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Archive - 2016-12-12
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Monday (December 12) on account of Eid-e-Milad-un-Nabi (SAW). There will, therefore, be no issue of the newspaper tomorrow, Tuesday (December 13).
Published 12 Dec, 2016 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Monday (December 12) on account of Eid-e-Milad-un-Nabi (SAW). There will, therefore, be no issue of the newspaper tomorrow, Tuesday (December 13).
Published 12 Dec, 2016 12:00am
Eid-e-Milad-un-Nabi (PBUH) today

Eid-e-Milad-un-Nabi (PBUH) today

Eid-e-Milad-un-Nabi (PBUH) is being celebrated in the metropolis and other parts of the country with religious fervour and enthusiasm today. Various religious, social, academic and political organisations would hold a number of programmes on the occasion
Published 12 Dec, 2016 12:00am
Eid-e-Milad-un-Nabi (PBUH) today

Eid-e-Milad-un-Nabi (PBUH) today

Eid-e-Milad-un-Nabi (PBUH) is being celebrated in the metropolis and other parts of the country with religious fervour and enthusiasm today. Various religious, social, academic and political organisations would hold a number of programmes on the occasion
Published 12 Dec, 2016 12:00am
THE RUPEE: easier trend
Currency

THE RUPEE: easier trend

Falling trend was seen on the money market as the rupee fell modestly against the dollar during the week, ended on 12 Dec, 2016.
Published 12 Dec, 2016 12:00am
THE RUPEE: easier trend
Currency

THE RUPEE: easier trend

Falling trend was seen on the money market as the rupee fell modestly against the dollar during the week, ended on 12 Dec, 2016.
Published 12 Dec, 2016 12:00am
38 killed, 155 injured in Istanbul blasts

38 killed, 155 injured in Istanbul blasts

Turkey on Sunday vowed vengeance against Kurdish militants it said were likely behind twin bombings that killed 38 people and wounded 155 in what appeared to be a co-ordinated attack on police outside a soccer stadium in Istanbul.
Published 12 Dec, 2016 12:00am
38 killed, 155 injured in Istanbul blasts

38 killed, 155 injured in Istanbul blasts

Turkey on Sunday vowed vengeance against Kurdish militants it said were likely behind twin bombings that killed 38 people and wounded 155 in what appeared to be a co-ordinated attack on police outside a soccer stadium in Istanbul.
Published 12 Dec, 2016 12:00am
Pakistan condemns terrorist attack

Pakistan condemns terrorist attack

Pakistan on Sunday strongly condemned terrorist attack in Istanbul and expressed solidarity with Turkey.
Published 12 Dec, 2016 12:00am
Pakistan condemns terrorist attack

Pakistan condemns terrorist attack

Pakistan on Sunday strongly condemned terrorist attack in Istanbul and expressed solidarity with Turkey.
Published 12 Dec, 2016 12:00am
Bomb attack kills at least 25 near Cairo Coptic cathedral

Bomb attack kills at least 25 near Cairo Coptic cathedral

A bomb blast tore through a church near Cairo's Coptic cathedral during a service Sunday, killing at least 25 people in the deadliest attack in recent memory on Egypt's Christian minority. There was no immediate claim of responsibility for the bombing.
Published 12 Dec, 2016 12:00am
Bomb attack kills at least 25 near Cairo Coptic cathedral

Bomb attack kills at least 25 near Cairo Coptic cathedral

A bomb blast tore through a church near Cairo's Coptic cathedral during a service Sunday, killing at least 25 people in the deadliest attack in recent memory on Egypt's Christian minority. There was no immediate claim of responsibility for the bombing.
Published 12 Dec, 2016 12:00am
Fed to raise rates?

Fed to raise rates?

There is little room for doubt that the US Federal Reserve will raise the benchmark interest rate in the coming week for only the second time in a decade. With unemployment at a nine-year low, jobs being created at an average of 180,000 per month, the eco
Published 12 Dec, 2016 12:00am
Fed to raise rates?

Fed to raise rates?

There is little room for doubt that the US Federal Reserve will raise the benchmark interest rate in the coming week for only the second time in a decade. With unemployment at a nine-year low, jobs being created at an average of 180,000 per month, the eco
Published 12 Dec, 2016 12:00am
Fed to raise rates?

Fed to raise rates?

There is little room for doubt that the US Federal Reserve will raise the benchmark interest rate in the coming week for only the second time in a decade. With unemployment at a nine-year low, jobs being created at an average of 180,000 per month, the eco
Published 12 Dec, 2016 12:00am
Another stellar week

Another stellar week

Pakistan Stock Exchange (PSX) witnessed bullish trend during the outgoing week on the back of massive liquidity influx as the benchmark KSE-100 index registered healthy increase of 2116.33 points or 4.89 percent to close at all time high level of 45,387.2
Published 12 Dec, 2016 12:00am
Another stellar week

Another stellar week

Pakistan Stock Exchange (PSX) witnessed bullish trend during the outgoing week on the back of massive liquidity influx as the benchmark KSE-100 index registered healthy increase of 2116.33 points or 4.89 percent to close at all time high level of 45,387.2
Published 12 Dec, 2016 12:00am
Another stellar week

Another stellar week

Pakistan Stock Exchange (PSX) witnessed bullish trend during the outgoing week on the back of massive liquidity influx as the benchmark KSE-100 index registered healthy increase of 2116.33 points or 4.89 percent to close at all time high level of 45,387.2
Published 12 Dec, 2016 12:00am
Gas shortage hits SSGC's system

Gas shortage hits SSGC's system

Sui Southern Gas Company (SSGC) on Sunday closed Compressed Natural Gas (CNG) stations across the province as a sudden gas shortage hit the system of the gas utility. According to a SSGC spokesman, the decision to shut CNG stations across the province was
Published 12 Dec, 2016 12:00am
Gas shortage hits SSGC's system

Gas shortage hits SSGC's system

Sui Southern Gas Company (SSGC) on Sunday closed Compressed Natural Gas (CNG) stations across the province as a sudden gas shortage hit the system of the gas utility. According to a SSGC spokesman, the decision to shut CNG stations across the province was
Published 12 Dec, 2016 12:00am
Gas shortage hits SSGC''s system

Gas shortage hits SSGC''s system

Sui Southern Gas Company (SSGC) on Sunday closed Compressed Natural Gas (CNG) stations across the province as a sudden gas shortage hit the system of the gas utility. According to a SSGC spokesman, the decision to shut CNG stations across the province was
Published 12 Dec, 2016 12:00am
Futures spread down by 99 basis points

Futures spread down by 99 basis points

The futures spread decreased by 99bps to 5.90 percent during the outgoing week ended on December 9. Trading activities at the futures counter improved as the average daily volumes increased by 8.3 percent to 50.13 million shares during the week.
Published 12 Dec, 2016 12:00am
Futures spread down by 99 basis points

Futures spread down by 99 basis points

The futures spread decreased by 99bps to 5.90 percent during the outgoing week ended on December 9. Trading activities at the futures counter improved as the average daily volumes increased by 8.3 percent to 50.13 million shares during the week.
Published 12 Dec, 2016 12:00am
Futures spread down by 99 basis points

Futures spread down by 99 basis points

The futures spread decreased by 99bps to 5.90 percent during the outgoing week ended on December 9. Trading activities at the futures counter improved as the average daily volumes increased by 8.3 percent to 50.13 million shares during the week.
Published 12 Dec, 2016 12:00am
Futures spread down by 99 basis points

Futures spread down by 99 basis points

The futures spread decreased by 99bps to 5.90 percent during the outgoing week ended on December 9. Trading activities at the futures counter improved as the average daily volumes increased by 8.3 percent to 50.13 million shares during the week.
Published 12 Dec, 2016 12:00am
CPEC-related transport companies come under the spotlight

CPEC-related transport companies come under the spotlight

The government is planning to revise regulatory regime for national/international companies engaged in cross-border transportation of goods to ensure harmonised and smooth operations of foreign companies under China Pakistan Economic Corridor (CPEC) proje
Published 12 Dec, 2016 12:00am
CPEC-related transport companies come under the spotlight

CPEC-related transport companies come under the spotlight

The government is planning to revise regulatory regime for national/international companies engaged in cross-border transportation of goods to ensure harmonised and smooth operations of foreign companies under China Pakistan Economic Corridor (CPEC) proje
Published 12 Dec, 2016 12:00am
CPEC-related transport companies come under the spotlight

CPEC-related transport companies come under the spotlight

The government is planning to revise regulatory regime for national/international companies engaged in cross-border transportation of goods to ensure harmonised and smooth operations of foreign companies under China Pakistan Economic Corridor (CPEC) proje
Published 12 Dec, 2016 12:00am
Indian Home Minister loses his marbles

Indian Home Minister loses his marbles

Home Minister of India Rajnath Singh has warned Pakistan in a direct statement of dividing the country. While making a false claim, he said that Pakistan was making attempts to destabilise India.
Published 12 Dec, 2016 12:00am
Indian Home Minister loses his marbles

Indian Home Minister loses his marbles

Home Minister of India Rajnath Singh has warned Pakistan in a direct statement of dividing the country. While making a false claim, he said that Pakistan was making attempts to destabilise India.
Published 12 Dec, 2016 12:00am
Gambia's Jammeh to contest election result in court

Gambia's Jammeh to contest election result in court

Gambia's incumbent head of state Yahya Jammeh will contest in court the election victory handed to opposition candidate Adama Barrow, his party has said. In a shock rejection of his defeat at the polls, Jammeh cited in a speech broadcast late Friday "unac
Published 12 Dec, 2016 12:00am
Macedonia votes hoping to end political crisis

Macedonia votes hoping to end political crisis

Macedonians voted Sunday in the hope of electing a government capable of returning stability to the small Balkan country that has been shaken by a deep political crisis. Polling stations closed at 7:00 pm (1800 GMT) and the counting of votes begun, an ele
Published 12 Dec, 2016 12:00am
Iran signs deal to purchase 80 Boeing planes

Iran signs deal to purchase 80 Boeing planes

Iran Air finalised a contract to buy 80 planes from Boeing, the US aerospace firm confirmed on Sunday, as it seeks to renew its ageing fleet despite sanctions. Boeing said the contract - Iran's first deal with a US aviation firm since the 1979 Islamic rev
Published 12 Dec, 2016 12:00am
Iran signs deal to purchase 80 Boeing planes

Iran signs deal to purchase 80 Boeing planes

Iran Air finalised a contract to buy 80 planes from Boeing, the US aerospace firm confirmed on Sunday, as it seeks to renew its ageing fleet despite sanctions. Boeing said the contract - Iran's first deal with a US aviation firm since the 1979 Islamic rev
Published 12 Dec, 2016 12:00am
Iran signs deal to purchase 80 Boeing planes

Iran signs deal to purchase 80 Boeing planes

Iran Air finalised a contract to buy 80 planes from Boeing, the US aerospace firm confirmed on Sunday, as it seeks to renew its ageing fleet despite sanctions. Boeing said the contract - Iran''s first deal with a US aviation firm since the 1979 Islamic re
Published 12 Dec, 2016 12:00am
12 killed in fog-related accidents across Punjab

12 killed in fog-related accidents across Punjab

Twelve people were killed and several others injured in fog related road mishaps in different areas of Punjab on Sunday. Six people of same family were killed when their car plunged into a canal on Shujaabad road near Multan due to dense fog. The bodies w
Published 12 Dec, 2016 12:00am
12 killed in fog-related accidents across Punjab

12 killed in fog-related accidents across Punjab

Twelve people were killed and several others injured in fog related road mishaps in different areas of Punjab on Sunday. Six people of same family were killed when their car plunged into a canal on Shujaabad road near Multan due to dense fog. The bodies w
Published 12 Dec, 2016 12:00am
PIA plane narrowly escapes disaster

PIA plane narrowly escapes disaster

A Karachi-bound PIA's ATR 42/72 plane PK-581 carrying 48 passengers and crew narrowly escaped a catastrophe on Sunday night when it took off from Multan International airport at 08-30 pm. The pilot immediately saw a spark in one of its engine. He immediat
Published 12 Dec, 2016 12:00am
PIA plane narrowly escapes disaster

PIA plane narrowly escapes disaster

A Karachi-bound PIA's ATR 42/72 plane PK-581 carrying 48 passengers and crew narrowly escaped a catastrophe on Sunday night when it took off from Multan International airport at 08-30 pm. The pilot immediately saw a spark in one of its engine. He immediat
Published 12 Dec, 2016 12:00am
PIA plane narrowly escapes disaster

PIA plane narrowly escapes disaster

A Karachi-bound PIA''s ATR 42/72 plane PK-581 carrying 48 passengers and crew narrowly escaped a catastrophe on Sunday night when it took off from Multan International airport at 08-30 pm. The pilot immediately saw a spark in one of its engine. He immedia
Published 12 Dec, 2016 12:00am
Two patrol vessels built in China for PMSA commissioned

Two patrol vessels built in China for PMSA commissioned

Two Maritime patrol vessels built in China for Pakistan Maritime Security Agency (PMSA) had been commissioned at an impressive ceremony held at Guangzhou, China. According to PMSA press release issued here on Sunday, said that the ships have been named as
Published 12 Dec, 2016 12:00am
Two patrol vessels built in China for PMSA commissioned

Two patrol vessels built in China for PMSA commissioned

Two Maritime patrol vessels built in China for Pakistan Maritime Security Agency (PMSA) had been commissioned at an impressive ceremony held at Guangzhou, China. According to PMSA press release issued here on Sunday, said that the ships have been named as
Published 12 Dec, 2016 12:00am
Eid-e-Milad-un-Nabi to be celebrated across Sindh with enthusiasm

Eid-e-Milad-un-Nabi to be celebrated across Sindh with enthusiasm

Like other provinces of the country, Eid Milad-un-Nabi (PBUH) is being celebrated in Sindh province including Karachi on Monday (today) with profound reverence and enthusiasm. Government has adopted strict security measures to maintain law and order. As m
Published 12 Dec, 2016 12:00am
Sindh chief minister visits Bhutto family graveyard

Sindh chief minister visits Bhutto family graveyard

Sindh Chief Minister Syed Murad Ali Shah along with Senior Sindh Minister and President PPP Sindh Chapter Nisar Ahmed Khuhro visited the Mausoleum of the martyrs of Bhutto's family in Garhi Khuda Bakhsh on Sunday.
Published 12 Dec, 2016 12:00am
Terrorists confess to planning major attack

Terrorists confess to planning major attack

At least five terrorists were arrested on Sunday from Orangi Town's Iqbal Market have confessed to planning a major terror attack in Karachi on 12th Rabi-ul-Awal. During interrogation, the terrorists, belonging to banned Tehreek-e-Taliban Pakistan's Mehso
Published 12 Dec, 2016 12:00am
Rangers seize heavy weapons in Karachi raid

Rangers seize heavy weapons in Karachi raid

The paramilitary forces, here on Sunday recovered heavy cache of weapons following leads provided by a 'notorious criminal' in detention of the Rangers. The raid was conducted in Surjani Town area Sunday noon, where law enforcement personnel found differe
Published 12 Dec, 2016 12:00am
Hand grenade recovered outside SP's home

Hand grenade recovered outside SP's home

A hand grenade was recovered from a nullah outside Superintendent Police Railway's house on Sunday. Civil Line Police reached the area on receiving information and called Bomb Disposal Squad (BDS).
Published 12 Dec, 2016 12:00am
Minister's surprise visit to Jhang hospital

Minister's surprise visit to Jhang hospital

Provincial Minister for Primary and Secondary Health Khawaja Imran Nazir paid a surprise visit to DHQ Hospital Jhang on Sunday. The Minister took a round of medical ward, emergency, CCU and Medical Stores.
Published 12 Dec, 2016 12:00am
Sindh ready to hold census, Murad says

Sindh ready to hold census, Murad says

Sindh Chief Minister Syed Murad Ali Shah has said that he is ready to conduct census in Sindh. "Sindh had already offered to the federal government to start census from here but it could not take up due to law and order issues and now things are improved
Published 12 Dec, 2016 12:00am
Hina Rabbani Khar says Pakistan lost opportunities in Afghanistan

Hina Rabbani Khar says Pakistan lost opportunities in Afghanistan

Former foreign affairs minister Hina Rabbani Khar has said Pakistan should change course in neighbouring Afghanistan, a recommendation which comes amid deteriorating relations between Kabul and Islamabad, mainly due to war against terrorism. In a media in
Published 12 Dec, 2016 12:00am
FCCI, AICE sign MoU to increase trade

FCCI, AICE sign MoU to increase trade

The reciprocal visit of high level Italian trade mission immediately after the visit of the FCCI trade delegation is a positive step to give a quantum jump to our bilateral trade, said Engineer Muhammad Saeed Sheikh, President FCCI.
Published 12 Dec, 2016 12:00am
'Ambulance Ko Raasta De Do', a walk for cause

'Ambulance Ko Raasta De Do', a walk for cause

Various reputable corporate, government and non-government organisations joined hands for supporting a walk organised by 'Yes We Do Care' (YWDC), a non-profit organisation in its endeavour to create basic awareness, for giving RIGHT OF WAY to ambulances a
Published 12 Dec, 2016 12:00am
PIA denies reports on crash

PIA denies reports on crash

Spokesman for the PIA has strongly denies media reports that propellor of one the engines of the ATR-42 aircraft that crashed on December 7, had started to spin in reverse, or had some known defect prior to take off, which led to this accident.
Published 12 Dec, 2016 12:00am
PIA starts flights to Barcelona

PIA starts flights to Barcelona

PIA started its flight operation to Barcelona, PK 769 left for the Spanish city via Paris from Benazir Bhutto International Airport, here on Sunday morning. Due to the tragic December 7 incident, all festivities planned earlier for the launch of this flig
Published 12 Dec, 2016 12:00am
Tribal students stage protest against DCO Peshawar

Tribal students stage protest against DCO Peshawar

Students of all tribal agencies and Frontier Regions (FRs) on Sunday held a protest camp against the District Co-ordination Officer (DCO) Peshawar for arresting the Fata Students Organisation (FSO) president Shaukat Aziz.
Published 12 Dec, 2016 12:00am
Minister says democracy flourishes despite many set backs

Minister says democracy flourishes despite many set backs

Minister for Railways Khawaja Saad Rafique on Sunday said that they have failed to fulfil the dream of Quaid-e-Azam. The minister visited Quaid's mausoleum in Karachi and laid a floral wreath. He also offered Fateha.
Published 12 Dec, 2016 12:00am
IBMS working at 26 immigration points

IBMS working at 26 immigration points

Ministry of Interior, as part of its efforts to control human trafficking, has established Integrated Border Management System (IBMS) at 26 entry and exit sites, and immigration check posts (air, land and sea). The IBMS records entry of all travellers and
Published 12 Dec, 2016 12:00am
AJK all set to celebrate Eid-e-Milad today

AJK all set to celebrate Eid-e-Milad today

All is set across Azad Jammu & Kashmir to celebrate Eid Milad-un-Nabi (PBUH), the Birth Day of the last Holy Prophet Muhammad (Peace Be Upon Him) Monday with full religious zeal and fervour. All adequate arrangements have been completed to celebrate the s
Published 12 Dec, 2016 12:00am
Muslims urged to follow teachings of Holy Prophet

Muslims urged to follow teachings of Holy Prophet

President Mamnoon Hussain has urged the nation and the Muslim Ummah to follow the teachings of Holy Prophet, Hazrat Muhammad (Peace Be Upon Him) and transform this world into an abode of peace and affection. In a message on the occasion of Eid Milad Un Na
Published 12 Dec, 2016 12:00am
KP CHC celebrates 94th birthday of Dilip Kumar

KP CHC celebrates 94th birthday of Dilip Kumar

Cultural Heritage Council (CHC), Khyber Pakhtunkhwa Sunday celebrated the 94th birthday of the living legend of Bollywood; Dilip Kumar in a simple ceremony at Peshawar Press Club (PPC).
Published 12 Dec, 2016 12:00am
Shahbaz says Pakistan's is better than before at international level

Shahbaz says Pakistan's is better than before at international level

Punjab Chief Minister Shahbaz Sharif has said that situation of the country has substantially improved during the tenure of Pakistan Muslim League-N and people are witness to improvement in different walks of life. He said that under the leadership of Pri
Published 12 Dec, 2016 12:00am
Shahbaz congratulates Muslim Ummah on Eid-e-Milad

Shahbaz congratulates Muslim Ummah on Eid-e-Milad

Punjab Chief Minister Muhammad Shahbaz Sharif has congratulated the Muslim Ummah on the happy occasion of birth anniversary of Hazrat Muhammad (PBUH). In his message, Shahbaz Sharif said that the birth of last prophet and benefactor of humanity, Hazrat Mu
Published 12 Dec, 2016 12:00am
Pakistani Navy ship saves lives in Gulf of Aden

Pakistani Navy ship saves lives in Gulf of Aden

Pakistan Navy Ship while deployed on Counter Piracy mission saved precious lives in Gulf of Aden. The ship was operating as a part of Combined Task Force 151 (CTF-151), an international Coalition Task Force of naval ships and aircraft formed under the UN
Published 12 Dec, 2016 12:00am
KP senator becomes first woman minister to get HR award

KP senator becomes first woman minister to get HR award

Senator Sitara Ayaz from Awami National Party awarded for National Award for human rights by President of Pakistan. Sitara Ayaz who is hailing from village Jhanda, District Swabi of Khyber Pakhtunkhwa was among the founders of Women Action Forum in Peshaw
Published 12 Dec, 2016 12:00am
Police form monitoring committee for graveyards

Police form monitoring committee for graveyards

The police on Sunday decided to form a committee to monitor the graveyards in Karachi. The move came after the matter of selling graves surfaced in Azizabad area. Police has stepped up the investigation in the issue. The committee will gather details rega
Published 12 Dec, 2016 12:00am
'Universities foster competencies to make students productive citizen'

'Universities foster competencies to make students productive citizen'

The 13th convocation of Bahria University Karachi Campus and the 7th Convocation of Pakistan Navy School of Logistics were held at Bahria University Campus, here on Saturday. As many as 866 degrees were awarded to the Undergraduate and Graduate students a
Published 12 Dec, 2016 12:00am
Sartaj upbeat on Pakistan's ties with Bahrain

Sartaj upbeat on Pakistan's ties with Bahrain

Adviser to Prime Minister on Foreign Affairs, Sartaj Aziz on Sunday said, "Bahrain and other countries of the Gulf Co-operation Council can benefit from the opportunities offered by economic turnaround and connectivity projects in Pakistan."
Published 12 Dec, 2016 12:00am
Pakistan, Bahrain agree to deepen economic, trade ties

Pakistan, Bahrain agree to deepen economic, trade ties

Pakistan and Bahrain have agreed to take bilateral co-operation in economic and trade sector to a new level by holding the Joint Ministerial Commission (JMC) meeting here during next month.
Published 12 Dec, 2016 12:00am
Mixed trend in prices of essential food commodities witnessed

Mixed trend in prices of essential food commodities witnessed

A mix trend in prices of essential food commodities, including pulses, vegetable, sugar, chicken, eggs, has witnessed as rates of some items decreased while other increased slightly in retail market, according to survey conducted by Business Recorder <
Published 12 Dec, 2016 12:00am
Pakistani embassy in Washington holds Christmas dinner

Pakistani embassy in Washington holds Christmas dinner

The Pakistan Embassy and a Virginia-based community organisation held a Christmas dinner to acknowledge the important role played by Christian brothers and sisters in the national development of their motherland.
Published 12 Dec, 2016 12:00am
Somalia suicide truck bombing kills over 20

Somalia suicide truck bombing kills over 20

More than 20 people were killed Sunday in a suicide truck bombing in the Somali capital Mogadishu, police said, in a fresh strike claimed by the Al-Qaeda-linked Shabaab group. "The tally we have made so far indicates that more than 20 people, most of them
Published 12 Dec, 2016 12:00am
Algerian blogger jailed over Facebook poem dies

Algerian blogger jailed over Facebook poem dies

A British-Algerian journalist died Sunday after having staged a hunger strike to protest a two-year jail term for offending Algeria's president in a poem posted online, his lawyer said. "I can confirm the death of the journalist Mohamed Tamalt in Bab el-O
Published 12 Dec, 2016 12:00am
Three Ukrainian troops killed in rebel east

Three Ukrainian troops killed in rebel east

Three Ukrainian soldiers were killed and two wounded in the country's rebel east, the bloodiest day for government forces in more than a month, Kiev said Sunday. "Over the past 24 hours three Ukrainian soldiers were killed in combat," military spokesman O
Published 12 Dec, 2016 12:00am
Kyrgyzstan approves controversial constitution reform

Kyrgyzstan approves controversial constitution reform

Voters in Kyrgyzstan Sunday approved a raft of constitutional changes that strengthen the hand of President Almazbek Atambayev, suggesting a drift away from Western-style democracy in the Central Asian state.
Published 12 Dec, 2016 12:00am
Gentiloni named as Italy's new prime minister

Gentiloni named as Italy's new prime minister

Paolo Gentiloni was named Sunday as Italy's new prime minister following reformist leader Matteo Renzi's resignation in the wake of a crushing referendum defeat.
Published 12 Dec, 2016 12:00am
North Korea military drill targets South's presidential office

North Korea military drill targets South's presidential office

South Korea warned Sunday of "fatal" consequences for Pyongyang's leadership if provoked into conflict, after North Korean leader Kim Jong-Un oversaw a military drill simulating an attack on Seoul's presidential Blue House.
Published 12 Dec, 2016 12:00am
'Romany music queen' dies

'Romany music queen' dies

Esma Redzepova, the prominent and versatile Roma singer dubbed the "Romany music queen", has died at the age of 73, hospital sources and her family said Sunday. Redzepova was one of the first vocalists in the Balkans to sing in the Romany language and per
Published 12 Dec, 2016 12:00am
John Kerry given France's highest honour

John Kerry given France's highest honour

US Secretary of State John Kerry has been given the Legion d'Honneur, France's highest honour, with his French counterpart calling him "the most French of American officials". At a ceremony in Paris on Saturday, French Foreign Minister Jean-Marc Ayrault a
Published 12 Dec, 2016 12:00am
Dollar near peak, US could slip into recession in 2017
Currency

Dollar near peak, US could slip into recession in 2017

The dollar's rally since the US election is likely to run out of steam soon and the damage from its strength in the past month could be enough to put the world's largest economy into a recession, an investment chief at Saxo Bank said on Monday. The dollar
Published 12 Dec, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.84-78.84 (previous 78.83-78.84).
Published 12 Dec, 2016 12:00am
CDS sellers pose bigger contagion risk than CCPs

CDS sellers pose bigger contagion risk than CCPs

Central counterparty clearing firms do not constitute a major source of systemic risk, a new study from the US Treasury shows, but large counterparties that are heavy net sellers of credit default swaps could pose a threat to the financial system, irrespe
Published 12 Dec, 2016 12:00am
CDS sellers pose bigger contagion risk than CCPs

CDS sellers pose bigger contagion risk than CCPs

Central counterparty clearing firms do not constitute a major source of systemic risk, a new study from the US Treasury shows, but large counterparties that are heavy net sellers of credit default swaps could pose a threat to the financial system, irrespe
Published 12 Dec, 2016 12:00am
Central banks taking 'back seat' in crisis response: BIS
Currency

Central banks taking 'back seat' in crisis response: BIS

In the aftermath of this quarter's market rattling events, such as Donald Trump's election win, central banks "took a back seat", the Bank of International Settlements (BIS) said Sunday, describing the trend as "healthy".
Published 12 Dec, 2016 12:00am
World's longest tunnel opens regular service in Switzerland

World's longest tunnel opens regular service in Switzerland

Regular rail service through the world's longest tunnel began on Sunday, carrying passengers deep under the Swiss Alps from Zurich to Lugano. The famed Gotthard Base Tunnel (GBT) had a ceremonial opening in June, attracting European leaders like German Ch
Published 12 Dec, 2016 12:00am
Qatar to merge state-owned giant gas producers

Qatar to merge state-owned giant gas producers

Qatar, the world's largest liquefied natural gas producer, announced on Sunday it is to merge state-owned Qatargas and RasGas to create a "truly unique global energy operator".
Published 12 Dec, 2016 12:00am
Big banks in US could see fat payday under Trump

Big banks in US could see fat payday under Trump

After eight years of unrelenting scrutiny and billions of dollars in legal settlements, the banking industry suddenly is facing a more hospitable political climate in Washington next year. Prior to November 8, Wall Street had been girding for a potential
Published 12 Dec, 2016 12:00am
Vietnam arrests five bankers

Vietnam arrests five bankers

Vietnam has arrested five former bank employees for alleged mismanagement, including an ex-managing director and his deputy, the latest executives to be punished in the scandal-hit sector. Tran Phuong Binh, his deputy Nguyen Thi Ngoc Van and three others
Published 12 Dec, 2016 12:00am
Russia signs Rosneft deal with Qatar, Glencore

Russia signs Rosneft deal with Qatar, Glencore

Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority (QIA) and commodities trader Glencore to sell a 19.5 percent stake in state-owned oil major Rosneft, Rosneft said.
Published 12 Dec, 2016 12:00am
Barclays bets on investment banking in Brexit UK

Barclays bets on investment banking in Brexit UK

Barclays Plc is taking a contrarian bet that Britain's vote to leave the European Union will help it win more investment banking business in its home market, despite the sharp slowdown in deal activity since the referendum.
Published 12 Dec, 2016 12:00am
Ford releases for sale half of 10-speed F-150 stockpiled trucks

Ford releases for sale half of 10-speed F-150 stockpiled trucks

Ford Motor Co by Wednesday had released for sale more than half of the 15,000 F-150 pickup trucks with 10-speed transmissions that were held to ensure quality, a company spokeswoman said. Reuters reported on Tuesday that shipment of some of the 2017 model
Published 12 Dec, 2016 12:00am
Norwegian Air to order more Boeing, Airbus planes

Norwegian Air to order more Boeing, Airbus planes

Budget carrier Norwegian Air Shuttle plans to order more aircraft from Boeing and Airbus after its Irish subsidiary received long-awaited flying rights from US authorities, its Chief Executive told Reuters.
Published 12 Dec, 2016 12:00am
Dubai's Drake & Scull appoints PwC as adviser in turnaround move

Dubai's Drake & Scull appoints PwC as adviser in turnaround move

PricewaterhouseCoopers (PwC) has been appointed as strategic adviser to Drake & Scull International (DSI) in a move sources said could lead to a range of options for the Dubai-based contractor including bringing in a minority investor or a debt restructur
Published 12 Dec, 2016 12:00am
IKEA looks to $6 billion revamp to spur growth

IKEA looks to $6 billion revamp to spur growth

The IKEA Group said on Wednesday it had sold key subsidiaries for 5.2 billion euros ($5.58 billion) as part of an overhaul to help the furniture retailer react to new competition and shifts in consumer preferences away from its vast out-of-town stores.
Published 12 Dec, 2016 12:00am
Google meets renewable energy goal for global operations

Google meets renewable energy goal for global operations

Alphabet's Google is on track to purchase enough renewable energy to cover all its global electricity consumption next year, the company said on Tuesday. Google expects its purchases of wind and solar energy will be enough to cover its data centers and of
Published 12 Dec, 2016 12:00am
Starbucks to add 12,000 cafes globally

Starbucks to add 12,000 cafes globally

US coffee giant Starbucks outlined plans on Wednesday to add 12,000 cafes globally by 2021, including a group of new premium stores that will showcase rare coffees and gourmet food.
Published 12 Dec, 2016 12:00am
Brazil's MRV sees home sales cancellations halving

Brazil's MRV sees home sales cancellations halving

MRV Engenharia SA expects to more than halve the number of failed home sales in coming months, a sign that efforts by Brazil's No 1 low-income homebuilder to toughen terms for potential buyers will soon bear fruit, co-Chief Executive Officer Eduardo Fisch
Published 12 Dec, 2016 12:00am
Car Company offering red light-reading vehicles in Las Vegas

Car Company offering red light-reading vehicles in Las Vegas

On the theory that a driver who knows when a red light will turn green is more relaxed and aware, vehicle manufacturer Audi is unveiling this week in Las Vegas a technology that enables vehicles to "read" traffic signals ahead and tell the motorist how lo
Published 12 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 12 Dec, 2016 12:00am
China users complain of combustible iPhones: consumer watchdog

China users complain of combustible iPhones: consumer watchdog

Several Chinese iPhone users have claimed that their handsets caught fire or exploded, according to a Shanghai consumer watchdog which called on tech giant Apple to address the complaints. Fresh on the heels of Samsung's world-wide Galaxy Note 7 safety fi
Published 12 Dec, 2016 12:00am
Apple Music attracts 20 million subscribers

Apple Music attracts 20 million subscribers

Apple's streaming service says it has reached 20 million subscribers, showing quick growth as the tech titan tries to close in on sector leader Spotify. Apple Music launched in June 2015 as Apple, which revolutionised digital music with iTunes 15 years ag
Published 12 Dec, 2016 12:00am
Facial recognition available to public for first time on mobile

Facial recognition available to public for first time on mobile

For the first time ever, anyone can use real-time facial recognition technology on their phones to recognise people and unlock information about them - changing the way we communicate and connect to each other. Never before has technology combined augment
Published 12 Dec, 2016 12:00am
Time runs out for smartwatch pioneer Pebble

Time runs out for smartwatch pioneer Pebble

Smartwatch pioneer Pebble announced Wednesday it was shutting down, with tech wearables giant Fitbit acquiring some of its assets including key personnel. "Due to various factors, Pebble is no longer able to operate as an independent entity. We have made
Published 12 Dec, 2016 12:00am
Electric car manufacturer Tesla recalls charging adapters

Electric car manufacturer Tesla recalls charging adapters

US electric car manufacturer Tesla on Tuesday issued a recall of charging adapters for its electric cars which could be in danger of melting from overheating. The company's NEMA 14-30, 10-30, 6-50 adapters are all affected, according to a statement on the
Published 12 Dec, 2016 12:00am
Need to confess sins? New app in Spain finds nearest priest

Need to confess sins? New app in Spain finds nearest priest

Catholics seeking to confess their sins to a priest in Spain can now turn to a new app to find the nearest available cleric. Confesor GO detects a user's location and shows the location of priests around them who are ready to listen to their sins as well
Published 12 Dec, 2016 12:00am
Greenland's ice-free past exposes sea level rise danger

Greenland's ice-free past exposes sea level rise danger

The massive Greenland ice sheet has melted away at least once during the last 1.4 million years, according to a study published on Wednesday, raising fears that manmade climate change could provoke dangerous sea levels.
Published 12 Dec, 2016 12:00am
Earth's days getting longer, slower

Earth's days getting longer, slower

Earth's days are getting longer but you're not likely to notice any time soon - it would take about 3.3 million years to gain just one minute, according to a study published on Wednesday. Over the past 27 centuries, the average day has lengthened at a rat
Published 12 Dec, 2016 12:00am
Even with one cigarette a day, odds of early death are higher

Even with one cigarette a day, odds of early death are higher

Smokers who go through much less than a pack of cigarettes a day still have a higher risk of an early death than non-smokers, a new study suggests. "There is no safe level of cigarette smoking," said lead study author Maki Inoue-Choi, a researcher at the
Published 12 Dec, 2016 12:00am
Injections, implants tested as new weapons to prevent HIV

Injections, implants tested as new weapons to prevent HIV

Scientists are taking the battle to prevent HIV to the next level with large-scale trials set to start using injections to protect vulnerable groups such as gay men and women in Africa for at least two months.
Published 12 Dec, 2016 12:00am
Preventing cancer spread: mouse study points to fat

Preventing cancer spread: mouse study points to fat

Spanish scientists announced on Wednesday they may have identified a way to stop cancer from spreading, at least in mice, and said it could be linked to eating fat. Writing in the journal Nature, the team said they had discovered a type of tumour cell whi
Published 12 Dec, 2016 12:00am
Kohli at the double as England wilt in India

Kohli at the double as England wilt in India

Star batsman Virat Kohli smashed a massive double century before England slumped to 182-6 at stumps on day four as India closed in on victory in the fourth Test Sunday.
Published 12 Dec, 2016 12:00am
Joshua retains world heavyweight title, targets Klitschko

Joshua retains world heavyweight title, targets Klitschko

Anthony Joshua paved the way for a fight against Wladimir Klitschko next year by making quick work of Eric Molina in a third round win on Saturday. The Briton successfully defended his IBF world heavyweight title for a second time with another brutal demo
Published 12 Dec, 2016 12:00am
Tokyo starts construction of main Olympic stadium

Tokyo starts construction of main Olympic stadium

Construction of the main stadium for the Tokyo 2020 Olympics officially started Sunday, more than a year after the original blueprints were torn up following public outcry over skyrocketing costs.
Published 12 Dec, 2016 12:00am
Ramos to the rescue as Real set 35-game unbeaten record

Ramos to the rescue as Real set 35-game unbeaten record

Real Madrid captain Sergio Ramos produced more late drama by powering home a stoppage-time winner to beat Deportivo la Coruna 3-2 as the European champions set a new club record of 35 games unbeaten in all competitions.
Published 12 Dec, 2016 12:00am
Ronaldo declared 20m euros in Swiss banks

Ronaldo declared 20m euros in Swiss banks

Cristiano Ronaldo declared income of over 225 million euros in 2015, including 20 million euros held in 22 Swiss bank accounts, a Spanish newspaper reported Sunday as the Real Madrid star battles accusations of tax evasion.
Published 12 Dec, 2016 12:00am
Master Paints win Magic River Polo Cup

Master Paints win Magic River Polo Cup

Master Paints outpaced Olympia by 10-5 in the main final to win the Magic River Polo Cup 2016 title here at the Lahore Polo Club (LPC) ground, here on Sunday.
Published 12 Dec, 2016 12:00am
Costa gem sends Chelsea back to the top

Costa gem sends Chelsea back to the top

Diego Costa fired Chelsea back to the top of the Premier League as the Spain striker's late winner clinched a hard-fought 1-0 victory against West Bromwich Albion on Sunday.
Published 12 Dec, 2016 12:00am
Hussain Hamid win Quaid-e-Azam Amateur Golf title

Hussain Hamid win Quaid-e-Azam Amateur Golf title

The second All Pakistan Quaid-e-Azam Amateur Golf Championship came to a competitive conclusion at the Lahore Gymkhana Golf Course Sunday. Over the days of the championship, a total of 104 accomplished and skill loaded amateurs have striven hard to carve
Published 12 Dec, 2016 12:00am
Racing: Japanese superstar Maurice clinches Hong Kong Cup

Racing: Japanese superstar Maurice clinches Hong Kong Cup

Japan's superstar Maurice clinched the Hong Kong Cup on Sunday at the city's Longines International Races, one of the world's richest race meetings with a total purse of HK$83 million. British jockey Ryan Moore stormed to victory in the last strides and f
Published 12 Dec, 2016 12:00am
A worrisome gender gap among voters

A worrisome gender gap among voters

Talking to the press the other day, Secretary of the Election Commission of Pakistan, Babar Yaqub Fateh, had some disconcerting information to disclose regarding the latest electoral rolls revision exercise. The gap between registered male and female vote
Published 12 Dec, 2016 12:00am
Fighting chronic Malnutrition

Fighting chronic Malnutrition

In a deeply disturbing account of the prevalent levels of chronic malnutrition in this country, a recent newspaper report quotes the National Nutrition Survey, 2011, to show that one-third of all children in this country are underweight, nearly 44 percent
Published 12 Dec, 2016 12:00am
Fire at Karachi hotel

Fire at Karachi hotel

In yet another fire accident in Karachi, this time at a four-star hotel, at least 11 people died from inhaling smoke flowing through air conditioning ducts and 75 others were injured when a fire broke out in the wee hours of Monday in its kitchen located
Published 12 Dec, 2016 12:00am
Slow growth in FBR revenues

Slow growth in FBR revenues

FBR put in a stellar performance in 2015-16. The target for the year was more than achieved. The growth rate was over 20%, the highest since 2011-12. In one year, the tax-to-GDP ratio was raised by one percentage point. The only disappointment, if any, wa
Published 12 Dec, 2016 12:00am
The profundity of latest economic literature

The profundity of latest economic literature

Pakistan's federal finance ministers have generally opted for those policies/reforms that are supported by multilaterals/bilaterals that are politically the least challenging - as it facilitates borrowing - or implement outdated theories taught at the tim
Published 12 Dec, 2016 12:00am
China faces battle over market economy status

China faces battle over market economy status

China's battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing's deal to join the WTO expires Sunday. As China marks the 15th anniversary of its accession to the
Published 12 Dec, 2016 12:00am
'No longer missing'

'No longer missing'

This is apropos a Business Recorder editorial "No longer missing' carried by the newspaper yesterday. The editorial argued, among other things, that "the India factor too impinges on the present approach to the problem. If for the sake of argument,
Published 12 Dec, 2016 12:00am
EDB accused of allocating unchecked quota

EDB accused of allocating unchecked quota

The Directorate General Federal Audit has accused Engineering Development Board (EDB) of allotting unchecked quota of importable spare parts to the Original Equipment Manufacturers (OEMs) and recommended detailed scrutiny of items imported after availing
Published 12 Dec, 2016 12:00am
Lowari Tunnel closed for traffic due to snowfall

Lowari Tunnel closed for traffic due to snowfall

Due to heavy snowfall, Lowari Tunnel has been closed for all sorts of vehicular traffic leaving the largest district Chitral cut-off from the rest of country. The tunnel will remain open for traffic on Friday from 7:00 am to 7:00 pm.
Published 12 Dec, 2016 12:00am
Minister warns of legal action against insolent doctors

Minister warns of legal action against insolent doctors

Provincial Minister for Specialised Healthcare & Medical Education Khawaja Salman Rafique said that legal action would be taken against those disgracing the sanctity of medical profession, trying to insult the teachers and creating hurdles in the treatmen
Published 12 Dec, 2016 12:00am
PSP leaders start mass contact drive

PSP leaders start mass contact drive

The Pak Sarzameen Party's leaders Syed Mustafa Kamal and Anees Qaimkhani visited different parts of Latifabad here on Sunday and invited the common people to attend the PSP's first public meeting in Hyderabad on December 23. Mustafa Kamal, Qaimkhani and o
Published 12 Dec, 2016 12:00am
Kazi Afaq elected Old Ravians' president

Kazi Afaq elected Old Ravians' president

The Government College University's (GCU) alumni have elected the new Executive Committee of the Old Ravians Union (ORU) for session 2016-2018 with Qazi Afaq Hossain, the member Federal Service Tribunal and former federal secretary, as the president.
Published 12 Dec, 2016 12:00am
Senate meets on December 15

Senate meets on December 15

Chairman Senate, Mian Raza Rabbani has summoned the Senate of Pakistan to meet on Thursday, December 15. The session has been summoned on a requisition submitted by 36 senators.
Published 12 Dec, 2016 12:00am
Improved law & order brings people back to parks, says PML-N minister

Improved law & order brings people back to parks, says PML-N minister

Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb Sunday said people's confidence had restored as the law and order situation improved due to the PML-N government's efforts and increasing number of visitors to parks
Published 12 Dec, 2016 12:00am
Panama Leaks case tarnishes judiciary's reputation, says Bilawal

Panama Leaks case tarnishes judiciary's reputation, says Bilawal

Pakistan People's Party Chairman Bilawal Bhutto on Sunday lambasted the political opponents saying that he couldn't get along with 'those taking u-turns.' He also said that Panama Papers Leaks case was quite detrimental to the judiciary's reputation.
Published 12 Dec, 2016 12:00am
Taliban tracts in South Waziristan threaten journalists

Taliban tracts in South Waziristan threaten journalists

Pakistani Taliban militants have distributed pamphlets in parts of South Waziristan tribal region, issuing threats to the media persons in the area. The pamphlet again highlights the dangers to the lives of the tribal journalists and the freedom of expres
Published 12 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. (December 05 to 09 2016).

Published 12 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 12 Dec, 2016 12:00am
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