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Print - 2019-07-05
Shell Advance awards Harley Davidson bikes to lucky winners

Shell Advance awards Harley Davidson bikes to lucky winners

Shell Pakistan Limited has always kept their consumers at the forefront. A new campaign "Namumkin se Agay - mauqay pe mauqa heavy offer kachoka" was launched by Shell Advance, empowering consumers go the extra mile to achieve their ambitions and realize t
Published 05 Jul, 2019 12:00am
PASDEC holds awareness session on use, benefits of mechanized mining

PASDEC holds awareness session on use, benefits of mechanized mining

Pakistan Stone Development Company (PASDEC), a company established by the Government of Pakistan to demonstrate best international industrial practices in the Stone Industry arranged an "Awareness Session on Use & Benefits of Mechanized Mining" in collabo
Published 05 Jul, 2019 12:00am
PPP to defend human rights under 18th Amendment: Bilawal

PPP to defend human rights under 18th Amendment: Bilawal

Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari said economic rights are not safe until democratic and human rights are not saved. He said they would defend the basic human rights under 18th amendment. Addressing a rally at Mohmand, he said
Published 05 Jul, 2019 12:00am
July-May seafood export falls by 4.11 percent

July-May seafood export falls by 4.11 percent

Pakistan's seafood export thinned by 4.11 percent to $406.564 million during July-May 2018-19, according to the official figures. Fall in seafood export now stands at $17.413 million in July-May 2018-19, comparing to $423.977 million in July-May 2017-18,
Published 05 Jul, 2019 12:00am
Shandur Festival: PIA operates additional flight to Chitral

Shandur Festival: PIA operates additional flight to Chitral

In order to promote tourism in Pakistan, the National Flag Carrier PIA is operating an additional flight to Chitral on Friday, 5th July for the convenience of the travelers and cope with the demand of passengers visiting Shandur Polo Festival. PIA spokesm
Published 05 Jul, 2019 12:00am
Mining: Senate body for issuing explosive licences in two months

Mining: Senate body for issuing explosive licences in two months

The Senate Functional Committee on Problems of Less Developed Areas Thursday directed the Ministry of Industries and Production to ensure issuance of explosive licences for mining purposes to eligible contractors within two months.
Published 05 Jul, 2019 12:00am
Political sagacity of Bhutto's calibre need of the hour: Murtaza

Political sagacity of Bhutto's calibre need of the hour: Murtaza

Advisor to Chief Minister Sindh on Information, Law and Anti Corruption Barrister Murtaza Wahab has said that Pakistanis were deeply missing their beloved leader Shaheed Zulfikar Ali Bhutto as the current internal and external situation requires a politic
Published 05 Jul, 2019 12:00am
PM, Sindh governor discuss Karachi projects

PM, Sindh governor discuss Karachi projects

Governor of Sindh Imran Ismail on Thursday called on Prime Minister Imran Khan and briefed him about the ongoing development projects in Karachi including K-4 water supply project. The PM accepted the invitation extended by the Sindh governor to visit Kar
Published 05 Jul, 2019 12:00am
Pakistan, Iran discuss barter trade deals' mechanism

Pakistan, Iran discuss barter trade deals' mechanism

Pakistan and Iran on Thursday discussed ways and means to enter into barter trade deal, besides removal of non-trade barriers. These issues came under discussion during the 8th meeting of Pak-Iran Joint Trade Committee which reviewed progress on issues re
Published 05 Jul, 2019 12:00am
UK ULSTER University team visits KU
Exchange

UK ULSTER University team visits KU

A two-member delegation of Ulster University, United Kingdom, on Thursday visited the University of Karachi and met the KU Vice Chancellor Professor Dr Khalid Mahmood Iraqi at his office. Professor Paul Hanna, the Associate Dean (Global Engagement), Facul
Published 05 Jul, 2019 12:00am
Cantonment boards given six weeks to remove structures of hoardings

Cantonment boards given six weeks to remove structures of hoardings

The Supreme Court on Thursday granted six weeks to the cantonment boards all over the country to remove structures erected for hoardings. A two-judge bench, headed by Justice Gulzar Ahmed, was hearing the case regarding removal of billboards from all majo
Published 05 Jul, 2019 12:00am
France expects weather-worn rapeseed crop to shrink by 22 percent

France expects weather-worn rapeseed crop to shrink by 22 percent

France is forecast to harvest 3.8 million tonnes of winter rapeseed this year, down 22% from 2018, the farm ministry said on Tuesday, confirming widespread expectations of a plunge in production following adverse growing weather. The ministry's initial ou
Published 05 Jul, 2019 12:00am
Russian analysts cut wheat export estimates

Russian analysts cut wheat export estimates

Russian agriculture consultants IKAR and SovEcon said they downgraded their forecasts for Russia's wheat exports in the new 2019/20 marketing season starting July 1 amid dry weather. Russia, the world's largest wheat exporter which ships its grain to Afri
Published 05 Jul, 2019 12:00am
Gold eases in Europe

Gold eases in Europe

Gold prices eased on Thursday as investors locked in profits before this week's US non-farm payrolls data and as a rally in stock markets briefly halted the metal's recent strong run. Spot gold was 0.3% lower at $1,414.21 an ounce by 09:43 a.m. EDT (1343
Published 05 Jul, 2019 12:00am
Gold dips in Asia

Gold dips in Asia

Gold prices edged lower on Thursday due to an uptick in the stock markets, while investors sought direction from upcoming US non-farm payrolls data for more cues on Federal Reserve's stance on rate cuts. Spot gold was 0.3% lower at $1,414.07 per ounce, as
Published 05 Jul, 2019 12:00am
Gold steadies in New York

Gold steadies in New York

Gold steadied on Wednesday, paring earlier gains as a rally in equities reduced the attraction of the non-yielding metal, while global growth concerns and prospects for dovish monetary policy kept bullion supported. Spot gold was steady at $1,416.98 per o
Published 05 Jul, 2019 12:00am
Palm oil edges down for second day
Vegetable Oil

Palm oil edges down for second day

Malaysian palm oil futures fell for a second consecutive session on Thursday evening due to a firmer ringgit and concerns over the longer term outlook for production and exports. A stronger ringgit, palm's currency of trade, usually makes the edible oil m
Published 05 Jul, 2019 12:00am
Rubber drops
Exchange

Rubber drops

Tokyo Commodity Exchange (TOCOM) futures dipped to a 3-month low on Thursday, extending losses into a third day, as technical selling gathered speed, amid oversupply concerns. The benchmark TOCOM rubber contract for December delivery finished 1.9 yen, or
Published 05 Jul, 2019 12:00am
Oil prices fall on US inventory data, concerns about demand

Oil prices fall on US inventory data, concerns about demand

Oil prices fell in thin trade on Thursday, weighed down by data showing a smaller-than-expected draw on US crude stockpiles and worries about the global economy. Front-month Brent crude futures, the international benchmark for oil prices, settled down 52
Published 05 Jul, 2019 12:00am
Zinc slides to two-week low as Chinese supply rises
Exchange

Zinc slides to two-week low as Chinese supply rises

Zinc prices fell to their lowest in two weeks on Thursday as rising Chinese production and a collapse in the premium for cash metal on the London Metal Exchange (LME) pointed to a better supplied market. Benchmark zinc on the LME ended down 1% at $2,425 a
Published 05 Jul, 2019 12:00am
London cocoa prices rise amid uncertainty over floor price

London cocoa prices rise amid uncertainty over floor price

London cocoa prices on ICE rallied on Thursday amid uncertainty over how top producers Ivory Coast and Ghana will price their cocoa going forward. September London cocoa settled up 40 pounds, or 2.2%, at 1,848 pounds per tonne, having hit its highest sinc
Published 05 Jul, 2019 12:00am
Putin meets pope, 'welcoming' populist government during Italy trip

Putin meets pope, 'welcoming' populist government during Italy trip

Russian President Vladimir Putin arrived in Rome Thursday for a lightning visit including talks with the pope and Italy's populist government, which has called for an easing of sanctions despite Moscow's ongoing crisis with the West. Rome's historic centr
Published 05 Jul, 2019 12:00am
Another death as heavy rains prompt evacuations in Japan

Another death as heavy rains prompt evacuations in Japan

Torrential rains killed one woman and caused flooding and landslides in southern Japan on Thursday, authorities said, as they began lifting evacuation orders that had been in place for over one million people. The woman's death, confirmed after she was re
Published 05 Jul, 2019 12:00am
Bulgaria allows unlimited donations for political parties

Bulgaria allows unlimited donations for political parties

Bulgaria's parliament removed all limits for individual and corporate donations for political parties Thursday, a move which many fear could worsen the country's already endemic corruption. The controversial changes are scheduled to come into force over t
Published 05 Jul, 2019 12:00am
6.4-magnitude quake hits Southern California

6.4-magnitude quake hits Southern California

A 6.4 magnitude earthquake hit Southern California on Thursday at 10:33 am (17:33 GMT) near the Searles Valley in San Bernardino County, the United States Geological Survey said. The shallow quake struck at a depth of 5.4 miles (8.7 kilometers) in the vas
Published 05 Jul, 2019 12:00am
Syrian regime strikes kill four civilians, hit hospitals

Syrian regime strikes kill four civilians, hit hospitals

Regime air strikes Thursday on an anti-government bastion in northwest Syria killed four civilians, two of them children, and hit three hospitals already damaged in previous raids, a monitor said. A fifth person, another child, was killed in a separate ai
Published 05 Jul, 2019 12:00am
Kosovo bans Serbian officials

Kosovo bans Serbian officials

Kosovo has banned Serbian officials from its territory over their "constant propaganda and false news", a foreign ministry official said Thursday, heating up the latest diplomatic battle between the former war foes. Serbia and its former province Kosovo,
Published 05 Jul, 2019 12:00am
EU agency resolves post-Brexit London property dispute

EU agency resolves post-Brexit London property dispute

The European Medicines Agency said Thursday it had reached a sublet agreement on its London premises after moving headquarters to Amsterdam because of Britain's impending exit from the EU. The EMA has been trying to wrangle out of the 20 remaining years o
Published 05 Jul, 2019 12:00am
Tutankhamun relic sells for $6 million in London despite Egyptian outcry

Tutankhamun relic sells for $6 million in London despite Egyptian outcry

A 3,000-year-old quartzite head of Egyptian "Boy King" Tutankhamun was auctioned off for $6 million on Thursday in London despite an outcry from Cairo. Christie's auction house sold the 28.5-centimetre (11-inch) relic for £4,746,250 ($5,970,000, 5,290,000
Published 05 Jul, 2019 12:00am
Erdogan says solution possible for China's Muslims

Erdogan says solution possible for China's Muslims

Turkish President Recep Tayyip Erdogan said a solution could be found to help Muslims interned in Chinese camps "taking into account the sensitivities" of both sides, in comments published Thursday. Turkey is one of the only Muslim-majority countries to h
Published 05 Jul, 2019 12:00am
Trump girds for July 4 bash starring himself

Trump girds for July 4 bash starring himself

President Donald Trump prepared Thursday to host an Independence Day show like no other, featuring a speech from the Lincoln Memorial, a display of military tanks and jets roaring over Washington in what critics deride as a tax-payer-funded exercise in gl
Published 05 Jul, 2019 12:00am
27 dead as fishing boat sinks off Honduras

27 dead as fishing boat sinks off Honduras

At least 27 people died and nine were missing Wednesday when their fishing boat sank off the Caribbean coast of Honduras, the country's military said. Armed forces spokesman Jose Meza said that 55 people survived when the vessel sank off the remote coasta
Published 05 Jul, 2019 12:00am
Flash flood in Mexico kills eight hikers

Flash flood in Mexico kills eight hikers

Eight hikers died in a flash flood in Mexico, authorities said Thursday. They were walking along a stream in northern Coahuila state Tuesday when a sudden surge of water swept them away, state authorities said. An initial investigation suggests the water
Published 05 Jul, 2019 12:00am
34 staff freed after Canadian potash mine ordeal

34 staff freed after Canadian potash mine ordeal

More than 30 employees at a Canadian potash mine have been rescued after being trapped underground for 24 hours, a company spokesman said. The workers were carrying out maintenance duties when a service shaft broke down on Tuesday afternoon at Saskatoon-b
Published 05 Jul, 2019 12:00am
European wheat falls to 3-week low

European wheat falls to 3-week low

European wheat fell to a near three-week low on Tuesday as US markets continued to weaken, pressured by good harvest progress in the United States and poor export prospects. Benchmark December milling wheat on Paris-based Euronext, was down 1% by 1537 GMT
Published 05 Jul, 2019 12:00am
Indonesia's May palm oil output likely to rise

Indonesia's May palm oil output likely to rise

Indonesia's palm output in May likely rose from a month earlier, while exports declined, according to a Reuters survey of industry groups and researcher. Palm oil output in Indonesia, the world's top exporter, likely rose to 4.6 million tonnes in May, up
Published 05 Jul, 2019 12:00am
Trade activity down on cotton market
Cotton

Trade activity down on cotton market

Trade activity came down on the cotton market on Thursday in the process as the leading ginners were on the sidelines due to less buying interest, dealers said. The official spot rate was unchanged at Rs 8100, they added. In ready session, around 2400 bal
Published 05 Jul, 2019 12:00am
Activities at Karachi and Port Qasim

Activities at Karachi and Port Qasim

The Karachi Port handled 180,818 tonnes of cargo comprising 109,762 tonnes of import cargo and 71,056 tonnes of export cargo including 8,688 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 05 Jul, 2019 12:00am
Chinese steel futures fall on brisk output
Exchange

Chinese steel futures fall on brisk output

Chinese steel futures fell on Wednesday as production restrictions have been eased in some steelmaking hubs, raising concerns that overall output will remain brisk and providing extra support to record-high iron ore prices. The most-active October rebar c
Published 05 Jul, 2019 12:00am
Vietnam's coffee prices higher on lower supplies

Vietnam's coffee prices higher on lower supplies

Coffee prices in Vietnam edged higher this week on low supplies, while trading activity picked up in Indonesia where a major harvest was in full swing. Farmers in the Central Highlands, Vietnam's largest coffee growing area, sold coffee at 35,000 dong ($1
Published 05 Jul, 2019 12:00am
European gasoline margins rise

European gasoline margins rise

Northwest European gasoline refining margins rose on Monday as exports to the US East Coast picked up following a fire at a major East Coast refinery. Gasoline exports from Europe to the US East Coast rose in recent days after the June 21 fire at the 335,
Published 05 Jul, 2019 12:00am
Germany set for larger winter wheat crop in 2019

Germany set for larger winter wheat crop in 2019

Germany is on course for a larger winter wheat crop in 2019 after drought caused massive harvest damage last year, the association of German farmers DBV said on Wednesday. Germany will harvest about 24.1 million tonnes of winter wheat, up from the small c
Published 05 Jul, 2019 12:00am
Ivory Coast farmers pin hopes for main cocoa crop on July weather

Ivory Coast farmers pin hopes for main cocoa crop on July weather

Rainfall last week in most of Ivory Coast's cocoa regions was mainly below average and farmers on Monday said weather conditions this month would be crucial in determining the quality of the October-to-March main crop. The April-to-September mid-crop was
Published 05 Jul, 2019 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,989. The traded value of Metals, Energy and COTS/FX was recorded at PKR 10.325 billion and the number of lots traded 12,486.
Published 05 Jul, 2019 12:00am
Brazil markets rally, stocks hit new highs

Brazil markets rally, stocks hit new highs

Brazilian financial markets rallied strongly on Thursday, with stocks hitting a fresh all-time high, on growing investor optimism that Congress will soon approve a comprehensive and weighty pension reform bill. The benchmark Bovespa stock market rose as m
Published 05 Jul, 2019 12:00am
Sterling near two-week lows on weak data, falling yields

Sterling near two-week lows on weak data, falling yields

Sterling held near two-week lows on Thursday after weak economic data and a global drop in government bond yields raised expectations that the Bank of England's next policy move will be to cut interest rates. Investors have ramped up their expectations fo
Published 05 Jul, 2019 12:00am
Aussie, kiwi rise

Aussie, kiwi rise

The Australian dollar firmed to two-month highs on Thursday as market wagered on ever more easing from central banks in the United States and Europe, driving Treasury yields to their lowest since late 2016. The Aussie popped up to $0.7034, having climbed
Published 05 Jul, 2019 12:00am
South Africa's rand surge
Currency

South Africa's rand surge

South Africa's rand rose against the dollar on Thursday to hit its strongest in nearly three months, tracking fellow emerging market currencies, as the dollar was dented by hopes of US interest rate cuts. Stocks were down after the U.S national holiday re
Published 05 Jul, 2019 12:00am
US markets closed

US markets closed

US stocks, financial and commodity markets were closed on Thursday due to Independence Day holiday. Markets will resume normal trading on Friday.
Published 05 Jul, 2019 12:00am
Most Asia currencies advance

Most Asia currencies advance

Most emerging Asian currencies gained ground against a broadly weaker dollar on Thursday, as a slew of weak US economic data boosted chances the Federal Reserve will cut rates this month. The US trade deficit jumped in May while the protracted trade war b
Published 05 Jul, 2019 12:00am
Sri Lankan rupee steadies

Sri Lankan rupee steadies

Sri Lankan rupee closed steady at 176.00/25 per dollar on Thursday as banks' dollar sales offset the importer greenback demand. The rupee rose 0.17% last week, and is up 3.75% so far this year. The rupee dropped 16% in 2018 and was one of the worst-perfor
Published 05 Jul, 2019 12:00am
Dollar dips against yen in New York on Fed rate cut view
Currency

Dollar dips against yen in New York on Fed rate cut view

The dollar slipped to a one-week low against the Japanese yen on Wednesday, weighed down by declining US Treasury bond yields, fading optimism over the China-US trade deal, and the possibility of fresh tariff hostilities with Europe. Volume was light ahea
Published 05 Jul, 2019 12:00am
Euro, dollar down in European trade
Exchange

Euro, dollar down in European trade

The euro was stuck near two-week lows on Thursday and the dollar drifted away from recent highs as sliding government bond yields pressured both currencies. The global bond rally has accelerated this week on expectations of more monetary easing from centr
Published 05 Jul, 2019 12:00am
Dollar finds few buyers in Asia
Exchange

Dollar finds few buyers in Asia

The dollar was on the back foot on Thursday, trading near a one-week low versus the yen as falling Treasury yields boosted expectations the US Federal Reserve will cut interest rates this month for the first time in a decade. Government bonds are in the m
Published 05 Jul, 2019 12:00am
Tomic stripped of £45,000 Wimbledon prize money for tanking

Tomic stripped of £45,000 Wimbledon prize money for tanking

Australia's Bernard Tomic was stripped of his entire £45,000 ($56,600) Wimbledon prize money on Thursday for tanking in his first round match which was over in just 58 minutes. The controversial Tomic, who has previously been accused of not trying in his
Published 05 Jul, 2019 12:00am
Federer cruises, champion Kerber knocked out
Kerb

Federer cruises, champion Kerber knocked out

Eight-time champion Roger Federer eased into the third round of Wimbledon on Thursday, beating British wild card Jay Clarke 6-1, 7-6 (7/3), 6-2 to equal American legend Jimmy Connors's record of 17 appearances in the last 32. The 37-year-old Swiss great's
Published 05 Jul, 2019 12:00am
Nadal beats Kyrgios

Nadal beats Kyrgios

Rafael Nadal defeated Nick Kyrgios 6-3, 3-6, 7-6 (7/5), 7-6 (7/3) in a stormy and bad-tempered Wimbledon second round encounter on Centre Court on Thursday. It was Nadal's 50th win at the tournament as he continues his push for a third Wimbledon title and
Published 05 Jul, 2019 12:00am
Lampard returns to Chelsea as manager

Lampard returns to Chelsea as manager

Frank Lampard promised to keep Chelsea competitive at the top of the Premier League after his return to the club as manager on a three-year deal was confirmed on Thursday. Lampard won 13 trophies in 13 years and became Chelsea's all-time leading marksmen
Published 05 Jul, 2019 12:00am
West Indies see off Afghanistan in World Cup

West Indies see off Afghanistan in World Cup

Chris Gayle failed with the bat but struck with his tame off-breaks as the West Indies secured just their second win of a chastening World Cup campaign against Afghanistan on Thursday. The Caribbean side scored 311 for six in their 50 overs in Leeds and a
Published 05 Jul, 2019 12:00am
Golden makes new record of reverse driving

Golden makes new record of reverse driving

World fame Sultan Mohammad Khan Golden of Pakistan, a Pakistani motorcar and motorcycle stuntman and jumping specialist had made a new world record of reverse driving his car over a speed of 112 kilometer per hours during his practice preparation for the
Published 05 Jul, 2019 12:00am
Manchester City sign Rodri for club record fee

Manchester City sign Rodri for club record fee

Premier League champions Manchester City on Thursday announced the signing of Spanish international midfielder Rodri on a five-year deal from Atletico Madrid for a club record fee. Rodri, 23, officially became a City player a day after the La Liga club re
Published 05 Jul, 2019 12:00am
Pakistan need miracle, admits Sarfaraz

Pakistan need miracle, admits Sarfaraz

Pakistan skipper Sarfaraz Ahmed admitted his team need a miracle to qualify for the World Cup semi-finals as they prepare for their final league game against Bangladesh at Lord's on Friday. Pakistan require an outlandishly big victory but if Bangladesh ba
Published 05 Jul, 2019 12:00am
Dutch great Robben announces retirement

Dutch great Robben announces retirement

Dutch winger Arjen Robben announced on Thursday he is ending his playing career at the age of 35 after a 10-year spell with German giants Bayern Munich. "It is without a doubt the most difficult decision I have had to make in my career, my heart says yes,
Published 05 Jul, 2019 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (July 04, 2019).

Published 05 Jul, 2019 12:00am