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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-07-20
Morgan Stanley to shift jobs to Frankfurt due to Brexit

Morgan Stanley to shift jobs to Frankfurt due to Brexit

Morgan Stanley has picked Frankfurt as a new temporary hub to operate in the European Union when Brexit takes effect, a person familiar with the situation said Wednesday. The New York investment bank will double staff in the German city from 200 to 400 in
Published 20 Jul, 2017 12:00am
Morgan Stanley to shift jobs to Frankfurt due to Brexit

Morgan Stanley to shift jobs to Frankfurt due to Brexit

Morgan Stanley has picked Frankfurt as a new temporary hub to operate in the European Union when Brexit takes effect, a person familiar with the situation said Wednesday. The New York investment bank will double staff in the German city from 200 to 400 in
Published 20 Jul, 2017 12:00am
Morgan Stanley claims another trading victory over rival Goldman Sachs

Morgan Stanley claims another trading victory over rival Goldman Sachs

Morgan Stanley beat Wall Street's profit expectations on Wednesday, reporting gains across most of its businesses and producing more trading revenue than rival Goldman Sachs Group Inc, a rare feat. The sixth-largest US bank by assets reported an 11 percen
Published 20 Jul, 2017 12:00am
Morgan Stanley claims another trading victory over rival Goldman Sachs

Morgan Stanley claims another trading victory over rival Goldman Sachs

Morgan Stanley beat Wall Street's profit expectations on Wednesday, reporting gains across most of its businesses and producing more trading revenue than rival Goldman Sachs Group Inc, a rare feat. The sixth-largest US bank by assets reported an 11 percen
Published 20 Jul, 2017 12:00am
BHP to ramp up US shale rigs despite divestment calls
Exchange

BHP to ramp up US shale rigs despite divestment calls

BHP said Wednesday it would double the number of onshore US shale rigs, despite a major shareholder pushing for the commodities giant to divest its American oil and gas assets. The Anglo-Australian firm said in an annual operational review ending June 30
Published 20 Jul, 2017 12:00am
US homebuilding hits four-month high, supply constraints remain

US homebuilding hits four-month high, supply constraints remain

US homebuilding surged to a four-month high in June, but construction activity remains constrained by rising lumber prices and labour and land shortages. June's better-than-expected increase in housing starts ended three straight months of declines, offer
Published 20 Jul, 2017 12:00am
Banks boost Qatar index in otherwise quiet region

Banks boost Qatar index in otherwise quiet region

Banking stocks boosted Qatar's equities market on Wednesday, with some share prices approaching levels last reached before the country's diplomatic crisis erupted in early June, while other bourses in the region were mostly quiet. The Qatar index advanced
Published 20 Jul, 2017 12:00am
Hong Kong stocks hit fresh two-year high

Hong Kong stocks hit fresh two-year high

Hong Kong stocks rose for an eighth straight day on Wednesday to their highest close in more than two years, lifted by shares of China Shenhua Energy and Tencent Holdings. The Hang Seng Index finished 0.6 percent higher at 26,672.16. The Hang Seng China E
Published 20 Jul, 2017 12:00am
Nasdaq hits record on Netflix boost; Dow dragged by Goldman
Exchange

Nasdaq hits record on Netflix boost; Dow dragged by Goldman

A Netflix rally boosted the Nasdaq Composite to a record high on Tuesday while Goldman Sachs Group Inc dragged the Dow lower as earnings take center stage on Wall Street. The Nasdaq posted its eighth consecutive session of gains, the longest streak since
Published 20 Jul, 2017 12:00am
Treasury yields drop

Treasury yields drop

US Treasury yields fell on Tuesday, as investors grew cautious about the latest political drama in Washington around healthcare legislation, with weak economic data adding to the uncertainty about the pace of future interest rate hikes by the Federal Rese
Published 20 Jul, 2017 12:00am
Treasury yields drop

Treasury yields drop

US Treasury yields fell on Tuesday, as investors grew cautious about the latest political drama in Washington around healthcare legislation, with weak economic data adding to the uncertainty about the pace of future interest rate hikes by the Federal Rese
Published 20 Jul, 2017 12:00am
China blue chips power to 18-month high
Exchange

China blue chips power to 18-month high

China's major share indexes rebounded on Wednesday as investors piled into blue chips after robust economic growth data and on expectations that Beijing is stepping up efforts to reform lumbering and inefficient state companies. Even badly bruised small c
Published 20 Jul, 2017 12:00am
Tokyo shares up on bargain hunting

Tokyo shares up on bargain hunting

Tokyo stocks ended slightly higher Wednesday as bargain hunting offset a stronger yen. The benchmark Nikkei 225 index rose 0.10 percent, or 20.95 points, to 20,020.86, while the Topix index of all first-section issues edged up 0.09 percent, or 1.39 points
Published 20 Jul, 2017 12:00am
Most Southeast Asian stocks up

Most Southeast Asian stocks up

Most Southeast Asian stock markets closed higher on Wednesday, in line with Asian peers, as investors looked beyond economic cues from the United States to focus on corporate earnings due next week. Optimism about the Chinese economy underpinned Asian sha
Published 20 Jul, 2017 12:00am
Indian shares soar

Indian shares soar

Indian shares recovered on Wednesday as cigarette maker ITC rebounded and drugmakers gained on hopes of US regulatory approvals and the launches of new drugs. The broader NSE index closed 0.74 percent higher at 9,899.60, while the benchmark BSE index rose
Published 20 Jul, 2017 12:00am
Housebuilders, Reckitt sale lead Britain's FTSE higher

Housebuilders, Reckitt sale lead Britain's FTSE higher

British shares climbed on Wednesday, helped by a buoyant consumer goods sector after Reckitt Benckiser sold its food business, while housebuilders added to gains. The FTSE 100 gained 0.6 percent, with household goods boosting the index, while miners were
Published 20 Jul, 2017 12:00am
Dollar catches breath in Asian trade
Exchange

Dollar catches breath in Asian trade

The dollar nursed losses on Wednesday after skidding to a 10-month low against a currency basket as Republican legislators' failure to pass a stalled healthcare bill raised fears for the rest of President Donald's Trump reform agenda. Republican efforts t
Published 20 Jul, 2017 12:00am
Dollar stays near 10 months lows in Europe

Dollar stays near 10 months lows in Europe

The dollar held near a 10-month low against an index of other currencies on Wednesday as the chances of US rate increase seemed to dwindle but investors remained wary of pushing it lower before major central bank meetings. Both the European Central Bank a
Published 20 Jul, 2017 12:00am
Early trade in New York: dollar edges off lows against euro

Early trade in New York: dollar edges off lows against euro

The US dollar recovered some losses against the euro on Wednesday after touching a more than one-year low in the prior session, but hit a more than three-week low against the yen as traders awaited European Central Bank and Bank of Japan meetings. Market
Published 20 Jul, 2017 12:00am
Dollar plummets against euro, Swiss franc in NY
Exchange

Dollar plummets against euro, Swiss franc in NY

The dollar hit its lowest against the euro and Swiss franc in more than a year on Tuesday, with the broader dollar index touching a more than 10-month low, on reduced confidence in US President Donald Trump's agenda and jitters over hawkish central banks
Published 20 Jul, 2017 12:00am
Sri Lankan rupee recovers

Sri Lankan rupee recovers

The Sri Lankan rupee came off early falls to close firmer on Wednesday as dollar selling by foreign banks in late trade outpaced importer demand for the US currency, dealers said. They said the market is concerned that the downward pressure on the rupee i
Published 20 Jul, 2017 12:00am
Asian currencies tread water ahead of ECB policy meeting
Exchange

Asian currencies tread water ahead of ECB policy meeting

Most Asian currencies traded cautiously on Wednesday ahead the European Central Bank's policy meeting with technicals showing the dollar has been oversold in recent sessions. The ECB will meet on Thursday, and investors remain wary of the outcome after th
Published 20 Jul, 2017 12:00am
Bangladesh's inter-bank forex rates

Bangladesh's inter-bank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Wednesday. 80.64-80.64 (previous 80.64-80.64).
Published 20 Jul, 2017 12:00am
Sterling slips back towards $1.30

Sterling slips back towards $1.30

Sterling edged back towards $1.30 on Wednesday, adding marginally to falls the previous day after weak inflation data poured cold water on expectations that the Bank of England will hike rates this year. The pound rose above $1.31 to 10-month highs earlie
Published 20 Jul, 2017 12:00am
Aussie, kiwi overpower punch-drunk greenback

Aussie, kiwi overpower punch-drunk greenback

The Australian dollar stood at two-year peaks and its New Zealand cousin held near a five-month top as the greenback wrestled with worries about the prospects for the Trump administration's economic agenda. The US currency was reeling from the collapse of
Published 20 Jul, 2017 12:00am
Arsenal stun Bayern on penalties in Shanghai

Arsenal stun Bayern on penalties in Shanghai

Arsenal were outplayed for long periods by Bayern Munich before salvaging a last-gasp draw and then winning 3-2 on penalties in a Shanghai friendly on Wednesday. Reserve goalkeeper Emiliano Martinez was the unlikely hero for the Premier League side, savin
Published 20 Jul, 2017 12:00am
Solanke shines as Liverpool beat Palace in Hong Kong

Solanke shines as Liverpool beat Palace in Hong Kong

New signing Dominic Solanke came off the bench to score as Liverpool beat Crystal Palace 2-0 in a preseason game in Hong Kong on Wednesday. The 19-year-old suggested he could prove a summer bargain at just $4 million as he linked up well with fellow strik
Published 20 Jul, 2017 12:00am
Bracewell quits Ireland coaching job

Bracewell quits Ireland coaching job

Ireland's cricket head coach John Bracewell says he wants a "new goal and challenge" when he leaves his post after two-and-a-half years in December. The former New Zealand head coach had a series of meetings with Cricket Ireland officials this week, and a
Published 20 Jul, 2017 12:00am
Scandal threatens FINA on eve of world championships
Exchange

Scandal threatens FINA on eve of world championships

Swimming's governing body FINA has been drawn into a financial scandal days before both their presidential elections and the start of the swimming world championships in Budapest. Kuwait's Husain Al Musallam, who is standing unopposed as FINA's first vice
Published 20 Jul, 2017 12:00am
Conte signs improved Chelsea deal

Conte signs improved Chelsea deal

Chelsea manager Antonio Conte signed a new two-year deal with the Premier League giants on Wednesday as the club moved to quell reports of a rift with the Italian. The deal was confirmed as Conte, who guided Chelsea to the title in his first season last y
Published 20 Jul, 2017 12:00am
England seamer Wood fit for third Test

England seamer Wood fit for third Test

England fast bowler Mark Wood has been passed fit for next week's Third Test against South Africa at The Oval after scans revealed no serious injury on his left heel. Wood has been blighted by injuries throughout his career, with ankle problems keeping hi
Published 20 Jul, 2017 12:00am
Chairman Hashoo Group hosts reception in honour of cricket team

Chairman Hashoo Group hosts reception in honour of cricket team

Chairman Hashoo Group Sadruddin Hashwani and Deputy Chairman Murtaza Hashwani hosted a reception in honour of the Pakistan cricket team, which won the 2017's ICC Champions Trophy. The event was held here at a local hotel on Wednesday. The event was attend
Published 20 Jul, 2017 12:00am
Former ski-jumper Roglic wins stage, Froome extends Tour lead

Former ski-jumper Roglic wins stage, Froome extends Tour lead

Former champion ski-jumper Primoz Roglic took a sensational solo victory on the mountainous 183km 17th stage of the Tour de France on Wednesday. Chris Froome came home third to stretch his overall lead to 27 seconds as Rigoberto Uran moved up to second an
Published 20 Jul, 2017 12:00am
Kohli seeks smooth relations with Shastri

Kohli seeks smooth relations with Shastri

India captain Virat Kohli said Wednesday he wants a good working relationship with new coach Ravi Shastri after the acrimonious departure of Anil Kumble. And the skipper expressed confidence he can make it work with Shastri. "We know what's expected and w
Published 20 Jul, 2017 12:00am
Forster pens new Saints deal

Forster pens new Saints deal

England international goalkeeper Fraser Forster has signed a new five-year deal with Southampton, the Premier League club confirmed Wednesday. The 29-year-old had agreed a contract last summer until 2021, but the former Celtic stopper has now extended tha
Published 20 Jul, 2017 12:00am
Arshad Memorial Badminton to start next week

Arshad Memorial Badminton to start next week

Arshad Memorial Badminton will start in a week time at City Sports Complex Indoor Hall, District Abbottabad under the aegis of Abbottabad District Badminton Association. Talking to media Commandant Elite Force Ijaz Ahmad Goga said that all arrangements in
Published 20 Jul, 2017 12:00am
Saim, Waji to clash in Abbottabad Squash Summer Camp final

Saim, Waji to clash in Abbottabad Squash Summer Camp final

Saim Tariq and Waji Ullah Nasim took berth into the final of the Abbottabad District Summer Camp Squash Tournament being played at Jansher Khan Squash Complex Abbottabad on Wednesday. The final will be played on Thursday with DPO Abbottabad Kamal Anwar wi
Published 20 Jul, 2017 12:00am
Sri Lanka to probe 2011 World Cup cricket defeat

Sri Lanka to probe 2011 World Cup cricket defeat

Sri Lanka's sports minister gave his support Wednesday for an investigation into the country's controversial 2011 World Cup loss against India, amid fresh allegations of match fixing. The South Asian nation lost the World Cup decider by six wickets at Wan
Published 20 Jul, 2017 12:00am
Berlin summons Turkish envoy over detention of activist

Berlin summons Turkish envoy over detention of activist

Berlin on Wednesday summoned Turkey's ambassador over the detention of a German human rights activist and issued a fresh warning about the Nato partner's respect for the rule of law. "The Turkish government needs to immediately and directly hear the Germa
Published 20 Jul, 2017 12:00am
Sweden blasts Turkey for jailing activist

Sweden blasts Turkey for jailing activist

Sweden's foreign minister slammed Turkey on Wednesday for jailing a Swedish citizen along with several human rights activists, including Amnesty International's Turkey director, after a raid on a workshop in Istanbul. A Turkish court on Tuesday ordered Al
Published 20 Jul, 2017 12:00am
Turkey PM opts for stability in light cabinet reshuffle

Turkey PM opts for stability in light cabinet reshuffle

Turkish Prime Minister Binali Yildirim on Wednesday announced a lighter-than-expected cabinet reshuffle, avoiding major changes in a bid to send a business-as-usual message a year after the failed coup. Deputy Prime Minister Mehmet Simsek, who is trusted
Published 20 Jul, 2017 12:00am
30 civilians dead in anti-IS strikes in Syria: monitor

30 civilians dead in anti-IS strikes in Syria: monitor

At least 30 civilians were killed Wednesday in separate bombing raids by the US-led coalition and pro-regime warplanes on jihadist-held territory in Syria, a monitor said. Fifteen of the victims died in coalition air strikes on a village near the Islamic
Published 20 Jul, 2017 12:00am
Trump opens election panel with demand for voter data

Trump opens election panel with demand for voter data

President Donald Trump launched a highly controversial investigation into election integrity Wednesday, with a demand that reluctant US states turn over data about voters. "This commission is tasked with the sacred duty of upholding the integrity of the b
Published 20 Jul, 2017 12:00am
Singapore offers Manila drones, urban warfare training

Singapore offers Manila drones, urban warfare training

Singapore said Wednesday it has offered surveillance drones and urban warfare training to Philippine troops battling Islamist fighters, to prevent the militants becoming entrenched and threatening the rest of Southeast Asia. Philippine troops have been ba
Published 20 Jul, 2017 12:00am
EU threatens Poland with unprecedented sanctions over court overhaul

EU threatens Poland with unprecedented sanctions over court overhaul

The EU warned Poland's right-wing government Wednesday to suspend controversial court reforms or risk unprecedented sanctions, sharply escalating a standoff with Warsaw. Brussels threatened to trigger moves soon aimed at halting Poland's voting rights in
Published 20 Jul, 2017 12:00am
BBC under fire for gender pay gap as top salaries revealed

BBC under fire for gender pay gap as top salaries revealed

Britain's public broadcaster BBC came under fire on Wednesday for its gender pay imbalance after it was forced to reveal how much it pays its top-earning talent. For the first time in its 94-year existence, the BBC was this year forced to release a list o
Published 20 Jul, 2017 12:00am
Thai general among officials jailed for human trafficking

Thai general among officials jailed for human trafficking

A Thai general, police officers and local politicians were among dozens jailed for human trafficking on Wednesday, many handed decades-long sentences, at a mass trial exposing official complicity in the grim trade in Rohingya and Bangladeshi migrants. The
Published 20 Jul, 2017 12:00am
Saudi Arabia's airline says US laptop ban lifted

Saudi Arabia's airline says US laptop ban lifted

Saudi Arabia's national carrier said a US ban on laptops and tablets in the cabins of its US-bound planes had been lifted on Wednesday. The kingdom's civil aviation authorities informed Saudia that the ban had been lifted after a US team inspected securit
Published 20 Jul, 2017 12:00am
Netanyahu slams EU's 'crazy' Israel policy

Netanyahu slams EU's 'crazy' Israel policy

Prime Minister Benjamin Netanyahu on Wednesday denounced the EU's political demands on Israel as "absolutely crazy", in remarks leaked from a closed-door meeting with eastern and central European leaders in Budapest. "The European Union is the only associ
Published 20 Jul, 2017 12:00am
Cotton nearly steady in light trade before US export sales data
Cotton

Cotton nearly steady in light trade before US export sales data

ICE cotton futures were little changed in thin trading on Wednesday ahead of weekly US export sales data on Thursday amid concerns over dry weather hurting crops in the major cotton-growing state of Texas. After gaining for three straight sessions, the De
Published 20 Jul, 2017 12:00am
Shanghai copper rises
Exchange

Shanghai copper rises

Shanghai Futures Exchange copper rose by 0.3 percent to 47,960 yuan ($7,100) a tonne on Wednesday weighed down by a slightly firmer dollar but supported by a pick-up in China's industrial activity that helped drive second-quarter economic growth. Among ot
Published 20 Jul, 2017 12:00am
Copper cooled by strong dollar, demand underpins
Exchange

Copper cooled by strong dollar, demand underpins

Copper struggled to hold onto gains above $6,000 on Wednesday after the US dollar rose but higher steel prices and upbeat Chinese data boosted expectations of strong demand. Benchmark copper on the London Metal Exchange ended 0.2 percent lower at $5,966.
Published 20 Jul, 2017 12:00am
Oil jumps to six-week high on surprisingly big US inventory draws

Oil jumps to six-week high on surprisingly big US inventory draws

Oil prices jumped almost 2 percent to a six-week high on Wednesday after a US report showed a bigger weekly draw than forecast in crude and gasoline stocks along with a surprise drop in distillate inventories. The Energy Information Administration (EIA) s
Published 20 Jul, 2017 12:00am
Rubber soars
Exchange

Rubber soars

Benchmark Tokyo rubber futures ended up 3.1 percent on Wednesday after hitting their highest in one-and-a-half months in late trading on the back of firm Shanghai futures. The Tokyo Commodity Exchange rubber contract for December delivery finished 6.2 yen
Published 20 Jul, 2017 12:00am
Malaysian palm oil rebounds on export expectations
Vegetable Oil

Malaysian palm oil rebounds on export expectations

Malaysian palm oil futures rebounded on Wednesday evening, lifted from an earlier two-week low by expectations of stronger cargo surveyor data due for release on Thursday. The market had fallen on an expected increase in production, with Malaysia's palm o
Published 20 Jul, 2017 12:00am
Sugar rises on broad-based buying, Brazil cold snap

Sugar rises on broad-based buying, Brazil cold snap

Raw sugar futures on ICE rose to their highest level in seven weeks on Wednesday, supported by broad-based commodity buying and concerns about cold crop weather in Brazil, the world's biggest producer, while cocoa prices rose after strong Asian grind data
Published 20 Jul, 2017 12:00am
Gold climbs in New York
Exchange

Gold climbs in New York

Gold prices hit a more than two-week high on Tuesday, supported by expectations of stronger demand from the physical market and as the dollar fell on fading prospects of an imminent increase in US interest rates. The dollar sank to a 10-month low against
Published 20 Jul, 2017 12:00am
Gold lower in Asia
Exchange

Gold lower in Asia

Gold prices edged lower in Asia on Wednesday as the dollar took a breather after plunging to multi-month lows, although fading prospects for US monetary tightening this year and political gridlock in Washington continued to pressure the greenback. The dol
Published 20 Jul, 2017 12:00am
Gold down in Europe
Exchange

Gold down in Europe

Gold retreated towards $1,240 an ounce on Wednesday as the dollar's recovery from 10-month lows dampened upward momentum in the metal after three straight sessions of gains. Gold prices had risen 2 percent by late Tuesday from early Friday levels as the c
Published 20 Jul, 2017 12:00am
Strategie Grains cuts EU harvest outlook again

Strategie Grains cuts EU harvest outlook again

Searing heat in the past month has led Strategie Grains analysts to make further cuts to their forecasts for European Union wheat, barley and maize production this year. In a monthly report, the consultancy projected the 2017 EU soft wheat crop at 140.7 m
Published 20 Jul, 2017 12:00am
Corn, soya surge

Corn, soya surge

Chicago Board of Trade corn and soyabean futures rose more than 1 percent on Wednesday, extending gains from the previous session on outlooks for mostly dry weather that likely will stress US crops, traders and analysts said. Corn and soya prices came off
Published 20 Jul, 2017 12:00am
US MIDDAY: gold slips
Exchange

US MIDDAY: gold slips

Gold slipped back towards $1,240 an ounce on Wednesday, after three straight day's of gains, as the US dollar's recovered slightly from a 10-month low. Bullion held below Tuesday's 2-1/2-week high, when prices were buoyed by the failure of US President Do
Published 20 Jul, 2017 12:00am
Parliamentary panel approves Elections Bill 2017 amid reservations

Parliamentary panel approves Elections Bill 2017 amid reservations

The Parliamentary Committee on Electoral Reforms has approved Elections Bill 2017 amidst reservations of Pakistan Tehreek-e-Insaf (PTI) and Jamaat-e-Islami (JI). Minister for Finance Muhammad Ishaq Dar chaired the 25th in-camera meeting of the committee h
Published 20 Jul, 2017 12:00am
70th Independence Day to be celebrated with fervour & zeal

70th Independence Day to be celebrated with fervour & zeal

The 70th Independence Day celebrations will be held with full fervour and zeal by the Schools Education Department throughout the province and a committee has also been constituted to finalize the programs.
Published 20 Jul, 2017 12:00am
Auction for MTBs: government borrows Rs 1 trillion

Auction for MTBs: government borrows Rs 1 trillion

The federal government Wednesday borrowed over Rs 1 trillion from banking sector through the auction for short-term bonds to meet its financial needs. Banks aggressively participated in the auction for T-bills, however the cut-off yield on short-term gove
Published 20 Jul, 2017 12:00am
Auction for MTBs: government borrows Rs 1 trillion

Auction for MTBs: government borrows Rs 1 trillion

The federal government Wednesday borrowed over Rs 1 trillion from banking sector through the auction for short-term bonds to meet its financial needs. Banks aggressively participated in the auction for T-bills, however the cut-off yield on short-term gove
Published 20 Jul, 2017 12:00am
Land occupation in Quetta: meeting held

Land occupation in Quetta: meeting held

The Senate Standing Committee on Defence Wednesday observed that the land acquisition process and determination of compensation to the affectees require an appropriate legislation/ amendment in the Balochistan's Land Revenue Act.
Published 20 Jul, 2017 12:00am
Army receives over 50 new Fido X3 explosives detectors from US

Army receives over 50 new Fido X3 explosives detectors from US

The Pakistan Army received more than 50 new Fido X3 explosives detectors from the US Embassy's Office of the Defense Representative - Pakistan (ODRP). The Fido is a sophisticated hand-held device that will allow Pakistani soldiers determine in less than t
Published 20 Jul, 2017 12:00am
Greater efforts urged for Palestine solution

Greater efforts urged for Palestine solution

Condemning the locking of Masjid-al-Aqsa by Israeli authorities, the speakers at a conference have urged the leadership of Muslim countries to make joint efforts to resolve the Palestine issue. The speakers including Palestinian and Jordanian ambassadors
Published 20 Jul, 2017 12:00am
Cherat Cement Company Limited (CHCC)
Mutual Funds

Cherat Cement Company Limited (CHCC)

Part of the Ghulam Faruque Group (GFG), Cherat Cement Company Limited (KSE: CHCC) was established in 1981 with its plant located near the district of Nowshera, KP. Starting with a production capacity of 1,100 tons per day and after subsequent expansions,
Published 20 Jul, 2017 12:00am
Cherat Cement Company Limited (CHCC)
Mutual Funds

Cherat Cement Company Limited (CHCC)

Part of the Ghulam Faruque Group (GFG), Cherat Cement Company Limited (KSE: CHCC) was established in 1981 with its plant located near the district of Nowshera, KP. Starting with a production capacity of 1,100 tons per day and after subsequent expansions,
Published 20 Jul, 2017 12:00am
Punjab government to establish 100 vocational institutes

Punjab government to establish 100 vocational institutes

The Punjab government is committed to promote technical and vocational education in the province to provide better economic opportunities to the students. For this purpose, it has been decided to introduce technical and vocational education at the school
Published 20 Jul, 2017 12:00am
IRSA stores 10 MAF water in Mangla, Tarbela reservoirs
Cotton

IRSA stores 10 MAF water in Mangla, Tarbela reservoirs

The Indus River System Authority (IRSA) has managed to store 10 MAF water in the Mangla dam on the river Jhelum and Tarbela dam on the mighty Indus till 19th July after meeting irrigation water demands of the provinces for sowing, growing and maturing of
Published 20 Jul, 2017 12:00am
Speakers for immediate merger of FATA with KP

Speakers for immediate merger of FATA with KP

Representatives of different political and religious parties at a national seminar on FATA at Mansoora on Wednesday, called for immediate abolition of the FCR and merger of tribal areas with KP in the light of the Sartaj Aziz committee recommendations. A
Published 20 Jul, 2017 12:00am
Weed causes loss of Rs 65 billions to major crops: CABB
Cotton

Weed causes loss of Rs 65 billions to major crops: CABB

The losses caused by weeds to our major crops are estimated to be about Rs 65 billion. These losses can be reduced by means of weed prevention, eradication and chemical control, said Dr Muhammad Sarwar Khan, Director, Center of Agricultural Biochemistry a
Published 20 Jul, 2017 12:00am
Bilawal condemns killing of four Hazaras in Mastung

Bilawal condemns killing of four Hazaras in Mastung

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has strongly condemned the killing of four Hazara community members near Mastung in an ambush by terrorists Wednesday. In a statement issued here, the PPP leader said that terrorists are targeting eve
Published 20 Jul, 2017 12:00am
Government planning to establish 46 SEZs on CPEC route: BoI

Government planning to establish 46 SEZs on CPEC route: BoI

In recent chain of events the Board of Investment (BoI) announced that the government is planning to establish 46 Special Economic Zones (SEZs) in conjunction with the China-Pakistan Economic Corridor (CPEC) route in the long run. During the Pak-China Joi
Published 20 Jul, 2017 12:00am
Chinese delegation meets PU VC

Chinese delegation meets PU VC

A high level delegation of China Association of Higher Education called on Punjab University (PU) Vice Chancellor (VC) Professor Dr Zaffar Mueen Nasar on Wednesday. The delegation was comprised of Xiaomei Wang, deputy secretary general of China Associatio
Published 20 Jul, 2017 12:00am
CPEC to help boost country's economy: Mamnoon

CPEC to help boost country's economy: Mamnoon

President Mamnoon Hussain has called upon the government officers to serve people with dedication and commitment in line with the exemplary sense of duty, compassion and extraordinary spirit of their predecessors. While addressing the participants of 10th
Published 20 Jul, 2017 12:00am
Quality medicines being procured for patients

Quality medicines being procured for patients

The government is procuring high quality medicines from multinational pharmaceutical companies and well reputed national pharmaceutical companies for free distribution among the patients. A spokesman of Punjab health department said that as per directions
Published 20 Jul, 2017 12:00am
TDAP holds seminar on REX system at LCCI

TDAP holds seminar on REX system at LCCI

The Registered Exporter System (the REX System) is the system of Certificate of Origin of Goods that applies in the Generalized System of Preference (GSP) of the European Union and observance of the same is mandatory for all exporters to the European Unio
Published 20 Jul, 2017 12:00am
State of Pakistan''s economy
Cotton

State of Pakistan''s economy

To attribute the state of the economy entirely to the current political uncertainty is not correct. The fact is that it was in a fragile state, no matter what gloss one tried to put on it.

Published 20 Jul, 2017 12:00am
State of Pakistan's economy
Cotton

State of Pakistan's economy

To attribute the state of the economy entirely to the current political uncertainty is not correct. The fact is that it was in a fragile state, no matter what gloss one tried to put on it.

Published 20 Jul, 2017 12:00am
State of Pakistan's economy
Cotton

State of Pakistan's economy

To attribute the state of the economy entirely to the current political uncertainty is not correct. The fact is that it was in a fragile state, no matter what gloss one tried to put on it.

Published 20 Jul, 2017 12:00am
Shahbaz orders forensic audit of Punjab Land Record Authority

Shahbaz orders forensic audit of Punjab Land Record Authority

Chief Minister Punjab Shahbaz Sharif has directed to hold forensic audit of the affairs of Punjab Land Record Authority after a revelation that names of 17615 persons were unverified during the wheat purchase campaign of 2017.
Published 20 Jul, 2017 12:00am
PPMA urges Nawaz to sign summaries sent by DPC

PPMA urges Nawaz to sign summaries sent by DPC

Pakistan Pharmaceutical Manufacturers' Association (PPMA) has urged the Prime Minister to take time out forthwith from his political engagements to sign summaries sent by the Drug Pricing Committee (DPC) last year as critically ill patients have been acut
Published 20 Jul, 2017 12:00am
Senators call for cyber crimes legislation under Article 19

Senators call for cyber crimes legislation under Article 19

The lawmakers in Senate on Wednesday called for legislation under Article 19 to ensure that Cyber Crime Act is not stifled under the pretext of national security and protecting honour of the armed forces. The opposition senators expressed concern over the
Published 20 Jul, 2017 12:00am
Financial rules on universities Act under fire in KP PAC

Financial rules on universities Act under fire in KP PAC

Financial rules framed under Universities Act came under fire in the meeting of Public Accounts Committee (PAC) of Khyber Pakhtunkhwa Assembly and the members of the committee expressed concerns that universities while framing their rules used to follow t
Published 20 Jul, 2017 12:00am
Benches, dustbins installed in Swat tourist sites

Benches, dustbins installed in Swat tourist sites

The Tourism Corporation Khyber Pakhtunkhwa (TCKP) under the World Bank project for Economic Revitalization of Khyber Pakhtunkhwa and Fata (ERKF) has installed benches and dustbins at various tourist places in the scenic Swat valley.
Published 20 Jul, 2017 12:00am
Seven staffers of LRH suspended over operation theater video leak

Seven staffers of LRH suspended over operation theater video leak

The management of the Lady Reading Hospital (LRH) Peshawar has suspended seven employees of the hospital for filming rainwater dripping from the ceiling of Operation Theater. According to sources, the suspended staff members were identified as Farid, Maso
Published 20 Jul, 2017 12:00am
FBR alerts taxpayers to fake, harmful emails

FBR alerts taxpayers to fake, harmful emails

The Federal Board of Revenue (FBR) has alerted the taxpayers to fake, harmful emails-cum-notices being sent to them regarding anomalies in their tax returns. A statement by FBR has denied any association with these emails being sent from a fake email addr
Published 20 Jul, 2017 12:00am
First session: Pakistan-Iran Higher Border Commission held in Tehran

First session: Pakistan-Iran Higher Border Commission held in Tehran

Pakistan and Iran have held first session of the Pakistan-Iran Higher Border Commission in Tehran to explore ways to improve border monitoring, officials said on Wednesday. The two sides held constructive discussions for effective implementation of existi
Published 20 Jul, 2017 12:00am
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