News Archives for Latest - 2017-01-03

General News

Working group of scientists to be formed for promotion of science, technology

ISLAMABAD: Minister for Planning, Development and Reforms Ahsan Iqbal on Tuesday emphasized upon forming of a working group consisting of top scientists to advise government to foster development of science and technology in the country.

Published 03 Jan, 2017 06:46pm

General News

Dar urges PC to complete ongoing privatization transactions

ISLAMABAD: Finance Minister, Senator Muhammad Ishaq Dar Tuesday urged Privatization Commission (PC) to undertake all necessary measures to complete the ongoing privatization transactions timely in accordance with processes defined in the Privatization Com

Published 03 Jan, 2017 06:45pm

Pakistan Top News

National security being used for political point: Interior Ministry

ISLAMABAD: A spokesperson of the Interior Ministry Tuesday said it was quite unfortunate that a national security issue had been used merely for political point scoring without any substantive grounds and ignoring on-ground facts.

Published 03 Jan, 2017 06:42pm

General News

PTI should wait for SC's verdict on Panama Papers: Tariq

ISLAMABAD: Minister of State for Capital Administration and Development Division (CADD) Dr Tariq Fazal Chaudhry Tuesday said Pakistan Tehreek-i-Insaf (PTI) should wait for Supreme Court's verdict on Panama Papers as the case was sub judice.

Published 03 Jan, 2017 06:35pm

World Top News

'PSL final will be held in Lahore', says Najam Sethi

LAHORE: Chairman, Pakistan Cricket Board's Executive Committee, Najam Sathi said on Tuesday that the final of the Pakistan Super League will be held in Lahore as government is fully supporting PCB for this event.

Published 03 Jan, 2017 06:34pm

Front Top News

CPEC projects to change country's destiny, says Shehbaz

LAHORE: Chief Minister Punjab Muhammad Shehbaz Sharif has said speedy completion of China-Pakistan Economic Corridor (CPEC) projects is priority of the government and these projects will change the destiny of the country and the nation.

Published 03 Jan, 2017 06:27pm

General News

CM seeks WB cooperation to rehabilitate non-functional water schemes

LAHORE: Chief Minister Punjab Muhammad Shehbaz Sharif has said the provincial government is committed to provide clean drinking water to the masses and mega Saaf Pani project has been launched in this regard.

Published 03 Jan, 2017 06:20pm

Pakistan Top News

Highly bullish trend continues in Pakistan Stock Exchange

KARACHI: The highly bullish trend continued in the Pakistan Stock Exchange (PSX) on Tuesday, as KSE-100 Index gained another 587.27 points and closed at the new highest level of 48827.55 points. %D%A

Published 03 Jan, 2017 06:19pm

Financial

Sterling hits 2-month low against rallying dollar

LONDON: Sterling hit a two-month low against a dollar that soared to its highest levels in 14 years against a basket of currencies on Tuesday, the first day of London trading in 2017.

Published 03 Jan, 2017 06:07pm

Financial

European shares rally as FTSE starts 2017 by setting record high

LONDON: Strength in financials and commodity-related stocks continued to underpin European equity markets on Tuesday, with Britain's blue-chip index starting the new year at a record high and other major indexes hitting fresh peaks.

Published 03 Jan, 2017 06:05pm

Energy

Oil turns negative on strong dollar after hitting 18-mth highs

NEW YORK: Oil prices turned negative after earlier hitting 18-month highs on Tuesday, the first trading day of 2017, as the U.

Published 03 Jan, 2017 05:59pm

North America

Pentagon says it can protect U.S., allies from N. Korean missile threats

WASHINGTON: The U.

Published 03 Jan, 2017 05:59pm

Middle East

Iraqi PM says Kurds exporting more oil than allocated

BAGHDAD: Iraq Prime Minister Haider al-Abadi said the autonomous Kurdish region was exporting more than its allocated share of oil as the country seeks to comply with an OPEC output cut.

Published 03 Jan, 2017 05:58pm

World

ECB lending guidelines could drive riskier LBOs underground

LONDON: Proposed leveraged lending guidelines from the European Central Bank could force riskier lending into unregulated channels and create unintended opportunities for arbitrage as well as breed market distortion.

Published 03 Jan, 2017 05:57pm

Energy

Europe Gasoline/Naphtha-Gasoline margins jump as crude prices dive

LONDON: European gasoline margins rose sharply above $10 a barrel on Tuesday as ICE Brent crude futures sank by over 2 percent on a strong dollar.

Published 03 Jan, 2017 05:55pm

Commodities

EU wheat hits five-week high as strong US market supports

PARIS: European wheat hit a five-week high on Tuesday, supported by a strong US market and a weaker euro against the dollar, making it more competitive on world markets.

Published 03 Jan, 2017 05:53pm

North America

Trump assails GM over car production in Mexico, threatens tax

DETROIT/WASHINGTON: President-elect Donald Trump on Tuesday threatened to impose a "big border tax" on General Motors Co for making some of its Chevrolet Cruze compact cars in Mexico, an arrangement the largest U.

Published 03 Jan, 2017 05:48pm

Sports

Tennis: Tsonga through after second set scare in Doha

DOHA: France's Jo-Wilfried Tsonga won through to the second round of the Qatar Open on Tuesday, but only after seeing off a determined fightback from Russia's Andrey Kuznetsov.

Published 03 Jan, 2017 05:42pm

Europe

Britain's EU ambassador quits before Brexit trigger

LONDON: Britain's ambassador to the European Union resigned on Tuesday, adding uncertainty to the Brexit process less than three months before the UK is due to trigger its departure negotiations.

Published 03 Jan, 2017 05:37pm

Sports

Tennis: Nadal storms into Brisbane second round

BRISBANE: Former world number one Rafael Nadal enjoyed an ideal start to his first Brisbane International Tuesday, storming into the second round with a straight sets win over Ukrainian Alexandr Dolgopolov.

Published 03 Jan, 2017 05:33pm

Industry

Ford cancels Mexico plant, will boost US output

WASHINGTON: Ford announced Tuesday it is canceling plans to build a $1.

Published 03 Jan, 2017 05:31pm

Pakistan Top News

Imran Khan misleading nation by twisting facts: PML-N leaders

ISLAMABAD: Leaders of Pakistan Muslim League (PML-N) Tuesday reiterated that Prime Minister Muhammad Nawaz Sharif's name was not mentioned in Panama Papers adding that Pakistan Tehreek-e-Insaf Chief Imran Khan was misleading the nation by twisting fac

Published 03 Jan, 2017 04:42pm

North America

Trump slams 'tax free' import of Chevy car from Mexico

WASHINGTON: President-elect Donald Trump on Tuesday slammed General Motors for selling some Mexican-made cars in the US on the same day he picked a Reagan-era protectionist as his trade envoy.

Published 03 Jan, 2017 04:33pm

Arts

Violence in Pakistan drops significantly in 2016: report

ISLAMABAD: Deaths linked to violence in Pakistan decreased significantly in 2016, dropping 45 percent compared with the previous year, a report released Tuesday said.

Published 03 Jan, 2017 04:33pm

Financial

US stocks open 2017 on a positive note

NEW YORK: Wall Street began 2017 on an optimistic note, posting solid gains early Tuesday, amid apparent rising optimism over the incoming Trump administration.

Published 03 Jan, 2017 04:32pm

Sports

Tsonga through after second set scare in Doha

DOHA: France's Jo-Wilfried Tsonga won through to the second round of the Qatar Open on Tuesday, but only after seeing off a determined fightback from Russia's Andrey Kuznetsov.

Published 03 Jan, 2017 04:28pm

Sports

Nadal storms into Brisbane second round

BRISBANE: Former world number one Rafael Nadal enjoyed an ideal start to his first Brisbane International Tuesday, storming into the second round with a straight sets win over Ukrainian Alexandr Dolgopolov.

Published 03 Jan, 2017 04:26pm

Front Top News

Pakistan is Asia's top capital market: Khaleej Times

ISLAMABAD: Pakistani equities were up 45 per cent in 2016, the best performing emerging market in Asia.

Published 03 Jan, 2017 03:41pm

World Top News

Pakistan considers Bahrain a close friend, trusted partner: PM

ISLAMABAD: Commander of the National Guard of Bahrain and brother of the King of Bahrain, Lt Gen Sheikh Mohamed Bin Isa Bin Salman Al-Khalifa called on Prime Minister Muhammad Nawaz Sharif here at the PM House on Tuesday.

Published 03 Jan, 2017 03:40pm

Pakistan

Raza Rabbani lauds reports of Electoral Reforms committee

ISLAMABAD: Chairman Senate Mian Raza Rabbani Tuesday appreciated first two reports of the Parliamentary Committee on Electoral Reforms and stressed a need for filling gaps in election procedures.

Published 03 Jan, 2017 03:36pm

Pakistan Top News

PTI has complete trust in SC: Imran Khan

ISLAMABAD: Pakistan Tehreek Insaf (PTI) Chief Imran Khan Tuesday expressed full trust in the Supreme Court's bench which would start hearing of Panama paper case from Wednesday.

Published 03 Jan, 2017 03:06pm

Cricket

Sourav Ganguly could be next BCCI chief

After the removal of Anurag Thakur as chief of the Board of Cricket Control in India (BCCI), amid a verdict by the Supreme Court of India; former India skipper Sourav Ganguly has emerged as the front-runner to take over the post of BCCI president.

Published 03 Jan, 2017 03:02pm

Pakistan

Sindh CM orders recalling all doctors working as project directors

KARACHI: Sindh Chief Minister Syed Murad Ali Shah Tuesday directed the Sindh Health Department to recall all the doctors working as project directors at different projects.

Published 03 Jan, 2017 03:00pm

World Top News

South Korea calls Trump's tweet 'clear warning' to North

SEOUL: South Korea said Tuesday that US president-elect Donald Trump had sent a "clear warning" to North Korea with a tweet dismissing Pyongyang's ballistic missile claims.

Published 03 Jan, 2017 12:46pm

Asia

Hundreds of Afghans protest at IS killings

HERAT: Around 2,000 Shia Muslims in western Afghanistan staged a protest Tuesday against growing sectarian attacks by Islamic State, as the government warned that the group had expanded its foothold into 11 provinces.

Published 03 Jan, 2017 12:43pm

Europe

Turkey detains two foreigners at Istanbul airport over nightclub attack: report

ISTANBUL: Turkish authorities on Tuesday detained two foreign nationals at Istanbul's main airport suspected of links to the attack on a nightclub claimed by Islamic State jihadists that left 39 dead, the Dogan news agency said.

Published 03 Jan, 2017 12:37pm

Miscellaneous

CPI tamed and in control

The CPI tamed down once again to subside the fears of immediate inflationary pressure.

Published 03 Jan, 2017 11:58am

Miscellaneous

Rethinking, not demonizing imports

The declining exports in Pakistan have been the focus of many conversations lately and for good reason.

Published 03 Jan, 2017 11:56am

Miscellaneous

Innovation: thinking beyond economics

Innovation has not been the hot topic for Pakistani economists; monetary, fiscal and energy affairs have kept them busy since time immemorial.

Published 03 Jan, 2017 11:55am

Miscellaneous

Food processing industry: Thriving yet largely unregulated

Growing consumerism, urbanization, and the middle class in the country have been key drivers for the food processing industry.

Published 03 Jan, 2017 11:54am

General News

Chinese President wishes President Mamnoon 'happy birthday'

ISLAMABAD: Chinese President Xi Jinping has sent a greeting message to President Mamnoon Hussain on his birthday.

Published 03 Jan, 2017 11:25am

Front Top News

Maryam is actual owner of London flats, claims Imran

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan held a press conference on Tuesday to brief the media over additional documents submitted by the party as fresh evidence in the Supreme Court today.

Published 03 Jan, 2017 11:23am

Pakistan Top News

PM reviews foreign policy, future roadmap for regional stability

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Tuesday reviewed the country's foreign policy viz-a-viz current regional and global challenges.

Published 03 Jan, 2017 11:21am

Markets

Market rates of bullion in Multan

MULTAN: Following bullion rates were received from markets here on Tuesday,2017.

Published 03 Jan, 2017 11:16am

Business & Economy

'Billions of dollars can be earned by exporting seedless Kinnow'

FAISALABAD: The country could earn billions of dollars by exporting seedless Kinnow, said Qamar Yusuf, an agriculture expert at the Ayub Agriculture Research Institute, here, on Tuesday.

Published 03 Jan, 2017 11:15am

FBR collects Rs382bn revenues in December

ISLAMABAD: The Federal Board of Revenue (FBR) collected taxes amounting to Rs382 billion provisionally during the month of December 2016.

Published 03 Jan, 2017 11:11am

Asia

Kazakhstan lifts visa requirements to boost tourism, investment

ASTANA: Kazakhstan said Tuesday it had lifted visa requirements for citizens of the European Union, OECD countries and a number of other states in a bid to boost investment and tourism.

Published 03 Jan, 2017 11:06am

Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Tuesday having 48827.

Published 03 Jan, 2017 11:05am

Sports

smooth sailing for Radwanska in Shenzhen

SHENZHEN: Top seed and world number three Agnieszka Radwanska made short work of her second round opponent at the WTA Shenzhen Open on Tuesday.

Published 03 Jan, 2017 10:53am

Front Top News

Israeli officials back 'shoot-to-kill' policy for Palestinians: HRW

NEW YORK: Some leading Israeli officials are encouraging soldiers and police officers to kill suspected Palestinian attackers, even when they no longer pose a threat, a prominent international human rights watchdog body said on Monday.

Published 03 Jan, 2017 10:30am

General News

Chairman Senate for promoting Pakistan's products in international markets

KARACHI: Chairman Senate Mian Raza Rabbani has emphasised upon the need for promoting Pakistan's products in the international markets with the name of `Made in Pakistan'.

Published 03 Jan, 2017 10:22am

Pakistan Top News

Chinese consortium to invest $85mn in PSX

KARACHI: The Chinese consortium that acquired stake in PSX will invest $85 million, a source with close knowledge about the deal told China Daily.

Published 03 Jan, 2017 10:18am

CDNS achieves Rs110bn by Dec 31

ISLAMABAD:The Central Directorate of National Savings (CDNS) achieved Rs 110 billion in last months of second quarter of current fiscal year from July 01 to December 31, 2016-17.

Published 03 Jan, 2017 10:15am

Front Top News

Indian minister blames 'western dress' for sex attacks

BANGALORE: An Indian minister faced a severe backlash Tuesday after he criticised women for dressing "like westerners" at a New Year's eve celebration where a mob allegedly carried out a series of sex assaults.

Published 03 Jan, 2017 10:09am

Bank Alfalah issues country's first Discount Debit Cards

KARACHI: Bank Alfalah has entered into partnership with a prominent e-commerce website for issuance of Pakistan's first ever discount debit card.

Published 03 Jan, 2017 10:08am

General News

Pakistan to organize 'Tourism Conference' in Canada

ISLAMABAD: Embassy of Pakistan in Canada will organize "Pakistan tourism conference" in Canada to show-case tourism potential of Pakistan.

Published 03 Jan, 2017 10:07am

General News

Population census: 45,000 troops to perform duties in March

ISLAMABAD: The Pakistan Bureau of Statistics (PBS) will conduct the national population census in March this year after a gap of almost 18 years, its chief statistician said on Monday.

Published 03 Jan, 2017 10:04am

Industries & Sectors

E&P companies drilled 319 new wells, made 91 finds

ISLAMABAD: Oil and Gas Exploration and Production (E&P) companies operating in different parts of the country drilled 319 wells and made 91 finds during the last three years.

Published 03 Jan, 2017 09:59am

Life & Style

Arshad Khan chai-wala apologizes to fans

Popular chai-wala Arshad Khan, who appeared in several ads, music videos and now signed a movie, has apologized to all his fans for some of his pictures circulating on social media.

Published 03 Jan, 2017 09:55am

Cricket

Yasir reveals trade secrets learned from legendary Shane Warne

Pakistan leg-spin prodigy Yasir Shah has been facing a lot of criticism after he failed to capitalize on the bowling friendly track at the MCG, paving the way for hosts Australia to win the Test match and with that the series also.

Published 03 Jan, 2017 09:51am

Arts

The Titanic didn't sink due to iceberg; expert

The sinking of largest ship ever made, The Titanic, has become one of the universal truths of all-time.

Published 03 Jan, 2017 09:44am

Pakistan Top News

SC seeks govt explanation over legality of plea bargain, voluntary return

%D%AKHUDAYAR MOHLA%D%A%D%AISLAMABAD: The Supreme Court has asked the federal government to submit its response over the legality of National Accountability Bureaus plea bargain (PB) and voluntary return (VR) schemes.

Published 03 Jan, 2017 09:36am

Cricket

Openers plunder, after Australia grip SCG

SYDNEY: David Warner joined the illustrious company of Don Bradman and Victor Trumper with a Test century before lunch as rookie partner Matthew Renshaw flourished for his maiden hundred against Pakistan on Tuesday.

Published 03 Jan, 2017 09:12am

Cricket

Another cricketer fell victim to social media onslaught

Handling media is tough enough, but handling social media is the whole other level, as we see a lot of media savvy individuals facing the heat by the citizens of social media.

Published 03 Jan, 2017 08:59am

Front Top News

Imran submits more evidence against PM Nawaz

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has submitted more documents regarding the Panama Leaks case in the Supreme Court on Tuesday.

Published 03 Jan, 2017 08:34am

Financial

China stocks start 2017 firmer, aided by stronger factory growth

SHANGHAI: China stocks started the first trading day of 2017 on a solid footing as concerns of a liquidity crunch faded and strong factory growth offered more signs of a stabilising economy.

Published 03 Jan, 2017 08:19am

Financial

India bonds yields fall to near one-month low as govt cuts borrowing

MUMBAI: Indian bonds rallied on Tuesday, with yields falling to the lowest levels in nearly a month, after the government reduced the amount of bond sales in January and February after a recent surge in inflows into a government-run deposits scheme.

Published 03 Jan, 2017 08:15am

Financial

LSE agrees clearing house sale for Deutsche Boerse merger

LONDON: The London Stock Exchange said Tuesday it has agreed to offload the French arm of clearing house LCH to European rival Euronext as it seeks a merger with Deutsche Boerse.

Published 03 Jan, 2017 08:02am

Front Top News

No North Korea missile will be capable of reaching US: Trump

WASHINGTON: President-elect Donald Trump took to Twitter again on Monday evening to promise North Korea would not develop a nuclear missile capable of reaching US territory.

Published 03 Jan, 2017 08:00am

World

Inmates beheaded in Brazil riot, 56 killed

MANAUS: Rioting inmates decapitated their rivals in brutal fighting between two gangs in a Brazilian jail that left 56 dead, while 144 prisoners escaped, officials said Monday.

Published 03 Jan, 2017 07:58am

Money & Banking

ANZ offloads Shanghai bank stake

SYDNEY: ANZ Bank Tuesday agreed to sell its stake in Shanghai Rural Commercial Bank for Aus$1.

Published 03 Jan, 2017 07:56am

Sports

Serena shakes off rust for comeback win

AUCKLAND: Serena Williams was troubled by windy conditions and some early rust before beating 69th-ranked Pauline Parmentier 6-3, 6-4 to launch her comeback from a four-month lay-off at the Auckland Classic on Tuesday.

Published 03 Jan, 2017 07:55am

General News

Federal govt not implementing NAP: Murad

MOHAMMAD BILAL TAHIR %D%AKARACHI: Sindh Apex Committee has accused the federal government of not implementing National Action Plan (NAP) in true letter and spirit.

Published 03 Jan, 2017 07:54am

Financial

Hong Kong, Shanghai up at the break

HONG KONG: Hong Kong and Shanghai stocks were up at the break Tuesday after opening flat on the first trading day of the year.

Published 03 Jan, 2017 07:49am

World

Singapore dodges technical recession, grows 1.8pc in 2016

SINGAPORE: Singapore's trade-driven economy grew 1.

Published 03 Jan, 2017 07:47am

Front Top News

Senate panel passes Hindu Marriage Bill, 2016

ISLAMABAD: The Senate Committee on Human Rights on Monday passed The Hindu Marriage Bill, 2016 that bars marriage of Hindu couples below the age of 18 years.

Published 03 Jan, 2017 07:45am

Front Top News

Park Geun-Hye stays away from impeachment hearing

SEOUL: South Korea's Constitutional Court on Tuesday held its first full hearing on whether to confirm the impeachment of President Park Geun-Hye but she stayed away from the session.

Published 03 Jan, 2017 07:44am

North America

More protests in Mexico over gasoline price hike

MEXICO CITY: Mexicans angry over a steep hike in gasoline prices blocked roads around the country Monday, but the government refused to budge on the energy reform behind the increase.

Published 03 Jan, 2017 07:44am

Technology

Egyptian Pharaoh possessed a space-dagger; research says

King Tutankhamun was a boy pharaoh who ruled ancient Egypt circa 1332 1323 BCE, and had his body hidden away inside his tomb till it was excavated in 1922 alongside his ornamental gold blade. %D%A%D%A

Published 03 Jan, 2017 07:38am

Life & Style

Miley Cyrus secretly married to Liam Hemsworth?

American singer and actress Miley Cyrus has sparked speculation that she is secretly married to actor Liam Hemsworth after she called his family her in-laws on social media.

Published 03 Jan, 2017 07:36am

Cricket

Warner, Renshaw tons in Australia's 365-3

SYDNEY: Openers David Warner and Matthew Renshaw posted centuries as Australia plundered Pakistan's bowlers to 365 for three on the first day of the third Sydney Test on Tuesday.

Published 03 Jan, 2017 07:36am

Front Top News

SBP unveils PRs for infrastructure project financing

RIZWAN BHATTI%D%AKARACHI: In order to promote infrastructure financing in Pakistan, the State Bank of Pakistan (SBP) has issued Prudential Regulations for infrastructure project financing.

Published 03 Jan, 2017 07:24am

Front Top News

First winter rain, snowfall hit different cities of Pakistan

Light drizzle rain and snow falling started in mostly upper parts of the country early morning today.

Published 03 Jan, 2017 07:00am

Life & Style

Shah Rukh Khan, Salman Khan to reunite once again onscreen

Superstars Shah Rukh Khan and Salman Khan created history on Indian television when they came together in the ninth season of Bigg Boss.

Published 03 Jan, 2017 06:35am

The post-Cold War world

Not content with the implosion and break-up of the Soviet Union in 1991, a triumphal capitalist west embarked on a plan to prevent Russia from recovering from the debacle and once again re-emerging as a superpower and the only challenger to the west's heg