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Archive - 2016-11-13
Millennia-old mummy found in Egypt tomb
World Top News

Millennia-old mummy found in Egypt tomb

CAIRO: Spanish archaeologists have discovered a millennia-old mummy in "very good condition" near the southern Egyptian
Published 13 Nov, 2016 06:15pm
Australian A-League results
Sports

Australian A-League results

SYDNEY: Result of a match played in the Australian A-League on Sunday:Sydney FC 4 (Ninkovic 14, 79, Bobo 38, Brosque 88)
Published 13 Nov, 2016 08:43am
Kerry hopes to revive TPP trade deal
World Top News

Kerry hopes to revive TPP trade deal

WELLINGTON: US Secretary of State John Kerry refused to call last rites on the Trans-Pacific Partnership (TPP) Sunday, e
Published 13 Nov, 2016 07:06am
PHC CJ appoints 101 civil judges-cum-judicial magistrates

PHC CJ appoints 101 civil judges-cum-judicial magistrates

On the recommendation of Khyber Pakhtunkhwa Public Service Commission, the Chief Justice and Judges of Peshawar High Court, Peshawar, have ordered the appointment of 101 candidates as Civil Judges-cum-Judicial Magistrates/Illaqa Qazis in BPS-18, with effe
Published 13 Nov, 2016 12:00am
Food Festival begins at PC Peshawar

Food Festival begins at PC Peshawar

Living up to its tradition for arranging family events for the people of Peshawar, Pearl Continental Peshawar has arranged a Regional Food Festival. For this purpose the hotel's lawn was decorated and the four provinces and Gilgit-Baltistan are represente
Published 13 Nov, 2016 12:00am
NBP organises training program for NAB officials

NBP organises training program for NAB officials

National Bank of Pakistan (NBP) and National Accountability Bureau (NAB) joined hands to organize a five-day training program on "Financial Crime Investigation" from November 7-11, 2016 at the Staff College, Karachi NBP. The opening ceremony was inaugurat
Published 13 Nov, 2016 12:00am
Waseem Akhtar requires bail in one more case

Waseem Akhtar requires bail in one more case

An anti-terrorism court (ATC) on Saturday granted bail to Karachi mayor and Muttahida Qaumi Movement (MQM) leader Waseem Akhtar in a case pertaining to making things easier for founder MQM Altaf Hussain in a bid to make provocative speeches. With the late
Published 13 Nov, 2016 12:00am
Irfan Siddiqui calls on Governor Sindh

Irfan Siddiqui calls on Governor Sindh

Adviser to Prime Minister on National History and Literary Heritage, Irfan Siddiqui, called on Sindh Governor, former Justice Saeed uz Zaman Siddiqui, at the Governor House on Saturday. He also felicitated the newly appointed Governor on assuming the offi
Published 13 Nov, 2016 12:00am
Trade deficit may touch $25 billion mark: PBIF chief

Trade deficit may touch $25 billion mark: PBIF chief

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that Prime Minister constituted a committee to improve external sector in September and directed it to furnish report in one week but so far nothing has been done i
Published 13 Nov, 2016 12:00am
PTI leaders glorifying Musharraf regime: Miftah

PTI leaders glorifying Musharraf regime: Miftah

Pakistan Muslim League-Nawaz (PML-N) economic wizard Miftah Ismail on Saturday wondered why some Pakistan Tehreek-e-Insaf (PTI) leaders felt the repeated urge to glorify General Musharraf (Rtd.) regime. He said, "PTI leaders always highlight that foreign
Published 13 Nov, 2016 12:00am
Government urged to devise multi-pronged strategy for exports
Cotton

Government urged to devise multi-pronged strategy for exports

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Regional Standing Committee Chairman, Ahmad Jawad has said that our government takes a more liberal view for export promotion; offering only the government backed loans like the youth loan sch
Published 13 Nov, 2016 12:00am
Tax relief in fixed tax payment: CCIR lends a helping hand to ABAD

Tax relief in fixed tax payment: CCIR lends a helping hand to ABAD

Dr Tariq Masood, Chief Commissioner Inland Revenue (CCIR), has assured the delegation of Association of Builders and Developers of Pakistan (ABAD) to forward a proposal of allowing 20 per cent tax relief in case of total fixed tax payment in advance.
Published 13 Nov, 2016 12:00am
Farmers advised to plan irrigation
Cotton

Farmers advised to plan irrigation

The Met Office has asked the farmers to schedule crops irrigation as dry weather is expected to continue for another 10 days across the plains. It says that the farmers irrigating their lands through tube-well water should keep the expected dry spell ahea
Published 13 Nov, 2016 12:00am
Need of widespread screening for diabetes underlined

Need of widespread screening for diabetes underlined

Medical specialists have underlined the need of widespread screening for diabetes in the country to check the growing incidence of this metabolic disorder. Speaking to mark the World Diabetes Day organised by SIUT (Sindh Institute of Urology and Transplan
Published 13 Nov, 2016 12:00am
World Diabetes Day tomorrow

World Diabetes Day tomorrow

World Diabetes Day-2016 is being marked on Monday (November 14) here like other parts of the world with a pledge to raise awareness against the disease so that its burden could be reduced through prevention, timely diagnosis and proper treatment facilitie
Published 13 Nov, 2016 12:00am
PPP's Faisal Shaikh arrested

PPP's Faisal Shaikh arrested

Law enforcement agencies arrested Pakistan Peoples Party (PPP) local leader Faisal Shaikh in Karachi during a raid on his residence late on Friday. According to reports, plain-clothed officials arrived at Faisal Shaikh's Nazimabad residence and took into
Published 13 Nov, 2016 12:00am
Quality education brings positive change in society: Jhagra

Quality education brings positive change in society: Jhagra

KP Governor Iqbal Zafar Jhagra said that through quality education we can bring positive change in the society, adding there is no dearth of talent in Pakistan and youngsters graduating from our institutions are doing wonders in various disciplines of lif
Published 13 Nov, 2016 12:00am
Russian warship flotilla now off Syrian coast: military

Russian warship flotilla now off Syrian coast: military

A flotilla of Russian warships is now in the eastern Mediterranean off the Syrian coast after being sent to reinforce Russia's military in the area, a naval commander said on state television. The commander of Russia's flagship Admiral Kuznetsov aircraft
Published 13 Nov, 2016 12:00am
Russia detains 10, says major IS-linked 'terror' plot foiled

Russia detains 10, says major IS-linked 'terror' plot foiled

Russia's security service said on Saturday it had detained 10 people with alleged links to Islamic State on suspicion of plotting armed attacks in Moscow and Saint Petersburg. The FSB security service, the successor to the KGB, said it had detained 10 peo
Published 13 Nov, 2016 12:00am
Woman set on fire in Japan restaurant

Woman set on fire in Japan restaurant

A man set a woman on fire following an argument in a restaurant in Japan, local media reported Saturday, in a rare act of violence in the country. The 52-year-old Iranian man was seen pouring liquid over his 36-year-old Filipina girlfriend before setting
Published 13 Nov, 2016 12:00am
Palestinian leadership tensions flare amid Arafat death anniversary

Palestinian leadership tensions flare amid Arafat death anniversary

Days after the 12th anniversary of the death of Yasser Arafat, Palestinian leaders descended into new recriminations over who may have been involved in the demise of the former president. Coming two weeks before a meeting that is expected to overhaul the
Published 13 Nov, 2016 12:00am
African Union angry over EU payment for Somali troops

African Union angry over EU payment for Somali troops

The African Union has lashed the EU for saying it will pay Burundian peacekeepers in Somalia directly, rather than through their government, ostensibly to prevent the money being diverted to the regime in Bujumbura. In a statement issued late Friday after
Published 13 Nov, 2016 12:00am
Jihadist denies being Brussels attacks 'mastermind'

Jihadist denies being Brussels attacks 'mastermind'

Jihadist Oussama Atar denied investigators' claims that he was the "mastermind" of the Brussels attacks in March that left 32 dead in a letter to his mother, a Belgian newspaper reported on Saturday. La Derniere Heure (DH) published the entire letter - wi
Published 13 Nov, 2016 12:00am
Photographer killed by rally car in Corsica

Photographer killed by rally car in Corsica

A freelance photographer has died after being struck by a car during the Mare è Machja automobile rally in Corsica, local prosecutor Eric Bouillard confirmed on Saturday. The accident took place on Saturday morning, and the race was immediately stopped. T
Published 13 Nov, 2016 12:00am
Hundreds of Boko Haram fighters surrender in Chad

Hundreds of Boko Haram fighters surrender in Chad

Hundreds of Boko Haram fighters and their families have surrendered in Chad in the past month, security and UN sources said, in a sign the military campaign against them is making headway. Boko Haram, which has killed and kidnapped thousands of people, ha
Published 13 Nov, 2016 12:00am
Duterte threatens tough measures to boost drugs war

Duterte threatens tough measures to boost drugs war

Philippine President Rodrigo Duterte has warned he may use his executive power to suspend a legal safeguard against arbitrary arrest and detention, and was willing to use drastic measures and even go to jail to make his war on drugs a success. The former
Published 13 Nov, 2016 12:00am
Ethiopia makes 11,000 state of emergency arrests

Ethiopia makes 11,000 state of emergency arrests

Authorities have arrested more than 11,000 people since Ethiopia declared a state of emergency in early October amid violent protests, state TV said on Saturday. Ethiopia has been in political crisis for around a year with frequent outbreaks of violence a
Published 13 Nov, 2016 12:00am
More anti-Trump protests in New York, Miami, Portland

More anti-Trump protests in New York, Miami, Portland

Demonstrators took to the streets of Miami, New York, Portland and other US cities for a third straight night of nationwide protests to oppose Donald Trump's election as president. People gathered in New York's Washington Square neighbourhood in lower Man
Published 13 Nov, 2016 12:00am
Afghan MPs sack three ministers including foreign affairs

Afghan MPs sack three ministers including foreign affairs

Afghanistan's parliament on Saturday dismissed three government ministers including that of foreign affairs over poor performance, in a blow to President Ashraf Ghani's fragile government. Lawmakers voted to fire Foreign Minister Salahuddin Rabbani and th
Published 13 Nov, 2016 12:00am
New bird flu outbreaks reported in Germany, Switzerland, Austria

New bird flu outbreaks reported in Germany, Switzerland, Austria

Germany, Switzerland and Austria reported new outbreaks of a severe strain of bird flu on Saturday in the latest in a series of cases across Europe. The H5N8 virus has also been found in Hungary, Poland, the Netherlands, Denmark and Croatia. In Germany, t
Published 13 Nov, 2016 12:00am
Venetians rally to fight city exodus

Venetians rally to fight city exodus

Several hundred citizens of Venice rallied on Saturday to draw attention to an exodus of residents that they fear is sucking the life out of the fabled Italy city. Venetians of all ages took part in the "Venexodus" demonstration, clutching signs such as "
Published 13 Nov, 2016 12:00am
Dutch to extradite two genocide suspects to Rwanda

Dutch to extradite two genocide suspects to Rwanda

The Dutch national prosecutor said Saturday that two Rwandans living in the Netherlands accused of participating in the country's 1994 genocide would be extradited to their homeland. "Two Rwandan residents of the Netherlands, a 40-year-old from Voorburg a
Published 13 Nov, 2016 12:00am
Venezuela crisis talks to resume on hostile note

Venezuela crisis talks to resume on hostile note

Venezuela's political rivals will carry out more fraught Vatican-backed talks on Saturday as they struggle to stabilize a volatile country stricken by food shortages. The talks, which began late on Friday, could determine whether the sides maintain their
Published 13 Nov, 2016 12:00am
Cyprus rivals vow to press talks despite dim prospects

Cyprus rivals vow to press talks despite dim prospects

Five days of UN-sponsored talks on ending the decades-old division of Cyprus have adjourned without a breakthrough but negotiators vowed Saturday to press on even as prospects fade for a deal this year. The much-heralded talks between Greek- and Turkish-C
Published 13 Nov, 2016 12:00am
Ex-Congo rebel leader missing, gunfire erupts in border town

Ex-Congo rebel leader missing, gunfire erupts in border town

Congo has stepped up army patrols in its volatile east after the former military chief of a once-powerful rebel group vanished from a camp for demobilised fighters in neighbouring Uganda and gunfire erupted outside an important border town. Julien Paluku,
Published 13 Nov, 2016 12:00am
Ex-US envoy to Moscow says banned from entering Russia

Ex-US envoy to Moscow says banned from entering Russia

Russia has banned Michael McFaul, a former US ambassador to Moscow under President Barack Obama, from entering the country, McFaul and Russian Foreign Ministry sources said. Russia has a travel ban in place on some US officials in retaliation for a US ban
Published 13 Nov, 2016 12:00am
England in driver's seat in first India Test

England in driver's seat in first India Test

Teenager Haseeb Hameed struck an unbeaten half-century on debut as England put themselves in a dominant position in the first Test against India at Rajkot on Saturday. At the end of day four, the tourists were 163 runs ahead of the top-ranked hosts with H
Published 13 Nov, 2016 12:00am
Murray, Djokovic tough to catch, says Wawrinka

Murray, Djokovic tough to catch, says Wawrinka

Stan Wawrinka admits Andy Murray and Novak Djokovic have set such high standards that he doesn't even think about moving above them in the world rankings. Murray ended Djokovic's 122-week reign as world number one last weekend and the Scot is determined t
Published 13 Nov, 2016 12:00am
Pliskova downs Mladenovic in epic to give Czechs 1-0 lead

Pliskova downs Mladenovic in epic to give Czechs 1-0 lead

Karolina Pliskova overcame Kristina Mladenovic's stubborn resistance to give defending champions Czech Republic a 1-0 lead in the Fed Cup final against France with a thrilling 6-3 4-6 16-14 win on Saturday. In one of the competition's finest rubbers, US O
Published 13 Nov, 2016 12:00am
Kashan, Hamza to clash in Khurshid Alam Khan Memorial Tennis final

Kashan, Hamza to clash in Khurshid Alam Khan Memorial Tennis final

Kashan Umar and Hamza Roman took berth into the U-12 category final of the ongoing First Khurshid Alam Khan Memorial Tennis Championship being played here at Qayyum Sports Complex Saturday. In the first semi-final of the Under-12 category Kashan Umar defe
Published 13 Nov, 2016 12:00am
Former South Africa batsman Petersen charged with match fixing

Former South Africa batsman Petersen charged with match fixing

Cricket South Africa (CSA) said Saturday they have charged former batsman Alviro Petersen with match fixing following a lengthy and ongoing investigation. Petersen, 35, captain of Highveld Lions, has been charged with multiple breaches of CSA's anti-corru
Published 13 Nov, 2016 12:00am
Seasons Canola Polo Cup final today

Seasons Canola Polo Cup final today

Sherwood will face Pebble Breakers challenge in the Seasons Canola Polo Cup 2016 main final while Rijas will take on Guard Group/Oye Hoye in the subsidiary final on Sunday (today) here at the Lahore Polo Club (LPC) ground. The subsidiary final will start
Published 13 Nov, 2016 12:00am
Long Beach ITF Seniors Tennis concludes

Long Beach ITF Seniors Tennis concludes

The first Long Beach ITF Seniors World Ranking Tennis Tournament was concluded here Saturday leaving some good memories. Rashid Malik grabbed another title of 45 plus singles on the concluding day. He defeated Israr Gul by 7-6 and 6-3. In 35 plus singles
Published 13 Nov, 2016 12:00am
Starc gives Aussies hope after innings collapse

Starc gives Aussies hope after innings collapse

Mitchell Starc offered Australia a lifeline with an inspired spell after a record low home total against South Africa on an opening day of carnage in the second Test in Hobart on Saturday. The left-arm pace spearhead put the brakes on the Proteas with thr
Published 13 Nov, 2016 12:00am
World Cup qualifying: Marquez sinks US as Mexico snatch thriller

World Cup qualifying: Marquez sinks US as Mexico snatch thriller

Mexico skipper Rafael Marquez scored an 89th-minute winner as the United States crashed to their first World Cup qualifying defeat on home soil in 15 years with a 2-1 loss here Friday. Marquez, 37, headed home a Miguel Layun corner in the dying minutes of
Published 13 Nov, 2016 12:00am
Trump shock weighs on Asia FX sentiment
Currency

Trump shock weighs on Asia FX sentiment

Sentiment towards most emerging Asian currencies remained bearish in the last two weeks and is unlikely to recover soon as Donald Trump's victory in the US presidential election adds to concerns about the region's exports and ties with Washington, a Reute
Published 13 Nov, 2016 12:00am
Canadian dollar hits new 8-month low
Currency

Canadian dollar hits new 8-month low

The Canadian dollar weakened to a fresh eight-month low against its US counterpart on Friday as oil tumbled and as the greenback padded its gains since the US election this week. For the week, the loonie lost 1 percent. US crude oil futures settled $1.25
Published 13 Nov, 2016 12:00am
Aussie, kiwi set for limited falls in low-rates environment
Currency

Aussie, kiwi set for limited falls in low-rates environment

The Australian dollar is still seen declining gradually, but analysts have nudged up forecasts on a one-year horizon to reflect the continued desperate search for yield in a low interest rate world. A Reuters poll of 54 analysts saw the Aussie slipping sl
Published 13 Nov, 2016 12:00am
Japan should not hesitate to act if yen spikes rapidly: Watanabe
Currency

Japan should not hesitate to act if yen spikes rapidly: Watanabe

Japan should not hesitate to intervene in currency markets if the yen spikes rapidly, even if US President-elect Donald Trump opposes such a move, the country's former top currency diplomat Hiroshi Watanabe said on Thursday. Watanabe made the remark a day
Published 13 Nov, 2016 12:00am
Daily retail FX volumes rise in Q3

Daily retail FX volumes rise in Q3

Foreign exchange trading through online retail brokers ticked higher in the third quarter, helped by a rise in politically driven volatility that is looking like the main factor driving the world's biggest financial market this year. Data published by res
Published 13 Nov, 2016 12:00am
Singapore central bank to act to curb excessive FX volatility

Singapore central bank to act to curb excessive FX volatility

Singapore's central bank said on Friday it is ready to curb excessive volatility in the Singapore dollar if needed, as it continues to monitor external developments and their impact on financial markets and the economy. The Monetary Authority of Singapore
Published 13 Nov, 2016 12:00am
Sterling trading around ideal rate for UK economy: economists
Currency

Sterling trading around ideal rate for UK economy: economists

Sterling's near 20 percent plunge following Britain's vote in June to leave the European Union has brought the currency to the ideal rate for the UK economy, according to a Reuters poll of economists taken in the past few days. That plunge, however, has a
Published 13 Nov, 2016 12:00am
Dow chalks up best week in five years, closes at record high

Dow chalks up best week in five years, closes at record high

The Dow Jones industrial average ended at a record closing high on Friday, capping off its best week since 2011 after Donald Trump's unexpected victory in the US presidential election. Since his triumph on Tuesday, investors have been betting on Trump's c
Published 13 Nov, 2016 12:00am
US futures lowest since January

US futures lowest since January

US Treasury futures declined to ten-month lows on Friday as bond investors worried that US President-elect Donald Trump would enact policies that increase inflation, which reduces the value of debt. Bond prices tumbled this week after Trump's surprise ele
Published 13 Nov, 2016 12:00am
US futures lowest since January

US futures lowest since January

US Treasury futures declined to ten-month lows on Friday as bond investors worried that US President-elect Donald Trump would enact policies that increase inflation, which reduces the value of debt. Bond prices tumbled this week after Trump's surprise ele
Published 13 Nov, 2016 12:00am
Neoen considers IPO to fund doubling renewables capacity

Neoen considers IPO to fund doubling renewables capacity

French renewable energy producer Neoen is considering an IPO or a stake sale to fund a doubling of its installed capacity to two gigawatts by 2020, its chief executive said. Neoen is one of several upstart French renewable energy companies that has become
Published 13 Nov, 2016 12:00am
Neoen considers IPO to fund doubling renewables capacity

Neoen considers IPO to fund doubling renewables capacity

French renewable energy producer Neoen is considering an IPO or a stake sale to fund a doubling of its installed capacity to two gigawatts by 2020, its chief executive said. Neoen is one of several upstart French renewable energy companies that has become
Published 13 Nov, 2016 12:00am
After Trump win, critic Buffett sees strong stocks, trade hurdles

After Trump win, critic Buffett sees strong stocks, trade hurdles

Billionaire investor Warren Buffett defended the stock market's strength and raised doubts about President-elect Donald Trump's trade agenda in a CNN interview broadcast on Friday, just days after the US election. Buffett, a vocal critic of Trump, endorse
Published 13 Nov, 2016 12:00am
Line sticks to the global shadows despite splashy IPO

Line sticks to the global shadows despite splashy IPO

It staged one of the year's biggest IPOs but messaging app Line, while a huge draw among teens in Asia, says it has no big ambitions to take on Western giants such as Facebook on their home turf. The Japan-based company known for its popular cartoon "stic
Published 13 Nov, 2016 12:00am
Line sticks to the global shadows despite splashy IPO

Line sticks to the global shadows despite splashy IPO

It staged one of the year's biggest IPOs but messaging app Line, while a huge draw among teens in Asia, says it has no big ambitions to take on Western giants such as Facebook on their home turf. The Japan-based company known for its popular cartoon "stic
Published 13 Nov, 2016 12:00am
TSX posts biggest tumble in nearly 2 months

TSX posts biggest tumble in nearly 2 months

Canada's main stock index tumbled the most since mid-September on Friday as lower commodity prices pressured the shares of energy and mining companies, while financials and industrials also lost ground. The Toronto Stock Exchange's S&P/TSX composite index
Published 13 Nov, 2016 12:00am
Hedge fund closures set to outpace launches in 2016: Eurekahedge

Hedge fund closures set to outpace launches in 2016: Eurekahedge

Hedge fund closures globally are likely to outpace launches this year for the first time in more than 16 years' of data, a leading market data tracker said on Wednesday. This partly reflects rising operational costs and weak performance which has undermin
Published 13 Nov, 2016 12:00am
Hedge fund closures set to outpace launches in 2016: Eurekahedge

Hedge fund closures set to outpace launches in 2016: Eurekahedge

Hedge fund closures globally are likely to outpace launches this year for the first time in more than 16 years' of data, a leading market data tracker said on Wednesday. This partly reflects rising operational costs and weak performance which has undermin
Published 13 Nov, 2016 12:00am
Taiwan stock exchange expects turnover to jump sharply in 2017

Taiwan stock exchange expects turnover to jump sharply in 2017

Taiwan's stock market, one of Asia's best performers this year, is expected to pump up trading volumes sharply in 2017, as it could get a boost from stronger global economic growth, the chairman of the Taiwan Stock Exchange said on Tuesday. The island's b
Published 13 Nov, 2016 12:00am
German government considers privatising motorway network

German government considers privatising motorway network

Germany's Finance Ministry is considering selling a stake of just under 50 percent in the country's motorways to allow it to develop the network's infrastructure more efficiently, Der Spiegel magazine said on Saturday. Ownership of the 13,000 km network,
Published 13 Nov, 2016 12:00am
China says concerned about EU protectionism on steel imports

China says concerned about EU protectionism on steel imports

China is greatly concerned about the European Union's protectionist measures against Chinese steel products, the commerce ministry said on Saturday. "The Chinese side has expressed great concerns and worries about the EU's trade protectionist tendency ove
Published 13 Nov, 2016 12:00am
Posco chief, Samsung executive grilled in South Korea scandal probe

Posco chief, Samsung executive grilled in South Korea scandal probe

South Korean prosecutors investigating a corruption scandal engulfing President Park Geun-Hye questioned the head of the country's largest steelmaker as well as a top Samsung executive on Saturday. Posco chief executive Kwon Oh-Joon was grilled overnight
Published 13 Nov, 2016 12:00am
Bangladesh retrieves a fifth of $81 million stolen in cyber heist

Bangladesh retrieves a fifth of $81 million stolen in cyber heist

Bangladesh's central bank has retrieved just under a fifth of the $81 million that was stolen from its account at the New York Federal Reserve in February, a Bangladesh Bank official said on Saturday. Philippines authorities handed over $15.25 million to
Published 13 Nov, 2016 12:00am
US grand jury indicts former Autonomy CFO

US grand jury indicts former Autonomy CFO

An indictment has been issued by a US grand jury for a former Autonomy executive accused of inflating the British software firm's financial performance before Hewlett-Packard paid $11 billion for it in 2011. Former Autonomy chief financial officer Sushova
Published 13 Nov, 2016 12:00am
ArcelorMittal says new EU plans for CO2 permits pose business threat

ArcelorMittal says new EU plans for CO2 permits pose business threat

ArcelorMittal sees EU plans to scrap some free carbon permits for energy-intensive industries as a threat to its European business, a senior executive at the world's biggest steelmaker told Reuters on Thursday. In April, Europe's highest court ruled that
Published 13 Nov, 2016 12:00am
Audi, SAIC Motor sign deal to weigh jointly making cars in China

Audi, SAIC Motor sign deal to weigh jointly making cars in China

Audi AG and China's SAIC Motor Corp have signed an agreement that will likely pave the way for the German luxury car maker to produce cars in China with SAIC, a person familiar with the matter told Reuters. Executives of Audi and SAIC formally signed the
Published 13 Nov, 2016 12:00am
Brazil's Petrobras falls into red
Currency

Brazil's Petrobras falls into red

Brazilian oil giant Petrobras reported Thursday that it suffered a $4.9 billion loss in the third quarter, hit by a weakening currency and low oil prices. The group's financial director Ivan Monteiro said these factors plus write-downs on certain investme
Published 13 Nov, 2016 12:00am
Brazil's Petrobras falls into red
Currency

Brazil's Petrobras falls into red

Brazilian oil giant Petrobras reported Thursday that it suffered a $4.9 billion loss in the third quarter, hit by a weakening currency and low oil prices. The group's financial director Ivan Monteiro said these factors plus write-downs on certain investme
Published 13 Nov, 2016 12:00am
Ford to resume 24-hour shift in Brazil plant

Ford to resume 24-hour shift in Brazil plant

The Brazilian unit of Ford Motor Co plans to resume 24-hour production at its Bahia plant, in a sign of optimism with Brazil's economic recovery, O Estado de S. Paulo newspaper said on Saturday. About 400 workers who have been suspended since March, when
Published 13 Nov, 2016 12:00am
Vietnam destroys huge ivory, rhino horn cache

Vietnam destroys huge ivory, rhino horn cache

Vietnam destroyed a huge stockpile of ivory and rhino horn Saturday, urging the public to stop consuming illegal wildlife products driving several species towards extinction. The ivory and rhino horn trade is officially banned in Vietnam, but its use in t
Published 13 Nov, 2016 12:00am
Top Chinese businesswoman Dong removed as chief of Gree Group

Top Chinese businesswoman Dong removed as chief of Gree Group

China has removed Dong Mingzhu, one of China's most prominent businesswomen, from the post of chairperson of state-owned conglomerate Gree Group, but retained her as the head of its electronics arm, state news agency Xinhua reported. The move was ordered
Published 13 Nov, 2016 12:00am
Paris wheat futures rise as euro falls

Paris wheat futures rise as euro falls

Paris wheat futures rose on Thursday as traders looked beyond forecasts for record US corn and soyabean production, and a lower euro lent some support to European prices. Firm export premiums in France, linked to limited supply after this year's poor Fren
Published 13 Nov, 2016 12:00am
Palm oil rises on European vegoils market

Palm oil rises on European vegoils market

Palm oil on the European vegetable oils market rose on Thursday following gains in Malaysian palm oil futures because of lower than expected October ending stocks. Palm oil was offered between $5 and $15 a tonne up from Wednesday after Malaysian palm oil
Published 13 Nov, 2016 12:00am
Brazil's slow soyabeans forward selling squeezes margins
Currency

Brazil's slow soyabeans forward selling squeezes margins

Brazilian farmers' reluctance to sell forward the 2016/17 soyabean crop has reduced, and in some cases erased, profit margins for commodities traders, adding to uncertainty over the marketing of an expected record crop. A stronger local currency has reduc
Published 13 Nov, 2016 12:00am
Vietnam's coffee harvest picks up, Indonesia's stocks decline

Vietnam's coffee harvest picks up, Indonesia's stocks decline

Vietnam's coffee harvest picked up this week after rain in key growing regions stopped, and could end a month earlier than usual as farmers seek to benefit from higher prices, traders said on Thursday. Harvesting in the Central Highlands coffee belt resum
Published 13 Nov, 2016 12:00am
Chinese Iron ore futures surge by nine percent

Chinese Iron ore futures surge by nine percent

Iron ore futures in China surged by their 9 percent limit on Thursday to hit a 30-month peak, extending a recent rally backed by strong coking coal markets as well as steel prices. Higher fees imposed by the Dalian Commodity Exchange on trading of coking
Published 13 Nov, 2016 12:00am
CBOT wheat extends losses on technical selling

CBOT wheat extends losses on technical selling

Chicago Board of Trade wheat extended losses to a more than two-week low on Thursday, weighed down by technical selling and as the dollar gained, traders said. The dollar hit a roughly two-week high against a basket of currencies, making US goods more exp
Published 13 Nov, 2016 12:00am
Aframax freight rates in Mediterranean jump on shortage of ships

Aframax freight rates in Mediterranean jump on shortage of ships

Freight rates for Aframax tankers on Black Sea-Mediterranean and cross Mediterranean routes almost doubled on Friday to their highest since July, driven by demand for loadings at the end of November at a time when many Aframaxes are storing oil at sea. Ra
Published 13 Nov, 2016 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Thursday on support from gains in rival vegetable oils palm and soyaoil. Malaysian palm reached new highs due to lower than expected October inventories. The most active canola contract gained 1 percent for the short we
Published 13 Nov, 2016 12:00am
Mills continue buying of quality cotton
Cotton

Mills continue buying of quality cotton

Mills and spinners continued buying of quality lint on the cotton market on Saturday, dealers said. The official spot rate was firm at Rs 5950, dealers said. In Sindh, seed cotton prices were at Rs 2200-3150, they said, in Punjab, phutti rates stayed put
Published 13 Nov, 2016 12:00am
Thai rice export prices fall to 13-month lows

Thai rice export prices fall to 13-month lows

Thai rice export prices hovered around 13-month lows over the past week, attracting more African buyers and leading to dull trade in Vietnam, traders said on Wednesday. Thai benchmark 5 percent broken rice prices narrowed to $345-$348 a tonne on Wednesday
Published 13 Nov, 2016 12:00am
US natural gas futures slip as stockpiles hit record high

US natural gas futures slip as stockpiles hit record high

US natural gas futures slipped about 2 percent on Thursday as inventories reached an all-time high and expectations for mild weather and light heating demand would allow stocks to rise further in coming weeks. The US Energy Information Administration said
Published 13 Nov, 2016 12:00am
Asian gasoil, jet fuel margins edge higher

Asian gasoil, jet fuel margins edge higher

Asian gasoil and jet fuel margins edged higher on Wednesday, largely driven by a fall in underlying crude oil prices after Donald Trump's surprise victory in the US presidential election. Spot demand from Vietnam and a continued buying binge from Winson O
Published 13 Nov, 2016 12:00am
US FOB Gulf export premiums for corn weaker

US FOB Gulf export premiums for corn weaker

Export premiums for corn shipped from the US Gulf Coast were weaker on Thursday on easing CIF barge basis values and plentiful US supplies, while soybean and wheat premiums were mostly steady, traders said. Nearby CIF corn basis values fell by about 3 cen
Published 13 Nov, 2016 12:00am
Indonesia plans to import live cattle

Indonesia plans to import live cattle

Indonesia plans to allow live cattle imports from Mexico, Brazil and Spain in order to stabilise domestic beef prices, the country's trade minister said on Friday, in a potential setback to Australia which is the country's biggest supplier. President Joko
Published 13 Nov, 2016 12:00am
US Midwest bids for corn firmer, soyabean mixed

US Midwest bids for corn firmer, soyabean mixed

Spot basis bids for corn firmed at US Midwest river terminals on Thursday afternoon, while those for soyabeans were steady to mixed, grain merchants said. Corn bids rose at river terminals along the Illinois and Mississippi rivers. However, CIF corn basis
Published 13 Nov, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (November 12, 2016).

Published 13 Nov, 2016 12:00am
THE RUPEE: more slide
Currency

THE RUPEE: more slide

The rupee continued its decline against the dollar on Saturday in the process of trading, dealers said. The rupee shed 10 paisas more in terms of the dollar for buying and selling at Rs 106.10 and Rs 106.30 respectively, they said. The rupee also extended
Published 13 Nov, 2016 12:00am
THE RUPEE: more slide
Currency

THE RUPEE: more slide

The rupee continued its decline against the dollar on Saturday in the process of trading, dealers said. The rupee shed 10 paisas more in terms of the dollar for buying and selling at Rs 106.10 and Rs 106.30 respectively, they said. The rupee also extended
Published 13 Nov, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 12, 2016).

Published 13 Nov, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 12, 2016).

Published 13 Nov, 2016 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (November 12, 2016).
Published 13 Nov, 2016 12:00am
Hides and skins rates

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 12, 2016).

Published 13 Nov, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (November 12, 2016)

Published 13 Nov, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (November 12, 2016).

Published 13 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 12, 2016).

Published 13 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 12, 2016).

Published 13 Nov, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (November 12, 2016) and the forecast for Sunday (November 13, 2016).

Published 13 Nov, 2016 12:00am
YOUR RUPEE LAST MONTH
Currency

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month.(October 3 to 31, 2016)

Published 13 Nov, 2016 12:00am
Gwadar Port: Prime Minister launches cargo shipment activity today

Gwadar Port: Prime Minister launches cargo shipment activity today

Prime Minister Muhammad Nawaz Sharif will kick off the shipment of trade goods from Gwadar Port to international markets on Sunday marking the historic launch of trade activity through China Pakistan Economic Corridor. During his day-long visit to Gwadar,
Published 13 Nov, 2016 12:00am
Gwadar Port: Prime Minister launches cargo shipment activity today

Gwadar Port: Prime Minister launches cargo shipment activity today

Prime Minister Muhammad Nawaz Sharif will kick off the shipment of trade goods from Gwadar Port to international markets on Sunday marking the historic launch of trade activity through China Pakistan Economic Corridor. During his day-long visit to Gwadar,
Published 13 Nov, 2016 12:00am
Gwadar Port: Prime Minister launches cargo shipment activity today

Gwadar Port: Prime Minister launches cargo shipment activity today

Prime Minister Muhammad Nawaz Sharif will kick off the shipment of trade goods from Gwadar Port to international markets on Sunday marking the historic launch of trade activity through China Pakistan Economic Corridor. During his day-long visit to Gwadar,
Published 13 Nov, 2016 12:00am
Khalid Maqbool didn't meet Musharraf: MQM

Khalid Maqbool didn't meet Musharraf: MQM

Muttahida Qaumi Movement (MQM) spokesperson has on Saturday said that party's deputy convenor Khalid Maqbool Siddiqui had gone to Dubai for medical treatment and didn't meet former President Perver Musharraf there. After Farooq Sattar, another senior MQM-
Published 13 Nov, 2016 12:00am
Zardari, Bilawal agree on Long March against government

Zardari, Bilawal agree on Long March against government

Former President Asif Ali Zardari agreed with his son Bilawal Bhutto Zardari, chairman of Pakistan People's Party on the long march against the government announced by the latter. Aaj News reported on Saturday that Bilawal Bhutto met his father in Dubai w
Published 13 Nov, 2016 12:00am
52 killed in Shah Noorani bomb blast

52 killed in Shah Noorani bomb blast

At least 52 people died and more than 100 others were injured on Saturday in a bomb blast at a remote Sufi shrine in Pakistan, officials said, with the Islamic State group claiming the attack. The blast hit worshippers participating in a ceremony at the s
Published 13 Nov, 2016 12:00am
52 killed in Shah Noorani bomb blast

52 killed in Shah Noorani bomb blast

At least 52 people died and more than 100 others were injured on Saturday in a bomb blast at a remote Sufi shrine in Pakistan, officials said, with the Islamic State group claiming the attack. The blast hit worshippers participating in a ceremony at the s
Published 13 Nov, 2016 12:00am
Companies Ordinance, 2016 promulgated

Companies Ordinance, 2016 promulgated

Minister for Finance Mohammad Ishaq Dar on Saturday said the Companies Ordinance, 2016 had been promulgated in order to encourage and facilitate best international corporate practices in the country. In a statement issued by the Ministry of Finance here S
Published 13 Nov, 2016 12:00am
Companies Ordinance, 2016 promulgated

Companies Ordinance, 2016 promulgated

Minister for Finance Mohammad Ishaq Dar on Saturday said the Companies Ordinance, 2016 had been promulgated in order to encourage and facilitate best international corporate practices in the country. In a statement issued by the Ministry of Finance here S
Published 13 Nov, 2016 12:00am
Companies Ordinance, 2016 promulgated

Companies Ordinance, 2016 promulgated

Minister for Finance Mohammad Ishaq Dar on Saturday said the Companies Ordinance, 2016 had been promulgated in order to encourage and facilitate best international corporate practices in the country. In a statement issued by the Ministry of Finance here S
Published 13 Nov, 2016 12:00am
'Million'-strong protest tells South Korea president to quit

'Million'-strong protest tells South Korea president to quit

Pressure on South Korea's scandal-hit president to resign escalated sharply Saturday, with organisers claiming a million-strong turnout at one of the largest - and loudest - anti-government protests the country has ever witnessed. Chanting "Step down Park
Published 13 Nov, 2016 12:00am
'Million'-strong protest tells South Korea president to quit

'Million'-strong protest tells South Korea president to quit

Pressure on South Korea's scandal-hit president to resign escalated sharply Saturday, with organisers claiming a million-strong turnout at one of the largest - and loudest - anti-government protests the country has ever witnessed. Chanting "Step down Park
Published 13 Nov, 2016 12:00am
UN chief confident Trump will show leadership

UN chief confident Trump will show leadership

UN Secretary-General Ban Ki-moon voiced confidence on Friday that Donald Trump will shed the strident rhetoric that propelled him to the White House and engage with the world to confront global crises like climate change. Ban told AFP in an interview that
Published 13 Nov, 2016 12:00am
UN chief confident Trump will show leadership

UN chief confident Trump will show leadership

UN Secretary-General Ban Ki-moon voiced confidence on Friday that Donald Trump will shed the strident rhetoric that propelled him to the White House and engage with the world to confront global crises like climate change. Ban told AFP in an interview that
Published 13 Nov, 2016 12:00am
Protests spread as Trump tones down rhetoric

Protests spread as Trump tones down rhetoric

Thousands of Americans spilled into the streets Saturday for a new day of protests against Donald Trump, even as the president-elect appeared to back away from the fiery rhetoric that propelled him to the White House. The Republican billionaire - huddled
Published 13 Nov, 2016 12:00am
Protests spread as Trump tones down rhetoric

Protests spread as Trump tones down rhetoric

Thousands of Americans spilled into the streets Saturday for a new day of protests against Donald Trump, even as the president-elect appeared to back away from the fiery rhetoric that propelled him to the White House. The Republican billionaire - huddled
Published 13 Nov, 2016 12:00am
Panama Leaks: Sharifs' lawyer to submit evidence on November 15

Panama Leaks: Sharifs' lawyer to submit evidence on November 15

The counsel of Sharif family will submit documentary evidence in support of his clients in Panama Leaks case before the Supreme Court on November 15. A five-member larger bench led by Chief Justice Anwar Zaheer Jamali on November 1 took up five identical
Published 13 Nov, 2016 12:00am
Panama Leaks: Sharifs' lawyer to submit evidence on November 15

Panama Leaks: Sharifs' lawyer to submit evidence on November 15

The counsel of Sharif family will submit documentary evidence in support of his clients in Panama Leaks case before the Supreme Court on November 15. A five-member larger bench led by Chief Justice Anwar Zaheer Jamali on November 1 took up five identical
Published 13 Nov, 2016 12:00am
India ATM reset to take 'weeks': minister

India ATM reset to take 'weeks': minister

India's cash machines will take several weeks to reset with new bills, India's finance minister said Saturday, as public anger mounted over a decision to pull the highest denomination notes from circulation. People queued outside banks for the third day s
Published 13 Nov, 2016 12:00am
India ATM reset to take 'weeks': minister

India ATM reset to take 'weeks': minister

India's cash machines will take several weeks to reset with new bills, India's finance minister said Saturday, as public anger mounted over a decision to pull the highest denomination notes from circulation. People queued outside banks for the third day s
Published 13 Nov, 2016 12:00am
Moot on debt: exports not sufficient enough to repay loans

Moot on debt: exports not sufficient enough to repay loans

Pakistan is not growing enough to justify the borrowing of the present government as the national exports are not sufficient enough for repayment of external loans. This was the gist of the second session of the 3rd National Debt Conference organised by P
Published 13 Nov, 2016 12:00am
Moot on debt: exports not sufficient enough to repay loans

Moot on debt: exports not sufficient enough to repay loans

Pakistan is not growing enough to justify the borrowing of the present government as the national exports are not sufficient enough for repayment of external loans. This was the gist of the second session of the 3rd National Debt Conference organised by P
Published 13 Nov, 2016 12:00am
Moot on debt: exports not sufficient enough to repay loans

Moot on debt: exports not sufficient enough to repay loans

Pakistan is not growing enough to justify the borrowing of the present government as the national exports are not sufficient enough for repayment of external loans. This was the gist of the second session of the 3rd National Debt Conference organised by P
Published 13 Nov, 2016 12:00am
Moot on debt: exports not sufficient enough to repay loans

Moot on debt: exports not sufficient enough to repay loans

Pakistan is not growing enough to justify the borrowing of the present government as the national exports are not sufficient enough for repayment of external loans. This was the gist of the second session of the 3rd National Debt Conference organised by P
Published 13 Nov, 2016 12:00am
Four Americans killed in Afghanistan blast

Four Americans killed in Afghanistan blast

Four Americans were killed Saturday in a huge explosion inside the largest US military base in Afghanistan, Secretary of Defense Ash Carter said. The Americans - two servicemembers and two contractors - were killed at Bagram Airfield by "an apparent suici
Published 13 Nov, 2016 12:00am
Four Americans killed in Afghanistan blast

Four Americans killed in Afghanistan blast

Four Americans were killed Saturday in a huge explosion inside the largest US military base in Afghanistan, Secretary of Defense Ash Carter said. The Americans - two servicemembers and two contractors - were killed at Bagram Airfield by "an apparent suici
Published 13 Nov, 2016 12:00am
China ships sail near disputed islands: Japan

China ships sail near disputed islands: Japan

Chinese coast guard vessels sailed into territorial waters around disputed islands in the East China Sea on Saturday, Japan's coast guard said, marking the second such incident in a week. The four ships entered the waters surrounding the island chain, con
Published 13 Nov, 2016 12:00am
Panama Papers case: Imran vows to submit evidence in SC on November 15

Panama Papers case: Imran vows to submit evidence in SC on November 15

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Saturday announced that he would submit evidence in the Panama Papers case on November 15. Khan announced the decision during a meeting with Awami Muslim League (AML) Chief Sheikh Rasheed Ahmed in Isla
Published 13 Nov, 2016 12:00am
Panama Papers case: Imran vows to submit evidence in SC on November 15

Panama Papers case: Imran vows to submit evidence in SC on November 15

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Saturday announced that he would submit evidence in the Panama Papers case on November 15. Khan announced the decision during a meeting with Awami Muslim League (AML) Chief Sheikh Rasheed Ahmed in Isla
Published 13 Nov, 2016 12:00am
Brother of Saudi king dies

Brother of Saudi king dies

Prince Turki bin Abdel Aziz, a brother of Saudi Arabia's king, has died, a statement from the palace published on the official news agency SPA said early Saturday. Prince Turki - who was born in 1934, according to his official biography - was a son of the
Published 13 Nov, 2016 12:00am
Brother of Saudi king dies

Brother of Saudi king dies

Prince Turki bin Abdel Aziz, a brother of Saudi Arabia's king, has died, a statement from the palace published on the official news agency SPA said early Saturday. Prince Turki - who was born in 1934, according to his official biography - was a son of the
Published 13 Nov, 2016 12:00am
Climate Change: US lauds Pakistan for ratification of Paris agreement

Climate Change: US lauds Pakistan for ratification of Paris agreement

US ambassador to Pakistan, David Hale has said his country desires enhanced people-to-people relations with Pakistan. He was addressing a three-day international conference on effects of climate change in Islamabad on Saturday. The ambassador appreciated
Published 13 Nov, 2016 12:00am
Climate Change: US lauds Pakistan for ratification of Paris agreement

Climate Change: US lauds Pakistan for ratification of Paris agreement

US ambassador to Pakistan, David Hale has said his country desires enhanced people-to-people relations with Pakistan. He was addressing a three-day international conference on effects of climate change in Islamabad on Saturday. The ambassador appreciated
Published 13 Nov, 2016 12:00am
'Intense' fighting in Mosul as civilians flee

'Intense' fighting in Mosul as civilians flee

Elite Iraqi forces engaged in "intense" fighting with jihadists in eastern Mosul Saturday, an officer said, as civilians who had been trapped by the fighting sought to flee the city. Iraqi forces launched a massive operation to retake the country's second
Published 13 Nov, 2016 12:00am
'Intense' fighting in Mosul as civilians flee

'Intense' fighting in Mosul as civilians flee

Elite Iraqi forces engaged in "intense" fighting with jihadists in eastern Mosul Saturday, an officer said, as civilians who had been trapped by the fighting sought to flee the city. Iraqi forces launched a massive operation to retake the country's second
Published 13 Nov, 2016 12:00am
Syria regime rolls back rebel gains in Aleppo: monitor

Syria regime rolls back rebel gains in Aleppo: monitor

Syrian government forces have recaptured all of the areas taken by rebel fighters in a recent assault intended to break the regime siege on eastern Aleppo, a monitor said Saturday. The Syrian Observatory for Human Rights said the army had recaptured key a
Published 13 Nov, 2016 12:00am
Syria regime rolls back rebel gains in Aleppo: monitor

Syria regime rolls back rebel gains in Aleppo: monitor

Syrian government forces have recaptured all of the areas taken by rebel fighters in a recent assault intended to break the regime siege on eastern Aleppo, a monitor said Saturday. The Syrian Observatory for Human Rights said the army had recaptured key a
Published 13 Nov, 2016 12:00am
Eight killed in surge of Rakhine violence

Eight killed in surge of Rakhine violence

Myanmar's military said its troops killed six people and lost two soldiers in clashes with attackers in Rakhine state on Saturday, in the latest flare-up of violence in the crisis-hit region. Northern Rakhine, which is home to the Muslim Rohingya minority
Published 13 Nov, 2016 12:00am
Eight killed in surge of Rakhine violence

Eight killed in surge of Rakhine violence

Myanmar's military said its troops killed six people and lost two soldiers in clashes with attackers in Rakhine state on Saturday, in the latest flare-up of violence in the crisis-hit region. Northern Rakhine, which is home to the Muslim Rohingya minority
Published 13 Nov, 2016 12:00am
Quetta blast case: JC hints at summoning Balochistan CM

Quetta blast case: JC hints at summoning Balochistan CM

While hearing the Quetta hospital blast case, the Judicial Commission headed by Justice Qazi Faez Isa on Saturday expressed resentment over contradictory remarks regarding arrest of the mastermind. Justice Qazi Faez Isa remarked that confusion will persis
Published 13 Nov, 2016 12:00am
Quetta blast case: JC hints at summoning Balochistan CM

Quetta blast case: JC hints at summoning Balochistan CM

While hearing the Quetta hospital blast case, the Judicial Commission headed by Justice Qazi Faez Isa on Saturday expressed resentment over contradictory remarks regarding arrest of the mastermind. Justice Qazi Faez Isa remarked that confusion will persis
Published 13 Nov, 2016 12:00am
Sectarianism is anti-state

Sectarianism is anti-state

At least 43 people were killed and over 100 injured yesterday evening in a bombing at the shrine of Shah Noorani in Khuzdar district of Balochistan. The blast took place at the spot where dhamal was being performed. The attack was claimed by Islamic State
Published 13 Nov, 2016 12:00am
NDTV India: Intolerant Modi

NDTV India: Intolerant Modi

When it comes to foreign policy issues, especially relations with Pakistan, barring a few honourable exceptions, the Indian media has always been toeing the official line, which could be one reason the Modi government has felt encouraged to order a 24-hou
Published 13 Nov, 2016 12:00am
Monetary policy 2.0

Monetary policy 2.0

It is the high time that monetary policy religiosity enshrined in the holy books of central banks of the West was apostatized. Archetypically, a monetary policy is meant and designed to manage the money supply, to achieve price stability, to control infla
Published 13 Nov, 2016 12:00am
Government austerity tops Kuwait election campaign

Government austerity tops Kuwait election campaign

Candidates in Kuwait's parliamentary elections have focused their campaigns on unpopular government austerity measures as the oil-dependent Gulf country faces financial stress due to low crude prices. Kuwait, which sits on around seven percent of the worl
Published 13 Nov, 2016 12:00am
'Responsibility to protect' Whither the norm

'Responsibility to protect' Whither the norm

At the time of this writing, the Syrian crisis is in its fifth year, with rising toll in human casualties and refugees despite a temporary truce agreed few months ago. The civil war grinds on with no apparent end in sight. As a result, the 'Responsibility
Published 13 Nov, 2016 12:00am
India-Japan civil nuclear deal

India-Japan civil nuclear deal

Prime minister of Japan Shinzo Abe and prime minister of India Narendra Modi seem to have celebrated Republican candidate Donald Trump's victory in a profound manner, by cutting a 'landmark' civil nuclear deal.
Published 13 Nov, 2016 12:00am
USDA boosts record corn, soya production outlooks; futures drop

USDA boosts record corn, soya production outlooks; futures drop

The US Agriculture Department raised its already record-high forecast for US corn and soybean harvests on Wednesday, with gains keyed by increased yield estimates in major production states such as Iowa, Minnesota and Ohio. The bumper harvest will leave a
Published 13 Nov, 2016 12:00am
Europe's aluminium rolled product demand robust: Novelis

Europe's aluminium rolled product demand robust: Novelis

European demand for rolled aluminium products remains firm despite the region's sluggish economic growth, the European head of US-based Novelis, the world's largest rolled aluminium product producer, told Reuters. "For Europe, we're seeing good demand in
Published 13 Nov, 2016 12:00am
China's October crude oil imports at 10-month low

China's October crude oil imports at 10-month low

China's crude oil imports in October fell from a record high the previous month to its lowest on a daily basis since January, data showed on Tuesday, as independent refineries cut back purchases because of higher prices and dwindling import quotas. Figure
Published 13 Nov, 2016 12:00am
European metal trade platform for spot delivery launched

European metal trade platform for spot delivery launched

A new trading platform for buying and selling of base metals for immediate physical delivery was launched in October by German company Metalprodex GmbH, with the most initial trading liquidity in aluminium and lead, the company's head said.
Published 13 Nov, 2016 12:00am
Dealings for Brazil's new soya crop slow as farmers, trade cautious

Dealings for Brazil's new soya crop slow as farmers, trade cautious

Commercialisation of Brazil's new soyabean crop has been slow and should continue to be so at least until January, as lower prices keep producers away from the market, Algar Agro trading company head Murilo Braz Sant'Anna said on Wednesday.
Published 13 Nov, 2016 12:00am
China's commodities imports slow to lowest in months
Currency

China's commodities imports slow to lowest in months

China's imports of commodities slowed to the lowest in months in October, as a week-long holiday closed factories, a weakening currency made foreign raw material more expensive and higher prices for products like crude oil hurt demand, analysts said.
Published 13 Nov, 2016 12:00am
Commodity exchanges ask firms to register products

Commodity exchanges ask firms to register products

China's main commodity exchanges have asked finance firms to register details of their products, the latest move by Beijing to increase supervision over risky products. China has taken a series of steps this year to cool the rise of highly leveraged commo
Published 13 Nov, 2016 12:00am
LME pauses fund charm offensive to calm traditional members

LME pauses fund charm offensive to calm traditional members

Plans to boost volumes by making it cheaper and easier for funds to trade London Metal Exchange contracts have been shelved to avoid fuelling further conflict with traditional members, sources said. Volumes have been tumbling since the exchange imposed a
Published 13 Nov, 2016 12:00am
Egypt's sugar shortage a window on economic policy confusion
Currency

Egypt's sugar shortage a window on economic policy confusion

Cairo grocer Bakr Atef has stopped selling sugar since authorities seized his stocks last month, accusing him of hoarding as a growing economic crisis angers Egyptians and raises fears of street protests. "They are coming and taking any quantity they find
Published 13 Nov, 2016 12:00am
Germany's Trimet expects full-capacity aluminium output

Germany's Trimet expects full-capacity aluminium output

Trimet Aluminium, Germany's largest aluminium producer, expects to operate at full capacity in the coming year on the back of firm demand from the automobile and other industries, executive board member Thomas Reuther told Reuters. Trimet produced 775,000
Published 13 Nov, 2016 12:00am
Politicians play havoc with country: Khattak

Politicians play havoc with country: Khattak

KP Chief Minister Pervez Khattak has said that politicians themselves have played havoc with both country and its system, adding that in case of the ineffective system, they could not be issued clean-chit and the remedy is only possible in the reforms. Ad
Published 13 Nov, 2016 12:00am
QWP chief concerned over delay in KP-Fata merger

QWP chief concerned over delay in KP-Fata merger

Qaumi Watan Party (QWP) Chairman Aftab Ahmed Khan Sherpao has expressed concern over the delay in the integration of Fata with Khyber Pakhtunkhwa, and stated that people residing in Fata have cultural, social, economic and political affiliations with peop
Published 13 Nov, 2016 12:00am
Bachelor Degree Programmes: around 19,336 appear in SU pre-entry test

Bachelor Degree Programmes: around 19,336 appear in SU pre-entry test

Around 19,336 candidates have appeared in pre-entry test for admissions in Sindh University Pre-Entry Test of Morning and Evening Bachelor Degree Programme 2017`for admission to various disciplines at Faculty of Arts and suburban buildings. In parallel, a
Published 13 Nov, 2016 12:00am
Rs 7.8 billion disbursed under PM's loan program

Rs 7.8 billion disbursed under PM's loan program

7.8 billion rupees have so far been disbursed amongst 8230 beneficiaries under Prime Minister Youth Business Loan Program. Under this scheme subsidized loans up to two million rupees at 6 percent markup rate are being offered to unemployed youth especiall
Published 13 Nov, 2016 12:00am
Balochistan MPs demand blue passport

Balochistan MPs demand blue passport

The Balochistan Assembly adopted two resolutions in the absence of Chief Minister on Saturday, urging the government to provide blue passports to the provincial lawmakers and build residential lodges for them, observes Free and Fair Election Network (FAFE
Published 13 Nov, 2016 12:00am
Prices of essential kitchen items show mixed trend

Prices of essential kitchen items show mixed trend

Prices of essential kitchen items witnessed a mixed trend during this past week as compared to the preceding week, according to a survey conducted by Business Recorder, here on Saturday. According to details, prices of chicken, egg, sugar, liquefie
Published 13 Nov, 2016 12:00am
Cable operators demand deferment of DTH launch

Cable operators demand deferment of DTH launch

Cable operators of Khyber Pakhutnkhwa Saturday demanded of Pakistan Electronic Media Regularity Authority (PEMRA) for deferment of the launching of DTH for next two to three years. Addressing a news conference here at Peshawar Press Club (PPC), Coordinato
Published 13 Nov, 2016 12:00am
KP government failed to fulfill its promises: Hoti

KP government failed to fulfill its promises: Hoti

Former chief minister and President Awami National Party (ANP) Khyber Pakhtunkhwa, Ameer Haider Khan Hoti on Saturday said the Khyber Pakhtunkhwa government had badly failed to fulfill its promises made with people of the province. Addressing a public mee
Published 13 Nov, 2016 12:00am
Free-medical camp organised in FR DI Khan

Free-medical camp organised in FR DI Khan

Directorate of Health Service Fata, has organised a free medical camp in Frontier Region (FR) Dera Ismail Khan under the mobile hospital programme. According to statement, issued here on Saturday, the directorate of Health Services, under mobile hospital
Published 13 Nov, 2016 12:00am
Pro-Altaf slogans cause embarrassment to MQM-London

Pro-Altaf slogans cause embarrassment to MQM-London

For the first time since detachment of founder of Muttahida Qaumi Movement (MQM) with Pakistan chapter, supporters of MQM-London chanted slogans against the Pakistan body until a meeting that was convened was cancelled. A meeting to organise workers of MQ
Published 13 Nov, 2016 12:00am
KP BAC asks CM for provision of office, staff

KP BAC asks CM for provision of office, staff

Chairman, Khyber Pakhtunkhwa Business Advisory Committee (KP BAC), Riaz Khattak and General Secretary Adnan Jalil have asked the provincial government for honouring all commitments made with them to operationalise the panel in true sense. Talking to media
Published 13 Nov, 2016 12:00am
Speakers underscore need for adopting better tax policies

Speakers underscore need for adopting better tax policies

Speakers while addressing a seminar on "Viability of Flat Taxation in Pakistan" stressed the need for adopting better tax policies and lowering tax rates in Pakistan as high rate of taxes cause economic stagnation. Well-consulted Tax reforms would help us
Published 13 Nov, 2016 12:00am
Reports of IMF, World Bank on economy disturbing: PEW

Reports of IMF, World Bank on economy disturbing: PEW

Pakistan Economy Watch (PEW) on Saturday said reports of International Monetary Fund (IMF) and World Bank (WB) about Pakistan's economy are disturbing. It asked the government to take steps to revive economy as exports, investment and remittances continue
Published 13 Nov, 2016 12:00am
PIA clarification

PIA clarification

It is clarified that media reports regarding laying off of 30% PIA employees as a result of closing down of airline's town offices is totally baseless. PIA management is encouraging online sale of tickets that will reduce dependence on town offices, which
Published 13 Nov, 2016 12:00am
Murad, Chandio criticise Nisar for berating Bilawal

Murad, Chandio criticise Nisar for berating Bilawal

Chief Minister Sindh Murad Ali Shah on Saturday said it would be better if Interior Minister Chaudhry Nisar Ali Khan had concentrated more on his job rather than lambasting Chairman Pakistan Peoples' Party Bilawal Bhutto Zardari. He also decried the feder
Published 13 Nov, 2016 12:00am
US desires enhanced people-to-people relations with Pakistan: Hale

US desires enhanced people-to-people relations with Pakistan: Hale

US Ambassador to Pakistan, David Hale has said his country desires enhanced people-to-people relations with Pakistan. He was addressing a three-day international conference on effects of climate change in Islamabad on Saturday. The ambassador appreciated
Published 13 Nov, 2016 12:00am
Pakistan Navy takes command of CTF-151

Pakistan Navy takes command of CTF-151

In an impressive change of command ceremony held at the US Naval Central Command Headquarters in Bahrain, Pakistan Navy assumed the Command of Multinational Combined Task Force 151 (CTF-151) from Republic of Korea (RoK) Navy, a statement said on Saturday.
Published 13 Nov, 2016 12:00am
Emirates signs multi-million dollar deal with Thales

Emirates signs multi-million dollar deal with Thales

Emirates on Saturday announced that it has signed an agreement with Thales to equip its Boeing 777X fleet with Thales AVANT inflight entertainment system. The airline will work in partnership with Thales to develop and enhance the state-of-the-art infligh
Published 13 Nov, 2016 12:00am
Crackdown against criminals to be launched

Crackdown against criminals to be launched

Deputy Inspector General (DIG) Operations Dr Haidar Ashraf has decided for launching a massive crackdown against the drug peddlers, gamblers and others criminals in the wake of increasing crime rate in the city. He expressed theses views while presiding o
Published 13 Nov, 2016 12:00am
Government to overcome Panamagate challenge soon: Abid

Government to overcome Panamagate challenge soon: Abid

Minister of State for Water and Power Abid Sher Ali on Saturday said, "The federal government would easily come out of the Panamagate crisis soon, just the way Defence Minister Khawaja Asif came out of a petition at the Supreme Court challenging his elect
Published 13 Nov, 2016 12:00am
Energy projects; work being carried out for early completion: Shabaz

Energy projects; work being carried out for early completion: Shabaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that tremendous work is being carried out for early completion of energy projects. He said that energy projects are also being speedily forwarded throughout the country under China Pakistan Economic C
Published 13 Nov, 2016 12:00am
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