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Archive - 2017-03-05
Peshawar Zalmi crowned champions of PSL 2017
World Top News

Peshawar Zalmi crowned champions of PSL 2017

LAHORE: Peshawar Zalmi turn out to be the champions of the HBL Pakistan Super League 2017 after they beat Quetta Gladiators in the final by 58 runs at the Lahore Gadaffi Stadium.
Updated 06 Mar, 2017 11:26am
EU conservatives turn fury on Poland over Tusk challenge
Europe

EU conservatives turn fury on Poland over Tusk challenge

BRUSSELS: The leader of the centre-right bloc in the European Parliament threatened on Sunday to expel a Polish politician who has been nominated by Warsaw to replace fellow-Pole Donald Tusk as chair of European Union summit meetings.
Published 05 Mar, 2017 06:30pm
Against all odds, Pakistan appears stronger, more united: PM
Pakistan Top News

Against all odds, Pakistan appears stronger, more united: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Sunday said the nation has risen stronger, more united and more prosperous against all the odds, all the fear and division on the night of Pakistan Super League (PSL) final.
Published 05 Mar, 2017 05:16pm
PM takes aerial view of Gaddafi Stadium
Pakistan Top News

PM takes aerial view of Gaddafi Stadium

LAHORE: Prime Minister Muhammad Nawaz Sharif Sunday took aerial view of Gaddafi Stadium where final of second edition of Pakistan Super League (PSL) is being played.
Published 05 Mar, 2017 02:39pm
New wave of US air raids on Qaeda in Yemen
Middle East

New wave of US air raids on Qaeda in Yemen

ADEN: The United States on Sunday launched a new wave of air raids against Al-Qaeda in Yemen, as militants fled from towns being targeted to mountainous areas, security sources said.
Published 05 Mar, 2017 01:50pm
Blair quiet on Trump talks report
Europe

Blair quiet on Trump talks report

LONDON: A spokesman for Tony Blair refused to be drawn on a report Sunday that the former British prime minister wants to become US President Donald Trump's advisor on the Middle East.
Published 05 Mar, 2017 01:25pm
Scottish opposition insists no new independence vote
Europe

Scottish opposition insists no new independence vote

GLASGOW: Scotland's opposition leader insisted Saturday there should be no second referendum on Scottish independence, urging the governing nationalists to concentrate on making the best of Brexit rather than exploiting it for another secession push.
Published 05 Mar, 2017 01:13pm
Ukraine reaches preliminary agreement with IMF
World Top News

Ukraine reaches preliminary agreement with IMF

KIEV: The International Monetary Fund said Saturday it had reached a preliminary agreement with Ukraine that could see the war-scarred and cashed-starved nation receive fresh aid in the first half of the year.
Published 05 Mar, 2017 01:06pm
Tsipras warns Greek uncertainty 'not smart'
Europe

Tsipras warns Greek uncertainty 'not smart'

ATHENS: Drawing out Greece's troubled fiscal talks and creating uncertainty amid tough times for Europe is not a smart choice, Greek PM Alexis Tsipras warned on Sunday.
Published 05 Mar, 2017 09:50am
Jadeja strikes blow for India as Smith falls
Cricket

Jadeja strikes blow for India as Smith falls

BANGALORE: Left-arm spinner Ravindra Jadeja struck a key blow to remove Australia skipper Steve Smith as India took two wickets in a tight morning session on day two of the second Test on Sunday.
Published 05 Mar, 2017 07:06am
China's premier rules out Taiwan, Hong Kong independence
Asia

China's premier rules out Taiwan, Hong Kong independence

BEIJING: China will firmly oppose Taiwan "separatism", Premier Li Keqiang declared Sunday, following tension with US President Donald Trump over the island, and said Hong Kong independence moves would "lead nowhere".
Published 05 Mar, 2017 07:05am
66,000 displaced in recent north Syria fighting: UN
World Top News

66,000 displaced in recent north Syria fighting: UN

BEIRUT: A total of 66,000 people have been displaced by fighting along two fronts in Syria's fractured north, the United Nation's humanitarian coordination agency (OCHA) said Sunday.
Published 05 Mar, 2017 06:59am
PSL final today
Front Top News

PSL final today

LAHORE: Quetta and Peshawar will have a host of foreign players available for Sundays Pakistan Super League final in violence-hit Lahore despite security fears having already scared off a host of international stars.
Published 05 Mar, 2017 05:42am
Gambia's Barrow allows coup plotters back into army

Gambia's Barrow allows coup plotters back into army

Gambian President Adama Barrow has allowed six soldiers convicted of plotting a coup against former leader Yahya Jammeh back into the armed forces, a military source told AFP Saturday. Jammeh survived several coup attempts in his 22-year rule, with one of
Published 05 Mar, 2017 12:00am
Jordan hangs 15 convicts in rare mass execution

Jordan hangs 15 convicts in rare mass execution

Jordan hanged 15 death row prisoners including convicted "terrorists" at dawn on Saturday, its information minister said, in a further break with a moratorium on executions it observed between 2006 and 2014. Ten of those put to death had been convicted of
Published 05 Mar, 2017 12:00am
Mass South Korea rallies as final Park impeachment ruling looms

Mass South Korea rallies as final Park impeachment ruling looms

Tens of thousands of South Korean protesters held rival mass rallies Sunday over the impeachment of President Park Geun-Hye as judges prepare to rule on the scandal that has rocked the country. Park was impeached by parliament last December over a major i
Published 05 Mar, 2017 12:00am
Clock ticking for Northern Ireland rivals after fractious vote

Clock ticking for Northern Ireland rivals after fractious vote

Northern Ireland's main political parties on Saturday were facing a three-week deadline to mend fences after snap elections aimed at sorting out the bad blood between them left them deadlocked. If the pro-British Democratic Unionist Party (DUP) and Sinn F
Published 05 Mar, 2017 12:00am
Tens of thousands flee clashes between Syria army, IS

Tens of thousands flee clashes between Syria army, IS

Tens of thousands of Syrian civilians have fled ferocious fighting between Russian-backed regime forces and Islamic State group jihadists over the past week in the country's ravaged north. Supported by Russian air power and artillery, Syrian government fo
Published 05 Mar, 2017 12:00am
Air strikes kill 11 civilians in central Syria: monitor

Air strikes kill 11 civilians in central Syria: monitor

At least 11 civilians were killed and dozens more wounded on Saturday in air strikes on a central Syrian village that a monitor said were likely carried out by Russia. "The raids targeted a livestock market in the village of Oqayrabat, held by the Islamic
Published 05 Mar, 2017 12:00am
UK cinema-goers asked to become real-life 007s

UK cinema-goers asked to become real-life 007s

British film icon James Bond has entertained audiences for over five decades, but now the country's foreign intelligence agency is asking cinema-goers to become spies themselves. MI6 on Friday unveiled a 58-second advertisement - entitled "But She Can" -
Published 05 Mar, 2017 12:00am
Forces of east Libya strongman concede loss of oil port
Currency

Forces of east Libya strongman concede loss of oil port

The forces of eastern Libya's military strongman Khalifa Haftar conceded the loss on Saturday of a key oil export terminal they seized last year as fighting for the country's resource wealth intensifies. The capture of Ras Lanuf and the other three easter
Published 05 Mar, 2017 12:00am
Thai king's former aide jailed for royal defamation

Thai king's former aide jailed for royal defamation

A senior aide to Thailand's new King Maha Vajiralongkorn has been jailed for five and a half years for royal defamation and other offences, police said, the latest secrecy-shrouded downfall of a palace official. The verdict, handed down by a military cour
Published 05 Mar, 2017 12:00am
Philippine defence chief visits US carrier in South China Sea

Philippine defence chief visits US carrier in South China Sea

The Philippines' defence secretary on Saturday visited a US aircraft carrier patrolling the South China Sea, hailing the "strong relationship" with Washington despite President Rodrigo Duterte's pivot away from Manila's traditional ally. The US Navy said
Published 05 Mar, 2017 12:00am
Blast kills eight Afghan civilians

Blast kills eight Afghan civilians

At least eight Afghan civilians, including four children, were killed in a blast as they tried to escape fighting between Afghan forces and the Taliban, officials said Saturday. Some 22 others were injured in the explosion in the Bala Buluk district of Fa
Published 05 Mar, 2017 12:00am
Fillon battles to keep campaign afloat

Fillon battles to keep campaign afloat

French conservative candidate Francois Fillon battled to keep his presidential bid afloat on Saturday by unveiling his policy platform in the eye of a storm over a fake jobs scandal. Marking his 63rd birthday, Fillon is trying to turn the page on a nightm
Published 05 Mar, 2017 12:00am
Malaysia expels North Korea ambassador over Kim murder

Malaysia expels North Korea ambassador over Kim murder

Malaysia expelled North Korea's ambassador Saturday giving him 48 hours to leave the country as the diplomatic row deepened over the assassination of the half-brother of Pyongyang's leader in Kuala Lumpur. Kim Jong-Nam, 45, was poisoned last month at Kual
Published 05 Mar, 2017 12:00am
US suspends fast processing of high-tech visa applications

US suspends fast processing of high-tech visa applications

Foreigners aiming for temporary jobs at high-tech US companies will undergo a longer visa approval process after the Trump administration announced it will temporarily suspend expedited applications for H-1B visas. The US Citizenship and Immigration Servi
Published 05 Mar, 2017 12:00am
Bodies go unburied at election time in India's Manipur

Bodies go unburied at election time in India's Manipur

The body of Pausuan Lian has lain in a hospital mortuary for more than 500 days since he was shot dead during a land protest in India's Manipur state but his family is still refusing to allow his burial. "All nine martyrs, including my son, will stay in t
Published 05 Mar, 2017 12:00am
Lyon's career-best haul floors India in second Test

Lyon's career-best haul floors India in second Test

Off-spinner Nathan Lyon Saturday said he studied India's Ravichandran Ashwin to excel in Indian conditions after his career-best haul of eight wickets helped Australia take opening day honours in the second Test in Bangalore. Lyon, whose figures of 8-50 b
Published 05 Mar, 2017 12:00am
Ozil prays in Turkish during German anthem

Ozil prays in Turkish during German anthem

Arsenal midfielder Mesut Ozil has revealed in his autobiography that he prays in Turkish on the pitch during the German national anthem before international matches. "Just before kick-off, I pray. It's become a tradition of mine. It's always the same text
Published 05 Mar, 2017 12:00am
South Africa crush New Zealand, take series 3-2

South Africa crush New Zealand, take series 3-2

Faf du Plessis led South Africa to a resounding six-wicket victory over New Zealand in their crunch one-day international finale in Auckland Saturday to wrap up the series 3-2. South Africa needed less than 33 overs to overhaul New Zealand's 149 with du P
Published 05 Mar, 2017 12:00am
Pebble Breakers win Emporium Mall Polo

Pebble Breakers win Emporium Mall Polo

Pebble Breakers outran Master Paints (Black) by 7-5 1/2 to clinch the historical Emporium Mall Punjab Polo Cup played, here at the Lahore Polo Club ground on Saturday. Saqib Khan Khakwani was hero of the final as he hammered a hat-trick and was declared m
Published 05 Mar, 2017 12:00am
SNGPL squash championship opens

SNGPL squash championship opens

Second Sui Northern Gas Pipelines Limited National Squash Championship 2017's inauguration ceremony held on Friday, says a press issued here on Saturday. Championship will last till March 6th 2017. Managing Director SNGPL, Amjad Latif participated as chie
Published 05 Mar, 2017 12:00am
Jazz Golf concludes

Jazz Golf concludes

The Annual Jazz Golf Tournament, one of Pakistan's premium amateur golfing events has hosted its second round at the Defence Raya Golf Club, Lahore. The round witnessed participation from amateur golfers from amongst distinguished customers of Jazz and it
Published 05 Mar, 2017 12:00am
Trouble for Ibrahimovic as Man United held 1-1

Trouble for Ibrahimovic as Man United held 1-1

Zlatan Ibrahimovic was at the centre of controversy as Manchester United were held 1-1 by 10-man Bournemouth in an extraordinary Premier League match at Old Trafford on Saturday. Ibrahimovic, United's 26-goal top scorer, was fortunate not to be sent off b
Published 05 Mar, 2017 12:00am
Morgan century leads England to 45-run win

Morgan century leads England to 45-run win

Eoin Morgan's 10th one-day international century provided the batting foundation while seamers Liam Plunkett and Chris Woakes took four wickets each as England defeated the West Indies by 45 runs in the series opener on Friday. Extending an excellent run
Published 05 Mar, 2017 12:00am
Nadal roars into ATP Acapulco final

Nadal roars into ATP Acapulco final

Two-time champion Rafael Nadal raced past third-seeded Marin Cilic 6-1, 6-2 to reach the ATP Mexico Open final, where his perfect Acapulco record will be put to the test by Sam Querrey. Querrey ousted Nick Kyrgios 3-6, 6-1, 7-5 to bring the sixth-seeded A
Published 05 Mar, 2017 12:00am
Privatisation agency says disused airport project to go ahead

Privatisation agency says disused airport project to go ahead

A 7.9 billion euro plan to turn a derelict former Athens airport into one of Europe's biggest coastal resorts, included in Greece's latest international bailout, will go ahead despite recent delays, a senior privatisation agency official said on Saturday.
Published 05 Mar, 2017 12:00am
Shared bikes grind Shanghai's gears

Shared bikes grind Shanghai's gears

Shanghai has impounded thousands of brightly coloured bikes placed on city streets by cycle-sharing companies, in the latest sign of impatience with an explosion of the haphazardly-parked two-wheelers. The bike-sharing sector has become one of the fastest
Published 05 Mar, 2017 12:00am
China's New Hope moves into soyabean crushing with Cargill

China's New Hope moves into soyabean crushing with Cargill

Chinese agribusiness group New Hope plans to build its first soyabean crushing plant in China's Hebei province in a joint venture with Cargill, its chairman Liu Yonghao said on Saturday. New Hope and provincial state companies will own 51 percent of the p
Published 05 Mar, 2017 12:00am
Canada's Hydro One in talks to buy Toronto Hydro

Canada's Hydro One in talks to buy Toronto Hydro

Canada's Hydro One Ltd is in talks to buy municipal electricity distributor Toronto Hydro Corp for about C$3 billion ($2.2 billion) as the city of Toronto explores options to finance various infrastructure projects, people with knowledge of the matter tol
Published 05 Mar, 2017 12:00am
Deutsche Boerse blames Britain for failed LSE tie-up

Deutsche Boerse blames Britain for failed LSE tie-up

Deutsche Boerse Chairman Joachim Faber has put the blame for a failed tie-up with the London Stock Exchange on Britain and its vote to leave the European Union. The London Stock Exchange last week effectively scuppered a planned merger with Deutsche Boers
Published 05 Mar, 2017 12:00am
Sri Lanka's drought won't hit budget deficit: finance minister

Sri Lanka's drought won't hit budget deficit: finance minister

The worst drought to hit Sir Lanka in 40 years may cost the government up to 40 billion rupees ($264.7 million), but shoud not worsen the fiscal deficit, Finance Minister Ravi Karunanayake said on Friday. Sri Lanka has already decided to import its staple
Published 05 Mar, 2017 12:00am
Aberdeen exploring options for tie-up with Standard Life

Aberdeen exploring options for tie-up with Standard Life

Scottish fund manager Aberdeen Asset Management is exploring possible options for a tie-up with insurer Standard Life, Sky News reported on Saturday, in a deal which could total 11 billion pounds ($13.52 billion). The deal could involve a full merger or a
Published 05 Mar, 2017 12:00am
Aberdeen exploring options for tie-up with Standard Life

Aberdeen exploring options for tie-up with Standard Life

Scottish fund manager Aberdeen Asset Management is exploring possible options for a tie-up with insurer Standard Life, Sky News reported on Saturday, in a deal which could total 11 billion pounds ($13.52 billion). The deal could involve a full merger or a
Published 05 Mar, 2017 12:00am
Peugeot poised to buy GM's Opel, creating European car giant

Peugeot poised to buy GM's Opel, creating European car giant

France's PSA Group is set to announce a deal to buy Opel from General Motors on Monday after striking an agreement with the US carmaker and winning the blessing of its board for the acquisition. The maker of Peugeot, Citroen and DS cars said on Saturday i
Published 05 Mar, 2017 12:00am
Secret Uber software steers drivers from stings

Secret Uber software steers drivers from stings

Uber on Friday acknowledged the use of a secret software program to steer drivers away from trouble, including sting operations by local authorities to catch law-breakers. In the latest in a streak of damaging news for the ridesharing giant, Uber came for
Published 05 Mar, 2017 12:00am
Pollution from rigged German Volkswagens to kill 1,200

Pollution from rigged German Volkswagens to kill 1,200

Pollution from 2.6 million Volkswagen cars sold in Germany between 2008 and 2015, rigged to appear eco-friendly, will cause 1,200 premature deaths in Europe, a study of the fraud's health impacts said Friday. "The researchers estimate that 1,200 people in
Published 05 Mar, 2017 12:00am
Yuan, rupee outlook sours on Fed interest rate hike bets
Currency

Yuan, rupee outlook sours on Fed interest rate hike bets

The Chinese yuan and the Indian rupee are expected to weaken, although less than previously thought, reversing recent gains as rising chances of a US interest rate hike this month boost the dollar, a Reuters poll found. Since the start of the year, most A
Published 05 Mar, 2017 12:00am
China forex regulator urges further open domestic FX market

China forex regulator urges further open domestic FX market

China will create an open, competitive domestic foreign exchange market and should let a flexible exchange rate mechanism regulate the impact of cross-border capital flows, a deputy head of its foreign exchange regulator has said. China should also let th
Published 05 Mar, 2017 12:00am
Trump administration's dollar policy not clear: FX strategists
Currency

Trump administration's dollar policy not clear: FX strategists

The Trump administration's dollar policy is not clear, and the currency's further near-term strength will depend mainly on the speed of Federal Reserve interest-rate hikes, according to a majority of foreign exchange strategists polled by Reuters. Since 2
Published 05 Mar, 2017 12:00am
Speculators cut net long US dollars to five-month low

Speculators cut net long US dollars to five-month low

Speculators reduced bullish bets on the US dollar in the latest week, pushing net longs to their lowest since early October, according to Commodity Futures Trading Commission data released on Friday and calculations by Reuters. The value of the dollar's n
Published 05 Mar, 2017 12:00am
Hong Kong Exchange Fund assets HK$3.78 trillion
Currency

Hong Kong Exchange Fund assets HK$3.78 trillion

Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$3,776.2 billion ($486.54 billion) at the end of January, the Hong Kong Monetary Authority (HKMA) said on Tuesday. The figure was HK$146.2 billion higher than the total at
Published 05 Mar, 2017 12:00am
Hong Kong Exchange Fund assets HK$3.78 trillion
Currency

Hong Kong Exchange Fund assets HK$3.78 trillion

Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$3,776.2 billion ($486.54 billion) at the end of January, the Hong Kong Monetary Authority (HKMA) said on Tuesday. The figure was HK$146.2 billion higher than the total at
Published 05 Mar, 2017 12:00am
Dollar slips as Yellen signals rate rise
Currency

Dollar slips as Yellen signals rate rise

The dollar slipped against a basket of major currencies on Friday after Federal Reserve Chair Janet Yellen said that raising interest rates this month would be appropriate as long as the economy continues to improve as expected. Yellen's remarks follow ha
Published 05 Mar, 2017 12:00am
Forex brokers eye US market as Trump vows to deregulate
Currency

Forex brokers eye US market as Trump vows to deregulate

Retail currency brokers are considering operating in the United States after a nearly seven-year absence, if President Donald Trump is able to carry through on his pledge to deregulate financial markets. The prospect of lighter regulations has revived int
Published 05 Mar, 2017 12:00am
Oil gain helps stronger Canadian dollar
Currency

Oil gain helps stronger Canadian dollar

The Canadian dollar made a slight gain against its US counterpart on Friday but posted its sharpest weekly decline versus the greenback since May as the two countries' central banks extended the divergence in their policy views. The loonie, as the Canadia
Published 05 Mar, 2017 12:00am
Norway cuts crown purchases
Currency

Norway cuts crown purchases

Norway's central bank will reduce its daily sale of foreign currency in March, it said on Tuesday. The bank will sell foreign exchange equivalent to 850 million Norwegian crowns per day. In February the level was 1.0 billion crowns per day. In order to ma
Published 05 Mar, 2017 12:00am
Wall Street steady after Yellen signals rate hike this month

Wall Street steady after Yellen signals rate hike this month

The S&P 500 and Nasdaq closed out their sixth straight week of gains with a flat session after Janet Yellen signaled the Federal Reserve is set to raise interest rates this month if employment and other economic data hold up. Strategists said the Fed Chai
Published 05 Mar, 2017 12:00am
Mideast funds bullish on Saudi stocks; earnings may have turned corner

Mideast funds bullish on Saudi stocks; earnings may have turned corner

Middle East fund managers have turned more bullish towards Saudi Arabian equities on hopes that corporate earnings may finally have bottomed out after a slide due to low oil prices, a monthly Reuters poll found. The poll of 13 leading fund managers, condu
Published 05 Mar, 2017 12:00am
Mideast funds bullish on Saudi stocks; earnings may have turned corner

Mideast funds bullish on Saudi stocks; earnings may have turned corner

Middle East fund managers have turned more bullish towards Saudi Arabian equities on hopes that corporate earnings may finally have bottomed out after a slide due to low oil prices, a monthly Reuters poll found. The poll of 13 leading fund managers, condu
Published 05 Mar, 2017 12:00am
Snap's shares pop after year's biggest IPO

Snap's shares pop after year's biggest IPO

Snap Inc's shares ended up 44 percent on their first day of trading as investors flocked to buy into the hottest technology stock offering in three years, overcoming doubts about the loss-making messaging app company's slowing user growth.
Published 05 Mar, 2017 12:00am
Snap's shares pop after year's biggest IPO

Snap's shares pop after year's biggest IPO

Snap Inc's shares ended up 44 percent on their first day of trading as investors flocked to buy into the hottest technology stock offering in three years, overcoming doubts about the loss-making messaging app company's slowing user growth.
Published 05 Mar, 2017 12:00am
US yields post largest weekly rise since mid-November

US yields post largest weekly rise since mid-November

US Treasury yields rose on Friday, with 2-year notes touching a fresh 7-1/2-year high and other maturities hitting multiweek peaks as statements from Federal Reserve officials including Chair Janet Yellen appeared supportive of an increase to US overnight
Published 05 Mar, 2017 12:00am
US yields post largest weekly rise since mid-November

US yields post largest weekly rise since mid-November

US Treasury yields rose on Friday, with 2-year notes touching a fresh 7-1/2-year high and other maturities hitting multiweek peaks as statements from Federal Reserve officials including Chair Janet Yellen appeared supportive of an increase to US overnight
Published 05 Mar, 2017 12:00am
High-spirited investors buy US stock funds for fifth week in a row

High-spirited investors buy US stock funds for fifth week in a row

Investors piled into riskier assets again in the latest week, pouring cash into US-based funds invested in stocks and bonds girded against inflation, Lipper data showed on Thursday. US-based funds invested in stocks pulled in $7.3 billion during the week
Published 05 Mar, 2017 12:00am
High-spirited investors buy US stock funds for fifth week in a row

High-spirited investors buy US stock funds for fifth week in a row

Investors piled into riskier assets again in the latest week, pouring cash into US-based funds invested in stocks and bonds girded against inflation, Lipper data showed on Thursday. US-based funds invested in stocks pulled in $7.3 billion during the week
Published 05 Mar, 2017 12:00am
China opens bond market a little more, but concerns linger

China opens bond market a little more, but concerns linger

China's move to open its derivatives market to foreign bond investors could help counter outflows but lingering concerns about capital controls are keeping offshore investors cautious. The authorities have redoubled efforts to lure overseas investors and
Published 05 Mar, 2017 12:00am
China opens bond market a little more, but concerns linger

China opens bond market a little more, but concerns linger

China's move to open its derivatives market to foreign bond investors could help counter outflows but lingering concerns about capital controls are keeping offshore investors cautious. The authorities have redoubled efforts to lure overseas investors and
Published 05 Mar, 2017 12:00am
European funds cut equities, French debt on election jitters
Currency

European funds cut equities, French debt on election jitters

Fearful of a right-wing resurgence in upcoming elections, European investors have cut euro zone equity holdings to two-year lows and say they are hedging risks via options, gold and short positions on French bonds. Participants in Reuters' latest monthly
Published 05 Mar, 2017 12:00am
European funds cut equities, French debt on election jitters
Currency

European funds cut equities, French debt on election jitters

Fearful of a right-wing resurgence in upcoming elections, European investors have cut euro zone equity holdings to two-year lows and say they are hedging risks via options, gold and short positions on French bonds. Participants in Reuters' latest monthly
Published 05 Mar, 2017 12:00am
TSX notches one-week high

TSX notches one-week high

Canada's main stock index rose on Friday to its highest close in a week as oil prices gained and Federal Reserve Chair Janet Yellen pointed to a US interest rate hike this month, while investors embraced recent strengthening of the Canadian economy. The T
Published 05 Mar, 2017 12:00am
UK banks need to build operations in EU post-Brexit: ECB

UK banks need to build operations in EU post-Brexit: ECB

Banks based in Britain seeking to do business in the European Union after Brexit should apply early for a licence to set up actual operations and not "empty shells", European Central Bank supervisor Sabine Lautenschlaeger said on Thursday. In the stronges
Published 05 Mar, 2017 12:00am
Sterling Bank drops M&A plans for retail-driven growth

Sterling Bank drops M&A plans for retail-driven growth

Sterling Bank will abandon plans to buy a rival because of the high costs of doing an acquisition and focus instead on organic growth driven by retail customers, its chief financial officer said. Sterling's strategic plan had been to buy another Nigerian
Published 05 Mar, 2017 12:00am
South Korea's February inflation pulls back, demand seen slack

South Korea's February inflation pulls back, demand seen slack

South Korea's inflation slowed slightly in February from the previous month as price pressures stayed largely muted, data showed on Friday, giving the central bank some space to cut rates if needed amid growing economic risks. The consumer price index in
Published 05 Mar, 2017 12:00am
Austria's OMV sells Petrol Ofisi to Vitol for $1.45 billion

Austria's OMV sells Petrol Ofisi to Vitol for $1.45 billion

Austrian oil and gas group OMV has announced the sale of its Turkish subsidiary Petrol Ofisi to Swiss oil trading giant Vitol for 1.368 billion euros ($1.45 billion). OMV had put its Turkish subsidiary up for sale a year ago in the context of plunging cru
Published 05 Mar, 2017 12:00am
Malaysia exports surge 13.6 percent

Malaysia exports surge 13.6 percent

Malaysia's January exports rose for a third consecutive month, surging by the its fastest pace in more than a year due to strong demand for commodities and manufactured goods, government data showed on Friday. Exports in January expanded 13.6 percent from
Published 05 Mar, 2017 12:00am
Deutsche Bank board to discuss capital hike

Deutsche Bank board to discuss capital hike

Deutsche Bank's supervisory board will meet on Sunday to discuss plans for a potential capital increase of around 8 billion euros ($8.5 billion), two sources familiar with the matter said on Saturday. Germany's biggest bank said on Friday it was preparing
Published 05 Mar, 2017 12:00am
India finalises bills to launch new sales tax in July

India finalises bills to launch new sales tax in July

India moved a step closer on Saturday towards launching a new national sales tax from July after a panel of federal and state finance officials finalised two key bills to be put before parliament. The Goods and Services Tax (GST) has missed several launch
Published 05 Mar, 2017 12:00am
France to encourage banks to work with Iran: minister

France to encourage banks to work with Iran: minister

France wants to encourage the "normalisation" of banking relations with Iran to improve economic relations with the Islamic republic, French Economy Minister Michel Sapin said Saturday in Tehran. "We can't work on developing our economic relations if we d
Published 05 Mar, 2017 12:00am
More than 100 million at risk of starvation globally: UN official

More than 100 million at risk of starvation globally: UN official

The number of people facing severe hunger worldwide has surpassed 100 million and will grow if humanitarian aid is not paired with more support for farmers, a senior United Nations official said. Dominique Burgeon, director of the emergency division at th
Published 05 Mar, 2017 12:00am
German services sector growth strengthens

German services sector growth strengthens

Growth in Germany's services sector accelerated in February after weakening to a four-month low at the start of the year, a survey showed on Friday, suggesting Europe's largest economy will post healthy growth in the first quarter. Markit's final services
Published 05 Mar, 2017 12:00am
Nintendo Switch console goes on sale in strategy reboot

Nintendo Switch console goes on sale in strategy reboot

Nintendo's Switch console went on sale Friday in a global launch seen as key to the Japanese videogame giant reversing flagging sales and moving past the failure of its last console, the Wii U. The $299 unit, which works both at home and on the go, blends
Published 05 Mar, 2017 12:00am
Opec compliance with oil curbs rises to 94 percent in February

Opec compliance with oil curbs rises to 94 percent in February

Opec has cut its oil output for a second month in February, a Reuters survey found on Tuesday, allowing the exporter group to boost already strong compliance with agreed supply curbs on the back of a steep reduction by Saudi Arabia. The Organization of th
Published 05 Mar, 2017 12:00am
Stop-start cars push battery metal lead into investors' focus

Stop-start cars push battery metal lead into investors' focus

Investors are starting to focus on lead due to the large amounts of the metal in batteries used in increasingly popular stop-start cars produced by automakers aiming to comply with stringent new emissions legislation. In stop-start autos the engine automa
Published 05 Mar, 2017 12:00am
EU sees soft wheat crop rising to 143 million tonnes in 2017-18

EU sees soft wheat crop rising to 143 million tonnes in 2017-18

Soft wheat production in the European Union is expected to rise 6.5 percent next season, driven by a sharp rebound in France after a poor crop last year, the EU's executive said. In a first crop outlook for 2017/18 posted on its website, the European Comm
Published 05 Mar, 2017 12:00am
Cuban raw sugar output tops one million tonnes so far

Cuban raw sugar output tops one million tonnes so far

Cuba said on Tuesday it had produced one million tonnes of raw sugar so far in the 2016-2017 harvest season, toward an estimated goal of just over 2 million tonnes. Liobel Perez Hernandez, spokesperson for AZCUBA, the state-run sugar monopoly, told the st
Published 05 Mar, 2017 12:00am
Wilmar seen buying record ICE March raw sugar contract

Wilmar seen buying record ICE March raw sugar contract

Wilmar International Ltd bought a record amount of raw sugar against the ICE March contract that expired on Tuesday, with the sweetener coming from eight countries, according to exchange data and traders. The delivery, worth more than $510 million, was a
Published 05 Mar, 2017 12:00am
ICE talks to former LME chief about new metals platform

ICE talks to former LME chief about new metals platform

Intercontinental Exchange (ICE) is looking into setting up a London-based metals trading system, industry sources familiar with the matter said, more than four years after its ailed attempt to buy the London Metal Exchange The sources said New York-listed
Published 05 Mar, 2017 12:00am
Zinc rally may have further to run as supply shortfall bites

Zinc rally may have further to run as supply shortfall bites

London zinc prices have nearly doubled over the past 13 months and are closing in on nine-year highs, but signs of tightening in the global market for refined zinc means the rally may have further to run. Zinc bulls pushed prices higher after the closure
Published 05 Mar, 2017 12:00am
Ivory Coast rains bode well for cocoa mid-crop

Ivory Coast rains bode well for cocoa mid-crop

Good rains in the last week in most of Ivory Coast's main cocoa growing regions are a positive sign for the development of the mid-crop but hot weather could hurt it, farmers said on Monday. The dry season in the world's top cocoa producer runs from mid-N
Published 05 Mar, 2017 12:00am
LME stocks raid opens new chapter in zinc bull narrative

LME stocks raid opens new chapter in zinc bull narrative

The next chapter of zinc's bull market story has just opened with a mass raid on metal sitting in London Metal Exchange (LME) warehouses. More than 100,000 tonnes of exchange stocks have been cancelled in the space of a couple of weeks, meaning the metal
Published 05 Mar, 2017 12:00am
Cotton prices higher on strong demand
Cotton

Cotton prices higher on strong demand

Prices maintained rising trend on the cotton market on Saturday in the process of trading, dealers said. The official spot rate was higher by Rs 50 to Rs 6750, they said. In Punjab prices of phutti were unchanged at Rs 3500-3750, as per 40 kg, they said.
Published 05 Mar, 2017 12:00am
Rice prices stable in India, Vietnam on weak demand

Rice prices stable in India, Vietnam on weak demand

Rice prices were stable in India and Vietnam on weak demand while in Thailand they widened on talk of trades being done, traders said on Thursday. India's 5 percent broken parboiled rice prices were steady at $373-$378 per tonne as exporter demand remaine
Published 05 Mar, 2017 12:00am
Iran seeks to buy 60,000 tonnes of Brazilian raw sugar

Iran seeks to buy 60,000 tonnes of Brazilian raw sugar

Iran's state purchasing agency the Government Trading Corporation of Iran (GTC) is tendering to buy 60,000 tonnes of Brazilian raw cane sugar in another sign that the country aims to boost stocks, European traders said on Thursday. Last week, trade source
Published 05 Mar, 2017 12:00am
Vietnam's coffee discounts shrink, Indonesia's premiums flat

Vietnam's coffee discounts shrink, Indonesia's premiums flat

Discounts for Vietnamese coffee narrowed this week in quiet trading as farmers held back supplies, while prices remained stable in Indonesia on limited supply, traders said on Thursday. Coffee prices in Daklak, Vietnam's largest growing province rose to 4
Published 05 Mar, 2017 12:00am
CBOT wheat futures fall on technical selling

CBOT wheat futures fall on technical selling

Wheat futures on the Chicago Board of Trade closed lower on Thursday on technical selling and profit-taking after the benchmark May contract reached a 1-1/2-week high in early moves, traders said. The May contract settled down 4-1/4 cents at $4.52-3/4 per
Published 05 Mar, 2017 12:00am
CBOT soyabeans lower on profit-taking

CBOT soyabeans lower on profit-taking

Chicago Board of Trade soyabean futures fell Thursday on technical selling and profit-taking after a two-session climb, and on the expanding harvest of a projected record-large Brazilian crop, traders said. CBOT May soyabeans settled down 14-1/2 cents at
Published 05 Mar, 2017 12:00am
Palm oil prices mixed on European vegoils market

Palm oil prices mixed on European vegoils market

Offer prices for palm oil in Europe were mixed on Thursday, supported by strong Malaysian palm oil futures early in the day but dragged off their highs by weaker CBOT soyoil futures later. Asking prices for palm oil were between $5 a tonne up and $5 down
Published 05 Mar, 2017 12:00am
European gasoline margins fall as US stocks high

European gasoline margins fall as US stocks high

Gasoline refining margins in northwest Europe extended falls on Thursday as historically high stocks in the United States continued to limit transatlantic arbitrage, sending cargoes instead to West Africa. Europe's gasoline exports to West Africa climbed
Published 05 Mar, 2017 12:00am
Russia plans to export part of state grain stockpile

Russia plans to export part of state grain stockpile

Russia, one of the world's largest wheat exporters, is considering exporting part of its 4 million tonne state grain stockpile to free up storage space before the new crop arrives, industry sources said. Russia's storage capacity is buckling after the cou
Published 05 Mar, 2017 12:00am
Soyabeans loading delayed at Brazil's northern ports

Soyabeans loading delayed at Brazil's northern ports

At least 11 ships are facing delays in loading soyabeans at Brazil's northern ports after rains washed out roads and disrupted the progress of trucks carrying beans from the center-west region, Brazilian officials said on Thursday. Agriculture Minister Bl
Published 05 Mar, 2017 12:00am
European wheat prices rise to seven-month high

European wheat prices rise to seven-month high

European wheat prices rose on Thursday for a third day in succession to a new seven-month high, as US futures held on to Wednesday's sharp gains and the euro eased against the dollar. Some traders expressed surprise, however, at the latest rise given a ba
Published 05 Mar, 2017 12:00am
Asian naphtha crack falls to 10-week low

Asian naphtha crack falls to 10-week low

Asia's naphtha crack dived for the second straight day on Thursday to hit $66.50 a tonne, the lowest since December 21 last year as gasoline weakness in the West and falling alternative liquefied petroleum gas (LPG) prices weighed on the market, traders s
Published 05 Mar, 2017 12:00am
Rains help Argentina's freshly planted soya

Rains help Argentina's freshly planted soya

Growing conditions in Argentina's main soya belt were helped over the previous seven days by showers in areas that had suffered from a lack of ground moisture, the Buenos Aires Grains exchange said on Thursday in its weekly crop report. "Rain in the centr
Published 05 Mar, 2017 12:00am
Israeli group to buy grains

Israeli group to buy grains

A group of Israeli private buyers has issued international tenders to purchase up to 85,000 tonnes of corn, 45,000 tonnes of feed wheat and 30,000 tonnes of feed barley all from optional origins, European traders said on Tuesday. The tenders close on Marc
Published 05 Mar, 2017 12:00am
Canadian canola futures down

Canadian canola futures down

ICE Canadian canola futures fell Thursday on farmer selling after Wednesday's climb and spillover weakness from declines in allied US soy markets, traders said. March canola fell $3 at $532.40 per tonne. ICE reported 103 deliveries. Most-active May canola
Published 05 Mar, 2017 12:00am
Freight rates for large capesize dry cargo to stay rangebound

Freight rates for large capesize dry cargo to stay rangebound

Freight rates for large capesize dry cargo vessels on key Asian routes could remain rangebound next week as abundant tonnage puts a ceiling on freight rates even as some owners resist attempts by charterers to push rates lower, brokers said. "I expect the
Published 05 Mar, 2017 12:00am
Brazilian oil exports hit new record in February

Brazilian oil exports hit new record in February

Brazilian oil exports hit their second consecutive record in February with shipments almost double the level of the same period in 2016, as new offshore production continues to come on stream, government data showed on Thursday. Oil exports rose to 6.23 m
Published 05 Mar, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (March 04, 2017).

Published 05 Mar, 2017 12:00am
THE RUPEE: firmness persists
Currency

THE RUPEE: firmness persists

The rupee held its present firmness against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee managed to hold overnight levels against the dollar for buying and selling at Rs 107.00 and Rs 107.20 respectively, h
Published 05 Mar, 2017 12:00am
THE RUPEE: firmness persists
Currency

THE RUPEE: firmness persists

The rupee held its present firmness against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee managed to hold overnight levels against the dollar for buying and selling at Rs 107.00 and Rs 107.20 respectively, h
Published 05 Mar, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 04, 2017).

Published 05 Mar, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 04, 2017).

Published 05 Mar, 2017 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (March 04, 2017).

Published 05 Mar, 2017 12:00am
Hides and skins rates

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 04, 2017).

Published 05 Mar, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (March 04, 2017)

Published 05 Mar, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 04, 2017).

Published 05 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 04, 2017).

Published 05 Mar, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (March 04, 2017) and the forecast for Sunday (March 05, 2017).

Published 05 Mar, 2017 12:00am
PSL final today

PSL final today

Quetta and Peshawar will have a host of foreign players available for Sunday's Pakistan Super League final in violence-hit Lahore despite security fears having already scared off a host of international stars. Quetta Gladiators had already seen English tr
Published 05 Mar, 2017 12:00am
Circular debt reaches Rs 414 billion

Circular debt reaches Rs 414 billion

The power sector circular debt has again reached Rs 414 billion as on February 15, 2017. The new figures of circular debt emerged two weeks after the Economic Co-ordination Committee (ECC) of the Cabinet headed by Finance Minister Ishaq Dar, appreciated t
Published 05 Mar, 2017 12:00am
Cotton production target missed by 25 percent
Cotton

Cotton production target missed by 25 percent

Pakistan has missed the cotton production target by around 25 per cent as the production has been recorded at 10.5 million bales against the set target of 14.1 million bales for 2016-17, it is learnt. Official sources revealed toBusiness Recorder h
Published 05 Mar, 2017 12:00am
Cotton production target missed by 25 percent
Cotton

Cotton production target missed by 25 percent

Pakistan has missed the cotton production target by around 25 per cent as the production has been recorded at 10.5 million bales against the set target of 14.1 million bales for 2016-17, it is learnt. Official sources revealed toBusiness Recorder h
Published 05 Mar, 2017 12:00am
Cotton production target missed by 25 percent
Cotton

Cotton production target missed by 25 percent

Pakistan has missed the cotton production target by around 25 per cent as the production has been recorded at 10.5 million bales against the set target of 14.1 million bales for 2016-17, it is learnt. Official sources revealed toBusiness Recorder h
Published 05 Mar, 2017 12:00am
Trump accuses Obama of 'tapping' his phone during campaign

Trump accuses Obama of 'tapping' his phone during campaign

President Donald Trump on Saturday accused his predecessor Barack Obama of "tapping" his phone during last year's White House campaign, without providing evidence of the explosive charge. "I'd bet a good lawyer could make a great case out of the fact that
Published 05 Mar, 2017 12:00am
Trump accuses Obama of 'tapping' his phone during campaign

Trump accuses Obama of 'tapping' his phone during campaign

President Donald Trump on Saturday accused his predecessor Barack Obama of "tapping" his phone during last year's White House campaign, without providing evidence of the explosive charge. "I'd bet a good lawyer could make a great case out of the fact that
Published 05 Mar, 2017 12:00am
Pak-Afghan border closure: US maintaining meaningful silence

Pak-Afghan border closure: US maintaining meaningful silence

The United States continues to remain silent amid prevailing tensions between Pakistan and Afghanistan, with no immediate indication of the reopening of the Pak-Afghan border which was closed following the recent spate of terror attacks in the country. Th
Published 05 Mar, 2017 12:00am
Pak-Afghan border closure: US maintaining meaningful silence

Pak-Afghan border closure: US maintaining meaningful silence

The United States continues to remain silent amid prevailing tensions between Pakistan and Afghanistan, with no immediate indication of the reopening of the Pak-Afghan border which was closed following the recent spate of terror attacks in the country. Th
Published 05 Mar, 2017 12:00am
China defence spending to rise around seven percent

China defence spending to rise around seven percent

China will raise defence spending "around seven percent" this year as it guards against "outside meddling" in its disputed regional territorial claims, a top official said Saturday, in an apparent reference to Washington. Just days after US President Dona
Published 05 Mar, 2017 12:00am
China defence spending to rise around seven percent

China defence spending to rise around seven percent

China will raise defence spending "around seven percent" this year as it guards against "outside meddling" in its disputed regional territorial claims, a top official said Saturday, in an apparent reference to Washington. Just days after US President Dona
Published 05 Mar, 2017 12:00am
PPP still reluctant to back extension of military courts

PPP still reluctant to back extension of military courts

Pakistan People's Party Parliamentarians (PPPP) Saturday expressed its reservations over the revival of military courts and announced that it would prepare a draft of legislation on the courts for presenting it to the Parliament as an alternative to the b
Published 05 Mar, 2017 12:00am
PPP still reluctant to back extension of military courts

PPP still reluctant to back extension of military courts

Pakistan People's Party Parliamentarians (PPPP) Saturday expressed its reservations over the revival of military courts and announced that it would prepare a draft of legislation on the courts for presenting it to the Parliament as an alternative to the b
Published 05 Mar, 2017 12:00am
2012 to 2016: Assets in Islamic banking jump to Rs 1.6 trillion

2012 to 2016: Assets in Islamic banking jump to Rs 1.6 trillion

The assets in Islamic banking have doubled from 2012 to 2016, jumping from Rs 837 billion to Rs 1.6 trillion, now accounting for 11.7 per cent of the total banking assets. There is an even stronger growth of Islamic assets in the non-bank financial instit
Published 05 Mar, 2017 12:00am
2012 to 2016: Assets in Islamic banking jump to Rs 1.6 trillion

2012 to 2016: Assets in Islamic banking jump to Rs 1.6 trillion

The assets in Islamic banking have doubled from 2012 to 2016, jumping from Rs 837 billion to Rs 1.6 trillion, now accounting for 11.7 per cent of the total banking assets. There is an even stronger growth of Islamic assets in the non-bank financial instit
Published 05 Mar, 2017 12:00am
2012 to 2016: Assets in Islamic banking jump to Rs 1.6 trillion

2012 to 2016: Assets in Islamic banking jump to Rs 1.6 trillion

The assets in Islamic banking have doubled from 2012 to 2016, jumping from Rs 837 billion to Rs 1.6 trillion, now accounting for 11.7 per cent of the total banking assets. There is an even stronger growth of Islamic assets in the non-bank financial instit
Published 05 Mar, 2017 12:00am
2012 to 2016: Assets in Islamic banking jump to Rs 1.6 trillion

2012 to 2016: Assets in Islamic banking jump to Rs 1.6 trillion

The assets in Islamic banking have doubled from 2012 to 2016, jumping from Rs 837 billion to Rs 1.6 trillion, now accounting for 11.7 per cent of the total banking assets. There is an even stronger growth of Islamic assets in the non-bank financial instit
Published 05 Mar, 2017 12:00am
NPLs decline to eight-year low

NPLs decline to eight-year low

Non-Performing Loans (NPLs) to total loans ratio has declined to an eight years' low level of 10.1 percent end of December 2016 mainly supported by strong recoveries. The State Bank of Pakistan in its Quarterly Performance Review (QPR) of the Banking Sect
Published 05 Mar, 2017 12:00am
NPLs decline to eight-year low

NPLs decline to eight-year low

Non-Performing Loans (NPLs) to total loans ratio has declined to an eight years' low level of 10.1 percent end of December 2016 mainly supported by strong recoveries. The State Bank of Pakistan in its Quarterly Performance Review (QPR) of the Banking Sect
Published 05 Mar, 2017 12:00am
NPLs decline to eight-year low

NPLs decline to eight-year low

Non-Performing Loans (NPLs) to total loans ratio has declined to an eight years'' low level of 10.1 percent end of December 2016 mainly supported by strong recoveries. The State Bank of Pakistan in its Quarterly Performance Review (QPR) of the Banking Sec
Published 05 Mar, 2017 12:00am
Excise duty major contributor to increase in revenue, ECC told

Excise duty major contributor to increase in revenue, ECC told

The Finance Division has reportedly informed the Economic Co-ordination Committee (ECC) of the Cabinet that major contribution to 7.6 percent increase in revenue collection during the first seven months of the current fiscal year was largely owing to high
Published 05 Mar, 2017 12:00am
Excise duty major contributor to increase in revenue, ECC told

Excise duty major contributor to increase in revenue, ECC told

The Finance Division has reportedly informed the Economic Co-ordination Committee (ECC) of the Cabinet that major contribution to 7.6 percent increase in revenue collection during the first seven months of the current fiscal year was largely owing to high
Published 05 Mar, 2017 12:00am
Excise duty major contributor to increase in revenue, ECC told

Excise duty major contributor to increase in revenue, ECC told

The Finance Division has reportedly informed the Economic Co-ordination Committee (ECC) of the Cabinet that major contribution to 7.6 percent increase in revenue collection during the first seven months of the current fiscal year was largely owing to high
Published 05 Mar, 2017 12:00am
Order passed against FTO: LHC issues notice to President

Order passed against FTO: LHC issues notice to President

The Lahore High Court (LHC) has issued a notice to President of Pakistan in response to a petition wherein an order passed by the President against Federal Tax Ombudsman (FTO) has been challenged on the grounds that the President has no power to condone t
Published 05 Mar, 2017 12:00am
Order passed against FTO: LHC issues notice to President

Order passed against FTO: LHC issues notice to President

The Lahore High Court (LHC) has issued a notice to President of Pakistan in response to a petition wherein an order passed by the President against Federal Tax Ombudsman (FTO) has been challenged on the grounds that the President has no power to condone t
Published 05 Mar, 2017 12:00am
Order passed against FTO: LHC issues notice to President

Order passed against FTO: LHC issues notice to President

The Lahore High Court (LHC) has issued a notice to President of Pakistan in response to a petition wherein an order passed by the President against Federal Tax Ombudsman (FTO) has been challenged on the grounds that the President has no power to condone t
Published 05 Mar, 2017 12:00am
Shoe hurled at Sheikh Rashid in Lahore

Shoe hurled at Sheikh Rashid in Lahore

A shoe was hurled at Awami Muslim League leader Sheikh Rashid Ahmed at Lahore railway station on Saturday. The AML leader reached Lahore to watch Pakistan Super League (PSL) final between Peshawar Zalmi and Quetta Gladiators today. Upon his arrival at Lah
Published 05 Mar, 2017 12:00am
ISI man tortured to death

ISI man tortured to death

The body of an inspector of Inter-Services Intelligence (ISI) Omar Mubeen Jilani was found in front of Pakistan Television Centre Multan on Saturday morning. He was tortured to death. Omar Mubeen Jilani, a nephew of former Chief Justice of Pakistan Syed T
Published 05 Mar, 2017 12:00am
ISI man tortured to death

ISI man tortured to death

The body of an inspector of Inter-Services Intelligence (ISI) Omar Mubeen Jilani was found in front of Pakistan Television Centre Multan on Saturday morning. He was tortured to death. Omar Mubeen Jilani, a nephew of former Chief Justice of Pakistan Syed T
Published 05 Mar, 2017 12:00am
Iran's S-300 air defence system 'operational'

Iran's S-300 air defence system 'operational'

Iran's advanced S-300 air defence system, delivered by Russia following a July 2015 nuclear deal after years of delay, is now operational, state television reported on Saturday. Iran had been trying to acquire the system for years to ward off repeated thr
Published 05 Mar, 2017 12:00am
Iran's S-300 air defence system 'operational'

Iran's S-300 air defence system 'operational'

Iran's advanced S-300 air defence system, delivered by Russia following a July 2015 nuclear deal after years of delay, is now operational, state television reported on Saturday. Iran had been trying to acquire the system for years to ward off repeated thr
Published 05 Mar, 2017 12:00am
Leaders talk to ease Turkey-Germany row over rally ban

Leaders talk to ease Turkey-Germany row over rally ban

Turkish Prime Minister Binali Yildirim called a phone call Saturday with German Chancellor Angela Merkel "productive", following a row over rallies cancelled in Germany ahead of Turkey's key vote on presidential powers. Ankara and Berlin have been locked
Published 05 Mar, 2017 12:00am
Leaders talk to ease Turkey-Germany row over rally ban

Leaders talk to ease Turkey-Germany row over rally ban

Turkish Prime Minister Binali Yildirim called a phone call Saturday with German Chancellor Angela Merkel "productive", following a row over rallies cancelled in Germany ahead of Turkey's key vote on presidential powers. Ankara and Berlin have been locked
Published 05 Mar, 2017 12:00am
Pakistan highly values ties with Iran: CoAS

Pakistan highly values ties with Iran: CoAS

Chief of Army Staff (COA) General Qamar Javed Bajwa has said that Pakistan highly values its brotherly relations with Iran and it will never compromise on bilateral relations with Iran at any cost. Inter-Services Public Relations (ISPR) said the Army chie
Published 05 Mar, 2017 12:00am
Pakistan highly values ties with Iran: CoAS

Pakistan highly values ties with Iran: CoAS

Chief of Army Staff (COA) General Qamar Javed Bajwa has said that Pakistan highly values its brotherly relations with Iran and it will never compromise on bilateral relations with Iran at any cost. Inter-Services Public Relations (ISPR) said the Army chie
Published 05 Mar, 2017 12:00am
In any case, justice must prevail

In any case, justice must prevail

As law-enforcing agencies try securing the PSL final in Lahore today and Sindh police hunts out the perpetrators of the carnage at the shrine of Lal Shahbaz Qalandar, hundreds of suspected militants have been taken into custody. If not all, at least a goo
Published 05 Mar, 2017 12:00am
Civil-military relations

Civil-military relations

In a recent interview with Aaj TV, PTI Chairman Imran Khan touched a nerve with many people perturbed over military playing a role in political affairs as he recalled that during the 2014 PTI sit-in he had a meeting with the then army chief, Genera
Published 05 Mar, 2017 12:00am
Gwadar as winter capital

Gwadar as winter capital

In 2011, Aslam Raisani, the then Chief Minister of Balochistan, declared Gwadar the winter capital of the province. Given the harsh Quetta winter, the idea of a winter capital was always there. (at times Sibi was considered the right place for that positi
Published 05 Mar, 2017 12:00am
Corporate governance and CPEC

Corporate governance and CPEC

The China Pakistan Economic Corridor (CPEC) brings to Pakistan an unprecedented opportunity for not only a turnaround of the economy but also for a great take-off. However, this opportunity does not turn into reality without our determination to overcome
Published 05 Mar, 2017 12:00am
In drought-hit Kenya, fair sharing of rivers helps keep peace

In drought-hit Kenya, fair sharing of rivers helps keep peace

Kelena Ole Nchoe hopes efforts to share river water in the Ewaso Nyiro South basin in Kenya's Rift Valley will help avoid the violence that has erupted elsewhere between herders and farmers as a drought crisis shrinks pasture. But he is sure there will be
Published 05 Mar, 2017 12:00am
What if euro imploded? Six trade ideas
Currency

What if euro imploded? Six trade ideas

Frexit, Grexit or jitters about Quitaly - existential threats to the euro are remote but investors are still looking for clever ways to protect themselves against the risk of a euro dropout. Pricing in arcane reaches of bond markets and elsewhere shows in
Published 05 Mar, 2017 12:00am
World is constantly changing

World is constantly changing

We are living in an era where fast-paced technological developments have changed our lives entirely. If we peep into our lives we spent in the 1990s, we see a big difference in our lifestyle, society and values. Technological advancements have changed the
Published 05 Mar, 2017 12:00am
Rivival of military courts: PPP's reservations to be addressed: Ahsan

Rivival of military courts: PPP's reservations to be addressed: Ahsan

"If it is a strategy on the part of the PPP to strike a deal with somebody, it may work but we are sure the PPP will eventually support the extension of military courts for two years", stated Federal Minister for Planning and Development Ahsan Iqbal to Bu
Published 05 Mar, 2017 12:00am
Dr Asim says he will open own TV news channel

Dr Asim says he will open own TV news channel

Former Petroleum Minister Dr Asim Hussain has said that he would open his own TV news channel soon. Talking to media persons during appearance at the accountability court here on Saturday, the former minister, who was in jolly mood said he does not watch
Published 05 Mar, 2017 12:00am
All provinces enjoy equitable rights over resources: PM

All provinces enjoy equitable rights over resources: PM

Prime Minister Nawaz Sharif on Saturday said that all parts and provinces of Pakistan have equitable rights over the country's resources. "It is our duty to ensure its fair distribution amongst all the provinces including Federally Administered Tribal Are
Published 05 Mar, 2017 12:00am
Dar calls for greater economic connectivity between ECO countries

Dar calls for greater economic connectivity between ECO countries

Federal Finance Minister, Senator Ishaq Dar on Saturday said that Economic Co-operation Organisation (ECO) countries could achieve economic and trade potential of the region through greater integration and connectivity. According to a statement, the minis
Published 05 Mar, 2017 12:00am
Met forecasts showers in March

Met forecasts showers in March

The Met Office has forecast about 4 weather system to trigger slightly above normal rains in nearly all parts of the country in March 2017. "Global climate indicators such as North Atlantic Oscillations (NAO), El Nino and Southern Oscillations (ENSO) and
Published 05 Mar, 2017 12:00am
Compensation for fishermen jailed in India proposed

Compensation for fishermen jailed in India proposed

Sindh Minister for Livestock and Fisheries, Muhammad Ali Malkani has said that a summary has been moved to the Chief Minister Sindh for consideration to compensate and to rehabilitate the fishermen prisoned in India till their release by providing Rs 10,0
Published 05 Mar, 2017 12:00am
PBIF chief slams hike in oil prices

PBIF chief slams hike in oil prices

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the government should improve the tax collection by brining the well-off people into tax net instead of squeezing the poor by increasing oil prices.
Published 05 Mar, 2017 12:00am
'AMTF treats thalassemic children free of cost'

'AMTF treats thalassemic children free of cost'

Executive, Director Afzaal Memorial Thalassemia Foundation (AMTF), Ateeq Ur Rehman has said that AMTF providing exceptional treatment to the deprived Thalassemic Children free of cost, by offering amazing facilities in shape of ICU, blood bank, laboratory
Published 05 Mar, 2017 12:00am
SBP corrects misreported facts

SBP corrects misreported facts

Apropos the news stories covering the visit of Lahore Chamber of Commerce and Industries by Governor, State Bank of Pakistan, Ashraf Mahmood Wathra and SBP team some of the facts mentioned during the Q&A session have been incorrectly reported. To keep the
Published 05 Mar, 2017 12:00am
Swat snow festival kicks off in Malam Jabba

Swat snow festival kicks off in Malam Jabba

A three-day Swat Snow Festival in Malam Jabba in Swat district on Saturday inaugurated by Advisor to chief minister on Tourism Abdul Munim Khan during a ceremony, aiming at to promote and revive the tourism in the serene valley. Tourism Corporation of Khy
Published 05 Mar, 2017 12:00am
Terror bids foiled

Terror bids foiled

Balochistan Frontier Corps (FC) on Saturday thwarted major terror bid as huge cache of arm and ammunition recovered during search operation in Kahan area. During a search operation at Chot Camp Kahan, FC Balochistan recovered heavy arms and ammunition whi
Published 05 Mar, 2017 12:00am
Airbus-330 acquired on wet lease being returned to SL

Airbus-330 acquired on wet lease being returned to SL

The federal government's ambitious move to revive Pakistan International Airlines (PIA) has suffered a major blow as management of the national flag carrier is returning premier service aircraft back to Sri Lanka. Airbus-330 was acquired on lease for prem
Published 05 Mar, 2017 12:00am
British Council confers alumni award on Dr Saif

British Council confers alumni award on Dr Saif

The British Council has conferred upon Dr Umar Saif, Adviser to the Chief Minister Punjab, Chairman Punjab Information Technology Board (PITB) and founder Vice Chancellor Information Technology University (ITU) Punjab, Lahore, the outstanding alumni award
Published 05 Mar, 2017 12:00am
Growers warn to launch protest against artificial water crisis

Growers warn to launch protest against artificial water crisis

The large number of the small growers and peasants and elected representatives hailing from different towns and cities of district Badin organised an important meeting on Saturday at Morjhar Farm presided over by former Speaker, NA, Dr Fehmida Mirza to de
Published 05 Mar, 2017 12:00am
Huge cache of arms recovered from Kahan

Huge cache of arms recovered from Kahan

In sequel to the ongoing operation Radd-ul-Fasaad (RuF), the Frontier Corps (FC) Balochistan on Saturday recovered huge quantity of lethal arms and ammunition form a terrorist den located in the remote part of Balochistan. According to Inter Services Publ
Published 05 Mar, 2017 12:00am
Security beefed up ahead of PSL final in Lahore

Security beefed up ahead of PSL final in Lahore

Ahead of the Pakistan Super League (PSL) final in the provincial metropolis on Sunday (today), the security forces have beefed up the security around the Gaddafi Stadium to avoid any untoward happening in line with the international Standard Operating Pro
Published 05 Mar, 2017 12:00am
Shehbaz, Nisar satisfied over security arrangements

Shehbaz, Nisar satisfied over security arrangements

All the security-related arrangements have been finalised to hold the final of PSL-II in a peaceful manner on Sunday (today). Around 10,000 security officials are deputed for this mega event. On Saturday, Federal Interior Minister Chaudhry Nisar Ali Khan
Published 05 Mar, 2017 12:00am
IoBM holds event titled 'New Corporate Horizons'

IoBM holds event titled 'New Corporate Horizons'

Endeavoring to think beyond the set and standard managerial and professional practices, the students of Public Relations, Event Management and Corporate Communication of the Institute of Business Management (IoBM) organised, amid the guidance of their fac
Published 05 Mar, 2017 12:00am
Bus terminal shifted

Bus terminal shifted

The Daewoo Bus Service terminal was shifted outside the city to Thokar Niaz Baig from Kalma Square for two days in order to hold Pakistan Super League (PSL). The sudden and unexpected shift of the terminal created a bothering and wearisome situation for t
Published 05 Mar, 2017 12:00am
Special transport arrangements made

Special transport arrangements made

Lahore Transport Company (LTC) and private transport operators will operate full fleet of its buses today (Sunday) with routine fare for the provision of comfortable transport facilities to the people especially enthusiasts for reaching Cricket Stadium to
Published 05 Mar, 2017 12:00am
Pakhtun traders set to support Peshawar Zalmi

Pakhtun traders set to support Peshawar Zalmi

The Pakhtun traders in the town are all set to support Peshawar Zalmi in the final of Pakistan Super League (PSL) that will be played in Qaddafi Stadium tomorrow. Majority of the Pakhtun traders remained busy in preparations for making special arrangement
Published 05 Mar, 2017 12:00am
British journalist visits North Wazirstan

British journalist visits North Wazirstan

British journalist Peter Oborne visited Miranshah, the capital of the agency in order to witness as to how Pakistan Army wiped out terror from the badlands of terror. The journalist, who is the first veteran western journalist to have visited North Waziri
Published 05 Mar, 2017 12:00am
Agricultural experts call for climate-resilient varieties
Cotton

Agricultural experts call for climate-resilient varieties

Agriculture Experts & Scientists' consultative meeting have called for building dams, farm mechanization, climate resilient varieties, mitigation strategy of climate changes, demonstration of modern agricultural practices at farm level, usage of Informati
Published 05 Mar, 2017 12:00am
'Effective facilitation attracts oil & gas firms in Fata'

'Effective facilitation attracts oil & gas firms in Fata'

Effective facilitation and improved security environment attracted numerous oil and gas companies, both local and international, for launching exploration projects in resources rich Fata. In pursuance of directives of Governor Khyber Pakhtunkhwa, Engr Iqb
Published 05 Mar, 2017 12:00am
PAA clarifies GST collection & its payment

PAA clarifies GST collection & its payment

The Pakistan Advertising Association (PAA), in its capacity of being the representative body of the advertising agencies, takes this opportunity to clarify that the onus of General Sales Tax collection and its payment where government business is involved
Published 05 Mar, 2017 12:00am
PAA clarifies GST collection & its payment

PAA clarifies GST collection & its payment

The Pakistan Advertising Association (PAA), in its capacity of being the representative body of the advertising agencies, takes this opportunity to clarify that the onus of General Sales Tax collection and its payment where government business is involved
Published 05 Mar, 2017 12:00am
Crime rate witnesses upward trend in federal capital
Currency

Crime rate witnesses upward trend in federal capital

Despite tall claims of Islamabad Capital Territory (ICT) police regarding strict security arrangements, the crime rate registered an upward trend during the last week in the federal capital. According to the crime statistics collected byBusiness Record
Published 05 Mar, 2017 12:00am
Prices of essential kitchen items witness increase

Prices of essential kitchen items witness increase

Prices of the essential kitchen items witnessed increase during last week as compared with the preceding week, a survey carried out byBusiness Recorder revealed here on Saturday. The survey observed that the price of onion went up from Rs 130 to Rs
Published 05 Mar, 2017 12:00am
PSL final is more than just a cricket match: Marriyum

PSL final is more than just a cricket match: Marriyum

Cricket, since time immemorial, for Pakistan has held a strong emotional significance. We have celebrated, on an international platform, with joy and pride our countless victories and our cricketing heroes, lamented and debated our losses. Whilst commenti
Published 05 Mar, 2017 12:00am
Alleged terrorist held

Alleged terrorist held

Intelligence agencies have arrested an important member of banned Tehreek-e-Taliban Pakistan's Sajna Group in the outskirts of the federal capital. Sources said that intelligence agencies during a targeted operation in sector G-15 arrested the member of S
Published 05 Mar, 2017 12:00am
'Far-reaching verdict on Panamagate case likely'

'Far-reaching verdict on Panamagate case likely'

A far-reaching verdict on the Panamagate case is expected - an opinion premised on the observations/questions put forth by the five learned judges during the course of the proceedings though these may not be reflected in the final verdict. This was stated
Published 05 Mar, 2017 12:00am
Proposed merger of Fata with KP widely hailed

Proposed merger of Fata with KP widely hailed

Tribesmen, political leaders, students and others stakeholders from tribal Mohmand Agency have welcomed the federal cabinet decision proposed merger of FATA with Khyber Pakhtunkhwa on Saturday. Reforms Package approved by the federal cabinet and over a ce
Published 05 Mar, 2017 12:00am
Rising Demand for Chartered Accountants in the Middle East

Rising Demand for Chartered Accountants in the Middle East

As business models become more complex and sophisticated, every enterprise needs qualified professionals to help them invest, develop and grow prudently. Since 1961, The 'Institute of Chartered Accountant of Pakistan' (ICAP) has been playing a pivotal rol
Published 05 Mar, 2017 12:00am
North Korea hits out at US over possible terror listing

North Korea hits out at US over possible terror listing

North Korea warned Saturday the US will "pay dearly" if it puts Pyongyang on a terror list over the killing of its leader's half-brother, as a suspect in the murder claimed he was the victim of a conspiracy. Kim Jong-Nam, 45, was poisoned in Malaysia last
Published 05 Mar, 2017 12:00am
US drone strike kills 2 al Qaeda suspects in Yemen

US drone strike kills 2 al Qaeda suspects in Yemen

A US drone strike killed two suspected members of al Qaeda in southern Yemen on Saturday, a security official said, as Washington steps up a campaign against jihadists. The raid came after two days of intensive air strikes by US warplanes on jihadists in
Published 05 Mar, 2017 12:00am
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