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Print - 2017-05-25
Mugabe daughter appointed to Zimbabwe censor board

Mugabe daughter appointed to Zimbabwe censor board

President Robert Mugabe's daughter Bona Chikore has been appointed to the Zimbabwe board of censors, state media reported Wednesday, the latest family member to take up an official role. The board "faces the colossal task of regulating public entertainmen
Published 25 May, 2017 12:00am
APTMA demands investment-oriented budget
Cotton

APTMA demands investment-oriented budget

Zahid Mazhar, senior vice chairman of All Pakistan Textile Mills Association (APTMA) urged the federal government on Wednesday for investment oriented and export & industry friendly budget, which should prove to support the export oriented industries incl
Published 25 May, 2017 12:00am
UBL inaugurates 'Branch of the Future' in Karachi

UBL inaugurates 'Branch of the Future' in Karachi

UBL, Pakistan's Best Bank 2016, inaugurated its first 'Branch of the Future' in Karachi on 21 May 2017. Consistent with the Bank's progressive and innovative brand attributes, this spacious facility is uniquely futuristic in its offering, providing custom
Published 25 May, 2017 12:00am
BOP sign MoU with The Bank of Kazan

BOP sign MoU with The Bank of Kazan

The Bank of Punjab (BOP), one of the fast growing bank of Pakistan, achieved another milestone by venturing a Memorandum of Understanding by Taqwa Islamic Banking-BOP with The Bank of Kazan-Tatarstan during its participation in the 9th International Econo
Published 25 May, 2017 12:00am
Teaching Assistants: written, screen test tomorrow

Teaching Assistants: written, screen test tomorrow

The Director, Institute of Biotechnology & Genetic Engineering, University of Sindh has announced schedule for the posts of Teaching Assistant. As per given schedule, the written test to be held on Friday (May 26) at 10 am would be followed by interviews
Published 25 May, 2017 12:00am
Pakistan, US need close cooperation to fight terrorism: Aizaz
Exchange

Pakistan, US need close cooperation to fight terrorism: Aizaz

Pakistan and the United States need close co-operation to fight terrorism and attain long-lasting peace in Afghanistan, Pakistan Ambassador Aizaz Chaudhry said here while emphasising the long and sustained history of engagement between the two countries.
Published 25 May, 2017 12:00am
PIMA terms justification for cut in tobacco taxes 'ridiculous'

PIMA terms justification for cut in tobacco taxes 'ridiculous'

President, Pakistan Islamic Medical Association (PIMA) Dr Abdul Malik has said that justifications given by Special Assistant to Prime Minister on Revenue, Haroon Akhtar Khan on reduction in tobacco taxes as ridiculous. In a statement he pleaded that high
Published 25 May, 2017 12:00am
PM's adviser lambastes PTI

PM's adviser lambastes PTI

Advisor to the Prime Minister Amir Muqam on Wednesday said Bahrain, Kalam, Chakdara and Fatehpur roads would usher a new era of prosperity in the Malakand division, besides promoting tourism. Inaugurating a 23km road, with 23 overhead bridges, he said Rs
Published 25 May, 2017 12:00am
Journalists visit General Electric's turbine-making facility

Journalists visit General Electric's turbine-making facility

General Electric (GE) equipment generates one-third electricity of the world whereas Pakistan is one of leading countries in the region which had entered into deal with the company for digitalisation of its generation plant for productivity and outcomes t
Published 25 May, 2017 12:00am
Civil service must be politically impartial

Civil service must be politically impartial

Governor Khyber Pakhtunkhwa Engr Iqbal Zafar Jhagra has said that the civil service represents the core foundation of the state and provides stability and continuity for governance and government operations. "The civil service must be politically impartia
Published 25 May, 2017 12:00am
'PM never sought immunity despite having option'

'PM never sought immunity despite having option'

The ruling Pakistan Muslim League-Nawaz (PML-N) Wednesday said that Prime Minister Nawaz Sharif never sought immunity from any court despite having this option. This was stated by Minister of State for Capital Administration and Development Division, Dr T
Published 25 May, 2017 12:00am
PTI to hold intra-party elections on June 11

PTI to hold intra-party elections on June 11

Pakistan Tehreek-e-Insaf (PTI) is all set to hold intra-party elections on June 11 and more than 2.3 million registered party members would directly use their right to vote through their cell phones in the first phase. A PTI spokesman said in the first ph
Published 25 May, 2017 12:00am
PPIB implementing 11000 megawatts power projects under CPEC

PPIB implementing 11000 megawatts power projects under CPEC

Private Power and Infrastructure Board (PPIB) is one of the leading institutions of the Government of Pakistan in implementation of flagship China Pakistan Economic Corridor (CPEC) energy sector plan. PPIB is processing 12 power projects of about 11,000MW
Published 25 May, 2017 12:00am
CM attributes decline in standard of education to different systems

CM attributes decline in standard of education to different systems

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has attributed the gradual national decline in education to three different layers of education in the country. At the moment we have public sector schooling, private sector, English medium schooling and Ma
Published 25 May, 2017 12:00am
Budget fiscal year 2018: some taxation suggestions
Exchange

Budget fiscal year 2018: some taxation suggestions

Why has the mistrust between the tax collectors and the taxpayers so widely developed that the masses are reluctant to enlist themselves by filing annual tax returns. The causes of mistrust and irritants may be summarized viz: Every person who earns less
Published 25 May, 2017 12:00am
Budget fiscal year 2018: some taxation suggestions
Exchange

Budget fiscal year 2018: some taxation suggestions

Why has the mistrust between the tax collectors and the taxpayers so widely developed that the masses are reluctant to enlist themselves by filing annual tax returns. The causes of mistrust and irritants may be summarized viz: Every person who earns less
Published 25 May, 2017 12:00am
Budget fiscal year 2018: some taxation suggestions
Exchange

Budget fiscal year 2018: some taxation suggestions

Why has the mistrust between the tax collectors and the taxpayers so widely developed that the masses are reluctant to enlist themselves by filing annual tax returns. The causes of mistrust and irritants may be summarized viz: Every person who earns less
Published 25 May, 2017 12:00am
Police accused of protecting land grabbers

Police accused of protecting land grabbers

Islamabad police are protecting land mafia who grabbed land of the National Assembly Employees Cooperative Housing Society (NAECHS), said Deputy Chairman National Assembly Murtaza Javed Abbasi. Abbasi while presiding over the meeting of House and Library
Published 25 May, 2017 12:00am
NDF chief calls for electoral reforms

NDF chief calls for electoral reforms

An international dialogue on electoral reforms for sustainable peace and governance was held in Islamabad, says a press release issued here on Wednesday. At the occasion, Kanwar Muhammad Dilshad, Chairman, National Democratic Foundation (NDF) said that th
Published 25 May, 2017 12:00am
WFP launches first cash-based assistance for girl students

WFP launches first cash-based assistance for girl students

The World Food Programme (WFP) has launched its first cash-based assistance for secondary school girls in Pakistan and is using biometric attendance data for the first time as part of its support to the FATA Secretariat education programme. In a statement
Published 25 May, 2017 12:00am
Loralai Cantt: Senate body for reviewing decision of expelling civilians

Loralai Cantt: Senate body for reviewing decision of expelling civilians

The Senate Standing Committee on Defence has recommended to the Station Commander Loralai Cantonment to revisit a decision where 32 civilians were expelled from the Cantonment area on the charges of being involved in criminal activities. The meeting was c
Published 25 May, 2017 12:00am
Elocution contest held at APS Landi Kotal

Elocution contest held at APS Landi Kotal

The annual elocution competitions of Army Public School & College, Landi kotal Khyber Agency, was held in the tehsil's Jirga Hall on Wednesday. The Station Commander Lieutenant Colonel, Akhtar Ali Zaidi as chief guest beside Assistant Political Agent, Lan
Published 25 May, 2017 12:00am
Nisar directs PTA, Nadra to evolve SOP for social media

Nisar directs PTA, Nadra to evolve SOP for social media

Interior Minister Chaudhry Nisar Ali Khan on Wednesday directed Pakistan Telecommunication Authority (PTA) and National Database and Registration Authority (NADRA) to devise an effective mechanism to regulate social media in the country. The Interior Mini
Published 25 May, 2017 12:00am
Bitcoins' trade being probed to check tax evasion

Bitcoins' trade being probed to check tax evasion

The Anti-Money Laundering Cell of the Directorate General Intelligence & Investigation - Inland Revenue (IR) Islamabad has started investigating the financial affairs of persons making huge investments in crypto-currencies including Bitcoins, a new techni
Published 25 May, 2017 12:00am
318 Ramazan Bazaars to be functional from today

318 Ramazan Bazaars to be functional from today

As many as 318 Ramzan Bazaars will be fully operational from May 25th (Today) morning for the consumers. Punjab Government has established these Bazaars and Agriculture Fair Price Shops throughout the province of Punjab to facilitate the people at large d
Published 25 May, 2017 12:00am
Power sector solutions generally Punjab-driven: experts

Power sector solutions generally Punjab-driven: experts

The power sector solutions are generally Punjab-driven, said experts. They further raised eyebrows over the control of independent companies while keeping the Ministry of Water and Power as well as Pakistan Electric Power Company at an arm's length.
Published 25 May, 2017 12:00am
EOBI pensioners demand increase in pension

EOBI pensioners demand increase in pension

The Employees Old-age Benefit Institution (EOBI) pensioners have demanded increase in pension from Rs 5250 per month to Rs 15000 per month in the upcoming budget. It may be noted that the government was not only paying heed to the cries of EOBI pensioners
Updated 25 May, 2017 09:46am
'No compromise on provision of quality medicines'

'No compromise on provision of quality medicines'

Punjab Minister for Primary & Secondary Health Khawaja Imran Nazir Wednesday said that provision of medicines of international quality to the people is the mission of health department and no compromise would be accepted in this regard. "The government wa
Published 25 May, 2017 12:00am
GCW varsity: First female e-Rozgaar Centre to be open tomorrow

GCW varsity: First female e-Rozgaar Centre to be open tomorrow

The opening of first female e-Rozgaar Center at Government College Women University, Faisalabad is scheduled on Friday (tomorrow). The founding Vice Chancellor of Information Technology University (ITU), Advisor to the Chief Minister Punjab and Chairman P
Published 25 May, 2017 12:00am
SalamAir introduces direct flights between Pakistan-Oman

SalamAir introduces direct flights between Pakistan-Oman

SalamAir has launched a direct service between Pakistan and Oman, announcing thrice weekly direct service between Muscat and Sialkot began on 16th May while flights to Multan started on 23rd May. The Chief Executive Officer of the airline François Bouteil
Published 25 May, 2017 12:00am
Multi sectoral nutrition centre set up at P&D department

Multi sectoral nutrition centre set up at P&D department

The Punjab government has set up a Multi Sectoral Nutrition Centre at the Planning and Development Department, which is a major achievement of the Multi-Sectoral Nutrition Strategy. This was stated by the provincial Head of United Nations Children's Emerg
Published 25 May, 2017 12:00am
Turkish experts visit Jinnah Hospital

Turkish experts visit Jinnah Hospital

A delegation of Turkish experts visited Jinnah Hospital to review the services rendered by the hospital. The experts had detailed meeting with Infrastructure Development Authority Punjab (IDAF) consultants working on hospital structure. They had detailed
Published 25 May, 2017 12:00am
PM's Saudi visit draws flak from opposition
Exchange

PM's Saudi visit draws flak from opposition

Prime Minister Nawaz Sharif's recent visit to Saudi Arabia drew flak from main opposition parties after he failed to highlight the sacrifices rendered by Pakistan in the ongoing war against terrorism, at the first Arab-Islamic-American Summit held in Riya
Published 25 May, 2017 12:00am
Electoral Reforms: Parliamentary body meeting adjourned till next week

Electoral Reforms: Parliamentary body meeting adjourned till next week

Parliamentary Sub-committee on Electoral Reforms could not reach any conclusion on proposed amendments in nomination forms and, therefore, adjourned its meeting till next week. Convener Committee Zahid Hamid told media persons that the schedule of the mee
Published 25 May, 2017 12:00am
Punjab CM reviews agriculture sector's priorities in budget

Punjab CM reviews agriculture sector's priorities in budget

Punjab Chief Minister Shahbaz Sharif presided over a high level meeting here on Wednesday which reviewed in detail next financial year's budget especially priorities of the agriculture sector. Provincial ministers Ayesha Ghaus Pasha, Naeem Akhtar Bhabha,
Published 25 May, 2017 12:00am
Punjab CM reviews agriculture sector's priorities in budget

Punjab CM reviews agriculture sector's priorities in budget

Punjab Chief Minister Shahbaz Sharif presided over a high level meeting here on Wednesday which reviewed in detail next financial year's budget especially priorities of the agriculture sector. Provincial ministers Ayesha Ghaus Pasha, Naeem Akhtar Bhabha,
Published 25 May, 2017 12:00am
Leather products: MCC chief for simplifying rebate cheques' procedure

Leather products: MCC chief for simplifying rebate cheques' procedure

President of Multan Chamber of Commerce and Industry (MCCI), Khawaja Jalaluddin Roomi urged the Collector of Customs (MCC) Multan, Saud Imran Ahmed to simplify the issuance of rebate cheques of leather products within ten days like Karachi and double whar
Published 25 May, 2017 12:00am
Leather products: MCC chief for simplifying rebate cheques' procedure

Leather products: MCC chief for simplifying rebate cheques' procedure

President of Multan Chamber of Commerce and Industry (MCCI), Khawaja Jalaluddin Roomi urged the Collector of Customs (MCC) Multan, Saud Imran Ahmed to simplify the issuance of rebate cheques of leather products within ten days like Karachi and double whar
Published 25 May, 2017 12:00am
CAA delays outsourcing of three airports

CAA delays outsourcing of three airports

The Civil Aviation Authority (CAA) has deferred the outsourcing of country's three airports till June 3. This was told to Lahore High Court by CAA Deputy Director Legal, Farooq Afzal during hearing of petitions challenging outsourcing of management contro
Published 25 May, 2017 12:00am
Punjab Assembly passes three bills

Punjab Assembly passes three bills

Punjab Assembly in its session here on Wednesday passed three bills 'The Punjab Shehr-e-Khamoshan Authority Bill -2017,'The Punjab Women Protection Authority Bill-2017' and 'The Punjab Boilers and Pressure Vessels (Amendment) Bill-2017. Speaker Rana Muham
Published 25 May, 2017 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

Gold prices rose early on Wednesday as the dollar slipped and minutes of the Federal Reserve's last policy meeting suggested the US central bank was cautious about raising interest rates. The metal is highly sensitive to higher rates, which increase the o
Published 25 May, 2017 12:00am
US MIDDAY: wheat rises; corn, soya little changed

US MIDDAY: wheat rises; corn, soya little changed

Chicago wheat futures inched higher Wednesday on light short-covering, one day after the spot contract fell about 1 percent on better-than-expected US wheat condition ratings, traders said. Corn and soyabean futures were modestly firm in choppy trade as t
Published 25 May, 2017 12:00am
Oil pulls back slightly on low US gasoline stock draw

Oil pulls back slightly on low US gasoline stock draw

Oil prices retreated slightly Wednesday as investors reacted to a smaller-than-expected US gasoline stocks draw as they awaited the outcome of discussions in Vienna between OPEC and other oil-exporting countries on whether to extend output cuts. US crude
Published 25 May, 2017 12:00am
Cotton futures move higher
Cotton

Cotton futures move higher

ICE cotton futures rose on Wednesday on a weaker dollar and short covering ahead of the US Department of Agriculture's weekly export sales report on Thursday. "People are starting to look at the US export sales again. ... There is a pretty large unfixed s
Published 25 May, 2017 12:00am
Brazil pre-salt oil auction cleared

Brazil pre-salt oil auction cleared

The Brazilian government has approved terms for another auction of exploration rights to high potential oil prospects, in the so called pre-salt layer, but oil firms are not totally happy with the rules. Brazil's Energy Ministry said on Thursday in the of
Published 25 May, 2017 12:00am
Gold steadies in European trade

Gold steadies in European trade

Gold steadied just above $1,250 an ounce on Wednesday, taking a breather after the previous day's fall as investors awaited minutes of the Federal Reserve's latest meeting for clues on the outlook for US interest rates. The metal is highly sensitive to ri
Published 25 May, 2017 12:00am
Gold little changed in Asia

Gold little changed in Asia

Gold held steady in Asia on Wednesday, after slipping in the previous session, as investors awaited cues on the US Federal Reserve's rate hike stance from the minutes of its last meeting due later in the day. Federal funds futures suggested traders saw ab
Published 25 May, 2017 12:00am
Gold falls in NY

Gold falls in NY

Gold prices fell on Tuesday, as the US dollar rebounded from 6-1/2-month lows and investors shrugged off heightened political risk following a deadly suicide attack in Britain. The blast at a concert hall in Manchester, which killed at least 22 people, pr
Published 25 May, 2017 12:00am
Cocoa posts biggest one-day rout since 2011 in heavy volume

Cocoa posts biggest one-day rout since 2011 in heavy volume

Cocoa on ICE Futures plunged on Wednesday in the biggest one-day rout since 2011 as a short-covering rally faltered, stop-loss orders exaggerated the day's selling and expectations of excess supplies weighed. Cocoa futures tumbled in heavy volume amid fun
Published 25 May, 2017 12:00am
Palm oil hits near three-week low
Vegetable Oil

Palm oil hits near three-week low

Malaysian palm oil futures fell more than 1 percent on Wednesday evening, dipping to their lowest in nearly three weeks, as they tracked weaker-performing soyaoil on the Chicago Board of Trade and China's Dalian Commodity Exchange. The benchmark palm oil
Published 25 May, 2017 12:00am
Rotterdam vegetable oil prices
Vegetable Oil

Rotterdam vegetable oil prices

The following were Wednesday's Rotterdam vegetable oil prices at 1600 GMT: (Markets will be closed on Thursday May 25 for Ascension Day holiday).
Published 25 May, 2017 12:00am
Rotterdam vegetable oil prices
Vegetable Oil

Rotterdam vegetable oil prices

The following were Wednesday's Rotterdam vegetable oil prices at 1600 GMT: (Markets will be closed on Thursday May 25 for Ascension Day holiday).
Published 25 May, 2017 12:00am
Rubber down
Exchange

Rubber down

Benchmark Tokyo rubber futures erased early gains to close lower on Wednesday, tracking sharp falls in Shanghai futures after Moody's Investors Service downgraded China's credit ratings. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyr
Published 25 May, 2017 12:00am
Copper prices fall after Moody's downgrades China
Exchange

Copper prices fall after Moody's downgrades China

The copper price fell on Wednesday after Moody's downgraded China's credit ratings for the first time in 30 years, raising concerns about demand in the world's largest consumer of industrial metals, but a drop in copper stockpiles limited losses. Nickel,
Published 25 May, 2017 12:00am
Shanghai copper slips
Exchange

Shanghai copper slips

Shanghai Futures Exchange copper edged down as much as 0.4 percent to 45,780 yuan ($6,645) a tonne on Wednesday after credit ratings agency Moody's downgraded China due to its massive debt, with muted trade expected ahead of the release later in the sessi
Published 25 May, 2017 12:00am
Venezuela leader defies demonstration, launches constitution overhaul

Venezuela leader defies demonstration, launches constitution overhaul

Venezuela's President Nicolas Maduro Tuesday formally launched moves to rewrite the constitution, defying opponents who accuse him of clinging to power in a political crisis that has sparked deadly unrest. At an open air rally before thousands of supporte
Published 25 May, 2017 12:00am
Oman flies freed Australian out of Yemen

Oman flies freed Australian out of Yemen

An Australian kidnapped in Yemen was evacuated from the war-torn country by the Omani government on Wednesday after negotiations through tribal mediators led to his release. Oman's foreign ministry did not name the man and it was not immediately clear if
Published 25 May, 2017 12:00am
Duterte threatens martial law for all of Philippines

Duterte threatens martial law for all of Philippines

Philippine President Rodrigo Duterte threatened Wednesday to impose martial law nationwide to combat the rising threat of terrorism, after Islamist militants beheaded a policeman and took Catholic hostages while rampaging through a southern city. Duterte
Published 25 May, 2017 12:00am
Trump promises peace push after 'fantastic' pope talks

Trump promises peace push after 'fantastic' pope talks

Donald Trump vowed Wednesday to use his US presidency to promote peace around the world after what he depicted as an inspirational meeting with an initially grim-faced Pope Francis. Meeting face-to-face for the first time, the two leaders sidestepped prof
Published 25 May, 2017 12:00am
Qatar begins probe after state news agency hacked

Qatar begins probe after state news agency hacked

Qatar said Wednesday it had begun an inquiry into an unprecedented security breach by hackers who posted fake news stories attributed to its ruler on highly sensitive regional political issues. The cyber attack, which hit Qatar's official news agency webs
Published 25 May, 2017 12:00am
At least five dead in Mogadishu bombing

At least five dead in Mogadishu bombing

At least five people were killed and six injured when a car bomb exploded outside the port in the Somali capital Mogadishu on Wednesday, officials and witnesses said. "A car loaded with explosives was detonated near a cafe and it killed five people with s
Published 25 May, 2017 12:00am
More donors can absorb 'shock' of any US cuts: new WHO boss

More donors can absorb 'shock' of any US cuts: new WHO boss

The World Health Organization should expand its donor base to better withstand the "shock" from planned deep budget cuts in Washington, Tedros Adhanom, the newly elected agency head, said Wednesday. A day after he became the first African to head the WHO,
Published 25 May, 2017 12:00am
Finland court acquits Iraqi twins over IS massacre in Iraq

Finland court acquits Iraqi twins over IS massacre in Iraq

A Finnish court on Wednesday acquitted twin Iraqi brothers accused of war crimes over their alleged role in a 2014 massacre of up to 1,700 unarmed recruits by the Islamic State group in Iraq. The court in Tampere, in southwestern Finland, said there was n
Published 25 May, 2017 12:00am
Nepal's Maoist prime minister resigns

Nepal's Maoist prime minister resigns

Nepal's Maoist prime minister resigned Wednesday as part of a planned handover to a former political foe who will be the impoverished nation's tenth leader since the end of the civil war in 2006. Pushpa Kamal Dahal, who led the decade-long Maoist insurgen
Published 25 May, 2017 12:00am
Israeli defence minister says uneasy over US-Saudi arms deal

Israeli defence minister says uneasy over US-Saudi arms deal

Israeli Defence Minister Avigdor Lieberman said Wednesday he was uneasy over a massive US-Saudi arms deal announced at the weekend, saying it was part of a "crazy" regional arms race. In the first public comment by an Israeli official on the $110-billion
Published 25 May, 2017 12:00am
Five police killed in second Kenya roadside bomb

Five police killed in second Kenya roadside bomb

Five police officers were killed Wednesday when their vehicle hit a roadside bomb in northeastern Kenya, a local governor said, just hours after a similar blast claimed three police lives. The officers were travelling in a convoy with Mandera county gover
Published 25 May, 2017 12:00am
Erdogan says EU must decide on Turkey membership

Erdogan says EU must decide on Turkey membership

President Recep Tayyip Erdogan on Wednesday said ahead of crunch talks with the EU's leadership it was up to Brussels to decide if it wanted Turkey as a member of the bloc. Speaking to reporters before leaving Ankara airport for the trip to Brussels which
Published 25 May, 2017 12:00am
Algeria president replaces PM in wake of polls

Algeria president replaces PM in wake of polls

Algerian President Abdelaziz Bouteflika on Wednesday appointed a new prime minister, replacing his confidant Abdelmalek Sellal in the wake of parliamentary elections. Bouteflika's National Liberation Front (FLN) and its ruling coalition won a clear majori
Published 25 May, 2017 12:00am
Sri Lanka police 'failing to stop anti-Muslim attacks'

Sri Lanka police 'failing to stop anti-Muslim attacks'

Rights groups accused Sri Lankan police Wednesday of failing to stop a wave of hate crimes against Muslim businesses and mosques in the Buddhist-majority country. Police are yet to make any arrests in connection with more than a dozen arson attacks agains
Published 25 May, 2017 12:00am
Taiwan court rules in favour of gay marriage in Asia first

Taiwan court rules in favour of gay marriage in Asia first

Taiwan's top court ruled in favour of gay marriage Wednesday, a landmark decision that paves the way for the island to become the first place in Asia to legalise same-sex unions. Crowds of supporters cheered, hugged and wept as the court said current laws
Published 25 May, 2017 12:00am
At least 20 migrants killed in new Mediterranean sinking

At least 20 migrants killed in new Mediterranean sinking

At least 20 migrants including young children drowned on Wednesday when they fell off an overloaded vessel in the Mediterranean, the Italian coastguard and a humanitarian worker said. "There's a critical situation today. About 200 people fell into the wat
Published 25 May, 2017 12:00am
Tanzania president sacks mines minister

Tanzania president sacks mines minister

President John Magufuli fired Tanzania's mines minister on Wednesday after a government report found minerals exports had been understated, causing a loss in tax revenue. Mining minister Sospeter Muhongo, a friend and ally of the president, was dismissed
Published 25 May, 2017 12:00am
Plane skids off Hong Kong runway in heavy rain

Plane skids off Hong Kong runway in heavy rain

A plane veered off the runway at Hong Kong airport Wednesday after heavy rain lashed the area, forcing the temporary closure of the airstrip and delaying scores of flights. The China Eastern Airlines flight from Nanjing, which had 141 people on board, ski
Published 25 May, 2017 12:00am
Amazon's Bezos gives $1 million to press freedom watchdog

Amazon's Bezos gives $1 million to press freedom watchdog

Amazon co-founder Jeff Bezos is giving $1 million to the Reporters Committee for Freedom of the Press, the largest-ever gift to the media rights watchdog. The gift from Bezos, who also owns the Washington Post newspaper, was announced at the organization'
Published 25 May, 2017 12:00am
Amazon's Bezos gives $1 million to press freedom watchdog

Amazon's Bezos gives $1 million to press freedom watchdog

Amazon co-founder Jeff Bezos is giving $1 million to the Reporters Committee for Freedom of the Press, the largest-ever gift to the media rights watchdog. The gift from Bezos, who also owns the Washington Post newspaper, was announced at the organization'
Published 25 May, 2017 12:00am
Brazilian sugar sales to China to fall on higher tariffs

Brazilian sugar sales to China to fall on higher tariffs

Brazilian sugar exports to China could fall around 800,000 tonnes in the next 12 months as a result of higher import tariffs imposed by the Chinese government, local sugar industry group Unica said on Monday. Unica's director, Eduardo Leo, said China's de
Published 25 May, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

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 25 May, 2017 12:00am
State Bank of Pakistan conversion rates
Exchange

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 25 May, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 May, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 May, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,995. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 3.957 billion and the number of lots traded was 9,785. Major business was contributed by gol
Published 25 May, 2017 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Spot basis bids for hard red winter wheat were steady in the southern US Plains on Tuesday, and farmer selling was quiet following scattered rains in the region, merchandisers said. The Texas winter wheat crop was 20 percent harvested by Sunday, ahead of
Published 25 May, 2017 12:00am
EU wheat futures drop on fall in Chicago prices
Exchange

EU wheat futures drop on fall in Chicago prices

European wheat futures in Paris dropped on Tuesday in thin volumes, pressured by weaker Chicago prices and a strong euro. December milling wheat on the Paris-based Euronext exchange was down 0.50 euro or 0.3 percent at 171.25 euros a tonne at 1601 GMT. Th
Published 25 May, 2017 12:00am
US sues Fiat Chrysler over diesel emissions cheating

US sues Fiat Chrysler over diesel emissions cheating

US environmental regulators on Tuesday filed a lawsuit against automaker Fiat Chrysler, accusing the company of installing devices on its trucks that hid harmful emissions during testing. The company kept the software's existence from regulators during th
Published 25 May, 2017 12:00am
Jump in renewable energy jobs worldwide

Jump in renewable energy jobs worldwide

The renewable energy sector employed 9.8 million people worldwide in 2016, marking a sharp increase from 2012, the Abu Dhabi-based International Renewable Energy Agency said on Wednesday. In its "Renewable Energy and Jobs - Annual Review 2017", IRENA says
Published 25 May, 2017 12:00am
French jobless total drops most in eight months in April

French jobless total drops most in eight months in April

France's jobless total dropped the most in eight months in April with the number of people seeking work falling by 1 percent from the previous month, Labour Ministry data showed on Wednesday. The number of registered jobseekers in mainland France fell by
Published 25 May, 2017 12:00am
ECB sees clouds over eurozone's financial stability

ECB sees clouds over eurozone's financial stability

The European Central Bank said Wednesday that stress in the eurozone financial system had remained low over the past six months, but it warned of "significant" risks to that stability. "Risks to financial stability stemming from financial markets remain s
Published 25 May, 2017 12:00am
Japan manufacturers' mood slips

Japan manufacturers' mood slips

Confidence among Japanese manufacturers receded in May for the first time in nine months after hitting a decade-high level April, a Reuters survey found, showing guarded optimism in a nascent export-led economic recovery. The Reuters' monthly poll - which
Published 25 May, 2017 12:00am
Trade activity down on cotton market
Cotton

Trade activity down on cotton market

Trade activity came down on the cotton market on Wednesday owing to less buying interest, dealers said. The official spot rate was unchanged at Rs 6750, they said. In the ready session, 2000 bales of cotton sold at Rs 6900 and another deal of 200 bales fr
Published 25 May, 2017 12:00am
US natural gas futures fall on lower demand

US natural gas futures fall on lower demand

US natural gas futures fell on Tuesday, hurt by milder weather forecasts and lower demand next week as well as small, but steady increases in production. Front-month gas futures fell 11.1 cents, or 3.3 percent, to settle at $3.219 per million British ther
Published 25 May, 2017 12:00am
Activities at Karachi & Qasim Ports

Activities at Karachi & Qasim Ports

The Karachi Port handled 91,236 tonnes of cargo comprising 64,972 tonnes of import cargo and 26,264 tonnes of export cargo including 2,706 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 64
Published 25 May, 2017 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (May 24, 2017).

Published 25 May, 2017 12:00am
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