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Nov 14, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-06-21
'The Godfather' out of stock even two months after Supreme Court verdict

'The Godfather' out of stock even two months after Supreme Court verdict

The popular novel 'The Godfather' is yet out of stock on leading stores even two months after the apex court verdict in Panama case filed against Prime Minister Nawaz Sharif. Demand for the DVDs of a movie based on the novel is also high and a good number
Published 21 Jun, 2017 12:00am
Mango growers demand lower freight charges

Mango growers demand lower freight charges

Mango growers and exporters have urged the government to facilitate them by lowering the air freight charges so as to ensure meeting the export target of 100,000 tons of Pakistan's second major fruit crop. Multan Mango Growers Association President Tariq
Published 21 Jun, 2017 12:00am
Huge licence fee on electronics' business rejected

Huge licence fee on electronics' business rejected

License fee of Rs 10,000 to Rs 20,000 on the business of Electronics is unacceptable as it will erode its profitability, said Rana Sikandar Azam Khan Senior Vice President Faisalabad Chamber of Commerce & Industry (FCCI) and chairman FCCI Standing Committ
Published 21 Jun, 2017 12:00am
Textile industry observes 'black day'

Textile industry observes 'black day'

Textile industry in South Punjab on Tuesday observed black day across the Southern region against anti-industry and anti-export policies of the government. Talking to mediamen, APTMA Multan Chapter's co-ordinator M Anees Khawaja and President of Multan Ch
Published 21 Jun, 2017 12:00am
Officers asked to increase patrolling on canals

Officers asked to increase patrolling on canals

In order to ensure the safety and security of the irrigation infrastructure in case of flood during the monsoon, all the engineers and field officers have been directed across the province to enhance the patrolling on the canals. It was also stressed to i
Published 21 Jun, 2017 12:00am
APBUMA chief slams government

APBUMA chief slams government

Khawaja Muhammad Younus, Chairman All Pakistan Bedsheets & Upholstery Manufacturers Association (APBUMA) said that textile sector is really disappointed with the government as all the pledges with the sector is more like rhetoric instead of solid measures
Published 21 Jun, 2017 12:00am
Shahbaz, Saad discuss current political situation
Exchange

Shahbaz, Saad discuss current political situation

Punjab Chief Minister Shahbaz Sharif on Tuesday said that national economy has strengthened, as efforts aimed at putting the country on the road to development have started bearing fruits. Sources claim that the country's political situation and matters o
Published 21 Jun, 2017 12:00am
Pakistan can earn billions from furniture export: FPCCI
Exchange

Pakistan can earn billions from furniture export: FPCCI

Federation of Pakistan Chamber of Commerce and Industry (FPCCI) regional chairman and vice president Manzoor-ul-Haq Malik said on Tuesday that Pakistan can earn billions of dollars in foreign exchange annually from furniture export. Talking to a delegatio
Published 21 Jun, 2017 12:00am
LCCI urges government to ensure balance between imports & exports

LCCI urges government to ensure balance between imports & exports

The Lahore Chamber of Commerce and Industry (LCCI) Tuesday took a strong exception to the historic trade deficit during the last eleven months and urged the ministries of finance and commerce to take measures to ensure balance between imports and exports.
Published 21 Jun, 2017 12:00am
Death anniversary of Khawaja Pervez observed

Death anniversary of Khawaja Pervez observed

Death anniversary of prominent Pakistani film composer and songwriter Khawaja Pervez was observed on Tuesday. Born in Amritsar in 1932, he composed songs for both Urdu and Punjabi language films. His first film was Rawaj but got a big breakthrough from th
Published 21 Jun, 2017 12:00am
PPDWP approves construction of M&CCH at Murree
Cotton

PPDWP approves construction of M&CCH at Murree

The Punjab Provincial Development Working Party(PPDWP) has approved construction of a 128-bed Mother & Child Care Hospital, Murree at the cost of Rs 4.157 billion. Official sources told Business Recorder that in view of hundreds of thousands of vis
Published 21 Jun, 2017 12:00am
Punjab government allows despatching of white flour to provinces

Punjab government allows despatching of white flour to provinces

Punjab government has decided to allow flour mills to send white bag flour to other provinces but ban on sale of unsubsidised flour will continue in all districts of Punjab. The permission to send flour to other provinces is subject to declaring stocks. D
Published 21 Jun, 2017 12:00am
CNEEC presents feasibility report on industrial zone

CNEEC presents feasibility report on industrial zone

The Chief Minister, Khyber Pakhtunkhwa, Pervez Khattak met a delegation of Chinese investment company, CNEEC led by its Executive Director Ms Li Nengzhi at Chief Minister House, Peshawar. The company head besides presenting the feasibility report of the e
Published 21 Jun, 2017 12:00am
Hussain Nawaz's application: PML-N to seek legal opinion on SC verdict

Hussain Nawaz's application: PML-N to seek legal opinion on SC verdict

Pakistan Muslim League-Nawaz (PML-N) will consult its legal experts about the Supreme Court's verdict on Hussain Nawaz's application to see whether or not it should pursue the matter further on a legal forum. Talking to media persons outside the Supreme C
Published 21 Jun, 2017 12:00am
LHW receives extortion call from ISIS commander

LHW receives extortion call from ISIS commander

Lady health worker (LHW) in primary health care department, Shagufta Naaz received extortion call of Rs 500,000 from Islamic State in Iraq and Syria (ISIS) commander. The worker has filed a plea at Airport police station, saying that the suspects have thr
Published 21 Jun, 2017 12:00am
Bid to smuggle foreign currency foiled

Bid to smuggle foreign currency foiled

A large amount of foreign currency containing Saudi Riyal, UAE Dirham and US Dollars were recovered from currency pushers when the custom officials foiled twin bids of foreign currency smuggling from Pakistan to Afghanistan at Torkham border. Custom Super
Published 21 Jun, 2017 12:00am
Khursheed demands Prime Minister to resign for sake of democracy

Khursheed demands Prime Minister to resign for sake of democracy

Leader of the opposition in the National Assembly Syed Khursheed Shah has demanded of the prime minister to resign for the sake of democracy, party and parliament. Talking to media persons here on Tuesday, the opposition leader said the PPP sacrificed its
Published 21 Jun, 2017 12:00am
Businessmen urged to take advantage of better L&O situation

Businessmen urged to take advantage of better L&O situation

Minister for Interior and Narcotics Control, Chaudhry Nisar Ali Khan on Tuesday urged the business community to take advantage of the better law and order situation and play its role in speeding up economic activities in the country, says a press release.
Published 21 Jun, 2017 12:00am
Shahbaz directs third-party inspection of private medical colleges

Shahbaz directs third-party inspection of private medical colleges

Punjab Chief Minister Shahbaz Sharif, while directing to hold third-party inspection of private medical colleges, said that measures should be proposed to regulate those colleges with mutual consultation and a suitable way forward. He passed these directi
Published 21 Jun, 2017 12:00am
IGP Sindh orders strategy to check street crimes

IGP Sindh orders strategy to check street crimes

Inspector General of Police (IGP) Sindh A D Khowaja Tuesday sought a comprehensive and efficient strategy to control street crimes in Karachi. The IGP, chairing a meeting at Central Police Office here, directed DIGs and SPs of different districts of the m
Published 21 Jun, 2017 12:00am
PPP KP to observe Shaheed Benazir's birthday anniversary

PPP KP to observe Shaheed Benazir's birthday anniversary

PPP Khyber Pakhtunkhwa chapter has decided to observe the birthday anniversary of former prime minister Benazir Bhutto with spirit and reverence. The decision was taken in a meeting of the provincial cabinet held here with provincial president, Mohammad H
Published 21 Jun, 2017 12:00am
Commuters suffer as CNG Metro buses disappear

Commuters suffer as CNG Metro buses disappear

CNG buses of the Karachi Metropolitan Corporation (KMC) Green Metro Bus Service have almost disappeared from the route -- Kaimari to Pakistan Steel's residential area Gulshan-e-Hadeed via Shahrah-e-Faisal. This had created anger and frustration among a la
Published 21 Jun, 2017 12:00am
Mashal Khan case: ATC fixes July 5 for hearing

Mashal Khan case: ATC fixes July 5 for hearing

Anti Terrorist Court (ATC) has fixed July 5, next date for hearing in the Mashal Khan lynching case. It may be noted that on April 13, a mob of students and employees of the Abdul Wali Khan University lynched Mashal Khan, a student of the Journalism and M
Published 21 Jun, 2017 12:00am
Prime Minister announces Rs 10 millions for each player: Marriyum

Prime Minister announces Rs 10 millions for each player: Marriyum

Prime Minister Nawaz Sharif has announced Rs 10 million for each player of Pakistan cricket team, for their magnificent and historic performance in the Champions Trophy tournament. This was stated by Minister for Information, Broadcasting and National Her
Published 21 Jun, 2017 12:00am
AIIB to fulfill its financial commitment to Pakistan

AIIB to fulfill its financial commitment to Pakistan

Asian Infrastructure Investment Bank (AIIB) will fulfill all the financial needs of the projects running in Pakistan under the strategic policy, said the Bank's vice President Jaochim Von Amsberg. While presiding over the 2nd annual body meeting of the ba
Published 21 Jun, 2017 12:00am
Keel laying ceremony of 32 tons tug being built for PN held

Keel laying ceremony of 32 tons tug being built for PN held

Keel laying ceremony of 32 tons Bollard Pull (BP) Tug being built for Pakistan Navy was held at Karachi Shipyard & Engineering Works (KS&EW). Lieutenant General Syed Muhammad Owais (Retd), Secretary, Ministry of Defence Production, graced the occasion as
Published 21 Jun, 2017 12:00am
OGRA upholds Rs 400,000 penalty on APL for flouting rules

OGRA upholds Rs 400,000 penalty on APL for flouting rules

The Oil and Gas Regulatory Authority (OGRA) has upheld its directive of imposition of Rs 400,000 penalty on Attock Petroleum Limited (APL) over violation of rules and regulations for oil and gas sector. In order to check the petroleum activities in the fi
Published 21 Jun, 2017 12:00am
ANF nabs two foreigners

ANF nabs two foreigners

Two foreigners, including one woman, were taken into custody during a raid conducted by Anti-Narcotics Force (ANF) here on Wazirabad Road late Monday night. The ANF also recovered contraband, comprising 3.6 kilograms of hashish and 300 grams of heroin, fr
Published 21 Jun, 2017 12:00am
USAID, finance ministry renew ongoing cooperation

USAID, finance ministry renew ongoing cooperation

The United States is providing an additional Rs 19 billion to create economic opportunities and pursue economic and political reforms that promote prosperity in Pakistan, says a press release. The additional funds will be obligated for development in Paki
Published 21 Jun, 2017 12:00am
Eid shopping gaining momentum in Landi Kotal

Eid shopping gaining momentum in Landi Kotal

The Eid shopping has reached its climax in Landi Kotal, tribal Khyber Agency, as a large number of tribesmen flocked bazaars and markets since the beginning of last ten day of the holy month of Ramazan. A huge rush of tribal flanked by their children were
Published 21 Jun, 2017 12:00am
Prime Minister performs Umrah

Prime Minister performs Umrah

Prime Minister Nawaz Sharif, who is on a private visit to Saudi Arabia along with his family members, has performed Umrah. Upon his arrival at Masjed-e-Nabvi, he was received by a number of officials of the General Presidency and Special Force for Securit
Published 21 Jun, 2017 12:00am
Dargai firing incident: leaders of PTI, QWP ANP & PML-N reject APC

Dargai firing incident: leaders of PTI, QWP ANP & PML-N reject APC

Leaders of Pakistan Tehreek-e-Insaf (PTI), Quami Watan Party (QWP), Awami National Party (ANP) and PML-N from Malakand division have rejected the All Parties Conference (APC) held in connection with Dargai firing on participants of protest rally against e
Published 21 Jun, 2017 12:00am
Senate panel for proper representation to eunuchs in CC&Is

Senate panel for proper representation to eunuchs in CC&Is

A panel of senators headed by Senator Rubina Khalid on Tuesday recommended that proper representation should be given to eunuchs at the men and women Chambers of Commerce and Industry. Also comprising Senator Ilyas Bilor and Senator Usman Kakar, the panel
Published 21 Jun, 2017 12:00am
Pakistan open to any mechanism for bringing peace to Afghanistan: Aizaz

Pakistan open to any mechanism for bringing peace to Afghanistan: Aizaz

Pakistan's Ambassador to the United States Aizaz Chaudhry has said Islamabad was open to any mechanism that could bring peace to Afghanistan. He said, "Pakistan is open to any mechanism that may work for bringing peace in Afghanistan and the entire region
Published 21 Jun, 2017 12:00am
UBL Funds celebrates successful closing of AIActAP-VIII
Mutual Funds

UBL Funds celebrates successful closing of AIActAP-VIII

UBL Fund Managers Limited (UBL Funds), pioneer for unique Fund-of-Funds products, celebrates the successful closing of its latest Islamic Active Allocation Plan, the Al-Ameen Islamic Active Allocation Plan-VIII (AIActAP-VIII), a Plan under Al-Ameen Islami
Published 21 Jun, 2017 12:00am
UBL Funds celebrates successful closing of AIActAP-VIII
Mutual Funds

UBL Funds celebrates successful closing of AIActAP-VIII

UBL Fund Managers Limited (UBL Funds), pioneer for unique Fund-of-Funds products, celebrates the successful closing of its latest Islamic Active Allocation Plan, the Al-Ameen Islamic Active Allocation Plan-VIII (AIActAP-VIII), a Plan under Al-Ameen Islami
Published 21 Jun, 2017 12:00am
Philips initiates sustainability programme in Pakistan

Philips initiates sustainability programme in Pakistan

Philips Lighting - a global leader in lighting - in Pakistan has initiated a sustainability programme to create awareness about energy efficiency and climate change amongst schoolchildren. The rapid growth in urban population has increased the overall ene
Published 21 Jun, 2017 12:00am
Saba's debut 'Hindi Medium' enters 100 crore club

Saba's debut 'Hindi Medium' enters 100 crore club

Pakistani actress Saba Qamar's Bollywood debut 'Hindi Medium' has become fifth Indian movie to enter the 100 crore club. The film is continuously on display in various cinemas across the world due to appreciation by the fans. Sources told that Hindi Mediu
Published 21 Jun, 2017 12:00am
Light rain forecast for Sindh today

Light rain forecast for Sindh today

The Met Office on Tuesday forecast light rain in coastal parts of Sindh besides hot and humid weather elsewhere in the country in the next 24 hours. It said that rain/dust-thundershower (with isolated heavy falls) with gusty winds is expected at scattered
Published 21 Jun, 2017 12:00am
Funeral prayers of two navy officials offered

Funeral prayers of two navy officials offered

Funeral prayers of two Pakistan Navy personnel Syed Hassan Raza (Medical technician) and Khalil Murad (Leading Fireman), who embraced Shahadat on Monday during attack on PN vehicle at Jiwani by terrorists were offered, here on Tuesday. Chief of the Naval
Published 21 Jun, 2017 12:00am
ECP disqualifies PML-N MPA

ECP disqualifies PML-N MPA

Election Commission of Pakistan on Tuesday disqualified a member of Punjab Assembly of PML-N Shaukat Aziz Bhatti over possessing fake degree case. Bhatti was elected an MPA from PP-4 Gujar Khan on Pakistan Muslim League-Nawaz (PML-N) ticket in 2013 genera
Published 21 Jun, 2017 12:00am
Working of eight BHUs shifted on solar energy

Working of eight BHUs shifted on solar energy

Eight Basic Health Units (BHUs) administered by Peoples Primary Health Care Initiatives (PPHI) have been shifted to solar energy in first phase while five more BHUs and Rural Health Centre Bhit Shah would be shifted in second phase. This was informed by P
Published 21 Jun, 2017 12:00am
Enabling policies urged for export sector
Exchange

Enabling policies urged for export sector

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that government should promote the export sector through enabling policies to end dependence on the foreign lenders otherwise the situation will continue to deterio
Published 21 Jun, 2017 12:00am
KMBL opens branches in Gilgit, Ghakuch

KMBL opens branches in Gilgit, Ghakuch

Khushhali Microfinance Bank (KMBL) has announced the opening of new branches in Gilgit and Ghakuch for customer financial support in both areas. The launch of these branches is in line with the bank's commitment of further expanding its geographic spread
Published 21 Jun, 2017 12:00am
Clarification

Clarification

Apropos a comment entitled "PID not allowed to file story on behalf of Shahbaz" carried by the Business Recorder in its edition of 20th June 2017, the Government spokesperson has categorically termed the item as concocted and figment of imagination
Published 21 Jun, 2017 12:00am
ECP to discuss delimitation of constituencies today

ECP to discuss delimitation of constituencies today

A meeting of the Election Commission of Pakistan (ECP) has been summoned on Wednesday (today) in Islamabad regarding the delimitation of constituencies. It will be chaired by Chief Election Commissioner Sardar Raza Khan.
Published 21 Jun, 2017 12:00am
Nisar lauds sacrifices of civil armed forces
Exchange

Nisar lauds sacrifices of civil armed forces

Minister for Interior Chaudhry Nisar Ali Khan held a meeting with Commandant Frontier Constabulary Captain Liaquat Ali Khan (retd) here on Tuesday and exchanged views on the professional matters of Frontier Constabulary, says a press release. The minister
Published 21 Jun, 2017 12:00am
Zardari pays glowing tributes to Benazir on 64th birthday

Zardari pays glowing tributes to Benazir on 64th birthday

On the eve of 64th birthday of PPP's slain chairperson Benazir Bhutto on June 21, President Pakistan People's Party Parliamentarians (PPPP) and former President of Pakistan Asif Ali Zardari has paid glowing tributes to her for "her vision, steadfastness a
Published 21 Jun, 2017 12:00am
Textile, clothing exports decline 12.24 percent in May
Cotton

Textile, clothing exports decline 12.24 percent in May

Pakistan's textile and clothing exports have declined 12.24 per cent to $ 938.589 million in May 2017 from $ 1.069 billion for the same month a year before, Pakistan Bureau of Statistics (PBS) said on Tuesday. The fall in textile exports was witnessed in
Published 21 Jun, 2017 12:00am
25,000 litres of substandard milk disposed of

25,000 litres of substandard milk disposed of

Punjab Food Authority disposed of about 25,000 litres of poor-quality milk during a crackdown in different cities on Tuesday. According to the Director General PFA, Noor-ul-Amin Mengal, vehicles passing through the entry points of different cities were ch
Published 21 Jun, 2017 12:00am
Nehal requests Supreme Court to withdraw notice

Nehal requests Supreme Court to withdraw notice

Senator Nehal Hashmi of Pakistan Muslim League-Nawaz has requested the apex court to withdraw show cause notice, which the Supreme Court had served on him over his threatening remarks against judiciary and joint investigation team (JIT) interrogating Prim
Published 21 Jun, 2017 12:00am
FBR recovers Rs 9.9 billion from PTA, IESCO and Saindak project

FBR recovers Rs 9.9 billion from PTA, IESCO and Saindak project

The Federal Board of Revenue (FBR) has intensified its enforcement and recovery drive during the last month (June) of current fiscal year 2016-17 and attached bank accounts of Pakistan Telecommunication Authority (PTA) and Islamabad Electric Supply Compan
Published 21 Jun, 2017 12:00am
Ministry asked to take steps for protecting journalists

Ministry asked to take steps for protecting journalists

The National Assembly Standing Committee on Information, Broadcasting and National Heritage has directed the ministry to take measures to protect journalists and their families without dilly-dallying. The committee while discussing 'The Protection of Jour
Published 21 Jun, 2017 12:00am
Senate, NA chiefs urged to host reception for cricket heroes

Senate, NA chiefs urged to host reception for cricket heroes

The Senate Standing Committee on Inter-Provincial Co-ordination has recommended Speaker National Assembly and Chairman Senate to host a reception for Pakistan cricket team in the Parliament for winning the ICC Champions Trophy 2017. The committee met with
Published 21 Jun, 2017 12:00am
Nepra okays refund of Rs 1.9 per unit to consumers

Nepra okays refund of Rs 1.9 per unit to consumers

National Electric Power Regulatory Authority (Nepra) on Tuesday approved refund of Rs 1.90 per unit to consumers of power Distribution Companies (Discos) for May 2017 under monthly fuel adjustment mechanism. Chairman Nepra Brigadier Tariq Saddozai (retire
Published 21 Jun, 2017 12:00am
'Breastfeeding a must to overcome infant mortality rate'

'Breastfeeding a must to overcome infant mortality rate'

With a view to check infant mortality rate, the Punjab government has decided to promote breastfeeding in the province through legislation and other steps. Punjab Minister for Primary & Secondary Health Khawaja Imran Nazir, while chairing a meeting of new
Published 21 Jun, 2017 12:00am
Plea against Dar: LHC seeks reply from federal government

Plea against Dar: LHC seeks reply from federal government

The Lahore High Court on Tuesday sought reply from the federal government by November 7 in a petition challenging powers of federal finance minister to present supplementary budget. A citizen, Mahmood Akhtar submitted that the federal cabinet had empowere
Published 21 Jun, 2017 12:00am
FBR compiles list of 88 states for exchanging tax information
Exchange

FBR compiles list of 88 states for exchanging tax information

The Federal Board of Revenue (FBR) has compiled a list of 88 countries including Switzerland to ensure reporting by financial institutions to the said participating jurisdictions from July 1, 2017 under global treaties on automatic exchange of information
Published 21 Jun, 2017 12:00am
Fire breaks out in AG office

Fire breaks out in AG office

Panic gripped among the citizens, particularly commuters, locals and workers as fire broke out in Accountant General's (AG) building here on Tuesday. However, rescuers extinguished the fire after taking control of the site. Police officials said no causal
Published 21 Jun, 2017 12:00am
Revised MFS implemented by NCCPL
Exchange

Revised MFS implemented by NCCPL

The National Clearing Company of Pakistan Limited (NCCPL) has implemented the revised features in the Margin Financing System (MFS) with effect from June 19, 2017. The Securities and Exchange Commission of Pakistan (SECP) constituted a committee with the
Published 21 Jun, 2017 12:00am
Extension given to DG IB means influencing state institutions: PTI

Extension given to DG IB means influencing state institutions: PTI

Pakistan Tehreek-e-Insaf (PTI) has said that extension given to director general Intelligence Bureau (IB) by the government was meant to influence state institutions which Sharif administration has been doing for the last several years. PTI Secretary Gene
Published 21 Jun, 2017 12:00am
Sarfraz receives heroic welcome

Sarfraz receives heroic welcome

The victorious Pakistani cricket team and its captain Sarfraz Ahmed received a grand welcome at Karachi Airport and then outside his house on the team's return with the ICC Champions Trophy 2017 on Tuesday morning. The fans sang patriotic songs and welcom
Published 21 Jun, 2017 12:00am
Attack on media won't be tolerated: Marriyum

Attack on media won't be tolerated: Marriyum

Minister of State for Information Marriyum Aurangzeb has condemned the attack on a DSNG van of a private news channel in Faisalabad on Tuesday. In a statement, she said no restriction can be imposed on Media in the country and the democratic government fi
Published 21 Jun, 2017 12:00am
Fakhar Zaman warmly received at BKIA

Fakhar Zaman warmly received at BKIA

Pakistan cricket team's star batsman, Fakhar Zaman was warmly received at Bacha Khan International Airport (BKIA), here on Tuesday as large number of his fans, relatives, well-wishers and members of the local association, fans from his native village Katl
Published 21 Jun, 2017 12:00am
Cotton declines for seventh session on large harvest projections
Cotton

Cotton declines for seventh session on large harvest projections

ICE cotton futures fell for the seventh straight session on Monday after hitting near six-month lows in the previous session as investors continued liquidating on rising expectations of new harvest. "We have not had any significant problems in getting the
Published 21 Jun, 2017 12:00am
Shanghai copper up
Exchange

Shanghai copper up

Shanghai Futures Exchange copper edged up 0.5 percent to 45,840 yuan ($6,708) a tonne on Tuesday as a stronger dollar capped gains after comments by a Federal Reserve official that boosted confidence in another US interest rate hike this year. The dollar
Published 21 Jun, 2017 12:00am
Zinc hits fresh high, copper down
Exchange

Zinc hits fresh high, copper down

Zinc prices retreated on Tuesday after hitting their highest in more than two weeks as investors sought to balance concerns about tightening supplies with uncertainty over Chinese demand. A steady stream of news has encouraged the bulls recently, includin
Published 21 Jun, 2017 12:00am
US crude ends at nine-month lows on global oversupply

US crude ends at nine-month lows on global oversupply

Oil fell about 2 percent on Tuesday, with Brent settling at seven-month lows and US crude at its cheapest since September, after increased supply from several key producers overshadowed high compliance by Opec and non-Opec oil producers with a deal to cut
Published 21 Jun, 2017 12:00am
Rubber down
Exchange

Rubber down

Benchmark Tokyo rubber futures extended declines on Tuesday and touched a near two-week low after data showed domestic rubber inventories grew 3 percent and the world's No.2 producer, Indonesia, said it was not worried about a recent slump in prices as ma
Published 21 Jun, 2017 12:00am
Gold down in NY

Gold down in NY

Gold fell to a near five-week low on Monday as the dollar rose after hawkish comments from a top Fed official, but uncertainty created by the start of talks on the terms of Britain's departure from the European Union prevented deeper losses. Spot gold was
Published 21 Jun, 2017 12:00am
Gold moves higher in Asia

Gold moves higher in Asia

Gold inched higher on Tuesday, supported by global political uncertainties, after touching a five-week low earlier in the session as a key US Federal Reserve official reaffirmed the central bank's hawkish stance on interest rate hikes. Risk aversion due t
Published 21 Jun, 2017 12:00am
Gold falls in Europe

Gold falls in Europe

Gold hit a five-week low on Tuesday as the dollar rallied following hawkish comments from an influential US Federal Reserve official and dovish remarks from the Bank of England governor. New York Fed President William Dudley said on Monday that labour mar
Published 21 Jun, 2017 12:00am
Brazil sugar sales to China to fall by 800,000 tonnes

Brazil sugar sales to China to fall by 800,000 tonnes

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 Leao, said China's d
Published 21 Jun, 2017 12:00am
US MIDDAY: wheat rallies again
Exchange

US MIDDAY: wheat rallies again

US spring wheat futures set fresh 2-1/2-year highs on Tuesday as a further decline in spring wheat condition ratings surprised traders and coincided with concern about damage to French wheat from a heat wave. But corn and soyabean futures fell on improvin
Published 21 Jun, 2017 12:00am
US MIDDAY: gold edges down

US MIDDAY: gold edges down

Gold inched down to a five-week low early on Tuesday as the dollar rose following hawkish comments from an influential US Federal Reserve official and dovish remarks from the Bank of England governor. New York Fed President William Dudley said on Monday t
Published 21 Jun, 2017 12:00am
Victory at The Oval

Victory at The Oval

This is apropos a Business Recorder news item "Pakistan played 'perfect game' in CT" and editorial 'Stunning victory' carried by the newspaper yesterday. Australian cricketing legend Adam Gilchrist his credited Pakistan's adaptability and persevera
Published 21 Jun, 2017 12:00am
China problems force Aston Martin into global recall of 1,658 cars
Kerb

China problems force Aston Martin into global recall of 1,658 cars

British sports car maker Aston Martin Lagonda Ltd is ordering a global recall of 1,658 Vantage cars after problems with a routine transmission software update led to incidents in China in which some cars stalled and lost power, its CEO told Reuters. Chief
Published 21 Jun, 2017 12:00am
Yuan bears throw in the towel, say it isn't worth fighting China's PBOC

Yuan bears throw in the towel, say it isn't worth fighting China's PBOC

A slew of Western investors and traders who placed bets in the past two years that China's yuan currency would drop because of a weaker Chinese economy, the threat of a debt crisis, and capital outflows, abandoned those positions in recent months. They ha
Published 21 Jun, 2017 12:00am
Tracking dirty money
Exchange

Tracking dirty money

The Panama Papers along with them stories of corruption in high places have remained in the media headlines now for nearly 15 months, almost on a daily basis. And it had also remained, again on a daily basis a titillating topic of discussion by chattering
Published 21 Jun, 2017 12:00am
The London mosque attack

The London mosque attack

Britain is under terrorism's focus. The incident near a London mosque on Monday was the fourth terrorist strike there in four months. An agitated Prime Minister Theresa May, who had recently lost her election gamble, has termed the attack as "sickening."
Published 21 Jun, 2017 12:00am
Another attempt to defang regulatory bodies

Another attempt to defang regulatory bodies

The government issued a second notification on 6th June 2017 bringing five regulatory bodies under the administrative control of their ministries: National Electric Power Regulatory Authority (Nepra) under the Ministry of Water and Power, Oil and Gas Regu
Published 21 Jun, 2017 12:00am
India arrests villagers for cheering Pakistan cricketers

India arrests villagers for cheering Pakistan cricketers

Indian police said Tuesday they have arrested 15 Muslim villagers and charged them with sedition - punishable by life in prison - for celebrating Pakistan''s victory over India''s cricketers in the Champions Trophy. The villagers were arrested in the Burh
Published 21 Jun, 2017 12:00am
India arrests villagers for cheering Pakistan cricketers

India arrests villagers for cheering Pakistan cricketers

Indian police said Tuesday they have arrested 15 Muslim villagers and charged them with sedition - punishable by life in prison - for celebrating Pakistan's victory over India's cricketers in the Champions Trophy. The villagers were arrested in the Burhan
Published 21 Jun, 2017 12:00am
India arrests villagers for cheering Pakistan cricketers

India arrests villagers for cheering Pakistan cricketers

Indian police said Tuesday they have arrested 15 Muslim villagers and charged them with sedition - punishable by life in prison - for celebrating Pakistan's victory over India's cricketers in the Champions Trophy. The villagers were arrested in the Burhan
Published 21 Jun, 2017 12:00am
Export of sugar recommended

Export of sugar recommended

An inter- Ministerial Committee headed by Commerce Minister, Engineer Khurram Dastgir Khan on Tuesday recommended export of an additional quantity of 0.6 million tons of sugar without subsidy and subject to the condition that price stability in the market
Published 21 Jun, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (June 20, 2017) and the forecast for Wednesday (June 21, 2017).

Published 21 Jun, 2017 12:00am
Export of sugar recommended

Export of sugar recommended

An inter- Ministerial Committee headed by Commerce Minister, Engineer Khurram Dastgir Khan on Tuesday recommended export of an additional quantity of 0.6 million tons of sugar without subsidy and subject to the condition that price stability in the market
Published 21 Jun, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 20, 2017).

Published 21 Jun, 2017 12:00am
Export of sugar recommended

Export of sugar recommended

An inter- Ministerial Committee headed by Commerce Minister, Engineer Khurram Dastgir Khan on Tuesday recommended export of an additional quantity of 0.6 million tons of sugar without subsidy and subject to the condition that price stability in the market
Published 21 Jun, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 20, 2017).

Published 21 Jun, 2017 12:00am
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