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Apr 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-11-26
Supermoon - the largest, brightest full moon in nearly seven decades

Supermoon - the largest, brightest full moon in nearly seven decades

From Beijing to Berlin, star gazers around the world admired the supermoon - the largest, brightest full moon in nearly seven decades - as it made its way across the skies on last Sunday and last Monday. In Australia, some sky-watchers climbed to the top
Published 26 Nov, 2016 12:00am
The art of becoming Santa

The art of becoming Santa

Randy Schneider has considered himself a professional Santa since 1999 when he found himself at a JCPenney store buying a beard and boots. Now, Schneider, 66, has a beard of his own. At the Charles W. Howard Santa Claus School in Midland, Michigan, some t
Published 26 Nov, 2016 12:00am
Singapore unveils self-driving scooter, ideal for phone-obsessed walkers

Singapore unveils self-driving scooter, ideal for phone-obsessed walkers

Researchers in Singapore have come up with a solution to curb accidents involving phone-obsessed walkers, a self-driving mobility scooter that drives single pedestrians along footpaths. The one-seater, four wheel, 50 kg (110 lbs) vehicle travels at a top
Published 26 Nov, 2016 12:00am
Villains and heroes: How 'Fantastic Beasts' mines 'Potter' world

Villains and heroes: How 'Fantastic Beasts' mines 'Potter' world

Confused about how new movie "Fantastic Beasts and Where to Find Them," out last Friday, may connect to the Harry Potter world? Who is new wizard hero Newt Scamander? Why does Grindelwald sound familiar? You can find many answers in your Hogwarts books, a
Published 26 Nov, 2016 12:00am
Prints and permits: graphics help bring Rowling's magical world to life

Prints and permits: graphics help bring Rowling's magical world to life

On a table in a London studio, copies of "The New York Ghost" newspaper lie beside a pile of applications for wand permits. Nearby a "Witch's Friend" magazine teases winter fashion trends. The items by graphic designers Miraphora Mina and Eduardo Lima are
Published 26 Nov, 2016 12:00am
Monroe's 'Happy Birthday Mr President' gown sold for $4.8 million

Monroe's 'Happy Birthday Mr President' gown sold for $4.8 million

The figure-hugging gown Marilyn Monroe wore to serenade President John F. Kennedy for his 45th birthday smashed its guide price to sell for $4.8 million at auction last Thursday. The flesh-colored dress, adorned with 2,500 hand-stitched crystals, had been
Published 26 Nov, 2016 12:00am
Honoree Marc Anthony brings Latin Grammys to feet

Honoree Marc Anthony brings Latin Grammys to feet

Marc Anthony, who decided at age seven to be a singer and has gone on to sell 12 million records, was honored last Wednesday at the Latin Grammys - and celebrated by bringing the crowd to its feet. The Latin Grammys named the 48-year-old salsa singer its
Published 26 Nov, 2016 12:00am
BRIDGE NOTES: Foresight to defend

BRIDGE NOTES: Foresight to defend

There are many hands in Bridge that keep coming as routine and are easily written off as of no consequence. But when an ordinary routine hand is turned into a flash buckling defense, it makes blazing headlines as did this hand from a Bermuda Bowl Champion
Published 26 Nov, 2016 12:00am
Italy floods wreak havoc, one feared dead

Italy floods wreak havoc, one feared dead

Flooding caused by torrential rain in northern Italy was feared to have claimed at least one victim Friday after a man was swept away by a swollen river near Turin. The elderly man was tending to horses in Perosa Argentina, a small town in the foothills o
Published 26 Nov, 2016 12:00am
Cotton futures slip
Cotton

Cotton futures slip

Cotton futures slipped to their lowest in over a week on Friday in lacklustre trading during an abbreviated session following the Thanksgiving holiday in the United States. The March cotton contract on ICE Futures US fell about 1.5 percent this week, mark
Published 26 Nov, 2016 12:00am
US MIDDAY: gold taps 9-1/2 month low
Currency

US MIDDAY: gold taps 9-1/2 month low

Gold prices steadied after falling to 9-1/2 month lows on Friday, heading for a third consecutive weekly decline as investors sold on factors including expectations of a US interest rate rise. Spot gold was down 0.03 percent at $1,182.88 an ounce by 2:15
Published 26 Nov, 2016 12:00am
US MIDDAY: soyabeans surge

US MIDDAY: soyabeans surge

Chicago Board of Trade soyabean futures rose on Friday to a new four-month high as stronger than expected weekly exports and an easing dollar provided support as trading resumed after a holiday closure. Soyabeans remained firm despite easing soyaoil futur
Published 26 Nov, 2016 12:00am
Gold tumbles in Europe
Currency

Gold tumbles in Europe

Gold prices tumbled to 9-1/2 month lows on Friday, heading for a for a third consecutive weekly decline as investors sold on factors including expectations of a US interest rate rise. Spot gold was up 0.4 percent at $1,188.14 an ounce at 1449 GMT as funds
Published 26 Nov, 2016 12:00am
Gold falls in Asia

Gold falls in Asia

Gold fell 1 percent to its lowest in 9-1/2 months in Asian trade on Friday, heading for a third consecutive weekly decline, on expectations of a Federal Reserve rate hike and as the dollar extended its bull run against the yen. Spot gold was down 0.4 perc
Published 26 Nov, 2016 12:00am
Arabica coffee falls to six-week low, raw sugar firms
Currency

Arabica coffee falls to six-week low, raw sugar firms

Arabica coffee futures on ICE fell for the third straight session on Friday, reaching a six-week low in quiet holiday weekend dealings as the currency of top grower Brazil fell. Raw sugar futures bounced up from the prior session's lowest level in nearly
Published 26 Nov, 2016 12:00am
Palm oil up nearly one percent on weaker ringgit
Currency

Palm oil up nearly one percent on weaker ringgit

Malaysian palm oil futures ended nearly 1 percent higher on Friday, recording a fifth consecutive session of gains due to persistent weakness in the ringgit and falling output. The contract climbed 5.7 percent this week, after a 3.53 decline in the previo
Published 26 Nov, 2016 12:00am
Rubber hits 1-1/2-year high

Rubber hits 1-1/2-year high

Benchmark Tokyo rubber futures touched a 1-1/2-year high on Friday as the yen fell to multi-month lows against the dollar, but ended lower on profit-taking though it still marked a 13 percent weekly gain. "The recent rally has been supported by the yen's
Published 26 Nov, 2016 12:00am
Oil falls two percent on Opec cut uncertainty

Oil falls two percent on Opec cut uncertainty

Oil prices fell more than 2 percent on Friday, dragged down by uncertainty over whether the Organisation of the Petroleum Exporting Countries will reach an output deal, after Saudi Arabia said it will not attend talks on Monday with non-Opec producers to
Published 26 Nov, 2016 12:00am
Zinc surges to highest in over 8-1/2 years, copper up

Zinc surges to highest in over 8-1/2 years, copper up

Zinc powered to its highest levels in more than 8-1/2 years on Friday on continued fund buying but analysts cautioned that prices were outrunning supply/demand fundamentals. Lead also extended its rally, hitting the strongest in 3-3/4 years. Zinc is the b
Published 26 Nov, 2016 12:00am
Shanghai zinc rises

Shanghai zinc rises

The most-traded zinc contract on the Shanghai Futures Exchange closed up 3.6 percent at 23,045 yuan ($3,333) a tonne on Friday on bets that demand was picking up faster than supply amid a broad-based rally across base metals. "Markets have long believed z
Published 26 Nov, 2016 12:00am
Government plans to set up food control authority: Khuhro

Government plans to set up food control authority: Khuhro

The government plans to set up a food control authority to examine grain standards and ensure quality edibles supplied to the public, Sindh Parliamentary Affairs and Food Minister, Nisar Khuhro told the Sindh Assembly on Friday. The authority will be a be
Published 26 Nov, 2016 12:00am
Sexual harassment not tolerable: Sindh Ombudsman

Sexual harassment not tolerable: Sindh Ombudsman

The Sindh Ombudsman Secretariat had resolved 260 out of 285 complaints received from working women of different organisations and institutes of the province. The remaining cases are under hearing and will be resolved soon, informed Provincial Ombudsman Si
Published 26 Nov, 2016 12:00am
6.7 million suffering from diabetes in Pakistan

6.7 million suffering from diabetes in Pakistan

Approxima-tely 6.7 million people are currently suffering from diabetes in Pakistan while world-wide 415 million people are suffering from diabetes and this burden will increase to 642 million people by 2045. This was stated by diabetician while addressin
Published 26 Nov, 2016 12:00am
Panama Papers 'Bill' hits another snag

Panama Papers 'Bill' hits another snag

'The Panama Papers Inquiries Bill, 2016' moved by the members of opposition parties hit another snag on Friday due to the absence of majority of the movers of the bill from the meeting of a Senate panel. The Senate Standing Committee on Law and Justice, w
Published 26 Nov, 2016 12:00am
Armed Forces bid farewell to General Rashad

Armed Forces bid farewell to General Rashad

A special ceremony was held at Joint Staff Headquarters, Chaklala as the Armed Forces of Pakistan bid farewell to General Rashad Mahmood, the outgoing Chairman Joint Chiefs of Staff Committee, who retires tomorrow after 41 years of commissioned service.
Published 26 Nov, 2016 12:00am
War on terror US envoy acknowledges military's achievements

War on terror US envoy acknowledges military's achievements

Chief of the Army Staff (CoAS), General Raheel Sharif on Friday convened a meeting with Ambassador of the United States (US), David Hale who acknowledged military's achievements in war on terror. The meeting took place in General Headquarters (GHQ) and di
Published 26 Nov, 2016 12:00am
UBL Funds gets award for Most Customer-Centric Asset Manager in Pakistan

UBL Funds gets award for Most Customer-Centric Asset Manager in Pakistan

UBL Fund Managers Limited (UBL Funds), one of Pakistan's leading asset management companies, has been recognised by an award for The Most Customer-Centric Asset Manager in Pakistan by The European in its prestigious Global Banking & Finance Awards 2016. T
Published 26 Nov, 2016 12:00am
UBL Funds gets award for Most Customer-Centric Asset Manager in Pakistan

UBL Funds gets award for Most Customer-Centric Asset Manager in Pakistan

UBL Fund Managers Limited (UBL Funds), one of Pakistan's leading asset management companies, has been recognised by an award for The Most Customer-Centric Asset Manager in Pakistan by The European in its prestigious Global Banking & Finance Awards 2016. T
Published 26 Nov, 2016 12:00am
Asian Ombudsmen Conference in Seoul in 2018

Asian Ombudsmen Conference in Seoul in 2018

Federal Insurance Ombudsman Pakistan Muhammad Raeesuddin Paracha has said that an Asian Ombudsmen Conference will be held in Korea's capital Seoul in 2018. Raeesuddin Paracha has recently attended the three-day International Ombudsmen Conference held in B
Published 26 Nov, 2016 12:00am
CM approves naming college after Shaheed Marium Mukkhtiar

CM approves naming college after Shaheed Marium Mukkhtiar

Sindh Chief Minister Syed Murad Ali Shah has approved naming of a college after Shaheed flying officer Marium Mukhtar. Sindh Chief Minister has approved a summary to name the newly constructed Government Girls College, adjacent to APWA School, Liaquatabad
Published 26 Nov, 2016 12:00am
Italian body, PSDC sign MoU to promote marble sector

Italian body, PSDC sign MoU to promote marble sector

The Italian Development Committee on Friday signed memorandum of understanding (MoU) with Pakistan Stone Development Company (PSDC) in the presence of Italian Consul in Karachi, Gianluca Rubagotti. The objective of the MoU is to ensure that the two entiti
Published 26 Nov, 2016 12:00am
SC acquits Mazhar - 24 years after he was charged with murder

SC acquits Mazhar - 24 years after he was charged with murder

Twenty-four years after he was charged with shooting dead Nisar Ahmed, 23, the Supreme Court acquitted Mazhar Farooq on Friday on the grounds that conviction was based on unsustainable evidence of the prosecution. The incident goes back to 1992 when Mazha
Published 26 Nov, 2016 12:00am
BSE taking all possible steps towards free, fair exams system: chief

BSE taking all possible steps towards free, fair exams system: chief

Dr Saeed Ahmed, Chairman Board of Secondary Education (BSE), has said that Board is taking all possible steps for free and fair examination system to promote the quality education in the country. While talking to a delegation of All Pakistan Clerks Associ
Published 26 Nov, 2016 12:00am
Balochistan: APNS praises raise in advertisement budget

Balochistan: APNS praises raise in advertisement budget

The All Pakistan Newspapers Society (APNS) expressed its pleasure on 40% increase in the advertising budget by the Chief Minister, Balochistan and welcomed his assurances for judicious release of advertisements to Balochistan based publications. Umer Muji
Published 26 Nov, 2016 12:00am
Member's travel abroad didn't entail any illegality: ECP

Member's travel abroad didn't entail any illegality: ECP

The Election Commission of Pakistan (ECP) on Friday reviewed some media reports claiming that Member Sindh Abdul Ghaffar Soomro travelled abroad while his name has not been removed from the Exit Control List (ECL) by the Ministry of Interior.
Published 26 Nov, 2016 12:00am
Sindh House to be built in Gilgit-Baltistan: CM Shah

Sindh House to be built in Gilgit-Baltistan: CM Shah

Sindh Chief Minister Syed Murad Ali Shah has decided, in principle, to construct Sindh House in Gilgit-Baltistan and own a tunnel in the area as "Sindh Tunnel" which is one of the routes of CPEC there. Shah announced his decision talking to Gilgit-Baltist
Published 26 Nov, 2016 12:00am
Turkish rescuers visit Rescue 1122's Headquarters

Turkish rescuers visit Rescue 1122's Headquarters

A delegation comprising senior emergency professionals of Turkish Emergency Services visited Rescue 1122's Headquarters, here on Friday. The delegation appreciated the role of Punjab Emergency Service regarding provision of emergency services to the citiz
Published 26 Nov, 2016 12:00am
Country facing issue of weak marketing of agri produce: UAF VC

Country facing issue of weak marketing of agri produce: UAF VC

The country was facing the issue of weak marketing for agricultural produce, marring getting reasonable prices not only domestically but also at the international market. This was stated by University of Agriculture Faisalabad Vice Chancellor Professor Dr
Published 26 Nov, 2016 12:00am
Job and Trade Fair 2016 held at Isra Hyderabad

Job and Trade Fair 2016 held at Isra Hyderabad

Career Development Center (CDC)of Isra university organised Job & Trade Fair at its Hyderabad campus on 25th November, 2016 from 9:00 am to 3:00 pm. CDC has been practicing this annual fair since 2014 as it believes in building bridge between unemployed y
Published 26 Nov, 2016 12:00am
Two Pakistani women receive Chirac Prize for 'Conflict Prevention'

Two Pakistani women receive Chirac Prize for 'Conflict Prevention'

Two young Pakistani women Gulalai Ismail and Saba Ismail, co-founder of NGO "Aware Girls" were conferred with the prestigious Chirac Prize for "Conflict Prevention" in Paris. Gulalai and Saba have been awarded in recognition of their contributions toward
Published 26 Nov, 2016 12:00am
KMC to remove encroachments from Meer Muhammad Baloch Park

KMC to remove encroachments from Meer Muhammad Baloch Park

Illegal constructions and encroachments inside and around the Meer Muhamamd Baloach Park in Aurangzeb Market area will be removed next Saturday. Karachi Metropolitan Corporation (KMC) made this announcement on Friday after it was decided at a KMC meeting
Published 26 Nov, 2016 12:00am
Sharjeel's name on ECL: SHC directs federal government to submit reply

Sharjeel's name on ECL: SHC directs federal government to submit reply

The Sindh High Court (SHC) on Friday directed federal government to submit written reply on a petition filed by Sindh former Information minister Sharjeel Inam Memon against placing his name on Exit Control List (ECL). A bench of SHC on Friday heard the p
Published 26 Nov, 2016 12:00am
PHE team praises Punjab health reforms agenda

PHE team praises Punjab health reforms agenda

A three-member delegation of Public Health England (PHE) in a meeting with provincial secretary specialised healthcare & medical education, has appreciated the steps taken by the Punjab government for development of health sector by following reforms agen
Published 26 Nov, 2016 12:00am
CoAS appreciates Multan, Bahawalpur Corps

CoAS appreciates Multan, Bahawalpur Corps

As part of his farewell visits, Chief of Army Staff (CoAS) General Raheel Sharif on Friday addressed officers and men of Multan and Bahawalpur Corps at the Okara Garrison. The CoAS appreciated their professionalism and dedication in maintaining an effecti
Published 26 Nov, 2016 12:00am
Monsanto Pakistan showcases latest bio-tech corn seed technology

Monsanto Pakistan showcases latest bio-tech corn seed technology

Monsanto Pakistan showcased its latest bio-tech corn seed technology together with high performance hybrid seed products to a galaxy of corn farmers at its research farm located at Manga Mandi near Lahore the other day. The main objective of the event was
Published 26 Nov, 2016 12:00am
Furniture sector: government will provide incentive package: Khurram

Furniture sector: government will provide incentive package: Khurram

Federal Commerce Minister Khurram Dastgir Khan has said that the government will provide a package of incentives and all out support to furniture sector to boost the export as well as improve the quality and design of handmade furniture at par with intern
Published 26 Nov, 2016 12:00am
'Addicts in Lahore consuming drugs worth over Rs 40 millin per day'

'Addicts in Lahore consuming drugs worth over Rs 40 millin per day'

Consumption of hard and soft drugs is increasing at an alarming pace in the provincial metropolis as addicts are consuming various drugs worth over Rs 40 million each day, claimed a consultant of anti-drugs and narcotics, Syed Zulfiqar Hussain, who runs a
Published 26 Nov, 2016 12:00am
ICAP organises meeting with leading corporate professionals

ICAP organises meeting with leading corporate professionals

The Institute of Chartered Accountants of Pakistan (ICAP) arranged an exclusive meeting with the leading professionals from the corporate sector at a local hotel. President ICAP, Nadeem Yousaf Adil was the Chief guest on the occasion. The event was largel
Published 26 Nov, 2016 12:00am
Honourable return of DPs in interest of Pakistan, Afghanistan: Khattak

Honourable return of DPs in interest of Pakistan, Afghanistan: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that honourable return of the Afghan refugees to their homeland is in the interest of both the countries and increase in refugees returns is due to better refugees package and border management. Re
Published 26 Nov, 2016 12:00am
Case against Faisal Abidi dismissed

Case against Faisal Abidi dismissed

The case of possession of illegal weapon against former senator Faisal Raza Abidi was dismissed on Friday on ground that the weapon was not illegal. The report submitted by Investigation Officer (IO) into magistrate's court to dismiss the case has been ap
Published 26 Nov, 2016 12:00am
System glitches: FBR approves new IT strategy for field staff

System glitches: FBR approves new IT strategy for field staff

The Federal Board of Revenue (FBR) has approved a new information technology (IT) strategy for the FBR which may resolve problems faced by field formations in slow uploading of returns and statements in their systems for data analysis. Sources told Bus
Published 26 Nov, 2016 12:00am
EPD launches drive against smoke-emitting vehicles

EPD launches drive against smoke-emitting vehicles

The Punjab Environment Department (EPD) launched a crackdown against smoke-emitting and noisy vehicles in the area of Grahi Shahu on Friday. The crackdown was led by Vice Chairman of the Department Ijaz Butt who said that objective of this move is to stop
Published 26 Nov, 2016 12:00am
KP saves Rs six billion in wheat purchasing: Lodhi

KP saves Rs six billion in wheat purchasing: Lodhi

Khyber Pakhtunkhwa Minister for Food, Qalandar Khan Lodhi Friday said that as per policy of the provincial government the process of punishment and reward has been started in the Food Department. Under the policy, he said more than dozen corrupt and compe
Published 26 Nov, 2016 12:00am
KP set to unveil long awaited youth policy

KP set to unveil long awaited youth policy

The provincial government of Khyber Pakhtunkhwa is going to announce its long awaited Khyber Pakhtunkhwa Youth Policy in a colorful ceremony to be held in Nishtar Hall on November 28, 2016. This was disclosed by Deputy Secretary Sports and Youth Affairs A
Published 26 Nov, 2016 12:00am
PITB to launch drive against corruption

PITB to launch drive against corruption

The Punjab government is soon launching a campaign on a large scale to eradicate corruption by including more departments in the Citizen Feedback Monitoring Program and establishing real time data in the existing call center of Punjab Information Technolo
Published 26 Nov, 2016 12:00am
Economy registers a steady growth: Ahsan

Economy registers a steady growth: Ahsan

Federal Minister for Planning, Development and Reforms Ahsan Iqbal said on Friday that economy of the country has seen a steady growth from 2.5 percent in 2013 to 4.8 percent last year which is the highest growth rate in the last eight years. Pakistan has
Published 26 Nov, 2016 12:00am
'NEPRA trying to promote competition-based electricity market'

'NEPRA trying to promote competition-based electricity market'

National Electric Power Regulatory Authority (NEPRA) is trying to promote a competition-based electricity market in Pakistan enabling consumers to purchase electricity from the company of their own choice, said Director Consumers Affairs, Engineer Imtiaz
Published 26 Nov, 2016 12:00am
Punjab food, USAID sign MoU to modernise grain storage

Punjab food, USAID sign MoU to modernise grain storage

Representatives from the Punjab Food Department (PFD), Government of Punjab, and the USAID-funded Punjab Enabling Environment Project (PEEP), signed a Memorandum of Understanding (MoU) to provide technical assistance for establishment of an efficient grai
Published 26 Nov, 2016 12:00am
Government committed to making CPEC a success: Bizenjo

Government committed to making CPEC a success: Bizenjo

Federal Minister for Port and Shipping Mir Hasil Khan Bizenjo has said that the government would ensure all out support and facility to the business community at the Gwadar Port to make the China-Pakistan Economic Corridor (CPEC) project successful.
Published 26 Nov, 2016 12:00am
LHC moved against expulsion of Turkish teachers

LHC moved against expulsion of Turkish teachers

A bar member Naveed Suhail Malik challenged the expulsion of Turkish teachers from Pakistan before the Lahore High Court (LHC) on Friday. The petitioner stated that the PakTurk Educational Foundation was running 28 schools in Pakistan which employed 130 T
Published 26 Nov, 2016 12:00am
Kashf Foundation wins 'European Microfinance Award'

Kashf Foundation wins 'European Microfinance Award'

Kashf Foundation, one of Pakistan's leading microfinance institutions, has been awarded the prestigious European Microfinance Award by the Luxembourg Ministry of Foreign and European Affairs. The award is a first-time win for Pakistan in recognition of th
Published 26 Nov, 2016 12:00am
Audit policy to open the floodgates for corruption: LCCI

Audit policy to open the floodgates for corruption: LCCI

The Lahore Chamber of Commerce and Industry has urged the Federal Board of Revenue (FBR) to avoid implementation of Audit Policy 2016 till the resolution of business community's reservations. "FBR should not act as trouble maker but to act as facilitator
Published 26 Nov, 2016 12:00am
PPDWP approves six uplift schemes worth Rs 11.57 billion

PPDWP approves six uplift schemes worth Rs 11.57 billion

The Punjab Provincial Development Working Party (PPDWP) approved six development schemes of various sectors with an estimated cost of Rs 1157.073 million. The schemes were approved in the 33rd meeting of PPDWP of current fiscal year 2016-17. Provincial Se
Published 26 Nov, 2016 12:00am
Zardari may return after Benazir's death anniversary: Chandio

Zardari may return after Benazir's death anniversary: Chandio

Advisor to Sindh chief minister on information Moula Bux Chandio has said on Friday that Pakistan Peoples Party's chairman Bilawal Bhutto Zardari is expected to contest the by-election from Larkana. "Bilawal Bhutto is expected to contest by-election from
Published 26 Nov, 2016 12:00am
Kashmir issue: Hafiz Saeed moves Supreme Court against government

Kashmir issue: Hafiz Saeed moves Supreme Court against government

Chief of Jamatud Dawa Hafiz Saeed on Friday approached the Supreme Court seeking directions against the government to raise the issue of Kashmir at international forums. The petitioner through his counsel, Azhar Siddique, submitted that Indian forces were
Published 26 Nov, 2016 12:00am
PIA holds passing-out ceremony for 15 airhostesses

PIA holds passing-out ceremony for 15 airhostesses

Pakistan International Airlines (PIA) on Friday organised the passing out ceremony for 15 freshly recruited airhostesses. According to details, CEO PIA Bernd Hildenbrand was the chief guest at the passing out ceremony of the 375th batch of female Flight S
Published 26 Nov, 2016 12:00am
KATI admires efforts of CoAS for peace

KATI admires efforts of CoAS for peace

President of Korangi Association of Trade & Industry (KATI), Masood Naqi has expressed hope that the successor of General Raheel will follow his foot prints. Praising the outgoing CoAS General Raheel Sharif for his services, he said that his hard work for
Published 26 Nov, 2016 12:00am
Defence sector: 'Self-sufficiency achieved in many fields'

Defence sector: 'Self-sufficiency achieved in many fields'

Pakistan has achieved self-sufficiency in many fields of defence sector, said Lieutenant General Syed Muhammad Owais (Rtd), HI (M) Secretary Defence Production. He was speaking at the closing ceremony of IDEAS 2016 held at the Expo Center, Karachi. He sai
Published 26 Nov, 2016 12:00am
'Pakistan facing serious economic challenges'
Cotton

'Pakistan facing serious economic challenges'

Ateeq Ur Rehman, a trade analyst and a banking advisor to Karachi Chamber of Commerce and Industry (KCCI) has said that current policy rate of 5.75 percent is four decades-low. He proposed that an increase in the rates by 0.25 basic points will be a welco
Published 26 Nov, 2016 12:00am
MoF's reply to a response

MoF's reply to a response

Dr Ashfaque H. Khan, Dr Hafiz A Pasha and Dr Salman Shah in a reply to MoF's response to their article have mentioned that they were expecting a response from the IMF but instead the MoF responded to their article. In their reply, they have repeated the s
Published 26 Nov, 2016 12:00am
Putin hands action star Seagal Russian passport

Putin hands action star Seagal Russian passport

President Vladimir Putin on Friday personally handed a new Russian passport to US action star Steven Seagal and said he hoped the gesture showed a "normalisation" of strained relations with Washington. Sitting at a round table in the Kremlin at a televise
Published 26 Nov, 2016 12:00am
Monte dei Paschi cash call concerns persist despite approval

Monte dei Paschi cash call concerns persist despite approval

Doubts about whether Monte dei Paschi di Siena would find buyers for a 5 billion euro ($5.3 billion) recapitalisation plan drove shares in the Italian bank down more than 7 percent on Friday. Under the plan approved by shareholders of Italy's oldest bank,
Published 26 Nov, 2016 12:00am
Taiwan stocks soar

Taiwan stocks soar

Taiwan stocks rose on Friday, tracking Asian stocks that were steady as the Thanksgiving break in the United States pegged the dollar's relentless surge that had sucked capital out of most emerging markets. As of 0152 GMT, the main TAIEX index rose 0.3 pe
Published 26 Nov, 2016 12:00am
Short-dated German yield hits low in biggest two-week fall since 2013

Short-dated German yield hits low in biggest two-week fall since 2013

Germany's two-year government bond yield set a new record low to cap its biggest two-week fall in more than three years on Friday, highlighting demand for top-rated assets even as global bond markets take a beating. Demand for German debt for use as colla
Published 26 Nov, 2016 12:00am
Short-dated German yield hits low in biggest two-week fall since 2013

Short-dated German yield hits low in biggest two-week fall since 2013

Germany's two-year government bond yield set a new record low to cap its biggest two-week fall in more than three years on Friday, highlighting demand for top-rated assets even as global bond markets take a beating. Demand for German debt for use as colla
Published 26 Nov, 2016 12:00am
Britons chase Black Friday bargains online

Britons chase Black Friday bargains online

British retailers reported strong online demand in early "Black Friday" trading, as shoppers chased deals in a spending spree that is expected to top last year's record level. Shoppers are looking for bargains ahead of an expected rise in prices in 2017 a
Published 26 Nov, 2016 12:00am
Dawn queues, traffic jams as Black Friday debuts in Greece

Dawn queues, traffic jams as Black Friday debuts in Greece

Long queues snaked outside department stores and roads were blocked near malls thousands of Greeks bucked falling wages and joblessness to join the country's first-ever Black Friday shopping craze. In Athens, Thessaloniki and other major Greek cities, the
Published 26 Nov, 2016 12:00am
US stores far from overwhelmed as Black Friday sales begin

US stores far from overwhelmed as Black Friday sales begin

Crowds were thin at US malls and stores on Black Friday morning, formerly the traditional start of the holiday shopping season, with stores opening earlier and online sales expected to take the biggest share of gains in retail sales over last year. In the
Published 26 Nov, 2016 12:00am
UK firms show no Brexit vote hit in Q3 as investment grows

UK firms show no Brexit vote hit in Q3 as investment grows

British companies brushed off the uncertainty over Brexit in the three months after June's referendum and increased their investment, helping to drive solid growth in the economy, official data showed on Friday. Business investment expanded at a quarterly
Published 26 Nov, 2016 12:00am
Italian lawmakers defy Brussels, back spending budget

Italian lawmakers defy Brussels, back spending budget

Italian deputies on Friday voted overwhelmingly in favour of a draft 2017 budget that the European Commission has warned will breach EU rules on the management of public finances. A vote of confidence designed to curtail debate on the first reading of the
Published 26 Nov, 2016 12:00am
Russia cements leading China oil supply position

Russia cements leading China oil supply position

Russia is cementing its position as the main oil supplier to China, the world's biggest net importer and growth market for the fuel, taking over the lead from Saudi Arabia in the first 10 months of the year, customs data showed on Friday. Russia also took
Published 26 Nov, 2016 12:00am
Tata Steel removes Mistry as chairman
Currency

Tata Steel removes Mistry as chairman

India's Tata Steel removed Cyrus Mistry as chairman of its board Friday, as uncertainty grows over the fate of its huge loss-making British assets. The move comes after Mistry was unceremoniously sacked last month as chairman of Tata Sons, the holding com
Published 26 Nov, 2016 12:00am
Australian banks admit to Malaysia currency 'cartel', pay fines
Currency

Australian banks admit to Malaysia currency 'cartel', pay fines

Two Australian banks have offered to pay fines for "cartel conduct" when trading foreign exchange contracts for the Malaysian ringgit, in the latest controversy engulfing banks and their manipulation of foreign exchange rates. Australia's No 1 investment
Published 26 Nov, 2016 12:00am
Singapore charges three with $5.6 billion market manipulation

Singapore charges three with $5.6 billion market manipulation

Three people whose alleged fraud wiped $5.6 billion off the Singapore stock exchange were charged Friday with manipulating the market. Malaysian John Soh Chee Wen and Singaporean Quah Su-Ling are accused of being the "masterminds" behind a plot that invol
Published 26 Nov, 2016 12:00am
Lego opens first toy brick factory in China

Lego opens first toy brick factory in China

Lego's first Asian factory opened in China Friday, the company said, a year after the Danish firm found itself embroiled in controversy over refusing to sell toy bricks to provocative Chinese artist Ai Weiwei. Only the fifth Lego factory in the world, the
Published 26 Nov, 2016 12:00am
Top Kenyan official slapped with theft charges

Top Kenyan official slapped with theft charges

The deputy chairman of Kenya's Olympic committee was on Friday charged with stealing money and Nike sportswear intended for the team at the Rio Olympic Games. Bernard Ekumbo is the fourth official from the National Olympic Committee of Kenya (NOCK) to be
Published 26 Nov, 2016 12:00am
Fitch drops South Africa outlook to negative on political risks

Fitch drops South Africa outlook to negative on political risks

International credit rating firm Fitch dropped its outlook for South Africa from stable to negative on Friday, citing the country's recent political turmoil under President Jacob Zuma. Zuma has been engulfed by graft scandals and a power struggle with Fin
Published 26 Nov, 2016 12:00am
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