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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-02-06
Brexit 'uncertainty' drags Tata Motors profits

Brexit 'uncertainty' drags Tata Motors profits

Indian carmaker Tata Motors, the owner of Jaguar Land Rover, said Monday "Brexit uncertainty" in Britain had affected overall quarterly profits as its earnings came in well below analysts' expectations. The Mumbai-based manufacturer reported an almost 13-
Published 06 Feb, 2018 12:00am
Eurozone businesses began year in best shape for over a decade

Eurozone businesses began year in best shape for over a decade

Eurozone businesses began 2018 by increasing activity faster than at any time in well over a decade as new orders surged despite firms raising prices at the steepest rate in almost seven years, a survey showed. The euro zone emerged as one of the best-per
Published 06 Feb, 2018 12:00am
German union accepts ThyssenKrupp, Tata guarantees

German union accepts ThyssenKrupp, Tata guarantees

German workers approved Monday their union's results in talks with India's Tata Steel and ThyssenKrupp's steel division ahead of a planned merger - but the vote does not remove all obstacles to the tie-up. Some 92.2 percent of IG Metall members polled agr
Published 06 Feb, 2018 12:00am
IATA chief warns about rising cost of airport expansion

IATA chief warns about rising cost of airport expansion

The "skyrocketing" costs of expanding airport infrastructure must be controlled to keep flight tickets affordable, the boss of airline industry group IATA warned Monday. Alexandre de Juniac called for more modest developments to keep construction costs do
Published 06 Feb, 2018 12:00am
Alibaba buys stake in Wanda Film

Alibaba buys stake in Wanda Film

Troubled Chinese conglomerate Wanda announced Monday that e-commerce giant Alibaba has agreed to buy a stake in its cinema division for around $750 million, the latest sell-off by the heavily-indebted group. Wanda Film said in a regulatory filing that Ali
Published 06 Feb, 2018 12:00am
Ryanair profits rise

Ryanair profits rise

Ireland's troubled Ryanair said Monday that quarterly net profits rose 12 percent despite a cancellations crisis, but warned Britain was under-estimating the risk of "serious disruption" to flights following Brexit. Profit after tax increased to 106 milli
Published 06 Feb, 2018 12:00am
Dubai airport retains top international spot in 2017

Dubai airport retains top international spot in 2017

Dubai airport was the world's busiest for international passengers in 2017 for the fourth year running, with 88.2 million travellers, a statement said on Monday. International traffic at the UAE airport increased by 4.6 million passengers or 5.5 percent c
Published 06 Feb, 2018 12:00am
Broadcom sweetens bid for Qualcomm to $121 billion

Broadcom sweetens bid for Qualcomm to $121 billion

Broadcom raised its bid for rival computer chipmaker Qualcomm on Monday to $121 billion, offering the richest-ever takeover effort in the tech sector in an effort to become the dominant player in the fast-growing market for connected devices. Singapore-ba
Published 06 Feb, 2018 12:00am
Powell sworn in as 16th US Federal Reserve chair

Powell sworn in as 16th US Federal Reserve chair

Former investment banker Jerome "Jay" Powell was sworn in Monday as the 16th leader of the US Federal Reserve, taking a key role in overseeing the world's largest economy. Perhaps the wealthiest Fed chair ever, Powell, 65, takes the reins of monetary poli
Published 06 Feb, 2018 12:00am
US services sector activity jumps to 12-1/2-year high

US services sector activity jumps to 12-1/2-year high

US services sector activity raced to a near 12-1/2-year high in January, buoyed by robust growth in new orders, the latest sign of strong momentum in the economy at the start of the year. Economic growth is showing strength even before the stimulus from a
Published 06 Feb, 2018 12:00am
Tokyo stocks slump

Tokyo stocks slump

Tokyo stocks lost more than two percent on Monday, with investor sentiment weighed down by a sell-off on Wall Street at the end of last week. The benchmark Nikkei 225 index fell 2.55 percent, or 592.45 points, to close at 22,682.08. The broader Topix inde
Published 06 Feb, 2018 12:00am
Australian, New Zealand shares tumble

Australian, New Zealand shares tumble

Australian shares fell back on Monday, dragged down by financial and materials stocks and tracking Wall Street which tumbled on fears of resurgent inflation stoked by a strong jobs report. The S&P/ASX 200 index slid 1.6 percent, or 95.2 points to 6026.2 a
Published 06 Feb, 2018 12:00am
Southeast Asian market plunge

Southeast Asian market plunge

Southeast Asian stock markets plunged on Monday as rising US bond yields on worries over the prospect of higher interest rates rattled equity investors, with Vietnam shedding five percent to record its steepest fall in nearly two-and-a-half years. Asian s
Published 06 Feb, 2018 12:00am
World bond market rout pauses
Currency

World bond market rout pauses

Long-term borrowing costs in Germany, the euro zone's biggest economy, pulled back from around two-year highs on Monday as bond investors paused for thought after a sharp sell-off prompted by fears about resurgent inflation. Friday's US payrolls report sh
Published 06 Feb, 2018 12:00am
World bond market rout pauses
Currency

World bond market rout pauses

Long-term borrowing costs in Germany, the euro zone's biggest economy, pulled back from around two-year highs on Monday as bond investors paused for thought after a sharp sell-off prompted by fears about resurgent inflation. Friday's US payrolls report sh
Published 06 Feb, 2018 12:00am
China stocks defy global downtrend, Hong Kong cuts losses

China stocks defy global downtrend, Hong Kong cuts losses

Chinese shares bucked the region's tumble on Monday sparked by a slide on Wall Street, as investors scooped up blue chips such as banks, while a surge of funds to Hong Kong from the mainland helped the city's stock index pare earlier losses. Cross-border
Published 06 Feb, 2018 12:00am
Inflation threat deepens European equity sell-off

Inflation threat deepens European equity sell-off

European stocks suffered a sharp sell-off on Monday as growing inflation expectations and rising bond yields took their toll on equity markets. Europe's STOXX 600 fell 1.6 percent to close at its lowest level since mid-November 2017. It was its sixth stra
Published 06 Feb, 2018 12:00am
Indian shares fall

Indian shares fall

Indian shares fell for a fifth straight session on Monday in line with broader Asia following a US market rout on Friday, while worries remained that the Reserve Bank of India would turn more hawkish at its policy meeting later this week. The BSE index fe
Published 06 Feb, 2018 12:00am
Broad sell-off sends to two-month lows

Broad sell-off sends to two-month lows

The UK's top share index fell to its lowest level in around two months on Monday as worries over inflation and rising bond yields took their toll on global equity markets and a survey showed Britain's economy slowed sharply in January. The FTSE lost 1.4 p
Published 06 Feb, 2018 12:00am
Canadian dollar hits near two-week low
Currency

Canadian dollar hits near two-week low

The Canadian dollar slipped to a nearly two-week low against its US counterpart on Monday as a selloff in equity markets continued and oil prices fell. At 9:14 am EST (1414 GMT), the Canadian dollar was trading 0.2 percent lower at C$1.2458 to the greenba
Published 06 Feb, 2018 12:00am
Bank of Ghana sees more stable cedi in 2018
Exchange

Bank of Ghana sees more stable cedi in 2018

Ghana's cedi will be more stable in 2018 than last year, helped by lower inflation outlook and higher oil production, the central bank said on Monday. The currency of the major commodity exporter declined 4.88 percent to the dollar in 2017, its best perfo
Published 06 Feb, 2018 12:00am
Asian forex: most currencies weaken

Asian forex: most currencies weaken

Most Asian currencies weakened on Monday as the dollar consolidated gains made after data showed US wages rose at their fastest in more than 8-1/2 years, fuelling expectations and higher interest rates. The dollar index against a basket of six major curre
Published 06 Feb, 2018 12:00am
Dollar steadies in Asia
Currency

Dollar steadies in Asia

The dollar steadied on Monday after rallying on upbeat US jobs data, which sent bond yields surging on the prospects of increasing inflation and hammered equities. The dollar index against a basket of six major currencies stood little changed at 89.127 af
Published 06 Feb, 2018 12:00am
Early trade in New York: euro trims losses
Currency

Early trade in New York: euro trims losses

The euro pared some losses against the dollar on Monday after European Central Bank President Mario Draghi said the euro zone economy has strengthened enough to lift regional inflation towards the ECB's 2-percent goal. At 11:18 am (1618 GMT), the single c
Published 06 Feb, 2018 12:00am
Dollar's rebound fizzles in Europe despite jobs data boost
Currency

Dollar's rebound fizzles in Europe despite jobs data boost

The dollar remained mired near three-year lows on Monday after rebounding at the end of last week as resurgent US wage inflation data failed to quell scepticism among investors about the currency's outlook. A strong US jobs report on Friday showed wages g
Published 06 Feb, 2018 12:00am
Sudan devalues pound to 30 against US dollar
Exchange

Sudan devalues pound to 30 against US dollar

Sudan's central bank Sunday announced it will devalue the local currency to 30 Sudanese pounds against the US dollar, the second such move in weeks amid soaring inflation. The new official exchange rate will go into effect on Monday, the central bank said
Published 06 Feb, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 82.90-82.90 (Previous 82.90-82.90).
Published 06 Feb, 2018 12:00am
Augmentum seeks London listing
Exchange

Augmentum seeks London listing

Augmentum Management, a Lord Rothschild-backed British venture capital firm, is planning to raise as much as 125 million pounds ($176.75 million) from a London stock market listing to put towards a new fund, according to a person familiar with the matter.
Published 06 Feb, 2018 12:00am
Augmentum seeks London listing
Exchange

Augmentum seeks London listing

Augmentum Management, a Lord Rothschild-backed British venture capital firm, is planning to raise as much as 125 million pounds ($176.75 million) from a London stock market listing to put towards a new fund, according to a person familiar with the matter.
Published 06 Feb, 2018 12:00am
Bitcoin extends slide with a more than 10 percent fall
Exchange

Bitcoin extends slide with a more than 10 percent fall

Bitcoin, the world's best-known cryptocurrency, fell more than 10 percent on Monday and approached three-month lows on concerns about a global regulatory clampdown on the trading of the digital coins. On the Luxembourg-based Bitstamp exchange, Bitcoin tra
Published 06 Feb, 2018 12:00am
China's yuan inches up on heavier corporate dollar sales

China's yuan inches up on heavier corporate dollar sales

China's yuan edged up against the US dollar on Monday, supported by slightly heavier corporate dollar selling. The dollar steadied on Monday after rallying on upbeat US jobs data, which sent bond yields surging on the prospects of increasing inflation and
Published 06 Feb, 2018 12:00am
Aussie, kiwi at multi-week lows
Currency

Aussie, kiwi at multi-week lows

The Australian dollar stumbled to a near two-month low on Monday amid a global selloff in risky assets and bonds as concerns about faster rate hikes in the United States and other developed economies spooked investors. The Australian dollar held at $0.792
Published 06 Feb, 2018 12:00am
Sterling falls on Brexit and economy fears
Currency

Sterling falls on Brexit and economy fears

Sterling fell 0.7 percent on Monday as surveys showing a slowing British economy and negative news around Brexit negotiations sapped investor confidence in a busy week for the central bank. Financial data firm IHS Markit said on Monday growth in the world
Published 06 Feb, 2018 12:00am
De Kock adds to South African injury woes

De Kock adds to South African injury woes

The South African one-day international team suffered a third injury blow on Monday when wicketkeeper-batsman Quinton de Kock was ruled out of the rest of the series against India because of a wrist injury. South Africa started the six-match series agains
Published 06 Feb, 2018 12:00am
Formula One unveils 'Grid Kids' idea to liven up pre-race paddock

Formula One unveils 'Grid Kids' idea to liven up pre-race paddock

After announcing last week the demise of the 'grid girls' who graced the paddock in the lead-up to Formula One races, organisers unveiled a new initiative to involve children instead. World governing body the FIA said the move - using 'Grid Kids' already
Published 06 Feb, 2018 12:00am
Komal Khan beats Laiba to win KP Women Squash League

Komal Khan beats Laiba to win KP Women Squash League

Komal Khan defeated Laiba Ijaz in a thrilling 3-1 final of the Khyber Pakhtunkhwa Women Squash League played here at PAF Hashim Khan Squash Complex on Monday. Senior Vice President of Khyber Union of Journalist Muhammad Naeem was the chief guest on this o
Published 06 Feb, 2018 12:00am
Kane rescues Spurs in Liverpool thriller, Newcastle held

Kane rescues Spurs in Liverpool thriller, Newcastle held

Harry Kane scored a last-gasp penalty equaliser just minutes after missing another spot-kick in Tottenham's breathtaking 2-2 draw at Liverpool, while Newcastle remain mired in the battle for survival after a 1-1 draw at Crystal Palace on Sunday. After fal
Published 06 Feb, 2018 12:00am
Davis Cup holders France join Spain, Croatia in last eight

Davis Cup holders France join Spain, Croatia in last eight

Adrian Mannarino sent defending champions France through to the Davis Cup quarter-finals on Sunday after sealing victory over the Netherlands, while Croatia knocked off Canada to follow Spain through. The left-handed Mannarino, the world number 25, atoned
Published 06 Feb, 2018 12:00am
Triangular: One-Day Women Cricket from February 11

Triangular: One-Day Women Cricket from February 11

The Pakistan Cricket Board (PCB) women's wing is organizing 'Triangular One-Day Women's Cricket Tournament in Multan from February 11 to 20, 2018. The matches will be 50 overs a side, where three teams PCB Challengers, PCB Blasters and PCB Dynamites will
Published 06 Feb, 2018 12:00am
Kashmir Solidarity Day Table Tennis begins

Kashmir Solidarity Day Table Tennis begins

Five matches decided on the opening day of the Kashmir Solidarity Day Table Tennis Championship here at Qayyum Sports Complex on Monday. Deputy Director Income Tax Ahmad Kamran was the chief guest. Former Champion Atif Ali Shah, Secretary KP Table Tennis
Published 06 Feb, 2018 12:00am
Ex-US gymnastics doctor sentenced to another 40-125 years

Ex-US gymnastics doctor sentenced to another 40-125 years

Larry Nassar, the former USA Gymnastics doctor who sexually abused hundreds of girls and young women for decades under the guise of medical treatment, was sentenced Monday to an additional 40 to 125 years in prison. Nassar already faced a lifetime behind
Published 06 Feb, 2018 12:00am
Sex abuse trauma centres set up for Olympic athletes

Sex abuse trauma centres set up for Olympic athletes

As American sport reels from a horrifying sexual abuse scandal, athletes competing in this month's Pyeongchang Olympics will have access to trauma units for the first time in Games history. The Winter Olympics open in South Korea on Friday after long-time
Published 06 Feb, 2018 12:00am
Pyeongchang Olympics brings 'real hope' to divided Koreas: Bach
Exchange

Pyeongchang Olympics brings 'real hope' to divided Koreas: Bach

Olympics chief Thomas Bach on Monday said the Pyeongchang Winter Games brought "real hope" to the divided Korean peninsula and conceded there was no "Plan B" even when nuclear tensions put them under threat. Bach was speaking four days ahead of the openin
Published 06 Feb, 2018 12:00am
Bangladesh bolster batting for second Sri Lanka Test

Bangladesh bolster batting for second Sri Lanka Test

Bangladesh have included batsman Sabbir Rahman for the second Test against Sri Lanka to strengthen their batting in the absence of injured all-rounder Shakib Al Hasan, a team official said Monday. Shakib will miss the second Test starting Thursday in Dhak
Published 06 Feb, 2018 12:00am
Athletics: London to host new World Cup event

Athletics: London to host new World Cup event

London will host a new World Cup event this summer featuring eight top nations including the United States and Jamaica, British Athletics announced on Monday. Britain, the United States, Poland, China, Germany, France, Jamaica and South Africa will compet
Published 06 Feb, 2018 12:00am
No Olympics for Russians who had life bans lifted

No Olympics for Russians who had life bans lifted

Fifteen Russians whose life bans for doping were lifted last week have been barred from the Pyeongchang Winter Games, the International Olympic Committee said on Monday, as Russia's drugs conspiracy continued to reverberate just days from the opening cere
Published 06 Feb, 2018 12:00am
SpaceX poised to launch 'world's most powerful rocket'

SpaceX poised to launch 'world's most powerful rocket'

SpaceX is poised for the first test launch Tuesday of its Falcon Heavy, which aims to become the world's most powerful rocket, capable of ferrying people to the Moon or Mars some day. No people are on board, just a mannequin wearing a futuristic spacesuit
Published 06 Feb, 2018 12:00am
EU negotiator warns 'not a minute to lose' in Brexit talks

EU negotiator warns 'not a minute to lose' in Brexit talks

The EU's chief negotiator Michel Barnier stressed the urgency of Brexit talks ahead of a meeting with Prime Minister Theresa May on Monday, with her government still deeply divided on the negotiations. "My feeling is that we have not a minute to lose beca
Published 06 Feb, 2018 12:00am
Palestinian kills Israeli near West Bank settlement

Palestinian kills Israeli near West Bank settlement

A Palestinian stabbed and killed an Israeli man near a major West Bank settlement on Monday before fleeing the scene, Israeli authorities said. "Israeli man murdered in stabbing attack in Ariel," police spokesman Micky Rosenfeld said in a statement, refer
Published 06 Feb, 2018 12:00am
Modi to visit Palestine, meet Abbas during Middle East tour

Modi to visit Palestine, meet Abbas during Middle East tour

Indian Prime Minister Narendra Modi will visit Palestine during a brief tour of the Middle East, the foreign ministry said Monday, just weeks after hosting Israeli leader Benjamin Netanyahu. Modi will meet Palestinian president Mahmud Abbas in an overture
Published 06 Feb, 2018 12:00am
Samsung scion Lee walks free

Samsung scion Lee walks free

Samsung Group heir Jay Y. Lee left a South Korean jail a free man on Monday after a panel of judges suspended his sentence, a surprise decision that sent shockwaves through the country's political and business establishments. Coming just days before South
Published 06 Feb, 2018 12:00am
Dutch withdraw ambassador to Turkey as ties sour

Dutch withdraw ambassador to Turkey as ties sour

The Netherlands announced Monday it was withdrawing its ambassador from Turkey, and will refuse to allow Ankara to post one in the country as diplomatic ties plunge to new lows. Relations have deteriorated in the past months, after Dutch officials barred
Published 06 Feb, 2018 12:00am
Leading ivory trade investigator murdered in Kenya

Leading ivory trade investigator murdered in Kenya

A world-renowned ivory investigator whose detailed reports contributed to the fight against elephant poaching and the illegal wildlife trade, was killed at his home in Kenya, police said Monday. Esmond Bradley Martin, a 76-year-old American geographer who
Published 06 Feb, 2018 12:00am
Confidence grows for deal on new Merkel government

Confidence grows for deal on new Merkel government

Talks between the top German parties on forming a new government for Chancellor Angela Merkel's fourth term spilled into overtime Monday but confidence appeared to be growing they would strike a deal. More than four months after Germany's general election
Published 06 Feb, 2018 12:00am
Myanmar journalist receives AFP's Kate Webb Prize

Myanmar journalist receives AFP's Kate Webb Prize

Reporter Mratt Kyaw Thu received the 2017 Agence France-Presse Kate Webb Prize on Monday for his courageous coverage of ethnic and religious conflict in Myanmar's borderlands. The award, named after one of AFP's finest correspondents who died in 2007 at t
Published 06 Feb, 2018 12:00am
Defiant Paris attacks suspect 'trusts in Allah'

Defiant Paris attacks suspect 'trusts in Allah'

The only surviving suspect in the 2015 Paris attacks accused a Belgian court on Monday of bias against Muslims, saying he put his "trust in Allah" as he went on trial for a deadly shootout with police. Salah Abdeslam, 28, cut a defiant figure at the court
Published 06 Feb, 2018 12:00am
Maldives president declares state of emergency

Maldives president declares state of emergency

Maldives President Abdulla Yameen declared a 15-day state of emergency on Monday, deepening a political crisis in the country that has pitted its leader against the nation's top court. Traditionally known as a honeymooners' paradise, the Maldives has been
Published 06 Feb, 2018 12:00am
Two Canadians freed by jihadists in Syria reach Turkey

Two Canadians freed by jihadists in Syria reach Turkey

Two Canadian citizens who were being held by a jihadist-dominated alliance in northwestern Syria were released on Monday to Turkish authorities, the pair said. Jolly Bimbachi and Sean Moore were held for several weeks by Hayat Tahrir al-Sham (HTS), an all
Published 06 Feb, 2018 12:00am
Turkey frees eight doctors held for denouncing Syria offensive

Turkey frees eight doctors held for denouncing Syria offensive

Eight top members of Turkey's main medical association, including its chief, were Monday freed from detention for denouncing Ankara's military offensive Syria against a Kurdish militia, their organisation said. Turkey launched operation "Olive Branch" on
Published 06 Feb, 2018 12:00am
Heavy snow disrupts flights, classes in Spain

Heavy snow disrupts flights, classes in Spain

More than 40 flights were cancelled in Madrid and tens of thousands of schoolchildren around Spain had to skip class Monday as snow fell heavily over much of the country. The airport in the Spanish capital was forced to close two of its four runways, lead
Published 06 Feb, 2018 12:00am
83 killed in 'war on children' across Mideast: UN

83 killed in 'war on children' across Mideast: UN

At least 83 children were killed in Middle East war zones in January, most of them in Syria, the UN children's agency UNICEF said Monday, vowing their voices "will never be silenced". "They were killed in ongoing conflicts, suicide attacks or frozen to de
Published 06 Feb, 2018 12:00am
Britain hits back at Trump over attack on healthcare system

Britain hits back at Trump over attack on healthcare system

Britain reacted angrily on Monday to a tweet from US President Donald Trump attacking its public healthcare system in the latest spat to strain US-UK ties, casting further doubt on his possible visit to London. "The Democrats are pushing for Universal Hea
Published 06 Feb, 2018 12:00am
Soldier and militant killed in Lebanon raid

Soldier and militant killed in Lebanon raid

Militants resisting arrest by the Lebanese army in the restive Tripoli neighbourhood of Bab al-Tabbaneh sparked clashes that killed one on each side, a statement said on Monday. The violence broke out late on Sunday when the army entered the Sunni strongh
Published 06 Feb, 2018 12:00am
One crew dead, another missing in Japan army helicopter crash

One crew dead, another missing in Japan army helicopter crash

One crew member was confirmed dead and another was missing Monday after a Japanese military helicopter crashed in a residential area in the southwest of the country, reportedly injuring a local girl and setting a home on fire. A 26-year-old co-pilot was f
Published 06 Feb, 2018 12:00am
Shanghai copper down
Exchange

Shanghai copper down

On the Shanghai Futures Exchange where prices have trended lower since late December, copper stayed down by 0.3 percent at 53040 yuan ($8,425) a tonne on Monday. Shfe nickel was down 2 percent. "Aside from the strengthening dollar, we think concerns about
Published 06 Feb, 2018 12:00am
Copper hits three-week high, nickel steady
Exchange

Copper hits three-week high, nickel steady

Copper hit a three-week high on Monday as the dollar rally paused and the balance of supply and demand looked to stay relatively tight, while nickel climbed after posting its largest daily loss in two months on Friday. The dollar remained mired near three
Published 06 Feb, 2018 12:00am
Iraq plans military operation to secure oil route to Iran

Iraq plans military operation to secure oil route to Iran

Iraqi forces are preparing an operation to consolidate control of an area near the Iran border to be used for the transit of Iraqi oil, two officials said on Monday, highlighting concern about mountainous terrain where two armed groups are active. The ope
Published 06 Feb, 2018 12:00am
Oil slides as stronger dollar, rising US output weigh

Oil slides as stronger dollar, rising US output weigh

Oil prices were trading lower on Monday as rising US output, a weaker physical market and recent dollar strength added to the pressure from a widespread decline across equities and commodities markets. Brent crude futures were down $1.12, or 1.6 percent,
Published 06 Feb, 2018 12:00am
Tokyo rubber declines
Exchange

Tokyo rubber declines

Benchmark Tokyo rubber futures cut early falls to close slightly lower on Monday as the dollar recovered the 110 yen level on the back of upbeat US jobs data and as Shanghai futures eked out small gains, brokers said. Tokyo Commodity Exchange (TOCOM) futu
Published 06 Feb, 2018 12:00am
Malaysian palm oil gain
Vegetable Oil

Malaysian palm oil gain

Malaysian palm oil futures rose late on Monday, charting their first session of gains in three, as the ringgit weakened and traders covered short positions. Weakness in the ringgit, in which palm oil is traded, makes the vegetable oil cheaper for holders
Published 06 Feb, 2018 12:00am
Raw sugar shifts higher as March/May spread rallies

Raw sugar shifts higher as March/May spread rallies

Raw sugar futures on ICE turned sharply higher on Monday, buoyed by a rally in the March/May spread amid talk of nearby demand, while cocoa markets came off two-month highs reached earlier in the session. March raw sugar settled up 0.27 cent, or 2 percent
Published 06 Feb, 2018 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices inched up on Monday as declining equities lent support to the yellow metal even though robust US jobs data potentially increased the chances of more interest rate hikes this year. Spot gold was up 0.1 percent at $1,334.23 per ounce by 0817 GMT
Published 06 Feb, 2018 12:00am
Gold rises in Europe
Currency

Gold rises in Europe

Gold rose on Monday, clawing back some lost ground after recording its biggest one-day loss in two months in the previous session, as a slide in stock markets helped the metal rebound. Prices fell 1.2 percent on Friday after stronger-than-expected US payr
Published 06 Feb, 2018 12:00am
Wheat lower

Wheat lower

US wheat futures fell to a one-week low on Monday on technical selling and an improving weather outlook, including beneficial moisture in parts of the Midwest winter wheat belt, analysts said. Soyabean futures set a two-week low on forecasts for much-need
Published 06 Feb, 2018 12:00am
Gold steadies

Gold steadies

Gold prices steadied on Monday as a slide in stock markets helped the precious metal claw back some lost ground after logging its biggest one-day loss in two months in the previous session. Prices fell 1.2 percent on Friday after stronger-than-expected US
Published 06 Feb, 2018 12:00am
Protest held against politicising Asma murder case

Protest held against politicising Asma murder case

Residents of Gujjar Ghari, Mardan, members of the local jirga and workers Pakistan Tehreek-e-Insaf (PTI) staged a joint protest rally against the politicization of Asma murder case. The participants of the rally demanded the chief justice of Pakistan to e
Published 06 Feb, 2018 12:00am
Fazl vows to take Naqibullah case to its logical end

Fazl vows to take Naqibullah case to its logical end

Emir Jamiat Ulema-e-Islam (Fazl), Maulana Fazlur Rehman has said that he will take the issue of Mehsud to its logical end and fight for the rights of the people of Federal Administered Tribal Areas (FATA) at all the forums. "Our elders have taught us to b
Published 06 Feb, 2018 12:00am
Pakistan Post launches 'Same Day Delivery' service

Pakistan Post launches 'Same Day Delivery' service

Pakistan Post has lunched a new delivery service "Same Day Delivery" for delivering goods in twin cities of Rawalpindi and Islamabad on the same day. According to official sources, the people of federal capital and adjoining areas would be able to send th
Published 06 Feb, 2018 12:00am
Kashmir Council EU holds demonstration in Brussels

Kashmir Council EU holds demonstration in Brussels

Kashmir Council (KC) EU organized a demonstration in Brussels, the capital of Belgium on Sunday in order to express solidarity with oppressed people of Indian Held Kashmir (IHK). A large number of people from all walks of life and as well as representativ
Published 06 Feb, 2018 12:00am
Encroachment of playground: CJP takes suo motu notice

Encroachment of playground: CJP takes suo motu notice

Chief Justice Mian Saqib Nisar on Monday took a suo motu notice of alleged encroachment of a public football ground in Islamabad's F-8 sector by lawyers who are constructing their chambers there. According to a notification issued by the Supreme Court's p
Published 06 Feb, 2018 12:00am
PTI approves names of seven candidates for Senate elections

PTI approves names of seven candidates for Senate elections

Pakistan Tehreek-e-Insaf (PTI) on Monday finalised and approved the names of seven candidates for the upcoming Senate elections to be held on March 3. After a meeting of party's parliamentary board chaired by PTI Chairman Imran Khan, the party decided to
Published 06 Feb, 2018 12:00am
Nishat Chunian Power Limited
Mutual Funds

Nishat Chunian Power Limited

Nishat Chunian Group consists of five companies including Nishat Chunian Limited (a textile company), Nishat Chunian Power Limited (a power generation company), Nishat Chunian Electric Corporation Limited (a captive power generation company) and Nishat Ch
Published 06 Feb, 2018 12:00am
Nishat Chunian Power Limited
Mutual Funds

Nishat Chunian Power Limited

Nishat Chunian Group consists of five companies including Nishat Chunian Limited (a textile company), Nishat Chunian Power Limited (a power generation company), Nishat Chunian Electric Corporation Limited (a captive power generation company) and Nishat Ch
Published 06 Feb, 2018 12:00am
Speakers express solidarity with Kashmiris

Speakers express solidarity with Kashmiris

District administration in collaboration with Elementary and Secondary Education Department organized a function in Government Shaheed Osama Zafar Model High School, Peshawar city to express solidarity with Kashmiris waging struggle for their right of sel
Published 06 Feb, 2018 12:00am
India violator of international treaties: APHC

India violator of international treaties: APHC

India has a history of violating international agreements and treaties in the last 70 years and is proving to be a major hurdle in establishment of permanent peace in South Asia. According to the data released by All Parties Hurriyat Conference (APHC) Aza
Published 06 Feb, 2018 12:00am
Kashmir Day: KBP holds rallies

Kashmir Day: KBP holds rallies

Growers on the call of Kissan Board Pakistan (KBP) took out rallies throughout the country on Monday to express their solidarity with Kashmiris struggling for their right of self-determination and Indian water aggression against Pakistan. KBP leadership a
Published 06 Feb, 2018 12:00am
Nawaz says no verdict can damage his relationship with Kashmiris

Nawaz says no verdict can damage his relationship with Kashmiris

Former premier Nawaz Sharif has asserted Tuesday that he shares a blood relation with the people of Kashmir. The disqualified premier addressed a rally in Azad Kashmir in connection with Kashmir Solidarity Day and in his speech he said that no one can har
Published 06 Feb, 2018 12:00am
Kashmir Solidarity Day observed in Faisalabad

Kashmir Solidarity Day observed in Faisalabad

Kashmir Solidarity Day was observed in Faisalabad to renew the pledge that Pakistani nation would continue moral support of Kashmiris till their success for getting freedom. Different govt, social, religious, political, traders and other organizations sta
Published 06 Feb, 2018 12:00am
JI chief pays tribute to struggle of Kashmiris

JI chief pays tribute to struggle of Kashmiris

The chief of Jamaat-e-Islami (JI) Siraj-ul-Haq has said that Kashmir is the jugular vein of Pakistan and not a single Kashmiri has ever accepted himself as a part of India. Addressing a gathering here on Monday on the occasion of Kashmir Solidarity Day, h
Published 06 Feb, 2018 12:00am
PML-N holds rally to express solidarity with Kashmiris

PML-N holds rally to express solidarity with Kashmiris

Pakistan Muslim League-Nawaz (PML-N) staged a rally here on Monday to express solidarity with the Kashmiris, waging a just struggle for their right to self-determination. The participants of the rally expressed their firm resolve that they would continue
Published 06 Feb, 2018 12:00am
Shah criticises PML-N government for 'insulting' Kashmiris

Shah criticises PML-N government for 'insulting' Kashmiris

Opposition leader in the National Assembly Syed Khurshid Shah said on Monday that Bhutto's dream of an independent Kashmir would be materialized soon. He was addressing to a public meeting of the party at Mochi Gate. Shah said that he is standing at a sta
Published 06 Feb, 2018 12:00am
MoU signed: LCCI, JCCI to strengthen trade ties
Exchange

MoU signed: LCCI, JCCI to strengthen trade ties

The Lahore Chamber of Commerce & Industry (LCCI) and Jakarta Chamber of Commerce and Industry (JCCI), Indonesia on Monday inked a memorandum of understanding (MoU) to evolve a framework to strengthen bilateral trade ties between Pakistan and Indonesia. Ac
Published 06 Feb, 2018 12:00am
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