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Nov 30, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-12-01
Don't ignore rising risk in German economy, Bundesbank warns

Don't ignore rising risk in German economy, Bundesbank warns

Germany's economy is facing a host of risks - from high real estate prices to weak banks - but investors may be ignoring vulnerabilities given the country's eight-year economic run, the Bundesbank said on Wednesday. Germany, the euro zone's biggest econom
Published 01 Dec, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,106. The traded value of Metals, Energy and COTS/FX was recorded at PKR 9.062 billion and the number of lots traded was 12,601. Major business was contributed by WTI cr
Published 01 Dec, 2017 12:00am
CBOT soyabean futures down

CBOT soyabean futures down

Chicago Board of Trade soyabean futures closed fractionally lower on Wednesday after a see-saw trading session as technical selling offset support from worries about dry weather in portions of Argentina, traders said. CBOT January soyabeans settled down 1
Published 01 Dec, 2017 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

Tea prices in Bangladesh fell at the weekly auction but strong demand for quality leaf capped a steeper decline, while sales rose despite a higher volume on offer. Bangladeshi tea fetched an average price of 238.28 taka ($2.80) per kg at the auction on Tu
Published 01 Dec, 2017 12:00am
Activities at Karachi & Qasim Ports

Activities at Karachi & Qasim Ports

The Karachi Port handled 156,593 tonnes of cargo comprising 117,691 tonnes of import cargo and 38,902 tonnes of export cargo including 5,531 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 01 Dec, 2017 12:00am
CBOT wheat futures higher

CBOT wheat futures higher

Chicago Board of Trade wheat futures closed higher on Wednesday on bargain buying a day after plentiful global supplies and sluggish export demand for US wheat sent most months to contract lows, traders said. Most-active CBOT March soft red winter wheat s
Published 01 Dec, 2017 12:00am
Easy tendency on cotton market
Cotton

Easy tendency on cotton market

The domestic cotton market turned weaker at midweek following an announcement by the Plant Protection Development after a meeting with the domestic mill owners regarding certain conditions under which imports of cotton will be allowed into Pakistan. Thus
Published 01 Dec, 2017 12:00am
Easy tendency on cotton market
Cotton

Easy tendency on cotton market

The domestic cotton market turned weaker at midweek following an announcement by the Plant Protection Development after a meeting with the domestic mill owners regarding certain conditions under which imports of cotton will be allowed into Pakistan. Thus
Published 01 Dec, 2017 12:00am
India's economy rebounds from three-year low

India's economy rebounds from three-year low

India's economy picked up in the second quarter, official data showed Thursday, rebounding from a sharp slump in the wake of government reforms that dragged growth to three-year lows. Figures from the Central Statistics Office showed Asia's third-largest
Published 01 Dec, 2017 12:00am
Zimbabwe will need global effort to restore economy: IMF

Zimbabwe will need global effort to restore economy: IMF

It will take a major international effort to restore Zimbabwe's battered economy, and the International Monetary Fund is prepared to help, a fund spokesman said Thursday. In the wake of the recent upheaval that saw long-time leader Robert Mugabe ousted wi
Published 01 Dec, 2017 12:00am
Eurozone unemployment falls to 8.8 percent
Currency

Eurozone unemployment falls to 8.8 percent

Europe's economic recovery is gathering steam, with eurozone unemployment falling to its lowest level since January 2009 and inflation picking up, official figures showed Thursday. The EU's official statistics agency announced that the jobless rate in the
Published 01 Dec, 2017 12:00am
UK consumer sentiment sinks to 16-month low, house prices weak

UK consumer sentiment sinks to 16-month low, house prices weak

British consumers, the main drivers of the economy, are their least confident since just after last year's Brexit vote, and business morale has also softened, surveys showed on Thursday, adding to signs of a further economic slowdown in 2018. Separate dat
Published 01 Dec, 2017 12:00am
South Korea raises rates for first time in six years

South Korea raises rates for first time in six years

South Korea's central bank raised interest rates for the first time in more than six years on Thursday, yet tempered market expectations for more by raising concerns about the job market and other uncertainties. North Korea declared on Wednesday it had su
Published 01 Dec, 2017 12:00am
Trump nominates economics professor to fill Federal Reserve seat

Trump nominates economics professor to fill Federal Reserve seat

President Donald Trump has nominated well-known economist and university professor Marvin Goodfriend to fill a vacant seat on the Federal Reserve board, one of four he has left to fill. The White House sent the nomination to the Senate late Wednesday to b
Published 01 Dec, 2017 12:00am
China factory activity accelerates in November

China factory activity accelerates in November

China's manufacturing activity accelerated in November, official figures showed Thursday, beating expectations as strengthening domestic and global demand boosted production in the world's second-largest economy. The manufacturing purchasing managers' ind
Published 01 Dec, 2017 12:00am
China issues new rules to bring private capital into investment plan

China issues new rules to bring private capital into investment plan

China issued guidelines on Thursday to encourage more private sector capital for public-private partnership (PPP) projects that channel funds into state infrastructure projects. The government will step up financing support for PPP projects involving priv
Published 01 Dec, 2017 12:00am
ADB head sees Asia resilient to US interest rate hikes
Currency

ADB head sees Asia resilient to US interest rate hikes

Asian countries can cope with interest rate hikes in the United States as long as the moves are gradual and reflect US economic fundamentals, Asian Development Bank (ADB) President Takehiko Nakao said on Thursday. Nakao's comments came after outgoing Fede
Published 01 Dec, 2017 12:00am
Gazprom doubles profits in Q3
Exchange

Gazprom doubles profits in Q3

Russian gas giant Gazprom saw its net profit double in the third quarter as its lucrative exports to Europe hit new records. The state-controlled firm registered a net profit in July through September of 200 billion rubles (2.8 billion euros, $3.3 billion
Published 01 Dec, 2017 12:00am
Gazprom doubles profits in Q3
Exchange

Gazprom doubles profits in Q3

Russian gas giant Gazprom saw its net profit double in the third quarter as its lucrative exports to Europe hit new records. The state-controlled firm registered a net profit in July through September of 200 billion rubles (2.8 billion euros, $3.3 billion
Published 01 Dec, 2017 12:00am
Mexico liberalises gasoline prices
Exchange

Mexico liberalises gasoline prices

Mexico removed its last price controls on gasoline and diesel Thursday, the final step in a reform that triggered riots when it began in January. The elimination of price controls in the south and center of the country was only supposed to take effect on
Published 01 Dec, 2017 12:00am
US consumer spending cools, inflation firming

US consumer spending cools, inflation firming

US consumer spending slowed in October as the hurricane-related boost to motor vehicle purchases faded, while a sustained increase in underlying price pressures suggested that a recent disinflationary trend had probably run its course. Other data on Thurs
Published 01 Dec, 2017 12:00am
China stocks decline

China stocks decline

China stocks fell on Thursday, pressured by selling of real estate and financial shares, as investors booked profits in sector leaders that had stellar gains this year. At the close, the Shanghai Composite index was down 20.28 points or 0.61 percent at 3,
Published 01 Dec, 2017 12:00am
Tokyo stocks up

Tokyo stocks up

Tokyo stocks ended higher on Thursday as a weak yen boosted Japanese exporters and the operator of the Tokyo Disneyland complex surged on a report it was expanding its attractions. The benchmark Nikkei 225 index gained 0.57 percent, or 127.76 points, to c
Published 01 Dec, 2017 12:00am
Nasdaq falters as investors flee tech for banks
Exchange

Nasdaq falters as investors flee tech for banks

The Nasdaq posted its biggest one-day drop in more than three months on Wednesday as investors fled high-flying technology stocks and shifted to banks and other pockets of the market that could benefit from improving economic conditions, lower regulations
Published 01 Dec, 2017 12:00am
Hong Kong shares fall

Hong Kong shares fall

Hong Kong shares ended Thursday lower, dragged by tech shares and reflecting fears in the region that the boom in demand for electronic components has peaked. At the close of trade, the Hang Seng index was down 446.48 points or 1.51 percent at 29,177.35.
Published 01 Dec, 2017 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose across most maturities on Wednesday bolstered by upbeat remarks on the economy by Federal Reserve Chair Janet Yellen and data showing stronger than expected US economic growth for the third quarter.
Published 01 Dec, 2017 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose across most maturities on Wednesday bolstered by upbeat remarks on the economy by Federal Reserve Chair Janet Yellen and data showing stronger than expected US economic growth for the third quarter.
Published 01 Dec, 2017 12:00am
Australian, New Zealand shares fall

Australian, New Zealand shares fall

Australian shares fell on Thursday, pulled down by financials after the government announced a wide-ranging inquiry into the country's banking sector.
Published 01 Dec, 2017 12:00am
Indian shares slip

Indian shares slip

Indian shares slipped on Thursday with lenders such as HDFC Bank and ICICI Bank falling on caution ahead of the expiry of derivative contracts and release of September-quarter gross domestic product data later in the day. Domestically, investors were wary
Published 01 Dec, 2017 12:00am
FTSE retreats on sterling pressure, posts November loss

FTSE retreats on sterling pressure, posts November loss

Britain's index of leading shares lagged behind their European peers for a second session on Thursday, as it remained under pressure from a rising sterling buoyed by Brexit talks optimism. Britain's blue chip FTSE 100 index closed down 0.9 percent lower a
Published 01 Dec, 2017 12:00am
Dollar steadies in Asia

Dollar steadies in Asia

The dollar held steady on Thursday but was set for a monthly loss against a basket of currencies as investors warily watch progress on US tax reform legislation, while sterling stood tall on optimism a Brexit accord would be reached. The dollar index, whi
Published 01 Dec, 2017 12:00am
Dollar climbs in Europe on policy hopes
Currency

Dollar climbs in Europe on policy hopes

The dollar climbed on Thursday, moving further away from a two-month low hit earlier this week, as investors added bets the US central bank will continue to unwind its record policy stimulus plan next year as growth prospects brighten. Though the greenbac
Published 01 Dec, 2017 12:00am
Early trade in New York: dollar slips on month-end moves
Currency

Early trade in New York: dollar slips on month-end moves

The dollar slipped to a four-day low against the euro and was generally softer against most other major currencies, as its rebound after last week's weakness ran out of steam and month-end adjustments created selling pressure. The dollar index, which meas
Published 01 Dec, 2017 12:00am
Dollar rises in New York
Currency

Dollar rises in New York

The dollar edged higher on Wednesday, adding to this week's gains, as strong US third-quarter economic growth data and signs of progress in US Republicans' efforts to get a tax bill passed helped the currency rebound from recent weakness.
Published 01 Dec, 2017 12:00am
Bitcoin loses over a fifth of its value in less than 24 hours
Currency

Bitcoin loses over a fifth of its value in less than 24 hours

Bitcoin slid to as low as $9,000 in volatile trade on Thursday, having lost more than a fifth of its value since hitting an all-time high of $11,395 on Wednesday. The cryptocurrency fell as much as 8 percent on Thursday on the Luxembourg-based Bitstamp ex
Published 01 Dec, 2017 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee closed firmer on Thursday due to dollar inflows through inward remittances and as exporters booked forwards ahead of a long weekend, dealers said. The spot rupee ended at 153.55/65 per dollar, compared with Wednesday's close of 153.77
Published 01 Dec, 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. 82.30-82.30 (Previous 82.30-82.30).
Published 01 Dec, 2017 12:00am
Asian forex: South Korean won weakens, yuan the only gainer
Currency

Asian forex: South Korean won weakens, yuan the only gainer

The South Korean won fell more 1 percent on Thursday, with investors shaken after the central bank governor raised concerns about the job market and other uncertainties after hiking interest rates for the first time in over six years. The won ended two se
Published 01 Dec, 2017 12:00am
Sterling tops $1.35
Currency

Sterling tops $1.35

Sterling topped $1.35 on Thursday, hitting a two-month peak, as hopes grew of a deal between Britain and the European Union at a summit next month. The dollar's weakness in late New York trading exacerbating the pound's gains. "The dollar has been whacked
Published 01 Dec, 2017 12:00am
Aussie up, kiwi down
Currency

Aussie up, kiwi down

The Australian dollar nudged higher on Thursday after it got a double boost of stronger-than-expected economic data at home and from top trading partner China, while the New Zealand dollar was on track for a third straight day of losses. The Aussie, often
Published 01 Dec, 2017 12:00am
Russia vows 'no white elephants' after World Cup

Russia vows 'no white elephants' after World Cup

Russia's World Cup organising committee chief vowed to AFP on Thursday that next year's addition of the showpiece football competition will leave behind no abandoned "white elephant" stadiums or hotels. Speaking on the eve of Friday's group stage draw for
Published 01 Dec, 2017 12:00am
Sterling rescues Man City, Rooney lifts Everton
Exchange

Sterling rescues Man City, Rooney lifts Everton

Raheem Sterling scored a stunning 96th-minute winner as Manchester City dramatically edged Southampton 2-1 on Wednesday to preserve their eight-point lead at the Premier League summit. Pep Guardiola's side looked set to drop points after Oriol Romeu cance
Published 01 Dec, 2017 12:00am
Honda Chenab in main final of Shoe Planet Polo

Honda Chenab in main final of Shoe Planet Polo

Honda Chenab qualified for another main final in a row after overpowering Guard Group by 9-6 in the Shoe Planet Polo Cup 2017 match played here at the Lahore Polo Club ground on Thursday. Ahmed Ali Tiwana played heroic role in Honda Chenab's tremendous tr
Published 01 Dec, 2017 12:00am
South African hits fastest 300

South African hits fastest 300

Marco Marais slammed the fastest triple century in first-class cricket to become the second South African in just over a week to claim a world record. Marais, 24, went on a hitting spree to smash 300 not out off 191 balls for Border against Eastern Provin
Published 01 Dec, 2017 12:00am
Khyber Karwan Lion post win in Peshawar Football League

Khyber Karwan Lion post win in Peshawar Football League

Khyber Karwan Lion advanced to next round after recording victories on the opening day of the Peshawar Football League which got under way here at Qayyum Sports Complex on Thursday. In the first match Khyber Karwan Lion defeated DC Chitral Markoor in a th
Published 01 Dec, 2017 12:00am
Ashes exile Stokes signs for New Zealand's Canterbury

Ashes exile Stokes signs for New Zealand's Canterbury

Suspended England allrounder Ben Stokes signed with New Zealand provincial side Canterbury Thursday, fuelling speculation he is preparing for a dramatic Ashes call-up. The 26-year-old inked a deal just a day after arriving in the country for a trip Englis
Published 01 Dec, 2017 12:00am
Heavyweight champion Charr admits he's not German, yet

Heavyweight champion Charr admits he's not German, yet

Manuel Charr had been touted as the man who ended Germany's 85-year wait for a world heavyweight boxing champion, but as it turned out, he is not a German citizen. After the 33-year-old's triumph against Alexander Ustinov landed him the vacant WBA world t
Published 01 Dec, 2017 12:00am
FATA Female Sports Gala begins; Mohmand Agency take athletic trophy

FATA Female Sports Gala begins; Mohmand Agency take athletic trophy

FATA Female Sports Gala carrying four different disciplines got under way here at different venues of the Qayyum Sports Complex under the aegis of Directorate of Sports and Youth Affairs FATA. Director Sports Pakistan Sports Board Mumtaz Ahmad Nadeem was
Published 01 Dec, 2017 12:00am
Pakistan seeks $70 million from India for unplayed cricket series

Pakistan seeks $70 million from India for unplayed cricket series

Pakistan has kicked off a legal battle against India for not honouring a bilateral cricket series agreement, the sport's governing body confirming Thursday it received a notice of dispute. The Pakistan Cricket Board (PCB) is seeking $70 million in compens
Published 01 Dec, 2017 12:00am
Ambassadors of Western nuclear powers to snub Nobel ceremony

Ambassadors of Western nuclear powers to snub Nobel ceremony

Breaking with tradition, nearly all ambassadors of the world's nuclear powers will not attend this year's Nobel Peace Prize ceremony which honours efforts to ban atomic weapons, the Nobel Institute said Thursday. "We are disappointed that the ambassadors
Published 01 Dec, 2017 12:00am
Hariri says Damascus wants him killed

Hariri says Damascus wants him killed

Lebanese Prime Minister Saad Hariri charged that the Syrian regime which he blames for his father's assassination also wants him killed, in an interview published Thursday in French magazine Paris Match. Hariri assessed that the regime's military successe
Published 01 Dec, 2017 12:00am
Yemen Huthis rally in show of force

Yemen Huthis rally in show of force

Tens of thousands of Yemeni rebel supporters rallied in Sanaa on Thursday, a day after deadly clashes between the Huthis and loyalists of former president Ali Abdullah Saleh sparked fears of more violence. The clashes, which erupted late Wednesday near th
Published 01 Dec, 2017 12:00am
British PM urges Saudi Arabia to avert Yemen 'catastrophe'

British PM urges Saudi Arabia to avert Yemen 'catastrophe'

British Prime Minister Theresa May has implored Saudi leaders to ease a blockade on war-torn Yemen to "avert a humanitarian catastrophe", her office said on Thursday, echoing urgent appeals from the United Nations. A Saudi-led coalition battling Iran-back
Published 01 Dec, 2017 12:00am
Storm kills at least seven in Sri Lanka

Storm kills at least seven in Sri Lanka

Sri Lanka's government on Thursday deployed troops to help regions stricken by a major storm which killed seven people with five others missing, authorities said. Powerful winds and torrential rain battered much of the island late Wednesday, toppling tree
Published 01 Dec, 2017 12:00am
Europe in reach of North Korea missiles: France

Europe in reach of North Korea missiles: France

Europe, like the United States, is now in reach of North Korea's ballistic missiles, French Defence Minister Florence Parly warned Thursday. The regime's test of its third intercontinental ballistic missile on Wednesday is "a demonstration of (Pyongyang's
Published 01 Dec, 2017 12:00am
Trump 'wrong' on tweets but relations will endure: May

Trump 'wrong' on tweets but relations will endure: May

Prime Minister Theresa May repeated Thursday that US President Donald Trump was wrong to retweet anti-Muslim videos posted by a British far-right group, after he told her to focus on her own affairs, but stressed that the US-UK relationship would endure.
Published 01 Dec, 2017 12:00am
Palestinian shot dead

Palestinian shot dead

An Israeli settler shot dead a Palestinian in the occupied West Bank on Thursday after a group of Israelis was targeted by Palestinian stone-throwers, officials said. The Palestinian health ministry confirmed the Palestinian was killed after being shot by
Published 01 Dec, 2017 12:00am
Gaza handover delay raises fresh doubts over Palestinian unity deal

Gaza handover delay raises fresh doubts over Palestinian unity deal

Palestinian rival factions have delayed the handover of power in the Gaza Strip by at least 10 days, stoking fears Thursday that a landmark deal to end their decade-long feud may be set to fail. A series of Israeli strikes on the Gaza Strip in response to
Published 01 Dec, 2017 12:00am
Venezuela arrests former oil bosses in corruption purge

Venezuela arrests former oil bosses in corruption purge

Venezuela's military on Thursday arrested the country's former oil minister and the ex-chief of state oil company PDVSA after both men were sacked as part of an anti-corruption crackdown. Attorney General Tarek William Saab told journalists that an operat
Published 01 Dec, 2017 12:00am
Europe-Africa summit aims for evacuation of 3,800 migrants risking abuse

Europe-Africa summit aims for evacuation of 3,800 migrants risking abuse

Leaders at an EU-Africa summit called Thursday for the immediate evacuation of nearly 4,000 distressed African migrants in Libya under a new drive to fight slave traders and traffickers. Wrapping up a two-day summit in Ivory Coast's economic capital, a to
Published 01 Dec, 2017 12:00am
US battles for global approach on North Korea amid Russia, China doubts

US battles for global approach on North Korea amid Russia, China doubts

The United States battled to maintain international solidarity in the face of North Korea's nuclear threat Thursday as Russia warned that sanctions have failed and China side-stepped talk of an oil embargo. The stakes could scarcely be higher in the stand
Published 01 Dec, 2017 12:00am
New York cotton rises over one percent on technical buying
Cotton

New York cotton rises over one percent on technical buying

ICE cotton rose over 1 percent to hit an over 2-1/2-month high on Wednesday fuelled by technical buying, a day ahead of export sales data from the US Department of Agriculture (USDA). Cotton contracts for March settled up 1.29 cents, or 1.79 percent, at 7
Published 01 Dec, 2017 12:00am
Shanghai copper slips
Exchange

Shanghai copper slips

Shanghai copper slipped 0.6 percent to 52,840 yuan ($7,993) a tonne on Thursday while Shanghai Futures Exchange (ShFE) aluminium plunged more than 11 percent this month. Base metals declined on Thursday and looked to finish November lower, shrugging off e
Published 01 Dec, 2017 12:00am
Oil mixed as Opec extends cuts, Nigeria and Libya included

Oil mixed as Opec extends cuts, Nigeria and Libya included

Oil was mixed on Thursday after Opec members agreed to extend curbs on output, though a final deal hinged on a decision by non-Opec producers later in the day. Iran's energy minister announced that Nigeria and Libya would be included in the oil output dea
Published 01 Dec, 2017 12:00am
Rubber falls
Exchange

Rubber falls

Benchmark Tokyo rubber futures ended down on Thursday after touching a two-week high a day earlier, as the market came under pressure from weak Shanghai futures. The Tokyo Commodity Exchange rubber contract for May delivery finished 1.2 yen lower at 198.3
Published 01 Dec, 2017 12:00am
Gold hits one-week low in Asia
Exchange

Gold hits one-week low in Asia

Gold inched down to a one-week low on Thursday, pressured by upbeat US growth data and Federal Reserve chair Janet Yellen's bullish view of the economy, but the yellow metal was on track for its first monthly gain since August. A lack of clear drivers has
Published 01 Dec, 2017 12:00am
Gold down in Europe

Gold down in Europe

Gold hit a one-week low on Thursday as upbeat sentiment on equities and positive US growth data dented the appeal of the safe-haven asset, though the metal was still stuck in its narrowest monthly range in 12 years. The dollar held firm after US jobless a
Published 01 Dec, 2017 12:00am
US MIDDAY: corn, wheat up

US MIDDAY: corn, wheat up

US corn and wheat futures climbed nearly 1 percent on Wednesday as fund-driven short-covering at the end of the month overshadowed disappointing export sales data, analysts said. Soyabean futures fell, led by soyaoil, after the US Environmental Protection
Published 01 Dec, 2017 12:00am
US MIDDAY: gold dips

US MIDDAY: gold dips

Gold dropped 1 percent on Thursday as upbeat sentiment on equities and positive US growth data dented the appeal of the safe-haven asset, though the metal was still stuck in its narrowest monthly range in 12 years. Silver dipped to an eight-week low, fall
Published 01 Dec, 2017 12:00am
MCB Bank, Dawood Super Market enter into alliance

MCB Bank, Dawood Super Market enter into alliance

MCB Bank has signed a Memorandum of Understanding (MoU) with leading supermarket chain Dawood Super Market for the provision of financial services through its digital products, including the placement of ATM and POS machines inside the Super Market's prem
Published 01 Dec, 2017 12:00am
Workshop on drug addiction, counselling skills held

Workshop on drug addiction, counselling skills held

The Center for Emergency & Medical Services (CEMS) of the University of Veterinary and Animal Sciences Lahore in collaboration with Character Building Society UVAS and Foundation for Young Researchers in support of National Accountability Bureau & Anti-Na
Published 01 Dec, 2017 12:00am
Malala meets LHC CJ at Oxford university

Malala meets LHC CJ at Oxford university

Pakistani Nobel Prize laureate Malala Yousafzai met Lahore High Court's Chief Justice Mansoor Ali Shah on Thursday at Oxford University. Malala Yousafzai is an international icon and a symbol of courage, strength and determination. It comes as no surprise
Published 01 Dec, 2017 12:00am
Sartaj lauds Norway's assistance in capacity-building projects

Sartaj lauds Norway's assistance in capacity-building projects

"Pakistan is committed to intensify efforts for achieving accelerated development through a strategy that combines inclusive growth with green development under the 12th Five Year Plan (2018-2023) which is currently under preparation," said Sartaj Aziz, D
Published 01 Dec, 2017 12:00am
Eid Milad-un-Nabi to be celebrated with religious zeal

Eid Milad-un-Nabi to be celebrated with religious zeal

As in other parts of the country, Eid-e-Milad-un-Nabi is being celebrated in Karachi with religious zest and fervour. The day will begin with special prayers at mosques. Various Durood-o-Salam and Naat, gatherings will also take place in city neighborhood
Published 01 Dec, 2017 12:00am
Foreign reserves slightly fall: SBP

Foreign reserves slightly fall: SBP

The country's liquid foreign reserves slightly decreased by $17 million during the last week. According to the State Bank of Pakistan's weekly report issued on Thursday, Pakistan total liquid foreign reserves declined to $19.693 billion as on November 24,
Published 01 Dec, 2017 12:00am
Three Air Commodores promoted

Three Air Commodores promoted

The Government of Pakistan has promoted three Air Commodores of Pakistan Air Force (PAF) as Air Vice Marshal on Thursday. Those who got promotion to the rank of Air Vice Marshal included Air Commodore Muhammad Zahoor Faisal, Air Commodore Soban Nazir Syed
Published 01 Dec, 2017 12:00am
Tevta to build sports complex: chairman

Tevta to build sports complex: chairman

The 7th Emergent Board Meeting of Technical Education and Vocational Training Authority (TEVTA) on Thursday unanimously approved the establishment of sports complex at Government Technology College Shahdarra. The meeting was presided over by Chairman TEVT
Published 01 Dec, 2017 12:00am
US drone targets Haqqani militants in Kurram area: four killed

US drone targets Haqqani militants in Kurram area: four killed

A suspected US drone strike on Thursday targeted a hideout of the Haqqani militant network along mountainous border with Afghanistan, killing four people, officials said. If confirmed, it would be the fourth such US strike inside country since President D
Published 01 Dec, 2017 12:00am
PSQCA scheme for foreign manufacturers

PSQCA scheme for foreign manufacturers

The Standards and Quality Control Authority has launched the Foreign Manufacturing License (FML) scheme for foreign manufacturers to get their products certified in Pakistan. Talking to Business Recorder, Khalid Siddiq, director general of the PSQCA, said
Published 01 Dec, 2017 12:00am
Carboxytherapy introduced in Pakistan

Carboxytherapy introduced in Pakistan

Carboxytherapy - an FDA approved treatment for cellulite and stretch marks have entered into the Pakistani aesthetic industry. The therapy, which originated in French spas in 1930, uses infusion of carbon dioxide to treat stretch-marks, cellulite and unde
Published 01 Dec, 2017 12:00am
PESCO disconnects power supply of defaulters

PESCO disconnects power supply of defaulters

The teams of Peshawar Electric Supply Company (Pesco) disconnected power supply to 2 tube-wells and street-lights at Kohat City in recovery campaign against public and private sector power defaulters. An amount of Rs 10.80 was outstanding against these in
Published 01 Dec, 2017 12:00am
'Trade, Compliance of Labour Standards in Global Supply Chains' launched

'Trade, Compliance of Labour Standards in Global Supply Chains' launched

The speakers at the launch of 'Trade and Compliance of Labour Standards in Global Supply Chains: A case Study of Pakistan,' urged the government to ensure implementation on the international labour laws to protect workers' rights. The event was jointly or
Published 01 Dec, 2017 12:00am
MBBS, BDS programme: UHS issues first merit list of candidates

MBBS, BDS programme: UHS issues first merit list of candidates

The University of Health Sciences (UHS) has issued the first selection list of candidates admitted to MBBS and BDS programme in public sector medical and dental colleges of the Punjab for the session 2017-18. The last merit for MBBS has been 89.0364 and t
Published 01 Dec, 2017 12:00am
US to expand cooperation with Punjab government: CG

US to expand cooperation with Punjab government: CG

The US gives great importance to its relations with Pakistan and cooperation with the Punjab government in various sectors will be further expanded, US Consul General Ms. Elizabeth Kennedy Trudeau, said. During a meeting with the Punjab Chief Minister Sha
Published 01 Dec, 2017 12:00am
TLYRA's splinter group's sit-in enters sixth day

TLYRA's splinter group's sit-in enters sixth day

The splinter group of Tehreek-i-Labbaik Ya Rasool Allah (TLYRA) continued its sit-in on the Mall Road outside Punjab Assembly on sixth day causing great inconvenience to the commuters and the general public Leader of the faction, Dr Ashraf Asif Jalali is
Published 01 Dec, 2017 12:00am
Tree cutting: LHC orders DG PHA to appear in person

Tree cutting: LHC orders DG PHA to appear in person

The Lahore High Court on Thursday has ordered director general of Parks and Horticultural Authority (PHA) to appear in person with record regarding cutting of trees across the city of Lahore and adjourned the proceeding until second week of December. The
Published 01 Dec, 2017 12:00am
PAD to create awareness about oilseeds crops

PAD to create awareness about oilseeds crops

The Punjab Agriculture Department (PAD) has decided to hold a series of seminars for creating awareness among the farmers about advantages of growing oilseed crops. A seminar was recently held in Lodhran and the second of this series is going to be held i
Published 01 Dec, 2017 12:00am
Shahbaz vows to ensure clean environment in rural areas

Shahbaz vows to ensure clean environment in rural areas

Punjab Chief Minister Shahbaz Sharif on Thursday said that every village will be made neat and clean and the rural population will enjoy the neat and clean atmosphere around them due to Khadim-e-Punjab Saaf Dehat Programme (KPSDP). He said this while chai
Published 01 Dec, 2017 12:00am
IT returns: PIAF for date extension

IT returns: PIAF for date extension

Pakistan Industrial and Traders Association Front (PIAF) has demanded of the government to extend the date for filing income tax returns till December 31. The PIAF Chairman Irfan Iqbal Sheikh in a statement on Thursday said the business community could no
Published 01 Dec, 2017 12:00am
LCCI urges government to withdraw RD

LCCI urges government to withdraw RD

The Lahore Chamber of Commerce and Industry has demanded of the government to withdraw regulatory duty until and unless a consensus is developed among the stakeholders. LCCI President Malik Tahir Jawaid raised this demand in separate meetings with Federal
Published 01 Dec, 2017 12:00am
Need for devising provincial drug policy stressed

Need for devising provincial drug policy stressed

A speaker at an event on Thursday called for devising a coordinated provincial drug policy by taking all relevant stakeholders in confidence since there is no strong mechanism to control increasing trend of consumption of drugs which is also spreading chr
Published 01 Dec, 2017 12:00am
Working Group proposed for promoting investment

Working Group proposed for promoting investment

Punjab Board of Investment and Trade (PBIT) has proposed to form a "Working Group" of prominent businessmen and concerned government personnel to work hand-in-hand for the promotion of investment climate of Punjab. PBIT Chief Executive Officer Jahanzeb Bu
Published 01 Dec, 2017 12:00am
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