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Print - 2017-01-25
Alibaba revenue surges 54 percent to $7.7 billion

Alibaba revenue surges 54 percent to $7.7 billion

Chinese e-commerce giant Alibaba said Tuesday its revenues leapt 54 percent year-on-year for the quarter ended in December, spurred by rapid growth in Chinese online shopping. Revenue for the company, seen as a benchmark for China's increasingly crucial c
Published 25 Jan, 2017 12:00am
CTP arranges awareness traffic seminar

CTP arranges awareness traffic seminar

The City Traffic Police Lahore (CTP) on Tuesday arranged an awareness seminar at the government collage for women to highlight the causes of violation of traffic rules and regulation.
Published 25 Jan, 2017 12:00am
PPDWP approves Rs 560.66 million uplift scheme

PPDWP approves Rs 560.66 million uplift scheme

The Punjab Provincial Development Working Party (PPDWP) Tuesday accorded approval of development scheme of Youth Affairs, Sports, Archeology & Tourism (YASAT) sector with an estimated cost of Rs. 560.66 million.
Published 25 Jan, 2017 12:00am
USAID celebrates achievements of five-year dairy project

USAID celebrates achievements of five-year dairy project

The United States Agency for International Development's (USAID) five-year dairy project implemented by the agency in collaboration with the government of the Punjab and Nestle Pakistan for improvement of dairy sector of the Punjab province resulted in 17
Published 25 Jan, 2017 12:00am
Parvez Elahi slams government spendings on Metrobus project

Parvez Elahi slams government spendings on Metrobus project

Reacting to opening of Metro Bus Service in Multan, Pakistan Muslim League-Q (PML-Q) senior leader Chaudhry Parvez Elahi said on Tuesday that if billions of rupees spent on "jangla" bus in Multan were incurred on providing ventilators in hospitals and edu
Published 25 Jan, 2017 12:00am
Apparel Forum approaches PM for amendments in export package
Cotton

Apparel Forum approaches PM for amendments in export package

Pakistan Apparel Forum, the biggest group of value added textile, has approached Prime Minister Nawaz Sharif to amend the export package by extending rebate to indirect exports (local sales) of yarn and withdrawal of customs duty and sales tax, besides re
Published 25 Jan, 2017 12:00am
'OPC striving for welfare of overseas Pakistanis'

'OPC striving for welfare of overseas Pakistanis'

Commissioner Overseas Pakistanis Commission (OPC) Punjab Afzaal Bhatti has said that OPC is striving for the welfare of Overseas Pakistanis and so far, half of the received complaints have been settled.
Published 25 Jan, 2017 12:00am
LCCI welcomes setting up of EXIM Bank in Lahore

LCCI welcomes setting up of EXIM Bank in Lahore

The Lahore Chamber of Commerce & Industry (LCCI) has welcomed the establishment of Export/Import Bank (EXIM Bank) with its head office in Lahore and hoped that this initiative would enhance Pakistan's foreign trade in general and exports.
Published 25 Jan, 2017 12:00am
Minister pays surprise visit to THQ Hospital

Minister pays surprise visit to THQ Hospital

Punjab Minister for Primary and Secondary Healthcare Khawaja Imran Nazir paid a surprise visit to the Tehsil Headquarters Hospital Chak Jhumra, District Faisalabad. The Minister took a round to different areas of the hospital. He inspected washrooms and r
Published 25 Jan, 2017 12:00am
Rs 43 billion allocated for health in Punjab: minister

Rs 43 billion allocated for health in Punjab: minister

Rs 43 billion have been allocated for health sector in Punjab which is 43 percent in excess to the budget allocated under this head during last year, said provincial Law Minister Rana Sanaullah Khan.
Published 25 Jan, 2017 12:00am
PBSA approves Rs 206 million annual budget

PBSA approves Rs 206 million annual budget

The Executive Committee meeting of Punjab Boy Scouts Association has approved the annual budget of Rs 206 million for the year 2016-17. This approval was accorded in the meeting presided by the Provincial Scouts Commissioner Shamail Ahmad Khawaja who hold
Published 25 Jan, 2017 12:00am
Tevta offering demand-driven short courses: chairperson

Tevta offering demand-driven short courses: chairperson

Chairperson Technical Education and Vocational Training Authority (TEVTA) Irfan Qaiser Sheikh on Tuesday said that TEVTA is offering demand driven short courses as per national and international standard so that educated unemployed youth may get job after
Published 25 Jan, 2017 12:00am
11 wedding venues sealed in Lahore's Gulberg

11 wedding venues sealed in Lahore's Gulberg

Staff of Town Planning Wing of LDA sealed 11 wedding venues including five marquees and six marriage halls in Gulberg on Tuesday. These marquees/marriage halls had been constructed in contravention of building by-laws. The minimum land required for settin
Published 25 Jan, 2017 12:00am
DFID to train ACE staff

DFID to train ACE staff

The Department for International Development (DfID) will impart professional training to the personnel of Anti-Corruption Establishment (ACE) to ensure transparency and elimination of corrupt elements. This was decided in a meeting held here on Tuesday wh
Published 25 Jan, 2017 12:00am
Seven Special Economic Zones under CPEC so far

Seven Special Economic Zones under CPEC so far

As many as seven Special Economic Zones, including three each in Sindh and Punjab and one in Khyber Pakhtunkhwa, have been established/ notified under China-Pakistan Economic Corridor (CPEC).
Published 25 Jan, 2017 12:00am
Imran opens two-day cancer conference in Peshawar Friday

Imran opens two-day cancer conference in Peshawar Friday

Khyber Medical University (KMU) Peshawar will organise a two-day annual conference on Advances in cancer. According to officials of the university, the two-day second Annual Conference 2017 'the Advances in Cancer, Histopathology and Haematology' will res
Published 25 Jan, 2017 12:00am
Aziz, Mellbin discuss security situation in Afghanistan

Aziz, Mellbin discuss security situation in Afghanistan

Adviser to Prime Minister on Foreign Affairs Sartaj Aziz here on Tuesday received European Union Special Representative on Afghanistan, Franz Michael Mellbin. According to a foreign office statement, the two sides exchanged views on peace and security sit
Published 25 Jan, 2017 12:00am
Ecnec likely to okay 11 uplift projects today

Ecnec likely to okay 11 uplift projects today

A meeting of the Executive Committee of National Economic Council (Ecnec) is expected to approve 11 development projects of energy, health and water sectors on Wednesday.
Published 25 Jan, 2017 12:00am
KP SDPF finalizes recommendations for development agenda 2017-18

KP SDPF finalizes recommendations for development agenda 2017-18

The third annual joint consultative session of Sectoral Co-ordination Committees (SCCs) under Strategic Development Partnership Framework (SDPF) KP and its Development Partners (DPs) concluded in Islamabad after finalising recommendations for development
Published 25 Jan, 2017 12:00am
CDA official removed for taking action against land mafia

CDA official removed for taking action against land mafia

Powerful land mafia in the federal capital reportedly "threw out" Member Administration Capital Development Authority (CDA) Suleyman Warraich, an officer of Commerce and Trade Group (CTG) for starting the operation against illegal occupation of government
Published 25 Jan, 2017 12:00am
KP Governor lauds welfare services of 'Dil Jan'

KP Governor lauds welfare services of 'Dil Jan'

Governor Khyber Pakhtunkhwa, Engineer Iqbal Zafar Jhagra while appreciating the welfare services of Dil Jan Foundation, a volunteer organisation to help the needy and deserving citizens has described it handsome contributions towards the well-being of the
Published 25 Jan, 2017 12:00am
Dastgir meets EC officials, MPs in Brussels

Dastgir meets EC officials, MPs in Brussels

Federal Minister for Commerce Khurram Dastgir Khan held meetings with senior officials of European Commission (EC) and members of European Parliament in Brussels on Tuesday and apprised them of various steps being taken by the government of Pakistan to im
Published 25 Jan, 2017 12:00am
CPEC: big optical-fibre project to be completed by year's end

CPEC: big optical-fibre project to be completed by year's end

The $44 million optical fibre cable project, which would directly connect Pakistan and China, would be completed under the China-Pakistan Economic Corridor (CPEC) by the end of current year, providing safest internet route to both countries, said SCO Majo
Published 25 Jan, 2017 12:00am
GB CM accuses Imran of agitation politics

GB CM accuses Imran of agitation politics

Chief Minister Gilgit-Baltistan (GB) Hafiz Hafeez-ur-Rehman while urging Pakistan Tehreek-e-Insaf (PTI) leadership to shun the politics of agitation has said that as a result of government's peace efforts, the mountainous region attracted over one million
Published 25 Jan, 2017 12:00am
Trump admin to maintain present US envoy to Pakistan

Trump admin to maintain present US envoy to Pakistan

The new Trump administration has decided to keep US Ambassador to Pakistan David Hale as more than 80 politically appointed ambassadors around the country have resigned by Inauguration Day. According to US laws, before the new administration takes charge
Published 25 Jan, 2017 12:00am
Nato seeks closer ties with Gulf, opens new centre

Nato seeks closer ties with Gulf, opens new centre

Nato chief Jens Stoltenberg on Tuesday called for boosting security co-operation with the Gulf states as the Western military alliance opened its first office in the region. "It will be a vital hub for co-operation between the alliance and our Gulf partne
Published 25 Jan, 2017 12:00am
Saudi Arabia sees 'impressive' figures in Trump cabinet

Saudi Arabia sees 'impressive' figures in Trump cabinet

US President Donald Trump has named "impressive" people to his cabinet, longtime American ally Saudi Arabia said on Tuesday. Foreign Minister Adel al-Jubeir praised several men who have been selected by Trump for his cabinet, including Secretary of Defenc
Published 25 Jan, 2017 12:00am
Three-way bid to boost Syria truce after Astana talks

Three-way bid to boost Syria truce after Astana talks

Russia, Iran and Turkey agreed Tuesday to bolster a fragile truce in Syria but rebels and Damascus made no progress towards a broader settlement to end the war after two days of talks.
Published 25 Jan, 2017 12:00am
Japan launches first military communications satellite

Japan launches first military communications satellite

Japan on Tuesday launched its first military communications satellite to boost the broadband capacity of its Self Defence Forces as they reinforce an island chain stretching along the southern edge of the East China Sea.
Published 25 Jan, 2017 12:00am
Israel approves 2,500 West Bank settler homes

Israel approves 2,500 West Bank settler homes

Israel has approved the construction of 2,500 settler homes in the occupied West Bank, officials said Tuesday, making good on promises to expand such building following the election of US President Donald Trump.
Published 25 Jan, 2017 12:00am
Uzbekistan pardons 40,000 in mass amnesty

Uzbekistan pardons 40,000 in mass amnesty

Ex-Soviet Uzbekistan has granted a mass amnesty to almost 40,000 convicted prisoners and detainees awaiting trial, the country's Supreme Court said Tuesday.
Published 25 Jan, 2017 12:00am
Man City's Toure dismisses lure of China

Man City's Toure dismisses lure of China

Yaya Toure says he wants to remain at Manchester City and is not interested in moving to China, amid reports of a big-money offer from the Chinese Super League. Reports last week said Toure, 33, had rejected an approach from a Chinese club that would have
Published 25 Jan, 2017 12:00am
Tunisia advance as favoured Algeria bow out

Tunisia advance as favoured Algeria bow out

Tunisia trounced Zimbabwe 4-2 in Gabon Monday to reach the Africa Cup of Nations quarter-finals as star-stacked Algeria were eliminated after the first round. Naim Sliti, Youssef Msakni, Taha Yassine Khenessi and Wahbi Khazri scored in Libreville as the T
Published 25 Jan, 2017 12:00am
Federer rolls into all-Swiss semi

Federer rolls into all-Swiss semi

Roger Federer beat giant-killer Mischa Zverev to become the Australian Open's oldest men's semi-finalist in nearly 40 years on Tuesday, as fellow veteran Venus Williams also rolled back the years.
Published 25 Jan, 2017 12:00am
17-member blind cricket team for T20 Cup named

17-member blind cricket team for T20 Cup named

Pakistan Blind Cricket Council (PBCC) Tuesday announced a 17-member Pakistan blind cricket team for participation in the World Cup Blind T20 Cricket Cup being played from January 29 to February 12 in India.
Published 25 Jan, 2017 12:00am
Bangladesh player denied bail in girlfriend snaps case

Bangladesh player denied bail in girlfriend snaps case

A court refused to grant bail to Bangladeshi cricketer Arafat Sunny on Tuesday after he was charged with posting "intimate" photos of his girlfriend on social media. Metropolitan magistrate Zakir Hossain said another court which deals with internet-relate
Published 25 Jan, 2017 12:00am
Murray left out of Britain's Davis Cup team

Murray left out of Britain's Davis Cup team

Andy Murray was left out of Great Britain's initial four-man team for next week's Davis Cup World Group first-round meeting with Canada, which was announced on Tuesday. Captain Leon Smith says Murray needs rest following his shock Australian Open fourth-r
Published 25 Jan, 2017 12:00am
All-Pakistan Girls Inter-Board Table Tennis begins

All-Pakistan Girls Inter-Board Table Tennis begins

All Pakistan Girls Inter-Board Table Tennis Championship got under at historical Govt Girls Degree College Takhbhai under the aegis of Board of Intermediate and Secondary Education Mardan, here on Tuesday.
Published 25 Jan, 2017 12:00am
Women cricket coaching academy in Rawalpindi

Women cricket coaching academy in Rawalpindi

In a bid to help promote cricket among women, Sports Board Punjab (SBP) is going to establish women cricket coaching academy at Waqarun Nisa Post Graduate College, Rawalpindi. Earlier, the SBP has set up the first-ever women cricket academy at Kinnaird Co
Published 25 Jan, 2017 12:00am
Waqas, Salman qualify for main round of Senior Squash

Waqas, Salman qualify for main round of Senior Squash

Waqas Mehboob of Pakistan Air Force, Salman Zeb of Pakistan Army, Salman Saleem of Pakistan and Muhammad Farhan of SNGPL took berth into the main round after playing the qualifying rounds of the ongoing National Senior Squash Championship being played her
Published 25 Jan, 2017 12:00am
Aussie, kiwi up
Currency

Aussie, kiwi up

The Australian and New Zealand dollars touched 2-1/2 month highs on Tuesday as the greenback wallowed on concerns about the impact of US President Donald Trump's protectionist trade stance. Trump formally withdrew the United States from the Trans-Pacific
Published 25 Jan, 2017 12:00am
Sterling dips after UK Supreme Court rules on Brexit

Sterling dips after UK Supreme Court rules on Brexit

Sterling fell and London's FTSE 100 index rose on Tuesday after the Supreme Court ruled that the government must go through parliament, but not the UK's regional assemblies, to trigger talks on leaving the European Union.
Published 25 Jan, 2017 12:00am
Asian currencies rise
Currency

Asian currencies rise

Asian currencies rose on Tuesday, as the dollar was dented by concerns over US President Donald Trump's protectionist trade stance and investors awaited more details on his fiscal policy plans.
Published 25 Jan, 2017 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee ended slightly weaker on Tuesday as importer dollar demand outpaced mild greenback sales by exporters, while the market expects the downward pressure to continue until some steady foreign inflows come in, dealers said.
Published 25 Jan, 2017 12:00am
Dollar tumbles in New York on Trump uncertainty
Currency

Dollar tumbles in New York on Trump uncertainty

The dollar slumped to a seven-week low against a currency basket on Monday, weighed by concerns about the early days of US President Donald Trump's administration that have so far been marred by protests, a protectionist inauguration speech, and angry com
Published 25 Jan, 2017 12:00am
Early trade in NY: Dollar rises against yen, euro
Currency

Early trade in NY: Dollar rises against yen, euro

The US dollar firmed against the yen and euro on Tuesday, after several days of losses in the wake of President Trump's inaugural speech promising more trade protectionism, with the US economic outlook still seen better than that of Europe or Japan.
Published 25 Jan, 2017 12:00am
Dollar wallows near seven-week lows in Europe
Currency

Dollar wallows near seven-week lows in Europe

The dollar wallowed near its lowest levels since early December on Tuesday, kept under pressure by concern that US President Donald Trump was focusing more on protectionism and less on pro-growth economic policies.
Published 25 Jan, 2017 12:00am
Dollar struggles in Asia
Currency

Dollar struggles in Asia

The dollar wallowed near seven-week lows in Asian trade on Tuesday, pressured by concerns about the impact of U.S President Donald Trump's protectionist trade stance.
Published 25 Jan, 2017 12:00am
Miners help FTSE to shrug off BT slump

Miners help FTSE to shrug off BT slump

Britain's top share index ended little changed on Tuesday, with a rally in mining companies offseting a slump in BT Group after a profit warning by the telecoms business. The blue-chip FTSE 100 index, which touched a three-week low the previous day, had a
Published 25 Jan, 2017 12:00am
Southeast Asian stocks hold on to gains

Southeast Asian stocks hold on to gains

Most Southeast Asian stock markets ended firmer on Tuesday, holding on to gains earlier in the day, as investors weighed the possible effects of the United States withdrawing from the Trans-Pacific Partnership (TPP) trade deal.
Published 25 Jan, 2017 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks rose on Tuesday in cautious trade in the last session before a long holiday break and as the local dollar strengthened to levels not seen in over three months. As of 0323 GMT, the main TAIEX index was up 0.3 percent at 9,449.85 points, after
Published 25 Jan, 2017 12:00am
BT slump weighs on European stocks; Generali rallies
Currency

BT slump weighs on European stocks; Generali rallies

European earnings season got off to a rocky start on Tuesday with profit warnings from BT Group and Aryzta sending their shares sharply lower, with weakness offset by gains in Italian financials and mining stocks. Overall, the pan-European STOXX 600 index
Published 25 Jan, 2017 12:00am
Shanghai shares at two-week high

Shanghai shares at two-week high

China's main share index ended at a fresh two-week high on Tuesday, but pared some of its earlier gains as small-cap stocks weighed. Trading remained thin as investors were reluctant to stake out fresh positions ahead of the country's biggest holiday star
Published 25 Jan, 2017 12:00am
Indian shares rise

Indian shares rise

Indian shares rose for a second consecutive session on Tuesday, as banking shares such as HDFC Bank gained ahead of results later in the day, while sentiment got a boost on optimism ahead of the annual budget to be unveiled next week. The Supreme Court on
Published 25 Jan, 2017 12:00am
Australian shares up, New Zealand flat

Australian shares up, New Zealand flat

Australian shares finished higher on Tuesday, helped by materials, with iron ore, copper and gold prices lifted by the weak US dollar. The S&P/ASX 200 index ended 0.7 percent or 39.13 points higher to end the session at 5,650.1.
Published 25 Jan, 2017 12:00am
Treasury yields slip

Treasury yields slip

US Treasury yields slipped on Monday with benchmark yields posting their biggest one-day drop in more than two weeks as investor jitters over President Donald Trump's tough stance on trade spurred safe-haven demand for bonds.
Published 25 Jan, 2017 12:00am
Treasury yields slip

Treasury yields slip

US Treasury yields slipped on Monday with benchmark yields posting their biggest one-day drop in more than two weeks as investor jitters over President Donald Trump's tough stance on trade spurred safe-haven demand for bonds.
Published 25 Jan, 2017 12:00am
Hong Kong stocks rise
Currency

Hong Kong stocks rise

Hong Kong stocks rose on Tuesday, led by a solid resources sector as a weaker U.S currency stemming from President Donald Trump's protectionist stance reduces costs to firms for raw materials imports. An index tracking resources stocks advanced 4.1 percen
Published 25 Jan, 2017 12:00am
Wall Street dips on Trump protectionism, Qualcomm drag

Wall Street dips on Trump protectionism, Qualcomm drag

US stocks edged lower on Monday as early moves by President Donald Trump highlighting a protectionist stance on trade gave investors cause to rethink the post-election rally. In his latest executive order, Trump signed to formally withdraw the United Stat
Published 25 Jan, 2017 12:00am
Tuesday's early trade: stocks edge higher

Tuesday's early trade: stocks edge higher

Wall Street edged higher on Tuesday, led by technology and materials stocks, as the corporate earnings season kicked into high gear. Investors are also seeking more clarity on President Donald Trump's economic policies. "We are now in a phase where the po
Published 25 Jan, 2017 12:00am
Tokyo stocks dip

Tokyo stocks dip

Tokyo stocks slipped Tuesday as exporters were hit by a yen rally, fuelled by concerns over President Donald Trump's global trade plans and comments from his Treasury Secretary pick over a stronger dollar. Trump followed up an inauguration speech seen as
Published 25 Jan, 2017 12:00am
Saudi index continues rebound, Egypt pulls back

Saudi index continues rebound, Egypt pulls back

Saudi Arabia's stock market continued rebounding on Tuesday in a generally strong Gulf region, while a drop by shares in real estate firm Emaar Misr dragged down Egypt. The Saudi index climbed 1.1 percent, adding to Monday's 1.7 percent gain.
Published 25 Jan, 2017 12:00am
Eurozone economy solid despite political fears

Eurozone economy solid despite political fears

Eurozone business activity remained stable in January as a robust outlook defied political uncertainty with employment on the rise, a closely watched survey showed Tuesday.
Published 25 Jan, 2017 12:00am
Former Sinopec president gets 15 years

Former Sinopec president gets 15 years

China sentenced a former president of state-run energy giant Sinopec to 15 and a half years for corruption Tuesday, official media said, the latest punishment meted out to a prominent figure in the graft-riddled oil sector.
Published 25 Jan, 2017 12:00am
Turkish rate hike fails to boost ailing lira
Currency

Turkish rate hike fails to boost ailing lira

The Turkish central bank on Tuesday hiked its headline interest rate by 75 basis points in a bid to boost the ailing lira but failed to impress markets looking for even sharper action.
Published 25 Jan, 2017 12:00am
Alibaba revenue surges 54 percent to $7.7 billion

Alibaba revenue surges 54 percent to $7.7 billion

Chinese e-commerce giant Alibaba said Tuesday its revenues leapt 54 percent year-on-year for the quarter ended in December, spurred by rapid growth in Chinese online shopping. Revenue for the company, seen as a benchmark for China's increasingly crucial c
Published 25 Jan, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (January 24, 2017).
Published 25 Jan, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (January 24, 2017).

Published 25 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 24, 2017).

Published 25 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 24, 2017).

Published 25 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 24, 2017).

Published 25 Jan, 2017 12:00am