Britain's economy picked up speed in the three months up to its vote to leave the European Union, data showed on Wednesday, helped by the biggest upturn in industrial production since 1999. Sterling was little moved on the data and few in the financial ma

UAE telecoms giant Etisalat announced Wednesday net profits of $625 million in the second quarter of 2016, a 51-percent jump on the same period of last year. Net profit in April-June after royalty reached 2.3 billion dirhams ($625 million), Etisalat said,

UAE telecoms giant Etisalat announced Wednesday net profits of $625 million in the second quarter of 2016, a 51-percent jump on the same period of last year. Net profit in April-June after royalty reached 2.3 billion dirhams ($625 million), Etisalat said,

Boeing reported a second-quarter loss Wednesday due to elevated costs for an Air Force contract and for commercial air production as it confirmed its full-year plane deliveries targets. The US aerospace giant lost $234 million for the quarter ending June

Boeing reported a second-quarter loss Wednesday due to elevated costs for an Air Force contract and for commercial air production as it confirmed its full-year plane deliveries targets. The US aerospace giant lost $234 million for the quarter ending June

Australian consumer prices rose at the slowest annual pace since 1999 last quarter while core inflation stayed at a record trough, leaving the door open to a cut in interest rates as early as next week. The headline CPI index rose just 1.0 percent in the

Twitter Inc reported its slowest revenue growth since going public in 2013 and set a disappointing forecast, fanning concerns that faster growing social media services will make it a niche product. The microblogging service operator's shares fell 11 perce

Twitter Inc reported its slowest revenue growth since going public in 2013 and set a disappointing forecast, fanning concerns that faster growing social media services will make it a niche product. The microblogging service operator's shares fell 11 perce

Profits earned by China's industrial firms rose 5.1 percent in June from the year earlier, the fastest growth in three months, indicating government spending is supporting the corporate sector though investment headwinds are growing. Profits in June rose

The sluggish global economy, more and healthier competition, and currency market turbulence again dragged on Coca-Cola Co's earnings in the second quarter, the company said Wednesday. Net earnings rose 10.9 percent and core earnings per share beat expecta

The European Commission on Wednesday backed away from slapping fines on Spain and Portugal for running high deficits, avoiding what would have been a landmark move to impose tough budget rules. Under bloc regulations, the EU executive could have imposed f

Egyptian stocks surged on Wednesday on news that Cairo was close to agreeing an International Monetary Fund (IMF) lending programme, while weak oil prices pulled down most bourses in the Gulf. The main Egyptian equities index climbed 5.0 percent to 7,915

Tokyo stocks surged Wednesday afternoon on a report that Japan's government will unveil a massive 27 trillion yen ($255 billion) stimulus package to shore up the faltering economy. The benchmark Nikkei 225 index jumped 2.68 percent, or 438.39 points, to 1

Wall Street was lower on Wednesday as disappointing results from Coca-Cola and weak oil offset gains fuelled by Apple, and ahead of the Federal Reserve's decision on interest rates. The Fed is scheduled to issue a statement at 2:00 pm ET (1800 GMT) after

US stocks were mixed on Tuesday as Federal Reserve policymakers kicked off a two-day interest rate meeting and investors braced for quarterly scorecards from Apple and Twitter. Choppy stock trading followed a recent rally to consecutive record highs on th

Hong Kong shares finished modestly higher on Wednesday, shaking off sharp losses in mainland China markets. The Hang Seng index rose 0.4 percent to 22,218.99 points, while the China Enterprises Index gained 0.6 percent to 9,115.29. China stocks closed sha

US Treasury short-dated yields held firm on Tuesday with the two-year note yield hovering at its highest in more than four weeks as the Federal Reserve began a two-day meeting that may produce clues on the timing of a possible interest rate hike. Short-to

US Treasury short-dated yields held firm on Tuesday with the two-year note yield hovering at its highest in more than four weeks as the Federal Reserve began a two-day meeting that may produce clues on the timing of a possible interest rate hike. Short-to

China stocks closed sharply lower on Wednesday, with major indexes suffering their worst daily losses in six weeks, as investors sold off on worries that regulatory changes are coming. The slide was led by small caps, with the Chinext Growth Index, which

India's NSE index rose to its highest in more than 15 months on Wednesday as sentiment turned positive after the federal government and states made some progress on the Goods and Services Tax bill. The broader NSE index ended up 0.29 percent to 8,615.80 p

European shares rose on Wednesday with the market underpinned by well-received earning updates from companies including Peugeot and LVMH, while Deutsche Bank fell after a poor update. The pan-European STOXX 600 index ended up 0.4 percent, while the FTSEur

Australian shares rose to their highest level in nearly a year on Wednesday as gains in commodity prices lifted resources stocks and soft inflation data boosted hopes of an interest rate cut, while New Zealand shares slipped. The S&P/ASX 200 index nudged

Southeast Asian stock markets closed higher on Wednesday on a larger-than-expected economic stimulus package from Japan, and ahead of the outcome of the US Federal Reserve policy meeting later in the day. Japanese Prime Minister Shinzo Abe unveiled a stim

Britain's top share index climbed to its highest closing level in nearly a year on Wednesday, with housebuilders among the top performers, while mid-cap stocks touched their best level since last month's shock "Brexit" vote. The bluechip FTSE 100 index ro

The yen fell on Wednesday, pressured by expectations of further monetary easing by the Bank of Japan and amid media reports that the Japanese government will soon unveil a $265 billion stimulus package. Trading in the yen was choppy, with traders taking c

Signs of a larger than previously expected fiscal stimulus plan for Japan had the yen back on the defensive on Wednesday, as investors bet the Bank of Japan (BoJ) would match that with a new bout of money-printing aimed at weakening its currency. Yen vola

The Japanese yen weakened against the dollar on Wednesday after Japan's prime minister unveiled a surprisingly large $265 billion stimulus package to reflate the world's third-largest economy, and before the Federal Reserve was due to make a statement on

The Japanese yen reached more than one-week highs against the US dollar on Tuesday as traders reduced expectations of how much new stimulus authorities will inject into Japan's ailing economy. Most economists surveyed by Reuters expect the Bank of Japan t

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 rose slightly in volatile trade on Wednesday, ahead of central banks meetings in the United States and Japan, as well as expectations of massive economic stimulus from Tokyo. The Indonesian rupiah led regional gains as local

Sterling edged down against the dollar and euro on Wednesday, refusing to be lifted by second-quarter UK growth data that was stronger than had been expected, though backward-looking. Britain's economy grew by 0.6 percent during a second quarter that ende

The Australian dollar slipped on Wednesday after a subdued inflation report left the door open for an interest rate cut next week, dragging the New Zealand dollar down too. The Australian dollar fell to $0.7466, having briefly been as high as $0.7568 afte

Manchester United are among several leading English Premier League clubs to reject invitations from the Football League to have their academy sides play in the revamped English Football League Trophy. United, Arsenal, Liverpool, Manchester City, and Totte

Home-grown hero Eugenie Bouchard reached the second round of the WTA hardcourt tournament in Montreal with a dramatic three-set victory Tuesday, lending a little star-power as the event lost French Open champion Garbine Muguruza. In her past two appearanc

Australia took command Wednesday of a low-scoring Test against Sri Lanka, building up an 86-run first innings lead before dismissing opener Kulsan Perera with the last ball of a rain-affected day in Pallekele. Despite the heroics of Lakshan Sandakan, who

New captain Kane Williamson has promised that New Zealand will continue their positive approach to Test cricket under his leadership. But he warned that the brand may look a little different when they face Zimbabwe in the first of two Test matches at Quee

Egypt's world javelin silver medallist Ihab Abdelrahman has been barred from the Rio Games by his national Olympic Committee on Tuesday after testing positive for banned substances. Abdelrahman, who won silver in last year's world championships in Beijing

England all-rounder Ben Stokes has been ruled out of next week's third Test against Pakistan at Edgbaston with a torn right calf, the England and Wales Cricket Board said on Wednesday. Durham paceman Stokes suffered the injury midway through bowling his s

To pay rich tribute to late Abdul Sattar Edhi Memorial Women Squash Championship got under way here at PAF Hashim Khan Squash Complex on Wednesday. Dr Mehmood of the Edhi Foundation Pakistan Peshawar Chapter was the chief guest on this occasion who formal

Barcelona paraded Portuguese midfielder Andre Gomes at the Camp Nou on Wednesday after his 55-million-euro capture from Valencia on a five-year deal. The 22-year-old, part of Portugal's European Championship-winning side, has a release clause of 100 milli

Sixty percent of Brazilians believe the Rio Olympics, which start in just over a week, will bring more bad than good to the country, according to a poll Wednesday. The Ibope poll, published in Sao Paulo daily Estadao, found only 32 percent of Brazilians e

President Vladimir Putin said Wednesday the absence of top Russian competitors will "markedly lower" next month's Rio Games, as he met competitors set for Brazil and those barred over state-run doping. Over 100 Russians have so far been banned from the Ga

Turkey's prime minister warned Wednesday that the crackdown following a failed coup was not over, as authorities issued arrest warrants for dozens of former newspaper staff. A senior minister also revealed that a major army shake-up had been planned just

At least 58 people have died in floods and landslides triggered by heavy rains in Nepal, the government said Wednesday. Another 20 people are missing and the Nepal army is racing to evacuate hundreds more from flooded villages as the waters rise. The home

India has signed a billion-dollar deal with Boeing to buy four maritime surveillance planes, defence and aviation sources said Wednesday, as it looks to counter China in the Indian Ocean. The deal for four P-8I aircraft follows India's earlier purchase of

India has signed a billion-dollar deal with Boeing to buy four maritime surveillance planes, defence and aviation sources said Wednesday, as it looks to counter China in the Indian Ocean. The deal for four P-8I aircraft follows India's earlier purchase of

US Secretary of State John Kerry on Wednesday said Washington wanted to avoid "confrontation" in the South China Sea, after an international tribunal rejected Beijing's claims to most of the waters. Kerry made the remarks after meeting with Philippine For

Israeli troops shot dead a Hamas fighter on Wednesday who the military said was responsible for an attack that killed a rabbi in a drive-by shooting in the occupied West Bank earlier this month. In a statement, the military said that security forces kille

A bomb explosion on Wednesday in an open market in Yemen's oasis city of Marib killed seven people and wounded 18, security and medical sources said. The blast targeted a market selling qat, the mild narcotic leaf popular in the Arabian Peninsula country,

The United Nations expressed alarm Wednesday at the looming execution of 14 drug convicts in Indonesia, urging Jakarta to put an end to the "unjust" practice of capital punishment. A group of drug convicts including foreigners have been given notice of th

Northest Nigeria is "close" to famine with hundreds of thousands trapped without help, and must be declared a "top emergency" by the UN, said Medical charity Doctors Without Borders on Wednesday. The charity known by its French acronym MSF said the region

Rising sea levels due to hurricanes and tidal flooding intensified by climate change will put military bases along the US East Coast and Gulf Coast at risk, according to a report released on Wednesday. Nonprofit group the Union of Concerned Scientists ana

The European Union on Wednesday handed Poland's rightwing government a three-month deadline to reverse changes to its Constitutional Court or face sanctions for breaching EU norms on the rule of law and democracy. The move is the second step in an unprece

Zimbabwe's President Robert Mugabe on Wednesday launched a blistering attack on anti-government activists, foreign embassies and disaffected war veterans as he sought to assert his grip on power following recent protests. Mugabe addressed thousands of sup

Greece will hire hundreds of extra teachers to help thousands of migrant children join its public schools in the autumn, Prime Minister Alexis Tsipras said Wednesday. "The inclusion of all refugee children in the public school system will begin in Septemb

A massive bomb blast claimed by the Islamic State group killed at least 44 people and wounded dozens on Wednesday in the Kurdish-majority Syrian city of Qamishli. It was the largest and deadliest attack to hit the city since the beginning of Syria's confl

Karachi operation against criminals has helped reduce incidents of terrorism by 80 per cent, targeted-killing by 75 per cent, extortion by 85 per cent, kidnapping by 83 per cent in the metropolitan and all this has encouraged people to spend around Rs 5 b

A parliamentary committee on Wednesday recommended to the government to abolish double taxation in Federally Administered Tribal Areas (Fata) and additional taxes being collected on edible items upon entry into the tribal areas.

Can Pakistan expect a third year-running of extreme heat?

The Federal Board of Revenue (FBR) has made it mandatory for the associates for keeping and maintaining certain records and documents relating to transactions between associates inside as well as outside the country. Through an income tax circular 7 of 20

Fecto Cement Limited (FECTC) is part of the Fecto group that started its operations in 1952 with the trading and assembly of electrical appliances and wires. The group diversified into import, export and trading of electrical wires, cables, home appliance

Fecto Cement Limited (FECTC) is part of the Fecto group that started its operations in 1952 with the trading and assembly of electrical appliances and wires. The group diversified into import, export and trading of electrical wires, cables, home appliance

The 5th meeting of syndicate of Government College Women University (GCWU) Madina Town was held at University Committee Room which was presided over by Punjab Minister for Higher Education Begum Zakia Shahnawaz. The educational and administrative activiti

The failed coup attempt in Turkey hardly directly affects Pakistan. There are many differences between the two countries in the evolution of their political institutions. Unlike Turkey, where Islamist and secular ideas compete for political space, in Paki

Brazilian Ambassador Claudio Raja Gabaglia Lins has said that Brazil covers more than 42 percent of its energy needs through renewable sources and ready for knowledge sharing with Pakistan. The Ambassador while speaking at a meeting with the Federation of

Lahore Chamber of Commerce and Industry has said that the DTRE (Duty Taxes Remission on Export) for packing material should not be allowed to the exporters/export houses and SRO 491 should be implemented on DTRE as well. LCCI President Sheikh Muhammad Ars

With the theme "Prevent Hepatitis: It's up to you," the World Hepatitis Day 2016 is being marked here on Thursday (today) to create public awareness about the disease and prevent possible outbreak. To mark the day, walks, seminars, workshops, scientific s

The Fauji Fertiliser Company has announced half yearly results amid unprecedented adverse market conditions. The urea industry has remained under severe pressure during the period. This is mainly attributed to poor farm economics and persisting rumors of

The Fauji Fertiliser Company has announced half yearly results amid unprecedented adverse market conditions. The urea industry has remained under severe pressure during the period. This is mainly attributed to poor farm economics and persisting rumors of

Over 1000 drug dens are active in selling drugs to the citizens of Lahore, pushing more and more youngsters, especially the outsider ones, to the drug use. According to the police sources, the Cantonment Division is heading rest of the city with 303 dens

Technical Education and Vocational Training Authority (TEVTA) in collaboration with Muhammad Nawaz Sharif University of Agriculture Multan (MNSUAM) will offer two-year pre-agriculture programme at TEVTA Institute Multan. In this regard, MoU was signed bet

The Punjab Provincial Development Working Party has approved Rs 5790 million for dozens of development projects of tribal areas of DG Khan and Rajanpur districts in south Punjab. These projects include up gradation of social infrastructure, education, hea

The entrance test for MBBS/BDS would be held on August 28 in 13 cities of the province including Lahore, Faisalabad, Multan, Rawalpindi, Bahawalpur, Gujrat, Gujranwala, Sialkot, Sargodha, Sahiwal, Dera Ghazi Khan, Rahim Yar Khan and Hassan Abdal.

The special manager of the Customer Care and Safety Atlas Honda and registered motorbike dealers of Honda met Special Monitoring Unit Senior Member Salman Sufi and Secretary of the Excise and Taxation Ahmed Bilal for joining the Dealer Vehicle Registratio

The Securities and Exchange Commission of Pakistan organised a briefing session for its employees to familiarise and keep them abreast with the recent changes made to the SECP Act, 1997. The SECP Chairman, Zafar Hijazi, Dr Tariq Hassan, former SECP chairm

On the sidelines of the meeting of Standing Committee on Economic and Sustainable Development Affairs, the Chairman Senate Mian Raza Rabbani held meetings with Parliamentary delegations of different countries in Islamabad and exchanged view on matters of

Receivables of the Oil and Gas Development Company (OGDCL) against refineries and gas companies have further swelled due to unresolved issue of circular debt. The Public Accounts Committee's sub committee was informed on Wednesday that receivable of the O

Chief Minister Punjab Shahbaz Sharif promised on Wednesday that most of the power-related China Pakistan Economic Corridor (CPEC) projects will be completed by 2017. He told local media that billions of dollars worth of projects are being completed, most

President Mamnoon Hussain on Wednesday said that the audit of public sector spending was very essential to ensure transparency, judicious utilisation of money and accountability. The President appreciated the improvement in performance of the office of th

Technology neutral license for the 10 MHz of frequency spectrum 850 MHz has been handed over to the successful bidder, Telenor Pakistan in a "License awarding ceremony" which was held at Ministry of Information Technology and Telecommunications. Minister

After an increase in prices of medicines as announced by the Drug Prices Regulatory Authority, some of the retailers have increased the prices of the medicines while some of them have not yet increased them saying that they will revise prices after gettin

A meeting chaired by Airport Manager Tahir Sikander at Bacha Khan International Airport (BKIA), here on Wednesday reviewed the pre-Hajj arrangements to provide excellent facilities to pilgrims. CSO Shad Nawaz Khattak, Deputy APM Shabir Ahmad, Joint Direct

National Accountability Bureau (NAB) has scored 77.7 percent conviction rate in trial court with 35 convictions during first half of ongoing year. According to a senior NAB official, NAB's Prosecutor General Accountability (PGA) Waqas Qadeer Dar said this

Directorate General of Intelligence and Investigation Inland Revenue (IR) Lahore has unearthed massive tax evasion by leading Lahore-based beverage company to the tune of Rs 684,382,784 to be recoverable from the company along with default surcharge.

Khyber Pakhtunkhwa is going to be hub of industrial and special economic zones within next two to three years, as foreign and local companies are taking keen interest to make investment in potential sectors of the province. As many as 16 industrial estate

More than 70 young students from across Pakistan have been selected for the European Union's Erasmus+ programme which remains the world's most successful student exchange programme. Young students from around the world will have an opportunity to pursue a

Former Federal Minister for Religious Affairs Hamid Saeed Kazmi on Wednesday invoked the apex court jurisdiction seeking leave to appeal against the Islamabad High Court (IHC) verdict which had dismissed Kazmi bail application in Hajj corruption scam. On

Ministry of Textile Industry has estimated a loss of Rs 22 billion to cotton growers during 2015-16, after ginners and downstream industry denied them due price, it is learnt. Official sources revealed to Business Recorder that due to lack of quali

According to IESCO Spokesman, Due to electricity maintenance/development work the Power supply of the following Feeders / Grid Stations would remain suspended as under: On 28 July 06:00am to 08:00am Islamagarh, Kakra, Pona feeders, 07:00am to 12:00 noon M

Minister for Interior and Narcotics Control, Chaudhary Nisar Ali Khan on Wednesday took notice of death of British Pakistani woman in Jhelum and ordered immediate and clean investigation into the matter. In a statement issued here, he directed Regional Po

President Mamnoon Hussain on Wednesday lauding the economic policies of the government said the country would experience an economic turnaround with the completion of China-Pakistan Economic Corridor and energy projects. Talking to a delegation of Islamab

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has revealed here in a meeting at CM House Peshawar that the provincial government was set to sign clusters of schemes with Frontier Works Organisation (FWO) on the 1st of August this year. The meeting was

The government and the Pakistan Peoples' Party (PPP) have succeeded in appointing the four Election Commission of Pakistan (ECP) members of their choice. Whether Ishaq Dar, the Prime Minister's negotiator, or Khursheed Shah colluded to appoint members of

Mall Road traders have demanded of the Punjab Chief Minister Muhammad Shahbaz Sharif to implement the Lahore High Court (LHC)'s ban on rallies and protests on the Mall in letter and spirit as they are suffering millions of rupees losses due to sit-ins by

"Do you know what an SRO is?"

As an extension of the company's aggressive attempt to deepen its foot prints, the new vision of the Hascol fleet was unveiled in a closed internal corporate ceremony at the Hascol ZYCO terminal, where Mumtaz Hasan Khan, Chairman & CEO, inaugurated the fi

A World Bank delegation led by task team leader Anna O'Donmell, made up of senior development specialist Jana El-Horr and consultant Shan Rehman visited the Punjab Information Technology Board (PITB) on Thursday where Chairman Umar Saif gave a comprehensi

Pakistan Mercantile Exchange Limited (PMEX), the country's only multi-commodity exchange, and Iran Mercantile Exchange (IME) signed a Memorandum of Understanding (MOU) on June 30, 2016. The signing ceremony was hosted by IME in Tehran, and Ejaz Ali Shah,

Chairman, Pakistan Tanners Association (PTA), Gulzar Firoz has urged Commerce Minister to look into the decline of leather exports and meet PTA delegation on urgent basis to take prompt decisions to arrest the declining trend of exports.

Directorate General of Customs Valuation (DGCV) has drastically increased customs duty with an average of over 400 percent on unbranded garments, forcing commercial importers to find other illegal means to bring imported attires into the country.