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Print - 2015-07-21
Loyalists battle rebel holdouts in Yemen's Aden

Loyalists battle rebel holdouts in Yemen's Aden

Yemeni loyalist forces said they advanced Monday into the last district of the southern port city of Aden still held by Iran-backed rebels, seeking to flush out the remaining insurgents. Fighters from the pro-government Popular Resistance "have regained c
Published 21 Jul, 2015 12:00am
Obama woos Nigeria's Buhari after historic poll

Obama woos Nigeria's Buhari after historic poll

Barack Obama welcomed Nigeria's freshly elected president to the White House on Monday, lending a personal endorsement after the country's first ever democratic transition. Obama praised the March vote as "an affirmation of Nigeria's commitment to democra
Published 21 Jul, 2015 12:00am
Manila to base jets, frigates near China-claimed waters

Manila to base jets, frigates near China-claimed waters

The Philippines plans to station fighter jets and frigates on a former US naval base facing the South China Sea, where it is engaged in a maritime row with China, a defence official said Monday. They will be located in Subic Bay, some 200 kilometres (125
Published 21 Jul, 2015 12:00am
Russian cheese smuggler was up to no gouda

Russian cheese smuggler was up to no gouda

Russian customs oficials said Monday they had foiled a bid to smuggle nearly half a tonne of cheese into the country from the European Union, whose food is subject to retaliatory sanctions. A man attempted to drive from Poland into the Russian exclave of
Published 21 Jul, 2015 12:00am
Senegal tries former Chad dictator in test for African justice

Senegal tries former Chad dictator in test for African justice

Chadian dictator Hissene Habre went on trial Monday in Senegal, a quarter of a century after his blood-soaked reign came to an end, in a prosecution seen as a test case for African justice. Once dubbed "Africa's Pinochet", the 72-year-old has been in cust
Published 21 Jul, 2015 12:00am
Angry French farmers blockade Mont St-Michel over food prices

Angry French farmers blockade Mont St-Michel over food prices

Hundreds of angry French farmers blocked roads across northern France on Monday, including access to Mont Saint-Michel, one of the country's top tourist spots, demanding higher milk and meat prices. The protests by dairy, pork and beef farmers have been b
Published 21 Jul, 2015 12:00am
EU moots new international formula to boost Middle East peace

EU moots new international formula to boost Middle East peace

The EU said Monday it will explore setting up a new international format to breathe life back into the stalled peace process between Israel and the Palestinians. EU foreign affairs chief Federica Mogherini, fresh from her role in the Iran nuclear deal, sa
Published 21 Jul, 2015 12:00am
British Prime Minister vows to 'de-glamorise' IS, tackle extremism

British Prime Minister vows to 'de-glamorise' IS, tackle extremism

British Prime Minister David Cameron said in a keynote speech Monday it was vital to "de-glamorise" the Islamic State group and promised to clamp down on extremists at home, including non-violent ones. Cameron said Islamist violence was driven by an ideol
Published 21 Jul, 2015 12:00am
French finance minister in hospital after breaking arm

French finance minister in hospital after breaking arm

French Finance Minister Michel Sapin has been hospitalised after breaking his arm while filling up at a service station in central France, his aides said Monday. The minister, who has been playing a key role in the recent negotiations over Greece, "slippe
Published 21 Jul, 2015 12:00am
Grenade thrown in Burundian capital on eve of key vote

Grenade thrown in Burundian capital on eve of key vote

Attackers in Burundi's capital hurled a grenade Monday without wounding anyone, the latest act in a spree of violence coming on the eve of controversial presidential elections. The grenade exploded on a street close to the symbolic Independence Square in
Published 21 Jul, 2015 12:00am
Comet probe Philae 'silent', ground control concerned

Comet probe Philae 'silent', ground control concerned

Europe's comet-riding robot lab Philae has fallen "silent", said ground controllers Monday who feared it may have shifted on the rough, alien surface, out of radio range. The latest data suggested the probe, perched on a comet streaking towards the Sun, m
Published 21 Jul, 2015 12:00am
Malaysia blocks UK-based whistle-blower website
Currency

Malaysia blocks UK-based whistle-blower website

Malaysian authorities said they had blocked a UK-based website that had published corruption allegations against Prime Minister Najib Razak, but the portal vowed Monday to press on with its exposes. The Sarawak Report website has recently published report
Published 21 Jul, 2015 12:00am
Uruguay to receive new group of Syrian refugees

Uruguay to receive new group of Syrian refugees

Uruguay will take in a new group of Syrian refugees by the end of the year, officials said Monday, adding that the country was committed to helping alleviate a humanitarian crisis. A total of 117 family members are being relocated to Uruguay from refugee
Published 21 Jul, 2015 12:00am
Dozens dead in clashes on Syria-Lebanon border

Dozens dead in clashes on Syria-Lebanon border

Almost 70 fighters have been killed in the two-week-old battle between pro-government forces and Islamist rebels for control of Zabadani on Syria's border with Lebanon, a monitoring group said Monday. The Syrian Observatory for Human Rights said 46 rebels
Published 21 Jul, 2015 12:00am
EU fails to reach migrant resettlement target

EU fails to reach migrant resettlement target

EU ministers failed to agree Monday on how to redistribute an agreed total of 40,000 Syrian and Eritrean migrants from overstretched Italy and Greece, officials said. They agreed to start relocating more than 32,000 of them around the 28-nation EU but fel
Published 21 Jul, 2015 12:00am
Cotton hits near three-month low amid broad commodities selloff
Cotton

Cotton hits near three-month low amid broad commodities selloff

Benchmark cotton futures on ICE fell on Monday to their lowest levels in nearly three months, as several commodities took sharp losses and the US dollar hit its highest level since April. "We had a risk-off day across the board," said Louis Rose, an indep
Published 21 Jul, 2015 12:00am
Shanghai copper falls

Shanghai copper falls

Shanghai Futures Exchange copper fell 1.7 percent to 39,800 yuan ($6,409) a tonne on Monday, trending towards six-year lows in the face of ample supply, stuttering demand growth in top user China and a stronger dollar. "It's all looking soggy." said Jonat
Published 21 Jul, 2015 12:00am
Copper steadies after hitting near two-week low

Copper steadies after hitting near two-week low

Copper hit its lowest in nearly two weeks on Monday as a strong dollar and a plunging gold price weighed, but it recovered to end flat as investors digested upbeat data from China and gains in Chinese and US equities. The dollar jumped to three-month high
Published 21 Jul, 2015 12:00am
Palm oil drops for third day on falling exports
Currency

Palm oil drops for third day on falling exports

Malaysian palm oil futures eased 0.14 percent on Monday, falling for a third consecutive session to their lowest level since July 9 as poor exports and a stronger dollar dragged down the market. Exports of Malaysian palm oil products for July 1-20 fell 15
Published 21 Jul, 2015 12:00am
China diesel sales shrink

China diesel sales shrink

China's diesel sales shrunk in June on slower economic growth and a rebound in oil prices, two state refining sources said on Monday, threatening to add to a global fuel glut as the country exports what it cannot absorb. Contraction in China's diesel dema
Published 21 Jul, 2015 12:00am
Raw sugar sinks, robusta jumps briefly
Currency

Raw sugar sinks, robusta jumps briefly

Raw sugar futures on ICE sank more than 4 percent on Monday, their biggest tumble in two months, on the strong US dollar, abundant supplies and in reaction to a sharp reduction in speculators' bearish position. Robusta coffee futures were firm but sharply
Published 21 Jul, 2015 12:00am
Gold plummets in Asia

Gold plummets in Asia

Gold's 4 percent slide in a matter of minutes on Monday came after a record 3.3 million lots of the metal, or about 33 tonnes, were traded on a key Shanghai physical contract, as top consumer China appears to be increasingly shunning bullion. The selling
Published 21 Jul, 2015 12:00am
Gold hits five-year low under $1,100 on Chinese selling

Gold hits five-year low under $1,100 on Chinese selling

Gold prices plunged as much as 4 percent to their lowest in more than five years on Monday as sellers in top consumer China offloaded the metal. Investors have been finding less and less reason to hold gold as an insurance against risk, with the dollar st
Published 21 Jul, 2015 12:00am
Gold's tumble poses problems for debt-laden Barrick

Gold's tumble poses problems for debt-laden Barrick

The plunging gold price poses more challenges for Barrick Gold, the world's largest gold producer, which is already shopping its assets and raising money to try to trim debt levels that stand well above those of its North American peers. Gold fell below t
Published 21 Jul, 2015 12:00am
PPP seeks applications for LG polls

PPP seeks applications for LG polls

Pakistan People's Party Karachi Division President Syed Najmi Alam has asked all those party men, who would be interested in contesting the forthcoming local bodies' elections in Sindh province in the month of September, to submit their applications along
Published 21 Jul, 2015 12:00am
Six of a family killed in train-car collision

Six of a family killed in train-car collision

At least six members of a family were crushed to death in an accident between their vehicle and the Karachi-bound Green Line train on Sunday at railway crossing in Pale Jani railway station yard, around 26 kilometres from Hyderabad. According to SSP Matia
Published 21 Jul, 2015 12:00am
Eid sales soar in a big way on Rangers' clampdown on outlaws

Eid sales soar in a big way on Rangers' clampdown on outlaws

Traders attribute Rangers untiring clampdown on outlaws to stem violence and unrest in the metropolis resultantly trigged Eid sales to a decade high to Rs 70 billion. Public continued to throng with families till late night before Eidul Fitr dawned as fea
Published 21 Jul, 2015 12:00am
15 rest-houses in Galliyat: Stakeholders take keen interest

15 rest-houses in Galliyat: Stakeholders take keen interest

The stakeholders and public have showed keen interest in the 15 refurbished rest houses in Galiyat region to get them on market rental rates as they are going to become operational in the current week. "We have a long list of aspirants who are eager to ge
Published 21 Jul, 2015 12:00am
Two picnickers drown

Two picnickers drown

Two picnickers drowned into a river in Thattha on Monday. On the other hand, a six-year-old boy drowned during the migration due to a flood in Miranpiur, Rojhan. Meanwhile, 49 villages have been disconnected from Miranpur and Sabzani. Rescue teams have be
Published 21 Jul, 2015 12:00am
Meeting with Khan of Kalat Special jirga sent to London: Dr Malik

Meeting with Khan of Kalat Special jirga sent to London: Dr Malik

Chief Minister Balochistan, Dr Abdul Malik Baloch has said the Federal and Provincial governments are serious in holding talks with those fighting with the state and for this purpose a special Jirga has been sent to London for meeting with Khan of Kalat.
Published 21 Jul, 2015 12:00am
Khurshid Shah seeks APC over foreign policy

Khurshid Shah seeks APC over foreign policy

Opposition Leader in National Assembly Syed Khurshid Shah on Sunday said he had demanded Prime Minister Nawaz Sharif to summon an All Parties Conference (APC) to formulate new foreign policy of the country. Talking to media after attending Eid reception b
Published 21 Jul, 2015 12:00am
People throng recreational places during Eid holidays

People throng recreational places during Eid holidays

Karachiites celebrated Eidul Fitr with due solemnity and religious fervour amid special security arrangements. Taking advantage of long Eid holidays, citizens along with their families not only visited their relatives to exchange greetings, but also thron
Published 21 Jul, 2015 12:00am
Karachi bourse posts record 381 million daily volume in Ramazan

Karachi bourse posts record 381 million daily volume in Ramazan

The just-concluded holy month of Ramazan saw the trading volumes at the record-breaking Karachi Stock Exchange (KSE), surpassing all previous barriers. While the daily share trading at the country's largest bourse registered an increase of 27 percent duri
Published 21 Jul, 2015 12:00am
DG Rangers visits installations, troops on border

DG Rangers visits installations, troops on border

The DG Rangers Sindh, Major General Bilal Akbar visited the rangers installations and troops deployed on border duties in the province, said a Sindh Rangers spokesman here on Sunday. He spent the second day of Eid with the rangers personnel on border.
Published 21 Jul, 2015 12:00am
Qaim denies any pressure regarding Rangers' deployment

Qaim denies any pressure regarding Rangers' deployment

Chief Minister Sindh Syed Qaim Ali Shah on Saturday said there was no pressure on Sindh government regarding Rangers' deployment and powers in Karachi. He said the bill on the powers of the Rangers and one-year extension would be approved by the Sindh Ass
Published 21 Jul, 2015 12:00am
Altaf for admitting Qamar Mansoor to hospital

Altaf for admitting Qamar Mansoor to hospital

MQM chief Altaf Hussain has demanded of Chief Minister Sindh Syed Qaim Ali Shah and Home Minister Anwar Sial to orders admitting detained MQM leader Qamar Mansoor to a hospital immediately for saving his life. In a statement, Hussain alleged that Qamar Ma
Published 21 Jul, 2015 12:00am
Qamar Mansoor remanded to Rangers' custody till July 23

Qamar Mansoor remanded to Rangers' custody till July 23

The Rangers on Monday produced Muttahida Qaumi Movement (MQM) Rabita committee member Qamar Mansoor in a local court which remanded him to their custody till July 23. He was arrested from the MQM headquarters Nine Zero on July 17 for arranging and facilit
Published 21 Jul, 2015 12:00am
Gujranwala Business Centre will provide single platform

Gujranwala Business Centre will provide single platform

The conversion of Gujranwala Business Centre set up by the Small and Medium Enterprises Development Authority (Smeda) at a cost of Rs 98.78 million, into an independent company is currently under process by the government departments concerned.
Published 21 Jul, 2015 12:00am
IDA plans to provide $75 million to project for TDPs

IDA plans to provide $75 million to project for TDPs

International Development Association (IDA) is planning to provide 75 million dollars for Fata Temporarily Displaced Persons (TDPs) Emergency Recovery Project to support the early recovery of families affected by the militancy crisis, promote child health
Published 21 Jul, 2015 12:00am
Olive cultivation: PODB launching post-Eid holiday drive in Waziristan

Olive cultivation: PODB launching post-Eid holiday drive in Waziristan

The Pakistan Oilseed Development Board (PODB) is launching a post-Eid holidays drive soon to mobilise farmers in Waziristan to grow olive plants for their economic uplift and activity generation for those getting back to their native places from internall
Published 21 Jul, 2015 12:00am
'Young entrepreneurs raise $600,000 investment'

'Young entrepreneurs raise $600,000 investment'

The Lahore University Of Management Sciences Centre for Entrepreneurship and Innovation has claimed that its young entrepreneurs have raised a $600,000 investment from local and foreign investors and that the combined valuation of businesses at which thes
Published 21 Jul, 2015 12:00am
Decision to dislodge NARC criticised

Decision to dislodge NARC criticised

Patron-in-Chief of Mango Growers Co-operative Society Limited and President Mango Growers Association Syed Zahid Hussain Gardezi has criticised the step of CDA to acquire land allotted to National Agriculture Research Council (NARC) to build residential a
Published 21 Jul, 2015 12:00am
Advisor spent two Eid days in hospitals

Advisor spent two Eid days in hospitals

Advisor on Health to Chief Minister Khawaja Salman Rafiq spent two days of Eid at the Mayo Hospital where he condoled with the families of the two children who died in a roof collapse in the Bhatti Gate. He told the hospital's administration to shift the
Published 21 Jul, 2015 12:00am
Nation standing behind armed forces: Hamza

Nation standing behind armed forces: Hamza

Politician Hamza Shahbaz, who spoke to the media while doling out gifts to children undergoing treatment in the Children Hospital on the Eid Day, said the elimination of terror was the top priority of the national leadership.
Published 21 Jul, 2015 12:00am
Pleasant weather adds to Eid festivities

Pleasant weather adds to Eid festivities

The early morning rain on second day of Eid-ul-Fitr turned the weather pleasant in twin cities of Islamabad and Rawalpindi, giving additional charm and incentive for people to fully enjoy holidays at parks and public places. Taking full advantage of the n
Published 21 Jul, 2015 12:00am
Pasban leader, son arrested by Rangers

Pasban leader, son arrested by Rangers

Sindh Rangers on Monday arrested Pasban's general secretary, Usman Muazzam Siddiqui and his son in a pre-dawn raid on their residence in Federal B' Area. However, the reason for their arrests was not disclosed by the paramilitary forces. Disclosing this a
Published 21 Jul, 2015 12:00am
Former pilots on contractual basis: Palpa at loggerheads with PIA

Former pilots on contractual basis: Palpa at loggerheads with PIA

Pakistan International Airline (PIA) and Pakistan Air Line Pilots' Association (Palpa) are at loggerheads over the proposal to appoint retired pilots on contractual basis. According to sources, although there was an excess pilots in the airline, the gover
Published 21 Jul, 2015 12:00am
Prime Minister returns home

Prime Minister returns home

Prime Minister Nawaz Sharif retuned home on Sunday along with his family members after performing Umrah in Saudi Arabia. Before embarking on the plane to Pakistan, the Premier talking to a Pakistani TV channel said during his Umrah, he prayed for Pakistan
Published 21 Jul, 2015 12:00am
Police kill notorious hitman

Police kill notorious hitman

A notorious hitman, Abid Kulachi, was killed in an encounter with police in Jatoi on Monday. According to police, Kulachi was trying to flee along with his seven accomplices after injuring the complainant of a murder case in Jahanpur (Jatoi). District Pol
Published 21 Jul, 2015 12:00am
Train derails

Train derails

Multan bound Mehr Express coming from Rawalpindi via Kundian derailed at Muzaffargarh Railway Station followed by oil-cargo train which derailed some hours before at same point. Railways authority said that general manager has ordered an inquiry into the
Published 21 Jul, 2015 12:00am
FC operation in Awaran: several militants killed; weapons recovered

FC operation in Awaran: several militants killed; weapons recovered

Several militants including key commanders of a banned outfit, Baloch Liberation Front (BLF) were killed during an operation in Awaran area of Balochistan. According to Balochistan Home Ministry, Frontier Constabulary (FC) has launched search operation in
Published 21 Jul, 2015 12:00am
Demo held against 'custodial killing'

Demo held against 'custodial killing'

Family members of the deceased Sajid Ishaq who was allegedly killed in a police encounter in Orangi Town, held protest near Guru Mandir at MA Jinnah Road, here on Monday. The participants of the demonstration said that Sajid was allegedly arrested by poli
Published 21 Jul, 2015 12:00am
Government to increase textile exports to $26 billion

Government to increase textile exports to $26 billion

The government has prepared a plan to increase textile exports from the existing 13billion dollars to twenty-six billion dollars in the next five years. Under the plan, special incentives would be given to small and medium enterprises.
Published 21 Jul, 2015 12:00am
Voters verification: ECP begins display of rolls

Voters verification: ECP begins display of rolls

The Election Commission of Pakistan (ECP) will display Provisional Electoral Rolls (PERs) in various cities of Punjab and Sindh from Tuesday (July 21). According to a notification, the voters' lists could be inspected in the offices of Registration Office
Published 21 Jul, 2015 12:00am
E-commerce industry needs some fixes as appropriate actions

E-commerce industry needs some fixes as appropriate actions

The e-commerce industry in Pakistan that has been on the rise in past one year or so needs some fixes as appropriate actions during next few months would determine its future. The field of electronic commerce is relatively new and its usages are alien to
Published 21 Jul, 2015 12:00am
Qadri threatens to protest against 'toothless' LBs

Qadri threatens to protest against 'toothless' LBs

The Pakistan Awami Tehreek has warned that if the local bodies are defied of powers as written in the Constitution, the party will not hesitate in taking to the streets. The warning came from party Chairman Dr Tahirul Qadri who said on Monday, "The local
Published 21 Jul, 2015 12:00am
Khursheed Shah, Qayyoum condole with Ayaz Soomro

Khursheed Shah, Qayyoum condole with Ayaz Soomro

Leader of the Opposition in National Assembly (NA) Syed Khursheed Ahmed Shah, and Advisor to Sindh Chief Minister for Auqaf, Zakat & Usher and Religious Affairs, Dr Abdul Qayyoum Soomro on Monday visited the Soomro House Larkana and held a meeting with MN
Published 21 Jul, 2015 12:00am
KE be placed under Sindh government: PPP senators

KE be placed under Sindh government: PPP senators

The senators belonging to Pakistan People's Party (PPP) have sought cancellation of Karachi Electric's (KE's) privatisation and its control be placed under Sindh government. Parliamentary Leader of PPP in the Senate, Senator Saeed Ghani, Senator Taj Haide
Published 21 Jul, 2015 12:00am
Yasin Malik boycotts High Commission's Eid Milan function

Yasin Malik boycotts High Commission's Eid Milan function

Chairman of pro-independence Jammu and Kashmir Liberation Front (JKLF) Yasin Malik has decided to boycott the 'Eid Milan' function which will be hosted by the Pakistani High Commission in New Delhi. The surprise decision came after a marathon meeting betw
Published 21 Jul, 2015 12:00am
IGP hails Capital police for effective security on Eid

IGP hails Capital police for effective security on Eid

Police made best possible security arrangements on during Eid-ul-Fitr holidays in Capital and the officers and Jawans performed their duties with dedication and commitment in order to ensure protection to the lives and property of the citizens. This was s
Published 21 Jul, 2015 12:00am
Muslims in Xinjiang observed Ramazan with religious fervour

Muslims in Xinjiang observed Ramazan with religious fervour

As Ramadan has ended, researchers from Xinjiang Academy of Social Sciences recently concluded a tour of the region to look into local Muslims' life during the holy month. "It's been a very peaceful and harmonious Ramazan for Muslims. We should help the wo
Published 21 Jul, 2015 12:00am
Two bodies of women identified

Two bodies of women identified

Two dead bodies of women, found from Palosai graveyard in Peshawar, were identified here on Monday. According to police sources, the dead bodies found from Palosai graveyard before the Eid, were identified. Both women were nurses in Hayatabad Medical Comp
Published 21 Jul, 2015 12:00am
Six killed, 15 injured in Swat

Six killed, 15 injured in Swat

At least six persons were killed and 15 others injured in different accidents in Swat on last Saturday. There were women among the injured as well, local authorities reported. According to Charbagh police officials, four passengers died on the spot and 12
Published 21 Jul, 2015 12:00am
SP Bannu killed in Swabi

SP Bannu killed in Swabi

A Superintendent of Police (SP) Elite Force Bannu Hairul Haseeb was killed on last Saturday in Saleem Khan area of Swabi district. According to District Police Officer Swabi Sajjad Khan, Hairul Haseeb was on his way to home from a mosque after offering mo
Published 21 Jul, 2015 12:00am
Government to introduce new BISP products for poor women: Marvi

Government to introduce new BISP products for poor women: Marvi

The Federal government is seriously contemplating to introduce new BISP products which include provision of loans and skill training to poor women across the country. These new products will be introduced under the Benazir Income Support Programme for ame
Published 21 Jul, 2015 12:00am
KP chief minister directs restoration of communication

KP chief minister directs restoration of communication

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has ordered immediate measures for restoration of roads, bridges and water supply schemes that were damaged by recent torrential rains in district Chitral. He also directed the Provincial Disaster Managemen
Published 21 Jul, 2015 12:00am
QWP chief visits monument of APS students

QWP chief visits monument of APS students

Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao visited Yadgar-e-Shuhada monument of Army Public School (APS) and paid homage to the students for their sacrifices. He said the nation would not forget the blood of our children killed by terrorist
Published 21 Jul, 2015 12:00am
Terror bids foiled in Tank, Kurram agency

Terror bids foiled in Tank, Kurram agency

Two separate terror bids were foiled on last Sunday when security personnel defused bombs in Tank and lower Kurram Agency. Personnel of police, Bomb Disposal Sqaud (BDS) and Pakistan Army reached the spot as soon information was received of a bomb at an I
Published 21 Jul, 2015 12:00am
Supreme Court constitutes two benches

Supreme Court constitutes two benches

The Supreme Court has constituted two benches for hearing important cases during the week commencing from July 22, 2015. The first three-member bench comprising Chief Justice Nasirul Mulk, Justice Amir Hani Muslim and Justice Ejaz Afzal Khan will hear a n
Published 21 Jul, 2015 12:00am
Pakistan condemns Turkish terror attack

Pakistan condemns Turkish terror attack

Pakistan on Monday strongly condemned the terrorist attack in Turkish border city, Suruc, leaving at least 28 people dead and 100 injured. "We condemn in the strongest terms the terrorist attack that took place in Suruc, Sanliurfa Province of Turkey on Mo
Published 21 Jul, 2015 12:00am
Oil prices dip below $50 on ample supply, strong dollar

Oil prices dip below $50 on ample supply, strong dollar

Oil futures fell on Monday and US crude slipped below $50 a barrel intraday as ample supply, the prospect of more Iranian crude for export and a strengthening dollar combined to pressure prices. US refined-products futures also oscillated. An increasing s
Published 21 Jul, 2015 12:00am
Wheat falls to lowest since late June

Wheat falls to lowest since late June

Chicago Board of Trade wheat futures sank 2.5 percent on Monday to their lowest in more than three weeks, on track for their fifth straight losing session on pressure from dollar strength and a pick-up in the pace of harvest, traders said. Soyabean and co
Published 21 Jul, 2015 12:00am
US MIDDAY: gold plunges

US MIDDAY: gold plunges

Gold prices plunged more than 4 percent to five-year lows on Monday as a sudden bout of selling across Shanghai and New York markets during the illiquid early Asian trading hours triggered a mini flash crash, deepening bullion's biggest rout in years. A w
Published 21 Jul, 2015 12:00am
Diplomacy is an art

Diplomacy is an art

That diplomacy is an art that has found its best expression in the clarification of Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz. Dispelling the impression that Kashmir issue was put on the back burner during Prime Mi
Published 21 Jul, 2015 12:00am
Musicians calm stretched nerves of traumatised children in Gaza

Musicians calm stretched nerves of traumatised children in Gaza

In the rubble of eastern Gaza City's Sheja'eyah neighbourhood, flattened during last summer's Israel-Gaza war, Sarah Aburamadan and five other musicians remove drums, a violin and a keyboard from their black bags in front of a group of children. "How are
Published 21 Jul, 2015 12:00am
Greek islanders desperate as crisis strikes from all sides

Greek islanders desperate as crisis strikes from all sides

Guests are coming to the Greek island of Thassos, but not enough of them. And certainly not enough of the big spenders who would ease Greek fears in the face of yet another wave of austerity brought on by Greece's persistent economic crisis. The beaches d
Published 21 Jul, 2015 12:00am
The 'beyond reproach' elite

The 'beyond reproach' elite

The question that bothers all humans is whether anyone of them can claim immunity. Unless we deny the cosmic reality- to err is human - none can claim having unquestionable wisdom and thus being beyond reproach. Yet, the law still grants this exalted stat
Published 21 Jul, 2015 12:00am
The languages issue

The languages issue

The government recently informed a three-member Supreme Court bench hearing a constitutional petition about Urdu as official language that within the next three months all government and semi-government organisations are to use Urdu to conduct office busi
Published 21 Jul, 2015 12:00am
Explanation and elaboration

Explanation and elaboration

In today's world, influenced and indoctrinated as it is by the media, perception is more important than reality. This the managers of Pakistan's foreign policy seemed to have learnt as they came under a sharp attack by their detractors for 'conceding' to
Published 21 Jul, 2015 12:00am
Eyeing Russia, US leads fresh military drills in Ukraine

Eyeing Russia, US leads fresh military drills in Ukraine

Ukrainian and US troops launched fresh drills Monday near the war-torn country's Polish border in a bid to show unity and resolve in the face of an increasingly defiant Kremlin. The annual Rapid Trident exercises involve 1,800 soldiers from 18 countries a
Published 21 Jul, 2015 12:00am
Russia submits alternative UN resolution on MH17

Russia submits alternative UN resolution on MH17

Russia said Monday it has introduced an alternative UN resolution opposed to creating a tribunal that would prosecute those responsible for the downing of Malaysia Airlines flight MH17 over rebel-held east Ukraine. The Netherlands, whose citizens made up
Published 21 Jul, 2015 12:00am
UAE imposes harsh penalties for religious crimes

UAE imposes harsh penalties for religious crimes

The United Arab Emirates on Monday announced new legislation imposing harsh sentences including the death penalty for crimes related to religious hatred and Sunni extremism. A presidential decree criminalises any act that stirs religious hatred and also p
Published 21 Jul, 2015 12:00am
Judge to quiz ex-IMF head Rato in latest fraud case

Judge to quiz ex-IMF head Rato in latest fraud case

A Spanish judge Monday summoned ex-head of the International Monetary Fund Rodrigo Rato for questioning over alleged money-laundering, the latest in a string of court cases targeting him. In April tax authorities searched Rato's Madrid home and offices an
Published 21 Jul, 2015 12:00am
EU vows new support for Tunisia after tourist attack

EU vows new support for Tunisia after tourist attack

The European Union (EU) promised Monday to boost political and economic support for Tunisia to ensure its transition to democracy was not derailed by last month's deadly attack on a tourist resort. The attack on the resort of Sousse left 38 tourists dead,
Published 21 Jul, 2015 12:00am
Hawking launches biggest-ever search for alien life

Hawking launches biggest-ever search for alien life

British cosmologist Stephen Hawking launched Monday the biggest-ever search for intelligent extraterrestrial life in a 10-year, $100-million (92-million-euro) project to scan the heavens. Russian Silicon Valley entrepreneur Yuri Milner, who is funding the
Published 21 Jul, 2015 12:00am
US sets capital surcharges for largest 8 banks

US sets capital surcharges for largest 8 banks

The US Federal Reserve set Monday tough new capital surcharges for the country''s eight largest banks in a new post-economic crisis effort to reel in "too-big-to-fail" institutions. But of the eight, only one is currently below the new capital threshold:
Published 21 Jul, 2015 12:00am
US sets capital surcharges for largest 8 banks

US sets capital surcharges for largest 8 banks

The US Federal Reserve set Monday tough new capital surcharges for the country's eight largest banks in a new post-economic crisis effort to reel in "too-big-to-fail" institutions. But of the eight, only one is currently below the new capital threshold: J
Published 21 Jul, 2015 12:00am
US sets capital surcharges for largest 8 banks

US sets capital surcharges for largest 8 banks

The US Federal Reserve set Monday tough new capital surcharges for the country's eight largest banks in a new post-economic crisis effort to reel in "too-big-to-fail" institutions. But of the eight, only one is currently below the new capital threshold: J
Published 21 Jul, 2015 12:00am
SSGC, SNGPL seek 45 percent increase in gas price

SSGC, SNGPL seek 45 percent increase in gas price

Sui Northern Gas Pipelines Limited (SNGPL) and Sui-Southern Gas Company (SSGC) have requested the government to approve increase in gas prices by at least 45 percent, saying that as a result of consumer gas price freeze the distribution companies'' debt h
Published 21 Jul, 2015 12:00am
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