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Archive - 2016-11-25
Lufthansa offers pilots new deal to end strike
Europe

Lufthansa offers pilots new deal to end strike

BERLIN: Germany's flagship carrier Lufthansa on Friday offered pilots a new wage deal to end a crippling three-day strike that has led to mass flight cancellations affecting over 300,000 passengers.
Published 25 Nov, 2016 09:19pm
RugbyU: We'll have to be at our best, says Moore
Sports

RugbyU: We'll have to be at our best, says Moore

DUBLIN: Australia captain Stephen Moore says his side will have to be on their best form to beat Ireland on Saturday and keep their hopes alive of emulating the 1984 team and record a Grand Slam over the Home Nations.
Published 25 Nov, 2016 08:15pm
West Africa Crude-Indian tender awarded, spot trade muted
Energy

West Africa Crude-Indian tender awarded, spot trade muted

LONDON: Leading OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC producers to discuss limiting supply, OPEC sources said, because it wants to focus first on reaching consensus within the organisat
Published 25 Nov, 2016 08:11pm
Yields rise, bonds on track for worst month since Jan 2009
Financial

Yields rise, bonds on track for worst month since Jan 2009

NEW YORK: US Treasury yields rose on Friday and two-year yields hit 6-1/2-year highs overnight as investors evaluated how much further the selloff sparked by the surprise election of Republican Donald Trump as US president has to run.
Published 25 Nov, 2016 08:10pm
President hosts farewell dinner for Gen. Raheel Sharif, lauds his services
Pakistan Top News

President hosts farewell dinner for Gen. Raheel Sharif, lauds his services

ISLAMABAD: President Mamnoon Hussain Friday said that Pakistan Army under the leadership of General Raheel Sharif, in coordination with all state institutions, courageously confronted the internal and external challenges faced by the country during the la
Published 25 Nov, 2016 08:03pm
Figure Skating: Hanyu, Pogorilaya lead NHK Trophy
Sports

Figure Skating: Hanyu, Pogorilaya lead NHK Trophy

TOKYO: Reigning Olympic champion Yuzuru Hanyu and World bronze medallist Anna Pogorilaya of Russia took the early lead in the short programme at the NHK Trophy as they campaigned to qualify for this year's Grand Prix Final of figure skating.
Published 25 Nov, 2016 07:41pm
More than 30 dead as trains collide in Iran
Middle East

More than 30 dead as trains collide in Iran

TEHRAN: Two trains collided and caught fire Friday in a remote region of northern Iran, killing more than 30 people and injuring dozens more, in one of the country's worst rail disasters.
Published 25 Nov, 2016 07:40pm
Syria army advances in rebel-held east Aleppo
Middle East

Syria army advances in rebel-held east Aleppo

ALEPPO: The Syrian army Friday advanced in Aleppo after pounding the city's rebel-held east with air strikes and shelling that killed dozens, adding to the despair of more than 250,000 civilians under siege.
Published 25 Nov, 2016 07:36pm
Putin hands action star Seagal Russian passport
Europe

Putin hands action star Seagal Russian passport

MOSCOW: President Vladimir Putin on Friday personally handed a new Russian passport to US action star Steven Seagal and said he hoped the gesture showed a "normalisation" of strained relations with Washington.
Published 25 Nov, 2016 07:30pm
Hurricane kills 4 in Costa Rica
North America

Hurricane kills 4 in Costa Rica

SAN JOS: A hurricane that churned its way through Nicaragua and Costa Rica before exiting into the Pacific on Friday killed at least four people and caused millions of dollars of damage, officials said.
Published 25 Nov, 2016 07:28pm
Russian Premier League table
Football

Russian Premier League table

MOSCOW: Russian Premier League table after Friday's match (played, won, drawn, lost, goals for, goals against, point
Published 25 Nov, 2016 07:27pm
Pochettino primes Spurs for Chelsea battle
Football

Pochettino primes Spurs for Chelsea battle

LONDON: Tottenham Hotspur manager Mauricio Pochettino believes Saturday's trip to in-form Premier League leaders Chelsea represents an ideal opportunity for his side to relaunch their season.
Published 25 Nov, 2016 07:26pm
European stocks limp into weekend
Financial

European stocks limp into weekend

LONDON: European stock markets drifted higher Friday, as Tokyo again pushed higher thanks to a weaker yen while Wall Street pushed higher after Thanksgiving.
Published 25 Nov, 2016 07:22pm
Erdogan, Putin in Syria talks after Turkish soldiers killed
Europe

Erdogan, Putin in Syria talks after Turkish soldiers killed

ISTANBUL: Turkish President Recep Tayyip Erdogan discussed the Syrian conflict with his Russian counterpart Vladimir Putin by phone Friday after the Turkish army accused Moscow ally Damascus of killing its soldiers in northern Syria.
Published 25 Nov, 2016 07:22pm
ECB to keep easy policy as inflation still far from target
World

ECB to keep easy policy as inflation still far from target

FRANKFURT: The European Central Bank is still far from its inflation target and will keep an accommodative policy even after the recent uptick in bond yields and inflation, ECB rate setter Yannis Stournaras said in a Bloomberg TV interview on Friday.
Published 25 Nov, 2016 05:55pm
IDEAS-2018 to be held from Nov. 27
Front Top News

IDEAS-2018 to be held from Nov. 27

KARACHI: The 10th International Defence Exhibition IDEAS-2018 will be held from November 27 to 30 at Karachi Expo Centre.
Published 25 Nov, 2016 05:46pm
Six SC benches, larger benches formed
General News

Six SC benches, larger benches formed

ISLAMABAD: Chief Justice Anwar Zaheer Jamali on Friday constituted six benches and two larger benches at the principal seat to hear some important cases during the week starting on Monday (November 28).
Published 25 Nov, 2016 05:42pm
PM, Gurbanguly discuss bilateral issues
Front Top News

PM, Gurbanguly discuss bilateral issues

ASHGABAT: Prime Minister Muhammad Nawaz Sharif and Turkmenistan's President Gurbanguly Berdimuhamedov met here Friday and discussed matters of bilateral interests.
Published 25 Nov, 2016 05:42pm
Ahsan Iqbal stresses research on knowledge economy
Front Top News

Ahsan Iqbal stresses research on knowledge economy

LAHORE: Federal Minister for Planning Development and Reforms Prof Ahsan Iqbal Friday said the government was attaching high significance to the knowledge economy and it was high time to replace our traditional teaching style with interactive teaching sty
Published 25 Nov, 2016 05:40pm
Brazil real slumps on potential Temer investigation
World

Brazil real slumps on potential Temer investigation

SAO PAULO: The Brazilian real slumped in early Friday trading on concerns that a potential investigation into whether President Michel Temer pressured an ex-minister to allegedly favour a cabinet colleague's property investment could derail a fiscal a
Published 25 Nov, 2016 05:35pm
Sri Lankan rupee falls on importer dollar demand
Financial

Sri Lankan rupee falls on importer dollar demand

COLOMBO: The Sri Lankan rupee ended weaker on Friday due to dollar demand from importers who fear the economic policies of US President-elect Donald Trump could lead to a rise in the greenback and interest rates.
Published 25 Nov, 2016 05:28pm
Brazil's Temer plans to remove minister at centre of new scandal
World

Brazil's Temer plans to remove minister at centre of new scandal

BRASILIA: Brazil's President Michel Temer is planning to remove from office his minister in charge of relations with Congress, Geddel Vieira Lima, after accusations he pressured another minister to favor a property investment, a presidential aide said
Published 25 Nov, 2016 05:23pm
Oil down on strong dollar, OPEC uncertainty
Energy

Oil down on strong dollar, OPEC uncertainty

LONDON: Oil prices slid on Friday, dragged by a strong dollar and uncertainty over whether OPEC will agree to cut production at the group's meeting next week, but benchmark contracts were on track to close the week with gains close to 4 percent.
Published 25 Nov, 2016 05:14pm
Uganda cocoa output to rise 15pc in three years
Commodities

Uganda cocoa output to rise 15pc in three years

KAMPALA: Uganda's cocoa production is likely to increase by 15 percent over the next three years, boosted by additional maturing trees in the country's western region, a leading industry executive said on Friday.
Published 25 Nov, 2016 04:59pm
Sterling heads for best run of gains vs euro since early 2015
Financial

Sterling heads for best run of gains vs euro since early 2015

LONDON: Sterling steadied on Friday, on track for its best run of weekly gains against the euro since early 2015, with investors switching their primary focus from the political risks facing Britain as it exits the EU towards those facing the euro zone.
Published 25 Nov, 2016 04:58pm
Schaeuble to push G20 for structural reforms to prevent crisis
Europe

Schaeuble to push G20 for structural reforms to prevent crisis

BERLIN: Germany will push for reforms to make the world's biggest economies more competitive and protect against future crises when it takes the helm of the G20, Finance Minister Wolfgang Schaeuble said on Friday, dimming hopes of fiscal stimulus to b
Published 25 Nov, 2016 04:16pm
Soccer-Conte wants to avoid repeat of Tottenham feuds
Football

Soccer-Conte wants to avoid repeat of Tottenham feuds

LONDON: Chelsea manager Antonio Conte has called on his players not to be drawn into the sort of feuds that marred last season's dramatic home game against London rivals Tottenham Hotspur when the teams meet at Stamford Bridge on Saturday.
Published 25 Nov, 2016 02:04pm
Last day of IDEAS Exhibition 2016
Front Top News

Last day of IDEAS Exhibition 2016

KARACHI: Today last day of 9TH International Defence Exhibition and Seminar (IDEAS) 2016 exhibition is a combined effort of Pakistan armed forces and Government of Pakistan for self-dependence by growing the local defence production industry instead of lo
Published 25 Nov, 2016 12:08pm
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Wednesday having 42974.
Published 25 Nov, 2016 11:50am
NBP, JS Bank Limited sign cash management agreement
Top News

NBP, JS Bank Limited sign cash management agreement

ISLAMABAD: National Bank of Pakistan (NBP) would facilitate customers of JS Bank at designated NBP branches across Pakistan to further facilitate the customers, under a Cash Management Agreement with JS Bank Limited that was recently signed between the tw
Published 25 Nov, 2016 11:10am
Market rates of bullion in Lahore
Markets

Market rates of bullion in Lahore

LAHORE: Following bullion rates were received from markets here on Friday 2016:%DULLION (PER 10 GRAM)%D%A=====================%D%AGOLD TEZABI-24 CT------42695.
Published 25 Nov, 2016 10:59am
COAS pays tributes to shuhda
General News

COAS pays tributes to shuhda

ISLAMABAD: In his farewell visits, Chief of Army Staff (COAS) General Raheel Sharif on Friday addressed officers and men of 10 Corps at Chaklala Garrison.
Published 25 Nov, 2016 10:45am
US Ambassador calls on COAS
Pakistan Top News

US Ambassador calls on COAS

ISLAMABAD: Chief of Army Staff (COAS) General Raheel Sharif on Friday was called on by US Ambassador in Pakistan, David Hale.
Published 25 Nov, 2016 10:44am
Hong Kong stocks end week with gains
Financial

Hong Kong stocks end week with gains

HONG KONG: Hong Kong shares ended the week with healthy gains on Friday, wiping out the previous day's losses and tracking a rally across Asian markets.
Published 25 Nov, 2016 10:16am
European stocks rise at open
Financial

European stocks rise at open

LONDON: Europe's main stock markets rose slightly at the start of trading on Friday, with London's benchmark FTSE 100 index up 0.
Published 25 Nov, 2016 10:10am
Wasim Akram to train Sri Lankan bowlers
Cricket

Wasim Akram to train Sri Lankan bowlers

Pakistan sultan of swing the legendry Wasim Akram would now offer his services to the Sri Lankan fast bowlers, as the former Pakistan captain will be on a brief tour to the island nations later this month to help Sri Lankan players improve their balling s
Published 25 Nov, 2016 09:52am
India fanning terrorism in Pakistan to sabotage CPEC: Asif
Pakistan Top News

India fanning terrorism in Pakistan to sabotage CPEC: Asif

ISLAMABAD: Minister for Defence Khawaja Asif Friday said that India was fanning terrorism in Pakistan to sabotage China Pakistan Economic Corridor (CPEC) "but we would foil its nefarious designs.
Published 25 Nov, 2016 08:49am
100,000 passengers hit on third day of Lufthansa strike
Industry

100,000 passengers hit on third day of Lufthansa strike

BERLIN: Germany's flagship airline Lufthansa said 830 domestic and European flights were being scrapped on Friday, affecting more than than 100,000 passengers, on the third day of a strike by pilots demanding higher pay.
Published 25 Nov, 2016 08:48am
CM Murad meets Zardari in Dubai
General News

CM Murad meets Zardari in Dubai

Pakistan People's Party (PPP) Co-Chairman Asif Ali Zardari on Friday held a meeting with Sindh Chief Minister (CM) Murad Ali Shah in Dubai.
Published 25 Nov, 2016 08:22am
How do Cigarette companies target children in Pakistan?
Arts

How do Cigarette companies target children in Pakistan?

RECORDER REPORT%D%A%D%AISLAMABAD: A national survey conducted by TheNetwork for Consumer Protection on Thursday revealed that the multinational cigarette manufacturing companies are systematically targeting children as young as six-year-old by using aggre
Published 25 Nov, 2016 08:21am
Pak versus NZ: Pakistan fails to exploit yet again
Cricket

Pak versus NZ: Pakistan fails to exploit yet again

The first Day of the second Test match between Pakistan and New Zealand at Hamilton was marred by rain, as the game was stopped after only 21 overs with the hosts managed to score 77 runs at the loss of 2 wickets, before the day was washed out by rain.
Published 25 Nov, 2016 08:10am
Vietnam axes $538mn oil refinery project due to delays
Energy

Vietnam axes $538mn oil refinery project due to delays

HANOI: Vietnam has decided to scrap a $538-million oil refinery project in the country's southern region after investors failed to start construction around eight years after they received the licence, a provincial government official said on Friday.
Published 25 Nov, 2016 07:44am
COAS warns India, says army morale up
Front Top News

COAS warns India, says army morale up

MONITORING DESK%D%AKARACHI: Chief of Army Staff (CoAS) General Raheel Sharif on Thursday termed India's so-called 'surgical strike' a 'farce'.
Published 25 Nov, 2016 07:44am
India may impose curbs on domestic gold holdings
Commodities

India may impose curbs on domestic gold holdings

NEW DELHI: The Indian government may impose curbs on domestic holdings of gold as Prime Minister Narendra Modi intensifies a fight against "black money", news agency NewsRise reported, citing an unnamed finance ministry official.
Published 25 Nov, 2016 07:27am
Saudi Aramco to supply more oil to Asia in January
Energy

Saudi Aramco to supply more oil to Asia in January

SINGAPORE: State oil giant Saudi Aramco has agreed to supply some customers in Asia with incremental crude that will load in January, as it holds to a strategy of maintaining market share, three sources with knowledge of the matter said on Friday.
Published 25 Nov, 2016 07:08am
Tokyo stocks close at 11-month high
Financial

Tokyo stocks close at 11-month high

TOKYO: Tokyo's benchmark index closed at an 11-month high Friday, notching up the year's longest winning streak as a sharp drop in the yen boosts the outlook for exporters.
Published 25 Nov, 2016 07:06am
Mourinho sets Rooney Europa League goal
Football

Mourinho sets Rooney Europa League goal

MANCHESTER: Manchester United manager Jose Mourinho challenged Wayne Rooney to lead the club to Europa League glory after the England captain broke United's European scoring record against Feyenoord.
Published 25 Nov, 2016 07:01am
PM leaves for two-day Turkmenistan visit
Front Top News

PM leaves for two-day Turkmenistan visit

ISLAMABAD: Prime Minister of Pakistan Nawaz Sharif will leave on Friday (today) for two-day state visit to Turkmenistan on the invitation of President Gurbanguly Berdimuhamedov.
Published 25 Nov, 2016 06:59am
Hong Kong stocks edge up in morning
Financial

Hong Kong stocks edge up in morning

HONG KONG: Hong Kong stocks rose on Friday morning, recovering the previous day's losses and tracking gains across most of Asia's other markets.
Published 25 Nov, 2016 06:54am
China power plant collapse toll rises to 74
Asia

China power plant collapse toll rises to 74

SHANGHAI: The death toll from a collapse at a power station under construction in China has risen to 74, state media said Friday, as web users expressed outrage over the country's latest industrial accident.
Published 25 Nov, 2016 06:51am
Khawaja, Smith take fight to South Africa
Cricket

Khawaja, Smith take fight to South Africa

ADELAIDE: Usman Khawaja and captain Steve Smith led the charge for Australia after the loss of two early wickets on the second day of the day-night third Test against South Africa on Friday.
Published 25 Nov, 2016 06:49am
UN Secretary-General expresses concern over LoC situation
Front Top News

UN Secretary-General expresses concern over LoC situation

NEW YORK: United Nation (UN) Secretary-General Ban Ki-moon has expressed serious concern over the worsening situation in the disputed region, and urged India and Pakistan to work towards sustainable peace.
Published 25 Nov, 2016 06:36am
SBP report laid before Senate
Top News

SBP report laid before Senate

RECORDER REPORT%D%AISLAMABAD: The government on Thursday laid Annual Report 2015-16 (State of the Economy) of Central Board of Directors of State Bank of Pakistan before the Senate, as required under section 9A (f) of SBP Act, 1956.
Published 25 Nov, 2016 06:13am
Shanghai copper soars

Shanghai copper soars

Shanghai Futures Exchange copper soared 5.4 percent to finish at 48,210 yuan ($6,967) a tonne on Thursday as investors poured funds into metals in expectation of inflation in China and the United States, and on signs of growing strength in the US manufact
Published 25 Nov, 2016 12:00am
Cotton down ahead of holiday amid stronger dollar
Currency

Cotton down ahead of holiday amid stronger dollar

Cotton futures touched their lowest in nearly a week on Wednesday in cautious trading ahead of the Thanksgiving holiday in the United States, amid a stronger dollar. "The market isn't moving much today; pretty quiet pre-holiday trading," said Rogers Varne
Published 25 Nov, 2016 12:00am
Real estate sector

Real estate sector

The National Assembly Standing Committee on Finance approved the grant of a one-time amnesty for the real estate sector in spite of opposition by the country's tax collecting entity, the Federal Board of Revenue (FBR). It is unfortunate that no tax amnest
Published 25 Nov, 2016 12:00am
IDEAS-2016

IDEAS-2016

Prime Minister Nawaz Sharif inaugurated the annual International Defence Exhibition and Seminar (IDEAS) in Karachi on November 22. Speaking to a distinguished audience, including high civil and military leaders, foreign dignitaries and representatives of
Published 25 Nov, 2016 12:00am
Betraying people & democracy?

Betraying people & democracy?

Today prominent members of the cabinet as well as Punjab cabinet ministers are not only using the state's resources (our tax money) and time on defending the Prime Minister and his three children in legal matters that are entirely of a personal nature rat
Published 25 Nov, 2016 12:00am
America in transition

America in transition

Restoring America's "greatness" struck a chord among Americans, nonetheless thousands came out in protest against what my good friend Frank Neuman had confidently and correctly predicted, a stunning victory for Trump. While protestors shut down highways a
Published 25 Nov, 2016 12:00am
Desert industrial city points to Saudi economic future

Desert industrial city points to Saudi economic future

In the desert, far from the skyscrapers and busy streets of its big cities, oil-dependent Saudi Arabia is looking to build its future on two other natural resources. Phosphate minerals, used to produce fertiliser, and bauxite, the chief ore in making alum
Published 25 Nov, 2016 12:00am
Moeen Qureshi and Humayun Mirza

Moeen Qureshi and Humayun Mirza

This is apropos a Business Recorder news item "Former caretaker PM Moeen Qureshi passes away in US" carried by the newspaper yesterday. According to it, former caretaker Prime Minister Moeen Qureshi died in the United States on Tuesday at the age o
Published 25 Nov, 2016 12:00am
SPFC, SCCI discuss ways to promote sustainable forestry

SPFC, SCCI discuss ways to promote sustainable forestry

The officials of the South Punjab Forest Company (SPFC) met Majid Raza Bhutta, President, Sialkot Chamber of Commerce and Industry (SCCI), to explore avenues for promoting sustainable forestry investments in Sialkot. The delegation of SPFC was represented
Published 25 Nov, 2016 12:00am
ICAP holds meeting of corporate sector's professionals

ICAP holds meeting of corporate sector's professionals

The Institute of Chartered Accountants of Pakistan (ICAP) arranged an exclusive meet with the leading professionals of the corporate sector at a local hotel. President ICAP, Nadeem Yousaf Adil was the Chief guest on the occasion. The event was largely att
Published 25 Nov, 2016 12:00am
Government hasn't taken concrete steps towards boosting exports: PEW

Government hasn't taken concrete steps towards boosting exports: PEW

President Pakistan Economy Watch (PEW), Dr Murtaza Mughal on Thursday said, "The government seems concerned about falling exports but it hasn't taken any concrete steps in the right direction." "The export sector has been relaying on government's aid sinc
Published 25 Nov, 2016 12:00am
Agreement signed to strengthen field staff-growers linkages

Agreement signed to strengthen field staff-growers linkages

The Punjab Agriculture Department, Extension Wing has entered into an agreement worth Rs 170 million with an IT firm (LMKT) to develop computer applications, website, call centers, data center and computer networking under the project 'Extension Services
Published 25 Nov, 2016 12:00am
Stage actress killed

Stage actress killed

A popular stage actress Kismat Baig died in a local hospital late night on Thursday after receiving several bullet injuries. As per details, Kismat was leaving for home along with her secretary Ali, 32, after a stage performance early in the morning when
Published 25 Nov, 2016 12:00am
JI chief calls for ruthless accountability

JI chief calls for ruthless accountability

Jamaat Islami Pakistan Amir Senator Sirajul Haq has demanded ruthless accountability for all with the beginning from Prime Minister Mian Nawaz Sharif than PPP and General Pervez Musharraf (Rtd) and he also presented himself for accountability. Addressing
Published 25 Nov, 2016 12:00am
NBP, JS Bank sign Cash Management Agreement

NBP, JS Bank sign Cash Management Agreement

National Bank of Pakistan and JS Bank Limited recently signed a Cash Management Agreement. Under the arrangements, NBP will facilitate customers of JS Bank at designated NBP branches across Pakistan. NBP has over 1,400 branches nation-wide with unmatched
Published 25 Nov, 2016 12:00am
NAB asked to submit reply on Sharmila's plea

NAB asked to submit reply on Sharmila's plea

The Sindh High Court (SHC) has directed the National Accountability Bureau (NAB) to submit replies on a petition field by Sharmila Farooqui, the former special assistant to CM Sindh, by December 8. A division bench headed by Justice Naimatullah Phulpoto h
Published 25 Nov, 2016 12:00am
Memon assumes charge of CS Sindh

Memon assumes charge of CS Sindh

Senior officer of Pakistan Administrative Service (PAS) Rizwan Memon assumed the office of the Chief Secretary Sindh on Thursday. He is the 55th Chief Secretary since 1936-37, when the Sindh Province came into being. Since the abolition of One Unit on 1st
Published 25 Nov, 2016 12:00am
Democracy facing multiple challenges: Rabbani

Democracy facing multiple challenges: Rabbani

Chairman Senate Raza Rabbani has said that democracy is facing multiple challenges such as civil-military relationship and parliament-executive relationship. He was addressing a hot topic seminar titled "Democracies in Transition, and the Challenges they
Published 25 Nov, 2016 12:00am
Pakistani women to be helped to obtain leadership positions

Pakistani women to be helped to obtain leadership positions

The Australian High Commissioner, Margaret Adamson on Thursday launched the Australia Awards Women in Leadership Network to support Pakistani women in leadership roles. The network will engage women alumni of the Australia Awards scholarship program in Pa
Published 25 Nov, 2016 12:00am
'Nepra trying to promote competition-based market'

'Nepra trying to promote competition-based market'

National Electric Power Regulatory Authority (NEPRA) is trying to promote a competition base electricity market in Pakistan enabling consumers to purchase electricity from the company of their own choice, said Director Consumer's Affairs Engineer Imtiaz H
Published 25 Nov, 2016 12:00am
Social media marketing: SMEDA, WCCI organize workshop

Social media marketing: SMEDA, WCCI organize workshop

The Small and Medium Enterprises Development Authority (SMEDA) in collaboration with the Women Chamber of Commerce and Industry (WCCI) has organised a training workshop on social media marketing to mark 'Global Entrepreneurship Week' on Thursday.
Published 25 Nov, 2016 12:00am
Norway more interested in investment than trade: envoy

Norway more interested in investment than trade: envoy

Ambassador of Norway, Tore Nedrebo on Thursday said that his country was more interested in investment than trade in Pakistan as it was an important market of South Asian region. He said Norway is the 2nd largest investor in telecommunication field in Pak
Published 25 Nov, 2016 12:00am
ATC does not allow reconciliation, observes LHC

ATC does not allow reconciliation, observes LHC

The Lahore High Court (LHC) Thursday observed that the Anti Terrorism Act does not allow reconciliation among the parties and matter should be decided on merit. The court adjourned the proceedings to December 13 in an appeal of the prosecution challenging
Published 25 Nov, 2016 12:00am
UNODC holds public-private partnership moot

UNODC holds public-private partnership moot

The United Nations Office on Drugs and Crime (UNODC) on Thursday arranged the first-ever public private conference on human trafficking and migrant smuggling. According to a press release, the conference has been arranged in collaboration with the Federal
Published 25 Nov, 2016 12:00am
GST calculation Zones to determine highest retail price of fertiliser

GST calculation Zones to determine highest retail price of fertiliser

The Federal Board of Revenue (FBR) is planning to divide Pakistan into zones for determination of the highest retail price of fertiliser sold in retail packing for accurate calculation of sales tax. Sources told Business Recorder here on Thursday t
Published 25 Nov, 2016 12:00am
GST calculation Zones to determine highest retail price of fertiliser

GST calculation Zones to determine highest retail price of fertiliser

The Federal Board of Revenue (FBR) is planning to divide Pakistan into zones for determination of the highest retail price of fertiliser sold in retail packing for accurate calculation of sales tax. Sources told Business Recorder here on Thursday t
Published 25 Nov, 2016 12:00am
Japan contributes around Rs 13 billion to various projects

Japan contributes around Rs 13 billion to various projects

The annual Japanese assistance to Pakistan in 2015 was approximately Rs 13 billion to development of social sector, Takashi Harada, Economic Counsellor of the Embassy of Japan said this during a media tour. The Embassy of Japan on Thursday organised one d
Published 25 Nov, 2016 12:00am
ADB approves $200 million loan to strengthen DRM

ADB approves $200 million loan to strengthen DRM

The Asian Development Bank (ADB) has approved a $200 million loan to strengthen Pakistan's disaster risk management (DRM including support to the National Disaster Risk Management Fund (NDRMF) to reduce the country's vulnerability to disasters from natura
Published 25 Nov, 2016 12:00am
FATA should be made part of KP before 2018 elections: Hoti

FATA should be made part of KP before 2018 elections: Hoti

Awami National Party (ANP) provincial president Ameer Haidar Khan Hoti has demanded that Federally Administrated Tribal Areas (Fata) should be made part of KP before the 2018 elections. ANP leader also stressed that there was an urgent need to conduct con
Published 25 Nov, 2016 12:00am
PACP introduces research scholarships scheme

PACP introduces research scholarships scheme

Punjab AIDS Control Programme (PACP) is successfully contributing its part in improving public health by enhancing diagnostic facilities for different infections along with the HIV. The PACP has taken a lead by introducing PACP Research Scholarships Schem
Published 25 Nov, 2016 12:00am
Nepra approves Rs 2.61/unit refund

Nepra approves Rs 2.61/unit refund

National Electric Power Regulatory Authority (Nepra) on Thursday approved refund of Rs 2.61 per unit for consumers for October 2016 overcharged by the power Distribution Companies (Discos) under monthly fuel adjustment mechanism. Agriculture consumers and
Published 25 Nov, 2016 12:00am
Indian aggression: silence of PML-N government a criminal act: Khursheed

Indian aggression: silence of PML-N government a criminal act: Khursheed

The Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah has said that silence of Pakistan Muslim League-Nawaz (PML-N) government over Indian aggression along Line of Control (LoC) is a criminal act. Syed Khursheed Ahmed Shah expressed
Published 25 Nov, 2016 12:00am
Poultry dealers stage protest against district admin for crackdown

Poultry dealers stage protest against district admin for crackdown

Poultry dealers here on Thursday held a protest demonstration against the district administration for the arrest of their colleagues. The protesters led by Mutahidda Poultry Association president Niaz Gul and general secretary Hazrat Gul carrying placards
Published 25 Nov, 2016 12:00am
Kinnow export to Indonesia doubled

Kinnow export to Indonesia doubled

As a result of Commerce Minister's visit to Jakarta and the subsequent review of Preferential Trade Agreement(PTA), Indonesia has doubled Pakistan's Kinnow export during the current season. Initially, import of kinnow from Pakistan was restricted in Febru
Published 25 Nov, 2016 12:00am
Parliamentary panel recommends three-fold increase in NCHD budget

Parliamentary panel recommends three-fold increase in NCHD budget

In a bid to increase literacy rate in backward areas of the country, a parliamentary panel on Thursday recommended increasing the National Commission for Human Development (NCHD) budget by three times, besides making it one-line budget. "The institution w
Published 25 Nov, 2016 12:00am
Nation, armed forces to thwart enemy's designs: Mamnoon

Nation, armed forces to thwart enemy's designs: Mamnoon

President Mamnoon Hussain on Thursday said, "The country's defence was in safe hands with the armed forces and nation fully prepared to thwart any evil designs of the enemy." Talking to Chairman Joint Chiefs of Staff Committee (CJCSC), General Rashad Mahm
Published 25 Nov, 2016 12:00am
First death anniversary of Mukhtiar observed

First death anniversary of Mukhtiar observed

The first death anniversary of Pakistan's first female fighter pilot to be killed in the line of duty Marium Mukhtiar was observed on Thursday. Marium Mukhtiar was born on 18th May 1992 in Karachi. She was the daughter of Colonel Mukhtiar Ahmed Shaikh (Re
Published 25 Nov, 2016 12:00am
Indigenously-built ETSQ Fuze unveiled at IDEAS-2016

Indigenously-built ETSQ Fuze unveiled at IDEAS-2016

Federal Minister for Defence Production Rana Tanveer Hussain unveiled The Electronic Time Super Quick (ETSQ) Fuze manufactured by Research and Development (R&D) department of Pakistan Ordnance Factory (POF) at IDEAS-2016. POF R&D department after diligent
Published 25 Nov, 2016 12:00am
Chief Kashmir Council EU arrives in Pakistan

Chief Kashmir Council EU arrives in Pakistan

Chairman Kashmir Council Europe (EU), Ali Raza Syed arrived in Islamabad on Thursday on a visit to Pakistan and Azad Kashmir. He is visiting Pakistan at the time when most recently Kashmir Council EU held hallmark event of 'Kashmir-EU Week' at European Pa
Published 25 Nov, 2016 12:00am
Kora Khan Trust SC seeks report about pending cases

Kora Khan Trust SC seeks report about pending cases

The first-ever uneducated philanthropist of the sub-continent, Sardar Kora Khan Jatoi Baloch donated a chunk of fertile land (3,458 acres) in 1894, located in the delta of five rivers in districts Muzaffargarh, Rahimyar Khan and Rajanpur, for social welfa
Published 25 Nov, 2016 12:00am
Parents shoot at female polio worker

Parents shoot at female polio worker

A female polio worker was shot at by parents as she left their home after administrating anti-polio drops to children, in Bannu on Thursday. District Police Officer, Qasim Ali Khan said that the parents of the children shot at the polio worker as she was
Published 25 Nov, 2016 12:00am