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Nov 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-11-10
US jobless claims rise more than expected

US jobless claims rise more than expected

The number of Americans filing for unemployment benefits rose more than expected last week, suggesting that claims processing disrupted by recent hurricanes has begun to improve. Initial claims for state unemployment benefits increased 10,000 to a seasona
Published 10 Nov, 2017 12:00am
Emirates airline profit rebounds
Currency

Emirates airline profit rebounds

Leading Middle East airline Emirates said Thursday its half year net profit rebounded strongly from a slump last year due to cost saving measures and favourable exchange rates. The Dubai flag carrier said it posted a net profit of $452 million in the peri
Published 10 Nov, 2017 12:00am
Emirates airline profit rebounds
Currency

Emirates airline profit rebounds

Leading Middle East airline Emirates said Thursday its half year net profit rebounded strongly from a slump last year due to cost saving measures and favourable exchange rates. The Dubai flag carrier said it posted a net profit of $452 million in the peri
Published 10 Nov, 2017 12:00am
Next German government has extra 30 billion euros to spend

Next German government has extra 30 billion euros to spend

Germany's new tax estimates show the next federal government will have around 30 billion euros available for tax cuts and additional spending over the next four years, Finance Minister Peter Altmaier said on Thursday. The tax experts' estimates show Germa
Published 10 Nov, 2017 12:00am
Gulf stocks rebound a bit after slide due to Saudi graft inquiry

Gulf stocks rebound a bit after slide due to Saudi graft inquiry

Gulf stock markets rebounded slightly on Thursday after a jittery week in which most dropped because of concern about Saudi Arabia's anti-corruption purge, which could reduce Saudi fund flows to the region. The Saudi stock index spent most of the day lowe
Published 10 Nov, 2017 12:00am
Tokyo stocks lower

Tokyo stocks lower

Tokyo stocks closed lower on Thursday with early gains wiped out as the yen edged up against the dollar. The benchmark Nikkei 225 index slipped 0.20 percent, or 45.11 points, to end at 22,868.71. The broader Topix index was down 0.25 percent or 4.49 point
Published 10 Nov, 2017 12:00am
Wall Street hits high score as videogame makers rally
Exchange

Wall Street hits high score as videogame makers rally

Wall Street closed at a record high on Wednesday as videogame makers rallied and Apple's market value climbed above $900 billion. Take-Two Interactive Software jumped 10.58 percent after the videogame maker offered a stronger-than-expected revenue forecas
Published 10 Nov, 2017 12:00am
Hong Kong stocks hit fresh decade-peak

Hong Kong stocks hit fresh decade-peak

Hong Kong stocks hit another decade-peak on Thursday, as index heavyweight Tencent smashed records again, with investor sentiment underpinned by China's strong inflation data that pointed to economic resilience. The Hang Seng index rose 0.8 percent to 29,
Published 10 Nov, 2017 12:00am
Treasury yields move higher

Treasury yields move higher

US Treasury yields edged higher on Wednesday with the yield curve close to its flattest level in a decade, as investors reduced their existing bond holdings to make room for this week's government and corporate bond supply. Demand for new issues have been
Published 10 Nov, 2017 12:00am
Treasury yields move higher

Treasury yields move higher

US Treasury yields edged higher on Wednesday with the yield curve close to its flattest level in a decade, as investors reduced their existing bond holdings to make room for this week's government and corporate bond supply. Demand for new issues have been
Published 10 Nov, 2017 12:00am
Australian shares near 10-year high; New Zealand down
Exchange

Australian shares near 10-year high; New Zealand down

Australian shares gained for a third straight session to close at their highest in nearly 10 years on Thursday, as materials and real estate stocks led the upward trend. The Australian benchmark index ended up 0.6 percent, or 33.135 points to 6,049.4. The
Published 10 Nov, 2017 12:00am
China blue-chip index at two-year high

China blue-chip index at two-year high

China stocks rose on Thursday, led by the blue-chip index scaling a fresh two-year high, as investors were encouraged by strong inflation data that showed economic momentum remains robust. The blue-chip CSI300 index rose 0.7 percent, to 4,075.90 points, w
Published 10 Nov, 2017 12:00am
European shares suffer worst day since June as earnings underwhelm

European shares suffer worst day since June as earnings underwhelm

European shares fell on Thursday as a series of underwhelming earning updates, including from industrial giant Siemens, prompted investors to take profits out of a market still trading near two-year highs. The pan-European STOXX 600 benchmark index fell 1
Published 10 Nov, 2017 12:00am
Indian shares up

Indian shares up

Indian shares ended marginally higher on Thursday, led by gains in oil refiners such as Reliance Industries Ltd as oil prices stabilised and financial stocks such as ICICI Bank Ltd. The broader NSE index closed 0.06 percent higher at 10,308.95, while the
Published 10 Nov, 2017 12:00am
Falls in Burberry, housebuilders pile pressure on FTSE

Falls in Burberry, housebuilders pile pressure on FTSE

Heavy losses from luxury group Burberry weighed on Britain's top share index on Thursday which hit a two-week low as investors showed anxiety about the retail and housebuilding sectors. Britain's blue-chip FTSE 100 index sank 0.6 percent, slightly outperf
Published 10 Nov, 2017 12:00am
Dollar slips against yen in Asian trade
Currency

Dollar slips against yen in Asian trade

The dollar slipped versus the yen on Thursday as a sudden fall in Japanese equities from multi-decade peaks dampened risk sentiment. The dollar fell 0.2 percent to 113.64 yen, having pulled back from an intraday high of 114.07 yen. Currency traders said t
Published 10 Nov, 2017 12:00am
Dollar hits nine-day low against yen in Europe
Currency

Dollar hits nine-day low against yen in Europe

The dollar slipped to its lowest this month against the yen on Thursday, pressured by talk of possible delays to US President Donald Trump's tax reform plans as well as a risk-off mood. The greenback had hit its highest levels in eight months against the
Published 10 Nov, 2017 12:00am
Dollar weakens against yen, euro in New York
Currency

Dollar weakens against yen, euro in New York

The dollar slipped to a more than one-week low against the yen on Wednesday, pressured by worries over possible delays to President Donald Trump's tax reform plans. US House of Representatives Speaker Paul Ryan on Wednesday left the door open to a possibl
Published 10 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. 81.00-81.00 (previous 80.95-81.00).
Published 10 Nov, 2017 12:00am
China's yuan flat

China's yuan flat

China's yuan traded largely flat against the US dollar on Thursday, responding to balanced corporate flows and some uncertainty over the greenback's near term movements in overseas markets, traders said. The dollar inched slightly higher against a basket
Published 10 Nov, 2017 12:00am
Asian currencies subdued
Currency

Asian currencies subdued

Asian currencies were shackled on Thursday as investors pondered the impact on the dollar stemming from potential delays to US President Donald Trump's major tax reform plans. Those considerations, along with an absence of catalysts, kept most regional cu
Published 10 Nov, 2017 12:00am
Sri Lankan rupee down
Currency

Sri Lankan rupee down

The Sri Lankan rupee ended weaker on Thursday due to heavy importer dollar demand and the purchase of US currency by banks ahead of the national budget presentation, dealers said. Sri Lanka imposed new taxes on motor vehicles, telecoms, banks and liquor t
Published 10 Nov, 2017 12:00am
Sterling slips for third day
Currency

Sterling slips for third day

Sterling fell for a third consecutive day on Thursday as growing political turbulence surrounding Prime Minister Theresa May's government sapped institutional investors' demand for British assets. While the dollar has been generally weak against its rival
Published 10 Nov, 2017 12:00am
Kiwi jumps to two-week high
Currency

Kiwi jumps to two-week high

The New Zealand dollar rose on Thursday after the country's central bank signalled a faster track for inflation and interest rate increases, while the Australian dollar stayed within recent ranges. The Reserve Bank of New Zealand (RBNZ) left interest rate
Published 10 Nov, 2017 12:00am
Easy sailing of all top seeds in CAS Junior Squash Championship

Easy sailing of all top seeds in CAS Junior Squash Championship

Easy sailing of all the top seeded players of five different age group categories after recording victories against their respective rivals in the first round of the Chief of the Air Staff National Junior Squash Championship being played here at PAF Hashi
Published 10 Nov, 2017 12:00am
Russia vows World Cup crackdown on scalpers

Russia vows World Cup crackdown on scalpers

ussian Prime Minister Dmitry Medvedev vowed on Thursday to crack down harshly on people who intended to profit from reselling their tickets to the 2018 World Cup. The price of admission for the June 14-July 15 event ranges from 1,200 rubles ($22, 19 euros
Published 10 Nov, 2017 12:00am
Trials for FATA volleyball championship begins

Trials for FATA volleyball championship begins

A trials to select FATA team for the forthcoming Lala Ayub National Volleyball Championship will be held on Friday here at Pakistan Sports Board Coaching Center. Talking to media Secretary General FATA Volleyball Association Khurshid Iqbal here Thursday s
Published 10 Nov, 2017 12:00am
Australian jockey suspended for punching horse

Australian jockey suspended for punching horse

An Australian jockey has been suspended for two weeks after punching his horse when it became unsettled before a race, officials said Thursday, in a punishment blasted as "grossly inadequate". Dylan Caboche, 22, was attempting to get She's Reneldasgirl in
Published 10 Nov, 2017 12:00am
Chinese rider given two-year ban for attack

Chinese rider given two-year ban for attack

The Chinese rider kicked out of the Tour of Hainan for attacking Swiss national team staff has been banned from professional cycling for two years, Chinese cycling chiefs said. Wang Xin, his Keyi Look team and three of their staff were punished for what t
Published 10 Nov, 2017 12:00am
Treet Polo Cup 2017: Terra Energy, Dewa's Own post wins

Treet Polo Cup 2017: Terra Energy, Dewa's Own post wins

Terra Energy and Dewa's Own Thursday registered contrastive victories on the third day of the Treet Polo Cup 2017 being played here at the Lahore Polo Club (LPC) ground. In the encounter played between Dewa's Own and Artema Medical, Saqib Khan Khakwani st
Published 10 Nov, 2017 12:00am
PSO sweep GomalZam Dam Jeep Race

PSO sweep GomalZam Dam Jeep Race

The country's leading oil marketing company Pakistan State Oil (PSO), in continuation of its support for motor sports in the country has sponsored yet another thrilling motor sports event, 'Pakistan Motor Rally' which was being organized by Pakistan Army
Published 10 Nov, 2017 12:00am
Bangladesh cricket coach Hathurusingha resigns

Bangladesh cricket coach Hathurusingha resigns

The head coach of Bangladesh's national cricket team has resigned, the sport's board said Thursday, amid reports of his taking charge of the Sri Lankan team. Chandika Hathurusingha, who is Sri Lankan, tendered his resignation in a letter during Bangladesh
Published 10 Nov, 2017 12:00am
CNS Amateur Golf Championship begins

CNS Amateur Golf Championship begins

A three-day Seventh CNS Amateur Golf Championship 2017 will get underway under the auspices of Pakistan Navy from Friday (today) here at the Lahore Garrison Golf and Country Club. The event represents a continuity of effort and devotion by Pakistan Navy t
Published 10 Nov, 2017 12:00am
Sharjeel appeal against spot-fixing ban rejected

Sharjeel appeal against spot-fixing ban rejected

An appeal by fast-rising Pakistan opener Sharjeel Khan against a five-year ban over spot-fixing was rejected this week with his lawyer Thursday vowing to challenge the decision in a higher court. Sharjeel, 28, was banned for five years, two-and-a-half of
Published 10 Nov, 2017 12:00am
Nato looks for Afghans to take offensive in 2018: US general

Nato looks for Afghans to take offensive in 2018: US general

After another brutal fighting season that saw the Taliban kill thousands of Afghan security forces, a top US general thinks local troops will soon seize the momentum. General John Nicholson, who heads the US and Nato missions in Afghanistan, said a series
Published 10 Nov, 2017 12:00am
Anti-IS forces retake last jihadist bastion in Syria

Anti-IS forces retake last jihadist bastion in Syria

Syrian troops and allied militiamen on Thursday expelled Islamic State group fighters from Albu Kamal, the last significant town the jihadists still held in their disintegrating "caliphate". The jihadists' latest rout left them with only the dregs of a se
Published 10 Nov, 2017 12:00am
Zimbabwe re-names airport after Mugabe

Zimbabwe re-names airport after Mugabe

Zimbabwean President Robert Mugabe attended a ceremony re-naming Harare Airport in his honour on Thursday, as his sacking of the vice president fuelled speculation over his succession plans. The 93-year-old president unveiled a plaque at the newly named R
Published 10 Nov, 2017 12:00am
Qatar appoints women to Shura Council

Qatar appoints women to Shura Council

Qatar has appointed women to one of its most important consultative bodies, the Shura Council, for the first time in the country's history, according to a royal decree announced Thursday. Four woman will sit on the 45-strong council, which is responsible
Published 10 Nov, 2017 12:00am
Nato commander tells Russia: 'stop meddling'

Nato commander tells Russia: 'stop meddling'

The commander of Nato forces in Europe, US General Curtis Scaparrotti, on Thursday demanded Russia "stop meddling" in European elections, amid concerns about Kremlin interference in the Catalan crisis. Spanish media have accused Moscow-backed outlets such
Published 10 Nov, 2017 12:00am
Poland rules out 'Polexit' but slams European Commission

Poland rules out 'Polexit' but slams European Commission

Polish Prime Minister Beata Szydlo on Thursday said her country would not follow Britain and leave the European Union, but criticised the European Commission for overstepping its brief. "The vast majority of Poles are in favour of Poland's presence in the
Published 10 Nov, 2017 12:00am
Putin says US plotted doping scandal to swing Russian vote

Putin says US plotted doping scandal to swing Russian vote

President Vladimir Putin on Thursday accused the United States of inventing doping allegations against Russian athletes to influence next year's presidential election, which he is widely expected to contest and win. "In response to our alleged interferenc
Published 10 Nov, 2017 12:00am
Algeria, Mauritania to open first border post

Algeria, Mauritania to open first border post

Maghreb neighbours Algeria and Mauritania are to open their first border post more than 50 years after independence from France, the Mauritanian news agency AMI reported Thursday. Mauritanian Interior Minister Ahmedou Ould Abdallah and Algerian counterpar
Published 10 Nov, 2017 12:00am
US unveils 1 billion euro joint investment with UAE

US unveils 1 billion euro joint investment with UAE

French President Emmanuel Macron on Thursday announced a one-billion euro joint investment platform with the United Arab Emirates whose funds are to be invested in France. This agreement "will allow us to mobilise our economy with the investment strength
Published 10 Nov, 2017 12:00am
US announces surprise Saudi visit

US announces surprise Saudi visit

French President Emmanuel Macron announced he will visit Saudi Arabia on Thursday night for talks with the kingdom's powerful crown prince on the rising tensions between Tehran and Riyadh. Macron, on his debut visit to the Middle East, made the surprise a
Published 10 Nov, 2017 12:00am
US risks pushing Iran to build nukes: Macron

US risks pushing Iran to build nukes: Macron

US pressure to renegotiate the Iran nuclear deal could push Tehran into deciding to build its own nuclear weapons, French President Emmanuel Macron warned in an interview published Thursday. "If you want to stop any relation with Iran regarding nuclear ac
Published 10 Nov, 2017 12:00am
German court gives Swiss tax spy suspended sentence, fine
Exchange

German court gives Swiss tax spy suspended sentence, fine

A Swiss man who admitted to spying on German tax officials was given a suspended sentence and fined by a German court, in a case that has tested ties between Berlin and Bern. Daniel Moser, 54, was arrested in the German business capital Frankfurt in April
Published 10 Nov, 2017 12:00am
Lebanon believes Saudi Arabia holds Hariri, demands return

Lebanon believes Saudi Arabia holds Hariri, demands return

Lebanon believes Saad al-Hariri is held in Saudi Arabia, from where he resigned as prime minister, two top Lebanese government officials said, amid a deepening crisis pushing Lebanon onto the frontlines of a power struggle between Saudi Arabia and Iran. A
Published 10 Nov, 2017 12:00am
New York cotton touches two-week high on short covering
Cotton

New York cotton touches two-week high on short covering

ICE cotton futures climbed to a two-week high on Wednesday helped by short covering ahead of the monthly crop supply and demand report from the US government. Cotton contracts for March settled up 0.4 cent, or 0.58 percent, at 68.86 cents per lb. Earlier
Published 10 Nov, 2017 12:00am
Shanghai metals drop
Exchange

Shanghai metals drop

Shanghai Futures Exchange nickel dropped 2.2 percent on Thursday as traders said prices were correcting after they surged by 10 percent across an industry week in London last week. ShFE copper also slipped 1 percent to 53,230 yuan ($8,026) a tonne. Shangh
Published 10 Nov, 2017 12:00am
Nickel slides as electric vehicle-fuelled rally reverses
Exchange

Nickel slides as electric vehicle-fuelled rally reverses

Nickel fell more than 3 percent on Thursday, slipping further from the more than two-year high it hit last week on speculation that an expected electric vehicle boom would drive up demand. Nickel prices surged almost 10 percent during the annual London Me
Published 10 Nov, 2017 12:00am
Rubber falls
Exchange

Rubber falls

Benchmark Tokyo rubber futures fell further on Thursday, weighed down by a decline in Shanghai futures and worries over sluggish global demand for rubber, brokers said. TOCOM has also been hit by profit-taking, after touching a near one-month high of 207
Published 10 Nov, 2017 12:00am
Malaysian palm oil falls
Vegetable Oil

Malaysian palm oil falls

Malaysian palm oil futures fell in the second half of trade on Thursday, dropping from a one-week high earlier in the session on expectations of weaker cargo surveyor export data scheduled for release on Friday. The benchmark palm oil contract for January
Published 10 Nov, 2017 12:00am
New York cocoa climbs

New York cocoa climbs

New York cocoa rose to a 9-1/2 month high on Thursday before this week's run-up in prices temporarily stalled, while raw sugar climbed to its highest level in more than three months. March New York cocoa was down $13, or 0.6 percent, at $2,175 a tonne by
Published 10 Nov, 2017 12:00am
Gold moves up in Asia
Currency

Gold moves up in Asia

Gold prices edged higher on Thursday, after marking a near three-week high in the previous session, as the dollar eased while palladium hit a fresh peak since February 2001. Spot gold rose 0.2 percent at $1,283.91 per ounce at 0844 GMT. On Wednesday, it r
Published 10 Nov, 2017 12:00am
Gold climbs in Europe
Exchange

Gold climbs in Europe

A weaker dollar pushed gold prices to a three-week high on Thursday, the second such climb in successive days, while palladium rose to a 16-year peak as speculators resumed buying. Spot gold was up 0.3 percent at $1,284.47 per ounce by 1500 GMT after touc
Published 10 Nov, 2017 12:00am
US MIDDAY: corn drops

US MIDDAY: corn drops

US corn futures plunged on Thursday after the US Department of Agriculture projected a bigger-than-expected 2017 US harvest due to a record-large average yield that topped even the highest trade forecasts. Soyabeans also dropped as the USDA left its 2017
Published 10 Nov, 2017 12:00am
US MIDDAY: gold rises
Exchange

US MIDDAY: gold rises

Gold was higher on Thursday as a weaker dollar pushed prices during the session to a three-week high for the second time in successive days, while palladium dipped but stayed close to 16-year peak hit during the session. Spot gold was up 0.4 percent at $1
Published 10 Nov, 2017 12:00am
Bank Alfalah partners with Mastercard for Masterpass QR rollout

Bank Alfalah partners with Mastercard for Masterpass QR rollout

In a move aimed at further driving the cashless ecosystem in Pakistan, Mastercard, a leading technology company in the global payments industry, has collaborated with Bank Alfalah Limited, the country's premier banking institution, to enable its Masterpas
Published 10 Nov, 2017 12:00am
CCI meeting summoned

CCI meeting summoned

Prime Minister Shahid Khaqan Abbasi has convened a meeting of Council of Common Interests (CCI) on Monday on the issue of delimitation of constituencies. The meeting will be attended by all the chief ministers with one-point agenda item to discuss the res
Published 10 Nov, 2017 12:00am
Kulbhushan case: AGP gives in-camera briefing to Senate

Kulbhushan case: AGP gives in-camera briefing to Senate

Attorney General for Pakistan Ashtar Ausaf Ali Thursday gave an in-camera briefing to Senate over the case of Kulbhushan Jhadav pending before the International Court of Justice, The Hague. Earlier on October 11, Pakistan had designated former Chief Justi
Published 10 Nov, 2017 12:00am
Nawaz's tirade against judiciary may pose threat to country: Siraj

Nawaz's tirade against judiciary may pose threat to country: Siraj

Chief of Jamaat-e-Islami (JI), Pakistan Senator Sirajul Haq, has said that Nawaz Sharif's remarks on the Supreme Court decision were unbecoming of his stature and his attempt to degrade the judiciary could pose a serious threat to the country's future. He
Published 10 Nov, 2017 12:00am
MapleLeaf Cement Factory Limited
Mutual Funds

MapleLeaf Cement Factory Limited

MapleLeaf Cement (PSX: MLCF) as it stands today falls in the mid-tier cement company category within the cement industry and is located in Mianwali, Punjab catering to particularly the market in the north. In 1956, the company was set up by the West Pakis
Published 10 Nov, 2017 12:00am
MapleLeaf Cement Factory Limited
Mutual Funds

MapleLeaf Cement Factory Limited

MapleLeaf Cement (PSX: MLCF) as it stands today falls in the mid-tier cement company category within the cement industry and is located in Mianwali, Punjab catering to particularly the market in the north. In 1956, the company was set up by the West Pakis
Published 10 Nov, 2017 12:00am
Social issues: social scientists' research papers submitted to HEC

Social issues: social scientists' research papers submitted to HEC

The country's 10 renowned social scientists have submitted their thematic research papers and detailed case studies funded by the Higher Education Commission to find the solutions of social problems confronting the nation like threat to national security
Published 10 Nov, 2017 12:00am
Homage paid to Allama Iqbal

Homage paid to Allama Iqbal

Glowing tributes were paid to poet, philosopher and the conceiver of idea of Pakistan Dr Allama Muhammad Iqbal, as his 140th birth anniversary was observed on Thursday with national spirit. Literary, educational, social and cultural organizations held spe
Published 10 Nov, 2017 12:00am
PTI commemorates Iqbal Day

PTI commemorates Iqbal Day

The Pakistan Tehreek-e-Insaf (PTI) organised a function to celebrate Iqbal Day here on Thursday. While addressing a gathering, PTI senior leader Ejaz Ahmed Chaudary said that in the 70 years history of the country, after Mujeebur Rehman and Altaf Hussain,
Published 10 Nov, 2017 12:00am
Cake cutting ceremony held at Iqbal Manzil

Cake cutting ceremony held at Iqbal Manzil

A special birthday cake cutting ceremony was held at Iqbal Manzil (the birthplace of Iqbal) under the auspices of District Council Sialkot on Thursday in connection with birthday celebrations of Allama Iqbal. The cake cutting ceremony was performed by Cha
Published 10 Nov, 2017 12:00am
Transparent accountability buried, nepotism & bribery in vogue: CM

Transparent accountability buried, nepotism & bribery in vogue: CM

Punjab Chief Minister Shehbaz Sharif Thursday said the process of transparent accountability has been buried while a culture of nepotism, recommendation and bribery is in vogue in the country. Talking to media on Thursday, Shehbaz said the corrupt elite h
Published 10 Nov, 2017 12:00am
Maulana Tariq Jamil meets Nawaz

Maulana Tariq Jamil meets Nawaz

Religious scholar Maulana Tariq Jamil met former Prime Minister and PML-N President Nawaz Sharif at his Raiwind residence on Thursday and discussed matters of mutual interest. Sources claim that Maulana Tariq Jamil enquired about the health of Begum Kulso
Published 10 Nov, 2017 12:00am
Punjab Youth Commission's maiden meeting held

Punjab Youth Commission's maiden meeting held

A consultative meeting of the Punjab Youth Commission was held at the Department of Youth Affairs, Sports, Archaeology and Tourism Lahore on Thursday. The meeting was chaired by Minister for Youth Affairs and Sports, Jehangir Khanzada as the Chairman of t
Published 10 Nov, 2017 12:00am
PTUT to be functional by March: minister

PTUT to be functional by March: minister

The first technical and vocational university of Pakistan Punjab Tianjin University of Technology (PTUT), which is being established in collaboration with China, will be operational from March 2018. Minister School Education Rana Mashood Ahmad Khan announ
Published 10 Nov, 2017 12:00am
Death anniversary of Mohammad Ashraf marked

Death anniversary of Mohammad Ashraf marked

The 34th death anniversary of Chaudhry Muhammad Ashraf, former Senator, renowned industrialist and founder of Ashraf Group of Industries was held with solemnity. Late Ch Muhammad Ashraf was father of Chaudhry Muhammad Zaka Ashraf, Chairman Ashraf Group of
Published 10 Nov, 2017 12:00am
Lesco service centres fail to redress consumers' grievances

Lesco service centres fail to redress consumers' grievances

The customer service centres of Lahore Electric Supply Company (LESCO) have failed to redress consumers' grievances, as the concerned circle dispatches a new inflated bill before the information regarding correction of previous one reaches to it. Consumer
Published 10 Nov, 2017 12:00am
Urea export: government facing pressure to extend deadline

Urea export: government facing pressure to extend deadline

Fertilizer industry is reportedly putting pressure on the government to extend urea export deadline up to December 31, 2017, well-informed sources told Business Recorder. In this regard, Commerce Minister Pervaiz Malik presided over a meeting with
Published 10 Nov, 2017 12:00am
Nation celebrates 140th birth anniversary of Allama Iqbal

Nation celebrates 140th birth anniversary of Allama Iqbal

A change of guards ceremony was held on Thursday at the mausoleum of Dr Allama Muhammad Iqbal as the entire nation celebrated the 140th birth anniversary of the national poet. A smartly turned out contingent of Pakistan Navy clad in immaculate whites assu
Published 10 Nov, 2017 12:00am
Imran reiterates demand for early polls

Imran reiterates demand for early polls

Pakistan Tehreek-i-Insaf (PTI) chairman Imran Khan on Thursday reiterated his party's demand for early elections while terming them beneficial for the people of Pakistan under the current circumstances in the country. Addressing media in Chitral, he said
Published 10 Nov, 2017 12:00am
SECP collects Rs 19 million as penalties during 2016-17
Exchange

SECP collects Rs 19 million as penalties during 2016-17

The Securities and Exchange Commission of Pakistan (SECP) has collected Rs 19 million as penalties during 2016-17 which have been deposited in the Federal Consolidated Fund (FCF). According to the SECP Annual Report 2017 on financial position of the commi
Published 10 Nov, 2017 12:00am
PFUJ seeks protection for Balochistan journalists

PFUJ seeks protection for Balochistan journalists

The PFUJ has expressed its deep concern over the increasing attacks on working journalists in Balochistan by extremists and religious bigots. It has been made it extremely difficult for journalists in Balochistan to perform their professional duties. A nu
Published 10 Nov, 2017 12:00am
Malaysia seeks more imports from Pakistan

Malaysia seeks more imports from Pakistan

The consul general of Malaysia, Ismail Bin Mohamad Bkri, has spoken of his country's interest in import of fruits, vegetables, meat, and textile products from Pakistan. Addressing members of the Korangi Association of Trade and Industry he said that Malay
Published 10 Nov, 2017 12:00am
Government shuts down last MSF facility in tribal areas

Government shuts down last MSF facility in tribal areas

Government on Thursday told medical charity Medecins Sans Frontieres' (MSF) to shut its last remaining facility in the impoverished tribal belt bordering Afghanistan, the health organisation said. The closure ends MSF's four-year stint in the Bajaur regio
Published 10 Nov, 2017 12:00am
Khushhali Microfinance Bank inks MOU with PARC

Khushhali Microfinance Bank inks MOU with PARC

Khushhali Microfinance Bank has signed an agreement with Pakistan Agricultural Research Council (PARC) in its pursuit of achieving the goal of promoting sustainable agricultural environment for the farmers in the rural areas of Pakistan. The alliance aims
Published 10 Nov, 2017 12:00am
FPCCI supports demands for withdrawal of RD

FPCCI supports demands for withdrawal of RD

Businessman Panel at the Federation of Pakistan Chamber of Commerce and Industry has announced to support the Lahore Chamber of Commerce and Industry's demands for immediate withdrawal of regulatory duty and withholding tax. The Panel's chairman Mian Anju
Published 10 Nov, 2017 12:00am
FO invites India to engage in meaningful dialogue
Exchange

FO invites India to engage in meaningful dialogue

Foreign Office Thursday declared that India's offensive doctrines-Cold Start Doctrine and Pro-Active Strategy- expose irresponsible behavior in a nuclearized region. Responding to media queries during his weekly press briefing, Foreign Office Spokesperson
Published 10 Nov, 2017 12:00am
Two international labs reaffirm quality of Haleeb milk

Two international labs reaffirm quality of Haleeb milk

Based on comprehensive tests carried out by two independent international food testing laboratories at the behest of the Punjab Food Authority (PFA), Haleeb's UHT treated packaged milk was found fully meeting the specified quality standards, thereby negat
Published 10 Nov, 2017 12:00am
SECP cancels licences of 93 brokers during 2016-17
Exchange

SECP cancels licences of 93 brokers during 2016-17

The Securities and Exchange Commission of Pakistan (SECP) has cancelled licenses of 93 securities brokers during 2016-17. The SECP's annual report 2017 revealed that during 2016-17, licenses of 93 securities, brokers were cancelled. Out of which, licences
Published 10 Nov, 2017 12:00am
Two die, five injured as pickup plunges into ravine

Two die, five injured as pickup plunges into ravine

Two people lost their lives and five other sustained injuries as a pickup plunges into a ravine in Umari area of Lower Dir on Thursday. According to reports, the pickup was heading to a local market when it fell into a gorge killing two people on the spot
Published 10 Nov, 2017 12:00am
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