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Archive - 2018-06-09
French minister says Merkel's eurozone plans fall short
Currency

French minister says Merkel's eurozone plans fall short

French Finance Minister Bruno Le Maire said on a visit to Berlin Friday that while Paris welcomed Chancellor Angela Merkel's proposals for eurozone reforms, they needed to "go further". Merkel last weekend gave her most detailed response to date to French
Published 09 Jun, 2018 12:00am
Verizon names former Ericsson chief as new CEO

Verizon names former Ericsson chief as new CEO

Former Ericsson chief executive Hans Vestberg was named Friday as the new CEO of US telecom group Verizon, succeeding Lowell McAdam as of August 1. Vestberg, 52, is currently chief technology officer and head of global networks for Verizon, the leading US
Published 09 Jun, 2018 12:00am
BT's chief executive to step down

BT's chief executive to step down

BT, the British telecoms and television broadcasting company, said Friday that its chief executive Gavin Patterson would depart his role later this year, following shareholder unrest over the group's outlook. "The board is fully supportive of the strategy
Published 09 Jun, 2018 12:00am
EU response to US tariffs could spark 'one-upsmanship:' Bettel

EU response to US tariffs could spark 'one-upsmanship:' Bettel

The EU response to US metal tariffs risks triggering a spiral of "one-upsmanship" that could endanger Europe's and the world's economic recovery, Luxembourg Prime Minister Xavier Bettel warned. In an interview with AFP, Bettel said the European Union is n
Published 09 Jun, 2018 12:00am
India's finance minister says committed to support state banks

India's finance minister says committed to support state banks

India's interim finance minister said on Friday that the government was committed to support all state-run banks and strengthen their operations, after several lenders reported a jump in net losses last month. "The government stands committed to support a
Published 09 Jun, 2018 12:00am
Ant Financial raises $14 billion to become biggest fintech firm

Ant Financial raises $14 billion to become biggest fintech firm

Chinese digital payments giant Ant Financial said Friday it had raised $14 billion in its latest financing round, making it the world's largest fintech company ahead of an expected mammoth IPO. The cash infusion for Ant, an affiliate of e-commerce heavywe
Published 09 Jun, 2018 12:00am
Embattled Air India seeks 'urgent' loan

Embattled Air India seeks 'urgent' loan

Air India has announced it is seeking an urgent multi-million-dollar loan to maintain day-to-day operations, highlighting the wretched financial predicament of the country's debt-stricken national carrier. In a statement posted on its website this week th
Published 09 Jun, 2018 12:00am
No more flights from Sri Lanka's second airport

No more flights from Sri Lanka's second airport

Sri Lanka's jinxed second international airport was left without a single scheduled flight from Friday after the only airline using the remote facility scrapped its daily service. Dubai's flydubai gave no reason for the pullout from Mattala International,
Published 09 Jun, 2018 12:00am
Argentina and IMF agree on $50 billion loan
Currency

Argentina and IMF agree on $50 billion loan

The International Monetary Fund (IMF) agreed with Argentina to a standby loan of $50 billion over a three-year period, Finance Minister Nicolas Dujovne said Thursday. "We have looked to the IMF to avoid a crisis," the minister told a news conference in Bu
Published 09 Jun, 2018 12:00am
Bern threatens retaliation for EU stock exchange ruling

Bern threatens retaliation for EU stock exchange ruling

Bern warned Friday it was prepared to retaliate if the EU does not reassess its decision to give the Swiss stock exchange only temporary access to the bloc's single market. The European Commission announced late last year that it would limit to one year i
Published 09 Jun, 2018 12:00am
China's export growth steady, import growth faster but not from US

China's export growth steady, import growth faster but not from US

China maintained solid export growth of 12.6 percent in May, slightly slower than in April, but still providing good news for Beijing's policymakers as they deal with tough trade negotiations with Washington. Imports also rose more than anticipated in May
Published 09 Jun, 2018 12:00am
China's iron ore futures rise to two-week high

China's iron ore futures rise to two-week high

Chinese iron ore futures climbed to their highest level in two weeks on Wednesday after an iron ore mining accident, stirring concerns about potential tight supply in the market. An explosion on Tuesday at an iron ore mining project owned by Huamei Group
Published 09 Jun, 2018 12:00am
Cotton prices firm on lean business
Cotton

Cotton prices firm on lean business

Prices maintained firm trend on the cotton market on Friday in the process of subdued business activity, dealers said. The official spot rate was unchanged at Rs 7,500, they added. In the ready session, 200 bales of cotton from Khaniwal done at Rs 6000, t
Published 09 Jun, 2018 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 205,886 tonnes of cargo comprising 161,980 tonnes of import cargo and 43,906 tonnes of export cargo including 8,299 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 161
Published 09 Jun, 2018 12:00am
Euronext wheat rises to one week high

Euronext wheat rises to one week high

Euronext wheat rose to a one-week high on Wednesday, buoyed by a surge in US futures amid concerns about dry weather in Russia and other major production zones worldwide. However, gains on Euronext were limited by a sharp rise in the euro against the doll
Published 09 Jun, 2018 12:00am
Ukrainian grains in good state despite poor weather

Ukrainian grains in good state despite poor weather

Hot and dry weather across most of Ukraine has not yet affected grain crops but conditions will deteriorate if the dry weather persists, analyst UkrAgroConsult said on Monday. In many areas, topsoil has dried up and soil moisture content in the one-metre
Published 09 Jun, 2018 12:00am
Asian naphtha cracks down to 1-1/2 month low

Asian naphtha cracks down to 1-1/2 month low

Asia's naphtha crack fell for the second straight day to reach a near 1-1/2 month low of $87.60 a tonne on Wednesday as high oil prices and weak gasoline fundamentals weighed. But naphtha spot premiums stayed strong due to demand. South Korea's GS Caltex
Published 09 Jun, 2018 12:00am
CBOT corn futures hit two-month low

CBOT corn futures hit two-month low

Chicago Board of Trade corn futures hit a two-month low Wednesday as mostly favourable weather in the US Midwest bolstered crop prospects and pushed the July and December contracts below technical support levels, traders said. CBOT July corn settled down
Published 09 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 3,509. The traded value of Metals, Energy and COTS/FX was recorded at USD 5.806 billion and the number of lots traded was 9,763.
Published 09 Jun, 2018 12:00am
The obsolescence of management

The obsolescence of management

Management is the buzzword that we have lived by in our professional life. Well managed companies are studied and emulated as they connote better performance, more productivity and higher profits. Researchers have traditionally made huge strides in develo
Published 09 Jun, 2018 12:00am
Plastic wasteland: Asia's ocean pollution crisis

Plastic wasteland: Asia's ocean pollution crisis

A Vietnamese mangrove draped with polythene, a whale killed after swallowing waste bags in Thai seas and clouds of underwater trash near Indonesian "paradise" islands - grim images of the plastic crisis that has gripped Asia.
Published 09 Jun, 2018 12:00am
ARTS FACTS: Reflections of divine words

ARTS FACTS: Reflections of divine words

A calligraphy group exhibition at Ahmed Pervez Art Gallery of Arts Council of Pakistan, Karachi added colours to the spiritual, aesthetic ambience of the holy month of Ramazan. The visitors were overwhelmed by the feeling of calmness and stillness which p
Published 09 Jun, 2018 12:00am
Fascinated with beauty

Fascinated with beauty

The images of diverse and contrasting environments were juxtaposed in a single space showing the work of exceptional architectural heritage of Pakistan and alluring wide eyed woman figures in a two person show at Artscene Galleries, Karachi.
Published 09 Jun, 2018 12:00am
Meghan loved her veil embroidered with tribute to the Commonwealth

Meghan loved her veil embroidered with tribute to the Commonwealth

When Meghan Markle walked down the aisle to marry Prince Harry on Saturday (May 19), she had with her the 53 countries of the Commonwealth - each one represented in the embroidery of her veil. Recounting the discussions over Meghan's dress and veil for Sa
Published 09 Jun, 2018 12:00am
Baked goods and Wi-Fi bring Everest closer to home

Baked goods and Wi-Fi bring Everest closer to home

Wi-Fi, baked goods and trendy coffee: gone are the days of deprivation at Everest base camp, with hipster perks and modern conveniences ensuring life is cushier than ever on the roof of the world.
Published 09 Jun, 2018 12:00am
Add healthy lentils to Ramazan diet

Add healthy lentils to Ramazan diet

For centuries, people around the world include lentils in their diet because of their high nutrition value. Lentils have been found in the tombs of Egypt dating back to 2400 B.C. Egyptians used them as an aphrodisiac and thought that they had the power to
Published 09 Jun, 2018 12:00am
Johansson on 'no place to hide,' Time's Up and music

Johansson on 'no place to hide,' Time's Up and music

"There's really no place to hide." So says Scarlett Johansson, movie maven, Avengers heroine and millionaire Hollywood actress as she contemplates the Time's Up revolution following the demise of Harvey Weinstein.
Published 09 Jun, 2018 12:00am
Going 'Overboard': Hollywood's glut of gender-swap remakes

Going 'Overboard': Hollywood's glut of gender-swap remakes

From the polarizing "Ghostbusters" remake to the controversy over female versions of James Bond and Doctor Who, Hollywood's proclivity for gender-swapped retreads is among its most enduring and contentious.
Published 09 Jun, 2018 12:00am
Hollywood legend Brian De Palma to tackle Weinstein story

Hollywood legend Brian De Palma to tackle Weinstein story

"Scarface" director Brian De Palma is to tackle the story of disgraced movie mogul Harvey Weinstein, the Hollywood legend said. The maker of "Carrie" and "The Untouchables" said he was toying with the idea of dealing with Weinstein and the MeToo movement
Published 09 Jun, 2018 12:00am
BRIDGE NOTES: Inspired suit preference

BRIDGE NOTES: Inspired suit preference

In Bridge the defense, which is acknowledged as it's most difficult and complex aspect, has found many ways to communicate as accurately as possible with partner. These defense gadgets have been tested by experts and found to be very useful in throwing li
Published 09 Jun, 2018 12:00am
Roaring dinosaurs return in 'Jurassic World' sequel

Roaring dinosaurs return in 'Jurassic World' sequel

The dinosaurs are back. The roaring creatures return to cinema screens in "Jurassic World: Fallen Kingdom", the fifth installment in the sci-fi movie franchise which began 25 years ago. The sequel to 2015's "Jurassic World" sees actors Chris Pratt and Bry
Published 09 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 09 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 09 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 09 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 09 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 08, 2018).

Published 09 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 08, 2018).

Published 09 Jun, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 08, 2018).
Published 09 Jun, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (June 08, 2018).

Published 09 Jun, 2018 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee did not move any side in relation to the dollar on the money market, dealers said on Friday. The rupee was firm against the dollar for buying and selling Rs 115.61 and Rs 115.62 respectively, they said.
Published 09 Jun, 2018 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee did not move any side in relation to the dollar on the money market, dealers said on Friday. The rupee was firm against the dollar for buying and selling Rs 115.61 and Rs 115.62 respectively, they said.
Published 09 Jun, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 08, 2018).

Published 09 Jun, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 08, 2018).

Published 09 Jun, 2018 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (June 08, 2018).

Published 09 Jun, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (June 08, 2018)

Published 09 Jun, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (June 08, 2018).

Published 09 Jun, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 09 Jun, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 09 Jun, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 08, 2018).

Published 09 Jun, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 08, 2018).

Published 09 Jun, 2018 12:00am
The Weather

The Weather

The weather report on Friday (June 08, 2018) and the forecast for Saturday (June 09, 2018).

Published 09 Jun, 2018 12:00am
US soldier killed, four more wounded in Somalia attack

US soldier killed, four more wounded in Somalia attack

An American special operations soldier was killed Friday in an attack in Somalia that also wounded four US military personnel along with a Somali soldier, a US defense official told AFP.
Published 09 Jun, 2018 12:00am
Nawaz criticizes SC's directions for Musharraf

Nawaz criticizes SC's directions for Musharraf

Criticizing the Supreme Court's directions for former President General Pervez Musharraf to file nomination papers conditionally, deposed Prime Minister Nawaz Sharif said that it is beyond comprehension and above the law that a person who is facing a trea
Published 09 Jun, 2018 12:00am
Nawaz criticizes SC's directions for Musharraf

Nawaz criticizes SC's directions for Musharraf

Criticizing the Supreme Court's directions for former President General Pervez Musharraf to file nomination papers conditionally, deposed Prime Minister Nawaz Sharif said that it is beyond comprehension and above the law that a person who is facing a trea
Published 09 Jun, 2018 12:00am
SBP further refines Shariah governance framework

SBP further refines Shariah governance framework

In view of the industry practices and considering the feedback from Islamic Banking Institutions (IBIs), the State Bank of Pakistan (SBP) has further refined Shariah Governance Framework (SGF) and accordingly issued for compliance.
Published 09 Jun, 2018 12:00am
SBP further refines Shariah governance framework

SBP further refines Shariah governance framework

In view of the industry practices and considering the feedback from Islamic Banking Institutions (IBIs), the State Bank of Pakistan (SBP) has further refined Shariah Governance Framework (SGF) and accordingly issued for compliance.
Published 09 Jun, 2018 12:00am
SBP further refines Shariah governance framework

SBP further refines Shariah governance framework

In view of the industry practices and considering the feedback from Islamic Banking Institutions (IBIs), the State Bank of Pakistan (SBP) has further refined Shariah Governance Framework (SGF) and accordingly issued for compliance.
Published 09 Jun, 2018 12:00am
Iran slams US for seeking Saudi oil output hike

Iran slams US for seeking Saudi oil output hike

Iran said on Friday a US request for Saudi Arabia to pump more oil so that it could cover a drop in Iranian exports was "crazy and astonishing" and said Opec would not heed the appeal, setting the stage for a tough Opec meeting this month. Iran, Saudi Ara
Published 09 Jun, 2018 12:00am
Iran slams US for seeking Saudi oil output hike

Iran slams US for seeking Saudi oil output hike

Iran said on Friday a US request for Saudi Arabia to pump more oil so that it could cover a drop in Iranian exports was "crazy and astonishing" and said Opec would not heed the appeal, setting the stage for a tough Opec meeting this month. Iran, Saudi Ara
Published 09 Jun, 2018 12:00am
Iran slams US for seeking Saudi oil output hike

Iran slams US for seeking Saudi oil output hike

Iran said on Friday a US request for Saudi Arabia to pump more oil so that it could cover a drop in Iranian exports was "crazy and astonishing" and said Opec would not heed the appeal, setting the stage for a tough Opec meeting this month. Iran, Saudi Ara
Published 09 Jun, 2018 12:00am
Shamshad briefs NSC about FATF challenge

Shamshad briefs NSC about FATF challenge

Caretaker Prime Minister former Justice Nasir-ul-Mulk on Friday shared with National Security Committee (NSC) the contents of his telephonic discussion with the US Vice President Mike Pence on Thursday last. A meeting of the NSC presided over by the caret
Published 09 Jun, 2018 12:00am
Shamshad briefs NSC about FATF challenge

Shamshad briefs NSC about FATF challenge

Caretaker Prime Minister former Justice Nasir-ul-Mulk on Friday shared with National Security Committee (NSC) the contents of his telephonic discussion with the US Vice President Mike Pence on Thursday last. A meeting of the NSC presided over by the caret
Published 09 Jun, 2018 12:00am
ECP freezes uplift funds of local governments

ECP freezes uplift funds of local governments

Election Commission of Pakistan (ECP) on Friday announced to freeze development funds of local governments, including those functioning in the federal capital and cantonment boards, with immediate effect. According to the ECP's notification, the developme
Published 09 Jun, 2018 12:00am
ECP freezes uplift funds of local governments

ECP freezes uplift funds of local governments

Election Commission of Pakistan (ECP) on Friday announced to freeze development funds of local governments, including those functioning in the federal capital and cantonment boards, with immediate effect. According to the ECP's notification, the developme
Published 09 Jun, 2018 12:00am
Revised general election schedule announced

Revised general election schedule announced

Election Commission of Pakistan (ECP) on Friday issued a revised schedule with changes in various stages of election programme for general polls 2018. According to ECP notification, the date of poll will remain intact and poll will be held on July 25, as
Published 09 Jun, 2018 12:00am
Revised general election schedule announced

Revised general election schedule announced

Election Commission of Pakistan (ECP) on Friday issued a revised schedule with changes in various stages of election programme for general polls 2018. According to ECP notification, the date of poll will remain intact and poll will be held on July 25, as
Published 09 Jun, 2018 12:00am
Suspected Russia raids kill more than 50 civilians in northwest Syria

Suspected Russia raids kill more than 50 civilians in northwest Syria

Air strikes thought to have been carried out by Russian jets on a rebel-held residential area in northwestern Syria have killed 51 civilians, a Britain-based monitor said on Friday. Nine children were among those killed when the strikes hit the Zardana ar
Published 09 Jun, 2018 12:00am
Italy to ask Nato to help deal with migrant flows

Italy to ask Nato to help deal with migrant flows

Italy wants Nato to help defend its southern shores from an influx of migrants, Interior Minister Matteo Salvini said on Friday, signalling the new government would take a much tougher line on immigration controls. Salvini, who heads the far-right League,
Published 09 Jun, 2018 12:00am
After rape-murder shocks Germany, suspect captured in Iraq

After rape-murder shocks Germany, suspect captured in Iraq

A failed Iraqi asylum seeker suspected of raping and murdering a teenage girl in Germany was arrested in Iraq overnight, German authorities said Friday, after his escape sparked outrage and raised questions over immigration and police failings. Ali Bashar
Published 09 Jun, 2018 12:00am
Nato's eastern allies want increased naval, air presence

Nato's eastern allies want increased naval, air presence

The nine member countries on Nato's eastern flank want an "increased presence" by the alliance in their region, Polish President Andrzej Duda said after a group meeting in Warsaw on Friday. The so-called "Bucharest Nine" countries, which first held talks
Published 09 Jun, 2018 12:00am
Trump deepens G7 divide with call to readmit Russia

Trump deepens G7 divide with call to readmit Russia

President Donald Trump drove the wedge splitting Washington from its Western allies even deeper on Friday with a shock call for Russia to be readmitted to the G7 club of nations. As the heads of the top industrialized democracies embarked on the two-day G
Published 09 Jun, 2018 12:00am
Trump deepens G7 divide with call to readmit Russia

Trump deepens G7 divide with call to readmit Russia

President Donald Trump drove the wedge splitting Washington from its Western allies even deeper on Friday with a shock call for Russia to be readmitted to the G7 club of nations. As the heads of the top industrialized democracies embarked on the two-day G
Published 09 Jun, 2018 12:00am
Eid holidays announced

Eid holidays announced

The federal government has announced Eidul Fitr holidays from June 15 to 18, according to Aaj News. The holidays were announced Friday by the interior ministry in a notification. The central Ruet-e-Hilal committee will meet on Thursday (June 14) to offici
Published 09 Jun, 2018 12:00am
Eid holidays announced

Eid holidays announced

The federal government has announced Eidul Fitr holidays from June 15 to 18, according to Aaj News. The holidays were announced Friday by the interior ministry in a notification. The central Ruet-e-Hilal committee will meet on Thursday (June 14) to offici
Published 09 Jun, 2018 12:00am
Nawaz accused of buying properties through 'embezzled' money

Nawaz accused of buying properties through 'embezzled' money

Deputy Prosecutor General National Accountability Bureau (NAB), Sardar Muzaffar Abbasi on Friday told the Accountability Court that former Prime Minister Nawaz Sharif had purchased the Avenfield properties through "embezzled" money in the names of his chi
Published 09 Jun, 2018 12:00am
Nawaz accused of buying properties through 'embezzled' money

Nawaz accused of buying properties through 'embezzled' money

Deputy Prosecutor General National Accountability Bureau (NAB), Sardar Muzaffar Abbasi on Friday told the Accountability Court that former Prime Minister Nawaz Sharif had purchased the Avenfield properties through "embezzled" money in the names of his chi
Published 09 Jun, 2018 12:00am
UNSC picks five new members

UNSC picks five new members

The UN General Assembly elected Belgium, the Dominican Republic, Germany, Indonesia and South Africa on Friday to serve as non-permanent members on the Security Council for two years starting in January. All but three of the 193 UN member states cast pape
Published 09 Jun, 2018 12:00am
UNSC picks five new members

UNSC picks five new members

The UN General Assembly elected Belgium, the Dominican Republic, Germany, Indonesia and South Africa on Friday to serve as non-permanent members on the Security Council for two years starting in January. All but three of the 193 UN member states cast pape
Published 09 Jun, 2018 12:00am
Trump mulling posthumous pardon for Muhammad Ali

Trump mulling posthumous pardon for Muhammad Ali

US President Donald Trump said Friday he was considering granting a posthumous pardon to late boxing great Muhammad Ali, who refused military service during the Vietnam War. Ali, who died in 2016, was convicted of draft evasion in 1967 and sentenced to fi
Published 09 Jun, 2018 12:00am
Trump mulling posthumous pardon for Muhammad Ali

Trump mulling posthumous pardon for Muhammad Ali

US President Donald Trump said Friday he was considering granting a posthumous pardon to late boxing great Muhammad Ali, who refused military service during the Vietnam War. Ali, who died in 2016, was convicted of draft evasion in 1967 and sentenced to fi
Published 09 Jun, 2018 12:00am
Israeli troops kill four Palestinians as Gaza protest resumes

Israeli troops kill four Palestinians as Gaza protest resumes

Israeli troops killed four Palestinians and wounded hundreds of others on Friday with live fire or tear gas used against protesters at the Gaza border, medics said, while Israel said militants had attacked its forces with guns and grenades.
Published 09 Jun, 2018 12:00am
Israeli troops kill four Palestinians as Gaza protest resumes

Israeli troops kill four Palestinians as Gaza protest resumes

Israeli troops killed four Palestinians and wounded hundreds of others on Friday with live fire or tear gas used against protesters at the Gaza border, medics said, while Israel said militants had attacked its forces with guns and grenades.
Published 09 Jun, 2018 12:00am
Entitlement, excess and security

Entitlement, excess and security

A three-member Supreme Court (SC) bench headed by Chief Justice of Pakistan (CJP) Saqib Nisar has advised politicians, particularly the JUI-F chief Maulana Fazlur Rehman, to arrange their own security. The SC was hearing a suo motu case regarding the use
Published 09 Jun, 2018 12:00am
Cross-border attack from Afghanistan

Cross-border attack from Afghanistan

What happened on the Pak-Afghan border last Sunday can only be described as unwarranted. In two separate incidents in Khyber Pakhtunkhwa and Balochistan, unidentified men opened fire from across the Durand Line. Four FC personnel and one PAF soldier were
Published 09 Jun, 2018 12:00am
Back to IMF?
Currency

Back to IMF?

Within hours of PML-N government's exit upon completion of its five-year tenure, the Ministry of Finance, FBR and State Bank of Pakistan volunteered to make transparent the facts about the state of economy. Reportedly, the Ministry of Finance warned the c
Published 09 Jun, 2018 12:00am
Black elephants

Black elephants

Who would have thought that the majestic pachyderm will end up being associated with rather pinching, if not downright derogatory, metaphors!
Published 09 Jun, 2018 12:00am
Swiss 'real money' fallout would ripple across markets
Currency

Swiss 'real money' fallout would ripple across markets

The Swiss central bank (SNB) has built up a $750 billion war chest after years of currency interventions but a referendum to limit money creation, if passed, could end such operations and have repercussions far beyond Switzerland's borders.
Published 09 Jun, 2018 12:00am
'PTI's economic agenda'

'PTI's economic agenda'

In her op-ed titled "PTI's economic agenda" for Business Recorder, Anjum Ibrahim has made an insightful and objective analysis of what PTI can do and what it cannot.
Published 09 Jun, 2018 12:00am
Mamnoon heads to China to attend SCO moot

Mamnoon heads to China to attend SCO moot

President Mamnoon Hussain will leave for China today (Saturday) to attend the 18th Meeting of the Council of the Heads of State (CHS) of Shanghai Cooperation Organization (SCO) at Qingdao from June 09-10, 2018, Foreign Office said on Friday.
Published 09 Jun, 2018 12:00am
Vital amendment in 1974 Act result of PML-N's hard work: AJK PM

Vital amendment in 1974 Act result of PML-N's hard work: AJK PM

Azad Jammu and Kashmir (AJK) Prime Minister Raja Farooq Haider Khan has said the historic and vital amendment in Act 1974, which paved way for financial autonomy and unprecedented increase in the development budget, is the result of the hard work of PML-N
Published 09 Jun, 2018 12:00am
Allowing Musharraf to file papers amounts to evade rule of law: Rabbani

Allowing Musharraf to file papers amounts to evade rule of law: Rabbani

Former chairman Senate Raza Rabbani said on Friday that rule of law shall evade Pakistan if former president Pervez Musharraf is allowed to file his nomination papers in the forthcoming general election. In a statement issued here, he said it is a matter
Published 09 Jun, 2018 12:00am
Another accused in 'MNM motorcycle scam' held

Another accused in 'MNM motorcycle scam' held

National Accountability Bureau (NAB), Lahore has arrested accused Muhammad Waqas from Sargodha on the allegation of grabbing Rs 10.2 million as commission for booking around 5000 motorbikes being a Director for MNM motorcycle scam.
Published 09 Jun, 2018 12:00am
Water scarcity: CJP seeks details of tube wells installed in twin cities

Water scarcity: CJP seeks details of tube wells installed in twin cities

The apex court on Friday sought details of tube-wells installed in twin-cities of Islamabad and Rawalpindi from chairmen Capital Development Authority and Municipal Corporation Rawalpindi in 10 days. The executive officer Cantonment Board Rawalpindi and m
Published 09 Jun, 2018 12:00am
Nominees of opposition selected as interim CMs of Punjab, KP: ECP

Nominees of opposition selected as interim CMs of Punjab, KP: ECP

The Election Commission of Pakistan (ECP) selected caretaker chief ministers from nominees suggested by the opposition in a show of neutrality and to dispel the impression of any leniency towards any ruling party, a senior official of the ECP told Busi
Published 09 Jun, 2018 12:00am
Babar for extension of higher courts' jurisdiction to tribal areas

Babar for extension of higher courts' jurisdiction to tribal areas

Senator Farhatullah Babar has said jurisdiction of Supreme Court and High Court should be extended to tribal areas in accordance with the recently passed legislation. This he stated at a HRCP consultation here on the Interim Governance Regulation in the F
Published 09 Jun, 2018 12:00am
RD will not be applicable: FBR expands list of items

RD will not be applicable: FBR expands list of items

The Federal Board of Revenue (FBR) has expanded the list of items on which regulatory duty (RD) would not be applicable, including 10 kinds of fruits/vegetables. In this regard, the FBR has amended list of exclusions under SRO 640(1)/2018 through a notifi
Published 09 Jun, 2018 12:00am
Another hot spell forecast for Karachi

Another hot spell forecast for Karachi

The city is expected to receive another warm weather spell in the next 48 hours with temperature scaling up to 39 degrees Celsius, the Met Office said on Friday. Weather is likely to remain partly cloudy with temperature touching 38 degrees Celsius with 8
Published 09 Jun, 2018 12:00am
BoP selects C SQUARE to deploy Genesys Solution

BoP selects C SQUARE to deploy Genesys Solution

In its vision and aspiration to innovate & lead in the Customer Experience Management domain, BOP signed C Square to deploy Worlds number 1 Contact Centre/CX Solution provider Genesys.
Published 09 Jun, 2018 12:00am
Thousands participate in al-Quds Day rally

Thousands participate in al-Quds Day rally

Various Shia organizations on Friday took to M A Jinnah Road to denounce the illegal US backed Israeli occupation on Palestine and its brutal actions against the Muslims. Thousands of protesters including women and children gathered at Numaish roundabout
Published 09 Jun, 2018 12:00am
Chinese envoy briefs Shamshad on CPEC projects

Chinese envoy briefs Shamshad on CPEC projects

Acting Ambassador of People's Republic of China, Zhao Lijan called on Minister for Finance, Revenue, Economic Affairs, Statistics and Planning and Development Dr Shamshad Akhtar.
Published 09 Jun, 2018 12:00am
Sindh's caretaker cabinet takes oath

Sindh's caretaker cabinet takes oath

The seven-member caretaker cabinet of Sindh was administered oath by the provincial Governor Mohammad Zubair Umer at a ceremony at the Governor House, here on Friday. The caretaker ministers who took oath included Khair Mohammad Junejo, Mushtaq Ahmed Shah
Published 09 Jun, 2018 12:00am
Alauddin Marri sworn in as Balochistan's interim CM

Alauddin Marri sworn in as Balochistan's interim CM

Alauddin Marri on Friday took oath as caretaker chief minister of Balochistan. Governor Balochistan Muhammad Khan Achakzai administered oath to the caretaker chief minister at a ceremony also attended by Former Chief Minister Balochistan Abdul Quddus Bize
Published 09 Jun, 2018 12:00am
Two held with huge arms

Two held with huge arms

The police arrested two after recovery of cache of arms from a vehicle in the metropolis on Friday. The police said that during routine patrolling it stopped a suspected car in Defence Khayaban-e-Tanzeem, Karachi. During search of car, arms including 11 K
Published 09 Jun, 2018 12:00am
Pak Navy celebrates World Oceans Day 2018

Pak Navy celebrates World Oceans Day 2018

On this World Oceans Day, Pakistan Navy re-affirmed its commitment for the sustainable usage of oceans while endeavoring to protect the oceans from hazards of marine pollution. Chief of the Naval Staff in his message for the day committed that PN will con
Published 09 Jun, 2018 12:00am
New water reservoirs vital for food security: FCCI

New water reservoirs vital for food security: FCCI

New major water reservoirs are imperative to ensure food security of Pakistan and in this connection necessary steps are required to immediately start the construction of new dams at appropriate sites without any further delay.
Published 09 Jun, 2018 12:00am
Packages, ExD sign deal to implement SAP

Packages, ExD sign deal to implement SAP

Excellence Delivered (ExD) has been selected as the sole SAP partner for Packages Limited and will provide end to end support in implementing SAP across multiple Packages Group business entities. The deal signed between ExD and Packages covers the impleme
Published 09 Jun, 2018 12:00am
PPSW provides medicines worth Rs 5 million to cancer patients

PPSW provides medicines worth Rs 5 million to cancer patients

The PINUM Patients Welfare Society (PPSW) has provided medicines worth Rs 5 million to the poor and deserving cancer patients during last one year. A PPWS spokesman told that PINUM hospital was established in 1996 as a diagnostic centre. However, proper o
Published 09 Jun, 2018 12:00am
Elahi hails Dr Askari's selection as interim CM

Elahi hails Dr Askari's selection as interim CM

Pakistan Muslim League (PML) senior central leader Ch Parvez Elahi has said that Prof. Hassan Askari is the most educated chief minister of the history of Punjab and he will take correct and impartial decisions. The N-League is afraid of fair, transparent
Published 09 Jun, 2018 12:00am
PSCA unveils performance report of PPIC-3 for May

PSCA unveils performance report of PPIC-3 for May

The Punjab Safe Cities Authority (PSCA) on Friday unveiled the performance report of its Punjab Police Integrated Command, Control and Communication Center (PPIC-3) for the month of May 2018.
Published 09 Jun, 2018 12:00am
HEC, Huawei Technologies review performance of HAINAs

HEC, Huawei Technologies review performance of HAINAs

Higher Education Commission (HEC) and Huawei Technologies reviewed progress of Huawei Authorised Information and Network Academies (HAINAs) established in 13 universities of Pakistan in 2017. Ayesha Ikram Director (Media) HEC said representatives of diffe
Published 09 Jun, 2018 12:00am
PepsiCo, PCSIR reiterate to ensure high quality products

PepsiCo, PCSIR reiterate to ensure high quality products

PepsiCo and the Pakistan Council of Scientific and Industrial Research (PCSIR) reiterated their commitment to ensure the highest quality for PepsiCo's snack products. Both parties signed a Memorandum of Understanding (MoU), focusing on third party monitor
Published 09 Jun, 2018 12:00am
Hassan Askari takes oath as Punjab interim CM

Hassan Askari takes oath as Punjab interim CM

Prof Dr Hassan Askari Rizvi on Friday took oath as the Punjab caretaker chief minister in a ceremony held here at the Governor House. Punjab Governor Muhammad Rafique Rajwana administered oath to Dr Askari, whose name for the provincial caretaker CM was f
Published 09 Jun, 2018 12:00am
Jumatul Wida, al-Quds Day observed

Jumatul Wida, al-Quds Day observed

Jumatul Wida, the last Friday of Ramazan and 'al-Quds Day' was observed with religious fervor across the country on Friday. A large number of the faithful thronged the mosques and imambargahs to offer Friday prayers and seek blessings of Allah Almighty.
Published 09 Jun, 2018 12:00am
MMA to finalise tickets for polls

MMA to finalise tickets for polls

MMA secretary general Liaqat Baloch has said the provincial parliamentary boards of the MMA have finalized their recommendation and the 10-member central parliamentary board would take the final decision after which tickets would be issued. Talking to the
Published 09 Jun, 2018 12:00am
PTI, PML-N field candidates for Lahore's 14 NA seats

PTI, PML-N field candidates for Lahore's 14 NA seats

The Pakistan Tehreek-e-Insaf (PTI) and Pakistan Muslim League-Nawaz (PML-N) have fielded their candidates for 14 seats of National Assembly in Lahore for the upcoming general elections. Both the parties have evolved a strategy to take lead in Lahore and f
Published 09 Jun, 2018 12:00am
LHC seeks reply in Seed Act's case by June 22

LHC seeks reply in Seed Act's case by June 22

The Lahore High Court on Friday expressed serious concerns over non-submission of reply in petition against Pakistan (Amended) Seed Act 2015 and warned that Plant Breeders Rights registry would be restrained from functioning if the comments were not filed
Published 09 Jun, 2018 12:00am
362 more wardens deployed to manage Lahore's traffic

362 more wardens deployed to manage Lahore's traffic

The City Traffic Police (CTP) Lahore has deployed additional fleet of traffic wardens to ensure smooth flow of traffic during last few days of Ramazan-ul-Mubarak as the congestion level is significantly increasing with each passing day ahead of Eidul Fitr
Published 09 Jun, 2018 12:00am
StanChart holds Iftar for HOPE Foundation's children

StanChart holds Iftar for HOPE Foundation's children

As part of Standard Chartered's sustainability efforts, the Bank organised an Iftaar for 1,200 less-privileged children of HOPE foundation. This is the fourth year where the Bank has supported HOPE Foundation in organising this Iftaar. The evening ended w
Published 09 Jun, 2018 12:00am
Shahbaz vows to continue fight against polio

Shahbaz vows to continue fight against polio

While the World Health Organisation (WHO) in a tweet has appreciated the Punjab government's efforts in combating polio, Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif has reaffirmed his party's commitment to continue efforts for improved c
Published 09 Jun, 2018 12:00am
Disaster management aims at protecting life & property: NDMA chief

Disaster management aims at protecting life & property: NDMA chief

Lieutenant General Omar Mahmood Hayat, Chairman National Disaster Management Authority (NDMA) has said that an effective disaster management mechanism is a touchstone of good governance of a country. He stated this in his closing remarks of National Monso
Published 09 Jun, 2018 12:00am
Five-day training concludes at UVAS Pet Centre

Five-day training concludes at UVAS Pet Centre

The Pet Centre of the University of Veterinary and Animal Sciences Lahore conducted concluding ceremony of five-day training on "Basic Clinical and Diagnostic Skills in Small Animal Practice" under the project titled "In-service Training Facility of Advan
Published 09 Jun, 2018 12:00am
Swat universities budget approved

Swat universities budget approved

Governor Khyber Pakhtunkhwa Engr Iqbal Zafar Jhagra presided over the third Senate meeting of Swat University at Governor's House Peshawar on Friday and approved the annual revised budget of the university for Fiscal Year 2017-18 as well the estimated bud
Published 09 Jun, 2018 12:00am
AJ&K president calls on interim PM

AJ&K president calls on interim PM

President Azad Jammu & Kashmir Sardar Masood Khan called on interim Prime Minister former justice Nasir-ul-Mulk at PM House Islamabad on Friday. The President AJK felicitated the prime minister on assuming the office of the prime minister. The overall sit
Published 09 Jun, 2018 12:00am
Leaders file nomination papers in Swabi

Leaders file nomination papers in Swabi

Prominent leaders of Awami National Party (ANP), Pakistan Muslim League-Nawaz (PML-N), Pakistan Tehreek-e-Insaf (PTI) and Mutahida Majlis-e-Amal (MMA) have filed their nomination papers in district Swabi on Friday. PML-N leaders who filed the nomination p
Published 09 Jun, 2018 12:00am
SCCI to hold 'Business Excellence Award' ceremony in Turkey

SCCI to hold 'Business Excellence Award' ceremony in Turkey

Sarhad Chamber of Commerce and Industry (SCCI) will hold the 16th Business Excellence Award' ceremony for 2016-17 in Turkey. Announcing this at a press conference at the chamber house, SCCI president Zahidullah Shinwari said that the event was aimed at ac
Published 09 Jun, 2018 12:00am
IT sector's export stands at $3.3 billion, Senate panel told

IT sector's export stands at $3.3 billion, Senate panel told

The Senate Standing Committee on Information Technology and Telecommunications was informed that exports of information technology (IT) sector stand at $3.3 billion and as many as 1,600 IT companies are registered in the country. The committee met with Se
Published 09 Jun, 2018 12:00am
POL prices may remain same in July also

POL prices may remain same in July also

The caretaker government is unlikely to increase prices of petroleum products next month (July) as well, sources in Ministry of Petroleum told BR. Prime Minister Nasirul Mulk and Finance Minister Dr Shamshad Akhter stated that they would not take a decisi
Published 09 Jun, 2018 12:00am
KP caretaker CM decides to approve interim budget after Eid

KP caretaker CM decides to approve interim budget after Eid

The caretaker Chief Minister Khyber Pakhtunkhwa, former Justice Dost Muhammad on Friday presided over a meeting on provincial budget and decided to present and approve interim budget of four months soon after Eid-ul-Fitr. The meeting agreed that under the
Published 09 Jun, 2018 12:00am
KP Forensic Science Laboratory disposes of 62,000 cases

KP Forensic Science Laboratory disposes of 62,000 cases

The Inspector General of Police (IGP) Khyber Pakhtunkhwa, Salah-ud-Din Khan Mehsood while appreciating the performance of Forensic Science Laboratory Peshawar has said that the facility has so far disposed of around 62,000 cases and sent it to the respect
Published 09 Jun, 2018 12:00am
Swabi Electronic Media Association formed

Swabi Electronic Media Association formed

The first ever Swabi Electronic Media Association (SEMA) has been established on Friday by local TV journalists and the foundering members vowed to uphold the ethics and principles of journalism in all circumstances. The participants said they badly felt
Published 09 Jun, 2018 12:00am
APTMA's CEC rejects textile package
Cotton

APTMA's CEC rejects textile package

The spokesman of All Pakistan Textile Mills Association (APTMA) said that the Central Executive Committee (CEC) of the Association met Friday and rejected unanimously the textile package being extended by the previous government, saying that it would reve
Published 09 Jun, 2018 12:00am
Pakistan slams attack on mosque in Niger

Pakistan slams attack on mosque in Niger

Pakistan strongly condemns the suicide attack on a mosque in South East of Niger, in which at least six innocent people lost their lives and many were injured. The government and people of Pakistan express their deepest sympathies and heartfelt condolence
Published 09 Jun, 2018 12:00am
Al-Quds Day rally held to slam Israeli occupation

Al-Quds Day rally held to slam Israeli occupation

The Quds Day rallies and protest demonstrations were held to condemn Israeli state terrorism against the people of Palestine, here on Friday where speakers declared the al-Quds a source of unity among Muslims and an issue between anti-Muslim forces and Mu
Published 09 Jun, 2018 12:00am
CJP takes notice of SHC judge seeking protocol in GB

CJP takes notice of SHC judge seeking protocol in GB

Chief Justice of Pakistan Mian Saqib Nisar on Friday took notice of a letter of registrar Sindh High Court to the Chief Court Gilgit-Baltistan (GB) to provide protocol and security to a judge of SHC and his family who are on a visit to Gilgit-Baltistan. T
Published 09 Jun, 2018 12:00am
Second outlook for summer monsoon announced

Second outlook for summer monsoon announced

The Meteorological department has issued following second outlook for Summer Monsoon (July-Sep) 2018; "Keeping in view the global, regional and local meteorological indicators, the seasonal outlook for Pakistan summer monsoon 2018 has been prepared. It is
Published 09 Jun, 2018 12:00am
Discounts, offers: Faysal Bank joins hands with Metro Cash & Carry

Discounts, offers: Faysal Bank joins hands with Metro Cash & Carry

Faysal Bank Limited, one of the leading banks of Pakistan, has joined hands with Metro Cash & Carry to introduce various discounts and offers for Faysal Bank's customers. With this collaboration, credit card customers of Faysal Bank can avail cash back an
Published 09 Jun, 2018 12:00am
Marriyum pays farewell visits to MoI's departments

Marriyum pays farewell visits to MoI's departments

Federal Minister for Information and Broadcasting Marriyum Aurangzeb on Thursday paid farewell visits to the subordinate departments of Ministry of Information and Broadcasting and met officers and staff. The minister appreciated the performance of office
Published 09 Jun, 2018 12:00am
ABL organises seminar on Islamic banking in Quetta

ABL organises seminar on Islamic banking in Quetta

Allied Bank Limited (Islamic Banking Group) organized a seminar recently on Islamic Banking in Quetta which was attended by the notables from all walks of life that include delegates from Quetta Chamber of Commerce, government officials and members of the
Published 09 Jun, 2018 12:00am
SZABIST hosts HR networking meet up

SZABIST hosts HR networking meet up

HR Networking Meet up was hosted by the SZABIST Executive Development Centre on 7th June 2018. The HR representatives from reputable organizations were invited to the meet up to share and discuss the necessary skills, experience and talents required for s
Published 09 Jun, 2018 12:00am
Sugar Act: CCP hopes governments will review legislative framework
Cotton

Sugar Act: CCP hopes governments will review legislative framework

The Competition Commission of Pakistan (CCP) is optimistic that the federal/provincial governments would review their legislative framework, including Sugar Act, to design appropriate government interventions, improve sugarcane quality, enhance and divers
Published 09 Jun, 2018 12:00am
Ecnec's approval awaited for Railways projects

Ecnec's approval awaited for Railways projects

The execution and implementation of Pakistan Railways (PR) projects with an estimated cost of $8.2 billion under the China-Pakistan Economic Corridor (CPEC) framework will have to wait till the next government comes into power, as it requires final go-ahe
Published 09 Jun, 2018 12:00am
Extension & pest warning teams to start pest scouting
Cotton

Extension & pest warning teams to start pest scouting

The Agriculture Department Punjab has directed its staff of the agriculture extension & pest warning wings to initiate pest scouting of the cotton fields and report about cotton hot spots, if found, to their seniors so as to devise a strategy for controll
Published 09 Jun, 2018 12:00am
Met Office's drought alert for stakeholders

Met Office's drought alert for stakeholders

Pakistan Meteorological Department Islamabad, Pakistan has issued a drought alert to all stakeholders for an immediate water management strategy to avoid negative impacts of deficit rainfall on water and agriculture sector. According to details, as predic
Published 09 Jun, 2018 12:00am
Senate body calls for independent statistics division

Senate body calls for independent statistics division

Members of the Senate Standing Committee on Statistics on Friday emphasized the need for a powerful and independent Statistics Division to collect reliable data for economic policymaking and future planning.
Published 09 Jun, 2018 12:00am
HBL granted membership bank status under SCO IBA framework

HBL granted membership bank status under SCO IBA framework

Habib Bank Limited (HBL) is proud to be officially granted the status of membership bank, during the 14th council meeting of Shanghai Cooperation Organization Interbank Association ("SCO IBA"), was held between 4th to 7th June, 2018 in Beijing, China.
Published 09 Jun, 2018 12:00am
IMF: lender of last resort-I
Currency

IMF: lender of last resort-I

From 1947 to 2018, the IMF and its allied institutions have acted, very frequently as 'Lenders of Last Resort' for Pakistan to balance trade imbalances. This is a fact that cannot be denied. As a state, we have not undertaken concrete steps in the last se
Published 09 Jun, 2018 12:00am
US MIDDAY: gold edges up

US MIDDAY: gold edges up

Gold firmed on Friday as a rise in risk aversion ahead of G7 talks this weekend lent support, but the yellow metal remained hemmed within its narrowest weekly range in over a decade as a recovery by the dollar capped gains.
Published 09 Jun, 2018 12:00am
US MIDDAY: soyabeans slump

US MIDDAY: soyabeans slump

US soyabean futures slid for a fifth straight session on Friday and were on pace for the steepest weekly decline in 10 months as favourable US crop weather and concerns over slowing export trade weighed on prices. Corn futures edged up on short-covering a
Published 09 Jun, 2018 12:00am
Gold soars in Europe

Gold soars in Europe

Gold firmed on Friday as a rise in risk aversion ahead of G7 talks this weekend lent support, but the metal remained hemmed within its narrowest weekly range in more than a decade as a recovery in the dollar kept a lid on gains.
Published 09 Jun, 2018 12:00am
Gold eases in Asia

Gold eases in Asia

Gold prices eased on Friday as the dollar inched up, while investors remained cautious ahead of a G7 meeting later in the day and other key events next week such as a United States Federal Reserve policy meeting and a US-North Korea summit.
Published 09 Jun, 2018 12:00am
Gold gains in New York

Gold gains in New York

US dollar weakness helped boost gold prices on Thursday, but gains were limited as the market awaited clues from next week's meeting of the Federal Reserve on the pace of US interest rate rises.
Published 09 Jun, 2018 12:00am
Raw sugar surges over 4 percent; coffee, cocoa up
Currency

Raw sugar surges over 4 percent; coffee, cocoa up

Raw sugar futures on ICE rebounded more than 4 percent on Friday, their biggest one-day rally of the year as top grower Brazil's real currency firmed sharply from its lowest level in more than two years. July raw sugar settled up 0.52 cent, or 4.4 percent
Published 09 Jun, 2018 12:00am
Palm oil falls for 5th straight session
Vegetable Oil

Palm oil falls for 5th straight session

Malaysian palm oil futures hovered near a one-month low and extended losses into a fifth straight session on Friday, tracking weaker soyabean prices in Chicago, while slowing demand growth and higher inventories also weighed. The palm oil contract for Aug
Published 09 Jun, 2018 12:00am
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