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Print - 2014-08-09
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (August 08, 2014).

Published 09 Aug, 2014 12:00am
Article 245: Khursheed seeks record, notification

Article 245: Khursheed seeks record, notification

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah asked Pakistan Muslim League-Nawaz (PML-N) government to provide the record and notification of invocation of Article 245, which had been shown by the Interior Minister on the floor o
Published 09 Aug, 2014 12:00am
Article 245: Khursheed seeks record, notification

Article 245: Khursheed seeks record, notification

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah asked Pakistan Muslim League-Nawaz (PML-N) government to provide the record and notification of invocation of Article 245, which had been shown by the Interior Minister on the floor o
Published 09 Aug, 2014 12:00am
Fuel supply suspended, motorbikes seized: PTI

Fuel supply suspended, motorbikes seized: PTI

Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Shah Mehmood Qureshi has said that his party would hold a peaceful "Azadi March" on August 14, 2014 at all cost. While condemning on the floor of the National Assembly Friday the arrests of the PTI workers in P
Published 09 Aug, 2014 12:00am
Fuel supply suspended, motorbikes seized: PTI

Fuel supply suspended, motorbikes seized: PTI

Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Shah Mehmood Qureshi has said that his party would hold a peaceful "Azadi March" on August 14, 2014 at all cost. While condemning on the floor of the National Assembly Friday the arrests of the PTI workers in P
Published 09 Aug, 2014 12:00am
Ebrahim breaks his silence, rejects allegations by Imran

Ebrahim breaks his silence, rejects allegations by Imran

Former Chief Election Commissioner former Justice Fakhruddin G Ebrahim has rejected allegations of any pressure from the former Chief Justice Iftikhar Mohammad Chaudhry during 2013 general elections. According to him, the army should have been given more
Published 09 Aug, 2014 12:00am
Ebrahim breaks his silence, rejects allegations by Imran

Ebrahim breaks his silence, rejects allegations by Imran

Former Chief Election Commissioner former Justice Fakhruddin G Ebrahim has rejected allegations of any pressure from the former Chief Justice Iftikhar Mohammad Chaudhry during 2013 general elections. According to him, the army should have been given more
Published 09 Aug, 2014 12:00am
Violence in Punjab while Islamabad on the edge

Violence in Punjab while Islamabad on the edge

Clashes between activists of Pakistan Awami Tehrik (PAT) and the Punjab Police broke out on Friday evening at Faisal Town crossings when PAT workers removed the containers put up by the administration to block all the roads leading to Minhajul Quran Insti
Published 09 Aug, 2014 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (August 08, 2014).

Published 09 Aug, 2014 12:00am
Violence in Punjab while Islamabad on the edge

Violence in Punjab while Islamabad on the edge

Clashes between activists of Pakistan Awami Tehrik (PAT) and the Punjab Police broke out on Friday evening at Faisal Town crossings when PAT workers removed the containers put up by the administration to block all the roads leading to Minhajul Quran Insti
Published 09 Aug, 2014 12:00am
Import of 0.3 million tons of potato allowed on zero percent ST

Import of 0.3 million tons of potato allowed on zero percent ST

The Federal Board of Revenue (FBR) has allowed import of a total quantity of 300,000 tons of potato at the rate of zero percent sales tax without payment of withholding tax up to November 15, 2014. The FBR here on Friday issued three notifications to allo
Published 09 Aug, 2014 12:00am
Import of 0.3 million tons of potato allowed on zero percent ST

Import of 0.3 million tons of potato allowed on zero percent ST

The Federal Board of Revenue (FBR) has allowed import of a total quantity of 300,000 tons of potato at the rate of zero percent sales tax without payment of withholding tax up to November 15, 2014. The FBR here on Friday issued three notifications to allo
Published 09 Aug, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (August 08, 2014).

Published 09 Aug, 2014 12:00am
Import of 0.3 million tons of potato allowed on zero percent ST

Import of 0.3 million tons of potato allowed on zero percent ST

The Federal Board of Revenue (FBR) has allowed import of a total quantity of 300,000 tons of potato at the rate of zero percent sales tax without payment of withholding tax up to November 15, 2014. The FBR here on Friday issued three notifications to allo
Published 09 Aug, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (August 08, 2014).
Published 09 Aug, 2014 12:00am
Import of 0.3 million tons of potato allowed on zero percent ST

Import of 0.3 million tons of potato allowed on zero percent ST

The Federal Board of Revenue (FBR) has allowed import of a total quantity of 300,000 tons of potato at the rate of zero percent sales tax without payment of withholding tax up to November 15, 2014. The FBR here on Friday issued three notifications to allo
Published 09 Aug, 2014 12:00am
Pakistan, Hong Kong and Indonesia set for Islamic bond issues

Pakistan, Hong Kong and Indonesia set for Islamic bond issues

Hong Kong, Indonesia and Pakistan are banking on pent-up investor demand as they look to raise up to a combined US $3.5bn in the fast-growing Islamic bond market. The three sovereign sukuk issues, including a planned US $1bn debut from Triple A rated Hong
Published 09 Aug, 2014 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (August 08, 2014).

Published 09 Aug, 2014 12:00am
Pakistan, Hong Kong and Indonesia set for Islamic bond issues

Pakistan, Hong Kong and Indonesia set for Islamic bond issues

Hong Kong, Indonesia and Pakistan are banking on pent-up investor demand as they look to raise up to a combined US $3.5bn in the fast-growing Islamic bond market. The three sovereign sukuk issues, including a planned US $1bn debut from Triple A rated Hong
Published 09 Aug, 2014 12:00am
Pakistan, Hong Kong and Indonesia set for Islamic bond issues

Pakistan, Hong Kong and Indonesia set for Islamic bond issues

Hong Kong, Indonesia and Pakistan are banking on pent-up investor demand as they look to raise up to a combined US $3.5bn in the fast-growing Islamic bond market. The three sovereign sukuk issues, including a planned US $1bn debut from Triple A rated Hong
Published 09 Aug, 2014 12:00am
Pakistan, Hong Kong and Indonesia set for Islamic bond issues

Pakistan, Hong Kong and Indonesia set for Islamic bond issues

Hong Kong, Indonesia and Pakistan are banking on pent-up investor demand as they look to raise up to a combined US $3.5bn in the fast-growing Islamic bond market. The three sovereign sukuk issues, including a planned US $1bn debut from Triple A rated Hong
Published 09 Aug, 2014 12:00am
Zarb-e-Azb operation: Army, ISI chiefs to brief political leadership

Zarb-e-Azb operation: Army, ISI chiefs to brief political leadership

Prime Minister Nawaz Sharif has convened a National Security Conference (NSC) to brief the political leadership on the 'Zarb-e-Azb' operation against militants in North Waziristan today (Saturday), arguing that it has nothing to do with prevailing politic
Published 09 Aug, 2014 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (August 08, 2014).

Published 09 Aug, 2014 12:00am
Zarb-e-Azb operation: Army, ISI chiefs to brief political leadership

Zarb-e-Azb operation: Army, ISI chiefs to brief political leadership

Prime Minister Nawaz Sharif has convened a National Security Conference (NSC) to brief the political leadership on the 'Zarb-e-Azb' operation against militants in North Waziristan today (Saturday), arguing that it has nothing to do with prevailing politic
Published 09 Aug, 2014 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (August 08, 2014).

Published 09 Aug, 2014 12:00am
Afghan poll rivals sign deal on unity government

Afghan poll rivals sign deal on unity government

Afghanistan's feuding presidential candidates signed a deal Friday to form a national unity government, opening an apparent way forward in a dispute over the fraud-tainted election that threatens to revive ethnic conflict. Ashraf Ghani and Abdullah Abdull
Published 09 Aug, 2014 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (August 08, 2014).

Published 09 Aug, 2014 12:00am
Afghan poll rivals sign deal on unity government

Afghan poll rivals sign deal on unity government

Afghanistan's feuding presidential candidates signed a deal Friday to form a national unity government, opening an apparent way forward in a dispute over the fraud-tainted election that threatens to revive ethnic conflict. Ashraf Ghani and Abdullah Abdull
Published 09 Aug, 2014 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 09 Aug, 2014 12:00am
Taliban won''t damage Tapi pipeline: Sartaj

Taliban won''t damage Tapi pipeline: Sartaj

Advisor to Prime Minister on National Security and Foreign Affairs Sartaj Aziz on Friday said Pakistan wanted early start and completion of Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline project to meet its energy requirements. Talking to new
Published 09 Aug, 2014 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 09 Aug, 2014 12:00am
Taliban won't damage Tapi pipeline: Sartaj

Taliban won't damage Tapi pipeline: Sartaj

Advisor to Prime Minister on National Security and Foreign Affairs Sartaj Aziz on Friday said Pakistan wanted early start and completion of Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline project to meet its energy requirements. Talking to new
Published 09 Aug, 2014 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 09 Aug, 2014 12:00am
Taliban won't damage Tapi pipeline: Sartaj

Taliban won't damage Tapi pipeline: Sartaj

Advisor to Prime Minister on National Security and Foreign Affairs Sartaj Aziz on Friday said Pakistan wanted early start and completion of Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline project to meet its energy requirements. Talking to new
Published 09 Aug, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 09 Aug, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 09 Aug, 2014 12:00am
BRIDGE NOTES: You will not believe it

BRIDGE NOTES: You will not believe it

Today's illustration from actual play is an extra ordinary hand from all points of view - bidding, play and defense. It shows the fascination of this game of Bridge that has such countless card combinations. Sometimes the distributions are so weird that p
Published 09 Aug, 2014 12:00am
Chasing the K-pop dream

Chasing the K-pop dream

"Time to get up girls!" The call comes at 6:00 am as it does every morning, pulling Ray from her bunk bed at the start of another 16-hour day in search of stardom. Ray and the five other young women sharing a small Seoul apartment make up the K-pop band "
Published 09 Aug, 2014 12:00am
James Cameron's deepsea voyage splashes into theatres

James Cameron's deepsea voyage splashes into theatres

Two years after completing the first one-person voyage to the deepest part of the ocean, Hollywood director James Cameron's 3D underwater plunge is set to splash into theaters last Friday. "Deepsea Challenge" chronicles Cameron's submarine descent into th
Published 09 Aug, 2014 12:00am
Before 'Star Wars' film reboot, a new animated 'Rebels'

Before 'Star Wars' film reboot, a new animated 'Rebels'

"Star Wars" fans breathlessly waiting for the next episode in the legendary saga to hit movie screens late next year are about to meet a new band of ragtag rebels trying to defeat the Empire. The animated "Star Wars: Rebels," which will debut in October o
Published 09 Aug, 2014 12:00am
How to flunk a job interview via Skype

How to flunk a job interview via Skype

There are all kinds of advantages to attending interviews for your next job online. You don't have to leave the house, and you don't have to take time off your current job. A lot of big companies are taking advantage of video chats when they recruit staff
Published 09 Aug, 2014 12:00am
Loom band craze

Loom band craze

For millions of school children they are the must have fashion accessory of the moment. Footballer David Beckham and Britain's Prince William have sported them. Even Pope Francis has been photographed wearing a few. Loom bands - colourful rubber bands wov
Published 09 Aug, 2014 12:00am
Octopus mom

Octopus mom

If someone were to create an award for "mother of the year" in the animal kingdom, a remarkably dedicated eight-limbed mom from the dark and frigid depths of the Pacific Ocean might be a strong contender.
Published 09 Aug, 2014 12:00am
Your washing machine - a home for bacteria

Your washing machine - a home for bacteria

Europe's sophisticated front-loader washing machines are exported worldwide, but what the salesman often doesn't tell you is that they can be magnets for bacteria and mould if wrongly used. After removing laundered clothes from the washing machines, most
Published 09 Aug, 2014 12:00am
Comets: Frozen wanderers

Comets: Frozen wanderers

Comets are bodies of ancient ice and dust that orbit the Sun and are believed to be almost pristine material left over from the Solar System's formation some 4.6 billion years ago. One theory is that they hold complex carbon molecules that helped seed lif
Published 09 Aug, 2014 12:00am
Paull's 'The Bees' looks at life inside the hive

Paull's 'The Bees' looks at life inside the hive

Three years ago playwright Laline Paull began to notice bees in her garden in Sussex, south-east England. Her interest was inspired by the death of a beekeeping friend. "Angie had breast cancer, and she wasn't going to make it. I was awed at her graciousn
Published 09 Aug, 2014 12:00am
Indigenous people - asset of the world

Indigenous people - asset of the world

Each year on 9th August world observes ' The International Day of Indigenous People'. The purpose of the day is to promote and protect the rights of the native people around the world. On this day, events, seminars, conferences, and debates are arranged b
Published 09 Aug, 2014 12:00am
ART FACTS: A role model of resilience, perseverance

ART FACTS: A role model of resilience, perseverance

A significant decade of art development in Pakistan was witnessed in 1960s. Art received a great boost and exposure throughout the country, and Karachi also experience flowering of emerging talented youth - and Shahid Sajjad was one of the talented artist
Published 09 Aug, 2014 12:00am
KARACHI CHRONICLE: Tragedy off Karachi beaches

KARACHI CHRONICLE: Tragedy off Karachi beaches

Everyone is blaming everyone else for over 36 drowning incidents off the Clifton and Hawkesbay beaches during Eid holidays. The title of this column is the comment of a veiled woman who held the seas itself responsible for the deaths of two nephews. It is
Published 09 Aug, 2014 12:00am
Jinnah, Churchill and the Sykes-Picot Agreement

Jinnah, Churchill and the Sykes-Picot Agreement

Policy of the British Colonial Secretary Sir Winston Churchill and the British military and officialdom was to settle natives of India in Iraq at the end of the First World War that began on June 28, 1914 and culminated on November 11, 1918). The Follow-u
Published 09 Aug, 2014 12:00am
Iraqi Kurdistan oil firms pull out staff, shares fall

Iraqi Kurdistan oil firms pull out staff, shares fall

Oil companies in Iraqi Kurdistan withdrew more staff on Friday as the United States launched airstrikes to defend the regional capital Arbil from Islamic State militants and Britain told its citizens to leave. Iraqi Kurdistan-focused shares have fallen as
Published 09 Aug, 2014 12:00am
Iraqi Kurdistan oil firms pull out staff, shares fall

Iraqi Kurdistan oil firms pull out staff, shares fall

Oil companies in Iraqi Kurdistan withdrew more staff on Friday as the United States launched airstrikes to defend the regional capital Arbil from Islamic State militants and Britain told its citizens to leave. Iraqi Kurdistan-focused shares have fallen as
Published 09 Aug, 2014 12:00am
An independent Scotland could face currency limbo: British lawmakers

An independent Scotland could face currency limbo: British lawmakers

Scotland may be left in a currency limbo if it votes for independence because it is uncertain if it could continue using the pound or immediately join the euro, British lawmakers warned on Friday. Uncertainty over what currency would be used after indepen
Published 09 Aug, 2014 12:00am
Canada's job growth stalls; labour participation at 13-year low

Canada's job growth stalls; labour participation at 13-year low

Canada's economy created a net 200 jobs in July, far fewer than analysts had expected, while labour force participation fell to a fresh 13-year low, the country's statistical agency reported on Friday. The data confirmed the general sluggishness that has
Published 09 Aug, 2014 12:00am
Goldman, J.P Morgan in Senate's crosshairs for commodities holdings

Goldman, J.P Morgan in Senate's crosshairs for commodities holdings

US Senator Carl Levin is preparing a last push to bring Wall Street's big commodity traders to heel during his final months in office, wrapping up a nearly two year-long probe that could potentially reveal abuses in energy and metals markets. Levin's inve
Published 09 Aug, 2014 12:00am
US productivity rebounds in second quarter, wage inflation muted

US productivity rebounds in second quarter, wage inflation muted

US nonfarm productivity rebounded more strongly than expected in the second quarter, putting a lid on wage pressures and giving the Federal Reserve room to keep interest rates low for a while. The Labour Department said on Friday productivity increased at
Published 09 Aug, 2014 12:00am
Thailand considers benefits for poor as army seeks to spur economy

Thailand considers benefits for poor as army seeks to spur economy

Thailand is considering paying benefits to low-income earners as the military government seeks to spur an economy battered by months of political turmoil. Southeast Asia's second-largest economy was left on the verge of recession by six months of anti-gov
Published 09 Aug, 2014 12:00am
Etihad, Alitalia, sign shareholder alliance

Etihad, Alitalia, sign shareholder alliance

Emirates airline Etihad Airways and Alitalia signed a deal on Friday for Etihad to become a shareholder in the Italian carrier, helping it to pull away from crisis, AFP reporters witnessed. The shareholder alliance was signed by the head of Etihad Airways
Published 09 Aug, 2014 12:00am
Etihad, Alitalia, sign shareholder alliance

Etihad, Alitalia, sign shareholder alliance

Emirates airline Etihad Airways and Alitalia signed a deal on Friday for Etihad to become a shareholder in the Italian carrier, helping it to pull away from crisis, AFP reporters witnessed. The shareholder alliance was signed by the head of Etihad Airways
Published 09 Aug, 2014 12:00am
BoJ holds fire on stimulus, warns over exports

BoJ holds fire on stimulus, warns over exports

The Bank of Japan on Friday warned over a worsening export and factory output picture but it held fire on launching more stimulus, saying the economy was recovering from a recent sales tax hike. The decision was widely expected so markets focused on BoJ g
Published 09 Aug, 2014 12:00am
Opec sees lower 2014 oil demand growth

Opec sees lower 2014 oil demand growth

Opec trimmed its 2014 global oil demand growth forecast for a second consecutive month and said the group managed to increase output in July despite violence in Iraq and Libya, pointing to more comfortable global supplies. In a monthly report on Friday, t
Published 09 Aug, 2014 12:00am
Britain's trade deficit widens

Britain's trade deficit widens

Britain's deficit in goods trade with the rest of the world grew in June as exports dropped by a greater rate than imports, official data showed on Friday. The deficit rose to £9.4 billion ($15.8 billion, 11.8 billion euros) in June, the Office for Nation
Published 09 Aug, 2014 12:00am
China posts record trade surplus, but domestic economy may lag

China posts record trade surplus, but domestic economy may lag

China's buoyant exports pushed its trade surplus to a record in July, fuelling optimism global demand will help counter pressure on the domestic economy from a weakening property sector. While manufacturing appears to have picked up in the world's second-
Published 09 Aug, 2014 12:00am
Erdogan urges voters to 'explode ballot boxes' in Turkish polls

Erdogan urges voters to 'explode ballot boxes' in Turkish polls

Turkish Prime Minister Recep Tayyip Erdogan on Friday called on voters to "explode the ballot boxes" with a mass show of support for his bid to become Turkey's new president in weekend polls. Holding his penultimate mass rally in the Turkish capital Ankar
Published 09 Aug, 2014 12:00am
At least 18 dead in Peru road accident

At least 18 dead in Peru road accident

An intercity bus veered off a Peruvian highway and flipped over early Friday, killing at least 18 people in the crash, officials said. Another 40 people were injured in the accident, which took place in the central province of Junin.
Published 09 Aug, 2014 12:00am
French champagne producer fined for stealing ancient objects

French champagne producer fined for stealing ancient objects

A 60-year French champagne producer received a six-month suspended sentence and a 200,000 euro ($270,000) fine on Friday for stealing ancient objects from archaeological digs and selling them on. French police stopped the man and his wife for a routine tr
Published 09 Aug, 2014 12:00am
Islamist protester killed in Egypt clashes

Islamist protester killed in Egypt clashes

An Islamist protester was killed during a clash on Friday with Egyptian police who arrested 40 demonstrators, the interior ministry said. The ministry accused the protesters, supporters of deposed Islamist president Mohamed Morsi, of confronting civilian
Published 09 Aug, 2014 12:00am
UN Security Council threatens sanctions on South Sudan leaders

UN Security Council threatens sanctions on South Sudan leaders

Voicing alarm over the crisis in South Sudan, the UN Security Council threatened Friday to slap sanctions on warring factions for failing to live up to a peace deal signed three months ago. The warning came in a unanimous statement agreed to ahead of a So
Published 09 Aug, 2014 12:00am
US warns Russia against using aid as pretext to invade Ukraine

US warns Russia against using aid as pretext to invade Ukraine

The United States warned Russia Friday against using the humanitarian crisis in eastern Ukraine as a pretext for an invasion, saying such a move would be "completely unacceptable." US Ambassador Samantha Power also told the UN Security Council that intern
Published 09 Aug, 2014 12:00am
Fierce Ukraine border battles leave 15 dead as sanctions war heats up

Fierce Ukraine border battles leave 15 dead as sanctions war heats up

Fierce battles on Ukraine's porous eastern border left 15 government troops dead as fears of a possible Russian invasion swirled on Friday despite Nato urging Moscow to withdraw its troops along the frontier. International tensions also rose as Western co
Published 09 Aug, 2014 12:00am
Long-lost Argentine grandson tweets photo with grandma

Long-lost Argentine grandson tweets photo with grandma

An Argentine man who recently learned he was the long-lost grandson of an activist who fights to find babies stolen during the 1976-1983 dictatorship posted a picture of them Friday on Twitter. The picture, the first public image of them together, shows I
Published 09 Aug, 2014 12:00am
French singer Yvette Giraud dies

French singer Yvette Giraud dies

French singer Yvette Giraud, who captured the hearts of an adoring Japanese fan base during a career spanning several decades, has died aged 97, her family announced on Friday. Giraud was even decorated by the Emperor of Japan, where she became known as "
Published 09 Aug, 2014 12:00am
Azerbaijan arrests another rights campaigner

Azerbaijan arrests another rights campaigner

Azerbaijan jailed activist Intigam Aliyev on Friday, the latest in a string of arrests of government critics. Aliyev, a 51-year-old anti-corruption campaigner who heads the group Legal Education Society, was charged with tax evasion, illegal entrepreneurs
Published 09 Aug, 2014 12:00am
Center of Iselle lashes Hawaii's Big Island with wind, rain

Center of Iselle lashes Hawaii's Big Island with wind, rain

The center of Tropical Storm Iselle made landfall on Hawaii's Big Island on Friday, bringing strong winds and heavy rain, knocking down trees and causing power outages ahead of a more powerful storm gathering strength behind it. While Iselle weakened into
Published 09 Aug, 2014 12:00am
Argentina expects 'negative' debt hearing in New York

Argentina expects 'negative' debt hearing in New York

Argentina said Friday it expected another "negative" hearing before the US judge whose rulings in the country's battle with creditors have prompted Buenos Aires to sue Washington at The Hague. US District Judge Thomas Griesa called the afternoon hearing i
Published 09 Aug, 2014 12:00am
Argentina expects 'negative' debt hearing in New York

Argentina expects 'negative' debt hearing in New York

Argentina said Friday it expected another "negative" hearing before the US judge whose rulings in the country's battle with creditors have prompted Buenos Aires to sue Washington at The Hague. US District Judge Thomas Griesa called the afternoon hearing i
Published 09 Aug, 2014 12:00am
Sadr claims jihadists planning Baghdad push

Sadr claims jihadists planning Baghdad push

One of Iraq's most influential Shia clerics, Moqtada Sadr, claimed Friday that jihadists were poised to attack Baghdad and he vowed to send his men to defend the capital. "There are terrorist groups that have completed their preparations for a breakthroug
Published 09 Aug, 2014 12:00am
Swedish politician claims to be Mitterrand's secret son

Swedish politician claims to be Mitterrand's secret son

A young Swedish politician who is standing in next month's election is claiming to be the illegitimate son of France's longest serving president Francois Mitterrand. Hravn Forsne, 25, told reporters Friday he was the lovechild of Mitterrand and Swedish jo
Published 09 Aug, 2014 12:00am
Berlin urges Italy to include German on EU website

Berlin urges Italy to include German on EU website

Germany is pressing current EU president Italy to translate its official website into German, noting it is the most common mother tongue in the bloc, a diplomatic source said on Friday. German Foreign Minister Frank-Walter Steinmeier sent his Italian coun
Published 09 Aug, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Friday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 2.481 billion as compared to PKR 2.171 billion registered on Thursday, up by 14.28 percent. Number of lots traded was 11,137 and PMEX Commodity Index closed at 3,009. Major
Published 09 Aug, 2014 12:00am
Kenya's tea exports rise

Kenya's tea exports rise

Kenya's tea exports rose slightly in the first six months of the year, while average prices at the auction dipped and output was steady, the Tea Board of Kenya said on Wednesday. The east African country exported 250 million kg in January to June, from 24
Published 09 Aug, 2014 12:00am
EU clears 532,000 tonnes of wheat for exports

EU clears 532,000 tonnes of wheat for exports

The European Union this week granted export licences for 532,000 tonnes of soft wheat, taking the total since the beginning of the 2014/2015 season on July 1 to 1.8 million tonnes, official data showed on Thursday. The EU also granted this week licences t
Published 09 Aug, 2014 12:00am
US wheat futures fall from 5-1/2-week high

US wheat futures fall from 5-1/2-week high

US wheat futures fell from a 5-1/2-week high on Thursday on a round of profit-taking following a six-session rally that had pushed prices up 9.2 percent, traders said.
Published 09 Aug, 2014 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures eased on Thursday in thin trading, weakened by lower soybean oil. Volumes have been light in recent sessions, with a lack of clear direction for the canola market, a trader said. Dryness concerns persist in Alberta, but some an
Published 09 Aug, 2014 12:00am
US FOB Gulf soya basis offers firmer

US FOB Gulf soya basis offers firmer

US FOB Gulf soyabean basis offers were steady to firmer late Thursday as steady interest by China buyers in new-crop and tight capacity at the Gulf remain supportive factors, traders said. FOB corn and wheat values were unchanged Thursday afternoon with t
Published 09 Aug, 2014 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 73,160 tonnes of cargo comprising 57,539 tonnes of import cargo and 15,621 tonnes of export cargo including 4,550 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 57,53
Published 09 Aug, 2014 12:00am
Cotton market gains momentum on lower rates

Cotton market gains momentum on lower rates

Trading activity improved further on the cotton market on Friday mainly because of continued downward trend in prices, dealers said. The official spot rate continued to fall, losing to Rs 100 to Rs 5250, they added. In ready session, around 15000 bales of
Published 09 Aug, 2014 12:00am