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Print - 2015-06-11
Gambia shuts down Libyan embassy

Gambia shuts down Libyan embassy

Gambia has ordered the Libyan embassy in Banjul to shut, a diplomatic source said Wednesday, banning it from resuming work until a stable regime has been installed back home. The foreign ministry sent a letter to embassy staff ordering operations to cease
Published 11 Jun, 2015 12:00am
Turkey Prime Minister says to seek coalition after majority loss

Turkey Prime Minister says to seek coalition after majority loss

Turkey's ruling party will talk to the opposition on forming a coalition government after it lost its overall parliamentary majority in legislative elections, Prime Minister Ahmet Davutoglu said Wednesday. However he warned that the Justice and Developmen
Published 11 Jun, 2015 12:00am
Israeli NGOs feel the heat from Netanyahu's new government

Israeli NGOs feel the heat from Netanyahu's new government

On a backstreet in Jerusalem sit the sparse offices of B'Tselem, an Israeli organisation that has long been a bane of successive governments, tirelessly flagging military abuses in occupied Palestinian territory. Set up by a group of academics, lawyers an
Published 11 Jun, 2015 12:00am
Thousands flee into Turkey from Syria as Kurds fight IS

Thousands flee into Turkey from Syria as Kurds fight IS

Thousands of people fled from Syria into Turkey on Wednesday as moderate rebels and Kurdish forces fought Islamic State insurgents holding the Syrian border town of Tel Abyad. A Reuters photographer at the scene said the refugees had entered Turkey throug
Published 11 Jun, 2015 12:00am
Fertilisers, pesticides: Withdrawal of GST not being considered: Bajwa

Fertilisers, pesticides: Withdrawal of GST not being considered: Bajwa

Federal Board of Revenue (FBR) Chairman Tariq Bajwa said Wednesday that the government is not considering any proposal to withdraw or reduce sales tax on fertilizes and pesticides as a new incentive package for agricultural sector has already been announc
Published 11 Jun, 2015 12:00am
Fertilisers, pesticides: Withdrawal of GST not being considered: Bajwa

Fertilisers, pesticides: Withdrawal of GST not being considered: Bajwa

Federal Board of Revenue (FBR) Chairman Tariq Bajwa said Wednesday that the government is not considering any proposal to withdraw or reduce sales tax on fertilizes and pesticides as a new incentive package for agricultural sector has already been announc
Published 11 Jun, 2015 12:00am
Parliamentary body on CPEC Shah furnishes six names

Parliamentary body on CPEC Shah furnishes six names

Opposition Leader in the National Assembly, Syed Khursheed Ahmed Shah, on Wednesday furnished six names for the establishment of Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) to the National Assembly Secretariat. The names for the com
Published 11 Jun, 2015 12:00am
Pakistan, Germany discuss global, regional issues

Pakistan, Germany discuss global, regional issues

Syed Tariq Fatemi, Special Assistant to the Prime Minister on Foreign Affairs, received the German Deputy Minister for Foreign Affairs Stephan Steinlein at the Ministry of Foreign Affairs on Wednesday. Stressing that Pakistan greatly valued its relations
Published 11 Jun, 2015 12:00am
Indus Dyeing & Manufacturing Company Limited
Cotton

Indus Dyeing & Manufacturing Company Limited

Starting from two ginning factories in the 1950s, the Indus Group has grown to become a leading name in the Pakistani textile business. With a market capitalisation of over Rs 11.3 billion, Indus Dyeing & Manufacturing Company Limited now ranks in the top
Published 11 Jun, 2015 12:00am
Indus Dyeing & Manufacturing Company Limited
Cotton

Indus Dyeing & Manufacturing Company Limited

Starting from two ginning factories in the 1950s, the Indus Group has grown to become a leading name in the Pakistani textile business. With a market capitalisation of over Rs 11.3 billion, Indus Dyeing & Manufacturing Company Limited now ranks in the top
Published 11 Jun, 2015 12:00am
Five terrorists held in Quetta

Five terrorists held in Quetta

Frontier Corps (FC) arrested five terrorists including a suicide bomber during operation here on Wednesday. Spokesman of FC said here on Monday that responding to an intelligence report regarding presence of militants, the paramilitary troops conducted se
Published 11 Jun, 2015 12:00am
Procedure to issue arms licences being simplified: Siyal

Procedure to issue arms licences being simplified: Siyal

Sindh Home Minister Sohail Anwar Khan Siyal said here on Tuesday that the government was simplifying the procedure for issuing arms licences. Speaking at a meeting of Korangi Association of Trade and Industry (KATI), he said that arms licences will be iss
Published 11 Jun, 2015 12:00am
SSGC announces two-day gas closure for industries

SSGC announces two-day gas closure for industries

Sui Southern Gas Company (SSGC) has decided to curtail the supply of gas to the industries located in Sindh for at least 2 days a week and accordingly notices have been issued to them. This has come as a complete shock to the industry, which is already cl
Published 11 Jun, 2015 12:00am
Microsoft announces winners of 'Lumia Jeet Ka Khazana'

Microsoft announces winners of 'Lumia Jeet Ka Khazana'

Microsoft Mobile Devices & Services (MMDS) Pakistan has successfully completed the first phase of "Lumia Jeet Ka Khazana" when the winners were announced. The first lucky draw was held on 5th June, 2015 where one prize of Rs 1 million and 20 prizes of Rs
Published 11 Jun, 2015 12:00am
July-May workers' remittances up 16 percent

July-May workers' remittances up 16 percent

Home remittances sent by overseas Pakistanis posted a healthy growth of 16 percent during the first 11 months of this fiscal year. According to the State Bank of Pakistan (SBP) overseas Pakistani workers remitted $16.63 billion in the first 11 months (Jul
Published 11 Jun, 2015 12:00am
Should we transfer funds abroad? stockbrokers strongly criticise budget

Should we transfer funds abroad? stockbrokers strongly criticise budget

Is the government interested in promoting black money or force decent taxpaying investors to switch to real estate or transfer their funds abroad like most of the ruling elite? The question was raised by stockbrokers while reacting to what they said highl
Published 11 Jun, 2015 12:00am
Sindh chief minister visits liver transplant patients at SIUT

Sindh chief minister visits liver transplant patients at SIUT

Sindh Chief Minister Syed Qaim Ali Shah on Wednesday visited liver transplant patients at Sindh Institute of Urology and Transplantation (SIUT). Speaking on the occasion, Director SIUT Professor Adib Rizvi thanked the chief minister for Sindh government's
Published 11 Jun, 2015 12:00am
Rashid barred from performing duty as Pemra chief

Rashid barred from performing duty as Pemra chief

Islamabad High Court (IHC) Wednesday barred Chaudhry Rashid Ahmed from performing his official duty as chairman Pakistan Electronic Media Regulatory Authority (Pemra) till final decision of an appeal made by the federation. Resuming the hearing of federat
Published 11 Jun, 2015 12:00am
KP-BoIT to set up modern sheep farm in Jaba

KP-BoIT to set up modern sheep farm in Jaba

In order to provide modern wool and mutton processing facilities to livestock farmers, Khyber Pakhtunkhwa Board of Investment and Trade (KP-BoIT), in collaboration with Department of Livestock and Dairy Development, has finalised a plan to establish a mod
Published 11 Jun, 2015 12:00am
Budget 2015-16: No funds allocated to NACTA

Budget 2015-16: No funds allocated to NACTA

The government has not allocated funds for National Counter Terrorism Authority (NACTA) in next fiscal year's budget, Finance Ministry acknowledged. Some members of the Senate Standing Committee on Finance drew the attention of the meeting chaired by Sale
Published 11 Jun, 2015 12:00am
TPA terms protest successful

TPA terms protest successful

-President, Tri-Party Alliance and general secretary ANP, Mian Iftikhar Hussain after declaring the strike of alliance as successful gave a call for staging a big rally in Peshawar on June 16, 2015. The rally will be addressed by all central leaders of th
Published 11 Jun, 2015 12:00am
Partial strike observed in KP in response to opposition's call

Partial strike observed in KP in response to opposition's call

A partial strike was observed on Monday in several cities of Khyber Pakhtunkhwa to protest against the alleged rigging in the local government elections held last month in the province. The call for the shutter-down strike was given by a tripartite opposi
Published 11 Jun, 2015 12:00am
REAP protests against massacre of Muslims in Myanmar

REAP protests against massacre of Muslims in Myanmar

Rice Exporters Association of Pakistan (REAP) on Wednesday arranged a protest demonstration against killings of Muslims in Myanmar. Abdul Rahim Janoo, Senior Vice President, FPCCI & Chief Patron of REAP and Rafique Suleman, Chairman REAP drew the kind att
Published 11 Jun, 2015 12:00am
SC dismisses Shafqat's plea for JC to determine age

SC dismisses Shafqat's plea for JC to determine age

The Supreme Court on Wednesday turned down the petition of death row convict Shafqat Hussain, seeking formation of a judicial commission to determine his age. A three-judge bench headed by Chief Justice Nasirul Mulk dismissed the plea filed by senior advo
Published 11 Jun, 2015 12:00am
Army is fully capable of thwarting any foreign aggression: Nisar

Army is fully capable of thwarting any foreign aggression: Nisar

Interior Minister Chaudhary Nisar Ali Khan on Wednesday made it crystal clear that Pakistan army is fully capable of giving a tit-for-tat response to any foreign aggression In reference to Indian minister of state for information Rajyavardhan Singh Rathor
Published 11 Jun, 2015 12:00am
Alfalah Green Mortgage launched

Alfalah Green Mortgage launched

Bank Alfalah has recently launched Alfalah Green Mortgage in collaboration with its panel of solar energy experts-Grace Solar Pakistan(tm), EBR Energy Pakistan (Pvt) Limited and JKS (Pvt) Ltd. A complete solar solution, the Alfalah Green Mortgage is a sim
Published 11 Jun, 2015 12:00am
Vote rigging allegations: All relevant evidence produced: Imran

Vote rigging allegations: All relevant evidence produced: Imran

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Wednesday claimed that his party had submitted all relevant evidence to the Judicial Commission which would finally proceed with the gigantic task of investigating the involvement of the ruling Pakista
Published 11 Jun, 2015 12:00am
PTCL launches 'Harvard ManageMentor'

PTCL launches 'Harvard ManageMentor'

Pakistan Telecommunication Company Limited (PTCL) has launched a globally recognised online learning program 'Harvard ManageMentor (HMM)' for its senior and future leadership. The initiative aims at progressively building its leaders' business acumen and
Published 11 Jun, 2015 12:00am
NADRA employees to hold demo before regional office

NADRA employees to hold demo before regional office

NADRA Employees Union (NEU) Hyderabad Region would stage a demonstration in front of NADRA Regional Head Office Karachi over harassing the employees especially union members and non-acceptance of their demands. General Secretary NEU Hyderabad, Adel Ahmed
Published 11 Jun, 2015 12:00am
Ashoba cyclone: 'Coastal areas out of dangers'

Ashoba cyclone: 'Coastal areas out of dangers'

The tropical cyclone "Ashobaa" is heading to Oman shores leaving Pakistan's coastal areas out of dangers, the Met office said on Wednesday. The cyclone loomed large over the east-north-east of Oman's Masirah Island just 290 kilometres away but Karachi is
Published 11 Jun, 2015 12:00am
Balochistan PA bodies: Chairmen, chairpersons nominated

Balochistan PA bodies: Chairmen, chairpersons nominated

The allies parties in the provincial coalition government have reached consensus on names of chairmen and chairpersons of standing committees of Balochistan Assembly. Officials in the Assembly secretariat said, on Wednesday that a meeting was held with Ch
Published 11 Jun, 2015 12:00am
Wheat surplus to cool imports this year

Wheat surplus to cool imports this year

A wheat surplus is likely to mean little appetite for imports this year, although it will purchase more oilseeds due lower crop prospects, a leading local trader said. In November last year, govt imposed a 20 percent import duty on wheat to help protect l
Published 11 Jun, 2015 12:00am
EU market: Pakistan fails to cash in on GSP Plus opportunity: PBC

EU market: Pakistan fails to cash in on GSP Plus opportunity: PBC

Pakistan Business Council (PBC), a private sector non-profit advocacy platform, has observed that Pakistan's penetration in the European market is less as compared to its competitors despite attaining GSP plus status. According to analysis of PBC based on
Published 11 Jun, 2015 12:00am
Non-availability of water: Commissioner takes notice

Non-availability of water: Commissioner takes notice

Commissioner Karachi has taken serious notice of the complaints regarding non-availability of water in different parts of Karachi. He summoned an immediate meeting of concerned deputy commissioners water board officers to ensure regular water supply at hi
Published 11 Jun, 2015 12:00am
KE Operation Burq: Marriage hall, cold store & tile maker penalised

KE Operation Burq: Marriage hall, cold store & tile maker penalised

K-Electric continues with its Operation Burq and as per latest details 40 more raids were conducted by KE with the help of the Law Enforcing Agencies in different parts of Karachi. Over 6,600 illegal connections were removed by KE's team in the areas of L
Published 11 Jun, 2015 12:00am
Education Department Shikarpur: NAB files reference against officials

Education Department Shikarpur: NAB files reference against officials

A reference was filed by NAB Karachi against the officials of Education Department Shikarpur and officials of DAO Shikarpur on the allegation of embezzlement of 46.949 million rupees through preparation of bogus fund claims. The reference No 1/2015 is und
Published 11 Jun, 2015 12:00am
Awareness session on breast cancer held

Awareness session on breast cancer held

Pink Ribbon Campaign, the CMH Lahore Medical College and the Institute of Dentistry organised an awareness session on Breast Cancer for medical students and doctors at the CMH Lahore Medical College here on Wednesday. Objective of the session was to raise
Published 11 Jun, 2015 12:00am
Body formed to monitor food prices

Body formed to monitor food prices

Punjab Food Minister and Cabinet Committee for Price Control Chairman Bilal Yasin has warned the administration to strictly observe the standards of quality and weight of all the items to be sold in 'Ramzan Bazaars' being set up to facilitate the faithful
Published 11 Jun, 2015 12:00am
Protest held in Multan: lawyers express solidarity with Rohingya Muslims

Protest held in Multan: lawyers express solidarity with Rohingya Muslims

Lawyers in Multan on Wednesday staged a protetst at Kutchehry Chowk to express solidarity with Rohingya Muslims and to condemn the brutalities against them. They burnt the flags of Myanmar, Bangladesh and India and the effigies of Hasina Wajid, Nirendra M
Published 11 Jun, 2015 12:00am
Yarn and cloth PYMA rejects increase in sales tax

Yarn and cloth PYMA rejects increase in sales tax

Pakistan Yarn Merchants Association (PYMA) rejected budgetary increase in sales tax on yarn and cloth as anti-trade and industry and termed it a drone attack on yarn and cloth business. Central Chairman PYMA Qaisar Shamas Guccha, Zonal Chairman Muhammad A
Published 11 Jun, 2015 12:00am
Budget will never improve investment climate: PEW

Budget will never improve investment climate: PEW

The Pakistan Economy Watch on Wednesday claimed that the budget would never improve the investment climate and shrink the industrial base while promoting tax evasion and flight of capital. "Industrialists would prefer trading, real estate and construction
Published 11 Jun, 2015 12:00am
Poor performing districts Two-week deadline given

Poor performing districts Two-week deadline given

The poor performing districts in the Punjab have received a two-week deadline on 'key performance indicators' or face punitive action. The warning came in a Provincial Executive District Officers' meeting at the DG Health Office in Lahore where Punjab Hea
Published 11 Jun, 2015 12:00am
'New strategy evolved to enhance bilateral trade': Kenyan HC visits LCCI

'New strategy evolved to enhance bilateral trade': Kenyan HC visits LCCI

High Commissioner of Kenya Professor Julius K Bitok has said a new strategy has been evolved to enhance Pakistan-Kenya bilateral trade. He stated this in a meeting with President of Lahore Chamber of Commerce and Industry Ijaz Mumtaz here on Wednesday. LC
Published 11 Jun, 2015 12:00am
Lynching in Kot Radha: LHC seeks police record

Lynching in Kot Radha: LHC seeks police record

A division bench of the Lahore High Court has called for a police record in a week about the incident of lynching Christian brick-kiln workers in Kot Radha Kishan. The bench is hearing a bail application of kiln owner Malik Yousaf Gujjar. The applicant co
Published 11 Jun, 2015 12:00am
PWTD, Turk NGO ink MoU

PWTD, Turk NGO ink MoU

The Punjab Welfare Trust for Disables and the Turk NGO-Kimse Yok Mu on Wednesday inked a memorandum of understanding to tackle glaucoma in the country. Punjab Welfare Trust for Disables Programme Director Dr Izhar ul Haq Qureshi and country representative
Published 11 Jun, 2015 12:00am
Shahbaz reviews 'Greater Iqbal Project'

Shahbaz reviews 'Greater Iqbal Project'

Punjab Chief Minister Shahbaz Sharif presided over a high-level meeting to review 'Greater Iqbal Project' and various proposals were considered in this regard. Addressing the meeting, the Chief Minister said 'Greater Iqbal project' was of vital importance
Published 11 Jun, 2015 12:00am
Industrial growth: World Bank to provide $100 million to Punjab

Industrial growth: World Bank to provide $100 million to Punjab

The World Bank will provide 100 million dollars to Punjab under a new Programme-for-Results (P4R) to promote the industrial growth by improving the business environment and facilitating the development of industrial clusters in the province. This was stat
Published 11 Jun, 2015 12:00am
Industrial growth: World Bank to provide $100 million to Punjab

Industrial growth: World Bank to provide $100 million to Punjab

The World Bank will provide 100 million dollars to Punjab under a new Programme-for-Results (P4R) to promote the industrial growth by improving the business environment and facilitating the development of industrial clusters in the province. This was stat
Published 11 Jun, 2015 12:00am
Qadir calls on Shahbaz

Qadir calls on Shahbaz

Federal Minister Lieutenant General Abdul Qadir Baloch (Retd) met Punjab Chief Minister Muhammad Shahbaz Sharif, here on Wednesday and discussed issues of public interest Chief Minister said that Pakistan Muslim League-N government will ease the country f
Published 11 Jun, 2015 12:00am
Dengue under control: Punjab government

Dengue under control: Punjab government

Advisor to Chief Minister on Health Khawaja Salman Rafiq has claimed that dengue is completely under control in Punjab and that the first phase of the dengue season is over while the next phase will start with monsoon rains for which concerned departments
Published 11 Jun, 2015 12:00am
Emirates airline to start flights to Multan
Cotton

Emirates airline to start flights to Multan

Emirates airline is to launch its sixth destination in Pakistan with flights to Multan starting from August 1. Service to Multan, Pakistan's 5th largest city by population will commence with four weekly flights operated by a Boeing 777-300 in a two-class
Published 11 Jun, 2015 12:00am
Oil, gas sector: experts for adopting modern techniques

Oil, gas sector: experts for adopting modern techniques

Experts at a seminar on Wednesday stressed the need for adopting modern techniques to avert any unwanted situation in oil/gas and other industrial sectors, saying safety process is a must for any industry involved in manufacturing or processing. The semin
Published 11 Jun, 2015 12:00am
NA condemns massacre of Rohingya Muslims

NA condemns massacre of Rohingya Muslims

The National Assembly on Wednesday unanimously passed a resolution expressing deep concerns over heinous crimes being systematically committed against the Rohingya Muslims in Myanmar by religious extremists. The resolution moved by Minister for Defence Pr
Published 11 Jun, 2015 12:00am
First post-budget auction: MTBs' cut-off yield slightly up

First post-budget auction: MTBs' cut-off yield slightly up

The cut-off yield on short-term government securities rose up to 18 basis points (bps) in the auction held on Wednesday, mainly due to higher tax for banking sector. Analysts said the federal government has increased tax on the banking sector in the next
Published 11 Jun, 2015 12:00am
First post-budget auction: MTBs' cut-off yield slightly up

First post-budget auction: MTBs' cut-off yield slightly up

The cut-off yield on short-term government securities rose up to 18 basis points (bps) in the auction held on Wednesday, mainly due to higher tax for banking sector. Analysts said the federal government has increased tax on the banking sector in the next
Published 11 Jun, 2015 12:00am
Education helps overcome extremism: Shahbaz

Education helps overcome extremism: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that promotion of education is essential for changing the destiny of the nation and elimination of extremism and violence. He said that terrorism is the biggest hurdle in the way of progress and prosp
Published 11 Jun, 2015 12:00am
Punjab Assembly condemns Modi's statement

Punjab Assembly condemns Modi's statement

Punjab Assembly in its 15th session on Wednesday passed a resolution tabled by Pakistan Tehreek-e-Insaf (PTI) MPA Mian Aslam Iqbal condemning the statement of Indian Prime Minister Narinder Modi. The resolution demanded that the Indian role in creation of
Published 11 Jun, 2015 12:00am
ATC confirms Mirza's bail; he may go abroad

ATC confirms Mirza's bail; he may go abroad

An Anti-Terrorism Court (ATC) on Wednesday confirmed the pre-arrest bail of former home minister Sindh Dr Zulfiqar Mirza and his associates in a case pertaining to attack at Darakhshan police station and observed that it had no objection if Mirza wants go
Published 11 Jun, 2015 12:00am
Budget debate

Budget debate

Budget is a clear shift in National priority, as it contained nothing that could prop up the artificially inflated debt-ridden economy. Therefore, FM Dar's insistence that budget strategy is an economic move towards stability is not convincing. Rather, it
Published 11 Jun, 2015 12:00am
Power theft - a silent crime!

Power theft - a silent crime!

The word 'theft' is defined as an act of using one's exclusive property without the person's consent. In any society, regardless of the individual, the act of theft and deceit is considered an immoral one, similarly power theft as a crime is looked down u
Published 11 Jun, 2015 12:00am
Investment treaties in an international regime

Investment treaties in an international regime

Viewing the investment treaties from a regime's perspective gives us an advantage to study dynamics of relationship established by these treaties among states and their nationals highlighting the systematic nature of what states have created through the i
Published 11 Jun, 2015 12:00am
VIEW POINT: Modi's state of mind

VIEW POINT: Modi's state of mind

While recently accepting the "Bangladesh Liberation War Honour" on behalf of a predecessor, Atal Behari Vajpayee, Indian Prime Minister Narendra Modi fondly reminisced how right from the beginning of his political career he was passionate about the cause.
Published 11 Jun, 2015 12:00am
Post-Mastung APC

Post-Mastung APC

If the enemy thought the Mastung massacre would put the Pushtun and the Baloch in Balochistan on a collision course, it should think again. It has not, thanks to political maturity and farsightedness shown by the political leadership of the province. In f
Published 11 Jun, 2015 12:00am
Tax travails

Tax travails

Federal Finance Minister Muhammad Ishaq Dar has committed to reviewing the proposal of levy of tax of 10 percent on "undistributed revenues" of public companies, which are in excess of 100 percent of paid-up capital if the same is not distributed within s
Published 11 Jun, 2015 12:00am
Cotton rises after USDA lowers forecast for world inventory
Cotton

Cotton rises after USDA lowers forecast for world inventory

ICE cotton futures rose on Wednesday, boosted by a weaker US dollar after the US Department of Agriculture (USDA) lowered its expectations for world inventory for the 2014/15 crop year, which ends in July, in its monthly supply demand report. "They were s
Published 11 Jun, 2015 12:00am
Palm oil down
Vegetable Oil

Palm oil down

Malaysian palm oil futures notched their third straight day of losses on Wednesday after an industry report showed inventories in the world's second-biggest producer swelled to a six-month high in May. The Malaysian Palm Oil Board released figures showing
Published 11 Jun, 2015 12:00am
New York cocoa rallies

New York cocoa rallies

New York cocoa futures on ICE flirted with an eight-month high on Wednesday, buoyed by the sharply higher British sterling, while heavy July/September spreading by index funds pushed the discount to a contract low. Raw sugar inched lower in heavy spread-r
Published 11 Jun, 2015 12:00am
Wheat touches two-month high

Wheat touches two-month high

US wheat futures jumped as much as 1 percent on Tuesday, extending gains from the previous session to a two-month high as investors bet that heavy rains would hit yields of the winter wheat crop in the southern US Plains. Soyabeans also rose, reaching a t
Published 11 Jun, 2015 12:00am
Rubber sinks
Currency

Rubber sinks

Benchmark Tokyo rubber futures sank for a third day to a two-week low on Wednesday, hurt by a jump in the yen and selling by investors who were concerned the market had risen too fast to a 16-month high last week. The Tokyo Commodity Exchange (TOCOM) rubb
Published 11 Jun, 2015 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded August copper contract on the Shanghai Futures Exchange climbed 0.4 percent to 43,370 yuan ($6,989) a tonne on Wednesday but expectations of slowing demand in summer capped demand. "There's still a bit of cloudiness around underlying Chine
Published 11 Jun, 2015 12:00am
Copper near two-week high, China outlook clouded

Copper near two-week high, China outlook clouded

Copper hit its highest level in nearly two weeks on Wednesday due to a weaker dollar and ongoing draw downs in exchange stocks of the metal, but a slowdown in demand in top consumer China capped gains. The US dollar index hit a three-week low, with analys
Published 11 Jun, 2015 12:00am
Gold up in New York

Gold up in New York

Gold rose on Tuesday as European stock markets fell and commodities picked up across the board, but prices remained range-bound as investors awaited clearer signals on the timing of an expected US interest rate hike. Spot gold was up 0.3 percent at $1,176
Published 11 Jun, 2015 12:00am
Gold climbs for third day in Asia

Gold climbs for third day in Asia

Gold rose for a third straight session on Wednesday, helped by a softer dollar and worries over the Greek debt crisis, but a looming US interest rate increase and outflows from bullion-backed funds continued to weigh on the market. Spot gold climbed 0.5 p
Published 11 Jun, 2015 12:00am
Gold stays higher in European trade

Gold stays higher in European trade

Gold rose for a third straight session on Wednesday, bolstered by a softer dollar and worries over the Greek debt crisis, but a looming US interest rate increase and outflows from bullion-backed funds capped the upside. Spot gold climbed as much as 1.3 pe
Published 11 Jun, 2015 12:00am
US MIDDAY: wheat tumbles

US MIDDAY: wheat tumbles

US wheat futures tumbled more than 3 percent on Wednesday, on pace for their largest losses in two weeks, after the US Department of Agriculture in a monthly supply and demand report boosted its production forecast for the winter wheat crop. Corn futures
Published 11 Jun, 2015 12:00am
US MIDDAY: gold surges again

US MIDDAY: gold surges again

Gold prices rose for a third straight session early on Wednesday, bolstered by a softer dollar and worries over the Greek debt crisis, but a looming US interest rate increase and outflows from bullion-backed funds capped the upside. Spot gold climbed as m
Published 11 Jun, 2015 12:00am
Man jailed for 16 years in UK forced marriage first

Man jailed for 16 years in UK forced marriage first

A 34-year-old man was jailed for 16 years on Wednesday following Britain's first conviction for the largely hidden practice of forced marriage. The man, who cannot be named for legal reasons, admitted making a 25-year-old devout Muslim woman marry him aga
Published 11 Jun, 2015 12:00am
British government to begin sale of RBS stake

British government to begin sale of RBS stake

The British government announced Wednesday it would begin selling its Royal Bank of Scotland stake, even though its share price is below what it paid to rescue the bank in a record 2008 bailout. In an annual address to the London financial community, Chan
Published 11 Jun, 2015 12:00am
British government to begin sale of RBS stake

British government to begin sale of RBS stake

The British government announced Wednesday it would begin selling its Royal Bank of Scotland stake, even though its share price is below what it paid to rescue the bank in a record 2008 bailout. In an annual address to the London financial community, Chan
Published 11 Jun, 2015 12:00am
Six maritime patrol vessels to be procured for PMSA

Six maritime patrol vessels to be procured for PMSA

A contract for construction of six Maritime Patrol Vessels for Pakistan Maritime Security Agency (PMSA) was signed here on Wednesday in a simple but impressive ceremony between Ministry of Defence Production (MoDP) and M/s China Ship Trading Company (M/s
Published 11 Jun, 2015 12:00am
Six maritime patrol vessels to be procured for PMSA

Six maritime patrol vessels to be procured for PMSA

A contract for construction of six Maritime Patrol Vessels for Pakistan Maritime Security Agency (PMSA) was signed here on Wednesday in a simple but impressive ceremony between Ministry of Defence Production (MoDP) and M/s China Ship Trading Company (M/s
Published 11 Jun, 2015 12:00am
Zardari deplores latest spurt in hostile rhetoric from New Delhi

Zardari deplores latest spurt in hostile rhetoric from New Delhi

Former President Asif Ali Zardari has deplored the latest spurt in hostile rhetoric from New Delhi terming it "highly disappointing" and not conducive to the promotion of peace in the region. "Coming from as responsible a state functionary as Prime Minist
Published 11 Jun, 2015 12:00am
ROs plead innocent

ROs plead innocent

All Returning Officers who recorded their statements before General Elections Enquiry Commission rejected allegations of their involvement in vote rigging in the 2013 general elections. A three-member enquiry commission led by Chief Justice Nasir-ul-Mulk
Published 11 Jun, 2015 12:00am
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