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Print - 2018-06-30
Yousufi's inimitable brand of humour

Yousufi's inimitable brand of humour

We learned to laugh from Mushtaq Ahmed Yousufi and he learned how to make people laugh. Humour is the quality of being amusing or comic, especially as expressed in literature or speech. Mushtaq Ahmed Yousufi was humour's Lord and with his demise on 20th J
Published 30 Jun, 2018 12:00am
China's high-quality wheat acreage rises

China's high-quality wheat acreage rises

China's summer grains acreage was expected to be at 408 million mu (27.2 million hectares), slightly down from last year, the country's Ministry of Agriculture and Rural Affairs said in a statement on Tuesday. Wheat yield was down after rains during plant
Published 30 Jun, 2018 12:00am
CBOT wheat futures higher on bargain buying

CBOT wheat futures higher on bargain buying

Wheat futures on the Chicago Board of Trade closed higher on Wednesday on bargain buying after a three-session slide pushed the CBOT September contract to one-week low, traders said. CBOT September soft red winter wheat settled up 5-1/2 cents at $4.88-1/2
Published 30 Jun, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,569. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.045 billion and the number of lots traded was 6,326.
Published 30 Jun, 2018 12:00am
CBOT soyabean futures firmer

CBOT soyabean futures firmer

Chicago Board of Trade soyabean futures firmed at times on Wednesday, but the rally evaporated by the end of the day despite the White House announcing it would take a softer approach to Chinese acquisitions of sensitive US technologies. CBOT August soyab
Published 30 Jun, 2018 12:00am
Asian naphtha eases to three-session low

Asian naphtha eases to three-session low

Asia's naphtha eased to a three-session low of $73.38 a tonne on Wednesday as high oil prices countered firm demand. Taiwan's Formosa Petrochemical, also Asia's top naphtha importer by volume, was out to buy open-specification naphtha for Aug. 11 to 20 de
Published 30 Jun, 2018 12:00am
CBOT corn up on choppy trade

CBOT corn up on choppy trade

Chicago Board of Trade corn futures wavered through a choppy day of trading on Wednesday, and ended narrowly up as traders wrestled with mixed signals ahead of two key US government crop reports. CBOT September corn settled the day up 1/2 cent at $3.61-3/
Published 30 Jun, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 163,608 tonnes of cargo comprising 125,352 tonnes of import cargo and 38,256 tonnes of export cargo including 7,264 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 125
Published 30 Jun, 2018 12:00am
Cotton market: steadier trend on subdued business
Cotton

Cotton market: steadier trend on subdued business

A kind of firmness prevailed on the cotton market on Friday as the prices almost maintained overnight levels in the process of subdued business activity, dealers said. The official spot rate was unmoved Rs 7,600, they added. Prices of seed cotton in Sindh
Published 30 Jun, 2018 12:00am
Euronext wheat futures rise on sharp euro fall

Euronext wheat futures rise on sharp euro fall

Euronext wheat futures rose on Wednesday, supported by a rebound in Chicago and a sharp drop in the euro, while cash prices in France and Germany were underpinned by slow farmer selling. December milling wheat, the most active position on Paris-based Euro
Published 30 Jun, 2018 12:00am
California, home of Silicon Valley, ramps up online privacy law

California, home of Silicon Valley, ramps up online privacy law

California on Thursday passed a strict new law aimed at protecting people's privacy online, a move that promised to shift the terrain on which internet firms operate in the wake of recent scandals. The bill, signed into law by Governor Jerry Brown, follow
Published 30 Jun, 2018 12:00am
Adidas warns US customers of possible data breach

Adidas warns US customers of possible data breach

German sportswear maker Adidas has warned some Americans who shopped with the company online that their data may have been stolen. "On June 26, Adidas became aware that an unauthorised party claims to have acquired limited data associated with certain Adi
Published 30 Jun, 2018 12:00am
Novartis plans spinoff of Alcon, $5 billion share buy-back

Novartis plans spinoff of Alcon, $5 billion share buy-back

Swiss pharmaceutical giant Novartis said Friday it planned to cut loose its Alcon eye care division, and aimed to buy back $5.0 billion of its own shares by the end of 2019. Novartis said that by spinning off Alcon, it would be able to better focus on its
Published 30 Jun, 2018 12:00am
Greece's long-term debt prospects 'uncertain': IMF

Greece's long-term debt prospects 'uncertain': IMF

Greece's long-term debt prospects are uncertain, the International Monetary Fund said Friday, questioning the country's ability to maintain high budget surpluses to 2060 under a recent eurozone deal. "The debt relief recently agreed with Greece's European
Published 30 Jun, 2018 12:00am
French inflation picks up to near six-year high

French inflation picks up to near six-year high

French inflation picked up to a near six-year high in June, lending support to the European Central Bank's decision to close its bond-buying programme but signalling a squeeze for consumers in the euro zone's second-biggest economy.
Published 30 Jun, 2018 12:00am
Indonesia hikes rates again to reverse rupiah slump
Currency

Indonesia hikes rates again to reverse rupiah slump

Indonesia's central bank on Friday raised interest rates for the third time in six weeks as it moves to shield the rupiah from a selloff in emerging market currencies. Bank Indonesia raised its key rate to 5.25 percent from 4.75 percent. The rupiah has sl
Published 30 Jun, 2018 12:00am
Eurozone inflation hits 2.0 percent in June
Currency

Eurozone inflation hits 2.0 percent in June

Inflation in the eurozone rose to the symbolically important level of two percent in June, data showed on Friday, fuelled by high oil prices. Eurostat said consumer prices in the 19-country single currency bloc edged higher from 1.9 percent in May, leavin
Published 30 Jun, 2018 12:00am
UK housing market perks up in May but consumers subdued: BoE

UK housing market perks up in May but consumers subdued: BoE

Britain's housing market perked up in May but there were more signs of caution among consumers ahead of Brexit next year, Bank of England figures showed on Friday. The BoE is watching for clear signs that consumer spending has recovered before it raises i
Published 30 Jun, 2018 12:00am
South Korea's Lotte keeps jailed chairman in key position

South Korea's Lotte keeps jailed chairman in key position

South Korean retail giant Lotte Group kept its jailed chairman in a key affiliate post Friday despite an effort by his brother to oust him, re-igniting a bitter family feud. The company has been assailed by scandal in recent years, with the founder's two
Published 30 Jun, 2018 12:00am
Latvia central bank chief indicted for alleged bribery

Latvia central bank chief indicted for alleged bribery

Latvian prosecutors on Friday said they had charged the Baltic eurozone member's suspended central bank chief with taking bribes of half a million euros, which the banker has flatly denied. Long-time central bank chief Ilmars Rimsevics has refused to resi
Published 30 Jun, 2018 12:00am
Former Shell oil trading boss Muller joins Vitol

Former Shell oil trading boss Muller joins Vitol

The world's largest independent oil trading house Vitol is hiring Mike Muller, the former head of crude oil trading at Royal Dutch Shell and once one of Vitol's biggest rivals, a source familiar with the matter said. Muller left Shell in November after 29
Published 30 Jun, 2018 12:00am
China reports rare current account deficit for Q1
Currency

China reports rare current account deficit for Q1

China on Friday posted a final current account deficit of $34.1 billion for the first quarter of 2018, the first deficit since early 2010. The final figure compared with a preliminary deficit of $28.2 billion, the foreign exchange regulator said in a stat
Published 30 Jun, 2018 12:00am
Key US inflation indicator hits six-year high

Key US inflation indicator hits six-year high

A key measure of US inflation hit a six-year high in May, matching the central bank's target, in another sign that price pressures are finally rising, the government reported Friday. The long-awaited rise in the Personal Consumption Expenditures price ind
Published 30 Jun, 2018 12:00am
Brazil equities rally

Brazil equities rally

Brazilian equities jumped more than 1.5 percent on Friday as solid gains on Wall Street and relative political calm helped lure investors back into local stocks, many of which have fallen dramatically in recent weeks. The Bovespa had climbed some 1.52 per
Published 30 Jun, 2018 12:00am
Indian shares rise

Indian shares rise

Indian stocks rose more than 1 percent on Friday, recovering from two straight sessions of declines, led by gains in blue-chips such as Reliance Industries Ltd and Larsen & Toubro Ltd. The broader NSE index ended up 1.18 percent at 10,714.30, yet posted l
Published 30 Jun, 2018 12:00am
Nikkei ends higher

Nikkei ends higher

Japanese shares pared earlier losses and ended Friday on modest gains as Asian equities rebounded from nine-month lows, with the yen's weakening against the dollar also providing support. The Nikkei 225 share average rose 0.15 percent to 22,304.51 after d
Published 30 Jun, 2018 12:00am
Sri Lankan shares up
Currency

Sri Lankan shares up

Sri Lankan shares closed firmer on Friday, recovering from four consecutive sessions of decline to a near 15-month closing low, as investors picked up battered stocks. However, foreign investors continued to offload the island nation's risky assets, limit
Published 30 Jun, 2018 12:00am
Treasury yields hold near one-month lows

Treasury yields hold near one-month lows

US Treasury yields edged higher on Thursday but held near one-month lows as fears about trade wars harming global growth kept up demand for safe haven bonds, while month- and quarter-end rebalancing added to bond buying.
Published 30 Jun, 2018 12:00am
Treasury yields hold near one-month lows

Treasury yields hold near one-month lows

US Treasury yields edged higher on Thursday but held near one-month lows as fears about trade wars harming global growth kept up demand for safe haven bonds, while month- and quarter-end rebalancing added to bond buying.
Published 30 Jun, 2018 12:00am
Australian, New Zealand shares down

Australian, New Zealand shares down

Aussie shares ended lower on Friday as financials and health care stocks weighed on the benchmark, with investors cautious on the last trading day of the fiscal year. The S&P/ASX 200 index fell 20.8 points to close at 6,194.6. The benchmark gained over 3
Published 30 Jun, 2018 12:00am
China stocks recover
Currency

China stocks recover

After a sustained sell-off, China's yuan and stock markets recovered some ground on Friday, yet investors were grappling with some of their worst losses in years as a bitter Sino-US trade row threatened to rattle the world's second-biggest economy. In equ
Published 30 Jun, 2018 12:00am
European stocks shrug off trade worries with quarterly gain

European stocks shrug off trade worries with quarterly gain

European shares ended a decent quarter with a bounce on Friday, enjoying a respite from trade war fears after China eased foreign investment limits. The pan-European STOXX 600 was up 0.8 percent at its close, while Germany's trade-sensitive DAX jumped 1.1
Published 30 Jun, 2018 12:00am
Southeast Asian stocks: Malaysia jumps most in nearly 2-1/2 years

Southeast Asian stocks: Malaysia jumps most in nearly 2-1/2 years

Most Southeast Asian stock markets rose on Friday, with Malaysia posting its sharpest jump in nearly 2-1/2 years, as strong overnight gains on Wall Street helped boost investor sentiment. But for the quarter, all markets logged substantial losses on trade
Published 30 Jun, 2018 12:00am
Britain's FTSE eyes strongest quarter since 2013

Britain's FTSE eyes strongest quarter since 2013

Rises among miners and banks lifted Britain's top share index on Friday as worries over global trade eased, while the index enjoyed its best quarter in five years. The blue chip FTSE 100 index ended the session up 0.3 percent at 7,636.93 points, while mid
Published 30 Jun, 2018 12:00am
KP win All Pakistan Games for Persons with Disabilities trophy

KP win All Pakistan Games for Persons with Disabilities trophy

Khyber Pakhtunkhwa clinched the overall trophy of the 26th edition of the All Pakistan Games for Persons with Disabilities which concluded at Comsats University Sports Complex ground on Friday. Commandant FF Center Abbottabad Brigadier Bukhtiar Akram was
Published 30 Jun, 2018 12:00am
Stokes returns to England ODI squad for India series

Stokes returns to England ODI squad for India series

England's talismanic all-rounder Ben Stokes has been named in the squad for the three-match one-day international series with India after missing the 5-0 whitewash of Australia with a hamstring injury. The 27-year-old New Zealand-born star has not played
Published 30 Jun, 2018 12:00am
Serena faces Rus in Wimbledon first round

Serena faces Rus in Wimbledon first round

Serena Williams will face Arantxa Rus in the Wimbledon first round as the seven-time champion begins her bid to win a first Grand Slam title since becoming a mother. Williams has been seeded 25th by All England Club officials despite dropping to 183 in th
Published 30 Jun, 2018 12:00am
Iran striker retires at 23 over World Cup criticism

Iran striker retires at 23 over World Cup criticism

Iranian striker Sardar Azmoun has announced his retirement from international football aged just 23, saying criticism from fans of his performance at the World Cup had harmed his mother's health. Azmoun, a rising star, who with 11 goals had been Iran's to
Published 30 Jun, 2018 12:00am
Tunisia celebrate first World Cup win for 40 years

Tunisia celebrate first World Cup win for 40 years

Tunisia won their first match at a World Cup for 40 years on Thursday, beating Panama 2-1 to leave Russia on a high. The North African side fell behind to a 33rd-minute own goal from Yassine Meriah but battled back to score twice in the second half throug
Published 30 Jun, 2018 12:00am
Belgium beat England to top spot with Januzaj strike

Belgium beat England to top spot with Januzaj strike

It had been viewed as the game no-one wanted to win but Adnan Januzaj's fine finish early in the second half gave Belgium a 1-0 victory over England to secure top spot in Group G as both sides made wholesale changes to their lineups. The result means Belg
Published 30 Jun, 2018 12:00am
VAR checked 335 incidents in World Cup group stage: FIFA

VAR checked 335 incidents in World Cup group stage: FIFA

FIFA said video assistant referee (VAR) crews conducted checks on 335 incidents during the World Cup group stage, helping achieve a 99.3 percent rate of correct decisions. The VAR system is being used at a World Cup for the first time in Russia.
Published 30 Jun, 2018 12:00am
Messi and Ronaldo gear up for World Cup knockout phase

Messi and Ronaldo gear up for World Cup knockout phase

Cristiano Ronaldo and Lionel Messi take centre stage as the World Cup shifts into high gear at the weekend with the start of the knockout matches in the loaded top half of the draw. Football heavyweights France, Argentina, Portugal and Brazil are all clus
Published 30 Jun, 2018 12:00am
H&M profits pulled down by stock mishaps, declining prices

H&M profits pulled down by stock mishaps, declining prices

Swedish ready-to-wear giant Hennes and Mauritz (H&M) on Thursday said profits fell in the second quarter as too much stock, triggered by logistics problems, pulled prices further down amid declining sales in key markets.
Published 30 Jun, 2018 12:00am
Nike profits jump on surging China sales

Nike profits jump on surging China sales

Nike reported a jump in quarterly earnings Thursday, as sales increases in China and the US and made up for higher marketing costs. The sports apparel and footwear giant also became the latest big company to unveil a large new share repurchase program in
Published 30 Jun, 2018 12:00am
Deutsche Bank USA fails 'stress test': Fed

Deutsche Bank USA fails 'stress test': Fed

German banking giant Deutsche Bank's American operations failed the US Federal Reserve's annual stress test due to "widespread and critical deficiencies" in its risk management, the central bank said Thursday. The Fed gave a "conditional" pass to US inves
Published 30 Jun, 2018 12:00am
Brazil cuts growth estimate after truckers strike

Brazil cuts growth estimate after truckers strike

Brazil's central bank on Thursday slashed the growth estimate for this year by a full point to 1.6 percent largely due to a massive truckers strike in May that hit many sectors of the economy. The Central Bank of Brazil (BCB) previously forecast GDP growt
Published 30 Jun, 2018 12:00am
Bitcoin skids below $6,000
Currency

Bitcoin skids below $6,000

Bitcoin's value slid to its lowest level since November on Friday, as waning investor interest and recent negative headlines from global regulators weakened demand for the cryptocurrency and most of its rivals. Virtual currencies, including the best-known
Published 30 Jun, 2018 12:00am
Euro surges in Asia

Euro surges in Asia

The euro jumped more than a half cent on Friday after European Union leaders reached an agreement on migration, a thorny issue that has threatened EU unity and the fate of German Chancellor Angela Merkel. Still, the dollar index is on course to make its f
Published 30 Jun, 2018 12:00am
Euro jumps in Europe on EU migration agreement
Currency

Euro jumps in Europe on EU migration agreement

The euro jumped on Friday after European Union leaders reached an agreement on migration that eased pressure on German Chancellor Angela Merkel, but traders said the gains may be short-lived because of deep divisions within the EU. A tense summit that dra
Published 30 Jun, 2018 12:00am
Early trade in New York: dollar slips against euro on EU migration deal

Early trade in New York: dollar slips against euro on EU migration deal

The dollar slipped to a three-day low against the euro on Friday after European Union leaders reached an agreement on migration that eased pressure on German Chancellor Angela Merkel, but the greenback remained on track to log its best quarterly performan
Published 30 Jun, 2018 12:00am
Dollar gains against yen in New York
Currency

Dollar gains against yen in New York

The US dollar rose against the yen on Thursday, as an absence of any fresh escalation in trade-related tensions between the United States and its major trading partners capped demand for the Japanese currency. The yen tends to benefit during geopolitical
Published 30 Jun, 2018 12:00am
Sri Lankan rupee steady
Currency

Sri Lankan rupee steady

The Sri Lankan rupee closed steady on Friday as thin dollar demand from importers and banks matched the selling of the US currency by exporters and inward remittances, dealers said. A strengthening dollar since mid-April has increased the credit risk of s
Published 30 Jun, 2018 12:00am
Most Asian currencies up against weaker dollar
Currency

Most Asian currencies up against weaker dollar

Most Asian currencies firmed against the US dollar on Friday as market participants kept an eye out for local economic data to provide trading cues. The dollar itself weakened against a euro strengthened by European Union leaders striking a migration deal
Published 30 Jun, 2018 12:00am
Aussie, kiwi down

Aussie, kiwi down

The Australian and New Zealand dollars were on the defensive on Friday after a rough week in which worries about China's economy and asset markets drove both currencies to multi-month lows. The Aussie dollar was down 1.2 percent for the week at $0.7340 an
Published 30 Jun, 2018 12:00am
Sterling rallies on GDP revision, Brexit hopes
Currency

Sterling rallies on GDP revision, Brexit hopes

The pound rallied on Friday to a two-day high after a better-than-expected revision to Britain's first-quarter economic growth raised hopes of monetary policy tightening in the coming months. Adding to the bounce, the European Union's chief negotiator Mic
Published 30 Jun, 2018 12:00am
Two Gazans shot dead in Israel border clashes

Two Gazans shot dead in Israel border clashes

Israeli troops shot dead two Palestinians, one in his early teens, in border clashes Friday in the southern Gaza Strip, the Hamas-ruled territory's health ministry said. Ministry spokesman Ashraf al-Qudra told AFP a Palestinian youth aged about 13 was sho
Published 30 Jun, 2018 12:00am
Japan quake battered most powerful microscopes

Japan quake battered most powerful microscopes

Two of the world's most powerful microscopes suffered severe damage from a deadly earthquake that hit the western Japanese city of Osaka, causing delays in cutting-edge cell and atomic-level research, a scientist said Friday. The two damaged units, both w
Published 30 Jun, 2018 12:00am
Portugal's Vitorino beats Trump pick to lead UN migration agency

Portugal's Vitorino beats Trump pick to lead UN migration agency

Decades of American leadership at the United Nations migration agency was broken on Friday as voters rejected President Donald Trump's nominee for director general, electing Portuguese politician Antonio Vitorino instead. The International Organization fo
Published 30 Jun, 2018 12:00am
Myanmar downgraded in US trafficking report

Myanmar downgraded in US trafficking report

Myanmar is not doing enough to tackle human trafficking, according to a US State Department report that downgraded its ranking to the worst tier. The annual Trafficking in Persons (TIP) report said Myanmar slipped backward on its trafficked person's index
Published 30 Jun, 2018 12:00am
Six dead as Mali HQ of Sahel anti-terror force attacked

Six dead as Mali HQ of Sahel anti-terror force attacked

The Malian headquarters of an international anti-terror task force, the G5 Sahel, were attacked on Friday in a car bomb blast, killing six people and leaving many injured, according to a provisional toll. "Shortly after Friday prayers, a suicide bomber in
Published 30 Jun, 2018 12:00am
Australia passes foreign meddling laws amid China tensions

Australia passes foreign meddling laws amid China tensions

New laws to curb meddling by foreign governments in Australia have been passed by parliament ahead of a raft of by-elections, amid heightened fears of Chinese interference in domestic politics. Canberra last year announced plans to introduce sweeping refo
Published 30 Jun, 2018 12:00am
Mattis vows 'strong defensive stance' on North Korea

Mattis vows 'strong defensive stance' on North Korea

US Defense Secretary James Mattis pledged Friday to maintain and strengthen the US security alliance with Japan amid fears that talks with North Korea could water down Washington's longstanding security commitments in the region. Mattis said the United St
Published 30 Jun, 2018 12:00am
'Flying brain' blasts off on cargo ship toward space station

'Flying brain' blasts off on cargo ship toward space station

A ball-shaped artificial intelligence robot nicknamed the "flying brain" because it is trained to follow and interact with a German astronaut blasted off Friday toward the International Space Station aboard SpaceX's Dragon cargo ship.
Published 30 Jun, 2018 12:00am
Third day of demos in India after rape of eight-year-old girl

Third day of demos in India after rape of eight-year-old girl

Hundreds of protesters rallied in central India for the third straight day on Friday over the brutal rape of an eight-year-old girl now battling for her life in hospital. Crowds holding placards and chanting "death to the rapist" called for the man arrest
Published 30 Jun, 2018 12:00am
Cracks emerge in EU migrant deal

Cracks emerge in EU migrant deal

Cracks emerged Friday in Europe's hard-fought summit deal on migration, as EU President Donald Tusk warned there was no guarantee it would work and France and Austria ruled themselves out of hosting migrant centres. The agreement, hammered out during mara
Published 30 Jun, 2018 12:00am
Cotton futures up but mark worst month in two years
Cotton

Cotton futures up but mark worst month in two years

ICE cotton futures edged up on Friday, supported by a bullish acreage report, even as the natural fibre crop marked its worst monthly performance in nearly two years amid concerns over trade tensions between the United States and China.
Published 30 Jun, 2018 12:00am
Shanghai zinc slips

Shanghai zinc slips

Zinc fell back in Shanghai on Friday after jumping in the previous session on the prospect of Chinese smelters cutting output by 10 percent in response to lower zinc prices and treatment charges, a key source of revenue. The most traded August zinc contra
Published 30 Jun, 2018 12:00am
Zinc prices slip to worst quarter since 2015

Zinc prices slip to worst quarter since 2015

Zinc prices slipped on Friday, notching up their worst quarter since 2015 with investors sceptical of reports that Chinese smelters plan to cut output by 10 percent in response to low prices and treatment charges. China's largest zinc smelter said it woul
Published 30 Jun, 2018 12:00am
Oil gains on anticipation of sanctions on Iran

Oil gains on anticipation of sanctions on Iran

Oil prices rose on Friday on concern that US sanctions against Iran would remove a substantial volume of crude oil from world markets at a time of rising global demand. "Now everyone is focused on the issue of spare capacity and the future," said Tamar Es
Published 30 Jun, 2018 12:00am
Rubber extends rally

Rubber extends rally

Benchmark Tokyo rubber futures recovered from early falls on Friday and closed higher for the fourth straight session as investors looked for bargains. The Tokyo Commodity Exchange rubber contract for December delivery finished 1.1 yen, or 0.6 percent, hi
Published 30 Jun, 2018 12:00am
Gold rebounds in Europe

Gold rebounds in Europe

Gold prices recovered on Friday from six-month lows as speculators took profits amid a weaker dollar, but some analysts said more losses were likely. Spot gold added 0.2 percent to $1,250.81 an ounce by 1400 GMT. On Thursday, it touched $1,245.32, its low
Published 30 Jun, 2018 12:00am
US MIDDAY: grain, soyabean futures up

US MIDDAY: grain, soyabean futures up

US grain and soyabean futures rose on Friday as investors adjusted positions before the release of closely watched crop reports that are projected to show lower wheat inventories and plantings. Wheat futures reached their highest prices in two weeks befor
Published 30 Jun, 2018 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold prices rose on Friday from six-month lows as a weaker US dollar prompted bargain hunting, but bullion was on track for weekly and monthly declines and analysts said many speculators maintained short positions, leaving prices vulnerable to further los
Published 30 Jun, 2018 12:00am
JazzCash, NBP to provide fee collection service to BoE&OE

JazzCash, NBP to provide fee collection service to BoE&OE

JazzCash has collaborated with National Bank of Pakistan (NBP) to provide fee collection service to Bureau of Emigration & Overseas Employment. From now onwards, all Pakistani citizens pursuing overseas employment can pay the application fee through the J
Published 30 Jun, 2018 12:00am
Wapda, Maldives' STELCO sign MoU

Wapda, Maldives' STELCO sign MoU

A Memorandum of Understanding (MoU) was signed between the Pakistan Water and Power Development Authority (WAPDA) and Maldives State Electric Company (STELCO) to collaborate in caring out capacity building of STELCO.
Published 30 Jun, 2018 12:00am
PPP-QWP's seat adjustment in Shangla

PPP-QWP's seat adjustment in Shangla

PPP and Qaumi Watan Party (QWP) of Aftab Ahmad Khan Sherpao have announced seat adjustment on the two provincial assembly seats of District Shangla. Under the arrangement, the QWP candidate from the provincial assembly constituency PK-23 Shangla-I has wit
Published 30 Jun, 2018 12:00am
Archbishop Joseph Coutts elevated to rank of Cardinal

Archbishop Joseph Coutts elevated to rank of Cardinal

In an impressive ceremony held at the Vatican's St. Peter's Basilica, Pope Francis elevated 14 Archbishops to the rank of Cardinal on 28 June 2018. Among them is Archbishop Joseph Coutts of the Catholic Church of Karachi. He is the second Pakistani accord
Published 30 Jun, 2018 12:00am
CoAS awards degrees, medals to graduating students

CoAS awards degrees, medals to graduating students

Chief of Army Staff (CoAS) General Qamar Javed Bajwa Friday awarded degrees and medals to the graduating students at the convocation ceremony of the 37th MBBS and 16th BDS course held at Army Medical College, Rawalpindi.
Published 30 Jun, 2018 12:00am
Maligning state institutions: LHC issues notices to Nawaz, Almeida

Maligning state institutions: LHC issues notices to Nawaz, Almeida

A full bench of the Lahore High Court issued notices to former Prime Minister Mian Nawaz Sharif and journalist Cyril Almeida for September 10 in a petition against Nawaz Sharif for maligning the state institutions in his interview. The petitioner also ple
Published 30 Jun, 2018 12:00am
WWF-Pakistan organises nature photography exhibition

WWF-Pakistan organises nature photography exhibition

The WWF-Pakistan organized 2-day nature photography exhibition at Alliance Francaise that showcased the rich biodiversity through 62 works of professional wildlife photographers. The collection of stunning photographs on display were taken by dedicated na
Published 30 Jun, 2018 12:00am
SECP signs MoU with HEC recognized universities

SECP signs MoU with HEC recognized universities

The Securities and Exchange Commission of Pakistan (SECP) signs Memorandum of Understanding (MoU) documents with Government College University Lahore (GCU), Kinnaird College for Women (KC), and Beaconhouse National University to create a collaborative pla
Published 30 Jun, 2018 12:00am
Contempt case: Ahsan tenders unconditional apology

Contempt case: Ahsan tenders unconditional apology

Former interior minister Ahsan Iqbal on Friday submitted an unconditional apology before Lahore High Court (LHC) in his detailed reply in contempt case. Justice Mazahir Ali Akbar Naqvi heard the case. "Your written reply does not bear those apology words
Published 30 Jun, 2018 12:00am
LCCI greets FBR's new chief

LCCI greets FBR's new chief

Lahore Chamber of Commerce and Industry Friday congratulated first lady chief of Federal Board of Revenue Rukhsana Yasmin and hoped that she would follow the footprints of her predecessors.
Published 30 Jun, 2018 12:00am
PAD urges cotton growers to save crop from rainwater
Cotton

PAD urges cotton growers to save crop from rainwater

The Punjab Agriculture Department (PAD) has urged the cotton growers to take immediate steps for saving their crop from rain water. A spokesman of the department said here on Friday that frequent rains are not favorable for cotton crop. Due to rain water,
Published 30 Jun, 2018 12:00am
Upgradation of lab: Rs 2.84 million HEC's grant for NTU Faisalabad

Upgradation of lab: Rs 2.84 million HEC's grant for NTU Faisalabad

Higher Education Commission Pakistan has released a grant of Rs 2.84 million to Department of Materials & Testing, National Textile University Faisalabad for upgradation and strengthening the Textile Physical Testing Laboratory under the project "Institut
Published 30 Jun, 2018 12:00am
PIAF for extension in tax amnesty scheme 2018

PIAF for extension in tax amnesty scheme 2018

The Pakistan Industrial and Traders Associations Front (PIAF) has again appealed to the Federal Board of Revenue (FBR) for extension in the Tax Amnesty Scheme 2018, besides launching an awareness drive among the business community to avail this facility.
Published 30 Jun, 2018 12:00am
Caretakers have not suspended uplift projects: minister

Caretakers have not suspended uplift projects: minister

Caretaker Punjab Minister for Agriculture, Food and Planning & Development (P&D) Sardar Tanveer Ilyas Khan said Friday that no ongoing development project in Punjab has been suspended by the caretaker set up.
Published 30 Jun, 2018 12:00am
11 hurt in rain-related incidents in Lahore

11 hurt in rain-related incidents in Lahore

At least eight people including five children sustained injuries when walls of an under-construction block of Jamia Mosque Toheed located in Lahore's Government Employees Cooperative Housing Society (GECHS) near Model Town Link Road caved in because of he
Published 30 Jun, 2018 12:00am
Chenab, Kabul in low flood

Chenab, Kabul in low flood

River Chenab and river Kabul attained the stage of low flood after rains in their catchments and Nullahs of Rivers Ravi and Chenab may attain low to Medium level flooding on 30th June; Flood Warning Center said here on Friday.
Published 30 Jun, 2018 12:00am
Punjab government to close non-operational PSCs

Punjab government to close non-operational PSCs

The caretaker Punjab government on Friday decided to close down non-active and non-operational public sector companies in the Punjab. The decision was taken during a meeting held here to review the performance of public sector companies and other issues;
Published 30 Jun, 2018 12:00am
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