AIRLINK 173.68 Decreased By ▼ -2.21 (-1.26%)
BOP 10.82 Decreased By ▼ -0.16 (-1.46%)
CNERGY 8.26 Increased By ▲ 0.26 (3.25%)
FCCL 46.41 Increased By ▲ 0.29 (0.63%)
FFL 16.14 Increased By ▲ 0.07 (0.44%)
FLYNG 27.80 Increased By ▲ 0.38 (1.39%)
HUBC 146.32 Increased By ▲ 2.36 (1.64%)
HUMNL 13.40 Increased By ▲ 0.05 (0.37%)
KEL 4.39 Decreased By ▼ -0.11 (-2.44%)
KOSM 5.93 Decreased By ▼ -0.05 (-0.84%)
MLCF 59.66 Increased By ▲ 0.16 (0.27%)
OGDC 232.73 Decreased By ▼ -0.02 (-0.01%)
PACE 5.80 Decreased By ▼ -0.08 (-1.36%)
PAEL 47.98 Increased By ▲ 0.50 (1.05%)
PIAHCLA 17.75 Decreased By ▼ -0.22 (-1.22%)
PIBTL 10.40 Decreased By ▼ -0.18 (-1.7%)
POWER 11.32 Decreased By ▼ -0.06 (-0.53%)
PPL 191.48 Decreased By ▼ -1.82 (-0.94%)
PRL 36.83 Decreased By ▼ -0.17 (-0.46%)
PTC 23.20 Decreased By ▼ -0.57 (-2.4%)
SEARL 98.76 Decreased By ▼ -1.11 (-1.11%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 36.62 Decreased By ▼ -0.57 (-1.53%)
SYM 14.70 Decreased By ▼ -0.25 (-1.67%)
TELE 7.73 Decreased By ▼ -0.02 (-0.26%)
TPLP 10.75 Decreased By ▼ -0.12 (-1.1%)
TRG 66.01 Increased By ▲ 0.87 (1.34%)
WAVESAPP 10.82 Decreased By ▼ -0.09 (-0.82%)
WTL 1.32 Decreased By ▼ -0.02 (-1.49%)
YOUW 3.79 Decreased By ▼ -0.02 (-0.52%)
Apr 02, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-01-01
Qatar Open kicks off 2018 season without big stars

Qatar Open kicks off 2018 season without big stars

One of the season's traditional curtain-raisers, the Qatar Open, begins Monday but with the late withdrawal of Novak Djokovic the tournament is shorn of its usual A-list headline acts. Djokovic, the champion in Doha for the past two years, pulled out on S
Published 01 Jan, 2018 12:00am
German lawmaker blasts EU for opposing Niki sale to Lufthansa

German lawmaker blasts EU for opposing Niki sale to Lufthansa

The German government will probably lose a 150 million-euro government-backed loan to insolvent Air Berlin because the European Union opposed Lufthansa's purchase of Air Berlin's Austrian unit, Niki, a senior member of Chancellor Angela Merkel's conservat
Published 01 Jan, 2018 12:00am
Singapore's economy up 3.5 percent in 2017

Singapore's economy up 3.5 percent in 2017

Singapore's economy grew 3.5 percent in 2017 on the back of improved productivity as well as a pick-up in the global economy, Prime Minister Lee Hsien Loong said on Sunday. Singapore's trade-reliant economy has enjoyed a boost this year from an improvemen
Published 01 Jan, 2018 12:00am
Singapore bar offers bitcoin New Year party package
Exchange

Singapore bar offers bitcoin New Year party package

A Singapore bar that bills itself as the world's highest cryptocurrency club is offering a New Year's Eve package that includes a limousine pick-up and butler service - but it'll cost you a whole bitcoin. Skyline, on the 45th floor of a skyscraper overloo
Published 01 Jan, 2018 12:00am
Chinese ban on ivory sales goes into effect

Chinese ban on ivory sales goes into effect

China's complete ban on ivory trade went into effect Sunday, officials said, a major step forward in Beijing's efforts to rein in what was once the world's largest market for illegal ivory. "From today... the buying and selling of elephant ivory and goods
Published 01 Jan, 2018 12:00am
Tunisia raises fuel prices in push to reduce deficit

Tunisia raises fuel prices in push to reduce deficit

Tunisia announced on Sunday the second increase in fuel prices in six months, raising the price of petrol by 2.85 percent as the government tries to rein in the budget deficit. The price of a litre of gasoline will rise from 1.75 dinars to 1.8 dinars from
Published 01 Jan, 2018 12:00am
China's factory growth eases in December

China's factory growth eases in December

Growth in China's manufacturing sector slowed slightly in December as a punishing crackdown on air pollution and a cooling property market start to weigh on the world's second-largest economy. The data support the view that the economy is beginning to gra
Published 01 Jan, 2018 12:00am
Trade minister vows easier market access for foreign investors

Trade minister vows easier market access for foreign investors

China will make it easier for foreign investors to access the country, protect their rights and ensure a fair and transparent investment environment, Trade Minister Zhong Shan said in comments published on Sunday. Writing in the latest issue of Communist
Published 01 Jan, 2018 12:00am
Israel economy slows to three percent growth in 2017 on weaker spending

Israel economy slows to three percent growth in 2017 on weaker spending

Israel's economic growth slowed in 2017 to 3 percent due to weaker consumer spending and investment, provisional data showed on Sunday, although a slight pickup is expected in 2018. The provisional estimate from the Central Bureau of Statistics was based
Published 01 Jan, 2018 12:00am
Mitsubishi says on track to deliver long-delayed jets by 2020

Mitsubishi says on track to deliver long-delayed jets by 2020

Japan's Mitsubishi Heavy Industries Ltd is on track to deliver its repeatedly delayed commercial jet by mid-2020, the head of its aircraft unit said, despite a risk of an order cancellation. The Mitsubishi Regional Jet (MRJ) aircraft has been delayed five
Published 01 Jan, 2018 12:00am
UBS eyes rollout of online wealth management service

UBS eyes rollout of online wealth management service

UBS, the world's biggest private bank, is considering rolling out its online investment platform worldwide after a successful trial in Britain, a senior manager of its wealth management business said. SmartWealth, which launched in Britain this year, prov
Published 01 Jan, 2018 12:00am
China to suspend some car production over fuel consumption standards

China to suspend some car production over fuel consumption standards

China will suspend the production of 553 passenger vehicle models that have failed to meet the government's fuel consumption standards, state news agency Xinhua said on Sunday. The suspension will take effect from January 1, Xinhua said, citing the China
Published 01 Jan, 2018 12:00am
Albania's GDP expands 3.55 percent

Albania's GDP expands 3.55 percent

Albania's gross domestic product expanded 3.55 percent in the third quarter over the same period in 2016, thanks to rising trade, transport and tourism, the Statistics Institute said on Friday. GDP growth for the first nine months of 2017 stands at 3.87 p
Published 01 Jan, 2018 12:00am
Philippines plans to raise $1 billion via global bonds in 2018

Philippines plans to raise $1 billion via global bonds in 2018

The Philippines plans to issue $1 billion in sovereign bonds to help finance next year's record budget, National Treasurer Rosalia de Leon said. Borrowing from both domestic and foreign sources was expected to reach a total 888 billion pesos ($17.45 billi
Published 01 Jan, 2018 12:00am
Philippines plans to raise $1 billion via global bonds in 2018

Philippines plans to raise $1 billion via global bonds in 2018

The Philippines plans to issue $1 billion in sovereign bonds to help finance next year's record budget, National Treasurer Rosalia de Leon said. Borrowing from both domestic and foreign sources was expected to reach a total 888 billion pesos ($17.45 billi
Published 01 Jan, 2018 12:00am
Egypt will choose 4-5 banks to arrange next Eurobonds issuance

Egypt will choose 4-5 banks to arrange next Eurobonds issuance

Egypt will choose four to five international banks to arrange its next dollar-denominated Eurobond issuance, Finance Minister Amr El-Garhy told Reuters on Tuesday. "Egypt will conduct a short roadshow to promote the Eurobonds issuance in January," he said
Published 01 Jan, 2018 12:00am
Egypt will choose 4-5 banks to arrange next Eurobonds issuance

Egypt will choose 4-5 banks to arrange next Eurobonds issuance

Egypt will choose four to five international banks to arrange its next dollar-denominated Eurobond issuance, Finance Minister Amr El-Garhy told Reuters on Tuesday. "Egypt will conduct a short roadshow to promote the Eurobonds issuance in January," he said
Published 01 Jan, 2018 12:00am
Emerging stocks, currencies enjoy best year since 2009
Currency

Emerging stocks, currencies enjoy best year since 2009

Robust economic growth, a soft dollar and subdued borrowing costs helped emerging stocks race towards the 2017 finishing line on Friday as the year's best performing asset class, while many currencies also looked back on solid gains. MSCI's emerging equit
Published 01 Jan, 2018 12:00am
Emerging stocks, currencies enjoy best year since 2009
Currency

Emerging stocks, currencies enjoy best year since 2009

Robust economic growth, a soft dollar and subdued borrowing costs helped emerging stocks race towards the 2017 finishing line on Friday as the year's best performing asset class, while many currencies also looked back on solid gains. MSCI's emerging equit
Published 01 Jan, 2018 12:00am
South Africa's rand, stocks end 2017 on high note
Currency

South Africa's rand, stocks end 2017 on high note

South Africa's rand was firmer on Friday, the last trading day of the year, as continued volatility in low liquidity conditions saw the currency touch and then retreat from levels near its 2-1/2 year best. At 1100 GMT the rand was 0.8 percent firmer at 12
Published 01 Jan, 2018 12:00am
India likens crypto cash to Ponzi schemes
Currency

India likens crypto cash to Ponzi schemes

India warned Friday against investing in cryptocurrencies including bitcoin, likening them to "Ponzi schemes", as it became the latest country to urge caution. Despite a boom in trade that has seen prices soar, cryptocurrencies "don't have intrinsic value
Published 01 Jan, 2018 12:00am
China's money rates jump to highest since 2013 cash crunch

China's money rates jump to highest since 2013 cash crunch

China's primary money rates surged to their highest level in 4-1/2 years on the last trading day of the year, as liquidity remained tight with the central bank refraining from injecting any fresh funds into market for the sixth straight day. Friday marks
Published 01 Jan, 2018 12:00am
Ghana Stock Exchange says three firms on delisting watch list
Exchange

Ghana Stock Exchange says three firms on delisting watch list

The Ghana Stock Exchange (GSE) has put on its watch list three distressed companies including Cocoa Processing Company (CPC) for possible delisting if their financials do not improve by the end of May, the exchange said on Wednesday. State-run CPC, known
Published 01 Jan, 2018 12:00am
Gulf underperforms in 2017, has reason to expect better 2018

Gulf underperforms in 2017, has reason to expect better 2018

Middle Eastern stock markets far underperformed the rest of the world in 2017 but as the year ended, beaten-down valuations for shares and plans for higher government spending gave investors reason to expect a better 2018. Egypt's stock index surged 21.7
Published 01 Jan, 2018 12:00am
Hyundai Heavy Group to list Oilbank, issue $1.2 billion rights shares

Hyundai Heavy Group to list Oilbank, issue $1.2 billion rights shares

South Korea's Hyundai Heavy Industries Group plans to list its refining arm Hyundai Oilbank in an IPO in 2018 and raise about $1.2 billion via a share issue by shipbuilder Hyundai Heavy Industries, in a move to bolster its finances. Hyundai Heavy Industri
Published 01 Jan, 2018 12:00am
Hyundai Heavy Group to list Oilbank, issue $1.2 billion rights shares

Hyundai Heavy Group to list Oilbank, issue $1.2 billion rights shares

South Korea's Hyundai Heavy Industries Group plans to list its refining arm Hyundai Oilbank in an IPO in 2018 and raise about $1.2 billion via a share issue by shipbuilder Hyundai Heavy Industries, in a move to bolster its finances. Hyundai Heavy Industri
Published 01 Jan, 2018 12:00am
Demand soars for Russian bond issue seen aiding repatriation

Demand soars for Russian bond issue seen aiding repatriation

Demand has soared for a planned Eurobond that sources said is meant to help Russians bring money back home in a way that would protect them from being damaged by potential new sanctions. Initial bids for the Russian sovereign Eurobonds, due to be issued n
Published 01 Jan, 2018 12:00am
Demand soars for Russian bond issue seen aiding repatriation

Demand soars for Russian bond issue seen aiding repatriation

Demand has soared for a planned Eurobond that sources said is meant to help Russians bring money back home in a way that would protect them from being damaged by potential new sanctions. Initial bids for the Russian sovereign Eurobonds, due to be issued n
Published 01 Jan, 2018 12:00am
SoftBank succeeds in tender offer for Uber shares

SoftBank succeeds in tender offer for Uber shares

A consortium led by SoftBank Group Corp will buy a large number of shares of Uber Technologies Inc in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, in a victory for new Chief Executive Dara Khosrowshahi. The price is a r
Published 01 Jan, 2018 12:00am
SoftBank succeeds in tender offer for Uber shares

SoftBank succeeds in tender offer for Uber shares

A consortium led by SoftBank Group Corp will buy a large number of shares of Uber Technologies Inc in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, in a victory for new Chief Executive Dara Khosrowshahi. The price is a r
Published 01 Jan, 2018 12:00am
Boeing seen eyeing broad Embraer deal, but no firm proposal made

Boeing seen eyeing broad Embraer deal, but no firm proposal made

Boeing Co is eyeing a broad partnership with Embraer reaching beyond commercial aircraft to defence and global services, but its shape hinges on talks with the Brazilian government. The US aerospace group has yet to make a formal offer and its final struc
Published 01 Jan, 2018 12:00am
Glencore sells parts of oil storage to China's HNA, awaits US clearance

Glencore sells parts of oil storage to China's HNA, awaits US clearance

Swiss-based trading and mining giant Glencore Plc has partly completed the sale of a 51 percent stake in its storage and logistics businesses to a unit of China's HNA Group, although transfer of some assets is pending US clearance. Glencore in March agree
Published 01 Jan, 2018 12:00am
Barclays expects $1.3 billion writedown from US tax reform

Barclays expects $1.3 billion writedown from US tax reform

Barclays expects to take a writedown of about 1 billion pounds ($1.34 billion) on its annual post-tax profit as a result of the US tax overhaul, the bank said in a statement on Wednesday. The reform to the tax system signed into law by President Donald Tr
Published 01 Jan, 2018 12:00am
Reliance sells power unit to Adani to reduce debt
Exchange

Reliance sells power unit to Adani to reduce debt

India's Reliance Infrastructure, backed by tycoon Anil Ambani, announced on Thursday the sale of its power distribution business to billionaire Gautam Adani for nearly $3 billion, its latest effort to pare its debts. Reliance Infrastructure, part of the R
Published 01 Jan, 2018 12:00am
Facebook pulling 'disputed' flags from fake news
Kerb

Facebook pulling 'disputed' flags from fake news

Facebook said on December 21 it will stop flagging fake news as "disputed," opting instead to offer up contradictory stories containing facts that have been checked. The change comes as the leading online social network strives to stymie use of its platfo
Published 01 Jan, 2018 12:00am
Apple admits to slowing iPhones as batteries age

Apple admits to slowing iPhones as batteries age

Apple on December 21 confirmed what some conspiracy theorists suspected, that it intentionally slows performance of older iPhones as batteries weaken from age. The admission played into concerns that Apple was stealthily nudging iPhone users to upgrade to
Published 01 Jan, 2018 12:00am
College students come up with plug-in to combat fake news

College students come up with plug-in to combat fake news

A team of college students is getting attention from internet companies and Congress after developing a browser extension that alerts users to fake and biased news stories and helps guide them to more balanced coverage. The plug-in, "Open Mind," was devel
Published 01 Jan, 2018 12:00am
China regulator flags greater scrutiny on chips after price surge

China regulator flags greater scrutiny on chips after price surge

China's economic regulator is paying close attention to a recent surge in the price of mobile phone storage chips and could look into possible price fixing by the firms that make them, a senior official told the state-run China Daily newspaper. The newspa
Published 01 Jan, 2018 12:00am
Smart homes: not just for tech geeks anymore

Smart homes: not just for tech geeks anymore

Internet-connected lights, locks and laundry machines are close to becoming everyday household items, thanks in part to voice-activated speakers such as Amazon's Echo and Google Home. Market research groups are seeing increased sales of lights that turn o
Published 01 Jan, 2018 12:00am
How to keep your smartened-up home safe from hackers?

How to keep your smartened-up home safe from hackers?

More people are getting voice-activated speakers and other smart devices for convenience and security. But doing so could also be giving hackers a key to their homes. Many devices from reputable manufacturers have safeguards built in, but those can't guar
Published 01 Jan, 2018 12:00am
Christmas storm breaks records in US lakeside city

Christmas storm breaks records in US lakeside city

Dreams of a white Christmas have turned into a nightmare in the north-eastern US city of Erie after a storm dumped a record-breaking five feet (1.5 meters) of snow in a 48-hour period, forcing officials to declare an emergency. Residents took to social me
Published 01 Jan, 2018 12:00am
'Artificial pancreas' works during intense exercise

'Artificial pancreas' works during intense exercise

An "artificial pancreas" that monitors blood sugar and automatically delivers insulin may make it safer for teens with type 1 diabetes to participate in sports, a US study suggests. Researchers focused on a group of 32 teens with type 1 diabetes who parti
Published 01 Jan, 2018 12:00am
Vitamin D, calcium supplements may not lower fracture risk

Vitamin D, calcium supplements may not lower fracture risk

Older adults who take vitamin D and calcium are no less likely to break their hips or other bones than peers who don't use these supplements, a research review suggests. Researchers examined data from 33 previous trials with a total of more than 51,000 pe
Published 01 Jan, 2018 12:00am
Even brief exposure to low-level air pollution tied to deaths

Even brief exposure to low-level air pollution tied to deaths

Older adults are more likely to die on days when air pollution rises, even when contaminant levels are below the limit considered safe by US regulators, a new study suggests. Researchers looked at 22 million deaths nationwide to see if there was any conne
Published 01 Jan, 2018 12:00am
MRI scan safe for most people with older pacemakers

MRI scan safe for most people with older pacemakers

There's good news for people with pacemakers and the doctors who treat them. A new study reinforces earlier work suggesting that MRI scans are safe for patients with older devices, even if the MRI is focusing on the chest area. Until now, the sensitive el
Published 01 Jan, 2018 12:00am
Lead exposure during childhood tied to developmental issues

Lead exposure during childhood tied to developmental issues

Lead exposure during childhood has been tied to a variety of developmental problems, but a new study suggests it may not be associated with higher odds of criminal behaviour later in life. The study set out to address a flaw in much of the previous resear
Published 01 Jan, 2018 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 26 to 29, 2017).

Published 01 Jan, 2018 12:00am
The Weather

The Weather

The weather report on Sunday (December 31, 2017) and the forecast for Monday (January 01, 2018).

Published 01 Jan, 2018 12:00am
Rouhani rejects violence but vows 'space for criticism'
Currency

Rouhani rejects violence but vows 'space for criticism'

Iran's President Hassan Rouhani said Sunday that government bodies must provide "space for criticism" as he sought to head off days of unrest, but also warned protesters that violence was unacceptable. Hundreds of protesters marched through Tehran and oth
Published 01 Jan, 2018 12:00am
Rouhani rejects violence but vows 'space for criticism'
Currency

Rouhani rejects violence but vows 'space for criticism'

Iran's President Hassan Rouhani said Sunday that government bodies must provide "space for criticism" as he sought to head off days of unrest, but also warned protesters that violence was unacceptable. Hundreds of protesters marched through Tehran and oth
Published 01 Jan, 2018 12:00am
'News pertaining to Sharif-Janjua huddle is fake'

'News pertaining to Sharif-Janjua huddle is fake'

There had been no meeting between former Prime Minister Nawaz Sharif and National Security advisor Lt General Nasir Janjua (Rtd) three days back at former's residence in Jati Umra, Lahore, as reported in the national media.
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
'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
'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
Previous Day