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Print - 2016-04-09
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 140,643 tonnes of cargo comprising 113,735 tonnes of import cargo and 26,908 tonnes of export cargo including 8,300 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 113
Published 09 Apr, 2016 12:00am
Cotton market: arrivals of new crop begin on modest activity
Cotton

Cotton market: arrivals of new crop begin on modest activity

Arrivals of new crop for season 2016-17 started amid modest trading activity on the cotton market on Friday, dealers said. The official spot rate was unmoved at Rs 5,250 dealers said. In the Punjab prices were at Rs 2400 and Rs 3100, they said. In the rea
Published 09 Apr, 2016 12:00am
No change on grain market

No change on grain market

According to the Daily Market Report, not a single change was seen on the local commodity market and oil seeds market on Friday.
Published 09 Apr, 2016 12:00am
CBOT wheat futures fall

CBOT wheat futures fall

Chicago Board of Trade wheat futures fell Wednesday after a US Department of Agriculture crop progress report indicated the US winter wheat crop was in better condition than analysts expected. The USDA late on Tuesday rated 59 percent of US winter wheat a
Published 09 Apr, 2016 12:00am
Malaysia's February exports rebound aided by palm oil, US demand

Malaysia's February exports rebound aided by palm oil, US demand

Malaysia's exports in February rose faster than forecast due to stronger palm oil demand and a jump in tech shipments to the United States. Exports in February grew 6.7 percent from a year earlier, government data showed on Wednesday, more than double eco
Published 09 Apr, 2016 12:00am
Insurance regulator Sam Woods named BoE deputy governor

Insurance regulator Sam Woods named BoE deputy governor

The Bank of England's insurance regulator has been appointed the new deputy governor of the central bank responsible for day-to-day bank supervision, Britain's finance ministry said on Friday. Sam Woods will become head of the central bank's Prudential Re
Published 09 Apr, 2016 12:00am
Mercator buys US-based revenue management provider

Mercator buys US-based revenue management provider

Mercator, a technology services company backed by private equity firm Warburg Pincus, has bought a Seattle-based revenue management systems firm, its second acquisition in less than a year, it said. The company, which focuses on the travel, transportation
Published 09 Apr, 2016 12:00am
Mercator buys US-based revenue management provider

Mercator buys US-based revenue management provider

Mercator, a technology services company backed by private equity firm Warburg Pincus, has bought a Seattle-based revenue management systems firm, its second acquisition in less than a year, it said. The company, which focuses on the travel, transportation
Published 09 Apr, 2016 12:00am
China's ZTE revises down 2015 profit after US export curbs
Exchange

China's ZTE revises down 2015 profit after US export curbs

Chinese telecom equipment maker ZTE Corp revised down its 2015 net profit due to export curbs imposed by the US Commerce Department for alleged violations of sanctions against Iran. Shenzhen-based ZTE said its 2015 net profit rose 22 percent to 3.2 billio
Published 09 Apr, 2016 12:00am
China's ZTE revises down 2015 profit after US export curbs
Exchange

China's ZTE revises down 2015 profit after US export curbs

Chinese telecom equipment maker ZTE Corp revised down its 2015 net profit due to export curbs imposed by the US Commerce Department for alleged violations of sanctions against Iran. Shenzhen-based ZTE said its 2015 net profit rose 22 percent to 3.2 billio
Published 09 Apr, 2016 12:00am
Brazil banks to step up loan refinancing deals this year
Currency

Brazil banks to step up loan refinancing deals this year

Banks in Brazil will step up corporate loan refinancing deals this year, the central bank said on Thursday, suggesting the impact of the harshest recession in over a century and escalating political turmoil are hurting the ability of factories, shops and
Published 09 Apr, 2016 12:00am
Luxury cruise giant MSC in new 4 billion euro deal with STX France

Luxury cruise giant MSC in new 4 billion euro deal with STX France

Luxury cruise giant MSC has ordered four new ships from the French arm of South Korean shipbuilder STX for some 4.0 billion euros ($4.5 billion), a French government spokesman said Wednesday. French President Francois Hollande and officials of the Italian
Published 09 Apr, 2016 12:00am
Canada unemployment rate dips to 7.1 percent in March

Canada unemployment rate dips to 7.1 percent in March

The Canadian economy gained 41,000 jobs in March, driven by demand for health care and social assistance workers, according to government data Friday which showed a drop in the unemployment rate to 7.1 percent. It was an improvement from the 7.3 percent u
Published 09 Apr, 2016 12:00am
Monsanto cools on large-scale M&A outlook, profit falls
Currency

Monsanto cools on large-scale M&A outlook, profit falls

Monsanto Co effectively pulled itself out of the mergers-and-acquisitions flurry in the seeds and agrochemicals industry, nearly a year after making a bid for rival Syngenta AG. The St. Louis-based company, which also reported a drop in second-quarter ear
Published 09 Apr, 2016 12:00am
Telefonica number two becomes head of Spain telecoms giant

Telefonica number two becomes head of Spain telecoms giant

Telefonica's number two Jose Maria Alvarez-Pallete was named head of Spain's telecoms giant Friday after its 16 years-long chief executive stepped down, tasked with navigating the company through the digital revolution. The 52-year-old replaces Cesar Alie
Published 09 Apr, 2016 12:00am
Australia Prime Minister to lead 1,000-strong business team to China

Australia Prime Minister to lead 1,000-strong business team to China

Australian Prime Minister Malcolm Turnbull, who last month criticised Chinese military deployments in the South China Sea, leads 1,000 business leaders to China next week, hoping to build on a free trade agreement (FTA) between the two countries. Turnbull
Published 09 Apr, 2016 12:00am
Fed's Dudley sees risks lingering, cautious on US rate hikes

Fed's Dudley sees risks lingering, cautious on US rate hikes

The Federal Reserve must approach further rate hikes cautiously and gradually because of lingering external risks to the US economy, despite some strength at home and welcome hints of inflation, an influential Fed official said on Friday. In a speech that
Published 09 Apr, 2016 12:00am
UK industrial output slides, trade deficit widens

UK industrial output slides, trade deficit widens

Britain's industrial output shrank at the fastest rate in more than three years in the three months to February and the trade deficit ballooned to its widest in eight years, data showed on Friday, adding to worries of a broader economic slowdown. Finance
Published 09 Apr, 2016 12:00am
German exports rebound in February as sales to EU jump

German exports rebound in February as sales to EU jump

German exports bounced back in February, rising at the strongest rate in five months and beating expectations as demand from the country's European partners jumped. Coming two days after figures showed industrial output fell less than expected in February
Published 09 Apr, 2016 12:00am
Brazil's inflation falls below 10 percent in March
Currency

Brazil's inflation falls below 10 percent in March

Brazil's inflation rate slowed sharply in March to below 10 percent a year, the lowest in nine months, although it still remained well above the government's target despite a severe recession and one of the world's highest interest rates. Consumer prices
Published 09 Apr, 2016 12:00am
Goldman Sachs pays CEO Blankfein $22.6 million for 2015

Goldman Sachs pays CEO Blankfein $22.6 million for 2015

Goldman Sachs Group Inc paid Chief Executive Lloyd Blankfein $22.6 million for 2015, according to a regulatory filing on Friday, marking his first pay decline in four years. Blankfein received $24 million for 2014. On top of his salary and other awards, B
Published 09 Apr, 2016 12:00am
Goldman Sachs pays CEO Blankfein $22.6 million for 2015

Goldman Sachs pays CEO Blankfein $22.6 million for 2015

Goldman Sachs Group Inc paid Chief Executive Lloyd Blankfein $22.6 million for 2015, according to a regulatory filing on Friday, marking his first pay decline in four years. Blankfein received $24 million for 2014. On top of his salary and other awards, B
Published 09 Apr, 2016 12:00am
Insurers object to EU proposals on investment product fact sheets

Insurers object to EU proposals on investment product fact sheets

Insurers have criticised proposed EU rules requiring them to give simple price comparisons in their product information sheets to help consumers choose between investment products, saying buyers in the 10 trillion-euro ($11.4 trillion) market could be mis
Published 09 Apr, 2016 12:00am
Japan faces trouble controlling damaging yen rises
Currency

Japan faces trouble controlling damaging yen rises

Japanese efforts to stem sharp increases in the yen could face increasing opposition from other major economies, making it even more difficult for premier Shinzo Abe's administration to reflate the world's third largest economy out of stagnation. Senior g
Published 09 Apr, 2016 12:00am
China's economy shows signs of improvement in Q1: Premier

China's economy shows signs of improvement in Q1: Premier

China's economic indicators showed signs of improvement in the first quarter but a sluggish world economy and volatile markets deprive the changes of a solid basis, state television quoted Premier Li Keqiang as saying on Friday. Li said the overall econom
Published 09 Apr, 2016 12:00am
Shenzhen, Shanghai home sales plunge after rules tightened

Shenzhen, Shanghai home sales plunge after rules tightened

Home sales in the red-hot property markets of Shanghai and Shenzhen tumbled sharply in the week after authorities made it tougher to buy homes in the cities to prevent a property bubble, surveys by a major Chinese realtor show. After Shenzhen and Shanghai
Published 09 Apr, 2016 12:00am
Vietnam index posts strongest weekly gain

Vietnam index posts strongest weekly gain

Vietnam's benchmark VN Index edged up in mixed trade on Friday, posting the first weekly gain in nearly one month. Dairy products maker Vinamilk, the country's top firm by market value, outperformed the market, rallying 1.42 percent, with its relative str
Published 09 Apr, 2016 12:00am
Gulf's bond market thaws as panic over oil fades

Gulf's bond market thaws as panic over oil fades

Two issues in the Gulf's international bond market this week show a panic over low oil prices has faded and foreign investors are once again willing to buy into the region's debt - but they remain extremely sensitive to pricing. The market froze up in the
Published 09 Apr, 2016 12:00am
Gulf's bond market thaws as panic over oil fades

Gulf's bond market thaws as panic over oil fades

Two issues in the Gulf's international bond market this week show a panic over low oil prices has faded and foreign investors are once again willing to buy into the region's debt - but they remain extremely sensitive to pricing. The market froze up in the
Published 09 Apr, 2016 12:00am
Tokyo stocks end higher as yen's rally fizzles
Exchange

Tokyo stocks end higher as yen's rally fizzles

Tokyo stocks ended the week on a positive note Friday, rebounding from early losses as exporters got a lift after the yen's sharp rally fizzled. The Japanese unit gave up some of this week's strong gains against the dollar as officials warned about the im
Published 09 Apr, 2016 12:00am
Friday's early trade: Wall Street gains

Friday's early trade: Wall Street gains

A strong rebound in oil pushed US stocks higher on Friday, while investors took comfort in Federal Reserve Chair Janet Yellen's positive comments on the economy. Crude jumped more than 6 percent on rising hopes that top producers would agree to freeze out
Published 09 Apr, 2016 12:00am
Wall Street falls amid global growth worries
Exchange

Wall Street falls amid global growth worries

US stocks dropped on Thursday as oil prices slid and worries about the global economy resurfaced, dragging down the dollar against the yen and causing investors to flee riskier assets. The S&P 500 posted its biggest daily percentage loss in about six week
Published 09 Apr, 2016 12:00am
Hong Kong benchmark index up

Hong Kong benchmark index up

Hong Kong stocks ended slightly higher on Friday as investors searched for cues on direction ahead of China's March economic data. The Hang Seng index rose 0.5 percent, to 20,370.40, while the China Enterprises Index gained 0.7 percent, to 8,704.81 points
Published 09 Apr, 2016 12:00am
US bond yields lowest since February as growth fears return

US bond yields lowest since February as growth fears return

US Treasury yields fell broadly on Thursday to their lowest levels since late February as declining oil prices and fears about slowing global economic growth underpinned bond prices. The fall in yields was also helped by a reversal in investors' appetite
Published 09 Apr, 2016 12:00am
US bond yields lowest since February as growth fears return

US bond yields lowest since February as growth fears return

US Treasury yields fell broadly on Thursday to their lowest levels since late February as declining oil prices and fears about slowing global economic growth underpinned bond prices. The fall in yields was also helped by a reversal in investors' appetite
Published 09 Apr, 2016 12:00am
Australian shares end lower

Australian shares end lower

Australian shares fell 0.53 percent on Friday. The S&P/ASX 200 index dropped 26.479 points to 4937.600 at the close of trade. The benchmark ended the week down 1.2 percent, its third week of losses. New Zealand's benchmark S&P/NZX 50 index dropped 0.369 p
Published 09 Apr, 2016 12:00am
MSCI could exclude Nigeria from Frontier Markets index
Mutual Funds

MSCI could exclude Nigeria from Frontier Markets index

Index provider MSCI is seeking feedback from investors on the ease of access to the Nigerian equity market, a move that could lead to it being excluded from MSCI's Frontier Markets index. The consultation follows the introduction of restrictions on foreig
Published 09 Apr, 2016 12:00am
European equities rise as oil stocks, Italian banks advance

European equities rise as oil stocks, Italian banks advance

European equities rebounded on Friday as Italian banks rallied and energy stocks advanced, although a pan-European index was headed for its fourth straight week of losses. The STOXX Oil and Gas sub-index rose 3.5 percent to lead gains among sectors, as en
Published 09 Apr, 2016 12:00am
Sri Lanka shares gain

Sri Lanka shares gain

Sri Lankan shares rose for a fourth straight session on Friday to end at their highest close in eight weeks as retail investors bought beaten-down stocks. However, continued foreign outflows on worries over macroeconomic stability weighed on sentiment, de
Published 09 Apr, 2016 12:00am
China shares end lower
Exchange

China shares end lower

China stocks closed down on Friday ahead of a slew of economic data, with some investors locking in profit from a month-long rebound that reflects expectations for a strong first quarter. China's bluechip CSI300 index fell 0.7 percent, to 3,185.73, while
Published 09 Apr, 2016 12:00am
Southeast Asia stocks mixed; Thailand rises

Southeast Asia stocks mixed; Thailand rises

Southeast Asian stock markets ended mixed on Friday with Thailand bouncing back from a near six-week low hit earlier in the session on the back of bargain-hunting after five straight sessions of losses. The Thai SET Index gained 0.95 percent on Friday, bu
Published 09 Apr, 2016 12:00am
FTSE records another weekly gain, led by commodities

FTSE records another weekly gain, led by commodities

Britain's top share index posted another weekly rise on Friday, helped by buoyant commodity stocks and continuing a run that has seen it outperform European indexes. The FTSE 100 was up 67.52 points, or 1.1 percent, at 6,204.41 points at its close, up 1 p
Published 09 Apr, 2016 12:00am
Yuan edges lower after FX reserves rise unexpectedly
Exchange

Yuan edges lower after FX reserves rise unexpectedly

The yuan eased against the dollar on Friday despite China reporting its first rise in foreign exchange reserves since November, with traders saying the market had already priced the move in. The spot yuan opened at 6.4771 per dollar and was changing hands
Published 09 Apr, 2016 12:00am
Dollar firms versus yen but still on track for weekly loss
Exchange

Dollar firms versus yen but still on track for weekly loss

The dollar firmed a little but languished close to 17-month lows against the yen on Friday, with the Japanese currency poised for weekly gains against its major counterparts despite verbal warnings from Japanese officials. Underpinning the greenback, a le
Published 09 Apr, 2016 12:00am
Yen stalls as finance minister warns on intervention
Currency

Yen stalls as finance minister warns on intervention

Gains for stock markets and a warning of possible intervention from Japan's finance minister knocked back the yen on Friday after a week of startling gains. The yen surged at one point by as much as 2 percent against the dollar on Thursday, and Minister T
Published 09 Apr, 2016 12:00am
Dollar extends slide versus yen as BOJ seen on hold
Exchange

Dollar extends slide versus yen as BOJ seen on hold

The US dollar fell below 108 yen for the first time in 17 months on Thursday on bets the Bank of Japan will refrain from intervention, while the euro slipped against the dollar on the potential for a more dovish European Central Bank. The dollar fell as m
Published 09 Apr, 2016 12:00am
Canadian dollar weakens as oil falls, jobs data eyed
Exchange

Canadian dollar weakens as oil falls, jobs data eyed

The Canadian dollar weakened against its US counterpart on Thursday as oil prices fell, while Wall Street losses also weighed on the commodity-linked currency as traders braced for a possible surprise in Friday's Canadian jobs data. Oil settled lower as r
Published 09 Apr, 2016 12:00am
Asia FX seen on risk aversion, strong yen
Exchange

Asia FX seen on risk aversion, strong yen

Most emerging Asian currencies eased on Friday and were set to post weekly losses as investors sidestepped risk and worried that a strong yen could drive unwinding of carry trades. Malaysia's ringgit hit its weakest level in more than a week, leading the
Published 09 Apr, 2016 12:00am
Sri Lanka five-day rupee forwards end steady
Currency

Sri Lanka five-day rupee forwards end steady

Sri Lankan five-day rupee forwards closed steady on Friday as importer dollar demand offset the greenback sales by exporters and inward remittances ahead of the Sinhala-Tamil new year next week, dealers said. The forwards, which are called spot next and a
Published 09 Apr, 2016 12:00am
Australia, New Zealand dollar down

Australia, New Zealand dollar down

The Australian and New Zealand dollars nursed losses against their US counterpart and yen on Friday as global growth worries resurfaced, putting them on track for heavy weekly falls. The Australian dollar held at $0.7530, having slipped 1.2 percent on Thu
Published 09 Apr, 2016 12:00am
Defending champion Sock reaches Houston quarter-finals

Defending champion Sock reaches Houston quarter-finals

Defending champion and fourth seed Jack Sock held off Australian qualifier Matthew Barton 6-2, 7-6 (7/5) on Thursday to reach the quarter-finals of the ATP claycourt tournament in Houston, Texas. Sock's serve was rock solid, with the American winning 80 p
Published 09 Apr, 2016 12:00am
More first-hole misery for Els at Masters

More first-hole misery for Els at Masters

Ernie Els revisited the scene of his Masters meltdown in Friday's second round and stared down the putting demons that destroyed him a day earlier. The 46-year-old South African walked off the first green with a double-bogey 6 after missing a two-footer,
Published 09 Apr, 2016 12:00am
Real 'playing for our season', says Zidane

Real 'playing for our season', says Zidane

Real Madrid coach Zinedine Zidane warned the Spanish giants' season would be on the line in Tuesday's return leg against Wolfsburg in the Champions League quarter-finals. "On Tuesday, we're playing for our season," said Zidane on Friday, with the record 1
Published 09 Apr, 2016 12:00am
Pakistan targets revival of squash with Egypt series

Pakistan targets revival of squash with Egypt series

Pakistan's legendary squash champion Jahangir Khan Friday praised the success of a series with Egypt in Karachi this week, saying he hopes it will persuade top-ranked players to help revive the once-popular sport in the country. Khan helped fuel a winning
Published 09 Apr, 2016 12:00am
Ronchi signs for Warwickshire in T20

Ronchi signs for Warwickshire in T20

New Zealand wicketkeeper-batsman Luke Ronchi has signed for the whole of Warwickshire's domestic Twenty20 campaign, the English county announced Friday. The 34-year-old will join the Birmingham Bears, Warwickshire's Twenty20 team, ahead of their first gam
Published 09 Apr, 2016 12:00am
PCB, LUMS sign MoU

PCB, LUMS sign MoU

The Pakistan Cricket Board and the Lahore University of Management Sciences have signed a memorandum of understanding and cooperation to set up a bio-mechanic laboratory. LUMs will undertake research and development of the project which is expected to beg
Published 09 Apr, 2016 12:00am
PCB revises U16 trials schedule

PCB revises U16 trials schedule

Pakistan Cricket Board (PCB) Friday announced to revise its schedule of U-16 trails due to rains. A PCB press release issued on Friday said that due to the recent spell of heavy rains in KPK, U-16 Trials for FATA and AJK Regions could not be held as per e
Published 09 Apr, 2016 12:00am
Peshawar Region: Inter-District Games to start from April 15

Peshawar Region: Inter-District Games to start from April 15

Peshawar Region Inter-District Male and Female Games will be held from April 15-17, 2016 here at three different venues, Deputy Secretary Sports Khyber Pakhtunkhwa Adil Saeed Safi said while addressing a press conference here on Friday. Flanked by Directo
Published 09 Apr, 2016 12:00am
Spieth opens with birdie to stretch Masters lead

Spieth opens with birdie to stretch Masters lead

Defending champion Jordan Spieth sank a 14-foot birdie putt on the first hole to seize a three-stroke lead in Friday's second round of the Masters while a host of challengers struggled in vain to overtake him. The 22-year-old American, who captured the US
Published 09 Apr, 2016 12:00am
Russia replaced under 18 team to avert doping failures

Russia replaced under 18 team to avert doping failures

Russia replaced its entire team for the under 18 world ice hockey championship to "minimise" the risk of failing tests for the banned drug meldonium, Sports Minister Vitaly Mutko said on Friday. The Russian team that leaves for the world championships in
Published 09 Apr, 2016 12:00am
National boost for Brennan as Vautour crashes out

National boost for Brennan as Vautour crashes out

Paddy Brennan, who rides last year's runner-up Saint Are in Saturday's Grand National, received a perfect eve-of-race boost when emerging as the main beneficiary of 1-5 favourite Vautour's shock fall in Friday's Melling Chase. Ruby Walsh was enjoying an a
Published 09 Apr, 2016 12:00am
Belgian Davis Cup coach dies

Belgian Davis Cup coach dies

The former Belgian Davis Cup captain Julien Hoferlin has died at the age of 49 after a struggle with cancer, the Davis Cup site reported on Friday. Coach of the Belgian team between 2006-2008, he oversaw their promotion in 2007 to the World Group and also
Published 09 Apr, 2016 12:00am
Stokes ready for more 'death' duty despite World T20 final hurt

Stokes ready for more 'death' duty despite World T20 final hurt

England all-rounder Ben Stokes has insisted he is willing to bowl at the 'death' again despite being struck for four sixes in the last over of the World Twenty20 final defeat by the West Indies. With the West Indies needing 19 off the final six balls of l
Published 09 Apr, 2016 12:00am
Azhar rejects speculations about team members

Azhar rejects speculations about team members

Pakistan team's bowling coach Azhar Mahmood has dismissed all speculations about groupings in the team, saying there were no issues amongst the players during Asia Cup and World Twenty20. Azhar said the simple fact is that "our players are not good enough
Published 09 Apr, 2016 12:00am
Two dead in Armenia-Azerbaijan clashes despite ceasefire

Two dead in Armenia-Azerbaijan clashes despite ceasefire

Two ethnic Armenian troops died in fighting with Azerbaijani forces Friday as the archfoes accused each other of breaching a ceasefire that halted the worst outbreak of violence in decades over a disputed breakaway region. The latest clashes are the first
Published 09 Apr, 2016 12:00am
Dutch in 'unchartered waters' over EU-Ukraine 'No' vote

Dutch in 'unchartered waters' over EU-Ukraine 'No' vote

The Dutch government is in "uncharted waters" after voters rejected an EU deal with Ukraine in a non-binding poll, leaving its leaders to decide what to do next, Prime Minister Mark Rutte said Friday. Lawmakers will meet next week after Dutch voters on We
Published 09 Apr, 2016 12:00am
Offshore trust admission deepens British PM's problems

Offshore trust admission deepens British PM's problems

David Cameron had hoped to focus on campaigning to keep Britain in the EU before a referendum in June, but questions about his wealth, government spending and a steel crisis have blurred the prime minister's message. After four days and four different sta
Published 09 Apr, 2016 12:00am
Lebanon former minister jailed for 13 years

Lebanon former minister jailed for 13 years

A Lebanese military court sentenced former information minister Michel Samaha Friday to 13 years in prison with hard labour for attempting to commit "terrorist acts", a judicial source told AFP. Samaha, 68, was convicted of transporting explosives to carr
Published 09 Apr, 2016 12:00am
Algeria bans French journalist in row over Panama Papers

Algeria bans French journalist in row over Panama Papers

France has complained to Algeria over its decision to deny a visa for a Le Monde reporter to cover a trip by French Prime Minister Manuel Valls to Algiers after the newspaper published details of Algerian officials named in the Panama Papers. Citing docum
Published 09 Apr, 2016 12:00am
Italy recalls ambassador from Egypt in protest over slain student

Italy recalls ambassador from Egypt in protest over slain student

Italy on Friday recalled its ambassador to Egypt for consultations in protest over the lack of progress in a probe into the fate of murdered Cambridge student Giulio Regeni. The move came after two days of talks between Egyptian and Italian investigators
Published 09 Apr, 2016 12:00am
Nato to hold first Council meeting with Russia since 2014

Nato to hold first Council meeting with Russia since 2014

Nato will soon hold its first formal talks with Russia since 2014, its head said Friday, signalling a thaw in ties deeply strained by the Ukraine crisis. A meeting of Nato and Russian ambassadors will take place in two weeks at the US-led alliance's Bruss
Published 09 Apr, 2016 12:00am
Turkey, Israel near normal relations: Ankara

Turkey, Israel near normal relations: Ankara

Turkey and Israel are on the brink of restoring their ties after a bitter falling-out five years ago, the Turkish foreign ministry announced early Friday after talks in London. Nato member Turkey was a key regional ally of Israel until the two countries c
Published 09 Apr, 2016 12:00am
Portugal minister quits over Facebook 'slap' threat

Portugal minister quits over Facebook 'slap' threat

Portugal's culture minister resigned on Friday after triggering a social media storm by threatening to give two journalists a "good slap" on his Facebook page. Joao Soares, the son of a former Portuguese president, blasted journalists Augusto Seabra et Va
Published 09 Apr, 2016 12:00am
China FM says clarification needed on Panama Papers

China FM says clarification needed on Panama Papers

China needs clarification on a massive leak of documents from a Panamanian law firm that revealed the offshore financial arrangements of some of the world's rich and powerful, including family members of China's top leaders, Foreign Minister Wang Yi said
Published 09 Apr, 2016 12:00am
France urges more Southeast Asians to visit ahead of Euro 2016

France urges more Southeast Asians to visit ahead of Euro 2016

Southeast Asian travellers were encouraged to visit France Friday, as a top tourism official said adequate security measures had been put in place following two major terror attacks in Paris last year. France remained the world's top tourism destination i
Published 09 Apr, 2016 12:00am
Northern Cyprus names right-wing PM after government collapse

Northern Cyprus names right-wing PM after government collapse

The president of the breakaway Turkish Cypriot state Friday appointed the head of the conservative National Unity Party (UBP) as prime minister, after the collapse of the previous coalition. President Mustafa Akinci urged UBP leader Huseyin Ozgurgun to ra
Published 09 Apr, 2016 12:00am
Chairman LAC vows to revive cultural activities

Chairman LAC vows to revive cultural activities

The newly-appointed Chairman Lahore Arts Council Kamran Lashari has vowed to set policies after consultation with the cultural organizations in the city. He said the Punjab government was determined to promote culture and provide healthy entertainment to
Published 09 Apr, 2016 12:00am
SECP (Opportunity of Hearing) Regulations 2016 issued
Exchange

SECP (Opportunity of Hearing) Regulations 2016 issued

The Securities and Exchange Commission of Pakistan (SECP) has conveyed to the corporate sector that the notice of opportunity of hearing or show cause notice should include maximum penalty which may be imposed upon the regulated person if the offence is e
Published 09 Apr, 2016 12:00am
Economic corridor: speakers for improved communication strategies

Economic corridor: speakers for improved communication strategies

Participants of a bilateral China-Pakistan security dialogue on Friday agreed that improved communication strategies and transparency were central to successful, friction-free implementation of the China Pakistan Economic Corridor, the first major compone
Published 09 Apr, 2016 12:00am
Substandard milk confiscated

Substandard milk confiscated

The Punjab Food Authority claims to have confiscated 3,960 liters of substandard milk while checking milk-carrying vehicles at pickets set up by its field teams at different entry points of the provincial metropolis. Its field teams headed by Operations D
Published 09 Apr, 2016 12:00am
New York travel agent in court over Pakistani scam

New York travel agent in court over Pakistani scam

A New York travel agent appeared in court Thursday charged with conning more than $350,000 out of Pakistani immigrants who paid to go on Muslim pilgrimage to Makkah or fly home. Junaid Mirza, 50, who operated travel agencies in Brooklyn and one previously
Published 09 Apr, 2016 12:00am
Government believes in dignity of labour: Prime Minister

Government believes in dignity of labour: Prime Minister

Prime Minister Muhammad Nawaz Sharif Friday said present government believed in the dignity of labour and understood that a prosperous workforce could enable them to compete in a globalized market environment. He said this in a meeting with Minister for L
Published 09 Apr, 2016 12:00am
APBF delegation visits Italy to foster trade & investments

APBF delegation visits Italy to foster trade & investments

A high level delegation of All Pakistan Business Forum (APBF) recently visited Italy to hold several productive meetings with the Italian business community. One of the key meetings was held at the Italian Foreign Affairs office in Rome. The tour was grac
Published 09 Apr, 2016 12:00am
K-E continues drive against power thieves

K-E continues drive against power thieves

The K-Electric teams on Friday carried out 70 raids in different areas of the city including Orangi, Lyari, Bahadurabad, Saddar, Garden, Liaquatabad and Gulshan-e-Iqbal. In these raids, more than 2,300 illegal connections were pulled down weighing over 47
Published 09 Apr, 2016 12:00am
'BankIslami pioneer of using biometrics in banking'

'BankIslami pioneer of using biometrics in banking'

'BankIslami's attention is drawn to advertisements appearing in a section of press on April 08 where an impression has been created that Cardless Biometric ATM services have been offered first time in Pakistan. The factual position is that, BankIslami is
Published 09 Apr, 2016 12:00am
Abacus, Apigee to accelerate digital innovation
Exchange

Abacus, Apigee to accelerate digital innovation

Abacus Consulting, the leading consulting, technology and outsourcing firm, signed an agreement with Apigee to become the reseller partner for the Apigee API management platform. The signing ceremony was held in Karachi where Saad Syed, Sales Director MEA
Published 09 Apr, 2016 12:00am
Dr Ishrat joins Engro as Senior Advisor on Education

Dr Ishrat joins Engro as Senior Advisor on Education

In an announcement made by Engro Corporation, Dr Ishrat Husain, former Dean & Director of one of Pakistan's top business schools, has graciously accepted the position of Senior Advisor on Education to Engro Corporation's Chairman, Hussain Dawood. Hussain
Published 09 Apr, 2016 12:00am
MQM legislators protest water shortage in Hyderabad

MQM legislators protest water shortage in Hyderabad

The MQM legislators on Friday protested against water shortage in Hyderabad but the treasury dismissed the main opposition's complaint during the Sindh Assembly sitting. The protesting MQM lawmakers also staged a walkout to press their demand and slammed
Published 09 Apr, 2016 12:00am
Qadir Patel gets protective bail

Qadir Patel gets protective bail

Sindh High Court (SHC) on Friday granted protective bail to Pakistan People's Party leader Abdul Qadir Patel. Patel, who is currently out of the country for treatment, is accused of asking Dr Asim to treat the injured terrorists at Ziauddin Hospital. The
Published 09 Apr, 2016 12:00am
Fata schools KP governor launches enrollment drive

Fata schools KP governor launches enrollment drive

KP Governor Iqbal Zafar Jhagra on Friday formally launched the education campaign to enroll 100 percent children in schools in Fata. He said education and knowledge are keys to socio-economic development of the country. He said education was given top mos
Published 09 Apr, 2016 12:00am
All institutions on the same page: President

All institutions on the same page: President

President Mamnoon Hussain Friday said that for the first time in Pakistan's history, all institutions were on the same page regarding the problems confronting the country. Addressing the Army officials undergoing training at the Command and Staff College,
Published 09 Apr, 2016 12:00am
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