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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-09-09
China stocks down for the week even as yuan surge lifts mood

China stocks down for the week even as yuan surge lifts mood

China stocks slipped on Friday to snap a three-week winning streak, as defensive consumers stepped back from a rally, although there were signs investors are pumping fresh money into a market buoyed by solid economic growth and a resurgent yuan. The blue-
Published 09 Sep, 2017 12:00am
Banks outperform on ECB talk as euro gains hamper European shares

Banks outperform on ECB talk as euro gains hamper European shares

European shares ended little changed on Friday as the euro's rally dimmed appetite for regional stocks but talk about possible cuts to European Central Bank stimulus boosted banks. The broader pan-European STOXX 600 benchmark edged 0.15 percent higher, wh
Published 09 Sep, 2017 12:00am
Australian shares fall; New Zealand up

Australian shares fall; New Zealand up

Australian shares ended lower on Friday with financials being the biggest drag after the banking regulator spelled out plans for a major investigation into back-to-back scandals at Commonwealth Bank of Australia. The S&P/ASX 200 index fell 0.3 percent, or
Published 09 Sep, 2017 12:00am
Most Southeast Asian stocks end on cautious note

Most Southeast Asian stocks end on cautious note

Most Southeast Asian stock markets ended on a cautious note in lacklustre trade on Friday ahead of the release of China's inflation data on Saturday. The inflation rate in the world's second largest economy is expected to have picked up to 1.6 percent yea
Published 09 Sep, 2017 12:00am
FTSE falls as consumer stocks falter

FTSE falls as consumer stocks falter

A fall in mining stocks put pressure on Britain's top share index on Friday, while British consumer-facing stocks came into sharp focus after pub operator Greene King's shares plunged following a bleak trading update. The blue chip FTSE 100 index ended do
Published 09 Sep, 2017 12:00am
Euro jumps against dollar in Asian trade

Euro jumps against dollar in Asian trade

The euro reached a 2-1/2-year high versus the dollar on Friday, as a policy meeting by the European Central Bank gave bulls cause for short-term optimism and did little to support the beleaguered US currency. ECB President Mario Draghi's remarks that poli
Published 09 Sep, 2017 12:00am
Euro climbs to new 2-1/2 years high in Europe

Euro climbs to new 2-1/2 years high in Europe

The euro climbed to a 2-1/2 year high on Friday after European Central Bank's comments did little to deter market bulls who ramped up bets the single currency remained broadly undervalued against its rivals. A Reuters report that central bank officials we
Published 09 Sep, 2017 12:00am
Early trade in New York: dollar extends weakness

Early trade in New York: dollar extends weakness

The US dollar hit its lowest in more than 2-1/2 years against a basket of major rivals on Friday on reduced expectations for another Federal Reserve rate increase this year, while the euro spiked to multi-year highs in the wake of a European Central Bank
Published 09 Sep, 2017 12:00am
Euro rises past $1.20 on ECB outcome in New York

Euro rises past $1.20 on ECB outcome in New York

The euro jetted past $1.20 and was on course for its biggest daily percentage gain against the US dollar in nearly two weeks on Thursday amid European Central Bank indications a decision on tapering stimulus is likely in October, while the dollar also plu
Published 09 Sep, 2017 12:00am
Yuan extends blistering rally

Yuan extends blistering rally

China's yuan on Friday extended a blistering rally that has let it gain 7.5 percent against the dollar this year, more than erasing the 6.5 percent loss it suffered in 2016. The Chinese currency, coming back into the global spotlight, on Thursday blew pas
Published 09 Sep, 2017 12:00am
Asian currencies rally as greenback flounders

Asian currencies rally as greenback flounders

Asian currencies rallied against the dollar on Friday as investors took weakening of the greenback as a cue to buy into Asian markets, with the Chinese yuan hitting a near 21-month high. The dollar fell to a more than 2-1/2 year low against a basket of cu
Published 09 Sep, 2017 12:00am
Sri Lankan rupee down

Sri Lankan rupee down

The Sri Lankan rupee ended marginally weaker on Friday as importer dollar demand outpaced selling of the US currency by exporters and banks, dealers said. The spot rupee ended at 152.80/85 per dollar, compared with Thursday's close of 152.70/80. "There wa
Published 09 Sep, 2017 12:00am
BoE fear factor and data bounce help sterling

BoE fear factor and data bounce help sterling

Stronger-than-expected manufacturing data and a weaker dollar helped Britain's pound rise above $1.32 for the first time in five weeks on Friday as a wave of selling in the past month ran out of steam. Overall industrial output was in line with forecasts
Published 09 Sep, 2017 12:00am
Aussie, kiwi fly high as greenback falls to earth

Aussie, kiwi fly high as greenback falls to earth

The Australian dollar rocketed past a key barrier at 80 US cents, triggering a wave of stop losses on Friday while its New Zealand cousin soared to a two-week high as fading expectations of a US rate hike sank the greenback. The dollar index slipped 0.6 p
Published 09 Sep, 2017 12:00am
Merkel urges tougher rules to end sky-high transfers

Merkel urges tougher rules to end sky-high transfers

German Chancellor Angela Merkel Friday urged football governing bodies UEFA and FIFA to tighten rules governing transfers and stamp out spiralling record spending on players. "I view the financial developments in professional football as critically as man
Published 09 Sep, 2017 12:00am
Anderson joins 500 club

Anderson joins 500 club

James Anderson became the first England bowler to take 500 Test wickets and just the sixth in history when he dismissed West Indies opener Kraigg Brathwaite on the second day of the third Test at Lord's on Friday. Anderson, who started West Indies' second
Published 09 Sep, 2017 12:00am
Stokes stars with the bat as England lead West Indies

Stokes stars with the bat as England lead West Indies

Ben Stokes followed his Test-best bowling figures with a rapid fifty as England gained a first-innings lead of 71 runs against West Indies in their series decider at Lord's on Friday. England, at tea on a rain-marred second day, had been bowled out for 19
Published 09 Sep, 2017 12:00am
Hassan Ali seeks to bowl out Amla at World XI

Hassan Ali seeks to bowl out Amla at World XI

Pakistani bowling sensation Hassan Ali said Friday he wants to bowl out South Africa's Hashim Amla when he plays an international before a home crowd for the first time at next week's World XI tour in Lahore. Ali, 23, the highest wicket-taker at the Champ
Published 09 Sep, 2017 12:00am
KP Junior Age Group Defence Day Squash Championship begins

KP Junior Age Group Defence Day Squash Championship begins

Khyber Pakhtunkhwa Junior Age Group Defence Day Squash Championship got under way here at PAF Hashim Khan Squash Complex on Friday. Former World Champion Qamar Zaman formally inaugurated the Championship wherein more than 100 players in Under-11, Under-13
Published 09 Sep, 2017 12:00am
Umpires for Independence Cup named

Umpires for Independence Cup named

The Pakistan Cricket Board (PCB) Friday announced names of umpire for next week's Independence Cup, which will be played between Pakistan and the World XI in Lahore. Aleem Dar of the Emirates Elite Panel of ICC Umpires and Ahsan Raza of the Emirates Inter
Published 09 Sep, 2017 12:00am
FIFA open disciplinary proceedings against Alli

FIFA open disciplinary proceedings against Alli

England's Dele Alli could face a suspension after FIFA on Friday confirmed it had opened disciplinary proceedings over the Tottenham Hotspur midfielder's obscene gesture during a World Cup qualifier. Alli stuck his middle finger up during the national sid
Published 09 Sep, 2017 12:00am
World Team Cup with ranking points could start in 2019

World Team Cup with ranking points could start in 2019

The World Team Cup, a men's event offering high prize money and ranking points, could begin as soon as January 2019, sources have said following meetings between tennis stake holders in New York this week. According to two sources familiar with the discus
Published 09 Sep, 2017 12:00am
First Mogadishu night-time football match in decades

First Mogadishu night-time football match in decades

Football fans in Mogadishu were preparing Friday to cheer on their teams in the first night-time match since chaos descended on the Somali capital nearly three decades ago. The tournament for 16- and 18-year-olds at the Konis Stadium, renovated by FIFA, w
Published 09 Sep, 2017 12:00am
Stephens ousts Venus, to face Keys for US Open title

Stephens ousts Venus, to face Keys for US Open title

Americans Sloane Stephens and Madison Keys, both struggling with serious injuries just three months ago, advanced to their first Grand Slam final at the US Open on Thursday. Stephens, who missed 11 months with a left foot injury before returning in July,
Published 09 Sep, 2017 12:00am
Kiev reports first combat death since new truce

Kiev reports first combat death since new truce

Kiev reported Friday the first combat death since Ukraine agreed a new truce with Kremlin-backed rebels in the east of the country ahead of the start of the new school year. "As a result of active hostilities, one Ukrainian soldier was killed over the pas
Published 09 Sep, 2017 12:00am
Macron outlines plan for Europe revival from Athens

Macron outlines plan for Europe revival from Athens

French President Emmanuel Macron sketched a plan to "rebuild" the European Union through wider democracy and public accountability at the start of a two-day visit to Greece on Thursday. Choosing a symbol of ancient Athenian democracy - Pnyx Hill - for his
Published 09 Sep, 2017 12:00am
Germany rejects Polish call for more WWII reparations

Germany rejects Polish call for more WWII reparations

Germany dismissed on Friday Poland's threat to demand new talks over World War II reparations from Berlin, saying the issue had already been settled in 1953. "Poland made a binding decision in August 1953... to relinquish demands for further war reparatio
Published 09 Sep, 2017 12:00am
Italian policemen accused of raping US students

Italian policemen accused of raping US students

Italian police officers are under investigation for the alleged rape of two US students in Florence, media said Friday. The women, aged 19 and 21, were in a nightclub Wednesday night when a fight broke out and the owner called the police. Six officers arr
Published 09 Sep, 2017 12:00am
Saudi-led bloc stays tough on Qatar despite Trump offer

Saudi-led bloc stays tough on Qatar despite Trump offer

A Saudi-led bloc of Arab states hostile to Qatar took aim Friday at Kuwaiti mediation and maintained a tough line even after US President Donald Trump offered to help resolve the crisis. Saudi Arabia led the United Arab Emirates, Egypt and Bahrain in cutt
Published 09 Sep, 2017 12:00am
Hard-headed 'angel' behind YSL dies

Hard-headed 'angel' behind YSL dies

The French fashion tycoon Pierre Berge - the business brains behind the Yves Saint Laurent empire - died on Friday aged 86. Berge, the longtime partner of the late designer Yves Saint Laurent, died in his sleep at his country home at Saint-Remy-de-Provenc
Published 09 Sep, 2017 12:00am
Netanyahu's wife faces possible graft trial
Exchange

Netanyahu's wife faces possible graft trial

The wife of Israeli Prime Minister Benjamin Netanyahu has been formally told that she faces a possible trial over alleged misuse of public funds, the justice ministry said Friday. "The attorney general has informed the counsel of Mrs. Sara Netanyahu, wife
Published 09 Sep, 2017 12:00am
Irma lashes Bahamas and Cuba on a path toward Florida

Irma lashes Bahamas and Cuba on a path toward Florida

Hurricane Irma lashed Cuba and the Bahamas as it drove toward Florida on Friday after hitting the eastern Caribbean with its devastatingly high winds, killing 21 people and leaving catastrophic destruction in its wake. As Irma, one of the most powerful At
Published 09 Sep, 2017 12:00am
Clashes at Jerusalem house after Palestinians evicted

Clashes at Jerusalem house after Palestinians evicted

Clashes broke out on Friday during protests in support of a Palestinian family evicted from their home in occupied east Jerusalem, AFP journalists said. Around 150 Palestinians and leftwing Israeli activists protested the eviction of the Shamasneh family,
Published 09 Sep, 2017 12:00am
US Congress approves hurricane relief, debt ceiling hike

US Congress approves hurricane relief, debt ceiling hike

The US House of Representatives passed a $15 billion hurricane relief package Friday that included raising the debt ceiling and funding government until early December, sending the bill to President Donald Trump. Lawmakers voted 316 to 90 to approve the p
Published 09 Sep, 2017 12:00am
EU commissioner says eurosceptic members 'greater danger' than Brexit

EU commissioner says eurosceptic members 'greater danger' than Brexit

Brussels considers eurosceptic members of the European Union more of a threat to the bloc's cohesion than Britain's leaving, EU commissioner Elzbieta Bienkowska said Friday. "Brexit was a shock to everyone, but now - and I take all responsibility for sayi
Published 09 Sep, 2017 12:00am
Britain, EU will work 'together' on Irish border: Johnson

Britain, EU will work 'together' on Irish border: Johnson

Britain and the EU will work "together" to solve the Irish border issue during Brexit talks, British foreign minister Boris Johnson insisted on Friday, after the bloc's negotiators said it was London's responsibility to find a solution. What becomes of th
Published 09 Sep, 2017 12:00am
Xi asks Macron for French help easing North Korea tensions

Xi asks Macron for French help easing North Korea tensions

Chinese President Xi Jinping called on France to help ease the situation in North Korea during a phone call with French President Emmanuel Macron, state media said Friday, days after Pyongyang's largest ever nuclear test. The conversation came one day aft
Published 09 Sep, 2017 12:00am
China 'tightens' restrictions on religious freedom

China 'tightens' restrictions on religious freedom

China has tightened regulations on religious freedom, intensifying punishments for unsanctioned activities and increasing its supervision of certain groups in a bid to "block extremism" and tackle what it sees as internal threats. The updated rules, relea
Published 09 Sep, 2017 12:00am
Russia claims killing of IS 'minister of war' in Syria

Russia claims killing of IS 'minister of war' in Syria

Russia claimed Friday to have killed several top commanders of the Islamic State group in an air strike in Syria, including the US-trained "minister of war" who has a $3 million bounty on his head. "As a result of a precision air strike of the Russian air
Published 09 Sep, 2017 12:00am
Cotton hits contract high
Cotton

Cotton hits contract high

ICE cotton futures touched a contract high on Friday on concerns that hurricane Irma, now headed towards Florida, could hurt the natural fiber crops in Georgia and South Carolina. Cotton contracts for December settled up 0.32 cent, or 0.43 percent, at 74.
Published 09 Sep, 2017 12:00am
Shanghai metals fall
Exchange

Shanghai metals fall

Shanghai Futures Exchange copper fell 2.5 percent to 51,740 yuan ($8,023) a tonne on Friday. Other Shanghai metals also soured, with nickel down 3 pct, aluminium losing 2.8 percent and zinc falling 2 percent after slow and steady Chinese and global manufa
Published 09 Sep, 2017 12:00am
Copper slides on profit-taking
Exchange

Copper slides on profit-taking

Copper slumped on Friday on profit-taking as analysts said a 20 percent price surge since June was not justified given China's copper imports had only been stable for the past four months. Benchmark copper on the London Metal Exchange closed down 3 percen
Published 09 Sep, 2017 12:00am
US oil slides three percent as Irma threatens demand

US oil slides three percent as Irma threatens demand

US crude prices tumbled down more than 3 percent on Friday worries that energy demand would be hit hard as Hurricane Irma, one of the most powerful storms in a century, headed toward Florida and the Southeast. Irma, the second major hurricane to approach
Published 09 Sep, 2017 12:00am
Rubber drops
Exchange

Rubber drops

Benchmark Tokyo rubber futures fell on Friday, moving away from a three-month high hit earlier this week, as investors unwound long positions after a plunge in Shanghai futures and a jump in the yen, but managed to post a weekly gain of 3.5 percent. The T
Published 09 Sep, 2017 12:00am
Palm oil drops on profit-booking
Exchange

Palm oil drops on profit-booking

Malaysian palm oil futures fell on Friday as traders took profits from an intra-day high that almost touched the 6-1/2-month high hit in the previous session. A strengthening ringgit and softer soyaoil have also dragged on the tropical oil.
Published 09 Sep, 2017 12:00am
Raw sugar up on weak dollar, weather in Brazil

Raw sugar up on weak dollar, weather in Brazil

Raw sugar futures on ICE settled higher on Friday, boosted by a weak dollar and dryer-than-normal weather in Brazil. Coffee and cocoa prices also rose. October raw sugar settled up 0.06 cent, or 0.4 percent, at 14.09 cents per lb, 2.5 percent higher on th
Published 09 Sep, 2017 12:00am
Gold rises to one-year high in New York

Gold rises to one-year high in New York

Gold prices rose to a one-year peak on Thursday after the dollar tumbled on the back of weak US jobs data and an unchanged growth and inflation outlook from the European Central Bank. The dollar index, which measures the greenback against a basket of six
Published 09 Sep, 2017 12:00am
Gold climbs in Asia

Gold climbs in Asia

Gold hit its highest in over a year on Friday as the dollar sagged after weaker-than-expected US jobs data and as festering tensions over North Korea stoked safe-haven demand. Spot gold was up 0.4 percent at $1,352.91, as of 0723 GMT. Earlier in the sessi
Published 09 Sep, 2017 12:00am
Gold hits highest in a year in Europe

Gold hits highest in a year in Europe

Gold held near its highest in more than a year on Friday as weak economic data lowered expectations of a December interest rate rise in the United States. The dollar plunged to its weakest since early 2015 and US bond yields held near 10-month lows, with
Published 09 Sep, 2017 12:00am
Bargain buying boosts corn, wheat

Bargain buying boosts corn, wheat

US corn and wheat futures firmed on Friday, supported by a round of end-of-week bargain buying after posting sharp declines on Thursday, traders said. Soyabeans also were higher, underpinned by strong export demand. All three commodities were on track for
Published 09 Sep, 2017 12:00am
Gold steadies near one-year high

Gold steadies near one-year high

Gold held near its highest in more than a year on Friday as the US dollar dropped and weak economic data lowered expectations of a December interest rate rise in the United States. The US dollar hit a more than 2-1/2-year low against a basket of major riv
Published 09 Sep, 2017 12:00am
MoF refutes allegations levelled by PTI leaders
Exchange

MoF refutes allegations levelled by PTI leaders

PTI leaders on Thursday criticised the economic performance of the Government of Pakistan in a press conference. The Ministry of Finance responds to the undue criticism as follows: The PTI leaders instead of taking a holistic view of the economy, presente
Published 09 Sep, 2017 12:00am
CoAS confirms death sentences of four convicts

CoAS confirms death sentences of four convicts

Chief of the Army Staff General Qamar Javed Bajwa on Friday signed the death sentence of four convicted terrorists, said the Inter-Services Public Relations (ISPR). The terrorists were trialled and sentenced by the military courts. The four terrorists wer
Published 09 Sep, 2017 12:00am
Senate body voices concern over substandard food items

Senate body voices concern over substandard food items

Majority of the food items including milk, tea whitener, powdered milk and water in the country are substandard and some of them even contain chemicals extremely dangerous for health, hence resulting in increasing number of diseases. This was observed dur
Published 09 Sep, 2017 12:00am
Muqam asks SNGPL to timely complete gas projects in KP

Muqam asks SNGPL to timely complete gas projects in KP

Advisor to Prime Minister and Provincial President PML-N Amir Muqam on Friday directed Sui Northern Gas Pipelines Limited (SNGPL) to timely complete all ongoing development projects in Khyber Pakhtunkhwa. Presiding over a meeting of SNGPL at SNGPL Headqua
Published 09 Sep, 2017 12:00am
ECP announces schedule for NA-4 by-poll

ECP announces schedule for NA-4 by-poll

The Election Commission of Pakistan (ECP) on Friday issued schedule for by-poll in NA-4, asking returning officer to issue public notices on September 14 while the election would be held on October 10. The constituency has fallen vacant after Pakistan Teh
Published 09 Sep, 2017 12:00am
Pakistan Post formulates reform agenda to become profitable entity

Pakistan Post formulates reform agenda to become profitable entity

Pakistan Post formulated a comprehensive package of reform initiatives to improve delivery of services, embrace digital financial technologies, regain market share and turn Pakistan Post into a self-sustaining public sector entity. The reform agenda, cons
Published 09 Sep, 2017 12:00am
Pakistan pavilion bags second award at Astana Expo on future energy

Pakistan pavilion bags second award at Astana Expo on future energy

The energy experts and the artists from Pakistan brought laurels to the country in Astana Expo 2017 as US-based Magazine conferred second award on Pakistan Pavilion for impressively exhibiting country's green energy models and the culture. The Exhibitors
Published 09 Sep, 2017 12:00am
International educational moot planned for November
Exchange

International educational moot planned for November

Two-day International Educational Conference will be held in Lahore on 8th and 9th of November this year. This conference would be attended by renowned educational experts and representatives of development agencies from across the globe. On the occasion,
Published 09 Sep, 2017 12:00am
KP to enroll 0.9 million children on World Literacy Day

KP to enroll 0.9 million children on World Literacy Day

To observe World Literacy Day, the government of Khyber Pakhtunkhwa on Friday launched a drive to enroll around 0.9 million children in schools. Teachers and local government members would participate in this drive that was properly launched by Speaker pr
Published 09 Sep, 2017 12:00am
Demonstrations against massacre of Rohingya Muslims held in KP

Demonstrations against massacre of Rohingya Muslims held in KP

Like other parts of country, activists of religious parties, civil society, trade bodies and human rights organizations took out rallies and held protest demonstrations against the genocide of Rohingya Muslims in Myanmar in different parts of Khyber Pakht
Published 09 Sep, 2017 12:00am
Khattak urges officials to expedite work on hydro power projects

Khattak urges officials to expedite work on hydro power projects

Chief Minister of Khyber Pakhtunkhwa Pervez Khattak has directed early completion of hydro projects and to hand over the completed micro hydel projects to the respective communities. He was presiding over the 5th stock take meeting at Chief Minister Secre
Published 09 Sep, 2017 12:00am
Two mutilated bodies found in Mastung

Two mutilated bodies found in Mastung

The security forces recovered mutilated bodies of two unidentified persons here on Friday. According to details, the security forces on a tipoff launched search operation in Kabu area of district Mastung. During operation, the security personnel recovered
Published 09 Sep, 2017 12:00am
Malala calls for protecting Rohingya Muslims

Malala calls for protecting Rohingya Muslims

Nobel Peace Prize winner Malala Yousafzai says the "global community" needs to intervene to protect Myanmar's Muslim minority. She urged Myanmar's leader Aung San Suu Kyi to speak up for the Rohingya. "We can't be silent right now. The number of people wh
Published 09 Sep, 2017 12:00am
ABAF 2017 to feature top speakers from 10 countries next month

ABAF 2017 to feature top speakers from 10 countries next month

Next month's Asian Business Angel Forum (ABAF) 2017 will feature prominent international speakers from Silicon Valley (USA), Australia, the UK, Hong Kong, China, Korea, Israel, India, Malaysia, Singapore, Pakistan and Bangladesh. Sri Lanka won the chance
Published 09 Sep, 2017 12:00am
Around 340 more dengue cases reported across KP

Around 340 more dengue cases reported across KP

The dengue virus is continued to wreck havoc in Khyber Pakhtunkhwa, as 340 new cases were reported across the province on Friday. Daily report of Dengue Response Unit of the provincial Health Department, issued here, stated that test of total 1918 dengue
Published 09 Sep, 2017 12:00am
Lobbying to deprive KP of Aptma's top slot under way
Cotton

Lobbying to deprive KP of Aptma's top slot under way

A strong lobby in All Pakistan Textile Mills (APTMA) is out to manipulate the election 2017-18 of the association and deprive KP Region of its turn for the top slot of the body. The APTMA KP Region has fielded Ahmad Kuli Khan Khattak of Bibojee Group of C
Published 09 Sep, 2017 12:00am
AKHS-P, GB government ink memos to strengthen health services

AKHS-P, GB government ink memos to strengthen health services

Aga Khan Health Service, Pakistan (AKHS-P) and the Gilgit-Baltistan Health Department recently signed two MoUs for strengthening health services for over 400,000 people in the Gilgit-Baltistan (GB) region. The MoUs were signed by Dr Rasheed Ahmad and Dr M
Published 09 Sep, 2017 12:00am
PPDWP okays Rs 6.5 billion for expansion of schools

PPDWP okays Rs 6.5 billion for expansion of schools

The Punjab Provincial Development Working Party (PPDWP) has approved Rs 6.5 billion on Friday to provide additional class rooms in schools of comparatively less developed areas of the province. P&D spokesman told Business Recorder that Rs 4.14 bill
Published 09 Sep, 2017 12:00am
LCCI, UET sign accord for economic uplift

LCCI, UET sign accord for economic uplift

The Lahore Chamber of Commerce and Industry Friday inked a memorandum of understanding (MoU) with University of Engineering & Technology (UET) to work together for the economic development of the country. LCCI President Abdul Basit and Vice Chancellor, UE
Published 09 Sep, 2017 12:00am
Need to explore international market for exporting furniture stressed

Need to explore international market for exporting furniture stressed

Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq said on Friday that there is an exigent need to chalk out a comprehensive strategy to explore international market for boosting our Pak-made world class furniture. Chairing a meeting with
Published 09 Sep, 2017 12:00am
Business community urges government to revisit its policy with US

Business community urges government to revisit its policy with US

Vice President SAARC CCI and Founder Chairman Pak-US Business Council Iftikhar Ali Malik on Friday urged the government to revisit its policy with the world especially the United States and prefer trade and investment rather than banking on aid for streng
Published 09 Sep, 2017 12:00am
FESCO BoD meeting held

FESCO BoD meeting held

A meeting of Faisalabad Electric Supply Company (FESCO) Board of Directors (BOD) held here at FESCO Headquarters under the chair of Chairman Board Khurram Mukhtar. The meeting was also attended by Chief Executive Officer (CEO) FESCO Mujahid Islam Billah,
Published 09 Sep, 2017 12:00am
'Kulsoom will return after by-polls in NA-120'

'Kulsoom will return after by-polls in NA-120'

Kulsoom Nawaz will return to Pakistan after the by-polls in NA-120, said party sources. Talking to Business Recorder, the party sources said Kulsoom would not return to Pakistan because of her treatment in the UK. They said the Sharif family was al
Published 09 Sep, 2017 12:00am
PFA seals fake ketchup factory in Jhang

PFA seals fake ketchup factory in Jhang

PFA team lead by DG PFA raided and sealed a fake ketchup factory in Jhang. According to PFA Spokesperson, factory functioning in Mandi Mor of Jhang was sealed and six thousand kg fatal ketchup was recovered and discarded. Starch and chemical were being us
Published 09 Sep, 2017 12:00am
SCCI chief for identifying new markets

SCCI chief for identifying new markets

President Sialkot Chamber of Commerce and Industry (SCCI) Majid Raza Bhutta has urged the government to take drastic steps to streamline existing markets and identify new potential markets for Made in Pakistan products. Talking to Business Recorder </i
Published 09 Sep, 2017 12:00am
Rallies held to denounce genocide of Rohingya Muslims

Rallies held to denounce genocide of Rohingya Muslims

Various religious, humanitarian and political organizations took out rallies on Friday to express solidarity with Rohingya Muslims and condemn silence of international community about the Burmese army's brutalities, mass killings and forced migration of M
Published 09 Sep, 2017 12:00am
CAP slams non-payment of dues

CAP slams non-payment of dues

Constructors Association of Pakistan (CAP) has expressed its serious concerns over delay in release of funds to the contractors of different ongoing development projects in the province. In a statement issued here Friday, CAP Vice Chairman (Punjab) Imran
Published 09 Sep, 2017 12:00am
Eight food outlets sealed

Eight food outlets sealed

Punjab Food Authority (PFA) is continuing its crusade against adulterated and substandard food items across the province under the supervision of DG Noor-Ul-Ameen Mengal. Field teams of the Authority checked 317 food points on Friday and sealed 8 out of t
Published 09 Sep, 2017 12:00am
Book on 'Emerging Dynamics of Management' launched

Book on 'Emerging Dynamics of Management' launched

Emerging Dynamics of Management becomes the newest forerunner of contemporary Pakistani literature on the subject of modern day management. The launching ceremony of the book was held at a local hotel in Karachi. Written by Sirajuddin Aziz, a senior Pakis
Published 09 Sep, 2017 12:00am
Rallies against massacre of Rohingya Muslims held in Hyderabad

Rallies against massacre of Rohingya Muslims held in Hyderabad

Hyderabad Press Club (HPC) was the hub of the major rallies where activists of various political and religious organisations gathered after marching through various roads of Hyderabad, Latifabad and Qasimabad to stage protest demonstrations condemning the
Published 09 Sep, 2017 12:00am
KMC, Indus Hospital sign MoU for launching drive against rabies, TB

KMC, Indus Hospital sign MoU for launching drive against rabies, TB

The growing complaints of rabies - a fatal disease caused by stray dog bite, prompted Karachi Metropolitan Corporation (KMC) and Indus Hospital to reach an understanding for the joint anti-rabies campaign in this provincial capital city. In this regard, K
Published 09 Sep, 2017 12:00am
LHC suspends appointment of Nadra's deputy chairman

LHC suspends appointment of Nadra's deputy chairman

The Lahore High Court on Friday suspended appointment of Muzaffar Shah as deputy chairman of National Database and Registration Authority and restrained him from taking part in the board's meetings. Nadra Chairman Usman Yousaf appeared before the court an
Published 09 Sep, 2017 12:00am
Alleged robber killed in encounter

Alleged robber killed in encounter

A suspect was killed in an alleged police encounter on Friday, during which a policeman injured; three other people were injured in separate incidents of violence in Karachi. According to the police and rescue workers, the man, described as a robber, was
Published 09 Sep, 2017 12:00am
Pakistan facing diverse problems today, says Shahbaz

Pakistan facing diverse problems today, says Shahbaz

Punjab Chief Minister Shahbaz Sharif has said Pakistan is facing diverse problems today and these issues are created by us. "We need to help wriggle the country out of quagmire of problems so that it could move on the road to progress by employing collect
Published 09 Sep, 2017 12:00am
LCCI polls: Progressive Group begins door-to-door campaign

LCCI polls: Progressive Group begins door-to-door campaign

Progressive Group, a representative group of traders and industrialists, has launched door to door campaign to muster vote and support for its candidate in the forthcoming elections of the Lahore Chamber of Commerce & Industry (LCCI). A spokesman of the g
Published 09 Sep, 2017 12:00am
Workshop on inventory of initial and new POPs held

Workshop on inventory of initial and new POPs held

National Workshop on Inventory of Initial and New Persistent Organic Pollutants (POPs) organised by Ministry of Climate Change with the collaboration of United Nations Environment Program in Karachi at a local hotel. Objective of this workshop was to revi
Published 09 Sep, 2017 12:00am
Global moot on 'Resilient Hindu Kush Himalaya' in December

Global moot on 'Resilient Hindu Kush Himalaya' in December

The International Centre for Integrated Mountain Development (ICIMOD) jointly with Nepal's Ministry of Population and Environment, European Union, is hosting an international conference titled "Resilient Hindu Kush Himalaya: developing solutions towards a
Published 09 Sep, 2017 12:00am
'All of Pakistan's top challenges captured in 17 UN SDGs'
Exchange

'All of Pakistan's top challenges captured in 17 UN SDGs'

It is said that Karachi is home to the country's top multinational companies. It has some of the top universities in engineering, medicine and business management. It also has a vibrant financial services sector as well as South Asia's top performing stoc
Published 09 Sep, 2017 12:00am
Saaf Pani Company: LHC directs inquiry into Rs seven billion scam

Saaf Pani Company: LHC directs inquiry into Rs seven billion scam

The Lahore High Court on Friday directed Director General Anti-Corruption to hold an inquiry into alleged scam of Rs 7 billion and sought report about the budget and expenditures of Punjab 'SAAF PANI' Company by 28 September. The court observed that the n
Published 09 Sep, 2017 12:00am
Panama Papers case used to target Sharif family: Daniyal

Panama Papers case used to target Sharif family: Daniyal

Privatisation Minister Daniyal Aziz on Friday termed Volume X of joint investigation team (JIT) as a baseless propaganda. Speaking at a press conference, he affirmed that the Sharif family was trapped in the Panama Papers case as there is no document or a
Published 09 Sep, 2017 12:00am
Dar, ADB chief discuss development projects

Dar, ADB chief discuss development projects

Senator Ishaq Dar, Minister for Finance, Revenue and Economic Affairs held a meeting with Takehiko Nakao, President Asian Development Bank (ADB) here. Various matters related to ADB financed development projects in different sectors came under discussion.
Published 09 Sep, 2017 12:00am
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