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Print - 2016-08-17
'Niday-e-Ummat Conference' to be held on August 18

'Niday-e-Ummat Conference' to be held on August 18

To express solidarity and to pay homage to the martyrs of Quetta blast and for annihilation of terrorism, extremism and sectarian violence, "Niday-e-Ummat Conference" is being held on Thursday, August 18 in Islamabad under the aegis of Pakistan Ulema Coun
Published 17 Aug, 2016 12:00am
Egypt eyes tough reforms in last-ditch bid to save economy
Currency

Egypt eyes tough reforms in last-ditch bid to save economy

Egypt hopes a $12-billion financing deal with the IMF will usher in an economic turnaround but real progress hinges on a tough reform package avoided for decades to stave off unrest. The financing over three years - deemed an endorsement to attract more f
Published 17 Aug, 2016 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 17 Aug, 2016 12:00am
'India's PM loses his marbles'

'India's PM loses his marbles'

This is apropos a Business Recorder news item "India's PM loses his marbles" carried by the newspaper yesterday. The Indian PM in his Independence Day speech made mention of the so-called plight of the people of Balochistan, Gilgit-Baltistan and Az
Published 17 Aug, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 16, 2016).

Published 17 Aug, 2016 12:00am
Cotton futures slip to over five-week low
Cotton

Cotton futures slip to over five-week low

Cotton futures fell for the third straight session to the lowest in more than five weeks on Tuesday as speculators continued to liquidate their positions even as wetter weather conditions prevailed in US producing regions. "(The weather) has gone from hot
Published 17 Aug, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 16, 2016).

Published 17 Aug, 2016 12:00am
US MIDDAY: gold retreats

US MIDDAY: gold retreats

Gold cut its gains on Tuesday after mixed US economic data failed to give clarity on the prospects for a US interest rate rise this year and the US dollar pared losses from a seven-week low. US consumer prices were unchanged in July as the cost of gasolin
Published 17 Aug, 2016 12:00am
The Weather

The Weather

The weather report on Tuesday (August 16, 2016) and the forecast for Wednesday (August 17, 2016).

Published 17 Aug, 2016 12:00am
Soyabeans and corn firm

Soyabeans and corn firm

US corn and soyabean futures firmed slightly on Tuesday, with a weakening dollar providing mild support to commodities markets, traders said. But the gains were limited by good US weather, including some rain in dry areas of the eastern Corn Belt, that bo
Published 17 Aug, 2016 12:00am
Gold cuts gains in European trade

Gold cuts gains in European trade

Gold cut its gains on Tuesday after mixed US economic data failed to give clarity on the prospects for a US interest rate rise this year. US consumer prices were unchanged in July as the cost of gasoline fell for the first time in five months and underlyi
Published 17 Aug, 2016 12:00am
Gold rises in Asia

Gold rises in Asia

Gold rose for a second day on Tuesday as the dollar weakened on lower expectations of a US Federal Reserve interest rate hike this year. Spot gold was up about 0.7 percent at $1,348.86 an ounce at 0639 GMT. The metal rose 0.2 percent on Monday. US gold ro
Published 17 Aug, 2016 12:00am
Gold surges in New York

Gold surges in New York

Gold rose on Monday as the dollar edged lower as expectations dwindled that the US Federal Reserve will raise interest rate this year. Data on Friday showed US retail sales were unexpectedly flat in July, signalling a moderation in consumer spending. Spot
Published 17 Aug, 2016 12:00am
Cocoa at one-month high, sugar rises

Cocoa at one-month high, sugar rises

Cocoa futures rallied to one-month highs on Tuesday, while the New York September/December spread weakened to a contract low as supply concerns attracted buying of the upcoming crop. Raw sugar prices rose for the third straight session, boosted by a weake
Published 17 Aug, 2016 12:00am
Palm oil falls from 10-week top on profit-taking
Currency

Palm oil falls from 10-week top on profit-taking

Malaysian palm oil futures fell from a 10-week high on Tuesday as investors cashed in on the recent strength in prices and the ringgit rose, limiting demand for futures. A stronger ringgit usually makes palm oil more expensive for foreign currency holders
Published 17 Aug, 2016 12:00am
Rubber slides

Rubber slides

Benchmark Tokyo rubber futures ended lower on Tuesday, sliding from a fresh three-week high, hit earlier in the session, as a surge in yen against the US dollar dampened sentiment and prompted profit-taking, dealers said. The Tokyo Commodity Exchange (TOC
Published 17 Aug, 2016 12:00am
Oil at five-week high as Opec sources, Russia, talk of cooperation

Oil at five-week high as Opec sources, Russia, talk of cooperation

Crude futures hit five-week highs for a second straight day on Tuesday as sources at Opec spoke of Saudi Arabia's apparent desire for higher oil prices while Russia met the producer group to discuss the market. Focus on production losses in Nigeria, where
Published 17 Aug, 2016 12:00am
Aluminium hits one-month peak, copper up
Currency

Aluminium hits one-month peak, copper up

Aluminium hit a month high and copper also gained on Tuesday as speculators bought up metals after signals that US interest rates might remain on hold put the dollar under pressure. Nickel, however, resisted the stronger trend as investors had second thou
Published 17 Aug, 2016 12:00am
Shanghai copper flat

Shanghai copper flat

Shanghai Futures Exchange copper was little changed at 37,220 yuan ($5,612) a tonne on Tuesday on a seasonal lull in appetite and shaky prospects for China demand-growth, with traders also looking ahead to a slew of US economic reports. "While the recent
Published 17 Aug, 2016 12:00am
CTD foils terror bid in Peshawar

CTD foils terror bid in Peshawar

The Peshawar Counter Terrorism Department (CTD) here on Tuesday foiled a terror bid in Peshawar and arrested an alleged suicide bomber from Bacha Khan Road of the city. According to CTD sources, law enforcement personnel nabbed an alleged suicide bomber n
Published 17 Aug, 2016 12:00am
KDA to issue notices to allottees

KDA to issue notices to allottees

The Director General (DG) of Karachi Development Authority (KDA), Syed Nasir Abbas has directed to prepare complete list of residential and commercial plots and check the files on daily basis so as to issue notices to the those allotees, who have not paid
Published 17 Aug, 2016 12:00am
Shaikh Rashid too files reference against PM

Shaikh Rashid too files reference against PM

Awami Muslim League (AML) chief Shaikh Rashid Ahmed on Tuesday filed a reference with Speaker National Assembly Sardar Ayaz Sadiq seeking disqualification of Prime Minister Nawaz Sharif under Article 63(2) of the Constitution. Both the articles lay down t
Published 17 Aug, 2016 12:00am
Jamaat-ur-Ahrar denies links to IS after hospital bombing

Jamaat-ur-Ahrar denies links to IS after hospital bombing

A Pakistani Taliban breakaway faction that claimed responsibility for the bombing of a hospital last week said on Tuesday it had no links with Islamic State, whose leadership also said it was behind the attack. Jamaat-ur-Ahrar, which briefly declared alle
Published 17 Aug, 2016 12:00am
Two killed in clash in Jamshoro

Two killed in clash in Jamshoro

Two persons were killed and as many others were injured in a clash between two rival groups in Jamshoro district on Tuesday. According to the police, the incident which also involved exchange of fire between persons of Korejo and Gopang communities happen
Published 17 Aug, 2016 12:00am
Girl, parents drown in latest selfie deaths

Girl, parents drown in latest selfie deaths

An 11-year-old girl drowned on Tuesday after falling into a river in northern areas while attempting to take a selfie and her parents also died trying to save her, officials said. The drownings occurred in the Kunhar river that flows through Khyber Pakhtu
Published 17 Aug, 2016 12:00am
PTI to file reference against PM in SC: Imran
Currency

PTI to file reference against PM in SC: Imran

A day after filing a reference against Prime Minister Nawaz Sharif with Speaker National Assembly, Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Tuesday said that his party will soon file a reference in Supreme Court to determine the fate of the p
Published 17 Aug, 2016 12:00am
Modi has himself admitted India's involvement in subversive acts: Fazl

Modi has himself admitted India's involvement in subversive acts: Fazl

Chief of Jamiat Ulema-e-Islam (JUI), Maulana Fazal-Ur-Rehman here Tuesday said Indian Prime Minister Narendra Modi in his recent statements had admitted Indian involvement in subversive activities in Pakistan. India in an abortive attempt to divert the wo
Published 17 Aug, 2016 12:00am
CM Punjab meets governor

CM Punjab meets governor

Punjab Chief Minister Muhammad Shahbaz Sharif met Governor Punjab Muhammad Rafique Rajwana at Governor House, here Tuesday. Matters regarding pace of development projects and public welfare programmes were discussed in the meeting. Talking on the occasion
Published 17 Aug, 2016 12:00am
Anti-polio drive continues in various Afghan refugee camps

Anti-polio drive continues in various Afghan refugee camps

Anti-polio campaign is underway in various Afghan refugee camps in Balochistan on second day (Tuesday). According to authorities of Emergency Operation Centre for polio, the drive is in progress in the refugee camps located in Jangal, Posti, Chagai and Le
Published 17 Aug, 2016 12:00am
Rich tributes paid to Maulvi Abdul Haq

Rich tributes paid to Maulvi Abdul Haq

Rich tributes were paid to scholar and linguist, Baba-e-Urdu Maulvi Abdul Haq, on the occasion of his 55th death anniversary on Tuesday. A ceremony in this connection was held at the Federal Urdu University here on Tuesday. Speaking on the occasion, Advis
Published 17 Aug, 2016 12:00am
Technological advancement key to success: LCCI chief

Technological advancement key to success: LCCI chief

The Lahore Chamber of Commerce and Industry has termed the application of technological advancement as a key for success of business; because it is not only opens new avenues for progress and prosperity but also provides a chance to the business community
Published 17 Aug, 2016 12:00am
Musadik rejects reports about government's 'offer' to CoAS

Musadik rejects reports about government's 'offer' to CoAS

Spokesman to the Prime Minister Dr Musadik Malik on Tuesday rejected the claims of political leaders about offering of Field Marshal's post to General Raheel Sharif by the government and termed such assertions as baseless. "Such assertions are ridiculous.
Published 17 Aug, 2016 12:00am
Polish minister invited to IDEAS 2016

Polish minister invited to IDEAS 2016

A polish delegation led by Deputy Minister of National Defence Bartosz Kownaeki Tuesday called on Federal Minister for Defence Production Rana Tanveer Hussain in Rawalpindi. During the meeting, matters pertaining to bilateral interests and promotion of co
Published 17 Aug, 2016 12:00am
Zoo visitors: Official directed to provide free wi-fi facility

Zoo visitors: Official directed to provide free wi-fi facility

The Punjab Wildlife & Parks Department (PWPD) Director General Khalid Ayyaz Khan has directed the Deputy Director Safari Zoo Lahore to make arrangements for providing free wi-fi facility to the visitors. He asked the officials to negotiate with different
Published 17 Aug, 2016 12:00am
Punjab Assembly Speaker meets team of Pak-Australia friendship

Punjab Assembly Speaker meets team of Pak-Australia friendship

Punjab Assembly Speaker Rana Iqbal here on Tuesday met a four-member delegation of Pak-Australia friendship, led by its president Arshad Nasim Butt. The Speaker on the occasion averred that Pakistan and Australia should benefit from each other's experienc
Published 17 Aug, 2016 12:00am
Experts for strengthening of PCIW, rehabilitation of Wapda

Experts for strengthening of PCIW, rehabilitation of Wapda

A report prepared by the water sector experts has urged the government to strengthen the Pakistan Commission on Indus Waters (PCIW) and rehabilitation of WAPDA as economic engine of the country. The report has further pointed out that Pakistan must not al
Published 17 Aug, 2016 12:00am
NA Speaker inaugurates 1st Saarc Young Parliamentarians' Conference

NA Speaker inaugurates 1st Saarc Young Parliamentarians' Conference

Speaker National Assembly Sardar Ayaz Sadiq has said that SAARC future leaders could settle the outstanding issues through dialogue and engagement to move towards peace and prosperity in the region. He was addressing the inaugural ceremony of the 1stSAARC
Published 17 Aug, 2016 12:00am
KP government to distribute 10 million olive plants to growers

KP government to distribute 10 million olive plants to growers

Khyber Pakhtunkhwa Minister for Public Health Engineering (PHE), Shah Farman has said that six union councils of the Koh Daman, district Peshawar are suitable for the cultivation of olive plants, saying for this purpose, the provincial government will dis
Published 17 Aug, 2016 12:00am
UAF AC approves new degree programmes

UAF AC approves new degree programmes

The University of Agriculture Faisalabad's (UAF) Academic Council has approved new degree programmes including four programmes for Burewala sub-campus to face the challenges of modern era and to provide quality education to dwellers at their doorstep. The
Published 17 Aug, 2016 12:00am
Imran Farooq murder: judicial remand of three accused extended

Imran Farooq murder: judicial remand of three accused extended

Syed Kausar Abbass Zaidi, the Judge of Special Anti-Terrorism Court (ATC), on Tuesday extended judicial remands of Mohsin Ali, Moazzam Ali and Khalid Shamim until August 30 in Dr Imran Farooq murder case. Zeehsan Cheema Advocate, the lawyer of Khalid Sham
Published 17 Aug, 2016 12:00am
Income Support Levy: LHC grants stay order

Income Support Levy: LHC grants stay order

A division bench of Lahore High Court headed by its Chief Justice has given a stay order against the judgement passed by its single bench to rule that Income Support Levy is a valid piece of legislation and could be collected for the poor and needy.
Published 17 Aug, 2016 12:00am
Warid launches new prepaid offer

Warid launches new prepaid offer

Warid has always provided offers to cater to communication needs of its valued customers in the best way possible, refining and improving their experience every day. Continuing with this tradition, customers can now get a new Warid SIM or port their numbe
Published 17 Aug, 2016 12:00am
Sugar procurement: USC facing cartelisation, says chairman

Sugar procurement: USC facing cartelisation, says chairman

Chairman, Utility Stores Corporation (USC) Board of Director, Jamal Mustafa Siddiqui on Tuesday revealed that the corporation is facing cartelisation in sugar procurement as the millers quote similar prices or they opt to remain away from participation. G
Published 17 Aug, 2016 12:00am
SC suspends notification of Panhwar as Member MDA

SC suspends notification of Panhwar as Member MDA

Suspending the notification of Atta Muhammad Panhwar posting as member of Malir Development Authority, the Supreme Court Tuesday sought explanation from the Federal Secretary Establishment, Chief Secretary and Secretary Service Sindh over filling the slot
Published 17 Aug, 2016 12:00am
PPP's Lanjar summoned: NAB arrests 8 Irri department officials

PPP's Lanjar summoned: NAB arrests 8 Irri department officials

The National Accountability Bureau (NAB) Sindh on Tuesday summoned Pakistan Peoples Party (PPP) member Sindh Assembly Zia-ul-Hassan Lanjar and apprehended eight officials of Irrigation department. Accelerating its crackdown against corruption, the Sindh N
Published 17 Aug, 2016 12:00am
Renewable-energy: APBF for Chinese expertise to reduce crisis

Renewable-energy: APBF for Chinese expertise to reduce crisis

The 'All Pakistan Business Forum' has urged the government to harness the vast potential of renewable energy sources, to overcome the energy crisis in Pakistan. A robust new opportunity has been created for off-grid applications of renewable power technol
Published 17 Aug, 2016 12:00am
Ziauddin University signs MoU with 'I am Karachi'

Ziauddin University signs MoU with 'I am Karachi'

Ziauddin University (ZU) and 'I am Karachi' (IAK) signed a memorandum of understanding (MOU) to work for creating a better Karachi through discourse, enlightenment and educating the people. Subul Naqvi, Executive Director, I am Karachi and Raza Abbas, Dir
Published 17 Aug, 2016 12:00am
Voluntary liquidation: SBP cancels license of forex firm

Voluntary liquidation: SBP cancels license of forex firm

The State Bank of Pakistan (SBP) has cancelled the license of M/s East West Exchange Company-B (Pvt) Limited with immediate effect as it requested for voluntary liquidation. Now, East West Exchange Company-B, its head office and branches have been debarre
Published 17 Aug, 2016 12:00am
Rice exports: Pakistan loses market to India

Rice exports: Pakistan loses market to India

Pakistan has lost Iranian rice market to India due to lack of proper transaction channels and relatively high prices, which have negatively affected exports, rice exporters told Business Recorder. Earlier, Iran was importing about 0.6 million tonne
Published 17 Aug, 2016 12:00am
KP decides to establish IDC collection checkposts

KP decides to establish IDC collection checkposts

The government of Khyber Pakhtunkhwa has decided to establish check posts on both G.T. Road and Motorway to collect Infrastructure Development Cess (IDC) from all such units which in a bid to save cess had cleared their goods from Karachi port. The provin
Published 17 Aug, 2016 12:00am
Haseeb Khan quits UBG

Haseeb Khan quits UBG

Terming the United Business Group as illegitimate body since it is a non-registered body with no bank account or any office, Abdul Haseeb Khan has resigned from the UBG. He said that he had made continuous efforts to get it registered and to work like a "
Published 17 Aug, 2016 12:00am
PSO correction

PSO correction

This is apropos a press release "PSO posts Rs 10.3 billion profit after tax in FY16" issued by Pakistan State Oil and published by the media Monday. By mistake, the wrong figure of market share of black oil products was shared in the email body. The corre
Published 17 Aug, 2016 12:00am
Cattle market exposed to Congo virus threat

Cattle market exposed to Congo virus threat

An imminent threat of Congo virus looms large due to unchecked arrival of sacrificial animals in the city ahead of Eid-ul-Azha. The government has not yet placed its veterinary officials to check the environment at the cattle market of the city and examin
Published 17 Aug, 2016 12:00am
Government should provide incentives to rice growers: PBIF chief

Government should provide incentives to rice growers: PBIF chief

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the government must come forward to save rice sector and provide incentives to growers. While expressing concern over falling rice exports, he said rice farmer
Published 17 Aug, 2016 12:00am
Meezan Bank partners with HomeSend

Meezan Bank partners with HomeSend

Meezan Bank has partnered with HomeSend, a joint venture between Mastercard, eServGlobal and BICS to leverage on HomeSend's extensive network. As a leading global money transfer hub that enables cross-border and cross-network value transfers through a sin
Published 17 Aug, 2016 12:00am
Modi must not interfere in Balochistan: Zehri

Modi must not interfere in Balochistan: Zehri

Chief Minister Balochistan, Nawab Sanaullah Khan Zehri has urged Indian Prime Minister, Narendra Modi must avoid interfering in the affairs of Balochistan province of Pakistan, saying he should pay attention towards internal issues and problems of his own
Published 17 Aug, 2016 12:00am
Independence Day: sales hit Rs 10 billion record

Independence Day: sales hit Rs 10 billion record

Sales of national flags and badges during the Independence Day have hit record high of Rs 10 billion, up by 15 times, traders have said. Traders said that the record sales of flags within few days by public showed a rise of patriotism in the metropolis th
Published 17 Aug, 2016 12:00am
Soneri Bank earns Rs 1.175 billion profit after tax

Soneri Bank earns Rs 1.175 billion profit after tax

Soneri Bank Limited posted profit before tax of Rs 2,048.66 million and profit after tax of Rs 1,175.51 million for the half year ended 30 June 2016. These amounts are higher than the corresponding period last year by 7.07 percent and 6.13 percent respect
Published 17 Aug, 2016 12:00am
Soneri Bank earns Rs 1.175 billion profit after tax

Soneri Bank earns Rs 1.175 billion profit after tax

Soneri Bank Limited posted profit before tax of Rs 2,048.66 million and profit after tax of Rs 1,175.51 million for the half year ended 30 June 2016. These amounts are higher than the corresponding period last year by 7.07 percent and 6.13 percent respect
Published 17 Aug, 2016 12:00am
Archroma Pakistan wins 'Employer of The Year' Award

Archroma Pakistan wins 'Employer of The Year' Award

Archroma, a leader in colour and specialty chemicals, announced that its Pakistan affiliate has been named 'Employer of the Year' in the multinationals segment in a nation-wide contest organised by the Employers Federation of Pakistan (EFP).
Published 17 Aug, 2016 12:00am
No privatization of livestock department under consideration: Malkani

No privatization of livestock department under consideration: Malkani

Sindh Minister for livestock and fisheries, Muhammad Ali Malkani has said that the privatization of livestock department or its any component was not under consideration and the provincial government is focusing on improving the performance of the departm
Published 17 Aug, 2016 12:00am
FPCCI opposes shifting of TDAP head office to Islamabad

FPCCI opposes shifting of TDAP head office to Islamabad

Acting President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Sheikh Khalid Tawab has expressed his great concern over the news of shifting of Trade Development Authority of Pakistan (TDAP) Head Office from Karachi to Islamabad. He
Published 17 Aug, 2016 12:00am
Shabbir Tiles inks MoU with ABAD

Shabbir Tiles inks MoU with ABAD

Shabbir Tiles & Ceramics Limited (STCL) and the Association ofBuilders and Developers of Pakistan (ABAD) have signed a Memorandum of Understanding (MoU) for contributing together towards the growth and development of Pakistan. Murtaza Lalan, Business Unit
Published 17 Aug, 2016 12:00am
Killing of Soomro's nephew: FIR registered against five accused

Killing of Soomro's nephew: FIR registered against five accused

Islamabad police have registered a murder case against five accused for the killing of nephew of former Senate chairman Mohammad Mian Soomro. A police official said that Shalimar police have registered a First Information Report (FIR) against Raja Arshad,
Published 17 Aug, 2016 12:00am
Customs foils currency smuggling attempts
Currency

Customs foils currency smuggling attempts

Pakistan Customs foiled the smuggling of millions of US dollars, Saudi Riyals and Pakistani currency to Afghanistan in three separate operations conducted at Torkham Pak-Afghan border. The customs authorities have also arrested three accused. In the first
Published 17 Aug, 2016 12:00am
Quetta blast: CJ PHC offers fateha for victims

Quetta blast: CJ PHC offers fateha for victims

Chief Justice Peshawar High Court (PHC), Justice Mazhar Alam Mian Khel, visited Quetta Bar and offered Fateha for the departed souls of the lawyers and other victims who were martyred in the recent terrorist activity in Quetta. He also visited the residen
Published 17 Aug, 2016 12:00am
CPEC: first batch of projects to be completed by fiscal year 2018: Ahsan

CPEC: first batch of projects to be completed by fiscal year 2018: Ahsan

Federal Minister for Planning, Development and Reform Ahsan Iqbal said that projects under China Pakistan Economic Corridor (CPEC) were moving forward swiftly and first batch including energy and infrastructure projects would be completed by fiscal year 2
Published 17 Aug, 2016 12:00am
Taxpayer's appeal: CIR (Appeals) urged to treat DG I&I-IR as respondent

Taxpayer's appeal: CIR (Appeals) urged to treat DG I&I-IR as respondent

The Directorate General, Intelligence & Investigation Inland Revenue (IR) has asked the Commissioner Appeals to take measures for avoiding circumstances where taxpayer gets undue benefit in appeal process owing to non-representation by the I&I-IR at the l
Published 17 Aug, 2016 12:00am
Foreign investors: KP offers 'unmatched' incentives: Khattak

Foreign investors: KP offers 'unmatched' incentives: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak said that the Government of Khyber Pakhtunkhwa offered unmatched incentives to attract foreign investment in different sectors including projects to be set up under CPEC, hydro power generation, tourism, ho
Published 17 Aug, 2016 12:00am
Afghan refugees' repatriation process accelerates

Afghan refugees' repatriation process accelerates

The process of Afghan refugees' repatriation from Pakistan has accelerated as more than 20,000 Afghan refugees returned to Afghanistan in the month of July. The number of repatriating of Afghan refugees voluntarily returning Afghanistan from Pakistan has
Published 17 Aug, 2016 12:00am
Southeast Asian markets sluggish
Currency

Southeast Asian markets sluggish

Southeast Asian stock markets were sluggish on Tuesday, with Thailand shedding nearly 1 percent to a one-week low, amid expectations of an extended phase of monetary easing after downbeat economic data from major economies. Most countries are easing their
Published 17 Aug, 2016 12:00am
Weertman makes it double Dutch gold with open water win

Weertman makes it double Dutch gold with open water win

Ferry Weertman won a ferocious battle for the men's 10km open water swimming gold at the Rio Olympics on Tuesday, edging Spiros Gianniotis in a frantic photo finish to cap a Dutch open water double. Weertman's triumph by the narrowest of margins - both he
Published 17 Aug, 2016 12:00am
Title holder Taylor soars to triple jump gold

Title holder Taylor soars to triple jump gold

Reigning champion Christian Taylor retained his Olympic triple jump title on Tuesday, the American comfortably seeing off his rivals in the Rio sunshine. The 26-year-old world champion set a season's best 17.86 metres with his first leap, good enough for
Published 17 Aug, 2016 12:00am
Laiba Ijaz retains Independence Day Squash title

Laiba Ijaz retains Independence Day Squash title

Laiba Ijaz retained the trophy after defeating Kalsoom in the final of the Independence Day Squash played here at Qamar Zaman Squash Complex under the aegis of Directorate of Sports Khyber Pakhtunkhwa. Director General Sports Rashida Ghaznavi was the chie
Published 17 Aug, 2016 12:00am
Silva ton dims Aussie hopes of win

Silva ton dims Aussie hopes of win

A gritty century from Kaushal Silva gave Sri Lanka a commanding 288-run second innings lead Tuesday, dimming Australia's hopes of a consolation win in the third and final Test in Colombo. Sri Lanka, who are pushing for a rare series whitewash after winnin
Published 17 Aug, 2016 12:00am
Rio boxing embroiled in fresh judging controversy

Rio boxing embroiled in fresh judging controversy

An Irish amateur world champion accused Olympic boxing of corruption on Tuesday as the sport was embroiled in fresh controversy barely 12 hours after a Russian was booed to the podium. The International Boxing Association (AIBA) vehemently rejected the ac
Published 17 Aug, 2016 12:00am
Pak Army win POF Basketball Tournament

Pak Army win POF Basketball Tournament

Army lifts the champions' cup by beating PAF in all Pakistan Chairman POF Board Indoor Basketball Tournament played between Pakistan Army and Pakistan Air Force at POF Sports Complex Wah Cantt on Tuesday. Pakistan Army defeated the Pakistan Air Force (71-
Published 17 Aug, 2016 12:00am
England drop Vince for Pakistan ODIs

England drop Vince for Pakistan ODIs

England dropped struggling batsman James Vince for their one-day international series against Pakistan, it was announced Tuesday. But they have recalled fit-again Durham duo Ben Stokes and Mark Wood into a 15-man squad which also features a call-up for Vi
Published 17 Aug, 2016 12:00am
Havelange, FIFA king who abdicated in corruption scandal, dies

Havelange, FIFA king who abdicated in corruption scandal, dies

Joao Havelange, who died Tuesday at 100, turned FIFA into a global business behemoth and helped bring the Olympics to Rio, only to resign in disgrace after a corruption scandal. The Samaritano Hospital in Rio de Janeiro confirmed that Havelange, who had b
Published 17 Aug, 2016 12:00am
Lahore Qalandars, Jazz to promote grass roots cricket

Lahore Qalandars, Jazz to promote grass roots cricket

Lahore Qalandars, Pakistan Premier League's most avidly followed cricket club and Jazz, the Nation's beloved telecom brand, have announced 'The Jazz Rising Stars' initiative across Punjab. This move has been made to further the development of grass roots
Published 17 Aug, 2016 12:00am
Aussie, kiwi slip against yen
Currency

Aussie, kiwi slip against yen

The Australian dollar took a sudden turn lower against the yen on Tuesday as speculators pushed the Japanese currency higher against the US dollar and euro, though the Aussie held steady elsewhere. The Australian dollar fell 0.8 percent to 77.12 yen in af
Published 17 Aug, 2016 12:00am
Sterling boosted by above-forecast UK inflation data
Currency

Sterling boosted by above-forecast UK inflation data

Sterling enjoyed some respite on Tuesday, rising from three-year lows against the euro and pulling further away from a five-week trough against the dollar, after slightly higher than expected inflation data. Consumer price rises gathered speed, up 0.6 per
Published 17 Aug, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 78.40-78.40 (previous 78.40-78.40).
Published 17 Aug, 2016 12:00am
Global easy money hopes lift Asia FX
Currency

Global easy money hopes lift Asia FX

Most emerging Asian currencies extended gains on Tuesday as investors continued to seek out higher yields in the region amid expectations of further monetary policy easing around the globe. South Korea's won hovered near a 15-month high on capital inflows
Published 17 Aug, 2016 12:00am
Sri Lankan rupee steady
Currency

Sri Lankan rupee steady

The Sri Lankan rupee ended steady on Tuesday as dollar sales by exporters were offset by importer demand for the US currency, dealers said. The spot rupee ended at 145.50/55 per dollar, unchanged from Monday. "Exporter (dollar) sales were there. But the r
Published 17 Aug, 2016 12:00am
Dollar slips against basket of currencies in NewYork
Currency

Dollar slips against basket of currencies in NewYork

The dollar fell against a basket of currencies on Monday, undermined by recent soft US economic data that tempered expectations of a Federal Reserve interest rate hike this year. The dollar, which has fallen in four of the last five trading sessions, also
Published 17 Aug, 2016 12:00am
Early trade in New York: Dollar edges off lows

Early trade in New York: Dollar edges off lows

The US dollar hit its lowest levels in more than seven weeks against the euro, yen and Swiss franc on Tuesday a day after dovish comments from a top Federal Reserve official, but pared losses after remarks from the head of the New York Fed raised expectat
Published 17 Aug, 2016 12:00am
Dollar sinks against yen in Europe on Williams comments
Currency

Dollar sinks against yen in Europe on Williams comments

The dollar hit its lowest in seven weeks on Tuesday, dipping below 100 yen for the first time since June as traders reined in US interest rate hike bets following dovish comments from a Federal Reserve policymaker. The greenback also fell another 1 percen
Published 17 Aug, 2016 12:00am
Dollar down against yen in Asia

Dollar down against yen in Asia

The dollar hit a one-month low against the yen on Tuesday, staying on the defensive after recent US economic data were seen likely to limit the prospects of a near-term Fed interest rate hike. The dollar slid 0.8 percent to 100.43 yen and touched a low of
Published 17 Aug, 2016 12:00am
FTSE slips from 14-month highs as UK inflation bites

FTSE slips from 14-month highs as UK inflation bites

Britain's top shares index slipped from a 14-month high on Tuesday as higher-than-expected UK inflation data weighed on the market. The bluechip FTSE 100 index, which reached a 14-month high in the previous session, fell 0.7 percent to 6,893.92 points. Th
Published 17 Aug, 2016 12:00am
Tokyo shares slump
Currency

Tokyo shares slump

Tokyo shares slumped for a second session in thin trading on Tuesday after a sharp rally in the yen and disappointing Japanese second-quarter GDP figures hit investor sentiment. The yen's rise - a negative for exporters' overseas profitability - came on t
Published 17 Aug, 2016 12:00am
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