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Print - 2017-11-08
Police seize 5,000 kg of drugs from truck

Police seize 5,000 kg of drugs from truck

Police got hold of a truck carrying huge quantity of smuggled narcotics worth around rupees 200 million, from Manghopir, here on Tuesday. Police said that on a tip-off, they conducted a raid in Muhammad Khan Colony near Northern Bypass in Manghopir and re
Published 08 Nov, 2017 12:00am
President opens Bank of China's operations

President opens Bank of China's operations

President Mamnoon Hussain on Tuesday said China had emerged as a major investor and partner for Pakistan with great prospects of materializing the possibilities of development in both countries. Addressing the inauguration ceremony of launch of Bank of Ch
Published 08 Nov, 2017 12:00am
President opens Bank of China''s operations

President opens Bank of China''s operations

President Mamnoon Hussain on Tuesday said China had emerged as a major investor and partner for Pakistan with great prospects of materializing the possibilities of development in both countries. Addressing the inauguration ceremony of launch of Bank of Ch
Published 08 Nov, 2017 12:00am
Securities ventures: China plans easing foreign holding, partner choice

Securities ventures: China plans easing foreign holding, partner choice

China plans to allow global banks to take a stake of up to 51 percent in their onshore securities ventures for the first time and tie up with local non-financial firms, people familiar with the matter said. The move, if implemented, would form a key part
Published 08 Nov, 2017 12:00am
Securities ventures: China plans easing foreign holding, partner choice

Securities ventures: China plans easing foreign holding, partner choice

China plans to allow global banks to take a stake of up to 51 percent in their onshore securities ventures for the first time and tie up with local non-financial firms, people familiar with the matter said. The move, if implemented, would form a key part
Published 08 Nov, 2017 12:00am
Securities ventures: China plans easing foreign holding, partner choice

Securities ventures: China plans easing foreign holding, partner choice

China plans to allow global banks to take a stake of up to 51 percent in their onshore securities ventures for the first time and tie up with local non-financial firms, people familiar with the matter said. The move, if implemented, would form a key part
Published 08 Nov, 2017 12:00am
THE RUPEE: minor changes
Currency

THE RUPEE: minor changes

Little changes were seen on the money market on Tuesday as the rupee showed slight gains in terms of the dollar in the process of trading activity, dealers said. The rupee firmly held its overnight levels in relation to the dollar for buying and selling a
Published 08 Nov, 2017 12:00am
Southern Punjab, upper Sindh: PM briefed about recent power outages

Southern Punjab, upper Sindh: PM briefed about recent power outages

Prime Minister Shahid Khaqan Abbasi has directed Power Division to prepare a long-term power sector plan with clear targets for induction of power from various sources to ensure reliable and cheap electricity throughout the year. He gave this instructions
Published 08 Nov, 2017 12:00am
THE RUPEE: minor changes
Currency

THE RUPEE: minor changes

Little changes were seen on the money market on Tuesday as the rupee showed slight gains in terms of the dollar in the process of trading activity, dealers said. The rupee firmly held its overnight levels in relation to the dollar for buying and selling a
Published 08 Nov, 2017 12:00am
Southern Punjab, upper Sindh: PM briefed about recent power outages

Southern Punjab, upper Sindh: PM briefed about recent power outages

Prime Minister Shahid Khaqan Abbasi has directed Power Division to prepare a long-term power sector plan with clear targets for induction of power from various sources to ensure reliable and cheap electricity throughout the year. He gave this instructions
Published 08 Nov, 2017 12:00am
Southern Punjab, upper Sindh: PM briefed about recent power outages

Southern Punjab, upper Sindh: PM briefed about recent power outages

Prime Minister Shahid Khaqan Abbasi has directed Power Division to prepare a long-term power sector plan with clear targets for induction of power from various sources to ensure reliable and cheap electricity throughout the year. He gave this instructions
Published 08 Nov, 2017 12:00am
Schools shut amid health emergency as smog blankets New Delhi

Schools shut amid health emergency as smog blankets New Delhi

A public health emergency was declared as choking smog blanketed New Delhi on Tuesday, with authorities ordering the temporary closure of all primary schools in the world's most polluted capital city. The US embassy website said levels of the fine polluta
Published 08 Nov, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (November 07, 2017).

Published 08 Nov, 2017 12:00am
Schools shut amid health emergency as smog blankets New Delhi

Schools shut amid health emergency as smog blankets New Delhi

A public health emergency was declared as choking smog blanketed New Delhi on Tuesday, with authorities ordering the temporary closure of all primary schools in the world's most polluted capital city. The US embassy website said levels of the fine polluta
Published 08 Nov, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (November 07, 2017).

Published 08 Nov, 2017 12:00am
BRIndex100 sheds 4.26 points
Exchange

BRIndex100 sheds 4.26 points

Pakistan Stock Exchange Tuesday witnessed a mixed trend following lack of interest by investors. BRIndex100 lost 4.26 points or 0.1 percent to close at 4,394.38 points. BRIndex100 touched intraday high of 4,425.22 and an intraday low of 4,391.08 points. T
Published 08 Nov, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (November 07, 2017).

Published 08 Nov, 2017 12:00am
BRIndex100 sheds 4.26 points
Exchange

BRIndex100 sheds 4.26 points

Pakistan Stock Exchange Tuesday witnessed a mixed trend following lack of interest by investors. BRIndex100 lost 4.26 points or 0.1 percent to close at 4,394.38 points. BRIndex100 touched intraday high of 4,425.22 and an intraday low of 4,391.08 points. T
Published 08 Nov, 2017 12:00am
BRIndex100 sheds 4.26 points
Exchange

BRIndex100 sheds 4.26 points

Pakistan Stock Exchange Tuesday witnessed a mixed trend following lack of interest by investors. BRIndex100 lost 4.26 points or 0.1 percent to close at 4,394.38 points. BRIndex100 touched intraday high of 4,425.22 and an intraday low of 4,391.08 points. T
Published 08 Nov, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (November 07, 2017)

Published 08 Nov, 2017 12:00am
430 kilometres Lahore-Peshawar oil pipeline to be laid
Exchange

430 kilometres Lahore-Peshawar oil pipeline to be laid

The government will lay 430km oil pipeline from Lahore to Peshawar at an estimated cost of Rs 56 billion to be completed within two years, well informed sources told Business Recorder. Presently, consumption of petroleum products in the country is
Published 08 Nov, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (November 07, 2017).

Published 08 Nov, 2017 12:00am
430 kilometres Lahore-Peshawar oil pipeline to be laid
Exchange

430 kilometres Lahore-Peshawar oil pipeline to be laid

The government will lay 430km oil pipeline from Lahore to Peshawar at an estimated cost of Rs 56 billion to be completed within two years, well informed sources told Business Recorder. Presently, consumption of petroleum products in the country is
Published 08 Nov, 2017 12:00am
430 kilometres Lahore-Peshawar oil pipeline to be laid
Exchange

430 kilometres Lahore-Peshawar oil pipeline to be laid

The government will lay 430km oil pipeline from Lahore to Peshawar at an estimated cost of Rs 56 billion to be completed within two years, well informed sources told Business Recorder. Presently, consumption of petroleum products in the country is
Published 08 Nov, 2017 12:00am
POL discovers hydrocarbon field in Makori

POL discovers hydrocarbon field in Makori

Pakistan Oilfields Limited (POL) has notified discovery of hydrocarbons at development well Makori East-06, in the TAL Block. The Drill Stem Test (DST) tested potential of Hungu and Lumshiwal formations with the well showing potential to produce 1,817 bpd
Published 08 Nov, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (November 07, 2017).

Published 08 Nov, 2017 12:00am
POL discovers hydrocarbon field in Makori

POL discovers hydrocarbon field in Makori

Pakistan Oilfields Limited (POL) has notified discovery of hydrocarbons at development well Makori East-06, in the TAL Block. The Drill Stem Test (DST) tested potential of Hungu and Lumshiwal formations with the well showing potential to produce 1,817 bpd
Published 08 Nov, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (November 07, 2017) and the forecast for Wednesday (November 08, 2017).

Published 08 Nov, 2017 12:00am
POL discovers hydrocarbon field in Makori

POL discovers hydrocarbon field in Makori

Pakistan Oilfields Limited (POL) has notified discovery of hydrocarbons at development well Makori East-06, in the TAL Block. The Drill Stem Test (DST) tested potential of Hungu and Lumshiwal formations with the well showing potential to produce 1,817 bpd
Published 08 Nov, 2017 12:00am
Trump 'not invited' to Paris climate summit

Trump 'not invited' to Paris climate summit

US President Donald Trump is not among the around 100 heads of state and government invited to next month's climate summit in Paris, a French presidential aide said Tuesday. "For now, President Donald Trump is not invited," he said, while noting that repr
Published 08 Nov, 2017 12:00am
Trump 'not invited' to Paris climate summit

Trump 'not invited' to Paris climate summit

US President Donald Trump is not among the around 100 heads of state and government invited to next month's climate summit in Paris, a French presidential aide said Tuesday. "For now, President Donald Trump is not invited," he said, while noting that repr
Published 08 Nov, 2017 12:00am
Naeem Zamindar made BoI chairman

Naeem Zamindar made BoI chairman

The federal government has decided to appoint Naeem Y Zamindar as Chairman Board of Investment (BoI). Sources said that the official notification is likely to issue very soon.
Published 08 Nov, 2017 12:00am
Naeem Zamindar made BoI chairman

Naeem Zamindar made BoI chairman

The federal government has decided to appoint Naeem Y Zamindar as Chairman Board of Investment (BoI). Sources said that the official notification is likely to issue very soon.
Published 08 Nov, 2017 12:00am
Naeem Zamindar made BoI chairman

Naeem Zamindar made BoI chairman

The federal government has decided to appoint Naeem Y Zamindar as Chairman Board of Investment (BoI). Sources said that the official notification is likely to issue very soon.
Published 08 Nov, 2017 12:00am
Authenticity questioned: Senate panel for making census results public

Authenticity questioned: Senate panel for making census results public

The Senate Standing Committee on Privatization and Statistics questioning the authenticity of the latest census results in the country, recommended making the provisional results public as the delay is hampering delimitation process for the upcoming gener
Published 08 Nov, 2017 12:00am
Authenticity questioned: Senate panel for making census results public

Authenticity questioned: Senate panel for making census results public

The Senate Standing Committee on Privatization and Statistics questioning the authenticity of the latest census results in the country, recommended making the provisional results public as the delay is hampering delimitation process for the upcoming gener
Published 08 Nov, 2017 12:00am
Saudi banks freeze more than 1,200 accounts in probe

Saudi banks freeze more than 1,200 accounts in probe

Saudi Arabian banks have frozen more than 1,200 accounts belonging to individuals and companies in the kingdom as part of the government's anti-corruption purge, bankers and lawyers said on Tuesday. They added that the number is continuing to rise. Dozens
Published 08 Nov, 2017 12:00am
Saudi banks freeze more than 1,200 accounts in probe

Saudi banks freeze more than 1,200 accounts in probe

Saudi Arabian banks have frozen more than 1,200 accounts belonging to individuals and companies in the kingdom as part of the government's anti-corruption purge, bankers and lawyers said on Tuesday. They added that the number is continuing to rise. Dozens
Published 08 Nov, 2017 12:00am
Saudi banks freeze more than 1,200 accounts in probe

Saudi banks freeze more than 1,200 accounts in probe

Saudi Arabian banks have frozen more than 1,200 accounts belonging to individuals and companies in the kingdom as part of the government''s anti-corruption purge, bankers and lawyers said on Tuesday. They added that the number is continuing to rise. Dozen
Published 08 Nov, 2017 12:00am
Riyadh rejects reports of prince's death in graft purge

Riyadh rejects reports of prince's death in graft purge

Saudi Arabia on Tuesday roundly rejected reports that a prominent prince had been killed in a sweeping anti-corruption purge of the kingdom's elite. Prince Abdulaziz bin Fahd, a son of the late king Fahd, was rumoured to have been killed in custody or whi
Published 08 Nov, 2017 12:00am
Riyadh rejects reports of prince's death in graft purge

Riyadh rejects reports of prince's death in graft purge

Saudi Arabia on Tuesday roundly rejected reports that a prominent prince had been killed in a sweeping anti-corruption purge of the kingdom's elite. Prince Abdulaziz bin Fahd, a son of the late king Fahd, was rumoured to have been killed in custody or whi
Published 08 Nov, 2017 12:00am
Masood Azhar's nephew among four killed in held Kashmir

Masood Azhar's nephew among four killed in held Kashmir

A soldier and three suspected freedom fighter, including the nephew of JeM founder Maulana Masood Azhar, were killed in a gun battle in Indian-held Kashmir, officials claimed Tuesday. Indian forces surrounded a home in the southern town of Pulwama late Mo
Published 08 Nov, 2017 12:00am
Masood Azhar's nephew among four killed in held Kashmir

Masood Azhar's nephew among four killed in held Kashmir

A soldier and three suspected freedom fighter, including the nephew of JeM founder Maulana Masood Azhar, were killed in a gun battle in Indian-held Kashmir, officials claimed Tuesday. Indian forces surrounded a home in the southern town of Pulwama late Mo
Published 08 Nov, 2017 12:00am
NA body told how economic situation can be improved

NA body told how economic situation can be improved

Experts, retired bureaucrats and businessmen have suggested National Assembly Standing Committee on Finance to take appropriate measures, including provision of incentives to exporters to reduce trade deficit, facilitating civil servants to improve their
Published 08 Nov, 2017 12:00am
NA body told how economic situation can be improved

NA body told how economic situation can be improved

Experts, retired bureaucrats and businessmen have suggested National Assembly Standing Committee on Finance to take appropriate measures, including provision of incentives to exporters to reduce trade deficit, facilitating civil servants to improve their
Published 08 Nov, 2017 12:00am
NA body told how economic situation can be improved

NA body told how economic situation can be improved

Experts, retired bureaucrats and businessmen have suggested National Assembly Standing Committee on Finance to take appropriate measures, including provision of incentives to exporters to reduce trade deficit, facilitating civil servants to improve their
Published 08 Nov, 2017 12:00am
The shady paradise

The shady paradise

The Federal Board of Revenue (FBR) has indicated that it will examine those Pakistani nationals whose names appear in the Paradise Papers, revealed by the International Consortium of Investigative Journalists (ICIJ) who are also credited with the release
Updated 09 Nov, 2017 09:48am
Russian Revolution at 100

Russian Revolution at 100

Speaking at a historians' conference held a few months after the disintegration of the Soviet Union, a veteran expert in this field had argued that historians cannot predict the future as they are no prophets. According to him, all historians examine the
Updated 08 Nov, 2017 09:36am
The rise of the renminbi
Currency

The rise of the renminbi

Now that Islamabad and Beijing are poised to enter into an expanded and intensified bilateral economic interaction as the first phase of implementation of China-Pakistan Economic Corridor (CPEC) project gets into top gear by end-2017, it is time for our o
Published 08 Nov, 2017 12:00am
SBP on debt
Currency

SBP on debt

"...Pakistan, where total debt and liabilities have crossed a whooping Rs 15 trillion. Considering the recent trends, there is zero probability of ever generating sufficient resources to meet this obligation. The more pertinent question is the extent to w
Published 08 Nov, 2017 12:00am
Draining the dark pools? EU trading rules face uncertain launch
Exchange

Draining the dark pools? EU trading rules face uncertain launch

European Union efforts to bring greater transparency to stock dealing risk having the opposite effect, forcing regulators to intervene once again after new rules come into force in January. Overall, European regulators want to promote an orderly market fo
Published 08 Nov, 2017 12:00am
Britain owes an apology

Britain owes an apology

This is apropos a Business Recorder editorial "A century of suffering" carried by the newspaper recently. The newspaper has argued, inter alia, that "The entity [ISIS] has demolished the so-called sanctity of another highly heinous agreement also i
Updated 08 Nov, 2017 09:53am
GCU Lahore to host three int'l moots in November

GCU Lahore to host three int'l moots in November

The Government College University Lahore is going to host three international conferences this month, and besides hundreds of local scholars, more than 31 eminent international scientists from different parts of the world are participating in these confer
Published 08 Nov, 2017 12:00am
Embarrassment awaits those doing 'negative' politics: Shahbaz

Embarrassment awaits those doing 'negative' politics: Shahbaz

Punjab Chief Minister Shehbaz Sharif on Tuesday said the elements involved in negative politics will get nothing except embarrassment in the next general elections. He said this while talking to the provincial ministers and members of the Punjab Assembly,
Published 08 Nov, 2017 12:00am
75 uplift schemes under SDGs planned for Lahore

75 uplift schemes under SDGs planned for Lahore

For the uplift of the provincial capital, the Lahore city government has planned 75 development schemes under the sustainable development goals (SDGs) for FY2017-18, of which Rs 136.69 million have been released for 62 approved schemes. This was disclosed
Published 08 Nov, 2017 12:00am
PTI challenges NA-120 by-poll results in ECP

PTI challenges NA-120 by-poll results in ECP

Pakistan Tehreek-e-Insaf (PTI) Tuesday challenged by-poll results of NA-120 in the Election Commission of Pakistan (ECP), highlighting major irregularities in the results. The NA-120 seat stood vacated after Supreme Court of Pakistan disqualified the then
Published 08 Nov, 2017 12:00am
Nawaz says he will not escape from 'so-called accountability process'

Nawaz says he will not escape from 'so-called accountability process'

Disqualified Prime Minister Nawaz Sharif on Tuesday said that he would not escape from the "so-called accountability process" and insisted that he has not done anything against his conscience. In an informal chat with media persons after a consultative me
Published 08 Nov, 2017 12:00am
'SC's verdict a travesty of justice'

'SC's verdict a travesty of justice'

Maryam Nawaz on Tuesday termed detailed judgment of Supreme Court in response to review pleas of Sharif family in Panama Papers judgment a "travesty of justice." In a series of tweets following the detailed verdict, she said, "This decision could only be
Published 08 Nov, 2017 12:00am
Iranian media apprised about Pakistan's sacrifice in war against terror

Iranian media apprised about Pakistan's sacrifice in war against terror

Director General of Inter Services Public Relations (ISPR), Major-General Asif Ghafoor apprised Iranian media about Pakistan's efforts, achievements and sacrifices in war against terror and towards regional peace. According to Iranian media, addressing a
Published 08 Nov, 2017 12:00am
Marriyum terms demand for early polls 'uncalled for'

Marriyum terms demand for early polls 'uncalled for'

The demand for early elections is unreasonable and it is being preferred by those people who have done nothing during the last four years except for deriding and denigrating the state institutions and churning out lies unabashedly. This was stated by Mini
Published 08 Nov, 2017 12:00am
Wheat falls

Wheat falls

US wheat futures fell more than 1 percent on Tuesday after a weekly government report said the recently planted winter crop was in better-than-expected shape and as a firming dollar created headwinds for the grain in export markets. Corn prices eased alon
Published 08 Nov, 2017 12:00am
PFUJ, KhUJ condemn attack on TV channel in Kabul

PFUJ, KhUJ condemn attack on TV channel in Kabul

Pakistan Federal Union of Journalists (PFUJ) and Khyber Union of Journalists (KhUJ) condemned the deadly terrorist attack against Shamshad Television in Kabul and urged the Afghan government to take early steps for the safety and protection of media house
Published 08 Nov, 2017 12:00am
Appointments made in Tesco draw Senate body's ire

Appointments made in Tesco draw Senate body's ire

The Senate Standing Committee on States and Frontier Regions (SAFRON) has expressed displeasure over the recruitments made by TESCO in violation of the Rule 15 of Civil Servants (Appointment, Promotion and Transfer) Rules, 1973. The meeting of the committ
Published 08 Nov, 2017 12:00am
Border closed as body of diplomat killed in Afghanistan arrives

Border closed as body of diplomat killed in Afghanistan arrives

The Khyber Pass border between Pakistan and Afghanistan was closed to all traffic on Tuesday for the return of a Pakistani diplomat who was shot dead in Afghanistan by unknown gunmen. Pakistan summoned the Afghan charge d'affaires in Islamabad to protest
Published 08 Nov, 2017 12:00am
Islamabad Red Zone sealed ahead of TLYR's rally

Islamabad Red Zone sealed ahead of TLYR's rally

City police on Tuesday sealed majority of the routes leading to Red Zone by placing containers and barbed wires to stop the entry of participants of Tehreek-e-Labaik Ya Rasool Allah (TLYR) long march who are likely to reach Islamabad in the early hours of
Published 08 Nov, 2017 12:00am
MQM-P leaders call on Zardari

MQM-P leaders call on Zardari

Muttahida Qaumi Movement Pakistan (MQM) leaders Senator Khushbakht Shujaat and a Member National Assembly Ali Rashid separately called on Asif Ali Zardari at Zardari House Islamabad on Tuesday. Prevailing political situation in the country and Karachi wer
Published 08 Nov, 2017 12:00am
Faryal visits 'Sweet Home'

Faryal visits 'Sweet Home'

President Women's Wing Pakistan Peoples Party, Faryal Talpur visited Sweet Home Islamabad. Zamurrad Khan, in-charge of Sweet Home gave her a briefing about education to children at Sweet Home Islamabad. Talpur highly appreciated the efforts of Zamurrad Kh
Published 08 Nov, 2017 12:00am
52 senators to retire on March 11, 2018

52 senators to retire on March 11, 2018

As many as 52 senators including 12 each from Punjab and Sindh, 11 each from Khyber Pakhtunkhwa and Balochistan, two from the federal capital and four from the Federally Administered Tribal Areas (FATA) will retire on March 11, 2018. Some 18 senators of P
Published 08 Nov, 2017 12:00am
Senate body calls for representation of all provinces in CCI

Senate body calls for representation of all provinces in CCI

The Senate Standing Committee on Law and Justice on Tuesday directed Law Division to look into the composition of Council of Common Interests (CCI) from 1990s till date and inform the same to the committee for further discussion on a constitutional amendm
Published 08 Nov, 2017 12:00am
Filing of returns: FBR conducts workshop to facilitate FFC employees

Filing of returns: FBR conducts workshop to facilitate FFC employees

FBR conducts workshop on filing of returns for Fauji Fertilizer Company (FFC) employees Facilitation and Taxpayer Education (FATE) Wing of the FBR and FFC on Tuesday teamed up to hold an extensive training-cum-facilitation workshop for the FCC employees k
Published 08 Nov, 2017 12:00am
Lalpir Power Limited
Mutual Funds

Lalpir Power Limited

Lalpir Power Limited (PSX: LPL) is part of the reputable Mansha Group, which also had power companies like Pakgen Power Limited, Nishat Power Limited and Engen Private Limited as part of its portfolio. It was set up in 1994 to operate a 362MW oil fired po
Published 08 Nov, 2017 12:00am
Lalpir Power Limited
Mutual Funds

Lalpir Power Limited

Lalpir Power Limited (PSX: LPL) is part of the reputable Mansha Group, which also had power companies like Pakgen Power Limited, Nishat Power Limited and Engen Private Limited as part of its portfolio. It was set up in 1994 to operate a 362MW oil fired po
Published 08 Nov, 2017 12:00am
PAC snubs CAA officials

PAC snubs CAA officials

Snubbing the senior officials of Civil Aviation Authority (CAA), the Public Accounts Committee (PAC) Tuesday observed that due to incompetence of CAA officials not only massive irregularities in various projects are surfacing but it is also putting additi
Published 08 Nov, 2017 12:00am
Minister asks tax officials to follow SOP

Minister asks tax officials to follow SOP

Provincial Minister for Excise and Taxation & Narcotics Control Mukesh Kumar Chawla has directed to all Director Taxes including Regional Directors of Hyderabad, Larkana, Mirpurkhas, Sukkur and Shaheed Benazirabad to adopt standard operating procedure " S
Published 08 Nov, 2017 12:00am
Smog-related issues: NTDC team off to China for studying Beijing model

Smog-related issues: NTDC team off to China for studying Beijing model

Minister for Power Division Sardar Awais Leghari has dispatched a team of NTDC (National Transmission and Despatch Company) to China aimed at studying Beijing model to deal with smog in the country. Leghari held a special meeting on smog related issues at
Published 08 Nov, 2017 12:00am
US MIDDAY: gold dips

US MIDDAY: gold dips

Gold prices fell 0.5 percent on Tuesday, retreating a bit from the previous day's rally as a stronger US dollar reduced the appeal of safe-haven investments, and oil prices also dipped. On Monday, bullion rose as much as 1 percent for its biggest daily ri
Published 08 Nov, 2017 12:00am
Oil eases from 2-1/2 years highs, focus on Saudi tensions

Oil eases from 2-1/2 years highs, focus on Saudi tensions

Oil eased on Tuesday after rising to the highest since July 2015 the previous day, while tension flared between Saudi Arabia and Iran and the Saudi crown prince tightened his grip on power. Brent crude futures were down 51 cents, or 0.8 percent, at $63.76
Published 08 Nov, 2017 12:00am
Gunmen storm Kabul TV station in deadly attack

Gunmen storm Kabul TV station in deadly attack

Gunmen disguised as policemen stormed a television station in Kabul on Tuesday, killing one person and wounding two dozen others in the latest deadly attack targeting Afghan journalists. The assault, claimed by the Islamic State group, lasted about three
Published 08 Nov, 2017 12:00am
Two children die as car ploughs into Australia classroom

Two children die as car ploughs into Australia classroom

Two young children were killed and three seriously injured Tuesday when a car ploughed into their classroom at a Sydney school, with witnesses and emergency services describing "pandemonium" at the scene. The tragedy occurred at the Banksia Road Public Sc
Published 08 Nov, 2017 12:00am
UK politician found dead after misconduct claims

UK politician found dead after misconduct claims

UK politician Carl Sargeant was found dead Tuesday just days after resigning over misconduct allegations as part of a wider harassment scandal embroiling parliament, police said. Sargeant's body was found on Tuesday at an address in Connah's Quay in north
Published 08 Nov, 2017 12:00am
South Korea to buy 'billions of dollars' of US weapons

South Korea to buy 'billions of dollars' of US weapons

South Korea has agreed to buy US weapons worth "billions of dollars" to guard against threats from nuclear-armed North Korea, US President Donald Trump said Tuesday. After a summit with South Korean President Moon Jae-In, Trump also said the US - the Sout
Published 08 Nov, 2017 12:00am
Trump claims progress on 'worldwide threat' of North Korea

Trump claims progress on 'worldwide threat' of North Korea

North Korea poses a worldwide threat that needs worldwide action, President Donald Trump said in Seoul Tuesday, but insisted "we are making a lot of progress" in reining in the rogue state. The US leader, standing alongside his South Korean counterpart Mo
Published 08 Nov, 2017 12:00am
New York cotton inches up on spillover buying
Cotton

New York cotton inches up on spillover buying

ICE cotton futures inched up on Monday supported by gains in other commodities markets, ahead of crop progress data from the US government due later in the day and monthly world agricultural demand and supply estimates data later in the week. Cotton contr
Published 08 Nov, 2017 12:00am
China's nickel up
Exchange

China's nickel up

Nickel led gainers in mixed trading in Chinese metals futures on Tuesday, building on hefty gains in the London market overnight on positive demand signals from the electric vehicle battery market. Nickel, more so than other metals, is attracting investme
Published 08 Nov, 2017 12:00am
Gold down in Asia

Gold down in Asia

Gold inched down on Tuesday as investors sold bullion to lock in profits after it gained nearly 1 percent in the previous session on safe-haven buying following concerns over the arrests of some Saudi royal family members and ministers on corruption charg
Published 08 Nov, 2017 12:00am