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Nov 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-11-03
CBOT corn futures lower on harvest pressure

CBOT corn futures lower on harvest pressure

Chicago Board of Trade corn futures closed lower on Tuesday on pressure from rising supplies as US farmers harvest a bumper crop and on spillover pressure from sharply lower wheat prices, traders said. The US Department of Agriculture late Monday said the
Published 03 Nov, 2017 12:00am
Cotton market remains fully firm
Cotton

Cotton market remains fully firm

Cotton market remained tight on Thursday mainly on concern of the spinners that quality of lint may go down as and how the season progresses. Thus the fear of any decrease in quality in the coming supply of domestic cotton for the remainder of the season
Published 03 Nov, 2017 12:00am
Cotton market remains fully firm
Cotton

Cotton market remains fully firm

Cotton market remained tight on Thursday mainly on concern of the spinners that quality of lint may go down as and how the season progresses. Thus the fear of any decrease in quality in the coming supply of domestic cotton for the remainder of the season
Published 03 Nov, 2017 12:00am
IMF cuts Rwanda's 2017 GDP growth forecast

IMF cuts Rwanda's 2017 GDP growth forecast

The International Monetary Fund (IMF) has cut its forecast for Rwanda's gross domestic product growth to 5.2 percent this year from 6.2 percent but projected a pick-up in 2018. The downward revision follows weak growth in the first half of the year as a 2
Published 03 Nov, 2017 12:00am
Greek manufacturing growth slows in October, hiring speeds up

Greek manufacturing growth slows in October, hiring speeds up

Greek manufacturing activity continued to expand in October but at a slower pace than the previous month, with rising demand at home and abroad leading firms to hire staff at one of the fastest rates on record, a survey showed on Wednesday. Markit's Purch
Published 03 Nov, 2017 12:00am
Japan's ANA soars to record profit

Japan's ANA soars to record profit

Japan's top airline by passenger numbers, All Nippon Airlines, upgraded its full-year forecasts on Wednesday as profits soared to new records due to solid demand. Parent company ANA Holdings said net profits for the first-half period from April to Septemb
Published 03 Nov, 2017 12:00am
France hikes corporate taxes to meet 2017 deficit goal

France hikes corporate taxes to meet 2017 deficit goal

France said Thursday it would temporarily raise taxes on the profits of big companies in order to meet its deficit target after being hit with a hefty bill for an unlawful levy on dividends. President Emmanuel Macron's centrist government has pledged to b
Published 03 Nov, 2017 12:00am
German unemployment rock-steady at historic lows

German unemployment rock-steady at historic lows

Unemployment in Germany held steady at historic lows in October, official data showed Thursday, suggesting Europe's largest economy can look forward to continuing good health. The jobless rate stood at 5.6 percent in seasonally-adjusted terms last month,
Published 03 Nov, 2017 12:00am
Shell announces surging profits

Shell announces surging profits

Royal Dutch Shell said Thursday that net profit almost tripled to more than $4.0 billion in the third quarter, helped largely by recovering oil prices. Profit after tax rocketed to $4.087 billion (3.505 billion euros) in the three months to September from
Published 03 Nov, 2017 12:00am
Shell announces surging profits

Shell announces surging profits

Royal Dutch Shell said Thursday that net profit almost tripled to more than $4.0 billion in the third quarter, helped largely by recovering oil prices. Profit after tax rocketed to $4.087 billion (3.505 billion euros) in the three months to September from
Published 03 Nov, 2017 12:00am
Etihad suspends Dallas route after US carrier ends codeshare deal

Etihad suspends Dallas route after US carrier ends codeshare deal

Abu Dhabi's Etihad Airways said Thursday it will suspend from next March flights to the US city of Dallas rendered unprofitable after American Airlines ended a codeshare deal with it. In July, American Airlines said it would no longer share flights with E
Published 03 Nov, 2017 12:00am
Egypt settles Morsi-era Turkey debt, makes Libya payment
Currency

Egypt settles Morsi-era Turkey debt, makes Libya payment

Egypt has paid off the final instalment, worth $200 million, of a $1 billion loan it took out from Turkey in 2012 during Mohamed Morsi's brief tenure as president, state news agency MENA said on Thursday. Morsi, a member of the Muslim Brotherhood, was ous
Published 03 Nov, 2017 12:00am
World food prices fall 1.3 percent

World food prices fall 1.3 percent

World food prices fell slightly in October from the previous month, as valuations dropped for all food commodities apart from cereals, the United Nations food agency said on Thursday. Prices remain 2.5 percent higher than they were last October but are no
Published 03 Nov, 2017 12:00am
Bombardier announces order for 31 CSeries, worth $2.4 billion

Bombardier announces order for 31 CSeries, worth $2.4 billion

Canadian manufacturer Bombardier announced Thursday its first new order for its CSeries jetliners in more than a year and since partnering with Europe's Airbus last month. An unnamed European customer has signed a letter of intent to buy 31 of the passeng
Published 03 Nov, 2017 12:00am
Alibaba says profit up 132 percent in 'outstanding' quarter

Alibaba says profit up 132 percent in 'outstanding' quarter

Chinese e-commerce giant Alibaba said on Thursday that soaring sales fuelled a 132 percent increase in net profit in what it called an "outstanding" quarter, as the firm raised its expectations for full-year revenue growth. China's biggest e-commerce comp
Published 03 Nov, 2017 12:00am
Alibaba says profit up 132 percent in 'outstanding' quarter

Alibaba says profit up 132 percent in 'outstanding' quarter

Chinese e-commerce giant Alibaba said on Thursday that soaring sales fuelled a 132 percent increase in net profit in what it called an "outstanding" quarter, as the firm raised its expectations for full-year revenue growth. China's biggest e-commerce comp
Published 03 Nov, 2017 12:00am
BT Group dials up profits dip

BT Group dials up profits dip

BT Group, the British telecoms and television broadcasting group, posted a dip in profits Thursday on falling revenues at its unit providing services to businesses. Pre-tax profits edged down one percent in BT's second quarter to £666 million ($882 millio
Published 03 Nov, 2017 12:00am
BT Group dials up profits dip

BT Group dials up profits dip

BT Group, the British telecoms and television broadcasting group, posted a dip in profits Thursday on falling revenues at its unit providing services to businesses. Pre-tax profits edged down one percent in BT's second quarter to £666 million ($882 millio
Published 03 Nov, 2017 12:00am
Credit Suisse net profit soars in Q3

Credit Suisse net profit soars in Q3

Credit Suisse, Switzerland's second-biggest lender, said Thursday that its net profit soared in the third quarter as it makes progress with an ambitious restructuring and cost-cutting programme. Credit Suisse said in a statement that its bottom-line net p
Published 03 Nov, 2017 12:00am
Credit Suisse net profit soars in Q3

Credit Suisse net profit soars in Q3

Credit Suisse, Switzerland's second-biggest lender, said Thursday that its net profit soared in the third quarter as it makes progress with an ambitious restructuring and cost-cutting programme. Credit Suisse said in a statement that its bottom-line net p
Published 03 Nov, 2017 12:00am
US Q3 productivity fastest in three years; jobless claims fall

US Q3 productivity fastest in three years; jobless claims fall

US worker productivity increased at its fastest pace in three years in the third quarter but the trend remained moderate, suggesting that a recent acceleration in economic growth was unlikely to be sustained. Other data on Thursday showed the number of pe
Published 03 Nov, 2017 12:00am
Gulf markets sluggish, blue chips lift Egypt index

Gulf markets sluggish, blue chips lift Egypt index

Gulf markets remained sluggish on Thursday despite activity in Dubai's Emaar Properties after its local property development arm set an indicative price range for its initial public offering (IPO) while a couple of blue chips boosted Egypt. Emaar Developm
Published 03 Nov, 2017 12:00am
Tokyo stocks hit fresh two-decade peak

Tokyo stocks hit fresh two-decade peak

Tokyo stocks rose to a fresh 21-year high Thursday, brushing aside concerns about overheating as Honda jumped more than five percent after it raised its annual profit outlook. The benchmark Nikkei 225 index gained 0.53 percent, or 119.04 points, to close
Published 03 Nov, 2017 12:00am
Wall Street edges higher after Fed holds steady on rates
Exchange

Wall Street edges higher after Fed holds steady on rates

Wall Street banked modest gains on Wednesday after the US Federal Reserve kept interest rates unchanged and gave encouraging comments about the economy. The US central bank pointed to solid US economic growth and a strengthening labour market while downpl
Published 03 Nov, 2017 12:00am
Hong Kong shares fall

Hong Kong shares fall

Hong Kong stocks slipped on Thursday, echoing nervousness in global markets as investors waited for key policy events in the United States and what could be the Bank of England's first hike in more than 10 years. Investors also weigh the impact of a possi
Published 03 Nov, 2017 12:00am
Treasury yields fall

Treasury yields fall

US Treasury yields fell on Wednesday and the yield curve was its flattest since 2007 after the Treasury Department said it would keep auction sizes steady in the coming months, despite the Federal Reserve's plan to reduce its bond holdings. The government
Published 03 Nov, 2017 12:00am
Treasury yields fall

Treasury yields fall

US Treasury yields fell on Wednesday and the yield curve was its flattest since 2007 after the Treasury Department said it would keep auction sizes steady in the coming months, despite the Federal Reserve's plan to reduce its bond holdings. The government
Published 03 Nov, 2017 12:00am
Australian shares lower; New Zealand up

Australian shares lower; New Zealand up

Australian shares closed marginally lower on Thursday as a rally in the materials sector due to a rise in metals prices was offset by losses in financial stocks after National Australia Bank (NAB) flagged restructuring charges. The S&P/ASX 200 index which
Published 03 Nov, 2017 12:00am
Indian shares plunge

Indian shares plunge

Indian shares ended marginally lower on Thursday, as quarterly results from companies such as Tech Mahindra Ltd weighed, although losses were capped by gains in pharmaceutical shares, including Divi's Laboratories Ltd that rose about 16 percent. The bench
Published 03 Nov, 2017 12:00am
Shanghai stocks down
Mutual Funds

Shanghai stocks down

Shanghai stocks weakened on Thursday, dragged by industry and material shares, as worries resurfaced over a possible economic slowdown and tighter liquidity before year-end. The blue-chip CSI300 index was unchanged at 3,997.13 points, while the Shanghai C
Published 03 Nov, 2017 12:00am
Earnings drag on European shares, Credit Suisse shines
Currency

Earnings drag on European shares, Credit Suisse shines

Declines in health and tech stocks weighed on European shares on Thursday following an outlook cut from Coloplast, as forecast-beating results from Credit Suisse and Danske Bank limited losses. The pan-European STOXX 600 index trended lower through the da
Published 03 Nov, 2017 12:00am
Sri Lankan stocks steady
Currency

Sri Lankan stocks steady

Sri Lankan shares closed steady on Thursday ahead of a long weekend, with investors awaiting the national budget presentation and the central bank's policy rate decision. The Colombo stock index closed 0.04 percent weaker at 6,621.47. The index rose 0.1 p
Published 03 Nov, 2017 12:00am
South East Asian markets: Philippines index jumps nearly 2 percent

South East Asian markets: Philippines index jumps nearly 2 percent

Philippine shares surged nearly 2 percent to a record close on Thursday, underpinned by hopes of robust economic growth in the third quarter, while other Southeast Asian markets closed lower, with Indonesia slipping from an all-time peak. The Philippine i
Published 03 Nov, 2017 12:00am
FTSE surges after BoE's 'dovish' hike hits sterling
Currency

FTSE surges after BoE's 'dovish' hike hits sterling

Britain's top share index posted its biggest rise in over three months on Thursday after the Bank of England tempered investors' expectations on future rate rises, hitting the pound and lifting shares in internationally exposed companies. The BoE raised i
Published 03 Nov, 2017 12:00am
Dollar retreats in Asia
Currency

Dollar retreats in Asia

The dollar pulled back from a 3-1/2-month high versus the yen and also fell back against the euro on Thursday, sagging ahead of a US tax bill that will be unveiled after a one-day delay. The dollar slipped 0.25 percent to 113.920 yen. It had gained about
Published 03 Nov, 2017 12:00am
Dollar slides against basket of currencies in Europe
Currency

Dollar slides against basket of currencies in Europe

The dollar slipped against a broad basket of currencies on Thursday as investors took profits after the US Federal Reserve left interest rates unchanged on Wednesday, as expected, with markets widely expecting a rate hike at its next meeting. With uncerta
Published 03 Nov, 2017 12:00am
Dollar rises against yen in New York
Currency

Dollar rises against yen in New York

The dollar climbed on Wednesday, nearing a 3 1/2-month high against the yen, as investor optimism about the greenback rose ahead of major announcements on US fiscal and monetary policy after strong economic data. The Federal Reserve kept US overnight inte
Published 03 Nov, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 80.90-80.90 (previous 80.90-80.90).
Published 03 Nov, 2017 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee ended slightly firmer on Thursday, snapping a three-session losing streak, as inflows from remittances ahead of a long weekend outpaced importer dollar demand, dealers said. Trading was, however, dull and the currency still faced depr
Published 03 Nov, 2017 12:00am
Most Asian currencies gain

Most Asian currencies gain

Most Asian currencies on Thursday advanced against the US dollar, which was dented after the unveiling of a key US tax reform bill was delayed for a day. The US dollar had remained buoyant after the Federal Reserve kept rates unchanged and signalled the l
Published 03 Nov, 2017 12:00am
Sterling sinks after BoE's 'dovish' rate hike
Currency

Sterling sinks after BoE's 'dovish' rate hike

Sterling was on track for its biggest one-day drop against the euro in over a year on Thursday, as investors pushed back their expectations for further monetary tightening after the Bank of England hiked rates for the first time in over a decade. The Bank
Published 03 Nov, 2017 12:00am
Aussie, kiwi up
Currency

Aussie, kiwi up

The Australian dollar bounced to a one-week high on Thursday helped by upbeat data on home building and trade, while its US counterpart was knocked by reports President Donald Trump had decided on a new head of the country's central bank. The Aussie blipp
Published 03 Nov, 2017 12:00am
Del Potro closes in on Tour Finals

Del Potro closes in on Tour Finals

Juan Martin del Potro is relishing the "battle" to qualify for the World Tour Finals after beating Robin Haase 7-5, 6-4 in the Paris Masters last 16 on Thursday. The former US Open champion can take the eighth and final qualification spot for London from
Published 03 Nov, 2017 12:00am
Barty beats Kerber to reach Zhuhai semis
Kerb

Barty beats Kerber to reach Zhuhai semis

Australia's Ashleigh Barty stunned former world number one Angelique Kerber in straight sets to reach the WTA Elite Trophy semi-finals on Thursday. Twenty-one-year-old Barty, the youngest player at the season-ending tournament in China, needed just one ho
Published 03 Nov, 2017 12:00am
Russian skier gets Olympics life ban, stripped of Sochi gold

Russian skier gets Olympics life ban, stripped of Sochi gold

Cross-country skier Alexander Legkov was stripped of his Olympic 50km title on Wednesday and banned from the Games for life, the International Olympic Committee announced after publishing the first conclusions from a commission probing the Russian doping
Published 03 Nov, 2017 12:00am
Finn, Ali injury concerns before England tour opener

Finn, Ali injury concerns before England tour opener

Fast bowler Steven Finn and all-rounder Moeen Ali will have scans to decide their availability for England's Ashes tour opener this week in Perth, team officials said on Thursday. Finn injured his left knee while batting at training, while Ali is troubled
Published 03 Nov, 2017 12:00am
Smith out to re-open England's Ashes 'scars'

Smith out to re-open England's Ashes 'scars'

Skipper Steve Smith says Australia plan to reopen old English Ashes scars starting with a morale-shattering blow in the series opener at the Gabba this month. Smith has indelible memories of the shattering effect of the opening Brisbane Test from the last
Published 03 Nov, 2017 12:00am
Newage in main final of Seasons Canola Polo Cup

Newage in main final of Seasons Canola Polo Cup

Newage qualified for the main final of the Seasons Canola Polo Cup 2017 after registering convincing 6-3 victory over Remington Polo here at the Lahore Polo Club (LPC) ground on Thursday. Shah Shamyl Alam was star of the day as he fired fantastic four goa
Published 03 Nov, 2017 12:00am
'Legend' Aguero hits record goal as Man City reach last 16

'Legend' Aguero hits record goal as Man City reach last 16

Sergio Aguero became Manchester City's all-time record scorer and was described as "a legend" by coach Pep Guardiola whose side booked their place in the Champions League last-16 with a 4-2 win at Napoli on Wednesday. The 29-year-old Argentine beat the ol
Published 03 Nov, 2017 12:00am
Astros win first World Series crown

Astros win first World Series crown

The Houston Astros, powered by a record-equalling home run by George Springer won the World Series for the first time on Wednesday with a 5-1 triumph over the Los Angeles Dodgers. George Springer belted his fifth home run of the Series as the Astros rough
Published 03 Nov, 2017 12:00am
Second Thal Desert Jeep Rally from November 18

Second Thal Desert Jeep Rally from November 18

Tourism Development Corporation of Punjab (TDCP) has announced new dates for the Second Thal Desert Jeep Rally, which will now be held between November 18 and 19. Initially, the rally was planned for November 11, disclosed a TDCP's spokesperson here on Th
Published 03 Nov, 2017 12:00am
West Indies win series after drawn Zimbabwe Test

West Indies win series after drawn Zimbabwe Test

An obstinate stand of 91 between Regis Chakabva and Graeme Cremer secured Zimbabwe's first draw in Test cricket since 2005, leaving the West Indies to settle for a 1-0 series victory. The West Indies were on course to win the second Test on the final day
Published 03 Nov, 2017 12:00am
Thousands of Palestinians protest on Balfour Declaration centenary

Thousands of Palestinians protest on Balfour Declaration centenary

Thousands of Palestinians took to the streets of various cities on Thursday to protest on the 100th anniversary of Britain's Balfour Declaration, which helped lead to Israel's creation and the Israeli-Palestinian conflict. Palestinian president Mahmud Abb
Published 03 Nov, 2017 12:00am
Eight Turkish troops killed

Eight Turkish troops killed

Eight members of the Turkish security forces were killed in clashes with Kurdish militants on Thursday in Turkey's restive southeast, the army said. Six soldiers and two military security guards died while two soldiers were wounded - one heavily - after f
Published 03 Nov, 2017 12:00am
Indian court jails two men for life for raping niece

Indian court jails two men for life for raping niece

An Indian court Thursday sentenced two men to life in prison for raping their 10-year-old niece, in a case that hit headlines when her appeal for a late-term abortion was rejected, a lawyer said. The girl, who cannot be named, gave birth in August after t
Published 03 Nov, 2017 12:00am
Russia dismisses UN report on Syria sarin attack
Cotton

Russia dismisses UN report on Syria sarin attack

Russia dismissed Thursday a report by a UN-led panel that blamed the Syrian regime for a sarin attack on the town of Khan Sheikhun and said the use of the substance was part of a "theatrical performance" by rebels. A panel including diplomats and military
Published 03 Nov, 2017 12:00am
Longest living dolphin in captivity dies

Longest living dolphin in captivity dies

A female bottlenose dolphin has died at a Japanese aquarium only weeks after breaking a national record of more than four decades in captivity, an official said Thursday. Nana, thought to be around 47 years old, was discovered drowned on Tuesday at a natu
Published 03 Nov, 2017 12:00am
Three dead in Colorado Walmart store shooting

Three dead in Colorado Walmart store shooting

A man suspected of walking into a Walmart store in Colorado and "nonchalantly" shooting to death two men and a woman has been arrested, police said Thursday. The seemingly random shooting on Wednesday in Thornton, Colorado comes a month after a gunman kil
Published 03 Nov, 2017 12:00am
US approves $1 billion Qatar arms deal despite Gulf crisis

US approves $1 billion Qatar arms deal despite Gulf crisis

The United States government on Wednesday approved a $1.1 billion deal to service Qatar's F-15 fighter jets despite the diplomatic stand-off between the Gulf emirate and its neighbours. Qatar, home to one of the largest US military bases in the Middle Eas
Published 03 Nov, 2017 12:00am
New UK defence minister named after sex scandal resignation

New UK defence minister named after sex scandal resignation

Prime Minister Theresa May on Thursday named Gavin Williamson as Britain's new defence secretary after his predecessor Michael Fallon was forced to step down over a sexual harassment scandal sweeping parliament. It represents a significant promotion for t
Published 03 Nov, 2017 12:00am
China's Xi sends rare message to Kim
Exchange

China's Xi sends rare message to Kim

Chinese President Xi Jinping has sent North Korean leader Kim Jong-Un a rare message "out of politeness," Beijing said Thursday, in his first public communication with his wayward neighbour for more than a year. The note signalled a possible improvement i
Published 03 Nov, 2017 12:00am
Cotton dips as crop damage worries from freezing weather fade
Cotton

Cotton dips as crop damage worries from freezing weather fade

ICE cotton futures inched lower on Wednesday as concerns of crop damage in Texas due to freezing weather conditions waned, ahead of weekly export data from the US Department of Agriculture. Cotton contracts for December settled down 0.21 cent, or 0.31 per
Published 03 Nov, 2017 12:00am
Shanghai nickel over two-year high
Exchange

Shanghai nickel over two-year high

Shanghai nickel soared by another 5.4 percent to mark its highest close in more than two years on Thursday, tracking an earlier rise in London nickel on expectations of new demand from electric vehicles (EVs). Shanghai Futures Exchange copper closed down
Published 03 Nov, 2017 12:00am
Nickel, zinc, aluminium retreat from multi-year highs
Exchange

Nickel, zinc, aluminium retreat from multi-year highs

Traders cashed in gains in nickel, zinc and aluminium on Thursday after the metals hit multi-year highs the day before, with nickel posting its biggest two-day jump in more than three years. The stainless steel material surged by more than $1,100 a tonne
Published 03 Nov, 2017 12:00am
Oil edges up to near two-year highs as market tightens

Oil edges up to near two-year highs as market tightens

Oil prices edged up on Thursday, steadying near two-year highs as the outlook remained upbeat as OPEC-led supply cuts have tightened the market and drained inventories. Brent crude settled up 13 cents, or 0.2 percent, at $60.62 per barrel. The benchmark h
Published 03 Nov, 2017 12:00am
Rubber surges
Exchange

Rubber surges

Benchmark Tokyo rubber futures extended gains on Thursday after touching a four-month low earlier this week, as the dollar hovered near a 3-1/2-month high against the yen and Shanghai futures rose to a two-week high, brokers said. The Tokyo Commodity Exch
Published 03 Nov, 2017 12:00am
Malaysian palm oil drops
Vegetable Oil

Malaysian palm oil drops

Malaysian palm oil futures dropped on Thursday, tracking weak soyoil prices and as traders awaited price forecasts from an industry conference. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was down 0.6 pe
Published 03 Nov, 2017 12:00am
New York cocoa tumbles on fund selling, raw sugar falls
Currency

New York cocoa tumbles on fund selling, raw sugar falls

New York cocoa futures tumbled on Thursday as souring chart signals set off a wave of automatic selling, while raw sugar retreated further from a three-month high after a breach of technical support triggered a sell-off. December New York cocoa fell $67 o
Published 03 Nov, 2017 12:00am
Gold advances in New York

Gold advances in New York

Gold advanced on Wednesday as traders repositioned themselves after the Federal Reserve said it will keep target interest rates unchanged for the time being. Prices held onto earlier gains after statements from the US central bank indicating that while it
Published 03 Nov, 2017 12:00am
Gold up in Asia

Gold up in Asia

Gold rose to a one-week high on Thursday amid a weaker dollar, on increased demand from Chinese retail investors and as the market waited for the announcement of a new chair of the US Federal Reserve, expected later in the day. Spot gold was up 0.3 percen
Published 03 Nov, 2017 12:00am
Gold rises in Europe

Gold rises in Europe

Gold prices inched higher on Thursday, helped by a weaker dollar and lower US bond yields, as investors waited for the nomination of a new US Federal Reserve chair and the unveiling of US tax reform legislation later in the day. The dollar weakened after
Published 03 Nov, 2017 12:00am
Corn rises

Corn rises

US corn futures climbed to a one-week high on Thursday on improving export demand, although gains were limited by reports of higher-than-anticipated US harvest yields. Soyabeans rose for a second day and notched a two-week high as expectations of lower US
Published 03 Nov, 2017 12:00am
US MIDDAY: gold moves higher

US MIDDAY: gold moves higher

Gold prices rose early on Thursday, helped by a weaker dollar and lower US bond yields, as investors waited for the nomination of a new US Federal Reserve chair who could influence the pace of interest rate rises. The dollar fell and US 10-year Treasury y
Published 03 Nov, 2017 12:00am
IG USAID calls on NAB Cheif

IG USAID calls on NAB Cheif

Ann Calvaresi Barr, Inspector General, USAID led by delegation called Honorable Justice Javed Iqbal, Chairman NAB at NAB Headquarters. Imtiaz Tajwar, Deputy Chairman NAB also attended the meeting. The meeting held in a very cordial atmosphere in which mat
Published 03 Nov, 2017 12:00am
NHC approves Rs 1.059 trillion five-year plan

NHC approves Rs 1.059 trillion five-year plan

The National Highway Council (NHC) on Thursday approved next five-year plan (2018-2023) and according to which new highways and motorways schemes worth Rs 1.059 trillion would be carried out in the country, it is learnt. Official sources revealed to Bu
Published 03 Nov, 2017 12:00am
Smog problem: Kaira criticizes measures against industrial units

Smog problem: Kaira criticizes measures against industrial units

PPP Punjab President Qamar Zaman Kaira has criticized the Punjab government for strict measures against industrial units to deal with the problem of smog. He said industrial units should not be closed down to deal with the problem, as it would lead to une
Published 03 Nov, 2017 12:00am
'Punjab government to initiate Rural Solid Waste Management System'

'Punjab government to initiate Rural Solid Waste Management System'

"The Punjab government is planning to initiate Rural Solid Waste Management System (RSWMP) in the rural areas with an objective to protect human health and improve quality of life. The Punjab government is very conscious about the almost non-existent syst
Published 03 Nov, 2017 12:00am
APBF asks government to cut tax ratio to keep oil prices stable

APBF asks government to cut tax ratio to keep oil prices stable

The All Pakistan Business Forum (APBF) has condemned the government for increasing prices of petroleum products up to Rs 5.19 per liter, terming it bad news for the country's economy, as this is third consecutive hike in fuel rates leading to increasing c
Published 03 Nov, 2017 12:00am
REAP demands industry status for rice export sector
Exchange

REAP demands industry status for rice export sector

Rice Exporters Association of Pakistan (REAP) has reiterated its demand of declaring the rice export sector as new industry and providing benefits in line with other five zero rated export sectors. "Rice export sector is the second biggest foreign exchang
Published 03 Nov, 2017 12:00am
Nawaz's return spread 'disappointment' among some people: Maryam

Nawaz's return spread 'disappointment' among some people: Maryam

Former prime minister's daughter and PML-N leader Maryam Nawaz on Thursday said that Nawaz Sharif's return has spread 'disappointment' among some people. Talking informally to media persons here on Thursday, Maryam said, "Nawaz Sharif had to come back but
Published 03 Nov, 2017 12:00am
Enemies of development to face public wrath in 2018 polls: Shahbaz

Enemies of development to face public wrath in 2018 polls: Shahbaz

Punjab Chief Minister Shahbaz Sharif on Thursday said the elements who are enemies to the country's development will have to face public wrath in the general elections of 2018. While talking to a delegation of Pakistan Muslim League-N in London, on Thursd
Published 03 Nov, 2017 12:00am
UHS announces BDS exam results

UHS announces BDS exam results

The University of Health Sciences (UHS) Lahore has declared the result of IInd Professional BDS annual examination 2017. A total of 726 candidates of 12 dental colleges appeared in the exam out of which 532 passed and 186 failed. Pass percentage remained
Published 03 Nov, 2017 12:00am
Minority development fund: Punjab government allocates Rs 300 million

Minority development fund: Punjab government allocates Rs 300 million

The Punjab government has allocated Rs 300 million for Minority Development Fund for upgradation of minority's worships places, minority's communities, graveyards, roads & welfare institutions in the province. These funds would be spent by the minority's
Published 03 Nov, 2017 12:00am
British envoy for increasing two-way trade
Exchange

British envoy for increasing two-way trade

British Deputy High Commissioner, Elin Burns has discussed the matters relating to mutual trade and economic ties and called for efforts to inccrease two-way trade volume. She was speaking at a meeting with the office bearers of the Lahore Chamber of Comm
Published 03 Nov, 2017 12:00am
Turkish companies seek to invest in industrial estates

Turkish companies seek to invest in industrial estates

A Group of Turkish companies has shown its keen interest to invest in the industrial estates being managed by Punjab Industrial Estates Development and Management Company (PIEDMC). According to the company's spokesman, the Turkish delegation head Hayat Ki
Published 03 Nov, 2017 12:00am
International moot on poultry processing concludes

International moot on poultry processing concludes

Participants of the International Conference on Poultry Processing (ICPP) said that there is no regulatory authority to check and limit the use of diseased or dead bird in vet market. There is also lack of regulations related to withdrawal of antibiotics
Published 03 Nov, 2017 12:00am
PAAPAM demands withdrawal of RD on raw materials

PAAPAM demands withdrawal of RD on raw materials

A delegation of Pakistan Association of Automotive Parts & Accessories Manufacturers consisting of Sr Vice Chairman Ashraf Sheikh, and former Chairmen Muhammad Saleem and Mumshad Ali held meeting with new Federal Secretary for Industries Maroof Afzal in I
Published 03 Nov, 2017 12:00am
NTDC energizes phase-I of 500kV Port-Qasim transmission line

NTDC energizes phase-I of 500kV Port-Qasim transmission line

National Transmission and Despatch Company (NTDC) has energized first phase of 500kV double circuit quad bundle transmission line from Port Qasim power plant to interconnect with existing 500kV single circuit-1 Hub-Jamshoro transmission line. The main obj
Published 03 Nov, 2017 12:00am
Talks on FTAs with Thailand, Turkey under way, NA told

Talks on FTAs with Thailand, Turkey under way, NA told

The negotiations for free trade agreements with Turkey and Thailand are at an advanced stage to promote the country's exports. Parliamentary Secretary Commerce, Shaza Fatima told to the National Assembly on Thursday during the question-hour session. She s
Published 03 Nov, 2017 12:00am
NLC plans setting up rest areas with international standard

NLC plans setting up rest areas with international standard

In view of anticipated rise in volume of heavy vehicular traffic in wake of the China Pakistan Economic Corridor (CPEC), National Logistics Cell (NLC) has planned to establish rest areas of international standard astride national highways and CPEC routes
Published 03 Nov, 2017 12:00am
Water crisis looming, Irsa warns

Water crisis looming, Irsa warns

Indus River System Authority (Irsa) on Thursday warned about looming water crisis in the country and proposed Water Accords with Afghanistan, China and Iran on the pattern of India. "Pakistan should give top priority to water reservoirs as water crisis is
Published 03 Nov, 2017 12:00am
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