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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-05-31
Vietnamese rice prices at 5-year low, Thai rice steady

Vietnamese rice prices at 5-year low, Thai rice steady

Vietnamese rice fell to multi-year lows this week as fresh supply came into the market, while Thai prices were steady, with an upcoming Philippine tender to purchase the grain having little impact for now, traders said on Wednesday. The Philippines has in
Published 31 May, 2015 12:00am
Two children die from being forced to consume acid

Two children die from being forced to consume acid

Two children died when their pitiless mother forced them to consume acid over domestic disputes here on Saturday. Police said that a woman hailing from Dhaley of Gujranwala who was in domestic disputes with in-laws after exchange of hot words forced her c
Published 31 May, 2015 12:00am
Mirpur-Kotli road Progress on rehabilitation work reviewed

Mirpur-Kotli road Progress on rehabilitation work reviewed

A meeting to overview the progress of rehabilitation work of the Mirpur-Kotli Road near the Khaliqabad Chowk was held at the WAPDA House, with Chairmanship of the Additional Secretary, the Ministry of Water and Power at PWD Rest House Mirpur chairing it.
Published 31 May, 2015 12:00am
Soybean oil's import nosedives 96 percent in April

Soybean oil's import nosedives 96 percent in April

The country's import of soybean oil nosedived to $855,000 in April 2015, down by 96 percent, the government figures have said. The fall stands huge by $20.583 million in April 2015 from $21.438 million in April 2014, Pakistan Bureau of Statistics showed.
Published 31 May, 2015 12:00am
'Implementation of GIDC bill to enhance unemployment'

'Implementation of GIDC bill to enhance unemployment'

Industrialists have said that implementation of Gas Development Infrastructure Cess (GIDC ) Bill 2015 will raise gas prices by 35 percent, which will create serious problems for many industrial units, enhance unemployment and make Pakistani products uncom
Published 31 May, 2015 12:00am
OICCI seeks consensus of revenue boards on jurisdictions

OICCI seeks consensus of revenue boards on jurisdictions

Overseas Investors Chamber of Commerce and Industry (OICCI) has suggested that all the revenue boards should agree on jurisdictions and common rules so that issues of 'origin ' and 'consumption' on services and claim of input taxes should be clarified in
Published 31 May, 2015 12:00am
FC arrests three terrorists in Dera Bugti

FC arrests three terrorists in Dera Bugti

Frontier Constabulary (FC) arrested three terrorist besides recovery of arms from their possession here on Saturday. FC sources said that on a tipoff operation was conducted against the militants in Gawait area of Dera Bugti. During operation three terror
Published 31 May, 2015 12:00am
FPCCI, Unido hold seminar on 'cleantech competition'

FPCCI, Unido hold seminar on 'cleantech competition'

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the United Nations Industrial Development Organisation (Unido) set up a seminar on 'cleantech Competition' to create better awareness in small-medium enterprises and start-up busines
Published 31 May, 2015 12:00am
Naegleria virus: Death toll climbs to six in Sindh

Naegleria virus: Death toll climbs to six in Sindh

Naegleria virus has claimed another life, raising the death toll to six in Sindh province on Saturday. Muallam, 22, resident of district Orangi was diagnosed with brain-eating amoeba Naegleria and was under treatment in civil hospital in Karachi where he
Published 31 May, 2015 12:00am
Zardari condemns killings of PPP workers

Zardari condemns killings of PPP workers

Former President and Co-Chairman of Pakistan Peoples Party has condemned the ruthless murders of two PPP workers in Malir, Karachi and asked the Government of Sindh and concerned authorities to take immediate steps to arrest the killers. It may be recalle
Published 31 May, 2015 12:00am
Mastung carnage: APC to be held over law and order: Dr Malik

Mastung carnage: APC to be held over law and order: Dr Malik

Balochistan Chief Minister Dr Abdul Malik Baloch Saturday said that an All-Parties Conference (APC) will be held in the aftermath of the Mastung killings. The death toll from the Mastung tragedy rose to 22 on Saturday as another body of an abducted passen
Published 31 May, 2015 12:00am
Metro Bus Service to be inaugurated on June 6

Metro Bus Service to be inaugurated on June 6

The new date of June 6, 2015 has been set by the government for inauguration of Rawalpindi-Islamabad Metro Bus Service (MBS) after May 29, 2015 inauguration date was postponed. The development work on the MBS project has been nearly completed whereas the
Published 31 May, 2015 12:00am
HRCP condemns Mastung killings

HRCP condemns Mastung killings

The Human Rights Commission of Pakistan (HRCP) has strongly condemned the murder of at least 21 passengers of two Karachi-bound buses in Mastung district on Friday and demanded that the killers should be brought to justice and road travel is made secure f
Published 31 May, 2015 12:00am
ST on coal: FBR may raise min value to Rs 2,500 per ton

ST on coal: FBR may raise min value to Rs 2,500 per ton

The Federal Board of Revenue (FBR) is mulling increasing the minimum value of coal for levying and collecting sales tax in coming budget (2015-16). Sources told Business Recorder here on Saturday that upward revision in the minimum value of coal ha
Published 31 May, 2015 12:00am
Over Rs 21 billion proposed under PSDP for AJK, G-B

Over Rs 21 billion proposed under PSDP for AJK, G-B

The federal government under its next financial year Public Sector Development Programme (PSDP) has proposed an amount of Rs 21.28 billion for 14 on-going and two new development schemes for Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan. According to
Published 31 May, 2015 12:00am
Flyover to be built at Hayatabad Phase-III Chowk

Flyover to be built at Hayatabad Phase-III Chowk

The provincial government of Khyber Pakhtunkhwa has decided the construction of modern flyover at Hayatabad Phase-III Chowk on Jamrud Road. The construction of the flyover will be carried out by National Logistic Cell (NLC). In this connection, Peshawar D
Published 31 May, 2015 12:00am
Protestors ask government to enforce tobacco control measures

Protestors ask government to enforce tobacco control measures

Protesting at the Federal Health Ministry's decision to grant extension in deadline to tobacco industry for raising the size of pictorial health warning on cigarette packs to 85 percent, civil society has called upon the government to go for plain packagi
Published 31 May, 2015 12:00am
NEC meeting tomorrow

NEC meeting tomorrow

Meeting of the National Economic Council (NECP) will be held here on Monday under the chairmanship of Prime Minister Nawaz Sharif to give approval of the Public Sector Development Programme (PSDP) for the next financial year, allocation of developments to
Published 31 May, 2015 12:00am
New treatments may prolong health after breast cancer

New treatments may prolong health after breast cancer

Promising advances in research could mean longer, healthier lives for women with breast cancer, the number one cancer in women worldwide, experts said Saturday at a major US cancer conference. A new targeted therapy that appears to double the amount of ti
Published 31 May, 2015 12:00am
New blow to Nkurunziza as Burundi election official flees

New blow to Nkurunziza as Burundi election official flees

Burundian President Pierre Nkurunziza's controversial bid to stand for a third term in office suffered a new blow on Saturday after it emerged that a top election official had fled the country. Sources said the election commission's vice president, Spes C
Published 31 May, 2015 12:00am
Asia FX sentiment worsens on Fed policy bets, yuan an exception
Currency

Asia FX sentiment worsens on Fed policy bets, yuan an exception

Sentiment towards most emerging Asian currencies worsened in the last two weeks with short positions in India's rupee near a two-year high as expectations firmed that US interest rates will move higher by year end, a Reuters poll showed on Thursday. The C
Published 31 May, 2015 12:00am
Vietnam devalues dong
Currency

Vietnam devalues dong

Vietnam devalued the dong for the second time this year on Thursday to spur exports and curb demand for imports that has left it with a hefty trade deficit. Given the recent relative strength of the currency, the move was widely expected, especially after
Published 31 May, 2015 12:00am
Citi keeps top spot in FX trading

Citi keeps top spot in FX trading

European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as US banks led by Citigroup grabbed business, according to widely watched industry rankings. Citigroup kept its top spot as th
Published 31 May, 2015 12:00am
South Africa's rand under pressure

South Africa's rand under pressure

South Africa's rand weakened for the second straight day against the dollar on Friday, hitting a session trough after data from the revenue service showed a trade deficit for April, the latest sign of a struggling economy. The local unit was within easy r
Published 31 May, 2015 12:00am
US dollar net longs rise in latest week
Currency

US dollar net longs rise in latest week

Speculators boosted bullish bets on the US dollar after scaling them back for eight consecutive weeks, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position
Published 31 May, 2015 12:00am
Daily FX volumes fall back to $4.64 trillion in April

Daily FX volumes fall back to $4.64 trillion in April

Average daily volumes in the global foreign exchange market fell back below $5 trillion a day in April, data from FX settlement bank CLS showed on Thursday. The value of all transactions through the CLS system, which is used almost universally by the bank
Published 31 May, 2015 12:00am
Norway to sell NOK 700 million of FX per day in June
Currency

Norway to sell NOK 700 million of FX per day in June

Norway's central bank will sell foreign exchange equivalent of 700 million Norwegian crowns ($90.20 million) per day in June, unchanged from its practice in May, the bank said on its page on Friday. The bank is selling the currency because the government'
Published 31 May, 2015 12:00am
Dollar ends winning month mixed

Dollar ends winning month mixed

The dollar was mixed on Friday with month-end selling after a recent rally, as traders saw little in weak first-quarter US gross domestic product data to discourage bets the Federal Reserve will start raising interest rates in 2015. The dollar index trade
Published 31 May, 2015 12:00am
Oil surge helps Canadian dollar counter GDP contraction
Currency

Oil surge helps Canadian dollar counter GDP contraction

A surge in the price of crude oil helped keep the Canadian dollar steady on Friday, shrugging off data showing the Canadian economy contracted in the first quarter. While bond markets rose after the gross domestic product data on bets that there is more o
Published 31 May, 2015 12:00am
Swiss franc expected to steady or weaken
Currency

Swiss franc expected to steady or weaken

The Swiss franc is set to remain at its current level or weaken further, a survey of analysts by Credit Suisse and the German ZEW economic research institute showed on Wednesday. Switzerland's currency has rocketed in value this year after the Swiss Natio
Published 31 May, 2015 12:00am
Russia to announce criteria for forex reserve sufficiency
Currency

Russia to announce criteria for forex reserve sufficiency

Russia's central bank will soon announce new criteria that will be used to determine whether it regards its international reserves as sufficient, a senior bank official said on Tuesday. "We have sufficient reserves... At the moment we are working on more
Published 31 May, 2015 12:00am
Euro woes won't hurt its global reserve currency status: Nomura
Currency

Euro woes won't hurt its global reserve currency status: Nomura

Question marks over the euro's prospects as a sought-after global reserve currency are premature even though its presence in central bank's reserves is likely to drop to historical lows, Nomura said on Tuesday. A year-long slide in the euro and a recent m
Published 31 May, 2015 12:00am
Wall Street ends down after weak economic data but gains in May

Wall Street ends down after weak economic data but gains in May

US stocks closed lower on Friday as data showed the economy contracted in the first quarter but indexes still posted gains for the month. Transportation shares also weighed on the market, extending recent losses. The Dow Jones transportation average fell
Published 31 May, 2015 12:00am
FTSE Russell unveils transitional indexes that include China A shares

FTSE Russell unveils transitional indexes that include China A shares

FTSE Russell, one of the world's largest index providers, will launch two transitional indexes that include China A shares - a step that paves the way for Chinese-listed shares to later be included in its emerging markets benchmark, the company's CEO said
Published 31 May, 2015 12:00am
Rocket Internet eyes IPOs

Rocket Internet eyes IPOs

German e-commerce investor Rocket Internet aims to list the shares in two of its holdings, Global Fashion Group and Global Online Takeaway Group, eight months after its own initial public share offer, monthly Manager Magazin said. Shares in the two firms
Published 31 May, 2015 12:00am
Rocket Internet eyes IPOs

Rocket Internet eyes IPOs

German e-commerce investor Rocket Internet aims to list the shares in two of its holdings, Global Fashion Group and Global Online Takeaway Group, eight months after its own initial public share offer, monthly Manager Magazin said. Shares in the two firms
Published 31 May, 2015 12:00am
Russell index adjustments could produce $40 billion trade flurry

Russell index adjustments could produce $40 billion trade flurry

Investors trying to capitalize on the annual tweaks to the makeup of Russell stock indexes may produce a rush of transactions worth over $40 billion in the final moments of trading on Friday, June 26, when those changes are formalized. The Wall Street sum
Published 31 May, 2015 12:00am
Treasuries outlook: Yields hit multi-week lows

Treasuries outlook: Yields hit multi-week lows

US Treasury yields fell on Friday, with benchmark and long-dated US yields hitting their lowest in more than three weeks, as data showing the US economy contracted in the first quarter supported views of a later Federal Reserve interest-rate hike. The gov
Published 31 May, 2015 12:00am
Treasuries outlook: Yields hit multi-week lows

Treasuries outlook: Yields hit multi-week lows

US Treasury yields fell on Friday, with benchmark and long-dated US yields hitting their lowest in more than three weeks, as data showing the US economy contracted in the first quarter supported views of a later Federal Reserve interest-rate hike. The gov
Published 31 May, 2015 12:00am
Pessimism reigns as economic gloom weighs on TSX

Pessimism reigns as economic gloom weighs on TSX

Canada's main stock index fell on Friday, with heavyweight banks tipping the scales to the downside amid broad pessimism about domestic economic growth and the uncertain outlook for industries tied to energy. The Toronto Stock Exchange's S&P/TSX composite
Published 31 May, 2015 12:00am
German yields at three-week low on Greek aid standoff

German yields at three-week low on Greek aid standoff

German bond yields fell to their lowest in three weeks on Friday, amid mixed signals from Greece's aid talks and US data showing the world's biggest economy shrank in the first quarter. Athens intends to reach an agreement on a cash-for-reforms deal by Su
Published 31 May, 2015 12:00am
German yields at three-week low on Greek aid standoff

German yields at three-week low on Greek aid standoff

German bond yields fell to their lowest in three weeks on Friday, amid mixed signals from Greece's aid talks and US data showing the world's biggest economy shrank in the first quarter. Athens intends to reach an agreement on a cash-for-reforms deal by Su
Published 31 May, 2015 12:00am
Saudi Ground Services to raise $752 million from IPO

Saudi Ground Services to raise $752 million from IPO

Saudi Ground Services Co, a unit of national carrier Saudi Arabian Airlines, has set the price for its 30 percent initial share sale at 50 riyals per share, a statement from the company's financial adviser said on Thursday. The price, set following a book
Published 31 May, 2015 12:00am
Saudi Ground Services to raise $752 million from IPO

Saudi Ground Services to raise $752 million from IPO

Saudi Ground Services Co, a unit of national carrier Saudi Arabian Airlines, has set the price for its 30 percent initial share sale at 50 riyals per share, a statement from the company's financial adviser said on Thursday. The price, set following a book
Published 31 May, 2015 12:00am
Mobile apps turn bedroom traders into star professionals

Mobile apps turn bedroom traders into star professionals

When Noa Strijbos picks a financial asset to trade on her smartphone while taking her dog for a walk, almost 26,000 people pay close attention. The 30-year-old Dutchwoman is among the top-ranked traders on eToro.com, one of several mobile apps and website
Published 31 May, 2015 12:00am
Romania's Fondul eyes London listing

Romania's Fondul eyes London listing

Romanian investment fund Fondul Proprietatea hopes foreign investors will hold at least 15 percent of the fund through its secondary listing in London, its manager Greg Konieczny said on Wednesday. Set up in 2005 to compensate Romanians whose properties w
Published 31 May, 2015 12:00am
Romania's Fondul eyes London listing

Romania's Fondul eyes London listing

Romanian investment fund Fondul Proprietatea hopes foreign investors will hold at least 15 percent of the fund through its secondary listing in London, its manager Greg Konieczny said on Wednesday. Set up in 2005 to compensate Romanians whose properties w
Published 31 May, 2015 12:00am
Latin America development bank CAF eyes presence in Cuba

Latin America development bank CAF eyes presence in Cuba

The Development Bank of Latin America (CAF) aims to be the first multilateral lender present in Cuba, its executive president said on Thursday, as the communist-run island seeks foreign investment amid a diplomatic opening to the United States. Buzz aroun
Published 31 May, 2015 12:00am
Cyprus tourism income rises 15 percent with surge in arrivals

Cyprus tourism income rises 15 percent with surge in arrivals

Recession-hit Cyprus recorded a 15 percent hike in key tourism revenue in March, the first rise in income this year, official data showed on Friday. Tourism income on the Mediterranean holiday island reached 65 million euros ($71 million) from 56.5 millio
Published 31 May, 2015 12:00am
Nigeria's Akinwumi Adesina voted new Africa bank chief

Nigeria's Akinwumi Adesina voted new Africa bank chief

Nigeria's outgoing agriculture minister Akinwumi Adesina won the vote Thursday to become the new president of the African Development Bank, official results showed. Adesina, 55, will succeed Rwandan Donald Kaberuka, chief for two consecutive terms since 2
Published 31 May, 2015 12:00am
AirAsia profit up in first quarter

AirAsia profit up in first quarter

Malaysia-based AirAsia, the region's biggest low-cost carrier by fleet size, said its first-quarter net profit climbed seven percent year-on-year due mainly to lower fuel and operating costs. Net profit for the quarter ending March 31 was 149.3 million ($
Published 31 May, 2015 12:00am
AirAsia profit up in first quarter

AirAsia profit up in first quarter

Malaysia-based AirAsia, the region's biggest low-cost carrier by fleet size, said its first-quarter net profit climbed seven percent year-on-year due mainly to lower fuel and operating costs. Net profit for the quarter ending March 31 was 149.3 million ($
Published 31 May, 2015 12:00am
New York's Bienville Capital sees bargains in Argentina
Currency

New York's Bienville Capital sees bargains in Argentina

Argentina's real estate, utility and agricultural sectors all offer a smart bet ahead of a change in government in December, said New York-based Bienville Capital Management, whose new Argentina-focused fund has raised about $250 million. Foreign investor
Published 31 May, 2015 12:00am
New York's Bienville Capital sees bargains in Argentina
Currency

New York's Bienville Capital sees bargains in Argentina

Argentina's real estate, utility and agricultural sectors all offer a smart bet ahead of a change in government in December, said New York-based Bienville Capital Management, whose new Argentina-focused fund has raised about $250 million. Foreign investor
Published 31 May, 2015 12:00am
Colombia unveils new stimulus plan to help counter slowing growth

Colombia unveils new stimulus plan to help counter slowing growth

Colombian President Juan Manuel Santos unveiled a package of measures on Thursday aimed at stoking the Andean nation's economy as weaker oil prices and slower investment forced the government to revise down its growth outlook. The so-called PIPE 2.0 progr
Published 31 May, 2015 12:00am
European wheat futures hit two-week low

European wheat futures hit two-week low

European wheat futures fell to a two-week low on Friday as weak US prices, favourable crop prospects and short-term export competition outweighed risks raised by a new Russian wheat tariff. December milling wheat, the new crop benchmark and most active co
Published 31 May, 2015 12:00am
Indonesia's coffee output forecast cut on El Nino worries

Indonesia's coffee output forecast cut on El Nino worries

Indonesia's coffee output will fall short of a previous estimate by around 50,000 tonnes this year due to an El Nino weather pattern that is likely to cause dry spells across key growing areas, an industry group said on Friday. The Association of Indonesi
Published 31 May, 2015 12:00am
Budget (2015-16): Concept of temporary ST registration to be introduced

Budget (2015-16): Concept of temporary ST registration to be introduced

The Federal Board of Revenue (FBR) has decided to introduce the concept of temporary sales tax registration in budget (2015-16) to facilitate the business community, seeking new sales tax registration numbers (STRNs). Sources told Business Recorder </i
Published 31 May, 2015 12:00am
Budget (2015-16): Concept of temporary ST registration to be introduced

Budget (2015-16): Concept of temporary ST registration to be introduced

The Federal Board of Revenue (FBR) has decided to introduce the concept of temporary sales tax registration in budget (2015-16) to facilitate the business community, seeking new sales tax registration numbers (STRNs). Sources told Business Recorder </i
Published 31 May, 2015 12:00am
Budget (2015-16): Concept of temporary ST registration to be introduced

Budget (2015-16): Concept of temporary ST registration to be introduced

The Federal Board of Revenue (FBR) has decided to introduce the concept of temporary sales tax registration in budget (2015-16) to facilitate the business community, seeking new sales tax registration numbers (STRNs). Sources told Business Recorder </i
Published 31 May, 2015 12:00am
Auto Policy: Import of used cars to be made transparent: Dastgir

Auto Policy: Import of used cars to be made transparent: Dastgir

Commerce Minister Engineer Khurram Dastgir has said that the import of used cars will be made transparent in the Auto Policy. "A final draft of new Auto Policy has been shared with Commerce Ministry but our view is very clear that the entire regime of gif
Published 31 May, 2015 12:00am
Auto Policy: Import of used cars to be made transparent: Dastgir

Auto Policy: Import of used cars to be made transparent: Dastgir

Commerce Minister Engineer Khurram Dastgir has said that the import of used cars will be made transparent in the Auto Policy. "A final draft of new Auto Policy has been shared with Commerce Ministry but our view is very clear that the entire regime of gif
Published 31 May, 2015 12:00am
Auto Policy: Import of used cars to be made transparent: Dastgir

Auto Policy: Import of used cars to be made transparent: Dastgir

Commerce Minister Engineer Khurram Dastgir has said that the import of used cars will be made transparent in the Auto Policy. "A final draft of new Auto Policy has been shared with Commerce Ministry but our view is very clear that the entire regime of gif
Published 31 May, 2015 12:00am
SBP rules out rupee devaluation
Currency

SBP rules out rupee devaluation

State Bank of Pakistan (SBP) Saturday said that the federal government has no plan to devalue Pak rupee against the dollar. During a meeting with the representatives of Exchange Companies Association of Pakistan (ECAP), State Bank Governor Ashraf Mehmood
Published 31 May, 2015 12:00am
SBP rules out rupee devaluation
Currency

SBP rules out rupee devaluation

State Bank of Pakistan (SBP) Saturday said that the federal government has no plan to devalue Pak rupee against the dollar. During a meeting with the representatives of Exchange Companies Association of Pakistan (ECAP), State Bank Governor Ashraf Mehmood
Published 31 May, 2015 12:00am
SBP rules out rupee devaluation
Currency

SBP rules out rupee devaluation

State Bank of Pakistan (SBP) Saturday said that the federal government has no plan to devalue Pak rupee against the dollar. During a meeting with the representatives of Exchange Companies Association of Pakistan (ECAP), State Bank Governor Ashraf Mehmood
Published 31 May, 2015 12:00am
Urea import: Dar asks EAD to specify credit line for financing

Urea import: Dar asks EAD to specify credit line for financing

Finance Minister Ishaq Dar has directed the Economic Affairs Division (EAD) to identify a credit line on best possible terms to finance the import of 0.15 million tons urea, official sources told Business Recorder. Giving the details, sources said,
Published 31 May, 2015 12:00am
Urea import: Dar asks EAD to specify credit line for financing

Urea import: Dar asks EAD to specify credit line for financing

Finance Minister Ishaq Dar has directed the Economic Affairs Division (EAD) to identify a credit line on best possible terms to finance the import of 0.15 million tons urea, official sources told Business Recorder. Giving the details, sources said,
Published 31 May, 2015 12:00am
Urea import: Dar asks EAD to specify credit line for financing

Urea import: Dar asks EAD to specify credit line for financing

Finance Minister Ishaq Dar has directed the Economic Affairs Division (EAD) to identify a credit line on best possible terms to finance the import of 0.15 million tons urea, official sources told Business Recorder. Giving the details, sources said,
Published 31 May, 2015 12:00am
Khattak blames ECP for mismanagement

Khattak blames ECP for mismanagement

Khyber Pakhtunkhwa Chief Minister Pervaz Khattak on Saturday blamed the Election Commission of Pakistan (ECP) for the mismanagement witnessed across the province during the daylong polling. "We put the whole administration at the disposal of the ECP. Our
Published 31 May, 2015 12:00am
Khattak blames ECP for mismanagement

Khattak blames ECP for mismanagement

Khyber Pakhtunkhwa Chief Minister Pervaz Khattak on Saturday blamed the Election Commission of Pakistan (ECP) for the mismanagement witnessed across the province during the daylong polling. "We put the whole administration at the disposal of the ECP. Our
Published 31 May, 2015 12:00am
Six killed, dozens injured: violence mars polls in KP

Six killed, dozens injured: violence mars polls in KP

Six persons were killed and dozens including a police constable injured, during local bodies' elections in different parts of the Khyber Pakhtunkhwa on Saturday. Three persons were killed in Charsadda, two in D.I. Khan and one in Kohat while more than 30
Published 31 May, 2015 12:00am
Six killed, dozens injured: violence mars polls in KP

Six killed, dozens injured: violence mars polls in KP

Six persons were killed and dozens including a police constable injured, during local bodies' elections in different parts of the Khyber Pakhtunkhwa on Saturday. Three persons were killed in Charsadda, two in D.I. Khan and one in Kohat while more than 30
Published 31 May, 2015 12:00am
Mastung killings aimed at creating ethnic tensions

Mastung killings aimed at creating ethnic tensions

The Mastung massacre, widely regarded as the action of anti-Pakistan forces focused on sabotaging China-Pakistan Economic Corridor (CPEC), has brought rival Pashtoon and Baloch nationalists together to fight against the common enemy - militancy and insurg
Published 31 May, 2015 12:00am
Mastung killings aimed at creating ethnic tensions

Mastung killings aimed at creating ethnic tensions

The Mastung massacre, widely regarded as the action of anti-Pakistan forces focused on sabotaging China-Pakistan Economic Corridor (CPEC), has brought rival Pashtoon and Baloch nationalists together to fight against the common enemy - militancy and insurg
Published 31 May, 2015 12:00am
Strike observed, protest demonstration staged

Strike observed, protest demonstration staged

An uneasy calm prevailed in the metropolis here Saturday as a shutter-down strike against the Mastung massacre was observed by people. The bodies were brought to M A Jinnah Road to be taken to the Governor's House by the heirs of the deceased to stage a p
Published 31 May, 2015 12:00am
Strike observed, protest demonstration staged

Strike observed, protest demonstration staged

An uneasy calm prevailed in the metropolis here Saturday as a shutter-down strike against the Mastung massacre was observed by people. The bodies were brought to M A Jinnah Road to be taken to the Governor's House by the heirs of the deceased to stage a p
Published 31 May, 2015 12:00am
Major operation launched: RAW behind Mastung killings: minister

Major operation launched: RAW behind Mastung killings: minister

Balochistan Home Minister Mir Sarfraz Bugti Saturday said that India's Research and Analysis Wing (RAW) and its funded Lashkars (militias) were behind the Mastung killings. He was addressing a joint press conference along with Chief Minister Dr Abdul Mal
Published 31 May, 2015 12:00am
Major operation launched: RAW behind Mastung killings: minister

Major operation launched: RAW behind Mastung killings: minister

Balochistan Home Minister Mir Sarfraz Bugti Saturday said that India's Research and Analysis Wing (RAW) and its funded Lashkars (militias) were behind the Mastung killings. He was addressing a joint press conference along with Chief Minister Dr Abdul Mal
Published 31 May, 2015 12:00am
Prime Minister, CoAS, ISI chief discuss security situation

Prime Minister, CoAS, ISI chief discuss security situation

Prime Minister Nawaz Sharif on Saturday said that terrorism and extremism constitute the biggest challenge to a secure and prosperous Pakistan. The Prime Minister also expressed his serious concerns about recent statements by Indian Political leadership.
Published 31 May, 2015 12:00am
Prime Minister, CoAS, ISI chief discuss security situation

Prime Minister, CoAS, ISI chief discuss security situation

Prime Minister Nawaz Sharif on Saturday said that terrorism and extremism constitute the biggest challenge to a secure and prosperous Pakistan. The Prime Minister also expressed his serious concerns about recent statements by Indian Political leadership.
Published 31 May, 2015 12:00am
The Weather

The Weather

The weather report on Saturday (May 30, 2015) and the forecast for Sunday (May 31, 2015).

Published 31 May, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 30, 2015).

Published 31 May, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 30, 2015).

Published 31 May, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 30, 2015).

Published 31 May, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The July vaida was up on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The July vaida closed at Rs 1849.00 on Thursday and it opened 50 paisa gain at Rs 1849.50, they said. The December vaida ended at Rs 1400.0
Published 31 May, 2015 12:00am
Asian naphtha crack recovers

Asian naphtha crack recovers

Asia's naphtha crack recovered to a nine-session high of $91.63 a tonne on Friday, supported by strong gasoline demand, traders said. They added that a fire at top Japanese refiner JX Nippon Oil & Energy Corp's Kashima refinery could have also lifted sent
Published 31 May, 2015 12:00am
Indian soyaoil futures rise

Indian soyaoil futures rise

Indian soyaoil futures rose on Friday, taking cue from rival palm oil, while soyabeans saw buying support on reports of a likely delay in the monsoon's progress towards the oilseed-growing regions. Malaysian palm oil futures edged up to their highest in m
Published 31 May, 2015 12:00am
Upward trend on grain market
Cotton

Upward trend on grain market

Most of the commodities maintained an upward trend on the wholesale grain market on Saturday in the process of modest trading, dealers said. On the cereals side, Moong Punjab gained Rs 875 to Rs 10125, Moong Afghan was up by Rs 25 to Rs 12000, wheat new B
Published 31 May, 2015 12:00am
Asian coffee: Vietnam premiums surge but trade standstill

Asian coffee: Vietnam premiums surge but trade standstill

Trade in Vietnamese coffee came to a standstill on Thursday as prices slightly recovered from multi-month lows hit earlier this week but were still far below sellers' expectations, traders said. In Indonesia, the harvest has been slower than in 2014, sugg
Published 31 May, 2015 12:00am
US natural gas futures fall over two percent on weaker demand

US natural gas futures fall over two percent on weaker demand

US natural gas futures on Friday fell over 2 percent on forecasts for weaker power demand over the next two weeks. Front-month gas futures on the New York Mercantile Exchange closed down 6.4 cents at $2.642 per million British thermal units. With the decl
Published 31 May, 2015 12:00am
EU spring barley crop down on year but good average

EU spring barley crop down on year but good average

The European Union is likely to have a good crop of spring barley in 2015 for beer and malt production, but down on last year's bumper harvest, crop experts said on Friday. "Overall crops are looking well, although there is dryness in parts of Spain and n
Published 31 May, 2015 12:00am
US FOB Gulf wheat premiums ease on weak CIF

US FOB Gulf wheat premiums ease on weak CIF

US Gulf Coast wheat export premiums eased on Friday as CIF barge basis values dropped and as US grain struggled to compete in global markets, traders said. A drier forecast for southern winter wheat areas reduced some concerns about crop damage from recen
Published 31 May, 2015 12:00am
Palm oil prices rise on Europe's vegoils market
Vegetable Oil

Palm oil prices rise on Europe's vegoils market

Palm oil prices rose on Europe's vegetable oils market on Thursday after a two-week high for Malaysian futures, but sellers later trimmed their offers to stir some demand. Malaysian palm oil futures rallied on the back of a falling ringgit and signs that
Published 31 May, 2015 12:00am
Brazil likely to expand soya area despite low prices
Currency

Brazil likely to expand soya area despite low prices

Farmers will likely expand the area planted with soyabeans in Brazil for a ninth consecutive year, local analysts and farm groups said, even with prices of the country's main export crop down by a quarter from a year ago. Earlier this year, some analysts
Published 31 May, 2015 12:00am
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