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Archive - 2018-04-07
Korean ambassador calls on Shehbaz Sharif
Pakistan Top News

Korean ambassador calls on Shehbaz Sharif

LAHORE: Korean Ambassador Kwak Sung Kyu called on Punjab Chief Minister Muhammad Shehbaz here on Saturday and discus
Published 07 Apr, 2018 11:57pm
Erdogan to visit Britain in May
Front Top News

Erdogan to visit Britain in May

ISTANBUL: Turkish President Recep Tayyip Erdogan is to visit Britain in May, a top official said Saturday, as Ankara
Published 07 Apr, 2018 07:43pm
US Cornell University call on COAS
Pakistan Top News

US Cornell University call on COAS

RAWALPINDI: A group of students from US Cornell University met Chief of Army Staff (COAS) General Qamar Javed Bajwa
Published 07 Apr, 2018 09:55pm
Color varies earth forest
Featured Photos

Color varies earth forest

A view of  the scenery of earth forest in Yuanmou County, southwest China's Yunnan Province. The earth forest is bas
Published 07 Apr, 2018 07:03pm
KP has all potential to become a booming economy: HafIz Pasha

KP has all potential to become a booming economy: HafIz Pasha

Eminent economist and former federal minister for Finance, Dr Hafiz A Pasha has said that despite challenges to provincial economy at various levels, Khyber Pakhtunkhwa has all the potential to become a booming economy with an exceptional growth rate and
Published 07 Apr, 2018 12:00am
Hurling shoe at Nawaz Bail granted to accused

Hurling shoe at Nawaz Bail granted to accused

A judicial magistrate on Friday allowed bail to three men involved in hurling shoe on Nawaz Sharif at a ceremony in Jamia Naeemia, Garhi Shahu. The magistrate granted bail to prime suspect Munawar Hussain, his accomplices Abdul Ghafoor and Muhammad Sajid.
Published 07 Apr, 2018 12:00am
Unannounced load-shedding in Punjab

Unannounced load-shedding in Punjab

Unannounced load shedding has started impacting business activities throughout the province as the distribution companies (DISCOs) are practicing two to six hours load shedding in urban and rural areas to manage the load. Especially, with a rise in temper
Published 07 Apr, 2018 12:00am
Huawei unveils Y Series smartphone

Huawei unveils Y Series smartphone

Huawei has unveiled its spectacular line-up of Huawei Y Series 2018 in Pakistan. Calling it the ultimate upgrade, the Huawei Y Series features Huawei Y7 Prime 2018, Huawei Y6 Prime 2018 and Huawei Y9 2018 on exciting price points. The stellar range of Hua
Published 07 Apr, 2018 12:00am
Shahbaz assures Zubair of changing fate of Karachi, Sindh

Shahbaz assures Zubair of changing fate of Karachi, Sindh

Governor Sindh Muhammad Zubair called on Punjab Chief Minister Shahbaz Sharif, here on Friday and discussed different matters of mutual interest as well as political situation in the country. Shahbaz Sharif said "everyone will have to work collectively in
Published 07 Apr, 2018 12:00am
Tax amnesty scheme to help expand tax net: Haroon
Exchange

Tax amnesty scheme to help expand tax net: Haroon

Prime Minister's Assistant on Revenue Haroon Akhter Khan has said that Tax Amnesty Scheme is a big breakthrough and it would help expand tax net. Collection of revenue always remained under pressure due to various reasons. He was speaking at the Lahore Ch
Published 07 Apr, 2018 12:00am
Punjab chalks out plan for reclamation of water-logging hit land

Punjab chalks out plan for reclamation of water-logging hit land

Punjab government has chalked out a four-year plan costing more than Rs 2.14 billion for the promotion of agriculture and prosperity of farmers in the province. Sources in Agriculture department told Business Recorder on Friday that under the plan
Published 07 Apr, 2018 12:00am
FCCI chief voices concern over tax amnesty scheme

FCCI chief voices concern over tax amnesty scheme

Commenting on the newly announced Amnesty Scheme, Shabbir Hussain Chawla, President Faisalabad Chamber of Commerce & Industry (FCCI) said that if the ultimate objective of Amnesty scheme is to further expand the tax net of the country then it is alright a
Published 07 Apr, 2018 12:00am
Hamza pays tributes to Asma Jehangir

Hamza pays tributes to Asma Jehangir

Pakistan Muslim League-Nawaz (PML-N) leader Hamza Shahbaz visited the residence of human rights activist late Asma Jehangir to condole with her family members over the demise of lawyers community leader. Hamza remained there for some time and offered 'fat
Published 07 Apr, 2018 12:00am
Paper prices on the rise

Paper prices on the rise

The price of paper has registered another rise of Rs 12 per kilogram, pushing the total price to Rs 96 per kg in the market, said sources. They said the price of paper has witnessed a total of Rs 18 increase in a short span of time that has given rise the
Published 07 Apr, 2018 12:00am
Punjab budget to carry first permanent finance award: Minister

Punjab budget to carry first permanent finance award: Minister

Punjab Finance Minister Dr Ayesha Ghaus Pasha has said that the Punjab government will announce the first permanent finance award with the next Punjab budget. "The formula of distribution of financial award, based on facts and figures provided by differen
Published 07 Apr, 2018 12:00am
Protests held against Indian atrocities in Faisalabad

Protests held against Indian atrocities in Faisalabad

Traders, industrialists, lawyers, students and civil society members took out protest rallies, staged demonstration and observed Black Day to condemn the recent incident of violence and massacre by Indian occupational forces in held Kashmir here on Friday
Published 07 Apr, 2018 12:00am
RMS holds exhibition to encourage students

RMS holds exhibition to encourage students

Roots Millennium Schools-RMS One World Campus E-11/4, Islamabad organised an International Baccalaureate-IB MYP Personal Project Exhibition last day to provide a framework of learning which encourages students to become creative, critical and reflective t
Published 07 Apr, 2018 12:00am
Vivo unveils all-new 'V9' smartphone

Vivo unveils all-new 'V9' smartphone

Vivo today celebrated the launch of its all-new V9 smartphone at Pearl Continental Hotel Lahore; featuring a FullViewTM Display and 90 percent screen-to-body ratio that delivers AI-powered perfect shots. More than a 1000 people from different walks of lif
Published 07 Apr, 2018 12:00am
Appointment of IIUI president: IHC issues notices

Appointment of IIUI president: IHC issues notices

The Islamabad High Court Friday issued notices to the secretary president of Pakistan and other respondents in a petition challenging the appointment of President International Islamic University Islamabad (IIUI). A single bench of IHC heard a petition ch
Published 07 Apr, 2018 12:00am
Government needs to embark on three-pronged strategy: APTMA
Cotton

Government needs to embark on three-pronged strategy: APTMA

Export driven growth is imperative for creating jobs, reducing current-account deficit and attracting local and foreign direct investment. All Pakistan Textile Mills Association (APTMA) has conducted a series of serious studies and has identified appropri
Published 07 Apr, 2018 12:00am
Use of public funds by ex-ministers: Ministry directed to hold inquiry

Use of public funds by ex-ministers: Ministry directed to hold inquiry

A parliamentary panel on Friday directed the Ministry of Overseas Pakistanis and Human Resources Development to conduct an inquiry on the use of public funds by its then federal and state ministers during 2008-13 over the issue of use of Rs 2.7 million di
Published 07 Apr, 2018 12:00am
Telenor Pakistan, Nokia sign agreement

Telenor Pakistan, Nokia sign agreement

Telenor Pakistan has joined hands with Nokia to modernize and transform its network in order to expand its services to customers. An agreement has been signed between the two companies in this regard and the partnership is expected to assist Telenor Pakis
Published 07 Apr, 2018 12:00am
Palm oil jumps
Exchange

Palm oil jumps

Malaysian palm oil futures surged over 1 percent in evening trade on Friday following Malaysia's announcement that it would extend tax exemptions on crude palm oil (CPO) exports to a fourth straight month in April. The benchmark palm oil contract for June
Published 07 Apr, 2018 12:00am
Oil falls on Trump's latest China trade threats

Oil falls on Trump's latest China trade threats

Oil prices fell about 2 percent on Friday after US President Donald Trump threatened new tariffs on China, reigniting fears of a trade war between the world's two largest economies that could hurt global growth. Trump said on Thursday he had ordered US tr
Published 07 Apr, 2018 12:00am
Gold rises in Europe
Currency

Gold rises in Europe

Gold rose on Friday, erasing earlier losses, after weaker than forecast US payrolls data knocked the dollar lower and as concerns over the prospect of a US-China trade war kept the metal on track for a narrow weekly gain. The US currency fell versus the e
Published 07 Apr, 2018 12:00am
Aluminium rebounds on Rusal sanctions, other metals slip
Exchange

Aluminium rebounds on Rusal sanctions, other metals slip

Aluminium rebounded on Friday after the United States imposed sanctions on allies of President Vladimir Putin and their companies, including Rusal, one of the world's biggest aluminium producers. The US sanctions hit 24 Russians and a range of companies
Published 07 Apr, 2018 12:00am
Aussie, kiwi hold ground
Currency

Aussie, kiwi hold ground

The Australian and New Zealand dollars proved surprisingly resilient on Friday after President Donald Trump doubled down on his tariff tit-for-tat with China, sandbagging US stocks and risk assets in general.
Published 07 Apr, 2018 12:00am
Sterling climbs against dollar
Currency

Sterling climbs against dollar

The pound gained on Friday as the dollar fell after weaker-than-expected data on US job creation and renewed worries about China's reaction to the threat by US President Donald Trump of further tariffs on Chinese goods.
Published 07 Apr, 2018 12:00am
Turkish lira touches record low

Turkish lira touches record low

Turkey's lira slipped to another record low against the dollar on Friday as investors fretted about President Tayyip Erdogan's reported criticism of monetary policy and fresh reports of government efforts to have interest rates reduced.
Published 07 Apr, 2018 12:00am
Most Asian currencies falter
Currency

Most Asian currencies falter

Most Asian currencies were weaker on Friday as US President Donald Trump's latest salvo in his trade standoff with China sapped risk appetite and kept global markets on edge.
Published 07 Apr, 2018 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee ended stronger on Friday on exporter dollar conversions, inward remittances and foreign buying of government securities, as Prime Minister Ranil Wickremesinghe surviving a no-confidence motion earlier this week boosted sentiment, deal
Published 07 Apr, 2018 12:00am
Dollar slips against yen in Asia
Currency

Dollar slips against yen in Asia

The dollar faltered on Friday after US President Donald Trump threatened $100 billion in additional tariffs on China, in a fresh escalation of trade tensions between the world's largest economies.
Published 07 Apr, 2018 12:00am
Le Clos record bid flops as Aussies rule the pool

Le Clos record bid flops as Aussies rule the pool

Chad le Clos's bid to become the Commonwealth Games' most decorated athlete hit the skids on Friday as Australia's gold-medal machine clicked into high gear on Gold Coast. The South African won the 50m butterfly but shortly after stepping off the podium,
Published 07 Apr, 2018 12:00am
Scottish siblings in rare double as Aussie cyclists hit century

Scottish siblings in rare double as Aussie cyclists hit century

Scottish siblings Katie and John Archibald celebrated gold and silver on Friday as hosts Australia reached a landmark 100 Commonwealth Games titles in track cycling. On the second night at Anna Meares Velodrome in Brisbane, Australia stepped up their domi
Published 07 Apr, 2018 12:00am
Cricket Australia defends role in crisis, announces player review

Cricket Australia defends role in crisis, announces player review

Australia's top cricket chiefs Friday ruled out stepping down after a ball-tampering scandal that shocked the nation, saying it was "not the time for a witch-hunt" as a review into player conduct was announced. The sport has been engulfed in one of its bi
Published 07 Apr, 2018 12:00am
Stumbling starts for Spieth, McIlroy as Masters drama resumes

Stumbling starts for Spieth, McIlroy as Masters drama resumes

Jordan Spieth, seeking his fourth major title, and Rory McIlroy, chasing a career Grand Slam, stumbled on the opening hole in Friday's second round of the Masters, where star attraction Tiger Woods had an afternoon start. Fourth-ranked Spieth fired a six-
Published 07 Apr, 2018 12:00am
Nasir Jamshaid to face anti-corruption tribunal

Nasir Jamshaid to face anti-corruption tribunal

Pakistan Cricket Board (PCB) Chairman while exercising powers conferred upon him under the PCB anti corruption code of participants, has referred the case of cricketer Nasir Jamshaid to the Anti-Corruption Tribunal for adjudication. Nasir Jamshaid is faci
Published 07 Apr, 2018 12:00am
Steyn joins Hampshire

Steyn joins Hampshire

South African pace bowler Dale Steyn has signed for Hampshire as he bids to return to fitness following a heel injury that forced him to miss the recent Test series against Australia. The 34-year-old will join the county in June and train ahead of South A
Published 07 Apr, 2018 12:00am
Owners Liberty plan cost cap for Formula One

Owners Liberty plan cost cap for Formula One

Formula One teams heard a challenging vision of a cost-controlled and "Americanised" Formula One when new owners Liberty Media revealed their blueprint for the future on Friday. For the sport's two leading teams, Mercedes and Ferrari, the planned budget c
Published 07 Apr, 2018 12:00am
Nadal wins in first match since January

Nadal wins in first match since January

Rafael Nadal on Friday won his first match since limping out of the Australian Open in January when he beat Germany's Philipp Kohlschreiber in straight sets in the Davis Cup quarter-finals. The world number one Spaniard, who is yet to fully recover from a
Published 07 Apr, 2018 12:00am
Man City were offered United's Pogba in January, says Guardiola
Exchange

Man City were offered United's Pogba in January, says Guardiola

Manchester City were offered the chance to sign Manchester United's Paul Pogba during the January transfer window, according to City manager Pep Guardiola. "I said no. We don't have the money to buy Pogba because he is so expensive," Guardiola told report
Published 07 Apr, 2018 12:00am
Oceania football chief quits unexpectedly

Oceania football chief quits unexpectedly

Oceania Football Confederation president David Chung of Papua New Guinea announced his immediate resignation Friday for "personal reasons". Chung's term still had 10 months to run and a brief statement from OFC provided no further details around the 55-ye
Published 07 Apr, 2018 12:00am
Winter Olympics legend Bjorgen calls it quits

Winter Olympics legend Bjorgen calls it quits

Norwegian cross-country skiing superstar Marit Bjorgen, who won an eighth gold medal at last month's Winter Olympics, announced her impending retirement on Friday. "I don't feel I have the motivation required to give 100 percent for another season, that's
Published 07 Apr, 2018 12:00am
Sports betting fuelling online Spanish boom: gambling experts

Sports betting fuelling online Spanish boom: gambling experts

The fast-growing Spanish online gaming and betting market could soon be worth a billion euros a year, with experts predicting plenty of room for growth in the booming sector. Online betting figures for 2017 show gross gaming revenue for sports and casino
Published 07 Apr, 2018 12:00am
Panama orders Venezuela envoy out, Caracas suspends flights

Panama orders Venezuela envoy out, Caracas suspends flights

Panama on Thursday ordered Venezuela's ambassador out and recalled its own envoy to the country as Caracas imposed sanctions on senior Panamanian officials and suspended flights in an escalating diplomatic row.
Published 07 Apr, 2018 12:00am
Trump to again snub White House correspondents' dinner

Trump to again snub White House correspondents' dinner

Donald Trump will again snub the annual White House correspondents' dinner, organizers said Friday, amid sustained attacks by the president on US media. While other members of his administration are expected to attend the dinner in Washington on April 28,
Published 07 Apr, 2018 12:00am
Americans becoming more politically active: poll

Americans becoming more politically active: poll

Driven mainly by opposition to President Donald Trump, Americans have become increasingly politically active over the past two years, according to a poll published on Friday. One out of five Americans has taken part in a political protest or rally since t
Published 07 Apr, 2018 12:00am
Japan anime giant Takahata dies

Japan anime giant Takahata dies

Oscar-nominated Japanese anime director Isao Takahata, who co-founded Studio Ghibli and was best known for his work "Grave of the Fireflies", has died aged 82, the studio said on Friday. The winner of many awards domestically and internationally, Takahata
Published 07 Apr, 2018 12:00am
Air strikes return to Syria's Ghouta killing 32

Air strikes return to Syria's Ghouta killing 32

Deadly air strikes slammed into the last opposition-held town in Syria's Eastern Ghouta on Friday, killing 32 civilians in the first bombardment since talks sputtered over a rebel withdrawal. Backed by Russia, Syrian troops had captured nearly all of the
Published 07 Apr, 2018 12:00am
Sarajevo cable car reopens 26 years after siege start

Sarajevo cable car reopens 26 years after siege start

Sarajevo cable car reopened Friday, 26 years after it was destroyed at the start of the city's 1990s bloody siege, as the last reconstructed symbol of the Bosnian capital. Hundreds of Sarajevans rushed on a sunny spring day to enjoy a breathtaking view fr
Published 07 Apr, 2018 12:00am
Malaysian PM announces dissolution of parliament

Malaysian PM announces dissolution of parliament

Malaysian Prime Minister Najib Razak Friday announced the dissolution of parliament for a general election that will pose one of the sternest-ever tests for his ruling coalition, due to a massive financial scandal and a challenge from former leader Mahath
Published 07 Apr, 2018 12:00am
'Millions' of duplicates on DR Congo vote register: watchdog

'Millions' of duplicates on DR Congo vote register: watchdog

Millions of duplicates have been found among people registered to vote in Democratic Republic of Congo elections slated for December, the head of the country's electoral commission told AFP Thursday. "We were able to register around 46 million voters," Co
Published 07 Apr, 2018 12:00am
China enforces ban on online Bible sales

China enforces ban on online Bible sales

Bibles have been pulled from Chinese online retailers in "recent days", merchants told AFP on Friday, as Communist authorities ramp up control over religious worship. The clamp down on "illegally published books" also comes as the Vatican and Beijing nego
Published 07 Apr, 2018 12:00am
Canadian economy adds jobs in March as full-time hiring jumps

Canadian economy adds jobs in March as full-time hiring jumps

The Canadian economy added more jobs than expected last month, driven by hiring in construction and a recovery in full-time positions, data showed on Friday, though economists still expect the central bank to take its time raising interest rates again.
Published 07 Apr, 2018 12:00am
Italy probing Eni corruption in Congo

Italy probing Eni corruption in Congo

Italy's scandal-hit energy giant Eni said on Friday it was being probed by the Italian authorities for suspected corruption in Republic of Congo. The daily Corriere Della Sera reported that Eni was being investigated over payment of suspected bribes when
Published 07 Apr, 2018 12:00am
Uganda's economy must grow 7 percent to service rising debt

Uganda's economy must grow 7 percent to service rising debt

Uganda's economy needs to grow at least 7 percent a year for the next few years, up from an average 4.5 percent for the last five years, to service the rapidly growing public debt, a central bank official told Reuters on Friday. The public debt climbed to
Published 07 Apr, 2018 12:00am
Walmart completes due diligence for buying into India's Flipkart

Walmart completes due diligence for buying into India's Flipkart

Walmart completed a thorough due diligence process on e-commerce firm Flipkart this week, two sources said, as the US retail giant looks to take a controlling stake of 51 percent or more in the Indian company. Walmart has already floated a shareholder agr
Published 07 Apr, 2018 12:00am
Netflix offering more than $300 million for billboard company

Netflix offering more than $300 million for billboard company

Netflix Inc is attempting its largest acquisition, offering more than $300 million to acquire a company that owns billboards across Los Angeles, including West Hollywood's famed Sunset Strip, according to people familiar with the matter.
Published 07 Apr, 2018 12:00am
Watchdog says big German banks should not merge

Watchdog says big German banks should not merge

Germany's big banks should not merge, the country's top banking supervisor said in an interview with newspaper Handelsblatt. Such a step would not fix the banks' weak earnings and would risk creating an institution that is too big to fail, Raimund Roesele
Published 07 Apr, 2018 12:00am
UK car sales slide for twelfth month

UK car sales slide for twelfth month

New car sales in Britain fell for a 12th month in March, as demand for diesel vehicles slumped further, this time by more than one third, industry data showed Thursday. New registrations for all vehicles sank 15.7 percent in March year-on-year to 474,069
Published 07 Apr, 2018 12:00am
UK diesel sales slump by more than a third in key selling month March

UK diesel sales slump by more than a third in key selling month March

Demand for new diesel cars in Britain nosedived by more than a third in March, generally the top selling month of the year, pushing down total registrations by 15.7 percent, in a further blow to the segment which faces levies and bans worldwide.
Published 07 Apr, 2018 12:00am
Polish ministers to give up bonuses amid public outcry

Polish ministers to give up bonuses amid public outcry

Ministers in Poland's right-wing government are to donate their generous bonuses to charity while lawmakers face a pay cut, the ruling PiS party said Thursday amid plunging poll numbers. Media revelations that the ministers of the Law and Justice (PiS) pa
Published 07 Apr, 2018 12:00am
Cyclicals suffer as new Trump tariff threat hits FTSE 100

Cyclicals suffer as new Trump tariff threat hits FTSE 100

The latest salvo in a trade row between the US and China weighed on Britain's FTSE 100 on Friday, though the damage was limited as mining and bank stocks fell while utilities made gains. President Donald Trump upped the ante by directing US officials to c
Published 07 Apr, 2018 12:00am
South East Asian markets: Singapore, Vietnam extend gains

South East Asian markets: Singapore, Vietnam extend gains

Singapore shares rose on Friday, building on the previous session's strong gains, while the Philippines fell sharply to its lowest close in nearly two weeks. Asian shares outside Japan were marginally firmer, after trading down earlier in the session as U
Published 07 Apr, 2018 12:00am
Sri Lankan stocks lower

Sri Lankan stocks lower

Sri Lankan shares slipped on Friday from their highest close in a week hit in the previous session, led by blue-chip stocks with the day's turnover slumping to a 15-week low ahead of the traditional Sinhala-Tamil New Year later next week, brokers said. Th
Published 07 Apr, 2018 12:00am
European shares close in the red as trade war fears persist

European shares close in the red as trade war fears persist

European shares fell on Friday alongside global stock markets as fears of a worsening trade conflict between the United States and China continued to worry investors. The pan-European STOXX 600 declined 0.35 percent, erasing part of Thursday's 2.4 percent
Published 07 Apr, 2018 12:00am
Indian shares soar

Indian shares soar

Indian indexes ended slightly higher on Friday, led by gains in stocks such as Lupin Ltd, but broader gains were capped as sentiment was subdued following US President Donald Trump's proposal to impose more tariffs on China. The broader NSE index closed u
Published 07 Apr, 2018 12:00am
Australian shares steady; New Zealand up

Australian shares steady; New Zealand up

Australian shares ended effectively flat on Friday with investors holding positions as they now await China's response to US President Donald Trump's newly proposed tariff plan. Trump instructed trade officials on Thursday to consider a $100 billion of ta
Published 07 Apr, 2018 12:00am
Hong Kong stocks up

Hong Kong stocks up

Hong Kong shares rose on Friday, catching up to global market gains in the previous session, but the threat of fresh US tariffs against China capped gains and prompted investors to switch to sectors seen as less exposed to the worsening trade dispute. The
Published 07 Apr, 2018 12:00am
Treasury yields climb

Treasury yields climb

US Treasury yields rose to one-week highs on Thursday as investors piled back into equities as reduced fears of a trade war drove up the appetite for risk, and ahead of Friday's closely watched employment report for March. World stocks rose as the United
Published 07 Apr, 2018 12:00am
Treasury yields climb

Treasury yields climb

US Treasury yields rose to one-week highs on Thursday as investors piled back into equities as reduced fears of a trade war drove up the appetite for risk, and ahead of Friday's closely watched employment report for March. World stocks rose as the United
Published 07 Apr, 2018 12:00am
Canada's main index rebounds
Exchange

Canada's main index rebounds

Canada's main stock index rebounded on Thursday from a nearly eight-week low the day before, as ebbing trade tensions helped boost energy and financial shares. The Toronto Stock Exchange's S&P/TSX composite index closed up 191.68 points, or 1.26 percent,
Published 07 Apr, 2018 12:00am
Wall Street posts third day of gains as trade fears ease
Kerb

Wall Street posts third day of gains as trade fears ease

The Dow and the S&P 500 posted gains for a third day in a row on Thursday, the longest streak in about a month, as investors' worries of an escalating trade conflict between the United States and China eased and their focus on upcoming earnings grew. The
Published 07 Apr, 2018 12:00am
Tokyo stocks down
Exchange

Tokyo stocks down

Tokyo stocks fell Friday giving up earlier gains in thin trading, with traders eyeing a new volley of US-China trade war rhetoric and waiting for crucial US jobs data. The benchmark Nikkei 225 index lost 0.36 percent, or 77.90 points, to close at 21,567.5
Published 07 Apr, 2018 12:00am
Shares of Russian companies hit by new sanctions plummet
Exchange

Shares of Russian companies hit by new sanctions plummet

Shares in some Russian companies targeted by new US sanctions plummeted on Friday, but the broader market and rouble showed little reaction to the new round of geopolitical tensions. The United States imposed sanctions against Russian businessmen, compani
Published 07 Apr, 2018 12:00am
US job gains smallest in six months, wage growth firming

US job gains smallest in six months, wage growth firming

The US economy created the fewest jobs in six months in March as the boost from mild temperatures faded, but a pickup in wage gains pointed to a tightening labour market, which should allow the Federal Reserve to further raise interest rates this year.
Published 07 Apr, 2018 12:00am
UK rolls out sugar tax

UK rolls out sugar tax

Britain on Friday joined France, Norway and Mexico in rolling out a sugar tax on soft drinks in an attempt to tackle obesity and tooth decay in children. Drinks containing five grammes of sugar per 100 ml will face a lower rate of 18 pence ($0.25, 0.21 eu
Published 07 Apr, 2018 12:00am
UK rolls out sugar tax

UK rolls out sugar tax

Britain on Friday joined France, Norway and Mexico in rolling out a sugar tax on soft drinks in an attempt to tackle obesity and tooth decay in children. Drinks containing five grammes of sugar per 100 ml will face a lower rate of 18 pence ($0.25, 0.21 eu
Published 07 Apr, 2018 12:00am
UK productivity picks up strongly

UK productivity picks up strongly

Britain recorded its strongest productivity growth in more than a decade in the second half of 2017, helped by a strong fourth quarter, but economists said the improvement was unlikely to prove a turning point for one of the economy's key weak spots.
Published 07 Apr, 2018 12:00am
Tanzania president inaugurates wall around gem mines

Tanzania president inaugurates wall around gem mines

Tanzanian President John Magufuli on Friday inaugurated a 24-kilometre (15-mile) around the country's tanzanite mines to prevent smuggling of the precious violet-blue stones, which are unique to the East African country.
Published 07 Apr, 2018 12:00am
German carmakers worst hit by China tariffs

German carmakers worst hit by China tariffs

German carmakers with big US operations like BMW and Mercedes-Benz maker Daimler would be worse hit by proposed Chinese import tariffs than American auto firms, a study has found.
Published 07 Apr, 2018 12:00am
Lebanon wins pledges exceeding $11 billion in Paris

Lebanon wins pledges exceeding $11 billion in Paris

Lebanon won aid pledges exceeding $11 billion on Friday at a Paris conference aimed at rallying international support for an investment programme to boost its economy, French President Emmanuel Macron said. The pledges include $10.2 billion in loans and $
Published 07 Apr, 2018 12:00am
Danske Bank picks new CFO, changes organisation

Danske Bank picks new CFO, changes organisation

Danske Bank has hired Christian Baltzer from insurer Tryg as its new chief financial officer and said it would reorganise its personal and business banking divisions.
Published 07 Apr, 2018 12:00am
Asian naphtha cracks fall on strong demand

Asian naphtha cracks fall on strong demand

Asia's naphtha crack slipped 2 cents to a three-session low of $89.08 a tonne but spot premiums for open-specification and heavy full-range grades stayed strong on firm demand and squeezed supplies. South Korea's Hanwha Total bought heavy full-range napht
Published 07 Apr, 2018 12:00am
CBOT corn futures fall

CBOT corn futures fall

Chicago Board of Trade corn futures fell on Wednesday after China announced plans to impose import duties on key US commodities including corn and soyabeans. CBOT May corn settled down 7-1/2 cents at $3.81 per bushel. The benchmark contract fell through s
Published 07 Apr, 2018 12:00am
Cotton prices fall on slow business
Cotton

Cotton prices fall on slow business

Prices slid on the cotton market on Friday mills preferred to import instead of purchasing local commodity, dealers said. The official spot rate was unchanged at Rs 7300, they added. In both Sindh and Punjab, seed cotton prices were at Rs 2800-3100, they
Published 07 Apr, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 112,673 tonnes of cargo comprising 62,028 tonnes of import cargo and 50,645 tonnes of export cargo including 4,517 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 62,0
Published 07 Apr, 2018 12:00am
European gasoline margins slip on rising supplies

European gasoline margins slip on rising supplies

Gasoline refining margins declined on Wednesday on concerns over rising supplies in the region as more fuel was being stored on ships. US gasoline stocks fell last week by 1.1 million barrels, compared with analysts' expectations in a Reuters poll for a 1
Published 07 Apr, 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 was mostly easier on Wednesday despite gains in Malaysian palm oil futures on the back of expectations of smaller Malaysian palm oil ending stocks in March. The cash market was pressured by sharp losses in CB
Published 07 Apr, 2018 12:00am
Euronext wheat prices mixed on US-China trade row
Exchange

Euronext wheat prices mixed on US-China trade row

Euronext wheat prices were mixed on Wednesday as traders set worries about Chinese plans to raise import duties on US crops against adverse weather for US wheat and transport snags caused by a rail strike in France. Beijing rattled grain and other markets
Published 07 Apr, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,348. The traded value of Metals, Energy and COTS/FX was recorded at PKR 8.278 billion and the number of lots traded was 10,548.
Published 07 Apr, 2018 12:00am
The cost of shame

The cost of shame

Andleeb AbbasThe ability to be ashamed is human. There is so much written on how when this feeling is numbed the difference between humans and animals disappears. As they say to err is human but to keep on erring is inhuman. To make mistakes and not learn
Published 07 Apr, 2018 12:00am
Out of this world: Inside Japan's space colony centre

Out of this world: Inside Japan's space colony centre

A newly created Space Colony Research centre led by Japan's first female astronaut is bringing cutting-edge technology to bear on one of mankind's greatest questions: Can we live in space? Tucked away in high-tech laboratories at the Tokyo University of S
Published 07 Apr, 2018 12:00am
Humanity imperiled by abuse of life-giving Nature

Humanity imperiled by abuse of life-giving Nature

Humanity is risking its own well-being by over-harvesting and harming Nature's bounty, said a comprehensive survey that warned animal and plant species were in decline in every world region.
Published 07 Apr, 2018 12:00am
The sorry state of Earth's species, in numbers

The sorry state of Earth's species, in numbers

As the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) prepares to unveil a thorough diagnosis of the health of Earth's plant and animal species, this is what we already know:
Published 07 Apr, 2018 12:00am
ART FACTS: Colours of rhythm

ART FACTS: Colours of rhythm

The surrealistic world of Dr Syed Ali Wasif reflected his mentor the legendary artist Sadequain. The guidance and influence of his teacher make him fell deeply in love with the medium. He got inspired by variety of things and situations and being a psychi
Published 07 Apr, 2018 12:00am
Within the lines

Within the lines

Muzzumil Ruheel consider himself 'a story teller who continuously questions' hence all of his paintings asked various questions but their answers were left to be found out by the viewers. He translated his feelings, experiences and observations in his art
Published 07 Apr, 2018 12:00am
War gives sense of urgency to collaboration between two Syrian artists

War gives sense of urgency to collaboration between two Syrian artists

One is the grandson of an Armenian troubadour who fled to Syria in 1915. The other is a descendant of a Syrian army chief who died fighting the French in 1920. One hails from Aleppo, the other from Damascus. Both Syrian artists call New York, where they m
Published 07 Apr, 2018 12:00am
Animals rights groups scent blood as fashion labels go fur-free

Animals rights groups scent blood as fashion labels go fur-free

Is this the beginning of the end for fur? With more and more fashion houses going fur-free, San Francisco banning fur sales in the city and British MPs considering outlawing all imports of pelts after Brexit, the signs do not seem good for the industry. A
Published 07 Apr, 2018 12:00am
Spielberg revisits 1980s heyday in 'Ready Player One'

Spielberg revisits 1980s heyday in 'Ready Player One'

He tugged at heartstrings with "E.T." and "War Horse," played on our deepest fears in "Jaws" and amped up the Cold War paranoia in "Bridge of Spies." Now Steven Spielberg is returning to his favorite target - the adrenal gland - with the release of "Ready
Published 07 Apr, 2018 12:00am
Joshua Leonard: Hollywood's go-to guy for daring movie-making

Joshua Leonard: Hollywood's go-to guy for daring movie-making

Ever since Joshua Leonard helped reinvent indie filmmaking as a star of found-footage pioneer "The Blair Witch Project," he has been something of a go-to guy for groundbreaking, no-budget cinema. Two decades on he's at it again, in an acclaimed but deeply
Published 07 Apr, 2018 12:00am
BRIDGE NOTE: 'Table up'

BRIDGE NOTE: 'Table up'

Bridge hands are not only interesting informative but are useful in imparting some finer techniques both in the play and defense of the hands. Today's illustration is a classic example of being a lesson for both the declarer and the defenders.
Published 07 Apr, 2018 12:00am
'Chappaquiddick' retells scandal that changed America

'Chappaquiddick' retells scandal that changed America

US Senator Edward Kennedy went to his death in 2009 haunted by his role in the drowning of a young woman 40 years earlier after he crashed their car. The accident at a bridge on Chappaquiddick Island, an upscale resort off Cape Cod, Massachusetts, indelib
Published 07 Apr, 2018 12:00am
State Bank of Pakistan conversion rates
Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 07 Apr, 2018 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 07 Apr, 2018 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (April 06, 2018).

Published 07 Apr, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (April 06, 2018).
Published 07 Apr, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (April 06, 2018).

Published 07 Apr, 2018 12:00am
Deadline for Lula to surrender for prison expires

Deadline for Lula to surrender for prison expires

Ex-president Luiz Inacio Lula da Silva, the controversial frontrunner in Brazil's October presidential election, ignored a deadline Friday to surrender and start a 12-year prison sentence for corruption. Lula was ordered to surrender by 5:00 pm (2000 GMT)
Published 07 Apr, 2018 12:00am
Deadline for Lula to surrender for prison expires

Deadline for Lula to surrender for prison expires

Ex-president Luiz Inacio Lula da Silva, the controversial frontrunner in Brazil's October presidential election, ignored a deadline Friday to surrender and start a 12-year prison sentence for corruption. Lula was ordered to surrender by 5:00 pm (2000 GMT)
Published 07 Apr, 2018 12:00am
40,000 tons of wheat gifted to Afghanistan
Exchange

40,000 tons of wheat gifted to Afghanistan

Prime Minister Shahid Khaqan Abbasi, in a goodwill gesture on Friday, announced the waiver of additional regulatory duty on Afghan exports to Pakistan to help lift the economy of war-torn Afghanistan, besides gifting 40,000 tons of wheat for the Afghan pe
Published 07 Apr, 2018 12:00am
40,000 tons of wheat gifted to Afghanistan
Exchange

40,000 tons of wheat gifted to Afghanistan

Prime Minister Shahid Khaqan Abbasi, in a goodwill gesture on Friday, announced the waiver of additional regulatory duty on Afghan exports to Pakistan to help lift the economy of war-torn Afghanistan, besides gifting 40,000 tons of wheat for the Afghan pe
Published 07 Apr, 2018 12:00am
40,000 tons of wheat gifted to Afghanistan
Exchange

40,000 tons of wheat gifted to Afghanistan

Prime Minister Shahid Khaqan Abbasi, in a goodwill gesture on Friday, announced the waiver of additional regulatory duty on Afghan exports to Pakistan to help lift the economy of war-torn Afghanistan, besides gifting 40,000 tons of wheat for the Afghan pe
Published 07 Apr, 2018 12:00am
Budget 2018-19: absence of full LSM data to blur GDP figure

Budget 2018-19: absence of full LSM data to blur GDP figure

The government's ability to present a realistic budget on April 27, the date scheduled by Special Advisor to the Prime Minister on Finance, Revenue and Economic Affairs Dr Miftah Ismail, may not be possible with only seven-month data for large-scale manuf
Published 07 Apr, 2018 12:00am
Budget 2018-19: absence of full LSM data to blur GDP figure

Budget 2018-19: absence of full LSM data to blur GDP figure

The government's ability to present a realistic budget on April 27, the date scheduled by Special Advisor to the Prime Minister on Finance, Revenue and Economic Affairs Dr Miftah Ismail, may not be possible with only seven-month data for large-scale manuf
Published 07 Apr, 2018 12:00am
Budget 2018-19: absence of full LSM data to blur GDP figure

Budget 2018-19: absence of full LSM data to blur GDP figure

The government''s ability to present a realistic budget on April 27, the date scheduled by Special Advisor to the Prime Minister on Finance, Revenue and Economic Affairs Dr Miftah Ismail, may not be possible with only seven-month data for large-scale manu
Published 07 Apr, 2018 12:00am
Budget 2018-19: absence of full LSM data to blur GDP figure

Budget 2018-19: absence of full LSM data to blur GDP figure

The government''''s ability to present a realistic budget on April 27, the date scheduled by Special Advisor to the Prime Minister on Finance, Revenue and Economic Affairs Dr Miftah Ismail, may not be possible with only seven-month data for large-scale ma
Published 07 Apr, 2018 12:00am
Growth may remain below 6 percent target
Cotton

Growth may remain below 6 percent target

GDP growth will be higher than previous year but is likely to remain slightly below the target of 6 percent at the end of this fiscal year (FY18), mainly due to dismal performance of agricultural sector, said the State Bank of Pakistan (SBP) in its second
Published 07 Apr, 2018 12:00am
Growth may remain below 6 percent target
Cotton

Growth may remain below 6 percent target

GDP growth will be higher than previous year but is likely to remain slightly below the target of 6 percent at the end of this fiscal year (FY18), mainly due to dismal performance of agricultural sector, said the State Bank of Pakistan (SBP) in its second
Published 07 Apr, 2018 12:00am
Growth may remain below 6 percent target
Cotton

Growth may remain below 6 percent target

GDP growth will be higher than previous year but is likely to remain slightly below the target of 6 percent at the end of this fiscal year (FY18), mainly due to dismal performance of agricultural sector, said the State Bank of Pakistan (SBP) in its second
Published 07 Apr, 2018 12:00am
PIA: PC invites fresh EoI

PIA: PC invites fresh EoI

Privatisation Commission has invited a fresh expression of interest (EOI) from Financial Consultant for a period of six months for the privatization of Pakistan International Airlines (PIA). Sources said to proceed ahead with the privatization of PIACL, P
Published 07 Apr, 2018 12:00am
PIA: PC invites fresh EoI

PIA: PC invites fresh EoI

Privatisation Commission has invited a fresh expression of interest (EOI) from Financial Consultant for a period of six months for the privatization of Pakistan International Airlines (PIA). Sources said to proceed ahead with the privatization of PIACL, P
Published 07 Apr, 2018 12:00am
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