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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-02-04
Drought damages Argentine soya, corn yields
Exchange

Drought damages Argentine soya, corn yields

Argentina's parched corn- and soya-growing areas will remain dry in the days ahead, forecasters said on Wednesday as farmers calculated yield losses caused by a three-month-long drought that was expected to get worse before it gets better.
Published 04 Feb, 2018 12:00am
Indian rice prices surge to over six-year high
Exchange

Indian rice prices surge to over six-year high

Rice prices in India, the world's biggest exporter of the staple, extended a recent rally this week to reach their highest in 6-1/2 years on robust overseas demand and limited supply amid a stronger local currency. "Inquiries have risen from Asian and Afr
Published 04 Feb, 2018 12:00am
Cotton market: modest business seen after PCGA report
Cotton

Cotton market: modest business seen after PCGA report

Some mills and spinners took interest in fresh buying on the cotton market on Saturday following the Pakistan Cotton Ginners Association (PCGA) fortnightly report, showing better phutti arrivals, dealers said. The official spot rate was unmoved at Rs 7,30
Published 04 Feb, 2018 12:00am
Palm oil slips on European vegoils market
Vegetable Oil

Palm oil slips on European vegoils market

Palm oil on the European vegetable oils market eased slightly on Thursday but trade was quiet due to the absence of direction from Malaysian palm oil futures because of a public holiday. Asking prices for palm oil were mostly between unchanged and $2.50 a
Published 04 Feb, 2018 12:00am
European gasoline margins regain some ground

European gasoline margins regain some ground

Gasoline refining margins in northwest Europe regained some ground on Thursday as demand in West Africa helped to offset a lack of interest in the United States. Demand in West Africa continued to underpin gasoline margins in Europe, with at least two new
Published 04 Feb, 2018 12:00am
CBOT wheat eases on profit-taking

CBOT wheat eases on profit-taking

Chicago Board of Trade wheat futures eased on Thursday in a profit-taking setback from three-month highs posted earlier in the week and as government data showed weekly export sales fell short of expectations. The market remains underpinned by drought con
Published 04 Feb, 2018 12:00am
Canadian canola futures down

Canadian canola futures down

ICE Canadian canola futures dipped on Thursday for a second straight day, following weakness in soyabeans on improved weather for South American soya regions. Canola is following outside markets, due to limited canola export sales and cash selling by farm
Published 04 Feb, 2018 12:00am
Vietnam coffee market dull, Indonesian exports fall

Vietnam coffee market dull, Indonesian exports fall

Vietnam's coffee market was subdued on Thursday, although prices rebounded later in the session and pulled in buyers, traders said, while Indonesia's coffee exports declined for a fifth straight month. Exports from Lampung, Indonesia's largest coffee-grow
Published 04 Feb, 2018 12:00am
EU wheat futures fall to week low

EU wheat futures fall to week low

Euronext wheat futures fell for a second day in a row on Thursday, touching their lowest in a week, as traders set poor crop conditions in the United States against large global grain supplies and stiff export competition. March milling wheat on Paris-bas
Published 04 Feb, 2018 12:00am
India's gold demand picks up after tax announcement

India's gold demand picks up after tax announcement

Demand for physical gold improved this week in India as jewellers resumed purchases after the government kept import taxes on the precious metal unchanged, while buying remained subdued in most other centres in Asia. Jewellers in India had delayed purchas
Published 04 Feb, 2018 12:00am
LatAm markets fall
Exchange

LatAm markets fall

Latin American markets retreated on Friday after data showing US job growth surged in January and wages increased, lifting expectations of faster US interest rate hikes, which could dampen demand for risky emerging market assets. The robust employment rep
Published 04 Feb, 2018 12:00am
Rising bond yields not high enough yet to spook investors
Mutual Funds

Rising bond yields not high enough yet to spook investors

The jump in US Treasury yields to more than three-year highs is pushing fund managers to sell interest-rate sensitive utility and real estate stocks, but does not yet threaten to derail the nine year-long bull market in US equities or slow down the broade
Published 04 Feb, 2018 12:00am
Rising bond yields not high enough yet to spook investors
Mutual Funds

Rising bond yields not high enough yet to spook investors

The jump in US Treasury yields to more than three-year highs is pushing fund managers to sell interest-rate sensitive utility and real estate stocks, but does not yet threaten to derail the nine year-long bull market in US equities or slow down the broade
Published 04 Feb, 2018 12:00am
Middle East funds positive on Saudi equities, negative on UAE

Middle East funds positive on Saudi equities, negative on UAE

Middle East fund managers expect to pump more money into Saudi Arabian equities in coming months but they are on balance negative towards several other major Gulf bourses, a Reuters poll showed on Wednesday. The monthly poll of 13 leading regional fund ma
Published 04 Feb, 2018 12:00am
Middle East funds positive on Saudi equities, negative on UAE

Middle East funds positive on Saudi equities, negative on UAE

Middle East fund managers expect to pump more money into Saudi Arabian equities in coming months but they are on balance negative towards several other major Gulf bourses, a Reuters poll showed on Wednesday. The monthly poll of 13 leading regional fund ma
Published 04 Feb, 2018 12:00am
Global funds cut stocks, fear inflation could puncture complacency

Global funds cut stocks, fear inflation could puncture complacency

Global investors trimmed equity holdings by 1.2 percentage points in January, concerned that markets have grown complacent after a thundering bull run and seeing risks of an inflation wake-up call. Reuters' monthly asset allocation poll of 50 wealth manag
Published 04 Feb, 2018 12:00am
Global funds cut stocks, fear inflation could puncture complacency

Global funds cut stocks, fear inflation could puncture complacency

Global investors trimmed equity holdings by 1.2 percentage points in January, concerned that markets have grown complacent after a thundering bull run and seeing risks of an inflation wake-up call. Reuters' monthly asset allocation poll of 50 wealth manag
Published 04 Feb, 2018 12:00am
Etihad scrambles to shore up $1.2 billion bonds

Etihad scrambles to shore up $1.2 billion bonds

Etihad Airways is urgently examining ways to avert a technical default of some $1.2 billion in bonds indirectly linked to the Gulf airline, sources close tto the situation told Reuters An Amsterdam-based special purpose vehicle called SPV Equity Alliance
Published 04 Feb, 2018 12:00am
Etihad scrambles to shore up $1.2 billion bonds

Etihad scrambles to shore up $1.2 billion bonds

Etihad Airways is urgently examining ways to avert a technical default of some $1.2 billion in bonds indirectly linked to the Gulf airline, sources close tto the situation told Reuters An Amsterdam-based special purpose vehicle called SPV Equity Alliance
Published 04 Feb, 2018 12:00am
European bond yields rise

European bond yields rise

Eurozone bond yields extended their rise on Friday after US payroll data indicated that annual wage growth in the world's biggest economy was the strongest since 2009. US job growth surged in January and wages increased further, recording their largest an
Published 04 Feb, 2018 12:00am
European bond yields rise

European bond yields rise

Eurozone bond yields extended their rise on Friday after US payroll data indicated that annual wage growth in the world's biggest economy was the strongest since 2009. US job growth surged in January and wages increased further, recording their largest an
Published 04 Feb, 2018 12:00am
Morgan Stanley, UBS to lead software firm Avast float in London

Morgan Stanley, UBS to lead software firm Avast float in London

The owner of Avast Software has chosen Morgan Stanley and UBS to list the antivirus software business in a multi-million dollar initial public offering in London, sources familiar with the matter said. The banks and CVC Capital Partners, which took contro
Published 04 Feb, 2018 12:00am
Morgan Stanley, UBS to lead software firm Avast float in London

Morgan Stanley, UBS to lead software firm Avast float in London

The owner of Avast Software has chosen Morgan Stanley and UBS to list the antivirus software business in a multi-million dollar initial public offering in London, sources familiar with the matter said. The banks and CVC Capital Partners, which took contro
Published 04 Feb, 2018 12:00am
TSX hits 4-month low
Exchange

TSX hits 4-month low

Canada's main stock index slumped to a four-month low on Friday, with natural resource shares leading broad based declines as commodity prices dropped and higher bond yields pressured global equity markets. US crude prices were down 1.1 percent at $65.09
Published 04 Feb, 2018 12:00am
Dow sees worst day in two years as bond yields jump
Exchange

Dow sees worst day in two years as bond yields jump

Worries about the impact of a tightening job market on the prospects for inflation and a surge in bond yields sent investors fleeing equities on Friday, with the Dow Jones Industrials Average swooning almost 666 points, for its biggest daily percentage lo
Published 04 Feb, 2018 12:00am
Dow sees worst day in two years as bond yields jump
Exchange

Dow sees worst day in two years as bond yields jump

Worries about the impact of a tightening job market on the prospects for inflation and a surge in bond yields sent investors fleeing equities on Friday, with the Dow Jones Industrials Average swooning almost 666 points, for its biggest daily percentage lo
Published 04 Feb, 2018 12:00am
Passenger air travel to level off in 2018

Passenger air travel to level off in 2018

Passenger demand for air travel is likely to level off this year after a strong increase in 2017, the International Air Transport Association said Thursday. International passenger traffic rose 7.9 percent last year, well above the annual average growth s
Published 04 Feb, 2018 12:00am
Sierra Leone says relations with IMF 'normal' after suspended payout

Sierra Leone says relations with IMF 'normal' after suspended payout

Sierra Leone's finance minister on Friday played down a decision by the IMF to delay a disbursement because of the West African country's failure to improve revenue collection, saying the fund would return in May to discuss the programme. The IMF said on
Published 04 Feb, 2018 12:00am
Airbus tests self-flying taxi

Airbus tests self-flying taxi

Airbus said Friday that it had successfully held the first test flights of the Vahana, an electric, pilotless flying vehicle that it hopes will be able to ferry people around cities. The Wednesday flight at a test range in the US state of Oregon lasted ju
Published 04 Feb, 2018 12:00am
Russia returned to growth in 2017

Russia returned to growth in 2017

Russia returned to growth in 2017 after two years of recession but the figure released less than two months before the presidential election fell short of government targets, official statistics published Thursday showed. Gross domestic product grew 1.5 p
Published 04 Feb, 2018 12:00am
Canada's job market had its best year since 2002, revisions show

Canada's job market had its best year since 2002, revisions show

Canadian job growth in 2017 was revised slightly higher, data from Statistics Canada showed on Friday, confirming a stellar year for the country's labor market, though economists expect the rampant pace of employment will soon start to moderate.
Published 04 Feb, 2018 12:00am
Daimler, Bosch to test self-driving cars soon

Daimler, Bosch to test self-driving cars soon

Daimler and automotive supplier Robert Bosch will start testing self-driving so-called robo-taxis in the next few months, senior executives told a German weekly. Mercedes-Benz owner Daimler and Bosch teamed up last year to develop self-driving cars in an
Published 04 Feb, 2018 12:00am
UK to probe airlines deliberately seating passenger groups apart

UK to probe airlines deliberately seating passenger groups apart

Britain's Civil Aviation Authority (CAA) said on Saturday it was beginning a review into airlines' seating policies, including whether some operators were deliberating splitting up groups of passengers travelling together. Some customers have complained t
Published 04 Feb, 2018 12:00am
Sony profits soar more than tenfold, forecast revised up

Sony profits soar more than tenfold, forecast revised up

Sony said Friday its nine-month profit had soared more than tenfold, and upgraded its annual profit forecast, cementing a roaring recovery for the once-ailing tech titan of Japan Inc. With its financial health back on track after years of deep losses, Son
Published 04 Feb, 2018 12:00am
Sony profits soar more than tenfold, forecast revised up

Sony profits soar more than tenfold, forecast revised up

Sony said Friday its nine-month profit had soared more than tenfold, and upgraded its annual profit forecast, cementing a roaring recovery for the once-ailing tech titan of Japan Inc. With its financial health back on track after years of deep losses, Son
Published 04 Feb, 2018 12:00am
Apple overtakes Samsung in shrinking smartphone market

Apple overtakes Samsung in shrinking smartphone market

Apple overtook Samsung in the fourth quarter as the largest smartphone producer in a declining global market for handsets, a research firm said Friday. A survey by research firm IDC showed Apple - which reported its quarterly data Thursday - led all vendo
Published 04 Feb, 2018 12:00am
Vodafone eyes European asset buy from Liberty Global

Vodafone eyes European asset buy from Liberty Global

British mobile phone giant Vodafone on Friday said it is in talks to buy European assets of US peer Liberty Global, dismissing reports the pair are planning a full merger. "Vodafone confirms that it is in early stage discussions with Liberty Global regard
Published 04 Feb, 2018 12:00am
Ethiopia lifts ban on domestic workers moving overseas

Ethiopia lifts ban on domestic workers moving overseas

Ethiopia has lifted a ban on domestic workers moving overseas after passing a new law to guard against ill-treatment, a government official said Thursday. Africa's second-most populous country instituted the ban five years ago following reports of abuse,
Published 04 Feb, 2018 12:00am
Fed orders Wells Fargo to halt growth over compliance issues
Currency

Fed orders Wells Fargo to halt growth over compliance issues

The Federal Reserve ordered Wells Fargo on Friday to halt its growth until it fixes systemic compliance problems that led to consumer abuses, in an unprecedented move that saw the lender's shares fell sharply in after hours trading. The Federal Reserve Bo
Published 04 Feb, 2018 12:00am
Morocco plans no more currency reforms for now as dirham stable
Exchange

Morocco plans no more currency reforms for now as dirham stable

Morocco has no immediate plans for more currency reforms as the dirham has remained stable under a new flexible exchange system, its finance minister said on Tuesday. The kingdom made the changes two weeks ago under free-market reforms recommended by the
Published 04 Feb, 2018 12:00am
Russia to increase FX purchases in February
Exchange

Russia to increase FX purchases in February

Russia's finance ministry is expected to increase purchases of foreign currency in February to a record high as oil prices rise, according to a Reuters poll. The median forecast of eight analysts polled by Reuters was for the ministry to buy an equivalent
Published 04 Feb, 2018 12:00am
Canadian dollar suffers biggest drop in one year
Currency

Canadian dollar suffers biggest drop in one year

The Canadian dollar suffered it sharpest drop in one year against its US counterpart on Friday after a pickup in US wage growth boosted the greenback, while multi-year highs for bond yields pressured global stock markets. At 4 pm EST (2100 GMT), the Canad
Published 04 Feb, 2018 12:00am
China to launch direct yuan trading with Thai baht
Exchange

China to launch direct yuan trading with Thai baht

China will establish direct trading between its yuan currency and Thai baht to lower the cost of foreign exchange conversion, the China foreign exchange trading platform operator said on Friday. Trading between the two currencies will begin on February 5,
Published 04 Feb, 2018 12:00am
Speculators raise short US dollar bets; bitcoin shorts up
Currency

Speculators raise short US dollar bets; bitcoin shorts up

Speculators' net short US dollar bets increased in the latest week to their highest since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar position, deriv
Published 04 Feb, 2018 12:00am
Taiwan chip 'godfather' bullish on cryptocurrency
Currency

Taiwan chip 'godfather' bullish on cryptocurrency

The revered head of Taiwan's semiconductor giant said cryptocurrencies would be a key driver for growth despite a bitcoin slump due to the threat of stricter regulations. Morris Chang's Taiwan Semiconductor Manufacturing Co (TSMC) produces chips that powe
Published 04 Feb, 2018 12:00am
Philippines to develop rules on cryptocurrency trading
Exchange

Philippines to develop rules on cryptocurrency trading

The Philippines' Securities and Exchange Commission said on Monday it is crafting rules to regulate cryptocurrency transactions to protect investors and reduce the risk of fraud. The regulation, which will cover issuance and registration of cryptocurrenci
Published 04 Feb, 2018 12:00am
India vows to eliminate use of cryptocurrencies
Currency

India vows to eliminate use of cryptocurrencies

India will move to stamp out use of cryptocurrencies, which it considers illegal, Finance Minister Arun Jaitley said on Thursday, launching a no-holds-barred attack on virtual currencies such as Bitcoin. Governments around the world are grappling with how
Published 04 Feb, 2018 12:00am
Japan raids hacked crypto exchange, bitcoin plunges further
Exchange

Japan raids hacked crypto exchange, bitcoin plunges further

Japanese authorities on Friday raided virtual currency exchange Coincheck, a week after the Tokyo-based firm lost $530 million in cryptocurrency to hackers. The raid comes as bitcoin dipped below $9,000 for the first time since November after India said T
Published 04 Feb, 2018 12:00am
Asian currencies still cheap in real terms
Exchange

Asian currencies still cheap in real terms

Asian currencies are cheap in historical trade-weighted terms despite a steady rise to multi-year highs over the past year on broad US dollar weakness and strong flows into the region, analysts say. Malaysia's ringgit, for instance, has appreciated more t
Published 04 Feb, 2018 12:00am
North Korea defends military parade before Olympics

North Korea defends military parade before Olympics

North Korea on Saturday defended its plan to stage a military parade the day before the opening of the Winter Olympics in the South. Pyongyang plans to commemorate the 70th anniversary of the founding of its military on February 8. The annual parade was h
Published 04 Feb, 2018 12:00am
Bangladesh struggle after Sri Lanka's massive lead

Bangladesh struggle after Sri Lanka's massive lead

Sri Lanka spinners led by Rangana Herath took three crucial wickets late in day four to leave Bangladesh with an uphill task of saving the opening Test in Chittagong on Saturday. Bangladesh reached 81-3 at stumps, still needing 119 to make Sri Lanka bat a
Published 04 Feb, 2018 12:00am
India win U-19 World Cup

India win U-19 World Cup

Opener Manjot Kalra smacked an unbeaten 101 in even time as India easily disposed of Australia at Mount Maunganui on Sunday to win the Under-19 World Cup for a fourth time. With Kalra scoring freely, India won by eight wickets as they chased down Australi
Published 04 Feb, 2018 12:00am
Mladenovic sets up final with Kvitova

Mladenovic sets up final with Kvitova

Reigning champion Kristina Mladenovic of France battled back from a set down to beat Russia's Daria Kasatkina on Saturday to set up St Petersburg Ladies Trophy final with Czech Petra Kvitova. Fourth seed Mladenovic, ranked 10th in the world, made another
Published 04 Feb, 2018 12:00am
Davis Cup: Italy take lead against Japan

Davis Cup: Italy take lead against Japan

Italy took the lead against Japan on Saturday after the second day of their Davis Cup World Group clash as Simone Bolelli and Fabio Fognini won the doubles in style. The Italian duo thrashed Yasutaka Uchiyama and New Zealand-born Ben McLachlan 7-5, 6-7 (4
Published 04 Feb, 2018 12:00am
City made to pay for Sterling sitter by Burnley

City made to pay for Sterling sitter by Burnley

An extraordinary miss by Raheem Sterling proved the turning point as Burnley recovered to snatch a draw against runaway Premier League leaders Manchester City 1-1 at Turf Moor on Saturday. Pep Guardiola's team, leading from Danilo's first half goal, looke
Published 04 Feb, 2018 12:00am
Sterling warns stars are being 'butchered'

Sterling warns stars are being 'butchered'

Manchester City winger Raheem Sterling has hit out at the quality of officials in England, claiming players could miss the World Cup because they're being "butchered" by bad challenges. City star Leroy Sane was sidelined for up to seven weeks after a bad
Published 04 Feb, 2018 12:00am
Markram to lead South Africa as du Plessis injured

Markram to lead South Africa as du Plessis injured

Aiden Markram, 23, has been named South African captain for the remaining five one-day internationals against India, starting with the second game at SuperSport Park on Sunday. Markram takes over from regular captain Faf du Plessis, who suffered a broken
Published 04 Feb, 2018 12:00am
Lynn, Maxwell hit out in Australia T20 win over New Zealand

Lynn, Maxwell hit out in Australia T20 win over New Zealand

Power hitters Chris Lynn and Glenn Maxwell propelled Australia to a convincing seven-wicket victory over New Zealand in the first tri-series Twenty20 match at the Sydney Cricket Ground on Saturday. Lynn (44 runs from 33 balls) and Maxwell (40 not out from
Published 04 Feb, 2018 12:00am
More athletes from Russia may make it to Olympics

More athletes from Russia may make it to Olympics

Thirteen Russian athletes and two coaches banned for life for doping and then controversially cleared of wrongdoing may be headed to the Pyeongchang Olympics after all, the IOC said Saturday. Already 169 Russians have been cleared to compete as 'clean' at
Published 04 Feb, 2018 12:00am
Venezuela's Maduro gears up for re-election with party backing
Exchange

Venezuela's Maduro gears up for re-election with party backing

Venezuela's unpopular President Nicolas Maduro got the seal of approval from his ruling party Friday to stand for re-election against a weakened opposition barred from fielding a united rival candidate. The snap poll is to happen sometime before the end o
Published 04 Feb, 2018 12:00am
BBC journalist ordered to leave Indonesia's Papua over tweets

BBC journalist ordered to leave Indonesia's Papua over tweets

A BBC journalist on a reporting trip to cover a health and malnutrition crisis in Indonesia's easternmost area of Papua was forced to leave the province after the country's military said tweets she sent on her trip had "hurt soldiers' feelings".
Published 04 Feb, 2018 12:00am
Maldives shuts parliament

Maldives shuts parliament

Maldivian authorities Saturday announced an indefinite postponement of parliament as President Abdulla Yameen's regime resisted international pressure to comply with a landmark Supreme Court order to free political prisoners. The People's Majlis, or parli
Published 04 Feb, 2018 12:00am
US restricts arms transfers to bloodied South Sudan

US restricts arms transfers to bloodied South Sudan

Appalled by ongoing violence in South Sudan, Washington on Friday restricted arms transfers to the African country where tens of thousands have died in civil war. "In response to this continued violence and brutality against civilians and humanitarian wor
Published 04 Feb, 2018 12:00am
Germany's potential coalition partners wrangle over health and labour

Germany's potential coalition partners wrangle over health and labour

German Chancellor Angela Merkel's conservatives and the Social Democrats (SPD) sought to resolve disputes on healthcare and labour rules on Saturday during talks to form a government more than four months after an election. The two camps aim to seal a dea
Published 04 Feb, 2018 12:00am
Dennis Edwards, a lead voice of The Temptations, dies

Dennis Edwards, a lead voice of The Temptations, dies

Dennis Edwards, who brought a fresh voice to Motown legends The Temptations in 1968 and led classic songs such as "Papa Was a Rolling Stone," died Friday. He was 74. A representative for his management company, 21st Century Artists, confirmed his death wi
Published 04 Feb, 2018 12:00am
US, Mexico play up increased security cooperation

US, Mexico play up increased security cooperation

Secretary of State Rex Tillerson insisted Friday the US and Mexico are bolstering cooperation in the fight against drug trafficking, brushing aside concerns about the impact of his boss Donald Trump's anti-Mexican barbs. The US-Mexican relationship has be
Published 04 Feb, 2018 12:00am
Morocco jails journalist over unrest coverage

Morocco jails journalist over unrest coverage

A Moroccan court sentenced to jail a journalist for his coverage of unrest in the country's north, media watchdog Reporters Without Borders (RSF) said, calling for his release. Abdelkabir al-Horr was convicted on charges of backing "terrorism, inciting ot
Published 04 Feb, 2018 12:00am
Macron pledges aid for historic Senegal city threatened by Atlantic

Macron pledges aid for historic Senegal city threatened by Atlantic

French President Emmanuel Macron got a rousing welcome Saturday from tens of thousands as he visited the historic city of Saint-Louis, Senegal's former capital, and announced an aid package of 40 million euros for the UNESCO World Heritage site which is t
Published 04 Feb, 2018 12:00am
North Korea's Berlin embassy used to acquire nuclear tech: spy chief

North Korea's Berlin embassy used to acquire nuclear tech: spy chief

Germany's domestic intelligence agency chief has revealed North Korea has been acquiring equipment and technology for its nuclear and weapons programmes through its Berlin embassy. BfV head Hans-Georg Maassen said: "We have noticed that so many procuremen
Published 04 Feb, 2018 12:00am
Britain clamping down on suspect Russian money in UK

Britain clamping down on suspect Russian money in UK

Russian oligarchs suspected of corruption will be forced to explain their wealth in a new British clampdown on organised crime, Security and Economic Crime Minister Ben Wallace said Saturday. Officials will use new unexplained wealth orders (UWOs), which
Published 04 Feb, 2018 12:00am
Sri Lanka elephant kills top Buddhist monk

Sri Lanka elephant kills top Buddhist monk

A senior Buddhist monk died in hospital Saturday, a day after being attacked by an elephant at his own temple near the capital, police said. Bellanwila Wimalarathana, 77, was violently pushed to the ground by the tusker, but the mahout managed to prevent
Published 04 Feb, 2018 12:00am
At least five killed in clashes near Libyan oilfield

At least five killed in clashes near Libyan oilfield

Libyan forces killed three suspected Islamic State fighters near an oilfield in the southeast of the country, a local official said on Saturday. Two soldiers were also killed and five wounded during clashes over two days, one of which took place near the
Published 04 Feb, 2018 12:00am
Syrian rebels down Russian plane, kill pilot

Syrian rebels down Russian plane, kill pilot

Syrian rebels shot down a Russian warplane on Saturday and killed its pilot on the ground after he ejected from the plane, Russia's defence ministry and Syrian rebels said. The incident took place in an area of Syria's northern Idlib province that has see
Published 04 Feb, 2018 12:00am
Three more Turkish soldiers killed

Three more Turkish soldiers killed

Three more Turkish soldiers were killed Saturday in Turkey's offensive against Kurdish militia inside Syria, including one in an attack on a tank, the army said. The latest clashes brought to 10 the number of Turkish troops killed so far in operation "Oli
Published 04 Feb, 2018 12:00am
Turkey says Assad must go 'at some point'
Exchange

Turkey says Assad must go 'at some point'

Turkey on Saturday said that Syrian President Bashar al-Assad should leave office "at some point" in the future but denied there was any kind of contact between Ankara and Damascus over ending the seven year civil war. Ankara has been a prime foe of Assad
Published 04 Feb, 2018 12:00am
Arab refugees march against hate in German city hit by rising tensions

Arab refugees march against hate in German city hit by rising tensions

Arab refugees and Germans carrying pro-immigrant and anti-fascism placards marched in Cottbus on Saturday to denounce what they say are attempts by far-right groups to stoke tension in the eastern city after two knife attacks by Syrian teenagers. "We want
Published 04 Feb, 2018 12:00am
Israeli planes hit Hamas in Gaza after rocket fire
Exchange

Israeli planes hit Hamas in Gaza after rocket fire

Israeli aircraft hit a Hamas compound in the southern Gaza Strip on Saturday, after Palestinians there fired a rocket into the Jewish state, the Israeli army said. "In response to the projectile fired at southern Israel... fighter jets struck a Hamas comp
Published 04 Feb, 2018 12:00am
Low-lying Marshall Islands brace for tidal floods

Low-lying Marshall Islands brace for tidal floods

Emergency services were put on standby Saturday in Majuro, as rising king tides threatened to flood the capital of the low-lying Marshall Islands. The national weather service warned "major inundation" was possible from Saturday evening through to Tuesday
Published 04 Feb, 2018 12:00am
Suspect arrested in Italy after gun attack on foreigners

Suspect arrested in Italy after gun attack on foreigners

Italian police have arrested a far-right supporter suspected of wounding several foreigners in a drive-by shooting on Saturday, in what local media called a racially motivated attack. After the assault in the central town of Macerata, the suspect got out
Published 04 Feb, 2018 12:00am
African migrants injured in Italian drive-by shootings

African migrants injured in Italian drive-by shootings

An Italian man opened fire on African migrants in the central city of Macerata on Saturday, injuring six people in the racially motivated attack before he was captured, police said. The shootings happened just days after a Nigerian migrant was arrested in
Published 04 Feb, 2018 12:00am
No Kashmiri has ever accepted India's claim: JI

No Kashmiri has ever accepted India's claim: JI

Deputy chief of the Jamaat-e-Islami, Hafiz Muhammad Idrees, has said that Kashmir is the jugular vein of Pakistan and none of the Kashmiris had ever accepted it a part of India. Addressing a seminar on Kashmir Solidarity at Al Hamra on Saturday, he said t
Published 04 Feb, 2018 12:00am
Nawaz was biggest supporter of 'PCO judges': Kaira

Nawaz was biggest supporter of 'PCO judges': Kaira

Pakistan People's Party (PPP) Punjab President Qamar Zaman Kaira said on Saturday that Nawaz Sharif was the biggest supporter of PCO judges. "Wasn't Justice Iftikhar Ch a PCO judge?" he posed a question while talking to media after attending a prayer cere
Published 04 Feb, 2018 12:00am
Kashmir Solidarity Day will be observed on February 5

Kashmir Solidarity Day will be observed on February 5

On the directions of Punjab Govt., Kashmir Solidarity Day on February 5 will be observed throughout the district with full commitment and enthusiasm for continuing the political, moral, and diplomatic support to the Kashmiri brethrens.
Published 04 Feb, 2018 12:00am
India has imposed war on Kashmiris: Mishal

India has imposed war on Kashmiris: Mishal

Wife of All Parties Hurriyat Conference leader Yasin Malik, Mishal Malik has said that Indian forces have imposed a war on innocent people of occupied Jammu and Kashmir to suppress their voice. Addressing a ceremony in connection with Kashmir Solidarity D
Published 04 Feb, 2018 12:00am
Growers urged to participate in Kashmir Day rallies

Growers urged to participate in Kashmir Day rallies

The Kissan Board Pakistan (KBP) has urged the government to declare India the 'most dangerous nation' and raise the issue of dams being constructed by it on rivers coming from occupied Kashmir to Pakistan.
Published 04 Feb, 2018 12:00am
Bahawalpur's Noor Mahal palace opens for public

Bahawalpur's Noor Mahal palace opens for public

Punjab's state of Bahawalpur is famous for its majestically well-preserved palace, the Noor Mahal, which is now open for public. People can now visit and be enchanted by the architectural magnificence of the palace that is remembered as a symbol of love.
Published 04 Feb, 2018 12:00am
PU IAGS organises seminar on pest control

PU IAGS organises seminar on pest control

Punjab University Institute of Agricultural Sciences has organized an international seminar on "Pest (Termite) Control in Food Processing Industries."
Published 04 Feb, 2018 12:00am
LGH Nursing College secures 100pc results

LGH Nursing College secures 100pc results

Nursing College of Lahore General Hospital (LGH) has secured 100 percent result in the third year while its two students also got honour. As many as 12 students' attained marks more than 400 which is record for this institution, Principal Post Graduate Me
Published 04 Feb, 2018 12:00am
Zardari arrives in Lahore

Zardari arrives in Lahore

Pakistan People's Party (PPP) Co-chairman Asif Ali Zardari arrived in Lahore on Saturday evening. He was taken to Bilawal House soon after his arrival where he held marathon meetings with party leadership from Punjab and Lahore city to finalize arrangemen
Published 04 Feb, 2018 12:00am
Shahbaz vows to continue fight against cancer

Shahbaz vows to continue fight against cancer

Punjab Chief Minister Muhammad Shahbaz Sharif on Saturday said the Punjab government has taken effective measures for early diagnosis, preventive measures and provision of free medicines to the cancer patients. In his message on World Cancer Day, Shahbaz
Published 04 Feb, 2018 12:00am
Punjab government to provide Rs 50 billion medicines to cancer patients

Punjab government to provide Rs 50 billion medicines to cancer patients

The Punjab government in collaboration with Novartis Pharma International would provide medicines of Rs 50 billion to the cancer patients free of cost during the next five years for which the 'Chief Minister Punjab Cancer Control Project' has been expende
Published 04 Feb, 2018 12:00am
Full cooperation will be extended to NAB: NHA

Full cooperation will be extended to NAB: NHA

The National Highway Authority (NHA), in response to media reports regarding inquiry by National Accountability Bureau (NAB) about alleged irregularities in award of contracts for Peshawar-Karachi Motorway (PKM) project has maintained that complete cooper
Published 04 Feb, 2018 12:00am
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