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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-01-24
South Korea's Chinese tourist slump endures despite pledges

South Korea's Chinese tourist slump endures despite pledges

Chinese tourist numbers to South Korea continued to decline in December, figures showed Monday, even though Beijing and Seoul pledged to improve relations strained by a US missile defence system. Seoul and Washington installed the powerful THAAD (Terminal
Published 24 Jan, 2018 12:00am
Bahrain puts fresh austerity on hold as it mulls subsidy system

Bahrain puts fresh austerity on hold as it mulls subsidy system

The government of Bahrain will not go ahead with fresh austerity measures to cut its budget deficit until parliament agrees on a new system to compensate citizens for a higher cost of living, officials said on Tuesday. The decision illustrates the politic
Published 24 Jan, 2018 12:00am
Philippines' rapid growth keeps rate hike expectations alive
Currency

Philippines' rapid growth keeps rate hike expectations alive

The Philippines held its spot as one of the fastest-expanding economies in Asia, posting 6.7 percent growth in 2017 and sustaining expectations the central bank could tighten monetary policy this year. Strong domestic demand and higher government spending
Published 24 Jan, 2018 12:00am
Brazil inflation rises to targeted range in mid-January

Brazil inflation rises to targeted range in mid-January

Brazil's inflation rate accelerated in mid-January back to within the official targeted range for the first time in six months, supporting expectations of a final interest rate cut next month. Consumer prices tracked by the benchmark IPCA index rose 3.02
Published 24 Jan, 2018 12:00am
Kenya central bank sees faster growth in 2018 despite rate cap 'brake'

Kenya central bank sees faster growth in 2018 despite rate cap 'brake'

Kenya's central bank governor said on Tuesday the country's interest rate cap was holding back the economy, but the bank still forecast that growth would speed up to 6.2 per cent in 2018 from around 5 percent last year. With a supportive fiscal policy, Go
Published 24 Jan, 2018 12:00am
Lebanese government departments must cut 2018 budgets by 20 percent: PM

Lebanese government departments must cut 2018 budgets by 20 percent: PM

All Lebanese government institutions must cut their 2018 budgets by 20 percent as part of the country's efforts to revamp its struggling economy, Prime Minister Saad al-Hariri said on Tuesday. Costs must be reduced "in accordance with the policy of spendi
Published 24 Jan, 2018 12:00am
Yen turns lower in Asian trade
Currency

Yen turns lower in Asian trade

The yen slipped on Tuesday after comments from the Bank of Japan chief quelled speculation the central bank follow other central banks in scaling back monetary stimulus, while the dollar recovered losses after the US government's shutdown ended. The yen w
Published 24 Jan, 2018 12:00am
Dollar regains footing in Europe

Dollar regains footing in Europe

The dollar edged higher as some investors decided that its recent three-year low may mark a turning point amid growing concern over the US stance on global trade. Investors also pointed to widening interest rate differentials between US and European and B
Published 24 Jan, 2018 12:00am
Early trade in New York: dollar slips against basket of currencies

Early trade in New York: dollar slips against basket of currencies

The dollar slipped to a fresh three-year low against a basket of currencies on Tuesday after data showed euro zone consumer confidence jumped much more than expected in January, underlining the strong momentum in the euro zone economy. The dollar index, w
Published 24 Jan, 2018 12:00am
Euro rises against dollar in New York
Exchange

Euro rises against dollar in New York

The euro rose against the US dollar on Monday, just shy of the three-year high touched last week, as market participants awaited the outcome of the European Central Bank's meeting on Thursday for possible clues to future shifts in the bank's monetary poli
Published 24 Jan, 2018 12:00am
Sri Lankan rupee hits record low
Currency

Sri Lankan rupee hits record low

The Sri Lankan rupee hit a record low on Tuesday as banks and importers bought dollars, before recovering to close slightly weaker on selling of the US currency by exporters. The spot rupee, which traded at a record low of 154.20/25 per dollar during the
Published 24 Jan, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 82.90-82.90 (Previous 82.90-82.90).
Published 24 Jan, 2018 12:00am
Most Asian currencies climb

Most Asian currencies climb

Most emerging Asian currencies rose on Tuesday as the dollar remained near a three-year low, after trimming some of its losses on a deal that was struck by the US senators to end the government shutdown. The US House of Representatives passed a short-term
Published 24 Jan, 2018 12:00am
Sterling climbs above $1.40
Currency

Sterling climbs above $1.40

Sterling powered past $1.40 to reach its highest level since the vote to leave the European Union in June 2016 on Tuesday, extending a rally on the back of growing optimism around Britain's chances of securing a favourable Brexit deal. Sterling has climbe
Published 24 Jan, 2018 12:00am
Aussie, kiwi stumble
Currency

Aussie, kiwi stumble

The Australian and New Zealand dollars took a small step back on Tuesday after news of US tariffs sparked fears of a global trade war, offseting upgrades to the world growth outlook and a deal to re-open the US government. Risk sentiment took a knock when
Published 24 Jan, 2018 12:00am
India's NSE index closes above 11,000 mark

India's NSE index closes above 11,000 mark

India's NSE index ended above the 11,000 mark and the BSE index closed above the 36,000 level for the first time on Tuesday after the International Monetary Fund said India would regain the title as the world's fastest growing major economy in 2018-19.
Published 24 Jan, 2018 12:00am
Tokyo's Nikkei at 26-year-high

Tokyo's Nikkei at 26-year-high

Tokyo's benchmark Nikkei index closed at a 26-year high on Tuesday after Wall Street powered to another set of records following a deal to end the US government shutdown. The Nikkei 225 index gained 1.29 percent or 307.82 points to end at 24,124.15, the h
Published 24 Jan, 2018 12:00am
US stocks hit record as senators reach deal to end shutdown
Exchange

US stocks hit record as senators reach deal to end shutdown

US stocks advanced on Monday as each of Wall Street's main scored records in the wake of a deal by US senators to end the federal government shutdown. Legislation to renew federal funding to the government cleared a procedural hurdle in the Senate and was
Published 24 Jan, 2018 12:00am
Hong Kong stocks hit a fresh record

Hong Kong stocks hit a fresh record

Hong Kong stocks hit another fresh record on Tuesday, aided by continuous inflows of mainland money, and strength in IT and financial stocks. At close of trade, the Hang Seng index was up 537.29 points or 1.66 percent at 32,930.70. The Hang Seng China Ent
Published 24 Jan, 2018 12:00am
Treasury yields rise

Treasury yields rise

Treasury yields rose on Monday after US lawmakers reached a deal to reopen the federal government, three days into the shutdown. Yields recovered earlier intraday losses, rising to just below the multi-year highs set in early trading on Monday. The mornin
Published 24 Jan, 2018 12:00am
Treasury yields rise

Treasury yields rise

Treasury yields rose on Monday after US lawmakers reached a deal to reopen the federal government, three days into the shutdown. Yields recovered earlier intraday losses, rising to just below the multi-year highs set in early trading on Monday. The mornin
Published 24 Jan, 2018 12:00am
Most big Gulf markets up, ex- dividend Emaar pulls down Dubai

Most big Gulf markets up, ex- dividend Emaar pulls down Dubai

Most Gulf stock markets were firm on Tuesday, with conglomerate Aamal Holding surging in Qatar, but blue chip Emaar Properties dragged down Dubai's index as the stock went ex-dividend. Qatar's index rose 0.5 percent in active trade as Aamal gained 4.8 per
Published 24 Jan, 2018 12:00am
Australian shares up

Australian shares up

Australian shares ended higher on Tuesday, snapping a five-session losing streak as they rode Wall Street's cheer after US senators struck a deal to end a three-day government shutdown. Wall Street's main indexes climbed to record highs after US lawmakers
Published 24 Jan, 2018 12:00am
China stocks at fresh two-year peak
Exchange

China stocks at fresh two-year peak

China stocks extended a rally on Tuesday to fresh two-year peaks, underpinned by continued gains in banking and real estate firms. At the close, the Shanghai Composite index was up 45.62 points or 1.3 percent at 3,546.98. The blue-chip CSI300 index was up
Published 24 Jan, 2018 12:00am
European stocks rally on US shutdown deal, DAX hits record

European stocks rally on US shutdown deal, DAX hits record

European shares rose to new highs on Tuesday after US senators struck a deal to end a three-day government shutdown, while earnings updates were also in focus. Eurozone stocks reached their highest in a decade, with Germany's DAX jumping to a fresh record
Published 24 Jan, 2018 12:00am
Southeast Asian stocks higher
Exchange

Southeast Asian stocks higher

Southeast Asian stock markets ended higher on Tuesday, tracking broader Asian shares and Wall Street overnight, as investors cheered a deal to end a US government shutdown. Congress voted on Monday to approve the latest short-term funding bill, and US sto
Published 24 Jan, 2018 12:00am
High-flying easyJet leads FTSE up; Sky in focus

High-flying easyJet leads FTSE up; Sky in focus

A rally of more than 5 percent in airline easyJet following a trading update drove Britain's top share index higher on Tuesday, while Sky was in focus after the competition watchdog suggested ways that could make a Fox takeover acceptable. The FTSE gained
Published 24 Jan, 2018 12:00am
21st Century Fox/Sky takeover thrown into doubt

21st Century Fox/Sky takeover thrown into doubt

Britain's competition regulator provisionally ruled Tuesday that a planned takeover of pan-European satellite TV giant Sky by Rupert Murdoch's 21st Century Fox entertainment group was "not in the public interest". The government had referred the matter to
Published 24 Jan, 2018 12:00am
Malaysia will 'never' again peg ringgit against dollar: Najib
Currency

Malaysia will 'never' again peg ringgit against dollar: Najib

Prime Minister Najib Razak, asking investors to take advantage of Malaysia's economic recovery, on Tuesday said the government will never again peg the ringgit currency against the US dollar. At a gathering of business leaders and entrepreneurs, Najib als
Published 24 Jan, 2018 12:00am
J.P Morgan Chase to boost hiring, salaries in US

J.P Morgan Chase to boost hiring, salaries in US

J.P Morgan Chase said Tuesday the recent US tax reform and lower regulatory costs allowed it to announce $20 billion in domestic investments over five years, add 4,000 jobs and raise wages. The biggest US bank by assets, J.P Morgan will increase hourly wa
Published 24 Jan, 2018 12:00am
J.P Morgan Chase to boost hiring, salaries in US

J.P Morgan Chase to boost hiring, salaries in US

J.P Morgan Chase said Tuesday the recent US tax reform and lower regulatory costs allowed it to announce $20 billion in domestic investments over five years, add 4,000 jobs and raise wages. The biggest US bank by assets, J.P Morgan will increase hourly wa
Published 24 Jan, 2018 12:00am
11 Asia-Pacific nations agree to move towards trade deal without US

11 Asia-Pacific nations agree to move towards trade deal without US

Eleven Asia-Pacific nations on Tuesday agreed to move toward signing a massive trade deal, Japanese officials said, after they revived it following the pullout of the United States. "A statement of agreement by the TPP 11 has finally been sealed and the 1
Published 24 Jan, 2018 12:00am
Niki Lauda selected to buy assets of Niki airline

Niki Lauda selected to buy assets of Niki airline

Austrian former racing driver Niki Lauda has been selected to buy the assets of Niki, the airline he founded in 2003, the administrators of the former Air Berlin subsidiary said Tuesday. Lauda's bid was preferred over Anglo-Spanish group IAG/Vueling. It w
Published 24 Jan, 2018 12:00am
Niki Lauda selected to buy assets of Niki airline

Niki Lauda selected to buy assets of Niki airline

Austrian former racing driver Niki Lauda has been selected to buy the assets of Niki, the airline he founded in 2003, the administrators of the former Air Berlin subsidiary said Tuesday. Lauda's bid was preferred over Anglo-Spanish group IAG/Vueling. It w
Published 24 Jan, 2018 12:00am
J&J takes $13.6 billion charge related to new US tax law

J&J takes $13.6 billion charge related to new US tax law

Healthcare conglomerate Johnson & Johnson on Tuesday took a $13.6-billion charge related to the new US tax law and plans to bring back billions of dollars from overseas immediately. The company reported a quarterly loss due to the charge, but beat analyst
Published 24 Jan, 2018 12:00am
Palestinians get 3G internet after decade-long row

Palestinians get 3G internet after decade-long row

Palestinians in the occupied West Bank began receiving 3G mobile telecommunications services on Tuesday, after years of wrangling with the Israeli authorities. The Jawwal and Wataniya firms began offering the service to their customers Tuesday morning, wi
Published 24 Jan, 2018 12:00am
EU takes Panama, seven others off tax haven list

EU takes Panama, seven others off tax haven list

The EU removed eight countries including Panama from its new tax haven blacklist on Tuesday after they pledged to address its concerns, in a move swiftly condemned by activists. The United Arab Emirates, Tunisia, Mongolia, Macau, Grenada and Barbados were
Published 24 Jan, 2018 12:00am
Trump slaps steep US tariffs on imported washers, solar panels

Trump slaps steep US tariffs on imported washers, solar panels

US President Donald Trump slapped steep tariffs on imported washing machines and solar panels on Monday, giving a boost to Whirlpool Corp and dealing a setback to the renewable energy industry in the first of several potential trade restrictions. The deci
Published 24 Jan, 2018 12:00am
Qualifying rounds of FATA Junior Squash begins

Qualifying rounds of FATA Junior Squash begins

The qualifying rounds of the first FATA National Junior Squash Championship got under way here at PAF Hashim Khan Squash Complex on Tuesday. A total of 170 players turned up from across Pakistan by taking part in four different categories comprising Under
Published 24 Jan, 2018 12:00am
Jinnah College, UoP in Inter-College Girls Cricket final

Jinnah College, UoP in Inter-College Girls Cricket final

Jinnah College for Women and Post Graduate Department, University of Peshawar took berth into the final after securing victories against their respective rivals in the ongoing Inter-College Girls Cricket Championship being played here at Jinnah College fo
Published 24 Jan, 2018 12:00am
Manchester United retain top spot in Deloitte 'Money League'

Manchester United retain top spot in Deloitte 'Money League'

Manchester United narrowly pipped Real Madrid to remain the top revenue-generating club in the world as Premier League sides underlined their growing financial clout, Deloitte's "Money League" report said Tuesday. It is the 10th time United have topped De
Published 24 Jan, 2018 12:00am
Russia confirms star speed skater An banned

Russia confirms star speed skater An banned

Short track speed skating star Victor An has been excluded from the Pyeongchang Winter Olympics in the aftermath of a state-sponsored doping scandal, angry Russian officials confirmed on Tuesday. Six-time Olympic gold medallist An - who was born in South
Published 24 Jan, 2018 12:00am
World XI tour: CoAS meets visiting hockey players

World XI tour: CoAS meets visiting hockey players

International hockey players, who have come for the World XI series, and Pakistan's hockey legends met Chief of Army Staff General Qamar Javed Bajwa on Tuesday. CoAS appreciated Pakistan Hockey Federation's initiative for bringing the international player
Published 24 Jan, 2018 12:00am
Root to miss T20 tri-series, Stokes delays return

Root to miss T20 tri-series, Stokes delays return

Joe Root on Tuesday pulled out of England's Twenty20 tri-series against Australia and New Zealand, as Ben Stokes confirmed his return to international cricket would be delayed by a court appearance. Test captain Root, who has played in all five Ashes matc
Published 24 Jan, 2018 12:00am
Bangladesh post win over Zimbabwe

Bangladesh post win over Zimbabwe

Star allrounder Shakib Al Hasan smashed a half-century and claimed three wickets as Bangladesh thrashed Zimbabwe by 91 runs in a tri-nation one-day international tournament in Dhaka on Tuesday. Chasing 217 for victory, Zimbabwe were bundled out for 125 of
Published 24 Jan, 2018 12:00am
Wozniacki stutters into Open semi-finals

Wozniacki stutters into Open semi-finals

Second seed Caroline Wozniacki withstood a fightback from Spain's unseeded Carla Suarez Navarro to stutter into the semi-finals of the Australian Open 6-0, 6-7 (3/7), 6-2 early Wednesday morning. "I knew it was going to be tough against her because in the
Published 24 Jan, 2018 12:00am
Nadal retires on day of Aussie Open upsets

Nadal retires on day of Aussie Open upsets

Rafael Nadal's drive towards a 17th Grand Slam title came to a shuddering injury-induced halt Tuesday on a day of Australian Open upsets that saw unseeded Kyle Edmund and Elise Mertens make the semi-finals. The world number one retired against Marin Cilic
Published 24 Jan, 2018 12:00am
Pence visits Western Wall

Pence visits Western Wall

US Vice President Mike Pence visited Jerusalem's Western Wall on Tuesday while Palestinians held a general strike after denouncing his fervently pro-Israel speech the previous day as "messianic". The devout Christian's speech to the Israeli parliament on
Published 24 Jan, 2018 12:00am
UAE air force told 'not to escalate' Qatar air dispute

UAE air force told 'not to escalate' Qatar air dispute

The air force of the United Arab Emirates has been ordered "not to escalate" a civil aviation dispute with regional rival Qatar, a military official said Tuesday. "From the beginning of the Qatari provocations, we were given instructions from our superior
Published 24 Jan, 2018 12:00am
Pentagon funded Afghan units accused of rights abuses

Pentagon funded Afghan units accused of rights abuses

The US military funded Afghan police and security units even though American officials knew members were implicated in gross human rights violations, according to a watchdog report released Tuesday. The previously secret report, first provided to Congress
Published 24 Jan, 2018 12:00am
Volcano eruption, avalanche at Japan ski resort kills one

Volcano eruption, avalanche at Japan ski resort kills one

A Japanese soldier was killed on Tuesday after a volcano erupted near a popular Japanese ski resort, sparking an avalanche that left several injured and scores stranded up a mountain, officials said. Footage broadcast on Japanese television showed thick b
Published 24 Jan, 2018 12:00am
Four killed in German helicopter, plane collision

Four killed in German helicopter, plane collision

Four people were killed on Tuesday when a small plane and a helicopter collided in southwestern Germany, police said. The two aircraft crashed in the skies above the town of Philippsburg, close to the French border, a German police spokesman said, adding
Published 24 Jan, 2018 12:00am
North Korea intent on building reliable nuclear arsenal: CIA

North Korea intent on building reliable nuclear arsenal: CIA

CIA Director Mike Pompeo said Tuesday that North Korea is intent on developing a reliable arsenal of nuclear weapons to threaten America, not just "a showpiece" to preserve Kim Jong-Un's regime. "Kim Jong-Un will not rest with a single successful test," P
Published 24 Jan, 2018 12:00am
Powerful quake hits off Alaska, but tsunami threat lifted

Powerful quake hits off Alaska, but tsunami threat lifted

A powerful 7.9-magnitude earthquake struck off the coast of Alaska early Tuesday, sparking tsunami warnings along the Pacific coasts of the US and Canada that were later called off. The quake struck at 12:31 am (0931 GMT) in the Gulf of Alaska, 280 kilome
Published 24 Jan, 2018 12:00am
Strong quake sparks panic in Indonesia

Strong quake sparks panic in Indonesia

A strong earthquake rattled Indonesia Tuesday, sparking panic, damaging scores of homes and leaving at least half a dozen students seriously injured. Office workers in the capital Jakarta rushed outside as highrises began swaying, while some riders were t
Published 24 Jan, 2018 12:00am
Turkey in deadly Kurdish militia clashes
Exchange

Turkey in deadly Kurdish militia clashes

The Turkish army on Tuesday clashed with Kurdish militia in Syria in an operation that has already left three of its soldiers dead, as the United States voiced alarm that the offensive could endanger attempts to end the Syrian civil war. Speaking at the f
Published 24 Jan, 2018 12:00am
South African jazz legend dies

South African jazz legend dies

South African jazz legend Hugh Masekela died on Tuesday aged 78, his family announced, triggering an outpouring of tributes to his music, his long career and his anti-apartheid activism. "After a protracted and courageous battle with prostate cancer, he p
Published 24 Jan, 2018 12:00am
One dead in Kentucky school shooting

One dead in Kentucky school shooting

A gunman killed one person and wounded several others Tuesday at a high school in Kentucky before being taken into custody, officials said. The shooting occurred at the Marshall County High School in Benton, Kentucky, a small town about 120 miles (193 kil
Published 24 Jan, 2018 12:00am
World powers step up pressure on Syria, Russia over chemical attacks

World powers step up pressure on Syria, Russia over chemical attacks

Two dozen countries agreed Tuesday to push for sanctions against perpetrators of chemical attacks in Syria, with US Secretary of State Rex Tillerson saying Russia "ultimately bears responsibility" for such strikes. Twenty-four nations approved a new "part
Published 24 Jan, 2018 12:00am
Shanghai copper up
Exchange

Shanghai copper up

Shanghai copper prices gained ground on Tuesday amid a persistent weak dollar, even as official data showed China churned out a record volume of refined copper in December, suggesting the world's biggest copper consumer is well supplied. The most-traded M
Published 24 Jan, 2018 12:00am
Oil jumps on IMF growth outlook as Brent tops $70 again

Oil jumps on IMF growth outlook as Brent tops $70 again

Oil rose more than 1 percent on Tuesday, with benchmark Brent crude hitting $70 a barrel for the first time in a week, boosted by healthy world economic growth prospects and expectations for continued production curbs by Opec, Russia and their allies. US
Published 24 Jan, 2018 12:00am
Palm oil rebounds
Exchange

Palm oil rebounds

Malaysian palm oil futures rose more than 1 percent in afternoon trade on Tuesday, rebounding from a sharp decline earlier in the session, lifted by bullish sentiment on falling production. The benchmark palm oil contract for April delivery on the Bursa M
Published 24 Jan, 2018 12:00am
White sugar tumbles to lowest level since 2015

White sugar tumbles to lowest level since 2015

White sugar futures on ICE fell to the lowest level in more than two years on Tuesday as a global supply glut pressured prices. Cocoa turned lower while coffee also fell, with arabica weakening on the prospect of a huge Brazilian crop this year.
Published 24 Jan, 2018 12:00am
Gold up in Asia

Gold up in Asia

Gold prices edged up on Tuesday as the dollar hovered around three-year lows, with a surge in global equities capping further gains after a US government shutdown came to a halt. Gold was mostly unaffected by the shutdown in the previous session, trading
Published 24 Jan, 2018 12:00am
Gold surges in Europe

Gold surges in Europe

Gold prices rose on Tuesday as the dollar fell to near three-year lows, but an end to the uncertainty created by a three-day US government shutdown capped gains. Gold was mostly unaffected by the shutdown in the previous session, trading in a tight range.
Published 24 Jan, 2018 12:00am
US MIDDAY: wheat falls
Exchange

US MIDDAY: wheat falls

US grain futures were lower on Tuesday, with wheat down 1 percent and corn heading for its second session of declines on chart-based selling and abundant global stockpiles, traders said. Soybeans were about unchanged at the Chicago Board of Trade, hoverin
Published 24 Jan, 2018 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold prices rose on Tuesday as the US dollar fell to fresh three-year lows, but an end to uncertainty created by a three-day US government shutdown capped gains. Spot gold was up 0.3 percent at $1,337.36 an ounce at 1:38 p.m. EST (1838 GMT) after touching
Published 24 Jan, 2018 12:00am
TCS inaugurates ZTE Warehouse near Islamabad

TCS inaugurates ZTE Warehouse near Islamabad

A TCS warehouse for ZTE Corporation has been inaugurated in Tarnol near Islamabad. A ZTE delegation from China participated in the inauguration ceremony hosted by TCS. ZTE aims to place TCS at the forefront concerning all its logistic needs in Pakistan an
Published 24 Jan, 2018 12:00am
PFA satisfied with quality of food at PIMH

PFA satisfied with quality of food at PIMH

Director General Punjab Food Authority Noorul Amin Mengal on Tuesday paid a surprise visit to Punjab Institute of Mental Health (PIMH) to review the hospital canteen arrangements and shown satisfaction on food quality. He went to different sections of can
Published 24 Jan, 2018 12:00am
Petition against construction of Bab-i-Pakistan dismissed

Petition against construction of Bab-i-Pakistan dismissed

The Lahore High Court on Tuesday dismissed a petition challenging construction of Bab-i-Pakistan with new design. The petitioner architect Amjad Mukhtar said that Bab-i-Pakistan's construction was being made under the new design. The project was of over R
Published 24 Jan, 2018 12:00am
PM hopes GE will help resolve gas turbines' 'vibration' issue

PM hopes GE will help resolve gas turbines' 'vibration' issue

Prime Minister Shahid Khaqan Abbasi said on Monday that some of General Electric's flagship new gas turbines in Pakistan were still suffering from technical issues such as "vibration" but he was confident the American company will fix the problems.
Published 24 Jan, 2018 12:00am
Agriauto Industries Limited (AGIL)
Mutual Funds

Agriauto Industries Limited (AGIL)

Agriauto Industries Limited (PSX: AGIL) is a public limited company incorporated in 1981 and is today, one of the leading manufacturers of components for automotive vehicles, motorcycles and agricultural tractors. The company supplies its range of product
Published 24 Jan, 2018 12:00am
Agriauto Industries Limited (AGIL)
Mutual Funds

Agriauto Industries Limited (AGIL)

Agriauto Industries Limited (PSX: AGIL) is a public limited company incorporated in 1981 and is today, one of the leading manufacturers of components for automotive vehicles, motorcycles and agricultural tractors. The company supplies its range of product
Published 24 Jan, 2018 12:00am
Hassle-free visa policy for foreign investors urged
Cotton

Hassle-free visa policy for foreign investors urged

Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), Ijaz A Khokhar urged the government to take initiatives for the version of visa policy to facilitate the foreign buyers and investors for making the country tr
Published 24 Jan, 2018 12:00am
PCMA urges government to withdraw RD from essential chemicals

PCMA urges government to withdraw RD from essential chemicals

Pakistan Chemical Manufacturers Association (PCMA) has expressed dissatisfaction over indifferent approach of the Federal Bureau of Revenue (FBR) towards PCMA's proposal regarding withdrawal of regulatory duties on essential chemicals to be used for value
Published 24 Jan, 2018 12:00am
Issues hindering country's exports to be addressed: Shahbaz

Issues hindering country's exports to be addressed: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif on Tuesday assured the representative delegation of business community that the federal government will be approached for the solution of problems confronted to the industrialists while the issues hindering th
Published 24 Jan, 2018 12:00am
HRCP voices concern over teacher's killing

HRCP voices concern over teacher's killing

The Human Rights Commission of Pakistan (HRCP) on Tuesday expressed grief and anger over unchecked shooting of a college principal by a student under the suspicion of blasphemy in Shabqadar District of Charsadda. The shocking incident occurred after the s
Published 24 Jan, 2018 12:00am
Joint opposition under Qadri not an alliance: Kaira

Joint opposition under Qadri not an alliance: Kaira

Pakistan People's Party (PPP) Punjab President Qamar Zaman Kaira said on Tuesday that the joint opposition under Dr Tahirul Qadri was not a political alliance. "The PPP joined it to support the cause of Dr Qadri, seeking justice for the martyrs of Model T
Published 24 Jan, 2018 12:00am
PU clash Three FIRs registered under ATA

PU clash Three FIRs registered under ATA

After inclusion of Section 7 of the Anti-Terrorism Act, police on Tuesday registered three separate first information reports (FIRs) against over 100 suspected students for being involved in clashes between two student groups in Punjab University (PU) on
Published 24 Jan, 2018 12:00am
TDAP assures support to sports goods industry

TDAP assures support to sports goods industry

The government is endeavoring to support the business community to help enhance the level of exports and catering business opportunities both within the country and abroad. Mian Riaz Ahmad, Director General, Trade Development Authority of Pakistan (TDAP)
Published 24 Jan, 2018 12:00am
PTCL injects Rs 1 billion in U Bank

PTCL injects Rs 1 billion in U Bank

Pakistan Telecommunication Company Limited (PTCL) has injected an additional equity of Rs 1 billion in U Microfinance Bank Ltd (U Bank), which is a wholly-owned subsidiary of PTCL. This capital injection will enable the Bank to further capitalize on the g
Published 24 Jan, 2018 12:00am
LHC reserves verdict

LHC reserves verdict

The Lahore High Court on Tuesday reserved its verdict on maintainability of a petition seeking disqualification of Chief Minister Punjab Muhammad Shehbaz Sharif. A citizen submitted in his petition that Shehbaz Sharif besides being Punjab Chief Minister w
Published 24 Jan, 2018 12:00am
Job Fair held at UVAS

Job Fair held at UVAS

The Office of University Advancement and Financial Aid (OUAFA) of the University of Veterinary and Animal Sciences (UVAS) Lahore in collaboration with Sabroso Chicken Specialist organized a one-day job fair here in the City Campus Lahore on Tuesday. Presi
Published 24 Jan, 2018 12:00am
FPCCI for abolishing FBR officials' discretionary powers
Cotton

FPCCI for abolishing FBR officials' discretionary powers

The Punjab Business Symposium Tuesday demanded of the government to abolish the discretionary powers given to the FBR officials and stressed the need for improving the ease of doing business ranking. Federation of Pakistan Chamber of Commerce and Industry
Published 24 Jan, 2018 12:00am
HACPL achieves record breaking sales in 2017

HACPL achieves record breaking sales in 2017

Honda Atlas Cars Pakistan Limited (HACPL), an automobile subsidiary of Honda, announced its annual sales for the year 2017. The company has achieved all-time record sales, since its establishment in 1994, of 47,424 units, with an increase of 49 percent fr
Published 24 Jan, 2018 12:00am
PHD Pakistan wins award

PHD Pakistan wins award

PHD Pakistan, part of Omnicom Media Group, won silver for the second year in a row for "Pakistan Media Agency of the Year" at the Campaign Asia Agency of the Year Awards on 5th December, 2017. This accolade is the result of PHD's ethos - "finding a better
Published 24 Jan, 2018 12:00am
Peek Freans sponsors 'Gluco Allahyar and the Legend of Markhor'

Peek Freans sponsors 'Gluco Allahyar and the Legend of Markhor'

Peek Freans Gluco, a favourite amongst millions of children and mothers alike, is proud to be the official sponsor of the much-anticipated animated movie, "Gluco Allahyaar and the Legend of Markhor." Set to be released on 2nd of February 2018 nationwide,
Published 24 Jan, 2018 12:00am
Pakistan keen to enhance ties with Spain: Mamnoon
Exchange

Pakistan keen to enhance ties with Spain: Mamnoon

President Mamnoon Hussain Tuesday said Spain was an important European country with which Pakistan was keen to enhance its relations in different fields and stressed for further increase in bilateral trade and cultural links between the two countries.
Published 24 Jan, 2018 12:00am
Balochistan CM vows to provide business-friendly environment

Balochistan CM vows to provide business-friendly environment

Chief Minister Balochistan Mir Abdul Quddus Bizenjo said Tuesday that there will be trader-friendly environment and security to foreign companies investing in Gwadar, so that the maximum investors arrive in Balochistan. China Pakistan Economic Corridor wi
Published 24 Jan, 2018 12:00am
Talha elected IJT's KU president

Talha elected IJT's KU president

Islami Jamiat Talaba (IJT), the country's largest students' organization, has initiated annual elections in all institutions across country to select its leadership/Nazim (President). In this regard, an election for the president slot was held in Karachi
Published 24 Jan, 2018 12:00am
Sohail Masood made new MD Bahria Foundation

Sohail Masood made new MD Bahria Foundation

Vice Admiral Shah Sohail Masood (retd) has been appointed new Managing Director of Bahria Foundation, during a ceremony held at Bahria Foundation Head Office, Karachi. The newly appointed MD Bahria Foundation, Vice Admiral Shah Sohail Masood (retd) got co
Published 24 Jan, 2018 12:00am
KBA demands probe into police encounters since 1991

KBA demands probe into police encounters since 1991

Karachi Bar Association (KBA) has strongly condemned 'extra judicial murder' of 27-year old Naqeebullah Mehsood by suspended SSP Malir by Rao Anwar led team and demanded formation of the judicial commission led by Supreme Court judge to probe into police
Published 24 Jan, 2018 12:00am
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