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Print - 2018-08-06
US equity traders to receive bigger bonuses this year

US equity traders to receive bigger bonuses this year

Equities traders on Wall Street are expected to take home bigger bonuses this year, compared with their industry peers, as a global rally in stocks shows little signs of slowing, according to a report by compensation consulting firm Johnson Associates. Bo
Published 06 Aug, 2018 12:00am
US equity traders to receive bigger bonuses this year

US equity traders to receive bigger bonuses this year

Equities traders on Wall Street are expected to take home bigger bonuses this year, compared with their industry peers, as a global rally in stocks shows little signs of slowing, according to a report by compensation consulting firm Johnson Associates. Bo
Published 06 Aug, 2018 12:00am
Gas giant Linde's merger with Praxair hits US hurdle

Gas giant Linde's merger with Praxair hits US hurdle

German industrial gases giant Linde has warned that its mega-merger with US-based Praxair has hit a major hurdle, with US competition regulators unexpectedly pushing it to offload more assets. The two firms' efforts to win approval for the merger could be
Published 06 Aug, 2018 12:00am
Malaysia to take possession of 1MDB-linked yacht from Indonesia

Malaysia to take possession of 1MDB-linked yacht from Indonesia

Malaysia is making "some arrangement" with Indonesia to take ownership of a luxury yacht linked to a multi-billion dollar financial scandal, a government spokesman said Sunday. The Cayman Islands-registered Equanimity, believed to be worth some $250 milli
Published 06 Aug, 2018 12:00am
Refusing to be cowed, Somali opens country's first dairy

Refusing to be cowed, Somali opens country's first dairy

Starting a dairy in Mogadishu was not an obvious choice: Islamist bombs go off with startling regularity, electricity is patchy and expensive and most Somalis don't even drink fresh cow's milk. But Abdulkadir Mohamed Salad, 40, who spent most of his life
Published 06 Aug, 2018 12:00am
Stellar EU banks' performance won't last

Stellar EU banks' performance won't last

European banks may have managed to generate surprisingly solid earnings in the second quarter, but low interest rates, Brexit fears and trade war woes make a repeat performance unlikely, analysts say. Big names BNP Paribas, Barclays, Intesa Sanpaolo, Cred
Published 06 Aug, 2018 12:00am
Stellar EU banks' performance won't last

Stellar EU banks' performance won't last

European banks may have managed to generate surprisingly solid earnings in the second quarter, but low interest rates, Brexit fears and trade war woes make a repeat performance unlikely, analysts say. Big names BNP Paribas, Barclays, Intesa Sanpaolo, Cred
Published 06 Aug, 2018 12:00am
Iraq election commission ignored warnings over voting machines

Iraq election commission ignored warnings over voting machines

Iraq's election commission ignored an anti-corruption body's warnings about the credibility of electronic vote-counting machines used in May's parliamentary election, according to investigators and a document seen by Reuters. The devices, provided by Sout
Published 06 Aug, 2018 12:00am
New protests hit southern Iraq, a month into unrest

New protests hit southern Iraq, a month into unrest

Protesters flooded the streets of southern Iraq again on Sunday, nearly a month into a wave of unrest over corruption and decaying public services, AFP correspondents said. In oil-rich Basra, the southern port city where the protests broke out on July 8,
Published 06 Aug, 2018 12:00am
Germany's Seehofer pushes migrant take-back deal with Italy, Greece

Germany's Seehofer pushes migrant take-back deal with Italy, Greece

German Interior Minister Horst Seehofer on Sunday said he hoped for a breakthrough this week in talks with Italy and Greece on taking back asylum-seekers already registered in those countries, as Berlin toughens its migration policies. Seehofer, whose pus
Published 06 Aug, 2018 12:00am
Head of Syrian regime research centre killed

Head of Syrian regime research centre killed

The head of a Syrian government research centre fabricating weapons has been killed in an explosion targeting his car, a Britain-based monitor said Sunday. The pro-regime Al-Watan newspaper confirmed the killing. General Aziz Asbar was killed late Saturda
Published 06 Aug, 2018 12:00am
IS kills one of dozens of hostages in southern Syria

IS kills one of dozens of hostages in southern Syria

The Islamic State jihadist group has executed one of dozens of Druze hostages abducted from Syria's southern province of Sweida last week, a journalist in the area and a monitor said Sunday. The killing prompted an offer from the US-backed Syrian Democrat
Published 06 Aug, 2018 12:00am
California wildfires claim Seventh victim, still spreading

California wildfires claim Seventh victim, still spreading

A seventh person died in a northern California wildfire on Saturday, as a couple of other fast-growing wildfires in the state expanded by more than 25 percent overnight and continued to spread. The White House announced on Sunday morning that US President
Published 06 Aug, 2018 12:00am
Clashes, looting in eastern Ethiopia

Clashes, looting in eastern Ethiopia

Residents in the volatile Somali region of eastern Ethiopia on Sunday reported riots, looting and ethnic attacks, as the US embassy in Addis Ababa advised its citizens to avoid the region. "Everybody is inside his home. Nobody is leaving," said a resident
Published 06 Aug, 2018 12:00am
South Sudan foes sign final power-sharing deal

South Sudan foes sign final power-sharing deal

South Sudanese arch-foes signed a final power-sharing deal on Sunday, aimed at ending a civil war that has killed tens of thousands of people and displaced millions in the world's youngest country. President Salva Kiir and his bitter rival Riek Machar wer
Published 06 Aug, 2018 12:00am
Heatwave eases in Europe's hotspot Portugal, wildfire rages

Heatwave eases in Europe's hotspot Portugal, wildfire rages

Temperatures in Portugal, at the crest of a European heatwave, began to ease from near record levels on Sunday, but a forest fire raged for a third day in the south, battled by 800 firefighters and 12 aircraft. The heatwave has brought drought and wildfir
Published 06 Aug, 2018 12:00am
Trump admits son met with Russian to get information on opponent

Trump admits son met with Russian to get information on opponent

US President Donald Trump admitted Sunday that his son met with a Russian lawyer in Trump Tower in 2016 "to get information on an opponent" but defended it as "totally legal." It was Trump's most direct acknowledgement that the motive for the June 2016 me
Published 06 Aug, 2018 12:00am
Ebola outbreak in DR Congo believed to have killed 33

Ebola outbreak in DR Congo believed to have killed 33

A new outbreak of the Ebola virus in the Democratic Republic of Congo is believed to have killed 33 people in the east of the country, the health ministry said Saturday. Thirteen Ebola cases have been confirmed since the fresh outbreak was declared on Aug
Published 06 Aug, 2018 12:00am
Britain likely to leave EU without deal

Britain likely to leave EU without deal

Britain is now likely leave the European Union without a deal due to the "intransigence" of the European Union, International Trade Secretary Liam Fox told the Sunday Times. The pro-Brexit minister said that the chances of a no-deal Brexit were now "60-40
Published 06 Aug, 2018 12:00am
NATO to revamp Albanian air base: Prime Minister

NATO to revamp Albanian air base: Prime Minister

NATO plans to modernize an air base in Albania, giving the organization its first such site in the western Balkans, according to Albanian Prime Minister Edi Rama. "NATO will invest more than 50 million euros ($58 million) for the first phase of the projec
Published 06 Aug, 2018 12:00am
Bodies of Russian journalists killed in Central Africa brought to Moscow

Bodies of Russian journalists killed in Central Africa brought to Moscow

The bodies of three Russian journalists killed while on a reporting trip in the Central African Republic were brought to Moscow on Sunday, Russia's Investigative Committee said. Journalists Kirill Radchenko, Alexander Rastorguyev and Orkhan Dzhemal were k
Published 06 Aug, 2018 12:00am
WWII vintage plane crashes into Swiss mountainside, 20 dead

WWII vintage plane crashes into Swiss mountainside, 20 dead

Twenty people died when a vintage World War II aircraft crashed into a Swiss mountain at the weekend, police said Sunday, as an investigation was launched into why the plane plummeted straight down at high speed. "The police have the sad certainty that th
Published 06 Aug, 2018 12:00am
UAE backs UN talks between warring Yemen sides

UAE backs UN talks between warring Yemen sides

The United Arab Emirates, the main partner in a Saudi-led military coalition intervening in Yemen, said Sunday it backs UN-brokered talks in Geneva between the country's warring sides.
Published 06 Aug, 2018 12:00am
Hong Kong press club pressured by Beijing to cancel talk

Hong Kong press club pressured by Beijing to cancel talk

Hong Kong's leader joined mainland China Sunday in urging the city's Foreign Correspondents' Club to cancel a planned speech by a Hong Kong independence advocate whose party is threatened with a ban. "We respect the international media and respect the For
Published 06 Aug, 2018 12:00am
52 jihadists killed in Egypt's Sinai

52 jihadists killed in Egypt's Sinai

Egypt's army said on Sunday its forces have killed over the past few days 52 jihadists in the Sinai Peninsula where the military is conducting a vast operation against militants. Egyptian forces launched operation "Sinai 2018" in February to rid the penin
Published 06 Aug, 2018 12:00am
US not 'starry-eyed' about North Korea nuclear deal: Bolton

US not 'starry-eyed' about North Korea nuclear deal: Bolton

As North Korea reportedly continues to build missiles and produce plutonium, a top aide to US President Donald Trump said Sunday that "there's nobody in his administration starry-eyed about the prospects of North Korea actually denuclearizing."
Published 06 Aug, 2018 12:00am
Iran hands over 60 illegal immigrants to Pakistan

Iran hands over 60 illegal immigrants to Pakistan

Iranian security force handed over 60 more Pakistani nationals to Levies force at Pak-Iran Border in Taftan area of Chaghi district, Levies sources said Sunday. According to detail, these Pakistani workers had gone to Iran for their livelihood. They appre
Published 06 Aug, 2018 12:00am
KCCI's top three posts may go to BMG-backed candidates

KCCI's top three posts may go to BMG-backed candidates

Junaid Ismail Makda, Khurram Shehzad and Asif Shaikh Javed are likely to be elected as president, senior vice president and vice president of Karachi Chamber of Commerce and Industry, for 2018-19, respectively.
Published 06 Aug, 2018 12:00am
Polio drive begins today

Polio drive begins today

Sehat Muhafiz polio eradication teams of Health Department Punjab will visit house-to-house to vaccinate nearly 6.34 million children less than five years in 10 districts of Punjab in a campaign starting from today (Monday).
Published 06 Aug, 2018 12:00am
Petroleum products' production up by 13.53 percent

Petroleum products' production up by 13.53 percent

The production of petroleum products witnessed 13.53 percent increase during the fiscal year 2017-18 as compared to the corresponding period of the last year. According to latest data of the Pakistan Bureau of Statistics (PBS), the petroleum products that
Published 06 Aug, 2018 12:00am
Smuggled auto parts worth Rs 200 million seized in Lahore

Smuggled auto parts worth Rs 200 million seized in Lahore

Directorate General of Customs Intelligence has made a historic seizure of smuggled auto parts worth Rs 200 million at Lahore under its national enforcement drive of raiding dumping places of the smuggled goods. Sources told Business Recorderhere o
Published 06 Aug, 2018 12:00am
Prices of chicken products continue to decline

Prices of chicken products continue to decline

A mixed trend in prices of essential food commodities was witnessed as some items remained unchanged while other slightly increased in retail market, according to the survey conducted by Business Recorderon Sunday. Prices of chicken products are co
Published 06 Aug, 2018 12:00am
Tea imports witness 5.36 percent growth during Fiscal Year 2017-18

Tea imports witness 5.36 percent growth during Fiscal Year 2017-18

The imports of tea into the country witnessed growth of 5.36 percent during the fiscal year 2017-18 as compared to the last financial year (2016-17), according to Pakistan Bureau of Statistics (PBS). Pakistan imported tea worth $551.881 million during the
Published 06 Aug, 2018 12:00am
Minister assures support to SU VC

Minister assures support to SU VC

Caretaker Federal Minister for Education and Professional Training, Science and Technology, National Health Services, Information Technology and Religious Affairs Muhammad Yousif Shaikh called on University of Sindh's (SU) vice chancellor Professor Dr Fat
Published 06 Aug, 2018 12:00am
Importance of science education at secondary schools' level highlighted

Importance of science education at secondary schools' level highlighted

Speakers including female teachers, science educationists and civil society leaders lay importance on Science education for secondary schools. They were speaking at a closing ceremony of two days workshop on "Inquiry Based Science Education" attended by 1
Published 06 Aug, 2018 12:00am
BOP conducts Hajj balloting

BOP conducts Hajj balloting

With a view to provide opportunity to junior cadre clerical/non-clerical staff of the Bank to perform Hajj, a balloting was held at the Head Office of The Bank of Punjab (BOP)on August 03, 2018 for selecting successful staff members for Hajj 2018.
Published 06 Aug, 2018 12:00am
Quetta to have cancer hospital soon

Quetta to have cancer hospital soon

Balochistan Health Secretary Saleh Nasar on Friday said the people's demand of a cancer hospital was going to be materialized soon as the government has allocated rupees three billion for the project to be executed after a period of one month.
Published 06 Aug, 2018 12:00am
Pak-US economic engagement include $6.26 billion assistance

Pak-US economic engagement include $6.26 billion assistance

The United States economic engagement with Pakistan includes disbursement of $6.26 billion assistance ($ 5.78 billion under Coalition Support Fund and $ 471 million grant as budget support), a trade deficit with Pakistan of $ 7.395 billion, net Foreign Di
Published 06 Aug, 2018 12:00am
RCB sends 45 cases of illegal water hydrants to SJM

RCB sends 45 cases of illegal water hydrants to SJM

Rawalpindi Cantonment Board (RCB) has sent 45 cases of illegal water hydrants to the court of the Special Judicial Magistrate (SJM), RCB as the owners failed to get regularized the hydrants.
Published 06 Aug, 2018 12:00am
Imran Ismail's name finalised for Sindh governor's slot?

Imran Ismail's name finalised for Sindh governor's slot?

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has reportedly finalised the name of Imran Ismail for Sindh governor's slot. The development came days after the resignation of Muhammad Zubair who vacated the post of Sindh governor after PTI's landslide
Published 06 Aug, 2018 12:00am
Nabeel Gabol manhandles passenger at airport

Nabeel Gabol manhandles passenger at airport

A brawl between Pakistan Peoples Party (PPP) leader Nabeel Gabol and a passenger at the Jinnah International Airport Karachi was caught on camera. In the video that was captured by a bystander, Gabol can be seen being infuriated towards a passenger.
Published 06 Aug, 2018 12:00am
Much-awaited PC-I of five STPs likely to be okayed by PC soon

Much-awaited PC-I of five STPs likely to be okayed by PC soon

The much-awaited PC-I for setting up five Sewerage Treatment Plants (STPs) in different catchment areas of the federal capital is likely to get-green from the Planning Commission by end of the current month. "The plants will be installed at catchment area
Published 06 Aug, 2018 12:00am
JI chief blames ECP for non-transparent elections

JI chief blames ECP for non-transparent elections

Jamaat-e-Islami's chief Senator Siraj-ul-Haq said that the Election Commission of Pakistan had failed to conduct transparent and impartial general elections despite spending Rs 20 billion. "Making the electoral process controversial is unfortunate.
Published 06 Aug, 2018 12:00am
Maleeha calls on PTI chairman

Maleeha calls on PTI chairman

Pakistan's permanent representative to the United Nations Maleeha Lodhi called on Pakistan Tehreek-e-Insaf chairman Imran Khan on Sunday at his residence in Bani Gala. The UN representative congratulated the PTI chief on his party's performance in the Jul
Published 06 Aug, 2018 12:00am
Swat's fruit dehydration unit to become operational soon

Swat's fruit dehydration unit to become operational soon

The Public Sector Development Programme (PSDP) funded project of Fruit Dehydration Unit, Swat is going to be operational soon. The project of the Ministry of Industries and Production is being executed under the supervision of Small and Medium Enterprises
Published 06 Aug, 2018 12:00am
How a phone app and a database served up Imran Khan's poll win

How a phone app and a database served up Imran Khan's poll win

A phone app and a database of more than 50 million voters were key weapons in the successful campaign of cricket legend Imran Khan in last month's general election. How Khan's Pakistan Tehreek-i-Insaf (PTI) used the database and the associated app represe
Published 06 Aug, 2018 12:00am
Chinese and local artists to perform jointly on Independence Day

Chinese and local artists to perform jointly on Independence Day

Pakistan National Council of the Arts (PNCA) National Performing Arts Group (NPAG) and China Shaanxi Yulin Coal Sea Art Group would jointly perform on August 14 at PNCA Auditorium to celebrate Independence Day in a befitting manner.
Published 06 Aug, 2018 12:00am
Menace of encroachments around Rawalpindi markets continues unabated

Menace of encroachments around Rawalpindi markets continues unabated

The District administration and City Traffic Police have failed to resolve the traffic issues of Rawalpindi city despite the orders from Lahore High Court (LHC) Rawalpindi Bench for removal of encroachments and eradication of illegal parking from the city
Published 06 Aug, 2018 12:00am
Women SMEs: ERKF project invites grants applications

Women SMEs: ERKF project invites grants applications

The Multi-Donors Trust Fund (MDTF) funded Economic Revitalization of Khyber Pakhtunkhwa and FATA (ERKF) has once again invited grants applications from women entrepreneurs. The project is a joint initiative for both Khyber Pakhtunkhwa and FATA to provide
Published 06 Aug, 2018 12:00am
Death toll in Kohat bus-tanker collision climbs to 23

Death toll in Kohat bus-tanker collision climbs to 23

The death toll in bus-tanker accident happened on Indus Highway in Kohat has climbed to 23. According to hospital sources, some seriously injured passengers have succumbed to their injuries during the course of treatment taking the toll to 23. As many as
Published 06 Aug, 2018 12:00am
Speakers highlight role of media in eradicating menace of polio

Speakers highlight role of media in eradicating menace of polio

Commissioner Malakand Division Syed Zaheerul Islam Shah has said that polio has become our national dilemma that must be taken as challenge as it caused big losses to the country both at internal and external levels. He said this while addressing at the c
Published 06 Aug, 2018 12:00am
Modern research in field of gynaecology emphasised

Modern research in field of gynaecology emphasised

Principal Ameer Uddin Medical College/LGH Professor Mohammad Tayyab has emphasised to focus on modern research in the field of gynaecology as it is related with women folk, the delegate segment of the society. He said that modern advancements and therapie
Published 06 Aug, 2018 12:00am
Fehmida Mirza retains NA-230 seat

Fehmida Mirza retains NA-230 seat

Former National Assembly speaker Dr Fehmida Mirza Sunday retained her NA-230 seat after the recounting process in the National Assembly constituency was finally completed. According to unofficial results, Fehmida Mirza, who contested on the ticket of Gran
Published 06 Aug, 2018 12:00am
Gorano water reservoir termed conducive for fish farming

Gorano water reservoir termed conducive for fish farming

Sindh Engro Coal Mining Company (SECMC) has marked a history on Sunday by successfully getting fish production from underground saline water released to Gorano reservoir. The 'fingerlings' released into Gorano have grew to be large enough to catch for eat
Published 06 Aug, 2018 12:00am
A sane commerce ministry move

A sane commerce ministry move

Ministry of Commerce and Textile has made the right move by rejecting Finance Ministry's proposal about increase in Regulatory Duty (RD) on hundreds of tariff lines, saying that any such move will fuel inflation without having any negative impact on impor
Published 06 Aug, 2018 12:00am
How far can Venezuela go in raising price of world's cheapest gas?

How far can Venezuela go in raising price of world's cheapest gas?

In Venezuela's inflation-hit economy, a single US dollar can buy 3.5 million liters of gasoline - an absurdity that the government says it will tackle with a hike in the cost of state-subsidized fuel. But just how far can President Nicolas Maduro go witho
Published 06 Aug, 2018 12:00am
The July 25 vote

The July 25 vote

Vote is the ultimate voice of the people. Choice of whom you prefer to represent you is the voice that counts. The count of that voice determines the future leadership of that country. On 25th July, the people of Pakistan spoke. They spoke in numbers; the
Published 06 Aug, 2018 12:00am
I am Imran Khan

I am Imran Khan

The PML-N's resounding electoral defeat (64 seats in the National Assembly against Pakistan Tehreek-e-Insaf's 116) indicates that the party's two narratives were rejected by the voting public. Political pundits mainly focused on Nawaz Sharif's victimizati
Published 06 Aug, 2018 12:00am
Confronting climate challenges

Confronting climate challenges

For several years now, scientific studies have been warning of climate change caused by increased greenhouse gas emissions, and the risks it carries for global populations and their ways of life. According to the annual 'State of the Climate Report 2017',
Published 06 Aug, 2018 12:00am
T-bill auction

T-bill auction

Although auction of T-bills and other government papers looks like a routine affair, it reveals certain developments in the financial sector and fiscal position of the government. In Pakistan, T-bills are issued for tenors of 3, 6 and 12 months to raise f
Published 06 Aug, 2018 12:00am
Electricity shortfall reaches to 6,250 megawatts

Electricity shortfall reaches to 6,250 megawatts

The electricity shortfall touched record 6,250MW mark on Sunday as demand spiked to 2,464MW amid scorching heat and soaring humidity while electricity generation fell to 18,390MW owing to closure of some hydel power producing units installed on the dams f
Published 06 Aug, 2018 12:00am
Electricity shortfall reaches to 6,250 megawatts

Electricity shortfall reaches to 6,250 megawatts

The electricity shortfall touched record 6,250MW mark on Sunday as demand spiked to 2,464MW amid scorching heat and soaring humidity while electricity generation fell to 18,390MW owing to closure of some hydel power producing units installed on the dams f
Published 06 Aug, 2018 12:00am
Electricity shortfall reaches to 6,250 megawatts

Electricity shortfall reaches to 6,250 megawatts

The electricity shortfall touched record 6,250MW mark on Sunday as demand spiked to 2,464MW amid scorching heat and soaring humidity while electricity generation fell to 18,390MW owing to closure of some hydel power producing units installed on the dams f
Published 06 Aug, 2018 12:00am
Afghan suicide blast kills three Czech soldiers

Afghan suicide blast kills three Czech soldiers

A suicide bombing claimed by the Taliban killed three Czech soldiers on patrol in eastern Afghanistan on Sunday, the deadliest assault on NATO troops for many months. "Three Resolute Support service members were killed by a suicide bomber during a combine
Published 06 Aug, 2018 12:00am
Afghan suicide blast kills three Czech soldiers

Afghan suicide blast kills three Czech soldiers

A suicide bombing claimed by the Taliban killed three Czech soldiers on patrol in eastern Afghanistan on Sunday, the deadliest assault on NATO troops for many months. "Three Resolute Support service members were killed by a suicide bomber during a combine
Published 06 Aug, 2018 12:00am
Bangladesh PM urges teen protesters to go home amid violence

Bangladesh PM urges teen protesters to go home amid violence

Bangladesh Prime Minister Sheikh Hasina urged students Sunday to go home as police fired tear gas at teenage protesters during an eighth day of unprecedented demonstrations over road safety which have paralysed parts of Dhaka. Students in their tens of th
Published 06 Aug, 2018 12:00am
Bangladesh PM urges teen protesters to go home amid violence

Bangladesh PM urges teen protesters to go home amid violence

Bangladesh Prime Minister Sheikh Hasina urged students Sunday to go home as police fired tear gas at teenage protesters during an eighth day of unprecedented demonstrations over road safety which have paralysed parts of Dhaka. Students in their tens of th
Published 06 Aug, 2018 12:00am
Indonesia quake kills at least 32

Indonesia quake kills at least 32

At least 32 people were killed on Sunday when Indonesia's resort island of Lombok was hit by a magnitude 7.0 earthquake. The powerful quake triggered panic among tourists and residents, and was also felt on the neighbouring holiday island of Bali. On Lomb
Published 06 Aug, 2018 12:00am
Indonesia quake kills at least 32

Indonesia quake kills at least 32

At least 32 people were killed on Sunday when Indonesia's resort island of Lombok was hit by a magnitude 7.0 earthquake. The powerful quake triggered panic among tourists and residents, and was also felt on the neighbouring holiday island of Bali. On Lomb
Published 06 Aug, 2018 12:00am
Iran forex chief arrested in tense build-up to sanctions return
Currency

Iran forex chief arrested in tense build-up to sanctions return

The Iranian central bank's top foreign exchange official has been arrested, the judiciary said Sunday, a day after he was sacked and as tensions rise ahead of reimposed US sanctions. Ahmad Araghchi, who was a vice-governor at the bank in charge of forex,
Published 06 Aug, 2018 12:00am
Iran forex chief arrested in tense build-up to sanctions return
Currency

Iran forex chief arrested in tense build-up to sanctions return

The Iranian central bank's top foreign exchange official has been arrested, the judiciary said Sunday, a day after he was sacked and as tensions rise ahead of reimposed US sanctions. Ahmad Araghchi, who was a vice-governor at the bank in charge of forex,
Published 06 Aug, 2018 12:00am
Saudi Arabia to admit Iranian diplomat

Saudi Arabia to admit Iranian diplomat

Saudi Arabia has agreed to admit an Iranian diplomat to head an office representing Iranian interests in the kingdom, the official Iranian news agency IRNA reported on Sunday, in a rare move after the rivals broke off relations in 2016.
Published 06 Aug, 2018 12:00am
Saudi Arabia to admit Iranian diplomat

Saudi Arabia to admit Iranian diplomat

Saudi Arabia has agreed to admit an Iranian diplomat to head an office representing Iranian interests in the kingdom, the official Iranian news agency IRNA reported on Sunday, in a rare move after the rivals broke off relations in 2016.
Published 06 Aug, 2018 12:00am
Mali presidential challenger goes to court alleging vote fraud

Mali presidential challenger goes to court alleging vote fraud

Opposition candidate Soumaila Cisse said Sunday he is mounting a legal challenge in Mali's constitutional court alleging "ballot box-stuffing" after he came in a distant second to incumbent Ibrahim Boubacar Keita in the first round of the country's presid
Published 06 Aug, 2018 12:00am
Three dead in bomb blast in Mogadishu

Three dead in bomb blast in Mogadishu

A car bomb exploded along the main street of Somalia's capital Mogadishu on Sunday, according to police, and a Reuters witness said he saw three dead bodies after the blast. Police said a car bomb parked in front of a restaurant at the busy street of Maka
Published 06 Aug, 2018 12:00am
Kenya, Tanzania mark bombings which introduced Al-Qaeda

Kenya, Tanzania mark bombings which introduced Al-Qaeda

Kenya and Tanzania on Tuesday mark 20 years since the devastating US embassy bombings that thrust Al-Qaeda onto the global stage and went on to shape how a generation thinks about personal security. It was mid-morning on August 7, 1998, when the first mas
Published 06 Aug, 2018 12:00am
Iran Guards says it held Gulf drills as US tensions rise

Iran Guards says it held Gulf drills as US tensions rise

Iran's Revolutionary Guards confirmed on Sunday it had held war games in the Gulf over the past several days, saying they were aimed at "confronting possible threats" by enemies, the state news state news agency IRNA reported.
Published 06 Aug, 2018 12:00am
Futures spread up by 309 basis points

Futures spread up by 309 basis points

The futures spread increased by 309bps to 5.94 percent on the last day of the outgoing week. Trading activities on the futures counter remained low as average daily volumes declined by 57.2 percent to 70.66 million shares. Average daily trading value on t
Published 06 Aug, 2018 12:00am
Futures spread up by 309 basis points

Futures spread up by 309 basis points

The futures spread increased by 309bps to 5.94 percent on the last day of the outgoing week. Trading activities on the futures counter remained low as average daily volumes declined by 57.2 percent to 70.66 million shares. Average daily trading value on t
Published 06 Aug, 2018 12:00am
PSX remains under pressure

PSX remains under pressure

Pakistan Stock Exchange remained under pressure due to selling by both local and foreign investors during the outgoing week ended August 03, 2018. BRIndex100 lost 58.09 points on week-on-week basis to close at 4,591.01 points. Average daily trading volume
Published 06 Aug, 2018 12:00am
PSX remains under pressure

PSX remains under pressure

Pakistan Stock Exchange remained under pressure due to selling by both local and foreign investors during the outgoing week ended August 03, 2018. BRIndex100 lost 58.09 points on week-on-week basis to close at 4,591.01 points. Average daily trading volume
Published 06 Aug, 2018 12:00am
PSX remains under pressure

PSX remains under pressure

Pakistan Stock Exchange remained under pressure due to selling by both local and foreign investors during the outgoing week ended August 03, 2018. BRIndex100 lost 58.09 points on week-on-week basis to close at 4,591.01 points. Average daily trading volume
Published 06 Aug, 2018 12:00am
IP pipeline talks to begin soon

IP pipeline talks to begin soon

Petroleum and Natural Resources Division is likely to resume discussions with Iran on Iran Pakistan (IP) Gas Pipeline soon after the new government assumes power. On Saturday, Iranian Ambassador, Hunardost called on Pakistan Tahreek-e-Insaaf (PTI) chairma
Published 06 Aug, 2018 12:00am
IP pipeline talks to begin soon

IP pipeline talks to begin soon

Petroleum and Natural Resources Division is likely to resume discussions with Iran on Iran Pakistan (IP) Gas Pipeline soon after the new government assumes power. On Saturday, Iranian Ambassador, Hunardost called on Pakistan Tahreek-e-Insaaf (PTI) chairma
Published 06 Aug, 2018 12:00am
IP pipeline talks to begin soon

IP pipeline talks to begin soon

Petroleum and Natural Resources Division is likely to resume discussions with Iran on Iran Pakistan (IP) Gas Pipeline soon after the new government assumes power. On Saturday, Iranian Ambassador, Hunardost called on Pakistan Tahreek-e-Insaaf (PTI) chairma
Published 06 Aug, 2018 12:00am
Policeman killed in raid linked to torched schools

Policeman killed in raid linked to torched schools

Gunmen killed one police officer and wounded another during an overnight search operation for suspects linked to the torching of nearly a dozen schools in northern areas, police said Sunday. Sanaullah Abbasi, police chief in Gilgit-Baltistan, said that on
Published 06 Aug, 2018 12:00am
Policeman killed in raid linked to torched schools

Policeman killed in raid linked to torched schools

Gunmen killed one police officer and wounded another during an overnight search operation for suspects linked to the torching of nearly a dozen schools in northern areas, police said Sunday. Sanaullah Abbasi, police chief in Gilgit-Baltistan, said that on
Published 06 Aug, 2018 12:00am
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