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Nov 14, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-11-02
Imran Khan urged by Engineer to restore India-Pakistan Test links

Imran Khan urged by Engineer to restore India-Pakistan Test links

India great Farokh Engineer has called on former Pakistan captain turned Prime Minister Imran Khan to use his political clout to help restore Test match links between the border rivals. Despite wild enthusiasm about cricket in both nations, the two have n
Published 02 Nov, 2018 12:00am
Vietnam to host F1 race in 2020

Vietnam to host F1 race in 2020

Vietnam will host a Formula One race in April 2020, Hanoi city officials said Thursday, becoming the third Southeast Asian nation to welcome top-flight racing as the franchise seeks to move into new markets. The race will be hosted in the capital Hanoi, w
Published 02 Nov, 2018 12:00am
Azhar Ali announces retirement from ODI cricket

Azhar Ali announces retirement from ODI cricket

Former Pakistan captain Azhar Ali, who represented Pakistan in 53 ODIs Thursday announced his retirement from ODI cricket, in order to prolong his Test career. "It is not a decision that I have taken suddenly; I had been considering this for quite some ti
Published 02 Nov, 2018 12:00am
Indian NSE down

Indian NSE down

Indian shares ended little changed on Thursday as losses in IT stocks, pressured by a strong rupee, marginally outweighed gains in the financial sector. The broader NSE index ended 0.06 percent lower at 10,380.45, while the benchmark BSE index closed most
Published 02 Nov, 2018 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks closed lower on Thursday, with major telecom firms plunging after one company announced it would slash fees, while fresh concerns emerged over the prospects for the Chinese economy. The benchmark Nikkei 225 index fell 1.06 percent, or 232.81
Published 02 Nov, 2018 12:00am
Thursday's early afternoon trade: stocks up for third day

Thursday's early afternoon trade: stocks up for third day

US stocks rose for a third straight day on Thursday, as industrials gained after President Donald Trump said trade talks with China were "moving along nicely" and healthy results from chipmakers boosted optimism. Trump said he plans to meet with his Chine
Published 02 Nov, 2018 12:00am
Wall Street ends last day of haunted October in the black

Wall Street ends last day of haunted October in the black

US stocks rebounded for a second day on Wednesday as investors snapped up beaten-down technology and internet favorites and strong company results lifted spirits, even as the S&P 500 closed out its worst month in seven years. The S&P 500 lost 6.9 percent
Published 02 Nov, 2018 12:00am
Petrochemical firms weigh on Saudi index, most Gulf markets mixed

Petrochemical firms weigh on Saudi index, most Gulf markets mixed

Saudi Arabia's stock market edged lower in quiet trading on Thursday, pressured by petrochemical and bank shares, while Dubai gained on the back of real estate stocks. The kingdom's main index reversed course to fall 0.4 percent, a day after breaching its
Published 02 Nov, 2018 12:00am
Treasury yields move higher

Treasury yields move higher

US Treasury yields rose on Wednesday in step with equities, as a stronger stock market reduced safe-haven demand for US government debt. US stocks were higher as investors cheered strong company results led by Facebook Inc and snapped up beaten-down techn
Published 02 Nov, 2018 12:00am
Treasury yields move higher

Treasury yields move higher

US Treasury yields rose on Wednesday in step with equities, as a stronger stock market reduced safe-haven demand for US government debt. US stocks were higher as investors cheered strong company results led by Facebook Inc and snapped up beaten-down techn
Published 02 Nov, 2018 12:00am
China stocks gain for third straight day

China stocks gain for third straight day

Stocks in China rose for the third straight day on Thursday after the politburo, a top decision-making body of the ruling Communist Party, announced policy measures to support capital markets and the economy. The Shanghai Composite index edged up 0.13 per
Published 02 Nov, 2018 12:00am
Strong earnings from ING, BT help European shares to two-week high

Strong earnings from ING, BT help European shares to two-week high

European shares hit a two-week high on Thursday as strong results from Dutch bank ING and UK telecoms group BT helped offset a disappointing update from Credit Suisse, and ASM International brought some cheer to chipmakers. The pan-European STOXX 600 hit
Published 02 Nov, 2018 12:00am
Southeast Asian stocks subdued; Singapore climbs

Southeast Asian stocks subdued; Singapore climbs

Singapore shares climbed to a one-week high on Thursday as lenders rallied after Oversea-Chinese Banking Corp posted a record quarterly profit, while other markets in the region were subdued. Singapore shares ended 1.4 percent higher after lender OCBC rep
Published 02 Nov, 2018 12:00am
Brexit-fuelled pound surge weighs on FTSE
Currency

Brexit-fuelled pound surge weighs on FTSE

UK shares fell on Thursday, snapping three days of gains, even after strong trading updates from BT and Smith & Nephew as optimistic news on Brexit led to a surge in the pound which acts as an accounting drag on blue chips' foreign revenues. London's FTSE
Published 02 Nov, 2018 12:00am
NAB earnings slide on restructuring, scandal costs

NAB earnings slide on restructuring, scandal costs

National Australia Bank reported Thursday a 14.2 percent drop in cash earnings to AU$5.7 billion (US$4.0 billion) due to restructuring charges and the costs of repaying customers impacted by bank misconduct. NAB's profit in the year to September 30 was st
Published 02 Nov, 2018 12:00am
Novo Nordisk cuts jobs, profit slips

Novo Nordisk cuts jobs, profit slips

Novo Nordisk, the world's top manufacturer of insulin, announced Thursday it is cutting 1,300 jobs as part of a restructuring of its research and development operations. "The total workforce is expected to be reduced by approximately 1,300 employees befor
Published 02 Nov, 2018 12:00am
Petrobras sells African oil business for $1.4 billion

Petrobras sells African oil business for $1.4 billion

Brazilian state oil company Petrobras on Wednesday announced the sale of its holdings in two Nigerian oil blocks for $1.4 billion, part of the ailing firm's bid to sell off assets and raise cash. Petrobras will sell its 50-percent stake in the joint ventu
Published 02 Nov, 2018 12:00am
UK police open probe into biggest Brexit donor

UK police open probe into biggest Brexit donor

British police launched a criminal investigation on Thursday into a top Brexit donor over his alleged use of offshore companies to finance the campaign to leave the European Union. "Our investigation relates to suspected electoral law offences... as well
Published 02 Nov, 2018 12:00am
Xi admits 'uncertainty' in China's economy
Currency

Xi admits 'uncertainty' in China's economy

President Xi Jinping sought to reassure Chinese entrepreneurs at a meeting Thursday with promises to prop up private firms with lower taxes and more funding, as he acknowledged uncertainty in China's economy. Xi held the meeting amid signs that the world'
Published 02 Nov, 2018 12:00am
US labour market tightening; manufacturing slowing

US labour market tightening; manufacturing slowing

New applications for US unemployment aid fell last week and the number of Americans receiving benefits was the lowest in more than 45 years as labour market conditions tightened further. Other data on Thursday showed worker productivity slowing in the thi
Published 02 Nov, 2018 12:00am
New York Times in profit column as digital subscriptions rise

New York Times in profit column as digital subscriptions rise

  • The New York Times said Thursday that digital subscriptions topped three million in the past quarter, keeping the prestigious daily profitable in a difficult environment for the news media. With a gain of 203,000 online-only subscribers in the third qua
Published 02 Nov, 2018 12:00am
New York Times in profit column as digital subscriptions rise

New York Times in profit column as digital subscriptions rise

  • The New York Times said Thursday that digital subscriptions topped three million in the past quarter, keeping the prestigious daily profitable in a difficult environment for the news media. With a gain of 203,000 online-only subscribers in the third qua
Published 02 Nov, 2018 12:00am
Shell profits gush on higher oil prices

Shell profits gush on higher oil prices

Royal Dutch Shell said Thursday that net profit jumped 43 percent in the third quarter, energised like its competitors by rising oil and gas prices. Profit after tax leapt to $5.84 billion (5.15 billion euros) in the three months to September from $4.09 b
Published 02 Nov, 2018 12:00am
Shell profits gush on higher oil prices

Shell profits gush on higher oil prices

Royal Dutch Shell said Thursday that net profit jumped 43 percent in the third quarter, energised like its competitors by rising oil and gas prices. Profit after tax leapt to $5.84 billion (5.15 billion euros) in the three months to September from $4.09 b
Published 02 Nov, 2018 12:00am
Barnier denies Brexit deal reached on financial services

Barnier denies Brexit deal reached on financial services

The EU's chief Brexit negotiator Michel Barnier denied Thursday a report claiming that London and Brussels had reached a preliminary agreement covering financial services and data. The Times newspaper said a deal had been struck that would see UK financia
Published 02 Nov, 2018 12:00am
World Bank approves $1.2 billion in grants, loans to Ethiopia

World Bank approves $1.2 billion in grants, loans to Ethiopia

The World Bank has approved $1.2 billion in grants and loans to Ethiopia. The bank said in a statement posted on its website late on Tuesday that the funds - a $600 million grant and a $600 million loan -would go towards supporting reforms in the financia
Published 02 Nov, 2018 12:00am
Germans vent VW fury in mass 'dieselgate' suit

Germans vent VW fury in mass 'dieselgate' suit

German consumer groups filed Thursday the country's first class-action suit over Volkswagen's emissions cheating scandal, in a first taste for the auto giant of the anger felt by duped diesel drivers. Consumer association VZBV said in a statement it had f
Published 02 Nov, 2018 12:00am
Standard Chartered profits up by quarter in January-September

Standard Chartered profits up by quarter in January-September

Asia-focused bank Standard Chartered on Wednesday said pre-tax profits rose 25 percent in the first nine months of the year, and warned it was keeping tabs on worsening China-US trade tensions. The results come as the world's top two economies have impose
Published 02 Nov, 2018 12:00am
Standard Chartered profits up by quarter in January-September

Standard Chartered profits up by quarter in January-September

Asia-focused bank Standard Chartered on Wednesday said pre-tax profits rose 25 percent in the first nine months of the year, and warned it was keeping tabs on worsening China-US trade tensions. The results come as the world's top two economies have impose
Published 02 Nov, 2018 12:00am
Eurozone inflation rises to 2.2 percent in October
Currency

Eurozone inflation rises to 2.2 percent in October

Eurozone inflation rose to 2.2 percent in October, official data showed on Wednesday, moving further away from the European Central Bank's (ECB) target rate, as unemployment in the single currency zone remained stable. The rise from 2.1 percent in Septemb
Published 02 Nov, 2018 12:00am
Danske Bank admits 'huge task' to regain trust

Danske Bank admits 'huge task' to regain trust

The acting head of Danske Bank acknowledged Thursday that the Danish lender has its work cut out to regain trust after becoming embroiled in a massive money-laundering scandal. "We know that we have a huge task ahead of us in restoring the trust of our cu
Published 02 Nov, 2018 12:00am
Canada economy grows for seventh month, no quick rate hike seen

Canada economy grows for seventh month, no quick rate hike seen

Canada's economy grew for a seventh month in a row in August, its longest stretch of expansion for more than a year, but analysts said the Bank of Canada was under little pressure to raise interest rates again next month. Statistics Canada said on Wednesd
Published 02 Nov, 2018 12:00am
Number of insolvent UK firms rises at fastest pace since 2009

Number of insolvent UK firms rises at fastest pace since 2009

The number of companies in England and Wales falling into financial distress is rising at the fastest pace since 2009, according to data on Tuesday that suggests the trouble suffered by big firms is indicative of a wider, deep-seated trend.
Published 02 Nov, 2018 12:00am
Sterling shines in Asian trade
Currency

Sterling shines in Asian trade

The British pound jumped on Thursday on a report that Prime Minister Theresa May has struck a deal with Brussels that would give UK financial services companies continued access to European markets after Brexit. Sterling firmed as much as 0.6 percent agai
Published 02 Nov, 2018 12:00am
Euro, emerging markets rebound in Europe
Currency

Euro, emerging markets rebound in Europe

The euro rebounded from 2-1/2 month lows on Thursday as currencies hit hard by recent dollar buying roared higher, with the mood for risk-taking starting the month on a much more positive footing. Analysts said a flood of end-of-month buying of dollars on
Published 02 Nov, 2018 12:00am
Early trade in New York: sterling soars, dollar index retreats
Currency

Early trade in New York: sterling soars, dollar index retreats

The dollar retreated across the board on Thursday and sterling rose the most in nine months on reports that London is close to sealing a financial services deal with Brussels. Currencies hit hard by recent dollar buying soared as safe-haven demand for the
Published 02 Nov, 2018 12:00am
Dollar rises to new 16-month high in New York
Currency

Dollar rises to new 16-month high in New York

US dollar edged up to a fresh 16-month high against a basket of key currencies on Wednesday on the back of continued US economic strength. The dollar index, a gauge of its value versus six major peers, rose 0.08 percent to 97.09, its highest since June 20
Published 02 Nov, 2018 12:00am
Aussie, kiwi up

Aussie, kiwi up

The Australian dollar edged higher on Thursday after the country's trade surplus swelled to a near two-year peak in September helped by a bumper run in resource exports, while the New Zealand dollar was also buoyant. Data from the Australian Bureau of Sta
Published 02 Nov, 2018 12:00am
Asian currencies toughen
Currency

Asian currencies toughen

Asian currencies strengthened on Thursday with investors in the region encouraged by China's plans to boost infrastructure spending, although sustained strength in the US economy still threatened to draw money away from emerging markets. China said it wil
Published 02 Nov, 2018 12:00am
Sterling has second biggest rise in 2018
Currency

Sterling has second biggest rise in 2018

Sterling rallied on Thursday on reports that London is close to sealing a financial services deal with Brussels, and as the Bank of England hinted that future interest rate rises would be slightly faster if Brexit goes smoothly.
Published 02 Nov, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,580. The traded value of Metals, Energy and COTS/FX was recorded at 8.902 billion and the number of lots traded 11,755. Major business was contributed by NSDQ100 amount
Published 02 Nov, 2018 12:00am
CBOT soyabean rises on technical buying

CBOT soyabean rises on technical buying

Chicago Board of Trade soyabean futures ended higher on technical buying on Wednesday in a recovery from six-week lows reached earlier in the session, traders said. CBOT November soyabeans ended up 5-1/2 cents at $8.39 a bushel. The front month contract t
Published 02 Nov, 2018 12:00am
CBOT wheat futures rise

CBOT wheat futures rise

Nearby Chicago Board of Trade wheat futures closed above $5 a bushel on Wednesday on position squaring on the last day of the month, traders said. CBOT December soft red winter wheat closed up 3/4 cent at $5.00-1/2 a bushel. Deferred contracts finished we
Published 02 Nov, 2018 12:00am
Paris wheat slips to new six weeks low

Paris wheat slips to new six weeks low

Euronext wheat futures fell to a new six-week low on Wednesday, pressured by a slide in Chicago prices that outweighed a potential export boost from a weaker euro. December milling wheat on Paris-based Euronext unofficially closed down 0.50 euro, or 0.3 p
Published 02 Nov, 2018 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 81,965 tonnes of cargo comprising 51,251 tonnes of import cargo and 30,714 tonnes of export cargo including 3,823 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of 51
Published 02 Nov, 2018 12:00am
Steady trend witnessed
Cotton

Steady trend witnessed

Steady trend was witnessed on the cotton market on Thursday in the process of modest 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
Published 02 Nov, 2018 12:00am
Lean business seen on cotton market
Cotton

Lean business seen on cotton market

Due to Chehlum earlier this week and social unrest following the release of a Christian lady from jail where she was interred for blasphemy, cotton business remained slow for the better part of this week. However, the tone of the market reportedly remaine
Published 02 Nov, 2018 12:00am
Lean business seen on cotton market
Cotton

Lean business seen on cotton market

Due to Chehlum earlier this week and social unrest following the release of a Christian lady from jail where she was interred for blasphemy, cotton business remained slow for the better part of this week. However, the tone of the market reportedly remaine
Published 02 Nov, 2018 12:00am
Asian gasoline crack at four sessions high

Asian gasoline crack at four sessions high

Asia's gasoline crack was at a four-session high on Wednesday at $2.99 a barrel after falling to a 27-month low on Monday but the current margin still reflected a market awash with supplies as it was 68.4 percent lower than a year ago. Gasoline stocks in
Published 02 Nov, 2018 12:00am
Chinese steel prices fall on trade tensions

Chinese steel prices fall on trade tensions

China steel prices fell for a third session on Wednesday as the country's manufacturing sector posted its weakest growth in more than two years, even as a key steelmaking hub was reported to have issued a pollution alert requiring mills to halve output. T
Published 02 Nov, 2018 12:00am
Palm oil hits over three-year low
Vegetable Oil

Palm oil hits over three-year low

Malaysian palm oil futures hit their lowest in more than three years on Thursday, edging down at the end of the trading day for a third straight session of losses, tracking weakness in related edible oils. The benchmark palm oil contract for January deliv
Published 02 Nov, 2018 12:00am
Metals rise on wider market rebound, dollar fall

Metals rise on wider market rebound, dollar fall

Aluminium rebounded from a 15-month low on Thursday, rising alongside other metals as buyers returned to markets, denting the dollar. Three-month aluminium on the London Metal Exchange (LME) ended 0.6 percent higher at $1,966 tonnes after touching an Augu
Published 02 Nov, 2018 12:00am
Oil prices drop as wave of supply meets global economic gloom

Oil prices drop as wave of supply meets global economic gloom

Oil fell nearly 3 percent on Thursday, with US crude futures hitting lows not seen since April, due to growing concerns that global demand is weakening at a time when output from the world's major oil producers is surging.
Published 02 Nov, 2018 12:00am
Tokyo rubber drops

Tokyo rubber drops

Benchmark Tokyo rubber futures slid on Thursday, weighed down by declining crude oil prices and weak fundamentals, even though Shanghai recovered from three sessions of falls. The Tokyo Commodity Exchange rubber contract for April delivery
Published 02 Nov, 2018 12:00am
Arabica coffee climbs, New York cocoa hits Six-week peak
Currency

Arabica coffee climbs, New York cocoa hits Six-week peak

Arabica coffee futures rallied on Thursday, boosted by renewed buying on US dollar weakness and a stronger Brazilian currency, while New York cocoa rose to its highest in more than six weeks. December arabica coffee settled up 5.1 cent, or 4.5 percent, at
Published 02 Nov, 2018 12:00am
Gold slides in New York

Gold slides in New York

Gold fell to a near three-week low on Wednesday as the dollar scaled a 16-month peak and a stock market rebound stirred renewed appetite for riskier investments. However, the metal stayed on track for its best month since January, with a 1.7 percent gain
Published 02 Nov, 2018 12:00am
Gold recovers in Asia

Gold recovers in Asia

Gold recovered on Thursday from a three-week low hit in the previous session as the recent drop in metal prices and an easing of the US dollar from multi-month highs stoked buying. Spot gold was up 0.8 percent at $1,222.41 per ounce, at 0744 GMT, after fa
Published 02 Nov, 2018 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose more than 1 percent on Thursday, rebounding from a three-week low touched in the previous session, and spurred by the dollar's retreat from multi-month highs. After falling for three days, spot gold gained 1.2 percent at $1,229.21 per ounce by 1
Published 02 Nov, 2018 12:00am
US MIDDAY: soyabeans rally

US MIDDAY: soyabeans rally

US soyabean futures rose nearly 4 percent on Thursday on hopes for easing tensions between the United States and China after President Donald Trump said trade talks with Beijing were "moving along nicely". Corn and wheat also firmed, following soyabeans a
Published 02 Nov, 2018 12:00am
US MIDDAY: gold jumps over one percent

US MIDDAY: gold jumps over one percent

Gold rose more than 1 percent on Thursday, bouncing off a three-week low touched in the previous session as the dollar retreated from recent highs, making the metal cheaper for holders of other currencies. Spot gold gained 1.5 percent at $1,232.09 per oun
Published 02 Nov, 2018 12:00am
Super-computer brings 'cloud' to astronauts in space

Super-computer brings 'cloud' to astronauts in space

A super-computer at the International Space Station aims to bring "cloud" computing to astronauts in space and speed up their ability to run data analysis in orbit, Hewlett-Packard Enterprise said Thursday. A SpaceX cargo capsule delivered the equipment,
Published 02 Nov, 2018 12:00am
South African president fires tax boss

South African president fires tax boss

South Africa's President Cyril Ramaphosa on Thursday sacked the head of the country's tax collection agency, an ally of scandal-tainted former leader Jacob Zuma, said the presidency. The president dismissed Tom Moyane after a judiciary inquiry recommended
Published 02 Nov, 2018 12:00am
Russia slaps sanctions on Ukraine politicians, businesses

Russia slaps sanctions on Ukraine politicians, businesses

Russia on Thursday imposed financial sanctions on hundreds of Ukrainian individuals and dozens of companies, in what it described as countermeasures for Kiev's actions against Moscow. Prime Minister Dmitry Medvedev signed the document published by the gov
Published 02 Nov, 2018 12:00am
Coalition working to ease tensions between Turkey, Syria Kurds

Coalition working to ease tensions between Turkey, Syria Kurds

Turkish and US troops began joint patrols on Thursday in the Syrian city of Manbij as the US-led coalition against the Islamic State group sought to calm renewed tensions between Ankara and a Kurdish-led Syrian alliance fighting the jihadists. Earlier thi
Published 02 Nov, 2018 12:00am
Nasheed ends exile

Nasheed ends exile

Former Maldives president Mohamed Nasheed returned home from exile Thursday, two days after the country's Supreme Court withdrew a warrant for his arrest. Nasheed, who had been jailed for 13 years on a controversial terrorism charge, was welcomed at Male
Published 02 Nov, 2018 12:00am
UN rejects US bid to criticize Cuba and calls for end to embargo

UN rejects US bid to criticize Cuba and calls for end to embargo

The UN General Assembly on Thursday called for an end to the decades-old US embargo on Cuba, adopting a resolution by an overwhelming majority and rejecting US moves to criticize Havana's human rights record. It was the 27th time that the 193-nation assem
Published 02 Nov, 2018 12:00am
Ethiopia appoints first woman to head supreme court

Ethiopia appoints first woman to head supreme court

Ethiopia's parliament on Thursday appointed the country's first female supreme court chief, the latest post in a trend of elevating women to high offices, a top official said. Meaza Ashenafi's appointment as president of the highest court followed Prime M
Published 02 Nov, 2018 12:00am
China hosts El Salvador, Dominican leaders after Taiwan switch

China hosts El Salvador, Dominican leaders after Taiwan switch

Chinese President Xi Jinping greeted El Salvador's President Salvador Sanchez Ceren on Thursday, pledging aid to the Central American country months after it switched allegiance from Taiwan to Beijing. Xi is hosting Sanchez Ceren and the leader of another
Published 02 Nov, 2018 12:00am
South Korean court allows conscientious objection to military service

South Korean court allows conscientious objection to military service

South Korea's supreme court ruled Thursday that moral and religious beliefs are valid reasons to refuse the country's mandatory military service, in a case that has implications for hundreds of conscientious objectors. Some 65 years after the end of the K
Published 02 Nov, 2018 12:00am
Trump slaps 'tough' sanctions on Venezuela, targets gold sector: Bolton

Trump slaps 'tough' sanctions on Venezuela, targets gold sector: Bolton

The White House imposed "tough" new sanctions against Venezuela on Thursday, denouncing Caracas as being part of a "troika of tyranny" that includes Cuba and Nicaragua. National Security Advisor John Bolton told an audience at Miami Dade College that the
Published 02 Nov, 2018 12:00am
Five-man body formed for appointment of PTA members

Five-man body formed for appointment of PTA members

The federal government has constituted a five-member committee to be headed by Minister of State for Communications Murad Saeed for appointment of member (technical) and member (compliance & enforcement), Pakistan Telecommunication Authority (PTA).
Published 02 Nov, 2018 12:00am
Muhammad Zahid new DG I&I-FBR

Muhammad Zahid new DG I&I-FBR

Muhammad Zahid, Member Customs Federal Board of Revenue (FBR) has assumed the charge of the post of Director General, Directorate General of Intelligence & Investigation-FBR, Islamabad from October 31, 2018. According to a notification issued by the FBR h
Published 02 Nov, 2018 12:00am
Ogra reduces LPG price for November

Ogra reduces LPG price for November

Oil and Gas Regulatory Authority (Ogra) on Thursday decreased price of liquefied petroleum gas (LPG) by Rs 15 per kilogram for the month of November. Following the price reduction as per notification of the Authority, domestic cylinder will be sold at Rs
Published 02 Nov, 2018 12:00am
Pakistan, Uzbekistan discuss roadmap for trade cooperation

Pakistan, Uzbekistan discuss roadmap for trade cooperation

Uzbekistan has proposed groundbreaking initiatives including railroad between Pakistan and Uzbekistan passing through Afghanistan, as the two countries expressed the resolve to further enhance bilateral cooperation. The proposal was shared by the visiting
Published 02 Nov, 2018 12:00am
Jan Mohammad resumes charge of IGP Islamabad

Jan Mohammad resumes charge of IGP Islamabad

Following his overnight transfer and then top court's intervention, Inspector General of Police (IGP), Islamabad, Jan Muhammad, on Monday has again assumed charge of his post.
Published 02 Nov, 2018 12:00am
Moot on cement trading to begin on November 12

Moot on cement trading to begin on November 12

A three-day international cement production and trading conference is going to be held in the provincial metropolis from November 12-14, 2018. Senior representatives from the international cement sector will be attending this conference called 'INTERCEMT'
Updated 02 Nov, 2018 04:04pm
Growers advised to use approved wheat seed varieties

Growers advised to use approved wheat seed varieties

The Punjab Agriculture Department (PAD) has advised the growers from Barani areas to use only approved varieties of wheat seed for sowing to achieve maximum per acre yield. The department has urged the growers to complete their cultivation by November 15
Published 02 Nov, 2018 12:00am
Yasmin stresses need for comprehensive health policy

Yasmin stresses need for comprehensive health policy

The Punjab health minister Dr Yasmin Rashid, while emphasizing the need of concrete and long lasting health policy, has said that focus on rural health centers was crucial for achieving the Millennium Development Goals (MDGs). She said this while addressi
Published 02 Nov, 2018 12:00am
Plan evolved to create jobs in Punjab: minister

Plan evolved to create jobs in Punjab: minister

Punjab Minister for Industry and Trade Mian Aslam Iqbal has said that the government has evolved an effective action plan for creating job opportunities. The minister revealed this during a meeting with the managing director, Investment Reforms Unit P&D D
Published 02 Nov, 2018 12:00am
PEF discusses issues of partner schools

PEF discusses issues of partner schools

Colonel Imran Yaqub (retd), Managing Director Punjab Education Foundation (PEF), while presiding over the weekly coordination meeting to review progress and performance of various PEF programmes has directed that the issues of schools partnering with PEF
Published 02 Nov, 2018 12:00am
TLP protest: Lahore remains shut on second consecutive day

TLP protest: Lahore remains shut on second consecutive day

Closure of all major commercial centres and suspension of cellular service in certain parts of the provincial capital created severe problems for citizens on Thursday as supporters of some religio-political parties including the Tehreek-e-Labaik Pakistan
Published 02 Nov, 2018 12:00am
SCBA chief meets Elahi

SCBA chief meets Elahi

Supreme Court Bar Association (SCBA) newly-elected President Amanullah Kanrani along with a delegation called on Punjab Assembly Speaker Chaudhary Parvez Elahi here on Thursday. The members of the delegation included Tahir Nasrullah Warraich, Ali Ejaz But
Published 02 Nov, 2018 12:00am
LHC grants protective bail to Hamza Shahbaz

LHC grants protective bail to Hamza Shahbaz

The Lahore High Court on Thursday granted protective bail to opposition leader in Punjab Assembly Hamza Shehbaz Sharif till October 13 to avoid his arrest by the National Accountability Bureau (NAB) in different investigations including the Punjab Saaf Pa
Published 02 Nov, 2018 12:00am
All schools to remain closed today across Punjab

All schools to remain closed today across Punjab

All private and government schools in Lahore and across Punjab will remain closed today while it is expected that colleges and universities in Lahore will also remain closed. According to the announcement by government of Punjab due to traffic disruption
Published 02 Nov, 2018 12:00am
FPCCI rejects POL price hike

FPCCI rejects POL price hike

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday rejected the sharp increase in the price of petroleum products terming it a wrong decision which hits the economy and masses reeling under multiple problems. "The government
Published 02 Nov, 2018 12:00am
HEC-USEF to prepare 6,000 students for GRE/TOEFL

HEC-USEF to prepare 6,000 students for GRE/TOEFL

The Higher Education Commission (HEC) will provide coaching to 6,000 candidates of GRE/TOEFL in collaboration with the United States Education Foundation in Pakistan (USEFP), public sector universities and private sector trainers and firms. The training i
Published 02 Nov, 2018 12:00am
'Safety Week' for employees' awareness held at POF

'Safety Week' for employees' awareness held at POF

Safety Week in Pakistan Ordnance Factories was organized under the auspices of HSE Department. In order to educate POF employees a seminar was also organized in which the Speakers highlighted the importance of Health, Safety and Environment in an industry
Published 02 Nov, 2018 12:00am
Punjab CM vows to ensure writ of government

Punjab CM vows to ensure writ of government

The Punjab Chief Minister Sardar Usman Buzdar on Thursday said the government is cognizant of the troubles faced by the general public due to closure of traffic; therefore, immediate steps should be taken for alternate routes and citizens should also be i
Published 02 Nov, 2018 12:00am
Aasia Bibi to leave country

Aasia Bibi to leave country

Aasia Bibi plans to leave Pakistan, her family said Thursday as protesters mounted rallies for a second day against the verdict, blocking roads and burning tires. Bibi's acquittal immediately raised fears of violence and presented a challenge to the gover
Published 02 Nov, 2018 12:00am
FPCCI VP's proposals for boosting Pak-China horticulture trade

FPCCI VP's proposals for boosting Pak-China horticulture trade

Vice President of FPCCI and patron-in-chief of All Pakistan Fruit and Vegetable Exporters, Importers & Merchants Association (PFVA) Waheed Ahmed has sent comprehensive proposals to Adviser to the Prime Minister on Economic Affairs, Commerce, Industry and
Published 02 Nov, 2018 12:00am
Birth anniversary of Sir Aga Khan III today

Birth anniversary of Sir Aga Khan III today

The birth anniversary of Sir Sultan Mahomed Shah, Aga Khan III is being observed today. Sir Aga Khan III was the 48th hereditary Imam of the Shia Ismaili Muslims. He was born in Karachi in 1877 and dedicated his entire life to the cause of Islam.
Published 02 Nov, 2018 12:00am
KCCI urges government to ease inflation's burden on common man

KCCI urges government to ease inflation's burden on common man

President Karachi Chamber of Commerce and Industry (KCCI), Junaid Esmail Makda has called upon the government to review the overall inflationary situation and take steps to ease the burden on a common man and the industry as well, which would be warmly we
Published 02 Nov, 2018 12:00am
Aasia Bibi acquittal: sit-in protests threaten mayhem on Karachi streets

Aasia Bibi acquittal: sit-in protests threaten mayhem on Karachi streets

Normal life activities continued to remain adversely affected due to the protest sit-in on main thoroughfares in various parts of this port city against the acquittal of Aasia Bibi by the apex court in a case of blasphemy on second consecutive day (Thursd
Published 02 Nov, 2018 12:00am
Bait-ul-Mal MD meets NA speaker

Bait-ul-Mal MD meets NA speaker

Managing Director Pakistan Bait-ul-Mal Aon Abbas Buppi called on speaker National Assembly Asad Qaiser at Parliament House. The matter pertaining to overall domestic situations and other issues of mutual interest were discussed in the meeting. The speaker
Published 02 Nov, 2018 12:00am
NAB chief vows to root out corruption

NAB chief vows to root out corruption

Chairman National Accountability Bureau (NAB) former Justice Javed Iqbal has said that eradication of corruption from country is not only our national duty but is the top most priority of NAB. Chairing a meeting at the NAB headquarters, he said NAB has de
Published 02 Nov, 2018 12:00am
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