AIRLINK 154.88 Increased By ▲ 4.63 (3.08%)
BOP 9.96 Decreased By ▼ -0.16 (-1.58%)
CNERGY 7.33 Decreased By ▼ -0.09 (-1.21%)
CPHL 78.24 Increased By ▲ 7.11 (10%)
FCCL 47.53 Increased By ▲ 1.82 (3.98%)
FFL 14.49 Increased By ▲ 0.15 (1.05%)
FLYNG 40.87 Increased By ▲ 3.72 (10.01%)
HUBC 138.71 Increased By ▲ 0.36 (0.26%)
HUMNL 12.93 Increased By ▲ 0.39 (3.11%)
KEL 4.34 Decreased By ▼ -0.22 (-4.82%)
KOSM 5.16 Increased By ▲ 0.17 (3.41%)
MLCF 75.92 Increased By ▲ 6.27 (9%)
OGDC 218.66 Increased By ▲ 15.65 (7.71%)
PACE 5.23 Decreased By ▼ -0.15 (-2.79%)
PAEL 45.30 Increased By ▲ 1.06 (2.4%)
PIAHCLA 14.80 Increased By ▲ 1.35 (10.04%)
PIBTL 8.64 Increased By ▲ 0.02 (0.23%)
POWER 15.13 Increased By ▲ 0.15 (1%)
PPL 168.03 Increased By ▲ 15.28 (10%)
PRL 29.55 Increased By ▲ 2.53 (9.36%)
PTC 20.13 Increased By ▲ 0.84 (4.35%)
SEARL 82.57 Increased By ▲ 7.51 (10.01%)
SSGC 32.79 Increased By ▲ 2.33 (7.65%)
SYM 14.23 Increased By ▲ 0.28 (2.01%)
TELE 6.99 Increased By ▲ 0.08 (1.16%)
TPLP 8.26 Increased By ▲ 0.26 (3.25%)
TRG 63.29 Increased By ▲ 1.39 (2.25%)
WAVESAPP 9.05 Increased By ▲ 0.11 (1.23%)
WTL 1.26 Decreased By ▼ -0.06 (-4.55%)
YOUW 3.61 Decreased By ▼ -0.12 (-3.22%)
AIRLINK 154.88 Increased By ▲ 4.63 (3.08%)
BOP 9.96 Decreased By ▼ -0.16 (-1.58%)
CNERGY 7.33 Decreased By ▼ -0.09 (-1.21%)
CPHL 78.24 Increased By ▲ 7.11 (10%)
FCCL 47.53 Increased By ▲ 1.82 (3.98%)
FFL 14.49 Increased By ▲ 0.15 (1.05%)
FLYNG 40.87 Increased By ▲ 3.72 (10.01%)
HUBC 138.71 Increased By ▲ 0.36 (0.26%)
HUMNL 12.93 Increased By ▲ 0.39 (3.11%)
KEL 4.34 Decreased By ▼ -0.22 (-4.82%)
KOSM 5.16 Increased By ▲ 0.17 (3.41%)
MLCF 75.92 Increased By ▲ 6.27 (9%)
OGDC 218.66 Increased By ▲ 15.65 (7.71%)
PACE 5.23 Decreased By ▼ -0.15 (-2.79%)
PAEL 45.30 Increased By ▲ 1.06 (2.4%)
PIAHCLA 14.80 Increased By ▲ 1.35 (10.04%)
PIBTL 8.64 Increased By ▲ 0.02 (0.23%)
POWER 15.13 Increased By ▲ 0.15 (1%)
PPL 168.03 Increased By ▲ 15.28 (10%)
PRL 29.55 Increased By ▲ 2.53 (9.36%)
PTC 20.13 Increased By ▲ 0.84 (4.35%)
SEARL 82.57 Increased By ▲ 7.51 (10.01%)
SSGC 32.79 Increased By ▲ 2.33 (7.65%)
SYM 14.23 Increased By ▲ 0.28 (2.01%)
TELE 6.99 Increased By ▲ 0.08 (1.16%)
TPLP 8.26 Increased By ▲ 0.26 (3.25%)
TRG 63.29 Increased By ▲ 1.39 (2.25%)
WAVESAPP 9.05 Increased By ▲ 0.11 (1.23%)
WTL 1.26 Decreased By ▼ -0.06 (-4.55%)
YOUW 3.61 Decreased By ▼ -0.12 (-3.22%)
BR100 12,644 Increased By 241 (1.94%)
BR30 37,293 Increased By 1733.2 (4.87%)
KSE100 118,576 Increased By 1278.2 (1.09%)
KSE30 36,302 Increased By 462.9 (1.29%)
May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-06-26
Two thirds of Mosul Old City retaken from IS: commander

Two thirds of Mosul Old City retaken from IS: commander

Iraqi forces have retaken two thirds of old Mosul, a week after launching an offensive against the Islamic State group's last bastion in the city, a senior commander said Sunday. Lieutenant Colonel Salam al-Obeidi was speaking to AFP inside the devastated
Published 26 Jun, 2017 12:00am
Some UK ministers want Hammond as caretaker PM

Some UK ministers want Hammond as caretaker PM

Some leading members of Britain's ruling Conservative Party want finance minister Philip Hammond to become prime minister, replacing Theresa May and steering the country through the Brexit process, the Sunday Times reported. May, prime minister for less t
Published 26 Jun, 2017 12:00am
Killer heatwaves set for dramatic rise, researchers warn

Killer heatwaves set for dramatic rise, researchers warn

Nearly one in three people around the world is already exposed to deadly heatwaves, and that will rise to nearly half of people by 2100 even if the world moves aggressively to cut climate-changing emissions, scientists warned on Monday. If emissions conti
Published 26 Jun, 2017 12:00am
From floods to disease, disaster risk rising in surging African cities

From floods to disease, disaster risk rising in surging African cities

Residents of Karonga, a lakeside city of about 60,000 in northern Malawi, face no shortage of risks. Flooding is an annual problem that's worsening with climate change and poor maintenance of the channels that carry out the excess water. Only 17 percent o
Published 26 Jun, 2017 12:00am
British forest pumped full of CO2 to test tree absorption

British forest pumped full of CO2 to test tree absorption

Researchers at a British University have embarked on a decade-long experiment that will pump a forest full of carbon dioxide to measure how it copes with rising levels of the gas - a key driver of climate change. The Free Air Carbon Dioxide Enrichment (FA
Published 26 Jun, 2017 12:00am
Hitting cardiovascular health targets can help elderly live longer

Hitting cardiovascular health targets can help elderly live longer

Meeting some or all of the American Heart Association's seven ideal cardiovascular health goals is associated with longer life and fewer heart attacks and strokes, no matter your age. In fact, in a recent group of elderly patients, "the benefit of an idea
Published 26 Jun, 2017 12:00am
Rapid nuclear decommissioning threatens climate targets: IEA

Rapid nuclear decommissioning threatens climate targets: IEA

Decommissioning nuclear plants in Europe and North America from 2020 threatens global plans to cut carbon emissions unless governments build new nuclear plants or expand the use of renewables, a top International Energy Agency official said. Nuclear is no
Published 26 Jun, 2017 12:00am
Global coral bleaching may be ending, US agency says

Global coral bleaching may be ending, US agency says

Coral reef bleaching may be easing after three years of high ocean temperatures, the longest such period since the 1980s, the National Oceanic and Atmospheric Administration said on Monday. Its experts said satellite data and other analysis showed widespr
Published 26 Jun, 2017 12:00am
Eidul Fitr to be celebrated with religious fervour
Exchange

Eidul Fitr to be celebrated with religious fervour

As elsewhere, the Eid ul Fitr would be celebrated in the metropolis with due religious fervour. The main Eid congregation in Karachi would be held at 8 am at the Gulshan-i-Jinnah (Old Polo Ground) where Governor Sindh, Mohammad Zubair, diplomats from the
Published 26 Jun, 2017 12:00am
'Nawaz, family perform Umrah on personal expenses'

'Nawaz, family perform Umrah on personal expenses'

In the wake of the rising speculations over Prime Minister Nawaz Sharif's Saudi visit, a government spokesman has clarified that the premier and his family performed Umrah on their own personal expenses. He rejected baseless reports that Nawaz, his family
Published 26 Jun, 2017 12:00am
Pak-Afghan tension: China optimistic of successful role

Pak-Afghan tension: China optimistic of successful role

China is optimistic of its successful role in reducing tension between Pakistan and Afghanistan, as result of Foreign Minister Wang Yi's visit to the two brotherly countries. Sources said here on Sunday that China is confident that the visit will prove ef
Published 26 Jun, 2017 12:00am
Textile industry: government urged to reduce power, gas tariff

Textile industry: government urged to reduce power, gas tariff

Former senior vice president of Karachi Chamber of Commerce and Industry (KCCI) and prominent textile manufacturer and exporter, Mohammad Hanif Lakhani has urged the government to revisit its economic policies because present policies hurt textile industr
Published 26 Jun, 2017 12:00am
Coastal areas of Balochistan: CNS spends a busy day with troops

Coastal areas of Balochistan: CNS spends a busy day with troops

Chief of the Naval Staff Admiral Muhammad Zakaullah spent a day with Pakistan Navy troops deployed in coastal areas of Balochistan comprising Jiwani, Pasni, Gwadar and Ormara. Admiral Zakaullah visited naval installations at Jiwani and interacted with the
Published 26 Jun, 2017 12:00am
Governor Sindh extends Eid greetings

Governor Sindh extends Eid greetings

Governor Sindh Mohammad Zubair has felicitated the countrymen on the occasion of the Eid ul Fitr. In his Eid message, he said that this Festival is marked at the culmination of the Holy month of Ramazan. The Governor said we should continue the spirit of
Published 26 Jun, 2017 12:00am
Security forces foil terror plot in Kohlu

Security forces foil terror plot in Kohlu

Security forces foiled a terror plot in Kohlu district of Balochistan on Sunday as part of the ongoing Operation Radd-ul-Fasaad. Intelligence agencies and levies personnel conducted an operation in tehsil Kahan of Kohlu district, according to security sou
Published 26 Jun, 2017 12:00am
JI for resolving moon-sighting issue

JI for resolving moon-sighting issue

Acting Ameer of the Jamaat-e-Islami, Liaqat Baloch, has said that the split in the Eid celebrations on sectarian grounds in this age of advance science had made the nation a laughing stock. Speaking at an Iftar dinner in the city on Sunday, he stressed up
Published 26 Jun, 2017 12:00am
Six killed in accidents

Six killed in accidents

Three persons were killed on the spot in a collision between a passenger coaster and motorcycle rickshaw near 277 GB, here on Saturday. According to details, a passenger coaster FDN-1829 was going to Toba Tek Singh via Pansara from Faisalabad, when reache
Published 26 Jun, 2017 12:00am
Climate change to badly hurt wheat, rice crop yields

Climate change to badly hurt wheat, rice crop yields

Steady growing temperatures pose a serious risk to Pakistan's efforts for achieving sustainable food security and meet food consumption needs of the spiking population, according to studies based on various projections of climate change impacts on the cou
Published 26 Jun, 2017 12:00am
Zardari greets Muslims on Eidul Fitr

Zardari greets Muslims on Eidul Fitr

Greeting the Muslims throughout the world on the eve of Eidul Fitr former President Asif Ali Zardari has urged them to "pursue the spirit of Ramazan even beyond the formal end of the holy month and pursuing the values of tolerance and humility on the one
Published 26 Jun, 2017 12:00am
Eid prayers timings for Lahore city

Eid prayers timings for Lahore city

Eid-ul-Fitr prayers will be offered in the provincial metropolis at the following places and timings. The most historical and almost biggest Eid congregations will be held at Badshahi Mosque (8:45am), Jamia Masjid Darbar Hazrat Data Ganj Bakhsh (7:30am),
Published 26 Jun, 2017 12:00am
World Bank approves mid-term review to support social sector

World Bank approves mid-term review to support social sector

The World Bank has approved a midterm review to support social sector development in Pakistan in partnership with the International Finance Corporation (IFC). According to Radio Pakistan, the World Bank will provide assistance for improvement in energy se
Published 26 Jun, 2017 12:00am
Message of CM Punjab: 'Eid a special gift and reward of Almighty Allah'

Message of CM Punjab: 'Eid a special gift and reward of Almighty Allah'

Punjab Chief Minister Mian Shahbaz Sharif in his message on the eve of Eid-ul-Fitr said that with the consent of Almighty Allah we got the opportunity to get advantage and benefit from the blessings of this holy month of Ramazan. Eid-ul-Fitr is a special
Published 26 Jun, 2017 12:00am
Bajaur administration imposes ban on aerial firing

Bajaur administration imposes ban on aerial firing

The local administration of Bajaur Agency have imposed ban on aerial firing on Chand Raat and sale of toy guns and firecrackers across the agency. An official of the local administration told that the decision to ban aerial firing and sale of toy guns and
Published 26 Jun, 2017 12:00am
Shujaat, Elahi grieved over Bahawalpur tragedy

Shujaat, Elahi grieved over Bahawalpur tragedy

Pakistan Muslim League-Q President and former Prime Minister Ch Shujat Hussain, senior central leader and former cm Punjab Ch Parvez Elahi and Moonis Elahi have expressed their heartfelt grief and sorrow over death of large number of civilians in oil tank
Published 26 Jun, 2017 12:00am
PIA offers free travel facility to oil tanker blast injured

PIA offers free travel facility to oil tanker blast injured

Pakistan International Airlines (PIA) on Sunday offered free air travel to Karachi from Multan and Bahawalpur for medical treatment to the burnt victims of the oil tanker incident. In a condolence message Chief Executive Officer of PIA Nayyar Hayat expres
Published 26 Jun, 2017 12:00am
Punjab sets up flood risk assessment unit

Punjab sets up flood risk assessment unit

As the first Monsoon currents have started to penetrate in Pakistan and good rains/thundershowers are expected at a number of places in the country, the Punjab government has established a Flood Risk Assessment (FRA) Unit to coop with the dangers of flood
Published 26 Jun, 2017 12:00am
Jhagra urges countrymen to demonstrate unity

Jhagra urges countrymen to demonstrate unity

Governor, Khyber Pakhtunkhwa, Engineer Iqbal Zafar Jhagra has appealed to the countrymen to make this occasion to re-affirm their commitment to maintaining unity and cohesion in their ranks at every level; sustain the tempo of efforts for ensuring lasting
Published 26 Jun, 2017 12:00am
PFC stresses need for increasing forest cover

PFC stresses need for increasing forest cover

Pakistan Furniture Council (PFC) has urged the public and private sectors to join hands for raising its forest cover from 5 to 25 per cent to meet the growing demand of wood for furniture industry in the country. Talking to the media here on Sunday, PFC C
Published 26 Jun, 2017 12:00am
Lahore wears deserted look on Eidul Fitr eve

Lahore wears deserted look on Eidul Fitr eve

On the eve of Eid-ul-Fitr, the provincial capital like other big cities of country on Sunday wore a deserted look as the huge number of homebound people left Lahore to celebrate the Eid with their families and friends at their homes. Eid exodus, started o
Published 26 Jun, 2017 12:00am
Shehbaz grieved over loss of lives in oil tanker tragedy

Shehbaz grieved over loss of lives in oil tanker tragedy

Punjab Chief Minister Muhammad Shehbaz Sharif has expressed deep sense of sorrow and grief over the loss of precious human lives after an over turned oil tanker caught fire on national highway in Bahawalpur Tehsil of Ahmed Pur Sharqia on Sunday morning ki
Published 26 Jun, 2017 12:00am
AJK president, Prime Minister felicitate nation on Eid

AJK president, Prime Minister felicitate nation on Eid

President Azad Jammu and Kashmir (AJ&K) Masood Khan, Prime Minister Raja Farooq Haider Khan and Information Minister Raja Mushtaq Minhas have felicitated the nation on the holy festival of Eidul Fitr. They also lauded the sacrifices of Kashmiri people for
Published 26 Jun, 2017 12:00am
Security to remain on high alert in KP during Eid

Security to remain on high alert in KP during Eid

Owing to the terror threats, the security in Khyber Pakhtunkhwa (KP) will remain on red alert during Eidul Fitr for the security of people. Security plan has been devised to guard Eid gatherings in more than 247 mosques in Peshawar. It has been divided in
Published 26 Jun, 2017 12:00am
KP accounts: AGP takes notice of Rs 155.848 millions excess expenditure

KP accounts: AGP takes notice of Rs 155.848 millions excess expenditure

The Auditor General of Pakistan (AGP) has noticed excess expenditure of Rs 155.848 million in seven cases in the accounts of Khyber Pakhtunkhwa during financial year 2013-14. The report of the AGP conducted during the Year 2014-15 has been presented in th
Published 26 Jun, 2017 12:00am
Nisar grieved over oil tanker mishap

Nisar grieved over oil tanker mishap

Minister for Interior Chaudhry Nisar Ali Khan Sunday expressed his heart-felt grief over the oil-tanker tragedy at Ahmedpur East, in which a large number of people lost their lives and many others received injuries. In a statement, he expressed his sympat
Published 26 Jun, 2017 12:00am
DCC reviews pace of ongoing development schemes

DCC reviews pace of ongoing development schemes

The meeting of District Coordination Committee (DCC) held here at DC office committee room under the chairmanship of MPA Sh Ejaz Ahmad. Deputy Commissioner Salman Ghani and CPO Afzaal Ahmad Kousar gave the briefing about the pace of ongoing development sc
Published 26 Jun, 2017 12:00am
Bodies of oil tanker victims to be identified thru DNA test: Sanaullah

Bodies of oil tanker victims to be identified thru DNA test: Sanaullah

Punjab Provincial Law Minister Rana Sanaullah has said the DNA tests were being conducted to identify the bodies burnt in the oil tanker accident near Bahawalpur. Talking to the media here on Sunday, he said the driver of the tanker had survived the accid
Published 26 Jun, 2017 12:00am
Tragic terrorist attacks: Bilawal urges for simplicity on Eid

Tragic terrorist attacks: Bilawal urges for simplicity on Eid

Chairman Pakistan People's Party Bilawal Bhutto Zardari has greeted the Muslims of the world and of Pakistan in particular on the eve of Eidul Fitr and appealed for simplicity in the wake of tragic terrorist attacks in Parachinar, Quetta and Karachi and a
Published 26 Jun, 2017 12:00am
PML-N Senator Agha Shahbaz Durrani passes away

PML-N Senator Agha Shahbaz Durrani passes away

Pakistan Muslim League-Nawaz (PML-N) leader from Balochistan Senator Agha Shahbaz Khan Durrani passed away, Sunday morning, due to cardiac arrest in his home town Khuzdar, Balochistan. He was 41.
Published 26 Jun, 2017 12:00am
JI for inculcating spirit of Pakistan Movement

JI for inculcating spirit of Pakistan Movement

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, in his message on the Eid ul Fitr, has urged the nation to once again rise with the spirit of the Pakistan movement and strive their best to achieve the goal before the founding fathers of this Musl
Published 26 Jun, 2017 12:00am
Major case of tax evasion in real estate sector detected

Major case of tax evasion in real estate sector detected

Directorate General of Intelligence and Investigation Inland Revenue (IR) has detected a major case of an individual engaged in business activity of real estate development projects and involved in concealment of investments/income, un-explained bank cred
Published 26 Jun, 2017 12:00am
Qureshi criticizes Punjab government over improper health facilities

Qureshi criticizes Punjab government over improper health facilities

Vice chairman of Pakistan Tehreek-e-Insaf (PTI) Shah Mehmood Qureshi lashed at Punjab government over improper health facilities in the province and claimed it had discriminatory attitude towards Southern Punjab. Talking to the media after visiting hospit
Published 26 Jun, 2017 12:00am
Pakistan hails creation UN counter-terrorism office

Pakistan hails creation UN counter-terrorism office

Pakistan has welcomed the creation of the new UN Counter Terrorism Office and congratulated Russia on the appointment of veteran Russian diplomat Vladimir Ivanovich Voronkov as the Under-Secretary General for the newly established office. Speaking in a me
Published 26 Jun, 2017 12:00am
NED students' novel idea of generating energy

NED students' novel idea of generating energy

A group of students of the NED University of Engineering and Technology have come up with a project to generate energy from the ocean waves. The group consists of Anas, Danial, Yasir and Afnan Ali, an official of the Governor House said here on Sunday.
Published 26 Jun, 2017 12:00am
Prime Minister urges for unity to foil designs of anti-state elements

Prime Minister urges for unity to foil designs of anti-state elements

Prime Minister Muhammad Nawaz Sharif has stressed upon promotion of unity to adequately foil nefarious designs of those elements who were trying to sow seeds of discord in society and destabilise Pakistan. He said the nation had to unite to fight politica
Published 26 Jun, 2017 12:00am
India, Pakistan urged to defuse tension
Exchange

India, Pakistan urged to defuse tension

SAARC Chamber of Commerce and Industry Vice President Iftikhar Ali Malik on Sunday urged India and Pakistan to hold result-oriented dialogues for a durable peace in the region. Talking to the media, Iftikhar Malik said that normalisation of ties was vital
Published 26 Jun, 2017 12:00am
Saaf Pani programme termed 'splendid'

Saaf Pani programme termed 'splendid'

Punjab Saaf Pani Company South Chairman MPA Muhammad Kashif Padhiar on Sunday said that the Punjab government had evolved a splendid programme worth billions of rupees for the provision of clean drinking water. Talking to APP here, he said the government
Published 26 Jun, 2017 12:00am
Wall Street week ahead: oil's drop could leave a stain on earnings

Wall Street week ahead: oil's drop could leave a stain on earnings

Heading into second-quarter earnings season, investors are looking for a continuation of strong US company results to justify high stock valuations, now trading near their loftiest levels since 2004. However, drilling a hole into that hopeful scenario is
Published 26 Jun, 2017 12:00am
South Korea sees foreign inflows in bonds for fifth month

South Korea sees foreign inflows in bonds for fifth month

Offshore investors increased their purchases of South Korean bonds for a fifth straight month in May, official data showed on Wednesday, following on from a revision of the growth outlook in light of firm exports and economic recovery. Foreign investors'
Published 26 Jun, 2017 12:00am
South Korea sees foreign inflows in bonds for fifth month

South Korea sees foreign inflows in bonds for fifth month

Offshore investors increased their purchases of South Korean bonds for a fifth straight month in May, official data showed on Wednesday, following on from a revision of the growth outlook in light of firm exports and economic recovery. Foreign investors'
Published 26 Jun, 2017 12:00am
Hedge funds keep it cagey on oil drawdown prospects
Exchange

Hedge funds keep it cagey on oil drawdown prospects

Hedge fund managers continued to square up positions after the Opec meeting on May 25 left oil production allocations unchanged for another nine months. Money managers increased their combined net long position in the three main Brent and WTI futures and
Published 26 Jun, 2017 12:00am
Hedge funds keep it cagey on oil drawdown prospects
Exchange

Hedge funds keep it cagey on oil drawdown prospects

Hedge fund managers continued to square up positions after the Opec meeting on May 25 left oil production allocations unchanged for another nine months. Money managers increased their combined net long position in the three main Brent and WTI futures and
Published 26 Jun, 2017 12:00am
Investor activists sceptical about MSCI China inclusion

Investor activists sceptical about MSCI China inclusion

MSCI's decision to add China-listed stocks to a key benchmark will give investors a stake in China's growth, but the cost of such access will be exposure to persistently weak corporate governance in the country, investor activists and analysts said. The U
Published 26 Jun, 2017 12:00am
Argentina to issue $2.6 billion more in forex debt

Argentina to issue $2.6 billion more in forex debt

Argentina has another $2.6 billion in foreign currency-denominated debt to be issued before the end of the year, Finance Minister Luis Caputo told reporters on Monday after the government sold its first-ever 100-year bond. The government is now planning t
Published 26 Jun, 2017 12:00am
Argentina to issue $2.6 billion more in forex debt

Argentina to issue $2.6 billion more in forex debt

Argentina has another $2.6 billion in foreign currency-denominated debt to be issued before the end of the year, Finance Minister Luis Caputo told reporters on Monday after the government sold its first-ever 100-year bond. The government is now planning t
Published 26 Jun, 2017 12:00am
Cable operator Altice USA raises $1.9 billion in IPO

Cable operator Altice USA raises $1.9 billion in IPO

Altice USA Inc said on Wednesday the cable operator that Netherlands-based Altice NV formed by acquiring Cablevision and Suddenlink Communications, raised $1.9 billion in an initial public offering. Taking Altice USA public will give Altice's founder, Fre
Published 26 Jun, 2017 12:00am
Cable operator Altice USA raises $1.9 billion in IPO

Cable operator Altice USA raises $1.9 billion in IPO

Altice USA Inc said on Wednesday the cable operator that Netherlands-based Altice NV formed by acquiring Cablevision and Suddenlink Communications, raised $1.9 billion in an initial public offering. Taking Altice USA public will give Altice's founder, Fre
Published 26 Jun, 2017 12:00am
Bond market flashing worry on economy, countering Fed view

Bond market flashing worry on economy, countering Fed view

The US Treasury yield curve is flashing warning signs on the economy, pointing to a less optimistic prediction for longer-term economic growth at the same time as Federal Reserve officials are adopting a more aggressive tone on raising interest rates.
Published 26 Jun, 2017 12:00am
Bond market flashing worry on economy, countering Fed view

Bond market flashing worry on economy, countering Fed view

The US Treasury yield curve is flashing warning signs on the economy, pointing to a less optimistic prediction for longer-term economic growth at the same time as Federal Reserve officials are adopting a more aggressive tone on raising interest rates.
Published 26 Jun, 2017 12:00am
India allows hedge funds to invest in commodity derivatives
Mutual Funds

India allows hedge funds to invest in commodity derivatives

India's markets regulator on Wednesday allowed hedge funds registered as category III Alternative Investment Funds (AIFs) to invest in commodity derivatives as clients, opening up the market to institutional investors for the first time. The action by Sec
Published 26 Jun, 2017 12:00am
India allows hedge funds to invest in commodity derivatives
Mutual Funds

India allows hedge funds to invest in commodity derivatives

India's markets regulator on Wednesday allowed hedge funds registered as category III Alternative Investment Funds (AIFs) to invest in commodity derivatives as clients, opening up the market to institutional investors for the first time. The action by Sec
Published 26 Jun, 2017 12:00am
France's Total to go ahead with major Iran gas project: CEO

France's Total to go ahead with major Iran gas project: CEO

Total will go ahead with development of a giant Iranian gas field this summer, its CEO told Reuters, in the first major western energy investment in the country since Tehran signed an international nuclear deal. Chief Executive Patrick Pouyanne said the F
Published 26 Jun, 2017 12:00am
Oracle profit beats as cloud shift gains steam, shares at record

Oracle profit beats as cloud shift gains steam, shares at record

Oracle Corp's quarterly profit blew past Wall Street estimates and the business software maker forecast an upbeat current-quarter earnings, indicating that the company's transition to cloud is starting to pay off. The company's shares were up 10.6 percent
Published 26 Jun, 2017 12:00am
Oracle profit beats as cloud shift gains steam, shares at record

Oracle profit beats as cloud shift gains steam, shares at record

Oracle Corp's quarterly profit blew past Wall Street estimates and the business software maker forecast an upbeat current-quarter earnings, indicating that the company's transition to cloud is starting to pay off. The company's shares were up 10.6 percent
Published 26 Jun, 2017 12:00am
Nestle buys minority stake in Freshly

Nestle buys minority stake in Freshly

Nestle said on Tuesday it has acquired a minority stake in US group Freshly, a provider of direct-to-consumer freshly prepared meals, its latest step to improve the health profile of its sprawling portfolio. The Swiss food giant said it was lead investor
Published 26 Jun, 2017 12:00am
Nestle buys minority stake in Freshly

Nestle buys minority stake in Freshly

Nestle said on Tuesday it has acquired a minority stake in US group Freshly, a provider of direct-to-consumer freshly prepared meals, its latest step to improve the health profile of its sprawling portfolio. The Swiss food giant said it was lead investor
Published 26 Jun, 2017 12:00am
Qatar Airways firms up order for 20 Boeing 737

Qatar Airways firms up order for 20 Boeing 737

Qatar Airways has firmed up an order for 20 Boeing 737 MAX jets and is awaiting the outcome of possible expansion in Italy and India before deciding whether to exercise further options, the carrier's CEO said on Monday. Qatar Airways signed a letter of in
Published 26 Jun, 2017 12:00am
Etisalat Nigeria to change shareholder structure after debt talks fail

Etisalat Nigeria to change shareholder structure after debt talks fail

Etisalat Nigeria has initiated changes to its shareholding structure after talks with lenders to restructure a $1.2 billion debt failed, the company said on Tuesday. The telecoms firm has been in talks with Nigerian banks to restructure its loan after mis
Published 26 Jun, 2017 12:00am
Etisalat Nigeria to change shareholder structure after debt talks fail

Etisalat Nigeria to change shareholder structure after debt talks fail

Etisalat Nigeria has initiated changes to its shareholding structure after talks with lenders to restructure a $1.2 billion debt failed, the company said on Tuesday. The telecoms firm has been in talks with Nigerian banks to restructure its loan after mis
Published 26 Jun, 2017 12:00am
Cheap debt allows private equity firms to reap more dividends

Cheap debt allows private equity firms to reap more dividends

Private equity firms have used buoyant debt markets to take almost $3 billion in special payouts from European portfolio companies so far this year, quadrupling the same period in 2016. Buyout firms typically invest in a company for up to five years befor
Published 26 Jun, 2017 12:00am
Cheap debt allows private equity firms to reap more dividends

Cheap debt allows private equity firms to reap more dividends

Private equity firms have used buoyant debt markets to take almost $3 billion in special payouts from European portfolio companies so far this year, quadrupling the same period in 2016. Buyout firms typically invest in a company for up to five years befor
Published 26 Jun, 2017 12:00am
Facebook offers Indian women tools to protect privacy

Facebook offers Indian women tools to protect privacy

Facebook has introduced new security features for women using the social media platform in India, including the ability to prevent strangers from downloading their profile pictures, the company said Thursday. Research by the social media giant found that
Published 26 Jun, 2017 12:00am
Amazon aiming to be the dressing room in your house

Amazon aiming to be the dressing room in your house

Amazon is hoping to claim more territory once held by department stores, essentially placing a dressing room in your house. The company, which has been making a big push into selling clothes, is testing a new service that lets members of its Prime program
Published 26 Jun, 2017 12:00am
Twitter to let streaming video stars collect money from fans

Twitter to let streaming video stars collect money from fans

Twitter Inc plans on June 21 to launch a system for people to earn money by streaming live on its Periscope service, a first for Twitter and a way for the company to try to compete with YouTube and others in the search for internet talent. People watching
Published 26 Jun, 2017 12:00am
Olympic champion McLeod sets sizzling 110 metres hurdles pace

Olympic champion McLeod sets sizzling 110 metres hurdles pace

Reigning Olympic 110 metres hurdles champion Omar McLeod ran a sizzling 12.90 seconds in Kingston on Saturday to lay down a marker ahead of the world championships. McLeod's run to secure a third successive national title at the Jamaica championships was
Published 26 Jun, 2017 12:00am
Romero wins first European title in a decade in Munich

Romero wins first European title in a decade in Munich

Argentina's Andres Romero snatched a surprise victory at the BMW International Open on Sunday with a blistering finish, firing a final round of 65 to finish a shot clear of US Masters champion Sergio Garcia. Romero, playing on a sponsor's invitation, reco
Published 26 Jun, 2017 12:00am
Martial arts: South Korea take taekwondo golds

Martial arts: South Korea take taekwondo golds

South Korea took the first two gold medals in the 2017 World Taekwondo Championships on Sunday with victories for both the men and women. In the men's under-54kg category, Kim Tae-Hun, bronze medallist at the 2016 Rio Olympics, defeated Armin Hadipour of
Published 26 Jun, 2017 12:00am
Russia slams World Cup squad doping probe report

Russia slams World Cup squad doping probe report

Russian deputy Prime Minister Vitaly Mutko on Sunday shrugged off a report that the country's entire 2014 World Cup squad was under FIFA investigation for doping. British newspaper The Mail on Sunday wrote that the Russian players are being probed by FIFA
Published 26 Jun, 2017 12:00am
Federer takes ninth Halle title

Federer takes ninth Halle title

World number five Roger Federer delivered a tennis masterclass to beat rising star Alexander Zverev 6-1 6-3 and clinch a record ninth Halle Open title on Sunday as he lay down a marker in the lead-up to Wimbledon. The 18-times grand slam champion, who ski
Published 26 Jun, 2017 12:00am
Vettel, Hamilton clash as Ricciardo wins in Baku

Vettel, Hamilton clash as Ricciardo wins in Baku

Sebastian Vettel was penalised for dangerous driving after deliberately crashing into title rival Lewis Hamilton in a wild and chaotic Azerbaijan Grand Prix won by Red Bull's Daniel Ricciardo on Sunday. Hamilton's Mercedes teammate Valtteri Bottas snatche
Published 26 Jun, 2017 12:00am
Russia puts brave face on early Confed Cup exit

Russia puts brave face on early Confed Cup exit

Russia struggled for positives Sunday after they crashed out of the Confederations Cup on home soil in an ominous sign of how the hosts might fare at next year's World Cup. Football bosses shrugged off fans' fears after the team's early exit following a 2
Published 26 Jun, 2017 12:00am
Lopez crowned king of Queen's

Lopez crowned king of Queen's

Feliciano Lopez won the Queen's Club title in dramatic fashion as the Spaniard saved a match point before defeating Marin Cilic 4-6, 7-6 (7/2), 7-6 (10/8) on Sunday. Trailing by a set to the big-serving Cilic, Lopez held his nerve in a gripping finale to
Published 26 Jun, 2017 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (June 19 to 23, 2017).

Published 26 Jun, 2017 12:00am
The Weather

The Weather

The weather report on Sunday (June 25, 2017) and the forecast for Monday (June 26, 2017).

Published 26 Jun, 2017 12:00am
Eid-ul-Fitr today

Eid-ul-Fitr today

Eid-ul-Fitr will be celebrated on Sunday (today) in Pakistan, announced the central moon-sighting committee here after receiving several confirmations of the moon sighting from various cities and towns. The announcement was made by Chairman Ruet-e-Hilal C
Published 26 Jun, 2017 12:00am
Eid-ul-Fitr today

Eid-ul-Fitr today

Eid-ul-Fitr will be celebrated on Sunday (today) in Pakistan, announced the central moon-sighting committee here after receiving several confirmations of the moon sighting from various cities and towns. The announcement was made by Chairman Ruet-e-Hilal C
Published 26 Jun, 2017 12:00am
THE RUPEE: marginal changes

THE RUPEE: marginal changes

Slight fluctuations were seen in the value of the rupee versus the dollar during the week, ended on June 24, 2017. The rupee stayed put in relation to the dollar for buying and selling buying and selling at Rs 104.87 and Rs 104.88.
Published 26 Jun, 2017 12:00am
THE RUPEE: marginal changes

THE RUPEE: marginal changes

Slight fluctuations were seen in the value of the rupee versus the dollar during the week, ended on June 24, 2017. The rupee stayed put in relation to the dollar for buying and selling buying and selling at Rs 104.87 and Rs 104.88.
Published 26 Jun, 2017 12:00am
Oil tanker fire: 150 killed; over 100 receive burn injuries

Oil tanker fire: 150 killed; over 100 receive burn injuries

At least 150 people burnt alive when an oil tanker caught fire in Ahmedpur Sharqia, Bahawalpur on Sunday morning, according to rescue sources. However, police and hospital authorities have confirmed only 127 deaths. More than 100 people were reported inju
Published 26 Jun, 2017 12:00am
Previous Day
⇧