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Dec 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-06-24
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 24 Jun, 2016 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 24 Jun, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 24 Jun, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 24 Jun, 2016 12:00am
Go trendy with your bracelets and bangles

Go trendy with your bracelets and bangles

Bangles are one of the essential ornaments for women on every festival and occasion. The vivid and colorful bangles add beauty boost to the overall look of women of every age group. Wearing bangles on festivals and occasions is a centuary's old tradition.
Published 24 Jun, 2016 12:00am
Follow these tips to get glowing skin before Eid
Cotton

Follow these tips to get glowing skin before Eid

Shimmering, spotless and smooth skin is every woman's dream. A number of expansive skin care products are easily available in markets but just relying on these products cannot give you desirable results. More you take care of your skin more it gives you a
Published 24 Jun, 2016 12:00am
Iran says it seeks better ties with neighbours

Iran says it seeks better ties with neighbours

The Director General (DG) of Khana-e-Farhang in Peshawar said that the Islamic Republic of Iran wants better relations with its neighbouring countries. He was talking to reporters during visit to Peshawar Press Club (PPC) on Thursday. Ali Yousofi said tha
Published 24 Jun, 2016 12:00am
The Finance Bill 2016: List of amendments
Cotton

The Finance Bill 2016: List of amendments

CLAUSE 1: 1. Senator Mohammad Ishaq Dar, Minister for Finance, Revenue, Economic Affairs, Statistics and Privatization to move that in the Finance Bill, 2016 as introduced in the National Assembly, in clause 1, for sub-clause (3), the following shall be s
Published 24 Jun, 2016 12:00am
The Finance Bill 2016: List of amendments
Cotton

The Finance Bill 2016: List of amendments

CLAUSE 1: 1. Senator Mohammad Ishaq Dar, Minister for Finance, Revenue, Economic Affairs, Statistics and Privatization to move that in the Finance Bill, 2016 as introduced in the National Assembly, in clause 1, for sub-clause (3), the following shall be s
Published 24 Jun, 2016 12:00am
The Finance Bill 2016: List of amendments
Cotton

The Finance Bill 2016: List of amendments

CLAUSE 1: 1. Senator Mohammad Ishaq Dar, Minister for Finance, Revenue, Economic Affairs, Statistics and Privatization to move that in the Finance Bill, 2016 as introduced in the National Assembly, in clause 1, for sub-clause (3), the following shall be s
Published 24 Jun, 2016 12:00am
HRW wheat bids higher

HRW wheat bids higher

Spot basis bids for hard red winter wheat in the southern US Plains on Tuesday were mostly steady, but firm at one location to offset the decline in futures, merchants said. K.C. July HRW wheat drifted to life of contract lows in sympathy with the selloff
Published 24 Jun, 2016 12:00am
Brazil's cocoa imports triple due to drought

Brazil's cocoa imports triple due to drought

Brazil's import of cocoa jumped to 37 tonnes from January through May compared with 11 tonnes over the same period last year as domestic output of the commodity fell due to poor rains in producing regions. It was the highest volume of imports over the per
Published 24 Jun, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,577 million and the number of lots traded was 12,338. PMEX Commodity Index closed at 2,864. Major business was contributed by gold amounting to PKR 2,086 million followed by curr
Published 24 Jun, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 183,168 tonnes of cargo comprising 158,065 tonnes of import cargo and 25,103 tonnes of export cargo including 5,701 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 24 Jun, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

Deliveries were lower on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The July vaida settled at Rs 2050.60 on Wednesday and it commenced with 20 paisas fall at Rs 2050.40 in wee hours, they added.
Published 24 Jun, 2016 12:00am
Prices firm on persisting demand
Cotton

Prices firm on persisting demand

Persisting demand by mills and spinners helped rates to sustain present levels on the cotton market on Thursday, dealers said. The official spot rate was unchanged at Rs 5,600, dealers said. In Sindh, prices of seed cotton were at Rs 3250 and Rs 3300, per
Published 24 Jun, 2016 12:00am
Low cotton stocks propel prices higher
Cotton

Low cotton stocks propel prices higher

With the depletion of the cotton stocks from the current season (August 2015/July 2016) to negligible numbers and arrivals of new crop (August 2016 / July 2017) not foreseen before the Eid-ul-Fitr holidays in higher quantities, domestic lint prices have r
Published 24 Jun, 2016 12:00am
Low cotton stocks propel prices higher
Cotton

Low cotton stocks propel prices higher

With the depletion of the cotton stocks from the current season (August 2015/July 2016) to negligible numbers and arrivals of new crop (August 2016 / July 2017) not foreseen before the Eid-ul-Fitr holidays in higher quantities, domestic lint prices have r
Published 24 Jun, 2016 12:00am
US natural gas futures hit 10-month high

US natural gas futures hit 10-month high

US natural gas futures on Tuesday climbed to a 10-month high on forecasts for continued hot weather that is expected to keep power demand for gas at record levels to meet air conditioning use through early July. Out West, California this week passed the f
Published 24 Jun, 2016 12:00am
Slow business on grain market
Cotton

Slow business on grain market

A thin trading activity was seen on the wholesale grain market on Thursday in the process of trading, dealers said. On the cereals side, Makai lost Rs 65 to Rs 2250 and Rs 2315, other commodities maintained overnight levels, they said. On the seeds side,
Published 24 Jun, 2016 12:00am
Cotton up on spillover from speculative buying in grains
Cotton

Cotton up on spillover from speculative buying in grains

ICE cotton futures rose on Wednesday as speculative buying in the grains market slightly lifted prices in light volume trade ahead of Thursday's British referendum on its EU membership. "People are being a little bit cautious and nervous and rightfully so
Published 24 Jun, 2016 12:00am
Shanghai copper up

Shanghai copper up

Shanghai Futures Exchange copper closed up 1 percent at 36,270 yuan ($5,512) a tonne but gains were capped as Britain geared up to vote on whether to leave the European Union. China's domestic copper market tightened in early June, as surplus metal was mo
Published 24 Jun, 2016 12:00am
Copper hits seven-week peak on optimism Britain will stay in EU
Currency

Copper hits seven-week peak on optimism Britain will stay in EU

Copper prices rose to their highest in seven weeks on Thursday as opinion polls indicating that Britons favour staying in the European Union boosted sentiment that was also reinforced by a weaker dollar. Benchmark copper on the London Metal Exchange (LME)
Published 24 Jun, 2016 12:00am
Oil up in choppy trade ahead of Britain's EU vote

Oil up in choppy trade ahead of Britain's EU vote

Oil prices rose in volatile trade on Thursday, with investors less worried about prospects for the global economy after the last pre-vote opinion polls showed Britain was likely to remain in the European Union. Oil prices were also supported by market int
Published 24 Jun, 2016 12:00am
Rubber flat

Rubber flat

Benchmark Tokyo rubber futures ended flat on Thursday, retreating from a two-week high hit earlier in the session on a weaker yen, as investors cautiously awaited the United Kingdom's vote on whether to stay in the European Union. The Tokyo Commodity Exch
Published 24 Jun, 2016 12:00am
Arabica coffee up; London cocoa down on stronger pound

Arabica coffee up; London cocoa down on stronger pound

Arabica coffee on ICE firmed in technically driven dealings on Thursday, supported by a weaker dollar, while a stronger pound weighed on London cocoa. Raw sugar futures dipped as harvest weather conditions improved and port congestion eased in centre-sout
Published 24 Jun, 2016 12:00am
Gold slides in New York

Gold slides in New York

Gold fell to a two-week low on Wednesday after its biggest one-day drop in four weeks, as expectations that Britain will vote to remain in the European Union reduced risk aversion and lent a firmer tone to stocks. The metal fell nearly 2 percent on Tuesda
Published 24 Jun, 2016 12:00am
Gold rises in Asia

Gold rises in Asia

Gold edged up after touching a fresh two-week low early on Thursday on cautious optimism that British voters would opt to stay in the European Union. A vote to leave the 28-member bloc could tips Europe back into recession, putting more pressure on the gl
Published 24 Jun, 2016 12:00am
Gold hits two-week low in Europe

Gold hits two-week low in Europe

Gold fell to a two-week low on Thursday as the last sweep of opinion polls before Britain's referendum on EU membership began gave the campaign to stay in the bloc a slight edge. Britons were voting on Thursday in the referendum that has divided the natio
Published 24 Jun, 2016 12:00am
Congo copper production down 20 percent in first quarter

Congo copper production down 20 percent in first quarter

Copper production in Democratic Republic of Congo, Africa's top miner of the metal, dropped 20 percent in the first quarter of 2016, while cobalt and gold output also slumped amid low prices and production cutbacks, the central bank said on Saturday. The
Published 24 Jun, 2016 12:00am
US MIDDAY: corn extends losing streak

US MIDDAY: corn extends losing streak

US corn futures sank 1.3 percent to a six-week low on Thursday, under pressure from improving weather forecasts across the US Midwest as the crop nears key developmental phases, analysts said. The weather outlook also weighed on soyabeans, which eased to
Published 24 Jun, 2016 12:00am
Nigeria's Silverbird Group shut over alleged unpaid debts

Nigeria's Silverbird Group shut over alleged unpaid debts

Nigerian media, entertainment and real estate firm the Silverbird Group has been shut, its founder and owner confirmed on Thursday, amid reports it defaulted on $38 million in debts. Silverbird Television and its sister radio station Rhythm 93.7 FM have b
Published 24 Jun, 2016 12:00am
Enlarged Panama Canal expected to boost US-Asia trade

Enlarged Panama Canal expected to boost US-Asia trade

With its capacity boosted by nearly three times, Panama's enlarged canal - set to be inaugurated on Sunday - is expected to stimulate trade between the United States and Asia, and steal business from the rival Suez canal. "A good deal of the commerce betw
Published 24 Jun, 2016 12:00am
Bombardier to get $1 billion investment from Quebec

Bombardier to get $1 billion investment from Quebec

Planemaker Bombardier Inc said on Thursday the Canadian province of Quebec agreed to invest $1 billion in its CSeries aircraft program, which has struggled with years of delays and cost overruns. Bombardier said it would transfer the assets, liabilities a
Published 24 Jun, 2016 12:00am
Political uncertainty dampens eurozone business activity

Political uncertainty dampens eurozone business activity

Political and economic uncertainty dampened eurozone private sector business activity in June, a closely watched survey showed Thursday. Data monitoring company Markit did not cite Britain's EU referendum as the specific cause of the downturn but the vote
Published 24 Jun, 2016 12:00am
Worried Britons crowd foreign currency exchanges
Currency

Worried Britons crowd foreign currency exchanges

Foreign currency dealerships have seen a boom in trade in recent days with Britons lining up to sell their pounds, concerned about a devaluation if Britain votes to leave the EU on Thursday. "People are purchasing to be on the safe side," said Niroshan Fe
Published 24 Jun, 2016 12:00am
Air Serbia flies to US after 24-year hiatus

Air Serbia flies to US after 24-year hiatus

An Air Serbia plane took off from Belgrade for New York Thursday - the company's first direct flight to the United States after a 24-year interruption which began during the Balkan conflicts. The direct connection "will boost our economic growth and bring
Published 24 Jun, 2016 12:00am
China banks write off $300 billion in bad loans

China banks write off $300 billion in bad loans

Chinese banks have written off more than $300 billion of bad loans in the past three years, an official said Thursday as Beijing seeks to reassure investors that the country can cope with its mounting debt problem. The giant figure comes as Beijing has ma
Published 24 Jun, 2016 12:00am
China says debt won't pose systemic risk if economic growth reasonable

China says debt won't pose systemic risk if economic growth reasonable

China's debt defaults will not pose a systemic risk as long as economic growth remains within a reasonable range, a state planning official said on Thursday. The country's overall debt risk is generally controllable, and corporate leverage ratios even hav
Published 24 Jun, 2016 12:00am
Tesco supermarket posts rising sales

Tesco supermarket posts rising sales

Britain's biggest retailer, supermarket group Tesco, announced Thursday a rise in first quarter sales alongside news it was further trimming operations. Tesco, which earlier this month said it was exiting Turkey to focus internationally on Central Europe
Published 24 Jun, 2016 12:00am
Tesco supermarket posts rising sales

Tesco supermarket posts rising sales

Britain's biggest retailer, supermarket group Tesco, announced Thursday a rise in first quarter sales alongside news it was further trimming operations. Tesco, which earlier this month said it was exiting Turkey to focus internationally on Central Europe
Published 24 Jun, 2016 12:00am
19 arrested in China metals exchange probe

19 arrested in China metals exchange probe

A total of 19 people connected to a troubled Chinese metals exchange have been arrested, authorities said, after repeated protests by disgruntled investors and as the number of cases of financial fraud rise. Shan Jiuliang, chairman of Fanya Metals Exchang
Published 24 Jun, 2016 12:00am
US jobless claims, factory data point to firming economy

US jobless claims, factory data point to firming economy

The number of Americans filing for unemployment benefits fell last week to near a 43-year low, suggesting labour market resilience even though hiring slowed sharply in May. Other data on Thursday also gave a fairly upbeat assessment of the economy after i
Published 24 Jun, 2016 12:00am
Most Gulf markets up in thin trade; Egypt bounces

Most Gulf markets up in thin trade; Egypt bounces

Most stock markets in the Gulf made small gains on Thursday, but trading volumes were thin because of uncertainty over the result of Britain's vote on whether to stay in the European Union. In Saudi Arabia, the main stock index closed up 0.3 percent with
Published 24 Jun, 2016 12:00am
Sri Lankan shares hit two-month low

Sri Lankan shares hit two-month low

Sri Lankan shares fell for a fourth straight session to hit a two-month closing low on Thursday as investors turned cautious ahead of a rate announcement by the central bank. The central bank will announce June monetary policy rates at 1230 GMT on Friday
Published 24 Jun, 2016 12:00am
Thursday's early afternoon trade: major indexes rally

Thursday's early afternoon trade: major indexes rally

The three major US stock indexes rose about 1 percent each to record their biggest percentage gains in a month as investors grew confident that Britain would choose to remain in the European Union in Thursday's referendum. Markets across the globe have be
Published 24 Jun, 2016 12:00am
Wall Street dips in low trading volume

Wall Street dips in low trading volume

US stocks dipped in low trading volume on Wednesday, with traders focusing on Thursday's referendum on whether Britain will remain part of the European Union. Stocks rose early after data showed US home resales rose in May to a more than nine-year high, a
Published 24 Jun, 2016 12:00am
Hong Kong shares rise

Hong Kong shares rise

Hong Kong shares rose for their fifth straight day on Thursday, reflecting growing optimism that Britain will vote to stay in the European Union. The Hang Seng index rose 0.4 percent, to 20,868.34, while the China Enterprises Index gained 0.3 percent, to
Published 24 Jun, 2016 12:00am
Treasury prices up on safety buying

Treasury prices up on safety buying

US Treasury prices gained on safety buying on Wednesday after two opinion polls showed that the campaign for Britain to leave the European Union held a lead, a day before Thursday's membership referendum. Concerns about possible repercussions if Britain d
Published 24 Jun, 2016 12:00am
Treasury prices up on safety buying

Treasury prices up on safety buying

US Treasury prices gained on safety buying on Wednesday after two opinion polls showed that the campaign for Britain to leave the European Union held a lead, a day before Thursday's membership referendum. Concerns about possible repercussions if Britain d
Published 24 Jun, 2016 12:00am
Australian, New Zealand shares up

Australian, New Zealand shares up

Australian shares ended 0.2 percent higher on Thursday as investors waited to see whether Britain will vote to leave the euro zone. The S&P/ASX 200 index firmed by 9.8 points to 5280.70 at the close of trade. The benchmark also barely changed on Wednesday
Published 24 Jun, 2016 12:00am
Tokyo shares rise

Tokyo shares rise

Tokyo shares moved higher in thin trading Thursday morning, just hours before the start of Britain's knife-edge vote on its future in the European Union. Traders shrugged off a negative lead from Wall Street, but many kept on the sidelines as sentiment ta
Published 24 Jun, 2016 12:00am
Indian shares spring back

Indian shares spring back

Indian shares reversed two sessions of losses to close higher on Thursday as poll booths opened for Britons to vote on a referendum about whether or not to exit the European Union. The BSE index ended 0.88 percent higher at 27,002.22, while the broader NS
Published 24 Jun, 2016 12:00am
European shares rise ahead of Britain's EU referendum result

European shares rise ahead of Britain's EU referendum result

European shares rose for the fifth day running on Thursday, assisted by firmer banks and miners and expectations that Britain would vote to stay in the European Union. The pan-European STOXX 600 and FTSEurofirst 300 indexes rose 1.5 and 1.3 percent respec
Published 24 Jun, 2016 12:00am
Southeast Asian stocks cautious as Brexit vote begins

Southeast Asian stocks cautious as Brexit vote begins

Most Southeast Asian stocks edged higher as cautious investors kept a keen eye out for Britons voting to decide the future of their country in a referendum on Thursday, even as bookmakers' odds shifted in favour of remaining in the European Union. The ste
Published 24 Jun, 2016 12:00am
China stocks fall

China stocks fall

China stocks fell on Thursday, but volumes were thin as most investors kept to the sidelines awaiting the outcome of Britain's vote on whether to leave the European Union. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.5
Published 24 Jun, 2016 12:00am
FTSE hits two-month high as Britain votes on EU membership

FTSE hits two-month high as Britain votes on EU membership

Britain's top share index rose to a two-month high on Thursday as Britons voted on membership of the European Union after opinion polls showed support for the "Remain" camp rising. Two opinion polls published late on Wednesday showed signs of a last-minut
Published 24 Jun, 2016 12:00am
Sterling advances in Asia
Currency

Sterling advances in Asia

The pound advanced to a six-month high against the dollar on Thursday after the latest polls favoured Britain remaining in the European Union, just hours before referendum voting was due to open. Polls by ComRes, conducted for the Daily Mail newspaper and
Published 24 Jun, 2016 12:00am
Early trade in New York: Dollar down as sterling, euro surge
Currency

Early trade in New York: Dollar down as sterling, euro surge

Sterling hit a 2016 high and the euro surged against the dollar and yen on Thursday after a series of late opinion polls favoured Britain staying in the European Union and bookmakers' odds indicated a further shift towards the "remain" camp. Analysts said
Published 24 Jun, 2016 12:00am
Reduced Brexit fears lift European, commodity currencies

Reduced Brexit fears lift European, commodity currencies

The dollar was broadly weaker on Wednesday as risk appetite returned to markets, boosting higher-risk currencies, while sterling and the euro rose on the last day of campaigning before Britain's referendum on European Union membership. A swing in bookmake
Published 24 Jun, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 78.40-78.40 (previous 78.40-78.40).
Published 24 Jun, 2016 12:00am
China's yuan flat

China's yuan flat

The yuan was little changed against the dollar in cautious trade on Thursday, with some traders squaring their long dollar positions ahead of Britain's referendum on whether to stay in or leave the European Union. The dollar index slid 0.3 percent on Wedn
Published 24 Jun, 2016 12:00am
Aussie, kiwi up

Aussie, kiwi up

The Australian and New Zealand dollars stayed firm on Thursday, with the kiwi a whisker short of a one-year peak, on optimism that Britain will stay in the European Union. Just hours before UK voters begin to cast their votes in a historic EU membership r
Published 24 Jun, 2016 12:00am
Bremain hopes support Asia FX before UK vote
Currency

Bremain hopes support Asia FX before UK vote

Most emerging Asian currencies rose in lacklustre trade on Thursday, as investors cautiously hoped that Britons would decide to stay in the European Union a few hours ahead of the UK vote. The Singapore dollar advanced to its strongest level in more than
Published 24 Jun, 2016 12:00am
Sri Lankan rupee one-week forwards up
Currency

Sri Lankan rupee one-week forwards up

Sri Lankan rupee one-week forwards ended firmer on Thursday due to dollar selling by exporters who were expecting further strengthening of the currency after a state-run bank sold the US currency in early trade, dealers said. Importers were reluctant to b
Published 24 Jun, 2016 12:00am
Sweden bids adieu to 'proud' Zlatan

Sweden bids adieu to 'proud' Zlatan

Sweden bid farewell to Zlatan Ibrahimovic with noisy tributes but no goals and exited the European Championship finals meekly after a 1-0 defeat by Belgium. The brash giant of football ended his 116-cap international career on Wednesday with 62 often spec
Published 24 Jun, 2016 12:00am
Kenyan president signs anti-doping bill into law

Kenyan president signs anti-doping bill into law

Kenyan President Uhuru Kenyatta on Thursday signed the amended anti-doping bill into law in a move that clears the way for the World Anti-Doping Agency (WADA) to review Kenya's compliance with its code. WADA's compliance committee had ruled that Kenya was
Published 24 Jun, 2016 12:00am
Ronaldo rescues Portugal, Iceland, Ireland into last 16

Ronaldo rescues Portugal, Iceland, Ireland into last 16

Cristiano Ronaldo hit a double in an "insane" European Championship 3-3 thriller against Hungary that gave him a new record and secured Portugal a last-16 place. Iceland set up a last-16 clash with England as substitute Ingvi Traustason's last-gasp winner
Published 24 Jun, 2016 12:00am
Ex-captain Kumble named new India coach

Ex-captain Kumble named new India coach

Former Test captain Anil Kumble was on Thursday named the new head coach of India for a one-year period, taking over the reins of one of the most high-profile sides in world cricket. The highest Indian Test wicket-taker, Kumble, 45, is known for his work
Published 24 Jun, 2016 12:00am
Injured Azarenka out of Wimbledon

Injured Azarenka out of Wimbledon

Victoria Azarenka will miss Wimbledon with a knee injury which flared up at the French Open, organisers announced on Thursday. "Victoria Azarenka has withdrawn from Wimbledon due to a knee injury. Get well soon, @vika7" Wimbledon posted on twitter.
Published 24 Jun, 2016 12:00am
Suspended Kuwait seeks $1 billion in damages from IOC

Suspended Kuwait seeks $1 billion in damages from IOC

Kuwait has filed suit in a Swiss court seeking $1 billion in damages from the International Olympic Committee over its suspension from competition, its youth and information minister said. The IOC and world football governing body FIFA suspended Kuwait in
Published 24 Jun, 2016 12:00am
Qualifier Puig extends dream Eastbourne run

Qualifier Puig extends dream Eastbourne run

Qualifier Monica Puig extended her fairytale run at the WTA Eastbourne event, defeating Kristina Mladenovic 7-6 (8/6), 4-6, 6-3 on Thursday to move into the quarter-finals. Shortly after the 43rd-ranked Puerto Rican booked her place, top seed and 2008 cha
Published 24 Jun, 2016 12:00am
Rome's new mayor pledges billion bonus from corruption crackdown

Rome's new mayor pledges billion bonus from corruption crackdown

Rome's first female mayor takes office Thursday pledging to raise more than a billion euros a year for flagging public services with a crackdown on waste, mismanagement and corruption. Backed by two thirds of voters in Sunday's election, Virginia Raggi no
Published 24 Jun, 2016 12:00am
First of two French-made warships arrives in Egypt

First of two French-made warships arrives in Egypt

The first of two French-made warships sold to Egypt after France cancelled their sale to Russia arrived off the coast of Alexandria on Thursday, local media reported. Two local television channels broadcast live footage of the Mistral assault ship as it a
Published 24 Jun, 2016 12:00am
51 dead in extreme weather in eastern China

51 dead in extreme weather in eastern China

Extreme weather, including hailstorms, heavy rain and a tornado, killed 51 and injured dozens in China's eastern Jiangsu province, the official Xinhua news agency reported Thursday. The storms hit Yancheng city in the province around 2:30 pm (0630 GMT) on
Published 24 Jun, 2016 12:00am
Solar plane completes first-ever Atlantic flight

Solar plane completes first-ever Atlantic flight

The Solar Impulse 2 landed in Spain Thursday after completing a 71-hour flight from New York in the first "magical" solo transatlantic crossing in a solar-powered airplane. Applause broke out as the experimental plane set down at Seville airport in southe
Published 24 Jun, 2016 12:00am
Thousands march in tense Paris labour protest

Thousands march in tense Paris labour protest

Thousands of people opposed to France's hotly contested labour reforms were back in the streets of Paris on Thursday in the first violence-free protest in weeks. Some 2,000 riot police were deployed to prevent a repeat of bloody scenes from the last such
Published 24 Jun, 2016 12:00am
Australians, New Zealander, South African kidnapped in Nigeria

Australians, New Zealander, South African kidnapped in Nigeria

Three Australians, a New Zealander and a South African have been kidnapped along with two locals in Nigeria's south-east after their vehicle was attacked, officials said on Thursday. The hold-up, in which the driver was shot dead, happened in the Akpabuyo
Published 24 Jun, 2016 12:00am
'The Voice' TV firm wins China court contest

'The Voice' TV firm wins China court contest

The Dutch production company behind the global reality-television hit "The Voice" has won a rare intellectual property rights victory in China, with a court ordering its former local partner to rename its version of the show. Talpa Media and Star China Me
Published 24 Jun, 2016 12:00am
Supreme Court tie blocks Obama's immigration plan

Supreme Court tie blocks Obama's immigration plan

President Barack Obama's efforts to shield millions of illegal immigrants from deportation suffered a major setback at the US Supreme Court on Thursday. Justices in the under-strength court were split four-four over Obama's bid to change immigration polic
Published 24 Jun, 2016 12:00am
US Democrats end sit-in protest over gun control

US Democrats end sit-in protest over gun control

US Democrats on Thursday ended a sit-in protest on the floor of the House of Representatives after more than 24 hours, pledging to continue the fight for tighter gun controls in the wake of the Orlando massacre. "By sitting in, we are really standing up f
Published 24 Jun, 2016 12:00am
Egyptian asylum seeker dies in Greek camp brawl

Egyptian asylum seeker dies in Greek camp brawl

An Egyptian asylum seeker died Thursday after a brawl inside a migration camp on the Greek island of Chios, police said. The 32-year-old man died in hospital, the victim of an apparent stabbing, a police source told AFP. His alleged attacker, also Egyptia
Published 24 Jun, 2016 12:00am
EU-backed Israeli-Palestinian meeting fails to materialise

EU-backed Israeli-Palestinian meeting fails to materialise

A hoped-for first meeting between Israeli President Reuven Rivlin and Palestinian leader Mahmud Abbas under EU auspices in Brussels failed to materialise, diplomatic sources said Thursday. European Parliament head Martin Schulz on Wednesday tried to arran
Published 24 Jun, 2016 12:00am
Former UN General Assembly president John Ashe dies

Former UN General Assembly president John Ashe dies

Former UN General Assembly president John Ashe, who was accused in a corruption scandal, died of a heart attack Wednesday at the age of 61, officials said. The US authorities arrested Ashe, who was General Assembly president for a year from September 2013
Published 24 Jun, 2016 12:00am
Antibodies found which 'neutralise' Zika virus

Antibodies found which 'neutralise' Zika virus

European scientists announced Thursday they had discovered antibodies which attack Zika, a step they hope will pave the way for a protective vaccine against the brain-damaging virus. The antibodies - frontline soldiers in the immune system - "efficiently
Published 24 Jun, 2016 12:00am
Volkswagen to pay $10 billion in US over emissions scandal

Volkswagen to pay $10 billion in US over emissions scandal

Volkswagen has agreed to pay $10 billion to settle a huge US civil case over its diesel emissions-cheating scandal, a person familiar with the negotiations told AFP on Thursday. As part of the settlement, Volkswagen would compensate owners of around 480,0
Published 24 Jun, 2016 12:00am
Merrill Lynch fined $415 million for using customer funds

Merrill Lynch fined $415 million for using customer funds

US securities regulators fined Bank of America's Merrill Lynch $415 million Thursday for wrongly tapping customer accounts for billions of dollars for its own trading activities. Merrill, a wholly-owned subsidiary of Bank of America, from 2009 through 201
Published 24 Jun, 2016 12:00am
Merrill Lynch fined $415 million for using customer funds

Merrill Lynch fined $415 million for using customer funds

US securities regulators fined Bank of America's Merrill Lynch $415 million Thursday for wrongly tapping customer accounts for billions of dollars for its own trading activities. Merrill, a wholly-owned subsidiary of Bank of America, from 2009 through 201
Published 24 Jun, 2016 12:00am
Reshuffle in Balochistan bureaucracy

Reshuffle in Balochistan bureaucracy

Dr Omar Babar (BCS/BS-20), Secretary Colleges, Higher and Technical Education has been transferred and posted as Secretary Secondary Education with immediate effect, said a notification issued by the Balochistan government. Abdul Sabboor Kakar (BCS/BS-20)
Published 24 Jun, 2016 12:00am
NSC membership President thanks China for support

NSC membership President thanks China for support

President Mamnoon Hussain and Chinese President Xi Jinping on Thursday expressed resolve to maintain close collaboration for the region's security and prosperity and to jointly fight against terrorism and separatism. The two leaders expressed these views
Published 24 Jun, 2016 12:00am
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