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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-10-16
Persistent demand boosts prices
Cotton

Persistent demand boosts prices

Persistent demand boosted the rates on the cotton market on Thursday after some encouraging news coming up regarding relief package and fresh rains and snow fall in the Punjab cotton producing areas, dealers said. Resulting, the official spot rate was hig
Published 16 Oct, 2015 12:00am
Crop concerns keep cotton prices higher
Cotton

Crop concerns keep cotton prices higher

Fears of the short crop during the current season are keeping cotton prices at high levels. According to current reckoning, Pakistan may produce around 12.5 million bales of cotton (155 Kgs) during the current season (August 2015 / July 2016) on an ex-gin
Published 16 Oct, 2015 12:00am
Crop concerns keep cotton prices higher
Cotton

Crop concerns keep cotton prices higher

Fears of the short crop during the current season are keeping cotton prices at high levels. According to current reckoning, Pakistan may produce around 12.5 million bales of cotton (155 Kgs) during the current season (August 2015 / July 2016) on an ex-gin
Published 16 Oct, 2015 12:00am
Zurich Insurance to cut nearly 10 percent of staff in Germany

Zurich Insurance to cut nearly 10 percent of staff in Germany

Zurich Insurance Group plans to cut up to 500 jobs from its 5,500-member workforce in Germany over the next two years as it consolidates operations, the Swiss insurer said, confirming German media reports. A company spokesman in Germany said the programme
Published 16 Oct, 2015 12:00am
India's exports fall, 10th straight monthly decline

India's exports fall, 10th straight monthly decline

India's exports of goods shrank by nearly a quarter in September from a year ago, falling for a 10th straight month and threatening Prime Minister Narendra Modi's goal of boosting economic growth through manufacturing. India's economy, Asia's third larges
Published 16 Oct, 2015 12:00am
Global economic slowdown in real danger of persisting

Global economic slowdown in real danger of persisting

The global economic slowdown shows a clear risk of extending into next year, along with an even more prolonged period of disinflation, according to the overwhelming majority of nearly 300 economists polled by Reuters around the world. That threat, flagged
Published 16 Oct, 2015 12:00am
Lockheed to cut 250 jobs

Lockheed to cut 250 jobs

Lockheed Martin Corp on Thursday said it plans to cut 250 jobs in its Missiles and Fire Control business by late November as part of an overall "belt tightening" drive. Lockheed confirmed the news, which was first announced to workers this week, in a stat
Published 16 Oct, 2015 12:00am
Goldman profit plunges as market turmoil hits bond trading
Currency

Goldman profit plunges as market turmoil hits bond trading

Goldman Sachs Group Inc's profit plunged for the second straight quarter as bond trading revenue fell by a third amid market turmoil stemming from concerns about global growth. Revenue fell in all of the bank's major businesses except investment banking,
Published 16 Oct, 2015 12:00am
Goldman profit plunges as market turmoil hits bond trading
Currency

Goldman profit plunges as market turmoil hits bond trading

Goldman Sachs Group Inc's profit plunged for the second straight quarter as bond trading revenue fell by a third amid market turmoil stemming from concerns about global growth. Revenue fell in all of the bank's major businesses except investment banking,
Published 16 Oct, 2015 12:00am
Gasoline weighs on US consumer prices, but inflation set to rise

Gasoline weighs on US consumer prices, but inflation set to rise

US consumer prices recorded their biggest drop in eight months in September as the cost of gasoline fell, but a steady pick-up in the prices of other goods and services suggested inflation was poised to rise. There was good news on the labour market, with
Published 16 Oct, 2015 12:00am
Citigroup profit soars as lower costs trump revenue fall

Citigroup profit soars as lower costs trump revenue fall

Citigroup Inc, the No 3 US bank by assets, reported a 51 percent jump in quarterly profit as lower costs more than made up for a fall in revenue amid increased market volatility and uncertainty about the timing of a US interest rate hike. Citi's legal and
Published 16 Oct, 2015 12:00am
Citigroup profit soars as lower costs trump revenue fall

Citigroup profit soars as lower costs trump revenue fall

Citigroup Inc, the No 3 US bank by assets, reported a 51 percent jump in quarterly profit as lower costs more than made up for a fall in revenue amid increased market volatility and uncertainty about the timing of a US interest rate hike. Citi's legal and
Published 16 Oct, 2015 12:00am
China approves 218 projects worth $285 billion in January-September

China approves 218 projects worth $285 billion in January-September

China's economic planner said it approved 218 fixed-asset projects worth 1.81 trillion yuan ($285.3 billion) in the first nine months of the year, as Beijing looks to drive infrastructure investment to support slowing economic growth. The highest number o
Published 16 Oct, 2015 12:00am
China new loans surge in September

China new loans surge in September

Lending by Chinese banks surged by far more than expected in September, with 1.05 trillion yuan ($165.47 billion) in new yuan loans extended following moves to stop the economy slowing by cutting interest rates and prioritising infrastructure projects. Ch
Published 16 Oct, 2015 12:00am
EU countries to fast-track capital markets union plan

EU countries to fast-track capital markets union plan

European Union countries intend to fast-track a plan to boost capital markets that would give the utmost priority to measures aimed at revamping securitisation, the rotating president of the bloc will say on Thursday during a summit of EU leaders. The EU
Published 16 Oct, 2015 12:00am
Canadian home prices extend climb in September, but sales cool

Canadian home prices extend climb in September, but sales cool

A prolonged housing boom in Canada showed signs of slowing in September as home resales fell from a month earlier, especially in the energy capital of Calgary, even as low interest rates lifted national house prices. Canadian home prices rose 0.6 percent
Published 16 Oct, 2015 12:00am
Fitch cuts Brazil rating, says investment grade at risk

Fitch cuts Brazil rating, says investment grade at risk

Fitch Ratings on Thursday cut Brazil's credit rating to the brink of junk, warning the country could soon lose its coveted investment grade rating as government finances deteriorate amid a prolonged recession and persistent political uncertainty. Fitch cu
Published 16 Oct, 2015 12:00am
Saudi Kayan pulls down kingdom's bourse

Saudi Kayan pulls down kingdom's bourse

Shares in Saudi Arabian petrochemical manufacturer Saudi Kayan tumbled on Thursday after it swung to a third-quarter loss, pulling down the kingdom's index. Most Middle East bourses - apart from in Saudi Arabia and Qatar - were closed for Islamic New Year
Published 16 Oct, 2015 12:00am
Indian shares gain nearly one percent

Indian shares gain nearly one percent

Indian shares rose nearly 1 percent on Thursday, on track to snap a three-session losing streak, as consumer stocks gained on hopes lower inflation and a larger-than-expected rate cut by the central bank in September would boost spending in the coming fes
Published 16 Oct, 2015 12:00am
Thursday's early afternoon trade: stocks rise after Citi results

Thursday's early afternoon trade: stocks rise after Citi results

US stocks looked set to snap a two-day losing streak on Thursday after Citigroup led a recovery in financial stocks and investors absorbed mixed economic data. As the earnings season gathers steam, investors will be scrutinising quarterly results and fore
Published 16 Oct, 2015 12:00am
Wall Street falls after Wal-Mart's weak forecast

Wall Street falls after Wal-Mart's weak forecast

US stocks fell on Wednesday as Wal-Mart Stores Inc skidded after issuing a weak profit forecast and as JPMorgan Chase & Co slipped on disappointing results. The news added to worries about the outlook for US earnings, with Standard & Poor's 500 profits fo
Published 16 Oct, 2015 12:00am
Sri Lankan stocks at three-month low

Sri Lankan stocks at three-month low

Sri Lankan shares fell for a third straight session and closed at their lowest level in three months on Thursday as investors waited for clues from government policies and budget, brokers said. The main stock index ended 0.14 percent, or 9.87 points, weak
Published 16 Oct, 2015 12:00am
Treasury yields fall

Treasury yields fall

US Treasury yields hit their lowest levels in over a week on Wednesday after weaker-than-expected US retail sales and producer prices data supported views the Federal Reserve would delay a rate hike until 2016. The Commerce Department said retail sales ed
Published 16 Oct, 2015 12:00am
Treasury yields fall

Treasury yields fall

US Treasury yields hit their lowest levels in over a week on Wednesday after weaker-than-expected US retail sales and producer prices data supported views the Federal Reserve would delay a rate hike until 2016. The Commerce Department said retail sales ed
Published 16 Oct, 2015 12:00am
German yields near two-week lows

German yields near two-week lows

The prospect of more European Central Bank easing kept German yields near two-week lows on Thursday, even as the United States posted stronger-than-expected core inflation. ECB governing council member Ewald Nowotny, who is also Austria's central bank gov
Published 16 Oct, 2015 12:00am
German yields near two-week lows

German yields near two-week lows

The prospect of more European Central Bank easing kept German yields near two-week lows on Thursday, even as the United States posted stronger-than-expected core inflation. ECB governing council member Ewald Nowotny, who is also Austria's central bank gov
Published 16 Oct, 2015 12:00am
Nikkei moves higher

Nikkei moves higher

Japanese stocks rose on Thursday as investors who wanted to limit risk bought into defensive shares. The Nikkei share average gained 1.2 percent to close at 18,096.90. Japanese manufacturers' confidence worsened in October, a Reuters poll showed, adding t
Published 16 Oct, 2015 12:00am
Hong Kong shares rally

Hong Kong shares rally

Hong Kong stocks jumped 2 percent to near two-month highs on Thursday, lifted by bullishness in mainland markets and increased expectations that Beijing will make fresh stimulus moves. The Hang Seng index rose 2.0 percent, to 22,884.49, the highest close
Published 16 Oct, 2015 12:00am
China stocks rise sharply on stimulus hopes

China stocks rise sharply on stimulus hopes

China stocks regained upward momentum on Thursday, jumping over 2 percent amid signs that money has begun to flow back into equities, while the holding of a key Communist Party meeting later this month has raised expectations of fresh stimulus. The CSI300
Published 16 Oct, 2015 12:00am
European shares led higher by Casino, Unilever

European shares led higher by Casino, Unilever

European shares rose on Thursday, bouncing back after three days of losses, with retailer Casino and consumer goods maker Unilever lifted by positive results. The pan-European FTSEurofirst 300 index closed up 1.4 percent at 1,425.44 points, while the euro
Published 16 Oct, 2015 12:00am
Australian shares recover, NZ stocks jump

Australian shares recover, NZ stocks jump

Australian shares bounced on Thursday following three sessions of declines, though gains were capped by expectations some major banks may seek to raise their capital further. The S&P/ASX 200 index rose 0.6 percent to 5,230 at the close of trade, pulling a
Published 16 Oct, 2015 12:00am
Southeast Asian stocks rise; Thai index at 2-month high

Southeast Asian stocks rise; Thai index at 2-month high

Southeast Asian stock markets rose on Thursday as hopes of a delay in Fed rate hike brought foreign inflows to the region, bringing the Thai index to a more than two-month high and helping most other regional indexes recoup some recent losses. The SET ind
Published 16 Oct, 2015 12:00am
FTSE ends higher, with help from ARM, Hargreaves

FTSE ends higher, with help from ARM, Hargreaves

Britain's top equity index closed higher on Thursday, with companies like ARM Holdings and Hargreaves Lansdown gaining as their outlooks improved, although luxury-goods group Burberry slumped after its sales figures missed forecasts. ARM Holdings gained 5
Published 16 Oct, 2015 12:00am
Dollar nurses sharp losses in Asia

Dollar nurses sharp losses in Asia

The dollar wallowed around seven-week lows against a basket of currencies in Asian trading on Thursday, after weak US sales data prompted investors to scale back bets that the US Federal Reserve would hike interest rates by the end of 2015. The dollar ind
Published 16 Oct, 2015 12:00am
Nowotny easing talk nudges euro lower in Europe
Currency

Nowotny easing talk nudges euro lower in Europe

The dollar repelled an attack by the euro on $1.15 on Thursday, helped by comments by European Central Bank policymaker Ewald Nowotny, who said it was "obvious" the bank must search for more ways to stimulate the euro zone economy. The dollar has fallen a
Published 16 Oct, 2015 12:00am
Dollar sags to seven-week low in New York
Currency

Dollar sags to seven-week low in New York

The dollar sank to a seven-week low against a basket of currencies on Wednesday as more signs of slowing growth in the United States and China raised doubts the US Federal Reserve will raise interest rates later this year. A late sell-off on Wall Street s
Published 16 Oct, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 77.80-77.80 (previous 77.80-77.80). 05.30-06.50 percent. (Previous 05.30-06.50 percent).
Published 16 Oct, 2015 12:00am
Rupiah, won lead Asia FX gains
Currency

Rupiah, won lead Asia FX gains

Emerging Asian currencies rallied on Thursday as weak US sales data increased doubts over whether the Federal Reserve will raise interest rates before the end of this year, sending the dollar to seven-week lows. The Indonesian rupiah hit its strongest in
Published 16 Oct, 2015 12:00am
Yuan inches up

Yuan inches up

China's yuan rose slightly on Thursday after the dollar weakened in global markets on poor US data and after the central bank set a slightly stronger official midpoint. "The dollar slid against most currencies after the data, with its weakness spilling ov
Published 16 Oct, 2015 12:00am
Sterling retreats
Currency

Sterling retreats

Sterling retreated from three-week highs against the dollar on Thursday, after a stronger-than-expected rise in core US consumer prices in September revived bets inflation is edging closer to the Federal Reserve's two percent target. The core consumer pri
Published 16 Oct, 2015 12:00am
Aussie, kiwi jump

Aussie, kiwi jump

The Australian dollar edged up on Thursday following a mixed jobs report, while its New Zealand counterpart powered to three-month highs as investors pared wagers on a near-term rate cut. The Aussie firmed to $0.7320 by midday after rising as high as $0.7
Published 16 Oct, 2015 12:00am
Shanghai copper climbs

Shanghai copper climbs

Shanghai Futures Exchange copper climbed 0.8 percent to 40,020 yuan ($6,304) a tonne on Thursday while ShFE tin rallied 1.6 percent amid a shortfall in futures positions, despite ample physical supply. Many miners said they were reconsidering production p
Published 16 Oct, 2015 12:00am
Copper rises on mining cutback hopes
Currency

Copper rises on mining cutback hopes

Copper rose on Thursday on hopes for further production cuts from miners, but a rebound in the dollar kept a lid on gains. Benchmark copper on the London Metal Exchange closed 0.2 percent higher at $5,308 a tonne, after climbing near a four-week high earl
Published 16 Oct, 2015 12:00am
Rubber rises

Rubber rises

The benchmark rubber future price in Tokyo ended up 0.4 percent on Thursday, erasing early losses, as firm equities in Japan and China offset a stronger yen. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast
Published 16 Oct, 2015 12:00am
Wheat falls on technical selling

Wheat falls on technical selling

US soft red wheat futures fell 2 percent on Wednesday on profit-taking coupled with forecasts for beneficial rains next week in parts of the southern Plains and the Black Sea region, analysts said. Corn fell in sympathy with wheat and amid US harvest prog
Published 16 Oct, 2015 12:00am
Palm oil falls
Vegetable Oil

Palm oil falls

Malaysian palm oil futures fell on Thursday, partly reversing steep gains in the previous session, as the market tracked the volatile ringgit. The benchmark December palm oil contract on the Bursa Malaysia Derivatives Exchange lost 1.4 percent at the end
Published 16 Oct, 2015 12:00am
Coffee extends fall, sugar steadies

Coffee extends fall, sugar steadies

Arabica coffee futures on ICE fell further on Thursday from this week's two-month high, as forecasts for possible rain later this month in top producer Brazil eased crop output concerns following weeks of dryness. Raw sugar futures pared gains after faili
Published 16 Oct, 2015 12:00am
Gold rallies in New York

Gold rallies in New York

Gold rallied to 3-1/2 month highs on Wednesday, as soft US data and concerns over deflationary pressures in China fuelled expectations the US Federal Reserve will hold off raising interest rates, pressuring stocks and the dollar. Spot gold peaked at $1,18
Published 16 Oct, 2015 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold held near a 3-1/2-month high on Thursday, following a four-day rally, as sluggish economic data from China and the United States stoked speculation the Federal Reserve will not raise rates this year. Spot gold steadied at $1,185.10 an ounce by 0639 G
Published 16 Oct, 2015 12:00am
Gold slips in Europe

Gold slips in Europe

Gold retreated from the previous session's 3-1/2 month high on Thursday after a stronger than expected reading of US inflation drove the dollar higher versus the euro. The data, which showed a steady pick-up in underlying price pressures, revived speculat
Published 16 Oct, 2015 12:00am
Saudi's Naimi says sees oil demand improving

Saudi's Naimi says sees oil demand improving

Saudi Oil Minister Ali al-Naimi said on Thursday he saw signs of global oil demand improving despite the economic slowdown in China and that the market's supply/demand balance would shortly move more into line. Oil prices have almost halved in the past ye
Published 16 Oct, 2015 12:00am
Swiss approve extradition of ex-FIFA official Rocha to US

Swiss approve extradition of ex-FIFA official Rocha to US

Switzerland's Federal Office of Justice (FOJ) on Thursday approved the extradition of ex-FIFA official Julio Rocha to the United States, one of seven people arrested at a Zurich hotel in May as part of a clampdown on alleged corruption in soccer. The Unit
Published 16 Oct, 2015 12:00am
Prince Ali formally submits candidature for FIFA presidency

Prince Ali formally submits candidature for FIFA presidency

Prince Ali Bin Al Hussein of Jordan formally submitted his candidature on Thursday to replace Sepp Blatter as FIFA president, he said in a statement. "This time of crisis at FIFA is an opportunity for positive change," Prince Ali said in a statement. "Man
Published 16 Oct, 2015 12:00am
UEFA wants fast decision for Platini, no delay for FIFA election

UEFA wants fast decision for Platini, no delay for FIFA election

European soccer governing body UEFA called for a rapid decision in the case of its suspended president Michel Platini on Thursday and said the FIFA presidential election should go ahead in February as planned. "We strongly call on all instances in the cur
Published 16 Oct, 2015 12:00am
Herath strikes after centurions lead Sri Lanka to 484

Herath strikes after centurions lead Sri Lanka to 484

Opener Dimuth Karunaratne missed out on a maiden double hundred but his 238-run stand with fellow centurion Dinesh Chandimal set up Sri Lanka's first-innings total of 484 on day two against West Indies in the opening test at Galle on Thursday. West Indies
Published 16 Oct, 2015 12:00am
Liverpool's Ings out for rest of the season

Liverpool's Ings out for rest of the season

Danny Ings, who won his first England cap on Monday, has suffered a cruciate knee ligament injury in training and will be out for the rest of the season, according to British media reports on Thursday. The 23-year-old forward, who joined Liverpool from Bu
Published 16 Oct, 2015 12:00am
India team manager fined for comments against umpire

India team manager fined for comments against umpire

The India team manager has been fined 40 percent of his match fee for making inappropriate comments about an umpire during the hosts' ongoing series against South Africa, the International Cricket Council (ICC) said on Thursday. Vinod Phadke told a websit
Published 16 Oct, 2015 12:00am
India paceman Zaheer Khan retires from internationals

India paceman Zaheer Khan retires from internationals

Zaheer Khan, one of India's most successful fast bowlers, announced his retirement from international cricket on Thursday but says he will continue to play the domestic Twenty20 form of the game for one more season. The 37-year-old left-arm paceman, who w
Published 16 Oct, 2015 12:00am
Tokyo chief vows Olympic stadium on track

Tokyo chief vows Olympic stadium on track

Tokyo's scandal-tinged Olympic stadium will be completed in time for the 2020 games, the city's governor said Wednesday, as London mayor Boris Johnson warned of the pitfalls of "playing politics" when hosting the competition. Japan's preparations for the
Published 16 Oct, 2015 12:00am
Easy for Djokovic but Murray claws past Isner in Shanghai

Easy for Djokovic but Murray claws past Isner in Shanghai

Novak Djokovic sauntered past Spaniard Feliciano Lopez to reach the quarter-finals of the Shanghai Masters on Thursday but Andy Murray had to claw past big-serving American John Isner after losing a first-set tiebreaker. Dominant world number one Djokovic
Published 16 Oct, 2015 12:00am
Nepal players arrested over match-fixing charges

Nepal players arrested over match-fixing charges

Nepali police arrested five former and current national team players, including the captain, on Wednesday on charges of match fixing, in another blow to the country's embattled soccer association. Captain Sagar Thapa, Sandip Rai, Ritesh Thapa, Bikash Sing
Published 16 Oct, 2015 12:00am
Cook hits ton, Pakistan strike late

Cook hits ton, Pakistan strike late

England captain Alastair Cook slugged a record-extending 28th Test ton and Ian Bell a half-century as the tourists reached 290-3 against Pakistan at the close of the third day of the first Test on Thursday. With Cook leading the way, England reduced their
Published 16 Oct, 2015 12:00am
Volkswagen says can bounce back as recalls 8.5 million EU cars

Volkswagen says can bounce back as recalls 8.5 million EU cars

Volkswagen can bounce back from the scandal over its rigging of diesel emissions tests in two to three years, its new CEO predicted on Thursday, as the carmaker outlined plans to recall 8.5 million affected vehicles in the European Union. Matthias Mueller
Published 16 Oct, 2015 12:00am
Renzi presents tax-cutting budget, risking duel with EU

Renzi presents tax-cutting budget, risking duel with EU

Italy presented a tax-cutting 2016 budget on Thursday that Prime Minister Matteo Renzi said would boost economic recovery but which pushes European Union fiscal rules to the limit. The package, approved by the cabinet after an unusually brief 90-minute me
Published 16 Oct, 2015 12:00am
US 'excessive force' comment touches nerve in Israel

US 'excessive force' comment touches nerve in Israel

Israel bristled on Thursday at US suggestions it may have used excessive force to confront Palestinian stabbings, and also published hospital images it said refuted Palestinian President Mahmoud Abbas's allegation a teen suspect had been "executed". Prime
Published 16 Oct, 2015 12:00am
At least four killed as storms lash Italy

At least four killed as storms lash Italy

Torrential rain and storms battered southern and central Italy for a second day on Thursday, leading to the deaths of at least four people and reviving a controversy over environmental neglect in the country. The Aniene river near Rome burst its banks lat
Published 16 Oct, 2015 12:00am
Egypt, Japan, Senegal, Ukraine, Uruguay win UN council seats

Egypt, Japan, Senegal, Ukraine, Uruguay win UN council seats

Egypt, Japan, Senegal, Ukraine and Uruguay were elected unopposed on Thursday to the United Nations Security Council for a two-year term starting January 1, 2016. The 193-member General Assembly elected Egypt with 179 votes in favour, Japan with 184 votes
Published 16 Oct, 2015 12:00am
Seven migrants drown off Greece's island of Lesbos

Seven migrants drown off Greece's island of Lesbos

Seven people drowned on Thursday, among them a baby and three children, after their wooden boat and a coast guard vessel crashed during a migrant rescue operation off the island of Lesbos, the Greek coast guard said. The boat, which the coast guard said w
Published 16 Oct, 2015 12:00am
Turkey seeks EU visa deal for cooperation on migrants

Turkey seeks EU visa deal for cooperation on migrants

Turkey demanded on Thursday that the European Union start easing restrictions next year on Turks travelling to the European Union if it wants full co-operation to stem the flow of Syrian refugees and other migrants from its territory to Europe. As EU lead
Published 16 Oct, 2015 12:00am
Syrian army and Russian jets target rebel towns north of Homs

Syrian army and Russian jets target rebel towns north of Homs

Syrian troops and their allies, backed by Russian jets, attacked rebel-held towns north of the city of Homs on Thursday, targeting a long-held and strategic enclave of opposition to President Bashar al-Assad. The offensive that began before dawn builds on
Published 16 Oct, 2015 12:00am
Iran meets deadline for investigation of atomic past: UN

Iran meets deadline for investigation of atomic past: UN

Iran has met a deadline to give the UN nuclear watchdog what it needs to assess whether Tehran's past activities had anything to do with nuclear weapons, the agency said on Thursday, a step towards implementing a deal bettween Tehran and world powers The
Published 16 Oct, 2015 12:00am
New York real estate pioneer dies

New York real estate pioneer dies

Julien Studley, a pioneer in representing tenant interests in commercial real estate and the publisher of a ground-breaking report about New York property, has died, his former company said. He was 88. Studley arrived in New York at 16 following a time in
Published 16 Oct, 2015 12:00am
Myanmar signs ceasefire with eight armed groups

Myanmar signs ceasefire with eight armed groups

Myanmar's government and eight armed ethnic groups signed a ceasefire agreement on Thursday, the culmination of more than two years of negotiations aimed at bringing an end to the majority of the country's long-running conflicts. The deal fell short of it
Published 16 Oct, 2015 12:00am
Nato urges Montenegro to prove readiness for accession

Nato urges Montenegro to prove readiness for accession

Nato urged Montenegro on Thursday to put into practice the reforms it adopted hoping to join the Western military alliance, with a decision due in December on whether to take in the tiny Adriatic republic over the objections of Russia. Sixteen years after
Published 16 Oct, 2015 12:00am
Progress made in Chinese-British nuclear deal

Progress made in Chinese-British nuclear deal

Substantial progress has been made over a deal for two Chinese companies to help finance a British nuclear plant, one of a number of agreements on the table during Chinese President Xi Jinping's visit to Britain next week, his ambassador said. Several pac
Published 16 Oct, 2015 12:00am
No EU deal at any price, Merkel's Brussels allies warn Cameron
Currency

No EU deal at any price, Merkel's Brussels allies warn Cameron

European lawmakers allied with German Chancellor Angela Merkel say they will not accept David Cameron's renegotiation of EU membership at any price, warning on Thursday that Britain has more to lose by leaving. On the day Cameron told impatient fellow lea
Published 16 Oct, 2015 12:00am
Wah has 100 percent literacy rate: Chairman POF Board

Wah has 100 percent literacy rate: Chairman POF Board

"A better education system can transform the students into a good Muslims and good human being as well. Sir Syed Ahmed Khan was a visionary Muslim leader who rendered valuable services for the Muslims of subcontinent. We claimed that Wah has 100 percent l
Published 16 Oct, 2015 12:00am
Oman Air, Boeing celebrate delivery of first Boeing 787 Dreamliner

Oman Air, Boeing celebrate delivery of first Boeing 787 Dreamliner

Oman Air and Boeing celebrated the delivery of the airline's first Boeing 787 Dreamliner. The airline ordered six 787s in November 2011 as part of its expansion plans. "We are delighted to receive our first Dreamliner which combined with Oman Air's award-
Published 16 Oct, 2015 12:00am
Geeta to return home, recognises her family in India

Geeta to return home, recognises her family in India

Geeta, a 23-year-old hearing and speech impaired Indian woman stranded in Pakistan and adopted by the Edhi Foundation's Bilquees Edhi, has identified her family in Bihar, Edhi Foundation spokesman Anwar Kazmi confirmed. Geeta identified her father, step-m
Published 16 Oct, 2015 12:00am
RAW funded MQM; Scotland Yard hands over evidence to Pakistan?

RAW funded MQM; Scotland Yard hands over evidence to Pakistan?

Scotland Yard on Thursday is said to have handed over to Pakistan the evidence of Indian intelligence agency RAW funding Muttahida Qaumi Movement (MQM) party. According to a private television channel (not Aaj News), the Scotland Yard has handed ov
Published 16 Oct, 2015 12:00am
Pasban GS is in Rangers' custody, SHC told

Pasban GS is in Rangers' custody, SHC told

Sindh Rangers here Thursday told the Sindh High Court (SHC) that Pasban General Secretary, Usman Moazzam is present in their Metha Ram sub-jail in Karachi. According to details, the Sindh High Court (SHC) resumed hearing of the petition of Suboohi Usman,
Published 16 Oct, 2015 12:00am
KE to facilitate Majalis, processions

KE to facilitate Majalis, processions

K-Electric has started facilitating commemorative meetings and processions as part of its plan to support local administration in maintaining law and order for the first 10 days of Muharram-ul-Haraam. A press release of the utility said that the programme
Published 16 Oct, 2015 12:00am
Fauji Foundation building inaugurated at IBA

Fauji Foundation building inaugurated at IBA

IBA welcomed Lieutenant General Khalid Nawaz Khan (Retd) HI (M), Managing Director, Fauji Foundation Pakistan for the inauguration of Fauji Foundation Building, main campus. The event was marked by the ribbon cutting ceremony and unveiling of the Dedicati
Published 16 Oct, 2015 12:00am
Textile package: PBIF chief highlights criticality of new jobs
Currency

Textile package: PBIF chief highlights criticality of new jobs

Pakistan Businessmen and Intellectuals Forum (PBIF) President Mian Zahid Hussain has said that APTMA is representing spinning sector and some composite units, and the value-added sector is contributing 45 percent exports and therefore creation of 18 milli
Published 16 Oct, 2015 12:00am
Sharp decline in rice trade feared

Sharp decline in rice trade feared

Pakistan's rice trade is facing severe challenges due to rising cost of agricultural inputs and its export may decline sharply during this fiscal year. Noman Ahmed Shaikh, Senior Vice Chairman, Rice Exporters Association of Pakistan (REAP) has said that r
Published 16 Oct, 2015 12:00am
Islamabad Airport: PIA reschedules flights

Islamabad Airport: PIA reschedules flights

Pakistan International Airline (PIA) has rescheduled all flights' taking off or landing timings at Islamabad Airport, due to maintenance work. According to Danyal Gilani, GM Public Affairs PIA, Islamabad Airport would remain closed for runway's re-carpeti
Published 16 Oct, 2015 12:00am
PIA-Palpa dispute affects post-Hajj operations

PIA-Palpa dispute affects post-Hajj operations

Pakistan International Airline (PIA) has so far maintained its post-Hajj flights schedule by around 40 percent; it was learnt here on Thursday. Sources said that post-Hajj operation, which started from September 27, 2015 and would continue till October 28
Published 16 Oct, 2015 12:00am
ANF sets ablaze 320.5 tons of prohibited drugs worth $2.25 billion

ANF sets ablaze 320.5 tons of prohibited drugs worth $2.25 billion

The Anti-Narcotics Force (ANF) on Thursday burnt 320.50 tons of prohibited drugs, valuing $2.25 billion, seized during different operations in various parts of the country in 2014-15. The ANF organised drug burning ceremonies in various parts of the count
Published 16 Oct, 2015 12:00am
Two killed in Wana firing

Two killed in Wana firing

Two persons were killed and three others sustained wounds when unknown armed men opened indiscriminate firing on a car in which they were travelling in Wana area of South Waziristan on Thursday. According to reports, the tribesmen were on the way when arm
Published 16 Oct, 2015 12:00am
Non-irrigated areas: BAQ urges government to consider farmers' demand

Non-irrigated areas: BAQ urges government to consider farmers' demand

Barani Aadgar Organisation (BAO), for the first initiative of farmers of non-irrigated areas, urged upon the government to consider their demands and save life and livelihoods of communities. BAO president, Sabir Ali Hamlani said this while addressing a p
Published 16 Oct, 2015 12:00am
Revenue collection, power crisis among major problems: analyst

Revenue collection, power crisis among major problems: analyst

Usman Khilji, trade policy analyst, World Trade Organisation Secretariat, Geneva has said recovery of taxes and power crisis are among the major problems of Pakistan. While addressing a seminar titled "Trade Policy Follow up Review" he mentioned decline i
Published 16 Oct, 2015 12:00am
New secretary law assumes charge

New secretary law assumes charge

The Sindh Law Department has notified that Muhammad Aslam Shaikh, Additional Secretary, has assumed the charge of the post of Secretary to Government of Sindh Law, Parliamentary Affairs & Human Rights Department, October 14. He has assumed charged on look
Published 16 Oct, 2015 12:00am
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