News Archives for Print - 2017-09-18

Global brands embrace RCS Messaging based on GSMA universal profile

The GSMA September 12 announced that multiple global brands including 1-800 CONTACTS, BMW Seattle, Detroit Pistons, MGM Resorts, Multiplus, Subway and Walgreens are showcasing Messaging as a Platform (MaaP) services based on the GSMA's Universal Profile f

Published 18 Sep, 2017 12:00am

'Case for Change': Drive on significant impact of mobile technology launched

At Mobile World Congress Americas, the GSMA September 12 launched a new global campaign to draw attention to the significant impact that mobile technology is having on the lives of more than five billion people around the world. The 'Case For Change' will

Published 18 Sep, 2017 12:00am

Rogue Korean child-monitoring app is back, researchers say

A South Korean child-monitoring smartphone app that was removed from the market in 2015 after it was found to be riddled with security flaws has been reissued under a new name and still puts children at risk, researchers said Monday. The app "Cyber Securi

Published 18 Sep, 2017 12:00am

Commission urged to keep European market unrestricted for cellular technologies

The GSMA September 14 urged the European Commission to keep the European market unrestricted for cellular technologies for use in connected vehicles. The EU plans to roll out a Cooperative Intelligent Transport System (C-ITS) in 2019 and intends to make 8

Published 18 Sep, 2017 12:00am

New GSMA study highlights key trends shaping the future of mobile ecosystem

The GSMA on September 12 published its second annual 'Global Mobile Trends' report, which provides exclusive data and analysis on the key trends shaping the future of the mobile ecosystem. Published at Mobile World Congress Americas being held in San Fran

Published 18 Sep, 2017 12:00am

Carmakers face electric reality as combustion engine outlook dims

European car bosses gathering for the Frankfurt auto show are beginning to address the realities of mass vehicle electrification, and its consequences for jobs and profit, their minds focused by government pledges to outlaw the combustion engine. As the l

Published 18 Sep, 2017 12:00am

Time to cut risk in 'complacent' markets, says SocGen

Investors should cut their exposure to "complacent" stock markets, French bank Societe Generale said on Thursday, warning that high valuations and the approaching end to ultra-loose monetary policies were a cause for concern. "We are worried by the combin

Published 18 Sep, 2017 12:00am

Head of Deutsche Telekom's T-Systems to leave on January 1

Deutsche Telekom management board member Reinhard Clemens will leave the company at the start of next year, after failing to halt a slide in sales and earnings at the T-Systems IT unit for which he was responsible. Deutsche Telekom did not say in its stat

Published 18 Sep, 2017 12:00am

VW's Skoda open to partnerships on India low-cost car: CEO

Volkswagen's Skoda division remains open to teaming up with other players to help meet cost targets to build a low-cost car for emerging markets, its chief executive said, after cooperation talks with India's Tata Motors collapsed. Skoda, commissioned by

Published 18 Sep, 2017 12:00am

Carlyle to sell South Korean security firm

Private equity firm Carlyle Group is planning a sale of South Korean security systems company ADT Caps in what could be the country's biggest M&A deal in two years, sources with knowledge of the matter said. Carlyle has enlisted Morgan Stanley to help sel

Published 18 Sep, 2017 12:00am

Bunge to buy stake in IOI Corp unit for $946 million

Agricultural commodities trader Bunge Ltd said on Tuesday it would buy a 70 percent stake in IOI Loders Croklaan from Malaysian palm oil producer IOI Corp Berhad for $946 million, as a plan to invest in higher-margin businesses such as food ingredients an

Published 18 Sep, 2017 12:00am

Bunge to buy stake in IOI Corp unit for $946 million

Agricultural commodities trader Bunge Ltd said on Tuesday it would buy a 70 percent stake in IOI Loders Croklaan from Malaysian palm oil producer IOI Corp Berhad for $946 million, as a plan to invest in higher-margin businesses such as food ingredients an

Published 18 Sep, 2017 12:00am

Hermes sees risk from strong euro after record first half

Luxury goods maker Hermes cautioned on Thursday that a strong euro could hamper its ability to maintain record high profitability achieved in the first half as demand recovered. Hermes and rivals such as LVMH and Kering have all started to see rising dema

Published 18 Sep, 2017 12:00am

Hermes sees risk from strong euro after record first half

Luxury goods maker Hermes cautioned on Thursday that a strong euro could hamper its ability to maintain record high profitability achieved in the first half as demand recovered. Hermes and rivals such as LVMH and Kering have all started to see rising dema

Published 18 Sep, 2017 12:00am

Credit Agricole to sell Saudi bank stake to Prince Alwaleed's firm

France's Credit Agricole has agreed to sell about half its 31.1 percent stake in Banque Saudi Fransi (BSF) to billionaire Prince Alwaleed Bin Talal's Kingdom Holding for 5.76 billion riyals ($1.54 billion). The sale was part of a wider review of Credit Ag

Published 18 Sep, 2017 12:00am

Exchange

Rickshaws to jump start India's all-electric drive

India will roll out nearly 100,000 battery-powered buses and autorickshaws onto its sulphurous city streets in the coming weeks, setting it on the bumpy road to making new vehicle sales all-electric by 2030. India, one of the world's most polluted nations

Published 18 Sep, 2017 12:00am

Small creditors use India's new bankruptcy rules to put the squeeze on big players

In late June, one of India's top wind power equipment makers, Inox Wind Ltd, was dragged into insolvency courts by a logistics handler over unpaid dues of $88,000. Two weeks on, the matter was settled, with dues paid off. The case illustrates how small cr

Published 18 Sep, 2017 12:00am

Apple, Dell join bid to buy Toshiba's chip business: US fund

US tech titans Apple and Dell have joined a bid to buy Toshiba's memory chip business, a deal seen as key to the survival of the cash-stripped Japanese industrial conglomerate, the US investor leading the consortium has said. "Last week Bain Capital made

Published 18 Sep, 2017 12:00am

Fuel shortage prompts flight cancellations at Auckland Airport

A jet fuel shortage is causing flight cancellations at New Zealand's Auckland Airport with disruptions expected to continue. A total of 23 international and domestic flights have been cancelled in the last 24 hours, Auckland Airport corporate affairs mana

Published 18 Sep, 2017 12:00am

Emaar Properties gets $1.5 billion loan

Dubai-based Emaar Properties obtained a $1.5 billion corporate finance loan from First Abu Dhabi Bank, sources familiar with the matter said on Sunday. Emaar, which develops residential properties, hotels, entertainment and shopping malls, agreed on the f

Published 18 Sep, 2017 12:00am

Chinese capital bans winter construction to improve air quality

Beijing will suspend construction of major public projects in the city this winter in an effort to improve the capital's notorious air quality, official media said on Sunday, citing the municipal commission of housing and urban-rural development.

Published 18 Sep, 2017 12:00am

Exchange

New Oman central bank executive president says committed to FX peg

The new executive president of Oman's central bank said on Sunday that his country remained committed to the rial's currency peg against the US dollar. Tahir Salim al-Amri, a former director-general of treasury and accounts at the Ministry of Finance, was

Published 18 Sep, 2017 12:00am

Serbian workers rebel against foreign bosses

Qualified, cheap and little protected by law - Serbian workers have everything to please foreign multinationals. But discontent is growing among employees of such companies in the Balkan country, a candidate for European Union membership.

Published 18 Sep, 2017 12:00am

Egypt plans more Eurobond issues

Egypt will issue a 1.5 billion euro ($1.8 billion) bond by the end of November and plans to launch a new $10 billion Eurobond programme next year, the Boursa newspaper reported on Sunday. Finance Minister Amr El Garhy told the newspaper that Cairo planned

Published 18 Sep, 2017 12:00am

Egypt plans more Eurobond issues

Egypt will issue a 1.5 billion euro ($1.8 billion) bond by the end of November and plans to launch a new $10 billion Eurobond programme next year, the Boursa newspaper reported on Sunday. Finance Minister Amr El Garhy told the newspaper that Cairo planned

Published 18 Sep, 2017 12:00am

Protesters set to rally against Australia's biggest coal project

Environmental activists are due to start a week of protests on Sunday against a major coal mining project they say will damage Australia's Great Barrier Reef and contribute to global warming. The A$16.5 billion ($13.20 billion) project has been delayed fo

Published 18 Sep, 2017 12:00am

Exchange

Global debt may be understated by $13 trillion: BIS

Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used to hedge international trade and foreign currency bonds, the BIS said on Sunday. Bank for International Settlements

Published 18 Sep, 2017 12:00am

Exchange

Global debt may be understated by $13 trillion: BIS

Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used to hedge international trade and foreign currency bonds, the BIS said on Sunday. Bank for International Settlements

Published 18 Sep, 2017 12:00am

Exchange

Don't fear the euro: investors stick with European stocks

The surging euro has played spoilsport with what had become global investors' top trade this year - buying European equities - though for some recent weakness in stocks offers a chance to reshuffle portfolios and stay invested. Fund managers, betting on d

Published 18 Sep, 2017 12:00am

Family offices look to emerging market equities for yield

Companies that manage portfolios for individual families are looking to increase investments in emerging markets after higher equities helped them achieve average returns of 7 percent in 2016, according to a report by Campden Research and UBS. The compani

Published 18 Sep, 2017 12:00am

Family offices look to emerging market equities for yield

Companies that manage portfolios for individual families are looking to increase investments in emerging markets after higher equities helped them achieve average returns of 7 percent in 2016, according to a report by Campden Research and UBS. The compani

Published 18 Sep, 2017 12:00am

NMC Health targets acquisition-led growth to keep FTSE 100 slot

NMC Health, the United Arab Emirates-based healthcare provider, plans to expand in Europe and the Gulf to retain its recently won place in London's FTSE 100 blue chip index. Next week NMC is set to become the only Middle Eastern company whose stock is a c

Published 18 Sep, 2017 12:00am

Qatar index down, Saudi bourse supported by petrochemicals gains

Qatar's stock index fell for a tenth straight session on Sunday as talk of dispute negotiations fails to sway investors, while strong oil prices boosted the Saudi Arabia market. On Friday Qatari Emir Sheikh Tamim bin Hamad al-Thani said his country was re

Published 18 Sep, 2017 12:00am

Peru bank says export surge to pressure sol currency

An influx of hard currency as Peru's exports surge on rallying mineral prices will likely pressure the local sol currency to strengthen against the dollar, Peru's central bank chief said on Wednesday. Peru is the world's second largest copper producer and

Published 18 Sep, 2017 12:00am

Exchange

China's money rates up, driven by corporate tax payment

China's primary money rates edged up slightly for the week as a central bank-led net fund injection was offset by seasonal cash demand. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered the best in

Published 18 Sep, 2017 12:00am

Exchange

China's money rates up, driven by corporate tax payment

China's primary money rates edged up slightly for the week as a central bank-led net fund injection was offset by seasonal cash demand. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered the best in

Published 18 Sep, 2017 12:00am

SBI Life to launch India's first billion dollar IPO in seven years

India's SBI Life Insurance Co Ltd will launch an initial public offering next week to raise as much as $1.3 billion, sources with direct knowledge told Reuters, in what will be the country's first billion-dollar IPO in nearly seven years. SBI Life, a subs

Published 18 Sep, 2017 12:00am

SBI Life to launch India's first billion dollar IPO in seven years

India's SBI Life Insurance Co Ltd will launch an initial public offering next week to raise as much as $1.3 billion, sources with direct knowledge told Reuters, in what will be the country's first billion-dollar IPO in nearly seven years. SBI Life, a subs

Published 18 Sep, 2017 12:00am

European funds raise bond holdings, fret about euro

Unnerved by global politics and reassured by central banks' commitment to super-easy credit policies, European funds raised bond exposure to nine-month highs in August, though the euro's inexorable rise somewhat dimmed the allure of regional equities. Reu

Published 18 Sep, 2017 12:00am

European funds raise bond holdings, fret about euro

Unnerved by global politics and reassured by central banks' commitment to super-easy credit policies, European funds raised bond exposure to nine-month highs in August, though the euro's inexorable rise somewhat dimmed the allure of regional equities. Reu

Published 18 Sep, 2017 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 80.73-80.73 (previous 80.73-80.73).

Published 18 Sep, 2017 12:00am

Cathay Securities Investment sees more rallies for Taiwan stocks

The dip in Taiwan's stock market following the launch of the iPhone X may be a mere pause before more rallies to come as suppliers of Apple Inc reap the benefits of Apple's newest smartphones, said an executive of Taiwan's biggest fund house. Jeff Chang,

Published 18 Sep, 2017 12:00am

Wall Street week ahead: Fed meeting could trigger stock sector rotation

US equity investors could rotate out of high-yielding sectors and into stocks of banks, which would benefit from the next leg up in interest rates, after the Federal Reserve's policy-setting meeting wraps up on Wednesday. If the Fed next week gives a nod

Published 18 Sep, 2017 12:00am

Trump hits back at Clinton, with a golf ball, on Twitter

US President Donald Trump on Sunday retweeted a doctored video of himself taking a golf swing and hitting former Democratic presidential rival Hillary Clinton, who then stumbles as she boards a plane. Clinton had been back on the Republican president's Tw

Published 18 Sep, 2017 12:00am

12 Yemeni civilians killed in Saudi-led coalition raid

Twelve Yemeni civilians including women and children have been killed in an air raid by the Saudi-led coalition northeast of the capital Sanaa, an official, residents and rebel media said Sunday. A local official told AFP the coalition air raid hit a vehi

Published 18 Sep, 2017 12:00am

Russia-proposed UN Ukraine force must not deepen division: US

The US special envoy to Ukraine on Saturday called the Russian proposal for a UN peacekeeping force there "a step forward" but warned the terms of the mandate must not "deepen the division" of the conflict-torn country. Kurt Volker was reacting to Russian

Published 18 Sep, 2017 12:00am

Nato to decide on Afghanistan troop question in one month

Nato has said it will take a further month to respond to Washington's demands for alliance allies to send more troops to Afghanistan. During a meeting of the Nato Military Committee in Tirana on Saturday, defence chiefs from 29 members of the organisation

Published 18 Sep, 2017 12:00am

'Narcos' location scout killed in Mexico

The bullet-riddled body of a Mexican filmmaker has been found in a central region of the violence-plagued country, where he was scouting locations for the hit Netflix show "Narcos." Carlos Munoz Portal, whose scouting credits include the James Bond film "

Published 18 Sep, 2017 12:00am

UN provides Cuba with food aid after Irma rips up coast

The United Nations' World Food Programme said on Saturday it was launching a $5.7 million operation in Cuba to help feed nearly 700,000 people in areas most affected by Hurricane Irma. The monster storm ripped last weekend along the length of the northern

Published 18 Sep, 2017 12:00am

Russia and Iraq restore air travel after 13-year freeze

Russia and Iraq restored scheduled commercial airline services on Sunday for the first time since 2004, in what officials hailed as a sign of stability returning to the war-torn country. An Iraqi Airways plane left Baghdad at 10.31 am (0731 GMT) and was e

Published 18 Sep, 2017 12:00am

Japan PM eyes snap election this year

Japanese premier Shinzo Abe is considering a snap election as early as next month, reports said Sunday, as he sees recovering public support with attention focused on tensions over North Korea. Abe floated the idea of holding a vote on October 22 or Octob

Published 18 Sep, 2017 12:00am

Myanmar army chief urges unity over Rohingya 'issue'

Myanmar's army chief has urged the country to unite over the "issue" of the Rohingya, a Muslim group he says has no roots in the country, and which his troops are accused of systematically purging. The military says its "clearance operations" in northern

Published 18 Sep, 2017 12:00am

Rain and evictions add to Rohingya misery

Heavy monsoon rain heaped new misery Sunday on hundreds of thousands of Muslim Rohinyga stuck in makeshift camps in Bangladesh after fleeing violence in Myanmar, as authorities started a drive to force them to a new site.

Published 18 Sep, 2017 12:00am

French reporter back home after Turkish terror charges

The young French journalist Loup Bureau arrived back in Paris on Sunday, "tired but relieved", after being detained for more than seven weeks in a Turkish jail on terror charges. The 27-year-old's case had heightened alarm in Europe over press freedoms un

Published 18 Sep, 2017 12:00am

Philippine army captures key pro-IS base in besieged city

The Philippine military said Sunday it had captured the command centre of Islamic State group supporters who have besieged a southern city for nearly four months. Security forces have engaged in ferocious street-to-street combat and launched airstrikes in

Published 18 Sep, 2017 12:00am

Hamilton wins Singapore GP

Lewis Hamilton won a chaotic and rain-hit Singapore Grand Prix on Sunday to seize control of the Formula One world championship as his title rival Sebastian Vettel crashed out on the first lap. Ferrari's Vettel and Kimi Raikkonen, and Red Bull's Max Verst

Published 18 Sep, 2017 12:00am

Kazakh Diyas storms to first title in Japan

Kazakhstan's Zarina Diyas overpowered local favourite Miyu Kato 6-2, 7-5 in the Japan Women's Open final on Sunday to capture her first WTA tour title. Diyas, ranked 100th in the world coming into the tournament, overpowered her fellow qualifier and let o

Published 18 Sep, 2017 12:00am

Chelsea's David Luiz sent off in Arsenal stalemate

Chelsea defender David Luiz was sent off for an ugly foul on Sead Kolasinac as Arsenal finally emerged unscathed from a trip to Chelsea with a 0-0 draw against the champions on Sunday. The Brazilian saw red in the closing minutes at Stamford Bridge and he

Published 18 Sep, 2017 12:00am

Tsonga sends France into Davis Cup final

Jo-Wilfried Tsonga fought back from a set down against Dusan Lajovic to book France a place in the Davis Cup final with a semi-final win over Serbia in Lille on Sunday. Yannick Noah's hosts went into the day needing just one victory from the final two sin

Published 18 Sep, 2017 12:00am

Badminton: Ginting wins all-Indonesian men's final

Indonesia's Anthony Sinisuka Ginting claimed his first international title at the Korea Open World SuperSeries event on Sunday, beating fellow countryman Jonathan Christie in a neck-and-neck men's singles final in Seoul. Ginting, ranked 24th in the world,

Published 18 Sep, 2017 12:00am

Wapda to organise T-12 tournament for schools

As part of its corporate social responsibility (CSR), the Pakistan Water and Power Development Authority (Wapda) is organizing a five-day long T-12 Cricket Tournament for schools from September 18 to 22 at Islamabad in a bid to improve standard of fieldin

Published 18 Sep, 2017 12:00am

Two-year ban for Chamara Silva

Former Sri Lanka player Chamara Silva has been banned for two years for misconduct during a domestic first-class match, Sri Lanka Cricket (SLC) announced Sunday. SLC said the match between Panadura Cricket Club and Kalutara Physical Culture Club in Januar

Published 18 Sep, 2017 12:00am

Brathwaite's 8,000-mile trip pays off as West Indies beat England

West Indies captain Carlos Brathwaite was rewarded for making an 8,000-mile round trip to Chester-le-Street as the tourists beat England by 21 runs in a lone Twenty20 international on Saturday. England, set 177 for victory, were bowled out for 155 at a ch

Published 18 Sep, 2017 12:00am

Golovkin retains titles in thrilling draw with Alvarez

Gennady Golovkin retained his three world titles Saturday, fighting to a draw with Mexican star Canelo Alvarez in a showdown for middleweight supremacy that lived up the hype. The 35-year-old Golovkin, making his Las Vegas debut, kept hold of the World Bo

Published 18 Sep, 2017 12:00am

Hardik Pandya stars in rain-hit India win

All-rounder Hardik Pandya starred with the bat and ball to help India defeat Australia by 26 runs in the rain-hit opening one-day international in Chennai on Sunday. Chasing a revised target of 164 in 21 overs, the visitors were frustrated by wrist spinne

Published 18 Sep, 2017 12:00am

Kuwait gives North Korea envoy a month to leave

US ally Kuwait has given North Korea's ambassador a month to leave the Gulf state and will downgrade its diplomatic representation with Pyongyang, a senior Kuwaiti diplomat told AFP Sunday. North Korea's diplomatic presence in the emirate will also be red

Published 18 Sep, 2017 12:00am

Spanish police seize pro-Catalan referendum pamphlets

Spanish police on Sunday seized 1.3 million pamphlets and posters supporting Catalonia's independence referendum, the latest move to try to block the vote. Catalonia's pro-separatist government is determined to hold a referendum on October 1, despite it b

Published 18 Sep, 2017 12:00am

Turkey sends military vehicles, equipment to Syrian border

Turkey sent 80 military vehicles including tanks to its southern border with Syria, the state-run Anadolu news agency said on Sunday. Citing a military source, Anadolu said the deployment was part of reinforcements for troops stationed along the border. T

Published 18 Sep, 2017 12:00am

Moon, Trump vow stronger pressure against North Korea

US President Donald Trump and his South Korean counterpart have pledged "stronger pressure" on Pyongyang, Seoul said Sunday, after North Korea defied tough new sanctions with a missile test and said it wanted to match American nuclear strength.

Published 18 Sep, 2017 12:00am

Booby-trap blast kills 8 in Iraq

Eight members of an Iraqi paramilitary unit died Sunday in a booby-trap explosion in a school near the city of Mosul that was retaken from jihadists, a security official said. In the latest example of the dangers left behind by retreating Islamic State gr

Published 18 Sep, 2017 12:00am

Hundreds of flights grounded as typhoon slams Japan

A powerful typhoon ripped into southern Japan on Sunday, dumping torrential rain, grounding hundreds of domestic flights and halting train services. Typhoon Talim made a landfall in Kyushu, the southernmost of Japan's four main islands, packing winds of u

Published 18 Sep, 2017 12:00am

Britain aims for new security treaty with EU

Britain wants to negotiate a new security treaty with the European Union to ensure there are no "operational gaps" after Britain leaves the bloc, the government said on Sunday. "We already have a deep level of collaboration with the EU on security matters

Published 18 Sep, 2017 12:00am

German architect Speer, son of top Nazi, dies

One of Germany's most prominent architects and urban planners of the post-war period, Albert Speer junior, has died aged 83, local media reported Sunday. His death late Friday came after an operation on a broken hip sustained in a fall at his home in the

Published 18 Sep, 2017 12:00am

May says Trump visit still on despite terror tweets

British Prime Minister Theresa May has insisted a long-awaited state visit by Donald Trump will go ahead as planned despite a diplomatic spat triggered by the US president's comments after a terror attack in London. Speaking to ABC News from Downing Stree

Published 18 Sep, 2017 12:00am

Boris Johnson accused of Brexit 'backseat driving'

Britain's foreign minister Boris Johnson was accused by cabinet colleagues on Sunday of "backseat driving" on Brexit after setting out his own vision of the country's future outside the European Union. Only days before Prime Minister Theresa May is due to

Published 18 Sep, 2017 12:00am

Norma weakens near Mexican resort, Maria threatens Caribbean

Norma weakened to tropical storm strength Saturday as it moved in the direction of Mexico's Baja California in the Pacific, the US National Hurricane Center said, even as Tropical Storm Maria threatened the battered Leeward islands.

Published 18 Sep, 2017 12:00am

Serbia's gay PM joins Belgrade Pride march

Serbia's lesbian prime minister on Sunday joined hundreds of activists with rainbow flags for Belgrade's annual gay march, an event held under heavy security in the conservative country. Ana Brnabic, 41, became one of the first openly gay government leade

Published 18 Sep, 2017 12:00am

Closure of US embassy in Cuba 'under review': Tillerson

US Secretary of State Rex Tillerson said Sunday that Washington is considering the possibility of closing its embassy in Havana in the wake of a mysterious "sonic attack" that left several of its staff with brain injuries and hearing loss.

Published 18 Sep, 2017 12:00am

1st phase of MARSEW 2017 culminates

Pakistan Navy is conducting the maiden Maritime Security Workshop (MARSEW) on the theme "Secure Seas - Prosperous Pakistan" at Pakistan Navy War College, Lahore. Two weeks duration MARSEW, commenced on 11th September, is aimed to create maritime awareness

Published 18 Sep, 2017 12:00am

US behind political instability: Fazl

Chief of Jamiat Ulema-e-Islam, Maulana Fazlur Rehman has alleged that the United States is behind political instability in the country. Speaking during the Executive Council meeting and later addressing the party activists in Lakki Marwat on Sunday, Fazlu

Published 18 Sep, 2017 12:00am

SAARC Chamber's team to participate in WCC moot in Sydney

A delegation of the SAARC Chamber, first time in history, will participate in the 10th three-day international flagship moot of World Chamber Congress commencing from September 19 in Sydney (Australia) where in a galaxy of 12,000 chambers representing mor

Published 18 Sep, 2017 12:00am

SCCI urges government to open e-Commerce Payment Gateways

President Sialkot Chamber of Commerce and Industry (SCCI) Majid Raza Bhutta has urged upon the government to take drastic steps for opening e-Commerce Payment Gateways to Pakistan for the promotion businesses. Talking to reporters on Sunday he said that g

Published 18 Sep, 2017 12:00am

'Balanced usage of fertilizer can save Rs 305 billion'

The country can save Rs 305 billion by ensuring balanced usage of fertilizer in the fields as the imbalance usage was not only causing fertilizer wastage and but also a reason behind low productivity. It was discussed at the meeting of fertilizer model ex

Published 18 Sep, 2017 12:00am

Shahbaz praises security, other arrangements for Independence Cup

Punjab Chief Minister Muhammad Shehbaz Sharif has appreciated the performance of the officers and officials of concerned departments for arranging best security and other related arrangements for the Independence Cup. While appreciating the performance of

Published 18 Sep, 2017 12:00am

Veteran actor Iftikhar Qaiser passes away

Senior actor Iftikhar Qaiser breathed his last on Sunday morning after protracted illness in Lady Reading hospital in the provincial capital of Khyber Pakhtunkhwa. Qaiser was admitted to Peshawar's Lady Reading Hospital on September 9 after his health con

Published 18 Sep, 2017 12:00am

Exchange

Interview with Shabbar Zaidi, Senior Partner & Chairman A.F. Ferguson & Company: 'Need to revise definition of our money laundering'

BR Research recently sat down with Shabbar Zaidi, Senior Partner and Chairman A.F.Ferguson & Co. The discussion was aimed at attaining more clarity on the money laundering law in Pakistan, the misalignments, and the need to have the law corrected. Below a

Updated 15 Nov, 2017 03:10pm

Exchange

Interview with Shabbar Zaidi, Senior Partner & Chairman A.F.Ferguson & Company: 'Need to revise definition of our money laundering'

BR Research recently sat down with Shabbar Zaidi, Senior Partner and Chairman A.F.Ferguson & Co. The discussion was aimed at attaining more clarity on the money laundering law in Pakistan, the misalignments, and the need to have the law corrected. Below a

Published 18 Sep, 2017 12:00am

Oil tanker overturns near Sahiwal

Prompt action by the National Highways and Motorway Police, Central Zone averted a possible disaster after an oil-tanker carrying 40,000-litre petrol overturned near Sahiwal on Lahore-Multan national highway on Sunday night. It is learnt an oil tanker No

Published 18 Sep, 2017 12:00am

Rs 130 million being incurred on Mayo hospital's new medical ward

The ground breaking ceremony of state-of-the-art five-storey building of historical North Medical Ward of Mayo Hospital at a cost of Rs 130 million was held, here on Sunday. Tajammal Foundation has taken the responsibility to build this building. Begum Mi

Published 18 Sep, 2017 12:00am

Minister lauds diagnostic facilities of UVAS

The Punjab Minister for Higher Education Syed Raza Ali Gillani along with UVAS Vice-Chancellor Professor Dr Talat Naseer Pasha visited the University of Veterinary and Animal Sciences (UVAS) Ravi Campus Pattoki. They visited various departments of Ravi Ca

Published 18 Sep, 2017 12:00am

Anti-polio drive to start today

As many as 1.321 million children under 5 years of age would be administered polio vaccine drops in the district during the next round of anti-polio campaign which would be continued from 18 to 20 September and additional two days would observed as sweepi

Published 18 Sep, 2017 12:00am

NA-120 by-election: polling held peacefully amid tight security

Polling for the by-election in constituency NA-120 Lahore was held on Sunday peacefully amid stringent security measures adopted by the law-enforcing agencies. The polling, which started at 8:00 am in the morning continued till 5:00 pm without any break.

Published 18 Sep, 2017 12:00am

Minister vows to ensure L&O in Faisalabad during Muharram

Punjab Cabinet Committee for Law & Order headed by Punjab Minister for Anti Terrorism Colonel Ayub Khan (retd) held here at Circuit House to review the Muharram arrangements in Faisalabad division. Punjab Minister for Sports Jahangir Khanzada, IG Police C

Published 18 Sep, 2017 12:00am

JI MPA Waseem Akhtar injured in road mishap

Member Provincial Assembly (MPA) belonging to Jamaat-e-Islami (JI), Syed Waseem Akhtar was injured in a road accident here on Sunday. JI Spokesman said that car of JI MPA Syed Waseem Akhtar hit road divider in Bahawalpur. The MPA sustained minor injuries

Published 18 Sep, 2017 12:00am

Orientation sessions on counter extremism held at PU

Punjab University College of Earth and Environmental Sciences (CEES) has organized four one-day orientation sessions on countering extremism with its faculty members and non-teaching staff under "Inspiring the Future" project jointly launched by CEES and

Published 18 Sep, 2017 12:00am

Most of candidates were not even voters of NA-120

Although, 44 candidates were in the run in NA-120 by-election, but most of the leading candidates in the run were not voters of the constituency. The Pakistan Muslim League-Nawaz (PML-N) candidate Begum Kulsoom Nawaz is registered as voter in NA-119 while

Published 18 Sep, 2017 12:00am

Exchange

FPCCI demands incentives for all export sectors

The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has demanded incentives for all export sectors including pharmaceuticals, poultry, and bike manufacturers to revive exports of the country. Chairman FPCCI Regional Committee on Industries

Published 18 Sep, 2017 12:00am

Pakistan may turn into regional energy hub: experts

Pakistan can become an energy hub in the region by transporting / flowing gas to its neighbors China and India, two fast-growing and energy-starved nations. Talking to Business Recorder Former president ICCI Dr Shahid Rasheed Butt said that Central

Published 18 Sep, 2017 12:00am

Pak-China relations bearing fruits of prosperity: Mushahid

Chairman Pak-China Institute, Senator Mushahid Hussain Syed said on Sunday that Pakistan and China are strategic partners in a journey of progress and prosperity, and increasing cooperation between the two countries is an example for the world. Talking to

Published 18 Sep, 2017 12:00am

SC must probe into Hudaibiya case: Baloch

Secretary General Jamaat-e-Islami Liaqat Baloch has expressed deep concern over the statement of Interior Minister Ahsan Iqbal in regard to the NAB reference concerning the Hudaibiya Paper Mills and has demanded a probe into the matter by a five-member be

Published 18 Sep, 2017 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Petrol/Litre / Nov 16	248.38
Karachi Cotton PKR/37.32 KG / Nov 16	18,085

Stock	Price
786 Invest Ltd / Nov 16 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 16 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 16 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 16 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 16 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 16 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 16 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 16 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 16 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 16 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 16 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 16 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 16 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 16 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 16 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 16 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 16 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 16 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 16 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 16 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 16 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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