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Print - 2018-10-26
Svitolina, Pliskova storm into WTA Finals semis

Svitolina, Pliskova storm into WTA Finals semis

A gutsy Elina Svitolina willed herself to the semi-finals after overcoming Caroline Wozniacki in a gruelling three-set match, knocking the defending champion out of the WTA Finals in Singapore. The unbeaten Ukrainian outlasted Wozniacki 5-7, 7-5, 6-3 in t
Published 26 Oct, 2018 12:00am
FCW, City Girls Gulbahar in Inter-College Netball final

FCW, City Girls Gulbahar in Inter-College Netball final

Frontier College for Women (FCW) and City Girls Gulbahar took berth into the final after securing victories in the semi-finals against their respective rivals in the ongoing Higher Education Department KP Inter-College Girls Netball Championship played at
Published 26 Oct, 2018 12:00am
Players likely to get NOCs for T10 League

Players likely to get NOCs for T10 League

The Pakistan Cricket Board (PCB) has decided to issue NOCs to some of its players for the T-10 League scheduled to take place in November/December 2018. The decision has been taken after due diligence was carried out by the PCB in which the Board procured
Published 26 Oct, 2018 12:00am
Cricket Australia reappoints chairman ahead of ball-tamper findings

Cricket Australia reappoints chairman ahead of ball-tamper findings

Cricket Australia reappointed its controversial chairman David Peever Thursday, before the release of two reviews prompted by a ball-tampering scandal that sullied the sport's reputation during his tenure. Peever, a polarising figure criticised for his ha
Published 26 Oct, 2018 12:00am
Women Volleyball Championship: WAPDA, Army winning spree continue

Women Volleyball Championship: WAPDA, Army winning spree continue

The winning spree of both Pakistan WAPDA and Army continued on the second day of the ongoing 14th National Women Volleyball Championship being played at PSB Coaching Center here Thursday. Strong WAPDA, having services of some veteran players, recorded vic
Published 26 Oct, 2018 12:00am
Millat Tractors Governor's Cup Golf begins

Millat Tractors Governor's Cup Golf begins

The three-day prestigious 35th Millat Tractors Governor's Cup Golf Tournament begins at Lahore Gymkhana Course with 66 bunkers, 6 water hazards and out of bound 18 holes and par 72 layout, here on Thursday. 276 men amateurs, seniors, veterans, ladies and
Published 26 Oct, 2018 12:00am
Bravo announces retirement

Bravo announces retirement

West Indies all-rounder Dwayne Bravo announced his retirement from international cricket on Thursday. The 35-year-old Trinidadian, who made his West Indies debut in 2004, played 40 tests, 164 one-day internationals and 66 T20 internationals. His last appe
Published 26 Oct, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,598. The traded value of Metals, Energy and COTS/FX was recorded at 15.286 billion and the number of lots traded 26,282.
Published 26 Oct, 2018 12:00am
CBOT corn futures down

CBOT corn futures down

Chicago Board of Trade corn futures fell on Wednesday due to pressure from the wheat market, but the drop in prices was held somewhat in check by underlying support from weekly ethanol data that showed tightening stocks and an uptick in production of the
Published 26 Oct, 2018 12:00am
CBOT soyabean futures drop

CBOT soyabean futures drop

Chicago Board of Trade soyabean contracts ended Wednesday on a negative note, as US harvest pressures continued to weigh on the market and soyameal futures weakened, traders said. CBOT November soyabeans, the most-active contract, settled down 7-1/4 cents
Published 26 Oct, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 94,190 tonnes of cargo comprising 52,552 tonnes of import cargo and 41,638 tonnes of export cargo including 3,761 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of 52
Published 26 Oct, 2018 12:00am
Traders still in grip of uncertainties
Cotton

Traders still in grip of uncertainties

As a result of continued fall in the dollar's value against the rupee, the traders are still in grip of uncertainties on the cotton market on Thursday, dealers said. The official spot rate was down by Rs 100 to Rs 8,750, they added. Prices of seed cotton
Published 26 Oct, 2018 12:00am
CBOT wheat futures fall on export worries

CBOT wheat futures fall on export worries

Chicago Board of Trade wheat futures closed below $5 a bushel on Wednesday, the first time in nearly six weeks, amid technical selling and concern about dwindling US export demand, traders said. Traders said wheat contracts were also pressured by the US d
Published 26 Oct, 2018 12:00am
Distinctly bearish sentiment on cotton market
Cotton

Distinctly bearish sentiment on cotton market

Generally speaking the conditions on the cotton market appeared distinctly bearish on Thursday. Since the past three days, cotton prices have reportedly gone down by Rs.200 to Rs.300 per maund (37.32 Kgs) in a mostly tepid market. After a receipt of assur
Published 26 Oct, 2018 12:00am
Distinctly bearish sentiment on cotton market
Cotton

Distinctly bearish sentiment on cotton market

Generally speaking the conditions on the cotton market appeared distinctly bearish on Thursday. Since the past three days, cotton prices have reportedly gone down by Rs.200 to Rs.300 per maund (37.32 Kgs) in a mostly tepid market. After a receipt of assur
Published 26 Oct, 2018 12:00am
Poland opts for LNG from US to ease dependence on Russia

Poland opts for LNG from US to ease dependence on Russia

Poland's state-run gas firm PGNiG said on Wednesday that it had sealed an unprecedented 20-year deal for liquefied natural gas (LNG) deliveries from the United States in a bid to ease its heavy dependence on Russian supplies.
Published 26 Oct, 2018 12:00am
UK automation picks up as flow of European workers slows ahead of Brexit

UK automation picks up as flow of European workers slows ahead of Brexit

At Muller Precision Engineering's plant in Redditch, south of Birmingham, James Gibbs is in charge of three clattering pieces of machinery older than he is. His two co-workers - one Polish, the other Hungarian - place semi-finished metal parts on plastic
Published 26 Oct, 2018 12:00am
BT appoints new chief

BT appoints new chief

BT, the British telecoms and television broadcasting company, said Thursday that it had chosen the co-head of British payments processing company Worldpay to be its new chief executive. Philip Jansen will from February replace Gavin Patterson, who earlier
Published 26 Oct, 2018 12:00am
Daimler profits hit by diesel scandal

Daimler profits hit by diesel scandal

German car giant Daimler reported Thursday a slump in third-quarter profits, confirming a weaker 2018 outlook as it suffered lower sales and shouldered costs for refits to polluting diesel cars. Net profit at the Mercedes-Benz maker shed 21 percent year-o
Published 26 Oct, 2018 12:00am
China banks' net FX sales hit 15-month high

China banks' net FX sales hit 15-month high

Net foreign exchanges sales by China's commercial banks rose to their highest in 15 months in September, signalling increased capital outflows as the yuan falls in a slowing economy pressured by a bitter trade war with the United States. China's commercia
Published 26 Oct, 2018 12:00am
Microsoft quarterly profit soars on cloud services

Microsoft quarterly profit soars on cloud services

Microsoft on Wednesday said its profit in the recently ended quarter soared on the back of revenue from services hosted in the internet cloud and its career-focused social network LinkedIn. The Redmond, Washington based technology giant reported net incom
Published 26 Oct, 2018 12:00am
Nokia reduces Q3 losses and launches new savings drive

Nokia reduces Q3 losses and launches new savings drive

Finnish telecoms equipment maker Nokia reported a reduction in its third-quarter losses of almost 57 percent on Thursday, as it launched a cost-savings programme in a bid to restore profitability. The company announced a net loss of 79 million euros betwe
Published 26 Oct, 2018 12:00am
Sudan lifts Egypt produce ban as Sisi visits Khartoum

Sudan lifts Egypt produce ban as Sisi visits Khartoum

Sudan's President Omar al-Bashir on Thursday lifted a 17-month long ban on agricultural imports from Egypt, during an official visit by Egyptian President Abdel Fattah al-Sisi to Khartoum. "I signed today a decision cancelling the ban on imports of Egypti
Published 26 Oct, 2018 12:00am
Czech billionaire buys stake in France's Le Monde newspaper

Czech billionaire buys stake in France's Le Monde newspaper

A Czech businessman who made his fortune in the energy sector has acquired a minority stake in Le Monde, widely considered France's most prestigious newspaper, the publication said Thursday. It was the latest French media move by Daniel Kretinsky, the 43-
Published 26 Oct, 2018 12:00am
Twitter surges on profit, revenue growth

Twitter surges on profit, revenue growth

Twitter shares flew higher Thursday after reporting a record quarterly profit that helped investors look past a drop in the number of users due to the weeding out of fake and abusive accounts. The San Francisco group delivered a $789 million profit, inclu
Published 26 Oct, 2018 12:00am
US durable goods sales at four-year high

US durable goods sales at four-year high

Sales of US military aircraft more than doubled in September, helping send orders for American manufactured goods to a four-year high, the government reported Thursday. The result far overshot economists' expectations but masked weakness in capital goods,
Published 26 Oct, 2018 12:00am
Saudi index leaps on earnings and conference optimism, outperforms Gulf

Saudi index leaps on earnings and conference optimism, outperforms Gulf

Saudi Arabia's stock market surged on Thursday, outperforming most major Gulf markets, boosted by strong corporate earnings and improved market sentiment after a three-day investment conference in Riyadh. The index closed 4.3 percent higher in heavy volum
Published 26 Oct, 2018 12:00am
Nasdaq confirms correction, S&P 500 and Dow erase 2018 gains

Nasdaq confirms correction, S&P 500 and Dow erase 2018 gains

US stocks plunged again on Wednesday, confirming a correction for the Nasdaq and erasing the Dow and the S&P 500's gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled jitters about economic and profit growth. The
Published 26 Oct, 2018 12:00am
Australian stock market sinks

Australian stock market sinks

Australia's leading share index tanked Thursday, wiping out this year's gains as traders tracked a global sell-off, with financial services giant AMP plunging almost 25 percent. The benchmark S&P/ASX200 ended 2.83 percent down at 5,664.10, its lowest sinc
Published 26 Oct, 2018 12:00am
10-year Treasury yields fall

10-year Treasury yields fall

US benchmark 10-year Treasury yields fell to three-week lows on Wednesday, weighed down by weakness in stocks and ongoing political uncertainty ahead of the US congressional elections. US five-year and seven-year yields dropped to three-week lows as well,
Published 26 Oct, 2018 12:00am
10-year Treasury yields fall

10-year Treasury yields fall

US benchmark 10-year Treasury yields fell to three-week lows on Wednesday, weighed down by weakness in stocks and ongoing political uncertainty ahead of the US congressional elections. US five-year and seven-year yields dropped to three-week lows as well,
Published 26 Oct, 2018 12:00am
Nikkei down 3.7 percent

Nikkei down 3.7 percent

Tokyo's Nikkei plunged more than 3.7 percent on Thursday, after a punishing session on Wall Street that saw major US indices wipe out all their 2018 gains. The benchmark Nikkei 225 index gave up 3.72 percent, or 822.45 points to 21,268.73, while the broad
Published 26 Oct, 2018 12:00am
China blue chips up; Hong Kong down

China blue chips up; Hong Kong down

China's main onshore stock market indexes clawed back from midday losses for a second day of weak gains on Thursday, but shares in Hong Kong ended lower despite a late rally, joining regional bourses battered in the wake of Wall Street's rout. At the clos
Published 26 Oct, 2018 12:00am
European stocks bounce back after global sell-off

European stocks bounce back after global sell-off

Eurozone shares ended a choppy session well in positive territory on Thursday as positive corporate results in France and a late boost from a weakening euro - a boon for exporters - lifted the market. Shares had earlier fallen amid a global sell-off, with
Published 26 Oct, 2018 12:00am
Indian shares down

Indian shares down

Indian shares closed at their lowest in seven months on Thursday, tracking a rout in global equities amid growth concerns, with losses seen across sectors. Investors were also jittery ahead of the expiry of derivatives contracts. The broader NSE index end
Published 26 Oct, 2018 12:00am
Most Southeast Asia stocks slump

Most Southeast Asia stocks slump

Most Southeast Asian stock markets slumped on Thursday, following a tech rout on Wall Street that saw the year's gains being wiped out, leaving investors poorer by billions of dollars across global markets. Disappointing forecasts from chipmakers beat dow
Published 26 Oct, 2018 12:00am
FTSE 100 joins tentative market rebound; WPP shares punished

FTSE 100 joins tentative market rebound; WPP shares punished

UK shares closed higher on Thursday, joining a modest rebound across European stock markets as Lloyds Bank led financials higher following positive results and investors sought out defensive stocks, even as WPP suffered its worst day since 1998.
Published 26 Oct, 2018 12:00am
Yen up in Asia
Currency

Yen up in Asia

The Japanese yen rose against the dollar on Thursday as a rout on Wall Street and weak European and US economic data dented global risk sentiment, sending investors scurrying to safe-haven assets including government bonds.
Published 26 Oct, 2018 12:00am
Euro steadies, offshore yuan tumbles in Europe
Currency

Euro steadies, offshore yuan tumbles in Europe

The euro was steady on Thursday after the European Central Bank stuck to its plans for ending bond purchases by the end of the year and as traders prepared for President Mario Draghi's press conference. Investors will be looking for any new guidance from
Published 26 Oct, 2018 12:00am
Early trade in New York: euro at two-month low
Currency

Early trade in New York: euro at two-month low

The euro fell to a two-month low on Thursday after European Central Bank President Mario Draghi said the bank would pursue its tightening policy in spite of fears about the monetary union's economic and political future. The ECB reaffirmed that its 2.6 tr
Published 26 Oct, 2018 12:00am
Dollar moves higher in New York
Currency

Dollar moves higher in New York

The US dollar rose on Wednesday as stocks fell and after European data signalled that economic growth could be flagging across the eurozone, denting the euro. The S&P 500 was on track for a sixth day of losses as weak forecasts from chipmakers added to co
Published 26 Oct, 2018 12:00am
Aussie, kiwi steady

Aussie, kiwi steady

The Australian and New Zealand dollars held their nerve on Thursday even as global share markets crumbled for a second day, with losses on Wall Street and a sharp drop in Treasury yields hindering their US counterpart. The Aussie dollar was 0.26 percent f
Published 26 Oct, 2018 12:00am
Asian forex: most emerging currencies weaken
Currency

Asian forex: most emerging currencies weaken

Most emerging Asian currencies weakened on Thursday after a rout in tech stocks erased all of Wall Street's gains for the year and crushed risk appetites in global markets. Worries were compounded by threats to global growth such as slowing earnings momen
Published 26 Oct, 2018 12:00am
Turkish lira up
Currency

Turkish lira up

Turkey's lira firmed against the dollar on Thursday as the central bank kept interest rates on hold, in line with expectations, although market participants cautioned there could be further weakness ahead. At 1449 GMT, the lira stood at 5.6250 against the
Published 26 Oct, 2018 12:00am
Sterling falls

Sterling falls

The pound fell on Thursday as the dollar strengthened and relief about British Conservative lawmakers backing Prime Minister Theresa May's Brexit strategy gave way to fresh fears about the risk of a no-deal UK departure from the European Union. The prospe
Published 26 Oct, 2018 12:00am
Amnesty slams 'shameful' treatment of coup purge victims

Amnesty slams 'shameful' treatment of coup purge victims

Amnesty International on Thursday criticised what it called the "shameful" treatment of Turkish civil servants who were dismissed after the 2016 failed overthrow of President Recep Tayyip Erdogan.
Published 26 Oct, 2018 12:00am
New weapons drawn in global TB fight

New weapons drawn in global TB fight

From a revolutionary way of testing children for tuberculosis to a cure for a previously untreatable strain, scientists from across the globe launched a fresh broadside Thursday against the world's deadliest infectious disease. Tuberculosis, a severe lung
Published 26 Oct, 2018 12:00am
Nato displays military might to vexed Russia in giant Norway exercises

Nato displays military might to vexed Russia in giant Norway exercises

Nato began its biggest military exercises since the end of the Cold War in Norway on Thursday, proof of the US' "rock-solid" commitment to the alliance's collective defence, US Navy Admiral James Foggo said, as Moscow denounced the manoeuvres as "anti-Rus
Published 26 Oct, 2018 12:00am
UK military to open up all roles to women

UK military to open up all roles to women

Women will soon be able to apply for any role in the British military, including in previously off-limits elite units like the famed SAS, the government announced on Thursday. Calling the move "historic", Defence Secretary Gavin Williamson said women alre
Published 26 Oct, 2018 12:00am
Japan's Abe meets Chinese premier as relations thaw

Japan's Abe meets Chinese premier as relations thaw

Japan's Shinzo Abe and his Chinese counterpart Li Keqiang commemorated the 40th anniversary of a friendship treaty on Thursday, at the start of a rare trip to Beijing by the Japanese prime minister, who is seeking to repair frayed relations.
Published 26 Oct, 2018 12:00am
US indicts Singaporean for laundering funds for North Korea

US indicts Singaporean for laundering funds for North Korea

US prosecutors unveiled charges Thursday against a Singapore businessman once lauded as a leading young entrepreneur, alleging he illegally laundered millions of dollars in funds for North Korea. A grand jury indictment charged Tan Wee Beng, 41, with work
Published 26 Oct, 2018 12:00am
North Korea warns US against 'confidence-destroying measures'

North Korea warns US against 'confidence-destroying measures'

A North Korean official urged the United States on Thursday to immediately lift sanctions against his country, warning that the country's "confidence-destroying measures" would undermine denuclearisation talks.
Published 26 Oct, 2018 12:00am
School pupils among 17 killed in Jordan flash floods

School pupils among 17 killed in Jordan flash floods

Flash floods in Jordan swept away a school bus Thursday, killing at least 17 people, mostly pupils, emergency services said. Several more students were injured in the incident near the Dead Sea, said an official from the civil defence, Jordan's fire servi
Published 26 Oct, 2018 12:00am
Gaza power plant boosts output as fuel deal takes hold

Gaza power plant boosts output as fuel deal takes hold

The sole power plant in the Gaza Strip reached its highest production level in months on Thursday, the United Nations said, as part of a deal to overcome chronic power cuts. "Today the second turbine of the Gaza power plant starts producing 52 MW, allevia
Published 26 Oct, 2018 12:00am
Dozens of civilians killed in Yemen's Hodeida: UN

Dozens of civilians killed in Yemen's Hodeida: UN

Dozens of civilians were killed in strikes on Yemen's embattled Hodeida province, the United Nations said Thursday, as Huthi rebels blamed air strikes by the Saudi-led coalition.
Published 26 Oct, 2018 12:00am
EU prize awarded to Ukraine's Sentsov in slap to Russia

EU prize awarded to Ukraine's Sentsov in slap to Russia

The European Parliament on Thursday awarded the Sakharov human rights prize to Ukrainian Oleg Sentsov and called for Russia to free the filmmaker, jailed after opposing the annexation of his native Crimea.
Published 26 Oct, 2018 12:00am
Pentagon to send about 800 troops to US-Mexico border

Pentagon to send about 800 troops to US-Mexico border

The Pentagon is expected to deploy about 800 troops to the US-Mexico border, two US officials told AFP on Thursday, after President Donald Trump said the military would be used there to tackle a "national emergency."
Published 26 Oct, 2018 12:00am
Water scarcity perturbs ABAD, KATI

Water scarcity perturbs ABAD, KATI

Korangi Association of Trade and Industry (KATI) and Association of Builders and Developers (ABAD) have agreed to voice concerns over the issues faced by industry, including water shortage, at every level and decided to form a joint committee to follow up
Published 26 Oct, 2018 12:00am
OGDCL's sales revenue climbs to Rs 61.799 billion in 1Q

OGDCL's sales revenue climbs to Rs 61.799 billion in 1Q

The Oil and Gas Development Company Limited (OGDCL) has released the sales revenue of Rs 61.799 billion in the first quarter (July 2018-September 2018). Sales revenue and profit before tax climbed to Rs 61.799 billion and Rs 39.363 billion respectively sh
Published 26 Oct, 2018 12:00am
BPPL's Rs 5.02 billion Pat announced

BPPL's Rs 5.02 billion Pat announced

Pakistan's largest oil refining company, Byco Petroleum Pakistan Limited (BPPL) on Thursday announced profit after tax of Rs 5.02 billion for 12 months ended 30 June 2018 (FY18), up from Rs 2.18 billion in FY17, depicting a strong gain of 130 percent.
Published 26 Oct, 2018 12:00am
BPPL's Rs 5.02 billion Pat announced

BPPL's Rs 5.02 billion Pat announced

Pakistan's largest oil refining company, Byco Petroleum Pakistan Limited (BPPL) on Thursday announced profit after tax of Rs 5.02 billion for 12 months ended 30 June 2018 (FY18), up from Rs 2.18 billion in FY17, depicting a strong gain of 130 percent.
Published 26 Oct, 2018 12:00am
Telenor posts highest-ever Rs 30 billion revenue in Q3: CEO

Telenor posts highest-ever Rs 30 billion revenue in Q3: CEO

Chief Executive Officer (CEO) Telenor Pakistan, Irfan Wahab Khan on Thursday said that due to dedicated workforce and vision to empower the society, the company has posted the highest ever revenue of Rs 30 billion during the third quarter of 2018.
Published 26 Oct, 2018 12:00am
Telenor posts highest-ever Rs 30 billion revenue in Q3: CEO

Telenor posts highest-ever Rs 30 billion revenue in Q3: CEO

Chief Executive Officer (CEO) Telenor Pakistan, Irfan Wahab Khan on Thursday said that due to dedicated workforce and vision to empower the society, the company has posted the highest ever revenue of Rs 30 billion during the third quarter of 2018.
Published 26 Oct, 2018 12:00am
Instrument of redeemable capital can be issued to individual: SECP

Instrument of redeemable capital can be issued to individual: SECP

The Securities and Exchange Commission of Pakistan (SECP) has specified that any instrument of redeemable capital of the government including Government Debt Securities can be issued to an individual investor, besides securities brokers, Funds/Trusts and
Published 26 Oct, 2018 12:00am
Shahbaz's daughter plea accepted

Shahbaz's daughter plea accepted

An accountability court on Thursday accepted an application of Khadija daughter of opposition leader in National Assembly Shahbaz Sharif to meet her father on remand in Ashiana-i-Iqbal Housing Scheme scam.
Published 26 Oct, 2018 12:00am
Electricity tariff: APTPMA hails decision of continuing subsidy

Electricity tariff: APTPMA hails decision of continuing subsidy

Chairman All Pakistan Textile Processing Mills Association (APTPMA), Engr Rizwan Ashraf, has expressed satisfaction over the decision of continuation of Rs3 kW/h subsidy in the price of electricity for five export-oriented sectors and hoped that this acti
Published 26 Oct, 2018 12:00am
Punjab vows to root out menace of power theft

Punjab vows to root out menace of power theft

Secretary Energy Punjab/Convener Provincial Task Force against electricity theft Muhammad Aamir Jaan has said that strategy has been evolved to root out the menace of electricity theft in the Punjab and district enforcement committees would work to superv
Published 26 Oct, 2018 12:00am
Brickkilns' closure date extended till November 3

Brickkilns' closure date extended till November 3

The Environment Protection Department (EPD) Punjab has once again extended the date for closure of brick kilns in the province by one week due to the forecast of favourable weather conditions. The Department had earlier given the date of October 27 for th
Published 26 Oct, 2018 12:00am
Trade deficit: government urged to match up imports with exports
Cotton

Trade deficit: government urged to match up imports with exports

While expressing satisfaction over oil supplies worth US 3 billion dollars against deferred payments from Saudi Arabia, trade experts have proposed the government to revisit trade situation and seek a level-playing field with six countries to match up imp
Published 26 Oct, 2018 12:00am
BoP implements international core banking system

BoP implements international core banking system

The Bank of Punjab has successfully implemented a state-of-art international core banking system in its entire branch network. The new system is customer centric which will help the bank to offer better service to its customers.
Published 26 Oct, 2018 12:00am
CPEC is open to all neighbouring countries: Dr Tao

CPEC is open to all neighbouring countries: Dr Tao

"CPEC is open to all neighbouring countries to join and become a part of an inclusive growth story," said Dr Li Tao, Country Head and CEO, Bank of China - Pakistan Operations. He was speaking at 1st China International Import Expo (CIIE) at a local hotel
Published 26 Oct, 2018 12:00am
Change will be visible to all and sundry: Buzdar

Change will be visible to all and sundry: Buzdar

Punjab chief minister Sardar Usman Buzdar on Thursday said the PTI government will not burden the people and come up to their expectations and change will be visible to everybody. "We will collectively serve the masses and every possible effort will be ma
Published 26 Oct, 2018 12:00am
Saudi financial aid a good news for economy: LCCI

Saudi financial aid a good news for economy: LCCI

The Lahore Chamber of Commerce and Industry (LCCI) on Thursday termed Saudi financial support of $6 billion good news for Pakistan economy. All markets have reacted positively. LCCI President Almas Hyder said that China and UAE have shown willingness to c
Published 26 Oct, 2018 12:00am
Chohan urges Hamza to join business advisory committee

Chohan urges Hamza to join business advisory committee

Punjab Minister for Information and Culture Fayyaz-ul-Hassan Chohan has urged the opposition leader in Punjab Assembly Hamza Shehbaz to join the business advisory committee with a view to fulfilling his constitutional responsibility.
Published 26 Oct, 2018 12:00am
Huawei launches Y9 smartphone in Pakistan

Huawei launches Y9 smartphone in Pakistan

It's that time of the year that Huawei brings their ultimate midrange king to the market and reigns supreme on this price segment. Once again, the company is gearing to launch the next-level HUAWEI Y9 2019 - its latest offering as the successor to last ye
Published 26 Oct, 2018 12:00am
Water & Power Expo: business deals worth Rs 70 million secured

Water & Power Expo: business deals worth Rs 70 million secured

A two-day 3rd Water and Energy Expo 2018 concluded at the Lahore's Expo Centre on Thursday. Event Organizer Director Prime Event Management Kamran Abbasi has claimed that more than 70 million worth business to business (B2B) deals were secured among local
Published 26 Oct, 2018 12:00am
Punjab budget approved in absence of opposition

Punjab budget approved in absence of opposition

The Punjab Assembly approved the provincial budget with majority votes for current fiscal year 2018-19 in the absence of opposition during its session on Thursday. The House approved a total of 43 demands for grants for different sectors.
Published 26 Oct, 2018 12:00am
Pakistan, Britain discuss extradition of suspects

Pakistan, Britain discuss extradition of suspects

Special Assistant to the Prime Minister on Accountability Shahzad Akbar on Thursday met British Home Secretary Sajid Javid in London. The two discussed issues of mutual interest, particularly those related to the provision of mutual legal assistance, extr
Published 26 Oct, 2018 12:00am
SC asks PTA to install system for preventing grey trafficking

SC asks PTA to install system for preventing grey trafficking

The Supreme Court on Thursday directed Pakistan Telecommunication Authority (PTA) to install system for preventing grey trafficking in Pakistan. A three-judge bench, headed by Chief Justice Mian Saqib Nisar, was hearing a suo motu notice of operation/runn
Published 26 Oct, 2018 12:00am
Pakistan wants to resolve all issues with India including Kashmir: FM

Pakistan wants to resolve all issues with India including Kashmir: FM

Foreign Minister Shah Mehmood Qureshi Thursday said that Pakistan wants good neighbourly relations with India and desires to resolve all the outstanding issues, top of which is the Jammu and Kashmir dispute. Speaking at a seminar here at the National Pres
Published 26 Oct, 2018 12:00am
Illegal sale of Indian DTH: SC forms two-member body to investigate

Illegal sale of Indian DTH: SC forms two-member body to investigate

The Supreme Court Thursday constituted a two-member committee to find out causes of illegal sale of Indian Direct-to-Home (DTH) in Pakistani markets. The DTH is a digital box that provides customers with channels permitted to be aired in the country witho
Published 26 Oct, 2018 12:00am
KP-Tevta signs MoUs with private sector

KP-Tevta signs MoUs with private sector

Khyber Pakhtunkhwa Technical Education and Vocational Training Authority (KP-TEVTA) has signed various MoUs with private sector. Two MoUs with LabTech International Ltd, one of the world leading company which is involved in manufacturing of technical and
Published 26 Oct, 2018 12:00am
Senate body slams delay in finalisation of NITB rules

Senate body slams delay in finalisation of NITB rules

Senate Sub-Committee of the Committee on Delegated Legislation on Thursday expressed displeasure over delay in finalisation of rules for National Institute of Technology Board (NITB) and directed the relevant officials to expedite work on it. The meeting
Published 26 Oct, 2018 12:00am
BRT-hit traders: SCCI demands exemption from taxes

BRT-hit traders: SCCI demands exemption from taxes

Business community is worried about increasing business and financial losses owing to delay in completion of the much anticipated the Bus Rapid transit (BRT) project Peshawar and demanded that the traders affected by the project be exempted from all provi
Published 26 Oct, 2018 12:00am
Partly Facetious: Developing a frog in the throat

Partly Facetious: Developing a frog in the throat

"So any optimism Asif Ali Zardari may have harboured regarding a possible, shall we say... no not reconciliation that's not the right word but some arrangement, be it interim or otherwise, that would give him and his sister breathing space in the courts m
Published 26 Oct, 2018 12:00am
StormFiber launched in Quetta

StormFiber launched in Quetta

Expanding its footprint rapidly, StormFiber is foraying into Balochistan, providing the citizens of Quetta access to high speed internet, high definition TV and crystal clear voice calls. Quetta is the seventh city to be added to StormFiber's coveted Fibe
Published 26 Oct, 2018 12:00am
French CG for enhancing trade ties with Pakistan

French CG for enhancing trade ties with Pakistan

French Consul General Didier Talpain has said that it is their job at the French consulate and embassy to explain it to the French business community that the security situation is much better and they are doing so with a view to promote bilateral trade a
Published 26 Oct, 2018 12:00am
HabibMetro Bank contributes Rs 20 million to dams fund

HabibMetro Bank contributes Rs 20 million to dams fund

In support of the Supreme Court, Government of Pakistan and the State Bank of Pakistan's honorable initiative, HabibMetro Bank contributed Rs. 20 million the Supreme Court & Prime Minister of Pakistan's Diamer Basha & Mohmand Dam Fund. This included volun
Published 26 Oct, 2018 12:00am
Hot weather may persist in Karachi

Hot weather may persist in Karachi

Hot weather is likely to continue in Karachi with a maximum 37 degrees Celsius in the next 48 hours, the Met Office said on Thursday. Humidity is likely to drop to 60 percent with a sunny horizon on Friday and 50 percent on Saturday with maximum temperatu
Published 26 Oct, 2018 12:00am
Chinese firm crosses swords with SSWMB over payment issue

Chinese firm crosses swords with SSWMB over payment issue

Chinese Company M/s Changyi Kangjie Sanitation Engineering has claimed that Sindh Solid Waste Management Board (SSWMB) has to pay Rs 12 million on account of collection and lifting of garbage from various parts of metropolis.
Published 26 Oct, 2018 12:00am
FPCCI removes Syeda Bano from VP's post

FPCCI removes Syeda Bano from VP's post

The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Thursday removed Syeda Saeeda Bano from the post of its woman vice president. In a notification issued by FPCCI here on Thursday, Syeda Saeeda Bano shall cease to hold the office of th
Published 26 Oct, 2018 12:00am
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