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Print - 2016-07-29
UIT's exhibition characterised by job opportunities

UIT's exhibition characterised by job opportunities

Usman Institute of Technology (UIT) held its Annual Final Year Projects Exhibition and Open House at its campus. On the sidelines of the big day, a job fair for the institute's fresh graduates, featuring national and multinational firms and organisations
Published 29 Jul, 2016 12:00am
Punjab, KP, GB & Kashmir: flash flooding, landslides feared

Punjab, KP, GB & Kashmir: flash flooding, landslides feared

Expected heavy rains in the next 24 hours may cause flash flooding and landslides in the vulnerable areas of Punjab, Khyber Pakhtunkhwa (KP), Gilgit Baltistan (GB) and Kashmir. According to the National Disaster Management Authority (NDMA), rain coupled w
Published 29 Jul, 2016 12:00am
CPNE delegation calls on Secretary IB&NH

CPNE delegation calls on Secretary IB&NH

A delegation of CPNE Executive Committee members headed by its President Zia Shahid and Secretary General Aijazul Haq held a meeting with Secretary Ministry of Information, Broadcasting and National Heritage (IB&NH) S.M. Imran Gardezi to discuss issues re
Published 29 Jul, 2016 12:00am
NAB arrests former nazim Quetta

NAB arrests former nazim Quetta

The National Accountability Bureau (NAB) Balochistan has taken ex-nazim Quetta, Mir Maqbool Lehri into custody in corruption case after his application for bail before arrest was rejected by the court, here on Thursday. The NAB team took away Maqbool Lehr
Published 29 Jul, 2016 12:00am
Mayor-designate granted B Class in jail

Mayor-designate granted B Class in jail

An Anti-Terrorism Court on Thursday granted the request to provide B class in jail to MQM's mayor-designate Waseem Akhtar. During the proceedings of the case to grant B class in jail to the former Home Minister of Sindh, Waseem Akhtar's lawyer argued that
Published 29 Jul, 2016 12:00am
Government under fire in Senate for 'shutting down' 497 schools in Fata

Government under fire in Senate for 'shutting down' 497 schools in Fata

The lawmakers in Senate on Thursday lambasted the government for not reining in Fata Secretariat that has shut down 497 schools in Federally Administered Tribal Areas (Fata) despite getting billions of dollars to promote education in the troubled area. Sp
Published 29 Jul, 2016 12:00am
Disqualification of Captain Safdar: ECP adjourns hearing of petition

Disqualification of Captain Safdar: ECP adjourns hearing of petition

Election Commission of Pakistan (ECP) on Thursday adjourned the hearing of petition filed against disqualification of the son-in-law of Prime Minister Nawaz Sharif and member of National Assembly Captain Mohammad Safdar (Retd). Five members bench adjourne
Published 29 Jul, 2016 12:00am
R&D budget to be increased to one percent of GDP by 2018: Tanvir

R&D budget to be increased to one percent of GDP by 2018: Tanvir

Federal Minister for Science and Technology Rana Tanveer Hussain has said that budget for research and development (R&D) will be increased to one percent of the Gross Domestic Product (GDP) by 2018 for meeting modern world demands and making the country's
Published 29 Jul, 2016 12:00am
20 agreements, 25 MoUs signed: CM Punjab visits Qingdao

20 agreements, 25 MoUs signed: CM Punjab visits Qingdao

Punjab Chief Minister Muhammad Shahbaz Sharif has announced provision of free of cost land to big Chinese investors on investment in Punjab and said that provincial government highly values Chinese investors. He said that Chinese experts and investors wor
Published 29 Jul, 2016 12:00am
Samia Shahid's murder case: her friend included in investigation

Samia Shahid's murder case: her friend included in investigation

Police have expedited investigation in the murder of Samia Shahid, a British national of Pakistani origin and included her friend Ambreen in the probe, sources said. Samia Shahid was found dead at her parent's house at Mangla in district Jehlum after she
Published 29 Jul, 2016 12:00am
Partly Facetious: Our party leaders are lifers

Partly Facetious: Our party leaders are lifers

"I watched the Republican party convention and am now watching the Democratic party convention and you know what strikes me is the praises of leaders of these two parties on their nominee for the presidential race..."
Published 29 Jul, 2016 12:00am
10 million people exposed to Hepatitis C in Pakistan: Dr Abbas

10 million people exposed to Hepatitis C in Pakistan: Dr Abbas

"A careful estimate of number of hepatitis patients in Pakistan shows that about 10 million people have been exposed to Hepatitis C and 5 million to Hepatitis B. Pakistan is only second to China in the total pool of Hepatitis C patients in a single countr
Published 29 Jul, 2016 12:00am
Recruitments: NA panel tells OPF to furnish details

Recruitments: NA panel tells OPF to furnish details

The National Assembly Standing Committee on Overseas Pakistanis and Human Resource Development has directed the Overseas Pakistanis Foundation (OPF) to provide details of recruitments made in OPF during the last one year. Expressing disappointment over th
Published 29 Jul, 2016 12:00am
NA body preparing comprehensive national policy on Kashmir issue

NA body preparing comprehensive national policy on Kashmir issue

Sub-Committee of the Special Committee of the National Assembly on Kashmir is preparing a comprehensive 'National Policy' on the Kashmir issue and for this purpose it may recommend calling of All Parties Conference (APC). The Sub-Committee met with Muhamm
Published 29 Jul, 2016 12:00am
US must not ignore Pakistan, says McCain

US must not ignore Pakistan, says McCain

The United States Senator and Chairman of the Senate Committee on Armed Services, John McCain has asked Washington, Islamabad and Kabul to settle their differences and concentrate more on fighting terrorists in unison, their common enemy.
Published 29 Jul, 2016 12:00am
Pakistan wants closer cooperation with new British government: Nisar

Pakistan wants closer cooperation with new British government: Nisar

Interior Minister Chaudhry Nisar Ali Khan maintained that Pakistan wants to open channels of communication and cooperation with the incoming British government at the earliest. The Interior Minister expressed his views during a meeting with the British Hi
Published 29 Jul, 2016 12:00am
Terror threat: twin cities put under tight security

Terror threat: twin cities put under tight security

The security have been put on high alert following fresh intelligence reports that terrorists are planning to attack sensitive installations and public places in the twin cities of Islamabad and Rawalpindi. Following terror alert, the police and other law
Published 29 Jul, 2016 12:00am
'Collaboration of academia & media helps improve ethical standards'

'Collaboration of academia & media helps improve ethical standards'

Strong academia and media industry collaboration is the only way to improve the ethical standards, said participants at a seminar held at the National University of Modern Languages (NUML), Peshawar on Thursday. Industry experts, senior journalists, media
Published 29 Jul, 2016 12:00am
Guns cheaper than smartphones in tribal town

Guns cheaper than smartphones in tribal town

Gunfire echoes through a dusty north-west tribal town, the soundtrack to country's biggest arms black market, where Kalashnikovs welded from scrap metal are cheaper than smartphones and sold on an industrial scale. Darra Adamkhel, a town surrounded by hil
Published 29 Jul, 2016 12:00am
ICT Police Communication system linked with NADRA

ICT Police Communication system linked with NADRA

The process of maintaining data in the Islamabad Capital Territory Police Communication System (ICTPOLCOM) has been started and system is linked with the NADRA to update record of any person in case of his or her involvement in any criminal activity.
Published 29 Jul, 2016 12:00am
Minister directs IPO to develop national IP strategy

Minister directs IPO to develop national IP strategy

Minister for Commerce, Engr. Khurram Dastgir Khan has directed the Intellectual Property Organisation (IPO) to develop the National IP Strategy and fast track the pending amendments in legislations in the field of trade-marks, patents, copy rights and ind
Published 29 Jul, 2016 12:00am
Violation of rules: Safa Gold Mall sealed by CDA

Violation of rules: Safa Gold Mall sealed by CDA

The Capital Development Authority (CDA) on Thursday sealed Safa Gold Mall in Sector F-7 for violation of building codes. A CDA official told Business Recorder that the actual measurement of Safa Gold Mall is 3,177 square yards but the owner occupie
Published 29 Jul, 2016 12:00am
Corruption undermines development: NAB chief

Corruption undermines development: NAB chief

Qamar Zaman Chaudhry, Chairman NAB said on Thursday that corruption is the mother of all evils which undermines development and also deprives people from their due rights. Considering these facts, National Accountability Bureau (NAB) was established as Pa
Published 29 Jul, 2016 12:00am
Workshop on research techniques, creative writing skills begins today

Workshop on research techniques, creative writing skills begins today

Pakistan Study Centre University of Peshawar is holding "National Workshop on Research Techniques and Creative Writing Skills" from 29 to 31 July, at Peshawar University Summer Camp Baragali (Near Nathiagali-District Abbottabad). Chairperson of Organising
Published 29 Jul, 2016 12:00am
Spain wants to develop strong trade ties with Pakistan: envoy

Spain wants to develop strong trade ties with Pakistan: envoy

Ambassador of Spain to Pakistan, Carlos Morales has said that his country was keen to develop the strong trade ties with Pakistan. He said there are vast opportunities for both countries to develop and strengthen their mutual trade and economic relations.
Published 29 Jul, 2016 12:00am
Mohmand Agency operation: weapons, explosives recovered

Mohmand Agency operation: weapons, explosives recovered

A cache of weapons and explosive materials and a dead body were recovered by personnel of Frontier Core during search operation in Ghallanai area here on Thursday. According to FC spokesman, on a tip-off about presence of terrorists in the area the person
Published 29 Jul, 2016 12:00am
Centre to build 20 dams across Balochistan

Centre to build 20 dams across Balochistan

Federal government will start construction of 20 small to medium dams throughout Balochistan at an estimated cost of Rs 8.53 billion. According to documents available with Business Recorder, the government is sponsoring construction of 100 dams in
Published 29 Jul, 2016 12:00am
Insurance/Takaful companies sign pact with CDC

Insurance/Takaful companies sign pact with CDC

Insurance/ Takaful companies have signed an agreement with the Central Depository Company (CDC) to join the centralised information sharing solution for the health insurance (CISSII) on Thursday at SECP head office. The agreement was signed by the authori
Published 29 Jul, 2016 12:00am
Insurance/Takaful companies sign pact with CDC

Insurance/Takaful companies sign pact with CDC

Insurance/ Takaful companies have signed an agreement with the Central Depository Company (CDC) to join the centralised information sharing solution for the health insurance (CISSII) on Thursday at SECP head office. The agreement was signed by the authori
Published 29 Jul, 2016 12:00am
700,000 people die each year from hepatitis C-related diseases

700,000 people die each year from hepatitis C-related diseases

"Approximately 700,000 people die each year from hepatitis C related liver diseases. More than 686,000 people die every year due to complications of hepatitis B, including cirrhosis and liver cancer. An estimated 240 million people are chronically infecte
Published 29 Jul, 2016 12:00am
PCGA hails SC's judgement
Cotton

PCGA hails SC's judgement

Pakistan Cotton Ginners Association (PCGA) has hailed the judgement of Supreme Court and upholding the orders of the Punjab government to ban on setting up of new sugar mills in cotton core areas and extension to the existing ones in public and national i
Published 29 Jul, 2016 12:00am
Sufficient stocks of sugar available: PSMA

Sufficient stocks of sugar available: PSMA

Spokesman of Pakistan Sugar Mills Association (PSMA) Punjab Zone has said that sufficient stocks of sugar are available in the country. He said, recent increase in the prices of sugar is due to market mechanism. When payments of sugarcane growers are clea
Published 29 Jul, 2016 12:00am
NTDC energises 500 KV new Gakhar-Lahore transmission line

NTDC energises 500 KV new Gakhar-Lahore transmission line

The NTDC has energised 500 kV New Gakhar - Lahore Circuit-II transmission line at 1436 hours Thursday after rehabilitation of 8 collapsed towers along with installation of Optical Fiber Ground Wire (OPGW). Tower No 37 to 44 were damaged due to heavy rains
Published 29 Jul, 2016 12:00am
Chinese delegation shows interest in floriculture

Chinese delegation shows interest in floriculture

A delegation from Shandong province of China on Thursday expressed interest in importing cut flowers from Pakistan following rapidly increasing demand of floriculture variety in China. The delegation that met President of Pak China Chamber of Commerce and
Published 29 Jul, 2016 12:00am
World Hepatitis Day observed

World Hepatitis Day observed

The World Hepatitis Day-2016 was marked on Thursday here like other parts of the world with a resolve to continue efforts for prevention of hepatitis by raising awareness among the masses. The day saw a host of walks, seminars, workshops, scientific sessi
Published 29 Jul, 2016 12:00am
Jamaat-e-Islami APC on Kashmir today

Jamaat-e-Islami APC on Kashmir today

Chief of Jamaat-e-Islami Senator Sirajul Haq, has convened an All Parties Conference in Islamabad on Friday, to draw the attention of the world community and the UN to the Kashmir issue that had once again gained importance due to the martyrdom of Command
Published 29 Jul, 2016 12:00am
Safe blood transfusion: legislation being carried out: Advisor

Safe blood transfusion: legislation being carried out: Advisor

Advisor to Chief Minister Punjab Khawaja Salman Rafiq has said that legislation is being carried out for safe blood transfusion and a draft bill has been presented to the standing committee of Punjab Assembly. The scrutiny of the draft bill of Safe Blood
Published 29 Jul, 2016 12:00am
Workshop on bio-safety begins at UHS

Workshop on bio-safety begins at UHS

Increased number of global incidence of mismanagement of dangerous pathogens at workplaces has necessitated revisiting the existing regulations on bio-safety and bio-security in the country and strict implementation of these laws, said bio-risk experts, w
Published 29 Jul, 2016 12:00am
Senate body expresses displeasure over CDA's performance

Senate body expresses displeasure over CDA's performance

Senate House Committee on Thursday expressed displeasure over working of Capital Development Authority (CDA) and directed its officials to improve their performance. Committee of the meeting was held in-camera in the Parliament House wherein CDA officials
Published 29 Jul, 2016 12:00am
CPEC: private sector's point of view

CPEC: private sector's point of view

In the midst of the justifiable excitement surrounding China-Pakistan Economic Corridor (CPEC), it is pertinent to assess what the Pakistan-China friendship means to the different stakeholders in the country. For the Ayub era generation, the significance
Published 29 Jul, 2016 12:00am
SC concerned at rampant drug price hike

SC concerned at rampant drug price hike

Expressing grave concern over rampant medicine price hike in the country, the Supreme Court Thursday sought comprehensive report pertaining to current operational status of laboratories including detail of medical equipments in District Headquarter hospit
Published 29 Jul, 2016 12:00am
Air France strike affects 30,000 passengers on day two

Air France strike affects 30,000 passengers on day two

Some 30,000 passengers were affected Thursday on the second day of a weeklong strike by Air France flight crew with the cancellation of one in five flights, a company spokesman said. The disruption was slightly greater than on Wednesday. The new CEO of th
Published 29 Jul, 2016 12:00am
Lack of money threatens WFP work in Niger

Lack of money threatens WFP work in Niger

The World Food Programme warned Thursday that it could be forced to suspend humanitarian aid for malnourished infants in Niger from September because of a lack of money. WFP said a shortage of funds was threatening all its activities in Niger, one of the
Published 29 Jul, 2016 12:00am
Finnish composer Rautavaara dies

Finnish composer Rautavaara dies

Acclaimed Finnish classical composer Einojuhani Rautavaara has died aged 87, his record label said on Thursday. "It is with profound sadness we write to inform you of the death of a major composer of our time, Professor Einojuhani Rautavaara," Ondine Reco
Published 29 Jul, 2016 12:00am
France's EDF board approves contested British nuclear plan

France's EDF board approves contested British nuclear plan

French energy giant EDF's board approved Thursday the building of a nuclear power station in Britain, a source close to talks said, in a project which critics fear could bankrupt the French utility. EDF's directors had been deeply divided over the planned
Published 29 Jul, 2016 12:00am
Defiant Merkel defends refugee stance after attacks

Defiant Merkel defends refugee stance after attacks

German Chancellor Angela Merkel on Thursday rebuffed calls to reverse her welcoming stance toward refugees after a series of brutal attacks in the country. Merkel, who interrupted her summer holiday to face the media in Berlin, said the four assaults with
Published 29 Jul, 2016 12:00am
Assad offers amnesty to rebels who surrender

Assad offers amnesty to rebels who surrender

Syrian President Bashar al-Assad on Thursday offered an amnesty to armed rebels battling his forces if they surrender, the official SANA news agency reported. "Everyone carrying arms... and sought by justice... is excluded from full punishment if they han
Published 29 Jul, 2016 12:00am
Al Qaeda and Syria branch split up

Al Qaeda and Syria branch split up

The Syrian branch of al Qaeda, Al-Nusra Front, announced Thursday it was breaking ties with the global terror network, in a video showing its leader Abu Mohamad al-Jolani for the first time. The footage broadcast by Al-Jazeera news channel follows several
Published 29 Jul, 2016 12:00am
Latest El Nino weather pattern is over: UN

Latest El Nino weather pattern is over: UN

The latest El Nino weather phenomenon, which was one of the most powerful on record, has ended but could be replaced by its stormy sister La Nina in the coming months, the UN meteorological agency said Thursday. "Atmospheric indicators that had shown stro
Published 29 Jul, 2016 12:00am
Pope Francis falls in Poland, escapes injury

Pope Francis falls in Poland, escapes injury

Pope Francis fell Thursday after apparently stumbling down a step on an altar during a visit to Poland but quickly got back to his feet, seemingly without injury. Polish media broadcast images of the 79-year-old Argentine pontiff stumbling, then falling d
Published 29 Jul, 2016 12:00am
Russia announces aid operation for Aleppo

Russia announces aid operation for Aleppo

Syria regime ally Russia on Thursday announced a "large-scale" aid operation to allow civilians and fighters to flee besieged Aleppo, as the president offered an amnesty to rebels who surrender. Government forces have surrounded rebel-held districts in ea
Published 29 Jul, 2016 12:00am
Rebels form 'supreme council' to run war-torn Yemen

Rebels form 'supreme council' to run war-torn Yemen

Shia rebels and their allies Thursday formed a 10-member "supreme council" to run Yemen, in what the government condemned as a blow to already stalled UN-brokered peace talks. UN special envoy Ismail Ould Cheikh Ahmed said the move "contravenes" the rebel
Published 29 Jul, 2016 12:00am
Clinton to make case for the White House, after a big warm-up from Obama

Clinton to make case for the White House, after a big warm-up from Obama

Democ-rat Hillary Clinton will make her case for the White House on Thursday night, facing the tough task of equaling show-stopping speeches by President Barack Obama and others who have embraced her bid to become the first woman to be elected US presiden
Published 29 Jul, 2016 12:00am
Kuczynski sworn in as Peruvian president

Kuczynski sworn in as Peruvian president

Former Wall Street banker Pedro Pablo Kuczynski was inaugurated as Peru's new president Thursday, vowing to kick-start the economy and unite a country torn by a photo-finish election. The 77-year-old center-right economist extended an olive branch to defe
Published 29 Jul, 2016 12:00am
Olympic torch riot deepens Rio Games woes

Olympic torch riot deepens Rio Games woes

A riot during the Olympic torch relay cast a shadow over the Rio Games starting in just over a week Thursday, marking a new low in a ritual that had been meant to unite Brazil. The torch is nearing the end of a 300-city relay that will end with the lighti
Published 29 Jul, 2016 12:00am
Mendis ton revives Lanka hopes against Aussies

Mendis ton revives Lanka hopes against Aussies

Batting hero Kusal Mendis backed Sri Lanka's spinners to pile on the pressure against Australia after his brilliant maiden century gave the hosts an unlikely shot at victory in the first Test in Pallekele Thursday. An unbeaten 169 from Mendis helped Sri L
Published 29 Jul, 2016 12:00am
Three Russian cyclists banned from Rio, three more at risk

Three Russian cyclists banned from Rio, three more at risk

Russia's Olympic committee (ROC) has removed three cyclists from the team heading to the Rio Games while three more, who were potentially implicated in the McLaren report, are under investigation, the UCI announced on Thursday. The trio withdrawn by the R
Published 29 Jul, 2016 12:00am
Komal, Laiba shine in Edhi Memorial Women Squash

Komal, Laiba shine in Edhi Memorial Women Squash

Easy sailing for top seed Komal and second seed Laiba Ijaz in the ongoing Abdul Sattar Edhi Memorial Women Squash Championship being played here at PAF Hashim Khan Squash Complex on Thursday. The two top seeded players marched into the second round after
Published 29 Jul, 2016 12:00am
Aussie, kiwi up
Currency

Aussie, kiwi up

The Australian and New Zealand dollars inched higher on Thursday, benefiting from weakness in the US dollar after the Federal Reserve stopped short of signalling a near-term rate rise. The Australian dollar climbed 0.27 percent to $0.7512, staying above k
Published 29 Jul, 2016 12:00am
Sterling falls as minds turn to BoE

Sterling falls as minds turn to BoE

Sterling fell to a two-week low against the euro on Thursday, 3,000 job cuts at British bank Lloyds adding to signs of a worsening economic outlook as investors bet the Bank of England will cut interest rates next week. Since the 14 percent fall in the po
Published 29 Jul, 2016 12:00am
Sri Lankan rupee ends up
Currency

Sri Lankan rupee ends up

The Sri Lankan rupee ended firmer on Thursday as banks' dollar sales surpassed mild importer greenback demand ahead of the central bank's monetary policy rate announcement later in the day, dealers said. The central bank is expected to keep its key intere
Published 29 Jul, 2016 12:00am
Post-Fed dollar weakness lifts Asia FX
Currency

Post-Fed dollar weakness lifts Asia FX

Most emerging Asian currencies rose on Thursday as the dollar lost ground after the US Federal Reserve did not provide strong signals on a near-term interest rate hike, while caution grew ahead of Japan's central bank policy decision. South Korea's won hi
Published 29 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 Thursday. 78.40-78.40 (previous 78.40-78.40).
Published 29 Jul, 2016 12:00am
Dollar weakens in New York as Japan takes back focus from Fed
Currency

Dollar weakens in New York as Japan takes back focus from Fed

The US dollar weakened on Wednesday after the Federal Reserve's statement was seen as increasing the possibility of a September rate hike, but not strongly pointing towards one, and as investors turned attention back to the Japanese central bank meeting o
Published 29 Jul, 2016 12:00am
HRW wheat bids flat

HRW wheat bids flat

Spot basis bids for hard red winter wheat in the southern US Plains on Tuesday were unchanged despite the pullback in futures prices from session highs, merchandisers said. K.C. hard red winter wheat contracts bowed to profit-taking after three days of ga
Published 29 Jul, 2016 12:00am
Internal auditor hits IMF handling of Greece bailout
Currency

Internal auditor hits IMF handling of Greece bailout

An independent probe into the IMF's handling of European bailouts found that it bent its rules and was vulnerable to political pressure as it embarked on the ill-fated 2010 Greece rescue. The International Monetary Fund's Independent Evaluation Office sai
Published 29 Jul, 2016 12:00am
Lackluster US, China sales drag on Ford Motor profit; shares tumble

Lackluster US, China sales drag on Ford Motor profit; shares tumble

Ford Motor Co reported weaker-than-expected profit in the second quarter and declared that the US auto industry's long recovery was at an end, sending its stock and those of other auto companies into a tailspin. Ford shares slumped nearly 10 percent in mo
Published 29 Jul, 2016 12:00am
Lackluster US, China sales drag on Ford Motor profit; shares tumble

Lackluster US, China sales drag on Ford Motor profit; shares tumble

Ford Motor Co reported weaker-than-expected profit in the second quarter and declared that the US auto industry's long recovery was at an end, sending its stock and those of other auto companies into a tailspin. Ford shares slumped nearly 10 percent in mo
Published 29 Jul, 2016 12:00am
Argentine 2015-16 soya harvest at 86.7 percent of land planted

Argentine 2015-16 soya harvest at 86.7 percent of land planted

Argentine farmers have brought in 86.7 percent of land planted with soyabeans this season, the Buenos Aires Grains Exchange said on Thursday, adding 8 percentage points during the week but lagging last year's harvesting tempo by 9.9 percentage points due
Published 29 Jul, 2016 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose on Thursday after the Federal Reserve stopped short at this week's policy meeting of indicating that a further increase in US interest rates is on the cards for later this year. Uncertainty over the path of interest rates has held gold in check
Published 29 Jul, 2016 12:00am
Gold up in Asia

Gold up in Asia

Gold edged up on Thursday, clinging to gains from the previous session when it rose 1.5 percent to a two-week high, on a weaker dollar after the US Federal Reserve left interest rates unchanged. Spot gold inched up 0.2 percent to $1,341.60 an ounce at 071
Published 29 Jul, 2016 12:00am
Gold extends gains in New York

Gold extends gains in New York

Gold extended its climb above $1,330 an ounce on Wednesday after the US Federal Reserve left interest rates unchanged as expected and the dollar pared gains against a basket of major currencies. The US central bank said in a statement following its two-da
Published 29 Jul, 2016 12:00am
Raw sugar, London cocoa fall to five-week lows

Raw sugar, London cocoa fall to five-week lows

Raw sugar futures on ICE fell to a five-week low on Thursday, dropping for the third straight session on chart-based selling and as dealers focused on cane industry data expected next week. London cocoa also fell to a five-week trough as the charts weaken
Published 29 Jul, 2016 12:00am
Palm oil reverses gains to fall on forecasts of rising output

Palm oil reverses gains to fall on forecasts of rising output

Malaysian palm oil futures reversed gains made in the previous session, pushed lower by expectations of rising output that would contribute towards greater stockpiles at end-July. Benchmark palm oil futures for October delivery on the Bursa Malaysia Deriv
Published 29 Jul, 2016 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures rose for a second day on Thursday as investors stepped up buying on concerns over possible supply disruptions in Southeast Asia due to bad weather, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for Janua
Published 29 Jul, 2016 12:00am
Oil down two percent, hits three-month lows on reported Cushing build

Oil down two percent, hits three-month lows on reported Cushing build

Oil prices fell nearly 2 percent on Thursday, hitting three-month lows, after a fresh stock build at the delivery hub for US crude futures added to concerns that producers were pumping more than needed. Surplus barrels of gasoline have already made the gl
Published 29 Jul, 2016 12:00am
Lower dollar fuels copper's ascent

Lower dollar fuels copper's ascent

Copper climbed on Thursday, boosted by a lower dollar after the US central bank left rates unchanged and some expectations of steady demand in top consumer China. Benchmark copper on the London Metal Exchange ended up one percent at $4,896.5 a tonne. The
Published 29 Jul, 2016 12:00am
Shanghai copper trims losses
Currency

Shanghai copper trims losses

Shanghai Futures Exchange copper trimmed losses to 0.2 percent at 37,820 yuan ($5,681) a tonne on Thursday as the dollar fell after the US Federal Reserve stopped short of signalling a near-term interest rate rise, spurring investors to buy hard assets su
Published 29 Jul, 2016 12:00am
Cotton futures settle lower on weather
Cotton

Cotton futures settle lower on weather

ICE cotton futures fell to their lowest in a week on Wednesday, on expectations of small showers in West Texas, the top US producing region, and better weather in India, the world's largest cotton producer. "Everybody is watching western India and western
Published 29 Jul, 2016 12:00am
Prices fall on a volatile cotton market
Cotton

Prices fall on a volatile cotton market

Due to relatively low sowing of the new cotton crop (August 2016 / July 2017) in Pakistan following large losses suffered by the growers in the last season (2015/2016) due to low output and also decreased selling prices, production for the new crop is pre
Published 29 Jul, 2016 12:00am
Prices fall on a volatile cotton market
Cotton

Prices fall on a volatile cotton market

Due to relatively low sowing of the new cotton crop (August 2016 / July 2017) in Pakistan following large losses suffered by the growers in the last season (2015/2016) due to low output and also decreased selling prices, production for the new crop is pre
Published 29 Jul, 2016 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (July 28, 2016).

Published 29 Jul, 2016 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 29 Jul, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 29 Jul, 2016 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (July 28, 2016).

Published 29 Jul, 2016 12:00am
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