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Oct 06, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-10-29
Baidu teams up with Shouqi on driverless cars

Baidu teams up with Shouqi on driverless cars

Chinese search engine giant Baidu and Shouqi Limousine & Chauffeur, a car-hailing operator, are joining up to develop driverless vehicles, the official Xinhua media service reported on Saturday. Baidu will provide Shouqi with its Baidu Map service, while
Published 29 Oct, 2017 12:00am
Trump to announce new Fed chair 'next week'

Trump to announce new Fed chair 'next week'

US President Donald Trump said he will name the next chair of the Federal Reserve next week, a choice that could have far-reaching implications for his economic agenda. "It will be a person who hopefully will do a fantastic job," Trump said in a video pos
Published 29 Oct, 2017 12:00am
Controversy-battered Uber hires top legal officer

Controversy-battered Uber hires top legal officer

Uber on Friday said it has hired a new top legal officer as the ride-sharing star battles controversy in the workplace as well as on the streets. Tony West will begin working at San Francisco-based Uber next month, leaving a post as chief legal officer at
Published 29 Oct, 2017 12:00am
EasyJet clinches parts of Air Berlin for German expansion

EasyJet clinches parts of Air Berlin for German expansion

EasyJet has strengthened its position in Germany by agreeing to buy part of Air Berlin's operations at Berlin Tegel airport, ending uncertainty over the fate of the failed airline's remaining assets. EasyJet said late on Friday it would enter into leases
Published 29 Oct, 2017 12:00am
S&P unexpectedly raises Italy's sovereign credit rating to BBB

S&P unexpectedly raises Italy's sovereign credit rating to BBB

Credit ratings agency Standard & Poor's unexpectedly raised its sovereign rating for Italy to BBB on Friday, the first such increase by S&P for at least three decades. S&P said the rise from a previously given BBB- was justified because of Italy's strengt
Published 29 Oct, 2017 12:00am
S&P unexpectedly raises Italy's sovereign credit rating to BBB

S&P unexpectedly raises Italy's sovereign credit rating to BBB

Credit ratings agency Standard & Poor's unexpectedly raised its sovereign rating for Italy to BBB on Friday, the first such increase by S&P for at least three decades. S&P said the rise from a previously given BBB- was justified because of Italy's strengt
Published 29 Oct, 2017 12:00am
Paul Newman's watch auctioned for record $17.8 million

Paul Newman's watch auctioned for record $17.8 million

A constant beloved companion of Paul Newman for years, the late Hollywood star's Rolex has sold for $17.8 million, setting a world auction record for a wristwatch, Phillips said Friday. Given to him by his wife Joanne Woodward and lovingly inscribed while
Published 29 Oct, 2017 12:00am
German federal budget surplus could reach 14 billion euros

German federal budget surplus could reach 14 billion euros

Germany could post a budget surplus of 14 billion euros in 2017, a magazine reported Saturday, providing more negotiating room for Chancellor Angela Merkel's conservative bloc as it tries to forge a new coalition with the Free Democrats and Greens. Solid
Published 29 Oct, 2017 12:00am
Mizuho considers 30 percent cut to workforce

Mizuho considers 30 percent cut to workforce

Mizuho Financial Group Inc is considering cutting its global workforce by a third in the next decade to stem a decline in profitability due to prolonged low interest rates in Japan, a person with knowledge of the issue told Reuters on Saturday.
Published 29 Oct, 2017 12:00am
Canada pushed for Airbus deal

Canada pushed for Airbus deal

The Canadian government encouraged Bombardier to make a deal with Airbus SE for its CSeries planes to thwart a potential venture with Chinese investors, according to five sources familiar with the matter. It signaled its preference for Airbus after Bombar
Published 29 Oct, 2017 12:00am
S&P, Fitch leave UK credit rating on hold

S&P, Fitch leave UK credit rating on hold

Standard and Poor's and Fitch left their credit ratings for Britain unchanged on Friday but remained gloomy about the outlook due to the likelihood of the country reaching a bad deal in its divorce talks with the European Union. Having already stripped Br
Published 29 Oct, 2017 12:00am
Sinochem taps banks for Hong Kong IPO of oil assets

Sinochem taps banks for Hong Kong IPO of oil assets

China's Sinochem Group has tapped three banks, including Morgan Stanley, to work on the possible Hong Kong listing of its key oil assets, as it seeks to raise capital and revive the company, said four people with knowledge of the matter. Citic Securities
Published 29 Oct, 2017 12:00am
Sinochem taps banks for Hong Kong IPO of oil assets

Sinochem taps banks for Hong Kong IPO of oil assets

China's Sinochem Group has tapped three banks, including Morgan Stanley, to work on the possible Hong Kong listing of its key oil assets, as it seeks to raise capital and revive the company, said four people with knowledge of the matter. Citic Securities
Published 29 Oct, 2017 12:00am
Small mining companies shun London market after IPO flops
Exchange

Small mining companies shun London market after IPO flops

Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital, either by merging or turning to other markets such as Toronto. Six small miners have listed in Lon
Published 29 Oct, 2017 12:00am
Small mining companies shun London market after IPO flops
Exchange

Small mining companies shun London market after IPO flops

Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital, either by merging or turning to other markets such as Toronto. Six small miners have listed in Lon
Published 29 Oct, 2017 12:00am
UK watchdog revamps rules on research for stock market listings

UK watchdog revamps rules on research for stock market listings

Investors in stock market listings in Britain will get access to independent research on companies preparing to list much sooner under final rules published by the Financial Conduct Authority on Thursday. The watchdog said the changes will ensure that Bri
Published 29 Oct, 2017 12:00am
Treasuries outlook: US yields slide on Catalonia, Fed chair speculation

Treasuries outlook: US yields slide on Catalonia, Fed chair speculation

US Treasury yields fell on Friday as Catalonia's parliament declared independence from Spain and as reports emerged that President Donald Trump favoured Federal Reserve Governor Jerome Powell to lead the US central bank. The news overshadowed a report sho
Published 29 Oct, 2017 12:00am
Treasuries outlook: US yields slide on Catalonia, Fed chair speculation

Treasuries outlook: US yields slide on Catalonia, Fed chair speculation

US Treasury yields fell on Friday as Catalonia's parliament declared independence from Spain and as reports emerged that President Donald Trump favoured Federal Reserve Governor Jerome Powell to lead the US central bank. The news overshadowed a report sho
Published 29 Oct, 2017 12:00am
Russia's En+ to issue new shares for Glencore after IPO

Russia's En+ to issue new shares for Glencore after IPO

Russia's En+ Group, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, plans to issue new shares to Glencore after it completes its planned initial public offering, the IPO prospectus shows. The new share issue will be part of a tr
Published 29 Oct, 2017 12:00am
Russia's En+ to issue new shares for Glencore after IPO

Russia's En+ to issue new shares for Glencore after IPO

Russia's En+ Group, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, plans to issue new shares to Glencore after it completes its planned initial public offering, the IPO prospectus shows. The new share issue will be part of a tr
Published 29 Oct, 2017 12:00am
Energy shares boost TSX to record peak despite weak earnings
Exchange

Energy shares boost TSX to record peak despite weak earnings

Canada's benchmark stock index closed at a record high on Friday as energy shares surged alongside oil prices and as investors bet the central bank will be less aggressive in raising interest rates than previously anticipated. The Toronto stock market, wh
Published 29 Oct, 2017 12:00am
No end in sight for tech giant share gains

No end in sight for tech giant share gains

The world's biggest technology companies are only getting bigger and, for now, Wall Street analysts think there's no stopping them. After reporting their results, Amazon, Microsoft, Alphabet and Intel added nearly $140 billion to their already massive com
Published 29 Oct, 2017 12:00am
Wall Street powered higher by tech, Amazon results
Exchange

Wall Street powered higher by tech, Amazon results

Wall Street climbed on Friday as a surge in the tech sector and a rally in Amazon shares helped push the Nasdaq to its best day in nearly a year. The S&P technology index led the way higher, up 2.91 percent. The index notched its best day since March 1, 2
Published 29 Oct, 2017 12:00am
Bidding with bitcoin, a world first at Italian auction
Currency

Bidding with bitcoin, a world first at Italian auction

Italian auction house Sant'Agostino said Wednesday bidders at its next sale will be able to settle up in bitcoin, a world first according to the auctioneers. Early next week, around 600 Italian and foreign design objects, mostly pieces of furniture, will
Published 29 Oct, 2017 12:00am
Canadian dollar recovers from three-month low

Canadian dollar recovers from three-month low

The Canadian dollar edged higher against its US counterpart on Friday, recovering from an earlier three-month low, as oil rose and the market weighed prospects of Federal Reserve Governor Jerome Powell being picked to head the US central bank. US crude oi
Published 29 Oct, 2017 12:00am
Euro posts worst week in 2017 on dovish ECB, Catalonia vote
Currency

Euro posts worst week in 2017 on dovish ECB, Catalonia vote

The euro fell on Friday, marking its biggest weekly loss of the year a day after the European Central Bank decided to prolong its bond purchases and signalled its willingness to stick with an ultra-loose policy stance. The tension between Madrid and Catal
Published 29 Oct, 2017 12:00am
MSCI keeps Nigeria in frontier indexes, no longer under review
Exchange

MSCI keeps Nigeria in frontier indexes, no longer under review

Index provider MSCI said Nigerian stocks will remain part of its frontier indexes and are no longer under review for a possible demotion - a status which the securities had been under since September 2016 after the government introduced capital controls.
Published 29 Oct, 2017 12:00am
Dollar net shorts fall to lowest since August
Currency

Dollar net shorts fall to lowest since August

Speculators' net short bets on the US dollar fell to their smallest in nearly three months, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the dollar's net short position was $8.02 billi
Published 29 Oct, 2017 12:00am
Latin American currencies up on hopes of dovish Fed chair

Latin American currencies up on hopes of dovish Fed chair

Most Latin American currencies strengthened on Thursday on a report that US President Donald Trump was leaning toward Federal Reserve Governor Jerome Powell as his pick to head the US central bank. The report, published by Bloomberg News, fostered expecta
Published 29 Oct, 2017 12:00am
West African bloc's 2020 single currency goal fails
Currency

West African bloc's 2020 single currency goal fails

The 15-nation West African bloc ECOWAS told regional leaders Tuesday that the goal of establishing a single currency among their economies in 2020 had failed. "The roadmap has not been implemented vigorously," Marcel de Souza, president of the ECOWAS Comm
Published 29 Oct, 2017 12:00am
Federer into 13th Basel final, faces del Potro again

Federer into 13th Basel final, faces del Potro again

Roger Federer and Juan Martin del Potro crushed opponents in quick-fire wins on Saturday to set up their third final in six years at the Swiss Indoors. Top seed Federer, bidding for a record eighth title at his hometown event, was merciless with third see
Published 29 Oct, 2017 12:00am
Celtic in 62-match unbeaten run

Celtic in 62-match unbeaten run

Celtic's lead at the top of the Scottish Premiership has been cut to one point after they were held to a 1-1 draw by Kilmarnock on the day they equalled a 100 year old UK record. With Tuesday's Champions League match against Bayern Munich looming, Brendan
Published 29 Oct, 2017 12:00am
England beat Spain in U-17 Football World Cup final

England beat Spain in U-17 Football World Cup final

Manchester City starlet Phil Foden scored twice as England came from behind to crush Spain 5-2 in the Under 17 World Cup final on Sunday. Victory added to England's growing list of youth honours - they have won the Under 20 World Cup and European Under 19
Published 29 Oct, 2017 12:00am
KP Premier Cricket League begins

KP Premier Cricket League begins

Khyber Pakhtunkhwa Premier Cricket League will be starting here at Arbab Niaz Cricket Stadium from today (Sunday). Talking to media Organizing Secretary, Syed Mumtazir Shah told that District Nazim Arbab Muhammad Asim will grace the occasion as chief gues
Published 29 Oct, 2017 12:00am
Fazal Mehmood Inter-Club Cricket from November 10

Fazal Mehmood Inter-Club Cricket from November 10

Fazal Mehmood National Inter-Club Cricket Championship under the aegis of Pakistan Cricket Board will be organized from November 10 to 20 here at Gymkhana ground. This was stated by President Peshawar District Cricket Association Asghar Ali Khan here Satu
Published 29 Oct, 2017 12:00am
Rwanda gets first cricket stadium

Rwanda gets first cricket stadium

Rwanda's first cricket stadium was inaugurated Saturday by President Paul Kagame as a permanent home for developing the sport in the country. Gahanga Cricket Stadium in the capital Kigali is built on a 4.5 hectare (11 acre) ground and cost $1.3 million (1
Published 29 Oct, 2017 12:00am
Aguero kept waiting as Man City maintain lead

Aguero kept waiting as Man City maintain lead

Sergio Aguero was left waiting to become Manchester City's outright all-time leading goal-scorer as his side remained five points clear at the top of the Premier League table on Saturday. Aguero was named on the bench as City saw off West Bromwich Albion
Published 29 Oct, 2017 12:00am
Venus, Wozniacki set for WTA season-end final

Venus, Wozniacki set for WTA season-end final

Ageless Venus Williams continued her remarkable renaissance with a three-set semi-final victory over Caroline Garcia to set up a mouthwatering WTA Finals decider with in-form Caroline Wozniacki. Williams, 37, came from a set down to triumph 6-7 (7/3), 6-2
Published 29 Oct, 2017 12:00am
Faheem Ashraf hat-trick, Shadab's last-over six seal Pakistan win

Faheem Ashraf hat-trick, Shadab's last-over six seal Pakistan win

All-rounder Shadab Khan hit a last over six to give Pakistan a sensational two-wicket win in the second Twenty20 international against Sri Lanka in Abu Dhabi on Friday. Needing 12 off the final over, and eight from the last three balls, Shadab smashed Sri
Published 29 Oct, 2017 12:00am
Hopes dashed for giant new Antarctic marine sanctuary

Hopes dashed for giant new Antarctic marine sanctuary

Hopes for a vast new marine sanctuary in pristine East Antarctica were dashed Saturday after a key conservation summit failed to reach agreement, with advocates urging "greater vision and ambition". Expectations were high ahead of the annual meeting of th
Published 29 Oct, 2017 12:00am
After political scandals, Icelanders head back to polls

After political scandals, Icelanders head back to polls

Icelanders were voting Saturday in the second snap election in a year marked by deep distrust in the scandal-hit political class despite a thriving economy bolstered by booming tourism. Prime Minister Bjarni Benediktsson of the conservative Independence P
Published 29 Oct, 2017 12:00am
Typhoon Saola brings heavy rain in Japan

Typhoon Saola brings heavy rain in Japan

Typhoon Saola barrelled towards Japan's southernmost Okinawa island chain on Saturday bringing heavy rain as authorities issued a warning for strong winds and landslides. The storm came less than a week after Typhoon Lan left five dead, one missing and sc
Published 29 Oct, 2017 12:00am
US soldier killed in Afghan helicopter crash

US soldier killed in Afghan helicopter crash

A US soldier died after the helicopter they were in crashed in Afghanistan, foreign forces said Saturday, denying Taliban claims that it had shot down the aircraft. Six other US crew members were injured in the accident late Friday in Logar province, sout
Published 29 Oct, 2017 12:00am
At UN, France battles US over backing Sahel force

At UN, France battles US over backing Sahel force

France is facing a tough diplomatic battle to convince the United States to lend UN support to a counter-terrorism force for Africa's Sahel region, where insurgents have killed UN peacekeepers and US soldiers. French Foreign Minister Jean-Yves Le Drian wi
Published 29 Oct, 2017 12:00am
Kenya in limbo as incomplete election keeps tensions high

Kenya in limbo as incomplete election keeps tensions high

Kenya was stuck in limbo Saturday as a repeat election remained on hold in flashpoint opposition areas, while some picked up the pieces from violent protests that have claimed nine lives. There was little doubt that President Uhuru Kenyatta would win by a
Published 29 Oct, 2017 12:00am
At least 31 dead in central Nepal bus accident

At least 31 dead in central Nepal bus accident

At least 31 people, including 11 children, died when an overcrowded bus swerved off the road and plunged into a river in central Nepal on Saturday, police said. The bus skidded off the road in Dhading district, approximately 80 kilometres (50 miles) west
Published 29 Oct, 2017 12:00am
Myanmar detains Turkish media reporters for flying drone over capital

Myanmar detains Turkish media reporters for flying drone over capital

Two foreign journalists working for Turkish state media have been detained for more than 24 hours in Myanmar for flying a drone over a parliament building in the capital, the government said Saturday. The incident comes during high tension between Myanmar
Published 29 Oct, 2017 12:00am
Humanitarian conditions in Yemen 'shocking': UN aid chief

Humanitarian conditions in Yemen 'shocking': UN aid chief

UN aid chief Mark Lowcock on Saturday voiced alarm at the "shocking" humanitarian conditions in conflict-hit Yemen and called on warring parties to respect international law. Concluding a five-day mission, his first to Yemen, the UN head of humanitarian a
Published 29 Oct, 2017 12:00am
Suicide bomber kills three at Iraq funeral

Suicide bomber kills three at Iraq funeral

A suicide bomber killed at least three people on Saturday at the funeral of an anti-jihadist Sunni fighter in Iraq, security and medical sources said. The bomber struck as condolences were being given at the funeral of the fighter from tribal paramilitari
Published 29 Oct, 2017 12:00am
Canada pauses military assistance to Iraqi troops
Exchange

Canada pauses military assistance to Iraqi troops

Canadian special forces have temporarily suspended military assistance to Iraqi troops due to tensions between the Middle Eastern country's military and Kurdish fighters, the defense ministry said Friday. Cooperation will resume "once more clarity exists
Published 29 Oct, 2017 12:00am
Myanmar government to harvest fields abandoned by Rohingya

Myanmar government to harvest fields abandoned by Rohingya

Myanmar's government will harvest rice from abandoned farmland in violence-scorched northern Rakhine, state media said Saturday, a move likely to raise concerns about the prospect of return for more than half a million Rohingya who have fled communal unre
Published 29 Oct, 2017 12:00am
Mattis warns 'massive' response to North Korea nuclear weapon use

Mattis warns 'massive' response to North Korea nuclear weapon use

US Secretary of Defense Jim Mattis on Saturday warned North Korea of a "massive military response" to any use of nuclear weapons as tensions remain sky-high ahead of Donald Trump's visit to South Korea. Pyongyang in recent months has sparked global alarm
Published 29 Oct, 2017 12:00am
Australian PM puts foreign minister in charge amid government crisis

Australian PM puts foreign minister in charge amid government crisis

Australian Prime Minister Malcolm Turnbull on Saturday appointed his foreign minister as acting prime minister as he tried to stem the fallout of a citizenship crisis that has cost his government its parliamentary majority. Turnbull delayed until Monday a
Published 29 Oct, 2017 12:00am
At least three dead in Mogadishu car bombings

At least three dead in Mogadishu car bombings

At least three people were killed in twin car bombings in the Somali capital on Saturday that were claimed by Shabaab Islamists, police and medics said. Following the blasts, witnesses reported hearing gunfire and said the entire area around the Nasa Habl
Published 29 Oct, 2017 12:00am
Daughter of jailed Vietnamese blogger calls on Melania Trump for help

Daughter of jailed Vietnamese blogger calls on Melania Trump for help

The 10-year-old daughter of Vietnamese dissident blogger "Mother Mushroom" has written a letter calling on the US First Lady to push for her mother's release from prison ahead of President Donald Trump's visit to the communist nation next month. The girl'
Published 29 Oct, 2017 12:00am
Tanzania deports three South Africans

Tanzania deports three South Africans

Tanzania has deported three South African lawyers arrested last week for "promoting homosexuality", their organisation said in a statement. The Initiative for Strategic Litigation (ISLA) in Africa said that the three had been "deported earlier this evenin
Published 29 Oct, 2017 12:00am
British Navy fires nine sailors from nuclear submarine

British Navy fires nine sailors from nuclear submarine

Nine British sailors assigned to a nuclear submarine have been discharged from the Royal Navy after failing compulsory drug tests, Britain's ministry of defence has confirmed. The service personnel, stationed aboard HMS Vigilant - one of four Royal Navy s
Published 29 Oct, 2017 12:00am
Britain calls for UN sanctions on Syria over sarin attack

Britain calls for UN sanctions on Syria over sarin attack

Britain on Friday urged the United Nations Security Council to impose sanctions on Syria after a UN-led investigation found that government forces were responsible for the sarin gas attack on Khan Sheikhun. A joint UN-Organisation for the Prohibition of C
Published 29 Oct, 2017 12:00am
The ghost of copper past haunts LME's party week
Exchange

The ghost of copper past haunts LME's party week

Everyone loves a bull market. Expect a sunny mood at London Metal Exchange Week, the annual global metals industry gathering, even if the city's weather next week doesn't oblige with actual sunshine. The LME price index for six base metals has risen by 24
Published 29 Oct, 2017 12:00am
Australia signs deal to export new-crop wheat, season kicks off at last

Australia signs deal to export new-crop wheat, season kicks off at last

Suppliers of Australian wheat have signed one of the first deals to export the crop due to be harvested in the next couple of months, helping kick off this year's export programme after more than three months of delay. The contract to supply Vietnam with
Published 29 Oct, 2017 12:00am
Long road ahead for US grain shippers amid so-so demand

Long road ahead for US grain shippers amid so-so demand

October and November are usually the busiest months for grain and oilseed exports in the United States. But the ports are not as busy as they were a year ago, reflective of large global supply, and US shippers face a big challenge if they are to meet annu
Published 29 Oct, 2017 12:00am
Cotton settles unchanged, up 2 percent for the week
Cotton

Cotton settles unchanged, up 2 percent for the week

ICE cotton futures settled flat after trading in a tight range on Friday, but prices for the natural fiber scored their biggest weekly percentage gain in seven weeks. Cotton contracts for December settled up 0.01 cent, or 0.01 percent, at 68.2 cents per l
Published 29 Oct, 2017 12:00am
Cut in Argentine export tax to stop soya area shrinkage
Exchange

Cut in Argentine export tax to stop soya area shrinkage

A decline in Argentine soya planting area should stop next year, when the government plans to start cutting its 30 percent tax on exports of the crop, the country's two main grain exchanges said this week. Just after taking office in late 2015, President
Published 29 Oct, 2017 12:00am
Egypt to issue guidelines to tackle wheat import problems

Egypt to issue guidelines to tackle wheat import problems

Egypt will issue a streamlined guide on wheat imports within two weeks that will detail all specifications, procedures, and regulations for traders selling to the world's largest buyer, Supply Minister Ali Moselhy told Reuters on Wednesday. Egypt is looki
Published 29 Oct, 2017 12:00am
Spot Brazilian coffee supplies tighten on shipping cuts
Currency

Spot Brazilian coffee supplies tighten on shipping cuts

Supplies of prompt Brazilian coffee have tightened in the United States and Europe as importers say some shipping companies are cutting container availability from the world's biggest grower. Brazilian coffee exporters warned importers that some shippers
Published 29 Oct, 2017 12:00am
Gold seen flatlining next year, silver forecasts cut again
Currency

Gold seen flatlining next year, silver forecasts cut again

Gold is likely to flatline for another year in 2018 as rising US interest rates clip momentum, a Reuters poll showed on Thursday, while silver forecasts were cut again after the metal lagged forecasts in the third quarter. A poll of 34 analysts and trader
Published 29 Oct, 2017 12:00am
Prices of essential kitchen items witness decline

Prices of essential kitchen items witness decline

Prices of essential kitchen items witnessed a decline in the past week compared to preceding week, revealed a survey conducted by Business Recorder on Saturday. According to the survey details, prices of most of the vegetables including onions, tom
Published 29 Oct, 2017 12:00am
Pak-Tunisia PTA to be signed soon: envoy
Cotton

Pak-Tunisia PTA to be signed soon: envoy

Ambassador of Tunisia, Adel Elarbi on Saturday said that Pakistan and Tunisia were negotiating for a Preferential Trade Agreement (PTA) that would hopefully be signed this year and it would unleash huge opportunities for improving bilateral trade between
Published 29 Oct, 2017 12:00am
Petroleum prices may shoot up by Rs 1 to 2 a litre

Petroleum prices may shoot up by Rs 1 to 2 a litre

Rising crude oil price in a week in global markets might prompt Pakistani government to increase prices of domestic petroleum products by Rs 1 to 2.50 per liter from November 1. The crude oil price during the outgoing week has increased by more than USD 2
Published 29 Oct, 2017 12:00am
Imran vows to make rich people accountable

Imran vows to make rich people accountable

Chairman of Pakistan Tehreek-e-Insaf (PTI), Imran Khan said on Saturday that he will hold the rich accountable and make them abide by law if given power. Addressing to a rally in home ground Saturday, Imran Khan said that one of the Sharif brothers has be
Published 29 Oct, 2017 12:00am
Italy agrees to grant duty free access to Pakistani products

Italy agrees to grant duty free access to Pakistani products

Italy has agreed to grant duty free access to Pakistani products for stimulating an impressive growth in bilateral trade. In a statement Ministry of Commerce has said that this was agreed during two days visit of Secretary Commerce Muhammad Younas Dhaga t
Published 29 Oct, 2017 12:00am
Government's move of increasing RD on sanitary items flayed

Government's move of increasing RD on sanitary items flayed

The government's fresh move to increase regulatory duty by 20 percent to 45 percent on import of tiles and sanitary items is widely feared to trigger mass unemployment and affect around 10,000 traders. "The government enhanced the regulatory duty on tiles
Published 29 Oct, 2017 12:00am
Refugees from Myanmar pose a big challenge to Bangladesh: HC

Refugees from Myanmar pose a big challenge to Bangladesh: HC

Bangladesh is facing massive burden of over a million refugees entering from Myanmar border and the international community should come forward to resolve this issue. This was stated by the High Commissioner of Bangladesh while speaking at an event organi
Updated 30 Oct, 2017 07:14am
Doctors must not forget their oath while planning strike: Rajwana

Doctors must not forget their oath while planning strike: Rajwana

Governor Punjab Malik Muhammad Rafiq Rajwana has said that raising voice for the solution of problems is a right of doctors however they should not forget their oath while going on strike because if any life lost during their strike in the hospitals they
Published 29 Oct, 2017 12:00am
Rs 19 billion uplift plan for villages chalked out: Shahbaz

Rs 19 billion uplift plan for villages chalked out: Shahbaz

The Punjab government will launch cleanliness and development programme for villages at a cost of Rs 19 billion. Punjab Chief Minister Shahbaz Sharif gave the final nod for the project during a meeting held here on Saturday. The sanitation and development
Published 29 Oct, 2017 12:00am
All set to re-conduct MDCAT today

All set to re-conduct MDCAT today

The University of Health Sciences (UHS) is all set to conduct the Medical and Dental Colleges' Admission Test (MDCAT) on Sunday (today). The test conducted earlier on August 20 was cancelled by the government after a high level inquiry found evidence of l
Published 29 Oct, 2017 12:00am
CM felicitates Erdogan on Turkish National Day

CM felicitates Erdogan on Turkish National Day

Punjab Chief Minister Shahbaz Sharif congratulated Turkish President Recep Tayyip Erdogan, Prime Minister Binali Yildrim and Turkish nation on the national day of Turkey. In his message, he said that people of Turkey and Pakistan are tied in the historic
Published 29 Oct, 2017 12:00am
Dual standards of justice must come to an end: ex-PM

Dual standards of justice must come to an end: ex-PM

Former Prime Minister Raja Pervaiz Ashraf on Saturday said that criteria of justice should be equal for all, those who are facing huge corruption allegations are free from accountability. Speaking outside an accountability court after hearing of illegal a
Published 29 Oct, 2017 12:00am
Over 125 million suffer from psoriasis worldwide

Over 125 million suffer from psoriasis worldwide

As the world marks the international psoriasis day, more than 125 million people worldwide are affected with this chronic inflammatory skin disease, said leading dermatologists. "There is a need to increase awareness about the effect this disease has on p
Published 29 Oct, 2017 12:00am
Asad Umar for uniform energy prices

Asad Umar for uniform energy prices

Chairman Standing Committee on Industry and Production in the National Assembly Asad Umar has criticised discrimination on energy input for the textile industry, saying that a unified energy price should be available across the country. "Under Article 158
Published 29 Oct, 2017 12:00am
OPC emerges as effective platform

OPC emerges as effective platform

The Commissioner of Overseas Pakistanis Commission (OPC) Punjab, Afzaal Bhatti has said that OPC has emerged as an effective platform to help and facilitate the Overseas Pakistanis. OPC is working on fast track basis and half of the received complaints ha
Published 29 Oct, 2017 12:00am
Nawaz's disqualification SCBA challenges provisions of Election Act 2017

Nawaz's disqualification SCBA challenges provisions of Election Act 2017

The Supreme Court Bar Association (SCBA) has challenged provisions of the Election Act 2017 that paved way for Nawaz Sharif to head his political party despite his disqualification. The petitioner Aftab Ahmad Bajwa also assailed election of Nawaz Sharif a
Published 29 Oct, 2017 12:00am
LCCI chief urges government to withdraw RD

LCCI chief urges government to withdraw RD

President of the Lahore Chamber of Commerce and Industry Malik Tahir Javaid has once again called for total withdrawal of regulatory duty regime. According to the LCCI spokesman, while talking to the parliamentarians in a meeting at the National Assembly,
Published 29 Oct, 2017 12:00am
Politicians laud FPCCI for organising PITF 2017

Politicians laud FPCCI for organising PITF 2017

Politicians have appreciated efforts of Federal of Pakistan Chamber of Commerce and Industry (FPCCI) for arranging an international exhibition-Pakistan International Trade Fair (PITF 2017) and said that this will help to promote local products.
Published 29 Oct, 2017 12:00am
Tharparkar will become a prosperous region of Sindh: Zubair

Tharparkar will become a prosperous region of Sindh: Zubair

Tharparkar will be known as a flourishing, prosperous region of Sindh because Thar Coal project is Pakistan's introduction to a bright, energy-affluent future. The project work being done in Thar Block II is of international standards. No other instance o
Published 29 Oct, 2017 12:00am
METRO joins hands with WFP

METRO joins hands with WFP

Metro Cash & Carry Pakistan (METRO) has join hands with World Food Programme (WFP), as part of their global partnership with the United Nations agency mandated to combat hunger around the world.
Published 29 Oct, 2017 12:00am
No room for militancy, terrorism in MQM-P: Sattar

No room for militancy, terrorism in MQM-P: Sattar

Muttahida Qaumi Movement-Pakistan chief Farooq Sattar on Saturday said that his party has no space for militancy and terrorism and is the cleanest Mohajir party. Addressing media persons, Sattar said that action against Hammad Siddiqui, prime accused in B
Published 29 Oct, 2017 12:00am
Hate speech: ATC issues arrest warrants for MQM founder

Hate speech: ATC issues arrest warrants for MQM founder

An anti-terrorism court once again issued non-bailable arrest warrants for Muttahida Qaumi Movement founder and other absconders in a case pertaining to the incendiary speech by the founder on August 22 and the violence that followed on the day in the cit
Published 29 Oct, 2017 12:00am
SKC introduces new concept to cosmetic industry

SKC introduces new concept to cosmetic industry

Signature Skin Care (SKC) has introduced a new concept to the cosmetic industry offering a one stop cosmetic shop which takes care of all cosmetic needs including skin, face, hair, dental and body resulting in a more confident and a more refined version.
Published 29 Oct, 2017 12:00am
AMTF chief urges people to donate blood

AMTF chief urges people to donate blood

Executive Director of Afzaal Memorial Thalassemia Foundation (AMTF), Ateeq Ur Rehman has urged general public to donate blood generally to save life of Thalassemia patients. Speaking at blood donation camp held in collaboration with community welfare soci
Published 29 Oct, 2017 12:00am
Bid to smuggle drugs to UAE foiled
Cotton

Bid to smuggle drugs to UAE foiled

Model Customs Collectorate (MCC), Exports claimed on Saturday to have foiled an attempt to send substantial quantity of psychotropic drugs to UAE under the guise of fabric consignment. Speaking at a press conference held at Customs House, Collector Export
Published 29 Oct, 2017 12:00am
Sindh cabinet decides to replace IGP Khowaja with grade 22 officer

Sindh cabinet decides to replace IGP Khowaja with grade 22 officer

The Sindh cabinet on Saturday decided to approach the federal government for the posting of a Grade B-22 officer as the province's inspector general of police of the province, in place of the incumbent who is a grade B-21 officer. The meeting, held under
Published 29 Oct, 2017 12:00am
More witnesses record statements in Mashal's murder case

More witnesses record statements in Mashal's murder case

Two more witnesses recorded their statements in the Mashal Khan murder case on Saturday during the hearing of the case. The hearing took place in an anti-terrorism court at central jail Haripur. Justice Subhan Khan conducted the hearing. The hearing for t
Published 29 Oct, 2017 12:00am
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