The dollar rose on Wednesday and trade-exposed currencies fell after the United States president threatened a trade war escalation and China condemned a US senate measure backing pro-democracy protesters in Hong Kong. China’s yuan slipped to a new two-week low in overnight trading after US President Donald Trump threatened to raise new tariffs on Chinese imports if ongoing trade negotiations …

ISLAMABAD: Pakistan’s textile and clothing exports grew by over four per cent year-on-year during the first four months of 2019-20, showed data released by the Pakistan Bureau of Statistics on Tuesday. The modest increase in export proceeds and the decline in import of oil and food products helped the government achieve a current account surplus in October after a gap …

NEW YORK: Oil prices tumbled Tuesday as lingering questions over the US-China trade talks weighed on sentiment on a mixed day for global equity markets. Both US benchmark West Texas Intermediate and London´s Brent oil fell sharply on signs Beijing and Washington may be drifting further apart again. Worries about the trade war have weighed on the global growth outlook, …

LONDON: Former prime minister Nawaz Sharif arrived in London  on Tuesday in an air ambulance to seek better medical treatment for his  disease. The air ambulance, equipped with an intensive care unit and an operation theatre, reached UK in the evening after a stopover in Doha, Qatar. Later, Nawaz was taken to Avenfield House in the Park Lane area of the …

KARACHI: Hussain Nawaz, the son of former prime minister Nawaz Sharif, on Tuesday   demanded a probe to establish whether  his ailing father was subjected to slow poisoning. Speaking to the media, he said he had expressed the concern about slow poisoning after a drop in platelets count of his father. “I do not want to discuss politics because my father’s …

ISLAMABAD: The Prime Minister’s Special Assistant on Media Affairs, Yousaf Baig Mirza, has resigned from his position, Geo News reported on Wednesday. The former Managing Director of Pakistan Television (PTV) was appointed on the position on December 11, 2018. Sources said that Yousaf Baig Mirza tendered his resignation due to some personal reasons.

ISLAMABAD: The prime minister should remember that he himself allowed ‘someone’ to go abroad, said Chief Justice Khosa on Wednesday. A day ago, the prime minister had said in an indirect reference to Nawaz’s travel to London that there are separate laws for the weak and powerful in the country, requesting Justice Khosa to deliver prompt justice. “The case about …

Pakistan Army Chief General Qamar Bajwa met Iranian President Hassan Rouhani during an official visit to Tehran, the military spokesperson said Tuesday. According to the director-general of the Inter-Services Public Relations (ISPR), Major General Asif Ghafoor, the Army chief discussed “regional security environment and matters of mutual interest” with the Iranian president. DG ISPR ✔@OfficialDGISPR COAS called on President of …

ISLAMABAD: The Pakistan Tele­communication Authority (PTA) has clarified that it forwards requests for suspension of Facebook accounts based on the latter’s community standards. The PTA said in a statement on Tuesday that it made requests to suspend accounts related to blasphemy, pornography, impersonation and indecent, defamatory and anti-state content. “These efforts are (aimed) to protect social media and internet users …

ISLAMABAD: The long-awaited reference against former prime minister Shahid Khaqan Abbasi in the LNG terminal case has been approved and will be filed in a fortnight, the country’s anti-graft body inform­ed a court on Tuesday. However, while talking to Dawn, Mr Abbasi claimed that the LNG terminal was the most economical of such projects in Asia and that the Pakistan Tehreek-i-Insaf …