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Archive - 2016-12-14
Putin, Abe to take fresh stab at WWII island row
Asia

Putin, Abe to take fresh stab at WWII island row

NAGATO: Russia and Japan kick off a summit Thursday aimed at reaching a deal over a group of small islands that have prevented the countries from formally ending their World War II hostilities.
Published 14 Dec, 2016 09:46pm
C$ posts 8-week high ahead of Fed rate decision
Financial

C$ posts 8-week high ahead of Fed rate decision

TORONTO: The Canadian dollar strengthened to an eight-week high against its US counterpart on Wednesday as broader losses for the greenback ahead of a Federal Reserve interest rate decision eclipsed a dip in oil prices and mixed domestic data.
Published 14 Dec, 2016 09:32pm
Canada debt-to-income sets another record high
World

Canada debt-to-income sets another record high

OTTAWA: Canadian household debt as a share of income hit another record in the third quarter as the pace of borrowing outstripped wage gains, Statistics Canada showed on Wednesday.
Published 14 Dec, 2016 09:32pm
Brazil's Temer loses top aide due to graft allegations
World

Brazil's Temer loses top aide due to graft allegations

BRASILIA: One of Brazilian President Michel Temer's closest aides resigned on Wednesday following allegations he had received graft money from engineering conglomerate Odebrecht in a widening corruption scandal that is besieging the government.
Published 14 Dec, 2016 09:31pm
Actelion talking to Sanofi after J&J exit
Industry

Actelion talking to Sanofi after J&J exit

ZURICH/LONDON: Switzerland's Actelion Ltd is in talks with French drugmaker Sanofi about a deal, sources said on Wednesday, after US healthcare group Johnson & Johnson abandoned efforts to buy the company.
Published 14 Dec, 2016 09:23pm
King Salman acknowledges Saudis' economic pain
Middle East

King Salman acknowledges Saudis' economic pain

RIYADH: King Salman told Saudis on Wednesday he recognised that economic restructuring measures adopted in response to a sharp drop in oil prices were painful, but said they were necessary to avoid long-term damage to the country.
Published 14 Dec, 2016 09:20pm
Key economic aide to Brazil leader preparing to leave government
World

Key economic aide to Brazil leader preparing to leave government

BRASILIA: Brazil's infrastructure investment secretary Wellington Moreira Franco, a top aide to President Michel Temer, has drafted his resignation letter and is preparing to leave the government, a source close to the official told Reuters Wednesday.
Published 14 Dec, 2016 09:18pm
Hungary's 2016 budget deficit to exceed 2pc/GDP
World

Hungary's 2016 budget deficit to exceed 2pc/GDP

BUDAPEST: Hungary's 2016 budget deficit will exceed 2 percent of gross domestic product after increased spending late in the year but remain below European Union limits, Prime Minister Viktor Orban's chief of staff said on Wednesday.
Published 14 Dec, 2016 09:13pm
Stocks, dollar edge lower as countdown to Fed begins
Financial

Stocks, dollar edge lower as countdown to Fed begins

NEW YORK: World stock indexes and the US dollar eased on Wednesday ahead the US Federal Reserve's statement and expected interest rate increase, with investors bracing for what the central bank may signal about future hikes.
Published 14 Dec, 2016 09:08pm
Global zinc market deficit narrows slightly in Oct
Commodities

Global zinc market deficit narrows slightly in Oct

LONDON: The global zinc market deficit narrowed slightly to 17,000 tonnes in October from a deficit of 20,000 tonnes in September, data from the International Lead and Zinc Study Group (ILZSG) showed on Wednesday.
Published 14 Dec, 2016 09:08pm
US rates futures add gains after retail sales data
Money & Banking

US rates futures add gains after retail sales data

NEW YORK: Short-term US interest rates futures extended their earlier rise early Wednesday as a smaller-than-forecast rise in retail sales in November reduced bets the Federal Reserve would ratchet up its pace on raising interest rates.
Published 14 Dec, 2016 08:53pm
Russia says grain export capacity up ninefold in last 14 years
World

Russia says grain export capacity up ninefold in last 14 years

MOSCOW: Russia, expected to become the world's top wheat exporter this season, has ramped up its grain export capacity to 45 million tonnes and will now focus on infrastructure in remote areas, Agriculture Minister Alexander Tkachev said on Wednesday.
Published 14 Dec, 2016 08:45pm
Syrian government must prevent reprisals in Aleppo: UN
World Top News

Syrian government must prevent reprisals in Aleppo: UN

GENEVA: UN war crimes investigators said on Wednesday the Syrian government bore the main responsibility for preventing any attacks and reprisals in eastern Aleppo and that it must hold to account any troops or allied forces committing violations.
Published 14 Dec, 2016 08:41pm
Syrian leader Assad's Shia allies helped him win in Aleppo
Middle East

Syrian leader Assad's Shia allies helped him win in Aleppo

BEIRUT/AMMAN/GENEVA: When rebel fighters launched a last desperate attempt to break the siege of Aleppo in October, they were beaten back - not by the Syrian army but by the Lebanese Shia group Hezbollah fighting on its behalf, a senior official in the pr
Published 14 Dec, 2016 08:40pm
Trump picks climate skeptic Perry for top US energy job
North America

Trump picks climate skeptic Perry for top US energy job

WASHINGTON: President-elect Donald Trump on Wednesday named former Texas Governor Rick Perry to head the US Department of Energy, handing the job to a climate change skeptic with close ties to the oil industry who once proposed abolishing the department.
Published 14 Dec, 2016 08:36pm
Turkish foreign minister talks to US counterpart
Europe

Turkish foreign minister talks to US counterpart

ANKARA: Turkish Foreign Minister Mevlut Cavusoglu spoke by phone with his US counterpart on Wednesday, sources in the Turkish foreign ministry said, as Ankara tried to keep a fragile truce in Syria's Aleppo on track.
Published 14 Dec, 2016 08:35pm
UK employment slips from post-referendum record, wages strengthen
Europe

UK employment slips from post-referendum record, wages strengthen

LONDON: The number of people in work in Britain has fallen slightly for the first time in over a year, suggesting that a six-year expansion in the labour market may be coming to an end ahead of a Brexit-led economic slowdown which is expected next year.
Published 14 Dec, 2016 08:34pm
US mortgage activity falls as 30-year rates hit 2-year highs
World

US mortgage activity falls as 30-year rates hit 2-year highs

NEW YORK: US mortgage application activity declined for a third straight week as interest rates on 30-year fixed-rate home loans reached their highest levels in more than two years, Mortgage Bankers Association data released on Wednesday showed.
Published 14 Dec, 2016 08:18pm
Wall St set to open flat as Fed decision looms
Financial

Wall St set to open flat as Fed decision looms

NEW YORK: Wall Street looked set to open little changed on Wednesday, a day after all three major indexes hit record highs, as investors refrained from making large bets ahead of the outcome of the US Federal Reserve meeting where the central bank is wide
Published 14 Dec, 2016 08:17pm
PIA spokesman refutes baseless reports about ill-fated ATR aircraft
Pakistan Top News

PIA spokesman refutes baseless reports about ill-fated ATR aircraft

KARACHI: A spokesman for the Pakistan International Airlines (PIA) Wednesday strongly rebutted a news item reported by a section of media that the ill-fated ATR aircraft (PK-661 flight) had some known defect and yet was operated on the instructions of the
Published 14 Dec, 2016 08:15pm
Goldman Sachs unveils CEO succession plan
Industry

Goldman Sachs unveils CEO succession plan

NEW YORK: Goldman Sachs named a pair of executives Wednesday to replace president Gary Cohn, who is joining the Trump administration, to potentially succeed chief executive Lloyd Blankfein in the coming years.
Published 14 Dec, 2016 08:08pm
Putin is world's most powerful man, Trump in second: Forbes
Pakistan Top News

Putin is world's most powerful man, Trump in second: Forbes

NEW YORK: Vladimir Putin was the world's most powerful person for a fourth straight year in 2016, with US president-elect Donald Trump in second place, Forbes magazine said Wednesday in its annual rankings.
Published 14 Dec, 2016 08:04pm
Rebel rocket fire kills seven in Aleppo: state TV
Middle East

Rebel rocket fire kills seven in Aleppo: state TV

DAMASCUS: Rebel rocket fire on government-held parts of Syria's second city Aleppo killed seven people and wounded others, state television said Wednesday after fighting resumed and an evacuation deal was suspended.
Published 14 Dec, 2016 08:03pm
Saudi rejects interference in Yemen: King
World Top News

Saudi rejects interference in Yemen: King

RIYADH: Saudi Arabia is determined to prevent external "interference" in neighbouring war-torn Yemen, King Salman said in an annual address on Wednesday.
Published 14 Dec, 2016 07:59pm
Spanish police arrest 200 Chinese in telephone fraud scam
Europe

Spanish police arrest 200 Chinese in telephone fraud scam

MADRID: Spanish police have arrested more than 200 Chinese nationals suspected of running call centres from luxury villas that swindled over 16 million euros ($17 million) from their compatriots in China, officers said Wednesday.
Published 14 Dec, 2016 07:56pm
Trump meets with tech execs, including his critics
World Top News

Trump meets with tech execs, including his critics

NEW YORK: US President-elect Donald Trump sits down Wednesday with top tech executives -- including several of his sharpest critics -- to mend fences after a divisive election in which the majority of Silicon Valley backed Hillary Clinton.
Published 14 Dec, 2016 07:55pm
All district headquarters to be developed: CM
General News

All district headquarters to be developed: CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that he was taking personal interest in the development of each and every district of the province and no district would be left undeveloped.
Published 14 Dec, 2016 07:51pm
Autumn flower show in full swing
General News

Autumn flower show in full swing

RAWALPINDI: The five-day autumn flower exhibition, which began here on Dec 11, was in full swing, Director General Parks and Horticultural Agency Abid Malik said Wednesday.
Published 14 Dec, 2016 07:36pm
COAS visits Corps, Rangers HQs Karachi
Pakistan Top News

COAS visits Corps, Rangers HQs Karachi

RAWALPINDI: Chief of Army Staff (COAS) General Qamar Javed Bajwa Wednesday visited Corps Headquarters and Rangers Headquarters Karachi.
Published 14 Dec, 2016 07:34pm
Dar chairs meeting on Anti Money Laundering
Pakistan Top News

Dar chairs meeting on Anti Money Laundering

ISLAMABAD: Finance Minister Mohammad Ishaq Dar Wednesday chaired a meeting on Anti Money Laundering (AML) regime and its implementation in Pakistan.
Published 14 Dec, 2016 07:33pm
Trump, Pakistani leadership share views on counter-terrorism operations
Pakistan Top News

Trump, Pakistani leadership share views on counter-terrorism operations

WASHINGTON: Special Assistant to the Prime Minister on Foreign Affairs Syed Tariq Fatemi has said that US President-elect Donald Trump's views on counter-terrorism operations align with those of Pakistan's leadership, and Islamabad is looking forw
Published 14 Dec, 2016 05:04pm
Junaid Jamshed's body arrives
Front Top News

Junaid Jamshed's body arrives

KARACHI: The dead body of noted religious scholar, Junaid Jamshed, arrived here on Wednesday evening from Islamabad.
Published 14 Dec, 2016 04:44pm
Dar directs BoI to formulate long term investment plan
Business & Economy

Dar directs BoI to formulate long term investment plan

ISLAMABAD: Minister for Finance Mohammad Ishaq Dar Wednesday directed the Board of Investment (BoI) for formulating a long term investment plan focusing on sectors which had potential to absorb maximum investments and create more job opportunities in coun
Published 14 Dec, 2016 02:29pm
CDNS achieves Rs92bn target by Dec 08
Top News

CDNS achieves Rs92bn target by Dec 08

ISLAMABAD: The Central Directorate of National Savings (CDNS) achieved Rs 92 billion in last months of second quarter of current fiscal year from July 1 to December 08, 2016-17.
Published 14 Dec, 2016 02:26pm
Dar directs SECP to consult stakeholders on Draft Modaraba Act, 2016
Pakistan Top News

Dar directs SECP to consult stakeholders on Draft Modaraba Act, 2016

ISLAMABAD: Federal Finance Minister, Senator Mohammad Ishaq Dar on Wednesday directed the Security Exchange Commission of Pakistan (SECP) to consult all the relevant stakeholders on Draft Modaraba Companies and Modaraba (Floatation and Control) Ordinance,
Published 14 Dec, 2016 02:25pm
Use of innovation, technology can make Pakistan export powerhouse: WB report
Pakistan Top News

Use of innovation, technology can make Pakistan export powerhouse: WB report

ISLAMABAD: South Asia could become the fastest growing exporting region of the world if authorities in Pakistan and its South Asian neighbors implement a set of policy actions aimed at improving the business environment, connecting to global value chains
Published 14 Dec, 2016 02:24pm
US retail sales growth slows in November
World

US retail sales growth slows in November

WASHINGTON: US retail sales edged upwards as the holiday season approached in November but were significantly slower than in prior month, the Commerce Department said Wednesday.
Published 14 Dec, 2016 02:22pm
Japanese ambassador meets CM Sindh
General News

Japanese ambassador meets CM Sindh

KARACHI: Ambassador of Japan, Takashi Kurai called on Sindh Chief Minister Syed Murad Ali Shah Wednesday at CM House and discussed Japan assisted development schemes with him.
Published 14 Dec, 2016 02:21pm
Hearing relating to Sharmila adjourned till Dec 23
General News

Hearing relating to Sharmila adjourned till Dec 23

KARACHI: The hearing of a petition seeking court's directives against the National Accountability Bureau (NAB)'s declaration of ineligibility for holding any government office by the former special assistant to Chief Minister Sharmila Farooqui adj
Published 14 Dec, 2016 02:19pm
China new bank loans grow modestly in November
Money & Banking

China new bank loans grow modestly in November

SHANGHAI: Chinese bank lending grew modestly month-on-month in November, official data showed Wednesday, after being almost halved in October, the latest indication that the country's economy may be stabilising.
Published 14 Dec, 2016 02:13pm
LHC dismisses plea against PM, CM
General News

LHC dismisses plea against PM, CM

LAHORE: The Lahore High Court (LHC) on Wednesday dismissed a petition seeking disqualification of Prime Minister Muhammad Nawaz Sharif and Punjab Chief Minister Muhammad Shehbaz Sharif for being non-maintainable.
Published 14 Dec, 2016 02:08pm
China to fine US automaker
Industry

China to fine US automaker

BEIJING: China will slap fines on an unnamed US carmaker for monopolistic behaviour, the state-run China Daily said Wednesday, as rhetoric over trade heats up between Beijing and US president-elect Donald Trump.
Published 14 Dec, 2016 01:57pm
Jatoi inaugurates CFTC for uplifting quality of small arms
General News

Jatoi inaugurates CFTC for uplifting quality of small arms

PESHAWAR: Federal Minister for Industries and Production, Ghulam Murtaza Khan Jatoi here inaugurated Common Facility and Training Centre (CFTC) established under the auspices of Pakistan Hunting & Sporting Arms Development Company (PHSADC) for the uplifti
Published 14 Dec, 2016 01:40pm
Germany provides 46mn euros in grant to Jordan
Europe

Germany provides 46mn euros in grant to Jordan

AMMAN: The Special Representative of the German Federal Government for the Middle East Stability Partnership, Joachim Rucker, said the German government has agreed to provide more financial commitments to Jordan worth 46 million euros, putting the total v
Published 14 Dec, 2016 01:30pm
President lauds NDU role in education sector
General News

President lauds NDU role in education sector

ISLAMABAD: President Mamnoon Hussain Wednesday commended the role of National Defence University (NDU) in imparting quality education and training, besides carrying out research work in the defence strategies.
Published 14 Dec, 2016 01:22pm
Pak players in QF in Nepal International badminton series
Sports

Pak players in QF in Nepal International badminton series

LAHORE: Pakistan's top Badminton players Rizwan Azam, Palwasha Bashir and Mahoor Shahzad breezed into the quarterfinals of men singles and women singles after winning their respective ties in Nepal International Series Badminton Tournament in Katmandu
Published 14 Dec, 2016 01:05pm
Pakistan aim for Australia history
Cricket

Pakistan aim for Australia history

BRISBANE: The Pakistan team, six years in the making and armed with insider knowledge from coach Mickey Arthur, are poised to make history in Australia, veteran skipper Misbah-ul-Haq said Wednesday.
Published 14 Dec, 2016 12:55pm
Hong Kong stocks end higher
Financial

Hong Kong stocks end higher

HONG KONG: Hong Kong shares ended slightly higher on Wednesday following another record close on Wall Street as investors look ahead to the conclusion of a key Federal Reserve policy meeting later in the day.
Published 14 Dec, 2016 12:49pm
China's growth model reforms to spur global economy
World

China's growth model reforms to spur global economy

BEIJING: China will still be a growth engine of a global economy beset by instability, thanks to efforts to shift its growth model among other stimulus endeavors, scholars and business leaders from around the world have said.
Published 14 Dec, 2016 12:48pm
Shipping activity at Port Qasim
Business & Economy

Shipping activity at Port Qasim

KARACHI: Shipping activity remained active at the Port where five ships Maersk Memphis, UASC Al-Khor, Liberty-N, Johan Oldendorff and Rebecca Schulte carrying Containers, LPG, Coal, and Palm oil were arranged berthing at Qasim International Container Term
Published 14 Dec, 2016 12:43pm
Fierce fighting, shelling shake Aleppo: AFP
Middle East

Fierce fighting, shelling shake Aleppo: AFP

ALEPPO: Fierce fighting and shelling shook Syria's Aleppo on Wednesday, an AFP correspondent reported, as sources said a deal to evacuate civilians and fighters from rebel-held districts was on hold.
Published 14 Dec, 2016 11:16am
RECORDER REPORT: PSX close of day
Front Top News

RECORDER REPORT: PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Wednesday having 46185.
Published 14 Dec, 2016 11:02am
Wahab, Yasir clashed ahead of Pakistan-Australia encounter
Cricket

Wahab, Yasir clashed ahead of Pakistan-Australia encounter

Pakistan tour of Australia is being called the ultimate test for team Pakistan, Captain Misbah ul Haq termed it his toughest challenge yet, as no Asian team that also includes Pakistan has been unable to defeat the Kangaroos in their backyard.
Published 14 Dec, 2016 10:37am
Dollar steady ahead of Fed rate decision
Financial

Dollar steady ahead of Fed rate decision

LONDON: The dollar was steady on Wednesday in the run in to the Federal Reserve's policy statement later in the day, with an almost 1 percent fall this week showing minimal expectations the Fed will ramp up its forecasts for future rises in interest r
Published 14 Dec, 2016 10:28am
Balochistan's development means 'new Pakistan in-making': PM
Pakistan Top News

Balochistan's development means 'new Pakistan in-making': PM

TURBAT: Prime Minister Muhammad Nawaz Sharif on Wednesday said the dream of Balochistan's prosperity was being realized with completion of several development projects, ensuring "a new Pakistan in the making".
Published 14 Dec, 2016 10:17am
European stocks deflate at open
Financial

European stocks deflate at open

LONDON: Europe's main stock markets deflated at the open on Wednesday as investors awaited the latest interest rate decision from the US Federal Reserve.
Published 14 Dec, 2016 10:05am
India, England call off training amid cyclone chaos
Cricket

India, England call off training amid cyclone chaos

NEW DELHI: The England and Indian training sessions were cancelled Wednesday owing to unfit ground conditions at the MA Chidambaram stadium in cyclone-battered Chennai which hosts the fifth and final Test from Friday.
Published 14 Dec, 2016 09:54am
Year 2016 took a lot from us, take a look
Life & Style

Year 2016 took a lot from us, take a look

As the year 2016 comes to an end, bringing us happiness and leaving us with losses that cannot be overcome, the Pakistani nation mourns the loss of a number of its flowers that left us this year.
Published 14 Dec, 2016 09:43am
Inzamam comes out is support of Virat Kohli
Cricket

Inzamam comes out is support of Virat Kohli

Pakistan Chief Selector Inzamam-ul-Haq came out in support of Virat Kohli, and lashed out England pacer James Anderson, slamming the bowler for his comments on India's Kohli and his batting technique.
Published 14 Dec, 2016 09:07am
Army Chief Gen Qamar Bajwa arrives in Karachi
Front Top News

Army Chief Gen Qamar Bajwa arrives in Karachi

Karachi: Chief of Army Staff (COAS) General Qamar Bajwa arrived in Karachi for a day long visit on Wednesday, the Inter Services Public Relations (ISPR) reported.
Published 14 Dec, 2016 09:03am
London copper steadies ahead of Fed decision
Commodities

London copper steadies ahead of Fed decision

MELBOURNE: London copper edged up on Wednesday from a near two-week low hit in the previous session as the dollar eased and markets waited for Federal Reserve commentary that may cast fresh light over its outlook for U.
Published 14 Dec, 2016 06:57am
Iran crude oil exports to hit 5-month low in Dec
Energy

Iran crude oil exports to hit 5-month low in Dec

TOKYO: Iran's crude oil exports in December are set to fall 8 percent from November to a five-month low, a source with knowledge of its preliminary tanker schedule said, as lower shipments to China and others in Asia offset bumper exports to Europe.
Published 14 Dec, 2016 06:43am
Canada legalizing recreational marijuana
Technology

Canada legalizing recreational marijuana

The government of Canada on Tuesday said that it would be studying a recommendation report by its federal task force that allows Canadians over 18-years of age to be permitted to buy marijuana for recreational purposes and will be announcing the new laws
Published 14 Dec, 2016 06:30am
Palm sees gains on weaker ringgit, forecast bullish data
Commodities

Palm sees gains on weaker ringgit, forecast bullish data

KUALA LUMPUR: Malaysian palm oil futures rose in early trade on Wednesday and looked set for a second consecutive session of gains after closely watched output and export data released during the midday break was in line with bullish expectations.
Published 14 Dec, 2016 06:22am
Upbeat Aussies to test Pakistan with bouncers
Cricket

Upbeat Aussies to test Pakistan with bouncers

BRISBANE: Skipper Steve Smith says Australia's pace attack will test the resolve of Pakistan batsmen with short-pitched bowling in Brisbane's first ever day-night Test from Thursday.
Published 14 Dec, 2016 06:17am
Imran says PTI MNAs to attend National Assembly session
Front Top News

Imran says PTI MNAs to attend National Assembly session

RECORDER REPORT%D%AISLAMABAD: Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Tuesday ended its boycott of National Assembly, saying his party members would attend Wednesday's session (today) in which they would submit an adjournment motion to seek
Published 14 Dec, 2016 05:34am
Trump defends diplomat pick Tillerson against critics
North America

Trump defends diplomat pick Tillerson against critics

WEST ALLIS: Donald Trump on Tuesday defended his nomination of ExxonMobil chief Rex Tillerson as America's next secretary of state, dismissing concerns about the oilman's ties to Russia and saying US foreign policy needed a new direction.
Published 14 Dec, 2016 05:24am
Curry outguns Davis, Cavs maul Grizzlies
Sports

Curry outguns Davis, Cavs maul Grizzlies

LOS ANGELES: Stephen Curry scored 30 points to win his duel with Anthony Davis as the Golden State Warriors dug deep to defeat the New Orleans Pelicans while the Cleveland Cavaliers demolished the Memphis Grizzlies on Tuesday.
Published 14 Dec, 2016 05:23am
Arthur's Pakistan aim for Australia history
Cricket

Arthur's Pakistan aim for Australia history

BRISBANE: The Pakistan team, six years in the making and armed with insider knowledge from coach Mickey Arthur, are poised to make history in Australia, veteran skipper Misbah-ul-Haq said Wednesday.
Published 14 Dec, 2016 05:20am
Fecto Cement shows interest to buy Dewan Cement Limited (North Plant)

Fecto Cement shows interest to buy Dewan Cement Limited (North Plant)

Fecto Cement has also shown interest to acquire Dewan Cement Limited (North Plant) and announced to participate in the bidding process for sales of assets of the said plant. The decision has been taken in the meeting of the board of directors of Fecto Cem
Published 14 Dec, 2016 12:00am
Two Omani naval ships dock in Karachi

Two Omani naval ships dock in Karachi

Two Royal Omani naval ships arrived here on Tuesday to conduct a bilateral naval exercise "Thamar Al Tayyab" with Pakistan Navy which is eighth in the series. Upon arrival at Karachi Port, the visiting ships RNOV AL SADH and RNOV AL BUSHRA were given a wa
Published 14 Dec, 2016 12:00am
Hub power company to start 330 megawatts plant in Thar

Hub power company to start 330 megawatts plant in Thar

Private Infrastructure Board on Tuesday permitted Hub Power Company to start a coal power project of 330 megawatts in Thar. As per company release, this project will start producing electricity by the end of 2018. According to experts, it seems that the g
Published 14 Dec, 2016 12:00am
Three dacoits arrested

Three dacoits arrested

At least three alleged dacoits were nabbed at Boat Basin area in the wee hours of Tuesday. Weapons and stolen money were also recovered. According to, police, a huge cache of weapons and stolen money were recovered from them. The suspects were targeting p
Published 14 Dec, 2016 12:00am
CM Sindh announces grant of Rs 141.6 million to Petaro's Cadet College

CM Sindh announces grant of Rs 141.6 million to Petaro's Cadet College

The Chief Minister Sindh Syed Murad Ali Shah has said that four points of Chairman PPP Bilawal Bhutto Zardari are democratic and constitutional and neither Bilawal nor PPP would get power/benefit but the parliament would be strengthened instead. He was ta
Published 14 Dec, 2016 12:00am
12th Karachi International book fair from tomorrow

12th Karachi International book fair from tomorrow

The 12th Karachi International Book Fair (KIBF), which is going to be commenced from December 15, 2016 at Karachi Expo, will host 32 exhibitors from 10 countries. This was stated by Convenor 12th KIBF, Owais Mirza Jamil and Aziz Khalid, Chairman of Pakist
Published 14 Dec, 2016 12:00am
SIUT Transplant Centre being inaugurated today

SIUT Transplant Centre being inaugurated today

The newly constructed 14-storyed Transplant Centre of SIUT (Sindh Institute of Urology and Transplantation) is being inaugurated on Wednesday. The Centre is constructed over an area of 2 lakh 50 thousand square feet at an estimated cost of Rs 1.5 billion
Published 14 Dec, 2016 12:00am
Baldia factory fire accused brought back

Baldia factory fire accused brought back

A team of FIA has brought prime suspect in Baldia factory fire incident, Rehman Bhola back to Pakistan after he was caught in Thailand. The suspect was brought back to the country using emergency passport. Earlier, Bhola was arrested in Thailand by Interp
Published 14 Dec, 2016 12:00am
SHC seeks authorities' comments on open sale of Gutka

SHC seeks authorities' comments on open sale of Gutka

The Sindh High Court (SHC) on Tuesday sought comments from the provincial and local authorities on a petition seeking enforcement of the ban on preparation, manufacturing and selling of Gutka in the province. The SHC bench was hearing the petition filed b
Published 14 Dec, 2016 12:00am
New driving license system introduced

New driving license system introduced

In a bid to counter fake driving licenses, Inspector General (IG) of Sindh Police, A D Khawaja has introduced new computerised driving license system on Tuesday. The new driving license will be linked with Nadra's online system. Renewal of old license wil
Published 14 Dec, 2016 12:00am
VCs of SU, MUET discuss mutual interest issues

VCs of SU, MUET discuss mutual interest issues

Professor Dr Muhammad Siddique Kalhoro, Vice-Chancellor, University of Sindh, called on Professor Dr Muhammad Aslam Uqaili, Vice-Chancellor, Mehran University of Engineering & Technology, Jamshoro to discuss a number of issues pertaining to the mutual int
Published 14 Dec, 2016 12:00am
Business leader calls for duty-free import of plants, machinery

Business leader calls for duty-free import of plants, machinery

Zubair Tufail, presidential contestant in the elections to Federation of Pakistan Chambers of Commerce and Industry's (FPCCI), has called the government for duty-free import of plant and machinery to achieve 7 percent GDP growth. Zubair, who is contesting
Published 14 Dec, 2016 12:00am
Business community welcomes new ISI chief, CGS

Business community welcomes new ISI chief, CGS

The leadership of Businessmen Group (BMG) and office bearers of the Karachi Chamber of Commerce and Industry (KCCI), while congratulating Lieutenant General Naveed Mukhtar and Lieutenant General Bilal Akbar on their appointments as DG ISI and Chief of Gen
Published 14 Dec, 2016 12:00am
PPL provides financial aid to two hospitals in Sindh

PPL provides financial aid to two hospitals in Sindh

Pakistan Petroleum Limited donated Rs 12.4 million and Rs 9.3 million to Indus Hospital as well as Koohi Goth Hospital respectively, as part of its ongoing CSR efforts to provide free-of-cost, quality healthcare to the underprivileged. Managing Director a
Published 14 Dec, 2016 12:00am
Sindh growers' body stages sit-in against sugar mill owners

Sindh growers' body stages sit-in against sugar mill owners

The leaders of Sindh Growers Alliance (SGA) while criticising the threats of closure of sugar mills have announced launching of movement against rowdy attitude of mill owners. Addressing a Press conference at Hyderabad Press Club on Tuesday, the leaders o
Published 14 Dec, 2016 12:00am
Swedish firms asked to invest in Pakistan

Swedish firms asked to invest in Pakistan

Speaker National Assembly Sardar Ayaz Sadiq said on Tuesday that Swedish companies should take benefits from the opportunities for having huge scope of investment in energy generation, telecommunication, oil exploration, trade and manufacturing sectors in
Published 14 Dec, 2016 12:00am
Dar for more efforts for meeting budget targets

Dar for more efforts for meeting budget targets

The Finance Minister Senator Ishaq Dar chaired a meeting on matters related to Finance Division here on Tuesday. The Finance Secretary, Dr Waqar Masood Khan, briefed the Finance Minister on the progress of the overall budgetary targets for the current fis
Published 14 Dec, 2016 12:00am
If demands not met, Bilawal vows to launch movement against Nawaz

If demands not met, Bilawal vows to launch movement against Nawaz

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Tuesday once again vowed to launch a protest movement against Prime Minister Nawaz Shaif if his four demands were not met immediately. Addressing a press conference and in series of tweets PP
Published 14 Dec, 2016 12:00am
Body of Junaid Jamshed identified through facial X-ray

Body of Junaid Jamshed identified through facial X-ray

The dead body of singer-turned-preacher Junaid Jamshed, who died in Pakistan International Airlines (PIA) plane crash near Havelian on December 7, has been identified through his facial X-ray; it was learnt on Tuesday. Senior officials of Islamabad Capita
Published 14 Dec, 2016 12:00am
Greater traffic jams, more commuter misery

Greater traffic jams, more commuter misery

The commuters suffer very much due to massive gridlocks during rush hours on main University Road and other parts of the city that have become a routine as thousands of vehicles remain stuck for hours. This traffic jam causes wastage of fuel and kill the
Published 14 Dec, 2016 12:00am
PPP submits privilege motion against Nawaz

PPP submits privilege motion against Nawaz

Pakistan Peoples Party (PPP) on Tuesday submitted a privilege motion in the National Assembly Secretariat against Prime Minister Nawaz Sharif for giving statement about trail of funds in connection with Panama Papers on the floor of the House. The privile
Published 14 Dec, 2016 12:00am
K-E continues crackdown on power thieves, defaulters

K-E continues crackdown on power thieves, defaulters

K-Electric has geared up against power thieves and defaulters in different areas of the city. As per details, the KE team took stringent action against some of the defaulters belonging to a residential apartment complex Marine Drive in Clifton, who owe mi
Published 14 Dec, 2016 12:00am
PIA clarification

PIA clarification

Media reports regarding an incidence of fire on a PIA aircraft at Jeddah airport are not correct. In fact there was some problem due to which generator of the aircraft shut down. After this, as per standard procedure, the aircraft was parked back at the b
Published 14 Dec, 2016 12:00am
WWF-Pakistan for determining population status

WWF-Pakistan for determining population status

WWF-Pakistan has urged the Government of Pakistan to conduct population surveys following standard census protocols on an annual basis with the involvement of relevant stakeholders to determine the population status and trends of Asian Houbara Bustard in
Published 14 Dec, 2016 12:00am
Malaysian palm oil strengthens on lower output

Malaysian palm oil strengthens on lower output

Malaysian palm oil futures ended three losing sessions to gain in late trade on declining output. They fell to their lowest in two weeks earlier in the day on slow export demand and as they tracked weaker-performing rival oils. Benchmark palm oil futures
Published 14 Dec, 2016 12:00am
Sugar slumps to June lows; cocoa extends bounce above lows

Sugar slumps to June lows; cocoa extends bounce above lows

Sugar futures on ICE tumbled on Tuesday to their lowest levels since June, pressured by abundant supplies and chart-based sell signals, while cocoa markets extended their bounce above multiyear lows and extremely oversold conditions. Coffee futures were f
Published 14 Dec, 2016 12:00am
Gold down in Europe

Gold down in Europe

Gold edged lower on Tuesday, losing its lustre ahead of a two-day meeting of the US Federal Reserve that is expected to deliver the second interest rate rise in a decade. The Fed meeting starts later on Tuesday and markets have priced in a nearly 100 perc
Published 14 Dec, 2016 12:00am
UK publishes draft sugar tax

UK publishes draft sugar tax

Britain moved forward with its planned sugar tax on Monday, publishing draft legislation confirming a two-band levy for sugar-added soft drinks aimed at fighting obesity. In opting for a sugar tax, Britain joins Belgium, France, Hungary and Mexico, all of
Published 14 Dec, 2016 12:00am
US MIDDAY: wheat, corn and soya rise

US MIDDAY: wheat, corn and soya rise

Chicago Board of Trade corn and soyabean futures firmed on Tuesday on support from strong exports of both commodities following the record US harvest. Wheat futures also were higher, on track for their fourth straight day of gains as traders continued to
Published 14 Dec, 2016 12:00am
Pakistan's power sector going up or down, or nowhere?

Pakistan's power sector going up or down, or nowhere?

When did we last read reviews in the international reports such as the following, about Pakistan's Power Sector? Never in the history. "Since the start of the programme, power blackouts declined, distribution losses were reduced, payment collection rates
Published 14 Dec, 2016 12:00am
Sanofi Aventis
Currency

Sanofi Aventis

The multinational pharma giant, Sanofi-Aventis (PSX: SAPL) was initially incorporated in 1967 as Hoechst Pakistan Limited. The company began manufacturing pharmaceuticals and specialty chemicals in 1972 and listed itself on the KSE in 1977. In 1999, Hoech
Published 14 Dec, 2016 12:00am
Sanofi Aventis
Currency

Sanofi Aventis

The multinational pharma giant, Sanofi-Aventis (PSX: SAPL) was initially incorporated in 1967 as Hoechst Pakistan Limited. The company began manufacturing pharmaceuticals and specialty chemicals in 1972 and listed itself on the KSE in 1977. In 1999, Hoech
Published 14 Dec, 2016 12:00am
Zameen.com property expo concludes

Zameen.com property expo concludes

Zameen.com, Pakistan's No 1 real estate website, concluded its two-day realty affair, Zameen.com Property Expo 2016 (Lahore), on December 11. The biggest property event of the year congregated real estate developers, agents, investors, buyers and sellers
Published 14 Dec, 2016 12:00am
PFC holds discussion with Italian businessmen
Cotton

PFC holds discussion with Italian businessmen

As many as 37 Italian businessmen led by Italian Deputy Minister Ivan Scalfarotto, are currently on a visit to Pakistan for exploring investment avenues besides joint ventures in various sectors. The Pakistan Furniture Council (PFC) organised a round-tabl
Published 14 Dec, 2016 12:00am
Shahbaz reviews pace of Saaf Pani Programme

Shahbaz reviews pace of Saaf Pani Programme

Punjab Chief Minister Shahbaz Sharif while presiding over a meeting to review the pace of Khadim-e-Punjab Saaf Pani Programme, here on Tuesday has said that this is a splendid public welfare project for supply of potable water to the masses. He said that
Published 14 Dec, 2016 12:00am
'CPEP helps Pakistan cope with cotton leaf curl virus'
Cotton

'CPEP helps Pakistan cope with cotton leaf curl virus'

The United States under its Cotton Productivity Enhancement Program (CPEP) project has helped Pakistan cope with cotton leaf curl virus (CLCuV) disease with a view to increase cotton productivity, said Dr Jodi Scheffler, a research geneticist with the US
Published 14 Dec, 2016 12:00am
ADB to provide technical aid to Tevta

ADB to provide technical aid to Tevta

Asian Development Bank will provide technical assistance to Technical Education and Vocational Training Authority (TEVTA) for skill up gradation in the province of the Punjab. This initiative will improve the skilful training being imparted at TEVTA Insti
Published 14 Dec, 2016 12:00am
Nawaz says change in mindset could eliminate extremism

Nawaz says change in mindset could eliminate extremism

Prime Minister Nawaz Sharif has asked the religious scholars to play their due role to change the mindset, who are promoting extremism in the country. "We have to re-establish the nexus of Islam and peace to regain our identity," the premier said this whi
Published 14 Dec, 2016 12:00am
Businessmen urged to participate in NPBS
Cotton

Businessmen urged to participate in NPBS

"Nordic Pakistan Business Summit (NPBS) will be held at the start of next year in Finland. Pakistani business community must participate in this event as it would provide them a platform to establish new business contacts in Nordic region (Finland, Denmar
Published 14 Dec, 2016 12:00am
PBC urges Dar to ask FBR to go easy on super tax

PBC urges Dar to ask FBR to go easy on super tax

Pakistan Business Council (PBC) has approached Finance Minister Ishaq Dar to stop the Federal Board of Revenue (FBR) from recovery proceedings of Super Tax against non-resident companies on dividend income from their investments in Pakistan. Sources told
Published 14 Dec, 2016 12:00am