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Archive - 2018-04-13
Cars growth going steady
Automobile

Cars growth going steady

The car segment within the automotive industry is having a decent run. In 9MFY18, the segment grew by 22 percent year on
Published 13 Apr, 2018 06:16am
'ExD, SAP outline future of innovation in business'

'ExD, SAP outline future of innovation in business'

SAP NOW event was held under the aegis of Excellence Delivered (ExD) in partnership with SAP to highlight new strategies that are a part of the SAP 2020 vision. The participants highlighted relevance of SAP to the landscape of Pakistan. At the event at a
Published 13 Apr, 2018 12:00am
Opposition voices concern over frequent load-shedding in Karachi

Opposition voices concern over frequent load-shedding in Karachi

The opposition in the National Assembly expressed its serious concern on Thursday over prolonged power outages in Karachi and the members of Muttahida Qaumi Movement (MQM) staged a walkout from the House in protest against hours-long load-shedding. Leader
Published 13 Apr, 2018 12:00am
ANF seizes drugs, acetic anhydride worth Rs 1.25 billion in 27 strikes

ANF seizes drugs, acetic anhydride worth Rs 1.25 billion in 27 strikes

The Anti Narcotics Force Pakistan seized 1.091 tons narcotics and 1,625 litres Acetic Anhydride valuing Rs 1.25 billion internationally, arrested 27 persons including two women involved in drug smuggling and impounded seven vehicles while conducting 27 co
Published 13 Apr, 2018 12:00am
Names short-listed for appointment of PEMRA chief draw SC's ire

Names short-listed for appointment of PEMRA chief draw SC's ire

The Supreme Court on Thursday expressed displeasure over the persons short-listed for the appointment of chairman Pakistan Electronic Media Regulatory Authority (PEMRA). A three-judge bench, headed by Chief Justice Mian Saqib Nisar, was hearing a suo motu
Published 13 Apr, 2018 12:00am
PTCL's revenue grows by 4 percent to Rs 30 billion in Q1
Currency

PTCL's revenue grows by 4 percent to Rs 30 billion in Q1

Pakistan Telecommunication Company Limited (PTCL) Group's revenue for the 1st quarter 2018 has grown year on year by 4 percent to Rs30 billion compared to Rs28.827 billion during the same period of 2017. The financial results for the quarter ended on Marc
Published 13 Apr, 2018 12:00am
PTCL's revenue grows by 4 percent to Rs 30 billion in Q1
Currency

PTCL's revenue grows by 4 percent to Rs 30 billion in Q1

Pakistan Telecommunication Company Limited (PTCL) Group's revenue for the 1st quarter 2018 has grown year on year by 4 percent to Rs30 billion compared to Rs28.827 billion during the same period of 2017. The financial results for the quarter ended on Marc
Published 13 Apr, 2018 12:00am
Transactions in millions: FBR seeks bank details of citizens

Transactions in millions: FBR seeks bank details of citizens

The Federal Board of Revenue (FBR) has sought bank record of citizens doing transactions worth millions of rupees over the last five years, said sources. They said the step has been taken to broaden the tax base and brining the unregistered persons under
Published 13 Apr, 2018 12:00am
Agro products export: TDAP organises event to create awareness

Agro products export: TDAP organises event to create awareness

To create awareness among exporters of agro products for UAE market, Trade Development Authority of Pakistan (TDAP) organized a three-day event 'Initiative Program to Control Food from the Source" in collaboration with the Agriculture Market Development (
Published 13 Apr, 2018 12:00am
GSMA launches Mobile Money Certification

GSMA launches Mobile Money Certification

At the Mobile 360 - West Africa event, the GSMA announced the launch of the GSMA Mobile Money Certification, a global scheme for mobile money providers to offer safer, more transparent and more resilient financial services to millions of mobile money user
Published 13 Apr, 2018 12:00am
Over 42 percent development funds provided to Southern Punjab: Shahbaz

Over 42 percent development funds provided to Southern Punjab: Shahbaz

Punjab Chief Minister Shahbaz Sharif Thursday said that Southern Punjab has moved on the road to genuine development while the PML-N government is bringing a 'genuine revolution' for the prosperity of the people and national development in the country.
Published 13 Apr, 2018 12:00am
PTI opposes presentation of budget by PML-N government

PTI opposes presentation of budget by PML-N government

Pakistan Tehreek-e-Insaf (PTI) said on Thursday that it is deplorable that the incumbent government, which is going to complete its term shortly, is bent upon presenting fiscal budget for the next financial year which is not its mandate. The party's Centr
Published 13 Apr, 2018 12:00am
OASIS calls for appointing anti-dumping tribunal
Currency

OASIS calls for appointing anti-dumping tribunal

The Organization for Advancement and Safeguard of Industrial Sector (OASIS) - the representative body of domestic industries/sectors has requested federal government to immediately appoint permanent Chairman and Members of Anti-dumping Appellate Tribunal
Published 13 Apr, 2018 12:00am
PWD devising plan to save endangered birds, animals species

PWD devising plan to save endangered birds, animals species

The Punjab Wildlife Department (PWD) has decided to devise a management plan to save different species of birds and animals near extinction and restoration of their safe habitats in the province. Whole department will be revamped and sections of Punjab Wi
Published 13 Apr, 2018 12:00am
There is no economic crisis, Senate told
Exchange

There is no economic crisis, Senate told

The government Thursday held out a categorical assurance to the Senate that there is no economic crisis and again offered the opposition again to sit for thrashing out a charter of economy, though the timing of the offer was questioned by Opposition Leade
Published 13 Apr, 2018 12:00am
Steps being taken to resolve journalists' problems: Marriyum

Steps being taken to resolve journalists' problems: Marriyum

Minister of State for Information and Broadcasting, Marriyum Aurangzeb has said that the federal government is aware of problems of media persons and has already taken measures to resolve them. Talking to office-bearers of Chitral Press Club in Islamabad,
Published 13 Apr, 2018 12:00am
Liaison between academia, industry most vital factor: Zubair

Liaison between academia, industry most vital factor: Zubair

Sindh Governor Muhammad Zubair said that liaison between academia and industry is the most important factor that helps teachers and students keep themselves well-informed about development of industrial sector and use of new technology there. He expressed
Published 13 Apr, 2018 12:00am
Advance fuel farm facility built at NIIAP

Advance fuel farm facility built at NIIAP

An advance fuel farm facility, worth Rs1.6 billion, has been constructed at New Islamabad International Airport (NIIAP) to cater for jet fuel requirements of international and domestic flights. The facility is a joint venture of Pakistan State Oil (PSO) a
Published 13 Apr, 2018 12:00am
Government urged to announce policy for export of surplus wheat
Exchange

Government urged to announce policy for export of surplus wheat

Flour millers have urged the government to announce a policy for export of two million tonnes of surplus wheat annually through sea and land route in line with the international prices. They said it would help run closed industrial units besides disposal
Published 13 Apr, 2018 12:00am
NA passes Prevention of Smuggling of Migrants Bill 2018

NA passes Prevention of Smuggling of Migrants Bill 2018

National Assembly Thursday passed 'The Prevention of Smuggling of Migrants Bill, 2018' with majority vote. The Pakistan Muslim League-Nawaz (PML-N) government also laid 'Protection of Economic Reforms (Amendment) Ordinance, 2018' and 'Anti-terrorism (Amen
Published 13 Apr, 2018 12:00am
ET & NC recovers Rs 47.206 billion in 9MCY
Cotton

ET & NC recovers Rs 47.206 billion in 9MCY

Provincial minister for Excise and Taxation & Narcotics Control Mukesh Kumar Chawla has said that during current fiscal year in nine months from July 2017 to March 2018, Sindh Excise Department has recovered Rs47.206 billions in term of various taxes whil
Published 13 Apr, 2018 12:00am
NADRA office in Pretoria closed

NADRA office in Pretoria closed

In compliance with the Supreme Court of Pakistan, National Registration Center, Pretoria (NADRA office) has been closed with immediate effect until further orders. The members of Pakistan community in South Africa and countries of accreditation of this mi
Published 13 Apr, 2018 12:00am
'Roadworthiness of commercial vehicles must be checked annually'

'Roadworthiness of commercial vehicles must be checked annually'

Professor Dr Raza Mehdi of Department of Urban and Infrastructure Engineering of NED University of Engineering & Technology has said that commercial vehicles should go through fitness system to check their roadworthiness on annual basis without fail to cu
Published 13 Apr, 2018 12:00am
NAB distributes cheques worth Rs 38.450 million

NAB distributes cheques worth Rs 38.450 million

A cheque distribution ceremony was held on Thursday at NAB Karachi office in an austere and simple manner in which Deputy Chairman NAB Imtiaz Tajwar in presence of DG NAB Karachi Mohammad Altaf Bawany distributed cheques amongst the representatives of var
Published 13 Apr, 2018 12:00am
Tasnim Aslam, Jenca discuss regional peace & security situation
Exchange

Tasnim Aslam, Jenca discuss regional peace & security situation

Special Secretary (UN&EC/SCO) Tasnim Aslam Thursday received the UN Assistant Secretary General for Political Affairs, Morislav Jenca at the Ministry of Foreign Affairs. The two sides exchanged views on regional peace & security situation. Special Secreta
Published 13 Apr, 2018 12:00am
PSO to extend non-fuel retail business services nationwide

PSO to extend non-fuel retail business services nationwide

Pakistan State Oil has announced to extend non-fuel retail business services to its customers at PSO's retail outlets nationwide. On Thursday, during inaugural ceremony of fuel farm facility at New Islamabad International Airport, Managing Director PSO Sh
Published 13 Apr, 2018 12:00am
Model Town incident: 116 police officials indicted

Model Town incident: 116 police officials indicted

An anti-terrorism court on Thursday indicted 116 police officials in a complaint of Idara Minhajul Quran a sister organization of Pakistan Awami Tehreek (PAT) for Model Town killing incident. At least 14 persons were killed and over 100 injured during the
Published 13 Apr, 2018 12:00am
FBR picks 44,868 cases for audit on parametric basis

FBR picks 44,868 cases for audit on parametric basis

After excluding salaried class from audit exercise, the Federal Board of Revenue (FBR) Thursday selected 44,868 cases of income tax, sales tax and federal excise duty for audit through computer balloting on the basis of certain parameters. At the FBR Hous
Published 13 Apr, 2018 12:00am
Eighth convocation of Wah Medical College held

Eighth convocation of Wah Medical College held

The 8th Convocation of Wah Medical College was held on Thursday, 12th April' 2018 in the Auditorium of Wah Medical College, Wah Cantt. Lieutenant General Sadiq Ali, HI(M) Chairman POF Board was the Chief Guest on this occasion while Professor Dr Wasim Ud
Published 13 Apr, 2018 12:00am
CAP for exempting import of construction equipment, machinery

CAP for exempting import of construction equipment, machinery

Constructors Association of Pakistan (CAP) has called for exempting the import of construction equipment, machinery and formworks system including plywood for formwork from advance sales tax at 17 percent and additional sales tax at three percent.
Published 13 Apr, 2018 12:00am
OPC, ACE coordinating to settle issues of expats

OPC, ACE coordinating to settle issues of expats

Commissioner Overseas Pakistanis Commission (OPC) Punjab Afzaal Bhatti has said that OPC and Anti-Corruption Establishment (ACE) are coordinating with each other to resolve the problems of Overseas Pakistanis. He was presiding over a meeting to review the
Published 13 Apr, 2018 12:00am
DC pays surprise visits to government schools

DC pays surprise visits to government schools

Deputy Commissioner Lahore Sumair Ahmed Syed on Thursday paid surprise visits to government schools and Basic Health Unit of Patana village to check different facilities. He was accompanied by DMO Lahore Abid Shaukat and officers of Lahore Education Autho
Published 13 Apr, 2018 12:00am
Zardari vows to further improve Fata Bill after elections

Zardari vows to further improve Fata Bill after elections

Former President Asif Ali Zardari on Thursday said that the Pakistan People's Party will stand by the people of tribal areas in their struggle for extending jurisdiction of superior courts to tribal areas, merging it with the province of Khyber Pukhtunkhw
Published 13 Apr, 2018 12:00am
Need for setting up Trauma Care Centre stressed

Need for setting up Trauma Care Centre stressed

Centre for Public Policy and Governance (CPPG), Forman Christian College (A Chartered University) held a workshop on the Feasibility of Setting up a Trauma Care Centre (for the Victims of Terrorism Violence in Pakistan) on Thursday.
Published 13 Apr, 2018 12:00am
Pir Pagara endorses demand for south Punjab province

Pir Pagara endorses demand for south Punjab province

Pakistan Muslim League Functional (PML-F) President Pir Pagara Sibghatullah Rashdi, who also heads the Grand Democratic Alliance (GDA), has expressed solidarity with the demand of the Southern Punjab Province Front (SPPF) for creation of South Punjab prov
Published 13 Apr, 2018 12:00am
Revolution in Thar to lead change in entire Sindh: Bilawal

Revolution in Thar to lead change in entire Sindh: Bilawal

Pakistan Peoples Party (PPP) chairman Bilawal Bhutto Zardari on Thursday said that his party believes in progressive, sustainable and inclusive development that empowers local communities. He took to twitter and posted pictures of himself with Thari femal
Published 13 Apr, 2018 12:00am
Forex reserves down $157 million
Exchange

Forex reserves down $157 million

The country's total liquid foreign exchange reserves declined by $157 million to $17.639 million during the week ended April 6, 2018. The forex reserves held by the State Bank of Pakistan declined by $164 million due to external debt servicing and other o
Published 13 Apr, 2018 12:00am
SBP sends copy of amended PER Ordinance to ADs
Exchange

SBP sends copy of amended PER Ordinance to ADs

The State Bank of Pakistan (SBP) has sent the copy of the Protection of Economic Reforms (Amendment) Ordinance, 2018 to authorized dealers (ADs) in terms of which section 5 of the Protection of Economic Reforms Act, 1992 has been amended.
Published 13 Apr, 2018 12:00am
PTI lawmakers hold demonstration outside Sindh Assembly

PTI lawmakers hold demonstration outside Sindh Assembly

Pakistan Tehreek-e-Insaf's (PTI) lawmakers staged a protest against corruption in the Sindh government outside the provincial assembly on Thursday. "The incumbent government in Sindh has lost its moral standing," PTI's parliamentary leader Khurram Sher Za
Published 13 Apr, 2018 12:00am
Final PhD seminar today

Final PhD seminar today

Professor Dr Akhtar Hussain Moghal, Dean, Faculty of Natural Sciences, University of Sindh has announced that the final PhD seminar of the scholar Pervaiz Khan of Department of Freshwater Biology and Fisheries will be held on Friday, April 13, 2018 at 12:
Published 13 Apr, 2018 12:00am
Pakistan may face US aid cuts over human trafficking
Currency

Pakistan may face US aid cuts over human trafficking

The Trump administration is warning Pakistan it could lose U.S. civilian aid worth tens of millions of dollars this year if Washington finds that the South Asian nation has not done enough to combat human trafficking, U.S. officials said.
Published 13 Apr, 2018 12:00am
SHC seeks reply from Centre on control over NCHR

SHC seeks reply from Centre on control over NCHR

Sindh High Court (SHC) on Thursday directed Federal government to submit its reply by May 18, 2018 on the issue of giving National Commission for Human Rights (NCHR) under the administrative control of Ministry of Human Rights.
Published 13 Apr, 2018 12:00am
Minimum tax exemption for loss-making companies sought

Minimum tax exemption for loss-making companies sought

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has urged the Federal Board of Revenue (FBR) to reduce the standard rate of minimum tax from 1.25% to 1% and exempt loss-making units from minimum tax.
Published 13 Apr, 2018 12:00am
Workshop on 'Research Writing' held at SU

Workshop on 'Research Writing' held at SU

Office of the Research Innovation and Commercialization (ORIC) University of Sindh Jamshoro organized one-day training workshop on how to write effective research grant proposals to win technology development funds.
Published 13 Apr, 2018 12:00am
Mining lease: NAB DG Lahore asked to conduct inquiry

Mining lease: NAB DG Lahore asked to conduct inquiry

Justice Javed Iqbal, Chairman NAB has ordered Director General NAB, Lahore to conduct inquiry in allegedly illegal award of mining lease worth 4 billion dollars for extracting precious minerals in Chiniot, Punjab and corruption into the award of the agree
Published 13 Apr, 2018 12:00am
Irsa increases water shares of Punjab & Sindh

Irsa increases water shares of Punjab & Sindh

The Indus River System Authority (Irsa) on Thursday increased the water shares of Punjab and Sindh by 4.9 percent and 2.94 percent respectively, keeping in view increase in rivers inflows. According to Irsa spokesperson, Rana Khalid, the share of Punjab h
Published 13 Apr, 2018 12:00am
SECP proposes to amend Chartered Accountant Ordinance

SECP proposes to amend Chartered Accountant Ordinance

In order to revamp the Chartered Accountant Ordinance, 1961, and meet the current requirements of profession of Chartered Accountants, the Commission has approved the draft Chartered Accountant (Amendment) Bill, 2018. Previously, the draft Chartered Accou
Published 13 Apr, 2018 12:00am
Food items for TDPs to be exempted from taxes

Food items for TDPs to be exempted from taxes

Governor Khyber Pakhtunkhwa Engr Iqbal Zafar Jhagra while taking a revolutionary step in tribal history has instructed to exempt all food items and material used for developmental works for rehabilitation of TDPs from taxes. He also instructed political a
Published 13 Apr, 2018 12:00am
Food items for TDPs to be exempted from taxes

Food items for TDPs to be exempted from taxes

Governor Khyber Pakhtunkhwa Engr Iqbal Zafar Jhagra while taking a revolutionary step in tribal history has instructed to exempt all food items and material used for developmental works for rehabilitation of TDPs from taxes. He also instructed political a
Published 13 Apr, 2018 12:00am
Director IMF, Ahsan discuss CPEC impact on region's development

Director IMF, Ahsan discuss CPEC impact on region's development

Director International Monetary Fund (IMF) Jihad Azour called on Minister for Interior, Planning, Development and Reforms, Ahsan Iqbal on Thursday and discussed China-Pakistan Economic Corridor (CPEC) project and its impact on development of Pakistan and
Published 13 Apr, 2018 12:00am
Delimitation: meeting of NA special body cancelled at 11th hour

Delimitation: meeting of NA special body cancelled at 11th hour

The third meeting of National Assembly Special Committee on Delimitation of Constituencies, which was scheduled to meet on Thursday, was cancelled at the eleventh hour. A member of the committee on condition of anonymity said that the meeting was cancelle
Published 13 Apr, 2018 12:00am
Murtaza Hashwani made Belgium's Honorary Consul

Murtaza Hashwani made Belgium's Honorary Consul

Hashoo Group CEO & Deputy Chairman Murtaza Hashwani sworn in as Honorary Consul for the Kingdom of Belgium in Karachi at a reception hosted by Ambassador of Belgium His Excellency Frédéric Verheyden. Murtaza Hashwani follows in the footsteps of his father
Published 13 Apr, 2018 12:00am
Chinese company offers energy efficient housing units in KP

Chinese company offers energy efficient housing units in KP

Chinese Construction giant Nanjong Sanjian Construction Co Ltd will construct low cost and energy efficient units at a suitable place preferable near the motorways. The offer was conveyed by a representative delegation to Special Assistant to Chief Minist
Published 13 Apr, 2018 12:00am
FCCI chief voices concern over move to privatised SME bank

FCCI chief voices concern over move to privatised SME bank

Shabbir Hussain Chawla, President, Faisalabad Chamber of Commerce & Industry (FCCI) has expressed concern over the scheduled privatization of SME bank and said it will deprive the easy availability of finances to the SME sector, already passing through a
Published 13 Apr, 2018 12:00am
Auto industry recommends introduction of 'transfer tax'

Auto industry recommends introduction of 'transfer tax'

Local auto industry is consistently making all-out efforts to curb premiums and invested approximately $140 million in capacity enhancement with a major recommendation to introduce 'transfer tax' on transfer of vehicles. In an open hearing arranged by Com
Published 13 Apr, 2018 12:00am
Auto industry recommends introduction of 'transfer tax'

Auto industry recommends introduction of 'transfer tax'

Local auto industry is consistently making all-out efforts to curb premiums and invested approximately $140 million in capacity enhancement with a major recommendation to introduce 'transfer tax' on transfer of vehicles. In an open hearing arranged by Com
Published 13 Apr, 2018 12:00am
Three controversial ordinances laid before Senate

Three controversial ordinances laid before Senate

Amid walkouts by combined opposition over promulgation of ordinances at a time when the term of current assembly is near completion, the government Thursday laid in the Senate three controversial presidential ordinances particularly 'The Income (Amendment
Published 13 Apr, 2018 12:00am
UHS research board meets

UHS research board meets

The Advanced Studies and Research Board of the University of Health Sciences (UHS) which met here Thursday considered synopses for registration of students in various postgraduate courses.
Published 13 Apr, 2018 12:00am
Pompeo vows diplomatic approach to Iran nuclear threat
Exchange

Pompeo vows diplomatic approach to Iran nuclear threat

President Donald Trump's pick to become Washington's top diplomat vowed to work with US allies to strengthen the Iran deal Thursday and played down fears he is bent on regime change in North Korea. Outgoing CIA chief Mike Pompeo has a reputation as a "war
Published 13 Apr, 2018 12:00am
16 dead in attack at Iraq funeral of anti-IS fighters

16 dead in attack at Iraq funeral of anti-IS fighters

At least 16 people died in a bomb attack Thursday during funerals in a northern Iraqi village for fighters killed by the Islamic State group, the village's mayor said. "Two bombs exploded as the funeral procession was entering the cemetery" in Asdira, nea
Published 13 Apr, 2018 12:00am
Watchdog confirms UK findings on nerve agent in Russia spy case

Watchdog confirms UK findings on nerve agent in Russia spy case

The world's chemical arms watchdog on Thursday confirmed Britain's findings on the identity of a nerve agent used on a former Russian spy, which London has said involved the Soviet-made Novichok. Separately, Russia shortly afterwards said it suspected Bri
Published 13 Apr, 2018 12:00am
UN urges donors to set aside North Korea political issues

UN urges donors to set aside North Korea political issues

The United Nations was able to help barely 15 percent of the North Koreans it aimed to support with basic food needs last year, its top official in Pyongyang said Thursday, as donor funding dried up in the face of political tensions. The implementation of
Published 13 Apr, 2018 12:00am
China plans live-fire exercise in Taiwan Strait

China plans live-fire exercise in Taiwan Strait

China announced plans Thursday to hold live-fire naval drills next week in the narrow strait separating the mainland from Taiwan, an act that could ratchet up tensions with the island. "Live-fire military manoeuvres will take place... in the Taiwan Strait
Published 13 Apr, 2018 12:00am
Bangladesh students suspend protests, demand release of detainees

Bangladesh students suspend protests, demand release of detainees

Bangladesh student leaders on Thursday demanded the release of detained demonstrators as they agreed to end days of violent protests against government job quotas. The action was ended after Prime Minister Sheikh Hasina on Wednesday told parliament the sy
Published 13 Apr, 2018 12:00am
Israeli troops kill Palestinian

Israeli troops kill Palestinian

Israeli troops shot dead a Palestinian man during clashes at the Gaza border on Thursday evening, the Hamas-run Gaza health ministry said. It named him as Abdullah al-Shahari, 28, and said he was shot east of the southern Gaza town of Khan Yunis.
Published 13 Apr, 2018 12:00am
Violent winds topple stone pillars at Taj Mahal complex

Violent winds topple stone pillars at Taj Mahal complex

A violent storm has destroyed two ancient pillars at the entryways to the Taj Mahal, an official said Thursday, underscoring the fragility of the centuries-old marble monument to love. The four-metre high sandstone minarets topped by ornate spires were le
Published 13 Apr, 2018 12:00am
Saudi crown prince in Spain as warship sale mooted

Saudi crown prince in Spain as warship sale mooted

Saudi Arabia's crown prince held talks Thursday with Spain's king and prime minister in Madrid, the last stop of his global diplomatic charm offensive to try to project a new liberal image for his conservative kingdom. Spain's King Felipe VI met with Prin
Published 13 Apr, 2018 12:00am
Sri Lanka president suspends parliament

Sri Lanka president suspends parliament

Sri Lankan President Maithripala Sirisena Thursday suspended parliament for nearly a month, an unexpected move that comes as a power struggle deepens between him and his unity government's prime minister. A decree released by the government quoted the pre
Published 13 Apr, 2018 12:00am
Afghan district governor among seven killed in Taliban attack

Afghan district governor among seven killed in Taliban attack

Taliban militants launched a pre-dawn raid on a district government compound in Afghanistan on Thursday, killing at least seven people including the local governor, officials said. Six police also died and 10 intelligence officers were wounded in the atta
Published 13 Apr, 2018 12:00am
Duterte sorry for Hong Kong deaths in 2010 hostage crisis

Duterte sorry for Hong Kong deaths in 2010 hostage crisis

Philippine President Rodrigo Duterte on Thursday formally apologised over the deaths of eight Hong Kong tourists in a 2010 Manila hostage crisis that soured ties with the Chinese territory. The incident happened under previous president Benigno Aquino who
Published 13 Apr, 2018 12:00am
Laugher secures Commonwealth diving double as Wu bags gold

Laugher secures Commonwealth diving double as Wu bags gold

English diver Jack Laugher boasted that he had been "on fire" Thursday after winning the three-metre springboard for his second gold medal of the Commonwealth Games. The Olympic silver medallist racked up a total of 519.40 points from his six dives to sec
Published 13 Apr, 2018 12:00am
Girls banned from Japan sumo event amid sexism uproar

Girls banned from Japan sumo event amid sexism uproar

Japan's sumo association came under fire for sexism again on Thursday after requesting girls be prevented from participating in events showcasing the traditional sport. Sumo has been in the headlines in recent weeks after women providing medical assistanc
Published 13 Apr, 2018 12:00am
Pakistan's Bilal wins bronze medal in 57kg free style wrestling

Pakistan's Bilal wins bronze medal in 57kg free style wrestling

A 22-year old promising Muhammad Bilal of Pakistan claimed bronze medal in the Men's freestyle 57kg wrestling event part of the XXI Gold Coast Commonwealth Games being played at Carrara Sports Arena, Gold Coast, Queensland (Australia) Thursday. In Men's f
Published 13 Apr, 2018 12:00am
Maroof wins gold as All-Pakistan Inter-University Athletic begins

Maroof wins gold as All-Pakistan Inter-University Athletic begins

Muhammad Maroof won first gold medal for Punjab University on the opening day of the All-Pakistan Inter-University Men Athletic Championship which got under way here at Qayyum Sports Complex on Thursday. Khyber Pakhtunkhwa Minister Sports, Tourism, Youth
Published 13 Apr, 2018 12:00am
13 African athletes go missing at Commonwealth Games

13 African athletes go missing at Commonwealth Games

Five more African athletes may have vanished from the Commonwealth Games, organisers said Thursday, after eight competitors from Cameroon were suspected of fleeing a day earlier. Gold Coast organisers confirmed reports that athletes from Rwanda and Uganda
Published 13 Apr, 2018 12:00am
Leisure Leagues Karachi Youth Initiative Football final tomorrow

Leisure Leagues Karachi Youth Initiative Football final tomorrow

Top two teams of each of the five districts will vie for top honours in the final round of the Leisure Leagues Karachi Youth Initiative Football Championship here at KMC Stadium Football Stadium at 3:00 pm on Saturday, April 14. Earlier, a total of 1,000
Published 13 Apr, 2018 12:00am
Russia, India among nations to lose Olympic spots in doping clampdown

Russia, India among nations to lose Olympic spots in doping clampdown

Five nations, including Russia, whose doping records have risked weightlifting's place on the Olympic schedule have been limited to just two athletes for the 2020 Tokyo Games by the sport's governing body, according to a document seen by Reuters. The Inte
Published 13 Apr, 2018 12:00am
Last-gasp Ronaldo penalty takes Real into semis

Last-gasp Ronaldo penalty takes Real into semis

Cristiano Ronaldo smashed home a penalty in the seventh minute of stoppage time to take Real Madrid through to the Champions League semi-finals on Wednesday, despite a 3-1 defeat on the night to Juventus after a remarkable comeback attempt by the Italians
Published 13 Apr, 2018 12:00am
India's Srikanth climbs to No 1 in badminton rakings

India's Srikanth climbs to No 1 in badminton rakings

Kidambi Srikanth on Thursday became the first Indian to reach number one in the men's world badminton rankings, surpassing Denmark's Viktor Axelsen on his rise to the top. The 25-year-old this week defeated three-time Olympic silver medallist Lee Chong We
Published 13 Apr, 2018 12:00am
Bayern Munich reach semi-finals after Sevilla stalemate

Bayern Munich reach semi-finals after Sevilla stalemate

Bayern Munich reached the Champions League semi-finals for the seventh time in nine seasons as Wednesday's goalless draw at home to Sevilla sent the German side through 2-1 on aggregate.
Published 13 Apr, 2018 12:00am
Top seeds move into semis of Punjab Junior Squash

Top seeds move into semis of Punjab Junior Squash

All the top seeded squash players moved into semi-finals, as 12 quarter finals were decided in the 1st Punjab National Junior Squash Championship-2018, here Thursday. In Under-15 boys, Noor Zaman (KP) beat Huzifa Zahid (KP) score 11/5,11/13,11/9,11/2 (25
Published 13 Apr, 2018 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold retreated from an 11-week high on Thursday, with investors booking profits as the US dollar gained, but bullion's losses were limited as investors remained worried about rising military tensions in Syria and lingering concerns of a trade war with Chi
Published 13 Apr, 2018 12:00am
EU sees sugar output remaining high

EU sees sugar output remaining high

The European Commission forecast on Thursday that white sugar production in the EU would fall 3 percent in 2018/2019 to 20.4 million tonnes, after a nearly 25 percent rise the previous year when producers were encouraged by the end of quotas in the bloc.
Published 13 Apr, 2018 12:00am
Gold tumbles in Europe
Currency

Gold tumbles in Europe

Gold tumbled from an 11-week high on Thursday as the dollar gained and investors booked profits, but rising tensions over military escalation in Syria prevented further losses. Snapping a four-day winning streak, spot gold fell 1 percent to $1,338.71 an o
Published 13 Apr, 2018 12:00am
Gold slips in Asia

Gold slips in Asia

Gold prices edged down on Thursday after hitting an 11-week high in the previous session on technical selling and profit-taking, although concerns about possible US military action against Syria underpinned the bullion. Spot gold was down 0.2 percent at $
Published 13 Apr, 2018 12:00am
White sugar climbs off 2-1/2-year lows, cocoa lower

White sugar climbs off 2-1/2-year lows, cocoa lower

White sugar futures on ICE edged higher on Thursday, as light buying lifted prices from 2-1/2-year lows touched a day earlier, while cocoa turned lower in rangebound dealings as prices hovered beneath recent highs. May raw sugar settled down 0.01 cent, or
Published 13 Apr, 2018 12:00am
Palm oil falls
Exchange

Palm oil falls

Malaysian palm oil futures hit their lowest in a week on Thursday, registering a fourth consecutive session of declines on concern over rising production in the coming months. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivat
Published 13 Apr, 2018 12:00am
Rubber rises
Exchange

Rubber rises

Benchmark Tokyo rubber futures ended higher on Thursday buoyed by firm oil prices, however, gains were curbed by sluggish Shanghai futures and on concerns over high inventories. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber price
Published 13 Apr, 2018 12:00am
Oil steadies, near three-year highs on geopolitics, tighter supply

Oil steadies, near three-year highs on geopolitics, tighter supply

Oil prices held steady on Thursday, remaining close to highs last reached in late 2014 on Middle East geopolitical tensions and shrinking global oil inventories. Brent crude futures were at $71.84 a barrel by 2:01 p.m. EDT (1801 GMT), down 22 cents. US WT
Published 13 Apr, 2018 12:00am
Iraq postpones oil and gas auction to April 25

Iraq postpones oil and gas auction to April 25

Iraq has postponed its oil and gas bidding round for 11 new blocks to April 25, a senior Iraqi oil official said on Thursday. Iraq had originally planned to award oil and gas exploration and development contracts for the new blocks, located in border area
Published 13 Apr, 2018 12:00am
Shanghai copper falls
Exchange

Shanghai copper falls

Shanghai Futures Exchange copper fell 1.4 percent to 50,400 yuan ($8,030) a tonne on Thursday. Markets came under pressure on Thursday as the threat of imminent US military action in Syria rattled investors and sent oil prices higher on concerns about pot
Published 13 Apr, 2018 12:00am
US weekly jobless claims fall; import prices unchanged

US weekly jobless claims fall; import prices unchanged

New applications for US unemployment benefits fell last week, pointing to sustained labour market strength despite a sharp slowdown in job growth in March. While other data on Thursday showed import prices were flat in March amid a sharp drop in the cost
Published 13 Apr, 2018 12:00am
Sulzer steps away from Russia's sanctions-hit Renova

Sulzer steps away from Russia's sanctions-hit Renova

Swiss engineering company Sulzer on Thursday said that Russia's Renova, hit by US sanctions, no longer holds a controlling stake in the firm following a transfer of shares aimed at reassuring investors and the authorities. "Renova is now a minority shareh
Published 13 Apr, 2018 12:00am
India's retail inflation eases

India's retail inflation eases

India's retail inflation eased to a five-month low in March, but remained above the central bank's medium-term target, supporting views that monetary policy is likely to remain unchanged at the next review in early June. The Reserve Bank of India (RBI), w
Published 13 Apr, 2018 12:00am
ECB doubtful on risk of overheating economy

ECB doubtful on risk of overheating economy

Governors of the European Central Bank in March cast doubt on any risk of overheating in the eurozone economy, a key element used to gauge inflation, according to minutes of their last meeting published on Thursday. During the regular monetary decision me
Published 13 Apr, 2018 12:00am
New Zealand halts new offshore oil and gas exploration

New Zealand halts new offshore oil and gas exploration

New Zealand is halting all new offshore oil and gas exploration to become a global leader in the fight against climate change, the centre-left government said Thursday, but opponents accused it of "economic vandalism". "(We are) taking an important step t
Published 13 Apr, 2018 12:00am
BP unveils strategic alliance with Petrobras

BP unveils strategic alliance with Petrobras

British energy major BP announced Thursday that it has agreed a "strategic" tie-up with Brazilian peer Petrobras to explore "areas of mutual interest" worldwide across their businesses. "BP today announced that is has signed a memorandum of understanding
Published 13 Apr, 2018 12:00am
Takata brand disappears as CEO quits

Takata brand disappears as CEO quits

Japan's Takata said Thursday its chief had formally resigned after the completion of a takeover by a US firm, bringing the curtain down on the crisis-hit brand tainted by a deadly airbag scandal. The takeover resulted in the extinction of the 85-year-old
Published 13 Apr, 2018 12:00am
EU unveils plan to protect farmers from big buyers

EU unveils plan to protect farmers from big buyers

The European Commission unveiled Thursday proposals to help farmers and other food suppliers strike better deals with powerful retailers, enforceable with penalties to stop "unfair trading practices". The Commission, the 28-nation EU executive, seeks to l
Published 13 Apr, 2018 12:00am
Finland approves Russian gas pipeline plans

Finland approves Russian gas pipeline plans

Finland on Thursday granted its final approval for a pipeline dubbed Nord Stream 2, which will be used to pump Russian natural gas to Germany, to go through its waters in the Baltic Sea. The final green light for the Finnish stretch of the planned pipelin
Published 13 Apr, 2018 12:00am
China says Xi pledges unrelated to US trade spat

China says Xi pledges unrelated to US trade spat

China denied President Xi Jinping's pledge to further open the country's economy amounts to concessions in a trade spat with the United States, and warned it was ready to hit back at any new US protectionist moves. Xi on Tuesday vowed to ease tariffs and
Published 13 Apr, 2018 12:00am
WTO warns protectionism threatens strong trade growth forecast

WTO warns protectionism threatens strong trade growth forecast

The World Trade Organization said Thursday that it expects strong trade growth through this year and next but warned progress would be "undermined" if governments implement threatened protectionist measures. The WTO forecast 4.4 percent growth in trade vo
Published 13 Apr, 2018 12:00am
Sterling strength, geopolitics outweigh M&A activity on FTSE

Sterling strength, geopolitics outweigh M&A activity on FTSE

A spate of dealmaking and strong financial stocks were outweighed by anxiety over the Syrian conflict and a rising pound on Thursday, keeping Britain's FTSE 100 flat. Britain's leading stock index ended the day up 0.02 percent at 7,258.34 points, lagging
Published 13 Apr, 2018 12:00am
South East Asian stocks up; Singapore falls
Exchange

South East Asian stocks up; Singapore falls

Shares in Singapore, among the more expensive markets in Asia and highly exposed to global trade, slipped on Thursday ahead of a policy decision by its central bank, while most other Southeast Asian stock markets reversed course to end higher.
Published 13 Apr, 2018 12:00am
Australian, New Zealand shares slip

Australian, New Zealand shares slip

Australia shares slid on Thursday as investors fretted over the threat of an imminent US attack on Syria and China's commerce ministry saying that trade negotiations with the United States would be impossible. US President Donald Trump warned Russia on We
Published 13 Apr, 2018 12:00am
European shares rise as Syria standoff worries recede

European shares rise as Syria standoff worries recede

European shares rose on Thursday alongside a relief rally across global markets after US President Trump signalled that military strikes in Syria may not be imminent. The pan-European STOXX 600 index closed up 0.7 percent after a negative start as sentime
Published 13 Apr, 2018 12:00am
China stocks down
Exchange

China stocks down

China stocks ended lower on Thursday, weakened by financial and transport stocks, as investors were rattled about possible US military action against Syria. The blue-chip CSI300 index ended down 1 percent to 3,898.64 points, while the Shanghai Composite I
Published 13 Apr, 2018 12:00am
Indian shares up

Indian shares up

Indian shares ended higher for a sixth straight session on Thursday, ahead of key retail inflation data later in the day, as a weakening rupee and expectations of positive quarterly results boosted information technology stocks. The broader NSE index ende
Published 13 Apr, 2018 12:00am
Treasury yields retreat

Treasury yields retreat

US Treasury yields declined on Wednesday on escalating geopolitical tensions after President Donald Trump warned Russia of imminent military action in Syria over a suspected poison gas attack. Trump declared on Wednesday that missiles "will be coming," as
Published 13 Apr, 2018 12:00am
Treasury yields retreat

Treasury yields retreat

US Treasury yields declined on Wednesday on escalating geopolitical tensions after President Donald Trump warned Russia of imminent military action in Syria over a suspected poison gas attack. Trump declared on Wednesday that missiles "will be coming," as
Published 13 Apr, 2018 12:00am
Hong Kong stocks lower

Hong Kong stocks lower

Hong Kong stocks shed early gains to end lower on Thursday, as caution prevailed amid rising tensions in the Middle East following the threat of imminent US military action in Syria. The Hang Seng index closed down 0.2 percent at 30,831.28 points, while t
Published 13 Apr, 2018 12:00am
Wall Street falls on Syria concerns, interest rate worries
Exchange

Wall Street falls on Syria concerns, interest rate worries

Wall Street stocks fell on Wednesday as possible US military action against Syria stoked investor concerns about geopolitical risk to the American economy and minutes from the Federal Open Market Committee sparked worries about a more hawkish view on inte
Published 13 Apr, 2018 12:00am
Thursday's early afternoon trade: Technology, financial stock up

Thursday's early afternoon trade: Technology, financial stock up

Technology and financial stocks led a rally on Wall Street on Thursday as President Donald Trump toned down his views on attacking Syria and investors focused on what could be the strongest earnings reporting season in seven years. Trump said a possible a
Published 13 Apr, 2018 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks fell Thursday, weighed down by uncertainty over Syria as US President Donald Trump threatened new military action in the war-torn country. The benchmark Nikkei 225 index slipped 0.12 percent or 26.82 points to 21,660.28 while the broader Topi
Published 13 Apr, 2018 12:00am
Most Gulf stocks in red over Syria tension, Saudi index stabilizes

Most Gulf stocks in red over Syria tension, Saudi index stabilizes

Most Gulf stock markets closed lower on Thursday as the threat of US military action in Syria kept investors on the sidelines, but the Saudi Arabian market stabilised after a sell-off on the previous day. In Egypt, the index fell 1.8 percent as investors
Published 13 Apr, 2018 12:00am
Aussie eases, kiwi up

Aussie eases, kiwi up

The Australian dollar paused near three-week highs on Thursday and its New Zealand cousin was a shade firmer, but trading was cautious on worries a tariff dispute between the United States and China was far from getting resolved.
Published 13 Apr, 2018 12:00am
Sterling climbs to nine-month high against euro
Currency

Sterling climbs to nine-month high against euro

Sterling soared to a nine-month high against the euro on Thursday after European Central Bank policymakers expressed concern about the impact of a trade war with the United states and the potentially harmful impact of the euro's strength.
Published 13 Apr, 2018 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee edged down on Thursday on importer dollar demand in light trading ahead of a long weekend and a traditional festival this week, dealers said. Markets will be closed for a public holiday on Friday on account of the New Year.
Published 13 Apr, 2018 12:00am
Asian currencies ease
Exchange

Asian currencies ease

Emerging Asian currencies softened on Thursday after US President Donald Trump warned of imminent military action in Syria, prompting investors worldwide to sell riskier assets. Trump warned Russia that missiles "will be coming" in Syria, and lambasted Mo
Published 13 Apr, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 82.98-82.98 (Previous 82.98-82.9.
Published 13 Apr, 2018 12:00am
Dollar index slips to two-week low in New York
Currency

Dollar index slips to two-week low in New York

The US dollar slipped against the Japanese yen on Wednesday as uncertainty over possible Western military action against Syria fed risk aversion even as fears of a trade war between the United States and China faded. The dollar was down 0.38 percent at 10
Published 13 Apr, 2018 12:00am
Dollar snaps four-day losing streak in Europe
Currency

Dollar snaps four-day losing streak in Europe

The dollar rebounded after a four-day losing streak as the threat of a clash between Western powers and Russia in Syria appeared to recede. Its recovery came after US President Donald Trump backed away on Thursday from promising a swift military strike ag
Published 13 Apr, 2018 12:00am
Dollar surges against yen in Asia
Currency

Dollar surges against yen in Asia

The dollar edged up against the yen on Thursday, but its gains were thin as concerns over possible Western military action against Syria lent support to the safe-haven Japanese currency. The tensions shifted some focus away from the US-China trade standof
Published 13 Apr, 2018 12:00am
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