Fri, Aug 28, 2015, Zul Qa'da 12, 1436 A.H : Last updated less than one minute ago
 
 
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Editor-in-Chief: Mir Shakil-ur-Rahman
 
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 Business
 
 
Israr Khan
ISLAMABAD: An agreement to merge the three main stock markets in the country, the Karachi, Lahore and Islamabad stock exchanges, was reached on Thursday, a senior official said.
All the three stock exchanges signed a memorandum of understanding ...
 
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Salman Siddiqui
KARACHI: The country’s fertiliser consumption jumped 18 percent to 2.57 million tons during the first three months of the current summer crops season, indicating the country will book more cargoes to meet growing demand of fertilser.
The ...
 
 
our correspondent
KARACHI: ICI Pakistan Limited on Thursday says it’s going ahead with a $90 million plan to expand its light soda ash plant in Khewra.
The company, which posted full-year net profit of Rs2.276 billion, up 24 percent, for the fiscal 2015, said ...
 
 
our correspondent
KARACHI: Standard Chartered Bank (Pakistan) posted a gross profit of Rs8.5 billion in the first six months of the current calendar year compared to Rs7.2 billion during the same period last year, according to a statement issued Thursday.
The ...
 
 
Javed Mirza
KARACHI: Pakistan is back on the radar of foreign investors as they plan major investments in the hospitality sector in the coming years following an improved security situation and a better economic outlook, said a top industry official.
“The ...
 
 

LONDON: Global equity markets went on another rollercoaster ride Wednesday as China´s interest rate cut showed little sign of calming jitters over the country´s faltering economy.
Europe´s main stock markets fell, with London´s benchmark FTSE ...
 
 
our correspondent
KARACHI: Pakistan’s foreign exchange reserves declined to $18.508 billion during the week ended August 21 as compared to $18.655 billion in the previous week, the central bank reported on Thursday.
Foreign reserves held by the State Bank of ...
 
 
Mansoor Ahmad
LAHORE: The planners should restore the competitiveness of exports through a special package as current rupee devaluation is insufficient and further devaluation would be extremely harmful for the economy, economists said on Thursday.
They ...
 
 
our correspondent
LAHORE: The rulers need to show their political will in order to curtail revenue shortfall that has impacted the development strategies of the successive governments, Pakistan Industrial Traders Front (PITF) said on Thursday.
Irfan Iqbal Shiekh ...
 
 
our correspondent
LAHORE: Pakistan needs a special policy framework to attract more multinationals that would ensure transfer of latest technology to the country as well, speakers at a conference said.
The speakers representing renowned multinationals, at the ...
 
 

VIENNA: German Chancellor Angela Merkel and Balkan leaders gathered in Vienna Thursday to seek how to tackle together the biggest migration crisis to hit Europe since World War II.
The talks come a day after Merkel vowed zero tolerance for ...
 
 
our correspondent
LAHORE: The Japan International Cooperation Agency (JICA) and Small and Medium Enterprises Development Authority (SMEDA) are going to implement a four-year project for technical support to auto parts manufacturing industry of Pakistan under the ...
 
 

NEW YORK: A top Federal Reserve official said Wednesday that the economic turmoil in China has eroded the argument for raising interest rates in September.
The need to begin normalizing monetary policy next month "seems less compelling to me ...
 
 
our correspondent
KARACHI: The anti-smuggling wing of customs intelligence has seized bulk quantity of smuggled Iranian diesel oil from a dumping place, located in a populated area of the city, officials said on Thursday.
According to the details, the ...
 
 
our correspondent
KARACHI: Tax practitioners have urged the Federal Board of Revenue (FBR) to extend the date for filing annual income tax return by at least a month, ie up to September 30, as the e-filing system was not working properly.
In different letters to ...
 
 
our correspondent
LAHORE: All Pakistan Business Forum (APBF) unanimously elected Dr. Inam Ullah Haq as the new President of Islamabad Board in a meeting of the national board, a statement said on Thursday.
According to a statement, the meeting was intended to ...
 
 
News Desk
KARACHI: A leading logistics company of Pakistan, SeaGold Private Limited, is working towards expanding its newly established division that focuses on transportation and warehousing, a press release from SeaGold said on Thursday.
The company ...
 
 
our correspondent
KARACHI: Mobilink donated a state-of-the-art mobile dispensary to Khidmat Foundation at a ceremony in Islamabad, said a statement issued Thursday.
This newly delivered vehicle will be used by the foundation to provide free medical assistance to ...
 
 
our correspondent
KARACHI: Easypaisa has joined hands with KEENU to expand its NFC deployment and enable customers to pay through Easypay NFC, said a press statement.
Easypay NFC is Pakistan’s first NFC Payments Service, which enables instant and secure ...
 
 
our correspondent
Recovery in global commodities and stocks market on Thursday revitalised buying appetite for Karachi stocks as the benchmark index gained 1.26 percent.
Analysts said recovery in global markets gained steam after concerns about slowing growth in ...
 
 

NEW ORLEANS: The vibrant sounds of brass bands and buskers echo through the streets of New Orleans ten years after the birthplace of jazz was devastated by Hurricane Katrina.
But while tourists may find themselves overwhelmed by choice, locals ...
 
 
our correspondent
The rupee observed a little fluctuation due to smooth dollar supplies in the forex market on Thursday, dealers said. In the interbank dealings, the rupee was traded between 103.91 and 103.96 against the dollar in the intraday trade. However, it ...
 
 
LSE

The Lahore Stock Exchange depicted positive trend on Thursday, as the LSE-25 Index increased by 25 points to close at 5,816 points, dealers said.
Trading volumes were higher than the volumes recorded on the last trading day.
Of the 101 ...
 
 
ISE

Bears continued to dominate the Islamabad Stock Exchange on Thursday, as the ISE-10 Index lost another 36.45 points to close at 2,905.91 points, traders said.
Total turnover amounted to 225,220 shares as compared to previous volume of 286,700 ...
 
 

Pakistan Oilfields Limited remained the hot stock for the day after global oil prices recovered.
The scrip of Pakistan Oilfields Limited (POL)gained Rs13.56 to close at Rs321.84 per share.
Maple Leaf Cement also remained in the limelight ...
 
 

TOKYO: The yen faced selling pressure Thursday as investors´ fears over China´s economy began to ease, and as equity markets rebounded following hints the US Federal Reserve may not lift rates next month.
In Tokyo trading, the dollar bought ...
 
 

Manila
Spot iron ore prices dropped to their lowest in nearly a month, under pressure from a weaker steel market in top consumer China that plunged Shanghai steel futures to a record low this week.
Traders were not confident that a seasonal ...
 
 

Singapore
Oil rose in Asia Thursday as dealers digested a mixed US energy report showing a dip in crude inventories, but barely any decline in production despite sinking prices.
US benchmark West Texas Intermediate for October delivery ...
 
 

Manila
Gold steadied on Thursday after suffering its biggest fall in five weeks in the prior session as stock markets recovered, but indications that a US rate hike might happen later than expected kept a floor under prices.
Cheered by Wall ...
 
 

Sydney
London copper futures strengthened on Thursday after a sharp rebound in Chinese equity markets helped calm investors hit by worries over China's faltering economy.
China's major stock indexes rose on Thursday following on from a ...