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Archive - 2017-01-02
Rugby-Varndell equals try-scoring record
Sports

Rugby-Varndell equals try-scoring record

LONDON: Former England winger Tom Varndell equalled Mark Cueto's English Premiership career try-scoring record when he dotted down his 90th score during Bristol's victory at Sale on Sunday.
Published 02 Jan, 2017 06:36pm
CM reviews Karachi package
General News

CM reviews Karachi package

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that the pace of development works of Rs10 billion Karachi Package needs to be speed up because in the next financial year he is going to give another Rs 10 billion development package for the cit
Published 02 Jan, 2017 04:05pm
Afridi reveals biggest regret of his career
Cricket

Afridi reveals biggest regret of his career

Pakistans star all-rounder Shahid Afridi has enjoyed one of the longest and eventful careers in international cricket, having seen everything from the highs of becoming World T20 champions back in 2009 to lows of being discarded by the current cricket man
Published 02 Jan, 2017 12:30pm
Imran should learn from his 4 years' politics: Ahsan
Front Top News

Imran should learn from his 4 years' politics: Ahsan

ISLAMABAD: Minister for Planning and Development, Ahsan Iqbal on Monday said that the Pakistan Tehreek-i-Insaaf (PTI) Chief Imran Khan should learn from his past four years' politics.
Published 02 Jan, 2017 12:26pm
Sino-isation of farming sector
Miscellaneous

Sino-isation of farming sector

Continuing this columns recent discussion on the need to attract FDI in unconventional sectors, todays piece would focus on the agriculture sector at large.
Published 02 Jan, 2017 12:03pm
The regulator's crisis
Miscellaneous

The regulator's crisis

The announcement of changing the way the power sector regulator works as well its reporting hierarchy has made headlines recently.
Published 02 Jan, 2017 12:01pm
Why has Chinese company distanced itself from PSM?
Front Top News

Why has Chinese company distanced itself from PSM?

%D%AMUSHTAQ GHUMMAN%D%AISLAMABAD: Expressing concerns on massive electricity bills of PSM, Economic Coordination Committee (ECC) of the Cabinet has sought details of terms and conditions of employees from Privatisation Division, official sources told Busi
Published 02 Jan, 2017 10:33am
Baghdad suicide car bomb blast kills 17
Middle East

Baghdad suicide car bomb blast kills 17

BAGHDAD: A suicide car bomb attack in a densely-populated neighbourhood of Baghdad Monday killed at least 17 people and left dozens wounded, police and hospital officials said.
Published 02 Jan, 2017 10:21am
Crude oil theft inflicts massive loss to exchequer
Top News

Crude oil theft inflicts massive loss to exchequer

%D%ANAVEED BUTT%D%AISLAMABAD: The national exchequer is facing billions of rupee loss due to theft of crude oil through illegal extraction from the main oil transmission line, use of water bowzers and through connivance with public officials.
Published 02 Jan, 2017 10:18am
Imran hits back at Hashmi after 2014 sit-in tirade
Pakistan Top News

Imran hits back at Hashmi after 2014 sit-in tirade

%D%AMONITORING DESK%D%AKARACHI: The latest barb by Makhdoom Javed Hashmi has evoked instant response from Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan, who said on Sunday that the former was an insane person.
Published 02 Jan, 2017 10:08am
Pakistan Stock Exchange ends year at highest level
Top News

Pakistan Stock Exchange ends year at highest level

%D%ARECORDER REVIEW %D%A%D%AKARACHI: Pakistan Stock Exchange (PSX) witnessed positive trend during the outgoing week ended December 30, 2016 and the benchmark KSE-100 index increased by 1117.
Published 02 Jan, 2017 09:58am
Zardari leaves Pakistan for 'medical check-up'
Pakistan Top News

Zardari leaves Pakistan for 'medical check-up'

%D%ANAWABSHAH: Pakistan People's Party (PPP) co-chairman and former president of Pakistan Asif Ali Zardari on Sunday left for abroad for what his party said a "medical check-up".
Published 02 Jan, 2017 09:43am
KE private share holders' plea
Industries & Sectors

KE private share holders' plea

KARACHI: The private share holders of K-Electric (KE) have demanded of the present management of the company to take them into confidence in respect of any act of sale or transfer of majority shares to any foreign investor.
Published 02 Jan, 2017 09:03am
Russian diplomats expelled from US arrive in Moscow
Front Top News

Russian diplomats expelled from US arrive in Moscow

MOSCOW: A plane carrying 35 diplomats expelled from the United States over Russia's alleged meddling in the US presidential election arrived in Moscow early Monday, Russian state television reported.
Published 02 Jan, 2017 08:51am
Australian PM honors team Pakistan
Cricket

Australian PM honors team Pakistan

An honorary lunch was held by the Australian Prime Minister Malcolm Turnbull held for the Pakistan and Australia cricket teams on New Years Day at his residence in Sydney.
Published 02 Jan, 2017 08:32am
West Indies to visit Pakistan, but on conditions
Cricket

West Indies to visit Pakistan, but on conditions

In a major cricket breakthrough for Pakistan the West Indies Cricket Board (WICB) has given the green signal to play two Twenty20 Internationals here in March, this year once Pakistan could guarantee adequate security.
Published 02 Jan, 2017 08:02am
Indian court orders dismissal of BCCI chief
Cricket

Indian court orders dismissal of BCCI chief

NEW DELHI: ndia's Supreme Court ordered the dismissal Monday of the president of the country's powerful cricket board over the failure to enact a series of recommended reforms.
Published 02 Jan, 2017 07:53am
Gunman kills 39 in Istanbul nightclub

Gunman kills 39 in Istanbul nightclub

A gunman opened fire on New Year revellers at a packed nightclub on the shores of Istanbul's Bosphorus waterway on Sunday killing at least 39 people, including many foreigners, then fled the scene. Some people jumped into the Bosphorus to save themselves
Published 02 Jan, 2017 12:00am
Gunman kills 39 in Istanbul nightclub

Gunman kills 39 in Istanbul nightclub

A gunman opened fire on New Year revellers at a packed nightclub on the shores of Istanbul's Bosphorus waterway on Sunday killing at least 39 people, including many foreigners, then fled the scene. Some people jumped into the Bosphorus to save themselves
Published 02 Jan, 2017 12:00am
Twitter chief for China quits, hails its performance

Twitter chief for China quits, hails its performance

Twitter's manager for China, whose appointment just eight months ago sparked controversy, has announced her resignation but welcomed the growing number of Chinese advertisers even though the service is blocked by Beijing. Kathy Chen, appointed in April as
Published 02 Jan, 2017 12:00am
Twitter chief for China quits, hails its performance

Twitter chief for China quits, hails its performance

Twitter's manager for China, whose appointment just eight months ago sparked controversy, has announced her resignation but welcomed the growing number of Chinese advertisers even though the service is blocked by Beijing. Kathy Chen, appointed in April as
Published 02 Jan, 2017 12:00am
Twitter chief for China quits, hails its performance

Twitter chief for China quits, hails its performance

Twitter''s manager for China, whose appointment just eight months ago sparked controversy, has announced her resignation but welcomed the growing number of Chinese advertisers even though the service is blocked by Beijing. Kathy Chen, appointed in April a
Published 02 Jan, 2017 12:00am
PSX ends year at highest level

PSX ends year at highest level

Pakistan Stock Exchange (PSX) witnessed positive trend during the outgoing week ended December 30, 2016 and the benchmark KSE-100 index increased by 1117.24 points to close at the highest ever level of 47,806.97 points.
Published 02 Jan, 2017 12:00am
PSX ends year at highest level

PSX ends year at highest level

Pakistan Stock Exchange (PSX) witnessed positive trend during the outgoing week ended December 30, 2016 and the benchmark KSE-100 index increased by 1117.24 points to close at the highest ever level of 47,806.97 points.
Published 02 Jan, 2017 12:00am
PSX ends year at highest level

PSX ends year at highest level

Pakistan Stock Exchange (PSX) witnessed positive trend during the outgoing week ended December 30, 2016 and the benchmark KSE-100 index increased by 1117.24 points to close at the highest ever level of 47,806.97 points.
Published 02 Jan, 2017 12:00am
Transmission line plan overcomes MoF hurdle

Transmission line plan overcomes MoF hurdle

Economic Co-ordination Committee (ECC) of the Cabinet has reportedly set aside the objections of Finance Ministry on the award of 660 KV HVDC( 4000 MW) Matiari-Lahore transmission line contract amounting to $1.5 billion to a Chinese company without techni
Published 02 Jan, 2017 12:00am
Transmission line plan overcomes MoF hurdle

Transmission line plan overcomes MoF hurdle

Economic Co-ordination Committee (ECC) of the Cabinet has reportedly set aside the objections of Finance Ministry on the award of 660 KV HVDC( 4000 MW) Matiari-Lahore transmission line contract amounting to $1.5 billion to a Chinese company without techni
Published 02 Jan, 2017 12:00am
Transmission line plan overcomes MoF hurdle

Transmission line plan overcomes MoF hurdle

Economic Co-ordination Committee (ECC) of the Cabinet has reportedly set aside the objections of Finance Ministry on the award of 660 KV HVDC( 4000 MW) Matiari-Lahore transmission line contract amounting to $1.5 billion to a Chinese company without techni
Published 02 Jan, 2017 12:00am
Transmission line plan overcomes MoF hurdle

Transmission line plan overcomes MoF hurdle

Economic Co-ordination Committee (ECC) of the Cabinet has reportedly set aside the objections of Finance Ministry on the award of 660 KV HVDC( 4000 MW) Matiari-Lahore transmission line contract amounting to $1.5 billion to a Chinese company without techni
Published 02 Jan, 2017 12:00am
Zardari leaves country for 'medical check-up'

Zardari leaves country for 'medical check-up'

Pakistan Peoples Party (PPP) co-chairman and former president Asif Ali Zardari on Sunday left for abroad for what his party said a "medical check-up". Earlier, Asif Ali Zardari visited the shrine of Lal Shahbaz Qalandar and prayed for the prosperity of Si
Published 02 Jan, 2017 12:00am
Zardari leaves country for 'medical check-up'

Zardari leaves country for 'medical check-up'

Pakistan Peoples Party (PPP) co-chairman and former president Asif Ali Zardari on Sunday left for abroad for what his party said a "medical check-up". Earlier, Asif Ali Zardari visited the shrine of Lal Shahbaz Qalandar and prayed for the prosperity of Si
Published 02 Jan, 2017 12:00am
Exchequer facing massive loss due to theft of crude oil

Exchequer facing massive loss due to theft of crude oil

The national exchequer is facing billions of rupee loss due to theft of crude oil through illegal extraction from the main oil transmission line, use of water bowzers and through connivance with public officials.
Published 02 Jan, 2017 12:00am
Exchequer facing massive loss due to theft of crude oil

Exchequer facing massive loss due to theft of crude oil

The national exchequer is facing billions of rupee loss due to theft of crude oil through illegal extraction from the main oil transmission line, use of water bowzers and through connivance with public officials.
Published 02 Jan, 2017 12:00am
Exchequer facing massive loss due to theft of crude oil

Exchequer facing massive loss due to theft of crude oil

The national exchequer is facing billions of rupee loss due to theft of crude oil through illegal extraction from the main oil transmission line, use of water bowzers and through connivance with public officials.
Published 02 Jan, 2017 12:00am
Imran, Hashmi exchange barbs

Imran, Hashmi exchange barbs

The latest barb by Makhdoom Javed Hashmi has evoked instant response from PTI Chairman Imran Khan who said on Sunday that the former was an insane person. "What response can I give to Hashmi's lies?" he commented.
Published 02 Jan, 2017 12:00am
Imran, Hashmi exchange barbs

Imran, Hashmi exchange barbs

The latest barb by Makhdoom Javed Hashmi has evoked instant response from PTI Chairman Imran Khan who said on Sunday that the former was an insane person. "What response can I give to Hashmi's lies?" he commented.
Published 02 Jan, 2017 12:00am
Indonesian tourist boat blaze kills 23

Indonesian tourist boat blaze kills 23

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 02 Jan, 2017 12:00am
Burundi minister shot dead in capital

Burundi minister shot dead in capital

A gunman killed Burundi's environment and water minister early on Sunday, police said, the first senior government figure to be murdered in nearly two years of political violence. Emmanuel Niyonkuru, 54, was attacked as he travelled home in the capital Bu
Published 02 Jan, 2017 12:00am
Queen Elizabeth misses church again due to heavy cold

Queen Elizabeth misses church again due to heavy cold

Britain's Queen Elizabeth missed a New Year's Day church service on Sunday due to a heavy cold, Buckingham Palace said, a week after the 90-year-old monarch missed a Christmas Day service for the first time in decades.
Published 02 Jan, 2017 12:00am
Egypt arrests senior judge amid corruption probe

Egypt arrests senior judge amid corruption probe

Egyptian authorities on Sunday arrested a senior judge as they press a rare investigation into corruption at a top court, judicial sources said. Wael Shalabi, secretary general of the council of state, an administrative court, was arrested at dawn and tak
Published 02 Jan, 2017 12:00am
Egypt arrests senior judge amid corruption probe

Egypt arrests senior judge amid corruption probe

Egyptian authorities on Sunday arrested a senior judge as they press a rare investigation into corruption at a top court, judicial sources said. Wael Shalabi, secretary general of the council of state, an administrative court, was arrested at dawn and tak
Published 02 Jan, 2017 12:00am
Euro architect Christophersen dies
Currency

Euro architect Christophersen dies

Henning Christophersen, one of the architects of the euro, died on Saturday, just a day before the 15th anniversary of the introduction of the single currency. He was 77. The Danish politician served as the country's foreign minister and finance minister
Published 02 Jan, 2017 12:00am
Euro architect Christophersen dies
Currency

Euro architect Christophersen dies

Henning Christophersen, one of the architects of the euro, died on Saturday, just a day before the 15th anniversary of the introduction of the single currency. He was 77. The Danish politician served as the country's foreign minister and finance minister
Published 02 Jan, 2017 12:00am
Why has Chinese co distanced itself from Steel Mills?

Why has Chinese co distanced itself from Steel Mills?

Expressing concerns on massive electricity bills of PSM, Economic Co-ordination Committee (ECC) of the Cabinet has sought details of terms and conditions of employees from Privatisation Division, official sources told Business Recorder.
Published 02 Jan, 2017 12:00am
Why has Chinese co distanced itself from Steel Mills?

Why has Chinese co distanced itself from Steel Mills?

Expressing concerns on massive electricity bills of PSM, Economic Co-ordination Committee (ECC) of the Cabinet has sought details of terms and conditions of employees from Privatisation Division, official sources told Business Recorder.
Published 02 Jan, 2017 12:00am
Why has Chinese co distanced itself from Steel Mills?

Why has Chinese co distanced itself from Steel Mills?

Expressing concerns on massive electricity bills of PSM, Economic Co-ordination Committee (ECC) of the Cabinet has sought details of terms and conditions of employees from Privatisation Division, official sources told Business Recorder.
Published 02 Jan, 2017 12:00am
Turkmenistan halts gas flow to Iran in arrears row

Turkmenistan halts gas flow to Iran in arrears row

Turkmenistan halted gas supplies to Iran Sunday amid tensions between the two countries over arrears, the Iranian National Gas Company was quoted by oil ministry news agency Shana as saying.
Published 02 Jan, 2017 12:00am
Turkmenistan halts gas flow to Iran in arrears row

Turkmenistan halts gas flow to Iran in arrears row

Turkmenistan halted gas supplies to Iran Sunday amid tensions between the two countries over arrears, the Iranian National Gas Company was quoted by oil ministry news agency Shana as saying.
Published 02 Jan, 2017 12:00am
Turkmenistan halts gas flow to Iran in arrears row

Turkmenistan halts gas flow to Iran in arrears row

Turkmenistan halted gas supplies to Iran Sunday amid tensions between the two countries over arrears, the Iranian National Gas Company was quoted by oil ministry news agency Shana as saying.
Published 02 Jan, 2017 12:00am
FBR cuts ST on POL products

FBR cuts ST on POL products

The Federal Board of Revenue (FBR) has reduced sales tax on different petroleum products from January 1, 2017 including high speed diesel oil, kerosene and light diesel oil. According to an SRO.1180(I)/2016 issued by the FBR, sales tax on motor spirit rem
Published 02 Jan, 2017 12:00am
FBR cuts ST on POL products

FBR cuts ST on POL products

The Federal Board of Revenue (FBR) has reduced sales tax on different petroleum products from January 1, 2017 including high speed diesel oil, kerosene and light diesel oil. According to an SRO.1180(I)/2016 issued by the FBR, sales tax on motor spirit rem
Published 02 Jan, 2017 12:00am
FBR cuts ST on POL products

FBR cuts ST on POL products

The Federal Board of Revenue (FBR) has reduced sales tax on different petroleum products from January 1, 2017 including high speed diesel oil, kerosene and light diesel oil. According to an SRO.1180(I)/2016 issued by the FBR, sales tax on motor spirit rem
Published 02 Jan, 2017 12:00am
One-window refund system can be introduced: FBR

One-window refund system can be introduced: FBR

The Federal Board of Revenue (FBR) can introduce a simple one-window system for obtaining refunds by those persons, who are not liable to file returns, but paying higher rates of withholding tax being treated as 'non-filers'.
Published 02 Jan, 2017 12:00am
One-window refund system can be introduced: FBR

One-window refund system can be introduced: FBR

The Federal Board of Revenue (FBR) can introduce a simple one-window system for obtaining refunds by those persons, who are not liable to file returns, but paying higher rates of withholding tax being treated as 'non-filers'.
Published 02 Jan, 2017 12:00am
One-window refund system can be introduced: FBR

One-window refund system can be introduced: FBR

The Federal Board of Revenue (FBR) can introduce a simple one-window system for obtaining refunds by those persons, who are not liable to file returns, but paying higher rates of withholding tax being treated as ''non-filers''.
Published 02 Jan, 2017 12:00am
Plane with expelled diplomats leaves US

Plane with expelled diplomats leaves US

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 02 Jan, 2017 12:00am
Plane with expelled diplomats leaves US

Plane with expelled diplomats leaves US

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 02 Jan, 2017 12:00am
Pakistan condemns Istanbul attack

Pakistan condemns Istanbul attack

Pakistan on Sunday strongly condemned the terrorist attack at a nightclub in Istanbul and expressed deep anguish at the tragedy.
Published 02 Jan, 2017 12:00am
Babar welcomes Imran's decision to field candidates against PPP

Babar welcomes Imran's decision to field candidates against PPP

The Pakistan People's Party welcomed the announcement made by Imran Khan that the Pakistan Tehreek-e-Insaf (PTI) will field candidates against PPPP President Asif Ali Zardari in Nawabshah and PPP Chairman Bilawal Bhutto Zardari in Larkana whether in by-el
Published 02 Jan, 2017 12:00am
Two terrorists killed, weapons recovered

Two terrorists killed, weapons recovered

Two suspected terrorists were killed and 15 others, including two women, arrested in eight raids by Sindh Police's Special Security Unit (SSU) in collaboration with other law enforcement agencies (LEAs), said a SSU spokesman, in a statement, here on Sunda
Published 02 Jan, 2017 12:00am
Raheel Sharif arrives in Saudi Arabia

Raheel Sharif arrives in Saudi Arabia

Former chief of army staff General Raheel Sharif arrived in Saudi Arabia where he will perform Umra. He also offered Nawafil in Masjid Nabavi and prayed for progress and prosperity of the country. He is also expected to meet King Salman of Saudi Arabia an
Published 02 Jan, 2017 12:00am
US 2016's top export destination, China top import source

US 2016's top export destination, China top import source

The United States of America remained the top export destination of the Pakistani products during the fiscal year 2015-16 while China was the top import destination from where goods were traded into the country.
Published 02 Jan, 2017 12:00am
CM KP greets Press Club election winners

CM KP greets Press Club election winners

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has felicitated the newly elected cabinet of Peshawar Press Club (PPC). The Chief Minister in his message has congratulated the newly elected President of Peshawar Press Club Alamgir, General Secretary, Sah
Published 02 Jan, 2017 12:00am
TCKP, PR arrange safari train excursion to Attock Khurd

TCKP, PR arrange safari train excursion to Attock Khurd

Tourism Corporation Khyber Pakhtunkhwa (TCKP) organised an inimitable day long safari train excursion from Peshawar Cantt to Attock Khurd and the adjacent historical sites in collaboration with Pakistan Railways (PR) on eve of the New Year.
Published 02 Jan, 2017 12:00am
PPP senator says Punjab government harassing party's workers

PPP senator says Punjab government harassing party's workers

Pakistan People's Party Senator Saeed Ghani strongly condemned victimisation of former federal Minister Samina Khalid Gurkhi by Punjab Government. In a statement issued by PPP Media Office Islamabad, Senator Saeed Ghani said, "Punjab Government has starte
Published 02 Jan, 2017 12:00am
Iran hands over 78 deportees to Levies

Iran hands over 78 deportees to Levies

The Iranian security forces handed over 78 deported Pakistani nationals to Levies force at Pak-Iran border in Taftan area of Chaghi district. Levies sources said on Sunday that these Pakistani nationals were apprehended from different parts of Iran by the
Published 02 Jan, 2017 12:00am
LDA completed a number of projects in 2016

LDA completed a number of projects in 2016

Besides executing more than half of the civil work of Pakistan's first ever mass transit project, the Lahore Orange Line Metro Train, Lahore Development Authority completed a number of other projects for the benefits of the people during 2016.
Published 02 Jan, 2017 12:00am
Accusation of smear campaign against top judiciary

Accusation of smear campaign against top judiciary

Federal Minister for Water and Power, Khawaja Muhammad Asif said that certain notorious elements known to be maligning others have started a smear campaign against the highest judicial office of the country.
Published 02 Jan, 2017 12:00am
Prices of essential items remain unchanged

Prices of essential items remain unchanged

Prices of essential food commodities have remained unchanged as no significant increase or change was witnessed during the preceding week as compared to previous week, according to survey conducted by Business Recorder here on Sunday. 1-kilogram go
Published 02 Jan, 2017 12:00am
Nawaz, Zardari on the same page, says Shujaat

Nawaz, Zardari on the same page, says Shujaat

Pakistan Muslim League (PML-Q) president, Chaudhry Shujaat Hussain said on Sunday that there was no need for reconciliation between Prime Minister Nawaz Sharif and former President Asif Ali Zardari because both were already on the same page.
Published 02 Jan, 2017 12:00am
UK takes up issue of pellet guns' use in IHK

UK takes up issue of pellet guns' use in IHK

The British government has taken up the issue of using pellet guns in Kashmir with India. Baroness Anelay of St John's, the Foreign and Commonwealth Office (FCO) stated this while responding to a number of written questions submitted by member House of Lo
Published 02 Jan, 2017 12:00am
Iraq forces retook over 60 percent of east Mosul: commander

Iraq forces retook over 60 percent of east Mosul: commander

Iraqi forces have retaken more than 60 percent of eastern Mosul from the Islamic State group since the battle for the city began in mid-October, a top commander said Sunday. "From east Mosul... more than 60 percent" has been recaptured from IS, Staff Lieu
Published 02 Jan, 2017 12:00am
Smog in northern China shuts highways, causes cancelled flights

Smog in northern China shuts highways, causes cancelled flights

Heavy smog in northern China on Sunday caused hundreds of flights to be cancelled and highways to shut, disrupting the first day of the New Year holiday. Large parts of the north were hit by hazardous smog in mid-December, leading authorities to order hun
Published 02 Jan, 2017 12:00am
Syria clashes test fragile truce

Syria clashes test fragile truce

Fighting in parts of Syria on Sunday threatened a shaky cease-fire brokered by Russia and Turkey, whose efforts to kick-start talks towards ending the conflict won backing from world powers. The nation-wide truce between the regime and non-jihadist rebels
Published 02 Jan, 2017 12:00am
Legendary cartoon artist Tyrus Wong dies

Legendary cartoon artist Tyrus Wong dies

Legendary animation artist Tyrus Wong, whose evocative sketches were used to create Disney's groundbreaking "Bambi" cartoon, has died at the age of 106, the company said. "Tyrus Wong had a gift for evoking incredible feeling in his art with simple, gestur
Published 02 Jan, 2017 12:00am
North Korea's Kim says close to test launch of ICBM

North Korea's Kim says close to test launch of ICBM

North Korean leader Kim Jong Un said on Sunday that the isolated nuclear capable country was close to test-launching an intercontinental ballistic missile (ICBM). North Korea tested ballistic missiles at an unprecedented rate during 2016, although some ex
Published 02 Jan, 2017 12:00am
Italian debt costs fall amid country's banking crisis

Italian debt costs fall amid country's banking crisis

Italian borrowing costs fell at the final bond auction of the year on Thursday in a sign of resilient investor appetite for the country's debt as the government prepares to rescue ailing bank Monte dei Paschi di Siena and other weak lenders.
Published 02 Jan, 2017 12:00am
Canada stocks seen adding to rally in 2017

Canada stocks seen adding to rally in 2017

Canada's main stock index is expected to extend this year's hefty gains in 2017, a Reuters poll found, although stock market strategists said they are concerned about the outcome of the US election and potential threats to global trade. The Toronto S&P/TS
Published 02 Jan, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.70-78.70 (previous 78.70-78.70).
Published 02 Jan, 2017 12:00am
US acting as global policeman for financial crimes

US acting as global policeman for financial crimes

Handing out multibillion-dollar fines right and left to domestic and foreign financial giants, the United States has taken on the role of the unforgiving global cop of the business world.
Published 02 Jan, 2017 12:00am
Saudi index rises, Oman hit by higher telecommunications tax

Saudi index rises, Oman hit by higher telecommunications tax

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 02 Jan, 2017 12:00am
Trump-fuelled dollar rally set to continue
Currency

Trump-fuelled dollar rally set to continue

The US dollar rally is likely to continue into the coming year on expectations that President-elect Donald Trump's proposed reflationary economic policies will force the Federal Reserve to raise interest rates more quickly, according to a Reuters poll.
Published 02 Jan, 2017 12:00am
China manufacturing growth slows

China manufacturing growth slows

Manufacturing activity in China slowed slightly in December, official figures showed Sunday, as the world's second largest economy stabilises. The official purchasing managers' index (PMI), which gauges conditions at factories and mines, came in at 51.4 i
Published 02 Jan, 2017 12:00am
Central bank adviser calls for flexible 2017 growth target

Central bank adviser calls for flexible 2017 growth target

The Chinese government should set a more flexible target for economic growth this year to give more space for reform efforts, a central bank adviser told the official Xinhua news agency in comments published on Sunday.
Published 02 Jan, 2017 12:00am
French car market hits five-year high

French car market hits five-year high

Sales of new cars in France rose 5.1 percent last year, breaching the symbolic threshold of two million vehicles for the first time since 2011, the French automakers' association CCFA said Sunday.
Published 02 Jan, 2017 12:00am
Argentina set to increase telecoms competition

Argentina set to increase telecoms competition

Argentina will loosen regulations in the telecommunications sector in a bid to increase competition among providers and modernise the country's internet service, a government source with knowledge of the situation told Reuters on Friday.
Published 02 Jan, 2017 12:00am
Rwanda's economic growth slows

Rwanda's economic growth slows

Rwanda's economy grew by 5.2 percent in the third quarter of last year, down from 5.4 percent in the second quarter and 5.9 percent in the same period in 2015, according to data published by the statistics office. The central African nation has posted soa
Published 02 Jan, 2017 12:00am
Deutsche Bank chairman rules out European merger

Deutsche Bank chairman rules out European merger

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. The bank, Germany's biggest, last week ann
Published 02 Jan, 2017 12:00am
Spanish economy may have beaten 3.2 percent goal in 2016

Spanish economy may have beaten 3.2 percent goal in 2016

Spain's economic growth may have exceeded the 3.2 percent pace officially projected by the government for 2016, Economy Minister Luis de Guindos said in a radio interview on Sunday. De Guindos also said Spain would be looking to maintain its net debt issu
Published 02 Jan, 2017 12:00am
Israeli banks to begin reporting on foreigners' accounts

Israeli banks to begin reporting on foreigners' accounts

Israeli financial institutions will have to start sending details of foreigners' bank accounts to the authorities by the end of 2017, as part of a global push to boost tax collection, the Finance Ministry said on Sunday.
Published 02 Jan, 2017 12:00am
Libya's oil production rises to 685,000 barrels per day

Libya's oil production rises to 685,000 barrels per day

Libya was producing 685,000 barrels of oil per day (bpd) on Sunday, up from around 600,000 a day last month, an official from the National Oil Corporation (NOC) said. Output has risen after a two-year blockade was lifted two weeks ago on major pipelines l
Published 02 Jan, 2017 12:00am
Swiss favour close EU ties over immigration curbs

Swiss favour close EU ties over immigration curbs

Swiss voters would rather maintain close economic ties with the European Union than adopt immigration curbs that could jeopardise Switzerland's access to the EU single market, a survey published on Sunday showed.
Published 02 Jan, 2017 12:00am
Tanzania's president sacks head of power firm over tariff hike

Tanzania's president sacks head of power firm over tariff hike

Tanzanian President John Magufuli sacked the head of the state-run electricity company on Sunday after the firm put up tariffs, a move the president said would stymie his plans to industrialise the east African country.
Published 02 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 immortalised in the Woody Allen movie "Broadway Danny Rose."
Published 02 Jan, 2017 12:00am
Australia double up on spin as Misbah ponders

Australia double up on spin as Misbah ponders

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. Steve Smith's Australians wrapped up the three-match series with a Test to
Published 02 Jan, 2017 12:00am
Ponting joins Australia's interim coaching team

Ponting joins Australia's interim coaching team

Former captain Ricky Ponting has become the third ex-international to take on an interim coaching role with the Australian Twenty20 team next month. Ponting will join fellow assistant Jason Gillespie and Justin Langer (head coach) for the Twenty20 series
Published 02 Jan, 2017 12:00am
USA thrash Czechs in Hopman Cup opener

USA thrash Czechs in Hopman Cup opener

The United States opened their Hopman Cup campaign in style with a 3-0 win over the Czech Republic in Perth on Sunday. The American pair of Jack Sock and Coco Vandeweghe won both their singles matches to clinch the tie, and then made it a clean sweep with
Published 02 Jan, 2017 12:00am
Giroud's scorpion stunner stings Palace

Giroud's scorpion stunner stings Palace

Olivier Giroud stole the show as the Arsenal striker's outrageous "scorpion kick" stung Crystal Palace and inspired his side's 2-0 win at the Emirates Stadium on Sunday.
Published 02 Jan, 2017 12:00am
ZTBL win Suzuki Vitara Polo Cup 2016

ZTBL win Suzuki Vitara Polo Cup 2016

ZTBL clinched the Suzuki Vitara Polo Cup 2016 trophy after trouncing Pebble Breakers by 81/2-3 in the final played here at the Lahore Polo Club (LPC) ground on Sunday.
Published 02 Jan, 2017 12:00am
European broadcaster believes in Olympic gold

European broadcaster believes in Olympic gold

The cost of Olympic television rights may look hair-raising but Eurosport is confident it will get back the 1.3 billion euros ($1.4 billion) it laid out to get European rights, according to its chief executive.
Published 02 Jan, 2017 12:00am
IOC refuses to lift Kuwait sports ban

IOC refuses to lift Kuwait sports ban

The International Olympic Committee (IOC) has rejected a call by the Kuwaiti government to temporarily lift a 14-month sports ban while the Gulf State amends a controversial law. World sports bodies led by the IOC and football governing body FIFA suspende
Published 02 Jan, 2017 12:00am
Djokovic still the biggest rival, says Murray

Djokovic still the biggest rival, says Murray

World number one Andy Murray insisted Sunday that Novak Djokovic will remain his biggest threat in 2017, as the pair prepare for a potential first clash of the season in Doha this week. Newly-knighted Murray, speaking ahead of the first round of the Qatar
Published 02 Jan, 2017 12:00am
Nomura sees opportunities from Trump's pro-business agenda

Nomura sees opportunities from Trump's pro-business agenda

Nomura Holdings Inc sees opportunities in the pro-business stance of US president-elect Donald Trump, though his protectionist tilt brings uncertainty to the global economy, said the chief of Japan's biggest brokerage and investment bank.
Published 02 Jan, 2017 12:00am
Battle lines forming for Tata legal showdown

Battle lines forming for Tata legal showdown

As India's biggest corporate showdown heads from the boardroom to the courtroom and brings in a Who's Who of the country's legal profession, ousted Tata Sons chairman Cyrus Mistry vows a multi-layered battle for governance reforms at the $100 billion cong
Published 02 Jan, 2017 12:00am
Oman raises telecom firms' royalty payments in revenue push

Oman raises telecom firms' royalty payments in revenue push

Oman's telecommunications companies will pay a royalty to the government of 12 percent of revenues in 2017, the country's Capital Market Authority said in a bourse statement on Thursday, citing a letter from the Telecommunication Regulatory Authority.
Published 02 Jan, 2017 12:00am
L'Oreal steps up investments in digital start-ups

L'Oreal steps up investments in digital start-ups

French cosmetics giant L'Oreal said on Tuesday it was investing in an early stage fund managed by private equity firm Partech Ventures, making its second investment in digital and technology start-ups in less than a year.
Published 02 Jan, 2017 12:00am
Amazon calls 2016 holiday season its best ever

Amazon calls 2016 holiday season its best ever

Amazon.com Inc said it shipped more than 1 billion items world-wide this holiday season, which the top online retailer called its best ever, and its shares rose 1.6 percent in afternoon trade.
Published 02 Jan, 2017 12:00am
Corporate makeovers drive corporate takeovers in 2016 M&A bonanza

Corporate makeovers drive corporate takeovers in 2016 M&A bonanza

A telecommunications carrier seeks to become a TV network and movie studio owner. A major software company acquires one of the world's largest social networks. A smartphone maker snaps up a manufacturer of internet-connected audio speakers for cars. In 20
Published 02 Jan, 2017 12:00am
Emirates receives first Rolls-Royce powered A380 engine

Emirates receives first Rolls-Royce powered A380 engine

Emirates, the world's biggest long-haul airline, has taken delivery of its first Rolls-Royce engine-powered Airbus A380 superjumbo and has resolved its dispute with the engine maker over a technical issue. The A380 jet arrived in Dubai on Thursday morning
Published 02 Jan, 2017 12:00am
Abu Dhabi bourse to introduce short-selling in first quarter 2017: CEO

Abu Dhabi bourse to introduce short-selling in first quarter 2017: CEO

Abu Dhabi's stock market plans to introduce covered short-selling in the first quarter of 2017, its chief executive said on Monday, as it seeks to boost liquidity and attract more foreign investors. In covered short-selling, investors borrow shares and se
Published 02 Jan, 2017 12:00am
Twitter unveils 360-degree live video

Twitter unveils 360-degree live video

Twitter on Wednesday began streaming 360-degree video, allowing users to interact and get behind the scenes of live broadcasts. "Starting today, you can check out live, interactive 360 videos from interesting broadcasters and explore what's happening with
Published 02 Jan, 2017 12:00am
'Samsung Elec likely to procure phone batteries from LG Chem'

'Samsung Elec likely to procure phone batteries from LG Chem'

Samsung Electronics Co Ltd is in talks with LG Chem Ltd to make it one of its smartphone battery suppliers, the Chosun Ilbo newspaper said on Monday - a move that would diversify its supplier base after the failure of its Galaxy Note 7. Samsung Electronic
Published 02 Jan, 2017 12:00am
Avoid dull snapshots: tips for taking stunning pictures

Avoid dull snapshots: tips for taking stunning pictures

Smartphone cameras have seen dramatic improvements, but technology alone won't produce shots that grab attention. That's where the human eye comes in. Here are eight tips to keep in mind when composing that shot, whether of family during the holidays or s
Published 02 Jan, 2017 12:00am
Fighting Haiti's cholera outbreak requires more funds: UN

Fighting Haiti's cholera outbreak requires more funds: UN

The cholera outbreak that hit Haiti after Hurricane Matthew slammed the island has been contained but persists due to lack of funding, according to the United Nations. An epidemic of the waterborne disease - which spread after a massive earthquake shook t
Published 02 Jan, 2017 12:00am
Brain wave: using sound to diagnose concussion

Brain wave: using sound to diagnose concussion

From blows to the head on the sports field, to car crashes and playground falls, concussion is a common brain injury notoriously difficult to diagnose - until now, researchers said on Thursday. A US-based team unveiled a fast, portable and reliable test m
Published 02 Jan, 2017 12:00am
Drinking water crisis hits Indian Ocean island

Drinking water crisis hits Indian Ocean island

The Indian Ocean island of Mayotte has been forced to impose severe water restrictions on tens of thousands of people due to the late arrival of seasonal rains.
Published 02 Jan, 2017 12:00am
Web-based therapy relieves insomnia

Web-based therapy relieves insomnia

Web-based therapy for insomnia is an effective option that could reach "previously unimaginable numbers of people," researchers suggest. Although cognitive behaviour therapy for insomnia (CBT-I) is the first-line treatment for adults with chronic insomnia
Published 02 Jan, 2017 12:00am
Stopping Ebola in its tracks: which vaccine will do it?

Stopping Ebola in its tracks: which vaccine will do it?

Forty years after emerging in what is today the Democratic Republic of Congo, the Ebola virus may finally have met its match in a vaccine which could be "up to 100 percent effective", according to its makers.
Published 02 Jan, 2017 12:00am
Weight loss surgery tied to lasting digestive issues

Weight loss surgery tied to lasting digestive issues

A common weight loss surgery is associated with long-term gastrointestinal problems and food intolerance, a recent study suggests. Researchers examined data on 249 extremely obese patients who had what's known as laparoscopic Roux-en-Y gastric bypass, whi
Published 02 Jan, 2017 12:00am
Famous artworks showed early signs of disease: study

Famous artworks showed early signs of disease: study

Brushstrokes in paintings could help early diagnosis of neurodegenerative diseases, according to a study published on Thursday of works by famous sufferers such as Salvador Dali and Willem De Kooning.
Published 02 Jan, 2017 12:00am
Over 300 Kashmiris killed in 2016

Over 300 Kashmiris killed in 2016

In Occupied Kashmir, Indian troops in their unabated acts of state terrorism martyred over three hundred innocent Kashmiris during the year 2016. According to Kashmir Media Service, 39 of those martyred were killed in custody. The killings by the troops r
Published 02 Jan, 2017 12:00am
Seven projects to be completed under CPEC in KP: Khattak

Seven projects to be completed under CPEC in KP: Khattak

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has said that seven projects will be completed in the province under China Pakistan Economic Corridor. Talking to newsmen in Nowshera the other day, he said the projects include laying of double rail track
Published 02 Jan, 2017 12:00am
AD Khawaja back from 'forced leave' on January 3

AD Khawaja back from 'forced leave' on January 3

Sindh Inspector General (IG) Allah Dino Khawaja's forced leave is due to end on January 2. According to details, he will be resuming his duties from January 3. A D Khawaja was sent on forced leave on December 19 after which the responsibilities of Sindh I
Published 02 Jan, 2017 12:00am
KP PPP to mark Bhutto's 88th birth anniversary

KP PPP to mark Bhutto's 88th birth anniversary

Khyber Pakhtunkhwa chapter of PPP has decided to celebrate the birthday anniversary of the founding chairman Shaheed Zulfikar Ali Bhutto in befitting manner across the province. The decision was taken in a meeting held here at Provincial Secretariat with
Published 02 Jan, 2017 12:00am
Insurance Ombudsman's jurisdiction, functions defined by SECP

Insurance Ombudsman's jurisdiction, functions defined by SECP

The Securities and Exchange Commission of Pakistan (SECP) has clearly defined jurisdiction, functions and powers of Insurance Ombudsman, who would be empowered to investigate matters pertaining to the insurance companies under draft Insurance Bill 2016.
Published 02 Jan, 2017 12:00am
Insurance Ombudsman's jurisdiction, functions defined by SECP

Insurance Ombudsman's jurisdiction, functions defined by SECP

The Securities and Exchange Commission of Pakistan (SECP) has clearly defined jurisdiction, functions and powers of Insurance Ombudsman, who would be empowered to investigate matters pertaining to the insurance companies under draft Insurance Bill 2016.
Published 02 Jan, 2017 12:00am
Peshawar landmine blast kills member of levies

Peshawar landmine blast kills member of levies

A levies personnel was killed in a landmine explosion in Malik Banda area of Mamool in Bajaur Agency on Sunday. According to the political administration, the incident took place in Maik Banda area of Mamool in Bajaur Agency where a roadside explosion kil
Published 02 Jan, 2017 12:00am
SECP's achievements in 2016 highlighted

SECP's achievements in 2016 highlighted

At the start of the new year, the SECP chairman, Zafar-ul-Haq Hijazi, has outlined the SECP's achievements of the outgoing year, saying that 2016 was an year of great achievements for the organisation because of the advancement of capital market and devel
Published 02 Jan, 2017 12:00am
Bilawal greets Press Club's newly-elected office-bearers

Bilawal greets Press Club's newly-elected office-bearers

Chairman Pakistan People's Party Bilawal Bhutto Zardari on Sunday extended felicitations to the newly-elected office-bearers of Karachi Press Club and hailed the members of Pakistan's oldest press club for upholding democratic transitions and commitment t
Published 02 Jan, 2017 12:00am
Chandio greets newly-elected KPC office-bearers

Chandio greets newly-elected KPC office-bearers

Chandio has congratulated all newly elected office bearers of Karachi, Larkana and Sukkur Press Clubs and said in a statement issued here that the newly elected office-bearers of these press clubs would follow the ethics of transparent journalism and woul
Published 02 Jan, 2017 12:00am
China's Xi says won't let anyone make 'fuss' about its territory

China's Xi says won't let anyone make 'fuss' about its territory

China will never allow anyone to "make a great fuss" about its territorial sovereignty and maritime rights, President Xi Jinping said in his New Year's address, while China's top official in charge of Taiwan ties warned of risk ahead in 2017.
Published 02 Jan, 2017 12:00am
Gambia leader accuses West African bloc of declaring war

Gambia leader accuses West African bloc of declaring war

Gambian leader Yahya Jammeh accused West African regional body ECOWAS of declaring war, after it said it was putting forces on alert in case he refused to step down at the end of his mandate this month. Jammeh, who has vowed to stay in power despite losin
Published 02 Jan, 2017 12:00am
Trump leaves open possible Taiwan meet, questions Russia Hacking

Trump leaves open possible Taiwan meet, questions Russia Hacking

US President-elect Donald Trump on Saturday left open the possibility of meeting with Taiwan's president if she visits the United States after he is sworn in on January 20 and also expressed continued skepticism over whether Russia was responsible for com
Published 02 Jan, 2017 12:00am
Actor William Christopher, "M*A*S*H" chaplain, dies

Actor William Christopher, "M*A*S*H" chaplain, dies

William Christopher, who played the unassuming US Army chaplain, Father Mulcahy, struggling to bring spiritual comfort to an anarchic surgical unit during the Korean War on the long-running hit TV series "MAS*H," died on Saturday. He was 84.
Published 02 Jan, 2017 12:00am
Heavy police watch keeps Cologne calm on New Year's Eve

Heavy police watch keeps Cologne calm on New Year's Eve

Police in the German city of Cologne said Sunday a heavy security presence on New Year's Eve prevented a repeat of last year's mass sexual assaults, while denying accusations of racial profiling.
Published 02 Jan, 2017 12:00am
New UN chief aims to make 2017 'a year for peace'

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

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 02 Jan, 2017 12:00am
May calls for unity in 2017 after divisive Brexit vote

May calls for unity in 2017 after divisive Brexit vote

British Prime Minister Theresa May pledged in a New Year message on Sunday to seek a Brexit deal that would work for all Britons, not just those who voted to leave the European Union in a referendum she said had laid bare the nation's divisions.
Published 02 Jan, 2017 12:00am
Legislation on benami transactions

Legislation on benami transactions

The Senate Standing Committee on Finance was finally able to approve on 29th December Benami Transactions (Prohibition) Bill, 2016 aimed against holding property in benami transactions with some minor amendments and award for whistleblowers. The approval
Published 02 Jan, 2017 12:00am
NSG membership Wrangling

NSG membership Wrangling

That the blatantly discriminatory draft proposal prepared by former NSG chairman Rafael Mariano Grossi for Nuclear Suppliers Group (NSG) membership - for which India and Pakistan applied at about the same time-is inspired purely by political consideration
Published 02 Jan, 2017 12:00am
Economic performance!

Economic performance!

Foreign economists/analysts have long been regarded as much more credible compared to their domestic counterparts and while tall claims of formulating in-house domestic economic policies by finance ministers, economists or non-economists, past and present
Published 02 Jan, 2017 12:00am
The talent aristocracy

The talent aristocracy

Old aristocracies that ruled the world for 5000 years are dead or dying. King Farouk of Egypt, a serial playboy, lamented in 1952 "soon only 5 kings will be left in the world - the kings of Spades, Hearts, Diamonds, Clubs and the king of England". The Ari
Published 02 Jan, 2017 12:00am
Energy and water issues: no sign of conservation - II

Energy and water issues: no sign of conservation - II

Another serious water shortage issue covers even drinking water shortages for Karachi (and soon for Gwadar as demands grow). Karachi needs alternative water source for 20 million plus inhabitants and present Indus river source is too precarious! We need a
Published 02 Jan, 2017 12:00am
Siraj says Muslim bloc should abandon UN

Siraj says Muslim bloc should abandon UN

Chief of Jamaat-e-Islami (JI) Pakistan Senator Sirajul Haq has urged the Muslim bloc to abandon the so-called United Nations if the latter can not take any decision in the interest of 1.2 billion Muslims around the world. He also called for establishment
Published 02 Jan, 2017 12:00am
Two terrorists held in Peshawar

Two terrorists held in Peshawar

Police have claimed that they have thwarted a major terror bid by arresting two terrorists belonging to the banned organisation and recovered huge cache of arms and ammunition from their possessions from Wahid Garhi area of Peshawar on Sunday. According t
Published 02 Jan, 2017 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 26 to 30, 2016).

Published 02 Jan, 2017 12:00am
The Weather

The Weather

The weather report on Sunday (December 25, 2016) and the forecast for Monday (December 26, 2016).

Published 02 Jan, 2017 12:00am