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Archive - 2016-12-18
Italy's Renzi admits referendum mistakes
Europe

Italy's Renzi admits referendum mistakes

ROME: Italy's former prime minister Matteo Renzi said Sunday he made a mistake by "politicising" a referendum on constitutional reform that saw him bundled out of office last week.
Published 18 Dec, 2016 07:41pm
EU seeks to calm budget row with Greece
Europe

EU seeks to calm budget row with Greece

ATHENS: Austerity-wracked Greece could strike a deal with its creditors by early next year, a senior EU official said Sunday, seeking to calm a recent row over surprise handouts announced by Athens.
Published 18 Dec, 2016 07:40pm
COAS calls on Saudi King
Front Top News

COAS calls on Saudi King

ISLAMABAD: Chief of Army staff (COAS) General Qamar Javed Bajwa who is on an official visit to Saudi Arabia held series of meetings and called on Saudi King Salman bin Abdul Aziz Al Saud on Sunday.
Published 18 Dec, 2016 07:37pm
Refs 'like lions in the zoo', complains Wenger
Football

Refs 'like lions in the zoo', complains Wenger

MANCHESTER: Arsenal manager Arsene Wenger suggested referees were over-protected after complaining "two offside goals" had accounted for his team in Sunday's 2-1 Premier League defeat at Manchester City.
Published 18 Dec, 2016 07:12pm
Late Katsande goal ends Chiefs' winless run
Football

Late Katsande goal ends Chiefs' winless run

JOHANNESBURG: Kaizer Chiefs captain Willard Katsande scored in stoppage time to snatch a 3-2 victory over Polokwane City on Sunday and end a seven-match winless South African Premiership run.
Published 18 Dec, 2016 07:08pm
Sterling sinks Arsenal to reignite Man City
Football

Sterling sinks Arsenal to reignite Man City

MANCHESTER: Raheem Sterling struck the winning goal as Manchester City reinvigorated their Premier League challenge by coming from behind to defeat title rivals Arsenal 2-1 on Sunday.
Published 18 Dec, 2016 07:06pm
Hotel maids in Spain rebel against low salaries
Europe

Hotel maids in Spain rebel against low salaries

MADRID: Spain is enjoying a surge in visitors, but hotel maids are not reaping the rewards and are rebelling against their low salaries, which can be as little as two euros to clean a room.
Published 18 Dec, 2016 01:36pm
Australia should be republic after Queen Elizabeth: PM
Asia

Australia should be republic after Queen Elizabeth: PM

SYDNEY: Australian Prime Minister Malcolm Turnbull has renewed his call for a republic, but only after Queen Elizabeth II's reign, as he outlined a road map for breaking away from the British monarchy.
Published 18 Dec, 2016 01:33pm
Exxon's Tillerson will need to change course at state
World Top News

Exxon's Tillerson will need to change course at state

NEW YORK: Rex Tillerson, who sealed big oil deals and developed close ties with foreign leaders around the globe as head of ExxonMobil, will have to firmly change course to serve as America's top diplomat.
Published 18 Dec, 2016 01:27pm
The empty days of South Korea's impeached president
Asia

The empty days of South Korea's impeached president

SEOUL: South Korea's presidential Blue House has been something of a family home for Park Geun-Hye, but the luxury residence has now become a place of solitary confinement for the impeached, isolated leader.
Published 18 Dec, 2016 01:00pm
Desperate 'thousands' await evacuation from Aleppo
Pakistan Top News

Desperate 'thousands' await evacuation from Aleppo

ALEPPO: Trapped civilians and rebels waited desperately Sunday for evacuations to resume from an opposition-held enclave in Aleppo, as the UN Security Council prepared to vote on sending observers to the flashpoint Syrian city.
Published 18 Dec, 2016 12:58pm
UN Security Council to vote Sunday on Aleppo observers: diplomats
World Top News

UN Security Council to vote Sunday on Aleppo observers: diplomats

UNITED NATIONS: The UN Security Council will vote Sunday on a French proposal to send observers to the flashpoint Syrian city of Aleppo to monitor evacuations and report on the protection of civilians, diplomats said.
Published 18 Dec, 2016 12:23pm
Boxing: Golovkin to face Jacobs on March 18
Sports

Boxing: Golovkin to face Jacobs on March 18

LOS ANGELES: Kazakhstan's Gennady Golovkin will take on American Daniel Jacobs to unify the World Boxing Association, International Boxing Federation and World Boxing Council middleweight titles in New York on March 18.
Published 18 Dec, 2016 12:21pm
India appoints new army, air force and intelligence chiefs
Asia

India appoints new army, air force and intelligence chiefs

NEW DELHI: The Indian government has appointed new heads of its army and air force among a series of senior military and intelligence appointments, officials said, two weeks before its two most senior defence force chiefs are due to retire.
Published 18 Dec, 2016 10:46am
Suicide bomber kills 43 soldiers in Yemen's Aden
Front Top News

Suicide bomber kills 43 soldiers in Yemen's Aden

ADEN: A suicide bomber killed at least 43 soldiers in the southern Yemeni port city of Aden on Sunday, officials there said, a week after an attack by the militant Islamic State group killed 50 troops nearby.
Published 18 Dec, 2016 10:45am
Bangladesh expects record tea output in 2016
Commodities

Bangladesh expects record tea output in 2016

DHAKA: Bangladesh's tea output in 2016 is expected to hit a record 80 million kg from 66 million a year earlier, the commerce minister said on Sunday, a volume that may be big enough to make imports unnecessary.
Published 18 Dec, 2016 10:38am
Red Cross says hopes to resume Aleppo evacuation on Sunday
World Top News

Red Cross says hopes to resume Aleppo evacuation on Sunday

BEIRUT/GENEVA: The International Committee of the Red Cross (ICRC) hopes to resume the evacuation of civilians and wounded from the Syrian enclave of east Aleppo on Sunday, a spokeswoman said.
Published 18 Dec, 2016 10:37am
Rahul century powers India in fifth England Test
Cricket

Rahul century powers India in fifth England Test

CHENNAI: Opener Lokesh Rahul cracked a century to lead India's first-innings response despite two crucial strikes by England's bowlers in the afternoon session on day three of the fifth Test on Sunday.
Published 18 Dec, 2016 10:30am
India 256-3 at tea in fifth England Test
Cricket

India 256-3 at tea in fifth England Test

CHENNAI: Opener Lokesh Rahul cracked a century as India took tea at 256 for three on the third day of the fifth and final Test against England in Chennai on Sunday.
Published 18 Dec, 2016 10:29am
Iran discusses nuclear ships plan with IAEA chief
World Top News

Iran discusses nuclear ships plan with IAEA chief

TEHRAN: Iran discussed its plans for nuclear-powered ships with UN nuclear chief Yukiyo Amano on Sunday, saying it would present details within three months, local media reported.
Published 18 Dec, 2016 10:28am
Despair grows among civilians trapped in Aleppo
Pakistan Top News

Despair grows among civilians trapped in Aleppo

ALEPPO: Desperation mounted Sunday among thousands of hunger-stricken Syrian civilians trapped in the rebel enclave in Aleppo after their evacuation was delayed by a disagreement over the fate of other besieged areas.
Published 18 Dec, 2016 10:24am
Soaring Rockets rally to shock Timberwolves in OT
Sports

Soaring Rockets rally to shock Timberwolves in OT

LOS ANGELES: James Harden scored 10 of his 28 points in overtime as the Houston Rockets rallied from a 13-point fourth-quarter deficit Saturday to notch a 10th-straight NBA triumph, 111-109 over the Minnesota Timberwolves in Minneapolis.
Published 18 Dec, 2016 07:37am
Rested Cavs down Lakers, Warriors crush Blazers
Sports

Rested Cavs down Lakers, Warriors crush Blazers

LOS ANGELES: A little rest did a world of good for the reigning NBA champion Cleveland Cavaliers, who showed spring in their step in a 119-108 victory over the Los Angeles Lakers on Saturday.
Published 18 Dec, 2016 07:29am
13 killed in Indonesian military plane crash
World Top News

13 killed in Indonesian military plane crash

JAKARTA: Thirteen people have died after an Indonesian military transport plane crashed in the east of the country on Sunday, officials said, marking yet another air accident for the armed forces.
Published 18 Dec, 2016 06:05am
ICE cotton falls in muted trading, up for the week
Cotton

ICE cotton falls in muted trading, up for the week

ICE cotton futures registered the biggest one-day percentage loss in more than two weeks in thin trading on Friday, but the natural fiber also marked its first weekly gain in four weeks. "The market is somewhat stuck in neutral because the strength of the
Published 18 Dec, 2016 12:00am
Ghana cocoa purchases at 392,532 tonnes

Ghana cocoa purchases at 392,532 tonnes

Cocoa purchases declared to Ghana's industry regulator, Cocobod, stood at 392,532 tonnes by November 28 following the first nine weeks of the 2016/17 season, according to Cocobod data seen by Reuters on Monday. The figure marked a slight increase from 380
Published 18 Dec, 2016 12:00am
LME says no cuts to main trading fees in 2017 despite criticism

LME says no cuts to main trading fees in 2017 despite criticism

The London Metal Exchange (LME) will not cut its main trading and clearing fees next year, it said on Thursday, despite criticism that high charges were driving business away from the exchange. There have been pleas to reduce trading fees, including durin
Published 18 Dec, 2016 12:00am
China's commodity trading crackdown has long-term consequences

China's commodity trading crackdown has long-term consequences

Is there a longer-term cost to be paid by China for its ongoing efforts to curb what the authorities in Beijing see as unjustified price spikes in commodity prices on the country's futures exchanges? Certainly it is becoming clear that the authorities are
Published 18 Dec, 2016 12:00am
Saudi Arabia engineers big shift in oil market sentiment

Saudi Arabia engineers big shift in oil market sentiment

Saudi Arabia has transformed sentiment in the oil market by assembling an unprecedented coalition of oil producing countries to agree output cuts in 2017. Saudi officials have obtained pledges from Opec members to cut production by almost 1.2 million barr
Published 18 Dec, 2016 12:00am
Antofagasta's Twin Metals unit mining leases not renewed

Antofagasta's Twin Metals unit mining leases not renewed

Chile's Antofagasta said it was considering a legal challenge to a refusal by US authorities to renew mineral leases in Minnesota, a rejection analysts and lawyers said could be overturned after President-elect Donald Trump takes office. Antofagasta said
Published 18 Dec, 2016 12:00am
Rice export prices fall in India and Thailand on thin demand
Currency

Rice export prices fall in India and Thailand on thin demand

Rice export prices in India and Thailand dropped this week on thin demand while prices edged up in Vietnam on Philippines' purchase plan amid a slowing harvest, traders said on Wednesday. Vietnam's 5-percent broken rice prices edged up to $338-$340 a tonn
Published 18 Dec, 2016 12:00am
Brazilian government to allow coffee imports

Brazilian government to allow coffee imports

The Brazilian government is expected to allow coffee processors to import robusta beans for the first time in decades after drought hurt local robusta production, Agriculture Minister Blairo Maggi said on Wednesday. "Considering the data we have regarding
Published 18 Dec, 2016 12:00am
US natural gas futures fall on less cold weather

US natural gas futures fall on less cold weather

US natural gas futures fell on Thursday to their lowest this month on less cold weather and lighter heating demand for the rest of the year. Front-month gas futures for January delivery on the New York Mercantile Exchange fell 10.6 cents, or 3 percent, to
Published 18 Dec, 2016 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Most cash basis bids for hard red winter wheat (HRW) in the southern US Plains held steady on Thursday except in Goodland, Kansas, where they jumped 10 cents per bushel, spurred by increased demand, merchants said. They said domestic demand picked up in t
Published 18 Dec, 2016 12:00am
EU wheat jumps to two-week high

EU wheat jumps to two-week high

European wheat futures rose to a two-week high on Thursday as a sharp fall of the euro against the dollar revived hopes of export deals. March milling wheat on Paris-based Euronext, was 1.2 percent higher by 1700 GMT to 168.00 euros a tonne while CME Grou
Published 18 Dec, 2016 12:00am
Ghana purchases 392,532 tonnes of cocoa by November 28

Ghana purchases 392,532 tonnes of cocoa by November 28

Cocoa purchases declared to Ghana's industry regulator, Cocobod, stood at 392,532 tonnes by November 28 following the first nine weeks of the 2016/17 season, according to Cocobod data seen by Reuters on Monday. The figure marked a slight increase from 380
Published 18 Dec, 2016 12:00am
Freight rates for large capesize dry cargo to slip further

Freight rates for large capesize dry cargo to slip further

Freight rates for large capesize dry cargo ships on key Asian routes will slide further next week in a lacklustre chartering market ahead of Christmas, ship brokers said. "The market is pretty dead," a Shanghai-based capesize broker said on Thursday, addi
Published 18 Dec, 2016 12:00am
Soyameal down on European feeds market

Soyameal down on European feeds market

Soyameal on the European meals and feeds market was slightly down on Thursday because of forecasts for beneficial rains in Argentine soyabean growing areas and because of a strong dollar. The dollar rose sharply on Thursday after the Federal Reserve raise
Published 18 Dec, 2016 12:00am
Wait-and-see mood prevails in cotton market
Cotton

Wait-and-see mood prevails in cotton market

Leading buyers adopted wait-and-see mood on the cotton market on Saturday in the process of slow trading activity, dealers said. The official spot rate was unchanged at Rs 6300, dealers said. In Sindh, seed cotton prices were at Rs 2600-3250, they said th
Published 18 Dec, 2016 12:00am
US FOB Gulf soyabean offers firmer

US FOB Gulf soyabean offers firmer

Export premiums for soyabeans shipped from the US Gulf Coast were steady to firm on Thursday on moderate demand, with nearby values rising in tandem with higher barge basis values, traders said. US soyabean export sales hit a six-week high last week, acco
Published 18 Dec, 2016 12:00am
Chinese iron ore futures fall for second day as rally loses steam

Chinese iron ore futures fall for second day as rally loses steam

Chinese iron ore futures dropped for a second session on Thursday as investors pared bullish bets after lifting it, along with steel, to multi-year highs. Improved steel supply in parts of China prompted some traders to cut price offers, dragging down rat
Published 18 Dec, 2016 12:00am
Euro-priced oils rally on European vegoils market

Euro-priced oils rally on European vegoils market

Products quoted in euros on the European vegetable oils market rallied on Thursday in response to a steep rise in the dollar after the US Federal Reserve raised interest rates and signaled that more increases would follow next year. EU rapeoil and soyaoil
Published 18 Dec, 2016 12:00am
Asia's coffee supply low on heavy rains in Vietnam

Asia's coffee supply low on heavy rains in Vietnam

Asia's coffee supplies are seen low as torrential rains in Vietnam continued to hurt crop and beans quality while harvest season has ended in Indonesia, traders said on Thursday. Vietnamese exporters quoted discounts of $50 to $60 a tonne below the ICE Ma
Published 18 Dec, 2016 12:00am
CBOT wheat futures fall

CBOT wheat futures fall

Chicago Board of Trade wheat futures fell on Thursday, snapping a five-session winning streak as a firm dollar weighed on demand for US supplies on the export market, traders said. The dollar gains made US wheat more expensive to overseas buyers amid abun
Published 18 Dec, 2016 12:00am
Indian soyaoil futures rise

Indian soyaoil futures rise

Indian soyaoil futures rose for a second consecutive session on Thursday, tracking Malaysian palm oil and other overseas markets. Malaysian palm oil futures rose to their highest in 4-1/2-years, charting a third straight session of gains, on a weaker ring
Published 18 Dec, 2016 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Thursday, supported by a weaker Canadian dollar. Strength in oilseed rival soybeans was also supportive January canola added $2.40 at $518.60 per tonne March canola tacked on $3 at $525.60 per tonne January-March canola
Published 18 Dec, 2016 12:00am
Asian naphtha crack prices rise

Asian naphtha crack prices rise

Asia's naphtha crack price rose to a December high of $66.88 a tonne while the contango between second-half January and second-half February remained at $1.50 a tonne for a second day, reflecting a slightly improved near-term outlook. Traders said improvi
Published 18 Dec, 2016 12:00am
US Midwest corn bids unchanged

US Midwest corn bids unchanged

Spot corn basis bids at elevators and processors were unchanged around the US Midwest on Thursday and steady to firmer for soyabeans, grain merchants said. Farmer sales subsided for both crops after profit-taking pressured Chicago Board of Trade corn whil
Published 18 Dec, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (December 17, 2016).

Published 18 Dec, 2016 12:00am
THE RUPEE: Dollar at Rs 108
Currency

THE RUPEE: Dollar at Rs 108

KARACHI: The rupee breached the barrier of 108 versus the dollar on the money market on Saturday in the process of trading, dealers said. The rupee drifted lower against the greenback, losing 20 paisas for buying and selling at Rs 107.70 and Rs 108.00 res
Published 18 Dec, 2016 12:00am
THE RUPEE: Dollar at Rs 108
Currency

THE RUPEE: Dollar at Rs 108

KARACHI: The rupee breached the barrier of 108 versus the dollar on the money market on Saturday in the process of trading, dealers said. The rupee drifted lower against the greenback, losing 20 paisas for buying and selling at Rs 107.70 and Rs 108.00 res
Published 18 Dec, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 17, 2016).

Published 18 Dec, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 17, 2016).

Published 18 Dec, 2016 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (December 17, 2016).

Published 18 Dec, 2016 12:00am
Hides and skins rates

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 17, 2016).

Published 18 Dec, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 17, 2016)

Published 18 Dec, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (December 17, 2016).

Published 18 Dec, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (December 17, 2016) and the forecast for Sunday (December 18, 2016).

Published 18 Dec, 2016 12:00am
Protesters storm pro-Kurdish party local HQ after Turkey attack

Protesters storm pro-Kurdish party local HQ after Turkey attack

Dozens of nationalist protestors on Saturday stormed the headquarters of the pro-Kurdish Peoples' Democratic Party (HDP) in the central Turkish city of Kayseri after an attack that left 13 soldiers dead, images showed. The protesters broke into the buildi
Published 18 Dec, 2016 12:00am
President unveils Mazar-e-Quaid chandelier

President unveils Mazar-e-Quaid chandelier

President Mamnoon Hussain and his Chinese counterpart Xi Jinping Saturday said Pak-China friendship and strategic partnership has been strengthening and moving forward "day by day and generations to generations" in the interest of the peoples of the two c
Published 18 Dec, 2016 12:00am
President unveils Mazar-e-Quaid chandelier

President unveils Mazar-e-Quaid chandelier

President Mamnoon Hussain and his Chinese counterpart Xi Jinping Saturday said Pak-China friendship and strategic partnership has been strengthening and moving forward "day by day and generations to generations" in the interest of the peoples of the two c
Published 18 Dec, 2016 12:00am
CoAS reaches Saudi Arabia

CoAS reaches Saudi Arabia

Chief of Army Staff (CoAS) General Qamar Javed Bajwa Saturday reached Saudi Arabia (Riaz) on a three-day official visit. According to ISPR, the CoAS was warmly received by Assistant Defence Minister, Muhammad bin Abdullah al-Ayesh. During his visit, the C
Published 18 Dec, 2016 12:00am
CoAS reaches Saudi Arabia

CoAS reaches Saudi Arabia

Chief of Army Staff (CoAS) General Qamar Javed Bajwa Saturday reached Saudi Arabia (Riaz) on a three-day official visit. According to ISPR, the CoAS was warmly received by Assistant Defence Minister, Muhammad bin Abdullah al-Ayesh. During his visit, the C
Published 18 Dec, 2016 12:00am
Resumption of ATR aircraft operations hinges on clearance

Resumption of ATR aircraft operations hinges on clearance

Pakistan Civil Aviation Authority (PCAA) - despite carrying out a shakedown test of ATR aircraft - appears reluctant to resume its operations without getting clearance from Pratt & Whitney (P&W), an ATR aircraft manufacturer; it was learnt here.
Published 18 Dec, 2016 12:00am
Resumption of ATR aircraft operations hinges on clearance

Resumption of ATR aircraft operations hinges on clearance

Pakistan Civil Aviation Authority (PCAA) - despite carrying out a shakedown test of ATR aircraft - appears reluctant to resume its operations without getting clearance from Pratt & Whitney (P&W), an ATR aircraft manufacturer; it was learnt here.
Published 18 Dec, 2016 12:00am
Resumption of ATR aircraft operations hinges on clearance

Resumption of ATR aircraft operations hinges on clearance

Pakistan Civil Aviation Authority (PCAA) - despite carrying out a shakedown test of ATR aircraft - appears reluctant to resume its operations without getting clearance from Pratt & Whitney (P&W), an ATR aircraft manufacturer; it was learnt here.
Published 18 Dec, 2016 12:00am
K-E asks FBR to remove tax return difficulties

K-E asks FBR to remove tax return difficulties

K-Electric Limited [the company] has asked the Federal Board of Revenue (FBR) to remove difficulties of companies engaged in generation, transmission and distribution of electricity in filing of (Annexure C) monthly sales tax returns with the FBR.
Published 18 Dec, 2016 12:00am
K-E asks FBR to remove tax return difficulties

K-E asks FBR to remove tax return difficulties

K-Electric Limited [the company] has asked the Federal Board of Revenue (FBR) to remove difficulties of companies engaged in generation, transmission and distribution of electricity in filing of (Annexure C) monthly sales tax returns with the FBR.
Published 18 Dec, 2016 12:00am
K-E asks FBR to remove tax return difficulties

K-E asks FBR to remove tax return difficulties

K-Electric Limited [the company] has asked the Federal Board of Revenue (FBR) to remove difficulties of companies engaged in generation, transmission and distribution of electricity in filing of (Annexure C) monthly sales tax returns with the FBR.
Published 18 Dec, 2016 12:00am
K-E asks FBR to remove tax return difficulties

K-E asks FBR to remove tax return difficulties

K-Electric Limited [the company] has asked the Federal Board of Revenue (FBR) to remove difficulties of companies engaged in generation, transmission and distribution of electricity in filing of (Annexure C) monthly sales tax returns with the FBR.
Published 18 Dec, 2016 12:00am
Venezuela cash crisis sparks looting, protests

Venezuela cash crisis sparks looting, protests

Desperate Venezuelans looted delivery trucks and clashed with police as a botched plan to introduce new banknotes left people without cash - the latest shortage in a spiralling economic crisis. Late Friday President Nicolas Maduro blamed opposition politi
Published 18 Dec, 2016 12:00am
Venezuela cash crisis sparks looting, protests

Venezuela cash crisis sparks looting, protests

Desperate Venezuelans looted delivery trucks and clashed with police as a botched plan to introduce new banknotes left people without cash - the latest shortage in a spiralling economic crisis. Late Friday President Nicolas Maduro blamed opposition politi
Published 18 Dec, 2016 12:00am
Payment systems show significant growth in fiscal year 2016: SBP

Payment systems show significant growth in fiscal year 2016: SBP

Payment systems in Pakistan have shown significant growth in key performance indicators during last fiscal year (FY16). According to State Bank of Pakistan's Payment System Review for FY16, it is encouraging to witness a consistent upward trend in volume
Published 18 Dec, 2016 12:00am
Payment systems show significant growth in fiscal year 2016: SBP

Payment systems show significant growth in fiscal year 2016: SBP

Payment systems in Pakistan have shown significant growth in key performance indicators during last fiscal year (FY16). According to State Bank of Pakistan's Payment System Review for FY16, it is encouraging to witness a consistent upward trend in volume
Published 18 Dec, 2016 12:00am
Payment systems show significant growth in fiscal year 2016: SBP

Payment systems show significant growth in fiscal year 2016: SBP

Payment systems in Pakistan have shown significant growth in key performance indicators during last fiscal year (FY16). According to State Bank of Pakistan''s Payment System Review for FY16, it is encouraging to witness a consistent upward trend in volume
Published 18 Dec, 2016 12:00am
GHPL may be tasked to fund all projects of ISGSL

GHPL may be tasked to fund all projects of ISGSL

Government Holding (Private) Limited (GHPL), an arm of the Petroleum Ministry, is expected to be tasked to fund all projects of Inter-State Gas Systems Limited (ISGSL) as a 100 percent subsidiary company, in addition to three years term loan to fund the p
Published 18 Dec, 2016 12:00am
GHPL may be tasked to fund all projects of ISGSL

GHPL may be tasked to fund all projects of ISGSL

Government Holding (Private) Limited (GHPL), an arm of the Petroleum Ministry, is expected to be tasked to fund all projects of Inter-State Gas Systems Limited (ISGSL) as a 100 percent subsidiary company, in addition to three years term loan to fund the p
Published 18 Dec, 2016 12:00am
GHPL may be tasked to fund all projects of ISGSL

GHPL may be tasked to fund all projects of ISGSL

Government Holding (Private) Limited (GHPL), an arm of the Petroleum Ministry, is expected to be tasked to fund all projects of Inter-State Gas Systems Limited (ISGSL) as a 100 percent subsidiary company, in addition to three years term loan to fund the p
Published 18 Dec, 2016 12:00am
BP signs $2.2 billion Abu Dhabi oil deal

BP signs $2.2 billion Abu Dhabi oil deal

British oil giant BP secured a 10-percent share in an onshore oil concession in Abu Dhabi on Saturday in a deal worth $2.2 billion, the companies said. BP signed an agreement with Abu Dhabi National Oil Company (ADNOC) to take a stake in the Abu Dhabi Com
Published 18 Dec, 2016 12:00am
BP signs $2.2 billion Abu Dhabi oil deal

BP signs $2.2 billion Abu Dhabi oil deal

British oil giant BP secured a 10-percent share in an onshore oil concession in Abu Dhabi on Saturday in a deal worth $2.2 billion, the companies said. BP signed an agreement with Abu Dhabi National Oil Company (ADNOC) to take a stake in the Abu Dhabi Com
Published 18 Dec, 2016 12:00am
BP signs $2.2 billion Abu Dhabi oil deal

BP signs $2.2 billion Abu Dhabi oil deal

British oil giant BP secured a 10-percent share in an onshore oil concession in Abu Dhabi on Saturday in a deal worth $2.2 billion, the companies said. BP signed an agreement with Abu Dhabi National Oil Company (ADNOC) to take a stake in the Abu Dhabi Com
Published 18 Dec, 2016 12:00am
Iran seeks meeting of nuclear deal powers

Iran seeks meeting of nuclear deal powers

Iran formally requested a meeting of the commission that oversees its nuclear deal with world powers to complain about the renewing of sanctions by the United States, state television reported Saturday. The request was made in a letter by Foreign Minister
Published 18 Dec, 2016 12:00am
Iran seeks meeting of nuclear deal powers

Iran seeks meeting of nuclear deal powers

Iran formally requested a meeting of the commission that oversees its nuclear deal with world powers to complain about the renewing of sanctions by the United States, state television reported Saturday. The request was made in a letter by Foreign Minister
Published 18 Dec, 2016 12:00am
Nisar irked by Quetta carnage commission report

Nisar irked by Quetta carnage commission report

Expressing his resolve to challenge the findings of a recent report by Supreme Court's Commission on Quetta terror attack at the apex court, Interior Minister Chaudhry Nisar Ali Khan Saturday disclosed that he had offered to resign in the wake of Commissi
Published 18 Dec, 2016 12:00am
Nisar irked by Quetta carnage commission report

Nisar irked by Quetta carnage commission report

Expressing his resolve to challenge the findings of a recent report by Supreme Court's Commission on Quetta terror attack at the apex court, Interior Minister Chaudhry Nisar Ali Khan Saturday disclosed that he had offered to resign in the wake of Commissi
Published 18 Dec, 2016 12:00am
Review conference of CCW concludes in Geneva

Review conference of CCW concludes in Geneva

The Fifth Review Conference of the Convention on Certain Conventional Weapons (CCW) has concluded in Geneva. Pakistan's Permanent Representative to Geneva, Ambassador Tehmina Janjua presided over the conference. The week-long Conference discussed complex
Published 18 Dec, 2016 12:00am
Snowfall blankets Kaghan, adjoining areas

Snowfall blankets Kaghan, adjoining areas

A thick blanket of snow covered various parts of northern areas including Kaghan on Saturday. The passionate tourists rushed to the valley to enjoy chilly weather despite dangerous and slippery routes. "There are awesome sceneries here and it feels like w
Published 18 Dec, 2016 12:00am
PTI's return to Parliament a positive step: NA Speaker

PTI's return to Parliament a positive step: NA Speaker

While talking to media at a convocation ceremony of Samanabad College, Speaker of the National Assembly Sardar Ayaz Sadiq expressed that National Assembly is a platform on which the members of assembly can talk about their constituencies, country and the
Published 18 Dec, 2016 12:00am
Immense potential exists to promote Pakistan-Iran ties, says Ijazul Haq

Immense potential exists to promote Pakistan-Iran ties, says Ijazul Haq

Patron in Chief of Pakistan Iran Joint Chamber and Industry Muhammad Ijazul Haq has said immense potential existed to promote Pakistan and Iran's ties in diverse fields such as economy, trade, energy and banking. Speaking at a reception organised in honou
Published 18 Dec, 2016 12:00am
Petroleum products: Country spends $38.673 billion on import

Petroleum products: Country spends $38.673 billion on import

Pakistan spent a total of $38.673 billion on import of different petroleum products during the last five years while a total of 291 new wells were drilled out in different parts of the country during the last three years for exploration of oil and gas to
Published 18 Dec, 2016 12:00am
Probe initiated into appointment of NICL chairman

Probe initiated into appointment of NICL chairman

National Accountability Bureau (NAB) and Federal Investigation Agency (FIA) have reportedly initiated investigations into the appointment of chairman National Insurance Company Limited (NICL), which has already been challenged in Sindh High Court. Well-in
Published 18 Dec, 2016 12:00am
Rs 53.16 billion released for Mangla Dam affected people

Rs 53.16 billion released for Mangla Dam affected people

The Ministry of Water and Power has so far released an amount of Rs 53.16 billion to the government of Azad Jammu and Kashmir (AJK) on account of land compensation to the affectees of Mangla Dam Upraising project. According to the documents, the Water and
Published 18 Dec, 2016 12:00am
PTA yet to audit mobile subscribers' verified data

PTA yet to audit mobile subscribers' verified data

Pakistan Telecommunication Authority (PTA) has yet to audit mobile subscribers' data, verified during the Biometric Verification System (BVS) drive, despite passage of over one-and-a-half-year, raising questions on the process, it is learnt. The PTA had a
Published 18 Dec, 2016 12:00am
Three Indian soldiers killed in IHK

Three Indian soldiers killed in IHK

Suspected militants killed three Indian soldiers after ambushing a convoy, here on Saturday, officials said. An unknown number of people on motorbikes opened fire on the army convoy near Pampore town on the key highway a few miles south of occupied Srinag
Published 18 Dec, 2016 12:00am
Three Indian soldiers killed in IHK

Three Indian soldiers killed in IHK

Suspected militants killed three Indian soldiers after ambushing a convoy, here on Saturday, officials said. An unknown number of people on motorbikes opened fire on the army convoy near Pampore town on the key highway a few miles south of occupied Srinag
Published 18 Dec, 2016 12:00am
Fall of Dhaka: Modi admits to India's role

Fall of Dhaka: Modi admits to India's role

Indian Prime Minister, Narendra Modi on Saturday once again admitted to conspiring to divide Pakistan and confessed Indian role in separating the then East Pakistan from Pakistan on December 16, 1971. Modi addressed a ceremony organised in New Delhi where
Published 18 Dec, 2016 12:00am
Fall of Dhaka: Modi admits to India's role

Fall of Dhaka: Modi admits to India's role

Indian Prime Minister, Narendra Modi on Saturday once again admitted to conspiring to divide Pakistan and confessed Indian role in separating the then East Pakistan from Pakistan on December 16, 1971. Modi addressed a ceremony organised in New Delhi where
Published 18 Dec, 2016 12:00am
Dar chairs meeting to review matters related to EAD

Dar chairs meeting to review matters related to EAD

Finance Minister Mohammad Ishaq Dar Saturday chaired a meeting to review matters related to the Economic Affairs Division (EAD). Secretary EAD briefed the minister on the portfolios of grants and loans and apprised him of the Country Partnership Strategie
Published 18 Dec, 2016 12:00am
Dar chairs meeting to review matters related to EAD

Dar chairs meeting to review matters related to EAD

Finance Minister Mohammad Ishaq Dar Saturday chaired a meeting to review matters related to the Economic Affairs Division (EAD). Secretary EAD briefed the minister on the portfolios of grants and loans and apprised him of the Country Partnership Strategie
Published 18 Dec, 2016 12:00am
Dar chairs meeting to review matters related to EAD

Dar chairs meeting to review matters related to EAD

Finance Minister Mohammad Ishaq Dar Saturday chaired a meeting to review matters related to the Economic Affairs Division (EAD). Secretary EAD briefed the minister on the portfolios of grants and loans and apprised him of the Country Partnership Strategie
Published 18 Dec, 2016 12:00am
Fata reforms package

Fata reforms package

It increasingly appears that the government has decided to merge Fata with Khyber Pakhtunkhwa mainly because it is administratively convenient to Islamabad. The final report of the Fata Reforms Committee also rules out any referendum in the concerned seve
Published 18 Dec, 2016 12:00am
Mismanagement of temples

Mismanagement of temples

A report prepared by subcommittee of the National Assembly's Standing Committee on Religious Affairs and Interfaith Harmony has finalised its report on the state of mandirs and gurdwaras managed by the Evacuee Trust Property Board (ETPB), making several d
Published 18 Dec, 2016 12:00am
Fighting terrorism

Fighting terrorism

It was never in doubt that the change in army command would not affect the ongoing security operations. As expected, on his very first visit to Karachi as Chief of Army Staff (CoAS) General Qamar Javed Bajwa praised the security agencies for bringing abou
Published 18 Dec, 2016 12:00am
Integrating South Asian markets

Integrating South Asian markets

From the book "Flying with the Winged Elephant: Niche Opportunities for Global Businesses that May Emerge in India", published by Libertas European Institut GmbH, Germany While e-commerce is big in India, an e-commerce platform encompassing South Asia cou
Published 18 Dec, 2016 12:00am
US needs urgent, measured retaliation to Russia 'hacking'

US needs urgent, measured retaliation to Russia 'hacking'

Russia's alleged cyber-meddling in the US presidential election demands immediate retaliation if the country is to deter future attacks of the kind, national security experts said Friday. Delivering a response could provide an important test of America's
Published 18 Dec, 2016 12:00am
'Don't go with the flow - only dead fish go with the flow'

'Don't go with the flow - only dead fish go with the flow'

Well much-inspiring and good to hear when it comes to education and professional career, most difficult to follow especially for women in the male-dominated culture. Most of the fields, unfortunately, in Pakistan are considered well-suited to males only a
Published 18 Dec, 2016 12:00am
New graveyards needed

New graveyards needed

Only recently TV viewers watched a Karachi grave-digger who is charged with the offence of digging a newly-buried grave. Such instances cannot be prevented until new graveyards are available. The concerned authorities are, therefore, requested to provide
Published 18 Dec, 2016 12:00am
PPP reiterates demand for Nisar's resignation

PPP reiterates demand for Nisar's resignation

Despite lengthy explanation by the interior minister over Justice Faiz Isa report, Pakistan People's Party (PPP) on Saturday stuck to its guns and reiterated its demand that Chaudhry Nisar Ali Khan must resign. "Despite such a stinging indictment by the S
Published 18 Dec, 2016 12:00am
RCC adjourns hearing against Ayyan
Currency

RCC adjourns hearing against Ayyan

Rawalpindi Customs Court(RCC) on Saturday adjourned the hearing of currency smuggling case against model Ayyan Ali till April 06. Duty Judge Shakeel Ahmad expressed resentment over continuous absence of the accused for five months who appeared in the cust
Published 18 Dec, 2016 12:00am
Prime Minister takes notice of Haseena's guardianship matter

Prime Minister takes notice of Haseena's guardianship matter

A ray of hope showered on Haseena Gul, the 14-year-old girl who lost all her family members in Pakistan International Airlines (PIA), flight PK-661, crash, after report was taken into notice by the people in power. The case of Haseena's financial assistan
Published 18 Dec, 2016 12:00am
Prices of essential kitchen items witness significant cut

Prices of essential kitchen items witness significant cut

Prices of essential kitchen items have witnessed a significant reduction during the past week as compared with the preceding week, a survey carried out by Business Recorder revealed here on Saturday. Tomatoes price in wholesales market massively we
Published 18 Dec, 2016 12:00am
Sindh government to review bill regarding forced conversions

Sindh government to review bill regarding forced conversions

After rejection of several clauses by the religious parties, the Sindh government on Saturday decided to review the bill pertaining to forced religious conversions. According to sources, decision was taken by PPP Chairman Bilawal Bhutto Zardari and co-Cha
Published 18 Dec, 2016 12:00am
DPO, AC escape unhurt in Awaran attack

DPO, AC escape unhurt in Awaran attack

District Police Officer (DPO) and Assistant Commissioner (AC) of Awaran escaped unhurt while five police personnel sustained injuries when some unidentified armed men attacked at a convoy carrying DPO and assistant commissioner in Awaran on Saturday. Acco
Published 18 Dec, 2016 12:00am
'I was removed for demanding Seraiki province': Gilani

'I was removed for demanding Seraiki province': Gilani

Former Prime Minister Syed Yousuf Raza Gilani has demanded constitution of Parliamentary Accountability Committee on the issues like National Action Plan (NAP), China-Pakistan Economic Corridor (CPEC) and National Assembly's ratification on Panama Leaks b
Published 18 Dec, 2016 12:00am
Experts for financing to address climate change challenges

Experts for financing to address climate change challenges

A training workshop on Climate Financing Opportunities was organized by IUCN, the International Union for Conservation of Nature, in Islamabad on Saturday. The training was organized under the UNDP-GEF funded Pakistan Sustainable Transport (PAKSTRAN) Proj
Published 18 Dec, 2016 12:00am
Limofied ride-booking & car-rental app launched

Limofied ride-booking & car-rental app launched

Limofied-an Australian-owned, rapidly growing ride-share, car-hire and car-booking app, has been launched in Pakistan. It allows passengers using smartphone to submit a trip-request, which is then transmitted to the closest Limofied(tm) drivers, who use t
Published 18 Dec, 2016 12:00am
Seven die in accident near Chagai

Seven die in accident near Chagai

At least seven people were killed while 10 others were injured when a trailer and a passenger bus collided at Pak-Iran highway in Chagai district of Balochistan on Saturday. According to a Levies spokesman, a bus carrying passengers head on collided with
Published 18 Dec, 2016 12:00am
Bodies of plane crash victims handed over to relatives: PIA spokesman

Bodies of plane crash victims handed over to relatives: PIA spokesman

Spokesman of Pakistan International Airlines Danyal Gilani said on Saturday that as many as 44 bodies of the ATR crash victims were handed over to their relatives. "In total, 47 persons lost their lives in the tragic December 7 crash. 11 bodies were broug
Published 18 Dec, 2016 12:00am
APCAA hosts dinner for FPCCI election candidates

APCAA hosts dinner for FPCCI election candidates

All Pakistan Customs Agents Association (APCAA) hosted a dinner reception to honor UBG nominated candidates for FPCCI election 2017 at Karachi Press Club on the other day. Speaking at the ceremony, senior vice chairman APCAA Arshad Jamal said: "Our suppor
Published 18 Dec, 2016 12:00am
CPEC would enhance Pakistan's stature: Mamnoon

CPEC would enhance Pakistan's stature: Mamnoon

President Mamnoon Hussain on Saturday said that completion of China-Pakistan Economic Corridor would enhance Pakistan's stature among comity of nations. He was addressing the passing-out parade of cadets at Marine Academy in Karachi. He said Pakistan's se
Published 18 Dec, 2016 12:00am
Farooqui confesses killing dozens, role in 12 May incident

Farooqui confesses killing dozens, role in 12 May incident

Muttahida Qaumi Movement (MQM) MPA, Kamran Farooqui, who was arrested on Friday in two cases pertaining to illegal weapons and explosives, has confessed involvement in other high-profile cases including killings of dozens of people. Police presented MQM M
Published 18 Dec, 2016 12:00am
Minister inaugurates 1st global moot on medical research

Minister inaugurates 1st global moot on medical research

First International Medical Research Conference with the theme: "Transforming Health Care through Collaborative Research" was inaugurated by Minister Health Dr Sikandar Ali Mendhro at Liaquat University of Medical and Health Sciences Jamshoro on Saturday.
Published 18 Dec, 2016 12:00am
PPP convenes party meeting in Dubai

PPP convenes party meeting in Dubai

Pakistan People's Party (PPP) on Saturday convened a high-level meeting of party leadership in Dubai. In this regard former president Asif Ali Zardari, PPP Chairman Bilawal Bhutto Zardari, Chief Minister Sindh Murad Ali Shah and MNA Faryal Talplur are rep
Published 18 Dec, 2016 12:00am
Country still experiencing 'stabilization fatigue': speakers

Country still experiencing 'stabilization fatigue': speakers

Pakistan is currently experiencing 'stabilization fatigue' and urgently needs breathing space. It needs a dominant role of fiscal policy and more budgetary resources should be allocated to education, health, skill developments and social safety nets. Such
Published 18 Dec, 2016 12:00am
FPCCI starts work on recommendations for amnesty scheme

FPCCI starts work on recommendations for amnesty scheme

The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has started working on compilation of recommendations for amnesty scheme to bring the hidden money into the main stream economy. The recommendations which are being prepared at the FPCCI R
Published 18 Dec, 2016 12:00am
Successful ITU projects to be commercialized: Dr Umar

Successful ITU projects to be commercialized: Dr Umar

The successful projects undertaken by the students of ITU will be commercialized. Dr Umar Saif, Advisor to CM Punjab and Vice Chancellor ITU said while addressing the closing ceremony of 5th Robotics Expo here on Saturday. Through Robotics Expos under Inf
Published 18 Dec, 2016 12:00am
Amended Seed Act challenged

Amended Seed Act challenged

The Pakistan Amended Seed Act-2015 was challenged in the Lahore High Court (LHC) on Saturday. Petitioner, Sheraz Zaka advocate, pleaded that the law had made it mandatory for farmers to buy seeds from a licensed company or its agent. He said this would cr
Published 18 Dec, 2016 12:00am
PML-N MNA resigns in protest

PML-N MNA resigns in protest

Mian Mohammad Farooq of Pakistan Muslim League Nawaz (PML-N) resigned from his National Assembly seat on Saturday after the party refused his son ticket of the district council chairman. According to details, Farooq sent his resignation to the party chief
Published 18 Dec, 2016 12:00am
BB death anniversary: PPP Punjab to finalise arrangements

BB death anniversary: PPP Punjab to finalise arrangements

Pakistan Peoples Party (PPP) Punjab has initiated consultation process with party leadership to finalize arrangements to attend death anniversary of Mohtarma Benazir Bhutto on December 27. President PPP Punjab Qamar Zaman Kaira held a detailed meeting wit
Published 18 Dec, 2016 12:00am
PFA imposes fine on milk production company

PFA imposes fine on milk production company

The Punjab Food Authority (PFA) on Saturday imposed a fine of Rs 500,000 on a milk production company on the charges of running its production unit in an under-construction building, poor cleanliness and absence of arrangements for testing of milk.
Published 18 Dec, 2016 12:00am
Efforts urged to overcome potential threat of pests
Cotton

Efforts urged to overcome potential threat of pests

Agriculture Scientists and Experts have emphasized the need for stepped-up efforts to overcome the potential threat of pests that are responsible for the loss of billions of rupees to national economy. They were addressing the International Entomological
Published 18 Dec, 2016 12:00am
Government support sought for modernization of industrial sector

Government support sought for modernization of industrial sector

Sialkot is an important economic hub and export-oriented city of the country where 99 percent products produced and are exported to various parts of the glob. Through export, Sialkot based small and medium industries were earning foreign exchange amountin
Published 18 Dec, 2016 12:00am
Criticality of higher education for economic development highlighted

Criticality of higher education for economic development highlighted

Provincial Higher Education Minister Syed Raza Ali Gillani has said that the role of higher education sector is very pivotal in ensuring composite development of the country, as it develops students as "future leaders" to steer the country towards progres
Published 18 Dec, 2016 12:00am
Seminar on income tax held

Seminar on income tax held

A seminar was held on tax relating to immovable properties at the Income Tax office the other day. A detailed presentation was organized by the Zone-V, CRTO Lahore on section 236W and its salient features besides a difference in between sections 236C & 23
Published 18 Dec, 2016 12:00am
Imran to focus on building knowledge city at Namal

Imran to focus on building knowledge city at Namal

Chairman Pakistan Tehreek-e-Insaf Imran Khan advised the students on Saturday to earn respects through lawful means, and said a successful man is one who is never afraid of losing and a champion never gives up. While addressing the convocation of NAMAL Un
Published 18 Dec, 2016 12:00am
Cold, dry weather forecast

Cold, dry weather forecast

The Met Office on Saturday forecast mainly cold and dry weather for most parts of the country in the next 24 hours. It said fog prevalence was likely to continue over the plain areas of Punjab, Khyber Pakhtunkhwa and Upper Sindh during the night and morni
Published 18 Dec, 2016 12:00am
Two dead in oil tanker explosion near Nooriabad

Two dead in oil tanker explosion near Nooriabad

At least two people were killed and twelve others were burnt seriously when an oil tanker caught fire near Nooriabad on Saturday. The incident took place near a cement factory located on the Super Highway, where an explosion in an oil tanker also affected
Published 18 Dec, 2016 12:00am
Work on western route of CPEC in full swing

Work on western route of CPEC in full swing

Construction activities on the Western Route of China-Pakistan Economic Corridor (CPEC) have already commenced. An official source told the media on Saturday that the total length of Western route is around 2500 km, out of which 790 km is common route fro
Published 18 Dec, 2016 12:00am
76,125 tons of copper produced from Saindak in five years: SML

76,125 tons of copper produced from Saindak in five years: SML

Saindak Metals Limited (SML) produced 76,125.994 tons of copper, 6.093 tons gold and 9.693 tons of silver from the Saindak area, district Chaghi of the Balochistan province, during last five years. "The total blister copper extraction/production stood at
Published 18 Dec, 2016 12:00am
Cases of robberies on the rise in Capital

Cases of robberies on the rise in Capital

Armed robberies witnessed a remarkable rise in the federal capital during the last week as various police stations of the city registered nine cases of robberies wherein armed persons stormed into shops and houses and looted valuables worth million of rup
Published 18 Dec, 2016 12:00am
Aziz condemns terror attack in Turkey

Aziz condemns terror attack in Turkey

Adviser to Prime Minister of Foreign Affairs Sartaj Aziz on Saturday strongly condemned the terrorist attack that took place in Kayseri, reportedly resulting in the loss of precious lives of 13 personnel of the Turkish Armed Forces, and injuring 48 others
Published 18 Dec, 2016 12:00am
Nawaz inaugurates Greater Iqbal Park

Nawaz inaugurates Greater Iqbal Park

Prime Minister Muhammad Nawaz Sharif while inaugurating Greater Iqbal Park on Saturday showed resolve that his government would continue with determination its endeavor of national development till Allama Iqbal's dream of modern state is accomplished.
Published 18 Dec, 2016 12:00am
Dell signs Muller & Phipps as their new distributors

Dell signs Muller & Phipps as their new distributors

Dell, one of the largest technology companies globally, has signed an MoU with the well-known distributor Muller & Phipps (M&P) on 16th December in Karachi. This partnership is strategically significant for the tech giant because of the continued focus of
Published 18 Dec, 2016 12:00am
TDAP to organize trade event in Sri Lanka

TDAP to organize trade event in Sri Lanka

The Trade Development Authority of Pakistan (TDAP) would organize 3-day trade event in Sri Lanka from January 13 to 15, 2017. According to the TDAP sources, after getting encouraging response from Single Country Exhibition at Sri Lanka in 2016, the TDAP h
Published 18 Dec, 2016 12:00am
Taliban, Haqqani network retain safe havens in Pakistan, claims Pentagon

Taliban, Haqqani network retain safe havens in Pakistan, claims Pentagon

Afghan-oriented militant groups like the Taliban and the Haqqani Network retain freedom of action from inside Pakistani territory, the Pentagon has said, while asserting that the US has been clear in urging Islamabad to deny safe havens to terror outfits.
Published 18 Dec, 2016 12:00am
Organ trade charges dropped, detainees released

Organ trade charges dropped, detainees released

Judicial Magistrate Morgah, Rawalpindi, Ghulam Muhammad Sarfraz Saturday released all three employees including the owner of Kidney Centre, observing all three FIRs against them were lodged illegally and in violation of law.
Published 18 Dec, 2016 12:00am
Transporters urged to end strike at Torkham

Transporters urged to end strike at Torkham

President, Frontier Customs Agents Group (FCAG) Khyber Pakhtunkhwa and Senior Vice President (SVP), Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) Zia-ul-Haq Sarhadi has called for the immediate end of transporters' strike at Torkham. In a pre
Published 18 Dec, 2016 12:00am
KE to provide 70 megawatts power to Naya Nazimabad

KE to provide 70 megawatts power to Naya Nazimabad

K-Electric and Javedan Corporation Limited (JCL) have entered into an agreement for the provision of 70MW power supply to Naya Nazimabad, a project of JCL. The agreement was signed by Amer Zia, Head of Distribution Operations, K-Electric and Abdus Samad H
Published 18 Dec, 2016 12:00am
KP witnesses 68 percent fall in terror attacks: NAP report

KP witnesses 68 percent fall in terror attacks: NAP report

The Khyber Pakhtunkhwa has witnessed 68 percent reduction in terror attacks since the Army Public School (APS) attack on December 16, 2014 in which 144 people, mostly school children, were killed. According to NAP implementation report, law enforcement ag
Published 18 Dec, 2016 12:00am
Desperate 'thousands' await evacuation from Aleppo

Desperate 'thousands' await evacuation from Aleppo

Trapped Syrian civilians and fighters waited desperately Saturday for evacuations to resume from a rebel-held enclave in Aleppo as the Red Cross pleaded for a deal to "save thousands of lives". A rebel representative told AFP agreement had been reached to
Published 18 Dec, 2016 12:00am
Gunmen kill five female Afghan airport staff in Kandahar

Gunmen kill five female Afghan airport staff in Kandahar

Five female Afghan guards working in the airport in southern Kandahar were killed by unknown gunmen as they were on their way to work, security officials said on Saturday, the latest in a string of attacks against women in Afghanistan. From bomb attacks t
Published 18 Dec, 2016 12:00am
10 killed in Sri Lanka road accident

10 killed in Sri Lanka road accident

Ten passengers were killed and another 21 wounded Saturday when a van and a bus collided on a highway in Sri Lanka's former war zone of Jaffna, police said. All those killed in the head-on collision along the A-9 highway were passengers travelling in the
Published 18 Dec, 2016 12:00am
Trump promises Syria 'safe zones', Obama says no easy fix

Trump promises Syria 'safe zones', Obama says no easy fix

US President-elect Donald Trump said on Friday his administration would build "safe zones" to try to help civilians trapped in Syria's bloody conflict, an idea that President Barack Obama said would be too hard to enforce. Trump and Obama spoke separately
Published 18 Dec, 2016 12:00am
West African leaders push to resolve Gambia poll impasse

West African leaders push to resolve Gambia poll impasse

West African leaders called Saturday for a swift resolution of the political impasse in The Gambia after disputed elections in which long-term president Yahya Jammeh is refusing to concede defeat. The appeal came at the 50th summit of the 15-member Econom
Published 18 Dec, 2016 12:00am
Colombian president receives 'Catholic Nobel' for FARC deal

Colombian president receives 'Catholic Nobel' for FARC deal

Colombian President Juan Manuel Santos on Saturday received the Lampara peace prize, the "Catholic Nobel", for his efforts to reach a deal with his country's Marxist FARC rebels. The award, handed over in the Italian city of Assisi, comes a week after San
Published 18 Dec, 2016 12:00am
Mali drops treason charges against former president

Mali drops treason charges against former president

Mali's national assembly has overwhelmingly voted to drop charges of high treason against former president Amadou Toumani Toure in a decision that should allow him to return from exile in Senegal. The move late on Friday was expected given that President
Published 18 Dec, 2016 12:00am
Rights groups slam Franco-Spanish ETA raid

Rights groups slam Franco-Spanish ETA raid

Five people were arrested and arms seized in a police raid which France and Spain claimed dealt a "blow" to Spanish Basque separatists ETA, but which rights groups slammed Saturday as a "political" operation. French and Spanish officers staged the raid la
Published 18 Dec, 2016 12:00am
Mugabe wins party support for 2018 election
Currency

Mugabe wins party support for 2018 election

Supporters of Zimbabwe's President Robert Mugabe chanting "tongai, tongai baba" (rule, rule father) on Saturday endorsed the 92-year-old leader for a 2018 election run. The endorsement, which is likely to result in his 36-year rule being extended, was gre
Published 18 Dec, 2016 12:00am
New anti-government demonstrations in Poland after parliament blockade

New anti-government demonstrations in Poland after parliament blockade

Several thousand people protested on Saturday outside the presidential palace in Warsaw over alleged vote fraud and the rightwing government's plans to impose new restrictions on media coverage of parliament. The fresh demonstrations came after an unprece
Published 18 Dec, 2016 12:00am
Residents flee to hills after quake off PNG; tsunami threat passes

Residents flee to hills after quake off PNG; tsunami threat passes

People living along Papua New Guinea's coastline fled to higher ground on Saturday after a 7.9 magnitude earthquake struck east of the Pacific nation, triggering a tsunami warning for parts of its archipelago. A couple of hours after the quake, the Pacifi
Published 18 Dec, 2016 12:00am
China will give back seized drone, criticises US 'hyping up' the issue

China will give back seized drone, criticises US 'hyping up' the issue

China's Defence Ministry said on Saturday it had been in talks with the United States about returning an underwater drone taken by a Chinese naval vessel in the South China Sea, but the US was not helping by "hyping up" the issue. The drone was taken on T
Published 18 Dec, 2016 12:00am
Three more charged over Nice truck attack

Three more charged over Nice truck attack

A French anti-terrorist judge has charged three more men suspected of helping to arm the Islamist radical who crushed 86 people to death with a truck in Nice, a judicial source said Saturday. The three, who were among 11 arrested on Monday in Nice and the
Published 18 Dec, 2016 12:00am
Congo crisis talks suspended due to deadlock on Kabila succession

Congo crisis talks suspended due to deadlock on Kabila succession

Congolese crisis talks to ensure a peaceful political transition were suspended Saturday, Catholic church mediators said, announcing they would resume only a day after President Joseph Kabila's last legal term in office ends. "Direct negotiations are susp
Published 18 Dec, 2016 12:00am
Prominent Turkish self-help writer shot dead

Prominent Turkish self-help writer shot dead

Turkish authorities have detained a woman on suspicion of shooting dead in Istanbul one of the country's most prominent writers of self-help popular psychology books, reports said on Saturday. Beki Ikala Erikli, 48, was murdered late on Thursday at her ap
Published 18 Dec, 2016 12:00am
Smoggy Beijing, under alert, orders factories to shut or cut output

Smoggy Beijing, under alert, orders factories to shut or cut output

Beijing's city government ordered 1,200 factories near the Chinese capital, including a major oil refinery run by state oil giant Sinopec, to shut or cut output on Saturday after authorities issued the highest possible air pollution alert. On Friday, Chin
Published 18 Dec, 2016 12:00am
France postpones Middle East peace conference to January

France postpones Middle East peace conference to January

France has postponed a proposed Middle East peace conference in Paris to January next year, its ambassador to the United Nations said, acknowledging that the conditions to bring Israelis and Palestinians face-to-face were currently not there. France has r
Published 18 Dec, 2016 12:00am
Duterte fires two immigration officials

Duterte fires two immigration officials

Philippine President Rodrigo Duterte on Saturday fired two immigration officials facing allegations of corruption as he reaffirmed his commitment to ensure a clean government. "I said before that corruption will have no place in my government," Duterte, w
Published 18 Dec, 2016 12:00am
Iran summons British envoy in Syria tit for tat

Iran summons British envoy in Syria tit for tat

Iran summoned the top British diplomat in Tehran for the second time this month to complain about criticism of its actions in Syria, state television reported on Saturday. The move came after British Foreign Secretary Boris Johnson called in the Russian a
Published 18 Dec, 2016 12:00am
Egypt to hand over MS804 air crash victims' remains

Egypt to hand over MS804 air crash victims' remains

Egypt's state prosecutor has ordered that the remains of the victims of the May 19 crash of EgyptAir flight 804 be handed over to their relatives, his office said Saturday. The Airbus A320 had been en route from Paris to Cairo when it crashed into the Med
Published 18 Dec, 2016 12:00am
South Korea protests put pressure on impeachment court

South Korea protests put pressure on impeachment court

Tens of thousands of protestors turned out in Seoul for the eighth straight week Saturday, pushing for the immediate and permanent removal of impeached South Korean President Park Geun-Hye. Unlike previous weeks, the demonstrators didn't have the streets
Published 18 Dec, 2016 12:00am
Pakistan struggle to save pink-ball Test

Pakistan struggle to save pink-ball Test

Pakistan were in a backs-to-the-wall struggle to save the day-night first Test as Australia took a strangle-hold on the third day at the Gabba on Saturday. At the close, the tourists were hanging in at 70 for two with Azhar Ali not out 41 and 112-Test vet
Published 18 Dec, 2016 12:00am
Sports board to sponsor bodybuilder Naveed

Sports board to sponsor bodybuilder Naveed

Sports Board Punjab (SBP) has decided to sponsor the tour of bodybuilder Naveed Ahmad Butt for his participation in Mr Universe competition, being held next year in New Zealand. Sources in SBP said the board has decided to support Naveed in his future end
Published 18 Dec, 2016 12:00am
NBP Master KP Table Tennis begins

NBP Master KP Table Tennis begins

The 9th edition of the NBP Master KP Boys and Girls Table Tennis Championship got under way under the aegis of KP Table Tennis Association here at Qayyum Sports Complex on Saturday. General Manager NBP Regional Office Peshawar Shahid Majeed was the chief
Published 18 Dec, 2016 12:00am
Dawson, Rashid propel England

Dawson, Rashid propel England

Debutant Liam Dawson on Saturday said it could be "hard work" for England bowlers on flat deck after his gritty half-century helped the visitors post a formidable 477 on day two of the fifth Test against India in Chennai. Dawson scored an unbeaten 66 and
Published 18 Dec, 2016 12:00am
Siroch double sends Thais to Suzuki Cup triumph

Siroch double sends Thais to Suzuki Cup triumph

Thai forward Siroch Chatthong scored twice against Indonesia to help Thailand lift the Suzuki Cup in Bangkok late Saturday, overturning a shock first leg deficit. Goals on either side of halftime gave Thailand the 2-0 victory that allowed it to retain the
Published 18 Dec, 2016 12:00am
WBC title fight called off after Povetkin fails drug test

WBC title fight called off after Povetkin fails drug test

A super heavyweight title fight between Russian boxer Alexander Povetkin and Haitian-born Canadian Bermane Stiverne that was scheduled for Saturday has been cancelled after Povetkin failed a drug test. Povetkin's promoter Andrei Ryabinsky wrote on Twitter
Published 18 Dec, 2016 12:00am
Inter-College Cricket: Girls College Mathra post victory

Inter-College Cricket: Girls College Mathra post victory

Government Girls Degree College Mathra Peshawar stunned Shaheed Benazir Bhutto Women University team by eight wickets in the ongoing Girls Inter-College Cricket Championship being played under the aegis of the Directorate of Sports Shaheed Benazir Bhutto
Published 18 Dec, 2016 12:00am
Chelsea turn it up to 11, Vardy off as Leicester draw

Chelsea turn it up to 11, Vardy off as Leicester draw

Diego Costa earned Chelsea a 1-0 victory at Crystal Palace on Saturday as the Premier League leaders claimed a club record-equalling 11th consecutive league victory. Costa headed home Cesar Azpilicueta's cross in the 43rd minute at a foggy Selhurst Park t
Published 18 Dec, 2016 12:00am
FIFA boss wants video refs at 2018 World Cup

FIFA boss wants video refs at 2018 World Cup

FIFA president Gianni Infantino hopes to see video referees used at the 2018 World Cup in Russia - if its teething problems have been fixed in time. Colombia's Atletico Nacional slammed the new video assistant referee (VAR) technology being trialled at th
Published 18 Dec, 2016 12:00am
Khalid leads in KP National Ranking Open Golf

Khalid leads in KP National Ranking Open Golf

Khalid Khan of the City University with his gross five under 67 score over 18 holes was the leader in the 26th KP National Ranking Open Golf Championship being played here at 6666-yard PAF Golf Course on Saturday. Khalid carded two under 34 at front nine
Published 18 Dec, 2016 12:00am
Yuan to fall further on outflows, USD rally
Currency

Yuan to fall further on outflows, USD rally

The Chinese yuan will plumb its lowest level in nearly a decade next year on sustained capital outflows and as the dollar rallies on expectations that US interest rates will rise faster than previously thought, a Reuters poll found. The closely-managed yu
Published 18 Dec, 2016 12:00am
Swedish central bank winning currency war, but costs mounting
Currency

Swedish central bank winning currency war, but costs mounting

Presiding over one of 2016's worst performing currencies in the developed world would normally be an unwanted accolade, but for Sweden's Riksbank it is a proof its gamble on negative rates and money-printing has so far paid off. After being criticised for
Published 18 Dec, 2016 12:00am
Hong Kong yuan deposits fall
Currency

Hong Kong yuan deposits fall

Yuan deposits in Hong Kong, the world's biggest offshore yuan centre, fell 0.4 pct to 662.5 billion yuan ($96.22 billion) in October, the Hong Kong Monetary Authority said on Wednesday. Cross-border trade settlement amounted to 309.4 billion yuan for the
Published 18 Dec, 2016 12:00am
US dollar net longs steady; yen shorts rise
Currency

US dollar net longs steady; yen shorts rise

US dollar net long positions were little changed this week, affirming a trend in place for the last several weeks since the election of Donald Trump as US president. The value of the dollar's net long position was $28.01 billion in the week ended December
Published 18 Dec, 2016 12:00am
Indonesia forex reserves decline
Currency

Indonesia forex reserves decline

Indonesia's foreign exchange reserves dropped to $111.47 billion at the end of November from $115.03 billion one month earlier, Bank Indonesia (BI) said on Wednesday. November's drop of $3.5 billion in reserves was mainly caused by government foreign debt
Published 18 Dec, 2016 12:00am
Dollar holds near 14-year highs as rally loses steam
Currency

Dollar holds near 14-year highs as rally loses steam

The US dollar edged lower against a basket of major currencies on Friday, but still held near 14-year highs touched after Wednesday's Federal Reserve meeting, with profit-taking halting the greenback's rally. The dollar index, which measures the greenback
Published 18 Dec, 2016 12:00am
The euro's return to parity with the dollar
Currency

The euro's return to parity with the dollar

The dollar's worldwide surge on higher US interest rates has dragged the euro below $1.04 , removing the last big chart-based hurdle to a return to parity for the first time since the single currency was launched in physical form in 2002. As the attached
Published 18 Dec, 2016 12:00am
South Africa credit rating, ANC leadership battle to weigh on rand

South Africa credit rating, ANC leadership battle to weigh on rand

South Africa's rand is expected to weaken more than five percent over the coming year in anticipation of a credit rating downgrade, further infighting in the ruling African National Congress party and the prospect of faster US interest rate rises.
Published 18 Dec, 2016 12:00am
Canadian dollar steadies; ends week 1.2 percent lower
Currency

Canadian dollar steadies; ends week 1.2 percent lower

The Canadian dollar steadied against its US counterpart on Friday as oil rose and investors took stock of sharp losses for the currency over the previous two days after the Federal Reserve raised interest rates. For the week, the loonie fell 1.2 percent.
Published 18 Dec, 2016 12:00am
Tech drags Wall Street lower; China tension weighs

Tech drags Wall Street lower; China tension weighs

US stocks fell on Friday, weighed by a more than 4 percent drop in Oracle shares, while recently battered stocks in the real estate and utilities sectors posted the largest gains. Oracle dropped 4.3 percent to $39.10 after its adjusted revenue missed anal
Published 18 Dec, 2016 12:00am
BoJ tops up bond buying for 1st time under new framework

BoJ tops up bond buying for 1st time under new framework

The Bank of Japan increased government bond purchases in regular market operations on Wednesday for the first since adopting its yield curve control in September, signalling its readiness to intervene against unwelcome rises in long-term interest rates. S
Published 18 Dec, 2016 12:00am
BoJ tops up bond buying for 1st time under new framework

BoJ tops up bond buying for 1st time under new framework

The Bank of Japan increased government bond purchases in regular market operations on Wednesday for the first since adopting its yield curve control in September, signalling its readiness to intervene against unwelcome rises in long-term interest rates. S
Published 18 Dec, 2016 12:00am
Video game goodies are new frontier for Deutsche Boerse
Currency

Video game goodies are new frontier for Deutsche Boerse

Magic armour and virtual hats will soon join Siemens, Volkswagen and other bluechips in trading on the German stock market. Deutsche Boerse on Thursday announced plans for an innovative market in video game items - weapons, artefacts and other performance
Published 18 Dec, 2016 12:00am
US bull market seen extending into 2017 but Trump a wild card
Currency

US bull market seen extending into 2017 but Trump a wild card

The US stock market's bull run since 2009 will extend into 2017 if President-elect Donald Trump's plans to stimulate the economy with infrastructure spending and financial deregulation come to pass, according to strategists in a Reuters poll. But limiting
Published 18 Dec, 2016 12:00am
China regulator to unveil new stock investment rules for insurers

China regulator to unveil new stock investment rules for insurers

China's insurance regulator will soon announce new rules to tighten control over insurance companies' stock market investment activities, local media Caixin reported. The China Insurance Regulatory Commission (CIRC) is expected to publish a new notice tha
Published 18 Dec, 2016 12:00am
Egypt plans $2.5-3 billion Eurobond by mid-January
Currency

Egypt plans $2.5-3 billion Eurobond by mid-January

Egypt plans to issue its $2.5-3 billion Eurobond by mid-January and will seek to issue another international bond of a similar value in the second half of 2017, state news agency MENA quoted Finance Minister Amr El Garhy as saying on Monday. Egypt had pla
Published 18 Dec, 2016 12:00am
Egypt plans $2.5-3 billion Eurobond by mid-January
Currency

Egypt plans $2.5-3 billion Eurobond by mid-January

Egypt plans to issue its $2.5-3 billion Eurobond by mid-January and will seek to issue another international bond of a similar value in the second half of 2017, state news agency MENA quoted Finance Minister Amr El Garhy as saying on Monday. Egypt had pla
Published 18 Dec, 2016 12:00am
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