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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-12-29
Hong Kong stocks rise

Hong Kong stocks rise

Hong Kong's benchmark stock index rose for a fourth session in a row on Thursday, amid bullish sentiment in the region that pushed Asian stocks to their highest level in a month. At close of trade, the Hang Seng index was up 266.05 points or 0.9 percent a
Published 29 Dec, 2017 12:00am
Year-end portfolio rebalancing boosts bond prices

Year-end portfolio rebalancing boosts bond prices

US Treasuries prices gained on Wednesday as investors rebalanced portfolios before year-end, though the Treasury Department saw weak demand for a $34 billion sale of five-year notes. The rally was seen as likely prompted by portfolio rebalancing with no m
Published 29 Dec, 2017 12:00am
Year-end portfolio rebalancing boosts bond prices

Year-end portfolio rebalancing boosts bond prices

US Treasuries prices gained on Wednesday as investors rebalanced portfolios before year-end, though the Treasury Department saw weak demand for a $34 billion sale of five-year notes. The rally was seen as likely prompted by portfolio rebalancing with no m
Published 29 Dec, 2017 12:00am
Australian, New Zealand shares move up

Australian, New Zealand shares move up

Australian shares ticked up to a near 10-year closing high on Thursday, driven by financials while materials rode higher on stronger commodities prices. The S&P/ASX 200 index rose 0.3 percent or 18.2 points to close a subdued session at 6,088.10, after en
Published 29 Dec, 2017 12:00am
Indian shares lower

Indian shares lower

Indian shares ended lower for a second straight session on Thursday ahead of the expiry of derivatives contracts and on lingering concerns over government borrowing exceeding target. The BSE index dropped 0.19 percent to 33,848.03, while the broader NSE i
Published 29 Dec, 2017 12:00am
China stocks surge
Exchange

China stocks surge

China stocks rallied on Thursday, underpinned by robust gains in consumer and materials firms. At the close, the Shanghai Composite index was up 21.42 points or 0.65 percent at 3,297.21.
Published 29 Dec, 2017 12:00am
European shares drift into year-end as resources stocks glitter

European shares drift into year-end as resources stocks glitter

European shares inched lower on Thursday with company news and macro events scarce in holiday-thinned trading, while Britain's FTSE 100 hovered just under a record high. The pan-European STOXX 600 index fell 0.3 percent, while euro zone blue chips slipped
Published 29 Dec, 2017 12:00am
Sri Lankan stocks gain

Sri Lankan stocks gain

Sri Lankan shares inched higher on Thursday in their fifth straight gaining session to a fresh three-week closing high as the central bank held key policy rates steady, with trading muted by the holidays after Christmas. Sri Lanka's central bank kept its
Published 29 Dec, 2017 12:00am
Southeast Asian markets: Philippines, Indonesia climb to record high

Southeast Asian markets: Philippines, Indonesia climb to record high

Southeast Asian stock markets closed firmer on Thursday as broader Asian shares scaled a decade high on bets of a brighter outlook for the global economy and robust commodity prices, with the Philippines and Indonesia climbing to record finishes. Philippi
Published 29 Dec, 2017 12:00am
Miners help Britain's FTSE 100 stay at record levels

Miners help Britain's FTSE 100 stay at record levels

Britain's top share index steadied at record highs on Thursday as mining stocks rallied, though strength in the pound capped gains. The blue chip FTSE 100 index ended flat at 7,622.88. During the session it rose by as much as 0.2 percent, slightly topping
Published 29 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. 82.700-82.70 (Previous 82.70-82.70.
Published 29 Dec, 2017 12:00am
Dollar falls broadly in Asia
Currency

Dollar falls broadly in Asia

The dollar slid broadly on Thursday, hampered by a recent dip in US 10-year bond yields, while commodity-linked currencies were bolstered by this week's rally in metals and oil prices. In the cryptocurrency market, bitcoin came under renewed pressure, tum
Published 29 Dec, 2017 12:00am
Dollar slips; bitcoin struggles in Europe
Currency

Dollar slips; bitcoin struggles in Europe

The dollar slipped to a four-week low against a basket of currencies on Thursday, kept under pressure by a recent dip in US 10-year bond yields, while volatile bitcoin came under renewed pressure after a 30 percent fall in less than two weeks. The dollar
Published 29 Dec, 2017 12:00am
Dollar index hits 3-1/2-week low in New York
Currency

Dollar index hits 3-1/2-week low in New York

The US dollar fell to a 3-1/2-week low against a basket of currencies on Wednesday as traders bet more major central banks will begin reducing monetary stimulus in 2018 because of faster global economic growth. In the cryptocurrency arena, Bitcoin's rebou
Published 29 Dec, 2017 12:00am
Canadian dollar up
Currency

Canadian dollar up

The Canadian dollar strengthened to a two-month high against its US counterpart on Wednesday, as the greenback broadly fell and commodity markets held on to recent gains. At 9:08 am ET (1408 GMT), the Canadian dollar was trading at C$1.2591 to the greenba
Published 29 Dec, 2017 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee closed lower on Thursday as demand for dollars from importers and banks outweighed inward remittances and conversion of the US currency by exporters, dealers said. The spot rupee, which traded at 152.30/40 during the day, ended at 153
Published 29 Dec, 2017 12:00am
Most Asian currencies up; won hits over two-year high
Currency

Most Asian currencies up; won hits over two-year high

The South Korean won climbed to a more than 2-year high in its last trading day of the year, as the dollar fell on lower US bond yields, while most other Asian currencies rallied on Thursday. The greenback touched its lowest in more than three weeks, with
Published 29 Dec, 2017 12:00am
Bitcoin falls on South Korea curbs on digital currency trade
Currency

Bitcoin falls on South Korea curbs on digital currency trade

Bitcoin fell more than 11 percent after South Korea said on Thursday it would ban anonymous trading of virtual currencies and crack down on money laundering activities using them. The announcement came as the hyper-wired South emerged as a hotbed for cryp
Published 29 Dec, 2017 12:00am
Aussie, kiwi up
Currency

Aussie, kiwi up

The Australian and New Zealand dollars hovered near multi-week peaks on Thursday as a rally in metals combined with low volatility globally and a soft greenback encouraged leveraged plays in higher-yielding assets. Australia's commodity-driven currency ed
Published 29 Dec, 2017 12:00am
Wild Oats stripped of Sydney-Hobart win

Wild Oats stripped of Sydney-Hobart win

LDV Comanche was named the line honours winner of the Sydney to Hobart yacht race in dramatic circumstances Thursday when Wild Oats XI was stripped of the title over a near-collision. Wild Oats crossed the line in record time late Wednesday, but an intern
Published 29 Dec, 2017 12:00am
West Indies' Pollard out of T20s for 'personal reasons'

West Indies' Pollard out of T20s for 'personal reasons'

The West Indies have suffered a further setback on their New Zealand tour Thursday with team officials confirming premier all-rounder Kieron Pollard had pulled out of the Twenty20 matches for "personal reasons". It is the second change for the tourists, w
Published 29 Dec, 2017 12:00am
Kohli set for biggest year as Afghanistan make Test bow

Kohli set for biggest year as Afghanistan make Test bow

Virat Kohli's India dominated 2017 in Test cricket as they shored up top spot in the rankings, but will face far tougher challenges in South Africa and England next year while Afghanistan and Ireland start a new Test era. The 29-year-old Kohli racked up t
Published 29 Dec, 2017 12:00am
Ex-sumo champion charged over assault scandal

Ex-sumo champion charged over assault scandal

Former sumo grand champion Harumafuji was charged Thursday for a brutal assault on a rival wrestler while out drinking in a scandal that has humiliated Japan's ancient sport. The Mongolian former "yokozuna", sumo's highest rank, however, faced a summary i
Published 29 Dec, 2017 12:00am
Four Rio Ave players charged with match fixing

Four Rio Ave players charged with match fixing

Four players with Portuguese top-flight football club Rio Ave have been reportedly charged in a 500,000 euro ($597,000) match-fixing scam, local media revealed on Thursday. The public prosecutor, when contacted by AFP, could not confirm the case which fir
Published 29 Dec, 2017 12:00am
Murray takes it slow after injury woes

Murray takes it slow after injury woes

Andy Murray says his injury-ravaged season has forced him to take a cautious approach to what he can achieve when he returns to action. Murray has been sidelined since July when he was beaten by Sam Querrey in the Wimbledon quarter-finals.
Published 29 Dec, 2017 12:00am
Nadal pulls out of Brisbane, but says yes to Australian Open

Nadal pulls out of Brisbane, but says yes to Australian Open

World No.1 Rafael Nadal has withdrawn from the Brisbane International with a knee injury, but said he still intends to play in next month's Australian Open. The Spaniard, who hasn't played since losing to David Goffin at the World Tour Finals in London, w
Published 29 Dec, 2017 12:00am
Swansea hire Carvalhal as boss until end of season

Swansea hire Carvalhal as boss until end of season

Premier League strugglers Swansea City appointed Carlos Carvalhal as their manager until the end of the season on Thursday. Carvalhal was sacked by second-tier Sheffield Wednesday on Christmas Eve, but Swansea surprisingly chose the Portuguese coach to re
Published 29 Dec, 2017 12:00am
Samba Bank Lahore Open Polo: Allied Bank, Habib Metro Lions post wins

Samba Bank Lahore Open Polo: Allied Bank, Habib Metro Lions post wins

Allied Bank, Habib Metro Lions/Master Paints carved out contrastive wins in the Samba Bank Lahore Open Polo Championship 2017 matches played here at the Lahore Polo Club (LPC) ground on Thursday. Allied Bank defeated Green Orchard/Rijas 7-6 in a closely-c
Published 29 Dec, 2017 12:00am
Sterling sparkles as City claim 18th successive win

Sterling sparkles as City claim 18th successive win

Manchester City surged 15 points clear at the top of the Premier League as Raheem Sterling fired the runaway leaders to a 1-0 win at Newcastle on Wednesday. Pep Guardiola's side look certain to lift the title after extending their Premier League record wi
Published 29 Dec, 2017 12:00am
Cook's record double ends Australia's whitewash hopes

Cook's record double ends Australia's whitewash hopes

Alastair Cook reeled off a record-breaking double century to put England in full control of the fourth Ashes Test with a formidable 164-run innings lead in Melbourne on Thursday. The phlegmatic opener emphatically bounced back after a lean run of scores t
Published 29 Dec, 2017 12:00am
Zimbabwe unveils generous Mugabe retirement package

Zimbabwe unveils generous Mugabe retirement package

Zimbabwe's ousted president Robert Mugabe will get a residence, a car fleet and private air travel as part of a new government-funded retirement package for former leaders, state media reported Thursday. Mugabe will also be entitled to at least 20 staffer
Published 29 Dec, 2017 12:00am
Suicide bomber kills six in Nigerian market

Suicide bomber kills six in Nigerian market

A suicide bomber blew himself up Thursday in a crowded market in northern Nigeria, killing six people, security sources said, blaming the attack on the Boko Haram jihadist group. The bomber, who passed himself off as a grain merchant, staged the attack in
Published 29 Dec, 2017 12:00am
Kazakhstan passes media law

Kazakhstan passes media law

Kazakhstan on Thursday pushed through a raft of controversial amendments to a media law despite concern that the new legislation will further limit freedom of speech in the tightly-controlled nation. The Central Asian country's long-reigning president Nur
Published 29 Dec, 2017 12:00am
Israel passes controversial law altering police powers

Israel passes controversial law altering police powers

Israel's parliament passed a controversial law Thursday limiting the police's ability to recommend charges following their investigations after criticism that lawmakers were seeking to protect Prime Minister Benjamin Netanyahu. The law will not apply to c
Published 29 Dec, 2017 12:00am
Erdogan holds out olive branch to Germany, EU

Erdogan holds out olive branch to Germany, EU

President Recep Tayyip Erdogan has expressed hope for a better relationship with Germany and the EU after a fractious 2017, saying Ankara needs to reduce its enemies and increase its friends, in an interview published Thursday. The past year has seen Turk
Published 29 Dec, 2017 12:00am
Blackout prompts evacuations at Disneyland California

Blackout prompts evacuations at Disneyland California

A blackout forced evacuations at a number of Disneyland attractions in California on Wednesday, which was crowded on a day many were off for year-end holidays. Visitors at "Toontown" and "Fantasyland" attractions were plunged into darkness, as was the mon
Published 29 Dec, 2017 12:00am
Democrat's Senate win in Alabama to be certified despite challenge

Democrat's Senate win in Alabama to be certified despite challenge

State election officials were set to certify the stunning upset victory of Democrat Doug Jones in the US Senate race in Alabama on Thursday despite a last-minute legal challenge by defeated Republican candidate Roy Moore. Alabama Secretary of State John M
Published 29 Dec, 2017 12:00am
Iraq extends Kurdistan international flight ban

Iraq extends Kurdistan international flight ban

Iraqi authorities have extended through February an international flight ban slapped on the autonomous Kurdish region in response to a controversial independence vote, an airport official said on Thursday. Baghdad severed Iraqi Kurdistan's air links to th
Published 29 Dec, 2017 12:00am
Renowned Israeli writer dies

Renowned Israeli writer dies

Renowned novelist Ronit Matalon, known for her explorations of Israeli society, died Thursday at the age of 58 after battling cancer, media reports and officials said. President Reuven Rivlin mourned her death and called her a "marvellous author whose ori
Published 29 Dec, 2017 12:00am
Putin warns terror suspects can be killed 'on the spot'

Putin warns terror suspects can be killed 'on the spot'

Russian President Vladimir Putin warned Thursday that armed criminals could be "liquidated on the spot," calling the blast that tore through a Saint Petersburg supermarket and wounded 14 people an "act of terror." On Wednesday evening, a homemade bomb pla
Published 29 Dec, 2017 12:00am
Taiwan passports recalled over picture mix-up

Taiwan passports recalled over picture mix-up

Taiwan has had to scrap 200,000 new passports after an embarrassing design blunder mistakenly swapped an image of an airport in Washington for the island's main airport. The head of consular affairs resigned and another official was demoted Wednesday over
Published 29 Dec, 2017 12:00am
South Korea's Moon says 'comfort women' deal with Japan seriously flawed

South Korea's Moon says 'comfort women' deal with Japan seriously flawed

South Korea's 2015 deal with Japan over Tokyo's wartime sex slavery was "seriously flawed", President Moon Jae-In said Thursday, telling officials to re-examine the controversial agreement. The issue of women forced into sexual slavery for Japanese troops
Published 29 Dec, 2017 12:00am
Trump 'disappointed' China allowing oil into North Korea

Trump 'disappointed' China allowing oil into North Korea

US President Donald Trump on Thursday said he was "very disappointed that China is allowing oil to go into North Korea" and that such moves would prevent "a friendly solution" to the crisis over Pyongyang's nuclear program. "Caught RED HANDED - very disap
Published 29 Dec, 2017 12:00am
US, Turkey put end to visa spat

US, Turkey put end to visa spat

The United States and Turkey on Thursday turned the page on a visa crisis triggered nearly three months ago by the arrest of a staff member at the American mission in Ankara, but relations between the Nato allies remain tense. The two sides announced the
Published 29 Dec, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 29 Dec, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 29 Dec, 2017 12:00am
Cotton gains two percent; March contract touches fresh high
Cotton

Cotton gains two percent; March contract touches fresh high

ICE cotton futures jumped 2 percent on Wednesday, boosted by short-covering as the March contract touched an all-time high. Cotton contracts for March expiry settled up 1.52 cents, or 1.96 percent, at 78.95 cents per lb. They traded within a range of 77.2
Published 29 Dec, 2017 12:00am
Shanghai copper up
Exchange

Shanghai copper up

The most-traded copper contract on the Shanghai Futures Exchange ended 1.2 percent up at 55,770 yuan ($8,525.44) a tonne on Thursday on signs of strong demand from China next year. The remainder of active ShFE base metals contracts ended firmer, led by al
Published 29 Dec, 2017 12:00am
Copper hits four-year high as 2018 deficit looms
Currency

Copper hits four-year high as 2018 deficit looms

Copper prices jumped to a four-year peak on Thursday as funds bet on strong demand in top consumer China and supply disruptions in top producer Chile leaving the market short of the metal used widely in power and construction. Benchmark copper on the Lond
Published 29 Dec, 2017 12:00am
Oil prices edge up on strong US refinery runs, China data

Oil prices edge up on strong US refinery runs, China data

Oil prices edged up on Thursday, remaining near 2-1/2-year highs after data showed strong demand for crude imports in China and on increased US refining activity that drew more crude from inventories. Trading was typically thin at year end, with many trad
Published 29 Dec, 2017 12:00am
Rubber slips
Exchange

Rubber slips

Benchmark TOCOM rubber futures slipped on Thursday, sliding from a three-month high hit the previous day, as investors unwound positions ahead of new year holidays, while a stronger yen against the dollar added to pressure. The Tokyo Commodity Exchange (T
Published 29 Dec, 2017 12:00am
Palm oil drops on high inventory, subdued related oils
Vegetable Oil

Palm oil drops on high inventory, subdued related oils

Malaysian palm oil futures charted their first decline in four days on Thursday evening, slipping from the previous session's one-week high, as ample supplies dented sentiment. Related edible oils largely traded flat, with the March soyabean oil contract
Published 29 Dec, 2017 12:00am
ICE cocoa, sugar, coffee up on short-covering

ICE cocoa, sugar, coffee up on short-covering

Cocoa and raw sugar on ICE Futures US climbed on Thursday as short-covering and a weak US dollar offset expectations of hefty supplies, and coffee futures also gained. ICE soft agricultural commodity markets will be closed on Monday for the New Year holid
Published 29 Dec, 2017 12:00am
Gold rises in New York
Currency

Gold rises in New York

Gold rose for an eighth straight session on Wednesday as a weaker US dollar encouraged investors to buy, and palladium hit another near 17-year peak on expectations of strong demand and short supplies. Spot gold was up 0.37 percent at $1,287.98 per ounce
Published 29 Dec, 2017 12:00am
Gold surges in Asia

Gold surges in Asia

Gold prices rose to their highest level in one month on Thursday in light holiday trade and as the dollar fell to a four-week low. Spot gold was up 0.4 percent at $1,292.20 an ounce at 0742 GMT, after earlier reaching its highest since November 29 at $1,2
Published 29 Dec, 2017 12:00am
Gold climbs in Europe
Currency

Gold climbs in Europe

Gold hit a one-month high on Thursday, rallying for a ninth straight session as a retreat in the dollar on the back of lower US bond yields drove gains in commodities priced in the currency. The metal is also benefiting from technically driven momentum af
Published 29 Dec, 2017 12:00am
US MIDDAY: soyabeans tumble

US MIDDAY: soyabeans tumble

Chicago soyabean futures fell more than 1 percent and neared a four-month low Thursday on improving crop prospects in Brazil that could curb demand for US soya exports, traders said. Corn and wheat futures also declined in thin trade between the Christmas
Published 29 Dec, 2017 12:00am
US MIDDAY: gold hits one-month high
Currency

US MIDDAY: gold hits one-month high

Gold extended gains on Thursday to a one-month high on a strong technical outlook and a US dollar at a four-week low, as palladium prices reversed earlier losses to touch a fresh 17-year high. The metal benefited from technically driven momentum after clo
Published 29 Dec, 2017 12:00am
KP's 'free insulin project' extended for three years

KP's 'free insulin project' extended for three years

Health Department of Khyber Pakhtunkhwa has planned its extension of successful 'Insulin for Life Project' for a term of three years ensuring free healthcare to diabetic patients in the province. The project is currently benefiting 13,000 diabetic patient
Published 29 Dec, 2017 12:00am
NAB chief vows not to spare corrupt people

NAB chief vows not to spare corrupt people

Justice Javed Iqbal, Chairman NAB reiterated his firm resolve of not sparing the corrupt people, dragging them in the dock and depositing the looted money into national exchequer. Talking during Public Complainants hearing (Open Ketchery), he assured the
Published 29 Dec, 2017 12:00am
Senate panel passes criminal law amendment bill

Senate panel passes criminal law amendment bill

The Senate Standing Committee on Interior on Thursday passed a criminal law amendment bill seeking abolishing a colonial penal law by decriminalizing the attempt of suicide, with some amendments. The meeting which met with Senator Abdul Rehman Malik passe
Published 29 Dec, 2017 12:00am
Moot on emerging technologies held at HEC

Moot on emerging technologies held at HEC

The Capital University of Science and Technology (CUST), in collaboration with the Higher Education Commission (HEC) and Institute of Electrical and Electronics Engineers (IEEE) Islamabad organised a two-day 13th International Conference on Emerging Techn
Published 29 Dec, 2017 12:00am
KP government bans use of tobacco at public places

KP government bans use of tobacco at public places

The provincial government of Khyber Pakhtunkhwa has prohibited the use of tobacco products in all public places and transport. The decision has been taken in light of "Prohibition of Smoking and Protection of Non-Smokers Health Ordinance, 2002.
Published 29 Dec, 2017 12:00am
ABAD fears $250 million commitments in jeopardy

ABAD fears $250 million commitments in jeopardy

Arif Jeewa, chairman, Association of Builders and Developers of Pakistan (ABAD) said that commitment of US$250 million made during ABAD expo 2017 were now in jeopardy, following the ban on high rise buildings and skyscrapers. He said that investors now ap
Published 29 Dec, 2017 12:00am
NAB approves inquiries against NWA surgeon, EZDMC officers

NAB approves inquiries against NWA surgeon, EZDMC officers

The Regional Board Meeting (RBM) of National Accountability Bureau Khyber Pakhtunkhwa was held under the chairmanship of Brigadier Farooq Naser Awan (retd), Director General NAB (KP) at Peshawar. The meeting was attended by Directors, Additional Directors
Published 29 Dec, 2017 12:00am
Government urged to announce package for TDPs

Government urged to announce package for TDPs

People's Youth Organization (PYO) Fata, a students' body affiliated with Pakistan Peoples Party (PPP) demanded of the government to announce package for temporarily displaced persons (TDPs) of various Agencies of Federally Administered Tribal Areas, alrea
Published 29 Dec, 2017 12:00am
PTI leaders demand electricity for Chitral

PTI leaders demand electricity for Chitral

Leaders of Pakistan Tehreek-i-Insaf (PTI) from Chitral has demanded of the federal government and Ministry of Water and Power Development to ensure supply of 30 megawatts electricity to the district from Golan Gol Hydropower project. Flanked by PTI Chitra
Published 29 Dec, 2017 12:00am
Iran, Pakistan agree on joint aerial monitoring of border

Iran, Pakistan agree on joint aerial monitoring of border

Iran and Pakistan have agreed on joint aerial monitoring of their border to counter any possible threat and avoid any untoward situation, local media reported. Quoting official sources, Iranian media said that the decision was made at a meeting between se
Published 29 Dec, 2017 12:00am
TCP to procure sugar on competitive bidding basis

TCP to procure sugar on competitive bidding basis

The Economic Coordination Committee (ECC) of the Cabinet has reportedly approved that Trading Corporation of Pakistan (TCP) would procure sugar from mills on the basis of competitive bidding with a maxim price of Rs 48 per kg instead of quota basis, a sen
Published 29 Dec, 2017 12:00am
Neelum-Jhelum project in final stages of completion

Neelum-Jhelum project in final stages of completion

The 969MW-Neelum Jhelum Hydropower project-a hydel power generating scheme of strategic importance-is in final stage of completion, as most of the major milestones which were required to be completed prior to commissioning of the project, have successfull
Published 29 Dec, 2017 12:00am
Forex reserves decline by $194 million
Exchange

Forex reserves decline by $194 million

The country's total liquid foreign reserves fell $194.4 million during the last week due to external debt servicing. According to State Bank of Pakistan's (SBP), weekly foreign exchange reserve report issued on Thursday, with current decline, the country'
Published 29 Dec, 2017 12:00am
LCCI hails appointment of Miftah
Currency

LCCI hails appointment of Miftah

The Lasbela Chamber of Commerce and Industry (LCCI) have hailed the appointment of Dr Miftah Ismail as Adviser to the Prime Minister on Finance, Revenue and Economic Affairs, with the status of Federal Minister. The President LCCI, Yakoob Karim said that
Published 29 Dec, 2017 12:00am
Nepra grills CPPA: consumers to get Rs 3.11 per unit refund

Nepra grills CPPA: consumers to get Rs 3.11 per unit refund

While approving Rs 3.11 per unit refund for the consumers of Distribution Companies for November 2017 under monthly fuel price adjustment, National Electric Power Regulatory Authority (Nepra) on Thursday grilled Central Power Purchasing Agency (CPPA) for
Published 29 Dec, 2017 12:00am
Progressive Group greets Miftah Ismail

Progressive Group greets Miftah Ismail

Progressive Group, in the Lahore Chamber of Commerce & Industry, congratulating Miftah Ismail on his appointment as advisor to the Prime Minister on Finance and Rana Muhammad Afzal as State Minister of Finance hoped that both would succeed in putting the
Published 29 Dec, 2017 12:00am
Nation won't accept any NRO for the Sharifs: Qadri

Nation won't accept any NRO for the Sharifs: Qadri

Head of Pakistan Awami Tehrik Dr Tahir ul Qadri has said the nation will not accept any new NRO for plunderers and killers, if any such NRO is granted, it would mean not just burial of justice for good, but also serious humiliation of state, nation, parli
Published 29 Dec, 2017 12:00am
CJP asks milk producing firms not to mislead public

CJP asks milk producing firms not to mislead public

Chief Justice Pakistan Mian Saqib Nisar on Thursday warned to milk producing companies strictly to stop misleading the public and mentioned clearly about their products what they were actually. The court issued notices to seven tea-whitener and milk manuf
Published 29 Dec, 2017 12:00am
Rice export shipment: Iranian CG urged to reduce visa processing time

Rice export shipment: Iranian CG urged to reduce visa processing time

Rice exporters have urged the Iranian Consulate General at Lahore to take steps for reducing the time required for processing of visa applications and attestation of documents to curtail the time for rice export shipment to Iran. Exporters said that Iran
Published 29 Dec, 2017 12:00am
DIG Prisons transferred

DIG Prisons transferred

The Punjab government has transferred Deputy Inspector General of Prisons (Headquarters) Punjab Mian Salik Jalal to Punjab Prisons Staff Training College at Sahiwal as commandant. Well-informed sources confirmed to Business Recorder on Thursday tha
Published 29 Dec, 2017 12:00am
Water issue: CJP to hear suo motu case today

Water issue: CJP to hear suo motu case today

Chief Justice of Pakistan Mian Saqib Nisar observed that the government should have reduced one coach of Orange Line Metro Train in Lahore to save money for the establishment of an incineration plant to destroy hospitals' wastes. He adjourned the hearing
Published 29 Dec, 2017 12:00am
Ali Tareen to contest NA-154 by-poll

Ali Tareen to contest NA-154 by-poll

Ali Tareen, the son of disqualified Pakistan Tehreek-e-Insaf (PTI) MNA Jahangir Tareen on Thursday submitted nomination papers to contest the bye-election on Lodhran's NA-154 constituency. Jahangir Tareen, the former general secretary of the PTI, lost his
Published 29 Dec, 2017 12:00am
PU syndicate's meeting put off amid controversies

PU syndicate's meeting put off amid controversies

Punjab University's Provisional Vice Chancellor Professor Dr Zaffar Moeen Nasar on Thursday postponed syndicate's 1724th meeting to be held on Friday (today) after facing strong resistance from deans, principals and teachers of the university.
Published 29 Dec, 2017 12:00am
Businessmen urged to explore trade opportunities in Chengdu

Businessmen urged to explore trade opportunities in Chengdu

Consul General of Pakistan in Chengdu, Mudassir Tipu has urged the Pakistani businessmen to explore business opportunities in Chengdu-capital of Sichuan province of China. The Consul General stated this at a meeting with President, Pak-China Joint Chamber
Published 29 Dec, 2017 12:00am
LCCI rejects possible hike in POL prices

LCCI rejects possible hike in POL prices

The government should not even think about making increase in the petroleum prices at this critical stage when all the economic indicators are not in favour of economy. The Lahore Chamber of Commerce and Industry (LCCI) office bearers President Malik Tahi
Published 29 Dec, 2017 12:00am
Excise department seals 45 properties

Excise department seals 45 properties

The Excise department has sealed 45 properties of tax defaulters. Sources said the department launched operation in the areas of Faisal Town and Model Town and sealed 45 properties for not paying property tax.
Published 29 Dec, 2017 12:00am
MMA fully activated, claims JI chief

MMA fully activated, claims JI chief

Chief of Jamaat-e-Islami, Senator Sirajul Haq has said that the religious parties' alliance, MMA, had been fully activated and it would also try to win over the other religious forces in the next elections. According to media cell of JI at Mansoora he was
Published 29 Dec, 2017 12:00am
Admission criteria: SC seeks complete record of medical colleges

Admission criteria: SC seeks complete record of medical colleges

The Supreme Court on Thursday holding a su muto proceedings about fee structure and admission criteria in private medical colleges sought complete record of three medical colleges including Sharif Medical and Dental College owned by Nawaz Sharif by Januar
Published 29 Dec, 2017 12:00am
Telecom imports bill surges by 14 percent

Telecom imports bill surges by 14 percent

Pakistan's telecom imports bill for July-November 2017 surged to $563.687 million, with a 14 percent increase, official figures say. The bill grew by $69.29 million during the same period in 2016, according to figures released by the Pakistan Bureau of St
Published 29 Dec, 2017 12:00am
MQM-P MPA Shiraz Waheed joins PSP

MQM-P MPA Shiraz Waheed joins PSP

Pak Sarzameen Party (PSP) chief Mustafa Kamal on Thursday said that the Sindh government is fomenting ethnic discord in the city. Muttahida Qaumi Movement-Pakistan (MQM-P) leader and Sindh Assembly member Shiraz Waheed has joined Pak Sarzameen Party (PSP)
Published 29 Dec, 2017 12:00am
Teacher held for selling spurious drugs

Teacher held for selling spurious drugs

The Federal Investigation Agency (FIA) Lahore on Thursday arrested a "teacher" for selling spurious drugs among students of various schools and colleges and other potential customers. FIA Corporate Crime Circle (CCC) Deputy Director Jamil Ahmed Mayo told
Published 29 Dec, 2017 12:00am
Admissions process accomplished in KU

Admissions process accomplished in KU

University of Karachi has completed test based admissions in all the departments for Bachelors and Masters Programme Admissions 2018. The qualifying criterion of the test in candidates' respective discipline was 50 percent while 40 percent only in the fac
Published 29 Dec, 2017 12:00am
Revenue department recovers Rs 3.567 billion from defaulters

Revenue department recovers Rs 3.567 billion from defaulters

District Revenue Department has recovered Rs 3.567 billion of government's dues in different heads by taking action against the defaulters during the last year while 1151 acres, 5 kanals and 13 marlas state land of worth 9.00 billion has been retrieved fr
Published 29 Dec, 2017 12:00am
ANF seizes 913.26 kgs of narcotics

ANF seizes 913.26 kgs of narcotics

The Anti Narcotics Force Pakistan seized 913.26 Kgs narcotics valuing Rs 1.6 Billion internationally and arrested 28 persons drug traffickers in 25 recent counter narcotics strikes across the country. According to ANF spokesman, the seized drugs included
Published 29 Dec, 2017 12:00am
MUET, SZAB university: 768 graduates, postgraduates awarded degrees

MUET, SZAB university: 768 graduates, postgraduates awarded degrees

Another batch of 768 male and female graduates and postgraduates of Mehran University of Engineering and Technology Jamshoro (MUET) and SZAB Engineering Campus Khairpur Mirs had passed out after receiving degrees at the Academic Convocation 2017 held on T
Published 29 Dec, 2017 12:00am
Attempts to grab PTCL's land foiled

Attempts to grab PTCL's land foiled

A dispute has arisen regarding plots of land located at Malir Halt in Karachi, just off Shahrah-e-Faisal concerning their rightful ownership. It is a fact that the land is owned and managed by PTCL. It has been revealed from records that the land under di
Published 29 Dec, 2017 12:00am
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