese opposition parties merged on Sunday to form a new grouping intended to put pressure on Prime Minister Shinzo Abe's conservative ruling party before the upper house election this summer. The Democratic Party of Japan (DPJ), the main opposition
Published 28 Mar, 2016 12:00am
Elahi questions Nawaz's 'silence' over RAW agent's arrest

Elahi questions Nawaz's 'silence' over RAW agent's arrest

PML-Q leader Chaudhry Parvez Elahi has said that Nawaz Sharif's silence over the arrest of RAW agent is meaningful. Nawaz has been sending sarees to Narendra Modi and in return, Modi is sending RAW agents to Pakistan, Parvez Elahi said while addressing a
Published 28 Mar, 2016 12:00am
TEVTA, NAVTTC arrange National Skill Show from March 29

TEVTA, NAVTTC arrange National Skill Show from March 29

Various Projects being prepared by youth enrolled in technical and vocational institutes will be displayed in two days National Skills Show 2016. Technical Education and Vocational Training Authority (TEVTA) and National Vocational & Technical Training Co
Published 28 Mar, 2016 12:00am
Pakistan Plastic Show 2016 concludes

Pakistan Plastic Show 2016 concludes

As many as 60,000 visitors showed deep interest in the displayed technologies, machinery and products, with special interest in the on-the-spot manufacturing of various plastic items at the Pakistan Plastic show 2016 ( 25th to 27th March ) that concluded
Published 28 Mar, 2016 12:00am
Irrigation Department constitutes six teams to monitor floods

Irrigation Department constitutes six teams to monitor floods

On the instructions of Provincial Irrigation Minister, Yawar Zaman, six high level teams have been constituted by the Irrigation Department to inspect the Flood Bunds, Flood Protection Works and Breaching Sections to check their status of maintenance and
Published 28 Mar, 2016 12:00am
Shahbaz visits brick kilns in Kasur Village

Shahbaz visits brick kilns in Kasur Village

Punjab Chief Minister Muhammad Shahbaz Sharif paid a surprise visit to brick kilns at villages adjacent to Kasur on Sunday and reviewed the steps taken for elimination of child labour. The Chief Minister landed his helicopter at a village adjacent to Raja
Published 28 Mar, 2016 12:00am
MCCI chief for reducing export-import gap

MCCI chief for reducing export-import gap

Expressing its concern over trade deficit during last eight months, Multan Chamber of Commerce and Industry (MCCI) President Fareed Mughis Sheikh has said that the widening gap between the exports and imports could be curtailed through reducing imports of
Published 28 Mar, 2016 12:00am
Two alleged target killers held

Two alleged target killers held

The Sindh Rangers on Sunday foiled an attempt of terrorism and arrested two alleged target killers. The Rangers' personnel also recovered a huge cache of sophisticated weapons. A spokesman for Sindh Rangers said that the paramilitary troops during a raid
Published 28 Mar, 2016 12:00am
'Embezzlement': HCCI demands probe

'Embezzlement': HCCI demands probe

Hyderabad Chamber of Commerce and Industry (HCCI) demanded of Sindh government to probe into alleged embezzlement of donations collected in boxes installed at different shrines.
Published 28 Mar, 2016 12:00am
NA Speaker, Deputy Speaker felicitate Christians on Easter

NA Speaker, Deputy Speaker felicitate Christians on Easter

Sardar Ayaz Sadiq, Speaker National Assembly, has extended warm felicitations to Christian members of the Parliament and Christian community on auspicious occasion of Easter. The Speaker said "Jesus Christ (Great Messenger of Allah) was ordained by Almigh
Published 28 Mar, 2016 12:00am
Three-day 'Youth Carnival' from March 31

Three-day 'Youth Carnival' from March 31

Three-day 'Youth Carnival' of Institute of Space Technology (IST) starting from March 31 would showcase variety of competitions among the students of different bona fide universities. Arranging such carnivals is an annual feature of the institute to give
Published 28 Mar, 2016 12:00am
PPP KP congratulates Christians

PPP KP congratulates Christians

PPP Khyber Pakhtunkhwa chapter has congratulated Christian community of the country including Khyber Pakhtunkhwa on the occasion of Easter and urged the people for participation in the religious festivals of minorities to play their due role in the highli
Published 28 Mar, 2016 12:00am
Al-Jazeera says to cut around 500 jobs

Al-Jazeera says to cut around 500 jobs

Qatar's state-funded broadcaster Al-Jazeera on Sunday announced a fresh round of job cuts with around 500 positions being lost, most of them at the network's Doha headquarters. On top of existing losses of 700 jobs following an announcement earlier this y
Published 28 Mar, 2016 12:00am
Al-Jazeera says to cut around 500 jobs

Al-Jazeera says to cut around 500 jobs

Qatar's state-funded broadcaster Al-Jazeera on Sunday announced a fresh round of job cuts with around 500 positions being lost, most of them at the network's Doha headquarters. On top of existing losses of 700 jobs following an announcement earlier this y
Published 28 Mar, 2016 12:00am
Karachi Press Club attacked

Karachi Press Club attacked

Dozens of assailants stormed the Karachi Press Club on Sunday, beat up journalists and snatched their cameras, police said. A charged mob comprising 60 to 70 people forced its way into the press club and assaulted journalists. The assailants also tried to
Published 28 Mar, 2016 12:00am
Karachi Press Club attacked

Karachi Press Club attacked

Dozens of assailants stormed the Karachi Press Club on Sunday, beat up journalists and snatched their cameras, police said. A charged mob comprising 60 to 70 people forced its way into the press club and assaulted journalists. The assailants also tried to
Published 28 Mar, 2016 12:00am
PM to attend Nuclear Security Summit in US

PM to attend Nuclear Security Summit in US

Prime Minister Nawaz Sharif will represent Pakistan at the fourth and final nuclear security summit in Washington on Thursday. The summit will discuss the evolving threats and highlight steps to minimise the use of highly-enriched uranium.
Published 28 Mar, 2016 12:00am
PM to attend Nuclear Security Summit in US

PM to attend Nuclear Security Summit in US

Prime Minister Nawaz Sharif will represent Pakistan at the fourth and final nuclear security summit in Washington on Thursday. The summit will discuss the evolving threats and highlight steps to minimise the use of highly-enriched uranium.
Published 28 Mar, 2016 12:00am
Mob attacks Junaid Jamshed

Mob attacks Junaid Jamshed

A charged crowed of unknown people at Benazir International Airport late Saturday night assaulted singer-turned-evangelist Junaid Jamshed, accusing him of committing blasphemy. The former vocalist of Vital Signs band received kicks and blows by a small gr
Published 28 Mar, 2016 12:00am
Mob attacks Junaid Jamshed

Mob attacks Junaid Jamshed

A charged crowed of unknown people at Benazir International Airport late Saturday night assaulted singer-turned-evangelist Junaid Jamshed, accusing him of committing blasphemy. The former vocalist of Vital Signs band received kicks and blows by a small gr
Published 28 Mar, 2016 12:00am
Inzi's Afghanistan clinch historic win over West Indies

Inzi's Afghanistan clinch historic win over West Indies

Afghanistan downed the powerful West Indies by six runs in a historic World Twenty20 match in Nagpur on Sunday, handing the never-say-die underdogs their first ever Super 10 victory. Afghanistan had failed to qualify for the semi-finals heading into Sunda
Published 28 Mar, 2016 12:00am
Inzi's Afghanistan clinch historic win over West Indies

Inzi's Afghanistan clinch historic win over West Indies

Afghanistan downed the powerful West Indies by six runs in a historic World Twenty20 match in Nagpur on Sunday, handing the never-say-die underdogs their first ever Super 10 victory. Afghanistan had failed to qualify for the semi-finals heading into Sunda
Published 28 Mar, 2016 12:00am
Sanders trounces Clinton in three US states

Sanders trounces Clinton in three US states

Bernie Sanders made a clean sweep of Democratic election contests in Alaska, Hawaii and Washington, although he barely dented the formidable lead enjoyed by frontrunner Hillary Clinton in the battle for the party's presidential nomination. US news network
Published 28 Mar, 2016 12:00am
Sanders trounces Clinton in three US states

Sanders trounces Clinton in three US states

Bernie Sanders made a clean sweep of Democratic election contests in Alaska, Hawaii and Washington, although he barely dented the formidable lead enjoyed by frontrunner Hillary Clinton in the battle for the party's presidential nomination. US news network
Published 28 Mar, 2016 12:00am
33 Pakistani detained in India released

33 Pakistani detained in India released

India on Sunday released at least 33 Pakistani nationals from their custody, claimed the relatives. However, two people are said to be still in the custody of India authorities. At least 35 Pakistani nationals were detained by Indian police in the desert
Published 28 Mar, 2016 12:00am
33 Pakistani detained in India released

33 Pakistani detained in India released

India on Sunday released at least 33 Pakistani nationals from their custody, claimed the relatives. However, two people are said to be still in the custody of India authorities. At least 35 Pakistani nationals were detained by Indian police in the desert
Published 28 Mar, 2016 12:00am
13 more cohorts of nabbed RAW agent arrested

13 more cohorts of nabbed RAW agent arrested

The intelligence agencies have geared up the operation against the Research and Analysis Wings (RAW) culprits across the country and arrested 13 more accomplices of Kulbhushan Yadav, detained Indian intelligence agency agent. Sources said that the nabbed
Published 28 Mar, 2016 12:00am
13 more cohorts of nabbed RAW agent arrested

13 more cohorts of nabbed RAW agent arrested

The intelligence agencies have geared up the operation against the Research and Analysis Wings (RAW) culprits across the country and arrested 13 more accomplices of Kulbhushan Yadav, detained Indian intelligence agency agent. Sources said that the nabbed
Published 28 Mar, 2016 12:00am
Israel board hears rapist former president's early parole request

Israel board hears rapist former president's early parole request

An Israeli parole committee heard on Sunday the request of former president Moshe Katzav to have his seven-year rape sentence reduced by a third, an official said. A justice ministry spokeswoman said the three-person committee, comprised of a retired judg
Published 28 Mar, 2016 12:00am
Jim Harrison, novelist of the wild, dies

Jim Harrison, novelist of the wild, dies

Jim Harrison, the American novelist and poet who explored the natural world in such works as "Legends of the Fall," has died, his publisher confirmed Sunday. He was 78. Harrison, who US media said passed away at his home in Patagonia, Arizona, relished a
Published 28 Mar, 2016 12:00am
Army chiefs meet in Saudi Arabia

Army chiefs meet in Saudi Arabia

Military chiefs from 39 countries met Sunday in Riyadh for talks on a Saudi-initiated international "anti-terrorism" coalition. Saudi Arabia announced the creation of the coalition in December, saying its members would share intelligence, counter violent
Published 28 Mar, 2016 12:00am
US condemns cowardly attack

US condemns cowardly attack

The United States condemned as "cowardly" an apparent suicide attack on a crowded park in Lahore that killed at least 65 people Sunday, vowing to work with Pakistan to defeat those sowing terror in the country. Children were among the dead and more than 2
Published 28 Mar, 2016 12:00am
Retiring the $500 million Eurobond: Dar directs EAD to ensure payments

Retiring the $500 million Eurobond: Dar directs EAD to ensure payments

Finance Minister Senator Ishaq Dar on Sunday directed Economic Affairs Division (EAD) to ensure timely payments for retiring the $500 million Eurobond floated in 2006. The bond was issued during the Pervaiz Musharraf/Shaukat Aziz led regime and carried an
Published 28 Mar, 2016 12:00am
Retiring the $500 million Eurobond: Dar directs EAD to ensure payments

Retiring the $500 million Eurobond: Dar directs EAD to ensure payments

Finance Minister Senator Ishaq Dar on Sunday directed Economic Affairs Division (EAD) to ensure timely payments for retiring the $500 million Eurobond floated in 2006. The bond was issued during the Pervaiz Musharraf/Shaukat Aziz led regime and carried an
Published 28 Mar, 2016 12:00am
Retiring the $500 million Eurobond: Dar directs EAD to ensure payments

Retiring the $500 million Eurobond: Dar directs EAD to ensure payments

Finance Minister Senator Ishaq Dar on Sunday directed Economic Affairs Division (EAD) to ensure timely payments for retiring the $500 million Eurobond floated in 2006. The bond was issued during the Pervaiz Musharraf/Shaukat Aziz led regime and carried an
Published 28 Mar, 2016 12:00am
Retiring the $500 million Eurobond: Dar directs EAD to ensure payments

Retiring the $500 million Eurobond: Dar directs EAD to ensure payments

Finance Minister Senator Ishaq Dar on Sunday directed Economic Affairs Division (EAD) to ensure timely payments for retiring the $500 million Eurobond floated in 2006. The bond was issued during the Pervaiz Musharraf/Shaukat Aziz led regime and carried an
Published 28 Mar, 2016 12:00am
Troops deployed after LEAs, Qadri supporters clash

Troops deployed after LEAs, Qadri supporters clash

The federal government on Sunday called out the military to secure the highly-guarded Red Zone after thousands of supporters of Mumtaz Qadri stormed the red zone, seeking release of their colleagues.
Published 28 Mar, 2016 12:00am
Troops deployed after LEAs, Qadri supporters clash

Troops deployed after LEAs, Qadri supporters clash

The federal government on Sunday called out the military to secure the highly-guarded Red Zone after thousands of supporters of Mumtaz Qadri stormed the red zone, seeking release of their colleagues.
Published 28 Mar, 2016 12:00am
Sluggish week witnessed

Sluggish week witnessed

With foreign investment outflows unabated, the Pakistan stocks witnessed what analysts said a "sluggish" week to have lost 0.6 percent or 204 points to close at 32,877. Daily trade volumes, which on Thursday ebbed to two-month low of 86 million, averaged
Published 28 Mar, 2016 12:00am
Sluggish week witnessed

Sluggish week witnessed

With foreign investment outflows unabated, the Pakistan stocks witnessed what analysts said a "sluggish" week to have lost 0.6 percent or 204 points to close at 32,877. Daily trade volumes, which on Thursday ebbed to two-month low of 86 million, averaged
Published 28 Mar, 2016 12:00am
Sluggish week witnessed

Sluggish week witnessed

With foreign investment outflows unabated, the Pakistan stocks witnessed what analysts said a "sluggish" week to have lost 0.6 percent or 204 points to close at 32,877. Daily trade volumes, which on Thursday ebbed to two-month low of 86 million, averaged
Published 28 Mar, 2016 12:00am
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