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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-09-15
UN calls for global economic makeover to replace neo-liberalism

UN calls for global economic makeover to replace neo-liberalism

The world must ditch austerity and economic neo-liberalism and undertake a global "New Deal" to rebalance the global economy and achieve prosperity for all, the UN trade and development agency UNCTAD said in a report on Thursday. UNCTAD chief Mukhisa Kitu
Published 15 Sep, 2017 12:00am
Telcos hurt Saudi index, Qatar sinks
Exchange

Telcos hurt Saudi index, Qatar sinks

Telecommunications shares weighed on the Saudi Arabian stock market on Thursday after authorities moved to remove the ban on voice and video calls over the Internet, while Qatar continued to fall as foreign buyers intensified their selling. The Riyadh ind
Published 15 Sep, 2017 12:00am
Tokyo stocks snap three-day winning streak

Tokyo stocks snap three-day winning streak

Tokyo stocks snapped a three-day winning streak Thursday as investors cashed in on recent gains and early buying sentiment following fresh records on Wall Street fizzled out. "Shares were barely in positive territory earlier but profit-taking emerged in l
Published 15 Sep, 2017 12:00am
Hong Kong stocks fall

Hong Kong stocks fall

Hong Kong stocks fell on Thursday, as a flurry of soft China data rekindled concerns the country's economy could start to lose some steam. The Hang Seng index fell 0.4 percent, to 27,777.20, while the China Enterprises Index lost 0.8 percent, to 11,101.14
Published 15 Sep, 2017 12:00am
Government, corporate supply lift US bond yields

Government, corporate supply lift US bond yields

US Treasury yields rose on Wednesday with 10-year yield reaching a 2-1/2 week high as investors reduced their bond holdings to make room for this week's government and corporate debt supply. A recovery of stock prices on Wall Street the prior two sessions
Published 15 Sep, 2017 12:00am
Government, corporate supply lift US bond yields

Government, corporate supply lift US bond yields

US Treasury yields rose on Wednesday with 10-year yield reaching a 2-1/2 week high as investors reduced their bond holdings to make room for this week's government and corporate debt supply. A recovery of stock prices on Wall Street the prior two sessions
Published 15 Sep, 2017 12:00am
Shanghai shares ease

Shanghai shares ease

Shanghai stocks fell on Thursday, snapping a brief foray into 20-month highs, after data showed the world's second-largest economy may be starting to lose some steam as lending costs rise. The blue-chip CSI300 index fell 0.3 percent, to 3,829.96 points, w
Published 15 Sep, 2017 12:00am
Oil, retailers help European shares touch five-week high

Oil, retailers help European shares touch five-week high

European stocks edged up to a five-week high on Thursday, boosted by energy stocks and retailers, while stronger than expected US inflation data also helped lift sectors with high dollar exposure. The pan-European STOXX 600 index reversed early losses to
Published 15 Sep, 2017 12:00am
Indian shares higher

Indian shares higher

Indian shares ended marginally higher on Thursday as gains in private banks and pharma stocks offset losses in metal and IT counters. The BSE index gained for a sixth straight session, ending 0.17 percent higher at 32,241.93. The broader NSE index ended 0
Published 15 Sep, 2017 12:00am
Australian, New Zealand shares slip

Australian, New Zealand shares slip

Australian shares slipped on Thursday after China, the country's biggest trade partner, reported a host of data that was largely below market expectations, and as metal prices extended losses. China's fixed-asset investment, factory output and retail sale
Published 15 Sep, 2017 12:00am
FTSE hits bump on sterling jump after BoE rate hike signal

FTSE hits bump on sterling jump after BoE rate hike signal

Britain's top share index dropped to a four-month low on Thursday as sterling surged after the Bank of England signalled that it was likely to raise rates in the coming months, weighing on the FTSE 100's predominantly dollar-earning constituents. The FTSE
Published 15 Sep, 2017 12:00am
Dollar rally pauses in Asian trade
Exchange

Dollar rally pauses in Asian trade

The US dollar's rally paused on Thursday as traders waited for consumer inflation data later in the day for clues on whether the Federal Reserve will maintain its gradual pace of credit tightening. The Australian dollar rose slightly after a report showed
Published 15 Sep, 2017 12:00am
Firmly dovish SNB pushes franc lower in Europe

Firmly dovish SNB pushes franc lower in Europe

The Swiss franc tumbled against the dollar and the euro on Thursday after Switzerland's central bank softened its language on the currency's valuation, though it stood firm on its ultra-easy monetary policy stance. In a nod to the euro's near 7 percent ga
Published 15 Sep, 2017 12:00am
Early trade in New York: dollar stays down after CPI data
Exchange

Early trade in New York: dollar stays down after CPI data

The dollar held losses against a basket of major currencies on Thursday following data that showed a faster-than-forecast increase in domestic consumer prices in August. US consumer prices accelerated in August amid a jump in the cost of gasoline and rent
Published 15 Sep, 2017 12:00am
Dollar extends gains in New York trade

Dollar extends gains in New York trade

The dollar rose on Wednesday after a report showed US producer prices rebounded in August and as traders positioned themselves ahead of consumer inflation data due on Thursday that will be closely watched by the US Federal Reserve as it considers when to
Published 15 Sep, 2017 12:00am
Yuan extends losses

Yuan extends losses

China's yuan extended its losses against the dollar on Thursday, and is set for the fifth straight day in the red, after the central bank lowered its official guidance to its weakest level in nearly two weeks. The direction of the Chinese currency, down a
Published 15 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 Thursday 80.73-80.73 (previous 80.70-80.70).
Published 15 Sep, 2017 12:00am
Sri Lankan rupee slips

Sri Lankan rupee slips

The Sri Lankan rupee ended marginally lower on Thursday as dollar demand from banks and importers surpassed selling of the greenback by exporters, dealers said. The spot rupee, which was traded at 153.15/25 per dollar during the day, ended at 152.95/153.0
Published 15 Sep, 2017 12:00am
Most Asian currencies slip

Most Asian currencies slip

Most emerging Asian currencies slipped on Thursday as the dollar held steady near a four-week high against the yen ahead of the US consumer inflation data later in the day. Nath Wongsaroj, corporate treasury trader at Mizuho Bank, said Asian markets were
Published 15 Sep, 2017 12:00am
Sterling steadies

Sterling steadies

Sterling steadied just above $1.32 on Thursday, having pulled away from a one-year high the previous day, as traders waited for clues from the Bank of England on whether it might soon lift interest rates from record lows. The BoE will publish its latest p
Published 15 Sep, 2017 12:00am
Aussie jumps

Aussie jumps

The Australian dollar jumped on Thursday as local jobs data blew past all expectations and helped offset strength in its US counterpart, though there was still scant sign of the inflationary pressure that might push up interest rates. The New Zealand doll
Published 15 Sep, 2017 12:00am
Second seed Zhang beaten by qualifier in Tokyo

Second seed Zhang beaten by qualifier in Tokyo

China's Zhang Shuai became the latest seed to exit the Japan Women's Open on Thursday when she was ambushed by Kazakh qualifier Zarina Diyas. The 23-year-old Diyas, ranked 72 places below Zhang at 100th in the world, thrashed the second seed 6-4, 6-2 in T
Published 15 Sep, 2017 12:00am
Trophy of FATA Football Super League-2017 unveiled

Trophy of FATA Football Super League-2017 unveiled

The grand unveiling ceremony of the FATA Football Super League-2017 held at a local hotel in Islamabad with seven international footballers from three different countries of the world will be taking part in the event to be commencing at Qayyum Sports Comp
Published 15 Sep, 2017 12:00am
Winter Games unveils schedule as ticket sales flag

Winter Games unveils schedule as ticket sales flag

Winter Olympic chiefs Thursday unveiled the official schedule of the 2018 Pyeonchang Games in South Korea, saying the programme would help turn around sluggish ticket sales. Organisers have admitted sales have been slower than expected, with international
Published 15 Sep, 2017 12:00am
Jazz rising stars cricket talent hunt concludes

Jazz rising stars cricket talent hunt concludes

Jazz Rising stars, the award winning movement that showcased Pakistan's cricketing talent to the world, recently completed 5 city trials for its second season. These trials were held in Mirpur, Muzaffarabad, Rawalpindi, Sargodha and Layyah. Under this cri
Published 15 Sep, 2017 12:00am
Australian swimmer banned for doping rule breach

Australian swimmer banned for doping rule breach

Australian Olympic swimmer Jarrod Poort has been banned for 12 months for failing to make himself available for doping tests, officials said Thursday. Poort, who swam in the 1500m at the 2012 London Olympics but switched to the open water events at Rio la
Published 15 Sep, 2017 12:00am
Almost $5 billion spent in transfer window: FIFA

Almost $5 billion spent in transfer window: FIFA

The close-season transfer window saw $4.71 billion (3.96 billion euros) spent worldwide, over three quarters of which were from the top five European leagues, FIFA announced on Thursday. Paris Saint-Germain's world-record signing of Neymar from Barcelona
Published 15 Sep, 2017 12:00am
Defence Day Age Group Squash: Rashid, Noor, Yasin, Humam win titles

Defence Day Age Group Squash: Rashid, Noor, Yasin, Humam win titles

Rashid Daulat, Noor Zaman, Yasin Khattak and Humam Ahmad clinched the their respective titles in the Khyber Pakhtunkhwa Junior Defence Day Age Group Squash Championship played here at PAF Hashim Khan Squash Complex on Thursday. Group Captain Amir Nawaz, D
Published 15 Sep, 2017 12:00am
Ashes consistency key for Root's England: Vaughan

Ashes consistency key for Root's England: Vaughan

Joe Root's greatest challenge on his first Ashes tour as captain will be to improve consistency and England must hit the ground running in Australia, former skipper Michael Vaughan told AFP. England, fresh from home series wins against South African and t
Published 15 Sep, 2017 12:00am
Ronaldo back in style for Real, Spurs end Wembley jinx

Ronaldo back in style for Real, Spurs end Wembley jinx

Cristiano Ronaldo grabbed a brace on his return from suspension for Real Madrid, as Tottenham Hotspur ended their Wembley jinx and Liverpool were held on their Champions League comeback on Wednesday. Real have sorely missed their Portuguese superstar as h
Published 15 Sep, 2017 12:00am
Record rain as typhoon batters southern Japanese islands

Record rain as typhoon batters southern Japanese islands

A strong typhoon lashed islands in southern Japan Thursday, packing gusts of up to 252 kilometres an hour and leaving thousands without power as it headed towards the mainland. Authorities warned of landslides and high waves as Typhoon Talim battered the
Published 15 Sep, 2017 12:00am
Russia launches massive war games on Nato's eastern flank

Russia launches massive war games on Nato's eastern flank

Russia on Thursday began huge joint military exercises with Belarus along the European Union's eastern flank in a show of strength that has rattled nervous Nato members. Named Zapad-2017 (West-2017), the manoeuvres are scheduled to last until September 20
Published 15 Sep, 2017 12:00am
Juncker says 'hard Brexit' unlikely

Juncker says 'hard Brexit' unlikely

European Commission President Jean-Claude Juncker said on Thursday he did not envisage Britain leaving the EU in 2019 without a deal for future trade ties in a so-called "hard Brexit". During a question and answer session with young YouTube users, Juncker
Published 15 Sep, 2017 12:00am
North Korea threatens to 'sink' Japan, reduce US to 'ashes and darkness'

North Korea threatens to 'sink' Japan, reduce US to 'ashes and darkness'

A North Korean state agency threatened on Thursday to use nuclear weapons to "sink" Japan and reduce the United States to "ashes and darkness" for supporting a UN Security Council resolution and sanctions over its latest nuclear test. The Korea Asia-Pacif
Published 15 Sep, 2017 12:00am
Finnish woman kidnapped in Afghanistan freed

Finnish woman kidnapped in Afghanistan freed

A Finnish woman who was kidnapped in an attack on an international guest house in Afghanistan has been freed, the foreign ministry in Helsinki said Thursday. A German aid worker and an Afghan guard were killed and the Finnish woman was abducted as gunmen
Published 15 Sep, 2017 12:00am
Trump blocks Chinese acquisition of US semiconductor firm

Trump blocks Chinese acquisition of US semiconductor firm

President Donald Trump on Wednesday blocked attempts by a Chinese state-owned firm to acquire an American semiconductor manufacturer on national security concerns, drawing a rebuke from Beijing. The acquisition of Lattice Semiconductor Corporation, a publ
Published 15 Sep, 2017 12:00am
Malaysia school fire kills 23 children and teachers

Malaysia school fire kills 23 children and teachers

Twenty-three people, mostly children, were killed Thursday by a blaze that tore through a Malaysian religious school, trapping them in a dormitory with metal grilles barring its windows. Pupils and teachers inside the Islamic study centre in downtown Kual
Published 15 Sep, 2017 12:00am
One dead, several wounded in northwest US school shooting

One dead, several wounded in northwest US school shooting

One student was killed and at least three other teens were wounded Wednesday in a shooting in a school in the northwest of the United States, according to officials quoted by local media. The shooting took place in Freeman High School in Spokane county, W
Published 15 Sep, 2017 12:00am
Iranians among 74 dead in Iraq attacks

Iranians among 74 dead in Iraq attacks

Gunmen and suicide car bombers on Thursday killed at least 74 people, including Iranians, near the southern Iraqi city of Nasiriyah, in an attack claimed by the Islamic State group. The attackers struck at midday, opening fire on a restaurant before getti
Published 15 Sep, 2017 12:00am
Cotton futures end flat
Cotton

Cotton futures end flat

ICE cotton futures settled flat on Wednesday after hitting a near three-week low, a day after the US Department of Agriculture raised its global and US production estimates for the 2017/18 crop year. Cotton contracts for December settled down 0.02 cent, o
Published 15 Sep, 2017 12:00am
Lead futures in China gain
Exchange

Lead futures in China gain

Chinese lead futures advanced on Thursday, rising in step with growing signs of supply constraints caused by Beijing's crackdown on industrial pollution and falling stockpiles. However, copper and nickel futures were under pressure from concerns that exce
Published 15 Sep, 2017 12:00am
Copper slides on lacklustre China data
Exchange

Copper slides on lacklustre China data

Copper fell to a four-week low on Thursday after some weaker than expected data from China pointed to slowing demand from the metal's top consumer. Benchmark copper fell 0.7 percent to $6,498 per tonne, after earlier touching its lowest since August 18. C
Published 15 Sep, 2017 12:00am
Oil at five-month high on weak dollar, forecasts glut will recede

Oil at five-month high on weak dollar, forecasts glut will recede

Oil prices rose on Thursday, with Brent closing at a five-month high, as the dollar weakened and after a string of reports forecast the market would tighten further as fuel demand increased. US West Texas Intermediate crude briefly broke above $50 a barre
Published 15 Sep, 2017 12:00am
Rubber down
Exchange

Rubber down

Benchmark Tokyo rubber futures snapped a three-day winning streak on Thursday as the market took a cue from a decline in Shanghai futures amid signs of slowing growth in the world's No.2 economy, brokers said. The Tokyo Commodity Exchange rubber contract
Published 15 Sep, 2017 12:00am
Malaysian palm oil futures fall
Exchange

Malaysian palm oil futures fall

Malaysian palm oil futures fell on Thursday from 6-1/2 month highs, snapping three sessions of gains due to bearish price forecasts from a key industry analyst. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchan
Published 15 Sep, 2017 12:00am
Spot raw sugar futures settle down on dry Brazil weather

Spot raw sugar futures settle down on dry Brazil weather

Spot raw sugar futures on ICE settled lower on worries about dry weather in top-grower Brazil on Thursday as commercial longs rolled their positions into the March contract. October raw sugar settled down 0.06 cent, or 0.4 percent, at 14.27 cents per lb.
Published 15 Sep, 2017 12:00am
Gold falls in New York

Gold falls in New York

Gold fell to a 1-1/2-week low on Wednesday, erasing earlier gains as the dollar index jumped, though a retreat in global stocks after Tuesday's record high prevented deeper losses. Spot gold was down 0.65 percent at $1,322.91 an ounce by 2:34 pm EDT (1834
Published 15 Sep, 2017 12:00am
Gold slips in Asia

Gold slips in Asia

Gold edged down on Thursday to its lowest in nearly two weeks on waning risk aversion, and as the dollar steadied ahead of US consumer inflation data that could offer clues on the timing of further interest rate hikes. Spot gold was down 0.1 percent at $1
Published 15 Sep, 2017 12:00am
Gold steadies above two-week low in Europe

Gold steadies above two-week low in Europe

Gold steadied above an earlier two-week low on Thursday as the dollar softened despite strong US consumer inflation data, which could allow further interest rate increases from the Federal Reserve. The US currency was down 0.2 percent against a basket of
Published 15 Sep, 2017 12:00am
US MIDDAY: soya sets one-month top

US MIDDAY: soya sets one-month top

US soyabean futures reached a one-month high on Thursday on robust export demand and worries about conditions in South American crop regions, analysts said. Corn and wheat followed the firm trend, drawing additional support from broad strength in other co
Published 15 Sep, 2017 12:00am
US MIDDAY: gold soars
Exchange

US MIDDAY: gold soars

Gold rebounded from a two-week low on Thursday as North Korea threatened the United States and Japan, and the dollar softened despite strong US consumer inflation data, which could allow further interest rate increases from the Federal Reserve. A North Ko
Published 15 Sep, 2017 12:00am
Indian Deputy HC summoned

Indian Deputy HC summoned

Pakistan on Thursday summoned Indian Deputy High Commissioner JP Singh over the loss of two civilian lives as a result of the unprovoked ceasefire violations by the Indian forces on September 13, 2017. Foreign Office Spokesperson Nafees Zakaria told his w
Published 15 Sep, 2017 12:00am
No room for corrupt officials in police department: Khattak

No room for corrupt officials in police department: Khattak

Chief Minister, Khyber Pakhtunkhwa, Pervez Khattak on Thursday said that there still are some "corrupt officials" in the provincial police force and the government has to take them out of the force. While addressing a ceremony in the District Council Hall
Published 15 Sep, 2017 12:00am
'Exports to China to expand after conclusion of FTA'

'Exports to China to expand after conclusion of FTA'

Vice Minister, Chinese Ministry of Commerce, Wang Shouwen Thursday said that after conclusion and implementation of the second phase of China-Pakistan Free Trade Agreement (CPFTA), Pakistan will be able to expand its exports to China through the low tarif
Published 15 Sep, 2017 12:00am
NH&MP acclaimed for its integrity, courtesy: IG

NH&MP acclaimed for its integrity, courtesy: IG

Inspector General National Highways & Motorway Police Dr Syed Kalim Imam said that officers of National Highways & Motorway Police are known by their distinctive qualities like honesty, courtesy, help to the distressed and equal application of law. The NH
Published 15 Sep, 2017 12:00am
WASA to add water from Ravi, BRB Canal into its supply system

WASA to add water from Ravi, BRB Canal into its supply system

To meet growing demand of water in the provincial capital, the WASA has decided to add water from the Ravi and BRB Canal into WASA water supply system. WASA will also install water treatment plants at Shahdara, Mahmood Booti and Shad Bagh. In this connect
Published 15 Sep, 2017 12:00am
SPFC extends date for submission of bids

SPFC extends date for submission of bids

South Punjab Forest Company (SPFC) has extended the deadline for submission of bids from September 15, 2017 to October 02, 2017. The deadline has been extended upon the directions of the Board of Directors (BoD) of SPFC to facilitate investors. On October
Published 15 Sep, 2017 12:00am
Shahbaz says 'Health Road Show in Britain' great success

Shahbaz says 'Health Road Show in Britain' great success

Punjab Chief Minister Shahbaz Sharif on Thursday said "Health Road Show in Britain" was of great success and would help improve the health sector for the benefit of people. Talking to media at Lahore Airport on his return from London, Shahbaz said the UK-
Published 15 Sep, 2017 12:00am
Minister lauds research facilities of UVAS

Minister lauds research facilities of UVAS

The Federal Minister for Housing & Works Akram Khan Durrani along with UVAS Vice-Chancellor Prof Dr Talat Naseer Pasha visited the University of Veterinary and Animal Sciences (UVAS) Ravi Campus Pattoki. During his visit Federal Minister visited various d
Published 15 Sep, 2017 12:00am
Code of conduct being flouted in NA-120 by-poll

Code of conduct being flouted in NA-120 by-poll

Despite the Election Commission of Pakistan (ECP)'s warning that rallies should be held within the constituency of NA-120, three main political parties - PML-N, PTI and PPP - continued campaigning in the constituency through rallies. While the election ca
Published 15 Sep, 2017 12:00am
Institute of Dentistry established at CMH Lahore

Institute of Dentistry established at CMH Lahore

Pakistan Army established 'Maxillofacial Centre' at Institute of Dentistry, CMH Lahore Medical College. Commander Lahore Corps Lieutenant-General Sadiq Ali inaugurated the college here on Thursday. The facility will cater for all the dental treatments/sur
Published 15 Sep, 2017 12:00am
116 confirmed dengue patients reported in Punjab

116 confirmed dengue patients reported in Punjab

So far 116 confirmed dengue patients have been reported in Punjab, out of which 89 belonged to Punjab, 20 from other provinces and seven from Islamabad. In Punjab, up to 25 patients were reported from Lahore, 12 in Rawalpindi, 10 in Gujranwala and six fro
Published 15 Sep, 2017 12:00am
NA-120 by-polls: PAT announces support for PTI's candidate

NA-120 by-polls: PAT announces support for PTI's candidate

Pakistan Awami Tehreek (PAT) Chief Tahirul Qadri announced full support on Thursday for Pakistan Tehreek-e-Insaf (PTI) candidate Dr Yasmin Rashid in the forthcoming by-poll election in NA-120. He said PAT had also supported the PTI candidate in the genera
Published 15 Sep, 2017 12:00am
140 foreign delegates to participate in 'Carpet Expo'

140 foreign delegates to participate in 'Carpet Expo'

As many as 140 foreign delegations have so far confirmed their participation in the international carpet exhibition commencing on October 5 in Lahore. The Pakistan Carpet Manufacturers and Exporters Association senior vice chairman and chairman exhibition
Published 15 Sep, 2017 12:00am
Fake soft drink factory sealed

Fake soft drink factory sealed

The Punjab Food Authority (PFA) on Thursday sealed a factory for producing fake soft drinks with the label of renewed beverage companies and discarded huge quantity of material in the area of Shahdara. A PFA raiding team under the supervision of PFA Addit
Published 15 Sep, 2017 12:00am
LCCI to establish hotline-link in Philippines
Cotton

LCCI to establish hotline-link in Philippines

The Lahore Chamber of Commerce and Industry and Pakistan Embassy in Philippines will establish hotline-like contact to ensure timely exchange of trade and investment-related information. It was agreed at a meeting between Pakistan Ambassador in Philippine
Published 15 Sep, 2017 12:00am
Speakers call for maintaining peace during Muharram

Speakers call for maintaining peace during Muharram

A peace conference, held under the aegis of World Council of Religion, emphasised the need to eliminate sectarian violence and maintain peace during the holy month of Muharram-ul-Haram. The council organised a moot with a title "Unity for Peace Conference
Published 15 Sep, 2017 12:00am
FTO spells out tax reforms agenda

FTO spells out tax reforms agenda

Federal Tax Ombudsman (FTO) Mushtaq Ahmed Sukhera Thursday highlighted his tax reform agenda, including speedy justice/facilitation to the aggrieved taxpayers, implementation of FTO orders by Federal Board of Revenue (FBR), paperless environment, revampin
Published 15 Sep, 2017 12:00am
Forex reserves up by $198 million
Exchange

Forex reserves up by $198 million

The country's total liquid foreign exchange reserves rose by $198 million during last week. According to State Bank of Pakistan (SBP) weekly report issued Thursday, the country's forex reserves stood at $20.585 billion as on September 8, 2017 compared to
Published 15 Sep, 2017 12:00am
PTI to emerge victorious on September 17: Imran

PTI to emerge victorious on September 17: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has said that on September 17, the PTI will be victorious and they will end 30 years reign of corruption of the Sharif family. "The people will defeat the corrupt mafia on Sunday and a new Lahore will eme
Published 15 Sep, 2017 12:00am
PTI may cooperate with MQM-P over change of NA's leader of opposition

PTI may cooperate with MQM-P over change of NA's leader of opposition

Pakistan Tehreek-e-Insaf (PTI) leader, Shah Mehmood Qureshi has said that Muttahida Qaumi Movement-Pakistan (MQM-P) has contacted for change of the Opposition Leader in National Assembly and other political parties would also be consulted in this connecti
Published 15 Sep, 2017 12:00am
UK trade minister due next week

UK trade minister due next week

British Minister of State for Trade and Investment Greg Hands is visiting Pakistan next week to further strengthen trade and investment relations between the two countries, well-informed sources told Business Recorder. He is visiting Islamabad at a
Published 15 Sep, 2017 12:00am
Inordinate delay in completing LEW irks PAC

Inordinate delay in completing LEW irks PAC

The Public Accounts Committee (PAC) Thursday expressed serious anger and disappointment over the long delay in the completion of Lyari Expressway and massive cost escalation from Rs 4.89 billion to Rs 9.94 billion. The committee meeting, held here under t
Published 15 Sep, 2017 12:00am
Irfan Riaz Mir joins PC Rawalpindi as GM

Irfan Riaz Mir joins PC Rawalpindi as GM

Irfan Riaz Mir joins Pearl Continental Rawalpindi as its General Manager. Hashoo Hotels takes immense pleasure in announcing his appointment. Irfan Mir is a seasoned professional with an extensive experience of more than 30 years in the hospitality indust
Published 15 Sep, 2017 12:00am
Pakistan close to eradicating polio: Maleeha

Pakistan close to eradicating polio: Maleeha

A top Pakistani diplomat has told UNICEF's Executive Board that Pakistan was now close to being a polio-free country that is focused on the development of children. "We have made remarkable progress on Polio eradication," Ambassador Maleeha Lodhi, Pakista
Published 15 Sep, 2017 12:00am
Babar says policy towards Afghanistan must be revisited

Babar says policy towards Afghanistan must be revisited

Peace and development in tribal areas will remain elusive until the black elephant in the black hole of Federally Administered Tribal Areas (FATA) is identified and reined in. This was stated by Senator Farhatullah Babar at a multi-party conference on FAT
Published 15 Sep, 2017 12:00am
ZTBL registers substantial growth

ZTBL registers substantial growth

Zarai Taraqiati Bank Ltd has registered a substantial growth in all its areas of business and operations during the last three years. The Bank has successfully mobilized its customers deposit base to Rs 65 billion and augmented its agricultural credit por
Published 15 Sep, 2017 12:00am
PTCL offers help to IT companies affected by STP-1 fire

PTCL offers help to IT companies affected by STP-1 fire

PTCL has extended its unconditional and complete support to the IT companies impacted due to the devastating fire at Software Technology Park (STP-1) on September 10. There were a large number of IT companies based at STP-1 in Islamabad which were affecte
Published 15 Sep, 2017 12:00am
Senate body asks GCC to pay salary to sacked employees

Senate body asks GCC to pay salary to sacked employees

A parliamentary panel on Thursday asked the management of Gun & Country Club (GCC) Islamabad to pay salaries to its 107 employees whose services were terminated after they staged a protest to show solidarity with their colleague who was allegedly assaulte
Published 15 Sep, 2017 12:00am
IFMP signs MoU with FUI

IFMP signs MoU with FUI

The Institute of Financial Markets Pakistan (IFMP) has signed memorandum of understanding (MoU) with The Foundation University Islamabad (FUI) for mutual development of business curriculum. The spokesman of IFMP, in a statement issued here on Thursday sai
Published 15 Sep, 2017 12:00am
SBI, KATI sign MoU to promote investment in Sindh

SBI, KATI sign MoU to promote investment in Sindh

Sindh Board of Investment (SBI) and Korangi Association of Trade and Industry (KATI) signed a Memorandum of Understanding (MoU) to strengthen the relations and partnership between the business community and Sindh government to promote investment opportuni
Published 15 Sep, 2017 12:00am
PSQCA seizes a lubricant unit over illegal production

PSQCA seizes a lubricant unit over illegal production

Pakistan Standards and Quality Control Authority (PSQCA) seized a lubricant unit for production of illegal and substandard engine oil at the SITE area, here on Thursday. Officials said that as per instruction of the authority's Director General, a PSQCA t
Published 15 Sep, 2017 12:00am
PIA introduces three weekly flights to Najaf, Iraq

PIA introduces three weekly flights to Najaf, Iraq

PIA commences flight operations to Najaf, Iraq. The first flight to Najaf PK 219 took off from Jinnah International Airport Karachi on Thursday night, making PIA the first Pakistani airline to have direct three weekly flights to Iraq from Karachi. These f
Published 15 Sep, 2017 12:00am
KCCI, Mauritius Chamber sign MoU

KCCI, Mauritius Chamber sign MoU

A board member of the Mauritius Chamber and president of the Pakistan-Mauritius Joint Business Council, Shehzad Abdullah Ahmed, has said that Mauritius is a gateway to 47 African countries which can be accessed via Mauritius by Karachi's business and indu
Published 15 Sep, 2017 12:00am
Speakers call for measures to combat desertification

Speakers call for measures to combat desertification

Sindh Agriculture University (SAU) Tandojam and Sustainable Land Management Programme (SLMP) jointly organized national seminar on "Combating Desertification in Pakistan", held at the university campus. The programme attracted a large number of developmen
Published 15 Sep, 2017 12:00am
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