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Print - 2017-04-05
SU alumni association's UK chapterformed

SU alumni association's UK chapterformed

The University of Sindh has formed the Sindh University Alumni Association (SUAA) United Kingdom Chapter with the aim to unite all ex-students of the varsity and plan future activities including annual gatherings of notable alumni and creating employment,
Published 05 Apr, 2017 12:00am
Soneri Bank agrees to accept JCB card on its ATMs

Soneri Bank agrees to accept JCB card on its ATMs

Soneri Bank, one of the fastest growing banks in Pakistan, operates with over 285 branches nation-wide with the mission to provide innovative and efficient financial solutions to its customers. The bank has recently started accepting international JCB car
Published 05 Apr, 2017 12:00am
Wall Street down on weak auto sales, doubts about Trump agenda

Wall Street down on weak auto sales, doubts about Trump agenda

Wall Street closed slightly lower on Monday as March auto sales disappointed and investors questioned whether the Trump administration would deliver on its pro-business economic stimulus. Stocks had risen to record highs on Trump's promises to cut taxes,
Published 05 Apr, 2017 12:00am
IAP marks Insurance Day

IAP marks Insurance Day

The chairman of the Insurance Association of Pakistan (IAP), Hassan Ali Abdullah, said on Tuesday the industry has always been willing to assist its clientele. Addressing a news conference on World Insurance Day, he said Insurance Day is observed in Pakis
Published 05 Apr, 2017 12:00am
China, HK and India markets closed
Currency

China, HK and India markets closed

Stocks, financial and commodity markets in China, Hong and India on Tuesday. Hong Kong's markets will be closed on Tuesday, April 4, for a public holiday. Markets will resume trade on Wednesday, April 5. China financial markets, closed on Monday and Tuesd
Published 05 Apr, 2017 12:00am
Lasbela Chamber seeks SEZ in Lasbela

Lasbela Chamber seeks SEZ in Lasbela

The Lasbela Chamber of Commerce and Industry (LCCI) has suggested that Lasbela district should be given priority in establishment of the special economic zone by the Special Economic Zone Authority of Balochistan under the relevant legal provisions as soo
Published 05 Apr, 2017 12:00am
Treasury yields tumble

Treasury yields tumble

US Treasury yields fell on Monday, with benchmark 10-year yields touching more than one-month lows, after weaker-than-expected US auto sales and reallocation into US government debt at the start of the quarter boosted demand. Yields on 10-year US Treasury
Published 05 Apr, 2017 12:00am
Treasury yields tumble

Treasury yields tumble

US Treasury yields fell on Monday, with benchmark 10-year yields touching more than one-month lows, after weaker-than-expected US auto sales and reallocation into US government debt at the start of the quarter boosted demand. Yields on 10-year US Treasury
Published 05 Apr, 2017 12:00am
ECP bans use of social media websites

ECP bans use of social media websites

The Election Commission of Pakistan (ECP) on Tuesday banned the use of social media websites through official accounts in its offices across the country. The ECP Secretariat including its provincial and on-field offices have been barred from using Faceboo
Published 05 Apr, 2017 12:00am
Australian shares down, New Zealand up

Australian shares down, New Zealand up

Australian shares ended lower on Tuesday as losses in financials eclipsed gains in the material sector in a session marked by a general rise in global risk aversion. Earlier in the day, the Reserve Bank of Australia kept rates at a record low of 1.5 perce
Published 05 Apr, 2017 12:00am
PTCL wins Women Empowerment Award

PTCL wins Women Empowerment Award

In recognition for their progressive gender policies and best practices for empowering women at work, PTCL has been awarded the 'EFP Award for Excellence in Women Empowerment 2017' at the International Women's Day Conference, organised by the Employer's F
Published 05 Apr, 2017 12:00am
Tokyo stocks lower

Tokyo stocks lower

Tokyo benchmark stock index fell to a 10-week low Tuesday as a rise in the yen hit exporters after a deadly subway explosion in Russia, while Toshiba plunged almost 10 percent on fresh fears about a possible delisting. Eleven people were killed and dozens
Published 05 Apr, 2017 12:00am
PIA recovers 15kg heroin from its parked aircraft

PIA recovers 15kg heroin from its parked aircraft

Pakistan International Airlines (PIA) on Tuesday claimed to have recovered huge quantity of heroin worth millions of rupees from its B-777 aircraft, parked at the hangar in Karachi for C-check. "PIA's security department with the assistance of Anti-Narcot
Published 05 Apr, 2017 12:00am
European shares inch up after choppy day helped by oil stocks
Currency

European shares inch up after choppy day helped by oil stocks

The muted start to the second quarter continued on Tuesday with European shares ending a choppy session slightly in positive territory as gains in oil-related stocks and miners more than offset weakness in the autos sector. The pan-European STOXX 600 inde
Published 05 Apr, 2017 12:00am
Seafood export surges 13 percent

Seafood export surges 13 percent

Pakistan's seafood export surged by 13 percent to $239.798 million in July-Feb 2017, according to the official figures. Rise in the seafood export now stands at $27.577 million in July-Feb 2017 from $212.221 million in July-Feb 2016, Pakistan Bureau of St
Published 05 Apr, 2017 12:00am
Sri Lankan shares climbs

Sri Lankan shares climbs

Sri Lankan shares hit their highest closing in more than six weeks on Tuesday, as foreign buying boosted sentiment while block deals lifted the day's turnover, stockbrokers said. The Colombo stock index ended 1.1 percent firmer at 6,146.69, its highest cl
Published 05 Apr, 2017 12:00am
Adviser asks PIA to raise capacity of engineering department

Adviser asks PIA to raise capacity of engineering department

Advisor to Prime Minister on Aviation, Sardar Mehtab Ahmed Khan, directed the relevant officials of Pakistan International Airline (PIA) that all efforts should be made to produce optimum results within given resources in the shortest possible time for im
Published 05 Apr, 2017 12:00am
Most Southeast Asian stocks up; Indonesia at record high

Most Southeast Asian stocks up; Indonesia at record high

Most Southeast Asian stock markets ended slightly higher on Tuesday ahead of a meeting between US President Donald Trump and his Chinese counterpart later this week, while Indonesia closed at a record high and the Philippines ended at an over 5-month high
Published 05 Apr, 2017 12:00am
Petrol shortage: Sindh CM seeks report

Petrol shortage: Sindh CM seeks report

Sindh Chief Minister Syed Murad Ali Shah Tuesday sought a report from Secretary Transport Sindh Taha Farooqui over the shortage of petrol and diesel in the province, particularly Karachi. The Chief Minister expressed concern over the shortage due to a str
Published 05 Apr, 2017 12:00am
FTSE leads European peers as energy and industrials stocks gain

FTSE leads European peers as energy and industrials stocks gain

British shares outperformed European peers on Tuesday, helped by the energy and industrials sectors, while supermarket firms Sainsbury and Morrison fell on poor sales data. The FTSE 100 ended up 0.5 percent, outperforming the more hesitant Europe-wide STO
Published 05 Apr, 2017 12:00am
SBP renews status of JCR-VIS, Pacra as ECAIs

SBP renews status of JCR-VIS, Pacra as ECAIs

State Bank of Pakistan (SBP) has renewed the status of both credit rating agencies operating in Pakistan namely "JCR-VIS Credit Rating Company Limited (JCR-VIS)" and "The Pakistan Credit Rating Agency Limited (Pacra)" as eligible/recognised External Credi
Published 05 Apr, 2017 12:00am
Nigeria central bank to sell dollars to fuel importers, airlines

Nigeria central bank to sell dollars to fuel importers, airlines

Nigeria's central bank said on Tuesday it will offer dollar forwards to be delivered within two months to offset a backlog of matured foreign exchange obligations to manufacturers, airlines, fuel importers and agriculture businesses. "Authorised dealers'
Published 05 Apr, 2017 12:00am
SBP renews status of JCR-VIS, Pacra as ECAIs

SBP renews status of JCR-VIS, Pacra as ECAIs

State Bank of Pakistan (SBP) has renewed the status of both credit rating agencies operating in Pakistan namely "JCR-VIS Credit Rating Company Limited (JCR-VIS)" and "The Pakistan Credit Rating Agency Limited (Pacra)" as eligible/recognised External Credi
Published 05 Apr, 2017 12:00am
Yen rises in Asia
Currency

Yen rises in Asia

The safe-haven Japanese yen gained broadly on Tuesday as a risk-averse mood spread through the broader markets, while the Australian dollar retreated to a three-week low after the country's central bank raised concerns about domestic labour conditions. In
Published 05 Apr, 2017 12:00am
Shifa to upgrade its IT capacity

Shifa to upgrade its IT capacity

Shifa International Hospitals Ltd has selected Oracle Cloud Platform to upgrade its IT infrastructure. Its patients can now benefit from faster and easier access to online radiology and lab reports, according to a press release from the hospital. Prior to
Published 05 Apr, 2017 12:00am
Yen hits high against euro, Aussie suffers in Europe
Currency

Yen hits high against euro, Aussie suffers in Europe

Risk averse investors drove the yen to its highest level against the euro since mid-November on Tuesday, while the Australian dollar sank to a three-week low. Appetite for risk has been curtailed by market nerves ahead of a meeting between US President Do
Published 05 Apr, 2017 12:00am
Early trade in NY: Yen gains against dollar, euro
Currency

Early trade in NY: Yen gains against dollar, euro

The safe-haven yen rose to a one-week high against the dollar and a 4-1/2 month peak versus the euro on Tuesday, as investors grew cautious about a possibly contentious meeting between US President Donald Trump and Chinese President Xi Jinping. Trump vowe
Published 05 Apr, 2017 12:00am
Police, public equally responsible for peace: AIGP

Police, public equally responsible for peace: AIGP

Additional IGP Investigation, Khyber Pakhtunkhwa, Dr Ishtiaq Marwat has said that both police and public are equally responsible for peace and security in the society. Addressing the closing ceremony of Ulasi Police project, he said that reforms introduce
Published 05 Apr, 2017 12:00am
Dollar slides against yen, euro in New York

Dollar slides against yen, euro in New York

The dollar fell against the Japanese yen and euro on Monday, as uncertainty about US congressional support for President Donald Trump's choice for Supreme Court justice revived doubts about his ability to fulfil his economic agenda. "The more you see the
Published 05 Apr, 2017 12:00am
Railway Police accusedof extorting money from drivers

Railway Police accusedof extorting money from drivers

Drivers of taxis, auto-rickshaw and other vehicles have accused the Railway Police of extorting money at the Karachi Cantonment Station where they pay the entry charges through e-ticking system at the main entrance. Business Recorder reporter also
Published 05 Apr, 2017 12:00am
French businessmen keen to invest in Pakistan: PFBC

French businessmen keen to invest in Pakistan: PFBC

The world leading French enterprises are keen to heavily invest in energy, agriculture, infrastructure, defence and digital technology sectors in Pakistan. A delegation of Pakistan France Business Council expressed this interest here on Tuesday during a m
Published 05 Apr, 2017 12:00am
Sri Lankan rupee steady
Currency

Sri Lankan rupee steady

The Sri Lankan rupee ended steady in dull trade on Tuesday as late importer dollar demand erased the early gains from inward remittances and exporter greenback sales ahead of the festival season, dealers said. Rupee forwards were active, with two-week for
Published 05 Apr, 2017 12:00am
BSAP's e-newsletter launched

BSAP's e-newsletter launched

A launching ceremony of electronic version of the monthly newsletter regarding activities of Boy Scouts Association Punjab (BSAP) was held here on Tuesday at Civil Secretariat, Lahore. Additional Chief Secretary Punjab Shamail Ahmad Khawaja, who happens t
Published 05 Apr, 2017 12:00am
Asian currencies inch lower
Currency

Asian currencies inch lower

Asian currencies edged lower on Tuesday as investors turned cautious on riskier assets ahead of a meeting between US President Donald Trump and Chinese President Xi Jinping later in the week. The South Korean won slipped 0.2 percent against the dollar, wi
Published 05 Apr, 2017 12:00am
Sacrifices helped in restoring peace in Fata: Jhagra

Sacrifices helped in restoring peace in Fata: Jhagra

The Governor Khyber Pakhtunkhwa Engr. Iqbal Zafar Jhagra has said that peace has been restored in FATA at the cost of the unprecedented sacrifices offered by patriotic tribesmen and the civilian administrative machinery besides the security forces.
Published 05 Apr, 2017 12:00am
Mexican peso falls
Currency

Mexican peso falls

The Mexican peso fell Tuesday, leading a decline of Latin American currencies a day before the first expiration of a series of hedge instruments auctioned off by the Mexican central bank March 6. The currency was at 18.9200, down 1.33 percent versus Monda
Published 05 Apr, 2017 12:00am
NBP, Quaid-e-Azam International Hospital sign MOU

NBP, Quaid-e-Azam International Hospital sign MOU

National Bank of Pakistan's employees and their dependants will get advanced healthcare services at affordable costs at one of the leading hospitals in Islamabad ie Quaid-e-Azam International Hospital, Islamabad. In this connection, a Memorandum of Unders
Published 05 Apr, 2017 12:00am
Sterling slips but market shows signs of 'Brexit fatigue'
Currency

Sterling slips but market shows signs of 'Brexit fatigue'

Sterling inched lower on Tuesday, kept under pressure by uncertainty over the terms of Britain's exit from the European Union, though some analysts said the currency was becoming less sensitive to domestic political developments. The pound's biggest moves
Published 05 Apr, 2017 12:00am
'Punjab Economic Forum 2017' concludes

'Punjab Economic Forum 2017' concludes

The two-day Punjab Economic Forum 2017 concluded here in the provincial metropolis on Tuesday. Punjab Governor Muhammad Rafique Rajwana speaking at the closing ceremony said. He said, "It is heartening to see a good number of economists and economic exper
Published 05 Apr, 2017 12:00am
Aussie, kiwi down
Currency

Aussie, kiwi down

The Australian dollar dropped to a three-week trough on Tuesday after the central bank kept rates on hold at its monthly policy meeting, and took a cautious view on the health of the job market. The Australian dollar fell a quarter of a US cent to $0.7575
Published 05 Apr, 2017 12:00am
Rs 1 million fine imposed on SLIC

Rs 1 million fine imposed on SLIC

An appellant bench of the Securities and Exchange Commission of Pakistan (SECP) has imposed a fine of Rs 1 million on State Life Insurance Corporation of Pakistan (appellant) for its failure to maintain adequate internal controls and systems as required u
Published 05 Apr, 2017 12:00am
Briton aims to cycle around the world in 80 days

Briton aims to cycle around the world in 80 days

A British adventurer is hoping to "redefine the limits of human endurance" by attempting to cycle around the world in 80 days from July 2, smashing the current record by over six weeks. Mark Beaumont, who began a warm-up tour of Britain on Tuesday to prep
Published 05 Apr, 2017 12:00am
Rs 1 million fine imposed on SLIC

Rs 1 million fine imposed on SLIC

An appellant bench of the Securities and Exchange Commission of Pakistan (SECP) has imposed a fine of Rs 1 million on State Life Insurance Corporation of Pakistan (appellant) for its failure to maintain adequate internal controls and systems as required u
Published 05 Apr, 2017 12:00am
Olympic cuts force England out of Sudirman Cup

Olympic cuts force England out of Sudirman Cup

Badminton England expressed "deep disappointment" on Tuesday as they announced they were pulling out of the prestigious World Mixed Team Championships (Sudirman Cup) because of the withdrawal of Olympic funding. There was shock that badminton was included
Published 05 Apr, 2017 12:00am
More rains forecast for Lahore

More rains forecast for Lahore

A spell of rain dropped mercury across the city while the met office has predicted further rains ahead. According to the met office, the mercury is likely to drop 20 degree centigrade to the minimum and 35 degree centigrade to the maximum during next 24 h
Published 05 Apr, 2017 12:00am
British policeman appointed ICC anti- corruption manager

British policeman appointed ICC anti- corruption manager

Experienced British policeman Alex Marshall will replace Yogendra Pal Singh as general manger of the International Cricket Council's Anti-Corruption Unit (ACU), it was announced on Tuesday. The 55-year-old, who served as Hampshire Chief Constable from 200
Published 05 Apr, 2017 12:00am
Players, coach detained in Spanish match-fixing probe

Players, coach detained in Spanish match-fixing probe

Police investigating suspicions of match-fixing arrested the coach and two players of third division Spanish side Eldense after their 12-0 defeat to Barcelona's B team, a police source told AFP on Tuesday. As well as Italian coach Filippo Di Pierro, two u
Published 05 Apr, 2017 12:00am
PNDS launches Faisalabad chapter at UAF

PNDS launches Faisalabad chapter at UAF

Pakistan Nutrition and Dietetics Society (PNDS), while expanding its outfits has launched its Faisalabad Chapter at University of Agriculture, Faisalabad with Dr Benish Israr as In-charge. The society is currently carrying out its operations from Karachi,
Published 05 Apr, 2017 12:00am
Qatar in talks to host Club World Cup

Qatar in talks to host Club World Cup

Qatar is in discussion with FIFA to host several major international tournaments ahead of 2022 including the Club World Cup currently held by Real Madrid, sources familiar with the matter have told AFP. The Gulf state could also be the venue for the Under
Published 05 Apr, 2017 12:00am
Call for close industry-academia linkages for progress

Call for close industry-academia linkages for progress

Vice Chancellor University of Engineering and Technology (UET) Lahore Professor Dr Fazal Ahmad Khalid on Tuesday called for strengthening the linkages between the industry and the academia for the progress and prosperity of the country with visionary appr
Published 05 Apr, 2017 12:00am
Relationship with Root will be absolutely fine, says Cook

Relationship with Root will be absolutely fine, says Cook

Alastair Cook is confident his relationship with newly appointed test captain Joe Root will be "absolutely fine" and the former England skipper has assured his successor he will get all the support he needs in the role. Cook, who was appointed captain in
Published 05 Apr, 2017 12:00am
CMA names two winners of 11th Citi - PPAF Microentrepreneurship Awards

CMA names two winners of 11th Citi - PPAF Microentrepreneurship Awards

The Citi - PPAF Microentrepreneurship Awards (CMA), delivered in partnership by the Pakistan Poverty Alleviation Fund (PPAF) and the Citi Foundation, Tuesday named two national winners of the 11th Citi - PPAF Microentrepreneurship Awards. The awards were
Published 05 Apr, 2017 12:00am
Bangladesh skipper Mashrafe quits Twenty20 cricket

Bangladesh skipper Mashrafe quits Twenty20 cricket

Bangladesh's limited-overs captain Mashrafe Mortaza announced on Tuesday his retirement from Twenty20 international cricket after he completes the ongoing two-match series against Sri Lanka. Mashrafe's decision came just before the first match of the seri
Published 05 Apr, 2017 12:00am
Nisar, JUI-F team discuss blasphemous material

Nisar, JUI-F team discuss blasphemous material

Minister for Interior Chaudhry Nisar Ali Khan Tuesday held a meeting with a 25-member delegation of Jamiat Ulema Islam (JUI) here and discussed the government measures to stop publication of blasphemous material on social media. According to Interior Mini
Published 05 Apr, 2017 12:00am
Cash-rich IPL marches into season 10

Cash-rich IPL marches into season 10

The 10th season of the Indian Premier League starts Wednesday, marking a decade of scandal and success for the flashy Twenty20 competition beloved by India and watched across the globe. The latest edition of the glitzy league - famous for its pyrotechnics
Published 05 Apr, 2017 12:00am
Web pioneer slams UK, US calls to weaken encryption

Web pioneer slams UK, US calls to weaken encryption

British web pioneer Tim Berners-Lee on Tuesday slammed as a "bad idea" recent calls in Britain and the United States to weaken cyber encryption. "I know that if you're trying to catch terrorists it's really tempting to demand to be able to break all that
Published 05 Apr, 2017 12:00am
Ethical codes: IHC seeks report from PBA, Pemra

Ethical codes: IHC seeks report from PBA, Pemra

Islamabad High Court (IHC) on Tuesday sought within two weeks a report from Pakistan Broadcasters Association (PBA) and Pakistan Electronic Media Regulatory Authority (Pemra) on the practice of ethical codes. A single-member bench comprising Justice Shauk
Published 05 Apr, 2017 12:00am
Paraguay suspends re-election amendment after riots

Paraguay suspends re-election amendment after riots

Paraguayan lawmakers Tuesday suspended a controversial bill altering the constitution to allow the president to stand for re-election following riots and the death of an activist. The decision by the Chamber of Deputies, where President Horacio Cartes has
Published 05 Apr, 2017 12:00am
SC seeks details of non-functional tribunals, administrative courts

SC seeks details of non-functional tribunals, administrative courts

The Supreme Court on Tuesday sought detailed reports from the federal and all provincial governments regarding non-functional special courts and tribunals. Earlier, the apex court had taken suo motu notice over various non-functional tribunals and adminis
Published 05 Apr, 2017 12:00am
US public fears of China diminish: Pew poll
Currency

US public fears of China diminish: Pew poll

Last year, US voters chose a president whose stump speech denounced China for stealing American jobs and rigging trade - but their own opinion of Beijing is improving. According to a major Pew Research Center poll published Tuesday, some 44 percent of Ame
Published 05 Apr, 2017 12:00am
Marriyum briefs UK team about parliamentary system

Marriyum briefs UK team about parliamentary system

The Pakistan-UK Parliamentary Friendship Group in the National Assembly of Pakistan (PFG) met with the 6-Member UK Parliamentary Delegation; says a press release issued here on Tuesday. The meeting was chaired by Minister of State for Information and Broa
Published 05 Apr, 2017 12:00am
'No defence' against multiple Russian missiles: US general

'No defence' against multiple Russian missiles: US general

The United States and its allies would have "no defence" against large numbers of ground-launched cruise missiles of the type recently deployed by Russia, a top US general warned Tuesday. The United States has repeatedly accused Russia of deploying a land
Published 05 Apr, 2017 12:00am
Hungary passes bill targeting Soros university

Hungary passes bill targeting Soros university

Hungarian lawmakers on Tuesday approved legislation that could force the closure of a prestigious Budapest university founded by US billionaire investor George Soros, sparking fresh protests. The English-language Central European University (CEU), set up
Published 05 Apr, 2017 12:00am
Argentina ex-leader Kirchner charged

Argentina ex-leader Kirchner charged

A judge on Tuesday announced fresh charges against Argentina's ex-president Cristina Kirchner, the latest twist in a running legal saga as the country prepares for mid-term elections this year. Federal judge Claudio Bonadio brought formal charges against
Published 05 Apr, 2017 12:00am
Zinc rebounds from three-week low, copper soars

Zinc rebounds from three-week low, copper soars

Zinc prices bounced after touching a three-week low on Tuesday as investors bet lacklustre demand would recover in top metals consumer China, while copper hit a one-week low. "We remain in a holding pattern across the complex, largely tied to how on-shore
Published 05 Apr, 2017 12:00am
Clashes as Venezuelans protest

Clashes as Venezuelans protest

Protesters clashed with police in Venezuela Tuesday as the opposition mobilised against moves to tighten President Nicolas Maduro's grip on power. Protesters hurled stones at riot police who fired tear gas as they blocked the demonstrators from advancing
Published 05 Apr, 2017 12:00am
Rubber plunges

Rubber plunges

Benchmark Tokyo rubber futures plunged to their four-month low on Tuesday amid stronger risk-adverse mode, which boosted a safe-heaven yen against the dollar, and as weaker-than-expected US auto sales weighed on market sentiment. The Tokyo Commodity Excha
Published 05 Apr, 2017 12:00am
Theft of crude oil from oilfield in Karak continues

Theft of crude oil from oilfield in Karak continues

The federal government and provincial government of Khyber Pakhtunkhwa (KP) could not resolve the issue of alleged theft of crude oil from oilfield in district Karak due to non-co-operation of KP Police and MOL, a Hungarian oil and gas company, with the F
Published 05 Apr, 2017 12:00am
HC hopes rise in number of Pak students in UK after Brexit

HC hopes rise in number of Pak students in UK after Brexit

A group of Vice-Chancellors, Pro-Vice-Chancellors, Deans and Rectors of Pakistani Universities and senior officials of the Higher Education Commission (HEC) of Pakistan visited the Pakistan High Commission London and were hosted over a reception dinner.
Published 05 Apr, 2017 12:00am
NHA to seek Rs 40 billion more for road projects

NHA to seek Rs 40 billion more for road projects

National Highway Authority (NHA) is all set to request an additional Rs 40 billion in the current financial year 2016-17 to expedite work on road projects and complete them before the general elections 2018, it is learnt. The government released over Rs 1
Published 05 Apr, 2017 12:00am
Palm oil touches six-month low

Palm oil touches six-month low

Malaysian palm oil futures hit a near six-month low on Tuesday, tracking rival soyaoil on the Chicago Board of Trade which fell nearly 1 percent overnight, and ahead of the release of official output and export data next week. The benchmark palm oil contr
Published 05 Apr, 2017 12:00am
Raw sugar slips to 10-month low, robusta coffee falls

Raw sugar slips to 10-month low, robusta coffee falls

Raw sugar futures slid to a new 10-month low on Tuesday as speculative selling and ample supplies added pressure, while robusta coffee also weakened. May raw sugar fell 0.27 cent, or 1.63 percent, to 16.27 cents a lb by 1415 GMT, after earlier dipping to
Published 05 Apr, 2017 12:00am
Media urged to create awareness about donations

Media urged to create awareness about donations

Promotion of safe charity practices would play a vital role in helping most poor segments of society from Rs 544 billion generated annually in Pakistan through donations therefore media needs to raise awareness among people to give their charity to recogn
Published 05 Apr, 2017 12:00am
Gold soars in New York

Gold soars in New York

Gold rose on Monday on geopolitical worries, but was trading in a tight range in the absence of any fresh clues on US monetary policy and as the market looked to economic data later in the week for more direction. Supporting gold was geopolitical tension
Published 05 Apr, 2017 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices hit one-week highs on Tuesday, buoyed by a weaker dollar on tepid economic data from the United States and as investors turned to safe-haven assets on worries over geopolitical tensions. Spot gold had risen 0.4 percent to $1,257.73 per ounce a
Published 05 Apr, 2017 12:00am
CPEC opens KP to domestic, foreign investments: Khattak

CPEC opens KP to domestic, foreign investments: Khattak

Khyber Pakhtunkhwa Chief Minister Pervez Khattak said CPEC has enhanced the strategic importance of KP opening it to both domestic and foreign investment. The provincial government has already planned the natural advantages of the province to be the econo
Published 05 Apr, 2017 12:00am
Gold hits one-month high in Europe

Gold hits one-month high in Europe

Gold prices hit a one-month high on Tuesday, boosted by a lower dollar after US economic data persuaded investors to reassess the idea of an imminent Fed rate hike, while security concerns rose following a bomb blast in Russia the previous day. Spot gold
Published 05 Apr, 2017 12:00am
Power outages to end by November 2017: Miftah

Power outages to end by November 2017: Miftah

Dr Miftah Ismail, chairman Board of Investment (BoI) said on Tuesday that with the energy reforms and positive initiatives of the current government, electricity outage from Pakistan would end by November 2017. He said for the last 70 years, only 23000mw
Published 05 Apr, 2017 12:00am
US MIDDAY: soyabeans plumb new lows

US MIDDAY: soyabeans plumb new lows

Chicago Board of Trade May soyabean futures fell to their lowest level in a year on Tuesday, pressured by expectations for record-large US plantings and a massive South American harvest, analysts said. Chicago Board of Trade corn futures fell about 1 perc
Published 05 Apr, 2017 12:00am
UNMOGIP investigating cease-fire violations along LoC

UNMOGIP investigating cease-fire violations along LoC

The United Nations Military Observer Group in India and Pakistan is investigating ceasefire violations along the Line of Control (LoC). This was stated by UN Secretary General's spokesman Stéphane Dujarric while answering a question at regular briefing in
Published 05 Apr, 2017 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold prices rose on Tuesday, hitting a one-month high as the dollar weakened, but gold retraced gains as US President Donald Trump laid out aggressive plans for infrastructure spending and deregulation. Gold touched $1,261.15, its highest since Feb. 27 as
Published 05 Apr, 2017 12:00am
PPP workers vow to accomplish Bhutto's mission

PPP workers vow to accomplish Bhutto's mission

While paying glowing tribute to Pakistan People's Party (PPP) founding chairman and former prime minister Shaheed Zufikar Ali Bhutto (ZAB), the party workers have vowed to accomplish his mission and ready to give any kind of sacrifice in this regard. They
Published 05 Apr, 2017 12:00am
Maleeha points to 'nuclear doublespeak' at UN

Maleeha points to 'nuclear doublespeak' at UN

Pakistan's representative to the United Nations Maleeha Lodhi told the world body that some nuclear weapons states are intent upon upgrading and modernising their inventories while preaching non-proliferation to others.
Published 05 Apr, 2017 12:00am
NA body meets today

NA body meets today

National Assembly's Standing Committee on Industries and Production is going to hold its 25th meeting here at the Small and Medium Enterprises Development Authority (SMEDA)'s head office today. According to SMEDA sources, the Committee is comprised of 21
Published 05 Apr, 2017 12:00am
Pakistan a market of unlimited opportunities: Mamnoon

Pakistan a market of unlimited opportunities: Mamnoon

President Mamnoon Hussain on Tuesday said Pakistan was a market of unlimited opportunities owing to its strategic location and would serve as Asia's premier trade, energy and transport corridor. He said this while talking to a delegation of businessmen an
Published 05 Apr, 2017 12:00am
Need stressed to train teachers to impart quality education

Need stressed to train teachers to impart quality education

Punjab Higher Education Commission Chairman Professor Dr Nizam uddin has said that there was a dire need for training teachers to impart quality education and produce highly educated students for the development of nation as well as country. He was addres
Published 05 Apr, 2017 12:00am
KP Assembly session convened on 11

KP Assembly session convened on 11

The Governor Khyber Pakhtunkhwa has summoned the session of the Provincial Assembly to meet in the Assembly building of the Provincial Assembly, Khyber Road, Peshawar on April 11, at 3:00 pm.
Published 05 Apr, 2017 12:00am
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