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Print - 2018-03-14
Germany sack women's football coach

Germany sack women's football coach

Germany have sacked national women's coach Steffi Jones after a string of poor performances in the SheBelieves Cup in the United States. The two-time world champions finished last at the meeting of the world's top women's teams with a single point from th
Published 14 Mar, 2018 12:00am
Muhammad Ahmad made FPCCI body chairman
Exchange

Muhammad Ahmad made FPCCI body chairman

Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) Vice-President and Regional Chairman Arfan Yousaf has appointed Muhammad Ahmad President Gold and Gems Art Promotion Council and Chairman Lahore Division Sarafa and Jewellers Association a
Published 14 Mar, 2018 12:00am
Sixth SAARC event: 35-member businessmen panel leaves for Nepal

Sixth SAARC event: 35-member businessmen panel leaves for Nepal

A 35-member businessmen delegation Tuesday left for Kathmandu, Nepal to participate in three-day "6th SAARC Business Leaders Conclave, commencing from March 16, will explore the investment avenues in agriculture, industrial and energy sectors and promote
Published 14 Mar, 2018 12:00am
US will continue to extend financial aid to Pakistan: CG

US will continue to extend financial aid to Pakistan: CG

The US keen to promote the tempo of bilateral relations with Pakistan and in this connection it will continue to support Pakistan with necessary financial aid, said Ms Elizabeth Kennedy Trudeau, the US Consulate General Lahore. During a meeting with Presi
Published 14 Mar, 2018 12:00am
PRGTTI, Home Net sign MoU

PRGTTI, Home Net sign MoU

Home Net Pakistan and Pakistan Readymade Garments Technical Training Institute (PRGTTI) signed a Memorandum of understanding on Tuesday under the Oxfam project "Policy and practice of women home base worker at Sindh and Punjab". The ceremony took place at
Published 14 Mar, 2018 12:00am
French trade team to visit Pakistan soon: envoy
Exchange

French trade team to visit Pakistan soon: envoy

French Ambassador to Pakistan Marc Barety on Tuesday said that France and Pakistan are enjoying highly cordial relations in different fields since long. Addressing the members of Sialkot Chamber of Commerce and Industry (SCCI) he underscored the need of c
Published 14 Mar, 2018 12:00am
Iranian FM meets Janjua

Iranian FM meets Janjua

Iranian delegation headed by Foreign Minister of Iran, Javad Zarif called on National Security Adviser Lieutenant General Nasser Khan Janjua (retd) on Tuesday and expressed their profound satisfaction over upward trajectory of improving relations. Iranian
Published 14 Mar, 2018 12:00am
NA, PA constituencies: ANP invites applications from candidates

NA, PA constituencies: ANP invites applications from candidates

Provincial president, ANP Khyber Pakhtunkhwa Ameer Haider Khan Hoti has invited applications from the interested candidates for the remaining National Assembly and provincial Assembly constituencies of the changes and newly conducted delimitations. The de
Published 14 Mar, 2018 12:00am
Shahbaz condoles death of Saudi Royal family member

Shahbaz condoles death of Saudi Royal family member

Punjab Chief Minister Shahbaz Sharif has expressed a deep sense of sorrow and grief over the death of senior member of royal family of Saudi Arabia, Prince Bandar Bin Khalid Bin Abdul Aziz.
Published 14 Mar, 2018 12:00am
Pharma sector planning to go on strike across Punjab

Pharma sector planning to go on strike across Punjab

Pharmacies and medical stores across Punjab have convened a meeting in the current week to finalise shutter down strike for an indefinite period against the Punjab government's efforts to regularize the sector. Pharmacies have concerns the current Drug Ac
Published 14 Mar, 2018 12:00am
Defence minister visits Mushaf Airbase Sargodha

Defence minister visits Mushaf Airbase Sargodha

Minister for Defence, Engr. Khurram Dastgir Khan visited Mushaf Airbase Sargodha to review operations of the base as well as to be briefed on the newly-established Airpower Centre of Excellence (ACE). On the way to Mushaf Airbase, the minister witnessed a
Published 14 Mar, 2018 12:00am
Nawaz praises Shahbaz's development projects

Nawaz praises Shahbaz's development projects

Pakistan Muslim League-N leader Nawaz Sharif has lauded the developmental projects and performance of Punjab Chief Minister Shahbaz Sharif during his addresses to the party's central committee on many occasions; a Punjab government spokesman said here on
Published 14 Mar, 2018 12:00am
Another Careem driver killed

Another Careem driver killed

In a shocking incident, another driver of a ride-hailing service, Careem, was shot dead in the federal capital on late Monday night, the company said in a statement. "We sadly announce that our Captain Sajawal Ameer was killed last night at 10:35 pm in a
Published 14 Mar, 2018 12:00am
Fair chances of Rajab moon sighting on March 18

Fair chances of Rajab moon sighting on March 18

There are fair chances of sighting the new moon of Rajab, 1439 AH on the evening of March 18 (Sunday) ie on 29th of Jamadi-us-Sani, 1439 AH. Met office reported that the new moon of Rajab, 1439 AH will born on crossing conjunction point at 18-14 PST on 17
Published 14 Mar, 2018 12:00am
Collective approach vital for tackling child abuse: Marriyum

Collective approach vital for tackling child abuse: Marriyum

Minister of State for Information, Broadcasting, National History and Literary Heritage Marriyum Aurangzeb on Tuesday called for collective efforts to tackle the problem of child abuse in the society. Speaking as chief guest at a workshop on "Child Protec
Published 14 Mar, 2018 12:00am
ACCA to host PLC 2018 in three cities

ACCA to host PLC 2018 in three cities

ACCA Pakistan will host the Pakistan Leadership Conversation (PLC) 2018 in three cities Islamabad, Karachi and Lahore on March 21, 22 and 27, in Islamabad, Karachi and Lahore respectively. ACCA Pakistan Leadership Conversation is a critical forum for thou
Published 14 Mar, 2018 12:00am
Five-year gap in education: LHC rescinds policy of denying admissions

Five-year gap in education: LHC rescinds policy of denying admissions

The Lahore High Court struck down a policy which bars admissions in educational institutions after a gap of five years in education and observed that the right to education cannot be denied to any citizen. The court ruled, "right to education is a fundame
Published 14 Mar, 2018 12:00am
Contempt petitions: hearing today

Contempt petitions: hearing today

The Supreme Court will hear contempt petitions against former Prime Minister Nawaz Sharif, Khawaja Saad Rafiq and Daniyal Aziz today (Wednesday). A three-member bench, headed by Chief Justice of Pakistan Mian Saqib Nisar, will hear petitions regarding dis
Published 14 Mar, 2018 12:00am
Conviction in NRO case: SC dismisses Gilani's review petition

Conviction in NRO case: SC dismisses Gilani's review petition

The Supreme Court on Tuesday dismissed review petition filed by former prime minister Yusuf Raza Gilani against his 2012 conviction in the National Reconciliation Ordinance (NRO) case. A three-member bench of the apex court headed by Chief Justice Mian Sa
Published 14 Mar, 2018 12:00am
Iran, Pakistan may emerge strong economic partners: Zarif
Exchange

Iran, Pakistan may emerge strong economic partners: Zarif

Iran will never allow anyone to use its soil to harm Pakistan and same is expected from the other end. Both neighborly countries have deep religious and cultural ties which should be transformed into strong economic cooperation to the benefit of the two n
Published 14 Mar, 2018 12:00am
PU launches research for unpolluted vegetables

PU launches research for unpolluted vegetables

Punjab University Institute of Agriculture and Research has launched a research project to provide unpolluted, fresh and organic vegetables to citizens. On the directions of PU Vice Chancellor Professor Dr Zakria Zakar, a piece of 21 Kanal land situated a
Published 14 Mar, 2018 12:00am
Setting up of mini-industrial estates on the cards

Setting up of mini-industrial estates on the cards

The Punjab government is actively considering establishing mini-industrial estates in remote and less developed areas of the Province. The objectives of the proposed programme were to promote small-scale agro based and other industries in the province. Th
Published 14 Mar, 2018 12:00am
FPCCI chief terms Gwadar Port 'Future Jewel'

FPCCI chief terms Gwadar Port 'Future Jewel'

FPCCI vice president Tariq Haleem attended the inaugural ceremony of the liner service to Gwadar Port by vessel MS Tiger. Speaking at the ceremony he said it was indeed a very historic occasion and a success story under the auspices of China Overseas Port
Published 14 Mar, 2018 12:00am
NFL holds event to mark International Women's' Day

NFL holds event to mark International Women's' Day

Celebrating women everywhere, National Foods Limited (NFL) hosted an event for the International Women's' Day 2018, with the theme chosen for this year, Press For Progress. With the rise of female presence in the corporate world, NFL invited multiple nota
Published 14 Mar, 2018 12:00am
Ideal Autonetics to organise workshop on IT today

Ideal Autonetics to organise workshop on IT today

Partnerships between academia and industry are nothing new, but with the passage of time the dynamics have changed with emergence of IT. As such Ideal Autonetics (Private) Limited, is organizing an event related to Information Technology with a goal to cr
Published 14 Mar, 2018 12:00am
IMC bags 'MAP Excellence Award'

IMC bags 'MAP Excellence Award'

Indus Motor Company (IMC) has been awarded with the Management Association of Pakistan's (MAP) Corporate Excellence Award in the "Industrial Category" for demonstrating excellence in corporate management during the year 2017. This is 33rd MAP Corporate Ex
Published 14 Mar, 2018 12:00am
Rain, gusty winds forecast for upcountry

Rain, gusty winds forecast for upcountry

The Met Office on Tuesday forecast rain/thundershower with gusty winds for most of the upcountry, asking farmers for taking steps to protect their crops and livestock from rainy effects. Scattered rain/thundershower with gusty winds is expected in Khyber
Published 14 Mar, 2018 12:00am
Bid to smuggle 9,800 kgs of betel nut foiled

Bid to smuggle 9,800 kgs of betel nut foiled

Model Customs Collectorate (MCC) Appraisement East has foiled another attempt to bring 9800 kilograms of betel nut into the country under the guise of 'Turmeric finger'. According to details, the credible information was received that M/s, Best Hope Enter
Published 14 Mar, 2018 12:00am
SU, PSX sign MoU
Exchange

SU, PSX sign MoU

A Memorandum of Understanding (MoU) was signed between Institute of Business Administration, University of Sindh and Pakistan Stock Exchange, Karachi. VC SU Professor Dr Fateh Muhammad Burfat and PSX Deputy Managing Director Youhang signed the agreement.
Published 14 Mar, 2018 12:00am
Mari Petroleum Company Limited
Mutual Funds

Mari Petroleum Company Limited

The E&P sector has four listed companies, and Mari Petroleum Company Limited (PSX: MPCL) is one of them. The E&P Company formerly known as Mari Gas Company Limited is one of the key gas exploration and production player in the sector. It has now become th
Published 14 Mar, 2018 12:00am
Mari Petroleum Company Limited
Mutual Funds

Mari Petroleum Company Limited

The E&P sector has four listed companies, and Mari Petroleum Company Limited (PSX: MPCL) is one of them. The E&P Company formerly known as Mari Gas Company Limited is one of the key gas exploration and production player in the sector. It has now become th
Published 14 Mar, 2018 12:00am
King Abdul Aziz Medal of Excellence conferred on CNS

King Abdul Aziz Medal of Excellence conferred on CNS

Chief of the Naval Staff, Admiral Zafar Mehmood Abbasi, who is on an official visit to Kingdom of Saudi Arabia (KSA) on the invitation of Commander Royal Saudi Naval Forces was conferred with King Abdul Aziz Medal of Excellence' by Chief of General Staff
Published 14 Mar, 2018 12:00am
CM invites Iranian companies to invest in Sindh

CM invites Iranian companies to invest in Sindh

Sindh Chief Minister, Syed Murad Ali Shah, has invited the Iranian companies to invest in coal-fired power plants and other projects in the province. Speaking at a meeting of Iran Pakistan Business Forum, he invited investors from Iran to avail the potent
Published 14 Mar, 2018 12:00am
'Tarang' Liquid Tea-Whitener safe for consumption

'Tarang' Liquid Tea-Whitener safe for consumption

In recent court proceedings relating to 'Tea Whiteners' safety and formulation, the court has declared that Tarang - Liquid Tea Whitener is a completely safe product for consumption. It enhances the flavour of tea, while reducing the cost per cup, as it p
Published 14 Mar, 2018 12:00am
Dr Ishrat meets SU VC
Exchange

Dr Ishrat meets SU VC

Former Governor State Bank of Pakistan, former Director-IBA Karachi, Sindh University alumnus and one-time SU faculty Dr Ishrat Hussain called on Vice Chancellor Sindh University Professor Dr Fateh Muhammad Burfat at his camp office on Tuesday. The two di
Published 14 Mar, 2018 12:00am
Two nabbed on gas-theft charges

Two nabbed on gas-theft charges

Sui Southern Gas Company (SSGC) has arrested two miscreants who were using gas directly from main gas pipe line in Karachi's Saddar area. SSGC's CGTO team along with SSGC Police carried out raids in a Saddar area where the two culprits were stealing gas f
Published 14 Mar, 2018 12:00am
US MIDDAY: gold springs back

US MIDDAY: gold springs back

Gold prices turned positive on Tuesday as the US dollar lost ground after news that US President Donald Trump replaced Secretary of State Rex Tillerson, while US inflation data was in line with forecasts. Spot gold was up 0.3 percent at $1,326.49 an ounce
Published 14 Mar, 2018 12:00am
US MIDDAY: corn climbs

US MIDDAY: corn climbs

US corn futures climbed to a seven-month high on Tuesday, buoyed by robust export demand amid drought conditions in No. 3 global shipper Argentina, traders said. Soyabeans also rose as rains forecast this week in Argentina were likely to provide only limi
Published 14 Mar, 2018 12:00am
Gold rises in Europe

Gold rises in Europe

Gold bounced into positive territory on Tuesday as the dollar lost ground after news that US President Donald Trump has replaced Secretary of State Rex Tillerson while US inflation data was in line with forecasts. Spot gold was up 0.1 percent at $1,323.28
Published 14 Mar, 2018 12:00am
Gold dips in Asia

Gold dips in Asia

Gold prices fell on Tuesday on a firmer dollar as investors waited for US consumer price data due later in the day to gauge the outlook for inflation and the Federal Reserve's rate hike stance. Spot gold was down 0.2 percent at $1,319.87 per ounce as of 0
Published 14 Mar, 2018 12:00am
Gold down in New York

Gold down in New York

Gold prices dipped on Monday as the previous session's upbeat US payrolls data sparked a fresh rally in equities, shoring up expectations that the US Federal Reserve would press ahead with further interest rate rises this year. World stocks hit a two-week
Published 14 Mar, 2018 12:00am
Raw sugar at 8-1/2-month low, London cocoa off high

Raw sugar at 8-1/2-month low, London cocoa off high

Raw sugar futures tumbled to an 8-1/2-month low on Tuesday, on chart-based selling after failing to rise above 13 cents per lb for the third straight session, while London cocoa turned lower after tapping a 13-month high. May raw sugar settled down 0.31 c
Published 14 Mar, 2018 12:00am
Palm oil gains on stronger rival oils, improved demand
Vegetable Oil

Palm oil gains on stronger rival oils, improved demand

Malaysian palm oil futures rose on Tuesday evening, lifted by strength in rival edible oils and as demand expectations improved, traders said. "We're seeing a bit of bargain-buying ... Exports could improve as buyers rush to take advantage of Malaysia's t
Published 14 Mar, 2018 12:00am
Rubber erases early gains
Exchange

Rubber erases early gains

Benchmark Tokyo rubber futures erased early gains to end slightly lower on Tuesday, weighed down by stock overhang in Japan that heightened worries over slack global demand. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in
Published 14 Mar, 2018 12:00am
US crude falls one percent on concerns over rising output

US crude falls one percent on concerns over rising output

Oil fell more than 1 percent on concerns over rising US production and as equities fell, erasing earlier gains driven in part by the firing of US Secretary of State Rex Tillerson. Brent crude futures dropped 31 cents, or 0.5 percent, to settle at $64.64 p
Published 14 Mar, 2018 12:00am
Libya's Zawiya oil port loadings resume

Libya's Zawiya oil port loadings resume

Libya's Zawiya oil terminal returned to normal operations on Tuesday after workers who were blocking ships from docking agreed to end a one-day strike, two sources said. Zawiya exports crude from Libya's giant El Sharara oilfield, which produces 300,000 b
Published 14 Mar, 2018 12:00am
Aluminium supported as China seen sustaining supply cuts
Exchange

Aluminium supported as China seen sustaining supply cuts

Aluminium prices inched higher on Tuesday on speculation China may sustain supply cuts after winter production curbs expire in two days. Benchmark aluminium on the London Metal Exchange ended 0.6 percent higher at $2,103 per tonne, after touching a Dec. 1
Published 14 Mar, 2018 12:00am
Shanghai aluminium slips to lowest since December 2016
Exchange

Shanghai aluminium slips to lowest since December 2016

Shanghai aluminium prices fell more than 2 percent on Tuesday, slipping below the 14,000 yuan ($2,213) a tonne mark for the first time since late 2016, just two days before winter output restrictions on Chinese smelters are due to be lifted. The most trad
Published 14 Mar, 2018 12:00am
Turkish forces 'surround' Syrian Kurdish city

Turkish forces 'surround' Syrian Kurdish city

Turkey said Tuesday its army and allied rebels had surrounded the Kurdish city of Afrin in northern Syria, raising the prospect of another devastating siege in the country's long conflict. Syria's war enters its eighth year this week with clashes raging o
Published 14 Mar, 2018 12:00am
Nepal's first female president wins second term

Nepal's first female president wins second term

Nepal's lawmakers Tuesday elected President Bidya Bhandari for a second term, extending the tenure of the Himalayan nation's first female head of state for another five years. Bhandari took nearly two-thirds of the vote to retain her position as ceremonia
Published 14 Mar, 2018 12:00am
Refugee claims by Venezuelans surging: UN

Refugee claims by Venezuelans surging: UN

Nearly 100,000 people who fled Venezuela have claimed refugee status since the start of 2017, the UN said Tuesday, as it ramped up response plans for a displacement crisis likely to worsen. The UN refugee agency said the number of Venezuelans who have sou
Published 14 Mar, 2018 12:00am
Saudi cabinet approves national atomic policy

Saudi cabinet approves national atomic policy

Saudi Arabia's cabinet on Tuesday approved the national policy of its atomic energy programme, state media said, as the kingdom prepares to award contracts for its first nuclear power plants. The policy insists on limiting nuclear activities to peaceful p
Published 14 Mar, 2018 12:00am
US gives Philippine air force first drones

US gives Philippine air force first drones

The United States gave the Philippine air force its first surveillance drone system on Tuesday, as the two nations step up cooperation in the battle against jihadist militants. Washington has been boosting its backing for Philippine counter-terror efforts
Published 14 Mar, 2018 12:00am
London mosques get listed status celebrating Muslim heritage

London mosques get listed status celebrating Muslim heritage

Two London mosques were given special listed status Tuesday in recognition of their architectural and historic importance, in a move a government minister said celebrated "the rich heritage of Muslim communities in England". The London Central Mosque and
Published 14 Mar, 2018 12:00am
Healthcare in US costs twice as much as other rich nations

Healthcare in US costs twice as much as other rich nations

The United States spends almost twice as much on healthcare as other rich nations, largely because everything from drugs to devices to doctors' pay simply costs more, researchers said Tuesday. The study by researchers at Harvard University and the London
Published 14 Mar, 2018 12:00am
Netanyahu government reaches deal to avoid snap polls

Netanyahu government reaches deal to avoid snap polls

Israel's government reached a deal on Tuesday to avoid snap elections after days of speculation over the motives of Prime Minister Benjamin Netanyahu, facing possible indictment for corruption. The deal comes after some coalition partners had accused Neta
Published 14 Mar, 2018 12:00am
Baghdad ends air blockade of Iraqi Kurdistan

Baghdad ends air blockade of Iraqi Kurdistan

Iraqi authorities said Tuesday they were lifting a nearly six-month air blockade imposed on Iraqi Kurdistan in response to its holding of an independence referendum. Federal authorities imposed the blockade in September after Iraqi Kurdistan voted overwhe
Published 14 Mar, 2018 12:00am
Venus knocks out Serena, Wozniacki marches on

Venus knocks out Serena, Wozniacki marches on

Serena Williams' return to the WTA Tour came to an abrupt end Monday as she crashed out of Indian Wells with a 6-3, 6-4 loss to her sister Venus. Venus closed out the 29th career meeting between the two on her second match point as Serena sailed a forehan
Published 14 Mar, 2018 12:00am
Ufone Balochistan Football Cup kicks off

Ufone Balochistan Football Cup kicks off

Balochistan's favourite brand Ufone is bringing back the second edition of the Balochistan Football Cup from Wednesday (today). The championship signifies the company's commitment in promoting sports and engaging the youth in healthy activities. This year
Published 14 Mar, 2018 12:00am
Federer rolls into fourth round

Federer rolls into fourth round

World number one Roger Federer stepped up his bid for a sixth Indian Wells Masters title with a 6-2, 6-1 demolition of Filip Krajinovic on Monday. The 36-year-old marvel continues to defy the ageing process as he needed just 58 minutes to overpower the Se
Published 14 Mar, 2018 12:00am
FIFA delegation heads to Greece over football unrest

FIFA delegation heads to Greece over football unrest

FIFA is sending officials to Greece to discuss football unrest, the sport's governing body said Tuesday, amid a gun controversy that prompted the indefinite suspension of the championship. FIFA director for Europe Bjorn Vassallo said a delegation would tr
Published 14 Mar, 2018 12:00am
Pakistan hockey team for C'wealth Games announced

Pakistan hockey team for C'wealth Games announced

Pakistan Hockey Federation (PHF) has announced an 18-member Pakistan hockey team to participate in the Commonwealth Games, to be held in Gold Coast, Australia from April 4 to 15. Mohammad Rizwan Senior has been named as Captain while Immad Shakeel Butt is
Published 14 Mar, 2018 12:00am
Injured Rumman ruled out for remaining PSL matches

Injured Rumman ruled out for remaining PSL matches

Pacer Rumman Raees of the Islamabad United has been ruled out from the remaining HBL PSL-III tournament, said a PCB spokesman on Tuesday. Errol Alcott, the Islamabad United physio has been in discussion with the knee specialist who has reviewed Rumman at
Published 14 Mar, 2018 12:00am
Early trade in New York: dollar slides against most major currencies

Early trade in New York: dollar slides against most major currencies

The dollar fell against most major currencies on Tuesday after US inflation data for February came in line with expectations, suggesting the Federal Reserve remained on track to raise interest rates at a gradual pace. The dollar also lost traction after U
Published 14 Mar, 2018 12:00am
Dollar surges past 107 yen in Europe
Currency

Dollar surges past 107 yen in Europe

The dollar surged against the yen on Tuesday, heading for its biggest single-day rise in five months, before inflation data later in the day that may alter expectations for US interest rate moves this year. Markets have priced in 75 basis points of rate r
Published 14 Mar, 2018 12:00am
Yen clings to gains in Asia
Currency

Yen clings to gains in Asia

The yen held firm against the dollar on Tuesday as a political scandal engulfing Japanese Prime Minister Shinzo Abe's government raised doubts about his ability to continue to pursue his economic policies, including monetary easing. The yen traded at 106.
Published 14 Mar, 2018 12:00am
Dubai deal triggers Somalia port row with breakaway north

Dubai deal triggers Somalia port row with breakaway north

Somalia's parliament has declared "null and void" a port deal signed by breakaway Somaliland that has raised tensions between Mogadishu and Hargeisa. Dubai-based DP World this month struck a deal giving Ethiopia a 19-percent stake in Somaliland's Berbera
Published 14 Mar, 2018 12:00am
French auto giant to set up assembly plant in Namibia

French auto giant to set up assembly plant in Namibia

French car giant PSA announced Monday it would start assembling Peugeot and Opel brands in Namibia in the second half of 2018. Under an investment agreement with the Namibian government, PSA - whose brands also include Citroen, DS and Vauxhall - will reac
Published 14 Mar, 2018 12:00am
China's bike-share app Ofo raises $850 million to expand overseas

China's bike-share app Ofo raises $850 million to expand overseas

Chinese bike-sharing start-up Ofo announced Tuesday that it has raised around $850 million from investors including e-commerce giant Alibaba, to finance its overseas expansion while it battles rivals in China. Ofo, whose lemon-yellow bicycles are ubiquito
Published 14 Mar, 2018 12:00am
German automakers biggest spenders on electric cars

German automakers biggest spenders on electric cars

Germany's massive car industry is the biggest investor worldwide in electric vehicles, a study published Monday found, as it scrambles under increasing pressure to adopt low-emissions technology. Over the past two years, German carmakers Volkswagen, Daiml
Published 14 Mar, 2018 12:00am
Apple buys digital magazine subscription service

Apple buys digital magazine subscription service

Apple announced Monday it is buying digital magazine subscription service Texture, adding to the side of its business aimed at making money from online content or services. The iPhone maker did not disclose financial terms of the deal to buy Texture from
Published 14 Mar, 2018 12:00am
Britain funds export of CSeries jets in aftermath of trade row

Britain funds export of CSeries jets in aftermath of trade row

Britain has thrown financial support for the first time behind exports of Bombardier CSeries jets part-built by Northern Ireland workers caught up in a recent trade row. Export credit agency UK Export Finance said the financing for jets being delivered to
Published 14 Mar, 2018 12:00am
Abundant rains to boost Ivory Coast cocoa mid-crop

Abundant rains to boost Ivory Coast cocoa mid-crop

Abundant rainfall in many of Ivory Coast's cocoa-growing regions last week will boost the size and quality of upcoming mid-crop harvest, farmers said on Monday. The world's top cocoa producer is emerging from a three-month dry season and entering the rain
Published 14 Mar, 2018 12:00am
Cotton market: spot rate firm amid lacklustre business
Cotton

Cotton market: spot rate firm amid lacklustre business

No change was witnessed on the cotton market on Tuesday as spinners kept on the sidelines due to less buying interest, dealers said. The official spot rate was unchanged at Rs 7400, they added. In Sindh and Punjab prices were at Rs 2800-3100, they said.
Published 14 Mar, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 112,023 tonnes of cargo comprising 64,185 tonnes of import cargo and 47,838 tonnes of export cargo including 3,277 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 64,
Published 14 Mar, 2018 12:00am
European wheat prices edge lower on firm euro

European wheat prices edge lower on firm euro

European wheat prices edged lower on Monday, pressured by weaker US markets, the closure of the front month contract and a firm euro against the dollar, traders said. May milling wheat on Paris-based Euronext, fell 0.3 percent by 1657 GMT to 162.75 euros
Published 14 Mar, 2018 12:00am
Argentina approves GMO varieties for corn and soyabeans

Argentina approves GMO varieties for corn and soyabeans

Argentina, one of the world's leading exporters of foodstuffs, approved on Tuesday the use of two corn GMO varieties belonging to Syngenta and the local unit of Dow Chemical, and one soya GMO variety belonging to Bayer SA. The norm, detailed in three reso
Published 14 Mar, 2018 12:00am
Taiwan buys 52,000 tonnes of South African corn

Taiwan buys 52,000 tonnes of South African corn

Taiwan's feed industry procurement association MFIG purchased about 52,000 tonnes of corn expected to be sourced from South Africa in an international tender on Friday, European traders said. The yellow corn was all bought at a premium of 193 US cents c&f
Published 14 Mar, 2018 12:00am
CBOT corn futures flat

CBOT corn futures flat

Chicago Board of Trade corn futures finished nearly unchanged on Monday, with some contracts easing about 0.1 percent on technical selling in the wake of last week's seven-month highs, traders said. Corn was supported by small gains in wheat and soybean p
Published 14 Mar, 2018 12:00am
Growth in Russian wheat export prices fall last week

Growth in Russian wheat export prices fall last week

Growth in Russian wheat export prices slowed last week in step with the trend in global markets, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content were at $208 a tonne on a free-on-board (FOB) basis at the end o
Published 14 Mar, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,247. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.486 billion and the number of lots traded was 7,029.
Published 14 Mar, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (March 13, 2018).

Published 14 Mar, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 13, 2018).
Published 14 Mar, 2018 12:00am
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