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Archive - 2018-06-24
NATO says ready to help Italy in Libya
World Top News

NATO says ready to help Italy in Libya

ROME: NATO chief Jens Stoltenberg said Sunday the alliance was prepared to help out in troubled Libya as it grapples
Published 24 Jun, 2018 04:14pm
Turkey votes in pivotal test for Erdogan
Front Top News

Turkey votes in pivotal test for Erdogan

ISTANBUL: Turks were voting Sunday in dual parliamentary and presidential polls seen as President Recep Tayyip Erdog
Published 24 Jun, 2018 02:11pm
Italian coastguard tells rescue ships to call Libya for help

Italian coastguard tells rescue ships to call Libya for help

As Italy's new populist government cracked down on foreign NGO boats operating in the Mediterranean Saturday the Italian coastguard has followed suit telling boats in Libyan waters to "turn to" Libya when in distress.
Published 24 Jun, 2018 12:00am
US suspending more training exercises with South Korea: Pentagon

US suspending more training exercises with South Korea: Pentagon

The US and South Korea have agreed to indefinitely suspend two exchange program training exercises, to support diplomatic negotiations with North Korea, the Pentagon said Friday. The move comes after the two countries announced the shelving of the large-s
Published 24 Jun, 2018 12:00am
One dead, scores injured in grenade blast at Ethiopia PM's rally

One dead, scores injured in grenade blast at Ethiopia PM's rally

One person died and scores of others were hurt after a grenade blast at new Ethiopian Prime Minister Abiy Ahmed's first mass rally in the capital that sent crowds fleeing in panic. Abiy had just wrapped up his speech before tens of thousands of people in
Published 24 Jun, 2018 12:00am
Vatican jails Italian priest for child porn

Vatican jails Italian priest for child porn

A Vatican court on Saturday jailed for five years an Italian priest who worked as a diplomat for the Holy See's Washington embassy, for possessing and sharing child pornography. Monsignor Carlo Alberto Capella pleaded guilty on Friday, the opening day of
Published 24 Jun, 2018 12:00am
Erdogan, rival Ince trade blows on eve of crunch Turkey polls
Currency

Erdogan, rival Ince trade blows on eve of crunch Turkey polls

President Recep Tayyip Erdogan and his main rival Muharrem Ince on Saturday traded blows in mass rallies on the final day of campaigning for Turkey's most fiercely contested elections in years. Turks vote on Sunday in snap twin presidential and parliament
Published 24 Jun, 2018 12:00am
Kazakhstan detains dozens gathering for opposition rally

Kazakhstan detains dozens gathering for opposition rally

Police detained dozens of opposition protesters in Kazakhstan's largest city on Saturday after the exiled nemesis of long-time leader Nursultan Nazarbayev called for rallies across the country. An AFP correspondent saw a mixture of plainclothes police wea
Published 24 Jun, 2018 12:00am
South Korea ex-PM and spy agency founder dies

South Korea ex-PM and spy agency founder dies

Kim Jong-pil, founder of South Korea's once-infamous spy agency and former prime minister, died Saturday in Seoul, his aide said. He was 92 years old, and is believed to have died of natural causes. Kim was once a top figure in South Korean conservative p
Published 24 Jun, 2018 12:00am
Iraqi PM warns armed groups against stockpiling weapons

Iraqi PM warns armed groups against stockpiling weapons

Iraqi Prime Minister Haider al-Abadi warned on Saturday he would not allow militias to stockpile arms, two weeks after a weapons depot belonging to an armed group exploded in Baghdad. At least 16 people were killed and around 30 injured when the cache, ow
Published 24 Jun, 2018 12:00am
Belgium, Mexico march on as Germany face Swedish test

Belgium, Mexico march on as Germany face Swedish test

Belgium and Mexico powered towards the last 16 of the World Cup on Saturday with convincing victories as defending champions Germany prepared for a crunch clash with Sweden aiming to avoid a humiliating first-round exit. Tournament dark horses Belgium pro
Published 24 Jun, 2018 12:00am
Serbia coach calls for referee 'to be tried in the Hague'

Serbia coach calls for referee 'to be tried in the Hague'

Serbia's coach has reacted to his team's World Cup defeat to Switzerland by calling for the referee to be put on trial in the Hague, in a reference to the war crimes tribunal for the ex-Yugoslavia. Serbia were furious when German referee Felix Brych faile
Published 24 Jun, 2018 12:00am
Neymar 'fully recovered' from foot injury: doctor

Neymar 'fully recovered' from foot injury: doctor

Neymar has now "totally recovered" from the foot injury that required surgery and saw him miss the end of the club season, Brazil's team doctor said on Saturday. However, winger Douglas Costa will miss the side's final World Cup Group E outing against Ser
Published 24 Jun, 2018 12:00am
Djokovic ends 12-month drought to reach Queen's showpiece

Djokovic ends 12-month drought to reach Queen's showpiece

Novak Djokovic ended his final drought as the former world number one reached his first title match for a year with a 7-6 (7/5), 6-4 win against Jeremy Chardy at Queen's Club on Saturday. Djokovic will play top seed Marin Cilic on Sunday in the Serb's fir
Published 24 Jun, 2018 12:00am
Force India fined over pitlane wheel incident

Force India fined over pitlane wheel incident

The Force India team were fined 15,000 euros ($17,000) and handed a suspended additional fine of 85,000 euros at the French Grand Prix on Saturday. The fines were announced by the International Motoring Federation (FIA), after an investigation into how a
Published 24 Jun, 2018 12:00am
Mauresmo appointed French Davis Cup captain

Mauresmo appointed French Davis Cup captain

Amelie Mauresmo was on Saturday unveiled as the first woman to captain France's Davis Cup team, a ground-breaking appointment in which Andy Murray played a major role. Mauresmo singled out the Scot, who had hired her as a coach in 2014. "I am thinking of
Published 24 Jun, 2018 12:00am
Sri Lanka recalls Vandersay from West Indies tour

Sri Lanka recalls Vandersay from West Indies tour

Sri Lanka on Saturday recalled leg spinner Jeffrey Vandersay from the West Indies tour over "conduct" that violated contractual obligations, Sri Lanka's cricket board said. The 28-year-old is an uncapped Test player, but he was included in a 17-member squ
Published 24 Jun, 2018 12:00am
Lakmal replaces Chandimal as skipper

Lakmal replaces Chandimal as skipper

Sri Lanka on Saturday named Suranga Lakmal as skipper for the potentially series-saving third Test against the West Indies after Dinesh Chandimal lost his appeal against a one-match ban for ball tampering. "Lakmal was appointed as the captain, in the abse
Published 24 Jun, 2018 12:00am
Federer beats Kudla to reach 12th Halle final

Federer beats Kudla to reach 12th Halle final

Roger Federer booked his 12th career final at the ATP Halle grass tournament on Saturday, beating qualifier Denis Kudla 7-6 (7/1), 7-5. The Swiss needs to win the title on Sunday - it would be his tenth at the event - to remain world number one heading in
Published 24 Jun, 2018 12:00am
Agar accepts only Australia's 'absolute best' will beat England

Agar accepts only Australia's 'absolute best' will beat England

Australia's Ashton Agar has warned only the team's "absolute best" will be good enough to deny England a first 5-0 one-day international series whitewash of their arch-rivals. But the left-arm spinner insisted Australia "have no choice (but) to believe" t
Published 24 Jun, 2018 12:00am
Bitcoin falls to four-month low in persistent bearish trend
Currency

Bitcoin falls to four-month low in persistent bearish trend

Bitcoin dropped to a more than four-month low on Friday, continuing a downtrend after more negative headlines such as Japan's financial regulator ordering six digital currency exchanges to make improvements on their anti-money laundering systems.
Published 24 Jun, 2018 12:00am
Bitcoin 'whales' pulling cryptocurrency strings
Currency

Bitcoin 'whales' pulling cryptocurrency strings

Bitcoin, the star of the cryptocurrency world, is widely seen as a freewheeling tool as open as the internet itself. But analysts have cast doubt on the veracity of that perception, highlighting that the bulk of bitcoin is in fact heavily concentrated in
Published 24 Jun, 2018 12:00am
Speculators turn net long dollars for first time since July 2017
Currency

Speculators turn net long dollars for first time since July 2017

Speculators turned bullish on the dollar for the first time since July last year, according to calculations by Reuters and US Commodity Futures Trading Commission data released on Friday, as sentiment improved after the Federal Reserve forecast two more i
Published 24 Jun, 2018 12:00am
FX trading volumes jump 23 percent
Currency

FX trading volumes jump 23 percent

Currency trading on Thomson Reuters' platforms rose 23 percent in May from a year earlier, the company said, as political turbulence in Italy and a raft of new US trade tariffs increased activity on foreign exchanges. Average daily volumes topped $432 bil
Published 24 Jun, 2018 12:00am
Euro gains on growth data, Italian assurances to stay put
Currency

Euro gains on growth data, Italian assurances to stay put

The euro climbed on Friday as traders were encouraged by improved regional economic growth data and new assurances by Italian politicians that their nation would not leave the single currency. The euro registered a weekly gain of nearly 0.5 percent agains
Published 24 Jun, 2018 12:00am
Canadian dollar rebounds
Currency

Canadian dollar rebounds

The Canadian dollar gained against the greenback on Friday, recovering from an earlier one-year low, as a jump in oil prices offset domestic inflation and retail sales data that crimped expectations for a Bank of Canada interest rate hike next month. At 4
Published 24 Jun, 2018 12:00am
Election fever seen ramping up emerging market FX volatility
Currency

Election fever seen ramping up emerging market FX volatility

Turkey kicks off a four-month run of crucial emerging market elections this weekend that are expected to cause some of the most extreme moves in the voting countries' currencies in years. As well as Turkey on Sunday where the question is how much power Ta
Published 24 Jun, 2018 12:00am
Xi says China must lead way in reform of global governance

Xi says China must lead way in reform of global governance

China must lead the way in reforming global governance, the foreign ministry on Saturday cited President Xi Jinping as saying, as Beijing looks to increase its world influence. China has sought a greater say in global organisations such as the World Bank,
Published 24 Jun, 2018 12:00am
EU 'won't limit strike rights' in air traffic control row

EU 'won't limit strike rights' in air traffic control row

The EU on Thursday vowed not to limit air traffic controllers' right to strike, after Ryanair and IAG demanded action to end crippling stoppages that they say are bringing misery to hundreds of thousands of holidaymakers. Budget carrier Ryanair and Britis
Published 24 Jun, 2018 12:00am
South Africa's 2018 GDP growth expected to hit 1.7 percent

South Africa's 2018 GDP growth expected to hit 1.7 percent

South Africa's economy is expected to recover from a poor start this year, rescued by stronger growth in the rest of the world, a Reuters poll found on Wednesday. South African gross domestic product shrank 2.2 percent in the first quarter, led by a slowd
Published 24 Jun, 2018 12:00am
JSW Steel plans bid for ArcelorMittal's Romanian plant

JSW Steel plans bid for ArcelorMittal's Romanian plant

India's biggest steelmaker JSW Steel is expected to make a bid for ArcelorMittal's Galati plant in Romania, three sources told Reuters, potentially competing against Ukraine's Metinvest and Italy's Marcegaglia. ArcelorMittal, the world's biggest steelmake
Published 24 Jun, 2018 12:00am
China sorghum imports jump, despite anti-dumping probe

China sorghum imports jump, despite anti-dumping probe

China's imports of sorghum in May rose 59 percent year on year to 470,000 tonnes, customs data showed on Saturday, despite an anti-dumping move by Beijing a month earlier that had roiled the grains trade. The surprisingly large number came even after Chin
Published 24 Jun, 2018 12:00am
S&P Global expects Brexit to see 30-40 analysts move from London

S&P Global expects Brexit to see 30-40 analysts move from London

The world's biggest credit ratings agency S&P Global expects to move around 30-40 of its analysts out of London as a result of Brexit, the firm's president and chief executive has told Reuters. S&P employs around 1,500 analysts globally but needs to meet
Published 24 Jun, 2018 12:00am
S&P Global expects Brexit to see 30-40 analysts move from London

S&P Global expects Brexit to see 30-40 analysts move from London

The world's biggest credit ratings agency S&P Global expects to move around 30-40 of its analysts out of London as a result of Brexit, the firm's president and chief executive has told Reuters. S&P employs around 1,500 analysts globally but needs to meet
Published 24 Jun, 2018 12:00am
Tanzania raises $20 million from maiden wireless spectrum auction

Tanzania raises $20 million from maiden wireless spectrum auction

Tanzania has raised $20 million from a local subsidiary of South Africa's Vodacom Group and another telecoms firm in the country's first broadband spectrum auction that will help operators meet growing demand for high-speed networks. Like elsewhere on the
Published 24 Jun, 2018 12:00am
Toyota, pressed to innovate, is cutting marketing costs to fuel research

Toyota, pressed to innovate, is cutting marketing costs to fuel research

Toyota has begun slashing costs, starting with sales and marketing, and shifting resources into research that will help it keep up with new competitors, four people familiar with the matter said. One of the company's first moves was to cancel contracts wi
Published 24 Jun, 2018 12:00am
More 'inclusive' reforms could boost economy: ECB
Currency

More 'inclusive' reforms could boost economy: ECB

Eurozone countries could boost growth and employment by tackling more "inclusive" reforms to their economies, according to a study published Friday by the European Central Bank. "Well-designed structural policies could yield substantial benefits for euro
Published 24 Jun, 2018 12:00am
Paris slams brakes on electric car-sharing scheme

Paris slams brakes on electric car-sharing scheme

The city of Paris is pulling the plug on an electric car-sharing system once hailed as the future of urban transport, with officials voting to cancel the contract in the face of mounting losses. The more than 4,000 silver Autolib hatchbacks had become a f
Published 24 Jun, 2018 12:00am
Argentina gets first $15 billion from IMF
Currency

Argentina gets first $15 billion from IMF

Argentina on Friday received $15 billion, the first tranche of a $50 billion loan from the International Monetary Fund to help stabilize its fragile economy, the South American nation's central bank said. Following a currency crisis in April and May, the
Published 24 Jun, 2018 12:00am
Bombardier, Toronto union reach agreement ahead of strike deadline

Bombardier, Toronto union reach agreement ahead of strike deadline

Canadian workers who assemble Bombardier Inc's turboprops and the company's new top-of-the-line business jet on Saturday reached a tentative agreement with the company just hours ahead of a strike deadline, the union said. Unifor, the union representing t
Published 24 Jun, 2018 12:00am
Bitfinex chief strategy officer departs
Currency

Bitfinex chief strategy officer departs

Bitfinex Chief Strategy Officer Phil Potter is leaving the cryptocurrency trading platform, the executive and the exchange told Reuters on Friday. Potter will be replaced in the interim by Chief Executive JL van der Velde, the company said. "As Bitfinex p
Published 24 Jun, 2018 12:00am
EU to respond to any US auto tariff move

EU to respond to any US auto tariff move

The European Union will respond to any US move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row. US President Donald Trump on Friday threatened to impose a 20 percent tar
Published 24 Jun, 2018 12:00am
Asia business sentiment slips from seven-year high on trade worries

Asia business sentiment slips from seven-year high on trade worries

Business confidence among Asian companies slipped for the first time in three quarters, on mounting worries that US President Donald Trump's protectionist policies would trigger tit-for-tat reprisals and undermine the global trading system. The Thomson Re
Published 24 Jun, 2018 12:00am
Harley says EU duties could prompt price hikes

Harley says EU duties could prompt price hikes

Harley-Davidson Inc could be forced to raise prices in Europe due to EU tariffs on US goods, hitting buyers of new motorcycle models when they are shipped to dealers later in the year, the head of its central European business said. Earlier this week, the
Published 24 Jun, 2018 12:00am
First investor complaint filed against Daimler over 'dieselgate'

First investor complaint filed against Daimler over 'dieselgate'

A law firm said Saturday it had lodged the first investor complaint in Germany demanding compensation from car manufacturer Daimler over the "dieselgate" scandal. The complaint, filed Friday at the Stuttgart Regional Court by German law firm Tilp, accuses
Published 24 Jun, 2018 12:00am
Vietnam busts $26 million online betting ring

Vietnam busts $26 million online betting ring

Vietnamese police broke up an online football gambling ring worth around $26 million, arresting four people as authorities look to stop black market betting that surges during sporting events like the ongoing World Cup. Gambling is illegal in Vietnam apar
Published 24 Jun, 2018 12:00am
Tesla to close a dozen solar facilities in nine states

Tesla to close a dozen solar facilities in nine states

Electric car maker Tesla Inc's move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven curr
Published 24 Jun, 2018 12:00am
Dow snaps losing streak on energy lift

Dow snaps losing streak on energy lift

The S&P 500 and Dow Jones Industrial Average climbed on Friday, as the Dow put to rest an eight-day losing streak with a boost from energy stocks, but losses in the technology space kept the Nasdaq in check. US crude settled up 4.6 percent at $68.58 a bar
Published 24 Jun, 2018 12:00am
Italian bonds regain footing, Greece gets debt relief

Italian bonds regain footing, Greece gets debt relief

Italy's borrowing costs fell on Friday as the government bond market regained its footing after a sharp selloff the previous session, while the Greek bond market received a boost from a eurozone debt relief announcement. Bond yields across broader euro zo
Published 24 Jun, 2018 12:00am
Italian bonds regain footing, Greece gets debt relief

Italian bonds regain footing, Greece gets debt relief

Italy's borrowing costs fell on Friday as the government bond market regained its footing after a sharp selloff the previous session, while the Greek bond market received a boost from a eurozone debt relief announcement. Bond yields across broader euro zo
Published 24 Jun, 2018 12:00am
Investors pull money out of all but US stocks, tech an 'oasis'

Investors pull money out of all but US stocks, tech an 'oasis'

The United States was the only global region to enjoy investment inflows this week, with $5.1 billion pumped into US stock funds while the same amount flooded out of emerging markets, Bank of America Merrill Lynch (BAML) strategists said on Friday.
Published 24 Jun, 2018 12:00am
Investors pull money out of all but US stocks, tech an 'oasis'

Investors pull money out of all but US stocks, tech an 'oasis'

The United States was the only global region to enjoy investment inflows this week, with $5.1 billion pumped into US stock funds while the same amount flooded out of emerging markets, Bank of America Merrill Lynch (BAML) strategists said on Friday.
Published 24 Jun, 2018 12:00am
Asian bonds sell off in May as investors hunt for better yield

Asian bonds sell off in May as investors hunt for better yield

Asian bond markets witnessed a second consecutive month of outflows in May and will likely come under more pressure as major central banks tighten their monetary policies this year. Data from central banks and bond market associations showed foreign inves
Published 24 Jun, 2018 12:00am
Asian bonds sell off in May as investors hunt for better yield

Asian bonds sell off in May as investors hunt for better yield

Asian bond markets witnessed a second consecutive month of outflows in May and will likely come under more pressure as major central banks tighten their monetary policies this year. Data from central banks and bond market associations showed foreign inves
Published 24 Jun, 2018 12:00am
Treasuries outlook: yields little changed as market mood still uncertain

Treasuries outlook: yields little changed as market mood still uncertain

US Treasury yields were little changed on Friday, trading in narrow ranges, as risk appetite improved a bit with shares on Wall Street higher, but worries over a trade conflict with China kept investors cautious. "Yields...(are) still lower from a couple
Published 24 Jun, 2018 12:00am
Treasuries outlook: yields little changed as market mood still uncertain

Treasuries outlook: yields little changed as market mood still uncertain

US Treasury yields were little changed on Friday, trading in narrow ranges, as risk appetite improved a bit with shares on Wall Street higher, but worries over a trade conflict with China kept investors cautious. "Yields...(are) still lower from a couple
Published 24 Jun, 2018 12:00am
TSX rises

TSX rises

The Toronto Stock Exchange's S&P/TSX rose 114.99 points, or 0.70 percent, to 16,450.14. The biggest contributor to the TSX gain was Whitecap Resources, while the energy sector provided the biggest boost. Whitecap Resources, up 7.9 percent, also led percen
Published 24 Jun, 2018 12:00am
Saudi regulator expects $40 billion foreign fund inflows after MSCI

Saudi regulator expects $40 billion foreign fund inflows after MSCI

MSCI's move to add Saudi Arabia to its benchmark emerging markets index could help attract $40 billion from foreign funds and boost the appeal of oil giant Saudi Aramco's proposed initial public offering, a Saudi official said on Thursday. Inflows are exp
Published 24 Jun, 2018 12:00am
Saudi regulator expects $40 billion foreign fund inflows after MSCI

Saudi regulator expects $40 billion foreign fund inflows after MSCI

MSCI's move to add Saudi Arabia to its benchmark emerging markets index could help attract $40 billion from foreign funds and boost the appeal of oil giant Saudi Aramco's proposed initial public offering, a Saudi official said on Thursday. Inflows are exp
Published 24 Jun, 2018 12:00am
China to introduce anonymous bond auctions system

China to introduce anonymous bond auctions system

China plans to introduce an anonymous bond auction system to support transactions of high-yield, low-liquidity bonds, two sources with knowledge of the matter said. In a notice confirmed by the sources, the China Foreign Exchange Trade System (CFETS), als
Published 24 Jun, 2018 12:00am
China to introduce anonymous bond auctions system

China to introduce anonymous bond auctions system

China plans to introduce an anonymous bond auction system to support transactions of high-yield, low-liquidity bonds, two sources with knowledge of the matter said. In a notice confirmed by the sources, the China Foreign Exchange Trade System (CFETS), als
Published 24 Jun, 2018 12:00am
Credit Suisse downgrades European equities

Credit Suisse downgrades European equities

Credit Suisse global equity strategists downgraded continental European equities to underweight on Wednesday, saying valuations in Europe were not cheap and Italian political risk was unlikely to dissipate. European equities are trading on the same sector
Published 24 Jun, 2018 12:00am
Coceral cuts EU wheat crop forecast due to dry weather

Coceral cuts EU wheat crop forecast due to dry weather

Grain trade association Coceral cut its outlook for the European Union's soft wheat harvest this year, joining other forecasters in warning of stress to crops from dry weather in northern parts of the bloc. The lobby group on Monday forecast EU soft wheat
Published 24 Jun, 2018 12:00am
Harsh weather to knock Russian wheat crop below 68 million tonnes

Harsh weather to knock Russian wheat crop below 68 million tonnes

Wheat production in Russia is expected to drop to 67.4 million tonnes this year, down 21.5 percent from 2017's record harvest after adverse weather affected both winter and spring crops, French consultancy Agritel said on Thursday. Other forecasters have
Published 24 Jun, 2018 12:00am
Shanghai steel extends losses to third day on trade woes

Shanghai steel extends losses to third day on trade woes

Shanghai steel futures surrendered early gains to end lower on Thursday, extending losses to a third day, as a growing trade row between China and the United States kept investors on edge. China's commerce ministry accused the United States of being tempe
Published 24 Jun, 2018 12:00am
Brazilian chicken exports fall sharply due to EU bans

Brazilian chicken exports fall sharply due to EU bans

Brazilian chicken exports fell sharply in the five months through May as the world's largest exporter was hit by trade embargoes by the European Union and a decline in sales to countries such as Saudi Arabia and Russia, trade group ABPA said on Thursday.
Published 24 Jun, 2018 12:00am
CBOT corn futures rise on bargain buying

CBOT corn futures rise on bargain buying

Chicago Board of Trade corn futures rose on Thursday on bargain buying and as excessive rains flooded some areas of the western US Midwest, threatening crop potential. Spillover support from sharply higher wheat futures and a weaker US dollar also underpi
Published 24 Jun, 2018 12:00am
Ukraine's wheat, barley harvest, exports to fall due to drought

Ukraine's wheat, barley harvest, exports to fall due to drought

The UkrAgroConsult agriculture consultancy on Tuesday cut its forecast for Ukraine's 2018/19 crop year wheat and barley harvest and exports due to a severe drought across the country. The consultancy reduced its wheat harvest forecast by 3 percent to 25.5
Published 24 Jun, 2018 12:00am
France sees rapeseed crop shrinking after weather woes

France sees rapeseed crop shrinking after weather woes

France expects its rapeseed production to drop sharply this year after adverse weather throughout the growing season hit yield prospects and outweighed an increase in crop area, the farm ministry said on Tuesday. Other European Union countries, including
Published 24 Jun, 2018 12:00am
Brazil's May green coffee exports fall

Brazil's May green coffee exports fall

Brazilian exporters shipped 1.46 million 60-kg bags of green coffee in May, 37 percent less than in the same month last year, as a nationwide truckers strike reduced transportation of the product to ports, exporters association Cecafa said on Tuesday. Cec
Published 24 Jun, 2018 12:00am
No business on cotton market
Cotton

No business on cotton market

No business activity witnessed on the cotton market came to standstill on Saturday as main participants were on the sidelines due to less buying interest, dealers said. The official spot rate was unchanged at Rs 7,500, they added. Prices of seed cotton in
Published 24 Jun, 2018 12:00am
Thai rice prices fall to lowest this year

Thai rice prices fall to lowest this year

Rice prices in Thailand slid to their lowest this year on sluggish demand and the prospect of higher supplies, while rates eased in top exporter India this week due to subdued buying from Africa and Bangladesh. Thailand's benchmark 5 percent broken rice d
Published 24 Jun, 2018 12:00am
India's 2018 gold imports to fall

India's 2018 gold imports to fall

Gold imports into India, the world's second biggest buyer of the metal, could drop by 18 percent in 2018 from a year ago as rising prices and a falling rupee have dented demand from retail jewellery buyers, according to a Reuters poll. This year's imports
Published 24 Jun, 2018 12:00am
Soyameal down on European feeds market

Soyameal down on European feeds market

Soyameal on the European meals and feeds market eased on Thursday on the back of concerns about the ongoing trade dispute between the US and top soya importer China. South American soyameal was mostly offered between unchanged and $6 a tonne down from Wed
Published 24 Jun, 2018 12:00am
Vietnam's coffee trade slow; Indonesia mostly inactive

Vietnam's coffee trade slow; Indonesia mostly inactive

Coffee trading was slow in Vietnam with domestic prices staying unchanged after hitting a 25-month low a week earlier, while traders in Indonesia were mostly inactive after a long public holiday. In the Central Highlands, Vietnam's largest coffee growing
Published 24 Jun, 2018 12:00am
CBOT wheat futures higher

CBOT wheat futures higher

Chicago Board of Trade wheat futures closed higher on Thursday on bargain buying and on concern over a reduced harvest in Russia, the world's top exporter, following adverse crop weather this season. CBOT July soft red winter wheat settled up 7 cents at $
Published 24 Jun, 2018 12:00am
Asian naphtha cracks recover from two-month low

Asian naphtha cracks recover from two-month low

Asia's naphtha crack recovered slightly from a two-month low to a two-session high of $71.75 a tonne on Thursday as Brent crude prices fell but naphtha fundamentals were under pressure as more supplies were expected. This has eroded premiums, with South K
Published 24 Jun, 2018 12:00am
Palm oil eases on European vegoils market
Vegetable Oil

Palm oil eases on European vegoils market

Palm oil on the European vegetable oils market eased on Thursday, after Malaysian palm oil futures fell on concerns about an escalating trade dispute between the United States and China. Asking prices for palm oil were between $2.50 and $7.50 a tonne lowe
Published 24 Jun, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (June 23, 2018).

Published 24 Jun, 2018 12:00am
THE RUPEE: rates unchanged
Currency

THE RUPEE: rates unchanged

The rupee did not move any side against the dollar on the local money market on Saturday in the process of trading, dealers said.
Published 24 Jun, 2018 12:00am
THE RUPEE: rates unchanged
Currency

THE RUPEE: rates unchanged

The rupee did not move any side against the dollar on the local money market on Saturday in the process of trading, dealers said.
Published 24 Jun, 2018 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 23, 2018).

Published 24 Jun, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 23, 2018).

Published 24 Jun, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 23, 2018).

Published 24 Jun, 2018 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 23, 2018).

Published 24 Jun, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 23, 2018)

Published 24 Jun, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 23, 2018).

Published 24 Jun, 2018 12:00am
The Weather

The Weather

The weather report on Saturday (June 23, 2018) and the forecast for Sunday (June 24, 2018).

Published 24 Jun, 2018 12:00am
Wife is richer than Ameer Muqam

Wife is richer than Ameer Muqam

PML-N leader Ameer Muqam owns assets amounting to Rs761 million, as per his documents submitted to the Election Commission of Pakistan for contesting general election 2018, Aaj News reported on Saturday. However, his wife has more wealth than him as she o
Published 24 Jun, 2018 12:00am
MQM-P women workers protest

MQM-P women workers protest

Women workers of Muttahida Qaumi Movement-Pakistan (MQM-P) staged a sit-in to register their protest against alleged misbehaviour at the Bahadurabad headquarters on Saturday. Aaj News reported that MQM's women workers were irked by misbehaviour at the MQM
Published 24 Jun, 2018 12:00am
Don't use cell phone while at work, CJ tells sessions court judge

Don't use cell phone while at work, CJ tells sessions court judge

Chief Justice of Pakistan Mian Saqib Nisar lost his cool after he spotted a cellphone at the table of a local judge and threw it with a warning to avoid using the gadget while at work. Afterwards, the chief justice also ordered immediate transfer of the j
Published 24 Jun, 2018 12:00am
Don't use cell phone while at work, CJ tells sessions court judge

Don't use cell phone while at work, CJ tells sessions court judge

Chief Justice of Pakistan Mian Saqib Nisar lost his cool after he spotted a cellphone at the table of a local judge and threw it with a warning to avoid using the gadget while at work. Afterwards, the chief justice also ordered immediate transfer of the j
Published 24 Jun, 2018 12:00am
ECP directs to provide security to contestants

ECP directs to provide security to contestants

The Election Commission of Pakistan (ECP) has directed the provincial governments to ensure foolproof security for election candidates and political leaders during the election campaign. In a letter to all four provincial governments, the Election Commiss
Published 24 Jun, 2018 12:00am
ECP directs to provide security to contestants

ECP directs to provide security to contestants

The Election Commission of Pakistan (ECP) has directed the provincial governments to ensure foolproof security for election candidates and political leaders during the election campaign. In a letter to all four provincial governments, the Election Commiss
Published 24 Jun, 2018 12:00am
PML-N announces NA candidates from Punjab

PML-N announces NA candidates from Punjab

Pakistan Muslim League-Nawaz (PML-N) on Saturday announced its national and provincial assembly candidates for the general elections from Punjab. The PML-N has finalized its candidates for 116 out of 141 National Assembly seats. The PML-N president Shahba
Published 24 Jun, 2018 12:00am
PML-N announces NA candidates from Punjab

PML-N announces NA candidates from Punjab

Pakistan Muslim League-Nawaz (PML-N) on Saturday announced its national and provincial assembly candidates for the general elections from Punjab. The PML-N has finalized its candidates for 116 out of 141 National Assembly seats. The PML-N president Shahba
Published 24 Jun, 2018 12:00am
Russia backs Opec oil output hike

Russia backs Opec oil output hike

Russia on Saturday joined partner countries in backing an Opec-led pledge to boost oil production in response to growing global demand, Angolan Oil Minister Diamantino Azevedo said. "We have agreed," Azevedo told reporters after a meeting with Opec minist
Published 24 Jun, 2018 12:00am
Russia backs Opec oil output hike

Russia backs Opec oil output hike

Russia on Saturday joined partner countries in backing an Opec-led pledge to boost oil production in response to growing global demand, Angolan Oil Minister Diamantino Azevedo said. "We have agreed," Azevedo told reporters after a meeting with Opec minist
Published 24 Jun, 2018 12:00am
Russia backs Opec oil output hike

Russia backs Opec oil output hike

Russia on Saturday joined partner countries in backing an Opec-led pledge to boost oil production in response to growing global demand, Angolan Oil Minister Diamantino Azevedo said. "We have agreed," Azevedo told reporters after a meeting with Opec minist
Published 24 Jun, 2018 12:00am
China's Xiaomi targets Europe as it kicks off IPO

China's Xiaomi targets Europe as it kicks off IPO

Chinese smartphone maker Xiaomi will aggressively target European markets, using part of the proceeds from its initial public offering worth $6.1 billion in Hong Kong, the company's co-founder said Saturday. The company is offering 2.18 billion shares at
Published 24 Jun, 2018 12:00am
China's Xiaomi targets Europe as it kicks off IPO

China's Xiaomi targets Europe as it kicks off IPO

Chinese smartphone maker Xiaomi will aggressively target European markets, using part of the proceeds from its initial public offering worth $6.1 billion in Hong Kong, the company's co-founder said Saturday. The company is offering 2.18 billion shares at
Published 24 Jun, 2018 12:00am
China''s Xiaomi targets Europe as it kicks off IPO

China''s Xiaomi targets Europe as it kicks off IPO

Chinese smartphone maker Xiaomi will aggressively target European markets, using part of the proceeds from its initial public offering worth $6.1 billion in Hong Kong, the company''s co-founder said Saturday. The company is offering 2.18 billion shares at
Published 24 Jun, 2018 12:00am
Tens of thousands march in London for second Brexit vote

Tens of thousands march in London for second Brexit vote

Tens of thousands of people demonstrated in London on Saturday calling for a second vote on Britain's departure from the European Union. The anti-Brexit campaigners marched on parliament to mark the second anniversary of the Brexit referendum, demanding a
Published 24 Jun, 2018 12:00am
Tens of thousands march in London for second Brexit vote

Tens of thousands march in London for second Brexit vote

Tens of thousands of people demonstrated in London on Saturday calling for a second vote on Britain's departure from the European Union. The anti-Brexit campaigners marched on parliament to mark the second anniversary of the Brexit referendum, demanding a
Published 24 Jun, 2018 12:00am
Amnesty scheme: non-declarants to face consequences: FBR chief

Amnesty scheme: non-declarants to face consequences: FBR chief

Federal Board of Revenue (FBR) Chairman Tariq Mahmood Pasha Saturday said individuals who fail to declare their assets under voluntary amnesty scheme will face the consequences after June 30, 2018. Speaking at the Federation of Pakistan Chambers of Commer
Published 24 Jun, 2018 12:00am
Amnesty scheme: non-declarants to face consequences: FBR chief

Amnesty scheme: non-declarants to face consequences: FBR chief

Federal Board of Revenue (FBR) Chairman Tariq Mahmood Pasha Saturday said individuals who fail to declare their assets under voluntary amnesty scheme will face the consequences after June 30, 2018. Speaking at the Federation of Pakistan Chambers of Commer
Published 24 Jun, 2018 12:00am
Amnesty scheme: non-declarants to face consequences: FBR chief

Amnesty scheme: non-declarants to face consequences: FBR chief

Federal Board of Revenue (FBR) Chairman Tariq Mahmood Pasha Saturday said individuals who fail to declare their assets under voluntary amnesty scheme will face the consequences after June 30, 2018. Speaking at the Federation of Pakistan Chambers of Commer
Published 24 Jun, 2018 12:00am
SBP unveils procedure for investment in amnesty bonds
Currency

SBP unveils procedure for investment in amnesty bonds

The State Bank of Pakistan (SBP) Saturday announced the procedure for investment in "Government of Pakistan US Dollars Denominated Amnesty Bonds, 2018" under the tax amnesty scheme 2018. As per rules, approved by the caretaker cabinet on Friday, any citiz
Published 24 Jun, 2018 12:00am
SBP unveils procedure for investment in amnesty bonds
Currency

SBP unveils procedure for investment in amnesty bonds

The State Bank of Pakistan (SBP) Saturday announced the procedure for investment in "Government of Pakistan US Dollars Denominated Amnesty Bonds, 2018" under the tax amnesty scheme 2018. As per rules, approved by the caretaker cabinet on Friday, any citiz
Published 24 Jun, 2018 12:00am
SBP unveils procedure for investment in amnesty bonds
Currency

SBP unveils procedure for investment in amnesty bonds

The State Bank of Pakistan (SBP) Saturday announced the procedure for investment in "Government of Pakistan US Dollars Denominated Amnesty Bonds, 2018" under the tax amnesty scheme 2018. As per rules, approved by the caretaker cabinet on Friday, any citiz
Published 24 Jun, 2018 12:00am
SBP unveils procedure for investment in amnesty bonds
Currency

SBP unveils procedure for investment in amnesty bonds

The State Bank of Pakistan (SBP) Saturday announced the procedure for investment in "Government of Pakistan US Dollars Denominated Amnesty Bonds, 2018" under the tax amnesty scheme 2018. As per rules, approved by the caretaker cabinet on Friday, any citiz
Published 24 Jun, 2018 12:00am
90 percent local people employed on six mega projects under CPEC

90 percent local people employed on six mega projects under CPEC

Six mega infrastructure development projects under China-Pakistan Economic Corridor (CPEC) doled out more jobs to locals than foreigners, a study revealed. The Chinese surpassed by Pakistanis in terms of getting the jobs and this fact brushed aside the im
Published 24 Jun, 2018 12:00am
90 percent local people employed on six mega projects under CPEC

90 percent local people employed on six mega projects under CPEC

Six mega infrastructure development projects under China-Pakistan Economic Corridor (CPEC) doled out more jobs to locals than foreigners, a study revealed. The Chinese surpassed by Pakistanis in terms of getting the jobs and this fact brushed aside the im
Published 24 Jun, 2018 12:00am
90 percent local people employed on six mega projects under CPEC

90 percent local people employed on six mega projects under CPEC

Six mega infrastructure development projects under China-Pakistan Economic Corridor (CPEC) doled out more jobs to locals than foreigners, a study revealed. The Chinese surpassed by Pakistanis in terms of getting the jobs and this fact brushed aside the im
Published 24 Jun, 2018 12:00am
Mufti Mehsud new TTP head

Mufti Mehsud new TTP head

Tehrik-e-Taliban announced it had appointed a new leader on Saturday after the militant group confirmed for the first time its former chief Maulana Fazlullah was killed in a US drone strike last week. Fazlullah is believed to have ordered the failed 2012
Published 24 Jun, 2018 12:00am
Mufti Mehsud new TTP head

Mufti Mehsud new TTP head

Tehrik-e-Taliban announced it had appointed a new leader on Saturday after the militant group confirmed for the first time its former chief Maulana Fazlullah was killed in a US drone strike last week. Fazlullah is believed to have ordered the failed 2012
Published 24 Jun, 2018 12:00am
Six militants killed, two soldiers martyred in SW

Six militants killed, two soldiers martyred in SW

Six militants and two soldiers were killed on Saturday during a fierce gunfight in South Waziristan, military and local security officials said. The clash took place in South Waziristan's Spina Mela village after security forces were tipped off about the
Published 24 Jun, 2018 12:00am
Six militants killed, two soldiers martyred in SW

Six militants killed, two soldiers martyred in SW

Six militants and two soldiers were killed on Saturday during a fierce gunfight in South Waziristan, military and local security officials said. The clash took place in South Waziristan's Spina Mela village after security forces were tipped off about the
Published 24 Jun, 2018 12:00am
Three real siblings drown in pond

Three real siblings drown in pond

Three children of a family drowned in water pond near Faiz Gunj here on Saturday. According to details, the three siblings - a sister and two brother were playing in front of house at village Kheo Jeho near village Bhango Behan of Taluka Faiz Gunj when al
Published 24 Jun, 2018 12:00am
BR staffer Jalil Hassan Akhtar Raja passes away

BR staffer Jalil Hassan Akhtar Raja passes away

Senior journalist and staffer of Business Recorder Jalil Hassan Akhtar Raja died of cardiac arrest on Friday night. He was 65. He has left behind wife, two sons. Caretaker Chief Minister Punjab Dr. Hasan Askari has expressed grief and sorrow over h
Published 24 Jun, 2018 12:00am
BR staffer Jalil Hassan Akhtar Raja passes away

BR staffer Jalil Hassan Akhtar Raja passes away

Senior journalist and staffer of Business Recorder Jalil Hassan Akhtar Raja died of cardiac arrest on Friday night. He was 65. He has left behind wife, two sons. Caretaker Chief Minister Punjab Dr. Hasan Askari has expressed grief and sorrow over h
Published 24 Jun, 2018 12:00am
FO contacts US State department about Dr Aafia's alleged maltreatment

FO contacts US State department about Dr Aafia's alleged maltreatment

Foreign Office of Pakistan on Saturday contacted United States Department of State regarding alleged mistreatment of Pakistani scientist Dr Aafia Siddiqui, imprisoned in Texas. The spokesman of State Department has confirmed that Pakistan FO had asked abo
Published 24 Jun, 2018 12:00am
FO contacts US State department about Dr Aafia's alleged maltreatment

FO contacts US State department about Dr Aafia's alleged maltreatment

Foreign Office of Pakistan on Saturday contacted United States Department of State regarding alleged mistreatment of Pakistani scientist Dr Aafia Siddiqui, imprisoned in Texas. The spokesman of State Department has confirmed that Pakistan FO had asked abo
Published 24 Jun, 2018 12:00am
How legal experts look at Sharifs' strategy

How legal experts look at Sharifs' strategy

Former prime minister Nawaz Sharif, his daughter Maryam Nawaz and her husband former captain Safdar failed to present any witness on their behalf, or documentary proof, and never gave their testimony under oath, claiming that the prosecution had failed to
Published 24 Jun, 2018 12:00am
How legal experts look at Sharifs' strategy

How legal experts look at Sharifs' strategy

Former prime minister Nawaz Sharif, his daughter Maryam Nawaz and her husband former captain Safdar failed to present any witness on their behalf, or documentary proof, and never gave their testimony under oath, claiming that the prosecution had failed to
Published 24 Jun, 2018 12:00am
US family reunification 'task force' seen as Dems keep up pressure

US family reunification 'task force' seen as Dems keep up pressure

A US task force has been set up to reunify migrant families divided at the Mexican border under President Donald Trump's "zero tolerance" approach, a report said, as opposition Democrats on Saturday kept up the pressure against a "barbaric" policy. Trump
Published 24 Jun, 2018 12:00am
US family reunification 'task force' seen as Dems keep up pressure

US family reunification 'task force' seen as Dems keep up pressure

A US task force has been set up to reunify migrant families divided at the Mexican border under President Donald Trump's "zero tolerance" approach, a report said, as opposition Democrats on Saturday kept up the pressure against a "barbaric" policy. Trump
Published 24 Jun, 2018 12:00am
FATA's merger with KP: Process to be completed in six months: minister

FATA's merger with KP: Process to be completed in six months: minister

Minister for Information Syed Ali Zafar has expressed hope the process of FATA's merger with Khyber Pakhtunkhwa will be completed in six months. In an interview, he said the committee formed to materialize FATA's merger with Khyber Pakhtunkhwa is working
Published 24 Jun, 2018 12:00am
FATA's merger with KP: Process to be completed in six months: minister

FATA's merger with KP: Process to be completed in six months: minister

Minister for Information Syed Ali Zafar has expressed hope the process of FATA's merger with Khyber Pakhtunkhwa will be completed in six months. In an interview, he said the committee formed to materialize FATA's merger with Khyber Pakhtunkhwa is working
Published 24 Jun, 2018 12:00am
Mobile phones import witnesses 19.28 percent growth in first 11 months

Mobile phones import witnesses 19.28 percent growth in first 11 months

Mobile phones import witnessed a phenomenal growth of 19.28 percent in the first eleven months (July-May 2017-18) as it remained $759.969 million compared to $637.14 million during the same period of July-May 2016-17. Mobile phones import in May 2018 incr
Published 24 Jun, 2018 12:00am
Mobile phones import witnesses 19.28 percent growth in first 11 months

Mobile phones import witnesses 19.28 percent growth in first 11 months

Mobile phones import witnessed a phenomenal growth of 19.28 percent in the first eleven months (July-May 2017-18) as it remained $759.969 million compared to $637.14 million during the same period of July-May 2016-17. Mobile phones import in May 2018 incr
Published 24 Jun, 2018 12:00am
Mobile phones import witnesses 19.28 percent growth in first 11 months

Mobile phones import witnesses 19.28 percent growth in first 11 months

Mobile phones import witnessed a phenomenal growth of 19.28 percent in the first eleven months (July-May 2017-18) as it remained $759.969 million compared to $637.14 million during the same period of July-May 2016-17. Mobile phones import in May 2018 incr
Published 24 Jun, 2018 12:00am
Despite summit, North Korea still a nuclear threat, says Trump

Despite summit, North Korea still a nuclear threat, says Trump

US President Donald Trump on Friday cited "an unusual and extraordinary threat" from North Korea's nuclear arsenal to extend sanctions on Kim Jong Un's regime, despite touting the success of a historic summit earlier this month. After flying back to Washi
Published 24 Jun, 2018 12:00am
Despite summit, North Korea still a nuclear threat, says Trump

Despite summit, North Korea still a nuclear threat, says Trump

US President Donald Trump on Friday cited "an unusual and extraordinary threat" from North Korea's nuclear arsenal to extend sanctions on Kim Jong Un's regime, despite touting the success of a historic summit earlier this month. After flying back to Washi
Published 24 Jun, 2018 12:00am
Eid spending
Currency

Eid spending

According to a section of the press, total Eid spending crossed the one trillion rupee mark - a boost of around 15 percent. The comparable religious holiday of Christmas is also traditionally marked by a massive rise in private consumption; for example, i
Published 24 Jun, 2018 12:00am
'Threat' to data security

'Threat' to data security

An unseemly row broke out between the Election Commission of Pakistan (ECP) and the National Database and Registration Authority (NADRA) over the alleged 'leak' of electoral rolls data from the latter. To add fuel to the fire, PTI accused the NADRA Chairm
Published 24 Jun, 2018 12:00am
Data services: Economy needs streamlining

Data services: Economy needs streamlining

No national policy can be comprehensive and durable unless backed by robust data derived from reliable sources and made available in a timely manner to policy managers. It may be mentioned here that David Spiegelhalter, President of Royal Statistical Soci
Published 24 Jun, 2018 12:00am
Easy as A, B, Xi: China gives economic lessons to North Korea

Easy as A, B, Xi: China gives economic lessons to North Korea

Chinese President Xi Jinping has coached his North Korean counterpart Kim Jong Un on high-stakes diplomacy. Now he seems poised to give the young autocrat another lesson: how to reform a state-controlled economy while keeping an iron grip on power.
Published 24 Jun, 2018 12:00am
Concern over Nigeria's Boko Haram homeless returns

Concern over Nigeria's Boko Haram homeless returns

Nigeria is encouraging thousands of people displaced by Boko Haram violence to return home, insisting they can do so in safety as troops wind up operations against the jihadists.
Published 24 Jun, 2018 12:00am
Imran's growing popularity

Imran's growing popularity

This is apropos a Business Recorder editorial "PTI workers' 'revolt'" carried by the newspaper on Friday. The newspaper concluded its argument by saying that "the PTI leadership seems to have underestimated the depth of the training received over m
Published 24 Jun, 2018 12:00am
The 2018 elections

The 2018 elections

I was deeply impressed by an article by Shahid Hussain Asad carried by Business Recorder on June 16 regarding a recipe of how to improve governance amongst the parliamentarians in the forthcoming elections. I may add that it would be advisable not
Published 24 Jun, 2018 12:00am
ANP to fulfill all electoral commitments: Iftikhar

ANP to fulfill all electoral commitments: Iftikhar

ANP's general secretary, Mian Iftikhar Hussain has said that the electoral manifesto of ANP speaks for bringing improvement in the standard of life for the people, and after coming into power ANP will fulfill all commitments, he added.
Published 24 Jun, 2018 12:00am
Ali Zafar files Rs 1 billion damages suit against Meesha

Ali Zafar files Rs 1 billion damages suit against Meesha

Renowned singer Ali Zafar has filed Rs 1 billion damages suit against Meesha Shafi accusing him of sexual harassment. The suit filed before session's court through Khwaja Ahmad Tariq Raheem who stated that Ms Shafi failed to withdraw her allegations; shou
Published 24 Jun, 2018 12:00am
Disgruntled PTI workers to contest elections as independent candidates

Disgruntled PTI workers to contest elections as independent candidates

The ticket aspirants and disgruntled workers of the Pakistan Tehreek-e-Insaf (PTI) on Saturday opposed the award of tickets of three provincial constituencies of Mardan district and announced to contest election as independent candidates against the PTI c
Published 24 Jun, 2018 12:00am
MMA's first pre-election power show in Peshawar today

MMA's first pre-election power show in Peshawar today

Muttahida Majlis-e-Amal (MMA), an alliance of religious parties will hold it's a first-ever pre-election political power show in Peshawar today (Sunday).The announcement was made by the MMA provincial senior vice president, Senator Mushtaq Ahmad Khan whil
Published 24 Jun, 2018 12:00am
PML-N announces names of NA candidates from KP

PML-N announces names of NA candidates from KP

Pakistan Muslim League-Nawaz (PML-N) Saturday announced its candidates contesting the 2018 general election on general seats of National Assembly from Khyber Pakhtunkhwa. Former Punjab chief minister Shahbaz Sharif will be contesting the elections from NA
Published 24 Jun, 2018 12:00am
Robberies, thefts on the rise in capital

Robberies, thefts on the rise in capital

Despite heightened security in and around the federal capital, over eight cases of robbery, four cases of auto theft and three cases of kidnapping were reported to various police stations of the city during the last week.
Published 24 Jun, 2018 12:00am
Imtiaz Siddiqui appointed AG Punjab

Imtiaz Siddiqui appointed AG Punjab

The caretaker government Punjab has appointed senior lawyer Imtiaz Rasheed Siddiqui as Advocate General of Punjab (AGP) and he took the charge on Saturday.
Published 24 Jun, 2018 12:00am
UN chief focuses on Islamic values at Eid reception

UN chief focuses on Islamic values at Eid reception

Secretary-General United Nations Antonio Guterres highlighted Islam's values of tolerance, respect and openness at a glittering Eid-ul-Fitr reception hosted by Pakistan, with the sponsorship of six other Muslim countries, at UN headquarters in New York on
Published 24 Jun, 2018 12:00am
Bilawal's election campaign launched in Malakand

Bilawal's election campaign launched in Malakand

Pakistan Peoples' Party (PPP) Khyber Pakhtunkhwa has launched election campaign for Bilawal Bhutto Zardari from National Assembly constituency NA-8, Malakand. The campaign was launched from far-flung and backward areas of the constituency included Khanori
Published 24 Jun, 2018 12:00am
NA-95 Mianwali: notice issued to ECP, others over Imran's plea

NA-95 Mianwali: notice issued to ECP, others over Imran's plea

The appellate tribunal on Saturday issued notices to Election Commission of Pakistan (ECP) and other parties over Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan's petition against the verdict of returning officer in NA-95 Mianwali constituency.
Published 24 Jun, 2018 12:00am
MMA manifesto heralds dignity of institutions: Baloch

MMA manifesto heralds dignity of institutions: Baloch

Jamaat e Islami's secretary general Liaquat Baloch, who is also the secretary general of the religio-political parties alliance MMA, has said people of Pakistan will lay the foundation of an Islamic revolution on the July 25 and that will lead towards an
Published 24 Jun, 2018 12:00am
Objections to Imran's nomination papers for NA-243 rejected

Objections to Imran's nomination papers for NA-243 rejected

Sindh Elections Appellate Tribunal on Saturday rejected a petition against nomination papers of Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan to contest for National Assembly's seat from Karachi's constituency NA-243.
Published 24 Jun, 2018 12:00am
Qadri announces not to contest elections

Qadri announces not to contest elections

Pakistan Awami Tehreek (PAT) chief Dr Tahir-ul-Qadri on Saturday has announced not to contest in upcoming general elections 2018. In a statement regarding Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan, Tahir-ul-Qadri asked, "Why you staged sit-in, when
Published 24 Jun, 2018 12:00am
Tickets granted to unknown people: PTI leader

Tickets granted to unknown people: PTI leader

Pakistan Tehreek-e-Insaf leader Waleed Iqbal disgruntled over the distribution of party tickets remarked on Saturday that tickets have been given to those members whose face no one has ever seen. Addressing a press conference here he said the ticket distr
Published 24 Jun, 2018 12:00am
Independent candidate richest among all politicians

Independent candidate richest among all politicians

An independent candidate from Muzaffargarh's NA-182 shocked everyone after he declared his assets worth Rs 4.3 trillion. Muhammad Hussain alias Munna Sheikh's nomination papers shows that despite possessing such humongous amount of assets, he has not paid
Published 24 Jun, 2018 12:00am
Pulses' import cut by 47 percent in 11 months

Pulses' import cut by 47 percent in 11 months

The country's pulses import marked 47 percent decline to $482.749 million in July-May 2017-18 from $902.923 million in July-May 2016-17, according to Pakistan Bureau of Statistics. Official figures show that in term of quantity, pulses import declined by
Published 24 Jun, 2018 12:00am
Rs 752.15 billion released under PSDP

Rs 752.15 billion released under PSDP

The government has released Rs 752.15 billion (75.14 per cent) including Rs 182 billion foreign aid for different development projects so far under the Public Sector Development Program (PSDP) 2017-18 against the total budgeted allocation of Rs 1,001 bill
Published 24 Jun, 2018 12:00am
Sirajul Haq declares assets worth Rs 2.9 million

Sirajul Haq declares assets worth Rs 2.9 million

Unlike the heads of other political parties who have declared massive assets, Ameer Jamaat-e-Islami (JI) Pakistan Sirajul Haq declared the total value of his assets at Rs 2.9 million. According to the statement of assets he annexed with his nomination pap
Published 24 Jun, 2018 12:00am
Rajwana inaugurates CCHA's national outreach programme

Rajwana inaugurates CCHA's national outreach programme

Cadet College Hassan Abdal (CCHA) Outreach Programme is like a drop in the ocean, it can very well trigger a chain reaction leading to the development and mainstreaming of neglected areas". This was stated by Punjab Governor Malik Muhammad Rafique Rajwana
Published 24 Jun, 2018 12:00am
Pakistan-Kazakhstan sign MoU on disaster management

Pakistan-Kazakhstan sign MoU on disaster management

Pakistan and Kazakhstan signed a Memorandum of Understanding (MoU) to co-operate in the field of disaster management. On the sidelines of 6th RTG meeting here on Friday. Chairman National Disaster Management Authority (NDMA) Lieutenant-General Omar Mahmoo
Published 24 Jun, 2018 12:00am
PML-N all set to start election campaign from Karachi

PML-N all set to start election campaign from Karachi

The Pakistan Muslim League-Nawaz (PML-N) is set to start its election campaign for July 25 general elections from Karachi from where Shahbaz Sharif is also in the run for the national assembly seat. PML-N president Shahbaz Sharif will undertake a two-day
Published 24 Jun, 2018 12:00am
I have not quit politics, says Musharraf

I have not quit politics, says Musharraf

Former President Pervez Musharraf in a video message on Saturday clarified that he has not quit politics. Musharraf said he had been planning to contest the upcoming general elections but wanted certain assurances, including that of not being arrested, th
Published 24 Jun, 2018 12:00am
Petition against Nisar's candidature from NA-63 dismissed

Petition against Nisar's candidature from NA-63 dismissed

A petition against former interior minister Chaudhry Nisar Ali Khan's candidature was rejected by an appellate tribunal on Saturday. Nisar will contest the General Election 2018 as an independent candidate after his three-decade-long association with Paki
Published 24 Jun, 2018 12:00am
Punjab Agriculture Expo begins

Punjab Agriculture Expo begins

Agriculture department organized Punjab Agri Expo 2018 to highlight the importance of fruits, vegetables and high value agriculture crops, rice of country's own produced at international level. Expo will come to an end on June 24. Minister for Agriculture
Published 24 Jun, 2018 12:00am
Over 206,000 cops to guard polling stations across Punjab

Over 206,000 cops to guard polling stations across Punjab

In order to ensure peaceful atmosphere during the upcoming general elections 2018, the Punjab police have decided to depute over 206,000 police officers including police volunteers inside and outside polling stations across the province, it was learnt on
Published 24 Jun, 2018 12:00am
Confusion regarding Bilawal's assets clarified

Confusion regarding Bilawal's assets clarified

Reacting to reports concerning Bilawal Bhutto Zardari's asset details, spokesman to the Chairman, Senator Mustafa Nawaz Khokhar, has said: "We have noticed that a lot is being said regarding Chairman PPP Bilawal Bhutto Zardari's asset details. The PPP wou
Published 24 Jun, 2018 12:00am
Number of female polling stations increased in Sialkot

Number of female polling stations increased in Sialkot

District Election Commission Sialkot Faseeh Uddin District has said that Election Commission of Pakistan is making unprecedented and fool proof arrangements to conduct the general elections 2018 elections. Monitoring teams have been organized which will r
Published 24 Jun, 2018 12:00am
DG CAA visits Allama Iqbal Airport

DG CAA visits Allama Iqbal Airport

Civil Aviation Authority Director General Hassan Baig on Saturday visited Allama Iqbal International Airport. Airport Manager Tahir Sikander briefed the DG about different functions and facilities of airport. Prior to briefing the DG also visited operatio
Published 24 Jun, 2018 12:00am
Two hotels sealed for selling unhygienic food

Two hotels sealed for selling unhygienic food

The Khyber Pakhtunkhwa Food Safety and Halal Food Authority has operationalized its offices at tourists' attraction of Galyat and Bahrain, while acting upon the public complaints, the authority has sealed two hotels and charged four others with heavy fine
Published 24 Jun, 2018 12:00am
KP chief minister urges officials to save water sources

KP chief minister urges officials to save water sources

Caretaker Chief Minister Khyber Pakhtunkhwa, Justice Dost Mohammad Khan (Retd) has directed the Energy & Power Department to set aside the traditional procedure to bring modernism and activation in their working to achieve the desired targets in energy se
Published 24 Jun, 2018 12:00am
End-May 2018: number of 3G, 4G users in Pakistan reaches 55.47 million

End-May 2018: number of 3G, 4G users in Pakistan reaches 55.47 million

The number of 3G and 4G users in Pakistan reached 55.47 million by end-May 2018, said Pakistan Telecommunication Authority (PTA). Number of mobile phone users in Pakistan reached 150.32 million by end-May 2018 compared to 149.66 by end-April 2018, which r
Published 24 Jun, 2018 12:00am
Rangers' deployment extended for 60 days

Rangers' deployment extended for 60 days

The Punjab government has given approval for extension in deployment of Rangers in the province for 60 days. The summary of extension in deployment of Rangers would be sent to Interior Ministry for final approval. Under Anti-Terrorism Act 1997 Rangers wer
Published 24 Jun, 2018 12:00am
Shell inducts 120 new oil tankers into its haulier fleet

Shell inducts 120 new oil tankers into its haulier fleet

Shell Pakistan Limited (SPL), one of the world's leading energy companies, Saturday inducted 120 new state-of-the-art oil tankers to its haulier fleet at its Machike oil terminal. The induction of 120 new compliant oil tankers into its dedicated haulier f
Published 24 Jun, 2018 12:00am
LCCI's online membership system opens

LCCI's online membership system opens

Lahore Chamber of Commerce and Industry (LCCI) President Malik Tahir Javaid Saturday inaugurated modern system for issuance of online membership to the business community.
Published 24 Jun, 2018 12:00am
Prices of essential kitchen items witness decline after Eid

Prices of essential kitchen items witness decline after Eid

Prices of essential kitchen items have witnessed a decline after the passage of Eid-ul-Fitr, a survey conducted by Business Recorder revealed, here on Saturday. It was noted that prices of all the major daily use items especially vegetables, fruits
Published 24 Jun, 2018 12:00am
China's wheat output set to drop sharply in wake of bad weather

China's wheat output set to drop sharply in wake of bad weather

China's wheat output could drop as much as 20 percent this crop year after bad weather hit fields in major growing areas, likely boosting imports by the world's top producer and consumer of the grain, traders and an analyst said. Increased Chinese demand
Published 24 Jun, 2018 12:00am
Ivory Coast aims to grind one million tonnes of cocoa beans by 2022

Ivory Coast aims to grind one million tonnes of cocoa beans by 2022

Top cocoa producer Ivory Coast could grind 50 percent of its current output locally by 2022, boosted by fiscal measures and incentives given to companies in the sector, the deputy head of the Coffee Cocoa Council (CCC) marketing board said on Friday. "Yes
Published 24 Jun, 2018 12:00am
Coffee prices an 'embarrassment': Colombia federation head
Currency

Coffee prices an 'embarrassment': Colombia federation head

Current international coffee prices of around $1.15 per lb are an "embarrassment," the head of Colombia's coffee federation said on Wednesday, and growers are struggling to make a living off the crop. Colombia is the world's top producer of washed arabica
Published 24 Jun, 2018 12:00am
Brazil logistical woes threaten China's record soyabean stocks

Brazil logistical woes threaten China's record soyabean stocks

Soyabean supply at Chinese ports has hit a record high this month, a possible sign that crushers purposely loaded up on the Brazilian product in fear that soured US-China trade relations would ultimately make beans harder to obtain. For the soyabean marke
Published 24 Jun, 2018 12:00am
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