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Oct 12, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-03-04
CBOT wheat futures up nearly three percent

CBOT wheat futures up nearly three percent

Wheat futures on the Chicago Board of Trade rose nearly 3 percent on Wednesday on fund-driven buying at the start of the new month, and support from a large Egyptian wheat purchase a day earlier, traders said. CBOT May wheat settled up 13-1/4 cents at $4.
Published 04 Mar, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Thursday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,111. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 5.83 billion and the number of lots traded was 16,160. Major business was contributed by g
Published 04 Mar, 2017 12:00am
EU wheat futures rise to seven-month high

EU wheat futures rise to seven-month high

European wheat futures extended gains on Wednesday to hit their highest in around seven months, tracking a rally in Chicago. A huge purchase of over half a million tonnes of wheat by Egypt in a tender on Tuesday, including a first sale of French wheat thi
Published 04 Mar, 2017 12:00am
US natural gas prices fall on record warm winter

US natural gas prices fall on record warm winter

US natural gas prices have fallen 30 percent since the start of the year as demand this winter fell to the lowest in four years due to the warmest weather on record in December, January and February. Those low prices, however, may not last long since the
Published 04 Mar, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 111,108 tonnes of cargo comprising 98,138 tonnes of import cargo and 12,970 tonnes of export cargo including 3,227 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 98,1
Published 04 Mar, 2017 12:00am
Cotton prices touch season's high
Cotton

Cotton prices touch season's high

Prices touched seasonal high level on renewed buying by mills and spinners, dealers said on the cotton market on Friday. The official spot rate was unchanged at Rs 6700, they said. In Punjab, Phutti prices were unchanged at Rs 3500-3750, as per 40 kg, the
Published 04 Mar, 2017 12:00am
Ukraine's February grain exports fall

Ukraine's February grain exports fall

Ukraine's grain exports dropped to 2.864 million tonnes in February from 2.92 million tonnes in January, the agriculture ministry said on Wednesday. The data provided by the ministry shows that the volume included 1.8 million tonnes of maize and 842,000 t
Published 04 Mar, 2017 12:00am
CBOT corn futures up on speculative buying

CBOT corn futures up on speculative buying

Corn futures on the Chicago Board of Trade ended higher on Wednesday for a second straight session on speculative buying at the start of a new month and prospects for increased use of corn for ethanol, traders said. CBOT May corn settled up 8-1/4 cents at
Published 04 Mar, 2017 12:00am
LSE logs solid earnings

LSE logs solid earnings

The London Stock Exchange logged solid results and ramped up its shareholder dividend Friday amid worries over the likely collapse of its merger with Deutsche Boerse. The results were published just days after it emerged that LSE's blockbuster tie-up with
Published 04 Mar, 2017 12:00am
Eurozone private sector business growth near 6-year high
Currency

Eurozone private sector business growth near 6-year high

Eurozone private sector business activity rose at its quickest pace in nearly six years in February, accelerating across all major economies with job creation reaching its fastest in almost a decade, surveys showed on Friday. The data, which came alongsid
Published 04 Mar, 2017 12:00am
Japan consumer prices rise for first time in year

Japan consumer prices rise for first time in year

Japan's core consumer prices rose for the first time in over a year in January thanks to a pickup in energy costs, but a slump in household spending showed why economic growth and inflation have lagged the more ambitious goals set out by policymakers. As
Published 04 Mar, 2017 12:00am
Nigeria charges oil majors Shell, Eni with corruption

Nigeria charges oil majors Shell, Eni with corruption

Nigeria's anti-graft agency on Thursday filed corruption charges against oil majors Shell and Eni over a $1.3 billion offshore block deal. The Economic and Financial Crimes Commission (EFCC) accused 11 defendants of "official corruption", according to cou
Published 04 Mar, 2017 12:00am
UK economy's strong growth since Brexit vote starts to slow

UK economy's strong growth since Brexit vote starts to slow

Britain's unexpectedly strong economic growth since last June's Brexit vote may be starting to fade as inflation picks up, according to a major business survey that chimed with notes of caution from several top companies. Slowing consumer spending started
Published 04 Mar, 2017 12:00am
Britain mulls inquiry into Fox's Sky deal

Britain mulls inquiry into Fox's Sky deal

Britain's Culture Minister Karen Bradley said Friday she is considering asking for a regulatory investigation into whether 21st Century Fox's multi-billion dollar take-over of Sky is ethical. In a statement, Bradley confirmed that Sky and 21st Century Fox
Published 04 Mar, 2017 12:00am
Areva narrows losses in 2016

Areva narrows losses in 2016

The troubled French nuclear reactor builder Areva said Wednesday that it sharply narrowed its losses last year, thanks to an ongoing restructuring programme. In the red for the sixth year in a row, Areva said it booked a bottom-line loss of 665 million eu
Published 04 Mar, 2017 12:00am
Hong Kong retail sales slip
Currency

Hong Kong retail sales slip

Hong Kong's retail sales fell for the 23rd straight month in January, with a strong local dollar hurting tourism and business activity although the drop narrowed against the previous month. Retail sales slid 0.9 percent from a year earlier to HK$43.1 bill
Published 04 Mar, 2017 12:00am
Yahoo's handling of hack costs chief her bonus

Yahoo's handling of hack costs chief her bonus

Yahoo chief executive Marissa Mayer lost an annual bonus and the company counsel his job after an investigation showed the company mishandled an epic hack, the tech firm said Wednesday. "I am the CEO of the company and since this incident happened during
Published 04 Mar, 2017 12:00am
Taiwan exports to jump

Taiwan exports to jump

Taiwan's February exports likely rose at its strongest pace in four years on solid tech demand, but the expected surge may be largely due to a holiday distortion, a Reuters poll showed. Exports were forecast to have expanded 16.8 percent from a year earli
Published 04 Mar, 2017 12:00am
Italy's ENI narrows losses in 2016

Italy's ENI narrows losses in 2016

Italian energy giant ENI said Wednesday that it narrowed its losses in 2016, but its bottom-line was still hit by the slump in crude oil prices and the year-end net loss came in wider than expected. ENI said in a statement it booked a net loss of 1.46 bil
Published 04 Mar, 2017 12:00am
Italy's ENI narrows losses in 2016

Italy's ENI narrows losses in 2016

Italian energy giant ENI said Wednesday that it narrowed its losses in 2016, but its bottom-line was still hit by the slump in crude oil prices and the year-end net loss came in wider than expected. ENI said in a statement it booked a net loss of 1.46 bil
Published 04 Mar, 2017 12:00am
Basel regulators say determined to finalise bank rules

Basel regulators say determined to finalise bank rules

Global banking regulators said they had narrowed their differences over a suite of new capital rules for banks and remain determined to finish the work, but did not give a date when it would be completed. The Basel Committee of banking supervisors from th
Published 04 Mar, 2017 12:00am
Toronto home prices jump 24 percent

Toronto home prices jump 24 percent

Toronto home prices surged 23.8 percent in February from a year earlier due in part to fewer listings, according to a report that is likely to add to concerns that a bubble is developing in the Canadian city's housing market. The Toronto Real Estate Board
Published 04 Mar, 2017 12:00am
Malaysia holds key rate, says economy recovering
Currency

Malaysia holds key rate, says economy recovering

Malaysia's central bank kept its key rate unchanged on Thursday as expected, and expressed optimism that the better growth momentum seen in late 2016 can be sustained through this year. Most economists predicted the key rate will remain at 3.0 percent the
Published 04 Mar, 2017 12:00am
Qatar population booms on back of 2022 World Cup

Qatar population booms on back of 2022 World Cup

Qatar's population has swollen by almost 40 per cent since the emirate was chosen to the host the 2022 World Cup, official government figures have revealed. The country's population stands at a record 2.67 million, figures just published from the Ministry
Published 04 Mar, 2017 12:00am
Sri Lankan shares at over three-week low

Sri Lankan shares at over three-week low

Sri Lankan shares on Friday hit their lowest close in more than three weeks, as investors sold telecom shares and on concerns over rising interest rates. The Colombo stock index ended down 0.42 percent at 6,101.51, its lowest close since February 9. The b
Published 04 Mar, 2017 12:00am
Tokyo stocks fall, Nintendo up on new console

Tokyo stocks fall, Nintendo up on new console

Tokyo shares finished lower on Friday after three days of gains, but Nintendo jumped as the videogame giant launched its newest console. A rally in the dollar against the yen Thursday boosted exporters and led to an initial advance but Tokyo's main indexe
Published 04 Mar, 2017 12:00am
Friday's early trade: stocks slip ahead of Yellen's speech

Friday's early trade: stocks slip ahead of Yellen's speech

The S&P 500 and the Dow were set for their first back-to-back losses since late-January on Friday, as investors preferred to wait and watch Federal Reserve Chair Janet Yellen's speech for a steer on the chances of an interest rate hike this month.
Published 04 Mar, 2017 12:00am
Wall Street retreats; Caterpillar, financials fall

Wall Street retreats; Caterpillar, financials fall

US stocks retreated on Thursday, led by financial stocks, while Caterpillar shares dropped following news that federal officials searched its Illinois facilities. Caterpillar, down 4.3 percent at $94.36, was the biggest drag on the Dow and among the bigge
Published 04 Mar, 2017 12:00am
Hong Kong stocks tumble

Hong Kong stocks tumble

Hong Kong's benchmark share index closed at a one-month low on Friday, pulled down by profit-taking pressure as investors fretted that anticipated higher US interest rates will raise borrowing costs. Investors also kept in view China's annual parliament m
Published 04 Mar, 2017 12:00am
Two-year Treasury yields hit highest since 2009

Two-year Treasury yields hit highest since 2009

US two-year Treasury yields hit their highest in more than 7-1/2 years on Thursday, while other US yields hit multi-week or multi-month highs on increasing expectations that the Federal Reserve will raise interest rates at its March meeting.
Published 04 Mar, 2017 12:00am
Two-year Treasury yields hit highest since 2009

Two-year Treasury yields hit highest since 2009

US two-year Treasury yields hit their highest in more than 7-1/2 years on Thursday, while other US yields hit multi-week or multi-month highs on increasing expectations that the Federal Reserve will raise interest rates at its March meeting.
Published 04 Mar, 2017 12:00am
Indian shares little changed

Indian shares little changed

Indian shares ended little changed on Friday, but posted their first weekly fall in six, as investors booked profits after a rally that lifted the benchmark indexes to near two-year highs in the previous session. The broader NSE index closed down 0.02 per
Published 04 Mar, 2017 12:00am
Australian, New Zealand shares decline

Australian, New Zealand shares decline

Australian shares ended lower on Friday, shadowing Wall Street which took a breather from a strong run, with materials and financials leading the broad-based selloff. The S&P/ASX 200 index ended 0.8 percent, or 46.588 points, down at 5,730.00, posting its
Published 04 Mar, 2017 12:00am
China stocks fall

China stocks fall

China stocks fell on Friday and saw a streak of weekly gains end at three as investors awaited an annual parliament meeting that's likely to send more signals of painful reform than market-friendly stimulus. The blue-chip CSI300 index fell 0.2 percent, to
Published 04 Mar, 2017 12:00am
European shares enjoy best weekly gains of 2017, French banks up

European shares enjoy best weekly gains of 2017, French banks up

European shares posted their best weekly gains of 2017 of Friday, although they were down on the day following disappointing company updates. French stocks performed better after a poll eased anxieties over the impact on markets of the presidential electi
Published 04 Mar, 2017 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks fell on Friday, tracking broader Asia, as investors booked profits ahead of the weekend. The main TAIEX index fell 0.3 percent to 9,658.61 points as of 0127 GMT, after closing up 0.2 percent in the previous session. The electronics subindex
Published 04 Mar, 2017 12:00am
Most Southeast Asian stocks fall

Most Southeast Asian stocks fall

Most Southeast Asian stock markets ended lower on Friday as investors turned cautious ahead of a speech by US Federal Reserve Chair Janet Yellen, with expectations growing the Fed would raise interest rates soon. Several Fed officials have recently voiced
Published 04 Mar, 2017 12:00am
FTSE slips as WPP, miners weigh, but posts weekly gain

FTSE slips as WPP, miners weigh, but posts weekly gain

Britain's top share index retreated on Friday, weighed down by a raft of disappointing earnings updates as well as weakness in the mining sector. The blue chip FTSE 100 index was down 0.1 percent at 7,374.26 points by 1630 GMT, having hit a record high in
Published 04 Mar, 2017 12:00am
Dollar slips in Asia
Currency

Dollar slips in Asia

The dollar slipped on Friday but remained on track for a solid weekly gain on growing expectations the US Federal Reserve will raise interest rates at its mid-March meeting, which led to a rise in US Treasury yields. The dollar index, which gauges the gre
Published 04 Mar, 2017 12:00am
Dollar stalls in Europe

Dollar stalls in Europe

The dollar stalled after two days of strong gains on Friday, with nerves around a speech by Federal Reserve chief Janet Yellen due later in the day adding to factors that have held back a broader rally this year. A poll showing centrist candidate Emmanuel
Published 04 Mar, 2017 12:00am
Early trade in New York: Dollar retreats ahead of Yellen speech

Early trade in New York: Dollar retreats ahead of Yellen speech

The dollar weakened against a basket of major currencies on Friday ahead of a speech by Federal Reserve chief Janet Yellen that could affirm expectations for an interest rate hike on March 15. The dollar is up about 0.74 percent this week, its fourth stra
Published 04 Mar, 2017 12:00am
Dollar gains in New York as March rate hike seen more likely
Currency

Dollar gains in New York as March rate hike seen more likely

The dollar rose to a seven week high against a basket of currencies on Thursday, after hawkish comments by a Federal Reserve official late on Wednesday encouraged investors to expect a near-term interest rate hike. Fed Governor Lael Brainard said an impro
Published 04 Mar, 2017 12:00am
Yuan breaches 6.9/dollar
Currency

Yuan breaches 6.9/dollar

China's yuan fell against the dollar on Friday and weakened past a key psychological level for the first time in one-and-a-half months, as the greenback continued to gain momentum on expectations of higher US interest rates. Traders said the pressure on t
Published 04 Mar, 2017 12:00am
Most Asian currencies fall
Currency

Most Asian currencies fall

Most emerging Asian currencies fell against the dollar on Friday and were also on track for weekly losses, pressured by growing expectations for a US Federal Reserve interest rate hike this month. Leading the losses were the South Korean won and the Taiwa
Published 04 Mar, 2017 12:00am
Sterling hits seven-week low
Currency

Sterling hits seven-week low

Sterling hit a seven-week low on Friday against a dollar boosted by expectations of an imminent US interest rate hike, after more UK data, this time from the dominant services sector, suggested the economy could be running out of steam. A weaker-than-expe
Published 04 Mar, 2017 12:00am
Aussie, kiwi at multi-week lows
Currency

Aussie, kiwi at multi-week lows

The Australian and New Zealand dollars languished at multi-week lows on Friday as the greenback strengthened on rising expectations the US Federal Reserve will hike interest rates as early as this month. The Australian dollar slipped 0.3 percent to $0.755
Published 04 Mar, 2017 12:00am
Inspiring quotes replace names on Swedish women's football shirts

Inspiring quotes replace names on Swedish women's football shirts

The Swedish women's football team have replaced their names on the backs of their blue and yellow jerseys with quotes they hope will inspire and motivate girls, they said Friday. "Believe in your damn self," reads the back of midfielder Lisa Dahlqvist's j
Published 04 Mar, 2017 12:00am
Record pay as Chinese league hits Britain

Record pay as Chinese league hits Britain

The Chinese Super League will take another step towards global recognition when it returns this week, boasting some of the world's best-paid players and a growing audience including live broadcasts in Britain. When Argentina's Carlos Tevez makes his leagu
Published 04 Mar, 2017 12:00am
Kohli unconcerned by Australia's 'mind games'

Kohli unconcerned by Australia's 'mind games'

Virat Kohli on Friday dismissed Australia's claim that India are under pressure following their heavy opening Test defeat as "mind games", insisting there will be no repeat performance in the second clash. Steve Smith's Australia side, who started the fou
Published 04 Mar, 2017 12:00am
France's first football superstar Kopa dies

France's first football superstar Kopa dies

French football legend Raymond Kopa, who won the European Cup three times with Real Madrid in the 1950s, died Friday aged 85 after a long illness. Tributes poured in for the player who was the first to blaze the trail from the French league to Europe's gl
Published 04 Mar, 2017 12:00am
Torres counts days to return after head clash

Torres counts days to return after head clash

The clash of heads reverberated around the stadium, everyone watching feared the worse, but Fernando Torres was only looking forward to getting back to training on Friday. The 32-year-old Spanish striker was rushed to hospital unconscious after being hit
Published 04 Mar, 2017 12:00am
Bale banned for two games over red card

Bale banned for two games over red card

The Spanish football federation on Friday banned Real Madrid star Gareth Bale for two matches for his red card against Las Palmas this week. Bale was also fined 600 euros ($634) after he was ordered off for twice kicking out at Jonathan Viera and then pus
Published 04 Mar, 2017 12:00am
Sri Lanka pile on runs

Sri Lanka pile on runs

Dinesh Chandimal scored an entertaining 190 for a Sri Lankan Board President's XI Friday as Bangladesh's bowlers took a battering in a warm-up match ahead of next week's first Test. The unbeaten Chandimal, who was captaining the hosts, smashed seven sixes
Published 04 Mar, 2017 12:00am
Wapda win CM Volleyball Championship

Wapda win CM Volleyball Championship

Spirited Pakistan Wapda clinched the trophy after upsetting Pakistan Army in the thrilling final of the Chief Minister Khyber Pakhtunkhwa National Under-23 Volleyball Championship played here at indoor hall of PSB Coaching Center on Friday. Chairman, Paki
Published 04 Mar, 2017 12:00am
Linette battles into semis at WTA Malaysian Open

Linette battles into semis at WTA Malaysian Open

Magda Linette served up the biggest upset of the WTA Malaysian Open in Kuala Lumpur on Friday, after the Pole saw off fifth seed Duan Ying-Ying 7-6 (7/3), 4-6, 6-1 and move into the semifinals. The world number 93 needed two hours 15 minutes to dispose of
Published 04 Mar, 2017 12:00am
New Zealand look to spin for Proteas Tests

New Zealand look to spin for Proteas Tests

New Zealand have boosted their spin options against South Africa by including Jeetan Patel in a 13-man squad for the three-Test series against the Proteas beginning next week. Off-spinner Patel and all-rounder Jimmy Neesham were the two players recalled t
Published 04 Mar, 2017 12:00am
Kyrgios stuns Djokovic

Kyrgios stuns Djokovic

Australian bad boy Nick Kyrgios shocked Novak Djokovic in straight sets at the Mexico Open, dealing a major blow to the world number two's hopes of regaining his mantle of invincibility. The 21-year-old Kyrgios overpowered Djokovic with 25 aces in the 7-6
Published 04 Mar, 2017 12:00am
Drought claims lives of 35 peacocks in Tharparkar

Drought claims lives of 35 peacocks in Tharparkar

The starvation caused by delayed or little rains has claimed the lives of 35 peacocks in district Tharparkar last month. It was reported by monitoring and rescue teams dispatched to Tharparkar by the Sindh Wildlife Department after consultation with the l
Published 04 Mar, 2017 12:00am
CA firm presents report on fixation of UFG

CA firm presents report on fixation of UFG

KPMG Taseer Hadi (Chartered Accountants), a consultant appointed by Oil and Gas Regulatory Authority (OGRA) for Unaccounted for Gas (UFG) has presented its report based on the views of all stakeholders here on Friday. The OGRA had appointed the country's
Published 04 Mar, 2017 12:00am
ICI approves purchase of Wyeth's manufacturing facility

ICI approves purchase of Wyeth's manufacturing facility

The Board of Directors of ICI Pakistan Limited has approved the purchase of a manufacturing facility owned by Wyeth Pakistan Limited local at SITE Karachi. According to material information sent to Pakistan Stock Exchange on Friday, it is along with the a
Published 04 Mar, 2017 12:00am
SCB announces annual results for 2016

SCB announces annual results for 2016

Standard Chartered Bank (Pakistan) Limited has announced its Annual Results for the year 2016. The Bank delivered resilient financial performance with Profit before tax of PKR 15.3 billion in 2016 compared to PKR 15.4 billion in 2015. Revenue was lower by
Published 04 Mar, 2017 12:00am
SCB announces annual results for 2016

SCB announces annual results for 2016

Standard Chartered Bank (Pakistan) Limited has announced its Annual Results for the year 2016. The Bank delivered resilient financial performance with Profit before tax of PKR 15.3 billion in 2016 compared to PKR 15.4 billion in 2015. Revenue was lower by
Published 04 Mar, 2017 12:00am
Sindh governor assures full security for foreign delegations

Sindh governor assures full security for foreign delegations

Governor Sindh Muhammad Zubair has said that Sindh government realises the importance of foreign delegations visiting Karachi, and as such full security would be provided to them. This he said while talking to a delegation of Employers Federation of Pakis
Published 04 Mar, 2017 12:00am
Drug worth Rs 10 million seized

Drug worth Rs 10 million seized

Model Collectorate Customs (MCC), Preventive on Friday claimed to have seized substantial quantity of amphetamine and hashish worth Rs 10 million from Doha bound passenger. According to details, the staff posted at international departure of Jinnah Intern
Published 04 Mar, 2017 12:00am
Office-bearers for PPP Larkana, five districts announced

Office-bearers for PPP Larkana, five districts announced

Chairman, Pakistan Peoples Party, Bilawal Bhutto Zardari on Friday announced the office-bearers for PPP Larkana division and its four districts after a long organisational process initiated last year with the dissolution of old bodies and formation of Pro
Published 04 Mar, 2017 12:00am
Wine shops closed across province, SHC told

Wine shops closed across province, SHC told

The Sindh High Court (SHC) on Friday was informed by the provincial government that all wine shops across Sindh have been sealed following its orders. Ghulam Mustafa Mahesar, the provincial law officer, submitted the compliance report on behalf of excise
Published 04 Mar, 2017 12:00am
Kati urges CM to monitor ongoing uplift work

Kati urges CM to monitor ongoing uplift work

The chairman of the law and order sub-committee of the Korangi Association of Trade and industry (KATI), Nadeen Khan, urged Chief Minister Sindh Syed Murad Ali Shah to personally supervise ongoing development work in the city. He said that complaints have
Published 04 Mar, 2017 12:00am
HRCP proposes three models for Gilgit-Baltistan

HRCP proposes three models for Gilgit-Baltistan

Human Rights Commission of Pakistan (HRCP) has strongly recommended to the federal government to resolve the issue of the constitutional status of Gilgit-Baltistan as soon as possible. The recommendations were made by a HRCP fact-finding mission to Gilgit
Published 04 Mar, 2017 12:00am
FCCI hails FBR chief's assurance

FCCI hails FBR chief's assurance

Faisalabad Chamber of Commerce and Industry has welcomed the categorical assurance of Chairman Federal Board of Revenue (FBR) Dr Muhammad Irshad that the tax officials would not enter into the premises of any industrial or business concern in order to for
Published 04 Mar, 2017 12:00am
Bankers accuse media of creating hype for PSL tickets' sales
Currency

Bankers accuse media of creating hype for PSL tickets' sales

Bankers at the Bank of Punjab (BoP) have criticised media for creating hype of Pakistan Super League (PSL) final without inquiring about the number of tickets received by the Bank. One branch manager, requesting anonymity, told this scribe that he had rec
Published 04 Mar, 2017 12:00am
Medical facilities: Punjab government working on a mega project: Shahbaz

Medical facilities: Punjab government working on a mega project: Shahbaz

Punjab Chief Minister Shehbaz Sharif Friday chaired a high-level meeting, to review progress on the health reforms program and efforts to improve healthcare system. Addressing the meeting, Shehbaz said providing quality medical facility is the joint respo
Published 04 Mar, 2017 12:00am
PSL final Health department finalises arrangements

PSL final Health department finalises arrangements

The health department has finalised all necessary arrangements on the occasion of final of PSL being staged in Lahore on March 5. Sir Ganga Ram Hospital has set up a temporary six-bed hospital at a hotel where players and foreign guests are staying while
Published 04 Mar, 2017 12:00am
ACCA, SECP sign MoU for 'investors' education

ACCA, SECP sign MoU for 'investors' education

ACCA (the Association of Chartered Certified Accountants) recently signed a Memo of Understanding (MoU) with Securities and Exchange Commission Pakistan (SECP) as both ACCA and SECP share a common vision of advancing public interest and are committed towa
Published 04 Mar, 2017 12:00am
Miftah proposes SEZ to promote forestry investment

Miftah proposes SEZ to promote forestry investment

Board of Investment (BOI) Chairman and Special Assistant to the Prime Minister Dr Miftah Ismail has proposed setting up of a Special Economic Zone (SEZ) to promote forestry investment which will lead to creating new job opportunities in the region.
Published 04 Mar, 2017 12:00am
Tevta Punjab stands second in fifth IHKOG

Tevta Punjab stands second in fifth IHKOG

Technical Education and Vocational Training Authority (Tevta) Punjab stood second at fifth International House Keeping Olympic Games (IHKOG) held at Antalya-Turkey. A group of five TEVTA teachers won the said position in a competition amongst 17 countries
Published 04 Mar, 2017 12:00am
Power sector's outstanding amount jumps to Rs 414 billion

Power sector's outstanding amount jumps to Rs 414 billion

On February 15, 2017, the total overdue amounts to the Power sector, including GENCOs stood at Rs 414 billion, said the sources. They said approximately Rs 160 billion out of this relates to overdue payments from CPPA-G owed to GENCOs and NTDC while the b
Published 04 Mar, 2017 12:00am
Allied Hospital to conduct kidney transplantations

Allied Hospital to conduct kidney transplantations

Punjab Human Organ Transplant Authority (PHOTA) has recognised and registered Allied Hospital for conducting the procedure of Kidney Transplantation after complete medical and technical evaluation. The kidney transplantation operations would be started ve
Published 04 Mar, 2017 12:00am
SBP, CBI to sign agreement: Wathra

SBP, CBI to sign agreement: Wathra

The State Bank of Pakistan (SBP) and the Central Bank of Iran (CBI) are going to sign an agreement that would allow the exporters to settle claims through their respective central banks. The State Bank's Governor Ashraf Mahmood Wathra disclosed this while
Published 04 Mar, 2017 12:00am
CM KP approves flyover to link Motorway with GT Road

CM KP approves flyover to link Motorway with GT Road

Chief Minister Khyber Pakhtunkhwa Pervez Khattak in principle approved Zakori Flyover-II connecting Motorway to G.T Road at Peshawar entrance, Warsak, Nasir Bagh and Pajaggi Flyover, Budhni Pull in Peshawar and Jawar Chowk Flyover and Katlang flyover in M
Published 04 Mar, 2017 12:00am
Sial assumes charge as 13th SG of Saarc

Sial assumes charge as 13th SG of Saarc

Senior Pakistani diplomat Amjad Hussain B Sial has assumed the charge as the 13th Secretary General of South Asian Association for Regional Co-operation (SAARC) from March 01, 2017, Foreign Office said. The development came following India withdrew its "r
Published 04 Mar, 2017 12:00am
Doaba Canal inaugurated in Charsada

Doaba Canal inaugurated in Charsada

Qaumi Watan Party (QWP) Chairman, Aftab Ahmad Khan Sherpao along with Khyber Pakhtunkhwa Senior Minister for Irrigation, Sikandar Khan Sherpao formally inaugurated the Doaba Canal on Friday to irrigate 33,977 acres of agriculture land, benefiting resident
Published 04 Mar, 2017 12:00am
SECP registers 854 companies in February

SECP registers 854 companies in February

The SECP registered 854 companies in February 2017. The corporate growth that witnessed a good momentum during 2016 is continuing during 2017. The number of companies registered with SECP during February 2017 has exhibited a remarkable growth of 71 percen
Published 04 Mar, 2017 12:00am
Absence of officials irks NA body

Absence of officials irks NA body

The sub-committee of National Assembly Standing Committee on Interior and Narcotics Control on Friday expressed serious displeasure over non-serious attitude of Ministry of Interior as well as absence of its senior officials from the meeting.
Published 04 Mar, 2017 12:00am
Ministry seeks state protection, support price for cotton crop
Cotton

Ministry seeks state protection, support price for cotton crop

Ministry of Textile Industry has sought state protection and support price for cotton crop to arrest its continuing fall, as crop production came down from 14 million bales to 10 million bales during the last two years. The country is spending huge foreig
Published 04 Mar, 2017 12:00am
Chinese firm's chief calls on PM

Chinese firm's chief calls on PM

Xu Ziqiu, Chairman China Shipbuilding Company called on the Prime Minister Nawaz Sharif at PM House Islamabad, here on Friday. The Prime Minister stated that government has seriously focused on improvement in agriculture, industrial and services sectors.
Published 04 Mar, 2017 12:00am
Partly Facetious: Man who shall remain nameless
Cotton

Partly Facetious: Man who shall remain nameless

"The capital is not abuzz with Mian sahib's prime ministerial handling of the Economic Co-ordination Organisation summit where member countries dignitaries got to see a Saville Row clad Prime Minister..."
Published 04 Mar, 2017 12:00am
OPF housing scheme: NA body summons DCO, CDA chief

OPF housing scheme: NA body summons DCO, CDA chief

National Assembly Committee on Overseas Pakistanis and Human Resource Development summoned DCO Islamabad, revenue officers Islamabad, chairman CDA and FWO high-ups to resolve the issues of OPF Housing Scheme Zone-V Islamabad, for its timely completion. Th
Published 04 Mar, 2017 12:00am
Pesco officers directed to reduce line losses

Pesco officers directed to reduce line losses

The new Chief Executive Officer (CEO), Peshawar Electricity Supply Company (PESCO), Engineer Shabir Ahmad has given targets to all Superintending Engineers (SEs) for reduction in line losses, enhancement of recovery, 100 percent photo meter reading and ER
Published 04 Mar, 2017 12:00am
IHC rejects Hotel Grand Hyatt's plea

IHC rejects Hotel Grand Hyatt's plea

Islamabad High Court on Friday rejected the plea of Hotel Grand Hyatt seeking remedy against Capital Development Authority's cancellation of lease deed of 13.5 acres of land allotted to BNP, a company, for construction of the five-star hotel. The court al
Published 04 Mar, 2017 12:00am
Lucky Cement clinches MAP excellence award 2016

Lucky Cement clinches MAP excellence award 2016

Lucky Cement Limited has won the Management Association of Pakistan's Top "Amir S. Chinoy Corporate Excellence Award 2016" in the Industrial category amongst all corporate sector organisations in Pakistan. The company was competing for the award amongst 1
Published 04 Mar, 2017 12:00am
Balochistan lawmakers demand raise in Hajj quota

Balochistan lawmakers demand raise in Hajj quota

The Provincial Assembly of Balochistan transacted most of Private Members agenda including adoption of a resolution demanding raise in Hajj quota for Balochistan, while lack of quorum led to early adjournment of sitting on Thursday, observed Free and Fair
Published 04 Mar, 2017 12:00am
Elahi raises questions over Punjab government's responsibility

Elahi raises questions over Punjab government's responsibility

Pakistan Muslim League-Q (PML-Q) senior leader and former deputy prime minister Chaudhry Pervez Elahi has criticised the PML-N led Punjab government for calling army to hold PSL final match in Lahore. "If the Punjab government cannot arrange six-hour matc
Published 04 Mar, 2017 12:00am
Jatoi says government to support local auto manufacturing

Jatoi says government to support local auto manufacturing

The Federal Minister for Industries and Production, Ghulam Murtaza Khan Jatoi, said that the government will support local manufacturers to increase export and help them capture international markets. Inaugurating Pakistan Auto Show (PAPS), which was held
Published 04 Mar, 2017 12:00am
Shahbaz stresses unity

Shahbaz stresses unity

Punjab Chief Minister Shahbaz Sharif has said that Pakistan is for all of us and we should jointly work for the progress and prosperity of the country. He said the country is more in need of unity and harmony today than before. He expressed these views wh
Published 04 Mar, 2017 12:00am
SECP reports defaulting broker to global securities regulators

SECP reports defaulting broker to global securities regulators

The Securities and Exchange Commission of Pakistan (SECP) has reported MR Securities, the Lahore-based stockbroker involved in financial fraud, to international securities regulators through the International Organisation of Securities Commissions (IOSCO)
Published 04 Mar, 2017 12:00am
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