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Print - 2016-09-24
UK's Petrofac to resume gas plant work in Tunisia

UK's Petrofac to resume gas plant work in Tunisia

Tunisia announced Friday that British energy firm Petrofac is to resume operations at a gas plant in the country after a labour dispute was resolved that had halted work for months. "We have signed an accord with Petrofac... following negotiations that la
Published 24 Sep, 2016 12:00am
Fed plans tighter rules on bank commodity activities

Fed plans tighter rules on bank commodity activities

The US Federal Reserve on Friday proposed new regulations that would restrict banks' trading and investments in physical commodities in an effort to limit environmental and other risks to financial stability. US regulators have pointed to the 2010 Deepwat
Published 24 Sep, 2016 12:00am
EU looks beyond Obama to clinch free trade deal

EU looks beyond Obama to clinch free trade deal

A last-gasp push to seal a landmark free trade deal between the European Union and the United States before the end of Barack Obama's presidency has failed, EU ministers agreed on Friday. "It is not realistic to reach the final agreement by the end of the
Published 24 Sep, 2016 12:00am
IMF pushes for more Greek debt relief

IMF pushes for more Greek debt relief

The International Monetary Fund on Friday called on the European Union to grant Greece additional debt relief and soften its demands for budgetary efforts. Even if Athens fully respects a prescribed programme of austerity and reforms, the IMF said in an a
Published 24 Sep, 2016 12:00am
Commerzbank mulls cutting 5,000 jobs

Commerzbank mulls cutting 5,000 jobs

Germany's second-largest lender Commerzbank is considering slashing around 5,000 jobs as part of a massive overhaul to halt a slide in profits, media reports said Friday. The cuts would amount to about 10 percent of the bank's workforce, the Wall Street J
Published 24 Sep, 2016 12:00am
Regulators expect Monte dei Paschi to ask Italy for help

Regulators expect Monte dei Paschi to ask Italy for help

European regulators expect Italian bank Monte dei Paschi di Siena will have to turn to the government for support, three eurozone officials with knowledge of the matter said, although Rome would strongly resist such a move if bondholders suffered losses.
Published 24 Sep, 2016 12:00am
German unemployment seen dropping further in 2017

German unemployment seen dropping further in 2017

German unemployment, which has been falling for nearly 10 years, is expected to drop further in 2017, despite the influx of nearly a million migrants last year, the research arm of Germany's Federal Employment Agency said on Thursday. The agency's Institu
Published 24 Sep, 2016 12:00am
PQFTL gets 'A' rating from PACRA for its IFS

PQFTL gets 'A' rating from PACRA for its IFS

Pak-Qatar Family Takaful Limited (PQFTL), a pioneering Takaful company in Pakistan, has recently received rating of "A" (Single A) with Stable Outlook for its 'Insurer Financial Strength' (IFS) from the Pakistan Credit Rating Agency (PACRA). The profitabi
Published 24 Sep, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (September 23, 2016).

Published 24 Sep, 2016 12:00am
Gas reserves discovered at Matiari

Gas reserves discovered at Matiari

Pakistan Petroleum Limited (PPL) has discovered gas reserves at exploratory well Bashar X-1 ST located in District Matiari, Sindh. PPL has working interest of 65 percent. During testing, gas flowed at a rate of 8.7mmcfd. "We estimate this discovery is lik
Published 24 Sep, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (September 23, 2016).

Published 24 Sep, 2016 12:00am
Gas reserves discovered at Matiari

Gas reserves discovered at Matiari

Pakistan Petroleum Limited (PPL) has discovered gas reserves at exploratory well Bashar X-1 ST located in District Matiari, Sindh. PPL has working interest of 65 percent. During testing, gas flowed at a rate of 8.7mmcfd. "We estimate this discovery is lik
Published 24 Sep, 2016 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (September 23, 2016).

Published 24 Sep, 2016 12:00am
SECP introduces new reforms in corporate sector

SECP introduces new reforms in corporate sector

The Securities and Exchange Commission of Pakistan (SECP) has introduced new reforms in the corporate sector to reduce number of procedures for business start-up, reduction in the time for regulatory approvals and reduced cost of starting a business, espe
Published 24 Sep, 2016 12:00am
SECP introduces new reforms in corporate sector

SECP introduces new reforms in corporate sector

The Securities and Exchange Commission of Pakistan (SECP) has introduced new reforms in the corporate sector to reduce number of procedures for business start-up, reduction in the time for regulatory approvals and reduced cost of starting a business, espe
Published 24 Sep, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (September 23, 2016)

Published 24 Sep, 2016 12:00am
SECP introduces new reforms in corporate sector

SECP introduces new reforms in corporate sector

The Securities and Exchange Commission of Pakistan (SECP) has introduced new reforms in the corporate sector to reduce number of procedures for business start-up, reduction in the time for regulatory approvals and reduced cost of starting a business, espe
Published 24 Sep, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (September 23, 2016).

Published 24 Sep, 2016 12:00am
Missiles batter Aleppo as Syria army readies ground assault

Missiles batter Aleppo as Syria army readies ground assault

Missiles rained down on rebel-held areas of Syria's Aleppo on Friday, causing widespread destruction that overwhelmed rescue teams, as the army prepared a ground offensive to retake the city. Nearly 30 civilians including several children were killed and
Published 24 Sep, 2016 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 24 Sep, 2016 12:00am
Missiles batter Aleppo as Syria army readies ground assault

Missiles batter Aleppo as Syria army readies ground assault

Missiles rained down on rebel-held areas of Syria's Aleppo on Friday, causing widespread destruction that overwhelmed rescue teams, as the army prepared a ground offensive to retake the city. Nearly 30 civilians including several children were killed and
Published 24 Sep, 2016 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 24 Sep, 2016 12:00am
Sania among six candidates in running for WHO top job

Sania among six candidates in running for WHO top job

Six candidates are in the running to take over the helm of the World Health Organization, including the Ethiopian foreign minister who is bidding to be the first African to hold the position, the UN agency said Friday. WHO's 194 member states had until th
Published 24 Sep, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (September 23, 2016).

Published 24 Sep, 2016 12:00am
Sania among six candidates in running for WHO top job

Sania among six candidates in running for WHO top job

Six candidates are in the running to take over the helm of the World Health Organization, including the Ethiopian foreign minister who is bidding to be the first African to hold the position, the UN agency said Friday. WHO's 194 member states had until th
Published 24 Sep, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (September 23, 2016).

Published 24 Sep, 2016 12:00am
Oxfam urges caution as World Bank arm enters capital markets

Oxfam urges caution as World Bank arm enters capital markets

Oxfam International on Friday called for prudence following the World Bank's announcement that it would tap capital markets for funds to support development work in the world's poorest countries. The International Development Association, a World Bank arm
Published 24 Sep, 2016 12:00am
The Weather

The Weather

The weather report on Friday (September 23, 2016) and the forecast for Saturday (September 24, 2016).

Published 24 Sep, 2016 12:00am
K-Electric inflicts Rs 110 billion loss on exchequer?

K-Electric inflicts Rs 110 billion loss on exchequer?

Senate Standing Committee on Rules of Procedure and Privileges has expressed serious concern over a loss of Rs 110 billion to national exchequer by giving benefits to K-Electric by supplying 650 MW from national grid at Discos' rate. The committee met wit
Published 24 Sep, 2016 12:00am
K-Electric inflicts Rs 110 billion loss on exchequer?

K-Electric inflicts Rs 110 billion loss on exchequer?

Senate Standing Committee on Rules of Procedure and Privileges has expressed serious concern over a loss of Rs 110 billion to national exchequer by giving benefits to K-Electric by supplying 650 MW from national grid at Discos' rate. The committee met wit
Published 24 Sep, 2016 12:00am
K-Electric inflicts Rs 110 billion loss on exchequer?

K-Electric inflicts Rs 110 billion loss on exchequer?

Senate Standing Committee on Rules of Procedure and Privileges has expressed serious concern over a loss of Rs 110 billion to national exchequer by giving benefits to K-Electric by supplying 650 MW from national grid at Discos'' rate. The committee met wi
Published 24 Sep, 2016 12:00am
Banks to only disburse machine authenticated cash by January 2
Currency

Banks to only disburse machine authenticated cash by January 2

The State Bank of Pakistan (SBP) has said that with effect from 2nd January, 2017 banks can only disburse machine authenticated Rs 500 and above currency notes to public. According to SBP's directives issued on Friday, after the deadline, the banks found
Published 24 Sep, 2016 12:00am
Banks to only disburse machine authenticated cash by January 2
Currency

Banks to only disburse machine authenticated cash by January 2

The State Bank of Pakistan (SBP) has said that with effect from 2nd January, 2017 banks can only disburse machine authenticated Rs 500 and above currency notes to public. According to SBP's directives issued on Friday, after the deadline, the banks found
Published 24 Sep, 2016 12:00am
Banks to only disburse machine authenticated cash by January 2
Currency

Banks to only disburse machine authenticated cash by January 2

The State Bank of Pakistan (SBP) has said that with effect from 2nd January, 2017 banks can only disburse machine authenticated Rs 500 and above currency notes to public. According to SBP''s directives issued on Friday, after the deadline, the banks found
Published 24 Sep, 2016 12:00am
Ban on private money lending

Ban on private money lending

Charging excessive interest from the borrowers by private lenders has finally been banned in Khyber Pakhtunkhwa (KP) province through a Bill "KP Prohibition on Interest on Private Loans" passed in the provincial assembly on 19th September, 2016. After the
Published 24 Sep, 2016 12:00am
MQM in self-destructive mode

MQM in self-destructive mode

MQM's London-based leadership still finds it hard to believe that the party could disown its undisputable founding leader. In fact, until he made his offensive August 22 speech against Pakistan that was something inconceivable. Altaf Hussain brought i
Published 24 Sep, 2016 12:00am
American jurisprudence and international law

American jurisprudence and international law

In an age of a conflict arising out of individual liberty and national security, the US Supreme Court has maintained a balanced approach towards interpreting the presidential actions concerning national security and in many instances, the court restrained
Published 24 Sep, 2016 12:00am
Russia? China? Who hacked Yahoo, and why?

Russia? China? Who hacked Yahoo, and why?

Yahoo's claim that it is the victim of a gigantic state-sponsored hack raises the question of whether it is the latest target for hackers with the backing of Russia, China or even North Korea, experts say. The US internet giant was under pressure Friday t
Published 24 Sep, 2016 12:00am
ECC versus CCI

ECC versus CCI

This is apropos a Business Recorder news item "Gas/oil-related issues: Provinces ask centre to take decisions at CCI" carried by the newspaper yesterday. According to it, the four provinces have requested the government to take decisions related to
Published 24 Sep, 2016 12:00am
US MIDDAY: gold steadies

US MIDDAY: gold steadies

Gold steadied in a lacklustre session as the US dollar also flattened early on Friday, but bullion stayed on track for its biggest weekly gain in nearly two months after the Federal Reserve sounded a cautious note on the pace of interest rate hikes. The F
Published 24 Sep, 2016 12:00am
US MIDDAY: soya futures fall

US MIDDAY: soya futures fall

US soyabean futures fell 2.1 percent to a one-week low on Friday on reports of big harvest yields and heavy farmer sales on the cash market, traders said. Chicago Board of Trade soft red winter wheat futures weakened as traders said ample global supplies
Published 24 Sep, 2016 12:00am
Oil slumps four percent as no output deal expected for Opec

Oil slumps four percent as no output deal expected for Opec

Oil prices tumbled 4 percent on Friday on signs Saudi Arabia and arch rival Iran were making little progress in achieving preliminary agreement ahead of talks by major crude exporters next week aimed at freezing production. Also weighing on sentiment was
Published 24 Sep, 2016 12:00am
Cotton falls two percent on profit-booking, but up on week
Cotton

Cotton falls two percent on profit-booking, but up on week

Cotton futures slid by over two percent on Friday as traders booked profits after a four-day rally amid fading concerns of damage to crops from rain in the West Texas region. However, the second month contract on ICE Futures, which touched a six-week high
Published 24 Sep, 2016 12:00am
No MQM legislator will resign: Khwaja Izhar

No MQM legislator will resign: Khwaja Izhar

Opposition leader in Sindh Assembly Khawaja Izhar-ul-Hasan on Friday rejected the demands by MQM's London-based from MQM members to resign from the legislature, saying that the call for quitting the parliament was 'unconstitutional'. Khawaja Izhar, who al
Published 24 Sep, 2016 12:00am
KP IGP orders re-organisation of Capital City Police jurisdiction

KP IGP orders re-organisation of Capital City Police jurisdiction

The Inspector General of Police (IGP), Khyber Pakhtunkhwa, Nasir Khan Durrani in exercise of the powers conferred on him under the Khyber Pakhtunkhwa police Ordinance 2016 has ordered territorial re-organization of the jurisdiction/limits of the Capital C
Published 24 Sep, 2016 12:00am
40,000 youth KP to impart free online job training: Tarakai

40,000 youth KP to impart free online job training: Tarakai

Khyber Pakhtunkhwa Senior Minister for Science and Information Technology (S&IT), Shahram Khan Tarakai has revealed that about 40,000 youth and IT students of the province will be imparted free training in the field of online jobs under "Khyber Pakhtunkhw
Published 24 Sep, 2016 12:00am
Nepal wants to enhance ties with Pakistan

Nepal wants to enhance ties with Pakistan

The Foreign Minister of Nepal, Prakash Sharan Mahat called on Prime Minister Nawaz Sharif on the sidelines of the 71st United Nations General Assembly (UNGA) session in New York on Friday. The Prime Minister asked the Foreign Minister to convey good wishe
Published 24 Sep, 2016 12:00am
President for boosting trade with Sudan

President for boosting trade with Sudan

President Mamnoon Hussain on Friday called for increasing trade with Sudan by enhancing bilateral cooperation in different fields. The President said Pakistan and Sudan share strong bonds of friendship based on common religion, history and culture. The Pr
Published 24 Sep, 2016 12:00am
Edwards College allocates Rs 1.2 million to FATA students

Edwards College allocates Rs 1.2 million to FATA students

Governor Khyber Pakhtunkhwa, Iqbal Zafar Jhagra has said that there is no alternate and shortcut to success except quality education and hard work." He further added, "it is admirable to know that Edwards College has allocated Rs 1.2 million as financial
Published 24 Sep, 2016 12:00am
Pakistan now a recognised nuclear power: JI chief

Pakistan now a recognised nuclear power: JI chief

Ameer, Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said that Pakistani nation, in spite of its differences on national issues, stands fully united against India and if India dared to make any adventure, it would have to face a befitting reply. Tal
Published 24 Sep, 2016 12:00am
PBIF chief concerned at declining mango exports

PBIF chief concerned at declining mango exports

President, Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has said that growers have been ignoring new investments due to cost factor as mongo orchards have grown old resulting in compromised quality and quantity that can result
Published 24 Sep, 2016 12:00am
PML-N workers protest against India

PML-N workers protest against India

To condemn the Indian brutalities in held Kashmir, the workers of ruling Pakistan Muslim League-Nawaz Azad Kashmir on Friday staged a protest demonstration in front of National Press Club (NPC), Islamabad. A number of PML-N Azad Kashmir workers staged pro
Published 24 Sep, 2016 12:00am
Punjab government's steps towards agriculture sector hailed

Punjab government's steps towards agriculture sector hailed

The business and farming community have hailed the steps taken by Punjab Government for development of agriculture, stability of agri economy and best usage of water resources and signing an agreement of cooperation with World bank describing it a far-rea
Published 24 Sep, 2016 12:00am
PDWP approves eight uplift schemes

PDWP approves eight uplift schemes

The Provincial Development Working Party (PDWP) approved eight development schemes of various sectors with an estimated cost of Rs 7336.452 million. The approved schemes included four roads construction and infrastructure projects in the central and north
Published 24 Sep, 2016 12:00am
Wapda chairman for timely completion of Neelum Jhelum project

Wapda chairman for timely completion of Neelum Jhelum project

Water and Power Development Authority (WAPDA) Chairman Lieutenant General Muzammil Hussain (Retd) has sought concerted efforts to complete the Neelum Jhelum hydropower project well in time. The chairman WAPDA made a visit to the strategically important 96
Published 24 Sep, 2016 12:00am
Shahbaz, Chinese CG discuss various issues

Shahbaz, Chinese CG discuss various issues

Chinese Consul General Yu Boren met Punjab Chief Minister Shahbaz Sharif, here on Friday. Pak-China relations, pace of projects under China-Pakistan Economic Corridor and situation in Indian occupied Kashmir were discussed in the meeting. Chinese Consul G
Published 24 Sep, 2016 12:00am
British Council to provide 100 master trainers to TEVTA

British Council to provide 100 master trainers to TEVTA

The British Council will provide 100 master trainers to the Technical Educational and Vocational Training Authority (TEVTA) for imparting training to the students in spoken English. A Memorandum of Understanding (MOU) will be signed soon for execution of
Published 24 Sep, 2016 12:00am
Livestock department to distribute 672,000 poultry birds among masses

Livestock department to distribute 672,000 poultry birds among masses

The Punjab livestock and dairy development department has launched a scheme under which 672,000 poultry birds will be distributed among the masses to promote domestic poultry farming in order to meet the protein requirements. Departmental sources told
Published 24 Sep, 2016 12:00am
Politicians, officials trade tweets as Kashmir tensions mount

Politicians, officials trade tweets as Kashmir tensions mount

As tension continues to mount between Pakistan and India following the deadly Uri attack, internet users including politicians and senior government officials have taken to twitter to raise the temperature still further generating fears of at best a limit
Published 24 Sep, 2016 12:00am
Third SAARC Energy Regulators' meeting concludes

Third SAARC Energy Regulators' meeting concludes

Third SAARC Energy Regulators Meeting concluded in the federal capital with an agreement on Plan of Action on Energy Regulation. The member states agreed to: Harmonisation of Regulations, Codes and Standards for electricity Grids are of vital importance f
Published 24 Sep, 2016 12:00am
Jehangir Badr's health improving after kidney transplant

Jehangir Badr's health improving after kidney transplant

The health of former secretary general of the Pakistan Peoples Party (PPP), Jehangir Badr, is improving fast after kidney transplant. Doctors have advised him a complete bed rest. Badr is unable to attend party functions and other social gatherings due to
Published 24 Sep, 2016 12:00am
SU's Academic Council meets

SU's Academic Council meets

The 38th meeting of the Academic Council of University of Sindh was held here with Professor Dr Muhammad Siddique Kalhoro, Vice-Chancellor, University of Sindh, in the chair.
Published 24 Sep, 2016 12:00am
Malik urges Obama to veto anti-Pakistan bills

Malik urges Obama to veto anti-Pakistan bills

Senator A Rehman Malik has appealed to US President Obama to veto the anti-Pakistan bills that were tabled by pro-Indian members of House of Representatives in the US Congress. "Both Ted Poe and Dana Rohrabacher are working for India under the Indian-paid
Published 24 Sep, 2016 12:00am
Foton Group China hails government's pro-investment policies

Foton Group China hails government's pro-investment policies

Foton Group of China appreciating the pro-investment policies of the government and showed keen interest in investing in manufacturing a range of automobiles in Pakistan. A delegation from Foton Group, China called on the Finance Minister Senator Muhammad
Published 24 Sep, 2016 12:00am
Fazl advises Afghan Taliban to come to dialogue table

Fazl advises Afghan Taliban to come to dialogue table

Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman on Friday advised Afghan Taliban to come to dialogue table, saying that it would have been better had Gulbuddin Hekmatyar taken Taliban into confidence before striking a peace deal with the Afg
Published 24 Sep, 2016 12:00am
50 megawatts wind power plant to be ready by month-end

50 megawatts wind power plant to be ready by month-end

The present government's tireless efforts to overcome electricity shortages are bearing fruit with gradual increase in power generation, and alternative sources of energy such as wind power that was also contributing to address power shortage. The governm
Published 24 Sep, 2016 12:00am
Workshop held in Textile University

Workshop held in Textile University

A two-day training workshop was arranged for faculty on "The Role of Faculty as a Nation Builder: Developing Nation Builders and Entrepreneurs for the Future", in collaboration with IBA CED Karachi, for the development of Human Resource for facing global
Published 24 Sep, 2016 12:00am
General Tyre reports significant rise in its annual sales

General Tyre reports significant rise in its annual sales

General Tyre has reported a significant rise in its annual sales, crossing the Rs 10 billion figure for the first time. According to the company's sales numbers for the year 2015 available here, its sales were up from Rs 8.607 billion for the year 2014 to
Published 24 Sep, 2016 12:00am
GIDC issue: Senate body directs stakeholders to suggest viable plan

GIDC issue: Senate body directs stakeholders to suggest viable plan

The Senate Special Committee to monitor the implementation of the Gas Infrastructure Development Cess (GIDC) Bill-2015 Friday directed all the stakeholders to come with a viable plan so that the matter can be settled as early as possible. The committee me
Published 24 Sep, 2016 12:00am
Nursing university to be established in Islamabad

Nursing university to be established in Islamabad

Parliamentary Body on Health Services, Regulations and Co-ordination was informed Friday that Pakistan's first nursing university will be established in Islamabad with the collaboration of Bahrain government and a strategic plan for Pakistan Nursing Counc
Published 24 Sep, 2016 12:00am
CPEC a flagship project of 'One Belt, One Road': Mushahid

CPEC a flagship project of 'One Belt, One Road': Mushahid

Chairman of the Parliamentary Committee on China-Pakistan Economic Corridor (CPEC), Senator Mushahid Hussain has said that the CPEC is the flagship project of the "One Belt, One Road" and this symbolises the resurgence of new Asia based on cooperation, co
Published 24 Sep, 2016 12:00am
Tribesman injured in Landi Kotal bomb blast

Tribesman injured in Landi Kotal bomb blast

A local tribesman was injured in Improvised Explosive Device (IED), planted by unknown persons at road side, in Ashraf Khel area of tehsil Landi Kotal, tribal Khyber Agency on Friday. The political administration official while confirming the incident sai
Published 24 Sep, 2016 12:00am
Appointment of Sheikh creates new challenges for CDA

Appointment of Sheikh creates new challenges for CDA

The sudden appointment of Mayor of Islamabad Sheikh Ansar Aziz as Chairman Capital Development Authority (CDA) has created new challenges for the civic agency with respect to new appointments and reshufflings. After assuming the charge on September 7, She
Published 24 Sep, 2016 12:00am
Ebad inaugurates Urs of Abdullah Shah Ghazi

Ebad inaugurates Urs of Abdullah Shah Ghazi

Governor Sindh Dr Ishratul Ebad Khan on Friday inaugurated the three-day celebrations of the 1,286th Urs of Abdullah Shah Ghazi. He laid a floral wreath, offered Fateha and prayed for the progress and development of the country. Adviser to the Sindh Chief
Published 24 Sep, 2016 12:00am
Senate body questions Rangers over 6,000 arrests

Senate body questions Rangers over 6,000 arrests

The Senate's Functional Committee on Human Rights on Friday asked Sindh Rangers to clarify the reason behind arrest of 6,000 persons in Karachi. Meeting of the Senate's Functional Committee on Human Rights was chaired by Senator Nasreen Jalil. During the
Published 24 Sep, 2016 12:00am
Australian shares rise; New Zealand down

Australian shares rise; New Zealand down

Australian shares ended higher for a fourth straight session on Friday, posting their biggest weekly gain in 2 months, as the US Federal Reserve's signal to go easy on rate increases next year and in 2018 buoyed investors. The S&P/ASX 200 index ended 1.1
Published 24 Sep, 2016 12:00am
Qatar fire coach with 2018 hopes in balance

Qatar fire coach with 2018 hopes in balance

Ambitious World Cup 2022 hosts Qatar have sacked coach Jose Daniel Carreno just a fortnight ahead of a crucial 2018 qualifier in South Korea and after successive defeats.
Published 24 Sep, 2016 12:00am
Middlesex win Championship to deny Gillespie title send-off

Middlesex win Championship to deny Gillespie title send-off

Toby Roland-Jones finished with a hat-trick as Middlesex won the County Championship with a 61-run victory at Lord's that denied Australia's Jason Gillespie a fairytale finish as Yorkshire coach. Yorkshire were bowled out for 178 in pursuit of a target of
Published 24 Sep, 2016 12:00am
Osaka gate-crashes Tokyo semis as Muguruza flops

Osaka gate-crashes Tokyo semis as Muguruza flops

Japan's Naomi Osaka produced another explosive performance to beat Belarusian Aliaksandra Sasnovich and reach the Pan Pacific Open semi-finals on Friday. Osaka, born of a Japanese mother and a Haitian father, will face Ukraine's Elina Svitolina in the las
Published 24 Sep, 2016 12:00am
PHF devises comprehensive plan to revive beleaguered hockey

PHF devises comprehensive plan to revive beleaguered hockey

Pakistan Hockey Federation (PHF) has devised a comprehensive plan under Vision 2020 to revive and rejuvenate hockey in the country. This was stated by former Olympian Naveed Alam while talking to media here on Friday. Naveed Alam, Director Development and
Published 24 Sep, 2016 12:00am
Nimrah wins KP Junior Age Group Squash title

Nimrah wins KP Junior Age Group Squash title

Second seed Nimrah Aqeel upset top seeded Laiba Ijaz in the final of the Khyber Pakhtunkhwa Junior Under-15 Age Group Squash Championship played here at PAF Hashim Khan Squash Complex Friday. The final was started on slow note and both Nimrah and Laiba Ij
Published 24 Sep, 2016 12:00am
Serena Williams pulls out of China tournaments

Serena Williams pulls out of China tournaments

Serena Williams announced Friday that she has pulled out of two forthcoming tournaments in China citing an ongoing shoulder injury. "I am disappointed that I will not be able to compete at the Dongfeng Motor Wuhan Open or the China Open due to continuing
Published 24 Sep, 2016 12:00am
Schools Women Cricket Championship from tomorrow

Schools Women Cricket Championship from tomorrow

Pakistan Cricket Board (PCB) Women Wing is organising its Second National Schools Women Cricket Championship which is scheduled to be held from September 25, 2016 to October 4, 2016 in Lahore and Muridke. The matches will be 20-over side and 12 regional t
Published 24 Sep, 2016 12:00am
Badminton: Lee cruises to Japan Open semi-final

Badminton: Lee cruises to Japan Open semi-final

Malaysian badminton king Lee Chong Wei brushed off challenges from fast-rising Chinese rival Shi Yuqi Friday at the Yonex Open Japan, advancing to the semi-finals as he seeks to regain the title. Lee, silver medallist in the last three Olympics, took just
Published 24 Sep, 2016 12:00am
Aussie pauses, kiwi falls

Aussie pauses, kiwi falls

The Australian dollar paused on Friday after a four-day rally but is set for its best weekly performance in two months. The Australian dollar held at $0.7636, coming off an over two-week high hit on Thursday when it rose 0.3 percent. The Aussie got a boos
Published 24 Sep, 2016 12:00am
Brexit worries knock sterling to five-week low
Currency

Brexit worries knock sterling to five-week low

Sterling skidded over 1 percent to hit a five-week low close to $1.29 on Friday after three straight weeks of losses, as worries over Britain's exit from the European Union kept pressure on the currency. The pound had jumped back over $1.31 on Thursday, a
Published 24 Sep, 2016 12:00am
Yen's retreat cuts Fed-rooted weekly Asia FX gains
Currency

Yen's retreat cuts Fed-rooted weekly Asia FX gains

Most emerging Asian currencies fell on Friday, tracking the yen's weakness, to pare some of their weekly gains stemming from the US Federal Reserve's stance of gradual interest rate hikes. The Philippine peso slid to 47.99 per dollar, its weakest since Ja
Published 24 Sep, 2016 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee ended slightly firmer on Friday, recovering from early losses as exporter dollar sales late in the day and inward remittances surpassed dollar demand for equity-related capital outflows in early trade, dealers said. Rupee forwards wer
Published 24 Sep, 2016 12:00am
Dollar falls broadly in New York

Dollar falls broadly in New York

The dollar fell to its lowest level in 10 days against a basket of major currencies on Thursday, a day after the Federal Reserve cut its longer-term interest rate expectations. The US central bank's policy-setting committee left its target rate for overni
Published 24 Sep, 2016 12:00am
Early trade in New York: dollar index edges higher

Early trade in New York: dollar index edges higher

The dollar index edged higher on Friday, reversing earlier selling, after Boston Federal Reserve President Eric Rosengren said he believed US short-term interest rates should be raised now and warned a decline in the jobless rate below sustainable levels
Published 24 Sep, 2016 12:00am
Dollar index tad lower in Europe
Currency

Dollar index tad lower in Europe

The dollar index was a tad lower on Friday, and on track for its worst week for a month after the Federal Reserve trimmed its long-term rate expectations and the Bank of Japan retooled its monetary policy framework. In Europe, data showed eurozone busines
Published 24 Sep, 2016 12:00am
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