News Archives for Print - 2016-06-13 - Business Recorder

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Print - 2016-06-13

Saudi Aramco listing lures banks with prospects of game-changing deals

Saudi Aramco listing lures banks with prospects of game-changing deals

Investment banks are jostling to take part in the listing of a chunk of Saudi Arabia's state-owned oil giant Aramco as a portal to the lucrative deals they expect to flow from the kingdom's plan to revamp its economy.

Published 13 Jun, 2016 12:00am

Vittinghus, Nehwal win Australian Superseries titles

Vittinghus, Nehwal win Australian Superseries titles

Denmark's Hans-Kristian Vittinghus and Saina Nehwal of India won the Australian Open Badminton Superseries titles in Sydney on Sunday. Vittinghus defeated South Korean Jeon Hyeok-Jin to win his first Superseries title.

Published 13 Jun, 2016 12:00am

US down Paraguay to top group as Colombia stunned

US down Paraguay to top group as Colombia stunned

The United States battled to a 1-0 victory over Paraguay to seal their place in the Copa America Centenario quarter-finals on Saturday as group rivals Colombia crashed to a potentially costly 3-2 defeat to Costa Rica.

Published 13 Jun, 2016 12:00am

Warner ton for Australia as Proteas wilt

Warner ton for Australia as Proteas wilt

Australia showed the stuff of champions and South Africa's suspect temperament was again exposed as they crashed to a 36-run defeat in the fourth match of the Tri-Nation One-Day International series at Warner Park in St Kitts on Saturday.

Published 13 Jun, 2016 12:00am

Lomachenko knocks out Martinez for historic 2nd title

Lomachenko knocks out Martinez for historic 2nd title

Ukraine's Vasyl Lomachenko knocked out Roman Martinez on Saturday to grab the World Boxing Organisation super featherweight world title - his second world belt in just his seventh pro bout. Two-time Olympic gold medallist Lomachenko sent Puerto Rico's Mar

Published 13 Jun, 2016 12:00am

Former England captain Carr dies

Former England captain Carr dies

Former England captain Donald Carr has died, at the age of 89, it was announced Sunday. The MCC flag at Lord's, where England were playing Sri Lanka in the third Test, flew at half-mast as a mark of respect.

Published 13 Jun, 2016 12:00am

Hales misses out on hundred again as England press on

Hales misses out on hundred again as England press on

Alex Hales again fell agonisingly short of a maiden Test hundred as England got the better of several close calls in the third Test against Sri Lanka at Lord's on Sunday. At tea on a rain-marred fourth day, England, 2-0 up in the three-match series, were

Published 13 Jun, 2016 12:00am

Bolt recovers from 'horrible start'

Bolt recovers from 'horrible start'

Jamaica's Usain Bolt shook off a "horrible start" to win the 100m at the Racers Grand Prix athletics meeting the second-fastest time in the world this year.

Published 13 Jun, 2016 12:00am

China's Wu wins second European Tour title

China's Wu wins second European Tour title

World number 222 Wu Ashun claimed his second European Tour title after emerging from a topsy-turvy final round to win the Austrian Open by a single shot on Sunday. Wu, 30, who became the first Chinese player to win on home soil on the European Tour when h

Published 13 Jun, 2016 12:00am

Modric stunner sees Croatia past Turkey

Modric stunner sees Croatia past Turkey

Real Madrid midfielder Luka Modric scored a brilliant volley as Croatia defeated Turkey 1-0 in their Euro 2016 Group D opener on Sunday. Ante Cacic's Croatia dominated throughout, twice hitting the bar in the second half, but it was only Modric's 41st-min

Published 13 Jun, 2016 12:00am

UEFA threatens Russia, England with Euro disqualification

UEFA threatens Russia, England with Euro disqualification

UEFA said Sunday that Russia and England could be thrown out of the European Championship finals if their fans are involved in more violence. The UEFA executive committee made a public "warning" in a statement which expressed "disgust for the violent clas

Published 13 Jun, 2016 12:00am

Late equaliser deals blow to England hopes

Late equaliser deals blow to England hopes

Russia captain Vasili Berezutski headed a last-gasp leveller against England on Saturday to steal a 1-1 draw in a European Championship match marred by a third day of fan violence.

Published 13 Jun, 2016 12:00am

Coming wave of gas puts focus on finding new shores

Coming wave of gas puts focus on finding new shores

Energy giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets to soak up the industry's rapidly burgeoning supply.

Published 13 Jun, 2016 12:00am

Mexico, Singapore leaders back TPP ratification

Mexico, Singapore leaders back TPP ratification

Mexican President Enrique Pena Nieto said Friday that he and Singaporean counterpart Tony Tan will promote the ratification of a trans-Pacific trade pact. The two leaders met during Tan's state visit to Mexico, the first by a Singaporean head of state to

Published 13 Jun, 2016 12:00am

Saudi Arabia seeks global investors for two solar plants

Saudi Arabia seeks global investors for two solar plants

Saudi Arabia is seeking international investors to build two solar power plants, using a deal structure that could become a model for the kingdom's infrastructure projects as low oil prices pressure the government's finances. State-owned utility Saudi Ele

Published 13 Jun, 2016 12:00am

'Brexit would cause big problems for German banks'

'Brexit would cause big problems for German banks'

A British vote to leave the European Union would hit large German banks, given their heavy exposure to London, the head of German financial watchdog Bafin said in an interview with German newspaper Tagesspiegel. Bafin President Felix Hufeld told the newsp

Published 13 Jun, 2016 12:00am

Islamic trade finance body to expand global reach: CEO

Islamic trade finance body to expand global reach: CEO

The Jeddah-based International Islamic Trade Finance Corp (ITFC) plans to strengthen its global network of offices in an effort to increase the use of Shariah-compliant banking in merchandise trade.

Published 13 Jun, 2016 12:00am

South Korea's Lotte says difficult to modify hotel unit's IPO document

South Korea's Lotte says difficult to modify hotel unit's IPO document

South Korea's Lotte Group, whose hotel unit faces a July deadline to complete an initial public offering (IPO) worth up to $4.5 billion, said on Sunday that it is "difficult" for it to modify the listing document.

Published 13 Jun, 2016 12:00am

Kuwait orders probe into US Dow Chemical deal

Kuwait orders probe into US Dow Chemical deal

Kuwait has asked the public prosecutor to open an investigation into a scrapped deal with US firm Dow Chemical that resulted in a $2.2 billion fine, a newspaper reported Sunday. Citing an unnamed high-ranking source, Al-Qabas daily said the government las

Published 13 Jun, 2016 12:00am

Egypt's EFG-Hermes to return $122 million to shareholders

Egypt's EFG-Hermes to return $122 million to shareholders

Egypt's EFG-Hermes plans to distribute 1.08 billion Egyptian pounds ($122 million) to shareholders and step up its growth strategy after selling a 40 percent stake in Lebanese lender Credit Libanais, it said on Sunday.

Published 13 Jun, 2016 12:00am

Egypt's EFG-Hermes to return $122 million to shareholders

Egypt's EFG-Hermes to return $122 million to shareholders

Egypt's EFG-Hermes plans to distribute 1.08 billion Egyptian pounds ($122 million) to shareholders and step up its growth strategy after selling a 40 percent stake in Lebanese lender Credit Libanais, it said on Sunday.

Published 13 Jun, 2016 12:00am

China's FDI falls one percent in May from a year ago to $8.89 billion

China's FDI falls one percent in May from a year ago to $8.89 billion

China's foreign direct investment (FDI) fell 1 percent in May from a year earlier to 56.77 billion yuan, or $8.89 billion, the Commerce Ministry said on Sunday. This is the first year-on-year decline since December, when FDI dropped 5.8 percent from the y

Published 13 Jun, 2016 12:00am

Walmart Canada to stop accepting Visa, says fees too high

Walmart Canada to stop accepting Visa, says fees too high

Walmart Canada stores will stop accepting Visa Inc cards because the credit card provider charges merchants "unacceptably high" fees, the retailer said on Saturday. Walmart has been unable to agree with Visa on an "acceptable fee" and will no longer accep

Published 13 Jun, 2016 12:00am

Walmart Canada to stop accepting Visa, says fees too high

Walmart Canada to stop accepting Visa, says fees too high

Walmart Canada stores will stop accepting Visa Inc cards because the credit card provider charges merchants "unacceptably high" fees, the retailer said on Saturday. Walmart has been unable to agree with Visa on an "acceptable fee" and will no longer accep

Published 13 Jun, 2016 12:00am

Canada willing to work with Bombardier on share structure: minister

Canada willing to work with Bombardier on share structure: minister

Canada is willing to "find a solution" with Bombardier Inc as the parties consider the company's dual-class share structure during talks on a $1-billion government fund-infusion, the minister responsible said late on Saturday.

Published 13 Jun, 2016 12:00am

Merkel pushes rule of law, market access in China

Merkel pushes rule of law, market access in China

German Chancellor Angela Merkel stressed the role of an independent judiciary and the need for a level playing field for foreign firms as she begun her ninth trip to China since taking office. Merkel arrived in China on Sunday amid growing pressure from i

Published 13 Jun, 2016 12:00am

Nordic Investment Bank launches 500 million euro green bond

Nordic Investment Bank launches 500 million euro green bond

The Nordic Investment Bank said on Thursday it had launched an eight-year 500 million euro ($567 million) green bond to help to finance environmental projects. The proceeds from so-called green bonds help to pay for projects relating to renewable energy,

Published 13 Jun, 2016 12:00am

Nordic Investment Bank launches 500 million euro green bond

Nordic Investment Bank launches 500 million euro green bond

The Nordic Investment Bank said on Thursday it had launched an eight-year 500 million euro ($567 million) green bond to help to finance environmental projects. The proceeds from so-called green bonds help to pay for projects relating to renewable energy,

Published 13 Jun, 2016 12:00am

Gogo hits turbulence in junk bond sale

Gogo hits turbulence in junk bond sale

Inflight internet company Gogo had to pay up to return to the junk bond market after unexpectedly cancelling a deal that had already priced in May. This time around, the company had to offer investors a yield of 12.5% on a US $525m six-year non-call three

Published 13 Jun, 2016 12:00am

Gogo hits turbulence in junk bond sale

Gogo hits turbulence in junk bond sale

Inflight internet company Gogo had to pay up to return to the junk bond market after unexpectedly cancelling a deal that had already priced in May. This time around, the company had to offer investors a yield of 12.5% on a US $525m six-year non-call three

Published 13 Jun, 2016 12:00am

China stock market burns investors with boom-and-bust

Currency

China stock market burns investors with boom-and-bust

Small-time investor Tracy Li lost more than $3,000 of her hard-earned salary from working at a bank after China's stock market crashed last summer, wiping out trillions of dollars in valuations in just days. A year later, and she has been burned twice, be

Published 13 Jun, 2016 12:00am

Britain's pound would sink nine percent if country voted to leave EU

Currency

Britain's pound would sink nine percent if country voted to leave EU

The British pound would sink 9 percent against the dollar in the immediate aftermath of Britons voting to leave the European Union on June 23, a Reuters poll of foreign exchange strategists showed on Thursday.

Published 13 Jun, 2016 12:00am

ME markets fall but Saudi developers make gains; Orascom down six percent

ME markets fall but Saudi developers make gains; Orascom down six percent

Middle East stock markets fell on Sunday as investors booked profits following a pull-back in oil prices and international stock markets, but some Saudi Arabian real estate shares bucked the downtrend because of the kingdom's economic reform plan.

Published 13 Jun, 2016 12:00am

Landmark Saudi bond takes step forward

Landmark Saudi bond takes step forward

Bankers are expecting to be notified soon about the line up to lead Saudi Arabia's debut international bond transaction after pitches took place in Riyadh. The Kingdom is likely to hire from the list of banks that underwrote a US $10bn loan in May, which

Published 13 Jun, 2016 12:00am

Landmark Saudi bond takes step forward

Landmark Saudi bond takes step forward

Bankers are expecting to be notified soon about the line up to lead Saudi Arabia's debut international bond transaction after pitches took place in Riyadh. The Kingdom is likely to hire from the list of banks that underwrote a US $10bn loan in May, which

Published 13 Jun, 2016 12:00am

China official says MSCI should not wait to add Chinese shares to index

China official says MSCI should not wait to add Chinese shares to index

A senior official from China's securities regulator said on Sunday that MSCI shouldn't wait too long before adding Chinese shares to its index, due to the importance of the China market.

Published 13 Jun, 2016 12:00am

'Abenomics' doubts drive foreigners off Japanese stocks, volatility spikes

'Abenomics' doubts drive foreigners off Japanese stocks, volatility spikes

Foreign investors are bailing out of Japanese stocks as a wobbly economy feeds disillusionment about 'Abenomics', sparking bouts of volatility in a market increasingly shaken up by policy decisions of the Bank of Japan.

Published 13 Jun, 2016 12:00am

Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.40-78.40 (previous 78.40-78.40).

Published 13 Jun, 2016 12:00am

Canadian dollar likely to weaken

Currency

Canadian dollar likely to weaken

The Canadian dollar is expected to weaken in the near-term on prospects of slower economic growth and a US interest rate hike this month or next, a Reuters poll found, but an eventual oil price recovery is set to bolster the currency over the longer term.

Published 13 Jun, 2016 12:00am

Wall Street week ahead: elusive S&P record looms as investors weigh data, Fed

Wall Street week ahead: elusive S&P record looms as investors weigh data, Fed

With the S&P 500 again coming close to a record this week before falling back, investors will turn next week to a full slate of economic data and a Federal Reserve meeting in hope of fresh reasons whether to drive stocks to new highs.

Published 13 Jun, 2016 12:00am

Lasers uncover hidden secrets of Cambodia's ancient cities

Lasers uncover hidden secrets of Cambodia's ancient cities

Unprecedented new details of medieval cities hidden under jungle in Cambodia near Angkor Wat have been revealed using lasers, archaeologists said Sunday, shedding new light on the civilisation behind the world's largest religious complex.

Published 13 Jun, 2016 12:00am

Modi notches upper-house gains, eyes Uttar Pradesh battle

Modi notches upper-house gains, eyes Uttar Pradesh battle

Prime Minister Narendra Modi has notched up gains in elections to India's upper house of parliament, and is seeking to drive home the advantage when his nationalist ruling party meets to devise a strategy to win India's biggest state.

Published 13 Jun, 2016 12:00am

Man hurls explosives inside Shanghai airport, injuring four

Man hurls explosives inside Shanghai airport, injuring four

A man hurled a bottle containing home-made explosives inside the main international airport in China's commercial hub of Shanghai on Sunday, injuring four people before attempting to kill himself, authorities said. The unidentified man removed a beer bott

Published 13 Jun, 2016 12:00am

Brexit 'disastrous' for EU global role: analysts

Brexit 'disastrous' for EU global role: analysts

Britain leaving the European Union would strip the bloc of a nuclear-armed global player and prove "disastrous" for its presence on the world stage, analysts say.

Published 13 Jun, 2016 12:00am

Dubai seizes 81 vehicles in crackdown on street racing

Dubai seizes 81 vehicles in crackdown on street racing

Dubai police have seized 81 vehicles for alleged "reckless driving", the authorities said, in a crackdown on street racing among youths in the wealthy Gulf emirate. The vehicles were impounded for being driven at speeds of up to 300 kilometres per hour (1

Published 13 Jun, 2016 12:00am

Drone forces hour-long closure of Dubai airport

Drone forces hour-long closure of Dubai airport

A rogue drone disrupted air traffic at Dubai International Airport for more than an hour on Saturday, said the operator of one of the world's busiest aviation hubs. "DXB airspace was closed due to unauthorised UAV (unmanned aerial vehicle) activity for 69

Published 13 Jun, 2016 12:00am

One dead in mystery blast inside Istanbul flat

One dead in mystery blast inside Istanbul flat

One person was killed and another injured Sunday when a mysterious blast ripped through an empty apartment in an upscale Istanbul neighbourhood, Dogan news agency reported. The incident took place in a fifth-floor apartment in Cihangir, an elegant distric

Published 13 Jun, 2016 12:00am

Thousands brave rain for queen's 90th birthday picnic

Thousands brave rain for queen's 90th birthday picnic

Thousands of people gathered in the rain for a street party outside Buckingham Palace on Sunday, part of a weekend of celebrations to mark Queen Elizabeth II's 90th birthday.

Published 13 Jun, 2016 12:00am

Safe corridor allows 4,000 to flee Iraq's Fallujah

Safe corridor allows 4,000 to flee Iraq's Fallujah

The Iraqi army has established a safe corridor that has allowed 4,000 Fallujah residents to flee the jihadist-held city in 24 hours, the Norwegian Refugee Council said on Sunday. "The army opened a safe corridor for families fleeing from Fallujah through

Published 13 Jun, 2016 12:00am

Egypt appoints anti-corruption chief

Egypt appoints anti-corruption chief

Egypt's parliament approved on Sunday the appointment of a former prosecutor as the new anti-corruption chief, state news agency MENA said, less than a week after his predecessor went on trial accused of making up lies about the scale of the problem.

Published 13 Jun, 2016 12:00am

Germany records 3,200 complaints over asylum backlog

Germany records 3,200 complaints over asylum backlog

Thousands of migrants have filed complaints against German authorities over the lengthy asylum-seeking process, according to official data seen by AFP Sunday. A total of 3,271 such cases had been filed by the end of March, the Federal Office for Migration

Published 13 Jun, 2016 12:00am

Raids on Syria market kill 21, hundreds flee IS bastion

Raids on Syria market kill 21, hundreds flee IS bastion

Air strikes on a market in Syria's al Qaeda-held city of Idlib killed at least 21 civilians Sunday, as hundreds fled a besieged Islamic State group bastion near the Turkish border.

Published 13 Jun, 2016 12:00am

TDPs registration: July 4 deadline set

TDPs registration: July 4 deadline set

The Federal Government has decided to annul the registration of all those Temporarily Displaced Persons (IDPs) and victims of South Waziristan Agency, who are not willing to go back to their hometown. An official source told APP here on Sunday that if the

Published 13 Jun, 2016 12:00am

Workers face problems due to lack of PE offices

Workers face problems due to lack of PE offices

The workers moving abroad for employment purposes are facing problems in issuance of protectors due to lack of Protectorate of Emigrants (PE) offices across the country. Around 946,571 workers went abroad to different countries for employment purposes dur

Published 13 Jun, 2016 12:00am

NADRA blocks 300 CNICs of Afghan refugees in Swat

NADRA blocks 300 CNICs of Afghan refugees in Swat

On the directives of the Ministry of Interior,, National Database and Registration Authority (NADRA) has blocked nearly 300 National Identity Cards (NICs) issued to Afghan refugees in district Swat.

Published 13 Jun, 2016 12:00am

Concessional rates: railways facing Rs 152 million burden

Concessional rates: railways facing Rs 152 million burden

Pakistan Railways witnessed Rs 152.914 million financial burden during the period from July 2015 to April 2016 due to facility of free passes and tickets on concessional rates. Railways officials are entitled to travel on free passes in limited number eac

Published 13 Jun, 2016 12:00am

Mumtaz Bhutto terms Sindh budget 'a fraud'

Mumtaz Bhutto terms Sindh budget 'a fraud'

PML-N leader and former Sindh Chief Minister Mumtaz Ali Bhutto alleged on Sunday in two tweets that 50,000 jobs to be sold at Rs 5 lac each as in the past, adding no bureaucrat will remain poor in Sindh.

Published 13 Jun, 2016 12:00am

Aseefa visits Lyari, takes notice of improper garbage disposal

Aseefa visits Lyari, takes notice of improper garbage disposal

Aseefa Bhutto Zardari, daughter of former president Asif Ali Zardari, Sunday paid a surprise visit to Lyari, a stronghold of Pakistan People's Party (PPP).

Published 13 Jun, 2016 12:00am

Kashmiri delegation to attend UNHRC session in Geneva

Kashmiri delegation to attend UNHRC session in Geneva

An eight-member delegation led by APHC leader Altaf Hussain Wani is all set to attend 32nd session of United Nations Human Rights Council Geneva, wed by internationally acclaimed human rights defenders and the officials of the highest body. Leader of the

Published 13 Jun, 2016 12:00am

Huge surge in prices of essential items witnessed

Huge surge in prices of essential items witnessed

A huge surge in prices of essential commodities of daily use including fruits, vegetables, sugar, pulses, and rice, has been reported during the holy month of Ramazan, according to a survey conducted by Business Recorder here on Sunday.

Published 13 Jun, 2016 12:00am

Kyrgyzstan to hold culturally-rich World Nomad Games

Kyrgyzstan to hold culturally-rich World Nomad Games

Arrangem-ents are underway to hold the prestigious 2nd World Nomad Games, dedicated to ethnic sports practised in Central Asia, this autumn from September 3 to 8 in the Issyk-Kul region of Kyrgyzstan. Countries comprising Turkey, Kazakhstan, Azerbaijan, U

Published 13 Jun, 2016 12:00am

'Profiteers will not be allowed to create artificial price-hike'

'Profiteers will not be allowed to create artificial price-hike'

Khyber Pakhtunkhwa Minister for Food, Haji Qalandar Khan Lodhi has said that profiteers, hoarders and adulterates will not be allowed to create artificial price-hike in the province. He directed the representatives of local governments and officials of fo

Published 13 Jun, 2016 12:00am

UN peacekeeping operations' mandates: Pakistan for prioritising political solutions

UN peacekeeping operations' mandates: Pakistan for prioritising political solutions

Underscoring need for protecting civilians, Pakistan has called for giving higher priority to finding political solutions to disputes in the mandates of UN peacekeeping operations to establish peace and stability.

Published 13 Jun, 2016 12:00am

Four new rigs being acquired to step up oil, gas exploration

Four new rigs being acquired to step up oil, gas exploration

Ministry of Petroleum and Natural Resources has approved a proposal to acquire four new drilling rigs to step up oil and gas exploration activities in the country and achieve self-reliance in the energy sector.

Published 13 Jun, 2016 12:00am

Bilawal condemns conduct of Hafiz Hamdullah

Bilawal condemns conduct of Hafiz Hamdullah

Bilawal Bhutto Zardari Chairman Pakistan People's Party has strongly condemned insulting and immoral behaviour of Hafiz Hamdullah towards prominent political commentator and rights activist Marvi Sirmed in a live TV show and asked his sponsors to keep suc

Published 13 Jun, 2016 12:00am

AJ&K's Al-Khair University: HEC bars students from taking admission

AJ&K's Al-Khair University: HEC bars students from taking admission

The Higher Education Commission (HEC) has halted the operation of the Al-Khair University of Azad Jammu and Kashmir (AJ&K) and stressed the students from all over the country to "not to take admission in the university".

Published 13 Jun, 2016 12:00am

FIR lodged by Marvi Sirmed: Police seek to investigate Senator Hamdullah

FIR lodged by Marvi Sirmed: Police seek to investigate Senator Hamdullah

The Islamabad Capital Territory ((ICT) Police has lodged a letter to Chairman Senate seeking permission to question Senator Hafiz Mamdullah of Jamiat Ulema-e-Islam-Fazl (JUI-F) for alleged misconduct and threats to a women rights activist Marvi Sirmed in

Published 13 Jun, 2016 12:00am

Pakistan, Afghanistan: US issues brief statement about Olson's visit

Pakistan, Afghanistan: US issues brief statement about Olson's visit

Ambassador Richard Olson US Special Representative for Afghanistan and Pakistan (SRAP) visited Pakistan amid uneasy relationship between the two long standing allies following death of Taliban leader Mullah Akhtar Mansour in a US drone attack inside Pakis

Published 13 Jun, 2016 12:00am

Punjab CM visits Ramazan bazaar, DHQ hospital

Punjab CM visits Ramazan bazaar, DHQ hospital

Punjab Chief Minister Muhammad Shahbaz Sharif paid surprise visits to Ramazan bazaar, DHQ Hospital and brick-kiln in Kasur on Sunday. The Chief Minister reviewed prices and quality of edible items, fruits, vegetables, pulses, sugar and flour in Ramazan ba

Published 13 Jun, 2016 12:00am

Southern Punjab: MCCI seeks 'Special Economic Zone' status

Southern Punjab: MCCI seeks 'Special Economic Zone' status

The Business Community of Multan has urged upon the federal Board of Investment (BoI), to grant Special Economic Zone (SEZ) status, to Multan, Rahimyar Khan, Bahawalpur, Muzaffargarh and Dera Ghazi Khan Industrial Estate under CPEC project. What a pity th

Published 13 Jun, 2016 12:00am

Illegal hunting: Wildlife Department recovers Rs 66.78 million

Illegal hunting: Wildlife Department recovers Rs 66.78 million

Director General Wildlife and Parks Punjab, Khalid Ayaz Khan has said that a total fine of Rs66.78 million has been recovered in lieu of 22,994 cases registered during last seven years against those who were involved in illegal hunting and other offences

Published 13 Jun, 2016 12:00am

Export-oriented textile industry: government urged to notify zero-rated regime immediately

Export-oriented textile industry: government urged to notify zero-rated regime immediately

Five Export Sectors' Associations in Multan have demanded of the Government to issue a notification regarding zero-rated regime for export-oriented textile industry.

Published 13 Jun, 2016 12:00am

Woman among seven alleged criminals held

Woman among seven alleged criminals held

Law enforcement agencies (LEAs) on Sunday claimed to have arrested seven alleged criminals in separate raids here in the metropolis. According to police sources, five accused including a woman, were arrested from Gulshan-e-Iqbal Town's Azam Goth. The unde

Published 13 Jun, 2016 12:00am

Traders irked by 10-hour power loadshedding

Traders irked by 10-hour power loadshedding

The business community of Southern Punjab was panicked with ten hours a day electricity loadshedding which had forced them to shut their factories for 10 hours .The Multan Chamber of Commerce and Industry (MCCI) has said that ten-hour power loadshedding f

Published 13 Jun, 2016 12:00am

Government verifying results of US assistance since 2009

Government verifying results of US assistance since 2009

The government of Pakistan has initiated verification of the statistics of benefits achieved due to US assistance from the financial year 2009 to 2017. The step has been taken after the observations of Larry Sampler, Assistant to the Administrator in the

Published 13 Jun, 2016 12:00am

Punjab minister examines prices of edible items

Punjab minister examines prices of edible items

Punjab Minister for Minority Affaires and Human Rights Khalil Tahir Sindhu has said that all entire machinery of the Punjab government is mobilised for the monitoring of Ramazan Bazaars for providing essential commodities to the consumers on reduced price

Published 13 Jun, 2016 12:00am

Parliamentarians briefed about public welfare projects

Parliamentarians briefed about public welfare projects

The meeting of District Co-ordination Committee was held here at DCO office Committee Room with Divisional Commissioner Momin Agha in the chair. During the meeting RPO Bilal Siddique Kamyana, DCO Salman Ghani and CPO Afzal Kausar gave the briefing about t

Published 13 Jun, 2016 12:00am

Nuclear export club: China says more talks needed to forge consensus

Nuclear export club: China says more talks needed to forge consensus

China said on Sunday that more talks were needed to build a consensus on which countries can join the main group controlling access to sensitive nuclear technology, after a push by the United States to include India.

Published 13 Jun, 2016 12:00am

Nuclear export club: China says more talks needed to forge consensus

Nuclear export club: China says more talks needed to forge consensus

China said on Sunday that more talks were needed to build a consensus on which countries can join the main group controlling access to sensitive nuclear technology, after a push by the United States to include India.

Published 13 Jun, 2016 12:00am

Finance Bill 2016: NA body proposes seven key amendments

Finance Bill 2016: NA body proposes seven key amendments

National Assembly Standing Committee on Finance has recommended seven key amendments in Finance Bill 2016 for changes in duties and taxes structure, tariff rationalisation and continuation of sales tax zero-rating regime for dairy sector to avoid increase

Published 13 Jun, 2016 12:00am

Finance Bill 2016: NA body proposes seven key amendments

Finance Bill 2016: NA body proposes seven key amendments

National Assembly Standing Committee on Finance has recommended seven key amendments in Finance Bill 2016 for changes in duties and taxes structure, tariff rationalisation and continuation of sales tax zero-rating regime for dairy sector to avoid increase

Published 13 Jun, 2016 12:00am

Finance Bill 2016: NA body proposes seven key amendments

Finance Bill 2016: NA body proposes seven key amendments

National Assembly Standing Committee on Finance has recommended seven key amendments in Finance Bill 2016 for changes in duties and taxes structure, tariff rationalisation and continuation of sales tax zero-rating regime for dairy sector to avoid increase

Published 13 Jun, 2016 12:00am

Finance Bill 2016: NA body proposes seven key amendments

Finance Bill 2016: NA body proposes seven key amendments

National Assembly Standing Committee on Finance has recommended seven key amendments in Finance Bill 2016 for changes in duties and taxes structure, tariff rationalisation and continuation of sales tax zero-rating regime for dairy sector to avoid increase

Published 13 Jun, 2016 12:00am

Yuan trade system to open branches in London, New York

Currency

Yuan trade system to open branches in London, New York

China''s state-owned currency marketplace said on Sunday it was preparing to open branches in London and New York as part of efforts to promote the yuan''s global status. The China Foreign Exchange Trade System (CFETS), a subsidiary of China''s central ba

Published 13 Jun, 2016 12:00am

Yuan trade system to open branches in London, New York

Currency

Yuan trade system to open branches in London, New York

China's state-owned currency marketplace said on Sunday it was preparing to open branches in London and New York as part of efforts to promote the yuan's global status. The China Foreign Exchange Trade System (CFETS), a subsidiary of China's central bank,

Published 13 Jun, 2016 12:00am

Yuan trade system to open branches in London, New York

Currency

Yuan trade system to open branches in London, New York

China's state-owned currency marketplace said on Sunday it was preparing to open branches in London and New York as part of efforts to promote the yuan's global status. The China Foreign Exchange Trade System (CFETS), a subsidiary of China's central bank,

Published 13 Jun, 2016 12:00am

Tariff determinations by Discos: government approaches Nepra for reconsideration

Tariff determinations by Discos: government approaches Nepra for reconsideration

Federal government has reportedly approached National Electric Power Regulatory Authority (Nepra) for reconsideration of Discos'' tariff determinations, which according to the officials, are unfair in all aspects.

Published 13 Jun, 2016 12:00am

Tariff determinations by Discos: government approaches Nepra for reconsideration

Tariff determinations by Discos: government approaches Nepra for reconsideration

Federal government has reportedly approached National Electric Power Regulatory Authority (Nepra) for reconsideration of Discos' tariff determinations, which according to the officials, are unfair in all aspects.

Published 13 Jun, 2016 12:00am

Tariff determinations by Discos: government approaches Nepra for reconsideration

Tariff determinations by Discos: government approaches Nepra for reconsideration

Federal government has reportedly approached National Electric Power Regulatory Authority (Nepra) for reconsideration of Discos' tariff determinations, which according to the officials, are unfair in all aspects.

Published 13 Jun, 2016 12:00am

PML-N government determined to eliminate child labour: Shahbaz

PML-N government determined to eliminate child labour: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that PML-N government is determined to eliminate child labour from Punjab. He said that under the leadership of Prime Minister Muhammad Nawaz Sharif, practical steps have been taken for eliminating child labou

Published 13 Jun, 2016 12:00am

CIA chief says secret 9/11 report not evidence of Saudi complicity

CIA chief says secret 9/11 report not evidence of Saudi complicity

CIA chief John Brennan said Saturday that secret findings of a 2002 congressional investigation into the 9/11 attacks should not be taken as evidence of official Saudi complicity.

Published 13 Jun, 2016 12:00am

CIA chief says secret 9/11 report not evidence of Saudi complicity

CIA chief says secret 9/11 report not evidence of Saudi complicity

CIA chief John Brennan said Saturday that secret findings of a 2002 congressional investigation into the 9/11 attacks should not be taken as evidence of official Saudi complicity.

Published 13 Jun, 2016 12:00am

Punjab unveils Rs 1.65 trillion budget today

Punjab unveils Rs 1.65 trillion budget today

Punjab Finance Minister Dr Ayesha Ghaus Pasha will present a Rs 1.65 trillion Punjab budget for the fiscal year 2016-17 along with a supplementary budget statement in the provincial assembly on Monday.

Published 13 Jun, 2016 12:00am

Punjab unveils Rs 1.65 trillion budget today

Punjab unveils Rs 1.65 trillion budget today

Punjab Finance Minister Dr Ayesha Ghaus Pasha will present a Rs 1.65 trillion Punjab budget for the fiscal year 2016-17 along with a supplementary budget statement in the provincial assembly on Monday.

Published 13 Jun, 2016 12:00am

Punjab unveils Rs 1.65 trillion budget today

Punjab unveils Rs 1.65 trillion budget today

Punjab Finance Minister Dr Ayesha Ghaus Pasha will present a Rs 1.65 trillion Punjab budget for the fiscal year 2016-17 along with a supplementary budget statement in the provincial assembly on Monday.

Published 13 Jun, 2016 12:00am

Punjab unveils Rs 1.65 trillion budget today

Punjab unveils Rs 1.65 trillion budget today

Punjab Finance Minister Dr Ayesha Ghaus Pasha will present a Rs 1.65 trillion Punjab budget for the fiscal year 2016-17 along with a supplementary budget statement in the provincial assembly on Monday.

Published 13 Jun, 2016 12:00am

Punjab unveils Rs 1.65 trillion budget today

Punjab unveils Rs 1.65 trillion budget today

Punjab Finance Minister Dr Ayesha Ghaus Pasha will present a Rs 1.65 trillion Punjab budget for the fiscal year 2016-17 along with a supplementary budget statement in the provincial assembly on Monday.

Published 13 Jun, 2016 12:00am

Fatwa declares honour killing as 'un-Islamic, 'unpardonable sin'

Fatwa declares honour killing as 'un-Islamic, 'unpardonable sin'

At least 40 Islamic scholars belonging to the Sunni Ittehad Council (SIC) issued a fatwa on Sunday declaring the murder of women or girls in the name of honour as 'un-Islamic' and an 'unpardonable sin', according to a private TV channel.

Published 13 Jun, 2016 12:00am

Obama, Pope lead condemnation of massacre

Obama, Pope lead condemnation of massacre

US President Barack Obama and Pope Francis on Sunday led the condemnation after a gunman went on the rampage at a gay nightclub in Florida leaving at least 50 people dead. The pontiff condemned the killings as "homicidal folly and senseless hatred" while

Published 13 Jun, 2016 12:00am

Obama, Pope lead condemnation of massacre

Obama, Pope lead condemnation of massacre

US President Barack Obama and Pope Francis on Sunday led the condemnation after a gunman went on the rampage at a gay nightclub in Florida leaving at least 50 people dead. The pontiff condemned the killings as "homicidal folly and senseless hatred" while

Published 13 Jun, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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Privatisation of SIH concludes

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Balochistan’s road infrastructure: Govt sets 3-year timeline for Rs400bn projects

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Cars on the cards

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MoC analyses key reasons behind decline in exports

MoC analyses key reasons behind decline in exports

Banking sector saves the day as profit-taking erases intra-day gains, KSE-100 closes below 98,000

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Forex reserves on the rise

Forex reserves on the rise

HIT converts HAVAL H6 into modern security vehicle

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