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Jun 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-08-15
Fukushima nuclear statue ignites online furore

Fukushima nuclear statue ignites online furore

A giant statue of a child wearing a radiation suit in the Japanese city of Fukushima has touched off a storm of criticism online as the nuclear-hit area seeks to rebuild its reputation. "Sun Child", a 6.2-metre (20-foot) figure sporting a yellow protectiv
Published 15 Aug, 2018 12:00am
US dismisses 'hypocritical' draft space weapons treaty

US dismisses 'hypocritical' draft space weapons treaty

The United States voiced strong opposition Tuesday to a treaty proposed by Russia and China explicitly aimed at preventing an arms race in space, calling it "hollow and hypocritical". A top US official told the global disarmament body in Geneva that Washi
Published 15 Aug, 2018 12:00am
Tourist killed by helicopter tail rotor in Nepal

Tourist killed by helicopter tail rotor in Nepal

An Indian tourist died in Nepal Tuesday after he walked into the tail rotor of a helicopter at a remote helipad near the border with China, officials confirmed. The 42-year-old man was disembarking from the chopper at Hilsa - the staging point for popular
Published 15 Aug, 2018 12:00am
Russian-made arms in rebel-held east Ukraine: watchdog

Russian-made arms in rebel-held east Ukraine: watchdog

A security watchdog on Tuesday said for the first time it had spotted Russian-made weapons in rebel-held areas of eastern Ukraine, despite the Kremlin insisting it has not provided arms in the conflict. The statement from the Organization for Security and
Published 15 Aug, 2018 12:00am
Child among three killed in Baghdad blast

Child among three killed in Baghdad blast

Three people were killed Tuesday in an explosion at a market in Baghdad, including a woman and child according to a security source. The blast struck in the Shiite bastion of Sadr City, a sprawling district where authorities regularly carry out raids clos
Published 15 Aug, 2018 12:00am
Qatar World Cup worker dies at 2022 stadium

Qatar World Cup worker dies at 2022 stadium

A 23-year-old Nepalese World Cup labourer in Qatar died Tuesday while working on one of the venues for the 2022 tournament, officials in Doha announced in a statement. An investigation has been launched after the man was killed "while working at the Al Wa
Published 15 Aug, 2018 12:00am
UN, EU urge restraint in Mali

UN, EU urge restraint in Mali

The United Nations and European Union called for restraint in Mali on Tuesday after the opposition candidate said he would reject the results of a presidential run-off. Provisional results of the faceoff between President Ibrahim Boubacar Keita, 73, and f
Published 15 Aug, 2018 12:00am
Four injured, one seriously, in French knife rampage

Four injured, one seriously, in French knife rampage

An Afghan asylum-seeker was arrested after launching a drunken and frenzied knife attack in the sleepy southwestern French town of Perigueux, injuring four people including one seriously, police said Tuesday. The incident began Monday evening with the 19-
Published 15 Aug, 2018 12:00am
South Korea bans recalled BMWs from streets pending safety inspections

South Korea bans recalled BMWs from streets pending safety inspections

South Korea Tuesday temporarily banned from the streets all recalled BMW cars that have not yet passed safety checks following a spate of engine fires. BMW Korea last month started recalling 106,000 vehicles with an exhaust gas recirculation (EGR) module,
Published 15 Aug, 2018 12:00am
Tesla board forms committee to consider going private

Tesla board forms committee to consider going private

Tesla's board of directors said Tuesday it formed a special committee to consider chief executive Elon Musk's proposal to take the electric auto giant private. Musk disclosed on Monday that he had been in talks with Saudi Arabia's sovereign wealth fund an
Published 15 Aug, 2018 12:00am
Venezuela's exchange rate for remittances weakens sharply
Currency

Venezuela's exchange rate for remittances weakens sharply

Venezuela's exchange rate for remittances of its bolivar currency fell sharply on Monday, according to a rate published by a private exchange house, in what appears to be part of efforts by the crisis-stricken country to reform its distorted currency cont
Published 15 Aug, 2018 12:00am
Maduro announces curbs to cheap gas in Venezuela
Currency

Maduro announces curbs to cheap gas in Venezuela

President Nicolas Maduro announced that from now on Venezuela's dirt-cheap fuel will be available only to people with a special government aid card that the opposition has denounced as a tool for controlling people. The government of the economically-rava
Published 15 Aug, 2018 12:00am
Gold Fields to cut 1,100 jobs at South African unit

Gold Fields to cut 1,100 jobs at South African unit

Gold Fields, one of the oldest goldminers in South Africa, on Tuesday announced plans to slash 1,100 jobs, or nearly a third of the full-time workforce, at a loss-making unit. It said the unit, South Deep, had experienced difficulties since it was acquire
Published 15 Aug, 2018 12:00am
Tech giants face hefty fines under Australia cyber laws

Tech giants face hefty fines under Australia cyber laws

Tech companies could face fines of up to Aus$10 million (US$7.3 million) if they fail to hand over customer information or data to Australian police under tough cyber laws unveiled Tuesday. The government is updating its communication laws to compel local
Published 15 Aug, 2018 12:00am
Eurozone beats slowdown expectations but industry brakes
Currency

Eurozone beats slowdown expectations but industry brakes

Eurozone growth was better than expected in the second quarter, flash estimates showed on Tuesday, in a sign that the negative effects of global trade tensions might be seen only later in the year. However, while the economy expanded by 0.4 percent in the
Published 15 Aug, 2018 12:00am
Coca-Cola takes stake in Kobe Bryant-backed sports drink

Coca-Cola takes stake in Kobe Bryant-backed sports drink

Coca-Cola has taken a stake in BodyArmor, a sports drink supported by Kobe Bryant, in the soda giant's latest bid to challenge market leader Gatorade, the two companies announced Tuesday. Coca-Cola will take a minority stake in BodyArmor that could later
Published 15 Aug, 2018 12:00am
US import prices flat; dollar limits imported inflation

US import prices flat; dollar limits imported inflation

US import prices were unchanged in July as a surge in the cost of fuels was offset by weak prices elsewhere, suggesting that a strong dollar was keeping imported inflation in check. The Labour Department said on Tuesday the flat reading in import prices l
Published 15 Aug, 2018 12:00am
UK jobless rate falls to new 43-year-low, but pay growth weakens

UK jobless rate falls to new 43-year-low, but pay growth weakens

Britain's unemployment rate fell to its lowest in over 43 years in the three months to June and fewer workers made do with insecure jobs, but there was little upside for most as pay growth slowed to its weakest in nine months. Tuesday's official figures a
Published 15 Aug, 2018 12:00am
Sri Lankan shares down

Sri Lankan shares down

Sri Lankan shares edged lower in thin trade on Tuesday and posted their lowest close in nearly five weeks, as lacklustre corporate results dented investor sentiment for the island nation's risky assets, stockbrokers said. The Colombo stock index fell 0.26
Published 15 Aug, 2018 12:00am
Indian stocks soar

Indian stocks soar

Indian shares closed higher on Tuesday on strength in financial stocks such as ICICI Bank and Yes Bank, and as market uncertainty following a slump in the Turkish lira receded. Energy stocks also bolstered the index, with Reliance Industries up 1.8 percen
Published 15 Aug, 2018 12:00am
Nikkei index jumps more than 2.2 percent

Nikkei index jumps more than 2.2 percent

Tokyo's benchmark Nikkei index surged more than 2.2 percent Tuesday, swiftly recovering from the previous day's losses, with investors encouraged by an apparent hiatus in the Turkey lira crisis. The benchmark Nikkei 225 index, which lost more than two per
Published 15 Aug, 2018 12:00am
Tuesday's early trade: stocks rise in broad rally
Currency

Tuesday's early trade: stocks rise in broad rally

US stocks rose in a broad rally on Tuesday after four straight days of losses on a strong set of earnings from retailers and as bank stocks rebounded after the Turkish lira snapped a three-week slide. All 11 major S&P sectors were trading higher, with fin
Published 15 Aug, 2018 12:00am
Wall Street dragged down by fall out from plunging lira
Currency

Wall Street dragged down by fall out from plunging lira

US stocks dropped on Monday as global jitters from Turkey's plummeting currency spread to Wall Street, with the S&P 500 and the Dow falling for the fourth session in a row. Financial stocks bore the brunt of Turkey contagion fears, with shares of Citigrou
Published 15 Aug, 2018 12:00am
Hong Kong stocks fall

Hong Kong stocks fall

Hong Kong stocks fell for a third straight session on Tuesday, after data showed further signs of cooling in China's economy and as trade war worries lingered. The Hang Seng index fell 0.7 percent to 27,752.93 points, while the China Enterprises Index los
Published 15 Aug, 2018 12:00am
Treasury yields rebound

Treasury yields rebound

US Treasury yields recovered from four-week lows on Monday, with concerns about the global impact of the Turkish crisis easing somewhat after the country's central bank came out with measures to stabilize the plunging lira. Some analysts said Turkey's cri
Published 15 Aug, 2018 12:00am
Treasury yields rebound

Treasury yields rebound

US Treasury yields recovered from four-week lows on Monday, with concerns about the global impact of the Turkish crisis easing somewhat after the country's central bank came out with measures to stabilize the plunging lira. Some analysts said Turkey's cri
Published 15 Aug, 2018 12:00am
Qatar, Saudi bourses rebound as Turkey concerns ease

Qatar, Saudi bourses rebound as Turkey concerns ease

Qatar and Saudi stocks rose modestly on Tuesday, recouping part of recent losses - notably among banks - as concerns about contagion from sharp declines in the Turkish lira eased. As the lira stabilised, Qatar stocks ended 0.9 percent higher, helped by a
Published 15 Aug, 2018 12:00am
Australian, New Zealand shares up

Australian, New Zealand shares up

Australian shares closed near a three-week high on Tuesday, led by gains in banks, while resources stocks advanced on higher commodities prices. The S&P/ASX 200 index rose 0.8 percent or 47.40 points to 6,299.60 at the close of trade. The benchmark slippe
Published 15 Aug, 2018 12:00am
China stocks lower

China stocks lower

China stocks ended lower on Tuesday after data showed further signs of cooling in the country's economy and as trade war worries lingered. The blue-chip CSI300 index fell 0.5 percent to 3,372.91 points while the Shanghai Composite Index closed down 0.2 pe
Published 15 Aug, 2018 12:00am
European shares stabilise as Turkey stress eases
Currency

European shares stabilise as Turkey stress eases

European shares rose slightly on Tuesday after two days of heavy selling as investors' anxieties over contagion from a Turkish currency crisis faded and reassuring data from Germany helped offset the latest wobbles in China's giant economy. The pan-Europe
Published 15 Aug, 2018 12:00am
Southeast Asian markets: Philippines, Indonesia extend falls

Southeast Asian markets: Philippines, Indonesia extend falls

Most Southeast Asian stock markets closed lower on Tuesday, with the Philippines and Indonesia shedding about 1.5 percent each, as the collapse of Turkish lira continued to hurt risk appetite in emerging markets. The lira has lost more than 70 percent of
Published 15 Aug, 2018 12:00am
FTSE dips, miners weigh as Turkey crisis eases

FTSE dips, miners weigh as Turkey crisis eases

UK shares ended the day down 0.4 percent on Tuesday after a choppy session, weighed down notably by lower copper prices as fallout from the Turkish lira crisis that has rattled global markets since Friday eased. The FTSE 100 closed down 0.4 percent while
Published 15 Aug, 2018 12:00am
Turkish lira edges up from record low on central bank pledge
Currency

Turkish lira edges up from record low on central bank pledge

The Turkish lira pulled back on Tuesday from a record low hit a day earlier, helped by the central bank's liquidity measures and news of a planned conference call in which the finance minister will seek to reassure investors. The lira, which closed at 6.9
Published 15 Aug, 2018 12:00am
Euro down in Asia
Currency

Euro down in Asia

The euro stood near a one-year low against the dollar and the Swiss franc on Tuesday, remaining under pressure as the Turkish lira wobbled on worries that Turkey's economic woes could hit European banks and spread to other emerging economies. Investors ar
Published 15 Aug, 2018 12:00am
Euro recovers in Europe, but threat from Turkey remains
Currency

Euro recovers in Europe, but threat from Turkey remains

The euro recovered on Tuesday from earlier losses linked to the collapse of the Turkish lira, but investors said the exposure of European banks to Turkey would continue to trouble the single currency. The lira has lost more than 40 percent of its value ag
Published 15 Aug, 2018 12:00am
Early trade in New York: Euro slips, dollar holds firm
Currency

Early trade in New York: Euro slips, dollar holds firm

The euro fell on Tuesday, hitting 13-month lows against the dollar and Swiss franc, as traders fret over the exposure of European banks to Turkey, whose currency rebounded from an all-time low. The Turkish lira has lost more than 40 percent of its value a
Published 15 Aug, 2018 12:00am
Euro, emerging market currencies fall in New York
Currency

Euro, emerging market currencies fall in New York

The fallout from the Turkish lira's plunge sent the euro to a new 13-month low and hammered emerging market currencies as investors worried about contagion scrambled for the safety of the yen and the Swiss franc.
Published 15 Aug, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 83.75-83.75 (Previous 83.75-83.75).
Published 15 Aug, 2018 12:00am
Asian forex: Most Asian currencies cautious

Asian forex: Most Asian currencies cautious

Most Asian currencies had some respite on Tuesday as Turkey's lira pulled back from Monday's record low and the US dollar retreated, although Indonesia's rupiah weakened before the start of a central bank policy meeting. The lira recovered after Turkey's
Published 15 Aug, 2018 12:00am
Sri Lankan rupee tumbles
Currency

Sri Lankan rupee tumbles

The Sri Lankan rupee hit a near-record low on Tuesday on weakness in emerging-market currencies including the Indian rupee, and importer dollar demand, dealers said. The rupee, which fell to a low of 160.15 per dollar in intraday trade, closed at 160.10/2
Published 15 Aug, 2018 12:00am
Aussie, kiwi stay near multi-month lows

Aussie, kiwi stay near multi-month lows

The Australian and New Zealand dollars bounced off recent lows after steep losses in the past couple of sessions but analysts see further downside for the two currencies as investors flee to safe havens such as bonds and yen. The Australian dollar held at
Published 15 Aug, 2018 12:00am
Sterling slides to new 13-month low

Sterling slides to new 13-month low

Sterling slid to a new 13-month low on Tuesday after a rebound in the dollar and as weaker-than-forecast wage growth offset an unexpected fall in Britain's unemployment rate. The pound had risen to as high as $1.2827 after official data showed unemploymen
Published 15 Aug, 2018 12:00am
Indian rupee hits record low of 70 to the dollar
Mutual Funds

Indian rupee hits record low of 70 to the dollar

The Indian rupee hit a record low of 70 to the dollar on Tuesday as emerging market currencies are sold off by investors spooked by the Turkish financial crisis. The under-pressure rupee touched 70.09 briefly during mid-morning trade as fears grow that th
Published 15 Aug, 2018 12:00am
Alonso to retire from Formula One at end of season

Alonso to retire from Formula One at end of season

Two-time world champion Fernando Alonso announced on Tuesday that he will retire from Formula One at the end of the season after his recent struggles with underachieving McLaren. The 37-year-old Spaniard - who has 32 Grand Prix wins to his credit in 17 se
Published 15 Aug, 2018 12:00am
Serena Williams breezes past Gavrilova, Pouille ousts Murray

Serena Williams breezes past Gavrilova, Pouille ousts Murray

Serena Williams re-established her customary superiority, hammering Daria Gavrilova 6-1, 6-2 to reach the second round of the Cincinnati Masters on Monday. The 23-time Grand Slam champion showed full recovery in her first match since suffering the worst d
Published 15 Aug, 2018 12:00am
Sri Lanka edge out South Africa in T20

Sri Lanka edge out South Africa in T20

Spinner Lakshan Sandakan starred in Sri Lanka's hard fought three-wicket win over South Africa in the only Twenty20 international after bowling out the visitors for their lowest total in the game's shortest format. Electing to bat in the only T20 match of
Published 15 Aug, 2018 12:00am
Ethiopia asks dissident runner Feyisa Lilesa to come home

Ethiopia asks dissident runner Feyisa Lilesa to come home

Ethiopia has asked dissident marathoner and Olympics silver medallist Feyisa Lilesa to come home, promising a "hero's welcome", in an open letter published Tuesday. Lilesa has lived in self-imposed exile in the US since 2016 when he raised his arms in a g
Published 15 Aug, 2018 12:00am
Salah reported over allegedly using mobile while driving

Salah reported over allegedly using mobile while driving

Egyptian star Mohamed Salah could be in trouble with police after his club Liverpool passed a video apparently showing him using his mobile phone while driving. A spokesman for last season's Champions League finalists said they passed the video, which had
Published 15 Aug, 2018 12:00am
Jashan-e-Azadi Tennis enters into semi-final stage

Jashan-e-Azadi Tennis enters into semi-final stage

Hamza and Karam and Uziar and Kashan Umar will clash in the final of the Under-14 Doubles in the Jashan-e-Azadi Tennis Tournament being played here at Synthetic Tennis Courts on Tuesday. Famous Cardiologist Dr. Farhat Abbas was the chief guest on this occ
Published 15 Aug, 2018 12:00am
Thousands pour in for Asian Games

Thousands pour in for Asian Games

Thousands of athletes are flying in as Indonesia makes final preparations to host the Asian Games - the world's second biggest multi-sports event, taking place against a backdrop of terrorism fears, environmental concerns and logistical headaches.
Published 15 Aug, 2018 12:00am
TV riches make paying fans less crucial to clubs

TV riches make paying fans less crucial to clubs

Premier League clubs receive so much money from television half of them could still turn a profit even if the stadia were empty, according to the BBC. Using statistics compiled from the 2016/17 season, during which clubs benefited from a record £8.3billio
Published 15 Aug, 2018 12:00am
Australia enlists soldiers in drive for Olympic gold

Australia enlists soldiers in drive for Olympic gold

Soldiers have been enlisted to help Australian athletes perform better under pressure in the lead up to the 2020 Tokyo Olympics as part of a drive to win more medals. It follows their smallest haul in 24 years at the 2016 Rio Olympics, where Australia fin
Published 15 Aug, 2018 12:00am
Stokes acquitted of affray

Stokes acquitted of affray

England cricketer Ben Stokes was found not guilty of affray in a unanimous decision by a jury in less than three hours of deliberations on Tuesday following a trial at Bristol Crown Court.
Published 15 Aug, 2018 12:00am
Sri Lanka arrests intel officer over killings

Sri Lanka arrests intel officer over killings

Sri Lankan police on Tuesday arrested a navy intelligence officer in connection with atrocities committed during the island's bloody civil war, including the assassination of a prominent Tamil politician. Lieutenant commander Sampath Hettiarachchi was wan
Published 15 Aug, 2018 12:00am
Lack of food pushes 2.3 million to flee Venezuela: UN

Lack of food pushes 2.3 million to flee Venezuela: UN

About 2.3 million Venezuelans have fled their crisis-hit country mainly because of a lack of food as severe shortages of medicine has left thousands at risk, the UN spokesman said Tuesday. The Venezuelans have fled to Colombia, Ecuador, Peru and Brazil.
Published 15 Aug, 2018 12:00am
North Korea suspends tour visas ahead of anniversary

North Korea suspends tour visas ahead of anniversary

North Korea has stopped processing tourist visas for foreigners ahead of a high profile anniversary next month, according to a China-based tour operator. The measure follows reports that Pyongyang had suspended visits by Chinese tour groups as it prepares
Published 15 Aug, 2018 12:00am
Masked vandals torch dozens of cars in Sweden

Masked vandals torch dozens of cars in Sweden

Up to 80 cars were set on fire overnight across western Sweden by masked vandals, police said Tuesday, in what they suspect was a coordinated attack weeks before a general election. Most of the cars were burned at around 20 locations in Sweden's second la
Published 15 Aug, 2018 12:00am
Taiwan leader irks China with rare US speech

Taiwan leader irks China with rare US speech

Taiwan's president has given a speech in the United States - the first time in 15 years that a leader of the island has spoken publicly on American soil - prompting an official protest from Beijing. During a stopover en route to Paraguay, Tsai Ing-wen, wh
Published 15 Aug, 2018 12:00am
US defense chief woos Brazil as Chinese influence grows

US defense chief woos Brazil as Chinese influence grows

US Defense Secretary Jim Mattis urged closer strategic ties with Brazil on Tuesday in what appeared to be part of a concerted pushback against growing Chinese influence in Latin America. Mattis, who is starting a tour of the region, told military officers
Published 15 Aug, 2018 12:00am
Trump calls former aide Omarosa a 'dog'

Trump calls former aide Omarosa a 'dog'

President Donald Trump took another swipe at his former "Apprentice" and White House aide Omarosa Manigault Newman Tuesday in especially angry terms, slamming her as a "dog" and a "crazed, crying lowlife" as her tell-all book hits stores. Manigault Newman
Published 15 Aug, 2018 12:00am
Blocked by Israel for years, Palestinian mail finally arrives

Blocked by Israel for years, Palestinian mail finally arrives

Palestinian postal service employees are working overtime to sort through some 10 tonnes of letters and packages blocked by Israel for up to eight years, Palestinian officials said Tuesday. The parcels, dating from between 2010 and this year, had been pre
Published 15 Aug, 2018 12:00am
Chile in shock as 10 women perish in nursing home blaze

Chile in shock as 10 women perish in nursing home blaze

Ten women burned to death in a blaze at a Chilean nursing home Tuesday, shocking the country and prompting a call by President Sebastian Pinera to shake consciences over treatment of the elderly. The tragedy revived debate in the South American country ov
Published 15 Aug, 2018 12:00am
European countries reach deal to share Aquarius migrants

European countries reach deal to share Aquarius migrants

Five European countries on Tuesday offered to take in the 141 migrants marooned on board the Aquarius rescue vessel after it was given permission to dock in Malta, resolving a new standoff over the charity ship. Spain offered to take 60 people and Germany
Published 15 Aug, 2018 12:00am
Shanghai copper slips for third day

Shanghai copper slips for third day

Shanghai Futures Exchange, the most-traded copper dropped 0.5 percent to 49,450 yuan ($7,179) a tonne on Tuesday as the dollar stood tall versus other currencies on concerns that a rout in the Turkish lira could infect European banks and emerging economie
Published 15 Aug, 2018 12:00am
China data increases pressure on copper price
Currency

China data increases pressure on copper price

Copper fell on Tuesday towards the one-year lows of last month as sentiment already floored by the Turkish lira crisis took another knock from data suggesting weaker demand in China. Benchmark copper on the London Metal Exchange closed 1.8 percent down at
Published 15 Aug, 2018 12:00am
India imported 4.6 million bpd oil in July, almost flat year-on-year

India imported 4.6 million bpd oil in July, almost flat year-on-year

India imported about 4.6 million barrels per day (bpd) of oil in July, almost flat compared to a year earlier, according to data from shipping and industry sources. Saudi Arabia emerged as top oil supplier to the world's third biggest oil consumer in July
Published 15 Aug, 2018 12:00am
Oil slips as strong dollar pressures; equities gains support

Oil slips as strong dollar pressures; equities gains support

Oil prices edged lower on Tuesday, weighed down by a strengthening US dollar as investors remained concerned about the financial crisis in Turkey. Brent crude dipped 15 cents to settle at $72.46 a barrel, while US West Texas Intermediate (WTI) crude futur
Published 15 Aug, 2018 12:00am
Tokyo rubber erases losses

Tokyo rubber erases losses

Benchmark Tokyo rubber futures erased early losses to end higher on Tuesday, helped by a weaker yen against the dollar. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, traded lower in the morning, weighed
Published 15 Aug, 2018 12:00am
Palm oil rebounds
Vegetable Oil

Palm oil rebounds

Malaysian palm oil futures rebounded from losses earlier in the day to chart a first day of gains in four sessions, lifted by a weaker ringgit and some short covering, traders said. The benchmark palm oil contract for October delivery on the Bursa Malaysi
Published 15 Aug, 2018 12:00am
Raw sugar climbs off three-year lows, cocoa falls
Currency

Raw sugar climbs off three-year lows, cocoa falls

Raw sugar futures on ICE edged up from three-year lows on Tuesday as light speculative buying and a firmer Brazilian currency provided some support, while New York cocoa retreated. October raw sugar was up 0.13 cent, or 1.3 percent, at 10.43 cents per lb
Published 15 Aug, 2018 12:00am
Gold hits fresh 2017 lows in New York

Gold hits fresh 2017 lows in New York

Gold prices sank below $1,200 per ounce on Monday to their lowest since late January 2017, losing out to US Treasuries and a strong dollar as investors sought refuge from a financial market rout triggered by a crashing Turkish lira.
Published 15 Aug, 2018 12:00am
Gold moves up in Asia

Gold moves up in Asia

Gold prices edged up on Tuesday from an 18-month low hit in the previous session as a break below a key psychological level triggered buying interest, while the US dollar pared gains after scaling a 13-month high. Spot gold was up 0.2 percent at $1,195.51
Published 15 Aug, 2018 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose from near 18-month lows on Tuesday, attempting a break back above the key $1,200 level as the dollar softened and analysts said the precious metal could have fallen too far. Spot gold was up 0.3 percent to $1,196.10 an ounce at 1300 GMT. In the
Published 15 Aug, 2018 12:00am
US MIDDAY: grain, soyabean futures up

US MIDDAY: grain, soyabean futures up

US grain and soyabean futures rose on Tuesday in a turnaround from sharp recent losses, while soyameal futures neared a two-week high on a decision by Argentina to suspend cuts to export taxes for the livestock feed, traders said. Prices were recovering a
Published 15 Aug, 2018 12:00am
US MIDDAY: gold advances

US MIDDAY: gold advances

Gold rose from near 18-month lows on Tuesday, with futures breaking back above the key $1,200 level as the dollar softened and some analysts said the precious metal may have fallen too far. The dollar, in which gold is priced, was a touch lower against a
Published 15 Aug, 2018 12:00am
Neelum Jhelum attains full generation capacity of 969MW

Neelum Jhelum attains full generation capacity of 969MW

The strategically important Neelum Jhelum Hydropower Project achieved a historic landmark as the project attained its maximum generation capacity of 969 MW on Tuesday. All units of the project are generating power to their maximum. Meanwhile, Pakistan Wat
Published 15 Aug, 2018 12:00am
General Tyre and Rubber Company
Mutual Funds

General Tyre and Rubber Company

General Tyre and Rubber Company of Pakistan Limited (PSX: GTYR) is a renowned name in the tyre industry and is one of the prominent players in the auto parts sector. The company is part of the Bibojee group owned by the Kuli Khattak Khan family. The group
Published 15 Aug, 2018 12:00am
General Tyre and Rubber Company
Mutual Funds

General Tyre and Rubber Company

General Tyre and Rubber Company of Pakistan Limited (PSX: GTYR) is a renowned name in the tyre industry and is one of the prominent players in the auto parts sector. The company is part of the Bibojee group owned by the Kuli Khattak Khan family. The group
Published 15 Aug, 2018 12:00am
Pakistan still carrying begging bowl: Shahbaz

Pakistan still carrying begging bowl: Shahbaz

Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif on Tuesday said that despite passage of 71 years of independence, Pakistan has not become a stable country and still carrying a begging bowl. "We have not learnt any lesson from the past. We ha
Published 15 Aug, 2018 12:00am
Safdar shifted back to Adiala Jail

Safdar shifted back to Adiala Jail

The jailed son-in-law of former prime minister Nawaz Sharif Captain Muhammad Safdar (retd) was shifted to Adiala Jail on Tuesday from Pakistan Institute of Medical Sciences (PIMS) where he was under treatment. On August 09, Safdar was brought to PIMS for
Published 15 Aug, 2018 12:00am
Opposition may field: JUI-F's Mian Nisar for KP CM's slot

Opposition may field: JUI-F's Mian Nisar for KP CM's slot

Joint opposition in Khyber Pakhtunkhwa is likely to field Mian Nisar Gul, a JUI-F MPA elected from PK-85 Karak-I for contesting against Mahmood Khan, the PTI-designated Chief Minister for the province. PTI enjoys the support of 84 legislators in 124-membe
Published 15 Aug, 2018 12:00am
Askari calls for empowering youth for country's progress

Askari calls for empowering youth for country's progress

The interim Punjab chief minister Dr Hasan Askari on Tuesday said the country's future is attached with the youth and the more youth is empowered the more Pakistan will progress steadily. "The 21st century is an era of knowledge and technology and differe
Published 15 Aug, 2018 12:00am
Siraj hoists national flag at Mansoora

Siraj hoists national flag at Mansoora

While hoisting the national flag atop the Jamaat-e-Islami headquarters Mansoora to mark the 71st Independence Day, the Ameer, Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, declared that the JI would build Pakistan according to the vision of Allama Iqbal
Published 15 Aug, 2018 12:00am
NESPAK celebrates Independence Day with fervour

NESPAK celebrates Independence Day with fervour

NESPAK celebrated the 71st Independence Day by arranging a simple but impressive ceremony at NESPAK House, Lahore here on August 14, 2018. The ceremony was started with recitation from the Holy Quran and prayers were made for the national unity and progre
Published 15 Aug, 2018 12:00am
Partly Facetious: Smiles and handshakes

Partly Facetious: Smiles and handshakes

"The swearing in ceremony was carried out amidst smiles and handshakes of erstwhile verbose abusers who left no opportunity to hurl insults and accusations against each other..."
Published 15 Aug, 2018 12:00am
Independence Day marked with enthusiasm in Hyderabad

Independence Day marked with enthusiasm in Hyderabad

The 71st Independence Day of Pakistan was celebrated with great enthusiasm, zeal, zest and national spirit by the people of Hyderabad like other parts of the country here on Tuesday. The celebrations began with midnight fireworks in many parts of Hyderaba
Published 15 Aug, 2018 12:00am
Need stressed for chalking out perfect water management system

Need stressed for chalking out perfect water management system

Prof. Muhammad Rafi has stressed on an end to blame game on the water issues and called for making perfect water management systems, re-cycling of water and conversion of saline sea water into sweet potable water. "A human being can live without electrici
Published 15 Aug, 2018 12:00am
Pakistan's 71st Independence Day celebrated in Tehran

Pakistan's 71st Independence Day celebrated in Tehran

Pakistan's 71st Independence Day was celebrated in Tehran with traditional fervour. An impressive ceremony was held in this morning at the Residence of Ambassador of Pakistan in which a large number of members of Pakistani community from all walks of life
Published 15 Aug, 2018 12:00am
PIA celebrates Independence Day

PIA celebrates Independence Day

Pakistan International Airlines (PIA) celebrated the Independence Day of Pakistan at the airline's head office.
Published 15 Aug, 2018 12:00am
PIA initiates inquiry into PK-750 incident

PIA initiates inquiry into PK-750 incident

Pakistan International Airlines (PIA) has initiated inquiry into the event that occurred in the flight PK 750 at Paris on August 3, 2018. PIA management has issued show cause notice to its station manager in Paris over his poor performance and mishandling
Published 15 Aug, 2018 12:00am
SSUET celebrates Independence Day

SSUET celebrates Independence Day

Chancellor of Sir Syed University of Engineering and Technology, Jawaid Anwar has said it is requirement of time to reform system of education in a manner that can contribute in nation's reconstruction and make students the best citizens. "Youth are the b
Published 15 Aug, 2018 12:00am
Durrani set to become Sindh Assembly speaker again

Durrani set to become Sindh Assembly speaker again

An easy sailing for Aga Siraj Durrani is ahead to retain Speakership of the Sindh Assembly in a secret poll on Wednesday, as his party has an overwhelming majority in the house to vote out opposition contestant. The former ruling PPP is again set to form
Published 15 Aug, 2018 12:00am
Independence Day: Change of guard ceremony held at Mazar-e-Quaid

Independence Day: Change of guard ceremony held at Mazar-e-Quaid

An impressive Change of Guard ceremony was held at mausoleum of Quaid-e-Azam Muhammad Ali Jinnah as the entire nation celebrated 71st anniversary of Independence of Pakistan. Smartly turned out contingent of Pakistan Naval Academy cadets, clad in ceremoni
Published 15 Aug, 2018 12:00am
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