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Archive - 2017-03-19
Rs.300bn stuck in appeals: FBR to revise ADR system in budget
Budgets

Rs.300bn stuck in appeals: FBR to revise ADR system in budget

SOHAIL SARFRAZ%D%AISLAMABAD: The Federal Board of Revenue (FBR) has decided to revise the whole system of Alternative Dispute Resolution (ADR) committees in budget (2017-18) under the plan to reduce litigation of Rs 300 billion stuck up in appeals.
Updated 25 May, 2017 10:23am
Ties with Qatar to be further strengthened: PM
Pakistan Top News

Ties with Qatar to be further strengthened: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Sunday said that Pakistan and Qatar enjoyed strong brotherly relationship which would be further strengthened into sustained cooperation for the benefit of both countries.
Published 19 Mar, 2017 09:19pm
Saudi Aramco resumes Egypt oil deliveries: ministry
Energy

Saudi Aramco resumes Egypt oil deliveries: ministry

CAIRO: Egypt has received its first two oil shipments from Saudi giant Aramco after deliveries were suspended for several months over political differences, an oil ministry spokesman said on Sunday.
Published 19 Mar, 2017 09:09pm
Marriyum castigates Imran for lies, U-turns
General News

Marriyum castigates Imran for lies, U-turns

ISLAMABAD: Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb on Sunday castigated Imran Khan for his blatant lies and the U-turns that he has been taking on his stated positions.
Published 19 Mar, 2017 08:30pm
UNAP delegation calls on Governor Sindh
General News

UNAP delegation calls on Governor Sindh

KARACHI: A delegation of the United Nations Association of Pakistan (UNAP), led by its secretary general Ghazala Humayun, called on Governor Sindh, Muhammad Zubair, here on Sunday.
Published 19 Mar, 2017 07:37pm
Chuck Berry's biggest hits
Movies & Music

Chuck Berry's biggest hits

NEW YORK: The following is a list of some of the greatest hits of rock 'n' roll legend Chuck Berry, who died Saturday at the age of 90.
Published 19 Mar, 2017 03:38pm
All eyes on FBI chief as Russia, wiretap claims swirl
North America

All eyes on FBI chief as Russia, wiretap claims swirl

WASHINGTON: FBI director James Comey will be in the hot seat Monday facing lawmakers who accuse him of stonewalling Congress, as they demand answers about Donald Trump's potential Russia ties and the president's extraordinary accusation of wiretapping by
Published 19 Mar, 2017 03:19pm
Golf: McIlroy charges but US duo leads at Bay Hill
Sports

Golf: McIlroy charges but US duo leads at Bay Hill

MIAMI: Rory McIlroy made a charge into contention but Charley Hoffman closed with a 70-foot birdie putt to match Kevin Kisner for the lead after Saturday's third round of the Arnold Palmer Invitational.
Published 19 Mar, 2017 02:26pm
India hunts hidden cash in corruption blitz
Front Top News

India hunts hidden cash in corruption blitz

NEW DELHI: Mansions owned by maids, gardeners and drivers until now have aroused little suspicion in India, where the wealthy have long hidden fortunes in the names of lowly-paid staff to avoid paying tax.
Published 19 Mar, 2017 01:51pm
Security in Mali 'worrying': UN peacekeeping mission
Africa

Security in Mali 'worrying': UN peacekeeping mission

BAMAKO: The security situation in Mali "remains worrying" despite recent troop deployments and some progress on the country's peace accord, the head of the UN's peacekeeping force said Saturday in Bamako.
Published 19 Mar, 2017 01:39pm
Paris airport attacker: What we know
World Top News

Paris airport attacker: What we know

PARIS: A man who had been investigated for links to extremist was shot dead at Paris' Orly airport on Saturday after attacking a soldier on patrol and grabbing her rifle.
Published 19 Mar, 2017 12:54pm
Bangladesh 156-4, chasing 191 vs Sri Lanka
Cricket

Bangladesh 156-4, chasing 191 vs Sri Lanka

COLOMBO: Bangladesh inched closer towards their 191-run target and a historic victory over Sri Lanka, reaching 156-4 at tea on the fifth day of the second Test in Colombo on Sunday.
Published 19 Mar, 2017 10:26am
India 503-6 at tea against Australia
Cricket

India 503-6 at tea against Australia

RANCHI: Wriddhiman Saha was batting on 99 as India reached 503 for six at tea on day four of the third Test against Australia in Ranchi on Sunday.
Published 19 Mar, 2017 09:07am
Japan PM leaves for Europe for security, trade talks
Asia

Japan PM leaves for Europe for security, trade talks

TOKYO: Japanese Prime Minister Shinzo Abe headed Sunday for a four-day trip to Europe, hoping to discuss security issues and make progress on trade as regional tensions soar over accelerating North Korean threats.
Published 19 Mar, 2017 06:46am
Radd-ul-Fasaad: 46 suspects apprehended, over 30 terrorists killed: ISPR
Front Top News

Radd-ul-Fasaad: 46 suspects apprehended, over 30 terrorists killed: ISPR

WASIM IQBAL%D%ARAWALPINDI: The launch of Radd-ul-Fasaad on February 22, 2017 accounts for 46 suspects apprehended, including 11 Afghans, more than 30 terrorists killed, and the recovery of weapons and ammunition, in different raids, according to ISPR.
Published 19 Mar, 2017 05:38am
Population census begins across the country

Population census begins across the country

The first phase of the 6th population census exercise continues in 63 districts across the country. House listing in the first phase of Census 2017 has been completed while head-count started on Saturday. As per the census calendar, during the first phase
Published 19 Mar, 2017 12:00am
Population census begins across the country

Population census begins across the country

The first phase of the 6th population census exercise continues in 63 districts across the country. House listing in the first phase of Census 2017 has been completed while head-count started on Saturday. As per the census calendar, during the first phase
Published 19 Mar, 2017 12:00am
Pakistan ranked among world's most powerful countries

Pakistan ranked among world's most powerful countries

Pakistan has been ranked among the twenty-three most powerful countries in the world. This is according to US News and World Report which released the latest edition of its annual "Best Countries" study. The US has retained its position as the world's mos
Published 19 Mar, 2017 12:00am
Pakistan ranked among world's most powerful countries

Pakistan ranked among world's most powerful countries

Pakistan has been ranked among the twenty-three most powerful countries in the world. This is according to US News and World Report which released the latest edition of its annual "Best Countries" study. The US has retained its position as the world's mos
Published 19 Mar, 2017 12:00am
Paris airport attacker killed

Paris airport attacker killed

A man who had been investigated for links to radical Islam was shot dead at Orly airport south of Paris on Saturday after attacking a soldier on patrol and trying to grab her rifle. The same man is suspected of having shot at police earlier in the day, le
Published 19 Mar, 2017 12:00am
Paris airport attacker killed

Paris airport attacker killed

A man who had been investigated for links to radical Islam was shot dead at Orly airport south of Paris on Saturday after attacking a soldier on patrol and trying to grab her rifle. The same man is suspected of having shot at police earlier in the day, le
Published 19 Mar, 2017 12:00am
Kabul doesn't take Islamabad's complaints seriously

Kabul doesn't take Islamabad's complaints seriously

Sources in security establishment have told Business Recorder that closure of Pak-Afghan was the consensus decision of security experts who were consulted before the decision to close the border was taken. Security experts suggested that the closure of th
Published 19 Mar, 2017 12:00am
Kabul doesn't take Islamabad's complaints seriously

Kabul doesn't take Islamabad's complaints seriously

Sources in security establishment have told Business Recorder that closure of Pak-Afghan was the consensus decision of security experts who were consulted before the decision to close the border was taken. Security experts suggested that the closure of th
Published 19 Mar, 2017 12:00am
MQM urges Sindh government to quash FIRs

MQM urges Sindh government to quash FIRs

Muttahida Qaumi Movement-Pakistan (MQM-P) has termed all charges against its leadership including Dr Farooq Sattar politically-motivated and urged Sindh government to quash first information reports (FIRs) registered against them. The MQM-P spokesperson A
Published 19 Mar, 2017 12:00am
MQM urges Sindh government to quash FIRs

MQM urges Sindh government to quash FIRs

Muttahida Qaumi Movement-Pakistan (MQM-P) has termed all charges against its leadership including Dr Farooq Sattar politically-motivated and urged Sindh government to quash first information reports (FIRs) registered against them. The MQM-P spokesperson A
Published 19 Mar, 2017 12:00am
Commonwealth critical for peace, development, democracy: Aziz

Commonwealth critical for peace, development, democracy: Aziz

Pakistan says it attaches great importance to the role of Commonwealth in promoting peace, development and democracy. This was stated by Adviser to Prime Minister on Foreign Affairs Sartaj Aziz while addressing 50th Commonwealth Ministerial Action Group m
Published 19 Mar, 2017 12:00am
Commonwealth critical for peace, development, democracy: Aziz

Commonwealth critical for peace, development, democracy: Aziz

Pakistan says it attaches great importance to the role of Commonwealth in promoting peace, development and democracy. This was stated by Adviser to Prime Minister on Foreign Affairs Sartaj Aziz while addressing 50th Commonwealth Ministerial Action Group m
Published 19 Mar, 2017 12:00am
Fighting off the common enemy

Fighting off the common enemy

Terrorism is neither nationalistic in outlook nor state-specific. It nurtures a global vision and its reach is beyond international borders. Be it Daesh, Al-Qaeda or Boko Haram, their agendas are virtually one and the same. They can easily recruit volunte
Published 19 Mar, 2017 12:00am
Swami Aseemanand walks free

Swami Aseemanand walks free

Hindutva sentiments sweeping so much of India seem to have affected its judiciary as well. In the latest development, a special court in Jaipur acquitted Swami Aseemanand and six others accused in the 2007 bomb blast at the Ajmer Sharif shrine which left
Published 19 Mar, 2017 12:00am
Verdict awaited - II
Currency

Verdict awaited - II

Premier Nawaz Sharif received over Rs 215 million from his son Hussain Nawaz in 2015. He had previously received remittances from his son, worth Rs 239 million and Rs 197.5 million in 2014 and 2013, respectively. A huge amount of Rs 111,110,000 was also w
Published 19 Mar, 2017 12:00am
In Labour heartlands, Brexit gives May a fighting chance

In Labour heartlands, Brexit gives May a fighting chance

In the former shipbuilding hub of Hartlepool, traditional bastion of the centre-left Labour Party, lifelong supporter Stan grumbles that the party leaders have "lost their way totally". Like seven out of 10 voters in this post-industrial town in north-eas
Published 19 Mar, 2017 12:00am
Central Africa's transition to peace still elusive

Central Africa's transition to peace still elusive

With a spike in militia killings, a deepening humanitarian crisis and the army still in shambles, the Central African Republic's bid for peace and stability remains elusive. A three-year civil war that erupted in 2013 between Muslim and Christian militias
Published 19 Mar, 2017 12:00am
Budget exercise

Budget exercise

Now is the season for budget (2Ol7-18) exercise. FBR and Ministry of Finance are receiving budget proposals from other ministries and government functionaries to know their financial requirements for budget allocation. FBR by imposing indirect (consumptio
Published 19 Mar, 2017 12:00am
London gold rush: ICE to launch clearing before banks are ready

London gold rush: ICE to launch clearing before banks are ready

Intercontinental Exchange (ICE) is set to launch clearing for London's benchmark gold price auction before participants are ready as it races to prevent rivals muscling in on the city's $5 trillion-a-year bullion market, market and banking sources said. C
Published 19 Mar, 2017 12:00am
Brazil ethanol prices slide
Currency

Brazil ethanol prices slide

Brazil ethanol prices fell to the lowest level in six months in the latest week as mills increased sales in the local market to clear space in tanks for new-crop product, amid reduced demand for the biofuel, agricultural prices research center Cepea/Esalq
Published 19 Mar, 2017 12:00am
Ex-Trafigura trader Collins plans platform to match buyers, sellers

Ex-Trafigura trader Collins plans platform to match buyers, sellers

Simon Collins, the ex-head of metals and minerals at trader Trafigura, is gearing up to launch an online platform to match buyers and sellers in physical metals markets. Collins, a high-profile industry figure who left Trafigura in 2015, said the Tradeclo
Published 19 Mar, 2017 12:00am
UN pushes 'smart crops' as rice alternative to tackle hunger in Asia

UN pushes 'smart crops' as rice alternative to tackle hunger in Asia

Asia needs to make extra efforts to defeat hunger after progress has slowed in the last five years, including promoting so-called "smart crops" as an alternative to rice, the head of the UN food agency in the region said. Kundhavi Kadiresan, representativ
Published 19 Mar, 2017 12:00am
China 2016-17 corn imports seen at one million tonnes

China 2016-17 corn imports seen at one million tonnes

China will import 1 million tonnes of corn in 2016/17, an official think-tank said on Monday, lower than the 2 million tonnes forecast last month. China's corn prices have fallen to levels that make imported corn uncompetitive, said the influential China
Published 19 Mar, 2017 12:00am
India seen importing 2-3 million tonnes of wheat in 2017-18

India seen importing 2-3 million tonnes of wheat in 2017-18

India is likely to import about 2-3 million tonnes of wheat in the crop year starting in July, even as the country is set for a bumper domestic harvest, the head of conglomerate Adani Enterprises' agribusiness division said on Monday. India is expected to
Published 19 Mar, 2017 12:00am
Honduras coffee exports soar 36 percent

Honduras coffee exports soar 36 percent

Coffee exports from Honduras soared by 36 percent in February, compared with the same month last season, due to increased production, the national coffee institute (IHCAFE) said on Wednesday. Shipments from the largest coffee exporter in Central America t
Published 19 Mar, 2017 12:00am
World cocoa sector could be in surplus for years: ICCO

World cocoa sector could be in surplus for years: ICCO

The world's cocoa sector may be facing a structural surplus that risks depressing global prices and dealing a blow to producer country and farm revenues in the coming years, a senior official with International Cocoa Organisation (ICCO) said on Wednesday.
Published 19 Mar, 2017 12:00am
Electric vehicles won't depose stainless in nickel demand dynamics

Electric vehicles won't depose stainless in nickel demand dynamics

Investors hoping for explosive nickel demand growth, in tandem with the electric vehicle revolution, could well be disappointed as any increase is seen as unlikely to change a market dominated by stainless steel producers. Some watching the frenzy of inte
Published 19 Mar, 2017 12:00am
Japan feedmakers say worst is over in corn supply crunch

Japan feedmakers say worst is over in corn supply crunch

Japanese feedmakers, hit by a severe shortage of corn due to delays in shipments from the United States, say the crisis has eased and small cargoes of corn brought from China this month are likely to be the last for a while. At least one small cargo of co
Published 19 Mar, 2017 12:00am
Berlin accuses Erdogan of playing politics in anti-Europe attacks

Berlin accuses Erdogan of playing politics in anti-Europe attacks

Germany's foreign minister on Saturday openly accused Turkey's Recep Tayyip Erdogan of ramping up anti-European rhetoric in a bid to score political points back home ahead of a key referendum. Sigmar Gabriel described Erdogan's comments, including likenin
Published 19 Mar, 2017 12:00am
Thousands of Kurds protest against Erdogan in Frankfurt

Thousands of Kurds protest against Erdogan in Frankfurt

Around 9,000 Kurdish supporters demonstrated in the German city of Frankfurt on Saturday against Turkish President Tayyip Erdogan and an April referendum that would give him sweeping new powers. Protesters chanted "Erdogan terrorist" and "freedom for Ocal
Published 19 Mar, 2017 12:00am
Canadian government apologizes to citizens tortured in Syria

Canadian government apologizes to citizens tortured in Syria

The Canadian government on Friday formally apologized in a statement to three of its citizens who were tortured in Syria, which Canadian officials allegedly played an indirect role in. The government said it had settled civil suits with three Canadian nat
Published 19 Mar, 2017 12:00am
Canada gives $120 million for famine-hit Africa, Yemen

Canada gives $120 million for famine-hit Africa, Yemen

Canada's government pledged Can$120 million (US$90 million, 84 million euros) Friday to help relieve food crises in four countries where 20 million people face starvation and famine. The funding for afflicted populations in Nigeria, Somalia, South Sudan a
Published 19 Mar, 2017 12:00am
EU to vow 'common future' after Brexit body blow

EU to vow 'common future' after Brexit body blow

The EU is set to re-commit itself to "our common future" at a summit marking its 60th anniversary, defying Brexit and growing euroscepticism, according to a draft declaration. They also vow to work for "even greater unity" while allowing "different paces
Published 19 Mar, 2017 12:00am
International quartet backs Libya's unity government

International quartet backs Libya's unity government

A quartet of international groups said Saturday it supported efforts by Libya's unity government to assert control over Tripoli after days of fighting with rival militias. The Cairo meeting by representatives of the United Nations, European Union, Arab Le
Published 19 Mar, 2017 12:00am
Park supporters march in Seoul against impeachment

Park supporters march in Seoul against impeachment

Protesters marched through the streets of Seoul Saturday demanding the repeal of ex-President Park Geun-Hye's impeachment. Prosecutors have ordered the ousted president to appear before them on Tuesday next week for questioning over the corruption scandal
Published 19 Mar, 2017 12:00am
China to build on disputed shoal in South China Sea

China to build on disputed shoal in South China Sea

China will begin preparatory work this year for an environmental monitoring station on Scarborough Shoal in the South China Sea, an official said, as two US senators introduced a bill to impose sanctions on its activities in the disputed waterway. China s
Published 19 Mar, 2017 12:00am
Israeli plane, tank hit Gaza after rocket attack

Israeli plane, tank hit Gaza after rocket attack

A rocket fired by Palestinians in the Gaza Strip slammed into southern Israel on Saturday, prompting retaliatory Israeli air and tank strikes, sources on both sides said. The Israeli army said the rocket hit an open area. "No casualties have been reported
Published 19 Mar, 2017 12:00am
NSA deputy calls Trump's wiretapping allegations 'crazy'

NSA deputy calls Trump's wiretapping allegations 'crazy'

The deputy director of the US National Security Agency has described White House allegations that Britain helped spy on President Donald Trump during the 2016 campaign as "just crazy." The accusations infuriated British officials, prompting an uncommonly
Published 19 Mar, 2017 12:00am
Immigration judges headed to 12 US cities to speed deportations

Immigration judges headed to 12 US cities to speed deportations

The US Justice Department is developing plans to temporarily reassign immigration judges from around the country to 12 cities to speed up deportations of illegal immigrants who have been charged with crimes, according to two administration officials.
Published 19 Mar, 2017 12:00am
Iraq forces say near Mosul mosque where IS declared 'caliphate'

Iraq forces say near Mosul mosque where IS declared 'caliphate'

Elite Iraqi forces said they were battling house by house in the Old City of Mosul on Saturday, inching towards the mosque where the Islamic State group proclaimed its "caliphate" in 2014. Iraq began an operation on February 19 to retake west Mosul, which
Published 19 Mar, 2017 12:00am
Planes collide over Canada shopping mall, killing one

Planes collide over Canada shopping mall, killing one

Two small planes collided mid-air over a busy Canadian shopping mall Friday, killing one pilot and injuring the other but miraculously avoiding numerous casualties, police said. One of the planes crashed into the roof of the Promenades Saint-Bruno mall -
Published 19 Mar, 2017 12:00am
Congo forces targeting civilians, denying peacekeepers access: UN

Congo forces targeting civilians, denying peacekeepers access: UN

Government forces have targeted civilians, including women and children, resulting in numerous deaths in central Congo this week and are restricting United Nations peacekeepers' access to the area, the country's UN mission said on Saturday.
Published 19 Mar, 2017 12:00am
Flash floods take dramatic toll in Lima, northern Peru

Flash floods take dramatic toll in Lima, northern Peru

El Nino-fueled flash floods and landslides hit parts of Lima, leaving some communities cut off from roads Saturday, as others fled rising rivers and millions fretted that they won't have drinking water. Peru's geographic extremes help fuel the often deadl
Published 19 Mar, 2017 12:00am
William and Kate praise Paris attacks survivors

William and Kate praise Paris attacks survivors

Britain's Prince William and his wife Kate on Saturday told injured survivors of the 2015 Paris terror attacks they admired their courage, on the second day of a visit to France. The couple met the survivors at the Invalides military hospital in Paris bef
Published 19 Mar, 2017 12:00am
Nisar for bringing back Robina, minor from IHK jail

Nisar for bringing back Robina, minor from IHK jail

Interior Minister Chaudhry Nisar Ali Khan has ordered to bring back a woman namely Robina and her minor child languishing in a jail in Indian occupied Kashmir over the past five years. Robina went to India for her medical treatment along with her husband
Published 19 Mar, 2017 12:00am
Huge cache of weapons recovered

Huge cache of weapons recovered

Islamabad Bhara Kahu police on Saturday conducted search operation in its respective jurisdiction and recovered huge cache of weapons from suspects, a police spokesman said. Following National Action Plan, officers/officials of Islamabad Police, Pak Range
Published 19 Mar, 2017 12:00am
Energy deficit will soon be a matter of past: Aizaz

Energy deficit will soon be a matter of past: Aizaz

Pakistan's new Ambassador to United States Aizaz Ahmed Chaudhry has said that energy deficit will soon be a matter of past. He expressed these views during a luncheon media interaction with DC based Pakistani journalists, said a press release on Saturday.
Published 19 Mar, 2017 12:00am
Solar Pakistan Exhibition concludes

Solar Pakistan Exhibition concludes

Three days Solar Pakistan 2017, sixth International Renewable Energy Exhibition and Conference, attracting local and foreign investors in solar energy project, at the Lahore Expo Center concluded on Saturday. More than 150 exhibitors from 15 countries par
Published 19 Mar, 2017 12:00am
IT Park Kazan, ITU Punjab sign MoU

IT Park Kazan, ITU Punjab sign MoU

The Republic of Tatarstan's State Autonomous Institution IT-Park, Kazan, a technology park that supports innovative companies at the early stage of development and provides opportunities for the creation and development of numerous IT companies in the Rus
Published 19 Mar, 2017 12:00am
Population census begins in Azad Kashmir

Population census begins in Azad Kashmir

The sixth population census in Azad Kashmir was launched on Saturday by registering data of the President Azad Jammu and Kashmir (AJK) Sardar Masood Khan and his family. The registration was conducted under the supervision of Census Commissioner Raja Tari
Published 19 Mar, 2017 12:00am
Dar directs for completion of Kohsar Block project by May end

Dar directs for completion of Kohsar Block project by May end

Federal Finance Minister Ishaq Dar said on Saturday that all systems should be up and ready of Kohsar Block by end of May as per the latest timeline. According to a statement, the Finance Minister was chairing a meeting in Islamabad to discuss matters reg
Published 19 Mar, 2017 12:00am
ATC orders to present Sattar in court tomorrow

ATC orders to present Sattar in court tomorrow

An Anti-Terrorism Court (ATC) once again declared MQM's Farooq Sattar an absconder in multiple cases on Saturday and ordered that he be presented before the ATC on March 20. In the hearing of a case involving Sattar and various other MQM leaders who were
Published 19 Mar, 2017 12:00am
CM Sindh says not aware of Sattar's arrest

CM Sindh says not aware of Sattar's arrest

The brief arrest of Muttahida Qaumi Movement - Pakistan (MQM-P) leader Farooq Sattar was further shroud in mystery as Chief Minister Murad Ali Shah appeared unaware of the incident. Sattar was arrested by Police on Friday night but was released after a br
Published 19 Mar, 2017 12:00am
ATC grants bail to Qamar Mansoor

ATC grants bail to Qamar Mansoor

An anti-terrorism on Saturday granted bail to Muttahida Qaumi Movement (MQM) leader Qamar Mansoor in four ceases. The incarcerated MQM leader was produced in the ATC on Saturday. The court heard the bail application of Mansoor in treason and three other c
Published 19 Mar, 2017 12:00am
'CPEC has potential to boost economy'

'CPEC has potential to boost economy'

The China Pakistan Economic Corridor (CPEC) has high potential to jump start Pakistan's economy and leapfrog it many places in front of its competitors. In fact, if sensibly utilized, it provides Pakistan with an exceptional opportunity to make itself cou
Published 19 Mar, 2017 12:00am
Amin Hashwani's book 'Untouched Octaves' launched

Amin Hashwani's book 'Untouched Octaves' launched

A poetry book titled "Untouched Octaves", authored by a prominent businessman Amin Hashwani was launched here at a local hotel on Saturday. It also featured photographic content by Bobby Sager-a world famed photographer and a social activist. Hashwani des
Published 19 Mar, 2017 12:00am
PHC's mass wedding today

PHC's mass wedding today

Patron-in-chief of Pakistan Hindu Council (PHC), Dr Ramesh Kumar Vankwani has announced that in connection with Holi celebrations, PCH is holding 9th annual combined marriages programme of Hindu Community on Sunday. He said the constitution of Pakistan en
Published 19 Mar, 2017 12:00am
Murad for making census process more transparent

Murad for making census process more transparent

Sindh Chief Minister Syed Murad Ali Shah has opined that the Federal Statistical Department would clear each and every concern of people and the Sindh Government insures the process of current Census transparent. He further said that in this connection he
Published 19 Mar, 2017 12:00am
Zubair assures of resolving public sector universities' issues

Zubair assures of resolving public sector universities' issues

The Governor Sindh and Chancellor of Universities in Sindh Muhammad Zubair has said that the public sector universities in Sindh are facing innumerable financial, logistic, land security and students' hostel space constraints, which would be resolved on p
Published 19 Mar, 2017 12:00am
PM should be appraised about ground realities: Teli

PM should be appraised about ground realities: Teli

Chairman Businessmen Group & Former President of the Karachi Chamber of Commerce and Industry (KCCI) Siraj Kassam Teli has said that it is really upsetting to note that the businessmen and industrialists were not allowed to provide the real picture on the
Published 19 Mar, 2017 12:00am
Mamnoon urges youth to excel in science

Mamnoon urges youth to excel in science

President Mamnoon Hussain on Saturday said that sound fiscal and economic policies had turned around country's economy, which was also being acknowledged by the international financial institutions. He said that a number of energy generation projects, inf
Published 19 Mar, 2017 12:00am
Ahsan stresses need for promoting research

Ahsan stresses need for promoting research

Federal Minister for Planning, Development and Reforms Professor Ahsan Iqbal has emphasised the need for promoting research and innovation, to reap true business potential. Speaking at the foundation stone-laying ceremony of new academic block, girls' hos
Published 19 Mar, 2017 12:00am
TDAP chief opens PSGMEA auditorium

TDAP chief opens PSGMEA auditorium

Chief Executive Officer Trade Development Authority of Pakistan (TDAP) S M Muneer on Saturday inaugurated newly constructed auditorium of Pakistan Sports Goods Manufacturers and Exporters Association (PSGMEA). A large number of businessmen, journalists an
Published 19 Mar, 2017 12:00am
REAP expresses reservations on composition of RDBR

REAP expresses reservations on composition of RDBR

The Rice Exporters Association of Pakistan (REAP) has expressed its reservations on the composition of recently-constituted Research & Development Board of Rice (RDBR) and asked for taking the representative of the seed companies on board to ensure effect
Published 19 Mar, 2017 12:00am
Shehbaz inaugurates second phase of census

Shehbaz inaugurates second phase of census

Punjab Chief Minister Muhammad Shehbaz Sharif Saturday inaugurated the second phase of population census by providing details of his family members to the staff of population census at his residence 96-H Model Town, Lahore. Chief Minister, while inaugurat
Published 19 Mar, 2017 12:00am
Cotton production stands at 10.7 million bales
Cotton

Cotton production stands at 10.7 million bales

Pakistan Cotton Ginners Association (PCGA) on Saturday released its fortnightly report indicating national cotton production at 10.7 million bales, showing a percentage increase by 9.99 percent. Seed cotton (Phutti) equivalent to over 10,072, 224 bales of
Published 19 Mar, 2017 12:00am
Punjab, Tatarstan to promote bilateral ties in different sectors

Punjab, Tatarstan to promote bilateral ties in different sectors

President of Tatarstan Rustam Minnikhanov met with Chief Minister Punjab Muhammad Shehbaz Sharif at a local hotel on Saturday and discussed matters of mutual interest including promotion of bilateral relations in different sectors. The Chief Minister welc
Published 19 Mar, 2017 12:00am
Efforts under way for country's progress: FCCI

Efforts under way for country's progress: FCCI

Rana Sikandar-e-Azam, senior vice president Faisalabad Chamber of Commerce & Industry (FCCI), has said that FCCI is making strenuous efforts to put Pakistan on the road to progress and prosperity with the active collaboration of the business community of
Published 19 Mar, 2017 12:00am
Aizaz aspires to strengthen Pak-US ties, win friends

Aizaz aspires to strengthen Pak-US ties, win friends

Pakistan's new Ambassador to United States Aizaz Ahmed Chaudhry has said that Pakistan and United States had a historic & multi-faceted relationship spanning over seven decades. Pakistan is looking forward to work closely with the new US administration in
Published 19 Mar, 2017 12:00am
UN Commission adopts resolution tabled by Pakistan

UN Commission adopts resolution tabled by Pakistan

On the occasion of its sixtieth anniversary session, the United Nations Commission on Narcotic Drugs (CND) has adopted, by consensus, a resolution tabled by Pakistan, the Foreign Ministry in Islamabad said on Saturday. The resolution is based on the theme
Published 19 Mar, 2017 12:00am
Woman, son booked in child maid torture case

Woman, son booked in child maid torture case

The city police Saturday registered an FIR against a woman and her son in the child maid torture incident and arrested them. A police official said that the city police registered a case against woman Almas and her son Muhammad Ahmed in the child maid tor
Published 19 Mar, 2017 12:00am
HEC abolishes 2-year BA, MA programmes

HEC abolishes 2-year BA, MA programmes

After raising minimum qualification for teachers' appointment in universities and degree awarding institutions, the Higher Education Commission (HEC) has announced phasing out 2-year BA/BSc and 2-year MA/MSc programmes from academic years 2018 and 2020, r
Published 19 Mar, 2017 12:00am
KP Assembly speaker rejects corruption charges

KP Assembly speaker rejects corruption charges

Khyber Pakhtunkhwa Assembly Speaker Asad Qaiser on Saturday rejected all allegations of corruption and misuse of authority, saying he had all the records of his properties and assets. Speaking at a press conference here, the speaker said that he neither o
Published 19 Mar, 2017 12:00am
Six bullets-riddled bodies found in Mohmand Agency

Six bullets-riddled bodies found in Mohmand Agency

Six bullet-riddled bodies of unidentified people have been recovered in the early morning hours of Saturday in Mohmand tribal region. The official of political administration said that the bodies were found in a mountainous area of Mosalkore, an area of M
Published 19 Mar, 2017 12:00am
Pakistan Day parade: Comprehensive security plan chalked out

Pakistan Day parade: Comprehensive security plan chalked out

The city police have chalked out a comprehensive security plan to avert any untoward incident on the occasion of Pakistan Day parade to be held on March 23. An official said that under the security plan, over 2,500 personnel of city police along with pers
Published 19 Mar, 2017 12:00am
SECP holds workshop on principles of corporate governance

SECP holds workshop on principles of corporate governance

In collaboration with the International Finance Corporation (IFC) and Centre for International Private Enterprise (CIPE), the Securities and Exchange Commission of Pakistan (SECP) conducted workshop to raise awareness about Principles of Corporate Governa
Published 19 Mar, 2017 12:00am
Kidnapping, murder cases on the rise in Islamabad

Kidnapping, murder cases on the rise in Islamabad

Incidents of kidnapping and murder have witnessed an increase in federal capital as six cases of abduction and three cases of murder reported to city's various police stations during last week. According to data gathered by Business Recorder, the city's v
Published 19 Mar, 2017 12:00am
Prices of essential kitchen items go up

Prices of essential kitchen items go up

The prices of essential kitchen items especially perishable items and fruits witnessed a significant increase during the past week compared to the preceding week, a survey carried out by Business Recorder revealed on Saturday. According to the details of
Published 19 Mar, 2017 12:00am
Terror attacks decline since Pak-Afghan border closure

Terror attacks decline since Pak-Afghan border closure

Military officials claimed significant decrease in terror attacks in Pakistan since Pak-Afghan border closure on Feb 16. Military sources told Business Recorder on Saturday that Afghanistan is being used by various terrorist outfits to destabilize Pakista
Published 19 Mar, 2017 12:00am
Spot-fixer must be punished, says Hafeez

Spot-fixer must be punished, says Hafeez

Terming spot-fixing in cricket as a crime, all-rounder Mohammad Hafeez Saturday said players proven guilty of corruption in cricket must be punished to the maximum so that one may think twice before committing such a felony. "Everyone can have their opini
Published 19 Mar, 2017 12:00am
Dawson double gives West Brom 3-1 win over Arsenal

Dawson double gives West Brom 3-1 win over Arsenal

Two headers by Craig Dawson and a Hal Robson-Kanu strike lifted West Bromwich Albion to a 3-1 win over Arsenal and piled more misery on their manager Arsene Wenger after a pulsating Premier League clash on Saturday. The result left Arsenal in fifth place
Published 19 Mar, 2017 12:00am
Cummins strikes pull India back, Pujara firm

Cummins strikes pull India back, Pujara firm

Australian fast bowler Pat Cummins claimed four wickets to dent India's reply but Cheteshwar Pujara's unbeaten century left the third Test evenly poised in Ranchi on Saturday. India were 360 for six at stumps on day three, still trailing the visitors by 9
Published 19 Mar, 2017 12:00am
Kuznetsova, Vesnina set up all-Russian Indian Wells final

Kuznetsova, Vesnina set up all-Russian Indian Wells final

Svetlana Kuznetsova toppled world number three Karolina Pliskova 7-6 (7/5), 7-6 (7/2) on Friday to book an all-Russian Indian Wells final against Elena Vesnina. Vesnina powered past France's Kristina Mladenovic 6-3, 6-4, continuing a sparkling campaign th
Published 19 Mar, 2017 12:00am
Track stars to say so long to Bolt

Track stars to say so long to Bolt

Britain's Mo Farah and Kenya's David Rudisha are among the athletes who will compete in the Racers Track Club Grand Prix on June 10, the final Jamaican competition for superstar Usain Bolt, organizers said Friday. The two are part of a star-studded intern
Published 19 Mar, 2017 12:00am
Shabbir Iqbal leads in Punjab Open Golf

Shabbir Iqbal leads in Punjab Open Golf

Shabbir Iqbal, the top ranked professional golfer of the country emerged as the leader at the end of two rounds with scores of 70 on the second day and an aggregate of 139, in the three rounds Punjab Open Golf Championship at the Defence Raya Golf Course.
Published 19 Mar, 2017 12:00am
Maharaj sets 'impossible' win for South Africa

Maharaj sets 'impossible' win for South Africa

South African captain Faf du Plessis hailed an "impossible" victory after the Proteas recovered from a desperate situation to win the second Test against New Zealand by eight wickets in Wellington on Saturday. Keshav Maharaj took a career best six wickets
Published 19 Mar, 2017 12:00am
Bangladesh on top, but Sri Lanka hang on

Bangladesh on top, but Sri Lanka hang on

Mustafizur Rahman and Shakib Al Hasan shared six wickets between them but Sri Lanka fought back through a fighting century of Dimuth Karunaratne in the second Test in Colombo on Saturday. Karunaratne held one end for a long period to score 126 before a do
Published 19 Mar, 2017 12:00am
Euro gets by, with a little help from its friends
Currency

Euro gets by, with a little help from its friends

Zero interest rates, political risk and an uncertain future? The euro currency is holding up quite nicely for all that, with perhaps a little help from its near neighbours. Widespread fears that 2017's packed European electoral calendar poses a threat to
Published 19 Mar, 2017 12:00am
Deutsche Bank turns less bearish on the euro
Currency

Deutsche Bank turns less bearish on the euro

Currency analysts at Deutsche Bank, among the most gloomy on the euro's prospects against the dollar, now expect the currency to hold its ground in coming months before falling below parity with the greenback by the end of the year. George Saravelos, the
Published 19 Mar, 2017 12:00am
Nigeria central bank sells $150 million in forwards
Currency

Nigeria central bank sells $150 million in forwards

Nigeria's central bank said on Tuesday that it had sold $150 million in currency forwards on the interbank market through commercial lenders. The central bank, which has been intervening on the official currency market over the past two weeks, had earlier
Published 19 Mar, 2017 12:00am
Speculators raise long US dollar bets to highest since late January

Speculators raise long US dollar bets to highest since late January

Speculators bolstered bullish bets on the US dollar, pushing net longs to their highest since late January, according to Commodity Futures Trading Commission data released on Friday and calculations by Reuters. The value of the dollar's net long position
Published 19 Mar, 2017 12:00am
EU Commission plans cutting fees on EU currencies payments

EU Commission plans cutting fees on EU currencies payments

The European Commission will propose by the end of the year new rules to cut retail transaction fees for payments in European Union currencies, according to a document seen by Reuters. Transaction charges in the 19-country euro zone are already subject to
Published 19 Mar, 2017 12:00am
Dollar stays weak, but long-term outlook still upbeat
Currency

Dollar stays weak, but long-term outlook still upbeat

The dollar fell to a five-week low on Friday, remaining under pressure for a third straight session after the Federal Reserve quashed hopes for a further currency bull run by keeping a gradual rate-hiking pace. "At the moment, the dollar remains in correc
Published 19 Mar, 2017 12:00am
Canadian dollar pads weekly gain
Currency

Canadian dollar pads weekly gain

The Canadian dollar edged higher on Friday against its US counterpart, padding this week's gains as stronger-than-expected domestic manufacturing data supported prospects of the Bank of Canada dropping its cautious stance. Canadian manufacturing sales une
Published 19 Mar, 2017 12:00am
Czech FX cap seen scrapped in April or May as inflation rises
Currency

Czech FX cap seen scrapped in April or May as inflation rises

The Czech central bank will exit its cap on currency strength in April or May and may do so outside of regularly planned policy meetings, a Reuters poll showed on Wednesday, as inflation picks up faster than expected. The central bank meets for a regular
Published 19 Mar, 2017 12:00am
Daily FX trade more like $3 trillion than 5: CLS
Currency

Daily FX trade more like $3 trillion than 5: CLS

The world's biggest financial market may be only half as big as you thought it was. That's the suggestion of a change in methodology by global settlement bank CLS which leaves out various double-counted and internal bank trades that for years have inflate
Published 19 Mar, 2017 12:00am
Wall Street flat as banks, Amgen weigh; Adobe rallies

Wall Street flat as banks, Amgen weigh; Adobe rallies

US stocks dipped on Friday as bank shares fell alongside Treasury yields while Adobe helped buoy the S&P tech sector and the Nasdaq Composite. Amgen was the largest drag on both the S&P 500 and Nasdaq, down 6.4 percent at $168.61, after the extent of a ch
Published 19 Mar, 2017 12:00am
Share turnover by fund managers not helping business: expert

Share turnover by fund managers not helping business: expert

Fund managers who are usually seen as the market's more patient investors are not holding shares long enough to encourage firms to adjust for a more environmentally sustainable future or deal with other long-term risks, an influential think-tank said.
Published 19 Mar, 2017 12:00am
Share turnover by fund managers not helping business: expert

Share turnover by fund managers not helping business: expert

Fund managers who are usually seen as the market's more patient investors are not holding shares long enough to encourage firms to adjust for a more environmentally sustainable future or deal with other long-term risks, an influential think-tank said.
Published 19 Mar, 2017 12:00am
Treasuries outlook: yields dip after soft US March inflation reading

Treasuries outlook: yields dip after soft US March inflation reading

US Treasury yields edged lower on Friday after data showing low inflation in March suggested that the Federal Reserve could aim for a slower pace of interest rate hikes this year than it had forecast on Wednesday. US 30-year and 10-year Treasury yields, w
Published 19 Mar, 2017 12:00am
Treasuries outlook: yields dip after soft US March inflation reading

Treasuries outlook: yields dip after soft US March inflation reading

US Treasury yields edged lower on Friday after data showing low inflation in March suggested that the Federal Reserve could aim for a slower pace of interest rate hikes this year than it had forecast on Wednesday. US 30-year and 10-year Treasury yields, w
Published 19 Mar, 2017 12:00am
Gestamp plans $3.6 billion Spanish listing

Gestamp plans $3.6 billion Spanish listing

Spanish car parts maker Gestamp is planning an IPO valuing it at around 3.4 billion euros ($3.6 billion), one of the biggest European stock market listings so far this year. Gestamp supplies parts for more than 800 models of cars for manufacturers includi
Published 19 Mar, 2017 12:00am
Gestamp plans $3.6 billion Spanish listing

Gestamp plans $3.6 billion Spanish listing

Spanish car parts maker Gestamp is planning an IPO valuing it at around 3.4 billion euros ($3.6 billion), one of the biggest European stock market listings so far this year. Gestamp supplies parts for more than 800 models of cars for manufacturers includi
Published 19 Mar, 2017 12:00am
Japan launches new index of well run, high-return small companies

Japan launches new index of well run, high-return small companies

The Tokyo Stock Exchange launched a new stock index on Monday, selecting 200 companies among small-to-mid-cap firms with high return on equity and operating profits as well as strong corporate governance. JPX-Nikkei Mid- and Small-Cap Index is modelled on
Published 19 Mar, 2017 12:00am
TSX ends down as financials, commodity stocks retreat

TSX ends down as financials, commodity stocks retreat

Canada's benchmark stock index fell on Friday as financial stocks lost ground along with bond yields and as natural resource companies pulled back despite an uptick in commodity prices. The heavyweight financials group lost 0.6 percent, with insurance com
Published 19 Mar, 2017 12:00am
Kuwait hastens GCC market's evolution

Kuwait hastens GCC market's evolution

Bond market debutant Kuwait overcame growing fears about higher Treasury yields to sell the biggest EM sovereign deal this year, marking another big step in the Gulf region's evolution into a fully-fledged market. Kuwait was the only Gulf sovereign - bar
Published 19 Mar, 2017 12:00am
Brazil's BRF mulls options to halal unit IPO

Brazil's BRF mulls options to halal unit IPO

Brazil's BRF SA is analyzing other options instead of an initial public offering for halal food unit One Foods Holdings Ltd, and has engaged in talks for a private stake sale to sovereign wealth and buyout funds, four people familiar with the plan said on
Published 19 Mar, 2017 12:00am
Brazil's BRF mulls options to halal unit IPO

Brazil's BRF mulls options to halal unit IPO

Brazil's BRF SA is analyzing other options instead of an initial public offering for halal food unit One Foods Holdings Ltd, and has engaged in talks for a private stake sale to sovereign wealth and buyout funds, four people familiar with the plan said on
Published 19 Mar, 2017 12:00am
China hits back at foreign scrutiny on its excess steel capacity

China hits back at foreign scrutiny on its excess steel capacity

China should not be singled out in a fight against excess steel capacity that requires stronger global cooperation, Wang Shouwen, a vice commerce minister, said on Saturday. "When we are talking about overcapacity in the steel sector, China should not be
Published 19 Mar, 2017 12:00am
Turkey starts building 'world's longest suspension bridge'

Turkey starts building 'world's longest suspension bridge'

Turkey on Saturday started work on building what it says will be the world's longest suspension bridge, spanning the Dardanelles strait that divides Europe and Asia. The bridge is the latest in a succession of massively ambitious infrastructure projects c
Published 19 Mar, 2017 12:00am
Jack Ma to launch Alibaba's regional distribution hub in Malaysia

Jack Ma to launch Alibaba's regional distribution hub in Malaysia

Chinese e-commerce giant Alibaba Group Holding Limited plans to set up a regional distribution hub in Malaysia to cater to its fast-growing business in the region, two sources aware of the discussions said. The hub would be sited within KLIA Aeropolis, a
Published 19 Mar, 2017 12:00am
IMF cuts Colombia 2017 economic growth estimate to 2.3 percent
Currency

IMF cuts Colombia 2017 economic growth estimate to 2.3 percent

The International Monetary Fund on Friday cut its 2017 forecast for Colombian economic growth to 2.3 percent from 2.6 percent, citing political uncertainty and financial market volatility. The IMF's projection is below the government's GDP target of 2.5 p
Published 19 Mar, 2017 12:00am
IMF cuts Colombia 2017 economic growth estimate to 2.3 percent
Currency

IMF cuts Colombia 2017 economic growth estimate to 2.3 percent

The International Monetary Fund on Friday cut its 2017 forecast for Colombian economic growth to 2.3 percent from 2.6 percent, citing political uncertainty and financial market volatility. The IMF's projection is below the government's GDP target of 2.5 p
Published 19 Mar, 2017 12:00am
POSCO offers to surrender land for planned India steel project

POSCO offers to surrender land for planned India steel project

South Korean steelmaker POSCO has asked the eastern state of Odisha in India to take back land it acquired for a $12 billion steel project as it has not been able to start work, two senior state officials said on Saturday. The move could be a sign that th
Published 19 Mar, 2017 12:00am
Siemens says failure to publish company history not a cover-up

Siemens says failure to publish company history not a cover-up

Germany industrial and engineering giant Siemens said a decision not to publish a manuscript about the company's recent history, including some findings about a corruption scandal, did not amount to a cover-up. German weekly Der Spiegel said Siemens had f
Published 19 Mar, 2017 12:00am
China's Ant confident of closing MoneyGram deal

China's Ant confident of closing MoneyGram deal

Ant Financial Services Group, the world's largest financial technology company, is confident of closing a deal for US money-transfer firm MoneyGram International Inc, a top executive told Reuters, despite a higher bid from a US rival. The proposed $880 mi
Published 19 Mar, 2017 12:00am
Buffett's pay rises; Berkshire urges rejection of shareholder proposals

Buffett's pay rises; Berkshire urges rejection of shareholder proposals

Warren Buffett's compensation for running Berkshire Hathaway Inc edged up 4.0 percent last year to $487,881 reflecting the higher cost of keeping the world's second-richest person safe Buffett's pay was disclosed in a Friday regulatory filing, in which Be
Published 19 Mar, 2017 12:00am
Italy proposes Profumo as new Leonardo CEO, confirms Eni, Enel chiefs

Italy proposes Profumo as new Leonardo CEO, confirms Eni, Enel chiefs

The Italian Treasury on Saturday proposed that veteran banker Alessandro Profumo be named the new chief executive of defence and aerospace company Leonardo , in a round of new appointments at state-controlled firms. Profumo, who stepped down as chairman o
Published 19 Mar, 2017 12:00am
EBRD to resume lending in Uzbekistan

EBRD to resume lending in Uzbekistan

The European Bank for Reconstruction and Development (EBRD) said Friday it was set to resume lending in ex-Soviet Uzbekistan Friday after a rights row wrecked their ties more than a decade ago. The EBRD said in a statement that it was looking at "increasi
Published 19 Mar, 2017 12:00am
Venezuela has a 'let them eat cake' moment

Venezuela has a 'let them eat cake' moment

After living through shortages of water, electricity, medicine, banknotes and beer, Venezuelans are now struggling to find one of the most basic foodstuffs of all, unleashing what President Nicolas Maduro has dubbed the "Bread War." Bread has become all b
Published 19 Mar, 2017 12:00am
Chairman of China's Anbang bullish on Europe's 'cheap assets'

Chairman of China's Anbang bullish on Europe's 'cheap assets'

The chairman of China's privately-held Anbang Insurance Group said at the China Development Forum on Saturday he is bullish on investing in Europe despite great uncertainty over issues including refugees, economic challenges and rising populism. Europe ha
Published 19 Mar, 2017 12:00am
Chairman of China's Anbang bullish on Europe's 'cheap assets'

Chairman of China's Anbang bullish on Europe's 'cheap assets'

The chairman of China's privately-held Anbang Insurance Group said at the China Development Forum on Saturday he is bullish on investing in Europe despite great uncertainty over issues including refugees, economic challenges and rising populism. Europe ha
Published 19 Mar, 2017 12:00am
China home price gains spread in February

China home price gains spread in February

China's red-hot property market picked up pace in February after price gains had slowed in the previous four months, with average new home prices in 70 major cities edging up in spite of a raft of new government curbs aimed at tempering speculative demand
Published 19 Mar, 2017 12:00am
Moody's cuts Turkey's outlook to 'negative' as politics weigh

Moody's cuts Turkey's outlook to 'negative' as politics weigh

Ratings agency Moody's on Friday cut its outlook for Turkey to "negative" from "stable", citing continuing erosion of its institutional strength - the latest hit for an emerging market struggling to win back investor favour. Once seen as one of the world'
Published 19 Mar, 2017 12:00am
Moody's cuts Turkey's outlook to 'negative' as politics weigh

Moody's cuts Turkey's outlook to 'negative' as politics weigh

Ratings agency Moody's on Friday cut its outlook for Turkey to "negative" from "stable", citing continuing erosion of its institutional strength - the latest hit for an emerging market struggling to win back investor favour. Once seen as one of the world'
Published 19 Mar, 2017 12:00am
US consumer agency unconstitutional: Justice Department

US consumer agency unconstitutional: Justice Department

The US Justice Department on Friday took the unusual step of siding against another government agency in a high-stakes court case, another signal of the Trump administration's move away from regulation. The court case hinges on whether President Donald Tr
Published 19 Mar, 2017 12:00am
Beijing, Saudi Arabia agree to more oil cooperation, exports to China

Beijing, Saudi Arabia agree to more oil cooperation, exports to China

China and Saudi Arabia will increase their cooperation in the oil sector, including in Saudi oil exports to China, the two countries said in a joint communique issued on Saturday at the end of Saudi Arabian King Salman's visit to Beijing. The world's larg
Published 19 Mar, 2017 12:00am
Juncker warns against EU-US trade war

Juncker warns against EU-US trade war

European Commission President Jean-Claude Juncker warned in a newspaper interview that a trade war between the United States and Europe would not be good for either. Asked by Bild am Sonntag newspaper whether Europe could withstand a trade war with the Un
Published 19 Mar, 2017 12:00am
Global growth strengthens but 'wrong' policies may halt it: Lagarde

Global growth strengthens but 'wrong' policies may halt it: Lagarde

International Monetary Fund Managing Director Christine Lagarde said on Saturday that global growth was gaining strength, but cautioned that the "wrong" policies "could stop the new momentum in its tracks." In a statement issued at the end of a Group of 2
Published 19 Mar, 2017 12:00am
Global growth strengthens but 'wrong' policies may halt it: Lagarde

Global growth strengthens but 'wrong' policies may halt it: Lagarde

International Monetary Fund Managing Director Christine Lagarde said on Saturday that global growth was gaining strength, but cautioned that the "wrong" policies "could stop the new momentum in its tracks." In a statement issued at the end of a Group of 2
Published 19 Mar, 2017 12:00am
Australian deputy PM flags lifting gas drilling bans

Australian deputy PM flags lifting gas drilling bans

Australia's deputy prime minister said he would support lifting bans on coal seam gas (CSG) drilling if landowners were given a bigger slice of royalties, a significant policy shift as the country scrambles to avoid a looming energy crisis. Australia, wit
Published 19 Mar, 2017 12:00am
Last RBS investor group held settlement talks over 2008 cash call

Last RBS investor group held settlement talks over 2008 cash call

Lawyers representing tens of thousands of Royal Bank of Scotland (RBS) shareholders have held tentative talks to settle a 1.2 billion pound ($1.5 billion) damages claim over the lender's 2008 rights issue that was launched shortly before a state bailout,
Published 19 Mar, 2017 12:00am
McDonald's shareholders to weigh giving franchisees board seat

McDonald's shareholders to weigh giving franchisees board seat

McDonald's Corp investors will vote soon on whether to give the franchisees who operate most of the fast-food chain's restaurants the opportunity to elect a board member, the proponent of a shareholder proposal said on Friday. The proposal, which faces lo
Published 19 Mar, 2017 12:00am
Cotton prices firm on improved trade activity
Cotton

Cotton prices firm on improved trade activity

Firmness prevailed on the cotton market on Saturday as needy mills did purchasing of quality lint to replenish their stock, dealers said. The official spot rate was unchanged at RS 6750, they said. In Punjab prices of phutti were unchanged at Rs 3750-3800
Published 19 Mar, 2017 12:00am
Rice prices advance in India, Vietnam while fall in Thailand

Rice prices advance in India, Vietnam while fall in Thailand

Rice prices in India and Vietnam advanced while Thai prices dropped due to a weaker baht, traders said on Thursday. India's 5 percent broken parboiled rice prices fell by $3 per tonne to $372 to $377 per tonne on weak demand, even as rupee appreciation wa
Published 19 Mar, 2017 12:00am
EU wheat futures mostly lower on stronger euro
Currency

EU wheat futures mostly lower on stronger euro

European wheat futures were mostly lower on Thursday as a stronger euro increased concerns about the growing competitiveness of the United States in major export markets. May milling wheat on Paris-based Euronext ended unchanged at 172.50 euros a tonne bu
Published 19 Mar, 2017 12:00am
Chinese iron ore extends gains as steel holds near 3-year high

Chinese iron ore extends gains as steel holds near 3-year high

Shanghai rebar steel futures cut early losses to end near a three-year high on Thursday, helping raw material iron ore extend gains to a fifth session in a row. Hopes of stronger infrastructure spending and property sales in China helped steel prices surg
Published 19 Mar, 2017 12:00am
Argentine soya, corn benefiting from good weather

Argentine soya, corn benefiting from good weather

Argentine corn and soya should benefit this season from high yields brought by good weather, the Buenos Aires Grains Exchange said on Thursday, adding that it may increase its harvest estimate above the current 54.8 million tonnes. The South American grai
Published 19 Mar, 2017 12:00am
CBOT soyabeans futures higher

CBOT soyabeans futures higher

Chicago Board of Trade soyabean futures closed higher Thursday in a light technical rebound following an eight-session sell-off, traders said. The CBOT May soyabean contract settled up 3-1/2 cents at $10.01-1/2 per bushel, after dipping to $9.92, a four-m
Published 19 Mar, 2017 12:00am
CBOT wheat futures flat

CBOT wheat futures flat

Front-month wheat futures on the Chicago Board of Trade settled flat on Thursday, trailing advances in Kansas City hard red winter and MGEX hard red spring wheat futures tied to improving export demand, traders said. CBOT May wheat ended unchanged at $4.3
Published 19 Mar, 2017 12:00am
Weak El Nino to have small impact on Asian crops this year

Weak El Nino to have small impact on Asian crops this year

A weak El Nino weather pattern forecast to develop across Asia this year will have only slight impact on production of crops such as wheat, palm oil, rice and oilseeds, a meteorologist said on Tuesday. "The forecast is for a weak El Nino, which means slig
Published 19 Mar, 2017 12:00am
Gold premiums rise in China on limited supply
Currency

Gold premiums rise in China on limited supply

Gold premiums rose in China this week as traders said supply of the precious metal was limited due to tightening import restrictions to stem currency outflows. Premiums climbed to over $20 an ounce against the international benchmark from $15-$17 last wee
Published 19 Mar, 2017 12:00am
Favourable weather boosts hopes for Russia, Ukraine grain crops

Favourable weather boosts hopes for Russia, Ukraine grain crops

Favourable weather ahead of spring sowing in Black Sea grain producers Russia and Ukraine is boosting hopes of a large harvest, analysts, officials and traders said, although it will likely fall short of last year's record. Spring grain sowing in Russia,
Published 19 Mar, 2017 12:00am
Brazil's new terminal to boost shipping capacity for soyabean, sugar

Brazil's new terminal to boost shipping capacity for soyabean, sugar

A new terminal near completion in Latin America's largest port in Santos, Brazil, is expected to add an extra 20 percent to its grains and sugar capacity, boosting shipping services just as the country produces bumper crops. The 2.2 billion reais ($694 mi
Published 19 Mar, 2017 12:00am
Asian naphtha margins ease but North Asian demand firm

Asian naphtha margins ease but North Asian demand firm

The Asian naphtha margins eased on Thursday but demand from North Asian buyers remained firm, traders said. South Korea's LG Chem entered the market seeking 22,500 to 27,500 tonnes of open-specification naphtha for delivery into Daesan or Yeosu over first
Published 19 Mar, 2017 12:00am
German wheat and rapeseed harvests seen up

German wheat and rapeseed harvests seen up

Germany's 2017 wheat crop is expected to increase 2.2 percent on the year to 25.13 million tonnes, the country's association of farm cooperatives said on Wednesday. The association forecast Germany's 2017 winter rapeseed crop at 4.86 million tonnes, up 5.
Published 19 Mar, 2017 12:00am
Vietnam's coffee discounts tighten on low supply

Vietnam's coffee discounts tighten on low supply

Discounts for Vietnamese coffee tightened this week on lower stockpile while the market is expected to be more robust in Indonesia as supplies rise when an upcoming harvest season starts, traders said on Thursday. Prices in Daklak, Vietnam's largest coffe
Published 19 Mar, 2017 12:00am
Freight rates for VLCC to remain under pressure on excess tonnage

Freight rates for VLCC to remain under pressure on excess tonnage

Freight rates for very large crude carriers (VLCCs) are likely to remain under pressure with hire rates from the Middle East to Asia tracking lower in the face of excess tonnage in the market, brokers said. Cuts in the output from Iraq and West Africa thi
Published 19 Mar, 2017 12:00am
European vegoils: palm oil rises on El Nino worries
Currency

European vegoils: palm oil rises on El Nino worries

Palm oil on the European vegetable oils market rose on Thursday on concerns that an El Nino weather pattern could return this year, which would cause dryness and cut palm fruit yields. A stronger ringgit also underpinned prices. Asking prices for palm oil
Published 19 Mar, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (March 18, 2017).

Published 19 Mar, 2017 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

No major changes were seen on the money market on Saturday as the rupee managed to hold overnight levels against the dollar in process of trading, dealers said. The rupee was unchanged in relation to the dollar for buying and selling at Rs 106.50 and Rs 1
Published 19 Mar, 2017 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

No major changes were seen on the money market on Saturday as the rupee managed to hold overnight levels against the dollar in process of trading, dealers said. The rupee was unchanged in relation to the dollar for buying and selling at Rs 106.50 and Rs 1
Published 19 Mar, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 18, 2017).

Published 19 Mar, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 18, 2017).

Published 19 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 18, 2017).

Published 19 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 18, 2017).

Published 19 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 18, 2017)

Published 19 Mar, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 18, 2017).

Published 19 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 18, 2017).

Published 19 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 18, 2017).

Published 19 Mar, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (March 18, 2017) and the forecast for Sunday (March 19, 2017).

Published 19 Mar, 2017 12:00am
Zardari seeks new US policy on Pakistan

Zardari seeks new US policy on Pakistan

Former President Asif Ali Zardari has claimed that his Pakistan People's Party is the only entity in Pakistan that stands unambiguously in fight against terrorism and extremism - offering a comprehensive strategy that encompasses co-ordinated civilian lea
Published 19 Mar, 2017 12:00am
Zardari seeks new US policy on Pakistan

Zardari seeks new US policy on Pakistan

Former President Asif Ali Zardari has claimed that his Pakistan People's Party is the only entity in Pakistan that stands unambiguously in fight against terrorism and extremism - offering a comprehensive strategy that encompasses co-ordinated civilian lea
Published 19 Mar, 2017 12:00am
Indian delegation due today

Indian delegation due today

An Indian delegation will reach Pakistan via Wagha border (Lahore) on Sunday (today). Pakistan and India will discuss water related issues at a meeting, which will be held in Islamabad on Monday (tomorrow).
Published 19 Mar, 2017 12:00am
Indian delegation due today

Indian delegation due today

An Indian delegation will reach Pakistan via Wagha border (Lahore) on Sunday (today). Pakistan and India will discuss water related issues at a meeting, which will be held in Islamabad on Monday (tomorrow).
Published 19 Mar, 2017 12:00am
MQM Pakistan celebrates first Foundation Day

MQM Pakistan celebrates first Foundation Day

MQM Pakistan celebrated its 33rd Foundation Day on Saturday with preparations in the Jinnah Ground of PIB Colony. The stage is set for arrival of supporters and workers alike as flags of Muttahida Quami Movement (MQM) Pakistan can be seen waving everywher
Published 19 Mar, 2017 12:00am
Radd-ul-Fasaad: 46 suspects apprehended, over 30 terrorists killed: ISPR

Radd-ul-Fasaad: 46 suspects apprehended, over 30 terrorists killed: ISPR

The launch of Radd-ul-Fasaad on February 22, 2017 accounts for 46 suspects apprehended, including 11 Afghans, more than 30 terrorists killed, and the recovery of weapons and ammunition, in different raids, according to ISPR. Ten officers of Army, Frontier
Published 19 Mar, 2017 12:00am
Radd-ul-Fasaad: 46 suspects apprehended, over 30 terrorists killed: ISPR

Radd-ul-Fasaad: 46 suspects apprehended, over 30 terrorists killed: ISPR

The launch of Radd-ul-Fasaad on February 22, 2017 accounts for 46 suspects apprehended, including 11 Afghans, more than 30 terrorists killed, and the recovery of weapons and ammunition, in different raids, according to ISPR. Ten officers of Army, Frontier
Published 19 Mar, 2017 12:00am
Petition challenges sell-off of three airports: IHC issues notices

Petition challenges sell-off of three airports: IHC issues notices

The Islamabad High Court (IHC) on Saturday issued notices to secretary aviation division, DG Civil Aviation Authority (CAA), advisor to prime minister on aviation and chairman Privatisation Commission in connection with a petition challenging privatisatio
Published 19 Mar, 2017 12:00am
Petition challenges sell-off of three airports: IHC issues notices

Petition challenges sell-off of three airports: IHC issues notices

The Islamabad High Court (IHC) on Saturday issued notices to secretary aviation division, DG Civil Aviation Authority (CAA), advisor to prime minister on aviation and chairman Privatisation Commission in connection with a petition challenging privatisatio
Published 19 Mar, 2017 12:00am
Petition challenges sell-off of three airports: IHC issues notices

Petition challenges sell-off of three airports: IHC issues notices

The Islamabad High Court (IHC) on Saturday issued notices to secretary aviation division, DG Civil Aviation Authority (CAA), advisor to prime minister on aviation and chairman Privatisation Commission in connection with a petition challenging privatisatio
Published 19 Mar, 2017 12:00am
Missing Indian clerics surface in Karachi

Missing Indian clerics surface in Karachi

Two Indian Sufi clerics, who had gone missing in Pakistan for the past three days, surfaced in Karachi on Saturday. The clerics identified as Asif Nizami and his friend Nazim Nizami, belong to Delhi's Hazrat Nizamuddin Dargah. The duo had travelled to Pak
Published 19 Mar, 2017 12:00am
Missing Indian clerics surface in Karachi

Missing Indian clerics surface in Karachi

Two Indian Sufi clerics, who had gone missing in Pakistan for the past three days, surfaced in Karachi on Saturday. The clerics identified as Asif Nizami and his friend Nazim Nizami, belong to Delhi's Hazrat Nizamuddin Dargah. The duo had travelled to Pak
Published 19 Mar, 2017 12:00am
Rs 300 billion stuck in appeals: FBR to revise ADR system in budget

Rs 300 billion stuck in appeals: FBR to revise ADR system in budget

The Federal Board of Revenue (FBR) has decided to revise the whole system of Alternative Dispute Resolution (ADR) committees in budget (2017-18) under the plan to reduce litigation of Rs 300 billion stuck up in appeals. Sources told Business Recorder here
Published 19 Mar, 2017 12:00am
Rs 300 billion stuck in appeals: FBR to revise ADR system in budget

Rs 300 billion stuck in appeals: FBR to revise ADR system in budget

The Federal Board of Revenue (FBR) has decided to revise the whole system of Alternative Dispute Resolution (ADR) committees in budget (2017-18) under the plan to reduce litigation of Rs 300 billion stuck up in appeals. Sources told Business Recorder here
Published 19 Mar, 2017 12:00am
Rs 300 billion stuck in appeals: FBR to revise ADR system in budget

Rs 300 billion stuck in appeals: FBR to revise ADR system in budget

The Federal Board of Revenue (FBR) has decided to revise the whole system of Alternative Dispute Resolution (ADR) committees in budget (2017-18) under the plan to reduce litigation of Rs 300 billion stuck up in appeals. Sources told Business Recorder here
Published 19 Mar, 2017 12:00am
US, China to cooperate on 'dangerous' North Korea situation

US, China to cooperate on 'dangerous' North Korea situation

The US and China pledged on Saturday to work together in addressing the threat posed by North Korea's nuclear programme, as US Secretary of State Rex Tillerson warned regional tensions had reached a "dangerous level." The language from Tillerson and his C
Published 19 Mar, 2017 12:00am
US, China to cooperate on 'dangerous' North Korea situation

US, China to cooperate on 'dangerous' North Korea situation

The US and China pledged on Saturday to work together in addressing the threat posed by North Korea's nuclear programme, as US Secretary of State Rex Tillerson warned regional tensions had reached a "dangerous level." The language from Tillerson and his C
Published 19 Mar, 2017 12:00am
G20 ministers fail to get US on board for trade

G20 ministers fail to get US on board for trade

Finance ministers from the world's biggest economies on Saturday failed to get the US to renew an anti-protectionist pledge and a vow to fight climate change, in the face of Donald Trump's "America First" push. After a two-day meeting, ministers from G20
Published 19 Mar, 2017 12:00am
G20 ministers fail to get US on board for trade

G20 ministers fail to get US on board for trade

Finance ministers from the world's biggest economies on Saturday failed to get the US to renew an anti-protectionist pledge and a vow to fight climate change, in the face of Donald Trump's "America First" push. After a two-day meeting, ministers from G20
Published 19 Mar, 2017 12:00am
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