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Mar 29, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-10-27
Sindh chief minister inaugurates Iqra varsity campus

Sindh chief minister inaugurates Iqra varsity campus

Syed Murad Ali Shah Sindh Chief Minister visited Iqra University North Campus, Karachi to inaugurate the campus building. Advisor to Chief Minister for Anti-Corruption and Law, Barrister Murtaza Wahab also accompanied the chief minister. Lieutenant Genera
Published 27 Oct, 2016 12:00am
Deutsche Bank under microscope as legal woes persist

Deutsche Bank under microscope as legal woes persist

Germany's biggest lender Deutsche Bank will face renewed probing on Thursday, as investors pore over its third-quarter results after being hit with a multi-billion-dollar fine by the US Department of Justice. "It will be important to keep an eye on growth
Published 27 Oct, 2016 12:00am
Deutsche Bank under microscope as legal woes persist

Deutsche Bank under microscope as legal woes persist

Germany''s biggest lender Deutsche Bank will face renewed probing on Thursday, as investors pore over its third-quarter results after being hit with a multi-billion-dollar fine by the US Department of Justice. "It will be important to keep an eye on growt
Published 27 Oct, 2016 12:00am
Deutsche Bank under microscope as legal woes persist

Deutsche Bank under microscope as legal woes persist

Germany''''s biggest lender Deutsche Bank will face renewed probing on Thursday, as investors pore over its third-quarter results after being hit with a multi-billion-dollar fine by the US Department of Justice. "It will be important to keep an eye on gro
Published 27 Oct, 2016 12:00am
PSX stays depressed

PSX stays depressed

Pakistan Stock Exchange (PSX) remained under pressure on the third consecutive day as the investors opted to offload their holdings due to political uncertainty and security concerns. The benchmark KSE-100 index declined by 237.95 points and closed at 40,
Published 27 Oct, 2016 12:00am
PSX stays depressed

PSX stays depressed

Pakistan Stock Exchange (PSX) remained under pressure on the third consecutive day as the investors opted to offload their holdings due to political uncertainty and security concerns. The benchmark KSE-100 index declined by 237.95 points and closed at 40,
Published 27 Oct, 2016 12:00am
THE RUPEE: dollar at Rs 106
Currency

THE RUPEE: dollar at Rs 106

The rupee crossed barriers of 106 marks against the dollar on the money market on Wednesday, dealers said. The rupee gained seven paisas in relation to the dollar for buying and selling at Rs 104.76 and Rs 104.78 respectively, they said.
Published 27 Oct, 2016 12:00am
PSX stays depressed

PSX stays depressed

Pakistan Stock Exchange (PSX) remained under pressure on the third consecutive day as the investors opted to offload their holdings due to political uncertainty and security concerns. The benchmark KSE-100 index declined by 237.95 points and closed at 40,
Published 27 Oct, 2016 12:00am
THE RUPEE: dollar at Rs 106
Currency

THE RUPEE: dollar at Rs 106

The rupee crossed barriers of 106 marks against the dollar on the money market on Wednesday, dealers said. The rupee gained seven paisas in relation to the dollar for buying and selling at Rs 104.76 and Rs 104.78 respectively, they said.
Published 27 Oct, 2016 12:00am
BRIndex30 sheds 149.82 points

BRIndex30 sheds 149.82 points

On Wednesday, BRIndex30 opened at 23,248.67 points. It touched an intraday high of 23,403.71 points and an intraday low of 22,996.10 points and closed at 23,098.85 points which was -149.82 points or -0.64 percent lower than previous close. Total volume wa
Published 27 Oct, 2016 12:00am
BRIndex30 sheds 149.82 points

BRIndex30 sheds 149.82 points

On Wednesday, BRIndex30 opened at 23,248.67 points. It touched an intraday high of 23,403.71 points and an intraday low of 22,996.10 points and closed at 23,098.85 points which was -149.82 points or -0.64 percent lower than previous close. Total volume wa
Published 27 Oct, 2016 12:00am
Bangladesh growing at much faster pace, ADB tells government

Bangladesh growing at much faster pace, ADB tells government

Asian Development Bank (ADB) President Takehiko Nakao on Wednesday said that Bangladesh and Sri Lanka are growing at a much faster pace than Pakistan and has asked the country to address governance issues and pursue sound economic reforms to realise the g
Published 27 Oct, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 26, 2016).

Published 27 Oct, 2016 12:00am
Bangladesh growing at much faster pace, ADB tells government

Bangladesh growing at much faster pace, ADB tells government

Asian Development Bank (ADB) President Takehiko Nakao on Wednesday said that Bangladesh and Sri Lanka are growing at a much faster pace than Pakistan and has asked the country to address governance issues and pursue sound economic reforms to realise the g
Published 27 Oct, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 26, 2016).

Published 27 Oct, 2016 12:00am
Bangladesh growing at much faster pace, ADB tells government

Bangladesh growing at much faster pace, ADB tells government

Asian Development Bank (ADB) President Takehiko Nakao on Wednesday said that Bangladesh and Sri Lanka are growing at a much faster pace than Pakistan and has asked the country to address governance issues and pursue sound economic reforms to realise the g
Published 27 Oct, 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 Wednesday (October 26, 2016).

Published 27 Oct, 2016 12:00am
World Bank's EODB Index: Pakistan ranks 144th of 190 economies for 2017

World Bank's EODB Index: Pakistan ranks 144th of 190 economies for 2017

Pakistan has been ranked 144th out of 190 economies for 2017 on the Word Bank's Ease of Doing Business (EODB) Index. Pakistan's global ranking in ease of doing business stood at 138th among 189 countries in 2016, however, according to the revised methodol
Published 27 Oct, 2016 12:00am
World Bank's EODB Index: Pakistan ranks 144th of 190 economies for 2017

World Bank's EODB Index: Pakistan ranks 144th of 190 economies for 2017

Pakistan has been ranked 144th out of 190 economies for 2017 on the Word Bank's Ease of Doing Business (EODB) Index. Pakistan's global ranking in ease of doing business stood at 138th among 189 countries in 2016, however, according to the revised methodol
Published 27 Oct, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 26, 2016)

Published 27 Oct, 2016 12:00am
World Bank''s EODB Index: Pakistan ranks 144th of 190 economies for 2017

World Bank''s EODB Index: Pakistan ranks 144th of 190 economies for 2017

Pakistan has been ranked 144th out of 190 economies for 2017 on the Word Bank''s Ease of Doing Business (EODB) Index. Pakistan''s global ranking in ease of doing business stood at 138th among 189 countries in 2016, however, according to the revised method
Published 27 Oct, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 26, 2016).

Published 27 Oct, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 27 Oct, 2016 12:00am
GSP plus review mission to arrive on October 30

GSP plus review mission to arrive on October 30

The European Union's (EU) second Generalized System of Preferences(GSP) plus review Mission will visit Pakistan from October 30 to November 4, 2016 and assess the status of implementation of 27 Conventions covered under the trade incentives scheme and the
Published 27 Oct, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 27 Oct, 2016 12:00am
GSP plus review mission to arrive on October 30

GSP plus review mission to arrive on October 30

The European Union's (EU) second Generalized System of Preferences(GSP) plus review Mission will visit Pakistan from October 30 to November 4, 2016 and assess the status of implementation of 27 Conventions covered under the trade incentives scheme and the
Published 27 Oct, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 26, 2016).

Published 27 Oct, 2016 12:00am
GSP plus review mission to arrive on October 30

GSP plus review mission to arrive on October 30

The European Union''s (EU) second Generalized System of Preferences(GSP) plus review Mission will visit Pakistan from October 30 to November 4, 2016 and assess the status of implementation of 27 Conventions covered under the trade incentives scheme and th
Published 27 Oct, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 26, 2016).

Published 27 Oct, 2016 12:00am
The Weather

The Weather

The weather report on Wednesday (October 26, 2016) and the forecast for Thursday (October 27, 2016).

Published 27 Oct, 2016 12:00am
Trump says Clinton policy on Syria would lead to World War Three

Trump says Clinton policy on Syria would lead to World War Three

US Republican presidential nominee Donald Trump said on Tuesday that Democrat Hillary Clinton's plan for Syria would "lead to World War Three," because of the potential for conflict with military forces from nuclear-armed Russia. In an interview focused l
Published 27 Oct, 2016 12:00am
Trump says Clinton policy on Syria would lead to World War Three

Trump says Clinton policy on Syria would lead to World War Three

US Republican presidential nominee Donald Trump said on Tuesday that Democrat Hillary Clinton's plan for Syria would "lead to World War Three," because of the potential for conflict with military forces from nuclear-armed Russia. In an interview focused l
Published 27 Oct, 2016 12:00am
Quetta shuts down, mourns 61 killed at police academy

Quetta shuts down, mourns 61 killed at police academy

Quetta shut down on Wednesday following a militant rampage at a police academy the day before as the victims' families buried 60 police cadets and an army officer killed in the attack one of the deadliest targeting security forces in recent years. The bra
Published 27 Oct, 2016 12:00am
Quetta shuts down, mourns 61 killed at police academy

Quetta shuts down, mourns 61 killed at police academy

Quetta shut down on Wednesday following a militant rampage at a police academy the day before as the victims' families buried 60 police cadets and an army officer killed in the attack one of the deadliest targeting security forces in recent years. The bra
Published 27 Oct, 2016 12:00am
MCB Bank announces Rs 4 interim cash dividend for 3Q

MCB Bank announces Rs 4 interim cash dividend for 3Q

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on October 26, 2016 to review the performance of the Bank and approve the financial statements for the nine month period ended September 30, 2016. MCB Bank Lim
Published 27 Oct, 2016 12:00am
MCB Bank announces Rs 4 interim cash dividend for 3Q

MCB Bank announces Rs 4 interim cash dividend for 3Q

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on October 26, 2016 to review the performance of the Bank and approve the financial statements for the nine month period ended September 30, 2016. MCB Bank Lim
Published 27 Oct, 2016 12:00am
MCB Bank announces Rs 4 interim cash dividend for 3Q

MCB Bank announces Rs 4 interim cash dividend for 3Q

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on October 26, 2016 to review the performance of the Bank and approve the financial statements for the nine month period ended September 30, 2016. MCB Bank Lim
Published 27 Oct, 2016 12:00am
MCB Bank announces Rs 4 interim cash dividend for 3Q

MCB Bank announces Rs 4 interim cash dividend for 3Q

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on October 26, 2016 to review the performance of the Bank and approve the financial statements for the nine month period ended September 30, 2016. MCB Bank Lim
Published 27 Oct, 2016 12:00am
Gold slips

Gold slips

Gold prices fell on Wednesday as investor appetite for riskier assets such as equities and crude oil recovered slightly, denting demand for bullion, often considered a safe haven. A rally in Boeing's shares helped the Dow Jones industrial average reverse
Published 27 Oct, 2016 12:00am
Soya, wheat up

Soya, wheat up

US grain and oilseed futures rose more than 1 percent on Wednesday, lifted by investment fund buying and expectations for increased export demand as harvests neared completion, traders and analysts said. Chicago Board of Trade soyabean futures climbed to
Published 27 Oct, 2016 12:00am
Oil down one percent on Opec worry, offsetting US inventory fall

Oil down one percent on Opec worry, offsetting US inventory fall

Oil fell more than 1 percent on Wednesday even after a surprise drawdown in US crude inventories, as traders remained cautious that Opec would be able to cut production come late November. US crude stockpiles fell 553,000 barrels last week, the US Energy
Published 27 Oct, 2016 12:00am
Cotton futures rise
Cotton

Cotton futures rise

Cotton futures rose one percent on Wednesday, snapping a six-session falling streak, boosted by speculative buying and an easing dollar even as crop harvest progressed unhindered in US producing regions. "It looks like someone just wanted to buy a lot of
Published 27 Oct, 2016 12:00am
Ogra summary destined for rejection?

Ogra summary destined for rejection?

Oil and Gas Regulatory Authority (Ogra) is expected to propose, through a summary, an increase in the price of petroleum and products to the government by the end of this month that would reflect a rise in their international price, according to a Busi
Published 27 Oct, 2016 12:00am
Another massacre in Quetta

Another massacre in Quetta

Even when overall law and order situation in the country has considerably improved Quetta remains an easy kill by terrorists. They struck it Monday night once again and took heavy toll of life. In the attack on the Police Training College some 62 cadets w
Published 27 Oct, 2016 12:00am
Pillars of prosperity

Pillars of prosperity

In an open letter to the IMF carried by Business Recorder (October 24, 2016), Dr Ashfaque Hassan Khan, Dr Hafeez Pasha and this writer had reminded the IMF that the recently concluded EFF programme with Pakistan had not produced the victory that w
Published 27 Oct, 2016 12:00am
Launching of PMIC: Microfinance - a landmark journey

Launching of PMIC: Microfinance - a landmark journey

Microfinance is a real success story for Pakistan. The progress this country has made in just a few years has been incredible. From woefully inadequate access to banking, millions of Pakistanis have been given access to financial products - and many small
Published 27 Oct, 2016 12:00am
Belgium's Walloons rally in underdog fight against EU-Canada deal

Belgium's Walloons rally in underdog fight against EU-Canada deal

The economically depressed Belgian region of Wallonia finds new cohesion and purpose as its people unite against a looming deal they fear will make them even poorer. Charleroi, Belgium (dpa) - Belgium's southern region of Wallonia and its 3.6 million Fren
Published 27 Oct, 2016 12:00am
Attack on police college

Attack on police college

The country's top military and intelligence brass including army chief Raheel Sharif attended an official funeral ceremony for the Quetta carnage victims, whose bodies were placed in coffins draped in white and borne by soldiers in dress uniform. Prime Mi
Published 27 Oct, 2016 12:00am
Sindh Bank's deposits increase to Rs 102.76 billion

Sindh Bank's deposits increase to Rs 102.76 billion

The Board of Directors of Sindh Bank in its meeting held recently considered and approved the accounts of the bank for the nine-month period ended September 30, 2016. During the period under review, the bank maintained satisfactory growth in deposits, adv
Published 27 Oct, 2016 12:00am
Conspiracy being hatched to derail democratic system?

Conspiracy being hatched to derail democratic system?

Opposition Leader in National Assembly, Syed Khursheed Ahmed Shah has hinted that conspiracy is being hatched to derail the democratic system at the time when the country is passing through a crucial stage. In view of crucial time, there is a need to adop
Published 27 Oct, 2016 12:00am
NA-258 by-poll: PPPP awards ticket to Hakeem Baloch

NA-258 by-poll: PPPP awards ticket to Hakeem Baloch

Pakistan Peoples Party Parliamentarians (PPPP) has issued the party ticket to Abdul Hakeem Baloch for NA-258 Malir by-elections. According to details, The PML-N Member National Assembly (MNA) Abdul Hakeem Baloch had recently resigned from the party and jo
Published 27 Oct, 2016 12:00am
IRIS system issues: most taxpayers fail to file IT returns: KTBA

IRIS system issues: most taxpayers fail to file IT returns: KTBA

Federal Board of Revenue (FBR) is able to get not more than 20 per cent of income tax returns for tax year 2015-16, due to IRIS system issues. Talking to Business Recorder, Rehan Hasan Jafri, President Karachi Tax Bar Association (KTBA) said that not more
Published 27 Oct, 2016 12:00am
Tawab calls for improving doing business indices

Tawab calls for improving doing business indices

Senior Vice President Federation of Pakistan Chambers of Commerce and Industry(FPCCI) Shaikh Khalid Tawab has suggested to improve the doing business indices as most of the investors in the world making decisions on the basis of the competitiveness of the
Published 27 Oct, 2016 12:00am
Free medical camp for KPC members today

Free medical camp for KPC members today

A free consultancy and screening medical camp is being held at Karachi Press Club (KPC) today, (October 27) to enhance awareness about stroke, its causes, risk factors and preventive measures. Senior neurologists and physicians would provide free consulta
Published 27 Oct, 2016 12:00am
Pakistan Post, Karandaaz sign partnership agreement

Pakistan Post, Karandaaz sign partnership agreement

Pakistan Post and Karandaaz Pakistan have signed a partnership agreement to digitize money orders service at Pakistan Post. Under the agreement, Karandaaz Pakistan will provide technical support in designing a new product 'mobile money order' from concept
Published 27 Oct, 2016 12:00am
NSA tells US envoy: NDS-RAW nexus must be broken

NSA tells US envoy: NDS-RAW nexus must be broken

Pakistan on Wednesday conveyed to Untied States that it was imperative to break the nexus between Afghan spy agency, National Directorate of Security (NDS) and Research and Analysis Wing (RAW) of India that are extending a covert support to terrorists for
Published 27 Oct, 2016 12:00am
Corridor projects: Gwadar economic forum set up to facilitate investors

Corridor projects: Gwadar economic forum set up to facilitate investors

Gwadar Economic Forum has been established to create awareness on China Pakistan Economic Corridor (CPEC) among the people of Balochistan and facilitate the investors. Addressing a press conference at Karachi Press Club Wednesday, Mir Naveed Kalmati, Chai
Published 27 Oct, 2016 12:00am
Lifebuoy celebrates Global Handwashing Day

Lifebuoy celebrates Global Handwashing Day

Lifebuoy called out to the nation on 22nd October at PAF Museum to celebrate Global Handwashing Day by coming together to High5 and save lives. The event was attended by some of the nation's biggest names with the likes of Fahad Mustafa, Saira Kabeer, Ano
Published 27 Oct, 2016 12:00am
Gold up in Asia

Gold up in Asia

Gold prices stayed firm on Wednesday as stronger physical demand for the precious metal, ahead of India's late-October festival season, offset a steady US dollar. Demand for bullion is expected to pick up ahead of festivals such as Dhanteras and Diwali, w
Published 27 Oct, 2016 12:00am
Lawyers observe strike

Lawyers observe strike

The legal fraternity observed strike across the province on Wednesday to condemn the Quetta attack. The lawyers demanded the government to take practical steps to ensure security of the public. They appeared in urgent cases only. They held seminars and ex
Published 27 Oct, 2016 12:00am
Government will not allow anybody to lock down capital: Saira

Government will not allow anybody to lock down capital: Saira

Minister of State for National Health Services, Regulation and Coordination, Saira Afzal Tarrar on Wednesday said the government would not allow any body to lockdown the Islamabad for their vested interest. "Those who are planning to shut down Islamabad o
Published 27 Oct, 2016 12:00am
TDAP organises seminar on export of Kinnow at Sargodha

TDAP organises seminar on export of Kinnow at Sargodha

Trade Development Authority of Pakistan (TDAP) Faisalabad organised a seminar on export of Kinnow at Sargodha here on Wednesday which was participated by a large number of kinnow growers and exporters. Addressing the seminar, Joint Secretary, Ministry of
Published 27 Oct, 2016 12:00am
No compromise on quality of higher education: Dr Nizamuddin

No compromise on quality of higher education: Dr Nizamuddin

There will be no compromise on the quality of higher education in the province, however, PHEC will facilitate the private sector universities to ensure quality, Chairperson Punjab Higher Education Commission (PHEC) Professor Dr Mohammad Nizamuddin said, w
Published 27 Oct, 2016 12:00am
Tareen moves LHC against Prime Minister

Tareen moves LHC against Prime Minister

PTI leader on Wednesday approached the Lahore High Court against Prime Minister Nawaz Sharif seeking his disqualification for alleged involvement of his family members in offshore business. The petitioner, Jahangir Khan Tareen, submitted that Panama leaks
Published 27 Oct, 2016 12:00am
FCCI president condoles Rana Atif's death

FCCI president condoles Rana Atif's death

President Faisalabad Chamber of Commerce and Industry (FCCI), Engineer Muhammad Saeed Sheikh has expressed deep sense of sorrow and grief over the sad demise of Rana Atif Tauseef, Director Rana Textile Mills Khurrianwala. Rana Atif was younger brother of
Published 27 Oct, 2016 12:00am
PepsiCo announces 2025 global sustainability agenda

PepsiCo announces 2025 global sustainability agenda

PepsiCo Inc has announced an ambitious global sustainability agenda designed to foster continued business growth by taking important steps to address environmental, health and social priorities all around the world. According to an announcement of the com
Published 27 Oct, 2016 12:00am
EMCO Industries Limited

EMCO Industries Limited

EMCO has a long history, with its original parent company The Imperial Electric Company (Pvt) Ltd, being established in 1931. Electrical Equipment Manufacturing Co Ltd (EMCO) was the pioneer in production of all types of insulators including those require
Published 27 Oct, 2016 12:00am
EMCO Industries Limited

EMCO Industries Limited

EMCO has a long history, with its original parent company The Imperial Electric Company (Pvt) Ltd, being established in 1931. Electrical Equipment Manufacturing Co Ltd (EMCO) was the pioneer in production of all types of insulators including those require
Published 27 Oct, 2016 12:00am
Pakistan a big market for satellite broadband internet: CEO Yahsat

Pakistan a big market for satellite broadband internet: CEO Yahsat

Pakistan is one of the most important and big markets for satellite broadband internet as there is exceptional demand in the rural and underserved communities across the country for broadband internet services. Talking to newsmen, Masood M Sharif Mahmood
Published 27 Oct, 2016 12:00am
Government mops up Rs 90 billion via auction for MTBs

Government mops up Rs 90 billion via auction for MTBs

The federal government Wednesday raised Rs 90 billion through the auction for short-term government papers. The State Bank of Pakistan (SBP), on October 26, 2016, conducted the auction for the sale of 3-month, 6-month and 12-month Market Treasury Bills (M
Published 27 Oct, 2016 12:00am
Government mops up Rs 90 billion via auction for MTBs

Government mops up Rs 90 billion via auction for MTBs

The federal government Wednesday raised Rs 90 billion through the auction for short-term government papers. The State Bank of Pakistan (SBP), on October 26, 2016, conducted the auction for the sale of 3-month, 6-month and 12-month Market Treasury Bills (M
Published 27 Oct, 2016 12:00am
Minister urges growers, rice millers to work towards value addition

Minister urges growers, rice millers to work towards value addition

Sohail Anwar Khan Sial, Provincial Minister for Agriculture, has urged the growers and rice millers to jointly work for value addition in rice. A high delegation of Rice Exporters Association of Pakistan (REAP) under the leadership of Mahmood Moulvi, Chai
Published 27 Oct, 2016 12:00am
CPNE for fool-proof security to journalists

CPNE for fool-proof security to journalists

Observing, the current wave of terrorist attacks by non-state actors and calls of protests & strikes by the political parties, Council of Pakistan Newspaper Editors (CPNE) demands the government to provide free move & fool proof security to journalists an
Published 27 Oct, 2016 12:00am
FFC posts Rs 2.612 billion as PAT

FFC posts Rs 2.612 billion as PAT

Fauji Fertilizer Company (FFC) has posted Rs 2.612 billion as profit after tax in the quarter ended September 30, 2016 as compared to Rs 3.680 billion in the corresponding period in 2015.
Published 27 Oct, 2016 12:00am
FFC posts Rs 2.612 billion as PAT

FFC posts Rs 2.612 billion as PAT

Fauji Fertilizer Company (FFC) has posted Rs 2.612 billion as profit after tax in the quarter ended September 30, 2016 as compared to Rs 3.680 billion in the corresponding period in 2015.
Published 27 Oct, 2016 12:00am
LNG prices enjoying seasonal gains, but joy may be short-lived

LNG prices enjoying seasonal gains, but joy may be short-lived

It's around about now that liquefied natural gas (LNG) spot prices usually start rising in Asia ahead of winter demand, and this year looks set to hold to the pattern, although any relief for producers is likely to be short-lived. While the LNG market is
Published 27 Oct, 2016 12:00am
Gold steady in Europe

Gold steady in Europe

Gold was little changed on Wednesday but analysts expect further gains after a retreat in the dollar and signs of healthy physical demand. Gold had the potential to claw higher in the short term after the dollar pulled back from near nine-month highs and
Published 27 Oct, 2016 12:00am
School children among 26 dead in Syria raids

School children among 26 dead in Syria raids

Air strikes on Syria's rebel-held Idlib province hit a school and the surrounding area on Wednesday, killing at least 26 civilians including many children, a monitor and activists said. The Syrian Observatory for Human Rights said "warplanes - either Russ
Published 27 Oct, 2016 12:00am
Kyrgyzstan government resigns after coalition break-up

Kyrgyzstan government resigns after coalition break-up

Kyrgyzstan's government resigned on Wednesday after President Almazbek Atambayev's party quit the ruling majority coalition earlier this week, deepening a rift between the pro-Russian leader and his former allies. The Social Democratic party, the biggest
Published 27 Oct, 2016 12:00am
Duterte wants US troops out in two years

Duterte wants US troops out in two years

Philippine President Rodrigo Duterte said Wednesday he wants US troops out of his country within two years and is willing to scrap defence pacts with longtime ally Washington if necessary. The remarks, made during a high-profile visit to Japan, follow a s
Published 27 Oct, 2016 12:00am
Mediterranean migrant deaths in 2016 hit record 3,800: UN

Mediterranean migrant deaths in 2016 hit record 3,800: UN

At least 3,800 migrants and refugees have perished this year while trying to cross the Mediterranean to reach Europe, the highest ever toll ever on the perilous route, the UN said Wednesday. "We can confirm that at least 3,800 people have been reported de
Published 27 Oct, 2016 12:00am
25 people found dead

25 people found dead

The French aid group Doctors without Borders (MSF) said Wednesday it had found a pile of 25 migrants who died in apocalyptic conditions, perishing in a pool of fuel and seawater aboard a crowded dinghy off Libya. The find adds to the grim evidence of the
Published 27 Oct, 2016 12:00am
Jihadists 'shave beards' as pressure builds on Mosul

Jihadists 'shave beards' as pressure builds on Mosul

Jihadists with the Islamic State group were shaving their beards and changing hideouts in Mosul, residents said, as a major Iraqi offensive moved ever closer to the city on Wednesday. With pressure building on the 10th day of the Mosul assault, Western de
Published 27 Oct, 2016 12:00am
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