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Archive - 2017-01-24
Tennis: Czechs make do without Berdych
Sports

Tennis: Czechs make do without Berdych

PRAGUE: The Czech Republic will send a squad weakened by the loss of world number ten Tomas Berdych to face Australia in their Davis Cup first round encounter next month.
Published 24 Jan, 2017 08:40pm
Trump asks Comey to stay as FBI director: media
North America

Trump asks Comey to stay as FBI director: media

WASHINGTON: US President Donald Trump has asked FBI director James Comey to stay in his post, despite criticism for his actions during the presidential election which many Democrats say damaged Hillary Clinton's candidacy, media reports said Tuesday.
Published 24 Jan, 2017 08:36pm
Merkel won't face vote challenge from Gabriel
Europe

Merkel won't face vote challenge from Gabriel

BERLIN: The head of Germany's Social Democrats on Tuesday abandoned an expected bid to challenge Chancellor Angela Merkel in September's general election, nominating former European Parliament speaker Martin Schulz instead.
Published 24 Jan, 2017 07:13pm
Trump to announce Supreme Court nominee next week
North America

Trump to announce Supreme Court nominee next week

WASHINGTON: President Donald Trump said Tuesday he will announce next week his nominee to fill a vacant seat on the US Supreme Court -- a crucial decision that could shift the court's balance on major issues such as abortion.
Published 24 Jan, 2017 07:09pm
Airbus says entering 'dangerous phase' due to Brexit
Europe

Airbus says entering 'dangerous phase' due to Brexit

LONDON: The operations boss of Airbus declared Tuesday that the European aerospace giant was entering a "dangerous phase" because of Brexit, which could complicate its free movement of staff and products.
Published 24 Jan, 2017 07:09pm
May critic says Brexit parliament role 'essential'
Europe

May critic says Brexit parliament role 'essential'

LONDON: One of Theresa May's harshest backbench critics said Tuesday she would not block start of Brexit negotiations in parliament, but warned the prime minister should not expect a free ride.
Published 24 Jan, 2017 07:07pm
CM orders removal of encroachments on KCR route
General News

CM orders removal of encroachments on KCR route

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has ordered the removal of encroachments on route of the Karachi Circular Railway (KCR) project and installation of barbed-wire-fence along it to make the project fit for launching.
Published 24 Jan, 2017 06:39pm
Shehbaz Sharif flays opponents
General News

Shehbaz Sharif flays opponents

LAHORE: Chief Minister Punjab Muhammad Shehbaz Sharif delivered a very thrilling speech and during his speech the audience raised slogans: "Long Live PM Nawaz Sharif", "Long Live CM Shehbaz Sharif", "Daikho Daikho Kon Aya-Shair Aya Shair Aya", "Shair Eikw
Published 24 Jan, 2017 06:34pm
VW plant in Germany extends production stop
Industry

VW plant in Germany extends production stop

BERLIN: Volkswagen said it will halt production at one of its biggest auto-making factories in Germany on more days than originally planned because of shrinking demand for the Passat saloon and estate models.
Published 24 Jan, 2017 06:01pm
Germany raises growth forecast for 2017 exports, imports
World

Germany raises growth forecast for 2017 exports, imports

BERLIN: Germany expects both exports and imports to grow faster this year than previously forecast, a government source told Reuters on Tuesday, providing an optimistic outlook despite fears of protectionism under US President Donald Trump.
Published 24 Jan, 2017 04:34pm
FedEx CEO urges Trump to rethink trade, embrace China
North America

FedEx CEO urges Trump to rethink trade, embrace China

WASHINGTON: US President Donald Trump should reconsider his positions on international trade and work to embrace China and its vast market, FedEx Corp CEO Fred Smith said on Tuesday, one day after Trump made good on his campaign pledge to pull out of the
Published 24 Jan, 2017 04:30pm
Bharti Airtel's profits plunge as India's price war bites
Industry

Bharti Airtel's profits plunge as India's price war bites

MUMBAI: Bharti Airtel, India's largest telecoms network operator, reported its lowest profit in four years as competition from a new rival hit revenues that were also affected by a cash crunch, after the federal government scrapped high-value banknote
Published 24 Jan, 2017 04:25pm
Raw sugar prices rise, coffee consolidates after climb
Commodities

Raw sugar prices rise, coffee consolidates after climb

LONDON: Raw sugar futures were higher on Tuesday with technical buying helping the commodity to test a recent band of resistance, though news of a rise in production in the Indian state of Uttar Pradesh helped to stall the advance.
Published 24 Jan, 2017 04:19pm
Imran to find nothing on Panama issue: Marvi Memon
Pakistan

Imran to find nothing on Panama issue: Marvi Memon

HYDERABAD: Chairperson Benazir Income Support Programme (BISP) Marvi Memon has said that PTI Chief Imran Khan would find nothing in Panama case and Prime Minister Muhammad Nawaz Sharif and his family surely come out successfully from this baseless issue.
Published 24 Jan, 2017 02:17pm
Saad asks PTI chief to avoid destabilizing country
Front Top News

Saad asks PTI chief to avoid destabilizing country

ISLAMABAD: Minister for Railways Khawaja Saad Rafique on Tuesday said that Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan was fulfilling the evil designs of enemies and asked him to avoid destabilizing the country.
Published 24 Jan, 2017 02:14pm
Dar reviews matters related to privatization
Pakistan

Dar reviews matters related to privatization

ISLAMABAD: Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Privatization Senator Mohammad Ishaq Dar chaired a meeting which reviewed matters related to privatization here at the Ministry of Finance on Tuesday.
Published 24 Jan, 2017 02:13pm
British PM May to visit Turkey on Saturday
Europe

British PM May to visit Turkey on Saturday

LONDON: Prime Minister Theresa May will visit Turkey on Saturday and meet President Recep Tayyip Erdogan, a spokesman said on Tuesday, as the British leader seeks to prepare for post-Brexit trade deals.
Published 24 Jan, 2017 12:47pm
US sent $221mn to Palestinians in Obama's last hour
Front Top News

US sent $221mn to Palestinians in Obama's last hour

ISLAMABAD: Officials say the Obama administration in its waning hours defied Republican opposition and quietly released $221 million to the Palestinian Authority that his party members (GOP) had been blocking in the Congress.
Published 24 Jan, 2017 11:38am
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Tuesday having 49968.
Published 24 Jan, 2017 11:14am
Court ruling will not change Brexit timetable
Europe

Court ruling will not change Brexit timetable

LONDON: Britain still intends to start talks on leaving the European Union by the end of March, despite a Supreme Court ruling that the government must first obtain parliamentary approval, Downing Street said Tuesday.
Published 24 Jan, 2017 11:06am
PML-N making real 'Naya Pakistan': PM Nawaz
Pakistan Top News

PML-N making real 'Naya Pakistan': PM Nawaz

MULTAN: Prime Minister Muhammad Nawaz Sharif Tuesday said the Pakistan Muslim League was making the real "New Pakistan" by undertaking mega development projects to serve the masses.
Published 24 Jan, 2017 11:04am
World Cup champs get their medals after 30 years
Cricket

World Cup champs get their medals after 30 years

The 1987 World Cup winning squad of Australia was finally presented with their medals, 30 years after winning the trophy, during a medal distribution ceremony at the Sydney Cricket Ground (SCG) on Sunday, at the innings break on the fourth one-day interna
Published 24 Jan, 2017 09:01am
Panamagate case: JI Counsel irks SC
Front Top News

Panamagate case: JI Counsel irks SC

ISLAMABAD: The judges at the Supreme Court of Pakistan on Tuesday expressed their displeasure when the JI counsel referred to Syed Zafar Ali Shah case.
Published 24 Jan, 2017 08:46am
Artificial alien life-forms now made in labs
Technology

Artificial alien life-forms now made in labs

All life that exists on earth has a primal code that remains unchanged, a DNA code constituent of four letter, namely G,T,C and A, they are molecules that end pairing in the DNA helix creating life, all of it as we know it. %D%A%D%A
Published 24 Jan, 2017 08:45am
Australia opens door to China in push to save TPP
Front Top News

Australia opens door to China in push to save TPP

SYDNEY: Australia said Tuesday it was working to recast the Trans-Pacific Partnership without the United States and opened the door for China to sign up after President Donald Trump ditched the huge trade pact.
Published 24 Jan, 2017 08:21am
Give Egyptians something to celebrate: Elmohamady
Football

Give Egyptians something to celebrate: Elmohamady

PORT-GENTIL: Ahmed Elmohamady knows what it takes to win the Africa Cup of Nations and the Hull City man is quietly confident that Egypt can go all the way again on their long-awaited return to the tournament.
Published 24 Jan, 2017 08:13am
Wawrinka into semis with bad-tempered win
Sports

Wawrinka into semis with bad-tempered win

MELBOURNE: Stan Wawrinka mastered former finalist Jo-Wilfried Tsonga in straight sets to reach his third Australian Open semi-final after a mid-match argument on Tuesday.
Published 24 Jan, 2017 07:51am
Tokyo stocks dip on Trump protectionism fears
Financial

Tokyo stocks dip on Trump protectionism fears

TOKYO: Tokyo stocks slipped Tuesday as exporters were hit by a yen rally, fuelled by concerns over President Donald Trump's global trade plans and comments from his Treasury Secretary pick over a stronger dollar.
Published 24 Jan, 2017 07:46am
The feel good factor
Miscellaneous

The feel good factor

Pakistans economy went through a patch of low growth and high inflation era (FY08-14) mired with bleak security situation and energy shortages.
Published 24 Jan, 2017 06:54am
Gearing up for CPEC
Miscellaneous

Gearing up for CPEC

The Planning Commissions silence over CPECs transparency issue is growing, even as critique by public economists and businesses mounts by the day, and mushrooming anecdotal evidence suggests that a strategic fog is filling up the space.
Published 24 Jan, 2017 06:53am
China orders more than 100 golf courses shut

China orders more than 100 golf courses shut

China has ordered the closure of a sixth of the country's golf courses since 2011, its top economic planner said, in an ongoing crackdown on a sport controversial for its links with wealthy elites.
Published 24 Jan, 2017 12:00am
New Zealand sweep Bangladesh series

New Zealand sweep Bangladesh series

A Bangladesh batting implosion saw New Zealand cruise to a comfortable nine wicket win in the second Test at Hagley Oval in Christchurch on Monday.
Published 24 Jan, 2017 12:00am
Injured Mathews to fly home

Injured Mathews to fly home

Sri Lankan skipper Angelo Mathews is to fly home from South Africa after twisting his ankle during the second Twenty20 international and will be replaced as captain by Dinesh Chandimal, selectors said Monday.
Published 24 Jan, 2017 12:00am
Former world swimming champion Payne retires

Former world swimming champion Payne retires

Britain's former world open-water swimming champion Keri-anne Payne announced her retirement on Monday. Payne, 29, won world titles in 2009 and 2011 and also took the silver medal when the 10-kilometre open-water event made its Olympic debut in Beijing in
Published 24 Jan, 2017 12:00am
Warner wins Allan Border medal for second year

Warner wins Allan Border medal for second year

Australia's prolific opening batsman David Warner fought off a strong challenge from his captain Steve Smith to become just the fourth player to win back-to-back Allan Border Medals on Monday. Only Ricky Ponting, Shane Watson and Michael Clarke have previ
Published 24 Jan, 2017 12:00am
Disappointing exit for Nations Cup hosts Gabon

Disappointing exit for Nations Cup hosts Gabon

Hosts Gabon made a disappointing exit from the African Nations Cup on Sunday, foiled by the woodwork in the final minute as they missed out on the win over Cameroon which would have allowed them to grab a dramatic place in the quarter-finals.
Published 24 Jan, 2017 12:00am
Kenya appoint controversial Odumbe as batting coach

Kenya appoint controversial Odumbe as batting coach

Kenya have appointed former captain Maurice Odumbe - who was banned for five years - as their batting coach ahead of the crucial ICC World Cup league qualifier against Nepal.
Published 24 Jan, 2017 12:00am
Aussie, kiwi up
Currency

Aussie, kiwi up

The Australian dollar stayed near a 2-1/2-month peak on Monday while the US dollar was on the back foot after US President Donald Trump offered no detail on his plans to stimulate economic growth. The Australian dollar stood at $0.7572, within kissing dis
Published 24 Jan, 2017 12:00am
Pound eyes $1.25
Currency

Pound eyes $1.25

Investors have largely priced in the British government losing its Supreme Court appeal on whether it can trigger Brexit talks without parliamentary approval, but traders - both human and computer models - will scour the ruling for clues on whether region
Published 24 Jan, 2017 12:00am
Latam currencies firm

Latam currencies firm

Latin American currencies strengthened on Monday as traders sought further clarity on US President Donald Trump's protectionist pledges. The Mexican peso strengthened as much as 1.5 percent to a two-week high before paring back gains to around 0.6 percent
Published 24 Jan, 2017 12:00am
Asian currencies rise

Asian currencies rise

Asian currencies rose on Monday as the dollar fell after US President Donald Trump's inauguration speech disappointed some investors who were looking for more details on his plans for fiscal stimulus.
Published 24 Jan, 2017 12:00am
Sri Lankan rupee eases
Currency

Sri Lankan rupee eases

The Sri Lankan rupee ended weaker on Monday as importer dollar demand surpassed greenback sales by exporters, dealers said. Rupee forwards were active, with two-week forwards ending at 150.90/151.10 per dollar, compared with Friday's close of 150.85/151.0
Published 24 Jan, 2017 12:00am
Dollar drops in Asia
Currency

Dollar drops in Asia

The dollar skidded in Asian trade on Monday, with the euro hitting its highest levels in more than a month as investors locked in gains on the greenback's recent rise as they waited for US President Donald Trump to offer details of his promised stimulus.
Published 24 Jan, 2017 12:00am
Yuan strengthens
Currency

Yuan strengthens

China's yuan strengthened on Monday morning as the dollar slipped, while rates in the inter-bank market fell back but remained elevated after the central bank's move last week to ease tight liquidity.
Published 24 Jan, 2017 12:00am
European shares tumble

European shares tumble

European shares fell on Monday, weighed down by banks, oil stocks and a fall in Fingerprint Cards after the firm's former CEO and a board member were arrested. The pan-European STOXX 600 .STOXX index fell 0.4 percent, extending last week's drop to its low
Published 24 Jan, 2017 12:00am
Australian shares down, New Zealand up
Currency

Australian shares down, New Zealand up

Australian shares ended at a one-month low on Monday, with industrials the biggest drag on the benchmark after Brambles Ltd cut its annual profit forecast. The S&P/ASX 200 index ended down 0.8 percent, or 43.75 points, at 5,611.0. The benchmark closed 0.7
Published 24 Jan, 2017 12:00am
Taiwan stocks higher

Taiwan stocks higher

Taiwan stocks rose on Monday trying to stay above the key 9,400 level hit earlier this month ahead of a long holiday break. The local stock market will be shut at the end of trade Tuesday for the Lunar New Year holidays. It will reopen on February 2.
Published 24 Jan, 2017 12:00am
Shanghai stocks at two-week high

Shanghai stocks at two-week high

China's main share index ended at a two-week high on Monday, but pared some of its earlier gains in thin turnover as investors were reluctant to stake out fresh positions ahead of the country's biggest holiday.
Published 24 Jan, 2017 12:00am
Indian shares soar

Indian shares soar

Indian shares ended higher on Monday as bargain-hunting lifted recently hit stocks, though sentiment remained cautious ahead of the federal budget next week. The broader NSE index ended up 0.50 percent at 8,391.50, while the benchmark BSE index closed 0.3
Published 24 Jan, 2017 12:00am
Italian yields up, but Trump keeps bonds in demand

Italian yields up, but Trump keeps bonds in demand

Italian government bond yields hit a six-week high on Monday, the eve of a Constitutional Court review of a disputed election law that that could affect the timing of the next election.
Published 24 Jan, 2017 12:00am
Italian yields up, but Trump keeps bonds in demand

Italian yields up, but Trump keeps bonds in demand

Italian government bond yields hit a six-week high on Monday, the eve of a Constitutional Court review of a disputed election law that that could affect the timing of the next election.
Published 24 Jan, 2017 12:00am
SE Asian markets sluggish

SE Asian markets sluggish

Southeast Asian stock markets, barring Thailand and Vietnam, were tepid on Friday, as uncertainty over US President-elect Donald Trump's political and economic stance made investors step back from risky assets ahead of his swearing-in ceremony. Early opti
Published 24 Jan, 2017 12:00am
Hong Kong stocks up
Currency

Hong Kong stocks up

Hong Kong stocks closed marginally higher on Monday, thanks to support from a solid resource sector. Both the benchmark Hang Seng index and the Hong Kong China Enterprises Index were up 0.1 percent at the close, to 22,898.52 points and 9,726.82 points res
Published 24 Jan, 2017 12:00am
Tokyo stocks fall after Trump speech

Tokyo stocks fall after Trump speech

Tokyo shares fell Monday with exporters hit by a stronger yen after Donald Trump kicked off his presidency saying he would put American business first, while Takata plunged on fears of a lengthy bankruptcy restructuring. After being sworn in as the 45th p
Published 24 Jan, 2017 12:00am
Saudi index shines in Gulf, Kuwait bull-run slows

Saudi index shines in Gulf, Kuwait bull-run slows

Saudi Arabia outperformed other Gulf stock markets on Monday as several major stocks bounced after poor earnings earlier this week, while a bull run in Kuwait slowed and Egypt rebounded sharply from a slide triggered by tax fears.
Published 24 Jan, 2017 12:00am
Delivery of Japan passenger jet pushed back by 2 years

Delivery of Japan passenger jet pushed back by 2 years

Mitsubishi Heavy Industries said Monday it would postpone delivery of its long-awaited regional jet by two years, and warned over soaring development costs for the problem-plagued plane.
Published 24 Jan, 2017 12:00am
Hedge funder jailed in China insider trading case

Hedge funder jailed in China insider trading case

China has sentenced a former star hedge-fund manager to more than five years in prison for market manipulation, a court said, after an investigation following a stock market slump in 2015.
Published 24 Jan, 2017 12:00am
Japanese banks agree to not call in some Toshiba loans early for now

Japanese banks agree to not call in some Toshiba loans early for now

Main Japanese lenders of Toshiba Corp have agreed to not call in some of their loans early for now even as recent downgrades of the troubled firm's credit ratings violate some provisions in debt agreements, two people with direct knowledge of the matter s
Published 24 Jan, 2017 12:00am
Xiaomi's Barra quits China for Silicon Valley

Xiaomi's Barra quits China for Silicon Valley

Hugo Barra, who caused a sensation in 2013 by leaving Google to become a vice president of Chinese smartphone maker Xiaomi, announced Monday he was returning to the United States for health reasons.
Published 24 Jan, 2017 12:00am
Angry farmers spray EU HQ with milk powder

Angry farmers spray EU HQ with milk powder

European dairy farmers protesting against falling prices sprayed tonnes of milk powder over the EU's headquarters on Monday as agriculture ministers held talks there.
Published 24 Jan, 2017 12:00am
China's online population reaches 731 million

China's online population reaches 731 million

The number of internet users in China - already the world's highest - reached 731 million in December, authorities said, as e-commerce drives consumer demand across the Asian giant. Total internet users rose 6.2 percent from the end of December 2015 and e
Published 24 Jan, 2017 12:00am
Halliburton posts profit in North America

Halliburton posts profit in North America

Halliburton Co, the world's No. 2 oilfield services provider, reported its first quarterly operating profit in North America in a year as oil producers put more rigs back to work in North American shale fields.
Published 24 Jan, 2017 12:00am
Halliburton posts profit in North America

Halliburton posts profit in North America

Halliburton Co, the world's No. 2 oilfield services provider, reported its first quarterly operating profit in North America in a year as oil producers put more rigs back to work in North American shale fields.
Published 24 Jan, 2017 12:00am
Samsung blames Galaxy Note 7 fires on faulty batteries

Samsung blames Galaxy Note 7 fires on faulty batteries

The world's biggest smartphone maker Samsung blamed faulty batteries on Monday for the fires that hit its flagship Galaxy Note 7 device last year, as it sought to draw a line under the humiliating recall.
Published 24 Jan, 2017 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose early on Monday in New York trade, touching its highest in two months as unease over the economic policies of US President Donald Trump pushed investors towards safer assets while the dollar and US bond yields fell. Trump at his inauguration pro
Published 24 Jan, 2017 12:00am
Frost damage to crops relatively low in Europe so far

Frost damage to crops relatively low in Europe so far

Frost damage to crops is relatively low in Europe despite a cold spell which hit the continent earlier this month, although some parts of the south-eastern part of the EU and Scandinavia could suffer some damage, the EU's crop monitoring unit, MARS, said
Published 24 Jan, 2017 12:00am
Gold touches two-month high in Europe

Gold touches two-month high in Europe

Gold rose on Monday, touching its highest in two months as unease over the economic policies of US President Donald Trump pushed investors towards safer assets while the dollar and US bond yields fell.
Published 24 Jan, 2017 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices rose on Monday to their highest in two months as investors sought safer assets amid uncertainty around the economic policies of new US President Donald Trump and as the dollar declined against other major currencies.
Published 24 Jan, 2017 12:00am
Robusta coffee consolidates after climb, arabica advances

Robusta coffee consolidates after climb, arabica advances

Robusta coffee futures on ICE were slightly lower on Monday, with selling by producers in Vietnam helping to stall the market's strong advance. March robusta coffee was down $9, or 0.4 percent, at $2,252 a tonne by 1436 GMT. The second position had risen
Published 24 Jan, 2017 12:00am
Palm oil charts fourth straight session of declines
Currency

Palm oil charts fourth straight session of declines

Malaysian palm oil futures fell for a fourth consecutive session on Monday, weighed down by a stronger ringgit, palm's currency of trade. A stronger ringgit usually makes palm oil more expensive for holders of foreign currencies.
Published 24 Jan, 2017 12:00am
Tokyo rubber dips to near two-week low

Tokyo rubber dips to near two-week low

Benchmark Tokyo rubber futures fell to a nearly 2-week low on Monday as supply concerns due to recent floods in Thailand eased, and following a plunge in Shanghai futures. "Shanghai futures apparently took a beating after the estimated impact from Thai fl
Published 24 Jan, 2017 12:00am
Copper climbs on weaker dollar, Trump spending hopes

Copper climbs on weaker dollar, Trump spending hopes

Copper rose on Monday, buoyed by dollar weakness and hopes that US President Donald Trump's incoming administration would make good on a pledge to boost infrastructure spending in the world's largest economy. In his inauguration speech on Friday, Trump sa
Published 24 Jan, 2017 12:00am
Shanghai copper up

Shanghai copper up

The most-traded copper contract on the Shanghai Futures Exchange was up 0.93 percent at 46,850 yuan ($6,840) a tonne on Monday as US President Donald Trump reiterated plans to spend big on infrastructure. ShFE aluminium climbed as much as 3 percent to 13,
Published 24 Jan, 2017 12:00am
Cotton prices gain grounds on modest activity
Currency

Cotton prices gain grounds on modest activity

Cotton prices posted fresh gains on the local market on Monday in the process of improved business activity but with slight pace, dealers said. The official spot rate was higher by Rs 50 to Rs 6500, dealers said. In Sindh, seed cotton prices were up at Rs
Published 24 Jan, 2017 12:00am
South Korea buys wheat from US and Australia

South Korea buys wheat from US and Australia

A consortium of South Korean flour mills has purchased about 100,000 tonnes of milling wheat to be sourced from the United States and around 87,500 tonnes from Australia, European traders said on Friday.
Published 24 Jan, 2017 12:00am
US FOB Gulf corn, soyabean offers steady

US FOB Gulf corn, soyabean offers steady

Export premiums for corn and soyabeans shipped from the US Gulf Coast were mostly steady on Friday, underpinned by tight nearby loading capacity and moderate demand, traders said.
Published 24 Jan, 2017 12:00am
China imports more coal from North Korea

China imports more coal from North Korea

China unexpectedly boosted imports of coal from North Korea in December, even after Beijing slapped a temporary ban on shipments from its northern neighbour ahead of fresh UN sanctions that came into effect at the start of this month.
Published 24 Jan, 2017 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Cash basis bids for hard red winter wheat (HRW) around the southern US Plains on Friday were steady, with farmers eyeing futures moves within an extremely narrow trading range, merchants said.
Published 24 Jan, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 163,612 tonnes of cargo comprising 123,345 tonnes of import cargo and 40,267 tonnes of export cargo including 7,563 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday.
Published 24 Jan, 2017 12:00am
EU wheat futures rise, rapeseed hits new highs

EU wheat futures rise, rapeseed hits new highs

Benchmark European wheat futures edged higher on Friday in line with Chicago, underpinned by higher Russian prices in a tender from Egypt, while rapeseed extended a rally to new contract highs amid short-covering on the front month.
Published 24 Jan, 2017 12:00am
CBOT wheat futures higher on technical buying

CBOT wheat futures higher on technical buying

Wheat futures on the Chicago Board of Trade closed higher on Friday on mostly technical buying as corn futures advanced and the US dollar eased, traders said.
Published 24 Jan, 2017 12:00am
PMEX daily trading report

PMEX daily trading report

On Friday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,115. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 5.30 billion and the number of lots traded was 11,744.
Published 24 Jan, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 24 Jan, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 24 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 24 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 24 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 Monday (January 23, 2017).

Published 24 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 Monday (January 23, 2017).

Published 24 Jan, 2017 12:00am
Residents evacuated after blast in London flats

Residents evacuated after blast in London flats

An explosion was reported in a block of flats in east London after which residents were evacuated, Aaj News reported late Monday night. Quoting British media sources, Aaj News further reported that specialist firefighters along with a London Ambulance Haz
Published 24 Jan, 2017 12:00am
Residents evacuated after blast in London flats

Residents evacuated after blast in London flats

An explosion was reported in a block of flats in east London after which residents were evacuated, Aaj News reported late Monday night. Quoting British media sources, Aaj News further reported that specialist firefighters along with a London Ambulance Haz
Published 24 Jan, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (January 23, 2017).
Published 24 Jan, 2017 12:00am
Trump pulls US out of Pacific trade deal, loosening Asia ties

Trump pulls US out of Pacific trade deal, loosening Asia ties

US President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies as China's influence in the region rises. Fulfilling a campaign pledge to end American involvem
Published 24 Jan, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (January 23, 2017).

Published 24 Jan, 2017 12:00am
Trump pulls US out of Pacific trade deal, loosening Asia ties

Trump pulls US out of Pacific trade deal, loosening Asia ties

US President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies as China's influence in the region rises. Fulfilling a campaign pledge to end American involvem
Published 24 Jan, 2017 12:00am
Trump pulls US out of Pacific trade deal, loosening Asia ties

Trump pulls US out of Pacific trade deal, loosening Asia ties

US President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies as China''s influence in the region rises. Fulfilling a campaign pledge to end American involve
Published 24 Jan, 2017 12:00am
Trump sued over foreign government payments to his firms

Trump sued over foreign government payments to his firms

A group of prominent constitutional and ethics lawyers sued US President Donald Trump on Monday, accusing him of violating the US Constitution by allowing his hotels and other businesses to accept payments from foreign governments. The lawsuit filed in Ma
Published 24 Jan, 2017 12:00am
Trump sued over foreign government payments to his firms

Trump sued over foreign government payments to his firms

A group of prominent constitutional and ethics lawyers sued US President Donald Trump on Monday, accusing him of violating the US Constitution by allowing his hotels and other businesses to accept payments from foreign governments. The lawsuit filed in Ma
Published 24 Jan, 2017 12:00am
Textile units registered with MoTI given GST exemption
Cotton

Textile units registered with MoTI given GST exemption

The Federal Board of Revenue (FBR) has exempted sales tax on the import of machinery (not manufactured locally) by textile units registered with the Ministry of Textile Industry from January 16, 2017 till June 30, 2018. In this connection, the FBR has ame
Published 24 Jan, 2017 12:00am
Textile units registered with MoTI given GST exemption
Cotton

Textile units registered with MoTI given GST exemption

The Federal Board of Revenue (FBR) has exempted sales tax on the import of machinery (not manufactured locally) by textile units registered with the Ministry of Textile Industry from January 16, 2017 till June 30, 2018. In this connection, the FBR has ame
Published 24 Jan, 2017 12:00am
Textile units registered with MoTI given GST exemption
Cotton

Textile units registered with MoTI given GST exemption

The Federal Board of Revenue (FBR) has exempted sales tax on the import of machinery (not manufactured locally) by textile units registered with the Ministry of Textile Industry from January 16, 2017 till June 30, 2018. In this connection, the FBR has ame
Published 24 Jan, 2017 12:00am
Textile units registered with MoTI given GST exemption
Cotton

Textile units registered with MoTI given GST exemption

The Federal Board of Revenue (FBR) has exempted sales tax on the import of machinery (not manufactured locally) by textile units registered with the Ministry of Textile Industry from January 16, 2017 till June 30, 2018. In this connection, the FBR has ame
Published 24 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (January 23, 2017).

Published 24 Jan, 2017 12:00am
Thirteen items: import duty exempted
Cotton

Thirteen items: import duty exempted

The Federal Board of Revenue (FBR) has exempted customs duty and additional customs duty on the import of 13 items including cotton, artificial staple fibre and other types of cotton during January 17, 2016 and June 30, 2018. In this regard, the FBR has i
Published 24 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (January 23, 2017).

Published 24 Jan, 2017 12:00am
Thirteen items: import duty exempted
Cotton

Thirteen items: import duty exempted

The Federal Board of Revenue (FBR) has exempted customs duty and additional customs duty on the import of 13 items including cotton, artificial staple fibre and other types of cotton during January 17, 2016 and June 30, 2018. In this regard, the FBR has i
Published 24 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (January 23, 2017).

Published 24 Jan, 2017 12:00am
Thirteen items: import duty exempted
Cotton

Thirteen items: import duty exempted

The Federal Board of Revenue (FBR) has exempted customs duty and additional customs duty on the import of 13 items including cotton, artificial staple fibre and other types of cotton during January 17, 2016 and June 30, 2018. In this regard, the FBR has i
Published 24 Jan, 2017 12:00am
Census of industries from January 26

Census of industries from January 26

The Federal Government has decided to conduct a census of industries across the country including economic, environmental and infrastructural aspects, well informed sources in Ministry of Industries and Production (MoI&P) told Business Recorder. Th
Published 24 Jan, 2017 12:00am
Census of industries from January 26

Census of industries from January 26

The Federal Government has decided to conduct a census of industries across the country including economic, environmental and infrastructural aspects, well informed sources in Ministry of Industries and Production (MoI&P) told Business Recorder. Th
Published 24 Jan, 2017 12:00am
Census of industries from January 26

Census of industries from January 26

The Federal Government has decided to conduct a census of industries across the country including economic, environmental and infrastructural aspects, well informed sources in Ministry of Industries and Production (MoI&P) told Business Recorder. Th
Published 24 Jan, 2017 12:00am
Bank transactions: 0.4 percent WHT to be charged up to March 31

Bank transactions: 0.4 percent WHT to be charged up to March 31

The Federal Board of Revenue (FBR) will charge reduced rate of 0.4 percent withholding tax on the bank transactions of non-filers under Section 236p of Income Tax Ordinance up to March 31, 2017. Through an SRO issued here on Monday, the rate of tax withho
Published 24 Jan, 2017 12:00am
Bank transactions: 0.4 percent WHT to be charged up to March 31

Bank transactions: 0.4 percent WHT to be charged up to March 31

The Federal Board of Revenue (FBR) will charge reduced rate of 0.4 percent withholding tax on the bank transactions of non-filers under Section 236p of Income Tax Ordinance up to March 31, 2017. Through an SRO issued here on Monday, the rate of tax withho
Published 24 Jan, 2017 12:00am
Bank transactions: 0.4 percent WHT to be charged up to March 31

Bank transactions: 0.4 percent WHT to be charged up to March 31

The Federal Board of Revenue (FBR) will charge reduced rate of 0.4 percent withholding tax on the bank transactions of non-filers under Section 236p of Income Tax Ordinance up to March 31, 2017. Through an SRO issued here on Monday, the rate of tax withho
Published 24 Jan, 2017 12:00am
Urea export allowed by ECC

Urea export allowed by ECC

The Economic Coordination Committee (ECC) of the Cabinet has allowed the export of 0.3 million tons of urea and decided to continue a Rs 200 subsidy on each bag of urea fertilizer for the remaining six months of the current fiscal year. The subsidy on ure
Published 24 Jan, 2017 12:00am
Urea export allowed by ECC

Urea export allowed by ECC

The Economic Coordination Committee (ECC) of the Cabinet has allowed the export of 0.3 million tons of urea and decided to continue a Rs 200 subsidy on each bag of urea fertilizer for the remaining six months of the current fiscal year. The subsidy on ure
Published 24 Jan, 2017 12:00am
Urea export allowed by ECC

Urea export allowed by ECC

The Economic Coordination Committee (ECC) of the Cabinet has allowed the export of 0.3 million tons of urea and decided to continue a Rs 200 subsidy on each bag of urea fertilizer for the remaining six months of the current fiscal year. The subsidy on ure
Published 24 Jan, 2017 12:00am
DAP import suspended by fertilizer importers

DAP import suspended by fertilizer importers

The fertilizer importers have announced to suspend import of DAP due to non-payment of over Rs 5 billion subsidy by the federal government. Industry sources said that huge outstanding amount of subsidy prevent the DAP importing companies from more import
Published 24 Jan, 2017 12:00am
DAP import suspended by fertilizer importers

DAP import suspended by fertilizer importers

The fertilizer importers have announced to suspend import of DAP due to non-payment of over Rs 5 billion subsidy by the federal government. Industry sources said that huge outstanding amount of subsidy prevent the DAP importing companies from more import
Published 24 Jan, 2017 12:00am
DAP import suspended by fertilizer importers

DAP import suspended by fertilizer importers

The fertilizer importers have announced to suspend import of DAP due to non-payment of over Rs 5 billion subsidy by the federal government. Industry sources said that huge outstanding amount of subsidy prevent the DAP importing companies from more import
Published 24 Jan, 2017 12:00am
PSX 50k within reach

PSX 50k within reach

Pakistan Stock Exchange witnessed another bullish session Monday. The benchmark KSE-100 index closed at highest-ever level of 49,876.18 points with a healthy increase of 511.35 points. The market opened on a positive note and the index hit 49,938.48 point
Published 24 Jan, 2017 12:00am
PSX 50k within reach

PSX 50k within reach

Pakistan Stock Exchange witnessed another bullish session Monday. The benchmark KSE-100 index closed at highest-ever level of 49,876.18 points with a healthy increase of 511.35 points. The market opened on a positive note and the index hit 49,938.48 point
Published 24 Jan, 2017 12:00am
PSX 50k within reach

PSX 50k within reach

Pakistan Stock Exchange witnessed another bullish session Monday. The benchmark KSE-100 index closed at highest-ever level of 49,876.18 points with a healthy increase of 511.35 points. The market opened on a positive note and the index hit 49,938.48 point
Published 24 Jan, 2017 12:00am
BRIndex30 rises 800.5 points

BRIndex30 rises 800.5 points

On Monday, BRIndex30 opened at 27,739.81 points and remained positive throughout the trading session. It touched an intraday high of 28,675.48 points and an intraday low of 27,739.81 points and closed at 28,540.31 points which was 800.5 points or 2.89 per
Published 24 Jan, 2017 12:00am
BRIndex30 rises 800.5 points

BRIndex30 rises 800.5 points

On Monday, BRIndex30 opened at 27,739.81 points and remained positive throughout the trading session. It touched an intraday high of 28,675.48 points and an intraday low of 27,739.81 points and closed at 28,540.31 points which was 800.5 points or 2.89 per
Published 24 Jan, 2017 12:00am
CoAS speaks to soldiers, officers

CoAS speaks to soldiers, officers

Soldiers of the Pakistan Army are the best in the world and army is what its soldiers are, said Chief of Army Staff General Qamar Javed Bajwa on Monday. According to a statement issued by the Inter-Services Public Relations (ISPR), the army chief was addr
Published 24 Jan, 2017 12:00am
CoAS speaks to soldiers, officers

CoAS speaks to soldiers, officers

Soldiers of the Pakistan Army are the best in the world and army is what its soldiers are, said Chief of Army Staff General Qamar Javed Bajwa on Monday. According to a statement issued by the Inter-Services Public Relations (ISPR), the army chief was addr
Published 24 Jan, 2017 12:00am
France FM in Saudi to reaffirm 'partnership'

France FM in Saudi to reaffirm 'partnership'

France's Foreign Minister Jean-Marc Ayrault arrived in Saudi Arabia on Monday to reaffirm the allies' "strategic partnership", as European concerns mount over US President Donald Trump's foreign policies. Ayrault, on his first ministerial visit to the kin
Published 24 Jan, 2017 12:00am