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Archive - 2017-01-01
RugbyU: French Top 14 results
Sports

RugbyU: French Top 14 results

PARIS: French Top 14 results on Sunday: La Rochele 40 Grenoble 3Toulon v Racing 92 (1945 GMT)SaturdayPau 32 Montpellier
Published 01 Jan, 2017 06:37pm
2016 brought many achievements in country: Musadik
General News

2016 brought many achievements in country: Musadik

ISLAMABAD: Spokesman to the Prime Minister Dr Musadik Malik has said the year of 2016 had brought many achievements in different sectors and was much better regarding economy, law and order, loadshedding and development in the country.
Published 01 Jan, 2017 06:16pm
Bilawal felicitates newly-appointed UN SG
General News

Bilawal felicitates newly-appointed UN SG

KARACHI: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has felicitated newly-appointed Secretary General of the United Nations Antonio Guterres and welcomed his appeal for New Year resolution "to put peace first".
Published 01 Jan, 2017 06:05pm
Tennis: WTA Shenzhen results
Sports

Tennis: WTA Shenzhen results

SHENZHEN: Results from the first day of the WTA Shenzhen tennis tournament on Sunday (X denotes seed): 1st rdSorana Cirs
Published 01 Jan, 2017 06:03pm
Cyprus urges Turkey to face up to responsibilities
Europe

Cyprus urges Turkey to face up to responsibilities

NICOSIA: Cypriot President Nicos Anastasiades on Saturday urged Turkey to live up to its responsibilities and help to reunify the divided island when crucial peace talks resume next month in Switzerland.
Published 01 Jan, 2017 05:54pm
Plane with expelled diplomats leaves US: Russian media
World Top News

Plane with expelled diplomats leaves US: Russian media

MOSCOW: A plane carrying 35 Russian diplomats, expelled from the United States over Moscow's alleged interference in the presidential election, took off from Washington on Sunday, Russian news agencies reported.
Published 01 Jan, 2017 04:58pm
Guardiola primes Man City for top-four scrap
Football

Guardiola primes Man City for top-four scrap

LIVERPOOL: Manchester City manager Pep Guardiola acknowledged his team face a battle just to secure a top-four Premier League finish following their 1-0 defeat at Liverpool.
Published 01 Jan, 2017 02:58pm
Mourinho salutes Old Trafford faithful
Football

Mourinho salutes Old Trafford faithful

MANCHESTER: Manchester United manager Jose Mourinho saluted the Old Trafford crowd and said they swept his side to a dramatic 2-1 victory over Middlesbrough.
Published 01 Jan, 2017 02:57pm
Deutsche Bank chairman rules out European merger
Money & Banking

Deutsche Bank chairman rules out European merger

BERLIN: Deutsche Bank Chairman Paul Achleitner has ruled out a European merger or a state bailout after the lender's mortgage settlement with the US Department of Justice, Frankfurter Allgemeine Sonntagszeitung reported.
Published 01 Jan, 2017 02:45pm
Saudi rises, Oman hit by higher telecommunications tax
Financial

Saudi rises, Oman hit by higher telecommunications tax

DUBAI: Saudi Arabia's stock market rose on Sunday with much activity focusing on second- and third-tier stocks rather than blue chips, while Oman's bourse was dragged down by a higher tax on telecommunications companies.
Published 01 Jan, 2017 02:44pm
Indonesian tourist boat blaze kills 23
Asia

Indonesian tourist boat blaze kills 23

JAKARTA: A massive fire erupted in a boat carrying hundreds of local tourists to an island north of the Indonesian capital Jakarta Sunday, leaving at least 23 dead and 17 injured, officials said.
Published 01 Jan, 2017 02:30pm
New UN chief aims to make 2017 'a year for peace'
Front Top News

New UN chief aims to make 2017 'a year for peace'

UNITED NATIONS: The new United Nations chief Antonio Guterres said Sunday he would like to make 2017 a year to "put peace first," in a message heralding the new year and marking his first day as the world body's chief.
Published 01 Jan, 2017 02:28pm
Syria clashes test fragile truce
Middle East

Syria clashes test fragile truce

BEIRUT: Fighting in parts of Syria on Sunday threatened a shaky ceasefire brokered by Russia and Turkey, whose efforts to kickstart talks towards ending the conflict won backing from world powers.
Published 01 Jan, 2017 02:26pm
Turkey nightclub attack: What we know
Europe

Turkey nightclub attack: What we know

ISTANBUL: Thirty-nine people were killed and dozens wounded Sunday when a gunman stormed a popular Istanbul nightclub and sprayed bullets at revellers celebrating the New Year.
Published 01 Jan, 2017 02:22pm
A year of deadly attacks in Turkey
World Top News

A year of deadly attacks in Turkey

ISTANBUL: Thirty-nine people were killed in Istanbul on Sunday when a gunman went on a shooting rampage in an upmarket nightclub as revellers celebrated the New Year.
Published 01 Jan, 2017 02:21pm
Indian proposal at UNSC was politically motivated: FO
World Top News

Indian proposal at UNSC was politically motivated: FO

ISLAMABAD: Pakistan on Sunday said that the Indian proposal at the United Nations Security Council's 1267 Sanctions Committee was politically motivated, replete with frivolous information and baseless allegations.
Published 01 Jan, 2017 10:45am
Australia double up on spin as Misbah ponders
Cricket

Australia double up on spin as Misbah ponders

SYDNEY: Australia have one eye on India and Pakistan could be contemplating life without their most successful captain Misbah-ul-Haq when the final 'dead' Test begins on Tuesday in Sydney.
Published 01 Jan, 2017 08:33am
China manufacturing growth slows
World

China manufacturing growth slows

BEIJING: Manufacturing activity in China slowed slightly in December, official figures showed Sunday, as the world's second largest economy stabilises.
Published 01 Jan, 2017 08:28am
Kerber enjoying No 1 pressure
Sports

Kerber enjoying No 1 pressure

BRISBANE: Germany's Angelique Kerber said Sunday she was enjoying the pressure of being the world's top-ranked tennis player as she prepares to get her 2017 season underway.
Published 01 Jan, 2017 08:25am
Ponting joins Australia Twenty20 coaching team
Cricket

Ponting joins Australia Twenty20 coaching team

SYDNEY: Former Test skipper Ricky Ponting has been appointed as an assistant coach to the Australia Twenty20 international squad for next month's series against Sri Lanka, Cricket Australia said Sunday.
Published 01 Jan, 2017 06:42am
White House condemns 'horrific' Istanbul attack
Front Top News

White House condemns 'horrific' Istanbul attack

WASHINGTON: The White House condemned the "savagery" of at least one gunman in Istanbul who killed at least 35 people and wounded 40 others as they celebrated the New Year, calling the attack "horrific.
Published 01 Jan, 2017 04:22am
Istanbul nightclub 'Santa attack' kills 35
World Top News

Istanbul nightclub 'Santa attack' kills 35

ISTANBUL: At least 35 people were killed and 40 wounded in a "terror" attack in Istanbul Sunday when gunmen reportedly dressed as Santa stormed an elite nightclub where partygoers were celebrating the New Year, the latest carnage to rock Turkey after a bl
Published 01 Jan, 2017 04:21am
Argentina's soya oil output grows 8.5 percent

Argentina's soya oil output grows 8.5 percent

Argentina's soya oil production grew 8.5 percent to 8.01 million tonnes between January and November compared with the same period last year, as a greater volume of soyabeans were processed, Argentina's agricultural ministry said on Thursday. Argentina is
Published 01 Jan, 2017 12:00am
Firmer trend prevails on cotton market
Cotton

Firmer trend prevails on cotton market

In line with the international track, prices moved up on the cotton market on Saturday in the process of trading activity, dealers said. The official spot rate was unchanged at Rs 6250, dealers said. In Sindh, seed cotton prices were at Rs 2600-3250, they
Published 01 Jan, 2017 12:00am
China's diesel demand likely to rise ahead of Lunar New Year

China's diesel demand likely to rise ahead of Lunar New Year

China's diesel demand is likely to pick up pace ahead of the Lunar New Year as traders stock up barrels ahead of the festivities and as construction activity picks up in some areas, four trade sources said on Thursday. Implied diesel demand in October in
Published 01 Jan, 2017 12:00am
Asia's naphtha crack eases

Asia's naphtha crack eases

Asia's naphtha crack slipped marginally from a four-week high to a two-session low of $74.80 a tonne on Thursday, but demand for the fuel from petrochemical makers stayed firm. South Korea's GS Caltex had bought a naphtha cargo for first-half February del
Published 01 Jan, 2017 12:00am
US Midwest corn bids higher

US Midwest corn bids higher

Corn spot basis bids were higher at a processor in Decatur, Illinois, and an elevator in northern Indiana on Thursday, supported by a slow pace of farmer sales, grain merchants said. Farmers finished the harvest of a record-large US crop more than a month
Published 01 Jan, 2017 12:00am
Asian rice markets dull on year-end holidays

Asian rice markets dull on year-end holidays

Rice markets in the world's biggest exporters of the grain saw barely any deals amid Christmas and New Year holidays, traders said on Wednesday. Prices in Vietnam, the world's third-biggest rice exporter, were little changed from last week, with Vietnam q
Published 01 Jan, 2017 12:00am
US FOB Gulf corn, soyabean export offers higher

US FOB Gulf corn, soyabean export offers higher

Export premiums for corn and soyabeans shipped from the US Gulf Coast were steady to slightly higher on Thursday due to firm demand, traders said. On Friday, the US Department of Agriculture is expected to report US soyabean export sales in the latest wee
Published 01 Jan, 2017 12:00am
South Korea buys 126,151 tonnes of rice

South Korea buys 126,151 tonnes of rice

South Korea's state-backed Agro-Fisheries & Food Trade Corp purchased 126,151 tonnes of rice on Thursday, fulfilling tenders it had placed a week ago, European traders said. The tender had sought brown short, brown long, milled long and milled medium rice
Published 01 Jan, 2017 12:00am
HRW wheat bids steady

HRW wheat bids steady

Cash basis bids for hard red winter (HRW) wheat in the southern US Plains on Thursday were steady as farmers eyed higher futures prices in quiet pre-holiday activity, said merchants. The weaker dollar, which makes US grain more attractive to foreign buyer
Published 01 Jan, 2017 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures declined to the lowest levels in more than two months on Thursday as investment funds dumped long positions and a rally in the dollar made the oilseed less attractive in global markets, traders said. Declines in Chicago Board o
Published 01 Jan, 2017 12:00am
Soyameal mixed on European feeds market

Soyameal mixed on European feeds market

Soyameal on the European meals and feeds market was offered in a tight range in thin trade on Thursday as players wound down business ahead of the end of the year. "There was little going on as most players have closed their books until the New Year. Pric
Published 01 Jan, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

KARACHI: Firmness prevailed on the money market on Saturday as the rupee held overnight levels against the dollar in the process of trading, dealers said. The rupee did not move any side versus the dollar for buying and selling at Rs 108.10 and Rs 108.30
Published 01 Jan, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

KARACHI: Firmness prevailed on the money market on Saturday as the rupee held overnight levels against the dollar in the process of trading, dealers said. The rupee did not move any side versus the dollar for buying and selling at Rs 108.10 and Rs 108.30
Published 01 Jan, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 31, 2016).

Published 01 Jan, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 31, 2016).

Published 01 Jan, 2017 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 31, 2016).

Published 01 Jan, 2017 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 31, 2016).

Published 01 Jan, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 31, 2016)

Published 01 Jan, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (December 31, 2016).

Published 01 Jan, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 31, 2016).

Published 01 Jan, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 31, 2016).

Published 01 Jan, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (December 31, 2016) and the forecast for Sunday (January 01, 2017).

Published 01 Jan, 2017 12:00am
Russian hackers penetrate Vermont utility system: report

Russian hackers penetrate Vermont utility system: report

A code connected to Russian hacking efforts has been discovered in a utility system in Vermont, The Washington Post reported. The code detected in the north-eastern state's system did not disrupt its operations, the paper wrote on Friday, citing US offici
Published 01 Jan, 2017 12:00am
Siraj-led panel sweeps KPC elections

Siraj-led panel sweeps KPC elections

'The Democrats' panel trounced the rival 'The Journalists' panel in the annual election of Karachi Press Club, here on Saturday. All the contestants belonging to the Democrats panel were elected with a huge margin of votes. The Democrats' Siraj Ahmed was
Published 01 Jan, 2017 12:00am
ANP leader shot dead in Peshawar

ANP leader shot dead in Peshawar

Awami National Party (ANP) local leader Raheem Barkzai was killed while his companion injured in firing on vehicle here on Saturday. 3 attackers arrested by police. Police said that armed men ambushed vehicle of ANP leader Raheem Barkzai in Mithra localit
Published 01 Jan, 2017 12:00am
Russia gets UN backing for Syria truce, Kazakhstan talks

Russia gets UN backing for Syria truce, Kazakhstan talks

A ceasefire held across most of Syria on Saturday as Russia and Turkey secured unanimous passage of a UN resolution backing their efforts to "jumpstart" talks aimed at ending the nearly six-year conflict. The Security Council resolution aims to pave the w
Published 01 Jan, 2017 12:00am
Australia kicks off global New Year party despite terror threat

Australia kicks off global New Year party despite terror threat

Australia rang in the new year Sunday with a spectacular fireworks display in Sydney, sending rainbow-coloured showers into the night sky and defying the global terror attacks that cast a pall over 2016. Around 1.5 million people packed Australia's bigges
Published 01 Jan, 2017 12:00am
Australia kicks off global New Year party despite terror threat

Australia kicks off global New Year party despite terror threat

Australia rang in the new year Sunday with a spectacular fireworks display in Sydney, sending rainbow-coloured showers into the night sky and defying the global terror attacks that cast a pall over 2016. Around 1.5 million people packed Australia's bigges
Published 01 Jan, 2017 12:00am
Bajwa greets Afghan leadership

Bajwa greets Afghan leadership

Chief of the Army Staff General Qamar Javed Bajwa on Saturday conveyed wishes on telephone to the Afghan civil and military leadership for the new year and pledged to work for peace in the region. "CoAS called Afghan President Ashraf Ghani, Chief Executiv
Published 01 Jan, 2017 12:00am
Bajwa greets Afghan leadership

Bajwa greets Afghan leadership

Chief of the Army Staff General Qamar Javed Bajwa on Saturday conveyed wishes on telephone to the Afghan civil and military leadership for the new year and pledged to work for peace in the region. "CoAS called Afghan President Ashraf Ghani, Chief Executiv
Published 01 Jan, 2017 12:00am
Rs 7.82 per unit upfront tariff approved for sugar mills

Rs 7.82 per unit upfront tariff approved for sugar mills

While rejecting the requests of existing sugar mills for an upward revision of bagasse- fired electricity, National Electric Power Regulatory Authority (Nepra) has formally approved upfront tariff of Rs 7.82 per unit for sugar mills which is already appli
Published 01 Jan, 2017 12:00am
Rs 7.82 per unit upfront tariff approved for sugar mills

Rs 7.82 per unit upfront tariff approved for sugar mills

While rejecting the requests of existing sugar mills for an upward revision of bagasse- fired electricity, National Electric Power Regulatory Authority (Nepra) has formally approved upfront tariff of Rs 7.82 per unit for sugar mills which is already appli
Published 01 Jan, 2017 12:00am
Rs 7.82 per unit upfront tariff approved for sugar mills

Rs 7.82 per unit upfront tariff approved for sugar mills

While rejecting the requests of existing sugar mills for an upward revision of bagasse- fired electricity, National Electric Power Regulatory Authority (Nepra) has formally approved upfront tariff of Rs 7.82 per unit for sugar mills which is already appli
Published 01 Jan, 2017 12:00am
Rs 7.82 per unit upfront tariff approved for sugar mills

Rs 7.82 per unit upfront tariff approved for sugar mills

While rejecting the requests of existing sugar mills for an upward revision of bagasse- fired electricity, National Electric Power Regulatory Authority (Nepra) has formally approved upfront tariff of Rs 7.82 per unit for sugar mills which is already appli
Published 01 Jan, 2017 12:00am
Number of return filers up by 50 percent, ECC told

Number of return filers up by 50 percent, ECC told

The Economic Co-ordination Committee of the Cabinet was informed that there is 50 percent increase in the number of income tax return filers during the current fiscal year as compared to the same period of 2015-16. Sources told Business Recorder he
Published 01 Jan, 2017 12:00am
Number of return filers up by 50 percent, ECC told

Number of return filers up by 50 percent, ECC told

The Economic Co-ordination Committee of the Cabinet was informed that there is 50 percent increase in the number of income tax return filers during the current fiscal year as compared to the same period of 2015-16. Sources told Business Recorder he
Published 01 Jan, 2017 12:00am
Number of return filers up by 50 percent, ECC told

Number of return filers up by 50 percent, ECC told

The Economic Co-ordination Committee of the Cabinet was informed that there is 50 percent increase in the number of income tax return filers during the current fiscal year as compared to the same period of 2015-16. Sources told Business Recorder he
Published 01 Jan, 2017 12:00am
POL products' prices kept unchanged

POL products' prices kept unchanged

The government has maintained the prices of petroleum products for the next 15 days at least, as there will be no change in prices of petrol and high speed diesel till January 15, 2017 while prices of kerosene oil and light diesel oil will remain the same
Published 01 Jan, 2017 12:00am
POL products' prices kept unchanged

POL products' prices kept unchanged

The government has maintained the prices of petroleum products for the next 15 days at least, as there will be no change in prices of petrol and high speed diesel till January 15, 2017 while prices of kerosene oil and light diesel oil will remain the same
Published 01 Jan, 2017 12:00am
POL products'' prices kept unchanged

POL products'' prices kept unchanged

The government has maintained the prices of petroleum products for the next 15 days at least, as there will be no change in prices of petrol and high speed diesel till January 15, 2017 while prices of kerosene oil and light diesel oil will remain the same
Published 01 Jan, 2017 12:00am
CJP constitutes bench to hear Panamagate case

CJP constitutes bench to hear Panamagate case

The newly-appointed Chief Justice of Pakistan, Justice Mian Saqib Nisar Saturday formed a five-member larger bench to hear Panamagate case. A five-member larger bench led by senior puisne judge, Justice Asif Saeed Khan, and comprising Justice Ejaz Afzal K
Published 01 Jan, 2017 12:00am
CJP constitutes bench to hear Panamagate case

CJP constitutes bench to hear Panamagate case

The newly-appointed Chief Justice of Pakistan, Justice Mian Saqib Nisar Saturday formed a five-member larger bench to hear Panamagate case. A five-member larger bench led by senior puisne judge, Justice Asif Saeed Khan, and comprising Justice Ejaz Afzal K
Published 01 Jan, 2017 12:00am
Justice Saqib Nisar sworn in as CJP

Justice Saqib Nisar sworn in as CJP

Justice Mian Saqib Nisar Saturday took oath as 25th Chief Justice of Pakistan for two years, 18 days. President Mamnoon Hussain administered the oath to the Justice Saqib Nisar at Aiwan-e-Sadr. The simple but impressive ceremony was attended by Prime Mini
Published 01 Jan, 2017 12:00am
Justice Saqib Nisar sworn in as CJP

Justice Saqib Nisar sworn in as CJP

Justice Mian Saqib Nisar Saturday took oath as 25th Chief Justice of Pakistan for two years, 18 days. President Mamnoon Hussain administered the oath to the Justice Saqib Nisar at Aiwan-e-Sadr. The simple but impressive ceremony was attended by Prime Mini
Published 01 Jan, 2017 12:00am
LGs heads take oath across Punjab

LGs heads take oath across Punjab

The heads of local governments in Punjab took oath of their offices at their respective district headquarters on Saturday. Returning Officers concerned administered oath from Mayors, Deputy Mayors, Chairmen and Vice Chairmen of District Councils. Accordin
Published 01 Jan, 2017 12:00am
LGs heads take oath across Punjab

LGs heads take oath across Punjab

The heads of local governments in Punjab took oath of their offices at their respective district headquarters on Saturday. Returning Officers concerned administered oath from Mayors, Deputy Mayors, Chairmen and Vice Chairmen of District Councils. Accordin
Published 01 Jan, 2017 12:00am
Foxconn invests $8 billion in China LCD plant

Foxconn invests $8 billion in China LCD plant

Taiwan tech-giant Foxconn plans to build an $8.8-billion factory in China, state media said Saturday, amid reports its billionaire boss is cooling off on future US investments. Foxconn, a major Apple supplier, will spend the vast sum on an industrial comp
Published 01 Jan, 2017 12:00am
Foxconn invests $8 billion in China LCD plant

Foxconn invests $8 billion in China LCD plant

Taiwan tech-giant Foxconn plans to build an $8.8-billion factory in China, state media said Saturday, amid reports its billionaire boss is cooling off on future US investments. Foxconn, a major Apple supplier, will spend the vast sum on an industrial comp
Published 01 Jan, 2017 12:00am
Foxconn invests $8 billion in China LCD plant

Foxconn invests $8 billion in China LCD plant

Taiwan tech-giant Foxconn plans to build an $8.8-billion factory in China, state media said Saturday, amid reports its billionaire boss is cooling off on future US investments. Foxconn, a major Apple supplier, will spend the vast sum on an industrial comp
Published 01 Jan, 2017 12:00am
Carnegie Deli, a New York institution, closes its doors

Carnegie Deli, a New York institution, closes its doors

For 79 years it reigned as a New York culinary institution: the Carnegie Deli, frequented by locals and visitors for its ginormous sandwiches, and immortalized in the Woody Allen movie "Broadway Danny Rose." Now, it's closed, relegated to nostalgic photos
Published 01 Jan, 2017 12:00am
SBP governor meets Dar

SBP governor meets Dar

Governor State Bank of Pakistan Ashraf Mahmood Wathra called on the Finance Minister Ishaq Dar, here on Saturday. Governor SBP briefed the Minister on the latest position of the country's foreign exchange reserves. He informed the Minister that on Decembe
Published 01 Jan, 2017 12:00am
SBP governor meets Dar

SBP governor meets Dar

Governor State Bank of Pakistan Ashraf Mahmood Wathra called on the Finance Minister Ishaq Dar, here on Saturday. Governor SBP briefed the Minister on the latest position of the country's foreign exchange reserves. He informed the Minister that on Decembe
Published 01 Jan, 2017 12:00am
SBP governor meets Dar

SBP governor meets Dar

Governor State Bank of Pakistan Ashraf Mahmood Wathra called on the Finance Minister Ishaq Dar, here on Saturday. Governor SBP briefed the Minister on the latest position of the country''s foreign exchange reserves. He informed the Minister that on Decemb
Published 01 Jan, 2017 12:00am
Packaged milk industry welcomes government measures

Packaged milk industry welcomes government measures

The packaged milk industry has welcomed the government's steps to ensure supply of quality milk to the consumers and is ready to share its value chain, quality maintenance and supply for assessment of standard and quality of milk. Industry sources said th
Published 01 Jan, 2017 12:00am
Packaged milk industry welcomes government measures

Packaged milk industry welcomes government measures

The packaged milk industry has welcomed the government's steps to ensure supply of quality milk to the consumers and is ready to share its value chain, quality maintenance and supply for assessment of standard and quality of milk. Industry sources said th
Published 01 Jan, 2017 12:00am
Packaged milk industry welcomes government measures

Packaged milk industry welcomes government measures

The packaged milk industry has welcomed the government''s steps to ensure supply of quality milk to the consumers and is ready to share its value chain, quality maintenance and supply for assessment of standard and quality of milk. Industry sources said t
Published 01 Jan, 2017 12:00am
Modi defends cash ban, announces incentives

Modi defends cash ban, announces incentives

Indian Prime Minister Narendra Modi announced a slew of incentives to the poor, farmers, women and small businesses on Saturday in a special New Year's address, and defended his shock decision to abolish high denomination bank notes. The withdrawal of 500
Published 01 Jan, 2017 12:00am
Modi defends cash ban, announces incentives

Modi defends cash ban, announces incentives

Indian Prime Minister Narendra Modi announced a slew of incentives to the poor, farmers, women and small businesses on Saturday in a special New Year's address, and defended his shock decision to abolish high denomination bank notes. The withdrawal of 500
Published 01 Jan, 2017 12:00am
Modi defends cash ban, announces incentives

Modi defends cash ban, announces incentives

Indian Prime Minister Narendra Modi announced a slew of incentives to the poor, farmers, women and small businesses on Saturday in a special New Year''s address, and defended his shock decision to abolish high denomination bank notes. The withdrawal of 50
Published 01 Jan, 2017 12:00am
President confers Nishan-e-Imtiaz (M) on CJCSC, CoAS

President confers Nishan-e-Imtiaz (M) on CJCSC, CoAS

President Mamnoon Hussain conferred the award of Nishan-e-Imtiaz (M) upon Chairman Joint Chiefs of Staff Committee, General Zubair Mehmood Hayat and Chief of the Army Staff, General Qamar Javed Bajwa in a special investiture ceremony held at the Aiwan-e-S
Published 01 Jan, 2017 12:00am
President confers Nishan-e-Imtiaz (M) on CJCSC, CoAS

President confers Nishan-e-Imtiaz (M) on CJCSC, CoAS

President Mamnoon Hussain conferred the award of Nishan-e-Imtiaz (M) upon Chairman Joint Chiefs of Staff Committee, General Zubair Mehmood Hayat and Chief of the Army Staff, General Qamar Javed Bajwa in a special investiture ceremony held at the Aiwan-e-S
Published 01 Jan, 2017 12:00am
New IT policy envisages $6 billion telecom exports

New IT policy envisages $6 billion telecom exports

The Ministry of Information Technology and Telecommunication has completed consultations on the draft National IT Policy 2016, envisaging software and telecom enabled services exports at $6 billion by 2020. Ministry made public the draft of National IT Po
Published 01 Jan, 2017 12:00am
New IT policy envisages $6 billion telecom exports

New IT policy envisages $6 billion telecom exports

The Ministry of Information Technology and Telecommunication has completed consultations on the draft National IT Policy 2016, envisaging software and telecom enabled services exports at $6 billion by 2020. Ministry made public the draft of National IT Po
Published 01 Jan, 2017 12:00am
New IT policy envisages $6 billion telecom exports

New IT policy envisages $6 billion telecom exports

The Ministry of Information Technology and Telecommunication has completed consultations on the draft National IT Policy 2016, envisaging software and telecom enabled services exports at $6 billion by 2020. Ministry made public the draft of National IT Po
Published 01 Jan, 2017 12:00am
China to cut coal capacity by 800 million tonnes by 2020

China to cut coal capacity by 800 million tonnes by 2020

China has set a target of reducing its annual coal capacity by 800 million tonnes, according to a government plan reported Saturday by state media. Despite the target, Beijing expects total coal output to rise to around 3.9 billion tonnes by 2020, compare
Published 01 Jan, 2017 12:00am
China to cut coal capacity by 800 million tonnes by 2020

China to cut coal capacity by 800 million tonnes by 2020

China has set a target of reducing its annual coal capacity by 800 million tonnes, according to a government plan reported Saturday by state media. Despite the target, Beijing expects total coal output to rise to around 3.9 billion tonnes by 2020, compare
Published 01 Jan, 2017 12:00am
China to cut coal capacity by 800 million tonnes by 2020

China to cut coal capacity by 800 million tonnes by 2020

China has set a target of reducing its annual coal capacity by 800 million tonnes, according to a government plan reported Saturday by state media. Despite the target, Beijing expects total coal output to rise to around 3.9 billion tonnes by 2020, compare
Published 01 Jan, 2017 12:00am
Zardari's 'surprise'

Zardari's 'surprise'

Former president and co-chairman PPP Asif Ali Zardari's return to the country after a self-imposed exile of a year and a half set tongues wagging as to what the return portended. Zardari added fuel to the fire by announcing on his arrival in Karachi that
Published 01 Jan, 2017 12:00am
Ensuring energy security

Ensuring energy security

Iterating his commitment to rid the country of electricity load-shedding by 2018, Prime Minister Nawaz Sharif inaugurated, on Wednesday, 340MW Chashma-III nuclear power plant - a Pak-China collaborative project like the Chashma I and II that are already o
Published 01 Jan, 2017 12:00am
Lethal moonshine

Lethal moonshine

This past Christmas a toxic drink took some 35 lives in a Christian locality of Toba Tek Singh. Quite a few others are still undergoing treatment. As to who served the toxic drink there is some confusion, but the most popular version is that somebody 'bou
Published 01 Jan, 2017 12:00am
Keti Bandar included in CPEC

Keti Bandar included in CPEC

It is heartening to note that Keti Bandar and Karachi Circular Railway (KCR) have been made part of the China Pakistan Economic Corridor (CPEC). KCR is still the most viable project as per a study of JICA. The then prime minister, Yousuf Raza Gilani, in h
Published 01 Jan, 2017 12:00am
Trump praises Putin for holding back in US-Russia spy dispute

Trump praises Putin for holding back in US-Russia spy dispute

US President-elect Donald Trump on Friday praised Russian President Vladimir Putin for refraining from retaliation in a dispute over spying and cyber attacks, in another sign that the Republican plans to patch up badly frayed relations with Moscow. Putin
Published 01 Jan, 2017 12:00am
French workers win 'right to disconnect'

French workers win 'right to disconnect'

French companies will be required to guarantee a "right to disconnect" to their employees from Sunday as the country seeks to tackle the modern-day scourge of compulsive out-of-hours email checking. From January 1, a new employment law will enter into for
Published 01 Jan, 2017 12:00am
Energy and water issues: no sign of conservation - I

Energy and water issues: no sign of conservation - I

A golden opportunity in the shape of CPEC projects is being misconstrued as "economic take-off"! We should first accept that all projects, specially energy and water projects, must be efficient and cost-effective otherwise, we will be standing with beggar
Published 01 Jan, 2017 12:00am
Karachi witnessed decrease in targeted killing in 2016

Karachi witnessed decrease in targeted killing in 2016

Target killing, terrorism, kidnapping for ransom and extortion incidents have significantly dropped in Karachi during 2016. According to details, Karachi police have issued an annual performance report stating, an apparent decrease of 33 percent has been
Published 01 Jan, 2017 12:00am
29 forced labours freed from private jail in Badin

29 forced labours freed from private jail in Badin

The police rescued 29 forced labours from private jail of a landlord during a raid here on Saturday. According to details, in line with the directives of court, a police team raided private prison of landlord in Khawara locality of Badin. During raid 29 f
Published 01 Jan, 2017 12:00am
Prices of vegetables witness downward trend

Prices of vegetables witness downward trend

Prices of the seasonal vegetables have started reducing in retail markets with the improvement in the supplies from upcountry. The prices of onion, tomato and ladies finger have been registering a downward trend during the previous fortnight due to arriva
Published 01 Jan, 2017 12:00am
ICAP holds grand finale of Finance Olympiad

ICAP holds grand finale of Finance Olympiad

The Institute of Chartered Accountants of Pakistan (ICAP) organised the grand finale of the Finance Olympiad for its trainee students to display and test the professionalism, knowledge, concrete decision making and aptitude of students at ICAP Lahore. The
Published 01 Jan, 2017 12:00am
SIUT volunteers' training programme concludes

SIUT volunteers' training programme concludes

The 45th batch of volunteers comprising 250 students on Saturday concluded their training, arranged by Sindh Institute of Urology and Transplantation (SIUT) in the field of community services and medical care. Speaking on the occasion, Professor Anwar Naq
Published 01 Jan, 2017 12:00am
Youths shoot traffic warden

Youths shoot traffic warden

Two young men on a motorcycle opened fire at a traffic warden in Civil Lines area on Saturday. The injured traffic warden was brought to the Civil Hospital for treatment. Police had arrested one of the accused, but the other managed to flee. The traffic w
Published 01 Jan, 2017 12:00am
Several PIA flights delayed due to fog

Several PIA flights delayed due to fog

The flight schedule of Pakistan International Airlines (PIA) on Saturday badly disturbed, following the foggy weather in Karachi, Faisalabad and Abu Dhabi. According to details, several PIA flights have been diverted or delayed since early hours of Saturd
Published 01 Jan, 2017 12:00am
Dense fog across plain areas alerted

Dense fog across plain areas alerted

The Met Office on Saturday alerted the citizens to dense fog across the plain areas of Punjab, Khyber Pakhtunkhwa and Upper Sindh in the next 24 hours. The foggy condition will prevail during the night and morning hours in the plains. However, mainly cold
Published 01 Jan, 2017 12:00am
Baldia factory case: Rauf Siddiqui gets pre-arrest bail

Baldia factory case: Rauf Siddiqui gets pre-arrest bail

An Anti-Terrorism Court-II (ATC-II) on Saturday granted an interim pre-arrest bail to Muttahida Qaumi Movement-Pakistan (MQM-P) leader and MPA Rauf Siddiqui in Baldia factory inferno case. After the revelations made by Abdul Rehman alias Bhola, the main s
Published 01 Jan, 2017 12:00am
Imran demands Baldia trial in military court

Imran demands Baldia trial in military court

Pakistan Tehreek-e-Insaf Chairman Imran Khan has appealed the government in the name of humanity to arrest the culprits involved in the burning of innocent people at Baldia factory and their cases be tried in military courts. Addressing a press conference
Published 01 Jan, 2017 12:00am
Imran says bad governance hits country's investment

Imran says bad governance hits country's investment

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan said that Economic Reforms Act 1992 was meant to legalise the black money in the country besides corrupt elite had opened up offshore companies under the garb of the act. He was speaking to the business c
Published 01 Jan, 2017 12:00am
Pakistan HC to take part in London New Year's Day Parade

Pakistan HC to take part in London New Year's Day Parade

The Pakistan High Commission London is all set to participate in the London New Year's Day Parade (LNYDP), on 1st January 2017 (Sunday). In this regard, all the preparations and rehearsals with the volunteers and performers have been completed. This is fi
Published 01 Jan, 2017 12:00am
Kismet Baig murder: physical remand of suspects extended

Kismet Baig murder: physical remand of suspects extended

A judicial magistrate on Saturday extended physical remand of four suspects involved in murder of stage actress Kismet Baig. The suspects include Habib, Rizwan, Abid and Azam. Harbanspura police the suspects before the magistrate and contended that two pi
Published 01 Jan, 2017 12:00am
Shrines' income soars by eight percent

Shrines' income soars by eight percent

The income of eight big shrines functioning under administration of Auqaf and Religious Affairs soared by eight percent in one year. Income of Data Darbar went up by Rs 15 million to Rs 230.97 million in January-November 2016. Financial data of period spa
Published 01 Jan, 2017 12:00am
NHA to set up ERCs along highways anytime soon

NHA to set up ERCs along highways anytime soon

The National Highway Authority (NHA) would soon set up Emergency Response Centres (ERCs) along the national highways in Pakistan. An official of NHA told Agency on Saturday that initially those centres would be set up on three highways of Balochistan. The
Published 01 Jan, 2017 12:00am
Over 400 youth to be trained in FATA

Over 400 youth to be trained in FATA

Over 400 youth from Federally Administered Tribal Area (FATA) under Prime Minister's Youth Skill Development Programme would be trained in the third phase of training. Spokesperson of National Vocational and Technical Training Commission (NAVTTC) said her
Published 01 Jan, 2017 12:00am
Dar assures UK HC of full support to facilitate investments

Dar assures UK HC of full support to facilitate investments

Federal Finance Minister Senator Ishaq Dar on Saturday assured the government's full support to facilitate investments by British companies in Pakistan and new companies would be welcomed. He was talking to British High Commissioner Thomas Drew who called
Published 01 Jan, 2017 12:00am
Jamaat calls for appointment of NAB chief through judiciary

Jamaat calls for appointment of NAB chief through judiciary

Ameer of Jamaat-e-Islami (JI), Senator Siraj-ul-Haq has called for the appointment of chairman, National Accountability Bureau (NAB) through judiciary as rulers use to fight with each other and support each other in sucking the blood of poor and their har
Published 01 Jan, 2017 12:00am
PM's concern poor performance of CDA

PM's concern poor performance of CDA

Prime Minister of Pakistan Nawaz Sharif has taken notice of the poor performance of Capital Development Authority (CDA) on Saturday. He expressed concerns over uncleanliness in the capital city and pointed out the insufficient measures for cleanliness tak
Published 01 Jan, 2017 12:00am
Kashmiri leaders extends protest plan in IoK till January 15

Kashmiri leaders extends protest plan in IoK till January 15

The joint resistance leadership comprising the All Parties Hurriyet Conference Chairman, Syed Ali Gilani, and Hurriyet leaders, Mirwaiz Umar Farooq and Yasin Malik, has extended the ongoing protest programme for the right to self-determination till Januar
Published 01 Jan, 2017 12:00am
Pakistani Ambassador invites French investors

Pakistani Ambassador invites French investors

The stable economy, improved security situation and liberal investment regime in Pakistan offers many attractive investment opportunities for French businessmen and companies. This was stated by the Ambassador of Pakistan to France Moin ul Haque during hi
Published 01 Jan, 2017 12:00am
Pakistan to usher economic growth, democracy: Speaker NA

Pakistan to usher economic growth, democracy: Speaker NA

Speaker National Assembly Sardar Ayaz Sadiq expressed his hope on Saturday that the dawn of 2017 will usher Pakistan into a new year of sustained economic growth coupled with uplift of the common man and consolidation of democracy.
Published 01 Jan, 2017 12:00am
PPP workers back decision of joining NA

PPP workers back decision of joining NA

Pakistan Peoples Party Cultural Wing workers while backing the decision of PPP co-chairperson Asif Ali Zardari and chairman Bilawal Bhutto Zardari to join National Assembly has brought out a rally here on Saturday. A large number of workers have taken out
Published 01 Jan, 2017 12:00am
210 graduates receive degrees at 4th STMU convocation 2016

210 graduates receive degrees at 4th STMU convocation 2016

Degrees, gold medals and awards were conferred upon as many as 210 graduates in the 4th STMU Convocation held at the Jinnah Convention Center, Islamabad on Saturday. The ceremony was marked with deep appreciation from teachers, parents, and friends, high
Published 01 Jan, 2017 12:00am
Task force set up for jobs in sports goods industry

Task force set up for jobs in sports goods industry

International Labour Organisation (ILO), Employers Federation of Pakistan (EFP) and the Sialkot Chamber of Commerce & Industry (SCCI) jointly organised a meeting held on Saturday to launch the task force on the Project "More and Better Jobs in Sports Good
Published 01 Jan, 2017 12:00am
APBF urges SBP to review credit policies

APBF urges SBP to review credit policies

The All Pakistan Business Forum has urged the central bank to review its credit policies to facilitate the private sector, which remained very thin at Rs 18 billion against Rs 28 billion of last year despite the fact that the government was expecting a be
Published 01 Jan, 2017 12:00am
Loadshedding to be eliminated in 2017, Shahbaz predicts

Loadshedding to be eliminated in 2017, Shahbaz predicts

Punjab Chief Minister Muhammad Shahbaz Sharif has said that a number of power projects will start production in 2017 as a result of which load-shedding will be eliminated. Talking to parliamentarians belonging to different districts in Lahore, Shahbaz sai
Published 01 Jan, 2017 12:00am
PLDDB earns Rs 50 million profit in 2016

PLDDB earns Rs 50 million profit in 2016

The Punjab Livestock & Dairy Development Board (PLDDB) has earned a profit of Rs 50 million in the year 2016 besides launching various projects aimed at improving milk yield. According to a brief year report shared by the PLDDB spokesman, the organisation
Published 01 Jan, 2017 12:00am
Faisalabad mayor takes oath

Faisalabad mayor takes oath

Newly elected Chairman and Vice Chairmen of District Council, and Mayor and Deputy Mayors of Municipal Corporation Faisalabad took the oath of their offices here on Saturday. The two separate functions were held at Nusrat Fateh Ali Khan Auditorium Arts Co
Published 01 Jan, 2017 12:00am
Overall exports remained dismal in 2016: APTMA
Currency

Overall exports remained dismal in 2016: APTMA

All Pakistan Textile Mills Association (APTMA) Chairman Aamir Fayyaz said that the overall textile exports continued to present a dismal look for another year ending December 31, 2016. The industry has been rendered unviable by the high cost of doing busi
Published 01 Jan, 2017 12:00am
LDA seals 10 properties for violation of rules

LDA seals 10 properties for violation of rules

The recovery directorate of the Lahore Development Authority (LDA) sealed 10 residential properties on Saturday in different localities of the city on the charges of being used for commercial purposes without getting permission and depositing commercialis
Published 01 Jan, 2017 12:00am
Dacoits' gang busted in Lahore

Dacoits' gang busted in Lahore

Capital City Police Officer (CCPO) Lahore Amin Wains claimed on Saturday that the Crime Investigation Agency (CIA) had busted a 3-member gang involved in serious crimes in the city, especially in Defence, Cantt and other adjacent areas. The CCPO said this
Published 01 Jan, 2017 12:00am
LCCI felicitates FPCCI's newly-elected body

LCCI felicitates FPCCI's newly-elected body

The Lahore Chamber of Commerce and Industry (LCCI) on Saturday felicitated the newly-elected President Zubair Tufail, Senior Vice President Aamer Ata Bajwa and body members of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI).
Published 01 Jan, 2017 12:00am
US getting benefit from services of Pakistani doctors

US getting benefit from services of Pakistani doctors

Pakistan is the fourth biggest country which is providing doctors to the United States, president and chief executive officer of the Federation of State Medical Boards of United States Dr Humayun Javaid Chaudhry said. Dr Humayun Chaudhry, who is also the
Published 01 Jan, 2017 12:00am
Alarming rise in various kinds of crimes witnessed in Capital

Alarming rise in various kinds of crimes witnessed in Capital

An alarming rise in various kinds of crimes was witnessed in the federal capital last week, resulting in creating sense of insecurity amongst the city dwellers. According to crime statistics obtained by Business Recorder here on Saturday, various p
Published 01 Jan, 2017 12:00am
Three terrorists among 28 criminals gunned down

Three terrorists among 28 criminals gunned down

A total of 28 high profile criminals including three terrorists were gunned down while 95 were arrested in injured condition in exchanged of fire by the District Police Hyderabad during the year 2016. While presenting annual performance report of the Dist
Published 01 Jan, 2017 12:00am
ICCI congratulates UBG for landslide victory in FPCCI elections

ICCI congratulates UBG for landslide victory in FPCCI elections

Islamabad Chamber of Commerce and Industry (ICCI) on Saturday congratulated S M Munir Patron-in-Chief, Iftikhar Ali Malik, Chairman, and all members of United Business Group (UBG) for sweeping the elections of Federation of Pakistan Chambers of Commerce a
Published 01 Jan, 2017 12:00am
ECP suspends memberships of 22 parliamentarians

ECP suspends memberships of 22 parliamentarians

The Election Commission of Pakistan (ECP) Saturday released names of 22 members of the national and provincial assemblies whose membership has been suspended upon their failure to file annual asset statements for the year 2015-16. The only member of Natio
Published 01 Jan, 2017 12:00am
Promotion of literature, writers' welfare on 'top priority'

Promotion of literature, writers' welfare on 'top priority'

Adviser to Prime Minister for National history and literary heritage Irfan Siddiqui on Saturday said welfare of writers besides establishing of a scholarly society in the country is top priority of the government. "Our goal is to encourage creativity and
Published 01 Jan, 2017 12:00am
ECP to ensure free & fair elections

ECP to ensure free & fair elections

The Election Commission of Pakistan (ECP) has taken a number of steps to ensure free, fair and transparent elections in the country. According to official sources, Parliamentary Committee on Electoral Reforms has finalized the draft Election Act 2016. It
Published 01 Jan, 2017 12:00am
Business community felicitates UBG

Business community felicitates UBG

The business community of Southern Punjab has felicitated the United Business Group (UBG) on its landslide victory in FPCCI elections 2016-17 describing it an acknowledgement of its services for the cause of business community. President of Multan Chamber
Published 01 Jan, 2017 12:00am
Pakistan's struggle to overcome energy woes

Pakistan's struggle to overcome energy woes

With the inauguration of CHASNUP III, the third unit of Chashma Nuclear Power Plant in Mianwali district, the total nuclear technology based power generation has reached the mark of 1040 megawatt, still much below 8000 Megawatt, the target set by Pakistan
Published 01 Jan, 2017 12:00am
Prices of essential kitchen items show mixed trend

Prices of essential kitchen items show mixed trend

Prices of essential kitchen items witnessed a mixed trend during the past week as compared to the preceding week, reveals a survey carried out by Business Recorder here on Saturday. According to the survey, the price of tomatoes in the wholesale ma
Published 01 Jan, 2017 12:00am
Woman among three killed in violence

Woman among three killed in violence

A woman among three people died in separate incidents of violence here on Saturday. According to police, body of a woman was recovered in jurisdiction of Shabqadar police station jurisdiction in Ucchanwala stop, Charsadda. In Karkani Road area of Charsadd
Published 01 Jan, 2017 12:00am
Baghdad blasts kill 29 as Mosul fighting intensifies

Baghdad blasts kill 29 as Mosul fighting intensifies

Three bombs killed 29 people in Baghdad on Saturday as fighting intensified in the northern city of Mosul, where Iraqi government forces are trying to rout Islamic State militants from their last major stronghold in the country. Blasts, including one suic
Published 01 Jan, 2017 12:00am
After Asia, palm oil faces backlash in Africa

After Asia, palm oil faces backlash in Africa

Its lower cost has made it popular in commercial food production, but after being blamed for deforestation in Asia, palm oil plantations are now getting a similar rap in Africa. The sheer scale of land required is having an impact in Gabon, Cameroon and t
Published 01 Jan, 2017 12:00am
World diamond business roiled as cash crunch hits Indian stone cutting

World diamond business roiled as cash crunch hits Indian stone cutting

The global diamond industry is facing disruption that could stretch through the first few months of next year, including Valentine's Day in February, as a result of Indian Prime Minister Narendra Modi's radical move to abolish most of the nation's cash ov
Published 01 Jan, 2017 12:00am
Oil in 2017 seen capped below $60/barrel by strong dollar, US shale

Oil in 2017 seen capped below $60/barrel by strong dollar, US shale

Oil prices will gradually rise towards $60 per barrel by the end of 2017, a Reuters poll showed on Thursday, with further upside capped by a strong dollar, a likely recovery in US oil output and possible non-compliance by Opec with agreed cuts. Brent crud
Published 01 Jan, 2017 12:00am
Stampede to invest in lithium mines threatens price gains

Stampede to invest in lithium mines threatens price gains

A rush to invest in new and expanded mines for lithium, a key ingredient in batteries used in electric cars, means material will flood the market just as fresh demand kicks in, potentially curbing price gains. While demand for lithium batteries is due to
Published 01 Jan, 2017 12:00am
Cotton inches higher, marks best year since 2013
Cotton

Cotton inches higher, marks best year since 2013

ICE cotton futures edged higher on Friday, helped by robust weekly US export sales data amid a weaker dollar, and ended 2016 by marking their best year since 2013. "I think it (export sales data) caused some short covering. .. Shipments picked up, which p
Published 01 Jan, 2017 12:00am
Cuba sees 30 percent rise in sugar harvest in 2017

Cuba sees 30 percent rise in sugar harvest in 2017

Cuba sees its sugar industry as being the fastest-growing sector of the economy next year, expanding about 30 percent, Economy Minister Ricardo Cabrisas said in comments published on Wednesday. Cabrisas told the National Assembly on Tuesday that governmen
Published 01 Jan, 2017 12:00am
Zinc, nickel to spin wheels next year after sizzling rallies

Zinc, nickel to spin wheels next year after sizzling rallies

The average prices of zinc, tin and nickel, the three top-performing base metals this year after speculators piled into the market, are expected to hover around current levels in 2017, a Reuters poll showed. All three metals are due to have persistent mar
Published 01 Jan, 2017 12:00am
Millions of Cambodian farmers receive land titles under state plan

Millions of Cambodian farmers receive land titles under state plan

Cambodia is moving fast to provide millions of land titles to farmers in an effort to reduce conflicts over territory in the Southeast Asian nation, a senior government official said. About 770,000 Cambodians - more than five percent of the population - h
Published 01 Jan, 2017 12:00am
Goldman Sachs flips from copper super-bear to super-bull

Goldman Sachs flips from copper super-bear to super-bull

Wall Street heavyweight Goldman Sachs has been banging the bear drum on the copper price since the middle of last year. Its July 2015 research note was titled "Copper - lower for longer", which pretty much said it all. Copper, which was then trading in Lo
Published 01 Jan, 2017 12:00am
Victoria Beckham, Mark Rylance receive UK honours

Victoria Beckham, Mark Rylance receive UK honours

Ex-Spice Girl turned fashion designer Victoria Beckham and Oscar-winning actor Mark Rylance were among the public figures to receive Britain's traditional New Year Honours on Friday but two recipients turned theirs down. Beckham, who rose to fame in the 1
Published 01 Jan, 2017 12:00am
Putin says 2016 was 'difficult' but full of accomplishments

Putin says 2016 was 'difficult' but full of accomplishments

Russian President Vladimir Putin said Saturday that the year 2016 was "difficult" but congratulated his country on its accomplishments and on believing in itself. The past year "was difficult, but the difficulties we came across united us," Putin said in
Published 01 Jan, 2017 12:00am
Greek ambassador to Brazil murdered by wife's cop lover: police

Greek ambassador to Brazil murdered by wife's cop lover: police

Greece's ambassador to Brazil was murdered in a plot hatched by his Brazilian wife and her police officer lover, who confessed to the crime, officials said Friday. The envoy, Kyriakos Amiridis, 59, was killed on Monday by the officer, Sergio Gomez Moreira
Published 01 Jan, 2017 12:00am
Egypt begins handing over MS804 crash victims' remains

Egypt begins handing over MS804 crash victims' remains

Egyptian authorities on Saturday started handing the remains of those killed in the crash of EgyptAir flight 804 to their families, the airline said. The Airbus A320 had been flying from Paris to Cairo on May 19 when it crashed into the southeast Mediterr
Published 01 Jan, 2017 12:00am
Creator of Kinder Surprise dies

Creator of Kinder Surprise dies

William Salice, who helped create the hugely popular Kinder Surprise chocolate eggs for children, died in Italy on Thursday aged 83, his foundation said. Salice had been undergoing treatment for a stroke in a hospital in the northern Italian town of Pavia
Published 01 Jan, 2017 12:00am
Egypt court backs government in Red Sea islands dispute

Egypt court backs government in Red Sea islands dispute

An Egyptian appeals court on Saturday upheld an agreement to give control of two islands in the Red Sea to Saudi Arabia, providing a boost for the government in a case that has prompted rare street protests. The territorial deal, announced in April, cause
Published 01 Jan, 2017 12:00am
Elite Iraq units link up for Mosul assault

Elite Iraq units link up for Mosul assault

Two elite Iraqi units linked up in Mosul on Saturday and will form a joint front to advance westward against the Islamic State group, officers said. The Rapid Response Division reached the northern edge of Al-Intisar neighbourhood, while the Counter-Terro
Published 01 Jan, 2017 12:00am
Venezuela frees ex-presidential candidate, five other dissidents

Venezuela frees ex-presidential candidate, five other dissidents

Venezuelan President Nicolas Maduro on Saturday released six dissidents, among them former presidential candidate Manuel Rosales, who had been under house arrest for more than two months, opposition leaders said. "I have been freed, along with other polit
Published 01 Jan, 2017 12:00am
Japan eyes trilateral talks with China, South Korea in February

Japan eyes trilateral talks with China, South Korea in February

Japan has approached China and South Korea about holding a trilateral summit in Tokyo in February aimed at deepening cooperation on such issues as a free trade deal, the environment and counter-terrorism, Kyodo news agency reported on Saturday. Disagreeme
Published 01 Jan, 2017 12:00am
Iceland's 'crazy' year ends without a government

Iceland's 'crazy' year ends without a government

Iceland is ending an eventful year in a political quagmire, left without a government for two months after the Panama Papers scandal and a snap election reflecting deep divisions in the island nation. "In recent years we thought we were seeing the crazies
Published 01 Jan, 2017 12:00am
Merkel urges Germany to face down terror with cohesion, compassion

Merkel urges Germany to face down terror with cohesion, compassion

Chancellor Angela Merkel called on Germans Saturday to hold firm to democratic values in the face of jihadist terror, urging them to counter "murderers who are full of hate" with compassion and cohesion. In her New Year's address delivered less than two w
Published 01 Jan, 2017 12:00am
No space for Hong Kong independence, says China

No space for Hong Kong independence, says China

There is no space for Hong Kong independence in the "one country, two systems" agreement under which Beijing governs the former British colony, but there can be tolerance for differences in their systems, a senior Chinese official said. Chinese leaders ar
Published 01 Jan, 2017 12:00am
Saudi Arabia executed 153 in 2016

Saudi Arabia executed 153 in 2016

Saudi Arabia carried out 153 executions in 2016, according to an AFP tally based on official announcements, slightly down from the year before. The ultra-conservative kingdom is one of the world's most prolific executioners and has a strict Islamic legal
Published 01 Jan, 2017 12:00am
Taiwan won't cave to Beijing threats, says president

Taiwan won't cave to Beijing threats, says president

Taiwan will not bend to pressure despite China returning to its "old ways" of intimidation, President Tsai Ing-wen said Saturday, following Beijing's protests over her call to US President-elect Donald Trump. China has stepped up military drills near Taiw
Published 01 Jan, 2017 12:00am
WSJ says Turkey detains reporter for three days

WSJ says Turkey detains reporter for three days

Turkey detained a staff journalist for The Wall Street Journal for almost three days without access to a lawyer, the newspaper reported Saturday, adding to growing concerns over press freedom in the country. Dion Nissenbaum was taken into custody on Tuesd
Published 01 Jan, 2017 12:00am
US says Islamic State chief alive, still leading

US says Islamic State chief alive, still leading

The Pentagon said Friday it believes that Islamic State chief Abu Bakr al-Baghdadi is indeed alive, despite repeated efforts by the US-led coalition to take out the jihadist group leader. Baghdadi has kept a low profile, despite having declared himself th
Published 01 Jan, 2017 12:00am
Polish plane's emergency landing after bomb threat

Polish plane's emergency landing after bomb threat

A Boeing 707 operated by a Polish charter airline on Friday made an emergency landing in Prague after a bomb threat by a passenger who was then detained by police, Czech officials said. "A man who threatened to detonate a booby trap... is in the hands of
Published 01 Jan, 2017 12:00am
Iranian airliner returns to airport after engine failure

Iranian airliner returns to airport after engine failure

An Iranian passenger plane was forced to return to Tehran's Mehrabad airport on Saturday after one of its two engines failed, Tasnim news agency reported on Saturday, adding that all passengers were safe. Taban Airlines' public relations manager was quote
Published 01 Jan, 2017 12:00am
South Koreans rally to demand 'Park-free' 2017

South Koreans rally to demand 'Park-free' 2017

More than half a million South Koreans marked New Year's Eve with a massive protest Saturday calling for the immediate arrest and ouster of impeached President Park Geun-Hye. Candle-carrying and banner-waving protestors marched towards key buildings in Se
Published 01 Jan, 2017 12:00am
New hitches hold up DR Congo crisis deal

New hitches hold up DR Congo crisis deal

Fresh problems held up efforts by the Catholic Church to forge a deal on Saturday for ending the political crisis in Democratic Republic of Congo (DRC). "The agreement is ready, but this morning all the groups came with new demands for details to be inclu
Published 01 Jan, 2017 12:00am
First Beatles manager Allan Williams dies

First Beatles manager Allan Williams dies

Allan Williams, the first manager of The Beatles who drove the band on their formative trip to Hamburg in 1960, has died at the age of 86, his old club announced. The Jacaranda Club in Liverpool, northwest England, posted the news late Friday on its Faceb
Published 01 Jan, 2017 12:00am
Williamson, Broom sweep series for New Zealand

Williamson, Broom sweep series for New Zealand

Fill-in batsman Neil Broom and skipper Kane Williamson produced a match-winning 179-run stand for New Zealand to crush Bangladesh in their final one-day match in Nelson on Saturday. Williamson was left unbeaten on 95 while Broom fell just before the close
Published 01 Jan, 2017 12:00am
Shot put queen Adams now Dame Valerie

Shot put queen Adams now Dame Valerie

Shot put queen Valerie Adams received one of New Zealand's highest awards on Saturday, being made a dame in the New Year honours list. The four-time World champion, double Olympic gold medallist and one of New Zealand's most popular sports stars, has been
Published 01 Jan, 2017 12:00am
Nadal wins fourth UAE title

Nadal wins fourth UAE title

Rafael Nadal ended an injury-plagued 2016 on a high by lifting the Mubadala World Tennis Championship title for a fourth time on Saturday. The 30-year-old Spaniard defeated 11th-ranked Belgian David Goffin 6-4, 7-6 (7/5) after world number one Andy Murray
Published 01 Jan, 2017 12:00am
Arise 'Sir Andy', 'Sir Mo' as Murray, Farah knighted

Arise 'Sir Andy', 'Sir Mo' as Murray, Farah knighted

Wimbledon champion Andy Murray and Olympic gold medallist Mo Farah will each receive a knighthood in the New Year Honours. Murray's knighthood caps a dream season for the Scot, who finished as the year-end world number one for the first time after ending
Published 01 Jan, 2017 12:00am
India halts funding of NOC

India halts funding of NOC

The Indian Olympic Association's (IOA) move to honour two controversial administrators has infuriated the government with the sports ministry cutting off funding and the use of other facilities extended to the body. The IOA named its former presidents Sur
Published 01 Jan, 2017 12:00am
Cricket great Imtiaz Ahmed dies at 88

Cricket great Imtiaz Ahmed dies at 88

Former Test cricketer Imtiaz Ahmed, a member of Pakistan's first-ever Test team, died in a Lahore hospital on Saturday due to protracted illness. He was 88 years old. His Namaz-e-Janaza was offered in Lahore which was attended by people hailing from diffe
Published 01 Jan, 2017 12:00am
ZTBL, Pebble Breakers in final of Suzuki Vitara Polo

ZTBL, Pebble Breakers in final of Suzuki Vitara Polo

ZTBL and Pebble Breakers fashioned thrilling victories to qualify for the Suzuki Vitara Polo Cup 2016 main final here at the Lahore Polo Club (LPC) ground on Friday. In the first match of the day match, ZTBL played well against Army Colts and defeated the
Published 01 Jan, 2017 12:00am
Pakistan to sue India over bilateral Test deal

Pakistan to sue India over bilateral Test deal

Pakistan cricket chiefs have said they will sue India for failing to honour a 2014 deal to play a bilateral Test series. The Pakistan Cricket Board and the Board of Control for Cricket in India signed an agreement under which the South Asian rivals were d
Published 01 Jan, 2017 12:00am
Chelsea extend lead at the top, United leave it late

Chelsea extend lead at the top, United leave it late

Chelsea were given a stiff examination by Stoke City at Stamford Bridge on Saturday before extending their lead at the top of the Premier League to nine points ahead of the late game between Liverpool and Manchester City. Willian scored twice as a spirite
Published 01 Jan, 2017 12:00am
My heart wasn't in it anymore, says Ivanovic

My heart wasn't in it anymore, says Ivanovic

Former women's tennis world number one Ana Ivanovic admitted Saturday she retired this week because she felt both physically and mentally unfit to carry on after years of battling injuries. The 29-year-old Serbian - whose sole Grand Slam success came in t
Published 01 Jan, 2017 12:00am
Diverging central banks will power dollar in 2017
Currency

Diverging central banks will power dollar in 2017

Donald Trump is promising more US government spending. The coming year will also most likely see tightening Federal Reserve policy, too. That contrasts with continued weak growth and loose monetary conditions in the euro zone and Japan. This divergence be
Published 01 Jan, 2017 12:00am
Growth expected to help CEE currencies shake off Trump shock
Currency

Growth expected to help CEE currencies shake off Trump shock

Central Europe's economic growth is expected to strengthen its currencies next year, led by the zloty and the Czech crown, after they reached multi-month lows in November, according to a November 28-December 1 Reuters poll of 45 analysts. At around 3 perc
Published 01 Jan, 2017 12:00am
Speculators raise net long dollar bets
Currency

Speculators raise net long dollar bets

Speculators raised net long bets on the US dollar to $24.17 billion this week, increasing their positions from $22.45 billion last week, according to data from the Commodity Futures Trading Commission and calculations by Reuters. Net long bets on the doll
Published 01 Jan, 2017 12:00am
Norway raises crown purchases to NOK 1 billion per day
Currency

Norway raises crown purchases to NOK 1 billion per day

Norway's central bank will increase its daily sale of foreign currency in January, it said on Friday. The bank will sell foreign exchange equivalent to 1.0 billion Norwegian crowns per day, an increase from a level of 900 million crowns per day since Febr
Published 01 Jan, 2017 12:00am
Dollar posts 2016 gain against basket of major currencies
Currency

Dollar posts 2016 gain against basket of major currencies

The US dollar slipped on Friday but notched its fourth straight year of gains against a basket of major currencies. The dollar index, which measures the greenback against a basket of six major rivals, gained about 3.7 percent for the year. The index rose
Published 01 Jan, 2017 12:00am
US dollar share of global currency reserves slips in Q3
Currency

US dollar share of global currency reserves slips in Q3

The US dollar's share of currency reserves reported to the International Monetary Fund slipped in the third quarter of 2016 to its lowest level in two years, data from the IMF showed on Friday. The July-September period was the third consecutive decline i
Published 01 Jan, 2017 12:00am
Canadian dollar strengthens, logs overall 2016 gain
Currency

Canadian dollar strengthens, logs overall 2016 gain

The Canadian dollar strengthened against a weaker greenback on Friday in thin pre-holiday market trading, and capped off an overall gain for 2016. The loonie saw an annual gain for the first time since 2012, firming nearly 3 percent for this year. The dol
Published 01 Jan, 2017 12:00am
Wall Street ends solid 2016 on dour note

Wall Street ends solid 2016 on dour note

US stocks slumped on the last trading day of the year on Friday, led down by Apple and other big tech stocks, but major indexes still posted solid gains in 2016. In subdued holiday trading, the S&P 500 declined for a third consecutive session. But the ben
Published 01 Jan, 2017 12:00am
US fund investors cheer stocks at year's end

US fund investors cheer stocks at year's end

Investors' enthusiasm for equities and corporate bonds showed little sign of waning during the latest week, with funds in both categories scooping up more money, data from the Investment Company Institute showed on Wednesday. Stock mutual funds and exchan
Published 01 Jan, 2017 12:00am
US fund investors cheer stocks at year's end

US fund investors cheer stocks at year's end

Investors' enthusiasm for equities and corporate bonds showed little sign of waning during the latest week, with funds in both categories scooping up more money, data from the Investment Company Institute showed on Wednesday. Stock mutual funds and exchan
Published 01 Jan, 2017 12:00am
China to reopen 10-year bond issue on Wednesday

China to reopen 10-year bond issue on Wednesday

China's Ministry of Finance said on Tuesday it will reopen an issue of 10-year bonds, when it auctions an additional 20 billion yuan ($2.88 billion) of paper on January 4. The bonds will be issued from January 4 to 5, and begin secondary market trading on
Published 01 Jan, 2017 12:00am
China to reopen 10-year bond issue on Wednesday

China to reopen 10-year bond issue on Wednesday

China's Ministry of Finance said on Tuesday it will reopen an issue of 10-year bonds, when it auctions an additional 20 billion yuan ($2.88 billion) of paper on January 4. The bonds will be issued from January 4 to 5, and begin secondary market trading on
Published 01 Jan, 2017 12:00am
Japanese stocks to rise in 2017

Japanese stocks to rise in 2017

Japan's Nikkei is set to end slightly lower this year but rise in 2017 as expectations US President-elect Donald Trump's policies will ratchet up interest rates buoyed the dollar against the yen, giving Japan Inc's earnings a boost, a Reuters poll found.
Published 01 Jan, 2017 12:00am
India's NSE files for IPO, discloses potential trading violations

India's NSE files for IPO, discloses potential trading violations

India's National Stock Exchange said an independent agency had found potential instances that some brokers were given unfair access to its servers, as the country's largest bourse applied for its long-awaited initial public offering on Wednesday. The NSE
Published 01 Jan, 2017 12:00am
Tepco, investors discuss first bond sale since Fukushima

Tepco, investors discuss first bond sale since Fukushima

Tokyo Electric Power (Tepco) is gauging demand for its first bond offering since the 2011 Fukushima nuclear calamity, with some market participants expecting a sale as early as February, people familiar with the plans said. Once-sceptical investors are no
Published 01 Jan, 2017 12:00am
Treasury yields slip for third straight day

Treasury yields slip for third straight day

US Treasury debt yields closed lower on Friday in a shortened session, falling for the third straight day to end a weak fourth quarter with a modest consolidation and round out a year of surprises. Treasury bonds were the worst performing fixed-income ass
Published 01 Jan, 2017 12:00am
Treasury yields slip for third straight day

Treasury yields slip for third straight day

US Treasury debt yields closed lower on Friday in a shortened session, falling for the third straight day to end a weak fourth quarter with a modest consolidation and round out a year of surprises. Treasury bonds were the worst performing fixed-income ass
Published 01 Jan, 2017 12:00am
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