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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-09-13
Tuesday's early afternoon trade: stocks higher as financials gain

Tuesday's early afternoon trade: stocks higher as financials gain

US stocks were higher in early afternoon trading on Tuesday, with the S&P 500 hitting a record intraday high led by gains in financial stocks, and investors focused on an Apple event where the company is set to launch its new iPhone. Concerns around the s
Published 13 Sep, 2017 12:00am
S&P 500 chalks up record high as fear gives way
Exchange

S&P 500 chalks up record high as fear gives way

The S&P 500 surged over 1 percent to a record high close on Monday as tropical storm Irma caused less damage than expected in Florida, and after North Korea did not test-fire missiles over the weekend, which some had feared. All 11 major S&P 500 sectors r
Published 13 Sep, 2017 12:00am
Treasury yields climb to one-week high

Treasury yields climb to one-week high

US Treasury yields rose on Monday after a quiet weekend unmarred by expectations of negative news about North Korea that had pushed risk appetite higher, and a lackluster three-year note auction also pressured bond prices. US long-dated and short-end yiel
Published 13 Sep, 2017 12:00am
Treasury yields climb to one-week high

Treasury yields climb to one-week high

US Treasury yields rose on Monday after a quiet weekend unmarred by expectations of negative news about North Korea that had pushed risk appetite higher, and a lackluster three-year note auction also pressured bond prices. US long-dated and short-end yiel
Published 13 Sep, 2017 12:00am
Indian shares rise

Indian shares rise

Indian shares rose for a fourth straight session on Tuesday, led by gains in Tata Steel Ltd and Bank of Baroda Ltd, with investors keeping an eye out for inflation data due later in the day. India's retail inflation is expected to have picked up to a five
Published 13 Sep, 2017 12:00am
China stock indexes move higher

China stock indexes move higher

China stocks edged higher on Tuesday, though gains rooted in consumer and financial firms were pared as shares of new energy auto firms succumbed to profit-taking late in the session. The blue-chip CSI300 index rose 0.3 percent, to 3,837.93 points, while
Published 13 Sep, 2017 12:00am
European shares end at five-week high as relief bounce continues

European shares end at five-week high as relief bounce continues

European shares rose to a five-week high on Tuesday, extending the relief bounce seen in the previous session as worries about Hurricane Irma and North Korea's nuclear standoff eased. All major trading centres and most sectors ended in positive territory
Published 13 Sep, 2017 12:00am
Sri Lankan shares marginally higher

Sri Lankan shares marginally higher

Sri Lankan shares ended with modest gains on Tuesday as local investors picked up beverage and trading shares, while block deals boosted the turnover to more than a two-month high. The Colombo stock index ended 0.08 percent firmer at 6,377.38. The Colombo
Published 13 Sep, 2017 12:00am
Australian shares scale three-week high; New Zealand down

Australian shares scale three-week high; New Zealand down

Australian shares rose to a three-week high on Tuesday, lifted by financial and material sectors, as they benefited from Wall Street's strength after Hurricane Irma was downgraded to a tropical storm and caused less damage than initially feared. Investors
Published 13 Sep, 2017 12:00am
FTSE dips as sterling rises, housebuilders suffer

FTSE dips as sterling rises, housebuilders suffer

Shares on Britain's major market index softened on Tuesday as housebuilders weighed on benchmark gains and rising inflation boosted the pound. The FTSE 100 ended the session 0.2 percent lower at 7,400.69 points after stronger-than-expected inflation figur
Published 13 Sep, 2017 12:00am
Dollar clings to most of its gains in Asia

Dollar clings to most of its gains in Asia

The dollar held on to most of its gains on Tuesday, following a sharp rebound on improving investor risk sentiment as worries over North Korea and Hurricane Irma receded. The dollar index, which tracks the greenback against a basket of six major rivals, w
Published 13 Sep, 2017 12:00am
Short-covering pushes dollar up in Europe

Short-covering pushes dollar up in Europe

The dollar rose on Tuesday as investors further unwound bearish bets against it following a bounce in Treasury yields and ahead of US inflation data flagged as the next risk event for the market. "The US inflation data is a big risk for the markets and gi
Published 13 Sep, 2017 12:00am
Dollar recover in New York as Irma, North Korea worries ebb
Exchange

Dollar recover in New York as Irma, North Korea worries ebb

The dollar rose on Monday, spurred by relief that Hurricane Irma weakened to a tropical storm and North Korea did not conduct a nuclear test over the weekend as feared. The dollar index, which tracks the greenback against a basket of six major currencies,
Published 13 Sep, 2017 12:00am
Sri Lankan rupee flat

Sri Lankan rupee flat

The Sri Lankan rupee ended steady on Tuesday as selling of the US dollar by exporters offset demand for the greenback from importers in a dull day of trade, dealers said. The spot rupee traded between 152.83 and 152.88 during the day before ending flat at
Published 13 Sep, 2017 12:00am
Most Asian currencies weaken after dollar rebound; won gains

Most Asian currencies weaken after dollar rebound; won gains

Most Asian currencies weakened on Tuesday as the US dollar strengthened for a second day as Hurricane Irma proved not as destructive as first feared and anxiety over North Korean weapons tests receded. The dollar held on to gains after Hurricane Irma was
Published 13 Sep, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 80.70-80.70 (previous 80.70-80.70).
Published 13 Sep, 2017 12:00am
Sterling climbs to one-year high

Sterling climbs to one-year high

Sterling surged by almost 1 percent on Tuesday to its highest level in a year against the dollar, after a report showed UK inflation rose to match its highest in more than five years, adding pressure on the Bank of England to do more to support the curren
Published 13 Sep, 2017 12:00am
Aussie, kiwi fall

Aussie, kiwi fall

The Australian and New Zealand dollars fell on Tuesday as their US peer staged a broad rebound on improving risk sentiment after Hurricane Irma was downgraded without causing as much damage as feared. The Australian dollar slipped 0.29 percent to $0.8006
Published 13 Sep, 2017 12:00am
Olympic chief defends handling of corruption case

Olympic chief defends handling of corruption case

International Olympic Committee President Thomas Bach defended his organisation's handling of corruption allegations on Monday, insisting the movement could never make itself immune from scandal. The IOC, which is gathering in Lima to award the 2024 and 2
Published 13 Sep, 2017 12:00am
Shanghai SIPG into AFC semis on dramatic night

Shanghai SIPG into AFC semis on dramatic night

Shanghai SIPG survived an almighty scare to sneak into the semi-finals of the AFC Champions League 5-4 on penalties and break Guangzhou Evergrande hearts on Tuesday. Midfielder Yu Hai was the hero for Andre Villas-Boas's side, holding his nerve to bury th
Published 13 Sep, 2017 12:00am
English clubs to stream games under new deal

English clubs to stream games under new deal

English Football League clubs will be able to stream games on their own websites under a new five-year deal signed with broadcaster Sky Sports, league chiefs announced on Tuesday. The EFL - which covers the three tiers below the Premier League - said it w
Published 13 Sep, 2017 12:00am
Mutko says WADA shares blame for Russian doping violations

Mutko says WADA shares blame for Russian doping violations

Russian Deputy Prime Minister Vitaly Mutko on Tuesday pinned some of the blame for the country's mass doping violations on the World Anti-Doping Agency (WADA) and insisted it was time to turn the page. Mutko said the appointment of Grigory Rodchenkov, who
Published 13 Sep, 2017 12:00am
Pakistan beat World XI by 20 runs

Pakistan beat World XI by 20 runs

Pakistan beat the World XI by 20 runs in an exciting finish to the first Twenty20 match in Lahore on Tuesday, celebrating the return of international cricket to the country amid tight security. It is only the second time Pakistan has hosted an internation
Published 13 Sep, 2017 12:00am
Noor, Hammad in KP Junior Defence Day Squash final

Noor, Hammad in KP Junior Defence Day Squash final

Top seed Noor Zaman and Hammad Ahmad will clash in the final of the ongoing Khyber Pakhtunkhwa Defence Day Squash Championship being played here at PAF Hashim Khan Squash Complex on Tuesday. Noor Zaman handed an up settling 3-1 defeat to promising Khushal
Published 13 Sep, 2017 12:00am
Stoinis stars in Australia's big warm-up win

Stoinis stars in Australia's big warm-up win

Marcus Stoinis hit an attacking half-century to help Australia beat the Indian Board President's XI by 103 runs in their only 50-over warm-up match on Tuesday. There were four half-centuries for the visitors including Stoinis' 60-ball 76, enabling them to
Published 13 Sep, 2017 12:00am
Japan's Date bows out in tears after 'double bagel'

Japan's Date bows out in tears after 'double bagel'

Japan's Kimiko Date, the grande dame of women's tennis, bowed out of the sport after being thrashed 6-0, 6-0 by Aleksandra Krunic at the Japan Women's Open on Tuesday. The former world number four, who turns 47 later this month, was simply no match for a
Published 13 Sep, 2017 12:00am
West Indies look to recalled Gayle for ODI inspiration

West Indies look to recalled Gayle for ODI inspiration

The recall of Chris Gayle to the West Indies ODI squad, for the first time since the 2015 World Cup, has dominated the countdown to the upcoming five-match series against England. But Gayle - one of the biggest draws in the game - is likely to make his fi
Published 13 Sep, 2017 12:00am
South Africa accept World Cup replay order

South Africa accept World Cup replay order

South Africa said Tuesday they accepted a FIFA order to replay a 2018 World Cup qualifier against Senegal that was manipulated by a Ghanaian referee. "Following extra information from FIFA, we resolved on moral and ethical grounds that we cannot benefit f
Published 13 Sep, 2017 12:00am
Aussies will have advantage in India, says Clarke

Aussies will have advantage in India, says Clarke

Former skipper Michael Clarke said Tuesday the Australians would likely upstage hosts India in the upcoming one-day series thanks to their stints with the Indian Premier League. The Steve Smith-led side, which lost the Test series 2-1 to India earlier thi
Published 13 Sep, 2017 12:00am
Bittersweet election victory for Norway PM

Bittersweet election victory for Norway PM

After clinching a narrow victory in Norway's legislative elections, Prime Minister Erna Solberg will start out with a fragile second mandate, given her weaker majority and less conciliatory allies. "You can never be confident that you will survive for fou
Published 13 Sep, 2017 12:00am
German court drops case against Auschwitz medic

German court drops case against Auschwitz medic

A German court on Tuesday said it had dropped a case against a 96-year-old former medical orderly at the Auschwitz death camp because he suffers from dementia, ending one of the last high-profile Nazi prosecutions. Wheelchair-bound Hubert Zafke had faced
Published 13 Sep, 2017 12:00am
At least four dead as storm hits Philippines

At least four dead as storm hits Philippines

At least four people died and six were missing after a major storm caused flooding in and around Manila on Tuesday, forcing schools, government offices and businesses to shut down. A 12-year-old girl who drowned in a rain-swollen river in a Manila suburb
Published 13 Sep, 2017 12:00am
Iraq MPs vote against Kurdish independence referendum

Iraq MPs vote against Kurdish independence referendum

Iraq's parliament's on Tuesday voted against plans by Kurdish leaders to hold an independence referendum just two weeks before it was to be held, echoing regional criticism of the poll. The non-binding referendum planned for September 25 has faced strong
Published 13 Sep, 2017 12:00am
Qatar, neighbours trade barbs at Arab League over boycott
Exchange

Qatar, neighbours trade barbs at Arab League over boycott

Diplomats from Qatar and the four states boycotting it exchanged heated words at an Arab League meeting on Tuesday. Tensions flared after Qatar's Minister of State for Foreign Affairs Sultan bin Saad al-Muraikhi discussed the boycott in his opening speech
Published 13 Sep, 2017 12:00am
Britain 'committed' to European security despite Brexit

Britain 'committed' to European security despite Brexit

The British government said Tuesday that it would continue its close cooperation with the European Union on security, months after suggesting security could be used as a bargaining chip in Brexit negotiations. "What the UK is offering will be unprecedente
Published 13 Sep, 2017 12:00am
Hezbollah declares Syria victory

Hezbollah declares Syria victory

The Lebanese Shia group Hezbollah has declared victory in the Syrian war while Russia said government forces had driven militants from much of the country where President Bashar al-Assad's rule seemed in danger two years ago. The comments from two Syrian
Published 13 Sep, 2017 12:00am
Turkey signs landmark Russian weapons deal

Turkey signs landmark Russian weapons deal

Turkey has signed a deal for its first major weapons purchase from Moscow to buy S-400 missile defence systems, both sides announced Tuesday, in an accord that could trouble Ankara's Nato allies. The purchase of the surface-to-air missile defence batterie
Published 13 Sep, 2017 12:00am
UN unanimously backs new sanctions on North Korea

UN unanimously backs new sanctions on North Korea

The UN Security Council unanimously imposed new sanctions on North Korea, banning textile exports and restricting shipments of oil products to punish Pyongyang for its sixth and largest nuclear test. The resolution, passed after Washington toned down its
Published 13 Sep, 2017 12:00am
New York cotton falls over three percent
Cotton

New York cotton falls over three percent

ICE cotton futures fell more than three percent on Monday on profit taking ahead of a monthly crop supply and demand report from the US government which is expected to show a large natural fibre crop. Market participants expected a big crop in Tuesday's W
Published 13 Sep, 2017 12:00am
Chinese metals soar
Exchange

Chinese metals soar

Aluminium led Chinese metals futures higher on Tuesday amid a wave of bargain hunters buying up contracts on recent price dips as financial markets responded positively to easing of Hurricane Irma. The most-traded aluminium contract on the Shanghai Future
Published 13 Sep, 2017 12:00am
Copper slides as funds sell and inventories rise
Exchange

Copper slides as funds sell and inventories rise

Copper prices slid on Tuesday as funds cut bets on higher prices, inventories in London Metal Exchange warehouses jumped and the dollar steadied at higher levels. Benchmark copper on the LME ended down 1.2 percent at $6,668 a tonne, after hitting a three-
Published 13 Sep, 2017 12:00am
Oil up as Opec output falls, hurricane impact seen as 'negligible'

Oil up as Opec output falls, hurricane impact seen as 'negligible'

Oil prices rose on Tuesday after Opec forecast higher demand in 2018 and Russia and Venezuela confirmed their commitment to a production-cutting deal in an effort to reduce the global crude glut. In its monthly report, the Organization of the Petroleum Ex
Published 13 Sep, 2017 12:00am
Rubber up
Exchange

Rubber up

Benchmark Tokyo rubber futures edged higher on Tuesday as the dollar held on to most of the gains, following a rebound on improving risk sentiment as worries over North Korea and Hurricane Irma eased. The Tokyo Commodity Exchange rubber contract for Febru
Published 13 Sep, 2017 12:00am
Palm oil jumps ahead of USDA report
Exchange

Palm oil jumps ahead of USDA report

Malaysian palm oil futures rebounded on Tuesday after initial profit taking to record a second straight session of gains, as the market anticipated positive data from the United States Department of Agriculture (USDA). The benchmark palm oil contract for
Published 13 Sep, 2017 12:00am
White sugar slips as supply glut looms, buyers retreat

White sugar slips as supply glut looms, buyers retreat

White sugar futures fell on Tuesday, with the spot premium over raw sugar slipping to its lowest in more than 2-1/2 years on signs of ample global supply ahead, while arabica coffee climbed as charts improved. October white sugar was down $7.40, or 2 perc
Published 13 Sep, 2017 12:00am
Gold down in New York

Gold down in New York

Gold prices fell more than 1 percent on Monday from the previous session's 13-month high as relief that North Korea did not conduct a missile test over the weekend helped to lift global stocks, the US dollar and bond yields. Demand for safer assets, inclu
Published 13 Sep, 2017 12:00am
Gold eases in Asia

Gold eases in Asia

Gold prices hit their lowest in over a week on Tuesday, as a lull in geopolitical tensions spurred a pick-up in investor appetite for riskier assets such as equities. Spot gold dipped 0.1 percent to $1,325.11 an ounce by 0615 GMT, after earlier touching i
Published 13 Sep, 2017 12:00am
Gold slips in Europe
Exchange

Gold slips in Europe

Gold fell to its lowest in more than a week on Tuesday as easing concerns over North Korea's nuclear ambitions and the impact of Hurricane Irma tempered demand for the metal as a haven from risk while the dollar strengthened. World equities hit record hig
Published 13 Sep, 2017 12:00am
Corn down

Corn down

Chicago corn futures fell nearly 3 percent on Tuesday, the biggest drop for a most-active corn contract in a month, after the US Department of Agriculture raised its 2017 corn yield forecast, bucking most trade expectations for a reduction.
Published 13 Sep, 2017 12:00am
US MIDDAY: gold turns up
Exchange

US MIDDAY: gold turns up

Gold bounced up from the lowest level in more than a week on Tuesday as the dollar pared gains and US President Donald Trump said UN sanctions on North Korea are "nothing compared to what ultimately will have to happen." Spot gold hit its lowest since Sep
Published 13 Sep, 2017 12:00am
PM for promptly completion of projects

PM for promptly completion of projects

Prime Minister Shahid Khaqan Abbasi has urged ruling party's parliamentarians to ensure timely completion of public welfare projects and schemes to fulfill their commitment to the people. He stated this while talking to a delegation of PML-N MNAs from Guj
Published 13 Sep, 2017 12:00am
NA body rejects recruitment of non-locals in Tesco

NA body rejects recruitment of non-locals in Tesco

The National Assembly Standing Committee on States and Frontier Regions (SAFRON) has rejected the recruitment in Tribal Electric Supply Company (TESCO) of domicile holders other than Federally Administered Tribal Areas (FATA). The parliamentary panel met
Published 13 Sep, 2017 12:00am
US, EU ambassadors meet Pervaiz Malik

US, EU ambassadors meet Pervaiz Malik

US Ambassador to Pakistan David Hale and European Union (EU) Ambassador to Pakistan Jean Francois Cautain held separate meetings with Commerce Minister Pervaiz Malik and discussed issues related to trade, here on Tuesday. The commerce minister said that P
Published 13 Sep, 2017 12:00am
EFU General Insurance Limited
Mutual Funds

EFU General Insurance Limited

EFU General Insurance Limited (PSX: EFUG) was incorporated on September 2, 1932. The company provides a full range of insurance services to both the commercial and individual clients. It is part of the country's largest insurer group in the country - EFU,
Published 13 Sep, 2017 12:00am
EFU General Insurance Limited
Mutual Funds

EFU General Insurance Limited

EFU General Insurance Limited (PSX: EFUG) was incorporated on September 2, 1932. The company provides a full range of insurance services to both the commercial and individual clients. It is part of the country's largest insurer group in the country - EFU,
Published 13 Sep, 2017 12:00am
PFC delegation to leave for China next week

PFC delegation to leave for China next week

The Pakistan Furniture Council (PFC) will leave for China next week to explore new markets and strengthening bilateral trade relations with their counterparts in furniture industry. The delegation headed by its Chief Executive Mian Muhammad Kashif will av
Published 13 Sep, 2017 12:00am
PWEP holds summit for women entrepreneurs

PWEP holds summit for women entrepreneurs

Pakistan Women Entrepreneurship Programme (PWEP) wrapped up its activities for the second phase with a Women Summit recently. The programme is a joint venture of Lahore University of Management Sciences (LUMS) and American University (AU), Washington DC.
Published 13 Sep, 2017 12:00am
Government spending Rs 96 billion on mega projects in South Punjab

Government spending Rs 96 billion on mega projects in South Punjab

The Punjab Government is spending over Rs 96 billion on completions of 27 mega projects of South Punjab during the current financial year. P&D spokesman told Business Recorder that the government is spending Rs 25 billion to provide clean drinking
Published 13 Sep, 2017 12:00am
Sky Electric launches solar, battery system operations

Sky Electric launches solar, battery system operations

One million houses with efficient solar power solution in Pakistan can reduce 20-30 percent load from the national power grid, which can be provided to industries and commercial users. Chief Executive Officer of the Sky Electric, a Smart Energy Systems pr
Published 13 Sep, 2017 12:00am
Shahbaz urges UK firms to invest in health sector

Shahbaz urges UK firms to invest in health sector

Punjab Chief Minister Muhammad Shahbaz Sharif has invited the Pakistani doctors, health experts and the UK based companies to extend their cooperation and invest in the health sector in Punjab province. During a meeting with the health experts and represe
Published 13 Sep, 2017 12:00am
Absence of direction biggest threat to economy: FPCCI

Absence of direction biggest threat to economy: FPCCI

The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has warned the government that absence of a firm economic direction is the bigger threat to the economy than energy crisis, law and order situation and current dollar crisis. This was sta
Published 13 Sep, 2017 12:00am
Opposition in Punjab Assembly demands CM's resignation

Opposition in Punjab Assembly demands CM's resignation

Opposition in the Punjab Assembly on Tuesday demanded resignation from Chief Minister Punjab Shehbaz Sharif. The Opposition members said after the Lahore High Court's verdict on sugar mills, Shahbaz Sharif has lost his moral right of retaining the office
Published 13 Sep, 2017 12:00am
Austrian business team visits FPCCI regional office
Cotton

Austrian business team visits FPCCI regional office

An Austrian business delegation under the leadership of Richard Bandera, Trade Commissioner of Austria, visited Federation of Chambers of Commerce and Industry (FPCCI) Regional Office. Bruno Mellacher, Leonhard Lucki, Ing Rudolf Edlinger and Saleem Shamsh
Published 13 Sep, 2017 12:00am
Farmers to get subsidized laser land levelers

Farmers to get subsidized laser land levelers

One hundred laser land levelers would be provided to the farmers of Faisalabad district in the next phase with the subsidy of Rs 22.50 million. In this connection balloting of the farmer's applications was held at DC Office in which Deputy Commissioner Sa
Published 13 Sep, 2017 12:00am
Hashmi vows to support Kulsoom Nawaz in NA-120 by-poll

Hashmi vows to support Kulsoom Nawaz in NA-120 by-poll

Senior politician Makhdoom Javed Hashmi has announced to support Begum Kalsoom Nawaz in the by-election of NA-120 as he was optimistic that she would bag four times more votes than Pakistan Tehreek-e-Insaf (PTI) candidate Yasmin Rashid because this consti
Published 13 Sep, 2017 12:00am
TDAP holds seminar on REX System

TDAP holds seminar on REX System

"The Registered Exporter System (the REX System) is the system of Certificate of Origin of Goods that applies to the Generalized System of Preference (GSP) of the European Union and observance of the same is mandatory for all exporters to the European Uni
Published 13 Sep, 2017 12:00am
NA-120 by-poll: PPP to hold public meeting without Bilawal, Zardari

NA-120 by-poll: PPP to hold public meeting without Bilawal, Zardari

The PPP will hold a public meeting in NA-120 on September 14, said party sources. The PPP Punjab leadership will address the meeting where a large number of party workers from all across the city are likely to participate, they added. However, the party s
Published 13 Sep, 2017 12:00am
PML-N hopes to regain NA-120 with hefty margin

PML-N hopes to regain NA-120 with hefty margin

While hectic election campaign is underway in the constituency of NA-120 by the contesting candidates and their supporters, a question is being posed everywhere "as to who will win the by-poll." Former Prime Minister Nawaz Sharif's daughter Maryam Nawaz i
Published 13 Sep, 2017 12:00am
Six killed in truck-van collision

Six killed in truck-van collision

Six passengers were killed, including two children and a woman, and three injured as a speeding truck crushed a Suzuki van at Malir Link Road on Tuesday. Police and rescue sources said the incident occurred near Sumandri Baba Mazar early in the morning. P
Published 13 Sep, 2017 12:00am
Debate on agriculture land reforms echoes in NA

Debate on agriculture land reforms echoes in NA

The National Assembly on Tuesday echoed with a debate on agricultural land reforms in the country, leaving the lawmakers having feudal background on both sides of the aisle in a state of discomfort. Muttahida Qaumi Movement (MQM) stirred up the hornet's n
Published 13 Sep, 2017 12:00am
General Tyres honoured

General Tyres honoured

Pakistan Standards and Quality Control Authority (PSQCA) has awarded the license/certification for conformance of the standards of motorcycle tyre manufacturing (ie PS: ISO 4249-1) to the General Tyre & Rubber Company of Pakistan Limited. GTR announced th
Published 13 Sep, 2017 12:00am
Siraj for accountability of all those named in Panama Leaks

Siraj for accountability of all those named in Panama Leaks

Chief of Jamaat-e-Islami (JI) Senator Sirajul Haq on Tuesday asked for the accountability of all those named in Panama Leaks, including bureaucrats and judges. Talking to media persons here, the JI chief said that there were 364 people, including judges a
Published 13 Sep, 2017 12:00am
Customer money not a part of clearing members' assets: SECP
Exchange

Customer money not a part of clearing members' assets: SECP

The Securities and Exchange Commission of Pakistan (SECP) has decided to direct professional clearing members of stock exchange that customer money shall not form part of the assets of the professional clearing member for any purpose and shall not be avai
Published 13 Sep, 2017 12:00am
Abdullah Shah Ghazi's Urs begins

Abdullah Shah Ghazi's Urs begins

The three-day annual Urs of Hazrat Abdullah Shah Ghazi began on Tuesday, with thousands of devotees thronging to the shrine to offer fateha and pay homage to the Sufi saint. Sindh minister for information Syed Nasir Hussain Shah inaugurated the saint's 12
Published 13 Sep, 2017 12:00am
Asif meets Erdogan: Turkey backs Pakistan's stance on Afghan security

Asif meets Erdogan: Turkey backs Pakistan's stance on Afghan security

Foreign Minister Khawaja Asif met Turkish President Tayyip Erdogan and Prime Minister Binali Yildirim in the capital of Turkey where they discussed mutual ties between the two countries. The Turkish leadership expressed best wishes for Prime Minister Shah
Published 13 Sep, 2017 12:00am
14 die as van rams into trailer

14 die as van rams into trailer

In a major tragedy, at least 14 people, including four children, lost their lives on Tuesday when a passenger van rammed into a trailer and caught fire near Chakri interchange near Rawalpindi, said Motorway police. A spokesperson for the National Highways
Published 13 Sep, 2017 12:00am
Emirates Airlines celebrates 100th Airbus 380 aircraft

Emirates Airlines celebrates 100th Airbus 380 aircraft

Emirates Airlines is celebrating the historic delivery of its 100th Airbus 380 aircraft with a fare sale to exciting destinations across the Emirates global network in the Middle East, Far East, Europe and US.
Published 13 Sep, 2017 12:00am
Misuse of USF: Minister, PkMAP Senator trade allegations
Cotton

Misuse of USF: Minister, PkMAP Senator trade allegations

In a rare move, State Minister for Information Technology Anusha Rehman Khan on Tuesday threatened to stage a walkout from Senate after she was not allowed to respond to a treasury member who accused her of misusing Universal Service Fund (USF) for buildi
Published 13 Sep, 2017 12:00am
Drive against encroachers in Peshawar

Drive against encroachers in Peshawar

Town-I administration here on Tuesday launched a crackdown against encroachments in different areas of the city by bulldozing several illegally built cabins. On the directives of Town-I Nazim Zahid Nadeem, Tehsil Officer Revenue (TOR), Riaz Awan, Assistan
Published 13 Sep, 2017 12:00am
Ufone's Summer Internship programme concludes

Ufone's Summer Internship programme concludes

Ufone celebrated the successful conclusion of its flagship Summer Internship Programme (SIP) in Islamabad, Lahore and Karachi. Following campus recruitment drives across partner universities where more than 1300 students were evaluated, 41 students were s
Published 13 Sep, 2017 12:00am
Rs 14 billion USF Company's budget okayed

Rs 14 billion USF Company's budget okayed

USF Policy Committee Meeting, the management forum for the USF, was convened on Tuesday; 12th September 2017 in the Ministry of Information Technology and Telecom, Islamabad. The Minister of State for IT & Telecom; Anusha Rehman chaired the meeting in whi
Published 13 Sep, 2017 12:00am
AIIB keen to invest in dams, infrastructure development of KP

AIIB keen to invest in dams, infrastructure development of KP

Asian Infrastructure Investment Bank (AIIB) has expressed willingness for investment in Changla Gali Islamabad Road, construction of small dams, solarization of divisional and district headquarters offices, Chitral grid station, transmission lines, infras
Published 13 Sep, 2017 12:00am
Government struggles to export surplus sugar amid falling global prices

Government struggles to export surplus sugar amid falling global prices

Sugar industry is urging the government to reinstate export subsidies after a steep fall in global sugar prices has slowed shipments, adding to a domestic surplus just as the country prepares to harvest a record crop. Without revenues from exports, local
Published 13 Sep, 2017 12:00am
KP delegation attends three-day workshop at Colombo

KP delegation attends three-day workshop at Colombo

Khyber Pakhtunkhwa delegation has participated in the International three-day consultation workshop in Colombo, Sri Lanka. According to details, Khyber Pakhtunkhwa Special Assistant to Chief Minster on Law and Parliamentary Affairs and convener of the Tas
Published 13 Sep, 2017 12:00am
JuD chief will pose threat to public safety if released, LHC told

JuD chief will pose threat to public safety if released, LHC told

A report submitted by the Home Department before the Lahore High Court on Tuesday said that activities of Jamaat-ud-Dawa (JuD) Chief Hafiz Muhammad Saeed will pose great threat to the public safety and cause breach of public order if released. The departm
Published 13 Sep, 2017 12:00am
Advisory for paddy growers
Exchange

Advisory for paddy growers

The Punjab Agriculture Department (PAD) has advised paddy growers to use pesticides in consultation with the agri-experts to avoid harmful effects of fungicides and pesticides. It urged the growers to be aware of harmful aspects of Tricycalzole (TCA), Car
Published 13 Sep, 2017 12:00am
ADB to provide $335 millions loan for developing BRT system in Peshawar

ADB to provide $335 millions loan for developing BRT system in Peshawar

The Asian Development Bank (ADB) and Pakistan today signed a $335 million loan to help develop a Bus Rapid Transport (BRT) system in Peshawar, the capital city of the Khyber Pakhtunkhwa province. The project will improve public transport of the city throu
Published 13 Sep, 2017 12:00am
ADB to provide $335 millions loan for developing BRT system in Peshawar

ADB to provide $335 millions loan for developing BRT system in Peshawar

The Asian Development Bank (ADB) and Pakistan today signed a $335 million loan to help develop a Bus Rapid Transport (BRT) system in Peshawar, the capital city of the Khyber Pakhtunkhwa province. The project will improve public transport of the city throu
Published 13 Sep, 2017 12:00am
Youth urged to acquire knowledge

Youth urged to acquire knowledge

Vice chancellor of the University of Agriculture Faisalabad, Dr Muhammad Iqbal Zafar has stressed upon youth to turn all stones for acquiring knowledge for the uplift, dignity and honour of country as was envisioned by Quaid-e-Azam Muhammad Ali Jinnah. Ad
Published 13 Sep, 2017 12:00am
CS inaugurates medical camp

CS inaugurates medical camp

Chief Secretary Punjab Captain Zahid Saeed (retd) has said that every individual will have to play its role in establishing a healthy society. Setting up of a medical camp is a positive step for providing medical facilities to government employees and rai
Published 13 Sep, 2017 12:00am
Affectees of expressway being compensated: PKHA

Affectees of expressway being compensated: PKHA

The Pakhtunkhwa Highway Authority (PKHA) here Tuesday clarified that a news item appeared in the section of press on 31st August regarding assessment of land coming in the Right of Way (ROW) as per market value and non-payment of land compensation to the
Published 13 Sep, 2017 12:00am
'TDF Magnifi-Science Exhibition' to begin on October 6

'TDF Magnifi-Science Exhibition' to begin on October 6

The Dawood Foundation (TDF) is organizing the "TDF Magnifi-Science Exhibition 2017" from October 6 to 8 at the Dawood Public School. The Exhibition is sponsored by the Dawood Hercules Corp and Engro Corp while HUBCO is the supporting sponsor.
Published 13 Sep, 2017 12:00am
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