News Archives for Print - 2017-11-19 - Business Recorder

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Print - 2017-11-19

Economic strength, Franco-German harmony inure markets to eurozone politics

Currency

Economic strength, Franco-German harmony inure markets to eurozone politics

The best economic growth in a decade and a tightening of the Franco-German axis at the heart of the 19-member eurozone has de-sensitized markets to European political risks and will keep money flowing into the bloc in 2018, top investors said this week. E

Published 19 Nov, 2017 12:00am

Volkswagen to spend 34 billion euros in drive to become e-car leader

Volkswagen to spend 34 billion euros in drive to become e-car leader

German automaker Volkswagen on Friday said it planned to invest more than 34 billion euros ($40 billion) over the next five years in new technologies to advance its push to become a global leader in electric cars. "We are reinventing the car," chief execu

Published 19 Nov, 2017 12:00am

China's home price growth picks up in October

China's home price growth picks up in October

China's new home prices rose at a slightly faster pace in October after gains had held steady the previous month, as prices remained resilient in the face of falling sales and a tighter liquidity environment. China's housing market has seen a near two-yea

Published 19 Nov, 2017 12:00am

Bangladesh to raise ICT export earnings to $5 billion

Bangladesh to raise ICT export earnings to $5 billion

Bangladesh aims to raise its export earnings from the information and communications technology (ICT) sector to $5 billion in 2021, said Zunaid Ahmed Palak, Junior Minister for ICT division of the Ministry of Post, Telecommunications and Information Techn

Published 19 Nov, 2017 12:00am

China Citic, Baidu launch direct bank in fintech push

China Citic, Baidu launch direct bank in fintech push

China Citic Bank Corp and search engine giant Baidu Inc launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalise on China's rapidly growing fintech sector. AiBank is one among several tie-ups between an internet firm and a lender

Published 19 Nov, 2017 12:00am

JCDecaux sees China becoming its No 1 market

JCDecaux sees China becoming its No 1 market

French outdoor advertising company JCDecaux sees China becoming its number one market next year against a backdrop of rising urbanisation and demand for its digital products, co-chief executive Jean-Charles Decaux said. The family-controlled group has pos

Published 19 Nov, 2017 12:00am

Trump reverses elephant trophy decision, keeps ban

Trump reverses elephant trophy decision, keeps ban

President Donald Trump said Friday he will uphold a ban on importing trophies of elephants hunted and killed in Zimbabwe, pending further review, reversing his own administration's decision from just a day earlier after a public outcry. "Put big game trop

Published 19 Nov, 2017 12:00am

Pro-trade US Republicans get nervous that NAFTA talks could fail

Currency

Pro-trade US Republicans get nervous that NAFTA talks could fail

Pro-trade Republicans in the US Congress are growing worried that US President Donald Trump may try to quit the NAFTA free trade deal entirely rather than negotiate a compromise that preserves its core benefits. As a fifth round of talks to modernize the

Published 19 Nov, 2017 12:00am

Global banks flag concerns over US Senate tax proposal

Currency

Global banks flag concerns over US Senate tax proposal

Global banks raised concerns on Friday over a provision in the US Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could hurt the banking industry. Banks initially looked to be one of the major winners o

Published 19 Nov, 2017 12:00am

African currencies week ahead: Kenyan shilling tied to Supreme Court ruling on repeat vote

Currency

African currencies week ahead: Kenyan shilling tied to Supreme Court ruling on repeat vote

Kenya's shilling will take its cue from the country's Supreme Court when it rules on the validity of a presidential election re-run held last month, while the Nigerian naira is likely to be supported by central bank interventions. KENYA - The shilling's d

Published 19 Nov, 2017 12:00am

Kazakh tenge likely to strengthen

Currency

Kazakh tenge likely to strengthen

The Kazakh tenge may strengthen by the end of this year supported by the foreign currency sales by exporters, the central bank chairman Daniyar Akishev told reporters on Tuesday. Higher supply of foreign currency, Akishev said, "makes the probability of t

Published 19 Nov, 2017 12:00am

South Korea, Canada sign first standing currency swap

Currency

South Korea, Canada sign first standing currency swap

South Korea and Canada have signed a standing bilateral currency swap agreement that will allow both countries to provide liquidity for the counterparty to support domestic financial stability, the Bank of Korea said on Thursday. The agreement, effective

Published 19 Nov, 2017 12:00am

Berlin start-up raises nearly $12 million to create equity token

Currency

Berlin start-up raises nearly $12 million to create equity token

Berlin-based Neufund said it has raised $10 million euros ($11.6 million) from private investors for its fund-raising platform, one of the first that will allow companies to issue a token or digital currency that will represent equity. CapchainX has alrea

Published 19 Nov, 2017 12:00am

Berlin start-up raises nearly $12 million to create equity token

Currency

Berlin start-up raises nearly $12 million to create equity token

Berlin-based Neufund said it has raised $10 million euros ($11.6 million) from private investors for its fund-raising platform, one of the first that will allow companies to issue a token or digital currency that will represent equity. CapchainX has alrea

Published 19 Nov, 2017 12:00am

Canadian dollar pares losses

Currency

Canadian dollar pares losses

The Canadian dollar weakened to a two-week low against its US counterpart on Friday after tame inflation data tempered prospects for Bank of Canada interest rate hikes, but losses for the currency were pared as oil rallied more than 2 percent. Canada's an

Published 19 Nov, 2017 12:00am

Dollar weak on worries over US tax reform outlook, Mueller probe

Currency

Dollar weak on worries over US tax reform outlook, Mueller probe

The dollar fell against a basket of other major currencies on Friday, as Treasury yields slipped and investors remained skeptical of US Republicans' efforts to pass tax cuts after a barren first year for the Trump administration in Congress. The dollar in

Published 19 Nov, 2017 12:00am

Mexican peso up on NAFTA talks

Mexican peso up on NAFTA talks

The Mexican peso firmed as much as 1 percent on Friday amid expectations that ongoing NAFTA talks in Mexico City would adopt a slightly more deliberative tone than in the past and focus on low-impact issues. The peso, which was trading at its strongest le

Published 19 Nov, 2017 12:00am

Speculators cut negative dollar positions to lowest since July

Currency

Speculators cut negative dollar positions to lowest since July

Speculators cut their bearish bets on the US dollar for the seventh straight week, with the net negative value of positions against the greenback falling to a four-month low. Calculations by Reuters of data from the Commodity Futures Trading Commission (C

Published 19 Nov, 2017 12:00am

Czech crown seen leading a firming of CEE currencies

Currency

Czech crown seen leading a firming of CEE currencies

The crown could lead a firming of currencies in the European Union's eastern wing in the next year, helped by the Czech central bank's (CNB) tightening of monetary conditions, a Reuters poll showed on Thursday. The median forecast in the November 6-8 surv

Published 19 Nov, 2017 12:00am

Sudan to unify currency rate in bid to win foreign investment

Currency

Sudan to unify currency rate in bid to win foreign investment

Sudan is taking steps to close the gap between its official and unofficial currency rates and scrap subsidies by end-2019 to win foreign investment after US sanctions ended, Minister of State for Finance Magdi Hassan Yassin told Reuters on Tuesday. Washin

Published 19 Nov, 2017 12:00am

Asia FX bulls add to bets; long ringgit positions at 19-month high

Currency

Asia FX bulls add to bets; long ringgit positions at 19-month high

Investors raised their bullish bets on most Asian currencies over the past two weeks, with long positions on the Malaysian ringgit at their highest since March 2016, a Reuters poll showed, as the dollar came under pressure after doubts about the prospects

Published 19 Nov, 2017 12:00am

Murray splits with coach Lendl for second time

Murray splits with coach Lendl for second time

Andy Murray has mutually agreed to end his relationship with coach Ivan Lendl for a second time, the British former world number one said on Friday. Murray was coached by Lendl from 2011-14 before he rejoined his team in June last year, helping Murray cap

Published 19 Nov, 2017 12:00am

Sri Lanka gain upper hand against India

Sri Lanka gain upper hand against India

Lahiru Thirimanne and Angelo Mathews hit half-centuries to give Sri Lanka the advantage against India on day three of the rain-hit opening Test on Saturday. The visitors were 165-4 in their first innings when bad light ended a dramatic day at Kolkata's Ed

Published 19 Nov, 2017 12:00am

Goffin shocks Federer to reach final

Goffin shocks Federer to reach final

David Goffin produced a dazzling comeback to beat hot favourite and six-time champion Roger Federer 2-6, 6-3, 6-4 on Saturday and reach the final of the ATP Finals. Federer was quickly into his stride in front of a packed house at London's O2 Arena, winni

Published 19 Nov, 2017 12:00am

Aussies in 'confusion' ahead of Ashes: Warne

Aussies in 'confusion' ahead of Ashes: Warne

Spin legend Shane Warne says Australia are in a state of "confusion" heading into the Ashes series, with England primed for a first Gabba Test boilover. Even amid the massive distraction of the Ben Stokes assault saga, Warne believes it's the tourists who

Published 19 Nov, 2017 12:00am

British rider Hegarty dies at Macau Grand Prix

British rider Hegarty dies at Macau Grand Prix

British rider Daniel Hegarty has died following an accident during the Macau Motorcycle Grand Prix on Saturday. The 31-year-old Topgun Racing Honda rider crashed on lap six of the race after hitting the barriers on the outside of the circuit. "Daniel's fa

Published 19 Nov, 2017 12:00am

Second Adventure Marathon Race begins

Second Adventure Marathon Race begins

The second Adventure Marathon Race from Pir Sohawa-Islamabad to Khanpur Lake in Haripur district got under way on Saturday. The youth, both male and female, departed their journey to Pir Sohawa-Islamabad from Tourism Information Centre located at the Pesh

Published 19 Nov, 2017 12:00am

Arsenal seize derby spoils to leave Spurs fuming

Arsenal seize derby spoils to leave Spurs fuming

Controversial goals from Shkodran Mustafi and Alexis Sanchez gave Arsenal their first Premier League success against Tottenham for over three years as the Gunners won 2-0 in a heated north London derby on Saturday. Arsene Wenger's side ended a six-match w

Published 19 Nov, 2017 12:00am

Aqeel, Ushna take Nayza All-Pakistan Tennis titles

Aqeel, Ushna take Nayza All-Pakistan Tennis titles

Tennis star Aqeel Khan has won men's singles and doubles titles while international ladies tennis player Ushna Suhail scored double hat-trick of national titles of the year 2017 in the Nayza All-Pakistan National Tennis Championship 2017 here at the PLTA

Published 19 Nov, 2017 12:00am

England humbled by novice pair in final Ashes warm-up draw

England humbled by novice pair in final Ashes warm-up draw

Novices Jason Sangha and Matt Short scored their maiden first-class centuries for a Cricket Australia XI to frustrate England on the last day of their final Ashes warm-up game on Saturday. Eighteen-year old Sangha and team skipper Short - with only seven

Published 19 Nov, 2017 12:00am

Newage defeat Terra in Polo in Pink

Newage defeat Terra in Polo in Pink

Newage defeated Terra Energy by 7-5 1/2 to book berth in the main final of while Rijas outpaced Sakuf by 9-6 1/2 to move into the subsidiary final of the Polo in Pink Tournament 2017 here at the Lahore Polo Club (LPC) ground on Saturday. In the first matc

Published 19 Nov, 2017 12:00am

Bangladesh tackles illegal cricket betting with raids

Bangladesh tackles illegal cricket betting with raids

Bangladesh has launched a series of police raids to crack down on illegal betting in cricket stadiums that has gripped the country's main Twenty20 competition, tournament officials said Saturday. Some 77 people have been thrown out of two cricket grounds

Published 19 Nov, 2017 12:00am

Maduro offers to help Trump fight drugs

Maduro offers to help Trump fight drugs

Venezuelan President Nicolas Maduro, whose top political allies have been accused by Washington of dealing in illegal narcotics, on Friday offered to help US President Donald Trump in fighting the drug trade. Top Venezuelan officials including Vice Presid

Published 19 Nov, 2017 12:00am

Venezuela opposition leader Ledezma flees to Spain

Venezuela opposition leader Ledezma flees to Spain

Veteran Venezuelan opposition leader Antonio Ledezma, under house arrest since 2015 for alleged coup plotting, escaped across the border to Colombia on Friday and later flew to Spain. With a 2018 presidential election looming, an array of major Venezuelan

Published 19 Nov, 2017 12:00am

Israeli tank fires warning shot at Syrian Golan post: army

Israeli tank fires warning shot at Syrian Golan post: army

An Israeli tank fired a warning shot on Saturday at a Syrian military position in the demilitarised zone in the northern Golan Heights following construction work there, the army said. A spokeswoman for the Israeli army told AFP that the Syrian army work

Published 19 Nov, 2017 12:00am

NASA launches next-generation weather satellite

NASA launches next-generation weather satellite

NASA on Saturday launched a next-generation satellite into space designed to monitor weather around the world and help improve forecasts. The satellite, called the Joint Polar Satellite System-1 (JPSS-1), is a joint venture between the US space agency and

Published 19 Nov, 2017 12:00am

EU to pick post-Brexit agency winners

EU to pick post-Brexit agency winners

The fight to host major EU regulatory agencies leaving London after Brexit reaches its climax Monday when ministers vote to choose new host cities in a perplexing process compared to the Eurovision song contest. The 27 EU affairs ministers meeting in Brus

Published 19 Nov, 2017 12:00am

PLO presence in Washington threatened: Palestinians

PLO presence in Washington threatened: Palestinians

The US State Department has refused to renew operating permission for the Palestine Liberation Organisation's office in Washington for the first time since the 1980s, a Palestinian official said Saturday. The PLO, which the international community sees as

Published 19 Nov, 2017 12:00am

France should not interfere in Iran's missile programme

Exchange

France should not interfere in Iran's missile programme

France should not interfere in Iran's missile programme, Ali Akbar Velayati, a senior adviser to Iran's supreme leader, said on Saturday according to state media. French President Emmanuel Macron said on Friday that Tehran should be less aggressive in the

Published 19 Nov, 2017 12:00am

Saudi Arabia recalls ambassador to Germany over Gabriel comments

Saudi Arabia recalls ambassador to Germany over Gabriel comments

Saudi Arabia has summoned its ambassador in Germany home for consultations over comments by German Foreign Minister Sigmar Gabriel about the political crisis in Lebanon. The Saudi foreign ministry said the government would deliver a protest note to German

Published 19 Nov, 2017 12:00am

Sixth Miss World win draws India level with Venezuela

Sixth Miss World win draws India level with Venezuela

An Indian medical student was crowned Miss World at a glitzy event in a Chinese resort on Saturday, making her country the joint-most successful in the beauty pageant's history. Manushi Chhillar is the sixth Indian winner of the long-running contest, foll

Published 19 Nov, 2017 12:00am

Fashion giant Azzedine Alaia dies

Fashion giant Azzedine Alaia dies

French-Tunisian designer Azzedine Alaia, whose timeless gowns won an army of devotees around the world, has died at the age of 77, France's fashion federation said Saturday. Alaia, who rose to fame in the 1980s, refused to march to the beat of internation

Published 19 Nov, 2017 12:00am

Turkey opens criminal probes against Zarrab's US prosecutors

Exchange

Turkey opens criminal probes against Zarrab's US prosecutors

Turkish prosecutors on Saturday launched a criminal probe against the American attorneys behind a case that has angered President Recep Tayyip Erdogan, accusing them of faking evidence. Reza Zarrab, a Turkish-Iranian national, and Mehmet Hakan Atilla, the

Published 19 Nov, 2017 12:00am

Cambodian reporters charged with espionage for filing news to US

Cambodian reporters charged with espionage for filing news to US

Two Cambodian journalists were charged on Saturday with spying over news reports they allegedly filed to US-based Radio Free Asia, amid a sweeping government crackdown on dissent that has tipped the country's democracy into crisis. The reporters were deta

Published 19 Nov, 2017 12:00am

Large US farm study finds no cancer link to Monsanto weedkiller

Large US farm study finds no cancer link to Monsanto weedkiller

A large long-term study on the use of the big-selling weedkiller glyphosate by agricultural workers in the United States has found no firm link between exposure to the pesticide and cancer, scientists said on Thursday. Published in the Journal of the Nati

Published 19 Nov, 2017 12:00am

Sri Lanka deploys troops to prevent communal riots

Sri Lanka deploys troops to prevent communal riots

Sri Lanka deployed troops and ordered a night-time curfew in a southern town to end violent clashes between two ethnic communities, the government said Saturday. Law and Order Minister Sagala Ratnayaka said the situation in Gintota in Galle province was u

Published 19 Nov, 2017 12:00am

Goldman wins dismissal of lawsuit in US over ties to Malaysia leader

Goldman wins dismissal of lawsuit in US over ties to Malaysia leader

Goldman Sachs Group Inc has won the dismissal of a $510 million lawsuit in New York brought by a private equity firm that accused the Wall Street bank of shortchanging it in a merger to "curry favor" with Malaysia's prime minister. In a decision made publ

Published 19 Nov, 2017 12:00am

AC/DC guitarist Malcolm dies

AC/DC guitarist Malcolm dies

AC/DC guitarist Malcolm Young has died aged 64, the band announced Saturday. Young founded the Australian rock group with his brother Angus, who said he will leave "an enormous legacy". "Today it is with deep heartfelt sadness that AC/DC has to announce t

Published 19 Nov, 2017 12:00am

Leftist Leonard becomes new Scottish Labour party leader

Leftist Leonard becomes new Scottish Labour party leader

Richard Leonard on Saturday became the leader of Britain's Labour party in Scotland, in a boost for national leader Jeremy Corbyn's left-wing agenda. Leonard, who was the favourite, said he felt "immense pride" after beating off the challenge of party hea

Published 19 Nov, 2017 12:00am

US destroyer slightly damaged in collision with tug off Japan

US destroyer slightly damaged in collision with tug off Japan

A US guided-missile destroyer, USS Benfold, sustained slight damage when a Japanese tug drifted into it during a towing exercise off central Japan on Saturday, the US Navy said. "No one was injured on either vessel and Benfold sustained minimal damage, in

Published 19 Nov, 2017 12:00am

German parties regroup for last-ditch coalition push

German parties regroup for last-ditch coalition push

Germany's would-be coalition partners met on Saturday for a last-ditch round of weekend talks aimed at finding common ground in the divisive fields of climate and migration policy, in the hope of staving off a possible early election. For German Chancello

Published 19 Nov, 2017 12:00am

Syrian troops, allies retake most of last IS-held town

Syrian troops, allies retake most of last IS-held town

Syrian troops and allied fighters advanced Saturday to capture most of Albu Kamal, a monitor said, in a tug-of-war over the Islamic State group's last urban stronghold in the country. The town in Syria's oil-rich Deir Ezzor province has changed hands seve

Published 19 Nov, 2017 12:00am

China wants Bangladesh, Myanmar to solve Rohingya crisis bilaterally

China wants Bangladesh, Myanmar to solve Rohingya crisis bilaterally

Chinese Foreign Minister Wang Yi on Saturday urged Bangladesh and Myanmar resolve the Rohingya crisis through bilateral negotiations instead of an international initiative. "The international community should not complicate the situation," Wang said in a

Published 19 Nov, 2017 12:00am

New leader for Macron's party as honeymoon fades

New leader for Macron's party as honeymoon fades

Emmanuel Macron's party named a new leader Saturday as the French president faces the first rebellious grumblings in the 19-month-old movement that swept him to power. Christophe Castaner, a smooth-talking, ultra-loyal government spokesman, takes the helm

Published 19 Nov, 2017 12:00am

China says will work with North Korea to boost ties as envoy visits

Exchange

China says will work with North Korea to boost ties as envoy visits

Traditional friendship between China and North Korea represents "valuable wealth" for their people, China said after its special envoy met a high-ranking North Korean official, but there was no mention of the crisis over North Korea's weapons. Song Tao, w

Published 19 Nov, 2017 12:00am

Prices of essential kitchen items witness declining trend

Prices of essential kitchen items witness declining trend

Prices of essential kitchen items witnessed a significant reduction during this week past against the preceding week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed that prices of most of the vegetables and f

Published 19 Nov, 2017 12:00am

Jhagra lauds services of PRCS

Jhagra lauds services of PRCS

Khyber Pakhtunkhwa Governor, Eng. Iqbal Zafar Jhagra while appreciating the humanitarian role of Pakistan Red Crescent Society (PRCS) in mitigating the miseries of needy people had always proved efficient helping hand to the government in every trial ridd

Published 19 Nov, 2017 12:00am

Shahbaz condoles death of Olympian Afzal

Shahbaz condoles death of Olympian Afzal

Punjab Chief Minister Muhammad Shahbaz Sharif has expressed his grief and sorrow over the death of hockey Olympian Afzal Munna. He conveyed his heartfelt condolences to the bereaved families. He prayed that Allah Almighty rest the departed soul in eternal

Published 19 Nov, 2017 12:00am

PCSIR to hold conference on Food Safety, Harmonization on November 22

PCSIR to hold conference on Food Safety, Harmonization on November 22

Pakistan Council of Scientific & Industrial Research (PCSIR) under Ministry of Science and Technology in collaboration with Nestle Pakistan is organizing a National Conference titled "Food Safety and Harmonization: shaping a Healthier Nation" on November

Published 19 Nov, 2017 12:00am

PU signs MoU with Liverpool University

Exchange

PU signs MoU with Liverpool University

Punjab University has signed a Memorandum of Understanding (MoU) with the University of Liverpool, England with an intention to promote academic linkages, research collaboration and student exchange in the field of biological sciences.

Published 19 Nov, 2017 12:00am

Marriyum terms reports of Dar's resignation 'fake'

Marriyum terms reports of Dar's resignation 'fake'

Setting aside the reports that Finance Minister Ishaq Dar has resigned from his portfolio, Minister of State for Information and Broadcasting Marriyum Aurangzeb has termed the rumours fake. Speaking to media representatives here on Saturday, the minister

Published 19 Nov, 2017 12:00am

Mufti Muneeb urges government to hold talks with protesters

Mufti Muneeb urges government to hold talks with protesters

Chairman Central Ruet-e-Hilal Committee, Mufti Muneeb-ur-Rehman, on Saturday urged the federal government to hold talks with protestors of religious groups to peacefully end the two-week-long sit-in at Faizabad Interchange outside Islamabad. "The governme

Published 19 Nov, 2017 12:00am

Gender inequalities severely affecting health indicators: experts

Gender inequalities severely affecting health indicators: experts

The worsening of key indicators related to female health, education and social development is a key issue holding back country's ability to meet global targets under the Sustainable Development Goals (SDGs), said experts addressing a conference, "Pakistan

Published 19 Nov, 2017 12:00am

Rabi-ul-Awwal moon sighting today

Rabi-ul-Awwal moon sighting today

The Central Ruet-e-Hilal Committee will meet on Sunday (Today) for sighting of Rabi-ul-Awwal moon.According to a statement, the meeting will be presided over by its Chairman Mufti Muneebur Rehman. The meeting will receive and examine testimonies from acro

Published 19 Nov, 2017 12:00am

Inter-district robbers gang busted

Inter-district robbers gang busted

The police busted a five-member inter-district robber gang, recovered arms and other looted valuables here on Saturday. Headed by SHO Latif Gujar, the police approached a robber gang engaged in looted the citizens at Marrh Balochan Road in Khanqah Dogran

Published 19 Nov, 2017 12:00am

Seriousness of parties only guarantee for stability: Ayaz

Seriousness of parties only guarantee for stability: Ayaz

Speaker National Assembly (NA) Sardar Ayaz Sadiq has said that sobriety and seriousness of the political parties towards the key issues is only guarantee for stability of the country Talking to a private TV channel here on Saturday, Sardar Ayaz Sadiq said

Published 19 Nov, 2017 12:00am

CTP organizes traffic seminar

CTP organizes traffic seminar

The City Traffic Police (CTP) Lahore on Saturday organized a traffic seminar and an awareness walk regarding losses and causes behind road traffic accidents to commemorate "World Day of Remembrance for Road Traffic Victims." Speaking on the occasion, the

Published 19 Nov, 2017 12:00am

KICS UET Lahore, Xplorer of UAE sign MoU

KICS UET Lahore, Xplorer of UAE sign MoU

Al-Khawarzmi Institute of Computer Science, University of Engineering and Technology Lahore and Xplorer 3D have inked an agreement to establish a reverse engineering and additive manufacturing facility to be set up at UET Lahore. This joint collaboration

Published 19 Nov, 2017 12:00am

Street crimes on the rise in capital

Street crimes on the rise in capital

The incidents of robberies, burglaries and snatching at gunpoint witnessed an alarming increase in the federal Capital during the last week despite enhanced security measures across the city due to protest sit-in by Tehreek Labbaik Ya Rasool Allah. Accord

Published 19 Nov, 2017 12:00am

D I Khan girl's case: Reham terms Imran's statement 'disappointing'

D I Khan girl's case: Reham terms Imran's statement 'disappointing'

Reham Khan, a social activist and former wife of Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan, has termed Imran's statement disappointing regarding Dera Ismail Khan girl's case. Reham Khan expressed her views while talking to Kamran Khan in private

Published 19 Nov, 2017 12:00am

Business community urged to propose uplift plans

Business community urged to propose uplift plans

Business community should suggest viable and workable proposals so that these could be implemented without any inordinate delay for the comprehensive, systematic and scientific uplift of the city, said Divisional Commissioner Momin Agha.

Published 19 Nov, 2017 12:00am

Lodhran-Khanewal Road to be completed in 2018

Lodhran-Khanewal Road to be completed in 2018

The work on Rs 23 billion Lodhran-Khanewal Road is continue at a fast pace which will be completed in 2018 for speedy travelling to the people of south Punjab. Punjab Chief Minister Shahbaz Sharif expressed these views in a meeting with Minister of State

Published 19 Nov, 2017 12:00am

No move to privatize hospitals: minister

No move to privatize hospitals: minister

Minister for Primary & Secondary Healthcare Khawaja Imran Nazir has said that neither the workers are being fired nor the hospitals are being privatized. He expressed these views while addressing the monthly meeting of Deputy District Officers (DDOs) Heal

Published 19 Nov, 2017 12:00am

Nawaz to address public meeting today: PML-N set to give tough time to opponents

Nawaz to address public meeting today: PML-N set to give tough time to opponents

While the former prime minister Nawaz Sharif is addressing a public meeting at Abbottabad on Sunday (today) as a part of his mass contact campaign and preparations for general elections 2018, the Pakistan Muslim League-Nawaz (PML-N) has decided to take to

Published 19 Nov, 2017 12:00am

PHOTA, DTI ink MoU for encouraging organ donations

PHOTA, DTI ink MoU for encouraging organ donations

A memorandum of understanding (MoU) has been signed between Punjab Human Organ Transplant Authority (PHOTA) and Donation Transplantation Foundation Institute (DTI) Spain will cooperate to help improve organ donations and transplantation activities. As per

Published 19 Nov, 2017 12:00am

Saudi envoy calls on Punjab CM

Saudi envoy calls on Punjab CM

Ambassador of Saudi Arabia to Pakistan Nawaf Saeed Al-Malkiy called on Punjab Chief Minister Muhammad Shahbaz Sharif here on Saturday and discussed matters of mutual interest, promotion of ties between Pakistan and Saudi Arabia and enhancement of cooperat

Published 19 Nov, 2017 12:00am

LHCBA asks Dar to step down

LHCBA asks Dar to step down

The Lahore High Court Bar Association (LHCBA) on Saturday demanded resignation of Finance Minister Ishaq Dar. President Bar Ch. Zulfiqar Ali along with Secretary, Vice President and Finance Secretary while talking to media said that rulers had pushed the

Published 19 Nov, 2017 12:00am

Anti-polio campaign: 1.321 million children to be vaccinated in Faisalabad

Anti-polio campaign: 1.321 million children to be vaccinated in Faisalabad

As many as 1.321 million children under 5 years of age would be administered polio vaccine drops in the district during the next round of anti polio campaign which would be continued from 20 to 22 November and additional two day would observed as sweeping

Published 19 Nov, 2017 12:00am

Tevta, Paspida sign MoU for training in IT & auto sectors

Tevta, Paspida sign MoU for training in IT & auto sectors

A MoU signed between Technical Education and Vocational Training Authority (TEVTA) and Pakistan Automobile Spare parts Importers and Distributors Association (PASPIDA) here on Saturday. The MoU was signed by Chairman TEVTA Irfan Qaiser Shiekh and Vice Cha

Published 19 Nov, 2017 12:00am

Tariff determination: industry criticises Nepra for taking dictation from government

Tariff determination: industry criticises Nepra for taking dictation from government

The electricity consumers on independent feeders have criticized the National Electric Power Regulatory Authority (NEPRA) for taking dictation from the government on tariff determination, resulting into closure of industrial units because of undue delay i

Published 19 Nov, 2017 12:00am

PITB for digitalizing Punjab's 50,000 schools

PITB for digitalizing Punjab's 50,000 schools

The international researchers should come forward to collaborate for solutions to problems of the developing world. Dr Umar Saif founding Vice Chancellor of Information Technology University (ITU) Punjab, Chairman Punjab Information Technology Board (PITB

Published 19 Nov, 2017 12:00am

No political pressure to be tolerated in KCR's revival: Saad

No political pressure to be tolerated in KCR's revival: Saad

Federal Minister for Railways Khawaja Saad Rafique has said that no political pressure Karachi Circular Railways (KCR) will be tolerated. "We are ready to lay down foundation stone of the KCR by standing shoulder-to-shoulder with Sindh Chief Minister Mura

Published 19 Nov, 2017 12:00am

Pesco employees take oath for correct meter reading

Pesco employees take oath for correct meter reading

Chief Executive Officer (CEO) Peshawar Electric Supply Company (Pesco), Engineer Shabir Ahmad took oath from Pesco's employees that they will take correct meter reading and will not record wrong reading. Employees of Peshawar Circle, Khyber Circle and Mar

Published 19 Nov, 2017 12:00am

BAC concludes television audience measurement project

Currency

BAC concludes television audience measurement project

The Broadcasters and Advertisers Council (BAC) was recently created to address industry issues related to the media and advertising. The BAC has been established as a truly representative and empowered body consisting of industry leaders from amongst broa

Published 19 Nov, 2017 12:00am

Waseem Akhtar indicted in red zone protest case

Waseem Akhtar indicted in red zone protest case

A district court on Saturday indicted Muttahida Qaumi Movement-Pakistan leaders; Mayor Karachi Waseem Akhtar, Khawaja Izahrul Hasan, Mehfooz Yar Khan, Saathi Ishaq in a red zone protest case. The MQM leaders protested outside chief minister house on water

Published 19 Nov, 2017 12:00am

MQM-P leader indicted in terrorists' sheltering case

MQM-P leader indicted in terrorists' sheltering case

An anti-terrorism court on Saturday indicted senior Muttahida Qaumi Movement Pakistan (MQM-P) leader Amir Khan and activist Minhaj Qazi in a case related to providing shelter to terrorists. The judge read out charges against the accused persons, who plead

Published 19 Nov, 2017 12:00am

Scraping NAB reference: court rejects Sharjeel's plea

Scraping NAB reference: court rejects Sharjeel's plea

Accountability Court on Saturday rejected former Information Minister Sharjeel Memom and other application seeking the court to scrap the reference against them and not to indict them in the Rs 5.76 billion corruption case. Sharjeel and other accused have

Published 19 Nov, 2017 12:00am

PFF observes 'World Fisheries Day' in Hyderabad

PFF observes 'World Fisheries Day' in Hyderabad

The Pakistan Fisherfolk Forum (PFF) Hyderabad organized a large rally to mark the week of action to celebrate 'World Fisheries Day'. The rally started from the old campus to Press Club. The Rally was aimed to highlight the social, economic and livelihood

Published 19 Nov, 2017 12:00am

PrintPak Expo opens: printing and graphic arts industry to grow further: KCCI chief

PrintPak Expo opens: printing and graphic arts industry to grow further: KCCI chief

President Karachi Chamber of Commerce & Industry, Muffasar Atta Malik, said that Pakistan has great potential for the growth of printing and graphic arts industry; PRINTPAK 2017 is the great platform for the networking of local and international companies

Published 19 Nov, 2017 12:00am

Agha Steel installs solar-powered reverse osmosis tube well

Agha Steel installs solar-powered reverse osmosis tube well

Agha Steel installs Solar Powered Reverse Osmosis Tube Well in Jungshahi, district Thatta, to provide clean drinking water to a population of over 5,000 people and support the agriculture activities in the area. This project is first one of its kind in th

Published 19 Nov, 2017 12:00am

Three children scorched in gas blast

Three children scorched in gas blast

Three children were scorched due to blast caused by gas leakage inside a house in the provincial capital on Saturday. Rescue sources said that the blast took place inside a house located in Bhosa Mandi area of Satellite Town in Quetta.

Published 19 Nov, 2017 12:00am

Cold, dry weather to persist

Cold, dry weather to persist

Temperature dropped to below zero, as cold and dry weather continues to frost parts of the upcountry, the Met Office said on Saturday. It also asked the farmers to plow their lands after the recent rains for the Rabi crops. It said that the plowing of fie

Published 19 Nov, 2017 12:00am

Media reports of stepping down as PPP Karachi president denied

Media reports of stepping down as PPP Karachi president denied

Pakistan Peoples Party (PPP) Karachi President Dr Asim Hussain on Saturday denied media reports of tendering resignation from the party position. In an informal conversation with the media outside an accountability court, Asim said he was going out of the

Published 19 Nov, 2017 12:00am

One more child dies of malnutrition in Mithi

One more child dies of malnutrition in Mithi

A child expired at Civil Hospital Mithi on Saturday, taking the death toll of children from malnutrition this month, in Sindh's desert district of Tharparkar to 24. Reports said that the infants died due to malnutrition during the treatment. With death of

Published 19 Nov, 2017 12:00am

Online shopping gains momentum in Pakistan

Online shopping gains momentum in Pakistan

The trend of online shopping has gained momentum in the last few years and selling used original branded items such as clothes, shoes and bags etc. also available for online sale. The online used market is a new baby on the board. The webs are providing v

Published 19 Nov, 2017 12:00am

Karachi Mayor reviews development works

Karachi Mayor reviews development works

Mayor Karachi Wasim Akhtar paid a detailed visit to different areas of F B Area on Saturday during which he inspected the construction of road from People's Chowrangi to Water Pump and lying of sewerage line. He was accompanied by the vice chairman of DMC

Published 19 Nov, 2017 12:00am

Currency smuggling bid foiled

Currency

Currency smuggling bid foiled

Customs authorities foiled attempt of smuggling 214,000 Saudi Riyal to Afghanistan by arresting an Afghan national at Pak-Afghan border at Torkham. The Afghan national Khalid Daniyal son of Khurshid Akbar was going to Afghanistan when customs authorities

Published 19 Nov, 2017 12:00am

PFA to get help from Suparco

PFA to get help from Suparco

Punjab Food Authority has decided for getting help from Pakistan Space and Upper Atmosphere Research Commission (SUPARCO) in order to make mapping method more effective for on-going drive against the sewerage and industrial waste water irrigated vegetable

Published 19 Nov, 2017 12:00am

FWCCI's all women chambers' moot to be held in February

FWCCI's all women chambers' moot to be held in February

Faisalabad Women Chamber of Commerce & Industry (FWCCI) has taken a bold initiative to organize All Pakistan Presidents Women Chambers of Commerce & Industry here during the month of February 2018. Chairing the executive committee meeting of the FWCCI her

Published 19 Nov, 2017 12:00am

Warm welcome awaits Rashi Kapoor in Peshawar

Warm welcome awaits Rashi Kapoor in Peshawar

Peshawarits have warmly responded to the desire of Bollywood legend Rashi Kapoor of visit the Jenum Boomi (birth place) of his father and grand-father and ready for according him red-carpet welcome to him. Rashi Kapoor, a scion of Kapoor family few days b

Published 19 Nov, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 5	277.92
USD PKR Interbank Buying / Nov 5	277.72
USD to Japanese Yen / Nov 5	152.45
USD to Swiss Franc / Nov 5	0.86
Pound Sterling to USD / Nov 5	1.30
Euro to USD / Nov 5	1.09

Stock	Volume
S&P 500 / Nov 4	5,712.69
Nasdaq / Nov 4	18,179.98
Dow Jones / Nov 4	41,794.60
India Sensex / Nov 5	78,731.05
Tokyo Nikkei / Nov 5	38,537.29
Hang Seng / Nov 5	20,865.77
FTSE 100 / Nov 5	8,191.31
Germany DAX 30 / Nov 5	19,121.64

Item	Value
Petrol/Litre / Nov 5	248.38
Crude Oil USD/Barrel / Nov 5	71.49
Karachi Cotton PKR/37.32 KG / Nov 5	18,285
Gold 10 Grams PKR / Nov 5	242,798
Gold Spot USD/Ounce / Nov 5	2,732.66
Diesel/Litre / Nov 5	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 5 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 5 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 5 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Several officers promoted to rank of Lieutenant-General

Several officers promoted to rank of Lieutenant-General

ADB says it has 7 projects for this year, 16 for the next

ADB says it has 7 projects for this year, 16 for the next

Remaining 18 IPPs: Row over figures main hurdle to talks

Remaining 18 IPPs: Row over figures main hurdle to talks

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ECC approves circular debt management plan

ECC approves circular debt management plan

Mahmood Textile Mills Limited

Mahmood Textile Mills Limited

Electricity tariffs go down… at the PBS

Electricity tariffs go down… at the PBS

Higher than market consensus: SBP reduces key policy rate by 250bps, takes it to 15%

Higher than market consensus: SBP reduces key policy rate by 250bps, takes it to 15%

Policy rate cut: caution beyond this point

Policy rate cut: caution beyond this point