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Print - 2016-10-21
Pakistan for efforts to prevent weaponisation of outer space

Pakistan for efforts to prevent weaponisation of outer space

Pakistan's permanent representative to the United Nations (UN) in Geneva Ambassador Tehmina Janjua has called for steps to prevent the weaponisation of outer-space, saying it would adversely affect regional and international peace and security. "Weaponisa
Published 21 Oct, 2016 12:00am
Pakistan receives $1 billion of Sukuk proceeds

Pakistan receives $1 billion of Sukuk proceeds

With the arrival of Sukuk bonds inflows, the country's total liquid foreign exchange reserves reached all-time high of $24.24 billion. According to State Bank of Pakistan (SBP), Pakistan successfully received inflows amounting to $1 billion against the au
Published 21 Oct, 2016 12:00am
Pakistan receives $1 billion of Sukuk proceeds

Pakistan receives $1 billion of Sukuk proceeds

With the arrival of Sukuk bonds inflows, the country's total liquid foreign exchange reserves reached all-time high of $24.24 billion. According to State Bank of Pakistan (SBP), Pakistan successfully received inflows amounting to $1 billion against the au
Published 21 Oct, 2016 12:00am
Pakistan receives $1 billion of Sukuk proceeds

Pakistan receives $1 billion of Sukuk proceeds

With the arrival of Sukuk bonds inflows, the country''s total liquid foreign exchange reserves reached all-time high of $24.24 billion. According to State Bank of Pakistan (SBP), Pakistan successfully received inflows amounting to $1 billion against the a
Published 21 Oct, 2016 12:00am
Pakistan receives $1 billion of Sukuk proceeds

Pakistan receives $1 billion of Sukuk proceeds

With the arrival of Sukuk bonds inflows, the country''''s total liquid foreign exchange reserves reached all-time high of $24.24 billion. According to State Bank of Pakistan (SBP), Pakistan successfully received inflows amounting to $1 billion against the
Published 21 Oct, 2016 12:00am
Saudi Arabia raises $17.5 billion in first global bond issue

Saudi Arabia raises $17.5 billion in first global bond issue

Saudi Arabia raised $17.5 billion in its first international bond offering, HSBC said Thursday, reflecting strong interest as the kingdom seeks to diversify its oil-dependent economy. The bond issue - the first time Saudi Arabia has turned to internationa
Published 21 Oct, 2016 12:00am
Saudi Arabia raises $17.5 billion in first global bond issue

Saudi Arabia raises $17.5 billion in first global bond issue

Saudi Arabia raised $17.5 billion in its first international bond offering, HSBC said Thursday, reflecting strong interest as the kingdom seeks to diversify its oil-dependent economy. The bond issue - the first time Saudi Arabia has turned to internationa
Published 21 Oct, 2016 12:00am
Saudi Arabia raises $17.5 billion in first global bond issue

Saudi Arabia raises $17.5 billion in first global bond issue

Saudi Arabia raised $17.5 billion in its first international bond offering, HSBC said Thursday, reflecting strong interest as the kingdom seeks to diversify its oil-dependent economy. The bond issue - the first time Saudi Arabia has turned to internationa
Published 21 Oct, 2016 12:00am
Saudi Arabia raises $17.5 billion in first global bond issue

Saudi Arabia raises $17.5 billion in first global bond issue

Saudi Arabia raised $17.5 billion in its first international bond offering, HSBC said Thursday, reflecting strong interest as the kingdom seeks to diversify its oil-dependent economy. The bond issue - the first time Saudi Arabia has turned to internationa
Published 21 Oct, 2016 12:00am
Current account deficit surges by 136 percent in Q1

Current account deficit surges by 136 percent in Q1

External account further deteriorated as the current account deficit surged sharply by 136 percent during the first quarter of this fiscal year. The State Bank of Pakistan (SBP) Thursday revealed that the country's current account balance posted a deficit
Published 21 Oct, 2016 12:00am
Current account deficit surges by 136 percent in Q1

Current account deficit surges by 136 percent in Q1

External account further deteriorated as the current account deficit surged sharply by 136 percent during the first quarter of this fiscal year. The State Bank of Pakistan (SBP) Thursday revealed that the country's current account balance posted a deficit
Published 21 Oct, 2016 12:00am
Current account deficit surges by 136 percent in Q1

Current account deficit surges by 136 percent in Q1

External account further deteriorated as the current account deficit surged sharply by 136 percent during the first quarter of this fiscal year. The State Bank of Pakistan (SBP) Thursday revealed that the country''s current account balance posted a defici
Published 21 Oct, 2016 12:00am
Coal stock yard: transfer of PSM land to PQA likely

Coal stock yard: transfer of PSM land to PQA likely

Pakistan Steel Mills (PSM) Board of Directors(BoD) scheduled to meet on October 24, 2016 is likely to give green signal to the management to transfer 158 acres of land to Port Qasim Authority (PQA) on the eastern side of PQA railway line for coal stock ya
Published 21 Oct, 2016 12:00am
Coal stock yard: transfer of PSM land to PQA likely

Coal stock yard: transfer of PSM land to PQA likely

Pakistan Steel Mills (PSM) Board of Directors(BoD) scheduled to meet on October 24, 2016 is likely to give green signal to the management to transfer 158 acres of land to Port Qasim Authority (PQA) on the eastern side of PQA railway line for coal stock ya
Published 21 Oct, 2016 12:00am
Coal stock yard: transfer of PSM land to PQA likely

Coal stock yard: transfer of PSM land to PQA likely

Pakistan Steel Mills (PSM) Board of Directors(BoD) scheduled to meet on October 24, 2016 is likely to give green signal to the management to transfer 158 acres of land to Port Qasim Authority (PQA) on the eastern side of PQA railway line for coal stock ya
Published 21 Oct, 2016 12:00am
Oil down two percent, strong dollar knocks US crude off 15-month highs

Oil down two percent, strong dollar knocks US crude off 15-month highs

Oil prices settled down more than 2 percent on Thursday, as a resurgent dollar encouraged players to take profit on the previous day's rally that sent US crude to 15-month highs. The dollar hit seven-month highs against a basket of currencies and a three-
Published 21 Oct, 2016 12:00am
World Bank boosts 2017 crude oil forecast to $55 per barrel

World Bank boosts 2017 crude oil forecast to $55 per barrel

The World Bank raised its crude oil price forecast for 2017 to $55 a barrel on Thursday from $53 a barrel, as it expects an output agreement among the Organisation of the Petroleum Exporting Countries (Opec) to help trim excess supply. Energy prices, whic
Published 21 Oct, 2016 12:00am
Cotton slips nearly two percent
Cotton

Cotton slips nearly two percent

Cotton futures fell nearly two percent on Thursday after touching their highest level in about a month earlier in the session, dragged down by harvest pressure in the United States and a stronger dollar. The first-month December cotton contract on ICE Fut
Published 21 Oct, 2016 12:00am
IK and CPEC

IK and CPEC

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan has taken pains to assure the Chinese Ambassador Sun Weidong in a meeting at his Bani Gala residence that the party's ongoing accountability movement against Prime Minister Nawaz Sharif is not meant to s
Published 21 Oct, 2016 12:00am
Stunning disclosures

Stunning disclosures

What Governor Dr Ishratul Ibad has now said that should have been said long time back. What held him back is indeed puzzling, if not intriguing - because if some of his disclosures indicate blatant infringement of the law of the land the others uncover an
Published 21 Oct, 2016 12:00am
The sugar barons
Cotton

The sugar barons

Matthew Parker, author of Panama Fever and Monte Cassino: The Hardest Fought Battle of World War II, in his famous book, The Sugar Barons: Family, Corruption, Empire, and War in the West Indies, uses the rise and fall of the sugar dynasties of the West In
Published 21 Oct, 2016 12:00am
CoAS, not factory manager

CoAS, not factory manager

In 1975, PM Zulfikar Ali Bhutto renamed the Commander-in-Chief (C-in-C), the Army's Head, as Chief of Army Staff (CoAS), subordinate to the mainly created Chairman Joint Chiefs of Staff Committee (JCSC). His stated vision to have a modern integrated a
Published 21 Oct, 2016 12:00am
Blockchain platform developed by banks to be open
Currency

Blockchain platform developed by banks to be open

A blockchain platform developed by a group that includes more than 70 of the world's biggest financial institutions is making its code publicly available, in what could become the industry standard for the nascent technology. The Corda platform has been d
Published 21 Oct, 2016 12:00am
A fair response to Fair

A fair response to Fair

In the second session of the HSD a female scholar from the United States, Christine Fair, was a panel speaker. This woman is an Associate Professor at the George Town University. She's a known Pakistan baiter. She opened up with an attack on Pakistan. I h
Published 21 Oct, 2016 12:00am
US MIDDAY: gold eases slightly
Currency

US MIDDAY: gold eases slightly

Gold eased slightly early on Thursday after three days of gains as the US dollar rose and the European Central Bank left interest rates unchanged, maintaining the parameters of its 1.74 trillion euro ($1.95 trillion) asset buying scheme. The ECB has provi
Published 21 Oct, 2016 12:00am
US MIDDAY: soya, corn and wheat retreat

US MIDDAY: soya, corn and wheat retreat

US soyabean, corn and wheat futures fell on Thursday, retreating from early advances as gains in the US dollar and a setback in crude oil triggered broad-based selling in commodities, analysts said. At the Chicago Board of Trade as of 11:31 am CDT (1631 G
Published 21 Oct, 2016 12:00am
Gold steadies in Europe
Currency

Gold steadies in Europe

Gold steadied on Thursday after three days of gains as the European Central Bank left interest rates unchanged and maintained the parameters of its 1.74 trillion euro ($1.95 trillion) asset buying scheme. The ECB has provided extraordinary stimulus in rec
Published 21 Oct, 2016 12:00am
Gold pares gains in Asia

Gold pares gains in Asia

Gold pared some early gains on Thursday as the dollar strengthened and markets awaited the outcome of a European Central Bank policy later in the day. Accommodative monetary policies favour gold and equities because low interest rates encourage investors
Published 21 Oct, 2016 12:00am
Gold rises in New York

Gold rises in New York

Gold rose to a two-week high 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 up 0.5
Published 21 Oct, 2016 12:00am
Raw sugar at nearly one-month low, cocoa shrugs off Asia data

Raw sugar at nearly one-month low, cocoa shrugs off Asia data

ICE raw sugar futures fell to the lowest in nearly a month on Thursday, breaking below a two-week trading range and triggering selling after falling beneath recent session lows. Cocoa prices were little changed, as the market shrugged off strong grind dat
Published 21 Oct, 2016 12:00am
Palm oil declines on slowing exports, weaker Dalian gains

Palm oil declines on slowing exports, weaker Dalian gains

Malaysian palm oil gave up its early gains on Thursday, declining towards the end of the trading day as rallies of rival vegetable oils on China's Dalian Commodity Exchange slowed and palm export demand weakened. Benchmark palm oil futures for January on
Published 21 Oct, 2016 12:00am
Rubber slides

Rubber slides

Benchmark Tokyo rubber futures slipped for a third straight session on Thursday, paring earlier gains to hit a 10-day low, as investors continued to adjust positions from a recent rally. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyr
Published 21 Oct, 2016 12:00am
Aluminium slides on oversupply fears, copper falls

Aluminium slides on oversupply fears, copper falls

Aluminium slid to its lowest in nearly a month on Thursday on worries about oversupply after a rise in output from top producer China and heavy flows into LME warehouses in Asia. Total Chinese production in September rose to 2.75 million tonnes, the highe
Published 21 Oct, 2016 12:00am
Shanghai copper up

Shanghai copper up

Shanghai Futures Exchange copper ended up 0.1 percent at 37,310 yuan ($5,536) a tonne on Thursday as steps by China to cool its real estate market, a key metals user, dampened buying interest. China's economy expanded at a steady 6.7 percent in the third
Published 21 Oct, 2016 12:00am
France warns May of hard Brexit talks

France warns May of hard Brexit talks

French President Francois Hollande on Thursday warned British Prime Minister Theresa May during her first European Union summit that she would face tough negotiations if she insists on a "hard Brexit". May is calling on EU leaders to work together for a "
Published 21 Oct, 2016 12:00am
Thousands march in Jerusalem in support of Israel

Thousands march in Jerusalem in support of Israel

Supporters of Israel from across the globe marched in Jerusalem on Thursday, two days after UNESCO backed a resolution which Israel said denied Judaism's connection to the city. Thousands marched through the largely closed centre of Jerusalem as part of t
Published 21 Oct, 2016 12:00am
Sporadic fighting strains fragile Yemen truce

Sporadic fighting strains fragile Yemen truce

Scattered clashes between rebels and pro-government forces undermined a fragile cease-fire in Yemen Thursday as global pressure intensified for a lasting truce in a country where millions are homeless and hungry. At least 11 people were killed on the firs
Published 21 Oct, 2016 12:00am
Iran steps up weapons supply to Houthis via Oman

Iran steps up weapons supply to Houthis via Oman

Iran has stepped up weapons transfers to the Houthis, the militia fighting the Saudi-backed government in Yemen, US, Western and Iranian officials told Reuters, a development that threatens to prolong and intensify the 19-month-old war. The increased pace
Published 21 Oct, 2016 12:00am
EU threatens Russia with sanctions over Syria

EU threatens Russia with sanctions over Syria

European Union leaders warned Russia at a summit on Thursday that they will consider sanctions over its role in the Syrian conflict if Moscow does not stop "crimes" in the devastated city of Aleppo. As the bloc's 28 leaders met in Brussels for a crucial d
Published 21 Oct, 2016 12:00am
Blast at Indian fireworks factory kills eight

Blast at Indian fireworks factory kills eight

At least eight workers were killed on Thursday in a huge explosion set off by a blaze at a fireworks factory in southern Indian, police said. Another 15 people were wounded in the blast in Tamil Nadu state, which came days before the Hindu festival of Diw
Published 21 Oct, 2016 12:00am
Iraq forces retake town east of Mosul: commander

Iraq forces retake town east of Mosul: commander

Iraq's elite counter-terrorism service (CTS) on Thursday retook full control of Bartalla, a small Christian town to the east of Mosul which the Islamic State group seized two years ago. CTS commander Taleb Sheghati al-Kenani announced the jihadists' defea
Published 21 Oct, 2016 12:00am
Pentagon chief vows 'overwhelming' response to any North Korea nuke use

Pentagon chief vows 'overwhelming' response to any North Korea nuke use

Pentagon chief Ashton Carter on Thursday decried North Korea's latest missile test and again vowed an "overwhelming" response if Pyongyang were ever to launch a nuclear weapon. North Korea on Thursday - Wednesday in the United States - conducted what appe
Published 21 Oct, 2016 12:00am
Duterte announces 'separation' from US

Duterte announces 'separation' from US

Philippines' President Rodrigo Duterte declared his "separation" from longstanding ally the United States in Beijing on Thursday, as he rebalances his country's diplomacy towards China. Duterte is in China for a four-day trip seen as confirming his tilt a
Published 21 Oct, 2016 12:00am
Super typhoon kills at least eight in Philippines

Super typhoon kills at least eight in Philippines

One of the most powerful typhoons to ever hit the Philippines killed at least eight people on Thursday as ferocious gales and landslides destroyed tens of thousands of homes. Super Typhoon Haima struck late on Wednesday night with winds similar to those o
Published 21 Oct, 2016 12:00am
Indian court acquits 14 over 2002 massacre of Muslims

Indian court acquits 14 over 2002 massacre of Muslims

An Indian court on Thursday upheld appeals by 14 Hindus convicted over the massacre of 33 Muslims burnt alive during some of the worst religious unrest the country has seen since independence. The victims had crowded into a small house seeking shelter dur
Published 21 Oct, 2016 12:00am
Higher judiciary will not disappoint nation, says Siraj

Higher judiciary will not disappoint nation, says Siraj

Jamaat-e-Islami Pakistan (JIP) Chief, Sirajul Haq has said that the political parties had knocked the door of the superior courts against corruption and expressed the hope that the courts would not disappoint the nation. Talking to the media persons here
Published 21 Oct, 2016 12:00am
Pacra upgrades JS Bank rating

Pacra upgrades JS Bank rating

The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the long-term entity rating of JS Bank Limited (JSBL) to 'AA- (Double A Minus)[previously 'A+ (A Plus)]. Meanwhile, short-term entity rating is maintained at 'A1+' (A One Plus). The ratings de
Published 21 Oct, 2016 12:00am
Pacra upgrades JS Bank rating

Pacra upgrades JS Bank rating

The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the long-term entity rating of JS Bank Limited (JSBL) to 'AA- (Double A Minus)[previously 'A+ (A Plus)]. Meanwhile, short-term entity rating is maintained at 'A1+' (A One Plus). The ratings de
Published 21 Oct, 2016 12:00am
Police seek Rs 65.2 million to deal with PTI lockdown plan

Police seek Rs 65.2 million to deal with PTI lockdown plan

Islamabad Capital Territory (ICT) police have geared up efforts to effectively deal with much-hyped lockdown of the federal capital by Pakistan Tehreek-e-Insaf (PTI) on November 2 and demanded Rs 65.2 million for vehicles and heavy machinery arrangement.
Published 21 Oct, 2016 12:00am
PML-N accuses Imran of fomenting unrest in the name of politics

PML-N accuses Imran of fomenting unrest in the name of politics

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Thursday drew flake from ruling Pakistan Muslim League (PML-N) leaders, for his Islamabad lockdown, accusing him of spreading and sponsoring terrorism in the country through such strike calls. PML-N leade
Published 21 Oct, 2016 12:00am
Regulatory framework for NBMFCs: SECP undertakes thorough revamp task

Regulatory framework for NBMFCs: SECP undertakes thorough revamp task

Over the last one year, SECP has undertaken a thorough revamping of the regulatory framework for non-bank micro finance companies (NBMFCs). Various measures have been taken with the specific objectives of improving ease of doing business by NBMFCs which i
Published 21 Oct, 2016 12:00am
Killing of two shopkeepers: alleged injured robber held from CHK

Killing of two shopkeepers: alleged injured robber held from CHK

Police on Thursday apprehended an alleged robber in injured condition from Civil Hospital Karachi (CHK). The accused was involved in a firing incident in the metropolis, police said on Thursday. According to police sources, two robbers entered a bakery at
Published 21 Oct, 2016 12:00am
Gul Ahmed Wind Power Limited commences commercial operations

Gul Ahmed Wind Power Limited commences commercial operations

Gul Ahmed Wind Power Limited ("Project"), a 50MW wind power generation plant, located in Jhimpir, Thatta, Sindh has commenced its commercial operations on October 18, 2016. The Project will now be dispatching electricity to Central Power Purchaser Agency
Published 21 Oct, 2016 12:00am
ACPL PAT rises to Rs 690.849 million

ACPL PAT rises to Rs 690.849 million

The profit after tax of Attock Cement Pakistan Limited (ACPL) has increased to Rs 690.849 million in the quarter ended September 30, 2016 as compared to Rs 481.387 million earned in the corresponding period in 2015. The board of directors of the company,
Published 21 Oct, 2016 12:00am
ACPL PAT rises to Rs 690.849 million

ACPL PAT rises to Rs 690.849 million

The profit after tax of Attock Cement Pakistan Limited (ACPL) has increased to Rs 690.849 million in the quarter ended September 30, 2016 as compared to Rs 481.387 million earned in the corresponding period in 2015. The board of directors of the company,
Published 21 Oct, 2016 12:00am
Closure of businesses: former KCCI chief proposes new timings

Closure of businesses: former KCCI chief proposes new timings

Chairman, Businessmen Group and former President of Karachi Chamber of Commerce and Industry (KCCI), Siraj Kassam Teli, has said the timing of shops' closure should be extended up to 9:00 pm, shopping malls to 10:00 pm and marriage halls to 11:00 pm. He s
Published 21 Oct, 2016 12:00am
Global Handwashing Day observed

Global Handwashing Day observed

Children suffer disproportionately from diarrhea diseases with more than 3.5 million children under five dying every year from diarrhoea and pneumonia related diseases.
Published 21 Oct, 2016 12:00am
Consultative meeting on IHR, GHSA held at KMU

Consultative meeting on IHR, GHSA held at KMU

A consultative meeting regarding development of provincial plan of action for implementation of International Health Regulation (IHR) and Global Health Security Agenda (GHSA) organized by Health department in collaboration with WHO and Khyber Medical Univ
Published 21 Oct, 2016 12:00am
Pakistan to send Foreign Secretary to Bangladesh

Pakistan to send Foreign Secretary to Bangladesh

Pakistan has decided to send Foreign Secretary Aizaz Ahmad Chaudhry to Bangladesh with a view to reset its relations which have been strained for the last several months due to ongoing executions of Bangladeshi leaders allegedly for war crimes during the
Published 21 Oct, 2016 12:00am
Senate body terms IMEI replication a security threat

Senate body terms IMEI replication a security threat

A parliamentary panel on Thursday termed the replication of International Mobile Equipment Identity (IMEI) a security threat and recommended to bind cellular companies to avoid such duplication. The mobile IMEI number is being replicated even 1000 times i
Published 21 Oct, 2016 12:00am
CBSA officials praise electronic customs clearance processes

CBSA officials praise electronic customs clearance processes

The senior officials of Canada Border Service Agency (CBSA) met Pakistani customs authorities in Karachi and Islamabad and appreciated the electronic customs clearance processes in Pakistan. Sources told Business Recorder here on Thursday that the
Published 21 Oct, 2016 12:00am
PFG concerned over Pak-Afghan deteriorating ties

PFG concerned over Pak-Afghan deteriorating ties

The Pakistan-Afghanistan Parliamentary friendship group (PFG) in the National Assembly of Pakistan met under its Convenor Aftab Ahmad Khan Sherpao MNA on Thursday. The PFG expressed great concern over the deterioration of Pakistan-Afghanistan relations an
Published 21 Oct, 2016 12:00am
Islamabad Airport: foreign fabrics, assorted mobile phones seized

Islamabad Airport: foreign fabrics, assorted mobile phones seized

Model Customs Collectorate (MCC) Islamabad's ongoing crackdown against non-duty paid smuggled goods resulted in seizure of large quantity of foreign fabrics and assorted mobile phones here on Thursday. According to the details, on specific information, Is
Published 21 Oct, 2016 12:00am
Status of Women: National Assembly body approves bill

Status of Women: National Assembly body approves bill

The National Assembly Standing Committee on Human Rights on Thursday passed "The National Commission on Status of Women (Amendment) Bill, 2016," without any amendments. Meeting of the committee was held under the chair of MNA Babar Nawaz Khan in the Parli
Published 21 Oct, 2016 12:00am
CEO Pesco for early completion of uplift projects

CEO Pesco for early completion of uplift projects

Chief Executive Officer Peshawar Electricity Supply Company (Pesco), Anwarul Haq Yousafzai has directed all project directors for the completion of all ongoing development projects within the stipulated time period to improve power distribution system. He
Published 21 Oct, 2016 12:00am
Grand Hayat Hotel: NA body concerned over illegal lease accord

Grand Hayat Hotel: NA body concerned over illegal lease accord

The National Assembly Standing Committee on Cabinet has expressed its concern over illegal lease agreement of Grand Hayat Hotel and directed relevant ministry to take strict action to recover the investment of Pakistanis and overseas communities. The comm
Published 21 Oct, 2016 12:00am
Korean embassy organises musical, cultural event

Korean embassy organises musical, cultural event

The Embassy of Korea on Thursday organized a musical event/cultural event at a local hotel to entertain the residents of the twin cities. The event feature was a performance by Noreum Machi, one of the best known Korean music groups. In addition, these sh
Published 21 Oct, 2016 12:00am
UK MPs briefed about Indian brutalities in IHK

UK MPs briefed about Indian brutalities in IHK

Special envoy of Prime Minister of Pakistan, Chairman Finance Committee Qaiser Ahmad Sheikh met with the British Parliamentarians in Parliament House, London. The purpose of this visit is to highlight the contributions of Pakistan for Kashmir dispute. Amo
Published 21 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 Thursday. 78.40-78.40 (previous 78.40-78.40).
Published 21 Oct, 2016 12:00am
Proposed package of Rs 170 billion for exporters hailed

Proposed package of Rs 170 billion for exporters hailed

The business community of theSouthern Punjab has hailed the proposed package of Rs 170 billion for exporters with a major share for textie sector as hinted by Federal Minister for Commerce which is to be announced by Prime Minister Mian Nawaz Sharif aimed
Published 21 Oct, 2016 12:00am
ACCMS introduced to ACE Punjab offices

ACCMS introduced to ACE Punjab offices

The Anti-Corruption Compliant Management System (ACCMS) has been introduced in offices of Anti-Corruption Establishment (ACE) Punjab to ensure accurate and reliable data and make the whole process of complaint handling ie, registration of complaint, enqui
Published 21 Oct, 2016 12:00am
Tax returns: LCCI seeks extension in deadline

Tax returns: LCCI seeks extension in deadline

The Lahore Chamber of Commerce and Industry (LCCI) on Thursday demanded of the Chairman Federal Board of Revenue (FBR) to extend the last date for filing of income tax returns till December 31, 2016 as a large number of businessmen cannot file their retur
Published 21 Oct, 2016 12:00am
Sheikupura road: delay in completion of project badly hits businesses

Sheikupura road: delay in completion of project badly hits businesses

Delay in completion of mega development project of Sheikupura road has badly affected the businesses along this main road. The CM Punjab should take immediate notice of this unnecessary delay which has escalated its estimated cost in addition to adding mi
Published 21 Oct, 2016 12:00am
What India can learn from China

What India can learn from China

In this media-dominated age where hype and hysteria prevail, views of Pakistanis and Indians about each other and their respective worlds continue to collide. The propensity to assume the worst about each other and to wholly succumb to hypernationalistic
Published 21 Oct, 2016 12:00am
K-Electric owes Rs 68 billion dues: SSGC

K-Electric owes Rs 68 billion dues: SSGC

Sui Southern Gas Company (SSGC ) has said that K-Electric is one of its primary defaulters which to date owes it Rs 68 billion. SSGC has taken all appropriate and immediate measures for full recovery of all outstanding amounts from KE and other customers.
Published 21 Oct, 2016 12:00am
Second Test today: Pakistan wary of dangerous West Indies

Second Test today: Pakistan wary of dangerous West Indies

Pakistan can ill-afford any complacency against a dangerous West Indies side when the two teams meet in the second Test starting in Abu Dhabi from Friday. Normal service will be resumed with a traditional red ball and daylight play after both teams fought
Published 21 Oct, 2016 12:00am
PIA win All-Pakistan Shama Challenge Football Cup

PIA win All-Pakistan Shama Challenge Football Cup

Pakistan International Airline (PIA) clinched All-Pakistan Shama Challenge Football Cup after defeating strong PAF by 2-0 in the final played here at Sumbal Khan Football ground, Qayyum Sports Complex on Thursday. Governor KP Iqbal Zafar Jhagra was the ch
Published 21 Oct, 2016 12:00am
Younis wants India, Pakistan to resume Tests

Younis wants India, Pakistan to resume Tests

Senior batsman Younis Khan wants India and Pakistan to set aside their strained relations and resume five-day matches as both are giants of the game. "It's my wish to play a Test in Pakistan again, play against India and against all top teams," Younis tol
Published 21 Oct, 2016 12:00am
Suarez picks up Golden Shoe after prolific last season

Suarez picks up Golden Shoe after prolific last season

Barcelona's Uruguayan star Luis Suarez on Thursday collected the Golden Shoe award for the leading scorer in Europe last season and admitted he never imagined being the most prolific member of such a star-studded attack. "I didn't imagine myself as the to
Published 21 Oct, 2016 12:00am
Messi ruins Guardiola return, Bayern stop rot

Messi ruins Guardiola return, Bayern stop rot

Lionel Messi spoiled Pep Guardiola's homecoming by scoring a hat-trick in Barcelona's 4-0 win over 10-man Manchester City in the Champions League on Wednesday, while Bayern Munich shook off their recent patchy form to defeat PSV Eindhoven 4-1. Messi pounc
Published 21 Oct, 2016 12:00am
New Zealand bowlers pull off 6-run win over India

New Zealand bowlers pull off 6-run win over India

New Zealand bowlers pulled off a thrilling six-run win over India in the second one-day international after skipper Kane Williamson struck a dazzling century to help his side level the series 1-1 in New Delhi on Thursday. The hosts, who were chasing 243 f
Published 21 Oct, 2016 12:00am
Bangladesh debutant teenager puts England in a spin

Bangladesh debutant teenager puts England in a spin

Teenage debutant Mehedi Hasan claimed five wickets for 64 runs to stun England's top order and give Bangladesh the upper hand in the first Test in Chittagong on Thursday. Moeen Ali and Jonny Bairstow scored half-centuries each as England reached 258-7 at
Published 21 Oct, 2016 12:00am
Aussie down, kiwi climbs

Aussie down, kiwi climbs

The Australian dollar came off a six-week high on Thursday after a surprisingly weak employment report showed a big slide in full-time jobs and added to the risk of a further cut in interest rates. The Australian dollar snapped a six-day winning streak to
Published 21 Oct, 2016 12:00am
Sterling falls against dollar
Currency

Sterling falls against dollar

Sterling fell against the dollar on Thursday after the president of the European Council said EU leaders would not engage in negotiations on Britain's exit from the bloc at Prime Minister Theresa May's first summit in Brussels. Donald Tusk said he expecte
Published 21 Oct, 2016 12:00am
China stocks barely changed

China stocks barely changed

China stocks barely moved on Thursday as investors weighed the implications of a slew of economic data released this week. The bluechip CSI300 index rose 0.1 percent, to 3,318.60, while the Shanghai Composite Index ended at 3,084.46 points, almost exactly
Published 21 Oct, 2016 12:00am
Sri Lankan shares at one-month low

Sri Lankan shares at one-month low

Sri Lankan shares ended slightly weaker on Thursday, posting their lowest close in a month, as investors awaited next month's national budget and a flurry of corporate results. The benchmark index of the Colombo Stock Exchange ended 0.03 percent or 2.03 p
Published 21 Oct, 2016 12:00am
Indian shares up

Indian shares up

Indian shares ended higher on Thursday, tracking Asian peers, with financial stocks such as ICICI Bank Ltd contributing most to the gains on the indexes. The broader NSE index ended 0.47 percent higher at 8,699.40, while the benchmark BSE index closed up
Published 21 Oct, 2016 12:00am
Treasury yields little changed

Treasury yields little changed

US Treasury yields were little changed on Wednesday as dealers bought and sold government bonds to hedge securities they underwrote, which was led by Saudi Arabia's first-ever global bond issue. Saudi Arabia's $17.5 billion multipart debt offering, the la
Published 21 Oct, 2016 12:00am
European shares touch two-week high
Currency

European shares touch two-week high

European shares rose on Thursday to their highest level in two weeks, helped by weakness in the euro and further boosted by a rally in bank sector stocks. The euro fell to a four-month low against the US dollar after the European Central Bank cooled talk
Published 21 Oct, 2016 12:00am
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