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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-02-07
Nikkei index down

Nikkei index down

Tokyo's benchmark index lost nearly five percent Tuesday as investors took their lead from a sell-off on Wall Street, while a surging yen hit exporters. The benchmark Nikkei 225 index closed down 4.73 percent or 1,071.84 points at 21,610.24, after diving
Published 07 Feb, 2018 12:00am
Wall Street plunges, Dow erases 2018's gains

Wall Street plunges, Dow erases 2018's gains

US stocks sold off sharply on Monday, with the Dow industrials falling back below 25,000, as a pullback from record highs deepened and investors grappled with rising bond yields and potentially firming inflation. All three major US indexes fell more than
Published 07 Feb, 2018 12:00am
Indian shares drop

Indian shares drop

Indian shares fell for a sixth consecutive session on Tuesday, the longest losing streak since September, as the global market rout whacked sentiment, with lingering concerns of a tighter monetary policy ahead of a central bank meeting on Wednesday. The b
Published 07 Feb, 2018 12:00am
Selloff pauses after yields hit four-year highs

Selloff pauses after yields hit four-year highs

US Treasury yields pulled back from almost four-year highs reached overnight on Monday as investors weighed whether a dramatic week-long selloff had run its course, after improving economic data raised expectations of further rate hikes this year. Benchma
Published 07 Feb, 2018 12:00am
Selloff pauses after yields hit four-year highs

Selloff pauses after yields hit four-year highs

US Treasury yields pulled back from almost four-year highs reached overnight on Monday as investors weighed whether a dramatic week-long selloff had run its course, after improving economic data raised expectations of further rate hikes this year. Benchma
Published 07 Feb, 2018 12:00am
Australian shares slump most in 2-1/2 years

Australian shares slump most in 2-1/2 years

Australian shares suffered their worst single-day drop in nearly 2-1/2 years on Tuesday as worries about stronger inflation and higher interest rates prompted global investors to take profits from one of the longest bull runs in history. The S&P/ASX 200 i
Published 07 Feb, 2018 12:00am
Shanghai stocks post worst day in two years

Shanghai stocks post worst day in two years

China stocks tumbled on Tuesday as a global market rout intensified, with the Shanghai index posting its biggest loss in nearly two years on worries that inflationary pressures will prompt central banks to raise rates faster than expected. The Shanghai Co
Published 07 Feb, 2018 12:00am
European shares hit six-month low
Exchange

European shares hit six-month low

European shares hit their lowest level since August 2017 on Tuesday as a global sell-off in equities deepened and volatility spiked on growing worries over inflation and rising bond yields. All sectoral indexes were trading in negative territory, pushing
Published 07 Feb, 2018 12:00am
Southeast Asian stocks end lower for 2nd session

Southeast Asian stocks end lower for 2nd session

Southeast Asian shares shed most of January's gains and ended lower for a second straight session on Tuesday as an overnight plunge on Wall Street triggered a rout in equities worldwide. Most markets, however, staged a partial recovery towards the end of
Published 07 Feb, 2018 12:00am
Australia holds rates

Australia holds rates

Australia's central bank on Tuesday kept interest rates at a record low in its first meeting of the year, with inflation still soft and the outlook for household spending uncertain. The Reserve Bank of Australia has not adjusted rates since August 2016, f
Published 07 Feb, 2018 12:00am
General Motors reports $5.2 billion loss

General Motors reports $5.2 billion loss

A huge one-time charge for US tax reform pushed General Motors quarterly earnings into the red, but the automaker said Tuesday that earnings were better-than-expected when the tax hit is excluded.
Published 07 Feb, 2018 12:00am
General Motors reports $5.2 billion loss

General Motors reports $5.2 billion loss

A huge one-time charge for US tax reform pushed General Motors quarterly earnings into the red, but the automaker said Tuesday that earnings were better-than-expected when the tax hit is excluded.
Published 07 Feb, 2018 12:00am
Boeing, Embraer near deal on commercial air business

Boeing, Embraer near deal on commercial air business

US aerospace giant Boeing and Brazil's Embraer are close to an agreement to combine their commercial air operations into a new company, a person familiar with the talks told AFP Tuesday. The deal is designed to address the main roadblock to a merger betwe
Published 07 Feb, 2018 12:00am
BP annual profit rockets on higher oil prices

BP annual profit rockets on higher oil prices

British energy major BP said Tuesday that 2017 net profits rocketed to almost $3.4 billion (2.7 billion euros), boosted mostly by a recovery in the crude oil market. Earnings after taxation for the full year compared with $115 million in 2016, BP said in
Published 07 Feb, 2018 12:00am
BP annual profit rockets on higher oil prices

BP annual profit rockets on higher oil prices

British energy major BP said Tuesday that 2017 net profits rocketed to almost $3.4 billion (2.7 billion euros), boosted mostly by a recovery in the crude oil market. Earnings after taxation for the full year compared with $115 million in 2016, BP said in
Published 07 Feb, 2018 12:00am
Central banker takes stab at bitcoin 'bubble'
Exchange

Central banker takes stab at bitcoin 'bubble'

The head of the Bank of International Settlements, the central bank for central banks, on Tuesday lambasted bitcoin as a speculative bubble and said authorities need to be ready to protect public trust in the financial system.
Published 07 Feb, 2018 12:00am
Offshore wind power surges 25 percent in Europe

Offshore wind power surges 25 percent in Europe

Europe's capacity to generate offshore wind power soared 25 percent last year, an industry group said Tuesday, hailing the "spectacular" jump as renewable energy grows cheaper to produce. Germany and Britain have been leading the push to set up new wind f
Published 07 Feb, 2018 12:00am
US trade deficit rises to nine-year high on robust imports

US trade deficit rises to nine-year high on robust imports

The US trade deficit widened more than expected in December to its highest level since 2008, as robust domestic demand pushed imports to a record high, adding to the stiff headwinds faced by the Trump administration's "America First" trade policies.
Published 07 Feb, 2018 12:00am
Manchester United mark 60 years since Munich crash

Manchester United mark 60 years since Munich crash

Manchester United on Tuesday marked 60 years since the Munich air crash ripped the heart out of the "Busby Babes" team with a service at Old Trafford attended by survivors Bobby Charlton and Harry Gregg. The stadium fell silent as the clock ticked to 1504
Published 07 Feb, 2018 12:00am
ICC criticises Bangladesh Test pitch after run spree

ICC criticises Bangladesh Test pitch after run spree

The International Cricket Council on Tuesday penalised the "below average" pitch in Chittagong after batsmen plundered more than 1,500 runs during last week's Test between Bangladesh and Sri Lanka. Five centuries and six half-centuries were smashed over f
Published 07 Feb, 2018 12:00am
Injured Mathews ruled out of Bangladesh tour

Injured Mathews ruled out of Bangladesh tour

Sri Lanka's limited-overs skipper Angelo Mathews has been ruled out of the rest of the Bangladesh tour due to a hamstring injury, the country's cricket board said Tuesday. Mathews, who sustained the injury during the tri-nation ODI tournament that Sri Lan
Published 07 Feb, 2018 12:00am
Salman Butt to play with Bangladesh Premier League

Salman Butt to play with Bangladesh Premier League

The disgraced former Pakistan captain Salman Butt has arrived in Bangladesh to play his first full-fledged competition outside his homeland since serving a five-year ban for spot fixing, an official said Tuesday. He was cleared by the Pakistan Cricket Boa
Published 07 Feb, 2018 12:00am
Brazilian jockey wins world record 12,844th race

Brazilian jockey wins world record 12,844th race

Brazilian jockey Jorge Ricardo rode his 12,844th win at Rio de Janeiro's Hipodromo race track Monday, equalling the extraordinary world record held by his career-long Canadian rival. Ricardo, a grizzled 56, cried and raised his fist aloft after coming fir
Published 07 Feb, 2018 12:00am
Uber to become partner for HBL PSL 2018

Uber to become partner for HBL PSL 2018

Uber is set to become a partner for the upcoming HBL Pakistan Super League 2018 after partnership signing with the Pakistan Cricket Board (PCB). This signing marks the brand's commitment to enter the cricket arena for further support in the third edition
Published 07 Feb, 2018 12:00am
19th PVCA National Seniors Cup being contested by 103 teams

19th PVCA National Seniors Cup being contested by 103 teams

A total of 103 outfits from 50 cities, having been divided in 31 groups, will be participating in the 19th edition of the National Seniors Cup Cricket Tournament 2017-18 being organized by the Pakistan Veterans Cricket Association (PVCA) and sponsored by
Published 07 Feb, 2018 12:00am
Military guard Olympics as tummy bug sidelines 1,200 security staff

Military guard Olympics as tummy bug sidelines 1,200 security staff

Hundreds of soldiers have been drafted in to guard Pyeongchang Olympic venues after 1,200 security staff were withdrawn over an outbreak of a severe stomach virus, organisers said on Tuesday. Nine hundred military personnel were on duty after 41 security
Published 07 Feb, 2018 12:00am
'Sad' Simona Halep to miss Fed Cup tie

'Sad' Simona Halep to miss Fed Cup tie

World number two Simona Halep said Tuesday that she will miss Romania's Fed Cup tie with Canada this weekend after an injury picked up at a gruelling Australian Open failed to heal. "After spending the last week resting and rehabbing my injury from the Au
Published 07 Feb, 2018 12:00am
Winter Polo Cup 2018 begins

Winter Polo Cup 2018 begins

Master Paints/Rizvi's, Barry's and Newage/Guard Group Tuesday won their respective matches on the opening day of the Winter Polo Cup 2018 here at the Lahore Polo Club (LPC) ground. The first encounter of the day saw Master Paints/Rizvi's outclassing Army
Published 07 Feb, 2018 12:00am
South Korea to stop using Olympic flag with disputed isles

South Korea to stop using Olympic flag with disputed isles

South Korea will stop using a flag which shows disputed islands during the Pyeongchang Winter Olympics, its foreign ministry said Tuesday after rival claimant Japan reacted angrily. The two Koreas have agreed to march together at Friday's opening ceremony
Published 07 Feb, 2018 12:00am
Truck protest closes Gaza border crossing

Truck protest closes Gaza border crossing

Dozens of truck drivers prevented goods from entering the Gaza Strip from Israel on Tuesday in a day-long protest at the humanitarian situation in the Palestinian enclave. The trucks belonging to Gazan businesses blocked the roads near the Kerem Shalom cr
Published 07 Feb, 2018 12:00am
More deadly regime strikes as Syria toll mounts

More deadly regime strikes as Syria toll mounts

Fresh regime strikes on a besieged rebel-held enclave near Damascus killed 47 civilians on Tuesday despite mounting Western pressure on Syrian President Bashar al-Assad. The bloodshed came a day after another 31 civilians were killed in Eastern Ghouta and
Published 07 Feb, 2018 12:00am
Erdogan warns US to quit Syria's Manbij

Erdogan warns US to quit Syria's Manbij

President Recep Tayyip Erdogan on Tuesday warned the United States to withdraw any American forces from the Syrian town of Manbij, vowing Turkish troops would expand a cross-border military operation to the key strategic hub. Erdogan blamed Washington for
Published 07 Feb, 2018 12:00am
Beijing holds successful missile defense test

Beijing holds successful missile defense test

China said Tuesday it successfully conducted a test of a ground-based missile defence system amid rising tensions on the Korean peninsula. Concern over a potential conflict with nuclear-armed North Korea is growing following a series of bellicose statemen
Published 07 Feb, 2018 12:00am
China activity on reclaimed reef has eroded trust: ASEAN

China activity on reclaimed reef has eroded trust: ASEAN

China's continued reclamation in the South China Sea has eroded trust among rival claimants and could raise regional tensions, Southeast Asian foreign ministers said Tuesday. The ministers from the 10-nation Association of Southeast Asian Nations (ASEAN)
Published 07 Feb, 2018 12:00am
Snow shuts Eiffel Tower as winter blast hits France

Snow shuts Eiffel Tower as winter blast hits France

The Eiffel Tower turned away tourists on Tuesday as snow swept across northern France, snarling trains and giving the capital its first real dose of wintry weather this season. The Meteo France weather service put the greater Paris region on alert for sno
Published 07 Feb, 2018 12:00am
Top US general warns of 'nasty' Korea conflict, stresses diplomacy

Top US general warns of 'nasty' Korea conflict, stresses diplomacy

The US military's top officer warned Tuesday that any war with North Korea would be "nasty" and said America still hopes to find a peaceful solution to the ongoing crisis. General Joe Dunford, who is the chairman of the Joint Chiefs of Staff, said the Pen
Published 07 Feb, 2018 12:00am
Sri Lankan diplomat suspended

Sri Lankan diplomat suspended

Sri Lanka's foreign ministry Tuesday suspended a senior diplomat for threatening to slit the throats of minority Tamils protesting outside its High Commission in London. Minister Counsellor Priyanka Fernando, who is also a serving officer in the Sri Lanka
Published 07 Feb, 2018 12:00am
Angry anti-American protest in South Sudan

Angry anti-American protest in South Sudan

Hundreds of pro-government demonstrators marched in South Sudan's capital of Juba on Tuesday, protesting at US arms restrictions aimed at hastening the end to a bloody civil war. A female Canadian journalist reporting for the Associated Press (AP) news ag
Published 07 Feb, 2018 12:00am
US defends controversial new nuclear policy at UN

US defends controversial new nuclear policy at UN

The United States defended its controversial new nuclear policy at the United Nations on Tuesday, insisting a more assertive stance was needed to confront a worsening security climate. The Pentagon's so-called Nuclear Posture Review (NPR), unveiled last w
Published 07 Feb, 2018 12:00am
Pirates free ship with 22 Indian crew on board

Pirates free ship with 22 Indian crew on board

A tanker with 22 Indian crew on board has been released by pirates who had seized the vessel off the coast of West Africa, the company that manages the ship said Tuesday. The Panama-registered MT Marine Express, loaded with 13,500 tonnes of petrol, was an
Published 07 Feb, 2018 12:00am
Iran president rules out negotiations over missiles

Iran president rules out negotiations over missiles

Iran's President Hassan Rouhani said Tuesday that negotiations on the country's missile programme were out of the question. Speaking to reporters at a press conference in Tehran, Rouhani also criticised the ongoing Turkish offensive in northern Syria, say
Published 07 Feb, 2018 12:00am
Shanghai copper down
Exchange

Shanghai copper down

Shanghai Futures Exchange copper erased overnight gains to close down 0.5 percent at 52,750 yuan ($8,395.80) a tonne on Tuesday after leading the base metals complex lower as "risk off" sentiment soured share markets and safe-haven buying lifted the dolla
Published 07 Feb, 2018 12:00am
Industrial metals fall as investors flee riskier assets
Exchange

Industrial metals fall as investors flee riskier assets

Prices of industrial metals fell on Tuesday as global stock markets plunged for a fourth day, prompting investors to cut exposure to riskier assets and strengthening the dollar. Global shares have lost $4 trillion in value from record highs in late Januar
Published 07 Feb, 2018 12:00am
Jordan approves construction of Iraq oil pipeline

Jordan approves construction of Iraq oil pipeline

Jordan has given the green light for the construction of a pipeline that would bring oil from southern Iraq to its port of Aqaba, a government spokesman said Tuesday. In 2013, the neighbouring countries agreed on the idea of the 1,700-kilometre (1,000-mil
Published 07 Feb, 2018 12:00am
Oil dips for third day
Currency

Oil dips for third day

Oil fell for a third day on Tuesday as the US dollar rose to its highest in more than a week in the wake of a sharp sell-off on Wall Street and other stock markets, a global rout that wiped out $4 trillion in value. The crude market remained in positive t
Published 07 Feb, 2018 12:00am
Global coffee exports up

Global coffee exports up

Global coffee exports rose 0.7 percent in December from a year earlier to 10.62 million 60-kg bags, data from the International Coffee Organization (ICO) showed on Tuesday. For the first three months of the 2017/18 season, which began on October 1 last ye
Published 07 Feb, 2018 12:00am
Tokyo rubber extends decline
Exchange

Tokyo rubber extends decline

Benchmark Tokyo rubber futures extended decline on Tuesday, coming under pressure from sharp losses in Shanghai futures and weak oil prices, brokers said. The Tokyo Commodity Exchange rubber contract for July delivery finished 3 yen lower at 193.7 yen ($1
Published 07 Feb, 2018 12:00am
Malaysian palm oil slips
Vegetable Oil

Malaysian palm oil slips

Malaysian palm oil futures declined on Tuesday, and have now fallen in three of the past four days, tracking losses in global financial markets and as traders booked profits. Stock markets tumbled worldwide as investors fled from equities, spooked by a sh
Published 07 Feb, 2018 12:00am
Arabica coffee makes biggest jump in five weeks

Arabica coffee makes biggest jump in five weeks

Arabica coffee futures on ICE rose on Tuesday, marking their biggest one-day rally in five weeks as market participants holding short positions took cover in risk-averse dealings after US stock indexes slumped, traders said. London cocoa futures tapped a
Published 07 Feb, 2018 12:00am
Gold steadies in New York

Gold steadies in New York

Gold prices steadied on Monday as a slide in stock markets helped the precious metal claw back some lost ground after logging its biggest one-day loss in two months in the previous session. Prices fell 1.2 percent on Friday after stronger-than-expected US
Published 07 Feb, 2018 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices rose on Tuesday as a rout in global equities prompted investors to seek shelter in safe havens such as gold, although expectations of more US rate hikes this year weighed on the market. Spot gold was up 0.3 percent to $1,342.95 per ounce at 07
Published 07 Feb, 2018 12:00am
Gold slips in Europe

Gold slips in Europe

Gold prices slipped on Tuesday, weighed down by a firmer dollar and as some investors were squeezed by falling stocks and cashed in long positions in bullion. The dollar climbed to the highest levels in over a week as world stock markets extended their se
Published 07 Feb, 2018 12:00am
CME mulls changes to soya, corn contracts
Exchange

CME mulls changes to soya, corn contracts

CME Group Inc is talking to customers about potential changes to its biggest agricultural futures markets - corn and soyabeans - to address concerns the contracts' prices are not accurately reflecting the underlying US cash grain markets, the company's cl
Published 07 Feb, 2018 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold prices fell 1 percent to a 2-1/2-week low on Tuesday, as investors focused on expectations for higher US interest rates, even as US stock markets swung wildly in both directions a day after the Dow and S&P 500 indexes tumbled. Spot gold was down 1 pe
Published 07 Feb, 2018 12:00am
Nepal to host sixth Saarc 'Business Leaders Conclave'

Nepal to host sixth Saarc 'Business Leaders Conclave'

SAARC Chamber of Commerce & Industry (CCI) is set to organise 6th SAARC Business Leaders Conclave in collaboration with Federation of Nepalese Chambers of Commerce & Industry (FNCCI), in partnership with Friedrich Nauman Foundation (FNF) and with support
Published 07 Feb, 2018 12:00am
LUMHS convocation on February 10

LUMHS convocation on February 10

The 17th Convocation of Liaquat University of Medical & Health Sciences Jamshoro is scheduled to be held on Saturday, 10th February 2018, 11 am at LUMHS Jamshoro. The Chancellor/ Governor of Sindh Mohammad Zubair will preside over the Convocation, while C
Published 07 Feb, 2018 12:00am
ADP to promote high value varieties of dates, seedless kinnow

ADP to promote high value varieties of dates, seedless kinnow

Agriculture Department Punjab under special directives of Chief Minister has started a project for five years worth Rs 780 million to promote high value varieties of dates and seedless kinnow in Punjab. According to implementation status of this program,
Published 07 Feb, 2018 12:00am
Kohinoor Mills Limited
Mutual Funds

Kohinoor Mills Limited

Kohinoor Mills Limited has risen from being a minor weaving mill in 1987 to become one of Pakistan's largest vertically integrated textile units. The company's employee headcount stands over 1700 with the annual turnover exceeding Rs 10.6 billion.
Published 07 Feb, 2018 12:00am
Kohinoor Mills Limited
Mutual Funds

Kohinoor Mills Limited

Kohinoor Mills Limited has risen from being a minor weaving mill in 1987 to become one of Pakistan's largest vertically integrated textile units. The company's employee headcount stands over 1700 with the annual turnover exceeding Rs 10.6 billion.
Published 07 Feb, 2018 12:00am
PQTG awards scholarship to IBA-CEIF student
Exchange

PQTG awards scholarship to IBA-CEIF student

Pak-Qatar Takaful Group (PQTG), Pakistan's pioneer and largest Takaful group, recently at a special ceremony awarded the first-ever scholarship to Ammar Awais-highest meritorious student at the Institute of Business Administration -Centre of Excellence in
Published 07 Feb, 2018 12:00am
PQTG awards scholarship to IBA-CEIF student
Exchange

PQTG awards scholarship to IBA-CEIF student

Pak-Qatar Takaful Group (PQTG), Pakistan's pioneer and largest Takaful group, recently at a special ceremony awarded the first-ever scholarship to Ammar Awais-highest meritorious student at the Institute of Business Administration -Centre of Excellence in
Published 07 Feb, 2018 12:00am
Bakhtawar serves notice on Abida

Bakhtawar serves notice on Abida

Bakhtawar Bhutto Zardari has served legal notice through Senator Farooq H. Naek, senior Advocate Supreme Court of Pakistan and former federal Law Minister on Syeda Abida Husain for leveling "false, unsubstantiated and tendentious" allegations against form
Published 07 Feb, 2018 12:00am
Moot on 'women's economic empowerment' tomorrow

Moot on 'women's economic empowerment' tomorrow

Leadership for Environment and Development (LEAD) Pakistan, an independent policy think tank, is organising an international conference in Islamabad, on Thursday, February 08, titled 'Empowering Women for Growth and Prosperity: From Evidence to Policy'.
Published 07 Feb, 2018 12:00am
LHC refuses to interfere in BISE's policy

LHC refuses to interfere in BISE's policy

The Lahore High Court on Tuesday refused to interfere in the policy of Board of Intermediate and Secondary Education B-Form for students for appearing in 9th class examination. The court observed that the courts should refrain from interfering in the poli
Published 07 Feb, 2018 12:00am
LHC restrains SECP from harassing PTI leader
Exchange

LHC restrains SECP from harassing PTI leader

The Lahore High Court on Tuesday restrained Security Exchange Commission of Pakistan (SECP) from extending any harassment to a leader of Pakistan Tehreek-i-Insaf (PTI) Aleem Khan pertaining to his housing societies. The court also issued notices to other
Published 07 Feb, 2018 12:00am
Pakistan's entry into SCO to boost ties with member states: minister

Pakistan's entry into SCO to boost ties with member states: minister

Minister for Communications Hafiz Abdul Karim said on Tuesday that Pakistan's entry into Shanghai Cooperation Organization will further strengthens its relations with the member states of the organization. During a meeting with Secretary General of SCO Ra
Published 07 Feb, 2018 12:00am
Archroma, WWF-P to work for sustainable conservation water

Archroma, WWF-P to work for sustainable conservation water

Archroma, a global leader in color and specialty chemicals, announced it has signed a Memorandum of Understanding (MoU) with World Wide Fund for Nature (WWF Pakistan). The MoU paves the way for formal cooperation between the two institutions in Pakistan,
Published 07 Feb, 2018 12:00am
Orientation session for MPhil students held at LUMS

Orientation session for MPhil students held at LUMS

The fifth school at the Lahore University of Management Sciences (LUMS), School of Education (SOE), organised an information session for its new MPhil Education Leadership and Management programme, along with a free GRE preparatory workshop conducted by F
Published 07 Feb, 2018 12:00am
Man shot dead, two alleged target killers arrested

Man shot dead, two alleged target killers arrested

A man was shot dead by unidentified gunmen; whereas police claimed to have arrested two alleged target killers in the metropolis on Tuesday. The identification of deceased was ascertained as Chaudhary Maqsood who was targeted by unidentified assailants in
Published 07 Feb, 2018 12:00am
NED, Lotte Scholarship Foundation Award ceremony held

NED, Lotte Scholarship Foundation Award ceremony held

NED University of Engineering & Technology hosted a LOTTE Scholarship Foundation Awarding ceremony held on January 18, 2018 at their own venue. The event had a great turn out where students were awarded scholarships from Lotte Scholarship Foundation, Sout
Published 07 Feb, 2018 12:00am
'423 ASJs deprived of promotions for last 20 years

'423 ASJs deprived of promotions for last 20 years

Despite being eligible under the promotion criterion, around 423 Assistant Superintendents of Jails (ASJs) of the Punjab Prisons Department are awaiting for their promotions even after 20 years of service which not only negates the claims of bringing refo
Published 07 Feb, 2018 12:00am
'Serving humanity only option to get spiritual consolation'

'Serving humanity only option to get spiritual consolation'

Serving humanity is the only option to get spiritual consolation, said Mian Muhammad Idrees endorsed candidate for International Director for Lions International Club. Addressing a "Charter Night" of the Faisalabad Ultimate Lions Club (FULC), he mentioned
Published 07 Feb, 2018 12:00am
AKAH's emergency response training for Shimshal residents

AKAH's emergency response training for Shimshal residents

Around 310 community members simulated emergencies such as snow avalanches, floods, fire and earthquake as part of emergency response training provided by the Aga Khan Agency for Habitat (AKAH) in Pakistan. The community members included students, who wer
Published 07 Feb, 2018 12:00am
Pakistan facing economic revolution, says AJK president

Pakistan facing economic revolution, says AJK president

President Azad Jammu & Kashmir Sardar Masood Khan Wednesday acknowledged that Pakistan's economy was taking a u-turn and facing economic revolution, dispelling negative sentiments on economic issues.
Published 07 Feb, 2018 12:00am
'Executive Opinion Survey' to begin in February

'Executive Opinion Survey' to begin in February

The World Economic Forum in partnership with Mishal Pakistan will conduct the Executive Opinion Survey 2018 in Pakistan beginning in February 2018. The Executive Opinion Survey, "The Voice of the Business Community," is a major component of The Global Com
Published 07 Feb, 2018 12:00am
SECP introduces reforms for ease of doing business
Exchange

SECP introduces reforms for ease of doing business

The Securities and Exchange Commission of Pakistan (SECP), in continuation of its reforms to provide ease of doing business, has combined the procedures of reserving the name of proposed company and applying for its incorporation.
Published 07 Feb, 2018 12:00am
Commercial offices in five more African countries planned

Commercial offices in five more African countries planned

The Ministry of Commerce, Joint Secretary Maria Kazi said that the ministry will open commercial offices in five more African Countries and will provide additional duty drawback on exports to Africa". She was addressing at a session titled: "Look Africa T
Published 07 Feb, 2018 12:00am
Two gunned down in Peshawar

Two gunned down in Peshawar

Unknown assailants gunned down two people near Ring Road in the metropolitan city Tuesday evening. According to media reports, unknown gunmen opened fire on a vehicle near a petrol pump situated on the provincial capital's Ring Road.
Published 07 Feb, 2018 12:00am
Jhagra approves budget of KKK university

Jhagra approves budget of KKK university

KP Governor Engr Iqbal Zafar Jhagra chaired the 5th Senate meeting of the Khushal Khan Khattak University, Karak here at Governor House, Peshawar on Tuesday. Vice Chancellor of the University, Professor Dr Jehan Bakht, Principal Secretary to Governor, Mun
Published 07 Feb, 2018 12:00am
'PIA on path of recovery as results show upward trends'

'PIA on path of recovery as results show upward trends'

"PIA is on the path of recovery and results of the last quarter of 2017 are showing the upward trends. "Our aim is to cut down the losses and to improve customer service in order to bring back PIA amongst the competitive carriers of the world."
Published 07 Feb, 2018 12:00am
Byco Petroleum's ORC-II begins its operations

Byco Petroleum's ORC-II begins its operations

Byco Petroleum Pakistan Limited has announced that its Reformer of Oil Refining Complex-II (ORC-II) has successfully commenced its operations; this will enable the company to convert 24,000 barrels per day of Heavy Naphtha into Motor Gasoline, as per rate
Published 07 Feb, 2018 12:00am
Islamic finance courses planned at IBA-CEIF

Islamic finance courses planned at IBA-CEIF

IBA Centre for Excellence in Islamic Finance (IBA-CEIF) has announced three courses for next two months. First one-day introductory level course titled "Basics of Islamic Banking" will be held on 20th February, 2018. This course is designed to provide int
Published 07 Feb, 2018 12:00am
'Non-Muslim states control 80 percent of world halal trade'

'Non-Muslim states control 80 percent of world halal trade'

Former vice president of FPCCI, Saquib Fayyaz Mango has said that Pakistan has a great opportunity to get a big share in the global halal market. "Major shortcoming that Pakistan's halal sector faces is the absence of strong regulatory mechanism," he said
Published 07 Feb, 2018 12:00am
Scholars stress need for strengthening of democracy in South Asia

Scholars stress need for strengthening of democracy in South Asia

A hall packed with an august assembly of national and international scholars, political analysts, researchers, vice chancellors, male and female varsity students with intellectually-awakening academic setting are the words that help describe the opening c
Published 07 Feb, 2018 12:00am
Rangers' policing powers extended in Sindh

Rangers' policing powers extended in Sindh

The special policing powers of Sindh Rangers were extended for another 90 days in Karachi, said a notification issued. The notification was issued after the approval of provincial home ministry and the interior ministry. The current validity of the powers
Published 07 Feb, 2018 12:00am
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