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Archive - 2018-05-14
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Talking stocks

With about 3000 points lopped from the benchmark index of Pakistan Stock Exchange (PSX), red screens been dominating the
Published 14 May, 2018 06:44am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

A kind of firmness prevailed on the money market as the rupee maintained a firm posture against the dollar during the week, ended on May 12, 2018. In the open market, the rupee posted fresh gains of 20 paisas against the dollar for buying at Rs 117.30 whi
Published 14 May, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

A kind of firmness prevailed on the money market as the rupee maintained a firm posture against the dollar during the week, ended on May 12, 2018. In the open market, the rupee posted fresh gains of 20 paisas against the dollar for buying at Rs 117.30 whi
Published 14 May, 2018 12:00am
'Misleading' statement on Mumbai attacks: NSC meeting today

'Misleading' statement on Mumbai attacks: NSC meeting today

A meeting of the National Security Committee (NSC) has been suggested to Prime Minister Shahid Khaqan Abbasi to discuss misleading media statement on the Mumbai incident, Director-General of the Inter-Services Public Relations said on Sunday.
Published 14 May, 2018 12:00am
'Misleading' statement on Mumbai attacks: NSC meeting today

'Misleading' statement on Mumbai attacks: NSC meeting today

A meeting of the National Security Committee (NSC) has been suggested to Prime Minister Shahid Khaqan Abbasi to discuss misleading media statement on the Mumbai incident, Director-General of the Inter-Services Public Relations said on Sunday.
Published 14 May, 2018 12:00am
Nawaz needs no certificate from anyone: PML-N

Nawaz needs no certificate from anyone: PML-N

Pakistan Muslim League-Nawaz (PML-N) has clarified the recent interview of its Quaid and former prime minister Muhammad Nawaz Sharif he gave to a Karachi-based English daily. The PML-N spokesperson in a statement said the remarks of the Quaid have been gr
Published 14 May, 2018 12:00am
Nawaz needs no certificate from anyone: PML-N

Nawaz needs no certificate from anyone: PML-N

Pakistan Muslim League-Nawaz (PML-N) has clarified the recent interview of its Quaid and former prime minister Muhammad Nawaz Sharif he gave to a Karachi-based English daily. The PML-N spokesperson in a statement said the remarks of the Quaid have been gr
Published 14 May, 2018 12:00am
Many dead among 25 students swept away in the Neelum Valley

Many dead among 25 students swept away in the Neelum Valley

More than 25 tourists, mostly students from Punjab, were swept away when a bridge collapsed in the Neelum Valley of Azad Kashmir on Sunday. According to the police, the bridge collapsed due to overload when the touring students from Punjab were crossing i
Published 14 May, 2018 12:00am
Many dead among 25 students swept away in the Neelum Valley

Many dead among 25 students swept away in the Neelum Valley

More than 25 tourists, mostly students from Punjab, were swept away when a bridge collapsed in the Neelum Valley of Azad Kashmir on Sunday. According to the police, the bridge collapsed due to overload when the touring students from Punjab were crossing i
Published 14 May, 2018 12:00am
PSX closes on negative note

PSX closes on negative note

Pakistan Stock Exchange witnessed declining trend during the outgoing week ended on May 11, 2018 due to selling in various sectors. BRIndex100 lost 101.06 points on week-on-week basis to close at 4,651.75 points with average daily trading volumes of 134.1
Published 14 May, 2018 12:00am
PSX closes on negative note

PSX closes on negative note

Pakistan Stock Exchange witnessed declining trend during the outgoing week ended on May 11, 2018 due to selling in various sectors. BRIndex100 lost 101.06 points on week-on-week basis to close at 4,651.75 points with average daily trading volumes of 134.1
Published 14 May, 2018 12:00am
PSX closes on negative note

PSX closes on negative note

Pakistan Stock Exchange witnessed declining trend during the outgoing week ended on May 11, 2018 due to selling in various sectors. BRIndex100 lost 101.06 points on week-on-week basis to close at 4,651.75 points with average daily trading volumes of 134.1
Published 14 May, 2018 12:00am
Futures spread down by 233 basis points

Futures spread down by 233 basis points

The futures spread declined by 233bps to 2.31 percent on the last day of outgoing week. Trading activities on the futures counter remained thin as average daily turnover decreased by 18.2 percent to 35.73 million shares. Average daily trading value, howev
Published 14 May, 2018 12:00am
Futures spread down by 233 basis points

Futures spread down by 233 basis points

The futures spread declined by 233bps to 2.31 percent on the last day of outgoing week. Trading activities on the futures counter remained thin as average daily turnover decreased by 18.2 percent to 35.73 million shares. Average daily trading value, howev
Published 14 May, 2018 12:00am
Written off loans: SC issues notices to 222 beneficiaries

Written off loans: SC issues notices to 222 beneficiaries

The Supreme Court on Sunday issued notices to 222 beneficiaries, who illegally got their loans written off and against whom the commission had recommended further action. A two-judge bench comprising Chief Justice Mian Saqib Nisar and Justice Mushir Alam
Published 14 May, 2018 12:00am
Written off loans: SC issues notices to 222 beneficiaries

Written off loans: SC issues notices to 222 beneficiaries

The Supreme Court on Sunday issued notices to 222 beneficiaries, who illegally got their loans written off and against whom the commission had recommended further action. A two-judge bench comprising Chief Justice Mian Saqib Nisar and Justice Mushir Alam
Published 14 May, 2018 12:00am
Imran isn't our blue-eyed boy: CJP

Imran isn't our blue-eyed boy: CJP

Chief Justice of Pakistan Mian Saqib Nisar on Sunday rebuffed the claims of ousted prime minister Nawaz Sharif and made it clear that Imran is not "our blue-eyed boy." The chief justice rejected this claim when he was hearing a suo motu case pertaining to
Published 14 May, 2018 12:00am
Imran isn't our blue-eyed boy: CJP

Imran isn't our blue-eyed boy: CJP

Chief Justice of Pakistan Mian Saqib Nisar on Sunday rebuffed the claims of ousted prime minister Nawaz Sharif and made it clear that Imran is not "our blue-eyed boy." The chief justice rejected this claim when he was hearing a suo motu case pertaining to
Published 14 May, 2018 12:00am
PM wants exporters to push export to $100 billion

PM wants exporters to push export to $100 billion

Prime Minister Shahid Khaqan Abbasi Sunday stressed upon the exporters to increase Pakistan's exports to at least $ 100 billion as the country had immense potential to compete in the global markets. He said the government had already met the demands of in
Published 14 May, 2018 12:00am
PTM stages first rally in Karachi

PTM stages first rally in Karachi

Pashtun rights group on Sunday staged its first rally in Karachi, the site of a killing in January that sparked the movement and led to nationwide protests and rallies. The Pashtun Tahaffuz Movement (PTM) emerged after the January killing by police of Pa
Published 14 May, 2018 12:00am
Mega land scam: Ex-NICL chief Niazi arrested

Mega land scam: Ex-NICL chief Niazi arrested

Former chairman National Insurance Company Limited (NICL) Ayaz Khan Niazi was taken into custody in mega land scam by the National Accountability Bureau (NAB) after the apex court's directive on Sunday that he should be dealt in accordance with the law.
Published 14 May, 2018 12:00am
Mega land scam: Ex-NICL chief Niazi arrested

Mega land scam: Ex-NICL chief Niazi arrested

Former chairman National Insurance Company Limited (NICL) Ayaz Khan Niazi was taken into custody in mega land scam by the National Accountability Bureau (NAB) after the apex court's directive on Sunday that he should be dealt in accordance with the law.
Published 14 May, 2018 12:00am
Family of IS-inspired bombers attack Indonesian churches

Family of IS-inspired bombers attack Indonesian churches

A family of six launched suicide attacks on Christians attending Sunday services at three churches in Indonesia's second-largest city of Surabaya, killing at least 13 people and wounding 40, officials said.
Published 14 May, 2018 12:00am
Family of IS-inspired bombers attack Indonesian churches

Family of IS-inspired bombers attack Indonesian churches

A family of six launched suicide attacks on Christians attending Sunday services at three churches in Indonesia's second-largest city of Surabaya, killing at least 13 people and wounding 40, officials said.
Published 14 May, 2018 12:00am
Sindh budget: a routine affair
Cotton

Sindh budget: a routine affair

Sindh Budget for FY19 presented by Chief Minister Syed Murad Ali Shah, who also happens to be the Finance Minister of the province, was a routine affair and is barefoot of any major initiative except that its authorisation was sought for only three months
Published 14 May, 2018 12:00am
'Extraordinary' US-China clash at WTO

'Extraordinary' US-China clash at WTO

Clashes between China and the US at 164-member World Trade Organization (WTO) which the former joined in 2001 are not new but what happened at world's trade body on last Tuesday ahead of fresh talks between the top two economies on averting a trade war ca
Published 14 May, 2018 12:00am
Water sector crisis

Water sector crisis

Dire warnings by domestic and international water experts for well over two decades of a severe water crisis facing Pakistan (projected to dry up by 2025) have largely been ignored by successive centre and provincial governments, including the incumbent -
Published 14 May, 2018 12:00am
Trumpet of War

Trumpet of War

For a President who proclaimed an anti-war stance to win the election President Trump is trying his level best to do otherwise. From bombing Afghanistan with the mother of all bombs, to attacking Syrian bases and now cancelling the nuclear deal with Iran,
Published 14 May, 2018 12:00am
Airbus, Boeing fly into lucrative services market

Airbus, Boeing fly into lucrative services market

Airbus and Boeing may have built their global success on the back of the transcontinental airliners but they are now eyeing a lucrative if rather less glamorous side of the aviation sector in their battle to dominate the skies - parts and repairs. While b
Published 14 May, 2018 12:00am
Peace in Afghanistan

Peace in Afghanistan

That Prime Minister Shahid Khaqan Abbasi is a highly optimistic person is a fact; he believes in himself and his nation as well. The prime minister has plausibly argued that maritime is critical to every country and providing access to sea is critical to
Published 14 May, 2018 12:00am
KP economy witnesses steady growth: Economic Review

KP economy witnesses steady growth: Economic Review

The Khyber Pakhtunkhwa's economy during the last four years has witnessed a steady growth. The GDP in FY 2013-14 witnessed a growth of 5.18 percent, which continued its steady performance in 2014-15 with a growth rate of 5.23 percent, said the second edit
Published 14 May, 2018 12:00am
India bars Faiz's daughter from attending moot

India bars Faiz's daughter from attending moot

The Indian government did not permit daughter of famous poet Faiz Ahmed Faiz's daughter Moneeza Hashmi to participate in a conference in India after being officially invited, her son, Ali Madeeh Hashmi lamented on Twitter.
Published 14 May, 2018 12:00am
PZM organises rally to express solidarity with Army

PZM organises rally to express solidarity with Army

Pakistan Zindabad Movement (PZM) on Sunday arranged a public gathering in district Swabi and expressed solidarity with Pakistan Army. Addressing the public gathering, PZM district Nowshera President Aqlim Khattak, Major Fazal Akram (Retired), Rehana Noor,
Published 14 May, 2018 12:00am
PAT for Nawaz's arrest under official secret act

PAT for Nawaz's arrest under official secret act

Pakistan Awami Tehreek has demanded that the disqualified Prime Minister Nawaz Sharif be arrested under the official secret Act on account of violating his oath of office and making misleading remarks against interests of the country regarding Mumbai atta
Published 14 May, 2018 12:00am
PM inquires after Ahsan's health

PM inquires after Ahsan's health

Prime Minister Shahid Khaqan Abbasi on Sunday visited the Services Hospital to inquire after the health of Interior Minister Ahsan Iqbal. Foreign and Defence Minister Khurram Dastagir also accompanied the prime minister. The prime minister stayed with the
Published 14 May, 2018 12:00am
25 passengers injured as coach overturns

25 passengers injured as coach overturns

At least 25 people were injured when a passenger coach overturned here on Sunday. Police said that a Karachi bound passenger coach coming from Mansehra turned turtle while trying to save a tractor trolley moving ahead in Zor Garh area of tehsil Kandhkot o
Published 14 May, 2018 12:00am
Rs 200 million grants under ERKF approved for 180 crisis-hit SMEs

Rs 200 million grants under ERKF approved for 180 crisis-hit SMEs

The Economic Revitalization of Khyber Pakhtunkhwa and FATA (ERKF) Project funded by Multi Donor Trust Fund (MDTF) for the rehabilitation and up-gradation of SMEs has so far approved an amount of Rs200 million for about 180 crisis-hit SMEs. Under the Secon
Published 14 May, 2018 12:00am
Prolonged outages: Pano Aqil residents block National Highway

Prolonged outages: Pano Aqil residents block National Highway

The residents of Pano Aqil tehsil took to the streets Sunday against prolonged load-shedding, blocking the National Highway for traffic. According to the protesters, they were facing 18 to 20 hours long outages but the officials of Sukkur's power utility,
Published 14 May, 2018 12:00am
Economic policies being framed by IMF, World Bank, says Fazl

Economic policies being framed by IMF, World Bank, says Fazl

Muttahida Majlis-e-Amal (MMA) president Maulana Fazlur Rehman said at the Minar-e-Pakistan public meeting on Sunday that the real challenge before the MMA is to win the 2018 Elections. "We had not accepted the leadership of secular and pro-US rulers in th
Published 14 May, 2018 12:00am
E-cigarette trend in youth on the rise in twin cities

E-cigarette trend in youth on the rise in twin cities

The increasing use of nicotine products was becoming a cause of concern for public health experts, as the trend of e-cigarette was gradually increasing in youth of twin cities of Rawalpindi and Islamabad. According to health experts, recent surveys have i
Published 14 May, 2018 12:00am
Punjab government takes revolutionary steps in P&SH sector: minister

Punjab government takes revolutionary steps in P&SH sector: minister

Provincial Minister for Primary & Secondary Health Khawaja Imran Nazir has said that Punjab government has taken revolutionary steps in primary & secondary healthcare sector during the last two and a half years. He said that revamping of Tehsil and distri
Published 14 May, 2018 12:00am
PM grieved

PM grieved

Prime Minister Shahid Khaqan Abbasi Sunday expressed his deep grief and sorrow over the Neelum Valley mishap. He has directed all the departments concerned to expedite the rescue efforts, the PM Office Media Wing said in a press release. A number of peopl
Published 14 May, 2018 12:00am
Prices of food items witness increase ahead of Ramazan

Prices of food items witness increase ahead of Ramazan

A manifold increase in prices of important kitchen items, like pulses, vegetable, chicken, sugar, fruits, flour was witnessed ahead of the holy month of Ramazan in retail market, according to survey conducted by Business Recorder here on Sunday.
Published 14 May, 2018 12:00am
PDWP approves Rs 1.29 billion for Gujranwala medical college

PDWP approves Rs 1.29 billion for Gujranwala medical college

Punjab Provincial Development Working Party has approved an amount of Rs 1.291 billion for the establishment of Gujranwala Medical College in its 64th meeting of current fiscal year presided over by Chairman P&D Muhammad Jahanzeb Khan. Secretary, all Memb
Published 14 May, 2018 12:00am
SC orders PIA MD not to remove national flag from aircraft's tail

SC orders PIA MD not to remove national flag from aircraft's tail

The Supreme Court on Sunday ordered Pakistan International Airline (PIA) managing director not to remove national flag from the tail of PIA planes till further direction. A two-judge bench comprising Chief Justice Mian Saqib Nisar and Justice Mushir Alam
Published 14 May, 2018 12:00am
Elahi accuses Nawaz of committing treason to hide his corruption

Elahi accuses Nawaz of committing treason to hide his corruption

Pakistan Muslim League-Q (PML) senior leader and former Chief Minister Ch Pervez Elahi has expressed anger and wrath over Nawaz Sharif's interview about terrorism in India and said Nawaz Sharif has stooped to commit high treason against the country to hid
Published 14 May, 2018 12:00am
Deaf & dumb girl reunites with her family

Deaf & dumb girl reunites with her family

The Motorway Police, South Zone (NH&MP) has reunited an 8-year-old deaf & dumb girl with her family, she was lost near Lahore by-Pass. The girl who was weeping was found on Motorway in the area of Beat 12. The Motorway Police DSP Muhammed Afzal, SPO Khadi
Published 14 May, 2018 12:00am
Women on wheels Minister hands over motorbikes to 700 women

Women on wheels Minister hands over motorbikes to 700 women

In order to empower women in the society, Punjab Excise Minister Mian Mujtaba Shujaur Rehman handed over keys of motorbikes to as many as 700 ladies in a function held here on Sunday at Alhamra Hall. After the function, the women on wheels held a motorbik
Published 14 May, 2018 12:00am
Mumbai attacks: Sherry blames Nawaz for backing Modi's stance

Mumbai attacks: Sherry blames Nawaz for backing Modi's stance

Pakistan People's Party (PPP) leader and Opposition leader in Senate Sherry Rehman on Sunday slammed Nawaz Sharif for his recent remarks regarding the Mumbai attacks and said he seems to have supported the Indian Prime Minister Modi's stance.
Published 14 May, 2018 12:00am
Punjab government's supplementary budget today

Punjab government's supplementary budget today

The Punjab government will present its supplementary Budget today for the fiscal year 2017-18 worth over 155 billion. In this regard, the Punjab governor has summoned the session of the Punjab Assembly on Monday, 14 May 3pm to present the Supplementary Bu
Published 14 May, 2018 12:00am
Punjab government's supplementary budget today

Punjab government's supplementary budget today

The Punjab government will present its supplementary Budget today for the fiscal year 2017-18 worth over 155 billion. In this regard, the Punjab governor has summoned the session of the Punjab Assembly on Monday, 14 May 3pm to present the Supplementary Bu
Published 14 May, 2018 12:00am
Malik holds India responsible for Mumbai attacks

Malik holds India responsible for Mumbai attacks

Former interior minister and Pakistan Peoples Party's central leader Rehman Malik holds India responsible for the Mumbai attacks. In a statement here on Sunday, he said the state of Pakistan had played no role in the incident. He said that the incident ha
Published 14 May, 2018 12:00am
Imran accuses Nawaz of speaking Modi's language

Imran accuses Nawaz of speaking Modi's language

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Sunday took his political opponent ousted prime minister Nawaz Sharif to task over his statement with regard to the Mumbai attacks. In a statement on his official twitter account, the PTI chief said, "
Published 14 May, 2018 12:00am
JI slams Nawaz's statement on Mumbai attacks

JI slams Nawaz's statement on Mumbai attacks

Jamaat-e-Islami (JI) Khyber Pakhtunkhwa Ameer, Senator Mushtaq Ahmad Khan has strongly reacted to the statement of former prime minister Nawaz Sharif on 2008 Mumbai attacks, saying that Nawaz Sharif wants to only appease the India by alleging Pakistan for
Published 14 May, 2018 12:00am
NA 21 and PK-53 Hoti announces to start election campaign

NA 21 and PK-53 Hoti announces to start election campaign

Former Chief Minister Ameer Haidar Khan Hoti has announced to start election campaign for National Assembly constituency NA-21 and provincial assembly constituency PK -53. In this connection, he also formed a committee of female and male to start election
Published 14 May, 2018 12:00am
APHC condemns detention of TeH leaders, activists

APHC condemns detention of TeH leaders, activists

In Indian Held Kashmir (IHK), the All Parties Hurriyat Conference has strongly condemned the illegal detention of Tehreek-e-Hurriyat leader, Muhammad Rafiq Owaisi and Jamaat-e-Islami leader, Bashir Ahmad Lone. The APHC spokesman in a statement issued in S
Published 14 May, 2018 12:00am
Ex MNA's son among two shot dead

Ex MNA's son among two shot dead

Son of former MNA among two people were shot dead here on Sunday. According to details, the incident took place in Mir Ali area of Miranshah in North Waziristan Agency (NWA) where armed men killed two over personal grudge. The deceased included son of for
Published 14 May, 2018 12:00am
Urea prices likely to shoot up

Urea prices likely to shoot up

The domestic fertilizer industry is likely to further increase urea prices by Rs 200 per bag in case government fails to release remaining subsidy, well informed sources in Ministry of National Food Security and Research (MoNFS&R) told Business Recorde
Published 14 May, 2018 12:00am
Sherpao for boosting trade activities with Afghanistan

Sherpao for boosting trade activities with Afghanistan

Chairman, Qaumi Watan Party, Aftab Ahmed Khan Sherpao has stressed upon Islamabad and Kabul to strengthen the trade activities on both sides. He said that Afghanistan should also be included in CPEC and an Economic Zone like Nowshera to be constructed in
Published 14 May, 2018 12:00am
Foolproof security arrangements finalised for Ramadan

Foolproof security arrangements finalised for Ramadan

The police have finalized security plan for Ramadan ul Mubarik and 3500 police personnel, police national volunteers, private security guards and ladies police personnel will be deployed for security over 2000 mosques, 87 Imam Barghas and other important
Published 14 May, 2018 12:00am
Pakistan faces perception issue in international media: Janjua

Pakistan faces perception issue in international media: Janjua

National Security Adviser Lieutenant-General Nasser Khan Janjua (retd) said on Sunday that Pakistan faces a perception problem in international mediaa which needs to be corrected He said this while speaking at an international conference on news agencies
Published 14 May, 2018 12:00am
MWM supporters stage rally against Trump admin

MWM supporters stage rally against Trump admin

Allama Raja Nasir Abbas Jafari-led supporters of Majlis-e-Wahdat-e-Muslimeen staged a rally on 'Down with USA Day' on Sunday in Karachi where they marched from Numaish Chowrangi to Tibet Centre on MA Jinnah Road. The MWM chief had appealed to the supporte
Published 14 May, 2018 12:00am
Pakistan-China friendship time-tested reality: KP governor

Pakistan-China friendship time-tested reality: KP governor

Khyber Pakhtunkhwa Governor, Eng Iqbal Zafar Jhagra has said that the Pak-China friendship is a time tested reality and we weigh it on the basis of sincerity, commitment and trust and also feel proud of it. He was addressing as the chief guest at the perf
Published 14 May, 2018 12:00am
Missing KU professor back home

Missing KU professor back home

The professor of University of Karachi, who had gone missing, has returned home. According to an association of Karachi University professors, Associate Professor Dr Riaz Ahmed, who was working at the applied chemistry department, was missing since 24 hou
Published 14 May, 2018 12:00am
Bridge collapse mishap: CoAS grieved over loss of precious lives

Bridge collapse mishap: CoAS grieved over loss of precious lives

Chief of Army Staff (CoAS), General Qamar Javed Bajwa has expressed deep grief and sorrow over the loss of precious lives in bridge collapse incident in Neelum Valley of Azad Jammu and Kashmir (AJK). The Inter-Services Public Relations (ISPR) in a stateme
Published 14 May, 2018 12:00am
Mothers anxiously await for missing sons in IHK

Mothers anxiously await for missing sons in IHK

When the whole world was observing Mother's Day, thousands of Kashmiri women in Indian Occupied Kashmir continue to wait for the return of their sons killed in fake encounters or subjected to disappearance in custody by Indian troops in occupied Kashmir o
Published 14 May, 2018 12:00am
Media can play effective role in bridging gaps among nations: Marriyum

Media can play effective role in bridging gaps among nations: Marriyum

Minister for Information and Broadcasting Marriyum Aurangzeb Sunday said media could be an effective tool in bridging the gaps and catering to the appetite for peace and stability among the nations having tense borders. She was addressing the opening cere
Published 14 May, 2018 12:00am
Pasban holds rally to highlight issues of Karachi

Pasban holds rally to highlight issues of Karachi

The supporters of Pasban staged a 'Mega City-Mega March' to highlight the issues of this port city on Sunday. The Pasban activists and sympathisers marched from the Mazar-e-Quaid to Tibet Centre. A large number of citizens belonging to all walks of life,
Published 14 May, 2018 12:00am
Zardari grieves over loss of lives in AJK, Fata

Zardari grieves over loss of lives in AJK, Fata

Former President of Pakistan and President Pakistan Peoples Party Parliamentarians Asif Ali Zardari has expressed his deep grief and sorrow over two disastrous incidents, one in Neelum Valley in Azad Jummu Kashmir where a bridge collapsed killing several
Published 14 May, 2018 12:00am
Four-member thieves gang busted

Four-member thieves gang busted

The police have claimed that they have arrested four members inter-provincial gang of thieves in jurisdiction of Nasirbagh police station and recovered the stolen amount and 25 tolas of gold on Sunday. Addressing a press conference here, SSP operation Jav
Published 14 May, 2018 12:00am
Iran's FM arrives in China on diplomatic tour to save nuclear deal

Iran's FM arrives in China on diplomatic tour to save nuclear deal

Iran's foreign minister arrived in Beijing Sunday, Iranian media said, on the first leg of a whirlwind diplomatic tour designed to try and rescue the nuclear deal left on the brink of collapse after the US pulled out. Mohammad Javad Zarif will later fly t
Published 14 May, 2018 12:00am
Rouhani says Iran may remain part of nuclear accord

Rouhani says Iran may remain part of nuclear accord

President Hassan Rouhani said on Sunday that Iran would remain committed to the 2015 nuclear deal if its interests were protected, while his foreign minister hoped the pact could be redesigned without Washington as a member. The US withdrawal from the acc
Published 14 May, 2018 12:00am
Iran official says Europe has 60 days to give nuclear 'guarantees'

Iran official says Europe has 60 days to give nuclear 'guarantees'

European countries have 60 days to provide "guarantees" to safeguard Iran's interests after the United States withdrew from the 2015 nuclear deal, parliament's website said quoting an Iranian official. "The Europeans have between 45 and 60 days to give th
Published 14 May, 2018 12:00am
Erdogan in Britain for talks with 'valuable' ally

Erdogan in Britain for talks with 'valuable' ally

Turkish President Recep Tayyip Erdogan said Britain was a "valuable and reliable" strategic ally after he arrived in the UK on Sunday ahead of talks with Prime Minister Theresa May. Erdogan said he wanted to boost trade and security ties between London an
Published 14 May, 2018 12:00am
British PM says 'trust me' on Brexit

British PM says 'trust me' on Brexit

British Prime Minister Theresa May insisted Sunday she could be trusted to deliver a good Brexit deal as she tried to mend government rifts over the best way forward. May's Conservative administration is divided on what sort of customs agreement Britain s
Published 14 May, 2018 12:00am
Kidnapped UK tourists released

Kidnapped UK tourists released

Two British tourists who were kidnapped in the Democratic Republic of Congo have been freed, Foreign Secretary Boris Johnson said Sunday. Their vehicle was attacked on Friday in the Virunga national park, a famed haven for gorillas and other endangered sp
Published 14 May, 2018 12:00am
US ready to offer North Korea security assurances: Pompeo

US ready to offer North Korea security assurances: Pompeo

The United States is prepared to offer North Korea security assurances if it makes the strategic choice to give up its nuclear weapons, US Secretary of State Mike Pompeo said Sunday. Pompeo cast US President Donald Trump's June 12 summit with Kim Jong Un
Published 14 May, 2018 12:00am
Saudi troops arrive on Yemen's Socotra after UAE tensions

Saudi troops arrive on Yemen's Socotra after UAE tensions

Saudi troops have been deployed to the Yemeni island of Socotra following tensions over the United Arab Emirates' presence there, the Saudi-led coalition fighting rebels in Yemen said Sunday. "Saudi forces have arrived on the island of Socotra... to train
Published 14 May, 2018 12:00am
At least ten dead after bomb, gun battle in Jalalabad

At least ten dead after bomb, gun battle in Jalalabad

At least ten people were killed and more than 40 injured when militants detonated bombs and stormed a government building Sunday in an hours-long attack in an eastern Afghan city claimed by the Islamic State group, officials said. The assault in the easte
Published 14 May, 2018 12:00am
First China-made aircraft carrier starts sea trials

First China-made aircraft carrier starts sea trials

China's first domestically manufactured aircraft carrier started sea trials Sunday, state media said, a landmark in Beijing's ambitious plans to modernise its navy as the Asian giant presses its claims in disputed regional waters. The carrier, known only
Published 14 May, 2018 12:00am
Paris knife attacker was French citizen born in Chechnya

Paris knife attacker was French citizen born in Chechnya

Police on Sunday scoured the background of a Chechnya-born Frenchman who killed a man in a knife attack in Paris, questioning the parents and a friend of the 21-year old, who had been flagged previously as a potential security risk. Late on Saturday, the
Published 14 May, 2018 12:00am
Israelis march, bask in pro-US fervour ahead of embassy move

Israelis march, bask in pro-US fervour ahead of embassy move

Israelis basked in national pride and pro-American fervour on Sunday as tens of thousands participated in a Jerusalem march, a day ahead of the controversial US embassy move to the disputed city. Palestinians meanwhile readied for their own protests on Mo
Published 14 May, 2018 12:00am
Israel approves controversial Jerusalem cable car project

Israel approves controversial Jerusalem cable car project

Israel's government on Sunday gave the green light to a controversial cable car project planned to run between West Jerusalem and the Old City in annexed east Jerusalem. The decision came on the eve of the US moving its embassy from Tel Aviv to the disput
Published 14 May, 2018 12:00am
Ireland following on, 116 runs behind Pakistan

Ireland following on, 116 runs behind Pakistan

Ireland were 64 without loss in their second innings, a deficit of 116 runs, at stumps on the third day of their inaugural Test after being made to follow-on by Pakistan at Malahide on Sunday. Ed Joyce was 39 not out and Ireland captain William Porterfiel
Published 14 May, 2018 12:00am
Boxing: lomachenko stops Linares for historic third world title

Boxing: lomachenko stops Linares for historic third world title

Vasyl Lomachenko stopped Jorge Linares in the 10th round on Saturday to claim the World Boxing Association lightweight world title and a slice of boxing history at Madison Square Garden. Ukraine's Lomachenko survived a sixth-round knock-down to set a reco
Published 14 May, 2018 12:00am
Zverev wins Madrid Masters title

Zverev wins Madrid Masters title

Alexander Zverev showed his clay-court class by blowing away Dominic Thiem to win the Madrid Masters on Sunday. Zverev has long been marked out as a future star of the men's game and his 6-4, 6-4 victory over Thiem suggests the German can be a major threa
Published 14 May, 2018 12:00am
Motorcyclists take part in Chilimjusht festival

Motorcyclists take part in Chilimjusht festival

A group of 10 motorcyclists has arrived in Chitral to participate in the adventure tourism activities during the Chilimjusht festival to be kicked off today (Monday). The enthusiast bikers on Friday started the rally from Islamabad and reached Chitral via
Published 14 May, 2018 12:00am
First climbers of 2018 reach Everest summit

First climbers of 2018 reach Everest summit

Eight Nepali climbers reached the top of Mount Everest on Sunday, the first of hundreds of climbers expected to summit the world's highest mountain in coming weeks. The team reached the summit on Sunday afternoon while fixing ropes for foreign climbers, w
Published 14 May, 2018 12:00am
Halep seeks French Open boost in Rome

Halep seeks French Open boost in Rome

World number one Simona Halep said Sunday she was looking to lay the groundwork for a Grand Slam breakthrough at the French Open in the Rome WTA clay-court tournament. The 26-year-old finished runner-up in Rome last year before losing in the final in Rola
Published 14 May, 2018 12:00am
Britain's 2012 Olympics minister dies of brain cancer

Britain's 2012 Olympics minister dies of brain cancer

Tessa Jowell, the minister who played a key role in securing and delivering the 2012 London Olympics, has died after battling brain cancer, her family said Sunday. Jowell played a major part in landing the Games as Britain's culture secretary. She then be
Published 14 May, 2018 12:00am
Razaq wins Serena International Tour de Khunjrab Road Cycle Race

Razaq wins Serena International Tour de Khunjrab Road Cycle Race

Super-fit Abdul Razaq of Balochisan won the Serena International Tour de Khunrab Road Cycle Race after coming from behind crossing a high altitude 15500 feet in the last leg of 10-km uphill journey in just 28 minute to finish overall first with his total
Published 14 May, 2018 12:00am
Record-breaking Salah steers Liverpool into the Champions League

Record-breaking Salah steers Liverpool into the Champions League

Mohamed Salah set a new Premier League record of 32 goals in a 38-game season to guarantee Liverpool's place back in the Champions League next season by beating Brighton 4-0 at Anfield on Sunday. Victory for Liverpool meant it didn't matter what fifth-pla
Published 14 May, 2018 12:00am
City reach 100 points

City reach 100 points

Manchester City became the first Premier League side to reach 100 points as the champions capped their memorable season in style thanks to a 1-0 win at Southampton on Sunday. Pep Guardiola's side have been focused on rewriting the record books since clinc
Published 14 May, 2018 12:00am
Swansea relegated

Swansea relegated

Swansea City's seven-season stay in the Premier League came to an end on Sunday as the Welsh side joined West Brom and Stoke City in being relegated to the Championship. Needing to beat Stoke, Southampton to lose to Manchester City and a 10-goal swing in
Published 14 May, 2018 12:00am
Kazakhstan readying first 'euro-clearable' local currency bond
Currency

Kazakhstan readying first 'euro-clearable' local currency bond

Kazakhstan hopes to sell its first "euro-clearable" bond denominated in its own currency this year, as well as a yuan-denominated "panda" bond, the country's finance minister told Reuters. After a turbulent few years that culminated in an economic slump a
Published 14 May, 2018 12:00am
Kazakhstan readying first 'euro-clearable' local currency bond
Currency

Kazakhstan readying first 'euro-clearable' local currency bond

Kazakhstan hopes to sell its first "euro-clearable" bond denominated in its own currency this year, as well as a yuan-denominated "panda" bond, the country's finance minister told Reuters. After a turbulent few years that culminated in an economic slump a
Published 14 May, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 83.10-83.10 (Previous 83.10-83.10).
Published 14 May, 2018 12:00am
China's yuan to cling to range despite trade spat with US
Currency

China's yuan to cling to range despite trade spat with US

China's yuan is forecast to move only a little in the coming months as authorities keep a tight leash on the currency until it becomes clear whether the trade spat with the United States will worsen, a Reuters poll showed. Despite the severity of the disp
Published 14 May, 2018 12:00am
Lebanon central bank to sell $2 billion Eurobonds
Currency

Lebanon central bank to sell $2 billion Eurobonds

Lebanon's central bank will sell $2 billion of Eurobonds over the coming year, the central bank governor said on Wednesday, part of a debt swap the government says will boost central bank reserves and reduce its debt-servicing costs. Central Bank Governor
Published 14 May, 2018 12:00am
Lebanon central bank to sell $2 billion Eurobonds
Currency

Lebanon central bank to sell $2 billion Eurobonds

Lebanon's central bank will sell $2 billion of Eurobonds over the coming year, the central bank governor said on Wednesday, part of a debt swap the government says will boost central bank reserves and reduce its debt-servicing costs. Central Bank Governor
Published 14 May, 2018 12:00am
China money rates fall

China money rates fall

China's primary money rates are lower this week amid relatively loose cash conditions, but longer-term rates suggest tighter liquidity as the central bank maintains its policy stance, and as mid-year tax payments approach. The volume-weighted average rate
Published 14 May, 2018 12:00am
Blue chips help Saudi stocks lead regional gains

Blue chips help Saudi stocks lead regional gains

Saudi Arabia's stock market led regional gains on Sunday as investors piled back into blue-chip stocks, while a slight retreat in oil prices from multi-year highs did little to deter buyers elsewhere in the Gulf. The Saudi index closed 1.4 percent higher,
Published 14 May, 2018 12:00am
Geopolitics turn foreign investors net sellers of Saudi stocks

Geopolitics turn foreign investors net sellers of Saudi stocks

Foreign investors were net sellers of Saudi Arabian equities last week partly because of rising geopolitical tension, exchange data showed on Sunday. In the week through last Thursday, foreigners sold about $33 million of stocks on a net basis. They bough
Published 14 May, 2018 12:00am
No relief yet for emerging currencies against dollar
Currency

No relief yet for emerging currencies against dollar

Emerging currencies are suffering their sixth straight week of losses against the resurgent dollar but options markets appear to indicate there is going to be no relief for some of them in the short-term. Turkey and Argentina are squarely at the centre of
Published 14 May, 2018 12:00am
Trump says working with Xi to save telecom giant ZTE

Trump says working with Xi to save telecom giant ZTE

US President Donald Trump said Sunday he was working with his Chinese counterpart Xi Jinping to prevent telecom giant ZTE from going out of business after it was hit by an American technology sales ban. Writing on Twitter, Trump said he had issued instruc
Published 14 May, 2018 12:00am
Ex-Yugoslav strongman Tito's luxury car given new lease of life

Ex-Yugoslav strongman Tito's luxury car given new lease of life

Years of dust has been wiped off, the engine replaced, the chassis once again gleams a dark blue and the wheel rims sparkle - one of ex-Yugoslav strongman Josip Broz Tito's luxury cars has been given a new lease of life in Serbia.
Published 14 May, 2018 12:00am
ADNOC plans further downstream expansion

ADNOC plans further downstream expansion

Abu Dhabi National Oil Co. plans to double its refining capacity and triple petrochemicals output potential by 2025, as the state energy firm focuses more on downstream expansion to be on par with Big Oil and capture new growth markets, ADNOC's chief exec
Published 14 May, 2018 12:00am
Germany sees difficulties in shielding firms after US exits Iran deal

Germany sees difficulties in shielding firms after US exits Iran deal

Germany acknowledged it could be hard to protect companies doing business with Iran as a senior US official renewed a threat of sanctions against European firms following Washington's decision to pull out of a nuclear deal with Tehran. Economy Minister Pe
Published 14 May, 2018 12:00am
Protesters demand Russia stop blocking Telegram messenger app

Protesters demand Russia stop blocking Telegram messenger app

Hundreds of people rallied in Moscow on Sunday to demand the unblocking of the Telegram app, the second protest in the Russian capital since the authorities blocked the popular messaging service last month. Demonstrators chanted anti-government slogans an
Published 14 May, 2018 12:00am
Volkswagen 'contests' report boss knew of diesel cheating risk

Volkswagen 'contests' report boss knew of diesel cheating risk

German carmaker Volkswagen rejected Sunday a report that chief executive Herbert Diess knew of the financial risks from the firm's massive diesel cheating earlier than he has so far acknowledged. Oliver Schmidt, a former VW manager jailed in the US over d
Published 14 May, 2018 12:00am
Brexit seen threatening UK links in EU supply chain
Cotton

Brexit seen threatening UK links in EU supply chain

Mandy Ridyard knew Brexit was going to be a challenge for her aviation components firm, but it was still a shock when she heard a French company bluntly ruling out British suppliers from an international bid for a contract in China. There was just too muc
Published 14 May, 2018 12:00am
UAE launches $45 billion investment to boost refineries

UAE launches $45 billion investment to boost refineries

Abu Dhabi National Oil Co. on Sunday announced a $45-billion ($38-billion-euro) investment to modify an existing facility into one of the world's largest integrated refining and petrochemicals plants. The project aims to boost ADNOC's refining capacity by
Published 14 May, 2018 12:00am
Trump administration axes project to generate power from plutonium

Trump administration axes project to generate power from plutonium

The Trump administration plans to kill a project it says would have cost tens of billions of dollars to convert plutonium from Cold War-era nuclear bombs and burn it to generate electricity, according to a document it sent to Congress last week.
Published 14 May, 2018 12:00am
UAE expects next Opec meeting to focus on inventory not sanctions

UAE expects next Opec meeting to focus on inventory not sanctions

Opec is more focused on identifying the right level of oil inventory at its next meeting than the impact on supplies of new US sanctions on Iran, the United Arab Emirates said. President Donald Trump said last week that the United States was exiting an in
Published 14 May, 2018 12:00am
The challenge of space gardening: one giant 'leaf' for mankind

The challenge of space gardening: one giant 'leaf' for mankind

It's not easy having a green thumb in space. Without gravity, seeds can float away. Water doesn't pour, but globs up and may drown the roots. And artificial lights and fans must be rigged just right to replicate the sun and wind. But NASA has decided that
Published 14 May, 2018 12:00am
Mild brain injuries tied to increased dementia risk

Mild brain injuries tied to increased dementia risk

People who have a mild traumatic brain injury - even without loss of consciousness - may be more than twice as likely to develop dementia than individuals who don't have these injuries, a study of US veterans suggests.
Published 14 May, 2018 12:00am
'Artificial mole' may warn of cancer: study

'Artificial mole' may warn of cancer: study

Swiss scientists have developed an experimental skin implant that darkens like a mole when it detects subtle changes in the body that may be an early warning sign of cancer, a study said on Wednesday. The implant, or "biomedical tattoo," as researchers ca
Published 14 May, 2018 12:00am
Major review backs cervical cancer shots, especially for teens

Major review backs cervical cancer shots, especially for teens

Vaccines designed to prevent infection with human papillomavirus (HPV) are effective in protecting against pre-cancerous cervical lesions in women, particularly in those vaccinated between age 15 and 26, according to a large international evidence review.
Published 14 May, 2018 12:00am
The biggest cholera vaccine drive underway in Africa

The biggest cholera vaccine drive underway in Africa

The biggest cholera vaccine drive in history is under way in Africa aimed at reining in a spate of outbreaks across the continent, the UN and charity alliance Gavi said on Monday. More than two million people will receive the oral cholera vaccine as part
Published 14 May, 2018 12:00am
Monster ocean wave sets southern hemisphere record

Monster ocean wave sets southern hemisphere record

Scientists have recorded what is believed to be the largest wave ever in the southern hemisphere, a 23.8 metre (78 foot) monster the height of an eight-floor building. A buoy recorded the wave on Tuesday during a ferocious storm in the notoriously wild So
Published 14 May, 2018 12:00am
Saudi banks plan US dollar bonds despite ample liquidity
Currency

Saudi banks plan US dollar bonds despite ample liquidity

At least three commercial banks in Saudi Arabia are preparing US dollar debt issues, banking sources said, in what would be the first hard-currency debt sales by Saudi banks in several years. The banks want to diversify their sources of finance and boost
Published 14 May, 2018 12:00am
Saudi banks plan US dollar bonds despite ample liquidity
Currency

Saudi banks plan US dollar bonds despite ample liquidity

At least three commercial banks in Saudi Arabia are preparing US dollar debt issues, banking sources said, in what would be the first hard-currency debt sales by Saudi banks in several years. The banks want to diversify their sources of finance and boost
Published 14 May, 2018 12:00am
Sanctions impact casts shadow over Rusal profit jump

Sanctions impact casts shadow over Rusal profit jump

Russian aluminium giant Rusal on Friday warned of expeccted harm to its business from US sanctions, sending its shares down more than 7 percent despite the company reporting a 20 percent jump in first-quarter core profit. Washington last month announced s
Published 14 May, 2018 12:00am
Mazda taps Americas head as CEO to raise game in its biggest market

Mazda taps Americas head as CEO to raise game in its biggest market

Mazda Motor Corp has named the head of its Americas operations as its next president and CEO after its current chief steps down in June, as Japan's fifth-largest automaker seeks to boost profitability in North America, its biggest market. The company said
Published 14 May, 2018 12:00am
Suzuki Motor sees 9.1 percent profit slide
Currency

Suzuki Motor sees 9.1 percent profit slide

Suzuki Motor Corp on Thursday forecast a 9.1 percent slide in operating profit for the current financial year as it expects a stronger yen and higher R&D costs to offset rising car sales mainly in India, its biggest market. Japan's fourth-biggest automake
Published 14 May, 2018 12:00am
Suzuki Motor sees 9.1 percent profit slide
Currency

Suzuki Motor sees 9.1 percent profit slide

Suzuki Motor Corp on Thursday forecast a 9.1 percent slide in operating profit for the current financial year as it expects a stronger yen and higher R&D costs to offset rising car sales mainly in India, its biggest market. Japan's fourth-biggest automake
Published 14 May, 2018 12:00am
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