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Archive - 2018-05-13
NSC meeting to be held on Monday   
Pakistan Top News

NSC meeting to be held on Monday   

RAWALPINDI: A meeting of the National Security Committee (NSC) would be held on Monday, Director General of Inter Servic
Published 13 May, 2018 04:07pm
Rugbyu: Force demolish Tonga
Sports

Rugbyu: Force demolish Tonga

PERTH: The Western Force beat Tonga 47-17 in their World Series Rugby match in Perth on Sunday. Controversially kicke
Published 13 May, 2018 12:08pm
Petition against NAB chairman filed

Petition against NAB chairman filed

A petition has been filed in the Supreme Court against Chairman National Accountability Bureau (NAB) former Justice Javed Iqbal for issuing a press release, which had stated that former Prime Minister Nawaz Sharif had allegedly laundered $4.9 billion to I
Published 13 May, 2018 12:00am
Petition against NAB chairman filed

Petition against NAB chairman filed

A petition has been filed in the Supreme Court against Chairman National Accountability Bureau (NAB) former Justice Javed Iqbal for issuing a press release, which had stated that former Prime Minister Nawaz Sharif had allegedly laundered $4.9 billion to I
Published 13 May, 2018 12:00am
Shahbaz highlights cornerstone of foreign policy

Shahbaz highlights cornerstone of foreign policy

Punjab Chief Minister and president of Pakistan Muslim League-Nawaz (PML-N) Shahbaz Sharif on Saturday said that after winning the general elections his government's foreign policy would be based on peace and stability. Addressing a gathering of diplomats
Published 13 May, 2018 12:00am
Shahbaz highlights cornerstone of foreign policy

Shahbaz highlights cornerstone of foreign policy

Punjab Chief Minister and president of Pakistan Muslim League-Nawaz (PML-N) Shahbaz Sharif on Saturday said that after winning the general elections his government's foreign policy would be based on peace and stability. Addressing a gathering of diplomats
Published 13 May, 2018 12:00am
Government all set to present Fata reform package in NA

Government all set to present Fata reform package in NA

The government is all set to present Fata reform package in the National Assembly during the current session but without an immediate merger of Fata with Khyber Pakhtunkhwa in an effort to appease its allied political parties, JUI-F and PkMAP, it was lear
Published 13 May, 2018 12:00am
Government all set to present Fata reform package in NA

Government all set to present Fata reform package in NA

The government is all set to present Fata reform package in the National Assembly during the current session but without an immediate merger of Fata with Khyber Pakhtunkhwa in an effort to appease its allied political parties, JUI-F and PkMAP, it was lear
Published 13 May, 2018 12:00am
US diplomat barred from leaving country

US diplomat barred from leaving country

The Immigration Wing of Federal Investigation Agency (FIA) Saturday barred US diplomat Colonel Joseph Emanuel Hall, defence attaché at the US Embassy who is involved in killing a boy in a road accident, from leaving the country. According to a senior offi
Published 13 May, 2018 12:00am
US diplomat barred from leaving country

US diplomat barred from leaving country

The Immigration Wing of Federal Investigation Agency (FIA) Saturday barred US diplomat Colonel Joseph Emanuel Hall, defence attaché at the US Embassy who is involved in killing a boy in a road accident, from leaving the country. According to a senior offi
Published 13 May, 2018 12:00am
Iran minister on diplomatic tour to save nuclear deal
Currency

Iran minister on diplomatic tour to save nuclear deal

Iran's foreign minister was due to leave Saturday for a whirlwind diplomatic tour as world leaders scramble to salvage something from the wreckage of a key nuclear deal after Washington withdrew. Mohammad Javad Zarif's tour starts two days after unprecede
Published 13 May, 2018 12:00am
Iran minister on diplomatic tour to save nuclear deal
Currency

Iran minister on diplomatic tour to save nuclear deal

Iran's foreign minister was due to leave Saturday for a whirlwind diplomatic tour as world leaders scramble to salvage something from the wreckage of a key nuclear deal after Washington withdrew. Mohammad Javad Zarif's tour starts two days after unprecede
Published 13 May, 2018 12:00am
Iraq counts votes after first Iraq election since IS defeat

Iraq counts votes after first Iraq election since IS defeat

Iraq began tallying votes Saturday after its first election since defeating the Islamic State group, with apathy rife for a poll some fear could stir a tug-of-war between the United States and Iran. The official turnout was expected to be low as many of t
Published 13 May, 2018 12:00am
Iraq counts votes after first Iraq election since IS defeat

Iraq counts votes after first Iraq election since IS defeat

Iraq began tallying votes Saturday after its first election since defeating the Islamic State group, with apathy rife for a poll some fear could stir a tug-of-war between the United States and Iran. The official turnout was expected to be low as many of t
Published 13 May, 2018 12:00am
Degrees of pilots: Airblue, Shaheen Air CEOs fined

Degrees of pilots: Airblue, Shaheen Air CEOs fined

The Supreme Court (SC) on Saturday imposed fines on Chief Executive Officers (CEOs) of Airblue and Shaheen Air for delay in verification of degrees of pilots associated with these airlines. It criticised the CEO of PIA for not paying salaries to employees
Published 13 May, 2018 12:00am
Degrees of pilots: Airblue, Shaheen Air CEOs fined

Degrees of pilots: Airblue, Shaheen Air CEOs fined

The Supreme Court (SC) on Saturday imposed fines on Chief Executive Officers (CEOs) of Airblue and Shaheen Air for delay in verification of degrees of pilots associated with these airlines. It criticised the CEO of PIA for not paying salaries to employees
Published 13 May, 2018 12:00am
Degrees of pilots: Airblue, Shaheen Air CEOs fined

Degrees of pilots: Airblue, Shaheen Air CEOs fined

The Supreme Court (SC) on Saturday imposed fines on Chief Executive Officers (CEOs) of Airblue and Shaheen Air for delay in verification of degrees of pilots associated with these airlines. It criticised the CEO of PIA for not paying salaries to employees
Published 13 May, 2018 12:00am
Degrees of pilots: Airblue, Shaheen Air CEOs fined

Degrees of pilots: Airblue, Shaheen Air CEOs fined

The Supreme Court (SC) on Saturday imposed fines on Chief Executive Officers (CEOs) of Airblue and Shaheen Air for delay in verification of degrees of pilots associated with these airlines. It criticised the CEO of PIA for not paying salaries to employees
Published 13 May, 2018 12:00am
Justice Faez expresses dismay over reconstitution of bench

Justice Faez expresses dismay over reconstitution of bench

Justice Qazi Faez Isa has stated that the Supreme Court before exercising its original jurisdiction must satisfy itself that the jurisdiction it is assuming is in consonance with the Constitution. Justice Qazi Faez Isa, who was part of a three-member benc
Published 13 May, 2018 12:00am
Justice Faez expresses dismay over reconstitution of bench

Justice Faez expresses dismay over reconstitution of bench

Justice Qazi Faez Isa has stated that the Supreme Court before exercising its original jurisdiction must satisfy itself that the jurisdiction it is assuming is in consonance with the Constitution. Justice Qazi Faez Isa, who was part of a three-member benc
Published 13 May, 2018 12:00am
Export package to be announced next week: minister

Export package to be announced next week: minister

Finance Minister Miftah Ismail Saturday said the government will announce export package next week with a view to increasing exports to $27 billion in the next fiscal year. The government will release around Rs 100 billion to exporters under the sales tax
Published 13 May, 2018 12:00am
Export package to be announced next week: minister

Export package to be announced next week: minister

Finance Minister Miftah Ismail Saturday said the government will announce export package next week with a view to increasing exports to $27 billion in the next fiscal year. The government will release around Rs 100 billion to exporters under the sales tax
Published 13 May, 2018 12:00am
Export package to be announced next week: minister

Export package to be announced next week: minister

Finance Minister Miftah Ismail Saturday said the government will announce export package next week with a view to increasing exports to $27 billion in the next fiscal year. The government will release around Rs 100 billion to exporters under the sales tax
Published 13 May, 2018 12:00am
SNGPL, SSGCL to manage gas loads through RLNG swap system

SNGPL, SSGCL to manage gas loads through RLNG swap system

The government has allowed SNGPL and SSGCL to manage gas loads on their systems through RLNG system gas swap mechanism through setting up a deferral account by OGRA, official sources told Business Recorder. Giving the background, the sources said,
Published 13 May, 2018 12:00am
SNGPL, SSGCL to manage gas loads through RLNG swap system

SNGPL, SSGCL to manage gas loads through RLNG swap system

The government has allowed SNGPL and SSGCL to manage gas loads on their systems through RLNG system gas swap mechanism through setting up a deferral account by OGRA, official sources told Business Recorder. Giving the background, the sources said,
Published 13 May, 2018 12:00am
SNGPL, SSGCL to manage gas loads through RLNG swap system

SNGPL, SSGCL to manage gas loads through RLNG swap system

The government has allowed SNGPL and SSGCL to manage gas loads on their systems through RLNG system gas swap mechanism through setting up a deferral account by OGRA, official sources told Business Recorder. Giving the background, the sources said,
Published 13 May, 2018 12:00am
Shaukat appointed SECP chief

Shaukat appointed SECP chief

The federal government has appointed Commissioner Securities and Exchange Commission of Pakistan, Shaukat Hussain as chairman SECP with immediate effect. A notification of Finance Division's Investment Wing stated that in exercise of powers conferred by S
Published 13 May, 2018 12:00am
Shaukat appointed SECP chief

Shaukat appointed SECP chief

The federal government has appointed Commissioner Securities and Exchange Commission of Pakistan, Shaukat Hussain as chairman SECP with immediate effect. A notification of Finance Division's Investment Wing stated that in exercise of powers conferred by S
Published 13 May, 2018 12:00am
Shaukat appointed SECP chief

Shaukat appointed SECP chief

The federal government has appointed Commissioner Securities and Exchange Commission of Pakistan, Shaukat Hussain as chairman SECP with immediate effect. A notification of Finance Division''s Investment Wing stated that in exercise of powers conferred by
Published 13 May, 2018 12:00am
Ex-Olympian goalkeeper Mansoor passes away

Ex-Olympian goalkeeper Mansoor passes away

Pakistan's World Cup-winning hockey hero Mansoor Ahmed died on Saturday of heart failure aged 50 after battling the disease for years, his family said. The goalkeeper had last month publicly appealed to New Delhi for a medical visa to allow him a heart tr
Published 13 May, 2018 12:00am
Ex-Olympian goalkeeper Mansoor passes away

Ex-Olympian goalkeeper Mansoor passes away

Pakistan's World Cup-winning hockey hero Mansoor Ahmed died on Saturday of heart failure aged 50 after battling the disease for years, his family said. The goalkeeper had last month publicly appealed to New Delhi for a medical visa to allow him a heart tr
Published 13 May, 2018 12:00am
SC comes down hard on K-Electric

SC comes down hard on K-Electric

Supreme Court (SC) Saturday came hard on K-Electric for prolonged and unannounced loadshedding in Karachi and directed the utility to submit a report with it on May 20. Court also restrained it from resorting to unannounced loadshedding on the pretext of
Published 13 May, 2018 12:00am
SC comes down hard on K-Electric

SC comes down hard on K-Electric

Supreme Court (SC) Saturday came hard on K-Electric for prolonged and unannounced loadshedding in Karachi and directed the utility to submit a report with it on May 20. Court also restrained it from resorting to unannounced loadshedding on the pretext of
Published 13 May, 2018 12:00am
SC comes down hard on K-Electric

SC comes down hard on K-Electric

Supreme Court (SC) Saturday came hard on K-Electric for prolonged and unannounced loadshedding in Karachi and directed the utility to submit a report with it on May 20. Court also restrained it from resorting to unannounced loadshedding on the pretext of
Published 13 May, 2018 12:00am
SC comes down hard on K-Electric

SC comes down hard on K-Electric

Supreme Court (SC) Saturday came hard on K-Electric for prolonged and unannounced loadshedding in Karachi and directed the utility to submit a report with it on May 20. Court also restrained it from resorting to unannounced loadshedding on the pretext of
Published 13 May, 2018 12:00am
Pak-China customs: Implementation of 'EODE' further delayed

Pak-China customs: Implementation of 'EODE' further delayed

The implementation of Electronic Origin Data Exchange (EODE) between customs Pakistan and customs China has further delayed as the testing of electronic message exchange through ESB software is not ended yet; it is learnt here Saturday. The memorandum of
Published 13 May, 2018 12:00am
Pak-China customs: Implementation of 'EODE' further delayed

Pak-China customs: Implementation of 'EODE' further delayed

The implementation of Electronic Origin Data Exchange (EODE) between customs Pakistan and customs China has further delayed as the testing of electronic message exchange through ESB software is not ended yet; it is learnt here Saturday. The memorandum of
Published 13 May, 2018 12:00am
Pak-China customs: Implementation of ''EODE'' further delayed

Pak-China customs: Implementation of ''EODE'' further delayed

The implementation of Electronic Origin Data Exchange (EODE) between customs Pakistan and customs China has further delayed as the testing of electronic message exchange through ESB software is not ended yet; it is learnt here Saturday. The memorandum of
Published 13 May, 2018 12:00am
Pakistani banks' credit rating

Pakistani banks' credit rating

Banks' overall credit rating is determined by a number of factors. Commenting on the recently announced Federal Budget for FY19, Moody's Investors Service has termed one-year extension of a 4 percent special tax on banks' taxable income as credit negative
Published 13 May, 2018 12:00am
Elections and the 'aliens'

Elections and the 'aliens'

First it was the PML-N supreme leader, ousted prime minister Mian Nawaz Sharif who cast doubts on the upcoming general elections, saying his party's contest is not with the PPP co-Chairman Asif Ali Zardari or PTI Chairman Imran Khan, "but with the aliens.
Published 13 May, 2018 12:00am
Whither MQM?

Whither MQM?

Following the death of literary giant, Dr Samuel Johnson, his critics went on an over-drive, to berate the man and to degrade his achievements. Dr Boswell, his longtime friend, apprentice and associate responded by remarking, "now that the old lion is dea
Published 13 May, 2018 12:00am
Poverty and politics trip up urban refugees in India

Poverty and politics trip up urban refugees in India

When Hujjat Islam heard a fire had razed a Rohingya camp in New Delhi, his first reaction was relief: it could have been him and his family, their belongings burned to ashes, if he had not found a home for them elsewhere in the city.
Published 13 May, 2018 12:00am
For young Iraqis, election offers little appeal

For young Iraqis, election offers little appeal

Mounes Fauzi was simply too busy doing nothing to go vote in the parliamentary elections being held across Iraq. Sitting with some friends outside a cafe in Baghdad's Karrada neighbourhood the 27-year-old barber sucked on a shisha pipe and explained why h
Published 13 May, 2018 12:00am
Balochistan budget postponed

Balochistan budget postponed

The postponement of Balochistan Budget for fiscal year 2018-19 by its provincial assembly has contributed to concerns about the state of governance in the country's largest province in terms of area; it will be announced on May 14. This province, which is
Published 13 May, 2018 12:00am
Five dead as passenger bus overturns

Five dead as passenger bus overturns

At least five people died and 35 others, some critical, were injured when a passenger bus overturned here on Saturday. Levies sources said that due to reckless driving and over speeding, a passenger bus turned turtle at National Highway near Zawa area of
Published 13 May, 2018 12:00am
Car purchase by non-filers: government unlikely to withdraw condition

Car purchase by non-filers: government unlikely to withdraw condition

The government is unlikely to withdraw a condition barring non-filers from purchasing new motor vehicles despite immense pressure from different quarters, a senior official told Business Recorder. Pakistan Automotive Manufacturers Association (PAMA
Published 13 May, 2018 12:00am
Khattak responds to NAB's 30 questions

Khattak responds to NAB's 30 questions

Chief Minister Khyber Pakhtunkhwa (KP) Pervez Khattak on Saturday submitted a detailed response at least 30 questions sent to him by National Accountability Bureau (NAB). According to media reports, the KP chief minister submitted responses to NAB's corru
Published 13 May, 2018 12:00am
Obscenity in TV channels draws CJP's ire

Obscenity in TV channels draws CJP's ire

Chief Justice of Pakistan Mian Saqib Nisar on Saturday expressed anger over display of obscenity on TV channels. The chief justice, who was heading a three-member bench while hearing a case related to airing of Indian content at Karachi Registry, said Pak
Published 13 May, 2018 12:00am
MMA public meeting today

MMA public meeting today

Jamaat-e-Islami Khyber Pakhtunkhwa ameer, Senator Mushtaq Ahmad Khan said that the Muttahida Majlis-e-Amal (MMA), the alliance of various religious parties, will hold a historic public meeting today (Sunday) at Minar-e-Pakistan.
Published 13 May, 2018 12:00am
Rs 659.5 billion released so far under PSDP

Rs 659.5 billion released so far under PSDP

The government has released Rs 659.5 billion (66 percent) including 155.8 billion foreign aid for different development projects under the Public Sector Development Program (PSDP) 2017-18 against the total budgeted allocation of Rs 1001 billion.
Published 13 May, 2018 12:00am
Street crimes on the rise in capital

Street crimes on the rise in capital

The federal capital witnessed an increase in street crimes during the last week as over 10 cases of various kinds of theft, seven cases of auto theft, three cases of kidnapping and one murder case were reported to various police stations of the city.
Published 13 May, 2018 12:00am
Workshop for capacity building of journalists held

Workshop for capacity building of journalists held

Khushal Khan Khattak University Karak in collaboration with media house Islamabad organized a five days' workshop for the capacity building of the local journalists on sensitive and conflict reporting. One of the purposes of the workshop was to create goo
Published 13 May, 2018 12:00am
CPEC to help make Asia master of own destiny: Sherry

CPEC to help make Asia master of own destiny: Sherry

Leader of the Opposition in the Senate, Sherry Rehman has said that high level contacts and multi-sectoral cooperation between Pakistan and China are a manifestation of the fact that both sides accord high importance to bilateral relations and desire to f
Published 13 May, 2018 12:00am
CJP takes up May 12 mayhem case

CJP takes up May 12 mayhem case

Chief Justice of Pakistan (CJP) Mian Saqib Nisar on Saturday summoned the case file of 12 May, 2007 carnage, which claimed more than 30 lives in the provincial capital when former CJP Iftikhar Muhammad Chaudhry arrived in the city after he was deposed in
Published 13 May, 2018 12:00am
Naqeeb murder case: Rao Anwar moves bail plea in ATC

Naqeeb murder case: Rao Anwar moves bail plea in ATC

Former SSP Malir Rao Anwar on Saturday moved an application in an anti-terrorism court seeking bail in a case pertaining to the alleged abduction and extrajudicial murder of South Waziristan youngster Naqeebullah Mehsud. The ATC judge issued notice to the
Published 13 May, 2018 12:00am
'KU Professor Dr Riaz Ahmed goes missing'

'KU Professor Dr Riaz Ahmed goes missing'

Dr Riaz Ahmed, a political activist and a professor of applied chemistry at the University of Karachi (KU), has gone missing from Karachi, his family said on Saturday. Dr Ahmed last contacted his wife last night from the university at around 8pm and has n
Published 13 May, 2018 12:00am
ECC approves financial restructuring of PIA

ECC approves financial restructuring of PIA

The Economic Coordination Committee ECC has approved the financial restructuring of PIA after a detailed review of PIA's Strategic Business Plan 2018-22.
Published 13 May, 2018 12:00am
Zulfiqar Mirza, PPP to hold separate rallies in Badin

Zulfiqar Mirza, PPP to hold separate rallies in Badin

Former home minister Sindh Dr Zulfiqar Mirza is gearing up to make his return to the political arena with a protest against load shedding and water shortage in Badin on Tuesday. The former Sindh home minister will address a rally in Badin on Tuesday, May
Published 13 May, 2018 12:00am
Power outages: CJP seeks report by May 20

Power outages: CJP seeks report by May 20

Chief Justice of Pakistan (CJP) Mian Saqib Nisar on Saturday has directed to inform about the electricity load-shedding situation in Karachi till May 20. During the hearing in Supreme Court (SC) Karachi registry, CJP Nisar asked K-Electric Chief Executive
Published 13 May, 2018 12:00am
PM not summoned in pilots' fake degrees case: CJP

PM not summoned in pilots' fake degrees case: CJP

Supreme Court did not summon Prime Minister Shahid Khaqan Abbasi, remarked Chief Justice of Pakistan Justice Saqib Nisar while hearing a case on fake degrees of pilots for which heads of all Pakistani airlines were called on Saturday.
Published 13 May, 2018 12:00am
Karachi mayor voices concern over dearth of nurses

Karachi mayor voices concern over dearth of nurses

Mayor Karachi Wasim Akhtar said in order to bring improvement in health care sector we need 60 thousand nurses as our country presently have one nurse for every 1069 people. KMC has taken many measures to solve the problems facing by the nursing staff in
Published 13 May, 2018 12:00am
Reon Energy announces solar partnership with QICT DP World

Reon Energy announces solar partnership with QICT DP World

Reon Energy Limited announced on Wednesday its latest project at QICT DP World. The 185 kW solar carport installation is one of the fastest growing trends in the photovoltaic market. The energy system will provide considerable savings in energy-costs, alo
Published 13 May, 2018 12:00am
Robbers kill trader, son

Robbers kill trader, son

Armed robbers gunned down a Hindu trader and his son upon resistance during a robbery attempt here on Saturday. The Hindu community held protest demonstration against the incident. Police said that armed robbers tried to loot a Hindu trader J. Paul Das an
Published 13 May, 2018 12:00am
Federal, provincial governments urged to bring an end to load-shedding

Federal, provincial governments urged to bring an end to load-shedding

Owner of small scale businesses have sought the intervention of federal and provincial governments to direct K-Electric to immediately restore power to all the commercial and residential areas of the city as the load shedding would cause irreparable loss
Published 13 May, 2018 12:00am
'World Migratory Bird Day' celebrated

'World Migratory Bird Day' celebrated

Punjab Wildlife & Parks arranged a walk and seminar here on Saturday to celebrate 'World Migratory Bird Day' which, is celebrated annually on the second weekend of May to highlight the need to protect migratory birds and their habitats. The United Nations
Published 13 May, 2018 12:00am
Punjab faces dearth of human resources in health sector

Punjab faces dearth of human resources in health sector

There are 94,179 doctors and dentists registered with the Pakistan Medical and Dental Council (PMDC) in Punjab, 64,846 nurses, 44,452 lady health workers (LHWs) and 1799 lady health supervisors in the province with a population of 110 million which faces
Published 13 May, 2018 12:00am
Imran urges Saarc nations to make region abode of peace

Imran urges Saarc nations to make region abode of peace

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan Saturday said the South Asian Association for Regional Cooperation (SAARC) countries should join hands to make the region an abode of peace, progress and prosperity. In his greeting message conveyed by Se
Published 13 May, 2018 12:00am
Samsung celebrates 'Spirit of Ramazan'

Samsung celebrates 'Spirit of Ramazan'

Samsung celebrated the "Spirit of Ramazan" by presenting special prices on many of its leading Smartphones, including the Galaxy J7 Core (2GBRAM/16ROM)), Galaxy J5 Prime (2GB RAM/16 GB ROM), and Galaxy J7 Pro (3GB RAM/32GB ROM). Through this limited-time
Published 13 May, 2018 12:00am
SOS to PM: Fertilizer industry on the verge of Collapse
Currency

SOS to PM: Fertilizer industry on the verge of Collapse

The fertilizer industry has urged the Prime Minister to save it from collapsing which has over 100,000 ton capacity but underutilized due to non availability of gas at applicable and affordable rates. The manufacturers have been running from pillar to pos
Published 13 May, 2018 12:00am
Efforts afoot to achieve cotton sowing target: PAD
Cotton

Efforts afoot to achieve cotton sowing target: PAD

Fatima Benish Sahi, Additional Secretary Agriculture Task Force, Punjab said on Saturday that cotton growing has started throughout Punjab and department is striving hard to achieve target of cotton sowing on an area of six million acre. Cotton growers ar
Published 13 May, 2018 12:00am
Huawei launches triple camera Smartphone

Huawei launches triple camera Smartphone

Huawei P20 Pro, the world's first triple camera smartphone was showcased at an exquisite photography exhibition, here at the Ejaz Art Gallery on Saturday. The event brought forth works of Huawei's experience ambassadors - who used the devices to encapsula
Published 13 May, 2018 12:00am
FCCI booklet recommending economic reforms launched

FCCI booklet recommending economic reforms launched

The Research and Development (R&D) Department of the Faisalabad Chamber of Commerce & Industry (FCCI) has launched a booklet titled, "Agenda for Economic Reforms in Pakistan 2018-23." Speaking at the launching ceremony, chairman of FCCI Standing Committee
Published 13 May, 2018 12:00am
Heavy rain claims seven lives in Bajaur

Heavy rain claims seven lives in Bajaur

At least seven people died and several others injured as rain plays havoc in different areas of Bajaur Agency on Saturday. According to details, due to heavy rain, roof and a wall of a religious seminary located in tehsil Mamond of Bajaur Agency collapsed
Published 13 May, 2018 12:00am
Government urged to monitor weapons' trade

Government urged to monitor weapons' trade

Representa-tives of civil society organisations expressed concerns over proliferation and misuse of small arm and ammunition and urged the government to take concrete steps to control the manufacturing and trade of light weapons to establish a peaceful an
Published 13 May, 2018 12:00am
Prices of essential kitchen items shoot up

Prices of essential kitchen items shoot up

Prices of essential kitchen items, especially of mutton, beef, chicken, and fruits, have witnessed an increase during this week past against the preceding week, a survey conducted by Business Recorder revealed here on Saturday.
Published 13 May, 2018 12:00am
US sanctions on Iran won't hit Pakistan: ICST
Currency

US sanctions on Iran won't hit Pakistan: ICST

Islamabad Chamber of Small Traders on Saturday said that the US sanctions on Iran will not hurt Pakistan substantially due to a small volume of bilateral trade. However, it has raised questions about plans to import gas from Iran through a pipeline and bo
Published 13 May, 2018 12:00am
Pak-US differences can be resolved: Aizaz

Pak-US differences can be resolved: Aizaz

Aizaz Ahmad Chaudhry, the Pakistan Ambassador to US has said that the differences between Pakistan and the US can be resolved. Chaudhry's remarks come a day after Pakistan imposed travel restrictions on US diplomats as vengeance to US barring diplomats wo
Published 13 May, 2018 12:00am
APNS moot on advertising

APNS moot on advertising

The All Pakistan Newspapers Society (APNS) is organizing a one-day conference on the "Future of Advertising" on Monday, May 14, 2018 at 9:30am to 5:30pm at Serena Hotel, Islamabad. The conference will cover topics ranging from creativity, media planning t
Published 13 May, 2018 12:00am
SSGC seeks approval of price hike

SSGC seeks approval of price hike

Sui Southern Gas Company (SSGC) Limited has filed a petition before Oil and Gas Regulatory Authority (OGRA) under Section 8(I) of the OGRA Ordinance 2002 for determination of its estimated revenue requirement (ERR) prescribed prices for the financial year
Published 13 May, 2018 12:00am
Experts urge government to implement water policy

Experts urge government to implement water policy

Applauding the unanimous approval of Pakistan's first National Water Policy by all the four provinces, the energy experts participating in a roundtable advised to expedite the process of policy's implementation by relying on country's own resources instea
Published 13 May, 2018 12:00am
Fiscal year 2018-19: CDA to present budget in June

Fiscal year 2018-19: CDA to present budget in June

Capital Development Authority (CDA) is likely to present around Rs 30 billion budget for the fiscal year 2018-19 in the last week of June against Rs 37.97 billion budget for the outgoing financial year. The CDA sources revealed that the budget is still un
Published 13 May, 2018 12:00am
Moon sighting body to meet on May 16

Moon sighting body to meet on May 16

The Central Ruet-e-Hilal Committee would meet on Wednesday, (May 16), 29 Shaban-ul-Moazzam in Karachi for sighting the crescent of Ramazan-ul-Mubarak, 1439 Hijri. Chairman of the Committee Mufti Muneeb-ur-Rehman would chair the meeting of Sindh Zonal Ruet
Published 13 May, 2018 12:00am
Malaysia's Najib hit with travel ban after poll loss

Malaysia's Najib hit with travel ban after poll loss

Malaysia's former leader Najib Razak was hit with a travel ban Saturday as speculation mounted he was about to flee the country following his shock election loss, in a possible bid to avoid prosecution over a multi-billion-dollar scandal. An angry crowd h
Published 13 May, 2018 12:00am
Eurovision carnival comes to Portugal for first time

Eurovision carnival comes to Portugal for first time

A peaceful Danish Viking, an Estonian soprano in a giant dress and a gay-themed dance will be on display at Saturday's Eurovision final in Portugal, which is toning down the frills at the annual song contest. Favourites include Cyprus' fiery song "Fuego"
Published 13 May, 2018 12:00am
Russian bombers intercepted off Alaska

Russian bombers intercepted off Alaska

US fighter jets intercepted two Russian bombers in international air space off western Alaska, the North American Aerospace Defense Command said Saturday. The long-range Tu-95 "Bear" bombers were "intercepted and visually identified" Friday morning by a p
Published 13 May, 2018 12:00am
Kosovo moves to deradicalise jailed jihadists

Kosovo moves to deradicalise jailed jihadists

Kosovo launched Friday a programme aimed at de-radicalising its jailed jihadists, including lectures in prisons by moderate imams. More than 90 percent of Kosovo's 1.8 million inhabitants are Muslims who practise a moderate form of Islam. But over the pas
Published 13 May, 2018 12:00am
Pentagon probe finds training, command issues in Niger ambush

Pentagon probe finds training, command issues in Niger ambush

A comprehensive probe into last year's assault of US and local forces in Niger uncovered a series of avoidable blunders leading up to the deadly attack, the Pentagon said Thursday. Four American soldiers and four Nigerien partners were killed in the Octob
Published 13 May, 2018 12:00am
Japan MP under fire for saying single women a state burden

Japan MP under fire for saying single women a state burden

A Japanese lawmaker has come under fire after saying women should have several children or risk becoming a burden on the state. Kanji Kato, a 72-year-old MP in Prime Minister Shizo Abe's ruling Liberal Democratic Party (LDP), said newlyweds should raise a
Published 13 May, 2018 12:00am
New leader for Hungary's formerly far-right Jobbik

New leader for Hungary's formerly far-right Jobbik

Hungary's formerly far-right party Jobbik elected a new leader Saturday seen as likely to keep it on its current path away from its extremist roots. Tamas Sneider, 45, was chosen as Jobbik president at a party congress, a spokesman told reporters, after f
Published 13 May, 2018 12:00am
Syria fight against IS in Damascus stalls, dozens dead

Syria fight against IS in Damascus stalls, dozens dead

At least 86 pro-regime fighters were killed in Syria over the past week in battles against the IS group as regime forces push to clear jihadists from their last stronghold in Damascus, a monitor said Saturday.
Published 13 May, 2018 12:00am
Eleven Iranians among dead in Israel strikes on Syria

Eleven Iranians among dead in Israel strikes on Syria

At least 11 Iranians were among those killed in unprecedented Israeli strikes on Syria this week, a monitor said Saturday. "At least 27 pro-regime fighters were killed" in Thursday's strikes, said Rami Abdel Rahman, director of the Britain-based Syrian Ob
Published 13 May, 2018 12:00am
NASA plans to send mini-helicopter to Mars

NASA plans to send mini-helicopter to Mars

The US space agency said Friday it plans to launch the first-ever helicopter to Mars in 2020, a miniature, unmanned drone-like chopper that could boost our understanding of the Red Planet. Known simply as "The Mars Helicopter," the device weighs less than
Published 13 May, 2018 12:00am
19 dead in fighting between Myanmar army, rebels

19 dead in fighting between Myanmar army, rebels

At least 19 people were killed Saturday in northern Myanmar when ethnic rebels attacked security force posts and a casino in an area bordering China, the most deadly flare-up in recent years that undercuts government efforts to win peace in the troubled c
Published 13 May, 2018 12:00am
Swede Kokocinski wins maiden Asia Tour title

Swede Kokocinski wins maiden Asia Tour title

Sweden's Malcolm Kokocinski secured his maiden Asian Tour title when he fired six-under-par 65 in the final round to win the AB Bank Bangladesh Open by three shots in Dhaka on Saturday. Kokocinski overturned a three-shot deficit from the third round to ca
Published 13 May, 2018 12:00am
Lewis Hamilton takes pole for the Spanish Grand Prix

Lewis Hamilton takes pole for the Spanish Grand Prix

Lewis Hamilton roared back to form and secured a stunning pole position for Sunday's Spanish Grand Prix when he delivered a record-breaking qualifying lap on Saturday. The defending four time world champion and current series leader broke the track lap re
Published 13 May, 2018 12:00am
Minister condoles Mansoor's death

Minister condoles Mansoor's death

Provincial Minister HR&MA Khalil Tahir Sandhu has expressed deep sense of sorrow and grief over the death of Pakistan hockey legend Mansoor Ahmed. In a condolence message, the Minister prayed that may Allah Almighty rest the departed soul in eternal peace
Published 13 May, 2018 12:00am
Legendary football commentator Motson to hang up mike

Legendary football commentator Motson to hang up mike

Legendary BBC commentator John Motson retires on Sunday after half a century of loyal service that made him and his trademark sheepskin coat a fixture of English football fans' weekends. The 72-year-old - who has commentated on 29 FA Cup finals and six Wo
Published 13 May, 2018 12:00am
Liverpool and Real fans in for Kiev hotel price shock

Liverpool and Real fans in for Kiev hotel price shock

Fancy shelling out 3,500 euros ($4,200) for a night in a budget hotel? Liverpool and Real Madrid fans who do not may end up sleeping rough for the night when they come to Kiev for the Champions League final. The Ukrainian capital is the focus of fan fury
Published 13 May, 2018 12:00am
Ferdinand admits to placing club above country at major finals

Ferdinand admits to placing club above country at major finals

Former England star Rio Ferdinand's confession that he placed club above country when he played at two World Cup finals will be one present England manager Gareth Southgate hopes to avoid in Russia. The 39-year-old former central defender won 81 caps for
Published 13 May, 2018 12:00am
Tour de Khunjrab: Abdullah wins second stage Rakaposhi-Sost

Tour de Khunjrab: Abdullah wins second stage Rakaposhi-Sost

Super-fit of Pakistan Army Abdullah came from behind crossing a last leg of 10-km in just 12 minutes creating a dash record of 74-kilometer per hour by winning the second stage of 110 km of the Serena International Tour de Khunjrab Road Cycle Race after l
Published 13 May, 2018 12:00am
Last-minute penalty gives battling Cardiff European Challenge Cup

Last-minute penalty gives battling Cardiff European Challenge Cup

Cardiff Blues won the European Challenge Cup for the second time on Friday with a dramatic 31-30 victory over Gloucester secured by a nerveless, last-minute penalty from Gareth Anscombe. The Welsh side, who were also champions in 2010, were 20-6 down at h
Published 13 May, 2018 12:00am
USDA predicts record soyabean exports despite China trade dispute

USDA predicts record soyabean exports despite China trade dispute

US soyabean exports will break a record in the upcoming marketing year despite the growing threat of a trade war with top-buyer China, the US Department of Agriculture said on Thursday, but traders expressed doubts about that forecast.
Published 13 May, 2018 12:00am
USDA sees US corn, soya, wheat supplies falling in 2018-19

USDA sees US corn, soya, wheat supplies falling in 2018-19

US soyabean supplies are seen falling in the upcoming marketing year as domestic usage and exports are expected to remain strong even as production eases, the US Agriculture Department said on Thursday. Domestic corn and wheat stocks are also expected to
Published 13 May, 2018 12:00am
Brazil to pass US as world's largest soya producer in 2018

Brazil to pass US as world's largest soya producer in 2018

Brazil will surpass the United States as the largest producer of soyabeans this year, taking over the top ranking for the first time in history, oilseeds crusher group Abiove said on Friday. The US is expected to harvest 116.48 million tonnes of soyabeans
Published 13 May, 2018 12:00am
ICE cotton futures inch up after hitting two-week lows
Cotton

ICE cotton futures inch up after hitting two-week lows

ICE cotton futures edged up slightly after touching their lowest in more than two-weeks on Friday after the demand outlook from the United States Department of Agriculture on Thursday disappointed investors. The most active ICE cotton contract for July ex
Published 13 May, 2018 12:00am
Glencore and Rusal ask LME to lift suspension on Rusal's aluminium

Glencore and Rusal ask LME to lift suspension on Rusal's aluminium

Glencore and United Company Rusal have asked the London Metal Exchange to temporarily lift its suspension on Rusal's aluminium after an extension of the deadline for companies to wind down contracts with the Russian firm under US sanctions, sources said.
Published 13 May, 2018 12:00am
Funds adopt record positions in both CBOT soyameal, soyaoil

Funds adopt record positions in both CBOT soyameal, soyaoil

Commodity funds opened the month holding record bullish views in Chicago-traded soyabean meal and record bearish views in soyabean oil, creating the most lopsided speculative positioning in history between the two soya products.
Published 13 May, 2018 12:00am
Morocco gives millers incentives to use domestic wheat, not imports

Morocco gives millers incentives to use domestic wheat, not imports

Morocco on Friday announced a set of incentives for local millers to opt for domestic wheat instead of imports. They include a flat rate subsidy of 10 dirhams ($1.068) per 100 kg of soft wheat to millers using local wheat, the Ministry of Agriculture said
Published 13 May, 2018 12:00am
Sterling's recent pounding over, set to bounce back
Currency

Sterling's recent pounding over, set to bounce back

Sterling's recent slide is a blip and the currency will bounce back over the coming year, once again approaching pre-Brexit referendum levels, according to a Reuters poll of foreign exchange strategists. Predictions the Bank of England would raise rates t
Published 13 May, 2018 12:00am
China central bank says to maintain neutral policy, stable yuan
Currency

China central bank says to maintain neutral policy, stable yuan

China's central bank will maintain its neutral monetary policy and keep liquidity and credit growth largely steady while keeping the yuan currency basically stable, it said on Friday. The central bank's surprising cut in reserve requirement ratios (RRR) o
Published 13 May, 2018 12:00am
Kodak blockchain project seeks to raise $50 million in token offering

Kodak blockchain project seeks to raise $50 million in token offering

Wenn Digital, the developer of an image protection blockchain platform licensed by Eastman Kodak Co, said on Thursday it intends to raise up to $50 million in a combined public and private token offering. Wenn Digital has created the blockchain-based syst
Published 13 May, 2018 12:00am
FX trading volumes in April rise 18 percent
Currency

FX trading volumes in April rise 18 percent

Currency trading on Thomson Reuters' platforms rose almost 18 percent in April from the same month a year earlier as the strong start to 2018 continued, although volumes were down slightly on March, the company said on Tuesday. Average daily volumes in Ap
Published 13 May, 2018 12:00am
Speculators cut US dollar shorts to lowest in 11 weeks

Speculators cut US dollar shorts to lowest in 11 weeks

Speculators' net short dollar position in the latest week fell to its lowest level in nearly three months, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar position wa
Published 13 May, 2018 12:00am
Russia to up daily FX purchases
Currency

Russia to up daily FX purchases

Russia's Finance Ministry said it would increase its daily purchases of foreign currency for state reserves to the equivalent of 16.1 billion roubles ($256.74 million) between May 10 and June 6. Total purchases for the upcoming period will be equivalent t
Published 13 May, 2018 12:00am
Dollar little changed on week, Swedish crown extends rally
Currency

Dollar little changed on week, Swedish crown extends rally

The dollar fell for a third day on Friday against a basket of currencies as traders booked gains on its recent run-up spurred by the widening interest rate gaps in favour of the United States and signs of cooling growth in the rest of the world. The Swedi
Published 13 May, 2018 12:00am
Dollar resurgence to be short-lived, euro still favored
Currency

Dollar resurgence to be short-lived, euro still favored

The dollar's newfound shine will fade as the US economy's strength and higher interest rates won't support the currency's resurgence for longer than another three months at most, a Reuters poll found. After falling over 2 percent in the first quarter, in
Published 13 May, 2018 12:00am
Argentina peso hits record low; central bank intervenes
Currency

Argentina peso hits record low; central bank intervenes

Argentina's peso tumbled to a record low against the dollar on Friday, prompting the central bank to intervene in the spot market for a second straight day, as talks for an International Monetary Fund financing line failed to calm traders.
Published 13 May, 2018 12:00am
Canadian dollar falls from three-week high
Currency

Canadian dollar falls from three-week high

The Canadian dollar weakened against its US counterpart on Friday, with the currency pulling back from an earlier three-week high after domestic jobs data tempered expectations for a Bank of Canada interest rate hike this month. At 4 p.m. EDT (2000 GMT),
Published 13 May, 2018 12:00am
Russian companies to benefit from US-Iran withdrawal

Russian companies to benefit from US-Iran withdrawal

While Russia has condemned Washington for its withdrawal from the Iran nuclear deal, Moscow remains less exposed to the economic consequences of US sanctions than Europe and its companies could even benefit from the move. "The deal and the lifting of sanc
Published 13 May, 2018 12:00am
News Corp reports loss on writedowns, weakness in newspapers

News Corp reports loss on writedowns, weakness in newspapers

Rupert Murdoch's newspaper-focused News Corp on Thursday reported a loss in the past quarter, as results were hit by a writedown in the value of its Australian television operations and declines in print advertising revenues. The New York-based media grou
Published 13 May, 2018 12:00am
India's industrial growth slows to five-month low in March

India's industrial growth slows to five-month low in March

India's industrial output growth slowed to a five-month low of 4.4 percent in March, dragged down by smaller increases in mining, but the central bank is expected to hold interest rates in its next policy meeting amid growing inflation concerns.
Published 13 May, 2018 12:00am
China's Didi suspends car-pool service after passenger murder

China's Didi suspends car-pool service after passenger murder

Chinese ride-hailing giant Didi Chuxing said Friday it would suspend its car-pool service for a week as it deals with an outcry over the murder of a flight attendant found dead after ordering a ride home. The 21-year-old woman, identified by police only b
Published 13 May, 2018 12:00am
German firms positive about future

German firms positive about future

A record number of German companies believe economies in foreign markets where they do business will improve despite rising political and trade risks, a survey published on Friday showed. Some 40 percent of the 5,100 companies surveyed during March and Ap
Published 13 May, 2018 12:00am
Sri Lanka president visits Iran for oil trade deals

Sri Lanka president visits Iran for oil trade deals

Sri Lanka's President Maithripala Sirisena left on a two-day visit to Iran Saturday to improve trade relations and secure investment from the Islamic republic, his office said. Sirisena will hold talks with his Iranian counterpart Hassan Rouhani on streng
Published 13 May, 2018 12:00am
Parts shortage halts Mercedes Benz SUV production

Parts shortage halts Mercedes Benz SUV production

The parts shortage that halted production at Ford, General Motors and Fiat-Chrysler factories has now forced Mercedes-Benz to stop building SUVs at its plant in the US state of Alabama, the automaker said Friday. The Mercedes-Benz US International Inc. pl
Published 13 May, 2018 12:00am
Protests in Cairo over metro fare rises

Protests in Cairo over metro fare rises

Dozens of Egyptians have protested at Cairo metro stations in a rare display of public discontent as the government tightens spending and pushes austerity measures, according to posts on social media. The government raised the price of tickets on Cairo's
Published 13 May, 2018 12:00am
Software giant SAP navigates Russian risks

Software giant SAP navigates Russian risks

Most Western technology companies are losing ground in Russia under the weight of restrictive rules and mounting local competition. Germany's SAP is thriving. SAP is the clear leader in the Russian business-planning software market, supplying 53 of the to
Published 13 May, 2018 12:00am
Wall Street rises with healthcare rally after Trump's speech
Currency

Wall Street rises with healthcare rally after Trump's speech

The S&P 500 rose on Friday, helped by healthcare stocks after President Donald Trump blasted high drug prices but avoided taking aggressive measures to cut them. Johnson & Johnson and Pfizer each rose over 1 percent while Merck & Co jumped 2.8 percent aft
Published 13 May, 2018 12:00am
Buffett bashes bitcoin as thriving on mystique, favours stocks
Currency

Buffett bashes bitcoin as thriving on mystique, favours stocks

Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as "rat poison squared," thrive on the hope they'll find other people who will pay more for it. Likening bitcoin demand to the tulip bulb mania in 17th centur
Published 13 May, 2018 12:00am
AXA's US float falls short but says XL financing on track

AXA's US float falls short but says XL financing on track

AXA's listing of its US division raised less than targeted, but the French group said the proceeds were enough to ensure it can pursue a $15.3 billion acquisition of XL Group. Europe's second-biggest insurer by market capitalisation behind Allianz said it
Published 13 May, 2018 12:00am
Cyber security firm Avast falls in LSE's biggest debut of the year

Cyber security firm Avast falls in LSE's biggest debut of the year

Cyber security firm Avast shares were down 2.6 percent in early trade on Thursday in the London Stock Exchange's biggest debut in almost a year. Priced at 250 pence per share, the private equity-backed firm was trading at 243.5 pence as of 0801 GMT. Banke
Published 13 May, 2018 12:00am
Cyber security firm Avast falls in LSE's biggest debut of the year

Cyber security firm Avast falls in LSE's biggest debut of the year

Cyber security firm Avast shares were down 2.6 percent in early trade on Thursday in the London Stock Exchange's biggest debut in almost a year. Priced at 250 pence per share, the private equity-backed firm was trading at 243.5 pence as of 0801 GMT. Banke
Published 13 May, 2018 12:00am
Rate hikes, soft data flatten yield curve to decade low

Rate hikes, soft data flatten yield curve to decade low

The Treasury yield curve on Friday was the flattest it had been since July 2007 as shorter-dated yields rose on expectations the Federal Reserve would hike US interest rates in spite of weaker-than-expected economic data this week. The spread between the
Published 13 May, 2018 12:00am
Rate hikes, soft data flatten yield curve to decade low

Rate hikes, soft data flatten yield curve to decade low

The Treasury yield curve on Friday was the flattest it had been since July 2007 as shorter-dated yields rose on expectations the Federal Reserve would hike US interest rates in spite of weaker-than-expected economic data this week. The spread between the
Published 13 May, 2018 12:00am
Foreign selling of Asian stocks accelerated as trade tensions rose

Foreign selling of Asian stocks accelerated as trade tensions rose

Foreigners withdrew money from Asian equity markets for the third consecutive month in April as rising US bond yields and trade tensions between the United States and China soured investors' appetite for riskier assets. Overseas investors sold about $6.5
Published 13 May, 2018 12:00am
Japanese investors buy record amount of Spanish bonds
Currency

Japanese investors buy record amount of Spanish bonds

Japanese investors bought a record 282.1 billion yen ($2.57 billion) of Spanish bonds in March, Japanese government data showed on Thursday, highlighting increased foreign demand for euro zone debt. Net Japanese buying of Spanish bonds surpassed a previou
Published 13 May, 2018 12:00am
Japanese investors buy record amount of Spanish bonds
Currency

Japanese investors buy record amount of Spanish bonds

Japanese investors bought a record 282.1 billion yen ($2.57 billion) of Spanish bonds in March, Japanese government data showed on Thursday, highlighting increased foreign demand for euro zone debt. Net Japanese buying of Spanish bonds surpassed a previou
Published 13 May, 2018 12:00am
China wants banks, brokerages to buy more local government bonds

China wants banks, brokerages to buy more local government bonds

China will encourage banks, brokerages, insurers and individuals to invest more in local government bonds as part of steps to shore up their bond issuance, the finance ministry said on Tuesday. Beijing has pushed to get local governments' borrowing under
Published 13 May, 2018 12:00am
China wants banks, brokerages to buy more local government bonds

China wants banks, brokerages to buy more local government bonds

China will encourage banks, brokerages, insurers and individuals to invest more in local government bonds as part of steps to shore up their bond issuance, the finance ministry said on Tuesday. Beijing has pushed to get local governments' borrowing under
Published 13 May, 2018 12:00am
Canadian main index rises

Canadian main index rises

The Toronto Stock Exchange's S&P/TSX rose 23.82 points, or 0.15 percent, to 15,983.32, its seventh straight gain. The index rose 1.6 for the week, its best weekly performance since mid-February. The biggest contributor to the TSX gain was Enbridge with 10
Published 13 May, 2018 12:00am
Hot-money risks seen rising as India courts 'bond tourists'
Currency

Hot-money risks seen rising as India courts 'bond tourists'

A series of measures from India's central bank to lure foreign buyers into the country's short-term debt market could easily backfire, investors fear, exposing the economy to volatile "hot money" flows. The Reserve Bank of India lifted (RBI) a restriction
Published 13 May, 2018 12:00am
Hot-money risks seen rising as India courts 'bond tourists'
Currency

Hot-money risks seen rising as India courts 'bond tourists'

A series of measures from India's central bank to lure foreign buyers into the country's short-term debt market could easily backfire, investors fear, exposing the economy to volatile "hot money" flows. The Reserve Bank of India lifted (RBI) a restriction
Published 13 May, 2018 12:00am
Heavy rains hit harvest of Argentine soya crop
Currency

Heavy rains hit harvest of Argentine soya crop

Soya harvesting machines are getting stuck in the mud as they try to move over water-logged fields in Argentina, threatening the country's main cash crop as the government tries to stabilize its volatile peso currency and meet its new deficit target. The
Published 13 May, 2018 12:00am
EU cereal crops in good shape, dryness a risk in east

EU cereal crops in good shape, dryness a risk in east

Cereal crops in the EU are generally in good shape, partly reflecting improved conditions in Spain after drought last year, but grain belts in the east of the bloc could suffer if hot weather continues, analyst firm Strategie Grains said. After a chilly,
Published 13 May, 2018 12:00am
Chinese iron ore, steel little changed; outlook firm

Chinese iron ore, steel little changed; outlook firm

China's iron and steel market wobbled to find a direction on Thursday as spot trading continued to be dull, although analysts held onto a positive outlook for the world's largest steelmaking country. The most-active construction rebar futures on the Shang
Published 13 May, 2018 12:00am
Asian naphtha rises to 4-1/2 month high

Asian naphtha rises to 4-1/2 month high

Asia's naphtha crack extended gains for the sixth straight session to hit a near 4-1/2 month high on Thursday at $106.03 a tonne as supplies were squeezed while demand stayed firm. Formosa, Asia's top naphtha buyer, bought around 100,000 tonnes of open-sp
Published 13 May, 2018 12:00am
European wheat prices lower after USDA monthly report

European wheat prices lower after USDA monthly report

European wheat prices turned lower on Thursday as the market digested a monthly report issued by the US Department of Agriculture which also triggered losses in Chicago. The government report put US wheat ending stocks at 955 million bushels for 2018/19 a
Published 13 May, 2018 12:00am
Brazil's second-corn output to drop 12 percent

Brazil's second-corn output to drop 12 percent

Brazil's 2017-18 second-corn crop output is expected to fall by 12 percent this season, consultancy Agroconsult said on Thursday, citing a poor climate and a small reduction of planted area. Brazil's second-corn crop will fall to 60.2 million tonnes this
Published 13 May, 2018 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Thursday, getting a boost from higher soyabean prices after a US report forecast smaller than expected supplies. The US Department of Agriculture projected soyabean ending stocks at the end of the 2018-19 marketing year
Published 13 May, 2018 12:00am
China plans to open more iron ore futures markets
Currency

China plans to open more iron ore futures markets

China plans to open more of its futures contracts to foreign investors, a senior official said on Friday, as Beijing launched its "internationalised" iron ore contract, part of a bid to boost its sway over pricing of major commodity imports. Global mercha
Published 13 May, 2018 12:00am
Subdued business on cotton market
Cotton

Subdued business on cotton market

Subdued business was seen on the local market on Saturday as most of the leading buyers kept on the sidelines due to short supply position, dealers said. The official spot rate was unchanged at Rs 7400, they added. In the ready session, approximately, 100
Published 13 May, 2018 12:00am
China to cut soyabean imports as trade row boosts prices

China to cut soyabean imports as trade row boosts prices

China will cut its soyabean imports for the first time in 15 years in 2018/19, the agriculture ministry forecast on Thursday, as a trade spat with the United States pushes pig farmers in the world's top buyer to seek cheaper proteins. In its first predict
Published 13 May, 2018 12:00am
Vietnamese rice export prices up to four-year high

Vietnamese rice export prices up to four-year high

Export prices for rice surged to a near four-year high in Vietnam this week due to strong demand, while slow buying interest put pressure on prices of Indian rice. The threat of floods also raised the prospect of Bangladesh stepping up purchases. Vietnam'
Published 13 May, 2018 12:00am
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