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Archive - 2018-06-22
Pervez Musharraf resigns as APML chief
Pakistan Top News

Pervez Musharraf resigns as APML chief

Former President General (retd) Pervez Musharraf resigned on Friday as chairman of All Pakistan Muslim League (APML)
Updated 23 Jun, 2018 09:36am
SBP issues updated foreign exchange manual
Pakistan Top News

SBP issues updated foreign exchange manual

KARACHI: State Bank of Pakistan (SBP) on Friday issued an updated Foreign Exchange Manual for the benefit of stakeho
Published 22 Jun, 2018 05:36pm
Oil prices rise as OPEC meets
Energy

Oil prices rise as OPEC meets

LONDON: Oil prices rose more than 1 percent on Friday as OPEC tried to agree a deal to increase output to compensate
Published 22 Jun, 2018 01:25pm
PM meets trainee Judicial Officers
Pakistan Top News

PM meets trainee Judicial Officers

ISLAMABAD: A batch of 41 under-training (Pre-Service) Civil Judges/Judicial Magistrates from Khyber Pakhtunkhwa Judicial
Published 22 Jun, 2018 10:11am
Missed FDI goals!
Banking

Missed FDI goals!

Pakistan’s FDI numbers have not been pretty. And in latest news they are getting even worse. By April 2018, the growth i
Published 22 Jun, 2018 07:42am
Doomsday scenarios!
Banking

Doomsday scenarios!

It's a domino effect. The economy was operating on the edge anyways; and now things are slipping fast in the wrong direc
Published 22 Jun, 2018 07:36am
More crop per drop!
Miscellaneous

More crop per drop!

‘Pakistan is expected to run dry by 2025!’, warned Pakistan Council of Research in Water Resources (PCRWR) last year. Si
Published 22 Jun, 2018 07:32am
Autos on autopilot
Automobile

Autos on autopilot

Blame it on the month of Ramadan where business activity is often lethargic that passenger car sales between April and M
Published 22 Jun, 2018 07:26am
Melania Trump makes surprise visit to US-Mexico border

Melania Trump makes surprise visit to US-Mexico border

First Lady Melania Trump made a surprise visit to the US-Mexican border Thursday, as her husband's administration seeks to quell a firestorm over migrant family separations. President Donald Trump first announced the trip by his wife, who was touring a no
Published 22 Jun, 2018 12:00am
Melania Trump makes surprise visit to US-Mexico border

Melania Trump makes surprise visit to US-Mexico border

First Lady Melania Trump made a surprise visit to the US-Mexican border Thursday, as her husband's administration seeks to quell a firestorm over migrant family separations. President Donald Trump first announced the trip by his wife, who was touring a no
Published 22 Jun, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (June 21, 2018)

Published 22 Jun, 2018 12:00am
Unannounced loadshedding: KE, HESCO asked to submit undertakings

Unannounced loadshedding: KE, HESCO asked to submit undertakings

Supreme Court (SC) on Thursday directed K-Electric (KE) and Hyderabad Electric Supply Company (HESCO) to submit undertakings on unannounced loadshedding in one week. The bench of apex court headed by Chief Justice of Pakistan (CJP) Mian Saqib Nisar at Kar
Published 22 Jun, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (June 21, 2018).

Published 22 Jun, 2018 12:00am
Unannounced loadshedding: KE, HESCO asked to submit undertakings

Unannounced loadshedding: KE, HESCO asked to submit undertakings

Supreme Court (SC) on Thursday directed K-Electric (KE) and Hyderabad Electric Supply Company (HESCO) to submit undertakings on unannounced loadshedding in one week. The bench of apex court headed by Chief Justice of Pakistan (CJP) Mian Saqib Nisar at Kar
Published 22 Jun, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 22 Jun, 2018 12:00am
Sharif's counsel rejects entire JIT report

Sharif's counsel rejects entire JIT report

The lead counsel for former Prime Minister Nawaz Sharif on Thursday said that a miscellaneous application, which was filed in the Supreme Court in relation to purchase and possession of London flats, has no connection with his client.
Published 22 Jun, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 22 Jun, 2018 12:00am
Sharif's counsel rejects entire JIT report

Sharif's counsel rejects entire JIT report

The lead counsel for former Prime Minister Nawaz Sharif on Thursday said that a miscellaneous application, which was filed in the Supreme Court in relation to purchase and possession of London flats, has no connection with his client.
Published 22 Jun, 2018 12:00am
The Weather

The Weather

The weather report on Thursday (June 21, 2018) and the forecast for Friday (June 22, 2018).

Published 22 Jun, 2018 12:00am
Nawaz's petition: IHC reserves judgement

Nawaz's petition: IHC reserves judgement

The Islamabad High Court (IHC) on Thursday reserved the judgement on Nawaz Sharif's petition for directions to the Accountability Court to club together the arguments on all the three references filed against him. A division bench comprising Justice Aamer
Published 22 Jun, 2018 12:00am
Nawaz's petition: IHC reserves judgement

Nawaz's petition: IHC reserves judgement

The Islamabad High Court (IHC) on Thursday reserved the judgement on Nawaz Sharif's petition for directions to the Accountability Court to club together the arguments on all the three references filed against him. A division bench comprising Justice Aamer
Published 22 Jun, 2018 12:00am
Deutsche Telekom says will slash 10,000 jobs at subsidiary
Currency

Deutsche Telekom says will slash 10,000 jobs at subsidiary

Deutsche Telekom said Thursday it would slash 10,000 jobs worldwide at its loss-making IT services subsidiary in the next three years as it seeks 600 million euros ($696 million) in savings. Six thousand of the axed posts at the subsidiary T-Systems will
Published 22 Jun, 2018 12:00am
Deutsche Telekom says will slash 10,000 jobs at subsidiary
Currency

Deutsche Telekom says will slash 10,000 jobs at subsidiary

Deutsche Telekom said Thursday it would slash 10,000 jobs worldwide at its loss-making IT services subsidiary in the next three years as it seeks 600 million euros ($696 million) in savings. Six thousand of the axed posts at the subsidiary T-Systems will
Published 22 Jun, 2018 12:00am
Deutsche Telekom says will slash 10,000 jobs at subsidiary
Currency

Deutsche Telekom says will slash 10,000 jobs at subsidiary

Deutsche Telekom said Thursday it would slash 10,000 jobs worldwide at its loss-making IT services subsidiary in the next three years as it seeks 600 million euros ($696 million) in savings. Six thousand of the axed posts at the subsidiary T-Systems will
Published 22 Jun, 2018 12:00am
India, top buyer of US almonds, hits back with higher duties

India, top buyer of US almonds, hits back with higher duties

India, the world's biggest buyer of US almonds, raised import duties on the commodity by 20 percent, a government order said, joining the European Union and China in retaliating against President Donald Trump's tariff hikes on steel and aluminium.
Published 22 Jun, 2018 12:00am
Fragile state of country's economy
Currency

Fragile state of country's economy

Moody's decision to downgrade Pakistan's rating from stable to negative B3 was anticipated given that these ratings are largely determined by a country's external account position. Since the last fiscal year, Pakistan has been experiencing a constantly de
Published 22 Jun, 2018 12:00am
PTI workers' 'revolt'

PTI workers' 'revolt'

The PTI angry workers from Punjab and Khyber Pakhtunkhwa have been staging a sit-in at party leader Imran Khan's Bani Gala residence since the party's announcement of tickets for the upcoming general elections. Their complaint is that committed workers wh
Published 22 Jun, 2018 12:00am
Reforms we need

Reforms we need

For years, we have been doing everything in our power to erode the state in every way. The rich and powerful have habitually used the state to obtain easy riches. Learning from them, state functionaries-civil service, army and the judiciary-developed perk
Published 22 Jun, 2018 12:00am
Abraaj fights back

Abraaj fights back

The allegations of mishandling investors' funds against Abraaj, a firm that has grown to become one of the most trusted private equity names and one of the developing world's most influential investors, shocked investors and financial institutions trigger
Published 22 Jun, 2018 12:00am
Dr Waqar Masood Khan deserves praise

Dr Waqar Masood Khan deserves praise

The best thing about Dr Waqar Masood Khan, a former Secretary of Ministry of Finance, is perhaps his sincerity of purpose that has found its best expression from the headline of his op-ed for Business Recorder: "Fiscal deficit remains main threat to econo
Published 22 Jun, 2018 12:00am
Karachiites urged not to uproot any tree on rumours

Karachiites urged not to uproot any tree on rumours

Scientists and senior journalists have urged the citizens not to root out any plant or tree in the city on the basis of rumours about their positive or negative effects and let scientists to decide which plant or tree is environment-friendly and which is
Published 22 Jun, 2018 12:00am
UAF entrance test on June 24

UAF entrance test on June 24

The University of Agriculture Faisalabad (UAF) is holding first entrance test for the admission to undergraduate programmes for academic year 2018-19 on June 24 (Sunday). The applicants are advised to reach examination centres well before time of the comm
Published 22 Jun, 2018 12:00am
IHC summons MoD official

IHC summons MoD official

The Islamabad High Court on Thursday summoned joint secretary, Ministry of Defense (MoD), on the issue of removal of Zulfi Bukhari's name from the Exit Control List (ECL) and usage of Noor Khan Airbase for facilitating the departure of a private person th
Published 22 Jun, 2018 12:00am
Caretaker government to ensure free, fair polls: minister

Caretaker government to ensure free, fair polls: minister

Caretaker Federal Minister for Information and Broadcasting Syed Ali Zafar Thursday said that caretaker government will ensure holdingg of general election on time Talking to media persons here, the minister said that it is constitutional obligation and d
Published 22 Jun, 2018 12:00am
Nawaz using tactics to delay judicial verdict: Aitzaz

Nawaz using tactics to delay judicial verdict: Aitzaz

Pakistan Peoples Party (PPP) leader Aitzaz Ahsan on Thursday has said that ex-prime minister Nawaz Sharif is using tactics to delay judicial verdict against him in National Accountability Bureau (NAB) references. Aitzaz Ahsan said that Harley Street Clini
Published 22 Jun, 2018 12:00am
AGs termination: LHC summons additional AG today

AGs termination: LHC summons additional AG today

The Lahore High Court on Thursday directed an additional advocate general to appear today (Friday) and explain, whether provincial caretaker government had the mandate to remove law officers appointed by the former government. The court was hearing a peti
Published 22 Jun, 2018 12:00am
Imran's papers rejection: Appellate Tribunal summons RO today

Imran's papers rejection: Appellate Tribunal summons RO today

The Appellate Tribunal of Islamabad High Court on Thursday ordered the retuning officer to appear before it in-person today (Friday) along with the record pertaining to rejection of Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan's nomination papers fr
Published 22 Jun, 2018 12:00am
Contempt of court case: Talal exempted from appearance on next hearing

Contempt of court case: Talal exempted from appearance on next hearing

The Supreme Court on Thursday exempted former State Minister for Interior Talal Chaudhry from appearance on the next date of hearing in court contempt case. A three-judge bench, headed by Justice Gulzar Ahmed, heard contempt of court case against the Musl
Published 22 Jun, 2018 12:00am
Fata, Pata's merger with KP termed a milestone

Fata, Pata's merger with KP termed a milestone

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said merger of FATA and PATA with Khyber Pukhtunkhwa province is an important historical decision which will positively impact the region and will create various opportu
Published 22 Jun, 2018 12:00am
Askari releases Rs 74 million for treatment of deserving patients

Askari releases Rs 74 million for treatment of deserving patients

Caretaker Punjab Chief Minister Dr Hasan Askari has approved the release of additional funds of Rs 74.4 million for the treatment of deserving patients. This amount will be utilized for free treatment of deserving patients suffering from fatal diseases in
Published 22 Jun, 2018 12:00am
Water scarcity: Plea to declare Sindh calamity-hit province

Water scarcity: Plea to declare Sindh calamity-hit province

President Sindh Abadgar Ittehad (SAI), Nawab Zubair Talpur has demanded the government to declare Sindh as calamity-hit province with waving off all kinds of agriculture related taxes so that the growers could take sigh of relief.
Published 22 Jun, 2018 12:00am
Hot, dry weather forecast for most parts of country

Hot, dry weather forecast for most parts of country

Rain-thunderstorm with gusty winds is likely to batter upper parts of the country in the next 24 hours, the Met Office said on Thursday. It said that Malakand, Hazara, Peshawar, Kohat, Bannu, Rawalpindi, Gujranwala, Lahore, Sargodha and Faisalabad Divisio
Published 22 Jun, 2018 12:00am
Gunvor edges rivals in six-cargo LNG tender

Gunvor edges rivals in six-cargo LNG tender

Gunvor submitted the most competitive offers for five of six liquefied natural gas (LNG) cargoes sought by Pakistan LNG for delivery in July and August via a tender, according to a commercial evaluation document.
Published 22 Jun, 2018 12:00am
CM asks KE to refrain from unannounced load-shedding

CM asks KE to refrain from unannounced load-shedding

Expressing dissatisfaction over electricity supply situation, the caretaker Sindh Chief Minister Fazul-ur-Rehman on Thursday asked K-Electric not to carryout unannounced loadshedding in the metropolis. He issued these directives, pressing over a joint mee
Published 22 Jun, 2018 12:00am
PBC urges government to hold polls in Fata on July 25

PBC urges government to hold polls in Fata on July 25

Pakistan Bar Council (PBC) has demanded the Election Commission of Pakistan and caretaker federal government to ensure all possible steps for holding fair and free election in Fata on July 25, 2018 in a larger national interest.
Published 22 Jun, 2018 12:00am
Abid Sattar named Askari Bank's president

Abid Sattar named Askari Bank's president

The Board of Directors of Askari Bank Limited has appointed Abid Sattar as President & Chief Executive of Askari Bank, subject to approval of the fit and proper test (FPT) by the State Bank of Pakistan.
Published 22 Jun, 2018 12:00am
Yusufi laid to rest

Yusufi laid to rest

Known satirist, Mushtaq Ahmad Yusufi who breathed his last Wednesday was laid to rest at a local graveyard amidst presence of hundreds of his followers, friends and family members. Mayor of Karachi, Wasim Akhter represented the citizens of the metropolis
Published 22 Jun, 2018 12:00am
Seafood export shoots up to $423.996 million

Seafood export shoots up to $423.996 million

The country's seafood export shot up to $423.996 million in July-May 2017-18, up by 16.33 percent, official figures say. Increase in fisheries export comes to the tune of $59.515 million in July-May 2017-18 from $364.481 million in July-May 2016-17, Pakis
Published 22 Jun, 2018 12:00am
President returns home

President returns home

President Mamnoon Hussain returned here Thursday on completion of his four-day official visit to Tajikistan. During the visit, the President met with Tajik leadership and discussed ways to further strengthen the bilateral ties in diverse areas. He also ad
Published 22 Jun, 2018 12:00am
Rs 910 million: FED recovered from SAI

Rs 910 million: FED recovered from SAI

Large Taxpayers Unit (LTU) Karachi has recovered Federal Excise Duty (FED) amounting to Rs 910 million from M/s Shaheen Air International (SAI) Ltd, it is learnt.
Published 22 Jun, 2018 12:00am
PTCL achieves two ISO certifications

PTCL achieves two ISO certifications

Pakistan Telecommunication Company Limited (PTCL) has become the country's first telecom operator to achieve two ISO certifications in parallel for its cloud services 'Infrastructure-as-a-Service' (IaaS) offering. These are ISO/IEC 27001:2013 and ISO/IEC
Published 22 Jun, 2018 12:00am
Condolence

Condolence

Hameed Haroon, President and Sarmad Ali, Secretary General of the All Pakistan Newspapers Society have expressed profound grief on behalf of APNS Office Bearers and members of the Executive Committee over the sad demise of the mother of Sher Muhammad Khuh
Published 22 Jun, 2018 12:00am
Walls inscribed with ads demolished: SC told

Walls inscribed with ads demolished: SC told

The Supreme Court (SC) on Thursday ordered to remove advertisements from the walls built for defence purposes in Karachi as the apex court disposed of all the applications about walls with ads in the city.
Published 22 Jun, 2018 12:00am
Sharjeel Memon owns assets worth millions

Sharjeel Memon owns assets worth millions

Former Sindh information minister Sharjeel Memon, who is under trial for corruption, owns millions in properties and cash. The Pakistan Peoples Party (PPP) leader who will be contesting elections from PS-63 (Hyderabad), in documents submitted to the Elect
Published 22 Jun, 2018 12:00am
LLB programme: date of exam form submission extended

LLB programme: date of exam form submission extended

The Controller of Examinations (Semester), University of Sindh, Jamshoro has announced for information of all eligible candidates of 5-year LLB (Hons) Programme at all SU affiliated public and private colleges for semester examinations that the date for s
Published 22 Jun, 2018 12:00am
CM visits Election Complaint Cell

CM visits Election Complaint Cell

Caretaker Sindh Chief Minister Fazul-ur-Rehman on Thursday visited Election Complaint Cell established at the CM House and issued directives to the concerned staff for computerization of the complaints record and their redressing on top priority basis.
Published 22 Jun, 2018 12:00am
PML-N issues tickets to 53 candidates for KP PA

PML-N issues tickets to 53 candidates for KP PA

The parliamentary board of PML-N issued tickets to 53 candidates of the party for the provincial assembly constituencies from Khyber Pakhtunkhwa while candidates for the remaining 46 constituencies will be announced in two or three days. According to the
Published 22 Jun, 2018 12:00am
Minister exhorts officials to perform duties diligently

Minister exhorts officials to perform duties diligently

Caretaker Punjab Agriculture, Food and Planning & Development Minister Sardar Tanvir Ilyas Khan has directed the officers to discharge official duties with honesty, diligence and efficiently, and the doors of public offices should remain open for the redr
Published 22 Jun, 2018 12:00am
NH&MP recovers Rs 1619,315 during Eid holidays

NH&MP recovers Rs 1619,315 during Eid holidays

The National Highways and Motorway Police, Central Zone, has claimed to have recovered an estimated overcharged amount of Rs 1619,315 from different transport owners during the three days of Eid. This was stated by DIG Ahmad Arslan Malik during a surprise
Published 22 Jun, 2018 12:00am
Code of conduct: ECP initiates action against flouters

Code of conduct: ECP initiates action against flouters

Election Commission of Pakistan (ECP) monitoring teams has started taking action against the violators of the Code of Conduct to ensure holding of General Election-2018 in a free, fair and transparent manner. "The ECP teams have started removing posters a
Published 22 Jun, 2018 12:00am
Tax amnesty scheme: FBR team visits chambers, tax bars

Tax amnesty scheme: FBR team visits chambers, tax bars

The Federal Board of Revenue (FBR) team headed by the chairman is travelling to various cities to visit chambers and tax bars for promoting the tax amnesty scheme. The government has announced two tax amnesty schemes, namely Voluntary Declaration of Domes
Published 22 Jun, 2018 12:00am
'Steps taken to protect Afghan refugees in Pakistan'

'Steps taken to protect Afghan refugees in Pakistan'

The United Nations Refugee Agency (UNHCR), the Ministry of States and Frontier Regions (SAFRON) and GIZ (German Development Cooperation) has marked World Refugee Day and expressed solidarity with 68.5 million people who had been displaced across the world
Published 22 Jun, 2018 12:00am
Minister stresses need for sustainable livestock growth

Minister stresses need for sustainable livestock growth

Punjab Caretaker Minister for Livestock, Labour, Human Resource and Transport Mian Nauman Kabir has said that short-term but concrete measures are being taken to surmount the major issues to ensure sustainable growth of livestock, human resource and trans
Published 22 Jun, 2018 12:00am
Devastating quake of 2005 gave birth to NDMA: Lieutenant General Hayat

Devastating quake of 2005 gave birth to NDMA: Lieutenant General Hayat

Chairman National Disaster Management Authority (NDMA), Lieutenant General Omar Mahmood Hayat has said that Pakistan appreciates goodwill gestures of assistance extended by global community as well as friendly and neighbouring countries during past disast
Published 22 Jun, 2018 12:00am
FBR chief urges businessmen to take advantage of amnesty scheme

FBR chief urges businessmen to take advantage of amnesty scheme

Chairman Federal Board of Revenue (FBR) Tariq Mahmood Pasha on Thursday said that tax amnesty scheme is for the business community who should take full advantage of it as keeping undeclared assets in Pakistan and abroad is becoming increasingly difficult.
Published 22 Jun, 2018 12:00am
CPEC projects: 'China to continue all possible support to Pakistan'

CPEC projects: 'China to continue all possible support to Pakistan'

President All China Journalists Association Zhang Yannong said that China will continue to provide all possible support to Pakistan for smooth functioning of CPEC. The government of China attaches high importance to CPEC, and wishes its smooth implementat
Published 22 Jun, 2018 12:00am
Four UET deans appointed

Four UET deans appointed

The Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra who is also the Chancellor of UET, Peshawar has appointed four senior most professors as Deans for the faculties of UET Peshawar.
Published 22 Jun, 2018 12:00am
Tirah IDPs demand compensation for losses before repatriation

Tirah IDPs demand compensation for losses before repatriation

The Internally Displaced Persons (IDPs), belonging from Mehrban Kalay, area of Tirah valley of Khyber Agency have demanded of the federal government to announce compensation package for rebuilding of the damaged of markets, shops, houses and other basic i
Published 22 Jun, 2018 12:00am
Azerbaijan to boost economic ties: envoy

Azerbaijan to boost economic ties: envoy

Ali Fikrat Oglu Alizada, the Ambassador of Azerbaijan to Pakistan paid a courtesy call on the Prime Minister, former Justice Nasir-ul-Mulk on Thursday at the Prime Minister's Office.
Published 22 Jun, 2018 12:00am
Use of blue cans for honey storage banned

Use of blue cans for honey storage banned

Khyber Pakhtunkhwa Food Safety and Halal Food Authority has imposed ban on use of blue cans for honey storage. In the regard, the authority has issued notification here on Thursday.
Published 22 Jun, 2018 12:00am
OGDCL's clarification

OGDCL's clarification

The allegations levelled by Chaudhry Muhammad Akram regarding affairs and operations of OGDCL, it has become expedient and necessary to place on record factual position to avoid unnecessary confusion, defamation and loss to the share holders of OGDCL and
Published 22 Jun, 2018 12:00am
Minister reviews uplift projects under CPEC in KP

Minister reviews uplift projects under CPEC in KP

Khyber Pakhtunkhwa Caretaker Minister for Planning & Development Department Abdur Rauf Khattak chaired a meeting regarding the developmental projects taking place in Khyber Pakhtunkhwa under China-Pakistan Economic Corridor (CPEC).
Published 22 Jun, 2018 12:00am
Pak-Austria for initiating joint academic linkages

Pak-Austria for initiating joint academic linkages

Pakistan and Austria on Thursday stressed the need for initiating joint academic and research linkages to promote education sector. This was decided during a meeting held here in which Dr Brigitta BLAHA, Ambassador of Austria to Pakistan was called on Pro
Published 22 Jun, 2018 12:00am
NAB orders verification of complaint against Sharjeel

NAB orders verification of complaint against Sharjeel

Chairman NAB former Justice Javed Iqbal has ordered DG NAB Karachi to conduct complaint verification against former Minister Sindh Sharjeel Memon for allegedly having assets beyond known sources of income. The NAB chairman has ordered DG NAB Rawalpindi to
Published 22 Jun, 2018 12:00am
Army reinforcements roll into Yemen's embattled Hodeida

Army reinforcements roll into Yemen's embattled Hodeida

Reinforcements rolled into Yemen's Hodeida Thursday as the army and its regional allies set their sights on the city's port held by rebels who have vowed to fight to the end. Military sources said the army, backed by troops from the United Arab Emirates,
Published 22 Jun, 2018 12:00am
New Zealand Prime Minister gives birth to baby girl

New Zealand Prime Minister gives birth to baby girl

New Zealand Prime Minister Jacinda Ardern gave birth to a baby girl in an Auckland hospital Thursday, becoming only the second world leader to do so while in office. It was the first child for the 37-year-old and her 40-year-old partner Clarke Gayford, wi
Published 22 Jun, 2018 12:00am
Nationalist 'disease' spreading in Europe: Macron

Nationalist 'disease' spreading in Europe: Macron

French President Emmanuel Macron on Thursday likened rising nationalism and anti-migrant sentiment in Europe to a kind of "disease". On a visit to Brittany three days before a meeting of European leaders to try resolve the continent's migrant crisis Macro
Published 22 Jun, 2018 12:00am
German, Swedish MPs say banned from Turkey vote observer mission

German, Swedish MPs say banned from Turkey vote observer mission

Two lawmakers from Germany and Sweden said Thursday that Turkey had blocked them as international OSCE observers of key weekend elections. President Recep Tayyip Erdogan and his Justice and Development Party (AKP) go into parliamentary and presidential po
Published 22 Jun, 2018 12:00am
Libya strongman's forces say key oil ports recaptured

Libya strongman's forces say key oil ports recaptured

A force led by Libyan military strongman Khalifa Haftar said Thursday it had recaptured two key oil ports, a week after they were seized by a rival militia in a blow to crucial exports.
Published 22 Jun, 2018 12:00am
'Tax Amnesty Scheme major step to stabilise economy'

'Tax Amnesty Scheme major step to stabilise economy'

Regional Commissioner Inland Revenue Faisalabad, Chaudhary Muhammad Tariq said that Tax Amnesty Scheme (TAS) is a major step to stabilize national economy in the wake of dwindling foreign exchange reserves and declining exports.
Published 22 Jun, 2018 12:00am
Delegations of officers meet minister

Delegations of officers meet minister

Several delegations of officers from various departments called on Caretaker Provincial Minister for Agriculture, Food and Planning & Development Sardar Tanvir Ilyas Khan in his office, here Thursday and greeted him for holding portfolio of the provincial
Published 22 Jun, 2018 12:00am
Saad slams Imran for taking U-turn on important issues

Saad slams Imran for taking U-turn on important issues

Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Saad Rafique has criticised the Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan over what he called unfair allotment of party tickets and taking u-turn on important issues. While addressing a gatherin
Published 22 Jun, 2018 12:00am
Lahore not your father's fiefdom, Zaeem tells Hamza

Lahore not your father's fiefdom, Zaeem tells Hamza

The Pakistan Muslim League-Nawaz (PML-N) also faced differences within the party as one of close associates and former provincial minister Zaeem Hussain Qadri Thursday slammed Hamza Shahbaz, saying "Lahore is not his and his father's property."
Published 22 Jun, 2018 12:00am
Minister lauds roll of business community

Minister lauds roll of business community

Caretaker Punjab Minister for Labour and Livestock Mian Nouman Kabir has said that the business community plays a pivotal role in the economy uplift and all-out measures will be taken for solving the problems of the business community. Measures would be t
Published 22 Jun, 2018 12:00am
Askari vows to protect rights of labourers

Askari vows to protect rights of labourers

Caretaker Punjab Chief Minister Dr Hasan Askari on Thursday said that protection of rights of labourers and industrial workers will be ensured across the province while provision of healthcare and educational facilities to them is among priorities of the
Published 22 Jun, 2018 12:00am
Expert stresses need for dengue surveillance

Expert stresses need for dengue surveillance

Dengue disease is moving from urban areas to suburban localities, hence, scope of dengue surveillance is needed to be further extended by district administrations in the province of Punjab. This was revealed by Dengue Experts Advisory Group (DEAG) chairma
Published 22 Jun, 2018 12:00am
SBP urged to promote concept of boutique banks

SBP urged to promote concept of boutique banks

Shaukat Tarin, Advisor to the Chairman of Silk Bank, has said that the central banks nurture boutique banks all over the world and the State Bank of Pakistan (SBP) should follow the suit for promotion of this concept in Pakistan.
Published 22 Jun, 2018 12:00am
PP-184, Okara: election tribunal allows Ali Gillani to contest polls

PP-184, Okara: election tribunal allows Ali Gillani to contest polls

An election tribunal on Thursday allowed former provisional education minister Syed Ali Raza Gillani to contest election from PP-184, Okara. The returning officer had rejected the nomination papers of Gillani entertaining an objection that he concealed hi
Published 22 Jun, 2018 12:00am
Amnesty scheme: why it should be availed?
Currency

Amnesty scheme: why it should be availed?

This writer has written numerous articles in the last two years on the matter of undisclosed foreign assets of Pakistani citizens. Now an Act to this effect has been passed by the parliament and such declaration are to be made by June 30, 2018. There are
Published 22 Jun, 2018 12:00am
US MIDDAY: gold rises
Currency

US MIDDAY: gold rises

The price of gold rose slightly on Thursday, lifted off an early six-month low as the US dollar fell from an 11-month high, with traders saying they heard Russia had bid for bullion. Spot gold was up 0.2 percent at $1,265.4 an ounce at 1501 GMT but off a
Published 22 Jun, 2018 12:00am
US MIDDAY: wheat jumps
Currency

US MIDDAY: wheat jumps

US wheat futures climbed for a second straight day on Thursday on bargain buying following the market's recent drop and on a weather-reduced wheat crop in Russia, the world's top exporter. Corn followed wheat higher, underpinned by concerns that heavy rai
Published 22 Jun, 2018 12:00am
Gold sinks in Europe
Currency

Gold sinks in Europe

Gold prices sank to six-month lows on Thursday as investors sold holdings in the physical market and the dollar climbed due to expectations of higher interest rates in the United States. Spot gold was down 0.2 percent at $1,265.4 an ounce at 1501 GMT but
Published 22 Jun, 2018 12:00am
Gold drops in Asia

Gold drops in Asia

Gold prices posted a six-month low on Thursday, weighed down by a firm dollar and as the US Federal Reserve Chair kept its outlook for higher interest rates. Spot gold fell 0.4 percent to $1,262.88 an ounce by 0637 GMT. It hit its lowest since December 20
Published 22 Jun, 2018 12:00am
Gold lower in New York

Gold lower in New York

Gold prices dropped, remaining near a six-month low on Wednesday as the US dollar hovered around 11 month peaks but was offset by festering global trade tensions, while platinum hit a 2-1/2-year trough. Rising US interest rates also pressured bullion.
Published 22 Jun, 2018 12:00am
London cocoa falls from 3-week high, sugar steadies

London cocoa falls from 3-week high, sugar steadies

Cocoa futures on ICE dipped on Thursday, with the London market falling from a three-week high on pressure from forecasts for much-needed rain in top producer Ivory Coast's growing regions, while sugar and coffee were little changed. September London coco
Published 22 Jun, 2018 12:00am
Palm oil sees fourth day of falls
Vegetable Oil

Palm oil sees fourth day of falls

Malaysian palm oil futures fell for a fourth straight day on Thursday, hitting a two-year low, as weak sentiment persisted due to concerns about a trade war between China and the United States and on losses in US soyaoil.
Published 22 Jun, 2018 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures ended weaker on Thursday, tracking lower oil prices, despite the gains in Shanghai market after concerns over China-US trade issues appeared to recede. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber
Published 22 Jun, 2018 12:00am
Oil falls as Opec struggles for deal to raise output

Oil falls as Opec struggles for deal to raise output

Global benchmark Brent crude fell more than 2 percent on Thursday ahead of a meeting of the Organization of the Petroleum Exporting Countries, where producers were expected to boost output to stabilise prices. Opec, however, was struggling to agree on rai
Published 22 Jun, 2018 12:00am
Cotton up in tight range trade
Cotton

Cotton up in tight range trade

ICE cotton futures settled up in narrow range trading on Thursday, as investors remained cautious after a sharp selloff earlier in the week amid worries of a trade war between the United States and China - the world's biggest cotton exporter and top consu
Published 22 Jun, 2018 12:00am
Copper holds near three-week low

Copper holds near three-week low

Copper prices steadied near three-week lows on Thursday as investors kept a wary eye on a trade dispute between Washington and Beijing that could reduce demand for metals in China, the world's largest consumer.
Published 22 Jun, 2018 12:00am
Shanghai copper surges

Shanghai copper surges

Shanghai Futures Exchange, the most-traded August copper contract gained 0.2 percent to 51,930 yuan ($8,011) a tonne on Thursday after China said it was eyeing cuts in banks' reserve requirement ratios (RRR) and other measures to spur economic growth, whi
Published 22 Jun, 2018 12:00am
Despite rows, EU-US defence ties still strong: Nato chief

Despite rows, EU-US defence ties still strong: Nato chief

Nato Secretary General Jens Stoltenberg on Thursday acknowledged "real" disagreements between Europe and the United States but insisted the trans-Atlantic bond on defence and security remained strong. "These disagreements are real. It is not written in st
Published 22 Jun, 2018 12:00am
Democracy in decline around the world, including US

Democracy in decline around the world, including US

A third of the world's population resides in countries where democracy is in retreat, including India, Turkey, Brazil, Poland, Russia and the United States, researchers reported Thursday. "While most people in the world still live in democracies in 2017,
Published 22 Jun, 2018 12:00am
Netanyahu's wife charged with $100,000 food delivery fraud

Netanyahu's wife charged with $100,000 food delivery fraud

Israeli Prime Minister Benjamin Netanyahu's wife Sara was charged Thursday with fraud and breach of trust after a lengthy probe into allegations she misused state funds to claim for delivery meals costing $100,000.
Published 22 Jun, 2018 12:00am
Migrants use World Cup Fan IDs to try to enter EU

Migrants use World Cup Fan IDs to try to enter EU

A small number of migrants have used Russia's World Cup ticketing system that allows visa-free travel for foreign fans to try to enter the European Union illegally, with neighbouring Belarus and Finland reporting cases.
Published 22 Jun, 2018 12:00am
Turkish pop singer Hacer Tulu shot dead at resort club

Turkish pop singer Hacer Tulu shot dead at resort club

Turkish pop singer Hacer Tulu and a businessman were shot dead at a nightclub in the popular Aegean resort of Bodrum early Thursday, reports said. An assailant or assailants opened fire on businessman Mehmet Ali Surensoy, who runs nightclubs in Bodrum and
Published 22 Jun, 2018 12:00am
EU states to form 'rapid response' cyber force: Lithuania

EU states to form 'rapid response' cyber force: Lithuania

Nine European Union states are to create rapid response teams to counter cyber attacks within the framework of a new EU defence pact, project leader Lithuania announced on Thursday. "Nine states have agreed to join. The goal is to create rotational EU cyb
Published 22 Jun, 2018 12:00am
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