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Mar 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-07-03
Wall Street ends higher

Wall Street ends higher

US stocks closed higher on Wednesday but were down from earlier highs as energy stocks declined and Greece's debt crisis showed no clear signs of resolution. The benchmark S&P 500's energy sector was dragged down by the biggest slide in oil prices since A
Published 03 Jul, 2015 12:00am
'Punjab committed to developing metallic, industrial mineral resources'

'Punjab committed to developing metallic, industrial mineral resources'

Provincial Minister for Mines and Minerals Ch Sher Ali Khan has said that Punjab government, under the visionary leadership of Chief Minister Shahbaz Sharif is fully committed to develop its metallic and industrial mineral resources as Punjab is blessed w
Published 03 Jul, 2015 12:00am
Rice mills directed to submit details of available stock

Rice mills directed to submit details of available stock

The Punjab government has directed all the rice mills in the province to submit details of their available stocks in next five days to the government enabling it for chalking out a strategy to resolve the problems being faced by the growers at present or
Published 03 Jul, 2015 12:00am
Food prices being monitored strictly, LHC told

Food prices being monitored strictly, LHC told

The Secretary for Punjab Industries has told the Lahore High Court in his defence that his department is strictly monitoring the food prices in Ramazan bazaars and markets. The court told the petitioner's counsel on Thursday to check a report and let it k
Published 03 Jul, 2015 12:00am
Punjab demands payment of Rs 21 billion as net hydel profit

Punjab demands payment of Rs 21 billion as net hydel profit

Punjab has requested the Federal government to pay Rs 21 billion as arrear of Net Hydel Profit due since 2004-05 in addition to regular payment accruing every successive year. Sources in Finance Ministry told Business Recorder that the Punjab gover
Published 03 Jul, 2015 12:00am
NCJP for removing loopholes from Punjab Women Protection Bill

NCJP for removing loopholes from Punjab Women Protection Bill

The National Commission for Justice and Peace has expressed reservations over 'Punjab Protection of Women against Violence Act 2015', saying the bill is prepared and tabled in the Punjab Assembly without the consultation of civil society.
Published 03 Jul, 2015 12:00am
Illegal detention: LHC seeks report from DCO

Illegal detention: LHC seeks report from DCO

The Lahore High Court (LHC) has sought a report from the Lahore district co-ordination officer (DCO) for detaining a butcher for a month because of public disturbance. The judge has told the officer to prepare his response in four days.
Published 03 Jul, 2015 12:00am
Reforms in police system: Shahbaz reviews various proposals

Reforms in police system: Shahbaz reviews various proposals

Punjab Chief Minister Shahbaz Sharif presided over a high-level meeting here on Thursday which reviewed various proposals for reforms in police system, change of Thana culture and improvement of efficiency of police.
Published 03 Jul, 2015 12:00am
Chief minister for speedy execution of Greater Iqbal Park Project

Chief minister for speedy execution of Greater Iqbal Park Project

Punjab Chief Minister Shahbaz Sharif presided a meeting on Thursday, which he reviewed matters regarding Greater Iqbal Park Project. Addressing the meeting, Chief Minister Shahbaz Sharif said that Greater Iqbal Park Project has importance to highlight Pak
Published 03 Jul, 2015 12:00am
Government accords highest priority to health and education: minister

Government accords highest priority to health and education: minister

Provincial Minister for Excise & Taxation Mujtaba Shujaur Rehman has said that the government has accorded highest priority to health and education and the provincial health and education budget has been increased and additional resources have been provid
Published 03 Jul, 2015 12:00am
New business alliance receives warm welcome

New business alliance receives warm welcome

Traders and businessmen from different markets of the provincial metropolis welcoming the formation of alliance namely "Progressive and Lahore Businessmen Front Alliance" between three major opposition groups in the Lahore Chamber of Commerce and Industry
Published 03 Jul, 2015 12:00am
Textile industry: PTEA for creating stable environment

Textile industry: PTEA for creating stable environment

Pakistan Textile Exporters Association (PTEA) has stressed the need for creating a stable environment with more market access to deal with competitiveness issue as country's textile industry has lost its viability against regional competitors. Textile ind
Published 03 Jul, 2015 12:00am
UHS considers thesis reports, synopses

UHS considers thesis reports, synopses

The 103rd meeting of Advanced Studies and Research Board of the University of Health Sciences (UHS) was held here on Thursday with Vice Chancellor Major General Prof Muhammad Aslam (retd) in the chair.
Published 03 Jul, 2015 12:00am
Prime Minister expresses grief over deaths

Prime Minister expresses grief over deaths

Prime Minister Nawaz Sharif on Thursday expressed deep grief and sorrow over the loss of lives caused by a train accident in Gujranwala. According to a Prime Minister's House statement, the Prime Minister extended condolences to the families of Army offic
Published 03 Jul, 2015 12:00am
Zardari expresses grief

Zardari expresses grief

Former President and Pakistan Peoples' Party Co-Chairman Asif Ali Zardari has grieved over a train accident that derailed near Gujranwala on Thursday killing 12 people dead and several others injured.
Published 03 Jul, 2015 12:00am
42 beggars arrested

42 beggars arrested

The district administration continued its crackdown against beggars in all nine towns of the city and rounded up 42 beggars from various areas here on Thursday. Special teams of Social Welfare Department during raids on different main roads of the city ca
Published 03 Jul, 2015 12:00am
Expediting bilateral trade: US diplomat vows full support to LCCI chief

Expediting bilateral trade: US diplomat vows full support to LCCI chief

Political and Economic Chief of the US Consulate, Lahore Erik Martini has assured of his support to the President of Lahore Chamber of Commerce and Industry (LCCI) Ijaz A Mumtaz for expediting bilateral trade and economic relations between the United Stat
Published 03 Jul, 2015 12:00am
Directive to deal with post-rain effects

Directive to deal with post-rain effects

The district co-ordination officer has alerted town administrations, the Water and Sanitation Authority and the Lahore Waste Management Company following the recent rains, telling them to deal with the post-rain effects with pumping out rain water. Distri
Published 03 Jul, 2015 12:00am
Punjab to spend Rs 70 billion on clean drinking water

Punjab to spend Rs 70 billion on clean drinking water

The Punjab government will spend up to Rs 70 billion to provide clean drinking water for the next three years which includes up to Rs 11 billion for the financial year 2015-16, official sources revealed this on Thursday.
Published 03 Jul, 2015 12:00am
Russia calls new US military strategy confrontational

Russia calls new US military strategy confrontational

Russia denounced a new US military strategy that accuses Moscow of failing to respect its neighbours' sovereignty as "confrontational" on Thursday, saying it would set back efforts to improve relations. The Pentagon has updated the US National Military St
Published 03 Jul, 2015 12:00am
Russia slashes state funding for 'foreign agent' NGOs

Russia slashes state funding for 'foreign agent' NGOs

Some of Russia's leading NGOs said Thursday that their work would be hit after they were turned down for grants by a government that brands them "foreign agents" under a controversial law.
Published 03 Jul, 2015 12:00am
Tunisia arrests eight with 'direct links' to beach massacre

Tunisia arrests eight with 'direct links' to beach massacre

Tunisia has arrested eight people in connection with last week's jihadist massacre at a seaside resort, as the remains of more slain Britons were flown home Thursday. Friday's attack saw 23-year-old student Seifeddine Rezgui gun down 38 foreign tourists,
Published 03 Jul, 2015 12:00am
At least 38 dead as Philippine ferry capsizes

At least 38 dead as Philippine ferry capsizes

A ferry loaded with nearly 200 people capsized off a central Philippine port on Thursday, officials said, killing at least 38 people in the latest of the country's long string of maritime tragedies. Around 27 people are still missing after the 33-tonne, w
Published 03 Jul, 2015 12:00am
Solar Impulse beats new record, but pilot 'tired'

Solar Impulse beats new record, but pilot 'tired'

A solar-powered aircraft flying from Japan to Hawaii on the most perilous leg of a round-the-globe bid has beaten the record for the longest solo flight, organisers said Thursday. But they admitted that veteran Swiss pilot Andre Borschberg is absolutely e
Published 03 Jul, 2015 12:00am
Palestinians protest one year after teenager burnt to death

Palestinians protest one year after teenager burnt to death

Hundreds of Palestinians demonstrated in east Jerusalem Thursday to commemorate the first anniversary of a teenager being burned to death in an Israeli revenge attack in the run-up to the Gaza war. Mohammed Abu Khder, 16, was abducted and killed on July 2
Published 03 Jul, 2015 12:00am
UK police hold two women for alleged terror offences

UK police hold two women for alleged terror offences

British police on Thursday charged a 26-year-old woman with inciting terror through Twitter and membership of the Islamic State group, and arrested a 15-year-old girl on suspicion of preparing an attack. Police were also continuing an investigation into t
Published 03 Jul, 2015 12:00am
All-clear at Washington Navy Yard after shooting scare

All-clear at Washington Navy Yard after shooting scare

A US Navy installation in Washington was given the all-clear Thursday after a tense lockdown and search for several hours over reports of a possible shooting, authorities said. The Navy said there was "no sign of shooting" at the sprawling Navy Yard - sce
Published 03 Jul, 2015 12:00am
New Zealand dollar falls, Aussie outperforms

New Zealand dollar falls, Aussie outperforms

The New Zealand dollar fell below 67 US cents for the first time in five years on Thursday, extending its decline against a broadly firmer greenback as a slide in dairy prices narrowed the odds on more rates cuts. It also slumped to a near two-year low ag
Published 03 Jul, 2015 12:00am
Sterling recovers against dollar

Sterling recovers against dollar

Sterling recovered from two-week lows against the dollar on Thursday, after a softer-than-expected US jobs report weighed on the greenback while a robust survey on UK construction sector underpinned the pound. US nonfarm payrolls increased 223,000 last mo
Published 03 Jul, 2015 12:00am
Sri Lankan spot rupee firmer
Currency

Sri Lankan spot rupee firmer

The Sri Lankan rupee ended firmer on Thursday as a state-run bank, through which the central bank usually directs the market, sold dollars at 133.60, 10 cents lower from the previous session's close, dealers said. The rupee ended at 133.60 per dollar, up
Published 03 Jul, 2015 12:00am
Most emerging Asian currencies slip
Currency

Most emerging Asian currencies slip

Most emerging Asian currencies slid on Thursday on expectations that upcoming US economic data such as June jobs figures may cement expectations that the Federal Reserve will start raising interest rates as soon as September. Malaysia's ringgit fell as ov
Published 03 Jul, 2015 12:00am
Egypt's pound weakens

Egypt's pound weakens

Egypt's pound weakened to 7.63 pounds per dollar from 7.53 at a central bank auction on Thursday, the first official depreciation since February. The bank offered $40 million and sold $38.8 million at a cut-off price of 7.6301 pounds per dollar, the centr
Published 03 Jul, 2015 12:00am
Euro dips against dollar in NY
Currency

Euro dips against dollar in NY

The euro fell against the US dollar on Wednesday after strong US economic data raised expectations the Federal Reserve will hike rates in September, while a combative address from Greece's prime minister also weighed on the euro.
Published 03 Jul, 2015 12:00am
Early trade in New York: dollar slips against basket of currencies

Early trade in New York: dollar slips against basket of currencies

The US dollar slipped against a basket of major currencies on Thursday after US jobs data lagged expectations, pushing out bets for a Federal Reserve rate hike to 2016, while caution ahead of this weekend's Greek referendum limited losses.
Published 03 Jul, 2015 12:00am
Swedish crown slips in European trade
Currency

Swedish crown slips in European trade

The Swedish crown sank 1 percent on Thursday after the central bank in Stockholm surprised markets by cutting interest rates and saying it would pump more money into the economy, citing risks from Greece.
Published 03 Jul, 2015 12:00am
Yen drops in Asia

Yen drops in Asia

The yen dipped in Asian trade on Thursday as the market geared up for a deluge of US data that could back expectations for the Federal Reserve to lift interest rates and briefly steal the spotlight from the Greece's debt crisis.
Published 03 Jul, 2015 12:00am
Yuan falls on corporate dollar demand
Currency

Yuan falls on corporate dollar demand

China's yuan weakened against the dollar on Thursday on strong corporate dollar demand and after the central bank set the official guidance rate at a three-week low, traders said. The People's Bank of China (PBOC) set the midpoint rate at 6.1171 per dolla
Published 03 Jul, 2015 12:00am
Arif Alvi's apology over '35 punctures' his personal stance: Tareen

Arif Alvi's apology over '35 punctures' his personal stance: Tareen

Tehreek-e-Insaf General Secretary Jahangir Khan Tareen on Thursday said that PTI leader Arif Alvi's reported apology over the "35 punctures" was his personal stance. Talking to media persons outside the Supreme Court, he said that Alvi's apology has nothi
Published 03 Jul, 2015 12:00am
PML-N Swat activist shot dead

PML-N Swat activist shot dead

A local leader of Pakistan Muslim League-Nawaz (PML-N) and former Union Council Nazim, Shamozai, Swat, Adalat Khan was shot dead by some unknown motorcyclists. According to SHO Shamozai, the former UC Nazim was present outside his house, when some unknown
Published 03 Jul, 2015 12:00am
EFU Life launches mobile app

EFU Life launches mobile app

EFU Life has launched the first of its kind mobile app in the Insurance industry. EFU Life PlanIT offers complete solution for all life insurance needs. With it, Life insurance just got easier.
Published 03 Jul, 2015 12:00am
Nikon launches Photo & Film Festival

Nikon launches Photo & Film Festival

Nikon Middle East & Africa FZE, in partnership with its official exclusive distributor in Pakistan, Camtronx, has launched the first ever Nikon Photo & Film Festival in Pakistan as part of its continuing initiative to develop the photography and videograp
Published 03 Jul, 2015 12:00am
Rs 960 million released to PSM for salaries' payment

Rs 960 million released to PSM for salaries' payment

The Ministry of Finance has released an amount of Rs 960 million to Pakistan Steel Mills (PSM) for payment of salaries. The PSM employees were facing a real hard time in holy month of Ramadan as they had not been paid salaries for the last four months. Th
Published 03 Jul, 2015 12:00am
CPEC panel told: Pakistan faces two percent loss of GDP yearly

CPEC panel told: Pakistan faces two percent loss of GDP yearly

Secretary Planning, Development and Reforms Hassan Nawaz Tarar Thursday informed a special committee on China Pakistan Economic Corridor (CPEC) that Pakistan is facing 2 percent loss of Gross Domestic Product (GDP) every year due to energy shortfall and l
Published 03 Jul, 2015 12:00am
PTI MNAs donate their salaries to SKMCH

PTI MNAs donate their salaries to SKMCH

Pakistan Tehrik-e-Insaf (PTI) Chairman Imran Khan along with some other party's MNAs donated their 11-month salary to the Shaukat Khanum Memorial Cancer Hospital (SKMCH). Sources within PTI confirmed that the salaries had been transferred to the bank acco
Published 03 Jul, 2015 12:00am
Power crisis to be over by 2017: Dastgir

Power crisis to be over by 2017: Dastgir

KARACHI: The Federal Minister for Commerce, Engr Khurram Dastgir, said here on Thursday that the country will overcome power crisis by 2017 as several energy projects have already been initiated across the country. "All resources, including hydel, nuclear
Published 03 Jul, 2015 12:00am
Three shot dead, one injured in Karachi

Three shot dead, one injured in Karachi

At least three persons were killed and another injured in firing of unknown miscreants, here on Thursday evening. Rescue sources that unidentified motorcyclists opened indiscriminate fire near Gattar Bagheecha in Pakistan Colony area, killing three people
Published 03 Jul, 2015 12:00am
Sindh-wide plantation campaign ordered

Sindh-wide plantation campaign ordered

Over one million saplings in Karachi and more than three million saplings would be planted during July and August in Sindh in a plantation campaign, on the directives of Sindh Information and Local Government Minister, Sharjeel Inam Memon. According to a
Published 03 Jul, 2015 12:00am
Aitzaz flays Islamabad's 'Punjab-centric' approach

Aitzaz flays Islamabad's 'Punjab-centric' approach

Pakistan People's Party (PPP) claimed that federal government is ignoring Sindh projects and only preferring Punjab uplift by providing ample funding. "Federal government is not giving value to Sindh government's important projects of infrastructure, powe
Published 03 Jul, 2015 12:00am
Karachi hit by prolonged power outages

Karachi hit by prolonged power outages

Prolonged loadshedding is being carried out during the holy month of Ramazan in many parts of the metropolis despite severe heatwave continues to hit citizens observing fast. The worst affected areas include Sachal Goth, Maroora Goth, Ayub Goth, Safoora G
Published 03 Jul, 2015 12:00am
Pakistan rejects Kabul's claim of construction

Pakistan rejects Kabul's claim of construction

Pakistan military spokesman Major-General Asim Bajwa has rejected claim by the Afghan government that Pakistani forces were involved in construction on the Afghan side of the border. The comments came after a border clash between Pakistan and Afghanistan
Published 03 Jul, 2015 12:00am
Tight security for Hindu pilgrimage in Indian held Kashmir

Tight security for Hindu pilgrimage in Indian held Kashmir

Thousands of Hindu pilgrims on Thursday began trekking along icy trails to reach a cave shrine high in the mountains of India's held Kashmir amid tight security. Every year, hundreds of thousands of devout Hindus from India and abroad make the gruelling t
Published 03 Jul, 2015 12:00am
Police recover boy in Mastung

Police recover boy in Mastung

Capital City Police Officer (CCPO) Quetta, Abdul Razzaq Cheema on Thursday said the police recovered a 12-year-old boy from a house in Mastung who was kidnapped on February 12. While addressing a press conference here, he said "following the intelligence
Published 03 Jul, 2015 12:00am
Army to supervise LB re-poll on July 5: Khattak

Army to supervise LB re-poll on July 5: Khattak

Pakistan Army has been called to perform its duty to supervise the re-polling process of the Local Government elections to be held on July 5. The Election Commission of Pakistan (ECP) will also inquire into the causes of mismanagement and violence in May
Published 03 Jul, 2015 12:00am
Government urged to support UNHRC resolution on child marriage

Government urged to support UNHRC resolution on child marriage

A resolution on child, early and forced marriage is being considered in the UN Human Rights Council (UNHRC) in next week. The Alliance to end early and forced marriages in KP and Fata urges Pakistan government to support the forthcoming resolution in the
Published 03 Jul, 2015 12:00am
NA body told Rs 559 million misappropriation detected in PPO

NA body told Rs 559 million misappropriation detected in PPO

A parliamentary panel was on Thursday informed that 538 cases of misappropriation, corruption and fraud involving loss of Rs 559 million were detected in the Pakistan Post Office Department during last five years (2009-14).
Published 03 Jul, 2015 12:00am
ANP leader killed in Charsadda

ANP leader killed in Charsadda

A local leader of the Awami National Party (ANP), Dost Muhammad Khan, on Thursday was gunned down by unknown assailants in Utmanzai area of district Charsadda. According to police sources, two gunmen riding on motorcycle opened fire at a local office of t
Published 03 Jul, 2015 12:00am
Bilawal visits Lyari, meets minister

Bilawal visits Lyari, meets minister

Bilawal Bhutto Zardari, Chairman Pakistan People's Party (PPP) on Thursday visited the residence of Sindh Minister Javed Nagori in Lyari and condoled death of his brother Shaheed Akbar Nagori who was gunned down by terrorists in May.
Published 03 Jul, 2015 12:00am
ANF seizes drugs worth Rs 910 million

ANF seizes drugs worth Rs 910 million

ANF in 12 operations thwarted several attempts to smuggle drugs and seized 22 Kg Heroin, 315 Kg Charas, 1.6 Kg Methamphetamine (Ice) and 800 Psychotropic Tablets. During these operations ANF also arrested 13 persons including 3 lady drug traffickers and i
Published 03 Jul, 2015 12:00am
Commodity and BP shares help FTSE to close higher

Commodity and BP shares help FTSE to close higher

Britain's top share index ended higher on Thursday as oil major BP rose after reaching an $18.7 billion settlement with the US government and commodity stocks tracked stronger crude oil and metals prices. BP rose 4.5 percent, the top gainer in the bluechi
Published 03 Jul, 2015 12:00am
Most SE Asian markets up

Most SE Asian markets up

Most Southeast Asian stock markets rose on thin volume on Thursday amid the Greek debt uncertainty, but Singapore shares retreated ahead of factory activity data and Thai key index closed below key 1,500 level due to sell-off in banking shares. Singapore'
Published 03 Jul, 2015 12:00am
Electrolux slump weighs on weaker European markets
Currency

Electrolux slump weighs on weaker European markets

European shares fell on Thursday under pressure from concerns over Greece's debt crisis and with a rebound in the euro weighing on exporters that typically benefit from the single currency's weakness. Adding to the downward pressure, Sweden's Electrolux f
Published 03 Jul, 2015 12:00am
India's BSE index slips

India's BSE index slips

India's BSE index slipped on Thursday after earlier rising to its highest intraday level in nearly 2-1/2 months as software exporters fell after revenue warnings by rivals and eurozone worries led to concerns about June-quarter results. The BSE sub index
Published 03 Jul, 2015 12:00am
Egyptian stocks slide on security fears; Gulf mixed
Currency

Egyptian stocks slide on security fears; Gulf mixed

Egyptian stocks fell on Thursday because of security worries after bloody clashes with militants in Sinai. Gulf markets were mixed as the Greek debt crisis and soft oil prices were offset by the bargain hunting of local retail investors on dips. Reopening
Published 03 Jul, 2015 12:00am
Foreign investors buy more shares in Saudi Arabia

Foreign investors buy more shares in Saudi Arabia

Foreign investors bought 2.33 percent of all shares purchased on Saudi Arabia's stock market in June, the first month since new rules allowed more overseas investment in the Arab world's largest bourse, data showed on Thursday. Overseas investors, includi
Published 03 Jul, 2015 12:00am
US bonds tumble

US bonds tumble

US Treasuries prices fell on Wednesday as hopes for a Greece debt deal prompted investors to pare safe-haven bids, while a stronger-than-expected report on private jobs growth revived bets on a Federal Reserve rate hike later this year. A poor five-year G
Published 03 Jul, 2015 12:00am
US bonds tumble

US bonds tumble

US Treasuries prices fell on Wednesday as hopes for a Greece debt deal prompted investors to pare safe-haven bids, while a stronger-than-expected report on private jobs growth revived bets on a Federal Reserve rate hike later this year. A poor five-year G
Published 03 Jul, 2015 12:00am
Hong Kong shares mixed

Hong Kong shares mixed

Hong Kong shares finished up slightly on Thursday, massively outperforming mainland markets, which continued their collapse despite new regulatory blandishments. The Hang Seng index rose 0.1 percent, to 26,282.32, while the China Enterprises Index lost 1.
Published 03 Jul, 2015 12:00am
Indonesian tsunami survivor joins Sporting academy

Indonesian tsunami survivor joins Sporting academy

An Indonesian tsunami survivor, found wearing a Portugal shirt nearly three weeks after his home was destroyed in the 2004 disaster, has joined Sporting Lisbon's academy, the club said on Thursday. Martunis, now 17, survived for nearly three weeks on drie
Published 03 Jul, 2015 12:00am
Employees housing society: Process of allotment be expedited

Employees housing society: Process of allotment be expedited

Hyderabad Forest Workers Union has demanded that the process of allotment and other formalities related to Employees Housing Society (EHS) should immediately be expedited and completed. Leaders of Forest Workers Union of Forest Department Sindh said this
Published 03 Jul, 2015 12:00am
Another polio case surfaces in Quetta

Another polio case surfaces in Quetta

Another polio case surfaced in Quetta on Thursday escalating the toll to four in the province this year. According to the Health Department, polio virus has been identified in a four-year-old Sharif Ullah who is a resident of Pashtoonabad. The medical sta
Published 03 Jul, 2015 12:00am
Reserves reach $18.2 billion mark

Reserves reach $18.2 billion mark

The country's liquid foreign exchange reserves posted an increase of $744 million during the last week. The State Bank of Pakistan's weekly forex report on Thursday revealed that the country's totalled liquid foreign exchange reached $18.201 billion mark
Published 03 Jul, 2015 12:00am
Fitra collection: rangers arrest 16 MQM workers

Fitra collection: rangers arrest 16 MQM workers

The paramilitary Rangers on Thursday arrested as many as 16 workers of Muttahida Quami Movement (MQM) for alleged forceful collection of Fitra/ donations from the residents of Rizvia Society, here on late Thursday night. The spokesman for Rangers said tha
Published 03 Jul, 2015 12:00am
PICG inducted as member of GNDI

PICG inducted as member of GNDI

Pakistan Institute of Corporate Governance (PICG) has been inducted as a member of the Global Network of Director Institutes (GNDI), according to announcement made recently. GNDI, an exclusive international network of director institutes from across the g
Published 03 Jul, 2015 12:00am
Macy's is latest company to sever Trump ties

Macy's is latest company to sever Trump ties

Macy's became the latest company to sever ties with Donald Trump Wednesday, announcing it would end the Trump clothing line following the mogul's remarks about Mexican immigrants.
Published 03 Jul, 2015 12:00am
New Zealand house price growth gains in June

New Zealand house price growth gains in June

Growth in New Zealand's house prices picked up for a sixth consecutive month in June on the back of gains in the country's biggest city and surrounding regions, the government property valuer said on Thursday. Quotable Value's (QV) residential property pr
Published 03 Jul, 2015 12:00am
Poland's conservatives vow no euro if win polls
Currency

Poland's conservatives vow no euro if win polls

Poland's conservative Law and Justice (PiS) party said Thursday it would not have the country adopt the European single currency if it wins, as polls currently predict, the autumn general election. "My government... certainly will not work on the introduc
Published 03 Jul, 2015 12:00am
Economy to dominate Turkish coalition talks, says minister

Economy to dominate Turkish coalition talks, says minister

Finding a coalition that best serves Turkey's economy should be the priority in talks to form the country's next government, said Economy Minister Nihat Zeybekci, whose AK Party finished first in last month's national elections. President and AKP founder
Published 03 Jul, 2015 12:00am
Brazil industrial output rises unexpectedly

Brazil industrial output rises unexpectedly

Brazilian industry advanced unexpectedly in May, led by an uptick in consumer goods production, though the data is unlikely to dispel concerns over a looming recession in Latin America's largest economy.
Published 03 Jul, 2015 12:00am
Japan business confidence hits best level since March 2014: BoJ

Japan business confidence hits best level since March 2014: BoJ

Confidence among major Japanese manufacturers increased in the three months to June, beating expectations to rise to its highest level in more than a year, a Bank of Japan survey showed Wednesday. The central bank's closely-watched quarterly Tankan report
Published 03 Jul, 2015 12:00am
Pakistan, Sri Lanka reshuffle pack for decider

Pakistan, Sri Lanka reshuffle pack for decider

Pakistan and Sri Lanka will ring in several changes, most of them forced on them, in a bid to win the decisive third and final Test starting in Pallekele on Friday. Both sides are pulling out all the stops to break the 1-1 deadlock after Pakistan won the
Published 03 Jul, 2015 12:00am
Federer, Murray sweep through at Wimbledon
Kerb

Federer, Murray sweep through at Wimbledon

Former champions Roger Federer and Andy Murray swept into the Wimbledon third round on Thursday as a fourth player from the women's top 10 tumbled out of the tournament. Seven-time winner and second seed Federer eased to a 6-4, 6-2, 6-2 win over Sam Querr
Published 03 Jul, 2015 12:00am
Proteas apologise for drone security breach

Proteas apologise for drone security breach

South Africa's cricket team apologised Thursday to the Bangladesh military for using a drone at a practice session in Dhaka and breaching national security ahead of the start of their tour.
Published 03 Jul, 2015 12:00am
Azhar Mahmood keeps his cool to see Surrey home

Azhar Mahmood keeps his cool to see Surrey home

Former Pakistan all-rounder Azhar Mahmood kept his cool on the hottest day of the year in England so far by hitting a last-ball six to seal a dramatic four-wicket win for Surrey against Gloucestershire in their domestic Twenty20 tournament clash at The Ov
Published 03 Jul, 2015 12:00am
US asks Swiss to extradite seven in FIFA inquiry

US asks Swiss to extradite seven in FIFA inquiry

The United States has asked Switzerland to extradite seven FIFA officials arrested in an investigation into a global bribery scandal at soccer's governing body, the Swiss Federal Office of Justice (FOJ) said on Thursday. The move marks the start of a lega
Published 03 Jul, 2015 12:00am
Japan win and book final rematch with USA

Japan win and book final rematch with USA

Holders Japan swiped a dramatic 2-1 victory over England thanks to an injury-time own-goal by defender Laura Bassett on Wednesday, setting up a Women's World Cup final rematch against the United States. The Asian champions, who defeated the Americans on p
Published 03 Jul, 2015 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,430 million as compared to PKR 3,911 million reported on Tuesday, an increase of 39 percent. The number of lots traded was 13.99 million. PMEX Commodity Index closed at 2,697.
Published 03 Jul, 2015 12:00am
US MIDDAY: gold down

US MIDDAY: gold down

Gold on Thursday rebounded slightly from an earlier 3-1/2 month low after data showed the US labour market was weaker in June than expected, indicating that the Federal Reserve may hold off from raising interest rates in September. US job growth slowed in
Published 03 Jul, 2015 12:00am
Oil flat as US rig count rise cools gains, gasoline jumps

Oil flat as US rig count rise cools gains, gasoline jumps

Crude oil prices ended little changed on Thursday as the first weekly gain in the US rig count this year pared earlier gains. Pulling crude futures off highs was the latest data on the US oil rig count from Baker Hughes. The firm said the number of rigs d
Published 03 Jul, 2015 12:00am
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