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Archive - 2017-01-04
Stocks hold gains after Fed minutes; dollar down
Financial

Stocks hold gains after Fed minutes; dollar down

NEW YORK: Stock indexes around the world gained on Wednesday, bolstered by upbeat global economic data and by minutes from the Federal Reserve's December meeting, which showed policymakers thought the U.
Published 04 Jan, 2017 08:44pm
Tennis: Federer loses to teenager Zverev
Sports

Tennis: Federer loses to teenager Zverev

PERTH: Roger Federer's comeback from injury struck its first hurdle on Wednesday when he was beaten by teenager Alexander Zverev at the mixed teams Hopman Cup in Perth, but the Swiss champion remained upbeat.
Published 04 Jan, 2017 08:41pm
Turkey identifies Istanbul gunman, makes new arrests
Europe

Turkey identifies Istanbul gunman, makes new arrests

ANKARA: Turkey said Wednesday it had identified the gunman behind the New Year's massacre on an elite Istanbul nightclub that killed 39, as President Recep Tayyip Erdogan warned the attack aimed to polarise Turkish society.
Published 04 Jan, 2017 08:41pm
WB makes loan arrangements for Tarbela Dam
Pakistan Top News

WB makes loan arrangements for Tarbela Dam

ISLAMABAD: Country Director World Bank (WB) Patchamuthu Illangovan Wednesday informed Finance Minister Senator Mohammad Ishaq Dar that loans have been arranged for the Tarbela Dam 5th Extension Hydropower Project.
Published 04 Jan, 2017 08:36pm
PTI repeating old baseless narratives: Talal
General News

PTI repeating old baseless narratives: Talal

ISLAMABAD: Pakistan Muslim League-N Member of the National Assembly Talal Chaudhry Wednesday said the Pakistan Tehreek-i-Insaf (PTI) was repeating its old baseless narratives before the new bench of the Supreme Court hearing the Panama Papers case.
Published 04 Jan, 2017 08:32pm
Panama Papers case is in final phase: Khawaja Asif
Front Top News

Panama Papers case is in final phase: Khawaja Asif

ISLAMABAD: Minister for Defence, Water and Power Khawaja Muhammad Asif Wednesday said the Panama Papers case was in the final phase and the government would accept the Supreme Court's decision in the case.
Published 04 Jan, 2017 08:31pm
CM chairs meeting of SIDB
General News

CM chairs meeting of SIDB

PESHAWAR: Chief Minister Khyber Pakhtunkhwa Pervez Khattak on Wednesday chaired a meeting of the Board of Directors of Small Industrial Development Board that approved 10% increase in salaries and award of one bonus to the employees working in Woodwork Ce
Published 04 Jan, 2017 08:30pm
CM takes notice of aerial firing
General News

CM takes notice of aerial firing

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif on Wednesday took notice of a news telecast by media regarding aerial firing in a ceremony in Sheikhupura and sought report from DPO Sheikhupura in this regard.
Published 04 Jan, 2017 08:29pm
CM suspends MS Jinnah Hospital
General News

CM suspends MS Jinnah Hospital

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif on Wednesday ordered immediate suspension of Medical Superintendent Jinnah Hospital on non-provision of proper treatment to female patient of Kasur in the hospital.
Published 04 Jan, 2017 08:28pm
Strong reports from GM, Delta lift US stocks
Financial

Strong reports from GM, Delta lift US stocks

NEW YORK: Wall Street stocks rose early Wednesday following a bullish December auto sales report from General Motors and a solid performance report from Delta that lifted airlines.
Published 04 Jan, 2017 05:07pm
Raw sugar hits 1-1/2 month high, coffee jumps
Commodities

Raw sugar hits 1-1/2 month high, coffee jumps

LONDON: Raw sugar hit a 1-1/2 month high on Wednesday on sustained concerns of a cane shortage in India, the world's second-largest producer, while coffee jumped on currency strength in major producers Vietnam and Brazil.
Published 04 Jan, 2017 04:18pm
Libya's oil output close to 700,000 bpd
Energy

Libya's oil output close to 700,000 bpd

TRIPOLI: Libya's oil production is close to 700,000 barrels per day after the restart of two major oil fields, an official from the NOC state energy company said on Wednesday.
Published 04 Jan, 2017 04:03pm
Yields inch up for second day ahead of Fed minutes
Financial

Yields inch up for second day ahead of Fed minutes

NEW YORK: US Treasury debt yields edged higher on Wednesday for a second straight day in quiet trading as they continued to benefit from increased market appetite for risk with the rise in stocks and oil prices as well as an improving global economic envi
Published 04 Jan, 2017 04:00pm
South Africa's rand firms as dollar retreats, stocks down
Financial

South Africa's rand firms as dollar retreats, stocks down

JOHANNESBURG: South Africa's rand firmed on Wednesday as the US dollar fell against a basket of currencies, with investors cautious about increasing bets on the greenback before getting fresh clues on the US economy and the timing of interest rate ris
Published 04 Jan, 2017 03:57pm
SBP auctions MTBs of Rs 251.186bn
Top News

SBP auctions MTBs of Rs 251.186bn

KARACHI: State Bank of Pakistan on Wednesday sold Government of Pakistan Market Treasury Bills (MTBs) worth Rs 251.
Published 04 Jan, 2017 03:36pm
Imran admitted levelling allegations without evidence: Marriyum
Pakistan Top News

Imran admitted levelling allegations without evidence: Marriyum

ISLAMABAD: Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb Wednesday said PTI Chairman Imran Khan had admitted before the court that his job was just to level allegations without having any evidence.
Published 04 Jan, 2017 03:35pm
Gulf stock listings nosedive in 2016: report
Financial

Gulf stock listings nosedive in 2016: report

KUWAIT CITY: Stock markets in the energy-rich Gulf saw a sharp drop in the number of initial public offerings in 2016, as well as the value of listings, a report said Wednesday.
Published 04 Jan, 2017 02:24pm
Impressive Wawrinka moves into quarters
Sports

Impressive Wawrinka moves into quarters

BRISBANE: Reigning US Open champion Stan Wawrinka was in impressive form as he saw off Serbia's Viktor Troicki in straight sets to move into the quarter-finals of the Brisbane International Wednesday.
Published 04 Jan, 2017 02:24pm
Sri Lanka set 507 to win
Cricket

Sri Lanka set 507 to win

CAPE TOWN: South Africa declared their second innings on 224 for seven on the third day of the second Test against Sri Lanka at Newlands on Wednesday.
Published 04 Jan, 2017 01:56pm
Federer loses to teenager Zverev
Sports

Federer loses to teenager Zverev

PERTH: Roger Federer's comeback from injury struck its first hurdle on Wednesday when he was beaten by teenager Alexander Zverev at the mixed teams Hopman Cup in Perth.
Published 04 Jan, 2017 01:54pm
Trump again raises doubt that Russia hacked US election
World Top News

Trump again raises doubt that Russia hacked US election

WASHINGTON: President-elect Donald Trump on Wednesday again cast doubt on US intelligence findings that Russia hacked the presidential election, repeating WikiLeaks founder Julian Assange's assertion that leaked information damaging to Democrats did n
Published 04 Jan, 2017 01:51pm
Sardar Yousuf for raising Kashmir issue at every forum
Pakistan

Sardar Yousuf for raising Kashmir issue at every forum

ISLAMABAD: Federal Minister for Religious Affairs, Sardar Muhammad Yousuf Wednesday stressed the need for raising Kashmir issue at every forum to help its early resolution in accordance with the wishes of Kashmiri people.
Published 04 Jan, 2017 12:34pm
Wahab admits bowling failure against Australia
Cricket

Wahab admits bowling failure against Australia

Pakistan series against Australia has been a sad state of affairs for the Team Misbah, with the visitors already have lost the series 2-0, no progress has been made in particular by the bowling unit to stop the Aussies batting onslaught.
Published 04 Jan, 2017 12:11pm
Tax amnesty be given to investors in Gwadar
General News

Tax amnesty be given to investors in Gwadar

ISLAMABAD: Balochistan Government in a bid to attract investors from all across the country has devised an amnesty scheme and has also sent summary to the Federal Government in this regard.
Published 04 Jan, 2017 11:17am
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed lower on Wednesday having 48704.
Published 04 Jan, 2017 10:55am
CM Sindh wants issuance of CNICs before census
General News

CM Sindh wants issuance of CNICs before census

KARACHI: The Sindh government has decided to approach the federal government to mobilize special teams of NADRA to issue Computerized National Identity Cards (CNICs) to people of rural areas of the province before the upcoming housing census.
Published 04 Jan, 2017 10:50am
Zidane celebrates flawless year at Madrid
Football

Zidane celebrates flawless year at Madrid

MADRID: The relentless demands for success at Real Madrid have cost many high-profile and heavily experienced coaches their jobs, but Zinedine Zidane has made the move into senior management look serene as he celebrates a year in charge as a European and
Published 04 Jan, 2017 10:17am
PC urged to complete ongoing privatization transactions timely
Pakistan Top News

PC urged to complete ongoing privatization transactions timely

ISLAMABAD: Finance Minister, Senator Muhammad Ishaq Dar urged Privatization Commission (PC) to undertake all necessary measures to complete the ongoing privatization transactions timely in accordance with processes defined in the Privatization Commission
Published 04 Jan, 2017 10:12am
Vibrant Sky By The Dock -  Christopher Markisz
Featured Photos

Vibrant Sky By The Dock - Christopher Markisz

Christopher Markisz aka Dub Sonata is a talented self-taught photographer, musician and songwriter from Oakland, who currently based in New York City.
Published 04 Jan, 2017 09:55am
Mesmerizing Landscapes by Christopher Markisz
Featured Photos

Mesmerizing Landscapes by Christopher Markisz

Photo Credit : Christopher Markisz%Dhristopher Markisz aka Dub Sonata is a talented self-taught photographer, musician and songwriter from Oakland, who currently based in New York City.
Published 04 Jan, 2017 09:52am
Gorgeous Landscape Photography by Davey Gravy
Featured Photos

Gorgeous Landscape Photography by Davey Gravy

Photo Credit : Davey Gravy%Davey Gravy is a talented self-taught photographer, filmmaker, painter and artist based in Calgary, Alberta, Canada.
Published 04 Jan, 2017 09:46am
Beautiful Portraits by David Schermann
Featured Photos

Beautiful Portraits by David Schermann

Photo Credit : David Schermann%David Schermann is a talented 24-year old self taught photographer and artist based in Vienna, Austria.
Published 04 Jan, 2017 09:42am
The Drum Thing: Incredible Music Photography by Deirdre OCallaghan
Featured Photos

The Drum Thing: Incredible Music Photography by Deirdre OCallaghan

Photo Credit : Deirdre O'Callaghan%Deirdre OCallaghan is a talented freelance photographer and musical artist, who was born in 1970 in County Cork, Ireland, lived in London and currently resides in Santa Monica, California.
Published 04 Jan, 2017 09:40am
Good and Bad Superheroes by Agan Harahap II/III
Featured Photos

Good and Bad Superheroes by Agan Harahap II/III

Photo Credit : Agan Harahap%Dgan Harahap is a talented 36-year-old photographer, retoucher and artist currently based in Jakarta, Indonesia.
Published 04 Jan, 2017 09:35am
Zardari to attend Trump's inauguration
Front Top News

Zardari to attend Trump's inauguration

ISLAMABAD: Pakistan Peoples Party (PPP) co-chairman and former President of Pakistan Asif Ali Zardari will attend the of President-elect Donald Trump later this month.
Published 04 Jan, 2017 09:33am
Allowing sugar exports
Miscellaneous

Allowing sugar exports

Last week, the Commerce Ministry gave sugar mills the green light to export 225,000MT of sugar, but without a subsidy.
Published 04 Jan, 2017 09:24am
Ian Chappell slams veteran Younis Khan
Cricket

Ian Chappell slams veteran Younis Khan

Pakistani veteran batsman Younis Khan didnt have the best of the series by all accounts, as the countrys most successful run-maker in Test cricket has been struggling throughout the series against Australia.
Published 04 Jan, 2017 08:18am
SC to hear Panamagate case on daily basis
Front Top News

SC to hear Panamagate case on daily basis

ISLAMABAD: A new Supreme Court (SC) larger bench led by Justice Asif Saeed Khosa resumed the hearing of Panama Papers Leaks case on Wednesday.
Published 04 Jan, 2017 08:11am
PM, children have new counsel team
Front Top News

PM, children have new counsel team

KHUDAYAR MOHLA%D%AISLAMABAD: Prime Minister Nawaz Sharif and his children Tuesday changed their legal team in the Panama Leaks case, which is being taken up by a larger bench of the Supreme Court.
Published 04 Jan, 2017 07:57am
Injury forces 'old' Venus out of Auckland
Sports

Injury forces 'old' Venus out of Auckland

AUCKLAND: Venus Williams pulled out of the Auckland Classic with an arm injury Tuesday just hours after "feeling old" in overcoming unsung teenager Jade Lewis 7-6 (7/2), 6-2.
Published 04 Jan, 2017 07:14am
Myanmar commission denies abuses against Rohingya
Asia

Myanmar commission denies abuses against Rohingya

YANGON: A commission probing violence in Myanmar's Rakhine State on Wednesday denied security forces had abused Rohingya, days after a video emerged showing police beating civilians from the Muslim minority.
Published 04 Jan, 2017 06:53am
WikiLeaks urges leaks of departing Obama White House docs
North America

WikiLeaks urges leaks of departing Obama White House docs

WASHINGTON: WikiLeaks appealed Tuesday for leaked White House documents before President Barack Obama leaves office, as its founder Julian Assange again denied Russia was the source of hacked Democratic party emails that hurt Hillary Clinton's bid for
Published 04 Jan, 2017 06:48am
Indian police investigate New Year sex attacks
Asia

Indian police investigate New Year sex attacks

BANGALORE: Indian police have filed a case after finding "credible" evidence that groups of men sexually assaulted women at a New Year's eve celebration, an incident that has sparked widespread outrage.
Published 04 Jan, 2017 06:41am
Obama moves to stop Trump gutting signature healthcare law
Front Top News

Obama moves to stop Trump gutting signature healthcare law

WASHINGTON: US President Barack Obama will make a short but politically charged trip from the White House to Capitol Hill Wednesday, calling allied lawmakers to arms in defence of his signature healthcare reforms.
Published 04 Jan, 2017 06:39am
Pakistan in trouble after Australia declare
Cricket

Pakistan in trouble after Australia declare

SYDNEY: Pakistan were in early trouble after Australia called a halt to their massive first innings at 538 for eight on the second day of the third Test in Sydney on Wednesday.
Published 04 Jan, 2017 06:36am
Steps being taken to ensure good pharma manufacturing practices: ACS

Steps being taken to ensure good pharma manufacturing practices: ACS

Terming drug testing process as an essential requirement to save people from spurious and substandard drugs, Additional Chief Secretary Punjab Shamail Ahmad Khawaja on Tuesday said the Punjab government was going to take necessary measures to ensure good
Published 04 Jan, 2017 12:00am
Punjab to launch new projects for small livestock farmers

Punjab to launch new projects for small livestock farmers

Punjab Minister for Livestock and Dairy Development Asif Saeed Manais has said that Provincial Livestock Ministry is planning to initiate new projects in collaboration with the Punjab Livestock and Dairy Development Board (PLDDB) to facilitate the small f
Published 04 Jan, 2017 12:00am
Government determined to modernise forest department: minister

Government determined to modernise forest department: minister

Punjab Minister for Forests, Wildlife and Fisheries Mian Yawar Zaman has said that government is determined to modernise Forest Department and effective measures are being taken to turn it into a self-sufficient body. 'In future while preparing working ma
Published 04 Jan, 2017 12:00am
PU researcher discovers 3.3 million-year-old elephant tusk fossil

PU researcher discovers 3.3 million-year-old elephant tusk fossil

Punjab University Department of Zoology's PhD student Ghayyour Abbas has made a marvellous discovery of a rare 3.3 million-year-old elephant tusk fossil from the Village Tatrot in Sohawa Tehsil of District Jhelum. In this regard, Punjab University Vice Ch
Published 04 Jan, 2017 12:00am
Smuggled goods, vehicles worth Rs 32 million seized

Smuggled goods, vehicles worth Rs 32 million seized

The Anti-Smuggling Organisation (ASO) Lahore seized foreign origin smuggled goods worth PKR 32 Million during the month of December 2016 involving duty and taxes to the tune of millions of rupees, said spokes of Customs department. He said the seized good
Published 04 Jan, 2017 12:00am
Philip Morris (Pakistan) Limited

Philip Morris (Pakistan) Limited

Philip Morris (Pakistan) Limited is the second-largest cigarette manufacturer in Pakistan. It is an affiliate of the Philip Morris International Inc (PMI). The firm is listed on the Pakistan Stock Exchange (PSX) under the moniker, PMPKL. PMI made its entr
Published 04 Jan, 2017 12:00am
Philip Morris (Pakistan) Limited

Philip Morris (Pakistan) Limited

Philip Morris (Pakistan) Limited is the second-largest cigarette manufacturer in Pakistan. It is an affiliate of the Philip Morris International Inc (PMI). The firm is listed on the Pakistan Stock Exchange (PSX) under the moniker, PMPKL. PMI made its entr
Published 04 Jan, 2017 12:00am
CDNS achieves Rs 110 billion by December 31

CDNS achieves Rs 110 billion by December 31

The Central Directorate of National Savings (CDNS) achieved Rs 110 billion in last months of second quarter of the current fiscal year from July 1 to December 31, 2016. The target for the year 2016-17 was set at Rs 228 billion as the directorate was able
Published 04 Jan, 2017 12:00am
One youth martyred in Baramulla

One youth martyred in Baramulla

The Indian troops in their fresh act of state terrorism, martyred one youth in Baramulla district of the occupied Kashmir on Tuesday. The troops killed the youth during a siege and search operation at Haritar in Sopore area of the district. Meanwhile, the
Published 04 Jan, 2017 12:00am
Clarification sought on governments' powers to tax services under FEA

Clarification sought on governments' powers to tax services under FEA

The Deputy Attorney General of Pakistan has asked the Law and Justice Division and the Federal Board of Revenue (FBR) to clarify whether province or the federation has exclusive power to tax services under Federal Excise Act (FEA) 2005 after the 18th Amen
Published 04 Jan, 2017 12:00am
Stranded sailors to return home on January 5

Stranded sailors to return home on January 5

Four Pakistani sailors stranded onboard the Kuwaiti cargo ship near the port of Suez will be returning home on January 5. The Pakistani Embassy has completed preparations to repatriate the four sailors, according to sources. The sailors identified as Moha
Published 04 Jan, 2017 12:00am
Russia flags war games with US ally Philippines

Russia flags war games with US ally Philippines

The Russian Navy said Tuesday it was planning to hold war games with the Philippines, as two of its ships made a rare stop in Manila following Filipino President Rodrigo Duterte's pivot from the United States. Rear Admiral Eduard Mikhailov, the deputy com
Published 04 Jan, 2017 12:00am
South Korean president shuns impeachment hearing

South Korean president shuns impeachment hearing

South Korea's Constitutional Court on Tuesday held its first full hearing on whether to confirm the impeachment of President Park Geun-Hye but she stayed away from the session. The nine-judge court must decide whether to affirm parliament's vote on Decemb
Published 04 Jan, 2017 12:00am
No North Korea missile will be capable of reaching US: Trump
Currency

No North Korea missile will be capable of reaching US: Trump

President-elect Donald Trump took to Twitter again on Monday evening to promise North Korea would not develop a nuclear missile capable of reaching US territory. His comments come a day after the North Korean leader, Kim Jong-Un, appeared to try to put pr
Published 04 Jan, 2017 12:00am
Trump names protectionist as US trade representative

Trump names protectionist as US trade representative

President-elect Donald Trump announced Tuesday he has nominated Reagan-era lawyer Robert Lighthizer, described as an advocate of greater protectionism, as US trade representative. Trump's choice for one of his last remaining senior appointments signals th
Published 04 Jan, 2017 12:00am
Floods hit Malaysia, thousands evacuated

Floods hit Malaysia, thousands evacuated

Emergency services in Malaysia deployed boats and trucks Tuesday as thousands of villagers were stranded after four days of heavy rain caused flooding in east coast states, officials said. Floods in Terengganu and Kelantan states forced authorities to shu
Published 04 Jan, 2017 12:00am
Emboldened Republicans take reins of new Congress

Emboldened Republicans take reins of new Congress

A new US Congress convenes Tuesday, with Republicans emboldened by Donald Trump's incoming presidency and pushing their ambitious conservative agenda including cutting taxes, slashing regulations and repealing Barack Obama's health care law. With the Sena
Published 04 Jan, 2017 12:00am
Indian minister blames 'western dress' for sex attacks

Indian minister blames 'western dress' for sex attacks

An Indian minister faced a severe backlash Tuesday after he criticised women for dressing "like westerners" at a New Year's eve celebration where a mob allegedly carried out a series of sex assaults. Although police have yet to charge anyone in connection
Published 04 Jan, 2017 12:00am
Burundi bans oldest rights group

Burundi bans oldest rights group

Burundi authorities have banned the country's oldest human rights organisation, which had continued reporting abuses despite being suspended when political turmoil broke out nearly two years ago. A ministerial order made public Tuesday accused the Iteka L
Published 04 Jan, 2017 12:00am
Fire in historic Chilean city 'practically' controlled

Fire in historic Chilean city 'practically' controlled

A large fire that burned 150 homes in the historic port city of Valparaiso, Chile has been "practically" brought under control, an official said Tuesday. Monday's fire forced dozens of residents to take refuge in shelters and devoured green hillsides in t
Published 04 Jan, 2017 12:00am
US Customs computer collapse leaves thousands of travellers waiting

US Customs computer collapse leaves thousands of travellers waiting

A nation-wide collapse of the US customs service computer system left thousands of passengers lined up at airports awaiting clearance to officially enter the country, the authorities and US media said Monday. "Customs and Border Protection has nation-wide
Published 04 Jan, 2017 12:00am
British art critic, revolutionary John Berger dies

British art critic, revolutionary John Berger dies

Influential British art critic and prize-winning author John Berger, a self-declared revolutionary who controversially backed the far-left Black Panthers, has died aged 90, his son told AFP Tuesday. Berger was best known for his art criticism essay "Ways
Published 04 Jan, 2017 12:00am
Warner in Bradman class, Renshaw maiden century

Warner in Bradman class, Renshaw maiden century

David Warner joined the illustrious company of Don Bradman and Victor Trumper with a Test century before lunch as rookie partner Matthew Renshaw hit his maiden hundred against Pakistan on Tuesday. Warner smashed a whirlwind 18th Test hundred off 78 balls
Published 04 Jan, 2017 12:00am
Murray eases to first win of 2017

Murray eases to first win of 2017

Andy Murray began 2017 where he left off last year, beating Jeremy Chardy in straight sets in his season opener in Qatar on Tuesday to register his 25th consecutive victory. The world number one secured a 6-0, 7-6 victory, breezing through the first set i
Published 04 Jan, 2017 12:00am
Double Olympic champ Fourcade slams Russian 'masquerade'

Double Olympic champ Fourcade slams Russian 'masquerade'

France's double Olympic champion Martin Fourcade has dubbed as a "masquerade" the response by Russia and the International Biathlon federation (IBU)to the McLaren report revelations on doping involving Russian biathletes. Russia has withdrawn from holding
Published 04 Jan, 2017 12:00am
Williamson leads New Zealand to comfortable win

Williamson leads New Zealand to comfortable win

Kane Williamson belted 73 off 55 balls as New Zealand cruised to a six-wicket win over Bangladesh in the first Twenty20 match in Napier on Tuesday. New Zealand cut down their 142-run target with two overs to spare as captain Williamson held the innings to
Published 04 Jan, 2017 12:00am
Kyrgios shrugs off injury after beating Pavlasek

Kyrgios shrugs off injury after beating Pavlasek

Australian Open hopeful Nick Kyrgios played down another injury scare after his Hopman Cup win over Adam Pavlasek in Perth on Tuesday. Kygrios appeared hampered by a left knee problem during the singles match, in which he beat Pavlasek 7-5, 6-4 to tempora
Published 04 Jan, 2017 12:00am
Serena shakes off rust for comeback win

Serena shakes off rust for comeback win

Serena Williams overcame rust and a troublesome wind to launch her comeback from a four-month lay-off with a 6-3, 6-4 win over 69th-ranked Pauline Parmentier at the Auckland Classic on Tuesday. In her first outing since she was shocked by Karolina Pliskov
Published 04 Jan, 2017 12:00am
Muguruza survives big scare

Muguruza survives big scare

French Open champion Garbine Muguruza saved a match point before seeing off Russia's Daria Kasatkina in the second round of the Brisbane International on Tuesday. The 23-year-old Spaniard won 7-5, 3-6, 7-6 (9/7) over the 19-year-old Kasatkina, who served
Published 04 Jan, 2017 12:00am
Pakistan hopes to host West Indies for Twenty20s

Pakistan hopes to host West Indies for Twenty20s

Pakistan said Tuesday it hoped the West Indies would agree to play two Twenty20 internationals in the country in March despite security concerns. No major team has toured Pakistan since a militant attack on the Sri Lankan team bus in Lahore in March 2009.
Published 04 Jan, 2017 12:00am
Rabada, Philander dismantle Sri Lanka

Rabada, Philander dismantle Sri Lanka

Kagiso Rabada and Vernon Philander took four wickets each as South Africa bowled out Sri Lanka for 110 and took total control on the second day of the second Test at Newlands on Tuesday. South Africa built on a first innings lead of 282 and reached 35 for
Published 04 Jan, 2017 12:00am
Nadal storms into Brisbane second round

Nadal storms into Brisbane second round

Former world number one Rafael Nadal enjoyed an ideal start to his first Brisbane International Tuesday, storming into the second round with a straight sets win over Ukrainian Alexandr Dolgopolov. Nadal took only 74 minutes to see off Dolgopolov 6-3, 6-3
Published 04 Jan, 2017 12:00am
Aussie and kiwi up
Currency

Aussie and kiwi up

The Australian dollar inched higher on Tuesday in thin holiday trading after China's factory activity picked up faster than expected, while the New Zealand dollar was also buoyant. The Australian dollar, typically used as a liquid proxy for the yuan, rose
Published 04 Jan, 2017 12:00am
Sterling hits two-month low against dollar
Currency

Sterling hits two-month low against dollar

Sterling hit a two-month low against a dollar that soared to its highest levels in 14 years against a basket of currencies on Tuesday, the first day of London trading in 2017. The pound had earlier hit a two-week high against the euro after a survey sugge
Published 04 Jan, 2017 12:00am
Turkey lira crashes to historic low
Currency

Turkey lira crashes to historic low

Turkey's embattled currency the lira on Tuesday crashed to a new historic low against the US dollar due to higher than expected inflation figures and security worries after the Istanbul night-club attack. The lira was trading at 3.59 to the greenback, a l
Published 04 Jan, 2017 12:00am
Most Asian currencies move higher
Currency

Most Asian currencies move higher

Most Asian currencies edged higher on Tuesday as an upbeat survey of Chinese factory activity prompted traders to pare back bearish bets after the sell-off in Asian currencies over the past couple of months. The South Korean won led the gains with a rise
Published 04 Jan, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Tuesday. 78.70-78.70 (previous 78.70-78.70).
Published 04 Jan, 2017 12:00am
Dollar back on trend in Europe, hits two-week high versus yen
Currency

Dollar back on trend in Europe, hits two-week high versus yen

The US dollar racked up its biggest rise in more than two weeks in 2017's first full day of European trading on Tuesday, as dealers and investors in London returned to push the greenback close to December's long-term highs. One of January's big question-m
Published 04 Jan, 2017 12:00am
Early trade in New York: dollar hits 14-year highs
Currency

Early trade in New York: dollar hits 14-year highs

The US dollar rose to its highest in 14 years against the euro and a basket of major currencies on Tuesday after data showed solid growth in US manufacturing. The dollar index rose to 103.820, its highest level since December 2002 after data showed US fac
Published 04 Jan, 2017 12:00am
Dollar holds ground in Asia
Currency

Dollar holds ground in Asia

The US dollar held quietly firm on Tuesday as the prospect of rising US interest rates this year kept sentiment bullish, while a surprisingly upbeat reading on Chinese manufacturing gave the Aussie dollar a lift. A holiday in Japan made for thin trade, le
Published 04 Jan, 2017 12:00am
FTSE sets fresh record high on first trading day of 2017
Currency

FTSE sets fresh record high on first trading day of 2017

Britain's top share index hit a further record high on Tuesday, extending an end-of-year rally into 2017, with financials and commodities-related stocks leading the market upwards. The FTSE 100 ended 0.5 percent higher at 7,177.89 points as the London Sto
Published 04 Jan, 2017 12:00am
Australia shares hit 19-month high

Australia shares hit 19-month high

Australian shares closed at a 19-month high in thin trade on Tuesday boosted by financials and miners, which gained on rising base metal prices. New Zealand's share market was closed for a public holiday and will reopen on Wednesday. The S&P/ASX 200 index
Published 04 Jan, 2017 12:00am
Sri Lankan shares down

Sri Lankan shares down

Sri Lankan shares fell for a third straight session on Tuesday, hitting a nine-month closing low, as investors sold shares of market heavyweight John Keells Holdings Plc amid worries over a weakening rupee and rising interest rates. The Colombo stock inde
Published 04 Jan, 2017 12:00am
European shares rally as FTSE starts 2017 by setting record high

European shares rally as FTSE starts 2017 by setting record high

Strength in financials and commodity-related stocks continued to underpin European equity markets on Tuesday, with Britain's blue-chip index starting the new year at a record high and other major indexes hitting fresh peaks. The pan-European STOXX 600 clo
Published 04 Jan, 2017 12:00am
China stocks start 2017 on solid footing

China stocks start 2017 on solid footing

China stocks started the first trading day of 2017 on a solid footing as concerns of a liquidity crunch faded and strong factory growth offered more signs of a stabilising economy. The blue-chip CSI300 index rose 1.0 percent to 3,342.23 points, while the
Published 04 Jan, 2017 12:00am
Indian shares rise, Bharti Airtel falls

Indian shares rise, Bharti Airtel falls

Indian shares ended higher as lenders such as State Bank of India recovered from the previous session's losses, but mobile operators fell after Bharti Airtel unveiled a plan with free 4G data, sparking competition fears. The broader NSE index ended up 0.1
Published 04 Jan, 2017 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks began 2017 with a small gain on Tuesday, extending momentum from the previous session, with tech companies such as Taiwan Semiconductor Manufacturing Co (TSMC) leading the way. The main TAIEX index was 0.2 percent higher at 9,268.46 as of 02
Published 04 Jan, 2017 12:00am
SE Asia markets: Vietnam rises; Philippines pares losses

SE Asia markets: Vietnam rises; Philippines pares losses

Vietnam shares rose for a third straight session on Tuesday led by banking stocks while other markets in the region ushered in the new year on a lacklustre note. Vietnam shares gained 1.1 percent with Joint Stock Commercial Bank for Foreign Trade of Viet
Published 04 Jan, 2017 12:00am
Hong Kong stocks start 2017 firmer
Currency

Hong Kong stocks start 2017 firmer

Hong Kong stocks advanced on the year's first trading day on Tuesday, with optimism stemming from China's solid manufacturing surveys offseting the negative impact of a strong US dollar. The Hang Seng index rose for a fourth straight trading session, up 0
Published 04 Jan, 2017 12:00am
Gulf region rises, markets exposed to foreign funds outperform

Gulf region rises, markets exposed to foreign funds outperform

Stock markets in the Middle East gained on Tuesday, with those most exposed to international funds outperforming as global equities and crude oil prices firmed on their first full-scale trading day of 2017. Cairo's main index closed 1.1 percent higher wit
Published 04 Jan, 2017 12:00am
US manufacturing, construction sectors shine as year ended

US manufacturing, construction sectors shine as year ended

US factory activity accelerated to a two-year high in December amid a surge in new orders and rapidly rising raw material prices, indicating that some of the drag on manufacturing from prolonged dollar strength and a slump in oil prices was fading.
Published 04 Jan, 2017 12:00am
China box-office growth plummets in 2016
Currency

China box-office growth plummets in 2016

China's once searing box-office growth crashed in 2016, official data showed, as a weak crop of films and a cutback in subsidies caused a drastic slowdown in the world's second-largest film market. Ticket revenue grew 3.7 percent year-on-year to 45.7 bill
Published 04 Jan, 2017 12:00am
UK manufacturing growth unexpectedly hits 2-1/2-year high: PMI

UK manufacturing growth unexpectedly hits 2-1/2-year high: PMI

British manufacturing grew at its fastest pace in two and a half years high last month, adding to signs that the economy ended 2016 strongly despite the shock of June's Brexit vote, a survey showed on Tuesday. The Markit/CIPS UK Manufacturing Purchasing M
Published 04 Jan, 2017 12:00am
Food, drink push Turkish inflation up in December

Food, drink push Turkish inflation up in December

Sharp rises in food and drinks prices pushed Turkish inflation to a higher-than-expected 1.64 percent in December, official data showed on Tuesday, triggering a slide in the lira to a record low against the dollar. Growing worries over inflation have exac
Published 04 Jan, 2017 12:00am
Kazakhstan lifts visa requirements to boost tourism, investment

Kazakhstan lifts visa requirements to boost tourism, investment

Kazakhstan said Tuesday it had lifted visa requirements for citizens of the European Union, OECD countries and a number of other states in a bid to boost investment and tourism. The move, which follows a similar measure by neighbouring Uzbekistan, comes a
Published 04 Jan, 2017 12:00am
Brazil logs record trade surplus despite troubles

Brazil logs record trade surplus despite troubles

Brazil logged a record $48-billion trade surplus last year, a silver lining to its economic and political turmoil, the government said Monday. The country's key oil, auto and sugar exports fell at a slower pace than its plunging imports, foreign trade sec
Published 04 Jan, 2017 12:00am
Bangladesh forex reserves hit record, top $32 billion

Bangladesh forex reserves hit record, top $32 billion

Bangladesh's foreign exchange reserves hit a record $32.09 billion at the end of December, the central bank said on Tuesday, up $720 million from the previous month. The reserves were sufficient to cover about nine months' worth of imports, and are $4.6 b
Published 04 Jan, 2017 12:00am
China launches rural assets reforms to boost farmers' incomes

China launches rural assets reforms to boost farmers' incomes

China has kicked off reforms to allow farmers to turn their assets into shares in various ventures to help boost their incomes, the country's agriculture minister said on Tuesday. "At the present, it's urgent to safeguard farmers' property rights and it's
Published 04 Jan, 2017 12:00am
Dubai arrests Indian businessman for alleged fraud

Dubai arrests Indian businessman for alleged fraud

The Indian owner of a Dubai-based foreign exchange trading firm who had promised to double investors' money has been arrested in the emirate for suspected fraud, a newspaper reported Tuesday. Sydney Lemos, 36, from Goa, had been arrested on December 21, T
Published 04 Jan, 2017 12:00am
UK music fans drive vinyl sales to 25-year high

UK music fans drive vinyl sales to 25-year high

The revival of vinyl records in Britain continued in 2016 with sales jumping to their highest level in 25 years, according to figures released on Tuesday. Music fans bought more than 3.2 million LPs last year, a rise of 53 percent on 2015 and the highest
Published 04 Jan, 2017 12:00am
Canada manufacturing growth rises

Canada manufacturing growth rises

The pace of growth in the Canadian manufacturing sector picked up slightly in December as orders for new work rose to the highest level in two years as companies saw greater demand in the auto and energy sectors, data showed on Tuesday. The Markit Canada
Published 04 Jan, 2017 12:00am
Argentina treasury minister to propose broad tax reform

Argentina treasury minister to propose broad tax reform

Argentina's new Treasury Minister Nicolas Dujovne said he would propose a broad tax reform focused on slashing taxes on salaries and banking in interviews with La Nacion and other local papers published on Tuesday. Dujovne officially joined the government
Published 04 Jan, 2017 12:00am
Argentina treasury minister to propose broad tax reform

Argentina treasury minister to propose broad tax reform

Argentina's new Treasury Minister Nicolas Dujovne said he would propose a broad tax reform focused on slashing taxes on salaries and banking in interviews with La Nacion and other local papers published on Tuesday. Dujovne officially joined the government
Published 04 Jan, 2017 12:00am
Singapore's Q4 GDP growth surprises as manufacturing rebounds

Singapore's Q4 GDP growth surprises as manufacturing rebounds

Singapore's economy posted surprisingly strong growth in the fourth quarter, although the outlook is clouded by China's slowdown and risks of rising global trade protectionism under the incoming Trump Administration. A rebound in manufacturing helped the
Published 04 Jan, 2017 12:00am
Fincantieri chosen as preferred bidder for S Korea's STX French unit

Fincantieri chosen as preferred bidder for S Korea's STX French unit

A South Korean court handling the bankruptcy of STX Offshore and Shipbuilding Co said Tuesday that Italian shipbuilder Fincantieri has been designated the preferred bidder for STX's profitable French unit. "The court reached the decision this afternoon,"
Published 04 Jan, 2017 12:00am
Serbia seeks new management of copper mine

Serbia seeks new management of copper mine

Serbia's RTB Bor is seeking a new management team to prepare the state-run copper mine and smelter for privatisation and repay up to 1 billion euros ($1.05 billion) of debt. The Balkan state has been trying to privatise RTB Bor for more than a decade. As
Published 04 Jan, 2017 12:00am
Platinum and palladium jump in Europe

Platinum and palladium jump in Europe

Platinum and palladium jumped by more than 4 percent on Tuesday as investors scrambled for position as the new year got under way and gold steadied after posting its biggest quarterly loss in more than three years. The themes of late 2016 appeared to be p
Published 04 Jan, 2017 12:00am
Gold up in Asia

Gold up in Asia

After gaining more than 8 percent in 2016, gold extended its strong run into the New Year, pushed higher in 2017's first day of trading on Tuesday on technical buying, despite a stronger dollar. At 0641 GMT, spot gold was up 0.6 percent at $1,158.10 per o
Published 04 Jan, 2017 12:00am
New York cocoa rebounds from 3-1/2 year low, sugar surges

New York cocoa rebounds from 3-1/2 year low, sugar surges

New York cocoa futures fell to their lowest in 3-1/2 years on Tuesday before turning higher as the market began to consolidate after a prolonged slide in prices. Dealers said the decline had been fuelled by funds building net short positions against the b
Published 04 Jan, 2017 12:00am
Malaysian palm oil hits two-week high
Currency

Malaysian palm oil hits two-week high

Malaysian palm oil futures opened the year strongly on Tuesday, rising to a two-week high on weak output and a firm performance by fellow oilseed soya. Palm was also supported by a weaker ringgit, palm's traded currency, which made it cheaper for holders
Published 04 Jan, 2017 12:00am
Bumper soya harvest in Brazil may be disrupted

Bumper soya harvest in Brazil may be disrupted

Soya farmers in Brazil are concerned that heavy rains in January could disrupt the start of harvesting of the 2016-2017 crop, forecast at a record 100 million tonnes, growers and industry experts said on Friday. Due to early planting this year, much of th
Published 04 Jan, 2017 12:00am
Oil turns negative on strong dollar after hitting 18-month highs

Oil turns negative on strong dollar after hitting 18-month highs

Oil prices turned negative after earlier hitting 18-month highs on Tuesday, the first trading day of 2017, as the US dollar rallied to its highest since 2002. Traders said crude prices were buoyed earlier in the day by hopes that a deal between Opec and o
Published 04 Jan, 2017 12:00am
Iraqi PM says Kurds exporting more oil than allocated

Iraqi PM says Kurds exporting more oil than allocated

Iraq Prime Minister Haider al-Abadi said the autonomous Kurdish region was exporting more than its allocated share of oil as the country seeks to comply with an Opec output cut. In November, Opec agreed to cut output by 1.2 million barrels per day from Ja
Published 04 Jan, 2017 12:00am
Copper and nickel fall
Currency

Copper and nickel fall

Copper retreated from a two-week high on Tuesday as a stronger dollar outweighed expectations of solid consumption in the United States and China, where economic data showed signs of improvement. Three-month copper on the London Metal Exchange closed 0.6
Published 04 Jan, 2017 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded copper contract on the Shanghai Futures Exchange rose 0.73 percent to 45,760 yuan ($6,580) a tonne on Tuesday after a strong finish to 2016, as worries of weakening demand receded with expectations that consumption will be strong in the Un
Published 04 Jan, 2017 12:00am
China takes aim at corn glut with plastics, livestock feed push

China takes aim at corn glut with plastics, livestock feed push

China plans to boost production of biodegradable plastics made out of corn and increase the use of the grain as an animal feed in the next three years, the government said on Thursday, the latest effort to absorb a domestic glut that has hurt prices.
Published 04 Jan, 2017 12:00am
Indian sugar mills shut early as drought hits cane crop

Indian sugar mills shut early as drought hits cane crop

More than two dozen mills in India's top sugar producing western state of Maharashtra have stopped crushing due to cane shortage while many more mills are likely to shut before February end, a producers' body said on Tuesday. Sugar mills in Maharashtra ty
Published 04 Jan, 2017 12:00am
Indian soyaoil, soyabean rise on tight supplies

Indian soyaoil, soyabean rise on tight supplies

Indian soyabean and soyaoil futures rose on Monday, helped by tight supplies and higher demand. The January soyaoil contract on the National Commodity & Derivatives Exchange Ltd (NCDEX) was up 1.22 percent at 724.80 Indian rupees ($10.64) per 10 kg as of
Published 04 Jan, 2017 12:00am
Lacklustre conditions seen on cotton market
Cotton

Lacklustre conditions seen on cotton market

Lacklustre condition was seen on the cotton market on Tuesday as leading buyers remained on the sidelines amid release of the Pakistan Cotton Ginners Association (PCGA) report, dealers said. The official spot rate was unchanged at Rs 6250, dealers said. I
Published 04 Jan, 2017 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 163,073 tonnes of cargo comprising 138,142 tonnes of import cargo and 24,931 tonnes of export cargo including 9,546 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 13
Published 04 Jan, 2017 12:00am
European wheat futures little changed in thin volumes
Currency

European wheat futures little changed in thin volumes

European wheat futures were little changed in thin volumes on Monday as New Year holiday closures in the United States and elsewhere encouraged many traders to stay on the sidelines. A weaker euro lent some support to Paris futures, but the quiet market l
Published 04 Jan, 2017 12:00am
Vietnamese coffee prices stable in dull post-holiday market

Vietnamese coffee prices stable in dull post-holiday market

Vietnamese coffee prices remained stable as the market continued to soak in the holiday spirit, leading to a subdued first trading day in the new year, traders said on Tuesday. Traders quoted robusta grade 2, 5 pct black and broken at $60-$70 per tonne be
Published 04 Jan, 2017 12:00am
Algeria to buy 50,000 tonnes of milling wheat

Algeria to buy 50,000 tonnes of milling wheat

Algeria's state grains agency OAIC has issued an international tender to buy optional-origin soft milling wheat, European traders said on Monday. The tender sought a nominal 50,000 tonnes but Algeria often buys considerably more in its tenders than the no
Published 04 Jan, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,068. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 2.66 billion and the number of lots traded was 6,951. Major business was contributed by gold
Published 04 Jan, 2017 12:00am
Asian naphtha crack recovers from 1-1/2-week low

Asian naphtha crack recovers from 1-1/2-week low

Asia's naphtha crack recovered from the 1-1/2-week low hit on December 30 to touch a two-session high of $74.08 a tonne on Tuesday as a steady stream of demand from North Asia helped soaked up some of the excess supply. South Korea's Hanwha Total and Chin
Published 04 Jan, 2017 12:00am
Shallow water again troubles Rhine, Danube shipping

Shallow water again troubles Rhine, Danube shipping

Shallow water after dry weather in December continues to prevent cargo vessels from sailing fully loaded on the Rhine and Danube rivers in Germany, traders said on Monday. All of the Rhine and Danube in Germany is too shallow for normal sailings with some
Published 04 Jan, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 Jan, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 Jan, 2017 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 04 Jan, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 04 Jan, 2017 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (January 03, 2017).

Published 04 Jan, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (January 03, 2017).

Published 04 Jan, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (January 03, 2017).
Published 04 Jan, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (January 03, 2017).

Published 04 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 03, 2017).

Published 04 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 03, 2017).

Published 04 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 03, 2017).

Published 04 Jan, 2017 12:00am