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Archive - 2018-06-10
China hosts Russia, Iran for summit

China hosts Russia, Iran for summit

Chinese President Xi Jinping will open late Saturday a two-day regional security summit attended by Russia, Iran and other allies confronting rising tensions with the US over trade and Washington's withdrawal from the Iranian nuclear deal. Armoured vans l
Published 10 Jun, 2018 12:00am
China hosts Russia, Iran for summit

China hosts Russia, Iran for summit

Chinese President Xi Jinping will open late Saturday a two-day regional security summit attended by Russia, Iran and other allies confronting rising tensions with the US over trade and Washington's withdrawal from the Iranian nuclear deal. Armoured vans l
Published 10 Jun, 2018 12:00am
China hosts Russia, Iran for summit

China hosts Russia, Iran for summit

Chinese President Xi Jinping will open late Saturday a two-day regional security summit attended by Russia, Iran and other allies confronting rising tensions with the US over trade and Washington''s withdrawal from the Iranian nuclear deal. Armoured vans
Published 10 Jun, 2018 12:00am
G7 summit fails to heal trade rift as Trump exits early

G7 summit fails to heal trade rift as Trump exits early

The leaders of the G7 on Saturday failed to heal a tariff dispute that has pushed them to the brink of trade war, as Donald Trump quit their summit early warning Canada, Japan and Europe that "the gig is up." Trump had come to Quebec insisting on his long
Published 10 Jun, 2018 12:00am
G7 summit fails to heal trade rift as Trump exits early

G7 summit fails to heal trade rift as Trump exits early

The leaders of the G7 on Saturday failed to heal a tariff dispute that has pushed them to the brink of trade war, as Donald Trump quit their summit early warning Canada, Japan and Europe that "the gig is up." Trump had come to Quebec insisting on his long
Published 10 Jun, 2018 12:00am
G7 summit fails to heal trade rift as Trump exits early

G7 summit fails to heal trade rift as Trump exits early

The leaders of the G7 on Saturday failed to heal a tariff dispute that has pushed them to the brink of trade war, as Donald Trump quit their summit early warning Canada, Japan and Europe that "the gig is up." Trump had come to Quebec insisting on his long
Published 10 Jun, 2018 12:00am
G7 agree on commitment to rules-based trade

G7 agree on commitment to rules-based trade

German Chancellor Angela Merkel said that Saturday G7 leaders had agreed on the wording of a common statement at their ongoing summit which would include a commitment to a "rules-based" trade framework. "By any reckoning we will have a final communique,"
Published 10 Jun, 2018 12:00am
G7 agree on commitment to rules-based trade

G7 agree on commitment to rules-based trade

German Chancellor Angela Merkel said that Saturday G7 leaders had agreed on the wording of a common statement at their ongoing summit which would include a commitment to a "rules-based" trade framework. "By any reckoning we will have a final communique,"
Published 10 Jun, 2018 12:00am
G7 agree on commitment to rules-based trade

G7 agree on commitment to rules-based trade

German Chancellor Angela Merkel said that Saturday G7 leaders had agreed on the wording of a common statement at their ongoing summit which would include a commitment to a "rules-based" trade framework. "By any reckoning we will have a final communique,"
Published 10 Jun, 2018 12:00am
Trump insists G7 trade talks 'extremely productive'

Trump insists G7 trade talks 'extremely productive'

President Donald Trump said Saturday his talks with fellow G7 leaders on trade had been "extremely productive" and that he would prefer a tariff-free world if other countries would only treat the United States fairly.
Published 10 Jun, 2018 12:00am
Trump insists G7 trade talks 'extremely productive'

Trump insists G7 trade talks 'extremely productive'

President Donald Trump said Saturday his talks with fellow G7 leaders on trade had been "extremely productive" and that he would prefer a tariff-free world if other countries would only treat the United States fairly.
Published 10 Jun, 2018 12:00am
Trump insists G7 trade talks ''extremely productive''

Trump insists G7 trade talks ''extremely productive''

President Donald Trump said Saturday his talks with fellow G7 leaders on trade had been "extremely productive" and that he would prefer a tariff-free world if other countries would only treat the United States fairly.
Published 10 Jun, 2018 12:00am
Saudi to host meeting on supporting Jordan's economy

Saudi to host meeting on supporting Jordan's economy

Saudi Arabia, the United Arab Emirates, Kuwait and Jordan will meet Sunday to discuss ways to support Amman as it looks to tackle an economic crisis in the wake of protests. Riyadh said in statement Saturday that King Salman called the rulers of the three
Published 10 Jun, 2018 12:00am
Saudi to host meeting on supporting Jordan's economy

Saudi to host meeting on supporting Jordan's economy

Saudi Arabia, the United Arab Emirates, Kuwait and Jordan will meet Sunday to discuss ways to support Amman as it looks to tackle an economic crisis in the wake of protests. Riyadh said in statement Saturday that King Salman called the rulers of the three
Published 10 Jun, 2018 12:00am
Saudi to host meeting on supporting Jordan''s economy

Saudi to host meeting on supporting Jordan''s economy

Saudi Arabia, the United Arab Emirates, Kuwait and Jordan will meet Sunday to discuss ways to support Amman as it looks to tackle an economic crisis in the wake of protests. Riyadh said in statement Saturday that King Salman called the rulers of the three
Published 10 Jun, 2018 12:00am
Resolution of water scarcity: SC takes experts and jurists on board

Resolution of water scarcity: SC takes experts and jurists on board

The Supreme Court Saturday sought the opinions of water experts and jurists to the issue of water scarcity in the country and declared that it is interested to tackle the issue of depleting resources rather than arguing in favour of construction of Kalaba
Published 10 Jun, 2018 12:00am
Resolution of water scarcity: SC takes experts and jurists on board

Resolution of water scarcity: SC takes experts and jurists on board

The Supreme Court Saturday sought the opinions of water experts and jurists to the issue of water scarcity in the country and declared that it is interested to tackle the issue of depleting resources rather than arguing in favour of construction of Kalaba
Published 10 Jun, 2018 12:00am
Provincial development budgets: Rs 182 billion saving projected

Provincial development budgets: Rs 182 billion saving projected

The federal government has projected a saving of Rs 182 billion in the allocation of provincial development budgets for the current fiscal year and estimated 5.5 percent budget fiscal deficit on the premise of saving. Sources said as per revised budget es
Published 10 Jun, 2018 12:00am
Provincial development budgets: Rs 182 billion saving projected

Provincial development budgets: Rs 182 billion saving projected

The federal government has projected a saving of Rs 182 billion in the allocation of provincial development budgets for the current fiscal year and estimated 5.5 percent budget fiscal deficit on the premise of saving. Sources said as per revised budget es
Published 10 Jun, 2018 12:00am
Provincial development budgets: Rs 182 billion saving projected

Provincial development budgets: Rs 182 billion saving projected

The federal government has projected a saving of Rs 182 billion in the allocation of provincial development budgets for the current fiscal year and estimated 5.5 percent budget fiscal deficit on the premise of saving. Sources said as per revised budget es
Published 10 Jun, 2018 12:00am
Rs 749 billion released under PSDP so far

Rs 749 billion released under PSDP so far

The government has released Rs 749 billion (99.87 percent) including Rs 182 billion foreign aid for different development projects so far under the Public Sector Development Program (PSDP) 2017-18 against the total revised budgeted allocation of Rs 750 bi
Published 10 Jun, 2018 12:00am
Rs 749 billion released under PSDP so far

Rs 749 billion released under PSDP so far

The government has released Rs 749 billion (99.87 percent) including Rs 182 billion foreign aid for different development projects so far under the Public Sector Development Program (PSDP) 2017-18 against the total revised budgeted allocation of Rs 750 bi
Published 10 Jun, 2018 12:00am
Rs 749 billion released under PSDP so far

Rs 749 billion released under PSDP so far

The government has released Rs 749 billion (99.87 percent) including Rs 182 billion foreign aid for different development projects so far under the Public Sector Development Program (PSDP) 2017-18 against the total revised budgeted allocation of Rs 750 bi
Published 10 Jun, 2018 12:00am
Party tickets: differences persist in PML-N ranks

Party tickets: differences persist in PML-N ranks

Differences persist in the ranks of the Pakistan Muslim League-Nawaz (PML-N) over award of party tickets, it has been learnt. The PML-N parliamentary board, which met at the party's main office at Model Town on Saturday conducted interviews of the candida
Published 10 Jun, 2018 12:00am
Party tickets: differences persist in PML-N ranks

Party tickets: differences persist in PML-N ranks

Differences persist in the ranks of the Pakistan Muslim League-Nawaz (PML-N) over award of party tickets, it has been learnt. The PML-N parliamentary board, which met at the party's main office at Model Town on Saturday conducted interviews of the candida
Published 10 Jun, 2018 12:00am
Asghar Khan Case: Nawaz, Siraj deny receiving money from ISI

Asghar Khan Case: Nawaz, Siraj deny receiving money from ISI

Former prime minister Nawaz Sharif and Jamaat-e-Islami Ameer Siraj-ul-Haq Saturday denied receiving money from Inter Services Intelligence in 1990 and termed the allegations as baseless. A three-judge bench headed by Chief Justice Mian Saqib Nisar on June
Published 10 Jun, 2018 12:00am
Asghar Khan Case: Nawaz, Siraj deny receiving money from ISI

Asghar Khan Case: Nawaz, Siraj deny receiving money from ISI

Former prime minister Nawaz Sharif and Jamaat-e-Islami Ameer Siraj-ul-Haq Saturday denied receiving money from Inter Services Intelligence in 1990 and termed the allegations as baseless. A three-judge bench headed by Chief Justice Mian Saqib Nisar on June
Published 10 Jun, 2018 12:00am
Pakistan supports recent peace initiatives in Afghanistan

Pakistan supports recent peace initiatives in Afghanistan

"Pakistan wishes to reiterate its support of recent peace initiatives in Afghanistan", Foreign Office said. Expressing support to the recent ceasefire announced by Afghan President Ashraf Ghani on the eve of Eid-ul-Fitar, Foreign Office spokesperson Dr Mo
Published 10 Jun, 2018 12:00am
'Bukhari's abduction'; Army supports investigation: ISPR

'Bukhari's abduction'; Army supports investigation: ISPR

The army supports investigation into the alleged abduction of TV host and columnist Gul Bukhari in Lahore, the military has said. Unidentified men abducted Gul Bukhari from cantonment area in Lahore on June 5 when she was on her way to appear in a TV show
Published 10 Jun, 2018 12:00am
One killed in clash between PTI, PML-N workers

One killed in clash between PTI, PML-N workers

An activist of the Pakistan Muslim League-Nawaz (PML-N) was killed in a clash between Pakistan Muslim League-Nawaz (PML-N) and Pakistan Tehreek-e-Insaf (PTI) workers on Saturday. As per the details, the deceased, identified as Wasim, belonged to PML-N.
Published 10 Jun, 2018 12:00am
Saifullah's family not to contest 2018 polls

Saifullah's family not to contest 2018 polls

The influential political Saifullah family has decided not to contest 2018 general elections due to affidavit to be submitted with nomination papers. According to reports, the lawyers of the Saifullah family had advised against contesting general election
Published 10 Jun, 2018 12:00am
Qaim Ali Shah boycotts party meeting

Qaim Ali Shah boycotts party meeting

Former Sindh chief minister Syed Qaim Ali Shah boycotted a meeting of the Pakistan Peoples Party that was held to sort out differences between Shah and Wassan family on the candidature for National Assembly's constituency NA-208 from Khairpur. Aaj News re
Published 10 Jun, 2018 12:00am
PTI gives tickets to Firdous, Yousafzai & Afridi

PTI gives tickets to Firdous, Yousafzai & Afridi

The Parliamentary Board of Pakistan Tehreek-e-Insaf (PTI) on Saturday issued more tickets to candidates for the forthcoming general elections. According to the party's Parliamentary Board, former PPP leader Firdous Ashiq Awan was given ticket for NA-72 Si
Published 10 Jun, 2018 12:00am
Nisar to contest elections from NA-63, NA-59

Nisar to contest elections from NA-63, NA-59

Former Interior Minister Chaudhry Nisar on Saturday decided to contest upcoming general elections from two constituencies of National Assembly (NA). According to details, former minister will submit nomination papers from NA-63 Taxila and NA-59 Rawalpindi
Published 10 Jun, 2018 12:00am
Nisar to contest elections from NA-63, NA-59

Nisar to contest elections from NA-63, NA-59

Former Interior Minister Chaudhry Nisar on Saturday decided to contest upcoming general elections from two constituencies of National Assembly (NA). According to details, former minister will submit nomination papers from NA-63 Taxila and NA-59 Rawalpindi
Published 10 Jun, 2018 12:00am
Pakistan for adding more non-permanent seats to UNSC

Pakistan for adding more non-permanent seats to UNSC

Emphasizing that discussions on restructuring the United Nations Security Council are a serious matter that cannot be undermined by setting arbitrary deadlines or forcing the pace without first finding common ground, Pakistan has told a UN panel that the
Published 10 Jun, 2018 12:00am
Pakistan for adding more non-permanent seats to UNSC

Pakistan for adding more non-permanent seats to UNSC

Emphasizing that discussions on restructuring the United Nations Security Council are a serious matter that cannot be undermined by setting arbitrary deadlines or forcing the pace without first finding common ground, Pakistan has told a UN panel that the
Published 10 Jun, 2018 12:00am
NHA mulling undertaking six motorway projects through PPP

NHA mulling undertaking six motorway projects through PPP

The National Highways Authority (NHA) has planned to undertake six motorways projects with estimated cost of $1.83 billion through public-private partnership (PPP), official sources revealed to Business Recorder here on Saturday. The total length o
Published 10 Jun, 2018 12:00am
NHA mulling undertaking six motorway projects through PPP

NHA mulling undertaking six motorway projects through PPP

The National Highways Authority (NHA) has planned to undertake six motorways projects with estimated cost of $1.83 billion through public-private partnership (PPP), official sources revealed to Business Recorder here on Saturday. The total length o
Published 10 Jun, 2018 12:00am
NHA mulling undertaking six motorway projects through PPP

NHA mulling undertaking six motorway projects through PPP

The National Highways Authority (NHA) has planned to undertake six motorways projects with estimated cost of $1.83 billion through public-private partnership (PPP), official sources revealed to Business Recorder here on Saturday. The total length o
Published 10 Jun, 2018 12:00am
The ominous water challenge

The ominous water challenge

The most profound challenge that the country faces at this point in time can be described in a five-letter word: WATER. Unfortunately, however, our successive governments have been found to be oblivious of the fact that there are ominous dark clouds gathe
Published 10 Jun, 2018 12:00am
KUTS up against election duties

KUTS up against election duties

Its members upset over being called for election duty the Karachi University Teachers Society (KUTS), has been in a protest mode. Last Thursday, the Society held a general body meeting where it was decided its members would resist any attempt to make them
Published 10 Jun, 2018 12:00am
Self-serving laws - II

Self-serving laws - II

On announcement of judgement on June 1, 2018, however, the ECP took diametrically opposite stand and decided to challenge the judgement in the Supreme Court. The federal government as well as the Speaker National Assembly also decided to contest the order
Published 10 Jun, 2018 12:00am
Trump widens the cracks in world order's foundations

Trump widens the cracks in world order's foundations

For decades, multilateral institutions such as the United Nations, World Trade Organization and Group of Seven were widely accepted by Western governments as the best way to shore up world order.
Published 10 Jun, 2018 12:00am
Scottish titles industry prompts global rush

Scottish titles industry prompts global rush

Fancy joining the ranks of Scottish nobility? An industry has grown up in Scotland allowing ordinary people to do just that - some with more legal justification than others.
Published 10 Jun, 2018 12:00am
Don't drag army into politics

Don't drag army into politics

"You know the environment prevalent in Pakistan right now: this is an election year. The year 2018 is a year of change. Political parties are fighting for power, and this fight has to be at each others' expense. You should not drag security forces into th
Published 10 Jun, 2018 12:00am
Setting up of board to be mandatory for futures brokers

Setting up of board to be mandatory for futures brokers

The Securities and Exchange Commission of Pakistan (SECP) will make it mandatory for all futures brokers to establish an effective board of directors (board), responsible for ensuring long-term success and for monitoring and evaluating the management's pe
Published 10 Jun, 2018 12:00am
Row over tickets: PTI workers stage demo at Imran's Banigala home

Row over tickets: PTI workers stage demo at Imran's Banigala home

Pakistan Tehreek-e-Insaf (PTI) workers protested outside party chairman Imran Khan's Bani Gala residence on Saturday over differences regarding issuing of tickets for the upcoming general election. The workers alleged that the party "did not issue tickets
Published 10 Jun, 2018 12:00am
PTI fields female candidate from Dir against norms

PTI fields female candidate from Dir against norms

Pakistan Tehreek-e-Insaf (PTI) on Saturday pitched a female candidate for the first time to contest elections from Dir - a socially conservative district in Khyber Pakhtunkhwa province where women were not even allowed to cast their votes in 2015 local go
Published 10 Jun, 2018 12:00am
SC allows Sumaira Malik to contest election

SC allows Sumaira Malik to contest election

Supreme Court of Pakistan on Saturday granted Sumaira Malik permission to contest election to National Assembly from Khushab's NA-93 constituency. Malik will contest elections on Pakistan Muslim League Nawaz's ticket. She was disqualified over fake degree
Published 10 Jun, 2018 12:00am
11 crime cases reported in Islamabad

11 crime cases reported in Islamabad

The incidents of robbery, vehicle lifting and purse snatching registered an upward trend as over 11 cases of various kinds of thefts were reported to various police stations of the city during the last week. According to data gathered by Business Recor
Published 10 Jun, 2018 12:00am
Anti-judiciary statement: Plea filed against Ahsan

Anti-judiciary statement: Plea filed against Ahsan

An application has been filed before the Lahore High Court against former interior minister Ahsan Iqbal in the main petition questioning his "anti-judiciary statement" in response to remarks of the Chief Justice of Pakistan. The applicant Amna Malik throu
Published 10 Jun, 2018 12:00am
Politically appointed diplomats asked to continue during interim set-up

Politically appointed diplomats asked to continue during interim set-up

Non-career diplomats appointed for political reasons by former government of Pakistan Muslim League-Nawaz (PML-N) in 15 important world capitals have not tendered their resignations, sources told this correspondent. Diplomatic sources said the terms of po
Published 10 Jun, 2018 12:00am
Contest among six top leaders to turn KP into hot battlefield

Contest among six top leaders to turn KP into hot battlefield

The contesting of election by six top political leaders is going to make Khyber Pakhtunkhwa a real political battle-field in the upcoming general elections. Before the upcoming general elections Khyber Pakhtunkhwa had 35 National Assembly constituencies.
Published 10 Jun, 2018 12:00am
Eid shopping at its peak despite soaring prices

Eid shopping at its peak despite soaring prices

Eid shopping has reached its zenith in this provincial capital city where markets are seen packed with the shoppers who are preparing to celebrate Eidul Fitr in a befitting manner. As drizzle has turned the weather pleasant encouraging people including fe
Published 10 Jun, 2018 12:00am
Rao Anwar allowed B-class facilities in prison

Rao Anwar allowed B-class facilities in prison

The anti-terrorism court (ATC) has approved suspended SSP Rao Anwar's plea seeking B-class facilities in prison. Anwar and his subordinates are under trial over the extrajudicial killing of a 27-year-old shopkeeper and aspiring model, Naqeebullah Mehsud,
Published 10 Jun, 2018 12:00am
My Emirates Pass: more reasons to explore UAE

My Emirates Pass: more reasons to explore UAE

Emirates is giving customers even more reasons to explore Dubai and the United Arab Emirates with the return of its signature pass this summer. 'My Emirates Pass' turns the Emirates boarding pass into an exclusive membership card, giving travellers exclus
Published 10 Jun, 2018 12:00am
Pakistan Navy rescues Iranian fishermen

Pakistan Navy rescues Iranian fishermen

Pakistan Navy Sea King helicopters successfully rescued crew members of Sunken Iranian Dhow in North Arabian Sea (NAS). Upon receipt of information about distressed Dhow (AL RAMANI) bearing flag of Iran, 11 crew members (Fishermen) onboard, Pakistan Navy
Published 10 Jun, 2018 12:00am
SC imposes ban on using walls for advertisements

SC imposes ban on using walls for advertisements

The Supreme Court Saturday ordered demolition of the walls with advertisements in the metropolis and imposed a ban on using walls for this purpose in the city. A larger bench of SC headed by Chief Justice of Pakistan, Mian Saqib Nisar, issued the orders w
Published 10 Jun, 2018 12:00am
Term of SWC extended till January 2019

Term of SWC extended till January 2019

Sindh Water Commission was granted an extension up to January 2019 to oversee the issues related to provision of clean drinking water, treatment of waste and clean environment by Supreme Court (SC), here on Saturday.
Published 10 Jun, 2018 12:00am
CJP orders payment of salaries to Sindh's female teachers

CJP orders payment of salaries to Sindh's female teachers

Chief Justice of Pakistan (CJP) on Saturday ordered reimbursement of salaries to the female teachers of Sindh Education Department. Taking suo motu notice over the female teachers' salary issue, apex court had called female teachers chanting slogans outsi
Published 10 Jun, 2018 12:00am
Dr Asim allowed to travel abroad for medical treatment

Dr Asim allowed to travel abroad for medical treatment

Accountability Court in Karachi on Saturday granted permission to Dr Asim for travelling abroad on the basis of medical treatment. During the hearing of a case pertaining to corruption of Rs 463 billion, the judge has issued permit to the accused to trave
Published 10 Jun, 2018 12:00am
TCS helps NED racers move race car prototype to Canada

TCS helps NED racers move race car prototype to Canada

Pakistan's largest courier, logistics and services provider, TCS provided logistical assistance to NED Racers, a cohort of dynamic engineering students from NED University of Engineering & Technology. The group exhibited their exclusively-designed racing
Published 10 Jun, 2018 12:00am
Hundreds of liters oil spilled as tanker overturns

Hundreds of liters oil spilled as tanker overturns

Hundreds of liters oil was spilled and two people injured when an over speeding oil tanker over turned here on Saturday. Police said that the accident took place at Jhang Road near Chowk Sarwar Shaheed in Muzaffargarh where a reckless driven oil tanker wi
Published 10 Jun, 2018 12:00am
Musharraf, Sattar, Alvi, Kamal vie for NA-247 seat

Musharraf, Sattar, Alvi, Kamal vie for NA-247 seat

Former president General Pervez Musharraf (retd) on Saturday has got nomination papers through his counsel to contest the election to National Assembly from Karachi constituency NA-247.
Published 10 Jun, 2018 12:00am
Farmers advised to complete rice cultivation

Farmers advised to complete rice cultivation

The Met Office has asked the farmers to complete rice cultivation however the peanut growers should halt the crop sowing until soil moisture. It also asked the farmers to devise plan for standing crops especially the vegetables amid harsh weather. Rainy s
Published 10 Jun, 2018 12:00am
E-Commerce Gateway, P@SHA sign MoU

E-Commerce Gateway, P@SHA sign MoU

E-Commerce Gateway and Pakistan Software Houses Association (P@SHA) have signed Memorandum of Understanding (MoU) to boost Pakistan's domestic Information Computer Technology (ICT) at least by 5 times and increase exports as well.
Published 10 Jun, 2018 12:00am
LCCI for resolving business disputes through dialogue

LCCI for resolving business disputes through dialogue

President of the Lahore Chamber of Commerce & Industry Malik Tahir Javaid has said that mediation; arbitration and conciliation should be opted to resolve disputes as these tools are most effective forms of alternate dispute resolution.
Published 10 Jun, 2018 12:00am
Shoppers throng commercial centres ahead of Eid

Shoppers throng commercial centres ahead of Eid

In glittering markets of the provincial capital, the Eid shopping has shifted its top gear as a considerable crowd including youngsters, women and children has been observed visiting all major commercial markets soon after the Iftar to buy essential items
Published 10 Jun, 2018 12:00am
Merit should be criteria of our policy: PU VC

Merit should be criteria of our policy: PU VC

Punjab University Vice Chancellor Prof Dr Niaz Ahmed has said that the administration would ensure rule of law in all affairs and our principles of governance would be merit, transparency and accountability.
Published 10 Jun, 2018 12:00am
Rain breaks heat spell in Lahore

Rain breaks heat spell in Lahore

Rain has broken the heat spell in the city and the citizens took a sigh of relief. The Lahore Electric Supply Company (LESCO) staff also expressed gratitude for easing down pressure on them with reduction in mercury. A strong wind kept blowing throughout
Published 10 Jun, 2018 12:00am
PML-N striving for prosperous and peaceful Pakistan

PML-N striving for prosperous and peaceful Pakistan

Pakistan Muslim League-Nawaz (PML-N) leader Hamza Shahbaz in his meetings with the party leaders said the PML-N believes in service to the masses and contesting the upcoming elections on the basis of its immaculate performance.
Published 10 Jun, 2018 12:00am
Voters hold key to change, says JI chief

Voters hold key to change, says JI chief

Chief of Jamaat-e-Islami Senator Sirajul Haq lamented that political parties once again issued tickets to oppressive feudal lords and corrupt capitalists which proved they did not want a change. Talking to different delegations at Mansoora he said the peo
Published 10 Jun, 2018 12:00am
Askari vows to ensure transparency in elections

Askari vows to ensure transparency in elections

Caretaker Punjab Chief Minister Dr Hasan Askari Rizvi has said that they will discharge their duty to hold peaceful and transparent elections at any cost. He expressed these views while presiding over a meeting to review the law and order situation in Pun
Published 10 Jun, 2018 12:00am
WCLA demolishes six illegal plazas

WCLA demolishes six illegal plazas

The Walled City of Lahore Authority (WCLA) has partially demolished six illegal plazas here on Saturday. This was the beginning of an aggressive operation against the illegal constructions inside the walled city of Lahore and the operation for demolition
Published 10 Jun, 2018 12:00am
PRC hosts Iftar dinner

PRC hosts Iftar dinner

Pakistan Red Crescent (PRC) in collaboration with Telenor Pakistan hosted iftar dinner for more than 500 people at Ghalib Market Cricket Ground Lahore. Chairman Pakistan Red Crescent Dr Saeed Elahi said on the occasion that the PRC has started distributio
Published 10 Jun, 2018 12:00am
Mamnoon and Tajik president discuss bilateral ties

Mamnoon and Tajik president discuss bilateral ties

President Mamnoon Hussain, who is on a visit to Qingdao, China, to attend the 18th meeting of the Council of Heads of State of SCO Member States Saturday met Emomali Rahmon, President of Tajikistan on the sidelines of the Qingdao Summit.
Published 10 Jun, 2018 12:00am
Mamnoon and Tajik president discuss bilateral ties

Mamnoon and Tajik president discuss bilateral ties

President Mamnoon Hussain, who is on a visit to Qingdao, China, to attend the 18th meeting of the Council of Heads of State of SCO Member States Saturday met Emomali Rahmon, President of Tajikistan on the sidelines of the Qingdao Summit.
Published 10 Jun, 2018 12:00am
6,000 kg unhygienic meat seized in Mardan

6,000 kg unhygienic meat seized in Mardan

Khyber Pakhtunkhwa Food Safety and Halal Food Authority in collaboration with district administration conducted a raid and seized 6000 kilograms of unhygienic meat in Mardan. According to spokesperson Attaullah Khan, a Godown situated on Mall Road Mardan
Published 10 Jun, 2018 12:00am
Lightening kills youth in Rajanpur

Lightening kills youth in Rajanpur

Lightening killed a youth in the mountainous area of Rajanpur here on Saturday. According to details, the lightning struck a man in mountainous area of Koh-e-Selman in Rajanpur. Body of the man died in the incident was shifted to hospital where it was han
Published 10 Jun, 2018 12:00am
Pakistan can rely on Iran to meet its energy needs: Rouhani

Pakistan can rely on Iran to meet its energy needs: Rouhani

Iran's president has assured Pakistan that it can rely on the Islamic Republic to fulfill its energy needs. In a Saturday meeting with his Pakistani counterpart on the sidelines of the Shanghai Cooperation Organization summit in China, Iranian President H
Published 10 Jun, 2018 12:00am
Pakistan to act as bridge between China and Europe: experts

Pakistan to act as bridge between China and Europe: experts

Pakistan is likely to become a pragmatic bridgehead for China's cooperation with Europe, through the Belt and Road's initiative's connective plan, says a media report published here on Saturday. Pakistan's broad potential has attracted great attention. It
Published 10 Jun, 2018 12:00am
Huge quantity of betel nuts seized

Huge quantity of betel nuts seized

Model Customs Collectorate (MCC), Preventive on Saturday claimed to have confiscated huge quantity of betel nuts from SITE area. According to details, the action was taken on a tip-off, which revealed that some unscrupulous elements were involved in trans
Published 10 Jun, 2018 12:00am
Data seizure from NY Times reporter sets dangerous precedent: CPJ

Data seizure from NY Times reporter sets dangerous precedent: CPJ

The Committee to Protect Journalists (CPJ) on Saturday expressed concern about the seizure of phone and email records from New York Times reporter Ali Watkins by the United States Justice Department in the first known incident that federal prosecutors hav
Published 10 Jun, 2018 12:00am
SNGPL utility bills: AC convicts two cashiers for embezzlement

SNGPL utility bills: AC convicts two cashiers for embezzlement

The Accountability Court (AC) Peshawar in reference filed by NAB Khyber Pakhtunkhwa convicted accused Muhammad Irfan, Chief Cashier Al-Baraka Bank and Qazi Wajid, Cashier Al-Baraka Bankof Peshawar for a term of three years Rigorous Imprisonment (RI) each
Published 10 Jun, 2018 12:00am
USAID's plan for power sector entities in the offing

USAID's plan for power sector entities in the offing

The United States Agency for International Development (USAID) is said to be preparing another 'attractive' plan for the officials of power sector entities under a study aimed at enumerating the benefits of integrating larger amounts of intermittent, vari
Published 10 Jun, 2018 12:00am
Pak Golf Estates launched at Shenzhen Expo

Pak Golf Estates launched at Shenzhen Expo

China, Pak Golf Estates, the first luxury and gated golf community of Gwadar, has been launched by leading developers CPIC at the World Real Estate Expo held in Shenzhen, China. Chinese and world investors thronged the pavilion of China, Pak Golf Estates
Published 10 Jun, 2018 12:00am
Prices of essential kitchen items decline

Prices of essential kitchen items decline

Prices of essential kitchen items have witnessed a declining trend during this week past against the preceding week, a survey conducted by Business Recorder revealed here on Saturday.
Published 10 Jun, 2018 12:00am
US farmers, agribusiness feel lingering strain from cold, wet spring

US farmers, agribusiness feel lingering strain from cold, wet spring

US agribusinesses are facing lingering inventory snafus and economic pain over farm chemicals and fertilizer, as a cold, wet spring that slowed crop plantings continues to cause ripple effects across the agricultural sector. Farmers fell behind on plantin
Published 10 Jun, 2018 12:00am
Nordzucker sees opportunities in sugar price plunge

Nordzucker sees opportunities in sugar price plunge

A plunge in sugar prices will hit earnings at Nordzucker this fiscal year, the German sugar refiner said on Thursday, adding its strong finances would help it to cope - and even expand - in a European industry crisis that might cripple others. The Europea
Published 10 Jun, 2018 12:00am
China crude oil imports ease from record

China crude oil imports ease from record

China's May crude oil imports eased away from record highs hit the month before, customs data showed, with state-run refineries entering planned maintenance and some independent plants told to curb operations ahead of a summit at a key port city. May ship
Published 10 Jun, 2018 12:00am
French maize ratings fall sharply as wet southwest suffers

French maize ratings fall sharply as wet southwest suffers

The state of maize crops in France declined sharply last week, reflecting worsening conditions in the country's southwestern maize heartland that has endured heavy rain, data from farming agency FranceAgriMer showed. France is the European Union's biggest
Published 10 Jun, 2018 12:00am
Russian 2018 grain crop estimate slashed by two leading forecasters

Russian 2018 grain crop estimate slashed by two leading forecasters

Leading Russian agricultural consulting firms SovEcon and IKAR have cut their estimates for the country's 2018 grain harvest due to cold wet conditions in the key spring wheat regions of Siberia and the Urals. Russia, which gathered a record grains harves
Published 10 Jun, 2018 12:00am
Tunisia sees grain harvest falling to 1.4 million tonnes

Tunisia sees grain harvest falling to 1.4 million tonnes

Tunisia expects its grain harvest to fall to 1.4 million tonnes this season from 1.6 million tonnes last season because of lack of rain, the Agriculture Ministry said on Sunday. The crop includes 923,000 tonnes of durum wheat, 119,000 tonnes of soft wheat
Published 10 Jun, 2018 12:00am
Paraguay soyabean exports to top Argentina's for first time
Currency

Paraguay soyabean exports to top Argentina's for first time

Paraguay is forecast to export more soyabeans than neighbouring grains powerhouse Argentina for the first time this year as growers in the smaller country push to increase output and fill the supply gap left by a drought on the Argentine Pampas. Paraguay
Published 10 Jun, 2018 12:00am
Scotiabank to scrap half its metals business

Scotiabank to scrap half its metals business

Canada's Bank of Nova Scotia (Scotiabank) is limiting lending by its ScotiaMocatta metals unit as it embarks on a radical restructuring likely to halve the size of the business, sources familiar with the matter said. Mocatta is the largest financier of th
Published 10 Jun, 2018 12:00am
Funds uphold bullish CBOT bets with trade and weather in focus

Funds uphold bullish CBOT bets with trade and weather in focus

Speculators mostly held firm in their views toward Chicago-traded futures and options last week, although they had to brace for more trade tension between the United States and several of its primary trade partners. The revived trade jitters come at the s
Published 10 Jun, 2018 12:00am
Chinese government hackers steal trove of US Navy data

Chinese government hackers steal trove of US Navy data

Chinese government hackers have stolen a massive trove of sensitive information from a US Navy contractor, including secret plans to develop a new type of submarine-launched anti-ship missile, the Washington Post reported Friday.
Published 10 Jun, 2018 12:00am
Russia and Ukraine discuss 'exchange' of Sentsov, other prisoners

Russia and Ukraine discuss 'exchange' of Sentsov, other prisoners

Russian leader Vladimir Putin and Ukrainian President Petro Poroshenko discussed Saturday a possible exchange of prisoners, raising hopes that hunger-striking film director Oleg Sentsov and others could be released ahead of the start of the World Cup next
Published 10 Jun, 2018 12:00am
Spain lifts financial controls on Catalonia, rules out referendum

Spain lifts financial controls on Catalonia, rules out referendum

Spain's new Socialist government said Friday it would lift financial controls on Catalonia as a "gesture of normalisation" towards the separatist-minded region, but insisted an independence referendum was still "out of the question."
Published 10 Jun, 2018 12:00am
Man arrested over deadly Japan stabbing spree

Man arrested over deadly Japan stabbing spree

A man was arrested in central Japan after stabbing one person to death and injuring two others aboard a bullet train on Saturday night, a rare violent assault in the Asian nation.
Published 10 Jun, 2018 12:00am
First Bond girl Eunice Gayson dies

First Bond girl Eunice Gayson dies

British actress Eunice Gayson, who played the first Bond girl, has died at the age of 90, the official 007 Twitter account said Saturday. Gayson played the spy's love interest Sylvia Trench opposite Sean Connery in the 1962 film "Dr No", the first of the
Published 10 Jun, 2018 12:00am
China to launch broader environmental inspections this month

China to launch broader environmental inspections this month

China will expand environmental inspections to more cities and regions in a new round of checks from this month to April next year, the Ministry of Ecology and Environment (MEE) said in a statement on Friday, part of a three-year anti-pollution plan. Apar
Published 10 Jun, 2018 12:00am
Taliban agrees to unprecedented Eid ceasefire with Afghan forces

Taliban agrees to unprecedented Eid ceasefire with Afghan forces

The Taliban announced its first ceasefire in Afghanistan since the 2001 US invasion on Saturday, with a three-day halt in hostilities against the country's security forces that was greeted with relief by war-weary Afghans.
Published 10 Jun, 2018 12:00am
19 Afghan police killed in Taliban attack on base

19 Afghan police killed in Taliban attack on base

At least 19 Afghan police officers were killed Saturday in a pre-dawn raid by the Taliban on a base in the northern province of Kunduz, officials said, hours before the militants announced an unprecedented ceasefire starting next week.
Published 10 Jun, 2018 12:00am
Disney executive quits amid scandal over 'unwanted hugs'

Disney executive quits amid scandal over 'unwanted hugs'

Disney animation chief John Lasseter said Friday he is quitting, six months after acknowledging in an internal memo that he had made staff feel "disrespected or uncomfortable" with unwanted hugs.
Published 10 Jun, 2018 12:00am
At least two more die in fresh Nicaragua clashes

At least two more die in fresh Nicaragua clashes

At least two more people died during violent protests overnight, a Nicaraguan rights group said Saturday, bringing to 137 the death toll since demonstrations demanding President Daniel Ortega's ouster sparked in mid-April.
Published 10 Jun, 2018 12:00am
Downed power lines caused October 2017 California fires

Downed power lines caused October 2017 California fires

Several of the wildfires that ripped through northern California's wine country in October 2017 were caused by downed power lines owned by the local utility company, a probe by investigators found.
Published 10 Jun, 2018 12:00am
Canada says no longer aiding Iraqi Kurds

Canada says no longer aiding Iraqi Kurds

Canadian special forces have ended their training support for Iraqi Kurdish peshmerga fighters, the defense department confirmed on Friday, after Ottawa suspended the assistance in October. Canada is part of the United States-led international coalition a
Published 10 Jun, 2018 12:00am
Frenchman commits suicide in Makkah

Frenchman commits suicide in Makkah

A Frenchman has committed suicide by throwing himself off the roof of the Grand Mosque in Islam's holiest city of Makkah, Saudi and French officials said Saturday. "A foreigner threw himself from the roof of the Grand Mosque in Makkah" to the courtyard be
Published 10 Jun, 2018 12:00am
Thrilling fightback gives Halep first Grand Slam title

Thrilling fightback gives Halep first Grand Slam title

Simona Halep fought back from a set and a break down to finally achieve her "dream" of winning a Grand Slam title, beating Sloane Stephens 3-6, 6-4, 6-1 in a gruelling French Open final on Saturday. The world number one had lost all three of her previous
Published 10 Jun, 2018 12:00am
Legendary Brazilian tennis player Maria Bueno dies

Legendary Brazilian tennis player Maria Bueno dies

Maria Bueno, the Brazilian "queen" of tennis, who won three Wimbledon and four US championship singles titles, died Friday in Sao Paulo at age 78, the hospital where she was being treated said. She had been suffering from mouth cancer since last year and
Published 10 Jun, 2018 12:00am
Australia beat Middlesex by 101 runs

Australia beat Middlesex by 101 runs

Australia thrashed Middlesex by 101 runs at Lord's on Saturday in their final one-day warm up match ahead of a series with England. Middlesex, set 284 for victory, finished on 182 all out with exactly nine overs remaining. They lost their last six wickets
Published 10 Jun, 2018 12:00am
West Indies stretch lead over Sri Lanka past 400

West Indies stretch lead over Sri Lanka past 400

Kieran Powell missed out on a century but the West Indies further solidified an already dominant position at lunch on the fourth day of the first Test against Sri Lanka in Trinidad on Saturday. West Indies lost three wickets, including Powell for 88, in t
Published 10 Jun, 2018 12:00am
Morgan wary of 'competitive' Scotland

Morgan wary of 'competitive' Scotland

England's limited-overs captain Eoin Morgan has promised to take nothing for granted when his side begin their white-ball season away to Scotland on Sunday.
Published 10 Jun, 2018 12:00am
Government approves Rs 4 million reward for Davis Cup team

Government approves Rs 4 million reward for Davis Cup team

The Government of Pakistan, through the Ministry of Inter-Provincial Coordination, has approved a sum of Rs 04 million as reward for the Pakistan Davis Cup team, which performed creditably by beating South Korea, one of Asia's top tennis teams, in the Dav
Published 10 Jun, 2018 12:00am
Under-15 Punjab Open Football in July

Under-15 Punjab Open Football in July

Sports Board Punjab (SBP) and Punjab Football Association (PFA) will jointly organize the first Under-15 Punjab Open Football Championship in the third week of July in Lahore. This is for the first time that SBP and PFA are collaborating for promotion of
Published 10 Jun, 2018 12:00am
World Cup replicas selling fast in Vietnam

World Cup replicas selling fast in Vietnam

In a dusty workshop on the outskirts of Hanoi, workers busily mould, set and spray hundreds of replica World Cup trophies as orders flood in ahead of next week's tournament. Demand in football-mad Vietnam is soaring for the hand made plaster models of the
Published 10 Jun, 2018 12:00am
Neymar's Brazil look strong as Germany, Argentina tackle problems

Neymar's Brazil look strong as Germany, Argentina tackle problems

Neymar's acclaimed return ahead of the World Cup supplied Brazil with an immeasurable boost, but holders Germany and Argentina arrive at the tournament confronting inconsistent form and disrupted preparations. The Paris Saint-Germain superstar's swashbuck
Published 10 Jun, 2018 12:00am
Ronaldo's Portugal arrive in Russia for World Cup

Ronaldo's Portugal arrive in Russia for World Cup

Cristiano Ronaldo's Portugal arrived Saturday in Russia to begin final preparations for a World Cup campaign that pits them against arch-rivals Spain. The European champions play their Iberian neighbours in the 2014 Winter Olympics host city Sochi in the
Published 10 Jun, 2018 12:00am
I'm on the mend - Salah tells Egypt's President

I'm on the mend - Salah tells Egypt's President

Liverpool striker Mohamed Salah has told Egyptian President Abdel Fattah al-Sisi he is well on the road to recovery following a shoulder injury in the Champions League final. "The president was reassured on the health condition of the player 'Mohamed Sala
Published 10 Jun, 2018 12:00am
Enzo Perez covers for Argentina's injured Lanzini

Enzo Perez covers for Argentina's injured Lanzini

River Plate midfielder Enzo Perez will replace the injured Manuel Lanzini in Argentina's 23-man World Cup squad, the country's football association said on Saturday.
Published 10 Jun, 2018 12:00am
Pound rebound to be kept in check by Brexit talks
Currency

Pound rebound to be kept in check by Brexit talks

Sterling is likely to gain this year and by the time Britain leaves the European Union next March will have recouped a chunk of its losses since the June 2016 decision to leave the bloc, a Reuters poll suggested. However, the pound is unlikely to re-test
Published 10 Jun, 2018 12:00am
Turkish lira weakens
Currency

Turkish lira weakens

Turkey's lira weakened against the dollar on Friday, giving up some of the previous session's gains, when it rallied after the central bank raised interest rates more than expected. Bank stocks tumbled more than 2 percent after Moody's downgraded its rati
Published 10 Jun, 2018 12:00am
Brazil currency rebounds as central bank calms markets
Currency

Brazil currency rebounds as central bank calms markets

Brazil's currency rebounded sharply on Friday, posting its biggest daily percentage gain against the US dollar in nearly a decade after Central Bank President Ilan Goldfajn stepped up market intervention to pull the exchange rate back from a nearly two-ye
Published 10 Jun, 2018 12:00am
Speculators add to bearish bets against dollar
Currency

Speculators add to bearish bets against dollar

Speculators' net short dollar bets rose slightly in the latest week, after shrinking for six straight weeks, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar positions
Published 10 Jun, 2018 12:00am
Russia to increase state FX purchases to record high
Currency

Russia to increase state FX purchases to record high

Russia's finance ministry is expected to increase its daily buying of foreign currency for the state reserves to the equivalent of 18.7 billion roubles ($302 million) after a recent rise in oil prices, a Reuters poll showed on Monday. The median forecast
Published 10 Jun, 2018 12:00am
Dollar, yen climb as G7 leaders gather for tense meeting
Currency

Dollar, yen climb as G7 leaders gather for tense meeting

The dollar rose on Friday after a four-day losing streak, while the safe-haven yen gained as investors grew cautious over what was expected to be a contentious G7 meeting in Canada on Friday. Despite Friday's gains, the dollar posted its largest weekly dr
Published 10 Jun, 2018 12:00am
Dollar's reign likely to be a short one
Currency

Dollar's reign likely to be a short one

The US dollar's dominance is forecast to fade soon, with any sudden change in expectations for the policies of other central banks posing the biggest risk, a Reuters poll of currency strategists showed. Nearly 60 percent, or 35 of 60 analysts, who answere
Published 10 Jun, 2018 12:00am
CEE currencies to strengthen

CEE currencies to strengthen

Central Europe's main currencies are expected to strengthen in the next 12 months on the back of healthy economic growth and expectations for monetary tightening, a Reuters poll of analysts showed in Wednesday. According to the March 2-6 poll, the Czech c
Published 10 Jun, 2018 12:00am
Canadian dollar rises
Currency

Canadian dollar rises

The Canadian dollar strengthened against its US counterpart on Friday as data showing higher domestic wages supported bets for a Bank of Canada interest rate hike next month, even as consensus appeared to elude leaders at a G7 summit. The Canadian economy
Published 10 Jun, 2018 12:00am
China's producer inflation picks up for second time in a row

China's producer inflation picks up for second time in a row

China's producer inflation picked up for the second month in a row to a four-month high in May, buoyed by stronger commodity prices, suggesting the world's No.2 economy has retained growth momentum despite rocky trade relations with the United States. Ann
Published 10 Jun, 2018 12:00am
Botswana cancels plans to sell troubled power plant to Chinese firm

Botswana cancels plans to sell troubled power plant to Chinese firm

Botswana has scrapped talks to sell a power station plagued by technical problems to a state-owned Chinese company linked to the plant's builder, an official document seen by Reuters showed. The 600-megawatt coal-fired Morupule B plant, which was commissi
Published 10 Jun, 2018 12:00am
German industrial production plunges

German industrial production plunges

Industrial production in Germany unexpectedly fell in April after rebounding in March, official data showed Friday, adding to fears of a slowdown in Europe's powerhouse economy. Industrial output fell 1.0 percent month-on-month, federal statistics authori
Published 10 Jun, 2018 12:00am
Economists stick to view ECB will end QE this year
Currency

Economists stick to view ECB will end QE this year

The European Central Bank is expected to end its stimulus programme by the end of this year, according to Reuters poll data that shows economists confident following comments from ECB policymakers over the past week reinforcing that view. The latest Reute
Published 10 Jun, 2018 12:00am
Russia's oil output at 11.1m bpd in early June, above quota

Russia's oil output at 11.1m bpd in early June, above quota

Russia's oil production increased to 11.1 million barrels per day (bpd) in the first week of June, far exceeding production limits outlined in a global oil deal, Interfax news agency cited a source as saying on Saturday.
Published 10 Jun, 2018 12:00am
First Iraq-flagged oil tanker in three decades leaves port

First Iraq-flagged oil tanker in three decades leaves port

An Iraq-flagged tanker carrying two million barrels of crude oil has set sail for the US, the first such trip in nearly three decades, the oil ministry said Saturday. Iraq, which has been ravaged by a series of wars since the 1980s, is the oil cartel Opec
Published 10 Jun, 2018 12:00am
EDP sees merits in Chinese suitor's plans, but offer too low

EDP sees merits in Chinese suitor's plans, but offer too low

EDP-Energias de Portugal sees merits in the plans of suitor China Three Gorges (CTG), it said on Saturday, signalling it may be open to an improved offer after rejecting a 9 billion euro ($10.6 billion) takeover proposal as too low. The board of the Portu
Published 10 Jun, 2018 12:00am
India strikes river, rice deals with China as relations thaw

India strikes river, rice deals with China as relations thaw

China and India on Saturday settled a dispute over the flood-prone Brahmaputra river that flows from Tibet to Bangladesh in a sign of growing cooperation between them. Indian Prime Minister Narendra Modi and Chinese President Xi Jinping signed the agreeme
Published 10 Jun, 2018 12:00am
Congo mining code regulations signed into law

Congo mining code regulations signed into law

Regulations to implement Congo's new mining code have been signed into law with no changes, advisers to the prime minister told Reuters on Saturday, despite objections from mining firms that have been threatening legal action. Prime Minister Bruno Tshibal
Published 10 Jun, 2018 12:00am
PSA interested in Paris car-sharing scheme

PSA interested in Paris car-sharing scheme

PSA is interested in offering a "free floating" car-sharing scheme in Paris, where drivers could pick up a vehicle and leave it elsewhere in the city, and is in contact with city authorities about it, the carmaker told a French newspaper.
Published 10 Jun, 2018 12:00am
Airbus deal with Canada's Bombardier set for take-off

Airbus deal with Canada's Bombardier set for take-off

Aviation giants Airbus and Canada's Bombardier on Friday said they have finalised a partnership deal on the C Series airliner programme, the latest move in a long-running battle for the skies against US behemoth Boeing. The partnership will see European a
Published 10 Jun, 2018 12:00am
Wall Street rises, investors eye Fed decision, summit fears ebb

Wall Street rises, investors eye Fed decision, summit fears ebb

US stock indexes closed higher on Friday as investors shrugged off concerns about global trade tensions but trading volume was relatively light ahead of a busy week of central bank meetings. The S&P 500 stayed in positive territory in the afternoon after
Published 10 Jun, 2018 12:00am
Treasuries outlook: US yields dip as trade worries keep market on edge

Treasuries outlook: US yields dip as trade worries keep market on edge

US Treasury yields were marginally lower on Friday on light volume as traders awaited the outcome of the Group of Seven summit, fretting about growing trade tensions between the United States and its major allies and global economic growth. US President D
Published 10 Jun, 2018 12:00am
Treasuries outlook: US yields dip as trade worries keep market on edge

Treasuries outlook: US yields dip as trade worries keep market on edge

US Treasury yields were marginally lower on Friday on light volume as traders awaited the outcome of the Group of Seven summit, fretting about growing trade tensions between the United States and its major allies and global economic growth. US President D
Published 10 Jun, 2018 12:00am
Foreign investors sell Asian equities for fourth straight month

Foreign investors sell Asian equities for fourth straight month

Asian equities saw sustained foreign selling in May for the fourth straight month as a firmer dollar and political tensions in Italy kept overseas investors away from regional assets. Foreigners sold about $4 billion worth of Asian stocks last month to ta
Published 10 Jun, 2018 12:00am
UBS declares 'buying time' for emerging market stocks

UBS declares 'buying time' for emerging market stocks

Swiss Bank UBS urged clients to pile into emerging market stocks on Thursday, declaring it "buying time" for the asset class despite growing concerns about Latin America's biggest economy Brazil. UBS analysts showed a renewed bullishness for Europe, Middl
Published 10 Jun, 2018 12:00am
UBS declares 'buying time' for emerging market stocks

UBS declares 'buying time' for emerging market stocks

Swiss Bank UBS urged clients to pile into emerging market stocks on Thursday, declaring it "buying time" for the asset class despite growing concerns about Latin America's biggest economy Brazil. UBS analysts showed a renewed bullishness for Europe, Middl
Published 10 Jun, 2018 12:00am
Want to extend the bull market by $6 trillion? Add women

Want to extend the bull market by $6 trillion? Add women

The secret to unlocking a further $6 trillion of gains in global stocks and adding another ten years to this bull run? Forget tax cuts and share buybacks, women are key, according to research by S&P Global. The United States lags developed country peers i
Published 10 Jun, 2018 12:00am
Want to extend the bull market by $6 trillion? Add women

Want to extend the bull market by $6 trillion? Add women

The secret to unlocking a further $6 trillion of gains in global stocks and adding another ten years to this bull run? Forget tax cuts and share buybacks, women are key, according to research by S&P Global. The United States lags developed country peers i
Published 10 Jun, 2018 12:00am
Canada's TSX to get late-cycle boost, grind out record high

Canada's TSX to get late-cycle boost, grind out record high

Canada's main stock index will notch a record high by year-end as higher commodity prices and rising interest rates boost cyclical stocks, a Reuters poll found, offsetting investor worries about domestic economic imbalances. Cyclical sectors financials, e
Published 10 Jun, 2018 12:00am
Morocco to issue first sovereign Islamic bond worth 1bn dirhams

Morocco to issue first sovereign Islamic bond worth 1bn dirhams

Morocco is preparing to issue its first sovereign Islamic bond, or sukuk, worth 1 billion dirhams ($105 million) in the coming weeks after adopting a regulatory framework governing sukuk sales, Finance Minister Mohamed Boussaid said on Thursday. "The lega
Published 10 Jun, 2018 12:00am
Morocco to issue first sovereign Islamic bond worth 1bn dirhams

Morocco to issue first sovereign Islamic bond worth 1bn dirhams

Morocco is preparing to issue its first sovereign Islamic bond, or sukuk, worth 1 billion dirhams ($105 million) in the coming weeks after adopting a regulatory framework governing sukuk sales, Finance Minister Mohamed Boussaid said on Thursday. "The lega
Published 10 Jun, 2018 12:00am
India unveils measures to help sugar mills, woo farmers

India unveils measures to help sugar mills, woo farmers

India has decided to build a 3 million tonne stockpile of sugar to soak up excess supply from the domestic market, and grant soft loans worth 44.4 billion rupees ($661.40 million) to help millers expand ethanol output capacity, the food minister said.
Published 10 Jun, 2018 12:00am
Euronext wheat eases after one week high

Euronext wheat eases after one week high

Euronext wheat turned lower on Thursday afternoon, after touching a one-week high, as a weather rally in Chicago lost momentum and a stronger euro dampened the export competitiveness of west European grain. The market remained underpinned by weather risks
Published 10 Jun, 2018 12:00am
Chinese steel futures rise to six-month high

Chinese steel futures rise to six-month high

Chinese construction steel rebar futures rose to their highest in six months on Thursday, supported by environmental inspections across the country that helped to ease concerns about a glut and boosted market sentiment. Teams of inspectors have been sent
Published 10 Jun, 2018 12:00am
German wheat, rapeseed crop forecasts cut after dryness

German wheat, rapeseed crop forecasts cut after dryness

The association of German farm cooperatives on Wednesday cut its forecast of Germany's 2018 wheat crop to 22.89 million tonnes, down 6.5 percent on the year after grains suffered from dry weather in past weeks. The cooperatives also cut their forecast of
Published 10 Jun, 2018 12:00am
India's May gold imports fall as prices rise

India's May gold imports fall as prices rise

India's gold imports plunged a fifth straight month in May to 48 tonnes as a rally in local prices to near their highest level in 21 months curtailed retail purchases, provisional data from precious metals consultancy GFMS and bank dealers showed. The 60
Published 10 Jun, 2018 12:00am
Indonesian coffee premiums rise; Vietnam discounts

Indonesian coffee premiums rise; Vietnam discounts

Indonesia's coffee premiums rose this week as the rupiah recovered from two-and-a-half-year lows against the dollar, but a rising supply during harvest capped the premiums, traders said on Thursday. Premiums for Indonesia's grade 4 defect 80 robusta rose
Published 10 Jun, 2018 12:00am
Most global grain traders losing access to major Russia's terminals

Most global grain traders losing access to major Russia's terminals

Most major international grain houses have not been included in a draft list of exporters who will work with the two largest grain terminals in Russia's Black Sea port of Novorossiisk in the new marketing season, sources familiar with the matter said. Com
Published 10 Jun, 2018 12:00am
CBOT wheat futures higher on global weather worries

CBOT wheat futures higher on global weather worries

Chicago Board of Trade wheat futures closed higher on Thursday for a third straight session on technical buying and poor weather in several global production areas that could tighten world stockpiles, traders said. CBOT July soft red winter wheat settled
Published 10 Jun, 2018 12:00am
Subdued business on cotton market
Cotton

Subdued business on cotton market

Small business was again witnessed on the cotton market on Saturday as spinners were conspicuous by their absence, dealers said. The official spot rate was unchanged at Rs 7,500, they added. In the ready session, approximately, 3664 bales of cotton were a
Published 10 Jun, 2018 12:00am
Indian rice prices fall as Bangladesh output rises

Indian rice prices fall as Bangladesh output rises

Rice export prices in India fell this week to their lowest this year on sluggish demand before top buyer Bangladesh slaps import duty on exports of the grain after domestic production recovered. Rates for India's 5 percent broken parboiled variety fell by
Published 10 Jun, 2018 12:00am
Asian gasoline cracks down to one month low

Asian gasoline cracks down to one month low

Asia's gasoline crack fell to a one-month low of $6.39 a barrel, pulled down by abundant supplies. Crack value has been trapped in a losing streak since May 23, despite it being a peak season as the Muslim fasting month usually drives up demand. Although
Published 10 Jun, 2018 12:00am
South Korean firm buys corn over one million tonnes

South Korean firm buys corn over one million tonnes

Another corn purchase by South Korea's largest feedmaker Nonghyup Feed Inc (NOFI) on Thursday brought a surge of Korean corn buying in the past week to just over 1 million tonnes, traders said. NOFI purchased around 137,000 tonnes of corn to be sourced fr
Published 10 Jun, 2018 12:00am
CBOT soyabean futures fall on favourable weather

CBOT soyabean futures fall on favourable weather

Chicago Board of Trade soyabean futures fell more than 2 percent on Thursday on favourable US crop weather and fund-driven long liquidation as the new-crop November contract fell below psychological support at $10 a bushel, traders said. CBOT July soyabea
Published 10 Jun, 2018 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

Tea prices in Bangladesh rose at the weekly auction for the fourth time in a row on strong demand for quality leaf, while sales rose despite higher volume on offer. Bangladeshi tea fetched an average of 238.34 taka ($2.7) per kg at the auction centre in t
Published 10 Jun, 2018 12:00am
European gasoline margins slide as crude soars

European gasoline margins slide as crude soars

Benchmark northwest European gasoline refining margins fell sharply on Thursday after a sharp rise in crude prices and higher Atlantic basin stocks. Gasoline stocks in independently held storage at the Amsterdam-Rotterdam-Antwerp refining and storage hub
Published 10 Jun, 2018 12:00am
Palm oil higher on European vegoils market
Vegetable Oil

Palm oil higher on European vegoils market

Palm oil on the European vegetable oils market edged higher on Thursday as a weaker dollar and technical gains in CBOT soyaoil futures supported prices. Asking prices for palm oil were mostly between unchanged and $2.50 a tonne up from Wednesday after Mal
Published 10 Jun, 2018 12:00am
Soyameal mixed on European feeds market
Currency

Soyameal mixed on European feeds market

Soyameal on the European meals and feeds market was offered in a tight range on Thursday as beneficial US crop weather and technical weakness in Chicago soyameal futures were offset by support from a weaker dollar.
Published 10 Jun, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (June 09, 2018).

Published 10 Jun, 2018 12:00am
THE RUPEE: Firm trend
Currency

THE RUPEE: Firm trend

The rupee showed stable trend against the dollar on the money on Saturday in the process of trading activity, dealers said. The rupee depicted no change against the dollar for buying and selling at Rs 118.00 and Rs 118.50 respectively, they said. The rupe
Published 10 Jun, 2018 12:00am
THE RUPEE: Firm trend
Currency

THE RUPEE: Firm trend

The rupee showed stable trend against the dollar on the money on Saturday in the process of trading activity, dealers said. The rupee depicted no change against the dollar for buying and selling at Rs 118.00 and Rs 118.50 respectively, they said. The rupe
Published 10 Jun, 2018 12:00am
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