News Archives for Print - 2016-12-12

Pakistani Taliban militants have distributed pamphlets in parts of South Waziristan tribal region, issuing threats to the media persons in the area. The pamphlet again highlights the dangers to the lives of the tribal journalists and the freedom of expres

Published 12 Dec, 2016 12:00am

Panama Leaks case tarnishes judiciary's reputation, says Bilawal

Pakistan People's Party Chairman Bilawal Bhutto on Sunday lambasted the political opponents saying that he couldn't get along with 'those taking u-turns.' He also said that Panama Papers Leaks case was quite detrimental to the judiciary's reputation.

Published 12 Dec, 2016 12:00am

Eid-e-Milad offers retrospection for sublime values: Prime Minister

Prime Minister Nawaz Sharif has said that the Eid Milad-un-Nabi (Peace Be Upon Him) remind us about the golden principles of Islam which were practically illustrated in the life of Holy Prophet Hazrat Muhammad (PBUH).

Published 12 Dec, 2016 12:00am

Improved law & order brings people back to parks, says PML-N minister

Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb Sunday said people's confidence had restored as the law and order situation improved due to the PML-N government's efforts and increasing number of visitors to parks

Published 12 Dec, 2016 12:00am

Proposals for minorities, the disabled stuck due to treasury's disinterest

The Parliament passed laws for protection of children and women against sexual abuse and honour-killing, but the private members' proposals for welfare of minorities and disabled persons are stuck in the National Assembly, due to treasury's disinterest.

Published 12 Dec, 2016 12:00am

Senate meets on December 15

Chairman Senate, Mian Raza Rabbani has summoned the Senate of Pakistan to meet on Thursday, December 15. The session has been summoned on a requisition submitted by 36 senators.

Published 12 Dec, 2016 12:00am

Kazi Afaq elected Old Ravians' president

The Government College University's (GCU) alumni have elected the new Executive Committee of the Old Ravians Union (ORU) for session 2016-2018 with Qazi Afaq Hossain, the member Federal Service Tribunal and former federal secretary, as the president.

Published 12 Dec, 2016 12:00am

PSP leaders start mass contact drive

The Pak Sarzameen Party's leaders Syed Mustafa Kamal and Anees Qaimkhani visited different parts of Latifabad here on Sunday and invited the common people to attend the PSP's first public meeting in Hyderabad on December 23. Mustafa Kamal, Qaimkhani and o

Published 12 Dec, 2016 12:00am

Minister warns of legal action against insolent doctors

Provincial Minister for Specialised Healthcare & Medical Education Khawaja Salman Rafique said that legal action would be taken against those disgracing the sanctity of medical profession, trying to insult the teachers and creating hurdles in the treatmen

Published 12 Dec, 2016 12:00am

Lowari Tunnel closed for traffic due to snowfall

Due to heavy snowfall, Lowari Tunnel has been closed for all sorts of vehicular traffic leaving the largest district Chitral cut-off from the rest of country. The tunnel will remain open for traffic on Friday from 7:00 am to 7:00 pm.

Published 12 Dec, 2016 12:00am

EDB accused of allocating unchecked quota

The Directorate General Federal Audit has accused Engineering Development Board (EDB) of allotting unchecked quota of importable spare parts to the Original Equipment Manufacturers (OEMs) and recommended detailed scrutiny of items imported after availing

Published 12 Dec, 2016 12:00am

'No longer missing'

This is apropos a Business Recorder editorial "No longer missing' carried by the newspaper yesterday. The editorial argued, among other things, that "the India factor too impinges on the present approach to the problem. If for the sake of argument,

Published 12 Dec, 2016 12:00am

China faces battle over market economy status

China's battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing's deal to join the WTO expires Sunday. As China marks the 15th anniversary of its accession to the

Published 12 Dec, 2016 12:00am

The profundity of latest economic literature

Pakistan's federal finance ministers have generally opted for those policies/reforms that are supported by multilaterals/bilaterals that are politically the least challenging - as it facilitates borrowing - or implement outdated theories taught at the tim

Published 12 Dec, 2016 12:00am

Slow growth in FBR revenues

FBR put in a stellar performance in 2015-16. The target for the year was more than achieved. The growth rate was over 20%, the highest since 2011-12. In one year, the tax-to-GDP ratio was raised by one percentage point. The only disappointment, if any, wa

Published 12 Dec, 2016 12:00am

Fire at Karachi hotel

In yet another fire accident in Karachi, this time at a four-star hotel, at least 11 people died from inhaling smoke flowing through air conditioning ducts and 75 others were injured when a fire broke out in the wee hours of Monday in its kitchen located

Published 12 Dec, 2016 12:00am

Fighting chronic Malnutrition

In a deeply disturbing account of the prevalent levels of chronic malnutrition in this country, a recent newspaper report quotes the National Nutrition Survey, 2011, to show that one-third of all children in this country are underweight, nearly 44 percent

Published 12 Dec, 2016 12:00am

A worrisome gender gap among voters

Talking to the press the other day, Secretary of the Election Commission of Pakistan, Babar Yaqub Fateh, had some disconcerting information to disclose regarding the latest electoral rolls revision exercise. The gap between registered male and female vote

Published 12 Dec, 2016 12:00am

Racing: Japanese superstar Maurice clinches Hong Kong Cup

Japan's superstar Maurice clinched the Hong Kong Cup on Sunday at the city's Longines International Races, one of the world's richest race meetings with a total purse of HK$83 million. British jockey Ryan Moore stormed to victory in the last strides and f

Published 12 Dec, 2016 12:00am

Hussain Hamid win Quaid-e-Azam Amateur Golf title

The second All Pakistan Quaid-e-Azam Amateur Golf Championship came to a competitive conclusion at the Lahore Gymkhana Golf Course Sunday. Over the days of the championship, a total of 104 accomplished and skill loaded amateurs have striven hard to carve

Published 12 Dec, 2016 12:00am

Costa gem sends Chelsea back to the top

Diego Costa fired Chelsea back to the top of the Premier League as the Spain striker's late winner clinched a hard-fought 1-0 victory against West Bromwich Albion on Sunday.

Published 12 Dec, 2016 12:00am

Master Paints win Magic River Polo Cup

Master Paints outpaced Olympia by 10-5 in the main final to win the Magic River Polo Cup 2016 title here at the Lahore Polo Club (LPC) ground, here on Sunday.

Published 12 Dec, 2016 12:00am

Ronaldo declared 20m euros in Swiss banks

Cristiano Ronaldo declared income of over 225 million euros in 2015, including 20 million euros held in 22 Swiss bank accounts, a Spanish newspaper reported Sunday as the Real Madrid star battles accusations of tax evasion.

Published 12 Dec, 2016 12:00am

Ramos to the rescue as Real set 35-game unbeaten record

Real Madrid captain Sergio Ramos produced more late drama by powering home a stoppage-time winner to beat Deportivo la Coruna 3-2 as the European champions set a new club record of 35 games unbeaten in all competitions.

Published 12 Dec, 2016 12:00am

Tokyo starts construction of main Olympic stadium

Construction of the main stadium for the Tokyo 2020 Olympics officially started Sunday, more than a year after the original blueprints were torn up following public outcry over skyrocketing costs.

Published 12 Dec, 2016 12:00am

Joshua retains world heavyweight title, targets Klitschko

Anthony Joshua paved the way for a fight against Wladimir Klitschko next year by making quick work of Eric Molina in a third round win on Saturday. The Briton successfully defended his IBF world heavyweight title for a second time with another brutal demo

Published 12 Dec, 2016 12:00am

Kohli at the double as England wilt in India

Star batsman Virat Kohli smashed a massive double century before England slumped to 182-6 at stumps on day four as India closed in on victory in the fourth Test Sunday.

Published 12 Dec, 2016 12:00am

Preventing cancer spread: mouse study points to fat

Spanish scientists announced on Wednesday they may have identified a way to stop cancer from spreading, at least in mice, and said it could be linked to eating fat. Writing in the journal Nature, the team said they had discovered a type of tumour cell whi

Published 12 Dec, 2016 12:00am

Injections, implants tested as new weapons to prevent HIV

Scientists are taking the battle to prevent HIV to the next level with large-scale trials set to start using injections to protect vulnerable groups such as gay men and women in Africa for at least two months.

Published 12 Dec, 2016 12:00am

Even with one cigarette a day, odds of early death are higher

Smokers who go through much less than a pack of cigarettes a day still have a higher risk of an early death than non-smokers, a new study suggests. "There is no safe level of cigarette smoking," said lead study author Maki Inoue-Choi, a researcher at the

Published 12 Dec, 2016 12:00am

Earth's days getting longer, slower

Earth's days are getting longer but you're not likely to notice any time soon - it would take about 3.3 million years to gain just one minute, according to a study published on Wednesday. Over the past 27 centuries, the average day has lengthened at a rat

Published 12 Dec, 2016 12:00am

'Matching' DNA could make for healthier three-parent babies: study

Better matching the DNA of egg donors and recipient mothers-to-be may limit the risk of transferring disease-causing mutations to so-called three-parent babies, a study suggested on Wednesday.

Published 12 Dec, 2016 12:00am

Greenland's ice-free past exposes sea level rise danger

The massive Greenland ice sheet has melted away at least once during the last 1.4 million years, according to a study published on Wednesday, raising fears that manmade climate change could provoke dangerous sea levels.

Published 12 Dec, 2016 12:00am

Need to confess sins? New app in Spain finds nearest priest

Catholics seeking to confess their sins to a priest in Spain can now turn to a new app to find the nearest available cleric. Confesor GO detects a user's location and shows the location of priests around them who are ready to listen to their sins as well

Published 12 Dec, 2016 12:00am

Electric car manufacturer Tesla recalls charging adapters

US electric car manufacturer Tesla on Tuesday issued a recall of charging adapters for its electric cars which could be in danger of melting from overheating. The company's NEMA 14-30, 10-30, 6-50 adapters are all affected, according to a statement on the

Published 12 Dec, 2016 12:00am

Time runs out for smartwatch pioneer Pebble

Smartwatch pioneer Pebble announced Wednesday it was shutting down, with tech wearables giant Fitbit acquiring some of its assets including key personnel. "Due to various factors, Pebble is no longer able to operate as an independent entity. We have made

Published 12 Dec, 2016 12:00am

Facial recognition available to public for first time on mobile

For the first time ever, anyone can use real-time facial recognition technology on their phones to recognise people and unlock information about them - changing the way we communicate and connect to each other. Never before has technology combined augment

Published 12 Dec, 2016 12:00am

Apple Music attracts 20 million subscribers

Apple's streaming service says it has reached 20 million subscribers, showing quick growth as the tech titan tries to close in on sector leader Spotify. Apple Music launched in June 2015 as Apple, which revolutionised digital music with iTunes 15 years ag

Published 12 Dec, 2016 12:00am

China users complain of combustible iPhones: consumer watchdog

Several Chinese iPhone users have claimed that their handsets caught fire or exploded, according to a Shanghai consumer watchdog which called on tech giant Apple to address the complaints. Fresh on the heels of Samsung's world-wide Galaxy Note 7 safety fi

Published 12 Dec, 2016 12:00am

Apple reveals autonomous vehicle ambitions

Apple has revealed it is investing heavily in autonomous vehicles in a letter asking the government to make it easier to develop self-driving cars. The company is "excited about the potential of automated systems in many areas, including transportation,"

Published 12 Dec, 2016 12:00am

Thousands of Kenyan single mothers, widows use mobile money to escape poverty

Almost 200,000 Kenyan households, many headed by poor, rural women, have lifted themselves out of poverty using mobile money services, experts said on Thursday, calling for the technology to be introduced in other developing countries.

Published 12 Dec, 2016 12:00am

Car Company offering red light-reading vehicles in Las Vegas

On the theory that a driver who knows when a red light will turn green is more relaxed and aware, vehicle manufacturer Audi is unveiling this week in Las Vegas a technology that enables vehicles to "read" traffic signals ahead and tell the motorist how lo

Published 12 Dec, 2016 12:00am

Costco's profit beats on fresh food sales, switch to Visa

Warehouse club retailer Costco Wholesale Corp reported a better-than-expected quarterly profit, helped by higher margins from sale of fresh food and lower fees to credit card partner Visa Inc.

Published 12 Dec, 2016 12:00am

Brazil's MRV sees home sales cancellations halving

MRV Engenharia SA expects to more than halve the number of failed home sales in coming months, a sign that efforts by Brazil's No 1 low-income homebuilder to toughen terms for potential buyers will soon bear fruit, co-Chief Executive Officer Eduardo Fisch

Published 12 Dec, 2016 12:00am

Starbucks to add 12,000 cafes globally

US coffee giant Starbucks outlined plans on Wednesday to add 12,000 cafes globally by 2021, including a group of new premium stores that will showcase rare coffees and gourmet food.

Published 12 Dec, 2016 12:00am

Google meets renewable energy goal for global operations

Alphabet's Google is on track to purchase enough renewable energy to cover all its global electricity consumption next year, the company said on Tuesday. Google expects its purchases of wind and solar energy will be enough to cover its data centers and of

Published 12 Dec, 2016 12:00am

IKEA looks to $6 billion revamp to spur growth

The IKEA Group said on Wednesday it had sold key subsidiaries for 5.2 billion euros ($5.58 billion) as part of an overhaul to help the furniture retailer react to new competition and shifts in consumer preferences away from its vast out-of-town stores.

Published 12 Dec, 2016 12:00am

Dubai's Drake & Scull appoints PwC as adviser in turnaround move

PricewaterhouseCoopers (PwC) has been appointed as strategic adviser to Drake & Scull International (DSI) in a move sources said could lead to a range of options for the Dubai-based contractor including bringing in a minority investor or a debt restructur

Published 12 Dec, 2016 12:00am

Norwegian Air to order more Boeing, Airbus planes

Budget carrier Norwegian Air Shuttle plans to order more aircraft from Boeing and Airbus after its Irish subsidiary received long-awaited flying rights from US authorities, its Chief Executive told Reuters.

Published 12 Dec, 2016 12:00am

Ford releases for sale half of 10-speed F-150 stockpiled trucks

Ford Motor Co by Wednesday had released for sale more than half of the 15,000 F-150 pickup trucks with 10-speed transmissions that were held to ensure quality, a company spokeswoman said. Reuters reported on Tuesday that shipment of some of the 2017 model

Published 12 Dec, 2016 12:00am

Barclays bets on investment banking in Brexit UK

Barclays Plc is taking a contrarian bet that Britain's vote to leave the European Union will help it win more investment banking business in its home market, despite the sharp slowdown in deal activity since the referendum.

Published 12 Dec, 2016 12:00am

Tata Sons renews appeal for removal of Mistry from group companies

Tata Sons on Sunday renewed its appeal to shareholders of Tata group companies to remove Cyrus Mistry from their boards, saying that his presence as chairman "is likely to lead to fragmentation of the Tata Group".

Published 12 Dec, 2016 12:00am

Russia signs Rosneft deal with Qatar, Glencore

Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority (QIA) and commodities trader Glencore to sell a 19.5 percent stake in state-owned oil major Rosneft, Rosneft said.

Published 12 Dec, 2016 12:00am

Vietnam arrests five bankers

Vietnam has arrested five former bank employees for alleged mismanagement, including an ex-managing director and his deputy, the latest executives to be punished in the scandal-hit sector. Tran Phuong Binh, his deputy Nguyen Thi Ngoc Van and three others

Published 12 Dec, 2016 12:00am

Iraq invites bids to build first phase of oil export pipeline to Jordan

Iraq has invited energy companies and investors to bid to build and finance the first phase of a pipeline that will eventually connect the southern city of Basra with Jordan's Red Sea port of Aqaba.

Published 12 Dec, 2016 12:00am

Big banks in US could see fat payday under Trump

After eight years of unrelenting scrutiny and billions of dollars in legal settlements, the banking industry suddenly is facing a more hospitable political climate in Washington next year. Prior to November 8, Wall Street had been girding for a potential

Published 12 Dec, 2016 12:00am

Qatar to merge state-owned giant gas producers

Qatar, the world's largest liquefied natural gas producer, announced on Sunday it is to merge state-owned Qatargas and RasGas to create a "truly unique global energy operator".

Published 12 Dec, 2016 12:00am

Monte dei Paschi scrambles to thrash out last-ditch private capital increase

Italy's third biggest lender Monte dei Paschi di Siena was scrambling on Sunday to thrash out a last-ditch plan to raise 5 billion euros on the market by year-end after the European Central Bank refused to give it more time to recapitalise.

Published 12 Dec, 2016 12:00am

World's longest tunnel opens regular service in Switzerland

Regular rail service through the world's longest tunnel began on Sunday, carrying passengers deep under the Swiss Alps from Zurich to Lugano. The famed Gotthard Base Tunnel (GBT) had a ceremonial opening in June, attracting European leaders like German Ch

Published 12 Dec, 2016 12:00am

Currency

Central banks taking 'back seat' in crisis response: BIS

In the aftermath of this quarter's market rattling events, such as Donald Trump's election win, central banks "took a back seat", the Bank of International Settlements (BIS) said Sunday, describing the trend as "healthy".

Published 12 Dec, 2016 12:00am

CDS sellers pose bigger contagion risk than CCPs

Central counterparty clearing firms do not constitute a major source of systemic risk, a new study from the US Treasury shows, but large counterparties that are heavy net sellers of credit default swaps could pose a threat to the financial system, irrespe

Published 12 Dec, 2016 12:00am

CDS sellers pose bigger contagion risk than CCPs

Published 12 Dec, 2016 12:00am

Super-low bond yields in rear-view mirror but not surge time yet

Ultra-low, and in some cases negative, sovereign bond yields may soon be history, bond strategists are not expecting a major move higher without a leap in inflation, a Reuters poll showed on Tuesday.

Published 12 Dec, 2016 12:00am

Super-low bond yields in rear-view mirror but not surge time yet

Ultra-low, and in some cases negative, sovereign bond yields may soon be history, bond strategists are not expecting a major move higher without a leap in inflation, a Reuters poll showed on Tuesday.

Published 12 Dec, 2016 12:00am

Currency

Nigeria to finish Eurobond sale by end first quarter, make currency more flexible

Nigeria hopes to conclude the sale of a $1 billion Eurobond by the end of the first quarter of 2017 and will seek to make its foreign exchange market more flexible, vice president Yemi Osinbajo said on Tuesday.

Published 12 Dec, 2016 12:00am

Currency

Nigeria to finish Eurobond sale by end first quarter, make currency more flexible

Published 12 Dec, 2016 12:00am

Saudi, Qatar bourses gain after OPEC agrees with non-OPEC oil producers

Stock markets in Saudi Arabia and Qatar posted broad-based gains on Sunday after OPEC and non-OPEC oil producers a day earlier reached their first deal since 2001 to curtail oil output jointly in a drive to prop up prices.

Published 12 Dec, 2016 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.84-78.84 (previous 78.83-78.84).

Published 12 Dec, 2016 12:00am

Currency

Dollar near peak, US could slip into recession in 2017

The dollar's rally since the US election is likely to run out of steam soon and the damage from its strength in the past month could be enough to put the world's largest economy into a recession, an investment chief at Saxo Bank said on Monday. The dollar

Published 12 Dec, 2016 12:00am

Investment focus: among the shocks, steady global growth is the biggest surprise

In a year of political shocks, the unexpected strength of the global economy going into 2017 may be the most enduring surprise for financial markets.

Published 12 Dec, 2016 12:00am

Currency

Canadian dollar set to weaken as rate divergence upstages oil rally

The Canadian dollar will extend recent losses against its US counterpart over the coming months as expected monetary policy divergence overshadows higher prices for oil, one of Canada's major exports, a Reuters poll found.

Published 12 Dec, 2016 12:00am

Wall Street week ahead: Hawkish Fed a potential speed bump for stock bulls

Next week's Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the US stock market has seen since last month's presidential election.

Published 12 Dec, 2016 12:00am

Global leaders and laureates vow to take action to end child exploitation

Over 200 global leaders and laureates on Sunday pledged to use their voices to protect millions of exploited children across the world and take concrete action to improve their schooling, support those living in conflict and to end child labour.

Published 12 Dec, 2016 12:00am

China slams Japan after jets targeted with 'decoy flares'

China has slammed Tokyo for targeting its military aircraft with "decoy flares" over a waterway near Japan, calling the actions "dangerous and unprofessional".

Published 12 Dec, 2016 12:00am

Syrian army advances in Aleppo but rolled back in Palmyra

Syria's army pushed forward in Aleppo on Sunday as thousands fled rebel-held areas but its forces lost ground to the south where the Islamic State group recaptured the ancient city of Palmyra.

Published 12 Dec, 2016 12:00am

Chinese directors win top prizes at Marrakesh film festival

Two Chinese filmmakers won the top awards at the Marrakesh film festival this weekend, with Zang Qiwu's "The Donor" on the controversial issue of organ transplants taking the coveted Golden Star.

Published 12 Dec, 2016 12:00am

John Kerry given France's highest honour

US Secretary of State John Kerry has been given the Legion d'Honneur, France's highest honour, with his French counterpart calling him "the most French of American officials". At a ceremony in Paris on Saturday, French Foreign Minister Jean-Marc Ayrault a

Published 12 Dec, 2016 12:00am

'Romany music queen' dies

Esma Redzepova, the prominent and versatile Roma singer dubbed the "Romany music queen", has died at the age of 73, hospital sources and her family said Sunday. Redzepova was one of the first vocalists in the Balkans to sing in the Romany language and per

Published 12 Dec, 2016 12:00am

North Korea military drill targets South's presidential office

South Korea warned Sunday of "fatal" consequences for Pyongyang's leadership if provoked into conflict, after North Korean leader Kim Jong-Un oversaw a military drill simulating an attack on Seoul's presidential Blue House.

Published 12 Dec, 2016 12:00am

Gentiloni named as Italy's new prime minister

Paolo Gentiloni was named Sunday as Italy's new prime minister following reformist leader Matteo Renzi's resignation in the wake of a crushing referendum defeat.

Published 12 Dec, 2016 12:00am

Kyrgyzstan approves controversial constitution reform

Voters in Kyrgyzstan Sunday approved a raft of constitutional changes that strengthen the hand of President Almazbek Atambayev, suggesting a drift away from Western-style democracy in the Central Asian state.

Published 12 Dec, 2016 12:00am

Three Ukrainian troops killed in rebel east

Three Ukrainian soldiers were killed and two wounded in the country's rebel east, the bloodiest day for government forces in more than a month, Kiev said Sunday. "Over the past 24 hours three Ukrainian soldiers were killed in combat," military spokesman O

Published 12 Dec, 2016 12:00am

Algerian blogger jailed over Facebook poem dies

A British-Algerian journalist died Sunday after having staged a hunger strike to protest a two-year jail term for offending Algeria's president in a poem posted online, his lawyer said. "I can confirm the death of the journalist Mohamed Tamalt in Bab el-O

Published 12 Dec, 2016 12:00am

Somalia suicide truck bombing kills over 20

More than 20 people were killed Sunday in a suicide truck bombing in the Somali capital Mogadishu, police said, in a fresh strike claimed by the Al-Qaeda-linked Shabaab group. "The tally we have made so far indicates that more than 20 people, most of them

Published 12 Dec, 2016 12:00am

West cannot treat Russia as an equal partner: UK defence minister

Britain's defence minister said on Sunday he was ready to work with his new US counterpart but that Western nations could not treat Russia as an equal partner as Moscow was a strategic competitor.

Published 12 Dec, 2016 12:00am

Pakistani embassy in Washington holds Christmas dinner

The Pakistan Embassy and a Virginia-based community organisation held a Christmas dinner to acknowledge the important role played by Christian brothers and sisters in the national development of their motherland.

Published 12 Dec, 2016 12:00am

Mixed trend in prices of essential food commodities witnessed

A mix trend in prices of essential food commodities, including pulses, vegetable, sugar, chicken, eggs, has witnessed as rates of some items decreased while other increased slightly in retail market, according to survey conducted by Business Recorder <

Published 12 Dec, 2016 12:00am

Pakistan, Bahrain agree to deepen economic, trade ties

Pakistan and Bahrain have agreed to take bilateral co-operation in economic and trade sector to a new level by holding the Joint Ministerial Commission (JMC) meeting here during next month.
Published 12 Dec, 2016 12:00am

Sartaj upbeat on Pakistan's ties with Bahrain

Adviser to Prime Minister on Foreign Affairs, Sartaj Aziz on Sunday said, "Bahrain and other countries of the Gulf Co-operation Council can benefit from the opportunities offered by economic turnaround and connectivity projects in Pakistan."
Published 12 Dec, 2016 12:00am

'Universities foster competencies to make students productive citizen'

The 13th convocation of Bahria University Karachi Campus and the 7th Convocation of Pakistan Navy School of Logistics were held at Bahria University Campus, here on Saturday. As many as 866 degrees were awarded to the Undergraduate and Graduate students a
Published 12 Dec, 2016 12:00am

KP government completes geochemical exploration in northern, southern parts

In line with the policy of provincial government to promote the mining of minerals in the province, the Department of Mines and Minerals in Khyber Pakhtunkhwa has completed regional geochemical exploration covering an area of 70,000 km in the northern and
Published 12 Dec, 2016 12:00am

Police form monitoring committee for graveyards

The police on Sunday decided to form a committee to monitor the graveyards in Karachi. The move came after the matter of selling graves surfaced in Azizabad area. Police has stepped up the investigation in the issue. The committee will gather details rega
Published 12 Dec, 2016 12:00am

KP senator becomes first woman minister to get HR award

Senator Sitara Ayaz from Awami National Party awarded for National Award for human rights by President of Pakistan. Sitara Ayaz who is hailing from village Jhanda, District Swabi of Khyber Pakhtunkhwa was among the founders of Women Action Forum in Peshaw
Published 12 Dec, 2016 12:00am

Pakistani Navy ship saves lives in Gulf of Aden

Pakistan Navy Ship while deployed on Counter Piracy mission saved precious lives in Gulf of Aden. The ship was operating as a part of Combined Task Force 151 (CTF-151), an international Coalition Task Force of naval ships and aircraft formed under the UN
Published 12 Dec, 2016 12:00am

Preparations for Eid-e-Milad reach climax in Peshawar

The preparation for celebration of Eid-Milad-un-Nabi is reached its climax in provincial capital Peshawar, as bazaars and route of procession were decorated and illumined.
Published 12 Dec, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Sep 20

277.90

USD PKR Interbank Buying / Sep 20

277.70

USD to Japanese Yen / Sep 20

142.19

USD to Swiss Franc / Sep 20

0.85

Pound Sterling to USD / Sep 20

1.33

Euro to USD / Sep 20

1.12

Stock Volume

S&P 500 / Sep 19

5,713.64

Nasdaq / Sep 19

18,013.98

FTSE 100 / Sep 19

8,328.72

Dow Jones / Sep 19

42,025.19

Germany DAX 30 / Sep 19

19,002.38

France CAC40 / Sep 19

7,615.41

India Sensex / Sep 20

83,711.40

Tokyo Nikkei / Sep 20

37,879.54

Item Value

Gold 10 Grams PKR / Sep 19

230,195

Petrol/Litre / Sep 20

249.10

Crude Oil USD/Barrel / Sep 20

71.80

Karachi Cotton PKR/37.32 KG / Sep 20

18,935

Gold Spot USD/Ounce / Sep 20

2,599.47

Diesel/Litre / Sep 20

249.69

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Sep 20

786 Investments Limited(786)

5

▼ 0.00 (0.00%)

AL-Abbas Sugar / Sep 20

Al-Abbas Sugar Mills Limited(AABS)

585

▼ 0.00 (0.00%)

Agro Allianz / Sep 20

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Sep 20

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Sep 20

Ali Asghar Textile Mills Limited(AATM)

2.07

▼ 0.00 (0.00%)

Allied Bank / Sep 20

Allied Bank Limited(ABL)

87.10

▼ 0.00 (0.00%)

Abbott Lab. / Sep 20

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▼ 0.00 (0.00%)

Abson Ind. / Sep 20

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Sep 20

Alfalah Consumer Index ETF.(ACIETF)

9.84

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Sep 20

786 Investments Limited(786)

5

▲ 0.00 (0.00%)

AL-Abbas Sugar / Sep 20

Al-Abbas Sugar Mills Limited(AABS)

585

▲ 0.00 (0.00%)

Agro Allianz / Sep 20

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Sep 20

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Sep 20

Ali Asghar Textile Mills Limited(AATM)

2.07

▲ 0.00 (0.00%)

Allied Bank / Sep 20

Allied Bank Limited(ABL)

87.10

▲ 0.00 (0.00%)

Abbott Lab. / Sep 20

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▲ 0.00 (0.00%)

Abson Ind. / Sep 20

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Sep 20

Alfalah Consumer Index ETF.(ACIETF)

9.84

▲ 0.00 (0.00%)

Stock Volume

P.I.A.C.(A) / Sep 20

Pakistan International Airlines Corp(PIAA)

47,200,500

▲ 0.00

Cnergyico PK / Sep 20

Cnergyico PK Limited(CNERGY)

29,719,327

▲ 0.00

Pak Petroleum / Sep 20

Pakistan Petroleum Limited(PPL)

21,170,581

▲ 0.00

Pak Refinery / Sep 20

Pakistan Refinery Limited(PRL)

16,965,134

▲ 0.00

The Searle Co. / Sep 20

The Searle Company Limited(SEARL)

15,793,227

▲ 0.00

P.T.C.L. / Sep 20

Pakistan Telecommunication Company Ltd(PTC)

15,054,641

▲ 0.00

K-Electric Ltd. / Sep 20

K-Electric Limited(KEL)

14,145,556

▲ 0.00

WorldCall Telecom / Sep 20

Worldcall Telecom Limited(WTL)

13,158,668

▲ 0.00

Telecard Limited / Sep 20

Telecard Limited(TELE)

12,358,668

▲ 0.00

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Yesterday

Past 3 Days

Basmati price: Pakistan’s rice export boom ends after India’s move

Two Pakistani female peacekeepers honoured

FY2025 to FY29: External debt maturity estimated to be over $100bn

Pakistan’s power generation falls sharply amid rising costs, solarisation

NJLI Sarmaya Growth Fund Rates

Sales tax condonation for time limit: FBR issues ‘checklist’ for taxpayers

Moscow asks Islamabad to resist pressure from West

Rupee gains further ground against US dollar

TPL Corp, Abhi enter into SPA to acquire FINCA Microfinance Bank

NJLI Sarmaya Growth Fund Rates

‘The Review’ of SBP: Timely realization of IMF lending to help revive inflows

State of economy signals tougher times ahead

KSE-100 retreats after briefly hitting record high of 82,000

10pc tax credit allowed by SC to persons who imported, installed machinery till June 2019

Rupee closes below 278 against US dollar after over 5 months

KE supports entry of other Discos into Karachi

Fauji Foods Limited

Petroleum levy: a fifty billion rupees hole

NJLI Sarmaya Growth Fund Rates

Basmati price: Pakistan’s rice export boom ends after India’s move

Two Pakistani female peacekeepers honoured

FY2025 to FY29: External debt maturity estimated to be over $100bn

Pakistan long-term partner, but policy is to deny support to its long-range ballistic missile programme: US

Pakistan’s power generation falls sharply amid rising costs, solarisation

State of economy signals tougher times ahead

‘The Review’ of SBP: Timely realization of IMF lending to help revive inflows

KSE-100 retreats after briefly hitting record high of 82,000

Currency	Rate
USD PKR Interbank Selling / Sep 20	277.90
USD PKR Interbank Buying / Sep 20	277.70
USD to Japanese Yen / Sep 20	142.19
USD to Swiss Franc / Sep 20	0.85
Pound Sterling to USD / Sep 20	1.33
Euro to USD / Sep 20	1.12

Stock	Volume
S&P 500 / Sep 19	5,713.64
Nasdaq / Sep 19	18,013.98
FTSE 100 / Sep 19	8,328.72
Dow Jones / Sep 19	42,025.19
Germany DAX 30 / Sep 19	19,002.38
France CAC40 / Sep 19	7,615.41
India Sensex / Sep 20	83,711.40
Tokyo Nikkei / Sep 20	37,879.54

Item	Value
Gold 10 Grams PKR / Sep 19	230,195
Petrol/Litre / Sep 20	249.10
Crude Oil USD/Barrel / Sep 20	71.80
Karachi Cotton PKR/37.32 KG / Sep 20	18,935
Gold Spot USD/Ounce / Sep 20	2,599.47
Diesel/Litre / Sep 20	249.69

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00