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Print - 2018-12-28
British business leaders' confidence sinks as Brexit looms

British business leaders' confidence sinks as Brexit looms

Business leaders' confidence in the British economy has sunk to its lowest level in more than 18 months as the risk of a no-deal Brexit in a little over three months grows, the Institute of Directors (IoD) said on Thursday. The group, which represents bus
Published 28 Dec, 2018 12:00am
Negotiations under way to eliminate double taxation: Tajik envoy

Negotiations under way to eliminate double taxation: Tajik envoy

Pakistan and Tajikistan are negotiating to eliminate double taxation in order to promote bilateral trades on sustained basis between the two countries, said ambassador of Tajikistan Jononov Sherali. Addressing the FCCI members at Faisalabad Chamber of Com
Published 28 Dec, 2018 12:00am
Negotiations under way to eliminate double taxation: Tajik envoy

Negotiations under way to eliminate double taxation: Tajik envoy

Pakistan and Tajikistan are negotiating to eliminate double taxation in order to promote bilateral trades on sustained basis between the two countries, said ambassador of Tajikistan Jononov Sherali. Addressing the FCCI members at Faisalabad Chamber of Com
Published 28 Dec, 2018 12:00am
PML-N leaders, others meet Nawaz at Kot Lakhpat Jail

PML-N leaders, others meet Nawaz at Kot Lakhpat Jail

Pakistan Muslim League-Nawaz (PML-N) leaders and relatives of former prime minister Nawaz Sharif met him at Kot Lakhpat Jail on Thursday. Nawaz is imprisoned in Lahore's Kot Lakhpat jail after an accountability court handed him a seven-year jail term in t
Published 28 Dec, 2018 12:00am
Chairman UBG vows to resolve business community's issues

Chairman UBG vows to resolve business community's issues

United Business Group (UBG) central chairman Iftikhar Ali Malik Thursday vowed to resolve all business community issues on priority after sweeping annual elections of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) 2019 being held on F
Published 28 Dec, 2018 12:00am
Quran Khawani for Benazir held

Quran Khawani for Benazir held

Quran Khawani was held at the residence of former MPA and Member PPP Federal Council Dr Zia Ullah Khan Bangash for slain party Chairperson Benazir Bhutto in connection with her 11th death anniversary. The ceremony was attended by a large number of PPP wor
Published 28 Dec, 2018 12:00am
SC constitutes 'monitoring commission' for Tharis

SC constitutes 'monitoring commission' for Tharis

The Supreme Court of Pakistan on Thursday constituted a monitoring commission to keep vigil for fair distribution of food and provision of health and education facilities to the people in Thar. A three-member bench headed by Chief Justice of Pakistan (CJP
Published 28 Dec, 2018 12:00am
CNG stations in Punjab: APCNGA rejects 15-day gas discontinuation

CNG stations in Punjab: APCNGA rejects 15-day gas discontinuation

The All Pakistan CNG Association (APCNGA) has rejected discontinuation of gas supply to CNG stations across Punjab for 15 days by Sui Northern Gas Pipelines Limited (SNGPL). "Thousands of CNG stations would not get any RLNG from December 27 to January 10,
Published 28 Dec, 2018 12:00am
Rashid to move SC against Shahbaz's appointment as PAC chairman

Rashid to move SC against Shahbaz's appointment as PAC chairman

Federal Minister for Railways Sheikh Rashid Ahmed has said that he is planning to file a petition in the Supreme Court of Pakistan against the unconstitutional appointment of Opposition Leader Shahbaz Sharif as chairman of the Public Accounts Committee (P
Published 28 Dec, 2018 12:00am
Allotment of land: SC reconstitutes JIT to probe Nawaz's role

Allotment of land: SC reconstitutes JIT to probe Nawaz's role

The Supreme Court on Thursday reconstituted a joint investigation team (JIT) to probe role of former prime minister Nawaz Sharif in illegal allotment of a land around Pakpattan in 1986 after National Counter Terrorism Authority (Nacta) Director General Me
Published 28 Dec, 2018 12:00am
Three arrested for allegedly causing Rs 480 million loss to banks

Three arrested for allegedly causing Rs 480 million loss to banks

The Commercial Banking Circle (CBC) of the Federal Investigation Agency (FIA) Punjab has arrested three persons including two bank employees for allegedly causing a loss of Rs 480 million to various banks and leaking customers' data to their accomplices f
Published 28 Dec, 2018 12:00am
ExD, Descon sign agreement

ExD, Descon sign agreement

Excellence Delivered (ExD) has signed an agreement with the prestigious Descon Corporation Pvt Ltd, to provide managed services for Oracle E-Business Suite (Oracle EBS). ExD, the leading ERP service provider in the region, is in the business of implementa
Published 28 Dec, 2018 12:00am
HEC, IPO-Pakistan to establish more TISCs in remaining universities

HEC, IPO-Pakistan to establish more TISCs in remaining universities

After the milestone achievement of establishing 27 Technology and Innovation Support Centres (TISCs), Higher Education Commission (HEC) and Intellectual Property Organisation (IPO-Pakistan) will once again join hands to establish more such centres in the
Published 28 Dec, 2018 12:00am
DISCOs directed to hold open hearings at circle level

DISCOs directed to hold open hearings at circle level

In order to provide immediate relief and resolve issues of the electricity consumers, Power Division has directed all Power Distribution Companies (DISCOs) to hold open hearings (open courts) at circle level by the concerned superintending engineer (SE) o
Published 28 Dec, 2018 12:00am
Khawaja Shahzad LCCI's acting president

Khawaja Shahzad LCCI's acting president

The Lahore Chamber of Commerce and Industry (LCCI) senior vice president Khawaja Shahzad Nasir will perform as acting president of the Lahore Chamber in the absence its president Almas Hyder who is out of country.
Published 28 Dec, 2018 12:00am
Soyabean, corn prices edge up, but demand concerns drag

Soyabean, corn prices edge up, but demand concerns drag

Chicago soybean and corn futures edged up on Thursday amid a broad-based rally in financial and commodity markets, but remained near one-month lows on concerns over tepid overseas demand for US supplies. Wheat inched higher but was also trading close to o
Published 28 Dec, 2018 12:00am
As trade war crushes China's soyabean mills, US rivals make hay

As trade war crushes China's soyabean mills, US rivals make hay

Over the past few months, Chinese mills have bought every cargo of soyabeans they can lay their hands on to prepare for Beijing's imposition of hefty tariffs on US imports. Now, at least 20 factories - including two of China's largest - have cut or suspen
Published 28 Dec, 2018 12:00am
Gold rises as sliding stocks boost safe-haven demand

Gold rises as sliding stocks boost safe-haven demand

Gold prices rose on Thursday, helped by a weaker dollar and as a relief recovery in stock markets fizzled out, driving investors toward the safe-haven metal. Spot gold was 0.8 percent higher at $1,276.76 per ounce at 12:33 p.m. EST (1733 GMT), after hitti
Published 28 Dec, 2018 12:00am
Asia Rice: India rates scale four-month peak on rising procurement costs

Asia Rice: India rates scale four-month peak on rising procurement costs

Rice export prices in India rose for a second straight week to the highest in four months on higher procurement costs for paddy, while Thai rates eased with no fresh demand in sight. Top exporter India's 5 percent broken parboiled variety was quoted aroun
Published 28 Dec, 2018 12:00am
Oil prices drop as US stock markets retreat

Oil prices drop as US stock markets retreat

Oil prices fell on Thursday, retreating from an 8 percent rally in the previous session as Wall Street stocks also fell and the oil market focused on signs of faltering global economic growth and record production of crude. Brent crude futures dropped 4.2
Published 28 Dec, 2018 12:00am
Surgutneftegaz offers 480,000 T of Urals crude for loading in January

Surgutneftegaz offers 480,000 T of Urals crude for loading in January

Russia's Surgutneftegaz is offering a spot tender sale of 480,000 tonnes of Urals crude oil for loading from the port of Primorsk, Ust-Luga and Novorossiisk in January, traders said Surgutneftegaz is offering buyers three 100,000-tonne Urals parcels from
Published 28 Dec, 2018 12:00am
Marathon Petroleum wins one millions barrel Petroecuador crude tender

Marathon Petroleum wins one millions barrel Petroecuador crude tender

Ecuador's state run oil company, Petroecuador, said on Thursday it had sold 1.08 million barrels of crude to Tesoro Refining and Marketing Co, a unit of US-based Marathon Petroleum Corp. Marathon offered a premium of $2.11 per barrel above West Texas Inte
Published 28 Dec, 2018 12:00am
Copper recovers, but others slip as China worries weigh

Copper recovers, but others slip as China worries weigh

Copper prices recovered on Thursday, but gains were capped and other metals slipped on renewed worries about global growth, including in top metals consumer China. A global equity rally fuelled by a dramatic surge on Wall Street ran out of steam on Thursd
Published 28 Dec, 2018 12:00am
Trump opens fire on sixth day of government shutdown

Trump opens fire on sixth day of government shutdown

Congress members trickled back into Washington Thursday but there was little hope of ending the government shutdown sparked by a row with President Donald Trump over his demand for US-Mexico border wall construction. The Senate was in session after the Ch
Published 28 Dec, 2018 12:00am
Trump tweets video of secretive SEAL team in Iraq

Trump tweets video of secretive SEAL team in Iraq

President Donald Trump may have inadvertently unmasked a Navy SEAL team during his short visit to a US base in Iraq this week. Ordinarily, the whereabouts of special operations forces are a closely held secret. In the rare instances when they are filmed w
Published 28 Dec, 2018 12:00am
Instagram blames 'bug' for design change that prompted backlash

Instagram blames 'bug' for design change that prompted backlash

Instagram said Thursday it accidentally rolled out a design change to a large number of users and quickly ended the test after complaints from users of the Facebook-owned social network. The redesign required users to swipe horizontally instead of the nor
Published 28 Dec, 2018 12:00am
Israel vows to block Palestinian bid to become full UN member

Israel vows to block Palestinian bid to become full UN member

Israel has vowed to work with the United States to block a bid by the Palestinians for full membership in the United Nations, a move that would confer international recognition of Palestinian statehood. Palestinian Authority Foreign Minister Riyad al-Mali
Published 28 Dec, 2018 12:00am
UAE reopens Damascus embassy after seven years

UAE reopens Damascus embassy after seven years

The United Arab Emirates reopened its embassy in Damascus Thursday, the latest sign of efforts to bring the Syrian government back into the Arab fold. The UAE broke ties with Syria in February 2012, as the repression of nationwide protests demanding regim
Published 28 Dec, 2018 12:00am
Top Chinese officials forced to carry out self-criticisms

Top Chinese officials forced to carry out self-criticisms

Top Chinese leaders have been forced to undergo a self-criticism session, state media said Thursday, in a further sign of President Xi Jinping's efforts to enforce party loyalty amid signs of internal dissent over his handling of a trade war with the Unit
Published 28 Dec, 2018 12:00am
Indian woman attacks alleged stalker and cuts off his genitals

Indian woman attacks alleged stalker and cuts off his genitals

A middle-aged Indian woman attacked her alleged stalker and cut off his genitals before rushing him to hospital to save his life, police said on Thursday. The accused woman on Tuesday asked two men to lure the 25-year-old to an isolated place in the subur
Published 28 Dec, 2018 12:00am
Trump's surprise troop visit sparks criticism in Iraq

Trump's surprise troop visit sparks criticism in Iraq

President Donald Trump's lightning Christmas visit with US troops in Iraq has triggered questions and criticism in a country deeply divided over Washington's influence since the 2003 US invasion. The Wednesday visit, Trump's first with US troops in a conf
Published 28 Dec, 2018 12:00am
US, UN raise concerns over violence ahead of Bangladesh election

US, UN raise concerns over violence ahead of Bangladesh election

The United States and the United Nations on Thursday raised concerns over the looming general election in Bangladesh as the opposition said hundreds more activists had been arrested and attacked. The South Asian nation's Prime Minister Sheikh Hasina used
Published 28 Dec, 2018 12:00am
Dalian coke futures fall on weak demand

Dalian coke futures fall on weak demand

Dalian coke futures fell on Wednesday for a third session amid concerns over weak demand for the steelmaking raw material, with Beijing vowing not to relax its anti-pollution campaign that has forced steel mills to reduce output or even halt operations.
Published 28 Dec, 2018 12:00am
Modest trade on cotton market
Cotton

Modest trade on cotton market

Modest trading activity was seen on the cotton market on Thursday as most the participants were on the sideline due to lack of buying interest, dealers said. The official spot rate was at Rs 8,700, they added. Prices of seed cotton in Sindh were at Rs 300
Published 28 Dec, 2018 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 111,746 tonnes of cargo comprising 65,552 tonnes of import cargo and 46,194 tonnes of export cargo including 7,038 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of 6
Published 28 Dec, 2018 12:00am
Brazil's soyabean yields impacted by drought in key state

Brazil's soyabean yields impacted by drought in key state

Scarce rains in December will reduce soyabean yields and possibly output in Brazil's largest-producing state, farmers from various regions of Mato Grosso told Reuters on Wednesday. Dry weather and high temperatures are also accelerating the soyabean cycle
Published 28 Dec, 2018 12:00am
CBOT wheat futures fall

CBOT wheat futures fall

Chicago Board of Trade wheat futures ended on a low note on Wednesday, as the market continued to wrestle with concerns over sluggish export demand and the US ability to compete with the Russian wheat market, traders said. Wheat futures' prices also were
Published 28 Dec, 2018 12:00am
CBOT soyabean futures slump to one month low

CBOT soyabean futures slump to one month low

Chicago Board of Trade (CBOT) soyabean futures fell to a near one-month low on Wednesday, as funds sought to grab profits and favorable growing weather in South America boosts predictions of bountiful harvests, traders said. CBOT January soyabeans ended d
Published 28 Dec, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,537. The traded value of Metals, Energy and COTS/FX was recorded at PKR 41.025 billion and the number of lots traded 52,149. Major business was contributed by NSDQ100 a
Published 28 Dec, 2018 12:00am
Most Asian currencies subdued as US share rally boosts dollar

Most Asian currencies subdued as US share rally boosts dollar

Most emerging Asian currencies slipped on Thursday, as the dollar retained the strength it gained overnight after a dramatic Wall Street rally. Strong holiday sales data and Washington's efforts to assuage investor concerns led to a buying spree, with the
Published 28 Dec, 2018 12:00am
Russia central bank revokes licences of largest forex companies

Russia central bank revokes licences of largest forex companies

The Russian central bank said on Thursday it had revoked the licences of the country's largest companies that provide clients with access to the forex market. These companies, which include Alpari, Teletrade and Forex-club, had violated central bank regul
Published 28 Dec, 2018 12:00am
Russian Finance Minister sees no reason for rouble instability in 2019

Russian Finance Minister sees no reason for rouble instability in 2019

Russian Finance Minister Anton Siluanov said on Thursday he saw no reason for rouble instability in 2019 under a baseline scenario. Siluanov, speaking on state television, added that the finance ministry was confident it could borrow on the local market n
Published 28 Dec, 2018 12:00am
Dollar slips versus yen, Swiss franc as risk appetite wanes
Currency

Dollar slips versus yen, Swiss franc as risk appetite wanes

The US dollar fell against the Japanese yen on Wednesday, giving up most of the gains logged in the previous session, as worries about widening cracks in global stock markets prompted investors to load up on perceived safe-haven assets. The greenback adva
Published 28 Dec, 2018 12:00am
Yen gains as stocks fall in broad-based selloff
Currency

Yen gains as stocks fall in broad-based selloff

The Japanese yen gained half a percent against the dollar on Thursday as widening cracks in global stock markets prompted investors to load up on perceived safe-haven assets. Though US stocks jumped on Wednesday, sentiment was decidedly more cautious goin
Published 28 Dec, 2018 12:00am
Sri Lankan rupee hits record low; foreign outflows weigh

Sri Lankan rupee hits record low; foreign outflows weigh

The Sri Lankan rupee fell to a record low on Thursday amid dollar demand by state banks and continued outflows of foreign funds mainly from government bonds as political uncertainty dented investor sentiment. The rupee hit an all-time low of 182.35 the do
Published 28 Dec, 2018 12:00am
Bangladesh lifts Smith's Twenty20 tournament ban

Bangladesh lifts Smith's Twenty20 tournament ban

Bangladeshi cricket officials on Thursday lifted a ban on former Australian captain Steve Smith playing in the forthcoming Twenty20 Bangladesh Premier League, an official said. The ruling means Smith, currently serving a one-year ban from international cr
Published 28 Dec, 2018 12:00am
Peshawar Atlan wins Afghan Refugees Super Cricket League

Peshawar Atlan wins Afghan Refugees Super Cricket League

Imran Khan's half-century on 21 balls guided Peshawar Atlan to a comfortable 10 wickets victory against Charsadda King in the final of the first Afghan Refugees Super Cricket League which concluded here at University of Peshawar Campus ground on Thursday.
Published 28 Dec, 2018 12:00am
TCL joins hands with Peshawar Zalmi for PSL 2019

TCL joins hands with Peshawar Zalmi for PSL 2019

TCL, one of the world's top three TV brands, has announced that they have once again signed on to become one of the sponsors of Peshawar Zalmi for the 2019 season of Pakistan Super League (PSL). Peshawar Zalmi is the biggest PSL franchise in terms of bran
Published 28 Dec, 2018 12:00am
Imam takes Pakistan into lead against South Africa

Imam takes Pakistan into lead against South Africa

Imam-ul-Haq scored a half-century as Pakistan made a good start to their second innings on the second day of the first Test against South Africa at SuperSport Park on Thursday. Imam was on 57 not out as Pakistan reached 100 for one at tea, an overall lead
Published 28 Dec, 2018 12:00am
Inaugural Leisure Leagues Women's Cup begins

Inaugural Leisure Leagues Women's Cup begins

The inaugural edition of the small-sided Leisure Leagues Women's Cup featuring eight teams has commenced in Islamabad. The eight teams participating in the tournament are CLFC, CLFC Youth, Charcoal FC, Smurfs FC, Young Rising Star (YRS), Black Stars FC an
Published 28 Dec, 2018 12:00am
Classy Pujara century, Kohli fifty put India on top

Classy Pujara century, Kohli fifty put India on top

A dogged Cheteshwar Pujara hit a classy century as he and Virat Kohli patiently steered India into a dominant position in the third Test against Australia on Thursday. At lunch on day two, they were 277 for two with Pujara not out 103 and Kohli on 69, lea
Published 28 Dec, 2018 12:00am
Snow Cross Jeep Rally in Naran tomorrow

Snow Cross Jeep Rally in Naran tomorrow

The two-day thrilling Snow Cross Jeep Rally will commence at the snow-capped mountains of scenic Naran valley tomorrow (Saturday). The Tourism Department of Khyber Pakhtunkhwa, Frontier 4x4 Club, Mansehra district government, Mountain Dew and Pak Wheels h
Published 28 Dec, 2018 12:00am
Osama Tahir Shaheed TT: Peshawar, Swabi enter into final

Osama Tahir Shaheed TT: Peshawar, Swabi enter into final

Peshawar and Swabi took berth into the women final of the Osama Shaheed Memorial Table Tennis Championship being played here at Qayyum Sports Complex on Thursday. On the second day in the women category Peshawar defeated Kohat by 3-0 while Swabi recorded
Published 28 Dec, 2018 12:00am
Inter Milan to play two league home games behind closed doors

Inter Milan to play two league home games behind closed doors

Inter Milan will play two Serie A home matches behind closed doors as punishment for the racist chants directed towards Napoli defender Kalidou Koulibaly, the Italian league announced on Thursday. Koulibaly was subjected to monkey noises from the crowd se
Published 28 Dec, 2018 12:00am
Amazon, Walmart face hit from new India e-commerce rules

Amazon, Walmart face hit from new India e-commerce rules

Traditional traders and local players rejoiced Thursday at new e-commerce rules imposed by the Indian government on global giants such as Amazon and Walmart which analysts said could force them to rethink their Indian operations.
Published 28 Dec, 2018 12:00am
US consumers less upbeat about economy

US consumers less upbeat about economy

US consumer confidence saw a steep decline in December amid a sharp selloff on Wall Street and political turmoil in Washington, according to a monthly survey released Thursday. The cutoff date for the survey was December 13 - before the US government shut
Published 28 Dec, 2018 12:00am
Swiss investor sentiment indicator rises to -22.2 in December

Swiss investor sentiment indicator rises to -22.2 in December

The Swiss investor sentiment rose to -22.2 points in December, Credit Suisse, which issues the indicator in cooperation with the CFA Society Switzerland, said on Thursday. A large number of the survey respondents expected a first rate hike by the Swiss Na
Published 28 Dec, 2018 12:00am
China c bank pledges prudent monetary policy, stable yuan
Currency

China c bank pledges prudent monetary policy, stable yuan

China's central bank said on Thursday it will maintain a prudent monetary policy and keep the Chinese currency basically stable while offering "reasonably ample" liquidity to the market. A statement following a quarterly meeting of its monetary policy com
Published 28 Dec, 2018 12:00am
Vatican hands down first money laundering sentence

Vatican hands down first money laundering sentence

A Vatican court has ordered an Italian businessman jailed for money laundering, a first for the notoriously secret micro-state. The court ordered Angelo Proietti, 63, jailed for two-and-a-half years, and seized more than a million euros ($1.14 million) th
Published 28 Dec, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (December 27, 2018).

Published 28 Dec, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (December 27, 2018).

Published 28 Dec, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (December 27, 2018).

Published 28 Dec, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (December 27, 2018).

Published 28 Dec, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (December 27, 2018).

Published 28 Dec, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (December 27, 2018).

Published 28 Dec, 2018 12:00am
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