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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-09-20
Weakness grips cotton market
Cotton

Weakness grips cotton market

According to cotton traders in Karachi, cotton prices in the ready market on Wednesday suffered a fall of Rs 100 to Rs 200 per maund (37.32 Kgs) ahead of a series of holidays starting from Thursday. Government has declared Thursday and Friday as holidays
Published 20 Sep, 2018 12:00am
Weakness grips cotton market
Cotton

Weakness grips cotton market

According to cotton traders in Karachi, cotton prices in the ready market on Wednesday suffered a fall of Rs 100 to Rs 200 per maund (37.32 Kgs) ahead of a series of holidays starting from Thursday. Government has declared Thursday and Friday as holidays
Published 20 Sep, 2018 12:00am
Thai central bank holds rates
Currency

Thai central bank holds rates

Thailand's central bank held its benchmark interest rate steady on Wednesday as widely expected, but a growing split among board members reinforced views that it may soon start tightening policy for the first time in years. Noting that Southeast Asia's se
Published 20 Sep, 2018 12:00am
Turkish banks agree to help businesses with loan restructuring
Currency

Turkish banks agree to help businesses with loan restructuring

Turkey's banks agreed to help businesses that are struggling to pay off debt, a move that sent shares of lenders sharply higher on Wednesday as investors bet it could ease bad loans. Turkey's banks face a potential deluge of bad debt after the lira plunge
Published 20 Sep, 2018 12:00am
Cyprus, Egypt sign accord for Mediterranean gas pipeline

Cyprus, Egypt sign accord for Mediterranean gas pipeline

Cyprus and Egypt on Wednesday signed an agreement paving the way for the Mediterranean's first subsea pipeline to carry Cypriot natural gas to the Arab country for re-export to Europe. "Today's signing is an important milestone, not only for Cyprus but al
Published 20 Sep, 2018 12:00am
'More work' to get a continental trade deal: Trudeau

'More work' to get a continental trade deal: Trudeau

There is still a way to go to reach a new North American Free Trade Agreement, Canada's prime minister said Wednesday, brushing off US pressure for a quick deal as high-level talks resumed in Washington. "Our team is in Washington this morning to continue
Published 20 Sep, 2018 12:00am
Russian retail sales beat forecast but other indicators worrisome

Russian retail sales beat forecast but other indicators worrisome

Retail sales in Russia rose more than expected in August, suggesting a tepid economic recovery is underway, but real wage growth was slightly lower than forecast and agricultural output tumblled, data showed on Wednesday Russia's economy is recovering fro
Published 20 Sep, 2018 12:00am
US housing starts rise

US housing starts rise

US homebuilding increased more than expected in August, a positive sign for the housing market which has underperformed the broader economy amid rising interest rates for home loans. Housing starts rose 9.2 percent to a seasonally adjusted annual rate of
Published 20 Sep, 2018 12:00am
Yemen raises interest rates

Yemen raises interest rates

The central bank of war-torn Yemen has raised interest rates on deposits to an all-time high of 27 percent in a bid to stabilise the plunging riyal that caused food prices to soar. The bank also raised interest rates on government bonds to 17 percent from
Published 20 Sep, 2018 12:00am
Energy giants, banks launch new blockchain platform
Currency

Energy giants, banks launch new blockchain platform

Fifteen multinationals including energy behemoth Royal Dutch Shell and banking giant Citi on Wednesday announced the launch of a new blockchain platform to facilitate oil and gas deals. Dubbed komgo SA, the platform is the latest of several in the world o
Published 20 Sep, 2018 12:00am
Tesco launches discount stores to counter Aldi and Lidl

Tesco launches discount stores to counter Aldi and Lidl

British supermarket giant Tesco on Wednesday announced plans for discount food stores across the UK, as it comes under increasing pressure from German-owned Aldi and Lidl. Tesco, which is Britain's biggest retailer, said the first two Jack's stores open T
Published 20 Sep, 2018 12:00am
McDonald's spared in EU tax probe

McDonald's spared in EU tax probe

The European Union on Wednesday ended a long-running investigation into the tax arrangements between US fast food giant McDonald's and Luxembourg, finding the setup did not amount to illegal state aid. With the decision, the maker of Big Mac and McNuggets
Published 20 Sep, 2018 12:00am
Strawberry sabotage akin to 'terrorism': Australian PM

Strawberry sabotage akin to 'terrorism': Australian PM

The piercing of supermarket strawberries with sewing needles is comparable to terrorism, Australia's prime minister said Wednesday, as he demanded sentences of up to 15 years in response to a nationwide scare. Urging Australians to make a strawberry pavlo
Published 20 Sep, 2018 12:00am
UK inflation unexpectedly leaps to six-month high

UK inflation unexpectedly leaps to six-month high

British inflation jumped unexpectedly to a six-month high in August, pushed up by bigger-than-usual seasonal increases in sea and air fares and briefly sending sterling above $1.32 for the first time since July. Consumer price inflation rose to an annual
Published 20 Sep, 2018 12:00am
Sri Lanka shares up

Sri Lanka shares up

Sri Lankan shares ended marginally higher on Wednesday, edging up from their 30-month closing low hit in the previous session, as investors picked up battered shares, while sentiment was weighed down by weak rupee and continued foreign selling. The Colomb
Published 20 Sep, 2018 12:00am
Nikkei index jumps to near eight-month high

Nikkei index jumps to near eight-month high

Tokyo's benchmark Nikkei index surged to the highest level in nearly eight months on Wednesday, with investor sentiment buoyed by gains on Wall Street and a cheaper yen. The Nikkei 225 index gained 1.08 percent, or 251.98 points, to 23,672.52, rising for
Published 20 Sep, 2018 12:00am
Wall Street bounces back as investors shrug off trade tensions

Wall Street bounces back as investors shrug off trade tensions

Wall Street rebounded on Tuesday in a broad-based rally as investors brushed aside intensifying trade rhetoric between the United States and China. All three major US indexes closed higher following Monday's sell-off. Late Monday, US President Donald Trum
Published 20 Sep, 2018 12:00am
Indian shares plunge
Mutual Funds

Indian shares plunge

Indian shares gave up early gains to close lower on Wednesday, declining for a third straight session to their lowest close since late July, dragged by financials such as HDFC Bank Ltd and Housing Development Finance Corp as the rupee hovering near its re
Published 20 Sep, 2018 12:00am
Treasury yields move up

Treasury yields move up

US Treasury yields rose on Tuesday, as investors continued to price in more interest rate increases by the Federal Reserve this year and next and amid a heavy corporate bond schedule this week. News of a tit-for-tat on trade tariffs between the United Sta
Published 20 Sep, 2018 12:00am
Treasury yields move up

Treasury yields move up

US Treasury yields rose on Tuesday, as investors continued to price in more interest rate increases by the Federal Reserve this year and next and amid a heavy corporate bond schedule this week. News of a tit-for-tat on trade tariffs between the United Sta
Published 20 Sep, 2018 12:00am
Egypt index plunges as liquidity tightens, Saudi bourse climbs
Currency

Egypt index plunges as liquidity tightens, Saudi bourse climbs

Egypt's stock market plunged to its lowest close this year on Wednesday as liquidity tightened, while most Gulf markets were little changed and Saudi Arabia continued to rebound from six-month lows. The Egyptian stock index tumbled 3.8 percent, its bigges
Published 20 Sep, 2018 12:00am
China stocks rebound

China stocks rebound

China stocks rebounded strongly for the second straight day on Wednesday as investors piled into property and consumer stocks, betting Beijing will intensify stimulus measures to cushion the impact of an escalation in the Sino-US trade war. The blue-chip
Published 20 Sep, 2018 12:00am
Trade talk hopes drive European shares up
Currency

Trade talk hopes drive European shares up

A rally in European shares extended for a second day on Wednesday thanks to gains in trade-sensitive mining and autos stocks as investors saw a China-US trade war approaching its endgame. The STOXX 600 and leading euro zone stocks both rose 0.3 percent to
Published 20 Sep, 2018 12:00am
Most Southeast Asian stocks rise

Most Southeast Asian stocks rise

Most Southeast Asian stock markets rose on Wednesday, tracking gains in broader Asia, as investors shrugged off the latest round of tariff war between Washington and Beijing. China will levy tariffs on about $60 billion worth of US goods in retaliation fo
Published 20 Sep, 2018 12:00am
Trade war hopes buoy FTSE, still slave to sterling swings
Currency

Trade war hopes buoy FTSE, still slave to sterling swings

Britain's top share index extended its rally on Wednesday to hit a near two-week high as investors focused on hopes a US-China trade war was losing intensity. Brexit developments also kept the FTSE 100 in the thrall of currency moves on Wednesday, with in
Published 20 Sep, 2018 12:00am
Turkey to cut growth forecasts for this year and next
Currency

Turkey to cut growth forecasts for this year and next

Turkey will on Thursday cut its growth forecasts for this year and next amid a deep currency crisis, although the extent of next year's revision is still being debated by top government officials, sources said. The discussion over the growth targets under
Published 20 Sep, 2018 12:00am
SeaWorld to pay $4 million fine for downplaying 'Blackfish' damage

SeaWorld to pay $4 million fine for downplaying 'Blackfish' damage

SeaWorld Entertainment and its former chief executive will pay $5 million in fines for misleading investors about damage from a documentary film about its treatment of killer whales, US regulators announced Tuesday. Former CEO James Atchison and the firm
Published 20 Sep, 2018 12:00am
US firm snaps up German caravan maker to create global giant

US firm snaps up German caravan maker to create global giant

US group Thor Industries on Tuesday said it had bought German motorhome maker Erwin Hymer Group in a 2.1-billion-euro deal that will create "the world's largest" manufacturer of recreational vehicles. Thor, maker of the iconic silver Airstream motorhomes,
Published 20 Sep, 2018 12:00am
Kenya's finance minister cuts spending, money transfer taxes to rise

Kenya's finance minister cuts spending, money transfer taxes to rise

Kenya's Finance Minister Henry Rotich has cut the government's spending budget by 55.1 billion shillings ($546.90 million), or 1.8 percent, for the fiscal year from July this year, a Treasury document showed on Wednesday. The government is facing a tough
Published 20 Sep, 2018 12:00am
Yen tumbles in Asian trade
Currency

Yen tumbles in Asian trade

The Japanese yen stood near-two-month lows as financial markets took fresh US tariffs on Chinese goods in their stride and as US bond yields shot up to four-month highs on fears of higher inflation. The British pound held firm, briefly hitting its highest
Published 20 Sep, 2018 12:00am
Dollar falls to seven-week low in Europe
Currency

Dollar falls to seven-week low in Europe

The dollar neared a seven-week low against a basket of other currencies on Wednesday, while commodity currencies advanced on relief that the latest round of tariffs announced by China and the United States were not as harsh as the market expected.
Published 20 Sep, 2018 12:00am
Early trade in New York: Dollar slips against euro, Aussie
Currency

Early trade in New York: Dollar slips against euro, Aussie

The US dollar edged lower against the euro and fell to the lowest in nearly three weeks against the risk-sensitive Aussie on Wednesday, as investors did not rush to buy the greenback on the latest round of tariffs by China and the United States. The euro
Published 20 Sep, 2018 12:00am
Dollar climbs against yen, euro in New York
Currency

Dollar climbs against yen, euro in New York

The dollar rose to a two-month high against the safe-haven Japanese yen and advanced modestly against the euro on Tuesday as investors appeared to discount rising trade-related tensions between the United States and China.
Published 20 Sep, 2018 12:00am
Aussie, kiwi up
Currency

Aussie, kiwi up

The Australian dollar rallied for a third straight session on Wednesday as investors wagered China would take steps to support domestic growth in its trade dispute with the United States, so underpinning demand for commodities. Risk appetite was also help
Published 20 Sep, 2018 12:00am
Asian forex: most Asian currencies up; peso and rupiah weaken
Currency

Asian forex: most Asian currencies up; peso and rupiah weaken

Most Asian currencies edged higher on Wednesday, shrugging off another round of tit-for-tat exchanges in the US-China trade war, while suspected central bank intervention supported the rupee. The Chinese yuan allayed initial weakness at the open to streng
Published 20 Sep, 2018 12:00am
Sterling retreats
Currency

Sterling retreats

Sterling erased earlier gains on Wednesday after The Times reported that Britain's Prime Minister Theresa May had rejected an improved offer from the European Union to solve the Irish border issue. The British currency sank to the day's low after the repo
Published 20 Sep, 2018 12:00am
Mistrust hampering South Sudan peace: UN

Mistrust hampering South Sudan peace: UN

The United Nations warned Wednesday that entrenched suspicion was clouding a newly-minted deal to restore peace to South Sudan, as Amnesty International accused government forces of war crimes. "There's currently a key ingredient that is lacking. That's t
Published 20 Sep, 2018 12:00am
Facebook accused of discrimination with job ad targeting

Facebook accused of discrimination with job ad targeting

A complaint has been filed with the US government accusing Facebook and 10 other companies of using the platform's job ad targeting system to discriminate on the basis of gender. The complaint was announced Tuesday by the American Civil Liberties Union, a
Published 20 Sep, 2018 12:00am
Filmmaker Loridan-Ivens dies

Filmmaker Loridan-Ivens dies

French writer and filmmaker Marceline Loridan-Ivens, a lifelong friend of Simone Veil after the pair met in the Auschwitz-Birkenau Nazi death camp, died Tuesday aged 90, the late French minister's son Jean Veil told AFP. "She was mother's deportation comr
Published 20 Sep, 2018 12:00am
NSA leak fuels rise in hacking for crypto mining: report
Currency

NSA leak fuels rise in hacking for crypto mining: report

Illicit cryptocurrency mining has been surging over the past year, in part due to a leaked software tool from the US National Security Agency, researchers said Wednesday. A report by the Cyber Threat Alliance, an association of cybersecurity firms and exp
Published 20 Sep, 2018 12:00am
Yemeni children starve as food and fuel prices soar

Yemeni children starve as food and fuel prices soar

More than five million children risk famine in war-torn Yemen as food and fuel prices soar, Save the Children said Wednesday, warning an entire generation may face death and "starvation on an unprecedented scale". The three-year conflict between Yemen's S
Published 20 Sep, 2018 12:00am
Bangladesh passes controversial digital security law

Bangladesh passes controversial digital security law

Bangladesh's parliament on Wednesday passed a controversial digital security act despite protests by journalists who say the law will severely curb media freedom in the country. The new law, which according to a draft carries heavy jail sentences for secr
Published 20 Sep, 2018 12:00am
Hungary slams UN, insists will 'never be a country of migrants'

Hungary slams UN, insists will 'never be a country of migrants'

Hungary's foreign minister accused UN officials Wednesday of "spreading lies" with their criticism of Budapest's anti-migration policies, insisting his country would "never be a country of migrants". "It is obvious that the UN officials spreading these li
Published 20 Sep, 2018 12:00am
North and South Korea to bid for 2032 Summer Olympics

North and South Korea to bid for 2032 Summer Olympics

North and South Korea will bid jointly for the 2032 Olympics, they announced Wednesday, in an ambitious plan built on hopes of deepening a diplomatic thaw catalysed by this year's Winter Games in the South. The idea, which would require an unprecedented l
Published 20 Sep, 2018 12:00am
Abbas shines as Durham dismissed for their two record lowest scores

Abbas shines as Durham dismissed for their two record lowest scores

Durham were bowled out for their two lowest scores in first-class cricket on Wednesday as they collapsed to a humiliating defeat against Leicestershire. Pakistan seamer Mohammad Abbas ran riot at the County Ground, taking five for 43 in Durham's first-inn
Published 20 Sep, 2018 12:00am
Scottish champs Celtic make £17.3 million profit

Scottish champs Celtic make £17.3 million profit

Scottish champions Celtic announced on Wednesday a pre-tax profit of £17.3 million ($22 million) in the financial year up until June 30, 2018. The Glasgow club's profits rose from £6.9 million in 2017.
Published 20 Sep, 2018 12:00am
Stokes, Hales picked for England ODI series against Sri Lanka

Stokes, Hales picked for England ODI series against Sri Lanka

Ben Stokes and Alex Hales were named in England's one-day squad to tour Sri Lanka on Wednesday despite being charged with bringing cricket into disrepute. The pair face a disciplinary panel hearing in London in December following a brawl outside a nightcl
Published 20 Sep, 2018 12:00am
Naomi Osaka blazes into Tokyo quarters

Naomi Osaka blazes into Tokyo quarters

Japan's Naomi Osaka pulverised Slovak Dominika Cibulkova 6-2, 6-1 to reach the Pan Pacific Open quarter-finals on Wednesday in her first match since her historic US Open triumph. The 20-year-old, who earlier this month stunned Serena Williams to become Ja
Published 20 Sep, 2018 12:00am
Nadal to miss Asian tournaments

Nadal to miss Asian tournaments

World number one Rafael Nadal has announced his withdrawal from upcoming tournaments in Beijing and Shanghai due to the right knee injury that forced him to retire from the US Open earlier this month. Nadal had to pull out during his semi-final against Ju
Published 20 Sep, 2018 12:00am
Three officials given life bans by FIFA for corruption

Three officials given life bans by FIFA for corruption

FIFA has given three officials who pleaded guilty to corruption in a US court, life bans from all football-related activities for corruption, the sport's governing body announced on Wednesday. The adjudicatory chamber of the ethics committee banned former
Published 20 Sep, 2018 12:00am
Messi hat-trick fires Barca to victory over PSV

Messi hat-trick fires Barca to victory over PSV

Lionel Messi scored a sensational hat-trick as Barcelona kickstarted their Champions League campaign with a 4-0 win at home to Dutch champions PSV Eindhoven on Tuesday although they had defender Samuel Umtiti sent off in the second half. Barca's all-time
Published 20 Sep, 2018 12:00am
Late Firmino strike gives Liverpool 3-2 win over PSG

Late Firmino strike gives Liverpool 3-2 win over PSG

Roberto Firmino struck a stoppage-time winner as Liverpool beat Paris St Germain 3-2 at Anfield on Tuesday after Kylian Mbappe looked to have secured a point for the French side in a compelling Champions League Group C clash. Anfield played host to some m
Published 20 Sep, 2018 12:00am
Wawrinka on song in Saint Petersburg

Wawrinka on song in Saint Petersburg

Three-time Grand Slam champion Stan Wawrinka advanced to the quarter-finals of the St Petersburg Open on Wednesday with a win over Russian fourth seed Karen Khachanov in two tie-break sets. The 33-year-old Swiss star Wawrinka, a wildcard entry, knocked of
Published 20 Sep, 2018 12:00am
Baqar Shah wins Frontier Jeep Rally

Baqar Shah wins Frontier Jeep Rally

Mir Baqar Shah clinched the trophy of the 4X4 Frontier Jeep Club Off Road Rally which concluded on Wednesday. A total of 50 riders with their special prepared 4X4 Jeep took part in the contests continued for 15-days with most hectic track, having hurdles,
Published 20 Sep, 2018 12:00am
Shanghai copper hits One-month high; zinc surges

Shanghai copper hits One-month high; zinc surges

Shanghai copper prices rose sharply on Wednesday, tracking a jump in London in the previous session and hitting a one-month high, while zinc climbed more than 3 percent, as investors shrugged off an escalation in the US-China trade spat. China responded t
Published 20 Sep, 2018 12:00am
Copper and zinc jump as US-China trade tariffs undershoot expectations

Copper and zinc jump as US-China trade tariffs undershoot expectations

Copper jumped to its highest in three weeks on Wednesday, boosted by a weaker dollar after a new round of US-China trade tariffs proved not as costly as expected. China will levy tariffs on about $60 billion worth of US goods in retaliation for US tariffs
Published 20 Sep, 2018 12:00am
US oil prices surge as inventory draw adds to supply Concerns

US oil prices surge as inventory draw adds to supply Concerns

US oil futures surged nearly 2 percent on Wednesday as they were bolstered by a fifth weekly crude inventory drawdown and strong domestic gasoline demand amid ongoing global supply concerns over US sanctions on Iran that come into force in November.
Published 20 Sep, 2018 12:00am
Tokyo rubber down

Tokyo rubber down

Benchmark Tokyo rubber futures shed early gains to end lower on Wednesday, hovering at a nearly 2-year low hit in the previous session, amid worries that escalating trade conflicts may hurt global economy and demand for rubber. The Tokyo Commodity Exchang
Published 20 Sep, 2018 12:00am
Palm oil falls to two-month low
Vegetable Oil

Palm oil falls to two-month low

Malaysian palm oil futures hit their lowest in nearly two months on Wednesday, tracking declines in related edible oils and as traders expect higher stockpiles in producer nations. The benchmark palm oil contract for December delivery on the Bursa Malaysi
Published 20 Sep, 2018 12:00am
Raw sugar, arabica coffee rebound with Brazil currency
Currency

Raw sugar, arabica coffee rebound with Brazil currency

Raw sugar futures on ICE rose on Wednesday, erasing the prior session's losses, while arabica coffee rebounded above Tuesday's 2005 low, with both commodities trading in thin volume and buoyed by the strengthening currency in top grower Brazil. March raw
Published 20 Sep, 2018 12:00am
Gold down in New York

Gold down in New York

Gold prices turned negative on Tuesday as the dollar strengthened following news that China would retaliate against a new round of US tariffs on its goods. US Treasuries also rose, helping boost the dollar but pressuring gold. China said that it had no ch
Published 20 Sep, 2018 12:00am
Gold gains in Asia

Gold gains in Asia

Gold prices rose on Wednesday along with equities as the US dollar softened, with markets showing little worry over the latest escalation in the US-China trade war. Spot gold climbed 0.4 percent to $1,202.32 an ounce by 0656 GMT. US gold futures were up 0
Published 20 Sep, 2018 12:00am
Gold rises in Europe
Currency

Gold rises in Europe

Bullion bounced on Wednesday as the dollar weakened, indicating investors are starting to worry about the impact of the US-China trade war on the US economy, luring some buyers back into gold investments. Spot gold climbed 0.6 percent to $1,204.92 an ounc
Published 20 Sep, 2018 12:00am
US MIDDAY: soyabeans rebound

US MIDDAY: soyabeans rebound

US soyabean futures rose more than 1 percent on Wednesday, rebounding a day after the most-active contract fell to a 10-year low as the harvest of a likely record-large US crop got under way, analysts said. US wheat futures rose on technical buying and co
Published 20 Sep, 2018 12:00am
US MIDDAY: gold climbs
Currency

US MIDDAY: gold climbs

Gold rose on Wednesday as the dollar weakened, indicating investors are starting to worry about the impact of the US-China trade war on the US economy, luring some buyers back into precious metals investments. The US dollar edged lower against the euro an
Published 20 Sep, 2018 12:00am
Japanese MMA star Norifumi 'Kid' Yamamoto dies

Japanese MMA star Norifumi 'Kid' Yamamoto dies

Tributes flowed Wednesday for charismatic Japanese mixed martial artist Norifumi "Kid" Yamamoto, who died at age 41, three weeks after announcing a battle with cancer. Born to a family of wrestlers and martial artists, the wiry, tattoo-covered Yamamoto to
Published 20 Sep, 2018 12:00am
China denies meddling in US elections, demands 'respect'
Currency

China denies meddling in US elections, demands 'respect'

China on Wednesday called on the United States to show "respect" in their trade dispute and rejected President Donald Trump's claims that it was meddling in the US midterm elections by taking aim at his political base. The comments follow a combative seri
Published 20 Sep, 2018 12:00am
At least 27 drown as riverboat capsizes in DR Congo

At least 27 drown as riverboat capsizes in DR Congo

At least 27 people drowned and others were presumed dead after a riverboat capsized on a tributary of the Congo River in northern DR Congo, a local official said Wednesday. "We pulled 27 bodies from the Mongala river after the craft capsized overnight," p
Published 20 Sep, 2018 12:00am
Car hits pedestrians outside UK mosque in suspected hate crime

Car hits pedestrians outside UK mosque in suspected hate crime

Police in London launched an investigation Wednesday into a possible hate crime after a car hit a crowd outside a mosque, injuring three people. The collision, in Cricklewood in north London in the early hours of Wednesday, followed the occupants of the c
Published 20 Sep, 2018 12:00am
Thousands head home in Syria's Idlib after deal

Thousands head home in Syria's Idlib after deal

Thousands of residents of Syria's last major rebel bastion Idlib headed home within 48 hours of a deal being announced to avoid a government offensive to retake the province, a war monitor said on Wednesday. As air strikes intensified earlier this month,
Published 20 Sep, 2018 12:00am
Algeria sacks ground forces chief in army overhaul

Algeria sacks ground forces chief in army overhaul

Algeria's commander of ground forces has been retired, the defence ministry said Wednesday, a day after confirmation of the air force chief's ouster as part of a sweeping overhaul of the military. The armed forces chief of staff, Ahmed Gaid Salah, is to p
Published 20 Sep, 2018 12:00am
US still ready to talk to Iran

US still ready to talk to Iran

US leaders remain ready to negotiate with their Iranian counterparts but Tehran is still refusing President Donald Trump's overture to do so, a senior US official said Wednesday. Trump and Secretary of State Mike Pompeo "have all made clear that we are re
Published 20 Sep, 2018 12:00am
Philippines typhoon toll hits 81, expected to rise

Philippines typhoon toll hits 81, expected to rise

The death toll in the Philippines from Typhoon Mangkhut has climbed to 81 and could hit triple digits as searchers dig through a landslide where dozens are presumed dead, authorities said Wednesday. Mangkhut swamped farm fields in the nation's agricultura
Published 20 Sep, 2018 12:00am
Poland offering $2 billion to host US military base: Trump

Poland offering $2 billion to host US military base: Trump

US President Donald Trump said Tuesday he is seriously considering a request from Poland for US troops to be permanently based in the strategically important country on Europe's flank with an "aggressive" Russia. At a joint press conference with Polish Pr
Published 20 Sep, 2018 12:00am
Two killed as storm hits Britain and Ireland

Two killed as storm hits Britain and Ireland

A Swiss woman died after being blown off a cliff and a man was killed by a falling tree Wednesday as record winds lashed Britain and Ireland. Storm Ali brought gusts of more than 90 miles (145 kilometres) an hour and intense rainstorms. Officials said the
Published 20 Sep, 2018 12:00am
Trump again blasts US Attorney General Sessions

Trump again blasts US Attorney General Sessions

President Donald Trump attacked his Attorney General Jeff Sessions anew in an interview published Wednesday, deriding the official who is the key obstacle to the White House halting the increasingly menacing Russia collusion probe. "I don't have an attorn
Published 20 Sep, 2018 12:00am
Britain, EU clash over who should give ground on Brexit

Britain, EU clash over who should give ground on Brexit

British Prime Minister Theresa May clashed with EU leaders on Wednesday over who should make the next move to break the Brexit logjam, as the clock ticks down to get a deal. EU Council President Donald Tusk opened a crucial summit in the Austrian city of
Published 20 Sep, 2018 12:00am
SheMeansBusiness to impart knowledge and skills to women: Deevy

SheMeansBusiness to impart knowledge and skills to women: Deevy

APAC Facebook Director of Community Affairs Clair Deevy has said the SheMeansBusiness programme would equip Pakistani women, particularly women entrepreneurs with the knowledge, connections, skills and technology required to build and grow their businesse
Published 20 Sep, 2018 12:00am
BISP may apprise PM about its proposed programmes

BISP may apprise PM about its proposed programmes

Benazir Income Support Programme (BISP) is expected to make a presentation to the Prime Minister on its various existing and proposed programmes, with a focus on Waseela Sehat Programme in order to bring it in line with the manifesto of Pakistan Tehrik-i-
Published 20 Sep, 2018 12:00am
Minister orders third party audit of 34 delayed road projects

Minister orders third party audit of 34 delayed road projects

Minister of State for Communications Murad Saeed Wednesday directed for third party forensic audit of 34 delayed road projects escalating cost by around 40 percent, incurred billions of rupees losses to the national exchequer. Talking to the media here, S
Published 20 Sep, 2018 12:00am
Usman Ahmed elected PSMA chairman

Usman Ahmed elected PSMA chairman

Usman Ahmed, Shahzad Mushtaq Paracha and Waseem Akhter have been elected unopposed as Chairman, Senior Vice Chairman and Vice Chairman of Pakistan Soap Manufacturers Association (PSMA) for the year 2018-2019. Six elected unopposed members of managing comm
Published 20 Sep, 2018 12:00am
PEC Bill tabled in Senate

PEC Bill tabled in Senate

The Prevention of Electronic Crimes (Amendment) Bill 2018 was introduced in the Senate on Wednesday. State Minister for Revenue Hammad Azhar introduced the bill on behalf of Minister for Information Technology and Telecommunication Khalid Maqbool Siddiqui
Published 20 Sep, 2018 12:00am
Minister dissatisfied over slow pace of industrial schemes

Minister dissatisfied over slow pace of industrial schemes

Provincial Minister for Industries & Trade Mian Aslam Iqbal has expressed dissatisfaction over slow implementation of industrial schemes in the province. He was presiding over an important meeting to discuss ongoing and proposed schemes of industrial sect
Published 20 Sep, 2018 12:00am
APCNGA demands withdrawal of hike in gas prices

APCNGA demands withdrawal of hike in gas prices

While rejecting the recent hike in gas tariff, the All Pakistan CNG Association (APCNGA) has demanded of the federal government to immediately withdraw its decision to protect the CNG industry from devastation. Speaking a news conference at Peshawar Press
Published 20 Sep, 2018 12:00am
PHC suspends Aptma polls, EC's operation

PHC suspends Aptma polls, EC's operation

A division bench of Peshawar High Court (PHC) comprising Justice Ikramullah and Justice Musarrat Hilali suspended the election and operation of the executive committee of All Pakistan Textile Mills Association (Aptma). The order was given on the two ident
Published 20 Sep, 2018 12:00am
PHC suspends Aptma polls, EC's operation

PHC suspends Aptma polls, EC's operation

A division bench of Peshawar High Court (PHC) comprising Justice Ikramullah and Justice Musarrat Hilali suspended the election and operation of the executive committee of All Pakistan Textile Mills Association (Aptma). The order was given on the two ident
Published 20 Sep, 2018 12:00am
KCCA annual election on September 27

KCCA annual election on September 27

The managing committee of Karachi Customs Agents Association (KCAA) has announced the date of its annual general election 2018-2019. According to details, the elections will be held on September 27 2018 at KCAA's Auditorium (Head Office), Karachi.
Published 20 Sep, 2018 12:00am
Pakistan to chair 10th South Asia Sichuan Business Conference

Pakistan to chair 10th South Asia Sichuan Business Conference

The 9th South Asia Sichuan Business Promotion Roundtable Conference held on 18th and 19th September in Chengdu, China handed over the chair of the 10th Roundtable Conference to Pakistan after the concluding session of the conference which was attended by
Published 20 Sep, 2018 12:00am
EU parliamentarians visit LCCI

EU parliamentarians visit LCCI

A six-member delegation of the European Conservative and Reformists Group of Parliamentarians on Wednesday visited the Lahore Chamber of Commerce & Industry and had an interactive session with the LCCI office bearers. Head of the delegation Hasns-Olaf HEN
Published 20 Sep, 2018 12:00am
Flour fortification programme need of the hour: PFA

Flour fortification programme need of the hour: PFA

The Punjab Food Authority (PFA) has once again rolled up sleeves against flour mills in order to ensure the implementing of flour fortification program. This was revealed in a meeting with the officials of Food Fortification Programme, held at PFA Headqua
Published 20 Sep, 2018 12:00am
Muharram 9 and 10: LWMC completes cleanliness arrangements

Muharram 9 and 10: LWMC completes cleanliness arrangements

Lahore Waste Management Company (LWMC) has completed special cleanliness arrangements for Muharram 9 and 10. Special cleanliness operation was started from Muharram 1 and in this regard nearly more than 110 Imam Barghas are mechanically washed, disclosed
Published 20 Sep, 2018 12:00am
Gas tariff hike will hurt exports: FPCCI

Gas tariff hike will hurt exports: FPCCI

The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Regional Chairman and Vice President Ch Arfan Yousaf Wednesday said the government should have increased/imposed taxes and duties on luxury items instead of raw materials and the capital
Published 20 Sep, 2018 12:00am
UVAS vows to revamp livestock sector

UVAS vows to revamp livestock sector

The University of Veterinary and Animal Sciences (UVAS) Lahore organized a meeting of the Livestock Emergency Subgroup under the theme of Prime Minister's 100 days agenda to develop concrete plan to revamp livestock sector, here at the City Campus Lahore
Published 20 Sep, 2018 12:00am
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