AIRLINK 159.45 Increased By ▲ 4.49 (2.9%)
BOP 10.06 Increased By ▲ 0.15 (1.51%)
CNERGY 7.85 Increased By ▲ 0.48 (6.51%)
CPHL 83.56 Increased By ▲ 0.65 (0.78%)
FCCL 48.54 Increased By ▲ 0.68 (1.42%)
FFL 15.07 Increased By ▲ 0.39 (2.66%)
FLYNG 49.46 Increased By ▲ 4.50 (10.01%)
HUBC 141.41 Increased By ▲ 3.44 (2.49%)
HUMNL 12.74 Decreased By ▼ -0.13 (-1.01%)
KEL 4.45 Increased By ▲ 0.16 (3.73%)
KOSM 5.34 Increased By ▲ 0.18 (3.49%)
MLCF 76.36 Increased By ▲ 1.05 (1.39%)
OGDC 213.73 Increased By ▲ 1.06 (0.5%)
PACE 5.33 Increased By ▲ 0.18 (3.5%)
PAEL 46.96 Increased By ▲ 0.83 (1.8%)
PIAHCLA 17.24 Increased By ▲ 0.96 (5.9%)
PIBTL 8.85 Increased By ▲ 0.28 (3.27%)
POWER 15.09 Decreased By ▼ -0.09 (-0.59%)
PPL 173.25 Increased By ▲ 3.34 (1.97%)
PRL 33.82 Increased By ▲ 2.68 (8.61%)
PTC 22.06 Increased By ▲ 2.01 (10.02%)
SEARL 84.13 Increased By ▲ 0.36 (0.43%)
SSGC 36.98 Increased By ▲ 0.91 (2.52%)
SYM 15.51 Increased By ▲ 0.61 (4.09%)
TELE 7.56 Increased By ▲ 0.35 (4.85%)
TPLP 8.56 Increased By ▲ 0.14 (1.66%)
TRG 65.19 Decreased By ▼ -1.01 (-1.53%)
WAVESAPP 9.25 Increased By ▲ 0.30 (3.35%)
WTL 1.28 Increased By ▲ 0.03 (2.4%)
YOUW 3.68 Increased By ▲ 0.08 (2.22%)
AIRLINK 159.45 Increased By ▲ 4.49 (2.9%)
BOP 10.06 Increased By ▲ 0.15 (1.51%)
CNERGY 7.85 Increased By ▲ 0.48 (6.51%)
CPHL 83.56 Increased By ▲ 0.65 (0.78%)
FCCL 48.54 Increased By ▲ 0.68 (1.42%)
FFL 15.07 Increased By ▲ 0.39 (2.66%)
FLYNG 49.46 Increased By ▲ 4.50 (10.01%)
HUBC 141.41 Increased By ▲ 3.44 (2.49%)
HUMNL 12.74 Decreased By ▼ -0.13 (-1.01%)
KEL 4.45 Increased By ▲ 0.16 (3.73%)
KOSM 5.34 Increased By ▲ 0.18 (3.49%)
MLCF 76.36 Increased By ▲ 1.05 (1.39%)
OGDC 213.73 Increased By ▲ 1.06 (0.5%)
PACE 5.33 Increased By ▲ 0.18 (3.5%)
PAEL 46.96 Increased By ▲ 0.83 (1.8%)
PIAHCLA 17.24 Increased By ▲ 0.96 (5.9%)
PIBTL 8.85 Increased By ▲ 0.28 (3.27%)
POWER 15.09 Decreased By ▼ -0.09 (-0.59%)
PPL 173.25 Increased By ▲ 3.34 (1.97%)
PRL 33.82 Increased By ▲ 2.68 (8.61%)
PTC 22.06 Increased By ▲ 2.01 (10.02%)
SEARL 84.13 Increased By ▲ 0.36 (0.43%)
SSGC 36.98 Increased By ▲ 0.91 (2.52%)
SYM 15.51 Increased By ▲ 0.61 (4.09%)
TELE 7.56 Increased By ▲ 0.35 (4.85%)
TPLP 8.56 Increased By ▲ 0.14 (1.66%)
TRG 65.19 Decreased By ▼ -1.01 (-1.53%)
WAVESAPP 9.25 Increased By ▲ 0.30 (3.35%)
WTL 1.28 Increased By ▲ 0.03 (2.4%)
YOUW 3.68 Increased By ▲ 0.08 (2.22%)
BR100 12,888 Increased By 217.2 (1.71%)
BR30 38,116 Increased By 748.7 (2%)
KSE100 119,962 Increased By 1425.4 (1.2%)
KSE30 36,773 Increased By 479.3 (1.32%)
Print - 2017-10-30
Ghulam Ali may contest for FPCCI's top slot

Ghulam Ali may contest for FPCCI's top slot

Former Senator Haji Ghulam Ali is likely to once again join race to contest election for the top slot of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI). Former president of FPCCI, Haji Ghulam Ali, a candidate of the Businessman Panel
Published 30 Oct, 2017 12:00am
Saudi Arabia accuses Iran of blocking Yemen peace

Saudi Arabia accuses Iran of blocking Yemen peace

Saudi Arabia on Sunday accused Iran of blocking peace efforts in Yemen, slamming its political arch-rival over its support for rebels which Saudi-led forces are battling in Yemen. Saudi Foreign Minister Adel al-Jubeir accused Tehran of smuggling arms to Y
Published 30 Oct, 2017 12:00am
Deputy Mayor Vohra joins PSP

Deputy Mayor Vohra joins PSP

Deputy Mayor Karachi Dr Arshad Abdullah Vohra on Sunday parted ways with the Muttahida Qaumi Movement-Pakistan (MQM-P) and joined Mustafa Kamal-led Pak Sarzameen Party (PSP). Vohra made this announcement at the PSP headquarters Pakistan House where PSP pr
Published 30 Oct, 2017 12:00am
Deputy Mayor Vohra joins PSP

Deputy Mayor Vohra joins PSP

Deputy Mayor Karachi Dr Arshad Abdullah Vohra on Sunday parted ways with the Muttahida Qaumi Movement-Pakistan (MQM-P) and joined Mustafa Kamal-led Pak Sarzameen Party (PSP). Vohra made this announcement at the PSP headquarters Pakistan House where PSP pr
Published 30 Oct, 2017 12:00am
Kurdish leader Barzani resigns after independence vote backfires

Kurdish leader Barzani resigns after independence vote backfires

Iraqi Kurdish leader Masoud Barzani said he would give up his position as president on November 1, after an independence referendum he championed backfired and triggered a regional crisis. There was high drama at the Kurdish parliament, which was stormed
Published 30 Oct, 2017 12:00am
Kurdish leader Barzani resigns after independence vote backfires

Kurdish leader Barzani resigns after independence vote backfires

Iraqi Kurdish leader Masoud Barzani said he would give up his position as president on November 1, after an independence referendum he championed backfired and triggered a regional crisis. There was high drama at the Kurdish parliament, which was stormed
Published 30 Oct, 2017 12:00am
India formally starts exports to Afghanistan via Chabahar

India formally starts exports to Afghanistan via Chabahar

India on Sunday formally started exports to Afghanistan via Chabahar port in Iran by flagging off the first shipment of 1.1 million tons of wheat to Afghanistan. The Ministry of External Affairs of India in a statement said "External Affairs Minister Sush
Published 30 Oct, 2017 12:00am
India formally starts exports to Afghanistan via Chabahar

India formally starts exports to Afghanistan via Chabahar

India on Sunday formally started exports to Afghanistan via Chabahar port in Iran by flagging off the first shipment of 1.1 million tons of wheat to Afghanistan. The Ministry of External Affairs of India in a statement said "External Affairs Minister Sush
Published 30 Oct, 2017 12:00am
India formally starts exports to Afghanistan via Chabahar

India formally starts exports to Afghanistan via Chabahar

India on Sunday formally started exports to Afghanistan via Chabahar port in Iran by flagging off the first shipment of 1.1 million tons of wheat to Afghanistan. The Ministry of External Affairs of India in a statement said "External Affairs Minister Sush
Published 30 Oct, 2017 12:00am
In debt we trust
Currency

In debt we trust

Contrary to the advice of addressing structural problems in the external sector, the government continues to plan for additional borrowings to finance the external sector deficit in order to maintain foreign exchange reserves at a reasonable level. Accord
Published 30 Oct, 2017 12:00am
Escalating LoC violations

Escalating LoC violations

India continues to ratchet up tensions along the Line of Control (LoC) and the Working Boundary (WB). In the latest act of provocation on Friday, its spy drone intruded into the Rakhchikri sector in AJK's Poonch and Haveli districts, where it was shot dow
Published 30 Oct, 2017 12:00am
Revenue versus expenditure

Revenue versus expenditure

One of the biggest achievements claimed by Federal Finance Minister Ishaq Dar during his ongoing tenure is that he raised collections by the Federal Board of Revenue (FBR) from 1945 billion rupees in the revised estimates of 2011-12 the last full year of
Published 30 Oct, 2017 12:00am
Japan Inc's safety failures point to deeper malaise

Japan Inc's safety failures point to deeper malaise

A series of safety scandals at Japanese companies have put the country's lionized factory floor under scrutiny as manufacturers struggle with increased pressure on costs, stricter enforcement of standards and growing competition. With margins squeezed by
Published 30 Oct, 2017 12:00am
Poor legal defence the spotlight in death penalty case before the US SC

Poor legal defence the spotlight in death penalty case before the US SC

The US Supreme Court hears arguments Monday in a death penalty case that focuses on a key inequity in the US legal system: the fairness of condemning to death someone who has had a poor legal defence. The death penalty in the US is imposed "not for the wo
Published 30 Oct, 2017 12:00am
Is there any solution?

Is there any solution?

This is apropos a Business Recorder editorial "Imran's agitation threat" carried by the newspaper recently. The newspaper argued, inter alia, that "...if the powers that be are at all considering some compromise formula that would facilitate resusc
Updated 03 Nov, 2017 01:37pm
Expo Pakistan to begin on November 9

Expo Pakistan to begin on November 9

Trade Development Authority of Pakistan (TDAP) is finalizing necessary arrangements for holding four day mega event of 10th Expo-Pakistan at Karachi in November. Sources in TDAP told Business Recorder on Sunday that Expo Pakistan is the biggest tra
Published 30 Oct, 2017 12:00am
Prices of essential commodities remain unchanged

Prices of essential commodities remain unchanged

Prices of essential food commodities have remained unchanged in retail market, according to survey conducted by Business Recorder here on Sunday. Traders in provincial capital have attributed that the prices have continued to soar due to low supply
Published 30 Oct, 2017 12:00am
Earthquake jolts northern Pakistan, Afghan mountain range

Earthquake jolts northern Pakistan, Afghan mountain range

An earthquake has struck the Hindu Kush mountain range in Afghanistan and was strongly felt in northern Pakistan. The US Geological Survey said the quake had a magnitude of 5.2, while Pakistan's meteorological department said it was magnitude 5.9 with its
Published 30 Oct, 2017 12:00am
Over 65,000 candidates appear in MDCAT

Over 65,000 candidates appear in MDCAT

As many as 65,155 candidates including 41,563 female and 23,592 male, reappeared in Medical and Dental Colleges' admission test (MDCAT) which was re-conducted by the University of Health Sciences (UHS) on Sunday. The Punjab government announced the re-con
Published 30 Oct, 2017 12:00am
Khatam-e-Nabuwat declaration: clerics agree to meet minister

Khatam-e-Nabuwat declaration: clerics agree to meet minister

The negotiations between government and a group of religious clerics, staging a sit-in on Jinnah Avenue against omission of Khatam-e-Nabuwat [finality of prophet-hood] declaration in Election Bill 2017, could not bear any fruit despite passage of four day
Published 30 Oct, 2017 12:00am
Three blood banks sealed

Three blood banks sealed

On the directions of Health Minister Khawaja Salman Rafique, Secretary Punjab Blood Transfusion Authority (BTA) Dr Ather, in raid at various blood units in Gujranwala, recovered a large number of poor quality blood bags and screening kits. Three blood uni
Published 30 Oct, 2017 12:00am
Hollow promises cannot bring any change: Shahbaz

Hollow promises cannot bring any change: Shahbaz

Punjab Chief Minister Muhammad Shehbaz Sharif has said that PML-N is the name of an ideology and public service which has selflessly served people for last four years as change cannot be brought by hallow slogans. "It is our agenda to bring betterment in
Published 30 Oct, 2017 12:00am
Opposition parties urged not to oppose LNG project

Opposition parties urged not to oppose LNG project

Chairman FPCCI Regional Committee on Industries and former President ICCI Atif Ikram Sheikh has urged the opposition parties not to make projects of national importance controversial to gain political mileage as the tendency to compromise important projec
Published 30 Oct, 2017 12:00am
KP NAB authorizes inquiry against DC Shangla and others

KP NAB authorizes inquiry against DC Shangla and others

The Regional Board Meeting (RBM) of National Accountability Bureau (NAB) Khyber Pakhtunkhwa has authorized several inquiries and approved filing of two references in Accountability Court. The meeting RBM held here with Brigadier Farooq Naser Awan (R), Dir
Published 30 Oct, 2017 12:00am
Shah accuses Imran of insulting institutions

Shah accuses Imran of insulting institutions

Opposition Leader in the National Assembly Khursheed Shah on Sunday said that Pakistan Tehreek-e-Insaf Chairman Imran Khan hurls abuses at institutions and then apologizes to them, adding that he has no right to be in politics now. Addressing a group of p
Published 30 Oct, 2017 12:00am
Government urged to explore new markets to increase exports

Government urged to explore new markets to increase exports

President Sialkot Chamber of Commerce and Industry (SCCI) Zahid Latif Malik has urged the government to take drastic steps for streamlining existing markets and identification of new potential markets for Made in Pakistan products. Talking to Business
Published 30 Oct, 2017 12:00am
Filing of returns: PTAA approaches PM for extension in date

Filing of returns: PTAA approaches PM for extension in date

Pakistan Tax Advisors Association (PTAA) has approached Prime Minister Shahid Khaqan Abbasi for extension in date for filing of income tax returns upto December 15, 2017. In a communication to the PM here on Saturday, Chairman PTAA Javed Iqbal Qazi reques
Published 30 Oct, 2017 12:00am
JI strives for effective accountability system: Siraj

JI strives for effective accountability system: Siraj

Chief of Jamaat-e-Islami Senator Sirajul Haq has said that Nawaz Sharif's politics had come to an end and the Judgment Day of the other agents of the international establishment and the status quo representatives would also dawn soon. While addressing a b
Published 30 Oct, 2017 12:00am
Payment of 4000 RPOs: FCCI chief hails Dar's directives

Payment of 4000 RPOs: FCCI chief hails Dar's directives

Shabbir Hussain Chawla, President Faisalabad Chamber of Commerce & Industry (FCCI), has welcomed the directive of Finance Minister Ishaq Dar to ensure payment of 4000 Refund Payment Orders (RPOs) involving Rs 13 billion of sales tax. Talking to newsmen he
Published 30 Oct, 2017 12:00am
Brexit hastens Azad Kashmir's economic break with Britain
Exchange

Brexit hastens Azad Kashmir's economic break with Britain

The tiled palaces beside Mangla reservoir and dozens of exchange offices testify to the prosperity enjoyed by Kashmir's Mirpur thanks to vast sums of cash sent back by tens of thousands of emigrants living in Britain. With few jobs and little industry, th
Published 30 Oct, 2017 12:00am
Anti-polio drive begins in 13 districts of KP today

Anti-polio drive begins in 13 districts of KP today

Around 3.65million children below age of five, will be vaccinated during three-day anti-polio drive, beginning in 13 high-risk districts of Khyber Pakhtunkhwa from Monday (today). In this regard, a meeting was held at Emergence Operation Centre (EOC) to r
Published 30 Oct, 2017 12:00am
MQM-P will win more seats in 2018 polls: Sattar

MQM-P will win more seats in 2018 polls: Sattar

Dr Farooq Sattar said on Sunday, reacting to deputy mayor Arshad Vohra's parting ways with Muttahida Qaumi Movement, that the political party would clinch more seats in general elections 2018 than before. Dr Sattar talked to the media in Karachi and calle
Published 30 Oct, 2017 12:00am
Book titled 'Ghazal Parasti' launched

Book titled 'Ghazal Parasti' launched

A launching ceremony of book "Ghazal Parasti" by young poetess Rizwana Malik was held under the auspices of literary society Sooch in collaboration with Rawalpindi Arts Council (RAC) on Sunday. Rizwana Malik hails from Jhelum and her maiden book is based
Published 30 Oct, 2017 12:00am
Pakistan frees 68 Indian fishermen

Pakistan frees 68 Indian fishermen

Pakistan on Sunday released 68 Indian fishermen held for trespassing into its territorial waters, officials said. Indian and Pakistani fishermen are frequently detained for illegal fishing since the Arabian Sea border is not clearly defined and many boats
Published 30 Oct, 2017 12:00am
Four terrorists arrested

Four terrorists arrested

The counter-terrorism department on Sunday arrested four terrorists trying to plant a bomb on Peshawar's Shah Alam Bridge. The suspects had prepared the bombs in two oil cans, according to the CTD. Police also recovered pistols and cartridges from the sus
Published 30 Oct, 2017 12:00am
Sindh government may introduce eco-friendly buses in Karachi

Sindh government may introduce eco-friendly buses in Karachi

Sindh Government is considering the launch of electric buses in Karachi to facilitate Karachiites and reduce the environmental and noise pollution. Informed sources told Business Recorder on Saturday that Government is considering bringing approxim
Published 30 Oct, 2017 12:00am
Habib Metro Bank posts Rs 5.74 billion profit in Q3 2017

Habib Metro Bank posts Rs 5.74 billion profit in Q3 2017

In a meeting of Habib Metropolitan Bank's Board of Directors, held on Thursday October 25, 2017, the financial results of the Bank for the period ended September 30, 2017 were approved. The Bank posted a profit-before-tax of Rs 5.74 billion at the end of
Published 30 Oct, 2017 12:00am
Habib Metro Bank posts Rs 5.74 billion profit in Q3 2017

Habib Metro Bank posts Rs 5.74 billion profit in Q3 2017

In a meeting of Habib Metropolitan Bank's Board of Directors, held on Thursday October 25, 2017, the financial results of the Bank for the period ended September 30, 2017 were approved. The Bank posted a profit-before-tax of Rs 5.74 billion at the end of
Published 30 Oct, 2017 12:00am
Sri Lankan team revives international cricket in Pakistan: CM

Sri Lankan team revives international cricket in Pakistan: CM

Punjab Chief Minister Shahbaz Sharif has said that Pakistani public especially buoyant people of Lahore welcome Sri Lankan players on their arrival at Lahore after eight years with glee. This visit of Sri Lankan players is a matter of immense pleasure for
Published 30 Oct, 2017 12:00am
Sri Lankan team revives international cricket in Pakistan: CM

Sri Lankan team revives international cricket in Pakistan: CM

Punjab Chief Minister Shahbaz Sharif has said that Pakistani public especially buoyant people of Lahore welcome Sri Lankan players on their arrival at Lahore after eight years with glee. This visit of Sri Lankan players is a matter of immense pleasure for
Published 30 Oct, 2017 12:00am
Four Pakistani universities participate in international moot

Four Pakistani universities participate in international moot

The second international education conference on 'The European Model of Quality Doctoral Education and its Comparative Analysis' with Higher Education Commission of Pakistan' concluded at Abu Dhabi on Saturday evening. In all, delegates from 26 countries
Published 30 Oct, 2017 12:00am
Three blood banks sealed in Gujranwala

Three blood banks sealed in Gujranwala

On the directions of Health Minister Kh Salman Rafique, Secretary Punjab Blood Transfusion Authority Dr Ather, in a successful raid at various blood units at Gujranwala recovered a large number of poor quality blood bags and screening kits from illegal bl
Published 30 Oct, 2017 12:00am
Walk held to create awareness about hazards of smog

Walk held to create awareness about hazards of smog

Under the joint arrangements of district administration and District Health Authority an awareness walk was held for citizens regarding adopt all precautionary measures during the thick blanket of fog or rather smog. State Minister for Textile Haji Muhamm
Published 30 Oct, 2017 12:00am
MoITT drafts 'Pakistan Telecommunication Competition Rules, 2017'

MoITT drafts 'Pakistan Telecommunication Competition Rules, 2017'

Ministry of Information Technology and Telecommunication (MoITT) has drafted 'Pakistan Telecommunication Competition Rules, 2017' to discourage anti-competitive conduct, avoid abuse of dominant position and ensure open and fair competition within the tele
Published 30 Oct, 2017 12:00am
Pesco staff urged to take precautionary measures

Pesco staff urged to take precautionary measures

Chief Executive Officer (CEO), Peshawar Electric Supply Company (Pesco) has directed the technical staff of the company to adopt all precautionary measures to avoid electrocution and electric shocks for their own safety. He was addressing a safety seminar
Published 30 Oct, 2017 12:00am
Aizaz attends APPAC event in NY

Aizaz attends APPAC event in NY

Pakistan Ambassador to USA, Aizaz Chaudhry, Congressman Andre Carson and Consul General Raja Ali Ejaz attended American Pakistanis Public Affairs Committee (APPAC) event in New York on Sunday. According to Pakistan Embassy, New York, talking on the sideli
Published 30 Oct, 2017 12:00am
Two militants killed in clash with Aman Lashkar

Two militants killed in clash with Aman Lashkar

At least two militants were killed in a clash with the volunteers of a peace lashkar (Aman Lashkar) in Landi Kotal area of Khyber Agency on Sunday. According to reports, the militants attacked a post of the peace lashkar in Zakhakhel area of Landi Kotal,
Published 30 Oct, 2017 12:00am
Iceland's scandal-hit PM wins re-election

Iceland's scandal-hit PM wins re-election

Iceland's conservative prime minister won a snap election despite a string of scandals, final results confirmed Sunday, but it remained unclear whether he could form a viable coalition. Bjarni Benediktsson, 47, was accused named last year in the "Panama P
Published 30 Oct, 2017 12:00am
Zain's profits fall over Sudan, Iraq
Currency

Zain's profits fall over Sudan, Iraq

Kuwaiti telecoms giant Zain on Sunday reported a drop in its third quarter net profits due to currency exchange losses in Sudan and conflict in Iraq. The company's net profit in the third quarter fell seven percent to 40 million dinars ($132 million) from
Published 30 Oct, 2017 12:00am
Italian bank inquiry points to improper behaviour

Italian bank inquiry points to improper behaviour

A new investigation of Italian banking scandals by a parliamentary commission has already revealed some improper behaviour, the commission's chairman, Pier Ferdinando Casini, told the newspaper La Repubblica in an interview. The cross-party commission, co
Published 30 Oct, 2017 12:00am
ECB's Coeure hopes bond-buying won't be extended again

ECB's Coeure hopes bond-buying won't be extended again

The man in charge of the European Central Bank's 2.5 trillion euros ($2.9 trillion) stimulus programme hopes it will not be extended again when it expires in September, he told a French weekly newspaper. Benoit Coeure, who heads the ECB's market operation
Published 30 Oct, 2017 12:00am
ECB's Coeure hopes bond-buying won't be extended again

ECB's Coeure hopes bond-buying won't be extended again

The man in charge of the European Central Bank's 2.5 trillion euros ($2.9 trillion) stimulus programme hopes it will not be extended again when it expires in September, he told a French weekly newspaper. Benoit Coeure, who heads the ECB's market operation
Published 30 Oct, 2017 12:00am
Failed carrier Monarch investor Greybull would repay rescue bill

Failed carrier Monarch investor Greybull would repay rescue bill

The former owner of failed British airline Monarch said on Sunday it had a moral obligation to repay some of the bill to bring passengers home if it profits from the administration of the carrier. Monarch collapsed on October 2, causing the cancellation o
Published 30 Oct, 2017 12:00am
Poland wants strong eurozone before mulling membership
Currency

Poland wants strong eurozone before mulling membership

Poland wants the euro zone to become stronger before making a decision whether to join the single currency, Finance Minister Mateusz Morawiecki said. "We are holding our fingers crossed for the euro zone to survive, to overcome its imminent problems ... S
Published 30 Oct, 2017 12:00am
IFC and banks close $653 millon in funding for Egypt solar plants

IFC and banks close $653 millon in funding for Egypt solar plants

International Finance Corporation (IFC), a member of the World Bank Group, on Sunday said it had completed a $653 million debt package to finance building 13 solar power plants near Aswan in Egypt, planned to be part of the largest solar park in the world
Published 30 Oct, 2017 12:00am
Blacklisted by Brazil, Dublin funds find new ways to invest
Currency

Blacklisted by Brazil, Dublin funds find new ways to invest

Brazil has provided investors with some of the best returns in the world this year but investment funds based in Ireland have been forced to adopt new strategies to get their money's worth. Brazil blacklisted Ireland as a tax haven in September 2016 becau
Published 30 Oct, 2017 12:00am
Blacklisted by Brazil, Dublin funds find new ways to invest
Currency

Blacklisted by Brazil, Dublin funds find new ways to invest

Brazil has provided investors with some of the best returns in the world this year but investment funds based in Ireland have been forced to adopt new strategies to get their money's worth. Brazil blacklisted Ireland as a tax haven in September 2016 becau
Published 30 Oct, 2017 12:00am
Lebanese central bank says pound stable, adds to forex reserves
Currency

Lebanese central bank says pound stable, adds to forex reserves

The Lebanese central bank has the foreign-currency reserves it needs to keep the pound stable against the US dollar at its pegged rate for the foreseeable future, the central bank governor said on Tuesday. Riad Salameh also told Reuters in an interview th
Published 30 Oct, 2017 12:00am
Petchems, Saudi Telecom beat lift Riyadh market; rest of Gulf sluggish

Petchems, Saudi Telecom beat lift Riyadh market; rest of Gulf sluggish

Petrochemical stocks and an earnings beat by Saudi Telecom Co lifted Riyadh's stock market on Sunday while other Gulf bourses were sluggish, once more ignoring a strong performance by Wall Street on the previous trading day. The Saudi stock index climbed
Published 30 Oct, 2017 12:00am
China's money rates jump

China's money rates jump

China's central bank has barely funded money markets for two days in a row, sending a signal that its largesse to banks during the 19th Communist Party Congress was a one-off and develeraging the economy remains core policy. Interbank yuan rates have rise
Published 30 Oct, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Sunday. 80.85-80.85 (previous 80.85-80.85).
Published 30 Oct, 2017 12:00am
Fidelity retirement funds warm to Canada, cool to emerging markets

Fidelity retirement funds warm to Canada, cool to emerging markets

Fidelity Investments has cut exposure to red-hot emerging markets stocks in its age-based retirement funds while putting more money into Canadian stocks and US government bonds. The shift, reflected in a Morningstar Inc report released on Thursday, shows
Published 30 Oct, 2017 12:00am
Fidelity retirement funds warm to Canada, cool to emerging markets

Fidelity retirement funds warm to Canada, cool to emerging markets

Fidelity Investments has cut exposure to red-hot emerging markets stocks in its age-based retirement funds while putting more money into Canadian stocks and US government bonds. The shift, reflected in a Morningstar Inc report released on Thursday, shows
Published 30 Oct, 2017 12:00am
Wozniacki ends Venus jinx to win WTA Finals

Wozniacki ends Venus jinx to win WTA Finals

Former world number one Caroline Wozniacki ended her career-long jinx against Venus Williams in spectacular style to lift the WTA Finals trophy for the first time on Sunday. The Dane had won just one set in seven harrowing defeats to Williams but she turn
Published 30 Oct, 2017 12:00am
Army upset Navy in Cricket Championship

Army upset Navy in Cricket Championship

Middle order batsmen Sana Ullah and Shahid Khan added 170 fourth wicket partnership to guide Pakistan Army to record a 17 runs victory against strong Pakistan Navy in the ongoing One-Day Cricket Championship part of the Inter-Services Sports Gala being pl
Published 30 Oct, 2017 12:00am
Pakistan to host ACC Emerging Cup in April 2018: Sethi

Pakistan to host ACC Emerging Cup in April 2018: Sethi

Pakistan Cricket Board (PCB) Chairman Najam Sethi on Sunday announced that Pakistan will be hosting the Asian Cricket Council (ACC) Emerging Cup in April 2018. "Pakistan, Bangladesh, Sri Lanka, Afghanistan, India and a qualifier team will be participating
Published 30 Oct, 2017 12:00am
Pouille takes Vienna title

Pouille takes Vienna title

Lucas Pouille won the Vienna ATP tournament on Sunday with a 6-1, 6-4 thumping of Jo-Wilfried Tsonga in an all-French final. For the 23-year-old Pouille this was a first win over Tsonga and his third title of the season on the indoor hard court after wins
Published 30 Oct, 2017 12:00am
India prevail in thriller, clinch ODI series 2-1

India prevail in thriller, clinch ODI series 2-1

Fast bowler Jasprit Bumrah helped India pull off a thrilling six-run win over New Zealand in the third and final one-day international and cliinch the series 2-1 on Sunday Bumrah claimed three wickets and effected a crucial run out of dangerman Tom Latham
Published 30 Oct, 2017 12:00am
Wapda's Abbas Zeb wins Punjab Jr Squash Championship

Wapda's Abbas Zeb wins Punjab Jr Squash Championship

Wapda's Abbas Zeb won the Punjab National Junior Squash Championship organized by Punjab Squash Association. He clinched the title by overpowering his opponent Zeeshan Gull of Zarai Taraqiati Bank (ZTBL) in straight sets 3-0 in the final. The 5- day event
Published 30 Oct, 2017 12:00am
Federer downs del Potro for eighth Basel crown

Federer downs del Potro for eighth Basel crown

Home favourite Roger Federer claimed his eighth Swiss Indoors title on Sunday with a 6-7 (5/7), 6-4, 6-3 final defeat of Juan Martin del Potro. The 36-year-old fought back from a set down to win the 95th ATP title of his career, taking him clear above Iva
Published 30 Oct, 2017 12:00am
Masakadza ton leads Zimbabwe recovery

Masakadza ton leads Zimbabwe recovery

Hamilton Masakadza's fifth Test century helped Zimbabwe recover from a horror start to the second Test against the West Indies on Sunday and end a rain-hit first day on 169 for four. Just 61 overs were possible as rain wiped out most of the final session,
Published 30 Oct, 2017 12:00am
Miller hits fastest T20 century as South Africa rout Bangladesh

Miller hits fastest T20 century as South Africa rout Bangladesh

David Miller smashed the fastest century in Twenty20 international cricket as South Africa outclassed Bangladesh by 83 runs in the second and final Twenty20 international at Senwes Park on Sunday. Miller's 35-ball hundred propelled South Africa to 224 for
Published 30 Oct, 2017 12:00am
Pakistan mark Sri Lanka return with Twenty20 win

Pakistan mark Sri Lanka return with Twenty20 win

Pakistan marked the return of Sri Lanka with a 3-0 Twenty20 series whitewash on Sunday, as officials hoped the match will help reestablish the country's reputation for hosting international cricket. The third and final Twenty20 match, which Pakistan comfo
Published 30 Oct, 2017 12:00am
Brazil can be a big market for businessmen: envoy

Brazil can be a big market for businessmen: envoy

Ambassador of Brazil in Pakistan Clouio Raja Gabaglia Lins has said that his country could be an attractive and big market for Pakistani businessmen. Pakistan traders and other business delegations should visit Brazil and explore maximum economic opportun
Published 30 Oct, 2017 12:00am
Turkey arrests IS suspects in nationwide raids

Turkey arrests IS suspects in nationwide raids

Turkish police on Sunday rounded up dozens of Islamic State suspects including Syrian nationals in a security sweep on the country's national day holiday, local media reported. Twenty-two suspects were arrested in the eastern province of Erzurum including
Published 30 Oct, 2017 12:00am
Hillary Clinton marks painful date with Twitter quip

Hillary Clinton marks painful date with Twitter quip

Hillary Clinton got a reminder that exactly one year ago, then FBI director James Comey said he was re-opening a probe into her emails. "Oh is that today?" the former Democratic presidential candidate quipped on Twitter late Saturday, in response to a pos
Published 30 Oct, 2017 12:00am
UK minister probed 'for asking secretary to buy sex toys'

UK minister probed 'for asking secretary to buy sex toys'

A British government minister faces an investigation over allegations he asked his secretary to buy sex toys and addressed her in demeaning language. The Cabinet Office - responsible for ensuring effective government - will investigate if Mark Garnier's b
Published 30 Oct, 2017 12:00am
White House opposed vote on Israel 'annexation' bill

White House opposed vote on Israel 'annexation' bill

US President Donald Trump's administration opposed a planned vote on a controversial Israeli bill that critics say would amount to de facto annexation of Jewish settlements surrounding Jerusalem, a US official said Sunday. Israeli Prime Minister Benjamin
Published 30 Oct, 2017 12:00am
Two Palestinians charged with murder of Israeli man

Two Palestinians charged with murder of Israeli man

Israeli prosecutors filed charges on Sunday against two Palestinians suspected of murdering their Jewish employer this month in what authorities have labelled a "terror attack", the justice ministry said. According to the indictment, Yousef Kamil, 20, and
Published 30 Oct, 2017 12:00am
Iran to continue developing ballistic missiles: Rouhani
Exchange

Iran to continue developing ballistic missiles: Rouhani

Iran's president on Sunday said his country would continue building weapons including developing missiles as the United States prepares new sanctions over its ballistic missile programme. "To defend our nation and territorial integrity, we will build all
Published 30 Oct, 2017 12:00am
Iran implementing its nuclear deal commitments: IAEA
Exchange

Iran implementing its nuclear deal commitments: IAEA

The head of the United Nations atomic agency on Sunday said Iran was carrying out its commitments made under a landmark nuclear deal with world powers. "As of today, I can state that the nuclear-related commitments made by Iran under the JCPOA (nuclear de
Published 30 Oct, 2017 12:00am
PML-N supports Fata-KP merger: Muqam

PML-N supports Fata-KP merger: Muqam

Advisor to Prime Minister, Engr Amir Muqam said on Sunday that merger of Federally Administered Tribal Areas (FATA) with Khyber Pakhtunkhwa is the constitutional right of tribal people. While talking to the media here, he said that PML-N also wanted to me
Published 30 Oct, 2017 12:00am
Upgradation of PMNH to attract more visitors

Upgradation of PMNH to attract more visitors

Pakistan Museum of Natural Heritage is the place to visit on a weekend if you want a day filled with amusement and sense of wonder. The ongoing up gradation of Pakistan Museum of Natural Heritage (PMNH) will make it more attractive for visitors as the mus
Published 30 Oct, 2017 12:00am
CFC project for silk cluster opens in Mingora

CFC project for silk cluster opens in Mingora

Dyeing, washing and pressing Common Facility Centre (CFC) for silk cluster at Mingora, district Swat has formally come into operation the other day. Federal Minister for Industries and Production, Ghulam Murtaza Khan Jatoi especially visited Swat to inaug
Published 30 Oct, 2017 12:00am