Monday 3 October 2016

Dunya TV

Dunya TV

Pound slides on Brexit talk; profit-taking hits US stocks

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NEW YORK (AFP) - The British pound slumped to a three-year low against the euro Monday after Prime Minister Theresa May said Brexit negotiations would begin by March.But Asian and European markets pushed higher helped by easing fears over Deutsche Banks travails, after Fridays late report that the German giant could settle its US toxic mortgage securities litigation problems for around $5.4 billion, instead of the $14 billion originally reported.US stocks, which had already counted in the Deutsche Bank news Friday, fell in profit-taking Monday.But tech titans Twitter and Netflix both surged more than four percent on takeover speculation. Disney has been mentioned as a possible acquirer for both companies, along with possibly Google and Salesforce in Twitters case.Sterling dropped to 87.46 pence against the euro, the lowest level since August 2013, after May gave more details Sunday about how Britain would exit the European Union.The pound also slid as low of as $1.2820 -- before recovering against both the dollar and euro.While the latest dip in sterling has partly reflected concerns over the prospect of a hard Brexit, the currencys depreciation should continue to cushion the economic impact of the vote to leave the EU, Capital Economics Jonathan Loynes said in an investors note.Yet better-than-expected British manufacturing data, in part due to the pounds weakness, helped lift Londons benchmark FTSE 100 stocks index by 1.2 percent.In a key indicator of the strength of the manufacturing sector, the Markit/CIPS UK manufacturing PMI (purchasing managers index) rose to its highest level since mid-2014, according to figures Monday.It is... apparent that sterlings marked weakening is giving an important lift to foreign demand for UK manufactured goods, said Howard Archer, chief European economist at IHS Global Insight. Before Sunday, May had only said that Britain would not trigger Article 50 of the EUs Lisbon Treaty -- which sets a two-year clock ticking until a countrys departure from the 28-member bloc -- before the end of this year.But putting a March date on the kickoff still leaves a huge number of details about the process and end result overhanging.Whilst markets welcome the update (from May), there is still a great degree of uncertainty surrounding what Brexit negotiations will involve, said Ana Thaker, a market economist at PhillipCapital UK.Among other markets, the Colombian peso fell to its lowest level since September 16 after voters rejected a peace deal between the government and communist FARC rebels.Oil prices continued to climb following last weeks tentative decision by OPEC to cut production when the group meets in November. US benchmark West Texas Intermediate for November delivery gained 57 cents to $48.81 a barrel.

Karachi: 3 killed after falling into chemical tank of factory

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KARACHI (Dunya News) - According to details, the labourers were working at the roof of the chemical tank of a textile factory in Ports Qasim area of Karachi on Monday when it suddenly collapsed as a result five labourers fell into it, Dunya News reported.Rescue teams reached the spot and recued two labourers, Hassan and Saif-ur-Rehman, from the tank in critical condition and shifted them to Jinnah Hospital while three labourers died due to suffocation.The dead labourers were identified as Raheel, Amir and Ijaz. Rescue teams are still struggling to recover the bodies of labourers from the chemical tank.

Serious diplomacy needed to resolve Kashmir dispute: Abdul Basit

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NEW DELHI (Dunya News) - Pakistan’s High Commissioner in India, Abdul Basit, in an interview with an India newspaper said that Jammu and Kashmir continues to be the core dispute between Pakistan and India and Pakistan strongly believe that this dispute can only be resolved through serious and sustained diplomacy. Answering a question, he said that attacks in Uri and Baramulla clearly tell that Jammu and Kashmir dispute needs to be resolved in accordance with the aspirations of people of the Valley.While replying a question regarding India claims of surgical strike, Abdul Basit said that Pakistan haven’t seen any activity on September 29, other than usual cross-LoC firing by Indian forces.Abdul Basit further said that it is important to avoid drawing wrong conclusions and raising false expectations, because it is not in our mutual interest.He further said that both Pakistan and India need to give diplomacy centre-stage and rather than talking at each other, it is important to talk to each other and that appears the best possible way forward.

PM Nawaz to chair NSC meeting today

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ISLAMABAD (Dunya News) - Prime Minister Nawaz Sharif will chair the meeting of the National Security Committee (NSC) in Islamabad today (Tuesday) to review the prevailing situation in the Indian-held Kashmir as well as on the Line of Control (LoC), Dunya News reported. The chiefs of the three armed forces, chairman joint chiefs of staff committee, chief ministers of all four provinces and federal minister for interior, finance, defense and advisor on foreign affairs will attend the meeting.The military leadership will brief the meeting about the current situation on the LoC and measures taken to respond the Indian aggression.National Security Advisor, Nasir Janjua, will present a reports on the current situation on the LoC during the meeting.

US urges Pakistan, India to demonstrate calm and restraint

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WASHINGTON (Dunya News) - Briefing the newsmen in Washington on Monday, Director, Press Operations at US Department of State, Elizabeth Trudeau while expressing concern over tense situation on Line of Control has urged Pakistan and India to demonstrate calm and restraint.Elizabeth Trudeau said that she won’t comments on Indian claim of surgical strike inside Pakistan territories and added that we’re not going to speak to specific reports of incidents along the border.She said that the militaries of both Pakistan and India are in touch and we believe that that continued communication is vital to reduce these tensions.Elizabeth Trudeau said that US is in favor of any reduction of tensions that both sides agree to in this particular instance and added that we have strong ties with both Pakistan and India, and we’ll engage on that basis.Answering a question, Elizabeth Trudeau said that our position on Kashmir has not changed and added that the US is having conversations with both Pakistan and India on the importance of reducing the tensions in the region.

Sartaj in Brussels to attend strategic dialogue, Afghanistan Conference

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BRUSSELS (Dunya News) - Adviser to the Prime Minister on Foreign Affairs, Sartaj Aziz reached Brussels on Monday to participate in Pakistan, European Union strategic dialogue to be held today (Tuesday), Dunya News reported.Sartaj Aziz will also attend Afghanistan Conference organized by EU. The Afghanistan Conference is scheduled to be held on October 4 and 5. He will brief the participants of the conference about Pakistan’s stance on the issue.

Money laundering case: Scotland Yard charges against MQM chief legitimate

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LONDON (Dunya News) - British Crown Prosecution Service (CPS) has declared all evidences provided by Scotland Yard in regard to money laundering case against Muttahida Qaumi Movement (MQM) chief and others as satisfactory and legitimate and said that their case be tried in the court.The Scotland Yard had sent the evidences in money laundering case against MQM chief and other persons including Muhammad Anwar, Tariq Mir and Sarfaraz Merchant to the Crown Prosecution Service to sought legal help.Sources said that case against these individuals will be brought to the court for trial in the next few days. Sources further said that MQM chief, Muhammad Anwar, Tariq Mir and Sarfaraz Merchant are now bound to serve their defence in the case by Oct 26.

Azhar sees positive Pakistan progress

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SHARJAH (AFP) - Skipper Azhar Ali Monday said his team was heading in the right direction after a one-day series win over the West Indies which will lift their rankings and chances for a direct entry in the World Cup 2019. Pakistan took an unbeatable 2-0 lead in the three-match series with another thumping 59-run win in Sharjah on Sunday. They won the first game by 111 runs at the same venue on Friday. Pakistan, who play the last match in Abu Dhabi on Wednesday, need to beat the West Indies 3-0 to rise one place to eighth, displacing their opponents (currently eighth) to ninth. Hosts England and the top seven teams in one-day rankings on the cut off date of September 30 next year will automatically qualify for the 2019 World Cup. The two remaining teams will join eight Associates to feature in the qualifying round in 2018. Ali said the series win put Pakistan in the right direction of rebuilding. It takes time to improve things. You need patience to lift a team. We started the rebuilding process after the 2015 World Cup and it takes one-and-a-half to two years so we are going towards that, said Ali. Ali replaced Misbah-ul-Haq who along with allrounder Shahid Afridi retired after the World Cup last year. But Pakistan were whitewashed 3-0 in Bangladesh last year in Alis first series as captain and lost 4-1 to England earlier this month. That raised calls for his sacking but Ali felt changes halted the teams progress. No matter how many captains you change if you want to rebuild the team it takes one-and-a-half to two years. Our nation doesnt have the patience, they want to win instantly. If you dont win they get frustrated and want change. As a nation we have to take responsibility. Its easy to look at things in hindsight and call for changes, said Ali. Ali said his team was getting right combinations. We are getting allrounders who have brought depth in batting and we are scoring 300 plus, said Ali whose team posted a big 337-5 in 50 overs on Sunday. We are executing plans in bowling which is good, energy levels are high and with wins you lift your confidence. We have played well in the last five to seven matches, said Ali of Pakistans three one-day and four Twenty20 wins this month. Dismissed for a first-ball duck and nine in the two matches against West Indies, Ali hopes he strikes form sooner than later. My series against England was better and I scored runs there. I am playing well in the nets so it will take one innings to come in form because my confidence level is high.

Durham relegated over financial woes

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LONDON (AFP) - Durham have been relegated from the County Championship First Division due to financial problems and Hampshire have been allowed to reclaim their top-flight place.Durhams sanction was agreed with the England and Wales Cricket Board on Monday as a condition of 3.8 million pound ($4.8 million, 4.3 million euros) financial support from the governing body.The north-east based county will begin next season in the Second Division with an additional 48-point penalty.Hampshire had been relegated from the First Division after a dismal season, but they can now look forward to another top-flight campaign.Durham have also lost the right to be able to apply to host Test matches at the Emirates Riverside.Limited-overs internationals, including a Twenty20 next year, can still take place in Durham.England legend Ian Botham, who finished his county career with Durham, revealed he is willing to help his old team get back on a firm financial footing.Things had to change, he told Sky Sports.Its very, very early. But yes, Ill be willing to throw my hat into the ring to help and well see what happens.Thats to be decided. Thats what the discussions will be about.Its in its infancy, so well just wait and see. But Im very pleased to be involved. The north east is where I live, and the north east deserves to have a first-class cricket team.It was first revealed last week that Durham may face relegation as they and the ECB seek a solution to the clubs financial difficulties.An ECB statement on Monday confirmed relegation and a series of further measures.They include the return of all prize money, the imposition of a revised salary cap up to April 2020 - reviewed annually by the governing body - and respective four and two-point penalties in next years Twenty20 Blast and One-Day Cup.A Durham County Cricket Club spokesperson said: The Durham County Cricket Club Board welcomes the ECBs long-term commitment to safeguarding First Class Cricket in the north-east.

India may miss Champions Trophy: BCCI chief

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KOLKATA (AFP) - Indian cricket boss Anurag Thakur warned Monday that a key reform demanded by the countrys highest court may force India to miss next years Champions Trophy in England and Wales.The Board of Control for Cricket in India (BCCI) opposes a recommendation that would prevent cricket from being played up to 15 days after the cash-rich Indian Premier League finishes.The eight-team Champions Trophy begins on June 1, likely to be just days after the glitzy IPL final which is usually held in the last week of May.The 15-day window has been proposed to avoid player burnout, but the BCCI says the break will result in huge financial losses and difficulties in rescheduling a packed cricket calendar.I dont know whether India will be able to play Champions Trophy in England next year or not, Thakur told reporters in Kolkata during the second Test against New Zealand.As per the recommendations you have to give a 15-day window before and after IPL. There is Australia series before IPL and Champions Trophy after it.So BCCI has to take a call whether they will play IPL or Champions Trophy, Thakur added.Indias Supreme Court has ordered the BCCI to implement sweeping organisational reforms proposed by a panel headed by former chief justice Rajendra Mal Lodha.The BCCI -- one of the most powerful bodies in world sport -- rejected some of the reforms, including the 15-day window, at a special general meeting in Mumbai last week.The Supreme Court has accused the BCCI of behaving like lords and told them to fall in line.Thakur insisted reforms were being made after the IPL was dogged by match-fixing and corruption scandals, but warned of the financial impact.He said the BCCI would file a report to the Supreme Court for its next hearing due on October 6.He also dismissed any chance of a first bilateral series with Pakistan since 2012 and said the body was open to the use of the much-debated Decision Review System (DRS) in the future.Forget about playing Pakistan, first lets see whether we are able to play Champions Trophy or not. The chance of playing Pakistan only arises if we participate in Champions Trophy, said Thakur.DRS, which includes the Hawk-Eye ball-tracking technology, is optional for Test matches and only used if both sides agree to it. India is the only side that refuses to use the technology, designed to help umpires make the right call. Thakur said only when the system can be proved to be 100 percent foolproof would the BCCI reassess its stance.If that is satisfactory then BCCI is open to use DRS, he explained.

Injured Dhawan to miss India's third Test

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KOLKATA (AFP) - Indias Shikhar Dhawan was Monday ruled out of the third and final Test against New Zealand with a broken thumb after the hosts took an unassailable 2-0 lead in the series in Kolkata.The 30-year-old left-handed opener suffered a nasty hit on his left thumb off a Trent Boult bouncer during Indias second innings on Sunday.Dhawan scored 17 after being trapped lbw off Boult and did not take the field during New Zealands run chase at Kolkatas Eden Gardens.Shikhar has suffered a very minor fracture on his hand (thumb). He has been under observation and advised a 15-day rest. So he is ruled out of the third match, the Indian teams management announced.Dhawan has scored 1,464 runs from 23 Tests at an average of 38.52.Indias selection committee named batsman Karun Nair, who has played just two one-day internationals for the national team, as Dhawans replacement. Indias emphatic 178-run win against New Zealand helped the hosts reclaim their top spot in the International Cricket Council (ICC) rankings.The two teams will now head to Indore for the final Test starting October 8.

India reclaims top Test spot after NZ-series win

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KOLKATA (AFP) - Indias bowlers propelled the hosts to a comprehensive 178-run win over New Zealand in the second Test Monday, to clinch the series and reclaim the top spot in the world rankings.Chasing 376 runs for victory, New Zealand were bowled out for 197 in the final session on the fourth day in Kolkata, with Indias Mohammed Shami, Ravichandran Ashwin and Ravindra Jadeja taking three wickets each.Shami claimed the final wicket of Trent Boult, sparking celebrations in the Indian team who take an unassailable 2-0 lead in the three-match series, after winning the first Test in Kanpur.The victory also sees India jump back to the top of the International Cricket Council (ICC) Test rankings after starting the series just one point behind archrivals Pakistan.Shami and Bhuvneshwar Kumar, who took five scalps in the first innings, shared 12 wickets between them on a two-paced track at Eden Gardens that offered the seam bowlers of both sides great help.India skipper Virat Kohli paid tribute to his bowlers, but also praised wicketkeeper and batsman Wriddhiman Saha, named man of the match for his unbeaten half-centuries in both innings against New Zealands aggressive seamers.Saha was brilliant, hes the best keeper in the country, hes doing a great job in Test cricket, Kohli said.That hundred in the West Indies really improved his confidence, he understands how to bat with the tail now, he said of Sahas recent performance in the Caribbean.Spinners also played a key role in Indias victory, with Ashwin breaking New Zealands opening stand just after lunch, trapping Martin Guptill lbw for 24. Tom Latham scored a gritty 74 before also falling to Ashwin soon after the tea break.Ashwin got Latham on a well-crafted off-spinner that pitched and spun away from the left-hander, who was caught behind.Lathams 49-run second-wicket partnership with Henry Nicholls had raised the visitors hopes of batting the day out, but Ashwins partner Jadeja soon joined forces.Jadeja claimed Nichollss wicket after his angled delivery got the edge of the New Zealanders bat for an easy catch at slips.Shami got some reverse swing towards the end of the day to rattle New Zealands middle-order with the wickets of Mitchell Santner and BJ Watling.Earlier India, who resumed the day on 227 for eight in their second innings, were bowled out for 263, with Saha scoring an unbeaten 58.The contributions of Saha, who scored an unbeaten 54 in the first innings, proved vital to India putting up decent totals.New Zealand pacers Boult, Matt Henry and Neil Wagner, who shared 14 wickets between them in the two innings, also enjoyed the seaming conditions.Very impressive, the way the bowlers got stuck in hot, humid conditions. We put India under pressure, but credit to them for withstanding it, said stand-in-skipper Ross Taylor.Indias pace duo of Shami and Kumar helped bowl out New Zealand for 204 in response to Indias 316 in the first innings.India secured a 112-run lead in the first innings that proved vital in outplaying the visitors, who lost regular skipper Kane Williamson to a viral infection just before the start of the match.Rohit Sharmas dominant 82 on Sunday gave India the upper hand in its 250th Test at home.I guess anytime you have a 112-run deficit, youre always under pressure. We got some early wickets, but the partnership between Saha and Rohit took it away from us, said Taylor.Half-centuries from Cheteshwar Pujara (87) and Ajinkya Rahane (77) in the first innings also ensured India made a solid start.The final Test will be played in Indore starting on October 8.

Roadmap for Kashmir Freedom should be worked out: Siraj ul Haq

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ISLAMABAD (Dunya News) – While talking to media after the meeting of parliamentary leaders, Siraj ul Haq was of the opinion that the meeting of parliamentary parties was really crucial, reported Dunya News.He added that all the parties have the same stance over Kashmir issue and the onus of responsibility now lie upon the government as to how they act in this regard.Jamaat-e-Islami leader commented that merely passing the resolutions was of no use and practical approach should be followed on government’s behalf.Siraj told that that had played their role and now the ball is in government’s court as to whether they act accordingly or not.“Kashmiri youth have ignited the freedom struggle and a strong message will go out for Kashmir issue through this parliamentary meeting,” said Siraj ul Haq.

Unity against Indian aggression unshakeable: Dr Farooq Sattar

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ISLAMABAD (Dunya News) – Chief of Muttahida Qaumi Movement Pakistan, Dr Farooq Sattar on Monday has said that unity among political parties is unshakeable against Indian aggression.While talking to the media after meeting of leaders of all parliamentary parties ended, Dr Sattar said that the conference strongly criticised Indian atrocities in Kashmir and firing across Line of Control.Dr Sattar lucidly said that the entire nation was united against Indian over Kashmir dispute. If India needed to test the Pakistani nation, it should remember that defeat was going to become its fate.Besides felicitating the fact that political parties came together and expressed unity despite their differences, Dr Sattar stressed that there was a need to maintain law and order and ensure peace in the country.Referring to threats over Indus Water Treaty, he said that India has started water-terror. Dr Sattar mentioned a need to better diplomatic efforts.

DG Rangers visits forward posts at Shakargarh Sector

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SHAKARGARH (Dunya News) – Director General of Pakistan Rangers (Punjab) Major General Umar Farooq Burki went to see the forward posts along Line of Control (LoC) at Shakargarh Sector, reported Dunya News.Upon his arrival, the DG Rangers was received by Sector Commander Brigadier Amjad Hussain.During his visit, Maj-Gen Burki was briefed on operational, security and training aspects. He also met soldiers that were deployed on forward posts and expressed his complete satisfaction over their firm determination and high courage.At the occasion,Umar Farooq Burkiexpressed that Punjab Rangers would work hard for the safe, prosperous and peaceful Pakistan.
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