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Print - 2016-10-29
Ryanair hits Brexit headwind as profit forecast cut
Currency

Ryanair hits Brexit headwind as profit forecast cut

Ryanair cut its full-year profit forecast by five percent Tuesday due to the pound's slump since Britain voted in June to exit the EU, heaping more turbulence on a troubled sector. "The primary cause of this slightly lower growth in full year (net) profit
Published 29 Oct, 2016 12:00am
Ryanair hits Brexit headwind as profit forecast cut
Currency

Ryanair hits Brexit headwind as profit forecast cut

Ryanair cut its full-year profit forecast by five percent Tuesday due to the pound's slump since Britain voted in June to exit the EU, heaping more turbulence on a troubled sector. "The primary cause of this slightly lower growth in full year (net) profit
Published 29 Oct, 2016 12:00am
Caterpillar earnings fall as mining slump grinds on

Caterpillar earnings fall as mining slump grinds on

Heavy equipment maker Caterpillar Inc on Tuesday said its earnings had again fallen sharply in the third quarter as the company grappled with the collapse in commodity prices. The company reported sales and revenues of $9.16 billion for the quarter, down
Published 29 Oct, 2016 12:00am
Kremlin-funded RT television says UK bank closing its accounts

Kremlin-funded RT television says UK bank closing its accounts

Kremlin-funded television network RT said Monday that Britain's NatWest bank is closing all its accounts in a unilateral decision that Moscow decried as politically motivated. "They have closed our accounts in Britain. All the accounts," wrote RT editor-i
Published 29 Oct, 2016 12:00am
Uganda economy to grow five percent 2016/17, 5.5 percent 2017/18: IMF

Uganda economy to grow five percent 2016/17, 5.5 percent 2017/18: IMF

Uganda's economy will grow by 5 percent in the 2016/17 (July-June) fiscal year, the International Monetary Fund forecast on Wednesday, trimming the forecast from 5.5 percent after state revenues missed targets and some major projects faced delays. The IMF
Published 29 Oct, 2016 12:00am
Uganda economy to grow five percent 2016/17, 5.5 percent 2017/18: IMF

Uganda economy to grow five percent 2016/17, 5.5 percent 2017/18: IMF

Uganda's economy will grow by 5 percent in the 2016/17 (July-June) fiscal year, the International Monetary Fund forecast on Wednesday, trimming the forecast from 5.5 percent after state revenues missed targets and some major projects faced delays. The IMF
Published 29 Oct, 2016 12:00am
Singapore media group SPH to cut 10 percent of staff

Singapore media group SPH to cut 10 percent of staff

Singapore Press Holdings (SPH) announced Monday that it would cut up to 10 percent of its staff following news of plunging profits, in the latest sign of tough times for global media organisations. The Asian media giant, which publishes The Straits Times
Published 29 Oct, 2016 12:00am
Beijing to merge chemicals giants

Beijing to merge chemicals giants

Beijing is planning a mega-merger of chemicals giants Sinochem and China National Chemical Corp in a massive deal that would reshape the chemicals industry, Bloomberg News reported Friday. The companies together would control assets worth more than $100 b
Published 29 Oct, 2016 12:00am
Danone reassures on margin as China challenges weigh on sales

Danone reassures on margin as China challenges weigh on sales

French food group Danone reported a worse than expected slowdown in quarterly sales growth on Tuesday as difficulties in China hurt its baby food and water divisions. The world's largest yoghurt maker reaffirmed full-year guidance, however, and its financ
Published 29 Oct, 2016 12:00am
Australia seen grabbing uninterrupted GDP growth record

Australia seen grabbing uninterrupted GDP growth record

Australia is forecast to enjoy at least another two years of solid economic growth, extending a quarter of a century without recession and dodging the deflation that dogs so many of its rich world peers. The latest Reuters poll found analysts expect Austr
Published 29 Oct, 2016 12:00am
Australian gaming giants merge to create betting powerhouse

Australian gaming giants merge to create betting powerhouse

Australian gambling giants Tabcorp and Tatts on Wednesday announced a merger to create an Aus$8.6 billion (US $6.6 billion) powerhouse taking bets on horse racing and sports events across the country. The listed firms, who have pursued the idea of closer
Published 29 Oct, 2016 12:00am
Russia may borrow in yuan this year for first time
Currency

Russia may borrow in yuan this year for first time

Russia may borrow Chinese yuan for the first time ever by the end of 2016, a Russian finance ministry official said, a step towards Moscow's ambition of using Asian credit markets to compensate for its limited access to Western funding. Russia needs new s
Published 29 Oct, 2016 12:00am
Italy cracks down on exploitation of Asian, African farm workers

Italy cracks down on exploitation of Asian, African farm workers

Italy has moved to crack down on the widespread exploitation of farm workers with tough new penalties for abuses to which immigrants from Africa and South Asia are particularly vulnerable. A law approved by parliament late Tuesday provides for mandatory p
Published 29 Oct, 2016 12:00am
As pound tumbles, UK faces sharp return of inflation
Currency

As pound tumbles, UK faces sharp return of inflation

Prices are going to rise in Britain. The only question now is by how much. The prospect that much-loved brands like Marmite spread and PG Tips tea might vanish from Tesco supermarkets is the first taste of what economists say will be rising inflation. Nex
Published 29 Oct, 2016 12:00am
Belgian regional parliament approves EU-Canada trade deal

Belgian regional parliament approves EU-Canada trade deal

Belgium's Wallonia region on Friday approved a landmark EU-Canada free trade agreement after marathon talks produced a compromise, clearing the way for the European Union to sign the pact. By 58 votes to five, parliament in Namur, south of Brussels, becam
Published 29 Oct, 2016 12:00am
Uber loses UK battle over drivers' rights

Uber loses UK battle over drivers' rights

Ride-sharing cab service Uber on Friday lost a British tribunal case brought by drivers demanding basic workers' rights, in a decision that could affect thousands of workers. The Central London Employment Tribunal ruled in favour of two drivers who argued
Published 29 Oct, 2016 12:00am
Uber loses UK battle over drivers' rights

Uber loses UK battle over drivers' rights

Ride-sharing cab service Uber on Friday lost a British tribunal case brought by drivers demanding basic workers' rights, in a decision that could affect thousands of workers. The Central London Employment Tribunal ruled in favour of two drivers who argued
Published 29 Oct, 2016 12:00am
China's big three airlines see Q3 profits surge

China's big three airlines see Q3 profits surge

China's three biggest airlines all reported surging net profits in the third quarter, statements showed, as the country's economy stablises. Net profit for China Southern, Asia's biggest airline by fleet size, leaped to 3.31 billion yuan ($425.1 million)
Published 29 Oct, 2016 12:00am
China's big three airlines see Q3 profits surge

China's big three airlines see Q3 profits surge

China's three biggest airlines all reported surging net profits in the third quarter, statements showed, as the country's economy stablises. Net profit for China Southern, Asia's biggest airline by fleet size, leaped to 3.31 billion yuan ($425.1 million)
Published 29 Oct, 2016 12:00am
China oil giant Sinopec Q3 net profit jumps six-fold

China oil giant Sinopec Q3 net profit jumps six-fold

Chinese oil giant Sinopec, Asia's biggest refiner, net profits leapt sixfold in the third quarter, it said Friday, as low crude prices lowered its costs. Net profit in the July to September period was 10.19 billion yuan ($1.5 billion), compared with 1.65
Published 29 Oct, 2016 12:00am
China oil giant Sinopec Q3 net profit jumps six-fold

China oil giant Sinopec Q3 net profit jumps six-fold

Chinese oil giant Sinopec, Asia's biggest refiner, net profits leapt sixfold in the third quarter, it said Friday, as low crude prices lowered its costs. Net profit in the July to September period was 10.19 billion yuan ($1.5 billion), compared with 1.65
Published 29 Oct, 2016 12:00am
S&P confirms British rating, warns on Brexit

S&P confirms British rating, warns on Brexit

Standard & Poor's maintained Friday its rating for Britain, having removed its coveted 'AAA' status after the June 23 EU exit referendum, and warned again over the impact of Brexit. S&P said in a statement that Britain's assessment remained at 'AA' with a
Published 29 Oct, 2016 12:00am
S&P confirms British rating, warns on Brexit

S&P confirms British rating, warns on Brexit

Standard & Poor's maintained Friday its rating for Britain, having removed its coveted 'AAA' status after the June 23 EU exit referendum, and warned again over the impact of Brexit. S&P said in a statement that Britain's assessment remained at 'AA' with a
Published 29 Oct, 2016 12:00am
Flat profits as China's big banks clean up bad loans, margins slip

Flat profits as China's big banks clean up bad loans, margins slip

China's biggest listed lenders, facing the country's slowest growth in more than a quarter century and rising borrower defaults, reported flat third-quarter profits as they moved to clean up bad debt on their balance sheets. They also came under pressure
Published 29 Oct, 2016 12:00am
Exports boost US growth in Q3; consumer spending slows

Exports boost US growth in Q3; consumer spending slows

The US economy grew at its fastest pace in two years in the third quarter as a surge in exports and a rebound in inventory investment offset a slowdown in consumer spending. Gross domestic product increased at a 2.9 percent annual rate after rising at a 1
Published 29 Oct, 2016 12:00am
Tokyo shares up as yen weakens

Tokyo shares up as yen weakens

Tokyo stocks closed higher Friday, with exporters boosted by a drop in the yen to three-month lows, while traders shrugged off another slack inflation reading. With bets increasing that the US Federal Reserve will hike interest rates by the end of the yea
Published 29 Oct, 2016 12:00am
US stocks dip as earnings pour in, consumer discretionary lags

US stocks dip as earnings pour in, consumer discretionary lags

US stocks dipped in a choppy session after the latest round of earnings reports, as a decline in the consumer discretionary sector and interest-rate sensitive stocks outweighed gains in healthcare names. The S&P 500 healthcare index rose 0.53 percent to h
Published 29 Oct, 2016 12:00am
Hong Kong stocks at two-month low

Hong Kong stocks at two-month low

Hong Kong shares slid to a two-month low on Friday, as sentiment was dampened by enhanced expectations the US Federal Reserve would raise interest rates by the year-end. The Hang Seng index fell 0.8 percent, to 22,954.81, while the China Enterprises Index
Published 29 Oct, 2016 12:00am
Treasury yields advance to five-month highs

Treasury yields advance to five-month highs

US Treasury debt yields climbed to roughly five-month peaks on Thursday, spurred by gains in German and British bonds as investors speculated that the Bank of England and the European Central Bank would both hold off on further easing measures.
Published 29 Oct, 2016 12:00am
Treasury yields advance to five-month highs

Treasury yields advance to five-month highs

US Treasury debt yields climbed to roughly five-month peaks on Thursday, spurred by gains in German and British bonds as investors speculated that the Bank of England and the European Central Bank would both hold off on further easing measures.
Published 29 Oct, 2016 12:00am
China stocks edge lower as investors digest Q3 results

China stocks edge lower as investors digest Q3 results

China stocks dipped on Friday, as investors sifted through a slew of corporate earnings to assess China's economic health, with weakness in big-cap infrastructure stocks offsetting strength in financials. The bluechip CSI300 index fell 0.1 percent, to 3,3
Published 29 Oct, 2016 12:00am
Indian shares up, buoyed by Tata group stocks

Indian shares up, buoyed by Tata group stocks

Indian shares ended higher on Friday, led by a recovery in Tata group stocks and a rise in Tech Mahindra Ltd following its September quarter results. The benchmark BSE index ended 0.09 percent up at 27,941.51, while the broader NSE index closed 0.26 perce
Published 29 Oct, 2016 12:00am
European shares back in the red for October on weak results

European shares back in the red for October on weak results

Weak corporate results weighed on European shares on Friday, while choppy trading in banking shares took away some of the sector's recent gains. Earnings disappointments from the likes of Novo Nordisk soured the mood, with the stock down 15 percent, the w
Published 29 Oct, 2016 12:00am
Australian shares hit by AMP, ANZ profit warnings

Australian shares hit by AMP, ANZ profit warnings

Australian shares ended lower on Friday and capped their biggest weekly loss in four months, dragged down by financials, after profit warnings from AMP Ltd and Australia and New Zealand Banking Group rattled market sentiment. The S&P/ASX 200 index fell fo
Published 29 Oct, 2016 12:00am
Southeast Asian stocks largely down

Southeast Asian stocks largely down

Most Southeast Asian stock markets ended lower on Friday tracking broader Asia, led by the Philippines, which fell for the seventh consecutive session, erasing some of its earlier losses in the latter half of the day. Philippine President Rodrigo Duterte'
Published 29 Oct, 2016 12:00am
FTSE edges higher as IAG boosts travel stocks

FTSE edges higher as IAG boosts travel stocks

Britain's top share index edged higher on Friday, led by a rise in airlines following an earnings update from IAG, though banks were also in focus after a busy week of earnings that saw the sector hold near its highest level of 2016. The FTSE 100 closed 0
Published 29 Oct, 2016 12:00am
Dollar climbs against yen in Asia

Dollar climbs against yen in Asia

The dollar traded near a three-month high versus the yen on Friday, on track for monthly gains against most rivals as investors waited for US third quarter growth data later in the day. Positive growth numbers would reinforce expectations that the US Fede
Published 29 Oct, 2016 12:00am
Dollar rises to three-month high against yen in Europe
Currency

Dollar rises to three-month high against yen in Europe

The dollar advanced to a three-month high against the yen on Friday, on track for monthly gains against most major currencies as investors waited for US third-quarter growth data later in the day. A solid number would give the Federal Reserve an opportuni
Published 29 Oct, 2016 12:00am
Early trade in New York: Dollar slips against euro, yen
Currency

Early trade in New York: Dollar slips against euro, yen

The US dollar slipped from a three-month high against the yen and fell against the euro on Friday after federal government data showing a deceleration in US consumer spending in the third quarter overshadowed a stronger-than-expected overall economic grow
Published 29 Oct, 2016 12:00am
Dollar surges against Swedish crown, yen in New York
Currency

Dollar surges against Swedish crown, yen in New York

The US dollar hit its highest in more than seven and a half years against the Swedish crown after dovish comments from Sweden's central bank, and hit a three-month high against the yen on expectations of a December Federal Reserve rate hike. Sweden's Riks
Published 29 Oct, 2016 12:00am
Yuan edges off six-year low

Yuan edges off six-year low

The yuan edged marginally off a six-year low on Friday as some Chinese banks judged that depreciation pressure on the yuan had ebbed temporarily, and sold dollars to offset demand from corporate clients, traders said. One-week yuan/dollar forwards, in bot
Published 29 Oct, 2016 12:00am
US tightening prospects slap Asia FX
Currency

US tightening prospects slap Asia FX

Most emerging Asian currencies eased on Friday as solid US economic data cemented expectations of a Federal Reserve's interest rate hike in December, hurting regional bonds. South Korea's won hit a 3-1/2-month low as foreign investors continued to sell do
Published 29 Oct, 2016 12:00am
Sterling hits eight-day low against euro
Currency

Sterling hits eight-day low against euro

Sterling hit an eight-day low against the euro on Friday, after Northern Ireland's High Court ruled that the law of the province did not restrict the British prime minister's ability to trigger an exit from the European Union. The court said the consent o
Published 29 Oct, 2016 12:00am
Aussie at two-week lows, kiwi struggles

Aussie at two-week lows, kiwi struggles

The Australian dollar touched a two-week low on Friday, staring at its second straight weekly loss as its US counterpart strengthened ahead of US third-quarter economic data. The Australian dollar held at $0.7593 after hitting a trough of $0.7579, its low
Published 29 Oct, 2016 12:00am
China's World Cup chances 'worrying': Lippi

China's World Cup chances 'worrying': Lippi

China's chances of qualifying for the 2018 World Cup finals in Russia are "not impossible but definitely worrying", new Italian coach Marcello Lippi said Friday. The 68-year-old, who won the tournament with his own country in 2006, was named the national
Published 29 Oct, 2016 12:00am
Sexism complaint upheld against former top British official

Sexism complaint upheld against former top British official

Former British Cycling technical director Shane Sutton had a complaint against him that he aimed "inappropriate and discriminatory language" at cyclist Jess Varnish upheld on Friday, the national governing body announced. The 59-year-old Australian - a ke
Published 29 Oct, 2016 12:00am
49th CISM World Military Sailing Championship 2016 commences

49th CISM World Military Sailing Championship 2016 commences

The opening ceremony of 49th CISM World Military Sailing Championship 2016 was held here on Friday. Commander Pakistan Fleet, Vice Admiral Syed Arifullah Hussaini graced the occasion as Chief Guest. Teams from nine nations including Bahrain, Finland, Neth
Published 29 Oct, 2016 12:00am
Coe admits concerns over WADA Rio findings

Coe admits concerns over WADA Rio findings

World athletics boss Sebastian Coe admitted on Friday that reports from the World Anti-Doping Agency alleging serious drug testing failings at the Rio Olympics made for "uncomfortable reading". But speaking in Qatar - where he received backing from the he
Published 29 Oct, 2016 12:00am
Hamilton fastest in Mexico, Rosberg in seventh

Hamilton fastest in Mexico, Rosberg in seventh

Defending champion Lewis Hamilton topped the times for Mercedes ahead of Sebastian Vettel of Ferrari in Friday's opening free practice for this weekend's Mexican Grand Prix. Championship leader Nico Rosberg, who leads Hamilton by 26 points with three race
Published 29 Oct, 2016 12:00am
Women cricket team for New Zealand tour, ICC Round 7 announced

Women cricket team for New Zealand tour, ICC Round 7 announced

Women's National Selection Committee comprising Farrukh Zaman and Urooj Mumtaz Khan has announced a 15-member women's cricket team for New Zealand tour and participation in 'ICC Women Championship (Round-7)' in Thailand to play Women Asia Cup 2016. Pakist
Published 29 Oct, 2016 12:00am
Johnson takes aim at 'toxic' culture under Clarke

Johnson takes aim at 'toxic' culture under Clarke

Retired pace spearhead Mitchell Johnson has slammed the Australian team culture under former captain Michael Clarke and coach Mickey Arthur as fractured and "toxic", saying the dynamics changed when Ricky Ponting retired. In his newly-released autobiograp
Published 29 Oct, 2016 12:00am
Radwanska seals last semi spot at WTA Finals

Radwanska seals last semi spot at WTA Finals

Poland's Agnieszka Radwanska overpowered Karolina Pliskova 7-5 6-3 on Friday to clinch the last available place in the semi-finals of the WTA tour championship and stay on course to defend the title she won last year. Radwanksa made a stunning comeback to
Published 29 Oct, 2016 12:00am
Younger tennis players still on the way

Younger tennis players still on the way

Even without Serena Williams and Maria Sharapova, the changing of the guard in women's tennis still seems a way little way off. At the WTA Finals in Singapore this week, the four oldest and most experienced players in the tournament filled the semi-finals
Published 29 Oct, 2016 12:00am
England stutter after Bangladesh collapse

England stutter after Bangladesh collapse

Tamim Iqbal scored his eighth Test century before Moeen Ali took 5-57 to spark a spectacular collapse as England dismissed Bangladesh for 220 runs on the first day of the second Test Friday. In a topsy-turvy day's play in Dhaka, opener Tamim made a quickf
Published 29 Oct, 2016 12:00am
Record migrant arrivals in Italy

Record migrant arrivals in Italy

October marked a record monthly high in the number of migrants arriving in Italy in recent years, with over 27,000 people reaching its shores. Italy's interior ministry released figures Thursday showing that 26,161 people - almost all from West Africa and
Published 29 Oct, 2016 12:00am
Remaining Jungle migrants relocated after two days in limbo

Remaining Jungle migrants relocated after two days in limbo

Most of the migrants left wandering the Calais "Jungle" as it was being demolished were relocated Friday, including dozens of minors over whom France and Britain had traded barbs. After being left to fend for themselves for two days in the deserted burnt-
Published 29 Oct, 2016 12:00am
Russian, US jets had near miss over Syria: US officials

Russian, US jets had near miss over Syria: US officials

A Russian fighter flew dangerously close to a US warplane over eastern Syria, US defence officials said Friday, highlighting the risks of a serious mishap in the increasingly crowded airspace. The near miss occurred late on October 17, when a Russian jet
Published 29 Oct, 2016 12:00am
Rebels in Aleppo attack; Putin cautious on new Russian raids

Rebels in Aleppo attack; Putin cautious on new Russian raids

Syrian rebels launched a major assault Friday aimed at breaking a months-long siege of opposition-held districts of Aleppo, as regime ally Russia held off on renewed air strikes. Rebel groups including the powerful Ahrar al-Sham faction and former al Qaed
Published 29 Oct, 2016 12:00am
Sudden spike in violence kills six in east Ukraine

Sudden spike in violence kills six in east Ukraine

Six people died in clashes between government forces and pro-Russian insurgents in Ukraine's separatist east, officials said Friday, the highest death toll since international peace talks held 10 days ago. The flare-up in the two-year conflict followed Ge
Published 29 Oct, 2016 12:00am
Archives suggest Israeli officials were Soviet spies

Archives suggest Israeli officials were Soviet spies

Archives from the Soviet-era spy agency KGB have suggested that a large spy network existed in Israel including lawmakers, engineers and an army general, an Israeli newspaper reported on Friday. A journalist from the daily Yediot Aharonot consulted archiv
Published 29 Oct, 2016 12:00am
Britain could hold second EU vote: former Prime Minister Blair

Britain could hold second EU vote: former Prime Minister Blair

Britain's former prime minister Tony Blair said Friday there was nothing preventing a second Brexit referendum and warned that the break-up would be "very, very tough" as European leaders were in an unforgiving mood. He called on fellow "Remain" supporter
Published 29 Oct, 2016 12:00am
Poland rejects EU demands on court crisis

Poland rejects EU demands on court crisis

Poland's foreign minister on Friday said his rightwing government rejects the EU executive's recommendations regarding how to solve a constitutional crisis that has raised concerns at home and abroad. "We don't agree with the one-sided interpretation made
Published 29 Oct, 2016 12:00am
Whaling watchdog concludes discordant meeting

Whaling watchdog concludes discordant meeting

The world's whaling watchdog concluded a typically discordant meeting Friday with defeats for both the pro- and anti-whaling camps, and the organisation's very purpose called into question. After a week marked by a classic standoff between whaling nations
Published 29 Oct, 2016 12:00am
Power cut blacks out Tajik capital

Power cut blacks out Tajik capital

A massive power cut on Friday blacked out Dushanbe, the capital city of the impoverished Central Asian country of Tajikistan, and surrounding regions, an AFP reporter said. "A serious breakdown occurred with the power supply. Emergency services are workin
Published 29 Oct, 2016 12:00am
UN reports IS executions as Mosul advance pauses

UN reports IS executions as Mosul advance pauses

Jihadists have killed scores of people and taken tens of thousands to use as human shields in the Mosul area, the United Nations said Friday, as Iraqi forces temporarily halted their advance on the city. Thousands of people have fled from areas surroundin
Published 29 Oct, 2016 12:00am
All-out efforts being made to create job opportunities: CM

All-out efforts being made to create job opportunities: CM

Sindh Chief Minister Syed Murad Ali Shah has said that all-out efforts are being made to create more job opportunities for the people of the province. Talking to media persons after attending the 4th International Dental Conference at Liaquat University o
Published 29 Oct, 2016 12:00am
Prime Minister urged to honour pledge of textile package

Prime Minister urged to honour pledge of textile package

Value-added textile industry has urged Prime Minister Nawaz Sharif for honouring pledge of Rs 170 billion textile package for exporters without further delay to rescue the major exporting sector of the country. Ijaz Khokhar, Chairman Pakistan Readymade Ga
Published 29 Oct, 2016 12:00am
BoP posts Rs 1,167.422 million PAT

BoP posts Rs 1,167.422 million PAT

The profit after tax of Bank of Punjab increased to Rs 1,167.422 million in the quarter ended September 30, 2016 as compared to Rs 918.782 million earned in the corresponding quarter in 2015. The board of directors of the bank, in its meeting declared tha
Published 29 Oct, 2016 12:00am
BoP posts Rs 1,167.422 million PAT

BoP posts Rs 1,167.422 million PAT

The profit after tax of Bank of Punjab increased to Rs 1,167.422 million in the quarter ended September 30, 2016 as compared to Rs 918.782 million earned in the corresponding quarter in 2015. The board of directors of the bank, in its meeting declared tha
Published 29 Oct, 2016 12:00am
'Say no to corruption': PIA training centre holds seminar

'Say no to corruption': PIA training centre holds seminar

PIA Training Centre on Friday arranged a lecture titled "Say no to corruption" especially for the trainees of its engineering and flight services departments. According to details, the lecture was delivered by Aliya Rasheed, DG Awareness and Prevention of
Published 29 Oct, 2016 12:00am
SECP introduces reforms to facilitate business community

SECP introduces reforms to facilitate business community

Securities and Exchange Commission of Pakistan (SECP) has introduced various reforms to facilitate the business community of the country. This was said by Commissioner SECP Tahair Mahmood, while speaking at a seminar on SECP at Federation of Pakistan Cham
Published 29 Oct, 2016 12:00am
Action against Sharmila: SHC extends interim order restraining ECP, NAB

Action against Sharmila: SHC extends interim order restraining ECP, NAB

Sindh High Court (SHC) on Friday extended its interim order restraining the Election Commission of Pakistan, the National Accountability Burea (NAB) and others from taking any adverse action against Pakistan People's Party (PPP) lawmaker Sharmila Farooqui
Published 29 Oct, 2016 12:00am
Silkbank posts Rs 1.32 billion operating profit

Silkbank posts Rs 1.32 billion operating profit

Silkbank Limited in its board meeting held on October 28, 2016 declared an operating profit of Rs 1.32 billion for the nine months ended September, 30, 2016. The Bank's profit before tax of Rs 783 million reflects a notable growth of 772 percent compared
Published 29 Oct, 2016 12:00am
Silkbank posts Rs 1.32 billion operating profit

Silkbank posts Rs 1.32 billion operating profit

Silkbank Limited in its board meeting held on October 28, 2016 declared an operating profit of Rs 1.32 billion for the nine months ended September, 30, 2016. The Bank's profit before tax of Rs 783 million reflects a notable growth of 772 percent compared
Published 29 Oct, 2016 12:00am
StanChart (Pakistan) posts Rs 12.1 billion profit before tax

StanChart (Pakistan) posts Rs 12.1 billion profit before tax

Standard Chartered Bank (Pakistan) Limited on Friday announced its results for third quarter and first nine months of 2016. The Bank continues to deliver resilient financial performance with a profit before tax of Rs 12.1 billion for the first nine months
Published 29 Oct, 2016 12:00am
StanChart (Pakistan) posts Rs 12.1 billion profit before tax

StanChart (Pakistan) posts Rs 12.1 billion profit before tax

Standard Chartered Bank (Pakistan) Limited on Friday announced its results for third quarter and first nine months of 2016. The Bank continues to deliver resilient financial performance with a profit before tax of Rs 12.1 billion for the first nine months
Published 29 Oct, 2016 12:00am
TIKA giving technical aid for garment courses: Tevta chief

TIKA giving technical aid for garment courses: Tevta chief

Chairperson Technical Education and Vocational Training Authority (TEVTA) Irfan Qaiser Sheikh has said that Turkish Cooperation and Coordination Agency (TIKA) is providing technical assistance in shape of latest expensive machinery and equipment for succe
Published 29 Oct, 2016 12:00am
Modernizing drug testing facility: Punjab CM reviews pace of work

Modernizing drug testing facility: Punjab CM reviews pace of work

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a high level meeting which reviewed the pace of modernizing the system of Drug Testing Lab. Senior Scientist of LGC Laboratories of Britain Alan J. Handley gave a briefing in this regard.
Published 29 Oct, 2016 12:00am
Revenue receipts increased by 45 percent in Punjab: minister

Revenue receipts increased by 45 percent in Punjab: minister

Provincial Minister for Finance, Dr Ayesha Ghaus Pasha has said that revenue receipts have increased by 45 percent while development expenditure by 31 percent in 2015-16 as a result of reforms in tax system. She expressed these views while addressing a me
Published 29 Oct, 2016 12:00am
Government promoting PPP to create new jobs: minister

Government promoting PPP to create new jobs: minister

Punjab Minister for Human Rights and Minorities Khalil Tahir Sindhu said that Punjab government is promoting public-private partnership to create maximum job opportunities. He said urban clusters can serve as engines of economic growth and provide employm
Published 29 Oct, 2016 12:00am
Ten die of alcohol poisoning

Ten die of alcohol poisoning

At least ten people died after some wedding guests consumed toxic alcohol on Thursday night when they were celebrating marriage function in Chirstian colony area.
Published 29 Oct, 2016 12:00am
Call to adopt precise agriculture policy to meet challenges

Call to adopt precise agriculture policy to meet challenges

Speakers at a workshop called for adopting precise agriculture policy to make the sector profitable and to meet the demand of increasing population that will double by 2050. They addressed the concluding session of workshop titled precision agriculture ar
Published 29 Oct, 2016 12:00am
PRGMEA wants implementation of Prime Minister's package for exporters

PRGMEA wants implementation of Prime Minister's package for exporters

Denouncing the Federal Board of Revenue and the Finance Ministry for opposing Prime Minister's Rs 170 billion packages for exporters, the value-added textile industry has asked the prime minister to announce the package without any further delay, appealin
Published 29 Oct, 2016 12:00am
The Weather

The Weather

The weather report on Friday (October 28, 2016) and the forecast for Saturday (October 29, 2016).

Published 29 Oct, 2016 12:00am
PRGMEA wants implementation of Prime Minister's package for exporters

PRGMEA wants implementation of Prime Minister's package for exporters

Denouncing the Federal Board of Revenue and the Finance Ministry for opposing Prime Minister's Rs 170 billion packages for exporters, the value-added textile industry has asked the prime minister to announce the package without any further delay, appealin
Published 29 Oct, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 28, 2016).

Published 29 Oct, 2016 12:00am
PPDWP okays scheme of Rs 16.83 million

PPDWP okays scheme of Rs 16.83 million

The Punjab Provincial Development Working Party (PPDWP) approved the development scheme of public private partnership (PPP) sector with an estimated cost of Rs 16.830 million. The scheme was approved in the 25th meeting of the PPDWP for the current fiscal
Published 29 Oct, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 28, 2016).

Published 29 Oct, 2016 12:00am
Call to redefine, develop professionalism in medical education

Call to redefine, develop professionalism in medical education

Higher Education Commission (HEC)'s Executive Director, Professor Dr Arshad Ali has said the concept of professionalism in medicine needs to adapt and change in an increasingly consumerist healthcare sphere. "A patient's trust in a doctor is no longer ass
Published 29 Oct, 2016 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 29 Oct, 2016 12:00am
PTEA concerned at containers' seizure

PTEA concerned at containers' seizure

Pakistan Textile Exporters Association (PTEA) has expressed grave concern over seizing of export containers en-route to and from Karachi Port by the police and other agencies in Punjab. This has put billions of rupees export orders on stake.
Published 29 Oct, 2016 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 29 Oct, 2016 12:00am
Italian team due in December to explore business opportunities

Italian team due in December to explore business opportunities

An Italian delegation comprising representatives of 80 companies from the textile, leather, footwear, infrastructure, Information Technology, renewable energy, agriculture, automotive sectors is visiting Pakistan on December 7. Deputy Trade Commissioner o
Published 29 Oct, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 28, 2016).

Published 29 Oct, 2016 12:00am
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