01222017Sun
Last update: Sun, 22 Jan 2017 07pm

Top Stories

Archive: 

Tens of thousands of protestors braved icy weather and slippery roads for a rally in Seoul Saturday, demanding impeached President Park Geun-Hye's removal and the Samsung heir's arrest for corruption. Park was impeached by parliament last month over an influence-peddling scandal and the Constitutional Court now has to confirm the impeachment.
Rescuers pulled four more survivors from the ruins of an avalanche-hit Italian hotel on Saturday as hopes faded of finding 23 people still missing three days after the disaster struck. Saturday's rescues lifted the total number of survivors to 11. But with no new signs of life detected, any trapped survivors were facing a fourth night under snow-covered rubble in the freezing mountains of central Italy.
Donald Trump took power as the 45th president of the United States on Friday and pledged to end the "American carnage" of social and economic woes in an inaugural address that was a populist and nationalist rallying cry. Sketching a bleak vision of a country he said was ravaged by rusted-out factories, crime, gangs and drugs, Trump indirectly blamed his predecessors in the White House for policies that helped Washington at the expense of struggling families.
Country's soaring stock exchange will introduce derivatives trading from the middle of 2017, the bourse's managing director said, announcing the move weeks after a Chinese-led consortium took a strategic stake. Nadeem Naqvi, managing director of Pakistan Stock Exchange told Reuters the introduction of derivatives, as well as plans for listing of infrastructure bonds, were part of efforts to boost liquidity in the market and lure foreign investors.
Federal Finance Minister Senator Ishaq Dar Friday announced that the government would present the Companies Ordinance 2016 in the joint session of the parliament for its approval. He also announced that the government will introduce CPEC Infrastructure Development Fund through bonds that would be listed and traded through Pakistan Stock Exchange.
Joint Co-ordination Committee (JCC) has agreed, in principle, to include Keti Bunder Sea Port Development project as well as Naukuridi-Mashkhel-Panjgur road project (which would connect with M-8 & N-85) in the China Pakistan Economic Corridor portfolio.
The Supreme Court on Friday observed that the question of fact whether the Sharif family owned Mayfair properties in London before 2006 was yet to be established. Appearing before a five-member larger bench led by Justice Asif Saeed Khan Khosa in the Panamagate case, Jamaat-e-Islami (JI) counsel Taufeeq Asif commenced arguments. He sought disqualification of Prime Minster Nawaz Sharif on grounds that he hid the Mayfair properties' ownership while delivering a speech on the floor of the National Assembly.