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Mar 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-03-26
Farooq rejects MQM founder's statement

Farooq rejects MQM founder's statement

Muttahida Qaumi Movement-Pakistan leader Farooq Sattar on Saturday has rejected the statement of MQM founder regarding Modi's help. While talking to media in Lahore, MQM-Pakistan leader Farooq Sattar said let it be known that the party means everything fo
Published 26 Mar, 2017 12:00am
Government allows Raheel to lead military alliance

Government allows Raheel to lead military alliance

Pakistan has consented the Kingdom of Saudi Arabia in writing that the country has no objection over General Raheel Sharif (Retd) as being head of the Saudi-led military alliance. Defence Minister Khawaja Asif in a statement said that General Raheel Shari
Published 26 Mar, 2017 12:00am
Government allows Raheel to lead military alliance

Government allows Raheel to lead military alliance

Pakistan has consented the Kingdom of Saudi Arabia in writing that the country has no objection over General Raheel Sharif (Retd) as being head of the Saudi-led military alliance. Defence Minister Khawaja Asif in a statement said that General Raheel Shari
Published 26 Mar, 2017 12:00am
From 2008 to 2011: Over 50,000 visas issued to Americans?

From 2008 to 2011: Over 50,000 visas issued to Americans?

The Embassy of Pakistan in Washington issued at least 52,094 visas of different categories from 2008 to 2011, out of which 13,159 visas were under the category of diplomats/officials. It is pertinent to note here that between 2009-2011, only 2,202 visas w
Published 26 Mar, 2017 12:00am
From 2008 to 2011: Over 50,000 visas issued to Americans?

From 2008 to 2011: Over 50,000 visas issued to Americans?

The Embassy of Pakistan in Washington issued at least 52,094 visas of different categories from 2008 to 2011, out of which 13,159 visas were under the category of diplomats/officials. It is pertinent to note here that between 2009-2011, only 2,202 visas w
Published 26 Mar, 2017 12:00am
Mozambique extends probe into government loans to April 28
Currency

Mozambique extends probe into government loans to April 28

Mozambique has extended until April 28 an investigation into government-owned firms that hid $2 billion in loans, state media said on Saturday. The Mozambican Attorney-General's Office PGR said it proposed the latest extension to allow collecting of data
Published 26 Mar, 2017 12:00am
Tunisia pushing 'economic emergency' bill to spur investment

Tunisia pushing 'economic emergency' bill to spur investment

Tunisia is drafting an "economic emergency" bill that will allow the government to bypass bureaucratic hurdles and speed up large-scale projects as it seeks to boost growth and create jobs, a senior official said. Administrative delays and bureaucracy are
Published 26 Mar, 2017 12:00am
Air strike kills 16 civilians near Damascus

Air strike kills 16 civilians near Damascus

At least 16 civilians were killed and dozens wounded on Saturday in an air strike on a rebel-held area outside Damascus, the Syrian Observatory for Human Rights monitor said. It said it was not immediately clear who was responsible for the strike on the t
Published 26 Mar, 2017 12:00am
Air strike kills 16 civilians near Damascus

Air strike kills 16 civilians near Damascus

At least 16 civilians were killed and dozens wounded on Saturday in an air strike on a rebel-held area outside Damascus, the Syrian Observatory for Human Rights monitor said. It said it was not immediately clear who was responsible for the strike on the t
Published 26 Mar, 2017 12:00am
Major nations responsible for keeping world peace - China vice premier

Major nations responsible for keeping world peace - China vice premier

The world's major nations are responsible for maintaining global peace, and all countries should remain committed to a road of stable and peaceful development, China's Vice Premier Zhang Gaoli said on Saturday. His comments followed media reports this wee
Published 26 Mar, 2017 12:00am
Major nations responsible for keeping world peace - China vice premier

Major nations responsible for keeping world peace - China vice premier

The world''s major nations are responsible for maintaining global peace, and all countries should remain committed to a road of stable and peaceful development, China''s Vice Premier Zhang Gaoli said on Saturday. His comments followed media reports this w
Published 26 Mar, 2017 12:00am
Mehsud commander killed in intra-TTP clash

Mehsud commander killed in intra-TTP clash

A key commander of banned Tehreek-e-Taliban Pakistan (TTP) was killed in a clash between two TTP groups in Paktika province of Afghanistan, Aaj News reported Saturday. A clash occurred between Shahryar Mehsud group and Khalid Sajna group of the TTP
Published 26 Mar, 2017 12:00am
Mehsud commander killed in intra-TTP clash

Mehsud commander killed in intra-TTP clash

A key commander of banned Tehreek-e-Taliban Pakistan (TTP) was killed in a clash between two TTP groups in Paktika province of Afghanistan, Aaj News reported Saturday. A clash occurred between Shahryar Mehsud group and Khalid Sajna group of the TTP
Published 26 Mar, 2017 12:00am
Cities and monuments switch off for Earth Hour

Cities and monuments switch off for Earth Hour

Sydney's Opera House and Harbour Bridge plunged into darkness Saturday to mark Earth Hour, as global landmarks began dimming their lights to draw attention to climate change. Millions of people from some 170 countries and territories are expected to take
Published 26 Mar, 2017 12:00am
Cities and monuments switch off for Earth Hour

Cities and monuments switch off for Earth Hour

Sydney''s Opera House and Harbour Bridge plunged into darkness Saturday to mark Earth Hour, as global landmarks began dimming their lights to draw attention to climate change. Millions of people from some 170 countries and territories are expected to take
Published 26 Mar, 2017 12:00am
Armed forces made country's defence impregnable: President

Armed forces made country's defence impregnable: President

President Mamnoon Hussain on Saturday said the Armed Forces of Pakistan with their professional capabilities and devotion are defending the country on all fronts and have made the country's defence formidable. The President was addressing at an award givi
Published 26 Mar, 2017 12:00am
Armed forces made country''s defence impregnable: President

Armed forces made country''s defence impregnable: President

President Mamnoon Hussain on Saturday said the Armed Forces of Pakistan with their professional capabilities and devotion are defending the country on all fronts and have made the country''s defence formidable. The President was addressing at an award giv
Published 26 Mar, 2017 12:00am
National security: Minister accuses PPP of hiding facts

National security: Minister accuses PPP of hiding facts

Defence Minister Khawaja Asif has said that Osama Bin Laden was brought to this region by the former Central Intelligence Agency (CIA) Director and Saudi official Turki bin Faisal."Osama used to be their hero and they declared him a terrorist afterwards,"
Published 26 Mar, 2017 12:00am
National security: Minister accuses PPP of hiding facts

National security: Minister accuses PPP of hiding facts

Defence Minister Khawaja Asif has said that Osama Bin Laden was brought to this region by the former Central Intelligence Agency (CIA) Director and Saudi official Turki bin Faisal."Osama used to be their hero and they declared him a terrorist afterwards,"
Published 26 Mar, 2017 12:00am
KP to form special force for CPEC

KP to form special force for CPEC

The Khyber Pakhtunkhwa government has decided to constitute a special force for security of China-Pakistan Economic Corridor (CPEC) in the province. According to official sources, two thousand and six hundred security personnel will be inducted for this p
Published 26 Mar, 2017 12:00am
KP to form special force for CPEC

KP to form special force for CPEC

The Khyber Pakhtunkhwa government has decided to constitute a special force for security of China-Pakistan Economic Corridor (CPEC) in the province. According to official sources, two thousand and six hundred security personnel will be inducted for this p
Published 26 Mar, 2017 12:00am
KP to form special force for CPEC

KP to form special force for CPEC

The Khyber Pakhtunkhwa government has decided to constitute a special force for security of China-Pakistan Economic Corridor (CPEC) in the province. According to official sources, two thousand and six hundred security personnel will be inducted for this p
Published 26 Mar, 2017 12:00am
China lifts ban on Brazilian meat imports: Brazil minister

China lifts ban on Brazilian meat imports: Brazil minister

Brazil, trying to recover from a rotten meat scandal that has pummelled its agribusiness industry, said Saturday that major trading partner China had lifted a ban on imports of its products. "China announced today it has fully reopened its market to Brazi
Published 26 Mar, 2017 12:00am
China lifts ban on Brazilian meat imports: Brazil minister

China lifts ban on Brazilian meat imports: Brazil minister

Brazil, trying to recover from a rotten meat scandal that has pummelled its agribusiness industry, said Saturday that major trading partner China had lifted a ban on imports of its products. "China announced today it has fully reopened its market to Brazi
Published 26 Mar, 2017 12:00am
China lifts ban on Brazilian meat imports: Brazil minister

China lifts ban on Brazilian meat imports: Brazil minister

Brazil, trying to recover from a rotten meat scandal that has pummelled its agribusiness industry, said Saturday that major trading partner China had lifted a ban on imports of its products. "China announced today it has fully reopened its market to Brazi
Published 26 Mar, 2017 12:00am
Experts evaluate country's economy

Experts evaluate country's economy

The Eighth Meeting of the Economic Advisory Council was held under the convenership of Dr Ishrat Husain, along side Finance Minister Senator Mohammad Ishaq Dar. The meeting was attended by the members of EAC including Abid Hasan, Sakib Sherani, Dr Abid Su
Published 26 Mar, 2017 12:00am
Experts evaluate country''s economy

Experts evaluate country''s economy

The Eighth Meeting of the Economic Advisory Council was held under the convenership of Dr Ishrat Husain, along side Finance Minister Senator Mohammad Ishaq Dar. The meeting was attended by the members of EAC including Abid Hasan, Sakib Sherani, Dr Abid Su
Published 26 Mar, 2017 12:00am
Experts evaluate country''''s economy

Experts evaluate country''''s economy

The Eighth Meeting of the Economic Advisory Council was held under the convenership of Dr Ishrat Husain, along side Finance Minister Senator Mohammad Ishaq Dar. The meeting was attended by the members of EAC including Abid Hasan, Sakib Sherani, Dr Abid Su
Published 26 Mar, 2017 12:00am
Singaporean teen dissident granted US asylum

Singaporean teen dissident granted US asylum

A Singaporean teenager who was jailed twice after insulting the island's late leader Lee Kuan Yew and religious groups has been granted political asylum in the United States, his US lawyer said Saturday. Amos Yee, 18, shocked Singaporeans in March 2015 af
Published 26 Mar, 2017 12:00am
Singaporean teen dissident granted US asylum

Singaporean teen dissident granted US asylum

A Singaporean teenager who was jailed twice after insulting the island''s late leader Lee Kuan Yew and religious groups has been granted political asylum in the United States, his US lawyer said Saturday. Amos Yee, 18, shocked Singaporeans in March 2015 a
Published 26 Mar, 2017 12:00am
Keystone approval spells headache for Trudeau

Keystone approval spells headache for Trudeau

Prime Minister Justin Trudeau was quick to welcome Washington's approval Friday of a major new pipeline from Canada into the United States, but observers say it creates political headaches for his administration. Trudeau has sought to strike a balance bet
Published 26 Mar, 2017 12:00am
Keystone approval spells headache for Trudeau

Keystone approval spells headache for Trudeau

Prime Minister Justin Trudeau was quick to welcome Washington''s approval Friday of a major new pipeline from Canada into the United States, but observers say it creates political headaches for his administration. Trudeau has sought to strike a balance be
Published 26 Mar, 2017 12:00am
Keystone approval spells headache for Trudeau

Keystone approval spells headache for Trudeau

Prime Minister Justin Trudeau was quick to welcome Washington''''s approval Friday of a major new pipeline from Canada into the United States, but observers say it creates political headaches for his administration. Trudeau has sought to strike a balance
Published 26 Mar, 2017 12:00am
Lingering lack of quorum

Lingering lack of quorum

The framers of our Constitution must have been quite passionate about our political elites' commitment to parliamentary democracy. So even when they substantially incorporated British parliamentary conventions and practices they differed on the size of qu
Published 26 Mar, 2017 12:00am
Stop this campus violence

Stop this campus violence

According to a recent survey, among the top 100 universities of Asia none is in Pakistan - even though some of them are the continent's oldest. But where they do appear, and quite prominently, is violence on their campuses. You name a political, religious
Published 26 Mar, 2017 12:00am
Important initiatives

Important initiatives

Islamabad has undertaken an important initiative to stop the circulation of blasphemous material on the social media. Interior Minister Chaudhry Nisar Ali Khan held a meeting the other day with ambassadors of Muslim countries to discuss ways and means of
Published 26 Mar, 2017 12:00am
More provinces in Pakistan
Currency

More provinces in Pakistan

During the last days of the Zardari-led PPP government, a strong voice from Hazara emerged demanding a separate Hazara province. It was the voice of the white bearded Haider Zaman Khan who has been struggling for a separate province for many years. The in
Published 26 Mar, 2017 12:00am
For Trump, it was the lost art of the deal

For Trump, it was the lost art of the deal

In the end, the Closer couldn't close the deal. For President Donald Trump, the collapse on Friday of his first legislative priority, a healthcare reform bill, was an embarrassing loss of face after he and his administration insisted up until the time of
Published 26 Mar, 2017 12:00am
More Algerian women work, but husbands control wages

More Algerian women work, but husbands control wages

More and more Algerian women are challenging traditional norms by getting jobs, but many see their salaries confiscated by their husbands despite a law against the practice. "It's financial harassment," lawyer Fatma-Zohra Benbraham said. "It's a dangerous
Published 26 Mar, 2017 12:00am
Tribute to a widow's bravery

Tribute to a widow's bravery

Parents play an important role in everyone's life. We can't imagine a day without them. Where the fathers struggle to finance our needs, our mothers sacrifice their whole life to make us successful and stand out in this world. However, in many cases a wom
Published 26 Mar, 2017 12:00am
VAWC to help protect women's rights: Shahbaz

VAWC to help protect women's rights: Shahbaz

Chief Minister Punjab, Muhammad Shehbaz Sharif, has said that 2017 is the year for putting an end to 'Darkness' by generating more electricity than required under the leadership of Prime Minister Muhammad Nawaz Sharif. He said that after the completion of
Published 26 Mar, 2017 12:00am
Bone marrow transplantation centre opens at CHL

Bone marrow transplantation centre opens at CHL

First public sector bone marrow transplantation center has been established here at the Children Hospital Lahore at a cost of Rs 260 million. Installation of medical equipment is under way and the center would start functioning within two months while doc
Published 26 Mar, 2017 12:00am
'One Belt-One Road project successfully starts in Pakistan'
Cotton

'One Belt-One Road project successfully starts in Pakistan'

"One Belt-One Road is a gigantic infrastructure of China to linkup Asia with Europe and Africa and this project has already been successfully initiated from Pakistan," said Wang Zihai, President Pakistan China Joint Chamber of Commerce and Industry (PCJCC
Published 26 Mar, 2017 12:00am
Dar-ul-Hujjaj given on 30-year lease: ETPB

Dar-ul-Hujjaj given on 30-year lease: ETPB

Contradicting to the rumours that the Evacuee Trust Property Board (ETPB) Lahore sold the prime land of Dar-ul-Hujjaj on 'throw away prices', ETPB Chairman Siddique-ul-Farooq made it clear that the land has been given on a 30-year lease. The training camp
Published 26 Mar, 2017 12:00am
First woman held under cyber-crime law

First woman held under cyber-crime law

The Federal Investigation Agency (FIA) on Saturday arrested a Pakistani woman for blackmailing activities on social media, which makes her the first female to be taken into custody under the recently-passed cyber-crime law. The woman - Sadia Mirza - has b
Published 26 Mar, 2017 12:00am
Joint working group for train safety solutions approved

Joint working group for train safety solutions approved

The Federal Railways Minister Khawaja Saad Rafique on Saturday approved constitution of a joint working group, including representatives of Pakistan Railways and Motorola Company to submit a report on train safety solutions within few days. The Minister w
Published 26 Mar, 2017 12:00am
Seminar on business immigration programme on March 27

Seminar on business immigration programme on March 27

Oliver Consultants Private Limited will be holding seminar on Business Immigration Programme for UK, Ireland, Cyprus, Portugal and Caribbean from 27 to 28th March, 2017 from 9 am to 5 pm at Serena Hotel, Faisalabad. Best immigration lawyers from UK, Marea
Published 26 Mar, 2017 12:00am
Seminar on business immigration programme on March 27

Seminar on business immigration programme on March 27

Oliver Consultants Private Limited will be holding seminar on Business Immigration Programme for UK, Ireland, Cyprus, Portugal and Caribbean from 27 to 28th March, 2017 from 9 am to 5 pm at Serena Hotel, Faisalabad. Best immigration lawyers from UK, Marea
Published 26 Mar, 2017 12:00am
Centre, Punjab not responsible for Sindh water crisis: LCCI

Centre, Punjab not responsible for Sindh water crisis: LCCI

The Lahore Chamber of commerce and Industry has expressed grave concern over holding Punjab and federal government responsible for water crisis in Sindh by some political elements. The LCCI President Abdul Basit said in a statement on Saturday that those
Published 26 Mar, 2017 12:00am
SBP's decision to resume banking channel with Iran lauded

SBP's decision to resume banking channel with Iran lauded

The business community of Southern Punjab has hailed the decision of the Central Bank of Pakistan to allow banks to resume ties with Iranian counterparts after the government's recent lifting of sanctions on the neighbouring Persian Gulf country. They sai
Published 26 Mar, 2017 12:00am
Rabbani urges students to follow teachings of Quaid-e-Azam

Rabbani urges students to follow teachings of Quaid-e-Azam

Chairman Senate Mian Raza Rabbani has urged students to follow teachings and ideology of the father of the nation Quaid-e-Azam Muhammad Ali Jinnah in letter and spirit for a better future. Addressing a function at a private university in Karachi on Saturd
Published 26 Mar, 2017 12:00am
India, Afghanistan gateway of fake currency
Currency

India, Afghanistan gateway of fake currency

The Federal Investigation Agency (FIA) has apprehended 2 suspects, Wasim and Nasir, for running a fake currency racket in Pakistan and millions of rupees in the form of counterfeit notes were recovered from their possession. During investigation, the susp
Published 26 Mar, 2017 12:00am
War against 'Fasaadis' to be taken to logical end: Nisar

War against 'Fasaadis' to be taken to logical end: Nisar

Interior Minister Chaudhry Nisar Ali Khan has said that Pakistan is secure today due to the sacrifices of officers and 'Jawans' of the armed forces, civil armed forces including Frontier Corps. He was addressing the passing out parade of FC 'Jawans' here
Published 26 Mar, 2017 12:00am
SCPA's rules of business notified: minister

SCPA's rules of business notified: minister

Sindh Minister for Social Welfare, Shamim Mumtaz has said that the rules of business of Sindh Child Protection Authority (SCPA) has been notified and by mid April 2017, offices at divisional level will start functioning, while its network to district leve
Published 26 Mar, 2017 12:00am
LEAs detain 15 suspects in search operations

LEAs detain 15 suspects in search operations

Crackdown against criminal elements continues in Karachi as Rangers and police arrested at least 15 accused during operations in different parts of the city in the wee hours of Saturday. Rangers' personnel started the door-to-door search operation in diff
Published 26 Mar, 2017 12:00am
EFU Life becomes MEFIN member

EFU Life becomes MEFIN member

EFU Life Assurance Ltd, the leading private sector life insurance company in Pakistan, has been enrolled as a member of the Mutual Exchange Forum on Inclusive Insurance, or MEFIN Network, which is a collegial body of insurance policy makers and regulators
Published 26 Mar, 2017 12:00am
Seasons Canola official attends marketing course

Seasons Canola official attends marketing course

The launch of Seasons Corn Oil and Seasons Rice Bran Oil, had already been accredited to the list of noticeable achievements for Syed Muhammad Raza, Brand Manager, Seasons Canola. He now has achieved another milestone by successfully attending a marketing
Published 26 Mar, 2017 12:00am
Textile producers feel uneasy as exports drop sharply

Textile producers feel uneasy as exports drop sharply

A fall in exports has left textile producers uneasy with fears of the country's plunging global share, saying that government discarded the largest sector from its priority index. A minister-less textile sector faces huge financial problems in the wake of
Published 26 Mar, 2017 12:00am
Government urged to establish discount stores

Government urged to establish discount stores

President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has said the government should consider establishing discount stores across the country to provide necessary food and non-food items to masses of reasonable prices. Federal a
Published 26 Mar, 2017 12:00am
SU vice chancellor denies reports of expelling minority students

SU vice chancellor denies reports of expelling minority students

Sindh University vice chancellor Professor Dr Fateh Muhammad Burfat has said that no any minority student from the varsity has been expelled upon playing with the colours on the eve of Holi which was celebrated on March 8 at Sindh University Jamshoro. He
Published 26 Mar, 2017 12:00am
SIUT marks World TB Day

SIUT marks World TB Day

Tuberculosis (TB) is one of the major health problems of the developing countries which affect a significant number of population. TB is amongst the 10 most common causes of death worldwide. World TB Day was observed throughout the world including Sindh I
Published 26 Mar, 2017 12:00am
Vesnina crashes out, Kerber advances

Vesnina crashes out, Kerber advances

Russia's Elena Vesnina, last week's winner at Indian Wells, crashed out of the WTA Miami Open in the second round on Friday at the hands of Croatian qualifier Ajla Tomljanovic. But top seed Angelique Kerber of Germany advanced with a 7-6 (7/3), 6-2 win ov
Published 26 Mar, 2017 12:00am
Goldman sees US bonds least expensive against major peers

Goldman sees US bonds least expensive against major peers

A top Goldman Sachs strategist said on Tuesday that US Treasuries are the least pricy compared with their major counterparts, whose yields have been held down by bond purchases from their respective central banks. "Since last November, US bonds have been
Published 26 Mar, 2017 12:00am
TSX clings to modest gain

TSX clings to modest gain

Canada's main stock edged higher on Friday, led by consumer-related stocks, while US approval of the Keystone XL pipeline gave TransCanada Corp a boost before some gains were pared. The Toronto Stock Exchange's S&P/TSX composite index closed up 9.06 point
Published 26 Mar, 2017 12:00am
BlackRock bond fund ups French debt stock ahead of election

BlackRock bond fund ups French debt stock ahead of election

The head of European bonds at the world's biggest asset manager told Reuters on Wednesday he is optimistic about the outlook for France and is holding a large stake in its government debt ahead of presidential elections in April and May. Michael Krautzber
Published 26 Mar, 2017 12:00am
BlackRock bond fund ups French debt stock ahead of election

BlackRock bond fund ups French debt stock ahead of election

The head of European bonds at the world's biggest asset manager told Reuters on Wednesday he is optimistic about the outlook for France and is holding a large stake in its government debt ahead of presidential elections in April and May. Michael Krautzber
Published 26 Mar, 2017 12:00am
Wall Street dips in dramatic session as health bill pulled

Wall Street dips in dramatic session as health bill pulled

A dramatic session on Wall Street ended with stocks slightly lower on Friday as they pared losses in late-afternoon trading after Republicans pulled their bill to overhaul the US healthcare system. The benchmark S&P 500 shot up briefly into positive terri
Published 26 Mar, 2017 12:00am
Barclays aims for bigger share of euro clearing business in Middle East

Barclays aims for bigger share of euro clearing business in Middle East

Barclays aims to increase its share of the euro clearing business in the Middle East and North Africa region (MENA) from low double-digits to 25 percent in the next three years, a senior Barclays executive said, capitalising on growing demand from compani
Published 26 Mar, 2017 12:00am
Poland says to stick with zloty
Currency

Poland says to stick with zloty

Poland will keep its zloty currency, the country's prime minister said Tuesday ahead of a key EU summit which is to mull a "multi-speed EU" based on membership of the eurozone. "For Poland it is more beneficial to keep its own currency, the zloty," Beata
Published 26 Mar, 2017 12:00am
Canadian dollar dips
Currency

Canadian dollar dips

The Canadian dollar weakened on Friday against its US counterpart as tame domestic inflation dampened pressure on the Bank of Canada to turn more hawkish, while CFTC data showed a sharp swing by speculators to bearish bets against the loonie. Canada's ann
Published 26 Mar, 2017 12:00am
Is the dollar overvalued? That depends how you view it
Currency

Is the dollar overvalued? That depends how you view it

As doubts grow over whether the dollar will resume the rally that took it to 14-year highs against other major currencies early this year, at least one measure seems to show the greenback may have indeed peaked. The Federal Reserve Economic Data (FRED) in
Published 26 Mar, 2017 12:00am
Dollar steadies after US healthcare bill pulled
Currency

Dollar steadies after US healthcare bill pulled

The dollar pulled back from near a four-month low against the Japanese yen on Friday, and was on pace to snap an eight-day losing streak against the safe-haven currency, after Republicans killed their bill to overhaul the US healthcare system.
Published 26 Mar, 2017 12:00am
Speculators boost US dollar bets for third week
Currency

Speculators boost US dollar bets for third week

Speculators increased bullish bets on the US dollar for the third straight week, pushing net longs to their highest since January 31, data from the Commodity Futures Trading Commission released on Friday and calculations by Reuters showed. The value of th
Published 26 Mar, 2017 12:00am
New York grants license to trade more virtual currencies
Currency

New York grants license to trade more virtual currencies

New York authorities on Wednesday granted a license to Coinbase to trade in two additional virtual currencies, expanding the company's services which already included Bitcoin starting in January. The California company - the fifth licensed to trade in dig
Published 26 Mar, 2017 12:00am
Asia FX sentiment improves on back of Fed's cautious stance
Currency

Asia FX sentiment improves on back of Fed's cautious stance

Sentiment towards most emerging Asian currencies improved in the past two weeks, as the dollar retreated after the US Federal Reserve's latest interest rate guidance was less "hawkish" than some expected. Bullish bets on the Indian rupee rose to the highe
Published 26 Mar, 2017 12:00am
Egypt hands journalists one-year suspended jail sentence

Egypt hands journalists one-year suspended jail sentence

An Egypt appeals court on Saturday handed the former head of the journalists' union and two members a suspended one-year jail sentence for "harbouring fugitives", a judicial source said. Yahiya Kallash, Gamal Abd el-Rahim and Khaled Elbalshy were sentence
Published 26 Mar, 2017 12:00am
Tillerson to meet allies as Nato races to save talks

Tillerson to meet allies as Nato races to save talks

US Secretary of State Rex Tillerson will meet with Nato members next week in Brussels, officials said Friday, as alliance diplomats worked to nail down the date. "We are currently planning to hold the meeting of Nato foreign ministers on 31 March. Consult
Published 26 Mar, 2017 12:00am
Macron ahead in polls, Fillon faces angry protesters

Macron ahead in polls, Fillon faces angry protesters

Francois Fillon's aides used an umbrella to shield him from eggs thrown by protesters in south-west France on Saturday as the beleaguered conservative fell further behind centrist Emmanuel Macron and far-rightist Marine Le Pen in opinion polls. The contra
Published 26 Mar, 2017 12:00am
South Korea's Sewol ferry lifted onto salvage ship

South Korea's Sewol ferry lifted onto salvage ship

South Korea's sunken Sewol ferry has been successfully hauled onto a giant heavy lifting ship, officials said Saturday, a step towards returning the vessel to port. Nearly three years after it went down killing more than 300 people, the wreck was safely p
Published 26 Mar, 2017 12:00am
Thousands of protesters call for Guinea Bissau leader to quit

Thousands of protesters call for Guinea Bissau leader to quit

Thousands of protesters in Guinea Bissau's capital on Saturday demanded President Jose Mario Vaz step down to resolve a political crisis that has paralysed the coup-prone West African country. Protesters marched through Bissau's streets lined with hedges
Published 26 Mar, 2017 12:00am
Two charged over supplying gun to French airport attacker

Two charged over supplying gun to French airport attacker

French anti-terrorism judges have charged two men suspected of involvement in supplying a weapon to the gunman killed at Paris's Orly airport after attacking soldiers, a judicial source said Saturday. The suspects, aged 30 and 43, were charged Friday for
Published 26 Mar, 2017 12:00am
Maduro asks for UN help on Venezuela medicine shortage

Maduro asks for UN help on Venezuela medicine shortage

President Nicolas Maduro said Friday he had asked the United Nations to help address severe shortages of medicine in Venezuela, a rare acknowledgement of the crisis-hit country's desperate situation. "I have asked the United Nations to regularize the whol
Published 26 Mar, 2017 12:00am
Activists march ahead of vote for Hong Kong leader

Activists march ahead of vote for Hong Kong leader

Pro-democracy activists and hundreds of supporters marched in Hong Kong Saturday ahead of a vote for the city's next leader which they reject as a sham. Hong Kong's next chief executive will be chosen by a pro-China committee on Sunday morning with former
Published 26 Mar, 2017 12:00am
Russia, China seek chemical weapons probe in Iraq

Russia, China seek chemical weapons probe in Iraq

Russia and China on Friday proposed that a United Nations panel investigating chemical weapons use in Syria be extended to Iraq, a proposal Britain immediately rejected. The two countries raised the prospect of broadening the scope of the Joint Investigat
Published 26 Mar, 2017 12:00am
Mosul exodus as air strikes kill 'dozens'

Mosul exodus as air strikes kill 'dozens'

Air strikes have killed dozens of civilians in west Mosul in recent days, officials said Saturday, as the number of people fleeing fighting against jihadists in the area topped 200,000. Hundreds of thousands more are still in danger inside the city, where
Published 26 Mar, 2017 12:00am
Wiggins vows to 'shock a few people' over doping claims

Wiggins vows to 'shock a few people' over doping claims

British cycling great Bradley Wiggins has promised he will have a "lot to say" and "shock a few people" when he finally comments on allegations he may have broken anti-doping rules. The five-times Olympic champion, who retired from cycling last year, said
Published 26 Mar, 2017 12:00am
Nadal sweeps past Sela

Nadal sweeps past Sela

Rafael Nadal cruised past Israeli Dudi Sela in the second round of the Miami Open on Friday while Kei Nishikori and Milos Raonic also enjoyed comfortable victories as the top seeds got underway. But there was an upset for ninth-seeded Bulgarian Grigor Dim
Published 26 Mar, 2017 12:00am
Siraj asks people to revolt against unfair system

Siraj asks people to revolt against unfair system

Jamaat-e-Islami (JI) Chief Siraj-ul-Haq has asked people to revolt against the exploitative system instead of bearing cruelties, adding that after coming into power they will provide employment opportunities for youth and old age allowance for senior citi
Published 26 Mar, 2017 12:00am
Naval Dockyard's warehouse blaze doused

Naval Dockyard's warehouse blaze doused

A third category blaze was extinguished that broke out at a warehouse in Karachi Naval Dockyard on Saturday. According to details, the fire was doused by 15 fire tenders of Navy, Karachi Port Trust (KPT) and Karachi Metropolitan Corporation (KMC) after th
Published 26 Mar, 2017 12:00am
Two more families identify suspect in infant abduction case

Two more families identify suspect in infant abduction case

Police officers on Saturday have revealed that two more families have identified suspect Musarrat who kidnapped newborn from Qatar hospital in Karachi. According to details, the families approached security officials after watching news of infants' abduct
Published 26 Mar, 2017 12:00am
CPEC to attract international investment in Pakistan: Shaukat Aziz

CPEC to attract international investment in Pakistan: Shaukat Aziz

Former prime minister of Pakistan Shaukat Aziz has said that China-Pakistan Economic Corridor (CPEC) will play the role of magnate to attract international investment in Pakistan. Talking to media on the sidelines of the inaugural session of Boao Forum fo
Published 26 Mar, 2017 12:00am
Security measures in Landi Kotal cantonment reviewed

Security measures in Landi Kotal cantonment reviewed

Major General Hasan Azhar Hayat, General Officer Command seven division visited to forces cantonment, Landi Kotal and toured through various sections of it. Flanked by Brigadier Rahat, Colonel Akhter Zaidi, Colonel Faiz, General Hasan inspected the cant a
Published 26 Mar, 2017 12:00am
Anti-dumping duty investigations by NTC: LHC fixes April 5 for hearing

Anti-dumping duty investigations by NTC: LHC fixes April 5 for hearing

The Lahore High Court (LHC) has fixed April 5, 2017 as next date for hearing of cases filed by commercial importers of tiles, steel, paper, chemical and yarn in the four new petitions against the anti-dumping duty investigations by the National Tariff Com
Published 26 Mar, 2017 12:00am
Political administration blamed for aiding land grabbers

Political administration blamed for aiding land grabbers

Elders of Masori tribe of Kurram Agency (KA) have blamed political administration for supporting land grabbers in the area and demanded of Khyber Pakhtunkhwa governor to stop construction of sports stadium and other buildings on their land. Speaking at a
Published 26 Mar, 2017 12:00am
PTI, PSP gear up efforts for a role in caretaker setup

PTI, PSP gear up efforts for a role in caretaker setup

Pakistan Tehreek-e-Insaf (PTI) and Pak Sarzameen Party (PSP) have geared up efforts to pave the way for an effective role in the upcoming caretaker setup at Center and Sindh, respectively, to ensure free and fair general elections. PTI's Sindh chapter pre
Published 26 Mar, 2017 12:00am
IPHRC team of OIC to visit Pakistan, AJK from tomorrow

IPHRC team of OIC to visit Pakistan, AJK from tomorrow

A high-ranking delegation of the Independent Permanent Human Rights Commission (IPHRC) of OIC will visit Pakistan and Azad Jammu and Kashmir (AJK) from March 27 to 29, 2017, Foreign Office said. According to Foreign Office Spokesperson Nafees Zakaria, an
Published 26 Mar, 2017 12:00am
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