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Print - 2019-07-12
I Coast must overhaul key cocoa sector: World Bank
Currency

I Coast must overhaul key cocoa sector: World Bank

Ivory Coast, the world's largest cocoa producer, earns just a fraction of the crop's potential value and must process it domestically and develop its distribution to fully reap the benefits, a World Bank report said Thursday.
Published 12 Jul, 2019 12:00am
Bank of England boss dodges IMF speculation

Bank of England boss dodges IMF speculation

Bank of England governor Mark Carney on Thursday gave outgoing IMF chief Christine Lagarde his warm support as she heads to the European Central Bank, but evaded questions about whether he wants to succeed her. The Canadian is due to end his posting in Lo
Published 12 Jul, 2019 12:00am
Airbnb cedes to EU pressure on price offers

Airbnb cedes to EU pressure on price offers

Airbnb has successfully fended off Brussels regulators in time for the summer holidays by agreeing to change how it presents rental prices to consumers, the EU said on Wednesday.
Published 12 Jul, 2019 12:00am
US government posts $8 billion deficit in June

US government posts $8 billion deficit in June

The US government posted an $8 billion budget deficit in June, according to data released on Thursday by the Treasury Department. Analysts polled by Reuters had expected a $6.35 billion deficit for the month.
Published 12 Jul, 2019 12:00am
US underlying inflation stirring; labour market tightening

US underlying inflation stirring; labour market tightening

US underlying consumer prices increased by the most in nearly 1-1/2 years in June amid solid gains in a range of goods and services, but that did not change expectations the Federal Reserve would cut interest rates this month.
Published 12 Jul, 2019 12:00am
Thomas silences doubters, breakaway duo share mountain spoils

Thomas silences doubters, breakaway duo share mountain spoils

Defending Tour de France champion Geraint Thomas defied his doubters Thursday as Belgian Dylan Teuns won stage six and his breakaway partner Giulio Ciccone snatched the yellow jersey by just a few seconds on an iconic mountain stage. Teuns won the ultra-t
Published 12 Jul, 2019 12:00am
Kohli says fans should be 'measured' after World Cup woe

Kohli says fans should be 'measured' after World Cup woe

India captain Virat Kohli has urged frustrated fans in his cricket-crazy nation not to get emotional after their shock World Cup semi-final defeat to New Zealand on Wednesday. Kohli's side went down to by 18 runs at Old Trafford after the last four tie wa
Published 12 Jul, 2019 12:00am
Fans shower praise on Jadeja for keeping Indian dream alive

Fans shower praise on Jadeja for keeping Indian dream alive

Fans heaped praise Thursday on Ravindra Jadeja after the "bits and pieces" cricketer emerged as the unlikely hero of a losing cause, silencing critics who had questioned his place in the star-packed Indian team. The all-rounder top-scored with 77 to take
Published 12 Jul, 2019 12:00am
England thump Australia to reach World Cup final

England thump Australia to reach World Cup final

England booked their place in the World Cup final against New Zealand with a dominant eight-wicket win over reigning champions Australia at Edgbaston on Thursday. Jason Roy hit a blistering 85 as England reached a victory target of 224 with a mammoth 107
Published 12 Jul, 2019 12:00am
FIFA reveals harsher punishment for racist behaviour

FIFA reveals harsher punishment for racist behaviour

FIFA wants teams to automatically forfeit matches if their supporters are found to be guilty of racist and other discriminatory behaviour, world football's governing body has announced. "Unless there are exceptional circumstances, if a match is abandoned
Published 12 Jul, 2019 12:00am
Halep overwhelms Svitolina to make Wimbledon history for Romania

Halep overwhelms Svitolina to make Wimbledon history for Romania

Simona Halep became the first Romanian woman to reach the Wimbledon final on Thursday when she defeated Ukraine's Elina Svitolina 6-1, 6-3. The 27-year-old seventh seed, who was French Open champion in 2018, will be playing in her fifth Grand Slam final.
Published 12 Jul, 2019 12:00am
CAS overturns Olympic ban on Mutko

CAS overturns Olympic ban on Mutko

The Court of Arbitration for Sport (CAS) overturned on Thursday the decision by the International Olympic Committee (IOC) to impose a lifetime ban on the former Russian deputy prime minister Vitaly Mutko. "The decision concerning Mr Vitaly Mutko, adopted
Published 12 Jul, 2019 12:00am
Hamilton ducks controversy, praises British fans

Hamilton ducks controversy, praises British fans

Lewis Hamilton did his best to avoid controversy Thursday when he ducked comparisons with other drivers and heaped praise on his countrymen ahead of his home British Grand Prix. The defending five-time world champion and current series leader was asked to
Published 12 Jul, 2019 12:00am
Dollar slips in Asia
Currency

Dollar slips in Asia

The dollar eased on Thursday after Federal Reserve Chairman Jerome Powell set the stage for a rate cut later this month, vowing to "act as appropriate" to ensure the world's biggest economy will be able to sustain a decade-long expansion. In testimony to
Published 12 Jul, 2019 12:00am
Dollar stays at 5-day lows in Europe
Currency

Dollar stays at 5-day lows in Europe

The dollar was stuck at a five-day low on Thursday after Federal Reserve Chair Jerome Powell kept the door open for US interest rate cuts, though investors were wary of selling dollars aggressively until a policy review later this month.
Published 12 Jul, 2019 12:00am
Early trade in New York: Dollar dips to one-week low

Early trade in New York: Dollar dips to one-week low

The dollar slipped to near a one-week low on Thursday after Federal Reserve Chair Jerome Powell's bleak comments on the US economy bolstered expectations of an interest rate cut later this month, which would be the first in a decade.
Published 12 Jul, 2019 12:00am
Dollar retreats in NY after Powell's bleak US outlook

Dollar retreats in NY after Powell's bleak US outlook

The dollar retreated on Wednesday after Federal Reserve Chairman Jerome Powell struck a downbeat tone in congressional testimony, saying trade uncertainties and concerns about the global outlook continued to exert pressure on the US economy.
Published 12 Jul, 2019 12:00am
Bitcoin extends losses
Currency

Bitcoin extends losses

Bitcoin dipped almost 8% on Thursday, extending losses the day after US Federal Reserve Chairman Jerome Powell called for a halt to Facebook's Libra cryptocurrency project until concerns ranging from privacy to money-laundering were addressed. The origina
Published 12 Jul, 2019 12:00am
Dovish Powell boosts Asian currencies
Currency

Dovish Powell boosts Asian currencies

Emerging Asian currencies strengthened against a weaker dollar on Thursday after Federal Reserve Chair Jerome Powell all but confirmed a month-end rate cut to prop-up a cooling economy. Global risk assets, including the region's currencies, welcomed the p
Published 12 Jul, 2019 12:00am
South African rand strengthens
Exchange

South African rand strengthens

South Africa's rand strengthened on Thursday after the chairman of the Federal Reserve set the stage for a US interest rate cut later this month, weakening the dollar and boosting risk appetite worldwide. Stocks enjoyed an early rally after positive retai
Published 12 Jul, 2019 12:00am
Sterling on course to reverse week's losses
Currency

Sterling on course to reverse week's losses

Sterling firmed on Thursday, erasing most of this week's losses, after US Federal Reserve Chairman Jerome Powell weakened the dollar by leaving the door open for rate cuts. The pound edged higher thanks to broad-based dollar weakness, snapping a recent lo
Published 12 Jul, 2019 12:00am
Aussie, kiwi back from the brink
Currency

Aussie, kiwi back from the brink

The Australian and New Zealand dollars were back from the brink on Thursday as dovish signals from the US Federal Reserve shoved Treasury yields sharply lower and took the US dollar along for the ride. The Aussie was back up at $0.6975, having been down a
Published 12 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 4,003. The traded value of Metals, Energy and COTS/FX was recorded at PKR 21.926 billion and the number of lots traded 20,107. Major business was contributed by NSDQ100 a
Published 12 Jul, 2019 12:00am
Brazil ships record amount of green coffee

Brazil ships record amount of green coffee

Brazilian farmers shipped a record 37.12 million 60-kg (132-lb) bags of green coffee in the 2018-19 crop year ended in June, 38.1% more than the previous crop, as ample supplies from all-time high output boosted trade. According to a report from exporters
Published 12 Jul, 2019 12:00am
Asia's naphtha at two months high

Asia's naphtha at two months high

Asia's naphtha crack reached a two-month high of $38.73 a tonne on Wednesday, while gasoline margins hit a 2-1/2 month high of $7.08 a barrel, supported by supply disruptions in Asia and strong demand in the West. Vietnam's Nghi Son oil refinery is being
Published 12 Jul, 2019 12:00am
Paris wheat recovers from seven-week low
Exchange

Paris wheat recovers from seven-week low

Paris wheat futures ended slightly higher on Wednesday, pulling away from an earlier seven-week low as traders awaited further indications on the summer harvest while also looking ahead to US government crop forecasts. Front-month September milling wheat
Published 12 Jul, 2019 12:00am
US natural gas futures hit fresh five-week high
Exchange

US natural gas futures hit fresh five-week high

US natural gas futures edged up to fresh five-week highs on Wednesday on forecasts that continued to call for the weather to remain hotter than normal through late July and a slight decline in output over the past few days. That should keep the amount of
Published 12 Jul, 2019 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 135,274 tonnes of cargo comprising 102,832 tonnes of import cargo and 32,442 tonnes of export cargo including 9,458 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of
Published 12 Jul, 2019 12:00am
Cotton market: Strong demand persists for fine quality
Cotton

Cotton market: Strong demand persists for fine quality

Persistent demand for quality lint, helped the rates to maintain rising trend on the cotton market on Thursday, dealers said. The official spot rate was inert at Rs 8400, they added. In ready session, around 8000 bales of cotton changed hands between Rs 8
Published 12 Jul, 2019 12:00am
CBOT wheat futures higher from early weakness

CBOT wheat futures higher from early weakness

Chicago Board of Trade wheat futures closed higher on Wednesday, rallying from early weakness on short-covering and position-squaring a day ahead of the US Department of Agriculture's monthly supply/demand report. CBOT September soft red winter wheat sett
Published 12 Jul, 2019 12:00am
CBOT soyabean futures up ahead of USDA monthly data

CBOT soyabean futures up ahead of USDA monthly data

Chicago Board of Trade soyabean futures closed higher on Wednesday on position-squaring a day ahead of a monthly US Department of Agriculture report in which analysts expect the government to lower its estimates of US 2019 soyabean production and ending s
Published 12 Jul, 2019 12:00am
Trump escalates war on social media at White House 'summit'

Trump escalates war on social media at White House 'summit'

Escalating his attacks on Silicon Valley, President Donald Trump hinted Thursday at new regulations on social media as he gathered critics of major online platforms at a White House "summit." Trump invited conservative activists who have been curbed or ba
Published 12 Jul, 2019 12:00am
Car bomb kills at least four at funeral in Benghazi

Car bomb kills at least four at funeral in Benghazi

A car bomb exploded during the funeral of an ex-army commander in the Libyan city of Benghazi on Thursday, killing at least four people and wounding more than 30 others, hospitals said. A security official said the attack, the first in over a year in the
Published 12 Jul, 2019 12:00am
Migrants, refugees in Libyan centres must be freed: UN

Migrants, refugees in Libyan centres must be freed: UN

The heads of two refugee agencies called Thursday for refugees and migrants held in Libyan centres to be freed and for countries to take them in. UN High Commissioner for Refugees Filippo Grandi and International Organization for Migration director Antoni
Published 12 Jul, 2019 12:00am
China decries UN human rights letter as 'slander'

China decries UN human rights letter as 'slander'

China on Thursday labelled as "slander" a letter sent to top United Nations officials by more than 20 countries condemning Beijing's treatment of ethnic minorities. An estimated one million mostly Muslim ethnic minorities are held in internment camps in t
Published 12 Jul, 2019 12:00am
Japan's Hayabusa2 probe makes 'perfect' touchdown on asteroid

Japan's Hayabusa2 probe makes 'perfect' touchdown on asteroid

Japan's Hayabusa2 probe made a "perfect" touchdown Thursday on a distant asteroid, collecting samples from beneath the surface in an unprecedented mission that could shed light on the origins of the solar system. "We've collected a part of the solar syste
Published 12 Jul, 2019 12:00am
Merkel sits during anthems after shaking spells

Merkel sits during anthems after shaking spells

German Chancellor Angela Merkel on Thursday insisted she took care of her health after remaining seated during national anthems at an official ceremony, in a rare change of protocol apparently to prevent a repeat of uncontrollable shaking. With questions
Published 12 Jul, 2019 12:00am
Cyprus leaders launch first phone network that straddles divide

Cyprus leaders launch first phone network that straddles divide

Rival Cypriot leaders, who have not held peace talks for two years, picked up the phone Thursday to launch the divided island's newly integrated mobile phone network. The move allows residents of the internationally recognised south and the breakaway Turk
Published 12 Jul, 2019 12:00am
Fierce storm kills seven in Greek tourist peninsula

Fierce storm kills seven in Greek tourist peninsula

Seven people died and at least 23 were injured as a fierce storm ripped through beachfronts in one of Greece's top tourist areas, terrifying thousands of holidaymakers caught in the open, authorities said Thursday. Six tourists including two children were
Published 12 Jul, 2019 12:00am
Major shuffle at NASA in rush to meet Trump's moon deadline

Major shuffle at NASA in rush to meet Trump's moon deadline

NASA has replaced the head of its human space exploration directorate in a major shake-up, US media reported Wednesday, as the agency scrambles to meet President Donald Trump's ambitious deadline to return astronauts to the moon by 2024. The project - nam
Published 12 Jul, 2019 12:00am
Israel disperses Palestinian protest over demolition orders

Israel disperses Palestinian protest over demolition orders

Israeli security forces fired tear gas to break up a protest near the country's West Bank separation barrier on Thursday over an order for demolitions of Palestinian homes. A small group of Palestinians set up a tent on the outskirts of Beit Sahur on the
Published 12 Jul, 2019 12:00am
Bangladesh charges former chief justice with graft

Bangladesh charges former chief justice with graft

Bangladesh's anti-graft office has charged the former chief justice with corruption nearly two years after he fled the country saying he was forced to resign, an official said Thursday. Surendra Kumar Sinha, who had led the South Asian nation's Supreme Co
Published 12 Jul, 2019 12:00am
US plans Gulf naval escort ops after Iranians menace UK oil tanker

US plans Gulf naval escort ops after Iranians menace UK oil tanker

The Pentagon said Thursday it was discussing military escorts for vessels in the Gulf one day after armed Iranian boats threatened a British oil tanker. The White House's nominee to become chairman of the Joint Chiefs of Staff, General Mark Milley, said W
Published 12 Jul, 2019 12:00am
Brazil cotton farmers sue Bayer over patent on GMO seed
Cotton

Brazil cotton farmers sue Bayer over patent on GMO seed

Brazilian cotton producers in the state of Mato Grosso on Thursday sued Bayer AG, seeking to cancel the chemical company's patent protection for its Bollgard II RR Flex genetically modified cotton seed, according to a statement sent to Reuters. The farmer
Published 12 Jul, 2019 12:00am
Copper prices up on soft dollar but trade war caps gains
Exchange

Copper prices up on soft dollar but trade war caps gains

Copper was supported by a weaker US dollar on Thursday after Federal Reserve Chairman Jerome Powell raised expectations for an easing of monetary policy, although trade war tensions capped gains. Powell said on Wednesday the US economy was under threat fr
Published 12 Jul, 2019 12:00am
Tokyo rubber futures flat
Exchange

Tokyo rubber futures flat

Tokyo Commodity Exchange (TOCOM) futures ended flat on Thursday amid concerns of rising supplies. The benchmark TOCOM rubber contract for December delivery finished unchanged at 177.2 yen ($1.64) per kg. The most-active rubber contract on the Shanghai fut
Published 12 Jul, 2019 12:00am
Malaysian palm oil springs back
Vegetable Oil

Malaysian palm oil springs back

Malaysian palm oil futures gained at the close of trade on Thursday, reversing losses made earlier in the session, as firmer US soyaoil prices lent support. "Expectations for a US Department of Agriculture report tonight may be supportive, as analysts sug
Published 12 Jul, 2019 12:00am
Arabica coffee prices climb as Brazilian real up
Currency

Arabica coffee prices climb as Brazilian real up

Arabica coffee futures on ICE edged higher on Thursday, boosted by a stronger currency in top-grower Brazil, while sugar and cocoa prices slipped. September arabica coffee settled up 1.05 cent, or 1%, at $1.0695 per lb. Prices were lifted by a stronger Br
Published 12 Jul, 2019 12:00am
Gold rises in New York

Gold rises in New York

Gold prices recouped losses to rise more than 1% on Wednesday as the dollar slid after US Federal Reserve Chairman Jerome Powell fanned expectations of an interest rate cut, citing risks to the US economy. Powell said concerns about trade policy and a wea
Published 12 Jul, 2019 12:00am
Gold extends rally in Asia
Exchange

Gold extends rally in Asia

Gold prices rose to a one-week high on Thursday, extending gains from the previous session after US Federal Reserve Chairman Jerome Powell's dovish remarks bolstered expectations of an interest rate cut this month. Spot gold rose 0.3% to $1,422.67 per oun
Published 12 Jul, 2019 12:00am
Gold eases in Europe
Exchange

Gold eases in Europe

Gold prices fell on Thursday, erasing gains made early in the day after stronger-than-expected consumer inflation in the United States cast doubts whether the US central bank will cut interest rates as aggressively as expected. Spot gold dipped 0.3% to $1
Published 12 Jul, 2019 12:00am
US MIDDAY: soyabeans down

US MIDDAY: soyabeans down

US soyabeans edged lower on Thursday, falling from a 10-day high touched earlier, as traders readied for a widely watched US government report that is expected to show the impact of recent adverse weather. Corn gave back nearly all the gains from the prev
Published 12 Jul, 2019 12:00am
US MIDDAY: gold slumps
Exchange

US MIDDAY: gold slumps

Gold prices slumped 1% on Thursday, erasing gains posted earlier in the session after stronger-than-expected consumer inflation in the United States cast doubts whether the US central bank will cut interest rates as aggressively as expected. Spot gold she
Published 12 Jul, 2019 12:00am
Chinese keen to invest $1 billion in various sectors

Chinese keen to invest $1 billion in various sectors

A 50-member Chinese investment delegation Thursday expressed the desire to invest $1 billion in initial phase in various sectors, including automotives, textiles, agriculture related industries, and IT and telecom industries under the China-Pakistan Econo
Published 12 Jul, 2019 12:00am
Pak missions abroad barred from issuing visas to DPRK nationals

Pak missions abroad barred from issuing visas to DPRK nationals

The federal government is said to have barred Pakistan missions abroad from issuing visas to nationals of North Korea, well-informed sources told Business Recorder. According to Ministry of Foreign Affairs, recently the US embassy in Islamabad expr
Published 12 Jul, 2019 12:00am
PM's US visit to boost bilateral ties: Firdous

PM's US visit to boost bilateral ties: Firdous

Special Assistant to Prime Minister on Information and Broadcasting, Dr Firdous Ashiq Awan Thursday said that Prime Minister Imran Khan's visit to the United States is an acknowledgment of improved international standing of the country due to the visionar
Published 12 Jul, 2019 12:00am
Barrister Ali Zafar joins PTI

Barrister Ali Zafar joins PTI

Noted lawyer Barrister Ali Zafar on Thursday joined Pakistan Tehreek-e-Insaf (PTI). He made this announcement during his meeting with Prime Minister Imran Khan whom he called on here, a statement released by the PM Office said.
Published 12 Jul, 2019 12:00am
Fake ccounts case: AC allows Faryal Talpur's transit remand till July 20

Fake ccounts case: AC allows Faryal Talpur's transit remand till July 20

The Accountability Court hearing multibillion rupees fake bank accounts case on Thursday allowed transit remand of Faryal Talpur, sister of former president Asif Ali Zardari, till July 20. Investigation Officer Muhammad Ali Abro informed Accountability Co
Published 12 Jul, 2019 12:00am
Country with 2.4 percent population growth unsustainable: Dr Zafar

Country with 2.4 percent population growth unsustainable: Dr Zafar

The high level of population growth i.e. 2.4 percent in Pakistan is unsustainable and has already eaten into the modest gains made in terms of socio-economic development, said Special Assistant to Prime Minister on Health Dr Zafar Mirza. Addressing a nati
Published 12 Jul, 2019 12:00am
Senate body's meeting on devolution adjourned

Senate body's meeting on devolution adjourned

A meeting of the Senate's Functional Committee on Devolution was adjourned on Thursday due to absence of minister and secretary for Ministry for Inter-Provincial Coordination and secretary Ministry of Overseas Pakistanis and Human Resource Development. Th
Published 12 Jul, 2019 12:00am
MYC to launch movement for making Pakistan a welfare state

MYC to launch movement for making Pakistan a welfare state

The Milli Yakjehti Council, a conglomeration of about a dozen religious organizations, has decided to launch a movement for converting Pakistan into a model state on the pattern of the State of Madina in line with the election promise of the PTI. The deci
Published 12 Jul, 2019 12:00am
Dr Yasmeen vows to improve hospitals' condition

Dr Yasmeen vows to improve hospitals' condition

Provincial Minister Health Dr Yasmeen Rashid has said that the government was determined to improving condition of government hospitals and converting them into places which provide quality healthcare facilities. No compromise will be made on provision of
Published 12 Jul, 2019 12:00am
Over 60 percent dues of media houses cleared: minister

Over 60 percent dues of media houses cleared: minister

Provincial Information Minister Syed Sumsam Ali Bukhari has said that Shahbaz Sharif squandered away millions of rupees on his personal publicity. While distributing financial aid cheques among the deserving journalists at a ceremony held at Lahore Press
Published 12 Jul, 2019 12:00am
Train accident: PML-N seeks Rashid's resignation

Train accident: PML-N seeks Rashid's resignation

Expressing sorrow and grief over loss of precious lives in collision between a passenger and freight trains near Sadiqabad, Pakistan Muslim League-Nawaz (PML-N) has called for resignation of Railway Minister Sheikh Rashid Ahmed. PML-N leader Ahsan Iqbal s
Published 12 Jul, 2019 12:00am
Revenue officers directed to report benami properties

Revenue officers directed to report benami properties

Punjab Minister for Law, Parliamentary Affairs and Local Government Raja Basharat has directed the Revenue officers to identify and report the Benami properties within their jurisdiction across the province particularly pressing the concerned Patwaris har
Published 12 Jul, 2019 12:00am
FBR institutes cases against owners of 50 benami properties

FBR institutes cases against owners of 50 benami properties

The Benami Transactions (Prohibition) Zones of Federal Board of Revenue (FBR) have so far made 50 cases against the owners of benami properties and sent notices for holding Benami assets/income across the country. Sources told Business Recorder her
Published 12 Jul, 2019 12:00am
PAD advisory to cotton growers
Cotton

PAD advisory to cotton growers

The Punjab Agriculture Department (PAD) has advised the cotton growers to pay heed to their crop especially because the recent rains as it may help weeds grow in the fields. Weeds not only share the food of the crops but also prove shelters for different
Published 12 Jul, 2019 12:00am
Quddus Sheikh's death condoled

Quddus Sheikh's death condoled

The Chairman of Amreli Steels and Vice Chairman of Pakistan Association of Large Steel Producers (PALSP), Abbas Akberali expressed deep sadness on the passing away of Deputy Collector Customs Quetta, Abdul Quddus Sheikh. Sheikh was critically injured by a
Published 12 Jul, 2019 12:00am
Murad signs MoU with Khorasan governor on trade, agri research
Exchange

Murad signs MoU with Khorasan governor on trade, agri research

Sindh Chief Minister Syed Murad Ali Shah during his two-day visit to Iran signed an MoU with Governor General of Khorasan Razavi to expand bilateral trade, exchange tourist and cultural delegates and develop agro-industrial and engineering research jointl
Published 12 Jul, 2019 12:00am
Robbers in police uniform loot house

Robbers in police uniform loot house

Four robbers on Wednesday night robbed a residence in Dastagir area of the metropolis as they approached the house dressed in police uniforms. The woman, among the impostors, knocked the main door and told the family that they had to search the house.
Published 12 Jul, 2019 12:00am
Murtaza grieved over train accident

Murtaza grieved over train accident

The Advisor to CM on Information, Law & Anti-Corruption, Barrister Murtaza Wahab has expressed his grief and sorrow over Rahimyar Khan train accident. Murtaza Wahab has said that the Sindh government is facilitating the victims of the incident, adding tha
Published 12 Jul, 2019 12:00am
Train mishap: Bilawal urges Rashid to step down

Train mishap: Bilawal urges Rashid to step down

Pakistan People's Party (PPP) Chairman Bilawal Bhutto-Zardari has expressed his profound grief over loss of lives in Sadiqabad Train accident. The PPP Chairman said that he has been gripped with deep pain and anguish after he came to know about the traged
Published 12 Jul, 2019 12:00am
KE restores power supply of KMC head office

KE restores power supply of KMC head office

Following directives of the Supreme Court (SC), K-Electric on Thursday restored electricity supply to Karachi Metropolitan Corporation's (KMC) Head Office.
Published 12 Jul, 2019 12:00am
Saarc has potential to transform South Asia: PBIF

Saarc has potential to transform South Asia: PBIF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that SAARC has the potential to transform South Asia, therefore, mutual mistrust and non-cooperation should not be allowed to undermine its potential.
Published 12 Jul, 2019 12:00am
Implications of Finance Act 2019 discussed at KTBA seminar

Implications of Finance Act 2019 discussed at KTBA seminar

The government, through Finance Act 2019, has reduced the rate of tax credit to 5 percent from 10 percent for investment in purchase of plant & machinery for extension, expansion, balancing, modernizing & replacement for Tax Year 2019. This was stated by
Published 12 Jul, 2019 12:00am
Bike-lifter gang busted

Bike-lifter gang busted

The police on Thursday busted a bike lifting 'Bacha gang' in Karachi and arrested its three members in Azizabad, an area of Karachi. As per details, three members of the gang were held in a successful action carried out by Azizabad police and seven snatch
Published 12 Jul, 2019 12:00am
PDP voices concern over rising poverty

PDP voices concern over rising poverty

Pasban Democratic Party (PDP) chairman Altaf Shakoor has expressed concern that basic kitchen commodities are getting out of reach for millions of poor families, raising poverty and hunger in Pakistan to new alarming levels.
Published 12 Jul, 2019 12:00am
SCB Pakistan launches 'Sustainability Review 2018'

SCB Pakistan launches 'Sustainability Review 2018'

Standard Chartered Bank (SCB) Pakistan launches its annual Sustainability Review, setting out how it has delivered on its strategy to provide a strong return for shareholders, while creating social and economic value in the communities where it operates.
Published 12 Jul, 2019 12:00am
SBP appoints 11 primary dealers

SBP appoints 11 primary dealers

The State Bank of Pakistan (SBP) has appointed 11 primary dealers for financial year 2019-20. The State Bank received 11 applications for the appointment of Primary Dealers of government securities, ie, Pakistan Investment Bond (PIB) and Market Treasury B
Published 12 Jul, 2019 12:00am
Byco wins 16th Annual Environment Excellence Award 2019

Byco wins 16th Annual Environment Excellence Award 2019

Byco Petroleum Pakistan Limited has won the Environment Excellence Award at the 16th Annual Environment Excellence Awards held at a local hotel in Karachi. The Chief Guest at the occasion was Chief Secretary Sindh Mumtaz Ali Shah, he presented the Environ
Published 12 Jul, 2019 12:00am
MTTP president rejects government's tax policies

MTTP president rejects government's tax policies

President of Markazi Tanzeem Tajiran Pakistan (MTTP), Kashif Chaudhry has rejecting tax policies and announced a country-wide shutter down token strike on July 13. Addressing press conference at Karachi Press Club, he urged traders to make this strike suc
Published 12 Jul, 2019 12:00am
CM grieved over loss of lives in train, road accidents

CM grieved over loss of lives in train, road accidents

Punjab Chief Minister Sardar Usman Buzdar on Thursday expressed a deep sense of sorrow and grief over the loss of precious human lives in train accident near Rahim Yar Khan and directed the district administration to provide best healthcare facilities to
Published 12 Jul, 2019 12:00am
Newsmen urged to keep abreast of modern technology

Newsmen urged to keep abreast of modern technology

An interactive brainstorming session to assess the modern training needs of today's journalists was conducted by the Corporate Relations and Communications Department (CRCD) in collaboration with the Centre for Excellence in Journalism at the Institute of
Published 12 Jul, 2019 12:00am
Karachi has become a governance nightmare: Nisar

Karachi has become a governance nightmare: Nisar

Former Federal Minister and Senator Nisar A Memon on Thursday said that Karachi has become a governance nightmare, arguing neither the city government nor the provincial government are willing to take ownership of the metropolis.
Published 12 Jul, 2019 12:00am
Rice exports reach $2.07bn mark in FY19
Exchange

Rice exports reach $2.07bn mark in FY19

Rice exports from Pakistan maintained upward momentum and touched all time high level of $2.07 billion mark in the last fiscal year (FY19). According to rice export statistics, in term of quantity, Pakistan exported total 4.097 million metric tons of rice
Published 12 Jul, 2019 12:00am
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