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Archive - 2018-06-14
Roads in cliffs
Featured Photos

Roads in cliffs

A view of cars running on a road in cliffs in Shenlongwan Village in Changzhi City, north China's Shanxi Province. A
Updated 14 Jun, 2018 06:40pm
Match between the Sharks
Featured Photos

Match between the Sharks

Sharks play football at the Haichang Jingsha Ocean Park in Yantai, east China's Shandong Province. INP
Published 14 Jun, 2018 10:01pm
FIFA opening Ceremony
Featured Photos

FIFA opening Ceremony

A view of opening ceremony of the 2018 FIFA World Cup in Moscow, Russia. INP
Published 14 Jun, 2018 07:11pm
Hunting Bird
Featured Photos

Hunting Bird

A beautiful bird blue-tailed bee-eater catching dragonfly in the beak in Federal Capital. Copyright APP (Associa
Published 14 Jun, 2018 07:01pm
Man shot dead in Quetta
General News

Man shot dead in Quetta

QUETTA: Unknown armed men opened fire and killed a man at Samungli Road here on Thursday. According to police sources
Published 14 Jun, 2018 02:16pm
Pakistan's forex figures $ 16.457bn
Top News

Pakistan's forex figures $ 16.457bn

KARACHI: A total liquid foreign reserves of the country stood at dollars 16.457 billion, said State Bank of Pakistan (SB
Published 14 Jun, 2018 02:13pm
The right pricing steps
Miscellaneous

The right pricing steps

It appears that the caretaker team has recognition and realization of gravity of issues and has not triggered the panic
Published 14 Jun, 2018 06:10am
Fauji Cement Company Limited (FCCL)
Mutual Funds

Fauji Cement Company Limited (FCCL)

Fauji Cement (PSX: FCCL) is a prominent cement manufacturer in the industry in the North block of the sector as its two cement lines are located in Jhang Bahtar, Punjab. Fauji was incorporated in 1992 with an initial capacity of 945,000 tons per annum and
Updated 14 Jun, 2018 06:15am
Exports: try being complex
Miscellaneous

Exports: try being complex

That exports have come to matter less and less to Pakistan’s GDP growth is indisputable. What ails those exports, howeve
Published 14 Jun, 2018 06:11am
All eyes on OPEC – again
Oil and Gas

All eyes on OPEC – again

Vienna is expected to be the focus next week, as the buzz around the much anticipated Opec meeting gets louder. The US P
Published 14 Jun, 2018 06:06am
US approves sale of Apache attack choppers to India

US approves sale of Apache attack choppers to India

The United States government has approved a deal to sell the Indian military six AH-64E Apache attack helicopters for $930 million, the State Department said Tuesday. The agreement has been passed to the US Congress for approval, but if no US lawmaker rai
Published 14 Jun, 2018 12:00am
US approves sale of Apache attack choppers to India

US approves sale of Apache attack choppers to India

The United States government has approved a deal to sell the Indian military six AH-64E Apache attack helicopters for $930 million, the State Department said Tuesday. The agreement has been passed to the US Congress for approval, but if no US lawmaker rai
Published 14 Jun, 2018 12:00am
No taxes on mobile top-ups from today

No taxes on mobile top-ups from today

Cellular phone companies will implement the apex court's directives and would not charge taxes from mobile phone users from the midnight of June 13, 2018, sources confirmed to Business Recorder. Sources revealed that mobile phone companies have rec
Published 14 Jun, 2018 12:00am
No taxes on mobile top-ups from today

No taxes on mobile top-ups from today

Cellular phone companies will implement the apex court's directives and would not charge taxes from mobile phone users from the midnight of June 13, 2018, sources confirmed to Business Recorder. Sources revealed that mobile phone companies have rec
Published 14 Jun, 2018 12:00am
No taxes on mobile top-ups from today

No taxes on mobile top-ups from today

Cellular phone companies will implement the apex court''s directives and would not charge taxes from mobile phone users from the midnight of June 13, 2018, sources confirmed to Business Recorder. Sources revealed that mobile phone companies have re
Published 14 Jun, 2018 12:00am
Scottish MP ejected from parliament over Brexit row

Scottish MP ejected from parliament over Brexit row

A senior Scottish nationalist MP was ejected from the British parliament on Wednesday in chaotic scenes after staging a protest against the government's "contempt" for Scotland in the Brexit process. The Scottish National Party (SNP) leader in the House o
Published 14 Jun, 2018 12:00am
Scottish MP ejected from parliament over Brexit row

Scottish MP ejected from parliament over Brexit row

A senior Scottish nationalist MP was ejected from the British parliament on Wednesday in chaotic scenes after staging a protest against the government's "contempt" for Scotland in the Brexit process. The Scottish National Party (SNP) leader in the House o
Published 14 Jun, 2018 12:00am
Widening of trade deficit

Widening of trade deficit

The latest news on the country's trade deficit is alarming. According to the latest data released by the Pakistan Bureau of Statistics, the country's trade deficit has soared to an all-time high of nearly dollar 34 billion in the first eleven months (July
Published 14 Jun, 2018 12:00am
The striking contrast

The striking contrast

Nawaz Sharif has once again produced a litany of complaints in a press conference on June 11, 2018 about the way he is being treated in the cases against him after his counsel Khwaja Haris withdrew. The counsel found it impossible to represent his client
Published 14 Jun, 2018 12:00am
Governing the unelected
Mutual Funds

Governing the unelected

The constitution contemplates only two ways of removing a Prime Minister: Divine intervention - mental or physical impairment - or a vote of no confidence by the elected representatives. The aspirants to the Prime Ministerial crown, come 25 July, are all
Published 14 Jun, 2018 12:00am
IMF: lender of the last resort - II
Currency

IMF: lender of the last resort - II

The primary problem of Pakistan is trade deficit, which for the year 2017/2018 is expected to be around USD 35 billion. Our imports for the year 2017/2018 will be around USD 55 t0 60 billion whereas exports, at the maximum, will not exceed USD 25 billion.
Published 14 Jun, 2018 12:00am
Bankers to ask Theresa May why they should stay after Brexit

Bankers to ask Theresa May why they should stay after Brexit

The bosses of some of Europe's biggest banks will ask Britain's Prime Minister Theresa May on Thursday to give them a reason to stay in the City of London after Brexit now that hopes are fading for a generous EU trade deal.
Published 14 Jun, 2018 12:00am
Farhatullah's bluntness

Farhatullah's bluntness

Farhatullah Babar of PPP is known for his outspokenness, bluntness and directness. In other words, he doesn't mince words; he would always call a spade a spade.
Published 14 Jun, 2018 12:00am
Blood Donors Day: donate blood & save lives

Blood Donors Day: donate blood & save lives

Thalassemia Eradication Council chairman and executive director of Afzaal Memorial Thalassemia Foundation (AMTF), Ateeq Ur Rehman has urged for massive blood donation to save lives of Thalassemic children.
Published 14 Jun, 2018 12:00am
Dar case hearing: AC reserves decision on NBP president's plea

Dar case hearing: AC reserves decision on NBP president's plea

The Accountability Court hearing corruption case against former finance minister Ishaq Dar Wednesday reserved its decision on a plea of National Bank of Pakistan (NBP) President Saeed Ahmed, seeking his acquittal from the reference.
Published 14 Jun, 2018 12:00am
MML's registration as political party rejected by ECP

MML's registration as political party rejected by ECP

The Election Commission of Pakistan (ECP) Wednesday rejected the registration of Milli Muslim League (MML) as a political party. A four-member bench of the Commission, headed by its Sindh Member Abdul Ghaffar Soomro decided against allowing the MML to be
Published 14 Jun, 2018 12:00am
SC admits appeal in Khadija stabbing case for hearing

SC admits appeal in Khadija stabbing case for hearing

The Supreme Court on Wednesday admitted appeal against acquittal of convict Shah Hussain by the Lahore High Court in Khadija Stabbing case for regular hearing.The court observed that there was no room for "benefit of doubt" as the occurrence took place in
Published 14 Jun, 2018 12:00am
PM directs ministry to facilitates elderly pilgrims

PM directs ministry to facilitates elderly pilgrims

Prime Minister Former Justice Nasir-ul-Mulk Wednesday directed Ministry of Religious Affairs that especial attention should be paid and maximum facilitation should be extended to the aged pilgrims and to those with special needs.
Published 14 Jun, 2018 12:00am
Punjab belongs to PPP: Bukhari

Punjab belongs to PPP: Bukhari

Secretary General Pakistan Peoples Party Syed Nayyar Hussain Bukhari has said that Punjab belongs to Pakistan Peoples Party (PPP) and will remain so. He said that the PPP was stopped by terrorism in 2013 election but the time has changed and now it is dif
Published 14 Jun, 2018 12:00am
PTI urges ECP to change home secretaries, Nadra chief

PTI urges ECP to change home secretaries, Nadra chief

Pakistan Tehreek-e-Insaf Wednesday wrote a letter to chief election commissioner of Pakistan, seeking to change federal and provincial interior secretaries and to dismiss NADRA chairman Usman Mubin. According to details issued by party's central media dep
Published 14 Jun, 2018 12:00am
Indian acting deputy HC summoned over ceasefire violation

Indian acting deputy HC summoned over ceasefire violation

The acting director general (SA & SAARC), summoned the Indian acting deputy high commissioner on Wednesday, and condemned the unprovoked ceasefire violation by the Indian occupation forces along the Line of Control on 12th June 2018 in Chirikot Sector, re
Published 14 Jun, 2018 12:00am
JI leader denies affiliation with Kisan Services

JI leader denies affiliation with Kisan Services

Muttahida Majlis-e-Amal's veteran politician Asadullah Bhutto Wednesday denied any affiliation with the Kisan Services, saying "I have never been on a board of directors of any company." At an urgent press conference at Idara Noor-e-Haq, former JI Sindh C
Published 14 Jun, 2018 12:00am
ECP urged to ensure participation of transgender in electoral process

ECP urged to ensure participation of transgender in electoral process

All Pakistan Transgender Election Network has urged the Election Commission of Pakistan to take pragmatic measures for removal of all hurdles to ensure full participation of the members of transgender community in the upcoming general elections. It also c
Published 14 Jun, 2018 12:00am
KE launches drive against power theft in Bin Qasim

KE launches drive against power theft in Bin Qasim

K-Electric along with law-enforcement agencies conducted an anti-theft drive in Bin Qasim and theft of approximately Rs 4.2 million was determined via 130 different cases. According to KE spokesman, the teams raided different locations in Gulshan-e-Hadeed
Published 14 Jun, 2018 12:00am
Sialkot made 'Telstar' to represent Pakistan in World Cup: Hasnain

Sialkot made 'Telstar' to represent Pakistan in World Cup: Hasnain

Chairman Pakistan Sports Goods Manufacturers and Exporters Association (PSGMEA) Hasnain Iftikhar Cheema has said that the football production activities had been increased to many folds as FIFA Cup is inches away in this export-oriented and hub of cottage
Published 14 Jun, 2018 12:00am
500 more cops deployed at commercial centres in Islamabad

500 more cops deployed at commercial centres in Islamabad

The Islamabad Police have made additional deployment of 500 personnel at shopping and trade centers of the federal capital to ensure foolproof security to citizens, who are busy in their Eid shopping. Effective patrolling, search and combing operations ha
Published 14 Jun, 2018 12:00am
IMC outperforms market as Corolla, Fortuner sales remain strong

IMC outperforms market as Corolla, Fortuner sales remain strong

Indus Motor Company (IMC) has outperformed the market as Corolla & Fortuner sales remained strong in May 2018. According to research data, auto sales registered 5 percent growth YoY in May 2018 to clock in at 21,813 units where IMC outperformed the market
Published 14 Jun, 2018 12:00am
Pakistan elected to ECOSOC for three-year term

Pakistan elected to ECOSOC for three-year term

Pakistan was elected Wednesday to the United Nations Economic and Social Council (ECOSOC) for a three-year term starting 1st January 2019, during elections held at the United Nations General Assembly in New York. Pakistan was one of the four countries ele
Published 14 Jun, 2018 12:00am
SC forms body to probe into construction of IIA

SC forms body to probe into construction of IIA

The Supreme Court on Wednesday formed a committee to probe the faulty construction of new Islamabad international airport. The court also sought a report from the committee within two weeks. The bench headed by Chief Justice Mian Saqib Nisar passed the or
Published 14 Jun, 2018 12:00am
PHECHS case: NAB arrests three accused

PHECHS case: NAB arrests three accused

National Accountability Bureau (NAB) Lahore has arrested three main accused involved in Public Health Engineering Cooperative Housing Society (PHECHS) Case. The accused are known as former-President, Dr Muhammad Shafiq, ex-Secretary General, Mian Muhammad
Published 14 Jun, 2018 12:00am
PSX holidays

PSX holidays

Pakistan Stock Exchange will remain closed on Friday, June 15, 2018 to Monday, June 18, 2018 on account of Eid-ul-Fitr. The Exchange will resume with pre-Ramadan trading and office timings from June 19, 2018, a PSX notice sent to all TRE Certificate Holde
Published 14 Jun, 2018 12:00am
MMA announces names of candidates for 13 NA seats of Lahore

MMA announces names of candidates for 13 NA seats of Lahore

The six religious parties' alliance Muttahida Majlis-e-Amal (MMA) named its candidates for 13 National Assembly seats of Lahore here on Wednesday. MMA Secretary General Liaqat Baloch has been give party ticket for NA 130.
Published 14 Jun, 2018 12:00am
SAU convocation in New Delhi: five Pakistani students awarded degrees

SAU convocation in New Delhi: five Pakistani students awarded degrees

Five Pakistani students, who have graduated from the South Asian University (SAU) in New Delhi, were awarded degrees during the 3rd Convocation of SAU held in New Delhi on June 7, 2018. Pakistan's High Commissioner to India Sohail Mahmood attended the Con
Published 14 Jun, 2018 12:00am
Eid greetings banners on display in Lahore's constituencies

Eid greetings banners on display in Lahore's constituencies

Politicians from different political parties have become active to tap the opportunity of Eid by displaying banners with Eid greetings in their respective constituencies. The PML-N, PTI and PPP candidates have displayed banners of different colours and si
Published 14 Jun, 2018 12:00am
Eidul-Fitr holidays: steps taken to meet urgent calls

Eidul-Fitr holidays: steps taken to meet urgent calls

The Lahore administration has taken a number of measures to meet emergency calls during the Eid-ul-Fitr holidays. In this connection, a meeting of the District Emergency Board was held here on Wednesday to review the emergency response plan for the holida
Published 14 Jun, 2018 12:00am
Government borrows Rs 3.4 billion through auction of PIBs

Government borrows Rs 3.4 billion through auction of PIBs

The federal government raised some Rs 3.4 billion through the auction for long-term government bonds. The auction for the sale of 3-, 5-, 10- and 20-year Pakistan Investment Bonds (PIBs) was held on June 12, 2018 and overall, the State Bank of Pakistan (S
Published 14 Jun, 2018 12:00am
Government borrows Rs 3.4 billion through auction of PIBs

Government borrows Rs 3.4 billion through auction of PIBs

The federal government raised some Rs 3.4 billion through the auction for long-term government bonds. The auction for the sale of 3-, 5-, 10- and 20-year Pakistan Investment Bonds (PIBs) was held on June 12, 2018 and overall, the State Bank of Pakistan (S
Published 14 Jun, 2018 12:00am
MML issues list of Sindh PA, NA, candidates

MML issues list of Sindh PA, NA, candidates

The Mili Muslim League (MML) has nominated its members to contest polls across the city for the Sindh and National Assemblies. The MML has announced to field 24 of its candidates for NA and PS constituencies in Karachi with first its Vice President, Muzam
Published 14 Jun, 2018 12:00am
Sindh Excise department achieves 95 percent revenue target
Cotton

Sindh Excise department achieves 95 percent revenue target

Sindh Excise and Taxation Department (ET) on Wednesday claimed to have achieved 95 percent of revenue target in 11 months of outgoing fiscal year. The department has collected Rs 59.420 billion for the period July 2017 to May 2018 as compared to Rs 52.212
Published 14 Jun, 2018 12:00am
Speakers demand effective LG system to address people's issues

Speakers demand effective LG system to address people's issues

Representatives of civil society organizations and senior journalists have demanded effective local government (LG) system to address people's issues and stoppage of funds issued to MPAs and MNAs as their job is to only legislate. This was resolved in a c
Published 14 Jun, 2018 12:00am
Engro Foods holds nutritional awareness session

Engro Foods holds nutritional awareness session

In line with the sustainability efforts to develop awareness building for consumption of safe and healthy milk, Engro Foods Limited conducted knowledge building session with the students of College of Veterinary & Animal Sciences, Jhang.
Published 14 Jun, 2018 12:00am
Minister directs for making WIC functional

Minister directs for making WIC functional

Caretaker Punjab health minister Prof Dr Jawad Sajid Khan has directed the Specialized Healthcare & Medical Education Department to take immediate steps for fully making the Wazirabad Institute of Cardiology (WIC) functional. While addressing a meeting, h
Published 14 Jun, 2018 12:00am
HEC's online scholarship awarding system launched

HEC's online scholarship awarding system launched

The Higher Education Commission (HEC), United States Agency for International Development (USAID) and National Bank of Pakistan (NBP)have launched anew online method for scholarship disbursement mechanism of the USAID-funded Merit and Needs-Based Scholars
Published 14 Jun, 2018 12:00am
'Cheetay Dastarkhwan' launched

'Cheetay Dastarkhwan' launched

Cheetay.pk, one of Pakistan's leading e-commerce platforms providing the best food delivery service, is proud to announce "Cheetay Dastarkhwan", a CSR campaign launched in collaboration with Rizq at Firdous Market Chowk and Khokhar Chowk, Johar Town, Laho
Published 14 Jun, 2018 12:00am
Central Punjab: Zardari convenes meeting to award party tickets

Central Punjab: Zardari convenes meeting to award party tickets

Pakistan People's Party Co-Chairman Asif Zardari has convened a meeting of party leadership for awarding party tickets in the central Punjab. Party sources said Zardari held this meeting at the Bilawal House that was attended by President PPP Central Punj
Published 14 Jun, 2018 12:00am
Programme to preserve agriculture commodities begins

Programme to preserve agriculture commodities begins

The Agriculture Department has started "Agricultural Warehouse-Receipt Program" on the basis of Public Private Partnership to ensure prosperity of the farmers by preserving agricultural commodities. Under this program, farmers are able to store their agri
Published 14 Jun, 2018 12:00am
LCCI urges traders to avail tax amnesty scheme 2018

LCCI urges traders to avail tax amnesty scheme 2018

The Lahore Chamber of Commerce and Industry (LCCI) has urged the business community to avail tax amnesty scheme 2018 by the end of June. The LCCI President Malik Tahir Javaid said that it is a golden opportunity for the business community to give legal st
Published 14 Jun, 2018 12:00am
US-DPRK summit a major step toward world peace: Pak-US Business Council

US-DPRK summit a major step toward world peace: Pak-US Business Council

Founder President Pak US Business Council and SAARC Chamber of Commerce and Industry Senior Vice President Iftikhar Ali Malik Wednesday welcoming historic agreement between North Korea and US in Singapore hoped that this is a positive step towards denucle
Published 14 Jun, 2018 12:00am
Caretaker government will ensure transparent elections: Dr Askari

Caretaker government will ensure transparent elections: Dr Askari

Caretaker Punjab Chief Minister Dr Hasan Askari Rizvi has said that the caretaker government will ensure holding of free and fair elections in line with the constitutional obligations. "By the Grace of Allah Almighty, we shall come up to the expectations
Published 14 Jun, 2018 12:00am
UNDP, ITU Punjab ink MoU to attain SDGs

UNDP, ITU Punjab ink MoU to attain SDGs

The United Nations Development Program (UNDP) and Information Technology University (ITU) the Punjab have signed Memorandum of Understanding (MoU), a cooperation agreement here on Wednesday to jointly gauge Pakistan's attainting Sustainable Development Go
Published 14 Jun, 2018 12:00am
Families of martyred cops paid Rs 780 million: CCPO

Families of martyred cops paid Rs 780 million: CCPO

Capital City Police Officer (CCPO) Lahore Amin Wains said on Wednesday that the Punjab police have given benefits worth over Rs 780 million to the families of martyred cops during a span of one year.
Published 14 Jun, 2018 12:00am
Women's empowerment programme launched in Sialkot

Women's empowerment programme launched in Sialkot

Baidarie Sialkot with the support of National Endowment for Democracy has begun implementation of the project titled "Women's Political Empowerment Programme in Sialkot (Punjab) Pakistan". The initiative aims at sensitizing and mobilizing the volunteers a
Published 14 Jun, 2018 12:00am
PML-N selects Khawaja as NA-130 candidate

PML-N selects Khawaja as NA-130 candidate

The Pakistan Muslim League-Nawaz (PML-N) has given -go ahead- to the PML-N leader Khawaja Ahmed Hassan to start preparations for elections in NA-130. On Wednesday, the former premier Nawaz Sharif phoned Khawaja Ahmed Hassan and shared strategy for NA-130
Published 14 Jun, 2018 12:00am
Telenor's 'ShareYourMeal' campaign concludes

Telenor's 'ShareYourMeal' campaign concludes

Telenor Pakistan's ShareYourMeal campaign, aimed at bringing food to the table of those who need it the most in the society concluded. The on-ground leg of the campaign was executed in Peshawar, Quetta, Islamabad, and Lahore earlier this month. This is th
Published 14 Jun, 2018 12:00am
Over 2967 candidates in run for 51 NA, 99 PA seats in KP

Over 2967 candidates in run for 51 NA, 99 PA seats in KP

As many as 2968 candidates submitted nomination papers for 151 seats of National and Khyber Pakhtunkhwa Assembly (PK) for 2018 general elections to be held on 25 next month. A total of 1009 candidates filed nomination papers for 52 constituencies of the N
Published 14 Jun, 2018 12:00am
Crackdown against sweet makers launched in KP

Crackdown against sweet makers launched in KP

Khyber Pakhtunkhwa Food Safety & Halal Food Authority launched severe crackdown against the sweet manufacturers across the province before Eid. Sweets and bakers are warned prior to crackdown to comply with KP Food Safety standards, otherwise the premises
Published 14 Jun, 2018 12:00am
Minister for sharing national heritage with world

Minister for sharing national heritage with world

Caretaker Information Minister Syed Ali Zafar has directed to formulate a coordination committee to ensure collaboration on important issues relating to national heritage between the federation and provinces. He expressed these views during a briefing tha
Published 14 Jun, 2018 12:00am
Mountaineer Pasha to scale Gasherbrum-II this summer

Mountaineer Pasha to scale Gasherbrum-II this summer

Pakistani mountaineer Mohammad Faheem Pasha is all set to scale Gasherbrum II this summer. The 35-year-old climber will start his expedition on June 16, 2018 and is a part of a 13-member team of climbers attempting the "Eight Thousander". The team compris
Published 14 Jun, 2018 12:00am
UET-SNGPL collaboration for enhancing gas infrastructure

UET-SNGPL collaboration for enhancing gas infrastructure

University of Engineering and Technology (UET) Peshawar through Center for Intelligent Systems and Network Research (CISNR) will collaborate with SNGPL to enhance the gas infrastructure in remote areas for a pilot presentation in an area identified by SNG
Published 14 Jun, 2018 12:00am
Water shortage likely to badly affect rice sowing
Cotton

Water shortage likely to badly affect rice sowing

The severe water shortage in the country may negatively affect rice sowing and the production target of 7.2 million tons is unlikely to be achieved, official sources revealed to Business Recorder. Rice is a major Kharif crop and if water supply is
Published 14 Jun, 2018 12:00am
Drap approves 106 product enlistment applications

Drap approves 106 product enlistment applications

The Drug Regulatory Authority of Pakistan (DRAP) Wednesday approved 106 product enlistment applications of nutraceuticals and 21 herbal and Unani from local manufacturers and importers. According to the DRAP spokesman, the decision was taken at the DRAP's
Published 14 Jun, 2018 12:00am
SECP introduces employees' contributory funds regulations

SECP introduces employees' contributory funds regulations

The Securities and Exchange Commission of Pakistan (SECP) has introduced Employee's Contributory Funds (Investment in Listed Securities) Regulations, 2018. The new regulations are aimed at improving safety regime for the employees contributing to various
Published 14 Jun, 2018 12:00am
Nomination papers of Elahi, his son accepted

Nomination papers of Elahi, his son accepted

Nomination papers of Pakistan Muslim League (PML) senior leader Chaudhry Pervez Elahi from Gujrat for National and Punjab Assemblies seats and of Moonis Elahi for Punjab Assembly seat have been accepted by the returning officer.
Published 14 Jun, 2018 12:00am
Fauji Cement Company Limited (FCCL)
Mutual Funds

Fauji Cement Company Limited (FCCL)

Fauji Cement (PSX: FCCL) is a prominent cement manufacturer in the industry in the North block of the sector as its two cement lines are located in Jhang Bahtar, Punjab. Fauji was incorporated in 1992 with an initial capacity of 945,000 tons per annum and
Published 14 Jun, 2018 12:00am
SAFE, ACE sign MoU at International Labour Conference

SAFE, ACE sign MoU at International Labour Conference

"The International Organization of Employers whole-heartedly welcomes progressive initiatives taken by member Employer Organizations around the world. The signing of the Memorandum of Understanding for mutually beneficial cooperation and collaboration bet
Published 14 Jun, 2018 12:00am
US MIDDAY: gold reverses gains

US MIDDAY: gold reverses gains

Gold prices turned lower on Wednesday after the US Federal Reserve announced it was raising interest rates. The Fed's move was widely expected but marked a milestone in the US central bank's shift from policies used to battle the 2007-2009 financial crisi
Published 14 Jun, 2018 12:00am
US MIDDAY: soyabeans, wheat plunge

US MIDDAY: soyabeans, wheat plunge

US soyabean and wheat futures fell sharply on Wednesday, with wheat sinking 3.4 percent and soyabean futures hitting their lowest in more than nine months. Traders said that long liquidation by investment funds triggered the sell-off. Concerns about trade
Published 14 Jun, 2018 12:00am
Gold flat in Europe

Gold flat in Europe

Gold was stuck just below $1,300 an ounce on Wednesday ahead of a US Federal Reserve policy announcement that could trigger a sharp move in prices. Investors expect the Fed to raise interest rates but want to know if it intends to tighten policy four time
Published 14 Jun, 2018 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold prices held steady on Wednesday after falling to a one-week low in the previous session, as investors waited for clues on the pace of future interest rate hikes by the US Federal Reserve when its policy meeting concludes later in the day. Spot gold w
Published 14 Jun, 2018 12:00am
Gold locked below $1,300 in New York

Gold locked below $1,300 in New York

Gold prices remained locked just below $1,300 an ounce on Tuesday as investors waited for clues on the pace of US interest rate rises following the impending conclusion of a Federal Reserve policymaking meeting. Investors expect the Fed to raise rates on
Published 14 Jun, 2018 12:00am
Robusta coffee at 2-1/2-month low, New York cocoa drops

Robusta coffee at 2-1/2-month low, New York cocoa drops

Robusta coffee futures fell to a 2-1/2-month-low on Wednesday, pressured by speculative and producer selling, while New York cocoa turned lower after failing to breach its 100-day moving average. September robusta coffee settled down $22, or 1.3 percent,
Published 14 Jun, 2018 12:00am
Palm oil extends fall to over 22-month low
Vegetable Oil

Palm oil extends fall to over 22-month low

Malaysian palm oil futures extended falls to a more than 22-month low on Wednesday, tracking weakness in related edible oils. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.3 percent at 2,318 ring
Published 14 Jun, 2018 12:00am
Shanghai tumble drags TOCOM rubber down

Shanghai tumble drags TOCOM rubber down

Benchmark Tokyo rubber futures hit a near two-month low on Wednesday, tracking a plunge in Shanghai futures, amid worries over rising production and high inventories in consuming countries. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for
Published 14 Jun, 2018 12:00am
Oil rises as US inventories fall on strong demand

Oil rises as US inventories fall on strong demand

Oil prices turned positive on Wednesday after a bigger-than-expected decline in US crude inventories along with surprise drawdowns in gasoline and distillates indicated strong demand in the world's top oil consumer. Earlier in the session, Brent and US cr
Published 14 Jun, 2018 12:00am
Congo Republic to launch call for oil license tenders

Congo Republic to launch call for oil license tenders

Congo Republic will open a call for oil license tenders in September followed by a promotion campaign at an oil conference in South Africa in November, Congo's hydrocarbons minister and conference organisers said on Wednesday. This is Congo's first licens
Published 14 Jun, 2018 12:00am
China demand worries drive copper to one-week low
Currency

China demand worries drive copper to one-week low

Copper hit one-week lows on Wednesday as worries about demand in top consumer China undermined sentiment before a lower dollar and labour negotiations at the Escondida mine in Chile helped prices to recover after the US open. Benchmark copper on the Londo
Published 14 Jun, 2018 12:00am
Shanghai metals fall

Shanghai metals fall

Base metals prices fell on Wednesday, led by Shanghai aluminium, which closed at a near six-week low, as investors fretted over liquidity in China and awaited news from the US Federal Reserve's policy meeting. The most-traded August aluminium contract on
Published 14 Jun, 2018 12:00am
US hopes for 'major' North Korea disarmament by 2020: Pompeo

US hopes for 'major' North Korea disarmament by 2020: Pompeo

The US hopes to see "major disarmament" of nuclear-armed North Korea by the end of President Donald Trump's first term in 2020, Secretary of State Mike Pompeo said Wednesday. Speaking the day after an unprecedented summit between Trump and North Korean le
Published 14 Jun, 2018 12:00am
New EU 'peace fund' could buy weapons

New EU 'peace fund' could buy weapons

The EU wants to pay for military equipment, including lethal weaponry, for partner countries in crisis zones such as Africa's Sahel region as part of a 10.5-billion euro ($12.4-billion) "peace facility" launched on Wednesday. The bloc says the new Europea
Published 14 Jun, 2018 12:00am
Iraq's Sadr announces alliance with pro-Iranian Ameri

Iraq's Sadr announces alliance with pro-Iranian Ameri

Nationalist cleric Moqtada Sadr announced on Tuesday a surprise political alliance with pro-Iranian Hadi al-Ameri in a bid to lead Iraq over the next four years. The two blocs won first and second place in the war-scarred country's May 12 parliamentary el
Published 14 Jun, 2018 12:00am
Maldives ex-leader jailed for 19 months

Maldives ex-leader jailed for 19 months

A court in the Maldives on Wednesday sentenced former strongman leader Maumoon Abdul Gayoom to 19 months in prison for obstructing an investigation into an alleged plot to oust the current president. The Criminal Court ruled that Gayoom, 80, interfered wi
Published 14 Jun, 2018 12:00am
ICC court launches fund for Central Africa victims of Bemba militia

ICC court launches fund for Central Africa victims of Bemba militia

The International Criminal Court (ICC) has launched a one-million-euro ($1.18-million) fund for victims of a militia once run by former Congolese vice president Jean-Pierre Bemba, it said on Wednesday. The fund - announced after Bemba was acquitted on war
Published 14 Jun, 2018 12:00am
Sarin, chlorine used in two attacks in Syria in 2017: OPCW

Sarin, chlorine used in two attacks in Syria in 2017: OPCW

The world's chemical weapons watchdog said Wednesday that deadly sarin and chlorine were used in two separate attacks in the village of Latamneh in northwestern Syria in late March last year. "Sarin was very likely used as a chemical weapon in the south"
Published 14 Jun, 2018 12:00am
Sri Lanka moves to compensate war victims after years of delay

Sri Lanka moves to compensate war victims after years of delay

Sri Lanka on Wednesday announced the first steps in a long-delayed process to compensate victims of the civil war, nearly a decade after the end of the conflict which claimed 100,000 lives. The government said it had approved draft legislation to set up a
Published 14 Jun, 2018 12:00am
EU countries to probe Poland over rule of law

EU countries to probe Poland over rule of law

The EU agreed Wednesday to launch hearings later this month into fears Poland is breaching the independence of its courts, officials said, as Warsaw moved closer to possible unprecedented sanctions. The European Commission, the EU's executive arm, said it
Published 14 Jun, 2018 12:00am
UK top court makes landmark ruling on 'gig economy' plumber

UK top court makes landmark ruling on 'gig economy' plumber

Britain's Supreme Court on Wednesday ruled that a plumber employed in the so-called gig economy had "worker" status in a landmark case that could have major implications for the booming sector. The country's highest court decided unanimously that Gary Smi
Published 14 Jun, 2018 12:00am
Palestinians ban protests after hundreds oppose Gaza measures

Palestinians ban protests after hundreds oppose Gaza measures

The Palestinian government has temporarily banned public protests, it announced Wednesday, ahead of a planned demonstration in the occupied West Bank opposing punitive measures against Hamas-run Gaza. Late Sunday hundreds took to the streets of Ramallah,
Published 14 Jun, 2018 12:00am
Rohingya refugees land in Myanmar as escape boat breaks up

Rohingya refugees land in Myanmar as escape boat breaks up

Scores of Rohingya refugees leaving Bangladeshi camps by boat have accidentally returned to the crisis-hit area of Myanmar they originally fled from, after their vessel broke up on the sea route south. Around one million Rohingya have fled Myanmar army cr
Published 14 Jun, 2018 12:00am
Malaysian top judges quit

Malaysian top judges quit

Malaysia's top two judges are resigning, court officials said Wednesday, the latest senior public servants to leave their posts since the former government lost power. Chief Justice Raus Sharif and appeals court president Zulkefli Ahmad Makinudin are to s
Published 14 Jun, 2018 12:00am
Merkel calls migration policy 'litmus test' for Europe's future

Merkel calls migration policy 'litmus test' for Europe's future

German Chancellor Angela Merkel said Wednesday that resolving escalating disputes over illegal migration represented a decisive test for the future of the European Union. "For me, the question how we deal with the migration problem is something of a litmu
Published 14 Jun, 2018 12:00am
Lebanese PM in Moscow to meet Putin

Lebanese PM in Moscow to meet Putin

Lebanon's prime minister-designate Saad Hariri will meet Russian President Vladimir Putin in Moscow on Wednesday, the eve of the FIFA World Cup, Hariri's office said. He will then attend the football tournament's inaugural match on Thursday, pitting Russi
Published 14 Jun, 2018 12:00am
Georgia's prime minister resigns after mass protests

Georgia's prime minister resigns after mass protests

Georgian Prime Minister Giorgi Kvirikashvili announced his resignation Wednesday after a series of mass protests highlighted a dramatic drop in his government's popularity. In a televised speech, Kvirikashvili cited "a number of fundamental disagreements
Published 14 Jun, 2018 12:00am
Indian PM trots and treads in fitness video

Indian PM trots and treads in fitness video

Narendra Modi, whose supporters boast of his physical prowess and indifference to sleep, has shared the secrets to his morning fitness regimen in a video where the Indian premier thrusts a staff, walks backwards and flexes over a boulder. Modi spruiked th
Published 14 Jun, 2018 12:00am
Germany admits will fall far short of 2020 climate target

Germany admits will fall far short of 2020 climate target

The German government acknowledged Wednesday that it will miss a 2020 target for reducing carbon dioxide emissions, but vowed to catch up "as quickly as possible". Rather than cutting emissions of the greenhouse gas by 40 percent compared with 1990 levels
Published 14 Jun, 2018 12:00am
Antarctic ice loss triples, boosting sea levels

Antarctic ice loss triples, boosting sea levels

Antarctica has lost a staggering three trillion tonnes of ice since 1992, according to a landmark study published Wednesday that suggests the frozen continent could redraw Earth's coastlines if global warming continues unchecked. Two-fifths of that ice lo
Published 14 Jun, 2018 12:00am
Gasoline leads broad increase in US producer inflation

Gasoline leads broad increase in US producer inflation

US producer prices increased more than expected in May, leading to the biggest annual gain in nearly 6-1/2 years, the latest sign of a gradual building up of inflation pressures. The report on Wednesday from the Labour Department came as Federal Reserve o
Published 14 Jun, 2018 12:00am
EU slams US olive duties as 'unacceptable'

EU slams US olive duties as 'unacceptable'

The European Union on Wednesday furiously criticised a decision by the United States to impose higher duties on Spanish olives imports, as a bitter transatlantic trade feud worsened. Brussels was responding angrily to the latest trade salvo from the Trump
Published 14 Jun, 2018 12:00am
Judge clears AT&T-Time Warner deal, rebuking Trump administration

Judge clears AT&T-Time Warner deal, rebuking Trump administration

A US federal judge approved Tuesday the $85 billion merger of wireless and broadband giant AT&T with media-entertainment conglomerate Time Warner, delivering a stinging rebuke to Donald Trump's administration in its first major antitrust court case. US Di
Published 14 Jun, 2018 12:00am
Tunisia raises interest rates by 100 bps to 6.75 percent

Tunisia raises interest rates by 100 bps to 6.75 percent

Tunisia's central bank on Wednesday raised its key interest rate by 100 basis points to 6.75 percent, the second hike in three months, to tackle inflation that has reached the highest level since 1990. The bank's last rate increase was in March, by 75 bas
Published 14 Jun, 2018 12:00am
Tunisia raises interest rates by 100 bps to 6.75 percent

Tunisia raises interest rates by 100 bps to 6.75 percent

Tunisia's central bank on Wednesday raised its key interest rate by 100 basis points to 6.75 percent, the second hike in three months, to tackle inflation that has reached the highest level since 1990. The bank's last rate increase was in March, by 75 bas
Published 14 Jun, 2018 12:00am
IMF's Lagarde praises Argentina economic reform plan
Currency

IMF's Lagarde praises Argentina economic reform plan

IMF chief Christine Lagarde on Wednesday applauded Argentina's economic reform plan proposed to secure $50 billion in financing, but made it clear it was designed in Buenos Aires, not imposed from Washington. The program, which she said paid particular at
Published 14 Jun, 2018 12:00am
Toyota investing $1 billion in Asian ride-share firm Grab

Toyota investing $1 billion in Asian ride-share firm Grab

Toyota said Wednesday it was investing $1 billion in Asia ride-share company Grab, as the Japanese automaker looks to expand beyond its core business into the "mobility" sector. Grab, which is headquartered in Singapore, is a leading player in the ride-sh
Published 14 Jun, 2018 12:00am
Fuel price jump fails to budge UK inflation from one-year low

Fuel price jump fails to budge UK inflation from one-year low

British inflation held at a one-year low in May despite a jump in fuel prices, leaving the chances of a Bank of England interest rate hike over the coming months finely balanced. Consumer price inflation remained at 2.4 percent in May, its joint lowest an
Published 14 Jun, 2018 12:00am
Qatar pledges 10,000 jobs, $500 million in investment for Jordan

Qatar pledges 10,000 jobs, $500 million in investment for Jordan

Qatar pledged Wednesday to create 10,000 jobs for Jordanians on the territory of the energy-rich Gulf state, as well as invest $500 million in the kingdom hit by anti-austerity protests. The announcement came two days after Qatar's rivals Saudi Arabia and
Published 14 Jun, 2018 12:00am
South Africa lifts state of disaster over drought

South Africa lifts state of disaster over drought

The South African government said Wednesday that the national state of disaster it declared in March over a drought that ravaged parts of the country had lapsed after significant rainfall. The three-year drought hit Cape Town particularly hard, threatenin
Published 14 Jun, 2018 12:00am
French privatisations as Macron 're-thinks' state's role

French privatisations as Macron 're-thinks' state's role

The French government has announced the first major privatisations under President Emmanuel Macron which will be used to finance a new innovation fund and pay down the country's public debt. Under a draft law unveiled late Tuesday, the government plans to
Published 14 Jun, 2018 12:00am
FTSE moves in tight range before Fed; Just Eat drops

FTSE moves in tight range before Fed; Just Eat drops

The FTSE 100 ended flat on Wednesday as a weaker pound supported export-oriented shares, helping offset a fall in Just Eat on fresh competition worries and weaker energy stocks. The index fluctuated within a tight range as investors waited for a string of
Published 14 Jun, 2018 12:00am
Most Southeast Asian stocks down

Most Southeast Asian stocks down

Most Southeast Asian stock markets fell on Wednesday ahead of the US Federal Reserve's policy decision, with Philippines losing over 2 percent and Singapore hitting a two-month low. Later in the day, the Federal Reserve is expected to hike its interest ra
Published 14 Jun, 2018 12:00am
Australian shares lower, New Zealand at all-time high

Australian shares lower, New Zealand at all-time high

Mining stocks led Australian shares lower on Wednesday ahead of the US Federal Reserve's rate decision, with investors on the lookout for any mention of the pace of hikes this year. Markets expect the Fed to raise rates for the second time in the year but
Published 14 Jun, 2018 12:00am
Inditex, Just Eat and technology stocks spice up European trading

Inditex, Just Eat and technology stocks spice up European trading

Trading in European shares was hesitant on Wednesday as investors awaited guidance from the Federal Reserve on future US interest rate rises, while Inditex rose after results and Just Eat was bruised by intensifying competition. Benchmarks barely budged,
Published 14 Jun, 2018 12:00am
China stocks lower as ZTE plunge

China stocks lower as ZTE plunge

China stocks ended lower on Wednesday, as a slump in shares of telecommunications giant ZTE Corp sent shivers through the market and on resurfaced China-US trade tensions. The blue-chip CSI300 index ended 1 percent lower at 3,788.34 points, while the Shan
Published 14 Jun, 2018 12:00am
Indian shares down

Indian shares down

Indian shares ended higher for a third straight session on Wednesday, buoyed by gains in Tata Consultancy Services Ltd after the company said it would buy back stock, while robust monthly industrial growth data lifted sentiment. Industrial output grew 4.9
Published 14 Jun, 2018 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Tuesday ahead of Wednesday's widely expected hike in interest rates by the Federal Reserve and after inflation data met economists expectations. Futures traders are pricing in a 94 percent chance the US central bank will raise r
Published 14 Jun, 2018 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Tuesday ahead of Wednesday's widely expected hike in interest rates by the Federal Reserve and after inflation data met economists expectations. Futures traders are pricing in a 94 percent chance the US central bank will raise r
Published 14 Jun, 2018 12:00am
Hong Kong stocks down

Hong Kong stocks down

Hong Kong stocks ended lower on Wednesday as a slump in shares of telecommunications giant ZTE Corp unnerved market participants, while investors braced for a Federal Reserve policy decision later in the day. The Hang Seng index closed down 1.2 percent at
Published 14 Jun, 2018 12:00am
S&P 500 ends up; Time Warner shares jump

S&P 500 ends up; Time Warner shares jump

The S&P 500 and Nasdaq ended higher on Tuesday, boosted by gains in the technology and utilities sectors, and shares of media and telecom companies jumped in extended trade after AT&T won court approval to buy Time Warner. Time Warner shares rose 4.4 perc
Published 14 Jun, 2018 12:00am
Wednesday's early trade: stocks rise as Fed decision looms

Wednesday's early trade: stocks rise as Fed decision looms

US stocks inched higher on Wednesday, as investors awaited a widely expected interest rate hike by the Federal Reserve and its guidance on the monetary policy. Media stocks were under the spotlight after a court approved AT&T's $85 billion deal to buy Tim
Published 14 Jun, 2018 12:00am
Tokyo stocks higher

Tokyo stocks higher

Tokyo stocks closed higher on Wednesday helped by a cheaper yen, as market focus shifted from Donald Trump and Kim Jong Un's summit to US and European central bank meetings. The benchmark Nikkei 225 index rose 0.38 percent, or 88.03 points, to 22,966.38,
Published 14 Jun, 2018 12:00am
Gulf stocks lose steam as investors cut position ahead holidays

Gulf stocks lose steam as investors cut position ahead holidays

Gulf stocks ended lower on Wednesday, led by losses in the Abu Dhabi market as investors cut positions amid low volumes ahead of the holidays for Eidul Fitr. Abu Dhabi stocks ended 2.1 percent lower, led by a 3.5 percent drop in First Abu Dhabi Bank as in
Published 14 Jun, 2018 12:00am
Aussie, kiwi tread water
Currency

Aussie, kiwi tread water

The Australian and New Zealand dollars remained near their lowest levels since early June on Wednesday with many investors on the sidelines before a Federal Reserve policy decision later in the day. The Aussie dollar was last down 0.1 percent at $0.7564 a
Published 14 Jun, 2018 12:00am
Sterling slips
Currency

Sterling slips

Sterling slipped to a one-week low on Wednesday as inflation data failed to bolster chances of an interest rate increase in August with markets wary about headlines on Brexit negotiations. Consumer price inflation held at an annual rate of 2.4 percent in
Published 14 Jun, 2018 12:00am
Turkish lira weakens
Currency

Turkish lira weakens

The Turkish lira weakened around 1 percent against the dollar on Wednesday as emerging market currencies came under pressure ahead of a US interest rate decision and amid ongoing concerns about political influence over Turkish monetary policy.
Published 14 Jun, 2018 12:00am
Asia currencies soften on outflow worry ahead of Fed outcome

Asia currencies soften on outflow worry ahead of Fed outcome

Asian currencies edged lower on Wednesday, ahead of the US Federal Reserve's policy decision on fears that a hawkish tone could affect regional assets and trigger more capital outflows. Beside the expected announcement of a quarter-point rate rise, invest
Published 14 Jun, 2018 12:00am
Yuan eases

Yuan eases

China's yuan eased against the dollar on Wednesday, following the central bank's weaker midpoint and a firmer greenback ahead of the US Federal Reserve's policy decision. The Fed, to conclude its two-day meeting later on Wednesday, is expected to deliver
Published 14 Jun, 2018 12:00am
Dollar rallies against basket of currencies in New York

Dollar rallies against basket of currencies in New York

The dollar rallied against a basket of currencies on Tuesday ahead of Wednesday's Federal Reserve policy decision, while the British pound whipsawed after Prime Minister Theresa May defeated a rebellion in parliament over Brexit plans. The Fed began its t
Published 14 Jun, 2018 12:00am
Dollar stays up in Europe
Currency

Dollar stays up in Europe

The dollar held firm on Wednesday and hit a three-week high against the Japanese yen before a US Federal Reserve policy announcement that investors will scan for clues on how many more rate hikes there will be this year. The Fed concludes its two-day poli
Published 14 Jun, 2018 12:00am
Dollar rises against yen, euro in Asia
Currency

Dollar rises against yen, euro in Asia

The dollar reached a three-week high against the yen and stood tall against the euro on Wednesday ahead of a Federal Reserve policy meeting that could give clues on how many more US rate hikes there will be this year. The Fed concludes its two-day policy
Published 14 Jun, 2018 12:00am
World Cup fever builds as fans, teams pour into Russia

World Cup fever builds as fans, teams pour into Russia

World Cup fever is finally taking hold in Russia, where wild enthusiasm in provincial centres such as chilly Kazan is filtering through to Moscow ahead of Thursday's opening match in the capital. While curious locals have clamoured to see the likes of Lio
Published 14 Jun, 2018 12:00am
US, Mexico and Canada win race to host 2026 World Cup

US, Mexico and Canada win race to host 2026 World Cup

The United States, Mexico and Canada will host the 2026 World Cup after a clear victory over underdogs Morocco in a vote by FIFA member nations on Wednesday. The joint North American bid received 134 of the 203 votes, while Morocco polled 65 in the ballot
Published 14 Jun, 2018 12:00am
Brazil better prepared now than in 2014: Paulinho

Brazil better prepared now than in 2014: Paulinho

Brazil midfielder Paulinho believes his side are in much better shape heading into this year's World Cup in Russia than they were as the host nation four years ago. Now 29, Paulinho was part of Luiz Felipe Scolari's side in 2014 as they were humiliated by
Published 14 Jun, 2018 12:00am
US counterspy warns World Cup travellers' devices could be hacked

US counterspy warns World Cup travellers' devices could be hacked

The top US counterintelligence official is advising Americans travelling to Russia for football's World Cup beginning this week that they should not take electronic devices because they are likely to be hacked by criminals or the Russian government.
Published 14 Jun, 2018 12:00am
Fans flock to Germany's first World Cup training session

Fans flock to Germany's first World Cup training session

Germany got down to business in the defence of their World Cup title on Wednesday with their first training session in Russia, which was open to the public. Around 400 spectators, who needed tickets to see the world champions in action, and 200 media saw
Published 14 Jun, 2018 12:00am
Mohamed Salah shrugs off injury to join Egypt training

Mohamed Salah shrugs off injury to join Egypt training

Mohamed Salah gave Egypt's World Cup hopes a huge boost Wednesday when he joined a squad training session at their Grozny base. The Pharaohs' superstar was sidelined after suffering a shoulder injury in Liverpool's Champions League final loss to Real Madr
Published 14 Jun, 2018 12:00am
Over 1,000 England hooligans blocked from Russia trip

Over 1,000 England hooligans blocked from Russia trip

Over 1,000 English football hooligans have had to hand in their passports ahead of the World Cup in Russia to prevent them from attending, diminishing fears of a repeat of the clashes with Russian rivals at the Euro 2016 finals. The British government iss
Published 14 Jun, 2018 12:00am
Slick Pakistan too strong for Scotland in T20 rout

Slick Pakistan too strong for Scotland in T20 rout

Shoaib Malik blasted a quick-fire 49 as Pakistan powered to an 84-run rout of Scotland in the second Twenty20 international on Wednesday. Malik's unbeaten innings took just 22 balls and containing five sixes and one four, setting the stage for Pakistan to
Published 14 Jun, 2018 12:00am
Lopetegui sacked by Spain on eve of World Cup

Lopetegui sacked by Spain on eve of World Cup

Spain dramatically sacked coach Julen Lopetegui on Wednesday and appointed federation sporting director Fernando Hierro - just two days before the team's opening game at the World Cup. In a surprise announcement on Tuesday, Real Madrid appointed Lopetegui
Published 14 Jun, 2018 12:00am
Federer battles to victory on Stuttgart return

Federer battles to victory on Stuttgart return

Roger Federer was made to battle after a losing first set as the Swiss star made his long-awaited return to tennis on Wednesday with a 3-6, 6-4, 6-2 defeat of Mischa Zverev at the Stuttgart Cup. The world number two shook off the rust against his German o
Published 14 Jun, 2018 12:00am
Nadal to miss Wimbledon warm-up

Nadal to miss Wimbledon warm-up

Rafael Nadal has withdrawn from next week's Wimbledon warm-up event at Queen's Club as the world number one takes a break following his latest French Open triumph. Nadal crushed Dominic Thiem to clinch his 11th French Open title on Sunday, but the Spaniar
Published 14 Jun, 2018 12:00am
New Zealand cricket legend Hadlee has cancer surgery

New Zealand cricket legend Hadlee has cancer surgery

New Zealand cricketing great Richard Hadlee has undergone surgery for bowel cancer but is expected to make a full recovery, his wife Dianne said Wednesday. "Last month, Richard had a routine, three-year colonoscopy, and we discovered that he has bowel can
Published 14 Jun, 2018 12:00am
WPP seeks to soothe investors over CEO exit

WPP seeks to soothe investors over CEO exit

British advertising bellwether WPP sought Wednesday to reassure investors over the recent controversial exit of chief executive Martin Sorrell. Chairman Roberto Quarta, addressing the company's annual general meeting in central London, also moved to allay
Published 14 Jun, 2018 12:00am
Pipeline shortage plugs Canada oil investments

Pipeline shortage plugs Canada oil investments

Investment in the Canadian oil sector declined for a fourth consecutive year in 2017 because of "eroding investor confidence," oil producers said Tuesday. The Canadian Association of Petroleum Producers in its annual report attributed this to a failure to
Published 14 Jun, 2018 12:00am
US accuses Fiat Chrysler, union of conspiring to break labour laws

US accuses Fiat Chrysler, union of conspiring to break labour laws

Top officials of Fiat Chrysler Automobiles NV and the United Auto Workers (UAW) union conspired to violate US labour laws, federal prosecutors alleged in a court document, saying a former executive at the automaker knew bribes paid to union leaders were d
Published 14 Jun, 2018 12:00am
Italy, trade worries bite into German growth forecast

Italy, trade worries bite into German growth forecast

The DIW economic institute has slashed its growth forecast for Germany due to an unexpectedly weak start to 2018 and risks from abroad including concerns about Italy's new government and the escalating trade conflict with the United States.
Published 14 Jun, 2018 12:00am
Hong Kong consortium makes $9.8 billion bid for Australia's APA

Hong Kong consortium makes $9.8 billion bid for Australia's APA

A consortium led by Hong Kong's CK Infrastructure Holdings made an unsolicited Aus$13 billion (US$9.8 billion) bid for gas pipeline company APA Wednesday, with the Australian firm agreeing to open its books. APA's assets include gas transmission pipelines
Published 14 Jun, 2018 12:00am
Drop in eurozone factory output puts ECB in a quandary

Drop in eurozone factory output puts ECB in a quandary

Industrial production in the 19 countries sharing the euro fell by more than expected in April, data showed on Wednesday, providing further evidence that the bloc's economy is slowing before a European Central Bank meeting.
Published 14 Jun, 2018 12:00am
Australia agrees Solomons internet cable after China concern

Australia agrees Solomons internet cable after China concern

Australia will help fund and build an underseas communications cable to the Solomon Islands, it was agreed Wednesday, after the Pacific nation was convinced to drop a contract with Chinese company Huawei. The impoverished country and Huawei inked a deal i
Published 14 Jun, 2018 12:00am
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