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Archive - 2018-01-07
Bushfires destroy buildings in Australia

Bushfires destroy buildings in Australia

Bushfires in Australia destroyed buildings and threatened lives on Saturday as a heatwave in three states brought temperatures strong enough to melt the bitumen on a highway. A fire raging out of control set several structures ablaze on the outskirts of M
Published 07 Jan, 2018 12:00am
Former Zimbabwe ministers loyal to Mugabe charged with corruption

Former Zimbabwe ministers loyal to Mugabe charged with corruption

Two former Zimbabwean cabinet ministers who served under ex-president Robert Mugabe have been charged with corruption, their lawyers said on Saturday, the latest sign of a crackdown on officials loyal to Mugabe. Mugabe, 93, stood down in November after 37
Published 07 Jan, 2018 12:00am
Williamson ton sinks Pakistan in Wellington downpour

Williamson ton sinks Pakistan in Wellington downpour

Kane Williamson may have been New Zealand's hero in their dominant win over Pakistan in the opening one-day international in Wellington on Saturday, but he said it was not a game for heroics. "You're always thinking about the role you need to play and the
Published 07 Jan, 2018 12:00am
Aguero fires City's FA Cup bid

Aguero fires City's FA Cup bid

Sergio Aguero fired Manchester City to a 4-1 win over Burnley in the FA Cup third round, while Stoke boss Mark Hughes is fighting to save his job after the Premier League strugglers suffered an embarrassing 2-1 defeat at minnows Coventry on Saturday. City
Published 07 Jan, 2018 12:00am
South Africa on top despite Pandya heroics

South Africa on top despite Pandya heroics

Hardik Pandya went on a thrilling counter-attack but could not prevent South Africa from finishing on top on the second day of the first Test at Newlands on Saturday. Pandya scored a swashbuckling 93, then took two wickets, but South Africa built on a fir
Published 07 Jan, 2018 12:00am
Halep fires Australian Open warning with Shenzhen title

Halep fires Australian Open warning with Shenzhen title

World number one Simona Halep fired a warning to her Australian Open rivals on Saturday, beating Katerina Siniakova in three sets to win the Shenzhen Open. The Romanian saw off the reigning champion from the Czech Republic 6-1, 2-6, 6-0 in 72 rollercoaste
Published 07 Jan, 2018 12:00am
Fourth-time lucky Monfils storms to Qatar title

Fourth-time lucky Monfils storms to Qatar title

France's Gael Monfils won the Qatar Open final in straight sets on Saturday, brushing aside Russia's Andrey Rublev in a one-sided final, 6-2, 6-3. It was the Frenchman's first Qatar title despite having played in three previous finals, stretching back mor
Published 07 Jan, 2018 12:00am
Lieutenant General Shah Rafi Alam Memorial Polo Cup final today

Lieutenant General Shah Rafi Alam Memorial Polo Cup final today

Jubilee Insurance/Master Paints will take on Barry's in the main final of the Lieutenant General Shah Rafi Alam Memorial Polo Cup 2018 here at the Lahore Polo Club (LPC) ground on Sunday (today). As many as top nine teams took part in this eight-goal tour
Published 07 Jan, 2018 12:00am
PU win HEC Women Hockey title

PU win HEC Women Hockey title

Punjab University's women hockey team has won the '36th All Pakistan Inter-University Higher Education Commission Women's Hockey Championship 2017-18' by 1-0. Punjab University's hockey team defeated the Lahore College for Women University hockey team in
Published 07 Jan, 2018 12:00am
Khawaja leads the way as Australia pull away from England

Khawaja leads the way as Australia pull away from England

Usman Khawaja plundered a big century as Australia roasted England's bowlers on Saturday to open up a 133-run lead with two days to play in the final Ashes Test in Sydney. Khawaja topscored with 171 while Shaun Marsh finished unbeaten on 98 after Steve Sm
Published 07 Jan, 2018 12:00am
Federer remains unbeaten at Hopman Cup

Federer remains unbeaten at Hopman Cup

Roger Federer's perfect start to the new year continued when he dismantled the game of world number four Alexander Zverev in the final of the mixed teams Hopman Cup in Perth on Saturday. Unbeaten in his three singles matches in the tournament prior to the
Published 07 Jan, 2018 12:00am
Svitolina takes Brisbane title

Svitolina takes Brisbane title

Ukraine's Elina Svitolina laid down her marker as a serious contender for the Australian Open when she demolished Belarusian qualifier Aliaksandra Sasnovich 6-2, 6-1 in the Brisbane International final on Saturday. Svitolina won five titles on the WTA tou
Published 07 Jan, 2018 12:00am
Wells Fargo wants to finance metal trade in test of new rule
Currency

Wells Fargo wants to finance metal trade in test of new rule

Wells Fargo & Co has asked its main regulator if it may buy platinum and lease it to a client in a test of a new rule meant to limit banks' exposure to volatile commodity markets, people familiar with the matter told Reuters. The Office of the Comptroller
Published 07 Jan, 2018 12:00am
Brazil's 2017/2018 soyabean crop seen second-biggest in history

Brazil's 2017/2018 soyabean crop seen second-biggest in history

Benefited by good weather, Brazil's 2017/18 soyabean crop, which farmers are now beginning to harvest, is expected to surpass 110 million tonnes, the second-largest in history, according to the average of 11 forecasts in a Reuters poll on Friday.
Published 07 Jan, 2018 12:00am
Mato Grosso kicks off soya harvest, farmers make a good start

Mato Grosso kicks off soya harvest, farmers make a good start

Early harvesting in Brazil's Mato Grosso state indicates soya producers had a good start to the year, growers association Aprosoja told Reuters on Friday. Work began in the regions of Sinop, Sapezal and Primavera do Leste, said Aprosoja head Antonio Galva
Published 07 Jan, 2018 12:00am
Ivory Coast cocoa farmers concerned by wave of hot, dry weather

Ivory Coast cocoa farmers concerned by wave of hot, dry weather

Hot, dry weather last week in most of top grower Ivory Coast's cocoa regions has raised fears about bean quality and production for the remainder of the main crop, farmers said on Tuesday. Ivory Coast's cocoa season started on October 1. The country is cu
Published 07 Jan, 2018 12:00am
ICE cotton falls on profit-taking
Cotton

ICE cotton falls on profit-taking

ICE cotton futures slid 1.5 percent on Friday in their biggest one-day percentage loss since late October, as traders booked profits after prices rose above the key 80-cent level for the first time since June 2014. Cotton futures also fell 0.8 percent for
Published 07 Jan, 2018 12:00am
Speculators cut US crude oil net longs

Speculators cut US crude oil net longs

Hedge funds and other money managers cut their net long US crude futures and options positions in the week to January 2, the US Commodity Futures Trading Commission (CFTC) said on Friday. The speculator group cut its combined futures and options position
Published 07 Jan, 2018 12:00am
Opec oil cut adherence rises in December as Venezuela output slides

Opec oil cut adherence rises in December as Venezuela output slides

Opec deepened compliance with an oil supply-cutting deal in December due to a further decline in Venezuelan output and extra cuts by Gulf exporters, a Reuters survey found, showing strong commitment to the deal despite higher prices. Adherence to the curb
Published 07 Jan, 2018 12:00am
China's LNG prices drop as industrial users curbed, supply crunch eases

China's LNG prices drop as industrial users curbed, supply crunch eases

Liquefied natural gas (LNG) prices in northern China have dropped more than 40 percent from record highs reached less than two weeks ago as a supply crunch has eased and curbs have been enacted on industrial users of the fuel. Ex-plant LNG prices were quo
Published 07 Jan, 2018 12:00am
Analyst ideas of US corn, soya yields may go against the grain

Analyst ideas of US corn, soya yields may go against the grain

Revitalization could be on the way for sluggish Chicago grain futures when the government finalizes the US corn and soyabean harvest volumes next week, particularly if there are any unanticipated yield moves. Ideas that the already-record corn yield could
Published 07 Jan, 2018 12:00am
Rains to help planting in Argentina grains belt
Exchange

Rains to help planting in Argentina grains belt

Rains in Argentina's central Pampas grains belt will improve soil moisture and allow producers to advance with plantings of soybeans and corn, which had been delayed due to dry weather, agricultural analysts told Reuters on Tuesday. While most of the coun
Published 07 Jan, 2018 12:00am
Asian currencies to pare 2017 gains but growth to cushion them
Exchange

Asian currencies to pare 2017 gains but growth to cushion them

Asian currencies are set to pare gains this year that they made in 2017 as the Federal Reserve raises interest rates further and Asian central banks proceed cautiously, cushioned by solid growth expectations, a Reuters poll showed. After four years of dep
Published 07 Jan, 2018 12:00am
South Korea to look at boosting outflows if won rally continues
Exchange

South Korea to look at boosting outflows if won rally continues

South Korea will look at ways to direct capital flows offshore if the won continues to soar, people familiar with the matter said, a move that could take heat out of the currency without upsetting Washington over the thorny topic of foreign exchange manag
Published 07 Jan, 2018 12:00am
Speculators raise net short dollar bets, trim bitcoin shorts
Currency

Speculators raise net short dollar bets, trim bitcoin shorts

Speculators raised net short US dollar bets this week, pushing them to their highest level since mid-December, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar positio
Published 07 Jan, 2018 12:00am
Angola's depleting FX reserves led to exchange rate change
Exchange

Angola's depleting FX reserves led to exchange rate change

It was Angola's depleting foreign reserves that prompted the central bank to pursue a more flexible exchange rate strategy, the regulator said on Thursday. The comment came a day after plans were unveiled to restructure foreign debt and allow looser tradi
Published 07 Jan, 2018 12:00am
Dollar advances on rate hopes, undeterred by US jobs report
Currency

Dollar advances on rate hopes, undeterred by US jobs report

The dollar gained on Friday after a brief dip as investors reckoned a weaker-than-expected US December non-farm payrolls report would not deter the Federal Reserve from raising interest rates multiple times this year. US nonfarm payrolls increased by 148,
Published 07 Jan, 2018 12:00am
US dollar troubles not over yet, but 2018 to be a better year
Exchange

US dollar troubles not over yet, but 2018 to be a better year

A rough patch for the US dollar, which just recorded its worst annual performance in 14 years, is forecast to ease in 2018 but is not over yet, according to a majority of foreign exchange analysts in a Reuters poll. The greenback started last year on a st
Published 07 Jan, 2018 12:00am
Canadian dollar posts three-month high
Currency

Canadian dollar posts three-month high

The Canadian dollar strengthened to a three-month high against its US counterpart on Friday after stronger-than-expected domestic jobs data boosted expectations for a Bank of Canada interest rate hike this month. The Canadian economy added almost 80,000 j
Published 07 Jan, 2018 12:00am
China tightens rules on commercial lender shareholders, entrusted loans

China tightens rules on commercial lender shareholders, entrusted loans

China's banking regulator has introduced new measures to increase scrutiny on investments in commercial lenders and tighten regulation on the entrusted loans market, a rapidly growing segment of the country's shadow banking. The China Banking Regulatory C
Published 07 Jan, 2018 12:00am
UK's Carillion speeding up rescue talks with banks

UK's Carillion speeding up rescue talks with banks

British building and services company Carillion is due to hold emergency meetings with its bankers in the coming days as it speeds up its search for a financial rescue plan, Sky News reported on Saturday. Carillion, which is involved in infrastructure pro
Published 07 Jan, 2018 12:00am
Mongolia repays $500 million in sovereign bond debts
Currency

Mongolia repays $500 million in sovereign bond debts

Mongolia has repaid $500 million in debt to investors in its "Chinggis Bond" issued in 2012, fulfilling its sovereign debt obligations for the next four years, the government said on Friday. The repayment marks another step in Mongolia's recovery from an
Published 07 Jan, 2018 12:00am
Mongolia repays $500 million in sovereign bond debts
Currency

Mongolia repays $500 million in sovereign bond debts

Mongolia has repaid $500 million in debt to investors in its "Chinggis Bond" issued in 2012, fulfilling its sovereign debt obligations for the next four years, the government said on Friday. The repayment marks another step in Mongolia's recovery from an
Published 07 Jan, 2018 12:00am
France's Vinci lands 25-year Belgrade airport concession

France's Vinci lands 25-year Belgrade airport concession

French construction group Vinci Airports has been awarded a 1.5 billion euros ($1.8 billion) 25-year concession to run Belgrade airport, Serbian Prime Minister Ana Brnabic said Saturday. "The best offer was that of the French company Vinci ... based on fi
Published 07 Jan, 2018 12:00am
Mexico tortilla producers say they will not hike prices, for now

Mexico tortilla producers say they will not hike prices, for now

Mexico tortilla producers said on Friday they agreed not to raise prices after economy ministry officials promised to help contain rising costs. Homero Lopez, president of the National Tortilla Council, told Reuters that economy officials promised to come
Published 07 Jan, 2018 12:00am
Businesses cautious in installing patches to fix chip flaw

Businesses cautious in installing patches to fix chip flaw

Chances that a fix to a major microchip security flaw may slow down or crash some computer systems are leading some businesses to hold off installing software patches, fearing the cure may be worse than the original problem. Researchers this week revealed
Published 07 Jan, 2018 12:00am
Monsanto profit misses estimates

Monsanto profit misses estimates

Monsanto Co reported weaker-than-expected quarterly earnings on Thursday and said low crop prices hurting farmers' incomes would limit the company's ability to profit from sales of its genetically engineered seeds and agricultural chemicals. The outlook m
Published 07 Jan, 2018 12:00am
Monsanto profit misses estimates

Monsanto profit misses estimates

Monsanto Co reported weaker-than-expected quarterly earnings on Thursday and said low crop prices hurting farmers' incomes would limit the company's ability to profit from sales of its genetically engineered seeds and agricultural chemicals. The outlook m
Published 07 Jan, 2018 12:00am
Rail shipments of Canadian oil to US seen rising over 60 percent

Rail shipments of Canadian oil to US seen rising over 60 percent

Canadian crude shipments to the United States by rail could rise more than 60 percent this year on demand by Gulf Coast refiners for the heavy crudes and the wide differential between Canadian grades and the US benchmark. The rail shipments could reach as
Published 07 Jan, 2018 12:00am
US-South Korea trade talks pit pickup trucks against nuclear threat

US-South Korea trade talks pit pickup trucks against nuclear threat

The United States and South Korea on Friday completed the first round of review talks on a bilateral trade deal with Washington saying there was "much work to do" to reach a new pact. Since taking office in 2017, President Donald Trump has pulled the Unit
Published 07 Jan, 2018 12:00am
Companies in New York 'open' to new payroll tax system

Companies in New York 'open' to new payroll tax system

Companies in New York state are "open to the idea" of moving the state income tax code to a payroll tax system, a senior state official told Reuters on Friday. Governor Andrew Cuomo earlier this week said the state was exploring using a payroll tax as an
Published 07 Jan, 2018 12:00am
Volkswagen US sales chief quits amid falling deliveries

Volkswagen US sales chief quits amid falling deliveries

A senior US sales manager has quit Volkswagen's North America operations just as the carmaker's deliveries in the world's second-largest auto market fall steeply. Ron Stach, senior vice president of sales at Volkswagen of America, has left the automaker,
Published 07 Jan, 2018 12:00am
Mexico hit by looting incited on social media

Mexico hit by looting incited on social media

Stores and supermarkets in the Mexico City suburbs have been hit by a wave of looting organized on social media, authorities said Friday, after arresting more than 80 people. The looting broke out Wednesday night and raged again on Thursday, as dozens of
Published 07 Jan, 2018 12:00am
US states end year with slim revenue growth, expect stronger 2018

US states end year with slim revenue growth, expect stronger 2018

US states saw tepid general fund revenue growth in fiscal 2017, with an average increase of 1.9 percent, while this year is expected to bring a stronger rise, according to a report released on Friday by the National Conference of State Legislatures (NCSL)
Published 07 Jan, 2018 12:00am
Protest in Sudan against rising bread prices

Protest in Sudan against rising bread prices

Police fired tear gas on Saturday at groups of students protesting in a central Sudanese town against soaring bread prices, witnesses said, as opposition parties called for anti-government demonstrations. Bread prices almost doubled on Friday across Sudan
Published 07 Jan, 2018 12:00am
US company plans funds that double bitcoin price moves
Exchange

US company plans funds that double bitcoin price moves

US fund managers are ramping up efforts to tap into the fever surrounding digital assets, and the latest planned bitcoin products could deliver some head-turning and stomach-churning price movements if they come to market. The new idea is to build "levera
Published 07 Jan, 2018 12:00am
US company plans funds that double bitcoin price moves
Exchange

US company plans funds that double bitcoin price moves

US fund managers are ramping up efforts to tap into the fever surrounding digital assets, and the latest planned bitcoin products could deliver some head-turning and stomach-churning price movements if they come to market. The new idea is to build "levera
Published 07 Jan, 2018 12:00am
Japanese companies begin to buckle as Abe pressures them to raise wages

Japanese companies begin to buckle as Abe pressures them to raise wages

Japan Inc is running out of excuses in the face of Prime Minister Shinzo Abe's calls for wages rises of 3 percent or more. The nation is having its best run of economic growth in a decade, stocks prices are the highest in 26 years, and corporate profits a
Published 07 Jan, 2018 12:00am
S&P 500, Nasdaq post best week in more than a year
Exchange

S&P 500, Nasdaq post best week in more than a year

The S&P 500 and Nasdaq notched their best weekly gains in more than a year on Friday as technology stocks helped lift major indexes to records. With the New Year's Day holiday falling on a Monday this year, it was the strongest first four trading days to
Published 07 Jan, 2018 12:00am
Rising tide in US markets helps bonds, global stocks
Exchange

Rising tide in US markets helps bonds, global stocks

Investors sitting on US stock returns need a place to put the money, and the big winners are international markets and high-rated debt issuers from corporations to governments. US fund investors pulled $8.4 billion from stocks and funneled $3.3 billion in
Published 07 Jan, 2018 12:00am
Rising tide in US markets helps bonds, global stocks
Exchange

Rising tide in US markets helps bonds, global stocks

Investors sitting on US stock returns need a place to put the money, and the big winners are international markets and high-rated debt issuers from corporations to governments. US fund investors pulled $8.4 billion from stocks and funneled $3.3 billion in
Published 07 Jan, 2018 12:00am
Romania to sell 4.5-5 billion euros in Eurobonds

Romania to sell 4.5-5 billion euros in Eurobonds

Romania plans to sell 4.5-5.0 billion euros of eurobonds on the international markets and an indicative 48-50 billion lei of domestic debt next year, the finance ministry said on Saturday. The external borrowings level would depend "on the developments, c
Published 07 Jan, 2018 12:00am
Romania to sell 4.5-5 billion euros in Eurobonds

Romania to sell 4.5-5 billion euros in Eurobonds

Romania plans to sell 4.5-5.0 billion euros of eurobonds on the international markets and an indicative 48-50 billion lei of domestic debt next year, the finance ministry said on Saturday. The external borrowings level would depend "on the developments, c
Published 07 Jan, 2018 12:00am
Emerging stocks roar into 2018 with best weekly gains since July

Emerging stocks roar into 2018 with best weekly gains since July

Emerging stocks and currencies had a strong start to the year fuelled by solid growth numbers, perky commodity markets and a tepid dollar with equities on track for the best weekly performance since July. MSCI's emerging market index rose 0.4 percent to t
Published 07 Jan, 2018 12:00am
Ukraine aims to issue $2 billion in bonds
Currency

Ukraine aims to issue $2 billion in bonds

Ukraine hopes to receive the next payment of its $17.5 billion IMF programme early next year and will aim to issue $2 billion on debt markets in 2018, its finance minister said on Friday. Oleksandr Danylyuk said that progress on the International Monetary
Published 07 Jan, 2018 12:00am
Ukraine aims to issue $2 billion in bonds
Currency

Ukraine aims to issue $2 billion in bonds

Ukraine hopes to receive the next payment of its $17.5 billion IMF programme early next year and will aim to issue $2 billion on debt markets in 2018, its finance minister said on Friday. Oleksandr Danylyuk said that progress on the International Monetary
Published 07 Jan, 2018 12:00am
Treasuries outlook: US yields rise as investors brush off payroll miss

Treasuries outlook: US yields rise as investors brush off payroll miss

US Treasury yields rose on Friday with the two-year yield hovering near a more than nine-year peak as investors stuck to the view of a possible rate increase in March, brushing off a disappointing figure on domestic hiring for December. The notion of a he
Published 07 Jan, 2018 12:00am
Treasuries outlook: US yields rise as investors brush off payroll miss

Treasuries outlook: US yields rise as investors brush off payroll miss

US Treasury yields rose on Friday with the two-year yield hovering near a more than nine-year peak as investors stuck to the view of a possible rate increase in March, brushing off a disappointing figure on domestic hiring for December. The notion of a he
Published 07 Jan, 2018 12:00am
TSX falls with resources stocks at end of strong week
Exchange

TSX falls with resources stocks at end of strong week

Canada's main stock index fell on Friday, weighed by losses among natural resource stocks as commodity prices pulled back, muting a strong weekly gain for the index. The Toronto Stock Exchange's S&P/TSX composite index ended down 63.5 points, or 0.39 perc
Published 07 Jan, 2018 12:00am
Canadian IPO activity seen accelerating

Canadian IPO activity seen accelerating

Initial public offerings by Canadian companies are expected to increase in 2018, driven by activity in industrials, alternative energy and base metals sectors, banking advisers said. Companies raised C$4.6 billion ($3.7 billion) through IPOs in Canada in
Published 07 Jan, 2018 12:00am
Canadian IPO activity seen accelerating

Canadian IPO activity seen accelerating

Initial public offerings by Canadian companies are expected to increase in 2018, driven by activity in industrials, alternative energy and base metals sectors, banking advisers said. Companies raised C$4.6 billion ($3.7 billion) through IPOs in Canada in
Published 07 Jan, 2018 12:00am
Nigeria stocks expected to rise on hopes of lower rates
Currency

Nigeria stocks expected to rise on hopes of lower rates

Nigerian stocks are expected to keep rising in 2018, fuelled by hopes that lower interest rates and a stable currency will help corporate profits, but traders say gains might be short-lived. The all-share index crossed 38,000 points on Friday, with stocks
Published 07 Jan, 2018 12:00am
China tightens bond trading rules in deleveraging campaign

China tightens bond trading rules in deleveraging campaign

China released new rules tightening bond trading regulations on Thursday, with a focus on restricting leverage and banning under-the-table deals. The regulations, jointly issued by the People's Bank of China and China's banking, securities and insurance r
Published 07 Jan, 2018 12:00am
China tightens bond trading rules in deleveraging campaign

China tightens bond trading rules in deleveraging campaign

China released new rules tightening bond trading regulations on Thursday, with a focus on restricting leverage and banning under-the-table deals. The regulations, jointly issued by the People's Bank of China and China's banking, securities and insurance r
Published 07 Jan, 2018 12:00am
First bond sale under MiFID II rules goes smoothly

First bond sale under MiFID II rules goes smoothly

In the first test case of a major sovereign syndication under sweeping new financial market rules, Ireland's debt agency said the process went relatively smoothly, soothing concerns that the new regulations could prove disruptive to bond transactions. Ire
Published 07 Jan, 2018 12:00am
First bond sale under MiFID II rules goes smoothly

First bond sale under MiFID II rules goes smoothly

In the first test case of a major sovereign syndication under sweeping new financial market rules, Ireland's debt agency said the process went relatively smoothly, soothing concerns that the new regulations could prove disruptive to bond transactions. Ire
Published 07 Jan, 2018 12:00am
Sri Lanka's Jetwing starts trading
Exchange

Sri Lanka's Jetwing starts trading

Jetwing Symphony, a Sri Lankan hotel chain firm, started trading on the Colombo Stock Exchange on Friday after listing a 10 percent stake, and said it was likely to incur an up to 250 million rupees ($1.6 million) loss this year. The company, the 297th to
Published 07 Jan, 2018 12:00am
Euronext wheat futures edge higher

Euronext wheat futures edge higher

Euronext wheat futures edged higher on Thursday as weather risks for US wheat and hopes for French export sales in an Algerian tender helped offset renewed strength in the euro. March milling wheat, the most active contract on Paris-based Euronext, settle
Published 07 Jan, 2018 12:00am
Dryness in Argentina reduces soya planting
Exchange

Dryness in Argentina reduces soya planting

Drought in Argentina's bread basket province of Buenos Aires has raised the risk that some of the 18.1 million hectares expected to be sown with soya this season will go unplanted, the Buenos Aires Grains Exchange and other analysts warned on Thursday. Wi
Published 07 Jan, 2018 12:00am
US natural gas, power prices soar as winter storm hits East Coast

US natural gas, power prices soar as winter storm hits East Coast

US spot natural gas and power prices on Thursday rose to their highest in years in several regions as a brutal freeze blanketed most of the country and a massive snowstorm battered the East Coast. A powerful blizzard slammed the US Northeast on Thursday,
Published 07 Jan, 2018 12:00am
European gasoline margins edge higher

European gasoline margins edge higher

Gasoline refining margins in northwest Europe edged higher on Thursday, boosted by exports, but a larger than expected rise in US inventories weighed. US gasoline stocks rose by 4.8 million barrels last week, compared with analysts' expectations in a Reut
Published 07 Jan, 2018 12:00am
China's steel rebar futures fall
Exchange

China's steel rebar futures fall

China's steel rebar futures fell on Thursday, breaking a three-day rising streak, on concerns of waning demand in the construction sector because of snow forecasts in the northern part of the country. Cold weather is expected to hit regions across China i
Published 07 Jan, 2018 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Spot basis bids for hard red winter (HRW) wheat in the US Plains were steady to firmer on Thursday on moderate end-user demand and slow farmer sales, grain dealers said. Chicago Board of Trade K.C. HRW wheat futures eased for the first time this week afte
Published 07 Jan, 2018 12:00am
Canadian canola futures climb

Canadian canola futures climb

ICE Canadian canola futures climbed on Thursday, lifted by a slower pace of farmer selling due to the crop falling steadily in the past several months to low prices. Short-covering also boosted canola, which rose despite gains in the Canadian dollar, a tr
Published 07 Jan, 2018 12:00am
Asian coal prices hit highest levels since 2016

Asian coal prices hit highest levels since 2016

Asian benchmark thermal coal prices have pushed to their highest levels since 2016, fuelled by demand in China and loading delays in Indonesia that have ramped up shipping congestion outside major coal ports. Spot cargo prices for Australian Newcastle coa
Published 07 Jan, 2018 12:00am
CBOT soyabean futures down

CBOT soyabean futures down

Chicago Board of Trade soyabean futures eased on Thursday on a mild round of profit taking after three straight days of gains. The market closed well above its session lows, however, as bargain buyers stepped in when prices neared weekly lows hit on Tuesd
Published 07 Jan, 2018 12:00am
Soyameal up on European feeds market

Soyameal up on European feeds market

Soyameal on the European meals and feeds market continued to rise on Thursday, tracking last night's stronger CBOT soyameal futures close on worries over a lack of rain in the Argentine soyabean belt. "Sellers fixed prices mostly on Wednesday's close. Bus
Published 07 Jan, 2018 12:00am
Cotton market: Trade activity slows down after GST waiver news
Cotton

Cotton market: Trade activity slows down after GST waiver news

Trade activity slowed down on the cotton market on Saturday following the withdrawal of sales tax and customs duty on import of cotton, dealers said. The official spot rate was unchanged at Rs 7800, they said. In ready session, over 5,000 bales of cotton
Published 07 Jan, 2018 12:00am
Indian rice prices up on robust demand from Bangladesh
Currency

Indian rice prices up on robust demand from Bangladesh

Rice prices rose this week in top exporter India on robust demand from neighbouring Bangladesh and gains in the rupee, while traders in Thailand pinned their hopes on possible deals with drought-hit Sri Lanka. India's 5 percent broken parboiled rice price
Published 07 Jan, 2018 12:00am
Argentina cuts soyabean export tax

Argentina cuts soyabean export tax

Argentina has cut its soyabean export tax to 29.5 percent from a previous 30 percent, the first step in a plan to gradually reduce the levy to 18 percent over two years, the agriculture ministry said in a statement on Tuesday. The plan will see the tax cu
Published 07 Jan, 2018 12:00am
US FOB Gulf soya bids up

US FOB Gulf soya bids up

Cash premiums for soyabeans delivered by barge to US Gulf Coast export terminals in the near term rose on Thursday as shipping problems on Midwest rivers tightened supplies available to exporters, traders said. Corn premiums were mostly steady to weaker,
Published 07 Jan, 2018 12:00am
Major Asian coffee markets seen little activity

Major Asian coffee markets seen little activity

Major Asian coffee markets saw little activity this week as trade resumed after the New Year holidays, while Indonesian exports declined for a fourth straight month in December. Shipment of coffee beans from Lampung province, Indonesia's main coffee growi
Published 07 Jan, 2018 12:00am
Palm oil eases on European vegoils market
Vegetable Oil

Palm oil eases on European vegoils market

Palm oil on the European vegetable oils market eased on Thursday, in line with a technical correction in Malaysian palm oil futures following Wednesday's rally on expectations for improved demand. Asking prices for palm oil were between unchanged and $12.
Published 07 Jan, 2018 12:00am
CBOT corn futures lower

CBOT corn futures lower

Chicago Board of Trade corn futures weakened for the second straight day on Thursday on technical pressure, traders said. Plentiful global supplies continued to hang over the market. Declines were kept in check as the benchmark CBOT March contract found s
Published 07 Jan, 2018 12:00am
Asian naphtha falls to 2-1/2-month low

Asian naphtha falls to 2-1/2-month low

Asia's naphtha crack extended losses into a third session on Thursday, hitting a 2-1/2-month low of $104.95 a tonne, in a thinly traded market amid higher supplies coming in from the West. Asia's gasoline crack, on the other hand, recovered by 2 percent t
Published 07 Jan, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (January 06, 2018).

Published 07 Jan, 2018 12:00am
THE RUPEE: dollar at Rs112
Currency

THE RUPEE: dollar at Rs112

The rupee breached the barrier of 112 marks against the dollar on the money market on Saturday in the process of trading, dealers said. Strong demand for dollars pushed the rupee down sharply and it looks that the local currency may lose further ground in
Published 07 Jan, 2018 12:00am
THE RUPEE: dollar at Rs112
Currency

THE RUPEE: dollar at Rs112

The rupee breached the barrier of 112 marks against the dollar on the money market on Saturday in the process of trading, dealers said. Strong demand for dollars pushed the rupee down sharply and it looks that the local currency may lose further ground in
Published 07 Jan, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 06, 2018).

Published 07 Jan, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 06, 2018).

Published 07 Jan, 2018 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 (January 06, 2018).

Published 07 Jan, 2018 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 06, 2018).

Published 07 Jan, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (January 06, 2018)

Published 07 Jan, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 06, 2018).

Published 07 Jan, 2018 12:00am
The Weather

The Weather

The weather report on Saturday (January 06, 2018) and the forecast for Sunday (January 07, 2018).

Published 07 Jan, 2018 12:00am
Asghar Khan laid to rest

Asghar Khan laid to rest

The mortal remains of veteran politician and soldier Air Marshal Asghar Khan (retd) were laid to rest with full military honours in the Nawanshehr graveyard on Saturday. Prime Minister Shahid Khaqan Abbasi, Chief of Army Staff General Qamar Javed Bajwa, A
Published 07 Jan, 2018 12:00am
Asghar Khan laid to rest

Asghar Khan laid to rest

The mortal remains of veteran politician and soldier Air Marshal Asghar Khan (retd) were laid to rest with full military honours in the Nawanshehr graveyard on Saturday. Prime Minister Shahid Khaqan Abbasi, Chief of Army Staff General Qamar Javed Bajwa, A
Published 07 Jan, 2018 12:00am
Divided UN Security Council meets on Iran unrest

Divided UN Security Council meets on Iran unrest

The United States and Russia clashed over Iran at the UN Security Council on Friday as a third straight day of pro-regime rallies were held following a wave of deadly protests. US Ambassador Nikki Haley pushed for the meeting of the top UN body, arguing t
Published 07 Jan, 2018 12:00am
Divided UN Security Council meets on Iran unrest

Divided UN Security Council meets on Iran unrest

The United States and Russia clashed over Iran at the UN Security Council on Friday as a third straight day of pro-regime rallies were held following a wave of deadly protests. US Ambassador Nikki Haley pushed for the meeting of the top UN body, arguing t
Published 07 Jan, 2018 12:00am
Four cops killed in IHK

Four cops killed in IHK

Four policemen were killed Saturday in a bomb blast set off by suspected militants in Indian held Kashmir, police and reports said, marking a deadly start to the new year in the restive valley. They were on patrol when the improvised explosive device (IED
Published 07 Jan, 2018 12:00am
Four cops killed in IHK

Four cops killed in IHK

Four policemen were killed Saturday in a bomb blast set off by suspected militants in Indian held Kashmir, police and reports said, marking a deadly start to the new year in the restive valley. They were on patrol when the improvised explosive device (IED
Published 07 Jan, 2018 12:00am
My ouster has caused economic slowdown: Nawaz

My ouster has caused economic slowdown: Nawaz

Ex-prime minister Nawaz Sharif on Saturday challenged that Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan would not get any place to hide himself after upcoming general elections in 2018. Addressing Pakistan Muslim League-Nawaz (PML-N) public gathering i
Published 07 Jan, 2018 12:00am
My ouster has caused economic slowdown: Nawaz

My ouster has caused economic slowdown: Nawaz

Ex-prime minister Nawaz Sharif on Saturday challenged that Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan would not get any place to hide himself after upcoming general elections in 2018. Addressing Pakistan Muslim League-Nawaz (PML-N) public gathering i
Published 07 Jan, 2018 12:00am
2018 elections: Abbasi challenges opponents

2018 elections: Abbasi challenges opponents

Prime Minister Shahid Khaqan Abbasi on Saturday challenged his political opponents to an electoral contest in the 2018 elections, and said the polls will make it clear as to which party emerges victorious. He said this while addressing the inauguration ce
Published 07 Jan, 2018 12:00am
2018 elections: Abbasi challenges opponents

2018 elections: Abbasi challenges opponents

Prime Minister Shahid Khaqan Abbasi on Saturday challenged his political opponents to an electoral contest in the 2018 elections, and said the polls will make it clear as to which party emerges victorious. He said this while addressing the inauguration ce
Published 07 Jan, 2018 12:00am
Imran criticises Nawaz for 'anti-institutions' approach

Imran criticises Nawaz for 'anti-institutions' approach

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Saturday once again criticised former Prime Minister Nawaz Sharif for mocking the nation's institutions just to safeguard his alleged corruption. The PTI chairman addressing a public gathering in Chakw
Published 07 Jan, 2018 12:00am
Imran criticises Nawaz for 'anti-institutions' approach

Imran criticises Nawaz for 'anti-institutions' approach

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Saturday once again criticised former Prime Minister Nawaz Sharif for mocking the nation's institutions just to safeguard his alleged corruption. The PTI chairman addressing a public gathering in Chakw
Published 07 Jan, 2018 12:00am
Indian newspaper forced by New Delhi to retract news about Jadhav

Indian newspaper forced by New Delhi to retract news about Jadhav

Indian authorities on Saturday forced newspaper The Quint to retract its news supporting Pakistan's stance regarding RAW agent Kulbhushan Jadhav. The Quint declared Pakistan's claim that Kulbhushan is an India spy as true. It further wrote that Jadhav was
Published 07 Jan, 2018 12:00am
Indian newspaper forced by New Delhi to retract news about Jadhav

Indian newspaper forced by New Delhi to retract news about Jadhav

Indian authorities on Saturday forced newspaper The Quint to retract its news supporting Pakistan's stance regarding RAW agent Kulbhushan Jadhav. The Quint declared Pakistan's claim that Kulbhushan is an India spy as true. It further wrote that Jadhav was
Published 07 Jan, 2018 12:00am
'Truth is stronger than fiction': FO reacts to India's removal of news

'Truth is stronger than fiction': FO reacts to India's removal of news

Foreign Office Spokesperson Dr Muhammad Faisal says the Indian Government has got removed news story telling truth about convicted spy Kulbhushan Jadhav from a newspaper. In a tweet, he said the journalist reporting the story has also gone missing and is
Published 07 Jan, 2018 12:00am
'Truth is stronger than fiction': FO reacts to India's removal of news

'Truth is stronger than fiction': FO reacts to India's removal of news

Foreign Office Spokesperson Dr Muhammad Faisal says the Indian Government has got removed news story telling truth about convicted spy Kulbhushan Jadhav from a newspaper. In a tweet, he said the journalist reporting the story has also gone missing and is
Published 07 Jan, 2018 12:00am
Saudi king orders new allowances to offset rising cost of living

Saudi king orders new allowances to offset rising cost of living

Saudi Arabia's King Salman on Saturday ordered a monthly payment of 1,000 riyals ($267) to state employees over the next year in compensation for rising cost of living after the government hiked domestic gas prices and introduced value-added tax (VAT).
Published 07 Jan, 2018 12:00am
Saudi king orders new allowances to offset rising cost of living

Saudi king orders new allowances to offset rising cost of living

Saudi Arabia's King Salman on Saturday ordered a monthly payment of 1,000 riyals ($267) to state employees over the next year in compensation for rising cost of living after the government hiked domestic gas prices and introduced value-added tax (VAT).
Published 07 Jan, 2018 12:00am
Saudi king orders new allowances to offset rising cost of living

Saudi king orders new allowances to offset rising cost of living

Saudi Arabia''s King Salman on Saturday ordered a monthly payment of 1,000 riyals ($267) to state employees over the next year in compensation for rising cost of living after the government hiked domestic gas prices and introduced value-added tax (VAT).
Published 07 Jan, 2018 12:00am
Eleven Saudi princes detained following protest

Eleven Saudi princes detained following protest

Saudi authorities have detained 11 princes after they gathered at a royal palace in Riyadh in a rare protest against austerity measures that included suspending payment of their utility bills, Saudi media reported on Saturday. Saudi officials did not resp
Published 07 Jan, 2018 12:00am
Eleven Saudi princes detained following protest

Eleven Saudi princes detained following protest

Saudi authorities have detained 11 princes after they gathered at a royal palace in Riyadh in a rare protest against austerity measures that included suspending payment of their utility bills, Saudi media reported on Saturday. Saudi officials did not resp
Published 07 Jan, 2018 12:00am
Eleven Saudi princes detained following protest

Eleven Saudi princes detained following protest

Saudi authorities have detained 11 princes after they gathered at a royal palace in Riyadh in a rare protest against austerity measures that included suspending payment of their utility bills, Saudi media reported on Saturday. Saudi officials did not resp
Published 07 Jan, 2018 12:00am
SECP places new conditions on public offerings
Mutual Funds

SECP places new conditions on public offerings

The Securities and Exchange Commission of Pakistan (SECP) has placed new general conditions for public offer of securities and revised the procedure for public offer of shares through book building. Through SRO 7(I)/2018 issued here, the SECP has amended
Published 07 Jan, 2018 12:00am
SECP places new conditions on public offerings
Mutual Funds

SECP places new conditions on public offerings

The Securities and Exchange Commission of Pakistan (SECP) has placed new general conditions for public offer of securities and revised the procedure for public offer of shares through book building. Through SRO 7(I)/2018 issued here, the SECP has amended
Published 07 Jan, 2018 12:00am
SECP places new conditions on public offerings
Mutual Funds

SECP places new conditions on public offerings

The Securities and Exchange Commission of Pakistan (SECP) has placed new general conditions for public offer of securities and revised the procedure for public offer of shares through book building. Through SRO 7(I)/2018 issued here, the SECP has amended
Published 07 Jan, 2018 12:00am
Actions could cause: consequences over long term only

Actions could cause: consequences over long term only

Pakistan received total foreign security assistance of $303 million for equipment and $223 million non-military assistance from the US in 2017, an amount that is unlikely to have any immediate impact though there may be serious ramifications in the long t
Published 07 Jan, 2018 12:00am
Actions could cause: consequences over long term only

Actions could cause: consequences over long term only

Pakistan received total foreign security assistance of $303 million for equipment and $223 million non-military assistance from the US in 2017, an amount that is unlikely to have any immediate impact though there may be serious ramifications in the long t
Published 07 Jan, 2018 12:00am
All options on the table: White House

All options on the table: White House

The US is keeping "all options" on the table to deal with Pakistan if it does not take decisive action against the Taliban and the Haqqani network and dismantle their safe havens, the White House warned today. The warning came after the US suspended about
Published 07 Jan, 2018 12:00am
All options on the table: White House

All options on the table: White House

The US is keeping "all options" on the table to deal with Pakistan if it does not take decisive action against the Taliban and the Haqqani network and dismantle their safe havens, the White House warned today. The warning came after the US suspended about
Published 07 Jan, 2018 12:00am
No indication Pakistan cutting US supply route to Afghanistan: Mattis

No indication Pakistan cutting US supply route to Afghanistan: Mattis

The United States is examining ways to mitigate any Pakistani retaliation as it piles pressure on Islamabad to crack down on militants, a senior US official said on Friday, cautioning that US action could extend beyond a new freeze in aid. Mattis, speakin
Published 07 Jan, 2018 12:00am
No indication Pakistan cutting US supply route to Afghanistan: Mattis

No indication Pakistan cutting US supply route to Afghanistan: Mattis

The United States is examining ways to mitigate any Pakistani retaliation as it piles pressure on Islamabad to crack down on militants, a senior US official said on Friday, cautioning that US action could extend beyond a new freeze in aid. Mattis, speakin
Published 07 Jan, 2018 12:00am
Trump supports Senator Paul's call to end all aid

Trump supports Senator Paul's call to end all aid

In an evolving political drama over US aid to Pakistan, President Donald Trump tweeted on Saturday supporting Senator Rand Paul's proposal for a bill to end all American aid to Islamabad. 'Good Idea Rand" Trump tweeted on Saturday. On Friday, the Trump ad
Published 07 Jan, 2018 12:00am
Trump supports Senator Paul's call to end all aid

Trump supports Senator Paul's call to end all aid

In an evolving political drama over US aid to Pakistan, President Donald Trump tweeted on Saturday supporting Senator Rand Paul's proposal for a bill to end all American aid to Islamabad. 'Good Idea Rand" Trump tweeted on Saturday. On Friday, the Trump ad
Published 07 Jan, 2018 12:00am
United Nations 'alarmed' by DR Congo crackdown

United Nations 'alarmed' by DR Congo crackdown

The UN said it was "deeply alarmed" by the actions of security forces in DR Congo during anti-Kabila protests in Kinshasa last Sunday, and believe the toll of victims during the crackdown "may be higher".
Published 07 Jan, 2018 12:00am
Air strikes kill at least 17 civilians in Syria rebel enclave

Air strikes kill at least 17 civilians in Syria rebel enclave

Regime and Russian air strikes on a rebel-held enclave near the Syrian capital killed at least 17 civilians on Saturday, a war monitor said. Eastern Ghouta, one of the last remaining opposition strongholds in the country, is the target of near-daily air r
Published 07 Jan, 2018 12:00am
Pakistan has no alliance with US: Asif

Pakistan has no alliance with US: Asif

Foreign Minister Khawaja Mohammad Asif on Saturday said Pakistan has no alliance with the United States. Aaj News reported that Khawaja Asif expressed these views in an interview to a US-based magazine. Asif said he understood from the suspension of secur
Published 07 Jan, 2018 12:00am
Tender opens tomorrow: TCP to sell unused jute/PP bags

Tender opens tomorrow: TCP to sell unused jute/PP bags

The Trading Corporation of Pakistan (TCP) is to open tender for the sale of unused jute and Polypropylene (PP) bags on Monday. The state-run grain trader, last month, invited bids for the sale of unused jute & PP bags on "as is where is basis" available a
Published 07 Jan, 2018 12:00am
Tender opens tomorrow: TCP to sell unused jute/PP bags

Tender opens tomorrow: TCP to sell unused jute/PP bags

The Trading Corporation of Pakistan (TCP) is to open tender for the sale of unused jute and Polypropylene (PP) bags on Monday. The state-run grain trader, last month, invited bids for the sale of unused jute & PP bags on "as is where is basis" available a
Published 07 Jan, 2018 12:00am
Tender opens tomorrow: TCP to sell unused jute/PP bags

Tender opens tomorrow: TCP to sell unused jute/PP bags

The Trading Corporation of Pakistan (TCP) is to open tender for the sale of unused jute and Polypropylene (PP) bags on Monday. The state-run grain trader, last month, invited bids for the sale of unused jute & PP bags on "as is where is basis" available a
Published 07 Jan, 2018 12:00am
Pakistan to export 50 MT hybrid rice seed for first time

Pakistan to export 50 MT hybrid rice seed for first time

Federal Seed Certification & Registration Department (FSCD) has given a go-ahead signal for exporting 50 metric tons of hybrid rice seed, the first ever rice seed export from Pakistan, following the passage of purity and germination analysis of the consig
Published 07 Jan, 2018 12:00am
Pakistan to export 50 MT hybrid rice seed for first time

Pakistan to export 50 MT hybrid rice seed for first time

Federal Seed Certification & Registration Department (FSCD) has given a go-ahead signal for exporting 50 metric tons of hybrid rice seed, the first ever rice seed export from Pakistan, following the passage of purity and germination analysis of the consig
Published 07 Jan, 2018 12:00am
Pakistan to export 50 MT hybrid rice seed for first time

Pakistan to export 50 MT hybrid rice seed for first time

Federal Seed Certification & Registration Department (FSCD) has given a go-ahead signal for exporting 50 metric tons of hybrid rice seed, the first ever rice seed export from Pakistan, following the passage of purity and germination analysis of the consig
Published 07 Jan, 2018 12:00am
LTUs, RTOs told to achieve 2H revenue target at all costs

LTUs, RTOs told to achieve 2H revenue target at all costs

Federal Board of Revenue (FBR) Chairman Tariq Pasha Saturday directed Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to achieve assigned revenue collection targets at any cost in the second half (January-June) of 2017-1
Published 07 Jan, 2018 12:00am
LTUs, RTOs told to achieve 2H revenue target at all costs

LTUs, RTOs told to achieve 2H revenue target at all costs

Federal Board of Revenue (FBR) Chairman Tariq Pasha Saturday directed Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to achieve assigned revenue collection targets at any cost in the second half (January-June) of 2017-1
Published 07 Jan, 2018 12:00am
LTUs, RTOs told to achieve 2H revenue target at all costs

LTUs, RTOs told to achieve 2H revenue target at all costs

Federal Board of Revenue (FBR) Chairman Tariq Pasha Saturday directed Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to achieve assigned revenue collection targets at any cost in the second half (January-June) of 2017-1
Published 07 Jan, 2018 12:00am
Trump: I am a 'very stable genius' and 'like, very smart'

Trump: I am a 'very stable genius' and 'like, very smart'

US President Donald Trump on Saturday praised himself as "a very stable genius," following the release of a bombshell book that calls into doubt his mental health. But Trump's response to the book's allegations had Washington focusing anew on the question
Published 07 Jan, 2018 12:00am
Trump: I am a 'very stable genius' and 'like, very smart'

Trump: I am a 'very stable genius' and 'like, very smart'

US President Donald Trump on Saturday praised himself as "a very stable genius," following the release of a bombshell book that calls into doubt his mental health. But Trump's response to the book's allegations had Washington focusing anew on the question
Published 07 Jan, 2018 12:00am
PTI leader denies report of Imran's third marriage

PTI leader denies report of Imran's third marriage

PTI leader Awn Chaudhry on Saturday denounced a media report about the third marriage of Imran Khan as a planted gossip. In a Twitter message, Chaudhry, who is Imran Khan's political secretary, categorically denied the reports. "This is irresponsible yell
Published 07 Jan, 2018 12:00am
PTI leader denies report of Imran's third marriage

PTI leader denies report of Imran's third marriage

PTI leader Awn Chaudhry on Saturday denounced a media report about the third marriage of Imran Khan as a planted gossip. In a Twitter message, Chaudhry, who is Imran Khan's political secretary, categorically denied the reports. "This is irresponsible yell
Published 07 Jan, 2018 12:00am
Commerce ministry criticised for failing to set up pharma council

Commerce ministry criticised for failing to set up pharma council

The Ministry of National Health Services, Regulations and Coordination is said to have lodged a protest with the Commerce Ministry for not establishing Pharma Export Promotion Council announced in Strategic Trade Policy Framework (STPF) 2015-18, well-info
Published 07 Jan, 2018 12:00am
Commerce ministry criticised for failing to set up pharma council

Commerce ministry criticised for failing to set up pharma council

The Ministry of National Health Services, Regulations and Coordination is said to have lodged a protest with the Commerce Ministry for not establishing Pharma Export Promotion Council announced in Strategic Trade Policy Framework (STPF) 2015-18, well-info
Published 07 Jan, 2018 12:00am
Commerce ministry criticised for failing to set up pharma council

Commerce ministry criticised for failing to set up pharma council

The Ministry of National Health Services, Regulations and Coordination is said to have lodged a protest with the Commerce Ministry for not establishing Pharma Export Promotion Council announced in Strategic Trade Policy Framework (STPF) 2015-18, well-info
Published 07 Jan, 2018 12:00am
Lalu Prasad jailed over corruption scam

Lalu Prasad jailed over corruption scam

Key Indian opposition leader Lalu Prasad Yadav was jailed Saturday for three and a half years over his role in a multi-million dollar corruption case. Yadav, 69, is a former railways minister and ex-chief minister of the impoverished eastern state of Biha
Published 07 Jan, 2018 12:00am
Lalu Prasad jailed over corruption scam

Lalu Prasad jailed over corruption scam

Key Indian opposition leader Lalu Prasad Yadav was jailed Saturday for three and a half years over his role in a multi-million dollar corruption case. Yadav, 69, is a former railways minister and ex-chief minister of the impoverished eastern state of Biha
Published 07 Jan, 2018 12:00am
Protests in Iran

Protests in Iran

Although the present unrest in Iran is leaderless and focused more on provincial towns, and with the small protests only sporadic, it seems to be more dangerous than the massive protests of 2009. The protests over inflation and economic corruption, which
Published 07 Jan, 2018 12:00am
The 'Special Watch List'

The 'Special Watch List'

The US Secretary of State annually puts out a list of 'Countries of Particular Concern', ostensibly for having engaged in or tolerated systematic, ongoing and egregious violations of religious freedoms. This year while re-designating several countries on
Published 07 Jan, 2018 12:00am
Accounting professionals: Public interest obligations
Exchange

Accounting professionals: Public interest obligations

The new ethical standard for auditors and other professional accountants ie NOCLAR is going to transform the thinking and practice of accounting profession globally and enable the profession to play a greater role in the fight against significant non-comp
Published 07 Jan, 2018 12:00am
In Trump-Bannon feud, Republicans see silver lining

In Trump-Bannon feud, Republicans see silver lining

In the white-hot battle for influence in US politics the Republican establishment has regained the upper hand, after Donald Trump unleashed a scalding repudiation of Steve Bannon, self-proclaimed champion of the anti-Washington populism that swept the pre
Published 07 Jan, 2018 12:00am
Homeless clampdown sparks UK royal wedding row

Homeless clampdown sparks UK royal wedding row

In picturesque Windsor, in the shadow of the castle where Queen Elizabeth II spends her weekends, a dozen homeless people shelter from the cold in a jumble of blankets and cardboard boxes.
Published 07 Jan, 2018 12:00am
A measured response

A measured response

It is heartening to note that the government has told the global community in general and the US in particular that the war on terrorism has cost Pakistan $120 billion over 15 years and the country has finance this war largely through its own sources. "Ar
Published 07 Jan, 2018 12:00am
Pakistan stands for religious freedom, minorities rights: PM

Pakistan stands for religious freedom, minorities rights: PM

Prime Minister Shahid Khaqan Abbasi on Saturday said the Government of Pakistan ensured rights of all religious minorities, living in the country and stood for their religious freedom. Expressing his wonder over a US report about religious freedom of mino
Published 07 Jan, 2018 12:00am
Rasheed predicts end to Nawaz's politics by January 30

Rasheed predicts end to Nawaz's politics by January 30

Awami Muslim League (AML) chief Sheikh Rasheed Ahmed predicted on Saturday that the politics of the ex-PM Nawaz Sharif will end by January 30, adding that he had earlier mentioned the end in March which has now been moved to this month. The Awami Muslim L
Published 07 Jan, 2018 12:00am
NAB's ex-prosecutor awarded seven-year sentence

NAB's ex-prosecutor awarded seven-year sentence

Accountability Court No.2 Karachi today awarded conviction to one Hussain Bux Baloch in Reference No.20/2015 for imprisonment to 7 years. Accused was former Special Prosecutor of NAB and currently advocate Supreme Court. He was charged of misuse authority
Published 07 Jan, 2018 12:00am
'Eighteen' participates in real estate expo

'Eighteen' participates in real estate expo

Eighteen, a world class lifestyle destination development, prepares to expand its presence in Pakistan as it participates in one of Pakistan's most successful real estate exhibitions 2018, EIGHTEEN installed one of the most elegant stall at Expo Centre an
Published 07 Jan, 2018 12:00am
SC imposes ban on registration of new private medical colleges

SC imposes ban on registration of new private medical colleges

The Supreme Court on Saturday banning registration of new private medical colleges warned the private medical colleges not to charge more than Rs 642,000 as annual fee. "Private colleges and universities would not be allowed if they lacked the facilities,
Published 07 Jan, 2018 12:00am
RD on luxury imports on the cards, says Dhaga
Exchange

RD on luxury imports on the cards, says Dhaga

Federal Secretary Commerce Muhammad Younas Dhaga said on Saturday that government is considering to impose Regulatory Duty (RD) on some more unnecessary and luxury imports to curtail the widening trade deficit. While, addressing the business community at
Published 07 Jan, 2018 12:00am
1,812 awarded degrees at NED convocation

1,812 awarded degrees at NED convocation

Some 1,812 graduates were awarded degrees in their respective disciplines at convocation of NED University of Engineering and Technology held at varsity campus here on Saturday. High achievers were also awarded gold medals and merit certificates. Speaking
Published 07 Jan, 2018 12:00am
Zameen expo to fetch foreign investments: minister

Zameen expo to fetch foreign investments: minister

Provincial Minister for Information Nasir Hussain Shah appears optimistic to attract foreign investments through exhibitions being organized on real estate sector. Speaking at an inaugural of Zameen Expo 2018 being held at Expo centre, Karachi here, he la
Published 07 Jan, 2018 12:00am
Causes of religious extremism in Pakistan highlighted

Causes of religious extremism in Pakistan highlighted

One-day lecture programme on "Causes of Religious Extremism in Pakistan: Role of State and Its Solutions" jointly organized by Global Intellectual Forum Sindh and the University of Sindh Campus Thatta. Professor Dr Mukhtiar Ahmed Mahar, Director Centre fo
Published 07 Jan, 2018 12:00am
Traders facilitating extortionists won't be supported: Teli

Traders facilitating extortionists won't be supported: Teli

"We will fully support anyone who has been receiving threats from Bhatta mafia but will not support anyone in case they are involved in facilitating criminals", said Chairman Businessmen Group (BMG) and former President Karachi Chamber of Commerce and ind
Published 07 Jan, 2018 12:00am
Foreign policy's objectives highlighted
Exchange

Foreign policy's objectives highlighted

The IBA Karachi hosted a distinguished lecture on Pakistan's foreign policy issues, delivered by the Foreign Secretary of Pakistan, Tehmina Janjua at the JS Auditorium, IBA City Campus. The event was attended by foreign delegates, prominent personalities
Published 07 Jan, 2018 12:00am
KATI team meets FPCCI SVP

KATI team meets FPCCI SVP

Senior Vice President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mazhar Ali Nasir asked the representatives of Korangi Association of Trade and Industry (KATI) to provide the association's input to be included in proposals of FPCC
Published 07 Jan, 2018 12:00am
CPG's founder calls on Rabbani

CPG's founder calls on Rabbani

Founder of Corporate Pakistan Group & Reviving Karachi Initiative met Chairman Senate Raza Rabbani at the Parliament House in Islamabad along with Chairman of Joint Parliamentary Committee on CPEC Senator Mushahid Hussain Sayed and former Information Mini
Published 07 Jan, 2018 12:00am
Indus River Canyon declared 'Marine Protected Area': WWF Pakistan

Indus River Canyon declared 'Marine Protected Area': WWF Pakistan

The Federal Ministry for Climate Change (MCC) declared the Indus River Canyon (Exclusive Economic Zone) as a Marine Protected Area (MPA) on Saturday, according to the WWF-Pakistan. It turns to be the second Marine Protected Area of Pakistan following Asto
Published 07 Jan, 2018 12:00am
'Water scarcity a human issue'

'Water scarcity a human issue'

Federal Minister for Water Resources Syed Javed Ali Shah has questioned the handing over of 100 percent water of three rivers under the Indus Water Treaty, adding that water scarcity is a human issue in South Punjab. "Handing over Sutlej, Bias and Ravi ri
Published 07 Jan, 2018 12:00am
Six people die as building collapses

Six people die as building collapses

At least six people, including four members of a family, died and many injured as roof of a triple-storey dilapidated, building collapsed in Delhi Gate area on Saturday. According to Rescue 1122 officials, they recovered four dead bodies of a single famil
Published 07 Jan, 2018 12:00am
HRCP, IPSS seminar: 'Enforced disappearances' must come to an end

HRCP, IPSS seminar: 'Enforced disappearances' must come to an end

Human Rights Commission of Pakistan (HRCP) and Institute for Peace and Secular Studies (IPSS) organized a seminar on 'Human Rights in the Era of Enforced Disappearances' at Safma Auditorium on Saturday. Human rights community, artist community, academics
Published 07 Jan, 2018 12:00am
CJ seeks report about facilities available in hospitals

CJ seeks report about facilities available in hospitals

Chief Justice Pakistan here on Saturday proceeding with a suo motu action on deteriorating condition of public sector hospitals in the Lahore, directed the Punjab government to come up with reports on budget of the hospitals, health facilities and medicin
Published 07 Jan, 2018 12:00am
Maryam requests CJP to also focus on Sindh, KP hospitals

Maryam requests CJP to also focus on Sindh, KP hospitals

Former Prime Minister Nawaz Sharif's daughter Maryam Nawaz has requested the Chief Justice of Pakistan (CJP) to also focus on hospitals of Sindh and Khyber Pakhtunkhwa. After the Supreme Court's remarks during hearing in the suo motu notice case on the st
Published 07 Jan, 2018 12:00am
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