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Print - 2015-07-03
Gold falls in Asia

Gold falls in Asia

Gold fell to a four-week low on Thursday, extending losses into a third straight session due to a strong dollar and the prospect of higher US interest rates, with the market eyeing US economic data due later in the day for further trading cues. Spot gold
Published 03 Jul, 2015 12:00am
Gold rebounds in Europe

Gold rebounds in Europe

Gold cut some losses on Thursday, rebounding slightly from a 3-1/2 month low after data showed the US labour market to be weaker than expected in June, indicating that the Federal Reserve could hold off from raising interest rates in September. The non-fa
Published 03 Jul, 2015 12:00am
Russia may cut grain crop forecast if drought persists

Russia may cut grain crop forecast if drought persists

Russia's Agriculture Ministry might cut its grain crop forecast from the current 100 million tonnes if dry and hot weather persists in several regions, it said on Thursday. Drought has damaged plantings on more than 1 million hectares in Volgograd, Sarato
Published 03 Jul, 2015 12:00am
US MIDDAY: corn climbs

US MIDDAY: corn climbs

US corn futures rose to a six-month peak on Thursday, adding to strong gains earlier in the week as adverse weather in the parts of the US Midwest and Western Europe threatened crops. Prices for soyabeans and wheat also firmed as investors squared positio
Published 03 Jul, 2015 12:00am
US MIDDAY: corn, wheat and soya climb

US MIDDAY: corn, wheat and soya climb

US corn futures rose to a six-month peak on Thursday, adding to strong gains earlier in the week as adverse weather in the parts of the US Midwest and Western Europe threatened crops. Prices for soyabeans and wheat also firmed as investors squared positio
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
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
CBOT wheat futures lower on technical selling

CBOT wheat futures lower on technical selling

Chicago Board of Trade wheat futures fell 4 percent on Wednesday on technical selling, including profit-taking, a day after the market surged to a six-month high led by corn and soy futures, traders said. Despite concerns about yield loss and quality prob
Published 03 Jul, 2015 12:00am
Indian soyabeans jump to two-week high

Indian soyabeans jump to two-week high

Indian soyabean futures jumped on Wednesday to hit their highest level in two weeks following gains in overseas prices and on concerns over soyabean output after the weather department forecast poor rains in central India over the next few days. Soyaoil f
Published 03 Jul, 2015 12:00am
Prices mixed on grain market
Cotton

Prices mixed on grain market

Prices moved both ways on the wholesale grain market on Thursday in the process of modest trading, dealers said. On the cereals sector, Moong Punjab was higher by Rs 250 to Rs 9000, Moong Afghan also gained the same amount at Rs 11500, Masoor Canada, howe
Published 03 Jul, 2015 12:00am
EU wheat futures close little changed

EU wheat futures close little changed

Paris wheat futures closed little changed on Wednesday, as profit-taking in Chicago brought the European market back from earlier contract highs linked to worries over hot, dry weather. December milling wheat, the most active contract on the Paris Euronex
Published 03 Jul, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 140,549 tonnes of cargo comprising 120,233 tonnes of import cargo and 20,316 tonnes of export cargo including 4,251 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 03 Jul, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

Both the deliveries were unchanged on the forward cottonseed oilcake market on Thursday in the process of trading, dealers said. The July vaida closed at Rs 1838.50 and it opened with no change in the early session, they said. The December vaida ended at
Published 03 Jul, 2015 12:00am
Prices of new cotton crop move up on modest trade
Cotton

Prices of new cotton crop move up on modest trade

Prices of new crop moved up on the cotton market on Thursday in the process of modest trading, dealers said. The official spot rate drifted further lower by Rs 100 to Rs 4900, dealers said. Seed cotton prices in Sindh were at Rs 2450-2500 and in Punjab ra
Published 03 Jul, 2015 12:00am
Easy condition on cotton market
Currency

Easy condition on cotton market

The domestic cotton market has mostly remained slow and subdued during the past couple of weeks. An estimated 15,000 bales of new crop cotton (August 2015 / July 2016) has been pressed by the ginners, mostly from Sindh but also from Punjab, which has been
Published 03 Jul, 2015 12:00am
Easy condition on cotton market
Currency

Easy condition on cotton market

The domestic cotton market has mostly remained slow and subdued during the past couple of weeks. An estimated 15,000 bales of new crop cotton (August 2015 / July 2016) has been pressed by the ginners, mostly from Sindh but also from Punjab, which has been
Published 03 Jul, 2015 12:00am
Stokes won't back down in Ashes

Stokes won't back down in Ashes

England all-rounder Ben Stokes has promised not to take a backward step when he faces Australia again in the upcoming Ashes series. There has been speculation Australia will try to get under the skin of the feisty Stokes, who appeared decidedly unimpresse
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
PBIF lauds increased civil-military co-operation

PBIF lauds increased civil-military co-operation

President, Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has said that increased co-operation between civil and military leadership is a good omen, which is imperative to boost economic activities in the country. He lauded the m
Published 03 Jul, 2015 12:00am
Runway closure to hit flight schedule at AIIAP

Runway closure to hit flight schedule at AIIAP

Flights schedule of foreign and local airlines is going to be disturbed badly at Allama Iqbal International Airport (AIIAP), due to its main runway closure for 130-day from August 1, 2015; it is learnt here on Thursday.
Published 03 Jul, 2015 12:00am
Transportation services: Centre asks provinces to defer imposition of ST

Transportation services: Centre asks provinces to defer imposition of ST

The federal government has asked the Sindh, Punjab and Khyber Pakhtunkhwa governments to defer taxing transportation services during this fiscal year. The move came after All Pakistan Oil Tankers Association (APOTA) went on strike on Tuesday, initially on
Published 03 Jul, 2015 12:00am
Banking transactions: HCCI seeks withdrawal of tax

Banking transactions: HCCI seeks withdrawal of tax

Hyderabad Chamber of Commerce and Industry (HCCI) has appealed the Federal Board of Revenue (FBR) to withdraw the imposition of 0.6 per cent tax on all banking transactions.
Published 03 Jul, 2015 12:00am
113 alleged criminals held in Karachi

113 alleged criminals held in Karachi

Police on Thursday claimed to have arrested 113 suspects in targeted raids conducted in different city neighbourhoods during last 24 hours. The police said that their 78 raids and seven encounters were carried out as a part of Karachi operation led to the
Published 03 Jul, 2015 12:00am
Indonesian naval ship arrives

Indonesian naval ship arrives

Indonesian naval ship, KRI BANGARMASIN-592, has arrived on a goodwill-cum-training visit at Karachi Port here on Thursday. The visiting ship was accorded a warm welcome and received by senior officials of Pakistan Navy and Indonesian Consul General in Pak
Published 03 Jul, 2015 12:00am
JCR-VIS reaffirms IFS rating of EFU General Insurance

JCR-VIS reaffirms IFS rating of EFU General Insurance

JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength Rating of EFU General Insurance Limited (EFU) at 'AA+' (Double A Plus). Outlook on the assigned rating is 'Stable'. The previous rating action was announced on November 25
Published 03 Jul, 2015 12:00am
Cloudy, windy weather in next 24 hours

Cloudy, windy weather in next 24 hours

The Met Office on Thursday forecast cloudy and windy weather for the city during the next 24 hours. Temperature is expected to remain between 33 degrees Celsius and 35 degrees Celsius with humidity ranging from 50 percent to 60 percent. The office said th
Published 03 Jul, 2015 12:00am
KPT registers record cargo handling in FY15

KPT registers record cargo handling in FY15

The cargo handling activities at the Karachi Port broke all previous records during the just-concluded Fiscal Year 2014-15. In FY15, the port registered a record handling of 43.42 million tons cargo and 1.72 million twenty-foot equivalent units (TEUs), sa
Published 03 Jul, 2015 12:00am
Home Secretary, DG Rangers asked to comment on missing person's case

Home Secretary, DG Rangers asked to comment on missing person's case

Sindh High Court (SHC) on Thursday issued notice to the provincial home secretary, director general of Rangers, Sindh police chief and others to file comments on a petition seeking whereabouts of Muhammad Ali Sheikh, the brother of Pakistan Peoples Party'
Published 03 Jul, 2015 12:00am
Ukraine rebels announce disputed elections in October

Ukraine rebels announce disputed elections in October

A top pro-Russian rebel announced plans Thursday to hold local elections in October that would cement the separatists' semi-autonomous status within a united Ukraine. Alexander Zakharchenko said the October 18 vote would be conducted "on the basis of Ukra
Published 03 Jul, 2015 12:00am
South China Sea runway 'nearly complete': US think-tank

South China Sea runway 'nearly complete': US think-tank

Beijing has nearly completed building a 3,000-metre (9,800-foot) airstrip on a reef in disputed waters in the South China Sea, where tensions are mounting with its neighbours, a US think-tank said. A satellite picture taken on Sunday showed that China was
Published 03 Jul, 2015 12:00am
UN observers say Burundi elections not free or credible

UN observers say Burundi elections not free or credible

UN observers have ruled that elections in Burundi that were wracked by violence and boycotted by the opposition were not free or credible, a UN spokesman said Thursday. "The overall environment was not conducive for free, credible and inclusive elections,
Published 03 Jul, 2015 12:00am
Greece needs 36 billion euros more from EU: IMF

Greece needs 36 billion euros more from EU: IMF

Greece needs 50 billion more euros ($55 billion) over the next three years, including 36 billion euros from EU lenders, to stabilise its finances even under existing creditor plans, the IMF said Thursday. In a new report on Greece's financing needs, the I
Published 03 Jul, 2015 12:00am
Greek government 'may resign' if it loses referendum

Greek government 'may resign' if it loses referendum

Greece's radical left government said Thursday it may resign if it fails to win a referendum that could decide the country's financial future. Greek Finance Minister Yanis Varoufakis said the government "may very well" quit if the public went against it i
Published 03 Jul, 2015 12:00am
Cocaine crop, production surges in Colombia

Cocaine crop, production surges in Colombia

Colombia saw a sharp rise in both coca cultivation and cocaine production in 2014, rebounding from a decline the year before, a UN report released Thursday found. "The cultivation of coca leaf increased considerably in Colombia, going from 48,000 hectares
Published 03 Jul, 2015 12:00am
Six children drown in Nigeria as boat capsizes

Six children drown in Nigeria as boat capsizes

Six children have drowned after the boat taking them to school capsized in a waterway in Lagos, Nigeria's economic capital, an emergency management agency spokesman said on Thursday.
Published 03 Jul, 2015 12:00am
US extradites former Bosnian prison guard over war crimes

US extradites former Bosnian prison guard over war crimes

The United States extradited Thursday to Bosnia a former Muslim prison guard accused to have abused Serb civilian detainees during the 1992-1995 war, prosecutor's office said. Almaz Nezirovic, one of rare Muslims to be indicted by Bosnia's prosecutors for
Published 03 Jul, 2015 12:00am
Deadly clashes rock Yemen as UN raises emergency level

Deadly clashes rock Yemen as UN raises emergency level

At least 22 people were killed Thursday in Yemen as fighting raged in the southern port of Aden and Saudi-led warplanes bombed Shiite rebels in the capital Sanaa, officials said. The violence came a day after the UN declared its highest level of humanitar
Published 03 Jul, 2015 12:00am
IS destroys statue outside Syria's Palmyra museum

IS destroys statue outside Syria's Palmyra museum

Islamic State group jihadists have destroyed a famous statue of a lion outside the museum in the Syrian city of Palmyra, the country's antiquities director said Thursday. Maamoun Abdelkarim said the statue, known as the Lion of Al-Lat, was an irreplaceabl
Published 03 Jul, 2015 12:00am
'No breakthrough' yet at Iran nuclear talks

'No breakthrough' yet at Iran nuclear talks

Foreign ministers from major powers returned Thursday to tough Iran talks warning that a breakthrough was not yet in sight, as the UN atomic watchdog head met Iran's president in Tehran. "I don't think we are at any kind of breakthrough moment yet," Briti
Published 03 Jul, 2015 12:00am
Six UN peacekeepers killed in northern Mali

Six UN peacekeepers killed in northern Mali

Militants killed at least six United Nations soldiers on Thursday in northern Mali, in one the deadliest ever attacks on the world's most dangerous peacekeeping mission, claimed by al Qaeda's north African arm. MINUSMA, the UN's force in the volatile west
Published 03 Jul, 2015 12:00am
US slaps sanctions on two South Sudan commanders

US slaps sanctions on two South Sudan commanders

The United States levelled sanctions on Thursday against two military commanders from South Sudan, saying they are fuelling the country's 18-month-old civil war. The Treasury Department announced sanctions against South Sudan military commander Gabriel Jo
Published 03 Jul, 2015 12:00am
Ethiopia scrambles to meet property demand in booming capital

Ethiopia scrambles to meet property demand in booming capital

A property boom in Ethiopia's capital is putting pressure on the government to keep homes affordable for some of Africa's poorest people who also live in one of its fastest-growing economies. Smart flats and hotels in mirror-glass buildings rise up in are
Published 03 Jul, 2015 12:00am
Egypt's central bank lets pound weaken by 1.3 percent
Currency

Egypt's central bank lets pound weaken by 1.3 percent

The central bank let the Egyptian pound depreciate for the first time in five months on Thursday, a move analysts said would please the international investors that Cairo is courting. The bank said it sold $38.8 million at a cut-off price of 7.63 pounds p
Published 03 Jul, 2015 12:00am
Probe nets fourth Petrobras executive

Probe nets fourth Petrobras executive

Police in Brazil on Thursday arrested a fourth former high-ranking executive of state oil company Petrobras in the latest chapter of an anti-corruption probe shaking the Latin American giant's political and business elite.
Published 03 Jul, 2015 12:00am
BP reaches $18.7 billion settlement over deadly 2010 spill

BP reaches $18.7 billion settlement over deadly 2010 spill

BP Plc will pay up to $18.7 billion in penalties to the US government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in US history.
Published 03 Jul, 2015 12:00am
Sweden cuts key interest rate to record low

Sweden cuts key interest rate to record low

Sweden's central bank on Thursday cut its repo rate by 10 basis points to a record low -0.35 percent, to avoid a strengthening of the krona amid the Greek crisis.
Published 03 Jul, 2015 12:00am
German new car sales up in June

German new car sales up in June

New car registrations in Germany, a key measure of demand in one of the most important sectors of Europe's top economy, rose strongly in June, data showed on Thursday. A total of 313,600 new cars were registered last month, a jump of 13 percent compared w
Published 03 Jul, 2015 12:00am
India approves $8 billion plan to boost irrigation

India approves $8 billion plan to boost irrigation

India's government Thursday approved spending nearly US $8 billion over five years to develop infrastructure for rural irrigation to boost crop productivity in a country where farmers rely largely on annual rains. Prime Minister Narendra Modi's cabinet ga
Published 03 Jul, 2015 12:00am
Health insurer Centene adds muscle with $6.3 billion Health Net deal

Health insurer Centene adds muscle with $6.3 billion Health Net deal

US health insurer Centene Corp will buy smaller rival Health Net Inc for $6.3 billion, underscoring the healthcare industry's rush to bulk up to negotiate better prices with suppliers and hospitals, and attract new customers. Health Net's shares touched a
Published 03 Jul, 2015 12:00am
Tokyo stocks surge

Tokyo stocks surge

Tokyo shares closed 0.95 percent higher Thursday thanks to a weaker yen, a jump on Wall Street driven by upbeat US jobs data and hopes for a resolution to Greece's debt crisis. The Nikkei 225 index at the Tokyo Stock Exchange gained 193.18 points to 20,52
Published 03 Jul, 2015 12:00am
Chinese stocks tumble again, ignoring Beijing's blandishments

Chinese stocks tumble again, ignoring Beijing's blandishments

China stocks fell sharply again on Thursday, fighting off fresh moves by regulators to restore confidence and raising questions about how much more firepower Beijing can bring to bear beforre a full-scale panic sets in Shanghai's benchmark share index cra
Published 03 Jul, 2015 12:00am
Thursday's early trade: stocks turn negative

Thursday's early trade: stocks turn negative

US stocks turned negative after the International Monetary Fund warned Greece may need a further large debt write-off, and weak US jobs data dampened the economic outlook. Six of the 10 major S&P sectors were in the red by midday, after opening positive.
Published 03 Jul, 2015 12:00am
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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