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Dec 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-10-31
PCB refutes speculation over 'rejection' of match-fixing report

PCB refutes speculation over 'rejection' of match-fixing report

The Pakistan Cricket Board (PCB) has strongly rejected the speculation over the Board's perceived 'rejection' of the Justice Qayyum report on match-fixing. The work of Justice Qayyum is acknowledged and appreciated by PCB and there is no truth in the perc
Published 31 Oct, 2018 12:00am
U-19 Fast Track Skill Development Camp begins

U-19 Fast Track Skill Development Camp begins

The four-week 'Under-19 Fast Track Skill Development Camp-2018' is starting here at National Cricket Academy (NCA) from Wednesday (today). National Junior Selection Committee headed by Basit Ali has selected as many as 26 players for this training activit
Published 31 Oct, 2018 12:00am
EBM sponsors tennis championship in Lahore

EBM sponsors tennis championship in Lahore

Pakistan's leading biscuit manufacturer, EBM makers of Peek Freans- sponsored the third iteration of the EBM-Peek Freans Pakistan Open Tennis Championship this year. This first-of-its kind open tennis championship, includes matches for Under-10, Under 12
Published 31 Oct, 2018 12:00am
Pakistan women team for ICC World Cup T20 announced

Pakistan women team for ICC World Cup T20 announced

The Women's National Selection Committee headed by Jalaluddin has selected 15-member squad of Pakistan women team for the upcoming ICC Women's World T20 to be staged in West Indies. Javeria Wadood has been retained captain of the team despite Bismah Maroo
Published 31 Oct, 2018 12:00am
Dele Alli signs new Spurs deal

Dele Alli signs new Spurs deal

England midfielder Dele Alli has signed a new long-term contract, keeping him at Tottenham until 2024, the Premier League club announced on Tuesday. The 22-year-old joined Spurs in 2015 and has scored 48 goals in 153 competitive appearances for the club.
Published 31 Oct, 2018 12:00am
Kasatkina hangs on in Zhuhai

Kasatkina hangs on in Zhuhai

Top seed Daria Kasatkina survived a scare on Tuesday to claim victory over crowd favourite Wang Qiang in a thrilling contest at the WTA Elite Trophy in China, taking the match 6-1, 2-6, 7-5. The 21-year-old Russian looked totally dominant in the early sta
Published 31 Oct, 2018 12:00am
Cricket Australia chairman urged to quit

Cricket Australia chairman urged to quit

Cricket Australia chairman David Peever faced growing calls to quit Tuesday after a damning review slammed the body's conduct leading up to a major ball-tampering scandal. The independent review released Monday found that an "arrogant" and "controlling" c
Published 31 Oct, 2018 12:00am
Sports competitions enter second phase in Lower Dir

Sports competitions enter second phase in Lower Dir

The ongoing sports' competitions among government and private high and higher secondary schools in Lower Dir entered its second phase. The zonal sports' events concluded on different grounds in the district.
Published 31 Oct, 2018 12:00am
Malik, Mirza welcome baby boy

Malik, Mirza welcome baby boy

Indian tennis star Sania Mirza has given birth to a baby boy, her Pakistani cricketer husband Shoaib Malik said on Tuesday, prompting a flood of congratulatory messages on social media. "Excited to announce: It's a boy, and my girl is doing great and keep
Published 31 Oct, 2018 12:00am
Sarfraz aiming to cement Twenty20 dominance against New Zealand

Sarfraz aiming to cement Twenty20 dominance against New Zealand

Pakistan skipper Sarfraz Ahmed vowed that his all-conquering Twenty20 team will continue their hot streak in their three-match series against New Zealand, starting in Abu Dhabi on Wednesday. Pakistan maintained top spot in the 20-over world rankings with
Published 31 Oct, 2018 12:00am
Italy growth ground to halt in third quarter

Italy growth ground to halt in third quarter

Italy's growth stagnated in the third quarter of 2018, official data showed Tuesday, upping the pressure on the country's populist government which has based its big-spending budget plan on an optimistic outlook for economic expansion. Rome was not alone:
Published 31 Oct, 2018 12:00am
Brazil unemployment eases

Brazil unemployment eases

Brazil's unemployment rate fell for the sixth straight month in September, according to government data Tuesday, two days after far-right congressman Jair Bolsonaro was elected president on a promise of sweeping change. The jobless rate - measured in slid
Published 31 Oct, 2018 12:00am
Uber seeks U-turn on ruling UK drivers are employees

Uber seeks U-turn on ruling UK drivers are employees

Uber launched Tuesday an attempt at England's Court of Appeal to overturn a ruling that the ride-hailing app's drivers are its workers rather than self-employed, as protestors rallied outside. Uber is trying to to overturn employment tribunal findings whi
Published 31 Oct, 2018 12:00am
Confident VW leaves rivals in the dust despite diesel woes

Confident VW leaves rivals in the dust despite diesel woes

German car giant Volkswagen defied global headwinds for the industry to report soaring third-quarter profits Tuesday, emerging at least partly from the shadow of its "dieselgate" emissions cheating scandal. Net profit at the Wolfsburg-based group more tha
Published 31 Oct, 2018 12:00am
Delayed state offering stalls Egypt's surging share sales
Currency

Delayed state offering stalls Egypt's surging share sales

The Egyptian government's postponement of its share sales has raised concerns the budget deficit may widen this year and pushed private companies to delay their own share offerings. The government had been planning to sell 4.5 percent of tobacco producer
Published 31 Oct, 2018 12:00am
A Chinese farmer couldn't fly a plane, so he built one

A Chinese farmer couldn't fly a plane, so he built one

When a Chinese garlic farmer's dream of flying an airplane didn't pan out, he decided to build one instead. The full-scale replica of the Airbus A320 built by farmer Zhu Yue is now nearly finished, permanently taxied on a short piece of tarmac surrounded
Published 31 Oct, 2018 12:00am
Bulgaria moves to ban unlicensed cigarette production

Bulgaria moves to ban unlicensed cigarette production

Bulgaria's parliament on Thursday moved to ban the unlicensed production of cigarettes, to close a loophole under which only the illicit sale of cigarettes has been punishable. The draft law passed its first reading and is expected to pass on its second r
Published 31 Oct, 2018 12:00am
Danone bets on healthy eating business to boost growth
Currency

Danone bets on healthy eating business to boost growth

Danone is banking on its expansion into the lucrative healthy eating business to produce sales growth that will beat the French food company's rivals over the coming decade. The world's biggest yoghurt maker told an Investor Seminar in London on Monday th
Published 31 Oct, 2018 12:00am
China, France launch satellite to study climate change

China, France launch satellite to study climate change

China sent its first ever satellite built in partnership with another country into space on Monday, a device tasked with helping scientists better predict dangerous cyclones and climate change by monitoring ocean surface winds and waves.
Published 31 Oct, 2018 12:00am
Royal Bank of Scotland sets aside 'Brexit' pot

Royal Bank of Scotland sets aside 'Brexit' pot

Royal Bank of Scotland on Friday announced a 14-percent rise in quarterly net profit but warned of a "more uncertain outlook" as Britain's struggles to strike a Brexit deal. Profit after tax rose to £448 million ($574 million, 505 million euros) in the th
Published 31 Oct, 2018 12:00am
Ford names new China head to tackle daunting turnaround task

Ford names new China head to tackle daunting turnaround task

Ford Motor Co has hired a new chief for its troubled China operations, ending a nine-month search after the previous head suddenly quit and tasking him with fixing a deep sales slump in the world's biggest car market. Anning Chen, 57, a former Ford engine
Published 31 Oct, 2018 12:00am
Canada central bank hikes key lending rate to 1.75 percent

Canada central bank hikes key lending rate to 1.75 percent

Canada's central bank increased its key lending rate 0.25 percentage points to 1.75 percent on Wednesday, saying a continental trade deal reached with the United States and Mexico has lifted uncertainty that was weighing on the economy.
Published 31 Oct, 2018 12:00am
Philippines opens cleaner, stricter Boracay to tourists

Philippines opens cleaner, stricter Boracay to tourists

Tourists landed by the boatload Friday on the Philippines' Boracay island, which re-opened with a slew of new rules after a six-month shutdown aimed at undoing the impact of years of being loved to death by millions of holidaymakers.
Published 31 Oct, 2018 12:00am
After 'historic' quarter, Tesla looks to Europe, China

After 'historic' quarter, Tesla looks to Europe, China

Electric car maker Tesla on Wednesday reported an "historic" quarterly profit driven by demand for its mass market Model 3, as the company looks beyond its US home base to Europe and China. Tesla chief executive Elon Musk said he expects the company to st
Published 31 Oct, 2018 12:00am
Eurozone growth slows as Italy woes weigh
Currency

Eurozone growth slows as Italy woes weigh

Stagnation in Italy and problems with German car production dragged economic growth in the eurozone down to its slowest rate in four years, official data showed Tuesday, prompting concern among analysts. Gross domestic product in the 19-country single cur
Published 31 Oct, 2018 12:00am
BP profits double on high oil prices

BP profits double on high oil prices

British energy major BP announced Tuesday its third-quarter net profit doubled on sharply higher crude oil prices. Bottom-line profit after tax surged to $3.35 billion (2.9 billion euros) in the three months to September, compared with $1.77 billion a yea
Published 31 Oct, 2018 12:00am
BP profits double on high oil prices

BP profits double on high oil prices

British energy major BP announced Tuesday its third-quarter net profit doubled on sharply higher crude oil prices. Bottom-line profit after tax surged to $3.35 billion (2.9 billion euros) in the three months to September, compared with $1.77 billion a yea
Published 31 Oct, 2018 12:00am
Coca-Cola profits up

Coca-Cola profits up

Coca-Cola reported a jump in third-quarter profits behind higher sales in North America as it boosts investment in non-carbonated beverages. The soda giant notched profits of $1.9 billion, up 30 percent from the year-ago period. Revenues fell 9.2 percent
Published 31 Oct, 2018 12:00am
Coca-Cola profits up

Coca-Cola profits up

Coca-Cola reported a jump in third-quarter profits behind higher sales in North America as it boosts investment in non-carbonated beverages. The soda giant notched profits of $1.9 billion, up 30 percent from the year-ago period. Revenues fell 9.2 percent
Published 31 Oct, 2018 12:00am
Apple spruces up Macs, iPad Pros and raises prices

Apple spruces up Macs, iPad Pros and raises prices

Apple Inc refreshed some of its lesser-known products at a New York event on Tuesday, adding iPhone features like facial recognition to the iPad Pro and faster processors and better displays to some Mac computers that had gone years without a major update
Published 31 Oct, 2018 12:00am
Sony nearly doubles first-half net profits

Sony nearly doubles first-half net profits

Sony's net profit nearly doubled to hit a record high in the six months to September, it announced Tuesday, as it upgraded its annual forecasts, with games such as "Spider-Man" and "God of War" leading the way.
Published 31 Oct, 2018 12:00am
Sony nearly doubles first-half net profits

Sony nearly doubles first-half net profits

Sony's net profit nearly doubled to hit a record high in the six months to September, it announced Tuesday, as it upgraded its annual forecasts, with games such as "Spider-Man" and "God of War" leading the way.
Published 31 Oct, 2018 12:00am
Lebanon's risk profile 'rising sharply': World Bank

Lebanon's risk profile 'rising sharply': World Bank

Lebanon's risk profile is rising sharply and some of its central bank tools are becoming less effective, the World Bank said on Tuesday in its autumn Lebanon Economic Monitor report. The central bank has in response beefed up its foreign exchange reserves
Published 31 Oct, 2018 12:00am
Pfizer reports higher profits

Pfizer reports higher profits

Pfizer reported a jump in third-quarter profits on Tuesday due in part to lower tax payments but trimmed its sales forecast because of the strong US dollar. The pharmaceutical giant reported net income of $4.1 billion, up 44.8 percent from the year-ago pe
Published 31 Oct, 2018 12:00am
Pfizer reports higher profits

Pfizer reports higher profits

Pfizer reported a jump in third-quarter profits on Tuesday due in part to lower tax payments but trimmed its sales forecast because of the strong US dollar. The pharmaceutical giant reported net income of $4.1 billion, up 44.8 percent from the year-ago pe
Published 31 Oct, 2018 12:00am
Merkel urges companies to switch focus from Asia to Africa

Merkel urges companies to switch focus from Asia to Africa

Chancellor Angela Merkel on Tuesday urged companies to take a closer look at Africa's "huge" economic opportunities, as Germany hopes that development of the continent will help curb illegal migration to Europe.
Published 31 Oct, 2018 12:00am
Real estate props Dubai, most Gulf markets little changed

Real estate props Dubai, most Gulf markets little changed

Dubai's blue-chip index rose sharply and marked its biggest intra-day gain in nearly three weeks, lifted by real estate and banks, while most major Gulf indexes dropped marginally on Tuesday. The Dubai index added 1.1 percent, boosted by a near 3 percent
Published 31 Oct, 2018 12:00am
Wall Street drops on trade worries, S&P nears correction

Wall Street drops on trade worries, S&P nears correction

US stocks fell on Monday in a volatile session, with the S&P 500 ending just shy of confirming its second correction of 2018, hurt by fresh worries of an escalation of US-China trade tensions and a sharp drop in big tech and Internet names.
Published 31 Oct, 2018 12:00am
Indian shares lower

Indian shares lower

Indian shares ended lower on Tuesday, with oil-to-retail conglomerate Reliance Industries Ltd accounting for a major chunk of the losses, while a weak rupee buoyed IT stocks. The broader NSE index ended 0.51 percent lower at 10,198.4, while the benchmark
Published 31 Oct, 2018 12:00am
Treasury yields lower

Treasury yields lower

Yields on US Treasury bonds fell modestly on Monday afternoon after stocks took a nosedive on a report that President Donald Trump was preparing more tariffs on imports from China. US equities have been rocked in October as companies have reported that ta
Published 31 Oct, 2018 12:00am
Treasury yields lower

Treasury yields lower

Yields on US Treasury bonds fell modestly on Monday afternoon after stocks took a nosedive on a report that President Donald Trump was preparing more tariffs on imports from China. US equities have been rocked in October as companies have reported that ta
Published 31 Oct, 2018 12:00am
Tokyo stocks move higher

Tokyo stocks move higher

Tokyo stocks recovered early losses to close higher on Tuesday as investors bought on dips following recent declines. The benchmark Nikkei 225 index, which fell for the third straight session on Monday, rose 1.45 percent or 307.49 points to 21,457.29 whil
Published 31 Oct, 2018 12:00am
China shares surge

China shares surge

Shares in China rebounded on Tuesday after securities regulator pledged to enhance market liquidity, but comments from US President Donald Trump that new tariffs on China are "waiting to go if we can't make a deal" underscored market uncertainty over trad
Published 31 Oct, 2018 12:00am
European shares dip, earnings disappointment weighs

European shares dip, earnings disappointment weighs

European shares ended a choppy session lower on Tuesday, failing to benefit from a positive open on Wall Street as they buckled under the weight of disappointing earnings and data showing the euro zone economy grew less than expected in the third quarter.
Published 31 Oct, 2018 12:00am
Southeast Asian stocks tepid; Philippines down

Southeast Asian stocks tepid; Philippines down

Most Southeast Asian stock markets were subdued on Tuesday after China made a fresh attempt to stabilise its stock markets amid fears of further escalation in the Sino-US trade war. China, the biggest trade partner for most of the Southeast Asian countrie
Published 31 Oct, 2018 12:00am
BP 'blowout' results keep FTSE afloat as Reckitt tumbles

BP 'blowout' results keep FTSE afloat as Reckitt tumbles

A strong update from BP helped the UK's top share index end a choppy session in the black on Tuesday, offsetting disappointing results from heavyweight Reckitt Benckiser and outperforming European equities. Heavyweight BP rose two percent after quarterly
Published 31 Oct, 2018 12:00am
Dollar up against basket of rivals in Asia
Currency

Dollar up against basket of rivals in Asia

The dollar held most of its overnight gains against a basket of its key rivals, with Tuesday's trade supported by a safe haven bid as fresh worries over Sino-US frictions and fears of a slowdown in global economic growth sapped investors' confidence. Inve
Published 31 Oct, 2018 12:00am
Trade war worries boost dollar in Europe
Currency

Trade war worries boost dollar in Europe

The dollar hit a new 2 1/2-month high on Tuesday, supported by worries about an escalation of the Sino-US trade war and more signs the United States economy is outperforming rivals, while weak euro zone growth knocked the single currency lower.
Published 31 Oct, 2018 12:00am
Early trade in New York: dollar holds near 2-1/2 month high

Early trade in New York: dollar holds near 2-1/2 month high

The dollar held on to modest gains near a 2 1/2-month high against a basket of major currencies on Tuesday, supported by worries about an escalation of the Sino-US trade war and more signs the United States economy is outperforming its peers. The dollar i
Published 31 Oct, 2018 12:00am
Dollar gains against euro in New York
Currency

Dollar gains against euro in New York

The dollar edged higher against the euro on Monday, close to a 10-week high hit last week, on news German Chancellor Angela Merkel would not seek re-election as head of her CDU party. More broadly, the dollar added to recent gains against other major curr
Published 31 Oct, 2018 12:00am
Aussie, kiwi up

Aussie, kiwi up

The Australian and New Zealand dollars jumped on Tuesday as investors picked up risky assets although analysts warned any rally is likely to be short-lived amid simmering global trade tensions. The antipodean currencies hit one-week highs on the safe-have
Published 31 Oct, 2018 12:00am
Turkish lira up
Currency

Turkish lira up

Turkey's lira firmed more than one percent on Tuesday as it continued to recover some of this year's steep losses on the back of easing concerns over the central bank's independence and strained ties between Ankara and Washington. The lira, which slumped
Published 31 Oct, 2018 12:00am
Sterling sinks against dollar, euro

Sterling sinks against dollar, euro

Sterling sank against the dollar and euro on Tuesday as concern about Britain's departure from the European Union led investors to largely ignore hopes of an end to austerity raised by finance minister Philip Hammond. The pound has weakened 4 percent in O
Published 31 Oct, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,597. The traded value of Metals, Energy and COTS/FX was recorded at 27.999 billion and the number of lots traded 30,408.
Published 31 Oct, 2018 12:00am
Chinese iron ore futures rise to eight months high

Chinese iron ore futures rise to eight months high

Chinese iron ore futures climbed to their highest in almost eight months on Monday, supported by firm demand for the steelmaking raw material in the world's top consumer as stockpiles at its ports dropped last week. Inventories of iron ore at China's majo
Published 31 Oct, 2018 12:00am
European wheat futures lower on tepid export

European wheat futures lower on tepid export

European wheat futures ended lower on Monday as a pre-weekend rally faded in the face of still tepid export activity. Benchmark December milling wheat on Paris-based Euronext settled 2.00 euros lower at 200.50 euros a tonne, retreating from an earlier 12-
Published 31 Oct, 2018 12:00am
Asian gasoline sinks to 27 months low

Asian gasoline sinks to 27 months low

Asia's gasoline crack tanked for a third session to a 27-month low on Monday at $1.78 a barrel while the Asian naphtha margin also fell, hitting its lowest in nearly nine months at $58.60 a tonne as abundant supply battered the light ends market.
Published 31 Oct, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 138,727 tonnes of cargo comprising 120,878 tonnes of import cargo and 17,849 tonnes of export cargo including 5,572 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 31 Oct, 2018 12:00am
Firm trend prevails on cotton market
Cotton

Firm trend prevails on cotton market

Firm trend prevailed on the cotton market on Tuesday in the process of trading, dealers said. The official spot rate was unchanged at Rs 8,650, they added. Prices of seed cotton in Sindh were at Rs 3600-4100, in the Punjab seed cotton prices were at Rs 36
Published 31 Oct, 2018 12:00am
BoP partners with PSCA for e-challan collection

BoP partners with PSCA for e-challan collection

The Bank of Punjab, in its endeavour to automate the collection of government receipts, has taken another step towards the facilitation of Punjab citizens. Subsequent to the Lahore High Court's instructions for the improvement of traffic in Lahore, PSCA h
Published 31 Oct, 2018 12:00am
JCR-VIS assigns initial entity ratings to SPPL

JCR-VIS assigns initial entity ratings to SPPL

JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial long term entity rating of 'BBB+' (Triple B Plus) and short term rating of 'A-2' (A-Two) to SaakhPharma Private Limited (SPPL). Long term rating of BBB+ signifies adequate credit quality
Published 31 Oct, 2018 12:00am
JCR-VIS assigns initial entity ratings to SPPL

JCR-VIS assigns initial entity ratings to SPPL

JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial long term entity rating of 'BBB+' (Triple B Plus) and short term rating of 'A-2' (A-Two) to SaakhPharma Private Limited (SPPL). Long term rating of BBB+ signifies adequate credit quality
Published 31 Oct, 2018 12:00am
SECP approves new life insurance product

SECP approves new life insurance product

The SECP has approved a new life insurance product, which is equipped with insurance technology features such as artificial intelligence and data analytics. The product is first of its kind in Pakistan and has been introduced by the relevant insurance com
Published 31 Oct, 2018 12:00am
Population growth: SC asks government to convene CCI moot within 10 days

Population growth: SC asks government to convene CCI moot within 10 days

The Supreme Court on Tuesday directed the federal government to convene a meeting of Council of Common Interests (CCI) within 10 days to discuss recommendations of the task force on alarming population growth. The court directed the print and electronic m
Published 31 Oct, 2018 12:00am
Hascol Petroleum Limited
Mutual Funds

Hascol Petroleum Limited

When it comes to oil marketing downstream sector, Hascol Petroleum Limited (PSX: HASCOL) has built quite a presence in just a decade. Via its strong linkages, it is the second largest OMC today after PSO. Hascol Petroleum Limited was incorporated in Pakis
Published 31 Oct, 2018 12:00am
Hascol Petroleum Limited
Mutual Funds

Hascol Petroleum Limited

When it comes to oil marketing downstream sector, Hascol Petroleum Limited (PSX: HASCOL) has built quite a presence in just a decade. Via its strong linkages, it is the second largest OMC today after PSO. Hascol Petroleum Limited was incorporated in Pakis
Published 31 Oct, 2018 12:00am
Saliha Saeed assumes charge of Lahore's Deputy Commissioner

Saliha Saeed assumes charge of Lahore's Deputy Commissioner

Deputy Commissioner Lahore Saliha Saeed on Monday took charge of her office; she becomes the first female run the affairs of the second biggest city of Pakistan. After joining her office, Saliha Saeed held introductory meeting with the officers of differe
Published 31 Oct, 2018 12:00am
Punjab Bait-ul-Maal Council lying idle for five months

Punjab Bait-ul-Maal Council lying idle for five months

The Punjab Bait-ul-Maal Council has not provided financial assistance of a single penny to any needy person, particularly poor widows and orphans, for almost six months, it emerged on Tuesday.
Published 31 Oct, 2018 12:00am
PM urged to ensure 30 percent local participation in CPEC projects

PM urged to ensure 30 percent local participation in CPEC projects

The power sector & construction industry circles have demanded of the Prime Minister Imran Khan to ensure 30 percent local participation in projects under the China Pakistan Economic Corridor (CPEC) in his talks with the Chinese leadership during his upco
Published 31 Oct, 2018 12:00am
Minister lauds successful bone marrow transplantation of 10 kids

Minister lauds successful bone marrow transplantation of 10 kids

Punjab Minister for Health Dr Yasmin Rashid has said the Punjab government will take every possible step to enhance capacity of bone marrow transplantation units at Lahore Children Hospital, Bahawalpur and Multan. She was addressing a ceremony arranged in
Published 31 Oct, 2018 12:00am
Armed forces' sacrifices to be written in golden words: Buzdar

Armed forces' sacrifices to be written in golden words: Buzdar

The Punjab chief minister Sardar Usman Buzdar in a meeting with the Corps Commander Lahore Lt Gen Aamer Riaz, here on Tuesday, said the role played by armed forces of Pakistan in war against terrorism will be written in the annals of history in golden wor
Published 31 Oct, 2018 12:00am
Iodine mixed salt may cause health complications: VC UAF

Iodine mixed salt may cause health complications: VC UAF

Iodine mixed salt is made for people who are iodine deficient whereas its usual usage for the normal people causes different health complications, said University of Agriculture Faisalabad Vice Chancellor Dr Zafar Iqbal Randhawa.
Published 31 Oct, 2018 12:00am
Cement makers' PAT declines considerably in 1QFY18

Cement makers' PAT declines considerably in 1QFY18

Profit after taxation (PAT) of cement manufacturers listed on Pakistan Stock Exchange has declined enormously in 1QFY18, ranging from 85 percent to 17 percent, as compared to same period last year. Profitability of the cement industry was continuously dec
Published 31 Oct, 2018 12:00am
Five dairy production units sealed

Five dairy production units sealed

The Punjab Food Authority (PFA) enforcement teams have unearthed five illicit dairy production units and sealed all sites for producing fake milk. The raids were conducted in the areas of Sahiwal, Arifwala and Pakpattan on Tuesday.
Published 31 Oct, 2018 12:00am
Atlas autos to invest $20 million over next three years

Atlas autos to invest $20 million over next three years

With an overall investment of around US$20 million, Atlas Autos (Private) Limited has inaugurated its D I D's assembly plant established under technical collaboration with DAIDO Kogyo Co. Ltd., Japan - known as a technical innovator in the chain drive mar
Published 31 Oct, 2018 12:00am
PM, Punjab CM discuss government's 100-day agenda

PM, Punjab CM discuss government's 100-day agenda

Punjab Chief Minister Sardar Usman Buzdar Tuesday briefed Prime Minister Imran Khan on the steps taken by the provincial government for implementation of 100 days agenda. Imran Khan, who met CM Buzdar during his visit to Lahore, discussed political, admin
Published 31 Oct, 2018 12:00am
Spain evinces interest in developing tourism

Spain evinces interest in developing tourism

Spain is ready to cooperate with Pakistan in expanding their bilateral trade with a focused approach on food processing and tourism development. Addressing the members of the Faisalabad Chamber of Commerce & Industry (FCCI) here on Tuesday, Misuel Pena, E
Published 31 Oct, 2018 12:00am
PARC, USTB sign MoU

PARC, USTB sign MoU

A signing Ceremony of Memorandum of Understanding was held at PARC HQs, Islamabad between Pakistan Agricultural Research Council (PARC), Islamabad and University of Science and Technology Bannu (USTB), Khyber Pakhtunkhwa to undertake a program of scientif
Published 31 Oct, 2018 12:00am
FBR to update Umar about collection position tomorrow

FBR to update Umar about collection position tomorrow

The Federal Board of Revenue (FBR) will brief Finance Minister Asad Umar on Track & Trace System in the tobacco industry as well as on revenue collection position during July-October (2018-19) and reforms on November 1, 2018 at the FBR House. It is learnt
Published 31 Oct, 2018 12:00am
Sanjrani for relaxing visa restrictions among Asian countries

Sanjrani for relaxing visa restrictions among Asian countries

Acting President Muhammad Sadiq Sanjrani has emphasised the need for relaxing visa restrictions among Asian countries. The Acting President expressed these views during his meetings with different foreign delegations on the sidelines of the conference of
Published 31 Oct, 2018 12:00am
Czech Republic's consulate opens in Peshawar

Czech Republic's consulate opens in Peshawar

The Ambassador of Czech Republic, Jan Fury inaugurated the Honorary Consulate here on Tuesday. Asad Saifullah Khan has been nominated as Honorary Consul General of the Czech Republic in Khyber Pakhtunkhwa. Besides, First Secretary at the embassy of Czech
Published 31 Oct, 2018 12:00am
Agriculture sector: Pakistan can benefit from Chinese expertise: PM

Agriculture sector: Pakistan can benefit from Chinese expertise: PM

Prime Minister Imran Khan on Tuesday said Pakistan could greatly benefit from Chinese expertise in the agriculture sector and opined that strengthening cooperation in agriculture would be one of the priority agenda of his forthcoming visit to China. Chair
Published 31 Oct, 2018 12:00am
Minister says no relief to any corrupt person

Minister says no relief to any corrupt person

Federal Minister for National Health Services, Regulation and Coordination, Aamir Mehmood Kiani has said the government will provide no relief to any corrupt person in the country. While talking to media persons outside the Parliament House here on Tuesda
Published 31 Oct, 2018 12:00am
One Khassadar killed in Mohmand blast

One Khassadar killed in Mohmand blast

One Khassadar was killed in Improvised Explosive Device (IED) blast in Alingar area of Safi tehsil border area of tribal district Mohmand. According to sources, one of the district administration official confirmed that an IED blasted on one Khassadar Ess
Published 31 Oct, 2018 12:00am
Newsman among four killed in Charsadda firing

Newsman among four killed in Charsadda firing

Four people, including General Secretary of the Charsadda Press Club Ahsan Sherpao, were shot dead in district Charsadda on Tuesday over an alleged domestic dispute. According to the police, the suspect, Arshad Jamal, shot dead his mother, sister-in-law a
Published 31 Oct, 2018 12:00am
Sanofi Pakistan initiates second wave of global programme KiDS

Sanofi Pakistan initiates second wave of global programme KiDS

Sanofi Pakistan initiated 2nd wave of international programme KiDS (Kids and Diabetes in Schools) with multiple partners, including Zindagi Trust, Karachi Theater Production, eminent endocrinologists from Karachi and Islamabad and 30 educational institute
Published 31 Oct, 2018 12:00am
Chehlum of Karbala's martyrs observed peacefully

Chehlum of Karbala's martyrs observed peacefully

Tens of thousands of Muslim devotees on Tuesday thronged to M A Jinnah Road to attend the Chehlum of Imam Hussain (AS) and his loyal companions who sacrificed their lives in the soil of Karbala for the noble cause of humanity and justice. A number of smal
Published 31 Oct, 2018 12:00am
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