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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-07-02
THE RUPEE: weak trend
Currency

THE RUPEE: weak trend

Easier trend persisted on the money market on Friday as the rupee shed further ground against the dollar in the process of trading, dealer said. The rupee shed 10 paisas against the dollar for buying and selling at Rs 105.00 and Rs 105.20 respectively, th
Published 02 Jul, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Jul, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Jul, 2016 12:00am
Feelgood green film is huge hit in France
Currency

Feelgood green film is huge hit in France

When the French actress Melanie Laurent read a now famous 2012 paper by leading scientists warning that the Earth's climate was reaching a tipping point from which it may never recover, she sat down and wept. "I was pregnant, and I was so shocked I spent
Published 02 Jul, 2016 12:00am
Tale of Brazil slum orchestra has audiences in tears

Tale of Brazil slum orchestra has audiences in tears

It's what modern fairytales are made of. A classical violinist wracked with self-doubt takes a job teaching children in one of Brazil's most crime-ridden favelas, and ends up creating an orchestra with young delinquents and teenage mothers.
Published 02 Jul, 2016 12:00am
A very British, and muddy, Glastonbury wraps up for another year

A very British, and muddy, Glastonbury wraps up for another year

As weary Glastonbury fans extricated their tents and cars from the ankle-deep mud on Monday morning, they could at least bathe in the glow of a "Best of British" music festival that did something to dispel their gloom at seeing fellow Britons vote to leav
Published 02 Jul, 2016 12:00am
Luxury brands struggle to attract Internet generation
Currency

Luxury brands struggle to attract Internet generation

Seducing hyper-connected "Millennials" poses an increasing challenge for luxury brands, which find their markets slowing as young, skeptical consumers force them to rethink strategies. Goldman Sachs estimates that 92 million Americans are in the Millennia
Published 02 Jul, 2016 12:00am
Showcase happy feet with bright nail polish and gel

Showcase happy feet with bright nail polish and gel

Footcare is a top priority when showcasing your feet in sandals or flip-flops. Chiropodist Tatjana Pfersich's advice is to make sure the skin is smooth and the toenails are cut correctly before freeing your feet to the world.
Published 02 Jul, 2016 12:00am
Mehndi trends
Cotton

Mehndi trends

As the holy month of Ramazan is ending, the festive spirit of Eid day celebration is reaching itsclimax. The jubilant atmosphere has covered every city with colours, enthusiasm, zest, and earthy aroma of mehndi. Applying henna on hands and feet is a centu
Published 02 Jul, 2016 12:00am
Intelligent fridges are not so smart

Intelligent fridges are not so smart

Defrosting a fridge or freezer is one of the more tiresome chores in the home. And judging by the home-appliance industry, it's also one that belongs in the past. No-frost fridges are the future and so too are fridges with temperature zones that keep diff
Published 02 Jul, 2016 12:00am
The digital-age negative: The RAW format saves the perfect photo

The digital-age negative: The RAW format saves the perfect photo

In this era of digital cameras and smartphones, digital photography has become ubiquitous and one image format for photos has dominated all the others: the JPEG. However, for people who're more serious about their photography the RAW format is worth consi
Published 02 Jul, 2016 12:00am
Suitable smartphone and tablet apps for the kids

Suitable smartphone and tablet apps for the kids

Wooden toys, building blocks and a horde of stuffed animals: once they were common sights in children's rooms. But today a smartphone or a tablet is as likely to be found tossed casually on a child's bed. Even for kids as young as 3, programmes offer play
Published 02 Jul, 2016 12:00am
Art Facts: Exploring new vistas

Art Facts: Exploring new vistas

Exploring the vibrant relationship between the artist, curator and viewers Sanat Gallery, Karachi hosted a group exhibition titled "What Belongs to You", on its second anniversary, which was based on the experimental works of young artists.
Published 02 Jul, 2016 12:00am
Karachi Chronicle: Eid feast

Karachi Chronicle: Eid feast

Ramazan and Eid have food traditions upheld since ancient times, such as dates and drink to break the fast, followed after evening prayers by the sole meal of the day; and on Eid one of the sweet dishes made with vermicelli such as surgary sevaiyan with l
Published 02 Jul, 2016 12:00am
Works of high aesthetic value

Works of high aesthetic value

Calligraphy is not just beautiful handwriting. It is a form of art with its own geometry and proportions which have evolved over decades. For centuries calligraphers preserved calligraphic traditions and passed on to next generation and hence calligraphy
Published 02 Jul, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 12,190 million and the number of lots traded was 23,070. PMEX Commodity Index closed at 2,908. Major business was contributed by currencies through COTS amounting to PKR 8,908 milli
Published 02 Jul, 2016 12:00am
European wheat futures fall to contract lows

European wheat futures fall to contract lows

European wheat futures in Paris fell to contract lows on Wednesday as a slide in Chicago prices and an export-punishing firm euro added to pressure from fears that heavy rain will damage harvest quality in France. Front month September milling wheat on th
Published 02 Jul, 2016 12:00am
US FOB Gulf corn, soyabean offers rise

US FOB Gulf corn, soyabean offers rise

Export premiums for corn and soyabeans shipped from the US Gulf Coast firmed on Wednesday in tandem with higher CIF barge basis values amid strong export demand, traders said. Soft red winter wheat export premiums were mostly flat on sluggish demand, whil
Published 02 Jul, 2016 12:00am
US Plains HRW wheat bids mixed

US Plains HRW wheat bids mixed

Spot basis bids for hard red winter wheat were mixed in the southern US Plains on Wednesday as the harvest rolled northward and spot K.C. HRW wheat futures dipped below $4 a bushel, merchandisers said. The basis fell by 2 cents at Goodland, in north-west
Published 02 Jul, 2016 12:00am
US natural gas futures lower

US natural gas futures lower

US natural gas futures edged lower on Wednesday on midday forecasts calling for less hot weather for the next two weeks as the market waits for direction from the federal government's weekly storage report on Thursday. Earlier Wednesday, futures hit a 13-
Published 02 Jul, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 130,977 tonnes of cargo comprising 111,192 tonnes of import cargo and 19,785 tonnes of export cargo including 3,850 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 111
Published 02 Jul, 2016 12:00am
Cotton market: upward march Continues
Cotton

Cotton market: upward march Continues

Prices extended overnight gains on the cotton market on Friday, dealers said. The official spot rate moved up by Rs 200 to Rs 5,950, dealers said. In Sindh seed cotton prices were at Rs 3000-3250 while in Punjab phutti prices were at Rs 3000 and Rs 3300,
Published 02 Jul, 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 02 Jul, 2016 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Wednesday for the third straight session, lifted by short-covering ahead of a US government crop report due on Thursday. Statistics Canada estimated canola plantings of 20 million acres, in line with trade expectations.
Published 02 Jul, 2016 12:00am
Cotton futures shed over two percent on bearish USDA reports
Cotton

Cotton futures shed over two percent on bearish USDA reports

Cotton futures fell over 2 percent on Thursday to mark their biggest one-day loss in over nine months after the US government raised its annual planting figures for the natural fibre. US farmers planted 10.02 million acres of cotton for 2016, above the tr
Published 02 Jul, 2016 12:00am
Shanghai copper down

Shanghai copper down

The most-traded copper contract on the Shanghai Futures Exchange finished down 0.2 percent to 37,440 yuan a tonne on Friday as expectations of monetary stimulus and lower interest rates underpinned the market, although gains were capped by concerns over g
Published 02 Jul, 2016 12:00am
Nickel hits near eight-month peak; zinc at one-year high

Nickel hits near eight-month peak; zinc at one-year high

Nickel hit the highest in nearly eight months on Friday on worries about possible mine closures in the Philippines while other metals got support from a weaker dollar and hopes for more stimulus in China. Speculators piled in as aluminium touched the stro
Published 02 Jul, 2016 12:00am
Rubber a tad lower

Rubber a tad lower

Benchmark Tokyo rubber futures finished Friday a tad lower on a stronger yen against the dollar, while slow Chinese factory activity data raised concerns over demand in the world's top rubber consumer. The Tokyo Commodity Exchange (TOCOM) rubber contract
Published 02 Jul, 2016 12:00am
Palm oil reverses track to gain tracking rival soya
Currency

Palm oil reverses track to gain tracking rival soya

Malaysian palm oil futures rose for a second session in four on Friday as better performing rival soya oil gave the market a late boost even though a stronger ringgit weighed on prices earlier in the day. Benchmark palm oil futures for September delivery
Published 02 Jul, 2016 12:00am
Raw sugar, arabica coffee rise on weak dollar, Brazil weather

Raw sugar, arabica coffee rise on weak dollar, Brazil weather

Raw sugar futures rose on Friday, finishing their strongest week of gains in four months, buoyed by a falling dollar and weak production figures in top-producer Brazil after heavy rainfall. The weaker dollar, along with waning concerns last week's Brexit
Published 02 Jul, 2016 12:00am
Gold steadies in New York

Gold steadies in New York

Gold steadied on Thursday as the other markets showed signs of stabilising, but remained on track for its biggest monthly rise since February in the wake of last week's vote in Britain to quit the European Union. Shares, bonds and currencies plunged on Fr
Published 02 Jul, 2016 12:00am
Gold rises in Asia

Gold rises in Asia

Gold rose on Friday and was headed for its fifth straight weekly gain, boosted by a weaker dollar as the safe-haven asset continued to be in demand despite an increase in risk aappetite post the Brexit vote Spot gold rose over 1 percent to touch a session
Published 02 Jul, 2016 12:00am
Gold, silver climb in European trade

Gold, silver climb in European trade

Gold climbed on Friday and was heading for its fifth weekly gain, supported by a weaker dollar and prospects for further monetary policy easing in the wake of Britain's vote to leave the European Union. Spot gold rose to a session high of $1,341.40 an oun
Published 02 Jul, 2016 12:00am
US MIDDAY: wheat, soyabeans and corn fall

US MIDDAY: wheat, soyabeans and corn fall

US wheat futures sank to multi-year lows on Friday, pressured by an ample global stockpile that was expected to grow even larger due to a bountiful harvest, traders said. Corn and soyabean futures also weakened, with soyabeans settling back from a rally o
Published 02 Jul, 2016 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose 1 percent on Friday and was heading for its fifth weekly gain, supported by a weaker dollar and prospects for further monetary policy easing in the wake of Britain's vote to leave the European Union. Safe-haven demand for the metal spurred most
Published 02 Jul, 2016 12:00am
Mexico central bank boosts interest rate after Brexit
Currency

Mexico central bank boosts interest rate after Brexit

Mexico's central bank on Thursday raised its key interest rate by half a point to contain inflation and shore up the peso after its battering following Britain's decision to leave the European Union. Facing the prospect of "sluggish" global growth in the
Published 02 Jul, 2016 12:00am
Rwanda hikes import duties on second-hand clothes

Rwanda hikes import duties on second-hand clothes

Rwandan has massively hiked import duties on secondhand clothes and shoes, coming mainly from Europe and North America, to help promote local manufacturers, officials said Friday. The measure "takes effect from July 1", Rwandan Revenue Agency manager Droc
Published 02 Jul, 2016 12:00am
Eurozone unemployment falls to near five-year low
Currency

Eurozone unemployment falls to near five-year low

Eurozone unemployment fell to a near five-year low in May, official data said on Friday, in a rare positive sign for a sluggish European economy struggling to return to solid growth. The data covers a period before last week's shock Brexit vote, which eco
Published 02 Jul, 2016 12:00am
Tajikistan awards contract to build $3.9 billion mega-dam

Tajikistan awards contract to build $3.9 billion mega-dam

Tajikistan announced Friday it had awarded the Italian company Salini Impregilo a $3.9 billion (3.5-billion-euro) contract to build a hydroelectric dam that threatens to raise tensions in Central Asia. The ex-Soviet country's presidential press service sa
Published 02 Jul, 2016 12:00am
China cement deal collapses amid oversupply woes

China cement deal collapses amid oversupply woes

A deal for China's largest cement maker to take over a major rival collapsed after failing to gain government approval, the company said Friday, in a blow to Beijing's pledges to tackle oversupply. Anhui Conch Cement offered nearly $600 million for a cont
Published 02 Jul, 2016 12:00am
China manufacturing deteriorates sharply in June

China manufacturing deteriorates sharply in June

Activity in Chinese factories suffered its sharpest deterioration for four months in June, figures showed Friday, as weak demand and industrial overcapacity weighed on the world's second-largest economy. The figures are the latest to highlight a long-runn
Published 02 Jul, 2016 12:00am
Egypt pays back $1 billion debt owed to Qatar
Currency

Egypt pays back $1 billion debt owed to Qatar

Egypt has returned to Qatar $1 billion deposited by the Gulf state to help prop up the Egyptian central bank's hard currency reserves after the 2011 uprising, the central bank governor said on Friday. Cairo's relations with Qatar deteriorated after the Eg
Published 02 Jul, 2016 12:00am
Brexit will impact eurozone recovery: ECB board member

Brexit will impact eurozone recovery: ECB board member

The uncertainty sparked by the British vote to leave European Union will "inevitably" harm economic recovery in the euro area, European Central Bank executive board member Benoit Coeure said in a newspaper interview Friday. The pick-up in the eurozone eco
Published 02 Jul, 2016 12:00am
China new home price increases slow in June

China new home price increases slow in June

The cost of Chinese new homes rose at a slower rate in June from the previous month, figures showed Friday, as measures to tame prices in the world's second-largest economy took hold. The average price for new houses in 100 major cities increased 1.32 per
Published 02 Jul, 2016 12:00am
US factory data, auto sales improve, construction spending slips

US factory data, auto sales improve, construction spending slips

US factory activity expanded at a healthy pace in June as new orders, output and exports rose, new industry data showed on Friday, providing another sign that US economic growth was regaining its footing after weakness early this year. Automakers reported
Published 02 Jul, 2016 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose on Friday, in line with regional markets, and on expectations of more easing ahead after the island's central bank cut rates for the fourth consecutive time to shore up confidence in the flagging economy. Taiwan's central bank trimmed i
Published 02 Jul, 2016 12:00am
Tokyo stocks surge

Tokyo stocks surge

Tokyo stocks rose Friday on signs policymakers around the world are ready to shore up the global economy against the fallout from Britain's EU exit vote, with US economic data on tap for next week. Britain's decision to depart the bloc after four decades
Published 02 Jul, 2016 12:00am
Wall Street rallies for third day as Brexit bruises fade

Wall Street rallies for third day as Brexit bruises fade

Wall Street rolled to a third straight day of gains on Thursday as Britain's central bank raised the prospect of stimulus and consumer staples shares gained on news of Mondelez International's $23 billion bid for Hershey. The major US indexes each closed
Published 02 Jul, 2016 12:00am
Sri Lankan shares rise

Sri Lankan shares rise

Sri Lankan shares rose for the first time in 10 sessions on Friday as investors bought beaten-down equities. The benchmark Colombo stock index ended 0.06 percent firmer at 6,287.09, after shedding 2.83 percent in the nine sessions through Thursday. It los
Published 02 Jul, 2016 12:00am
US bonds end strong first half on steady note

US bonds end strong first half on steady note

Most US Treasury debt prices ended little changed on Thursday, closing out a stellar first half of the year for US government bonds as global economic worries and negative yields in Europe and Japan helped drive demand. Treasuries have earned more than 5
Published 02 Jul, 2016 12:00am
US bonds end strong first half on steady note

US bonds end strong first half on steady note

Most US Treasury debt prices ended little changed on Thursday, closing out a stellar first half of the year for US government bonds as global economic worries and negative yields in Europe and Japan helped drive demand. Treasuries have earned more than 5
Published 02 Jul, 2016 12:00am
China stocks post solid weekly gains
Currency

China stocks post solid weekly gains

China stocks edged up on Friday, posting solid gains during a week in which main indexes erased falls sparked by Britain's shock vote to leave the European Union. Sentiment was also aided by data showing that growth in China's services sector accelerated
Published 02 Jul, 2016 12:00am
Indian shares up, post biggest weekly gain in five

Indian shares up, post biggest weekly gain in five

India's broader NSE index hit its highest level in more than 10 months on Friday and its biggest weekly gain in five as expectations of a good monsoon and economic reform hopes continued to support auto and consumer goods stocks. The NSE index ended up 0.
Published 02 Jul, 2016 12:00am
European shares lifted by signs of central bank support

European shares lifted by signs of central bank support

European shares rose on Friday, lifted by expectations that the European Central Bank would take action to support markets in order to ease worries about the fallout from Britain's vote to leave the European Union. The pan-European STOXX 600 index rose 0.
Published 02 Jul, 2016 12:00am
Australian, New Zealand shares rise

Australian, New Zealand shares rise

Australian and New Zealand shares rallied for a third straight session on Friday, with the NZ market recovering all of its Brexit shock fall and the Australian bourse recouping most of its losses. The S&P/ASX 200 index rose 13.23 points, or 0.25 percent,
Published 02 Jul, 2016 12:00am
Most SE Asian stocks largely up

Most SE Asian stocks largely up

Most Southeast Asian stock markets rose on Friday, as risk appetite continued to improve following a two-day selloff after Britain voted to exit the European Union last week. Investor sentiment was also boosted after Bank of England Governor Mark Carney s
Published 02 Jul, 2016 12:00am
Post-Brexit rebound sees FTSE setting biggest weekly rise since 2011

Post-Brexit rebound sees FTSE setting biggest weekly rise since 2011

Britain's top share index climbed to a 10-month high on Friday and recorded its biggest weekly rise in 4-1/2 years, as hopes of fresh Bank of England stimulus lent momentum to a rebound from the slump that followed last week's Brexit vote. The bluechip FT
Published 02 Jul, 2016 12:00am
Sri Lankan: one-week rupee forwards down
Currency

Sri Lankan: one-week rupee forwards down

Sri Lankan rupee one-week forwards ended slightly weaker on Friday as importer dollar demand surpassed late inward remittances ahead of Ramadan while nervous investors awaited the appointment of a new central bank governor, dealers said. One-week dollar/r
Published 02 Jul, 2016 12:00am
Aussie flat, kiwi consolidates
Currency

Aussie flat, kiwi consolidates

The Australian dollar looked set to end the week little changed on Friday, a remarkably resilient performance given the turmoil and uncertainty caused by Britain's shock vote to quit the European Union. The Australian dollar was flat at $0.7455 in early a
Published 02 Jul, 2016 12:00am
Canadian $ gains on stronger dollar
Currency

Canadian $ gains on stronger dollar

The Canadian dollar gained against a broadly stronger US currency on Thursday, breaking from its typical connection with oil prices, as some investors saw value in its distance from tumult following Britain's vote to leave the European Union. The gain cam
Published 02 Jul, 2016 12:00am
Brazil real slides
Currency

Brazil real slides

The Brazilian real weakened on Friday as the central bank stepped in to stem a rally in the currency, underperforming its regional peers after Mexico's central bank aggressively raised its key interest rate. Brazil's real declined 0.9 percent after postin
Published 02 Jul, 2016 12:00am
Sterling under renewed pressure in Asia
Currency

Sterling under renewed pressure in Asia

Sterling stayed on the defensive on Friday after unambiguously dovish comments from the Bank of England abruptly ended a tentative recovery in the currency, while the euro wobbled on speculation of more stimulus in Europe. Still trying to get over last we
Published 02 Jul, 2016 12:00am
Yen climbs against dollar in Europe
Currency

Yen climbs against dollar in Europe

The yen climbed against the dollar on Friday, boosted by the uncertain risk environment left by Britain's shock vote to leave the European Union as well as the view that the US Federal Reserve will now hold off from raising interest rates. The safe-haven
Published 02 Jul, 2016 12:00am
Early trade in New York: dollar falls against euro, yen

Early trade in New York: dollar falls against euro, yen

The US dollar tumbled against the safe-haven yen Friday amid uncertainty over the fallout from Britain's vote to exit the European Union, while the dollar fell against the euro partly on reduced expectations of a US interest-rate hike this year. While the
Published 02 Jul, 2016 12:00am
Dollar gains against sterling, euro in New York
Currency

Dollar gains against sterling, euro in New York

The US dollar gained against the sterling and the euro on Thursday, snapping two straight days of losses, after Bank of England Governor Mark Carney said he saw the need for more stimulus and a Bloomberg report hinted at more European Central Bank easing.
Published 02 Jul, 2016 12:00am
Risk appetite supports Asia FX but yuan wobbly
Currency

Risk appetite supports Asia FX but yuan wobbly

Most emerging Asian currencies rose on Friday and were set to post gains for the week as investors' appetite for riskier assets continued to slowly recover after last week's Brexit shock. Hope of more stimulus from the Bank of England and other major cent
Published 02 Jul, 2016 12:00am
Yuan touches fresh 5-1/2 year low
Currency

Yuan touches fresh 5-1/2 year low

The yuan closed weaker against the dollar on Friday, touching a fresh 5-1/2-year low on concerns that the central bank would tolerate a further weakening of the currency to support the slowing economy. Reuters reported on Thursday that the People's Bank o
Published 02 Jul, 2016 12:00am
ussian doping whistleblower Stepanova eligible for Rio Games: IAAF

ussian doping whistleblower Stepanova eligible for Rio Games: IAAF

Once-banned Russian doping whistleblower Yuliya Stepanova has been declared eligible to compete at the Rio Olympics under a neutral flag, the IAAF said on Friday. The International Association of Athletics Federations (IAAF) said Stepanova "is now eligibl
Published 02 Jul, 2016 12:00am
England confirm 2017 South Africa and West Indies fixtures

England confirm 2017 South Africa and West Indies fixtures

England announced Friday their 2017 home international fixture programme with tours by South Africa and the West Indies included in a busy schedule that will also see England staging the ICC Champions Trophy in June. In addition, England will also play ho
Published 02 Jul, 2016 12:00am
'Alive again' Del Potro lights up gloomy Wimbledon

'Alive again' Del Potro lights up gloomy Wimbledon

Juan Martin del Potro admitted he felt alive again after the injury-plagued former US Open champion sent Swiss fourth seed Stan Wawrinka crashing out of Wimbledon on Friday. On a day when rain caused a four-hour delay on the outside courts, forcing organi
Published 02 Jul, 2016 12:00am
Butt says Aamir will return to form just like boxer Ali

Butt says Aamir will return to form just like boxer Ali

Former Pakistan captain Salman Butt said Friday his spot-fixing accomplice Mohammad Aamir will be in top form on his return to Test cricket, just like boxer Muhammad Ali was after his suspension from boxing. Pakistan take on England in the first of four T
Published 02 Jul, 2016 12:00am
Ramazan Futsal tournament begins

Ramazan Futsal tournament begins

Inter-Academies Ramazan ul Mubarak Futsal Tournament has been started here at Model Town Football Ground. As many as 12 U-13 Futsal teams from Model Town Football Academy and three from DHA Football Academy are taking part in this tournament. On the first
Published 02 Jul, 2016 12:00am
Barca ties Neymar down with 250 million euro buyout clause

Barca ties Neymar down with 250 million euro buyout clause

Brazilian striker Neymar has signed a five-year contract extension which includes a buy out clause of up to 250 million euros ($277.5 dollars), the Spanish club said Friday. The deal will keep the 24-year-old international, widely regarded as one of the f
Published 02 Jul, 2016 12:00am
Adrian sets up Rio repeat bid as Phelps, Lochte showdown looms

Adrian sets up Rio repeat bid as Phelps, Lochte showdown looms

Nathan Adrian stormed home to win the 100 metre freestyle at the US Olympic swimming trials punching his ticket to Rio where he'll go for a second straight gold. Adrian clocked 47.72sec, improving on the 47.91 he produced in the semi-finals. Only Cameron
Published 02 Jul, 2016 12:00am
Belgian invasion for Euro 2016 clash with Wales

Belgian invasion for Euro 2016 clash with Wales

At least 150,000 Belgian fans are expected to flood across the border into France on Friday to see their side take on Gareth Bale's Wales in the Euro 2016 quarter-final. Barely 12,000 Belgian fans and a similar number of Wales supporters have tickets for
Published 02 Jul, 2016 12:00am
Shootout win sees Ronaldo's Portugal into Euro semi-finals

Shootout win sees Ronaldo's Portugal into Euro semi-finals

Cristiano Ronaldo's Portugal battled their way to a place in the European Championship last four on Thursday winning a penalty shootout 5-3 against Poland in a tense quarter-final. Teenage sensation Renato Sanches, who scored Portugal's goal and smashed h
Published 02 Jul, 2016 12:00am
Heavy rains cut off Liberia's main airport

Heavy rains cut off Liberia's main airport

Heavy rains have cut the only road access to Liberia's main airport, leaving travellers to cross some sections by canoe, passengers told AFP on Friday. At certain points the sole road between the capital Monrovia and Roberts International Airport is 1.5 m
Published 02 Jul, 2016 12:00am
EU extends Russia sanctions to January 2017

EU extends Russia sanctions to January 2017

The European Union on Friday formally extended damaging economic sanctions against Russia by six months due to a lack of progress in resolving the conflict in eastern Ukraine. Russia immediately blasted the "short-sighted" move and said it would not make
Published 02 Jul, 2016 12:00am
China landslide leaves ten dead

China landslide leaves ten dead

Heavy rain caused a landslide in south-western China Friday that killed at least ten and left 12 others missing, local officials said. The landslide hit early morning and buried 29 people in the village of Pianpo, in the province of Guizhou, the official
Published 02 Jul, 2016 12:00am
Turkish ship sets off with Gaza aid

Turkish ship sets off with Gaza aid

A Turkish ship left for Israel on Friday carrying aid for Gaza as part of a deal between Ankara and the Jewish state to mend ties after years of acrimony. Turkey and Israel were formerly close regional allies, but fell out in 2010 when Israeli commandos k
Published 02 Jul, 2016 12:00am
Hungary sentences 10 migrants for illegal border crossing

Hungary sentences 10 migrants for illegal border crossing

A Hungarian court on Friday sentenced 10 migrants to jail terms for illegally crossing the border during a riot in September 2015, after Hungary built a razorwire fence to seal its frontier with Serbia. It was the first case to come to trial under a law p
Published 02 Jul, 2016 12:00am
Austrian far-right gets election defeat annulled

Austrian far-right gets election defeat annulled

Austria's Norbert Hofer won Friday another shot at becoming the European Union's first far-right anti-immigration president after his nation's highest court dramatically annulled his narrow election defeat from May. The Constitutional Court found no evide
Published 02 Jul, 2016 12:00am
West Bank violence surge kills 2 Palestinians, Israeli

West Bank violence surge kills 2 Palestinians, Israeli

Two Palestinians and an Israeli were killed in a series of attacks and clashes in the West Bank on Friday, in the latest uptick in the nine-month wave of violence. The violence follows two attacks on Thursday, and comes as Muslims near the end of their ho
Published 02 Jul, 2016 12:00am
Taiwan accidentally fires missile towards China, hitting trawler

Taiwan accidentally fires missile towards China, hitting trawler

A Taiwanese warship mistakenly launched a supersonic "aircraft carrier killer" missile towards China on Friday, hitting a fishing boat and killing one person, the navy said, as ties between the island and its once bitter rival deteriorate. The Hsiung-feng
Published 02 Jul, 2016 12:00am
SBI chairperson, foreign envoys discuss trade matters

SBI chairperson, foreign envoys discuss trade matters

The chairperson Sindh Investment Board (SBI), Naheed Memon, discussed opportunities for bilateral trade and other mutual interests with the ambassadors of Turkey and Italy and the Director of World Bank. Naheed Memon, in separate meetings met with the Amb
Published 02 Jul, 2016 12:00am
SECP issues draft Valuers Registration, Governance Regulations, 2016

SECP issues draft Valuers Registration, Governance Regulations, 2016

The Securities and Exchange Commission of Pakistan (SECP) notified the draft Valuers Registration and Governance Regulations, 2016, and had also placed the same on its website to obtain public opinion within 30 days. The draft regulations are aimed at the
Published 02 Jul, 2016 12:00am
New procedure on how to file GST returns unveiled

New procedure on how to file GST returns unveiled

The Federal Board of Revenue (FBR) has issued a new procedure for the taxpayers for filing of sales tax returns by simplifying system for paying taxes through automated system and minimising contact between the taxpayers and the tax collectors. The FBR ha
Published 02 Jul, 2016 12:00am
Water supply projects execution: around 64 world companies take interest

Water supply projects execution: around 64 world companies take interest

As many as 64 well-reputed international companies, having experience of implementing engineering, procurement and construction (EPC) projects from across the globe, have expressed their keen interest to execute safe drinking water project for rural areas
Published 02 Jul, 2016 12:00am
Sartaj, Fatemi visit Turkish embassy

Sartaj, Fatemi visit Turkish embassy

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz and Special Assistant on Foreign Affairs Tariq Fatemi on Friday visited Turkish Embassy here to offer deep condolences over the recent deadliest terrorist attack in Istanbul. Both Aziz and Fatem
Published 02 Jul, 2016 12:00am
OGDCL discovers gas condensate in Sanghar

OGDCL discovers gas condensate in Sanghar

Oil and Gas Development Company Limited (OGDCL) said to have discovered gas condensate from one of its exploratory wells in District Sanghar of Sindh province. "The discovery has opened up a new avenue and would add hydrocarbon reserve base of OGDCL, GHPL
Published 02 Jul, 2016 12:00am
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