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Print - 2018-03-10
ART FACTS: Strength of spirituality

ART FACTS: Strength of spirituality

Hira Zubair's latest body of work talked about strength of spirituality. She wanted to know what it takes to align our souls with this world to gain maximum knowledge and peace. The exhibition titled "Let Your Soul Blossom" at Art Chowk Gallery, Karachi w
Published 10 Mar, 2018 12:00am
EU says stands ready to regulate crypto-currencies

EU says stands ready to regulate crypto-currencies

The European Union stands ready to regulate crypto-currencies if risks from the sector are not tackled at the global level, the bloc's financial services chief said last week. A global investment craze over bitcoin and other virtual currencies in the last
Published 10 Mar, 2018 12:00am
'Doomsday' seed vault gets makeover as Arctic heats up

'Doomsday' seed vault gets makeover as Arctic heats up

Designed to withstand a nuclear missile hit, the world's biggest seed vault, nestled deep inside an Arctic mountain, is undergoing a makeover as rising temperatures melt the permafrost meant to protect it. Dubbed the "Noah's Ark" of food crops, the Global
Published 10 Mar, 2018 12:00am
Mobile phones help transform disaster relief

Mobile phones help transform disaster relief

Mobile phones are helping transform how relief agencies respond to humanitarian crises by enabling them to pin point where aid is needed most after hurricanes, earthquakes and other disasters. At the same time, mobile apps that need just a few taps of the
Published 10 Mar, 2018 12:00am
Where women dare...

Where women dare...

It is a man's world. Not true. It is a woman's world. A world where women dare where men dare not; where women speak while men stutter; where women stand out while men stumble and fall. These may seem very biased and discriminatory statements but on the I
Published 10 Mar, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,234. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.312 billion and the number of lots traded was 7,641.
Published 10 Mar, 2018 12:00am
CBOT wheat futures fall for third session

CBOT wheat futures fall for third session

Wheat futures fell on Wednesday, with the Chicago Board of Trade May wheat contract falling for a third session amid investor uncertainty over the size of the US wheat crop this spring, traders said. CBOT May soft red winter wheat futures ended the day do
Published 10 Mar, 2018 12:00am
EU wheat prices down on strong euro

EU wheat prices down on strong euro

European wheat prices edged lower on Wednesday, pressured by the strength of the euro against the dollar which makes already struggling exports less competitive, traders said. May milling wheat on Paris-based Euronext, unofficially closed 1.1 percent lowe
Published 10 Mar, 2018 12:00am
Palm oil down on European vegoils market
Vegetable Oil

Palm oil down on European vegoils market

Palm oil on the European vegetable oils market eased on Wednesday on losses in Malaysian palm oil futures on worries over the prospect of cancelled shipments to India following its announcement of import tax hike on palm oil. Bearish sentiment from the Pr
Published 10 Mar, 2018 12:00am
Chinese steel futures fall amid trade war fears
Exchange

Chinese steel futures fall amid trade war fears

Chinese steel futures fell almost 2 percent on Wednesday, dropping along with other riskier assets in Asia after a key advocate for free trade in the US government resigned, stoking worries Washington will proceed with steep tariffs that could risk a trad
Published 10 Mar, 2018 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 121,078 tonnes of cargo comprising 81,709 tonnes of import cargo and 39,369 tonnes of export cargo including 6,107 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 10 Mar, 2018 12:00am
Cotton prices keep rising trend
Cotton

Cotton prices keep rising trend

Availability of lint cotton expanded the volume of business on the cotton market on Friday, dealers said. The official spot rate gained more Rs 100 to Rs 7300, they added. In Sindh, seed cotton prices were at Rs 2400-3000 and in the Punjab, rates were at
Published 10 Mar, 2018 12:00am
CBOT soyabean futures slump

CBOT soyabean futures slump

Chicago Board of Trade soyabean futures on Wednesday were pressured by market worries about trade retaliation if the US rolls out import tariffs on steel and aluminium, traders said. CBOT May soyabeans fell 9-1/2 cents to $10.65-1/4 per bushel, down 1.05
Published 10 Mar, 2018 12:00am
Kobe Steel names new CEO after fake data scandal

Kobe Steel names new CEO after fake data scandal

Japanese steelmaker Kobe Steel named a new CEO on Friday and pledged "fundamental reforms" in the wake of a scandal over fake strength and quality data it submitted to clients. The firm said its board had appointed Mitsugu Yamaguchi, currently Kobe Steel'
Published 10 Mar, 2018 12:00am
EU takes 'very seriously' doubts over Google shopping solution

EU takes 'very seriously' doubts over Google shopping solution

EU anti-trust authorities said Friday they take "very seriously" doubts among Google's rivals that the US internet search giant has met demands from Brussels to stop favouring its shopping service. The authorities are now "collecting information" to deter
Published 10 Mar, 2018 12:00am
Without US, 11 Asia-Pacific states sign trade deal

Without US, 11 Asia-Pacific states sign trade deal

Eleven nations signed a slimmed-down version of the Trans-Pacific Partnership (TPP) trade agreement Thursday, moving to lower tariffs just as US President Donald Trump seeks to raise them after withdrawing from the deal. The TPP, which would have represen
Published 10 Mar, 2018 12:00am
US partners blast Trump trade tariffs

US partners blast Trump trade tariffs

Key US trading partners on Friday condemned President Donald Trump's decision to slap punitive tariffs on foreign steel and aluminium as "protectionism" and an affront to allies, as fears grew of a global trade war. Chancellor Angela Merkel of Germany, Eu
Published 10 Mar, 2018 12:00am
Florida passes law blocking state investment in Venezuela

Florida passes law blocking state investment in Venezuela

Florida lawmakers on Thursday passed a law prohibiting the US state from investing in companies that have business ties with the Venezuelan government. Citing the socialist government's "use of extreme violence and political persecution," the law will now
Published 10 Mar, 2018 12:00am
India central bank turns up heat on lenders after $ 2 billion loan fraud

India central bank turns up heat on lenders after $ 2 billion loan fraud

India's central bank has asked commercial lenders to provide it with details of all letters of undertaking - a form of credit guarantee at the centre of an alleged $2 billion fraud - issued by them in the past several years, according to four bankers who
Published 10 Mar, 2018 12:00am
Cautious BoJ holds line on monetary policy

Cautious BoJ holds line on monetary policy

Japan's central bank on Friday said it was keeping its ultra-loose monetary policy in place, in keeping with expectations, as the world's third-largest economy struggles to rekindle growth. The Bank of Japan's massive monetary easing programme is a corner
Published 10 Mar, 2018 12:00am
UK industrial output jumps

UK industrial output jumps

British industrial production rebounded sharply last month on the re-opening of a major North Sea pipeline, official data showed Friday. Output jumped 1.3 percent in January from activity in December, reversing the previous monthly slump that had been spa
Published 10 Mar, 2018 12:00am
KFC returns to UK supplier after chicken fiasco

KFC returns to UK supplier after chicken fiasco

US fast-food chain KFC has re-employed its former delivery supplier in Britain after an embarrassing shortage of chicken forced the closure of hundreds of restaurants. KFC announced Thursday that Bidvest Logistics would supply 350, or more than one-third
Published 10 Mar, 2018 12:00am
US economy gains 313,000 jobs in February; wage growth slows

US economy gains 313,000 jobs in February; wage growth slows

US job growth surged in February, recording its biggest increase in more than 1-1/2 years, but a slowdown in wage gains pointed to only a gradual increase in inflation this year. Nonfarm payrolls jumped by 313,000 jobs last month, boosted by the largest r
Published 10 Mar, 2018 12:00am
Indian shares fall

Indian shares fall

Indian shares erased early gains and closed slightly lower on Friday, dragged down by steel companies such as Tata Steel Ltd as investors kept to the sidelines due to a lack of clarity on the US tariff on steel and aluminium imports. The benchmark BSE ind
Published 10 Mar, 2018 12:00am
Tokyo shares up on Trump-Kim summit news

Tokyo shares up on Trump-Kim summit news

Tokyo stocks jumped Friday on news that US President Donald Trump has agreed to meet North Korean leader Kim Jong Un in a historic summit that may ease tensions over the Korean peninsula. The announcement provided extra support to investors already cheeri
Published 10 Mar, 2018 12:00am
Wall Street rises as Trump softens tariff plan
Exchange

Wall Street rises as Trump softens tariff plan

The three major US stock indexes closed higher on Thursday after President Donald Trump appeared to soften his stance on trade tariffs, easing trade war fears that had had the market on edge for a week. Trump announced import tariffs on steel and aluminiu
Published 10 Mar, 2018 12:00am
Hong Kong stocks rise

Hong Kong stocks rise

Hong Kong stocks gained on Friday, as optimism over the new entente between North Korean leader Kim Jong Un and US President Donald Trump offset concerns about China's slower economic growth and the impact of US tariffs.
Published 10 Mar, 2018 12:00am
US bond yield moves muted

US bond yield moves muted

The yield on the US benchmark government bond moved within a range of three basis points on Thursday, continuing a trend of muted fluctuation in the week ahead of Friday's payrolls data. Yields remained range-bound this week amid fears of a trade war, the
Published 10 Mar, 2018 12:00am
US bond yield moves muted

US bond yield moves muted

The yield on the US benchmark government bond moved within a range of three basis points on Thursday, continuing a trend of muted fluctuation in the week ahead of Friday's payrolls data. Yields remained range-bound this week amid fears of a trade war, the
Published 10 Mar, 2018 12:00am
Sri Lankan stocks rise for second day

Sri Lankan stocks rise for second day

Sri Lankan shares rose for a second straight session on Friday as foreign investors bought into risky assets with some improvements in the communal violence-hit district of Kandy. Police said on Thursday it had arrested the suspected leader and nine other
Published 10 Mar, 2018 12:00am
China stocks extend gains, start-ups shine

China stocks extend gains, start-ups shine

China stocks extended gains on Friday to end the week higher, led by start-ups as investors continued to place bets on tech firms seen as the drivers of the country's "new economy", and as investors pondered the impact of US tariffs. For the day, the Shan
Published 10 Mar, 2018 12:00am
US jobs report boosts European stocks

US jobs report boosts European stocks

A strong jobs report out of the US boosted European shares on Friday after a sluggish start to trading, while US tariffs on steel and aluminium hit steelmakers. It was strong wage growth last month that fanned speculation of faster rate rises in the Unite
Published 10 Mar, 2018 12:00am
Australian, New Zealand shares soar

Australian, New Zealand shares soar

Australian shares ended slightly higher on Friday as gains across a number of sectors outpaced a decline in materials, allowing the benchmark to end the week higher. Material stocks faced heavy selling pressure after US President Donald Trump pressed ahea
Published 10 Mar, 2018 12:00am
Most Southeast Asia stocks slip
Currency

Most Southeast Asia stocks slip

Most Southeast Asian stock markets ended lower on Friday with Thailand posting its longest losing streak since August 2013, while investors awaited US non-farm payrolls data for cues on the pace of rate hikes in the United States. "Most (Southeast Asian)
Published 10 Mar, 2018 12:00am
FTSE hits one-week high as US jobs report calms nerves

FTSE hits one-week high as US jobs report calms nerves

UK shares ended Friday at a one-week high, joining in a broader equity rally following supportive US jobs data which calmed investor nerves over tighter monetary policy. The country's blue chip FTSE benchmark index ended the session 0.3 percent higher at
Published 10 Mar, 2018 12:00am
East Timor signs maritime border deal with Australia

East Timor signs maritime border deal with Australia

East Timor signed a treaty with Australia at the United Nations on Tuesday to end a decade-old dispute over their maritime border and potentially unlock billions of dollars in offshore gas revenue. The treaty is expected to provide a major boost to East T
Published 10 Mar, 2018 12:00am
Ryanair recognises Italian pilots' trade union

Ryanair recognises Italian pilots' trade union

Ryanair has agreed to recognise Italian pilots' trade union ANPAC, the Irish no-frills airline said Thursday, after agreeing a similar deal in Britain. The agreement comes after Ryanair suffered a troubled end to 2017, being forced to cancel 20,000 flight
Published 10 Mar, 2018 12:00am
Indonesia hands over 1MDB-linked luxury yacht to FBI

Indonesia hands over 1MDB-linked luxury yacht to FBI

A luxury yacht linked to allegations that $4.5 billion was looted from Malaysia's state investment fund 1MDB is being handed over to the FBI, which is probing the scandal, Indonesian police said Thursday. US and Indonesian authorities last week searched t
Published 10 Mar, 2018 12:00am
Watchdog says more Latvian banks could close or merge

Watchdog says more Latvian banks could close or merge

Some Latvian banks serving foreign clients may have to merge or be liquidated if their business model proves unworkable, the head of the country's financial regulator told Reuters. Modelled as a financial bridge between Russia and the west, Latvia hosts m
Published 10 Mar, 2018 12:00am
Russia eyes Zimbabwe's diamonds and platinum

Russia eyes Zimbabwe's diamonds and platinum

Russia's Foreign Minister Sergei Lavrov on Thursday met with Zimbabwe's new President Emmerson Mnangagwa and discussed possible military co-operation as well as plans to boost economic ties. Lavrov, who is on a tour of Africa, is the first high-profile Ru
Published 10 Mar, 2018 12:00am
AkzoNobel posts fading 2017 profit
Currency

AkzoNobel posts fading 2017 profit

Dutch chemical giant AkzoNobel Thursday sketched a sombre picture of 2017 earnings, saying net profits fell amid "industry headwinds" following a turbulent year for the world's leading paint maker. AkzoNobel spent much of the last 12 months fighting a sur
Published 10 Mar, 2018 12:00am
AkzoNobel posts fading 2017 profit
Currency

AkzoNobel posts fading 2017 profit

Dutch chemical giant AkzoNobel Thursday sketched a sombre picture of 2017 earnings, saying net profits fell amid "industry headwinds" following a turbulent year for the world's leading paint maker. AkzoNobel spent much of the last 12 months fighting a sur
Published 10 Mar, 2018 12:00am
Digital publishing to boost Axel Springer again in 2018

Digital publishing to boost Axel Springer again in 2018

German media giant Axel Springer, owner of the top-selling Bild newspaper, on Thursday said its thriving digital publishing business would again drive profits in 2018, after a strong performance last year. The publisher posted adjusted net profits of 328
Published 10 Mar, 2018 12:00am
Digital publishing to boost Axel Springer again in 2018

Digital publishing to boost Axel Springer again in 2018

German media giant Axel Springer, owner of the top-selling Bild newspaper, on Thursday said its thriving digital publishing business would again drive profits in 2018, after a strong performance last year. The publisher posted adjusted net profits of 328
Published 10 Mar, 2018 12:00am
Yen slips in Asia

Yen slips in Asia

The dollar rose versus the safe haven yen on Friday as hopes of a breakthrough in the North Korean nuclear standoff rose after US President Donald Trump showed willingness to accept an invitation to meet North Korean leader Kim Jong Un by May. A South Kor
Published 10 Mar, 2018 12:00am
Dollar rises against yen in Europe
Currency

Dollar rises against yen in Europe

The dollar rose half a percent against the yen on Friday, and is poised for its best weekly performance in five weeks as hopes of a breakthrough in the North Korean nuclear standoff bolstered risk sentiment.
Published 10 Mar, 2018 12:00am
Euro sags in New York
Currency

Euro sags in New York

The euro fell on Thursday as European Central Bank President Mario Draghi, while acknowledging faster growth in Europe, said regional inflation remained subdued and rising protectionism is a risk.
Published 10 Mar, 2018 12:00am
Sri Lankan rupee down
Currency

Sri Lankan rupee down

The Sri Lankan rupee slipped on Friday as importer dollar demand surpassed the selling of the greenback by exporters and banks, and inward remittances, while communal violence in the central district of Kandy weighed on sentiment, dealers said.
Published 10 Mar, 2018 12:00am
Most Asian currencies weaker against dollar
Currency

Most Asian currencies weaker against dollar

The dollar gained against most Asian currencies on Friday as a potential breakthrough in nuclear tensions between the United States and North Korea supported sentiment toward the greenback, while also supporting the South Korean won. Reports that US Presi
Published 10 Mar, 2018 12:00am
Yuan eases

Yuan eases

China's yuan eased against the US dollar on Friday, pressured by a rise in the greenback in global markets on the news that the leaders of North Korea and the United States could meet by May. Prior to market opening, the People's Bank of China (PBOC) set
Published 10 Mar, 2018 12:00am
Sterling rallies as dollar hit by wages data
Currency

Sterling rallies as dollar hit by wages data

Sterling rallied on Friday after a slowdown in US wage growth weakened the dollar and British industrial production data showed the UK's manufacturing sector continues to expand, albeit slowly. Traders had earlier pushed the pound slightly lower as market
Published 10 Mar, 2018 12:00am
Aussie, kiwi jump against yen
Currency

Aussie, kiwi jump against yen

The Australian and New Zealand dollars jumped against the yen on Friday as risk appetite got a boost after North Korean leader Kim Jong Un offered to stop nuclear and missile testing and to meet with his US counterpart. Kim has committed to "denuclearizat
Published 10 Mar, 2018 12:00am
Froome urges world cycling chief to raise concerns in person

Froome urges world cycling chief to raise concerns in person

Chris Froome has urged world cycling chief David Lappartient to talk to him directly about an ongoing probe into an adverse doping test rather than address the issue in public. The British four-time Tour de France champion returned an adverse analytical f
Published 10 Mar, 2018 12:00am
Egyptian sumo wrestler 'asked to quit after accident'

Egyptian sumo wrestler 'asked to quit after accident'

An Egyptian sumo wrestler has been asked to retire from the sport after driving without a license and causing an accident, Japanese media reported Friday. Osunaarashi, Japan's first wrestler from Africa, caused the accident in January, despite sumo wrestl
Published 10 Mar, 2018 12:00am
Neymar wants Barcelona return

Neymar wants Barcelona return

Neymar already regrets moving to Paris Saint-Germain and is seeking a shock return to Barcelona, according to reports in the Spanish media on Friday. In the same week that PSG crashed out of the Champions League, and only seven months after he joined the
Published 10 Mar, 2018 12:00am
North Korea in focus as biggest Paralympics opens

North Korea in focus as biggest Paralympics opens

North Korea's athletes took centre stage as the biggest Winter Paralympics in history opened in South Korea on Friday with a glittering ceremony after a rapid round of diplomacy hit dizzying heights. After spectacular light shows and fireworks, cross-coun
Published 10 Mar, 2018 12:00am
Three matches decided in National Open Polo

Three matches decided in National Open Polo

Barry's, Diamond Paints and Newage/BBJ Pipes carved out victories in the Diamond Paints National Open Polo Championship for Quaid-e-Azam Gold Cup 2018 matches played here at the Lahore Polo Club (LPC) ground on Friday. In the first match of the day, Barry
Published 10 Mar, 2018 12:00am
PPL Balochistan Football: DFA Quetta beat Chaman City 5-3

PPL Balochistan Football: DFA Quetta beat Chaman City 5-3

Skipper DFA Quetta, Nazeer Ahmad scored four goals for his team with a hat trick to his credit and celebrated the victory 5-3 against Chaman City during a match played on Friday, the sixth day of the final round of Pakistan Petroleum Limited (PPL) Balochi
Published 10 Mar, 2018 12:00am
PCB to start five women's cricket academies

PCB to start five women's cricket academies

Pakistan Cricket Board (PCB) has planned to establish five women's cricket academies across the country, Chairman PCB Najam Sethi, said. While speaking at a function hosted by PCB's Women Wing at the National Cricket Academy, Lahore, Najam Sethi said, "Wo
Published 10 Mar, 2018 12:00am
Indian bowler Shami charged with violence after affairs claim

Indian bowler Shami charged with violence after affairs claim

Police on Friday charged Indian fast bowler Mohammad Shami after his wife filed a formal complaint alleging assault, domestic violence and infidelity. Shami's wife Hasin Jahan, a former model, filed a written complaint with the police in Kolkata just days
Published 10 Mar, 2018 12:00am
Serena off to winning start in WTA return

Serena off to winning start in WTA return

Serena Williams shook off the rust from a 15-month layoff due to pregnancy to win her opening match at the WTA Indian Wells event with a 7-5, 6-3 victory over Zarina Diyas. The unseeded Williams was the top-ranked player in the world when she began her lo
Published 10 Mar, 2018 12:00am
Shiffrin retains overall Alpine World Cup title

Shiffrin retains overall Alpine World Cup title

American ski queen Mikaela Shiffrin claimed her second successive overall women's World Cup title after finishing third in the giant slalom in Ofterschwang on Friday. The 22-year-old secured back-to-back crystal globes following giant slalom gold at the P
Published 10 Mar, 2018 12:00am
Bannu take first gold as U-23 Male Games begins

Bannu take first gold as U-23 Male Games begins

The 3rd edition of the Khyber Pakhtunkhwa Under-23 Bannu Region Male Games got under way at beautifully decorated Bannu Sports Complex grounds amidst tight security as great enthusiasm witnessed among all the participating 430 male players. Assistant Comm
Published 10 Mar, 2018 12:00am
Rabada rips through Australian batting

Rabada rips through Australian batting

South African fast bowler Kagiso Rabada ripped the heart out of Australia's batting when he took four wickets in seven balls on the first day of the second Test on Friday. Rabada added a fifth wicket in the same spell as Australia were bowled out for 243
Published 10 Mar, 2018 12:00am
Merkel cabinet complete as SPD claims key finance, foreign ministries

Merkel cabinet complete as SPD claims key finance, foreign ministries

Germany's second biggest party, the Social Democrats, on Friday named their ministers in Chancellor Angela Merkel's next government, completing a cabinet lineup in which they snatched the trophy finance and foreign affairs portfolios. Olaf Scholz, 59, the
Published 10 Mar, 2018 12:00am
Philippine president needs 'psychiatric evaluation': UN rights chief

Philippine president needs 'psychiatric evaluation': UN rights chief

The UN human rights chief said Friday that Philippine President Rodrigo Duterte, who has launched profanity-laced diatribes against United Nations rapporteurs, needs "psychiatric evaluation". Listing some of Manila's actions against UN envoys, including f
Published 10 Mar, 2018 12:00am
UK deploys military in Russia spy attack probe

UK deploys military in Russia spy attack probe

British police requested military assistance in investigating a nerve agent attack on a former Russian double agent as speculation mounted Friday about how London could respond if a state actor were to blame. Police extended the cordon around the modest s
Published 10 Mar, 2018 12:00am
Suicide bomber kills at least nine in Kabul

Suicide bomber kills at least nine in Kabul

A suicide bomber blew himself up in a Shia area of Kabul on Friday, killing at least nine people, officials said, as militants dial up pressure on the war-weary Afghan capital. The Islamic State group's local franchise claimed responsibility for the blast
Published 10 Mar, 2018 12:00am
Erdogan says Turkey can enter Afrin centre 'at any moment'

Erdogan says Turkey can enter Afrin centre 'at any moment'

President Recep Tayyip Erdogan on Friday said Turkish forces and allied rebels could enter the centre of the Kurdish-held Syrian town of Afrin "at any moment", a day after the capture of another key strategic town. "Now our objective is Afrin... As of now
Published 10 Mar, 2018 12:00am
Palestinian killed

Palestinian killed

A Palestinian man was killed in clashes on Friday with the Israeli army in the occupied West Bank, the Palestinian health ministry said. Mohammed al-Jabari, 24, was shot during the clashes in the southern West Bank city of Hebron and later died in hospita
Published 10 Mar, 2018 12:00am
Japan official linked to Abe cronyism row found dead

Japan official linked to Abe cronyism row found dead

A Japanese finance ministry official at the centre of cronyism allegations linked to Prime Minister Shinzo Abe has been found dead, local media said Friday. A second key official will step down over the scandal, local media also reported. Police are inves
Published 10 Mar, 2018 12:00am
Uzbek, Tajik leaders agree to scrap visa restrictions

Uzbek, Tajik leaders agree to scrap visa restrictions

Uzbekistan's President Shavkat Mirziyoyev and Tajik counterpart Emomali Rakhmon agreed on Friday to scrap an unpopular visa regime in place for more than 17 years during an "ice-breaker" meeting between the Central Asian nations. Mirziyoyev, who made impr
Published 10 Mar, 2018 12:00am
Power partly restored after massive Amsterdam outage

Power partly restored after massive Amsterdam outage

Power was gradually being restored Friday after Amsterdam's bustling city centre was hit by a major outage, closing down museums and stopping trams, the city's electricity network provider said. By late afternoon, some 10,000 households out of a total of
Published 10 Mar, 2018 12:00am
Thousands of Slovaks rally against government, corruption

Thousands of Slovaks rally against government, corruption

Tens of thousands of Slovaks on Friday protested against the government and corruption, following the murder of journalist Jan Kuciak and his fiancee last month. The SME daily said about 40,000 people gathered in Bratislava, making it the biggest protest
Published 10 Mar, 2018 12:00am
Aid reaches Syria's Ghouta as strikes hit rebel enclave

Aid reaches Syria's Ghouta as strikes hit rebel enclave

An aid convoy managed to deliver food to hunger-stricken Eastern Ghouta on Friday despite renewed bombardment by Syrian regime forces who have seized more than half of the besieged rebel enclave. Nearly 950 civilians have been killed since Russia-backed g
Published 10 Mar, 2018 12:00am
Malaysian palm oil prices fall
Vegetable Oil

Malaysian palm oil prices fall

Malaysian palm oil futures fell more than 1 percent on Friday, marking close to a 4 percent weekly drop, as concerns lingered over slowing demand after major consumer India increased import taxes last week. The benchmark palm oil contract for May delivery
Published 10 Mar, 2018 12:00am
Shanghai copper slumps
Exchange

Shanghai copper slumps

Shanghai copper fell on Friday to its lowest since late September as investors focused on escalating tensions over US metal imports. Shanghai Futures Exchange copper ended down 2 percent at 51,190 yuan ($8,080.12) a tonne, its lowest close since September
Published 10 Mar, 2018 12:00am
Metals recover after plumbing multi-month lows
Exchange

Metals recover after plumbing multi-month lows

Metals recovered after sliding earlier on Friday, lifted by upbeat US wage data that dented the dollar and soothed inflation worries, although gains were capped by ongoing concerns that new US tariffs would stoke a trade war. The dollar fell versus a curr
Published 10 Mar, 2018 12:00am
Oil prices rise over two percent amid broad market optimism

Oil prices rise over two percent amid broad market optimism

Oil prices rose more than 2 percent on Friday, rebounding from two days of declines as Wall Street climbed on strong US jobs data, while investors also grew hopeful that a planned meeting between US President Donald Trump and North Korea's Kim Jong Un cou
Published 10 Mar, 2018 12:00am
Rubber lower
Exchange

Rubber lower

Benchmark Tokyo rubber futures erased early gains to hit a one-week low on Friday, as the market came under pressure from sharp losses in Shanghai futures. The Tokyo Commodity Exchange rubber contract for August delivery finished 1.9 yen lower at 189.8 ye
Published 10 Mar, 2018 12:00am
New York cocoa climbs to 16-month high, sugar stabilizes

New York cocoa climbs to 16-month high, sugar stabilizes

New York cocoa futures rose to a 16-month high on Friday, extending this week's strong advance, while raw sugar was hovering just above an eight-month low set earlier this week. May New York cocoa was up $17, or 0.7 percent, at $2,510 a tonne at 1447 GMT
Published 10 Mar, 2018 12:00am
Gold down in Asia

Gold down in Asia

Gold prices extended losses into a third session on Friday as the dollar strengthened against the yen on hopes of easing tensions between the United States and North Korea and ahead of US non-farm payroll data later in the day. US President Donald Trump s
Published 10 Mar, 2018 12:00am
Gold slips in Europe
Exchange

Gold slips in Europe

Gold prices fell on Friday after strong US jobs data increased the likelihood of interest rate rises and as the potential for easing tensions with North Korea sapped safe-haven demand. Data showed US job growth surged in February, recording its biggest in
Published 10 Mar, 2018 12:00am
US MIDDAY: wheat, soya drop

US MIDDAY: wheat, soya drop

Chicago wheat and soyabean futures fell sharply on Friday in a technical sell-off following US government data on Thursday that raised the outlook for end-of-season stockpiles of the crops, traders said.
Published 10 Mar, 2018 12:00am
US MIDDAY: gold off lows
Exchange

US MIDDAY: gold off lows

Gold prices bounced off their lows on Friday after the US dollar slipped against most of its peers as slowing wage gains foreshadowed a gradual inflation increase this year. US jobs growth posted its biggest increase in February in more than 1-1/2 years.
Published 10 Mar, 2018 12:00am
BankIslami signs strategic alliance with Lootlo.pk

BankIslami signs strategic alliance with Lootlo.pk

BankIslami Pakistan & Lootlo.pk - a leading online shopping portal in Pakistan, have signed a strategic alliance, enabling the BankIslami Debit Card holders to avail discounts via internet shopping. The Website www.lootlo.pk is an e-Commerce Business foru
Published 10 Mar, 2018 12:00am
17 high risk districts: all set to launch anti-polio drive from March 12

17 high risk districts: all set to launch anti-polio drive from March 12

The upcoming anti-polio campaign has been planned in 17 high risk districts of the province from March 12 including Afghan refugees' camps wherein 4.437 million children under the age of five will be vaccinated. This was decided in a meeting held here at
Published 10 Mar, 2018 12:00am
IT Ministry's ex-secretary nabbed

IT Ministry's ex-secretary nabbed

NAB Rawalpindi arrested Farooq Awan, Ex-Secretary Ministry of Information Technology in case of the investigation against him and others regarding misuse of authority to give illegal benefits to M/S Midas, said a press release. As per details, Farooq Awan
Published 10 Mar, 2018 12:00am
Contracts of Rs 50 million or above NAB DGs directed to submit copies

Contracts of Rs 50 million or above NAB DGs directed to submit copies

NAB chairman Javed Iqbal chaired a high-level meeting at NAB Headquarters and reviewed overall progress since after he took over the responsibilities of NAB chairman. He expressed his satisfaction over the performance of NAB and directed operations and pr
Published 10 Mar, 2018 12:00am
NBP inaugurates 'Aitemaad' Islamic banking branch in Islamabad

NBP inaugurates 'Aitemaad' Islamic banking branch in Islamabad

The National Bank of Pakistan (NBP) in its quest to promote Islamic Banking in Pakistan has inaugurated another new branch of Aitemaad at I&T Centre, located in the Sector G-9/1 of Islamabad, taking the total number of Islamic banking branches to 170.
Published 10 Mar, 2018 12:00am
Total Parco participates in Pakistan Auto Show 2018

Total Parco participates in Pakistan Auto Show 2018

Total Parco Pakistan Limited participated in the Pakistan Auto Show 2018, held at the Expo Centre, Lahore, from 2nd to 4th March 2018. The event is organized by PAAPAM (Pakistan Association of Automotive Parts and Accessories Manufacturers). It is the lar
Published 10 Mar, 2018 12:00am
Tax deduction: FBR modifies process of obtaining exemption

Tax deduction: FBR modifies process of obtaining exemption

In order to facilitate taxpayers and be part of ease of doing business, the Federal Board of Revenue (FBR) has modified the process of obtaining exemption from deduction of tax under section 153 of the Income Tax Ordinance, 2001. According to the FBR's in
Published 10 Mar, 2018 12:00am
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