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Nov 07, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-01-01
Gavrilova beats Bouchard as hosts off to fast Hopman Cup start

Gavrilova beats Bouchard as hosts off to fast Hopman Cup start

Hosts Australia made a strong start to the mixed teams Hopman Cup in Perth on Sunday, beating Canada 2-1. World number 25 Daria Gavrilova gave the home team the initial ascendancy with a straight-sets win over a disappointing Eugenie Bouchard.
Published 01 Jan, 2018 12:00am
FIFA claims attempt to contact doping whistleblower Rodchenkov

FIFA claims attempt to contact doping whistleblower Rodchenkov

FIFA tried to contact Russian whistleblower Grigory Rodchenkov over accusations of doping in Russian football and will do so again after samples have been re-tested by the World Anti-Doping Agency (WADA), world football's governing body told AFP. In an in
Published 01 Jan, 2018 12:00am
Punjab University win Inter-University Archery Women Championship

Punjab University win Inter-University Archery Women Championship

Punjab University clinched the trophy after securing first position in the All Pakistan Inter-University Archery Women Championship which concluded under the aegis of Directorate of Sports Abdul Wali Khan University Mardan on Sunday. Vice Chancellor Dr Kh
Published 01 Jan, 2018 12:00am
Phil Simmons elected Afghanistan coach

Phil Simmons elected Afghanistan coach

Former West Indies all-rounder Phil Simmons has been appointed coach of Afghanistan as the country prepares for its first Test match, it was announced Sunday. The war-torn nation was awarded Test status in June, along with Ireland. The appointment was ann
Published 01 Jan, 2018 12:00am
Atletico Madrid finally unveil Diego Costa, Vitolo

Atletico Madrid finally unveil Diego Costa, Vitolo

Atletico Madrid unveiled new signings Diego Costa and Vitolo on Sunday as the Spanish club's transfer ban finally comes to an end. Atletico had been unable to register new signings in last summer's transfer window after being handed a ban by FIFA for irre
Published 01 Jan, 2018 12:00am
Batting star friends Kohli, De Villiers face off

Batting star friends Kohli, De Villiers face off

Virat Kohli' rivalry with fellow batting star AB de Villiers is likely to provide a compelling side-show in the three-Test series between South Africa and India starting at Newlands on Friday. "It's not like only two guys are playing in this series," said
Published 01 Jan, 2018 12:00am
Enzo Zidane joining Lausanne

Enzo Zidane joining Lausanne

Zinedine Zidane's son Enzo has agreed terms to join Swiss outfit Lausanne from Alaves, the Spanish club reported on Sunday. The 22-year-old midfielder had played just twice in La Liga for Alaves since joining in July after three years of success with Real
Published 01 Jan, 2018 12:00am
NS Football Club win College Football Tournament

NS Football Club win College Football Tournament

NS Football Club defeated Khyber Union Eleven in penalty kicks to win final match of Annual College Football Tournament played at Degree College Ground, Landi Kotal. Candidate for the up-coming election from NA-45, Shermath Khan Afridi was the chief guest
Published 01 Jan, 2018 12:00am
Man City winning run ends in draw at Crystal Palace

Man City winning run ends in draw at Crystal Palace

Ederson's last-gasp penalty heroics saved Manchester City from defeat but a 0-0 stalemate at Crystal Palace on Sunday brought the Premier League leaders' record-breaking 18-match winning run to an end. Luka Milivojevic was presented with the chance to sea
Published 01 Jan, 2018 12:00am
South Korea seizes second ship suspected of providing oil to North Korea

South Korea seizes second ship suspected of providing oil to North Korea

South Korean authorities have seized a Panama-flagged vessel suspected of transferring oil products to North Korea in violation of international sanctions, a customs official said on Sunday. The seizure was the second to be revealed by South Korea within
Published 01 Jan, 2018 12:00am
May says 2018 Brexit progress will renew British pride

May says 2018 Brexit progress will renew British pride

Prime Minister Theresa May said 2018 would be a year of "renewed confidence and pride" for Britain as it confronts the challenges of negotiating Brexit, in her New Year message out Sunday. Divorce talks between London and Brussels are set to move on to tr
Published 01 Jan, 2018 12:00am
Snow strands thousands, kills skier in French Alps

Snow strands thousands, kills skier in French Alps

Heavy snow stranded 4,000 travellers heading for resorts in the French Alps and killed one skier in an avalanche, authorities said on Sunday. The Savoie department prefecture said 3,500 motorists spent the night in emergency shelters after the snow made t
Published 01 Jan, 2018 12:00am
Putin wishes Russians 'changes for the better' in 2018

Putin wishes Russians 'changes for the better' in 2018

Russia's President Vladimir Putin wished his compatriots "changes for the better" in 2018 in his traditional televised New Year's address Sunday. "Let the New Year bring changes for the better in the life of every person and every family," Putin told Russ
Published 01 Jan, 2018 12:00am
China's Xi vows to support UN, boost living standards

China's Xi vows to support UN, boost living standards

China will play its part in defending the international order and combating climate change while working to raise living standards for its own people, President Xi Jinping pledged Sunday in a New Year speech. Xi said the nation was committed to economic r
Published 01 Jan, 2018 12:00am
Pioneer architect John Portman dies

Pioneer architect John Portman dies

John Portman, who pioneered modern hotel design and whose reach spanned from his native United States to Asia, has died aged 93, his firm said on Saturday. "A pioneering architect, entrepreneur, artist and philanthropist, Mr Portman changed the skylines o
Published 01 Jan, 2018 12:00am
36 dead in central Kenya bus crash

36 dead in central Kenya bus crash

Thirty-six people were killed and 11 injured early Sunday morning in a head-on collision between a bus and a lorry on a road in central Kenya, police said. "The death toll is now 36," said Rift Valley traffic police chief Zero Arome, explaining the initia
Published 01 Jan, 2018 12:00am
Merkel declares Europe top priority for new government
Currency

Merkel declares Europe top priority for new government

Chancellor Angela Merkel will tell Germans that European co-operation is "the decisive question of the coming years" in a New Year's Eve broadcast Sunday, as her conservatives eye tricky coalition talks. Merkel will say that "27 states in Europe must be p
Published 01 Jan, 2018 12:00am
Female suicide bomber kills one, wounds 28 in Cameroon

Female suicide bomber kills one, wounds 28 in Cameroon

A female suicide bomber blew herself up in a cafe in Cameroon's far north region Sunday, killing at least one person and wounding 28 others, witnesses told AFP. Witnesses said the woman entered the cafe at around 7:00 am (0600 GMT) before detonating her e
Published 01 Jan, 2018 12:00am
Turkey steps up IS arrests under shadow of New Year attack

Turkey steps up IS arrests under shadow of New Year attack

Turkey on Sunday arrested more suspected Islamic State (IS) group jihadists in a major crackdown on the extremist group ahead of a New Year overshadowed by the first anniversary of the night-club terror attack that left 39 dead. Just minutes into 2017, Is
Published 01 Jan, 2018 12:00am
Stage set for fruitful Pak-Iran ties in 2018

Stage set for fruitful Pak-Iran ties in 2018

The outgoing year has seen major developments in Iran-Pakistan ties and it is expected that the year would provide a platform for fruitful relations between the two neighbouring states in the coming year as well. Iran and Pakistan have been enjoying stron
Published 01 Jan, 2018 12:00am
Zardari visits Data Darbar, Bibi Pak Daman

Zardari visits Data Darbar, Bibi Pak Daman

Former President and co-chairman of Pakistan Peoples Party on the closing day of year 2017 paid a visit to the Mazar of Hazrat Data Gunj Bakhsh Ali Hajveri (RA) here on Sunday where he laid a floral wreath at the mausoleum and offered Fateha. He prayed fo
Published 01 Jan, 2018 12:00am
Siraj urges masses to reject corrupt people in upcoming polls

Siraj urges masses to reject corrupt people in upcoming polls

Chief of Jamaat-e-Islami, Pakistan Siraj-ul-Haq, has urged the masses to oust the secular and corrupt people from the echelons of power in the next elections as it was time to bring these elements to accountability. According to media cell of Jamaat-e-Isl
Published 01 Jan, 2018 12:00am
ADB considers $200 million loan for Pakistan's ICT projects

ADB considers $200 million loan for Pakistan's ICT projects

Asian Development Bank (ADB) is negotiating and considering for providing loan of $200 million for "Integrated Information and Communications Technology Development Project" in Pakistan. Update reports revealed that this proposed project outputs will be:
Published 01 Jan, 2018 12:00am
PES rescues 867,621 victims in 2017: DG

PES rescues 867,621 victims in 2017: DG

Punjab Emergency Service (Rescue 1122) rescued over 867,621 victims of different emergencies during year 2017. This was revealed in the data in which operational performance of Rescue 1122 for the year 2017 was reviewed. The emergency data revealed that t
Published 01 Jan, 2018 12:00am
Shahbaz greets nation on New Year

Shahbaz greets nation on New Year

Punjab Chief Minister Shahbaz Sharif wished a happy news year to the nation on the eve of New Year assuring that Pakistan in 2018 will be more peaceful, bright and strong as compared to that of past and Insha Allah this new year will dawn as a hope for br
Published 01 Jan, 2018 12:00am
Punjab agriculture department to help farmers adopt DIS

Punjab agriculture department to help farmers adopt DIS

Adopting drip irrigation system (DIS), farmers can save 60 percent electricity and diesel costs augmenting per acre yield by 100 percent. Punjab agriculture will help farmers to follow this system by providing drip irrigation equipment at subsidized rates
Published 01 Jan, 2018 12:00am
SCCI urges government to set up export monitoring body

SCCI urges government to set up export monitoring body

President Sialkot Chamber of Commerce and Industry (SCCI) Zahid Latif Malik has urged the government to take bold step for setting up a high powered "Export Monitoring Committee" to keep an account of policies formulation and their implementation. The pro
Published 01 Jan, 2018 12:00am
JI accuses PML-N of harming civil-military relations

JI accuses PML-N of harming civil-military relations

Jamaat-e-Islami's secretary general Liaquat Baloch has said that Sharif brothers (Nawaz and Shahbaz Sharif) were responsible for the conspiracy on the issue of Khatam-e-Nabuwat and the Model Town killings. "Attack on the Khatam-e-Nabuwat was made under th
Published 01 Jan, 2018 12:00am
Murad reviews pace of uplift schemes' work

Murad reviews pace of uplift schemes' work

Sindh Chief Minister Syed Murad Ali Shah has directed Inspector General of Police to make necessary arrangement for smooth flow of traffic because work on Rs 12 billion Karachi Package Phase-II has been started on war footings and it is bound to cause inc
Published 01 Jan, 2018 12:00am
Visa policy for Afghanistan: Polio-free certificate mandatory: Pakistan

Visa policy for Afghanistan: Polio-free certificate mandatory: Pakistan

Pakistan embassy in Afghan capital Kabul says that no visa will be issued to Afghan national who do not have polio-free certificates. "All the Visa applicants are hereby informed that it is hence forth mandatory for all the Afghan nationals seeking Pakist
Published 01 Jan, 2018 12:00am
JI to evolve Fata-KP merger strategy at Jirga on January 3

JI to evolve Fata-KP merger strategy at Jirga on January 3

Chief of Jamaat-e-Islami Khyber Pakhtunkhwa (KP) chapter, Mushtaq Ahmad Khan, has announced JI would organise grand jirga on the issue of Fata-KP merger on January 3 at the Peshawar Press Club where leaders of various political parties, members of civil s
Published 01 Jan, 2018 12:00am
NAB provides relief to 25500 power consumers of Hazara

NAB provides relief to 25500 power consumers of Hazara

National Accountability Bureau (NAB) Khyber Pakhtunkhwa has succeeded in providing relief to 25500 power consumers of the two circles of Peshawar Electric Supply Company (PESCO) to provide relief and facilitation to general public through accountability r
Published 01 Jan, 2018 12:00am
Alif Ailan's report terms Sindh's education scenario 'worst'

Alif Ailan's report terms Sindh's education scenario 'worst'

In terms of education, the situation in Sindh has reached at worst level. A recently published report of Alif Ailaan, ranked province seventh in regards the poor state of facilities and standards of learning in Sindh.
Published 01 Jan, 2018 12:00am
Billions of rupees being spent for GB's road network: CM

Billions of rupees being spent for GB's road network: CM

Billions of rupees were being spent on expanding road network for boosting business and tourism activity in Gilgit-Baltistan areas. This was stated by Chief Minister Gilgit-Baltistan Hafiz Hafeezur Rehman while talking to a news channel. The present gover
Published 01 Jan, 2018 12:00am
Traders blame India for Pak-Afghan tension

Traders blame India for Pak-Afghan tension

Islamabad Chamber of Small Traders on Sunday said India has increased conspiracies and opposition to Pakistan after the launch of CPEC. New Delhi thinks that the CPEC passing through Pakistan-occupied-Kashmir challenges Indian sovereignty which is not bas
Published 01 Jan, 2018 12:00am
Modern farming methods help save water: ICARDA

Modern farming methods help save water: ICARDA

The Country Manager of International Centre for Agricultural Research in the Dry Areas (ICARDA) for Pakistan Dr Abdul Majid said that by adopting modern and latest technologies of farming; water, effort, and money can be saved. This he said in the meeting
Published 01 Jan, 2018 12:00am
Gulalai denied seat on JUI sit-in stage

Gulalai denied seat on JUI sit-in stage

Estranged Pakistan Tehreek-e-Insaf (PTI) leader Ayesha Gulalai became upset after she was prohibited from sitting on the stage with other JUI-F leaders during a sit-in protest in the federal capital. According to details, Ayesha Gulalai was on her way to
Published 01 Jan, 2018 12:00am
HR officers appointed in 14 police stations of Islamabad

HR officers appointed in 14 police stations of Islamabad

Federal government has established modern reporting rooms staffed with specially selected and trained personnel in 14 police stations in Islamabad in order to provide improved one-window service to citizens.
Published 01 Jan, 2018 12:00am
Tanzeem-e-Asateza office-bearers

Tanzeem-e-Asateza office-bearers

Sharifullah Afridi was elected President and Arshad Ali Afridi as General Secretary (GS) of Tanzeem-e-Asateza Landi Kotal chapter here on Sunday. Earlier a meeting under the chair of the Tanzeem Khyber Agency President, Wajid Afridi was held that was atte
Published 01 Jan, 2018 12:00am
Militant attacks decline by 15 percent in 2017: report

Militant attacks decline by 15 percent in 2017: report

Unlike previous two years, the year 2017 could not saw a significant reduction in anti-State violence in Pakistan and instead, the year saw more suicide attacks than previous two years, an Islamabad-based research group said Sunday. An Independent think-t
Published 01 Jan, 2018 12:00am
Zia Sarhadi elected ACWA president

Zia Sarhadi elected ACWA president

Ziaul Haq Sarhadi and Abid Akhtar Hassan were elected as president and general secretary, respectively, of Abbasin Column Writers Association (ACWA) for the year 2018-19. The elections were held during the annual general body meeting of the association. T
Published 01 Jan, 2018 12:00am
Pesco's power shutdown notice for third January
Cotton

Pesco's power shutdown notice for third January

Power Supply from 132 KV Shahi Bagh Grid Station due to maintenance work on 3rd January from 9:00AM to 3:00PM, resultantly consumers of 11 KV Daudzai-1, 2, Industrial, KSM, Khazana, Haryana-1, Naguman, Old feeders will face inconvenience. Power supply wil
Published 01 Jan, 2018 12:00am
KP to become second largest province with Fata's merger: Afridi

KP to become second largest province with Fata's merger: Afridi

Member National Assembly (MNA) from Khyber Agency Shah Ji Gul Afridi has said that Khyber-Pakhtunkhwa would become second largest province after merger of Fata and would have relatively big share in the NFC Award. Addressing a press conference at his resi
Published 01 Jan, 2018 12:00am
Arms to be withdrawn from traffic cops

Arms to be withdrawn from traffic cops

Peshawar Traffic Police has decided to take back arms from the newly appointed personnel, while senior personnel will retain their arms. Traffic Police officials said this step has been taken after a labourer got injured in firing by a traffic constable a
Published 01 Jan, 2018 12:00am
Rs eight billion for KP's online pension system

Rs eight billion for KP's online pension system

Khyber Pakhtunkhwa, provincial government is spending over eight billion rupees to complete online pension system. A spokesman of provincial government told our Peshawar correspondent that so far, documents of one hundred and twenty-seven thousand pension
Published 01 Jan, 2018 12:00am
Good news for SNGPL's consumers

Good news for SNGPL's consumers

Sui Northern Gas Pipelines Limited has announced to provide uninterrupted gas supply to consumers round-the-year especially in winter. In a media interview Sunday, Managing Director Amjad Latif said that supply of gas has been increased due to import of R
Published 01 Jan, 2018 12:00am
Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items witness mixed trend

Prices of important kitchen items witnessed a mixed trend during this week past against the preceding week, a survey conducted by Business Recorder revealed here on Sunday. The survey observed that the prices of most of the vegetables as well as of
Published 01 Jan, 2018 12:00am
Fisheries big source of food and nutrition security: expert

Fisheries big source of food and nutrition security: expert

Punjab and Sindh provinces have big potential of carps, tilapia and catfish culture while Khyber Pakhtunkhwa has tremendous potential of high value trout fish. This was stated by Omar Hayat, an expert on fisheries sector while talking to this scribe here
Published 01 Jan, 2018 12:00am
BOP, Nestlé sign MoU

BOP, Nestlé sign MoU

The Bank of Punjab (BOP) and Nestlé Pakistan signed an MoU enabling the two partners to collaborate on improving the productivity of Pakistani dairy farmers by providing them with financial assistance.
Published 01 Jan, 2018 12:00am
Ayaz optimistic about sustained economic growth in 2018

Ayaz optimistic about sustained economic growth in 2018

In his felicitation message to the nation on the eve of New Year, the Speaker National Assembly Sardar Ayaz Sadiq expressed his hope that the dawn of 2018 will usher Pakistan into a new year of sustained economic growth coupled with uplift of the common m
Published 01 Jan, 2018 12:00am
Transparency: third party audit system introduced in Punjab

Transparency: third party audit system introduced in Punjab

Punjab Chief Minister Shahbaz Sharif said that mega development projects worth billions of rupees have been completed to provide relief to the people. He stated this while addressing a meeting through a video-link at Model Town in Lahore before his depart
Published 01 Jan, 2018 12:00am
Afzal claims achieving targets of four years
Exchange

Afzal claims achieving targets of four years

Minister of State for Finance Rana Muhammad Afzal has said that the government has successfully achieved its development targets during the last four years. "The country has been brought on the road to progress and prosperity through revolutionary policie
Published 01 Jan, 2018 12:00am
Sialvi says will not be part of any protest or sit-in

Sialvi says will not be part of any protest or sit-in

Spiritual leader Pir Hameeduddin Sialvi on Sunday reaffirmed that they will not step back from their demand for the resignation of Punjab Law Minister Rana Sanaullah, but vowed to not take part in any anti-government protests or sit-in. The Sargodha-based
Published 01 Jan, 2018 12:00am
Karachi comes alive amid New Year celebrations

Karachi comes alive amid New Year celebrations

As the New Year - 2018 has officially begun today; Karachi came alive with celebrations and fireworks, gatherings etc as thousands of jubilant folks, majority youth thronged to Seaview to rejoice the New Year night with fervour. Unlike its previous tradit
Published 01 Jan, 2018 12:00am
Imports from Torkham slumped by 80 percent, say Afghan traders

Imports from Torkham slumped by 80 percent, say Afghan traders

As its trade with Central Asian states has been on the rise, Afghanistan's imports from Pakistan have declined by 80 percent, say traders in northern Balkh province. Due to commerce and transit issues between Afghanistan and Pakistan, businessmen of the A
Published 01 Jan, 2018 12:00am
Pakistan moves ahead with Pak-Afghan border fence

Pakistan moves ahead with Pak-Afghan border fence

Pakistan says that almost 92 percent of its 2,611-kilometer largely porous frontier with Afghanistan will be fenced by end of 2018, hoping the massive unilateral undertaking will effectively address mutual complaints of militant incursions. The military-l
Published 01 Jan, 2018 12:00am
Pakistan's girl cadets dream of taking power

Pakistan's girl cadets dream of taking power

At a revolutionary school in Pakistan, Durkhanay Banuri dreams of becoming military chief, once a mission impossible for girls in a patriarchal country where the powerful army has a severe problem with gender equity. Thirteen-year-old Durkhanay, a student
Published 01 Jan, 2018 12:00am
State of economy

State of economy

Business Recorder op-ed writer Farhat Ali appears to be highly perceptive about how our policymakers deal with short and long-term economic challenges. Cashing in on the opportunity that Adviser to the Prime Minister on Finance, Revenue and Economi
Published 01 Jan, 2018 12:00am
2018: A big year for Latin America elections

2018: A big year for Latin America elections

Next year will be a big election year for Latin America, a region where democracy in many countries is only decades young, and where the shadow of corruption stretches wide and long. Half of the population across the region is being called to cast ballots
Published 01 Jan, 2018 12:00am
'Historic' turning point in Italy's migrant crisis

'Historic' turning point in Italy's migrant crisis

The year 2017 marked what Italian authorities hope was a turning point in the nation's struggle to manage a chaotic and deadly rush of migrants to its shores. Italian Foreign Minister Paolo Gentiloni this week called it a pivotal moment in Italy's "histor
Published 01 Jan, 2018 12:00am
'Xinjiang-Pakistan' Corridor?
Cotton

'Xinjiang-Pakistan' Corridor?

The release of the Long-Term Plan (LTP 2017-2030) for the China Pakistan Economic Corridor (CPEC), reportedly prepared by the China Development Bank, raises more questions than it answers. Nevertheless, it can serve as a starting point for dispassionate a
Published 01 Jan, 2018 12:00am
New spat
Exchange

New spat

Even the best intentions don't always seem to deliver the desired results where Pakistan-India relations are concerned. At present, these relations seem frozen, with the revival of the suspended composite dialogue nowhere in sight. In the midst of these t
Published 01 Jan, 2018 12:00am
Challenges for the new economic team
Exchange

Challenges for the new economic team

During his first interaction with the media-persons on 28th December, 2017, Minister of State for Finance, Rana Afzal Khan spelt out challenges that the incumbent government faces during its remaining tenure. Managing external side of the economy will be
Published 01 Jan, 2018 12:00am
Minister trying to rescue sacked PARC officer

Minister trying to rescue sacked PARC officer

Minister for National Food Security and Research Sikandar Hayat Bosan is reportedly trying to rescue one of the sacked officers of Pakistan Agriculture Research Council (PARC) allegedly involved in corruption, well informed sources told Business Record
Published 01 Jan, 2018 12:00am
Minister trying to rescue sacked PARC officer

Minister trying to rescue sacked PARC officer

Minister for National Food Security and Research Sikandar Hayat Bosan is reportedly trying to rescue one of the sacked officers of Pakistan Agriculture Research Council (PARC) allegedly involved in corruption, well informed sources told Business Record
Published 01 Jan, 2018 12:00am
Minister trying to rescue sacked PARC officer

Minister trying to rescue sacked PARC officer

Minister for National Food Security and Research Sikandar Hayat Bosan is reportedly trying to rescue one of the sacked officers of Pakistan Agriculture Research Council (PARC) allegedly involved in corruption, well informed sources told Business Record
Published 01 Jan, 2018 12:00am
LHC CJ blames backlog of cases on lawyers' strikes

LHC CJ blames backlog of cases on lawyers' strikes

Lahore High Court (LHC) Chief Justice Syed Mansoor Ali Shah on Sunday blamed increasing backlog of cases on lawyers' frequent strikes, saying more cases would have been pulled off, if strikes had not taken place. Addressing a ceremony here, the chief just
Published 01 Jan, 2018 12:00am
LHC CJ blames backlog of cases on lawyers' strikes

LHC CJ blames backlog of cases on lawyers' strikes

Lahore High Court (LHC) Chief Justice Syed Mansoor Ali Shah on Sunday blamed increasing backlog of cases on lawyers' frequent strikes, saying more cases would have been pulled off, if strikes had not taken place. Addressing a ceremony here, the chief just
Published 01 Jan, 2018 12:00am
Nawaz's PML-N Presidency: SC to hear petitions today

Nawaz's PML-N Presidency: SC to hear petitions today

The Supreme Court of Pakistan will hear petitions challenging Nawaz Sharif's appointment as Pakistan Muslim League-Nawaz (PML-N) president on Monday (today). A bench of the Supreme Court has been constituted to hear constitutional petitions against Nawaz
Published 01 Jan, 2018 12:00am
Issuing 10 billion riyal bonus share: Saudi's NCB plans to raise capital

Issuing 10 billion riyal bonus share: Saudi's NCB plans to raise capital

Saudi Arabia's National Commercial Bank (NCB), the kingdom's largest lender, said on Sunday its board had proposed increasing the bank's capital by 10 billion riyals ($2.7 billion) through issuing bonus shares to help support growth. In a statement to the
Published 01 Jan, 2018 12:00am
Issuing 10 billion riyal bonus share: Saudi's NCB plans to raise capital

Issuing 10 billion riyal bonus share: Saudi's NCB plans to raise capital

Saudi Arabia's National Commercial Bank (NCB), the kingdom's largest lender, said on Sunday its board had proposed increasing the bank's capital by 10 billion riyals ($2.7 billion) through issuing bonus shares to help support growth. In a statement to the
Published 01 Jan, 2018 12:00am
Four Indian soldiers killed in IHK
Exchange

Four Indian soldiers killed in IHK

Suspected militants stormed a paramilitary camp in Indian-held Kashmir early Sunday leaving eight dead, police and security forces said, capping off the deadliest year in a decade for the disputed territory. Armed militants lobbed grenades and fired autom
Published 01 Jan, 2018 12:00am
Four Indian soldiers killed in IHK
Exchange

Four Indian soldiers killed in IHK

Suspected militants stormed a paramilitary camp in Indian-held Kashmir early Sunday leaving eight dead, police and security forces said, capping off the deadliest year in a decade for the disputed territory. Armed militants lobbed grenades and fired autom
Published 01 Jan, 2018 12:00am
Pakistan, India NSAs met in Bangkok: Indian media

Pakistan, India NSAs met in Bangkok: Indian media

Pakistan's National Security Adviser (NSA) Lieutenant General Nasir Khan Janjua (Retd) and his Indian counterpart Ajit Doval met in Bangkok for talks last week, Indian media reported on Sunday. The meeting came on the heels of convicted Indian spy Kulbhus
Published 01 Jan, 2018 12:00am
Pakistan, India NSAs met in Bangkok: Indian media

Pakistan, India NSAs met in Bangkok: Indian media

Pakistan's National Security Adviser (NSA) Lieutenant General Nasir Khan Janjua (Retd) and his Indian counterpart Ajit Doval met in Bangkok for talks last week, Indian media reported on Sunday. The meeting came on the heels of convicted Indian spy Kulbhus
Published 01 Jan, 2018 12:00am
18 dead in attack on Afghan funeral

18 dead in attack on Afghan funeral

An explosion at a funeral in Afghanistan's restive east on Sunday killed at least 18 mourners and wounded another 13, officials said, capping a deadly year for ordinary Afghans. There was no immediate claim of responsibility for the blast which authoritie
Published 01 Jan, 2018 12:00am
18 dead in attack on Afghan funeral

18 dead in attack on Afghan funeral

An explosion at a funeral in Afghanistan's restive east on Sunday killed at least 18 mourners and wounded another 13, officials said, capping a deadly year for ordinary Afghans. There was no immediate claim of responsibility for the blast which authoritie
Published 01 Jan, 2018 12:00am
1H tax collection shows 17.5 percent increase

1H tax collection shows 17.5 percent increase

Federal Board of Revenue has provisionally collected net revenue of over and above Rs 1722 billion during first half (July-December) 2017-18 against Rs 1466 billion in the same period of last fiscal, recording an increase of around 17.5 percent. According
Published 01 Jan, 2018 12:00am
1H tax collection shows 17.5 percent increase

1H tax collection shows 17.5 percent increase

Federal Board of Revenue has provisionally collected net revenue of over and above Rs 1722 billion during first half (July-December) 2017-18 against Rs 1466 billion in the same period of last fiscal, recording an increase of around 17.5 percent. According
Published 01 Jan, 2018 12:00am
1H tax collection shows 17.5 percent increase

1H tax collection shows 17.5 percent increase

Federal Board of Revenue has provisionally collected net revenue of over and above Rs 1722 billion during first half (July-December) 2017-18 against Rs 1466 billion in the same period of last fiscal, recording an increase of around 17.5 percent. According
Published 01 Jan, 2018 12:00am
Future spread down by 372 basis points

Future spread down by 372 basis points

The future spread declined by 372bps to negative 0.28 percent on the last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily volumes increased by 268.2 percent to 131.71 million shares. Average dail
Published 01 Jan, 2018 12:00am
Future spread down by 372 basis points

Future spread down by 372 basis points

The future spread declined by 372bps to negative 0.28 percent on the last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily volumes increased by 268.2 percent to 131.71 million shares. Average dail
Published 01 Jan, 2018 12:00am
Equities end on positive note
Mutual Funds

Equities end on positive note

Pakistan Stock Exchange witnessed positive trend during the outgoing week ended December 30, 2017 on the back of healthy buying in various sectors. BRIndex100 gained 103.gained 103.34 points on week-on-week basis to close at 4,294.90 points. Average daily
Published 01 Jan, 2018 12:00am
Equities end on positive note
Mutual Funds

Equities end on positive note

Pakistan Stock Exchange witnessed positive trend during the outgoing week ended December 30, 2017 on the back of healthy buying in various sectors. BRIndex100 gained 103.gained 103.34 points on week-on-week basis to close at 4,294.90 points. Average daily
Published 01 Jan, 2018 12:00am
Equities end on positive note
Mutual Funds

Equities end on positive note

Pakistan Stock Exchange witnessed positive trend during the outgoing week ended December 30, 2017 on the back of healthy buying in various sectors. BRIndex100 gained 103.gained 103.34 points on week-on-week basis to close at 4,294.90 points. Average daily
Published 01 Jan, 2018 12:00am
Make reforms while sun shines on world economy: Lagarde
Currency

Make reforms while sun shines on world economy: Lagarde

International Monetary Fund chief Christine Lagarde has urged France and other countries to push through reforms "while the sun is shining" on the global economy. In an interview with France''s Le Journal du Dimanche published Sunday Lagarde said the stre
Published 01 Jan, 2018 12:00am
Make reforms while sun shines on world economy: Lagarde
Currency

Make reforms while sun shines on world economy: Lagarde

International Monetary Fund chief Christine Lagarde has urged France and other countries to push through reforms "while the sun is shining" on the global economy. In an interview with France's Le Journal du Dimanche published Sunday Lagarde said the stren
Published 01 Jan, 2018 12:00am
Make reforms while sun shines on world economy: Lagarde
Currency

Make reforms while sun shines on world economy: Lagarde

International Monetary Fund chief Christine Lagarde has urged France and other countries to push through reforms "while the sun is shining" on the global economy. In an interview with France's Le Journal du Dimanche published Sunday Lagarde said the stren
Published 01 Jan, 2018 12:00am
Petroleum products'' prices raised
Currency

Petroleum products'' prices raised

The government has increased petroleum products'' prices from Rs 3.96 per liter to Rs 6.74 per liter and stated that no tax amnesty scheme is under consideration. While announcing the increase in petroleum prices, advisor to Prime Minister on Finance Mift
Published 01 Jan, 2018 12:00am
Petroleum products' prices raised
Currency

Petroleum products' prices raised

The government has increased petroleum products' prices from Rs 3.96 per liter to Rs 6.74 per liter and stated that no tax amnesty scheme is under consideration. While announcing the increase in petroleum prices, advisor to Prime Minister on Finance Mifta
Published 01 Jan, 2018 12:00am
Petroleum products' prices raised
Currency

Petroleum products' prices raised

The government has increased petroleum products' prices from Rs 3.96 per liter to Rs 6.74 per liter and stated that no tax amnesty scheme is under consideration. While announcing the increase in petroleum prices, advisor to Prime Minister on Finance Mifta
Published 01 Jan, 2018 12:00am
THE RUPEE: positive end
Currency

THE RUPEE: positive end

The rupee posted modest gains against the dollar during the week, ended on December 30, 2017. The rupee picked up 20 paisas in relation to the dollar for buying and selling at Rs 110.50 and Rs 110.80. The rupee lost 90 paisas in terms of the euro for buyi
Published 01 Jan, 2018 12:00am
THE RUPEE: positive end
Currency

THE RUPEE: positive end

The rupee posted modest gains against the dollar during the week, ended on December 30, 2017. The rupee picked up 20 paisas in relation to the dollar for buying and selling at Rs 110.50 and Rs 110.80. The rupee lost 90 paisas in terms of the euro for buyi
Published 01 Jan, 2018 12:00am
Sydney extravaganza kicks off global New Year parties

Sydney extravaganza kicks off global New Year parties

Hong Kong saw in 2018 in spectacular style as the southern Chinese city staged a stunning fireworks display over its famous Victoria Harbour. Thousands thronged the harbourside to see the show illuminate the famous skyline as revellers danced to Auld Lang
Published 01 Jan, 2018 12:00am
Sydney extravaganza kicks off global New Year parties

Sydney extravaganza kicks off global New Year parties

Hong Kong saw in 2018 in spectacular style as the southern Chinese city staged a stunning fireworks display over its famous Victoria Harbour. Thousands thronged the harbourside to see the show illuminate the famous skyline as revellers danced to Auld Lang
Published 01 Jan, 2018 12:00am
Nawaz not negotiating any deal in KSA: spokesperson

Nawaz not negotiating any deal in KSA: spokesperson

A spokesperson for former Prime Minister Nawaz Sharif has contradicted a news report that Sharif is negotiating any deal with Saudi Arabia to avoid accountability. Terming the story 'unfounded', the spokesperson said that Nawaz Sharif is visiting the King
Published 01 Jan, 2018 12:00am
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