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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-09-21
CBS's Australia TV deal favoured over Murdoch bid

CBS's Australia TV deal favoured over Murdoch bid

US broadcaster CBS's bid to buy Australia's third-largest television network was approved by creditors and staff Tuesday, paving the way for the takeover despite a rival offer by media mogul Lachlan Murdoch. The tussle for the embattled Ten Network came a
Published 21 Sep, 2017 12:00am
ThyssenKrupp-Tata merger sets scene for jobs battle

ThyssenKrupp-Tata merger sets scene for jobs battle

German heavy industry giant ThyssenKrupp and Indian group Tata agreed Wednesday to merge their steel operations in Europe, sending governments and unions scrambling to ward off job cuts. Once the deal is finalised in 2018, the two groups aim for efficienc
Published 21 Sep, 2017 12:00am
Shopping surge in August boosts British rate hike bets

Shopping surge in August boosts British rate hike bets

British retail sales unexpectedly surged in August, boosting chances the Bank of England will raise interest rates for the first time in a decade at its next meeting. More downbeat news, however, came from a BoE survey which showed no sign that wages were
Published 21 Sep, 2017 12:00am
Toshiba sells chip unit for around $18 billion

Toshiba sells chip unit for around $18 billion

Toshiba said Wednesday it would sell its memory chip business to a group led by US investor Bain Capital, in a deal worth around $18 billion and seen as crucial to keeping the Japanese conglomerate afloat. The sale to the consortium - which includes US te
Published 21 Sep, 2017 12:00am
Food labeling pact aims to cut food waste

Food labeling pact aims to cut food waste

Many of the world's largest retailers and food companies have agreed to better labeling of products by 2020 in a bid to radically cut food waste, they announced Wednesday. Large global companies, including Wal-Mart Stores, Tesco, Kellogg, Nestle, Carrefou
Published 21 Sep, 2017 12:00am
EU seeks post-Brexit powers over foreign finance firms

EU seeks post-Brexit powers over foreign finance firms

The EU on Wednesday unveiled plans for sweeping new powers over foreign financial firms in Europe that would give the bloc strict oversight over the London financial hub after Brexit. The draft law, presented by European Commission vice-president Valdis D
Published 21 Sep, 2017 12:00am
Ryanair reassigns flights for half of affected customers

Ryanair reassigns flights for half of affected customers

Irish low-cost airline Ryanair has allocated replacement flights for more than half of the customers whose trips were cancelled late last week, it said Wednesday. In an update, the airline said it had cancelled 2,100 flights to the end of October as it st
Published 21 Sep, 2017 12:00am
Saudi Arabia to create $2.7 billion entertainment investment firm

Saudi Arabia to create $2.7 billion entertainment investment firm

Saudi Arabia's sovereign wealth fund is set to create a $2.7 billion entertainment investment company, state media said Wednesday, as kingdom opens up avenues for leisure. The country seeks to increase domestic spending on entertainment and launch hundred
Published 21 Sep, 2017 12:00am
Japan exports surge at fastest in nearly four years

Japan exports surge at fastest in nearly four years

Booming shipments of cars and electronics in August drove up Japan's exports at the fastest pace in nearly four years, further evidence that overseas demand is strong enough to support healthy economic growth. The 18.1 percent annual increase in exports w
Published 21 Sep, 2017 12:00am
IMF's Lagarde warns US won't meet growth targets amid slow reforms

IMF's Lagarde warns US won't meet growth targets amid slow reforms

IMF chief Christine Lagarde warned Wednesday that the US will fall short of its ambitious economic growth goals unless it can accelerate promised policy changes, including tax reform. The Trump administration has said it will push US growth to three perce
Published 21 Sep, 2017 12:00am
Russia's B&N bank seeks bailout

Russia's B&N bank seeks bailout

B&N Bank, Russia's 12th biggest lender by assets, on Wednesday asked the central bank for a bailout, less than a month after another major Russian bank had to be rescued. "The owner of B&N Bank has asked the Bank of Russia to consider the possibility of a
Published 21 Sep, 2017 12:00am
US existing home sales in August lowest in a year

US existing home sales in August lowest in a year

Sales of US existing homes fell to the lowest level in a year in August as low inventories left many would-be buyers unable to purchase, according to industry data released Wednesday. While Hurricane Harvey, which made landfall in southeast Texas on Augus
Published 21 Sep, 2017 12:00am
Qatar index extends rebound, Saudi bourse down
Exchange

Qatar index extends rebound, Saudi bourse down

Qatar's stock index extended gains for a second day on Wednesday as local and international funds stepped up buying after a long spell of weakness. The Doha index broke an 11-day losing streak on Tuesday, though the benchmark index is still down 18.5 perc
Published 21 Sep, 2017 12:00am
Sri Lankan shares hit over five-week high

Sri Lankan shares hit over five-week high

Sri Lankan shares gained for a fifth straight session on Wednesday to hit a more than five-week closing high as foreign investors bought into blue-chips, boosting sentiment. Foreign investors bought a net 556.6 million rupees ($3.64 million) worth of shar
Published 21 Sep, 2017 12:00am
Tokyo shares flat, Nintendo rallies

Tokyo shares flat, Nintendo rallies

Tokyo shares ended little changed Wednesday after hitting a more than two-year high, but Nintendo surged on hopes for strong sales of its Switch games console. The Super Mario maker jumped 4.73 percent to 42,890 yen, adding to a more than seven percent ga
Published 21 Sep, 2017 12:00am
Wednesday's early afternoon trade: stocks little changed; Apple down

Wednesday's early afternoon trade: stocks little changed; Apple down

US stocks were little changed in early afternoon trading on Wednesday as investors awaited the Federal Reserve's policy decision for clues on the future path of interest rates. The policy statement and projections are due to be released at 2 pm ET (1800 G
Published 21 Sep, 2017 12:00am
Wall Street edges up on financials as Fed eyed
Exchange

Wall Street edges up on financials as Fed eyed

The three major US stock indexes edged higher on Tuesday, logging closing records, with financial stocks providing the biggest boost a day ahead of the Federal Reserve's concluding statement from its two-day policy meeting. The US central bank is expected
Published 21 Sep, 2017 12:00am
Hong Kong shares at 28-month high

Hong Kong shares at 28-month high

Hong Kong shares rose on Wednesday, with the benchmark index hovering around 28-month highs, as shares of Chinese metal producers continued to rally. The Hang Seng index rose 0.3 percent to 28,127.80 points, while the China Enterprises Index gained 0.4 pe
Published 21 Sep, 2017 12:00am
Treasury yields move higher

Treasury yields move higher

US Treasury yields rose slightly on Tuesday as investors waited on the conclusion of the Federal Reserve's two-day policy meeting on Wednesday for new indications on whether an additional interest rate hike is likely this year. The US central bank is wide
Published 21 Sep, 2017 12:00am
Treasury yields move higher

Treasury yields move higher

US Treasury yields rose slightly on Tuesday as investors waited on the conclusion of the Federal Reserve's two-day policy meeting on Wednesday for new indications on whether an additional interest rate hike is likely this year. The US central bank is wide
Published 21 Sep, 2017 12:00am
Indian shares largely unchanged; Reliance gains

Indian shares largely unchanged; Reliance gains

Indian shares ended largely unchanged on Wednesday as gains in market heavyweight Reliance Industries Ltd were more than offset by profit-taking in stocks such as ICICI Bank Ltd. The broader NSE index closed down 0.06 percent at 10,141.15, while the bench
Published 21 Sep, 2017 12:00am
Australian shares lower; New Zealand up

Australian shares lower; New Zealand up

Australian shares trimmed early losses to close marginally lower on Wednesday, helped by gains in health care and industrial stocks, and as some banks climbed back from heavy falls earlier in the session. The S&P/ASX 200 index fell 0.1 percent, or 4.48 po
Published 21 Sep, 2017 12:00am
China stocks soar

China stocks soar

China stocks edged higher on Wednesday, bolstered by strong gains in consumer stocks and "new energy" car manufacturers, with sentiment propped up improving business confidence and expectations that Beijing will maintain stability in financial markets ahe
Published 21 Sep, 2017 12:00am
M&A, Spain turmoil liven up Europe stocks

M&A, Spain turmoil liven up Europe stocks

Deal-making and political turmoil in Spain livened up a flat session in Europe' stock markets on Wednesday as investors awaited pointers from the Federal Reserve on the US interest rate outlook. While caution dominated the broader market, Spanish stocks w
Published 21 Sep, 2017 12:00am
TSX hits six-week high
Exchange

TSX hits six-week high

Canada's main stock index rose to six-week highs on Tuesday, buoyed by a broad rally led by financial and energy stocks, as investors cautiously awaited for clues from the US Federal Reserve on its next move. The financial sector, which accounts for about
Published 21 Sep, 2017 12:00am
Most Southeast Asian stocks fall; Philippines rises

Most Southeast Asian stocks fall; Philippines rises

Most southeast Asian stock markets fell on Wednesday as investors trimmed positions ahead of the outcome of a US Federal Reserve meeting, while Philippines rose as hopes of a tax reform package boosted sentiment. The Fed is due to announce its decision at
Published 21 Sep, 2017 12:00am
Sterling weighs on UK's FTSE, Kingfisher shines

Sterling weighs on UK's FTSE, Kingfisher shines

A jump in sterling weighed on Britain's major share index on Wednesday, after unexpectedly buoyant retail data for August prompted investors to prepare for an interest rate hike by the bank of England as early as November. With most European stocks tradin
Published 21 Sep, 2017 12:00am
Dollar trades sideways in Asian trade

Dollar trades sideways in Asian trade

The dollar was on tenterhooks, trading sideways against major rivals on Wednesday as investors awaited the outcome of the Federal Reserve's meeting at which it was expected to announce plans to trim its $4.2 trillion in bond holdings. The dollar index, wh
Published 21 Sep, 2017 12:00am
Dollar close to 2015 lows in Europe; kiwi jumps

Dollar close to 2015 lows in Europe; kiwi jumps

The dollar edged towards 2-1/2-year lows hit earlier this month on Wednesday, as investors waited to see whether US ratesetters would signal tighter policy or hold off because of tepid inflation data. The US Federal Reserve concludes a two-day policy meet
Published 21 Sep, 2017 12:00am
Early trade in New York: dollar edges lower before Fed statement

Early trade in New York: dollar edges lower before Fed statement

The dollar edged lower on Wednesday, as investors waited to see whether the Federal Reserve would signal it may raise interest rates again later this year even as inflation has remained below its 2 percent goal. The US central bank is expected to release
Published 21 Sep, 2017 12:00am
Dollar weakens against basket of currencies in New York

Dollar weakens against basket of currencies in New York

The dollar weakened against a basket of currencies on Tuesday in advance of a Federal Reserve meeting where policymakers are expected to decide on shrinking the central bank's $4.2 trillion in bond holdings. The Fed's possible move to roll back stimulus f
Published 21 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 Wednesday. 80.77-80.77 (previous 80.75-80.75).
Published 21 Sep, 2017 12:00am
Sri Lankan rupee up

Sri Lankan rupee up

The Sri Lankan rupee ended firmer on Wednesday as dollar selling by exporters surpassed mild demand for the greenback from importers, dealers said. The spot rupee ended at 152.70/85 per dollar, compared with Tuesday's close of 153.10/20. "Lack of dollar d
Published 21 Sep, 2017 12:00am
Asian forex South Korean won strengthens

Asian forex South Korean won strengthens

The South Korean won strengthened against the dollar on Wednesday, brushing aside US President Donald Trump's statement that the United States may have to "totally destroy" North Korea. Most other emerging Asian currencies were trading mixed while the dol
Published 21 Sep, 2017 12:00am
Sterling strengthens against dollar

Sterling strengthens against dollar

Sterling strengthened against the dollar on Wednesday, as data showing British retail sales unexpectedly surged in August bolstered expectations the Bank of England will lift rates from record lows before year-end. Sterling jumped by almost a cent against
Published 21 Sep, 2017 12:00am
Kiwi hits 1-1/2 months peak

Kiwi hits 1-1/2 months peak

The New Zealand dollar leapt to a 1-1/2 months high on Wednesday after an opinion poll showed the country's ruling National Party had regained a wide lead over the opposition just three days before a nail-biting general election. Support for the National
Published 21 Sep, 2017 12:00am
Messi hits four as Barca maintain perfect start

Messi hits four as Barca maintain perfect start

Lionel Messi added four more goals to his soaring early season tally as a much-changed Barcelona maintained their 100 percent start to La Liga by routing Eibar 6-1 on Tuesday. Paulinho and Denis Suarez also netted for the second consecutive game as Barca
Published 21 Sep, 2017 12:00am
Ton-up Bairstow leaves West Indies facing World Cup qualifiers

Ton-up Bairstow leaves West Indies facing World Cup qualifiers

Jonny Bairstow struck a maiden one-day international hundred as England condemned West Indies to a seven-wicket defeat at Old Trafford on Tuesday that means the twice former champions can no longer gain direct entry to the 2019 World Cup. West Indies, the
Published 21 Sep, 2017 12:00am
Britain face Spain in 2018 Davis Cup opener

Britain face Spain in 2018 Davis Cup opener

Spain will host Great Britain in the first round of the 2018 Davis Cup, while this year's finalists France and Belgium were drawn against the Netherlands and Hungary respectively on Wednesday. Australia, beaten 3-2 by Belgium in last weekend's semi-final,
Published 21 Sep, 2017 12:00am
Not in a bad place with my captaincy, says Smith

Not in a bad place with my captaincy, says Smith

Skipper Steve Smith on Wednesday dismissed suggestions that his captaincy was under threat after a string of disappointing performances by the once all-conquering Australian side. Smith's men were recently tested in a two-match Test series against low-ran
Published 21 Sep, 2017 12:00am
Injured Mathews to miss Pakistan Test

Injured Mathews to miss Pakistan Test

Sri Lanka's former skipper Angelo Mathews was ruled out of the first Test against Pakistan next week due to injury, the cricket board said Wednesday. Mathews will miss the match starting September 28 in Abu Dhabi due to a calf strain, the board said. Two
Published 21 Sep, 2017 12:00am
Muguruza stuffs Puig to reach Tokyo quarters
Kerb

Muguruza stuffs Puig to reach Tokyo quarters

Newly crowned world number one Garbine Muguruza pulverised Olympic champion Monica Puig 6-4, 6-0 on Wednesday to reach the quarter-finals of the Pan Pacific Open. Earlier, second seed Karolina Pliskova, who held the top ranking briefly over the summer, cr
Published 21 Sep, 2017 12:00am
Rustum Ali takes Interloop Open Golf Cup

Rustum Ali takes Interloop Open Golf Cup

Colonel Rustum Ali Chattah of Garrison Golf Club (GGC) lifted Interloop Cup during 3rd All Pakistan Interloop Open Golf Cup Championship-2017 concluded in the lush green 9 holes course of Lyallpur Golf Club (LGC).
Published 21 Sep, 2017 12:00am
Khalid Latif gets five-year ban over spot-fixing

Khalid Latif gets five-year ban over spot-fixing

The Pakistan Cricket Board (PCB)'s anti-corruption tribunal Wednesday imposed a ban of five years with a fine of Rs one million upon batsman Khalid Latif for his involvement in a spot-fixing scandal in the Pakistan Super League (PSL). The PCB's anti-corru
Published 21 Sep, 2017 12:00am
12 dead, 92 missing as floods hit eastern DR Congo

12 dead, 92 missing as floods hit eastern DR Congo

At least 12 people died and 92 were missing after heavy rains caused flooding in two villages in eastern Democratic Republic of Congo, an official said Wednesday. "The provisional toll after torrential rain hit the villages of Bihambwe and Matanda in Masi
Published 21 Sep, 2017 12:00am
Suu Kyi rejects criticism over Rohingya, UN chief urges army pullback

Suu Kyi rejects criticism over Rohingya, UN chief urges army pullback

Aung San Suu Kyi pledged Tuesday to hold rights violators to account over the Rohingya crisis but refused to blame Myanmar's army, as the UN chief demanded an end to the military campaign and a better deal for the Muslim minority. In an address timed to p
Published 21 Sep, 2017 12:00am
'Storm of the century' Maria pummels Puerto Rico

'Storm of the century' Maria pummels Puerto Rico

Hurricane Maria slammed into Puerto Rico on Wednesday, cutting power on most of the US territory as terrified residents hunkered down in the face of the island's worst storm in living memory. After leaving a deadly trail of destruction on a string of smal
Published 21 Sep, 2017 12:00am
Croatia school removes Melania Trump ads

Croatia school removes Melania Trump ads

Billboards featuring a glamourous image of US First Lady Melania Trump and the caption: "Just imagine how far you can go with a little bit of English" were supposed to attract students to a language school in Croatia. But the five roadside adverts were ta
Published 21 Sep, 2017 12:00am
Saudi Arabia urges Kurds to scrap independence referendum

Saudi Arabia urges Kurds to scrap independence referendum

Saudi Arabia on Wednesday urged Iraqi Kurdish leader Massud Barzani to call off a planned referendum on independence for his autonomous region to avoid further "crises" in Iraq and the region. A Saudi government official said Barzani should drop plans to
Published 21 Sep, 2017 12:00am
Rouhani says fresh nuclear talks with US would be 'waste of time'

Rouhani says fresh nuclear talks with US would be 'waste of time'

Iranian President Hassan Rouhani on Wednesday ruled out talks with US President Donald Trump's administration on revisiting a 2015 nuclear accord and said Tehran had "various options" if Washington pulls out. "An American government that chooses to trampl
Published 21 Sep, 2017 12:00am
Six die as heavy rain lashes parts of India

Six die as heavy rain lashes parts of India

Six people were killed Wednesday in a landslide in northeast India, while heavy rain in the western city of Mumbai caused havoc after a plane skidded off the runway and became stuck in mud. Authorities in the remote Himalayan state of Sikkim said the six
Published 21 Sep, 2017 12:00am
Abbas at UN calls for end to 'apartheid' for Palestinians

Abbas at UN calls for end to 'apartheid' for Palestinians

Palestinian leader Mahmud Abbas on Wednesday urged the United Nations to end what he described as an "apartheid" regime imposed by Israel in the Palestinian territories. "We are entrusted and you are entrusted to end apartheid in Palestine," Abbas told th
Published 21 Sep, 2017 12:00am
Kyrgyzstan accuses Kazakhstan of election 'influence'

Kyrgyzstan accuses Kazakhstan of election 'influence'

Kyrgyzstan accused its larger neighbour Kazakhstan on Wednesday of trying to influence the country's upcoming vote in favour of the opposition. The complaint came after Kazakh President Nursultan Nazarbayev met with opposition candidate Omurbek Babanov, c
Published 21 Sep, 2017 12:00am
Kenya court blames polls commission for botched vote

Kenya court blames polls commission for botched vote

Kenya's Supreme Court on Wednesday blamed the election commission for last month's annulled presidential vote, rebuking officials for bungling the transmission of results and basing the outcome on dubious documents. The full ruling detailing the court's s
Published 21 Sep, 2017 12:00am
Angry protests in Barcelona as Catalan referendum crisis deepens

Angry protests in Barcelona as Catalan referendum crisis deepens

Thousands of people took to the streets of Barcelona on Wednesday as police detained 14 Catalan government officials ahead of an independence referenddum deemed illegal by Madrid Shouting "we will vote" and "no pasaran" (Spanish for "they shall not pass")
Published 21 Sep, 2017 12:00am
Cotton edges lower as bearish crop ratings weigh
Cotton

Cotton edges lower as bearish crop ratings weigh

ICE cotton futures edged down on Tuesday after a federal report on Monday showed less-than-expected damage to the natural fibre caused by storms in the top cotton producing areas of the United States. The cotton contract for December settled down 0.23 cen
Published 21 Sep, 2017 12:00am
Shanghai aluminium, copper move higher
Exchange

Shanghai aluminium, copper move higher

ShFE copper edged up 0.2 percent to 50,810 yuan ($7,730) on Wednesday while Shanghai Aluminium Futures Exchange, prices ended up 3.4 percent on prospects that China's winter production cuts are starting early and will soon pare back stocks of available me
Published 21 Sep, 2017 12:00am
Aluminium hits five-year high, copper descends
Exchange

Aluminium hits five-year high, copper descends

Aluminium soared to its highest in five years on Wednesday on reports that mammoth Chinese producer Chinalco was cutting output two months early and would soon pare back stocks of available metal. Concerns that an environmental crackdown by China's author
Published 21 Sep, 2017 12:00am
Palm up on overnight soyaoil strength, stronger exports
Exchange

Palm up on overnight soyaoil strength, stronger exports

Malaysian palm oil futures rose for the first time in five sessions on Wednesday, supported by rising export demand and strength in soyaoil on the Chicago Board of Trade (CBOT). The benchmark palm oil contract for December delivery on the Bursa Malaysia D
Published 21 Sep, 2017 12:00am
Oil up two percent despite US crude build; set for best Q3 since 2004

Oil up two percent despite US crude build; set for best Q3 since 2004

Oil prices settled up 2 percent on Wednesday despite a rise in US crude inventories, with the market heading for its largest third-quarter gain in 13 years after the Iraqi oil minister said Opec and its partners were considering extending or deepening out
Published 21 Sep, 2017 12:00am
Rubber drops
Exchange

Rubber drops

Benchmark Tokyo rubber futures extended losses into a fourth session on Wednesday, diving to a one-month low as a continued slide in Shanghai futures prompted fresh selling. The Tokyo Commodity Exchange (TOCOM) rubber contract for February delivery finish
Published 21 Sep, 2017 12:00am
Raw sugar rises on short-covering

Raw sugar rises on short-covering

Raw sugar futures rose on Wednesday on short-covering as a drop in prices below ethanol parity levels in Brazil warded off sellers. Arabica coffee and New York cocoa also rose. March raw sugar settled up 0.33 cent, or 2.3 percent, at 14.7 cents per lb. De
Published 21 Sep, 2017 12:00am
Gold flat in New York

Gold flat in New York

Gold was flat on Tuesday, barely budged from the prior session's two-week low, with trading lacklustre as Federal Reserve policy makers headed into a two-day meeting that financial markets will watch for clues on the outlook for US monetary tightening. Tr
Published 21 Sep, 2017 12:00am
Gold inches up in Asia

Gold inches up in Asia

Gold inched higher in range-bound trade on Wednesday as the dollar wavered, with investors cautious ahead of the outcome of a two-day Federal Reserve meeting in the United States. Spot gold had risen 0.2 percent to $1,313.50 an ounce by 0612 GMT. US gold
Published 21 Sep, 2017 12:00am
Gold steadies in European trade

Gold steadies in European trade

Gold prices were steady on Wednesday, aided by a weaker dollar ahead of a US Federal Reserve policy announcement at 1800 GMT that could signal whether it will raise interest rates for a third time this year. A threat by US President Donald Trump to "total
Published 21 Sep, 2017 12:00am
US MIDDAY: soya, corn up

US MIDDAY: soya, corn up

US soyabean futures rose on Wednesday, buoyed by strength in commodities and resurgent soya export demand, traders said. Wheat and corn followed the firm trend, with both grains rebounding after a two-session slide as the US corn harvest reached the Midwe
Published 21 Sep, 2017 12:00am
US MIDDAY: gold falls after Fed
Exchange

US MIDDAY: gold falls after Fed

Gold prices fell 1 percent on Wednesday after the US Federal Reserve left interest rates unchanged but signalled it still expected to tighten credit by year-end. Gold had been creeping higher in the minutes before the Fed released a statement about its la
Published 21 Sep, 2017 12:00am
CoAS confirms death sentences to four hardcore terrorists

CoAS confirms death sentences to four hardcore terrorists

Chief of Army Staff General Qamar Javed Bajwa on Wednesday confirmed death sentences to four hardcore terrorists involved in heinous offences related to terrorism, according to the Army's media wing. The Inter-Services Public Relations said in a statement
Published 21 Sep, 2017 12:00am
Turkish team meets additional CS

Turkish team meets additional CS

A delegation of Ministry of Culture & Tourism from Turkey called on Additional Chief Secretary (ACS) Punjab Shamail Ahmad Khawaja on Wednesday. The Turk delegation was headed by Chief Architect, Ministry of Culture & Tourism, Nermin Uzunali accompanied by
Published 21 Sep, 2017 12:00am
Linde Pakistan Limited
Mutual Funds

Linde Pakistan Limited

Linde Pakistan Limited dates back its history to 1958, when it was listed at the stock exchange as Pakistan Oxygen Limited. It was renamed as BOC Pakistan in 1995. BOC and Linde AG, Germany merged in 2006 to from the Linde Group, which rebranded BOC Pakis
Published 21 Sep, 2017 12:00am
Linde Pakistan Limited
Mutual Funds

Linde Pakistan Limited

Linde Pakistan Limited dates back its history to 1958, when it was listed at the stock exchange as Pakistan Oxygen Limited. It was renamed as BOC Pakistan in 1995. BOC and Linde AG, Germany merged in 2006 to from the Linde Group, which rebranded BOC Pakis
Published 21 Sep, 2017 12:00am
PDWP approves 15 uplift schemes in KP

PDWP approves 15 uplift schemes in KP

The Provincial Development Working Party (PDWP) held its meeting under the chairmanship of Shahab Ali Shah, the Additional Chief Secretary/Secretary P&D Department Khyber Pakhtunkhwa on Wednesday. The meeting was attended by its members and respective adm
Published 21 Sep, 2017 12:00am
Ship breakers required to pay sales tax at Rs 8,500 PMT

Ship breakers required to pay sales tax at Rs 8,500 PMT

Ship breakers are required to pay sales tax @ Rs 8,500 per metric ton (PMT) which is to be calculated @ 80% of LDT of oil tankers and gas carriers imported for breaking and @72.5% of LDT in case of other ships from July 1, 2017. In this connection, the FB
Published 21 Sep, 2017 12:00am
Ship breakers required to pay sales tax at Rs 8,500 PMT

Ship breakers required to pay sales tax at Rs 8,500 PMT

Ship breakers are required to pay sales tax @ Rs 8,500 per metric ton (PMT) which is to be calculated @ 80% of LDT of oil tankers and gas carriers imported for breaking and @72.5% of LDT in case of other ships from July 1, 2017. In this connection, the FB
Published 21 Sep, 2017 12:00am
Deputy Speaker's role: KP Assembly opposition stages walkout

Deputy Speaker's role: KP Assembly opposition stages walkout

The opposition in Khyber Pakhtunkhwa Assembly on Wednesday stage walked out of the proceedings against the biased role of Deputy Speaker Mehr Taj Roghani and ministers for opposing the referring of a question to the standing committee of the House concern
Published 21 Sep, 2017 12:00am
KP Assembly condemns violence against Rohingya Muslims

KP Assembly condemns violence against Rohingya Muslims

Khyber Pakhtunkhwa Assembly on Wednesday passed unanimous resolution condemning the persecution and ruthless killing of Rohingya Muslims in Myanmar. Through the resolution moved by Provincial Minister for Finance, Muzaffar Said Advocate, the House express
Published 21 Sep, 2017 12:00am
Imran says PML-N, PPP should oust Nawaz, Zardari

Imran says PML-N, PPP should oust Nawaz, Zardari

Chief of Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Wednesday asked Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP) to oust Nawaz Sharif and Asif Ali Zardari. Talking to media in Karachi, Imran Khan thanked Hyderabad people for war
Published 21 Sep, 2017 12:00am
Sales tax exemption

Sales tax exemption

The Federal Board of Revenue (FBR) has exempted sales tax chargeable under Islamabad Capital Territory (Tax on Services) Ordinance, 2001 on export of IT services and IT-enabled services. The FBR's budget instructions (2017-18) issued here on Wednesday rev
Published 21 Sep, 2017 12:00am
President for strong Pak-Swiss ties in trade, education

President for strong Pak-Swiss ties in trade, education

President Mamnoon Hussain on Wednesday stressed strengthening of bilateral trade between Pakistan and Switzerland and emphasised on enhancing ties in cultural and educational fields. The President said this while talking to the Ambassador-designate of Pak
Published 21 Sep, 2017 12:00am
President for strong Pak-Swiss ties in trade, education

President for strong Pak-Swiss ties in trade, education

President Mamnoon Hussain on Wednesday stressed strengthening of bilateral trade between Pakistan and Switzerland and emphasised on enhancing ties in cultural and educational fields. The President said this while talking to the Ambassador-designate of Pak
Published 21 Sep, 2017 12:00am
Professor Rashid's family donates his personal library to GCU

Professor Rashid's family donates his personal library to GCU

The family members of the late Professor M. Rashid donated his personal library and literary collections to the Government College University (GCU) Lahore at a gracefully ceremony here on Wednesday. Vice Chancellor Professor Dr Hassan Amir Shah, Dean Facu
Published 21 Sep, 2017 12:00am
Refund payments after Dar's return from abroad: FBR chief

Refund payments after Dar's return from abroad: FBR chief

Federal Board of Revenue (FBR) Chairman Tariq Pasha Wednesday stated that next phase of electronic payment of pending sales tax refunds would take place as and when finance minister would return from abroad. The chairman FBR stated this in response to a q
Published 21 Sep, 2017 12:00am
Public sector procurement management course

Public sector procurement management course

A four-day rigorous training program on public sector procurement management was conducted by LUMS in collaboration with Public procurement Regulatory Authority (PPRA) to enhance the capacity of high profile government officers. Around 35 senior governmen
Published 21 Sep, 2017 12:00am
Pakistan demonstrates sincerity to resolve Kashmir issue: minister

Pakistan demonstrates sincerity to resolve Kashmir issue: minister

Minister for Defence Khurram Dastgir has said that Pakistan has always demonstrated sincerity to resolve Kashmir issue but India has shown intransigence in this regard. Addressing the concluding ceremony of two-day conference titled 'Changing Security Sit
Published 21 Sep, 2017 12:00am
Parties can be led from London: Mushahidullah

Parties can be led from London: Mushahidullah

Senior Pakistan Muslim League-Nawaz (PML-N) leader Mushahidullah Khan said on Wednesday that in the past political parties of Pakistan have been led from London, a reference to Altaf Hussain indicating that this could be done by other parties. Speaking in
Published 21 Sep, 2017 12:00am
SBP, Standard Chartered hold seminar on 'trade-based money laundering'

SBP, Standard Chartered hold seminar on 'trade-based money laundering'

Standard Chartered Bank Pakistan, in collaboration with State Bank of Pakistan (SBP) conducted a seminar on trade-based money laundering at the Learning & Resource Centre Auditorium, SBP, Karachi attended by over 100 senior officials from across the banki
Published 21 Sep, 2017 12:00am
Nisar questions performance of Pakistan diplomats

Nisar questions performance of Pakistan diplomats

Former Interior Minister Chaudhry Nisar Ali Khan Wednesday lambasted the government's foreign policy and questioned performance of Pakistani diplomats working in foreign missions. Speaking on the floor of the National Assembly, Chaudhry Nisar Ali Khan sai
Published 21 Sep, 2017 12:00am
Gabol responds with anger to reporter's question

Gabol responds with anger to reporter's question

Pakistan Peoples Party (PPP) leader Nabeel Gabol lost his cool over reporter's question about his alleged connections with Muttahida Qaumi Movement (MQM) founder during Lyari operation. During a press conference, when Nabeel Gabol was asked by a reporter
Published 21 Sep, 2017 12:00am
Terrorism devastative for future human generations: Bilawal

Terrorism devastative for future human generations: Bilawal

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has stressed for global efforts for ensuring international peace to save future human generations from devastative effectives being posed by organized terrorism across the world. In his message on the
Published 21 Sep, 2017 12:00am
Two bone marrow transplants carried out at Lahore Children's Hospital

Two bone marrow transplants carried out at Lahore Children's Hospital

For the first time, two bone marrow transplantation procedures have been successfully carried out here at Children Hospital which is the first public sector hospital across the country offering bone marrow transplantation. Dean Children Hospital Professor
Published 21 Sep, 2017 12:00am
Shia Ulema Council appoints 15-member Muharram committee

Shia Ulema Council appoints 15-member Muharram committee

On the advice of Quaid-e-Millat Jafaria Allama Sajid Naqvi a 15-member Central Muharram-ul-Haram Committee headed by Secretary General Shia Ulema Council Allama Arif Hussain Wahidi has been formed. A press release of Shia Ulema Council said that Syed Sika
Published 21 Sep, 2017 12:00am
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