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Apr 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-08-15
Swiss franc falters in Europe on returning risk appetite

Swiss franc falters in Europe on returning risk appetite

The Swiss franc posted its biggest daily drop against the US dollar in nearly three weeks on Monday as investor concern over geopolitical risks eased and Japan posted solid economic data. "Some investors had gone very short on risk last week on the geopol
Published 15 Aug, 2017 12:00am
Dollar edges up against yen in Asia

Dollar edges up against yen in Asia

The dollar edged higher against the yen on Monday, pulling away from last week's near 4-month low, with rising tensions between the United States and North Korea seen as the key to the near-term outlook. The dollar rose 0.3 percent to 109.52 yen, getting
Published 15 Aug, 2017 12:00am
Uzbekistan sum jumps on black market
Exchange

Uzbekistan sum jumps on black market

The Uzbek sum has gained about 9 percent against the dollar on the Central Asian nation's black market over the past seven days, as a full-scale exchange rate liberalisation appears imminent. The former Soviet republic this month abolished mandatory sales
Published 15 Aug, 2017 12:00am
US venture capital's digital coin quandary: cash-rich startups
Exchange

US venture capital's digital coin quandary: cash-rich startups

US venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money. Only a few years ago, digital currency entre
Published 15 Aug, 2017 12:00am
Financials, miners lift FTSE off three-month low

Financials, miners lift FTSE off three-month low

Gains among financials and miners helped lift Britain's top share index on Monday from a three-month low, while changes to broker recommendations also prompted moves in individual stocks. Britain's blue chip FTSE 100 index was up 0.6 percent at 7,353.89 p
Published 15 Aug, 2017 12:00am
Australian shares rebound; New Zealand climbs

Australian shares rebound; New Zealand climbs

Australian shares recovered on Monday, with financials accounting for more than half of the gains, as positive sentiment spilled over from Wall Street where investors had bet on slower US rate hikes. Weaker-than-expected July consumer price data led inves
Published 15 Aug, 2017 12:00am
Hong Kong shares gain
Exchange

Hong Kong shares gain

Hong Kong shares finished higher on Monday as the weekend did not bring any increase in the tensions between the United States and North Korea, stabilising sentiment and luring investors back into the market. As in mainland markets, investors largely igno
Published 15 Aug, 2017 12:00am
Banks lead relief rally for European stocks, fundamentals back in focus

Banks lead relief rally for European stocks, fundamentals back in focus

European shares rose on Monday after geopolitical tension had sent them to their worst weekly losses of the year, with a softening currency buoying euro zone firms. The pan-European STOXX 600 ended the session 1.1 percent higher, its best day in one month
Published 15 Aug, 2017 12:00am
China stocks surge on tech-fuelled rebound

China stocks surge on tech-fuelled rebound

China stocks added to early gains on Monday to end higher, as investors sought opportunities in shares hit by losses last week even as economic data suggested the potential for slowing growth in the world's second-largest economy. The blue-chip CSI300 ind
Published 15 Aug, 2017 12:00am
South East Asian stocks rise

South East Asian stocks rise

Southeast Asian stock markets closed higher on Monday as investors picked up beaten down shares, looking past tensions between the United States and North Korea. Tensions on the Korean peninsula eased slightly on Monday as South Korea's president said res
Published 15 Aug, 2017 12:00am
Tokyo shares fall

Tokyo shares fall

Tokyo's benchmark index ended at its lowest level in more than three months Monday as lingering worries about the war of words between the United States and North Korea offset better-than-expected Japanese economic growth. The market headed south as inves
Published 15 Aug, 2017 12:00am
Indian shares rebound

Indian shares rebound

Indian shares rose on Monday, snapping a five-day losing run, as some of the losses were seen as overdone and weak US inflation data dampened prospects of a rate hike this year, lifting sentiment across global markets. Banks were among the top gainers, wi
Published 15 Aug, 2017 12:00am
Kenya's stock market hits 14-month high after Kenyatta victory

Kenya's stock market hits 14-month high after Kenyatta victory

Kenya's main stock index rose 2.51 percent on Monday to a 14-month high, building on gains last week as investors welcomed the re-election of President Uhuru Kenyatta. The NSE-20 index has risen nearly 7 percent since the election last Tuesday. Kenyatta w
Published 15 Aug, 2017 12:00am
Eurozone industrial output drops by more than expected

Eurozone industrial output drops by more than expected

Industrial output in the 19 countries sharing the euro currency fell by more than expected in June, as the production of capital and durable goods fell following sharp increases in the previous month, European statistics office Eurostat said on Monday.
Published 15 Aug, 2017 12:00am
Ghana shuts two banks to protect financial stability

Ghana shuts two banks to protect financial stability

Ghana's central bank has revoked the licenses of two banks and transferred their deposits and selected assets to state-owned GCB Bank in order to protect financial stability. Depositors at UT Bank and Capital Bank needed to be protected due to the "severe
Published 15 Aug, 2017 12:00am
Dutch count massive cost of tainted-eggs scare

Dutch count massive cost of tainted-eggs scare

Dutch farmers and retailers on Monday were counting the costs stemming from the tainted-eggs scandal that swept Europe, saying the total ran into tens of millions of euros as two men at the scandal's centre were due to appear in court. "The damage is at l
Published 15 Aug, 2017 12:00am
Post-bailout Portugal grows on strong domestic demand

Post-bailout Portugal grows on strong domestic demand

Portugal's economy grew 2.8 percent in the second quarter from the same period a year ago, maintaining its highest growth rate in a decade thanks to strong domestic demand and investment, official data showed on Monday. Growth has bounced back strongly th
Published 15 Aug, 2017 12:00am
Canada looking to add environmental protections to NAFTA

Canada looking to add environmental protections to NAFTA

Canada wants environmental protections added to a 23-year-old continental trade pact with Mexico and the United States, its top diplomat said Monday, ahead of trilateral talks in two days. These protections, as laid out in a speech by Foreign Affairs Mini
Published 15 Aug, 2017 12:00am
Robust China economic growth shows signs of fading in July

Robust China economic growth shows signs of fading in July

China's strong economic growth showed visible signs of fading in July as lending costs rose and the gravity-defying property market cooled, though activity levels generally remained solid, propped up by a year-long construction spree. Industrial output, i
Published 15 Aug, 2017 12:00am
Japan economy posts longest expansion in over a decade

Japan economy posts longest expansion in over a decade

Japan has posted its longest economic expansion in over a decade on the back of a pickup in household and company spending, data showed Monday. The country's Gross Domestic Product grew by 1.0 percent in the April-June period, marking the sixth straight w
Published 15 Aug, 2017 12:00am
Bugs on the menu at Swiss supermarket

Bugs on the menu at Swiss supermarket

Switzerland's first insect-based food aimed at humans will go on sale next week following a revision of the country's food safety laws, a supermarket chain said Monday. Switzerland's second-largest supermarket chain, Coop, announced it would begin selling
Published 15 Aug, 2017 12:00am
UK employers see measly pay growth ahead, companies turn gloomy

UK employers see measly pay growth ahead, companies turn gloomy

British employers expect to raise pay only minimally over the next 12 months despite hiring more staff, a survey showed, suggesting the Bank of England is unlikely to come under much pressure to raise interest rates from their record low. The Chartered In
Published 15 Aug, 2017 12:00am
Sri Lanka board clears first Pakistan tour since 2009 attack

Sri Lanka board clears first Pakistan tour since 2009 attack

Sri Lanka's cricket board has approved a tour to Pakistan, eight years after a deadly militant attack against the team brought top international games there to a standstill, officials said Monday. Sri Lanka Cricket chief Thilanga Sumathipala said after a
Published 15 Aug, 2017 12:00am
India smash Sri Lanka to sweep series

India smash Sri Lanka to sweep series

Ravichandran Ashwin grabbed four wickets on Monday as India crushed Sri Lanka by an innings and 171 runs inside three days to complete their first three-Test series sweep on foreign soil. Off-spinner Ashwin and paceman Mohammed Shami shared seven wickets
Published 15 Aug, 2017 12:00am
Ronaldo handed five-match ban for ref push

Ronaldo handed five-match ban for ref push

Cristiano Ronaldo was hit with a five-match ban by the Spanish football federation (RFEF) on Monday for pushing the referee after being sent off in Real Madrid's 3-1 Spanish Super Cup, first leg win over Barcelona. The World Player of the Year received an
Published 15 Aug, 2017 12:00am
Abdul Basit wins Independence Day Cycle Race

Abdul Basit wins Independence Day Cycle Race

Abdul Basit clinched the trophy of the Independence Day Cycle Race organized by KP Cycling Association here on Monday. The 48km Cycle race paddled off from historical Fort Balahasar Peshawar and went through main GT road by culminated at Deputy Commission
Published 15 Aug, 2017 12:00am
Humam, Hammad win PSB Independence Day Junior Squash trophies

Humam, Hammad win PSB Independence Day Junior Squash trophies

Humam Ahmad and Hammad Khan clinched the trophies of Pakistan Sports Board Independence Day Junior Squash Tournament played here at PSB Mohib Ullah Khan Squash Academy on Monday. Former World Champion Qamar Zaman, former World No 2 Mohib Ullah Khan, Nazim
Published 15 Aug, 2017 12:00am
Farah rebrands as 'Mohamed' for road career

Farah rebrands as 'Mohamed' for road career

British athletics great Mo Farah wants to be known as 'Mohamed' now that he is switching his focus to road racing, he has announced. "My road name is Mohamed," he said. "I just feel like Mo is done. I need to forget about what I've achieved and what I've
Published 15 Aug, 2017 12:00am
International legends to play in Iraq

International legends to play in Iraq

International legends will play in Iraq next month in an exhibition match aimed at helping people in the war-torn country to forget hardship, organisers said Monday. The game in the southern city of Basra on September 9 is expected attract about 65,000 fa
Published 15 Aug, 2017 12:00am
Mixed emotions as Bolt bows out

Mixed emotions as Bolt bows out

Jamaican Usain Bolt said Sunday he was sad but also excited to bow out of athletics, adding that his disappointing world campaign in London would not change his career achievements. Bolt brought down the curtain on his glittering career in dramatic fashio
Published 15 Aug, 2017 12:00am
Zverev stuns Federer to win Montreal Masters

Zverev stuns Federer to win Montreal Masters

Alexander Zverev shocked second seed Roger Federer in straight sets in the Montreal Masters final to win his fifth title of the season and announce himself as an emerging star for the US Open. The 20-year-old German used his booming serve to overpower Fed
Published 15 Aug, 2017 12:00am
The Weather

The Weather

The weather report on Monday (August 14, 2017) and the forecast for Tuesday (August 15, 2017).

Published 15 Aug, 2017 12:00am
Saudi Arabia to launch joint trade council with Iraq

Saudi Arabia to launch joint trade council with Iraq

Saudi Arabia and Iraq are to launch a joint trade commission, the Saudi cabinet announced Monday, in a sign of a thaw in ties between the two neighbours. "The cabinet has decided to approve the establishment of the Saudi-Iraqi Co-ordinating Commission and
Published 15 Aug, 2017 12:00am
Saudi Arabia to launch joint trade council with Iraq

Saudi Arabia to launch joint trade council with Iraq

Saudi Arabia and Iraq are to launch a joint trade commission, the Saudi cabinet announced Monday, in a sign of a thaw in ties between the two neighbours. "The cabinet has decided to approve the establishment of the Saudi-Iraqi Co-ordinating Commission and
Published 15 Aug, 2017 12:00am
Saudi Arabia to launch joint trade council with Iraq

Saudi Arabia to launch joint trade council with Iraq

Saudi Arabia and Iraq are to launch a joint trade commission, the Saudi cabinet announced Monday, in a sign of a thaw in ties between the two neighbours. "The cabinet has decided to approve the establishment of the Saudi-Iraqi Co-ordinating Commission and
Published 15 Aug, 2017 12:00am
Saudi Arabia to launch joint trade council with Iraq

Saudi Arabia to launch joint trade council with Iraq

Saudi Arabia and Iraq are to launch a joint trade commission, the Saudi cabinet announced Monday, in a sign of a thaw in ties between the two neighbours. "The cabinet has decided to approve the establishment of the Saudi-Iraqi Co-ordinating Commission and
Published 15 Aug, 2017 12:00am
'My ouster has caused setback to economy,' claims Nawaz

'My ouster has caused setback to economy,' claims Nawaz

Ousted Prime Minister Nawaz Sharif on Monday said that there is setback to the national economy (because of his ouster) and it would be a difficult task to ensure continuity of policies. While talking to media after visiting the mausoleum of Allama Iqbal
Published 15 Aug, 2017 12:00am
'My ouster has caused setback to economy,' claims Nawaz

'My ouster has caused setback to economy,' claims Nawaz

Ousted Prime Minister Nawaz Sharif on Monday said that there is setback to the national economy (because of his ouster) and it would be a difficult task to ensure continuity of policies. While talking to media after visiting the mausoleum of Allama Iqbal
Published 15 Aug, 2017 12:00am
LHC to take up contempt petition against Nawaz today

LHC to take up contempt petition against Nawaz today

Justice Mamoon Rashid Sheikh of the Lahore High Court will take up the contempt petition against Mian Muhammad Nawaz Sharif for his alleged speeches against judges of the Supreme Court Tuesday. The petitioner Amina Malik of Civil Society Network through h
Published 15 Aug, 2017 12:00am
LHC to take up contempt petition against Nawaz today

LHC to take up contempt petition against Nawaz today

Justice Mamoon Rashid Sheikh of the Lahore High Court will take up the contempt petition against Mian Muhammad Nawaz Sharif for his alleged speeches against judges of the Supreme Court Tuesday. The petitioner Amina Malik of Civil Society Network through h
Published 15 Aug, 2017 12:00am
Foreigners pulling out investment despite MSCI upgrade
Exchange

Foreigners pulling out investment despite MSCI upgrade

Foreign investors are continuously withdrawing their investment from Pakistan's capital market despite its upgradation to MSCI Emerging Market Index. The offshore participants sold out shares worth $92.265 million in the one and half month of current fisc
Published 15 Aug, 2017 12:00am
Foreigners pulling out investment despite MSCI upgrade
Exchange

Foreigners pulling out investment despite MSCI upgrade

Foreign investors are continuously withdrawing their investment from Pakistan's capital market despite its upgradation to MSCI Emerging Market Index. The offshore participants sold out shares worth $92.265 million in the one and half month of current fisc
Published 15 Aug, 2017 12:00am
Foreigners pulling out investment despite MSCI upgrade
Exchange

Foreigners pulling out investment despite MSCI upgrade

Foreign investors are continuously withdrawing their investment from Pakistan''s capital market despite its upgradation to MSCI Emerging Market Index. The offshore participants sold out shares worth $92.265 million in the one and half month of current fis
Published 15 Aug, 2017 12:00am
Nation vows to protect, preserve independence

Nation vows to protect, preserve independence

The nation on Monday celebrated its 71st Independence Day with a renewed pledge to protect the motherland against all threats and turn it into a true welfare state as envisioned by Father of the Nation - Quaid-e-Azam Muhammad Ali Jinnah. Due to expected r
Published 15 Aug, 2017 12:00am
Nation vows to protect, preserve independence

Nation vows to protect, preserve independence

The nation on Monday celebrated its 71st Independence Day with a renewed pledge to protect the motherland against all threats and turn it into a true welfare state as envisioned by Father of the Nation - Quaid-e-Azam Muhammad Ali Jinnah. Due to expected r
Published 15 Aug, 2017 12:00am
CoAS visits LoC

CoAS visits LoC

Chief of Army Staff (CoAS) on Monday visited forward troops deployed at Line of Control (LoC). According to an Inter-Services Public Relations (ISPR) statement issued here, the CoAS was apprised of the recent abnormally frequent cease-fire violations from
Published 15 Aug, 2017 12:00am
CoAS visits LoC

CoAS visits LoC

Chief of Army Staff (CoAS) on Monday visited forward troops deployed at Line of Control (LoC). According to an Inter-Services Public Relations (ISPR) statement issued here, the CoAS was apprised of the recent abnormally frequent cease-fire violations from
Published 15 Aug, 2017 12:00am
PN launches mangroves plantation drive

PN launches mangroves plantation drive

Pakistan Navy (PN), in line with the vision of Govt of Pakistan launched "Pakistan Navy - Mangroves Plantation Campaign 2017" in the coastal areas of Sindh and Balochistan provinces on the eve of Independence Day. Chief of the Naval Staff, Admiral Muhamma
Published 15 Aug, 2017 12:00am
Shujaat wants to bring together all Leaguers on one platform

Shujaat wants to bring together all Leaguers on one platform

Pakistan Muslim League-Q President Chaudhry Shujaat Hussain said on Monday that his mission is to bring together all the Muslim Leaguers on one platform. After hoisting national flag and cutting a cake at Muslim League House in Lahore, he said that Nawaz
Published 15 Aug, 2017 12:00am
WAPDA celebrates 70th Independence Day

WAPDA celebrates 70th Independence Day

A ceremony was held here Monday at the WAPDA House to celebrate the 70th Independence Day with national zeal in consonance with the main flag hoisting ceremony at Islamabad. WAPDA Member (Power) Badrul Munir Murtiza hoisted the National Flag followed by t
Published 15 Aug, 2017 12:00am
PPP Senator slams JI over Zardari accountability

PPP Senator slams JI over Zardari accountability

Pakistan Peoples Party's Senator Ajiz Dhamra has said that it is ironic that Jamaat-e-Islami's Sirajul Haq is also talking about accountability of former President Asif Ali Zardari because JI had not only opposed the creation of Pakistan but also had call
Published 15 Aug, 2017 12:00am
Navy celebrates Independence Day with zeal, zest

Navy celebrates Independence Day with zeal, zest

An impressive Change of Guard ceremony was held at the mausoleum of Quaid-e-Azam Muhammad Ali Jinnah as the entire nation celebrated 70th anniversary of Independence. Smartly turned out contingent of Pakistan Naval Academy cadets, clad in ceremonial dress
Published 15 Aug, 2017 12:00am
UHS celebrates Independence Day

UHS celebrates Independence Day

The staff and students of University of Health Sciences (UHS) Lahore celebrated the 70th Independence Day with national zeal and enthusiasm. The day was marked by a flag hoisting ceremony on the campus. UHS vice-chancellor Professor Dr Junaid Sarfraz Khan
Published 15 Aug, 2017 12:00am
POF arranges various events to celebrate Independence Day

POF arranges various events to celebrate Independence Day

POF administration arranged various events to celebrate Independence Day in Wah Cantt. The day commenced with special prayers in the mosques in which prayers were offered for solidarity and prosperity of the motherland. A flag hoisting ceremony was arrang
Published 15 Aug, 2017 12:00am
PAMI to extend all out support to Punjab SP&ME department

PAMI to extend all out support to Punjab SP&ME department

Pakistan Association of Private Medical and Dental Institutions (PAMI) would extend all out support to the specialized healthcare & medical education (SP&ME) department Punjab to provide medical treatment to the patients referred by the public sector teac
Published 15 Aug, 2017 12:00am
Independence Day celebrated in KP, Fata amid tight security

Independence Day celebrated in KP, Fata amid tight security

Like other parts of the country, the Pakistan's 70th Independence Day was observed on Monday in Khyber Pakhtunkhwa, the Federally Administered Tribal Areas with national zeal under tight security arrangements. Workers of different political parties, trade
Published 15 Aug, 2017 12:00am
Judiciary always ready to face criticism: LHC CJ

Judiciary always ready to face criticism: LHC CJ

Lahore High Court Chief Justice Syed Mansoor Ali Shah has said that judiciary is an independent institution but it is always ready to face criticism. He stated this while addressing a ceremony to mark 71st Independence Day held at the LHC. The Chief Justi
Published 15 Aug, 2017 12:00am
Judiciary always ready to face criticism: LHC CJ

Judiciary always ready to face criticism: LHC CJ

Lahore High Court Chief Justice Syed Mansoor Ali Shah has said that judiciary is an independent institution but it is always ready to face criticism. He stated this while addressing a ceremony to mark 71st Independence Day held at the LHC. The Chief Justi
Published 15 Aug, 2017 12:00am
Six FC personnel martyred in Harnai

Six FC personnel martyred in Harnai

An explosion targeting a security forces vehicle in Balochistan's Harnai district on Monday evening resulted in the martyrdom of six security personnel and injuries to three others, according to Aaj News. The injured were rushed to Quetta for medical trea
Published 15 Aug, 2017 12:00am
Six FC personnel martyred in Harnai

Six FC personnel martyred in Harnai

An explosion targeting a security forces vehicle in Balochistan's Harnai district on Monday evening resulted in the martyrdom of six security personnel and injuries to three others, according to Aaj News. The injured were rushed to Quetta for medical trea
Published 15 Aug, 2017 12:00am
At least 18 dead in Burkina Faso restaurant attack

At least 18 dead in Burkina Faso restaurant attack

More than 18 people, including at least eight foreigners were shot dead in a Turkish restaurant in Burkina Faso, officials said Monday, in the latest attack in West Africa to target a spot popular with expatriates. There has been no claim of responsibilit
Published 15 Aug, 2017 12:00am
At least 18 dead in Burkina Faso restaurant attack

At least 18 dead in Burkina Faso restaurant attack

More than 18 people, including at least eight foreigners were shot dead in a Turkish restaurant in Burkina Faso, officials said Monday, in the latest attack in West Africa to target a spot popular with expatriates. There has been no claim of responsibilit
Published 15 Aug, 2017 12:00am
312 dead as mudslides, flooding sweep through Sierra Leone capital

312 dead as mudslides, flooding sweep through Sierra Leone capital

At least 312 people were killed and more than 2,000 left homeless on Monday when heavy flooding hit Sierra Leone's capital of Freetown, leaving morgues overflowing and residents desperately searching for loved ones. An AFP journalist at the scene saw bodi
Published 15 Aug, 2017 12:00am
312 dead as mudslides, flooding sweep through Sierra Leone capital

312 dead as mudslides, flooding sweep through Sierra Leone capital

At least 312 people were killed and more than 2,000 left homeless on Monday when heavy flooding hit Sierra Leone's capital of Freetown, leaving morgues overflowing and residents desperately searching for loved ones. An AFP journalist at the scene saw bodi
Published 15 Aug, 2017 12:00am
Trump set to up ante with China over trade ties

Trump set to up ante with China over trade ties

President Donald Trump on Monday was poised to ratchet up trade tensions with China, announcing the start of an investigation into Beijing's trade practices on intellectual property at a time when relations are already strained over North Korea. In the af
Published 15 Aug, 2017 12:00am
Trump set to up ante with China over trade ties

Trump set to up ante with China over trade ties

President Donald Trump on Monday was poised to ratchet up trade tensions with China, announcing the start of an investigation into Beijing's trade practices on intellectual property at a time when relations are already strained over North Korea. In the af
Published 15 Aug, 2017 12:00am
Trump set to up ante with China over trade ties

Trump set to up ante with China over trade ties

President Donald Trump on Monday was poised to ratchet up trade tensions with China, announcing the start of an investigation into Beijing''s trade practices on intellectual property at a time when relations are already strained over North Korea. In the a
Published 15 Aug, 2017 12:00am
Indians hack government websites

Indians hack government websites

Indian hackers hacked various official websites of the government departments on the occasion of Pakistan's Independence Day, Aaj News reported on Monday. The official websites of the ministries of Defence, Information, Defence Production, Law, Inter- Pro
Published 15 Aug, 2017 12:00am
Indians hack government websites

Indians hack government websites

Indian hackers hacked various official websites of the government departments on the occasion of Pakistan's Independence Day, Aaj News reported on Monday. The official websites of the ministries of Defence, Information, Defence Production, Law, Inter- Pro
Published 15 Aug, 2017 12:00am
Indians hack government websites

Indians hack government websites

Indian hackers hacked various official websites of the government departments on the occasion of Pakistan''s Independence Day, Aaj News reported on Monday. The official websites of the ministries of Defence, Information, Defence Production, Law, Inter- Pr
Published 15 Aug, 2017 12:00am
Commonwealth Bank boss to retire amid laundering claims
Exchange

Commonwealth Bank boss to retire amid laundering claims

The chief executive of Australia's biggest bank, the Commonwealth, will retire, the company said Monday, amid pressure from regulators over alleged breaches of laws on money laundering and terrorism financing. The bank's chairwoman Catherine Livingstone s
Published 15 Aug, 2017 12:00am
Commonwealth Bank boss to retire amid laundering claims
Exchange

Commonwealth Bank boss to retire amid laundering claims

The chief executive of Australia's biggest bank, the Commonwealth, will retire, the company said Monday, amid pressure from regulators over alleged breaches of laws on money laundering and terrorism financing. The bank's chairwoman Catherine Livingstone s
Published 15 Aug, 2017 12:00am
Commonwealth Bank boss to retire amid laundering claims
Exchange

Commonwealth Bank boss to retire amid laundering claims

The chief executive of Australia''s biggest bank, the Commonwealth, will retire, the company said Monday, amid pressure from regulators over alleged breaches of laws on money laundering and terrorism financing. The bank''s chairwoman Catherine Livingstone
Published 15 Aug, 2017 12:00am
SBP governor asks banks to lend more to SMEs

SBP governor asks banks to lend more to SMEs

State Bank of Pakistan (SBP) Governor Tariq Bajwa Monday asked banks to focus on more financing to Small and Medium Enterprises (SMEs) for higher GDP growth. Addressing a flag hoisting ceremony at SBP Karachi Headquarters on independence day Monday, Bajwa
Published 15 Aug, 2017 12:00am
SBP governor asks banks to lend more to SMEs

SBP governor asks banks to lend more to SMEs

State Bank of Pakistan (SBP) Governor Tariq Bajwa Monday asked banks to focus on more financing to Small and Medium Enterprises (SMEs) for higher GDP growth. Addressing a flag hoisting ceremony at SBP Karachi Headquarters on independence day Monday, Bajwa
Published 15 Aug, 2017 12:00am
SBP governor asks banks to lend more to SMEs

SBP governor asks banks to lend more to SMEs

State Bank of Pakistan (SBP) Governor Tariq Bajwa Monday asked banks to focus on more financing to Small and Medium Enterprises (SMEs) for higher GDP growth. Addressing a flag hoisting ceremony at SBP Karachi Headquarters on independence day Monday, Bajwa
Published 15 Aug, 2017 12:00am
Malaysian princess marries Dutchman in lavish ceremony

Malaysian princess marries Dutchman in lavish ceremony

The daughter of one of Malaysia's most powerful sultans married her Dutch fiance Monday in a tradition-filled ceremony during a day of lavish celebrations witnessed by crowds of excited well-wishers. Princess Tunku Tun Aminah Sultan Ibrahim, 31, the only
Published 15 Aug, 2017 12:00am
Malaysian princess marries Dutchman in lavish ceremony

Malaysian princess marries Dutchman in lavish ceremony

The daughter of one of Malaysia's most powerful sultans married her Dutch fiance Monday in a tradition-filled ceremony during a day of lavish celebrations witnessed by crowds of excited well-wishers. Princess Tunku Tun Aminah Sultan Ibrahim, 31, the only
Published 15 Aug, 2017 12:00am
Huge trade deficit: no solution in sight?

Huge trade deficit: no solution in sight?

Pakistan's trade deficit increased in July 2017 by an extremely disturbing 55.46 percent compared to July 2016, according to data released by the Pakistan Bureau of Statistics (PBS). Compared to June 2017 data July data revealed that exports continued the
Published 15 Aug, 2017 12:00am
For the record

For the record

Addressing his supporters at various points on his way back home via the GT Road, ousted prime minister Nawaz Sharif has been complaining of being meted out unfair treatment, pointing an accusatory finger at the judiciary and, indirectly, at the military.
Published 15 Aug, 2017 12:00am
Income tax: some key facts

Income tax: some key facts

The key facts and figures on the income tax system of Pakistan are presented below. These facts will be useful in launching a nationwide campaign for raising more revenues and in identifying the major reforms. Pakistan has a relatively low income tax-to-G
Published 15 Aug, 2017 12:00am
70, and counting...

70, and counting...

Watching the usual proliferation of flags, buntings and young people out in cars and on motorbikes to celebrate Pakistan's Independence Day, with special importance this year because the country has completed 70 years in its journey, one hesitates to damp
Published 15 Aug, 2017 12:00am
Voters sense betrayal in Britain's Brexit heartlands

Voters sense betrayal in Britain's Brexit heartlands

There is a whiff of betrayal in the air across Britain's Brexit heartlands where many impatient voters fear Prime Minister Theresa May is going soft on implementing last year's decision to leave the European Union. May's gamble in calling a snap election
Published 15 Aug, 2017 12:00am
'We have to save the country from unrest and crises'

'We have to save the country from unrest and crises'

The last quarter of last year deserves attention for one to fully appreciate the current political situation in the country. Pakistan Tehreek-e-Insaf Chairman Imran Khan had backed down from a threat to paralyse the capital, although he lacked required po
Published 15 Aug, 2017 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold prices fell by half a percent on Monday, retreating from last week's two-month highs, as dollar strength and the easing of tensions between the United States and North Korea pushed prices lower. Though North Korea's Liberation Day celebration on Tues
Published 15 Aug, 2017 12:00am
Wheat, soya extend losses

Wheat, soya extend losses

US grain and soya futures fell further on Monday as technical selling and outlooks for favorable crop weather continued to pressure prices following steep declines last week. MGEX spring wheat futures plummeted by about 4 percent, with the September contr
Published 15 Aug, 2017 12:00am
Gold drops in Europe as North Korea tensions ease

Gold drops in Europe as North Korea tensions ease

Gold dropped by half a percent on Monday, retreating from last week's two-month highs under pressure from a strengthening dollar and a slight easing of tensions between the United States and North Korea. Though North Korea's Liberation Day celebration on
Published 15 Aug, 2017 12:00am
Gold slips in Asia
Exchange

Gold slips in Asia

Gold fell on Monday as the dollar inched up from last week's lows, but held near two-month highs touched on Friday as investors kept a close watch on any developments on tensions over the Korean peninsula. Spot gold was down 0.2 percent at $1,286.39 per o
Published 15 Aug, 2017 12:00am
Cocoa, coffee drop; sugar moves higher

Cocoa, coffee drop; sugar moves higher

Cocoa futures dipped to a one-month low on Monday, pressured by broad commodity weakness and a firmer dollar. Coffee prices also slipped, while sugar closed up. The most-active December New York cocoa contract settled down $57, or 2.9 percent, at $1,920 p
Published 15 Aug, 2017 12:00am
Malaysian palm oil falls
Vegetable Oil

Malaysian palm oil falls

Malaysian palm oil futures fell on Monday for the first time in five sessions as sentiment took a hit from India's plans to raise import taxes on crude and refined edible oils. India, the world's largest buyer of vegetable oils, doubled the import tax on
Published 15 Aug, 2017 12:00am
Brazil produces record amount of sugar in the second half of July

Brazil produces record amount of sugar in the second half of July

Brazil's center-south region produced 3.41 million tonnes of sugar in the second half of July, the most for a 15-day period, as very dry weather allowed mills to work around the clock in the world's largest cane belt. Sugar production in the period surpas
Published 15 Aug, 2017 12:00am
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