Oil prices rise as Iranian oil exports expected to fall furtherBy: Agencies on October 17, 2018Oil prices dipped on Tuesday amid expectations of an increase in US crude inventories, but signs of a fall in Iranian oil exports this month kept losses in check. International benchmark Brent crude for December delivery had fallen 6 cents, or 0.07 percent, to $80.72 per barrel by 0654 GMT. US West Texas Intermediate crude for November delivery was down 14 cents at $71.64 a barrel. US crude … [Read more...] about Oil prices rise as Iranian oil exports expected to fall further
Sears faces tough foe: an unforgiving bankruptcy codeBy: Agencies on October 17, 2018When Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, it said it would close another 142 unprofitable Sears and Kmart locations and seek to reorganize around financially healthier stores. It also triggered a "time bomb" that retailers have had a tough time surviving. Over the last dozen or so years, bankrupt retailers have had less time to make major strategic decisions for their … [Read more...] about Sears faces tough foe: an unforgiving bankruptcy code
KSE-100 index closes 104 points lower on dull banks, cement performanceBy: Staff Report on October 17, 2018KSE-100 index closed at 36,663 levels (104 points lower) after trading higher during early hours making a day's high of plus 572 points as sentiment of investors recuperated in anticipation that recommendation proposed by members of PSX association with Finance Minister, Asad Umar will be accepted. Moreover, scheduled International Monetary Fund (IMF) bailout package will be presented in lower … [Read more...] about KSE-100 index closes 104 points lower on dull banks, cement performance
The female car mechanic driving change in patriarchal PakistanBy: Agencies on October 17, 2018Since picking up a wrench as one of the first female car mechanics in conservative Pakistan, Uzma Nawaz has faced two common reactions: shock and surprise. And then a bit of respect. The 24-year-old spent years overcoming entrenched gender stereotypes and financial hurdles en route to earning a mechanical engineering degree and netting a job with an auto repairs garage in the eastern city of … [Read more...] about The female car mechanic driving change in patriarchal Pakistan
$50 million startup fund for entrepreneurs announcedBy: Press Release on October 17, 2018IdeaGist.com, the world's largest digital incubator has announced a collaboration with Dubai based cryptocurrency fund Oryx Prive Investment to launch an innovative USD 50mn VC fund model with an allocation to IdeaGist Pakistan startups portfolio. Innovative startups need access to initial funding for launching their MVPs. However, with the existing problems such as High Entry Barriers, … [Read more...] about $50 million startup fund for entrepreneurs announced
Byco Green Campaign wins top awardBy: Staff Report on October 17, 2018Byco Petroleum Pakistan Limited has won the award for best advertisement of Pakistan. On the occasion of Pakistan's 71st Independence anniversary, Byco conceived of launching their sustainability initiative to plant trees and to distribute seeds through its 350-outlet strong retail network across Pakistan. To kick off the campaign, Byco planted 1000 trees at the Urban Forest Park which uses the … [Read more...] about Byco Green Campaign wins top award
Yellow metal price regains value on speculation, prospective hedgingBy: Staff Report on October 17, 2018The yellow metal price closed firm on Gold Future output outlook and upward technical correction in international and domestic market. Following prospective hedging price increased by $3 an ounce in international market. It closed at $1,231 an ounce. The bullion price in Karachi recorded Rs 735 per ten grams upward correction to stay at Rs 52,595 per ten grams. In per tola term, gold … [Read more...] about Yellow metal price regains value on speculation, prospective hedging
Dollar closes even in value versus domestic unitBy: Staff Report on October 17, 2018The greenback closed flat against the rupee in the interbank and appreciated in open market on demand by importers and corporate sector, said treasurers. The greenback closed at Rs 132.80 for buying and Rs 133 for selling with no change in interbank transaction. The rupee is likely to remain under pressure now because of the rising demand by the corporate sector for its payments. Banks are … [Read more...] about Dollar closes even in value versus domestic unit
Lint trading remains selective amid slower ginning activitiesBy: Staff Report on October 17, 2018Leading buyers made deals on selective note depending on grade issue during trading session with firm physical prices at lint market, fibre traders said. Grade issue kept the leading buyers to make cautious deals while market's sentiments remained steady, floor brokers said. Forward trading for a month period also took place, traders at the Karachi Cotton Association (KCA) said. KCA kept … [Read more...] about Lint trading remains selective amid slower ginning activities
Locals fear being cast away on Brexit border ‘island’By: Agencies on October 17, 2018For people living in and around the Drummully Polyp, a squiggle on the map of the Irish frontier, life without an open border is unimaginable and a reminder of the bad old days of checkpoints. Threaded through emerald farmlands with serpentine disorder, this section of the border all but hems in locals in this part of Ireland surrounded by British-ruled Northern Ireland. "There's no border … [Read more...] about Locals fear being cast away on Brexit border ‘island’
