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Archive - 2018-06-02
Prices of fruits continue to rise

Prices of fruits continue to rise

With the beginning of Ramazan, the fresh fruits sellers and shopkeepers have increased prices of almost all varieties of fruits which are commonly used during Iftar. The skyrocketing prices of fruits in wholesale and retail markets have pushing the buyers
Published 02 Jun, 2018 12:00am
Shahbaz felicitates Asif on SC's verdict

Shahbaz felicitates Asif on SC's verdict

Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif has congratulated the PML-N leader and former foreign minister Khawaja Asif after the Supreme Court's verdict to overturn the Islamabad High Court's decision to disqualify him for lifetime.
Published 02 Jun, 2018 12:00am
Four factories sealed in Peshawar

Four factories sealed in Peshawar

Khyber Pakhtunkhwa food safety and Halal food authority sealed four factories against the violation of KP food safety act 2014 in different areas of Peshawar. According to the Spokesperson person Attaullah Khan, Under Ramazan crackdown a ghee mill situate
Published 02 Jun, 2018 12:00am
About 4,500 beds added to tertiary care hospitals

About 4,500 beds added to tertiary care hospitals

About 4500 beds have been added in tertiary care hospitals during the last two years besides completion of more than dozen mega projects with a cost of billions of rupees, Secretary Specialized Healthcare and Medical Education Najam Ahmed Shah, said.
Published 02 Jun, 2018 12:00am
Railways losses may cross Rs 40 billion mark by end-June

Railways losses may cross Rs 40 billion mark by end-June

The number of accidents, losses, subsidies and expenditure of Pakistan Railways (PR) increased significantly during the five-year tenure of Pakistan Muslim League (PML-N) government despite an improvement in revenue.
Published 02 Jun, 2018 12:00am
EFU General wins Brands of the Year Award

EFU General wins Brands of the Year Award

EFU General, Pakistan's largest and the oldest general insurer has been conferred with 'Brands of the Year Award 2017' for the Best General Insurance Company by the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and the Brands Foundation.
Published 02 Jun, 2018 12:00am
8th Wage Board: PFUJ condemns violation of agreement

8th Wage Board: PFUJ condemns violation of agreement

Pakistan Federal Union of Journalists (PFUJ) has condemned the violation of the agreement between the PFUJ and the government on the composition of the 8th Wage Board Award for newspaper employees by former Information Minister Marriyum Aurangzeb.
Published 02 Jun, 2018 12:00am
BanoAchaikiMisal: Ufone highlights work of two Pakistanis

BanoAchaikiMisal: Ufone highlights work of two Pakistanis

Honouring the values of kindness, sharing and charity, Ufone organized an event to highlight the work of two exceptional Pakistani individuals under their Ramazan campaign 'BanoAchaikiMisaal'. The gathering's aim was to showcase the work of Farzana Shoaib
Published 02 Jun, 2018 12:00am
Foreign investors repatriate $1.77 billion in 10 months

Foreign investors repatriate $1.77 billion in 10 months

Foreign investors repatriated some $1.77 billion on account of profit and dividend during 10 months of this fiscal year (FY18), mainly due to improved financial results of the corporate sector. Economists said the rising trend in the repatriation of profi
Published 02 Jun, 2018 12:00am
Orientation session for O, A Levels held

Orientation session for O, A Levels held

Roots College International, Flagship Millennium Campus I-9/3, Islamabad held an interactive O Level/IGCSE and AS/A Level Orientation Session on National Career Counselling aimed at facilitating college students who wished to study at RCI Millennium Campu
Published 02 Jun, 2018 12:00am
Pending proceedings: repealed Companies Ordinance still applicable: SECP

Pending proceedings: repealed Companies Ordinance still applicable: SECP

The Securities and Exchange Commission of Pakistan (SECP) has legally interpreted that the Companies Ordinance 1984 has been repealed while promulgating Companies Act 2017, but pending proceedings against brokerage houses/corporate sector would be conclud
Published 02 Jun, 2018 12:00am
Petroleum prices: one-week reprieve to cost exchequer Rs 13 billion

Petroleum prices: one-week reprieve to cost exchequer Rs 13 billion

The government will suffer approximately Rs 13 billion revenue loss on account of sales tax and petroleum levy for maintaining the petroleum price at existing level for one week. Sources said that monthly sales tax collection from petroleum products is ar
Published 02 Jun, 2018 12:00am
Government hospitals: SHC orders to fill vacant posts of doctors

Government hospitals: SHC orders to fill vacant posts of doctors

The Sindh High Court (SHC) on Friday directed to fill all the vacant posts of doctors in the government hospitals after it was informed that around 4000 posts of doctors are lying vacant in the major government hospitals in the province.
Published 02 Jun, 2018 12:00am
US MIDDAY: gold dips
Currency

US MIDDAY: gold dips

Gold fell on Friday after stronger than forecast US payrolls data boosted expectations that the Federal Reserve will press ahead with another US interest rate hike this month, lifting the dollar. The metal is highly sensitive to rising rates, which increa
Published 02 Jun, 2018 12:00am
China's Longping sees Brazil corn expansion

China's Longping sees Brazil corn expansion

Longping High-Tech Agriculture Co, an agricultural firm controlled by China conglomerate CITIC Group Corp, sees Brazil expanding corn output up to 5 percent per year in coming years and is investing heavily to grab a third of the country's corn seed marke
Published 02 Jun, 2018 12:00am
Gold slips in Europe
Currency

Gold slips in Europe

Gold fell on Friday after stronger than forecast US payrolls data boosted expectations that the Federal Reserve will press ahead with another US interest rate hike this month, lifting the dollar. The metal is highly sensitive to rising rates, which increa
Published 02 Jun, 2018 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold prices were steady in Asian trade on Friday on renewed fears of a global trade war, while a firm dollar and positive US economic data weighed on the market. Spot gold was nearly unchanged at $1,298.29 per ounce by 0641 GMT, while US gold futures for
Published 02 Jun, 2018 12:00am
Gold flat in New York

Gold flat in New York

Gold prices were flat on Thursday even though the US dollar rally lost steam, as safe haven bids for bullion declined after political tensions in Italy eased, which also lifted the euro.
Published 02 Jun, 2018 12:00am
Raw sugar, arabica coffee retreat from multi-month peaks
Currency

Raw sugar, arabica coffee retreat from multi-month peaks

Raw sugar and arabica coffee futures on ICE fell from multi-month highs on Friday, as operations in top grower Brazil gradually returned to normal following disruptions caused by nationwide trucker protests. July raw sugar settled down 0.27 cent, or 2.1 p
Published 02 Jun, 2018 12:00am
Palm oil rises
Vegetable Oil

Palm oil rises

Malaysian palm oil futures rose on Friday tracking rival soyaoil and on expectations of a marginal rise in the country's palm oil output, although a fall in exports in May capped the gains. The palm oil contract for August delivery on the Bursa Malaysia D
Published 02 Jun, 2018 12:00am
Tokyo rubber slides

Tokyo rubber slides

Benchmark Tokyo rubber futures slid on Friday, tracking Shanghai losses amid increasing supplies and dented demand ahead of a regional meeting to be held in a major tyre production hub. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubb
Published 02 Jun, 2018 12:00am
Crude retreats on trade concerns as dollar strengthens

Crude retreats on trade concerns as dollar strengthens

Oil prices retreated on Friday, after US President Donald Trump's remarks on trade boosted the dollar, weakening greenback-denominated commodities, including crude. Trump told Canada and the European Union to do more to bring down trade surpluses, a day a
Published 02 Jun, 2018 12:00am
Nickel hits six-week peak on output cuts, steel prices

Nickel hits six-week peak on output cuts, steel prices

Nickel hit a six-week peak on Friday as speculators resumed buying in a rally driven by production cuts in China, falling inventories and higher steel prices. Benchmark nickel on the London Metal Exchange (LME), which has gained 14 percent over the past m
Published 02 Jun, 2018 12:00am
US-Cuba mail service fully implemented after trial phase

US-Cuba mail service fully implemented after trial phase

Direct mail service between the United States and Cuba was fully established on Friday at the end of a trial period despite a toughening stance by President Donald Trump towards the island's government. The US Postal Service and Correos de Cuba "agreed to
Published 02 Jun, 2018 12:00am
Palestinian woman killed by Israeli fire

Palestinian woman killed by Israeli fire

A young Palestinian woman was shot dead by Israeli soldiers near the Gaza border fence on Friday, in another day of protests and violence, Palestinian medical sources said. Razan al-Najjar, 21, was shot near Khan Yunis in the south of the territory, healt
Published 02 Jun, 2018 12:00am
Facebook to swap 'trending' topics for breaking news

Facebook to swap 'trending' topics for breaking news

Facebook on Friday said it is getting rid of a "trending" topics feature as it tests ways for publishers to deliver reliable breaking news. The Trending feature introduced four years ago listed stories buzzing on Facebook at any given time.
Published 02 Jun, 2018 12:00am
Italy's populist government takes office
Currency

Italy's populist government takes office

Italy's new anti-establishment government took power on Friday, ending months of deadlock that saw the eurozone's third largest economy narrowly avoid snap elections after a last-gasp coalition deal. New Prime Minister Giuseppe Conte, 53, was sworn in at
Published 02 Jun, 2018 12:00am
Malaysia drops island case against Singapore at top UN court

Malaysia drops island case against Singapore at top UN court

Malaysia has dropped its request before the UN's top court to overturn its ruling in a decades-old dispute with Singapore over a tiny but strategic island, the court announced Friday. Malaysia in a letter on Monday "notified the Court that the parties had
Published 02 Jun, 2018 12:00am
'Surprising' methane dunes found on Pluto

'Surprising' methane dunes found on Pluto

Pluto is covered with surprising dunes made of methane ice, which have formed relatively recently despite the frigid dwarf planet's very thin atmosphere, international researchers said Thursday. Pluto's atmosphere has a surface pressure 100,000 times lowe
Published 02 Jun, 2018 12:00am
Visa outage blocks transactions across Europe

Visa outage blocks transactions across Europe

Payment systems giant Visa said it was experiencing problems processing transactions in Europe on Friday and was trying to fix the issue. The blockage has left some customers stuck at the tills in stores across the continent.
Published 02 Jun, 2018 12:00am
17 civilians killed in offensive on Libya's Derna: UN

17 civilians killed in offensive on Libya's Derna: UN

At least 17 civilians have been killed in an offensive by military strongman Khalifa Haftar's forces to take the last city in eastern Libya beyond his control, the United Nations said Friday. "The escalation of fighting in Derna has reached unprecedented
Published 02 Jun, 2018 12:00am
US-led anti-IS coalition admits nine more civilian deaths

US-led anti-IS coalition admits nine more civilian deaths

The US-led coalition fighting the Islamic State group in Syria and Iraq acknowledged Friday the deaths of another nine civilians, increasing the toll of non-fighters killed to at least 892. The coalition completed a review in April of 159 potential civili
Published 02 Jun, 2018 12:00am
Senior North Korean envoy at White House amid summit prep

Senior North Korean envoy at White House amid summit prep

North Korean dictator Kim Jong Un's right-hand man met with US President Donald Trump at the White House on Friday to deliver a letter from his leader that could pave the way to a historic nuclear summit. Kim Yong Chol, vice chairman of North Korea's ruli
Published 02 Jun, 2018 12:00am
Mali adopts 'national consensus' law

Mali adopts 'national consensus' law

Mali's government has adopted a "national consensus" law that could lead to amnesty for rebels who took part in a 2012 revolt, in a bid to move the country on from unrest that has repeatedly stalled elections The government said in a statement issued in t
Published 02 Jun, 2018 12:00am
Japan flags new suspected North Korea sanctions breach

Japan flags new suspected North Korea sanctions breach

Japan said Friday it had reported to the UN a suspected sanctions violation by North Korea involving a ship-to-ship transfer, days after Tokyo said another suspected breach had been flagged.
Published 02 Jun, 2018 12:00am
Ukraine peace talks to restart June 11: Germany

Ukraine peace talks to restart June 11: Germany

Diplomats from Germany, France, Ukraine and Russia will meet in Berlin on June 11 as they seek to revive a stalled peace process in eastern Ukraine, the German foreign minister said on Friday. "Over the past weeks, in discussions with the foreign minister
Published 02 Jun, 2018 12:00am
Brexit campaign chief seeks French residency

Brexit campaign chief seeks French residency

Former British finance minister Nigel Lawson, who chaired the official pro-Brexit campaign, faced claims of hypocrisy Thursday after it emerged that he is applying for a French residency card. Conservative politician Lawson, who chaired the successful Vot
Published 02 Jun, 2018 12:00am
May records 'lowest monthly civilian toll' in Syria war

May records 'lowest monthly civilian toll' in Syria war

Fewer civilians died in May than in any other month of Syria's seven-year war, a monitor said Friday, with less than 250 civilians killed across the country. The Syrian Observatory for Human Rights said 244 civilians were killed last month, including 58 c
Published 02 Jun, 2018 12:00am
Traffickers kill 12 migrants trying to flee Libya camp: UN

Traffickers kill 12 migrants trying to flee Libya camp: UN

More than 12 migrants were shot dead by human traffickers last week while trying to escape a camp in Libya, where some were subjected to "torture abuse", the United Nations said Friday. The incident, previously reported by Doctors Without Borders (MSF) an
Published 02 Jun, 2018 12:00am
US says air strike kills 12 militants in Somalia

US says air strike kills 12 militants in Somalia

A US air strike in Somalia killed 12 militants from the Shabaab, an Al-Qaeda affiliate that launches regular attacks on targets in the African nation, the United States Africa Command said on Friday. It said US forces conducted the strike on Thursday in c
Published 02 Jun, 2018 12:00am
Belgium charges Abdeslam accomplice over 2016 bombings

Belgium charges Abdeslam accomplice over 2016 bombings

A Belgian judge has charged an accomplice of Paris attacks suspect Salah Abdeslam with a terror offence linked to the Brussels suicide bombings, prosecutors said Friday. Tunisian Sofiane Ayari is the ninth person to be charged over the March 22, 2016 bomb
Published 02 Jun, 2018 12:00am
Trump pardons conservative author, Martha Stewart could be next

Trump pardons conservative author, Martha Stewart could be next

Donald Trump pardoned a firebrand conservative author on Thursday and signalled that similar clemency could be on the way for lifestyle guru Martha Stewart, the latest in a series of controversial pardons by the US president.
Published 02 Jun, 2018 12:00am
Trump calls for comedian Samantha Bee's firing after crude Ivanka slur

Trump calls for comedian Samantha Bee's firing after crude Ivanka slur

US President Donald Trump called on Friday for comedian Samantha Bee to be fired after she made a vulgar comment about his daughter and White House adviser Ivanka Trump on her cable television program. His remarks capped a week when a debate over the lang
Published 02 Jun, 2018 12:00am
Malaysian PM's wife to be quizzed over graft claims

Malaysian PM's wife to be quizzed over graft claims

The widely despised wife of Malaysia's toppled prime minister will be questioned next week over a massive financial scandal that helped topple the former regime, state media reported Friday.
Published 02 Jun, 2018 12:00am
Five big cats briefly escape in flooded German zoo

Five big cats briefly escape in flooded German zoo

Five dangerous big cats - two lions, two tigers and a jaguar - escaped their enclosures in a flooded German zoo Friday for several hours but were later reported back "in their cages". Local residents near the zoo close to the Luxembourg border were warned
Published 02 Jun, 2018 12:00am
Aussie, kiwi ease against euro
Currency

Aussie, kiwi ease against euro

The Australian and New Zealand dollars fell for a third straight session against the euro on Friday as the common currency got a lift from easing political uncertainty in Italy, while they stayed around recent ranges against the greenback.
Published 02 Jun, 2018 12:00am
Sterling hits five-day high
Currency

Sterling hits five-day high

Sterling strengthened against the dollar and the euro on Friday as data showed UK manufacturing growth picking up speed in May while Italy's political crisis dominated the market psyche. The pound languished near a six-month low of $1.3205 for much of the
Published 02 Jun, 2018 12:00am
Turkish lira weakens

Turkish lira weakens

Turkey's lira weakened as much as 2.5 percent on Friday before trimming some of its losses in afternoon trade, with investors turning their attention to inflation data next week. At 1548 GMT, the lira was trading at 4.5920 per US dollar, down 1.59 percent
Published 02 Jun, 2018 12:00am
Asian currencies cautious

Asian currencies cautious

Asian currencies wobbled in cautious trade on Friday as Washington's decision to impose trade tariffs on metal imports from key allies revived the risk of a global trade war, prompting investors to more into safer assets. Canada, Mexico and the European U
Published 02 Jun, 2018 12:00am
Sri Lankan rupee hits fresh record low
Currency

Sri Lankan rupee hits fresh record low

The Sri Lankan rupee touched a fresh record low of 158.80 on Friday owing to dollar demand from foreign banks and importers but ended steady on late inflows from remittances, dealers said. The spot rupee hit a new all-time low of 158.80 per dollar, surpas
Published 02 Jun, 2018 12:00am
Dollar strengthens against loonie, peso in NY
Currency

Dollar strengthens against loonie, peso in NY

The greenback on Thursday strengthened against the Canadian dollar and the Mexican peso following news the United States will impose tariffs on aluminium and steel imports from both neighbouring countries, as well as from the European Union. The announcem
Published 02 Jun, 2018 12:00am
Euro snaps six-week losing streak in Europe
Currency

Euro snaps six-week losing streak in Europe

The euro edged higher on Friday and looked set to break a six-week losing streak, supported by a drop in Italian bond yields after a revived coalition deal between two anti-establishment parties pulled the country back from snap elections.
Published 02 Jun, 2018 12:00am
Euro recovers in Asia
Currency

Euro recovers in Asia

The euro seemed set to post its first weekly gain in seven weeks on Friday as worries over Italy's political crisis eased, but the Canadian dollar and Mexican peso were looking frail after Washington went ahead with stiff tariffs on imported steel. The eu
Published 02 Jun, 2018 12:00am
Argentina's Macri vetoes curbs on utility prices amid IMF talks
Currency

Argentina's Macri vetoes curbs on utility prices amid IMF talks

Argentina's President Mauricio Macri on Thursday vetoed a law placing curbs on prices of electricity, gas and water, citing a need for fiscal discipline. The opposition-sponsored law, approved hours earlier by the Senate after heated debate, would have ro
Published 02 Jun, 2018 12:00am
Japan's factory output growth slumps

Japan's factory output growth slumps

Japan's industrial output was well short of market expectations in April, official figures showed on Thursday, adding to fears for the outlook after the economy contracted in the first quarter. Industrial output rose just 0.3 percent in April from the pre
Published 02 Jun, 2018 12:00am
India BPCL seeks extra Iran oil amid sanctions threat

India BPCL seeks extra Iran oil amid sanctions threat

Indian state refiner Bharat Petroleum Corp has requested an extra one million barrels of oil from the National Iranian Oil Co. (NIOC) for June, two industry sources said, amid a looming threat of stringent US sanctions. The move by BPCL indicates that ref
Published 02 Jun, 2018 12:00am
VW expects to beat electric car sales goal on China, Europe demand

VW expects to beat electric car sales goal on China, Europe demand

Volkswagen's core brand expects to beat the company's stated target of selling 1 million electric cars by 2025, a senior manager said, citing solid demand in China and Europe, as well as untapped potential in the southern hemisphere. Volkswagen's push int
Published 02 Jun, 2018 12:00am
Australia's ANZ to face charges over capital raising

Australia's ANZ to face charges over capital raising

Australian banking giant ANZ is set to face criminal cartel charges over a multi-billion-dollar capital raising, along with its advisers Deutsche Bank and Citigroup, regulators said Friday. The charges, to be laid by federal prosecutors, come at a torrid
Published 02 Jun, 2018 12:00am
SoftBank joins GM in self-driving car push

SoftBank joins GM in self-driving car push

Japan's SoftBank Group Corp will invest $2.25 billion in General Motors Co's autonomous vehicle unit Cruise, the companies said on Thursday, a deal that validates the venerable Detroit automaker's leadership in self-driving cars and sent GM shares up more
Published 02 Jun, 2018 12:00am
SoftBank joins GM in self-driving car push

SoftBank joins GM in self-driving car push

Japan's SoftBank Group Corp will invest $2.25 billion in General Motors Co's autonomous vehicle unit Cruise, the companies said on Thursday, a deal that validates the venerable Detroit automaker's leadership in self-driving cars and sent GM shares up more
Published 02 Jun, 2018 12:00am
Canada economy slows, growing 1.3 percent in Q1

Canada economy slows, growing 1.3 percent in Q1

Canada's economy slowed in the first three months of the year, growing at an annualized rate of 1.3 percent, according to official data released Thursday. Statistics Canada pointed to a deceleration in household spending, lower exports of non-energy produ
Published 02 Jun, 2018 12:00am
Jordan freezes gasoline price hike

Jordan freezes gasoline price hike

Jordan put an imminent increase in gasoline prices on hold on Friday, state media said, after public anger about tax hikes recommended by the IMF spilled into the streets this week. State news agency Petra quoted Prime Minister Hani Mulki as saying that o
Published 02 Jun, 2018 12:00am
Pakistan collapse gives England early edge

Pakistan collapse gives England early edge

Pakistan captain Sarfraz Ahmed was left pondering his decision to bat first after a collapse handed England the advantage on the first day of the second Test at Headingley on Friday. England were 106 for two at stumps, just 68 runs behind Pakistan's lowly
Published 02 Jun, 2018 12:00am
Brother of Salman Khan summoned in IPL betting case

Brother of Salman Khan summoned in IPL betting case

Indian police summoned a brother of Bollywood superstar Salman Khan Friday for questioning over illegal gambling on Indian Premier League cricket matches. The IPL has been dogged by gambling controversies since it started in 2008, and police say they have
Published 02 Jun, 2018 12:00am
FIFA lifts suspension on Guatemala

FIFA lifts suspension on Guatemala

FIFA Thursday lifted a suspension imposed on Guatemala 18 months ago over its failure to comply with anti-corruption rules. The suspension prevented Guatemalan teams from participating in international competitions such as the Gold Cup, the Central Americ
Published 02 Jun, 2018 12:00am
ICC urges Al Jazeera to disclose cricket corruption evidence

ICC urges Al Jazeera to disclose cricket corruption evidence

World cricket chiefs have again urged Al Jazeera to release all the material it has regarding corruption within the sport after the television station made a number of spot-fixing allegations in a recent documentary.
Published 02 Jun, 2018 12:00am
Southgate backs 'strong' Sterling to survive tattoo row

Southgate backs 'strong' Sterling to survive tattoo row

England manager Gareth Southgate insists Raheem Sterling does not deserve to be hounded after the controversy caused by his tattoo of an M16 assault rifle. Manchester City striker Sterling, 23, posted a picture of himself training with his England team-ma
Published 02 Jun, 2018 12:00am
West Indies too strong for World XI in charity match

West Indies too strong for World XI in charity match

Evin Lewis's quickfire fifty and economical bowling from spinner Samuel Badree saw the West Indies to an emphatic 72-run victory over the World XI in the Hurricane Relief Twenty20 Challenge at Lord's on Thursday. Lewis struck 58 off 26 balls, including fi
Published 02 Jun, 2018 12:00am
Suzuki's Iannone fastest in Italian MotoGP practice

Suzuki's Iannone fastest in Italian MotoGP practice

Italy's Andrea Iannone, who confirmed this week he will leave Suzuki at the end of the season, set the pace in Friday's opening practice session for the Italian MotoGP in Tuscany. The 28-year-old Iannone confirmed Thursday he will leave the Japanese manuf
Published 02 Jun, 2018 12:00am
Zverev saves match point in epic win, Djokovic advances

Zverev saves match point in epic win, Djokovic advances

German second seed Alexander Zverev saved a match point in coming back to defeat Bosnia's Damir Dzumhur in five sets to reach the French Open fourth round on Friday, while former champion Novak Djokovic made the last 16 of a Grand Slam for the 43rd time.
Published 02 Jun, 2018 12:00am
India to challenge star weightlifter's doping suspension

India to challenge star weightlifter's doping suspension

India's weightlifting boss vowed Friday to fight a doping suspension for Commonwealth Games double gold medallist Sanjita Chanu, who is facing a four-year ban. The International Weightlifting Federation (IWF) said the 24-year-old Chanu, who won gold in th
Published 02 Jun, 2018 12:00am
Lewandowski ready to do 'donkey work' for Poland

Lewandowski ready to do 'donkey work' for Poland

Bayern Munich striker Robert Lewandowski says he is prepared to do the "donkey work" for Poland as team captain at the World Cup, as he plots a strategy to put his country on top of Group H. "I know that sometimes I'll have to do the donkey work for the g
Published 02 Jun, 2018 12:00am
AC Milan face Europa League ban

AC Milan face Europa League ban

European football's top financial investigators have recommended excluding Chinese-owned AC Milan from the Europa League next season for violating rules that limit spending, the New York Times reported on Friday. According to the US daily newspaper, "two
Published 02 Jun, 2018 12:00am
FTSE moves higher as miners, financials rally

FTSE moves higher as miners, financials rally

Britain's top share index rose on Friday as shares in cyclical stocks such as miners and financials rallied, joining in broader gains for European stocks as relief over Italy's political crisis lifted risky assets. The blue chip FTSE 100 index gained 0.3
Published 02 Jun, 2018 12:00am
Most South East Asian markets rise

Most South East Asian markets rise

Most Southeast Asian markets rose in thin trading on Friday, with Vietnam gaining 2.2 percent and the Philippines climbing 1.8 percent, as investors hunted for bargains following last month's fall. In Vietnam, industrials were among the top gainers as fac
Published 02 Jun, 2018 12:00am
Australian, New Zealand shares down

Australian, New Zealand shares down

Australian shares ended lower on Friday as the banking sector was shaken by news ANZ is facing criminal charges, while sentiment was further hurt by a US move to impose trade tariffs against some of its key trading partners.
Published 02 Jun, 2018 12:00am
European shares jump into June as Italy reaches govt deal

European shares jump into June as Italy reaches govt deal

European shares breathed a sigh of relief on Friday with Italian stocks supported after a deal to form a coalition government ended three months of political deadlock and removed the risk of another general election. The pan-European STOXX 600 index rose
Published 02 Jun, 2018 12:00am
China stocks fall as trade war fears eclipse much-hyped MSCI addition

China stocks fall as trade war fears eclipse much-hyped MSCI addition

Chinese stocks fell on Friday as US tariffs reignited fears of a global trade war, overshadowing the long-awaited inclusion of A-shares in MSCI Inc's benchmark indexes which had been expected to trigger a surge of cash from foreign investors.
Published 02 Jun, 2018 12:00am
Treasury long-dated yields slide

Treasury long-dated yields slide

US Treasury yields on the long end of the curve fell on Thursday after the United States slapped tariffs on steel and aluminium imports from the European Union, Canada and Mexico, rekindling fears of a trade war. US 10-year note and 30-year bond yields, w
Published 02 Jun, 2018 12:00am
Treasury long-dated yields slide

Treasury long-dated yields slide

US Treasury yields on the long end of the curve fell on Thursday after the United States slapped tariffs on steel and aluminium imports from the European Union, Canada and Mexico, rekindling fears of a trade war. US 10-year note and 30-year bond yields, w
Published 02 Jun, 2018 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong shares rose slightly on Friday as fears over a political crisis in Italy eased. The Hang Seng index rose 0.1 percent, to 30,492.91, while the China Enterprises Index gained 0.4 percent, to 12,020.09 points. Italy's anti-establishment parties rev
Published 02 Jun, 2018 12:00am
Wall Street slips on renewed trade-war worries but posts monthly gains

Wall Street slips on renewed trade-war worries but posts monthly gains

US stocks fell on Thursday after the United States moved to impose tariffs on metal imports from Canada, Mexico and the European Union, prompting retaliatory measures from some of its trading partners. For the month, however, the S&P 500, Dow Industrials
Published 02 Jun, 2018 12:00am
Friday's early trade: strong jobs data, tech rally lift Wall Street

Friday's early trade: strong jobs data, tech rally lift Wall Street

US stocks rose on Friday after the latest monthly jobs data indicated strength in the world's largest economy and cemented expectations of at least two more rate hikes by the Federal Reserve this year. Technology stocks led the rally, with gains in behemo
Published 02 Jun, 2018 12:00am
Nikkei index lower

Nikkei index lower

Tokyo's benchmark Nikkei index closed lower on Friday as fears of a global trade war grew after Washington imposed steel and aluminium tariffs on the European Union, Canada and Mexico. The Nikkei 225 index fell 0.14 percent or 30.47 points to 22,171.35, l
Published 02 Jun, 2018 12:00am
Indian shares lower

Indian shares lower

Indian shares ended lower on Friday, weighed down by losses in financials stocks such as HDFC Bank Ltd, while gains in auto stocks including Maruti Suzuki Ltd and Bajaj Auto Ltd capped losses. The broader NSE index closed 0.37 percent lower at 10,696.20 w
Published 02 Jun, 2018 12:00am
US job growth surges, unemployment rate falls to 3.8 percent

US job growth surges, unemployment rate falls to 3.8 percent

US job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labour market conditions, which could stir concerns about inflation. The closely watched employment report released by the
Published 02 Jun, 2018 12:00am
Eurozone factory growth at 15-month low in May

Eurozone factory growth at 15-month low in May

Eurozone factory growth slowed to a 15-month low last month, hampered by extra holidays, and forward-looking indicators suggest it will at best remain subdued in coming months, a business survey showed. After peaking at the turn of the year, growth has we
Published 02 Jun, 2018 12:00am
Global trade friction puts Asian factories, export recovery at risk

Global trade friction puts Asian factories, export recovery at risk

Factory growth in Asia's major manufacturing hubs showed signs of cooling last month as they braced for a rocky ride from rising global trade tensions, while the region's key emerging markets grappled with accelerating inflation and a strong dollar. Econo
Published 02 Jun, 2018 12:00am
Russia, Abu Dhabi agree to help balance energy market

Russia, Abu Dhabi agree to help balance energy market

Russia and Abu Dhabi on Friday signed a cooperation agreement to stabilise energy markets amid a rising trend in oil prices, the Kremlin said. The deal, signed by Russian President Vladimir Putin and Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan, ca
Published 02 Jun, 2018 12:00am
'Very limited' impact of World Cup on Russia's economy: Moody's

'Very limited' impact of World Cup on Russia's economy: Moody's

While the World Cup that kicks off later this month will focus the attention of football fans around the world on Russia it will have little impact on the country's economy, analysts at Moody's rating agency have said.
Published 02 Jun, 2018 12:00am
'Very limited' impact of World Cup on Russia's economy: Moody's

'Very limited' impact of World Cup on Russia's economy: Moody's

While the World Cup that kicks off later this month will focus the attention of football fans around the world on Russia it will have little impact on the country's economy, analysts at Moody's rating agency have said.
Published 02 Jun, 2018 12:00am
Vietnam banker gets 30 years for embezzling millions

Vietnam banker gets 30 years for embezzling millions

A Vietnamese banker has been jailed for 30 years and fined $700 million for embezzlement and wrongdoing, reports said Friday as the government forges ahead with its massive anti-graft sweep. The campaign has already seen the downfall of dozens of bankers,
Published 02 Jun, 2018 12:00am
Petrobras CEO resigns after crippling truckers' strike

Petrobras CEO resigns after crippling truckers' strike

The CEO of Brazil's troubled state-controlled oil company Petrobras, Pedro Parente, resigned Friday in the wake of a devastating truckers' strike over high fuel prices. The company, a pillar of the Brazilian economy, said Parente "tendered his resignation
Published 02 Jun, 2018 12:00am
Latvia rejects EU's post-Brexit budget proposal

Latvia rejects EU's post-Brexit budget proposal

Latvia's prime minister on Friday "categorically" rejected the European Commission's proposal to slash cohesion funds and spending priorities for the Baltic eurozone state in its next multi-year budget. The EU on Tuesday proposed spending more on Italy an
Published 02 Jun, 2018 12:00am
Total says chances of Iran sanctions waiver 'very slim'

Total says chances of Iran sanctions waiver 'very slim'

French oil major Total said Friday the probability of winning an exemption from US sanctions against Iran to continue a major gas field project was very faint. The energy giant had already warned that, unless Washington granted it a waiver, it would pull
Published 02 Jun, 2018 12:00am
Australia home prices post first annual fall in six years

Australia home prices post first annual fall in six years

Home prices across Australia's major cities eased for an eighth straight month in May as tighter lending standards at banks cooled demand in Sydney and Melbourne, although regional markets continued to tick higher. Property consultant CoreLogic said on Fr
Published 02 Jun, 2018 12:00am
EU wheat falls after 10-month high

EU wheat falls after 10-month high

Euronext wheat fell sharply on Wednesday as futures on both sides of the Atlantic pulled back from 10-month highs linked to concern about dry weather stressing crops in major wheat belts around the world. December milling wheat, the most active contract o
Published 02 Jun, 2018 12:00am
Cotton market: buyers make fresh deals despite higher rates
Cotton

Cotton market: buyers make fresh deals despite higher rates

Spinners indulged in fresh buying despite higher prices following the reports of short crop, dealers said on the cotton market on Friday. The official spot rate was unchanged at Rs 7,400, they added. In the ready session, over 2000 bales of cotton changed
Published 02 Jun, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 107,709 tonnes of cargo comprising 78,647 tonnes of import cargo and 29,062 tonnes of export cargo including 6,455 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 78,6
Published 02 Jun, 2018 12:00am
Asian gasoline extends losses

Asian gasoline extends losses

Asia's gasoline crack fell for a fifth straight session on Wednesday, to $8.67 a barrel, the lowest since May 16 as seasonal demand was offset by higher oil prices and more consumers turning to efficiency vehicles. The number of electric cars, including b
Published 02 Jun, 2018 12:00am
CBOT wheat futures down on technical selling

CBOT wheat futures down on technical selling

Chicago Board of Trade wheat futures fell more than 2 percent on Wednesday on technical selling, including long liquidation, and improving weather forecasts for Canadian and US spring wheat regions, traders said. CBOT July soft red winter wheat settled do
Published 02 Jun, 2018 12:00am
Chinese steel futures hit 1-1/2-week high

Chinese steel futures hit 1-1/2-week high

Chinese steel futures climbed to their highest in nearly two weeks on Wednesday, supported by strong demand in the world's top consumer where traders' steel stockpiles have fallen more than 40 percent from March. The strength in steel prices also lifted i
Published 02 Jun, 2018 12:00am
CBOT corn futures decline

CBOT corn futures decline

Chicago Board of Trade corn futures declined on Wednesday, with the nearby July contract hitting a one-month low on better-than-expected US crop condition ratings and technical selling including fund-driven long liquidation, traders said. CBOT July corn s
Published 02 Jun, 2018 12:00am
Palm oil firmer on European vegoils market
Vegetable Oil

Palm oil firmer on European vegoils market

Palm oil on the European vegetable oils market was offered firmer on Wednesday following a rally in energy prices, which also supported Malaysian palm oil futures. Asking prices for palm oil were between $2.50 and $7.50 a tonne higher after Malaysian palm
Published 02 Jun, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,507. The traded value of Metals, Energy and COTS/FX was recorded at USD 6.615 billion and the number of lots traded was 13,581.
Published 02 Jun, 2018 12:00am
Values are the endangered species

Values are the endangered species

Houbara Bustard, Giant Panda and Leatherback Turtle are all endangered species. An endangered species is a species which has been categorized as very likely to become extinct by international bodies like international union for conservation of nature i.e
Published 02 Jun, 2018 12:00am
Sweeping gene survey reveals new facets of evolution

Sweeping gene survey reveals new facets of evolution

Who would have suspected that a handheld genetic test used to unmask sushi bars pawning off tilapia for tuna could deliver deep insights into evolution, including how new species emerge? And who would have thought to trawl through five million of these ge
Published 02 Jun, 2018 12:00am
ART FACTS: Spiritual and social

ART FACTS: Spiritual and social

Artist Sayeda M Habib created colourful distinct expressions and images by using varying shades of a single colour along with other contrasting hues which she grinded herself by hand. Through her artworks she tried to find a relationship between word and
Published 02 Jun, 2018 12:00am
Deep narratives

Deep narratives

Sohail Zuberi through exploration, excavation, and encounter and by chance discovered, unearthed and brought to light various objects that washed onto the shores of Clifton Beach Karachi's two kilometer area. His collection of those lost and sunken pieces
Published 02 Jun, 2018 12:00am
Picasso's ties to the kitchen explored at Barcelona show

Picasso's ties to the kitchen explored at Barcelona show

A deformed bottle of wine, a colander in the place of a woman's head or a ceramic plate with inlaid fish bones: For the first time, the intimate connection between Pablo Picasso's work and gastronomy is on display in his Barcelona museum.
Published 02 Jun, 2018 12:00am
US economist questions conventional thinking on raising babies

US economist questions conventional thinking on raising babies

Emily Oster has been crusading for years against what she calls the onslaught of bad advice directed at new parents, chastising everyone from grandmothers to charlatans to health authorities in her first book about pregnancy. And there's more to come in h
Published 02 Jun, 2018 12:00am
In Moroccan desert, meteorite hunters seek to strike it rich

In Moroccan desert, meteorite hunters seek to strike it rich

They roam Morocco's southern desert, braving the searing heat to scour the undulating sands for bounty fallen from the sky. These celestial treasure hunters are searching for meteorites to sell on a burgeoning international market.
Published 02 Jun, 2018 12:00am
Saudi women eager to hit the road after decades-old driving ban

Saudi women eager to hit the road after decades-old driving ban

Nouf Alotaibi meanders through rows of shiny new cars, inspecting each one as a salesman escorting her and her family through the dealership in Saudi Arabia amicably answers questions. Alotaibi has reason to be thorough: This will be her first car, as Sau
Published 02 Jun, 2018 12:00am
Just zipping out to the shops in China

Just zipping out to the shops in China

Cha Huilan, a mother of two living in a Chinese mountain village cut off by a raging river, dangles from a harness hooked to a zipline every time she crosses its violent rapids and jagged rocks on frequent trips to buy medicine for her mother.
Published 02 Jun, 2018 12:00am
Soon screening near you? Blockchain tech new star at Cannes

Soon screening near you? Blockchain tech new star at Cannes

Blockchain may not be the most glamorous new star at the Cannes festival but experts touting the technology say it will rock the world of film even if the red carpet crowd doesn't know it yet. For the first time, key players in the emerging industry have
Published 02 Jun, 2018 12:00am
Never lie to children, says Japanese animation master

Never lie to children, says Japanese animation master

Mamoru Hosoda is one of the greats of Japanese animation, whose films like "The Boy and the Beast" and "The Girl who Leapt Through Time" are seen as modern classics. But he admits he wasn't the greatest father in the world to his first child. And his wife
Published 02 Jun, 2018 12:00am
Forever modern: fashion icon Jil Sander looks back

Forever modern: fashion icon Jil Sander looks back

It's been 50 years since Jil Sander founded her own fashion house as a plucky twenty-something in postwar Germany, creating modern, minimalist clothes that would go on to redefine the working woman's wardrobe. But although she took her last runway bow in
Published 02 Jun, 2018 12:00am
BRIDGE NOTES: A more logical play

BRIDGE NOTES: A more logical play

Sometimes pretty freak hands come up that require careful handling. See if you can come up to the Play made by south in a contract of 4H bid by him in the first seat holding the following hand with the dummy spread out on the opening lead of KC from West:
Published 02 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Jun, 2018 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 02 Jun, 2018 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 02 Jun, 2018 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 01, 2018).
Published 02 Jun, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am
Asif's petition allowed; big boost for PML-N

Asif's petition allowed; big boost for PML-N

The Supreme Court on Friday overturned Islamabad High Court judgment that disqualified former Foreign Minister Khawaja Asif permanently under Article 62(1)(f) of Constitution. A three-member bench, headed by Justice Umar Atta Bandial and comprised Justice
Published 02 Jun, 2018 12:00am
Asif's petition allowed; big boost for PML-N

Asif's petition allowed; big boost for PML-N

The Supreme Court on Friday overturned Islamabad High Court judgment that disqualified former Foreign Minister Khawaja Asif permanently under Article 62(1)(f) of Constitution. A three-member bench, headed by Justice Umar Atta Bandial and comprised Justice
Published 02 Jun, 2018 12:00am
Wheat, by-products: ECC extends export period till September 30

Wheat, by-products: ECC extends export period till September 30

The Economic Coordination Committee (ECC) of the Cabinet has extended the export period of 0.5 million tons of wheat/wheat products with a freight subsidy of $ 150 MT through Pakistan Agricultural Storage and Services Corporation Ltd (PASSCO) by two month
Published 02 Jun, 2018 12:00am
Wheat, by-products: ECC extends export period till September 30

Wheat, by-products: ECC extends export period till September 30

The Economic Coordination Committee (ECC) of the Cabinet has extended the export period of 0.5 million tons of wheat/wheat products with a freight subsidy of $ 150 MT through Pakistan Agricultural Storage and Services Corporation Ltd (PASSCO) by two month
Published 02 Jun, 2018 12:00am
Wheat, by-products: ECC extends export period till September 30

Wheat, by-products: ECC extends export period till September 30

The Economic Coordination Committee (ECC) of the Cabinet has extended the export period of 0.5 million tons of wheat/wheat products with a freight subsidy of $ 150 MT through Pakistan Agricultural Storage and Services Corporation Ltd (PASSCO) by two month
Published 02 Jun, 2018 12:00am
Spain's Rajoy forced out as Socialist rival takes over

Spain's Rajoy forced out as Socialist rival takes over

Spain's parliament on Friday ousted Prime Minister Mariano Rajoy in a no-confidence vote sparked by fury over his party's corruption woes, with his Socialist arch-rival Pedro Sanchez taking over.
Published 02 Jun, 2018 12:00am
Spain's Rajoy forced out as Socialist rival takes over

Spain's Rajoy forced out as Socialist rival takes over

Spain's parliament on Friday ousted Prime Minister Mariano Rajoy in a no-confidence vote sparked by fury over his party's corruption woes, with his Socialist arch-rival Pedro Sanchez taking over.
Published 02 Jun, 2018 12:00am
Navy to acquire two modern warships from China

Navy to acquire two modern warships from China

Pakistan Navy will acquire two modern warships from China. An agreement to this effect was signed between the two sides in Rawalpindi on Friday. According to Navy Spokesperson, these warships will be equipped with long range missiles and sophisticated wea
Published 02 Jun, 2018 12:00am
Navy to acquire two modern warships from China

Navy to acquire two modern warships from China

Pakistan Navy will acquire two modern warships from China. An agreement to this effect was signed between the two sides in Rawalpindi on Friday. According to Navy Spokesperson, these warships will be equipped with long range missiles and sophisticated wea
Published 02 Jun, 2018 12:00am
BRIndex100 consolidates gains

BRIndex100 consolidates gains

Pakistan Stock Exchange Friday ended on positive note on the back of fresh buying in various sectors with extremely low volumes. BRIndex100 gained 5.91 points or 0.13 percent to close at 4,583.81 points. BRIndex100 touched intraday high of 4,591.85 and in
Published 02 Jun, 2018 12:00am
BRIndex100 consolidates gains

BRIndex100 consolidates gains

Pakistan Stock Exchange Friday ended on positive note on the back of fresh buying in various sectors with extremely low volumes. BRIndex100 gained 5.91 points or 0.13 percent to close at 4,583.81 points. BRIndex100 touched intraday high of 4,591.85 and in
Published 02 Jun, 2018 12:00am
BRIndex100 consolidates gains

BRIndex100 consolidates gains

Pakistan Stock Exchange Friday ended on positive note on the back of fresh buying in various sectors with extremely low volumes. BRIndex100 gained 5.91 points or 0.13 percent to close at 4,583.81 points. BRIndex100 touched intraday high of 4,591.85 and in
Published 02 Jun, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 02 Jun, 2018 12:00am
Amendments in NBP bye-laws approved by Cabinet

Amendments in NBP bye-laws approved by Cabinet

The federal cabinet approved amendments in bye-laws of National Bank of Pakistan (NBP) aimed at discouraging hiring through third party and to reduce litigation; well informed sources told Business Recorder. Earlier, the amendment was approved by t
Published 02 Jun, 2018 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.

Published 02 Jun, 2018 12:00am
Amendments in NBP bye-laws approved by Cabinet

Amendments in NBP bye-laws approved by Cabinet

The federal cabinet approved amendments in bye-laws of National Bank of Pakistan (NBP) aimed at discouraging hiring through third party and to reduce litigation; well informed sources told Business Recorder. Earlier, the amendment was approved by t
Published 02 Jun, 2018 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 02 Jun, 2018 12:00am
Amendments in NBP bye-laws approved by Cabinet

Amendments in NBP bye-laws approved by Cabinet

The federal cabinet approved amendments in bye-laws of National Bank of Pakistan (NBP) aimed at discouraging hiring through third party and to reduce litigation; well informed sources told Business Recorder. Earlier, the amendment was approved by t
Published 02 Jun, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 02 Jun, 2018 12:00am
Mulk takes oath

Mulk takes oath

Former Chief Justice of Pakistan Nasir-ul-Mulk on Friday took oath as Pakistan's seventh caretaker Prime Minister for an interim period of two months following the end of five-year tenure of Pakistan Muslim League-Nawaz (PML-N) government. The oath-taking
Published 02 Jun, 2018 12:00am
Mulk takes oath

Mulk takes oath

Former Chief Justice of Pakistan Nasir-ul-Mulk on Friday took oath as Pakistan's seventh caretaker Prime Minister for an interim period of two months following the end of five-year tenure of Pakistan Muslim League-Nawaz (PML-N) government. The oath-taking
Published 02 Jun, 2018 12:00am
Form A, Form B: ECP asked to include all mandatory details

Form A, Form B: ECP asked to include all mandatory details

The Lahore High Court on Friday directed the Election Commission of Pakistan (ECP) to include all mandatory information and declarations in nomination papers (Form A and Form B) for upcoming general election 2018, which were previously available in the 20
Published 02 Jun, 2018 12:00am
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