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Print - 2017-02-04
Judges differ over granting bail to Dr Asim

Judges differ over granting bail to Dr Asim

Judges of the two-member bench of Sindh High Court (SHC) were not on the same page during hearing regarding Pakistan Peoples Party (PPP) leader Dr Asim's bail on Friday. One of the judges was in favour of the bail while the other was against it in two cor
Published 04 Feb, 2017 12:00am
Nobody to be allowed to disrupt Lyari's peace: DG Rangers

Nobody to be allowed to disrupt Lyari's peace: DG Rangers

Director General (DG) Pakistan Rangers (Sindh) Major General Muhammad Saeed on Friday visited various areas of Lyari including Nawan Lane, Meera Naka, Gabol Park, Cheel Chowk, etc. He met the residents of Lyari during his visit. He was briefed by sector c
Published 04 Feb, 2017 12:00am
Balochistan transfers 172 doctors from Quetta to various districts

Balochistan transfers 172 doctors from Quetta to various districts

Government of Balochistan has transferred a bulk of 172 doctors from Quetta to different districts of the province to provide better medical facilities and meeting shortage of doctors in far flung areas of the province under the vision of Chief Minister N
Published 04 Feb, 2017 12:00am
KP CM forms panels to review TCKP's audit & accounts

KP CM forms panels to review TCKP's audit & accounts

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed the formation of different committees for the restructuring of Tourism Corporation Khyber Pakhtunkhwa (TCKP) to review the audit, accounts and spending of the corporation. The committees would
Published 04 Feb, 2017 12:00am
Hamza advises Khan not to create hurdles in way of progress

Hamza advises Khan not to create hurdles in way of progress

Pakistan Muslim League-Nawaz (PML-N) leader Hamza Shahbaz said on Friday that those politicians are talking about accountability including Imran Khan who got their loans written off and also purchased helicopter from that amount.
Published 04 Feb, 2017 12:00am
Nespak holds fire drill

Nespak holds fire drill

The safety of employees is one of the top priorities of NESPAK Management. For this purpose a fire drill was held at NESPAK House, Lahore as part of efforts to improve safety preparedness on Friday. It was also aimed at testing and ensuring proper working
Published 04 Feb, 2017 12:00am
Cancer awareness can reduce mortality rate: Omer Aftab

Cancer awareness can reduce mortality rate: Omer Aftab

Pakistan has the highest rate of breast cancer in Asia as one out of every nine women in Pakistan faces the risk of breast cancer. The prevalence of this deadly ailment is the highest amongst all types of cancers in the country, ie 38.5 percent.
Published 04 Feb, 2017 12:00am
Turkish investors keen to invest in various sectors

Turkish investors keen to invest in various sectors

A delegation of Turkish investors called on Punjab Chief Minister Shehbaz Sharif on Friday and expressed keen interest for investment in different sectors of Punjab specifically water sector, waste water treatment and housing sector.
Published 04 Feb, 2017 12:00am
PRGMEA for effective role of trade officers in boosting exports

PRGMEA for effective role of trade officers in boosting exports

Central Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A. Khokhar on Friday said that business community is ready to plays pivotal role in enhancing exports for the larger national interests.
Published 04 Feb, 2017 12:00am
Pakistan is changing in terms of prosperity, growth: Shahbaz

Pakistan is changing in terms of prosperity, growth: Shahbaz

The Punjab Chief Minister Mohammad Shahbaz Sharif Friday expressed the hope that year 2018 will witness public victory once again which will prove fatal for sit-in trend setters' whose politics totally relies on levelling baseless allegations on others, i
Published 04 Feb, 2017 12:00am
Punjab government to protect rights of growers

Punjab government to protect rights of growers

Secretary Agriculture Punjab Muhammad Mahmood said on Friday that the government would protect the rights of the growers and nobody would be allowed to exploit them.
Published 04 Feb, 2017 12:00am
Punjab Assembly speaker's behaviour irks Opposition

Punjab Assembly speaker's behaviour irks Opposition

Opposition in the Punjab assembly protested against the biased behaviour of the Speaker, saying that the government should change the Speaker otherwise it would not let the house proceedings operational.
Published 04 Feb, 2017 12:00am
'12 terrorists enter Lahore to avenge Chotu's death'

'12 terrorists enter Lahore to avenge Chotu's death'

As many as 12 'terrorists' have reportedly entered the provincial metropolis to avenge the death of Asif Chotu, chief of the 'banned outfit' Lashkar-e-Jhangvi, official sources in the police department toldBusiness Recorder here on Friday.
Published 04 Feb, 2017 12:00am
UVAS to establish Livestock Technology Park at Ravi Campus

UVAS to establish Livestock Technology Park at Ravi Campus

The University of Veterinary & Animal Sciences (UVAS) Lahore has planned to establish a "Livestock Technology Park" at its Ravi Campus Pattoki under the Public Sector Development Programme. In this connection, the UVAS organised a consultative meeting wit
Published 04 Feb, 2017 12:00am
Central Punjab: Bilawal to announce district leadership in mid-February

Central Punjab: Bilawal to announce district leadership in mid-February

Bilawal Bhutto will announce district party leadership for central Punjab in the middle of February, said party sources. They said interviews for the office of district presidents have been conducted by the co-ordination committee and Bilawal would hold a
Published 04 Feb, 2017 12:00am
LDA finalises sites for industrial zones

LDA finalises sites for industrial zones

The Lahore Development Authority (LDA), after a series of consultative meetings with the Lahore Chamber of Commerce and Industry, has finalised various sites in Lahore division for the purpose of industrial zones.
Published 04 Feb, 2017 12:00am
Pakistan's war on terror a success: PU VC

Pakistan's war on terror a success: PU VC

Punjab University Vice Chancellor Professor Dr Zafar Mueen Nasir has said that Pakistan's war on terror has met with extraordinary success and now situation in Pakistan is as normal as it could be in any other country. He was talking to a media delegation
Published 04 Feb, 2017 12:00am
Seven kids among 10 killed in truck-van collision

Seven kids among 10 killed in truck-van collision

At least ten people including seven children, two teachers and driver were killed and 12 others injured in a collision between a truck and a school van due to dense fog at Fatehpur road here on Friday morning.
Published 04 Feb, 2017 12:00am
Seven shops damaged in Landi Kotal bomb blast

Seven shops damaged in Landi Kotal bomb blast

Seven shops were partially damaged in a bomb blast in main bazaar of Landi Kotal on Friday. However, no casualty has been reported so far. According to Political Tehsildar, Irshad Mohmand, some miscreants, planted explosive materials inside the newly cons
Published 04 Feb, 2017 12:00am
Agriculture sector on decline in KP

Agriculture sector on decline in KP

Sarhad Chamber of Agriculture (SCA) has said that due to lack of sustainable agriculture policy, agriculture sector is on decline in Khyber Pakhtunkhwa and growers are facing multiple problems.
Published 04 Feb, 2017 12:00am
PDWP approves two uplift schemes

PDWP approves two uplift schemes

The Provincial Development Working Party (PDWP) held its Special meeting under the Chairmanship of Muhammad Azam Khan, the Additional Chief Secretary Khyber Pakhtunkhwa on Friday. The meeting was attended by its members and respective administrative Secre
Published 04 Feb, 2017 12:00am
Condolence reference

Condolence reference

With great sorrow, FBR announces the demise of Raja Tahir Majeed, a BS-20 officer of Pakistan Customs Service who was posted as Collector, Collectorate of Customs (Adjudication), Faisalabad, on February 2, 2017 at the time of his death.
Published 04 Feb, 2017 12:00am
TDAP has lost its relevance: FPCCI

TDAP has lost its relevance: FPCCI

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said on Friday that Trade Development Authority of Pakistan (TDAP) has lost its relevance because of the country's changing export base.
Published 04 Feb, 2017 12:00am
UNHCR, World Bank to provide long-term support to KP government

UNHCR, World Bank to provide long-term support to KP government

The UNHCR and World Bank have assured to provide long term support to the KP Government in provision of basic amenities of life particularly in the areas which are affected by the decade's long stay of millions of Afghan Refugees. According to official co
Published 04 Feb, 2017 12:00am
A-1 Cars' plea: LHC issues notices to Transport Authority

A-1 Cars' plea: LHC issues notices to Transport Authority

The Lahore High Court on Friday restrained the respondents from any adverse action against ride sharing A-1 taxi and issued notices to Punjab Transport Authority and Chief Traffic Officer Lahore for February 20.
Published 04 Feb, 2017 12:00am
Shell Tameer awards 2017 held

Shell Tameer awards 2017 held

The biennial Shell Tameer Awards took place at the British Deputy High Commission in a ceremony attended by prominent industry and business leaders as well as young entrepreneurs of the country. The jury comprising established professionals judged the top
Published 04 Feb, 2017 12:00am
IFC provides $145 million to FrieslandCampina

IFC provides $145 million to FrieslandCampina

IFC, a member of the World Bank Group, is providing a $145 million finance package to FrieslandCampina, one of the largest dairy producers in the world, in an effort to spur the development of Pakistan's dairy industry (PDI).
Published 04 Feb, 2017 12:00am
Alternate Dispute Resolution Bill adopted by NA

Alternate Dispute Resolution Bill adopted by NA

The National Assembly Friday passed 'The Alternate Dispute Resolution Bill, 2016' with some amendments to effectively use the methods of conciliation, arbitration, mediation and Panchayat (local council) for settlement of disputes to overcome delays, prov
Published 04 Feb, 2017 12:00am
NACTE team visits SU's Faculty of Education

NACTE team visits SU's Faculty of Education

A team of National Accreditation Council for Teacher Education, Islamabad comprising Professor Dr Muhammad Saeed, Head of Department of Education, University of Haripur, Professor Dr Muhammad Ramzan, Dean, Faculty of Social Sciences, University of Karakor
Published 04 Feb, 2017 12:00am
Chairperson Telenor Board meets IT minister

Chairperson Telenor Board meets IT minister

The Minister of State for IT & Telecom Anusha Rahman has said that Pakistan has become a case study for international community due to its phenomenal development in ICT sector. The minister stated this while talking to a delegation led by Gunn Waerted, Ch
Published 04 Feb, 2017 12:00am
Nine more Pakistani sailors stranded on ship in Egypt return home

Nine more Pakistani sailors stranded on ship in Egypt return home

Nine more sailors of the 17 Pakistani crew members stuck on a Kuwaiti ship anchored in Egypt's Suez Canal for over three months returned home on Friday after intervention by the Pakistani embassy in Egypt. The 17 workers had been stranded abroad for month
Published 04 Feb, 2017 12:00am
NBP UnionPay Corpay launched

NBP UnionPay Corpay launched

In continuation of National Bank of Pakistan's (NBP) journey for embracing the future banking, NBP unveiled NBP Prepaid cards with UnionPay International Brand in a grand launch ceremony. Initially, three types of cards have been launched including CorPay
Published 04 Feb, 2017 12:00am
Customs duty of Carbon Black (Rubber Grade) revised

Customs duty of Carbon Black (Rubber Grade) revised

Director General Customs Valuation (DGCV) on Friday revised the customs duty of Carbon Black (Rubber Grade) under Section 25-A of the Customs Act, 1969. According to the DGCV, a meeting has been convened with all stakeholders including importers and repre
Published 04 Feb, 2017 12:00am
Students showcase art work in 'Thesis Show' at SU

Students showcase art work in 'Thesis Show' at SU

The Students of Institute of Art & Design, University of Sindh portrayed new horizons of thoughts, novel ideas & creative flair in amazing colours and forms amid an air of festivity at the institution's Degree Show 2016-17 that opened here on Friday.
Published 04 Feb, 2017 12:00am
Country's economy improving speedily: Rajwana

Country's economy improving speedily: Rajwana

Punjab Governor Malik Muhammad Rafique Rajwana has said that the country's economy is improving speedily due to prudent policies of the government. He was talking to Executive Director of International Trade Centre Geneva Arencha Gonzales and a Nigerian m
Published 04 Feb, 2017 12:00am
Belarus keen to have joint ventures with Pakistani companies

Belarus keen to have joint ventures with Pakistani companies

Belarus has offered to implement construction projects and initiate joint ventures with Pakistani companies to enhance the economic co-operation between the two countries, as there are real opportunities for raising the bilateral trade to $1 billion by 20
Published 04 Feb, 2017 12:00am
Bahrain-Pakistan JMS will be held tomorrow

Bahrain-Pakistan JMS will be held tomorrow

The first-ever two-day Bahrain-Pakistan Joint Ministerial Session will be held here on Sunday. During the meeting, the Bahrain side would be headed by Minister of Foreign Affairs, Kingdom of Bahrain Sheikh Khalid Bin Ahmed Bin Mohamed Al-Khallfa, while ad
Published 04 Feb, 2017 12:00am
Growing economy: Dar emphasises importance of prudent debt management

Growing economy: Dar emphasises importance of prudent debt management

Federal Finance Minister, Ishaq Dar chaired a meeting on matters related to the Debt Policy Co-ordination Office here at the Ministry of Finance on Friday. The Finance Minister emphasised the importance of prudent debt management for a growing economy.
Published 04 Feb, 2017 12:00am
JuD to challenge Hafiz Saeed's detention in LHC next week

JuD to challenge Hafiz Saeed's detention in LHC next week

The Jamaat-ud-Dawa (JuD) has decided to challenge recent government actions in Lahore High Court next week under which its chief Hafiz Mohammad Saeed was put under house arrest and the JuD as well as its affiliated Falah-e-Insaniat Foundation (FIF), a cha
Published 04 Feb, 2017 12:00am
PM meets family of late ex-Sindh governor

PM meets family of late ex-Sindh governor

Prime Minister Muhammad Nawaz Sharif Friday visited family members of late Governor of Sindh, Saeed-uz-Zaman Siddiqui, and offered his condolence to them.
Published 04 Feb, 2017 12:00am
Heroin concealed in power banks recovered

Heroin concealed in power banks recovered

The customs staff of the Model Customs Collectorate (MCC) Islamabad has recovered 660 grams of heroin tactfully concealed inside power banks. According to details, a parcel booked by one Muhammad Zahid Gull, HD Plaza, shop No 11, Peshawar, bearing trackin
Published 04 Feb, 2017 12:00am
Make report on Dawn leaks public: PTI

Make report on Dawn leaks public: PTI

Pakistan Tehreek-e-Insaf (PTI) on Friday asked the Prime Minister to make the Dawn inquiry commission report public. In a statement issued here, PTI Central Information Secretary Naeemul Haq said the PTI will not allow any attempt by the government to con
Published 04 Feb, 2017 12:00am
Pakistan will continue to support Kashmiris: Ahsan

Pakistan will continue to support Kashmiris: Ahsan

Federal Minister for Planning Development and Reforms Professor Ahsan Iqbal has said that Pakistan will continue supporting peaceful freedom movement in Kashmir. He was addressing a seminar in Washington in connection with Kashmir Solidarity Day organised
Published 04 Feb, 2017 12:00am
Lawyer approaches LHC over Hafiz's detention

Lawyer approaches LHC over Hafiz's detention

A senior lawyer has approached the Lahore High Court for the recovery of Jamatud Dawa (JuD) chief Hafiz Muhammad Saeed. The petitioner, Sarfraz Hussain contended that Hafiz Saeed has been detained on United Nations' resolution of 2008. The petitioner plea
Published 04 Feb, 2017 12:00am
Horse gift controversy refuses to die down

Horse gift controversy refuses to die down

The horse gift controversy refuses to die down. According to official documents available with Business Recorder, the Ministry of Defence approached the Economic Co-ordination Committee (ECC) of the Cabinet on January 17, 2017 for "Grant of special exempt
Published 04 Feb, 2017 12:00am
Duties, taxes collection drop by 15 percent in Punjab

Duties, taxes collection drop by 15 percent in Punjab

Collection of duties and taxes by the Customs department during the first seven months of current fiscal year has dropped by 15 percent against the corresponding period. According to the data collected from dry ports in Lahore, Faisalabad and Multan, tota
Published 04 Feb, 2017 12:00am
Duties, taxes collection drop by 15 percent in Punjab

Duties, taxes collection drop by 15 percent in Punjab

Collection of duties and taxes by the Customs department during the first seven months of current fiscal year has dropped by 15 percent against the corresponding period. According to the data collected from dry ports in Lahore, Faisalabad and Multan, tota
Published 04 Feb, 2017 12:00am
Government submits reservations over Quetta carnage commission's report

Government submits reservations over Quetta carnage commission's report

Submitting its objections over a one-man judicial commission's report on the August 8, 2016 Quetta carnage, Federal Interior Ministry said on Friday that Pakistan Army, Ministry of Interior and Interior Minister Chaudhry Nisar Ali Khan have taken tangible
Published 04 Feb, 2017 12:00am
KP governor announces fund for liver transplant surgery

KP governor announces fund for liver transplant surgery

Governor Khyber Pakhtunkhwa Engr Iqbal Zafar Jhagra has announced the creation of special fund for providing financial assistance for Liver transplant surgery for needy patients belonging to FATA.
Published 04 Feb, 2017 12:00am
Moot on primary healthcare innovation opens

Moot on primary healthcare innovation opens

Ziauddin University is a national institution of international standards serving the country with dedication and devotion. I appreciate its work and efforts of its administration for arranging such an informative event. I congratulate the management of Zi
Published 04 Feb, 2017 12:00am
Administrator DHA for revamping of nurseries

Administrator DHA for revamping of nurseries

Greenery and colourful flowers symbolically represent environmentalism and growth. They have multifarious connotation which signify a positive, progressive and healthy approach towards life.
Published 04 Feb, 2017 12:00am
CBA urges government to consider proposals for revival of PSM

CBA urges government to consider proposals for revival of PSM

Peoples Workers Union (CBA) of Pakistan Steel Mills has urged the federal government to revive the country's largest steel producing plant in the larger interest of the country. Syed Hameedullah, General Secretary Pakistan Steel Peoples Workers Union (CBA
Published 04 Feb, 2017 12:00am
APTMA felicitates Sindh governor

APTMA felicitates Sindh governor

Zahid Mazhar, senior vice chairman All Pakistan Textile Mills Association (APTMA) has congratulated Muhammad Zubair on assuming the office of Governor Sindh and expressed hope that he will ensure strengthening of cordial relations with the industrialists
Published 04 Feb, 2017 12:00am
KCAA resolves longstanding issue with FBR

KCAA resolves longstanding issue with FBR

Karachi Customs Agents Association (KCAA) on Friday claimed to have resolved longstanding issue of non-filing of nil return of sales tax in FBR, which was pending since 2011 in the wake of the 18th amendment to the Constitution of Pakistan.
Published 04 Feb, 2017 12:00am
Peshawar to have 500-bed gynae hospital

Peshawar to have 500-bed gynae hospital

Chief Minister Khyber Pakhtunkhwa Pervez Khattak announced a 500 bedded full-fledged Gynae obstetrics hospital in Peshawar in an international Conference on Gynae obstetrics in a local Hotel in Peshawar Friday. Chairman PTI Imran Khan, Minister Health Sha
Published 04 Feb, 2017 12:00am
Growers advised

Growers advised

The Met Office has alerted the farmers of upcountry about dropping temperature with rains and snowfall, saying that the growers should step up protecting their livestock and crops from frost. Alert stated that the cold and cloudy weather is expected in th
Published 04 Feb, 2017 12:00am
25 criminals killed, 2,380 held in Jan: Karachi Police

25 criminals killed, 2,380 held in Jan: Karachi Police

Karachi police has announced it killed 25 criminals and arrested 2,380 in the city during January. In their monthly performance report, police said 1,888 raids and 77 encounters were carried out in different areas as part of the ongoing Karachi Operation
Published 04 Feb, 2017 12:00am
BSEK chief receives appreciation certificate

BSEK chief receives appreciation certificate

The Federal Minister for Planning and Development, Dr Ahsan Iqbal, has awarded a certificate of appreciation to the Chairman Board of Secondary Education Karachi (BSEK), Professor Dr Saeeduddin, in recognition of his services in the field of education in
Published 04 Feb, 2017 12:00am
Rice, vegetable exporters seek withholding tax exemption

Rice, vegetable exporters seek withholding tax exemption

Representatives of exporters of fruits and vegetables called for exemption of the withholding tax of 1.25 percent and duty free imports of chemicals for exports of value-added fruits and vegetables. They made this demand during an interactive session on t
Published 04 Feb, 2017 12:00am
Strong export demand lifts cotton to fresh six-month high
Cotton

Strong export demand lifts cotton to fresh six-month high

ICE cotton futures settled higher for the third straight session on Thursday, hitting a fresh six-month high, helped by strong export sales data. The March cotton contract on ICE Futures US reached a peak of 77.40 cents a lb on Thursday, the highest since
Published 04 Feb, 2017 12:00am
Shanghai copper falls, nickel up

Shanghai copper falls, nickel up

Shanghai Futures Exchange nickel ended up 2.9 percent at 84,690 yuan ($12,329.13) a tonne on Friday, but other metals were weaker. Shanghai copper fell 2.2 percent to 46,760 yuan a tonne, ShFE zinc and tin were both down 1 percent and lead declined 2 perc
Published 04 Feb, 2017 12:00am
Oil pushes higher as US Treasury announces sanctions on Iran

Oil pushes higher as US Treasury announces sanctions on Iran

Oil prices jumped on Friday after the United States on Friday imposed sanctions on some Iranian individuals and entities, days after the White House put Tehran "on notice" over a ballistic missile test. Front month US West Texas Intermediate crude futures
Published 04 Feb, 2017 12:00am
Rubber falls

Rubber falls

Benchmark Tokyo rubber futures ended lower for a fourth straight session on Friday after touching their highest since September 2011 earlier this week as supply worries following floods in key production areas eased. The Tokyo Commodity Exchange rubber co
Published 04 Feb, 2017 12:00am
Palm oil dips

Palm oil dips

Malaysian palm oil ended Friday's trade lower, tracking vegetable oil futures on the Dalian Commodity Exchange and responding to an industry analyst's price forecast. Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange
Published 04 Feb, 2017 12:00am
Gold climbs in New York
Currency

Gold climbs in New York

Gold prices rose to an 11-week high on Thursday after the US Federal Reserve gave no clear signal on the likelihood of a March interest rate increase in its latest statement, prompting another drop in the US dollar. The US currency slipped to the lowest s
Published 04 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Friday (January 03, 2017) and the forecast for Saturday (January 04, 2017).

Published 04 Feb, 2017 12:00am
Gold slips in Asia

Gold slips in Asia

Gold prices slipped on Friday as the dollar rose against the yen after Japan offered to buy government bonds and attention shifted to key US jobs data later in the day. Spot gold edged down 0.3 percent to $1,212.91 an ounce by 0557 GMT. US gold futures fe
Published 04 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 03, 2017).

Published 04 Feb, 2017 12:00am
Gold pares losses in Europe

Gold pares losses in Europe

Gold steadied on Friday, erasing earlier losses as the dollar came under pressure from a US payrolls report that flagged up weak wage growth last month, weakening the case for near-term interest rate hikes. The dollar fell versus the euro and US Treasury
Published 04 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 04 Feb, 2017 12:00am
Rising Kenyan tea, coffee export prices to ease drought impact

Rising Kenyan tea, coffee export prices to ease drought impact

Rising prices for Kenyan tea and coffee exports will help offset the impact from a drought that has been hurting the East African nation's agriculture after poor rains late last year, according to officials and traders.
Published 04 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 04 Feb, 2017 12:00am
US MIDDAY: soyabeans, corn and wheat fall

US MIDDAY: soyabeans, corn and wheat fall

US soyabean futures weakened on Friday on a round of technical selling after failing to push through their weekly high during the overnight trading session. Corn and wheat futures also were trading lower, pressured by abundant global supplies and some end
Published 04 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 03, 2017).

Published 04 Feb, 2017 12:00am
US MIDDAY: gold little changed

US MIDDAY: gold little changed

Gold was little changed on Friday, erasing earlier losses as the dollar came under pressure from a US payrolls report that flagged up weak wage growth last month, weakening the case for near-term interest rate hikes. While US job growth surged more than e
Published 04 Feb, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 03, 2017)

Published 04 Feb, 2017 12:00am
New US visa policy

New US visa policy

This is apropos aBusiness Recorder news item "FO gives cautious response to new US visa policy" carried by the newspaper yesterday. According to it, the Foreign Office has given a cautious response to new visa policy of Trump administration imposin
Published 04 Feb, 2017 12:00am
Long-term investors shy away as hot money fuels commodity rallies

Long-term investors shy away as hot money fuels commodity rallies

Hot money has helped commodity markets to outpace shares for the first time in five years, but long-term investors burnt in the previous boom are unlikely to add their considerable muscle to sustain that momentum. The Thomson Reuters/Core Commodity CRB In
Published 04 Feb, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (January 03, 2017).

Published 04 Feb, 2017 12:00am
Euro may be too weak for Germany but too strong for others
Currency

Euro may be too weak for Germany but too strong for others

In an attack on Germany, U.S. President Donald Trump's top trade adviser said the euro was "grossly undervalued", a charge which may ring true for the German economy but not for the 19-member currency zone as a whole. The adviser, Peter Navarro, said Germ
Published 04 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 03, 2017).

Published 04 Feb, 2017 12:00am
The Corridor

The Corridor

The global economic, political and social dynamics - after around 70 years - have come full circle. In the 1950s, it was the United States of America that stood high and propagated globalisation of economy in an unprecedented manner. It also sought to lea
Published 04 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 03, 2017).

Published 04 Feb, 2017 12:00am
Trump's anti-Muslim policy

Trump's anti-Muslim policy

Making good on his campaign promise to ban Muslims from entering the US, President Donald Trump signed an executive order on Friday entitled "Protection of the Nation from Foreign Terrorist Entry into the United States" banning admission of refugees from
Published 04 Feb, 2017 12:00am
Moderate increase in prices
Currency

Moderate increase in prices

It is of course a matter of satisfaction that although the rate of inflation is inching up a little it is still within tolerable limits. According to the latest data released by the Pakistan Bureau of Statistics (PBS), year-on-year inflation in January, 2
Published 04 Feb, 2017 12:00am
Vegetable shortage triggers UK supermarket rationing

Vegetable shortage triggers UK supermarket rationing

British supermarket giants Tesco and Morrisons said they were rationing vegetable sales on Friday as shoppers tweeted their frustration over widespread shortages caused by bad weather in southern Europe. Courgettes, broccoli, aubergines and salads were ei
Published 04 Feb, 2017 12:00am
THE RUPEE: firmer trend
Currency

THE RUPEE: firmer trend

A firmer trend was witnessed on the money market on Friday as the rupee managed to recover slightly against the dollar in the process of trading, dealers said. The rupee inched up versus the dollar as the national currency gained three paisas for buying a
Published 04 Feb, 2017 12:00am
Ireland plans new yardstick to tackle 'leprechaun economics'

Ireland plans new yardstick to tackle 'leprechaun economics'

Ireland will use a new yardstick to measure the health of its economy to account for its status as the European base for a number of major multinationals, something that has made a nonsense of conventional measures. Last year alone, growth in gross domest
Published 04 Feb, 2017 12:00am
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