Tue, Nov 25, 2014, Safar 02,1436 A.H : Last updated 2 hours ago
 
 
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Shahnawaz Akhter
KARACHI: Pakistan Customs has allowed access of its online clearance system to Afghanistan’s commerce ministry to furnish particulars of licences issued to Afghan importers in a bid to stop the misuse of transit trade facility by unscrupulous ...
 
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Javed Mirza
KARACHI: The Islamic banking sector witnessed substantial improvement in the profitability during July-September quarter of 2014, as the net profits surged by massive 57.5 percent to Rs9.417 billion as compared to Rs5.979 billion in the previous ...
 
 
Mehtab Haider
ISLAMABAD: At the time when Pakistan’s overall exports are falling because of energy outages and exchange rate appreciation, its exports to European Union increased 18 percent to $5.009 billion during the first eight months (Jan-August) of this ...
 
 
our correspondent
KARACHI: The country’s banking system is stable and strong, while the capital position of the banking system will further strengthen due to expected fresh capital inflows and improving profitability, the State Bank of Pakistan (SBP) said on Monday. ...
 
 
our correspondent
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday criticised the politics of sit-ins by political parties and attributed instability to long-term economic damages, a statement said.
“These economic damages ...
 
 
our correspondent
KARACHI: The board of directors of the Pakistan Steel Mills (PSM) decided to move a summary to the ECC seeking another Rs12.5 billion for steel production and overhauling, a statement said on Monday.
The PSM will request Rs8 billion from the ...
 
 
our correspondent
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) Vice President Agha Shahab Ahmed Khan and representative for the European Union’s Trade Related Technical Assistance (TRTA II) for Pakistan said training on WTO trade facilitation agreement ...
 
 

BEIJING: China’s leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved ...
 
 
Mansoor Ahmad
LAHORE: The usage of energy savers can save nearly one thousand megawatts of electricity a day, energy expert Ghalib Atta said on Monday.
On use of 10 hours of electricity a day, the present saving in daily electricity consumption comes around ...
 
 
our correspondent
KARACHI: Pakistan needs to regain its economic position of the 1960’s when it was known as Asian Tiger by utilising all its resources, said a leading businessman Amin Hashwani.
The country requires holistic approach to resolve socioeconomic ...
 
 

ISLAMABAD: Zong, a subsidiary of China Mobile Communications Corporation (CMCC) and Pakistan’s first and only Super 3G and 4G mobile service provider, on Monday announced the appointment of Liu Dianfeng as the new chairman and chief executive ...
 
 
our correspondent
LAHORE: French Ambassador Martine Dorence has said a large business delegation from France will visit Pakistan in the beginning of next year to strengthen trade and economic relations between the two countries, a statement said on ...
 
 
News Desk
ABU DHABI: Standard Chartered on Monday announced the appointment of Raheel Ahmed as the new Global Head – Strategic Transformation, Retail Clients, a statement said.
In his new role, Ahmed will focus on the realignment of the business to the ...
 
 
our correspondent
LAHORE: United Nations Industrial Development Organization (UNIDO) representative in Pakistan Esam Alqararah visited the Small and Medium Enterprises Development Authority (Smeda) head office on Monday to review last year’s progress and discuss ...
 
 

NEW YORK: An advanced malicious software application has been uncovered that since 2008 was used to spy on private companies, governments, research institutes and individuals in 10 countries, anti virus software maker Symantec Corp said in a report ...
 
 

NEW DELHI: The United States wants to step up its trade dialogue with India, Trade Representative Michael Froman said on Monday, after the resolution of a global trade dispute paved the way for President Barack Obama to visit India.
Direct ...
 
 
our correspondent
LAHORE: A 19-member Iranian Rice Importers Association delegation is coming to Lahore from November 26 to 28 to visit different rice factories, farms and laboratories in perspective of Pak-Iran mutual rice trade business, a statement said on ...
 
 
our correspondent
KARACHI: Nestle Pakistan – a part of the world’s leading nutrition, health and wellness company – believes in giving equal opportunity for all genders at the workplace and facilitates female workers to make their life easier, managing director of ...
 
 

PARIS: The countdown has begun to what threatens to be a missed opportunity to revive Europe’s stalled economy.
When European Union leaders meet on Dec. 18-19 under new management, they have a chance to launch a joint assault on the economic ...
 
 
our correspondent
The benchmark KSE 100-share Index fell by 178 points on Monday as the simmering tussle between the government and an opposition party prompted investors to book profits in risky assets, dealers said.
Ovais Ahsan, analyst at JS Research said the ...
 
 
our correspondent
The rupee sheds six paisas against the dollar on Monday, as the demand remained on a relatively higher side, a dealer said.
The rupee closed at Rs101.71/dollar in the interbank market against the last closing of Rs101.65/dollar and was trading ...
 
 

LONDON: Britain’s biggest telecoms service providers have filed a complaint to media regulator Ofcom demanding greater competition in the business broadband market, where they say BT has an effective monopoly.
The UK Competitive ...
 
 
Mario Draghi
We will do what we must to raise inflation and inflation
expectations as fast as possible




—European Central Bank ...
 
 
LSE

Trading at the Lahore Stock Exchange remained range-bound with a nominal increase of 0.71 points in the LSE-25 index to close at 5,326 points, a dealer said on Monday.
Trading volumes were double than the volumes witnessed on the previous ...
 
 
ISE

Bears reappeared at the Islamabad Stock Exchange on Monday, as the ISE-10 index lost 20.54 points to close at 4,135.61 points, traders said.
Of the 158 companies, which took part in the shares trading, 47 closed in the positive territory and 111 ...
 
 

Mari Petroleum-XB remained the hot stock of the day, closing with the lower lock after a decline of five percent in its share price.
Mari’s 902,700 shares were traded with a decline of Rs33.61 per share, as it closed at Rs655.26 per share.
An ...
 
 

SYDNEY: Chinese demand for Australian resources is likely to stay strong over the long run as the Asian giant continues to urbanise and mature into a consumer-led economy, a top central banker said on Friday.
The Reserve Bank of Australia’s ...
 
 

Singapore
Gold was trading close to a three-week high on Monday, holding its ground from the previous session on hopes that a surprise rate cut in China would boost demand for bullion in the top consumer, though a strong dollar capped gains. ...
 
 

Singapore
Oil markets were steady in early Asian trading on Monday, with benchmark Brent crude prices remaining above $80 a barrel following a rally late on Friday over China’s interest rate cut and ahead of a possible output reduction by ...
 
 
our correspondent
Karachi
Trade turnover of cotton improved by 16 percent to 19,200 bales (155 kilograms), as a few textile mill-owners resumed purchasing to maintain their inventories on the higher side, a dealer said on Monday.
“Big textile mills maintain, ...
 
 

Sydney
BHP Billiton is laying the groundwork for a dramatic rise in copper production in a drive to buffer its exposure to sagging iron ore, oil and coal markets.
BHP Billiton Chief Financial Officer Peter Beaven said $4 billion in new ...