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Print - 2018-09-28
Erdogan arrives in Germany under tight security

Erdogan arrives in Germany under tight security

Turkish President Recep Tayyip Erdogan arrived in Germany Thursday for a controversial three-day state visit that both sides hope will help rebuild relations that have been battered in recent years. Ties between the NATO allies plummeted after Erdogan's g
Published 28 Sep, 2018 12:00am
PTI government has no economic vision: Ahsan

PTI government has no economic vision: Ahsan

Pakistan Muslim League-Nawaz (PML-N) leader Ahsan Iqbal on Thursday criticized the Pakistan Tehreek-e-Insaf (PTI) government for increasing tax rates and cutting the development funding in the mini-budget. Speaking on the floor of National Assembly, he sa
Published 28 Sep, 2018 12:00am
Islamic Banking Institutions' CEOs meet Umar

Islamic Banking Institutions' CEOs meet Umar

A delegation of Chief Executive Officers of Islamic Banking Institutions called on Federal Minister for Finance, Revenue and Economic Affairs, Asad Umar here at the Ministry of Finance. Secretary Ministry of Finance Arif Ahmed Khan was also present on the
Published 28 Sep, 2018 12:00am
Maleeka Ali appointed BISP chairperson

Maleeka Ali appointed BISP chairperson

President Dr Arif Alvi has appointed Maleeka Ali Bukhari as chairperson Benazir Income Support Programme (BISP) on the advice of the Prime Minister. A copy of the notification available with Business Recorder says: "Maleeka Ali Bukhari is appointed
Published 28 Sep, 2018 12:00am
Sindh Assembly sees another squabbling session

Sindh Assembly sees another squabbling session

Instead of focussing on the budget for remaining months of the fiscal year 2018-19, legislators belonging to the ruling and the opposition parties continued war of words against one another at Sindh Assembly on Thursday.
Published 28 Sep, 2018 12:00am
Shell Technology Leadership Conference held

Shell Technology Leadership Conference held

Shell Pakistan Limited held the Shell Technology Leadership Conference (STLC) here on Thursday, showcasing solutions in lubricants, fuel, and technological advancements in the energy industry. Around 200 of Shell Pakistan's Lubricants Business-to-Business
Published 28 Sep, 2018 12:00am
Condolence

Condolence

Sarmad Ali, Secretary General of All Pakistan Newspapers Society has expressed profound grief on behalf of APNS office-bearers and members of the Executive Committee over the sad demise of Ghulam Ali Merchant, father of Raihan Ali Merchant, CEO, Brainchil
Published 28 Sep, 2018 12:00am
Sanofi & Drap partner for patients' safety

Sanofi & Drap partner for patients' safety

Sanofi in collaboration with the Drug Regulatory Authority of Pakistan (DRAP) conducted a one day workshop on "Pharmacovigilance: Monitoring Product Safety to Protect Patients". WHO (World Health Organization) defines Pharmacovigilance as "The science and
Published 28 Sep, 2018 12:00am
Government urged to take capacity-building steps for women

Government urged to take capacity-building steps for women

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has said that the government needs to take measures for capacity-building of women with the help of 15 women chambers of commerce keeping in view several changes because o
Published 28 Sep, 2018 12:00am
Oil & gas sector: Umar invites Kuwaiti businessmen to invest in CPEC

Oil & gas sector: Umar invites Kuwaiti businessmen to invest in CPEC

Minster for Finance Asad Umar Thursday invited the Kuwaiti businessmen to explore investment opportunities in Pakistan's oil and gas sector and projects under China-Pakistan Economic Corridor (CPEC). He said the Kuwaiti companies could help Pakistan in ex
Published 28 Sep, 2018 12:00am
Forex reserves down $269 million

Forex reserves down $269 million

The country's liquid foreign exchange reserves further declined by $269 million in a week due to external debt servicing. According to weekly report issued by the State Bank of Pakistan (SBP) Thursday, Pakistan's total liquid foreign exchange reserves sto
Published 28 Sep, 2018 12:00am
Improved L&O helps Karachi in attracting foreign investment: adviser

Improved L&O helps Karachi in attracting foreign investment: adviser

Adviser to Chief Minister Sindh on Information, Anti-Corruption and Law, Barrister Murtaza Wahab Thursday said that Karachi has become the focus of foreign investments, which was a positive sign. Addressing a conference on 'Bridging the Gap between Tradit
Published 28 Sep, 2018 12:00am
Raheel elected NBFI & Modaraba Association's chief

Raheel elected NBFI & Modaraba Association's chief

Raheel Q. Ahmed, Chief Executive of Orix Modaraba has been elected as chairman of NBFI & Modaraba Association of Pakistan for the year 2018-19. In accordance with the DGTO Rules, 2013 NBFI & Modaraba Association of Pakistan conducted elections during annu
Published 28 Sep, 2018 12:00am
Raheel elected NBFI & Modaraba Association's chief

Raheel elected NBFI & Modaraba Association's chief

Raheel Q. Ahmed, Chief Executive of Orix Modaraba has been elected as chairman of NBFI & Modaraba Association of Pakistan for the year 2018-19. In accordance with the DGTO Rules, 2013 NBFI & Modaraba Association of Pakistan conducted elections during annu
Published 28 Sep, 2018 12:00am
Tariq Haleem elected PSAA chairman

Tariq Haleem elected PSAA chairman

Tariq Haleem has been elected unopposed as chairman of Pakistan Ship's Agents Association (PSAA) for the year 2018-19. He is also Vice President of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and Vice President of Pakistan Stevedores Co
Published 28 Sep, 2018 12:00am
Danish elected KATI president

Danish elected KATI president

Mohammad Danish Khan, Faraz-ur-Rehman and Maheen Salman have been elected unopposed President, Senior Vice President and Vice President of Korangi Association of Trade and Industry (KATI) respectively for the year 2018-19.
Published 28 Sep, 2018 12:00am
KCCI urges government to extend date for filing IT returns

KCCI urges government to extend date for filing IT returns

President of Karachi Chamber of Commerce and Industry Muffasar Atta Malik has urged Federal Minister for Finance, Economic Affairs and Revenue, Asad Umer, and Chairman Federal Board of Revenue (FBR) Muhammad Jahanzeb Khan to extend the last date for filin
Published 28 Sep, 2018 12:00am
Bid to smuggle heroin to UK foiled

Bid to smuggle heroin to UK foiled

Model Customs Collectorate (MCC), Preventive on Thursday claimed to have foiled an attempt to smuggle substantial quantity of heroin to United Kingdom. According to customs officials, the action was taken on a tip-off, which revealed the heroin smuggling
Published 28 Sep, 2018 12:00am
Hospital looted in Karachi

Hospital looted in Karachi

Thieves in the city have not even spared medical facilities, as one situated in Joharabad was looted by seven robbers Thursday morning. According to the hospital administration, robbers entered the hospital and held the staff hostage. They also snatched t
Published 28 Sep, 2018 12:00am
Partly Facetious: Bilawal's speech

Partly Facetious: Bilawal's speech

"What did you think of Bilawal Bhutto Zardari's speech at the death anniversary of Nawabzadah Nasrullah Khan?"
Published 28 Sep, 2018 12:00am
Descon Oxychem conducts workshops

Descon Oxychem conducts workshops

Descon Oxychem Limited organized customer success workshops (CSWs) in different cities of the country which were attended by representatives of multiple industries, most prominently textile but also including food &cosmetics.
Published 28 Sep, 2018 12:00am
Qureshi stresses need for more better ties with UK

Qureshi stresses need for more better ties with UK

Foreign Minister, Shah Mehmood Qureshi has stressed for more betterment in bilateral ties with the UK. FM met his British Counterpart Jeremy Hunt in New York on the sidelines of 73rd session of the UNGA. FM stressed to enhance cooperation in political, se
Published 28 Sep, 2018 12:00am
APTMA interim chief accused of flouting court order

APTMA interim chief accused of flouting court order

All Pakistan Textile Mills Association (APTMA) Thursday plunged into severe internal differences as Khyber Pakhtunkhwa region has accused the caretaker Chairman, Aamir Fayyaz for convening the Saturday (September 29, 2018) Annual General Meeting (AGM) in
Published 28 Sep, 2018 12:00am
Model Town massacre: PAT chief to challenge LHC decision in SC

Model Town massacre: PAT chief to challenge LHC decision in SC

Pakistan Awami Tehreek Chief Dr Tahir Ul Qadri has said that many questions relating to the Model Town massacre will remain unanswered unless main accused of the offence are not summoned by the court. Addressing to a press conference on Thursday, he said
Published 28 Sep, 2018 12:00am
Total number of registered voters reaches over 106 million: ECP

Total number of registered voters reaches over 106 million: ECP

Election Commission of Pakistan said on Thursday that total registered voters in the country have reached the figure of 106,000,239 with 59,243,889 male (55.89 percent) and 46,756,350 female (44.11 percent) voters. The statistics of new amended electoral
Published 28 Sep, 2018 12:00am
Hydro power project: Chitralis demand power supply

Hydro power project: Chitralis demand power supply

Representatives of several villages in Arandu area of Chitral district have demanded power supply to their localities from the 108- megawatt GolenGol Hydropower Project to facilitate people and overcome the massive deforestation. Speaking at a press confe
Published 28 Sep, 2018 12:00am
Futures broker: SECP nod mandatory for acquiring TREC of PMEX

Futures broker: SECP nod mandatory for acquiring TREC of PMEX

Any person desirous of undertaking futures broker activity shall, before obtaining Trading Right Entitlement Certificate (TREC) of Pakistan Mercantile Exchange Limited (PMEX) would be required to obtain prior-permission from the Securities and Exchange Co
Published 28 Sep, 2018 12:00am
Experts call for ensuring efficient food distribution system

Experts call for ensuring efficient food distribution system

The sustainable food system can be achieved in Pakistan through a multi-prone strategy by introducing technologies like biotech crops, efficient food distribution and drought tolerance in agriculture system. Experts told Business Recorder here on T
Published 28 Sep, 2018 12:00am
Energy crisis Ghani seeks experts help

Energy crisis Ghani seeks experts help

Speaker KP Assembly Mushtaq Ahmed Ghani urged the experts to play their due role in resolving energy crisis. He stated this during his visit to the US-Pakistan Center for Advanced Studies in Energy (USPCAS-E), a joint programme between UET Peshawar, NUST
Published 28 Sep, 2018 12:00am
UNCTAD report: Government may turn to IMF for big loan
Currency

UNCTAD report: Government may turn to IMF for big loan

Expectations are that the new government has no choice but to turn to the IMF for a large loan, which would require adopting austerity measures that are likely to affect growth adversely. Over the medium term, much will depend on whether large infrastruct
Published 28 Sep, 2018 12:00am
Bilwani elected PHMA chairman

Bilwani elected PHMA chairman

Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has elected Muhammad Jawed Bilwani as its central chairman for the term 2018-2019, unopposed, pledging to continue efforts for the industry's growth. At the annual general meeting held on Septe
Published 28 Sep, 2018 12:00am
SC seeks record of forest land's leaseholders

SC seeks record of forest land's leaseholders

The Supreme Court on Thursday directed chief conservator of forests Sindh to provide a list of leases who have been granted the forest land in the last 20 years within two weeks. The court also ordered him to submit the names of the lessees. It issued not
Published 28 Sep, 2018 12:00am
Mehkari elected Reap chairman

Mehkari elected Reap chairman

Safder Hussain Mehkari has been elected unopposed Chairman Rice Exporters Association of Pakistan (Reap) for 2018-19. The official results will be announced in the annual general meeting of the association to be held in Lahore Friday (today). Mehkari is a
Published 28 Sep, 2018 12:00am
Rs 5 million fine imposed on KE

Rs 5 million fine imposed on KE

National Electric Power Regulatory Authority (Nepra) has imposed a fine of Rs 5 million on K-Electric Limited on account of its failure to provide reliable power supply to consumers of Karachi on a non-discriminatory basis. According to Nepra, pursuant to
Published 28 Sep, 2018 12:00am
Sufi elected PVMA chairman

Sufi elected PVMA chairman

Tariq Ullah Sufi has been elected Chairman Pakistan Vanaspati Manufacturers Association (PVMA) for the year 2018-19. Raja Muhammad Farooq and Sheikh Umer Rehan were also unanimously elected Senior Vice Chairman and Vice Chairman respectively. Khawaja Arif
Published 28 Sep, 2018 12:00am
Fawad apologises to opposition over 'derogatory remarks'

Fawad apologises to opposition over 'derogatory remarks'

Federal Minister for Information and Broadcasting, Fawad Chaudhry Thursday apologized to members of opposition after they staged a walkout from the National Assembly session in protest over his 'derogatory remarks.' Dr Nafisa Shah of Pakistan Peoples Part
Published 28 Sep, 2018 12:00am
Three MoUs inked for grant projects in AJK, KP: Umar meets Saudi team

Three MoUs inked for grant projects in AJK, KP: Umar meets Saudi team

Finance Minister Asad Umar held a meeting with a Saudi delegation led by Ahmad Agil F Al-Khateeb, Chairman, Saudi Fund for Development (SFD) and Adviser to the Crown Prince, at Ministry of Finance. Al-Khateeb was heading a six-member Saudi delegation that
Published 28 Sep, 2018 12:00am
APMPEA demands incentives to boost halal food exports

APMPEA demands incentives to boost halal food exports

All Pakistan Meat Processors & Exporters Association (APMPEA) has urged the government to treat this industry on par with other export sectors by extending all incentives being given to others, especially textile sector. "Despite having an export of over
Published 28 Sep, 2018 12:00am
APCNGA rejects hike in gas tariff

APCNGA rejects hike in gas tariff

The All Pakistan CNG Association (APCNGA) on Thursday rejected 40 percent hike in the tariff of gas terming it the final nail in the coffin on troubled CNG industry. "The closure of CNG industry will waste Rs 450 billion investment and leave many jobless,
Published 28 Sep, 2018 12:00am
Karandaaz highlights valuable insights on consumer segmentation

Karandaaz highlights valuable insights on consumer segmentation

Karandaaz Pakistan, a key proponent of financial inclusion in the country has shared the findings of its study on consumer segmentation. The customer segmentation report, funded by the Bill & Melinda Gates Foundation (BMGF), was based on an exhaustive stu
Published 28 Sep, 2018 12:00am
Finland envoy for enhancing bilateral trade

Finland envoy for enhancing bilateral trade

The ambassador of Finland, Harri Kamarainen has urged the private sectors of Pakistan to play their role to enhance bilateral trade between the two countries. He said this while speaking at the Lahore Chamber of Commerce & Industry on Thursday. The LCCI S
Published 28 Sep, 2018 12:00am
Rizwan elected APTPMA chairman

Rizwan elected APTPMA chairman

Unofficial result of All Pakistan Textile Processing Mills Association (APTPMA) for the year 2018-2019 is hereby announced. Rizwan Ashraf M/s M.A Textile Industry (Pvt) Ltd. Faisalabad, elected unopposed as Chairman APTPMA, while Maqsood Ahmed Butt M/s Ar
Published 28 Sep, 2018 12:00am
Governor's wife initiates 'Green Heritage Programme'

Governor's wife initiates 'Green Heritage Programme'

The wife of Punjab Governor, Perveen Sarwar, has initiated 'Green Heritage Programme' in a bid to further beautify heritage of the province. On Thursday, she visited the tomb of Jehangir and planted a plant there under the banner of Sarwar Foundation. She
Published 28 Sep, 2018 12:00am
World Bank's cooperation with Punjab government to continue: official

World Bank's cooperation with Punjab government to continue: official

Country Director of World Bank's South Asian Region Patchamuthu Illangovan in a meeting with the Punjab Chief Minister Sardar Usman Buzdar, here on Thursday, said that World Bank will continue every possible cooperation with the Punjab government. "The pr
Published 28 Sep, 2018 12:00am
Minister vows to resolve poultry sector's issues

Minister vows to resolve poultry sector's issues

Minister Livestock & Dairy Development Sardar Husnain Bahadar Dareshak on Thursday assured the poultry sector that the government is fully alive to the problems and issues faced by this sector and expressed his commitment to resolve them. "Our government
Published 28 Sep, 2018 12:00am
Belarus for expanding ties in agriculture, textile sectors

Belarus for expanding ties in agriculture, textile sectors

Belarusian ambassador Andrei Ermolovich in a meeting with the Punjab chief minister Sardar Usman Buzdar, here Thursday said that his government is desirous to further expand the existing cooperation with Pakistan particularly in agriculture and textile se
Published 28 Sep, 2018 12:00am
Drugs worth Rs 1.06 billion seized

Drugs worth Rs 1.06 billion seized

In continuation of execution of its zero-tolerance against narcotics, the Anti Narcotics Force seized 447.51kg narcotics valuing Rs 1.06 billion internationally, arrested 43 persons including three foreigners involved in drug smuggling and impounded 14 ve
Published 28 Sep, 2018 12:00am
LHC moved against Ministry of Narcotics Control

LHC moved against Ministry of Narcotics Control

A citizen Sheikh Asim Farooq has approached the Lahore High Court against the Ministry of Narcotics Control for not implementing National Anti Narcotics Policy 2010 in letter and spirit. The petitioner contended that as per United Nations Office on Drugs
Published 28 Sep, 2018 12:00am
No compromise on quality of medicines: minister

No compromise on quality of medicines: minister

The Punjab health minister Dr Yasmin Rashid has directed all public sector health facilities to ensure sufficient drugs stock, particularly at emergencies. While chairing a meeting, here at Primary and Secondary Healthcare Department on Thursday, she said
Published 28 Sep, 2018 12:00am
Proposal for reforms in insurance sector

Proposal for reforms in insurance sector

The purpose of writing this article is to outline the reforms required in the Insurance sector in Pakistan and analyse the Role of Insurance Regulatory authority in the Development of Insurance Sector in Pakistan i.e. the Securities & Exchange Commission
Published 28 Sep, 2018 12:00am
US MIDDAY: gold tumbles

US MIDDAY: gold tumbles

Gold prices fell 1 percent on Thursday and broke below their recent trading range around $1,190-$1,210 an ounce after the US dollar surged, making bullion more expensive for buyers using other currencies. The greenback was on track for its biggest one-day
Published 28 Sep, 2018 12:00am
US MIDDAY: corn climbs

US MIDDAY: corn climbs

US corn futures touched their highest prices in more than a month on Thursday on strong export demand, while soyabean futures rose for a third consecutive session in a rebound from recent losses. Wheat futures bucked the firmer trend and set a one-week lo
Published 28 Sep, 2018 12:00am
Gold falls in Europe

Gold falls in Europe

Gold prices fell on Thursday and broke below their recent trading range around $1,190-$1,210 an ounce after the US dollar surged, making bullion more expensive for buyers using other currencies. The dollar was on track for its biggest one-day gain in more
Published 28 Sep, 2018 12:00am
Gold inches up in Asia

Gold inches up in Asia

Gold prices edged higher on Thursday as investors largely discounted a US interest rate hike, but gains were limited as the dollar rose following reports of a row in Italy's new government. Spot gold was up 0.1 percent at $1,195.61 an ounce as of 0815 GMT
Published 28 Sep, 2018 12:00am
Gold holds losses in New York

Gold holds losses in New York

Gold prices held onto earlier losses on Wednesday as the US dollar trimmed gains after the Federal Reserve raised US interest rates as expected and forecast three more years of economic growth. In a statement that marked the end of the era of "accommodati
Published 28 Sep, 2018 12:00am
Raw sugar sets 10-year low on prospect of India exports
Currency

Raw sugar sets 10-year low on prospect of India exports

Raw sugar futures on ICE dipped to a 10-year low on Thursday on the prospect of higher exports from India, while New York cocoa fell to a one-month low ahead of the main harvest season in West Africa. March raw sugar was unchanged to settle at 10.91 cents
Published 28 Sep, 2018 12:00am
IGC raises forecasts for corn, wheat crops

IGC raises forecasts for corn, wheat crops

The International Grains Council on Thursday raised its forecast for world corn (maize) production in the 2018/19 season by 10 million tonnes to 1.074 billion tonnes, driven by improved crop outlooks in the United States, the European Union and Ukraine. T
Published 28 Sep, 2018 12:00am
Malaysian palm falls
Vegetable Oil

Malaysian palm falls

Malaysian palm oil futures fell over 1 percent on Thursday after three consecutive sessions of gains, on expectations of rising inventory levels and technical selling. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives
Published 28 Sep, 2018 12:00am
Tokyo rubber slides

Tokyo rubber slides

Benchmark Tokyo rubber futures slid to a one-week-low on Thursday, tracking losses in Shanghai futures as investors squared positions ahead of China's week-long holiday and amid concerns over trade conflicts worldwide. The Tokyo Commodity Exchange (TOCOM)
Published 28 Sep, 2018 12:00am
Oil rises as investors fret over Iranian supply gaps

Oil rises as investors fret over Iranian supply gaps

Oil edged higher on Thursday, driven by the prospect of a shortfall in global supply once US sanctions against major crude exporter Iran come into force in five weeks. US President Donald Trump this week demanded that the Organization of the Petroleum Exp
Published 28 Sep, 2018 12:00am
Abbas rejects 'biased' US as sole Middle East mediator

Abbas rejects 'biased' US as sole Middle East mediator

Palestinian leader Mahmud Abbas tore into the Trump administration Thursday, refusing to accept the United States as the sole mediator in the Middle East conflict, a day after Donald Trump promised a "very fair" peace plan. The 82-year-old Palestinian Aut
Published 28 Sep, 2018 12:00am
Israeli PM lashes Iran, claims secret atomic warehouse

Israeli PM lashes Iran, claims secret atomic warehouse

Israel's prime minister on Thursday accused arch-enemy Tehran of harboring a secret atomic warehouse, making deft use of ample props and vowing that his country would never let Iran develop nuclear weapons. Iran "hasn't abandoned its goal to develop nucle
Published 28 Sep, 2018 12:00am
US F-35 fighters fly first ever combat mission

US F-35 fighters fly first ever combat mission

American F-35 stealth fighters have been used in a combat operation for the first time, a defense official said, marking a major milestone for the most expensive plane in history. Thursday's mission took place against Taliban targets in Afghanistan's Kand
Published 28 Sep, 2018 12:00am
China slams US B-52s fly over disputed seas as 'provocative'

China slams US B-52s fly over disputed seas as 'provocative'

The Chinese defence ministry on Thursday denounced flyovers by US B-52 bombers over the South China Sea and East China Sea as "provocative" actions amid soaring tensions between the two global powers. The Pentagon said Wednesday the heavy bombers had take
Published 28 Sep, 2018 12:00am
Hundreds protest at UK court for far-right activist Robinson

Hundreds protest at UK court for far-right activist Robinson

Hundreds of supporters of British far-right figurehead Tommy Robinson brought a London street to a close on Thursday protesting his contempt of court case, which was later adjourned. Around 50 counter-demonstrators chanted "Nazi scum, off our streets", as
Published 28 Sep, 2018 12:00am
Scores freed from militia-run Libya prison decried by UN

Scores freed from militia-run Libya prison decried by UN

Libya's internationally recognised government on Thursday announced the release of 83 prisoners from a jail where the United Nations has documented torture and summary executions. The prison at the Mitiga airbase, one of the biggest detention facilities i
Published 28 Sep, 2018 12:00am
Vietnam's hardline president laid to rest

Vietnam's hardline president laid to rest

Vietnamese president Tran Dai Quang, a lifelong communist stalwart with a reputation as a hardliner, was buried in his home village Thursday in a ceremony blessed by monks, as relatives and leaders bid him a final farewell. Quang died on Friday aged 61 af
Published 28 Sep, 2018 12:00am
Moscow dismisses report claiming to identify of Skripal Suspect

Moscow dismisses report claiming to identify of Skripal Suspect

Moscow has scoffed at a report by a respected investigative group claiming that one of the suspects in the poisoning of ex-spy Sergei Skripal was a highly decorated colonel in Russian military intelligence. Bellingcat, the British based investigative grou
Published 28 Sep, 2018 12:00am
UN asks Venezuela to accept humanitarian aid

UN asks Venezuela to accept humanitarian aid

The UN Human Rights Council on Thursday voted through a resolution urging the government of crisis-hit Venezuela to "accept humanitarian assistance" to alleviate the country's "scarcity" of food and medicines. The decision marked the first time in the his
Published 28 Sep, 2018 12:00am
Message from Governor-Punjab

Message from Governor-Punjab

I congratulate Pakistan Stock Exchange and South Asian Federation of Exchanges (SAFE) for holding the Pakistan IPO Summit 2018. I am particularly delighted to see us gathered under one roof to strategize on ways to witness an upturn in the IPO listings at
Published 28 Sep, 2018 12:00am
Euro reverses gains in Europe
Currency

Euro reverses gains in Europe

The euro fell on Thursday on media reports that an Italian budget meeting was likely to be delayed, spooking traders concerned that the ruling parties will push for a bigger deficit target in the euro zone's third-largest economy. Political wrangling over
Published 28 Sep, 2018 12:00am
Euro slips in Asia

Euro slips in Asia

The euro slipped to a one-week low on Thursday, unsettled by reports of a row in Italy's new government as it prepares to present its first budget targets. Italian daily La Stampa said Economy Minister Giovanni Tria "was ready to leave," before a spokeswo
Published 28 Sep, 2018 12:00am
Turkish lira firms

Turkish lira firms

Turkey's lira strengthened 2 percent on Thursday, touching its firmest level in a month, on growing optimism about a rapprochement with the United States and after local lender Akbank said it had secured a critical syndicated loan. The lira's rare advance
Published 28 Sep, 2018 12:00am
Nigeria adopts softer tone on MTN

Nigeria adopts softer tone on MTN

Nigeria appears to have taken a softer stance on Africa's leading mobile operator MTN, assuring stakeholders that a dispute over the repatriation of $8.13 billion in dividends will be "resolved". Talking to reporters in Abuja following a monetary policy c
Published 28 Sep, 2018 12:00am
Airlines angry over 'risky' Brexit deadlock

Airlines angry over 'risky' Brexit deadlock

The impasse between Britain and the EU in Brexit negotiations is "crazy" and "risky" for airlines with time running out to ensure cross-Channel flights can continue unimpeded, the world's airline body has warned. The International Air Transport Associatio
Published 28 Sep, 2018 12:00am
Taiwan leaves policy rate unchanged as trade risks loom

Taiwan leaves policy rate unchanged as trade risks loom

Taiwan's central bank left its policy rate unchanged on Thursday, amid worries that global trade frictions could hurt the export-reliant economy. As expected, the central bank's latest policy review kept the discount rate at 1.375 percent, where it has st
Published 28 Sep, 2018 12:00am
Philippines keeps up rapid-fire rate hikes

Philippines keeps up rapid-fire rate hikes

The Philippine central bank raised its benchmark interest rates for the fourth time in five months on Thursday, pushing them to seven-year highs, and kept the door open for further tightening as it battles to cool inflation. With prices rising at the fast
Published 28 Sep, 2018 12:00am
Pakistan drop struggling Amir from Australia Tests

Pakistan drop struggling Amir from Australia Tests

Pakistan on Thursday left out struggling pace spearhead Mohammad Amir from the 17-member squad for the two-match Test series against Australia starting in United Arab Emirates next month. The 26-year-old fast bowler, who returned from a five-year ban for
Published 28 Sep, 2018 12:00am
Australia name two Test vice-captains for first time

Australia name two Test vice-captains for first time

Australia have for the first time named two Test cricket vice-captains - all-rounder Mitchell Marsh and fast bowler Josh Hazlewood - as they look to move on from a major cheating scandal. The pair were chosen to back up captain Tim Paine via an unpreceden
Published 28 Sep, 2018 12:00am
Wang demolishes Olympic champ Puig

Wang demolishes Olympic champ Puig

Rising star Wang Qiang demolished Olympic champion Monica Puig 6-3, 6-1 at the Wuhan Open in China on Thursday, cruising into the semi-finals to the delight of the home crowd. The impressive victory was the 14th on the trot on home soil for Wang, who has
Published 28 Sep, 2018 12:00am
We've built it, fans will come, say Qatar world athletics chiefs

We've built it, fans will come, say Qatar world athletics chiefs

Fans will "definitely" flock to next year's world championships in Qatar, the vice-president of the International Association of Athletics Federations insisted on Thursday, exactly one year ahead of track and field's biennial showpiece.
Published 28 Sep, 2018 12:00am
Afridi disappointed over team's ouster in Asia Cup

Afridi disappointed over team's ouster in Asia Cup

Former skipper of Pakistan cricket team Shahid Afridi has expressed his disappointment over ouster of green shirts from Asia Cup. Afridi took to Twitter and said: "Congratulations Bangladesh. Disappointed by Pakistani team's overall performance. Lacked at
Published 28 Sep, 2018 12:00am
CNS Open Golf: Navy's golfer Ansar makes history

CNS Open Golf: Navy's golfer Ansar makes history

Pakistan Navy's golfer Ansar Mehmood made history by scoring hole in one during first day of 23rd CNS Open Golf Championship 2018, which is underway here on Thursday. Moreover, Shabbir Iqbal, Waheed Baloch, Muhammad Ashfaq and Rofin Shamim are on top of t
Published 28 Sep, 2018 12:00am
Ronaldo gets one-game Champions League ban

Ronaldo gets one-game Champions League ban

Cristiano Ronaldo will be able to face his old club Manchester United in the Champions League next month after UEFA handed the Juventus forward a one-game ban on Thursday. The Portuguese superstar was sent off in the first half of Juve's 2-0 win away to V
Published 28 Sep, 2018 12:00am
No Tamim, no Shakib, no problem as Bangladesh look to shock India

No Tamim, no Shakib, no problem as Bangladesh look to shock India

Bangladesh captain Mashrafe Mortaza called on his players to ignore the absence of veteran stars Tamim Iqbal and Shakib al Hasan when they face defending champions India in Friday's Asia Cup final. Bangladesh upset Pakistan by 37 runs in the last Super Fo
Published 28 Sep, 2018 12:00am
VAR to be used in Champions League from next season and at Euro 2020

VAR to be used in Champions League from next season and at Euro 2020

Video Assistant Referees will be used in the Champions League from the 2019-20 season and will also be introduced at the 2020 European Championship, UEFA said on Thursday. European football's governing body revealed a decision had been taken at a meeting
Published 28 Sep, 2018 12:00am
Germany beat Turkey for right to host Euro Championship 2024

Germany beat Turkey for right to host Euro Championship 2024

Germany on Thursday won the race to host the 2024 European Championship as UEFA backed a bid seen as safer than a rival proposal from Turkey. Politics, national unity and respect for human rights in Turkey emerged as key themes in the campaign to host Eur
Published 28 Sep, 2018 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 28 Sep, 2018 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (September 27, 2018).

Published 28 Sep, 2018 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 28 Sep, 2018 12:00am
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