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Latest News

Assets beyond means case: Khawaja Asif sent to jail on judicial remand
Pakistan

Assets beyond means case: Khawaja Asif sent to jail on judicial remand

  • The case was heard by the accountability court’s judge Jawadul Hassan, where accused was produced before the court in strict security.
  • During the proceedings, the National Accountability Bureau (NAB)’s legal representative sought physical remand of Pakistan Muslim League Nawaz (PML-N) leader.
Updated 22 Jan, 2021 06:05pm
Alphabet closes down internet balloon network project 'Loon'
Technology

Alphabet closes down internet balloon network project 'Loon'

  • Loon was deployed to provide internet in Puerto Rico after Hurricane Maria in 2017, as well as after a major earthquake in Peru.
  • Operations will be wound down in "the coming months", with the hope that Loon employees will be redeployed at Alphabet, the firm said.
Published 22 Jan, 2021 05:26pm
Top Iran leader posts Trump-like golfer image, vows revenge
World

Top Iran leader posts Trump-like golfer image, vows revenge

  • The Twitter account of Iran’s Supreme Leader on Friday carried the image of a golfer resembling former President Donald Trump apparently being targeted by a drone, vowing revenge over the killing of a top Iranian general in a U.S. drone attack.
  • The post carried the text of remarks by Ayatollah Ali Khamenei in December, in which he said “Revenge is certain”.
Published 22 Jan, 2021 05:14pm
Zidane tests positive for COVID-19
Sports

Zidane tests positive for COVID-19

  • The former French international will now enter a period of self-isolation.
  • “Real Madrid CF announces that our coach Zinedine Zidane has tested positive for Covid-19,” says the club.
Updated 22 Jan, 2021 05:27pm
Sadiq Sanjrani backs Senate polls through open ballot
Pakistan

Sadiq Sanjrani backs Senate polls through open ballot

  • In his reply submitted in the apex court, the chairman said that Senate polls are held through secret ballot as per the Election Act 2017.
  • “The Parliament has the prerogative to make amendments in the law, while the Supreme Court has right to interpret the constitution,” he wrote.
Updated 22 Jan, 2021 05:43pm
State Bank MPC maintains policy rate unchanged at 7pc
Business & Finance

State Bank MPC maintains policy rate unchanged at 7pc

  • There could be some changes in the projection due to change in electricity rates, and international oil prices but it will be temporary, said Baqir.
  • “It is very important that at present the monetary policy should convey a message of stability,” the SBP Chief said.
  • The yearly inflation rate is projected to remain at 7-9pc as previously announced.
Updated 22 Jan, 2021 05:23pm
Pakistan condemns twin suicide blasts in Baghdad
Pakistan

Pakistan condemns twin suicide blasts in Baghdad

  • The twin suicide blasts in Baghdad killed at least 32 people and wounded more than 100.
  • "Pakistan condemns terrorism in all its forms and manifestations and stands in solidarity with the brotherly government and people of Iraq in their fight against terrorism," FO said.
Published 22 Jan, 2021 04:14pm
Hamza Shahbaz withdraws bail plea in SC
Pakistan

Hamza Shahbaz withdraws bail plea in SC

  • The judge questioned the legal representative of Hamza whether the petitioner would continue to pursue the case or withdraw his plea.
  • Hamza was arrested in June 2019 from inside the LHC in relation to two cases pertaining to money laundering and accumulating assets beyond means of income.
Updated 22 Jan, 2021 06:01pm
'I will fire you on the spot', Biden warns staff if they disrespect colleagues
World

'I will fire you on the spot', Biden warns staff if they disrespect colleagues

  • "I'm not joking when I say this: If you're ever working with me and I hear you treat another with disrespect, talk down to someone, I promise you I will fire you on the spot," Biden said.
  • The US president further said that everybody is entitled to be treated with decency and dignity, adding that it has been missing in a 'big way in the last four years'.
Published 22 Jan, 2021 03:02pm
Sindh may postpone exams due to prolonged school closure
Pakistan

Sindh may postpone exams due to prolonged school closure

  • "We all agreed that we should be in a hurry to hold exams and ensure that at least 60% of the curriculum is taught comprehensive."
  • Ghani said that the committee has been set up to review and compile schedules for the academic year and examination.
Updated 22 Jan, 2021 02:40pm
COVID-19 claims 47 more lives in Pakistan
Pakistan

COVID-19 claims 47 more lives in Pakistan

  • During the past 24 hours 1,745 new infections were reported across the country.
  • With fresh inclusion of the infections in the country the national tally of cases now currently stands at 528,891.
Published 22 Jan, 2021 02:09pm
Biden nominates Kashmiri-origin diplomat for key State Department role
World

Biden nominates Kashmiri-origin diplomat for key State Department role

  • President Joe Biden nominated a Kashmiri-origin diplomat as Under Secretary for Civilian Security, Democracy and Human Rights - a key State Department position, as the new administration takes office.
  • Uzra Zeya, who resigned from the foreign service in 2018, in protest against President Trump's policies, has been nominated by the Biden Administration for the key position in the Department of State.
Updated 22 Jan, 2021 02:03pm
New China swine fever strains point to unlicensed vaccines
World

New China swine fever strains point to unlicensed vaccines

  • But it has issued at least three warnings against use of unauthorised African swine fever vaccines, cautioning that they could have severe side effects and that producers and users could be charged with a criminal offence.
Published 22 Jan, 2021 12:06pm
Democrats with BJP/RSS links excluded from Biden Administration
World

Democrats with BJP/RSS links excluded from Biden Administration

  • Obama administration staffer Sonal Shah and Amit Jani, who worked on the Biden campaign team, have so far been excluded, allegedly due their RSS-BJP links.
  • These allegations were reportedly brought to the Biden campaign by over a dozen Indian-American organisations.
Updated 22 Jan, 2021 12:11pm
PIA's legal team to appear before UK court today

PIA's legal team to appear before UK court today

  • Federal Minister for Aviation Ghulam Sarwar Khan said PIA had failed to pay the lease of the aircraft that was held in Kuala Lumpur on time due to the coronavirus pandemic.
Updated 22 Jan, 2021 01:00pm
Suarez double fires Atletico seven points clear
Sports

Suarez double fires Atletico seven points clear

  • He had Marcos Llorente's pressing to thank for his equaliser but the second was almost entirely down to him, the 33-year-old chasing down a long punt downfield before tumbling over in the box.
Published 22 Jan, 2021 10:03am
Embattled Intel says earnings better than expected
Technology

Embattled Intel says earnings better than expected

  • While Intel remains one of the world's leading chip companies, it has lagged behind rivals in the fast-growing segment of mobile devices, and its chips are being phased out by Apple, which is developing its own microprocessors for its Mac computers.
Published 22 Jan, 2021 09:45am
Bestway Cement Limited
BR Research

Bestway Cement Limited

Bestway Cement Limited (PSX: BWCL) was set up in 1993 under the Companies Ordinance, 1984 (repealed with the...
Published 22 Jan, 2021 07:45am
Biden’s hour
BR Research

Biden’s hour

If seasoned American political observers are to be believed, Joe Biden has taken oath as President at an ominous...
Published 22 Jan, 2021 07:40am
Think out-of-box FDI (II)
BR Research

Think out-of-box FDI (II)

While there is a need to rethink FDI policy and invigorate and charge up IPAs’ role – as highlighted last in ...
Published 22 Jan, 2021 07:35am
Current account
BR Research

Current account

The current account is finally in deficit after a surplus streak of 5 months. It stood at $662 million in December;...
Published 22 Jan, 2021 07:25am