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Nov 06, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-12-15
Oil prices slightly up

Oil prices slightly up

Oil prices rose almost 1 percent on Thursday after a pipeline outage in Britain continued to support prices despite data expecting a global crude surplus in the beginning of next year. US West Texas Intermediate futures settled up 44 cents, or 0.8 percent
Published 15 Dec, 2017 12:00am
Rubber hits one-week high
Exchange

Rubber hits one-week high

Benchmark Tokyo rubber futures hit a one-week high on Thursday on the back of a late recovery in Shanghai futures, though the gain was limited due to a stronger yen against the dollar, brokers said. Tokyo Commodity Exchange (TOCOM) futures, which set the
Published 15 Dec, 2017 12:00am
Palm hits 16-month low on weak demand
Vegetable Oil

Palm hits 16-month low on weak demand

Malaysian palm oil futures hit a 16-month low on Thursday, weighed down by low demand and high stockpiles, as well as weakness in edible oils on China's Dalian Commodity Exchange. The benchmark palm oil contract for February delivery
Published 15 Dec, 2017 12:00am
Gold jumps 1 percent in New York trade

Gold jumps 1 percent in New York trade

Gold prices rose on Wednesday, extending gains to 1 percent as the dollar fell after the US Federal Reserve raised interest rates as expected but left its outlook unchanged for coming years. The spot gold price rallied to $1,256.87 after the Fed raised it
Published 15 Dec, 2017 12:00am
Gold higher in Asian trade

Gold higher in Asian trade

Gold prices hit their highest in a week on Thursday, as the dollar was on the defensive after tumbling in the previous session following the US Federal Reserve's decision on interest rates. The Fed raised benchmark rates for the third time this year as wi
Published 15 Dec, 2017 12:00am
Gold edges back from one-week high after strong US data

Gold edges back from one-week high after strong US data

Gold pulled back from a one-week high on Thursday after the dollar rebounded following strong US retail sales data. US retail sales increased more than expected in November as the holiday shopping season got off to a brisk start.
Published 15 Dec, 2017 12:00am
Asian markets struggle after latest gains

Asian markets struggle after latest gains

Asian markets mostly fell after a recent rally as investors cashed in while also looking ahead to key central bank meetings that could provide some idea about monetary policy in the new year. Wall Street provided yet another record-breaking lead as the se
Published 15 Dec, 2017 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold prices hit their highest in a week on Thursday, as the dollar was on the defensive after tumbling in the previous session following the US Federal Reserve's decision on interest rates. The Fed raised benchmark rates for the third time this year as wi
Published 15 Dec, 2017 12:00am
Government ready to address genuine concerns of small traders: Haroon

Government ready to address genuine concerns of small traders: Haroon

Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan has said that the government is prepared to work with the small traders to address their genuine concerns and asked them to forward their proposals and recommendations for their considerati
Published 15 Dec, 2017 12:00am
Governor to inaugurate 'Interiors Pakistan' today

Governor to inaugurate 'Interiors Pakistan' today

Punjab Governor Rafiq Ahmad Rajwana will inaugurate a three-day "9th 'Interiors Pakistan' exhibition 2017 at the Expo Centre today. Chief Executive PFC Mian Kashif Ashfaq in a statement said that Federal Minister for Commerce and Textile Muhammad Pervaiz
Published 15 Dec, 2017 12:00am
ANF seizes 1.376 tons of narcotics, nets 16 drug traffickers

ANF seizes 1.376 tons of narcotics, nets 16 drug traffickers

The Anti Narcotics Force in 17 counter-narcotics strikes carried out across the country recovered 1.376 ton drugs worth Rs 1.585 billion in international market, arrested 16 persons including two women involved in drug smuggling and impounded six vehicles
Published 15 Dec, 2017 12:00am
Shahbaz directs observance of Al-Quds Defence Day

Shahbaz directs observance of Al-Quds Defence Day

Under the directions of CM Punjab Shahbaz Sharif, Al-Quds Defence Day (Yum-e-Tahaffez Al -Quds) would be observed on Friday (Today) and a main rally would be held in this regard to show the national solidarity against the decision of declaring the Jerusal
Published 15 Dec, 2017 12:00am
Government to contact PPP for passage of delimitation bill

Government to contact PPP for passage of delimitation bill

The Pakistan Muslim League-Nawaz (PML-N) leadership has decided to contact the PPP leaders in a bid to get the constitutional amendment bill on delimitation of constituencies passed from the Senate. The PML-N leadership has assigned the task to Khawaja Sa
Published 15 Dec, 2017 12:00am
British HC announces Great Debate competition

British HC announces Great Debate competition

The British High Commissioner Thomas Drew announced the launch of the Great Debate competition at the British High Commission in Islamabad. The Great Debate 2017 is the third annual edition of the competition that gives Pakistani students a platform to pa
Published 15 Dec, 2017 12:00am
Security put on alert in Lahore

Security put on alert in Lahore

The city police finalising foolproof security arrangements in the provincial capital after receiving information regarding some terror activity, Business Recorder has learnt through reliable sources. The sources added that all police officers, part
Published 15 Dec, 2017 12:00am
TDAP for improving quality & value of products

TDAP for improving quality & value of products

Trade Development Authority of Pakistan (TDAP) is endeavouring to support and assist the business sector to help improve the quality and value of the products. Shazia Akram, Director General, Trade Development Authority of Pakistan (TDAP), Sub Regional Of
Published 15 Dec, 2017 12:00am
SMEDA identifies 45 products to explore export scope under CPEC

SMEDA identifies 45 products to explore export scope under CPEC

A study conducted by Small and Medium Enterprises Development Authority (SMEDA) has identified 45 high-potential products to explore the export opportunities under China Pakistan Economic Corridor (CPEC). According to the study, 13 items, out of 45 produc
Published 15 Dec, 2017 12:00am
Ghous Ali Shah meets Shujaat

Ghous Ali Shah meets Shujaat

Former Sindh Chief Minister Syed Ghous Ali Shah met Pakistan Muslim League-Q (PML-Q) President Chaudhry Shujaat Hussein at his Gulberg residence here on Thursday and discussed the country's overall political situation. Sources said both the leaders expres
Published 15 Dec, 2017 12:00am
39 lawyers booked for vandalising judicial complex

39 lawyers booked for vandalising judicial complex

Police on Thursday registered a First Information Report (FIR) against 39 lawyers, including Lahore High Court Bar Association-Multan President Sher Zaman Qureshi, for vandalising Multan's judicial complex during a protest. On Wednesday, lawyers in Multan
Published 15 Dec, 2017 12:00am
Power plants not part of CPEC initially, says Chairman P&D
Exchange

Power plants not part of CPEC initially, says Chairman P&D

Planning and Development (P&D) Department Chairman Jehanzaib Khan has said that setting up of power plants was not part of the China Pakistan Economic Corridor (CPEC) initially and China incorporated them in the project to ensure manufacturing needs in fu
Published 15 Dec, 2017 12:00am
No gas loadshedding in KP: GM SNGPL

No gas loadshedding in KP: GM SNGPL

General Manager SNGPL Khyber Pakhtunkhwa, Arbab Saqib on Thursday said that there is no loadshedding of sui gas in the province and the slight decrease reported in production of gas is due to some operational and technical reasons. Talking to media person
Published 15 Dec, 2017 12:00am
Korean Film Show arranged at PNCA

Korean Film Show arranged at PNCA

Embassy of Korea Thursday arranged Korean Film Show 2017 at Pakistan National Council of the Art (PNCA) for the purpose of entertaining local people. In his welcome address, Charge d'Affairs of Korea Kim Jinwook said that his embassy in collaboration with
Published 15 Dec, 2017 12:00am
Heroin recovery from aircraft: 17 arrested so far, Senate body told

Heroin recovery from aircraft: 17 arrested so far, Senate body told

The Anti-Narcotics Force (ANF) Thursday informed the Senate Special Committee on Pakistan International Airlines that 17 persons have so far been arrested in a case of heroin recovery from PIA aircraft at Heathrow Airport. During a briefing at the Parliam
Published 15 Dec, 2017 12:00am
QWP workers stage anti-US protest

QWP workers stage anti-US protest

Workers of Qaumi Watan Party (QWP) on Thursday staged a protest demonstration outside press club against US recognition of Jerusalem as Israel's capital, and demanded that the decision should be withdrawn immediately. The protest was headed by QWP provinc
Published 15 Dec, 2017 12:00am
Government serious in implementing FATA reforms: Jhagra

Government serious in implementing FATA reforms: Jhagra

Khyber Pakhtunkhwa Governor Engr Iqbal Zafar Jhagra has said that the government is serious in implementation of FATA reforms which will lead to initiating a new era of development and progress in the area. He further said that the provision of basic faci
Published 15 Dec, 2017 12:00am
Afghanistan will object if FATA merged with KP, Achakzai warns NA

Afghanistan will object if FATA merged with KP, Achakzai warns NA

Speaking on the FATA issue in the National Assembly on Thursday, Chief Pakhtunkhwa Milli Awami Party Mahmood Khan Achakzai said that he is a democrat and has his own opinion on the issue that should be respected and rebutted arguments.
Published 15 Dec, 2017 12:00am
PIDE VC for consensus to define prosperity
Currency

PIDE VC for consensus to define prosperity

Vice Chancellor Pakistan Institute of Development Economics (PIDE), Dr Asad Zaman has stressed the need for a new consensus to define prosperity. Addressing the 33rd Annual General Meeting & Conference of the Pakistan Society of Development Economists (PS
Published 15 Dec, 2017 12:00am
Turkish military award conferred on CNS

Turkish military award conferred on CNS

Chief of Naval Staff Admiral Zafar Mahmood Abbasi has been bestowed with military award of Turkish armed forces, 'the Legion of the Turkish Armed Forces'. According to spokesperson of Pakistan Navy, the award was presented to him by head of Turkish Navy A
Published 15 Dec, 2017 12:00am
Speaker National Assembly for enhancing trade ties with Germany

Speaker National Assembly for enhancing trade ties with Germany

Speaker National Assembly Sardar Ayaz Sadiq has emphasized the need of increasing bilateral trade relations between Germany and Pakistan. Pakistani industries can greatly benefit from German technological advancements and a growing middle class population
Published 15 Dec, 2017 12:00am
Mehfil-e-Milad held at Pak embassy in Beijing

Mehfil-e-Milad held at Pak embassy in Beijing

A 'Mehfil-e-Milad' was held here on Thursday at the Embassy of Pakistan in connection with Eid-Milad-un Nabi. The wife of Ambassador of Pakistan and Principal of Pakistan Embassy College Beijing, welcomed the guests comprising of Pakistani community resid
Published 15 Dec, 2017 12:00am
Palestine issue: Ummah's response effective, appropriate: President

Palestine issue: Ummah's response effective, appropriate: President

President Mamnoon Hussain has said that Islamic Ummah has given a highly effective and appropriate response to the new situation arising in Palestine which would help in resolving the Palestine issue. The President said this while talking to the outgoing
Published 15 Dec, 2017 12:00am
Crimes against women: Babar calls for maintaining catalog

Crimes against women: Babar calls for maintaining catalog

Broken criminal justice system and misrepresentation of religion, as witnessed in the dharna last month at Faizabad are the core issues in continuing violence in the country and the worst sufferers were women. This was stated by Senator Farhatullah Babar
Published 15 Dec, 2017 12:00am
Previous governments delivered nothing: KP Speaker

Previous governments delivered nothing: KP Speaker

Speaker Khyber Pakhtunkhwa Assembly Asad Qaiser on Thursday said the previous provincial governments of the ANP, PML-N and MMA kept the people deprived of basic facilities and delivered nothing except hollow slogans. Addressing a gathering in Swabi after
Published 15 Dec, 2017 12:00am
Senate body asks ministry to provide details of Pak-Turk schools

Senate body asks ministry to provide details of Pak-Turk schools

The Senate Standing Committee on Interior Thursday asked Ministry of Interior to provide details of teachers (Turk citizens) of Pak-Turk schools who have left the country or are in Pakistan as well as registration documents of schools.
Published 15 Dec, 2017 12:00am
PTI welcomes CoAS statement on Fata-KP merger

PTI welcomes CoAS statement on Fata-KP merger

The Pakistan Tehreek-e-Insaf (PTI) on Thursday welcomed the statement of Army Chief General Qamar Javed Bajwa on the merger of Federally Administrated Tribal Areas (FATA) with Khyber Pakhtunkwa (KPK) province. While addressing the party workers here, PTI
Published 15 Dec, 2017 12:00am
Four contesting for FPCCI's president's slot on December 29

Four contesting for FPCCI's president's slot on December 29

Four candidates are in the run for president in the election of the Federation of Pakistan Chambers of Commerce and Industry for 2018. The elections are scheduled for December 29. According to the provisional list of contestants who filed nomination paper
Published 15 Dec, 2017 12:00am
PBIF chief concerned over indefinite closure of second LNG terminal

PBIF chief concerned over indefinite closure of second LNG terminal

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said the indefinite closure of the country's second LNG terminal in the winter has added to the problems of masses and the business community. Shortage of gas has increa
Published 15 Dec, 2017 12:00am
Imran promises better deals for business, institutions
Exchange

Imran promises better deals for business, institutions

Pakistan Tehreek-e-Insaf chairman Imran Khan said on Thursday that his party would bring institutional reforms and ensure ease of doing business once it came to power. Addressing the business community on his visit to the Federation of Pakistan Chambers o
Published 15 Dec, 2017 12:00am
MoUs signed to promote climate smart agriculture tools, techniques

MoUs signed to promote climate smart agriculture tools, techniques

The University of Veterinary and Animal Sciences (UVAS) Lahore signed two Memorandum of Understanding (MoUs) with Farm Dynamics Pakistan (Pvt) Ltd and Marta Asia (Pvt) Ltd for the promotion of climate smart agriculture tools and techniques for bringing fa
Published 15 Dec, 2017 12:00am
ABAD chief concerned over hike in steel bars prices

ABAD chief concerned over hike in steel bars prices

Association of Builders and Developers of Pakistan (ABAD) on Thursday expressed its concerns over the hike in steel bars prices. According to Arif Yousuf Jeewa, Chairman ABAD, dealers of steel bars have unjustifiably increased the commodity prices after d
Published 15 Dec, 2017 12:00am
FBR asked to extend deadline for e-filing of returns by December 31

FBR asked to extend deadline for e-filing of returns by December 31

Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to extend the date of e-filing of returns till December 31, 2017. In a letter sent to chairman FBR, the KTBA stated that since November 30, 2017, the IRIS had been working
Published 15 Dec, 2017 12:00am
Pakistani, foreign engineers present their research

Pakistani, foreign engineers present their research

Post-graduates, PhD professors and researchers from different engineering disciplines shared their research work at an international conference, organized by NED University of Engineering and Technology, here on Thursday. Foreign research scholars also pr
Published 15 Dec, 2017 12:00am
Western, southern parts to remain under very cold spell: MO

Western, southern parts to remain under very cold spell: MO

Pakistan's western and southern parts are expected to remain under a very cold spell in the next 24 hours with plunging temperature into minus degrees, the Met Office said on Thursday. Malakand, Hazara, Peshawar, Mardan and Rawalpindi Divisions, Islamabad
Published 15 Dec, 2017 12:00am
Cold winds keep fishermen from hunting

Cold winds keep fishermen from hunting

Cold winds have compelled majority of fishermen to stay away from fishing. Current trend is likely to continue for a week. The cold gusts have brought nearly 70 percent of boats to moorages, which are likely to stay on the coast for another one week.
Published 15 Dec, 2017 12:00am
CM condoles

CM condoles

Punjab Chief Minister Shahbaz Sharif has condoled the death of daughter-in-law of Nawab Iftikhar Hussain Khan Mamdot, former Governor Sindh and ex-Chief Minister Punjab. He has also condoled the death of Tahir Chughtai, brother of Professor Akhtar Sohail
Published 15 Dec, 2017 12:00am
Kamal, Imran discuss political situation over phone

Kamal, Imran discuss political situation over phone

PTI chief Imran Khan and PSP Chairman Syed Mustafa Kamal on Thursday spoke to each other over the phone to discuss the prevalent political situation of the country. According to reports, Kamal and Imran Khan spoke on the phone and agreed to meet each othe
Published 15 Dec, 2017 12:00am
Sharjeel corruption case: AC expresses anger over absence of suspects

Sharjeel corruption case: AC expresses anger over absence of suspects

The accountability court hearing former provincial minister Sharjeel Memon's Rs 5.75 billion corruption case expressed anger over the absence of suspects on Thursday. According to details, PPP leader and former provincial minister Sharjeel Memon as well a
Published 15 Dec, 2017 12:00am
Murad says Sindh government digitalizing its departments

Murad says Sindh government digitalizing its departments

Chief Minister Murad Ali Shah said on Thursday that his government was taking measures to digitalize its departments in order to promote transparency and efficiency through digital advancement. Addressing participants of a leadership summit on "Scaling th
Published 15 Dec, 2017 12:00am
'PACP to open new center in Jalalpur Jattan'

'PACP to open new center in Jalalpur Jattan'

The Punjab AIDS Control Programme (PACP) will open a new center for HIV/AIDS patients, said Dr Asim Altaf, Programme Director PACP in a meeting on Thursday. The Programme Director further said that the PACP is taking all-out measures for the treatment of
Published 15 Dec, 2017 12:00am
Work on Sialkot tanneries zone under way: DC
Exchange

Work on Sialkot tanneries zone under way: DC

Development work on mega project of Sialkot Tanneries Zone is briskly underway with the help of different departments, said Deputy Commissioner Dr Farruk Naveed. He stated this in a meeting with World Bank delegation held here last evening. He said that b
Published 15 Dec, 2017 12:00am
International conference on social sciences & humanities kicks off

International conference on social sciences & humanities kicks off

Chairman Higher Education Commission (HEC) Pakistan, Dr Mukhtar Ahmad has urged universities to produce maximum scholars in social sciences as society is facing numerous challenges of the new millennium. He was addressing to the audience during the openin
Published 15 Dec, 2017 12:00am
'PFA ban on loose edibles opens new avenues for businesses'

'PFA ban on loose edibles opens new avenues for businesses'

Punjab Food Authority (PFA) has opened new avenues of businesses regarding processing and packaging industry by clamping complete ban on the sale of loose eatables including spices, pulses, oil and other items in Punjab, said Noor-ul-Amin Mangal Director
Published 15 Dec, 2017 12:00am
Cricingif wins 2017 APICTA Start-up gold medal

Cricingif wins 2017 APICTA Start-up gold medal

Pakistani start-up Cricingif has won Gold medal in the Startup Category at Asia Pacific ICT Awards 2017 (APICTA) against 200+ products from 16 economies in the region. Delegations from 16 different countries gathered this month in Dhaka to promote ICT, en
Published 15 Dec, 2017 12:00am
Imran's narrative long propagated by Musharraf: Marriyum

Imran's narrative long propagated by Musharraf: Marriyum

Minister of State for Information, Broadcasting, National History and Literary Heritage Marriyum Aurangzeb has severely castigated Imran Khan for his convulsions saying that he was uttering the same narrative within the country which was being propagated
Published 15 Dec, 2017 12:00am
'Contract dengue employees will be regularized soon in Punjab'

'Contract dengue employees will be regularized soon in Punjab'

Provincial Minister for Primary & Secondary Healthcare Khawaja Imran Nazir has said that no employee of Health department would be laid off and contract dengue employees would be regularized very soon. He stated this while addressing the "Health and Welln
Published 15 Dec, 2017 12:00am
IMF team's discussions focus on economic developments
Exchange

IMF team's discussions focus on economic developments

An International Monetary Fund (IMF) mission led by Harald Finger visited Pakistan from December 5th to 14th, 2017 for the first Post Programme Monitoring (PPM) since the end of Extended Fund Facility (EFF) in September 2016.
Published 15 Dec, 2017 12:00am
Women's basic issues: NCSW launches three research studies

Women's basic issues: NCSW launches three research studies

National Commission on the Status of Women (NCSW) on Thursday launched three research studies encompassing representation of women officers in Pakistan's Federal Service Commission, access to justice for survivors of sexual assault and Jirga's role with r
Published 15 Dec, 2017 12:00am
Country moving towards instability: Nawaz
Exchange

Country moving towards instability: Nawaz

Former prime minister Nawaz Sharif on Thursday said the country is moving towards instability and the current circumstances in Pakistan are unsatisfactory. Nawaz added that the country, which was progressing well, is now moving towards instability after t
Published 15 Dec, 2017 12:00am
JI to hold protest outside US Consulate on December 22

JI to hold protest outside US Consulate on December 22

Jamaat-e-Islami (JI) has announced that it will hold a protest demonstration against US president Donald Trump's decision to recognise Jerusalem as Israel's capital, outside American Consulate in Peshawar on December 22. The announcement was made by JI pr
Published 15 Dec, 2017 12:00am
Lawyers to observe strike today

Lawyers to observe strike today

The lawyers will observe strike today to record their protest for cases against Multan's lawyers and raids on their houses. The Punjab Bar Council and Lahore High Court Bar Association has given the call. The lawyers will appear just in urgent cases and w
Published 15 Dec, 2017 12:00am
IMF says devalued PKR a welcome move
Currency

IMF says devalued PKR a welcome move

The International Monetary Fund on Thursday welcomed Pakistan's recent rupee devaluation, describing it as important for favourable economic growth momentum. "Continued exchange rate flexibility will be important to facilitate external adjustments to supp
Published 15 Dec, 2017 12:00am
'Safe heavens': FO dismisses Tillerson's assertion

'Safe heavens': FO dismisses Tillerson's assertion

The Foreign Office Thursday dismissed the US Secretary of State Rex Tillerson's assertion regarding terrorists' "safe havens," saying Pakistan is determined to rid its soil of the scourge of terrorism in its own national interest.
Published 15 Dec, 2017 12:00am
Two PRA commissioners to join FBR

Two PRA commissioners to join FBR

Commissioner (Appeal) Punjab Revenue Authority (PRA) Shehzad Mehmood Gondal and Deputy Commissioner Gujranwala PRA Zaka Ullah relinquished the charge of their offices on Thursday to join their parent department, the Federal Board of Revenue (FBR) Headquar
Published 15 Dec, 2017 12:00am
US CG meets minister

US CG meets minister

US Consul General in Lahore Elizabeth Kennedy Trudeau called on Punjab Minister for Labour & Human Resource Raja Ashfaq Sarwar at his office on Thursday. During the meeting, different matters of mutual interest including promotion of Pak-US relations and
Published 15 Dec, 2017 12:00am
Assemblies will complete their term: Asif

Assemblies will complete their term: Asif

Foreign Minister Khawaja Asif asserted early Thursday that representative assemblies will complete their term and there is no such problem, which may delay elections in the country. Asif's assertion followed National Assembly Speaker Ayaz Sadiq's statemen
Published 15 Dec, 2017 12:00am
Expatriate gets house possession via OPC Punjab

Expatriate gets house possession via OPC Punjab

With the intervention of Overseas Pakistanis Commission (OPC) Punjab, an expatriate has got back possession of his house worth Rs 10 million. Vice Chairperson OPC Shaheen Khalid Butt informed in this connection that Majid Saleem, settled in United Arab Em
Published 15 Dec, 2017 12:00am
Transport documents: exporters hail SBP's decision

Transport documents: exporters hail SBP's decision

Exporter community of Sialkot has hailed the decision of State Bank of Pakistan (SBP) for allowing exporters to directly dispatch transport documents to the buyers abroad against shipment valuing US $100,000 or equivalent. According to SBP sources the dec
Published 15 Dec, 2017 12:00am
Seminar held for awareness and safety of linemen

Seminar held for awareness and safety of linemen

A safety seminar was held at WAPDA House Peshawar for the awareness and safety of linemen. Chairman, Board of Directors (BoD) Peshawar Electric Supply Company (Pesco) Nawabzada Arsala Khan Hoti was chief guest on the occasion.
Published 15 Dec, 2017 12:00am
BMP optimistic about 2018 FPCCI elections

BMP optimistic about 2018 FPCCI elections

The Businessmen Panel (BMP) has expressed confidence that the FPCCI will change its leadership after three years through democratic process by the end of this year as the Balochistan Chamber has announced its support for BMP's presidential candidate Senat
Published 15 Dec, 2017 12:00am
'A tale of two ports'

'A tale of two ports'

This is apropos a Business Recorder editorial 'A tale of two ports' carried by the newspaper recently. The title brings to a reader's mind the title of Charles Dickens' A Tale of Two Cities. The newspaper has pointed out, among other things, that t
Published 15 Dec, 2017 12:00am
Big British local authority pensions step up hedge fund bets

Big British local authority pensions step up hedge fund bets

From Essex binmen to Liverpool councillors, government pension schemes in England and Wales are investing more in hedge funds whose bets, sometimes dictated by algorithms, have included exotic holdings such as Puerto Rican debt.
Published 15 Dec, 2017 12:00am
Decolonizing education in Pakistan

Decolonizing education in Pakistan

Established initially as institutions of higher studies, Madressahs taught law, Islamic sciences and philosophy. Prior to the arrival of British, both religious and secular education were taken care of for Hindus and Muslims by their respective religious
Published 15 Dec, 2017 12:00am
Pragmatic case selection model for audit - I

Pragmatic case selection model for audit - I

Selection for and conduct of audit is not ex facie detrimental to the interest of taxpayer, however to exercise such powers; the discretion needs to be structured by framing rules and issuance of policies for ensuring consistency and certainty of procedur
Published 15 Dec, 2017 12:00am
OIC: long on rhetoric, short on action

OIC: long on rhetoric, short on action

As expected, Wednesday's emergency summit of the Organisation of Islamic Countries (OIC) in response to US President Donald Trump's decision to recognise Jerusalem as the capital of Israel and shift his country's embassy to the city produced a lot of brav
Published 15 Dec, 2017 12:00am
Jump in trade deficit
Exchange

Jump in trade deficit

Trade data is again disappointing. According to the July-November 2017 data released by the Pakistan Bureau of Statistics (PBS) on 11th December, trade deficit of the country has swelled nearly by 29 percent to dollar 15.03 billion in the first five month
Published 15 Dec, 2017 12:00am
Austrian airline''s grounding strands thousands

Austrian airline''s grounding strands thousands

Austria began Thursday organising the repatriation of thousands of passengers stranded by the grounding of the airline Niki after Lufthansa dropped plans to buy it. Niki, whose roughly 20 planes served resorts in southern Europe and north Africa, ceased o
Published 15 Dec, 2017 12:00am
Austrian airline's grounding strands thousands

Austrian airline's grounding strands thousands

Austria began Thursday organising the repatriation of thousands of passengers stranded by the grounding of the airline Niki after Lufthansa dropped plans to buy it. Niki, whose roughly 20 planes served resorts in southern Europe and north Africa, ceased o
Published 15 Dec, 2017 12:00am
Austrian airline's grounding strands thousands

Austrian airline's grounding strands thousands

Austria began Thursday organising the repatriation of thousands of passengers stranded by the grounding of the airline Niki after Lufthansa dropped plans to buy it. Niki, whose roughly 20 planes served resorts in southern Europe and north Africa, ceased o
Published 15 Dec, 2017 12:00am
Modi's party seen sweeping state polls in popularity boost
Currency

Modi's party seen sweeping state polls in popularity boost

Indian Prime Minister Narendra Modi's ruling group will sweep an election in his home state of Gujarat, surveys showed on Thursday, shaking off the most serious challenge yet from a combined opposition. The election for a new state assembly in Gujarat is
Published 15 Dec, 2017 12:00am
Modi's party seen sweeping state polls in popularity boost
Currency

Modi's party seen sweeping state polls in popularity boost

Indian Prime Minister Narendra Modi's ruling group will sweep an election in his home state of Gujarat, surveys showed on Thursday, shaking off the most serious challenge yet from a combined opposition. The election for a new state assembly in Gujarat is
Published 15 Dec, 2017 12:00am
The Weather

The Weather

The weather report on Thursday (December 15, 2017) and the forecast for Friday (December 14, 2017).

Published 15 Dec, 2017 12:00am
SBP''s forex reserves up by $2 billion
Exchange

SBP''s forex reserves up by $2 billion

The liquid foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $2.006 billion to $14.666 billion during the week ended December 8, 2017. According to the data issued by the SBP Thursday, the change in reserves was due to procee
Published 15 Dec, 2017 12:00am
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