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Archive - 2018-02-27
Treet Corporation Limited
Exchange

Treet Corporation Limited

Treet Corporation Limited is one of the oldest business groups in Pakistan. The company has its roots before the partition of subcontinent almost a century ago, when it was established as a diversification from canteen and agricultural business. After the
Updated 27 Feb, 2018 11:45am
Export woes
Miscellaneous

Export woes

Similar to 6MFY18 figures, exports continued to rise by 11 percent over 7MFY18. Textile rose by 7 percent, led by knitwe
Published 27 Feb, 2018 07:22am
Urea steadies; Rabi slows
Fertilizer

Urea steadies; Rabi slows

Fertilizer off-take in January 2018 got off to a good start. Urea off-take went up by 33 percent year-on-year, also slig
Published 27 Feb, 2018 07:19am
Economic manifestos
Miscellaneous

Economic manifestos

It is an unfortunate reality that economic manifestos declared by political parties in Pakistan are neither prepared thr
Published 27 Feb, 2018 07:18am
ECP urged to de-notify PML-N as political party

ECP urged to de-notify PML-N as political party

Pakistan Awami Tehreek (PAT) has asked the Election Commission of Pakistan (ECP) through an application to de-notify Pakistan Muslim League-Nawaz (PML-N), as a party cannot be registered with the name of a disqualified person. "Since Nawaz Sharif has been
Published 27 Feb, 2018 12:00am
PML-N CEC to name acting president today

PML-N CEC to name acting president today

The Central Executive Committee of the Pakistan Muslim League-Nawaz (PML-N) held a meeting here on Tuesday (today) to discuss the party affairs and announce the acting president of PML-N till general house elects president of the party after disqualificat
Published 27 Feb, 2018 12:00am
Parties receive briefing on delimitation of constituencies

Parties receive briefing on delimitation of constituencies

A delegation of parliamentary parties Monday visited Election Commission of Pakistan (ECP) and received briefing on electoral rolls and delimitation. The ECP officials assured the delegation for conducting free, fair and transparent upcoming general elect
Published 27 Feb, 2018 12:00am
Supplementary reference filed against Dar

Supplementary reference filed against Dar

National Accountability Bureau (NAB) on Monday filed a supplementary reference that comprises fresh evidence, against former Finance Minister Muhammad Ishaq Dar in an Accountability Court hearing a corruption reference against him. The NAB filed supplemen
Published 27 Feb, 2018 12:00am
Nawaz reaping what he sowed for decades: Zardari

Nawaz reaping what he sowed for decades: Zardari

Former President of Pakistan and President Pakistan Peoples Party Parliamentarians Asif Ali Zardari has said that the time has come to put right all the wrongs done to this society by dictators and their mindset. He said that change in the society will co
Published 27 Feb, 2018 12:00am
PMIS to be replicated in 20 jails of Punjab

PMIS to be replicated in 20 jails of Punjab

The Punjab Information Technology Board (PITB) is all set to replicate Prison Management Information System (PMIS) in 20 jails of the Punjab and Command & Control at Inspectorate of Prisons Punjab in the first phase with customized features and some new m
Published 27 Feb, 2018 12:00am
Dewan group's Daehan SHEHZORE Pickup unveiled

Dewan group's Daehan SHEHZORE Pickup unveiled

Resuming vehicle production at its automobile assembly plant near Sujawal, Sindh, Yousuf Dewan Companies on Sunday unveiled Daehan SHEHZORE pickup. However, unveiling ceremony SHEHZORE was held at Mohatta Palace Museum in Karachi. Federal Minister for Int
Published 27 Feb, 2018 12:00am
Ghulam Kibria was larger than life yet intensely human
Exchange

Ghulam Kibria was larger than life yet intensely human

Business Recorder introduced me to Ghulam Kibria, whom, not long after introduction, I started addressing 'Bhai Sahib', an address - no one shared with me. Writing, basically on accounting and finance related subjects from my student days in the si
Published 27 Feb, 2018 12:00am
Bilawal pledges to safeguard 'national assets'

Bilawal pledges to safeguard 'national assets'

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has pledged that his Party will safeguard and protect the national assets vociferously and warned PML-N government to desist from selling out Pakistan Steel, PIA and other state units through a suspic
Published 27 Feb, 2018 12:00am
Fire in Sindh Secretariat: report submitted to chief secretary

Fire in Sindh Secretariat: report submitted to chief secretary

The report of the fire which erupted in Sindh Secretariat has been submitted to the chief secretary on Monday. The fire erupted just three hours after the mega corruption scandal was disclosed. The timing of the fire has left many questions on the minds.
Published 27 Feb, 2018 12:00am
Customs set to launch e-payment module by March 15

Customs set to launch e-payment module by March 15

Pakistan customs is all set to launch e-payment module by March 15, 2018. Speaking at the first meeting of FPCCI Standing Committee on Customs, Haris Ansari, additional director Directorate Reforms and Automation informed that the customs department was g
Published 27 Feb, 2018 12:00am
Jurists, intellectuals for an end to confrontation among institutions

Jurists, intellectuals for an end to confrontation among institutions

Speaking at a seminar here on Monday prominent jurists, intellectuals, analysts and writers stressed the need for end of prevailing environment of confrontation among the state institutions for continuity of democracy and rule of law in the country.
Published 27 Feb, 2018 12:00am
PICT profit increases to Rs 2.79 billion

PICT profit increases to Rs 2.79 billion

The profit after tax of Pakistan International Container Terminal has increased to Rs 2.797 billion in the year ended December 31, 2017 as compared to Rs 2.748 billion earned in the corresponding period in 2016. The company's earning per share surged to R
Published 27 Feb, 2018 12:00am
Government urged to remove SRO obstacle to gem sector exports

Government urged to remove SRO obstacle to gem sector exports

Vice President Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Waheed Ahmed has urged the government to remove obstacles levied through SRO-760 in 2013, so that the export of gem sector can be enhanced. Speaking at successful conclusion of
Published 27 Feb, 2018 12:00am
Razzak Janoo Trust organises free eye camp

Razzak Janoo Trust organises free eye camp

Haji Razzak Janoo Memorial Trust in collaboration with Dadu Chamber of Commerce organised a free Laser Eye Camp at Ladies Gymkhana, Dadu. Rafique Suleman Senior Vice Chairman Rice Exporters Association of Pakistan (REAP) was the chief guest of the inaugur
Published 27 Feb, 2018 12:00am
Axact CEO arrested

Axact CEO arrested

The Federal Investigation Agency (FIA) on Monday arrested the Axact Chief Operating Officer (CEO), Shoaib Shaikh, outside the Sindh High Court (SHC) after the court annulled his acquittal by the Sessions Court in the 'Hawala' case. A division bench headed
Published 27 Feb, 2018 12:00am
ANP criticises delay in implementation of BRT project

ANP criticises delay in implementation of BRT project

General Secretary, Awami National Party (ANP), Mian Iftikhar Hussain on Monday said that main reason behind Bus Rapid Transit (BRT) project Peshawar is to earn kickbacks and its completion is beyond the capabilities of PTI-led provincial government. Addre
Published 27 Feb, 2018 12:00am
SDG 3, FP2020 Goals: speakers for improving health of women

SDG 3, FP2020 Goals: speakers for improving health of women

A panel discussion titled "Improving Women's Health in South Asia: Working towards achieving SDG 3 and FP2020 Goals" was held in Karachi during the 17th Bienniel Society of Obstetricians & Gynaecologists of Pakistan (SOGP) conference. This session was sup
Published 27 Feb, 2018 12:00am
PBIF chief demands payment of ST, IT refunds

PBIF chief demands payment of ST, IT refunds

President of Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has demanded sales tax and income tax refunds of the traders and industrialists should be paid, immediately, and issuance of notices in bulk should be avoided that will
Published 27 Feb, 2018 12:00am
KATI chief for 'reforms' to benefit from GSP plus status

KATI chief for 'reforms' to benefit from GSP plus status

President of Korangi Association of Trade & Industry (KATI), Tariq Malik, called for policy reforms to attain benefits of GSP Plus status. "It is learnt previously required measures were not adopted to benefit from the status and market access to EU," he
Published 27 Feb, 2018 12:00am
Rabbani calls for dialogue among all stakeholders

Rabbani calls for dialogue among all stakeholders

Chairman Senate Mian Raza Rabbani has called for national dialogue among all the stake holders of the state including military, politicians and judiciary as the country cannot afford de-stabilisation and confrontation at this juncture.
Published 27 Feb, 2018 12:00am
Swiss CG terms CPEC 'an economic turning point' in region

Swiss CG terms CPEC 'an economic turning point' in region

Consul General of Switzerland in Karachi Phillippe Crevoisier has termed the Chine-Pakistan Economic Corridor (CPEC) an economic turning point in the region. He said this while addressing a reception which hosted by the President Hyderabad Chamber of Comm
Published 27 Feb, 2018 12:00am
IT event held at PAF-KIET

IT event held at PAF-KIET

A four-day IT event titled "ComBat'18- The Computing Battle" was concluded at Pakistan Air Force Karachi Institute of Economics and Technology (PAF-KIET) at its North Nazimabad Campus, here on Monday. The event featured 22 competitions related to software
Published 27 Feb, 2018 12:00am
Active public role and support to implement laws, policies urged

Active public role and support to implement laws, policies urged

Speakers at a 'Youth Capacity Building' Workshop at Women University, Mardan, highlighted importance of active role and public support in implementation of laws and policies. The capacity building workshops as part of Ulasi Taroon initiative are an attemp
Published 27 Feb, 2018 12:00am
Maverick climber calls off 'suicidal' solo bid to summit K2

Maverick climber calls off 'suicidal' solo bid to summit K2

Russian-Polish climber Denis Urubko has called off his attempt to summit K2 alone during winter, a post on his former teammates' Facebook page said Monday, after a weekend drama saw him begin what another climber had called a suicide mission.
Published 27 Feb, 2018 12:00am
Ministry for making child abuse issue part of curricula

Ministry for making child abuse issue part of curricula

The Ministry for Human Rights on Monday proposed to include the issue of child abuse in curricula and schools may conduct teachers' trainings on protection of children from abuse in a bid to bring the menace to an end. A meeting of the Special Committee o
Published 27 Feb, 2018 12:00am
Photo exhibition to celebrate Chinese New Year inaugurated

Photo exhibition to celebrate Chinese New Year inaugurated

A Photo Exhibition to commemorate the Chinese New Year was inaugurated by Foreign Minister Khawaja Asif and Ambassador of People's Republic of China Yao Jing today at the Ministry of Foreign Affairs. The photo exhibition is a glimpse of the strong Pakista
Published 27 Feb, 2018 12:00am
Jazz launches 4G enabled smart phone

Jazz launches 4G enabled smart phone

Jazz, Pakistan's number one digital company has launched Jazz Digit 1- a 4G enabled 'smart' feature phone for customers across Pakistan. The launch is in line with Jazz's commitment of introducing affordable products and services in a bid to bridge the pr
Published 27 Feb, 2018 12:00am
Achieving 17 SDGs: PPP's Babar presents 17-point 'action plan'

Achieving 17 SDGs: PPP's Babar presents 17-point 'action plan'

The achievement of Sustainable Development Goals (SDGs) adopted unanimously by the UN member states is critical to transform the country from a security state to a welfare state as in Article 38 of the Constitution. This was stated by Senator Farhatullah
Published 27 Feb, 2018 12:00am
Fata Development: NA body recommends six schemes worth Rs 1 billion

Fata Development: NA body recommends six schemes worth Rs 1 billion

National Assembly Standing Committee on States and Frontier Regions (SAFRON) Monday recommended for inclusion of six major schemes of Federally Administered Tribal Areas (FATA), worth over Rs 1 billion, in Public Sector Development Program 2018-19. The me
Published 27 Feb, 2018 12:00am
Tarbela fourth extension project begins to generate power

Tarbela fourth extension project begins to generate power

Pakistan Water and Power Development Authority (Wapda) achieved yet another landmark towards energy security of the country as Tarbela 4th Extension Hydropower Project started electricity generation on Monday. The first generating unit, put into operation
Published 27 Feb, 2018 12:00am
Up-gradation of Karachi Shipyard: NA panel recommends funds

Up-gradation of Karachi Shipyard: NA panel recommends funds

The National Assembly Standing Committee on Defence Production has strongly recommended the Ministry of Finance to provide requisite funds for up-gradation of ship lifting system and infrastructure development of Karachi Shipyard and Engineering Works. Th
Published 27 Feb, 2018 12:00am
PA adopts bill to regularise contract jobs of teachers

PA adopts bill to regularise contract jobs of teachers

The Sindh Assembly on Monday adopted a law to regularize the jobs of long-awaiting contractual teachers with a unanimous vote. The provincial government had appointed some 15649 teachers on a contract basis between 2012 and 2014 and their jobs will be reg
Published 27 Feb, 2018 12:00am
1447 degrees awarded at Hamdard University's convocation

1447 degrees awarded at Hamdard University's convocation

Degree of Doctor of Medical Science (Honoris Causa) was conferred on renowned Kidney Specialist and President, Transplantation Society of Pakistan by Hamdard University, in its 22nd convocation, held on February 24, at Al Moid hall, Madinat al Hikmah, Kar
Published 27 Feb, 2018 12:00am
Iranian Air Force chief calls on CoAS

Iranian Air Force chief calls on CoAS

Chief of Army Staff General Qamar Javed Bajwa met with Chief of Iranian Air Force Brigadier General Hassan Shahsafi, said Inter-Services Public Relations (ISPR) here on Monday. The meeting held here at General Headquarters and discussed professional matte
Published 27 Feb, 2018 12:00am
Talal's contempt of court case: SC adjourns hearing till March 6

Talal's contempt of court case: SC adjourns hearing till March 6

The Supreme Court adjourned a contempt of court case against State Minister for Interior Talal Chaudhry till March 06 due to absence of his lawyer. A three-member bench headed by Justice Ejaz Afzal Khan resumed hearing in the contempt case after the apex
Published 27 Feb, 2018 12:00am
PN's operational exercise RIBAT-2018 commences

PN's operational exercise RIBAT-2018 commences

Pakistan Navy's operational exercise Ribat-2018 commenced with opening brief held at Karachi. Vice Chief of the Naval Staff, Vice Admiral Kaleem Shaukat, graced the occasion as Chief Guest. RIBAT series of exercises are focused on validating PN war fighti
Published 27 Feb, 2018 12:00am
Bank Alfalah earns Rs 14.045 billion profit before tax

Bank Alfalah earns Rs 14.045 billion profit before tax

The Board of Directors of Bank Alfalah Limited met in Abu Dhabi under the chairmanship of Sheikh Nahayan Mabarak Al Nahayan, on Sunday to review the performance of the Bank and approved the financial statements of the Bank for the year ended December 31,
Published 27 Feb, 2018 12:00am
Bank Alfalah earns Rs 14.045 billion profit before tax

Bank Alfalah earns Rs 14.045 billion profit before tax

The Board of Directors of Bank Alfalah Limited met in Abu Dhabi under the chairmanship of Sheikh Nahayan Mabarak Al Nahayan, on Sunday to review the performance of the Bank and approved the financial statements of the Bank for the year ended December 31,
Published 27 Feb, 2018 12:00am
Honor kicks off their operations in Pakistan

Honor kicks off their operations in Pakistan

Chris Sun, The vice president of Honor in the Middle East and Africa, said that "Pakistan has immense potential since it is one of the fastest growing markets in the region. The good thing about this market is that 70 percent of the population is under 30
Published 27 Feb, 2018 12:00am
Speakers speak up for the less-privileged people

Speakers speak up for the less-privileged people

Toiling from dawn-to-dusk are cart-pushers, labourers, barbers, cobblers, cleaners, vendors and alike vying for livelihood and survival. As such, students of Public Relations, IoBM were assigned by Faculty, Parvez Jamil to invite think tanks of health, ed
Published 27 Feb, 2018 12:00am
President-elect SAARC CCI for greater regional trade integration

President-elect SAARC CCI for greater regional trade integration

President elect SAARC Chamber of Commerce and Industry Ruwan Edirisinghe on Monday stressed the urgent need for strengthening of durable collaboration among the SAARC member countries to boost the trade and investment volume in the region and fade out chr
Published 27 Feb, 2018 12:00am
Liberation of Kashmir first priority of JI: Siraj

Liberation of Kashmir first priority of JI: Siraj

Chief of Jamaat-e-Islami, Senator Sirajul Haq, said that Indian Premier Modi wanted to destroy Pakistan and would not hesitate for a moment to thrust a war on the country if the Kashmiri Mujahideen were not in the front. He was speaking at a reception hos
Published 27 Feb, 2018 12:00am
WCLA launches tree plantation campaign today

WCLA launches tree plantation campaign today

In collaboration with Punjab Forest, Wildlife and Fisheries Department, the Walled City of Lahore Authority (WCLA) is launching a tree plantation campaign inside the Walled City of Lahore from today. The Punjab Forest, Wildlife and Fisheries Secretary and
Published 27 Feb, 2018 12:00am
Water in Mangla dam reaches dead storage level

Water in Mangla dam reaches dead storage level

The country's biggest water reservoir on the river Jhelum, Mangla dam with capacity of 7.4MAF has reached its dead level of 1050ft above the sea level and consequently Punjab Irrigation department has closed almost all its perennial and non-perennial irri
Published 27 Feb, 2018 12:00am
Punjab assembly proceedings stalled

Punjab assembly proceedings stalled

The Opposition in Punjab Assembly on Monday paralyzed the proceedings after they were not allowed by the Speaker to express their views on arrest of Ahad Khan Cheema. The Opposition members surrounded the chair of Speaker and chanted slogans against forme
Published 27 Feb, 2018 12:00am
System gas to industry to be restored in March: SNGPL

System gas to industry to be restored in March: SNGPL

Managing Director Sui Northern Gas Pipe Lines Limited (SNGPL) Amjad Latif said on Monday that system gas to industry will be restored in March. He was talking to reporters after the inauguration of health, safety & environment week organized by SNGPL. He
Published 27 Feb, 2018 12:00am
Dairy sector comes under the spotlight

Dairy sector comes under the spotlight

Haleeb Foods Ltd CEO Memosh Khawaja sees a huge potential in the Pakistani dairy sector and to capitalise this opportunity he suggested the government to come up with a comprehensive 'Dairy Sector Development Strategy'.
Published 27 Feb, 2018 12:00am
Treet Corporation Limited
Exchange

Treet Corporation Limited

Treet Corporation Limited is one of the oldest business groups in Pakistan. The company has its roots before the partition of subcontinent almost a century ago, when it was established as a diversification from canteen and agricultural business. After the
Published 27 Feb, 2018 12:00am
Higher judiciary's Fata jurisdiction hailed

Higher judiciary's Fata jurisdiction hailed

While hailing extension in jurisdiction of higher judiciary to Federally Administered Tribal Areas (FATA), the speakers at a seminar have said that it is a right step forward towards ending decades-long sense of frustration and deprivation among the peopl
Published 27 Feb, 2018 12:00am
Ministry instructed to complete projects on priority basis

Ministry instructed to complete projects on priority basis

A parliamentary panel Monday instructed Ministry of Interior to complete its ongoing projects on priority basis and also asked Ministry of Finance for timely release of funds required for these projects. The National Assembly Standing Committee on Interio
Published 27 Feb, 2018 12:00am
Roosevelt Hotel: government has no sell-off plan, NA body told

Roosevelt Hotel: government has no sell-off plan, NA body told

A parliamentary penal has been informed that the ruling government of Pakistan Muslim League-Nawaz (PML-N) has no plan to sell-off Roosevelt Hotel owned by Pakistan International Airlines (PIA) in New York. National Assembly Standing Committee on Parliame
Published 27 Feb, 2018 12:00am
UN development programme names Pakistani a goodwill ambassador

UN development programme names Pakistani a goodwill ambassador

The United Nations development program has appointed the first Pakistani woman to climb Mount Everest as its goodwill ambassador for the country. A statement issued Monday says Samina Baig will lead efforts to build national awareness and partnerships aro
Published 27 Feb, 2018 12:00am
Russia calls daily truce in battered Syria enclave

Russia calls daily truce in battered Syria enclave

Russia called a daily "humanitarian pause" in Syria's Eastern Ghouta, bowing to international pressure to halt the carnage in the rebel-held enclave where fresh strikes claimed more civilian lives on Monday.
Published 27 Feb, 2018 12:00am
Emblematic Brazilian newspaper returns to print

Emblematic Brazilian newspaper returns to print

The Jornal do Brasil, an emblematic Rio de Janeiro daily founded in 1896, has returned to print after eight years of exclusively digital production. "The return of the print edition was an enormous success," the newspaper wrote in its Monday edition, afte
Published 27 Feb, 2018 12:00am
Iran blames Yemen war on British, US arms exports

Iran blames Yemen war on British, US arms exports

Iran on Monday rejected Western claims that it was arming Huthi rebels in Yemen, saying the conflict was instead the result of British and US arm supplies to Saudi Arabia. "The Islamic republic of Iran wants an end to the aggression in Yemen by Saudi Arab
Published 27 Feb, 2018 12:00am
Public employees strike in Gaza over unpaid salaries

Public employees strike in Gaza over unpaid salaries

Public sector employees in the Gaza Strip went on strike Monday over unpaid salaries, amid a dispute between the two major Palestinian factions. All government institutions closed their doors in the morning as the union of public employees called for a st
Published 27 Feb, 2018 12:00am
Trump says North Korea talks only under 'right conditions'

Trump says North Korea talks only under 'right conditions'

US President Donald Trump gave a cautious response to North Korea's offer of talks Monday, saying they would take place "only under the right conditions." "We have been very tough with them," Trump said at the White House, after Pyongyang signaled its wil
Published 27 Feb, 2018 12:00am
Merkel wins party backing for coalition while vowing renewal

Merkel wins party backing for coalition while vowing renewal

Chancellor Angela Merkel on Monday overwhelmingly won the blessing of her conservative party for a hard-fought coalition deal, a relief for the veteran leader who has been weakened by party infighting over five months of political impasse in Germany. At a
Published 27 Feb, 2018 12:00am
US imposes sanctions on oil smugglers

US imposes sanctions on oil smugglers

The United States took action Monday against several Maltese, Libyan and Egyptian firms, traders and ships allegedly involved in smuggling oil out of Libya in violation of UN sanctions. Libya has been gripped by chaos since a NATO-backed uprising toppled
Published 27 Feb, 2018 12:00am
US Supreme Court snubs Trump over 'Dreamer' immigrants
Exchange

US Supreme Court snubs Trump over 'Dreamer' immigrants

President Donald Trump's effort to end a scheme shielding young immigrants from deportation faced an uncertain future Monday, after the US Supreme Court declined to hear the case. Trump's move to end protections for hundreds of thousands of people brought
Published 27 Feb, 2018 12:00am
Five killed in building fire in central England

Five killed in building fire in central England

Rescuers on Monday pulled another body from the wreckage of a building fire in the central English city of Leicester, bringing the death toll to five, with five more people still in hospital. An explosion on Sunday evening caused a blaze to rip through a
Published 27 Feb, 2018 12:00am
Israel bans Palestinian minister from east Jerusalem school

Israel bans Palestinian minister from east Jerusalem school

Israel barred the Palestinian education minister, Sabri Saidam, from visiting a school in the Old City of annexed east Jerusalem on Monday, officials said. "The minister entered Jerusalem but was prevented from entering the school. Israeli security banned
Published 27 Feb, 2018 12:00am
Snow falls in Rome as Europe hit by icy weather

Snow falls in Rome as Europe hit by icy weather

Rome woke to its first snowfall in six years on Monday as chilling winds from Siberia swept across Europe, bringing freezing temperatures that have claimed at least seven lives, disrupted travel and closed schools. The "Beast from the East", as Britain's
Published 27 Feb, 2018 12:00am
US MIDDAY: gold rebounds

US MIDDAY: gold rebounds

Gold prices rose on Monday as a softer US dollar helped the metal rebound from its biggest weekly loss this year, but moves were muted before the debut congressional testimony by US Federal Reserve Chair Jerome Powell later this week. Powell's appearance
Published 27 Feb, 2018 12:00am
US MIDDAY: soyabeans hit one-year high

US MIDDAY: soyabeans hit one-year high

US soyabean futures rose for a fifth straight session on Monday and the most active contract hit a one-year high as weather forecasts for drought-hit Argentina suggested little rain for the world's third-largest exporter.
Published 27 Feb, 2018 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose on Monday as a softer dollar helped the metal rebound from its biggest weekly loss this year, but moves were muted before the debut congressional testimony by Federal Reserve Chair Jerome Powell later this week. Powell's appearance will be close
Published 27 Feb, 2018 12:00am
Gold climbs in Asia
Currency

Gold climbs in Asia

Gold prices climbed on Monday buoyed by a weaker dollar as US bond yields dipped, while investors were cautious ahead of Federal Reserve Chairman Jerome Powell's first congressional testimony. Powell will testify on the central bank's semi-annual report o
Published 27 Feb, 2018 12:00am
Cocoa futures extend gains; sugar down, coffee moves up

Cocoa futures extend gains; sugar down, coffee moves up

Cocoa futures extended gains to three-month highs on Monday, in a volatile session that lifted contracts to technically overbought levels on diminishing crop prospects in top grower Ivory Coast, though profit-taking pressured prices mid-session. May New Y
Published 27 Feb, 2018 12:00am
Palm oil rises to two-week top
Vegetable Oil

Palm oil rises to two-week top

Malaysian palm oil futures hit a two-week high on Monday evening, recording a second straight session of gains, as rising demand for palm and gains in rival oilseeds supported the market. The benchmark palm oil contract for May delivery on the Bursa Malay
Published 27 Feb, 2018 12:00am
Tokyo rubber hits two-week high
Exchange

Tokyo rubber hits two-week high

Benchmark Tokyo rubber futures hit a two-week high on Monday, supported by gains in Shanghai futures and oil prices. The Tokyo Commodity Exchange (TOCOM) rubber contract for August delivery finished 5.2 yen, or 2.8 percent, higher at 193.8 yen ($1.82) per
Published 27 Feb, 2018 12:00am
Oil climbs on strong demand, Saudi comments

Oil climbs on strong demand, Saudi comments

Oil rose on Monday, hitting three-week highs, supported by strong US demand and comments from Saudi Arabia that it would continue to curb production in line with OPEC-led efforts. Brent crude rose 29 cents to $67.60 a barrel at 1:50 p.m. (1850 GMT). Durin
Published 27 Feb, 2018 12:00am
US investors seek to acquire Russia's Rosneft lien in Citgo
Currency

US investors seek to acquire Russia's Rosneft lien in Citgo

A group of US investors is seeking Washington's approval to acquire the nearly 50 percent collateral in US refiner Citgo held by Russia's largest state-owned energy firm Rosneft, one of the investors said. The move would prevent Moscow from seizing a larg
Published 27 Feb, 2018 12:00am
Rising Chinese imports push copper higher
Exchange

Rising Chinese imports push copper higher

The price of copper rose on Monday as higher imports to China and strong economic data cemented expectations of solid demand from the world's biggest metals consumer. Rising global stock markets also fuelled appetite for riskier assets including metals, s
Published 27 Feb, 2018 12:00am
Shanghai copper down
Exchange

Shanghai copper down

Shanghai Futures Exchange copper was down half a percent at 53,330 yuan ($8,442) a tonne on Monday after reports over the weekend that base metal imports to China jumped in January, underlining the country's healthy demand. "Downstream demand looks pretty
Published 27 Feb, 2018 12:00am
Morkel to quit, blames 'strain of schedule'

Morkel to quit, blames 'strain of schedule'

South African fast bowler Morne Morkel announced on Monday that he would retire from international cricket after the four-Test series against Australia which starts at Kingsmead on Thursday. The tall paceman, who has played in 83 Tests, 117 one-day intern
Published 27 Feb, 2018 12:00am
UEFA hold off on VAR use in Champions League amid 'confusion'

UEFA hold off on VAR use in Champions League amid 'confusion'

UEFA will not introduce Video Assistant Referees (VAR) for next season's Champions League because of ongoing "confusion" surrounding its use, Aleksander Ceferin, the president of European football's governing body, said on Monday.
Published 27 Feb, 2018 12:00am
British boxer dies hours after winning fight

British boxer dies hours after winning fight

British boxer Scott Westgarth died after falling ill in the aftermath of winning an English light-heavyweight title eliminator bout on Saturday. Westgarth, who was 31, was rushed to hospital following his victory over December Spellman but died in the ear
Published 27 Feb, 2018 12:00am
Jazz's Golf Tournament tees off in Karachi

Jazz's Golf Tournament tees off in Karachi

Pakistan's premiere amateur golfing events - the Jazz Golf Tournament teed off at the DHA Golf Club in Karachi. Jazz's customers, amateur golfers and the company top management participated in the event. There were prizes for various categories of winners
Published 27 Feb, 2018 12:00am
PPL Balochistan Football Cup moves into final round

PPL Balochistan Football Cup moves into final round

The qualifying round of PPL Balochistan Football Cup 2018 is nearing the end with winning teams gearing up to play the final round from March 1. Day eight and nine saw exciting matches witnessed by the football fraternity with excitement and zeal at Quett
Published 27 Feb, 2018 12:00am
Hamdan Holdings Punjab Polo Cup 2018 begins

Hamdan Holdings Punjab Polo Cup 2018 begins

The historical 14-goal Hamdan Holdings Punjab Polo Cup 2018 will stroll into action here at the Lahore Polo Club (LPC) ground from Tuesday (today). Highlighting the history of historical Punjab Polo Cup, Lahore Polo Club President Irfan Ali Hyder said: "A
Published 27 Feb, 2018 12:00am
World's largest phone show opens under Catalan secession cloud

World's largest phone show opens under Catalan secession cloud

The world's largest phone show opened in Barcelona Monday with a visit by King Felipe VI as tensions run high just months after Catalonia's failed bid to break from Spain. The king, a divisive figure in the northeastern region since he made a stern speech
Published 27 Feb, 2018 12:00am
Samsung launches new S9 phone with augmented reality features

Samsung launches new S9 phone with augmented reality features

Samsung unveiled its new flagship smartphone on Sunday with a focus on augmented reality features as it seeks to keep its title as the world's biggest smartphone maker. The South Korean firm showcased the Galaxy S9 on the eve of the official start of the
Published 27 Feb, 2018 12:00am
Huawei's AI-powered smartphone drives a Porsche

Huawei's AI-powered smartphone drives a Porsche

China's Huawei used the artificial intelligence capabilities of its flagship Mate 10 Pro phone to drive a sports car as the Mobile World Congress got under way in Barcelona Monday, in what it said was a world first. The Porshe avoided several obstacles, i
Published 27 Feb, 2018 12:00am
UPS seeks 1.7 billion euro damages from EU

UPS seeks 1.7 billion euro damages from EU

US package delivery giant United Parcel Service is seeking 1.7 billion euros ($2.1 billion) in damages from the European Commission after it stopped the firm's 2013 bid to take over TNT Express. The move by UPS, which was officially lodged in December but
Published 27 Feb, 2018 12:00am
Abu Dhabi awards Japan's INPEX stake in oil concession

Abu Dhabi awards Japan's INPEX stake in oil concession

Abu Dhabi's state energy company ADNOC said Monday it had awarded Japan's INPEX a 10 percent stake in an offshore oil concession, in a deal worth $600 million. The new concession, at the offshore Lower Zakum oil field, is for a duration of 40 years, ADNOC
Published 27 Feb, 2018 12:00am
Tunisair passenger numbers hit highest level since revolution

Tunisair passenger numbers hit highest level since revolution

Tunisia's state-owned airline Tunisair boosted passenger numbers by 17 percent last year as it lifted revenue by 29 percent for its best growth since the 2011 revolution threw the North African country into turmoil. The government has been planning to ove
Published 27 Feb, 2018 12:00am
Russia orders Hewlett-Packard to pay $1.9 million levy

Russia orders Hewlett-Packard to pay $1.9 million levy

A Russian court on Monday ruled that the Russian subsidiary of US technology conglomerate Hewlett-Packard (HP) must pay a $1.9 million levy destined to compensate intellectual property rights holders. A Moscow commercial court rejected an appeal by the co
Published 27 Feb, 2018 12:00am
US new home sales hit five-month low; supply highest since 2009

US new home sales hit five-month low; supply highest since 2009

Sales of new US single-family homes fell for a second straight month in January, weighed down by steep declines in the Northeast and South, which could raise concerns the housing market is losing momentum. The weak report from the Commerce Department on M
Published 27 Feb, 2018 12:00am
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