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Jan 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-07-18
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

A stable trend was seen on the money market as the rupee managed to hold present trend versus the dollar during the week, ended on July 16, 2016. In the interbank market, the rupee did not move sharply versus the dollar for buying and selling at Rs 104.84
Published 18 Jul, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

A stable trend was seen on the money market as the rupee managed to hold present trend versus the dollar during the week, ended on July 16, 2016. In the interbank market, the rupee did not move sharply versus the dollar for buying and selling at Rs 104.84
Published 18 Jul, 2016 12:00am
FTO's order: LHC issues notice to President

FTO's order: LHC issues notice to President

Lahore High Court (LHC) has issued notices to the President of Pakistan, Chairman Federal Board of Revenue (FBR) and four FBR employees, in a petition against the President who has set aside the FTO order wherein for the first time the FTO recommended dis
Published 18 Jul, 2016 12:00am
FTO's order: LHC issues notice to President

FTO's order: LHC issues notice to President

Lahore High Court (LHC) has issued notices to the President of Pakistan, Chairman Federal Board of Revenue (FBR) and four FBR employees, in a petition against the President who has set aside the FTO order wherein for the first time the FTO recommended dis
Published 18 Jul, 2016 12:00am
FTO''s order: LHC issues notice to President

FTO''s order: LHC issues notice to President

Lahore High Court (LHC) has issued notices to the President of Pakistan, Chairman Federal Board of Revenue (FBR) and four FBR employees, in a petition against the President who has set aside the FTO order wherein for the first time the FTO recommended dis
Published 18 Jul, 2016 12:00am
New records throughout week

New records throughout week

Barring Friday, Pakistan stocks remained bullish throughout the week to make a 3.2 percent Week-on-Week (WoW) gain on the back of what analysts said investor interest. Staying mostly record-breaking after Eid holidays, the benchmark KSE-100 index ended th
Published 18 Jul, 2016 12:00am
New records throughout week

New records throughout week

Barring Friday, Pakistan stocks remained bullish throughout the week to make a 3.2 percent Week-on-Week (WoW) gain on the back of what analysts said investor interest. Staying mostly record-breaking after Eid holidays, the benchmark KSE-100 index ended th
Published 18 Jul, 2016 12:00am
New records throughout week

New records throughout week

Barring Friday, Pakistan stocks remained bullish throughout the week to make a 3.2 percent Week-on-Week (WoW) gain on the back of what analysts said investor interest. Staying mostly record-breaking after Eid holidays, the benchmark KSE-100 index ended th
Published 18 Jul, 2016 12:00am
Hizmet accused of launching coup

Hizmet accused of launching coup

Their name means service and followers insist the Hizmet movement is an informal grouping of individuals promoting "moderate" Islam and the development of poorer countries as well as Turkey. For their opponents, it is a shadowy organisation with links in
Published 18 Jul, 2016 12:00am
Hizmet accused of launching coup

Hizmet accused of launching coup

Their name means service and followers insist the Hizmet movement is an informal grouping of individuals promoting "moderate" Islam and the development of poorer countries as well as Turkey. For their opponents, it is a shadowy organisation with links in
Published 18 Jul, 2016 12:00am
Pakistanis reach home

Pakistanis reach home

The Pakistanis stuck in Istanbul, in the wake of recent developments in Turkey, have all been facilitated in their safe return to Pakistan, Foreign Office said. Foreign Office spokesperson Nafees Zakaria Sunday said that the Pakistan embassy and consulate
Published 18 Jul, 2016 12:00am
Pakistanis reach home

Pakistanis reach home

The Pakistanis stuck in Istanbul, in the wake of recent developments in Turkey, have all been facilitated in their safe return to Pakistan, Foreign Office said. Foreign Office spokesperson Nafees Zakaria Sunday said that the Pakistan embassy and consulate
Published 18 Jul, 2016 12:00am
AJK elections: army given powers under Article 245

AJK elections: army given powers under Article 245

Interior Ministry on Sunday issued notification empowering Pakistan Army to maintain public order and ensure security during election in Azad Kashmir to be held on July 21. The Interior Ministry, while using its constitutional powers, notified empowering
Published 18 Jul, 2016 12:00am
AJK elections: army given powers under Article 245

AJK elections: army given powers under Article 245

Interior Ministry on Sunday issued notification empowering Pakistan Army to maintain public order and ensure security during election in Azad Kashmir to be held on July 21. The Interior Ministry, while using its constitutional powers, notified empowering
Published 18 Jul, 2016 12:00am
Three US police officers dead, several injured

Three US police officers dead, several injured

Three police officers were killed and three injured in a shooting in Baton Rouge, Louisiana on Sunday, with at least two suspects at large, police said.
Published 18 Jul, 2016 12:00am
Three US police officers dead, several injured

Three US police officers dead, several injured

Three police officers were killed and three injured in a shooting in Baton Rouge, Louisiana on Sunday, with at least two suspects at large, police said.
Published 18 Jul, 2016 12:00am
COAS congratulates Misbah

COAS congratulates Misbah

Chief of the Army Staff General Raheel Sharif on Sunday called Pakistan cricket team Captain Misbah Ul Haq on phone and congratulated him over the historic win in the five-dayer against England at Lords. According to a tweet message by the Director Genera
Published 18 Jul, 2016 12:00am
KPT rescues Panama flag vessel

KPT rescues Panama flag vessel

A Panama flag vessel "CHEMTRANS 1" was rescued by KPT on Saturday 16th July and towed the ill fated vessel from 11 nautical miles from KPT approach channel under extreme monsoon weather and averted an eminent major disaster ie grounding and pollution. An
Published 18 Jul, 2016 12:00am
DC checks performance of anti-dengue teams

DC checks performance of anti-dengue teams

Divisional Commissioner Momin Agha visited different populous areas of the city and checked the performance of Anti Dengue Teams of health department. DCO Salman Ghani and officers of health department were accompanied him.
Published 18 Jul, 2016 12:00am
Democracy endangered by Nawaz's monarchy not by army: Imran

Democracy endangered by Nawaz's monarchy not by army: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said on Sunday that democracy in the country was not endangered by the army but it was threatened by the monarchical attitude of Prime Minister Nawaz Sharif.
Published 18 Jul, 2016 12:00am
Turkey widens crackdown on army, judiciary

Turkey widens crackdown on army, judiciary

Turkey widened a crackdown on suspected supporters of a failed military coup on Sunday, taking the number of people rounded up in the armed forces and judiciary to 6,000, and the government said it was in full control of the country and economy. Supporter
Published 18 Jul, 2016 12:00am
Turkey widens crackdown on army, judiciary

Turkey widens crackdown on army, judiciary

Turkey widened a crackdown on suspected supporters of a failed military coup on Sunday, taking the number of people rounded up in the armed forces and judiciary to 6,000, and the government said it was in full control of the country and economy. Supporter
Published 18 Jul, 2016 12:00am
Qandeel's brother 'not embarrassed' by killing her

Qandeel's brother 'not embarrassed' by killing her

The brother of a murdered celebrity said Sunday he is "not embarrassed" to have killed her, as Qandeel Baloch's death reignited polarising calls for action against the "epidemic" of honour killings.
Published 18 Jul, 2016 12:00am
Qandeel's brother 'not embarrassed' by killing her

Qandeel's brother 'not embarrassed' by killing her

The brother of a murdered celebrity said Sunday he is "not embarrassed" to have killed her, as Qandeel Baloch's death reignited polarising calls for action against the "epidemic" of honour killings.
Published 18 Jul, 2016 12:00am
World community urged to act against Indian atrocities

World community urged to act against Indian atrocities

Multan Chamber of Commerce and Industry (MCCI) has vehemently condemned the atrocities and incessant violation of human rights in occupied Kashmir and urged the government to forcefully raise the issue at all international forums.
Published 18 Jul, 2016 12:00am
ECB to pave way for stimulus in September

ECB to pave way for stimulus in September

The European Central Bank, widely expected to hold fire on monetary policy next week, will likely prepare the ground for more stimulus measures in September as the economic fallout for the eurozone from Brexit becomes clearer, analysts predicted.
Published 18 Jul, 2016 12:00am
ECB to pave way for stimulus in September

ECB to pave way for stimulus in September

The European Central Bank, widely expected to hold fire on monetary policy next week, will likely prepare the ground for more stimulus measures in September as the economic fallout for the eurozone from Brexit becomes clearer, analysts predicted.
Published 18 Jul, 2016 12:00am
ECB to pave way for stimulus in September

ECB to pave way for stimulus in September

The European Central Bank, widely expected to hold fire on monetary policy next week, will likely prepare the ground for more stimulus measures in September as the economic fallout for the eurozone from Brexit becomes clearer, analysts predicted.
Published 18 Jul, 2016 12:00am
Britain eyes new trade deals for Brexit in early 2019

Britain eyes new trade deals for Brexit in early 2019

The minister charged with securing new trade deals for Britain outside the EU said Sunday he was aiming for a Brexit date of January 1, 2019, as London made overtures towards Australia and Canada.
Published 18 Jul, 2016 12:00am
Britain eyes new trade deals for Brexit in early 2019

Britain eyes new trade deals for Brexit in early 2019

The minister charged with securing new trade deals for Britain outside the EU said Sunday he was aiming for a Brexit date of January 1, 2019, as London made overtures towards Australia and Canada.
Published 18 Jul, 2016 12:00am
Britain eyes new trade deals for Brexit in early 2019

Britain eyes new trade deals for Brexit in early 2019

The minister charged with securing new trade deals for Britain outside the EU said Sunday he was aiming for a Brexit date of January 1, 2019, as London made overtures towards Australia and Canada.
Published 18 Jul, 2016 12:00am
PCGA announces elections schedule
Cotton

PCGA announces elections schedule

Pakistan Cotton Ginners Association (PCGA) has announced the election schedule for 2016-17. An interim electoral list was issued and the voters can change the name of firms or correct the names of voters through an application till July 18 (today). New el
Published 18 Jul, 2016 12:00am
Pakistan to take water dispute to court

Pakistan to take water dispute to court

Pakistan has decided to return to an international tribunal to settle a dispute with India over sharing waters of the Kishenganga and Ratle rivers. Pakistan's latest decision to go to the Permanent Court of Arbitration (PCA), The Hague, was made public af
Published 18 Jul, 2016 12:00am
Pakistan to take water dispute to court

Pakistan to take water dispute to court

Pakistan has decided to return to an international tribunal to settle a dispute with India over sharing waters of the Kishenganga and Ratle rivers. Pakistan's latest decision to go to the Permanent Court of Arbitration (PCA), The Hague, was made public af
Published 18 Jul, 2016 12:00am
Bahrain court orders Shia opposition bloc dissolved

Bahrain court orders Shia opposition bloc dissolved

A court on Sunday ordered the dissolution of Bahrain's Shia main opposition group Al-Wefaq, despite international criticism of the Sunni-ruled Gulf kingdom's intensified crackdown on dissent. The administrative court in Manama also ordered the funds of th
Published 18 Jul, 2016 12:00am
Bahrain court orders Shia opposition bloc dissolved

Bahrain court orders Shia opposition bloc dissolved

A court on Sunday ordered the dissolution of Bahrain's Shia main opposition group Al-Wefaq, despite international criticism of the Sunni-ruled Gulf kingdom's intensified crackdown on dissent. The administrative court in Manama also ordered the funds of th
Published 18 Jul, 2016 12:00am
Real estate sector: meeting today to discuss additional taxes

Real estate sector: meeting today to discuss additional taxes

Real Estate Associations has decided to take up to the Ministry of Finance and Federal Board of Revenue (FBR) to withdraw additional taxation measures on real estate sector particularly appointment of valuers to avoid total closure of real estate business
Published 18 Jul, 2016 12:00am
Real estate sector: meeting today to discuss additional taxes

Real estate sector: meeting today to discuss additional taxes

Real Estate Associations has decided to take up to the Ministry of Finance and Federal Board of Revenue (FBR) to withdraw additional taxation measures on real estate sector particularly appointment of valuers to avoid total closure of real estate business
Published 18 Jul, 2016 12:00am
Real estate sector: meeting today to discuss additional taxes

Real estate sector: meeting today to discuss additional taxes

Real Estate Associations has decided to take up to the Ministry of Finance and Federal Board of Revenue (FBR) to withdraw additional taxation measures on real estate sector particularly appointment of valuers to avoid total closure of real estate business
Published 18 Jul, 2016 12:00am
Killings in IHK: Senate meets today to discuss situation

Killings in IHK: Senate meets today to discuss situation

President Mamnoon Hussain has summoned the session of the Senate to meet on Monday at 4:00 pm to discuss issues of national importance including the ongoing atrocities of Indian security forces in occupied Jammu and Kashmir.
Published 18 Jul, 2016 12:00am
Killings in IHK: Senate meets today to discuss situation

Killings in IHK: Senate meets today to discuss situation

President Mamnoon Hussain has summoned the session of the Senate to meet on Monday at 4:00 pm to discuss issues of national importance including the ongoing atrocities of Indian security forces in occupied Jammu and Kashmir.
Published 18 Jul, 2016 12:00am
Blaze engulfs Makkah hotel

Blaze engulfs Makkah hotel

A fire ripped through an uninhabited hotel in the Saudi holy city of Makkah on Sunday without causing casualties, the civil defence spokesman said. Firefighters put out the blaze at the 10-floor hotel, the spokesman said in statements carried by the offic
Published 18 Jul, 2016 12:00am
Blaze engulfs Makkah hotel

Blaze engulfs Makkah hotel

A fire ripped through an uninhabited hotel in the Saudi holy city of Makkah on Sunday without causing casualties, the civil defence spokesman said. Firefighters put out the blaze at the 10-floor hotel, the spokesman said in statements carried by the offic
Published 18 Jul, 2016 12:00am
Disparate figures of PSDP presented to Parliament, IMF: Pasha

Disparate figures of PSDP presented to Parliament, IMF: Pasha

Former Advisor to Prime Minister on Finance Dr Hafeez Pasha stated the government has presented one figure of Public Sector Development spending to parliament and another to the International Monetary Fund (IMF).
Published 18 Jul, 2016 12:00am
Shujaat for bold decisions to resolve Kashmir issue

Shujaat for bold decisions to resolve Kashmir issue

PML Q President and former Prime Minister, Chaudhry Shujat Hussain has said that bold decisions were needed to solve the Kashmir problems in accordance with the wishes of the Kashmiri people. Addressing a press conference here on Sunday he condemned India
Published 18 Jul, 2016 12:00am
Two dead, eight injured in Karachi building collapse

Two dead, eight injured in Karachi building collapse

At least two people including a woman were killed and eight others injured in a building collapse near Shaheen Complex on II Chundrigar Road in Karachi. Many people were feared to be trapped under rubble of the building before rescue officials arrived.
Published 18 Jul, 2016 12:00am
Imran asks Supreme Court to take control of NAB

Imran asks Supreme Court to take control of NAB

Chairman Pakistan Tehreek-e-Insaf expressed his deep concerns over recent approval given to Ishaq Dar by NAB on possession of illegal assets and said that this decision puts NAB's performance institution under question. He pleaded the Supreme Court to int
Published 18 Jul, 2016 12:00am
FPCCI underscores need for expansion of seaports

FPCCI underscores need for expansion of seaports

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Sunday called for increased focus on development of ports to ensure success of China Pakistan Economic Corridor. "Better facilities at ports will ensure smooth flow of merchandise and
Published 18 Jul, 2016 12:00am
ECP members, Pnama Leaks: Joint opposition meets today

ECP members, Pnama Leaks: Joint opposition meets today

The joint opposition will meet today (Monday) to discuss a possible 'joint strategy' amid continued deadlock with the government over finalisation of the proposed terms of references (ToRs) to investigate Panama Leaks. The meeting would also discuss the p
Published 18 Jul, 2016 12:00am
Paddy to be sown over 3.25 lakh of acres in Sialkot

Paddy to be sown over 3.25 lakh of acres in Sialkot

Over 3.25 lakh acres of land would be brought under paddy crop during Kharif season in Sialkot district. Sources in Agriculture department told Business Recorder on Sunday that farmers in various parts four tehsils of the district had started sowin
Published 18 Jul, 2016 12:00am
Siraj greets Turkish President

Siraj greets Turkish President

Ameer, Jamaat-e-Islami Pakistan, Senator Sirajul Haq has congratulated Turkish President Tayyip Erdogon on the failure of coup bid against him and said that Turkish people had foiled the mutiny by a small group of the Turkish army demonstrating their deep
Published 18 Jul, 2016 12:00am
Doctors warn against mosquito-borne diseases during monsoon

Doctors warn against mosquito-borne diseases during monsoon

Doctors advised the general public to adopt preventive measures to reduce the chances of mosquito and flies born diseases during monsoon season. While talking to PTV news renowned Ear, Nose and Throat (ENT) Surgeon Dr S M Qaisar Sajjad urged poor cleaning
Published 18 Jul, 2016 12:00am
Bid to smuggle 20kg heroin foiled

Bid to smuggle 20kg heroin foiled

Pakistan Customs staff of Model Customs Collectorate (MCC) Islamabad has foiled a major attempt to smuggle 20kg refined heroin from a UK-bound passenger at BBI Airport Islamabad here on Sunday. According to the details, this is one of the major seizures o
Published 18 Jul, 2016 12:00am
AJK elections 2016: over 400 hopefuls vying for 41 seats

AJK elections 2016: over 400 hopefuls vying for 41 seats

As many as 427 candidates of different political parties as well as independent ones, are in the run for the upcoming Azad Jammu and Kashmir (AJK) Legislative Assembly elections, scheduled for July 21.
Published 18 Jul, 2016 12:00am
Rebel-held parts of Aleppo 'completely besieged'

Rebel-held parts of Aleppo 'completely besieged'

Opposition-controlled parts of Syria's battered northern city Aleppo came under total siege on Sunday, after government forces severed the last route out of the east. An estimated 300,000 civilians live in rebel-held neighbourhoods of Syria's second city,
Published 18 Jul, 2016 12:00am
Biden announces 'unprecedented' US-Australia cancer database

Biden announces 'unprecedented' US-Australia cancer database

US Vice President Joe Biden on Sunday unveiled a series of agreements between the US and Australia to create an "unprecedented" international research database of cancer patients as he kicked off a three-day visit in Melbourne.
Published 18 Jul, 2016 12:00am
One dead as gunmen seize hostages in Armenia police station raid

One dead as gunmen seize hostages in Armenia police station raid

An armed group stormed a police station in Armenia's capital Yerevan on Sunday, killing one policemen and taking more hostage, demanding the release of a jailed opposition leader and the resignation of President Serzh Sarkisian. The presidency said securi
Published 18 Jul, 2016 12:00am
Gunman kills two in Florida hospital

Gunman kills two in Florida hospital

A gunman fatally shot an elderly patient and a hospital employee in an apparently random attack inside a Florida hospital early Sunday, police said.
Published 18 Jul, 2016 12:00am
South Sudan violence tops African Union summit agenda

South Sudan violence tops African Union summit agenda

Renewed fighting in South Sudan that has claimed more than 300 lives dominated discussions at an African Union summit that opened Sunday in the Rwandan capital Kigali. A shaky cease-fire has held since late Monday following the fighting that raged for fou
Published 18 Jul, 2016 12:00am
SpaceX to launch key 'parking spot' to space station

SpaceX to launch key 'parking spot' to space station

SpaceX is poised to launch its unmanned Dragon cargo capsule to the International Space Station on Monday, carrying a key piece of equipment that was lost last year in a rocket explosion.
Published 18 Jul, 2016 12:00am
Russia launches ISS-bound cargo ship

Russia launches ISS-bound cargo ship

A Russian rocket carrying an unmanned cargo ship blasted off for the International Space Station early Sunday from the Baikonur cosmodrome in Kazakhstan, the Russian space agency said. The Soyuz rocket carrying the Progress MS-03 ship was launched on sche
Published 18 Jul, 2016 12:00am
Israel fires missiles at drone from Syria

Israel fires missiles at drone from Syria

Israel's military on Sunday fired two Patriot missiles at a drone that "infiltrated" from war-ravaged neighbouring Syria, it said. The missiles missed the drone which "returned to Syria" after the incident in the central Golan Heights, where the demarcati
Published 18 Jul, 2016 12:00am
Grenade blast kills two Israeli soldiers

Grenade blast kills two Israeli soldiers

A grenade explosion killed two Israeli soldiers and wounded three others on Sunday near a military outpost in the Golan Heights, the army said in a statement. The incident occurred at Mount Hermon near the demarcation line with Syria. Details on how the I
Published 18 Jul, 2016 12:00am
Bootleg hooch deaths rise to 21 in India

Bootleg hooch deaths rise to 21 in India

Twenty-one labourers died after drinking toxic home-made liquor in northern India, police said Sunday, in the latest incident of alcohol poisoning in the country. Police in Uttar Pradesh state's Etah district said the victims started to vomit and fall sic
Published 18 Jul, 2016 12:00am
Euro, sterling money fund assets rise

Euro, sterling money fund assets rise

Assets of euro and sterling-denominated money market funds rose for a second week following Britain's vote to exit the European Union, while overseas dollar-denominated money fund assets fell, the Offshore Money Fund Report said on Tuesday.
Published 18 Jul, 2016 12:00am
Euro, sterling money fund assets rise

Euro, sterling money fund assets rise

Assets of euro and sterling-denominated money market funds rose for a second week following Britain's vote to exit the European Union, while overseas dollar-denominated money fund assets fell, the Offshore Money Fund Report said on Tuesday.
Published 18 Jul, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.40-78.40 (previous 78.40-78.40).
Published 18 Jul, 2016 12:00am
Major Gulf stocks up; Saudi's NCB falls on earnings

Major Gulf stocks up; Saudi's NCB falls on earnings

Major Middle Eastern stock markets edged up on Sunday although some shares with exposure to Turkey underperformed after the failed coup attempt there, and Saudi Arabia's largest listed bank dropped after reporting second-quarter earnings.
Published 18 Jul, 2016 12:00am
Government bonds to be well bid on central bank demand

Government bonds to be well bid on central bank demand

Major sovereign bonds are set to remain in demand over the coming year from central banks, as well as institutions that require what is still perceived as a safer asset in their portfolios, a Reuters poll found.
Published 18 Jul, 2016 12:00am
Government bonds to be well bid on central bank demand

Government bonds to be well bid on central bank demand

Major sovereign bonds are set to remain in demand over the coming year from central banks, as well as institutions that require what is still perceived as a safer asset in their portfolios, a Reuters poll found.
Published 18 Jul, 2016 12:00am
Global stocks outlook dims with risk aversion on the rise again

Global stocks outlook dims with risk aversion on the rise again

Optimism about stock market performance this year has wilted, with investors fretting about the global economy and unexpected shocks likely to condemn most key indices to a weaker performance than thought just a few months ago.
Published 18 Jul, 2016 12:00am
Turkey's failed coup unnerves foreign investors

Turkey's failed coup unnerves foreign investors

Turkey's bungled military coup has shaken foreign investors and stoked fears about political stability that are expected to weigh on Turkish financial assets in days and weeks to come. On Friday night, a group of rebel soldiers using tanks, attack helicop
Published 18 Jul, 2016 12:00am
Philippines suspends nickel miner

Philippines suspends nickel miner

The Philippines has suspended a third nickel mine in less than two weeks and again warned miners not to violate environmental laws, the cabinet secretary overseeingg mining told a radio station Regina Lopez, secretary of the Department of Environment and
Published 18 Jul, 2016 12:00am
Zimbabwe minister says sanctions to blame for cash crunch

Zimbabwe minister says sanctions to blame for cash crunch

Zimbabwe's finance minister blamed international sanctions on Sunday for a cash crunch that has forced the government to delay wages to soldiers and civil servants as President Robert Mugabe faces rare popular protests.
Published 18 Jul, 2016 12:00am
Almarai net profit up 18.6 percent

Almarai net profit up 18.6 percent

Almarai, the Gulf's largest dairy company, reported an 18.6 percent increase in second-quarter net profit on Sunday, beating analysts' forecasts, showing the benefits of stronger sales and lower commodity prices. But the company said it would continue to
Published 18 Jul, 2016 12:00am
Taiwan says foreign suspects arrested over $2 million ATM cyber robbery

Taiwan says foreign suspects arrested over $2 million ATM cyber robbery

Police in Taiwan said on Sunday they had arrested three out of 16 foreign suspects they believe hacked into the cash machines of a major local bank, withdrawing more than $2 million. They are accused of targeting First Bank's ATMs last week, using malware
Published 18 Jul, 2016 12:00am
Saudi's Riyad Bank second quarter net profit rises

Saudi's Riyad Bank second quarter net profit rises

Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a 1.6 percent rise in second-quarter net profit on Sunday, beating analysts forecasts. The bank made 1.15 billion riyals ($306.6 million) in the three months to June 30, up from 1.13 billi
Published 18 Jul, 2016 12:00am
UK farmers union complains over supermarkets 'fake' farm brands

UK farmers union complains over supermarkets 'fake' farm brands

Britain's farmers union has formally complained to the country's National Trading Standards Institute over the use by supermarkets, including market leader Tesco, of "fake" farm branding on some food products, it said on Sunday.
Published 18 Jul, 2016 12:00am
China will struggle to maintain growth pace for wages

China will struggle to maintain growth pace for wages

Wages in China kept pace with economic growth in the first half of 2016 but maintaining that will be difficult, the country's statistics bureau said on Sunday. It cited issues such as overcapacity in China's coal and steel sectors as well as some declinin
Published 18 Jul, 2016 12:00am
UBS, DBS, Falcon face Singapore scrutiny over 1MDB transactions

UBS, DBS, Falcon face Singapore scrutiny over 1MDB transactions

Singapore's central bank is scrutinising several banks, including UBS and DBS Group Holdings, to see if they broke anti-money laundering rules in handling transactions linked to scandal-hit Malaysian state fund 1MDB, three people with knowledge of the mat
Published 18 Jul, 2016 12:00am
Google CEO defends Europe tax practices, warns on Brexit

Google CEO defends Europe tax practices, warns on Brexit

Google CEO Sundar Pichai hit back Sunday at accusations that the global internet giant failed to pay enough taxes in Europe, and warned of the potential fallout from Britain leaving the EU. As Google faces a raft of fiscal probes across the continent, Pic
Published 18 Jul, 2016 12:00am
Yasir Shah leads Pakistan to Lord's win over England

Yasir Shah leads Pakistan to Lord's win over England

Yasir Shah marked his first Test outside of Asia and the United Arab Emirates by taking 10 wickets in the match as Pakistan beat England by 75 runs in their series opener at Lord's on Sunday. Leg-spinner Shah took 10 for 141, including a second-innings ha
Published 18 Jul, 2016 12:00am
Yasir Shah leads Pakistan to Lord's win over England

Yasir Shah leads Pakistan to Lord's win over England

Yasir Shah marked his first Test outside of Asia and the United Arab Emirates by taking 10 wickets in the match as Pakistan beat England by 75 runs in their series opener at Lord's on Sunday. Leg-spinner Shah took 10 for 141, including a second-innings ha
Published 18 Jul, 2016 12:00am
Pakistan hockey stars shine in BD Hockey League

Pakistan hockey stars shine in BD Hockey League

Around 25 Pakistani hockey stars played for different teams in this year's Bangladesh Hockey League-2016 and shined for their respective teams by giving some excellent performance in 12 teams competed lasted for two months.
Published 18 Jul, 2016 12:00am
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