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Print - 2016-10-28
Paris, the upstart startup capital

Paris, the upstart startup capital

Could Paris, the City of Light, soon become known as the City of Innovation helping propel young entrepreneurs to push technological and business frontiers? While efforts by Paris to lure financial companies from London in the wake of Britain's vote to le
Published 28 Oct, 2016 12:00am
Far from stepping back, top central banks are set to double down

Far from stepping back, top central banks are set to double down

Central banks' repeated warnings that there are limits to what they can do to bolster the sputtering world economy could suggest they are about to pull back and pass the baton to governments. But a steady flow of research and a new tone in the debate amon
Published 28 Oct, 2016 12:00am
General Electric profit falls 20 percent

General Electric profit falls 20 percent

Sluggish activity in oil and gas weighed on General Electric's third-quarter results Friday, offsetting strength in other businesses and pushing profits lower. Net income for the industrial conglomerate fell 20.4 percent to $2.0 billion. Revenues rose 4.4
Published 28 Oct, 2016 12:00am
General Electric profit falls 20 percent

General Electric profit falls 20 percent

Sluggish activity in oil and gas weighed on General Electric's third-quarter results Friday, offsetting strength in other businesses and pushing profits lower. Net income for the industrial conglomerate fell 20.4 percent to $2.0 billion. Revenues rose 4.4
Published 28 Oct, 2016 12:00am
CNOOC Q3 oil and gas revenue drops 15 percent on lower prices

CNOOC Q3 oil and gas revenue drops 15 percent on lower prices

China's offshore oil and gas specialist CNOOC Ltd reported on Wednesday a 15.2 percent fall in third-quarter oil and gas sales revenue, hurt by weaker prices, but expected a cautious rebound in oil prices to lift fourth-quarter revenue. Releasing its unau
Published 28 Oct, 2016 12:00am
Russian retail sales, wages exceed expectations in September

Russian retail sales, wages exceed expectations in September

Russia's retail sales fell further in September but at a slower pace, suggesting its economic contraction is easing, data from the federal statistics service showed on Wednesday. Russia's economy has passed the most acute phase of an economic crisis, spar
Published 28 Oct, 2016 12:00am
Thailand's September export surprise to bolster growth outlook

Thailand's September export surprise to bolster growth outlook

Thailand's exports unexpectedly rose for a second straight month in September on improved demand from key markets, a hopeful sign of a turning point for the country's exports and growth this year. Exports, worth about two-thirds of the Thai economy, have
Published 28 Oct, 2016 12:00am
British imports of cheap medicines dry up as pound falls

British imports of cheap medicines dry up as pound falls

The supply of cut-price branded prescription drugs into Britain is drying up as a sharp fall in sterling erodes profit margins for wholesalers engaged in the so-called parallel trade. Drugs, like other goods, can be freely traded across Europe's single ma
Published 28 Oct, 2016 12:00am
Kuwait telecom Zain profit rises in third quarter
Currency

Kuwait telecom Zain profit rises in third quarter

Kuwaiti telecoms giant Zain said Tuesday its net profits rose in the third quarter and the first nine months of 2016 despite regional conflicts and currency fluctuations. The company's net profit in the third quarter increased 12 percent to 43 million din
Published 28 Oct, 2016 12:00am
Kuwait telecom Zain profit rises in third quarter
Currency

Kuwait telecom Zain profit rises in third quarter

Kuwaiti telecoms giant Zain said Tuesday its net profits rose in the third quarter and the first nine months of 2016 despite regional conflicts and currency fluctuations. The company's net profit in the third quarter increased 12 percent to 43 million din
Published 28 Oct, 2016 12:00am
Hyundai Motor third quarter profit tumbles far short of estimates

Hyundai Motor third quarter profit tumbles far short of estimates

Hyundai Motor Co's quarterly net profit skidded to its lowest level in more than four years on a protracted strike at home and weakness in emerging markets, and it warned it may miss its sales targets for a second straight year. Falling far short of conse
Published 28 Oct, 2016 12:00am
Hyundai Motor third quarter profit tumbles far short of estimates

Hyundai Motor third quarter profit tumbles far short of estimates

Hyundai Motor Co's quarterly net profit skidded to its lowest level in more than four years on a protracted strike at home and weakness in emerging markets, and it warned it may miss its sales targets for a second straight year. Falling far short of conse
Published 28 Oct, 2016 12:00am
Asia flows boost shipping rates, displace US crude imports

Asia flows boost shipping rates, displace US crude imports

Robust Asian demand for West African crude is fuelling a world-wide surge in shipping rates for the largest oil tankers that is being felt from Houston to Singapore. Chartering rates for Suezmaxes and very large crude carriers (VLCCs) have recovered rapid
Published 28 Oct, 2016 12:00am
Argentina automotive sector struggles with Brazil demand: Fiat

Argentina automotive sector struggles with Brazil demand: Fiat

Argentina's auto production will likely fall 8 percent this year due to poor demand from neighbouring Brazil before showing modest improvements in 2017, an executive with Fiat Chrysler Automobiles said on Thursday. Cristiano Rattazzi, President of Fiat Ch
Published 28 Oct, 2016 12:00am
PSA sales down on China, Europe demand woes

PSA sales down on China, Europe demand woes

French carmaker PSA on Wednesday blamed falling demand in Europe and China, as well as exchange rate movements, in posting a drop in third-quarter sales. PSA, the second largest car manufacturer in Europe and behind the Peugeot, Citroen and DS brands, sai
Published 28 Oct, 2016 12:00am
Harley-Davidson plans to reorganise, reduce workforce

Harley-Davidson plans to reorganise, reduce workforce

Harley-Davidson Inc, facing falling motorcycle sales around the world, said on Tuesday it plans to streamline its operations, reorganize and reduce its workforce during the fourth quarter in a move that will cost the company $20 million to $25 million. Th
Published 28 Oct, 2016 12:00am
Africa's population boom fuels 'unstoppable' migration to Europe

Africa's population boom fuels 'unstoppable' migration to Europe

When German Chancellor Angela Merkel toured three African nations this week for talks on curbing migration to Europe, the leader of the world's poorest country, Niger, suggested it would take a "Marshall Plan" of massive aid to stop people coming. Merkel
Published 28 Oct, 2016 12:00am
Banks boost Gulf markets in weak global environment

Banks boost Gulf markets in weak global environment

Banking shares that were beaten down earlier this month by fears of slowing economic growth in the region boosted several Gulf stock markets on Thursday, despite weakness in Asian bourses and oil prices. The Saudi bank sector has been strong since last we
Published 28 Oct, 2016 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks declined on Thursday, tracking falls in overseas markets led by broad-based losses, while some investors locked in profits from recent gains. As of 0331 GMT, the main TAIEX index was down 0.6 percent at 9,315.21, after finishing down 0.3 per
Published 28 Oct, 2016 12:00am
Tokyo shares down

Tokyo shares down

Tokyo shares fell Thursday as investors took profits a day after the Nikkei closed at a six-month high, but IT firm Fujitsu soared almost eight percent as it said it was in talks to merge its PC with business with China's Lenovo. The Nikkei has rallied in
Published 28 Oct, 2016 12:00am
Apple drags S&P; Boeing lifts Dow

Apple drags S&P; Boeing lifts Dow

Quarterly results were the main driver for Wall Street on Wednesday as a decline in Apple shares weighed on the S&P 500 and Nasdaq, while the price-weighted Dow Industrials was buoyed by gains in Boeing. Apple, the world's largest exchange-traded company,
Published 28 Oct, 2016 12:00am
Hong Kong stocks down

Hong Kong stocks down

Hong Kong shares fell on Thursday as investors were spooked by an unexpectedly sharp drop in China's industrial profits. The Hang Seng index fell 0.8 percent, to 23,132.35, while the China Enterprises Index lost 0.9 percent, to 9,608.91 points. Most secto
Published 28 Oct, 2016 12:00am
Treasury yields rise on upbeat US data

Treasury yields rise on upbeat US data

US Treasury debt yields rose on Wednesday, bolstered by a fresh batch of economic data that enhanced the outlook for third-quarter US gross domestic product data due on Friday. Gains in US Treasury yields also spurred rises in other global bond markets. B
Published 28 Oct, 2016 12:00am
Treasury yields rise on upbeat US data

Treasury yields rise on upbeat US data

US Treasury debt yields rose on Wednesday, bolstered by a fresh batch of economic data that enhanced the outlook for third-quarter US gross domestic product data due on Friday. Gains in US Treasury yields also spurred rises in other global bond markets. B
Published 28 Oct, 2016 12:00am
Indian shares up

Indian shares up

India's benchmark BSE index snapped two sessions of losses and ended higher on Thursday while the broader NSE index cut early losses to close flat, helped by a recovery in financials towards the second half of the trading session. The NSE index ended unch
Published 28 Oct, 2016 12:00am
China stocks dip

China stocks dip

China stocks edged lower on Thursday, reversing some losses in the morning session, while investors remained cautious in the face of slowing industrial profit growth, persistent yuan weakness, and growing concerns over tighter liquidity. The bluechip CSI3
Published 28 Oct, 2016 12:00am
European shares end flat after choppy day, Amec sinks 20 percent

European shares end flat after choppy day, Amec sinks 20 percent

European shares steadied at the close on Thursday, with stronger pharmaceutical and banking stocks offsetting a slump in companies like Amec Foster and Berendsen. The pan-European STOXX 600 index ended flat in percentage terms after moving in and out of p
Published 28 Oct, 2016 12:00am
Australian shares plunge

Australian shares plunge

Australian shares closed at its lowest in a month on Thursday, after doubts over Opec's ability to organise a co-ordinated production cut weighed on oil prices, and National Australia Bank's positive results were unable to soothe sentiment. The S&P/ASX 20
Published 28 Oct, 2016 12:00am
Southeast Asian stocks mostly down

Southeast Asian stocks mostly down

Southeast Asian shares were largely lower on Thursday, in line with broader Asia, with the Philippine index losing ground for a sixth session as President Rodrigo Duterte's threats to the United States spooked investors. Asian shares fell after disappoint
Published 28 Oct, 2016 12:00am
FTSE boosted by Barclays, though mid-caps fall

FTSE boosted by Barclays, though mid-caps fall

Britain's top share index rose on Thursday in a choppy session, buoyed by well-received results from Barclays, though mid-cap stocks fell as earnings updates led to double-digit slides for AMEC Foster Wheeler and Berendsen. The bluechip FTSE 100 index was
Published 28 Oct, 2016 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee ended weaker on Thursday on importer demand for the US currency, but moral suasion by the central bank prevented a steeper fall, dealers said. Rupee forwards were active, with the one-week forwards ending at 148.40/50 per dollar compa
Published 28 Oct, 2016 12:00am
Dollar pauses against yen in Asia
Currency

Dollar pauses against yen in Asia

The dollar held steady near a three-month high against the yen on Thursday, as rises in US bond yields and expectations for the Federal Reserve to raise interest rates this year helped underpin the greenback. The dollar last stood at 104.49 yen. Earlier o
Published 28 Oct, 2016 12:00am
Swedish crown hits 6-1/2-year low in Europe
Currency

Swedish crown hits 6-1/2-year low in Europe

Sweden's crown hit a 6-1/2-year low against the euro on Thursday, after the central bank said the chances of another interest rate cut had increased and it was ready to expand its quantitative easing programme further. The Riksbank has already slashed rat
Published 28 Oct, 2016 12:00am
Dollar dips against majors in New York
Currency

Dollar dips against majors in New York

The US dollar dipped against a basket of major currencies on Wednesday, reflecting nervousness surrounding Federal Reserve monetary policy and the US election, a day after touching a nearly nine-month high. Analysts said expectations the Fed would raise i
Published 28 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. 78.40-78.42 (previous 78.40-78.40).
Published 28 Oct, 2016 12:00am
Sliding yuan drags Asia FX lower
Currency

Sliding yuan drags Asia FX lower

Most emerging Asian currencies fell on Thursday as China's yuan hit a six-year low in offshore markets, with the dollar just shy of this week's nine-month peak amid solid expectations of a US interest rate hike in December. The offshore renminbi touched 6
Published 28 Oct, 2016 12:00am
Sterling drops, gilt yields hit post-Brexit highs
Currency

Sterling drops, gilt yields hit post-Brexit highs

British gilt yields surged to a post-Brexit peak on Thursday, after data showed the economy had grown faster than expected in the third quarter, reducing the chances of an interest rate cut in the near term. Sterling rose to a high of $1.2273 immediately
Published 28 Oct, 2016 12:00am
Aussie lower

Aussie lower

The Australian dollar ticked lower on Thursday as a two-day rally fizzled out in the face of stubborn chart resistance above 77 US cents. The Australian dollar slipped 0.24 percent to $0.7630. It briefly touched a high of $0.7709 on Wednesday after steady
Published 28 Oct, 2016 12:00am
Defiant Sammy laments West Indies 'mess'

Defiant Sammy laments West Indies 'mess'

Former captain Darren Sammy said Thursday the West Indies were in a "mess" but insisted he had no regrets over a passionate speech that effectively ended his international career, adding he would "do it even better" if given another chance. The 32-year-ol
Published 28 Oct, 2016 12:00am
Three London gold medal winners disqualified for doping

Three London gold medal winners disqualified for doping

The International Olympic Committee on Thursday stripped three Kazakh weightlifters of gold medals won at the London 2012 Games for doping. Zulfiya Chinshanlo, Maiya Maneza and Svetlana Podobedova were all caught in new testing of hundreds of samples from
Published 28 Oct, 2016 12:00am
CAS Junior Squash begins

CAS Junior Squash begins

The 30th edition of the Chief of the Air Staff (CAS) National Junior Squash Championship, carrying a prize money of Rs 0.5 million, got under way here at PAF Hashim Khan Squash Complex on Thursday. Former World Champion and Vice President Pakistan Squash
Published 28 Oct, 2016 12:00am
BPL T20: PCB issues NOCs to 15 cricketers

BPL T20: PCB issues NOCs to 15 cricketers

Pakistan Cricket Board (PCB) has issued No Objection Certificates (NOCs) to as many as 15 cricketers including Shahid Afridi for participation in the upcoming BPL T20 2016. The players are: Khalid Lateef, Muhammad Sami, Shahzaib Hassan Khan, Rumman Raees,
Published 28 Oct, 2016 12:00am
Kerber, Cibulkova advance

Kerber, Cibulkova advance

Germany's Angelique Kerber continued her unbeaten run at the WTA Finals on Thursday, steamrolling rising American Madison Keys 6-3 6-3 to charge into the semi-finals of the season-ending championship. Still on a high after winning the US Open last month,
Published 28 Oct, 2016 12:00am
Kenya to host first international cricket in four years

Kenya to host first international cricket in four years

Kenya is set to play its first international cricket at home in four years against Hong Kong in a World Cricket League qualifier in Nairobi next month. The 50-overs November 18-20 match at Nairobi Gymmkana club ground will be the first since a series of a
Published 28 Oct, 2016 12:00am
Afridi, Ajmal miss out on new contracts

Afridi, Ajmal miss out on new contracts

Pakistan left out discarded Shahid Afridi and Saeed Ajmal from its list of central contracts announced on Thursday. The 36-year-old Afridi has not been selected since Pakistan's early exit from the World Twenty20 in India in April this year. The all-round
Published 28 Oct, 2016 12:00am
Italy in 'miraculous' escape after new quake

Italy in 'miraculous' escape after new quake

Italy on Thursday vowed to rebuild every home destroyed after a powerful earthquake that forced thousands to flee in terror but "miraculously" did not cause any fatalities. Two months after tremors in the same area left nearly 300 dead, two powerful shock
Published 28 Oct, 2016 12:00am
US reassures Asian allies no policy change on North Korea

US reassures Asian allies no policy change on North Korea

The United States on Thursday reassured its key Asian allies Japan and South Korea that its policy seeking North Korea's nuclear disarmament remains unchanged, after its intelligence chief called it a "lost cause". Washington has always maintained it cann
Published 28 Oct, 2016 12:00am
Maduro vows 40 percent pay hike to soothe unrest

Maduro vows 40 percent pay hike to soothe unrest

Venezuela's President Nicolas Maduro on Thursday promised workers a 40 percent rise in the minimum wage, after opponents seeking to drive him from power called for a general strike. "I decree and will sign a 40 percent overall rise in workers' legal minim
Published 28 Oct, 2016 12:00am
US Treasury chief warns on 9/11 law during Saudi visit

US Treasury chief warns on 9/11 law during Saudi visit

A United States law allowing victims of the September 11, 2001 attacks to sue Saudi Arabia could have "serious implications" for shared US-Gulf interests, a top Obama administration official said Thursday. US Treasury Secretary Jacob Lew made the comments
Published 28 Oct, 2016 12:00am
Man shot dead after stabbing outside US embassy in Kenya

Man shot dead after stabbing outside US embassy in Kenya

A man was shot and killed by Kenyan police outside the US embassy in the capital Nairobi on Thursday after stabbing an officer with a knife. "The man was shot after stabbing a GSU officer in the hand and left him with injuries," said local police chief Vi
Published 28 Oct, 2016 12:00am
Tunisia denies providing base for US drones over Libya

Tunisia denies providing base for US drones over Libya

Tunisia on Thursday denied a US news report it has allowed Washington to operate unmanned planes from its territory for missions in neighbouring Libya against the Islamic State group. "As part of Tunisian-US bilateral cooperation, we have acquired drones
Published 28 Oct, 2016 12:00am
Russia denies role in bloody strike on Syria school

Russia denies role in bloody strike on Syria school

Moscow on Thursday denied any involvement in bloody air strikes on a Syrian school as its relations with the West took another hit and the EU slapped more sanctions on its ally Damascus. UN Secretary-General Ban Ki-moon demanded an immediate probe into We
Published 28 Oct, 2016 12:00am
Up to 900 jihadists killed in Mosul battle: US

Up to 900 jihadists killed in Mosul battle: US

The United States said Thursday up to 900 Islamic State group jihadists have been killed in the offensive to retake Iraq's Mosul, as camps around the city filled with fleeing civilians. Iraqis who fled their homes expressed joy at escaping IS's brutal rul
Published 28 Oct, 2016 12:00am
Track-II diplomacy initiated to end ongoing impasse

Track-II diplomacy initiated to end ongoing impasse

A five-member delegation led by India's former external affairs minister Yashwant Sinha initiated a Track II diplomacy in restive India-held Kashmir to end an ongoing deadlock in the region, reports Chinese media on Thursday. The move is aimed at reaching
Published 28 Oct, 2016 12:00am
India committing worst atrocities in IOK: Shahbaz

India committing worst atrocities in IOK: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that India is committing worst atrocities against unarmed Kashmiri people in Occupied Kashmir through state terrorism and strongly condemned Indian occupation on Occupied Kashmir and brutalities of In
Published 28 Oct, 2016 12:00am
MQM London leader's arrest: SHC seeks comments from top officials

MQM London leader's arrest: SHC seeks comments from top officials

Sindh High Court (SHC) on Thursday sought comments from Home Secretary, Inspector General of Police (IGP) Sindh, Director General Rangers and others in response to a petition challenging the 30-day detention of Muttahida Qaumi Movement (MQM) London leader
Published 28 Oct, 2016 12:00am
Police clash with PTI activists after protest ban

Police clash with PTI activists after protest ban

In a first crackdown ahead of November 02 protest, Islamabad police and personnel of Frontier Constabulary (FC) Thursday baton charged Pakistan Tehreek-e-Insaf (PTI) workers, and rounded up about 50 youth including women. The police raided a hall at E-11
Published 28 Oct, 2016 12:00am
PTI approaches LHC against arrest of workers

PTI approaches LHC against arrest of workers

The Pakistan Tehreek-e-Insaf has approached the Lahore High Court against the arrests of party workers in the province ahead of its November 2 Islamabad lockdown plan. The PTI Lahore president, Walid Iqbal, submitted that the PTI is struggling for rule of
Published 28 Oct, 2016 12:00am
Manufacturing SMEs Smeda launches benchmarking services

Manufacturing SMEs Smeda launches benchmarking services

The Small and Medium Enterprises Development Authority (SMEDA)has launched benchmarking services for manufacturing SMEs in the country. According to SMEDA Deputy General Manager Ahmad Mansoor Chaudhry, these services would be provided by SMEDA as an exten
Published 28 Oct, 2016 12:00am
Government fully prepared to deal with PTI lockdown plan: LHC told

Government fully prepared to deal with PTI lockdown plan: LHC told

The federal government is fully prepared to deal with any situation arising out of Nov-2'lockdown' of Islamabad planned by the Pakistan Tehreek-e-Insaf. The Lahore High Court was told in a petition against the PTI's Islamabad lockdown call. The court adjo
Published 28 Oct, 2016 12:00am
Action against wine shops located inside residences sought

Action against wine shops located inside residences sought

The Patron-in-chief of Pakistan Hindu Council (PHC), Dr Ramesh Kumar Vankwani on Thursday called the sale of alcohol in the name of Non-Muslims is "blasphemous" act, and demands a complete ban throughout the year. He was commenting on the Sindh High Court
Published 28 Oct, 2016 12:00am
FBL profit after tax increases to Rs 929.904 million

FBL profit after tax increases to Rs 929.904 million

The profit after tax of Faysal Bank Limited (FBL) has increased to Rs 929.904 million in the quarter ended September 30, 2016 as compared to Rs 794.410 million earned in the same quarter in 2015. The board of directors of the bank, in its meeting held her
Published 28 Oct, 2016 12:00am
FBL profit after tax increases to Rs 929.904 million

FBL profit after tax increases to Rs 929.904 million

The profit after tax of Faysal Bank Limited (FBL) has increased to Rs 929.904 million in the quarter ended September 30, 2016 as compared to Rs 794.410 million earned in the same quarter in 2015. The board of directors of the bank, in its meeting held her
Published 28 Oct, 2016 12:00am
Hub Power Company Limited

Hub Power Company Limited

Hub Power Company is the largest Independent Power Producer (IPP) in the country with a combined power generation capacity of over 1600 MW. The company is listed on the Pakistan Stock Exchange with it its Global Depository Receipts (GDR's) also listed
Published 28 Oct, 2016 12:00am
Hub Power Company Limited

Hub Power Company Limited

Hub Power Company is the largest Independent Power Producer (IPP) in the country with a combined power generation capacity of over 1600 MW. The company is listed on the Pakistan Stock Exchange with it its Global Depository Receipts (GDR's) also listed
Published 28 Oct, 2016 12:00am
Radio show confronts 'endemic' ogling of women

Radio show confronts 'endemic' ogling of women

For many women in country, the simple act of leaving the house can be uncomfortable, even intimidating - the probing gaze of the opposite sex is never far away. Fed-up with the constant unwanted attention, broadcaster Anila Ansari decided to bring the tou
Published 28 Oct, 2016 12:00am
TDPs' repatriation to be completed by year-end: Jhagra

TDPs' repatriation to be completed by year-end: Jhagra

Governor Khyber Pakhtunkhwa Engr Iqbal Zafar Jhagra has said repatriation of temporary displaced persons (TDPs) is in process which will be completed till the end of this year. He was addressing the MoU signing ceremony between UNHCR and FATA Disaster Man
Published 28 Oct, 2016 12:00am
Senate body concerned at execution of two brothers

Senate body concerned at execution of two brothers

The Senate Committee on Human Rights on Thursday expressed serious concern over execution of two brothers - Ghulam Sarwar and Ghulam Qadir - even before Supreme Court set aside the death penalty and also demanded inquiry and punishment to the responsible.
Published 28 Oct, 2016 12:00am
Ali Asghar made IMC's CE

Ali Asghar made IMC's CE

Ali Asghar Jamali has become Chief Executive (CE) of Indus Motor Company Limited. He would assume charge from January 1, 2017. Anam Fatima Khan, Company Secretary IMC, has intimated Pakistan Stock Exchange (PSE) that the Board of Directors of IMC met on T
Published 28 Oct, 2016 12:00am
HRCP for halting execution of death row prisoner

HRCP for halting execution of death row prisoner

The Human Rights Commission of Pakistan (HRCP) has urged the authorities to halt the imminent execution of a mentally challenged death row prisoner who is scheduled to be hanged in Vehari on November 2. In a communication sent on Thursday, HRCP brought to
Published 28 Oct, 2016 12:00am
Pakistan Navy takes over command of CTF-151 for 8th time

Pakistan Navy takes over command of CTF-151 for 8th time

Pakistan Navy has taken over the Command of Multinational Combined Task Force 151 (CTF-151) for the 8th time from Republic of Korea (RoK) Navy at an impressive Change of Command ceremony held at HQ US NAVCENT, Bahrain. Commodore Muhammad Shuaib SI(M), too
Published 28 Oct, 2016 12:00am
JUI-F won't allow anyone to derail democracy: Fazl

JUI-F won't allow anyone to derail democracy: Fazl

Jamiat Ulema Islam (JUI-F) Chief Maulana Fazlur Rehman on Thursday said that they would not allow anyone to derail democratic system in the country. He was addressing a gathering at Nowshera, where he deeply criticised Pakistan Tehreek-e-Insaf chief Imran
Published 28 Oct, 2016 12:00am
35 girl students injured as bus overturns

35 girl students injured as bus overturns

At least 35 girl students were injured when a college bus turned turtle due to reckless driving here on Thursday. Police said that an over speeding bus carrying college girls from Baithak area of Palandri to Kotli overturned in Sarsawa area. As a result o
Published 28 Oct, 2016 12:00am
Sarhadi elected unopposed

Sarhadi elected unopposed

Zia-ul-Haq Sarhadi, Vice chairman, All Pakistan Customs Agents Association (APCAA), President, Frontier Customs Agents Group (FCAG) and Vice chairman, FPCCI standing committee on Customs' Agents has been elected unopposed senior vice president (SVP) of Pa
Published 28 Oct, 2016 12:00am
SECP places mutual fund returns on website

SECP places mutual fund returns on website

The Securities and Exchange Commission of Pakistan (SECP) w.e.f 30th September has uploaded returns of mutual funds during the first quarter of the FY 2016-17 on its official website. The objective is to provide necessary information to the retail investo
Published 28 Oct, 2016 12:00am
Qatari Defence Minister meets CoAS

Qatari Defence Minister meets CoAS

Minister of State for Defence Affairs Qatar, Dr Khalid Bin Muhammad Al Attiyah, on Thursday called on Chief of Army Staff (CoAS) General Raheel Sharif at General Headquarters. Matters of mutual interest including defence and security cooperation came unde
Published 28 Oct, 2016 12:00am
Dental moot opens at LUMHS today

Dental moot opens at LUMHS today

Sindh Chief Minister Syed Murad Ali Shah will inaugurate "The 4th International LUMHS Dental Conference" scheduled to be held on Friday (today) at Liaquat University of Medical & Health Sciences Jamshoro. The theme of the Conference "Maxillofacial Trauma
Published 28 Oct, 2016 12:00am
LDA demolishes five shops

LDA demolishes five shops

Staff of the Town Planning Wing of Lahore Development Authority demolished a total of five shops in the Johar Town area on Thursday which had been constructed on residential plots, in violation of the building regulations. These shops were razed at Samsan
Published 28 Oct, 2016 12:00am
Easypaisa introduces money transfer to any mobile number

Easypaisa introduces money transfer to any mobile number

In yet another instance of innovating mobile financial services landscape, Pakistan's first and largest branchless banking service Easypaisa has introduced money transfer from Easypaisa Account to any mobile number.
Published 28 Oct, 2016 12:00am
Meezan Bank's AR: second position in 'Best Corporate Report Awards'

Meezan Bank's AR: second position in 'Best Corporate Report Awards'

Meezan Bank's Annual Report (AR) 2015, based on the theme 'Infinite Possibilities' has been awarded the prize of being the 2nd Best Corporate Report in Pakistan's banking sector by the joint committee of Institute of Chartered Accountants of Pakistan (ICA
Published 28 Oct, 2016 12:00am
'Development projects being executed in Punjab on faster pace'

'Development projects being executed in Punjab on faster pace'

The Punjab Planning & Development Department remains committed to a development strategy that fulfils the needs and aspirations of the people while different development projects are being executed on a fast speed by the Punjab government.
Published 28 Oct, 2016 12:00am
Certain elements want to derail democracy: Shahbaz

Certain elements want to derail democracy: Shahbaz

Dream of economic development, progress and prosperity cannot be realised without maintaining peace. Agitations and dharnas will push the country back besides denting its soft image at the global level. This was crux of the speeches delivered at a seminar
Published 28 Oct, 2016 12:00am
LDA's One Window Cell shut for two days

LDA's One Window Cell shut for two days

One Window Cell of Lahore Development Authority will remain closed for public dealing for two days on Friday and Saturday, the 28th and 29th of October 2016. Public has been advised to not to come to the One Window Cell during these days to avoid inconven
Published 28 Oct, 2016 12:00am
International moot on medical education begins

International moot on medical education begins

A three-day international conference on medical education began at the University of Health Sciences (UHS), here on Thursday with 37 workshops organized on the first day in 16 different public and private sector medical institutions of the provincial metr
Published 28 Oct, 2016 12:00am
PTI caravan leaves for Islamabad

PTI caravan leaves for Islamabad

Pakistan Tehreek-e-Insaf (PTI) supporters left for Islamabad on Thursday to participate in the protest on November 2. The workers gathered at Data Darbar early Thursday morning. The caravan was seen off by former PTI Punjab president Ijaz Chaudhry and cen
Published 28 Oct, 2016 12:00am
LHC orders Punjab government to present audit report before PAC

LHC orders Punjab government to present audit report before PAC

The Lahore High Court on Thursday directed the principal secretary to chief minister, governor Punjab and others to produce the audit reports of district governments from 2013 till date before the Public Accounts Committee (PAC) of the Punjab Assembly.
Published 28 Oct, 2016 12:00am
ACS for resolving grievances of Overseas Pakistanis

ACS for resolving grievances of Overseas Pakistanis

Additional Chief Secretary Punjab Shamail Ahmed Khawaja held a video link conference to review the progress of the cases referred by the Overseas Pakistanis Commission (OPC) Punjab to the administration and Police high-up's of Lahore division at civil Sec
Published 28 Oct, 2016 12:00am
Case submitted to Nepra: Punjab industry may get power on cheap rates

Case submitted to Nepra: Punjab industry may get power on cheap rates

"Punjab Government has submitted a case to Nepra for supply of the electricity to industry on cheaper rates and it is hoped that entrepreneurs of Punjab would soon listen a good news. CPEC is a game changer project and we would have to avail this opportun
Published 28 Oct, 2016 12:00am
Sindh Bank 9 months pre-tax profit increases to Rs 1,776 million

Sindh Bank 9 months pre-tax profit increases to Rs 1,776 million

The Board of Directors of Sindh Bank in their meeting held on October 18, 2016considered and approved the accounts of the Bank for the nine months ended September 30, 2016. During the period under review, the Bank maintained satisfactory growth in deposit
Published 28 Oct, 2016 12:00am
Sindh Bank 9 months pre-tax profit increases to Rs 1,776 million

Sindh Bank 9 months pre-tax profit increases to Rs 1,776 million

The Board of Directors of Sindh Bank in their meeting held on October 18, 2016considered and approved the accounts of the Bank for the nine months ended September 30, 2016. During the period under review, the Bank maintained satisfactory growth in deposit
Published 28 Oct, 2016 12:00am
Q1 Lucky Cement records Rs 3.24 billion profit

Q1 Lucky Cement records Rs 3.24 billion profit

Lucky Cement Limited reported net profit of Rs 3.24 billion for the first quarter ended September 30, 2016 which is 9.1 percent higher than the same period last year. Consequently, the earnings per share (EPS) for the quarter increased to Rs 10.01 compare
Published 28 Oct, 2016 12:00am
Q1 Lucky Cement records Rs 3.24 billion profit

Q1 Lucky Cement records Rs 3.24 billion profit

Lucky Cement Limited reported net profit of Rs 3.24 billion for the first quarter ended September 30, 2016 which is 9.1 percent higher than the same period last year. Consequently, the earnings per share (EPS) for the quarter increased to Rs 10.01 compare
Published 28 Oct, 2016 12:00am
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