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Oct 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-03-06
Pak Oman's BoD recommends eight percent cash dividend for shareholders

Pak Oman's BoD recommends eight percent cash dividend for shareholders

The 83rd meeting of the Board of Directors (BoD) of Pak Oman Investment Company (Pak Oman) was recently held in Karachi. Yahya Al-Jabri presided over the meeting where Bahauddin Khan, Managing Director Pak Oman, updated the BoD regarding the ensuing strat
Published 06 Mar, 2017 12:00am
Futures spread down by 504 basis points

Futures spread down by 504 basis points

The futures spread declined by 504bps to 6.64 percent during the outgoing week ended March 3, 2017. Trading activities on the futures counter remained thin as average daily trading volumes decreased by 62.9 percent to 47.91 million shares.
Published 06 Mar, 2017 12:00am
Pak Oman's BoD recommends eight percent cash dividend for shareholders

Pak Oman's BoD recommends eight percent cash dividend for shareholders

The 83rd meeting of the Board of Directors (BoD) of Pak Oman Investment Company (Pak Oman) was recently held in Karachi. Yahya Al-Jabri presided over the meeting where Bahauddin Khan, Managing Director Pak Oman, updated the BoD regarding the ensuing strat
Published 06 Mar, 2017 12:00am
Futures spread down by 504 basis points

Futures spread down by 504 basis points

The futures spread declined by 504bps to 6.64 percent during the outgoing week ended March 3, 2017. Trading activities on the futures counter remained thin as average daily trading volumes decreased by 62.9 percent to 47.91 million shares.
Published 06 Mar, 2017 12:00am
ORIX Leasing Pakistan Ltd gets MAP Award

ORIX Leasing Pakistan Ltd gets MAP Award

ORIX Leasing Pakistan Limited has received Management Association of Pakistan's (MAP) 32nd Corporate Excellence Award in the Leasing & Modaraba Category for the second year in a row.
Published 06 Mar, 2017 12:00am
Futures spread down by 504 basis points

Futures spread down by 504 basis points

The futures spread declined by 504bps to 6.64 percent during the outgoing week ended March 3, 2017. Trading activities on the futures counter remained thin as average daily trading volumes decreased by 62.9 percent to 47.91 million shares.
Published 06 Mar, 2017 12:00am
Over 3,700 illegal immigrants rounded up in 2017: Police

Over 3,700 illegal immigrants rounded up in 2017: Police

The Sindh Police on Sunday claimed to have arrested as many as 3717 illegal immigrants during the first two months of 2017 and registered cases against them. Among them 2759 foreigners were rounded up for residing in Karachi illegally.
Published 06 Mar, 2017 12:00am
Futures spread down by 504 basis points

Futures spread down by 504 basis points

The futures spread declined by 504bps to 6.64 percent during the outgoing week ended March 3, 2017. Trading activities on the futures counter remained thin as average daily trading volumes decreased by 62.9 percent to 47.91 million shares.
Published 06 Mar, 2017 12:00am
Businessmen suffer due to closure of Pak-Afghan border

Businessmen suffer due to closure of Pak-Afghan border

The closure of Pak-Afghan border after law and order issues has affected business activities on both sides of the border. The business of typha, wooden beams and bamboo products in Bannu has also suffered a setback after the border closure.
Published 06 Mar, 2017 12:00am
Mixed trend witnessed

Mixed trend witnessed

Pakistan Stock Exchange witnessed a mixed trend during the outgoing week ended on March 3, 2017. However, healthy buying during last two days of the week supported the KSE-100 index to close in positive at 49,623.81 points, with net gain of 615.81 points
Published 06 Mar, 2017 12:00am
HCCI supports decision of APCTA

HCCI supports decision of APCTA

The Senior Vice President of Hyderabad Chamber of Commerce and Industry, Turab Ali Khawaja has said on Sunday that the traders of Hyderabad support the decisions of All Pakistan Chambers and Traders Associations including FBR taxation to be given under Ka
Published 06 Mar, 2017 12:00am
Mixed trend witnessed

Mixed trend witnessed

Pakistan Stock Exchange witnessed a mixed trend during the outgoing week ended on March 3, 2017. However, healthy buying during last two days of the week supported the KSE-100 index to close in positive at 49,623.81 points, with net gain of 615.81 points
Published 06 Mar, 2017 12:00am
Separate Directorate General of Customs proposed for CPEC trade

Separate Directorate General of Customs proposed for CPEC trade

Pakistan Customs has proposed to establish separate Directorate General of Customs for smooth operations under China-Pakistan Economic Corridor (CPEC). The proposal on CPEC project, which the customs enforcement Karachi forwarded to the authorities concer
Published 06 Mar, 2017 12:00am
Mixed trend witnessed

Mixed trend witnessed

Pakistan Stock Exchange witnessed a mixed trend during the outgoing week ended on March 3, 2017. However, healthy buying during last two days of the week supported the KSE-100 index to close in positive at 49,623.81 points, with net gain of 615.81 points
Published 06 Mar, 2017 12:00am
UN reports Antarctica's highest temperatures on record

UN reports Antarctica's highest temperatures on record

The UN's World Meteorological Organisation published the highest temperatures on record in three Antarctic zones on Wednesday, setting a benchmark for studying how climate change is affecting this crucial region.
Published 06 Mar, 2017 12:00am
China cuts growth goal

China cuts growth goal

China has cut its growth target this year as the world''s second-largest economy pushes through painful reforms to address a rapid build-up in debt, and erects a "firewall" against financial risks. China aims to expand its economy by around 6.5 percent, P
Published 06 Mar, 2017 12:00am
China cuts growth goal

China cuts growth goal

China has cut its growth target this year as the world's second-largest economy pushes through painful reforms to address a rapid build-up in debt, and erects a "firewall" against financial risks. China aims to expand its economy by around 6.5 percent, Pr
Published 06 Mar, 2017 12:00am
Flu drugs not harmful for unborn babies: study

Flu drugs not harmful for unborn babies: study

Unborn children suffer no harm when their mothers take flu medication during pregnancy, a study of some 700,000 women said on Wednesday. It was the largest study ever to assess the potential risks of taking oseltamivir or zanamivir (better known as Tamifl
Published 06 Mar, 2017 12:00am
China cuts growth goal

China cuts growth goal

China has cut its growth target this year as the world's second-largest economy pushes through painful reforms to address a rapid build-up in debt, and erects a "firewall" against financial risks. China aims to expand its economy by around 6.5 percent, Pr
Published 06 Mar, 2017 12:00am
New research may boost availability of organs for transplant

New research may boost availability of organs for transplant

A new scientific advance could boost the number of donated organs available for transplant, and possibly reduce a critical shortage that leads to thousands of deaths each year, researchers said on Wednesday.
Published 06 Mar, 2017 12:00am
Time-barred ST refunds: FBR order set aside

Time-barred ST refunds: FBR order set aside

The Lahore High Court (LHC) has set aside the Federal Board of Revenue (FBR) order which rejected the taxpayer''s application seeking condonation of time limitation to claim time-barred sales tax refunds. It is reliably learnt that LHC has turned down the
Published 06 Mar, 2017 12:00am
Dying of hunger: What is a famine?

Dying of hunger: What is a famine?

From ancient Rome to modern times, mankind has suffered devastating periods of hunger caused by drought, war or misguided politics. Last week South Sudan was declared the site of the world's first famine in six years, affecting about 100,000 people. Here
Published 06 Mar, 2017 12:00am
Time-barred ST refunds: FBR order set aside

Time-barred ST refunds: FBR order set aside

The Lahore High Court (LHC) has set aside the Federal Board of Revenue (FBR) order which rejected the taxpayer's application seeking condonation of time limitation to claim time-barred sales tax refunds. It is reliably learnt that LHC has turned down the
Published 06 Mar, 2017 12:00am
'Chance of El Nino at 50 percent in 2017'

'Chance of El Nino at 50 percent in 2017'

The chance of an El Nino in 2017 has increased in the last two weeks, the Australian Bureau of Meteorology (BOM) said on Tuesday, indicating a 50 percent chance the weather event resurfaces over the next six months. The BOM said the eastern Pacific Ocean
Published 06 Mar, 2017 12:00am
Time-barred ST refunds: FBR order set aside

Time-barred ST refunds: FBR order set aside

The Lahore High Court (LHC) has set aside the Federal Board of Revenue (FBR) order which rejected the taxpayer's application seeking condonation of time limitation to claim time-barred sales tax refunds. It is reliably learnt that LHC has turned down the
Published 06 Mar, 2017 12:00am
Birth defects jump 20 times in Zika-hit mothers: study

Birth defects jump 20 times in Zika-hit mothers: study

Pregnant women infected with the Zika virus last year were 20 times more likely to bear children with birth defects than those who gave birth prior to the epidemic, US health officials said on Thursday.
Published 06 Mar, 2017 12:00am
Proposed FTA: Pakistan, Turkey still struggle to reach deal
Cotton

Proposed FTA: Pakistan, Turkey still struggle to reach deal

Pakistan is reportedly unconvinced with the offer of Turkey to include items of Pakistan interest in the proposed Free Trade Agreement (FTA), well-informed sources told Business Recorder. Both countries have discussed the proposed FTA at the level of thei
Published 06 Mar, 2017 12:00am
Wearable gadgets seek permanent place in users' lives

Wearable gadgets seek permanent place in users' lives

Consumers are snapping up fitness trackers, smartwatches and other connected wearable gadgets - but huge numbers wind up in drawers unused after just a few months once the novelty wears off. "Abandonment has been a big problem with wearable products," sai
Published 06 Mar, 2017 12:00am
Proposed FTA: Pakistan, Turkey still struggle to reach deal
Cotton

Proposed FTA: Pakistan, Turkey still struggle to reach deal

Pakistan is reportedly unconvinced with the offer of Turkey to include items of Pakistan interest in the proposed Free Trade Agreement (FTA), well-informed sources told Business Recorder. Both countries have discussed the proposed FTA at the level of thei
Published 06 Mar, 2017 12:00am
Dumbphones survive in emerging markets

Dumbphones survive in emerging markets

Dumbphones - handsets that just make calls and send texts - were set to disappear as technology moved on, but they have survived in emerging markets and among nostalgics of simpler devices in the West. Their continued appeal was underscored on Sunday in B
Published 06 Mar, 2017 12:00am
Proposed FTA: Pakistan, Turkey still struggle to reach deal
Cotton

Proposed FTA: Pakistan, Turkey still struggle to reach deal

Pakistan is reportedly unconvinced with the offer of Turkey to include items of Pakistan interest in the proposed Free Trade Agreement (FTA), well-informed sources told Business Recorder. Both countries have discussed the proposed FTA at the level of thei
Published 06 Mar, 2017 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

Firmness persisted on the money market as the rupee held its present levels versus the dollar during the week, ended on March 04, 2017. In the inter-bank market, the rupee almost traded in terms of the dollar for buying and selling at Rs 104.85 and Rs 104
Published 06 Mar, 2017 12:00am
Number of phone users to cross five billion by mid-2017

Number of phone users to cross five billion by mid-2017

The number of mobile phone users globally will surpass five billion by the middle of this year, according to a study released Monday by GSMA, the association of mobile operators. With populations in Asia, and notably India, on the rise, the number, which
Published 06 Mar, 2017 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

Firmness persisted on the money market as the rupee held its present levels versus the dollar during the week, ended on March 04, 2017. In the inter-bank market, the rupee almost traded in terms of the dollar for buying and selling at Rs 104.85 and Rs 104
Published 06 Mar, 2017 12:00am
NTT Communications expands DDoS protection services

NTT Communications expands DDoS protection services

NTT Communications Corporation, the global data and IP services arm of Fortune Global 500 telecom leader NTT, announced February 28 that it is expanding its Distributed Denial of Service Protection Services (DPS). The expanded suite of services will enabl
Published 06 Mar, 2017 12:00am
Google rolls out AI tool to combat online trolls

Google rolls out AI tool to combat online trolls

Google on February 24 said it will begin offering media groups an artificial intelligence tool designed to stamp out incendiary comments on their websites. The programming tool, called Perspective, aims to assist editors trying to moderate discussions by
Published 06 Mar, 2017 12:00am
Swiss Life lifts dividend after full-year profit rise

Swiss Life lifts dividend after full-year profit rise

Swiss Life boosted its dividend to 11 Swiss francs per share for 2016 after reporting a 5 percent rise in full-year net profit to 926 million Swiss francs ($915 million) on Friday. The dividend proposal was ahead of the average forecast in a Reuters analy
Published 06 Mar, 2017 12:00am
Swiss Life lifts dividend after full-year profit rise

Swiss Life lifts dividend after full-year profit rise

Swiss Life boosted its dividend to 11 Swiss francs per share for 2016 after reporting a 5 percent rise in full-year net profit to 926 million Swiss francs ($915 million) on Friday. The dividend proposal was ahead of the average forecast in a Reuters analy
Published 06 Mar, 2017 12:00am
Nordex to increase R&D spending

Nordex to increase R&D spending

Germany's Nordex, the world's fifth-biggest wind turbine maker, said it would raise spending on development by a quarter and could cut jobs after price pressure and project delays forced it to slash its 2018 revenue guidance.
Published 06 Mar, 2017 12:00am
Scotiabank's first quarter results underwhelm analysts

Scotiabank's first quarter results underwhelm analysts

Bank of Nova Scotia, Canada's third-biggest lender, reported improved first-quarter earnings that appeared to be just ahead of market expectations but which underwhelmed banking analysts. Scotiabank said net income in the first quarter to Jan.31 was C$2 b
Published 06 Mar, 2017 12:00am
Allied Irish ready to IPO, resumes dividend payments

Allied Irish ready to IPO, resumes dividend payments

Allied Irish Banks (AIB) became the first domestic-owned Irish lender to restart dividends since the financial crash almost a decade ago, proposing a 250 million euro ($263 million) payment and saying it was ready to IPO this year. Finance minister Michae
Published 06 Mar, 2017 12:00am
Allied Irish ready to IPO, resumes dividend payments

Allied Irish ready to IPO, resumes dividend payments

Allied Irish Banks (AIB) became the first domestic-owned Irish lender to restart dividends since the financial crash almost a decade ago, proposing a 250 million euro ($263 million) payment and saying it was ready to IPO this year. Finance minister Michae
Published 06 Mar, 2017 12:00am
Areva narrows losses in 2016

Areva narrows losses in 2016

The troubled French nuclear reactor builder Areva said on 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
Published 06 Mar, 2017 12:00am
Areva narrows losses in 2016

Areva narrows losses in 2016

The troubled French nuclear reactor builder Areva said on 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
Published 06 Mar, 2017 12:00am
HKEX 2016 profit slides on weak trading volumes

HKEX 2016 profit slides on weak trading volumes

Hong Kong's stock exchange operator said on Monday its 2016 net profit fell 27 percent due to a decline in fees generated by stocks and metals trading on the bourse as it struggled to match stellar volumes seen during 2015's record rally.
Published 06 Mar, 2017 12:00am
Credit Suisse sees more lending to the world's wealthy

Credit Suisse sees more lending to the world's wealthy

Credit Suisse expects higher lending to the world's wealthiest individuals will help its big bet on wealth management pay off. Around a third of the 30.2 billion Swiss francs ($29.8 billion) of net new assets taken in last year at its International Wealth
Published 06 Mar, 2017 12:00am
Messi makes Barca believe, Benzema leads Madrid

Messi makes Barca believe, Benzema leads Madrid

Lionel Messi dazzled with two goals and two assists as Barcelona thrashed Celta Vigo 5-0 in their first game since coach Luis Enrique announced he will leave at the end of the season. Real Madrid remain just one point behind Barca at the top of La Liga an
Published 06 Mar, 2017 12:00am
Boxing: Unbeaten Thurman wins welterweight unification bout

Boxing: Unbeaten Thurman wins welterweight unification bout

WBA champ Keith Thurman defeated Danny Garcia by a split decision Saturday night to claim the WBC welterweight belt in a unification clash between a pair of unbeaten champions. Thurman successfully defended his title for the third time, winning a tactical
Published 06 Mar, 2017 12:00am
Barty claims Malaysian Open title

Barty claims Malaysian Open title

Ashleigh Barty fired on all cylinders to clinch the WTA Malaysian Open title after she brushed aside Japan's Nao Hibino 6-3, 6-2 in 73 minutes in Kuala Lumpur on Sunday. The Australian, who had come through the qualifiers and only dropped a set en route t
Published 06 Mar, 2017 12:00am
Alpine skiing: Goggia completes Olympic test double

Alpine skiing: Goggia completes Olympic test double

Lightning struck twice as Italy's Sofia Goggia won her second World Cup event in two days with victory in the Super-G at the 2018 Winter Olympic venue on Sunday. Twenty four hours after securing her first-ever World Cup win at Jeongseon, Goggia edged out
Published 06 Mar, 2017 12:00am
Querrey shocks Nadal to lift ATP Acapulco title

Querrey shocks Nadal to lift ATP Acapulco title

Unseeded American Sam Querrey stunned second-seeded Rafael Nadal 6-3, 7-6 (7/3) on Saturday to win the ATP Mexico Open and end the Spaniard's run of perfection in Acapulco. Querrey, ranked 40th in the world, fired 19 aces, backed up by powerful, precise g
Published 06 Mar, 2017 12:00am
Kynard stretches high jump title run to eight

Kynard stretches high jump title run to eight

London Olympic high jump runner-up Erik Kynard captured his eighth consecutive national title Saturday at the US Indoor Track and Field Championships while Gwen Berry and Noah Lyles set world bests. Kynard, who settled for sixth last year at the Rio Olymp
Published 06 Mar, 2017 12:00am
Minnows Bangladesh see best chance to beat Sri Lanka

Minnows Bangladesh see best chance to beat Sri Lanka

Bangladesh will be hoping to improve their woeful away record with a win against an under-strength Sri Lankan side when a two-Test series against the hosts gets underway in Galle on Tuesday. The Test minnows have won just three of their 45 away matches -
Published 06 Mar, 2017 12:00am
Kane double keeps Spurs in title hunt

Kane double keeps Spurs in title hunt

Harry Kane extended his hot streak with a blistering brace as Tottenham beat Everton 3-2 to close the gap on leaders Chelsea to seven points on Sunday. Kane opened the scoring with a thunderous first-half strike at White Hart Lane and netted again after t
Published 06 Mar, 2017 12:00am
Marsh, Renshaw give Australia edge in 2nd Test

Marsh, Renshaw give Australia edge in 2nd Test

Opener Matt Renshaw said managing a challenging pitch would be the key to defeating India after his dogged half-century helped Australia take a crucial first-innings lead in the second Test on Sunday. The left-hander, who started the day on 15, made a 196
Published 06 Mar, 2017 12:00am
Deutsche Bank announces eight billion euro rights issue

Deutsche Bank announces eight billion euro rights issue

Deutsche Bank is planning to raise capital, list its asset management business and realign its divisions as it seeks to reinvent itself after spending about two years dealing with past misdeeds and massive losses. The strategic revamp decided at a supervi
Published 06 Mar, 2017 12:00am
Tight market governs US housing recovery: analysts

Tight market governs US housing recovery: analysts

The US housing market, a key economic driver, is exceedingly tight, with supply struggling to meet demand as the sector recovers a decade after the housing crisis, analysts say. But persistent and pent-up demand among would-be homeowners could spur builde
Published 06 Mar, 2017 12:00am
Iraq to get $12.3 billion loan for UK contracts

Iraq to get $12.3 billion loan for UK contracts

Britain agreed on Sunday to arrange 10 billion pounds ($12.3 billion) in loans to finance infrastructure projects in Iraq over a 10 year period, a program that would only benefit British companies, an Iraqi minister said in Baghdad. The two countries sign
Published 06 Mar, 2017 12:00am
Ukraine reaches preliminary agreement with IMF

Ukraine reaches preliminary agreement with IMF

The International Monetary Fund said Saturday it had reached a preliminary agreement with Ukraine that could see the war-scarred and cashed-starved nation receive fresh aid in the first half of the year. The news was particularly good for the ex-Soviet re
Published 06 Mar, 2017 12:00am
Emaar appoints new chief executive

Emaar appoints new chief executive

Dubai-based developer Emaar Properties PJSC said on Sunday that it has hired a new chief executive to head development.
Published 06 Mar, 2017 12:00am
Chinese protest against South Korea's Lotte

Chinese protest against South Korea's Lotte

Dozens of people holding Chairman Mao posters protested in China's Jilin province on Sunday, calling for a boycott of South Korean goods as part of a backlash against the country's Lotte Group. The retail giant has faced growing opposition in China since
Published 06 Mar, 2017 12:00am
Egypt's non-oil business activity shrinks
Currency

Egypt's non-oil business activity shrinks

Business activity in Egypt shrank for the 17th consecutive month in February although the pace of decline slowed from a month before, a survey showed on Sunday. The Emirates NBD Egypt Purchasing Managers' Index (PMI) for the non-oil private sector came in
Published 06 Mar, 2017 12:00am
UK needs financial reserves in the tank for Brexit: Hammond

UK needs financial reserves in the tank for Brexit: Hammond

Britain's finance minister Philip Hammond said he would keep "reserves in the tank" to see the economy through its looming Brexit challenge, signalling little room for extra spending in this week's budget despite better news on borrowing.
Published 06 Mar, 2017 12:00am
Saudi tourism authority to loan 397 million riyals in 2017

Saudi tourism authority to loan 397 million riyals in 2017

Saudi Arabia's Commission for Tourism and National Heritage has set aside 397 million riyals ($105.86 million) for 2017 to support a new lending program for hospitality and tourism projects, according to a statement on state news agency SPA. The announcem
Published 06 Mar, 2017 12:00am
Saudi non-oil economic growth hits 18-month high

Saudi non-oil economic growth hits 18-month high

Saudi Arabia's non-oil private sector grew at its fastest pace for 18 months in February as new orders of goods and services increased sharply, although employment growth slowed, a survey of companies showed on Sunday. The seasonally adjusted Emirates NBD
Published 06 Mar, 2017 12:00am
Tsipras warns Greek uncertainty 'not smart'

Tsipras warns Greek uncertainty 'not smart'

Drawing out Greece's troubled fiscal talks and creating uncertainty during tough times for Europe is not a smart choice, Greek Prime Minister Alexis Tsipras warned on Sunday. Greece's EU and IMF creditors have been locked for months in a stand-off over de
Published 06 Mar, 2017 12:00am
Nigeria plans new savings bonds aimed at retail investors

Nigeria plans new savings bonds aimed at retail investors

Nigeria plans to target retail investors with a new savings bond that will go on sale this month, the Debt Management Office said on Wednesday. Two- and three-year maturities will be offered, with interest paid quarterly. The interest rate has yet to be a
Published 06 Mar, 2017 12:00am
Nigeria plans new savings bonds aimed at retail investors

Nigeria plans new savings bonds aimed at retail investors

Nigeria plans to target retail investors with a new savings bond that will go on sale this month, the Debt Management Office said on Wednesday. Two- and three-year maturities will be offered, with interest paid quarterly. The interest rate has yet to be a
Published 06 Mar, 2017 12:00am
Malaysia's currency curbs boomerang on bond markets
Currency

Malaysia's currency curbs boomerang on bond markets

When Malaysia forced foreign investors in its markets not to dabble in offshore derivatives in its currency last year, its target was speculative pressure on the ringgit, but it appears to have shot itself in the foot. The ringgit was the weakest currency
Published 06 Mar, 2017 12:00am
Malaysia's currency curbs boomerang on bond markets
Currency

Malaysia's currency curbs boomerang on bond markets

When Malaysia forced foreign investors in its markets not to dabble in offshore derivatives in its currency last year, its target was speculative pressure on the ringgit, but it appears to have shot itself in the foot. The ringgit was the weakest currency
Published 06 Mar, 2017 12:00am
UK investors add to US/eurozone stocks, eye French risk

UK investors add to US/eurozone stocks, eye French risk

British fund managers raised their US and eurozone equity exposure in February, a Reuters monthly poll showed on Tuesday, but some expressed concerns about growing European political risk given the turbulent French election campaign.
Published 06 Mar, 2017 12:00am
UK investors add to US/eurozone stocks, eye French risk

UK investors add to US/eurozone stocks, eye French risk

British fund managers raised their US and eurozone equity exposure in February, a Reuters monthly poll showed on Tuesday, but some expressed concerns about growing European political risk given the turbulent French election campaign.
Published 06 Mar, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Sunday. 79.40-79.40 (previous 79.40-79.40).
Published 06 Mar, 2017 12:00am
US energy stocks, darlings last year, stumble in 2017

US energy stocks, darlings last year, stumble in 2017

The energy sector is the stock market's dud so far in 2017 after a banner performance in 2016, and the rest of the year may also be rocky for investors due to the unclear path for crude oil prices.
Published 06 Mar, 2017 12:00am
Global funds trim stocks, wary on French elections
Currency

Global funds trim stocks, wary on French elections

Global investors trimmed their equities exposure in February, with many arguing that markets had become too complacent about risks stemming from Europe's election calendar after a recent blistering stock market rally.
Published 06 Mar, 2017 12:00am
Global funds trim stocks, wary on French elections
Currency

Global funds trim stocks, wary on French elections

Global investors trimmed their equities exposure in February, with many arguing that markets had become too complacent about risks stemming from Europe's election calendar after a recent blistering stock market rally.
Published 06 Mar, 2017 12:00am
As Wall Street surges, more are worried about valuation

As Wall Street surges, more are worried about valuation

The US stock market's surge since the election has reignited a debate on valuation and whether the market can go higher still after hitting some significant milestones. The Dow on Wednesday soared above 21,000 points for the first time following President
Published 06 Mar, 2017 12:00am
Rand rally seen losing steam
Currency

Rand rally seen losing steam

South Africa's rand rally is probably on its last legs as positive emerging market sentiment fades and contentious issues in local politics come to the fore, a Reuters poll found on Thursday. The start of South Africa's credit ratings reviews next month,
Published 06 Mar, 2017 12:00am
Thai king strips wanted monk of his rank

Thai king strips wanted monk of his rank

The former Buddhist abbot at the heart of a stand-off with authorities at Thailand's biggest temple has been stripped of his monastic rank by the king, the military government said on Sunday. The symbolic step comes more than two weeks after police surrou
Published 06 Mar, 2017 12:00am
In day of pro-Trump rallies, California march turns violent

In day of pro-Trump rallies, California march turns violent

Supporters at a Saturday rally in favour of President Donald Trump clashed with counter-protesters in the famously left-leaning city of Berkeley, California, in what appeared to be the only episode of violence around several pro-Trump events across the co
Published 06 Mar, 2017 12:00am
Thousands flee anti-IS offensives in Iraq and Syria

Thousands flee anti-IS offensives in Iraq and Syria

Tens of thousands of civilians have fled offensives against the Islamic State group in Iraq and Syria, where the jihadists are battling to keep what remains of their territory, the UN said Sunday. IS overran large areas of both countries in 2014, declarin
Published 06 Mar, 2017 12:00am
China's premier rules out Taiwan, Hong Kong independence

China's premier rules out Taiwan, Hong Kong independence

China will firmly oppose Taiwan "separatism", Premier Li Keqiang declared Sunday, following tension with US President Donald Trump over the island, and said Hong Kong independence moves would "lead nowhere".
Published 06 Mar, 2017 12:00am
Powerful aftershock hits Philippine city

Powerful aftershock hits Philippine city

One person was killed and 41 injured on Sunday when a powerful aftershock hit a southern Philippine city still recovering from a quake last month, authorities said The 5.9-magnitude quake struck the southern city of Surigao and surrounding areas, causing
Published 06 Mar, 2017 12:00am
Sri Lanka rejects UN call for foreign judges in war probe

Sri Lanka rejects UN call for foreign judges in war probe

Sri Lankan President Maithripala Sirisena has rejected a fresh appeal from the United Nations to allow international judges to investigate alleged war-era atrocities, vowing to not prosecute soldiers.
Published 06 Mar, 2017 12:00am
Senate, NA to meet today

Senate, NA to meet today

The Senate and National Assembly sessions will start at the Parliament House in Islamabad on Monday. The Senate will resume its session at three in the afternoon after two-day break. The 40th session of the National Assembly will start at four in the afte
Published 06 Mar, 2017 12:00am
3D mineral survey planned in Sindh, Balochistan

3D mineral survey planned in Sindh, Balochistan

The Geological Survey of Pakistan (GSP) is expected to launch a 3D mineral survey in potential areas of Sindh and Balochistan to assess metallic mineral reserves of iron, copper, gold, silver, molybdenum. The survey will likely cost around Rs 663 million.
Published 06 Mar, 2017 12:00am
British envoy announces winners of UK Alumni Awards

British envoy announces winners of UK Alumni Awards

Thomas Drew, the British High Commissioner to Pakistan has announced the winners of UK Alumni Awards 2017 here at a gala award ceremony. Umar Saif was awarded the Professional Achievement Award; Ahmed Daniyal Siddiqui was awarded the Entrepreneurial achie
Published 06 Mar, 2017 12:00am
Jirga demands accountability in uplift projects

Jirga demands accountability in uplift projects

Deploring the alleged corruption in development projects, the Mehsud tribal Jirga on Sunday demanded of the Governor Khyber Pakhtunkhwa to ensure accountability and transparency in the development projects to curb the menace of corruption. Mehsud tribal e
Published 06 Mar, 2017 12:00am
Khattak for early completion of power projects

Khattak for early completion of power projects

Chief Minister of Khyber Pakhtunkhwa Pervez Khattak has directed to complete the power generation projects in the province in a minimum possible time and provision of electricity to the flood affected areas in Chitral.
Published 06 Mar, 2017 12:00am
Commissioners asked to gear up anti-encroachment drive

Commissioners asked to gear up anti-encroachment drive

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed the divisional commissioners to gear up anti-encroachment drive in their respective divisions adding that removal of encroachment in cities along roads and public properties is one of the top p
Published 06 Mar, 2017 12:00am
Contaminated water: PTI leader urges LG minister to resign

Contaminated water: PTI leader urges LG minister to resign

Pakistan Tehreek-e-Insaf (PTI) PS-112 MPA Khurrum Sherzaman demands the resignation of Sindh Local Government Minister over the recent news that the water supply in 13 districts of Sindh is unfit for human consumption.
Published 06 Mar, 2017 12:00am
Inspector martyred, four terrorists held

Inspector martyred, four terrorists held

A police inspector was martyred while a deputy superintendent of police was injured during an encounter between the counter-terrorism department (CTD) personnel and terrorists in Sahiwal on Saturday night.
Published 06 Mar, 2017 12:00am
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