Ministry of Water and Power has convened an inter-provincial meeting on Friday (today) to discuss the much talked-about amendments in Nepra Act and other energy-related issues of provinces. The meeting to be presided over by the Minister for Water and Pow
The war of words between Ministry of Water and Power and National Electric Power Regulatory Authority (Nepra) is intensifying as the Ministry has sent a very strong rejoinder to the regulator on its letter written on February 4, 2017 accusing the Ministry
The war of words between Ministry of Water and Power and National Electric Power Regulatory Authority (Nepra) is intensifying as the Ministry has sent a very strong rejoinder to the regulator on its letter written on February 4, 2017 accusing the Ministry
The war of words between Ministry of Water and Power and National Electric Power Regulatory Authority (Nepra) is intensifying as the Ministry has sent a very strong rejoinder to the regulator on its letter written on February 4, 2017 accusing the Ministry
The country''s foreign exchange reserves continued to worsen and further declined by over $400 million during last week. This is the second week in a row, in which the country''s foreign exchange reserves witnessed a massive fall. Earlier, in the third we
The country's foreign exchange reserves continued to worsen and further declined by over $400 million during last week. This is the second week in a row, in which the country's foreign exchange reserves witnessed a massive fall. Earlier, in the third week
The country's foreign exchange reserves continued to worsen and further declined by over $400 million during last week. This is the second week in a row, in which the country's foreign exchange reserves witnessed a massive fall. Earlier, in the third week
Chief of Army Staff (CoAS) General Qamar Javed Bajwa Thursday made a telephonic contact with the US Secretary of Defence James Norman Mattis and congratulated him on assuming new responsibilities. Inter-Services Public Relations (ISPR), said that Army Chi
Chief of Army Staff (CoAS) General Qamar Javed Bajwa Thursday made a telephonic contact with the US Secretary of Defence James Norman Mattis and congratulated him on assuming new responsibilities. Inter-Services Public Relations (ISPR), said that Army Chi
Foreign Office on Thursday cautioned the world to take notice of India's "secret nuclear city" being built for production of thermonuclear weapons, which will not only undermine the regional strategic balance of power but will also endanger peace of the r
Foreign Office on Thursday cautioned the world to take notice of India's "secret nuclear city" being built for production of thermonuclear weapons, which will not only undermine the regional strategic balance of power but will also endanger peace of the r
The top US commander in Afghanistan said on Thursday that there was a need for a "holistic review" of the relationship with Pakistan, adding that it was supporting the Taliban and undermining the Afghan government. "Our complex relationship with Pakistan
The top US commander in Afghanistan said on Thursday that there was a need for a "holistic review" of the relationship with Pakistan, adding that it was supporting the Taliban and undermining the Afghan government. "Our complex relationship with Pakistan
Mexican leftist 2018 presidential hopeful Andres Manuel Lopez Obrador plans to visit the United States on Sunday to talk with migrants and Americans about US President Donald Trump's "poisonous" rhetoric.
Mexican leftist 2018 presidential hopeful Andres Manuel Lopez Obrador plans to visit the United States on Sunday to talk with migrants and Americans about US President Donald Trump's "poisonous" rhetoric.
Former governor of the State Bank of Pakistan (SBP) Kassim Parekh passed away, here on late Thursday night. Aaj News reported that his Namaz-e-Janaza will be offered at Jamia Masjid Bait-us-Salam in Defence Housing Authority Phase IV, after Friday
Former governor of the State Bank of Pakistan (SBP) Kassim Parekh passed away, here on late Thursday night. Aaj News reported that his Namaz-e-Janaza will be offered at Jamia Masjid Bait-us-Salam in Defence Housing Authority Phase IV, after Friday
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (February 09, 2017).
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
On Wednesday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,150. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 7.74 billion and the number of lots traded was 16,642. Major business was contributed by
Vietnam's domestic coffee prices eased as London futures fell, prompting farmers to hold onto beans amid low stockpiles after the Lunar New Year holiday, traders said on Tuesday. Coffee prices in Daklak, Vietnam's largest growing province, decreased to 45
The Karachi Port handled 214,073 tonnes of cargo comprising 180,903 tonnes of import cargo and 33,170 tonnes of export cargo including 6,640 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Firmness prevailed on the cotton market on Thursday as mills and spinners continued buying of quality lint to replenish their stock from the local market, dealers said. The official spot rate was unmoved at Rs 6700, dealers said. In Sindh, seed cotton pri
ICE Canadian canola futures climbed to a nearly two-week high on Tuesday on technical buying and strength in soybean prices. March canola gained $3.50 to $520.30 per tonne. May canola added $3.60 to $528 per tonne. March-May canola spread traded 5,821 tim
US natural gas futures on Tuesday rose on forecasts for slightly cooler, but still warmer-than-normal weather in the next two weeks. After falling to its lowest level since late November on Monday, front-month gas futures for March delivery on the New Yor
Steady to firm sentiment prevailed on the ready cotton market on Thursday as less than a million bales (155 Kgs) reportedly remain unsold in the market. However, in comparison with cotton, yarn prices were being quoted at relatively lower levels. Internat
Steady to firm sentiment prevailed on the ready cotton market on Thursday as less than a million bales (155 Kgs) reportedly remain unsold in the market. However, in comparison with cotton, yarn prices were being quoted at relatively lower levels. Internat
Rio Tinto Wednesday reported a surge in annual net profit on the back of improving commodity prices in a strong turnaround from last year's loss, and rewarded shareholders with a buyback. The world's second-largest miner reported an annual net profit of U
Rio Tinto Wednesday reported a surge in annual net profit on the back of improving commodity prices in a strong turnaround from last year's loss, and rewarded shareholders with a buyback. The world's second-largest miner reported an annual net profit of U
The New York Times said Wednesday it had teamed up with the online service Spotify in bid to lure subscribers with a "news and music experience." The companies announced that new digital subscribers to the New York Times who commit to a one-year term woul
Pharmaceuticals giant GlaxoSmithKline posted Wednesday a drop in annual profit, adding the pound's tumble awaiting Brexit could offset a tougher US market for its key drug and asthma treatment Advair. GSK said net profit slumped to £912 million ($1.14 bil
Pharmaceuticals giant GlaxoSmithKline posted Wednesday a drop in annual profit, adding the pound's tumble awaiting Brexit could offset a tougher US market for its key drug and asthma treatment Advair. GSK said net profit slumped to £912 million ($1.14 bil
The Philippine central bank held its benchmark interest rate steady on Thursday with the economy expected to remain in a sweet spot of strong growth and manageable inflation. The policy-making Monetary Board voted to maintain the overnight borrowing rate
The Philippine central bank held its benchmark interest rate steady on Thursday with the economy expected to remain in a sweet spot of strong growth and manageable inflation. The policy-making Monetary Board voted to maintain the overnight borrowing rate
Japan's core machinery orders rebounded more than expected in December from the prior month's fall and are seen rising again this quarter - an encouraging sign of a pick-up in capital expenditure. The Cabinet Office data showed on Thursday core orders, a
Danish shipping and oil conglomerate A.P. Moller-Maersk registered a heavy loss in 2016 due to write-downs in its oil services division, the company said, as it announced the chairman would step down. Maersk booked $2.7 billion (2.5 billion euros) of writ
Japanese mobile firm SoftBank said Wednesday its nine-month net profit doubled, largely due to one-off gains from the sale of its stake in Chinese e-commerce giant Alibaba. The company said April-December net profit came in at 857.4 billion yen ($7.6 bill
Japanese mobile firm SoftBank said Wednesday its nine-month net profit doubled, largely due to one-off gains from the sale of its stake in Chinese e-commerce giant Alibaba. The company said April-December net profit came in at 857.4 billion yen ($7.6 bill
Time Warner Inc reported higher-than-expected fourth-quarter results, largely due to box office hits such as the "Harry Potter" spinoff "Fantastic Beasts and Where To Find Them." The New York-based media company, which is set to become part of AT&T Inc in
Time Warner Inc reported higher-than-expected fourth-quarter results, largely due to box office hits such as the "Harry Potter" spinoff "Fantastic Beasts and Where To Find Them." The New York-based media company, which is set to become part of AT&T Inc in
A Nigerian government agency on Thursday said it had taken over the country's main private airline Arik Air to prevent it from going bust. Jude Nwauzor, a spokesman for the Asset Management Corporation of Nigeria (AMCON), told AFP: "AMCON has taken over t
Singapore Airlines said Thursday it had ordered 39 Boeing passenger planes worth $13.8 billion as it seeks to expand its capacity in the face of growing competition. The carrier said it had signed a letter of intent with the US manufacturer for 20 of its
A top Japanese company said Thursday it had dropped Mexico as a possible location for a new auto parts factory after Donald Trump rapped Toyota over a plant in the country - and economists warned more firms could follow suit. The decision by Nikkei 225-li
Wind power has overtaken coal as the second largest form of power generation by capacity in Europe, according to industry data published on Thursday. WindEurope, the industry lobby group, said in its annual review of the sector that Europe had installed 1
Twitter came under fresh pressure Thursday as the social network reported sluggish revenue and user growth, and widening losses in the past quarter. Pre-market trades showed Twitter shares slumping 10.8 percent as hopes faded for a rekindling of growth at
Travel bookings to the United States fell 6.5 percent in late January compared to last year in the wake of President Donald Trump's travel ban, according to a report Wednesday. The travel restrictions apparently deterred travelers from outside the seven M
Coca-Cola said Thursday the strong US dollar again hit results in some overseas markets, leading to lower fourth-quarter earnings, although it scored higher revenues in North America. The soft drink giant said net income for the quarter ending December 31
Coca-Cola said Thursday the strong US dollar again hit results in some overseas markets, leading to lower fourth-quarter earnings, although it scored higher revenues in North America. The soft drink giant said net income for the quarter ending December 31
Germany's latest record trade surplus announced Thursday may be a point of pride for some, but experts warn the imbalance is doing more harm than good as grumbling grows in the Trump White House. The country exported 253 billion euros ($270 billion) more
The number of Americans filing for unemployment benefits unexpectedly fell last week to near a 43-year low, amid a further tightening of the labour market that could eventually spur faster wage growth. Other data on Thursday showed inventories at wholesal
The world's biggest shipbuilder Hyundai Heavy Industries made its first annual profit for three years in 2016, it said Thursday, after cutting thousands of jobs in an industry wide slump. Net income came to 682 billion won ($595 million) last year, a turn
Qatar has approved a draft law which would provide legal protection for tens of thousands of female domestic workers for the first time, according to state media. The law is expected to specify how many hours staff such as nannies, drivers and gardeners s
Poor fourth-quarter earnings from two United Arab Emirates companies weighed on stock markets there on Thursday while Kuwait pulled back in another day of volatile trade. Dubai's index fell 1.2 percent to 3,683 points, retreating from major technical resi
Indian shares reversed early losses to end higher on Thursday, with IT stocks such as Tech Mahindra Ltd and Tata Consultancy Services Ltd contributing to majority of the gains. The broader NSE index closed 0.1 percent higher at 8,778.40, while the benchma
Shanghai stocks closed at a two-month high on Thursday, getting a boost from glass and cement makers after the government signalled it would reduce overcapacity in the construction materials sector. The blue-chip CSI300 index rose 0.4 percent, to 3,396.29
Wall Street's three main indexes hit record highs on Thursday, amid gains across sectors, led by financial and energy stocks. The S&P 500 financial index rose 1.06 percent and was on track to snap a three-day losing streak after President Donald Trump sai
The S&P 500 ended slightly higher on Wednesday as investors digested mixed earnings reports, while the Dow Jones Industrial Average slipped as bank stocks weighed. The Nasdaq gained moderately to close at a record high for a second straight day, lifted by
Hong Kong stocks hit a four-month high on Thursday with mainland companies outperforming, as expectations of further yuan depreciation continued to nudge Chinese investors into the city's stocks. The benchmark Hang Seng index reached an intraday high of 2
US Treasury yields fell to their lowest levels in multiple weeks on Wednesday with 5-year note yields hitting their lowest since December 8 as a flight to safety and technical positioning encouraged investors to buy US government debt. Yields on 7-, 10- a
US Treasury yields fell to their lowest levels in multiple weeks on Wednesday with 5-year note yields hitting their lowest since December 8 as a flight to safety and technical positioning encouraged investors to buy US government debt. Yields on 7-, 10- a
Sri Lankan shares closed slightly weaker on Thursday, snapping two straight sessions of gains and hovering near a more than 10-month closing low hit earlier this week, as concerns over rising market interest rates weighed on sentiment. The Colombo stock i
Tokyo stocks fell Thursday, dragged down by banks and automakers, as investors eye Prime Minister Shinzo Abe's weekend meeting with Donald Trump. Abe heads to Washington later Thursday for a sit down with the protectionist-leaning US president, who has ac
European shares climbed for a third consecutive session on Thursday, with some major companies such as France's second-biggest listed bank Societe Generale and oil major Total advancing after their results. Eutelsat also surged, up 6 percent and the top g
Australian stocks ended slightly up on Thursday, supported by shares in the country's biggest wealth manager, AMP Ltd, rising sharply on its plans to trim exposure to its troubled life insurance business. The S&P/ASX 200 index tacked on 0.2 percent, or 13
Most Southeast Asian stock markets closed higher on Thursday as investors grew more confident about China, with Singapore bouncing back from its previous session's losses to post its highest close in 15 months on the back of strong corporate earnings. A r
Britain's top share index steadied on Thursday as falls among mining stocks weighed, while Smith & Nephew dropped after posting disappointing results. The blue chip FTSE 100 index was up 0.1 percent at 7,192.70 points by 1028 GMT, underperforming the broa
The dollar managed to stabilise on Thursday after the previous session's slide, although lingering risk aversion pinned Treasury yields near multi-week lows and restrained the greenback's bounce. The euro was down 0.1 percent at $1.0678, edging back towar
The New Zealand dollar was by far the biggest faller among major currencies on Thursday, down almost a full percentage point after its central bank blind-sided investors by signalling any tightening might be at least two years away. The euro also dipped a
The dollar surged more than 1 percent against the yen and rose broadly on Thursday after comments from US President Donald Trump that he would be releasing his "phenomenal" tax plan in the next few weeks. Investors have been waiting impatiently for detail
The dollar fell on Wednesday after two days of gains, pressured by the decline in US Treasury yields as investors have priced out a March rate hike by the Federal Reserve amid uncertainty about President Donald Trump's economic policies. "Any continued do
The Sri Lankan rupee ended steady on Thursday ahead of a long weekend as dollar sales by exporters offset demand for the US currency from banks to facilitate continuing exit of foreign investors from government securities, dealers said. Sri Lanka's stock
Most Asian currencies edged higher against the dollar on Thursday, with the rupiah touching a four-week high after Moody's Investors Service upgraded Indonesia's credit rating outlook to "positive" from "stable". Earlier in the session, the rupiah touched
China's yuan firmed against the dollar on Thursday as sliding US bond yields kept the greenback under pressure, though traders say talk of further falls in the Chinese currency may intensify over the short term. Traders said the Chinese currency market wa