US Treasury prices rallied on Wednesday as concerns about global growth sparked safety buying, even as US Federal Reserve Chair Janet Yellen repeated that an interest rate hike is likely this year. Chinese stocks dived on Wednesday despite data showing Ch

US Treasury prices rallied on Wednesday as concerns about global growth sparked safety buying, even as US Federal Reserve Chair Janet Yellen repeated that an interest rate hike is likely this year. Chinese stocks dived on Wednesday despite data showing Ch

Taiwan stocks edged down on Thursday, tracking weakness in Chinese equities and ahead of the release of June-quarter financial results by market heavyweight TSMC. The main TAIEX index was down 0.1 percent at 9,046.08 as of 0141 GMT, after closing higher 0

Indian shares rose about 1 percent on Thursday, marking their highest close in three months, led by banks and index heavyweight Reliance Industries, on hopes a fall in oil prices due to the Iran nuclear deal would lower import costs and interest rates. Th

China stocks rebounded on Thursday from the previous session's sharp correction, but high trading volatility reflects lingering investor caution even as Beijing's flurry of rescue measures has managed to stem panic selling. Investors were also keeping a c

European shares climbed to a six-week high on Thursday after the Greek parliament passed austerity measures demanded by its lenders to open talks on a new bailout package to keep Greece in the euro. The region's stock markets also hit session highs after

Australian shares rose for a third straight session on Thursday, underpinned by gains in the financial sector that lifted Commonwealth Bank to a two-month closing high. The benchmark S&P/ASX 200 index closed up 33.4 points, or 0.6 percent, at 5,669.6. It

Shares in Singapore and the Philippines rose, while Malaysia erased gains on Thursday ahead of a market holiday, with investors selectively picking stocks in a reporting season. Singapore's Straits Times Index was up 0.4 percent on the day and 2.2 percent

Britain's top share index edged higher on Thursday, though without matching the gains seen across the eurozone after Greece's parliament approved austerity measures, with US-exposed stocks getting a lift. The FTSE 100 index closed up 0.6 percent, at 6,796

China's yuan was steady against the dollar on Thursday, reflecting a largely unchanged midpoint set by the central bank, traders said. The People's Bank of China (PBOC) set the midpoint rate at 6.1173 per dollar prior to market open, down 0.03 percent fro

The euro edged lower on Thursday after Greece's parliament approved the austerity plan demanded by its lenders, while the US dollar firmed as the Federal Reserve chief did not waver from her views that a rate hike was on the cards this year. The euro brie

There was no silver lining for the euro on Thursday after Greece voted through austerity demanded in return for another bailout, as improved interest rate differentials drove the dollar higher across the board. The New Zealand dollar sank to a six-year lo

The dollar index rallied to a seven-week peak on Thursday, with an easing in jobless claims reinforcing market expectations of a 2015 US interest rate hike. A day after Federal Reserve Chair Janet Yellen signalled that the first rise in US rates in nearly

The dollar rose on Wednesday after Federal Reserve Chair Janet Yellen reinforced market expectations for a US interest rate hike, possibly as soon as September. The top US central banker told Congress that the Fed remains poised to raise interest rates th

Interbank buy/sell rates for the taka against the dollar on Thursday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.50 percent (Previous 05.25-06.50 percent).

The Sri Lankan rupee ended steady on Thursday as a state-run bank kept the selling rate of the greenback at 133.80 amid dollar demand from importers and inward remittances ahead of the Muslim festival of Eid, dealers said. The spot currency closed unchang

Most emerging Asian currencies slid on Thursday as US Federal Reserve Chair Janet Yellen affirmed her views of an interest rate hike this year and the Asian Development Bank cut regional economic forecasts. The South Korean won hit a two-year low as offsh

South Africa's rand extended losses against the dollar on Thursday, having fallen as much as one percent in the previous session after US Federal Reserve chair Janet Yellen said a rate rise in 2015 remained likely. By 0600 GMT the rand, along with other e

Sterling hit a 7-1/2-year high against a trade-weighted basket of currencies on Thursday as traders bet the Bank of England would raise interest rates early next year, while euro zone monetary policy remains ultra-loose. After Greece's parliament approved

The New Zealand dollar crumbled to a six-year low after plunging dairy prices and underlying soft inflation virtually cemented the case for another rate cut at next week's central bank review, with analysts expecting further easing in coming months. The k

Chris Froome controlled a series of tentative attacks from his rivals as Joaquim Rodriguez won his second stage of this year's Tour de France on Thursday. Rodriguez, 36, was part of an original 22-man breakaway that gradually split up over the 195km trek

Andy Murray will lead Great Britain against France at The Queen's Club as Serbia travel to Argentina without Wimbledon champion Novak Djokavic in Davis Cup World Group quarter-final action starting on Friday. Murray, the world number three, will be lookin

Chris Rogers and Steven Smith both scored unbeaten hundreds in a record-breaking partnership as Australia dominated the first day of the second Ashes Test against England at Lord's on Thursday. At stumps, Australia were 337 for one after cashing in on cap

Tiger Woods may be in danger of missing back-to-back cuts in majors for the first time in his career, but he remained defiant he can recover after a first round of four-over par at The Open on Thursday. After carding a dismal 76, it meant Woods was also f

India's stand-in captain Ajinkya Rahane insists that his squad's focus is on two Twenty20 internationals against Zimbabwe and not the turmoil rocking the Indian Premier League. The Justice Lodhar Committee announced on Tuesday that the Chennai Super Kings

The top 20 ranked African national football teams will avoid each other in the first and second qualifying rounds for the 2018 World Cup, FIFA confirmed Thursday. A spokesman in Zurich for the world football governing body said the draws would be made on

FIFA's ethics committee on Thursday made a demand for wider powers in its pursuit of uncovering corruption, notably calling for greater transparency in proceedings against accused parties. The independent watchdog's twin chairmen listed various demands in

Cuba defied the odds and booked a berth in the Gold Cup quarter-finals against regional powerhouse United States with a 1-0 win over Guatemala in their final game of group stage on Wednesday. In a thrilling night match, Yohance Marshall scored in the fina

Global soccer's governing body FIFA, which is currently mired in a corruption scandal, has hired New York-based crisis communications and advisory firm Teneo as it seeks to cope with investigations by US and Swiss authorities and tries to improve its badl

Pakistan veteran Younis Khan has vowed to hold off retiring until he has guided his team to Test series victories in England and Australia to cap off a remarkable career. The 37-year-old played his hundredth Test on the tour of Sri Lanka earlier this mont

Twin blasts rocked a market in the northeast Nigerian city of Gombe on Thursday, leaving several people dead, witnesses said. The first explosion took place outside a footwear shop around 1620 GMT, followed by a second explosion just minutes later, said B

The United States is set to remove Cuba from the bottom tier on its list of worst human trafficking centers, US sources said, in what will be another step in the historic rapprochement between the former Cold War foes. The upgrade would lift Cuba to the s

Three astronauts living at the International Space Station were forced to scramble to safety after what NASA described as a "close pass" by flying Russian space debris on Thursday. The men decamped into the Soyuz spacecraft, which is attached to the orbit

Turkey's top administrative court has removed its block on the controversial redevelopment of an Istanbul park that in 2013 sparked the most serious anti-government protests in years, a pressure group said Thursday. Istanbul authorities had planned to reb

Powerful Typhoon Nangka barrelled into the Japanese island of Shikoku late Thursday, killing at least one person as authorities urged more than 350,000 people to evacuate. Nangka, packing gusts up to 185 kilometres (115 miles) per hour, made landfall near

Egypt sacked Cairo police chief General Osama Bedair on Thursday, days after separate car bombings killed the country's top prosecutor and struck the Italian consulate. The interior ministry said in a statement that Bedair was replaced by his deputy, Gene

Ash spewing from volcanoes closed six airports across Indonesia Thursday, including in the country's second-biggest city, leaving many travellers stranded on the eve of the Muslim Eid holiday. The international airport serving Surabaya, the country's bigg

Ukraine's parliament took the first step Thursday toward granting temporary self-rule to pro-Russian rebels under a change to the constitution the West hopes can end one of Europe's deadliest wars in recent years. The divisive issue came to the floor on t

Ghana has banned the sale and transport of live poultry after the H5N1 virus killed thousands of birds, while there has been no record of human infection, the ministry of agriculture has said. The statement from the ministry, published on Wednesday, said

Former US president George H.W. Bush was in fair condition in hospital Thursday after falling and breaking a bone in his neck, his office said. President Barack Obama telephoned Bush to wish him a speedy recovery and extend best wishes on behalf of himsel

Controversial security bills that opponents say will undermine 70 years of pacifism and could see Japanese troops fighting abroad for the first time since World War II passed through the powerful lower house of parliament Thursday. The vote marks a victor

Pakistan's largest express and logistics group, TCS has launched a 24-hour service, TCS Hazir Time Choice, which enables customers to get their shipments delivered on the day and time of their choice. Customers can place their requests on phone or through

Muttahida Qaumi Movement on Thursday submitted a resolution against the Federal Defence Minister Khawaja Asif in Sindh Assembly for speaking against the armed forces of the country. The move came after a similar resolution was submitted against the MQM ch

A memorandum of understanding (MoU) was signed between Police School of Public Disorder and Riot Management Mardan and Preston University Kohat in a ceremony held at CPO Peshawar here on Thursday. Additional IGP Headquarters Mian Mohammad Asif and Preston

A holiday mood prevailed in the city on Thursday which led to thin attendance in government and private offices than witnessed during normal days. As the federal government has announced 5 days holidays for Eid ul Fitr from Friday to Tuesday (July 17 to J

Cumulative urea and di-ammonia phosphate (DAP) off-take for the first two months of the current Kharif season 2015-16 has registered an increase of 18.4 percent and 17.2 percent respectively over the same time period of Kharif 2014-15. According to Pakist

Pakistan Telecommunication Company Limited (PTCL), the largest Information Communications Technology (ICT) services provider in Pakistan, has declared sound financial results for the first six months of FY 2015. PTCL announced revenues of Rs 39.4 billion

In an effort to implement an automated mechanism for dissemination of price sensitive/ material information to the public on real time basis, the Karachi Stock Exchange has now extended Pakistan Unified Corporate Action Reporting System (PUCARS) for all l

Meeting of the Central Ruet-e-Hilal Committee will be held today (Friday) at a local hotel of the capital for sighting (Eid-ul Fitr) Shawwal moon while the zonal committees will hold meetings at their respective locations. Chairman of the Committee Mufti

A Pension Facilitation Centre has been set up at Accountant General Balochistan Office to facilitate pensioners. According to a press release issued, here on Thursday, pensioners will get facility at Pension Facilitation Centre under One Window Operation.

It is really a great irony that while the government is pushing to increase exports, the harassed and greatly burdened are not only facing short supply of these most essential inputs, Gas, Electricity and Water but also to add fuel to the fire, tariff of

The Met Office on Thursday forecast widespread rain-thundershower for most parts of the upcountry in the next 24 hours. It said that rain-thundershower is likely in Kashmir, Hazara, Rawalpindi, Islamabad, Gujranwala, and divisions and at scattered places

Poultry dealers and butchers have started squeezing the people by charging with high rates as prices of poultry products, meat, fruits and other Eid specific items registered a substantial rise with increasing demand of these commodities in local markets

Apropos a news item titled "Kassam Teli Group Wins all 15 seats unopposed" carried by Business Recorder on July 15, 2015 Businessmen Group clarified that BMG has no faction at all and is being successfully governed by BMG Chairman Siraj Kassam Teli

Four militants, including a key commander of a banned organisation, surrendered to security forces in Balochistan's Sui area on Thursday. According to reports, the commander identified as Tota Khan Bugti laid down weapons along with three other militants

The Ministry of Defence on Thursday denied custody of man who was allegedly picked by the law enforcement agencies at Islamabad's international airport upon his arrival from Qatar. On Thursday, Islamabad High Court (IHC) judge Justice Aamir Farooq resumed

Provincial Minister for Labour and HR Raja Ashfaq Sarwar has said that Nawaz Sharif Social Security Hospital has unique place in teaching hospitals with regard to provision of medical facilities to labourers and their families. He expressed these views du

Punjab government has set aside Rs 600 million to develop the Punjab fisheries sector during 2015-16. Sources said the Fisheries Department was working to implement its vision to conserve and develop aquatic resources.

Punjab Chief Minister Shahbaz Sharif presided over the 6th meeting of provincial apex committee, here on Thursday and expressed satisfaction over measures taken in the Punjab under the National Action Plan for eliminating terrorism. Corps Commander Lahore

The Lahore High Court has sought a report from the federal government on a petition against the levy of the agricultural income tax. Petitioner Zubair Shaukat has challenged the imposition of tax through his counsel Zia Haider Rizvi, stating that only the

The National Highways and Motorway Police have warned against overcharging in public transport fares, with Inspector General Muhammed Saleem Bhatti making it clear that those flouting the rules and regulations will have to return their collected money to

The Pakistan Railways is cancelling its special trains for July 20 and 22 following a decision because of poor passenger presence. The rail authorities have closed reservation offices during the five-day holidays.

Senior Member of Revenue Punjab Nadeem Ashraf while addressing the full-board meeting of Board of Revenue said that the Board of Revenue Punjab was assigned the revenue target of Rs 39.79 billion for the financial year 2014-15 by the Finance Department ag

The Home Department has deployed 200 police personnel at entry and exit points of the provincial capital for security ahead of Eid-ul-Fitr. Official sources said, here on Thursday that several measures have been taken to ensure foolproof security of the m

State Bank of Pakistan Banking Services Corporation (SBP BSC) made elaborate arrangements to meet the demand for fresh currency notes on the occasion of Eid-ul-Fitr. According to details, the cumulative issuance of fresh banknotes by SBP stood at Rs 249 b

The Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to stop increasing the gas tariff and Chairman Irfan Iqbal Sheikh and Vice Chairman Khawaja Shahzeb Akram have voiced concerns over the proposed increase by 18 to 20 pe

Government must protect women workers from exploitation, violence and bondage. This was demanded by the participants in a network meeting that was organized by Association of Women for Awareness and Motivation (AWAM) entitled "Formation of District level

A passenger plane of a private airline narrowly escaped an accident as its tyre bursted during takeoff at Quetta airport on Thursday. The incident took place when a plane, scheduled to take passengers from Quetta to Islamabad, witnessed tyre burst while t

The Network for Consumer Protection (TN) has appealed to the Chief Justice of Pakistan to help enforce law banning smoking at public places including lower judiciary by declaring Supreme Court premises "smoke free". According to recently released Pakistan

-Chili Value Chain Platform Meeting with Stakeholders was held at Sindh Agriculture University Tandojam, organized by Agribusiness Project, USAID, in Collaboration with Sindh Agriculture University Tandojam.

Punjab Industrial Estates Development and Management Company Chairman SM Tanveer has said his company has finalised feasibility studies to set up industrial estates in 10 more districts. "These ten districts are Gujar Khan, Pin Dadan Khan, Bhakkar, Jhang,

Six officials of the Faisalabad DCO Office have been sacked on the charge of devouring millions of rupees by issuing fake licences of weapons. The Anti-Corruption Establishment will register cases against the said officials.

The Technical and Vocational Training Authority and the National Highway and Motorway Police will offer a three-month "light transport vehicle driving course". This course will be introduced for the unemployed youth next month at the 35 Road Safety Traini

Islamabad Capital Territory (ICT) Police have finalized a comprehensive security plan on the eve of Eid ul Fitr and also augmented the security at public places, worship places and other important buildings to thwart any untoward incident. The security pl

Keeping in view the forthcoming LG elections in the provinces of Punjab and Sindh scheduled to be held on September 20, 2015, the Election Commission of Pakistan has initiated arrangements for inclusion of names of new NIC holders entitled to be enrolled

Qamar Zaman Chaudhry, Chairman National Accountability Bureau (NAB) visited the under construction site of the office building for National Accountability Bureau (NAB) Headquarters at Sector G-5/1 Islamabad. He reviewed the physical progress made on the g

A meeting held with General Officer Commanding (GoC) Army Division, Swat, Major General Nadir Khan in the chair at Khwazakhela, district Swat reviewed restoration of peace, construction programme and progress from acceleration of development pace and reso

Foreign Office spokesperson Qazi Khalilullah on Thursday said that the Ambassador of Pakistan in Saudi Arabia has not been given the access to the detained Zaid Hamid. Khalilullah briefed that Pakistan embassy in Saudi Arabia has sought details of the pun

The State Bank of Pakistan (SBP) on Thursday injected rupees 114 billion into banking system to fill the demand and supply gap. According to details, SBP conducted Open Market Operation (OMO) on July 16, 2015 and received some 13 offers amounting Rs 114 b

SAARC Chamber of Commerce and Industry (CCI) has welcomed the recent meeting of Prime Minister Muhammad Nawaz Sharif with his Indian counterpart Narendra Modi in Ufa, Russia. The SAARC Chamber's leaders in a joint statement in Lahore termed the meeting a

The withdrawal of International Clearing House (ICH) regime and de-regulating call rates resulted in significant decline in grey trafficking, as white traffic reached to over 1.1 billion minutes per month in June 2015 against 367 million recorded in Novem

German Chancellor Angela Merkel faced a social media storm Thursday after the release of a video showing her awkward interaction with a crying Palestinian girl threatened with deportation. In a week in which Germany has confronted international criticism

At least 30 members of Somalia's al Qaeda-affiliated Shebab militants were killed in a US drone strike on Thursday, the Kenyan government said, while backtracking on its earlier claim that the alleged mastermind of the Garissa University massacre was amon

A gunman opened fire at a military recruiting center in Tennessee on Thursday and at least one police officer was shot, the local mayor said. Multiple victims were being treated in a hospital, WRCB news reported. "We have an officer down," Chattanooga may

The United States, Russia and other Arctic nations signed an agreement on Thursday to bar their fishing fleets from fast-thawing seas around the North Pole, an agreement delayed more than a year by tensions over Ukraine. The accord, also signed in Oslo by

Rich nations and developing countries on Thursday reached a deal on financing the next 15 years of global sustainable development, in what was hailed as a successful outcome of a divisive four-day summit. The four days of talks in Ethiopia's capital Addis

Britain's government opened the door to a major shake-up of the BBC Thursday, promising to help it thrive in the digital age despite warnings from stars including James Bond star Daniel Craig against cuts. The broadcaster - nicknamed "Auntie" due to its o

Three young men, including a former naval signalman, were being held Thursday by France's intelligence services, accused of plotting to kidnap and decapitate a member of the armed forces at a military base. Interior Minister Bernard Cazeneuve said securit

Britain will send another spy plane to fly over Iraq and Syria in what Defence Secretary Michael Fallon called a "new Battle of Britain" Thursday, as it edges towards joining US-led air strikes in Syria. Fallon announced Britain would take delivery of a n

Barrel bombs dropped from Syrian government helicopters on Thursday killed at least 11 civilians, including three children, in raids on a jihadist-held northern town, a monitoring group said. The crudely constructed weapons were used on Al-Bab, which lies

Barack Obama became the first sitting US president to visit a federal prison on Thursday, amid a push to reform America's expensive and overcrowded correctional system. Obama toured the "B" block of El Reno Federal Correctional Institution in Oklahoma, wh

The administration of the Gujranwala Electric Power Company (GEPCO) has suspended two Executive Engineers and four Sub-Divisional Officers working in its region on account of bad performance. A GEPCO spokesman said that the suspended officers have been is

Juma-tul-Wida, the last Friday of Ramazan is, is being observed with fervour. Muslims visit mosques to pray for the country's peace, progress and prosperity and the liberation of Palestine from Israel. Scholars, in their sermons, will highlight the import

The Capital Club Islamabad would organize an exciting and unique event called "Pakistan Property Expo on August 1 and 2. In a statement, an official of the Club said, "We have designed fashion show and concert for this big event to attract more people." H

Interior Ministry on Thursday submitted report pertaining to registration of Non-Governmental Organizations (NGOs) to the Supreme Court. According to the report, there will be no compromise over the State security, while the report also demanded to close

The Lahore High Court was informed on Thursday that district accounts officers had been asked through a notification to pay double to old pensioners. An additional finance secretary made the statement before Justice Syed Mansoor Ali Shah who was hearing d

Hurriyet leader and the Chairman of Jammu and Kashmir National Front (JKNF) Nayeem Ahmad Khan, has castigated the anti-Muslim puppet administration for stopping the Muslims from performing their religious obligations. Nayeem Ahmed Khan who is under contin

Jamaat-e-Islamani (JI), Karachi, in an exceptional move on Wednesday, launched a vigorous drive against the K-Electric (KE) through holding an hour long peaceful demonstration and sit-in outside the KE head office in Karachi. The demonstration was held in

National Database Registration Authority (NADRA) on Thursday submitted a forensic report of votes of NA-118 constituency in the election tribunal. NADRA analysed 163,000 votes in the report pertaining to the constituency of NA-118. The report said that 1,

Leaves of jail staff across the province have been cancelled directing them to report for duty immediately for strengthening of security in and around the prisons otherwise strict action will be taken against them. Official sources told APP here on Thursd