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Archive - 2018-07-01
Tennis World Cup returns in 2020
Sports

Tennis World Cup returns in 2020

PARIS: The Tennis World Cup is back on the sports calendar and will be contested in January 2020, the ATP confirmed on S
Published 01 Jul, 2018 09:54pm
Trump says Saudi king agrees to ramp up oil production

Trump says Saudi king agrees to ramp up oil production

US President Donald Trump said on Saturday that Saudi Arabia's King Salman had agreed to his request to ramp up oil production, a week after Opec already announced an output rise. The official Saudi Press Agency confirmed a phone call between the two lead
Published 01 Jul, 2018 12:00am
Trump says Saudi king agrees to ramp up oil production

Trump says Saudi king agrees to ramp up oil production

US President Donald Trump said on Saturday that Saudi Arabia's King Salman had agreed to his request to ramp up oil production, a week after Opec already announced an output rise. The official Saudi Press Agency confirmed a phone call between the two lead
Published 01 Jul, 2018 12:00am
Trump says Saudi king agrees to ramp up oil production

Trump says Saudi king agrees to ramp up oil production

US President Donald Trump said on Saturday that Saudi Arabia''s King Salman had agreed to his request to ramp up oil production, a week after Opec already announced an output rise. The official Saudi Press Agency confirmed a phone call between the two lea
Published 01 Jul, 2018 12:00am
Final list of candidates released

Final list of candidates released

As the extension in deadline to submit party tickets ended, the process of allotment of electoral symbols also completed. The Pakistan Muslim League-Nawaz (PML-N) has been allotted the symbol of Tiger, PML-Q has been allotted the Tractor, the Pakistan Teh
Published 01 Jul, 2018 12:00am
Final list of candidates released

Final list of candidates released

As the extension in deadline to submit party tickets ended, the process of allotment of electoral symbols also completed. The Pakistan Muslim League-Nawaz (PML-N) has been allotted the symbol of Tiger, PML-Q has been allotted the Tractor, the Pakistan Teh
Published 01 Jul, 2018 12:00am
Bilawal begins election drive by visiting Lyari

Bilawal begins election drive by visiting Lyari

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari on Saturday began his election drive with a visit to Lyari - a political stronghold of the Bhutto supporters. First, he paid a brief visit to the shrine of Abdullah Shah Ghazi, where he laid a s
Published 01 Jul, 2018 12:00am
Bilawal begins election drive by visiting Lyari

Bilawal begins election drive by visiting Lyari

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari on Saturday began his election drive with a visit to Lyari - a political stronghold of the Bhutto supporters. First, he paid a brief visit to the shrine of Abdullah Shah Ghazi, where he laid a s
Published 01 Jul, 2018 12:00am
Imran vows to strengthen institutions, end corruption

Imran vows to strengthen institutions, end corruption

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Saturday called upon his perturbed workers who are upset over decline of tickets, saying that they will be accommodated and given a chance to serve the country after formation of the party government.
Published 01 Jul, 2018 12:00am
Imran vows to strengthen institutions, end corruption

Imran vows to strengthen institutions, end corruption

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Saturday called upon his perturbed workers who are upset over decline of tickets, saying that they will be accommodated and given a chance to serve the country after formation of the party government.
Published 01 Jul, 2018 12:00am
POL products' prices enormously increased

POL products' prices enormously increased

In a surprise move, the caretaker government has announced a considerable increase in the prices of petroleum products for the month of July. The price of petrol has been increased by Rs 7.54 per litre, climbing to Rs 99.50, and that of High Speed Diesel
Published 01 Jul, 2018 12:00am
POL products' prices enormously increased

POL products' prices enormously increased

In a surprise move, the caretaker government has announced a considerable increase in the prices of petroleum products for the month of July. The price of petrol has been increased by Rs 7.54 per litre, climbing to Rs 99.50, and that of High Speed Diesel
Published 01 Jul, 2018 12:00am
POL products'' prices enormously increased

POL products'' prices enormously increased

In a surprise move, the caretaker government has announced a considerable increase in the prices of petroleum products for the month of July. The price of petrol has been increased by Rs 7.54 per litre, climbing to Rs 99.50, and that of High Speed Diesel
Published 01 Jul, 2018 12:00am
Loan write-off case: Consensus developed to build two new dams: CJP

Loan write-off case: Consensus developed to build two new dams: CJP

Chief Justice of Pakistan Mian Saqib Nisar announced on Saturday that there is a consensus among all stakeholders that two dams should be built with the money recovered from 222 companies whose loans worth billions of rupees had been written off illegally
Published 01 Jul, 2018 12:00am
Loan write-off case: Consensus developed to build two new dams: CJP

Loan write-off case: Consensus developed to build two new dams: CJP

Chief Justice of Pakistan Mian Saqib Nisar announced on Saturday that there is a consensus among all stakeholders that two dams should be built with the money recovered from 222 companies whose loans worth billions of rupees had been written off illegally
Published 01 Jul, 2018 12:00am
Amnesty ordinance promulgated

Amnesty ordinance promulgated

The government has issued a presidential ordinance to extend the date for filing of declarations under Voluntary Declaration of Domestic Assets Act, 2018 and Foreign Assets (Declaration and Repatriation) Act, 2018. Sources told Business Recorder he
Published 01 Jul, 2018 12:00am
Amnesty ordinance promulgated

Amnesty ordinance promulgated

The government has issued a presidential ordinance to extend the date for filing of declarations under Voluntary Declaration of Domestic Assets Act, 2018 and Foreign Assets (Declaration and Repatriation) Act, 2018. Sources told Business Recorder he
Published 01 Jul, 2018 12:00am
Amnesty ordinance promulgated

Amnesty ordinance promulgated

The government has issued a presidential ordinance to extend the date for filing of declarations under Voluntary Declaration of Domestic Assets Act, 2018 and Foreign Assets (Declaration and Repatriation) Act, 2018. Sources told Business Recorder he
Published 01 Jul, 2018 12:00am
Customs Appraisement-South collects Rs 454 billion duty during FY18

Customs Appraisement-South collects Rs 454 billion duty during FY18

The Customs Appraisement-South has collected Customs duty of Rs 454 billion during FY 2017-18, showing 21 percent growth as compared to Rs 377 billion collection made during last year. According to details, overall revenue collection of duties and taxes d
Published 01 Jul, 2018 12:00am
Rental Power Project: Shaukat Tareen files appeal against IHC judgment

Rental Power Project: Shaukat Tareen files appeal against IHC judgment

Former finance minister Shaukat Tareen on Saturday challenged the Islamabad High Court judgment regarding the NAB reference related to the alleged corruption in rental power project in the apex court, praying to set aside it. He filed the appeal under Art
Published 01 Jul, 2018 12:00am
Afghan forces resume offensive operations

Afghan forces resume offensive operations

Afghan security forces resumed offensive operations on Saturday after President Ashraf Ghani declared an end to the government's unilateral ceasefire with the Taliban. Ghani said the ceasefire, which lasted 18 days after it was extended once and overlappe
Published 01 Jul, 2018 12:00am
Afghan forces resume offensive operations

Afghan forces resume offensive operations

Afghan security forces resumed offensive operations on Saturday after President Ashraf Ghani declared an end to the government's unilateral ceasefire with the Taliban. Ghani said the ceasefire, which lasted 18 days after it was extended once and overlappe
Published 01 Jul, 2018 12:00am
SC orders AGP to complete PIA's audit in 10 weeks

SC orders AGP to complete PIA's audit in 10 weeks

The Supreme Court on Saturday ordered the Auditor General of Pakistan to complete the audit of national flag carrier, Pakistan International Airlines (PIA), for the last decade within the next 10 weeks and submit report.
Published 01 Jul, 2018 12:00am
SC orders AGP to complete PIA's audit in 10 weeks

SC orders AGP to complete PIA's audit in 10 weeks

The Supreme Court on Saturday ordered the Auditor General of Pakistan to complete the audit of national flag carrier, Pakistan International Airlines (PIA), for the last decade within the next 10 weeks and submit report.
Published 01 Jul, 2018 12:00am
SC orders AGP to complete PIA''s audit in 10 weeks

SC orders AGP to complete PIA''s audit in 10 weeks

The Supreme Court on Saturday ordered the Auditor General of Pakistan to complete the audit of national flag carrier, Pakistan International Airlines (PIA), for the last decade within the next 10 weeks and submit report.
Published 01 Jul, 2018 12:00am
SC orders AGP to complete PIA''''s audit in 10 weeks

SC orders AGP to complete PIA''''s audit in 10 weeks

The Supreme Court on Saturday ordered the Auditor General of Pakistan to complete the audit of national flag carrier, Pakistan International Airlines (PIA), for the last decade within the next 10 weeks and submit report.
Published 01 Jul, 2018 12:00am
Monsoon rains to have positive impact on Kharif crops: ministry
Cotton

Monsoon rains to have positive impact on Kharif crops: ministry

The ongoing monsoon rains would have a positive impact over Kharif crops production including sugarcane, rice and cotton cultivated over large areas of the country. A senior official of Ministry of National Food Security and Research (MNS&R) told Busin
Published 01 Jul, 2018 12:00am
Monsoon rains to have positive impact on Kharif crops: ministry
Cotton

Monsoon rains to have positive impact on Kharif crops: ministry

The ongoing monsoon rains would have a positive impact over Kharif crops production including sugarcane, rice and cotton cultivated over large areas of the country. A senior official of Ministry of National Food Security and Research (MNS&R) told Busin
Published 01 Jul, 2018 12:00am
Monsoon rains to have positive impact on Kharif crops: ministry
Cotton

Monsoon rains to have positive impact on Kharif crops: ministry

The ongoing monsoon rains would have a positive impact over Kharif crops production including sugarcane, rice and cotton cultivated over large areas of the country. A senior official of Ministry of National Food Security and Research (MNS&R) told Busin
Published 01 Jul, 2018 12:00am
Confronting the climate challenge

Confronting the climate challenge

A new book out of the World Bank on "South Asia's Hotspots - The Impact of Temperature and Precipitation Changes on Living Styles" warns of the clear and present danger of changing weather conditions' impact on living standards in this region. In Pakistan
Published 01 Jul, 2018 12:00am
Fighting fire hazards in Karachi

Fighting fire hazards in Karachi

According to a press report, Karachi is to have its first 104-meter tall snorkel truck to deal with emergency situations, though it is not a first for the country. Lahore acquired a similar machine two years ago for its emergency rescue service. It is a m
Published 01 Jul, 2018 12:00am
Data services

Data services

No national policy can be comprehensive and durable unless backed by robust data derived from reliable sources and made available in z timely manner to policy managers. Pertinent to mention that that David Spiegelhalter, President of Royal Statistical Soc
Published 01 Jul, 2018 12:00am
'Envoy says Pakistan cooperating with US'

'Envoy says Pakistan cooperating with US'

How ironic it is that the Trump administration continues to treat a country that has rendered unmatched sacrifices in the global war on terror with sheer disdain and ambivalence. Nikki Haley, the US envoy to the United Nations has, for example, said that
Published 01 Jul, 2018 12:00am
No party may get an overall majority, indicates survey

No party may get an overall majority, indicates survey

Pakistan Tehreek-e-Insaf (PTI) may find it a challenge to form the next government on its own, given that anecdotal surveys indicate that no party will get an overall majority on 25 July, political pundits in all three major parties told Business Recor
Published 01 Jul, 2018 12:00am
Major political parties allege pre-poll rigging

Major political parties allege pre-poll rigging

All major national political parties claim pre-poll rigging is ongoing and are demanding that the Election Commission of Pakistan (ECP) and caretaker governments take timely measures to ensure free and fair elections on July 25.
Published 01 Jul, 2018 12:00am
FO slams Indian act of registering FIR against Andrabi

FO slams Indian act of registering FIR against Andrabi

Pakistan on Saturday condemned registration of first information report (FIR) against Aasiya Andrabi, a Kashmiri leader, by Indian National Investigation Agency (NIA), terming it an attempt to implicate the Hurriyet leader in fabricated cases.
Published 01 Jul, 2018 12:00am
Earthquake jolts Swat

Earthquake jolts Swat

Mingora and the adjoining areas of Swat were jolted by an earthquake on Saturday. According to the Pakistan Meteorological Department, the earthquake measure 4.6 on the Richter scale at a depth of 217 kilometers. The epicenter of the tremor was in the Hin
Published 01 Jul, 2018 12:00am
Jabbar terms Trump-Kim summit 'a good sign'

Jabbar terms Trump-Kim summit 'a good sign'

The summit between US President Donald Trump and North Korean President Kim Jong-un will decide new direction of conflict resolution in the work. These views were expressed by former federal minister Javed Jabbar while speaking on "The summit between US P
Published 01 Jul, 2018 12:00am
NAB to initiate another probe against Cheema

NAB to initiate another probe against Cheema

The National Accountability Bureau (NAB) is learnt to have initiating another probe against bureaucrat Ahad Cheema into the River Ravi Zone Front Development Project. Cheema, the former director-general of Lahore Development Authority (LDA), who is alread
Published 01 Jul, 2018 12:00am
Bilawal asks caretakers not to raise PoL products' prices

Bilawal asks caretakers not to raise PoL products' prices

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has criticized the caretaker government's move to increase PoL prices and asked it to desist from any such decision. In statement, the PPP Chairman expressed concerns over the reports that caretaker g
Published 01 Jul, 2018 12:00am
PHC chief for ensuring transparency in ETPB's auction

PHC chief for ensuring transparency in ETPB's auction

Patron-in-chief of Pakistan Hindu Council (PHC) Dr Ramesh Kumar Vankwani, in order to get rid of heavy foreign debts, has proposed to adopt a transparent mechanism for open auction of all property under the Evacuee Trust Property Board (ETPB).
Published 01 Jul, 2018 12:00am
Graduation ceremony of 31st Air War Course held

Graduation ceremony of 31st Air War Course held

The graduation ceremony of 31st Air War Course was held at PAF Air War College, Faisal on Saturday with Sindh Governor Muhammad Zubair as chief guest. Upon his arrival, the Governor was received by Air Vice Marshal Abrar Ahmed, Commandant Air War College.
Published 01 Jul, 2018 12:00am
Final list issued: PTI fields maximum number of candidates for polls

Final list issued: PTI fields maximum number of candidates for polls

Pakistan Tehreek-e-Insaf (PTI) has emerged as the single largest political party which fielded maximum number of candidates for the upcoming general election by covering almost 90 percent of national and provincial assemblies' seats throughout the country
Published 01 Jul, 2018 12:00am
Three abducted last week in Capital

Three abducted last week in Capital

The incidents of car lifting showed an upward trend in the federal capital during the last week as auto thieves stole/ snatched 10 vehicles, including motor bikes, from the jurisdiction of different police stations. According to data gathered by Business
Published 01 Jul, 2018 12:00am
ECP allots 'jeep' symbol to Nisar

ECP allots 'jeep' symbol to Nisar

The Election Commission of Pakistan (ECP) on Saturday has allotted the symbol of 'jeep' to estranged PML-N leader Chaudhry Nisar. His lawyer had submitted a plea to Returning Officer (RO) which adopted stance that Nisar is contesting election from NA-59 a
Published 01 Jul, 2018 12:00am
Tough contest likely between PTI, ANP candidates in NA-21

Tough contest likely between PTI, ANP candidates in NA-21

A tough and interesting competition is likely between Pakistan Tehreek-e-Insaf (PTI) candidate and former provincial minister Muhammad Atif Khan and Awami National Party (ANP) candidate and former chief ministry Ameer Haider Hoti on NA-21 Mardan-II (previ
Published 01 Jul, 2018 12:00am
Huge quantity of narcotics seized near Peshawar

Huge quantity of narcotics seized near Peshawar

Directorate of Intelligence & Investigation (Customs)-FBR, Peshawar, has seized huge quantity of narcotics which was being smuggled from tribal area towards down country.
Published 01 Jul, 2018 12:00am
Sherpao slams PTI for fielding affluent people

Sherpao slams PTI for fielding affluent people

Qaumi Watan Party chairman Aftab Ahmad Khan Sherpao severely criticized the PTI leadership for fielding only wealthy people and ignoring underprivileged party workers.
Published 01 Jul, 2018 12:00am
Uplift works visible in every nook & cranny of my constituency: Nisar

Uplift works visible in every nook & cranny of my constituency: Nisar

Chaudhry Nisar Ali Khan once again claimed that he fought the war on terrorism along with the armed forces, and was also responsible for the Karachi operation. The disgruntled Pakistan Muslim League-Nawaz (PML-N) leader, who is now contesting as an indepe
Published 01 Jul, 2018 12:00am
Hoti threatens to protest against sacking of AWKU officials

Hoti threatens to protest against sacking of AWKU officials

Former federal minister Nawabzada Khwaja Mohammad Khan Hoti has warned that they will protest against sacking of more than 271 employees by administration of Abdul Wali Khan University (AWKU) Mardan. Speaking at a news conference at Mardan Press Club on S
Published 01 Jul, 2018 12:00am
Prices of essential kitchen items witness increase

Prices of essential kitchen items witness increase

Prices of essential kitchen items witnessed an increase during this week past as compared to preceding week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed that during the week under review, prices of vegetab
Published 01 Jul, 2018 12:00am
SBP's 70th anniversary celebrations kick-off today
Currency

SBP's 70th anniversary celebrations kick-off today

The State Bank of Pakistan (SBP) is celebrating its 70th anniversary today (Sunday). To celebrate the event in letter and spirit, SBP has announced to organise a number of activities to commemorate the achievements and milestones achieved so far. The SBP
Published 01 Jul, 2018 12:00am
Children emergency care centre opens at ASH

Children emergency care centre opens at ASH

ChildLife Foundation in collaboration with Government of Sindh on Saturday inaugurated Children's ER, Abbasi Shaheed Hospital to provide free of cost emergency care for the residents of Nazimabad and its surrounding areas.
Published 01 Jul, 2018 12:00am
ABC certification

ABC certification

The Federal Government has extended the time of ABC certification from 01 year to three years and the renewal of registration of newspapers upto five years," stated a press release of the APNS.
Published 01 Jul, 2018 12:00am
ABAD to create Rs 1 billion fund for construction of low cost houses

ABAD to create Rs 1 billion fund for construction of low cost houses

Association of Builders and Developers of Pakistan (ABAD) on Saturday announced to create a seed fund of Rs1 billion for construction of affordable low cost housing throughout Pakistan to overcome shortage of housing in the country and provide quality hou
Published 01 Jul, 2018 12:00am
Chashma Right Bank Canal project to cost Rs 120 billion, CM told

Chashma Right Bank Canal project to cost Rs 120 billion, CM told

Caretaker Chief Minister Khyber Pakhtunkhwa, former Justice Dost Mohammad Khan was Saturday told that Chashma Right Bank Canal Project on the right bank of Chashma Barrage D.I.Khan was being constructed with the cost of Rs120 billion.
Published 01 Jul, 2018 12:00am
Farooq Sattar says he has no role in selection of candidates

Farooq Sattar says he has no role in selection of candidates

Muttahida Qaumi Movement Pakistan (MQM-P) leader Farooq Sattar says he has no role in the selection of party candidates for the coming general elections. Talking to the media after his appearance before the Returning Officer of NA-245, the MQM-P leader sa
Published 01 Jul, 2018 12:00am
UD Trucks Quester range launched in Pakistan

UD Trucks Quester range launched in Pakistan

UD Trucks Corporation, together with VPL Limited, the authorized distributor of UD Trucks in Pakistan, launched the all-new UD Quester heavy-duty truck range in Pakistan.
Published 01 Jul, 2018 12:00am
Sindh government forms task force to check marine life

Sindh government forms task force to check marine life

Sindh Government has formed a task force comprising officials of federal and provincial governments for taking steps to check the marine life, chief secretary (CS) told Sindh Water Commission (SWC) on Saturday. Pursuant to the order of the commission few
Published 01 Jul, 2018 12:00am
PSP fields candidates on all NA seats of Karachi

PSP fields candidates on all NA seats of Karachi

Pak Sarzameen Party (PSP) on Saturday released the list of its candidates for seats of national and provincial assemblies in the country for the next general elections. According to an announcement of the party, PSP fielded its candidates for all the nati
Published 01 Jul, 2018 12:00am
MCC Gwadar collects Rs 2.041 billion duty in June

MCC Gwadar collects Rs 2.041 billion duty in June

Model Customs Collectorate, Gwadar on Saturday claimed to have collected Rs 2.041 billion customs duty as against the assigned target of Rs 737 million for the month of June 2018, depicting 180 percent growth.
Published 01 Jul, 2018 12:00am
Health Media Conference held at AKUH

Health Media Conference held at AKUH

Great reporting does not always produce good storytelling but there is no great storytelling without great reporting, Stephen Buckley, faculty member of the Aga Khan University Graduate School of Media and Communication told the participants of Health Med
Published 01 Jul, 2018 12:00am
Around 7500 students appear in GIKI entry test today

Around 7500 students appear in GIKI entry test today

Rector, Ghulam Ishaq Khan Institute of Engineering Sciences and Technology (GIKIECT) Jehangir Bashar has said on Saturday that about 7500 students from all over the country will appear in the Institute's entry test on Sunday (today). The GIKIECT's entry t
Published 01 Jul, 2018 12:00am
Over 1,000 awarded degrees at LUMS convocation

Over 1,000 awarded degrees at LUMS convocation

The 30th convocation ceremony of the Lahore University of Management Sciences (LUMS) was held on Saturday, where the university graduated its largest batch to date. The ceremony presented a reunion of the entire university, with over 1000 graduating stude
Published 01 Jul, 2018 12:00am
India to deploy women commandos in IHK to tame mob

India to deploy women commandos in IHK to tame mob

The Indian government has decided to deploy women commandoes in occupied Kashmir to 'tackle stone pelting incidents in the valley'. According to Times of India, the Central Reserve Police Force (CRPF) has prepared a team of lady commandos to deal with pro
Published 01 Jul, 2018 12:00am
Faisal Kundi withdraws in favour of PTI candidate

Faisal Kundi withdraws in favour of PTI candidate

Candidate of Pakistan Peoples Party (PPP) former Deputy Speaker of National Assembly, Faisal Kareem Kundi on Saturday has withdrawn his candidature for NA-37 Tank in the favour of Pakistan Tehreek-e-Insaf (PTI). As a part of seat adjustment, PPP has taken
Published 01 Jul, 2018 12:00am
Stern action ordered over violation of ECP's code of conduct

Stern action ordered over violation of ECP's code of conduct

Chief Secretary Punjab Akbar Hussain Durrani on Saturday ordered the authorities to take stern action over violation of code of conduct issued by the Election Commission of Pakistan. He said that the government servants, who have affiliations with politic
Published 01 Jul, 2018 12:00am
PU Syndicate recommends Rs 9.69 billion budget

PU Syndicate recommends Rs 9.69 billion budget

Punjab University Syndicate meeting presided over by Vice Chancellor Prof Niaz Ahmed, on Saturday recommended Rs 9.69 billion budget for the approval of Senate for the year 2018-19. The university expects a total grant of Rs 2.637 billion from Higher Educ
Published 01 Jul, 2018 12:00am
Elite Force to undergo training ahead of polls

Elite Force to undergo training ahead of polls

A seven-day training session for the Elite Force personnel has been started in all districts of the province in which they will be guided about handling of sensitive situations like protection of ballot boxes, dealing with returning officers, VIPs, first
Published 01 Jul, 2018 12:00am
Suspect held with explosives

Suspect held with explosives

The Counter Terrorism Department (CTD) arrested a terrorist of banned Al-Qaeda and recovered explosives here on Saturday. The CTD source said that on an intelligence tip-off, operation was conducted in Sialkot. During operation, a terrorist of Al-Qaeda Um
Published 01 Jul, 2018 12:00am
Saarc CCI Pakistan chapter cancels New Delhi's visit

Saarc CCI Pakistan chapter cancels New Delhi's visit

SAARC CCI Pakistan chapter cancelled its three-day visit to India at the eleventh's hour to participate in SAARC Development Fund (SDF) Partnership Conclave 2018 commencing from July 01 due its hostility towards Pakistan especially in regard of sabotaging
Published 01 Jul, 2018 12:00am
PAF marked new history in fight against terrorism: Askari

PAF marked new history in fight against terrorism: Askari

Interim Punjab Chief Minister Dr Hasan Askari on Saturday said Pakistan Air Force (PAF) has marked a new history in the war against terrorism. He said this while talking to Air Officer Commanding Central Air Command Pakistan Air Force (PAF), Air Vice Mars
Published 01 Jul, 2018 12:00am
Monsoon rains: LCCI for upgradation of drainage system

Monsoon rains: LCCI for upgradation of drainage system

Keeping in view the expected heavy monsoon rains, the Lahore Chamber of Commerce & Industry has called for upgradation of the drainage system and necessary equipment on war footing. LCCI President Malik Tahir Javaid said that sewerage system in the market
Published 01 Jul, 2018 12:00am
Shahbaz denies allegations of lending support to Reham

Shahbaz denies allegations of lending support to Reham

Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif has denied allegations of lending any form of support to Reham Khan for her upcoming book. In his interview to a private TV channel, Shahbaz said: "I am neither behind Reham's book nor gave her
Published 01 Jul, 2018 12:00am
Shujaat accuses PML-N of ruining economy

Shujaat accuses PML-N of ruining economy

Pakistan Muslim League-Quaid (PML-Q) leader Chaudhry Shujaat on Saturday said that Chaudhry Pervaiz Elahi had left Rs100 billion in the Punjab's exchequer when their government tenure ended.
Published 01 Jul, 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 01 Jul, 2018 12:00am
Supply risks to bolster oil; Opec unlikely to fill deficit

Supply risks to bolster oil; Opec unlikely to fill deficit

Oil prices look set to stay strong for the rest of this year and in 2019 thanks to supply disruptions and as extra oil from Opec fails to meet rising demand, a Reuters poll showed on Friday. A survey of 35 economists and analysts forecasts Brent crude wil
Published 01 Jul, 2018 12:00am
Brazil's coffee stocks at lowest level since 2012

Brazil's coffee stocks at lowest level since 2012

Coffee stocks in Brazil, the world's top producer and exporter, were at 9.82 million 60-kg bags at the end of the 2017/18 crop, 0.4 percent less than at the same time a year ago and the lowest level since 2012, according to a report on Thursday.
Published 01 Jul, 2018 12:00am
China drops tariffs on animal feed from Asian countries

China drops tariffs on animal feed from Asian countries

China will remove import tariffs on animal feed ingredients including soyabeans, soyameal and rapeseed from five Asian countries, the Ministry of Finance said on Tuesday, a sign Beijing is seeking alternative supplies of the commodities as a trade dispute
Published 01 Jul, 2018 12:00am
South Africa's 2018 maize harvest up two percent

South Africa's 2018 maize harvest up two percent

South Africa's maize harvest is expected to be 13.207 million tonnes this year, higher than previous estimates, due to improved weather conditions, the government's Crop Estimates Committee (CEC) said on Wednesday. The CEC's latest estimate is 2 percent h
Published 01 Jul, 2018 12:00am
US soya acres top corn for the first time since 1983: USDA

US soya acres top corn for the first time since 1983: USDA

US farmers planted more soyabean acres than corn for the first time in 35 years even as domestic soya supplies reached the biggest on record for early June, the US Agriculture Department said on Friday. Growers hoped for better profits for the oilseed, wh
Published 01 Jul, 2018 12:00am
Palm oil giant still linked to Indonesia logging

Palm oil giant still linked to Indonesia logging

The world's largest palm oil trader is still linked to deforestation in Indonesia despite committing five years ago to stop logging the archipelago's vast tracts of jungle, Greenpeace said Monday. Singapore-listed Wilmar International has close family tie
Published 01 Jul, 2018 12:00am
China smelters' plan to boost zinc prices may fall flat

China smelters' plan to boost zinc prices may fall flat

The plan by China's top zinc smelters to cut output may not be enough to bring sustained long-term relief to the beleaguered sector as galvanising demand from the steel industry weakens and inventories swell, four industry sources said on Friday.
Published 01 Jul, 2018 12:00am
Zinc rally over? Bears think so but spreads bite back

Zinc rally over? Bears think so but spreads bite back

Is that it for the zinc rally? After hitting a 10-year high of $3,595.50 per tonne in February, the London Metal Exchange (LME) price has been sliding ever since. The retreat has extended to $2,946.50 so far on Thursday morning, the lowest level since Aug
Published 01 Jul, 2018 12:00am
Thousands in US march against immigration policy

Thousands in US march against immigration policy

Thousands of demonstrators, baking in the heat and boiling mad at US immigration policy, marched across the country Saturday to protest the separation of families under President Donald Trump's hardline agenda. Directly across from the White House, demons
Published 01 Jul, 2018 12:00am
Trump fails to rule out accepting Russian claim on Crimea

Trump fails to rule out accepting Russian claim on Crimea

US President Donald Trump refused on Friday to rule out accepting Russia's annexation of Ukraine's Crimea region when he meets his Kremlin counterpart Vladimir Putin next month. Asked by reporters whether he was considering - as has been reported - droppi
Published 01 Jul, 2018 12:00am
Palestinians call for 'revenge' at funeral of boy killed by Israeli fire

Palestinians call for 'revenge' at funeral of boy killed by Israeli fire

Thousands of Palestinians on Saturday attended the funeral of the 11-year-old son of a Hamas military commander killed by Israeli fire in the southern Gaza Strip, with mourners demanding "revenge". Yasser Abu al-Naja, whose father is a member of Hamas's m
Published 01 Jul, 2018 12:00am
Two Palestinians die in Gaza fireworks blast

Two Palestinians die in Gaza fireworks blast

Two Palestinians died and six others were injured in Gaza on Saturday when a fireworks factory caught fire, causing an explosion, health and security officials said. Police in the Hamas-ruled territory have opened an investigation into the blast in the Sh
Published 01 Jul, 2018 12:00am
Rape of seven-year-old girl sparks angry protests in India

Rape of seven-year-old girl sparks angry protests in India

Thousands of people took to the streets in central India this week demanding the death penalty for assailants who raped a seven-year-old girl lured away from school as she waited to be picked up by her parents. Two men have been arrested for the crime in
Published 01 Jul, 2018 12:00am
Spain NGO ship saves 59 migrants, Italy refuses access

Spain NGO ship saves 59 migrants, Italy refuses access

A Spanish NGO said Saturday it had rescued 59 migrants as they tried to cross the Mediterranean from Libya, drawing condemnation from Italy's far-right interior minister who said they were not welcome in his country. The news comes a day after three babie
Published 01 Jul, 2018 12:00am
Sri Lanka moves navy unit to Chinese-run port

Sri Lanka moves navy unit to Chinese-run port

Sri Lanka will move its southern naval command to a port leased to a state-run Chinese firm but China will not use it for military purposes, the prime minister's office said Saturday. Colombo's announcement will likely raise fresh concerns in New Delhi ov
Published 01 Jul, 2018 12:00am
Iraq to begin manual recount of election votes on Tuesday

Iraq to begin manual recount of election votes on Tuesday

Iraq will begin a manual recount of votes on Tuesday from a May parliamentary election clouded by allegations of fraud, a step towards the formation of a new parliament and government. Only suspect ballots flagged in formal complaints or official reports
Published 01 Jul, 2018 12:00am
Crowds fill sweltering London streets for NHS anniversary demo

Crowds fill sweltering London streets for NHS anniversary demo

Thousands of people braved hot weather Saturday to march through London to "celebrate and demonstrate" over Britain's National Health Service (NHS) ahead of its 70th anniversary next week. Protesters gathered from noon in the capital's West End district b
Published 01 Jul, 2018 12:00am
Eight south Syria towns return to regime control under deals

Eight south Syria towns return to regime control under deals

At least eight battered rebel-held towns in southern Syria on Saturday returned to regime control under Russian-brokered deals after nearly two weeks of bombardment, a Britain-based monitor said. Since June 19, the Damascus regime has pressed a deadly bom
Published 01 Jul, 2018 12:00am
Mumbai's Victorian Gothic and Art Deco buildings win UNESCO status

Mumbai's Victorian Gothic and Art Deco buildings win UNESCO status

Mumbai's Art Deco buildings - believed to be the world's second largest collection after Miami - were added on Saturday to UNESCO's World Heritage List alongside the city's better-known Victorian Gothic architecture. The decision was approved at a UNESCO
Published 01 Jul, 2018 12:00am
US envoy to Estonia to retire over frustration with Trump

US envoy to Estonia to retire over frustration with Trump

The US ambassador to Estonia, James Melville, will retire from the State Department next month, a move he reportedly said was prompted by Donald Trump's jibes and treatment of European allies. The announcement comes ahead of a summit in Brussels of Nato a
Published 01 Jul, 2018 12:00am
France end Messi's World Cup dream in 4-3 thriller

France end Messi's World Cup dream in 4-3 thriller

France roared back against Argentina to reach the World Cup quarter-finals on Saturday as wonderkid Kylian Mbappe sent Lionel Messi home from Russia empty-handed following a seven-goal thriller. The 1998 champions won 4-3 and looked a totally different si
Published 01 Jul, 2018 12:00am
FIFA fines World Cup hosts Russia for discriminatory banner

FIFA fines World Cup hosts Russia for discriminatory banner

FIFA has fined World Cup hosts Russia 10,000 Swiss francs ($10,100) after their fans displayed a discriminatory banner during the country's 3-0 World Cup loss to Uruguay. Russia play Spain in the last 16 on Sunday after the country reached the World Cup k
Published 01 Jul, 2018 12:00am
Bring on England, says Kohli after Ireland rout

Bring on England, says Kohli after Ireland rout

Virat Kohli is happy that India are well prepared to take on in-form England when their much-awaited series starts on Tuesday with the first of three Twenty20 internationals. India completed the formality of a 2-0 win in Ireland on Friday with their bigge
Published 01 Jul, 2018 12:00am
Malan brought in as cover for India T20 series opener

Malan brought in as cover for India T20 series opener

Dawid Malan looks set to play in the opening game of England's three match T20 series with India after being called up as cover for the injured Tom Curran on Saturday. The 30-year-old batsman - who made a sparkling T20 debut for England with 78 off just 4
Published 01 Jul, 2018 12:00am
All KP Amateur Mui Thai Karate Tournament concludes

All KP Amateur Mui Thai Karate Tournament concludes

The 9th All-Khyber Pakhunkhwa Amateur Mui Thai Karate Tournament concluded with all the districts across Khyber Pakhunkhwa took part. Deputy Director Sports Aziz Ullah Jan was the chief guest on this occasion. President Sahibzada Abdul Hadi, General Secre
Published 01 Jul, 2018 12:00am
Emerging players training programme from July 2nd

Emerging players training programme from July 2nd

Pakistan Cricket Board (PCB) is all set to hold the 'NCA Emerging Players High-Performance Skill and Training Program' here at the National Cricket Academy from July 2, 2018 to August 18. The National Selection Committee has selected as many as 26 players
Published 01 Jul, 2018 12:00am
Peshawar, Bannu enter into KP Volleyball final

Peshawar, Bannu enter into KP Volleyball final

eshawar and Bannu will clash in the final of the ongoing Khyber Pakhtunkhwa Inter-Divisional Volleyball Championship being played here at PSB Coaching Center on Saturday. Deputy Director Sports Tariq Khan was the chief guest on this occasion and before th
Published 01 Jul, 2018 12:00am
World T20 number one spot on line in Zimbabwe

World T20 number one spot on line in Zimbabwe

Australia, Pakistan and Zimbabwe meet in a T20 tri-series starting in Harare on Sunday with the world number one ranking on the line in the sport's shortest format. Pakistan travel to Zimbabwe as the world's top rated team but if the Australians are able
Published 01 Jul, 2018 12:00am
Mascherano calls time on career after painful France defeat

Mascherano calls time on career after painful France defeat

Argentina's most-capped player Javier Mascherano called time on his international career Saturday after the painful World Cup defeat to France. "It's time to say goodbye," the 34-year-old ex-Barcelona, Liverpool and West Ham midfielder said after Argentin
Published 01 Jul, 2018 12:00am
Lee sets up Malaysia Open final clash

Lee sets up Malaysia Open final clash

Malaysia's Lee Chong Wei set up a sensational final clash against Japan's Kento Momota at the Malaysia Open after an easy 21-18, 21-15 victory over Indonesia's Tommy Sugiarto in the semifinals on Saturday. The triumph meant Lee, 35, extended his win ratio
Published 01 Jul, 2018 12:00am
Poland's most decorated Olympian Szewinska dies

Poland's most decorated Olympian Szewinska dies

Irena Szewinska, Poland's most decorated Olympian with seven medals across five track and field events, died aged 72 on Friday night, the Polish Olympic Committee (POC) said. A five-time Olympian, Szewinska won golds in 4x100m at the 1964 Tokyo Games, in
Published 01 Jul, 2018 12:00am
Ten years on, Nadal looks back on 'emotional' Wimbledon win over Federer

Ten years on, Nadal looks back on 'emotional' Wimbledon win over Federer

Ten years after out-duelling Roger Federer to win the greatest Wimbledon final, Rafael Nadal returns to the All England Club still basking in the warm glow of that epic encounter. After losing to Federer in successive Wimbledon finals, Nadal finally got t
Published 01 Jul, 2018 12:00am
Thyssenkrupp, Tata Steel seal landmark joint venture deal

Thyssenkrupp, Tata Steel seal landmark joint venture deal

Germany's Thyssenkrupp and India's Tata Steel signed a final agreement on Saturday to establish a long-expected steel joint venture, the European steel industry's biggest shake-up in more than a decade.
Published 01 Jul, 2018 12:00am
Japan's factory output eases

Japan's factory output eases

Japan's industrial output declined far less than expected last month and the jobless rate hit its lowest in over 25 years in a sign of a gradual economic recovery from a slump in the first quarter, though risks to the outlook have increased from US trade
Published 01 Jul, 2018 12:00am
Trump, Trudeau discuss trade, economic issues over phone call

Trump, Trudeau discuss trade, economic issues over phone call

US President Donald Trump spoke with Canadian Prime Minister Justin Trudeau late on Friday to discuss trade and other economic issues, White House Press Secretary Sarah Sanders said on Saturday. The phone call between the two leaders was the first to be p
Published 01 Jul, 2018 12:00am
Novartis chairman says Alcon worth $20-30 billion

Novartis chairman says Alcon worth $20-30 billion

The chairman of Swiss drugmaker Novartis Alcon to be valued at between $20 billion and $30 billion when the opthalmic devices unit is spun off to shareholders next year, he said in an interview with Finanz und Wirtschaft. "Just how much it's ultimately go
Published 01 Jul, 2018 12:00am
China factory growth slows in June as trade tensions rise
Currency

China factory growth slows in June as trade tensions rise

Growth in China's manufacturing sector slowed in June after a better-than-expected performance in May, official data showed, as escalating trade tensions with the United States fuel concerns about a slowdown in the world's second-biggest economy.
Published 01 Jul, 2018 12:00am
GM warns Trump tariffs could lead to 'smaller GM'

GM warns Trump tariffs could lead to 'smaller GM'

General Motors warned Friday that it could be forced to cut jobs and raise prices on its cars if the President Donald Trump's confrontational approach on trade spirals into a trade war. In comments expressing concern over Trump's proposed 25 percent tarif
Published 01 Jul, 2018 12:00am
BMW says US tariffs on EU cars may hit investment

BMW says US tariffs on EU cars may hit investment

US tariffs on imported cars could lead BMW to reduce investment and cut jobs in the United States due to the large number of cars it exports from its South Carolina plant, the German carmaker has warned. President Trump's administration last month launche
Published 01 Jul, 2018 12:00am
IMF approves $2 billion loan installment for Egypt
Currency

IMF approves $2 billion loan installment for Egypt

The International Monetary Fund on Friday approved the fourth installment of a $12 billion, three-year loan for Egypt, bringing the total released to date to just over $8 billion. The IMF board approved the latest $2 billion disbursement under the aid dea
Published 01 Jul, 2018 12:00am
Better-than-expected Canada growth boosts rate hike prospects

Better-than-expected Canada growth boosts rate hike prospects

Canada's economy shrugged off the effects of bad weather to post unexpected growth in April and business optimism rose to near record levels in the second quarter, pushing up the Canadian dollar and boosting odds of an interest rate hike next month. Stati
Published 01 Jul, 2018 12:00am
Wall Street ekes out gain as Nike surges

Wall Street ekes out gain as Nike surges

Wall Street's major stock indexes edged higher on Friday, as a surge in Nike Inc shares helped the quarter close out on an upswing while concerns over US international trade relations ebbed. For the quarter, the Dow, the S&P 500 and the Nasdaq all posted
Published 01 Jul, 2018 12:00am
Halfway through 2018, S&P 500 delivers little to investors
Mutual Funds

Halfway through 2018, S&P 500 delivers little to investors

Halfway through 2018, investing in Wall Street's leading S&P 500 stock index has been nothing to shout about. The index of about 500 of the largest US corporations has risen 1.7 percent year to date, far short of its 8 percent increase in the first half o
Published 01 Jul, 2018 12:00am
Energy and pot stocks help TSX to best quarter in four years

Energy and pot stocks help TSX to best quarter in four years

Canada's main stock index notched its biggest quarterly gain in more than four years and could gain more this year as higher oil prices boost energy shares and legalization of pot leads to deal making among cannabis companies, investors said. In the secon
Published 01 Jul, 2018 12:00am
Migration deal knocks German Bunds, lifts Italian bonds
Currency

Migration deal knocks German Bunds, lifts Italian bonds

Italian government bond yields dropped sharply across the board after a deal among European Union leaders to tackle migration eased fears of no accord and averted a potential clash between Italy's new populist government and the European Union. Italy's 10
Published 01 Jul, 2018 12:00am
Migration deal knocks German Bunds, lifts Italian bonds
Currency

Migration deal knocks German Bunds, lifts Italian bonds

Italian government bond yields dropped sharply across the board after a deal among European Union leaders to tackle migration eased fears of no accord and averted a potential clash between Italy's new populist government and the European Union. Italy's 10
Published 01 Jul, 2018 12:00am
US bond market recession gauge nearer to red signal

US bond market recession gauge nearer to red signal

An inversion in US Treasury yields, a solid and reliable predictor of past recessions, is at most two years away and perhaps only a year off, according to bond market experts polled by Reuters who have brought their forecasts nearer. While there is still
Published 01 Jul, 2018 12:00am
US bond market recession gauge nearer to red signal

US bond market recession gauge nearer to red signal

An inversion in US Treasury yields, a solid and reliable predictor of past recessions, is at most two years away and perhaps only a year off, according to bond market experts polled by Reuters who have brought their forecasts nearer. While there is still
Published 01 Jul, 2018 12:00am
Abraaj affair hits UAE, MSCI hopes should buoy Kuwait

Abraaj affair hits UAE, MSCI hopes should buoy Kuwait

The planned liquidation of the Middle East's biggest private equity firm has hurt sentiment toward stocks in the United Arab Emirates, while Kuwait's outlook is bullish as it may join MSCI's emerging market index, a Reuters poll showed on Thursday. Dubai-
Published 01 Jul, 2018 12:00am
UK stocks coverage shrinks after new research rules

UK stocks coverage shrinks after new research rules

The number of financial analysts tracking small companies fell during in the first half of 2018 as changes in European Union rules forced a shakeup in how banks charge for research - potentially clouding investor visibility in some areas. Under the Market
Published 01 Jul, 2018 12:00am
China's Xiaomi raises $4.72 billion

China's Xiaomi raises $4.72 billion

China's Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world's biggest tech float in four years, people close to the transaction said on Friday. That values the firm at abo
Published 01 Jul, 2018 12:00am
Global funds cut stocks to 11-month lows, eye trade war risk

Global funds cut stocks to 11-month lows, eye trade war risk

Global investors cut equities to 11-month lows in June and raised cash levels as the US ratcheted up trade tensions, but a majority of Reuters poll participants still expect world stocks to end 2018 higher after a volatile first half. The monthly asset-al
Published 01 Jul, 2018 12:00am
Global funds cut stocks to 11-month lows, eye trade war risk

Global funds cut stocks to 11-month lows, eye trade war risk

Global investors cut equities to 11-month lows in June and raised cash levels as the US ratcheted up trade tensions, but a majority of Reuters poll participants still expect world stocks to end 2018 higher after a volatile first half. The monthly asset-al
Published 01 Jul, 2018 12:00am
Speculators boost net long US dollar bets for second week
Currency

Speculators boost net long US dollar bets for second week

Speculators increased bullish bets on the US dollar for a second straight week, pushing net long positions to their largest since mid-May last year, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.
Published 01 Jul, 2018 12:00am
Dollar dips as EU migration deal boosts euro
Currency

Dollar dips as EU migration deal boosts euro

The dollar slipped to a three-day low against the euro on Friday after European Union leaders reached an agreement on migration that eased pressure on German Chancellor Angela Merkel, but the currency was set to log its best quarterly performance in six q
Published 01 Jul, 2018 12:00am
Canadian dollar posts two-week high
Currency

Canadian dollar posts two-week high

The Canadian dollar hit a two-week high against its US counterpart on Friday as oil prices rose and after a surprise expansion of the domestic economy in April raised expectations for a Bank of Canada interest rate hike next month.
Published 01 Jul, 2018 12:00am
Weakening FX better than selling US debt for China: GS
Currency

Weakening FX better than selling US debt for China: GS

China would be better off weakening its currency rather than selling its vast holdings of US government debt in response to a growing trade conflict between the world's two biggest economies, according to simulations by Goldman Sachs strategists.
Published 01 Jul, 2018 12:00am
Argentina peso resumes slide
Currency

Argentina peso resumes slide

After a week of relatively stability, the Argentine peso slid more than 2.5 percent on Friday, as an economic crisis marked by high inflation, wobbly growth and an outflow of capital began to bite again. Argentina's peso, like currencies in other emerging
Published 01 Jul, 2018 12:00am
Trade worries likely to end Mexico peso's recent upswing
Currency

Trade worries likely to end Mexico peso's recent upswing

Recent strength in the Mexican peso is unlikely to hold in coming months as US President Donald Trump doubles down on his protectionist stance, the latest Reuters survey of currency market strategists showed. The latest results, taken April 3-5, suggest a
Published 01 Jul, 2018 12:00am
Embattled Merkel draws up new measures to tackle migration

Embattled Merkel draws up new measures to tackle migration

German Chancellor Angela Merkel has drawn up a raft of measures to tighten controls on the influx of migrants, according to a document submitted to her coalition partners Saturday as she battles for political survival. Merkel has also secured deals with 1
Published 01 Jul, 2018 12:00am
South Sudan opposition accuses government of breaking ceasefire

South Sudan opposition accuses government of breaking ceasefire

South Sudan rebels, led by former vice president Riek Machar, on Saturday accused the army of breaking a ceasefire just hours after it came into force. Rebel spokesman Lam Paul Gabriel said government forces had "launched an attack Saturday morning on a r
Published 01 Jul, 2018 12:00am
Indian World Cup fan dies in car crash in Russia

Indian World Cup fan dies in car crash in Russia

An Indian soccer fan, in Russia for the World Cup, died in a car crash on Saturday on a road near the tournament host city Sochi, Interfax news agency cited sources as saying. The incident, the first reported death of a World Cup visitor to Russia, was bl
Published 01 Jul, 2018 12:00am
Cambodian strongman's son assumes powerful military roles

Cambodian strongman's son assumes powerful military roles

The son of Cambodia's long-serving Prime Minister was promoted to two senior military posts on Saturday as his father looks to widen his family's influence. The move comes just weeks before elections that veteran Cambodian leader Hun Sen is expected to ea
Published 01 Jul, 2018 12:00am
Japan to buy advanced US radar for missile defence system

Japan to buy advanced US radar for missile defence system

Japan will next week pick a US-made advanced radar for its multibillion-dollar missile defence system, an upgrade that could help ease trade friction with Washington and provide cutting-edge protection against the arsenals of North Korea and China, source
Published 01 Jul, 2018 12:00am
UN calls for armed groups to leave Golan 'area of separation'

UN calls for armed groups to leave Golan 'area of separation'

The UN Security Council on Friday unanimously renewed for six months its mission to observe the ceasefire in the Golan Heights, calling for armed groups to leave the area separating Syrian and Israeli forces. UNDOF, which comprises nearly a thousand perso
Published 01 Jul, 2018 12:00am
Maverick entrepreneur's space rocket fails at blast off

Maverick entrepreneur's space rocket fails at blast off

A rocket developed by a maverick Japanese entrepreneur and convicted fraudster exploded shortly after liftoff Saturday, in a major blow to his bid to send Japan's first privately backed rocket into space. Interstellar Technologies, founded by popular inte
Published 01 Jul, 2018 12:00am
Cyber war, Syria airstrikes feature in revamped RAF museum

Cyber war, Syria airstrikes feature in revamped RAF museum

Visitors to Britain's revamped Royal Air Force Museum opening on Saturday can fend off cyber attacks, identify airstrike targets and practice landing jets on flight simulators. The north London attraction has been overhauled to mark the RAF's centenary th
Published 01 Jul, 2018 12:00am
UNESCO lists Korean mountain Buddhist temples as World Heritage sites

UNESCO lists Korean mountain Buddhist temples as World Heritage sites

Seven ancient Korean mountain temples, which typify the way Buddhism in the country has merged with indigenous beliefs and styles, were listed as UNESCO World Heritage sites on Saturday. The seven mountain temples - Seonamsa, Daeheungsa, Beopjusa, Magoksa
Published 01 Jul, 2018 12:00am
Ugandans protest surge in violence against women

Ugandans protest surge in violence against women

Hundreds of protesters marched through the streets of Uganda's capital Saturday demanding police action to stop a spate of kidnappings and murders of women that have gripped the country. "We demand action and accountability for the rampant kidnapping, bru
Published 01 Jul, 2018 12:00am
Euronext wheat eases as market awaits USDA data

Euronext wheat eases as market awaits USDA data

Euronext wheat ended lower on Thursday in line with a subdued trend in Chicago as grain markets awaited US government crop data and sought clearer indications on the impact of hot, dry weather on harvest prospects in Europe. December milling wheat, the mo
Published 01 Jul, 2018 12:00am
Agroconsult cuts Brazil's second corn crop forecast

Agroconsult cuts Brazil's second corn crop forecast

Consultancy Agroconsult lowered its forecast for Brazil's so-called second corn crop to 55.2 million tonnes on Monday but left its export projection unchanged after a survey of fields in four states affected by planting delays and a drought. Agroconsult h
Published 01 Jul, 2018 12:00am
Chinese steel, iron ore futures rise after rebar stocks fall

Chinese steel, iron ore futures rise after rebar stocks fall

Shanghai rebar steel futures rose on Thursday, moving away from a nearly one-month low, following a decline in stockpiles of the building material that eased concerns about weaker seasonal demand in top steel consumer China. Weekly stocks of construction
Published 01 Jul, 2018 12:00am
Urals crude oil firmer in NW Europe on limited supply

Urals crude oil firmer in NW Europe on limited supply

Urals crude differentials in northwest Europe were firmer on Thursday on stronger demand for July barrels and limited availability of the grade, traders said. Urals crude oil exports from Russia's Baltic ports were set at 4.7 million tonnes in July compar
Published 01 Jul, 2018 12:00am
CBOT corn futures sink ahead of USDA data

CBOT corn futures sink ahead of USDA data

Chicago Board of Trade corn futures fell to 1-1/2 week lows on Thursday as investors squared positions ahead of Friday's US government reports that are expected to show higher plantings and ample stocks of the grain. Additional pressure stemmed from ample
Published 01 Jul, 2018 12:00am
Trade in Asian coffee markets remains slow

Trade in Asian coffee markets remains slow

Trade in Asian coffee markets was slow with the holiday mood in Indonesia dragging on amid a gubernatorial election earlier this week while stocks in Vietnam remained low, traders said on Thursday. In the Central Highlands, Vietnam's largest coffee growin
Published 01 Jul, 2018 12:00am
China's first-half coal imports surge, Indonesia the winner: Russell

China's first-half coal imports surge, Indonesia the winner: Russell

China's seaborne coal imports are on track to have surged by around 14 percent in the first half of the year, with Indonesia emerging as the big winner among exporters. Imports are likely to be around 126.6 million tonnes in the first six months of this y
Published 01 Jul, 2018 12:00am
France's Tereos signs sugar transport with Brazil's VLI

France's Tereos signs sugar transport with Brazil's VLI

Tereos signed a 30-year deal for Brazilian logistic firm VLI to transport 1 million tonnes a year of the French producer's raw sugar, and the two companies also agreed to invest in two new warehouses in Brazil's Sao Paulo state, they said. The deal gives
Published 01 Jul, 2018 12:00am
Soyameal eases on European feeds market

Soyameal eases on European feeds market

Asking prices for soyameal on the European meals and feeds market eased slightly on Thursday because of benign crop weather in the US soyabean belt and due to positioning ahead of Friday's USDA crop conditions and quarterly stocks reports.
Published 01 Jul, 2018 12:00am
Asia oil refining margins fall to two-year low

Asia oil refining margins fall to two-year low

Singapore refining margins, the benchmark for profitability among oil processors in Asia, fell to their lowest in two years, dragged down by lower gasoline margins as refiners have ramped up output after completing maintenance and as China stepped up expo
Published 01 Jul, 2018 12:00am
Cotton market: no visible change in phutti arrivals
Currency

Cotton market: no visible change in phutti arrivals

Volume of business did not show any visible change on the cotton market as a result of slow arrivals of seed cotton on Saturday, dealers said. The official spot rate was unmoved at Rs 7,600, they added. Prices of seed cotton in Sindh were unchanged at Rs
Published 01 Jul, 2018 12:00am
Indian rice export prices fall on rupee dive
Currency

Indian rice export prices fall on rupee dive

Rice export prices in top exporter India fell this week to the lowest in over a year due to a plunge in the rupee as demand remained subdued, while rates in Thailand fell on expectations of fresh supplies and weakness in the domestic currency. Prices of I
Published 01 Jul, 2018 12:00am
Drought cuts Argentine soya yields to lowest since 2009

Drought cuts Argentine soya yields to lowest since 2009

Argentine soya yields and harvesting area have been chopped by drought to their lowest levels since the 2008/09 season, analysts said on Thursday, citing the effect of a four-month dry spell that suddenly gave way to floods in April.
Published 01 Jul, 2018 12:00am
CBOT soyabean futures fall to 1-1/2-week lows

CBOT soyabean futures fall to 1-1/2-week lows

Chicago Board of Trade soyabean futures dropped to 1-1/2 week lows on Thursday as traders squared positions ahead of Friday's US Department of Agriculture acreage and quarterly stocks reports. Expectations for a large US crop yields this year added pressu
Published 01 Jul, 2018 12:00am
CBOT wheat futures lower ahead of USDA reports

CBOT wheat futures lower ahead of USDA reports

Chicago Board of Trade wheat futures closed lower on Thursday for the fourth time in five sessions, pressured by an accelerating US winter crop harvest and by position squaring ahead of US government crop reports due on Friday. CBOT September soft red win
Published 01 Jul, 2018 12:00am
Heavy rains, sun boost Ivory Coast's cocoa mid-crop

Heavy rains, sun boost Ivory Coast's cocoa mid-crop

Heavy rain and sunny spells last week was expected to boost prospects for Ivory Coast's main October-March cocoa crop, farmers said on Monday. Farmers said rainy season downpours had already improved soil moisture for the ongoing April-September mid-crop,
Published 01 Jul, 2018 12:00am
Asian naphtha crack recovers from three-session low

Asian naphtha crack recovers from three-session low

Asia's naphtha crack recovered from a three-session low to reach an almost two-week high of $76.28 a tonne after strong demand overturned the impact of high oil prices for now. Formosa and CPC, Taiwan's two key naphtha importers, were out at the same time
Published 01 Jul, 2018 12:00am
Message from President of Pakistan
Currency

Message from President of Pakistan

It gives me immense pleasure to congratulate State Bank of Pakistan (SBP) on this auspicious occasion of its 70th anniversary. The establishment of the country's central bank by Quaid-e-Azam Muhammad Ali Jinnah on 1st July 1948-soon after freedom-was a ke
Published 01 Jul, 2018 12:00am
Message from Prime Minister

Message from Prime Minister

State Bank of Pakistan, since its inception, has been making relentless efforts for the development of the country's economy. Being the custodian of the monetary and financial stability, State Bank of Pakistan has steadily transformed and strengthened its
Published 01 Jul, 2018 12:00am
Message from Minister of Finance, Revenue & Economic Affairs

Message from Minister of Finance, Revenue & Economic Affairs

It's a proud momentum for all of us to celebrate 70 years of the State Bank of Pakistan (SBP). Our central bank is a premier and prestigious institution of the country. Backed by a series of legislative reforms and implementation of a comprehensive, phase
Published 01 Jul, 2018 12:00am
Message from Governor, State Bank of Pakistan

Message from Governor, State Bank of Pakistan

The State Bank of Pakistan (SBP) has the mandate to "regulate the monetary and credit system of Pakistan and to foster growth in the best national interest with a view to securing monetary stability and fuller utilization of the country's productive resou
Published 01 Jul, 2018 12:00am
A Journey Towards Professional Excellence
Currency

A Journey Towards Professional Excellence

After independence in 1947, Pakistan was inherited with a weak financial system architecture lacking a proper banking network and a central bank. Mr. Zahid Husain, one of the senior most Muslim officers of the Indian Audit and Accounts Service who was ser
Published 01 Jul, 2018 12:00am
Pakistan's Currency - through annals of history
Currency

Pakistan's Currency - through annals of history

Since time immemorial, evolution of currency has passed through different phases. Chief among them are the barter system, creation of first known currency by King Alyattes of Lydia in 600 BC, usage of coins and evolution of paper currency to the current m
Published 01 Jul, 2018 12:00am
SBP's Priority Areas

SBP's Priority Areas

Efficient credit allocation is critical for sustainable and inclusive economic growth. In this regard, agriculture, small & medium enterprises and low-cost housing remains the priority sectors for State Bank of Pakistan (SBP) with Islamic banking and fina
Published 01 Jul, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (June 30, 2018).

Published 01 Jul, 2018 12:00am
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