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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-02-09
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee ended firmer for a second straight session on Thursday, further recovering from a record closing low hit earlier this week, as some exporters sold dollars, dealers said. The rupee hit an all-time closing low of 154.60/70 per dollar on
Published 09 Feb, 2018 12:00am
Sterling near three-week lows
Currency

Sterling near three-week lows

Sterling edged down towards three-week lows on Thursday on the view that the Bank of England may soften the tone of its previously confident outlook on the economy after some tepid survey results this week and a selloff in global markets.
Published 09 Feb, 2018 12:00am
Kiwi tumbles, Aussie struggles
Currency

Kiwi tumbles, Aussie struggles

The New Zealand dollar skidded to a one-month trough on Thursday after the country's central bank left interest rates at record lows and cut its inflation forecasts, suggesting easy monetary policy was here to stay. The local dollar extended losses to dro
Published 09 Feb, 2018 12:00am
ME markets flat to lower; cement shares jump again in Saudi bourse

ME markets flat to lower; cement shares jump again in Saudi bourse

Middle Eastern stock markets were flat to lower on Thursday after global markets lost steam and oil prices fell, though the cement sector surged again in Saudi Arabia on hopes for government spending on building projects. Saudi Arabia's index slipped 0.2
Published 09 Feb, 2018 12:00am
Tokyo stocks rise

Tokyo stocks rise

Tokyo stocks closed higher on Thursday supported by bargain-hunters after the two previous days saw wild price swings. The benchmark Nikkei index ended up 1.13 percent, or 245.49 points, at 21,890.96, while the broader Topix index closed 0.90 percent, or
Published 09 Feb, 2018 12:00am
Thursday's afternoon trade: Wall Street sinks again as bond yields rise

Thursday's afternoon trade: Wall Street sinks again as bond yields rise

The Dow Jones Industrial Average sank another 500 points on Thursday as a renewed rise in US bond yields and fears of higher inflation unnerve investors still piecing over a historic drop earlier this week. The 10-year US Treasury yield rose to a high of
Published 09 Feb, 2018 12:00am
Wall Street wobbles after week's wild start

Wall Street wobbles after week's wild start

US stocks slipped in choppy trading on Wednesday as technology and energy stocks fell, while investors adjusted to a market with greater volatility following wild swings of the past few sessions. The benchmark S&P 500 edged lower after two days of big mov
Published 09 Feb, 2018 12:00am
Hong Kong stocks steady

Hong Kong stocks steady

Hong Kong stocks regained some composure on Thursday after a brutal sell-off earlier in the week, with the benchmark Hang Seng Index ending the session slightly higher following five consecutive days of losses. The Hang Seng may have found a floor after p
Published 09 Feb, 2018 12:00am
Treasury prices drop

Treasury prices drop

US Treasury prices dropped on Wednesday after the Treasury Department sold new 10-year notes to soft demand and the US Senate reached a budget deal, boosting expectations of stronger economic growth. The US government had to pay higher rates to auction $2
Published 09 Feb, 2018 12:00am
Treasury prices drop

Treasury prices drop

US Treasury prices dropped on Wednesday after the Treasury Department sold new 10-year notes to soft demand and the US Senate reached a budget deal, boosting expectations of stronger economic growth. The US government had to pay higher rates to auction $2
Published 09 Feb, 2018 12:00am
Indian shares up

Indian shares up

Indian shares rose nearly 1 percent on Thursday, snapping seven sessions of fall, as market heavyweights such as Infosys Ltd and Housing Development Finance Corp helped the indexes end their longest spell of losses since September. The benchmark BSE index
Published 09 Feb, 2018 12:00am
Shanghai stocks plumb six-month low
Exchange

Shanghai stocks plumb six-month low

China stocks ended lower to post a third consecutive session of losses on Thursday, with the benchmark Shanghai index hitting a six-month low, even as data showed the country's trade performance in January exceeded expectations. Investors dumped blue chip
Published 09 Feb, 2018 12:00am
Australian shares up; New Zealand slips

Australian shares up; New Zealand slips

Australian shares firmed on Thursday, led by a rally in financials after National Australia Bank Ltd reported a 3 percent rise in first-quarter unaudited cash profit. The S&P/ASX 200 index rose 0.24 percent or 13.900 points to close at 5,890.700. The benc
Published 09 Feb, 2018 12:00am
European stocks fall as rebound ends, volatility jumps

European stocks fall as rebound ends, volatility jumps

European shares closed in negative territory on Thursday as volatility made a brutal comeback and ended a short-lived rebound after the beginning oof the week's global sell-off Europe's VSTOXX volatility index jumped to 32, its highest since the UK's Brex
Published 09 Feb, 2018 12:00am
Most Southeast Asian stocks edge higher

Most Southeast Asian stocks edge higher

Most Southeast Asian shares edged higher on Thursday tracking broader Asia while Singapore rebounded as lenders gained after index heavyweight DBS Group Holdings reported strong earnings. MSCI's broadest index of Asia-Pacific shares outside Japan was trad
Published 09 Feb, 2018 12:00am
FTSE slides after BoE meeting as pound pops higher
Currency

FTSE slides after BoE meeting as pound pops higher

The UK's top share index fell on Thursday after the Bank of England raised the prospect of higher interest rates, sending the pound higher which weighed on big British overseas earners. The FTSE was closed 1.5 percent lower at 7,170.69 points. The index i
Published 09 Feb, 2018 12:00am
Commerzbank profits slump on restructuring costs in 2017

Commerzbank profits slump on restructuring costs in 2017

Germany's second-largest lender Commerzbank on Thursday said net profit fell by nearly half last year as it grapples with a costly restructuring. Commerzbank's bottom line slumped by 44 percent to 156 million euros ($192 million) in 2017, as it booked mor
Published 09 Feb, 2018 12:00am
Commerzbank profits slump on restructuring costs in 2017

Commerzbank profits slump on restructuring costs in 2017

Germany's second-largest lender Commerzbank on Thursday said net profit fell by nearly half last year as it grapples with a costly restructuring. Commerzbank's bottom line slumped by 44 percent to 156 million euros ($192 million) in 2017, as it booked mor
Published 09 Feb, 2018 12:00am
British Prime Minister reassures Japanese executives on Brexit

British Prime Minister reassures Japanese executives on Brexit

Prime Minister Theresa May spoke of the "opportunity" of Brexit but acknowledged it would be "no small undertaking" as she met Thursday with Japanese companies investing in Britain. "Of course I recognise that the UK's forthcoming exit from the European U
Published 09 Feb, 2018 12:00am
New York Times reports more subscribers, posts fourth quarter loss

New York Times reports more subscribers, posts fourth quarter loss

The New York Times said Thursday it saw accelerating growth in digital subscribers in the fourth quarter, delivering a lift to share prices for the prestigious newspaper group. The Times said it added 157,000 net digital subscriptions in the final three m
Published 09 Feb, 2018 12:00am
German trade surplus shrinks for first time in eight years
Currency

German trade surplus shrinks for first time in eight years

Germany's trade surplus shrank for the first time since 2009 last year as imports outpaced exports in Europe's booming top economy, giving Berlin ammunition to ease criticism of its huge trade gap with other countries. The country's trade surplus unexpect
Published 09 Feb, 2018 12:00am
Restructuring hits Societe Generale's profits in 2017

Restructuring hits Societe Generale's profits in 2017

Societe Generale said Thursday that profits slumped by more than a quarter last year, as the French bank counts the cost of an ongoing restructuring and digitalisation. The lender said it also took a hit from US President Donald Trump's tax reforms and wa
Published 09 Feb, 2018 12:00am
France pushing Iran business ties despite nuclear deal 'limbo'
Exchange

France pushing Iran business ties despite nuclear deal 'limbo'

France will encourage its firms to do business in Iran despite uncertainty over a landmark 2015 nuclear deal putting the business environment in "limbo", a senior French finance official said on Thursday. Along with other European countries, France has be
Published 09 Feb, 2018 12:00am
US jobless claims drop to near 45-year low

US jobless claims drop to near 45-year low

The number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in nearly 45 years as the labour market tightened further, bolstering expectations of faster wage growth this year. The second straight week
Published 09 Feb, 2018 12:00am
Six arrested in Rumsas doping probe

Six arrested in Rumsas doping probe

The investigation into the death of cyclist Linas Rumsas, son of former professional rider Raimondas Rumsas, led Thursday to arrests at his former Altopack Eppela amateur team, Italian prosecutors said. Police raided several premises in the Tuscan town of
Published 09 Feb, 2018 12:00am
No evidence of Ashes match-fixing

No evidence of Ashes match-fixing

International cricket chiefs said Thursday they have found no evidence of match-fixing during the third Ashes Test between Australia and England following an investigation into allegations made by a British newspaper. The Sun said two bookmakers, includin
Published 09 Feb, 2018 12:00am
De Villiers back into squad against India

De Villiers back into squad against India

AB de Villiers returns to the South African squad for the last three one-day internationals against India, Cricket South Africa announced on Thursday. The star batsman missed the first three matches because of a finger injury suffered in the third Test ag
Published 09 Feb, 2018 12:00am
DPS Star win Descon Cricket Gala

DPS Star win Descon Cricket Gala

DPS Star defeated Descon Janbaz in the final of Descon Cricket Gala-2018. Eight teams of Descon namely Janoon, Badshah, Sultan, Shahnshah, Star, Shahzaday, Janbaz and Qalandar participated in the event. In the final, Mubashir Iqbal from DPS Star scored 16
Published 09 Feb, 2018 12:00am
Cricketer Azhar Ali becomes father of third baby RECORDER REPORT

Cricketer Azhar Ali becomes father of third baby RECORDER REPORT

Former skipper and batsman Azhar Ali has been blessed with a baby boy in Lahore. Azhar took to Twitter to share a picture of his third son, named Azlan. "Alhamdulillah Allah has blessed us with a baby boy meet new member of our family, Azlan Azhar," he po
Published 09 Feb, 2018 12:00am
PCB issues Notice of Charge to Nasir Jamshaid

PCB issues Notice of Charge to Nasir Jamshaid

The Pakistan Cricket Board (PCB) has issued a Notice of Charge to cricketer, Nasir Jamshaid. The PCB has been charged with multiple violations of Articles 2.1.1, 2.1.2, 2.1.3, 2.1.4 and 2.4.4 of the PCB's Anti-Corruption Code for Participants ("the Code")
Published 09 Feb, 2018 12:00am
Sri Lanka bounce back as bowlers dominate opening day

Sri Lanka bounce back as bowlers dominate opening day

Sri Lanka hit back with four wickets after being bowled out for 222 as bowlers led by Bangladesh spinner Abdur Razzak dominated day one of the second Test in Dhaka on Thursday. Razzak, making a Test return after four years, and fellow left-arm spinner Tai
Published 09 Feb, 2018 12:00am
National Day of Iran Men & Women Archery Championship begins
Exchange

National Day of Iran Men & Women Archery Championship begins

The 39th National Day of Islamic Republic of Iran Men and Women Archery Championship got under way here at Qayyum Sports Complex amidst great fun and joys. Consul General of the Consulate General of Islamic Republic of Iran H. E. Muhammad Baqir Begai was
Published 09 Feb, 2018 12:00am
CAS rejects appeals of 13 Russians on eve of Olympics

CAS rejects appeals of 13 Russians on eve of Olympics

A group of 13 Russians lost a last-ditch bid to beat their country's doping ban and take part in the Pyeongchang Olympics on Thursday, the day before the opening ceremony. The Court of Arbitration for Sport (CAS), which is also dealing with 47 other Russi
Published 09 Feb, 2018 12:00am
Queues, protests as North Korean orchestra performs

Queues, protests as North Korean orchestra performs

South Korean activists protested Thursday as a North Korean orchestra gave a sold-out performance on the eve of the Pyeongchang Winter Olympics. While concert-goers formed a long queue in Gangneung, which is hosting Olympic events, protesters across the s
Published 09 Feb, 2018 12:00am
North Korea holds military parade on eve of Olympics

North Korea holds military parade on eve of Olympics

North Korea staged a military parade in Pyongyang Thursday to mark the 70th anniversary of its armed forces, putting its intercontinental ballistic missiles on show just a day before the Winter Olympics open in the South.
Published 09 Feb, 2018 12:00am
Venezuela presidential vote set for April 22

Venezuela presidential vote set for April 22

Venezuela's electoral council has set April 22 as the date for a controversial presidential election, which the opposition accuses President Nicolas Maduro of using to engineer a second term for himself. The head of the National Electoral Council, Tibisay
Published 09 Feb, 2018 12:00am
Sudan seizes three newspapers for covering protests

Sudan seizes three newspapers for covering protests

Sudanese security agents seized the entire print-runs of three newspapers on Thursday after they covered food price protests in Khartoum and other towns, their editors said. Opposition groups have organised repeated demonstrations since bread prices jumpe
Published 09 Feb, 2018 12:00am
France to spend 37 billion euros on upgrading nuclear arsenal

France to spend 37 billion euros on upgrading nuclear arsenal

France is planning a 37-billion-euro revamp of its nuclear arsenal over the next seven years, part of a sharp increase in defence spending aimed at allowing France to "hold its own" as a key power in Europe, the country's defence chief said Thursday.
Published 09 Feb, 2018 12:00am
Turkey says to host Syria summit with Russia, Iran

Turkey says to host Syria summit with Russia, Iran

Turkey said Thursday it is planning to host in Istanbul a new three-way summit on Syria with the presidents of Russia and Iran, as the three powers seek to salvage increasingly fragile efforts to end the fighting. The meeting - the second such tripartite
Published 09 Feb, 2018 12:00am
Putin admits he does not have a smartphone

Putin admits he does not have a smartphone

Russian President Vladimir Putin said Thursday that he still does not have a smartphone, after revealing last year that he has no interest in joining any social media networks. At a meeting with scientists and academics, Putin made the admission in respon
Published 09 Feb, 2018 12:00am
Tajikistan pardons over 100 Syria, Iraq returnees

Tajikistan pardons over 100 Syria, Iraq returnees

Tajikistan has granted amnesty to more than 100 of its nationals following their return home from Syria and Iraq, where they had joined radical Islamist groups, the interior minister said Thursday. Speaking at a news conference in the Tajik capital Dushan
Published 09 Feb, 2018 12:00am
African Union head calls China spying report 'lies'

African Union head calls China spying report 'lies'

The African Union's chairman dismissed during a visit to Beijing on Thursday a French newspaper report alleging that China had spied on the continental body as "lies" intended to derail cooperation. The report published by Le Monde in January claimed tech
Published 09 Feb, 2018 12:00am
'Drugs and ammo' found in UN contractor's vehicle in CAR

'Drugs and ammo' found in UN contractor's vehicle in CAR

A stash of drugs and ammunition was found hidden in a truck chartered by a private company under contract with the UN in Central African Republic, the UN's mission in the country MINUSCA said on Thursday. "MINUSCA has opened an investigation," after Blue
Published 09 Feb, 2018 12:00am
Gaza hospitals, clinics to reopen after Emirati grant: WHO

Gaza hospitals, clinics to reopen after Emirati grant: WHO

Nearly 20 medical centres in Gaza will fully reopen in the coming days after the United Arab Emirates provided financing to end a fuel shortage, the World Health Organization said Thursday. Three hospitals and 16 medical centres had stopped offering key s
Published 09 Feb, 2018 12:00am
Suicide attack kills one in Iraq's Ramadi

Suicide attack kills one in Iraq's Ramadi

A suicide bombing killed one person in the western Iraqi city of Ramadi on Thursday, the first such attack since government forces retook it from jihadists, police and medics said. "A man driving a motorcycle blew himself up outside a police checkpoint,"
Published 09 Feb, 2018 12:00am
Iran says it can discuss other issues if nuclear deal successful

Iran says it can discuss other issues if nuclear deal successful

The United States and its European allies should ensure the 2015 nuclear deal is a success before demanding to negotiate on other issues such as Tehran's regional activities or ballistic missile programme, Iran's deputy foreign minister said on Thursday.
Published 09 Feb, 2018 12:00am
Shanghai copper falls
Exchange

Shanghai copper falls

Shanghai Futures Exchange copper fell 1.8 percent to 51,840 yuan ($8,196) a tonne on Thursday and finished below the 200-day moving average, sending a "sell" signal to chart-following funds. The prices also buoyed by solid China import figures that bolste
Published 09 Feb, 2018 12:00am
Copper hits eight-week low after inventories surge again
Exchange

Copper hits eight-week low after inventories surge again

Copper extended its downtrend on Thursday, touching its lowest in nearly eight weeks, after another big rise of inventories highlighted that the market currently has healthy supplies. On-warrant copper inventories in warehouses certified by the London Met
Published 09 Feb, 2018 12:00am
Iraq signs agreement to build oil refinery near Kirkuk

Iraq signs agreement to build oil refinery near Kirkuk

Iraq has signed an agreement to build a 70,000-barrels-per-day oil refinery near the northern city of Kirkuk, the oil ministry said on Thursday. The agreement was signed with Ranya International, a company based in the semi-autonomous Kurdistan region, no
Published 09 Feb, 2018 12:00am
Oil falls to six-week low as US output soars

Oil falls to six-week low as US output soars

Oil prices fell to their lowest in six weeks on Thursday after data showed US crude output had reached record highs and the North Sea's largest crude pipeline reopened following an outage. Brent futures were down 74 cents, or 1.1 percent, at $64.77 a barr
Published 09 Feb, 2018 12:00am
Tokyo rubber hits one-week low
Exchange

Tokyo rubber hits one-week low

Benchmark Tokyo rubber futures hit a one-week low on Thursday as the market came under pressure from weak Shanghai futures, brokers said. The Tokyo Commodity Exchange rubber contract for July delivery finished 3.2 yen lower at 192.3 yen ($1.75) per kg, de
Published 09 Feb, 2018 12:00am
Palm oil rebounds
Vegetable Oil

Palm oil rebounds

Malaysian palm oil futures recovered from losses in its early trading session on Thursday, rising for a second consecutive day on a weaker ringgit and expectations of falling output. The benchmark palm oil contract for April delivery on the Bursa Malaysia
Published 09 Feb, 2018 12:00am
Cocoa climbs on short-covering, sugar slips
Currency

Cocoa climbs on short-covering, sugar slips

Cocoa futures on ICE rose on Thursday, lifted by speculative short-covering, while position rolling out of the spot contract boosted volume in the New York market. Sugar prices fell amid worries over ample global supplies, with the raws dropping 3 percent
Published 09 Feb, 2018 12:00am
Gold slips in New York

Gold slips in New York

Gold slipped on Wednesday as the US dollar strengthened and global shares clawed their way off two-month lows, though bullion was underpinned by the view that the dollar's bear run remains in place despite rate hike expectations. Platinum briefly moved in
Published 09 Feb, 2018 12:00am
Gold drops in Asia
Exchange

Gold drops in Asia

Gold prices dropped for a third straight session on Thursday and hit a fresh four-week low, as investors liquidated their long positions on a firmer dollar, while expectations of more US rate hikes this year also weighed on the market. Spot gold was down
Published 09 Feb, 2018 12:00am
Gold remains lower in European trade
Exchange

Gold remains lower in European trade

Gold prices were driven lower for a third day on Thursday by a strong dollar and rising US bond yields. A global stock market selloff has driven investors to the relative safety of the dollar, lifting it from three-year lows and pushing gold from an 18-mo
Published 09 Feb, 2018 12:00am
Gold demand hits eight-year low in 2017

Gold demand hits eight-year low in 2017

Gold demand slid to an eight-year low point in 2017, an industry body said on Tuesday, as investors switched to riskier assets such as stock markets. Global annual demand fell to 4,071.7 tonnes last year, the World Gold Council (WGC) said in a performance
Published 09 Feb, 2018 12:00am
US MIDDAY: gold prices flat

US MIDDAY: gold prices flat

Gold prices were flat on Thursday, slumping early on concern about rising US bond yields and global interest rates, but buyers emerged to lift bullion when it hit a technical support level at about $1,312 an ounce. While a strengthening US dollar weighed
Published 09 Feb, 2018 12:00am
Tainted money not welcome anywhere in world

Tainted money not welcome anywhere in world

The UK government has issued Circular 3/2018, titled 'Unexplained Wealth Orders' [UWO}. This circular is essentially a part of the implementation/extension of the process of 'Proceed of Crimes Act, 2002 (POCA) of the UK. It is important to note, as has be
Published 09 Feb, 2018 12:00am
Crop biomass cell set up at agriculture department

Crop biomass cell set up at agriculture department

Under the directives of Punjab Chief Minister a "Crop Biomass" cell has been established in Punjab Agriculture department for assessing the production of crops and estimating biomass for generating electricity from alternative resources in the Punjab. Sou
Published 09 Feb, 2018 12:00am
FCCI congratulates nation, cricket board on T20 victory

FCCI congratulates nation, cricket board on T20 victory

FCCI (Faisalabad Chamber of Commerce & Industry) Standing Committee on Regional Sports has congratulated nation and cricket board on the thumping victory of Pakistan in T20 series against New Zealand, said Syed Maratab Ali Shah Chairman Standing Committee
Published 09 Feb, 2018 12:00am
USAID celebrates scholars' achievements at LUMS

USAID celebrates scholars' achievements at LUMS

The USAID-funded merit and needs-based scholarship program (MNBSP) celebrated the achievements of its scholars at a ceremony held at the Lahore University of Management Sciences (LUMS). USAID Provincial Director Lea E Swanson, Advisor Higher Education Com
Published 09 Feb, 2018 12:00am
Over 5,000 tons of rice awaits clearance at Zimbabwean port

Over 5,000 tons of rice awaits clearance at Zimbabwean port

Over 5,000 tons of Pakistani long grain rice is awaiting clearance at a Zimbabwean port for over a week due to a delay in a minor amendment needed in the certificate issued by the Pakistani Department of Plant Protection ((DPP) The Zimbabwe authorities re
Published 09 Feb, 2018 12:00am
PAD prepares strategy for guava cultivation

PAD prepares strategy for guava cultivation

Punjab Agriculture department (PAD) has prepared a strategy for the promotion of guava cultivation in selected districts of the province. The concept of this programme was to expand the cultivation of guava on large scale in the Punjab and after success o
Published 09 Feb, 2018 12:00am
Public hanging: LHC seeks AGP's help for 'amending existing laws'

Public hanging: LHC seeks AGP's help for 'amending existing laws'

The Lahore High Court on Thursday sought assistance from the attorney general of Pakistan (AGP) on February 13 in a petition seeking amendment in existing laws to introduce harsh punishments for the convicts of rape and murder of minors including public h
Published 09 Feb, 2018 12:00am
CDR system automated by Punjab police, CTD

CDR system automated by Punjab police, CTD

The Punjab Information Technology Board (PITB) in a partnership with the Punjab Police (PP) and the Counter Terrorism Department (CTD) has automated the entire process of Call Data Record (CDR) based analysis for major crimes through an analytics platform
Published 09 Feb, 2018 12:00am
Abid Boxer arrested in Dubai

Abid Boxer arrested in Dubai

Police officers have arrested most wanted criminal and ex-police inspector Abid Boxer in Dubai with the help of Interpol. Gaining notoriety as an encounter specialist, Abid Boxer wielded considerable influence among political and showbiz circles due to hi
Published 09 Feb, 2018 12:00am
PCMA holds workshop on 'Cost reduction through energy efficiency'

PCMA holds workshop on 'Cost reduction through energy efficiency'

Awareness and training on energy conservation and efficiency can make a significant difference in the output and efficiency of the local chemical industry that is presently going through a challenging phase. This was the crux of the speeches delivered at
Published 09 Feb, 2018 12:00am
Health sector: uplift projects being carried out expeditiously: minister

Health sector: uplift projects being carried out expeditiously: minister

Punjab Minister for Specialized Healthcare & Medical Education (SH&ME), Khawaja Salman Rafique has said that completion of health sector's development projects is being carried out on fast track due to which significant improvement has been witnessed in h
Published 09 Feb, 2018 12:00am
Punjab seeks $1.5 billion funds annually from ADB

Punjab seeks $1.5 billion funds annually from ADB

The Punjab government has sought development funds to the tune of $1.5 billion every year for health, education and other sectors. This was demanded during a meeting of a five-member delegation of the Asian Development Bank (ADB) headed by Country Directo
Published 09 Feb, 2018 12:00am
Libya to repatriate bodies of Pakistani migrants

Libya to repatriate bodies of Pakistani migrants

The bodies of around a dozen Pakistani migrants who drowned while trying to cross the Mediterranean Sea will be sent back to Pakistan, Libyan officials said. The PressTV report cited a hospital official as saying that the bodies of 12 Pakistanis who died
Published 09 Feb, 2018 12:00am
NCSW hails KP government's act of amending Civil Procedures Code 1908

NCSW hails KP government's act of amending Civil Procedures Code 1908

The National Commission on the Status of Women (NCSW) welcomes the amendment in Civil Procedures Code 1908 approved by Khyber Pakhtunkhwa (KP) government to ensue conclusion of trial in civil cases in one year from the institution of suit, says a press re
Published 09 Feb, 2018 12:00am
Pak-China Optical Fibre Cable project to be completed by year-end

Pak-China Optical Fibre Cable project to be completed by year-end

The $44 million Optical Fibre Cable (OFC) project directly connecting Pakistan and China would be completed under the China-Pakistan Economic Corridor (CPEC) by the end of current year and will provide the safest internet route to both countries, claimed
Published 09 Feb, 2018 12:00am
Iranian Airline to start Mashhad-Islamabad weekly service

Iranian Airline to start Mashhad-Islamabad weekly service

Iran's ATA Airlines will open a weekly route from Mashhad to Islamabad on Saturday with return leg to be operated on the same day. The service is expected to open up a new chapter in widening tourist-flows, particularly in religious travels between Iran a
Published 09 Feb, 2018 12:00am
JI welcomes suo motu notice about elites' wealth stashed abroad

JI welcomes suo motu notice about elites' wealth stashed abroad

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq has welcomed the suo moto notice taken by the Chief Justice of Pakistan in regard to the wealth of the Pakistani elite lying in banks abroad and expressed the hope this historic move would help bring
Published 09 Feb, 2018 12:00am
Bilawal says democracy needed to counter extremism

Bilawal says democracy needed to counter extremism

Chairman PPP Bilawal Bhutto Zardari has said that at a time when violent extremism had become the single largest challenge to the world, genuine democracy alone offered the hope to fight the menace. Moderation vs extremism has become a major fault line in
Published 09 Feb, 2018 12:00am
Budget 2018-2019: SMEDA holds consultative workshop

Budget 2018-2019: SMEDA holds consultative workshop

Small and Medium Enterprises Development Authority (SMEDA) organized a consultative workshop for stakeholders on Federal Budget 2018-19 and Strategic Trade Policy Framework (STPF) 2018-23 here Thursday. On this occasion, the officials of SMEDA briefed the
Published 09 Feb, 2018 12:00am
Another 200,000 tonnes of wheat sold for export

Another 200,000 tonnes of wheat sold for export

Another 200,000 tonnes of wheat has been sold to overseas buyers in the past week, continuing heavy sales after the country started an export incentive programme, European traders said on Thursday. This brought foreign sales of Pakistani wheat since the e
Published 09 Feb, 2018 12:00am
AJK president slams human rights' violations in IHK

AJK president slams human rights' violations in IHK

President Azad Jammu & Kashmir, Sardar Masood Khan has said that keeping the Kashmir dispute alive at international level is a big achievement. He expressed these views during an interactive session on 'Changing Global Scenario and Kashmir Dispute,' organ
Published 09 Feb, 2018 12:00am
UET Peshawar Syndicate meeting held

UET Peshawar Syndicate meeting held

The 108th meeting of the Syndicate of the University of Engineering and Technology, Peshawar held here under the chair of Vice Chancellor, Engr Professor Dr Iftikhar Hussain. The Syndicate approved the recommendations of various meetings held earlier.
Published 09 Feb, 2018 12:00am
FIA launches inquiry against Customs DI&I

FIA launches inquiry against Customs DI&I

Federal Investigation Agency (FIA) has initiated corruption inquiry against Directorate Intelligence and Investigation (DI&I), Customs Lahore. According to sources, FIA Corporate Crime Circle (CCC) has sent a notice under section 94 Cr PC to chief managem
Published 09 Feb, 2018 12:00am
Faysal Bank eyes 50 percent of FAML stake
Exchange

Faysal Bank eyes 50 percent of FAML stake

Faysal Bank intends to acquire 50 percent of Faysal Asset Management Limited (an associated company), ie, 7,500,000 shares, from Islamic Investment Company of the Gulf (Bahamas) Limited (IICGB) at the rate of Rs 30.00 per share subject to obtaining of all
Published 09 Feb, 2018 12:00am
PAT of Engro Fertilizers increases to Rs 10.136 billion

PAT of Engro Fertilizers increases to Rs 10.136 billion

The profit after tax (PAT) of Engro Fertilizers Limited has increased to Rs 10.136 billion in the year ended December 31, 2017 as compared to Rs 9.024 billion earned in the same period in 2016. The basic earning per share of the company increased to Rs 7.
Published 09 Feb, 2018 12:00am
PAT of Engro Fertilizers increases to Rs 10.136 billion

PAT of Engro Fertilizers increases to Rs 10.136 billion

The profit after tax (PAT) of Engro Fertilizers Limited has increased to Rs 10.136 billion in the year ended December 31, 2017 as compared to Rs 9.024 billion earned in the same period in 2016. The basic earning per share of the company increased to Rs 7.
Published 09 Feb, 2018 12:00am
Rs 30 million released to upgrade Karachi Zoo: Mayor

Rs 30 million released to upgrade Karachi Zoo: Mayor

Mayor Karachi Waseem Akhtar on Thursday said that Karachi Zoo is being developed as per international standards, as the Sindh government has released funds of around Rs 30 million for the very purpose. Talking to media at Karachi Zoo, the mayor said that
Published 09 Feb, 2018 12:00am
Training course held

Training course held

The Sindh Civil Services and Local Government Academy, Tandojam organized three days training course titled Project Planning and Management in Rural Areas, held from 6th to 8th February, 2018 in the campus of the Academy. The main objectives of the course
Published 09 Feb, 2018 12:00am
PIA implements Human Resources Management reward

PIA implements Human Resources Management reward

PIA has now implemented a Human Resources Management reward and recognition programme to show appreciation of extraordinary work by employees in providing better services to the airline customers and working extra with high efficiency for the betterment o
Published 09 Feb, 2018 12:00am
DIBP, ZDC accord for branchless banking platform

DIBP, ZDC accord for branchless banking platform

Dubai Islamic Bank Pakistan (DIBP) & Zing Digital Commerce (ZDC) have signed an agreement for deployment of Branchless Banking platform. This agreement will pave the way for Digitization of Banking products to enable the Bank in offering variety of produc
Published 09 Feb, 2018 12:00am
Cold, dry weather forecast

Cold, dry weather forecast

The Met Office on Thursday forecast mainly cold and dry with partly cloudy weather in the most parts of the country in the next 24 hours. However, it said that a light rain-thunderstorm with light snow over the hills is expected at few places in Quetta an
Published 09 Feb, 2018 12:00am
Edible oil refinery's commercial operations
Exchange

Edible oil refinery's commercial operations

Unity Foods Limited has announced that the commercial operations of the edible oil refinery successfully commenced on Wednesday (February 07), 2018. According to material information sent to Pakistan Stock Exchange on Thursday, the commercial operations o
Published 09 Feb, 2018 12:00am
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