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Archive - 2018-06-03
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 02, 2018).

Published 03 Jun, 2018 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 02, 2018).

Published 03 Jun, 2018 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 02, 2018).

Published 03 Jun, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 02, 2018)

Published 03 Jun, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 02, 2018).

Published 03 Jun, 2018 12:00am
The Weather

The Weather

The weather report on Saturday (June 02, 2018) and the forecast for Sunday (June 03, 2018).

Published 03 Jun, 2018 12:00am
US isolated as G7 ministerial draws to a close

US isolated as G7 ministerial draws to a close

The United States faced unified opposition from the world's top economies to President Donald Trump's escalating, multi-front trade offensive at the end of high-level meetings Saturday soured by the imposition of tariffs. G7 ministers urged US Treasury Se
Published 03 Jun, 2018 12:00am
US isolated as G7 ministerial draws to a close

US isolated as G7 ministerial draws to a close

The United States faced unified opposition from the world's top economies to President Donald Trump's escalating, multi-front trade offensive at the end of high-level meetings Saturday soured by the imposition of tariffs. G7 ministers urged US Treasury Se
Published 03 Jun, 2018 12:00am
US isolated as G7 ministerial draws to a close

US isolated as G7 ministerial draws to a close

The United States faced unified opposition from the world''s top economies to President Donald Trump''s escalating, multi-front trade offensive at the end of high-level meetings Saturday soured by the imposition of tariffs. G7 ministers urged US Treasury
Published 03 Jun, 2018 12:00am
PML-N's parliamentary board meets

PML-N's parliamentary board meets

Pakistan Muslim League Nawaz's (PML-N) Parliamentary Board in its first meeting on Saturday vowed to stand firm against the elements seeking delay in the upcoming general election. The meeting PML-N's Parliamentary Board's first meeting was held at Chief
Published 03 Jun, 2018 12:00am
PML-N's parliamentary board meets

PML-N's parliamentary board meets

Pakistan Muslim League Nawaz's (PML-N) Parliamentary Board in its first meeting on Saturday vowed to stand firm against the elements seeking delay in the upcoming general election. The meeting PML-N's Parliamentary Board's first meeting was held at Chief
Published 03 Jun, 2018 12:00am
Exchange companies fix dollar rates
Currency

Exchange companies fix dollar rates

Exchange companies on Saturday fixed dollar rate at Rs 119 for open currency market. Sources told Business Recorder that a joint meeting of Exchange Companies Association of Pakistan and Forex Association of Pakistan was held on Saturday to discuss the v
Published 03 Jun, 2018 12:00am
Exchange companies fix dollar rates
Currency

Exchange companies fix dollar rates

Exchange companies on Saturday fixed dollar rate at Rs 119 for open currency market. Sources told Business Recorder that a joint meeting of Exchange Companies Association of Pakistan and Forex Association of Pakistan was held on Saturday to discuss the v
Published 03 Jun, 2018 12:00am
Exchange companies fix dollar rates
Currency

Exchange companies fix dollar rates

Exchange companies on Saturday fixed dollar rate at Rs 119 for open currency market. Sources told Business Recorder that a joint meeting of Exchange Companies Association of Pakistan and Forex Association of Pakistan was held on Saturday to discuss the v
Published 03 Jun, 2018 12:00am
Fazlur Rehman sworn in as Sindh caretaker CM

Fazlur Rehman sworn in as Sindh caretaker CM

Caretaker Sindh Chief Minister Fazul-ur-Rehman has ruled out any delay or postponement of general elections. This, he said, while talking to a group of journalists just after taking oath as a caretaker Sindh Chief Minister at Governor's House on Saturday.
Published 03 Jun, 2018 12:00am
Fazlur Rehman sworn in as Sindh caretaker CM

Fazlur Rehman sworn in as Sindh caretaker CM

Caretaker Sindh Chief Minister Fazul-ur-Rehman has ruled out any delay or postponement of general elections. This, he said, while talking to a group of journalists just after taking oath as a caretaker Sindh Chief Minister at Governor's House on Saturday.
Published 03 Jun, 2018 12:00am
Delimitations: ECP rushes to SC against LHC, BHC verdicts

Delimitations: ECP rushes to SC against LHC, BHC verdicts

The Election Commission of Pakistan (ECP) Saturday decided to immediately move Supreme Court against Lahore High Court's annulment of new nomination papers and Balochistan High Court's rejection of delimitation of eight constituencies in the province.
Published 03 Jun, 2018 12:00am
Delimitations: ECP rushes to SC against LHC, BHC verdicts

Delimitations: ECP rushes to SC against LHC, BHC verdicts

The Election Commission of Pakistan (ECP) Saturday decided to immediately move Supreme Court against Lahore High Court's annulment of new nomination papers and Balochistan High Court's rejection of delimitation of eight constituencies in the province.
Published 03 Jun, 2018 12:00am
Shahbaz proposes two more names for slot of caretaker CM

Shahbaz proposes two more names for slot of caretaker CM

The Pakistan Muslim League-Nawaz (PML-N) president Shahbaz Sharif have floated two more names for the slot of caretaker provincial chief minister following the Pakistan Tehreek-e-Insaf (PTI), which has also given four names in this regard amid confusion.
Published 03 Jun, 2018 12:00am
Shahbaz proposes two more names for slot of caretaker CM

Shahbaz proposes two more names for slot of caretaker CM

The Pakistan Muslim League-Nawaz (PML-N) president Shahbaz Sharif have floated two more names for the slot of caretaker provincial chief minister following the Pakistan Tehreek-e-Insaf (PTI), which has also given four names in this regard amid confusion.
Published 03 Jun, 2018 12:00am
Asghar Khan Case: SC issues notices to Nawaz, Hashmi and 19 others

Asghar Khan Case: SC issues notices to Nawaz, Hashmi and 19 others

The Supreme Court here on Saturday issued notices to Nawaz Sharif, Javed Hashmi and 19 others in the Asghar Khan case for June 06. A two-member bench headed by Chief Justice of Pakistan (CJP) Saqib Nisar also issued notices to former Inter Services Intell
Published 03 Jun, 2018 12:00am
Asghar Khan Case: SC issues notices to Nawaz, Hashmi and 19 others

Asghar Khan Case: SC issues notices to Nawaz, Hashmi and 19 others

The Supreme Court here on Saturday issued notices to Nawaz Sharif, Javed Hashmi and 19 others in the Asghar Khan case for June 06. A two-member bench headed by Chief Justice of Pakistan (CJP) Saqib Nisar also issued notices to former Inter Services Intell
Published 03 Jun, 2018 12:00am
US Commerce Secretary in China for talks to avoid trade war

US Commerce Secretary in China for talks to avoid trade war

US Commerce Secretary Wilbur Ross arrived in Beijing Saturday for talks aiming to ease tensions over tariffs that have heightened fears of a trade war between the world's two biggest economies, officials and Chinese state media said. Despite announcing a
Published 03 Jun, 2018 12:00am
US Commerce Secretary in China for talks to avoid trade war

US Commerce Secretary in China for talks to avoid trade war

US Commerce Secretary Wilbur Ross arrived in Beijing Saturday for talks aiming to ease tensions over tariffs that have heightened fears of a trade war between the world's two biggest economies, officials and Chinese state media said. Despite announcing a
Published 03 Jun, 2018 12:00am
US Commerce Secretary in China for talks to avoid trade war

US Commerce Secretary in China for talks to avoid trade war

US Commerce Secretary Wilbur Ross arrived in Beijing Saturday for talks aiming to ease tensions over tariffs that have heightened fears of a trade war between the world''s two biggest economies, officials and Chinese state media said. Despite announcing a
Published 03 Jun, 2018 12:00am
Coal, nuclear power: Trump readies new plan

Coal, nuclear power: Trump readies new plan

Citing national security concerns, US President Donald Trump's administration is working on a fresh plan to subsidize coal and nuclear plants, a move critics say is unnecessary and will drive up energy costs. The new move comes months after the Federal En
Published 03 Jun, 2018 12:00am
Coal, nuclear power: Trump readies new plan

Coal, nuclear power: Trump readies new plan

Citing national security concerns, US President Donald Trump's administration is working on a fresh plan to subsidize coal and nuclear plants, a move critics say is unnecessary and will drive up energy costs. The new move comes months after the Federal En
Published 03 Jun, 2018 12:00am
Coal, nuclear power: Trump readies new plan

Coal, nuclear power: Trump readies new plan

Citing national security concerns, US President Donald Trump''s administration is working on a fresh plan to subsidize coal and nuclear plants, a move critics say is unnecessary and will drive up energy costs. The new move comes months after the Federal E
Published 03 Jun, 2018 12:00am
North Korea summit back on, Trump says after meeting Kim envoy

North Korea summit back on, Trump says after meeting Kim envoy

US President Donald Trump said Friday he will meet North Korea's Kim Jong Un as originally scheduled on June 12 for a historic summit after extraordinary Oval Office talks with a top envoy from Pyongyang. After more than an hour of discussion with Kim Yon
Published 03 Jun, 2018 12:00am
North Korea summit back on, Trump says after meeting Kim envoy

North Korea summit back on, Trump says after meeting Kim envoy

US President Donald Trump said Friday he will meet North Korea's Kim Jong Un as originally scheduled on June 12 for a historic summit after extraordinary Oval Office talks with a top envoy from Pyongyang. After more than an hour of discussion with Kim Yon
Published 03 Jun, 2018 12:00am
Economic challenges: PM struggles to find right person to head MoF

Economic challenges: PM struggles to find right person to head MoF

Subsequent to taking oath, Prime Minister Nasir-ul-Mulk began the process of selecting his cabinet members with the caretaker finance minister considered critical in dealing with various challenges facing the economy, informed sources told BR.
Published 03 Jun, 2018 12:00am
Economic challenges: PM struggles to find right person to head MoF

Economic challenges: PM struggles to find right person to head MoF

Subsequent to taking oath, Prime Minister Nasir-ul-Mulk began the process of selecting his cabinet members with the caretaker finance minister considered critical in dealing with various challenges facing the economy, informed sources told BR.
Published 03 Jun, 2018 12:00am
Economic challenges: PM struggles to find right person to head MoF

Economic challenges: PM struggles to find right person to head MoF

Subsequent to taking oath, Prime Minister Nasir-ul-Mulk began the process of selecting his cabinet members with the caretaker finance minister considered critical in dealing with various challenges facing the economy, informed sources told BR.
Published 03 Jun, 2018 12:00am
Economic challenges: PM struggles to find right person to head MoF

Economic challenges: PM struggles to find right person to head MoF

Subsequent to taking oath, Prime Minister Nasir-ul-Mulk began the process of selecting his cabinet members with the caretaker finance minister considered critical in dealing with various challenges facing the economy, informed sources told BR.
Published 03 Jun, 2018 12:00am
Kashmir clashes after Indian paramilitary vehicle kills youth

Kashmir clashes after Indian paramilitary vehicle kills youth

Police fired tear gas and chilli spray grenades to disperse thousands of mourners taking part in a funeral procession for a youth who died on Saturday after being run over by a paramilitary vehicle in Indian held Kashmir. Protesters hurled back stones at
Published 03 Jun, 2018 12:00am
Kashmir clashes after Indian paramilitary vehicle kills youth

Kashmir clashes after Indian paramilitary vehicle kills youth

Police fired tear gas and chilli spray grenades to disperse thousands of mourners taking part in a funeral procession for a youth who died on Saturday after being run over by a paramilitary vehicle in Indian held Kashmir. Protesters hurled back stones at
Published 03 Jun, 2018 12:00am
Sisi sworn in for second term

Sisi sworn in for second term

Egyptian President Abdel Fattah al-Sisi vowed to tackle jihadists and revive the economy as he was sworn in Saturday for a second four-year term after a wave of arrests. Sisi took the presidential oath before a packed parliament after winning 97 percent o
Published 03 Jun, 2018 12:00am
Sisi sworn in for second term

Sisi sworn in for second term

Egyptian President Abdel Fattah al-Sisi vowed to tackle jihadists and revive the economy as he was sworn in Saturday for a second four-year term after a wave of arrests. Sisi took the presidential oath before a packed parliament after winning 97 percent o
Published 03 Jun, 2018 12:00am
Saudi Arabia reshuffles cabinet with eye on culture

Saudi Arabia reshuffles cabinet with eye on culture

Saudi Arabia announced another cabinet reshuffle Saturday with a heavy focus on culture and religion, as the kingdom undergoes a major image overhaul. This is the second significant government change since the appointment of Prince Mohammed bin Salman, so
Published 03 Jun, 2018 12:00am
Saudi Arabia reshuffles cabinet with eye on culture

Saudi Arabia reshuffles cabinet with eye on culture

Saudi Arabia announced another cabinet reshuffle Saturday with a heavy focus on culture and religion, as the kingdom undergoes a major image overhaul. This is the second significant government change since the appointment of Prince Mohammed bin Salman, so
Published 03 Jun, 2018 12:00am
FTO recommends institutional reforms for FBR, its wings

FTO recommends institutional reforms for FBR, its wings

The Federal Tax Ombudsman (FTO) has recommended the Federal Board of Revenue (FBR) that the Directorate General of Intelligence and Investigation Inland Revenue (IR) should not be allowed to negotiate amount of tax to be deposited by the taxpayers. Source
Published 03 Jun, 2018 12:00am
FTO recommends institutional reforms for FBR, its wings

FTO recommends institutional reforms for FBR, its wings

The Federal Tax Ombudsman (FTO) has recommended the Federal Board of Revenue (FBR) that the Directorate General of Intelligence and Investigation Inland Revenue (IR) should not be allowed to negotiate amount of tax to be deposited by the taxpayers. Source
Published 03 Jun, 2018 12:00am
FTO recommends institutional reforms for FBR, its wings

FTO recommends institutional reforms for FBR, its wings

The Federal Tax Ombudsman (FTO) has recommended the Federal Board of Revenue (FBR) that the Directorate General of Intelligence and Investigation Inland Revenue (IR) should not be allowed to negotiate amount of tax to be deposited by the taxpayers. Source
Published 03 Jun, 2018 12:00am
650MW supplied to KE: Power Division fails to secure CCoE decision

650MW supplied to KE: Power Division fails to secure CCoE decision

The Power Division has reportedly failed to get a favourable decision from the Cabinet Committee on Energy (CCoE) with respect to the future of the 650 MW electricity supplied to Karachi Electric since 25 January, 2015 due to poorly drafted summary, well-
Published 03 Jun, 2018 12:00am
650MW supplied to KE: Power Division fails to secure CCoE decision

650MW supplied to KE: Power Division fails to secure CCoE decision

The Power Division has reportedly failed to get a favourable decision from the Cabinet Committee on Energy (CCoE) with respect to the future of the 650 MW electricity supplied to Karachi Electric since 25 January, 2015 due to poorly drafted summary, well-
Published 03 Jun, 2018 12:00am
650MW supplied to KE: Power Division fails to secure CCoE decision

650MW supplied to KE: Power Division fails to secure CCoE decision

The Power Division has reportedly failed to get a favourable decision from the Cabinet Committee on Energy (CCoE) with respect to the future of the 650 MW electricity supplied to Karachi Electric since 25 January, 2015 due to poorly drafted summary, well-
Published 03 Jun, 2018 12:00am
6,149 websites blocked in Pakistan

6,149 websites blocked in Pakistan

A total of 6,149 websites have been blocked last year by the Pakistan Telecommunication Authority (PTA) on recommendation of Web Evaluation Cell (WEC) established by Ministry of Religious Affairs and Inter-faith Harmony.
Published 03 Jun, 2018 12:00am
6,149 websites blocked in Pakistan

6,149 websites blocked in Pakistan

A total of 6,149 websites have been blocked last year by the Pakistan Telecommunication Authority (PTA) on recommendation of Web Evaluation Cell (WEC) established by Ministry of Religious Affairs and Inter-faith Harmony.
Published 03 Jun, 2018 12:00am
Google retreating from military AI project: reports

Google retreating from military AI project: reports

Google workers on Friday got word that the internet titan will retreat from a deal to help the US military use artificial intelligence to analyze drone video following an outcry from staff, according to reports. The collaboration with the US Department of
Published 03 Jun, 2018 12:00am
Google retreating from military AI project: reports

Google retreating from military AI project: reports

Google workers on Friday got word that the internet titan will retreat from a deal to help the US military use artificial intelligence to analyze drone video following an outcry from staff, according to reports. The collaboration with the US Department of
Published 03 Jun, 2018 12:00am
Google retreating from military AI project: reports

Google retreating from military AI project: reports

Google workers on Friday got word that the internet titan will retreat from a deal to help the US military use artificial intelligence to analyze drone video following an outcry from staff, according to reports. The collaboration with the US Department of
Published 03 Jun, 2018 12:00am
Google retreating from military AI project: reports

Google retreating from military AI project: reports

Google workers on Friday got word that the internet titan will retreat from a deal to help the US military use artificial intelligence to analyze drone video following an outcry from staff, according to reports. The collaboration with the US Department of
Published 03 Jun, 2018 12:00am
Wheat exports reach $156 million during first ten months

Wheat exports reach $156 million during first ten months

Country's wheat exports posted healthy growth and reached $156 million during the first ten months of this fiscal year (FY18) owing to government's freight subsidy scheme. According to Pakistan Bureau of Statistics (PBS), Pakistan has earned some $156 mil
Published 03 Jun, 2018 12:00am
Wheat exports reach $156 million during first ten months

Wheat exports reach $156 million during first ten months

Country's wheat exports posted healthy growth and reached $156 million during the first ten months of this fiscal year (FY18) owing to government's freight subsidy scheme. According to Pakistan Bureau of Statistics (PBS), Pakistan has earned some $156 mil
Published 03 Jun, 2018 12:00am
Wheat exports reach $156 million during first ten months

Wheat exports reach $156 million during first ten months

Country''s wheat exports posted healthy growth and reached $156 million during the first ten months of this fiscal year (FY18) owing to government''s freight subsidy scheme. According to Pakistan Bureau of Statistics (PBS), Pakistan has earned some $156 m
Published 03 Jun, 2018 12:00am
Jordan protests snowball over price hikes, income tax draft law

Jordan protests snowball over price hikes, income tax draft law

Hundreds of Jordanians demonstrated in the capital Amman for a third consecutive day on Saturday against price hikes and an income tax draft law driven by IMF recommendations to slash its public debt. Protests have gripped the country since Wednesday, whe
Published 03 Jun, 2018 12:00am
Netanyahu to push hard line on Iran during Europe trip

Netanyahu to push hard line on Iran during Europe trip

Israeli Prime Minister Benjamin Netanyahu will travel to Europe Monday to push his uncompromising stance on Iran to leaders eager to salvage the nuclear agreement after the United States withdrew. Netanyahu, a fierce opponent of the agreement and the Iran
Published 03 Jun, 2018 12:00am
Netanyahu to push hard line on Iran during Europe trip

Netanyahu to push hard line on Iran during Europe trip

Israeli Prime Minister Benjamin Netanyahu will travel to Europe Monday to push his uncompromising stance on Iran to leaders eager to salvage the nuclear agreement after the United States withdrew. Netanyahu, a fierce opponent of the agreement and the Iran
Published 03 Jun, 2018 12:00am
Saudi warns of military action if Qatar gets Russian missiles: report

Saudi warns of military action if Qatar gets Russian missiles: report

Saudi Arabia has threatened military action against Qatar if it goes ahead and acquires Russia's top of the range S-400 air defence missile system, Le Monde daily reported. Citing information it had obtained, Le Monde said Friday that Riyadh had written t
Published 03 Jun, 2018 12:00am
Saudi warns of military action if Qatar gets Russian missiles: report

Saudi warns of military action if Qatar gets Russian missiles: report

Saudi Arabia has threatened military action against Qatar if it goes ahead and acquires Russia's top of the range S-400 air defence missile system, Le Monde daily reported. Citing information it had obtained, Le Monde said Friday that Riyadh had written t
Published 03 Jun, 2018 12:00am
Sanchez sworn in as Spain PM, Catalan challenge awaits

Sanchez sworn in as Spain PM, Catalan challenge awaits

Spain's Socialist chief Pedro Sanchez was sworn in as prime minister on Saturday after ousting veteran conservative leader Mariano Rajoy, with Catalonia's separatist president promptly calling for talks over the region's independence drive.
Published 03 Jun, 2018 12:00am
Finance Act: Fee for offshore digital services specified

Finance Act: Fee for offshore digital services specified

The fee for offshore digital services means any consideration for providing or rendering services by a non-resident person for online advertising including digital advertising space, advertising, emails, online computing, blogs, online content and online
Published 03 Jun, 2018 12:00am
Finance Act: Fee for offshore digital services specified

Finance Act: Fee for offshore digital services specified

The fee for offshore digital services means any consideration for providing or rendering services by a non-resident person for online advertising including digital advertising space, advertising, emails, online computing, blogs, online content and online
Published 03 Jun, 2018 12:00am
Finance Act: Fee for offshore digital services specified

Finance Act: Fee for offshore digital services specified

The fee for offshore digital services means any consideration for providing or rendering services by a non-resident person for online advertising including digital advertising space, advertising, emails, online computing, blogs, online content and online
Published 03 Jun, 2018 12:00am
Mattis accuses China of South China Sea 'intimidation, coercion'

Mattis accuses China of South China Sea 'intimidation, coercion'

China's military build-up in the South China Sea and its deployment of high-end weapons systems in the disputed waters is designed to intimidate and coerce neighbours, US Defense Secretary Jim Mattis said Saturday. His broadside at a security summit in Si
Published 03 Jun, 2018 12:00am
Mattis accuses China of South China Sea 'intimidation, coercion'

Mattis accuses China of South China Sea 'intimidation, coercion'

China's military build-up in the South China Sea and its deployment of high-end weapons systems in the disputed waters is designed to intimidate and coerce neighbours, US Defense Secretary Jim Mattis said Saturday. His broadside at a security summit in Si
Published 03 Jun, 2018 12:00am
Erdogan says Uber 'finished' in Turkey

Erdogan says Uber 'finished' in Turkey

President Recep Tayyip Erdogan said the ride hailing app Uber is "finished" in Turkey, following intense pressure from Istanbul taxi drivers for the service to be banned. Erdogan's comments, in a late night speech Friday in Istanbul, came after the govern
Published 03 Jun, 2018 12:00am
Erdogan says Uber 'finished' in Turkey

Erdogan says Uber 'finished' in Turkey

President Recep Tayyip Erdogan said the ride hailing app Uber is "finished" in Turkey, following intense pressure from Istanbul taxi drivers for the service to be banned. Erdogan's comments, in a late night speech Friday in Istanbul, came after the govern
Published 03 Jun, 2018 12:00am
Erdogan says Uber ''finished'' in Turkey

Erdogan says Uber ''finished'' in Turkey

President Recep Tayyip Erdogan said the ride hailing app Uber is "finished" in Turkey, following intense pressure from Istanbul taxi drivers for the service to be banned. Erdogan''s comments, in a late night speech Friday in Istanbul, came after the gover
Published 03 Jun, 2018 12:00am
DGMOs talk: a welcome development

DGMOs talk: a welcome development

Was there any Track-II or behind the scene diplomacy in the works despite India's protracted belligerence against its neighbour Pakistan? This question begs an answer because India agreed to lower tensions on the Line of Control (LoC) and the Working Boun
Published 03 Jun, 2018 12:00am
A joint venture of spooks

A joint venture of spooks

It may be plausibly argued that after Dawn Leaks and Nawaz Sharif's atrocious Mumbai attacks suggestion, retired general Asad Durrani's revelations in a book have created quite a stir. A former ISI and MI chief, who served as ambassador to Germany and Sau
Published 03 Jun, 2018 12:00am
Technology shaping our present, future

Technology shaping our present, future

Technology and innovation has become an integral part of the modern civilization. It is shaping our present and our future. Pakistan is now on the radar of global investors. With the recent $100 million acquisition of Daraz.pk by Chinese tech giant AliBab
Published 03 Jun, 2018 12:00am
Hard choices for US, N Korea at high-stakes summit

Hard choices for US, N Korea at high-stakes summit

After a burst of hectic diplomacy, Donald Trump and Kim Jong Un's nuclear summit is on course to go ahead - but if it is to live up to the hype, both sides will need to make difficult concessions. In what would be the first breakthrough in the fraught pro
Published 03 Jun, 2018 12:00am
The EU counts its crises as problems mount
Currency

The EU counts its crises as problems mount

A populist government in Rome, political instability in Madrid, democratic crises in the east and a transatlantic trade war to the west: the European Union faces threats and challenges on multiple fronts. On Friday, Italy's President Sergio Mattarella swo
Published 03 Jun, 2018 12:00am
US companies leery of Trump tariffs

US companies leery of Trump tariffs

US companies in the farm, auto and other sectors fear tariffs imposed by President Donald Trump's administration on imported steel and aluminum will damage their businesses as Washington's trading partners retaliate. While Trumps' move was praised by the
Published 03 Jun, 2018 12:00am
The upcoming July 25 elections

The upcoming July 25 elections

It is interesting to note that PML-N, PPP and other parties are on the proverbial same page as far as the date of the 2018 general elections - July 25 - is concerned. According to them, neither the outgoing government nor the parties that constituted Oppo
Published 03 Jun, 2018 12:00am
Political parties facing difficulties in awarding poll tickets

Political parties facing difficulties in awarding poll tickets

Major political parties are facing difficulties in finalizing candidates for the upcoming general elections and most of them have adopted the wait and see policy in this regard. Though the parliamentary parties of the political parties had conducted inter
Published 03 Jun, 2018 12:00am
Eid shopping gains momentum despite soaring prices

Eid shopping gains momentum despite soaring prices

As Eid-ul-Fitr, the largest Muslim festivity, is approaching fast a huge rush of people, particularly women, children, and families, were seen in bazaars and shopping malls of provincial capital Peshawar. However, the continuous recession and escalating p
Published 03 Jun, 2018 12:00am
Uzbekistan simplifies visa procedure for Pakistani businessmen

Uzbekistan simplifies visa procedure for Pakistani businessmen

In a bid to facilitate Pakistani business community, the Uzbekistan embassy has simplified the visa procedure and not it will give visa to the entrepreneurs within one day after submission of an online request, diplomats said. Uzbekistan is manufacturing
Published 03 Jun, 2018 12:00am
KP government passed Fata merger bill in haste: CS

KP government passed Fata merger bill in haste: CS

Khyber Pakhtunkhwa government had passed Federally Administered Tribal Areas (FATA) merger bill in haste but could not solve loopholes of the bill. In a letter to the States and Frontier Regions Division (SAFRON), Khyber Pakhtunkhwa Chief Secretary Azam K
Published 03 Jun, 2018 12:00am
Forces for improving life standard of tribal people

Forces for improving life standard of tribal people

Wing Commander, 213 Wing Swat Scouts, Lieutenant-Colonel Tanveer Gul said development schemes have been initiated in remote area of Loy-Shelman, Teshil Landi Kotal and assured the tribal elders that the forces will extend every possible assistance to upli
Published 03 Jun, 2018 12:00am
Caretaker PM, Mamnoon discuss matters of upcoming general elections

Caretaker PM, Mamnoon discuss matters of upcoming general elections

Caretaker Prime Minister Nasirul Mulk called on President Mamnoon Hussain here Saturday and discussed matters pertaining to caretaker government and general elections. During the meeting the President felicitated Nasirul Mulk on assuming responsibilities
Published 03 Jun, 2018 12:00am
Decisions of courts at this juncture cause for concern: Bilawal

Decisions of courts at this juncture cause for concern: Bilawal

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari emphasized principled opposition to delay in general elections 2018. Talking to social-networking website Twitter, Bilawal expressed concerns over the decisions of Lahore High Court (LHC), Islam
Published 03 Jun, 2018 12:00am
PML-N's voters will foil all conspiracies: Shahbaz

PML-N's voters will foil all conspiracies: Shahbaz

Pakistan Muslim League-Nawaz President Shahbaz Sharif on Saturday said that his party's voter base is intact and they will foil all the conspiracies through unity. He said this while chairing the PML-N's parliamentary board meeting in Lahore. The meeting
Published 03 Jun, 2018 12:00am
Reham contacted me to defame Imran, claims Salman Ahmad

Reham contacted me to defame Imran, claims Salman Ahmad

Pakistani musician Salman Ahmad said on Saturday that Reham Khan had contacted him to seek his help on digging dirt on Imran Khan. "Reham is involved in a conspiracy to defame Imran Khan," he said, speaking exclusively to a private television channel Satu
Published 03 Jun, 2018 12:00am
PTI failed to deliver masses in KP: QWP

PTI failed to deliver masses in KP: QWP

Qaumi Watan Party (QWP) Provincial Chairman, Sikandar Khan Sherpao criticised that the former PTI had failed to deliver masses during its last five years rule in Khyber Pakhtunkhwa. He was speaking at public gathering in provincial assembly constituency P
Published 03 Jun, 2018 12:00am
Four dead, one hurt as AC's vehicle hits two bikes

Four dead, one hurt as AC's vehicle hits two bikes

At least four people died and another seriously injured when a vehicle of Assistant Commissioner (AC) hit two motorcycles here. Police said that AC Swabi Qaiser Khan was on his way to home and his vehicle knocked down two motorcycles in Mansabdar area of
Published 03 Jun, 2018 12:00am
PBIF chief urges business community to invest in Fata

PBIF chief urges business community to invest in Fata

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has emphasized the need that the business community should actively support the cause of promoting FATA and invest in the tribal area to utilize the area's resources to its
Published 03 Jun, 2018 12:00am
Four suspects held for gang-rape, murder of minor

Four suspects held for gang-rape, murder of minor

Four suspects were arrested by Police on Friday night for alleged gang-rape and strangulated to death of 14 years old boy in Phalra, Mansehra. According to police sources, the four suspects - Waqas Tanoli, Saqib, Mohammad Ejaz, and Sadheer - were arrested
Published 03 Jun, 2018 12:00am
KP-Fata merger celebrated in Mohmand Agency

KP-Fata merger celebrated in Mohmand Agency

Tribal elders, political leaders and media representatives gathered in the political compound at Ghalanai Headquarters of Mohmand agency on the invitation of Political Agent Mohmand Agency and Commandant Mohmand Rifles to celebrate the historic Khyber Pak
Published 03 Jun, 2018 12:00am
TMA urges government to clear all stuck-up refunds

TMA urges government to clear all stuck-up refunds

Towel Manufactures Association of Pakistan members expressed its deep concern on govt's indifferent and non serious attitude towards textile sector. Despite of all the hurdles textile exporters are struggling to full fill government's dream into reality t
Published 03 Jun, 2018 12:00am
PTI's estranged workers storm party HQ over distribution of tickets

PTI's estranged workers storm party HQ over distribution of tickets

The estranged workers of Pakistan Tehreek-e-Insaf (PTI) on Saturday stormed party headquarter - Insaf House - by restoring to vandalism and destruction at its premises. The workers of the party turned violent reportedly over distribution of party tickets
Published 03 Jun, 2018 12:00am
HR violations in IHK: KC-EU chairman calls for UNSC's meeting

HR violations in IHK: KC-EU chairman calls for UNSC's meeting

Chairman Kashmir Council Europe (KC-EU) Ali Raza Syed called upon government of Pakistan to initiate an extra ordinary meeting of United Nation Security Council (UNSC) on the severe situation of human right in Indian Held Kashmir (IHK).
Published 03 Jun, 2018 12:00am
ROs, AROs appointed for Mardan's eight constituencies

ROs, AROs appointed for Mardan's eight constituencies

District and Session Judge Mardan, Mohammad Rauf Khan has issued notification of returning and assistant returning officer for three national and eight provincial assembly constituencies of Mardan district for the 2018 general elections.
Published 03 Jun, 2018 12:00am
Reham Khan's book may cause uproar in political circle

Reham Khan's book may cause uproar in political circle

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan's former wife Reham Khan's explosive book likely to cause 'political tremors' in Pakistan. Preparations are underway to unveil the book in London. Reham Khan is eager to publish the book before the upcomi
Published 03 Jun, 2018 12:00am
Political Muharrar shot dead in North Waziristan

Political Muharrar shot dead in North Waziristan

A Political Muharrar was shot dead when unidentified assailants opened indiscriminate firing at his vehicle in Kam Sarobi area of North Waziristan during wee hours of Saturday, said the officials of political administration. Unidentified armed men opened
Published 03 Jun, 2018 12:00am
Crime rate continues to rise in Islamabad

Crime rate continues to rise in Islamabad

Over 10 cases of various kinds of thefts, dacoities, kidnapping and snatching at gunpoint were reported to various police stations of the federal capital during the last week. According to the data gathered by Business Recorder through registered f
Published 03 Jun, 2018 12:00am
Government urged to withdraw raise in LPG prices

Government urged to withdraw raise in LPG prices

LPG Association of Pakistan has demanded of the government to withdraw recent hike in LPG prices as it has soared the prices of the poor people's fuel. While addressing an urgent meeting of the Association, Chairman LPG Association of Pakistan Farooq Ifti
Published 03 Jun, 2018 12:00am
Body of unidentified youth found

Body of unidentified youth found

Body of an unidentified youth was recovered from pond of a housing society here on Saturday. Police said that the passersby informed about presence of body in pond of Garden Villas at Adiala Road Rawalpindi.
Published 03 Jun, 2018 12:00am
Majid Al Futtaim awarded 'Approved Employer' status

Majid Al Futtaim awarded 'Approved Employer' status

Majid Al Futtaim Retail in Pakistan and the operating arm of hypermarket chain Hyperstar in Pakistan was awarded the 'Approved Employer' status by the Association of Chartered Certified Accountants (ACCA), in recognition of their support in training and d
Published 03 Jun, 2018 12:00am
PPP in a fix over fate of nomination papers

PPP in a fix over fate of nomination papers

Pakistan Peoples Party (Punjab) remained in a fix over the fate of nomination papers throughout Saturday amidst a decision on the part of Election Commission of Pakistan (ECP) for referring the matter to the Supreme Court for guidance.
Published 03 Jun, 2018 12:00am
Governor lauds Punjab's uplift works

Governor lauds Punjab's uplift works

Punjab Governor Rafique Rajwana in a meeting with the PML-N president Shahbaz Sharif, here on Saturday praised him for development in Punjab saying the five-year term of Shahbaz Sharif is witness to hard work, honesty and transparency.
Published 03 Jun, 2018 12:00am
Smuggled cars: CJP summons FBR chairman

Smuggled cars: CJP summons FBR chairman

Chief Justice of Pakistan (CJP) Mian Saqib Nisar on Saturday summoned Federal Board of Revenue (FBR) Chairman Tariq Pasha along with the record of smuggled cars.
Published 03 Jun, 2018 12:00am
Punjab Agriculture Expo on June 23

Punjab Agriculture Expo on June 23

Punjab Agriculture Department is organizing Punjab Agri Expo 2018 on June 23 and 24, 2018 at Expo Centre, Johar Town, Lahore.
Published 03 Jun, 2018 12:00am
Changes in nomination papers parliament's task, says Sherry

Changes in nomination papers parliament's task, says Sherry

The Pakistan Peoples Party has demanded that the caretaker government holds the upcoming general election as scheduled, maintaining that any amendments to nomination papers are the prerogative of the parliament. Leader of Opposition in Senate Shery Rehman
Published 03 Jun, 2018 12:00am
Guard Agriculture launches trials of new 'Super Hybrid Rice' variety

Guard Agriculture launches trials of new 'Super Hybrid Rice' variety

Guard Agricultural Research & Services (Pvt) Limited has launched the trials of a new "Super Hybrid Rice" variety having potential to produce rice up to 180 maunds per acre. "We are launching the trials of this variety by sowing it over an area of 100 acr
Published 03 Jun, 2018 12:00am
PP&DD hosts farewell party for outgoing minister

PP&DD hosts farewell party for outgoing minister

Punjab Planning & Development Department hosted a farewell session in honor of outgoing Minister for P&D Department Malik Nadeem Kamran here at P&D Complex, Lahore.
Published 03 Jun, 2018 12:00am
Pre-monsoon rains forecast from June 15

Pre-monsoon rains forecast from June 15

As scorching heatwave continues to torment people across the country, the Met Department has some good news for the residents, at last. It is predicted that pre-monsoon rains will begin in the country from June 15. It may be noted here that monsoon season
Published 03 Jun, 2018 12:00am
MMA to unite Islam-loving voters against secular elements: Baloch

MMA to unite Islam-loving voters against secular elements: Baloch

Secretary General, Jamaat-e-Islami, Liaqat Baloch, who is also Secretary General of the MMA, has said that the Balochistan assembly resolution and the letter of the ex- Chief Minister of Khyber Pakhtunkhwa for delay in the elections were unconstitutional
Published 03 Jun, 2018 12:00am
49 health institutions to be linked with OBOR programme

49 health institutions to be linked with OBOR programme

Under the 'One Belt, One Road' and CPEC Program, the alliance of international medical education has been established in the first three-day conference held in The Sheyang city of province Lieyang, China. As many as 49 health institutes from 15 countries
Published 03 Jun, 2018 12:00am
PTI announces names of candidates from tribal areas

PTI announces names of candidates from tribal areas

Pakistan Tehreek-e-Insaf (PTI) on Saturday announced the names of its candidates from tribal areas, who will contest elections from the platform of the party for National Assembly.
Published 03 Jun, 2018 12:00am
Bid to smuggle ice heroin foiled

Bid to smuggle ice heroin foiled

The Airport Security Force (ASF) foiled a bid to smuggle ice heroin to Saudi Arabia, arrested a passenger at New Islamabad Airport on Saturday. The ASF sources said that during search of baggage of a passenger leaving for Riyadh through a private airline
Published 03 Jun, 2018 12:00am
SKMCH's fund-raising Iftar-cum-dinner held

SKMCH's fund-raising Iftar-cum-dinner held

In a series of Iftar dinners to collect donations for Shaukat Khanum Memorial Cancer Hospital (SKMCH), the hospital management on Saturday arranged an Iftar dinner here on Saturday, in which the people generously contributed.
Published 03 Jun, 2018 12:00am
UN awards seven Pakistani martyred peacekeepers

UN awards seven Pakistani martyred peacekeepers

The United Nations has honored seven Pakistani soldiers who lost their lives while serving in the global body's peacekeeping operations during the year 2017.
Published 03 Jun, 2018 12:00am
Pakistan participates in 1st SCO Media Summit

Pakistan participates in 1st SCO Media Summit

The first Shanghai Cooperation Organization (SCO) Media Summit was held in Beijing. The Media Summit was attended by leaders, representatives, diplomats and media delegates of member and observer states of the SCO, says a press release received here today
Published 03 Jun, 2018 12:00am
Arif Habib Commodities wins award

Arif Habib Commodities wins award

Arif Habib Commodities, Pakistan's largest client-base of PMEX Gold investors and top broker of the Pakistan Mercantile Exchange is an Arif Habib Group Company which has been conferred with Brands of the Year Award 2017 for the Best Brokerage Category by
Published 03 Jun, 2018 12:00am
Trend of having iftari at Peshawar's restaurants

Trend of having iftari at Peshawar's restaurants

With the coming of Ramadan, people across the country in general and Peshawar in particular gear up for a change. With activity during the long hot summers of May and June almost coming to a standstill during daytime, the evenings and late nights come abu
Published 03 Jun, 2018 12:00am
US corn potential remains wide open despite high ratings

US corn potential remains wide open despite high ratings

The US corn crop is off to one of its best-ever starts, but the stellar conditions do not offer any guarantee of yield potential down the road. The US Department of Agriculture's statistics agency rated 79 percent of the country's corn in good or excellen
Published 03 Jun, 2018 12:00am
Paulson nears launch of investor alliance to shake up gold sector

Paulson nears launch of investor alliance to shake up gold sector

US hedge fund Paulson & Co, led by long-time gold bull John Paulson, is set to name a group of investors that will work together to try to drive changes and better returns from gold mining companies after years of dismal industry performance, according to
Published 03 Jun, 2018 12:00am
ICCO sees global cocoa surplus of 10,000 tonnes

ICCO sees global cocoa surplus of 10,000 tonnes

The International Cocoa Organization (ICCO) on Thursday cut sharply its forecast for a global cocoa surplus in 2017/18 partly reflecting stronger-than-expected grindings. The inter-governmental body saw a marginal surplus of just 10,000 tonnes in the 2017
Published 03 Jun, 2018 12:00am
EU angers France, others with proposal to slash farmers' subsidies

EU angers France, others with proposal to slash farmers' subsidies

The European Commission proposed on Friday cutting direct subsidies to farmers while increasing the share of funds going to smaller farms, attracting criticism from France and other countries that benefit most from EU agriculture aid. Under plans for the
Published 03 Jun, 2018 12:00am
Dry spring to cut Ukraine 2018 winter grain crops

Dry spring to cut Ukraine 2018 winter grain crops

Ukraine's 2018 winter wheat harvest is likely to fall to 24 million tonnes from 25.4 million tonnes in 2017 due to extremely dry weather this spring which will reduce the yield, the head of the state weather forecasting department said on Thursday.
Published 03 Jun, 2018 12:00am
Oil to hold above $70, demand to counter any Opec supply rise

Oil to hold above $70, demand to counter any Opec supply rise

Oil will stay above $70 a barrel this year because strong demand and possible supply disruptions in Iran and Venezuela will put pressure on global inventories, even though Opec and Russia are considering raising output, a Reuters poll showed on Thursday.
Published 03 Jun, 2018 12:00am
Colombia could produce 2.5 million tonnes of palm oil

Colombia could produce 2.5 million tonnes of palm oil

Colombia could produce up to 2.5 million tonnes of palm oil annually within the next five years, a 56 percent increase over 2017 output, the president of the country's palm federation said on Friday. The increase, which will come as palm crops mature and
Published 03 Jun, 2018 12:00am
Lots at stake for US agriculture amid Mexican, Canadian trade threats

Lots at stake for US agriculture amid Mexican, Canadian trade threats

With risks to US soyabean trade with China already in the air, trade threats from Mexico and Canada may be the last thing the US agriculture industry wants to see. But that is precisely what happened on Thursday. The United States fiercely angered its nei
Published 03 Jun, 2018 12:00am
US vetoes UN resolution on protecting Palestinians

US vetoes UN resolution on protecting Palestinians

The United States vetoed Friday an Arab-backed UN draft resolution calling for measures to protect the Palestinians but failed to win any backing for its own text condemning Hamas for the violence in Gaza. The two failed votes at the Security Council came
Published 03 Jun, 2018 12:00am
Palestinian shot dead

Palestinian shot dead

A Palestinian man who tried to hit Israeli soldiers with a small tractor in the occupied West Bank city of Hebron was shot dead, the army said. "The 35-year-old terrorist from Beit Ummar, northwest of Hebron, attempted to run over an (Israeli military) of
Published 03 Jun, 2018 12:00am
Thousands at funeral for Gaza volunteer killed on Israel border

Thousands at funeral for Gaza volunteer killed on Israel border

Thousands of Palestinians attended the funeral Saturday of a young female volunteer medic killed by Israeli fire in violence on the border in southern Gaza. Razan al-Najjar, 21, a volunteer with the Gaza health ministry, was fatally shot in the chest near
Published 03 Jun, 2018 12:00am
Al Shabaab fighters seize town in central Somalia

Al Shabaab fighters seize town in central Somalia

Somalia's militant Islamist group al Shabaab has retaken a small town in the centre of the country after it was abandoned by government troops, residents said on Saturday. Fighting broke out in the town of Muqokori, about 300 kilometres north of the capit
Published 03 Jun, 2018 12:00am
Qatar's beIN off-air in UAE amid crisis and pirate claims

Qatar's beIN off-air in UAE amid crisis and pirate claims

Television channels belonging to Qatar media giant beIN were blank for thousands of United Arab Emirates viewers Saturday, as the anniversary of a diplomatic dispute between the countries approaches. Digital television company Du said the blank screens we
Published 03 Jun, 2018 12:00am
Indian taxi driver arrested over Japanese tourist rape

Indian taxi driver arrested over Japanese tourist rape

A taxi driver accused of raping and threatening a Japanese vacationer near a prominent Indian tourist destination has been arrested, police said Saturday. The 30-year-old visitor said she had flagged down the driver's cab on Wednesday in Manali, a resort
Published 03 Jun, 2018 12:00am
Syria FM links talks on south to US withdrawal from border area

Syria FM links talks on south to US withdrawal from border area

Syria's foreign minister on Saturday linked any talks on the future of a rebel-held southern region with the departure of US forces from another area bordering Iraq and Jordan. Regime ally Russia has called for a meeting with the United States and Jordan
Published 03 Jun, 2018 12:00am
Italy's new PM Conte begins work

Italy's new PM Conte begins work

Italy's new prime minister Giuseppe Conte attended a military parade on his first full day in office Saturday, while his outspoken deputy Matteo Salvini was to head to Sicily as part of his campaign against illegal immigration. The military parade, which
Published 03 Jun, 2018 12:00am
At least 18 killed as fresh storms hit north India

At least 18 killed as fresh storms hit north India

Fresh wind storms swept across northern India killing at least 18 people and leaving a trail of damage, officials said Saturday. The latest in a series of freak storms that have left hundreds dead battered Uttar Pradesh state late Friday with winds of 100
Published 03 Jun, 2018 12:00am
Death toll tops 100 in fight for key Yemen port

Death toll tops 100 in fight for key Yemen port

The battle for a major rebel-controlled port in Yemen has left more than 100 soldiers and insurgents dead in less than a week, medics and military sources said Saturday. Yemeni forces are fighting to close in on the Red Sea port of Hodeida, the main condu
Published 03 Jun, 2018 12:00am
US military looking at deploying anti-missile system in Germany

US military looking at deploying anti-missile system in Germany

The US military has held preliminary discussions about moving a powerful missile defence system to Germany to boost European defences, according to two sources familiar with the issue, a move that experts said could trigger fresh tensions with Moscow.
Published 03 Jun, 2018 12:00am
Protesters attack 'immoral' Trump policy on immigrant families

Protesters attack 'immoral' Trump policy on immigrant families

Human rights groups took to the streets in cities across the United States on Friday to protest the Trump administration's policy to separate asylum-seeking Central American immigrant children from their parents. Hundreds of people chanted "families belon
Published 03 Jun, 2018 12:00am
America's poor becoming more destitute under Trump: UN expert

America's poor becoming more destitute under Trump: UN expert

Poverty in the United States is extensive and is deepening under the Trump administration whose policies seem aimed at removing the safety net from millions of poor, while rewarding the rich, a UN human rights investigator has found.
Published 03 Jun, 2018 12:00am
US man built deadly secret tunnels over 'North Korea' fear

US man built deadly secret tunnels over 'North Korea' fear

A US millionaire is to appear in court on Friday charged in the murder of a man recruited to build tunnels at his home near the US capital for protection against North Korea, reports say. Daniel Beckwitt, a conspiracy theorist and millionaire stock trader
Published 03 Jun, 2018 12:00am
Five new Ebola cases in DR Congo

Five new Ebola cases in DR Congo

Health authorities in Democratic Republic of Congo said Saturday they had detected five fresh suspected cases of Ebola in the deadly outbreak afflicting the northwest of the country. Three new cases were recorded in the Bikoro area and two in Wangata, the
Published 03 Jun, 2018 12:00am
Myanmar says willing to take back all Rohingya refugees

Myanmar says willing to take back all Rohingya refugees

Myanmar is willing to take back all 700,000 Rohingya Muslim refugees who have fled to Bangladesh if they volunteer to return, the country's National Security Adviser Thaung Tun said on Saturday. He was speaking at the Shangri-La Dialogue, a regional secur
Published 03 Jun, 2018 12:00am
Seven killed in storm Alberto flooding in Cuba

Seven killed in storm Alberto flooding in Cuba

Heavy flooding caused by Subtropical Storm Alberto killed seven people when it struck Cuba, Civil Defence officials said on Saturday. Two people are also missing after the storm slammed the island earlier in the week, officials said in a statement publish
Published 03 Jun, 2018 12:00am
WW2 shell defused at Brussels airport

WW2 shell defused at Brussels airport

Bomb disposal experts have defused a Second World War shell found during building work at Brussels' international airport, officials said on Saturday. The shell was discovered during excavation work on part of the apron located "at a safe distance" from t
Published 03 Jun, 2018 12:00am
England batsmen share load and keep Pakistan under pressure

England batsmen share load and keep Pakistan under pressure

Every England batsmen contributed but not one reached a half-century as Joe Root's side ratcheted up the pressure on Pakistan in the second test to lead by 128 at the end of a rain-affected second day at Headingley on Saturday. By the late close, England
Published 03 Jun, 2018 12:00am
FIFA clears Morocco 2026 World Cup bid for runoff against North America

FIFA clears Morocco 2026 World Cup bid for runoff against North America

Morocco's bid to host the 2026 World Cup has been cleared by FIFA to proceed to a runoff vote against a bid from North America. "The Moroccan bid has been accepted," Moncef Belkhayat, a former sports minister who sits on the committee, said after the bid
Published 03 Jun, 2018 12:00am
Annual Shandur Polo festival to be held in July

Annual Shandur Polo festival to be held in July

After a gap of over two years, the annual Shandur Polo Festival will be held on its old schedule next month (July), told an official of the Tourism Corporation Khyber Pakhtunkhwa (TCKP) here Saturday. "The event would be organized from July 7-9, 2018 as f
Published 03 Jun, 2018 12:00am
Troubled Sterling booked for diving as England down Nigeria

Troubled Sterling booked for diving as England down Nigeria

England kicked off their World Cup preparations with a 2-1 friendly win over Nigeria, but Raheem Sterling ended a troubled week on a low note as the Manchester City star was booked for diving. Gareth Southgate's side swept into a two-goal lead as Gary Cah
Published 03 Jun, 2018 12:00am
Vaughan warns Broad 'you haven't won yet'

Vaughan warns Broad 'you haven't won yet'

Michael Vaughan warned Stuart Broad he was not beyond criticism after the England paceman was angered by his former captain's comments prior to the ongoing second Test against Pakistan at Headingley. England came under fire after a shambolic display in a
Published 03 Jun, 2018 12:00am
World Cup fever mounts as France turns on the TV

World Cup fever mounts as France turns on the TV

Over 7.6 million viewers tuned in to French television's TF1 to see France thump Italy 3-1 in Nice in their second World Cup warm up game, according to figures released on Saturday The Friday evening prime time slot featuring a sumptuous goal from Barcelo
Published 03 Jun, 2018 12:00am
Halep reaches last 16

Halep reaches last 16

Top seed Simona Halep eased to a 7-5, 6-0 victory over German Andrea Petkovic to reach the French Open fourth round on Saturday. Petkovic struggled with a right knee injury in the second set as Romanian Halep moved into the second week at Roland Garros fo
Published 03 Jun, 2018 12:00am
People might think I'm a homeless person, says US Open champ Stephens

People might think I'm a homeless person, says US Open champ Stephens

US Open champion Sloane Stephens claims she is so unfazed by being a Grand Slam champion that people could mistake her for a homeless person. The 25-year-old American stunned the sport - as well as herself - last year when she raced to victory in New York
Published 03 Jun, 2018 12:00am
Blockchain and cryptocurrency startup Paxos raises $65 million
Currency

Blockchain and cryptocurrency startup Paxos raises $65 million

Blockchain and cryptocurrency startup Paxos has raised $65 million from investors including venture capital firms RRE Ventures and Liberty City Ventures, the New York-based company said on Thursday. Paxos will use the cash injection to expand its operatio
Published 03 Jun, 2018 12:00am
FX settlement provider CLS invests in blockchain consortium R3

FX settlement provider CLS invests in blockchain consortium R3

Foreign exchange settlement provider CLS has invested $5 million in R3, the New York-based blockchain startup, CLS and R3 told Reuters on Wednesday. CLS, which settles over $5 trillion of payment instructions a day for its members, will take a seat on R3'
Published 03 Jun, 2018 12:00am
Cryptocurrency blowing in the wind as mine opens in Estonia
Currency

Cryptocurrency blowing in the wind as mine opens in Estonia

A state-owned Estonian wind farm launched a cryptocurrency mine on Friday, hoping to cash-in on Mother Nature's unlimited supplies of power on a windswept Baltic Sea island, a company official said. Mining virtual currencies, like bitcoin, ethereum or rip
Published 03 Jun, 2018 12:00am
Dollar net shorts fall to five-month low
Currency

Dollar net shorts fall to five-month low

Speculators' net short dollar positioning slid to its lowest level in five months, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar position was $4.85 billion in the w
Published 03 Jun, 2018 12:00am
Mexico central bank makes final call to sign new FX ethics code
Libor

Mexico central bank makes final call to sign new FX ethics code

Mexico's central bank this week made a final push to convince local banks and brokers to sign on to a code of conduct for the foreign exchange market that aims to curb abusive practices like collusion. Banks and brokers face a Thursday deadline to sign on
Published 03 Jun, 2018 12:00am
Mexico central bank makes final call to sign new FX ethics code
Libor

Mexico central bank makes final call to sign new FX ethics code

Mexico's central bank this week made a final push to convince local banks and brokers to sign on to a code of conduct for the foreign exchange market that aims to curb abusive practices like collusion. Banks and brokers face a Thursday deadline to sign on
Published 03 Jun, 2018 12:00am
Strong jobs report buoys dollar as trade tensions rise
Currency

Strong jobs report buoys dollar as trade tensions rise

Better-than-expected US employment data on Friday kept the dollar afloat, even as the European Union, Canada and Mexico are expected to retaliate to the import tariffs on steel and aluminium announced by President Donald Trump. Domestic job growth acceler
Published 03 Jun, 2018 12:00am
Canadian dollar flat
Currency

Canadian dollar flat

The Canadian dollar was little changed against the greenback on Friday as the prospect of a Bank of Canada interest rate hike in July offset escalating trade tensions between Canada and the United States. At 4 p.m. EDT (2000 GMT), the Canadian dollar was
Published 03 Jun, 2018 12:00am
South African rand heads for weekly loss
Currency

South African rand heads for weekly loss

South Africa's rand was set for a loss of around 1 percent against the dollar this week, as a manufacturing survey suggested that the economy was not yet firing on all cylinders under President Cyril Ramaphosa. The rand traded mostly in positive territory
Published 03 Jun, 2018 12:00am
Japan drops plans to lower max leverage on margin FX trades
Currency

Japan drops plans to lower max leverage on margin FX trades

Japan's Financial Services Agency (FSA) is scrapping a plan to reduce the maximum leverage allowed for margin currency trading, a source with direct knowledge of the matter said on Tuesday. The country's financial watchdog had been seeking to cut the maxi
Published 03 Jun, 2018 12:00am
Goldman Sachs cuts euro/dollar forecasts
Currency

Goldman Sachs cuts euro/dollar forecasts

US investment bank Goldman Sachs said on Wednesday it had cut its euro/dollar forecast for the next 3, 6 and 12-months because of uncertainty stemming from Italy's political crisis, while HSBC said the dollar's recent rally had further to run. Goldman sai
Published 03 Jun, 2018 12:00am
BlackRock EM fund has bought Turkey's lira, dollar-bonds
Currency

BlackRock EM fund has bought Turkey's lira, dollar-bonds

Asset manager BlackRock has raised its exposure to Turkey's battered currency and hard-currency bonds in the wake of the recent sell-off, Sergio Trigo Paz, the firm's head of emerging markets portfolio management, said on Thursday. "We have lately investe
Published 03 Jun, 2018 12:00am
BlackRock EM fund has bought Turkey's lira, dollar-bonds
Currency

BlackRock EM fund has bought Turkey's lira, dollar-bonds

Asset manager BlackRock has raised its exposure to Turkey's battered currency and hard-currency bonds in the wake of the recent sell-off, Sergio Trigo Paz, the firm's head of emerging markets portfolio management, said on Thursday. "We have lately investe
Published 03 Jun, 2018 12:00am
Russian oil output stagnant but remains above quotas

Russian oil output stagnant but remains above quotas

Russian oil output was stagnant at 10.97 million barrels per day (bpd) for a third month in a row in May, again exceeding quotas set under a global deal, Energy Ministry data showed on Saturday. Russia, one of the world's largest crude producers, and the
Published 03 Jun, 2018 12:00am
Tunisia to raise fuel prices, hold off public wages increases

Tunisia to raise fuel prices, hold off public wages increases

Tunisia will raise fuel prices in the coming days but hold off increasing public wages this year to meet terms of the International Monetary Fund for its next loan tranche, a government official and diplomatic sources told Reuters. Tunisia has dropped int
Published 03 Jun, 2018 12:00am
Russia to boost presence on global LNG market, helped by lower costs

Russia to boost presence on global LNG market, helped by lower costs

Russia plans to raise its annual production of seaborne liquefied natural gas (LNG) to as much as 120 million tonnes by 2035 and take market share from Australia and the United States by capitalising on low costs, a deputy energy minister said. In Decembe
Published 03 Jun, 2018 12:00am
Thousands in Argentina protest against utility costs, IMF

Thousands in Argentina protest against utility costs, IMF

Tens of thousands of demonstrators marched in the Argentine capital Friday to protest talks between the government and the IMF amid fresh public anger over a hike in utility prices. Even as demonstrators gathered on Plaza de Mayo to bring political heat t
Published 03 Jun, 2018 12:00am
Russia partially lifts ban on potato exports from Egypt

Russia partially lifts ban on potato exports from Egypt

Russia has agreed to ease a ban on potato exports from eight farming areas in Egypt, allowing shipments to resume from June 6, Egyptian Trade Minister Tarek Kabil said in a statement on Saturday. The decision to partially lift restrictions came after Egyp
Published 03 Jun, 2018 12:00am
Venezuela says postponed currency overhaul now set for August 4
Currency

Venezuela says postponed currency overhaul now set for August 4

Venezuela said on Saturday a postponed currency overhaul to remove three zeroes from the devalued bolivar would take place on August 4, two months later than originally planned. President Nicolas Maduro's socialist government is taking the measure in resp
Published 03 Jun, 2018 12:00am
China's COSCO to build $2 billion shipping port in Peru

China's COSCO to build $2 billion shipping port in Peru

China's COSCO Shipping Holdings Co Ltd will build and operate a $2 billion port on Peru's Pacific coast, part of $10 billion upcoming Chinese investments in the copper-producing nation, China's ambassador to Peru announced on Friday. The proposed port in
Published 03 Jun, 2018 12:00am
Aid effort for South Sudan refugees critically short of money: UN

Aid effort for South Sudan refugees critically short of money: UN

Efforts to assist millions of people fleeing South Sudan in Africa's biggest refugee crisis face a critical funding shortfall of nearly $800 million, a top regional United Nations official said on Friday. The five-year civil war has hit women and children
Published 03 Jun, 2018 12:00am
Fed's Williams says rates may start to brake growth by next year

Fed's Williams says rates may start to brake growth by next year

The Federal Reserve should continue to raise rates gradually over the next two years, a US central banker said on Friday, with higher borrowing costs perhaps beginning to act as a brake on growth starting early next year. The Fed is about three rate hikes
Published 03 Jun, 2018 12:00am
British discount retailer Poundworld nears rescue

British discount retailer Poundworld nears rescue

British discount retailer Poundworld is close to a rescue deal with former Austin Reed owner Alteri Investors, Sky News reported on Saturday, with the deal likely to be announced next week. Private equity group TPG put Poundworld up for sale after receivi
Published 03 Jun, 2018 12:00am
US auto sales rise slightly in May

US auto sales rise slightly in May

May sales of new vehicles in the United States rose an estimated 2 percent as low unemployment and strong consumer confidence helped mitigate the impact of rising interest rates and fuel prices, Ford Motor Co executives said on Friday. Robust Memorial Day
Published 03 Jun, 2018 12:00am
Canada auto sales fall marginally

Canada auto sales fall marginally

Canada's auto sales recorded a small dip in May as strong sales of light trucks failed to offset slowing demand for passenger cars. Overall auto sales fell 0.7 percent in May, with passenger cars posting a 9.4 percent decline to 68,070 units, according to
Published 03 Jun, 2018 12:00am
Truckers' strike curbs Brazil trade surplus

Truckers' strike curbs Brazil trade surplus

Brazil's trade surplus shrank more than expected in May, weighed down by nationwide truckers strikes that blocked key highways in Latin America's largest economy. The trade surplus fell 22 percent from the year before to $5.981 billion, data from the trad
Published 03 Jun, 2018 12:00am
Iran oil exports highest since nuclear deal at 2.7 million bpd

Iran oil exports highest since nuclear deal at 2.7 million bpd

Iran's oil exports hit 2.7 million barrels per day (bpd) in May, the Oil Ministry's news agency SHANA reported on Saturday, a new record since the lifting of international sanctions on Tehran in 2016, and despite the threats of fresh US sanctions. US Pres
Published 03 Jun, 2018 12:00am
Free trade talks between China and Sri Lanka hit big hurdles

Free trade talks between China and Sri Lanka hit big hurdles

Talks between China and Sri Lanka for a free trade agreement have hit major hurdles, mainly because Beijing will not agree to Colombo's demand for a review of the deal after 10 years, Sri Lanka's top negotiator said. China has invested billions of dollars
Published 03 Jun, 2018 12:00am
IMF releases $250 million of Sri Lanka loan, seeks airline shake-up

IMF releases $250 million of Sri Lanka loan, seeks airline shake-up

The International Monetary Fund announced the release of the latest instalment of Sri Lanka's $1.5 billion bailout on Saturday, but warned that restructuring the loss-making national airline was essential to sustain economic recovery. The IMF welcomed the
Published 03 Jun, 2018 12:00am
Turkey says 'addressing economy concerns' after Moody's threat
Currency

Turkey says 'addressing economy concerns' after Moody's threat

Turkey on Saturday said it was addressing the concerns of financial markets about the economy after Moody's threatened a further downgrade of the rating on the ability of the government to pay back its debts. Moody's, which had already downgraded Turkey's
Published 03 Jun, 2018 12:00am
Turkey says 'addressing economy concerns' after Moody's threat
Currency

Turkey says 'addressing economy concerns' after Moody's threat

Turkey on Saturday said it was addressing the concerns of financial markets about the economy after Moody's threatened a further downgrade of the rating on the ability of the government to pay back its debts. Moody's, which had already downgraded Turkey's
Published 03 Jun, 2018 12:00am
Caribbean set to ride 'blue economy' wave: economists

Caribbean set to ride 'blue economy' wave: economists

Caribbean countries should dive into the "blue economy" to exploit marine resources, giving their economies a much needed boost, while protecting coastal eco-systems, economists said. The island nations - which have 80 times more sea than land - been hamp
Published 03 Jun, 2018 12:00am
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