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Archive - 2017-02-05
Le Pen vows 'France first' at campaign launch
Europe

Le Pen vows 'France first' at campaign launch

LYON: Far-right leader Marine Le Pen vowed Sunday she would be a president who puts France first as she formally launched a campaign echoing many of the themes that propelled Donald Trump to the White House.
Published 05 Feb, 2017 04:44pm
Trump under fire for saying he respects 'killer' Putin
World Top News

Trump under fire for saying he respects 'killer' Putin

PALM BEACH: President Donald Trump drew fire from Republicans and Democrats alike Sunday, after he defended a softer stance on Russia, playing down political assassinations and Moscow's invasion of Ukraine.
Published 05 Feb, 2017 04:40pm
Death toll from Afghan avalanches tops 100
World Top News

Death toll from Afghan avalanches tops 100

KABUL: More than a 100 people have been killed in a series of avalanches triggered by days of heavy snowfall around Afghanistan, including 50 in one village, officials said Sunday, warning the death toll could rise still further.
Published 05 Feb, 2017 04:39pm
AJK people express solidarity with their brethren in IoK
Pakistan Top News

AJK people express solidarity with their brethren in IoK

MUZAFFARABAD: Like elsewhere in Pakistan, the Kashmir Solidarity Day was observed in Azad Jammu and Kashmir (AJK) with full enthusiasm and reiteration of the pledge with the people of Indian occupied Kashmir (IoK) that they will never be left alone in the
Published 05 Feb, 2017 04:20pm
Nation reiterates support to Kashmiris in their freedom struggle
Front Top News

Nation reiterates support to Kashmiris in their freedom struggle

HYDERABAD: In the Kashmir day rallies, taken out by various political and religious parties here Sunday, the participants reiterated the commitment that Pakistanis would keep supporting their Kashmiri brothers in their struggle for freedom.
Published 05 Feb, 2017 04:13pm
Smog chokes coal-addicted Poland
Europe

Smog chokes coal-addicted Poland

WARSAW: The soupy grey smog shrouding Polish cities this winter is one of the most visible symptoms of the EU member's addiction to coal, a deadly habit forcing many to stay indoors or don masks before venturing out.
Published 05 Feb, 2017 12:28pm
At least 2,000 march on Trump's Florida resort
Pakistan Top News

At least 2,000 march on Trump's Florida resort

WEST PALM BEACH: At least 2,000 people marched Saturday near President Donald Trump's Florida golf club, voicing outrage at his executive order to bar refugees and travelers from seven Muslim-majority countries.
Published 05 Feb, 2017 12:26pm
US appeals court ruling blocking Trump immigration ban
Front Top News

US appeals court ruling blocking Trump immigration ban

PALM BEACH: The US Justice Department on Saturday appealed a temporary block of Donald Trump's travel ban on citizens from seven mainly Muslim countries, after the president unleashed a fiery tirade and those with valid visas started arriving on Ameri
Published 05 Feb, 2017 12:15pm
Battle over Trump's immigration order: what we know
North America

Battle over Trump's immigration order: what we know

WASHINGTON: A move by President Donald Trump's administration to appeal a federal court suspension of its immigration ban on refugees and citizens from seven Muslim-majority nations is the latest twist in what could be a long legal battle with high st
Published 05 Feb, 2017 12:12pm
Trump to visit Italy in May
Front Top News

Trump to visit Italy in May

PALM BEACH: Donald Trump will attend a G7 summit in Italy this May, the White House said Saturday, in what could be his first visit to the continent as US president.
Published 05 Feb, 2017 12:08pm
Golf: USPGA Tour Phoenix Open scores
Sports

Golf: USPGA Tour Phoenix Open scores

LOS ANGELES: Leading third-round scores on Saturday from the USPGA Tour Phoenix Open at par-71 TPC Scottsdale in Arizona (USA unless noted):%D97 - An Byeong-Hun (KOR) 66-66-65%D98 - Martin Laird (SCO) 67-66-65%D01 - John Peterson 66-72-63, Graham DeLaet (
Published 05 Feb, 2017 12:06pm
US court rejects bid to reinstate Trump travel ban
World Top News

US court rejects bid to reinstate Trump travel ban

LOS ANGELES: A US federal appeals court early Sunday rejected a request by the Department of Justice to immediately reinstate President Donald Trump's travel ban.
Published 05 Feb, 2017 10:52am
France's Le Pen rallies supporters for presidential launch
Front Top News

France's Le Pen rallies supporters for presidential launch

LYON: French far-right leader Marine Le Pen holds a major rally to launch her presidential programme on Sunday featuring many of the themes that propelled Donald Trump to the White House.
Published 05 Feb, 2017 09:28am
Trump administration appeals order blocking travel ban
World Top News

Trump administration appeals order blocking travel ban

PALM BEACH: The US Justice Department on Saturday appealed a temporary block of Donald Trump's travel ban on citizens from seven mainly Muslim countries, after the president unleashed a fiery tirade and those with valid visas started arriving on Ameri
Published 05 Feb, 2017 09:23am
Thousands protest in US, Europe over Trump travel ban
Europe

Thousands protest in US, Europe over Trump travel ban

NEW YORK: From London and Paris to New York and Washington, thousands of people took to the streets Saturday in American and European cities to protest US President Donald Trump's travel ban amid a fierce legal battle over the order.
Published 05 Feb, 2017 09:22am
Rookie Thompson's double in Australia's win
Sports

Rookie Thompson's double in Australia's win

MELBOURNE: Young rookie Jordan Thompson claimed a winning double as Australia completed a 4-1 Davis Cup World Group victory over the Czech Republic in Melbourne Sunday.
Published 05 Feb, 2017 09:20am
Nine killed in Chitral avalanche: officials
Front Top News

Nine killed in Chitral avalanche: officials

PESHAWAR: At least nine people were killed and three trapped when a giant avalanche of snow crashed into a village in northern Pakistan on Sunday, officials said.
Published 05 Feb, 2017 08:12am
PM urges India to allow free, fair plebiscite in IoK
Pakistan Top News

PM urges India to allow free, fair plebiscite in IoK

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif has urged India to stop bloodbath in the Occupied Jammu and Kashmir and allow holding of free and fair plebiscite under the auspices of United Nations.
Published 05 Feb, 2017 06:12am
Resolution of Kashmir issue, must for regional peace: President
Front Top News

Resolution of Kashmir issue, must for regional peace: President

ISLAMABAD: President Mamnoon Hussain has said the dream for peace in the region would remain elusive until resolution of Jammu and Kashmir dispute in accordance with the aspirations of people of Indian Occupied Jammu and Kashmir (IoK).
Published 05 Feb, 2017 06:11am
Dar reviews progress on LNG power plants

Dar reviews progress on LNG power plants

The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting here at the Finance Division to review the progress on the LNG Power Plants. Federal Minister for Water and Power Khwaja M. Asif was also present during the meeting. Secretary W
Published 05 Feb, 2017 12:00am
Electricity import from Iran enhanced to 104MW

Electricity import from Iran enhanced to 104MW

Currently Pakistan is importing 74MW electricity from Iran while the existing capacity has been enhanced to 104MW and Quetta Electric Supply Company will start receiving additional power soon. According to the documents, the details of the interconnection
Published 05 Feb, 2017 12:00am
Electricity import from Iran enhanced to 104MW

Electricity import from Iran enhanced to 104MW

Currently Pakistan is importing 74MW electricity from Iran while the existing capacity has been enhanced to 104MW and Quetta Electric Supply Company will start receiving additional power soon. According to the documents, the details of the interconnection
Published 05 Feb, 2017 12:00am
Electricity import from Iran enhanced to 104MW

Electricity import from Iran enhanced to 104MW

Currently Pakistan is importing 74MW electricity from Iran while the existing capacity has been enhanced to 104MW and Quetta Electric Supply Company will start receiving additional power soon. According to the documents, the details of the interconnection
Published 05 Feb, 2017 12:00am
Nepra rejects adjustment claims of CPPA-G

Nepra rejects adjustment claims of CPPA-G

National Electric Power Regulatory Authority (Nepra) has rejected adjustment claims of Nandipur Power Plant and Guddu Thermal Power Plant submitted by the Central Power Purchasing Agency -Guaranteed (CPPA-G). According to official documents, the Authority
Published 05 Feb, 2017 12:00am
Nepra rejects adjustment claims of CPPA-G

Nepra rejects adjustment claims of CPPA-G

National Electric Power Regulatory Authority (Nepra) has rejected adjustment claims of Nandipur Power Plant and Guddu Thermal Power Plant submitted by the Central Power Purchasing Agency -Guaranteed (CPPA-G). According to official documents, the Authority
Published 05 Feb, 2017 12:00am
Nepra rejects adjustment claims of CPPA-G

Nepra rejects adjustment claims of CPPA-G

National Electric Power Regulatory Authority (Nepra) has rejected adjustment claims of Nandipur Power Plant and Guddu Thermal Power Plant submitted by the Central Power Purchasing Agency -Guaranteed (CPPA-G). According to official documents, the Authority
Published 05 Feb, 2017 12:00am
US suspends travel ban after judge stayed order

US suspends travel ban after judge stayed order

US authorities on Saturday suspended President Donald Trump's controversial ban on travellers from seven Muslim countries, following a court ruling that blocked its enforcement. "We have reversed the provisional revocation of visas," a US State Department
Published 05 Feb, 2017 12:00am
US suspends travel ban after judge stayed order

US suspends travel ban after judge stayed order

US authorities on Saturday suspended President Donald Trump's controversial ban on travellers from seven Muslim countries, following a court ruling that blocked its enforcement. "We have reversed the provisional revocation of visas," a US State Department
Published 05 Feb, 2017 12:00am
Trump dismisses 'ridiculous' court ruling

Trump dismisses 'ridiculous' court ruling

US President Donald Trump lashed out Saturday at a court ruling suspending his controversial ban on travellers from seven Muslim countries, dismissing it as "ridiculous" and vowing to get it overturned. The order blocking the ban, issued late Friday by Se
Published 05 Feb, 2017 12:00am
Trump dismisses 'ridiculous' court ruling

Trump dismisses 'ridiculous' court ruling

US President Donald Trump lashed out Saturday at a court ruling suspending his controversial ban on travellers from seven Muslim countries, dismissing it as "ridiculous" and vowing to get it overturned. The order blocking the ban, issued late Friday by Se
Published 05 Feb, 2017 12:00am
Kashmir Solidarity Day today

Kashmir Solidarity Day today

The Kashmir Solidarity Day is being marked all over the country and in Azad Kashmir on Sunday (today) to re-affirm Pakistan's moral, diplomatic and political support to Kashmiris as well as seeking a resolution of Kashmir dispute according to UN resolutio
Published 05 Feb, 2017 12:00am
Kashmir Solidarity Day today

Kashmir Solidarity Day today

The Kashmir Solidarity Day is being marked all over the country and in Azad Kashmir on Sunday (today) to re-affirm Pakistan's moral, diplomatic and political support to Kashmiris as well as seeking a resolution of Kashmir dispute according to UN resolutio
Published 05 Feb, 2017 12:00am
Two suspected militants killed in IHK

Two suspected militants killed in IHK

Two suspected militants were killed on Saturday in Indian-held Kashmir in a firefight that broke out when the government forces intercepted a vehicle they were travelling in, police said. Superintendent of police, Imtiyaz Hussain, said they had informatio
Published 05 Feb, 2017 12:00am
Two suspected militants killed in IHK

Two suspected militants killed in IHK

Two suspected militants were killed on Saturday in Indian-held Kashmir in a firefight that broke out when the government forces intercepted a vehicle they were travelling in, police said. Superintendent of police, Imtiyaz Hussain, said they had informatio
Published 05 Feb, 2017 12:00am
Five Indian states go to the polls in test for Modi's cash ban
Currency

Five Indian states go to the polls in test for Modi's cash ban

Millions of Indians began voting Saturday in regional elections seen as the first major test of Prime Minister Narendra Modi's party after his controversial move to ban all high-value notes last year. Five Indian states will elect new governments over the
Published 05 Feb, 2017 12:00am
Five Indian states go to the polls in test for Modi's cash ban
Currency

Five Indian states go to the polls in test for Modi's cash ban

Millions of Indians began voting Saturday in regional elections seen as the first major test of Prime Minister Narendra Modi's party after his controversial move to ban all high-value notes last year. Five Indian states will elect new governments over the
Published 05 Feb, 2017 12:00am
Passengers get airline ok

Passengers get airline ok

Several airlines on Saturday gave the green light to passengers wanting to fly to the United States who come from countries hit by President Donald Trump's travel ban after a US court suspended his order. Seattle US District Judge James Robart on Friday b
Published 05 Feb, 2017 12:00am
Passengers get airline ok

Passengers get airline ok

Several airlines on Saturday gave the green light to passengers wanting to fly to the United States who come from countries hit by President Donald Trump's travel ban after a US court suspended his order. Seattle US District Judge James Robart on Friday b
Published 05 Feb, 2017 12:00am
Defiant Iran in missile exercise day after US sanctions

Defiant Iran in missile exercise day after US sanctions

Iran is to deploy missiles for a Revolutionary Guards exercise Saturday in a show of defiance a day after the United States imposed sanctions over a ballistic missile test launch last weekend. Relations between Washington and Tehran have deteriorated shar
Published 05 Feb, 2017 12:00am
Defiant Iran in missile exercise day after US sanctions

Defiant Iran in missile exercise day after US sanctions

Iran is to deploy missiles for a Revolutionary Guards exercise Saturday in a show of defiance a day after the United States imposed sanctions over a ballistic missile test launch last weekend. Relations between Washington and Tehran have deteriorated shar
Published 05 Feb, 2017 12:00am
Sudan vows to boost ties with US despite Trump ban

Sudan vows to boost ties with US despite Trump ban

Sudan on Saturday vowed to enhance its bilateral relations with Washington despite US President Donald Trump banning the African country's citizens from entering the United States. Citizens of Sudan, along with those from six other Muslim-majority countri
Published 05 Feb, 2017 12:00am
Sudan vows to boost ties with US despite Trump ban

Sudan vows to boost ties with US despite Trump ban

Sudan on Saturday vowed to enhance its bilateral relations with Washington despite US President Donald Trump banning the African country's citizens from entering the United States. Citizens of Sudan, along with those from six other Muslim-majority countri
Published 05 Feb, 2017 12:00am
China accuses US of violating WTO rules
Currency

China accuses US of violating WTO rules

Beijing accused Washington of "protectionism" and violating global trade rules on Saturday, Chinese media reported, after the United States imposed hefty tariffs on certain Chinese steel imports. The US Department of Commerce on Thursday imposed duties ra
Published 05 Feb, 2017 12:00am
China accuses US of violating WTO rules
Currency

China accuses US of violating WTO rules

Beijing accused Washington of "protectionism" and violating global trade rules on Saturday, Chinese media reported, after the United States imposed hefty tariffs on certain Chinese steel imports. The US Department of Commerce on Thursday imposed duties ra
Published 05 Feb, 2017 12:00am
China accuses US of violating WTO rules
Currency

China accuses US of violating WTO rules

Beijing accused Washington of "protectionism" and violating global trade rules on Saturday, Chinese media reported, after the United States imposed hefty tariffs on certain Chinese steel imports. The US Department of Commerce on Thursday imposed duties ra
Published 05 Feb, 2017 12:00am
Iran extends oil tender deadline, urges BP to bid

Iran extends oil tender deadline, urges BP to bid

Iran has extended a deadline for bids on oil and gas projects, urging Britain's BP to join major international companies that have already applied, local media reported Saturday. The bidding round for exploration and production licences comes as it seeks
Published 05 Feb, 2017 12:00am
Iran extends oil tender deadline, urges BP to bid

Iran extends oil tender deadline, urges BP to bid

Iran has extended a deadline for bids on oil and gas projects, urging Britain's BP to join major international companies that have already applied, local media reported Saturday. The bidding round for exploration and production licences comes as it seeks
Published 05 Feb, 2017 12:00am
Iran extends oil tender deadline, urges BP to bid

Iran extends oil tender deadline, urges BP to bid

Iran has extended a deadline for bids on oil and gas projects, urging Britain''s BP to join major international companies that have already applied, local media reported Saturday. The bidding round for exploration and production licences comes as it seeks
Published 05 Feb, 2017 12:00am
Vessel from Oman too big for Cyprus navy

Vessel from Oman too big for Cyprus navy

A patrol boat gifted to Cyprus by Oman is expected to arrive next week but the island doesn't have a naval base big enough to accommodate the 61-metre vessel, a report said Friday.
Published 05 Feb, 2017 12:00am
46 billion electronic 'red envelopes' sent over Chinese New Year

46 billion electronic 'red envelopes' sent over Chinese New Year

Chinese exchanged billions of electronic "red envelopes" over the Lunar New Year holiday, state media said Saturday, as more people turned to modern technology to perform the ancient tradition of handing out cash. For centuries parents, relatives and empl
Published 05 Feb, 2017 12:00am
Noted writer Bano Qudsia dies

Noted writer Bano Qudsia dies

Eminent Urdu and Punjabi writer Bano Qudsia passed away in a hospital on Saturday after protracted illness. She was 88. She was under treatment over the past 10 days. She was born in 1928 in Ferozpur, Indian Punjab, and migrated to Pakistan after the part
Published 05 Feb, 2017 12:00am
Noted writer Bano Qudsia dies

Noted writer Bano Qudsia dies

Eminent Urdu and Punjabi writer Bano Qudsia passed away in a hospital on Saturday after protracted illness. She was 88. She was under treatment over the past 10 days. She was born in 1928 in Ferozpur, Indian Punjab, and migrated to Pakistan after the part
Published 05 Feb, 2017 12:00am
Le Pen kicks off campaign, promises French 'freedom'
Currency

Le Pen kicks off campaign, promises French 'freedom'

France's far-right party leader Marine Le Pen kicked off her presidential campaign on Saturday, hoping promises to shield voters from globalisation boost her chances at a time of French political turmoil. Opinion polls see the 48-year old daughter of Nati
Published 05 Feb, 2017 12:00am
Le Pen kicks off campaign, promises French 'freedom'
Currency

Le Pen kicks off campaign, promises French 'freedom'

France's far-right party leader Marine Le Pen kicked off her presidential campaign on Saturday, hoping promises to shield voters from globalisation boost her chances at a time of French political turmoil. Opinion polls see the 48-year old daughter of Nati
Published 05 Feb, 2017 12:00am
Injustice causes confusion, foments despair: CJP

Injustice causes confusion, foments despair: CJP

Chief Justice of Pakistan Saqib Nisar on Saturday said that injustice creates confusion in the society and justice and human being were interlinked. Addressing Punjab Judicial Academy in Lahore, CJP said all judges have the power to provide justice and ju
Published 05 Feb, 2017 12:00am
Injustice causes confusion, foments despair: CJP

Injustice causes confusion, foments despair: CJP

Chief Justice of Pakistan Saqib Nisar on Saturday said that injustice creates confusion in the society and justice and human being were interlinked. Addressing Punjab Judicial Academy in Lahore, CJP said all judges have the power to provide justice and ju
Published 05 Feb, 2017 12:00am
CCP initiates proceedings against online shopping platform

CCP initiates proceedings against online shopping platform

While declaring 'Return Policy' as most crucial aspects of online buying, the Competition Commission of Pakistan (CCP) has initiated proceedings against a renowned platform for online shopping in Pakistan for alleged involvement in deceptive marketing pra
Published 05 Feb, 2017 12:00am
CCP initiates proceedings against online shopping platform

CCP initiates proceedings against online shopping platform

While declaring 'Return Policy' as most crucial aspects of online buying, the Competition Commission of Pakistan (CCP) has initiated proceedings against a renowned platform for online shopping in Pakistan for alleged involvement in deceptive marketing pra
Published 05 Feb, 2017 12:00am
CCP initiates proceedings against online shopping platform

CCP initiates proceedings against online shopping platform

While declaring ''Return Policy'' as most crucial aspects of online buying, the Competition Commission of Pakistan (CCP) has initiated proceedings against a renowned platform for online shopping in Pakistan for alleged involvement in deceptive marketing p
Published 05 Feb, 2017 12:00am
Over 20 killed by avalanches, cold in Afghanistan

Over 20 killed by avalanches, cold in Afghanistan

Avalanches and freezing weather have killed more than 20 people in Afghanistan, officials said Saturday, as rescuers worked to save scores still trapped under the snow. The avalanches, which followed three days of heavy snow, destroyed homes and blocked r
Published 05 Feb, 2017 12:00am
CCP-ministry standoff over telecom policy

CCP-ministry standoff over telecom policy

The Ministry of Information Technology and Telecommunication (MoIT) has reportedly opposed to review Telecom Policy 2015, as was recommended by the Competition Commission of Pakistan (CCP), it is learnt. The CCP had categorically declared that empowering
Published 05 Feb, 2017 12:00am
CCP-ministry standoff over telecom policy

CCP-ministry standoff over telecom policy

The Ministry of Information Technology and Telecommunication (MoIT) has reportedly opposed to review Telecom Policy 2015, as was recommended by the Competition Commission of Pakistan (CCP), it is learnt. The CCP had categorically declared that empowering
Published 05 Feb, 2017 12:00am
CCP-ministry standoff over telecom policy

CCP-ministry standoff over telecom policy

The Ministry of Information Technology and Telecommunication (MoIT) has reportedly opposed to review Telecom Policy 2015, as was recommended by the Competition Commission of Pakistan (CCP), it is learnt. The CCP had categorically declared that empowering
Published 05 Feb, 2017 12:00am
Louvre reopens 24 hours after machete attack

Louvre reopens 24 hours after machete attack

Art lovers returned to the Louvre in Paris on Saturday, 24 hours after soldiers outside the museum shot and seriously wounded a machete-wielding attacker, whose condition stabilised overnight. The incident on Friday thrust security and the terror threat b
Published 05 Feb, 2017 12:00am
Louvre reopens 24 hours after machete attack

Louvre reopens 24 hours after machete attack

Art lovers returned to the Louvre in Paris on Saturday, 24 hours after soldiers outside the museum shot and seriously wounded a machete-wielding attacker, whose condition stabilised overnight. The incident on Friday thrust security and the terror threat b
Published 05 Feb, 2017 12:00am
The Kashmir Resistance Day

The Kashmir Resistance Day

February 3 was observed as the Kashmir Resistance Day in the Indian Occupied Kashmir to protest a Kolkata court's decision awarding death sentence to a 29-year-old Kashmiri teacher, Muzaffar Ahmed Rathor, from IOK's Kulgam district. Terming the sentence m
Published 05 Feb, 2017 12:00am
The case of the 'missing' bloggers

The case of the 'missing' bloggers

Just as mysteriously they had 'disappeared', one by one between January 4 and 7 from different cities in Punjab - one of them a Karachiite on a visit to Islamabad - five social media bloggers have been gradually appearing during the last few days. At firs
Published 05 Feb, 2017 12:00am
Fertilizer industry

Fertilizer industry

Traditionally, Pakistan's fertilizer production capacity is over 6 million tons per year, little over the national demand. Over the past years, this sector has been facing several challenges due to insufficient gas supplies, high gas tariffs and heavy tax
Published 05 Feb, 2017 12:00am
CM's self-employment scheme - a success story

CM's self-employment scheme - a success story

Today, more families of Punjab will join a journey to the prosperity and self-respect, set for them by their loving Chief Minister Shahbaz Sharif in the form of CM's Self-Employment Scheme (CMSES). Just in one year, 1.3 million deprived families of the pr
Published 05 Feb, 2017 12:00am
Transforming Pakistan's real estate industry

Transforming Pakistan's real estate industry

Pakistan is quickly emerging as a preferred business and investment destination in the world. It has successfully overcome a major trade hiatus which plagued the business environment during the last decade. Despite limitation, many of the business sectors
Published 05 Feb, 2017 12:00am
Railways still on deficit track

Railways still on deficit track

This is apropos aBusiness Recorder news item "Railways still on deficit track, NA told" carried by the newspaper on Friday. According to it, the deficit of Pakistan Railways stood at Rs 26.993 billion on June 30, 2016 while expenditure of the organ
Published 05 Feb, 2017 12:00am
Retired PIA employees

Retired PIA employees

I would like to draw the attention of the government authorities towards an injustice the retired employees of Pakistan International Airlines (PIA) have been facing since long.
Published 05 Feb, 2017 12:00am
Zardari reiterates support to Kashmiris

Zardari reiterates support to Kashmiris

Reiterating support to the Kashmiris on the Kashmir Day on Sunday February 5, former President Asif Ali Zardari has said that the mass unrest and uprisings in Kashmir had made it imperative for the UN to take meaningful steps to resolve this issue. "A res
Published 05 Feb, 2017 12:00am
Kashmiris' rights can't be snatched by force: Qadri

Kashmiris' rights can't be snatched by force: Qadri

Pakistan Awami Tehreek Chief Dr Tahirul Qadri has said that the Kashmir issue is not just about someone's ego rather it is about basic human rights of 20 million people whose religious, political, cultural and economic future is at stake. In a telephonic
Published 05 Feb, 2017 12:00am
Jhagra urges people to reaffirm pledge over Kashmir

Jhagra urges people to reaffirm pledge over Kashmir

Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra has appealed the countrymen in general and the people of Khyber Pakhtunkhwa and FATA in particular to re-affirm their commitment of any sacrifice for up-holding the just cause of Kashmir's freedom from the cl
Published 05 Feb, 2017 12:00am
JI calls for solid Kashmir policy

JI calls for solid Kashmir policy

Provincial leader of Jamaat-e-Islami Mushtaq Ahmad Khan has asked the government of Pakistan to frame solid, comprehensive policy and strategy for liberation of Kashmir. Addressing a function held here at Al-Markaz-e-Islami in connection with Kashmir Soli
Published 05 Feb, 2017 12:00am
Rallies held to express solidarity with Kashmiris

Rallies held to express solidarity with Kashmiris

To express solidarity with Kashmiris in their fight for freedom, activists of various political parties, and religious groups in provincial metropolis on Saturday took-out a rally. The rally led by Jamaat-ud-Dawa initiated from Saddar bazzar and moved tow
Published 05 Feb, 2017 12:00am
PPP launches mass-contact campaign across KP

PPP launches mass-contact campaign across KP

Pakistan People's Party (PPP) Khyber Pakhtunkhwa has launched a 'mass-contact' drive across the province. This was stated by PPP provincial president, Engr Hamayun Khan while addressing a worker convention, held at residence of former minister, and PPP le
Published 05 Feb, 2017 12:00am
Tribal youth leaders demand Fata-KP integration

Tribal youth leaders demand Fata-KP integration

Tribal youth leaders have demanded of the government to implement the proposed Fata reforms agenda in its true letter and spirit and called for immediate integration Federally Administered Tribal Areas with Khyber Pakhtunkhwa. Addressing a news conference
Published 05 Feb, 2017 12:00am
LNG import: additional amount of Rs 250 billion to be paid to Qatar

LNG import: additional amount of Rs 250 billion to be paid to Qatar

The Ministry of Petroleum will pay an additional amount of Rs 250 billion to Qatar on import of Liquefied natural gas (LNG). Price for each cargo was agreed at 13.37 per cent of Brent whereas Italy's ENI had offered price of each cargo at 11.62 per cent o
Published 05 Feb, 2017 12:00am
Sharbat Gulla complains of harsh behaviour by Pakistan

Sharbat Gulla complains of harsh behaviour by Pakistan

Sharbat Gulla, 1985 National Geographic cover-famed girl has said in an interview that she did not expect Pakistani government to behave 'so harshly'. In an interview with British Broadcasting Corporation after her return to Afghanistan 35 years later, sh
Published 05 Feb, 2017 12:00am
ILO to work closely with EFP

ILO to work closely with EFP

"ILO appreciates the determined resolve of the new Board of Employers' Federation of Pakistan (EFP) to increase its activities to a higher dimension and to lead from the front in advocating better industrial relations and create a harmonious relationship
Published 05 Feb, 2017 12:00am
Forestry resources to be revived under 'Green Pakistan Programme'

Forestry resources to be revived under 'Green Pakistan Programme'

The federal and provincial governments would spend Rs 3.652 billion on revival of forestry resources, which were greatly damaged due to transfer of forest land for non-forestry purposes. Sources said that a meeting of Executive Committee of National Econo
Published 05 Feb, 2017 12:00am
PML-N government bringing real change: Muqam

PML-N government bringing real change: Muqam

Advisor to Prime Minister, Engr Amir Muqam has said that PML-N led federal government is only bringing real change and building new Pakistan by launching various development projects across the country. This, he stated while talking to PTI dissident MPA Z
Published 05 Feb, 2017 12:00am
ZTBL cashier arrested for alleged fraud

ZTBL cashier arrested for alleged fraud

National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Saturday arrested Rehmat Ullah Teller/Cashier of Zarai Taraqiati Bank Limited (ZTBL) Serai Naurang Branch, Lakki Marwat for alleged involved in embezzlement/fraud of Rs.202 million against fake pa
Published 05 Feb, 2017 12:00am
Zubair will be better governor: Haleem

Zubair will be better governor: Haleem

Prominent Business Leader and former federal minister, Captain Haleem Siddiqui, has expressed hoped that Muhammad Zubair as Governor Sindh would give priority to the economic activities and resolve unemployment issue by promoting trade and commercial acti
Published 05 Feb, 2017 12:00am
Industrialists call for speedy rehabilitation of national highway

Industrialists call for speedy rehabilitation of national highway

The extremely slow pace of rehabilitation work at National Highway has irked the commuters, industrialists, residents and the traffic police officials as well. "The rehabilitation of National Highway (Malir Court, Quaidabad and Murghi khana), Mehran Highw
Published 05 Feb, 2017 12:00am
Public awareness seminar on Chikungunya held

Public awareness seminar on Chikungunya held

Chikungunya is rarely fatal, while the death rate of the disease-affected people is less than one per cent. Chikungunya is transmitted to humans by infected mosquitoes. This virus is in Pakistan but with low level activity. Symptoms are generally self-lim
Published 05 Feb, 2017 12:00am
Wheat products: export to be allowed till March 15

Wheat products: export to be allowed till March 15

Ministry of National Food Security and Research, Government of Pakistan and the Food Department, Government of Sindh has notified that the export period of wheat and wheat products [Flour (Aata), Fine, Suji and Maida] be allowed till 15th March 2017 and e
Published 05 Feb, 2017 12:00am
Dredging activities in full swing at SAPT

Dredging activities in full swing at SAPT

The dredging activities are in full swing at South Asia Pakistan Terminals Limited (SAPT) in order to achieve dredging target with a depth of 16 meters by the end of next month. The contract of dredging project has been awarded to Belgian company Van Oord
Published 05 Feb, 2017 12:00am
Above normal rain, snowfall forecast for February

Above normal rain, snowfall forecast for February

The Met Office has forecast above normal rain and snowfall during February 2017, saying that about 3 weather systems were expected to pass across the country. In Feb, it said, more than a normal snowfall is expected in mountainous areas of Upper Khyber Pa
Published 05 Feb, 2017 12:00am
KU to install CCTV cameras

KU to install CCTV cameras

University of Karachi on Saturday has decided to install CCTV cameras on entrance and exit points for which central control room is being established and is in its final stages. The decision was taken at a high level security meeting which was presided ov
Published 05 Feb, 2017 12:00am
Bilawal slams government for failure in checking extremists

Bilawal slams government for failure in checking extremists

Chairman, Pakistan People's Party, Bilawal Bhutto Zardari on Saturday said that the federal and Punjab governments have failed to actualize concrete action against extremists under National Action Plan, as they have ceased to put efforts in it.
Published 05 Feb, 2017 12:00am
REAP felicitates Sindh governor

REAP felicitates Sindh governor

Mehmood Moulvi Chairman Pakistan Rice Exporters Association (REAP) on Saturday congratulated Muhammad Zubair on assuming the office of Governor Sindh. He said that being Chairman Privatization Commission, Muhammad Zubair performed well; therefore business
Published 05 Feb, 2017 12:00am
Survey for NSER update launched

Survey for NSER update launched

The door-to-door survey for National Socio-Economic Registry (NSER) update in Thatta and Sujawal was launched on Saturday by the Sajada Naseen Bhit Shah Syed Waqar Hussain Latifi in presence of large number of attendees.
Published 05 Feb, 2017 12:00am
NAB chairman hails improvement in global competitiveness index

NAB chairman hails improvement in global competitiveness index

Qamar Zaman Chaudhry, Chairman NAB held a meeting with Amir Jehanghir, CEO Mishal which is a partner institute of World Economic Forum and exchanged views on successful improving of Pakistan's Competitiveness on the Global index of the World Economic Foru
Published 05 Feb, 2017 12:00am
Lawyer gunned down

Lawyer gunned down

A lawyer was gunned down over monetary dispute in the area of Shahdara, police said on Saturday. Muhammad Irfan was shot dead by another lawyer, Bilal, when he was on his way to home, said SP City Muhammad Naveed. Both had some monetary disputes, he added
Published 05 Feb, 2017 12:00am
Quality research must to alleviate poverty: VC UAF

Quality research must to alleviate poverty: VC UAF

Quality Research based solutions to problems of society, farmers and industry; knowledge based economy and trained manpower are essential to alleviate poverty, said University of Agriculture Faisalabad Vice Chancellor Professor Dr Iqrar Ahmad Khan. He add
Published 05 Feb, 2017 12:00am
Glowing tributes paid to Dr Abdus Salam

Glowing tributes paid to Dr Abdus Salam

Hailed as one of the world's best theoretical physicists of the 20th century, Nobel Laureate Professor Dr Abdus Salam is relatively unknown in his home country, Pakistan, and his contributions even more so. It was stated by some of world's top physicists
Published 05 Feb, 2017 12:00am
LDA retrieves 7 marla plot

LDA retrieves 7 marla plot

Staff of the Directorate of Estate Management-II of Lahore Development Authority retrieved a seven marla plot in Mustafa Town from land grabbers during its operation on Saturday. An under construction house on the said plot No 133-A, Ahmad Yar block of th
Published 05 Feb, 2017 12:00am
Government urged to focus on climate change

Government urged to focus on climate change

A study conducted by Oxfam and the Indus Consortium, under their joint campaign on climate change and need for adaptation, has urged the Pakistani government to adopt the multi-hazards vulnerability risk assessment approach in each district of Punjab for
Published 05 Feb, 2017 12:00am
World Cancer Day-2017 marked

World Cancer Day-2017 marked

"World Cancer Day-2017" was marked here on Saturday like other parts of the world with a renewed pledge to continue efforts for creation of healthy society by raising awareness and fighting against diseases like cancer through coordinated efforts.
Published 05 Feb, 2017 12:00am
ASF reluctant to joint probe, invisible checking at airports

ASF reluctant to joint probe, invisible checking at airports

The Airport Security Force (ASF) is reluctant to adopt a proposal of joint examination and invisible checking at airports, said sources. The proposal was forward by the Model Collectorate Customs for a joint examination and invisible checking by the Custo
Published 05 Feb, 2017 12:00am
LCCI slams blockade of roads

LCCI slams blockade of roads

The Lahore Chamber of Commerce and Industry (LCCI) has slammed continuous violation of ban on road blockade and urged the Punjab and city district governments to take this matter seriously and ensure implementation of rules and regulations in letter and s
Published 05 Feb, 2017 12:00am
Pace of work on hepatitis clinic, PKLI reviewed

Pace of work on hepatitis clinic, PKLI reviewed

The Steering Committee on Saturday reviewed the pace of work on hepatitis filter clinic and main project of Pakistan Kidney, Liver Transplant and Research Institute (PKLI). The Punjab Minister for Specialized Healthcare and Medical Education Khawaja Salma
Published 05 Feb, 2017 12:00am
Two killed in accident

Two killed in accident

A speeding dumper hit a motorcycle in Sabzazar Colony E-Block area of Lahore killing a woman named Naseem Bibi on spot and injuring her husband Akram and daughter Asma. The injured were rushed to a nearby hospital where Asma also succumbed to her wounds.
Published 05 Feb, 2017 12:00am
44 special students of SU get laptops

44 special students of SU get laptops

Sindh University Vice-Chancellor Professor Dr Fateh Muhammad Burfat distributed laptops among 44 disabled students of bachelor's degree programs under Prime Minister Laptop Scheme here on Saturday. In this regard, a ceremony was held at Department of Fres
Published 05 Feb, 2017 12:00am
Ahsan hopes resumption of 'peace talks' with India after assembly polls

Ahsan hopes resumption of 'peace talks' with India after assembly polls

Pakistan hopes that there will be a better environment to pursue peace talks with India after the state assembly elections in the neighbouring country, senior Pakistani minister has said. "We are hoping that by March these state elections will be over and
Published 05 Feb, 2017 12:00am
Bahrain FM to participate in inaugural session of JMC today

Bahrain FM to participate in inaugural session of JMC today

Shaikh Khalid Bin Ahmed Bin Mohammed Al Khalifa, Foreign Minister of the Kingdom of Bahrain, along with his high powered delegation, will visit Islamabad from 5-6 February 2017 to participate in the inaugural session of the Pakistan-Bahrain Joint Minister
Published 05 Feb, 2017 12:00am
MQM delegation meets Sindh governor

MQM delegation meets Sindh governor

A four-member delegation of Muttahida Quami Movement (MQM) Pakistan led by Dr Farooq Sattar called on Governor Sindh Muhammad Zubair at Governor House on Saturday. Other members of the delegation included Amir Khan, Khawaja Izhar ul Hassan and Faisal Sabz
Published 05 Feb, 2017 12:00am
Cleanliness: Chinese instruments arrive in Karachi

Cleanliness: Chinese instruments arrive in Karachi

The cleanliness in East and South districts of Karachi is soon to be started and in this regard the relevant machines and other relevant items from China arrived at Karachi port on Saturday. The consignment consists of six containers of the Chinese compan
Published 05 Feb, 2017 12:00am
PM asked to resolve issue of high cost of business

PM asked to resolve issue of high cost of business

The All Pakistan Textile Mills Association (APTMA) on Saturday appealed to Prime Minister Nawaz Sharif to solve the issue of high cost of doing business in the textile sector by providing electricity at Rs 7/kWh and gas including RLNG at Rs 600 per MMBTU,
Published 05 Feb, 2017 12:00am
World urged to help stop atrocities in IHK

World urged to help stop atrocities in IHK

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz on Saturday called upon the international community to take effective steps to stop Indian atrocities in the occupied Jammu and Kashmir and resolve the dispute by organising a referendum in acco
Published 05 Feb, 2017 12:00am
Criminal elements continue to rule the roost in Capital

Criminal elements continue to rule the roost in Capital

The criminal elements continue to rule the roost in the federal Capital as they struck at 19 different places during the last seven days and made off with cash, gold ornaments and other valuables worth millions of rupees. According to the statistics colle
Published 05 Feb, 2017 12:00am
Prices of essential kitchen items register slight increase

Prices of essential kitchen items register slight increase

Prices of essential kitchen items registered a slight increase during the past week as compared to preceding week, according to a survey conducted byBusiness Recorder on Saturday. According to details, the prices of most of the kitchen items includ
Published 05 Feb, 2017 12:00am
AMTF to hold blood donation, thalassemia screening camps

AMTF to hold blood donation, thalassemia screening camps

Executive Director Afzaal Memorial Thalassemia Foundation (AMTF), Ateeq Ur Rehman has said AMTF is planning to hold blood donation and free Thalassemia screening camps. He said donating blood is healthy for the Donor in multi ways. Blood replaces the dona
Published 05 Feb, 2017 12:00am
KE partners with Husaini Hematology Trust

KE partners with Husaini Hematology Trust

K-Electric, under its Social Investment Programme (SIP), has partnered with Husaini Hematology and Oncology Trust to further enhance reliability of power supply of the Trust's emergency center. The utility upgraded respective power infrastructure, which w
Published 05 Feb, 2017 12:00am
Gold shines in 2016 on keen investment demand: WGC

Gold shines in 2016 on keen investment demand: WGC

Demand for gold rose in 2016 to a three-year high, aided by keen investment appetite for the precious metal, the World Gold Council said Friday in a report. Total demand for gold - whose twin drivers are jewellery and investment buying - advanced two perc
Published 05 Feb, 2017 12:00am
Indian farmers to raise rubber tapping amid price rally

Indian farmers to raise rubber tapping amid price rally

India's natural rubber output in 2017/18 is likely to jump 15 percent to its highest in four years at 750,000 tonnes as a spike in benchmark prices prompts farmers to start tapping trees they had abandoned earlier, industry officials told Reuters.
Published 05 Feb, 2017 12:00am
Ivory Coast cancels defaulted cocoa, fines exporters

Ivory Coast cancels defaulted cocoa, fines exporters

Ivory Coast's Coffee and Cocoa Council (CCC) marketing board has begun cancelling cocoa contracts which are in default and plans to resell those volumes, exporters said on Wednesday, in a move that will saddle some companies with heavy penalties.
Published 05 Feb, 2017 12:00am
Cotton halts three-session rally; up two percent on week
Cotton

Cotton halts three-session rally; up two percent on week

Cotton futures fell on Friday to snap a three-day rally as investors rolled positions forward ahead of the March contract expiry. "The market is just taking a pause, the index roll is keeping a lid on the prices," said Louis Barbera, a broker at ICAP Cott
Published 05 Feb, 2017 12:00am
Heavy rains damage crops after drought in Zimbabwe

Heavy rains damage crops after drought in Zimbabwe

Heavy rains have battered crops in Zimbabwe, threatening its food staple, maize, and its cash tobacco crops just months after the worst drought in a quarter century, the head of the commercial farmers' union said on Wednesday.
Published 05 Feb, 2017 12:00am
Traders rush to ship US oil as export window to Asia opens

Traders rush to ship US oil as export window to Asia opens

Oil majors and trading houses are set to ship an unprecedented volume of US crude oil to Asia in coming weeks, boosting already high flows to the region due to higher prices from Opec production cuts. Traders have estimated that some 700,000 to 900,000 ba
Published 05 Feb, 2017 12:00am
US refiners gobble up foreign crude, at least for now

US refiners gobble up foreign crude, at least for now

Global oil producers pumping out crude have found particularly willing buyers lately in the United States, where refiners have reaped short-term benefits from buying foreign crude. Some question whether refiners are being strategic in their buying, piling
Published 05 Feb, 2017 12:00am
Colombia coca growers fear future without FARC rebels

Colombia coca growers fear future without FARC rebels

Colombia is moving towards peace, but in the coca fields whose narcotic produce have fuelled decades of conflict, villagers fear they are being abandoned to a new kind of war. A historic deal signed by the government and FARC rebels aims to demobilize the
Published 05 Feb, 2017 12:00am
Rain only a temporary distraction for Brazil soya harvest

Rain only a temporary distraction for Brazil soya harvest

Brazil has just begun harvesting what could be its largest-ever soyabean crop and although there has been concern over interrupting rains, there is technically no cause for anxiety over the harvest progress just yet. Brazil is the leading global supplier
Published 05 Feb, 2017 12:00am
Over 9.2 million sign for Obamacare amid Trump repeal push

Over 9.2 million sign for Obamacare amid Trump repeal push

More than 9.2 million US consumers signed up for health insurance using the Healthcare.gov website during the open enrollment period between November and January 31, the US government said on Friday. Enrollment was down from 9.7 million a year ago but the
Published 05 Feb, 2017 12:00am
Libyans intercept at least 1,131 migrants off western coast in a week

Libyans intercept at least 1,131 migrants off western coast in a week

Libya's coast guard intercepted at least 1,131 migrants near the western city of Sabratha over the course of a week, a spokesman said on Saturday. Ayoub Qassem said 431 migrants had been intercepted on four inflatable boats off Sabratha's coast on Thursda
Published 05 Feb, 2017 12:00am
Google, unlike Microsoft, must turn over foreign emails: US judge

Google, unlike Microsoft, must turn over foreign emails: US judge

A US judge has ordered Google to comply with search warrants seeking customer emails stored outside the United States, diverging from a federal appeals court that reached the opposite conclusion in a similar case involving Microsoft Corp. US Magistrate Ju
Published 05 Feb, 2017 12:00am
93 migrants helped ashore in Cyprus

93 migrants helped ashore in Cyprus

A boat carrying more than 90 migrants believed to be from Syria was rescued off the northwest coast of Cyprus, the island's authorities said Saturday. The vessel carrying 93 people, including 47 children, was spotted eight nautical miles from shore overni
Published 05 Feb, 2017 12:00am
Thousands protest in London against Trump's refugee ban

Thousands protest in London against Trump's refugee ban

Several thousand people demonstrated outside the US embassy in London on Saturday against President Donald Trump and his temporary ban on refugees and nationals from seven Muslim-majority countries from entering the United States. Protesters held black ba
Published 05 Feb, 2017 12:00am
Australian foreign minister says US refugee swap to go ahead

Australian foreign minister says US refugee swap to go ahead

Australian Foreign Minister Julie Bishop said on Saturday that a controversial refugee resettlement deal with the United States would go ahead, despite US immigration officials postponing interviews with asylum seekers. Reuters reported on Friday that US
Published 05 Feb, 2017 12:00am
China warns US after Mattis says Senkakus covered by treaty

China warns US after Mattis says Senkakus covered by treaty

China warned the US Saturday it was risking instability in Asia after President Donald Trump's new defence secretary vowed to back Japan in any military clash with Beijing over a disputed island chain. The Senkaku Islands, known in China as the Diaoyus, a
Published 05 Feb, 2017 12:00am
Sri Lanka President slams rivals, vows reconciliation

Sri Lanka President slams rivals, vows reconciliation

Sri Lanka's President Maithripala Sirisena Saturday slammed critics of his ethnic reconciliation plan as the country emerges from a decades long ethnic war that claimed over 100,000 lives. Sirisena marked the Indian Ocean island's 69th anniversary of inde
Published 05 Feb, 2017 12:00am
Yemen tribesmen kill 13 al Qaeda fighters

Yemen tribesmen kill 13 al Qaeda fighters

Yemeni tribesmen on Saturday killed 13 al Qaeda fighters who had slipped back into a southern town hours after pulling out in the face of street protests, a security official said. The jihadists had re-emerged during the night and sought to take control o
Published 05 Feb, 2017 12:00am
Turkey court orders release of veteran Kurdish ex-mayor

Turkey court orders release of veteran Kurdish ex-mayor

A Turkish court on Friday ordered the release of a former pro-Kurdish mayor who had been held for over two months on terror charges despite his widely-respected efforts to end the Kurdish conflict, his lawyer said. Ahmet Turk, 74, former mayor of the city
Published 05 Feb, 2017 12:00am
250,000 homes without power as storm hits SW France

250,000 homes without power as storm hits SW France

Gale-force winds battered France's southwestern Atlantic coast on Saturday, leaving more than quarter of million homes without power, the national electricity grid Enedis said. National weather agency Meteo France said winds reaching speeds of up to 148 k
Published 05 Feb, 2017 12:00am
German liner rescues six from sinking Tongan boat

German liner rescues six from sinking Tongan boat

Six men were rescued by a German cruise liner in the South Pacific on Saturday after leaping into the sea from their sinking Tongan fishing boat, New Zealand rescue authorities said. The fishermen, who had run out of drinking water three days ago, had set
Published 05 Feb, 2017 12:00am
Djokovic survives Davis Cup scare, champions Argentina slump

Djokovic survives Davis Cup scare, champions Argentina slump

Novak Djokovic survived an injury scare and battled back from a set and a break down to help Serbia take a 2-0 lead over Russia in the Davis Cup World Group tie on Friday. Twelve-time major winner Djokovic, just one of two of the world's top 15 playing in
Published 05 Feb, 2017 12:00am
France complete Davis Cup win over Japan

France complete Davis Cup win over Japan

France wrapped up victory in their Davis Cup first-round tie against Japan after Pierre-Hugues Herbert and Nicolas Mahut won Saturday's doubles to give the visitors an unassailable 3-0 lead. The Wimbledon champions swatted aside Yuichi Sugita and Yasutaka
Published 05 Feb, 2017 12:00am
Mladenovic in St Petersburg final

Mladenovic in St Petersburg final

France's big-serving Kristina Mladenovic battled back from a set down to advance into the St Petersburg Trophy final on Saturday with a hard-fought win over Russia's wildcard Natalia Vikhlyantseva. Mladenovic, ranked 51st, won 4-6, 6-2, 6-2 in two hours n
Published 05 Feb, 2017 12:00am
South Africa launches 'global' T20 league

South Africa launches 'global' T20 league

Cricket South Africa on Saturday announced plans for a Twenty20 league which it hopes will attract major international investment and big-name players. The T20 Global League appears to be based on the successful Indian Premier League and Australia's Big B
Published 05 Feb, 2017 12:00am
Hazard jewel cuts Arsenal 12 points adrift

Hazard jewel cuts Arsenal 12 points adrift

Eden Hazard scored a sublime solo goal as Premier League leaders Chelsea thrust a dagger into Arsenal's title aspirations with a 3-1 victory at Stamford Bridge on Saturday. The Belgian winger left a trail of defenders in his wake to double Chelsea's lead
Published 05 Feb, 2017 12:00am
PSL 'Spirit Trophy' set to be unveiled on Monday

PSL 'Spirit Trophy' set to be unveiled on Monday

The trophy launch for the HBL Pakistan Super League (PSL) 2017 edition is being held at the Dubai International Cricket Stadium on February 6 (Monday). Captains of the five participating teams, Chairman PSL Najam Sethi, franchise owners and management wou
Published 05 Feb, 2017 12:00am
Women cricket 'A' team to play with U-16 boys team

Women cricket 'A' team to play with U-16 boys team

The Pakistan Cricket Board (PCB) women's wing has decided to hold one-day matches between Pakistan women cricket A-team and Under-16 boys' cricket team at Multan, Lahore, Rawalpindi, Islamabad and Karachi. The matches will commence from February 8, 2017.
Published 05 Feb, 2017 12:00am
Ahsan & Co reaches Polo Cup main final

Ahsan & Co reaches Polo Cup main final

Ahsan & Co defeated MMS by 7-6 to qualify for the main final of the Rafi Group Polo Cup 2017 here at the Lahore Polo Club (LPC) ground on Saturday. MMS started the match with a tremendous goal by Azam Hayat Noon which was soon levelled by Omar Asjad Malhi
Published 05 Feb, 2017 12:00am
ICC moves closer to Test shake-up

ICC moves closer to Test shake-up

The International Cricket Council has moved closer to a radical shake-up to pave the way for Afghanistan and Ireland to become Test nations and restrict the power of the 'Big Three' of India, England and Australia. Following a meeting at its Dubai headqua
Published 05 Feb, 2017 12:00am
Vietnam legalises betting on football, racing

Vietnam legalises betting on football, racing

Punters in gambling-mad Vietnam cheered the easing of a ban on sports betting Saturday, as the communist government moves to bring a booming black market industry above board. Vietnam has long barred locals from gambling of any form, allowing only a few f
Published 05 Feb, 2017 12:00am
Jazz claims maiden Asian Tour title in Bangladesh

Jazz claims maiden Asian Tour title in Bangladesh

Talented Thai golfer Jazz Janewattananond completed a turnaround in his career claiming his maiden Asian Tour title when he shot a four-under-par 67 in the final round at the US$300,000 Bashundhara Bangladesh Open on Saturday. Jazz faced little challenge
Published 05 Feb, 2017 12:00am
Bolt leads his All Stars to victory in Nitro meet

Bolt leads his All Stars to victory in Nitro meet

The world's fastest man Usain Bolt led his Bolt All-Stars to victory on the opening night of the inaugural Nitro Athletics teams event in Melbourne on Saturday. The world record holder for the 100m and 200m sprints led the Bolt All Stars - including athle
Published 05 Feb, 2017 12:00am
Chile rejects French request to arrest murder suspect

Chile rejects French request to arrest murder suspect

A Chilean judge on Friday rejected a request from France to arrest a man suspected of killing a Japanese student in the French city of Besancon. The Chilean teaching assistant, Nicolas Zepeda Contreras, has been identified as the main suspect in the disap
Published 05 Feb, 2017 12:00am
Nigeria politician returns home after 4 years in UK jail

Nigeria politician returns home after 4 years in UK jail

One of Nigeria's most powerful men, who was jailed in Britain for money laundering and fraud in a landmark anti-corruption case, has returned home, his aides told AFP on Saturday. "Chief James Ibori has arrived. He landed in Abuja in the early hours," sai
Published 05 Feb, 2017 12:00am
Romanian government signals possible retreat

Romanian government signals possible retreat

The head of Romania's ruling socialists signalled Saturday a possible retreat on a contentious corruption decree that has sparked the biggest demonstrations since the fall of Ceausescu in 1989. As tens of thousands of people gathered in Bucharest for a fi
Published 05 Feb, 2017 12:00am
Trump to speak to Poroshenko as Ukraine unrest surges

Trump to speak to Poroshenko as Ukraine unrest surges

US President Donald Trump was to hold his first talks with Ukraine's leader on Saturday as a surge in fighting killed dozens and refocused global attention on bloodshed in the EU's backyard.
Published 05 Feb, 2017 12:00am
At least nine killed in Indonesia boat accident

At least nine killed in Indonesia boat accident

At least nine people have been killed and one is still missing after a fishing boat capsized in eastern Indonesia, an official said Saturday. The wooden boat was carrying around 30 people when it overturned Friday afternoon after departing from Takalar La
Published 05 Feb, 2017 12:00am
US-backed Syrian force in new phase of Raqqa assault

US-backed Syrian force in new phase of Raqqa assault

An alliance of US-backed militias started a new phase of its campaign against the Islamic State-held city of Raqqa on Saturday, aiming to complete its encirclement and sever the road to militant strongholds in Deir al-Zor province.
Published 05 Feb, 2017 12:00am
Russians among 'hundreds' trying to hack Dutch government

Russians among 'hundreds' trying to hack Dutch government

Russian hackers accused of trying to meddle in the recent US elections have tried to infiltrate Dutch ministries among hundreds of cyber attacks ahead of next month's polls here, reports said Saturday. Two Russian groups were behind attempts to pinch the
Published 05 Feb, 2017 12:00am
Ex-premier to run in Kyrgyzstan presidential vote

Ex-premier to run in Kyrgyzstan presidential vote

Kyrgyzstan's former premier Temir Sariyev will run in what is expected to be a tightly-contested presidential vote in the Central Asian country later this year, his party said on Saturday. Sariyev is the first political heavyweight to officially announce
Published 05 Feb, 2017 12:00am
Mobile app helps China recover hundreds of missing children

Mobile app helps China recover hundreds of missing children

A mobile app helped Chinese authorities recover hundreds of missing children last year, Xinhua news agency reported on Saturday, in a country where child trafficking is rampant. The Ministry of Public Security said 611 missing children were found last yea
Published 05 Feb, 2017 12:00am
High-profile Spain trial stokes Catalan independence fervour

High-profile Spain trial stokes Catalan independence fervour

Separatists in Catalonia plan to come out in force Monday when the Spanish region's former leader, Artur Mas, stands trial over a non-binding independence referendum he held, further straining ties with Madrid. Supporters of independence for the wealthy,
Published 05 Feb, 2017 12:00am
Canadian dollar pares losses on US jobs data
Currency

Canadian dollar pares losses on US jobs data

The Canadian dollar weakened slightly against its US counterpart on Friday but clawed back some losses after US jobs data showed tepid wage growth, while the loonie ended higher for the second straight week. US job growth surged more than expected in Janu
Published 05 Feb, 2017 12:00am
Czech crown cap seen ending in Q2 despite central bank caution
Currency

Czech crown cap seen ending in Q2 despite central bank caution

The Czech central bank will exit its cap on currency strength in the second quarter, a Reuters poll showed on Wednesday, despite rate setters' signals they would not rush even as investors increasingly pile into crown markets. The central bank meets for a
Published 05 Feb, 2017 12:00am
Franc breakout points to more tolerant SNB
Currency

Franc breakout points to more tolerant SNB

Daily surges in the past week have taken the Swiss franc to its highest against the euro since last year's vote by Britain to leave the European Union, encouraging German and Swiss bank speculation that the currency will be allowed to rise further. As thi
Published 05 Feb, 2017 12:00am
US dollar longs fall to lowest since late October
Currency

US dollar longs fall to lowest since late October

Speculators reduced bullish bets on the US dollar for a fourth straight week, as net longs fell to their lowest since late October, according to data from the Commodity Futures Trading Commission released on Friday and calculations by Reuters. The value o
Published 05 Feb, 2017 12:00am
Strong Danish crown to keep central bank alert in 2017
Currency

Strong Danish crown to keep central bank alert in 2017

Denmark's central bank will remain on high alert in 2017 to defend its safe-haven currency, which is expected to face more upward pressure from booming US investments and political risks in Europe, the country's biggest bank said on Tuesday. The Danish cr
Published 05 Feb, 2017 12:00am
Dollar inches lower as data shows weak US wage growth

Dollar inches lower as data shows weak US wage growth

The dollar fell on Friday in choppy trading after the US employment report showed a smaller-than-expected rise in wages last month despite strong jobs gains, likely prompting the Federal Reserve to be less aggressive in raising interest rates this year. T
Published 05 Feb, 2017 12:00am
Serbia to sell euros, blame dinar weakening on seasonal demand, Fed

Serbia to sell euros, blame dinar weakening on seasonal demand, Fed

Serbia's central bank intervened in the foreign exchange market to buy euros again on Thursday, dealers said, and its central bank governor was quoted as blaming dinar weakness on season factors and the US Federal Reserve. The dinar has lost around 0.4 pe
Published 05 Feb, 2017 12:00am
Banks, jobs data send Wall Street higher

Banks, jobs data send Wall Street higher

US stocks climbed on Friday, with the S&P 500 closing just short of a record high, boosted by gains in financial shares as President Donald Trump moved ahead with deregulation action and by a strong payrolls report. The S&P financial sector jumped 2 perce
Published 05 Feb, 2017 12:00am
Norway keeps crown purchases at NOK 1 billion per day
Currency

Norway keeps crown purchases at NOK 1 billion per day

Norway's central bank will keep unchanged its daily sale of foreign currency in February, it said on Tuesday. The bank will sell foreign exchange equivalent to 1.0 billion Norwegian crowns per day. In January the level was raised to 1.0 billion from 900 m
Published 05 Feb, 2017 12:00am
Norway keeps crown purchases at NOK 1 billion per day
Currency

Norway keeps crown purchases at NOK 1 billion per day

Norway's central bank will keep unchanged its daily sale of foreign currency in February, it said on Tuesday. The bank will sell foreign exchange equivalent to 1.0 billion Norwegian crowns per day. In January the level was raised to 1.0 billion from 900 m
Published 05 Feb, 2017 12:00am
US funds recommend cutting equity allocations in January

US funds recommend cutting equity allocations in January

US funds recommended trimming equity allocations in January as they wait for President Donald Trump to announce the infrastructure spending and tax cuts he promised during his election campaign. Following Trump's shock victory in the race for the White Ho
Published 05 Feb, 2017 12:00am
US funds recommend cutting equity allocations in January

US funds recommend cutting equity allocations in January

US funds recommended trimming equity allocations in January as they wait for President Donald Trump to announce the infrastructure spending and tax cuts he promised during his election campaign. Following Trump's shock victory in the race for the White Ho
Published 05 Feb, 2017 12:00am
Snapchat parent Snap to raise up to $3 billion in IPO

Snapchat parent Snap to raise up to $3 billion in IPO

The parent of the fast-growing social network Snapchat filed public documents for a share offering Thursday, seeking to raise up to $3 billion in a keenly anticipated Wall Street debut. California-based Snap Inc, which had earlier filed confidential docum
Published 05 Feb, 2017 12:00am
Snapchat parent Snap to raise up to $3 billion in IPO

Snapchat parent Snap to raise up to $3 billion in IPO

The parent of the fast-growing social network Snapchat filed public documents for a share offering Thursday, seeking to raise up to $3 billion in a keenly anticipated Wall Street debut. California-based Snap Inc, which had earlier filed confidential docum
Published 05 Feb, 2017 12:00am
TSX gains as banks benefit from Trump move

TSX gains as banks benefit from Trump move

Canada's main stock index gained on Friday as heavyweight banks got a boost from US President Donald Trump's move to scale back financial regulations, while department store operator Hudson's Bay Co jumped on news it is eyeing larger US retailer Macy's. T
Published 05 Feb, 2017 12:00am
Morocco may issue $1 billion of international bond issues

Morocco may issue $1 billion of international bond issues

Morocco is considering tapping international debt markets in 2017 with about $1 billion of bond issues, a senior official in the finance ministry said. The North African kingdom needs around $3 billion in financing this year to plug a budget deficit expec
Published 05 Feb, 2017 12:00am
Morocco may issue $1 billion of international bond issues

Morocco may issue $1 billion of international bond issues

Morocco is considering tapping international debt markets in 2017 with about $1 billion of bond issues, a senior official in the finance ministry said. The North African kingdom needs around $3 billion in financing this year to plug a budget deficit expec
Published 05 Feb, 2017 12:00am
Global bond issuance volumes smash record

Global bond issuance volumes smash record

Global bond issuance volumes hit a new high in January as borrowers sprinted out of the blocks to raise funds ahead of looming event and market risks. Governments, corporates and financial institutions raised US$530.84bn in the first month of 2017, accord
Published 05 Feb, 2017 12:00am
Global bond issuance volumes smash record

Global bond issuance volumes smash record

Global bond issuance volumes hit a new high in January as borrowers sprinted out of the blocks to raise funds ahead of looming event and market risks. Governments, corporates and financial institutions raised US$530.84bn in the first month of 2017, accord
Published 05 Feb, 2017 12:00am
Nasdaq to close NLX trading venue, reports Q4 loss

Nasdaq to close NLX trading venue, reports Q4 loss

Nasdaq Inc said on Tuesday it would wind down its struggling London-based interest rate derivatives exchange, NLX, as unrelated one-time costs pulled the transatlantic exchange operator to a fourth-quarter loss. Nasdaq started NLX in 2013 to take on Inter
Published 05 Feb, 2017 12:00am
Mideast funds positive on bonds; bullish on stocks but split on Kuwait

Mideast funds positive on bonds; bullish on stocks but split on Kuwait

Middle East fund managers are strongly positive toward fixed income in the region because of expanding international bond issuance and they also plan to increase their equity holdings, a monthly Reuters poll found. The poll of 13 leading fund managers, co
Published 05 Feb, 2017 12:00am
Mideast funds positive on bonds; bullish on stocks but split on Kuwait

Mideast funds positive on bonds; bullish on stocks but split on Kuwait

Middle East fund managers are strongly positive toward fixed income in the region because of expanding international bond issuance and they also plan to increase their equity holdings, a monthly Reuters poll found. The poll of 13 leading fund managers, co
Published 05 Feb, 2017 12:00am
Nigeria asks Goldman, Stanbic to help sell debut 'diaspora bond'

Nigeria asks Goldman, Stanbic to help sell debut 'diaspora bond'

Nigeria has asked Goldman Sachs and Stanbic IBTC Bank, the local unit of South Africa's Standard Bank, to advise it on the sale of a debut "diaspora bond" targeted at Nigerians living abroad, Stanbic said on Monday. Africa's biggest economy first announce
Published 05 Feb, 2017 12:00am
Nigeria asks Goldman, Stanbic to help sell debut 'diaspora bond'

Nigeria asks Goldman, Stanbic to help sell debut 'diaspora bond'

Nigeria has asked Goldman Sachs and Stanbic IBTC Bank, the local unit of South Africa's Standard Bank, to advise it on the sale of a debut "diaspora bond" targeted at Nigerians living abroad, Stanbic said on Monday. Africa's biggest economy first announce
Published 05 Feb, 2017 12:00am
Europe gets creative to win banks after Brexit

Europe gets creative to win banks after Brexit

Regulators in European countries competing for post-Brexit banking business are offering London-based banks a range of short-term workarounds to help them relocate, bankers, regulators and lawyers say. Global banks have warned they might have to move thei
Published 05 Feb, 2017 12:00am
Amazon profit jumps

Amazon profit jumps

Amazon reported on Thursday that profit leapt during the year-end holiday shopping season, but the tech giant saw shares sink as revenue fell shy of high expectations. While revenue rose to $43.7 billion from $35.7 billion in a similar year-over-year comp
Published 05 Feb, 2017 12:00am
Amazon profit jumps

Amazon profit jumps

Amazon reported on Thursday that profit leapt during the year-end holiday shopping season, but the tech giant saw shares sink as revenue fell shy of high expectations. While revenue rose to $43.7 billion from $35.7 billion in a similar year-over-year comp
Published 05 Feb, 2017 12:00am
Tanzania hikes fuel prices
Currency

Tanzania hikes fuel prices

Tanzania's energy regulator raised maximum fuel prices on Saturday, citing higher international costs for crude and refined products and a weaker local currency. Fuel prices weigh heavily on the inflation rate in the east African country, which rose to 5.
Published 05 Feb, 2017 12:00am
Volkswagen patriarch says ex-CEO knew about emissions cheating

Volkswagen patriarch says ex-CEO knew about emissions cheating

Volkswagen's former supervisory board chief has told German investigators that ex-CEO Martin Winterkorn knew about the "dieselgate" emissions cheating scam well before the scandal broke, news weekly Der Spiegel reported Friday. "Ferdinand Piech has incrim
Published 05 Feb, 2017 12:00am
Sharp net loss shrinks more than 60 percent

Sharp net loss shrinks more than 60 percent

Sharp said Friday its nine-month net loss shrank by more than 60 percent as it upgraded its full-year forecasts on structural reforms and its takeover by Hon Hai. The Japanese industrial mainstay, pummelled by huge losses and mounting debts, was formally
Published 05 Feb, 2017 12:00am
Sharp net loss shrinks more than 60 percent

Sharp net loss shrinks more than 60 percent

Sharp said Friday its nine-month net loss shrank by more than 60 percent as it upgraded its full-year forecasts on structural reforms and its takeover by Hon Hai. The Japanese industrial mainstay, pummelled by huge losses and mounting debts, was formally
Published 05 Feb, 2017 12:00am
Divisions in Turkey's economic team hamper response to lira slide

Divisions in Turkey's economic team hamper response to lira slide

Divisions among Turkey's economic policy makers, which have hindered the central bank and unnerved investors, are unlikely to abate before an April referendum on granting the stronger powers that President Tayyip Erdogan has long sought. The lira has been
Published 05 Feb, 2017 12:00am
Turkey's economic growth to be below potential in 2016 and 2017: IMF

Turkey's economic growth to be below potential in 2016 and 2017: IMF

Turkey's growth will be below potential in 2016 and this year, the International Monetary Fund said on Friday, citing political uncertainty, strained relations with Europe and insecurity at home and in the region. The IMF said growth in 2016 would be 2.7
Published 05 Feb, 2017 12:00am
Turkey's economic growth to be below potential in 2016 and 2017: IMF

Turkey's economic growth to be below potential in 2016 and 2017: IMF

Turkey's growth will be below potential in 2016 and this year, the International Monetary Fund said on Friday, citing political uncertainty, strained relations with Europe and insecurity at home and in the region. The IMF said growth in 2016 would be 2.7
Published 05 Feb, 2017 12:00am
Dakota Access Pipeline to start in second quarter

Dakota Access Pipeline to start in second quarter

The chief executive of Phillips 66 said on Friday he expects the Dakota Access Pipeline to start operations in the second quarter, even though the project - which has sparked protests by Native Americans and environmentalists - is still in the midst of le
Published 05 Feb, 2017 12:00am
Merkel hopes for 'fair' EU-Mercosur trade deal

Merkel hopes for 'fair' EU-Mercosur trade deal

German Chancellor Angela Merkel said Saturday that she would work toward securing a "fair" free-trade deal between the EU and Mercosur, the South American economic bloc. Her comments, posted in her weekly video message, came ahead of a visit by Uruguay's
Published 05 Feb, 2017 12:00am
Germany's Schaeuble wants 'reasonable' Brexit deal

Germany's Schaeuble wants 'reasonable' Brexit deal

The City of London offers financial services that benefit Europe as a whole and the European Union should recognise that in a "reasonable" Brexit deal with Britain, German Finance Minister Wolfgang Schaeuble said in a newspaper interview. "We don't want t
Published 05 Feb, 2017 12:00am
Euro exchange rate is too weak for Germany: Schaeuble

Euro exchange rate is too weak for Germany: Schaeuble

The euro's exchange rate is too low for Germany and the European Central Bank's expansive monetary policy has boosted the German economy's export surplus, Finance Minister Wolfgang Schaeuble said in a newspaper interview. Schaeuble made the comments after
Published 05 Feb, 2017 12:00am
Mexico, Turkey speed up free trade negotiations

Mexico, Turkey speed up free trade negotiations

Mexico and Turkey agreed on Friday to speed up negotiations for a free trade agreement in the wake of protectionist threats from US President Donald Trump. Mexican Foreign Minister Luis Videgaray and his visiting Turkish counterpart Mevlut Cavusoglu said
Published 05 Feb, 2017 12:00am
Takata taps KSS as final bidder for restructuring deal

Takata taps KSS as final bidder for restructuring deal

Takata Corp has selected Chinese-owned Key Safety Systems (KSS), a US-based auto parts supplier, as the final bidder to extend financial support for the Japanese airbag maker, three sources with knowledge of the process have told Reuters. The steering com
Published 05 Feb, 2017 12:00am
Australian government supports public funding for 'clean coal'

Australian government supports public funding for 'clean coal'

Australia's resources minister said the government is considering providing public funds for the construction of new "clean coal" power stations in the country's north, The Australian newspaper reported on Saturday. Matthew Canavan said he was open to usi
Published 05 Feb, 2017 12:00am
Honda upgrades full-year outlook on weak yen
Currency

Honda upgrades full-year outlook on weak yen

Honda on Friday revised up its full-year outlook thanks to a weaker yen but it analysts warned of an uncertain outlook for the auto industry following Donald Trump's drive to support US firms over foreign imports. The company forecast net profit to hit 54
Published 05 Feb, 2017 12:00am
Sri Lanka eyes China free trade deal this year, PM to visit in May

Sri Lanka eyes China free trade deal this year, PM to visit in May

Sri Lanka aims to finalise a free trade agreement with China this year and the country's prime minister will visit Beijing in May, the Sri Lankan ambassador said on Saturday, amid rising concern in the South Asian nation about Chinese investment.
Published 05 Feb, 2017 12:00am
China announces first strategic plan for territory development

China announces first strategic plan for territory development

China on Saturday issued its first strategic plan for territory development and preservation, outlining the protection of arable land reserves and islands, the official Xinhua news agency reported. Issued by the State Council, or Cabinet, the plan demands
Published 05 Feb, 2017 12:00am
Shenzhen new home sales fall 23.6 percent

Shenzhen new home sales fall 23.6 percent

New home sales in Shenzhen, one of China's hottest residential markets, slumped 23.6 percent by volume in January compared with a month earlier, the official Xinhua news agency reported on Saturday, citing local government data. Xinhua said homes sales in
Published 05 Feb, 2017 12:00am
Alibaba Group expands presence in Australia, New Zealand

Alibaba Group expands presence in Australia, New Zealand

Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks to tap growing global demand for products from the two countries. The group's billionaire foun
Published 05 Feb, 2017 12:00am
Peugeot to assemble two car models in Kenya

Peugeot to assemble two car models in Kenya

France's PSA Group, the maker of Peugeot, Citroen and DS cars, said on Saturday it had signed a contract to start assembling two car models in Kenya. PSA, which wants to reduce its dependence on European sales, will assemble the Peugeot 508 and 3008 model
Published 05 Feb, 2017 12:00am
Rebel taxes and seizures drive hungry children out of pre-famine Somalia

Rebel taxes and seizures drive hungry children out of pre-famine Somalia

Thousands of malnourished Somali women and children are fleeing into Ethiopia to escape Islamist militants who are taxing them and seizing their food, animals and land, the United Nations said on Friday, amid fears of renewed famine. Arrivals into Ethiopi
Published 05 Feb, 2017 12:00am
Cautious buying of cotton on modest trade activity
Cotton

Cautious buying of cotton on modest trade activity

Cautious buying by mills and spinners witnessed on the cotton market on Saturday as the ginners were not keen to oblige buyers on expectations of further increase in prices, dealers said. The official spot rate was unmoved at Rs 6700, dealers said. In Sin
Published 05 Feb, 2017 12:00am
EU wheat boosted by strong exports

EU wheat boosted by strong exports

European wheat prices edged higher on Thursday supported by strong exports even though the euro was firm against the dollar, European traders said. March milling wheat on Paris-based Euronext was 0.44 percent higher by 1704 GMT at 169.75 euros a tonne. In
Published 05 Feb, 2017 12:00am
India's 2016 Iran oil imports hit record high

India's 2016 Iran oil imports hit record high

India's annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts. The
Published 05 Feb, 2017 12:00am
Palm oil firmer on European vegoils market

Palm oil firmer on European vegoils market

Palm oil on the European vegetable oils market firmed on Thursday on the back of improved Malaysian palm oil exports, which lifted palm oil futures. Asking prices for palm oil were mostly offered between unchanged and $7.50 a tonne up from Wednesday.
Published 05 Feb, 2017 12:00am
US FOB Gulf corn offers weaker

US FOB Gulf corn offers weaker

Export premiums for corn shipped from the US Gulf Coast were mostly steady to weak on Thursday as increased farmer selling this week boosted supplies available to exporters and weighed down CIF barge basis values, traders said. Demand for corn was moderat
Published 05 Feb, 2017 12:00am
Saudi Arabia seeks to buy 1.5 million tonnes of feed barley

Saudi Arabia seeks to buy 1.5 million tonnes of feed barley

Saudi Arabia's main state wheat-buying agency, the Saudi Grains Organization (SAGO), has issued an international tender to purchase 1.5 million tonnes of animal feed barley, it said on Thursday. The tender deadline is February 3 and the result is expected
Published 05 Feb, 2017 12:00am
Asian naphtha cracks fall to 2-1/2-week low

Asian naphtha cracks fall to 2-1/2-week low

Asia's naphtha cracks fell to a two-and-a-half-week low of $100.50 a tonne on Thursday on strong Brent crude and as slightly more cargoes were seen available for prompt-month loading, trade and industry sources said. "Some traders could be offering more c
Published 05 Feb, 2017 12:00am
Russian oil output down by 100,000 bpd in January on global deal

Russian oil output down by 100,000 bpd in January on global deal

Russian oil output contracted in January by 100,000 barrels per day, led by decline at all the major domestic producers and following a global accord aimed at eliminating oversupply and supporting oil prices, Energy Ministry data showed on Thursday. Russi
Published 05 Feb, 2017 12:00am
US natural gas futures edge up on colder weather

US natural gas futures edge up on colder weather

US natural gas futures on Thursday edge up on some mixed forecasts calling for colder weather next week, while a report showing a weekly storage draw nearly matched estimates. Longer term, however, meteorologists forecast the weather would remain mostly w
Published 05 Feb, 2017 12:00am
India's gold demand picks up as jewellers resume post-budget buying

India's gold demand picks up as jewellers resume post-budget buying

Demand for gold in India rose this week as many jewellers resumed purchases after having stayed away for a few weeks hoping for an import duty cut in the government budget. On Wednesday, the Indian government presented its budget for the 2017/18 financial
Published 05 Feb, 2017 12:00am
European gasoline cracks weaken as US stocks rise

European gasoline cracks weaken as US stocks rise

Gasoline refining margins in northwest Europe weakened on Thursday, tracking US benchmark prices after a continued build in stocks in the New York Harbour. Gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell by
Published 05 Feb, 2017 12:00am
Indian rice prices rise on African demand

Indian rice prices rise on African demand

Rice prices in India advanced this week on higher demand from African buyers, while prices of the Vietnamese grain could fall soon on the prospect of rising supply as farmers start harvesting the Winter-Spring paddy later this month. India's 5 percent bro
Published 05 Feb, 2017 12:00am
US Midwest corn bids fall

US Midwest corn bids fall

Corn spot basis bids fell at processing plants in the western half of the US Midwest on Thursday, declining by as much as 8 cents per bushel in Cedar Rapids, Iowa, following a wave of farmer sales, grain merchants said.
Published 05 Feb, 2017 12:00am
Freight rates for large capesize dry cargo to hold steady

Freight rates for large capesize dry cargo to hold steady

Freight rates for large capesize dry cargo vessels on key Asian routes are likely to hold around the current levels next week on ample tonnage supply even as chartering activity is likely to increase following the end of the Chinese New Year holidays. "So
Published 05 Feb, 2017 12:00am
Vietnam's coffee market quiet on post holiday

Vietnam's coffee market quiet on post holiday

Vietnam's coffee market was quiet on its first trading day in the Lunar New Year, with no export deals, while Indonesian exporters no longer offered new contracts due to a lack of supply, traders said on Thursday. Vietnamese robusta grade 2, 5 percent bla
Published 05 Feb, 2017 12:00am
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