News Archives for Print - 2018-02-17 - Business Recorder

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Print - 2018-02-17

Government extending health facilities to low-income groups: President

Government extending health facilities to low-income groups: President

President Mamnoon Hussain Friday said the government was extending health facilities to the low-income groups though it had been a difficult task to provide health services in a populous country like Pakistan.

Published 17 Feb, 2018 12:00am

Turkish court sentences six journalists to life, including Altan brothers

Turkish court sentences six journalists to life, including Altan brothers

A Turkish court on Friday sentenced six journalists, including two prominent brothers, to life in jail for aiding plotters of a 2016 failed coup, state media said, a sharp turnaround after the country's highest court ordered one of the men released. Mehme

Published 17 Feb, 2018 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Friday (February 16, 2018).

Published 17 Feb, 2018 12:00am

Import of used cars: what has paved the way for reverting ECC decision?

Exchange

Import of used cars: what has paved the way for reverting ECC decision?

A recent development in country's automotive market seems to have paved the way for reverting ECC's decision of October 6, 2017 regarding import of three-year-old used cars, well-informed sources in Commerce Ministry told Business Recorder.

Published 17 Feb, 2018 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (February 16, 2018)

Published 17 Feb, 2018 12:00am

Import of used cars: what has paved the way for reverting ECC decision?

Exchange

Import of used cars: what has paved the way for reverting ECC decision?

A recent development in country's automotive market seems to have paved the way for reverting ECC's decision of October 6, 2017 regarding import of three-year-old used cars, well-informed sources in Commerce Ministry told Business Recorder.

Published 17 Feb, 2018 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (February 16, 2018).

Published 17 Feb, 2018 12:00am

Import of used cars: what has paved the way for reverting ECC decision?

Exchange

Import of used cars: what has paved the way for reverting ECC decision?

A recent development in country''s automotive market seems to have paved the way for reverting ECC''s decision of October 6, 2017 regarding import of three-year-old used cars, well-informed sources in Commerce Ministry told Business Recorder.

Published 17 Feb, 2018 12:00am

LME official prices

Exchange

LME official prices

The following were Thursday official prices.

Published 17 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 for export in the past week, continuing large sales after the country started an export incentive programme at the beginning of this year, European traders said on Friday. This brought foreign sales of Pakista

Published 17 Feb, 2018 12:00am

LME official prices

Exchange

LME official prices

The following were Thursday official prices.

Published 17 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 for export in the past week, continuing large sales after the country started an export incentive programme at the beginning of this year, European traders said on Friday. This brought foreign sales of Pakista

Published 17 Feb, 2018 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (February 16, 2018).

Published 17 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 for export in the past week, continuing large sales after the country started an export incentive programme at the beginning of this year, European traders said on Friday. This brought foreign sales of Pakista

Published 17 Feb, 2018 12:00am

The Weather

The Weather

The weather report on Friday (February 16, 2018) and the forecast for Saturday (February 17, 2018).

Published 17 Feb, 2018 12:00am

Benazir murder case: LHC adjourns case of further detention

Benazir murder case: LHC adjourns case of further detention

A provincial review board comprising three judges of the Lahore High Court (LHC) on Friday adjourned until February 19 the matter of further detention of five persons acquitted by an anti-terrorism court in Benazir Bhutto's murder case as law officer fail

Published 17 Feb, 2018 12:00am

Benazir murder case: LHC adjourns case of further detention

Benazir murder case: LHC adjourns case of further detention

A provincial review board comprising three judges of the Lahore High Court (LHC) on Friday adjourned until February 19 the matter of further detention of five persons acquitted by an anti-terrorism court in Benazir Bhutto's murder case as law officer fail

Published 17 Feb, 2018 12:00am

Pak-Afghan-US minuet

Pak-Afghan-US minuet

CoAS General Qamar Javed Bajwa while addressing the Chiefs of Defence Conference in Kabul attempted to reassure Kabul and Washington that Pakistan's counterterrorism operations are targeting elements carrying out attacks in Afghanistan. In turn he called

Published 17 Feb, 2018 12:00am

Karachi needs ownership

Karachi needs ownership

It can be plausibly argued that Punjab's capital city Lahore has clearly surpassed Karachi in terms of creation and upkeep of civic infrastructure. With the availability of sufficient electricity and greater local government emphasis on cleanliness ahead

Published 17 Feb, 2018 12:00am

Ease of doing business reform

Exchange

Ease of doing business reform

Prime Minister Shahid Khaqan Abbasi seems to have fully recognised the criticality of 'ease of doing business' in order to attract investments and enhance exports.

Published 17 Feb, 2018 12:00am

Water nowhere

Water nowhere

There are no accidents; a rather impeccable quote from one of my all time favourite movies, Kung Fu Panda, which I believe I improve upon by adding- and there is no such thing as a coincidence.

Published 17 Feb, 2018 12:00am

Unpublished data shows India's fraud problems extend far beyond PNB

Unpublished data shows India's fraud problems extend far beyond PNB

Investors may have been shocked when one of India's biggest banks disclosed a $1.77 billion fraud by a billionaire jeweller, but the central bank has recorded data that shows the problem runs far deeper and wider.

Published 17 Feb, 2018 12:00am

Controversial bill approved by Senate panel

Controversial bill approved by Senate panel

It is quite unfortunate that the Senate Standing Committee on Energy has approved the Regulation of Generation, Transmission and Distribution of Electric Power (Amendment) Bill, 2017. The Senate panel's move is clearly aimed at clipping the wings of regul

Published 17 Feb, 2018 12:00am

Ehsanullah Ehsan case: government complains of being kept out of the loop

Ehsanullah Ehsan case: government complains of being kept out of the loop

The government informed the Senate on Friday that Interior Ministry is not in the loop in former spokesman of Tehreek-e-Taliban Pakistan (TTP) Ehsanullah Ehsan case, raising concerns among Senators who warned any delay in his trial will disappoint the mas

Published 17 Feb, 2018 12:00am

Two youth martyred in IHK

Two youth martyred in IHK

Indian troops in their fresh act of state terrorism, martyred two Kashmiri youth in Poonch district, occupied Kashmir. According to Kashmir Media Service, the troops killed the youth during a violent military operation in Balakot area of the district. The

Published 17 Feb, 2018 12:00am

Punjab Food Festival begins today

Punjab Food Festival begins today

First 'Punjab Food Festival 2018' will commence today at Lahore International Expo Centre where more than 150 stalls of food business operators and multinational and national food companies would be set up. Entry in the festival is completely free whereas

Published 17 Feb, 2018 12:00am

Gulalai claims PML-N has offered Senate ticket for criticising army

Gulalai claims PML-N has offered Senate ticket for criticising army

Pakistan Tehreek-e-Insaf (PTI) renegade MNA Ayesha Gulalai has claimed that ruling Pakistan Muslim League-Nawaz (PML-N) had instigated her to badmouth the army, offering her a Senate ticket in return. Talking to the media outside the Parliament House, Gul

Published 17 Feb, 2018 12:00am

Rao Anwar's disappearance: SC directs agencies to cooperate with Sindh police

Rao Anwar's disappearance: SC directs agencies to cooperate with Sindh police

Revoking protective bail concession for suspended SSP Malir Rao Anwar, who failed to turn up before the court on Friday in Naqeebullah Mehsud extrajudicial murder case, the Supreme Court issued directives to all spy agencies to cooperate with Sindh police

Published 17 Feb, 2018 12:00am

Foreign Minister meets President of Tunisia

Foreign Minister meets President of Tunisia

Foreign Minister Khawaja Muhammad Asif Friday called on President of the Republic of Tunisia, Beji Caid Essebsi. Foreign Minister Khawaja Asif is currently on an official visit to Tunisia, led Pakistan's delegation to the 9th Session of the Bilateral Join

Published 17 Feb, 2018 12:00am

FBR seeks income details of cricketers

FBR seeks income details of cricketers

The regional office of Federal Board of Revenue (FBR) has sought income details of cricketers, said sources. They said the office has also sought income details of coaches and management staff of the cricket team. It may be noted that the FBR is in the pr

Published 17 Feb, 2018 12:00am

Bank dacoities, motor vehicle thefts: capital police nab seven suspects

Bank dacoities, motor vehicle thefts: capital police nab seven suspects

Capital Police Friday claimed to have nabbed seven bandits involved in various cases of bank dacoities and motor vehicle thefts, and recovered weapons from their possession. Addressing a press conference, Superintendent of Police City Zone, Muhammad Iqbal

Published 17 Feb, 2018 12:00am

Indian atrocities in IHK: AJK president, PM urge UN to take serious notice

Indian atrocities in IHK: AJK president, PM urge UN to take serious notice

The President and Prime Minister of Azad Jammu & Kashmir on Friday while slamming Indian atrocities against the people of occupied Kashmir and regular violations on the Line of Control (LoC) have urged the global community and United Nations (UN) to take

Published 17 Feb, 2018 12:00am

NA Speaker accuses PIA of selling aircraft engines

NA Speaker accuses PIA of selling aircraft engines

Pakistan International Airlines (PIA) has sold engines of aircraft, worth over one million dollars, while stealing from luggage of passengers traveling on the airline has become a routine matter. Speaker National Assembly Sardar Ayaz Sadiq said this on Fr

Published 17 Feb, 2018 12:00am

Customs to launch e-payment module by next week

Customs to launch e-payment module by next week

Pakistan customs is going to launch its e-payment module by next week.

Published 17 Feb, 2018 12:00am

Fake encounter: heirs protest against police

Fake encounter: heirs protest against police

Heirs of the deceased who was allegedly killed in fake encounter held protest demonstration against the police on Friday. According to details, tortured dead body of Musa, a resident of Gadap Town Malir was found near Super Highway Northern Bypass Karachi

Published 17 Feb, 2018 12:00am

Rs 118 million unverified tax refunds unearthed

Rs 118 million unverified tax refunds unearthed

Directorate Internal Audit (DIA), Customs has detected unverified tax refunds amounting to Rs 118.088 million issued by Model Customs Collectorate (MCC) Appraisement, East. According to sources, the MCC, Appraisement East instead of facilitating audit tea

Published 17 Feb, 2018 12:00am

UAE-India currency swap deal: Lasbela CCI seeks to draw government's attention

Exchange

UAE-India currency swap deal: Lasbela CCI seeks to draw government's attention

President of Lasbela Chamber of Commerce and Industry (LCCI), Yakoob Karim, has said that Pakistanis have invested more than $100 billion, one of the largest investments, in UAE by a single country, but we are unable to get even a minor benefit from UAE g

Published 17 Feb, 2018 12:00am

KMC regularizes 44 physically challenged employees

KMC regularizes 44 physically challenged employees

Karachi Metropolitan Corporation (KMC) on Friday regularized as many as 44 employees with physical disability who had been working in different departments on a contract basis for the last five to seven years. The Mayor Karachi Waseem Akhtar issued appoin

Published 17 Feb, 2018 12:00am

Over 1 million pangolins victims of global illegal trade: WWF Pakistan

Over 1 million pangolins victims of global illegal trade: WWF Pakistan

Pangolins, world's most heavily trafficked mammals are confronting multiple threats across its habitat range worldwide. Over one million pangolins have been victims of illegal wildlife trade, globally, during the last decade according to the statistics of

Published 17 Feb, 2018 12:00am

Missing persons recovery: SHC issues notices to DG Rangers, IGP

Missing persons recovery: SHC issues notices to DG Rangers, IGP

The Sindh High Court on Friday issued notices to DG Rangers, IGP Sindh to recover the missing people and present them by March 21. As per details, the SHC bench headed by Chief Justice Sindh High Court was hearing the pleas in missing persons' case.

Published 17 Feb, 2018 12:00am

Intertextile Shanghai Expo: 37 yarn, fabric companies to attend

Cotton

Intertextile Shanghai Expo: 37 yarn, fabric companies to attend

As many as 37 Pakistani companies along with Trade Development Authority of Pakistan Pavilion participating in 'Intertextile Shanghai Apparel Fabrics and Yarn Expo Spring 2018,' to be held from 14-16 March, in Shanghai

Published 17 Feb, 2018 12:00am

UBL, Pakistan Post ink MoU

UBL, Pakistan Post ink MoU

United Bank Limited (UBL) and Pakistan Post recently signed a memorandum of understanding (MoU) enabling post offices all over Pakistan to deliver financial services through the UBL Omni platform. The agreement was signed by Sima Kamil, President & CEO, U

Published 17 Feb, 2018 12:00am

Importance of 'agriculture-entrepreneurial culture' highlighted

Importance of 'agriculture-entrepreneurial culture' highlighted

Launching own entrepreneurship at small level must be put on priority than running behind salary-based jobs, as fresh graduates from professional universities presently face challenges in job market, specially in Sindh province of Pakistan.

Published 17 Feb, 2018 12:00am

'People's court' has exonerated Nawaz, claims Maryam

'People's court' has exonerated Nawaz, claims Maryam

Maryam Nawaz, daughter of former Prime Minister Nawaz Sharif, said that the people's court has exonerated the deposed premier. Maryam Nawaz said that the Chief Justice of Pakistan (CJP) would get a response from the political front as well if he uses the

Published 17 Feb, 2018 12:00am

Pakistan Post, NBP agree to boost digital financial services

Pakistan Post, NBP agree to boost digital financial services

Pakistan Post and National Bank of Pakistan signed a memorandum of understanding (MoU) here at ECO Postal Staff College Auditorium to boost digital financial services in the country through a huge network of 12,000 Post Offices countrywide as well as to a

Published 17 Feb, 2018 12:00am

Shafiq Ahmed made FPCCI body chairman

Shafiq Ahmed made FPCCI body chairman

President Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Ghazanfar Bilour has appointed Shafiq Ahmed Sheikh of Pakistan Suzuki Motors as chairman FPCCI (Central) Standing Committee on automobile manufacturers, engineering and standards fo

Published 17 Feb, 2018 12:00am

Gulalai's statement based on lies: Marriyum

Gulalai's statement based on lies: Marriyum

Minister of State for Information, Broadcasting, National History and Literary Heritage Marriyum Aurangzeb, responding to the statement made by Gulalai, Friday said that it was a despicable indiscretion on her part to gain cheap political popularity and i

Published 17 Feb, 2018 12:00am

PPP organizes reference for Asma, Munnoo Bhai

PPP organizes reference for Asma, Munnoo Bhai

The PPP's cultural wing organized a condolence reference for the former president of Supreme Court Bar Association Asma Jehangir and renowned columnist Munnoo Bhai on Friday. The party organized it at the Lahore Press Club which was attended by party lead

Published 17 Feb, 2018 12:00am

Rabita Committee once again invites Sattar to lead MQM-P

Rabita Committee once again invites Sattar to lead MQM-P

Muttahida Qaumi Movement Pakistan (MQM-P), on Friday, once again invited Dr Farooq Sattar to lead the party as per its constitution at the Workers Convention held at Gulshan Iqbal. "Dr Farooq Sattar come and lead MQM-P because I am the trustee of your con

Published 17 Feb, 2018 12:00am

Female doctor complains of harassment

Female doctor complains of harassment

A female doctor on Friday has approached Punjab Service Tribunal seeking contempt proceedings against Secretary Health Punjab for transferring and posting her at three different places within three months.

Published 17 Feb, 2018 12:00am

FCAG holds dinner for new officials

FCAG holds dinner for new officials

President, Frontier Customs Agents Group (FCAG), Khyber Pakhtunkhwa, Zia-ul-Haq Sarhadi and his cabinet arranged a dinner for the newly posted Collector Customs, Peshawar Dr Saeed Khan Jadoon, Director Customs Intelligence, Irfan Javed, Additional Collect

Published 17 Feb, 2018 12:00am

'The Betrayal of India': German author accuses India of carrying out pre-planned Mumbai attacks

'The Betrayal of India': German author accuses India of carrying out pre-planned Mumbai attacks

The 2008 Mumbai attacks were pre-planned and executed by India itself while the United States and Israel were also complicit in conceiving, planning, directing and executing the attacks, claimed a German author challenging the official Indian accounts int

Published 17 Feb, 2018 12:00am

SAFE Conclave-2018 to be held from February 19 in Karachi

SAFE Conclave-2018 to be held from February 19 in Karachi

For the first time in its history, the Annual Meeting of South Asian Forum of Employers is being held in Karachi on February 19-20, hosted by Employers Federation of Pakistan. This was disclosed by Zaki Ahmed Khan, Vice President EFP in a press release.

Published 17 Feb, 2018 12:00am

Aamir Ibrahim appointed Head of Emerging Markets, VEON Group

Aamir Ibrahim appointed Head of Emerging Markets, VEON Group

VEON Ltd. (formerly VimpleCom the parent company of Jazz), announced that Aamir Hafeez Ibrahim will replace Jon Eddy as the Head Emerging Markets (Algeria, Pakistan and Bangladesh) for VEON, while continuing as CEO of Jazz.

Published 17 Feb, 2018 12:00am

Bahria Orchard: Bahria Town launches Escorts Investment Bank branch in Lahore

Bahria Orchard: Bahria Town launches Escorts Investment Bank branch in Lahore

Bahria Town (Private) Limited has started the first branch of its latest venture 'Escorts Investment Bank Ltd' at Bahria Town Head Office in Bahria Orchard Lahore. In the presence of a highly esteemed gathering, the new branch commenced its operation, yes

Published 17 Feb, 2018 12:00am

Sindh CM asks FD to launch anti-encroachment drive

Sindh CM asks FD to launch anti-encroachment drive

Sindh Chief Minister, Syed Murad Ali Shah, directed Forest Department (FD) to launch anti-encroachment drive against land grabbers and plant trees on the forest land. This he said while talking to Secretary Forest Asif Hyder Shah, Chief Conservator Aijaz

Published 17 Feb, 2018 12:00am

Total PARCO adds 10,000 m3 gasoline storage tank at its Machike terminal

Total PARCO adds 10,000 m3 gasoline storage tank at its Machike terminal

Total PARCO Pakistan Limited inaugurated the safe construction of a 10,000 m3 large vertical storage tank at its Machike Terminal located near Sheikhupura-Punjab. The new tank has been constructed to meet the growing demand of gasoline, resulting in the g

Published 17 Feb, 2018 12:00am

207 computer servers of FBR need immediate upgrade

207 computer servers of FBR need immediate upgrade

The 207 computer servers of the Federal Board of Revenue, handling the FBR data, have reached end of life and end of service. It is learnt that the issue of IT computer servers was discussed during a past meeting of Tax Reform Implementation Committee (TR

Published 17 Feb, 2018 12:00am

PML-N local leaders join PTI

PML-N local leaders join PTI

The Pakistan Muslim League-Nawaz (PML-N) local leaders from district Kasur have announced to join the Pakistan Tehreek-e-Insaf (PTI) during a PTI workers convention held in Kasur on Friday. Atta-ur-Rehman Ansari, Fayyaz Sindhu, ex-Nazim Haji Mahbood, Haji

Published 17 Feb, 2018 12:00am

PHC suspends surgeries in 256 OTs, serves notices to 314

PHC suspends surgeries in 256 OTs, serves notices to 314

The Punjab Healthcare Commission has suspended surgeries in 256 operation theatres of 356 hospitals, and issued show-cause notices to 314 healthcare establishments for not implementing the Minimum Service Delivery Standards. Chief Operating Officer Dr Muh

Published 17 Feb, 2018 12:00am

Nawaz's 'questionable' removal has added to his stature: Sana

Nawaz's 'questionable' removal has added to his stature: Sana

Punjab Law Minister Rana Sanaullah wondered on Friday that what message will go to world if they put the name of former prime minister Nawaz Sharif on the Exit Control List (ECL). Talking to media outside the Punjab Assembly, Sanaullah said that Rao Anwar

Published 17 Feb, 2018 12:00am

Partly Facetious: Imran is on a hat trick

Partly Facetious: Imran is on a hat trick

"I have an observation."

Published 17 Feb, 2018 12:00am

OPC retrieves properties

OPC retrieves properties

The Overseas Pakistanis Commission (OPC) Punjab retrieved as many as 17 properties of overseas Pakistanis, worth Rs 93.3 million from the illegal occupants during the last two weeks. This was stated in the fortnightly meeting of the OPC here on Friday. Th

Published 17 Feb, 2018 12:00am

Shahbaz announces establishment of first free cancer hospital

Shahbaz announces establishment of first free cancer hospital

Punjab Chief Minister Shahbaz Sharif on Friday announced that first free cancer hospital will be established soon after the elections of 2018 where free treatment facilities will be provided for every sort of cancer. For this hospital, best Pakistani doct

Published 17 Feb, 2018 12:00am

PSDF to launch special vocational training programme

PSDF to launch special vocational training programme

Punjab Skill Development Fund (PSDF) will launch a special vocational training program exclusively for Faisalabad from July this year, said Jawad Khan Chief Executive Officer PSDF. Addressing the members of Faisalabad Chamber of Commerce and Industry (FCC

Published 17 Feb, 2018 12:00am

L&DDDP to supply pure, fresh camel milk to consumers

L&DDDP to supply pure, fresh camel milk to consumers

The Livestock and Dairy Development Department Punjab has made special arrangements to supply the pure and fresh "Camel Milk" in the market in a organized manner for the use of the consumers which is 100% organic milk.

Published 17 Feb, 2018 12:00am

Intellectual Property Rights: FCCI to host awareness session

Intellectual Property Rights: FCCI to host awareness session

Strict enforcement of Intellectual Property Rights (IPR) is imperative to survive in the era of globalization and in this connection Faisalabad Chamber of Commerce and Industry (FCCI) is ready to host an awareness session for its members on this most impo

Published 17 Feb, 2018 12:00am

Rejection of Dar's nomination papers: Tribunal issues notices to ECP

Rejection of Dar's nomination papers: Tribunal issues notices to ECP

An appellate tribunal headed by a Lahore High Court judge on Friday issued notice to the Election Commission of Pakistan (ECP) in an appeal of Ishaq Dar against rejection of his nomination papers for Senate election.

Published 17 Feb, 2018 12:00am

Promotion of SME Banking: SBP launches awareness campaign for chambers

Promotion of SME Banking: SBP launches awareness campaign for chambers

The State Bank of Pakistan (SBP) in order to create awareness about its 'Roadmap for Promotion of SME Banking' which is aimed at enhancing credit to SME sector, has launched an awareness creating program to educate different chambers and associations.

Published 17 Feb, 2018 12:00am

PU VC to head 'SAARC Education Reforms Committee'

PU VC to head 'SAARC Education Reforms Committee'

South Asia Association of Regional Co-operation (SAARC) Chamber of Commerce and Industry, an apex body in the region has nominated Vice Chancellor Punjab University Professor Dr Muhammad Zakaria Zakar to head its high level "Education Reforms Committee" f

Published 17 Feb, 2018 12:00am

'Women's empowerment a must for economic development'

'Women's empowerment a must for economic development'

Chairperson of the Punjab Commission on the Status of Women, Fauzia Viqar on Friday said the PCSW is making all out measures for gender equality and women empowerment that is a must for sustainable economic development of the country.

Published 17 Feb, 2018 12:00am

DHQ Hospital DGK: PPDWP approves Rs 4.6 billion for upgradation

DHQ Hospital DGK: PPDWP approves Rs 4.6 billion for upgradation

Punjab Provincial Development Working Party (PPDWP) has approved Rs 4.6 billion for provision of missing specialties for upgradation of DHQ Hospital Dera Ghazi Khan into Teaching Hospital DGK. The approval was given in the PPDWP 51st meeting of current fi

Published 17 Feb, 2018 12:00am

Different bodies of Punjab textile industry meeting today

Different bodies of Punjab textile industry meeting today

The representatives of different textile industry associations of Punjab will hold a consultative joint session Saturday (today) to evolve a joint strategy to encounter challenges faced by textile and its allied industry. In this session the participants

Published 17 Feb, 2018 12:00am

Higher economic growth can help reverse brain drain: PM

Higher economic growth can help reverse brain drain: PM

Prime Minister Shahid Khaqan Abbasi Friday said the economic growth would help create new opportunities for the qualified people and reverse brain drain from the country. He was talking to a delegation of students from Institute of Business Management Kar

Published 17 Feb, 2018 12:00am

Track and trace system: TRIC, FBR agree on monitoring of tobacco products

Track and trace system: TRIC, FBR agree on monitoring of tobacco products

The Tax Reform Implementation Committee (TRIC) and Federal Board of Revenue (FBR) have principally agreed that under the track and trace system of tobacco products, the concerned company will provide full investment while the tax department will be involv

Published 17 Feb, 2018 12:00am

'PAK-UAE Property Show 2018' to be held on April 26

'PAK-UAE Property Show 2018' to be held on April 26

First premier show for property, builders and construction industry, PAK-UAE Property Show 2018 with international symposium involving exhibitors from two and investors from eight countries to participate under one roof will be held on April 26-28th 2018

Published 17 Feb, 2018 12:00am

Swedish companies decry deportations of skilled workers

Swedish companies decry deportations of skilled workers

The heads of Sweden's largest companies, including clothing giant H&M and telecoms maker Ericsson, denounced Friday deportations of highly-skilled workers as the nation's technology sector suffers a shortage of staff.

Published 17 Feb, 2018 12:00am

IOC apologises as British member sent home

IOC apologises as British member sent home

The IOC apologised and said it expected better of its members after former Winter Olympian Adam Pengilly was sent home for "poor behaviour" following an altercation with a security officer at the Pyeongchang Games. The 40-year-old former skeleton racer fr

Published 17 Feb, 2018 12:00am

Hanyu dazzles, Shiffrin flops on day of Olympic underdog

Hanyu dazzles, Shiffrin flops on day of Olympic underdog

Japan's defending champion Yuzuru Hanyu produced a stunning short programme to lead the men's figure skating as Mikaela Shiffrin's bid to retain her slalom title started with her vomiting and ended in heartbreak at the Pyeongchang Olympics on Friday.

Published 17 Feb, 2018 12:00am

Tongan keeps clothes on, comes 114th in Olympic ski

Tongan keeps clothes on, comes 114th in Olympic ski

Tongan hunk Pita Taufatofua, famous for peeling off and baring his chest at the Olympics, hoped he wouldn't ski into a tree in his Winter Games debut. He also wanted to finish before it got dark in Friday's 15-kilometre freestyle cross-country skiing in P

Published 17 Feb, 2018 12:00am

China fund takes control of Spanish football TV rights giant

China fund takes control of Spanish football TV rights giant

Chinese investment fund Orient Hontai Capital has taken control of Mediapro, best known for owning television rights to the Spanish and Italian football leagues, the Spanish media group said Friday. The fund bought a 53.5 percent stake in Imagina, a holdi

Published 17 Feb, 2018 12:00am

Aussie, kiwi near two-week high

Aussie, kiwi near two-week high

The Australian and New Zealand dollars hovered near two-week highs on Friday, bolstered by stronger commodity prices and a positive outlook for global growth, and as the greenback continued its downward spiral. The Australian dollar held at $0.7939, withi

Published 17 Feb, 2018 12:00am

Sterling rises against euro as May meets Merkel

Currency

Sterling rises against euro as May meets Merkel

The pound fell on Friday against a stronger dollar but rose versus the euro, with traders watching for any positive signs from a visit to Berlin by Prime Minister Theresa May. May is visiting German leader Angela Merkel, hoping to make progress on overcom

Published 17 Feb, 2018 12:00am

Bitcoin rises above $10,000, strategist sees new high by July

Exchange

Bitcoin rises above $10,000, strategist sees new high by July

Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December.

Published 17 Feb, 2018 12:00am

Sri Lankan rupee falls

Currency

Sri Lankan rupee falls

The Sri Lankan rupee edged down on Friday on importer dollar demand, with political uncertainty also weighing on sentiment, dealers said. The rupee ended at 155.10/20 per dollar compared with Thursday's close of 154.90/155.00. "There was a little bit of i

Published 17 Feb, 2018 12:00am

Most Asian markets closed

Currency

Most Asian markets closed

Most Asian currency, stocks and commodity markets including China were closed on Friday for Lunar New Year. Reuters will resume coverage of emerging Asian currency markets from Monday, February 19.

Published 17 Feb, 2018 12:00am

Dollar falls across the board in New York

Exchange

Dollar falls across the board in New York

The dollar fell across the board on Thursday, hitting a fresh 15-month low against the yen late in the session, as negative sentiment about the US currency outweighed a rise in 10-year Treasury yields to their highest levels in four years.

Published 17 Feb, 2018 12:00am

Early trade in New York: dollar ticks up but heads for worst week in nine months

Currency

Early trade in New York: dollar ticks up but heads for worst week in nine months

The dollar limped up from a three-year low against a basket of currencies on Friday but remained on track to record its biggest weekly loss in nine months, as negative sentiment offset any support the greenback could take from higher Treasury yields.

Published 17 Feb, 2018 12:00am

Dollar limps up from three-year low in Europe

Currency

Dollar limps up from three-year low in Europe

The dollar limped up from a three-year low against a basket of currencies on Friday and was headed for its biggest weekly loss in nine months, as negative sentiment offset any support the greenback could take from higher Treasury yields.

Published 17 Feb, 2018 12:00am

Dollar slips broadly in Asia

Currency

Dollar slips broadly in Asia

The dollar slipped to a three-year low against a basket of currencies on Friday, headed for its biggest weekly loss in two years, as bearish factors offset support the US currency could take from rising Treasury yields. Extending overnight losses, the dol

Published 17 Feb, 2018 12:00am

Australian central bank says doesn't see case for near-term rate rise

Australian central bank says doesn't see case for near-term rate rise

The Reserve Bank of Australia (RBA) expects to make only gradual progress in reducing unemployment and having inflation return to its 2-3 percent target band, signalling interest rates will stay at record lows for a while yet. The RBA has held rates at 1.

Published 17 Feb, 2018 12:00am

Steel restructuring lifts ThyssenKrupp profits

Steel restructuring lifts ThyssenKrupp profits

German industrial conglomerate ThyssenKrupp confirmed its forecasts for the full year Wednesday, saying a new strategy for its long-struggling steel business was paying off. The group reported net profits of 78 million euros ($96 million) between October

Published 17 Feb, 2018 12:00am

Long slide in Greek property prices bottoming as recovery sets in

Long slide in Greek property prices bottoming as recovery sets in

A protracted downturn in Greece's residential property market slowed markedly in the final quarter of 2017, central bank data showed on Thursday, with prices beginning to respond to a recovering economy. Property accounts for a large chunk of household we

Published 17 Feb, 2018 12:00am

Russia's Kalashnikov becomes majority private-owned

Russia's Kalashnikov becomes majority private-owned

Private investors have for the first time gained a majority share of Russia's Kalashnikov arms manufacturer, producer of the famed AK-47 assault rifle, the company said Thursday. Russia's state-run holding company Rostec said in a statement it had reduced

Published 17 Feb, 2018 12:00am

French swank watch sales tick up as Chinese tourists return

French swank watch sales tick up as Chinese tourists return

Luxury watch sales in France surged last year as deep-pocketed tourists, notably Chinese, returned after terrorism fears waned, an industry body said Thursday. Sales of watches worth more than 5,000 euros ($6,200) each saw an increase of eight percent in

Published 17 Feb, 2018 12:00am

Sri Lankan stocks edge up on foreign buying

Sri Lankan stocks edge up on foreign buying

Sri Lankan shares hit a one-week closing high on Friday as foreign investor purchases helped overcome negative market sentiment due to political uncertainty, dealers said. The Colombo stock index ended 0.16 percent firmer at 6,563.69, its highest close si

Published 17 Feb, 2018 12:00am

Friday's early trade: stocks on course for sixth day of gains

Friday's early trade: stocks on course for sixth day of gains

US stocks rose on Friday, led by gains in technology and healthcare stocks, putting the main indexes on course for strong weekly gains as they bounced back from a brutal selloff earlier this month. The indexes have closed higher for the last five days all

Published 17 Feb, 2018 12:00am

Wall Street rallies for fifth straight session on tech lift

Exchange

Wall Street rallies for fifth straight session on tech lift

Wall Street surged on Thursday to notch its fifth straight session of gains, led by Apple and other technology stocks as investors shrugged off recent inflation worries that sent the market into a sell-off at the start of the month.

Published 17 Feb, 2018 12:00am

Tokyo stocks up as volatility fears ease

Tokyo stocks up as volatility fears ease

Tokyo stocks closed higher on Friday, extending gains from Wall Street as investors regained confidence and set aside inflation fears that stoked volatility earlier in the month. The benchmark Nikkei 225 index gained 1.19 percent, or 255.27 points, to 21,

Published 17 Feb, 2018 12:00am

Treasury yields drift lower, but uptrend seen intact

Treasury yields drift lower, but uptrend seen intact

US Treasury yields slipped on Thursday after sizable gains in recent sessions, as investors took a breather from selling bonds and readjusted positions to prepare for more inflation-related volatility, a scenario that could take yields even higher.

Published 17 Feb, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 8	280.80
USD PKR Interbank Buying / Apr 8	280.55
USD to Japanese Yen / Apr 8	147.06
USD to Swiss Franc / Apr 8	0.85
Pound Sterling to USD / Apr 8	1.28
Euro to USD / Apr 8	1.10
UK LIBOR % / Apr 7	4.96

Stock	Volume
S&P 500 / Apr 7	5,062.25
Nasdaq / Apr 7	15,603.26
Dow Jones / Apr 7	37,965.60
India Sensex / Apr 8	74,620.92
Tokyo Nikkei / Apr 8	33,012.58
Hang Seng / Apr 8	20,148.82
FTSE 100 / Apr 8	7,842.81
Germany DAX 30 / Apr 8	20,014.81
France CAC40 / Apr 8	6,998.74

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 7	17,085
Gold 10 Grams PKR / Apr 7	281,297.70
Petrol/Litre / Apr 8	254.63
Crude Oil USD/Barrel / Apr 8	61.41
Gold Spot USD/Ounce / Apr 8	3,012.10
Diesel/Litre / Apr 8	258.64
Cotton US¢/pound / Apr 8	65.08

Gainers
Losers
Leaders

Stock	Price
Orient Rental / Apr 8 Orient Rental Mod(ORM)	8.89 ▲ 0.88 (10.99%)
Mandviwala / Apr 8 Mandviwala Mauser Plastic Industries(MWMP)	17.55 ▲ 1.6 (10.03%)
Shakarganj / Apr 8 Shakarganj Limited(SML)	38.70 ▲ 3.52 (10.01%)
Bunnys Limited / Apr 8 Bunnys Limited(BNL)	20.78 ▲ 1.89 (10.01%)
Leiner Pak Gelat / Apr 8 Leiner Pak Gelatine Limited(LPGL)	116.27 ▲ 10.57 (10%)
ZIL Limited / Apr 8 ZIL Limited(ZIL)	222.20 ▲ 20.2 (10%)
S.S.Oil / Apr 8 S.S.Oil Mills Limited(SSOM)	150.24 ▲ 13.66 (10%)
Biafo Ind. / Apr 8 Biafo Industries Limited(BIFO)	179.05 ▲ 16.28 (10%)
Philip Morris Pak. / Apr 8 Philip Morris (Pakistan) Limited(PMPK)	1,188.20 ▲ 108.02 (10%)
PIA Holding Co.B / Apr 8 PIA Holding Company Limited B(PIAHCLB)	1,063.81 ▲ 96.71 (10%)

Stock	Price
Oilboy Energy(R) / Apr 8 Oilboy Energy Limited(R)(OBOYR2)	2.77 ▼ -0.46 (-14.24%)
NBP PGETF / Apr 8 NBP Pakistan Growth Exchange Traded Fund(NBPGETF)	23.28 ▼ -2.9 (-11.08%)
Idrees Tex. / Apr 8 Idrees Textile Mills Limited(IDRT)	19.36 ▼ -2.15 (-10%)
Blue-Ex Ltd / Apr 8 Blue-Ex Limited (GEM)(GEMBLUEX)	54.27 ▼ -6.03 (-10%)
Diamond Ind. / Apr 8 Diamond Industries Limited(DIIL)	32.89 ▼ -3.65 (-9.99%)
I.C.C. Ind. / Apr 8 ICC Industries Limited(ICCI)	11.29 ▼ -1.25 (-9.97%)
Sindh Abadgar / Apr 8 Sindh Abadgar's Sugar Mills Limited(SASML)	52.70 ▼ -5.63 (-9.65%)
Al-Khair Gadoon / Apr 8 Al-Khair Gadoon Limited(AKGL)	41 ▼ -4.1 (-9.09%)
National Silk / Apr 8 The National Silk & Rayon Mills Limited(NSRM)	34 ▼ -3.31 (-8.87%)
Elahi Cot. / Apr 8 Elahi Cotton Mills Limited(ELCM)	118.10 ▼ -10.39 (-8.09%)

Stock	Volume
Cnergyico PK / Apr 8 Cnergyico PK Limited(CNERGY)	120,786,326 ▲ 0.57
WorldCall Telecom / Apr 8 Worldcall Telecom Limited(WTL)	55,274,278 ▲ 0.03
B.O.Punjab / Apr 8 The Bank of Punjab(BOP)	34,156,511 ▲ 0.19
Pak Elektron / Apr 8 Pak Elektron Limited(PAEL)	33,484,190 ▼ -0.12
Maple Leaf Cement / Apr 8 Maple Leaf Cement Factory Limited(MLCF)	33,262,071 ▲ 1.37
Bank Al-Falah / Apr 8 Bank Alfalah Limited(BAFL)	32,588,256 ▲ 1.77
Pak Int.Bulk / Apr 8 Pakistan International Bulk Terminal(PIBTL)	28,028,542 ▲ 0.29
K-Electric Ltd. / Apr 8 K-Electric Limited(KEL)	23,938,102 ▲ 0.11
Sui South Gas / Apr 8 Sui Southern Gas Company Limited(SSGC)	19,784,658 ▲ 0.36
Fauji Cement / Apr 8 Fauji Cement Company Limited(FCCL)	16,903,951 ▲ 1.59

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