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Apr 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-07-23
Low growth, weak trade sap German chemical industry

Low growth, weak trade sap German chemical industry

Germany's powerful chemicals sector will see a bigger decline in sales over 2016 than previously thought as weak global growth and trade undermine prices, the VCI industry federation said on Friday. "Negative factors, such as weak growth in the emerging e
Published 23 Jul, 2016 12:00am
Sindh government: Rangers stalemate hurting businesses: PBIF

Sindh government: Rangers stalemate hurting businesses: PBIF

The President of Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said, that the federal government should do more than merely issue statements, as withholding of policing powers to the Rangers by the Chief Minister Sindh, Qaim
Published 23 Jul, 2016 12:00am
Used cars' import registers 67 percent increase in fiscal year 2016

Used cars' import registers 67 percent increase in fiscal year 2016

The import of used vehicles has registered a prodigious increase of around 67 percent as compared to preceding year. According to the statistics, around 53,600 used vehicles were imported during 2015-16 as compared to 32,100 vehicles brought in 2014-15. M
Published 23 Jul, 2016 12:00am
NAB KP arrests two brothers for illegal assets

NAB KP arrests two brothers for illegal assets

National Accountability Bureau (NAB) Khyber Pakhtunkhwa arrested accused Zaki Ullah, ex-Secretary, Housing Department Khyber Pakhtunkhwa and his brother Zafarullah Khan, ex-Assistant Inspector General (AIG) Traffic Police for alleged involvement in accumu
Published 23 Jul, 2016 12:00am
Anti-dengue Day in Punjab today

Anti-dengue Day in Punjab today

Punjab government is observing Anti-dengue Day across the province on Saturday (today). All government offices will remain open on the occasion of Anti-dengue Day and government officials would keep their offices neat and clean as per standard operating p
Published 23 Jul, 2016 12:00am
LG, Volkswagen sign MoU

LG, Volkswagen sign MoU

LG Electronics (LG) and Volkswagen AG have entered into a memorandum of understanding signalling their commitment to cooperate on the research and development of a next-generation connected car service platform. Key LG executives present at the signing at
Published 23 Jul, 2016 12:00am
Maqbool speaks about implementation of NAP in Punjab

Maqbool speaks about implementation of NAP in Punjab

Special Assistant to Chief Minister Punjab Rana Maqbool Ahmed while addressing as chief guest at awareness seminar regarding National Action Plan in Lahore has said that implementation of National Action Plan is continuing speedily in Punjab as compared t
Published 23 Jul, 2016 12:00am
Genetically-enhanced corn seeds: Croplife Asia praises decision

Genetically-enhanced corn seeds: Croplife Asia praises decision

Croplife Asia, a non-profit society and the voice of the region's plant science industry, has welcomed a federal government decision allowing growers to choose genetically enhanced corn seeds to enable them to produce better crops and reduce overall envir
Published 23 Jul, 2016 12:00am
PIAF urges government to start work on KBD

PIAF urges government to start work on KBD

Pakistan Industrial and Traders Associations Front (PIAF) has asked the government to start work on Kalabagh Dam (KBD) without any further delay. While talking to a businessmen delegation, PIAF Chairman Irfan Iqbal Sheikh pointed out that it is the most t
Published 23 Jul, 2016 12:00am
MCCI flays FBR chief's statement

MCCI flays FBR chief's statement

The business community in Southern Punjab have voiced disagreement over a recent statement by the Chairman Federal Board of Revenue (FBR), Nisar Mohammad Khan, who stated that restoring the zero-rating regime on five export-oriented sector's would not con
Published 23 Jul, 2016 12:00am
Tevta trains over 62,000 unemployed youth

Tevta trains over 62,000 unemployed youth

Technical Education and Vocational Training Authority (TEVTA) under Punjab Skills Growth Strategy 2018 trained more than 62000 unemployed youth in Industry Demand Driven (IDD) Short courses across the Province of the Punjab. The youth have been given free
Published 23 Jul, 2016 12:00am
MD NTDC for early completion of damaged towers

MD NTDC for early completion of damaged towers

Managing Director National Transmission and Despatch Company Limited (NTDC) Dr Fiaz Ahmad Chaudhry has directed NTDC engineers to complete the rehabilitation work of eight damaged towers of 500 kV Gakhar-Lahore transmission line within shortest possible t
Published 23 Jul, 2016 12:00am
CDG, traffic police: LCCI urges heads to pay visit to markets

CDG, traffic police: LCCI urges heads to pay visit to markets

The Lahore Chamber of Commerce and Industry (LCCI) has urged the heads of the district government and the traffic police department to pay monthly visit to the city markets where condition of infrastructure, traffic, cleaning and law and order is shocking
Published 23 Jul, 2016 12:00am
Shops sealed

Shops sealed

A chicken shop has been sealed off in Township Block-4 following an inspection raid by the Punjab Food Authority for having insufficient evidence for running its business, lacking proper storage facility and working environment. The team, spearheaded by O
Published 23 Jul, 2016 12:00am
CJ LHC orders LWCA to explain violations of laws

CJ LHC orders LWCA to explain violations of laws

Chief Justice of the Lahore High Court on Friday directed the Lahore Walled City Authority to explain as to why the laws were not promulgated so far relating to construction in the walled city. Chief Justice was hearing petitions of Asif Ali Mirza, Abdul
Published 23 Jul, 2016 12:00am
Honda launches new Civic 2016

Honda launches new Civic 2016

Honda Atlas Cars Pakistan Limited has unleashed its most anticipated Honda Civic model. The All-New Civic was launched in Lahore at Faletti's Hotel. The 10th Generation Civic is available in 3 grades1.8L i-VTEC, 1.8L i-VTEC Oriel and 1.8L VTEC TURBO.
Published 23 Jul, 2016 12:00am
BoP, Pakistan Post sign agreements

BoP, Pakistan Post sign agreements

An agreement signing ceremony was held on Friday between The Bank of Punjab and Pakistan Post at the Bank of Punjab Head Office, Lahore. Naeemuddin Khan, President, the Bank of Punjab and Fakir Syed Shaharyaruddin, Director General, Pakistan Post along wi
Published 23 Jul, 2016 12:00am
Shahbaz thanks people of Azad Kashmir

Shahbaz thanks people of Azad Kashmir

Punjab Chief Minister Muhammad Shahbaz Sharif has said that with grace of Allah Almighty and the love of Kashmiri people, Pakistan Muslim League-N has got a record mandate in Azad Kashmir elections. He thanked the people of Azad Kashmir for expressing ful
Published 23 Jul, 2016 12:00am
PTA's international training programme concludes

PTA's international training programme concludes

The three-day International Training Programme (ITP) organised by Pakistan Telecommunication Authority (PTA) in collaboration with International Telecommunication Union (ITU) concluded here on Friday. The programme, which ran from 20-22 July, 2016 feature
Published 23 Jul, 2016 12:00am
MWM stages rally against targeted killings

MWM stages rally against targeted killings

Majlis Wahdat Muslimeen (MWM) on Friday staged a rally against target killing of innocent people in the country and blocked Islamabad Expressway for traffic for around six hours. A number of activists of MWM participated in the protest demonstration at Is
Published 23 Jul, 2016 12:00am
'Merciless' accountability: JI, PTI share common vision: Khattak

'Merciless' accountability: JI, PTI share common vision: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that his party and its coalition partner JI in the provincial government have a common and shared vision for merciless accountability. "We both are for transparency, openness and public welfare ori
Published 23 Jul, 2016 12:00am
Poultry industry seeks incentives urgently

Poultry industry seeks incentives urgently

Pakistan Poultry Association (PPA) on Friday urged the government to provide incentives to the $7.5 billion industry to avoid collapse. Chairman PPA Khalid Saleem Malik along with other industry representatives while addressing a press conference said tha
Published 23 Jul, 2016 12:00am
SMEs, industrialists: KPCCI urges BoK to initiate soft loan schemes

SMEs, industrialists: KPCCI urges BoK to initiate soft loan schemes

Acting President of Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI), Ammad Rashid during a meeting with high officials of the Bank of Khyber (BoK) on Friday has asked the officials to initiate soft loan schemes for Small and Medium Enterprises
Published 23 Jul, 2016 12:00am
'Ishq Positive' launched in Pakistan

'Ishq Positive' launched in Pakistan

The upcoming movie Ishq Positive held a press conference at McDonald's Main Boulevard Branch Lahore on 20th July. McDonald's Pakistan has been a Pakistani staple since early 1998. It has continuously made efforts to promote the local film industry and nur
Published 23 Jul, 2016 12:00am
SNGPL, UET Lahore sign MoU

SNGPL, UET Lahore sign MoU

Sui Northern Gas Pipelines Limited (SNGPL) signed a Memorandum of Understanding with University of Engineering & Technology (UET), Lahore for sponsorship of chair on gas engineering at Department of Chemical Engineering, UET. This is the third memorandum
Published 23 Jul, 2016 12:00am
HRCP advises government against reviving POPA

HRCP advises government against reviving POPA

The Human Rights Commission of Pakistan (HRCP) has expressed concern over moves to revive the Protection of Pakistan Act (POPA), which had expired on July 15, and urged the government to avoid resorting to laws that violate the fundamental rights enshrine
Published 23 Jul, 2016 12:00am
Chinese delegation calls on Acting NA Speaker

Chinese delegation calls on Acting NA Speaker

The Acting Speaker National Assembly Murtaza Javed Abbasi has said that Pakistan values high its relations with China and desired to further solidify its deep rooted strategic partnership of cooperation for mutual benefit of both the countries. He said th
Published 23 Jul, 2016 12:00am
Imran congratulates, albeit grudgingly, PML-N

Imran congratulates, albeit grudgingly, PML-N

The PML-N won a decisive victory with 75 percent of the seats in the AJK parliament - a victory that the PPP has dismissed by claiming massive rigging while the PTI maintained that AJK always favours the incumbent government in Islamabad - prompting Prime
Published 23 Jul, 2016 12:00am
Hashoo Foundation marks World Youth Skills Day

Hashoo Foundation marks World Youth Skills Day

To celebrate the "World Youth Skills Day 2016," Hashoo Foundation arranged one-day seminar at Human Development Resource Centre, Rawalpindi recently. The objective of this event was to highlight the issues of unemployment and illiteracy being faced by the
Published 23 Jul, 2016 12:00am
Pak-Afghan joint technical group meeting in Kabul on July 26

Pak-Afghan joint technical group meeting in Kabul on July 26

The first meeting of Afghanistan-Pakistan joint technical working group under the high level consultation mechanism for co-ordination on border management and related security issues will be held in Kabul on July 26, 2016, Foreign Office said. Director Ge
Published 23 Jul, 2016 12:00am
KP CM nominates coordinator for minority affairs

KP CM nominates coordinator for minority affairs

Chief Minister Khyber Pakhtunkhwa Pervez Khattak Friday nominated Ravi Kumar as coordinator for minority affairs in the province assuring that the provincial government would never ignore the welfare of minorities in the province. He made this announcemen
Published 23 Jul, 2016 12:00am
Senate panel to adopt amended Electronic Crime Bill on Monday

Senate panel to adopt amended Electronic Crime Bill on Monday

The Senate Standing Committee on Information Technology and Telecommunication is all set to pass the amended "Electronic Crime Bill 2016" on Monday, proposing a maximum punishment of 14 years with fine of Rs 50 million for cyber terrorism to deal with the
Published 23 Jul, 2016 12:00am
Check on illegal sale, purchase of human organs ordered

Check on illegal sale, purchase of human organs ordered

National Assembly's Standing Committee on Human Rights on Friday directed the police departments of all four provinces, Azad Kashmir and Gilgit-Baltistan to keep an eye on illegal sale and purchase of human organs in the country. Meeting of the committee
Published 23 Jul, 2016 12:00am
Iran resumes global oil game? - I

Iran resumes global oil game? - I

I had urged the late Lieutenant General Hamid Gul to watch Christopher Plumber's and George Clooney's movie Syriana which was based on an LNG deal between an imagery Gulf country and California-based Connex and Killn oil companies. General Gul was quite s
Published 23 Jul, 2016 12:00am
Suspect North Korean nuclear site identified

Suspect North Korean nuclear site identified

A US think-tank said Friday it may have identified a secret North Korean gas centrifuge plant used in the early stages of the nuclear-armed country's illicit uranium enrichment efforts. The Institute for Science and International Security (ISIS) said iden
Published 23 Jul, 2016 12:00am
Qatar to pay Gaza salaries

Qatar to pay Gaza salaries

The wealthy Gulf state of Qatar has pledged to pay one-month salaries for public sector employees in Gaza, to help "alleviate the suffering" caused by the Israeli blockade, state media said. The Emir of Qatar, Sheikh Tamim bin Hamad al-Thani, has ordered
Published 23 Jul, 2016 12:00am
One dead in shooting at Ivory Coast protest

One dead in shooting at Ivory Coast protest

At least one person was killed and about 10 others wounded by gunfire in Ivory Coast on Friday when riots erupted during protests over a hike in electricity rates. Demonstrators ransacked a number of electricity company agencies, government buildings and
Published 23 Jul, 2016 12:00am
Greece lowers voting age to 17

Greece lowers voting age to 17

Greek lawmakers voted Thursday to amend electoral law to lower the voting age by a year to 17 and eventually eliminate a 50-seat bonus for the winning party. While the drop in voting age will take effect in the next election, the seat bonus will only be s
Published 23 Jul, 2016 12:00am
US retracts policy likening war journalists to 'spies'

US retracts policy likening war journalists to 'spies'

The US military has stepped back from a policy published last year that likened journalists to spies and suggesting they may be treated as "belligerents." The Pentagon on Friday updated its Law of War Manual, which provides guidance and legal advice for m
Published 23 Jul, 2016 12:00am
Poland says WWII massacre by Ukraine was 'genocide'

Poland says WWII massacre by Ukraine was 'genocide'

Poland's right-wing dominated parliament on Friday recognised as "genocide" a massacre of 100,000 Poles by Ukrainian nationalists seven decades ago, in a move that quickly drew criticism from Kiev. "The victims of the crime committed in the 1940s by Ukrai
Published 23 Jul, 2016 12:00am
France to supply artillery to Iraqi army: Hollande

France to supply artillery to Iraqi army: Hollande

France will supply weapons to Iraq to support its fight against the Islamic State group, President Francois Hollande said Friday, but ruled out any troop deployment in the country. "This morning at the defence council, I took the decision as part of the a
Published 23 Jul, 2016 12:00am
Kenya jails ivory 'kingpin' for 20 years

Kenya jails ivory 'kingpin' for 20 years

A Kenyan court sentenced an ivory trafficking "kingpin" to 20 years in jail Friday, a symbolically heavy penalty in a nation where major poachers are rarely punished. Feisal Mohamed Ali, a Kenyan national, must be made an "example (of) for those behind th
Published 23 Jul, 2016 12:00am
AIDS summit ends with call for more funding

AIDS summit ends with call for more funding

The International Aids Conference in South Africa wrapped up Friday with calls for increased funding as the search for a cure continues and with HIV infections running at around 2.5 million a year. "The work simply isn't done," incoming International Aids
Published 23 Jul, 2016 12:00am
Root reaches landmark as England make solid start

Root reaches landmark as England make solid start

Joe Root's unbeaten 141 was the centrepiece of England's commanding 314 for four on the first day of the second Test against Pakistan at Old Trafford on Friday. England captain Alastair Cook, who won the toss on a good pitch and in sunny conditions ideal
Published 23 Jul, 2016 12:00am
Uzair wins Edhi Memorial Junior Squash title

Uzair wins Edhi Memorial Junior Squash title

Uzair Shoukat clinched the trophy after recording victory against Ahmad Hassan in the Under-15 category final of the Abdul Sattar Edhi Memorial Junior Squash Championship played here at PAF Hashim Khan Squash Complex Friday. Base Commander Peshawar Base A
Published 23 Jul, 2016 12:00am
Cilic splits with coach Ivanisevic

Cilic splits with coach Ivanisevic

Former US Open champion Marin Cilic said Thursday he and coach Goran Ivanisevic had split despite his compatriot having guided him to his only Grand Slam title. Former Wimbledon champion Ivanisevic teamed up with Cilic in 2013 before the pair celebrated t
Published 23 Jul, 2016 12:00am
Kohli hits maiden Test double century

Kohli hits maiden Test double century

Indian captain Virat Kohli reached a maiden Test double-century as he continued to plunder the West Indies bowlers with the tourists reaching lunch at 404 for four on the second day of the first Test at the Sir Vivian Richards Stadium in Antigua on Friday
Published 23 Jul, 2016 12:00am
Samsung debuts Rio Olympic advertisement 'The Anthem'

Samsung debuts Rio Olympic advertisement 'The Anthem'

With less than one month to go until the opening ceremony of the Rio 2016 Olympic Games, Samsung Electronics Co, Ltd world-wide Olympic partner in the wireless communications equipment, debuted its marquee Olympic Games advertisement, titled "The Anthem."
Published 23 Jul, 2016 12:00am
Saudi Arabia relegates club over match fixing

Saudi Arabia relegates club over match fixing

Saudi Arabia's football governing body has relegated a club and penalised several officials over match fixing in the kingdom's second tier. The Saudi Arabian Football Federation (SFF) ordered the relegation of Al-Mojzel to the second division (Saudi's thi
Published 23 Jul, 2016 12:00am
LUMS FC beat Nadeem Club in Fame Football League

LUMS FC beat Nadeem Club in Fame Football League

Football Club of the Lahore University of Management Sciences (LUMS) routed Nadeem Football Club (FC) 4-2 in the super round of Fame Football League-2015-16 (FFL-2015-16) by hitting three goals in just five minutes. The match started in an aggressive Euro
Published 23 Jul, 2016 12:00am
Allardyce gets England job at second time of asking

Allardyce gets England job at second time of asking

Sam Allardyce is the new England manager after the Football Association officially appointed him on Friday, 10 years after he failed to convince them he was the right man for the job. The 61-year-old Englishman - who lost out to Steve McClaren 10 years ag
Published 23 Jul, 2016 12:00am
Cibulkova advances to quarters at Stanford

Cibulkova advances to quarters at Stanford

Dominika Cibulkova, who was playing her first match since reaching the quarter-finals of Wimbledon, defeated Urszula Radwanska 7-6 (7/3), 6-3 in her opening match at the WTA Stanford tournament on Thursday. The second seeded Slovak was one of the last amo
Published 23 Jul, 2016 12:00am
Russia bids to avoid Rio ban as IOC reports new test failures

Russia bids to avoid Rio ban as IOC reports new test failures

Russia on Friday made a last-ditch bid to avoid a blanket ban at the Rio Games over state-run doping as a fresh batch of drug test failures from Beijing 2008 and London 2012 rocked the Olympics. The IOC's executive board are to hold a conference call on S
Published 23 Jul, 2016 12:00am
Bardet wins Tour 19th stage

Bardet wins Tour 19th stage

Romain Bardet won the 19th stage of the Tour de France on Friday as Chris Froome survived a dramatic crash to maintain his race lead. Bardet won his second Tour stage following one last year, the first for a Frenchman this year, and moved up to second ove
Published 23 Jul, 2016 12:00am
Aussie, kiwi down
Currency

Aussie, kiwi down

The Australian dollar appeared to be heading for its largest weekly fall in 2-1/2 months on Friday as markets wagered coming inflation data would trigger a rate cut at home while upbeat US figures aided the American currency. The Australian dollar fell 0.
Published 23 Jul, 2016 12:00am
Sterling slides
Currency

Sterling slides

Sterling fell 1 percent and gilts rose on Friday after surveys showed business activity had wilted in the wake of the Brexit vote, bolstering expectations the Bank of England will have to do more next month to stimulate growth. Britain's benchmark stock i
Published 23 Jul, 2016 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee ended firmer on Friday as dollar selling by a state-run bank surpassed late importer demand for the greenback. One-week rupee forwards, which have been acting as a proxy for the spot rupee, traded at 145.90 intraday on dollar sales by
Published 23 Jul, 2016 12:00am
Steadier yuan supports Asia FX
Currency

Steadier yuan supports Asia FX

Most emerging Asian currencies edged up on Friday, tracking a steadier yuan, but regional units were set for weekly losses as investors awaited policy decisions from the US and Japanese central banks next week. The yuan looked on track for its largest wee
Published 23 Jul, 2016 12:00am
Dollar drops against yen in New York

Dollar drops against yen in New York

The dollar fell from a six-week high against the yen on Thursday after Bank of Japan chief Haruhiko Kuroda said the bank saw no need to stimulate the economy with "helicopter money." Investors had been betting on an aggressive round of stimulus from next
Published 23 Jul, 2016 12:00am
Early trade in New York: dollar keeps rising
Currency

Early trade in New York: dollar keeps rising

The dollar index rose to a more than four-month high on Friday as positive US data and weak readings from overseas prompted investors to re-evaluate the likelihood of central bank policy divergence between the United States and other developed countries.
Published 23 Jul, 2016 12:00am
Sterling, yen down in Europe
Currency

Sterling, yen down in Europe

Surveys that suggested the UK economy may start to contract in quarterly terms after last month's Brexit vote dominated trade on major currency markets on Friday, knocking almost 1 percent off sterling across the board. The yen also weakened, weighed down
Published 23 Jul, 2016 12:00am
Yen off six-week low in Asia
Currency

Yen off six-week low in Asia

The yen hovered above six-week lows on Friday after comments from Bank of Japan Governor Haruhiko Kuroda dented speculation Japan may be preparing a radical "helicopter money" economic stimulus. The yen bounced back to 105.88 yen per dollar from 107.49, i
Published 23 Jul, 2016 12:00am
FTSE gains on BoE stimulus expectations

FTSE gains on BoE stimulus expectations

Britain's top share index edged higher on Friday on hopes of further action from the country's central bank following poor UK economic data, with companies like Vodafone and CRH gaining on positive updates. Expectations grew that the Bank of England would
Published 23 Jul, 2016 12:00am
Most Southeast Asian stocks down

Most Southeast Asian stocks down

Most Southeast Asian stocks markets ended lower on Friday after weak US corporate results, and as statements from the Bank of Japan governor hinting at no plans to expand stimulus programmes hurt investor sentiment. In a BBC interview broadcast on Thursda
Published 23 Jul, 2016 12:00am
Australian shares steady; NZ hits fresh record

Australian shares steady; NZ hits fresh record

Australia's shares paused near a one-year high on Friday, though a rally in the natural resources sector offset some losses in energy and financials, while New Zealand's bourse touched an all-time high. The S&P/ASX 200 index eased 0.26 percent, or 14.19 p
Published 23 Jul, 2016 12:00am
European shares slip as Banco de Sabadell skids

European shares slip as Banco de Sabadell skids

European stock markets slipped on Friday, weighed down by falls at Spain's Banco de Sabadell , though Vodafone gained after its update. The pan-European STOXX 600 was down by 0.1 percent while the similar FTSEurofirst 300 was flat at the close. Banca de S
Published 23 Jul, 2016 12:00am
Indian shares soar in lacklustre trade

Indian shares soar in lacklustre trade

Indian shares ended higher on Friday, although the indexes ended marginally down for the week, with corporate earnings bringing positivity into an otherwise lacklustre market. The BSE index rose 0.33 percent to 27,803.24. The broader NSE index climbed 0.3
Published 23 Jul, 2016 12:00am
China stocks slide

China stocks slide

China stocks closed down on Friday after a central bank official cast doubts on the likelihood of further interest rate cuts and investors took profits following the previous day's bounce. Sheng Songcheng, director of the Survey and Statistics Department
Published 23 Jul, 2016 12:00am
Treasury yields slide

Treasury yields slide

US Treasury long-dated debt yields fell from multi-week highs on Thursday, tracking declines in US equities, as risk aversion crept back into the market with earnings disappointment at US tech company Intel and news of arrests over an alleged terror plot
Published 23 Jul, 2016 12:00am
Treasury yields slide

Treasury yields slide

US Treasury long-dated debt yields fell from multi-week highs on Thursday, tracking declines in US equities, as risk aversion crept back into the market with earnings disappointment at US tech company Intel and news of arrests over an alleged terror plot
Published 23 Jul, 2016 12:00am
Hong Kong shares down

Hong Kong shares down

Hong Kong shares finished down on Friday as Asian shares slid after weak corporate earnings halted Wall Street's record run. The Hang Seng index fell 0.2 percent, to 21,964.27, while the China Enterprises Index lost 0.3 percent, to 9,031.93 points. For th
Published 23 Jul, 2016 12:00am
Intel, transports sap Wall Street's strength

Intel, transports sap Wall Street's strength

Wall Street cooled off on Thursday as disappointing quarterly reports from tech stalwart Intel and from transportation companies stalled momentum in a US corporate earnings season that has been better than feared. The S&P 500 and Dow industrials pulled ba
Published 23 Jul, 2016 12:00am
Friday's early afternoon trade: tech, telecoms lead stocks higher

Friday's early afternoon trade: tech, telecoms lead stocks higher

The S&P 500 and the Nasdaq were higher Friday, led by technology and telecom stocks, while the Dow's gains were limited by industrials after GE's disappointing results. GE, long considered a bellwether for the US economy, dropped 2.2 percent after its rep
Published 23 Jul, 2016 12:00am
Tokyo stocks down, Nintendo up on Pokemon launch

Tokyo stocks down, Nintendo up on Pokemon launch

Tokyo shares closed lower Friday as worries over a flagged stimulus dented spirits, but Nintendo rose again as the hugely popular Pokemon Go app launched in Japan, its home market. Trading got off to a weak start as investors bought the yen after an inter
Published 23 Jul, 2016 12:00am
Investors shift into longer debt as ECB ducks scarcity issue

Investors shift into longer debt as ECB ducks scarcity issue

Investors bought up longer-dated eurozone debt on Friday, expecting the European Central Bank to focus its bond purchases on higher-yielding paper as it faces a shortage of eligible assets for its stimulus scheme. Around a third of euro zone government bo
Published 23 Jul, 2016 12:00am
Investors shift into longer debt as ECB ducks scarcity issue

Investors shift into longer debt as ECB ducks scarcity issue

Investors bought up longer-dated eurozone debt on Friday, expecting the European Central Bank to focus its bond purchases on higher-yielding paper as it faces a shortage of eligible assets for its stimulus scheme. Around a third of euro zone government bo
Published 23 Jul, 2016 12:00am
Volkswagen halts sales of most vehicles in South Korea

Volkswagen halts sales of most vehicles in South Korea

German carmaker Volkswagen will suspend sales of most of its models in South Korea from July 25 as pressure builds on the company over its falsified emissions tests. South Korea is the latest country forcing Volkswagen to take drastic measures to repair i
Published 23 Jul, 2016 12:00am
Canada June inflation stays tame, central bank seen on sidelines

Canada June inflation stays tame, central bank seen on sidelines

Canada's annual inflation rate held at a relatively tame 1.5 percent in June, Statistics Canada said on Friday, which analysts said would reinforce the likelihood the Bank of Canada keeps interest rates on hold. The central bank - which cut rates twice la
Published 23 Jul, 2016 12:00am
Mexico annual inflation up

Mexico annual inflation up

Mexico's annual inflation rate rose faster than expected in early July, driven up by higher gasoline prices, but it was still below the central bank's target. Inflation in the 12 months through mid-July rose to 2.72 percent, the national statistics instit
Published 23 Jul, 2016 12:00am
New social media tools empower citizen journalism

New social media tools empower citizen journalism

It may be inside a protest rally, or in front of a deadly shooting. Smartphones, video and social media are empowering citizens to tell their stories like never before. This became clear with the live video earlier this month from Diamond Reynolds when sh
Published 23 Jul, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 23 Jul, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 23 Jul, 2016 12:00am
Tarzan swings again in screen tale of rescue and revenge

Tarzan swings again in screen tale of rescue and revenge

Tarzan may have left the jungle, but the call of the wild proves too irresistible for the vine-swinging hero as he is lured back to the African forests, only to find himself racing to save his kidnapped wife and the Congolese people in a new film.
Published 23 Jul, 2016 12:00am
BRIDGE NOTES: Moysian fit

BRIDGE NOTES: Moysian fit

A lot has been written on bidding in Bridge. Countless conventions reign supreme as far as finding the right contract is concerned. And yet even at the highest international level, catastrophes occur in bidding when partners are not on the same wave lengt
Published 23 Jul, 2016 12:00am
Life Lessons from the man who gave us Bieber

Life Lessons from the man who gave us Bieber

Scooter Braun made his name as the man who discovered music phenomenon Justin Bieber nearly 10 years ago. Today, the talent roster of his management firm works with a number of big names, like Kanye West, Black Eyed Peas and Carly Rae Jepsen, which landed
Published 23 Jul, 2016 12:00am
Bollywood bad boy Salman Khan's unstoppable box office appeal

Bollywood bad boy Salman Khan's unstoppable box office appeal

He's been accused of killing a homeless man, shooting dead an endangered animal and assaulting a former Miss World but it seems nothing can stop the box office appeal of Bollywood bad boy Salman Khan. The Indian superstar's latest blockbuster smashed reco
Published 23 Jul, 2016 12:00am
Zoe Saldana: the action heroine who takes no prisoners

Zoe Saldana: the action heroine who takes no prisoners

She is emerging as the go-to star for big budget action blockbusters, knocking human and alien heads together in "Avatar," "Guardians of the Galaxy" and "Star Trek." But 38-year-old US actress Zoe Saldana isn't averse to giving her real-life adversaries a
Published 23 Jul, 2016 12:00am
Soda & other sweet drinks tied to risk for some rare cancers

Soda & other sweet drinks tied to risk for some rare cancers

People who drink lots of soda or other sugary beverages may have a higher risk of developing rare cancers in the gallbladder and bile ducts around the liver, a Swedish study suggests. Little is known about the causes of biliary tract and gallbladder tumor
Published 23 Jul, 2016 12:00am
Pokemon Go blamed for crimes but also aids embattled US police

Pokemon Go blamed for crimes but also aids embattled US police

The Pokemon Go craze is blamed for several robberies of distracted mobile phone players, but the game's cartoon characters have also helped US police improve strained community relations and even arrest wanted suspects.
Published 23 Jul, 2016 12:00am
How health-boosting crops could benefit 1 billion people

How health-boosting crops could benefit 1 billion people

Food economist Howarth Bouis is a man with a very big mission: to get staple foods fortified with health-improving vitamins and minerals to 1 billion people in the developing world by 2030. US-based HarvestPlus, the programme he founded to kick-start that
Published 23 Jul, 2016 12:00am
Canadian canola futures flat

Canadian canola futures flat

ICE Canadian canola futures ended unchanged on Wednesday in thin, lackluster trading. Upside is limited by expectations for a bumper Canadian canola crop, a trader said. November canola settled unchanged at $463.40 per tonne. January canola was flat at $4
Published 23 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 8,287 million and the number of lots traded was 21,184. PMEX Commodity Index closed at 2,966. Major business was contributed by gold amounting to PKR 3,866 million. This was followe
Published 23 Jul, 2016 12:00am
APPRECIATION FOR STEERING COMMITTEE ON PROMOTION OF ISLAMIC BANKING

APPRECIATION FOR STEERING COMMITTEE ON PROMOTION OF ISLAMIC BANKING

We laud efforts of Steering Committee on Promotion of Islamic Banking formed by Honourable Mr Muhammad Ishaq Dar, Finance Minister. The Committee was headed by Mr Saeed Ahmed, Deputy Governor State Bank of Pakistan. The Committee took this task as challen
Published 23 Jul, 2016 12:00am
KARACHI CHRONICLE: 'Coup' posters

KARACHI CHRONICLE: 'Coup' posters

A little known Punjab-based political party which calls itself Move On Pakistan (MOP) put up banners in 13 cities across the country urging the army chief General Raheel Sharif to take over and form a government of technocrats. The ISPR quickly distanced
Published 23 Jul, 2016 12:00am
Could fruit and veg boost happiness?

Could fruit and veg boost happiness?

The reasons experts usually give for eating more fruit and vegetables tend to be about long-term health benefits, but piling on the produce may also improve wellbeing in the shorter term, researchers say. Based on national surveys in Australia, the study
Published 23 Jul, 2016 12:00am
Expanding farms harm nature on 58 percent of world's land: study

Expanding farms harm nature on 58 percent of world's land: study

An expansion of farmland has damaged nature beyond a "safe" limit on 58 percent of the world's land surface, threatening natural services such as crop pollination by insects, scientists said on last Thursday. Grasslands, such as in United States, Argentin
Published 23 Jul, 2016 12:00am
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