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Archive - 2017-03-26
The buck stops with Trump
World Top News

The buck stops with Trump

WASHINGTON: Donald Trump sat in the Oval Office on Friday evening in an unfamiliar position -- having to own f
Published 26 Mar, 2017 12:10pm
China's Li in New Zealand for trade talks
Front Top News

China's Li in New Zealand for trade talks

  WELLINGTON: New Zealand said Sunday it did not plan to "choose sides" on trade between the United States and Chi
Published 26 Mar, 2017 08:56am
Goldman sees US bonds least expensive against major peers

Goldman sees US bonds least expensive against major peers

A top Goldman Sachs strategist said on Tuesday that US Treasuries are the least pricy compared with their major counterparts, whose yields have been held down by bond purchases from their respective central banks. "Since last November, US bonds have been
Published 26 Mar, 2017 12:00am
Treasuries outlook: bonds gain as healthcare reform in doubt

Treasuries outlook: bonds gain as healthcare reform in doubt

US Treasury prices gained on Friday on growing doubts about the ability of lawmakers in Washington to pass healthcare reform, which boosted demand for safe-haven debt. US Republican lawmakers struggling to overcome differences over new healthcare legislat
Published 26 Mar, 2017 12:00am
Treasuries outlook: bonds gain as healthcare reform in doubt

Treasuries outlook: bonds gain as healthcare reform in doubt

US Treasury prices gained on Friday on growing doubts about the ability of lawmakers in Washington to pass healthcare reform, which boosted demand for safe-haven debt. US Republican lawmakers struggling to overcome differences over new healthcare legislat
Published 26 Mar, 2017 12:00am
Saudi bourse to start new settlement period, short-selling on April 23

Saudi bourse to start new settlement period, short-selling on April 23

Saudi Arabia's stock exchange said it would extend the period for settling trades and introduce short-selling on April 23, reforms that may help the market join international equity indexes, attracting billions of dollars of fresh investment. From April 2
Published 26 Mar, 2017 12:00am
Kenya sells first ever mobile government bonds

Kenya sells first ever mobile government bonds

Kenya, a pioneer in mobile money, on Thursday began selling the first ever government bonds via mobile phone, allowing anyone from teachers to shop owners to invest and fund infrastructure projects. The bond is named M-Akiba, which means "mobile savings"
Published 26 Mar, 2017 12:00am
Kenya sells first ever mobile government bonds

Kenya sells first ever mobile government bonds

Kenya, a pioneer in mobile money, on Thursday began selling the first ever government bonds via mobile phone, allowing anyone from teachers to shop owners to invest and fund infrastructure projects. The bond is named M-Akiba, which means "mobile savings"
Published 26 Mar, 2017 12:00am
Brazil scandal tests JBS, BRF push for overseas units IPOs

Brazil scandal tests JBS, BRF push for overseas units IPOs

Brazil's two largest food processors are striving to restore confidence in their quality controls as they pursue plans to list overseas units after a scandal over alleged bribery of health officials that triggered bans on Brazilian meat exports. On Friday
Published 26 Mar, 2017 12:00am
Brazil scandal tests JBS, BRF push for overseas units IPOs

Brazil scandal tests JBS, BRF push for overseas units IPOs

Brazil's two largest food processors are striving to restore confidence in their quality controls as they pursue plans to list overseas units after a scandal over alleged bribery of health officials that triggered bans on Brazilian meat exports. On Friday
Published 26 Mar, 2017 12:00am
China win for Apple as court overturns iPhone ruling

China win for Apple as court overturns iPhone ruling

A Beijing court has overturned a ruling that Apple's iPhone 6 violated a Chinese manufacturer's patent which saw the US tech giant ordered to cease selling the smartphone in China. In May last year the Beijing intellectual property bureau had ruled that A
Published 26 Mar, 2017 12:00am
Third plane bought under sanctions deal arrives in Iran

Third plane bought under sanctions deal arrives in Iran

An Airbus A330 airliner arrived in Tehran on Saturday, the third of 200 Western-built passenger aircraft ordered by IranAir following the lifting of sanctions on Iran last year. The long-haul A330-200 landed at Tehran's Mehrabad airport, the official news
Published 26 Mar, 2017 12:00am
South Africa's Gordhan to court investors in Britain, US

South Africa's Gordhan to court investors in Britain, US

South African Finance Minister Pravin Gordhan embarks on a week-long non-deal investor roadshow in Britain and the United States on Monday as weak economic growth and ruling party tensions put the country's investment grade at risk. Africa's most industri
Published 26 Mar, 2017 12:00am
South Africa's Gordhan to court investors in Britain, US

South Africa's Gordhan to court investors in Britain, US

South African Finance Minister Pravin Gordhan embarks on a week-long non-deal investor roadshow in Britain and the United States on Monday as weak economic growth and ruling party tensions put the country's investment grade at risk. Africa's most industri
Published 26 Mar, 2017 12:00am
SeaWorld to expand in China after investment deal

SeaWorld to expand in China after investment deal

A Chinese real estate investment firm has announced it has become the largest shareholder in SeaWorld and intends to import the US company's controversial theme parks into China. The Zhonghong Zhuoye group said in a statement released Friday night it will
Published 26 Mar, 2017 12:00am
Tame Canada inflation indicates no rush for rate hike

Tame Canada inflation indicates no rush for rate hike

Canada's annual inflation hit the central bank's 2.0 percent target in February for the second month in a row, but closely watched core measures remained tame, indicating little pressure for a rate hike. Analysts in a Reuters poll had expected inflation t
Published 26 Mar, 2017 12:00am
Bank of England to charge banks for additional 'Brexit' costs

Bank of England to charge banks for additional 'Brexit' costs

The Bank of England is to increase the fees it levies on the banks it regulates to meet additional costs resulting from Britain's move to leave the European Union - and may have to ask for more cash later on. The central bank's Prudential Regulation Autho
Published 26 Mar, 2017 12:00am
ECB's next policy moves are in flux: Bundesbank

ECB's next policy moves are in flux: Bundesbank

The European Central Bank's next policy moves and the order they come in are still up in the air and might even include a rate hike or sales of bonds, a director at Germany's central bank said. Joachim Wuermeling's comments signal Germany's impatience wit
Published 26 Mar, 2017 12:00am
ECB's chief economist stands by pledge to keep policy easy
Currency

ECB's chief economist stands by pledge to keep policy easy

The European Central Bank's chief economist stood by the ECB's pledge to keep its policy easy after comments by other rate-setters raised questions about the bank's next moves. In a newspaper interview published on Friday, Peter Praet also took on euro-ho
Published 26 Mar, 2017 12:00am
Europe's financial lifeline from London in doubt

Europe's financial lifeline from London in doubt

For companies in the European Union, London is the chief gateway to finance. Rerouting the financial lines that run through London will be complex, experts say. London dominates wholesale banking in Europe, a 5.8 trillion euro ($6.2 trillion) industry tha
Published 26 Mar, 2017 12:00am
Venezuela increased fuel exports to allies even as supply crunch loomed

Venezuela increased fuel exports to allies even as supply crunch loomed

A gasoline shortage in Opec member Venezuela was exacerbated by an increase in fuel exports to foreign allies such as Cuba and Nicaragua and an exodus of crucial personnel from state-run energy company PDVSA, according to internal PDVSA documents and sour
Published 26 Mar, 2017 12:00am
Tesco nearing deal with Serious Fraud Office

Tesco nearing deal with Serious Fraud Office

Britain's biggest retailer Tesco is in advanced talks with the Serious Fraud Office (SFO) over a plea deal that would involve it paying a large fine over its 2014 profit overstatement, Sky news said on Saturday. Sky said it had learned that lawyers acting
Published 26 Mar, 2017 12:00am
Australian banks hike home loan rates as regulators tighten screws

Australian banks hike home loan rates as regulators tighten screws

Two of Australia's largest banks jacked up mortgage rates for speculative buyers on Friday as part of an intensifying campaign by regulators to hose down a heated housing market. The out-of-cycle hikes come at a time when the central bank held rates stead
Published 26 Mar, 2017 12:00am
Shell sells Gabon onshore energy assets

Shell sells Gabon onshore energy assets

Royal Dutch Shell has sold its onshore oil and gas interests in the central African nation of Gabon for $587 million to private equity firm Carlyle Group, it said Friday. The Anglo-Dutch energy giant announced in a statement that it has sold the assets to
Published 26 Mar, 2017 12:00am
Credit Suisse CEO pockets $12 million despite back-to-back losses

Credit Suisse CEO pockets $12 million despite back-to-back losses

Credit Suisse Chief Executive Tidjane Thiam's pay for his first full year in the job swelled to 11.9 million Swiss francs ($12 million), while bonuses rose 6 percent despite back-to-back annual losses at Switzerland's second-biggest bank. Executive pay is
Published 26 Mar, 2017 12:00am
Sri Lanka raises rates to curb inflation, credit growth
Currency

Sri Lanka raises rates to curb inflation, credit growth

Sri Lanka's central bank raised interest rates for the first time in eight months on Friday, saying tighter policy was a precaution against a build-up of inflationary pressures. Its fourth tightening step in 16 months comes two weeks after the Internation
Published 26 Mar, 2017 12:00am
Egypt resumes Brazil meat imports

Egypt resumes Brazil meat imports

Egypt said on Saturday it would resume importing meat from Brazil after a brief suspension following allegations that exporters in the Latin American country had sold tainted beef and poultry. "We suspended it (this week) until we found out what happened
Published 26 Mar, 2017 12:00am
Germany calls for EU help in steel showdown with US

Germany calls for EU help in steel showdown with US

Germany on Friday called on the European Commission to back its steelmakers by insisting on global trade rules in a dispute with US competitors. The US Department of Commerce has launched "dumping" proceedings against foreign steel firms, including two Ge
Published 26 Mar, 2017 12:00am
Japan manufacturers mood at three-year high on export-led recovery

Japan manufacturers mood at three-year high on export-led recovery

Confidence among Japanese manufacturers rose for a seventh straight month in March to a three-year high, while the service sector's mood held steady, a Reuters poll showed, highlighting an export-led economic recovery. The Reuters' monthly poll - which tr
Published 26 Mar, 2017 12:00am
Toshiba decides on Westinghouse bankruptcy, sees $9 billion in charges

Toshiba decides on Westinghouse bankruptcy, sees $9 billion in charges

Japan's Toshiba Corp has informed its main lenders it is planning for US nuclear unit Westinghouse Electric Co LLC to file for bankruptcy on March 31, people briefed on the matter said on Friday. Toshiba expects a Chapter 11 filing for Westinghouse would
Published 26 Mar, 2017 12:00am
IMF says Nigeria needs urgent reform
Currency

IMF says Nigeria needs urgent reform

The International Monetary Fund (IMF) is expected to warn Nigeria its economy needs urgent reform, according to a report seen by Reuters that could delay talks over $1.4 billion in international loans. The Washington-based fund will urge Nigeria, a major
Published 26 Mar, 2017 12:00am
Turkey says imports of Russian wheat could halt despite lack of ban

Turkey says imports of Russian wheat could halt despite lack of ban

Turkey has not banned purchases of wheat and similar products from Russia but imports may halt as Turkish companies prefer to avoid buying from Moscow, the economy minister said on Tuesday. Turkish buyers have put purchases of Russian agricultural product
Published 26 Mar, 2017 12:00am
Crop-destroying armyworm caterpillars spread to Uganda

Crop-destroying armyworm caterpillars spread to Uganda

A plague of crop-destroying fall armyworm caterpillars has spread to East Africa where officials confirmed their presence for the first time in Uganda on Friday. An outbreak of the caterpillars in several southern African nations has already raised alarm
Published 26 Mar, 2017 12:00am
Ivory Coast says has used 'a large part' of cocoa stabilisation funds

Ivory Coast says has used 'a large part' of cocoa stabilisation funds

Ivory Coast has expended "a large part" of its stabilisation funds in order to maintain cocoa farmers' prices for the current main crop, amid a sharp drop in world prices, the government's spokesman said on Wednesday. After years of steadily rising prices
Published 26 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 26 Mar, 2017 12:00am
ICE to offer first US Gulf Coast LNG futures contract

ICE to offer first US Gulf Coast LNG futures contract

With the United States about to become a net exporter of natural gas for the first time in 60 years, Intercontinental Exchange Inc (ICE) said on Wednesday it will soon begin trading a first-ever US liquefied natural gas (LNG) futures contract. The new con
Published 26 Mar, 2017 12:00am
Mali hits record cotton production
Cotton

Mali hits record cotton production

Mali forecasts cotton production for the upcoming 2017/18 season at 725,000 tonnes, up about 12 percent from the current season's record yield of at least 645,000 tonnes, the agriculture minister said on Friday. The 2016/17 season ending in March will see
Published 26 Mar, 2017 12:00am
China's small flour mills ground down as wheat prices rally

China's small flour mills ground down as wheat prices rally

Rising wheat prices in China are putting pressure on thousands of the country's small flour mills, speeding up rationalisation of the world's biggest milling industry and boosting the market share of bigger players. Many small-scale mills have been forced
Published 26 Mar, 2017 12:00am
Terminal gives timely boost to Brazil's soya, sugar shipping capacity

Terminal gives timely boost to Brazil's soya, sugar shipping capacity

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 26 Mar, 2017 12:00am
German 2017 wheat, rapeseed harvests seen up on year

German 2017 wheat, rapeseed harvests seen up on year

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 26 Mar, 2017 12:00am
Russia spurns French claim IS bastion Raqa 'surrounded'

Russia spurns French claim IS bastion Raqa 'surrounded'

Russia's army on Saturday dismissed a French claim that Raqa, the Islamic State's stronghold in Syria, was surrounded by troops who were poised to storm it, saying it had "no relation to reality." Russia's curt dismissal came a day after French Defence Mi
Published 26 Mar, 2017 12:00am
Filipino rescued in PNG after 56 days adrift

Filipino rescued in PNG after 56 days adrift

A Filipino fisherman cast adrift in the high seas by a storm survived for nearly two months by drinking rainwater as he helplessly watched his uncle die beside him, the survivor's mother said Saturday. The PNG Post Courier newspaper, quoting local police,
Published 26 Mar, 2017 12:00am
Panama creates anti-narco force as drug seizures rise

Panama creates anti-narco force as drug seizures rise

Panama's president on Friday presented a new elite counter-narcotics police unit to combat smuggling of increased cocaine production in neighbouring Colombia. The Eagle force, as it is called, consists of 300 officers with access to intelligence. They are
Published 26 Mar, 2017 12:00am
Bangladesh bomb blasts kills three, scores injured

Bangladesh bomb blasts kills three, scores injured

At least three people, including a policeman, were killed and scores wounded in two separate bomb blasts on Saturday near a militant hideout that was raided by commandos in northeastern Bangladesh, police said. The explosions in the Sylhet district came a
Published 26 Mar, 2017 12:00am
Lebanon university settles US lawsuit over Hezbollah

Lebanon university settles US lawsuit over Hezbollah

A Lebanese university will pay $700,000 to settle a US lawsuit over allegations it provided "material support" to entities linked to Hezbollah, US officials said. The American University of Beirut confirmed in a statement Friday it was settling the lawsui
Published 26 Mar, 2017 12:00am
Thousands attend funeral of slain Hamas official

Thousands attend funeral of slain Hamas official

Thousands of Hamas supporters on Saturday called for "revenge" during the Gaza funeral of an official from the Palestinian Islamist movement gunned down the previous day. "Revenge, revenge!" called participants at the procession for Mazen Faqha, 38, who w
Published 26 Mar, 2017 12:00am
Britain's UKIP loses sole MP as he quits party

Britain's UKIP loses sole MP as he quits party

Britain's anti-immigration, anti-EU UK Independence Party (UKIP) lost its only MP on Saturday when Douglas Carswell quit the party, days before Prime Minister Theresa May was to launch the formal Brexit process. Carswell defected from the ruling Conservat
Published 26 Mar, 2017 12:00am
US charges Lebanese 'Hezbollah financier'

US charges Lebanese 'Hezbollah financier'

US authorities arrested a long-wanted alleged Hezbollah financier Friday on charges of violating US terror-related sanctions, after he was apparently deported to the United States from Morocco. Kassim Tajideen was formally charged in US federal court in W
Published 26 Mar, 2017 12:00am
EU powerhouses fire Brexit warning shots

EU powerhouses fire Brexit warning shots

EU powerhouses France and Germany on Saturday warned Britain to expect no favours from Brussels once negotiations on the terms of Brexit finally get under way next week. British Prime Minister Theresa May, who decided not to attend the bloc's 60th anniver
Published 26 Mar, 2017 12:00am
Scores detained as Belarus opposition protest broken up

Scores detained as Belarus opposition protest broken up

Belarus authorities raided the offices of a prominent rights group Saturday, detaining dozens of people on the day of a planned protest, including foreign rights workers, the group said. Police also detained dozens in the streets and seized leading opposi
Published 26 Mar, 2017 12:00am
New York launches immigrant defense initiative

New York launches immigrant defense initiative

New York state on Friday launched an immigrant legal defense initiative with more than $1 million in public and private funding in response to "overwhelming" demand for help from non-profit organizations. A statewide coalition of 182 advocacy organization
Published 26 Mar, 2017 12:00am
Stephen Hawking appears as hologram in Hong Kong

Stephen Hawking appears as hologram in Hong Kong

Renowned physicist Stephen Hawking has spoken to a Hong Kong audience by hologram, showcasing the growing reach of a technology which is making inroads into politics, entertainment and business. The British scientist appeared Friday before an audience of
Published 26 Mar, 2017 12:00am
Backpacker attacker convicted in Australia

Backpacker attacker convicted in Australia

A man accused of attacking two young backpackers in a harrowing ordeal at a remote Australian beach was Saturday found guilty of kidnapping and assault but cleared of attempted murder. The 60-year-old, whose identity was suppressed by the South Australian
Published 26 Mar, 2017 12:00am
Russia faces lower wheat exports in 2017-18
Currency

Russia faces lower wheat exports in 2017-18

Russia, one of the world's largest wheat exporters, will have less grain to offer the global market in the 2017/18 marketing year due to less favourable weather than in 2016/17, when it enjoyed a record crop, SovEcon agriculture consultancy said. The coun
Published 26 Mar, 2017 12:00am
EU wheat falls to seven-week low on poor exports

EU wheat falls to seven-week low on poor exports

European wheat prices fell to a seven-week low on Thursday after the release of bearish weekly export data in a move exaggerated by technical factors, traders said. May milling wheat on Paris-based Euronext, settled at 167.25 euros a tonne, down 0.9 perce
Published 26 Mar, 2017 12:00am
Brazil's robusta coffee auction fails to close deals

Brazil's robusta coffee auction fails to close deals

A reverse auction on Wednesday that aimed to attract eventual suppliers of robusta coffee in Brazil failed to close any deals, according to the official agency providing the auction's platform and the country's instant coffee industry. Brazil's instant co
Published 26 Mar, 2017 12:00am
China's February sugar imports jump over 70 percent

China's February sugar imports jump over 70 percent

Sugar imports by China, the world's top buyer of the sweetener, jumped 70.3 percent in February from the year before to 180,000 tonnes, customs data showed on Thursday. That followed in the wake of large shipments in January, with low global prices drivin
Published 26 Mar, 2017 12:00am
China's North Korean coal imports drop to two-year low

China's North Korean coal imports drop to two-year low

China's imports of North Korea anthracite coal in February fell 18.7 percent from a year ago to the lowest since January 2015, after a ban on imports as a result of the reclusive nation's missile program. Imports of anthracite coal, a hard coal with a hig
Published 26 Mar, 2017 12:00am
Global rubber output likely to rise to 12.9 million tonnes in 2017

Global rubber output likely to rise to 12.9 million tonnes in 2017

Global rubber output is expected to climb to 12.9 million tonnes in 2017 from last year's 12.4 million tonnes, an official from the International Rubber Study Group (IRSG) said on Wednesday. Rubber was one of the best performing markets in 2016 and shot u
Published 26 Mar, 2017 12:00am
China's February gasoline exports jump to second-highest

China's February gasoline exports jump to second-highest

China's gasoline exports in February climbed to their second-highest monthly level on record as refiners increasingly turn to exports to Asian markets to drain a domestic supply glut that almost wiped out imports altogether. Gasoline exports rose 77 perce
Published 26 Mar, 2017 12:00am
CBOT wheat futures lower on big supply

CBOT wheat futures lower on big supply

Chicago Board of Trade wheat futures fell for a fourth straight session on Thursday, pressured by ample supplies and beneficial rains in the US Plains winter wheat belt, traders said. The US Department of Agriculture reported weekly export sales of old-cr
Published 26 Mar, 2017 12:00am
Freight rates for large capesize dry cargo to remain firm

Freight rates for large capesize dry cargo to remain firm

Freight rates for large capesize dry cargo vessels on key Asian routes, which are close to multi-month highs, are likely to remain firm next week as cargo activity picks up from Australia after bad weather disrupted operations at Dampier this week, broker
Published 26 Mar, 2017 12:00am
Palm oil eases on European vegoils market

Palm oil eases on European vegoils market

Palm oil on the European vegetable oils market eased on Thursday, tracking weaker Malaysian palm oil, which dropped on technical selling. Asking prices for palm oil were between unchanged and $15 a tonne down after Malaysian palm oil futures closed betwee
Published 26 Mar, 2017 12:00am
Cotton prices fall on subdued business
Cotton

Cotton prices fall on subdued business

Prices declined modestly on the cotton market on Saturday in the process of slow trading activity, dealers said. The official spot rate drifted lower by Rs 50 to Rs 6750, they said. In Punjab, prices of seed cotton were at Rs 3700-3800, as per 40 kg, they
Published 26 Mar, 2017 12:00am
Thai rice prices firm but fall in Vietnam and India

Thai rice prices firm but fall in Vietnam and India

Rice prices firmed in Thailand on a stronger baht while prices dipped in Vietnam and India, traders said on Thursday. The price range for benchmark 5 percent broken rice widened to $350-$362 a tonne free on board (FOB) Bangkok, from $350-$355 last week, w
Published 26 Mar, 2017 12:00am
Asia's gasoline cracks extend gains

Asia's gasoline cracks extend gains

Asia's gasoline cracks extended gains to reach $10.07 a barrel on Thursday, highest since February 27, as a drawdown in US stocks gave the market support, traders said. US gasoline stocks fell 2.8 million barrels, compared with analysts' expectations in a
Published 26 Mar, 2017 12:00am
Chinese iron ore futures fall to 10-week low

Chinese iron ore futures fall to 10-week low

Iron ore futures in China dropped to their lowest in more than two months on Thursday, pressured by a continued slide in steel prices amid concern over slower demand in the world's top consumer. Chinese iron ore futures have lost more than 21 percent sinc
Published 26 Mar, 2017 12:00am
CBOT soyabeans futures fall to five-month lows

CBOT soyabeans futures fall to five-month lows

Soyabean futures on the Chicago Board of Trade fell Thursday, with the spot May contract posting a five-month low on expectations of a massive South American soya harvest and an expansion in US plantings, traders said. CBOT May soyabeans settled down 8-3/
Published 26 Mar, 2017 12:00am
Vietnam's coffee market quiet; brisk trade in Indonesia

Vietnam's coffee market quiet; brisk trade in Indonesia

Vietnam's coffee export market was quiet this week with prices tightening on limited supply of high-quality beans, while Indonesia saw brisk trade due to higher supplies at the onset of the harvest season, traders said on Thursday. Prices in Daklak, Vietn
Published 26 Mar, 2017 12:00am
Brazil's new soya frontier Matopiba contributing to record crop

Brazil's new soya frontier Matopiba contributing to record crop

Brazil's newest soya frontier, the Matopiba region stretching across four northern states, is contributing to a record crop this year as good weather spurs a recovery in agricultural yields after several drought-hit seasons. Matopiba - a word formed by th
Published 26 Mar, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (March 25, 2017).

Published 26 Mar, 2017 12:00am
THE RUPEE: firmer trend
Currency

THE RUPEE: firmer trend

KARACHI: Firmness prevailed on the money market on Saturday as the rupee managed to hold present levels against the dollar in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 106.
Published 26 Mar, 2017 12:00am
THE RUPEE: firmer trend
Currency

THE RUPEE: firmer trend

KARACHI: Firmness prevailed on the money market on Saturday as the rupee managed to hold present levels against the dollar in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 106.
Published 26 Mar, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 25, 2017).

Published 26 Mar, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 25, 2017).

Published 26 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 25, 2017).

Published 26 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 25, 2017).

Published 26 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 25, 2017)

Published 26 Mar, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 25, 2017).

Published 26 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 25, 2017).

Published 26 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 25, 2017).

Published 26 Mar, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (March 25, 2017) and the forecast for Sunday (March 26, 2017).

Published 26 Mar, 2017 12:00am
Three inmates die in fire after fight in Mexican prison

Three inmates die in fire after fight in Mexican prison

A fire started by inmates at a prison in northern Mexico left at least three prisoners dead and one person injured, officials said Saturday, just days after 29 detainees escaped through a tunnel. "Three dead and one seriously injured in a dispute between
Published 26 Mar, 2017 12:00am
Policy rate remains unchanged at 5.75 percent

Policy rate remains unchanged at 5.75 percent

The Monetary Policy Committee of State Bank of Pakistan (SBP) on Saturday decided to keep the policy rate unchanged at 5.75 percent for the next two months. In Monetary Policy statement, the SBP said inflation any expectations in the current fiscal year c
Published 26 Mar, 2017 12:00am
Policy rate remains unchanged at 5.75 percent

Policy rate remains unchanged at 5.75 percent

The Monetary Policy Committee of State Bank of Pakistan (SBP) on Saturday decided to keep the policy rate unchanged at 5.75 percent for the next two months. In Monetary Policy statement, the SBP said inflation any expectations in the current fiscal year c
Published 26 Mar, 2017 12:00am
Policy rate remains unchanged at 5.75 percent

Policy rate remains unchanged at 5.75 percent

The Monetary Policy Committee of State Bank of Pakistan (SBP) on Saturday decided to keep the policy rate unchanged at 5.75 percent for the next two months. In Monetary Policy statement, the SBP said inflation any expectations in the current fiscal year c
Published 26 Mar, 2017 12:00am
Policy rate remains unchanged at 5.75 percent

Policy rate remains unchanged at 5.75 percent

The Monetary Policy Committee of State Bank of Pakistan (SBP) on Saturday decided to keep the policy rate unchanged at 5.75 percent for the next two months. In Monetary Policy statement, the SBP said inflation any expectations in the current fiscal year c
Published 26 Mar, 2017 12:00am
Trump vows 'great' plan to replace Obamacare

Trump vows 'great' plan to replace Obamacare

President Donald Trump on Saturday declared that Obamacare will fall apart and vowed to develop a "great" new health care plan for Americans to take its place. "ObamaCare will explode and we will all get together and piece together a great healthcare plan
Published 26 Mar, 2017 12:00am
Trump vows ''great'' plan to replace Obamacare

Trump vows ''great'' plan to replace Obamacare

President Donald Trump on Saturday declared that Obamacare will fall apart and vowed to develop a "great" new health care plan for Americans to take its place. "ObamaCare will explode and we will all get together and piece together a great healthcare plan
Published 26 Mar, 2017 12:00am
Thousands demonstrate in London against leaving EU

Thousands demonstrate in London against leaving EU

Thousands of people marched through London on Saturday to protest against Britain leaving the European Union, just four days before Prime Minister Theresa May launches the start of the formal divorce process from the bloc it joined 44 years ago. The Unite
Published 26 Mar, 2017 12:00am
Thousands demonstrate in London against leaving EU

Thousands demonstrate in London against leaving EU

Thousands of people marched through London on Saturday to protest against Britain leaving the European Union, just four days before Prime Minister Theresa May launches the start of the formal divorce process from the bloc it joined 44 years ago. The Unite
Published 26 Mar, 2017 12:00am
Thousands demonstrate in London against leaving EU

Thousands demonstrate in London against leaving EU

Thousands of people marched through London on Saturday to protest against Britain leaving the European Union, just four days before Prime Minister Theresa May launches the start of the formal divorce process from the bloc it joined 44 years ago. The Unite
Published 26 Mar, 2017 12:00am
Thousands demonstrate in London against leaving EU

Thousands demonstrate in London against leaving EU

Thousands of people marched through London on Saturday to protest against Britain leaving the European Union, just four days before Prime Minister Theresa May launches the start of the formal divorce process from the bloc it joined 44 years ago. The Unite
Published 26 Mar, 2017 12:00am
Troubled EU renews vows on 60th anniversary

Troubled EU renews vows on 60th anniversary

European Union leaders renewed their vows at a special summit in Rome on Saturday, celebrating the troubled bloc's 60th anniversary with a commitment to a common future without Britain. Meeting without Britain just days before it triggers its divorce. fro
Published 26 Mar, 2017 12:00am
Troubled EU renews vows on 60th anniversary

Troubled EU renews vows on 60th anniversary

European Union leaders renewed their vows at a special summit in Rome on Saturday, celebrating the troubled bloc''s 60th anniversary with a commitment to a common future without Britain. Meeting without Britain just days before it triggers its divorce. fr
Published 26 Mar, 2017 12:00am
Troubled EU renews vows on 60th anniversary

Troubled EU renews vows on 60th anniversary

European Union leaders renewed their vows at a special summit in Rome on Saturday, celebrating the troubled bloc''''s 60th anniversary with a commitment to a common future without Britain. Meeting without Britain just days before it triggers its divorce.
Published 26 Mar, 2017 12:00am
Weary flyers shrug as Middle East laptop ban takes off

Weary flyers shrug as Middle East laptop ban takes off

A controversial ban on carry-on laptops and tablets on flights from the Middle East to the United States and Britain went into effect Saturday - with less fanfare and frustration than expected. From Dubai to Doha, passengers on dozens of flights checked i
Published 26 Mar, 2017 12:00am
Weary flyers shrug as Middle East laptop ban takes off

Weary flyers shrug as Middle East laptop ban takes off

A controversial ban on carry-on laptops and tablets on flights from the Middle East to the United States and Britain went into effect Saturday - with less fanfare and frustration than expected. From Dubai to Doha, passengers on dozens of flights checked i
Published 26 Mar, 2017 12:00am
Weary flyers shrug as Middle East laptop ban takes off

Weary flyers shrug as Middle East laptop ban takes off

A controversial ban on carry-on laptops and tablets on flights from the Middle East to the United States and Britain went into effect Saturday - with less fanfare and frustration than expected. From Dubai to Doha, passengers on dozens of flights checked i
Published 26 Mar, 2017 12:00am
Thar coal-fired projects: Ministry urges Nepra to lower levelised tariff

Thar coal-fired projects: Ministry urges Nepra to lower levelised tariff

The Ministry of Water and Power has urged the National Electric Power Regulatory Authority (Nepra) to lower the levelised tariff of Thar coal-fired projects by 15-20 percent from existing upfront tariff for only super critical technology projects as the a
Published 26 Mar, 2017 12:00am
Thar coal-fired projects: Ministry urges Nepra to lower levelised tariff

Thar coal-fired projects: Ministry urges Nepra to lower levelised tariff

The Ministry of Water and Power has urged the National Electric Power Regulatory Authority (Nepra) to lower the levelised tariff of Thar coal-fired projects by 15-20 percent from existing upfront tariff for only super critical technology projects as the a
Published 26 Mar, 2017 12:00am
Thar coal-fired projects: Ministry urges Nepra to lower levelised tariff

Thar coal-fired projects: Ministry urges Nepra to lower levelised tariff

The Ministry of Water and Power has urged the National Electric Power Regulatory Authority (Nepra) to lower the levelised tariff of Thar coal-fired projects by 15-20 percent from existing upfront tariff for only super critical technology projects as the a
Published 26 Mar, 2017 12:00am
Fence-installation begins along Pak-Afghan border

Fence-installation begins along Pak-Afghan border

Fence-installation has begun along Pakistan-Afghanistan border on Saturday as Chief of the Army Staff General Qamar Javed Bajwa announced the development during his visit to Mohmand and Orakzai agencies on Saturday. Inter-Services Public Relations reporte
Published 26 Mar, 2017 12:00am
Fence-installation begins along Pak-Afghan border

Fence-installation begins along Pak-Afghan border

Fence-installation has begun along Pakistan-Afghanistan border on Saturday as Chief of the Army Staff General Qamar Javed Bajwa announced the development during his visit to Mohmand and Orakzai agencies on Saturday. Inter-Services Public Relations reporte
Published 26 Mar, 2017 12:00am
Government allows Raheel to lead military alliance

Government allows Raheel to lead military alliance

Pakistan has consented the Kingdom of Saudi Arabia in writing that the country has no objection over General Raheel Sharif (Retd) as being head of the Saudi-led military alliance. Defence Minister Khawaja Asif in a statement said that General Raheel Shari
Published 26 Mar, 2017 12:00am
Government allows Raheel to lead military alliance

Government allows Raheel to lead military alliance

Pakistan has consented the Kingdom of Saudi Arabia in writing that the country has no objection over General Raheel Sharif (Retd) as being head of the Saudi-led military alliance. Defence Minister Khawaja Asif in a statement said that General Raheel Shari
Published 26 Mar, 2017 12:00am
From 2008 to 2011: Over 50,000 visas issued to Americans?

From 2008 to 2011: Over 50,000 visas issued to Americans?

The Embassy of Pakistan in Washington issued at least 52,094 visas of different categories from 2008 to 2011, out of which 13,159 visas were under the category of diplomats/officials. It is pertinent to note here that between 2009-2011, only 2,202 visas w
Published 26 Mar, 2017 12:00am
From 2008 to 2011: Over 50,000 visas issued to Americans?

From 2008 to 2011: Over 50,000 visas issued to Americans?

The Embassy of Pakistan in Washington issued at least 52,094 visas of different categories from 2008 to 2011, out of which 13,159 visas were under the category of diplomats/officials. It is pertinent to note here that between 2009-2011, only 2,202 visas w
Published 26 Mar, 2017 12:00am
Mozambique extends probe into government loans to April 28
Currency

Mozambique extends probe into government loans to April 28

Mozambique has extended until April 28 an investigation into government-owned firms that hid $2 billion in loans, state media said on Saturday. The Mozambican Attorney-General's Office PGR said it proposed the latest extension to allow collecting of data
Published 26 Mar, 2017 12:00am
Tunisia pushing 'economic emergency' bill to spur investment

Tunisia pushing 'economic emergency' bill to spur investment

Tunisia is drafting an "economic emergency" bill that will allow the government to bypass bureaucratic hurdles and speed up large-scale projects as it seeks to boost growth and create jobs, a senior official said. Administrative delays and bureaucracy are
Published 26 Mar, 2017 12:00am
Air strike kills 16 civilians near Damascus

Air strike kills 16 civilians near Damascus

At least 16 civilians were killed and dozens wounded on Saturday in an air strike on a rebel-held area outside Damascus, the Syrian Observatory for Human Rights monitor said. It said it was not immediately clear who was responsible for the strike on the t
Published 26 Mar, 2017 12:00am
Air strike kills 16 civilians near Damascus

Air strike kills 16 civilians near Damascus

At least 16 civilians were killed and dozens wounded on Saturday in an air strike on a rebel-held area outside Damascus, the Syrian Observatory for Human Rights monitor said. It said it was not immediately clear who was responsible for the strike on the t
Published 26 Mar, 2017 12:00am
Major nations responsible for keeping world peace - China vice premier

Major nations responsible for keeping world peace - China vice premier

The world's major nations are responsible for maintaining global peace, and all countries should remain committed to a road of stable and peaceful development, China's Vice Premier Zhang Gaoli said on Saturday. His comments followed media reports this wee
Published 26 Mar, 2017 12:00am
Major nations responsible for keeping world peace - China vice premier

Major nations responsible for keeping world peace - China vice premier

The world''s major nations are responsible for maintaining global peace, and all countries should remain committed to a road of stable and peaceful development, China''s Vice Premier Zhang Gaoli said on Saturday. His comments followed media reports this w
Published 26 Mar, 2017 12:00am
Mehsud commander killed in intra-TTP clash

Mehsud commander killed in intra-TTP clash

A key commander of banned Tehreek-e-Taliban Pakistan (TTP) was killed in a clash between two TTP groups in Paktika province of Afghanistan, Aaj News reported Saturday. A clash occurred between Shahryar Mehsud group and Khalid Sajna group of the TTP
Published 26 Mar, 2017 12:00am
Mehsud commander killed in intra-TTP clash

Mehsud commander killed in intra-TTP clash

A key commander of banned Tehreek-e-Taliban Pakistan (TTP) was killed in a clash between two TTP groups in Paktika province of Afghanistan, Aaj News reported Saturday. A clash occurred between Shahryar Mehsud group and Khalid Sajna group of the TTP
Published 26 Mar, 2017 12:00am
Cities and monuments switch off for Earth Hour

Cities and monuments switch off for Earth Hour

Sydney's Opera House and Harbour Bridge plunged into darkness Saturday to mark Earth Hour, as global landmarks began dimming their lights to draw attention to climate change. Millions of people from some 170 countries and territories are expected to take
Published 26 Mar, 2017 12:00am
Cities and monuments switch off for Earth Hour

Cities and monuments switch off for Earth Hour

Sydney''s Opera House and Harbour Bridge plunged into darkness Saturday to mark Earth Hour, as global landmarks began dimming their lights to draw attention to climate change. Millions of people from some 170 countries and territories are expected to take
Published 26 Mar, 2017 12:00am
Armed forces made country's defence impregnable: President

Armed forces made country's defence impregnable: President

President Mamnoon Hussain on Saturday said the Armed Forces of Pakistan with their professional capabilities and devotion are defending the country on all fronts and have made the country's defence formidable. The President was addressing at an award givi
Published 26 Mar, 2017 12:00am
Armed forces made country''s defence impregnable: President

Armed forces made country''s defence impregnable: President

President Mamnoon Hussain on Saturday said the Armed Forces of Pakistan with their professional capabilities and devotion are defending the country on all fronts and have made the country''s defence formidable. The President was addressing at an award giv
Published 26 Mar, 2017 12:00am
National security: Minister accuses PPP of hiding facts

National security: Minister accuses PPP of hiding facts

Defence Minister Khawaja Asif has said that Osama Bin Laden was brought to this region by the former Central Intelligence Agency (CIA) Director and Saudi official Turki bin Faisal."Osama used to be their hero and they declared him a terrorist afterwards,"
Published 26 Mar, 2017 12:00am
National security: Minister accuses PPP of hiding facts

National security: Minister accuses PPP of hiding facts

Defence Minister Khawaja Asif has said that Osama Bin Laden was brought to this region by the former Central Intelligence Agency (CIA) Director and Saudi official Turki bin Faisal."Osama used to be their hero and they declared him a terrorist afterwards,"
Published 26 Mar, 2017 12:00am
KP to form special force for CPEC

KP to form special force for CPEC

The Khyber Pakhtunkhwa government has decided to constitute a special force for security of China-Pakistan Economic Corridor (CPEC) in the province. According to official sources, two thousand and six hundred security personnel will be inducted for this p
Published 26 Mar, 2017 12:00am
KP to form special force for CPEC

KP to form special force for CPEC

The Khyber Pakhtunkhwa government has decided to constitute a special force for security of China-Pakistan Economic Corridor (CPEC) in the province. According to official sources, two thousand and six hundred security personnel will be inducted for this p
Published 26 Mar, 2017 12:00am
KP to form special force for CPEC

KP to form special force for CPEC

The Khyber Pakhtunkhwa government has decided to constitute a special force for security of China-Pakistan Economic Corridor (CPEC) in the province. According to official sources, two thousand and six hundred security personnel will be inducted for this p
Published 26 Mar, 2017 12:00am
China lifts ban on Brazilian meat imports: Brazil minister

China lifts ban on Brazilian meat imports: Brazil minister

Brazil, trying to recover from a rotten meat scandal that has pummelled its agribusiness industry, said Saturday that major trading partner China had lifted a ban on imports of its products. "China announced today it has fully reopened its market to Brazi
Published 26 Mar, 2017 12:00am
China lifts ban on Brazilian meat imports: Brazil minister

China lifts ban on Brazilian meat imports: Brazil minister

Brazil, trying to recover from a rotten meat scandal that has pummelled its agribusiness industry, said Saturday that major trading partner China had lifted a ban on imports of its products. "China announced today it has fully reopened its market to Brazi
Published 26 Mar, 2017 12:00am
China lifts ban on Brazilian meat imports: Brazil minister

China lifts ban on Brazilian meat imports: Brazil minister

Brazil, trying to recover from a rotten meat scandal that has pummelled its agribusiness industry, said Saturday that major trading partner China had lifted a ban on imports of its products. "China announced today it has fully reopened its market to Brazi
Published 26 Mar, 2017 12:00am
Experts evaluate country's economy

Experts evaluate country's economy

The Eighth Meeting of the Economic Advisory Council was held under the convenership of Dr Ishrat Husain, along side Finance Minister Senator Mohammad Ishaq Dar. The meeting was attended by the members of EAC including Abid Hasan, Sakib Sherani, Dr Abid Su
Published 26 Mar, 2017 12:00am
Experts evaluate country''s economy

Experts evaluate country''s economy

The Eighth Meeting of the Economic Advisory Council was held under the convenership of Dr Ishrat Husain, along side Finance Minister Senator Mohammad Ishaq Dar. The meeting was attended by the members of EAC including Abid Hasan, Sakib Sherani, Dr Abid Su
Published 26 Mar, 2017 12:00am
Experts evaluate country''''s economy

Experts evaluate country''''s economy

The Eighth Meeting of the Economic Advisory Council was held under the convenership of Dr Ishrat Husain, along side Finance Minister Senator Mohammad Ishaq Dar. The meeting was attended by the members of EAC including Abid Hasan, Sakib Sherani, Dr Abid Su
Published 26 Mar, 2017 12:00am
Singaporean teen dissident granted US asylum

Singaporean teen dissident granted US asylum

A Singaporean teenager who was jailed twice after insulting the island's late leader Lee Kuan Yew and religious groups has been granted political asylum in the United States, his US lawyer said Saturday. Amos Yee, 18, shocked Singaporeans in March 2015 af
Published 26 Mar, 2017 12:00am
Singaporean teen dissident granted US asylum

Singaporean teen dissident granted US asylum

A Singaporean teenager who was jailed twice after insulting the island''s late leader Lee Kuan Yew and religious groups has been granted political asylum in the United States, his US lawyer said Saturday. Amos Yee, 18, shocked Singaporeans in March 2015 a
Published 26 Mar, 2017 12:00am
Keystone approval spells headache for Trudeau

Keystone approval spells headache for Trudeau

Prime Minister Justin Trudeau was quick to welcome Washington's approval Friday of a major new pipeline from Canada into the United States, but observers say it creates political headaches for his administration. Trudeau has sought to strike a balance bet
Published 26 Mar, 2017 12:00am
Keystone approval spells headache for Trudeau

Keystone approval spells headache for Trudeau

Prime Minister Justin Trudeau was quick to welcome Washington''s approval Friday of a major new pipeline from Canada into the United States, but observers say it creates political headaches for his administration. Trudeau has sought to strike a balance be
Published 26 Mar, 2017 12:00am
Keystone approval spells headache for Trudeau

Keystone approval spells headache for Trudeau

Prime Minister Justin Trudeau was quick to welcome Washington''''s approval Friday of a major new pipeline from Canada into the United States, but observers say it creates political headaches for his administration. Trudeau has sought to strike a balance
Published 26 Mar, 2017 12:00am
Lingering lack of quorum

Lingering lack of quorum

The framers of our Constitution must have been quite passionate about our political elites' commitment to parliamentary democracy. So even when they substantially incorporated British parliamentary conventions and practices they differed on the size of qu
Published 26 Mar, 2017 12:00am
Stop this campus violence

Stop this campus violence

According to a recent survey, among the top 100 universities of Asia none is in Pakistan - even though some of them are the continent's oldest. But where they do appear, and quite prominently, is violence on their campuses. You name a political, religious
Published 26 Mar, 2017 12:00am
Important initiatives

Important initiatives

Islamabad has undertaken an important initiative to stop the circulation of blasphemous material on the social media. Interior Minister Chaudhry Nisar Ali Khan held a meeting the other day with ambassadors of Muslim countries to discuss ways and means of
Published 26 Mar, 2017 12:00am
More provinces in Pakistan
Currency

More provinces in Pakistan

During the last days of the Zardari-led PPP government, a strong voice from Hazara emerged demanding a separate Hazara province. It was the voice of the white bearded Haider Zaman Khan who has been struggling for a separate province for many years. The in
Published 26 Mar, 2017 12:00am
For Trump, it was the lost art of the deal

For Trump, it was the lost art of the deal

In the end, the Closer couldn't close the deal. For President Donald Trump, the collapse on Friday of his first legislative priority, a healthcare reform bill, was an embarrassing loss of face after he and his administration insisted up until the time of
Published 26 Mar, 2017 12:00am
More Algerian women work, but husbands control wages

More Algerian women work, but husbands control wages

More and more Algerian women are challenging traditional norms by getting jobs, but many see their salaries confiscated by their husbands despite a law against the practice. "It's financial harassment," lawyer Fatma-Zohra Benbraham said. "It's a dangerous
Published 26 Mar, 2017 12:00am
Tribute to a widow's bravery

Tribute to a widow's bravery

Parents play an important role in everyone's life. We can't imagine a day without them. Where the fathers struggle to finance our needs, our mothers sacrifice their whole life to make us successful and stand out in this world. However, in many cases a wom
Published 26 Mar, 2017 12:00am
VAWC to help protect women's rights: Shahbaz

VAWC to help protect women's rights: Shahbaz

Chief Minister Punjab, Muhammad Shehbaz Sharif, has said that 2017 is the year for putting an end to 'Darkness' by generating more electricity than required under the leadership of Prime Minister Muhammad Nawaz Sharif. He said that after the completion of
Published 26 Mar, 2017 12:00am
Bone marrow transplantation centre opens at CHL

Bone marrow transplantation centre opens at CHL

First public sector bone marrow transplantation center has been established here at the Children Hospital Lahore at a cost of Rs 260 million. Installation of medical equipment is under way and the center would start functioning within two months while doc
Published 26 Mar, 2017 12:00am
'One Belt-One Road project successfully starts in Pakistan'
Cotton

'One Belt-One Road project successfully starts in Pakistan'

"One Belt-One Road is a gigantic infrastructure of China to linkup Asia with Europe and Africa and this project has already been successfully initiated from Pakistan," said Wang Zihai, President Pakistan China Joint Chamber of Commerce and Industry (PCJCC
Published 26 Mar, 2017 12:00am
Dar-ul-Hujjaj given on 30-year lease: ETPB

Dar-ul-Hujjaj given on 30-year lease: ETPB

Contradicting to the rumours that the Evacuee Trust Property Board (ETPB) Lahore sold the prime land of Dar-ul-Hujjaj on 'throw away prices', ETPB Chairman Siddique-ul-Farooq made it clear that the land has been given on a 30-year lease. The training camp
Published 26 Mar, 2017 12:00am
First woman held under cyber-crime law

First woman held under cyber-crime law

The Federal Investigation Agency (FIA) on Saturday arrested a Pakistani woman for blackmailing activities on social media, which makes her the first female to be taken into custody under the recently-passed cyber-crime law. The woman - Sadia Mirza - has b
Published 26 Mar, 2017 12:00am
Joint working group for train safety solutions approved

Joint working group for train safety solutions approved

The Federal Railways Minister Khawaja Saad Rafique on Saturday approved constitution of a joint working group, including representatives of Pakistan Railways and Motorola Company to submit a report on train safety solutions within few days. The Minister w
Published 26 Mar, 2017 12:00am
Seminar on business immigration programme on March 27

Seminar on business immigration programme on March 27

Oliver Consultants Private Limited will be holding seminar on Business Immigration Programme for UK, Ireland, Cyprus, Portugal and Caribbean from 27 to 28th March, 2017 from 9 am to 5 pm at Serena Hotel, Faisalabad. Best immigration lawyers from UK, Marea
Published 26 Mar, 2017 12:00am
Seminar on business immigration programme on March 27

Seminar on business immigration programme on March 27

Oliver Consultants Private Limited will be holding seminar on Business Immigration Programme for UK, Ireland, Cyprus, Portugal and Caribbean from 27 to 28th March, 2017 from 9 am to 5 pm at Serena Hotel, Faisalabad. Best immigration lawyers from UK, Marea
Published 26 Mar, 2017 12:00am
Centre, Punjab not responsible for Sindh water crisis: LCCI

Centre, Punjab not responsible for Sindh water crisis: LCCI

The Lahore Chamber of commerce and Industry has expressed grave concern over holding Punjab and federal government responsible for water crisis in Sindh by some political elements. The LCCI President Abdul Basit said in a statement on Saturday that those
Published 26 Mar, 2017 12:00am
SBP's decision to resume banking channel with Iran lauded

SBP's decision to resume banking channel with Iran lauded

The business community of Southern Punjab has hailed the decision of the Central Bank of Pakistan to allow banks to resume ties with Iranian counterparts after the government's recent lifting of sanctions on the neighbouring Persian Gulf country. They sai
Published 26 Mar, 2017 12:00am
Rabbani urges students to follow teachings of Quaid-e-Azam

Rabbani urges students to follow teachings of Quaid-e-Azam

Chairman Senate Mian Raza Rabbani has urged students to follow teachings and ideology of the father of the nation Quaid-e-Azam Muhammad Ali Jinnah in letter and spirit for a better future. Addressing a function at a private university in Karachi on Saturd
Published 26 Mar, 2017 12:00am
India, Afghanistan gateway of fake currency
Currency

India, Afghanistan gateway of fake currency

The Federal Investigation Agency (FIA) has apprehended 2 suspects, Wasim and Nasir, for running a fake currency racket in Pakistan and millions of rupees in the form of counterfeit notes were recovered from their possession. During investigation, the susp
Published 26 Mar, 2017 12:00am
War against 'Fasaadis' to be taken to logical end: Nisar

War against 'Fasaadis' to be taken to logical end: Nisar

Interior Minister Chaudhry Nisar Ali Khan has said that Pakistan is secure today due to the sacrifices of officers and 'Jawans' of the armed forces, civil armed forces including Frontier Corps. He was addressing the passing out parade of FC 'Jawans' here
Published 26 Mar, 2017 12:00am
SCPA's rules of business notified: minister

SCPA's rules of business notified: minister

Sindh Minister for Social Welfare, Shamim Mumtaz has said that the rules of business of Sindh Child Protection Authority (SCPA) has been notified and by mid April 2017, offices at divisional level will start functioning, while its network to district leve
Published 26 Mar, 2017 12:00am
LEAs detain 15 suspects in search operations

LEAs detain 15 suspects in search operations

Crackdown against criminal elements continues in Karachi as Rangers and police arrested at least 15 accused during operations in different parts of the city in the wee hours of Saturday. Rangers' personnel started the door-to-door search operation in diff
Published 26 Mar, 2017 12:00am
EFU Life becomes MEFIN member

EFU Life becomes MEFIN member

EFU Life Assurance Ltd, the leading private sector life insurance company in Pakistan, has been enrolled as a member of the Mutual Exchange Forum on Inclusive Insurance, or MEFIN Network, which is a collegial body of insurance policy makers and regulators
Published 26 Mar, 2017 12:00am
Seasons Canola official attends marketing course

Seasons Canola official attends marketing course

The launch of Seasons Corn Oil and Seasons Rice Bran Oil, had already been accredited to the list of noticeable achievements for Syed Muhammad Raza, Brand Manager, Seasons Canola. He now has achieved another milestone by successfully attending a marketing
Published 26 Mar, 2017 12:00am
Textile producers feel uneasy as exports drop sharply

Textile producers feel uneasy as exports drop sharply

A fall in exports has left textile producers uneasy with fears of the country's plunging global share, saying that government discarded the largest sector from its priority index. A minister-less textile sector faces huge financial problems in the wake of
Published 26 Mar, 2017 12:00am
Government urged to establish discount stores

Government urged to establish discount stores

President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has said the government should consider establishing discount stores across the country to provide necessary food and non-food items to masses of reasonable prices. Federal a
Published 26 Mar, 2017 12:00am
SU vice chancellor denies reports of expelling minority students

SU vice chancellor denies reports of expelling minority students

Sindh University vice chancellor Professor Dr Fateh Muhammad Burfat has said that no any minority student from the varsity has been expelled upon playing with the colours on the eve of Holi which was celebrated on March 8 at Sindh University Jamshoro. He
Published 26 Mar, 2017 12:00am
SIUT marks World TB Day

SIUT marks World TB Day

Tuberculosis (TB) is one of the major health problems of the developing countries which affect a significant number of population. TB is amongst the 10 most common causes of death worldwide. World TB Day was observed throughout the world including Sindh I
Published 26 Mar, 2017 12:00am
Farooq rejects MQM founder's statement

Farooq rejects MQM founder's statement

Muttahida Qaumi Movement-Pakistan leader Farooq Sattar on Saturday has rejected the statement of MQM founder regarding Modi's help. While talking to media in Lahore, MQM-Pakistan leader Farooq Sattar said let it be known that the party means everything fo
Published 26 Mar, 2017 12:00am
Hurriyet leaders meet Basit in New Delhi

Hurriyet leaders meet Basit in New Delhi

Kashmiri Hurriyet leaders held a meeting with Pakistani High Commissioner in New Delhi, Abdul Basit, and pitched for dialogue between India and Pakistan. The Hurriyet leaders including Professor Abdul Ghani Butt, Bilal Ghani Lone, Masroor Abbas and Musadi
Published 26 Mar, 2017 12:00am
IPHRC team of OIC to visit Pakistan, AJK from tomorrow

IPHRC team of OIC to visit Pakistan, AJK from tomorrow

A high-ranking delegation of the Independent Permanent Human Rights Commission (IPHRC) of OIC will visit Pakistan and Azad Jammu and Kashmir (AJK) from March 27 to 29, 2017, Foreign Office said. According to Foreign Office Spokesperson Nafees Zakaria, an
Published 26 Mar, 2017 12:00am
Pakistan ties with China, Russia not 'zero sum game' for US: Aizaz

Pakistan ties with China, Russia not 'zero sum game' for US: Aizaz

Recent efforts by Pakistan to forge closer diplomatic ties with China and Russia does not represent the opening salvos of "a zero sum game" with Washington, according to the country's new ambassador to the United States. Islamabad's ties to Washington rem
Published 26 Mar, 2017 12:00am
Top government hospitals lack diagnostic equipments

Top government hospitals lack diagnostic equipments

The small number of ventilators, magnetic resonance imaging (MRI), computed tomography (CT) scan machines and other necessary equipments required for conducting different tests in public sector hospitals compel poor patients to conduct their tests at expe
Published 26 Mar, 2017 12:00am
CDA allows maximum relaxation to prominent hotels in ICT

CDA allows maximum relaxation to prominent hotels in ICT

The Capital Development Authority (CDA) has allowed maximum relaxations of rules and bylaws to a few prominent hotels situated within the limits of Islamabad capital territory (ICT). According to the documents available with Business Recorder, the CDA has
Published 26 Mar, 2017 12:00am
'Verdict on Panama Papers case likely next week'

'Verdict on Panama Papers case likely next week'

Supreme Court (SC) has formed seven benches to hear important cases in its principal seat during the week commencing March 27 but an announcement of a verdict in the Panama papers is not mentioned. Talking to Business Recorder, former vice chairman of the
Published 26 Mar, 2017 12:00am
Siraj asks people to revolt against unfair system

Siraj asks people to revolt against unfair system

Jamaat-e-Islami (JI) Chief Siraj-ul-Haq has asked people to revolt against the exploitative system instead of bearing cruelties, adding that after coming into power they will provide employment opportunities for youth and old age allowance for senior citi
Published 26 Mar, 2017 12:00am
PTI, PSP gear up efforts for a role in caretaker setup

PTI, PSP gear up efforts for a role in caretaker setup

Pakistan Tehreek-e-Insaf (PTI) and Pak Sarzameen Party (PSP) have geared up efforts to pave the way for an effective role in the upcoming caretaker setup at Center and Sindh, respectively, to ensure free and fair general elections. PTI's Sindh chapter pre
Published 26 Mar, 2017 12:00am
Political administration blamed for aiding land grabbers

Political administration blamed for aiding land grabbers

Elders of Masori tribe of Kurram Agency (KA) have blamed political administration for supporting land grabbers in the area and demanded of Khyber Pakhtunkhwa governor to stop construction of sports stadium and other buildings on their land. Speaking at a
Published 26 Mar, 2017 12:00am
Anti-dumping duty investigations by NTC: LHC fixes April 5 for hearing

Anti-dumping duty investigations by NTC: LHC fixes April 5 for hearing

The Lahore High Court (LHC) has fixed April 5, 2017 as next date for hearing of cases filed by commercial importers of tiles, steel, paper, chemical and yarn in the four new petitions against the anti-dumping duty investigations by the National Tariff Com
Published 26 Mar, 2017 12:00am
Security measures in Landi Kotal cantonment reviewed

Security measures in Landi Kotal cantonment reviewed

Major General Hasan Azhar Hayat, General Officer Command seven division visited to forces cantonment, Landi Kotal and toured through various sections of it. Flanked by Brigadier Rahat, Colonel Akhter Zaidi, Colonel Faiz, General Hasan inspected the cant a
Published 26 Mar, 2017 12:00am
CPEC to attract international investment in Pakistan: Shaukat Aziz

CPEC to attract international investment in Pakistan: Shaukat Aziz

Former prime minister of Pakistan Shaukat Aziz has said that China-Pakistan Economic Corridor (CPEC) will play the role of magnate to attract international investment in Pakistan. Talking to media on the sidelines of the inaugural session of Boao Forum fo
Published 26 Mar, 2017 12:00am
Two more families identify suspect in infant abduction case

Two more families identify suspect in infant abduction case

Police officers on Saturday have revealed that two more families have identified suspect Musarrat who kidnapped newborn from Qatar hospital in Karachi. According to details, the families approached security officials after watching news of infants' abduct
Published 26 Mar, 2017 12:00am
Naval Dockyard's warehouse blaze doused

Naval Dockyard's warehouse blaze doused

A third category blaze was extinguished that broke out at a warehouse in Karachi Naval Dockyard on Saturday. According to details, the fire was doused by 15 fire tenders of Navy, Karachi Port Trust (KPT) and Karachi Metropolitan Corporation (KMC) after th
Published 26 Mar, 2017 12:00am
Budget proposals: Computer industry urges FBR to abolish 17 percent GST

Budget proposals: Computer industry urges FBR to abolish 17 percent GST

The computer industry has proposed to the Federal Board of Revenue (FBR) to abolish 17 percent sales tax on component parts assembled inside the computers in the budget 2017-18 to practically benefit from last year's concessions of zero-sale tax regime on
Published 26 Mar, 2017 12:00am
Budget proposals: Computer industry urges FBR to abolish 17 percent GST

Budget proposals: Computer industry urges FBR to abolish 17 percent GST

The computer industry has proposed to the Federal Board of Revenue (FBR) to abolish 17 percent sales tax on component parts assembled inside the computers in the budget 2017-18 to practically benefit from last year''s concessions of zero-sale tax regime o
Published 26 Mar, 2017 12:00am
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