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Print - 2017-03-25
Centre, KP take up new: CPEC projects, PSDP

Centre, KP take up new: CPEC projects, PSDP

The federal and Khyber Pakhtunkhwa governments have discussed new projects the provincial government intends to make part of the China-Pakistan Economic Corridor (CPEC) as well as PSDP allocations in the next fiscal year for the ongoing projects in the pr
Published 25 Mar, 2017 12:00am
Centre, KP take up new: CPEC projects, PSDP

Centre, KP take up new: CPEC projects, PSDP

The federal and Khyber Pakhtunkhwa governments have discussed new projects the provincial government intends to make part of the China-Pakistan Economic Corridor (CPEC) as well as PSDP allocations in the next fiscal year for the ongoing projects in the pr
Published 25 Mar, 2017 12:00am
Indian propaganda aimed at spreading unrest in AJK: CoAS

Indian propaganda aimed at spreading unrest in AJK: CoAS

Chief of Army Staff (CoAS) General Qamar Javed Bajwa on Friday visited the Line of Control (LoC) in Kel Sector and forward post at Sharda. According to Inter Services Public Relations (ISPR), the CoAS appreciated state of operational preparedness of troop
Published 25 Mar, 2017 12:00am
Indian propaganda aimed at spreading unrest in AJK: CoAS

Indian propaganda aimed at spreading unrest in AJK: CoAS

Chief of Army Staff (CoAS) General Qamar Javed Bajwa on Friday visited the Line of Control (LoC) in Kel Sector and forward post at Sharda. According to Inter Services Public Relations (ISPR), the CoAS appreciated state of operational preparedness of troop
Published 25 Mar, 2017 12:00am
TCC likely to claim damages

TCC likely to claim damages

Tethyan Copper Company (TCC) is expected to claim damages against Pakistan''s refusal to lease out gold and copper mines in Reko Diq in Balochistan''s Chagai district in International Center for Settlement of Investment Disputes (ICSID), high level source
Published 25 Mar, 2017 12:00am
TCC likely to claim damages

TCC likely to claim damages

Tethyan Copper Company (TCC) is expected to claim damages against Pakistan's refusal to lease out gold and copper mines in Reko Diq in Balochistan's Chagai district in International Center for Settlement of Investment Disputes (ICSID), high level sources
Published 25 Mar, 2017 12:00am
TCC likely to claim damages

TCC likely to claim damages

Tethyan Copper Company (TCC) is expected to claim damages against Pakistan's refusal to lease out gold and copper mines in Reko Diq in Balochistan's Chagai district in International Center for Settlement of Investment Disputes (ICSID), high level sources
Published 25 Mar, 2017 12:00am
New arrests as British police release photo of parliament attacker

New arrests as British police release photo of parliament attacker

British police said Friday they had made further "significant" arrests over the Islamist-inspired terror attack on parliament, as they released the first picture of the home-grown killer who left four people dead. Khalid Masood, a 52-year-old Briton with
Published 25 Mar, 2017 12:00am
New arrests as British police release photo of parliament attacker

New arrests as British police release photo of parliament attacker

British police said Friday they had made further "significant" arrests over the Islamist-inspired terror attack on parliament, as they released the first picture of the home-grown killer who left four people dead. Khalid Masood, a 52-year-old Briton with
Published 25 Mar, 2017 12:00am
Trump forced to pull health care bill in major setback

Trump forced to pull health care bill in major setback

Donald Trump suffered a major political blow Friday as he was forced to ask Republican leaders to pull an emblematic health care bill that failed to gather enough support in Congress. House Speaker Paul Ryan "talked to the president at three o'clock today
Published 25 Mar, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (March 24, 2017).

Published 25 Mar, 2017 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (March 24, 2017).

Published 25 Mar, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

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
Published 25 Mar, 2017 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

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
Published 25 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Mar, 2017 12:00am
Robot takes to stage in British 'Spillikin' play

Robot takes to stage in British 'Spillikin' play

When Judy Norman walks on stage for the play "Spillikin", she performs beside a somewhat different cast member - a humanoid robot. Featuring a "robothespian", the play brings love and technology together for a story about a robot maker who builds a robot
Published 25 Mar, 2017 12:00am
Bridge Notes: It pays to be logical

Bridge Notes: It pays to be logical

Not many of the good Bridge players hit the mark with accuracy when it comes to the opening bid in a defense of the contract lead by the opponents. Undoubtedly opening leads are not easy to comprehend especially when the contract is bid without giving awa
Published 25 Mar, 2017 12:00am
'Trophy' film tackles African hunting and conservation

'Trophy' film tackles African hunting and conservation

The new documentary "Trophy" opens in a sprawling corner of South Africa run by John Hume, who is praised by some as protecting the continent's rhinos from extinction and vilified by others for trying to turn the animals into cash spinners.
Published 25 Mar, 2017 12:00am
Directing a Smurfs flick, by the book

Directing a Smurfs flick, by the book

Kelly Asbury was 24 when he sought work as an animator with Hanna-Barbera Productions on the TV series "The Smurfs." He was turned down. Now, over 30 years later, Asbury is directing a new animated movie that reboots the franchise based on the popular lit
Published 25 Mar, 2017 12:00am
Gyllenhaal breathes 'Life' into alien invasion genre

Gyllenhaal breathes 'Life' into alien invasion genre

Eight decades after "Flash Gordon" hinted that aliens might not have our best interests at heart, mankind still risks destruction in the movies to make contact with extraterrestrial life. From Frederick Stephani's 1936 big screen serial through the $1.2 b
Published 25 Mar, 2017 12:00am
Scientists find how using 'satnav' switches off parts of brain

Scientists find how using 'satnav' switches off parts of brain

If you have long feared that using a "satnav" navigation system to get to your destination is making you worse at finding the way alone, research now suggests you may be right. Scientists studying what satnavs do to the brain have found that people using
Published 25 Mar, 2017 12:00am
Virtual reality brings home horror of hospital attacks

Virtual reality brings home horror of hospital attacks

Doctors and nurses bustle round a patient with a broken leg, when suddenly there is an explosion, darkness and panicked screams. Now imagine that patient is you. That is the experience the MSF medical charity is aiming for with a new virtual reality film
Published 25 Mar, 2017 12:00am
If you ghost do you throw shade? US dictionary adds new words

If you ghost do you throw shade? US dictionary adds new words

The next time someone throws shade at you for ghosting them so you can binge-watch a TV show or retreat to your safe space, you can let them know your behaviour has been recognised by the United States' leading dictionary publisher.
Published 25 Mar, 2017 12:00am
Breathe easy: nose shape was influenced by local climate

Breathe easy: nose shape was influenced by local climate

The human nose, in all its glorious forms, is one of our most distinctive characteristics, whether big, little, broad, narrow or somewhere in between. Scientists are now sniffing out some of the factors that drove the evolution of the human proboscis. Res
Published 25 Mar, 2017 12:00am
Secrets from smart devices find path to legal system

Secrets from smart devices find path to legal system

An Ohio man claimed he was forced into a hasty window escape when his house caught fire last year. His pacemaker data obtained by police showed otherwise, and he was charged with arson and insurance fraud. In Pennsylvania, authorities dismissed rape charg
Published 25 Mar, 2017 12:00am
TV may take biggest toll on school readiness for poor kids

TV may take biggest toll on school readiness for poor kids

Doctors often tell parents of young children to limit television time because it can interfere with learning and language development. Now, a US study suggests TV's impact on school readiness might be worse for poor kids than for more affluent children.
Published 25 Mar, 2017 12:00am
Preserving the memory of glaciers

Preserving the memory of glaciers

Locked up in about 140 metres (460 feet) of ice capping a Bolivian mountain lie 18,000 years of climate history, dating back to an epoch when humans were only just learning to farm. But this precious archive of environmental change since the last Ice Age
Published 25 Mar, 2017 12:00am
Art Facts: Imbued with colours of spring

Art Facts: Imbued with colours of spring

Imbued with colours of spring the paintings by Shahid Jalal welcomed the enthusiastic nature lovers who got delighted by the spring colours scattered on the canvases in the form of floral carpets in a solo exhibition titled "Flower Carpets of Lahore", at
Published 25 Mar, 2017 12:00am
The world's most expensive cities
Currency

The world's most expensive cities

Singapore remains the world's most expensive city to live in, a study showed on Tuesday, with two Japanese cities - Tokyo and Osaka - returning to the top 10 thanks to the strengthening of the yen. Almaty in Kazakhstan was the least expensive, followed by
Published 25 Mar, 2017 12:00am
Women experience an uneven playing field

Women experience an uneven playing field

International Women's Day is celebrated globally on 8 March every year to acknowledge the social, economic, cultural and political achievements of the women. This day is also a reminder to the world for collective and accelerated action to work together f
Published 25 Mar, 2017 12:00am
Karachi Chronicle: 'Call yourself Sindhi' campaign

Karachi Chronicle: 'Call yourself Sindhi' campaign

Syed Jalal Mehmood Shah, leader of Sindh United Party (SUP), speaking in Hyderabad two days before the start of the census exercise said, 'all those living in Sindh are Sindhis; therefore everyone of them, whether speaking any language, should mention Sin
Published 25 Mar, 2017 12:00am
CBOT corn futures down

CBOT corn futures down

Chicago Board of Trade corn futures fell to a seven week low on Wednesday, with forecasts for rain seen boosting crop prospects in both the United States and Brazil, traders said.Corn closed at session lows. Rain in Brazil will help yield potential for Br
Published 25 Mar, 2017 12:00am
Indonesia's February palm oil output likely to drop

Indonesia's February palm oil output likely to drop

Indonesia's crude palm oil (CPO) output likely dropped in February, extending the decline into a third straight month, a Reuters survey showed. CPO production in the world's top producer of the widely used oil likely slipped to 2.80 million tonnes in Febr
Published 25 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 2,998. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 4.65 billion and the number of lots traded was 8,442. Major business was contributed by cu
Published 25 Mar, 2017 12:00am
EU wheat futures fall to seven-week low
Currency

EU wheat futures fall to seven-week low

Euronext wheat futures fell to a seven-week low on Wednesday as they again faced strength in the euro, weaker US prices and selling pressure on price charts. Front-month May milling wheat, the most active on the Paris-based Euronext exchange, settled 2.25
Published 25 Mar, 2017 12:00am
Chinese steel, iron ore futures fall sharply

Chinese steel, iron ore futures fall sharply

Chinese steel and iron ore futures fell sharply for a second straight session on Wednesday as investors continued to cash in on recent gains even as the outlook in the physical market was supported by a seasonal pickup in demand. The losses in both commod
Published 25 Mar, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 242,484 tonnes of cargo comprising 181,080 tonnes of import cargo and 61,404 tonnes of export cargo including 5,525 loaded and empty containers during the last 48 hours ending at 0700 hours on Friday. The total import cargo of 181
Published 25 Mar, 2017 12:00am
Cotton yarn demand rises on modest trade activity
Cotton

Cotton yarn demand rises on modest trade activity

Cotton yarn demand improved on the cotton market on Friday amid modest trade activity, dealers said. The official spot rate was unchanged at Rs 6800, they said. In Punjab, prices of phutti were at Rs 3700-3800, as per 40 kg, they said. In ready session, a
Published 25 Mar, 2017 12:00am
CBOT soyabeans futures fall on huge US plantings

CBOT soyabeans futures fall on huge US plantings

Chicago Board of Trade soyabean futures dropped on Wednesday as traders eyed expectations of huge US plantings that would add to the already record global stockpile of the oilseed. Bargain buyers stepped into the market when prices for the most-active con
Published 25 Mar, 2017 12:00am
New York cotton nearly flat in muted trading
Cotton

New York cotton nearly flat in muted trading

ICE cotton futures were subdued on Thursday on muted speculative activity ahead of a federal acreage report due next week. The US Department of Agriculture will release its prospective crop plantings report on March 31. "We are coming to an index fund rol
Published 25 Mar, 2017 12:00am
Shanghai copper up
Currency

Shanghai copper up

Shanghai Futures Exchange copper edged up 0.3 percent to 47,100 yuan ($6,832) a tonne on Friday, with striking union members agreeing to return to work at the world's top copper mine, in Chile. China's refined metals imports were sharply lower in February
Published 25 Mar, 2017 12:00am
Copper ends week lower as world's top mine restarts

Copper ends week lower as world's top mine restarts

Copper fell on Friday, ending the week 2 percent lower after workers agreed to end a strike at the world's top copper mine in Chile. The price of copper in London dipped briefly on Thursday on news that the strike at BHP Billiton's Escondida mine had ende
Published 25 Mar, 2017 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures fell on Friday to the lowest since mid-December and lost nearly eight percent for the week, as softer Shanghai futures led the way and as investors adjusted positions ahead of an expiration of nearest contract on Monday.
Published 25 Mar, 2017 12:00am
Palm oil falls to one-week low, tracking weaker soyaoil

Palm oil falls to one-week low, tracking weaker soyaoil

Malaysian palm oil futures fell to their lowest in a week on Friday evening, tracking weaker performing related oils. Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange slipped 0.6 percent at 2,754 ringgit ($622.65) a
Published 25 Mar, 2017 12:00am
Arabica coffee drops under chart pressure, cocoa down

Arabica coffee drops under chart pressure, cocoa down

Arabica coffee on ICE Futures US on Friday dropped to the lowest since early January as cocoa futures also fell while raw sugar prices continued to recover from Wednesday's 10-month low. May arabica closed down 2.9 cents, or 2.06 percent, at $1.376 per lb
Published 25 Mar, 2017 12:00am
Gold edges down in New York

Gold edges down in New York

Gold slipped on Thursday as the dollar firmed, while palladium extended gains to hit a two-year high on economic data and demand from the automobile sector. Spot gold was down 0.3 percent at $1,245.26 an ounce by 2:21 pm EDT (1821 GMT), retreating from an
Published 25 Mar, 2017 12:00am
Gold slips in Asia

Gold slips in Asia

Gold prices edged lower on Friday against a backdrop of a rising dollar as markets waited to see whether US President Donald Trump succeeds in pushing through healthcare reforms, viewed as a potential bellwether for his ability to impose his economic and
Published 25 Mar, 2017 12:00am
Gold rises in Europe

Gold rises in Europe

Gold was on track for a second weekly gain on Friday as concern about the ability of US President Donald Trump to push legislation through Congress held the dollar near seven-week lows, making bullion cheaper for holders of other currencies. Spot gold was
Published 25 Mar, 2017 12:00am
US MIDDAY: soya and corn down

US MIDDAY: soya and corn down

US soyabean futures dropped 1 percent on Friday to their lowest in more than four months on pressure from rising forecasts for already-robust South American harvests, traders said. Corn futures also weakened, hitting their lowest since January 30. Wheat f
Published 25 Mar, 2017 12:00am
US MIDDAY: gold surges

US MIDDAY: gold surges

Gold rose on Friday, notching its second straight week of gains as concern about the ability of US President Donald Trump to push legislation through Congress pressured the dollar, making bullion cheaper for holders of other currencies. The dollar remaine
Published 25 Mar, 2017 12:00am
Smartphone maker Samsung backs away from planned split

Smartphone maker Samsung backs away from planned split

The world's biggest smartphone maker Samsung, assailed by a shambolic recall and embroiled in South Korea's wide-ranging corruption scandal, on Friday backed away from a planned corporate restructuring. Following the embarrassing recall of the Galaxy Note
Published 25 Mar, 2017 12:00am
US business spending picking up, but may slow in second quarter

US business spending picking up, but may slow in second quarter

New orders for US-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter.
Published 25 Mar, 2017 12:00am
Trump approves Keystone XL pipeline, says its a 'great day' for jobs

Trump approves Keystone XL pipeline, says its a 'great day' for jobs

True to his pledge, President Donald Trump gave final approval on Friday for TransCanada to build the controversial Keystone XL oil pipeline, overriding environmental concerns in favor of boosting jobs and energy supply. "It's a great day for American job
Published 25 Mar, 2017 12:00am
Portugal cuts deficit to lowest ratio since democracy

Portugal cuts deficit to lowest ratio since democracy

Portugal slashed its public sector deficit by more than half in a single year, when measured as s proportion of GDP, the national statistics bureau said Friday, taking the shortfall comfortably below eurozone limits. The deficit dropped to 2.1 percent of
Published 25 Mar, 2017 12:00am
Hong Kong recalls suspect Brazilian meat

Hong Kong recalls suspect Brazilian meat

Hong Kong said Friday it will recall Brazilian meat from 21 processing plants under investigation over a rotten meat scandal. The city, which is the biggest market for Brazilian beef, already issued a ban on all meat imports from the country earlier this
Published 25 Mar, 2017 12:00am
China inks $4.6 billion deal for Australia mine project

China inks $4.6 billion deal for Australia mine project

A state-owned Chinese construction giant Friday sealed a deal to build a Aus$6 billion (US$4.6 billion) mining infrastructure project to tap into resource-rich north-western Australia. Sydney-based BBI Group (BBIG) said the agreement with the China State
Published 25 Mar, 2017 12:00am
HSBC to boost China staff by up to 1,000 in 2017

HSBC to boost China staff by up to 1,000 in 2017

HSBC plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the business's regional head said, most of them in the Pearl River Delta, the heart of the bank's growth strategy in China. If that target
Published 25 Mar, 2017 12:00am
Russia cuts key rate in boost to struggling economy

Russia cuts key rate in boost to struggling economy

Russia's central bank cut its key rate Friday for the first time in six months and said more cuts were coming, offering a welcome boost to the country's struggling economy. Falling inflation gave the central bank the leeway to shave a quarter-point off it
Published 25 Mar, 2017 12:00am
Deutsche Bank picks new London Headquarters

Deutsche Bank picks new London Headquarters

Germany's Deutsche Bank revealed Friday that it has picked a site for its new British headquarters, highlighting its commitment to London despite looming Brexit. The lender has entered into exclusive talks with British property developer Land Securities o
Published 25 Mar, 2017 12:00am
Eurozone economy sparkles, lights way for ECB pull-back
Currency

Eurozone economy sparkles, lights way for ECB pull-back

If the latest surveys of business intentions are to be believed, the eurozone economy is sparkling, growing at a pace that easily explains the hints from some European Central Bank policymakers of a pull-back from their easy-money regime. IHS Markit's eur
Published 25 Mar, 2017 12:00am
IMF holds talks with Zambia over possible aid programme

IMF holds talks with Zambia over possible aid programme

The International Monetary Fund (IMF) said on Friday it held talks with Zambian authorities over the possibility of an aid programme, and said there was a range of facilities available for the southern African country. Zambia began talks with the IMF in M
Published 25 Mar, 2017 12:00am