Tokyo shares sank Wednesday, ending a six-day winning streak, with Nintendo plunging on profit-taking after more than doubling this month on the back of the Pokemon Go phenomenon. The videogame giant slumped almost 13 percent to 27,765 yen, just a day aft

China stocks closed lower on Wednesday as mixed signals from economic data added to investors' uncertainty over prospects for further policy stimulus this year. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.3 percent to

European shares advanced on Wednesday, with the technology sector leading the market higher after SAP and ASML reported forecast-beating quarterly results. The pan-European STOXX 600 index and the similar FTSEurofirst 300 index both ended 1 percent higher

Australian shares rose 0.7 percent on Wednesday on hopes for further easing of global monetary policy. The S&P/ASX 200 index closed at 5,488.7 points after its biggest one-day gain since July 11. The benchmark closed down 0.1 percent on Tuesday. New Zeala

India's NSE index rose for a second consecutive session to close at its highest in nearly a year as Glenmark Pharmaceuticals and Aurobindo Pharma gained after getting approvals for generic versions of a blockbuster cholesterol drug in the US. The approval

Britain's top shares index climbed to its highest closing level in 11 months on Wednesday, boosted by a rise in insurance stocks, although a slump in Anglo American pushed down the mining sector. The bluechip FTSE 100 index ended up 0.5 percent at 6,728.9

The dollar gave up some of its recent gains against the yen on Wednesday, but it held close to four-month highs against a basket of currencies thanks to strong US data and rising expectations that the Bank of Japan will take additional easing steps. Comme

The dollar hit a four-month high against a basket of currencies on Wednesday, bolstered by strong US data and growing expectations that the Federal Reserve may raise rates before the end of the year. Commerce Department data showed US housing starts surge

The dollar rose on Wednesday, hitting its highest level in four months against a basket of currencies, as expectations for central bank easing weighed on major global peers. The dollar has benefited in recent weeks from data showing strength in the US lab

The dollar rose to a four-month high against a basket of major currencies on Tuesday after the release of data showing US housing starts rose more than expected in June, underpinning a theme of strength in the US economy. After June's jobs report showed U

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

Most emerging Asian currencies eased on Wednesday as the dollar hit more than four-month highs with strong economic data, while a rebound in the Chinese yuan limited their losses. The yuan rose for a second straight session as China's central bank set its

Sterling rose against the euro and a broadly stronger dollar on Wednesday after a Bank of England survey showed no clear evidence of a slowing of economic activity after last month's Brexit vote. The survey reported signs that demand for credit was easing

The New Zealand dollar lost altitude for a sixth straight session on Wednesday as speculation about a rate cut as early as August hit fever pitch a day before the country's central bank issues an economic update. The kiwi dollar, which shed two-and-a-half

Top seed Asad Ullah and second seed Noor Zaman entered into the semi-finals of the Abdul Sattar Edhi Memorial Junior Squash Championship being played here at PAF Hashim Khan Squash Complex on Wednesday. Former World Champion in Squash Qamar Zaman was the

Italian Marco Cecchinato has been banned for 18 months and fined 40,000 euros ($44,000) for his role in match-fixing and sports corruption, the Italian tennis federation (FIT) announced Wednesday. Cecchinato, who was a fourth-man reserve for the Italian D

Russia's Olympic Committee pressed on Wednesday with its preparations for the Rio Olympic Games despite the threat of a ban for state-run doping hanging over the country. At a meeting in Moscow the executive board approved a 387-strong team - including st

Mahendra Singh Dhoni Wednesday said spinners would play a key role in India's upcoming four-match Test series in the West Indies, despite the Caribbean's reputation as a paceman's paradise. Although Dhoni remains India's limited overs skipper, the Test si

Pakistan are set to tone down captain Misbah-ul-Haq's press-up celebrations even if they win the second Test at Old Trafford. The tourists' 42-year-old skipper marked his first-innings hundred, in what was his maiden Test at Lord's last week, by saluting

Hockey star Mohammed Shahid, who saw India to a gold medal at the Olympic Games in 1980, died Wednesday, his family said. The 56-year-old, who had been battling a severe liver ailment and kidney disease, died in a hospital on the outskirts of New Delhi af

England all-rounder Ben Stokes hailed Pakistan's Yasir Shah on Wednesday as the best leg-spinner since Australia great Shane Warne. Shah bowled Pakistan to a 75-run win over England in the first Test at Lord's last week with a brilliant match-haul of 10 f

Bank Alfalah Limited has declared the following rates of profit on various types of PLS deposits for the half year ended June 30, 2016:

Bank Alfalah Limited has declared the following rates of profit on various types of PLS deposits for the half year ended June 30, 2016:

Top four Pakistanis are in line for the honour in the IBSF 6 Red Ball and Team Snooker Championship which got under way at Sharm el Sheikh, Egypt and would continue up till July 30 with 145 players are competing for the coveted trophy. Babar Masih, Sohail

Romanian legend Radu Beligan, who held the Guinness record as the world's oldest theatre actor, died on Wednesday aged 97 in a hospital in the capital Bucharest, medical staff said. After a prolific career spanning more than 70 years, the star passed away

The US Treasury announced Wednesday sanctions on three Iran-based senior al Qaeda officials allegedly involved in moving funds and weapons around the Middle East for the group. The Treasury said Faisal Jassim Mohammed al-Amri al-Khalidi, Yisra Muhammad Ib

For years, doctors have had reliable charts of the body and its organs - blood circulation, digestive system, nerves and the like - but always with one frustrating grey zone: the brain. On Wednesday, a team of neuroscientists, computer specialists and eng

The top US navy commander vowed Wednesday to continue patrols in the South China Sea which have angered Beijing, after an international tribunal dismissed the Asian giant's vast maritime claims. "The US Navy will continue to conduct routine and lawful ope

The EU on Wednesday unveiled national targets for cutting greenhouse gases by 2030, placing the burden on richer northern countries including exit-bound Britain to help meet the bloc's UN goal. The plans for the 28 EU member states put the onus on Sweden,

More than 3,200 migrants were rescued from the Mediterranean Tuesday in 25 operations, the Italian coastguard said. One person was found dead during the rescue efforts, said the coastguard Wednesday, which co-ordinated the missions conducted by the Italia

An amphibious plane crashed into a highway bridge on the edge of Chinese commercial hub Shanghai on Wednesday, killing at least five people, according to local media reports. The plane, owned by charter airline Joy General Aviation, was taking off on a de

Saudi Arabia's top clerical body has revived a 2001 religious edict prohibiting Pokemon in response to public calls for guidance on the newly launched smartphone version of the game. The augmented-reality game Pokemon Go, which is based on a 1996 Nintendo

A car bomb in Kiev on Wednesday killed a pro-Western reporter from a news site whose founder was beheaded 16 years ago after probing the alleged crimes of Ukrainian leaders. The killing of 44-year-old Pavel Sheremet - a Russian national born in Belarus -

SpaceX's unmanned Dragon cargo ship arrived Wednesday at the International Space Station, carrying nearly 2.5 tons of gear and supplies for the astronauts living in orbit, NASA said. US space agency astronauts Jeff Williams and Kate Rubins reached out and

Three French soldiers were killed during a mission to gather intelligence in Libya, President Francois Hollande said Wednesday in the first official confirmation that France has troops in the country where IS controls a key city. Hollande said the troops

Israel said Wednesday it has renewed diplomatic relations with Guinea, 49 years after the mostly-Muslim West African state severed ties following the 1967 Six-Day War. "I am happy to announce that just now we signed... a joint declaration announcing the r

Hungary stepped up its anti-migrant rhetoric on Wednesday with a new media offensive against refugees, ahead of a vote in October on troubled EU plans to relocate asylum-seekers among member states. Run under the slogan "Did you know?", the right-wing gov

One of India's most high-profile Hindu temples said Wednesday it now accepts shares of listed companies as donations in a novel departure from the usual gifts of cash and gold. Mumbai's Siddhivinayak temple, which Apple chief executive Tim Cook visited in

Prime Minister Theresa May took the first step towards Brexit on Wednesday by giving up Britain's presidency of the European Council, ahead of her first meeting with German Chancellor Angela Merkel. Britain will no longer assume the six-month rotating pre

Business Recorder published on Tuesday, 19th of July, 2016, the response of the Ministry of Finance, Government of Pakistan to my article on the `IMF Eleventh Review`. It is indeed surprising that the response has come from the MoF, when the articl

Chairman, Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea), Shaikh Mohammad Shafiq, has pointed out that Pakistan's major competitors such as India, Bangladesh and China are utilizing all the channels and resources for capturin

Adviser to Chief Minster Sindh for Information and Archives, Moula Bux Chandio has said that Pakistan People's Party has rendered unmatched sacrifices for strengthening democracy in the country and it wanted to see democratic system flourishing in Pakista

Nishat Power Limited is the third independent power producer (IPP), which was incorporated as a public limited company in 2007 under the Power Policy 2002, after Attock and Atlas. The IPP is a subsidiary of Nishat Mills Limited of Nishat Group - a conglom

Nishat Power Limited is the third independent power producer (IPP), which was incorporated as a public limited company in 2007 under the Power Policy 2002, after Attock and Atlas. The IPP is a subsidiary of Nishat Mills Limited of Nishat Group - a conglom

An Appellate Bench of the Securities and Exchange Commission of Pakistan (SECP) has set aside the order of Director SECP for imposing a penalty of Rs 200,000 on the chairperson/director of a company for taking huge perks. According to an order issued by t

Jamiat Ulema-e-Islam -Fazl (JUI-F) Senator Hafiz Hamdullah's plea for pre-arrest bail in an intimidation and assault case was accepted by a session court of Islamabad on Wednesday. Police registered First Information Report on June 14 against JUI-F senato

Pakistan remains the main transit country for narcotics produced in neighbouring Afghanistan, particularly heroin, opium and hashish. According to the United Nation Office on Drugs and Crime (UNODC) estimates, 43 per cent of Afghan's opiates are trafficke

National Assembly Standing Committee on Government Assurances has taken serious notice of the absence of the President of Zarai Taraqiati Bank Limited (ZTBL) and the Secretary Ministry of Water and Power in the meeting and deferred their concerning agenda

The federal government on Wednesday launched National Talent Farming Scheme (STFS) with initial funding of Rs 1.5 billion to groom students from middle class to become future scientists. Addressing the launching ceremony and orientation session of STFS, F

PML-N govt plans to pass long-delayed legislation against honour killings "within weeks" in the wake of the high-profile murder of an outspoken social media star, the daughter of Prime Minister Nawaz Sharif said on Wednesday. The bill will go before a par

Punjab Chief Minister, Shahbaz Sharif has approved financial assistance of Rs 600,000 for prominent Siraiki poet Muhammad Shafi Shakir Shujaabadi. It may be mentioned that the poet is suffering from liver disease and had made an appeal to CM for treatment

A divisional bench of the Lahore High Court sought details of construction of a monument Baba-e-Pakistan in Lahore within one month. The court passed this order in an Intera Court Appeal (ICA) filed by leader of opposition in Punjab Assembly Mian Mahmood-

Additional Chief Secretary Punjab, Shamail Ahmad Khawaja has instructed the District Administration of the province to redress the complaints of overseas Pakistanis towards Government agencies on priority basis. He issued these instructions while presidin

The Lahore Chamber of Commerce and Industry (LCCI) has urged the Federal Board of Revenue (FBR) to withdraw the amendment to SRO 1125(I)/2011 dated 31.11.2011 which were introduced through SRO 491(I)/2016 dated 30.06.2016, under which input tax credit or

Sui Northern Gas Pipelines Limited (SNGPL) signed a Memorandum of Understanding (MoU) with World Wide Fund for Nature (WWF) on International ECO Internship Programme (IEIP) and Corporate Membership Programme. The ceremony was held at Sui Northern Head Off

Punjab Chief Minister, Muhammad Shahbaz Sharif has congratulated position holder boy and girl students in matriculation examination of all educational boards of the province. He said that the achievement of these students is a source of pride for their pa

Several rallies were organised in Southern Punjab and attended by thousands of people to express solidarity with the people of Indian Occupied Kashmir (IOK). Major rallies were taken out in Multan, Bahawalpur, Rahimyarkhan, Khanewal, Muzaffargarh, Vehari,

The Punjab Wildlife and Parks Department has marked a black day to express solidarity with the people of the Indian held Kashmir and condemned the atrocities there. The Lahore Zoological Gardens arranged a ceremony on Wednesday where the department's Dire

GE today announced the appointment of Joseph J. Anis as President and Chief Executive Officer for its Power Services business for the Middle East and Africa (MEA). His appointment follows the move of Azeez Mohammed, who takes on a new role as CEO for GE E

The country's governing party has slammed the latest round of violence in the Indian administered Kashmir, saying the just struggle of Kashmiri people "can never be suppressed with the use of force". Party leader Mohammad Pervaiz Malik, who was elected as

Technical Education and Vocational Training Authority (TEVTA) would achieve the target to recruit 65,000 apprentices by December this year, Chairperson Irfan Qaiser Sheikh said. Addressing a meeting to review the progress of Apprenticeship Training Scheme

Defence Minister Khawaja Muhammad Asif has said that the PML-N government has accorded a special attention to the promotion of education across the country. Addressing the party workers at Pakistan Muslim League House, here on Tuesday night, he said the b

InfoTech (Pvt) Ltd, a leading systems integrator and a technology solutions provider, after a competitive bidding process boasts a utilities project win with DEDAS and EPSAS Turkey. This project will implement Oracle utilities product suite. DEDAS is an e

"She is one naughty lady."

Lieutenant General Malik Zafar Iqbal, Corps Commander Rawalpindi visited various areas of AJ &K ahead of general elections and met with army troops who have been requisitioned by Government and Election Commission of AJK for assistance in conduct of safe

The Securities and Exchange Commission of Pakistan (SECP) has posted the final draft of the Companies Bill, 2016 on its website and has formally sent the draft Bill to the Ministry of Finance for initiating necessary legislative process and its passage by

Controller General of Accounts (CGA) with the assistance of Federal Board of Revenue (FBR) has developed a software which is now being used for automated verification of Sales Tax Registration Number (STRN) and deduction of applicable rates of sales tax f

The Supreme Court on Wednesday asked the Punjab, KP and Islamabad Capital Territory administration to submit a comprehensive report after defining territorial limitation of Margalla Hills National Park. Resuming the hearing of suo motu on cutting of trees

The Securities and Exchange Commission of Pakistan (SECP) has urged the Mutual Funds Association of Pakistan (MUFAP) to ensure that retail investors are not charged any upfront commission on investments in mutual funds unless these investors have first be

Pakistan's Ambassador to the United Nations Maleeha Lodhi has briefed the UN Security Council President, Ambassador Koro Bessho of Japan, and top UN officials on the deteriorating situation in Indian occupied Kashmir during which she called for an end to

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari on Wednesday congratulated Speaker Legislative Assembly Azad Jammu & Kashmir (AJK) Sardar Ghulam Sadiq on reported acceptance of his nomination papers for tomorrow's AJK elections as Supreme Cou

Pakistan's total exports of cultural goods have increased from $60 million in 2004 to $276 million in 2013 and they can get a further boost if the country signs a UNESCO 2005 convention for protection and promotion of diversity of cultural expressions. Th

A delegation of the Executive Committee of Supreme Court Bar Association (SCBA) headed by its President, Syed Ali Zafar and comprising other office bearers called on Chief Justice of Pakistan Anwar Zaheer Jamali in the Supreme Court of Pakistan. Chief Jus

Command and Staff Conference of Pakistan Navy concluded today at Naval Headquarters, Islamabad. The Conference was chaired by Chief of the Naval Staff, Admiral Muhammad Zakaullah. Participants of the conference offered fateha for innocent Kashmiris martyr

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has emphasised that the government should consider establishing a new ministry to handle CPEC project related issues or think about handling over full or partial control of

Muttahida Qaumi Movement (MQM) on Wednesday strongly objected to deployment of paramilitary forces, especially Rangers, in three smaller provinces. Speaking on a point of public importance in Senate, Colonel Syed Tahir Hussain Mashahdi (Retd), said that w

The country's readymade garments export rose to $1.993 billion in July-May 2015-16, up by five percent, official figures said. The rise in readymade garments export stands at $9.1931 million in July-May 2015-16 from 1.901 billion in July-May 2014-15, Paki

The Supreme Court on Wednesday sought a reply from Pakistan Electronic Media Regulatory Authority (Pemra) and Attorney General for Pakistan in response to allegations that Inter Service Public Relations (ISPR) was running an FM Radio in 56 cities of the c

After opposition parties failed to reach any agreement to frame consensus terms of reference (ToRs) for holding probe into Panama leaks, Pakistan Tehreek-e-Insaf chairman Imran Khan on Wednesday announced launching a nation-wide, anti-corruption movement

Chief Minister Khyber Pakhtunkhwa, Pervez Khattak has said that investors contribute to the provincial exchequer by paying various taxes, and therefore the provincial government is planning lodging facilities for them at the Pakhtunkhwa House in Peshawar.

The Ambassador of Republic of South Korea Dr Suh Dong-Gu called on the Chairman National Highway Authority Shahid Ashraf Tarar in his office on Wednesday. The meeting discussed progress over various projects including China Pakistan Economic Corridor (CPE

Capital Development Authority (CDA) board is considering relaxing the rules under which housing societies are graded as unauthorised and illegal. The marketing as well as advertisement of housing projects without taking No Objection Certificate (NOC) from

Muhammad Younus, father of Muhammad Nauman Bhatti, a staffer of Business Recorder/Aaj TV, passed away on Wednesday after a protracted illness. He was 79. The funeral prayers were offered before he was laid to rest at H-11 graveyard. A large number of peop

The Special Committee of the National Assembly on Kashmir lamented the 'silence' of international human rights organisations on the ongoing atrocities against Kashmiris in the Indian held Kashmir by Indian security forces and vowed to continue moral, poli

The country's powerful auto sector is reportedly reluctant to implement consumers' welfare measures announced in the Auto Policy 2015-21 with reported support from the Engineering Development Board (EDB) but is enjoying financial benefits effective from J

Supreme Court Bar Association (SCBA) fact-finding mission on Wednesday rejected Punjab police's finding of an incident of burning of a female teacher in Murree, which has been declared as a 'suicide incident'.

Balochistan provincial government would provide 3,000 acre of land for expansion of Gwadar Industrial Zone in order to make it further functional, Secretary Industries and Trade, Noor Muhammad Jogezai said on Wednesday. The provincial government was takin

President, Karachi Chamber of Commerce and Industry (KCCI) Younus Muhammad Bashir has urged the Director General & Advisor, Department of Plant Protection, Government of Pakistan , Sahabzada Imran Shami to direct the authorities concerned to immediately c

Pakistan Sarzameen Party (PSP) Central Secretary General, Raza Haroon has slammed the killings of people during ongoing unrest in Indian occupied Kashmir (IoK), and asked the government of Pakistan, to adopt 'pro-active' approach towards resolution of 'co

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz on Wednesday dismissed India's attempt to equate Kashmiri people's freedom struggle with terrorism and pledged Pakistan's continued moral and diplomatic support for Kashmiri people. He was addre

The leaders of Muttahida Qaumi Movement (MQM) Waseem Akhtar, Rauf Siddiqui and Pak Sarzameen Party's (PSP) Anees Qaimkhani on Wednesday approached the Sindh High Court (SHC) to obtain bails in the case pertaining to providing treatment to terrorists at Zi

Pakistan Coastal Guard on Wednesday arrested at least 79 people including three Afghan nationals who were going to Iran illegally without travel documents. According to PCG spokesman, as many as 79 people including three Afghan citizens belonging to diffe

The President Hyderabad Chamber of Commerce and Industry Gohar Ullah has expressed his grave concern over deteriorating sewerage, drainage and shabby roads in SITE Hyderabad and demanded the Managing Director Sindh Industrial Trading Estate to provide all

Chief Minister Balochistan, Nawab Sanaullah Khan Zehri said that 95 percent of terrorism had been rooted out in Balochistan and added that any philosophy on gunpoint would not be accepted. He was speaking to students of Punjab's educational institutions,

Political and religious leaders on Wednesday warned India that if oppression and suppression of innocent Kashmiri People is not stopped than million people can storm into occupied Srinagar adding that such brutality is unacceptable to the people of Pakist

The 8th Junior Leaders Conference 2016 organised by the School of Leadership recently concluded in Karachi. The conference is designed for children between the age of 10-15 years, helping them to explore their leadership potential and give them insight in

Reiterati-ng its call on Pakistan to stop terrorism from spreading roots on its own soil, the United States has reiterated that Islamabad must target all terrorist groups, particularly those that have their eyes set on its neighbours. However, the US ackn

Following the philosophy of "It's All About U", Ufone took the initiative of enhancing the impact of the social work being done by three innovative projects across Pakistan. Each of the projects was specifically selected based on its potential to improve

In order to safeguard the rights of small and medium enterprises (SMEs) and promotion of cottage industry in Pakistan, the SME Foundation has been formed, said the Chairman of newly-formed SME Foundation Pakistan Waliullah Khan. Khan, who is also the Chie

Chairman All Pakistan Textile Mills Association (APTMA) Tariq Saud has expressed surprise and disappointment at the statement of Chairman FBR in which he has pointed out that further tax @2 percent is leviable on the unregistered sector. He said that the