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Print - 2017-08-14
India's MCX to launch gold options in September
Exchange

India's MCX to launch gold options in September

India's Multi Commodity Exchange (MCX) will launch the country's first gold options contract in September allowing even smaller players in the bullion industry an instrument to hedge their risk, a senior company official told Reuters. "Somewhere around en
Published 14 Aug, 2017 12:00am
Japan investors buy French bonds, sell German debt in June

Japan investors buy French bonds, sell German debt in June

Japanese investors were net buyers of French bonds and sellers of German bonds in June, data from Japan's Ministry of Finance showed on Tuesday, attracted by the higher yields on French securities. Monthly portfolio investment data showed Japanese investo
Published 14 Aug, 2017 12:00am
Japan investors buy French bonds, sell German debt in June

Japan investors buy French bonds, sell German debt in June

Japanese investors were net buyers of French bonds and sellers of German bonds in June, data from Japan's Ministry of Finance showed on Tuesday, attracted by the higher yields on French securities. Monthly portfolio investment data showed Japanese investo
Published 14 Aug, 2017 12:00am
China's money rates slightly up

China's money rates slightly up

China's primary money rates were slightly up for the week after the central bank drained some cash out of the market, though liquidity stress seen in June has abated and helped check any sharp moves. Traders said market sentiment was unaffected by the sma
Published 14 Aug, 2017 12:00am
China funds cut equity allocations to nine-month low, boost cash

China funds cut equity allocations to nine-month low, boost cash

Chinese fund managers have cut their suggested equity exposure for the next three months to the lowest level in three quarters, on caution after a robust run-up in blue-chips and as start-up tech firms reported lacklustre earnings, a monthly Reuters poll
Published 14 Aug, 2017 12:00am
China funds cut equity allocations to nine-month low, boost cash

China funds cut equity allocations to nine-month low, boost cash

Chinese fund managers have cut their suggested equity exposure for the next three months to the lowest level in three quarters, on caution after a robust run-up in blue-chips and as start-up tech firms reported lacklustre earnings, a monthly Reuters poll
Published 14 Aug, 2017 12:00am
Kazakh bank plans $3 billion bond-buying scheme to ease debt crisis

Kazakh bank plans $3 billion bond-buying scheme to ease debt crisis

Kazakhstan's central bank plans to inject 0.6-1.0 trillion tenge ($1.8-3.0 billion) into local banks through a bond-purchasing programme to help them write off bad loans, provided shareholders pitch in too, an official said on Thursday. The central bank w
Published 14 Aug, 2017 12:00am
Kazakh bank plans $3 billion bond-buying scheme to ease debt crisis

Kazakh bank plans $3 billion bond-buying scheme to ease debt crisis

Kazakhstan's central bank plans to inject 0.6-1.0 trillion tenge ($1.8-3.0 billion) into local banks through a bond-purchasing programme to help them write off bad loans, provided shareholders pitch in too, an official said on Thursday. The central bank w
Published 14 Aug, 2017 12:00am
Jordan approaches banks for dollar bond or sukuk issue

Jordan approaches banks for dollar bond or sukuk issue

The government of Jordan has asked banks to submit proposals to arrange a US dollar conventional or Islamic bond issue, sources familiar with the matter said on Sunday. The bond would be of benchmark size, said one of the sources, declining to be named be
Published 14 Aug, 2017 12:00am
Jordan approaches banks for dollar bond or sukuk issue

Jordan approaches banks for dollar bond or sukuk issue

The government of Jordan has asked banks to submit proposals to arrange a US dollar conventional or Islamic bond issue, sources familiar with the matter said on Sunday. The bond would be of benchmark size, said one of the sources, declining to be named be
Published 14 Aug, 2017 12:00am
'Flash Boys' exchange IEX aims to price out predatory traders
Exchange

'Flash Boys' exchange IEX aims to price out predatory traders

IEX Group Inc plans to push what it views as predatory trading strategies out of the market by raising fees for firms that cash in on stale prices, the stock exchange operator said on Friday. Much like the high-speed trading firms it is trying to thwart,
Published 14 Aug, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 80.70-80.70 (previous 80.70-80.70).
Published 14 Aug, 2017 12:00am
Energy hedge funds look to spreads, margins as long bets flail

Energy hedge funds look to spreads, margins as long bets flail

For the oil-trading community, the fall of hedge fund manager Andy Hall signalled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar spreads.
Published 14 Aug, 2017 12:00am
Energy hedge funds look to spreads, margins as long bets flail

Energy hedge funds look to spreads, margins as long bets flail

For the oil-trading community, the fall of hedge fund manager Andy Hall signalled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar spreads.
Published 14 Aug, 2017 12:00am
Lukaku makes dream debut, Shelvey dismissal sparks Spurs

Lukaku makes dream debut, Shelvey dismissal sparks Spurs

Romelu Lukaku enjoyed a dream Premier League debut for Manchester United as the Belgian's brace inspired a 4-0 rout of West Ham, while Jonjo Shelvey's dismissal was the pivotal moment in Tottenham's 2-0 win at Newcastle on Sunday. United manager Jose Mour
Published 14 Aug, 2017 12:00am
Pandya, Kuldeep put India on top

Pandya, Kuldeep put India on top

A blazing century from all-rounder Hardik Pandya and four wickets from spinner Kuldeep Yadav left India in total command of the third and final Test against Sri Lanka on Sunday. Kuldeep led an inspired bowling display with his left-arm wrist spin to help
Published 14 Aug, 2017 12:00am
Prince Club Mardan win Independence Day T20 Cup

Prince Club Mardan win Independence Day T20 Cup

Prince Club Mardan defeated Charsadda Club in the final of the Independence Day Inter-Club Twenty20 Cricket Tournament organised at Fazal-e-Haq College Mardan here on Sunday. Principal Fazal-e-Haq College Mardan Ijaz Ahmad Khan was the chief guest on this
Published 14 Aug, 2017 12:00am
Resurgent Federer advances to Montreal final

Resurgent Federer advances to Montreal final

Swiss superstar Roger Federer turned in a precision performance Saturday at the ATP Montreal tennis, using thundering serves and clever backhands to defeat unseeded Robin Haase for a spot in the final. The 36-year-old Federer blasted nine aces and lost ju
Published 14 Aug, 2017 12:00am
Pearson roars to world 100 metres hurdles gold

Pearson roars to world 100 metres hurdles gold

Australia's Sally Pearson completed one of the great sporting comebacks when she overcame two years of injury agony to win the world 100 metres hurdles title at the age of 30 on Saturday. Pearson, world champion in 2011 and Olympic gold medallist in Londo
Published 14 Aug, 2017 12:00am
Colombian pride as Arevalo takes gold in men's 20km walk

Colombian pride as Arevalo takes gold in men's 20km walk

Eider Arevalo won Colombia's first gold of the World Championships on Sunday by triumphing in the men's 20 kilometre walk. The 24-year-old continued his unbeaten run over this distance in 2017 by crossing the line, wearing his country's flag as a cape, in
Published 14 Aug, 2017 12:00am
Diniz enjoys his golden moment at last

Diniz enjoys his golden moment at last

Mercurial Frenchman Yohann Diniz finally secured the global title that had frustratingly eluded him when he won men's 50 kilometres walk world championship gold at the sixth attempt on Sunday. The 39-year-old - whose previous best was silver in the 2007 w
Published 14 Aug, 2017 12:00am
Britain win shock 4x100 relay gold as Bolt pulls up
Exchange

Britain win shock 4x100 relay gold as Bolt pulls up

Usain Bolt's final track appearance ended with pain and frustration on Saturday as he pulled up injured running the final leg of the World Championships 4x100 metres relay as Britain stunned the United States to win a shock gold medal. Bolt, who had to se
Published 14 Aug, 2017 12:00am
White House defends Trump's response to Virginia violence

White House defends Trump's response to Virginia violence

The White House on Sunday struggled to defuse the growing criticism of President Donald Trump's initial failure to explicitly condemn white supremacists for their role in the violent protest Saturday in Virginia, insisting that his condemnation included a
Published 14 Aug, 2017 12:00am
More NGOs follow MSF in suspending Mediterranean migrant rescues

More NGOs follow MSF in suspending Mediterranean migrant rescues

Two more aid groups have suspended migrant rescues in the Mediterranean, joining Doctors Without Borders, because they felt threatened by the Libyan coastguard. Save the Children and Germany's Sea Watch said on Sunday their crews could no longer work safe
Published 14 Aug, 2017 12:00am
Iran MPs boost missile funds in response to US sanctions
Exchange

Iran MPs boost missile funds in response to US sanctions

Iran's parliament on Sunday approved more than half a billion dollars in funding for the country's missile programme and foreign operations of the elite Revolutionary Guards in response to US sanctions. The move follows a spike in tensions between Tehran
Published 14 Aug, 2017 12:00am
Portugal asks for help from Europe to fight fires

Portugal asks for help from Europe to fight fires

More than 3,000 firemen struggled to put out forest fires across Portugal on Sunday, after the country requested assistance from Europe to fight blazes that threaten to spread with more hot weather in the coming days. Exceptionally dry and hot weather ign
Published 14 Aug, 2017 12:00am
CIA chief says 'nothing imminent' in US-North Korea standoff

CIA chief says 'nothing imminent' in US-North Korea standoff

CIA director Mike Pompeo offered assurances Sunday there was "nothing imminent" in the US standoff with nuclear-armed North Korea but said he wouldn't be surprised if Pyongyang conducted another missile test. Pompeo's remarks cap a week in which US Presid
Published 14 Aug, 2017 12:00am
Commandos kill 25 jihadists in central Syria

Commandos kill 25 jihadists in central Syria

A commando operation backed by Russian warplanes and helicopters has killed 25 members of the Islamic State jihadist group in central Syria, a monitor said Sunday. Supported by regime ally Russia, Syria's army has waged a months-long offensive to recaptur
Published 14 Aug, 2017 12:00am
Senior Afghan IS members killed in US air strike

Senior Afghan IS members killed in US air strike

Several senior Islamic State group members in Afghanistan - including a provincial leader - have been killed in a United States air strike, an official said Sunday. General John Nicholson, commander of US forces in Afghanistan, said Thursday's strike kill
Published 14 Aug, 2017 12:00am
Western powers concerned at Kosovo political deadlock

Western powers concerned at Kosovo political deadlock

Leading western powers voiced concern Sunday at political deadlock in Kosovo, which has still not formed a government two months after snap elections in the tiny country, a former Serbian province. Britain, France, Germany, Italy and United States said it
Published 14 Aug, 2017 12:00am
Monsoon landslide kills 45 in northern India

Monsoon landslide kills 45 in northern India

A massive landslide in mountainous northern India swept two packed passenger buses off a hillside Sunday into a deep gorge, killing 45 people, an official said. The coaches had stopped for a tea break around midnight Saturday in Himachal Pradesh when tonn
Published 14 Aug, 2017 12:00am
Two US soldiers killed in Iraq

Two US soldiers killed in Iraq

Two US soldiers were killed and five wounded in northern Iraq on Sunday during "combat operations", a statement from the American military said. "Initial reports indicate the incident was not due to enemy contact," said the statement from Centcom, the US
Published 14 Aug, 2017 12:00am
PPP-SB leader injured in police encounter
Exchange

PPP-SB leader injured in police encounter

A local leader of Pakistan Peoples Party-Shaheed Bhutto (PPP-SB) Irshad Khaskheli was allegedly shot and injured in a police encounter a few hours after his arrest and temporary detention at Hussainabad police station. However, the police spokesman Mazhar
Published 14 Aug, 2017 12:00am
Bilawal felicitates nation on Independence Day

Bilawal felicitates nation on Independence Day

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has extended greetings to entire nation on 70th Independence Day and urged that every Pakistani has to play his or her role create a great egalitarian role-model Muslim country as per the vision of ou
Published 14 Aug, 2017 12:00am
Independence Day: celebrations reach at its peak in Punjab

Independence Day: celebrations reach at its peak in Punjab

In Punjab the 70th Independence Day celebrations that started on first August reach their peak yesterday - 14th August; when people renew their strong resolve to make every sacrifice to protect the sovereignty, integrity and unity of the country created i
Published 14 Aug, 2017 12:00am
KE facilitation stall set up at ABAD Expo

KE facilitation stall set up at ABAD Expo

Aimed at facilitating customers seeking new electricity connections and to promote energy conservation practices, K-Electric (KE) has set up facilitation stall at the 4th Association of Builders and Developers of Pakistan (ABAD) Expo 2017. KE facilitation
Published 14 Aug, 2017 12:00am
Nation's decision is in Nawaz's favour, says Mushahidullah

Nation's decision is in Nawaz's favour, says Mushahidullah

Federal Minister for Climate Change Mushahidullah Khan on Sunday said that the nation had given the decision in favour of former prime minister Nawaz Sharif and now other institutions should also consider it. He was talking to the media outside the reside
Published 14 Aug, 2017 12:00am
Flag hoisting ceremony at KPT Head Office

Flag hoisting ceremony at KPT Head Office

The 70th Independence Day of Pakistan is planned to take place in upbeat spirit, an official of Karachi Port Trust (KPT) said here on Sunday. He said that the proceedings at KPT head Office will commence with beguile blowing for two minutes, from 8:58 - 9
Published 14 Aug, 2017 12:00am
Medical college & hospital KU VC hails PM's announcement

Medical college & hospital KU VC hails PM's announcement

The Vice Chancellor of the University of Karachi (KU), Professor Dr Muhammad Ajmal Khan, has hailed Prime Minister Shahid Khaqan Abbasi's announcement for the establishment of a medical college and hospital at the university. The Prime Minister during his
Published 14 Aug, 2017 12:00am
Karachiites to celebrate Independence Day with zeal today

Karachiites to celebrate Independence Day with zeal today

Pakistani nation is all set to celebrate the 70th anniversary of the country's independence on Monday (today) with the national zeal and zest. Pakistan's Independence Day will dawn in Karachi with a 21-gun salute. Special prayers will be held for the pros
Published 14 Aug, 2017 12:00am
The City School digitalises fee payment via 'mobile wallets'

The City School digitalises fee payment via 'mobile wallets'

The City School, one of the leading education institutions of Pakistan signed a Memorandum of Understanding (MoU) with FINCA, a microfinance bank in the world for the payment of school fees through mobile phones to make the process easy for parents. This
Published 14 Aug, 2017 12:00am
Six killed as van catches fire in Karachi

Six killed as van catches fire in Karachi

Six people were killed and two others injured as a van they were travelling in, caught fire in Karachi's Garden area on Sunday The ill-fated incident occurred near Karachi Zoo in Garden area when the family was going on a picnic. As the van caught fire, p
Published 14 Aug, 2017 12:00am
Pakistan at 70: 'It May be Near When it Seems So Far'

Pakistan at 70: 'It May be Near When it Seems So Far'

"Alice: Would you tell me, please, which way I ought to go from here? The Cheshire Cat: That depends a good deal on where you want to get to. Alice: I don't much care where. The Cheshire Cat: Then it doesn't much matter which way you go. Alice: ...So lon
Published 14 Aug, 2017 12:00am
PML-N has a history of maligning apex court: Musharraf

PML-N has a history of maligning apex court: Musharraf

Chairman All Pakistan Muslim League (APML) General Pervez Musharraf (Retd) has said that there is political chaos in the country to such an extent that not even educated people knows what will happen next day. Addressing the public meeting at Dhobi Ghaat
Published 14 Aug, 2017 12:00am
Farmers protest against water shortage

Farmers protest against water shortage

Farmers of several villages in Dheri Zardad area of Charsadda district have staged a protest demonstration against insufficient water supply to irrigate their farms and appealed to the government for taking steps for uninterrupted water supply. The protes
Published 14 Aug, 2017 12:00am
Ufone appoints Rashid Khan as acting CEO

Ufone appoints Rashid Khan as acting CEO

The Board of Directors at Ufone, an Etisalat Group Company, announced the appointment of Rashid Khan as acting CEO of Ufone effective August 15, 2017. Rashid Khan will replace Rainer Rathgeber who served as CEO Ufone for last one and half years and has de
Published 14 Aug, 2017 12:00am
Independence Day: sale of national flags gains momentum

Independence Day: sale of national flags gains momentum

Business of national flags, stickers, badges, and other decorative items has gained much impetus in the provincial capital Peshawar, as shopkeepers have run out of all stocks of items relating to Independence Day. As the nation is celebrating today (Monda
Published 14 Aug, 2017 12:00am
PM for strengthening of state institutions

PM for strengthening of state institutions

Prime Minister, Shahid Khaqan Abbasi has said Quaid-e-Azam envisioned Pakistan as a modern democratic entity which faced myriad challenges. He said the Pakistan Muslim League-N government, notwithstanding the confronting difficulties has made the realizat
Published 14 Aug, 2017 12:00am
ISPR releases song

ISPR releases song

Inter-Services Public Relations (ISPR) has released a song on Sunday in connection with Independence Day of Pakistan on August 14. Media cell of the army released the song titled Ae Watan Tera Bhala Ho on social media. The song supplements military's reit
Published 14 Aug, 2017 12:00am
Azadi Train leaves for Rawalpindi from Peshawar Cantt

Azadi Train leaves for Rawalpindi from Peshawar Cantt

The Azadi Train representing cultures of different areas of Pakistan left for Rawalpindi from Peshawar cantonment railway station on Sunday. A coach is namesake of Pakistan Army and is called 'Hum Sab Ka Pakistan.' The coach highlights the sacrifices and
Published 14 Aug, 2017 12:00am
KP to take up NFC Award issue with PM

KP to take up NFC Award issue with PM

The provincial government of Khyber Pakhtunkhwa has decided to raise the issue of the announcement of 9th National Finance Commission (NFC) Award with the newly elected Prime Minister Shahid Khaqan Abbasi. For this purpose, the provincial government has d
Published 14 Aug, 2017 12:00am
Zardari voices concern over resurrection of banned outfits

Zardari voices concern over resurrection of banned outfits

Felicitating the nation on completing 70 years of independence former President Asif Ali Zardari today asked the people to re-dedicate themselves to the twin ideals of democracy and people's welfare for which Pakistan was created. Amid celebrations today
Published 14 Aug, 2017 12:00am
Canadian HC asks builders to use BRB in buildings

Canadian HC asks builders to use BRB in buildings

Canadian High Commissioner Perry John Calderwood on Sunday asked the Pakistani builders and developers to use 'Buckling Restrained Brace' (BRB) in building constructions because Pakistan is a very vulnerable country to earthquakes. "BRB - a very high leve
Published 14 Aug, 2017 12:00am
President for adherence to national goals for prosperity

President for adherence to national goals for prosperity

President Mamnoon Hussain has said as the nation happily hoists the national flag today, it needs to reiterate the strong resolve to always uphold the values of determination and dedication for the objective of development of Pakistan. "Today let us make
Published 14 Aug, 2017 12:00am
KP PSEs' irregular investments of over Rs 6 billion detected

KP PSEs' irregular investments of over Rs 6 billion detected

The Auditor General of Pakistan (AGP) has detected three cases of irregular investment amounting rupees 6335.75 million in the public sector enterprises (PSEs) of Khyber Pakhtunkhwa. According to the report for Audit Year 2014-15, the management of the Hy
Published 14 Aug, 2017 12:00am
Siraj visits house of child killed in rally

Siraj visits house of child killed in rally

Chief of Jamaat-e-Islami Pakistan, Sirajul Haq has slated the callousness of the organisers of the ousted Prime Minister Nawaz Sharif's rally who had left the 12-year old child unattended after he was hit by their car near Gujrat. He was talking to the me
Published 14 Aug, 2017 12:00am
'Fall of over $5 billion in exports damaged economy'

'Fall of over $5 billion in exports damaged economy'

The Businessmen Panel of the FPCCI has said exports have registered a fall of over five billion dollars in the last three years which has pushed the country into a very difficult situation. It said hundreds of industrial units have been closed, many expor
Published 14 Aug, 2017 12:00am
Kulsoom's nomination for NA-120 challenged

Kulsoom's nomination for NA-120 challenged

Nawaz Sharif has been disqualified following the Panama Papers probe unveiling his family's stashed offshore wealth and it seems the disqualification is continuing to haunt the Sharif family as an aftermath. In a latest development, nomination of Kulsoom
Published 14 Aug, 2017 12:00am
150 corruption references filed by NAB in over three years

150 corruption references filed by NAB in over three years

National Accountability Bureau (NAB) during period of more than three years of the present management has filed 150 corruption references in the respective Accountability Courts and received Rs 50 billion from the corrupt people and deposited in the natio
Published 14 Aug, 2017 12:00am
Pakistan still in clutches of British loyalists: Baloch

Pakistan still in clutches of British loyalists: Baloch

Secretary General Jamaat-e-Islami Liaqat Baloch has said that the nation had struggled for the restoration of the judges and it would also fight for the supremacy of the judiciary. He was addressing the participants of the JI central workshop at Mansoora.
Published 14 Aug, 2017 12:00am
'Arz-e-Pakistan' march held on the eve of Independence Day

'Arz-e-Pakistan' march held on the eve of Independence Day

Bargad, in collaboration with the Youth Affairs Department, Government of the Punjab, Chief Minister's Special monitoring Unit (SMU) and Walled City Authority (WCA) Lahore organised the "Arz-e-Pakistan March" as part of a campaign entitled "Ten Days for P
Published 14 Aug, 2017 12:00am
Independence Day: POF chalks out various programmes

Independence Day: POF chalks out various programmes

POF administration has arranged various programmes in order to celebrate Independence Day in Wah Cantt. In this connection Sunday Sir Syed Education Society arranged speech competition on Independence among the students of Sir Syed Education Society at PO
Published 14 Aug, 2017 12:00am
Earthquake jolts Kalat, surroundings

Earthquake jolts Kalat, surroundings

A moderate intensity earthquake jolted different areas of Kalat and surroundings on Sunday but no loss was reported. According to the geological wing of PMD, tremors measuring 3.9 on Richter scale were felt in Kalat and surrounding areas. People rushed ou
Published 14 Aug, 2017 12:00am
PPP KP to celebrate Independence Day in befitting manner

PPP KP to celebrate Independence Day in befitting manner

PPP Khyber Pakhtunkhwa (KP) chapter has decided to celebrate the 70th Independence Day of Pakistan in a befitting manner and has directed all divisional presidents for organising Jashn-e-Azadi functions in their respective divisional headquarters. The pro
Published 14 Aug, 2017 12:00am
National unity essential to uproot terrorism: Ahsan

National unity essential to uproot terrorism: Ahsan

Federal interior minister Ahsan Iqbal said on Sunday that national unity is a must to uproot terrorism from the country and nation can win this war through team work. "The Quetta terrorist attack reminds us that we are in a state of war, which requires in
Published 14 Aug, 2017 12:00am
Ties with US are most important for Pakistan: Aizaz
Exchange

Ties with US are most important for Pakistan: Aizaz

Describing relationship with the United States as one of the most important for Pakistan, Ambassador Aizaz Chaudhry has expressed the hope that the long-standing partnership the two countries enjoy will be further cemented in the years to come. He was spe
Published 14 Aug, 2017 12:00am
Role of youth in restoring peace highlighted

Role of youth in restoring peace highlighted

Speakers on Sunday urged the effective role of youth in peace building during a dialogue "Youth building Peace" organised in connection with International Youth Day 2017 by Inter University Consortium for Promotion of Social Sciences (IUCPSS) at Preston U
Published 14 Aug, 2017 12:00am
Shahbaz condemns Quetta attack

Shahbaz condemns Quetta attack

Punjab Chief Minister Shahbaz Sharif on Sunday has strongly condemned an attack on the vehicle of security forces near Pishin Stop, Quetta. He paid tributes to the citizens and martyred security personnel, also extended his condolences and sympathies to t
Published 14 Aug, 2017 12:00am
CoAS hoists largest national flag at Wagah border

CoAS hoists largest national flag at Wagah border

Chief of Army Staff (CoAS) General Javed Qamar Bajwa hoisted the largest national flag in the history of Pakistan at Wagah Border on the eve of 70th Independence Day. The flag, made entirely in Pakistan, was hoisted on a 400-feet pole at midnight. The siz
Published 14 Aug, 2017 12:00am
Cost audit under the Companies Act, 2017 - II

Cost audit under the Companies Act, 2017 - II

It means that cost audit is no more mandatory unless directed by the commission subject to the recommendation of the regulatory authority supervising the business of relevant sector or any entity of the sector. There is also an element of ambiguity in the
Published 14 Aug, 2017 12:00am
North Korea garment factories humming with...?

North Korea garment factories humming with...?

Chinese textile firms are increasingly using North Korean factories to take advantage of cheaper labour across the border, traders and businesses in the border city of Dandong told Reuters. The clothes made in North Korea are labelled "Made in China" and
Published 14 Aug, 2017 12:00am
The 'Reverse March'

The 'Reverse March'

Nawaz Sharif's journey from Prime Minister's House Islamabad to Lahore after he was disqualified on 28 July by the Supreme Court on the Panama papers case labelled as the 'GT Road March', and facetiously being referred to as the 'Reverse March' (as it is
Published 14 Aug, 2017 12:00am
Enters another 'Muslim League'

Enters another 'Muslim League'

A too-early to a brand-new organisation's electoral campaign would raise some eyebrows, particularly if the latest outfit is yet another Muslim League - "Milli Muslim League" in this case. But the MML, launched at a press conference in Islamabad last Mond
Published 14 Aug, 2017 12:00am
Independence Day

Independence Day

Today, Pakistan marks a special anniversary, its 71st Independence Day, in a very different shape than the one perceived by its founding father, Mohammad Ali Jinnah. His vision for a new Muslim homeland was that of a pluralistic society, equality for all,
Published 14 Aug, 2017 12:00am
Articles 62 and 63: Imran vows to block any 'conspiracy' to abolish

Articles 62 and 63: Imran vows to block any 'conspiracy' to abolish

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Sunday vowed to foil any conspiracy aimed at doing away with the Articles 62 and 63 of the Constitution. Addressing a mammoth rally in Liaquat Bagh in connection with the Independence Day celebrations
Published 14 Aug, 2017 12:00am
Boko Haram gunmen kill four in Nigeria village raid

Boko Haram gunmen kill four in Nigeria village raid

Boko Haram gunmen have killed four people and torched homes in a night-time raid on a village in restive north-eastern Nigeria, local sources said Sunday. The militants stormed Amarwa village, while lies about 20 kilometres (12 miles) from Maiduguri, the
Published 14 Aug, 2017 12:00am
Kenya opposition leader defies pressure to concede defeat

Kenya opposition leader defies pressure to concede defeat

Kenyan opposition leader Raila Odinga on Sunday called for a strike to support his claim to the presidency and accused the ruling party of "spilling the blood of innocent people", despite growing pressure on him to concede election defeat. The election co
Published 14 Aug, 2017 12:00am
PIA hosts first-ever 'In-Flight Jam'

PIA hosts first-ever 'In-Flight Jam'

Pakistan International Airlines celebrated the 70 glorious years of Pakistan on Sunday, with PIA proudly hosting the first-ever "In-Flight Jam" featuring music sensation Momina Mustehsan. A soulful and spirited performance for Independence Day celebration
Published 14 Aug, 2017 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Monday (August 14) on account of Independence Day. Arrangements have, however, been made to bring out the newspaper and Internet edition tomorrow, Tuesday (August 15), as usual.
Published 14 Aug, 2017 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Monday (August 14) on account of Independence Day. Arrangements have, however, been made to bring out the newspaper and Internet edition tomorrow, Tuesday (August 15), as usual.
Published 14 Aug, 2017 12:00am
Qatar rift: Arab bloc won't discriminate against US firms

Qatar rift: Arab bloc won't discriminate against US firms

Four Arab countries that imposed sanctions on Qatar have told the United States that US companies doing business with them would not be punished for also working with Doha, four sources with knowledge of the matter said. Foreign firms have become increasi
Published 14 Aug, 2017 12:00am
Futures spread increased by 144 basis points

Futures spread increased by 144 basis points

The futures spread increased by 144bps to 7.11 percent on the last trading day of outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 26.5 percent to 49.47 million shares. Average daily trading valu
Published 14 Aug, 2017 12:00am
Futures spread increased by 144 basis points

Futures spread increased by 144 basis points

The futures spread increased by 144bps to 7.11 percent on the last trading day of outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 26.5 percent to 49.47 million shares. Average daily trading valu
Published 14 Aug, 2017 12:00am
Bearish trend witnessed
Exchange

Bearish trend witnessed

Pakistan Stock Exchange (PSX) witnessed bearish trend during the outgoing week ended August 11, 2017. The prevailing political uncertainty in the country invited selling from both local and foreign investors and the market remained under pressure througho
Published 14 Aug, 2017 12:00am
Bearish trend witnessed
Exchange

Bearish trend witnessed

Pakistan Stock Exchange (PSX) witnessed bearish trend during the outgoing week ended August 11, 2017. The prevailing political uncertainty in the country invited selling from both local and foreign investors and the market remained under pressure througho
Published 14 Aug, 2017 12:00am
Bearish trend witnessed
Exchange

Bearish trend witnessed

Pakistan Stock Exchange (PSX) witnessed bearish trend during the outgoing week ended August 11, 2017. The prevailing political uncertainty in the country invited selling from both local and foreign investors and the market remained under pressure througho
Published 14 Aug, 2017 12:00am
PTI's response to Nawaz's questions
Exchange

PTI's response to Nawaz's questions

Pakistan Tehreek-e-Insaf (PTI) on Sunday responded to the questions posed by the ousted Prime Minister Nawaz Sharif during his rally from Islamabad via Grand Trunk (GT) road pertaining to his disqualification by Supreme Court in Panama Papers case. Throug
Published 14 Aug, 2017 12:00am
PTI's response to Nawaz's questions
Exchange

PTI's response to Nawaz's questions

Pakistan Tehreek-e-Insaf (PTI) on Sunday responded to the questions posed by the ousted Prime Minister Nawaz Sharif during his rally from Islamabad via Grand Trunk (GT) road pertaining to his disqualification by Supreme Court in Panama Papers case. Throug
Published 14 Aug, 2017 12:00am
Fight against terrorism shall continue: CoAS

Fight against terrorism shall continue: CoAS

General Qamar Javed Bajwa, Chief of Army Staff (CoAS) visited Quetta on Sunday. CoAS attended Namaz-e-Janaza of soldiers who embraced Shahadat in blast last night. Governor Balochistan, CM Balochistan, Federal Minister of Interior, Lieutenant General Aami
Published 14 Aug, 2017 12:00am
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