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Nov 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-11-24
China's LNG imports rise to second highest on record

China's LNG imports rise to second highest on record

China's imports of liquefied natural gas (LNG) in October nearly doubled from the same month a year ago to the second highest on record, according to customs data, as companies boosted imports of the fuel ahead of the winter heating season. LNG imports ro
Published 24 Nov, 2017 12:00am
Norway puts brakes on plans for 'Tesla tax'

Norway puts brakes on plans for 'Tesla tax'

Norway, a world leader of zero-emission vehicles, has abandoned plans for a proposed "Tesla tax", a controversial measure that would have cut a tax rebate granted to heavy electric cars. Plans for the tax, which was to have entered into force in 2018, wer
Published 24 Nov, 2017 12:00am
China's Okay Airways orders five Boeing Dreamliners for $1.4 billion

China's Okay Airways orders five Boeing Dreamliners for $1.4 billion

Boeing and China's first privately owned airline, Okay Airways, have finalised a $1.4-billion order for five Dreamliner jets, the two companies said on Thursday. The purchase of the five 787-9 long-haul aircraft by the Beijing-based airline was signed off
Published 24 Nov, 2017 12:00am
Eurozone business roars as Germany leads the pride
Currency

Eurozone business roars as Germany leads the pride

Eurozone business growth is roaring ahead as the year draws to a close, surveys showed on Thursday, supporting the European Central Bank's move last month to announce a throttling back of its monetary stimulus. Surveys covering both the services and manuf
Published 24 Nov, 2017 12:00am
Households drive UK growth again in Q3, businesses more wary

Households drive UK growth again in Q3, businesses more wary

Britain's economy again relied heavily on spending by squeezed households for growth in the three months to September, as businesses invested only cautiously while they await clarity on Brexit, official data showed. The fragile picture of the economy echo
Published 24 Nov, 2017 12:00am
Taste of cricket: Finland to sell insect bread

Taste of cricket: Finland to sell insect bread

A stomach churning recipe or a solution to world hunger? A Finnish bakery group on Thursday said it would be the first in the world to offer bread made out of insects at grocery stores. The bread contains dried crickets ground into powder and mixed with f
Published 24 Nov, 2017 12:00am
Chavez cousin to lead Citgo, PDVSA's arm in US
Currency

Chavez cousin to lead Citgo, PDVSA's arm in US

Venezuelan President Nicolas Maduro on Wednesday named Asdrubal Chavez - a cousin of late leader Hugo Chavez - to lead Citgo, the state oil company's US affiliate. "He's straight off to be Citgo president, to restructure it, to get it back, to strengthen
Published 24 Nov, 2017 12:00am
Singapore Q3 growth quickest in almost four years
Exchange

Singapore Q3 growth quickest in almost four years

Singapore's economy grew at its quickest pace in nearly four years in the third quarter, thanks to a boom in manufacturing that some analysts say will encourage tighter monetary policy in 2018. Thursday's revised official numbers beat the market's already
Published 24 Nov, 2017 12:00am
ThyssenKrupp defends Tata steel merger

ThyssenKrupp defends Tata steel merger

German heavy industry giant ThyssenKrupp on Thursday defended its disputed merger with India's Tata Steel, saying its restructuring plan and the tie-up would help to secure tens of thousands of jobs. The tie-up, announced end-September to form Europe's se
Published 24 Nov, 2017 12:00am
Indian shares little changed

Indian shares little changed

Indian shares ended little changed on Thursday, as gains in IT companies such as Infosys Ltd helped offset declines in financial firms, while bonds fell after oil prices hit a two-year high. The benchmark BSE index closed up 0.08 percent at 33,588.08 whil
Published 24 Nov, 2017 12:00am
Australian shares steady; New Zealand down
Exchange

Australian shares steady; New Zealand down

Australian shares ended flat on Thursday as losses in financial stocks effectively cancelled out the gains made by materials stocks on higher iron ore prices. The S&P/ASX200 index fell 0.213 points to 5,986.20. The 'Big Four' banks were in the red, sheddi
Published 24 Nov, 2017 12:00am
Hong Kong stocks fall

Hong Kong stocks fall

Hong Kong stocks ended Thursday sharply lower, with the benchmark Hang Seng falling back below the 30,000 point mark after the previous session's breakthrough, as a tumble in mainland stocks soured sentiment. The Hang Seng index fell 1.0 percent, to 29,70
Published 24 Nov, 2017 12:00am
Treasury prices gain

Treasury prices gain

US Treasury prices gained slightly after the minutes from the Federal Reserve's latest meeting on Wednesday affirmed market expectations that it will hike rates in December, with trading volumes subdued before Thursday's Thanksgiving holiday. Many Fed pol
Published 24 Nov, 2017 12:00am
Treasury prices gain

Treasury prices gain

US Treasury prices gained slightly after the minutes from the Federal Reserve's latest meeting on Wednesday affirmed market expectations that it will hike rates in December, with trading volumes subdued before Thursday's Thanksgiving holiday. Many Fed pol
Published 24 Nov, 2017 12:00am
US markets closed

US markets closed

Stocks, financial and commodity markets in US were closed on Thursday due to the Thanksgiving Day holiday. Markets will close early on Friday and resume normal trading on Monday.
Published 24 Nov, 2017 12:00am
China shares tumble

China shares tumble

Chinese shares tumbled on Thursday with the blue-chip index suffering its worst fall in nearly 1-1/2 years as worries about a selloff in the bond market bled into equities. Consumer and healthcare firms led the fall and dragged the CSI300 index down sharp
Published 24 Nov, 2017 12:00am
European shares get PMI boost, Centrica sinks

European shares get PMI boost, Centrica sinks

The pan-European STOXX 600 index ended flat on Thursday, while euro zone blue chips erased early losses to trade up 0.3 percent after business surveys for the bloc cemented optimism on the economy. Eurozone businesses boomed in November with flash composi
Published 24 Nov, 2017 12:00am
FTSE sluggish after Centrica dives; housebuilders rebound

FTSE sluggish after Centrica dives; housebuilders rebound

A fall in Centrica's shares weighed on British stocks on Thursday, but a rebound in housebuilders and a weak pound provided enough support to recoup most of the morning's losses. Britain's blue chip FTSE 100 index closed down 0.02 percent at 7417.24 point
Published 24 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. 81.60-81.60 (previous 81.50-81.60).
Published 24 Nov, 2017 12:00am
Dollar nurses losses in Asian trade
Exchange

Dollar nurses losses in Asian trade

The dollar touched a two-month low against the yen on Thursday, having tumbled after the minutes of the Federal Reserve's latest meeting showed some policymakers were concerned about persistently low inflation in a blow to rate hawks. The dollar eased to
Published 24 Nov, 2017 12:00am
Euro up for a third day in Europe as outlook brightens
Currency

Euro up for a third day in Europe as outlook brightens

The euro rose for a third consecutive day on Thursday after breaking through a key technical level when a flurry of European business surveys pointed to a strengthening growth outlook for the region. Surveys covering both the services and manufacturing in
Published 24 Nov, 2017 12:00am
Dollar sinks in NY on Fed inflation fears, weak data
Currency

Dollar sinks in NY on Fed inflation fears, weak data

The dollar fell on Wednesday to its lowest level since October against a basket of major currencies, marking its worst one-day performance in five months. The release of minutes from the Federal Reserve's most recent policy meeting, weak US data and techn
Published 24 Nov, 2017 12:00am
Yuan leaps to three-week high

Yuan leaps to three-week high

China's yuan jumped to its highest in three weeks against the dollar on Thursday, breaching a key threshold, after a much stronger official fixing and a tumble for the greenback globally. The yuan breached 6.6 to the dollar for the first time since Novemb
Published 24 Nov, 2017 12:00am
Most Asian currencies rise
Currency

Most Asian currencies rise

Most Asian currencies firmed on Thursday as the US dollar weakened after the release of the minutes of the Federal Reserve's last meeting revealed dovish tones. The minutes showed some of the central bankers' concerns regarding the inflation outlook, with
Published 24 Nov, 2017 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee closed marginally firmer on Thursday, as dollar conversions by exporters outpaced importer demand for the US currency, dealers said. The spot rupee closed at 153.65/75 per dollar, compared with Wednesday's close of 153.70/75. "Exporte
Published 24 Nov, 2017 12:00am
Sterling slips

Sterling slips

Sterling edged down from a six-week high on Thursday, with traders largely brushing off cuts to Britain's economic growth forecasts announced in the previous day's budget statement and refocusing on Brexit negotiations. Prime Minister Theresa May will vis
Published 24 Nov, 2017 12:00am
Kiwi rises, Aussie steadies

Kiwi rises, Aussie steadies

The New Zealand dollar hovered near a one-week high on Thursday as third-quarter retail sales figures were better than expected, while the Australian dollar steadied above a recent 5-month trough. The New Zealand dollar jumped to a high of $0.6894 after d
Published 24 Nov, 2017 12:00am
Buffon stuns fan by throwing him his shorts
Exchange

Buffon stuns fan by throwing him his shorts

Footballers usually throw their jersey to fans at the final whistle but Juventus goalkeeper Gianluigi Buffon stunned one supporter by giving him his shorts after Wednesday's Champions League draw against Barcelona. The 39-year-old Buffon was competing for
Published 24 Nov, 2017 12:00am
Barca, Chelsea reach last 16 as Man Utd lose

Barca, Chelsea reach last 16 as Man Utd lose

Barcelona and Chelsea progressed to the Champions League last 16 on Wednesday, but Jose Mourinho's Manchester United must wait to seal their spot after a last-gasp 1-0 defeat in Basel. Barcelona coach Ernesto Valverde rested Argentina star Lionel Messi in
Published 24 Nov, 2017 12:00am
Palestine overtakes Israel in FIFA football rankings

Palestine overtakes Israel in FIFA football rankings

Palestine's football team achieved its highest ranking in history Thursday, rising above Israel in the FIFA world rankings for the first time. The head of the Palestinian football association labelled it an "historic achievement" as the team rose two spot
Published 24 Nov, 2017 12:00am
New Zealand coach quits

New Zealand coach quits

New Zealand coach Anthony Hudson announced his resignation Thursday in the wake of the All Whites' failure to reach next year's World Cup. Hudson's men fell at the last qualification hurdle when Peru beat them 2-0 in Lima last week to seal victory in a tw
Published 24 Nov, 2017 12:00am
Annual Sports Day of DA SKBZ College concludes

Annual Sports Day of DA SKBZ College concludes

Annual Sports and Prize Distribution Ceremony of Defence Authority SKBZ College was held at the College's lush green ground. Director Education DHA, Brigadier Sardar Muhammad (Retd) was the chief guest. Begum Administrator DHA Brigadier Shahid Hassan Ali
Published 24 Nov, 2017 12:00am
South African hits record 490 off 151 balls

South African hits record 490 off 151 balls

Shane Dadswell, a South African student, has set what is believed to be a cricket record by smashing 490 not out in a limited-overs club match. Dadswell, a second-year business psychology student at Potchefstroom University, slammed 57 sixes and 27 fours
Published 24 Nov, 2017 12:00am
Indonesia basketball players fixed games 'to pay their salaries'

Indonesia basketball players fixed games 'to pay their salaries'

Eight Indonesian pro-basketball players and a team official have been banned for life over match fixing, the league said Thursday, reportedly to help their cash-strapped squad pay salaries. The members of Siliwangi Bandung, one of a dozen teams in the Ind
Published 24 Nov, 2017 12:00am
Newage reach Winter Polo final

Newage reach Winter Polo final

Artema Medical/Black Horse Paints defeated Porsche to qualify for the main final while Newage beat Diamond Paints to qualify for the subsidiary final in the Winter Polo Cup 2017 matches played here at the Lahore Polo Club (LPC) ground on Thursday. A tough
Published 24 Nov, 2017 12:00am
Russian senator says US plotting to 'discredit' World Cup

Russian senator says US plotting to 'discredit' World Cup

A top Russian senator said on Thursday he had credible evidence of the United States plotting to "discredit" the 2018 World Cup his country is staging for the first time. The claim came as Russia prepares to host the June 14-July 15 global showpiece in th
Published 24 Nov, 2017 12:00am
Six banned Russian skiers given provisional World Cup green light

Six banned Russian skiers given provisional World Cup green light

Six Russian cross-country skiers banned for life from the Olympics for doping were given the provisional go-ahead to compete in the World Cup campaign, the International Ski Federation announced on Thursday. According to the FIS, the International Olympic
Published 24 Nov, 2017 12:00am
Lyon roars with run-out to slow England in Ashes

Lyon roars with run-out to slow England in Ashes

England's James Vince was left kicking himself after he was spectacularly run out close to an Ashes debut century, as Australia struck late to leave the first Test finely balanced after day one on Thursday. Captain Joe Root and Alastair Cook both fell che
Published 24 Nov, 2017 12:00am
Iraq launches final sweep to flush out IS

Iraq launches final sweep to flush out IS

Iraqi forces launched a sweep through the western desert to flush out remaining Islamic State group fighters on Thursday, an operation the prime minister has said will spell the jihadists' "final defeat" in the country. The arid, sparsely populated wastel
Published 24 Nov, 2017 12:00am
Mugabe granted immunity, assured of safety in Zimbabwe

Mugabe granted immunity, assured of safety in Zimbabwe

Zimbabwe's former president Robert Mugabe was granted immunity from prosecution and assured that his safety will be protected in his home country under a deal that led to his resignation, sources close to the negotiations said on Thursday. Mugabe, who had
Published 24 Nov, 2017 12:00am
Migrant arrivals from Libya fall after EU deal

Migrant arrivals from Libya fall after EU deal

The number of migrants who have reached Italy via Libya has dropped significantly since July, when the European Union reached a deal with Libyan authorities to stem migrant flows, the UN said Thursday. The EU's decision to help Libya intercept migrants tr
Published 24 Nov, 2017 12:00am
HRW condemns 'abusive' Saudi counterterrorism law

HRW condemns 'abusive' Saudi counterterrorism law

Human Rights Watch on Thursday denounced Saudi Arabia's sweeping new counterterrorism law, saying it could further enable authorities in the ultra-conservative kingdom to silence critics. The law, introduced earlier this month, includes penalties of up to
Published 24 Nov, 2017 12:00am
In Russia, Sudan's Bashir asks Putin for 'protection' from US

In Russia, Sudan's Bashir asks Putin for 'protection' from US

Sudanese President Omar al-Bashir, who is wanted by the International Criminal Court for genocide and war crimes, on Thursday asked Russia's Vladimir Putin to protect his country from the United States. Speaking during his first visit to Russia as preside
Published 24 Nov, 2017 12:00am
Premature to say if Assad part of Syria transition: Turkish official

Premature to say if Assad part of Syria transition: Turkish official

It's too early to decide whether a political transition in Syria for ending its civil war will include President Bashar al-Assad, a Turkish official said Thursday, emphasising the Syrian leader should have no long-term political future. Turkey, led by Pre
Published 24 Nov, 2017 12:00am
New York provides exceptional security for Thanksgiving Day parade

New York provides exceptional security for Thanksgiving Day parade

New York's traditional Thanksgiving Day parade got under way Thursday with huge crowds lining city streets from Central Park to Herald Square amid tight security following recent terror attacks. As thousands of people applauded marching bands, elaborate f
Published 24 Nov, 2017 12:00am
Bangladesh, Myanmar agree to start Rohingya return in two months

Bangladesh, Myanmar agree to start Rohingya return in two months

Bangladesh and Myanmar will start repatriating refugees in two months, Dhaka said Thursday, as global pressure mounts over a crisis that has forced more than half a million Rohingya to flee across the border. The United Nations says 620,000 Rohingya have
Published 24 Nov, 2017 12:00am
PNG police start removing refugees from Australia camp

PNG police start removing refugees from Australia camp

Papua New Guinea police raided a shuttered Australian detention camp Thursday, removing dozens of refugees in an effort to end a stand-off that has drawn global attention to Canberra's tough asylum-seeker policies. Hundreds of men sent to the remote camp
Published 24 Nov, 2017 12:00am
Brexit strips UK of 2023 European Capital of Culture

Brexit strips UK of 2023 European Capital of Culture

Britain can no longer host the European Capital of Culture in 2023 as planned because of Brexit, even though some non-EU countries are eligible, the European Commission said on Thursday. Britain and Hungary had been due to get the honour in six years' tim
Published 24 Nov, 2017 12:00am
China forges 'strategic' ties with Djibouti after opening base

China forges 'strategic' ties with Djibouti after opening base

Chinese President Xi Jinping and Djibouti's visiting leader Omar Ismail Guelleh, whose African nation is hosting China's first overseas military base, agreed on Thursday to elevate their nations' diplomatic relations. The two countries agreed to form a "s
Published 24 Nov, 2017 12:00am
Copper keeps rising
Exchange

Copper keeps rising

Copper prices rose for a fifth day on Thursday and most other industrial metals also gained, helped by a weaker dollar, although concerns over demand from top consumer China after a sharp fall in Chinese share prices limited rises. Volumes were low, with
Published 24 Nov, 2017 12:00am
Gold steadies in Europe
Exchange

Gold steadies in Europe

Gold steadied on Thursday after rising nearly 1 percent in the previous session as the dollar sank on reduced expectations for US interest rate hikes next year. The dollar suffered its biggest drop in five months on Wednesday after minutes from the US Fed
Published 24 Nov, 2017 12:00am
Palm oil falls
Vegetable Oil

Palm oil falls

Malaysian palm oil futures fell on Thursday evening, charting a fourth decline in five sessions as the edible oil was weighed down by a stronger ringgit and the prospect of rising production, traders said. The ringgit rose to its strongest level in over a
Published 24 Nov, 2017 12:00am
US oil hits two-year high on pipeline outage, lower inventories

US oil hits two-year high on pipeline outage, lower inventories

US crude hit a two-year high in thin trade on Thursday as the shutdown of a major crude pipeline from Canada and a draw on fuel inventories pointed to a tightening market, despite rising output from US producers. West Texas Intermediate crude was up 54 ce
Published 24 Nov, 2017 12:00am
Cotton futures rise to highest in over two months
Cotton

Cotton futures rise to highest in over two months

ICE cotton futures climbed to their highest in over two months on Wednesday ahead of the first notice day, supported by gains in oil and other commodities markets. Cotton contracts for March settled up 1 cent, or 1.43 percent, at 71.14 cents per lb. It ha
Published 24 Nov, 2017 12:00am
Trusts - tax status in Pakistani laws
Exchange

Trusts - tax status in Pakistani laws

Formation of a 'trust' for which the Arabic term is 'Waqf' is a very old concept. This form of ownership was initiated and introduced by Hazrat Ali (AS) in Madinah and a 'trust' (waqf) mainly consisting of agricultural properties at Yanbu was formed in 6t
Published 24 Nov, 2017 12:00am
Speakers highlight need to conserve groundwater level

Speakers highlight need to conserve groundwater level

The ground-water level is declining in Lahore with a depletion rate of approximately about 2.5 to 3.0 feet per year. The water table depth in the central part of the city has fallen below 130 feet (40 metres) approximately and is projected to drop below 2
Published 24 Nov, 2017 12:00am
Fata-KP merger: government urged to honour its commitment

Fata-KP merger: government urged to honour its commitment

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has said that the attitude of the government and its attempt to run away from its commitments had highly disappointed the people of tribal areas but it would not be allowed to flee from its commitment for
Published 24 Nov, 2017 12:00am
Central induction policy for PG doctors reviewed

Central induction policy for PG doctors reviewed

Secretary Specialized Healthcare & Medical Education Najam Ahmed Shah while presiding over a high level meeting in connection with the central induction policy for PG doctors has said that after the completion of development projects and extension plans o
Published 24 Nov, 2017 12:00am
PML-N government vigorously pursuing mission of public service: CM

PML-N government vigorously pursuing mission of public service: CM

Punjab Chief Minister Shehbaz Sharif on Thursday said the government is vigorously pursuing the mission of public service despite impediments, and work is being done efficiently and dedicatedly to transform the problems of the masses into relief. "In our
Published 24 Nov, 2017 12:00am
Bilawal accuses Nawaz of changing his stance off and on

Bilawal accuses Nawaz of changing his stance off and on

Chairman Pakistan Peoples' Party Bilawal Bhutto Zardari has lambasted former premier Nawaz Sharif, saying that he doesn't even understand the meaning of ideology. While addressing a public rally in Abbotabad, Nawaz Sharif had claimed that he is not a pers
Published 24 Nov, 2017 12:00am
Major Ishaq laid to rest with full military honours
Exchange

Major Ishaq laid to rest with full military honours

Funeral prayer of martyred Major Ishaq was offered here at the Ayub Stadium in the Cantonment area on Thursday. Punjab CM Muhammad Shahbaz Sharif, Corps Commander of Lahore, Lieutenant General Amir Riaz, Railways Minister Khawaja Saad Rafique, senior mili
Published 24 Nov, 2017 12:00am
Private sector ready to share government's responsibility: LCCI

Private sector ready to share government's responsibility: LCCI

Private sector is ready to share the government's socio-economic responsibility provided it takes private sector into confidence and takes its policy makers onboard. Acting President of the Lahore Chamber of Commerce and Industry Khawaja Khawar Rasheed st
Published 24 Nov, 2017 12:00am
Upgradation of ML-I rail track discussed

Upgradation of ML-I rail track discussed

Chinese Railway Eryuan Corporation (CREEC) team headed by its Vice President Xhao called on acting Chief Executive Officer (CEO) Pakistan Railways Humayun Rashid and leader CPEC project Pakistan Railways Ashfaq Khattak here on Thursday to discuss upgradat
Published 24 Nov, 2017 12:00am
APMPEA wants support package for halal market

APMPEA wants support package for halal market

The All Pakistan Meat Processors and Exporters Association (APMPEA) have urged the government to extend a support package to its members so that they could make their presence felt in the US $2.3 trillion international halal market. "We as a Muslim countr
Published 24 Nov, 2017 12:00am
US climber dies scaling Mexico's highest summit

US climber dies scaling Mexico's highest summit

A US mountaineer died while climbing Mexico's highest summit - the inactive Citlaltepetl volcano - with bad weather hampering efforts to recover his body, official sources said Wednesday. The unidentified climber was part of a group of four scaling the 5,
Published 24 Nov, 2017 12:00am
Twin saves brother's skin in transplant first

Twin saves brother's skin in transplant first

A man who had suffered burns over 95 percent of his body, putting him on the verge of death, was saved by a skin transplant from his identical twin in a world-first operation, French doctors said Thursday. The 33-year-old man, identified only as Franck, r
Published 24 Nov, 2017 12:00am
Eight Uganda tabloid staff members charged with treason

Eight Uganda tabloid staff members charged with treason

Eight editors and directors of one of Uganda's most popular tabloid newspaper groups have been charged with "treason" over an article implicating President Yoweri Museveni in a plot to overthrow his Rwandan counterpart, a defence lawyer said Thursday.
Published 24 Nov, 2017 12:00am
Thousands of Spaniards urge ban on foundation exalting Franco

Thousands of Spaniards urge ban on foundation exalting Franco

More than 200,000 Spaniards have signed a petition filed in parliament on Thursday asking the government to ban the National Francisco Franco Foundation (FNFF), which glorifies Spain's former dictator. "In Germany or in Italy, it would be unthinkable to h
Published 24 Nov, 2017 12:00am
Latin America is world's most violent region for women: UN

Latin America is world's most violent region for women: UN

Latin America and the Caribbean is the most violent region in the world for women, the United Nations said Wednesday, highlighting Central America and Mexico as particularly dangerous. In a report presented in Panama, UN Women and the UN Development Progr
Published 24 Nov, 2017 12:00am
'Explosion' heard near sub's last known position: Argentina's navy

'Explosion' heard near sub's last known position: Argentina's navy

Argentina's navy confirmed Thursday that an unusual noise heard in the ocean near the last known position of an Argentine navy submarine appeared to be an explosion, dashing the last hopes of finding the vessel and its 44 crewmembers. Concern for the miss
Published 24 Nov, 2017 12:00am
MCB-AH achieves GIPS compliance

MCB-AH achieves GIPS compliance

MCB-Arif Habib Savings and Investment Limited (MCB-AH) is proud to join the ranks of select group of companies in Pakistan to claim GIPS compliance. Developed and managed by CFA Institute, the Global Investment Performance Standards (GIPS) is a set of sta
Published 24 Nov, 2017 12:00am
PN ship provides medical assistance to fishermen

PN ship provides medical assistance to fishermen

A Pakistani Dhow (fishing boat) named AL SHAHSAR while operating 280 miles off Gwadar requested immediate emergency medical assistance from Pakistan Navy through Joint Maritime Information & Coordination Centre (JMICC). The boat had seventeen fishermen on
Published 24 Nov, 2017 12:00am
Aftab Ahmad Diwan selected ACG's vice chairman

Aftab Ahmad Diwan selected ACG's vice chairman

Aftab Ahmad Diwan (CEO-CDC) has been selected Vice Chairman of Asia Pacific Central Securities Depository Group (ACG). This honour came to Pakistan in the 14th World Forum of CSDs (WFC 2017) Conference recently held in Hong Kong. As Vice Chairman ACG Exec
Published 24 Nov, 2017 12:00am
Oracle highlights explosive growth in LTE diameter signaling traffic

Oracle highlights explosive growth in LTE diameter signaling traffic

Oracle announced the "Oracle Communications LTE Diameter Signaling Index, Sixth Edition," highlighting the continued explosive growth in LTE Diameter Signaling traffic. Fueled heavily by the proliferation of smartphones and rise of Internet of Things (IoT
Published 24 Nov, 2017 12:00am
Technology playing pivotal role in medical profession: Dr Saif

Technology playing pivotal role in medical profession: Dr Saif

The technology is playing pivotal role in medical profession and the women empowerment, enabling them to have access to job opportunities, knowledge and ecosystem. This was stated by Dr. Umar Saif founding Vice Chancellor of Information Technology Univers
Published 24 Nov, 2017 12:00am
Women's participation crucial for socio-economic development: Dr Ayesha

Women's participation crucial for socio-economic development: Dr Ayesha

Provincial Finance Minister Dr Ayesha Ghaus Pasha has termed the women participation in mainstream economy crucial for overall socio-economic uplift of Pakistan. "Almost half of population of Pakistan consists of women, so the country's progress cannot be
Published 24 Nov, 2017 12:00am
BoI official visits Rashakai, Hattar SEZs

BoI official visits Rashakai, Hattar SEZs

Secretary Board of Investment (BoI) Azher Ali Choudhry along with Director General, Rifat Parvez, visited sites of Rashakai Special Economic Zone and Hattar Special Economic Zone. The representatives of KP Economic Zone Development and Management Company
Published 24 Nov, 2017 12:00am
India using Hindutva groups to target Muslims: AJK president

India using Hindutva groups to target Muslims: AJK president

The President of Azad Jammu & Kashmir Sardar Masood Khan has said that Indian authorities are paying money to extremist Hindutva groups and militias such as RSS in occupied Kashmir's Jammu areas to kill and maim local Muslim Kashmiris. In an interview her
Published 24 Nov, 2017 12:00am
PIA fails to deposit Rs 6 billion FED

PIA fails to deposit Rs 6 billion FED

Pakistan International Airlines (PIA) is reportedly defaulter of Federal Board of Revenue (FBR) for not depositing Rs 6 billion as Federal Excise Duty deducted from employees' salaries. This interesting revelation was made by Chairman FBR in a recent meet
Published 24 Nov, 2017 12:00am
Major terror bid foiled in Charsadda

Major terror bid foiled in Charsadda

The police foiled a major terror bid, arrested five terrorists with explosives, ammunition and other material here on Thursday. According to reports, the police on a tip-off conducted operation near Subhan Morr in tehsil Shabqadar of Charsadda district. D
Published 24 Nov, 2017 12:00am
Tax returns: SECP directs cos to inform registrar
Exchange

Tax returns: SECP directs cos to inform registrar

The Securities and Exchange Commission of Pakistan (SECP) has directed companies, other than a single member company or a private company having paid up capital up to Rs 3 million, to inform about no change of particulars in the last annual return filed w
Published 24 Nov, 2017 12:00am
PM assures implementation of Fata reforms

PM assures implementation of Fata reforms

Minister of State for States and Frontier Regions, Ghalib Khan accompanied by MNA from Fata Haji Shah Jee Gul Afridi called on Prime Minister Shahid Khaqan Abbasi here on Thursday. During the meeting Fata reforms and other issues related to the tribal are
Published 24 Nov, 2017 12:00am
Parliament to take up 24th Constitutional Amendment Bill on Monday

Parliament to take up 24th Constitutional Amendment Bill on Monday

The Upper House of Parliament will take up the 24th Constitutional Amendment Bill on Monday as it is not included in the order of day for today (Friday) after the government failed to break deadlock on it. The sources said that Prime Minister Shahid Khaqa
Published 24 Nov, 2017 12:00am
Moot highlights importance of Persian language
Exchange

Moot highlights importance of Persian language

Minister for Federal Education and Professional Training, Engineer Baligh-ur-Rehman has said that learning multiple languages casts positive impact on critical and analytical thinking and enriches the canvas of thought. Rehman said this while speaking at
Published 24 Nov, 2017 12:00am
Executive VP Shell Energy calls on Minister of State

Executive VP Shell Energy calls on Minister of State

Executive Vice President Shell Energy, Steve Hill called on Minister of State (MoS) for Petroleum & Natural Resources, Jam Kamal Khan, here on Thursday. A delegation from Shell comprising EVP Energy Steve Hill, VP Energy Ajay Shah and country Chairman Pak
Published 24 Nov, 2017 12:00am
Shariah-compliant trading counter at PSX approved
Exchange

Shariah-compliant trading counter at PSX approved

The Shariah Advisory Board (SAB) of the SECP in its ninth meeting reviewed the proposal of Shariah-compliant trading counter submitted by Pakistan Stock Exchange. The main distinctive feature of the proposal is to convert the T+2 settlement into T+0 settl
Published 24 Nov, 2017 12:00am
KCR project to help reduce congestion on city roads: Wang Yu

KCR project to help reduce congestion on city roads: Wang Yu

The leader of a 30-member high-level delegation of Chinese companies, Wang Yu, has given the assurance that the KCR project will benefit the Sindh province and also reduced the congestion of Karachiites. Speaking at a meeting with Sindh Minister for Trans
Published 24 Nov, 2017 12:00am
KCCI slams K-E for not passing relief to consumers

KCCI slams K-E for not passing relief to consumers

Over Rs 17 billion are reported to have been accumulated under the claw-back formula but the relief was never passed on to the electricity consumers as K-Electric has taken a stay order from the court against it, according to a report of Research & Develo
Published 24 Nov, 2017 12:00am
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