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Archive - 2016-12-05
Cyprus tells retail brokers to end bonus schemes
Currency

Cyprus tells retail brokers to end bonus schemes

Cyprus's financial regulator CySEC issued a warning to the mass of retail currency brokers registered on the island on Wednesday over their use of bonus schemes to encourage trading in risky products and related poor treatment of clients.
Published 05 Dec, 2016 12:00am
Moroccan dirham will not plummet after gradual flotation: IMF
Currency

Moroccan dirham will not plummet after gradual flotation: IMF

The Moroccan dirham will not plummet once authorities introduce a flexible exchange rate system, the International Monetary Fund (IMF) said on Thursday. Morocco, the region's biggest energy importer, has been working with a technical mission from the IMF
Published 05 Dec, 2016 12:00am
Saudi shares up in volatile session, Dubai outperforms
Currency

Saudi shares up in volatile session, Dubai outperforms

Most stock markets in the Gulf rose on Sunday as investors cheered a rally in crude oil prices, while foreign buyers continued to support Egypt's index. Brent crude futures ended their best week in at least five years on Friday, settling at $54.46 a barre
Published 05 Dec, 2016 12:00am
China funds raise suggested equity exposure to five-month high

China funds raise suggested equity exposure to five-month high

Chinese fund managers have raised suggested equity exposure for the next three months to the highest since June as the economy shows further signs of stabilising and as restrictions on home purchases push investors back into stocks, a monthly Reuters poll
Published 05 Dec, 2016 12:00am
China funds raise suggested equity exposure to five-month high

China funds raise suggested equity exposure to five-month high

Chinese fund managers have raised suggested equity exposure for the next three months to the highest since June as the economy shows further signs of stabilising and as restrictions on home purchases push investors back into stocks, a monthly Reuters poll
Published 05 Dec, 2016 12:00am
Zimbabwe's new quasi-currency fails the smell test
Currency

Zimbabwe's new quasi-currency fails the smell test

Zimbabwe's new quasi-currency has a trust issue. That's hardly surprising for a country scarred by hyperinflation. Harare's new "bond notes" could help address its epic economic problems - but it's a big ask.
Published 05 Dec, 2016 12:00am
OPEC deal boosts Iran budget

OPEC deal boosts Iran budget

Iran's President Hassan Rouhani presented his budget Sunday, with OPEC's decision to cut production helping to boost its expected oil revenues. Rouhani's 2017-2018 budget is based on oil prices of $50 per barrel, up from $40 last year, with a focus on une
Published 05 Dec, 2016 12:00am
EU accuses China of wrecking 'green' goods deal

EU accuses China of wrecking 'green' goods deal

China has scuppered attempts by world trade heavyweights to eliminate or reduce tariffs on a list of environmentally friendly products, the European Union said on Sunday. A list of around 300 "green" products had been prepared by the US and EU to be prese
Published 05 Dec, 2016 12:00am
Philippines seeks Bangladesh help on $81 million heist

Philippines seeks Bangladesh help on $81 million heist

The Philippines has asked Bangladesh to share details of its investigation into an $81 million cyber-heist from the Bangladesh central bank after the proceeds ended up in Manila, the finance department said Sunday. The money was shifted electronically fro
Published 05 Dec, 2016 12:00am
Saudi Arabia, Kuwait expect to restart Neutral Zone oilfields soon

Saudi Arabia, Kuwait expect to restart Neutral Zone oilfields soon

Saudi Arabia and Kuwait are expected to agree this month to resume oil production from the jointly operated oilfields in the Neutral Zone that lies between both countries, industry sources told Reuters on Sunday. The closure of the Neutral Zone's fields,
Published 05 Dec, 2016 12:00am
Apple reveals autonomous vehicle ambitions

Apple reveals autonomous vehicle ambitions

Apple has revealed it is investing heavily in autonomous vehicles in a letter asking the government to make it easier to develop self-driving cars. The company is "excited about the potential of automated systems in many areas, including transportation,"
Published 05 Dec, 2016 12:00am
Brazilians take to streets against corruption

Brazilians take to streets against corruption

Brazilians took to the streets of Rio de Janeiro and other cities Sunday to defend a huge anti-corruption probe against what they said were attempts by the scandal-plagued Congress to shut it down.
Published 05 Dec, 2016 12:00am
Trump threats may not stop US offshoring of jobs

Trump threats may not stop US offshoring of jobs

President-elect Donald Trump's threats to retaliate against US companies planning to shift operations overseas constitute a new risk for multinationals, but may not sway those already planning to offshore jobs.
Published 05 Dec, 2016 12:00am
EU, IMF 'going in circles' on Greek debt relief
Currency

EU, IMF 'going in circles' on Greek debt relief

Eurozone finance ministers meet Monday as far apart as ever on the debt relief measures demanded by the International Monetary Fund for it to back their bailout programme for Greece. The IMF played a key role in two massive rescues for Greece but baulked
Published 05 Dec, 2016 12:00am
Smith record century leads Aussies to ODI win

Smith record century leads Aussies to ODI win

Steve Smith hit a record-breaking century and took two superb catches as Australia beat New Zealand by 68 runs in the Chappell-Hadlee Trophy one-day series opener in Sydney on Sunday. The Australia skipper smashed 164 off 157 balls, the highest one-day in
Published 05 Dec, 2016 12:00am
Hamburg climb off bottom with first league win

Hamburg climb off bottom with first league win

Hamburg moved off the bottom of the Bundesliga table on Sunday after securing their first league win of the season with a 2-0 victory at fellow-strugglers Darmstadt. RB Leipzig finish the weekend top of the table after their 2-1 win at home to Schalke on
Published 05 Dec, 2016 12:00am
Reds rocked as Bournemouth win thriller

Reds rocked as Bournemouth win thriller

Liverpool's title challenge suffered an unexpected setback as they squandered a 3-1 lead to lose 4-3 at Bournemouth on an astonishing day the south coast club will never forget. Jurgen Klopp's side missed out on a chance to go second in the Premier League
Published 05 Dec, 2016 12:00am
Ground-breaking US diver Lee dies

Ground-breaking US diver Lee dies

Legendary diver Sammy Lee, the first Asian American to win Olympic gold for the United States, has died of complications from pneumonia at the age of 96. Lee's son, Sammy Lee II, said Saturday that his father died peacefully in a Southern California hospi
Published 05 Dec, 2016 12:00am
Waseem says keep representing Pakistan till last breath

Waseem says keep representing Pakistan till last breath

World Boxing Council (WBC) Silver Flyweight Champion, Muhammad Waseem arrived in Quetta on Sunday amid cheers and applause. Speaking to media, Waseem said, "I am a Pakistani and I have rejected all the offers. I will only represent my country till last br
Published 05 Dec, 2016 12:00am
Tribal player selected for U-19 cricket team

Tribal player selected for U-19 cricket team

A talented cricket player from Zakha Khel tribe of Landi Kotal, Khyber Agency was selected for national cricket team Under-19 for the upcoming Sri Lanka tour. Shaheen Shah Afridi who is the left arm fast bowler and is the younger brother of prominent nati
Published 05 Dec, 2016 12:00am
Thais triumph over Myanmar with Teerasil double

Thais triumph over Myanmar with Teerasil double

Thailand thumped Myanmar 2-0 in the first leg of their Suzuki Cup semi-final on Sunday thanks to a double from star striker Teerasil Dangda. The Southeast Asian heavyweights are regional favourites in the tournament and are bidding to become the first cou
Published 05 Dec, 2016 12:00am
Sex abuse claims at 55 English clubs

Sex abuse claims at 55 English clubs

Fifty-five league and non league clubs have been referred to police in the child sex abuse scandal that has shattered English football's image a source told The Observer newspaper on Sunday. In other developments English football's embattled governing bod
Published 05 Dec, 2016 12:00am
Samar wins ICMS Ranking Women Squash title

Samar wins ICMS Ranking Women Squash title

Pakistan No. 2 and seeded one Samar Anjum of Pakistan Wapda clinched the trophy of the 7th ICMS National Ranking Women Squash Championship after defeating Pakistan No. 3 Riffat Khan, also from Wapda, in the thrilling final played here at PAF Hashim Khan S
Published 05 Dec, 2016 12:00am
New office bearers of KP Badminton Association

New office bearers of KP Badminton Association

Deputy Director FIA Peshawar Imran Shahid and Zafar Ali Khan have elected as Chairman and President KP Badminton Association respectively for the next four-year term during an election meeting held here at local hotel on Sunday.
Published 05 Dec, 2016 12:00am
Samsung Elect considers split as investor pressure builds

Samsung Elect considers split as investor pressure builds

Tech giant Samsung Electronics Co Ltd, under pressure from shareholders to improve investor returns, said on Tuesday it will consider creating a holding company in what would be the biggest shake-up in its 47-year history.
Published 05 Dec, 2016 12:00am
RBC hit by capital markets profit decline
Currency

RBC hit by capital markets profit decline

Royal Bank of Canada reported a worse-than-expected decline in fourth-quarter profits on Wednesday, reflecting lower earnings from its capital markets business and an increase in loans to oil firms turning bad.
Published 05 Dec, 2016 12:00am
Gulf Capital may sell some investments in 2017

Gulf Capital may sell some investments in 2017

Private equity firm Gulf Capital plans to sell some of its investments towards the end of 2017 and early 2018 as market sentiment and the regional economy improve, its chief executive told Reuters. Karim El Solh declined to say which stakes the Abu Dhabi-
Published 05 Dec, 2016 12:00am
Gulf Capital may sell some investments in 2017

Gulf Capital may sell some investments in 2017

Private equity firm Gulf Capital plans to sell some of its investments towards the end of 2017 and early 2018 as market sentiment and the regional economy improve, its chief executive told Reuters. Karim El Solh declined to say which stakes the Abu Dhabi-
Published 05 Dec, 2016 12:00am
Commercial Bank of Qatar launches 5-year plan to stem losses

Commercial Bank of Qatar launches 5-year plan to stem losses

Commercial Bank of Qatar will cut its exposure to the property market and lend more to the public sector as it set out a turnaround plan under its new chief executive aimed at stemming a dismal earnings run as more loans soured. The Gulf Arab state's thir
Published 05 Dec, 2016 12:00am
Glencore finalises debt plan

Glencore finalises debt plan

Commodities giant Glencore said on Thursday that it was in the process of completing a plan to reduce its towering debt and aimed to resume dividend payments next year. Glencore, which has been scrambling for more than a year to cut back its debt-load aft
Published 05 Dec, 2016 12:00am
Sales at India's auto makers plunged in November
Currency

Sales at India's auto makers plunged in November

Indian auto makers' monthly domestic sales plunged in November from the previous month as an intense cash crunch in the country brought a recent recovery in consumer demand to a screeching halt, especially in rural areas. In some of the first tangible evi
Published 05 Dec, 2016 12:00am
Saudi Aramco to almost triple chemicals output by 2030

Saudi Aramco to almost triple chemicals output by 2030

State oil company Saudi Aramco aims to almost triple its chemicals production to 34 million metric tons per year by 2030, a senior company executive said on Monday. "In chemicals, our equity capacity, across our global operations, is expected to grow from
Published 05 Dec, 2016 12:00am
Scotiabank quarterly earnings rise

Scotiabank quarterly earnings rise

Bank of Nova Scotia, Canada's third-biggest lender, reported a better-than-expected rise in fourth-quarter earnings, driven by a strong performance from its domestic and international banking businesses. Scotiabank said on Tuesday its earnings per share i
Published 05 Dec, 2016 12:00am
Tiffany posts first sales rise in eight quarters

Tiffany posts first sales rise in eight quarters

Tiffany & Co reported its first rise in sales in eight quarters as more people shopped in its stores in Japan and China, and the upscale jeweller said sales in the United States declined at their slowest quarterly pace this year. The company's shares rose
Published 05 Dec, 2016 12:00am
'One app, two systems' for China app censorship: researchers

'One app, two systems' for China app censorship: researchers

China's hugely popular social media app WeChat operates different censorship systems for Chinese- and overseas-based users, a research group found, applying the Communist country's rules to mainland-registered accounts even when their owners are abroad.
Published 05 Dec, 2016 12:00am
Dimension Data publishes IT predictions for 2017

Dimension Data publishes IT predictions for 2017

Dimension Data, the global ICT solutions and services provider on November 29 published its top IT predictions for 2017, and the focus on digital is set to remain the key trend in the industry for the next 12 months.
Published 05 Dec, 2016 12:00am
Nokia brand ready for smartphone comeback in 2017

Nokia brand ready for smartphone comeback in 2017

Nokia, once the world's top mobile phone maker, will make a comeback on the smartphone market in the first half of 2017, the company and its licensee said Thursday.
Published 05 Dec, 2016 12:00am
Facebook brings mobile games to Messenger

Facebook brings mobile games to Messenger

Facebook on Tuesday unveiled "Instant Games" allowing users of the world's biggest social network to play from its Messenger application or directly on their news feeds. The new games effort could be a step toward eventually monetizing Messenger, which no
Published 05 Dec, 2016 12:00am
Now, downloadable shows, movies on Netflix

Now, downloadable shows, movies on Netflix

Netflix subscribers can now download shows and movies to watch during a flight, when travelling by car, or for any other time when there is limited or no access to the internet.
Published 05 Dec, 2016 12:00am
Mobile use drives US holiday shopping gains

Mobile use drives US holiday shopping gains

Americans are turning to their mobile devices for deals to kick off the holiday shopping season, with retail trends increasingly upended by ever-present smartphones.
Published 05 Dec, 2016 12:00am
Magic-mushroom compound boosts cancer patients' mindset

Magic-mushroom compound boosts cancer patients' mindset

Cancer patients often experience mental anguish and stress, but a single dose of a hallucinogen found in psychedelic mushrooms, along with psychological counselling, improved their mindset, two studies said on Thursday. The approach "significantly lessens
Published 05 Dec, 2016 12:00am
Study finds no link between pregnancy flu, autism risk

Study finds no link between pregnancy flu, autism risk

Researchers found no link between influenza in pregnant women and the risk of her child developing autism after birth, a US study said on Monday. Some earlier research has pointed to maternal infections as a possible cause of the neuro-developmental disor
Published 05 Dec, 2016 12:00am
Computer games relieve phantom limb pain

Computer games relieve phantom limb pain

Amputees who played computer games using a virtual, on-screen arm, experienced relief from the phantom pain that often afflicts people who have lost a limb, scientists said on Friday. Fourteen amputees who took part in a trial reported dramatic pain reduc
Published 05 Dec, 2016 12:00am
Almost half HIV infections worldwide undetected: WHO

Almost half HIV infections worldwide undetected: WHO

The World Health Organisation warned on Tuesday that nearly half of all people with HIV around the globe do not know they are infected, and called for broader access to at-home testing kits. The UN health agency said that 40 percent of people with the vir
Published 05 Dec, 2016 12:00am
South Africa launches major new trial of AIDS vaccine

South Africa launches major new trial of AIDS vaccine

South Africa on Wednesday launched a major clinical trial of an experimental vaccine against the AIDS virus, which scientists hope could be the "final nail in the coffin" for the disease. More than 30 years of efforts to develop an effective vaccine for H
Published 05 Dec, 2016 12:00am
Tests may help spot brain damage after even mild concussions

Tests may help spot brain damage after even mild concussions

Brain scans may help identify athletes who suffer from brain damage after mild concussions, a small study of current and former professional football players suggests. Researchers examined results from what's known as positron emission tomography (PET) sc
Published 05 Dec, 2016 12:00am
From smog to fog: December arrives in Delhi

From smog to fog: December arrives in Delhi

New Delhi has just got over the worst bout of smog in years but, after an interlude of clear weather, thick fog has now descended on the Indian capital and nearby regions, hitting road, rail and air travel.
Published 05 Dec, 2016 12:00am
Raids kill dozens in Idlib, army advances in Aleppo

Raids kill dozens in Idlib, army advances in Aleppo

Suspected Russian air strikes killed at least 46 people in opposition-held parts of Syria on Sunday, a monitor said, as government forces advanced in fierce clashes with rebels in east Aleppo. Syria's government is waging an offensive to recapture all of
Published 05 Dec, 2016 12:00am
Suu Kyi must stop Rohingya 'genocide': Malaysia Prime Minister

Suu Kyi must stop Rohingya 'genocide': Malaysia Prime Minister

Aung San Suu Kyi must step in to prevent the "genocide" of Rohingya Muslims in Myanmar, Malaysia's prime minister said Sunday as he mocked the Nobel laureate for her inaction. Addressing a 5,000-strong rally in Kuala Lumpur, Najib Razak said the Myanmar g
Published 05 Dec, 2016 12:00am
Philippine vice-president says plot to oust her

Philippine vice-president says plot to oust her

Philippine Vice-President Leni Robredo announced Sunday she would quit President Rodrigo Duterte's cabinet after being told to stay away from its meetings, and said there was a plot to oust her as his deputy. Robredo did not say who was behind the alleged
Published 05 Dec, 2016 12:00am
Putin says 'clever' Trump will soon grasp weighty role

Putin says 'clever' Trump will soon grasp weighty role

President Vladimir Putin in an interview aired Sunday called US President-elect Donald Trump intelligent and predicted he would quickly grasp his new level of responsibility and act accordingly.
Published 05 Dec, 2016 12:00am
Body parts found after Indonesian plane missing

Body parts found after Indonesian plane missing

Authorities have recovered body parts and debris in waters where an Indonesian plane carrying police went missing, officials said Sunday, raising fears over the fate of the flight's passengers and crew. The M28 Skytruck plane carrying 13 people lost conta
Published 05 Dec, 2016 12:00am
Uzbekistan votes for second ever president

Uzbekistan votes for second ever president

Uzbekistan voted Sunday to choose a successor to late strongman Islam Karimov, with long-serving premier Shavkat Mirziyoyev expected to score a comfortable victory against weak opponents. The Central Electoral Commission in the ex-Soviet authoritarian rep
Published 05 Dec, 2016 12:00am
Virgin Galactic spaceship makes first glide flight

Virgin Galactic spaceship makes first glide flight

Virgin Galactic's new spaceship has made a successful first glide flight, a key step after a deadly crash of its predecessor two years ago, the spaceflight company said on Saturday. The new SpaceShipTwo, dubbed VSS Unity, was hoisted aloft by carrier airp
Published 05 Dec, 2016 12:00am
Two dead as over 700 migrants rescued in Mediterranean

Two dead as over 700 migrants rescued in Mediterranean

Two women died of hypothermia during an operation to rescue more than 730 migrants off the Libyan coast, the Italian coast guard and medical charity Medecins Sans Frontieres said on Sunday. The women were found unconscious in a large dinghy in the Mediter
Published 05 Dec, 2016 12:00am
Tunisia former dictator's plane sold years after ouster

Tunisia former dictator's plane sold years after ouster

A plane originally intended for Tunisia's toppled president Zine El Abidine Ben Ali has been sold to Turkish Airlines, Tunisair said Sunday, six years after it was grounded following his ouster. The Turkish firm bought the Airbus A340 for 181 million dina
Published 05 Dec, 2016 12:00am
Customs values on vehicles, bikes and tyres revised

Customs values on vehicles, bikes and tyres revised

The Directorate General of Customs Valuation Karachi has revised customs values on the import of tyres and tubes of cars, light trucks, motorcycles and other vehicles from Japan, India and China.
Published 05 Dec, 2016 12:00am
Scholarships worth Rs 18.8 million allocated to IIUI

Scholarships worth Rs 18.8 million allocated to IIUI

The Punjab Educational Endowment Fund (PEEF) on Sunday allocated 74 scholarships amounting to Rs 18.8 million for the students of International Islamic University Islamabad. The allocated scholarships are part of PEEF's new Master's Level Scholarship prog
Published 05 Dec, 2016 12:00am
Gas shortage in Twin Cities

Gas shortage in Twin Cities

The shortage of gas in several parts of Rawalpindi and Islamabad; despite claims by the concerned authorities for improvement in supply have irked the people as winter season was at its peak. The residents of Rawalpindi and Islamabad were facing shortage
Published 05 Dec, 2016 12:00am
Pakistan Film Festival debuts in New York

Pakistan Film Festival debuts in New York

Celebrated Pakistani movies drew packed houses on Saturday, the first day of Pakistan Film Festival's triumphant debut in New York City. "Actor in Law" and "Dobara Pher Say" received resounding applause from film fans and art lovers following the screenin
Published 05 Dec, 2016 12:00am
Withholding tax commissioners' Conference on December 20

Withholding tax commissioners' Conference on December 20

The Federal Board of Revenue (FBR) has decided to convene a Withholding Tax Commissioners' Conference on December 20, 2016 to chalk out a comprehensive plan for improving withholding tax collection in remaining period of 2016-17 to overcome the revenue sh
Published 05 Dec, 2016 12:00am
Imran sends good wishes on Sindh Culture Day

Imran sends good wishes on Sindh Culture Day

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Sunday extended his wishes on the occasion of Sindh Culture Day. In a message posted on Twitter, Khan said people must recognise the cultural and linguistic diversity that strengthens and enriches the
Published 05 Dec, 2016 12:00am
Marketing of agri Produce

Marketing of agri Produce

There are certain things in life which are neglected by default and not by design. Almost all the governments in Pakistan have tried to give a lot of incentives to the agricultural sector for ensuring self-sufficiency in food and optimum utilisation of th
Published 05 Dec, 2016 12:00am
Was it a hoax?

Was it a hoax?

Even on the day it happened it sounded too good to be true. To immense relief of general public the timely action by Karachi police successfully had averted into a huge carnage in this city of teeming millions. Look at the arms the police recovered from a
Published 05 Dec, 2016 12:00am
Amnesty schemes
Currency

Amnesty schemes

Tax amnesty schemes have been extremely popular with our finance ministers - irrespective of whether they operated within civilian or military dispensations and irrespective of whether they were qualified economists or not.
Published 05 Dec, 2016 12:00am
Big data helped Trump even after he scorned it

Big data helped Trump even after he scorned it

Donald Trump derided the use of data and technology tools for his presidential campaign - but those techniques might well have propelled him to victory.
Published 05 Dec, 2016 12:00am
South Korea crisis proves perils of cheating at school

South Korea crisis proves perils of cheating at school

When South Korea's Park Geun-Hye looks back on the scandal-fuelled implosion of her presidency, she may reflect ruefully on what lit the first fuse - a parent pulling strings over a child's education. Park's downfall was the result of her friendship with
Published 05 Dec, 2016 12:00am
Growing significance of ISPR's role - I

Growing significance of ISPR's role - I

General Qamar Javed Bajwa has taken over the command of one of the best and battle-hardened armies of the world as its 16th COAS. He had been the commander 10 corps, besides serving on other important appointments, especially in areas of Kashmir. He also
Published 05 Dec, 2016 12:00am
HCSTSI demands release of imported vegetables, fruits from Karachi Port

HCSTSI demands release of imported vegetables, fruits from Karachi Port

President Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) Muhammad Akram Ansari has demanded the release of vegetables and fruits, which were imported from China and other countries of the world halted at the Karachi Port due to ban on impo
Published 05 Dec, 2016 12:00am
KU admissions lists released

KU admissions lists released

The University of Karachi on Sunday announced the admission lists of Masters Program (Morning) and Doctor of Pharmacy (Morning and Evening). An official of the institution said that Director Admissions, Professor Dr Khalid Iraqi notified the admission lis
Published 05 Dec, 2016 12:00am
Sindh celebrates Sindhi Ajrak, Topi Day

Sindh celebrates Sindhi Ajrak, Topi Day

The Sindh Cultural Day was observed in all over province including this provincial capital city with traditional enthusiasm on Sunday. Various political, social, religious, governmental and non-governmental organisations arranged programmes to celebrate t
Published 05 Dec, 2016 12:00am
Qadri says Karachi operation's success linked with operation in Punjab

Qadri says Karachi operation's success linked with operation in Punjab

Pakistan Awami Tehreek (PAT) chief Tahirul Qadri on Sunday stated that Pakistan is going through its most crucial time, and operation in Karachi will only be successful if similar operation is conducted in Punjab. Qadri was speaking in a press conference
Published 05 Dec, 2016 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (November 28 to December 02, 2016).

Published 05 Dec, 2016 12:00am
The Weather

The Weather

The weather report on Sunday (December 04, 2016) and the forecast for Monday (December 05, 2016).

Published 05 Dec, 2016 12:00am
Shanghai Electric agrees to share business plan with GoP

Shanghai Electric agrees to share business plan with GoP

M/s Shanghai Electric Power (SEP), the new intended buyer of 66.4 per cent shares of Karachi Electric (KE) has agreed to share its top secret business plan with the government of Pakistan directly instead of through Abraaj Group of Dubai, well-informed so
Published 05 Dec, 2016 12:00am
Shanghai Electric agrees to share business plan with GoP

Shanghai Electric agrees to share business plan with GoP

M/s Shanghai Electric Power (SEP), the new intended buyer of 66.4 per cent shares of Karachi Electric (KE) has agreed to share its top secret business plan with the government of Pakistan directly instead of through Abraaj Group of Dubai, well-informed so
Published 05 Dec, 2016 12:00am
Shanghai Electric agrees to share business plan with GoP

Shanghai Electric agrees to share business plan with GoP

M/s Shanghai Electric Power (SEP), the new intended buyer of 66.4 per cent shares of Karachi Electric (KE) has agreed to share its top secret business plan with the government of Pakistan directly instead of through Abraaj Group of Dubai, well-informed so
Published 05 Dec, 2016 12:00am
CCAC may not revise cotton output
Cotton

CCAC may not revise cotton output

Fearing price crisis in the country, the Cotton Crop Assessment Committee (CCAC) may not further revise cotton production estimates downward and would maintain it at 11.039 million bales for the current season (2016-17), it is learnt.
Published 05 Dec, 2016 12:00am
CCAC may not revise cotton output
Cotton

CCAC may not revise cotton output

Fearing price crisis in the country, the Cotton Crop Assessment Committee (CCAC) may not further revise cotton production estimates downward and would maintain it at 11.039 million bales for the current season (2016-17), it is learnt.
Published 05 Dec, 2016 12:00am
Security situation in Afghanistan very complex: Aziz

Security situation in Afghanistan very complex: Aziz

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz Sunday stressed upon the peaceful resolution of all outstanding issues for promoting regional peace and prosperity.
Published 05 Dec, 2016 12:00am
Security situation in Afghanistan very complex: Aziz

Security situation in Afghanistan very complex: Aziz

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz Sunday stressed upon the peaceful resolution of all outstanding issues for promoting regional peace and prosperity.
Published 05 Dec, 2016 12:00am
Ghani accuses Pakistan of waging 'undeclared war'

Ghani accuses Pakistan of waging 'undeclared war'

Afghan President Ashraf Ghani accused Pakistan Sunday of waging an "undeclared war" and said Taliban insurgents battling his government would not last a month without sanctuary in the neighbouring state.
Published 05 Dec, 2016 12:00am
Ghani accuses Pakistan of waging 'undeclared war'

Ghani accuses Pakistan of waging 'undeclared war'

Afghan President Ashraf Ghani accused Pakistan Sunday of waging an "undeclared war" and said Taliban insurgents battling his government would not last a month without sanctuary in the neighbouring state.
Published 05 Dec, 2016 12:00am
FBR urged to expedite efforts towards collection

FBR urged to expedite efforts towards collection

Minister for Finance, Senator Ishaq Dar on Sunday urged the Federal Board of Revenue (FBR) team to redouble their efforts to meet this year's revenue targets.
Published 05 Dec, 2016 12:00am
FBR urged to expedite efforts towards collection

FBR urged to expedite efforts towards collection

Minister for Finance, Senator Ishaq Dar on Sunday urged the Federal Board of Revenue (FBR) team to redouble their efforts to meet this year's revenue targets.
Published 05 Dec, 2016 12:00am
FBR urged to expedite efforts towards collection

FBR urged to expedite efforts towards collection

Minister for Finance, Senator Ishaq Dar on Sunday urged the Federal Board of Revenue (FBR) team to redouble their efforts to meet this year''s revenue targets.
Published 05 Dec, 2016 12:00am
'His statement is regrettable and understandable'

'His statement is regrettable and understandable'

India's efforts to divide Pakistan and Afghanistan won't go far as both the countries have strong people-to-people relationship and have been working together to stem the menace of terrorism.
Published 05 Dec, 2016 12:00am
'His statement is regrettable and understandable'

'His statement is regrettable and understandable'

India's efforts to divide Pakistan and Afghanistan won't go far as both the countries have strong people-to-people relationship and have been working together to stem the menace of terrorism.
Published 05 Dec, 2016 12:00am
Aziz calls on Modi

Aziz calls on Modi

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz along with foreign ministers of four countries on Sunday called on Prime Minister Narendra Modi. The Foreign ministers of Kyrgyzstan, Iran, Afghanistan, and Slovakia, which holds the European Un
Published 05 Dec, 2016 12:00am
Aziz calls on Modi

Aziz calls on Modi

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz along with foreign ministers of four countries on Sunday called on Prime Minister Narendra Modi. The Foreign ministers of Kyrgyzstan, Iran, Afghanistan, and Slovakia, which holds the European Un
Published 05 Dec, 2016 12:00am
PSX continues its rally

PSX continues its rally

Pakistan equity market performed well in spite of hefty foreign selling. The benchmark KSE-100 index increased by 271.24 points or 0.63 percent to close at its highest ever level of 43,270.90 during outgoing week ended on December 2, 2016.
Published 05 Dec, 2016 12:00am
PSX continues its rally

PSX continues its rally

Pakistan equity market performed well in spite of hefty foreign selling. The benchmark KSE-100 index increased by 271.24 points or 0.63 percent to close at its highest ever level of 43,270.90 during outgoing week ended on December 2, 2016.
Published 05 Dec, 2016 12:00am
PSX continues its rally

PSX continues its rally

Pakistan equity market performed well in spite of hefty foreign selling. The benchmark KSE-100 index increased by 271.24 points or 0.63 percent to close at its highest ever level of 43,270.90 during outgoing week ended on December 2, 2016.
Published 05 Dec, 2016 12:00am
Futures spread down by 106 basis points

Futures spread down by 106 basis points

The futures spread decreased by 106bps to 6.89 percent during the week ended on December 2, 2016. Trading activities on the futures counter remained thin as the average daily trading volumes declined by 58.2 percent during the week to 46.28 million shares
Published 05 Dec, 2016 12:00am
Futures spread down by 106 basis points

Futures spread down by 106 basis points

The futures spread decreased by 106bps to 6.89 percent during the week ended on December 2, 2016. Trading activities on the futures counter remained thin as the average daily trading volumes declined by 58.2 percent during the week to 46.28 million shares
Published 05 Dec, 2016 12:00am
Futures spread down by 106 basis points

Futures spread down by 106 basis points

The futures spread decreased by 106bps to 6.89 percent during the week ended on December 2, 2016. Trading activities on the futures counter remained thin as the average daily trading volumes declined by 58.2 percent during the week to 46.28 million shares
Published 05 Dec, 2016 12:00am
Futures spread down by 106 basis points

Futures spread down by 106 basis points

The futures spread decreased by 106bps to 6.89 percent during the week ended on December 2, 2016. Trading activities on the futures counter remained thin as the average daily trading volumes declined by 58.2 percent during the week to 46.28 million shares
Published 05 Dec, 2016 12:00am
Zuma pushes to overturn graft probe

Zuma pushes to overturn graft probe

South African President Jacob Zuma has launched a court challenge to a watchdog probe that raised allegations of misconduct against him, an affidavit showed Sunday, as he fights to hold on to power. Zuma, who last week beat back an attempt within ruling A
Published 05 Dec, 2016 12:00am
S&P unexpectedly raises outlook on Poland's rating to stable

S&P unexpectedly raises outlook on Poland's rating to stable

S&P Global Ratings unexpectedly raised its outlook on Poland's sovereign credit rating to stable from negative on Friday, saying it was no longer worried that the government would try to undermine the independence of the central bank.
Published 05 Dec, 2016 12:00am
S&P unexpectedly raises outlook on Poland's rating to stable

S&P unexpectedly raises outlook on Poland's rating to stable

S&P Global Ratings unexpectedly raised its outlook on Poland's sovereign credit rating to stable from negative on Friday, saying it was no longer worried that the government would try to undermine the independence of the central bank.
Published 05 Dec, 2016 12:00am
Javaid Khanani dies in mysterious circumstances

Javaid Khanani dies in mysterious circumstances

Money changer Javaid Khanani Sunday died after falling from an under-construction building in Muhammad Ali Society, in the metropolis, the police said. A spokesman for the Sindh Police, in a statement said, as per initial information, he fell from the 8th
Published 05 Dec, 2016 12:00am
Javaid Khanani dies in mysterious circumstances

Javaid Khanani dies in mysterious circumstances

Money changer Javaid Khanani Sunday died after falling from an under-construction building in Muhammad Ali Society, in the metropolis, the police said. A spokesman for the Sindh Police, in a statement said, as per initial information, he fell from the 8th
Published 05 Dec, 2016 12:00am
Aziz meets Afghan President

Aziz meets Afghan President

Advisor to the Prime Minister on Foreign Affairs Sartaj Aziz Sunday met Afghan President Ashraf Ghani on the sidelines of the Heart of Asia Conference being held in Indian city of Amritsar. During their meeting, Sartaj Aziz and Afghan President discussed
Published 05 Dec, 2016 12:00am
PTI lambastes Aziz for attending Modi's dinner

PTI lambastes Aziz for attending Modi's dinner

Pakistan Tehreek-e-Insaf leader Shireen Mazari on Sunday criticised PM Nawaz Sharif's Adviser on Foreign Affairs Sartaj Aziz over attending the dinner reception hosted by Indian Prime Minister Modi in the Heart of Asia Conference. Mazari said, "It was sha
Published 05 Dec, 2016 12:00am
Siraj-ul-Haq warns government of long march if FCR not abolished

Siraj-ul-Haq warns government of long march if FCR not abolished

Jamaat-e-Islami ameer, Senator Sirajul Haq has warned the government to hold long-march to Islamabad, it was failed to implement the report of Fata reforms committee in its letter and true spirit, and abolish the Frontier Crime Regulation from Federally A
Published 05 Dec, 2016 12:00am
NA Speaker says Afghanistan mustn't play in India's hands

NA Speaker says Afghanistan mustn't play in India's hands

The Speaker of the National Assembly on Sunday visited Millat Park where he condoled with family of five persons killed in an incident. He stated that endeavours were being made to curb incidents of crime in the society. Talking to journalists about regio
Published 05 Dec, 2016 12:00am
Eid-i-Milad-un-Nabi: IGP for contingency security plan

Eid-i-Milad-un-Nabi: IGP for contingency security plan

The Inspector General of Police (IGP), Sindh, A.D. Khawaja, has directed that a contingency security plan be prepared for Eid-i-Milad-un-Nabi with the co-ordination of Rangers and other law enforcement agencies. A spokesman for the Sindh Police said on Su
Published 05 Dec, 2016 12:00am
Eid-i-Milad-un-Nabi: IGP for contingency security plan

Eid-i-Milad-un-Nabi: IGP for contingency security plan

The Inspector General of Police (IGP), Sindh, A.D. Khawaja, has directed that a contingency security plan be prepared for Eid-i-Milad-un-Nabi with the co-ordination of Rangers and other law enforcement agencies. A spokesman for the Sindh Police said on Su
Published 05 Dec, 2016 12:00am
Nawaz envoy says Pakistan seeks peace only

Nawaz envoy says Pakistan seeks peace only

Special Assistant to the Prime Minister on Foreign Affairs Syed Tariq Fatemi has said, "Pakistan is a peace-loving country and does not want to indulge in any war."
Published 05 Dec, 2016 12:00am
Sartaj Aziz not allowed to visit Golden Temple

Sartaj Aziz not allowed to visit Golden Temple

Advisor to the Prime Minister on Foreign Affairs Sartaj Aziz was barred from coming outside the hotel. It has also been reported that the security officials of the Heart of Asia conference misbehaved with Pakistani journalists and embassy officials on the
Published 05 Dec, 2016 12:00am
Qatari royals on hunting spree in Punjab

Qatari royals on hunting spree in Punjab

A 12-member Qatari royal delegation went on a hunting spree for rare birds in Bhakkar district of Punjab, hours after their arrival in Lahore. The delegation greeted by Prime Minister Nawaz Sharif's son Hussain Nawaz, first went to Jati Umrah before going
Published 05 Dec, 2016 12:00am
Tribute paid to Jaun Elia

Tribute paid to Jaun Elia

A tribute was paid to famous poet Jaun Elia at the National Institute of Folk and Traditional Heritage (Lok Virsa) on Sunday. His daughter Sohaina Elia and renowned writer Asghar Nadeem Syed among other speakers, discussed the literary work of Jaun Elia a
Published 05 Dec, 2016 12:00am
Global climate changes leading to disasters: Professor Hans-Werner

Global climate changes leading to disasters: Professor Hans-Werner

Professor Hans-Werner Koyro from Geissen University, Germany, has said that global climate changes are leading to disasters such as flooding, drought and Stalinization. He was speaking at a workshop titled `Sustainable Development and Environment Protecti
Published 05 Dec, 2016 12:00am
Pakistan enjoys stronger ties with world capitals: Aizaz

Pakistan enjoys stronger ties with world capitals: Aizaz

Foreign Secretary Aizaz Ahmed Chaudhry has said that Pakistan having immense potential in realms of vast connectivity is fast forging stronger ties with different world capitals. In an interview, he said under such tremendous revolutions taking place acro
Published 05 Dec, 2016 12:00am
'Measures taken to check smuggling of gold, dollars'
Currency

'Measures taken to check smuggling of gold, dollars'

On the special instructions of Federal Finance Minister Ishaq Dar and Chairman FBR Nisar Muhammad Khan, all the customs Collectorates and Directorate General of Customs Intelligence have taken foolproof measures to check the smuggling of gold and US dolla
Published 05 Dec, 2016 12:00am
'UBG team is well equipped to meet CPEC challenges'

'UBG team is well equipped to meet CPEC challenges'

Patron in chief, United Business Group (UBG), S M Muneer on Sunday said, "Since came to power within two years, the UBG not only scissors financial corruption but continued to contribute significantly in increasing the prestige of the Federation of Pakist
Published 05 Dec, 2016 12:00am
Governor felicitates people on Sindh Cultural Day

Governor felicitates people on Sindh Cultural Day

The Governor of Sindh, former Justice Saeed-uz-Zaman Siddiqui, has felicitated the people of the province on Sindh Culture Day. He said in a statement here on Sunday that culture is the backbone for any nation and is also an identity.
Published 05 Dec, 2016 12:00am
Cuba buries Castro, entering post-Fidel era

Cuba buries Castro, entering post-Fidel era

Fidel Castro's ashes were entombed in a massive stone next to national heroes on Sunday, as Cuba opens a new era without the communist leader who ruled for decades.
Published 05 Dec, 2016 12:00am
France upholds 25-year jail term for Rwanda genocide convict

France upholds 25-year jail term for Rwanda genocide convict

A French court on Saturday upheld a 25 year prison sentence handed to a former Rwandan intelligence agent jailed in France's first trial over the African country's 1994 genocide. Pascal Simbikangwa was found guilty of genocide and complicity in crimes aga
Published 05 Dec, 2016 12:00am
Nine children among 11 killed in Siberia bus crash

Nine children among 11 killed in Siberia bus crash

At least 11 people, including nine children, were killed in a multi-vehicle pile-up in central Siberia, local authorities said Sunday. The accident happened on the road from the city of Khanty-Mansiysk to Tyumen, and involved a truck, two cars and a bus c
Published 05 Dec, 2016 12:00am
New controversy hits Israel sub deal over Iran link

New controversy hits Israel sub deal over Iran link

Israel was embroiled in fresh controversy on Sunday over its purchase of submarines from German company ThyssenKrupp after reports that the country's arch-enemy Iran holds a stake in the firm. The attorney general had already ordered police to look into a
Published 05 Dec, 2016 12:00am
US woman alleges gang-rape in New Delhi

US woman alleges gang-rape in New Delhi

A US woman has told police she was gang-raped at a top hotel in the Indian capital during a visit earlier this year - the latest in a series of alleged sexual assaults against tourists. Delhi police launched a formal investigation Saturday after receiving
Published 05 Dec, 2016 12:00am
Lone gunman kills three women in Finland town

Lone gunman kills three women in Finland town

A lone gunman shot dead a local official and two journalists, all of them women, in a night-time attack Saturday in a small town in Finland, a country with one of the highest rates of gun ownership in the world.
Published 05 Dec, 2016 12:00am
Qatar news site cuts output over 'censorship'

Qatar news site cuts output over 'censorship'

Qatar's most popular English-language news website said Sunday it will scale back operations after authorities blocked it in what managers have described as a "clear act of censorship."
Published 05 Dec, 2016 12:00am
Egypt brings in tougher penalties against FGM

Egypt brings in tougher penalties against FGM

An amended law that toughens penalties for female genital mutilation to up to 15 years in jail has come into effect, the health ministry announced Sunday. Health ministry officials will monitor and oversee clinics and private hospitals to enforce the anti
Published 05 Dec, 2016 12:00am
Italy at crossroads as Renzi sweats on voters verdict

Italy at crossroads as Renzi sweats on voters verdict

Millions of Italians voted Sunday in a knife-edge constitutional referendum that left Prime Minister Matteo Renzi sweating on his future and the rest of Europe braced for the fallout if he is forced to quit. Renzi, who has vowed to step aside if he loses,
Published 05 Dec, 2016 12:00am
Cyprus tells retail brokers to end bonus schemes
Currency

Cyprus tells retail brokers to end bonus schemes

Cyprus's financial regulator CySEC issued a warning to the mass of retail currency brokers registered on the island on Wednesday over their use of bonus schemes to encourage trading in risky products and related poor treatment of clients.
Published 05 Dec, 2016 12:00am
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