Print - 2019-10-06
Ivory Coast caps cocoa production at 2m tonnes to buoy prices

Ivory Coast caps cocoa production at 2m tonnes to buoy prices

Ivory Coast will cap cocoa production at 2 million tonnes from next year to bolster prices, a government official said as the 2019/20 season got under way on Tuesday. The world's largest cocoa producer, which expects to have produced about 2.2 million ton
Published 06 Oct, 2019 12:00am
Brazil's sugar exports expected to hit 12-year low

Brazil's sugar exports expected to hit 12-year low

Brazilian sugar exports in the 2019/20 season will likely hit a 12-year low, totaling just 18.5 million tonnes as depressed global sugar prices steer cane mills away from export markets, consultancy JOB Economia said in a report on Wednesday.
Published 06 Oct, 2019 12:00am
USDA confirms 464,000 tonnes of US soyabeans sold to China

USDA confirms 464,000 tonnes of US soyabeans sold to China

Private exporters sold 464,000 tonnes of US soyabeans to China for shipment in the 2019/20 marketing year that began Sept. 1, the US Department of Agriculture (USDA) said on Wednesday, the latest in a flurry of purchases by the world's top soya importer.
Published 06 Oct, 2019 12:00am
Polio cases reach 72 as three more surface in country

Polio cases reach 72 as three more surface in country

Eradication of polio virus in the country seems a distant dream as three more polio cases surfaced on Saturday, taking the tally of such cases across the country to 72 this year. One each case was reported from Sindh, Balochistan and Khyber Pakhtunkhwa. A
Published 06 Oct, 2019 12:00am
Official visit of Duke and Duchess of Cambridge to begin on 14th

Official visit of Duke and Duchess of Cambridge to begin on 14th

Their Royal Highnesses The Duke and Duchess of Cambridge will undertake an official visit to Pakistan between Monday 14th and Friday 18th October, at the request of The Foreign and Commonwealth Office. This will be Their Royal Highnesses' first official v
Published 06 Oct, 2019 12:00am
Need stressed to reduce UFG

Need stressed to reduce UFG

A meeting was held under the Chairmanship of Minister for Energy Omer Ayub Khan at Sui Northern Gas Pipe Lines Limited (SNGPL) Head Office in Lahore. The Special Assistant to Prime Minister on Petroleum Nadeem Babar, Secretary (Petroleum Division) Mian As
Published 06 Oct, 2019 12:00am
ANP vows to support Fazl's 'Azadi March'

ANP vows to support Fazl's 'Azadi March'

ANP general secretary Mian Iftikhar Hussain has said the Azadi March of JUI-F could be opposed on some technical grounds. However, in principles they are supporting the march. Addressing ANP gathering in district Nowshera on Saturday, he said Maulana Fazl
Published 06 Oct, 2019 12:00am
PM's China visit ahead of Xi's India trip termed significant
Exchange

PM's China visit ahead of Xi's India trip termed significant

Prime Minister Imran Khan will visit China on Monday that is highly significant as it is taking place ahead of President Xi Jinping's scheduled visit to India. Khan's visit was being given high importance by both the governments in the context of their gr
Published 06 Oct, 2019 12:00am
PM holds teachers in high esteem

PM holds teachers in high esteem

Prime Minister Imran Khan said that it is among the priorities of Naya Pakistan to ensure the standing and worth of teachers in the society. In his message on World Teachers Day, he said teachers are benefactors of nation who play the role of ladder in it
Published 06 Oct, 2019 12:00am
Number of 3G, 4G users reaches 71.35 million by end-August: PTA

Number of 3G, 4G users reaches 71.35 million by end-August: PTA

The number of 3G and 4G users in Pakistan reached 71.35 million by end-August compared to 69.87 million by end-July 2019, said Pakistan Telecommunication Authority (PTA). The number of mobile phone users in Pakistan reached 161.788 million by end-August c
Published 06 Oct, 2019 12:00am
Buzdar grieves over teenager's death

Buzdar grieves over teenager's death

Punjab Chief Minister Sardar Usman Buzdar on Saturday expressed a deep sense of sorrow and grief over the sad demise of a teenager who died after succumbing to injuries caused by an elevator in Mayo Hospital.
Published 06 Oct, 2019 12:00am
ISE Reit suggests changes in builders & developers rules
Exchange

ISE Reit suggests changes in builders & developers rules

ISE Towers REIT Management Co Ltd (ISE REIT) has suggested changes in the Builders and Developers Special Procedures Rules 2019 of the Federal Board of Revenue (FBR) and proposed bringing the undocumented builders and developers into formal regime by regi
Published 06 Oct, 2019 12:00am
DMC East's two UCs modernisation plan chalked out

DMC East's two UCs modernisation plan chalked out

The DMC East will transform UC-10 and UC-24 into model union committees by lifting garbage, constructing roads, renovating the parks, fixing street lights, changing sewerage lines and removing stray dogs. The District Municipal Corporation East in Karachi
Published 06 Oct, 2019 12:00am
Shell Pakistan commemorates journey

Shell Pakistan commemorates journey

A grand ceremony was hosted by Shell Pakistan Limited to commemorate its journey with Pakistan through the decades. Through the launch of its memoir, "Powering Progress in Pakistan", Shell Pakistan highlights the organisation's pivotal role and contributi
Published 06 Oct, 2019 12:00am
Nine killed in road mishap on Makran Coastal Highway

Nine killed in road mishap on Makran Coastal Highway

At least nine people were killed and eleven others injured when a passenger bus met with an accident on Makran Coastal Highway in Balochistan on Saturday morning. The Karachi-bound bus from Pasni overturned due to over speeding near Buzi Stop. Rescue team
Published 06 Oct, 2019 12:00am
Fawad lashes out at JUI-F's 'Azadi March'

Fawad lashes out at JUI-F's 'Azadi March'

Federal Minister for Science and Technology, Fawad Chaudhry lashed out at Maulana Fazl Ur Rehman saying that he was propagating Azadi March for self interest. Taking to the social networking site, Twitter, Chaudhry said that the exploitation of Madrassah
Published 06 Oct, 2019 12:00am
Justice Jamal Mandokhel sworn in as BHC CJ

Justice Jamal Mandokhel sworn in as BHC CJ

Justice Jamal Khan Mandokhel was sworn in as the new chief justice of the Balochistan High Court (BHC) on Saturday. Governor Balochistan Amanullah Khan Yasinzai administered the oath to the Justice Mandokhel in a ceremony held at the Governor House Quetta
Published 06 Oct, 2019 12:00am
Locust attack: DC Tharparkar directs urgent spray on yields

Locust attack: DC Tharparkar directs urgent spray on yields

To save the yields from the locusts attack the spray work will be done urgently. These directions were given by the Deputy Commissioner Tharparkar Dr Shahzad Tahir Thaheem to the revenue officers and Agriculture Department Tharparkar.
Published 06 Oct, 2019 12:00am
Illegal injections worth Rs 40 million seized in Quetta

Illegal injections worth Rs 40 million seized in Quetta

The Pakistan Customs seized on Saturday illegal injections from three vehicles on Quetta's Airport Road. The Customs officials intercepted three vehicles and found 15,545 injections, according to a spokesperson of the Customs. They were being smuggled to
Published 06 Oct, 2019 12:00am
PPP leader blames PTI government for soaring inflation

PPP leader blames PTI government for soaring inflation

Sindh Minister for Information & Archives and Labour Saeed Ghani has said the state of affairs of the economy in the country could be gauge from the fact that the Industrialists and the leaders of the business community finally had to meet the Chief of Ar
Published 06 Oct, 2019 12:00am
US Senator concerned about blackout, restrictions

US Senator concerned about blackout, restrictions

US Senator Elizabeth Warren raised her concern over the recent events in occupied Kashmir, urging India to respect the rights of Kashmiris. In a tweet, the US senator shared an AFP article regarding misery of Kashmiris in Indian occupied Kashmir.
Published 06 Oct, 2019 12:00am
US Senator concerned about blackout, restrictions

US Senator concerned about blackout, restrictions

US Senator Elizabeth Warren raised her concern over the recent events in occupied Kashmir, urging India to respect the rights of Kashmiris. In a tweet, the US senator shared an AFP article regarding misery of Kashmiris in Indian occupied Kashmir.
Published 06 Oct, 2019 12:00am
Future of US-Taliban talks dependent on Afghan election outcome

Future of US-Taliban talks dependent on Afghan election outcome

Informal talks between the Taliban and United States have concluded with both sides expressing willingness to pursue the Afghan peace process, it was learnt. Diplomatic sources told Business Recorder that the Doha-based Mullah Abdul Ghani Taliban P
Published 06 Oct, 2019 12:00am
Future of US-Taliban talks dependent on Afghan election outcome

Future of US-Taliban talks dependent on Afghan election outcome

Informal talks between the Taliban and United States have concluded with both sides expressing willingness to pursue the Afghan peace process, it was learnt. Diplomatic sources told Business Recorder that the Doha-based Mullah Abdul Ghani Taliban P
Published 06 Oct, 2019 12:00am
FO rejects MEA's comment on PM's statement

FO rejects MEA's comment on PM's statement

Pakistan Saturday rejected the comments by Indian External Affairs Ministry's spokesman about Prime Minister Imran Khan's statement on Kashmir and advised India to 'keep its lectures on diplomacy and normality to itself.' "India would be well-advised to k
Published 06 Oct, 2019 12:00am
FO rejects MEA's comment on PM's statement

FO rejects MEA's comment on PM's statement

Pakistan Saturday rejected the comments by Indian External Affairs Ministry's spokesman about Prime Minister Imran Khan's statement on Kashmir and advised India to 'keep its lectures on diplomacy and normality to itself.' "India would be well-advised to k
Published 06 Oct, 2019 12:00am
UN chief urges Pakistan, India to hold dialogue

UN chief urges Pakistan, India to hold dialogue

The United Nations Secretary General Antonio Guterres has again expressed serious concern over grave humanitarian situation in occupied Kashmir. A UN spokesman Stephane Dujarric during a regular briefing said that Secretary-General remains concerned over
Published 06 Oct, 2019 12:00am
UN chief urges Pakistan, India to hold dialogue

UN chief urges Pakistan, India to hold dialogue

The United Nations Secretary General Antonio Guterres has again expressed serious concern over grave humanitarian situation in occupied Kashmir. A UN spokesman Stephane Dujarric during a regular briefing said that Secretary-General remains concerned over
Published 06 Oct, 2019 12:00am
PM advises AJK people against crossing LoC

PM advises AJK people against crossing LoC

Prime Minister Imran Khan on Saturday advised people of Azad Jammu and Kashmir (AJK) against crossing the Line of Control (LoC) to help fellow besieged Kashmiris in the other occupied part of the valley, as it will only cement India's narrative of 'Islami
Published 06 Oct, 2019 12:00am
PM advises AJK people against crossing LoC

PM advises AJK people against crossing LoC

Prime Minister Imran Khan on Saturday advised people of Azad Jammu and Kashmir (AJK) against crossing the Line of Control (LoC) to help fellow besieged Kashmiris in the other occupied part of the valley, as it will only cement India's narrative of 'Islami
Published 06 Oct, 2019 12:00am
Grenade attack in IOK injures 10

Grenade attack in IOK injures 10

A grenade attack on Saturday in held Kashmir's southern city of Anantnag injured 10 people, including a traffic policeman and a journalist, police said on Twitter, blaming "terrorists". Many people in occupied Kashmir have been seething since India stripp
Published 06 Oct, 2019 12:00am
Grenade attack in IOK injures 10

Grenade attack in IOK injures 10

A grenade attack on Saturday in held Kashmir's southern city of Anantnag injured 10 people, including a traffic policeman and a journalist, police said on Twitter, blaming "terrorists". Many people in occupied Kashmir have been seething since India stripp
Published 06 Oct, 2019 12:00am
Protesters flood Iraq streets anew as death toll nears 100

Protesters flood Iraq streets anew as death toll nears 100

Renewed protests took place under live fire in Iraq's capital and the country's south Saturday as the government struggled to agree a response to days of rallies that have left nearly 100 dead. The largely spontaneous gatherings of demonstrators - whose d
Published 06 Oct, 2019 12:00am
Protesters flood Iraq streets anew as death toll nears 100

Protesters flood Iraq streets anew as death toll nears 100

Renewed protests took place under live fire in Iraq's capital and the country's south Saturday as the government struggled to agree a response to days of rallies that have left nearly 100 dead. The largely spontaneous gatherings of demonstrators - whose d
Published 06 Oct, 2019 12:00am
Fazl says Zardari supporting his planned protest march

Fazl says Zardari supporting his planned protest march

Chief of his own faction, Jamiat Ulema-e-Islam (JUI-F), Maulana Fazl-ur-Rehman has warned the government of dire consequences, if it decides create hurdles to its party's upcoming 'Azadi March'. Fazl was talking to media persons here on Saturday. The JUI-
Published 06 Oct, 2019 12:00am
Fazl says Zardari supporting his planned protest march

Fazl says Zardari supporting his planned protest march

Chief of his own faction, Jamiat Ulema-e-Islam (JUI-F), Maulana Fazl-ur-Rehman has warned the government of dire consequences, if it decides create hurdles to its party's upcoming 'Azadi March'. Fazl was talking to media persons here on Saturday. The JUI-
Published 06 Oct, 2019 12:00am
Pompeo blasts 'harassment' by Congress over impeachment probe
Exchange

Pompeo blasts 'harassment' by Congress over impeachment probe

US Secretary of State Mike Pompeo on Saturday accused members of Congress of harassing his department to obtain documents linked to an impeachment investigation against President Donald Trump. "There have been congressional inquiries that have harassed an
Published 06 Oct, 2019 12:00am
Pompeo blasts 'harassment' by Congress over impeachment probe
Exchange

Pompeo blasts 'harassment' by Congress over impeachment probe

US Secretary of State Mike Pompeo on Saturday accused members of Congress of harassing his department to obtain documents linked to an impeachment investigation against President Donald Trump. "There have been congressional inquiries that have harassed an
Published 06 Oct, 2019 12:00am
Depleted Sri Lanka shock Pakistan despite Hasnain hat-trick

Depleted Sri Lanka shock Pakistan despite Hasnain hat-trick

New-look Sri Lanka achieved their biggest T20 win over world number one Pakistan by 64 runs on the back of some brilliant batting and bowling in Lahore on Saturday. Opener Danushka Gunathilaka scored a career best 57 and despite a hat-trick by teenage Pak
Published 06 Oct, 2019 12:00am
Depleted Sri Lanka shock Pakistan despite Hasnain hat-trick

Depleted Sri Lanka shock Pakistan despite Hasnain hat-trick

New-look Sri Lanka achieved their biggest T20 win over world number one Pakistan by 64 runs on the back of some brilliant batting and bowling in Lahore on Saturday. Opener Danushka Gunathilaka scored a career best 57 and despite a hat-trick by teenage Pak
Published 06 Oct, 2019 12:00am
The Weather

The Weather

The weather report on Saturday (October 05, 2019) and the forecast for Sunday (October 06, 2019).

Published 06 Oct, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (October 05, 2019).

Published 06 Oct, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (October 05, 2019).

Published 06 Oct, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (October 05, 2019).

Published 06 Oct, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (October 05, 2019)

Published 06 Oct, 2019 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 05, 2019).

Published 06 Oct, 2019 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (October 05, 2019).

Published 06 Oct, 2019 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 05, 2019).

Published 06 Oct, 2019 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 05, 2019).

Published 06 Oct, 2019 12:00am
THE RUPEE: falling trend
Currency

THE RUPEE: falling trend

KARACHI: The rupee continued slide on the money market on Saturday in process of trading activity, dealers said. The rupee shed 10 paisas more in terms of the dollar for buying and selling at Rs 156.30 and Rs 156.80, they added.
Published 06 Oct, 2019 12:00am
THE RUPEE: falling trend
Currency

THE RUPEE: falling trend

KARACHI: The rupee continued slide on the money market on Saturday in process of trading activity, dealers said. The rupee shed 10 paisas more in terms of the dollar for buying and selling at Rs 156.30 and Rs 156.80, they added.
Published 06 Oct, 2019 12:00am
India set South Africa 395 to win

India set South Africa 395 to win

Rohit Sharma on Saturday struck a second hundred in his debut as Test opener to help India set South Africa a daunting 395 to win the opening match of their series. The hosts declared their second innings on 323 for four in the final session of day four i
Published 06 Oct, 2019 12:00am
Matloob takes lead in Nur Khan Memorial Open Golf

Matloob takes lead in Nur Khan Memorial Open Golf

International golfer Matloob Ahmad overcome the first day leader M. Tariq and took a two stroke lead with his 12 under 132 over 36 holes of the 54-holes 3rd Nur Khan Memorial Open Golf Championship being played here at PAF Golf Club on Saturday. The Champ
Published 06 Oct, 2019 12:00am
Osaka sweeps into China Open final on just two hours' sleep

Osaka sweeps into China Open final on just two hours' sleep

Naomi Osaka said that she had just two hours' sleep before crushing title-holder Caroline Wozniacki to sweep into the China Open final on Saturday. The 21-year-old Japanese will play world number one Ashleigh Barty of Australia in Sunday's championship ma
Published 06 Oct, 2019 12:00am
Milner keeps Liverpool flying; Spurs crash again

Milner keeps Liverpool flying; Spurs crash again

A stoppage-time James Milner penalty sparked huge celebrations at Anfield as Liverpool beat Leicester City 2-1 on Saturday for an eighth successive Premier League win that moved them eight points clear at the top of the table.
Published 06 Oct, 2019 12:00am
Double gold as Hassan shrugs off Salazar row to win women's 1,500m crown

Double gold as Hassan shrugs off Salazar row to win women's 1,500m crown

Sifan Hassan surged to her second gold medal of the World Championships with victory in the 1,500 metres on Saturday, shrugging off the doping controversy that has embroiled her banned coach Alberto Salazar. The 26-year-old Ethiopian-born Dutch runner rom
Published 06 Oct, 2019 12:00am
Djokovic powers through to Japan Open final

Djokovic powers through to Japan Open final

World number one Novak Djokovic on Saturday cruised into the Japan Open final, thrashing David Goffin 6-3, 6-4. In the final, Djokovic will face Australian qualifier John Millman, who squeezed past American opponent Reilly Opelka 6-3, 7-6 (7/4). The Serbi
Published 06 Oct, 2019 12:00am
Cotton market: major buyers away from big deals on higher rates
Cotton

Cotton market: major buyers away from big deals on higher rates

Leading mills kept on the sidelines on cotton market on Saturday due to higher retas, dealers said. The official spot rate was unchanged at Rs 8700, they added. In ready session, about 7,000 bales of cotton changed hands between Rs 8500-8900, they said.
Published 06 Oct, 2019 12:00am
CBOT soyabean futures ease

CBOT soyabean futures ease

Chicago Board of Trade soyabean futures eased on Thursday, their second day in a row of losses, after early strength failed to push the most-active contract through a 10-week high it hit on Tuesday, traders said. Signs of strong export demand underpinned
Published 06 Oct, 2019 12:00am
European gasoline margins rise on weaker oil

European gasoline margins rise on weaker oil

Northwest European gasoline refining margins rose on Thursday from $9.8 a barrel to $12.3, supported by lower oil prices. Gasoline stocks in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 7% in the week to Thursday, data from Dutch
Published 06 Oct, 2019 12:00am
Kenya's first green bond issue raises $41.45m

Kenya's first green bond issue raises $41.45m

Kenya's first green bond has raised 4.3 billion shillings ($41.45 million) to build environmentally-friendly student accommodation, the issue's lead arranger said on Thursday. So-called green bonds are fixed income securities that raise capital for projec
Published 06 Oct, 2019 12:00am
Kenya's first green bond issue raises $41.45m

Kenya's first green bond issue raises $41.45m

Kenya's first green bond has raised 4.3 billion shillings ($41.45 million) to build environmentally-friendly student accommodation, the issue's lead arranger said on Thursday. So-called green bonds are fixed income securities that raise capital for projec
Published 06 Oct, 2019 12:00am
Investors retreat from US stock funds
Exchange

Investors retreat from US stock funds

Investors pulled nearly $14 billion out of mutual fund and exchange-traded funds that hold US stocks last week, ending what had been the largest surge into domestic stock funds since December 2016, according to data released Wednesday by the Investment Co
Published 06 Oct, 2019 12:00am
Investors retreat from US stock funds
Exchange

Investors retreat from US stock funds

Investors pulled nearly $14 billion out of mutual fund and exchange-traded funds that hold US stocks last week, ending what had been the largest surge into domestic stock funds since December 2016, according to data released Wednesday by the Investment Co
Published 06 Oct, 2019 12:00am
Snapback to higher bond yields? At least five years: strategists

Snapback to higher bond yields? At least five years: strategists

A return to significantly higher yields will take longer than previously thought, according to a Reuters poll of fixed-income strategists who slashed their year-ahead major government bond yield forecasts to the lowest since polling began 17 years ago. Wi
Published 06 Oct, 2019 12:00am
Snapback to higher bond yields? At least five years: strategists

Snapback to higher bond yields? At least five years: strategists

A return to significantly higher yields will take longer than previously thought, according to a Reuters poll of fixed-income strategists who slashed their year-ahead major government bond yield forecasts to the lowest since polling began 17 years ago. Wi
Published 06 Oct, 2019 12:00am
Brazil real posts 2.6 percent weekly jump
Currency

Brazil real posts 2.6 percent weekly jump

Brazil's real chalked up its third strongest weekly gain of the year on Friday, spurred by a Wall Street-led global rally in risky assets and as speculators covered their largest short position in the currency in almost five years. Having been beaten down
Published 06 Oct, 2019 12:00am
Loonie cuts weekly decline
Currency

Loonie cuts weekly decline

The Canadian dollar strengthened against its US counterpart on Friday, paring this week's decline, as oil prices rallied and domestic data showed the trade deficit narrowed in August. Canada posted a trade deficit of C$955 million in August after a revise
Published 06 Oct, 2019 12:00am
China's yuan to slip to new decade lows
Exchange

China's yuan to slip to new decade lows

The Chinese yuan will slip by year-end to deeper lows last hit against the US dollar during the 2008 global financial crisis as the authorities nudge the partly managed currency down while the US-China trade war rumbles on, a Reuters poll showed. With glo
Published 06 Oct, 2019 12:00am