Prime Minister Nawaz Sharif Friday approved the launch of "Green Pakistan Programme" to improve forestry and wildlife sectors in the country. The Prime Minister will lead the Green Pakistan Programme on the pattern of "Green Wall Programme" of China which
Prime Minister Nawaz Sharif Friday approved the launch of "Green Pakistan Programme" to improve forestry and wildlife sectors in the country. The Prime Minister will lead the Green Pakistan Programme on the pattern of "Green Wall Programme" of China which
Leader Kim Jong-Un has ordered North Korea's nuclear arsenal to be readied for pre-emptive use at any time, in an expected escalation of military rhetoric following the UN Security Council's adoption of tough new sanctions on Pyongyang. The North's nuclea
Leader Kim Jong-Un has ordered North Korea's nuclear arsenal to be readied for pre-emptive use at any time, in an expected escalation of military rhetoric following the UN Security Council's adoption of tough new sanctions on Pyongyang. The North's nuclea
The Karachi Port handled 149,465 tonnes of cargo comprising 123,062 tonnes of import cargo and 26,403 tonnes of export cargo including 3,625 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 123
Pakistan has undergone a series of positive developments meriting recognition and country's economy was on track to complete an International Monetary Fund (IMF) program from start to finish for the first time in its 70-year history. According to an artic
Minister for Finance Senator Mohammad Ishaq Dar said on Friday that Prime Minister Mohammad Nawaz Sharif attached due importance to development of Gilgit-Baltistan. He said all possible cooperation would be extended to G-B for its economic development and
KP Senior Minister for Local Government and Rural Development, Inayatullah Khan has said that mechanical sweeping in Peshawar may be introduced gradually as the system working all over the world. While presiding over a meeting to review the performance of
China will raise its defence spending by seven to eight percent this year, a top official said Friday, a smaller increase than the double-digit rises of the past as Beijing seeks a more efficient military. At the same time the rising power is increasing i
Germany demanded Friday that France close down its oldest nuclear plant, Fessenheim, near the German and Swiss borders - just one of several ageing atomic plants that are unsettling France's neighbours. "This power plant is very old, too old to still be i
The United Nations began delivering aid to three rebel towns east of Damascus on Friday, in the second distribution of assistance since a shaky truce began in Syria. Speaking to reporters before entering the Eastern Ghouta opposition bastion, UN chief aid
Russia on Friday voiced "deep concern" and urged restraint after North Korean leader Kim Jong-Un ordered that his country's nuclear arsenal be readied for pre-emptive use at any time. "We are following the development of the situation very closely and hop
The EU on Friday imposed additional punitive measures against North Korea over recent nuclear and ballistic missile tests carried out in defiance of United Nations resolutions. The 28-nation bloc said it was adding 16 North Korean individuals and 12 entit
Former Malaysian leader Mahathir Mohamad on Friday joined hands with long-standing foes, including the party of the jailed Anwar Ibrahim, to crank up pressure on scandal-plagued Prime Minister Najib Razak to quit, marking a seismic political shift.
Japanese Prime Minister Shinzo Abe announced Friday he has agreed to suspend construction of a controversial US military base on Okinawa, a rare conciliatory step aimed at easing tension with the southern island. Still, Abe reiterated there is no change t
World leaders hailed "real progress" in Syria on Friday, but fresh air strikes showed the fragility of the week-old truce and the many obstacles still in the way of peace talks. Warplanes struck a key rebel bastion east of the Syrian capital for the first
Serbia's president on Friday called an early parliamentary election for April, with pro-European Prime Minister Aleksandar Vucic expected to strengthen his grip on power in the Balkan country's third vote in four years. President Tomislav Nikolic said in
Aung San Suu Kyi's party on Friday said that outgoing Myanmar President Thein Sein was snubbing part of their handover ceremony plans, as tensions over the looming political transition begin to pervade even logistical arrangements. A sweeping win in Novem
Spain could supplant Britain as the "privileged partner" of the United States in Europe if Britain leaves the EU, Spanish Foreign Minister Jose Manuel Garcia-Margallo said Friday. "An enormous effort has been carried out to intensify ties with the United
Four workers died and 19 were injured when the scaffolding of a cathedral under construction in southern Mexico collapsed, authorities said Friday. Authorities are investigating what caused the structure to fall on Thursday afternoon in the town of Tuxtep
Chelsea must end their hire-and-fire approach and make sure the club's next manager is a long-term appointment, interim boss Guus Hiddink said on Friday. The Dutchman has overseen a dramatic turnaround in fortunes, helping the champions climb to 10th in t
Pakistan Cricket Board (PCB) Chairman Shaharyar M Khan has decided to form a Special Committee to probe team's poor performance in the Asia Cup and also to examine the selection process for the World T20. The committee will be comprised Shakil Sheikh, Cha
Formula One's governing body has voted in favour of a new elimination-style qualifying format that will be implemented from this month's Australian season-opener, a well-placed source said on Friday. Speaking from Geneva, where the FIA's World Motor Sport
Pakistan put their disappointment at not making the Asia Cup final behind them in Dhaka on Friday, with a consolation six-wicket win against Sri Lanka in their final match. Pakistan's top-order batsmen finally hit some form to help the side reach 151-4 in
Novak Djokovic and Andy Murray sprinted through their Davis Cup openers on Friday to edge Serbia and defending champions Great Britain closer to a dream quarter-final showdown. World number one Djokovic showed no signs of the eye infection which brought h
The Australian dollar held near three-month highs on Friday, putting it on track for the largest weekly gain in nearly five months as rallying iron ore prices and supportive domestic data buoyed risk sentiment. The Aussie stood at $0.7345, not far from Th
Sterling rose to its highest in nearly two weeks against the dollar on Friday after the monthly US jobs report led investors trim bets in favour of the greenback, leaving the pound on track for its best week since late-2009. It ceded ground against the eu
The Canadian dollar strengthened to a 12-week high against its US counterpart on Thursday as base and precious metal prices rallied, although it underperformed other commodity-related and European currencies. The currency extended its recovery from a 12-y
The Indonesian rupiah hit a nine-month high and the Singapore dollar rose to its strongest in four months on Friday, after soft US service sector employment data reinforced the view the Federal Reserve will raise interest rates only gradually. Emerging As
Sri Lankan rupee forwards ended weaker on Friday on dollar demand from importers and as foreign investors sold government securities, dealers said. Fitch's downgrade of Sri Lanka's sovereign rating also weighed on the currency, said some dealers, adding t
The US dollar was set to post its biggest one-day percentage decline against the euro in more than three weeks on Thursday after data showing a decline in US service sector employment added to worries over Friday's monthly US jobs data. The euro rose to a
The US dollar hit one-week lows against the euro and fell against the yen on Friday after a drop in US wages in February overshadowed strong jobs growth and supported views that the Federal Reserve was in no hurry to hike interest rates. Average hourly ea
The dollar lost more ground against the euro on Friday after its biggest decline in a month a day earlier, with markets on edge before official US jobs numbers due later in the session. The US currency has gained against the euro for the past month, helpe
The dollar was on the defensive against its peers on Friday after soft service sector employment data dampened expectations the Federal Reserve would hike interest rates soon, looking to US non-farm payrolls later in the session for possible relief. The e
China's yuan firmed against the dollar for a fourth day after the central bank fixed a stronger midpoint on Friday, while suspected intervention by the central bank also lent support. Trading picked up in the morning and is expected to remain active for t
Britain's mining index climbed to a four-month high on Friday, boosted by a rally in the prices of major industrial metals. Glencore, Anglo American, BHP Billiton , Antofagasta and Rio Tinto rose by 3.2 to 5.7 percent, helping the index to climb 3.9 perce
Southeast Asian stock markets rose along with Asia on Friday, with Singapore notching up best weekly gain since October amid strength in the city-state's currency, while the region advanced on the week as risk sentiment in global markets improved. The key
Australian shares edged to near two-month highs, clocking their biggest weekly percentage advance since October 2015, as commodity price gains underpinned the mining and financial sectors, while New Zealand stocks also struck a record peak. During midday
European shares rose on Friday after strong US jobs data eased concerns of a possible recession in the world's largest economy, with Gemalto lifted by solid results and miners boosted by firmer metal prices. The pan-European FTSEurofirst 300 index, which
Indian shares edged higher on Friday, posting their best weekly gain in more than four years, tracking gains in Asian markets and on improved risk appetite after the government unveiled a fiscally prudent budget earlier this week. The benchmark BSE index
South Africa's rand rose to its highest in more than a week against the US dollar on Friday, shrugging off a jump in US employment, while stocks climbed to a new three-month high, spurred by a global commodities rally, particularly in metals. By 1615 GMT,
China stocks rose for their fourth straight day on Friday, as a tumble in small-caps triggered by supply fears was offset by a surge in banks amid speculation that government-backed investors helped stabilise the market ahead of a key meeting by China's p
US Treasury debt prices traded higher on Thursday as oil and stocks stabilised and as investors focused on February's employment report due on Friday for further signs of economic momentum. Brent crude prices, which are up about 35 percent from last month
US Treasury debt prices traded higher on Thursday as oil and stocks stabilised and as investors focused on February's employment report due on Friday for further signs of economic momentum. Brent crude prices, which are up about 35 percent from last month
Vietnam's benchmark VN Index closed 0.57 percent higher on Friday, its fourth consecutive daily gain, as energy stocks climbed after global oil prices rose following falls in US oil output. PetroVietnam Gas, the country's fourth-biggest firm by market val
South Korean stocks closed slightly down on Friday but posted a third consecutive week of gains as eased concerns about the global economy boosted the appetite for risk assets around the world. "The recent rebounding trend from a long period of slump prev
Wall Street moved higher on Thursday, adding momentum to a recent recovery as the energy and financial sectors emerged into positive territory for the year. The S&P 500's increase was the most recent in four weeks of mostly steady gains that have left the
US stocks were higher in choppy trading on Friday as data showing the economy added more jobs than expected last month was tempered by a drop in wages and hours worked. Nonfarm payrolls increased by a 242,000 jobs last month, the Labor Department said on
Tokyo stocks closed higher Friday, notching up their fourth consecutive rise as investors looked ahead to a key US jobs report and an annual policy meeting of China's leaders at the weekend. The report, which comes on the back of a string of improving dat
The Bank of Japan's (BOJ) decision to impose negative interest rates has spurred some companies to seek to lock in cheap funding with long maturities that investors once balked at. Traditionally, investors deemed only a few companies such as utilities and
The Bank of Japan's (BOJ) decision to impose negative interest rates has spurred some companies to seek to lock in cheap funding with long maturities that investors once balked at. Traditionally, investors deemed only a few companies such as utilities and
Forty of the world's biggest banks, including HSBC and Citi, have tested a system for trading fixed income using the technology that underpins bitcoin, fintech company R3 CEV said. The banks are part of a consortium of 42 major lenders, brought together l
The oil industry cut investment spending by more than $100 billion last year and another round of major cuts this year is expected to hit the production outlook, the International Energy Agency's chief economist said on Friday. Laszlo Varro told Reuters i
Goldman Sachs is cutting between five and 10 percent of staff in its fixed income and currency trading business, a source familiar with the matter said on Friday. This is part of the annual process around this time of year when a swathe of people, typical
Facebook on Friday said it would declare advertising revenue from its top British clients in Britain instead of Ireland, where it has its European headquarters, meaning it will have to pay more tax. "On Monday we will start notifying large UK customers th
Hong Kong home sales volume hit record lows in the first two months of the year, official data showed, adding to the gloom of weak earnings reports from the city's developers, and mixed pricing for two recent government land tenders. January and February
Malaysia's January exports fell for the first time in eight months on weak global economic conditions and a slide in oil and gas shipments, government data showed on Friday, confounding economists' expectations for a rise. Exports in January declined 2.8
US employment gains surged in February, the clearest sign yet of labor market strength that could further ease fears the economy was heading into recession and allow the Federal Reserve to gradually raise interest rates this year. Nonfarm payrolls increas
Global regulators have proposed stricter rules on how banks calculate the amount of capital they need to cover risks to operations from cyber attacks, fraud or hefty fines. The proposals are the latest from the Basel Committee of regulators that would lim
Yahoo Inc is exploring the sale of $1 billion to $3 billion of patents, property and other "non-core assets," its chief financial officer said on Thursday. Yahoo CFO Ken Goldman told the Morgan Stanley Technology, Media and Telecom Conference that a commi
Zimbabwean President Robert Mugabe has announced that the government will take over all the country's diamond mines to stop foreign firms syphoning off gems without declaring them. "We have not received much (money) from the diamond industry at all," Muga
Zurich Insurance cut 2015 pay for its top management by more than half after they failed to meet major performance targets, the Swiss insurer said in its annual report published on Friday. Total 2015 pay for the 13 members of Zurich's top management team
US soybean futures climbed 1.5 percent on Friday as investors covered short positions due to strong demand. Chicago wheat eased, but the market was set for a big weekly gain on concerns over dry weather in parts of the US Plains. Corn also climbed, on str
Global coffee exports were down slightly in January but have inched up 1.7 percent in the first four months of the 2015/16 marketing year, International Coffee Organisation data showed on Friday. World coffee exports reached 8.96 million 60-kg bags in Jan
Gold held onto the previous session's 2 percent gains on Friday as strong underlying investment demand helped prices rebound from a sharp drop in the wake of forecast-beating US payrolls data. Earlier gold hit its highest in 13 months, having been driven
Gold edged lower on Friday, but was not far off a 13-month peak reached in the prior session when a weaker dollar and technical buying gave bullion its best day in two weeks. Investors are eyeing crucial US nonfarm payrolls data due later in the day, wher
Raw sugar on ICE steadied after rising to a 6-week high on Friday, after extending gains in a technically strong market on support from a firmer Brazilian currency and possible delays to the start of the cane harvest in Brazil due to rains. Arabica coffee
Malaysian palm oil futures rose on Friday tracking competing vegetable oils and was poised to gain for a second consecutive day, although upsides were seen capped by a stronger ringgit. The palm oil contract for May delivery on the Bursa Malaysia Derivati
Ukraine's rapeseed exports to the European Union are likely to fall by around a third in the 2016/17 season due to a smaller harvest and a redirecting of exports to other markets, analyst UkrAgroConsult said. Ukraine's rapeseed harvest is likely to fall t
Indian soybean futures edged lower on Friday as millers stayed away from buying due to weak export demand for meal or animal feed, while rapeseed ended lower on continued arrivals of the new harvest. The March soybean contract on the National Commodity &
Benchmark Tokyo rubber futures surged to a 3-month high on Friday as risk appetite grew on the back of a recovery in commodity prices and strong price momentum, helping it mark its biggest weekly gain since May 2013. The Tokyo Commodity Exchange (TOCOM) f
Oil prices rallied again on Friday after a one-day pause, buoyed by strong US jobs data and technical buying after crude prices breached resistance levels on charts. Prices got an additional boost when data showed the US oil rig count fell by eight this w
Copper prices climbed to their highest in four months on Friday after US data showed strong jobs growth combined with low wages, lessening the threat of a early interest rate rise. Average hourly earnings fell three cents in February even as non-farm payr
Copper stocks monitored by the Shanghai Futures Exchange surged 10.5 percent this week, hitting a record high, data from the exchange showed on Friday. Copper stocks were at 305,106 tonnes, up more than 70 percent from late 2015. The stocks started rising
China's soybean imports are forecast to climb 6 percent in the year to September 2016 on higher demand for animal feed, while corn purchases will decline as the country takes steps to cut domestic inventories, a senior industry official said. The country
ICE Canadian canola futures rose on Wednesday due to bargain-buying after a four-day skid. Limited farmer selling also supported higher prices, a trader said. China's new canola shipping standard concerns market. Paterson Grain said on Wednesday that it w
As a result of lack of buying interest, leading buyers kept on the sidelines on the cotton market on Friday, dealers said. The official spot rate was unchanged at Rs 5,200, dealers said. In Sindh, seed cotton prices were at Rs 1500-2700, and in Punjab pri
Senior PML-N leader Iqbal Zafar Jhagra took oath as Governor Khyber Pakhtunkhwa at Governor's House, Peshawar on Friday. The Chief Justice of Peshawar High Court, Justice, Mazhar Alam Khan Miankhel administered the oath to him. Chief Minister, Parvez Khan
Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning on Friday in a federal investigation of a vast corruption scheme, fanning a political crisis that threatens to topple his successor, President Dilma Rousseff. Lula's
Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning on Friday in a federal investigation of a vast corruption scheme, fanning a political crisis that threatens to topple his successor, President Dilma Rousseff. Lula's