Tue, Aug 04, 2015, Shawwal 18, 1436 A.H : Last updated 1 hour ago
 
 
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Israr Khan
ISLAMABAD: Pakistan consumer price inflation plunged last month to its lowest level since September 2003 and looks set to fall further, leaving the central bank under pressure to go for another rate cut in the near term.
The Pakistan Bureau of ...
 
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Shahnawaz Akhter
KARACHI: Mis-declaration of imported betel leaves and frauds during customs clearance at the Air Freight Unit (AFU) Lahore have rendered around Rs2.6 billion of tax losses to national exchequer during the five years since July 2007, an official ...
 
 
our correspondent
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), with the approval of the Policy Board, has notified the Bancassurance Regulations 2015.
With the implementation of the regulations, it is envisaged that the long-term ...
 
 
our correspondent
KARACHI: The Karachi Stock Exchange (KSE) benchmark-100 Index gained 3.9 percent in July as compared to an average regional markets' return of negative 3.5 percent, a statement said on Monday.
Trading activity also clocked in 18.5 percent ...
 
 
our correspondent
KARACHI: The State Bank of Pakistan (SBP) has granted approval to Meezan Bank Limited to proceed with the proposed amalgamation of HSBC Bank Oman-Pakistan operations.
The in principle approval to proceed with completing the amalgamation ...
 
 
our correspondent
LAHORE: The Water and Power Development Authority (Wapda) hydel power stations delivered record 4.434 billion units to the national grid in July as compared to 3.723 billion units of hydel electricity generated in July last year, showing an ...
 
 

HONG KONG: HSBC announced Monday that net profit fell 3.8 percent in the three months to June, as the company agreed to sell its Brazilian business for $5.2 billion to Brazil´s Banco Bradesco.
Europe´s biggest bank announced in June that it ...
 
 
Mansoor Ahmad
LAHORE: The Punjab Board of Investment and Trade (PBIT) has urged the federal and provincial governments to remove all major hurdles in the path of investors in order to get benefit from the positive investment climate prevailing in the country. ...
 
 
our correspondent
KARACHI: The Trade Development Authority of Pakistan (TDAP) organised a mango show in Islamabad to display a variety of Pakistani mangoes to the diplomatic community, a statement said on Monday.
Chief executive TDAP SM Muneer, in his address, ...
 
 
our correspondent
KARACHI: Department of Plant Protection has advised the business and industrial community of Karachi to urge the government for the establishment of a food safety regulatory authority.
Director General Dr. Mubarak Ahmed, while exchanging views ...
 
 
our correspondent
LAHORE: Knowledge-based economy is the only way to cope with the challenges posed by the rapidly changing global scenario to address issues such as decline in exports, energy crisis and lowest tax-to-GDP ratio, a statement said on Monday. ...
 
 
News Desk
KARACHI: Engro has successfully concluded imparting System Productivity Innovative Rice Training (SPIRiT) knowledge in small land holder farmers in Punjab, a statement said on Monday.
The program was initiated by Engro Foundation, CSR arm of ...
 
 

MOSCOW: From cheery peasant girls in Tsarist times to Soviet-era cosmonauts to today´s Pussy Riots, the changing face of Russia´s matryoshka nesting dolls reflects the country´s tumultuous history.
For tourists the dolls inside dolls that ...
 
 
our correspondent
LAHORE: The MCB Bank Limited and The Spirit School (project of Superior Group) signed a memorandum of understanding, aimed at benefitting the society, at large, besides serving the mutual interests of both the organisations, a statement said. ...
 
 
our correspondent
LAHORE: Turkish investors are keen to invest in China-Pakistan Economic Corridor (CPEC) along with Pakistani and Chinese companies in this mega economic project, a statement said on Monday.
Pak-Turk Businessmen Association (PTBA) Secretary ...
 
 

TOKYO: Mark Karpeles, the head of the collapsed MtGox Bitcoin exchange who was arrested in Tokyo, is facing fresh allegations that he misused $8.9 million in customers´ deposits, Japanese media reported Sunday.
French-born Karpeles, 30, was ...
 
 

Islamabad : One of the leading advertising agencies of Pakistan, Channel 7 Communications (Pvt) Ltd. celebrated its 25 years anniversary hallmark with a grand ceremony held at its head office in Islamabad followed by Sky lantern festivity at Lake ...
 
 

Turkish Airline has been awarded “best airline in Europe” in 2015 for the fifth consecutive year. Mr Ahmed vice president of Asia Pacific briefed Pakistan print media. During the briefing Mr Ahmed explained that Turkish airline has a fleet of 287 ...
 
 
our correspondent
Karachi equities on Monday managed to end on a positive note on a 12-year low inflation reading, while buyers on the lookout for healthy results took positions in selected stocks, analysts said.
“Stability was seen at the local bourse after ...
 
 

We believe the stock market panic in early July chilled economic activity, which is what the manufacturing PMIs picked up







—ING ...
 
 

SAN FRANCISCO: Hackers are not just after your computer: connected devices from cars to home security systems to sniper rifles are now targets for actors looking to steal or cause mischief.
The rapid growth in the "Internet of Things" has ...
 
 
our correspondent
The rupee on Monday slightly weakened because of fresh rise in dollar demand from importers, dealers said. The rupee fell four paisas and closed at 101.83 to the greenback from the previous closing of 101.79 in the interbank forex market. In the ...
 
 
LSE

Lahore Stock Exchange opened on a positive note on Monday, as the LSE-25 Index gained 46 points to close at 6,155 points.
The trading volumes were lower than the volumes recorded on Friday.
Of the 90 companies traded, the value of 20 ...
 
 
ISE

Bears reappeared at the Islamabad Stock Exchange on Monday, as the ISE-10 Index lost 20.97 points to close at 3,474.13 points, traders said.
Total turnover amounted to 391,400 shares as compared to previous volume of 334,200 shares.
Of 153 ...
 
 

Honda Atlas remained the hot stock for the day, as auto assemblers rallied in anticipation of improved car sales.
The scrip of Honda Atlas gained Rs12.66 to close at Rs266.05 per share.
Engro also remained in the limelight given impressive ...
 
 

TOKYO: The dollar rose against the euro and yen on Monday after falling in US trade owing to a weak report on workers´ pay that reignited questions about the timeline for an interest rate hike.
In Tokyo afternoon trade, the greenback fetched ...
 
 

Tokyo
JFE Steel, Japan's second-biggest steelmaker, said on Thursday it would invest 27 billion yen ($220 million) in a steelworks being built by Taiwan's Formosa Plastics Group in Vietnam in a bid to expand its global network to drive growth. ...
 
 

Singapore
Oil prices fell in Asia Monday on persistent concerns about the global supply glut, after the OPEC cartel indicated that it will not budge from its current lofty output levels, analysts said.
US benchmark West Texas Intermediate ...
 
 


Khobar
The US Agency for International Development has delivered 35,800 tonnes of wheat to Yemen, enough to feed more than 1 million people for two months, it said on Friday. The wheat aid estimated at around $21 million will be unloaded at ...
 
 

Hong Kong
Chinese copper smelters may not get enough raw material after domestic mines and scrap providers scaled down sales because of low prices, which may force some smelters to trim production in the third quarter, industry players said on ...