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Archive - 2016-11-17
Toyota to create new team for electric cars
Industry

Toyota to create new team for electric cars

TOKYO: Toyota Motor Corp said on Thursday it would create a new in-house team to develop electric vehicles as the Japanese automaker speeds up its efforts to develop more of the lower-emission cars.
Updated 08 May, 2018 01:25pm
TSX rises with banks, Suncor; Valeant slumps on arrests
Financial

TSX rises with banks, Suncor; Valeant slumps on arrests

TORONTO: Canada's main stock index gained on Thursday in a broad rally led by heavyweight resource and financial stocks, as crude prices rose and the country's largest oil and gas company forecast higher production and lower costs in 2017.
Published 17 Nov, 2016 05:26pm
Obama, Merkel underscore importance of free trade talks
World Top News

Obama, Merkel underscore importance of free trade talks

BERLIN: US President Barack Obama and German Chancellor Angela Merkel on Thursday both underscored the importance of continuing free trade negotiations between the United States and Europe.
Published 17 Nov, 2016 05:17pm
Dollar index hits 13-1/2 year high after Yellen
Financial

Dollar index hits 13-1/2 year high after Yellen

NEW YORK: The dollar on Thursday climbed to fresh 13-1/2 highs versus a basket of major currencies after Federal Reserve Chair Janet Yellen finished her appearance before the Congress's Joint Economic Committee.
Published 17 Nov, 2016 05:06pm
JPMorgan to pay $264mn to resolve China hiring probe
Money & Banking

JPMorgan to pay $264mn to resolve China hiring probe

WASHINGTON: JPMorgan Chase & Co has agreed to pay US authorities $264 million to resolve allegations that it hired the relatives of Chinese officials in order to win banking deals, the US Securities and Exchange Commission and the Justice Department said
Published 17 Nov, 2016 05:05pm
Erdogan urges Turkish businessmen to invest in CPEC projects
Pakistan Top News

Erdogan urges Turkish businessmen to invest in CPEC projects

ISLAMABAD: President Recep Tayyip Erdogan on Thursday urged the Turkish businessmen to invest in China Pakistan Economic Corridor (CPEC) projects of Pakistan saying that the CPEC was a game changer for the region.
Published 17 Nov, 2016 04:45pm
Bollywood actress attacked in Paris
Life & Style

Bollywood actress attacked in Paris

PARIS: Bollywood actress Mallika Sherawat was punched in the face and sprayed with tear gas by masked attackers in an upmarket area of Paris, police said Thursday.
Published 17 Nov, 2016 04:19pm
EU approves Ukraine visa-free travel
Europe

EU approves Ukraine visa-free travel

BRUSSELS: European Union member states on Thursday approved visa-free travel for Ukraine citizens, long sought by Kiev to help cement ties as it combats pro-Russian rebels in the east.
Published 17 Nov, 2016 04:13pm
Ruthless Djokovic routs Goffin in Tour Finals
Sports

Ruthless Djokovic routs Goffin in Tour Finals

LONDON: Novak Djokovic crushed David Goffin 6-1, 6-2 at the ATP Tour Finals on Thursday as the world number two kept his foot on the gas in the race to finish the year atop the world rankings.
Published 17 Nov, 2016 04:03pm
US intelligence chief Clapper resigns
North America

US intelligence chief Clapper resigns

WASHINGTON: US Director of National Intelligence James Clapper said Thursday that he had submitted his resignation, stepping down as President-elect Donald Trump begins to assemble his new administration.
Published 17 Nov, 2016 03:54pm
ADB resident mission visits FESCO
General News

ADB resident mission visits FESCO

FAISALABAD: The resident mission of Asian Development Bank (ADB), along with foreign journalists Thursday visited the Faisalabad Electric Supply Company (FESCO) headquarters in connection with the 50 years celebrations of the ADB.
Published 17 Nov, 2016 03:31pm
Rugby-Wales ring changes for Japan test
Sports

Rugby-Wales ring changes for Japan test

LONDON: Sam Warburton resumes the captaincy and Leigh Halfpenny switches to the wing for Wales, who have made 10 changes to their team to play Japan in Cardiff on Saturday.
Published 17 Nov, 2016 03:27pm
Copper rises as dollar slips, Trump rally fizzles
Commodities

Copper rises as dollar slips, Trump rally fizzles

LONDON: Copper made modest gains on Thursday as the dollar pulled back from near 14-year highs but the rise was capped by concerns that the metal used in construction and power had risen too far in recent sessions.
Published 17 Nov, 2016 03:22pm
Euro zone bond yields fall after BoJ fires warning shot
Financial

Euro zone bond yields fall after BoJ fires warning shot

LONDON: Euro zone government bond yields fell on Thursday, pulling away from multi-month highs, after the Bank of Japan fired a warning shot to markets not to push borrowing costs too high following Donald Trump's unexpected victory in last week's
Published 17 Nov, 2016 03:19pm
PRBC delegation to visit Romania
General News

PRBC delegation to visit Romania

KARACHI: Chairman, Pakistan Romania Business Council (PRBC) Sohail Shamim Firpo has informed that PRBC is planning to send a high-powered delegation to Romania in May 2017 which will explore more opportunities of enhancing the bilateral trade between the
Published 17 Nov, 2016 03:15pm
Zurich Insurance dividend pledge boosts shares
World

Zurich Insurance dividend pledge boosts shares

ZURICH/LONDON: New Zurich Insurance Chief Executive Mario Greco pledged on Thursday to keep dividends at least steady through 2019 and stepped up cost cuts, dispelling investor fears that the Swiss insurer could curtail payouts under his watch.
Published 17 Nov, 2016 03:09pm
Europe at risk of collapse; France, Germany must lead: French PM
Europe

Europe at risk of collapse; France, Germany must lead: French PM

BERLIN: The European Union is in danger of breaking apart unless France and Germany, in particular, work harder to stimulate growth and employment and heed citizens' concerns, French Prime Minister Manuel Valls said in the German capital on Thursday.
Published 17 Nov, 2016 03:02pm
Rugby-Habana back to boost ailing Boks
Sports

Rugby-Habana back to boost ailing Boks

ROME: Reeling South Africa having received a selection boost after experienced winger Bryan Habana was named on Thursday by coach Allister Coetzee to face Italy in Florence on Saturday.
Published 17 Nov, 2016 02:58pm
Falling investment to support gas prices
Energy

Falling investment to support gas prices

DOHA: Qatar, the world's top LNG exporter, expects falling investment to help balance supply and demand in the natural gas market, Energy Minister Mohammed al-Sada told reporters on Thursday.
Published 17 Nov, 2016 02:53pm
Deutsche Bank reorganises EMEA DCM-FSG
Money & Banking

Deutsche Bank reorganises EMEA DCM-FSG

LONDON: Deutsche Bank has made key appointments in its financing and solutions group (FSG) business in Europe, according to a spokesperson, as the rejig of the bank's various business lines continues.
Published 17 Nov, 2016 02:42pm
Dollar charge pauses as bond bashing relents
Financial

Dollar charge pauses as bond bashing relents

LONDON: Battered bonds and emerging market currencies enjoyed some respite on Thursday as the dollar took a breather from a post-US election charge that has taken it to a 13-1/2 year high.
Published 17 Nov, 2016 02:39pm
SHC rejects appeal lodged against Amir Khan
General News

SHC rejects appeal lodged against Amir Khan

KARACHI: The Sindh High Court (SHC) Thursday rejected an appeal lodged by the Pakistan Rangers (Sindh) against the bail of MQM leader Amir Khan in a case registered for harbouring alleged terrorists.
Published 17 Nov, 2016 02:26pm
Oil prices rise on Saudi optimism over OPEC deal
Energy

Oil prices rise on Saudi optimism over OPEC deal

LONDON: Oil prices rose on Thursday as expectations of an OPEC deal to limit production outweighed evidence of global oversupply and rising inventories, particularly in the United States.
Published 17 Nov, 2016 01:59pm
Petrobras to announce sale of gas distribution unit to Ultrapar
Industry

Petrobras to announce sale of gas distribution unit to Ultrapar

SAO PAULO: Brazil's state-run oil company Petroleo Brasileiro SA is close to announcing the sale of its liquified petroleum gas distribution unit Liquig?s Distribuidora SA to industrial group Ultrapar Participa??es SA , a source close to the matter to
Published 17 Nov, 2016 01:49pm
Japan PM Abe to meet with Trump Thursday, seeks to build trust
Asia

Japan PM Abe to meet with Trump Thursday, seeks to build trust

WASHINGTON/TOKYO: Japanese Prime Minister Shinzo Abe said on Thursday he wants to build a relationship of trust when he meets US President-elect Donald Trump this week, stressing that the two-way alliance is the core of Tokyo's diplomacy and security.
Published 17 Nov, 2016 01:47pm
Dollar pulls back ahead of Yellen testimony
Financial

Dollar pulls back ahead of Yellen testimony

LONDON: The dollar fell back against other major currencies on Thursday, hit by speculation US Federal Reserve chief Janet Yellen will express concern over the pace of its surge to a 13 1/2-year high in the past week and an accompanying rise in bond yield
Published 17 Nov, 2016 01:40pm
US consumer prices post largest gain in six months
World

US consumer prices post largest gain in six months

WASHINGTON: US consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that potentially clears the way for the Federal Reserve to raise interest rates in December.
Published 17 Nov, 2016 01:38pm
US housing starts surge to 9-year high in October
World

US housing starts surge to 9-year high in October

WASHINGTON: US housing starts surged to a more than nine-year high in October as builders ramped up construction of both single and multifamily homes, offering hope that housing will contribute to economic growth in the fourth quarter.
Published 17 Nov, 2016 01:34pm
US-Canada free trade will continue
World

US-Canada free trade will continue

MONTREAL: Canada expects to keep its 1989 bilateral free trade agreement with the United States if US President-elect Donald Trump withdraws from NAFTA, the Canadian ambassador to the US said Wednesday.
Published 17 Nov, 2016 01:08pm
Women powerful agents of change: Zahid Hamid
General News

Women powerful agents of change: Zahid Hamid

ISLAMABAD: Federal Minister for Climate Change Zahid Hamid has said that Pakistan has taken affirmative action to ensure women's participation and decision-making in policy and decision-making process.
Published 17 Nov, 2016 12:49pm
Dar holds joint meeting with Deputy Prime Ministers of Turkey
Pakistan Top News

Dar holds joint meeting with Deputy Prime Ministers of Turkey

ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar hold joint meeting with Yil Drim Turgul Turkes and Veysi Kaynak, Deputy Prime Ministers of Turkey at PM House and discussed matters of bilateral interests between Pakistan and Turkey, said a press re
Published 17 Nov, 2016 12:45pm
Market rates of bullion in Lahore
Markets

Market rates of bullion in Lahore

LAHORE: Following bullion rates were received from markets here on Thursday 2016:%DULLION (PER 10 GRAM)%D%A=====================%D%AGOLD TEZABI-24 CT------43638.
Published 17 Nov, 2016 12:34pm
4th Pak-China bilateral naval exercise begins
Pakistan Top News

4th Pak-China bilateral naval exercise begins

KARACHI: Chinese Navy Ships CHANGXINGDAO (Ocean Salvage & Rescue Ship) and PLA(N) Ship HANDAN are in Karachi these days on a good-will visit to Pakistan and the visiting ships will participate in the 4th Pak-China bilateral naval exercise.
Published 17 Nov, 2016 12:33pm
Panama case: CJ says no problem in starting probe of PM alone
Front Top News

Panama case: CJ says no problem in starting probe of PM alone

ISLAMABAD: Chief Justice of Pakistan Anwar Zaheer Jamali has said that there will be no issue if the investigation gets started from the ruler, adding that the court doesnt want to give an impression that accountability is limited only for the common man.
Published 17 Nov, 2016 12:02pm
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

%D%AKARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Thursday having 42411.
Published 17 Nov, 2016 11:45am
SC orders reopening of wine shops across Sindh
Front Top News

SC orders reopening of wine shops across Sindh

ISLAMABAD: The Supreme Court of Pakistan issued on Thursday an interim order to reopen wine shops that were sealed in view of Sindh High Court (SHC) orders across the province.
Published 17 Nov, 2016 11:18am
Gullen in Pennsylvania dreaming to rule the entire world: Erdogan
Front Top News

Gullen in Pennsylvania dreaming to rule the entire world: Erdogan

ISLAMABAD: Thanking Pakistan for extending necessary cooperation in tackling the challenge thrown by the organisation of Fateullah Gullen, Turkish President Recep Tayyip Erdogan on Thursday said Gullen, while sitting in Pennsylvania, is dreaming to rule t
Published 17 Nov, 2016 11:04am
Russia moves to block LinkedIn network
Europe

Russia moves to block LinkedIn network

MOSCOW: Russia's state communications watchdog said Thursday it had ordered internet providers to block the LinkedIn professional networking site after a court ruled it was breaching a law on storing users' data.
Published 17 Nov, 2016 10:33am
British retail sales surge in October
World

British retail sales surge in October

LONDON: Retail sales in Britain rebounded sharply last month on strong clothing demand, official data showed Thursday, as shoppers brushed off Brexit jitters.
Published 17 Nov, 2016 10:08am
Shipping activity at Port Qasim
Business & Economy

Shipping activity at Port Qasim

KARACHI: Four ships Maersk Stepnica, GSW Future, Ardmore Duntless and Sea Marshal carrying containers chemicals, palm oil and furnace oil were allotted berths at Qasim International Container Terminal, Engro Vopak Terminal, Liquid Cargo Terminal and FOTCO
Published 17 Nov, 2016 10:06am
TOCOM hits 16-month high on hopes of strong Chinese demand
Commodities

TOCOM hits 16-month high on hopes of strong Chinese demand

TOKYO: Benchmark Tokyo rubber futures hit a near 16-month high on Thursday, extending gains for a third day, buoyed by expectations of higher demand from top buyer China and supply worries, though it pared some of its earlier gains on profit-taking.
Published 17 Nov, 2016 09:36am
Arabs raise Azan in Israeli parliament to protest ban
Arts

Arabs raise Azan in Israeli parliament to protest ban

Arab Members of the Knesset (Israeli parliament) Taleb Abu Arar and Ahmad Tibi raised the Azan Muslims call for prayer to protest against the recently passed bill by Israel that requires mosques to ban the use of loudspeakers during the Azan.
Published 17 Nov, 2016 09:34am
Pakistan, Turkey agree to boost ties, FTA by end of 2017
Front Top News

Pakistan, Turkey agree to boost ties, FTA by end of 2017

ISLAMABAD: Pakistan and Turkey on Thursday agreed to further strengthen their existing close, deep-rooted and multi-faceted ties and cooperation in diverse areas for the mutual benefit.
Published 17 Nov, 2016 09:29am
Karachi mayor delighted to be back home
Front Top News

Karachi mayor delighted to be back home

KARACHI: Muttahida Qaumi Movement (MQM) Pakistan leader and Mayor Karachi Waseem Akhtar expressed on Thursday his delight over the courts directive of granting him bail in the last case, paving way for his release from the jail.
Published 17 Nov, 2016 09:12am
French jobless rise unwelcome news for Hollande
Europe

French jobless rise unwelcome news for Hollande

PARIS: France's unemployment rate increased slightly in the third quarter in discouraging news for President Francois Hollande as he weighs a re-election bid, figures showed Thursday.
Published 17 Nov, 2016 08:46am
Nawaz, Erdogan discuss regional, intl issues
Front Top News

Nawaz, Erdogan discuss regional, intl issues

ISLAMABAD: A one-to-one meeting between Turkish President Recep Tayyip Erdogan and Prime Minister Nawaz Sharif was held in Islamabad on Thursday.
Published 17 Nov, 2016 08:06am
Virgin group owner unveils new supersonic jets
Technology

Virgin group owner unveils new supersonic jets

Owner of Virgin group of companies, Richard Branson just portended on Tuesday at the renaissance of new supersonic passenger jets whilst unveiling prototype aircrafts that cut fly time in almost half by promising 3.5-hour flights from London to New York a
Published 17 Nov, 2016 08:03am
Fifth round of Pak -Thai FTA talks begins
Front Top News

Fifth round of Pak -Thai FTA talks begins

MUSHTAQ GHUMMAN%D%AISLAMABAD: Pakistan and Thailand have entered into fifth round of negotiations on Free Trade Agreement (FTA) which, according to the private sector, would be disastrous for a couple of domestic industries, especially the auto sector.
Published 17 Nov, 2016 07:05am
Kohli, Pujara rebuild after early England strikes
Cricket

Kohli, Pujara rebuild after early England strikes

VISAKHAPATNAM: England seamers dealt early blows to Indian's batsmen before skipper Virat Kohli and Cheteshwar Pujara steadied the innings on the opening day of the second Test in Visakhapatnam on Thursday.
Published 17 Nov, 2016 06:52am
Gen Raheel hails Pakistan Army as best in world
Front Top News

Gen Raheel hails Pakistan Army as best in world

RAWALPINDI: Chief of Army Staff (COAS) General Raheel Sharif has said that We have ended terrorism and it is needed that the process should be retained and its aim is to provide better and secure Pakistan to generations to come.
Published 17 Nov, 2016 06:42am
FBR chief explains the enormity of  'Benami' challenge
Front Top News

FBR chief explains the enormity of 'Benami' challenge

ZAHEER ABBASI%D%AISLAMABAD: Chairman Federal Board of Revenue (FBR), Nisar Muhammad Khan on Wednesday said that millions of accounts, properties and transactions are Benami in the country and a law has been proposed to deal with them.
Published 17 Nov, 2016 06:34am
LPGA heads to New Zealand for first time
Sports

LPGA heads to New Zealand for first time

WELLINGTON: The LPGA will head to New Zealand next year for the first time, giving world number one Lydia Ko the chance to showcase her skills to a hometown crowd in Auckland.
Published 17 Nov, 2016 06:30am
Asian markets fluctuate as dealers assess Trump
Financial

Asian markets fluctuate as dealers assess Trump

HONG KONG: Asian markets were hit by fresh volatility Thursday as uncertainty permeates trading floors after Donald Trump's shock election win, while the dollar pushed back up on expectations of a US interest rate hike.
Published 17 Nov, 2016 05:46am
Facebook buys facial recognition tech startup
Life & Style

Facebook buys facial recognition tech startup

SAN FRANCISCO: Facebook on Wednesday said that it has bought facial recognition startup FacioMetrics, potentially using the technology for photo or video effects to better challenge rival Snapchat.
Published 17 Nov, 2016 05:44am
Hong Kong stocks end morning lower
Financial

Hong Kong stocks end morning lower

HONG KONG: Hong Kong stocks ended the morning session lower in volatile trade fuelled by uncertainty over the outlook for the world economy under a Donald Trump presidency.
Published 17 Nov, 2016 05:41am
SHC seeks SBCA's comments on illegal construction

SHC seeks SBCA's comments on illegal construction

Sindh High Court (SHC) on Wednesday sought comments from the Sindh Building Control Authority (SBCA) and others on a petition filed by a citizen against an alleged construction of high-rise building in residential area. Headed by Justice Nadeem Akhtar, th
Published 17 Nov, 2016 12:00am
CM Punjab reviews School Reforms Roadmap

CM Punjab reviews School Reforms Roadmap

Punjab Chief Minister Muhammad Shahbaz Sharif here Wednesday presided over a meeting which reviewed measures taken under Chief Minister's School Reforms Roadmap. The participants of the meeting expressed satisfaction over the implementation of School Refo
Published 17 Nov, 2016 12:00am
Imran again raises question about Prime Minister's 'properties'

Imran again raises question about Prime Minister's 'properties'

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Wednesday said that Prime Minister Nawaz Sharif must speak the truth about the huge properties owned by his family abroad. Speaking to party workers on the occasion of Insaf Student Federation's (ISF) fou
Published 17 Nov, 2016 12:00am
Dar reviews renovation work of Senate Secretariat

Dar reviews renovation work of Senate Secretariat

Federal Finance Minister Ishaq Dar chaired a meeting which reviewed the status of renovation work at the Senate Secretariat and directed the Capital Development Authority (CDA) to complete the renovation work in the shortest possible time.
Published 17 Nov, 2016 12:00am
Annual Innovation Summit at UET Peshawar begins

Annual Innovation Summit at UET Peshawar begins

The Annual and Innovation Summit, 2016 begin here at UET Peshawar on Wednesday. Delegates from all over the country including academicians and industrialists and government participated in the opening ceremony. Addressing the occasion, Professor Dr Iftikh
Published 17 Nov, 2016 12:00am
Anti-polio campaign begins in Thatta

Anti-polio campaign begins in Thatta

Deputy Commissioner Thatta Mirza Nasir Ali has directed the concerned officers of different departments to make all out efforts to complete the elimination of polio disease and to make proper arrangements with ensured strict monitoring during polio campai
Published 17 Nov, 2016 12:00am
Chinese Navy flotilla arrives

Chinese Navy flotilla arrives

Chinese Navy flotilla including Ocean Salvage & Rescue Ship CHANGXINGDAO and PLA (Navy) Ship HANDAN arrived Karachi on a goodwill visit to Pakistan. The visiting Chinese platforms will take part in 4th PN-PLA (Navy) bilateral exercise encompassing Harbour
Published 17 Nov, 2016 12:00am
Flights increased for Jeddah: PIA

Flights increased for Jeddah: PIA

Pakistan International Airlines (PIA) on Wednesday announced to increase its flights frequency to Jeddah. According to details, the national flag carrier would now operate 5 flights from Lahore, 4 flights from Islamabad, 3 flights from Karachi-Multan and
Published 17 Nov, 2016 12:00am
Baloch urged to deal with terrorism chellenge through tribes

Baloch urged to deal with terrorism chellenge through tribes

Tribes consisting of hundreds and thousand of people should control terrorism in a tribal manner and play their due role to giving rights to Balochistan. Present parliamentary government is not capable to defend Baloch nation and the soil. Prince Yahya Ja
Published 17 Nov, 2016 12:00am
PMSA conducts Marine Oil Spill Exercise

PMSA conducts Marine Oil Spill Exercise

On the direction of Admiral Muhammad Zakaullah NI (M), Chief of the Naval Staff, Pakistan Navy and Pakistan Maritime Security Agency (PMSA) in co-ordination with all the stake holders conducted a Marine Oil Spill Exercise BARRACUDA-VII from 14-16 November
Published 17 Nov, 2016 12:00am
Two die, 30 injured in road mishap

Two die, 30 injured in road mishap

At least two persons died and 30 others injured when an over speeding passenger bus over turned here on Wednesday. Rescue sources said that a reckless driven passenger bus turned turtle in Kundi near Bela area of Tehsil Hub of Lasbela district in Balochis
Published 17 Nov, 2016 12:00am
Rs 187.160 million ST evasion by housing society unearthed

Rs 187.160 million ST evasion by housing society unearthed

Directorate General of Intelligence and Investigation (I&I) Inland Revenue (IR) has unearthed a purported sales tax evasion of Rs 187.160 million by a housing society of Lahore, which was involved in supply of electricity to its residential and commercial
Published 17 Nov, 2016 12:00am
Flight of capital: relief package for real estate investors demanded

Flight of capital: relief package for real estate investors demanded

Pakistan Real Estate Industry Forum (PREIF) Wednesday demanded a relief package for the real estate investors to avoid flight of capital from Pakistan. Addressing a press conference at Karachi Press Club, Shaban Elahi, President and Ghazanfar Mehboob, Gen
Published 17 Nov, 2016 12:00am
113 more power pilferers nabbed in Pesco drive

113 more power pilferers nabbed in Pesco drive

On the directives of Chief Executive, Peshawar Electric Supply Company (Pesco) Anwarul Haq Yousufzai, drive against illegal use of electricity has been accelerated throughout Khyber Pakhtunkhwa. In this connection a surveillance team conducted raids in di
Published 17 Nov, 2016 12:00am
CEO EDB grilled by Dar

CEO EDB grilled by Dar

Finance Minister, Senator Ishaq Dar has reportedly grilled Chief Executive Officer (CEO) Engineering Development Board (EDB) for violating recently approved new entrants policy, well informed sources told Business Recorder. The CEO who is under inv
Published 17 Nov, 2016 12:00am
EDB becomes 'no-go area' for auto industry?

EDB becomes 'no-go area' for auto industry?

Engineering Development Board (EDB) has reportedly become a "no go area" for the auto industry seeking enhancement of quotas under the prescribed policy, well informed sources in EDB told Business Recorder. Pakistan Association of Automobile Parts
Published 17 Nov, 2016 12:00am
Things start improving after effective implementation of NAP: minister

Things start improving after effective implementation of NAP: minister

Minister of State for Education and Professional Training, Engr. Baligh-ur-Rehman on Wednesday said things have started improving after effective implementation of Zarb-e-Azb and National Action Plan (NAP). He was talking to the Ambassador of United Arab
Published 17 Nov, 2016 12:00am
Government urged to hold regular elections of local bodies

Government urged to hold regular elections of local bodies

Speakers at the meeting of Shura Hamdard Karachi chapter urged the government to hold regular elections of local bodies on appointed hour in order to evolve new leadership in the country. The meeting was held yesterday on the theme: "The foundation of pol
Published 17 Nov, 2016 12:00am
PEC asked to draft bill on implementation of building codes

PEC asked to draft bill on implementation of building codes

The Senate Standing Committee on Law and Justice on Wednesday directed the Pakistan Engineering Council (PEC) to draft a bill within three weeks in the light of proposed draft on implementation of building codes with special provisions for seismic protect
Published 17 Nov, 2016 12:00am
Legal Fraternity: Focus Group identifies Islamic banking training needs

Legal Fraternity: Focus Group identifies Islamic banking training needs

Sindh Judicial Academy and Centre for Excellence in Islamic Finance, IBA conducted a focus group to introduce Islamic methods of financing among legal fraternity on Thursday, 10th November 2016 which was comprised of judges, advocates, legal councils, aca
Published 17 Nov, 2016 12:00am
All origins: Customs values on import of honey revised

All origins: Customs values on import of honey revised

Directorate General of Customs Valuation Karachi has revised customs values on the import of honey from all origins for accurate assessment of duties during the current winter season.
Published 17 Nov, 2016 12:00am
US-funded Bannu-Miran Shah-Ghulam Khan Road opens

US-funded Bannu-Miran Shah-Ghulam Khan Road opens

Chief of the Army Staff (CoAS) General Raheel Sharif on Wednesday inaugurated the Bannu-Miran Shah-Ghulam Khan road. The American Embassy congratulated the people of Pakistan, the FATA Secretariat and the Frontier Works Organisation on the opening of Bann
Published 17 Nov, 2016 12:00am
Muqaam accuses Imran of misusing KP mandate

Muqaam accuses Imran of misusing KP mandate

PML-N stalwart and Advisor to Prime Minister Amir Muqaam has accused the PTI chief Imran Khan for misusing the mandate of the Khyber Pakhtunkhwa and asked him to either play role in Parliament or tender resignation. While addressing a press conference her
Published 17 Nov, 2016 12:00am
KP mineral sector: Chinese investors show interest

KP mineral sector: Chinese investors show interest

Chinese investors have expressed keen interest for investment in the mineral sector of Khyber Pakhtunkhwa. An eighteen-member delegation, led by Chan, President of Chinese Overseas Investment Union (COIU) on Wednesday called on Secretary Minerals Developm
Published 17 Nov, 2016 12:00am
PPP women's wing pays tributes to Jehangir Badr

PPP women's wing pays tributes to Jehangir Badr

PPP Khyber Pakhtunkhwa Women Wing held a condolence reference to pay tributes to senior leader, Jehangir Badr here on Wednesday. Those who attended were MPA Nighat Yasmin Orakzai, former MPA Shazia Tehmas, Nasim Riaz and other office-bearers and workers.
Published 17 Nov, 2016 12:00am
Olson makes farewell telephonic call to Dar

Olson makes farewell telephonic call to Dar

US Special Representative for Pakistan and Afghanistan, Richard Olsson on Wednesday made a farewell telephonic call to the Finance Minister, Senator Ishaq Dar. Olson said that he values the long working relationship with the Finance Minister, both as US A
Published 17 Nov, 2016 12:00am
Six volunteers of peace committee killed in Tirah

Six volunteers of peace committee killed in Tirah

At least six volunteers of a peace committee were killed and three others were injured in firing incident in Tirah valley, Sukh Kamr Kel area of Tehsil Bara of Khyber Agency on Wednesday. According to reports, some unknown armed men opened firing at the m
Published 17 Nov, 2016 12:00am
Noorani Shrine attack: China stands by Pakistan: Li

Noorani Shrine attack: China stands by Pakistan: Li

Chinese Premier Li Keqiang has sent his condolences to his Pakistani counterpart Muhammad Nawaz Sharif over a recent terrorist strike at Shah Noorani Shrine in Balochistan which caused heavy casualties. In the message, Li said that China strongly condemns
Published 17 Nov, 2016 12:00am
Ogra may approve 200,000 new gas connections

Ogra may approve 200,000 new gas connections

Oil and Gas Regulatory Authority (Ogra) is likely to approve 200,000 new gas connections in the two gas utilities Sui-Northern Gas Pipelines (SNGPL) and Sui-Southern Gas Company (SSGC) for 2016-17, officials said.
Published 17 Nov, 2016 12:00am
SAARC CCI and SDF to collaborate on regional development: MoU signed

SAARC CCI and SDF to collaborate on regional development: MoU signed

President, SAARC Chamber of Commerce and Industry, SurajVaidya signed an MoU with Dr Sunil Motiwal, CEO, SAARC Development Fund during the SAARC CCI roundtable conference on "Energizing SAARC: Creating Synergies" in collaboration with Federation of Nepale
Published 17 Nov, 2016 12:00am
WFP launches nine-month operation to assist Afghan returnees

WFP launches nine-month operation to assist Afghan returnees

The World Food Programme (WFP), a United Nations agency, has launched a nine-month operation to assist Afghanistan in dealing with the growing numbers of returnees from Pakistan, as well as internally displaced people, by providing emergency food and fund
Published 17 Nov, 2016 12:00am
'Erdogan's visit to open up new vistas of trade promotion'

'Erdogan's visit to open up new vistas of trade promotion'

Terming President Recep Tayyip Erdogan's two-day state visit to Pakistan an opening of new vistas for investment bonanza, the business community in Pakistan is of the opinion that it will not only help transforming bilateral relations into economic partne
Published 17 Nov, 2016 12:00am
'Looters' have to face accountability: JI chief

'Looters' have to face accountability: JI chief

Chief of Jamaat-e-Islami Pakistan, Senator Sirajul Haq has said that those trying to depend upon forged documents to escape accountability would be disgraced and the plunderers both in the government and the opposition, would ultimately have to face accou
Published 17 Nov, 2016 12:00am
World Prematurity Day today

World Prematurity Day today

Pakistan will mark the 6th annual World Prematurity Day 2016 on Thursday to reaffirm its commitment towards reducing the number of preterm births in the country. As per estimate, 860000 premature births are recorded every year in Pakistan and out of them
Published 17 Nov, 2016 12:00am
PSO launches ultra premium fuel products

PSO launches ultra premium fuel products

The government has rejected the summary of Oil and Gas Regulatory Authority (OGRA) to increase the gas prices. Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi on Wednesday said this while inaugurating the Pakistan State Oil premium quali
Published 17 Nov, 2016 12:00am
Panama Papers: JI urges SC to give road map on proceedings

Panama Papers: JI urges SC to give road map on proceedings

Jamaat-e-Islami Secretary General, Liaqat Baloch, urged the Supreme Court to give a road map for the corruption proceedings of Panama leaks. In a statement, before departing for Multan, Khanewal and Vehari on Wednesday, he said that a high level judicial
Published 17 Nov, 2016 12:00am
Punjab to open utility store for police officials

Punjab to open utility store for police officials

In order to provide some respite to police officials of the Lahore division from soaring prices of daily-use items, the Punjab police has decided to set up a 'Utility Store' at the Police Lines (Qila Gujjar Singh) offering commodities, garments and other
Published 17 Nov, 2016 12:00am
International firm wants to invest in Lahore theme park

International firm wants to invest in Lahore theme park

A delegation of an international company led by its chairman met with Punjab Chief Minister Muhammad Shehbaz Sharif, here on Wednesday and expressed keen interest to invest in the project of Theme Park in Punjab. CM Punjab while meeting the delegation sai
Published 17 Nov, 2016 12:00am
Nigeria seeks Pakistan assistance for Hajj management operations

Nigeria seeks Pakistan assistance for Hajj management operations

The National Hajj Commission of Nigeria (NAHCON) has approached Ministry of Religious Affairs and Interfaith Harmony for developing an Information & Communication Technology (ICT) platform replica devised by Punjab Information Technology Board (PITB) for
Published 17 Nov, 2016 12:00am
'Punjab Diabetes Forum' being held on December 6

'Punjab Diabetes Forum' being held on December 6

With a view to raising awareness and to evolve a strategy to fight diabetes, the Punjab government and Novo Nordisk on Wednesday inked a memorandum of understanding (MoU) to hold 'Punjab Diabetes Forum'. Provincial Secretary for Specialised Healthcare and
Published 17 Nov, 2016 12:00am
Tarbela 4th Extension Project: WAPDA Chairman reviews construction work

Tarbela 4th Extension Project: WAPDA Chairman reviews construction work

The Water and Power Development Authority (WAPDA) Chairman Lieutenant General Muzammil Hussain (R) on Wednesday visited the under-construction Tarbela 4th Extension Hydropower Project to review progress. During the visit, he held a detailed round of the v
Published 17 Nov, 2016 12:00am
Man throws acid at wife, in-laws

Man throws acid at wife, in-laws

A man in Multan allegedly threw acid at his wife, mother-in-law and sister-in-law on Wednesday, police said, leaving his sister-in-law hospitalised with burns. The man, Shahbaz, and his wife, Anum, were recently separated and a case is pending before cour
Published 17 Nov, 2016 12:00am
Hi-Tech Lubricants Limited (PSX: HTL)

Hi-Tech Lubricants Limited (PSX: HTL)

Hi-Tech Lubricants Limited (PSX: HTL) has been marketing lubricants in Pakistan for the last 20 years. The firm has been involved in the sale of imported lubricants, greases, specialty oils etc manufactured by S.K Lubricants, Korea under the brand name ZI
Published 17 Nov, 2016 12:00am
Hi-Tech Lubricants Limited (PSX: HTL)

Hi-Tech Lubricants Limited (PSX: HTL)

Hi-Tech Lubricants Limited (PSX: HTL) has been marketing lubricants in Pakistan for the last 20 years. The firm has been involved in the sale of imported lubricants, greases, specialty oils etc manufactured by S.K. Lubricants, Korea under the brand name Z
Published 17 Nov, 2016 12:00am
IMF chief's visit

IMF chief's visit

The Managing Director (MD) of the IMF visited Pakistan during October 24-25, 2016. This was the first visit of any IMF MD in a decade. Rodrigo De Rato Figaredo, the former MD of the IMF visited Pakistan in 2005. We welcomed the visit of the MD in Pakistan
Published 17 Nov, 2016 12:00am
Seafood export volume grows by 1.41 percent

Seafood export volume grows by 1.41 percent

The country's seafood export volume grew up by 1.41 percent in July-September 2016 with a comparatively higher fisheries landing this fiscal year, industry said on Wednesday. Seafood export volume growth is attributed to a higher fisheries landing almost
Published 17 Nov, 2016 12:00am
Dr Asim allowed to undergo hydrotherapy

Dr Asim allowed to undergo hydrotherapy

An accountability court here on Wednesday allowed Pakistan People's Party leader Dr Asim Hussain to visit his hospital for hydro-therapy. He will visit the Ziauddin Hospital, which he owns, for the therapy. The facility is not available in all hospitals o
Published 17 Nov, 2016 12:00am
Release of Aafia: US refuses to answer letter, SHC told

Release of Aafia: US refuses to answer letter, SHC told

The United States has refused to respond to a Pakistani government letter requesting the release of Aafia Siddiqi, now imprisoned in US jail. This was stated by the Deputy Attorney General in the Sindh High Court on Wednesday while hearing a petition to b
Published 17 Nov, 2016 12:00am
Ghee price in Punjab: notification termed illegal

Ghee price in Punjab: notification termed illegal

Vice President of Korangi Association of Trade & Industry (KATI) Umer Rehan has urged the Punjab government to withdraw the notification on ghee price increase. He termed the notification illegal and unconstitutional. He said that due to an increase in gh
Published 17 Nov, 2016 12:00am
Around 0.55 million IT returns filed so far

Around 0.55 million IT returns filed so far

Although the date of e-filing of income tax returns has been extended till November 30, 2016, the Federal Board of Revenue (FBR) is unable to receive not more than 80 per cent of its target of 1.2 million returns till the date; tax experts said here on We
Published 17 Nov, 2016 12:00am
Oil eases in volatile trade as US crude build faces Opec freeze hopes

Oil eases in volatile trade as US crude build faces Opec freeze hopes

Oil prices eased in volatile trading on Wednesday as the market gave more weight to a bigger-than-expected US crude inventory build than Russia's comments about a possible meeting with Saudi Arabia that renewed hopes for a production freeze deal.
Published 17 Nov, 2016 12:00am
US MIDDAY: gold eases
Currency

US MIDDAY: gold eases

Gold eased on Wednesday as the dollar climbed to a 14-year high against a currency basket, extending a week-long rally driven by a surge in Treasury yields after Donald Trump's election to the US presidency. The metal has shed more than $100 an ounce from
Published 17 Nov, 2016 12:00am
Soyabeans retreat

Soyabeans retreat

US soyabean futures fell on Wednesday as traders turned their attention to rising inventories from a record-large harvest and mostly favourable crop weather in South America, analysts said. Corn futures drifted lower in lacklustre trade while wheat was ch
Published 17 Nov, 2016 12:00am
Gold slips in Europe
Currency

Gold slips in Europe

Gold eased on Wednesday as the dollar climbed to a 14-year high against a currency basket, extending a week-long rally driven by a surge in Treasury yields after Donald Trump's election to the US presidency. The metal has shed more than $100 an ounce from
Published 17 Nov, 2016 12:00am
Gold holds gains in Asia

Gold holds gains in Asia

Gold prices on Wednesday held gains made in the previous session as the US dollar weakened, but lacked impetus to push higher on increased odds of an interest rate hike by the Federal Reserve. Spot gold was up 0.14 percent at $1,229.36 an ounce at 0610 GM
Published 17 Nov, 2016 12:00am
Gold rebounds in New York

Gold rebounds in New York

Gold edged higher on Tuesday, snapping a three-session losing streak, on uncertainty over the economic policies of US President-elect Donald Trump. Trump has vowed to boost domestic spending, which has the potential to stoke inflation and dent demand for
Published 17 Nov, 2016 12:00am
Sugar slides to two-month low, cocoa rises
Currency

Sugar slides to two-month low, cocoa rises

Raw sugar futures fell sharply to a two-month low on Wednesday, pressured by bearish options dealings and heavy chart-based selling while the market digested a large delivery against the whites contract. Cocoa futures turned higher, with the London market
Published 17 Nov, 2016 12:00am
Palm oil tracks rival oils to post first gains in three sessions
Currency

Palm oil tracks rival oils to post first gains in three sessions

Malaysian palm oil futures rose for the first time in three sessions on Wednesday after tracking rival oils as they climbed on the Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange. Benchmark palm oil futures for February on the Bursa Ma
Published 17 Nov, 2016 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures hit a near 16-month high on Wednesday, extending gains on a weaker yen and firmer crude oil prices. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have also got support
Published 17 Nov, 2016 12:00am
Copper, zinc pushed lower by strong dollar, China worries
Currency

Copper, zinc pushed lower by strong dollar, China worries

Copper, zinc and other base metals headed lower on Wednesday, pressured by a strong dollar, losses in steel-related products and the unwinding by speculators of very long positions after a blistering rally last week. Benchmark copper on the London Metal E
Published 17 Nov, 2016 12:00am
Shanghai copper dips

Shanghai copper dips

The most-traded copper contract on the Shanghai Futures Exchange closed 0.8 percent lower at 44,580 yuan a tonne on Wednesday, easing after hitting its highest in over a year last week, with investors awaiting details of US President-elect Donald Trump's
Published 17 Nov, 2016 12:00am
Cotton rises 1.5 percent as China crop concerns sparks buying
Cotton

Cotton rises 1.5 percent as China crop concerns sparks buying

Cotton futures rose for the second straight session on Tuesday, climbing over 1.5 percent with buying in China triggered by concerns about crop damage due to bad weather there. "The market found strength from early morning Chinese buying," said Rogers Var
Published 17 Nov, 2016 12:00am
Eurozone chief rules out 'impossible' UK Brexit plans

Eurozone chief rules out 'impossible' UK Brexit plans

Eurogroup chief Jeroen Dijsselbloem has dismissed as "intellectually impossible" the notion that Britain could retain unfettered access to the European single market while also cutting down on EU immigration. Dijsselbloem also warned on Wednesday that neg
Published 17 Nov, 2016 12:00am
Terrorism deaths fall in 2015: annual global index

Terrorism deaths fall in 2015: annual global index

Terrorism deaths fell last year thanks to a weakening of the Islamic State group in Iraq and Boko Haram in Nigeria, but both groups expanded their geographic reach, a new index revealed Wednesday. Some 29,376 people died from terrorism in 2015, down 3,389
Published 17 Nov, 2016 12:00am
Syria regime bombs rebels as Aleppo food aid runs out

Syria regime bombs rebels as Aleppo food aid runs out

Syrian government and Russian warplanes pounded rebel-held parts of northern Syria Wednesday, including battered second city Aleppo, where food aid rations were all-but-exhausted after months of regime siege. The renewed bombardment has killed at least 32
Published 17 Nov, 2016 12:00am
Expanding BBC to launch news service for North Koreans

Expanding BBC to launch news service for North Koreans

The BBC will launch a radio and online news service for audiences in North Korea as it seeks to expand its global reach to 500 million people by 2022, the British broadcaster said Wednesday. The ambitious plan will see the BBC create radio programmes as w
Published 17 Nov, 2016 12:00am
EU plans five-euro security check for visitors

EU plans five-euro security check for visitors

The EU unveiled plans Wednesday to charge travellers five euros ($5.30) for security checks to get visa-free travel to Europe's borderless Schengen area, and confirmed the fee would apply to post-Brexit Britain. The proposal is based on a US system and wi
Published 17 Nov, 2016 12:00am
Clashes in Palestinian city kill woman

Clashes in Palestinian city kill woman

Clashes between Palestinian security forces and gunmen erupted in the West Bank city of Nablus on Wednesday, killing a woman, medics said, as concern grows over intra-Palestinian violence. The 39-year-old was said to have been killed in the old city of Na
Published 17 Nov, 2016 12:00am
Russia in new blow to ICC as court urges nations 'Don't go'

Russia in new blow to ICC as court urges nations 'Don't go'

Russia dealt the International Criminal Court a fresh blow Wednesday as the court's top officials urged nations to support the tribunal hit by a wave of unprecedented defections. Moscow has never ratified the world's only permanent war crimes court, but i
Published 17 Nov, 2016 12:00am
Suicide bomber kills six in Kabul

Suicide bomber kills six in Kabul

A suicide bomber on foot struck a government vehicle in Kabul Wednesday, killing at least six people and wounding 10 others, officials said, in an attack claimed by the Islamic State group. The latest bombing to hit the Afghan capital came during the morn
Published 17 Nov, 2016 12:00am
Trump denies transition in disarray

Trump denies transition in disarray

Donald Trump denied Wednesday that his White House transition is in disarray amid reports of a backstabbing purge of mainstream Republican aspirants as he puts together his new administration. In a burst of tweets, Trump also rejected as "false" a New Yor
Published 17 Nov, 2016 12:00am
US troops train in Philippines despite Duterte threat

US troops train in Philippines despite Duterte threat

Filipino and US troops began training exercises this week, the Philippines military said Wednesday, despite President Rodrigo Duterte's threats to end joint war games and kick American soldiers out of his country as he edges closer to Beijing. Duterte has
Published 17 Nov, 2016 12:00am
New Zealand draw on McCullum heroics for Pakistan clash

New Zealand draw on McCullum heroics for Pakistan clash

Pakistan and New Zealand both claimed the high ground on the eve of Thursday's first Test in Christchurch, with the Black Caps drawing inspiration from Brendon McCullum's classic farewell innings. Just days after a 7.8-magnitude earthquake rattled the cit
Published 17 Nov, 2016 12:00am