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Archive - 2017-04-02
Glencore in talks to sell global oil storage stakes

Glencore in talks to sell global oil storage stakes

Swiss-based trading and mining giant Glencore is selling a bundle of its global oil storage stakes, sources told Reuters, following similar moves by rivals as a boom period for storage shows signs of nearing to an end. Demand for storage exploded followin
Published 02 Apr, 2017 12:00am
India awards new routes in bid to get millions flying

India awards new routes in bid to get millions flying

Indian airlines will soon offer dirt-cheap fares to dozens of new, regional destinations - some for the very first time - as the world's fastest-growing aviation market tries to encourage millions more passengers to the skies. The government awarded flyin
Published 02 Apr, 2017 12:00am
Australia steps up battle against housing speculators, not done yet

Australia steps up battle against housing speculators, not done yet

Australia's banking watchdog on Friday launched a new salvo in its battle against speculative home lending and explosive house prices, though analysts were far from convinced the war was yet won. The Australian Prudential Regulatory Authority (APRA) asked
Published 02 Apr, 2017 12:00am
Ukraine eyes 2017 Eurobond issuance, but not at any price

Ukraine eyes 2017 Eurobond issuance, but not at any price

Ukraine, in a legal case over a $3 billion debt to Russia, hopes to return to dollar bond markets by the end of the year, but it has no emergency funding needs and will not borrow "at any price", Deputy Finance Minister Yuriy Butsa said on Thursday. The c
Published 02 Apr, 2017 12:00am
Ukraine eyes 2017 Eurobond issuance, but not at any price

Ukraine eyes 2017 Eurobond issuance, but not at any price

Ukraine, in a legal case over a $3 billion debt to Russia, hopes to return to dollar bond markets by the end of the year, but it has no emergency funding needs and will not borrow "at any price", Deputy Finance Minister Yuriy Butsa said on Thursday. The c
Published 02 Apr, 2017 12:00am
German parliament passes controversial Autobahn toll

German parliament passes controversial Autobahn toll

Germany's upper house of parliament on Friday approved a controversial law imposing tolls on the country's famous Autobahns (motorways), in the face of objections from neighbouring countries who say it discriminates against foreign drivers. Austria immedi
Published 02 Apr, 2017 12:00am
Paris Pompidou Centre museum shut by security guard strike

Paris Pompidou Centre museum shut by security guard strike

The Pompidou Centre modern art museum - one of the biggest tourist draws in the French capital - will remain closed this weekend because of a week-long strike by security guards, its management said. Around 100 guards walked out on Monday over a new law w
Published 02 Apr, 2017 12:00am
Oil Tanker Contractors' Association announces strike

Oil Tanker Contractors' Association announces strike

The Oil Tanker Contractors Association on Saturday announced a strike against the implementation of sales tax. "If combined, the sales tax for all provinces sums up to sixty-four percent," said the chairman of Oil Tankers Contractors Association, Suleman
Published 02 Apr, 2017 12:00am
Oil Tanker Contractors'' Association announces strike

Oil Tanker Contractors'' Association announces strike

The Oil Tanker Contractors Association on Saturday announced a strike against the implementation of sales tax. "If combined, the sales tax for all provinces sums up to sixty-four percent," said the chairman of Oil Tankers Contractors Association, Suleman
Published 02 Apr, 2017 12:00am
Oil Tanker Contractors'''' Association announces strike

Oil Tanker Contractors'''' Association announces strike

The Oil Tanker Contractors Association on Saturday announced a strike against the implementation of sales tax. "If combined, the sales tax for all provinces sums up to sixty-four percent," said the chairman of Oil Tankers Contractors Association, Suleman
Published 02 Apr, 2017 12:00am
Hamas to allow UN, Red Cross workers to leave Gaza

Hamas to allow UN, Red Cross workers to leave Gaza

Hamas will allow foreign UN and Red Cross workers to leave Gaza, the Islamist movement ruling the Palestinian enclave said Saturday, after closing the only foot crossing with Israel. Hamas shut the Erez crossing on March 26 after it blamed the Jewish stat
Published 02 Apr, 2017 12:00am
Hamas to allow UN, Red Cross workers to leave Gaza

Hamas to allow UN, Red Cross workers to leave Gaza

Hamas will allow foreign UN and Red Cross workers to leave Gaza, the Islamist movement ruling the Palestinian enclave said Saturday, after closing the only foot crossing with Israel. Hamas shut the Erez crossing on March 26 after it blamed the Jewish stat
Published 02 Apr, 2017 12:00am
Venezuela court drops moves to tighten president's grip

Venezuela court drops moves to tighten president's grip

Venezuela's Supreme Court on Saturday abandoned measures to seize power from the opposition-controlled legislature after the moves drew international condemnation and raised pressure on President Nicolas Maduro. In a rare climb-down by the president's all
Published 02 Apr, 2017 12:00am
Venezuela court drops moves to tighten president''s grip

Venezuela court drops moves to tighten president''s grip

Venezuela''s Supreme Court on Saturday abandoned measures to seize power from the opposition-controlled legislature after the moves drew international condemnation and raised pressure on President Nicolas Maduro. In a rare climb-down by the president''s a
Published 02 Apr, 2017 12:00am
Trump to 'reboot' Egypt ties in Sisi visit after years of tension

Trump to 'reboot' Egypt ties in Sisi visit after years of tension

Egypt's President Abdel Fattah al-Sisi meets his counterpart and admirer Donald Trump in Washington Monday for a "reboot" of relations following years of tension with the American president's predecessor. The former reality television star and tycoon has
Published 02 Apr, 2017 12:00am
Chaman border crossing closed after traders, FC personnel clash

Chaman border crossing closed after traders, FC personnel clash

The Chaman border crossing on Pak-Afghan border was closed on Saturday after protesting traders clashed with FC personnel deployed at the crossing. As per detail, FC personnel did not allow traders to walk into Afghanistan without complete travel document
Published 02 Apr, 2017 12:00am
Chaman border crossing closed after traders, FC personnel clash

Chaman border crossing closed after traders, FC personnel clash

The Chaman border crossing on Pak-Afghan border was closed on Saturday after protesting traders clashed with FC personnel deployed at the crossing. As per detail, FC personnel did not allow traders to walk into Afghanistan without complete travel document
Published 02 Apr, 2017 12:00am
Uzair Baloch to face trial in military court

Uzair Baloch to face trial in military court

Government has decided to conduct trial of former Lyari gangster and chief of the proscribed People's Amn Committee in a military court. According to a private television channel report Saturday, Baloch was allegedly in contact with foreign spy agencies i
Published 02 Apr, 2017 12:00am
Uzair Baloch to face trial in military court

Uzair Baloch to face trial in military court

Government has decided to conduct trial of former Lyari gangster and chief of the proscribed People's Amn Committee in a military court. According to a private television channel report Saturday, Baloch was allegedly in contact with foreign spy agencies i
Published 02 Apr, 2017 12:00am
FBR receives record number of tax returns

FBR receives record number of tax returns

The Federal Board of Revenue (FBR) has received record income tax returns, ie, 1,082,868 for Tax Year 2016 as compared to 927,569 tax returns for Tax Year 2015, reflecting a handsome increase of 155,299 returns. It is learnt that the latest data of income
Published 02 Apr, 2017 12:00am
FBR receives record number of tax returns

FBR receives record number of tax returns

The Federal Board of Revenue (FBR) has received record income tax returns, ie, 1,082,868 for Tax Year 2016 as compared to 927,569 tax returns for Tax Year 2015, reflecting a handsome increase of 155,299 returns. It is learnt that the latest data of income
Published 02 Apr, 2017 12:00am
FBR receives record number of tax returns

FBR receives record number of tax returns

The Federal Board of Revenue (FBR) has received record income tax returns, ie, 1,082,868 for Tax Year 2016 as compared to 927,569 tax returns for Tax Year 2015, reflecting a handsome increase of 155,299 returns. It is learnt that the latest data of income
Published 02 Apr, 2017 12:00am
Public hearing on companies bill tomorrow

Public hearing on companies bill tomorrow

Senate Standing Committee on Finance and Revenue has decided to hold a Public Hearing on the companies Bill 2017 on Monday at Karachi Chamber of Commerce and Industries (KCCI). Chairman Senate Standing Committee on Finance, Senator Saleem Mandviwalla said
Published 02 Apr, 2017 12:00am
Public hearing on companies bill tomorrow

Public hearing on companies bill tomorrow

Senate Standing Committee on Finance and Revenue has decided to hold a Public Hearing on the companies Bill 2017 on Monday at Karachi Chamber of Commerce and Industries (KCCI). Chairman Senate Standing Committee on Finance, Senator Saleem Mandviwalla said
Published 02 Apr, 2017 12:00am
Public hearing on companies bill tomorrow

Public hearing on companies bill tomorrow

Senate Standing Committee on Finance and Revenue has decided to hold a Public Hearing on the companies Bill 2017 on Monday at Karachi Chamber of Commerce and Industries (KCCI). Chairman Senate Standing Committee on Finance, Senator Saleem Mandviwalla said
Published 02 Apr, 2017 12:00am
Public hearing on companies bill tomorrow

Public hearing on companies bill tomorrow

Senate Standing Committee on Finance and Revenue has decided to hold a Public Hearing on the companies Bill 2017 on Monday at Karachi Chamber of Commerce and Industries (KCCI). Chairman Senate Standing Committee on Finance, Senator Saleem Mandviwalla said
Published 02 Apr, 2017 12:00am
Yemen rebels detain 7 aid workers: NGO

Yemen rebels detain 7 aid workers: NGO

Rebels in Yemen have detained five staff members of the International Medical Corps and two contracted drivers, the aid organisation and a local source said on Saturday. "We are working to ensure this matter can be resolved as soon as possible," the Los A
Published 02 Apr, 2017 12:00am
Duterte invites EU critics, wants to 'slap them'

Duterte invites EU critics, wants to 'slap them'

Philippines' President Rodrigo Duterte lashed out on Friday at European Union critics of his bloody anti-narcotics campaign, threatening to "slap" them. It is the latest of the leader's near-daily diatribe against the United States, EU and the United Nati
Published 02 Apr, 2017 12:00am
Military courts

Military courts

The Senators have done what they did not want - they have endorsed the bill reviving military courts, against their passionately espoused stand from various public platforms that such an action would not only undermine the sovereignty of parliament but al
Published 02 Apr, 2017 12:00am
Brexit launched

Brexit launched

After 44 years of an often troubled relationship between the European Union (EU) and Britain, Prime Minister Theresa May launched her country's bid on March 29, 2017 to be the first member of the 28-nation bloc to leave in its 60-year history by triggerin
Published 02 Apr, 2017 12:00am
Positive signs

Positive signs

With just over a year since the adoption of a historic blueprint to end poverty and protect the planet, positive signs have already started to emerge among countries in the Asia-Pacific region as they push ahead with the implementation of the 17 Sustainab
Published 02 Apr, 2017 12:00am
Solar energy and salt water power vegetable farms in desert

Solar energy and salt water power vegetable farms in desert

With scorching summer temperatures and little rainfall, the barren scrublands around the port of Aqaba in Jordan, one of the world's most arid countries, might seem ill suited to cultivating cucumbers. Yet a Norwegian company is planning to set up a solar
Published 02 Apr, 2017 12:00am
Tunisians irked by slow progress on civil liberties

Tunisians irked by slow progress on civil liberties

Tunisian activists say they are frustrated by the slow progress on reforms to improve civil liberties six years after an uprising calling for more freedoms in the North African country. The 2011 revolution that toppled longtime dictator Zine El Abidine Be
Published 02 Apr, 2017 12:00am
SBP's report

SBP's report

It is indeed a matter of great satisfaction that the overall economic environment continues to remain conducive for growth. According to State Bank of Pakistan's Second Quarterly Report for FY17 on the State of Pakistan's Economy, the overall economic env
Published 02 Apr, 2017 12:00am
PAF, RAF No 9 Squadron declared twins

PAF, RAF No 9 Squadron declared twins

It was yet another historic day in the remarkable history of Pakistan Air Force (PAF) No 9 multirole squadron, when it was declared the twin of the renowned No 9 squadron of Royal Air Force (RAF) in a grand ceremony held at PAF Base, Mushaf on Saturday. A
Published 02 Apr, 2017 12:00am
Pakistan lost opportunity to get big leather export order: PTA

Pakistan lost opportunity to get big leather export order: PTA

Chairman Pakistan Tanners Association (PTA), Anjum Zafar has expressed with concern that Pakistan has lost a good opportunity to secure big leather sector export order owing to non applicability of incentive package announced by the prime minister in Janu
Published 02 Apr, 2017 12:00am
Murad urges FWO to expedite pace on mega projects

Murad urges FWO to expedite pace on mega projects

A delegation of Frontier Works Organisation (FWO) called on Chief Minister Sindh Syed Murad Ali Shah here on Saturday and briefed him about the progress work on mega projects K-1V Bulk Water Supply and Karachi-Thatta Dual Carriageway (KTDCW) timely comple
Published 02 Apr, 2017 12:00am
ATC issues NBWs against Altaf, Sattar and others

ATC issues NBWs against Altaf, Sattar and others

Again non-bailable arrest warrants for MQM founder Altaf Hussain and Farooq Sattar were issued by an anti-terrorism court (ATC) on Saturday in provocative speech case. The court also issued non-bailable warrants against MQM leaders Khushbakht Shujaat, Jun
Published 02 Apr, 2017 12:00am
NBP, Xpress Money announce promotional schemes

NBP, Xpress Money announce promotional schemes

National Bank of Pakistan and Xpress Money has launched a promotional campaign where hundreds of remittance customers sending their remittances through Xpress Money from across the globe and receiving them from any of the NBP's 1400+ branches will be elig
Published 02 Apr, 2017 12:00am
Rains forecast for Monday

Rains forecast for Monday

The Met Office has forecast rain-dust-thunderstorm with gusty winds for upper and some central parts of the country during the next week. According to the Met, a weather system is likely to enter Pakistan on next Monday to trigger rain-dust-thunderstorm w
Published 02 Apr, 2017 12:00am
Date for payment of SWPF extended to April 15

Date for payment of SWPF extended to April 15

Sindh Revenue Board (SRB) has extended the date of payment of contribution of Sindh Workers Participation Fund (SWPF) relating to accounting year ended June 30, 2016 for a period up to April 15, 2017.
Published 02 Apr, 2017 12:00am
Minister opens Admore's oil storage terminal in Daulatpur

Minister opens Admore's oil storage terminal in Daulatpur

The government is committed to bringing prosperity to less developed areas of the country with support from private sector and construction of state-of-the-art oil storage terminal by Admore Gas in Daulatpur is a step in the right direction. This was stat
Published 02 Apr, 2017 12:00am
ICMA announces 'Fall 2016' result

ICMA announces 'Fall 2016' result

The National Council of Institute of Cost and Management Accountants of Pakistan (ICMAP) held its meeting on Saturday, chaired by the President Mohammad Iqbal Ghori, FCMA, announced the result of Fall 2016 (Written & CBE) and Professional Competence Level
Published 02 Apr, 2017 12:00am
Park renovation: Bahria Foundation to provide funds: PPP

Park renovation: Bahria Foundation to provide funds: PPP

Information Secretary PPP Sindh, Senator Aajiz Dhamra while addressing at a press conference at PPP Media Cell Sindh, Hyderabad on Saturday has said that MQM-London and MQM-Pakistan are the two names of same child. He said that under the agreement with th
Published 02 Apr, 2017 12:00am
Over 400 Pakistani devotees arrive at Ajmer shrine

Over 400 Pakistani devotees arrive at Ajmer shrine

A delegation of over 400 devotees from Pakistan arrived at the shrine of Khawaja Moinuddin Chishti here Saturday to pay their homage to the Sufi saint. The devotees, accompanied by the officials of the Pakistani Embassy, reached Ajmer this morning by a sp
Published 02 Apr, 2017 12:00am
PTI to have a solo flight in 2018 polls, says Khattak

PTI to have a solo flight in 2018 polls, says Khattak

KP Chief Minister Pervez Khattak has said that PTI has become the largest political party of the country and will go for solo flight in general elections 2018 and will sweep it as masses have become fed up of corrupt mafias and corruption. Addressing a pu
Published 02 Apr, 2017 12:00am
JI to hold 'historic sit-in' at KE office on April 7

JI to hold 'historic sit-in' at KE office on April 7

A day after its sit-in at Sahrahe Faisal in Karachi, Jamaat-e-Islami stage protest demonstrations at more than 50 points of the city on Saturday against load-shedding and excessive billing by K-Electric. JI Karachi chief Hafiz Naeem-ur-Rehman has announce
Published 02 Apr, 2017 12:00am
Pasban flays Sindh government's move of removing IGP

Pasban flays Sindh government's move of removing IGP

Expressing dismay over the move of the provincial government of Sindh to surrender the services of Inspector General of Sindh Police Allah Dino Khwaja back to the federal government, Pasban-e-Pakistan President Altaf Shakoor on Saturday asked why honest a
Published 02 Apr, 2017 12:00am
Seminaries being eliminated as part of international agenda: Fazl

Seminaries being eliminated as part of international agenda: Fazl

Jamiat Ulema-e-Islam (JUI-F) Chief, Maulana Fazal-ur-Rahman on Saturday said that seminaries were being eliminated as part of an international agenda. Talking to media, Fazal-ur-Rehman denounced the recent attack in Parachinar and stated that eliminating
Published 02 Apr, 2017 12:00am
One injured as train catches fire

One injured as train catches fire

One person sustained minor injuries as fire erupted in three bogies of Khushhal Khan Khatak Express near Sehwan Sharif on Saturday. Railway track was opened for trains after brief suspension and the affected train left for Larkana with passengers. The rea
Published 02 Apr, 2017 12:00am
EPZA attracts visitors during Textile Asia trade fair

EPZA attracts visitors during Textile Asia trade fair

Export Processing Zones Authority (EPZA) stall stayed attractive for the foreign and local visitors during 17th Textile Asia Expo 2017 including KEPZ investors mainly Shahzad Apparel, Ziqi Toys, Combine Holding, American Safety & IF Zippers etc.
Published 02 Apr, 2017 12:00am
PLRA to set up BoP counters in 144 land record centers: DG

PLRA to set up BoP counters in 144 land record centers: DG

Captain Zafar Iqbal (Retd), Director General of Punjab Land Records Authority (PLRA), said on Saturday that PLRA will establish Bank of Punjab (BoP) counters in 144 land record centers across Punjab. He expressed these views while chairing a meeting at hi
Published 02 Apr, 2017 12:00am
Siraj backs demand for South Punjab province

Siraj backs demand for South Punjab province

Amir Jamaat-e-Islami (JI) Siraj ul Haq on Saturday raised his voice in favour of 'Bahawalpur Province' in a public gathering here at hockey ground. He was addressing a public gathering when he lambasted Pakistan Peoples' Party (PPP) and Pakistan Muslim Le
Published 02 Apr, 2017 12:00am
Government to declare Quran education compulsory in schools: Baligh

Government to declare Quran education compulsory in schools: Baligh

The government has decided to declare Quran education compulsory in all public and private schools and a law in this regard would be enacted very soon by the parliament, said State Minister for Federal Education and Professional Training Mohammad Baligh-u
Published 02 Apr, 2017 12:00am
US embassy launches entrepreneurship speaker series

US embassy launches entrepreneurship speaker series

The US Embassy launched its 2017 Entrepreneurship Speaker Series this week with the visit of American entrepreneur Rhett Power, who delivered a series of presentations in Islamabad, Karachi, and Lahore on the theme of "Do's and Don'ts of Starting a Busine
Published 02 Apr, 2017 12:00am
Kyrgyzstan envoy for identifying new sectors of economy
Currency

Kyrgyzstan envoy for identifying new sectors of economy

Ambassador of Kyrgyzstan to Pakistan Erik Beishembiev has said that both countries should identify new sectors of economy for co-operation and introduce new tradable items to boost mutual trade. He was talking to LCCI Senior Vice President Amjad Ali Jawa
Published 02 Apr, 2017 12:00am
Tanveer unveils software house at COMSATS

Tanveer unveils software house at COMSATS

Rana Tanveer Hussain, Federal Minister for Science and Technology, on Saturday inaugurated "COMSATS software house" at COMSATS Institute of Information Technology (CIIT) Sahiwal. He was accompanied by Dr S M Junaid Zaidi Executive Director COMSATS, Profes
Published 02 Apr, 2017 12:00am
Punjab to set up directorate of medical education

Punjab to set up directorate of medical education

In order to look after the issues of medical education of Postgraduates, nursing and allied health sciences, a Directorate of Medical Education would be set up in Punjab. The institution would help introduce reforms in medical education, improvement of ed
Published 02 Apr, 2017 12:00am
Hydel generation drops to 1900 megawatts

Hydel generation drops to 1900 megawatts

Hydel generation dropped to 1900 megawatt due to a shortage of water in dams, a situation that led to a shortfall of 5000 megawatt in total. Accordingly, the load shedding duration escalated to 10 hours in urban and 14 hours a day in rural areas. Power ge
Published 02 Apr, 2017 12:00am
Valuables worth millions gutted in two incidents

Valuables worth millions gutted in two incidents

Valuables worth million of rupees were reduced to ashes in two separate fire incidents in the provincial metropolis on Saturday. In the first incident, a fire broke out in a market located in Anarkali at around 2:00 am that engulfed at least six buildings
Published 02 Apr, 2017 12:00am
Christian community holds worship prayer ceremony

Christian community holds worship prayer ceremony

A Collective Worship Prayer ceremony was held in Mission Ahata Ground Raiwind Lahore under the banner "Pakistan Zindabad", here on Saturday. Pastor Anwar Fazal was the host of the ceremony while around 100000 Christians attended the ceremony. Those presen
Published 02 Apr, 2017 12:00am
ADR centres to be set up across Punjab: LHC CJ

ADR centres to be set up across Punjab: LHC CJ

Lahore High Court Chief Justice Syed Mansoor Ali Shah on Saturday visited the Alternate Dispute Resolution (ADR) Centre and appreciated the performance of the judges. The Chief Justice said that people wanted to contact ADR centers for inexpensive and tim
Published 02 Apr, 2017 12:00am
Experts call for joint efforts to control huge food losses

Experts call for joint efforts to control huge food losses

Food experts and technologists have urged to make joint efforts to control the growing food losses and wastage at farm gate to consumer-table as due to mechanical issues in harvesting, handling, transportation, storage and even during the processing and p
Published 02 Apr, 2017 12:00am
Need to upgrade technical training system stressed

Need to upgrade technical training system stressed

The Technical and Vocational Training System should be upgraded and synchronized with international standards to pave way for the establishment of modern and high tech industries in Pakistan, said Engineer Ahmad Hasan President Board of Management (BoM) V
Published 02 Apr, 2017 12:00am
Body formed against graffiti in Faisalabad

Body formed against graffiti in Faisalabad

The Punjab government has constituted a District Monitoring Committee in order to monitor the campaign for eradication of wall chalking and inhibition of pasting of posters. Deputy Commissioner Salman Ghani would be convener of this committee while DPO/CP
Published 02 Apr, 2017 12:00am
Free eye camp ends

Free eye camp ends

Shafa Hospital at Darul Ehsan, Samundri Road, has been concluded; it remained functional from 1st March to 31st March. During the camp total of 12065 operations of eye patients were conducted while 35500 eye patients were examined by doctors at outdoor.
Published 02 Apr, 2017 12:00am
All resources being utilized to overcome power shortage: Abid

All resources being utilized to overcome power shortage: Abid

Minister of State for Water and Power Abid Sher Ali on Saturday said that all available resources are being utilized to overcome power shortage in the country. Talking to the media during his visit to Faisalabad Electric Supply Company (Fesco), he said, "
Published 02 Apr, 2017 12:00am
PM congratulates new APNS body

PM congratulates new APNS body

Prime Minister Nawaz Sharif has congratulated the newly elected representative body of All Pakistan Newspapers Society (APNS), says a press release issued here on Saturday. The Prime Minister extended his deepest congratulations to Sarmad Ali elected as P
Published 02 Apr, 2017 12:00am
Census team detains 3 robbers

Census team detains 3 robbers

A census team detained three robbers on Saturday when they broke into a house in Mahmoodabad area of Karachi. The criminals were handed over to police for further investigations. It has been reported that the robbers broke into the house when they were ca
Published 02 Apr, 2017 12:00am
Punjab tightens security at entry, exit points

Punjab tightens security at entry, exit points

A meeting of Provincial Cabinet Committee on Law and Order was held here Friday with Punjab Chief Minister Muhammad Shehbaz Sharif in the chair. The meeting decided to tighten the security of entry and exit points of Punjab. Addressing the meeting, the Ch
Published 02 Apr, 2017 12:00am
Major-General Azhar Saleh promoted

Major-General Azhar Saleh promoted

In a major reshuffle, Major General Azhar Saleh Abbasi has been promoted to the rank of lieutenant general and appointed as Corps Commander Mangla with immediate effect. According to ISPR, Lieutenant General Umar Farooq Durrani has been appointed as Chair
Published 02 Apr, 2017 12:00am
World Autism Day: UN SG calls for changing attitude

World Autism Day: UN SG calls for changing attitude

United Nation Secretary-General Antonio Gueterres has said that let us all play a part in changing attitudes toward persons with autism. In his message on World Autism Awareness Day being observed across the globe today (Sunday), the UN Secretary General
Published 02 Apr, 2017 12:00am
India involved in brutalities in IHK: Fatemi

India involved in brutalities in IHK: Fatemi

Special Assistant to Prime Minister on Foreign Affairs Tariq Fatemi has said that India is involved in brutal activities and killing of innocent Kashmiris in the Indian occupied Kashmir (IOK). In an interview, he said Pakistan had caught the Indian office
Published 02 Apr, 2017 12:00am
Etisalat named most valuable telecom brand portfolio in ME

Etisalat named most valuable telecom brand portfolio in ME

Etisalat's stable of brands has been named the most valuable of any telecoms brand portfolios in the Middle East, as measured by London-based brand valuation and strategy consultancy, Brand Finance. Etisalat brand home-base is in UAE, it has stakes in Egy
Published 02 Apr, 2017 12:00am
French team due on 4th to explore business opportunities

French team due on 4th to explore business opportunities

A 21-member delegation of France will reach Pakistan on a three-day visit on Tuesday to explore business, trade and investment opportunities. The delegation will be headed by Chairman France-Pakistan Business Council of Mouvement des Entreprises de France
Published 02 Apr, 2017 12:00am
PSO ensures uninterrupted fuel supply across country

PSO ensures uninterrupted fuel supply across country

Pakistan State Oil (PSO) has issued a statement that the supply of petroleum products will continue across the country without any hitches and the company is striving hard to ensure that. The statement came after the news of a strike called by the Oil Tan
Published 02 Apr, 2017 12:00am
Growers asked to follow recommendations
Cotton

Growers asked to follow recommendations

Punjab Agriculture Minister Naeem Akhtar Khan Bhabha has advised the growers to follow the recommendations issued by the provincial agriculture department to save the spring season crops from the attack of white fly and other pests. In a statement issued
Published 02 Apr, 2017 12:00am
Prices of most essential kitchen items witness decline

Prices of most essential kitchen items witness decline

The prices of most of essential kitchen items, other than tomatoes, tea and chicken, witnessed a decline during the past week as compared to the preceding week, reveals a survey carried out by Business Recorder here on Saturday. According to the su
Published 02 Apr, 2017 12:00am
Crime cases on the rise in capital

Crime cases on the rise in capital

The city police registered seven cases of theft and robbery, five cases of car lifting, two cases of kidnapping and one case of murder during the last week, which negates tall claims of the Islamabad Police regarding curb in crime rate. According to the c
Published 02 Apr, 2017 12:00am
Arrest warrants of Raja Pervez issued

Arrest warrants of Raja Pervez issued

Accountability Court on Saturday issued arrest warrant of former prime minister Raja Pervez Ashraf for his alleged role in illegal appointments in Gujranwala Electric Power Company. Earlier, the counsel of Raja Pervez Ashraf filed an application saying hi
Published 02 Apr, 2017 12:00am
British role in European security 'unconditional', says foreign minister

British role in European security 'unconditional', says foreign minister

Britain's contribution to European security is "unconditional", Foreign Secretary Boris Johnson told a French newspaper, denying the government had made a veiled threat to reduce cooperation if there was no post-Brexit trade deal. Prime Minister Theresa M
Published 02 Apr, 2017 12:00am
Three killed during raid on Bangladesh militant den

Three killed during raid on Bangladesh militant den

Three people including a woman were killed when Bangladesh security forces stormed an Islamist militant hideout Saturday, police said, as the Muslim-majority nation fights to contain a wave of extremist attacks. The incident was the latest battle against
Published 02 Apr, 2017 12:00am
Russian Soviet-era poet dies

Russian Soviet-era poet dies

Yevgeny Yevtushenko, a Russian Soviet-era poet who found a large following in the West in the 1960s, died on Saturday of heart failure in the United States at the age of 84, Russian news agency RIA Novosti said. "He died peacefully a few minutes ago, surr
Published 02 Apr, 2017 12:00am
Brazilians take to streets against Temer-backed reforms

Brazilians take to streets against Temer-backed reforms

Tens of thousands of Brazilians returned to the streets Friday to protest reforms backed by President Michel Temer's conservative government. Union members, students, teachers and leftist groups gathered late in the afternoon in central Sao Paulo to demon
Published 02 Apr, 2017 12:00am
Memorial of South Africa icon turns into anti-Zuma protest
Currency

Memorial of South Africa icon turns into anti-Zuma protest

A memorial service Saturday for anti-apartheid icon Ahmed Kathrada was transformed into a fierce attack on South African President Jacob Zuma, under fire after a controversial cabinet reshuffle. Party veterans of the ruling ANC, sacked finance minister Pr
Published 02 Apr, 2017 12:00am
More reports of harassment by Fox star O'Reilly

More reports of harassment by Fox star O'Reilly

Bill O'Reilly, a star Fox News commentator, has been accused of harassment by at least five employees of the network, which has paid millions to resolve their claims, The New York Times reported Saturday. It said Fox had paid the five women a total of $13
Published 02 Apr, 2017 12:00am
Rainbow flag creator Gilbert Baker dies

Rainbow flag creator Gilbert Baker dies

American artist Gilbert Baker, who created the rainbow flag recognized around the world as a symbol of gay pride, has died, close friend and rights activist Cleve Jones announced Friday. Baker, who was 65, came up with the iconic eight-colored banner for
Published 02 Apr, 2017 12:00am
Iran rejects US terror claim by Mattis, blames Saudi Arabia

Iran rejects US terror claim by Mattis, blames Saudi Arabia

Iran rejected an allegation by US Defense Secretary James Mattis that it was "the primary exporter of terrorism" and said on Saturday that the main source was US ally Saudi Arabia. "Some countries led by America are determined to ignore the main source of
Published 02 Apr, 2017 12:00am
Palestinian stabs three Israelis, is shot dead

Palestinian stabs three Israelis, is shot dead

A Palestinian from the occupied West Bank stabbed and wounded three Israelis in Jerusalem's Old City on Saturday before being shot dead by border guards, police said. The suspect attacked two Jewish passers-by before fleeing. He later wounded a border gua
Published 02 Apr, 2017 12:00am
Trump brands Russia probe 'witch hunt' as ex-aide seeks immunity

Trump brands Russia probe 'witch hunt' as ex-aide seeks immunity

President Donald Trump on Friday blasted a probe into his team's ties to Russia as an opposition "witch hunt," defending his former top aide Michael Flynn's decision to ask for immunity in the case. Trump's ex-national security advisor, whose links to Rus
Published 02 Apr, 2017 12:00am
Uruguay launches search for Korean freighter missing in Atlantic

Uruguay launches search for Korean freighter missing in Atlantic

A search is underway for a large South Korean freighter with 24 crew on board that disappeared in the Atlantic Ocean after issuing a distress call, the Uruguayan navy told AFP. The Stella Daisy, a Very Large Ore Carrier (VLOC) with a capacity of more than
Published 02 Apr, 2017 12:00am
Paraguayan activist killed in a night of political riots

Paraguayan activist killed in a night of political riots

Police apparently shot dead a Paraguayan opposition political activist Saturday in a raid after rioters stormed Congress in anger at a contested electoral reform, officials said. Authorities said 30 people, including some opposition leaders, were injured
Published 02 Apr, 2017 12:00am
South Africa new finance minister vows to enforce ANC policies

South Africa new finance minister vows to enforce ANC policies

South Africa's new Finance Minister Malusi Gigaba Saturday pledged to implement the policies of the ruling ANC as the party remains deeply divided over the sudden firing of his predecessor. Gigaba on Thursday replaced Pravin Gordhan, ousted in a shock mid
Published 02 Apr, 2017 12:00am
Kiev slams Eurovision call to allow Russian singer

Kiev slams Eurovision call to allow Russian singer

Ukraine on Saturday hit back at "unprecedented and unacceptable" calls from the Eurovision Song Contest's organisers for it to lift an entry ban on Russia's contestant. In an angry row ahead of the kitsch song contest in May to be hosted in Kiev, Ukraine
Published 02 Apr, 2017 12:00am
US-led strikes 'likely' caused 229 civilian deaths since 2014: Pentagon

US-led strikes 'likely' caused 229 civilian deaths since 2014: Pentagon

Air strikes by the US-led coalition against the Islamic State group have likely "unintentionally" killed 229 civilians since the offensive began in 2014, according to US Central Command. The tally does not include civilian casualties from March - which co
Published 02 Apr, 2017 12:00am
Iraqi state TV says IS second-in-command killed in airstrike

Iraqi state TV says IS second-in-command killed in airstrike

Ayad al-Jumaili, believed to be the deputy of Islamic State leader Abu Bakr al-Baghdadi, has been killed in an air strike, Iraqi State TV said on Saturday, citing Iraqi military intelligence. The US-led anti-Islamic State coalition said it was unable at t
Published 02 Apr, 2017 12:00am
Erdogan says he 'guardian of peace' as seeks Kurds' support

Erdogan says he 'guardian of peace' as seeks Kurds' support

President Tayyip Erdogan described himself as a "guardian of peace" on Saturday as he called on Kurds in conflict-torn southeast Turkey to vote 'yes' in a referendum in two weeks time on reforms that would grant him sweeping new powers. Since the collapse
Published 02 Apr, 2017 12:00am
Australia floods still rising with two dead, four missing

Australia floods still rising with two dead, four missing

Flooded rivers were still rising Saturday in two Australian states with two women dead and four people missing after torrential rains in the wake of a powerful tropical cyclone. Queensland police warned that the Logan River, which runs through Beenleigh s
Published 02 Apr, 2017 12:00am
Peru seeks more international aid to cope with extreme floods

Peru seeks more international aid to cope with extreme floods

Peru needs more international aid to help hundreds of thousands of people cope with continuing floods and mudslides that have killed more than 100 people and torn apart much of the country's infrastructure, the transportation minister said Friday. Ministe
Published 02 Apr, 2017 12:00am
Dylan in Stockholm to accept Nobel

Dylan in Stockholm to accept Nobel

After months of controversy, Bob Dylan was due in Stockholm Saturday to finally grab his Nobel literature prize in a meeting with the Swedish Academy, which honoured him for his poetry. The first songwriter to receive the prestigious award, Dylan has join
Published 02 Apr, 2017 12:00am
Himalayan glaciers granted status of 'living entities'

Himalayan glaciers granted status of 'living entities'

An Indian court has recognised Himalayan glaciers, lakes and forests as "legal persons" in an effort to curb environmental destruction, weeks after it granted similar status to the country's two most sacred rivers. In a decision that aims to widen environ
Published 02 Apr, 2017 12:00am
Kulasekara leads Sri Lanka to series draw

Kulasekara leads Sri Lanka to series draw

Nuwan Kulasekara claimed four wickets as Sri Lanka beat Bangladesh by 71 runs in the third one-day international, securing a 1-1 draw in the three-match series in Colombo on Saturday. Suranga Lakmal, Dilruwan Perera, Seekkuge Prasanna all chipped in with
Published 02 Apr, 2017 12:00am
Taimur leads in Amateur Ranking Golf

Taimur leads in Amateur Ranking Golf

Taimur Naseer maintained his lead of six under 138 over 36-holes in the 50th National Amateur Ranking Golf Championship being played over 54-holes here at PAF Golf Course on Saturday. With this stunning performance Taimur Naseer was also selected to repre
Published 02 Apr, 2017 12:00am
Humam shines in Red Crescent Junior Squash

Humam shines in Red Crescent Junior Squash

Humam Ahmad of PSB Mohib Ullah Khan Squash Academy upset Pakistan No 1 Ahad Shoukat of Punjab in the final of the Pakistan Red Crescent National Junior Age Group Squash Championship played here at PAF Hashim Khan Squash Complex on Saturday. Chairman Pakis
Published 02 Apr, 2017 12:00am
Chaman, Panjgur reach Balochistan Football final

Chaman, Panjgur reach Balochistan Football final

Skipper Chaman Hayatullah Khan scored the sole goal for his team and celebrated the victory in the first semi-final against Quetta City in the Pakistan Petroleum Limited (PPL) Balochistan Football Cup 2017, while Panjgur won the second semi-final against
Published 02 Apr, 2017 12:00am
British ultra-distance cyclist dies during race

British ultra-distance cyclist dies during race

British ultra-distance cyclist Mike Hall has died after being hit by a car while competing in a race across Australia, organisers said. Hall, 35, died at the scene after being struck on the outskirts of national capital Canberra on Friday on the final sta
Published 02 Apr, 2017 12:00am
Chelsea suffer shock loss, Spurs win, Liverpool beat Everton

Chelsea suffer shock loss, Spurs win, Liverpool beat Everton

New life was pumped into the Premier League title race on Saturday after leaders Chelsea suffered a shock 2-1 defeat at home to Crystal Palace, enabling Tottenham Hotspur to cut the gap at the top to seven points after their 2-0 win at Burnley. Liverpool
Published 02 Apr, 2017 12:00am
Federer denies Kyrgios, will battle Nadal for Miami crown

Federer denies Kyrgios, will battle Nadal for Miami crown

Roger Federer beat Australia's Nick Kyrgios 7-6 (11/9), 6-7 (9/11), 7-6 (7/5) in a thriller on Friday to set up a mouth-watering Miami Open final against Rafael Nadal. Federer and Kyrgios produced an extraordinary range of shots in an enthralling, fiercel
Published 02 Apr, 2017 12:00am
Lewandowski hat-trick as Bayern crush Augsburg, Leipzig win

Lewandowski hat-trick as Bayern crush Augsburg, Leipzig win

Bundesliga leaders Bayern Munich demolished Augsburg 6-0 with forward Robert Lewandowski scoring a hat-trick to protect their 13-point advantage over second-placed RB Leipzig who beat bottom club Darmstadt 98 4-0 on Saturday. The Bavarians, who face Real
Published 02 Apr, 2017 12:00am
China pledges greater yuan flexibility as capital outflows ease
Currency

China pledges greater yuan flexibility as capital outflows ease

China's foreign exchange regulator said on Thursday that pressure from capital outflows eased somewhat in 2016 and there will be greater flexibility in the yuan's exchange rate in 2017. Authorities have taken a raft of steps in recent months to curb capit
Published 02 Apr, 2017 12:00am
IMF's renminbi disclosure starts with a whimper
Currency

IMF's renminbi disclosure starts with a whimper

When Deng Xiaoping set China on the course of market-oriented reform nearly 40 years ago, he called his pragmatic and incremental approach "stepping on stones to cross the river." The Chinese currency's much-ballyhooed entry into global finance has landed
Published 02 Apr, 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 02 Apr, 2017 12:00am
US dollar net longs fall for first time in four weeks

US dollar net longs fall for first time in four weeks

Speculators reduced bullish bets on the US dollar for the first time in four weeks, according to Commodity Futures Trading Commission data released on Friday and calculations by Reuters. The value of the dollar's net long position totalled $15.27 billion
Published 02 Apr, 2017 12:00am
Dollar near flat after Fed's Dudley, US data deflate rise

Dollar near flat after Fed's Dudley, US data deflate rise

The dollar was flat on Friday as a Federal Reserve official's seemingly dovish remarks and uninspiring data on the US economy "squelched" the sanguine mood from earlier this week. The euro rebounded from a two-week trough, and the dollar fell to its low o
Published 02 Apr, 2017 12:00am
Canadian dollar strengthens
Currency

Canadian dollar strengthens

The Canadian dollar strengthened on Friday against the greenback, padding its gains for the quarter, as data showing robust domestic growth in January raised prospects of an earlier-than-expected Bank of Canada interest rate hike. Canada's economy expande
Published 02 Apr, 2017 12:00am
Venezuela to launch new exchange rate
Currency

Venezuela to launch new exchange rate

Venezuela next week will launch a new currency exchange mechanism to replace the DICOM rate, also known as SIMADI, President Nicolas Maduro said late on Monday in a televised speech as the Opec nation suffers a deep economic crisis. The oil-rich country c
Published 02 Apr, 2017 12:00am
Nigeria FX buffer at two-week low as black market naira weakens
Currency

Nigeria FX buffer at two-week low as black market naira weakens

Nigeria's forex reserves fell to a two-week low and the naira eased on the black market on Friday after the central bank pledged to step up dollar sales but also said it would announce a new currency rate for retail exchange bureaus next week. The central
Published 02 Apr, 2017 12:00am
Nigeria to start dollar sales to FX bureaus
Currency

Nigeria to start dollar sales to FX bureaus

Nigeria's central bank will start twice weekly currency sales to retail exchange bureaus from next week and step up dollar supplies to them in a bid to boost liquidity, it said on Thursday. The bank said it would increase the amount it offers at the sales
Published 02 Apr, 2017 12:00am
Wall Street's rock-solid quarter ends with a loss

Wall Street's rock-solid quarter ends with a loss

Wall Street fell on Friday, pulled down by Exxon and JPMorgan Chase as investors wrapped up a strong quarter and weighed whether corporate earnings reports will justify the market's lofty valuations. Major indexes have hit multiple record highs since the
Published 02 Apr, 2017 12:00am
Befesa eyes listing

Befesa eyes listing

European private equity-owned metals recycling group Befesa is preparing a stock market listing in a deal potentially valuing the group at up to 1.2 billion euros ($1.3 billion), people close to the matter said. Buyout group Triton has asked Goldman Sachs
Published 02 Apr, 2017 12:00am
Befesa eyes listing

Befesa eyes listing

European private equity-owned metals recycling group Befesa is preparing a stock market listing in a deal potentially valuing the group at up to 1.2 billion euros ($1.3 billion), people close to the matter said. Buyout group Triton has asked Goldman Sachs
Published 02 Apr, 2017 12:00am
US stocks rally may be near peak, but some gains ahead

US stocks rally may be near peak, but some gains ahead

A US stocks rally fuelled by optimism President Donald Trump will boost the economy may be near its peak, according to a Reuters poll of strategists who forecast US shares will gain less than 3 percent between now and year-end. The run up since the Novemb
Published 02 Apr, 2017 12:00am
US investors take shelter in foreign-stock, bond funds

US investors take shelter in foreign-stock, bond funds

Investors hesitated to take more risk in the US stock market, finding cover in bonds and outside their home market during the latest week, Investment Company Institute data showed on Wednesday. US-based bond funds absorbed $13.2 billion, the most cash sin
Published 02 Apr, 2017 12:00am
US investors take shelter in foreign-stock, bond funds

US investors take shelter in foreign-stock, bond funds

Investors hesitated to take more risk in the US stock market, finding cover in bonds and outside their home market during the latest week, Investment Company Institute data showed on Wednesday. US-based bond funds absorbed $13.2 billion, the most cash sin
Published 02 Apr, 2017 12:00am
TSX slips but BlackBerry tempers decline

TSX slips but BlackBerry tempers decline

Canada's main stock index ended modestly lower on Friday, weighed by financial and railway companies, though better-than-expected results from BlackBerry offset some of the losses as its stock surged. Despite the small decline, the Toronto stock market en
Published 02 Apr, 2017 12:00am
BlackRock plans major changes to its active stockpicking business

BlackRock plans major changes to its active stockpicking business

BlackRock Inc on Tuesday said it would dramatically recast a portion of its fund management operations, conceding that the business of picking stocks has grown increasingly competitive. The world's largest asset manager said in a statement it will rebrand
Published 02 Apr, 2017 12:00am
BlackRock plans major changes to its active stockpicking business

BlackRock plans major changes to its active stockpicking business

BlackRock Inc on Tuesday said it would dramatically recast a portion of its fund management operations, conceding that the business of picking stocks has grown increasingly competitive. The world's largest asset manager said in a statement it will rebrand
Published 02 Apr, 2017 12:00am
Developed market shares expensive; correction due

Developed market shares expensive; correction due

Developed market share prices are looking expensive, according to a plurality of strategists and brokers, with a majority in a global Reuters poll saying those major indexes are due for a correction of 10 percent or more this year. Stock markets everywher
Published 02 Apr, 2017 12:00am
European shares seen up in 2017 as economy puts politics in shade

European shares seen up in 2017 as economy puts politics in shade

European shares are expected to make single-digit gains this year and in early 2018 as a brighter economic outlook and cheap valuations trump political concerns, a Reuters poll found. Wednesday's poll of brokers, fund managers and analysts taken over the
Published 02 Apr, 2017 12:00am
British bonds buoyed by Brexit risks, but prone to inflation burn

British bonds buoyed by Brexit risks, but prone to inflation burn

Fast-rising inflation and growing talk of tighter monetary policy from the Bank of England may spell the end of a winning streak for British gilts, among the best performers in major government bond markets this year. Yields on 20- and 30-year gilts neare
Published 02 Apr, 2017 12:00am
British bonds buoyed by Brexit risks, but prone to inflation burn

British bonds buoyed by Brexit risks, but prone to inflation burn

Fast-rising inflation and growing talk of tighter monetary policy from the Bank of England may spell the end of a winning streak for British gilts, among the best performers in major government bond markets this year. Yields on 20- and 30-year gilts neare
Published 02 Apr, 2017 12:00am
Indian stocks seen hitting record high by end-June
Currency

Indian stocks seen hitting record high by end-June

India's benchmark BSE Sensex share index will scale a new record high by mid-year, according to strategists and brokers in a Reuters poll, who have upgraded their forecasts significantly from three months ago. This more bullish view emerges from the poll
Published 02 Apr, 2017 12:00am
Egypt lowers customs exchange rate
Currency

Egypt lowers customs exchange rate

Egypt said on Thursday it would set its customs exchange rate to around 10 percent below the market price of the dollar for April in an effort to control inflation. Egypt's inflation rate has soared since it floated its currency last November, with annual
Published 02 Apr, 2017 12:00am
Mexico lowers economic growth view on US headwinds

Mexico lowers economic growth view on US headwinds

Mexico's finance ministry on Friday cut its 2017 growth outlook for Latin America's no. 2 economy, flagging uncertainty over US policy, and said it saw inflation ending the year nearly a full percentage point above the central bank's target range. It expe
Published 02 Apr, 2017 12:00am
China Southern profit soars
Currency

China Southern profit soars

Asia's biggest carrier China Southern Airlines on Friday posted a 35 percent leap in profit in 2016, but the slumping Chinese currency dented earnings for the rest of the country's "big three" carriers. Increasing demand is expected to propel China to ove
Published 02 Apr, 2017 12:00am
China Southern profit soars
Currency

China Southern profit soars

Asia's biggest carrier China Southern Airlines on Friday posted a 35 percent leap in profit in 2016, but the slumping Chinese currency dented earnings for the rest of the country's "big three" carriers. Increasing demand is expected to propel China to ove
Published 02 Apr, 2017 12:00am
Sri Lanka's consumer price inflation hits record high

Sri Lanka's consumer price inflation hits record high

Sri Lanka's consumer price inflation hit a record high of 7.3 percent in March under a new index, government data released on Friday showed, which analysts attributed to the impact of a lingering drought, higher taxes and a weaker rupee, besides the effec
Published 02 Apr, 2017 12:00am
Turkmenistan enters potash market with $1.1 billion plant

Turkmenistan enters potash market with $1.1 billion plant

Gas-rich Turkmenistan on Friday opened a $1.1 billion potash fertilizer plant in a joint venture with ex-Soviet Belarus, state media reported. Speaking at the the opening, Turkmen President Gurbanguly Berdymukhamedov said the joint production facility was
Published 02 Apr, 2017 12:00am
BlackBerry narrows loss amid focus on services

BlackBerry narrows loss amid focus on services

BlackBerry said Friday its loss in the past quarter narrowed as it distanced itself further from smartphone making to concentrate on software and services. The Canadian tech firm reported a loss in its fiscal fourth quarter ending in February of $47 milli
Published 02 Apr, 2017 12:00am
BlackBerry narrows loss amid focus on services

BlackBerry narrows loss amid focus on services

BlackBerry said Friday its loss in the past quarter narrowed as it distanced itself further from smartphone making to concentrate on software and services. The Canadian tech firm reported a loss in its fiscal fourth quarter ending in February of $47 milli
Published 02 Apr, 2017 12:00am
Japan output jump, low jobless rate yet to spark inflation

Japan output jump, low jobless rate yet to spark inflation

Japanese factory output rose at the fastest pace in eight months and the jobless rate hit a two-decade low in February, a sign a rebound in overseas demand continued to brighten prospects for the country's export-reliant economy. But household spending re
Published 02 Apr, 2017 12:00am
Batteries included as Hyundai amps up electric car ambitions

Batteries included as Hyundai amps up electric car ambitions

South Korea's Hyundai Motor Co is developing its first dedicated architecture for electric vehicles, an executive told Reuters, seeking to catch up with the likes of Tesla in the growing segment with multiple, long-range models. While the platform will no
Published 02 Apr, 2017 12:00am
After 2016 squeeze, some top China banks set for stronger growth

After 2016 squeeze, some top China banks set for stronger growth

Improving asset quality and rising loan demand could see some of China's biggest listed banks bolster their profit growth this year, bankers signalled this week, even as interest margins remain under pressure and more bad loans are written off. "The trend
Published 02 Apr, 2017 12:00am
Late rush to join Indonesia tax amnesty after $360 billion declared

Late rush to join Indonesia tax amnesty after $360 billion declared

Hundreds of Indonesians queued from before dawn on Friday at Indonesia's main tax office in the capital, seeking to join the final day of a government tax amnesty that has already seen nearly $360 billion of assets declared. The government provided makesh
Published 02 Apr, 2017 12:00am
Iceland tourists to face tax price hike

Iceland tourists to face tax price hike

Tourists keen to explore Iceland's natural beauty will have to pay more from next year, after Reykjavik announced a tax hike Friday on the sector, which has exploded in recent years. The island nation announced the end of an 11 percent reduced rate of val
Published 02 Apr, 2017 12:00am
China launches new economic zone in Hebei to promote integration

China launches new economic zone in Hebei to promote integration

China will establish a new special economic zone in the heavily polluted province of Hebei in order to promote integration with the neighbouring cities of Beijing and Tianjin, the government announced on Saturday. The Xiongan New Area will be of the same
Published 02 Apr, 2017 12:00am
German prosecutors expect rulings in VW scandal this year

German prosecutors expect rulings in VW scandal this year

German prosecutors expect the first rulings this year in legal cases resulting from the Volkswagen emissions scandal, Automobilwoche magazine reported on Saturday. "We hope to conclude lawsuits this year," Klaus Ziehe, spokesman for the Braunschweig state
Published 02 Apr, 2017 12:00am
Russia sees first growth in two years as economy stabilizes

Russia sees first growth in two years as economy stabilizes

Russia's economy expanded for the first time in two years in the fourth quarter of 2016, data from the state statistics service showed Friday, as it slowly recovers from a crippling crisis. The country recorded 0.3 percent growth in gross domestic product
Published 02 Apr, 2017 12:00am
Airbus hopes to build new European fighter jet

Airbus hopes to build new European fighter jet

Aerospace giant Airbus is planning a next-generation European fighter jet, the group's defence chief said Friday, hoping to profit from the Old Continent's renewed commitment to reach NATO defence spending targets. "We are currently putting together pre-d
Published 02 Apr, 2017 12:00am
Eurozone inflation stumbles from ECB target
Currency

Eurozone inflation stumbles from ECB target

Eurozone inflation fell sharply in March to below the European Central Bank's target, pouring fresh doubts on the ECB's success in battling to boost consumer prices in Europe. The EU's Eurostat statistics agency said the rise in consumer prices slowed in
Published 02 Apr, 2017 12:00am
Ford recalls F-250 pickups

Ford recalls F-250 pickups

Ford Motor Co is recalling about 52,600 F-250 pickup trucks sold in the United States and Canada because the vehicles could roll after the driver moves the automatic transmission lever into park position, the company said on Saturday. The recall, the thir
Published 02 Apr, 2017 12:00am
No reason to rethink UK rating's negative outlook: S&P

No reason to rethink UK rating's negative outlook: S&P

S&P Global saw no surprises in the launch of Britain's divorce from the EU, and nothing has happened in recent months to make the agency rethink its negative rating outlook on the country, its top sovereign analyst said on Thursday. S&P cut Britain triple
Published 02 Apr, 2017 12:00am
No reason to rethink UK rating's negative outlook: S&P

No reason to rethink UK rating's negative outlook: S&P

S&P Global saw no surprises in the launch of Britain's divorce from the EU, and nothing has happened in recent months to make the agency rethink its negative rating outlook on the country, its top sovereign analyst said on Thursday. S&P cut Britain triple
Published 02 Apr, 2017 12:00am
Poorest Britons already feeling the crush of inflation

Poorest Britons already feeling the crush of inflation

Sharply rising inflation since last June's Brexit vote is already starting to hurt the poorest households in Britain. Supermarket chain Asda said on Friday its gauge of disposable income showed the weakest growth since June 2014 during February, with the
Published 02 Apr, 2017 12:00am
Mali sees increase in rice output

Mali sees increase in rice output

Mali expects to increase its rice output to 3 million tonnes in the 2017/18 season, about 8 percent more than the previous crop, figures from the Agriculture Ministry showed on Saturday. Mali is Africa's second biggest rice grower after Nigeria, thanks to
Published 02 Apr, 2017 12:00am
Mind the gap: high banker pay no guarantee of success

Mind the gap: high banker pay no guarantee of success

Some of Europe's most profitable lenders pay their chief executives the least, data from shareholder advisory group ISS shows, while loss-making banks reward their bosses more lavishly. Despite caps on bank bonuses introduced across much of Europe after t
Published 02 Apr, 2017 12:00am
Germany criticises Trump orders on trade deficits, import duty evasion

Germany criticises Trump orders on trade deficits, import duty evasion

US President Donald Trump's executive orders on trade deficits and import duty evasion are a sign that Washington plans to move away from free trade and international agreements, German Economy Minister Brigitte Zypries said on Saturday. Trump instructed
Published 02 Apr, 2017 12:00am
US soya acres seen at all-time high despite big stocks: USDA

US soya acres seen at all-time high despite big stocks: USDA

US farmers plan to seed a record amount of soyabean acreage this spring, even with supplies trending near all-time highs, but wheat seedings will fall to the lowest on record, the government said on Friday. Growers will dial back their corn seedings this
Published 02 Apr, 2017 12:00am
Ivory Coast slashes cocoa farmers' price for mid-crop

Ivory Coast slashes cocoa farmers' price for mid-crop

Ivory Coast slashed the price it guarantees for cocoa farmers by 36 percent to 700 CFA francs ($1.14) per kilogram on Thursday and reduced taxes for the April-to-September mid-crop amid a sharp drop in world prices. The world's top producer sells forward
Published 02 Apr, 2017 12:00am
Gold investment seen rising for FOURth year in 2017

Gold investment seen rising for FOURth year in 2017

Gold bullion investment will rise for the fourth straight year in 2017 as global political and economic factors are forecast to maintain buying interest, CPM Group said on Tuesday. "There has been a return of opportunistic generalist investors who had exi
Published 02 Apr, 2017 12:00am
Global sugar market to move into 2.85 million tonnes surplus

Global sugar market to move into 2.85 million tonnes surplus

Global sugar supply will move into a surplus of 2.85 million tonnes, raw value, in the 2017/18 season, Tropical Research Services (TRS) said on Thursday, citing a sharp rise in production. TRS forecasts a global deficit of 7.95 million tonnes for the curr
Published 02 Apr, 2017 12:00am
As farmers pump more groundwater for crops, food prices risk surge
Cotton

As farmers pump more groundwater for crops, food prices risk surge

Farmers around the world are using an unsustainable amount of well water to irrigate their crops - which could lead to an uptick in food prices as that water runs low, international researchers warned Wednesday. Farmers are increasing their use of groundw
Published 02 Apr, 2017 12:00am
Opec compliance with oil curbs rises in March as UAE joins cut: survey

Opec compliance with oil curbs rises in March as UAE joins cut: survey

OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies while maintenance and unrest cut production in exempt nations Nigeria and Libya. The
Published 02 Apr, 2017 12:00am
EU farmers rush to plant sugar, free to seek exports as quotas end

EU farmers rush to plant sugar, free to seek exports as quotas end

EU farmers are ramping up production of sugar beet this year when they will be freed at last to grow as much as they want and sell it globally, after a decade of strict output quotas and export limits. Farmers have started drilling the first post-quota cr
Published 02 Apr, 2017 12:00am
India brings back 10 percent tax on wheat imports

India brings back 10 percent tax on wheat imports

India on Tuesday imposed a 10 percent import tax on wheat with immediate effect, government sources said, reinstating the tariff after a gap of nearly four months that saw large overseas purchases. The government wants to curb imports when Indian farmers
Published 02 Apr, 2017 12:00am
Modest trade activity on cotton market
Cotton

Modest trade activity on cotton market

Slight improvement was seen on the cotton market on Saturday as the ginners were little interested in fresh selling in the process of trading, dealers said. The official spot rate was unchanged at Rs 6700, they said. In ready session, only 2000 bales of c
Published 02 Apr, 2017 12:00am
Rice prices rise in India, Thailand on stronger currencies

Rice prices rise in India, Thailand on stronger currencies

Rice prices firmed in Thailand and India on stronger local currencies, while prices weakened in Vietnam as the country entered its peak harvest season, traders said on Thursday. India's 5 percent broken parboiled rice prices rose by $2 per tonne to $373 t
Published 02 Apr, 2017 12:00am
IGC sees lower grains output for 2017-18

IGC sees lower grains output for 2017-18

The International Grains Council on Thursday forecast a drawdown in global grains stocks in 2017/2018 for the first time in five seasons, amid falling production and rising consumption. In its first forecast for the 2017/2018 season, the IGC estimated glo
Published 02 Apr, 2017 12:00am
Shanghai steel futures rise amid capacity cuts

Shanghai steel futures rise amid capacity cuts

Shanghai rebar steel futures rose for a third straight session on Thursday, supported by China's campaign to eliminate surplus capacity, although concerns over tepid seasonal demand capped their upside. The gains initially helped iron ore recover further
Published 02 Apr, 2017 12:00am
Russia to cut wheat prices for restocking programme

Russia to cut wheat prices for restocking programme

Russia's Agriculture Ministry has proposed cutting wheat prices for its restocking programme in the 2017/18 marketing year which starts on July 1, signalling stronger competition in the domestic market. The ministry, which has 4.0 million tonnes of grains
Published 02 Apr, 2017 12:00am
Brazil's soya crop view raised to record 113.3 million tonnes

Brazil's soya crop view raised to record 113.3 million tonnes

Brazil's 2016-17 soyabean crop forecast was raised to a record 113.3 million tonnes on Thursday compared to 111 million tonnes seen earlier in March, after independent consultancy Agroconsult finished a crop tour through main producing areas. Agroconsult
Published 02 Apr, 2017 12:00am
Asian naphtha crack rises to one-month high

Asian naphtha crack rises to one-month high

Asia's naphtha crack rose to a one-month high of nearly $80 a tonne on Thursday as persistent demand drove the value higher, while gasoline crack extended gains to reach a five-week high of $10.40 a barrel. Asia's top naphtha importer Taiwanese Formosa Pe
Published 02 Apr, 2017 12:00am
Chinese corn prices sink on talk of low priced reserve sales

Chinese corn prices sink on talk of low priced reserve sales

Chinese corn futures on the Dalian Commodity Exchange fell for a second day on Thursday amid rumours that Beijing will release grain from its vast state reserve earlier than scheduled and at lower-than-expected prices. Talk that the government could start
Published 02 Apr, 2017 12:00am
European gasoline margins up on summer grade but trade thin

European gasoline margins up on summer grade but trade thin

Benchmark European gasoline refining margins rose on Thursday as the more expensive summer grade of the fuel began to swap hands this week but trade was thin. Gasoline stocks at independently held storage in the Amsterdam-Rotterdam-Antwerp hub rose 10 per
Published 02 Apr, 2017 12:00am
Indonesian coffee prices fall while Vietnam remains quiet

Indonesian coffee prices fall while Vietnam remains quiet

A small harvest in Indonesia dragged prices of coffee beans down, while the market in Vietnam remained quiet amid low supply and thin stockpile, traders said on Thursday. Traders in Indonesia quoted robusta grade 4, 80 defects at a discount of $25 a tonne
Published 02 Apr, 2017 12:00am
Brazil's 2017 soyabean exports to reach new high

Brazil's 2017 soyabean exports to reach new high

The record soyabean crop being harvested in Brazil will generate a huge rise in Brazilian soyabean exports in 2017, Hamburg-based oilseeds analysts Oil World said on Tuesday. Oil World estimates Brazil will harvest 108.5 million tonnes of soyabeans in ear
Published 02 Apr, 2017 12:00am
EU wheat futures fall to new contract low

EU wheat futures fall to new contract low

Benchmark European wheat futures fell to a new contract low on Thursday, weakened by chart-based selling, lower Chicago prices and expectations that US data on Friday will add to a picture of ample grain supply. May milling wheat, the most active contract
Published 02 Apr, 2017 12:00am
CBOT soyabeans fall to five-month low

CBOT soyabeans fall to five-month low

Chicago Board of Trade soyabean futures declined to a fresh five-month low on Thursday, weighed down by a record-large Brazil soya harvest and positioning ahead of US government crop data due on Friday, traders said. Front-month CBOT May soyabean futures
Published 02 Apr, 2017 12:00am
CBOT corn futures lower

CBOT corn futures lower

Chicago Board of Trade corn futures were narrowly lower on Thursday, easing following two straight sessions of gains as investors squared up positions ahead of a government crop report due on Friday, traders said. Corn posted smaller declines than soybean
Published 02 Apr, 2017 12:00am
Freight rates for large capesize dry cargo rise to multi-month highs

Freight rates for large capesize dry cargo rise to multi-month highs

Freight rates for large capesize dry cargo vessels on key Asian routes, which hit multi-month highs on Tuesday, could climb further on increased chartered activity by miners and operators, brokers said. "Only Rio Tinto has been active this week - it picke
Published 02 Apr, 2017 12:00am
CBOT wheat ends down

CBOT wheat ends down

Chicago Board of Trade May wheat futures closed lower Thursday on technical selling ahead of the US Department of Agriculture's Friday reports, analysts said. CBOT May wheat settled down 4-1/2 cents at $4.21 per bushel. K.C. May hard red winter wheat ende
Published 02 Apr, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (April 01, 2017).

Published 02 Apr, 2017 12:00am
THE RUPEE: rising trend
Currency

THE RUPEE: rising trend

The rupee posted modest gains versus the dollar on the money market on Saturday in the process of trading, dealers said. The rupee picked up 10 paisas against the dollar for buying and selling at Rs 106.10 and Rs 106.30 respectively, they said. It also ga
Published 02 Apr, 2017 12:00am
THE RUPEE: rising trend
Currency

THE RUPEE: rising trend

The rupee posted modest gains versus the dollar on the money market on Saturday in the process of trading, dealers said. The rupee picked up 10 paisas against the dollar for buying and selling at Rs 106.10 and Rs 106.30 respectively, they said. It also ga
Published 02 Apr, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 01, 2017).

Published 02 Apr, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 01, 2017).

Published 02 Apr, 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 (April 01, 2017).

Published 02 Apr, 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 (April 01, 2017).

Published 02 Apr, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 01, 2017)

Published 02 Apr, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 01, 2017).

Published 02 Apr, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 01, 2017).

Published 02 Apr, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 01, 2017).

Published 02 Apr, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (April 01, 2017) and the forecast for Sunday (April 02, 2017).

Published 02 Apr, 2017 12:00am
Colombia mudslides kill at least 150

Colombia mudslides kill at least 150

Mudslides have killed 150 people, injured 180 and left up to 200 missing after destroying homes in southern Colombia, the Red Cross and officials said Saturday. The surge swept away houses, bridges, vehicles and trees, leaving piles of wrecked timber and
Published 02 Apr, 2017 12:00am
Colombia mudslides kill at least 150

Colombia mudslides kill at least 150

Mudslides have killed 150 people, injured 180 and left up to 200 missing after destroying homes in southern Colombia, the Red Cross and officials said Saturday. The surge swept away houses, bridges, vehicles and trees, leaving piles of wrecked timber and
Published 02 Apr, 2017 12:00am
Lewis-inspired West Indies crush Pakistan in third T20

Lewis-inspired West Indies crush Pakistan in third T20

Evin Lewis thrashed his way to 91 off 51 balls as the West Indies swept aside Pakistan by seven wickets in the third T20 International at the Queen's Park Oval in Trinidad on Saturday. Responding to the visitors' total of 137 for eight, Lewis hoisted nin
Published 02 Apr, 2017 12:00am
Lewis-inspired West Indies crush Pakistan in third T20

Lewis-inspired West Indies crush Pakistan in third T20

Evin Lewis thrashed his way to 91 off 51 balls as the West Indies swept aside Pakistan by seven wickets in the third T20 International at the Queen''s Park Oval in Trinidad on Saturday. Responding to the visitors'' total of 137 for eight, Lewis hoisted n
Published 02 Apr, 2017 12:00am
Sindh IGP Khawaja removed

Sindh IGP Khawaja removed

The Sindh government on Saturday removed Inspector General of Police (IGP) Sindh AD Khuwaja from his post and appointed Sardar Abdul Majeed as acting IGP of the province. According to sources, federal government is likely to turn down Sindh government's d
Published 02 Apr, 2017 12:00am
Sindh IGP Khawaja removed

Sindh IGP Khawaja removed

The Sindh government on Saturday removed Inspector General of Police (IGP) Sindh AD Khuwaja from his post and appointed Sardar Abdul Majeed as acting IGP of the province. According to sources, federal government is likely to turn down Sindh government''s
Published 02 Apr, 2017 12:00am
Khawaja refuses to quit

Khawaja refuses to quit

AD Khawaja has reportedly refused to quit as Inspector General of Police after the Sindh government issued notification ordering him to surrender his services on Friday. A private news channel quoted sources as saying that IG Sindh Police AD Khawaja refus
Published 02 Apr, 2017 12:00am
Khawaja refuses to quit

Khawaja refuses to quit

AD Khawaja has reportedly refused to quit as Inspector General of Police after the Sindh government issued notification ordering him to surrender his services on Friday. A private news channel quoted sources as saying that IG Sindh Police AD Khawaja refus
Published 02 Apr, 2017 12:00am
LEAs arrest two KU teachers

LEAs arrest two KU teachers

Moments before a press conference for the release of Dr Hassan Zafar Arif by Teachers' Society, two of its members were arrested by the law enforcement agencies (LEAs) on Saturday outside Karachi Press Club (KPC). Dr Riaz, head of teachers' society, and a
Published 02 Apr, 2017 12:00am
LEAs arrest two KU teachers

LEAs arrest two KU teachers

Moments before a press conference for the release of Dr Hassan Zafar Arif by Teachers'' Society, two of its members were arrested by the law enforcement agencies (LEAs) on Saturday outside Karachi Press Club (KPC). Dr Riaz, head of teachers'' society, and
Published 02 Apr, 2017 12:00am
Modi's visit: shutdown to be observed in IoK today

Modi's visit: shutdown to be observed in IoK today

Complete shutdown will be observed in occupied Kashmir on Sunday (today) against Indian Prime Minister Narendra Modi's proposed visit to the territory. Call for the shutdown has been given by the joint resistance leadership comprising Syed Ali Gilani, Mir
Published 02 Apr, 2017 12:00am
Modi''s visit: shutdown to be observed in IoK today

Modi''s visit: shutdown to be observed in IoK today

Complete shutdown will be observed in occupied Kashmir on Sunday (today) against Indian Prime Minister Narendra Modi''s proposed visit to the territory. Call for the shutdown has been given by the joint resistance leadership comprising Syed Ali Gilani, Mi
Published 02 Apr, 2017 12:00am
Prime Minister diagnosed with kidney stones

Prime Minister diagnosed with kidney stones

Prime Minister Nawaz Sharif was on Saturday diagnosed with stones in kidney. The Prime Minister underwent a (CT) scan. Doctors confirmed the presence of stones in his left kidney. The prime minister was allowed to go home. Most kidney stones pass through
Published 02 Apr, 2017 12:00am
Prime Minister diagnosed with kidney stones

Prime Minister diagnosed with kidney stones

Prime Minister Nawaz Sharif was on Saturday diagnosed with stones in kidney. The Prime Minister underwent a (CT) scan. Doctors confirmed the presence of stones in his left kidney. The prime minister was allowed to go home. Most kidney stones pass through
Published 02 Apr, 2017 12:00am
Army chief 'stands by democracy', says Imran

Army chief 'stands by democracy', says Imran

A day after an hour-long meeting with Chief of Army Staff General Qamar Javed Bajwa, Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Saturday declined to divulge details of his meeting but he did say that the General "stands by democracy." Speaking at
Published 02 Apr, 2017 12:00am
Army chief ''stands by democracy'', says Imran

Army chief ''stands by democracy'', says Imran

A day after an hour-long meeting with Chief of Army Staff General Qamar Javed Bajwa, Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Saturday declined to divulge details of his meeting but he did say that the General "stands by democracy." Speaking at
Published 02 Apr, 2017 12:00am
Filings show Ivanka Trump, husband Jared benefiting from business empire

Filings show Ivanka Trump, husband Jared benefiting from business empire

Donald Trump's daughter Ivanka and her husband Jared Kushner have held onto investments potentially worth $740 million while working government jobs, one of the revelations from newly released ethics filings raising questions about possible conflicts of i
Published 02 Apr, 2017 12:00am
Filings show Ivanka Trump, husband Jared benefiting from business empire

Filings show Ivanka Trump, husband Jared benefiting from business empire

Donald Trump''s daughter Ivanka and her husband Jared Kushner have held onto investments potentially worth $740 million while working government jobs, one of the revelations from newly released ethics filings raising questions about possible conflicts of
Published 02 Apr, 2017 12:00am
Filings show Ivanka Trump, husband Jared benefiting from business empire

Filings show Ivanka Trump, husband Jared benefiting from business empire

Donald Trump''''s daughter Ivanka and her husband Jared Kushner have held onto investments potentially worth $740 million while working government jobs, one of the revelations from newly released ethics filings raising questions about possible conflicts o
Published 02 Apr, 2017 12:00am
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