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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-10-20
SABIC profit boosts Saudi index, Qatar hit by weak earnings

SABIC profit boosts Saudi index, Qatar hit by weak earnings

Saudi Basic Industries (SABIC) helped lift Riyadh's stock market on Wednesday after it reported a third-quarter net profit at the top end of forecasts, but a loss at Qatar's third- largest bank dragged that market lower. Egypt slid for a fourth straight s
Published 20 Oct, 2016 12:00am
Tokyo stocks up as Mitsubishi, Sharp soar

Tokyo stocks up as Mitsubishi, Sharp soar

Tokyo shares closed higher Wednesday, with Mitsubishi Motors soaring on a report that Nissan chief Carlos Ghosn will become chairman while Sharp also rallied after flagging upbeat earnings. News that China's economy had stabilised in the third quarter als
Published 20 Oct, 2016 12:00am
Wednesday's early afternoon trade: stocks up on oil, upbeat earnings

Wednesday's early afternoon trade: stocks up on oil, upbeat earnings

Wall Street was on track for its second straight day of gains on Wednesday as oil prices boosted energy stocks and financials got a lift after Morgan Stanley rounded off a strong quarter for big US banks. However, gains, especially on the Nasdaq, were lim
Published 20 Oct, 2016 12:00am
Wall Street climbs on earnings improvement

Wall Street climbs on earnings improvement

Wall Street advanced on Tuesday to give the S&P 500 its best day this month on the heels of solid earnings reports from names such as UnitedHealth and Netflix that put corporate profits on track to snap a four-quarter streak of declines. Of the 52 S&P 500
Published 20 Oct, 2016 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose on Wednesday tracking broader Asian markets and led by technology stocks such as Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's top contract chipmaker. The main TAIEX index rose 0.7 percent to 9,288.49 points as of 0446 G
Published 20 Oct, 2016 12:00am
Hong Kong shares lower

Hong Kong shares lower

Hong Kong shares fell on Wednesday, giving up some of the previous session's solid gains, as China's economic growth data did little to prop up fragile investor sentiment. The Hang Seng index fell 0.4 percent, to 23,304.97, while the China Enterprises Ind
Published 20 Oct, 2016 12:00am
US bond yields fall

US bond yields fall

US Treasury yields fell on Tuesday in line with their UK counterparts on chances that parliament may have to ratify a British exit from the European Union, which reduced some bets that the UK would lose access to the single market. US bond yields pulled f
Published 20 Oct, 2016 12:00am
US bond yields fall

US bond yields fall

US Treasury yields fell on Tuesday in line with their UK counterparts on chances that parliament may have to ratify a British exit from the European Union, which reduced some bets that the UK would lose access to the single market. US bond yields pulled f
Published 20 Oct, 2016 12:00am
Sri Lankan shares steady

Sri Lankan shares steady

Sri Lankan shares ended steady at their lowest close in a month on Wednesday as investors cautiously awaited directions from next month's national budget and a flurry of corporate results. The benchmark index of the Colombo Stock Exchange ended 0.02 perce
Published 20 Oct, 2016 12:00am
Indian shares lower

Indian shares lower

Indian shares ended lower on Wednesday as investors booked profits in financial stocks, which led the declines, while heavyweights such as ITC Ltd also weighed on the indexes. The Nifty Bank index snapped a three-day rally and ended 0.43 percent lower, wi
Published 20 Oct, 2016 12:00am
China stocks little changed

China stocks little changed

China stocks were little changed on Wednesday after data showed the Chinese economy is stabilising, as expected. The bluechip CSI300 index fell 0.2 percent, to 3,316.24, while the Shanghai Composite Index was flat at 3,084.72 points. There was little surp
Published 20 Oct, 2016 12:00am
European stock markets advance as shares in banks and retailers rise

European stock markets advance as shares in banks and retailers rise

European stocks rose on Wednesday as gains in the shares of major banks and retail companies offset weaker earnings elsewhere in the market. The pan-European STOXX 600 index rose 0.3 percent, although the index remains down by about 6 percent since the st
Published 20 Oct, 2016 12:00am
Australian shares higher; New Zealand steady

Australian shares higher; New Zealand steady

Australian shares closed higher on Wednesday after Tabcorp Holdings agreed to take-over Tatts Group, and as a barrage of Chinese data confirmed that its economy had stabilised. The A$6.36 billion ($4.88 billion) take-over offer for Tatts, which will creat
Published 20 Oct, 2016 12:00am
Southeast Asian stocks higher

Southeast Asian stocks higher

Most Southeast Asian stock markets ended higher on Wednesday, with the Philippines gaining 2 percent, as encouraging Chinese economic data and Wall Street advancing on solid corporate earnings kept investor sentiment agreeable. China's economy grew 6.7 pe
Published 20 Oct, 2016 12:00am
Financials and energy stocks help FTSE to end higher

Financials and energy stocks help FTSE to end higher

Britain's top share index finished higher on Wednesday, with energy stocks tracking a sharp rally in crude oil prices and banks gaining momentum after US bank Morgan Stanley reported better-than-expected profits. The UK oil and gas index rose 0.9 percent,
Published 20 Oct, 2016 12:00am
Dollar steps back from seven-month high in Asia
Currency

Dollar steps back from seven-month high in Asia

The dollar stepped back from a seven-month high against an index of currencies on Wednesday after US consumer prices showed a moderation in underlying inflation, prompting markets to trim bets on a December Federal Reserve rate hike. The US dollar's index
Published 20 Oct, 2016 12:00am
Dollar index down in Europe
Currency

Dollar index down in Europe

The dollar index was subdued on Wednesday as Treasury yields ticked lower after US consumer prices suggested underlying inflation was moderating, prompting investors to trim bets on an interest rate hike later this year. The index was down 0.2 percent at
Published 20 Oct, 2016 12:00am
Early trade in New York: Euro weakens against dollar
Currency

Early trade in New York: Euro weakens against dollar

The euro weakened against the US dollar on Wednesday, a day before the European Central Bank is due to meet, with investors focused on whether ECB President Mario Draghi will give any indications that the central bank will begin tapering its bond purchase
Published 20 Oct, 2016 12:00am
Dollar mildly weaker in New York as Fed policy in focus
Currency

Dollar mildly weaker in New York as Fed policy in focus

The US dollar was mildly weaker on Tuesday for the second straight day as investors took some profits from the greenback's recent strength and evaluated whether the Federal Reserve would to raise interest rates this year. The greenback had rallied around
Published 20 Oct, 2016 12:00am
Sri Lankan rupee tad weaker
Currency

Sri Lankan rupee tad weaker

The Sri Lankan rupee edged down on Wednesday on dollar demand from importers in the absence of central bank intervention, dealers said. Rupee forwards were active, with the spot-next ending at 147.40/50 per dollar, compared with its previous day close of
Published 20 Oct, 2016 12:00am
US inflation data supports Asia FX
Currency

US inflation data supports Asia FX

Most emerging Asian currencies rose on Wednesday as tame US inflation data caused investors to trim bets on a Federal Reserve interest hike in December and as Chinese growth data soothed some concerns about the world's second-largest economy. The Chinese
Published 20 Oct, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 78.40-78.40 (previous 78.40-78.40).
Published 20 Oct, 2016 12:00am
Sterling hits 12-day high against euro
Currency

Sterling hits 12-day high against euro

Sterling touched its highest in almost two weeks against the euro on Wednesday, holding onto its biggest one-day gain in months and riding out another round of headlines around Brexit negotiations and the government's attitude to the central bank. Economi
Published 20 Oct, 2016 12:00am
Aussie steadies; kiwi rises

Aussie steadies; kiwi rises

The Australian dollar took a brief dip on Wednesday as China's industrial output data came in just below expectations, but a steady reading on overall economic growth was taken as a positive for commodity demand and prices. The Australian dollar had notch
Published 20 Oct, 2016 12:00am
All KP districts asked to hold Inter-Club Hockey Championships

All KP districts asked to hold Inter-Club Hockey Championships

Secretary Khyber Pakhtunkhwa Hockey Association Syed Zahir Shah Wednesday directed all the affiliated districts to hold their respective Inter-Club Hockey Championships well before October 31 and in case of failure of any of the district action would be t
Published 20 Oct, 2016 12:00am
Japan's Watanabe becomes new world chief of gymnastics

Japan's Watanabe becomes new world chief of gymnastics

Japan's Morinari Watanabe beat French rival Georges Guelzec Wednesday to become the new head of world gymnastics. Watanabe, a former gymnast, succeeds Italy's Bruno Grandi as president of the International Gymnastics Federation (FIG), said a spokesman for
Published 20 Oct, 2016 12:00am
Second swimmer dies after Hong Kong harbour race

Second swimmer dies after Hong Kong harbour race

A second swimmer who participated in the Hong Kong harbour race died after she was pulled out of the water unconscious during the event and taken to intensive care. This follows the death of a man during the Sunday swim, which attracts world-class interna
Published 20 Oct, 2016 12:00am
Watson hits back at Clarke over 'tumour' jibe

Watson hits back at Clarke over 'tumour' jibe

Shane Watson has hit back at Michael Clarke's claim he was part of a group that was "like a tumour" in Australia's cricket team, saying it reflected poorly on the former captain. In a television interview with Australia's Channel Nine to promote his autob
Published 20 Oct, 2016 12:00am
Local council agrees Durham rescue package

Local council agrees Durham rescue package

Cash-strapped Durham took another step towards remaining a financially viable first-class club after the local council agreed a "rescue package" for the north-east side. Durham had already agreed a £3.8 million ($4.8 million, 4.3 million euros) bail-out f
Published 20 Oct, 2016 12:00am
New Zealand struggle for answers against Indian bowlers: Boult

New Zealand struggle for answers against Indian bowlers: Boult

New Zealand's batsmen are struggling for answers against India's bowling attack, Black Caps pace spearhead Trent Boult conceded Wednesday, before the second one-day international in New Delhi. The Kane Williamson-led side mustered just 190 runs in the ope
Published 20 Oct, 2016 12:00am
Anderson set to miss opening India Test

Anderson set to miss opening India Test

England's record-breaking bowler Jimmy Anderson, who has already been ruled out of the current tour of Bangladesh, will miss next month's first Test against India, captain Alastair Cook said Wednesday. "I don't think he'll be there for the start. He might
Published 20 Oct, 2016 12:00am
Proud Cook admits to wrench of leaving family

Proud Cook admits to wrench of leaving family

Alastair Cook has admitted to questioning how much longer he can extend his record-breaking England career, torn between the pride of playing for his country and the wrench of being parted from his young family. Cook will become England's most capped Test
Published 20 Oct, 2016 12:00am
IOC boss ducks Korea row in Tokyo 2020 visit

IOC boss ducks Korea row in Tokyo 2020 visit

International Olympic Committee president Thomas Bach on Wednesday dodged questions over reports some Tokyo 2020 events could be held in South Korea, a move which would further embarrass beleaguered Games organisers. The IOC is considering staging rowing
Published 20 Oct, 2016 12:00am
Arthur warns of West Indies backlash in second Test

Arthur warns of West Indies backlash in second Test

Pakistan head coach Mickey Arthur expects a strong response from the West Indies in the second Test in Abu Dhabi after the tourists came close to pulling off a remarkable comeback in Dubai. Pakistan were forced to ward off a challenge from Darren Bravo, w
Published 20 Oct, 2016 12:00am
Pakistan to stage 'fly-in, fly-out' Super League final in Lahore

Pakistan to stage 'fly-in, fly-out' Super League final in Lahore

Pakistan will stage the 2017 final of their Twenty20 franchise league in Lahore but teams will fly in and fly out for the showpiece event in a sobering nod to the delicate security situation in the country. Some 414 players were placed in the draft for th
Published 20 Oct, 2016 12:00am
Putin in firing line over Ukraine, Syria at Berlin talks

Putin in firing line over Ukraine, Syria at Berlin talks

President Vladimir Putin faces a grilling over Russia's role in Ukraine and Syria at talks in Berlin Wednesday, on his first visit to the German capital since the Ukrainian conflict erupted. Host Chancellor Angela Merkel said the talks - the first four-wa
Published 20 Oct, 2016 12:00am
Venezuela postpones gubernatorial elections to 2017

Venezuela postpones gubernatorial elections to 2017

Venezuela on Tuesday postponed gubernatorial elections due in December until mid-2017 after deeply unpopular President Nicolas Maduro said the country needs to focus on reviving its economy instead of elections. The head of the National Electoral Council
Published 20 Oct, 2016 12:00am
David Hockney makes a splash at Frankfurt fair with 2,000-euro book

David Hockney makes a splash at Frankfurt fair with 2,000-euro book

British contemporary artist David Hockney unveiled a 500-page art book at the Frankfurt fair on Wednesday that is so large it comes with its own stand - and a price tag of 2,000 euros ($2,200). The tome, "A Bigger Book", gives a visual overview of his dec
Published 20 Oct, 2016 12:00am
UNESCO urges Bangladesh to scrap Sundarbans plant

UNESCO urges Bangladesh to scrap Sundarbans plant

The United Nations has urged Bangladesh to halt construction of a huge coal-fired power plant near the Sundarbans, warning of a serious threat to the delicate ecosystem of the world's largest mangrove forest. The UN's culture and science agency UNESCO sai
Published 20 Oct, 2016 12:00am
Star architect's 'cloud' unveiled at last in Rome

Star architect's 'cloud' unveiled at last in Rome

A new convention centre in Rome that has been hailed as one of acclaimed architect Massimiliano Fuksas's most ambitious buildings yet was unveiled to the international media Wednesday, ahead of its long-awaited opening next week. The Italian's latest work
Published 20 Oct, 2016 12:00am
Brazil arrests top lawmaker behind Rousseff impeachment

Brazil arrests top lawmaker behind Rousseff impeachment

Brazilian police on Wednesday arrested Eduardo Cunha who was one of the country's most powerful lawmakers and the architect of former president Dilma Rousseff's impeachment until engulfed in corruption charges. "We can confirm that (Cunha) was detained in
Published 20 Oct, 2016 12:00am
'Monsieur Idiot' named France's chef of the year

'Monsieur Idiot' named France's chef of the year

Chef Alexandre Couillon has a name that he himself admits "is not easy to carry". But the man whose surname translates as "Idiot" was named Wednesday as France's cook of the year, having turned his family's humble "moules frites" joint into one of the cou
Published 20 Oct, 2016 12:00am
Over 300 arrested in Europe-wide crime swoop

Over 300 arrested in Europe-wide crime swoop

Police forces from 52 countries arrested over 300 people and swooped on red-light districts to bust several trafficking gangs in a week-long, round-the-clock operation, Europol said Wednesday. The action led by the European police agency focused "on disru
Published 20 Oct, 2016 12:00am
HK pro-independence lawmakers blocked from taking oath

HK pro-independence lawmakers blocked from taking oath

Hong Kong's legislature again descended into chaos Wednesday as pro-Beijing politicians blocked the swearing in of two new lawmakers who want a split from China, in an increasingly divided parliament. It comes as fears grow in the semi-autonomous city tha
Published 20 Oct, 2016 12:00am
Iran rejects US demand for release of dual nationals

Iran rejects US demand for release of dual nationals

Iran said on Wednesday it would accept no US "interference" after Washington demanded the release of a dual national and his 80-year-old father given 10 year sentences for espionage. The State Department demanded the immediate release of Siamak and Baqher
Published 20 Oct, 2016 12:00am
Palestinian tries to stab Israeli officers, shot dead

Palestinian tries to stab Israeli officers, shot dead

A 19-year-old Palestinian woman approached Israeli border police with a knife in a tense area of the West Bank on Wednesday and was shot dead by officers, police said. A police statement said the woman approached officers at the Tapuah junction in the nor
Published 20 Oct, 2016 12:00am
Proposed east Aleppo truce not enough for aid deliveries: UN

Proposed east Aleppo truce not enough for aid deliveries: UN

The UN on Wednesday dashed hopes that a proposed fighting pause in east Aleppo would allow aid to reach besieged civilians, saying all sides needed to back an extended cease-fire before humanitarian convoys could roll. Russia, which is supporting Syrian P
Published 20 Oct, 2016 12:00am
Deadly clashes before latest Yemen truce

Deadly clashes before latest Yemen truce

Heavy fighting rocked Yemen hours before a UN-brokered cease-fire was due to begin Wednesday, as warring parties come under mounting pressure to end a conflict that has raged for more than two years. The truce will be the sixth attempt to end the bloodshe
Published 20 Oct, 2016 12:00am
Millions in Philippines on alert for super typhoon

Millions in Philippines on alert for super typhoon

Millions of people in the Philippines were on high alert Wednesday for one of the strongest typhoons to ever hit the disaster-battered country, with authorities warning of giant storm surges and destructive winds. Super Typhoon Haima was forecast to hit r
Published 20 Oct, 2016 12:00am
New York Times scion Sulzberger promoted to deputy publisher

New York Times scion Sulzberger promoted to deputy publisher

Arthur Gregg Sulzberger, 36, has been named deputy publisher of the New York Times, the newspaper said on Wednesday, a promotion placing him in line to succeed his father at the top of the masthead. The younger Sulzberger, known as "A.G." will report to h
Published 20 Oct, 2016 12:00am
Germany approves controversial nuclear waste deal

Germany approves controversial nuclear waste deal

Germany on Wednesday paved the way for nuclear power plant operators to pay 23.5 billion euros towards managing atomic waste, in a deal critics say lets firms get off too lightly. Under a draft law approved by the federal cabinet, the four firms - Vattenf
Published 20 Oct, 2016 12:00am
Duterte praises China on Beijing visit

Duterte praises China on Beijing visit

Visiting Philippine President Rodrigo Duterte had praise for China on Wednesday, setting aside a maritime dispute as the combative leader reconfigures his country's diplomatic alliances. The Asian giant was "good", he said. "It has never invaded a piece o
Published 20 Oct, 2016 12:00am
Fraud charges for South Korea's Lotte founding family

Fraud charges for South Korea's Lotte founding family

South Korean prosecutors on Wednesday charged the chairman of retail giant Lotte Group, along with his father and brother, with tax evasion and embezzlement following a lengthy corruption probe. According to the indictment, chairman Shin Dong-Bin, 61, cos
Published 20 Oct, 2016 12:00am
Russia appoints sports minister as deputy PM

Russia appoints sports minister as deputy PM

Russian Sports Minister Vitaly Mutko, whose time in office has been tarnished by allegations of state-sponsored doping, has been promoted to deputy prime minister, the Kremlin said Wednesday. President Vladimir Putin approved Mutko's appointment to a new
Published 20 Oct, 2016 12:00am
Ecuador says it cut Assange internet over US election leaks

Ecuador says it cut Assange internet over US election leaks

Ecuador said Tuesday it had cut the internet access of WikiLeaks founder Julian Assange, who is holed up at its London embassy, due to leaks by the anti-secrecy website that could impact the US election. "The government of Ecuador respects the principle o
Published 20 Oct, 2016 12:00am
'Stop whining,' Obama scolds Trump

'Stop whining,' Obama scolds Trump

President Barack Obama on Tuesday slapped down Donald Trump's claim that the 2016 presidential race is rigged, telling the Republican nominee to "stop whining" and get on with his campaign. In language usually used to scold a moody teenager, Obama discard
Published 20 Oct, 2016 12:00am
Gunman kills two Americans near Kabul base

Gunman kills two Americans near Kabul base

Two Americans including a civilian were killed Wednesday when a gunman opened fire near a Nato base in Kabul Wednesday, the military coalition said, with Afghan officials calling it an "insider attack". No insurgent group has so far claimed responsibility
Published 20 Oct, 2016 12:00am
Chinese astronauts reach orbiting laboratory

Chinese astronauts reach orbiting laboratory

Two Chinese astronauts entered the country's new orbiting space laboratory for the first time on Wednesday, state media reported, as Beijing works towards having its own space station. Mission commander Jing Haipeng was first to float into the Tiangong-2
Published 20 Oct, 2016 12:00am
US general claims IS leaders 'abandoning' Mosul

US general claims IS leaders 'abandoning' Mosul

Islamic State group leaders have been fleeing Mosul as US-backed local forces close in on the jihadists' last Iraqi stronghold, a US general said Wednesday. US Army Major General Gary Volesky, who heads the land component command of the US-led coalition t
Published 20 Oct, 2016 12:00am
Iraq forces poised for multiple assaults around Mosul

Iraq forces poised for multiple assaults around Mosul

Iraqi forces prepared Wednesday to retake several key areas around Mosul, including the country's largest Christian town, to tighten the noose on the Islamic State group's stronghold. Kurdish and federal troops have made quick progress since the offensive
Published 20 Oct, 2016 12:00am
Shanghai copper down

Shanghai copper down

Shanghai Futures Exchange copper ended down 0.3 percent at 37,190 yuan ($5,519) a tonne on Wednesday with China's economic growth meeting expectations in the third quarter but an impending slowdown in real estate growth painting a mixed outlook for metals
Published 20 Oct, 2016 12:00am
Copper slips as China data fails to inspire

Copper slips as China data fails to inspire

Copper slipped on Wednesday as Chinese industrial production data for last month missed forecasts, although news that major producer BHP Billiton had put its 2017 copper output guidance under review underpinned prices. Data released on Wednesday showed Ch
Published 20 Oct, 2016 12:00am
Rubber plunges

Rubber plunges

Benchmark Tokyo rubber futures plunged more than 3 percent to a one-week closing low on Wednesday, tracking weaker Shanghai futures and as investors took profits, while some traders stayed on the sidelines ahead of the third US presidential debate.The TOC
Published 20 Oct, 2016 12:00am
Kenya secures two-year deal to keep out cheap sugar imports

Kenya secures two-year deal to keep out cheap sugar imports

Kenya has won a two-year extension of sugar import limits from a regional trade bloc to give it more time to overhaul its ailing sugar sector, a local daily newspaper said on Wednesday. The arrangement capping cheaper imports from the Common Market for Ea
Published 20 Oct, 2016 12:00am
Palm oil rebounds tracking stronger rival soyaoil

Palm oil rebounds tracking stronger rival soyaoil

Malaysian palm oil strengthened on Wednesday evening, tracking stronger performing rival soyaoil, after a market correction on weaker exports pulled it down in early trade. Palm posted its strongest daily gain two months on Monday and climbed to its highe
Published 20 Oct, 2016 12:00am
Robusta coffee slips

Robusta coffee slips

Robusta coffee futures on ICE dipped after matching the prior session's two-year high on Wednesday, pressured by a bout of technical selling, while arabica retreated from Tuesday's four-week peak to fall for the first time in six days. Sugar prices also e
Published 20 Oct, 2016 12:00am
Gold rises in New York
Currency

Gold rises in New York

Gold prices rose on Tuesday, supported by weakness in the US dollar index, though receding worries about the outcome of the US election and expectations of a US rate increase in December could mean lower levels. Spot gold was up 0.6 percent at $1,262.84 a
Published 20 Oct, 2016 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold prices held ground on Wednesday on a weaker dollar amid uncertainties around the timing of a rate hike by the Federal Reserve and upcoming US presidential election. Spot gold was firm at $1,262.00 an ounce at 0731 GMT. In the previous session, the pr
Published 20 Oct, 2016 12:00am
Gold rises in Europe

Gold rises in Europe

Gold hit a two-week high on Wednesday as the dollar weakened amid uncertainty over the timing of a US interest rate increase. Spot gold gained 0.6 percent to $1,269.56 an ounce at 1357 GMT, after earlier touching its highest since October 5 at $1,272.17.
Published 20 Oct, 2016 12:00am
US MIDDAY: soyabeans and corn up

US MIDDAY: soyabeans and corn up

US soyabean futures rose on Wednesday on technical buying, export demand and spillover strength from crude oil, analysts said. Corn tracked soyabeans higher while wheat was firm in choppy trade. At the Chicago Board of Trade as of 12:32 pm CDT (1732 GMT),
Published 20 Oct, 2016 12:00am
US MIDDAY: gold surges

US MIDDAY: gold surges

Gold rose to a two-week high early on Wednesday, gaining for the third straight session and breaching the 200-day moving average amid uncertainty over the timing of a US interest rate increase and ahead of the final US presidential debate. Spot gold was u
Published 20 Oct, 2016 12:00am
49.5 megawatts wind power project starts operations

49.5 megawatts wind power project starts operations

The 49.5 MW Wind Power Project of Tenaga General Limited has started the commercial operations on October 11, 2016. According to material information sent to Pakistan Stock Exchange on Wednesday, the power project is located at Mirpur Sakro, Distt Thatta,
Published 20 Oct, 2016 12:00am
Engro Foods Limited earns Rs 633.45 million PAT

Engro Foods Limited earns Rs 633.45 million PAT

The profit after tax of Engro Foods Limited has inched up to Rs 633.454 million in the quarter ended September 30, 2016 as compared to Rs 623.544 million earned in the same quarter in 2015. The company's earning per share stood at Rs 0.83 in this quarter
Published 20 Oct, 2016 12:00am
Engro Foods Limited earns Rs 633.45 million PAT

Engro Foods Limited earns Rs 633.45 million PAT

The profit after tax of Engro Foods Limited has inched up to Rs 633.454 million in the quarter ended September 30, 2016 as compared to Rs 623.544 million earned in the same quarter in 2015. The company's earning per share stood at Rs 0.83 in this quarter
Published 20 Oct, 2016 12:00am
POL announces consolidated earnings of Rs 2.3 billion

POL announces consolidated earnings of Rs 2.3 billion

Pakistan Oilfields Limited (POL) on Wednesday announced its consolidated earnings of Rs 2.3 billion in the quarter ended September 30, 2016 as compared to Rs 1.2 billion earned in the corresponding quarter in 2015. The company's earning per share surged t
Published 20 Oct, 2016 12:00am
Coastal areas: NA body team visits facilities, installations of PN

Coastal areas: NA body team visits facilities, installations of PN

A 10-member delegation of National Assembly Standing Committee on Defence, headed by Shaikh Rohale Asghar, undertook a three-day visit to facilities and installations of Pakistan Navy at Karachi and coastal areas. At Karachi the delegation visited Pakista
Published 20 Oct, 2016 12:00am
Lasbela traders too oppose SBP move

Lasbela traders too oppose SBP move

President, Lasbela Chamber of Commerce and Industry (LCCI), Ismail Suttar, has warned the federal government against shifting any Sate Bank of Pakistan's departments to Lahore. He asked the government to be wary of being trapped by the bureaucracy to do i
Published 20 Oct, 2016 12:00am
Attock Refinery Limited posts Rs 1,227.987 million PAT

Attock Refinery Limited posts Rs 1,227.987 million PAT

Attock Refinery Limited has posted Rs 1,227.987 million as profit after tax in the quarter ended September 2016 as compared to Rs 528.927 million earned in the corresponding quarter in 2015. The board of directors of the company, in its meeting held on We
Published 20 Oct, 2016 12:00am
Attock Refinery Limited posts Rs 1,227.987 million PAT

Attock Refinery Limited posts Rs 1,227.987 million PAT

Attock Refinery Limited has posted Rs 1,227.987 million as profit after tax in the quarter ended September 2016 as compared to Rs 528.927 million earned in the corresponding quarter in 2015. The board of directors of the company, in its meeting held on We
Published 20 Oct, 2016 12:00am
Response to 'Self-praise by MoF'

Response to 'Self-praise by MoF'

This is apropos article titled "Self praise by MoF" has been published in Business Recorder dated 10-10-2016 by Anjum Ibrahim. According to Finance Division of Government of Pakistan, the writer has criticised FBR tax collection, reliance on withho
Published 20 Oct, 2016 12:00am
Rafhan Maize Products Limited

Rafhan Maize Products Limited

The leading corn refiner of Pakistan, Rafhan Maize Products Co Ltd (PSX: RMPL) is the premier provider of agricultural-based products and ingredients in Pakistan. The company has a market capitalisation of over Rs 71 billion and is on the KSE100 list.
Published 20 Oct, 2016 12:00am
Rafhan Maize Products Limited

Rafhan Maize Products Limited

The leading corn refiner of Pakistan, Rafhan Maize Products Co Ltd (PSX: RMPL) is the premier provider of agricultural-based products and ingredients in Pakistan. The company has a market capitalisation of over Rs 71 billion and is on the KSE100 list.
Published 20 Oct, 2016 12:00am
Cardiac unit of Mayo Hospital becomes fully operational

Cardiac unit of Mayo Hospital becomes fully operational

The Cardiac Unit of Mayo Hospital, Lahore has become fully operational, where Cardiac Surgeon Dr Raja Pervaiz Akhtar conducted eight successful bypass operations within a week. Medical Superintendent, Mayo Hospital Dr Amjad Shehzad, said here on Wednesday
Published 20 Oct, 2016 12:00am
Lahore Literary Festival to debut in London this month

Lahore Literary Festival to debut in London this month

The London debut of the Lahore Literary Festival (LLF) takes place Saturday, October 29. The daylong LLF in London, at the British Museum's BP Theatre, presents the robust and unique syncretism universally identified with Lahore-Pakistan's cultural capita
Published 20 Oct, 2016 12:00am
Unity critical to boosting united platform of traders: FCCI chief

Unity critical to boosting united platform of traders: FCCI chief

Unity is imperative to resolve the problems confronted by the business community on war footing and in this connection conscious efforts should be made to further strengthen the platform of Faisalabad Chamber of Commerce and Industry (FCCI), said Presiden
Published 20 Oct, 2016 12:00am
175 housing schemes, colonies declared illegal by MDA

175 housing schemes, colonies declared illegal by MDA

The Multan Development Authority (MDA) has declared 175 private housing schemes and colonies illegal here and decided to move their cases to National Accountability Bureau (NAB) to protect the interest of common investors. Additional Director General of M
Published 20 Oct, 2016 12:00am
'Improvement in education sector is priority agenda'

'Improvement in education sector is priority agenda'

Punjab Education Minister Rana Mashhood Ahmad Khan has said that overall improvement in education sector is the priority agenda of the government. In this regard, provision of missing facilities is especially taken care of along with provision of quality
Published 20 Oct, 2016 12:00am
Punjab Assembly passes Punjab LG (Amendment) Bill 2016

Punjab Assembly passes Punjab LG (Amendment) Bill 2016

Punjab Assembly on Wednesday passed 'The Punjab Local Government (Fifth Amendment) Bill 2016. During the session, 'The Forman Christian College, Lahore (Amendment) Bill 2016 was also introduced in the House. In resolutions under Article 128(a) of the Cons
Published 20 Oct, 2016 12:00am
Exports of Basmati rice fall

Exports of Basmati rice fall

The exports of Basmati rice have registered a decline of 40.54 percent during last five years from 1,137,943 metric tonnes in 2010-2011 to 676,630 metric tonnes in 2014-15 while non-Basmati rice exports have witnessed a growth of 19.15 percent from 2,563,
Published 20 Oct, 2016 12:00am
Government making efforts to use idle thermal capacity: Asif

Government making efforts to use idle thermal capacity: Asif

The federal government is making hectic efforts to use the idle thermal capacity in the country by renegotiating arrangements with the closed IPPs and even the rental power plants lying idle, said Minister for Water and Power Khawaja Asif during his meeti
Published 20 Oct, 2016 12:00am
'Pakistan, Canada have huge scope to strengthen economic ties'
Cotton

'Pakistan, Canada have huge scope to strengthen economic ties'

Canadian High Commissioner Perry Calderwood has said that Pakistan and Canada have huge scope to work together to strengthen economic relations as Pakistan is a country having rich and unmatched resources. He was speaking at the Lahore Chamber of Commerce
Published 20 Oct, 2016 12:00am
Shahbaz re-elected PML-N Punjab head

Shahbaz re-elected PML-N Punjab head

After being re-elected as President of the PML-N Punjab, Chief Minister Muhammad Shahbaz Sharif, has expressed his firm resolve to serve the country as well as countrymen and also to expedite the work on public welfare projects with more vigour and commit
Published 20 Oct, 2016 12:00am
Pervaiz Elahi re-elected PML-Q Punjab chief

Pervaiz Elahi re-elected PML-Q Punjab chief

The General Council of Pakistan Muslim League-Q (PML-Q), Punjab, which met on Wednesday, has unanimously elected Chaudhry Pervaiz Elahi, Chaudhy Zaheeruddin and Mian Imran Masood, as president, general secretary and secretary information of PML-Q Punjab r
Published 20 Oct, 2016 12:00am
Pakistan considers ICTs as key enabler for good governance: President

Pakistan considers ICTs as key enabler for good governance: President

President Mamnoon Hussain has said that the Government of Pakistan considers Information Communication Technologies (ICTs) as key enabler to enhance productivity, transparency, and good governance for empowering the people for moving towards attaining the
Published 20 Oct, 2016 12:00am
President to open Swat Expo on November 3

President to open Swat Expo on November 3

President Mamnoon Hussain will inaugurate Swat Expo 2016 on November 3, 2016 to display normalisation of Swat which will be attended by a large number of Islamabad-based diplomats. According to an official, the Commerce Ministry has invited all members of
Published 20 Oct, 2016 12:00am
Duties and taxes: PTC contributes over Rs 70 billion to exchequer

Duties and taxes: PTC contributes over Rs 70 billion to exchequer

A leading multinational cigarette manufacturing company has contributed over Rs 70 billion to the Federal Board of Revenue (FBR) in the form of duties and taxes during the first nine months (January to September) of 2016. According to an announcement of t
Published 20 Oct, 2016 12:00am
Duties and taxes: PTC contributes over Rs 70 billion to exchequer

Duties and taxes: PTC contributes over Rs 70 billion to exchequer

A leading multinational cigarette manufacturing company has contributed over Rs 70 billion to the Federal Board of Revenue (FBR) in the form of duties and taxes during the first nine months (January to September) of 2016. According to an announcement of t
Published 20 Oct, 2016 12:00am
India sent no representative to attend RCC on disaster management

India sent no representative to attend RCC on disaster management

The Government of India had declined to send a representative of the Indian National Disaster Management Authority (NDMA) to attend the Regional Consultative Committee (RCC) on disaster management which concluded on Wednesday. The meeting was attended by
Published 20 Oct, 2016 12:00am
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