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Archive - 2017-01-07
Heavy snowfall paralyses Istanbul
Europe

Heavy snowfall paralyses Istanbul

ISTANBUL: A heavy snowstorm paralysed life in Istanbul on Saturday, with hundreds of flights cancelled and the Bosphorus closed to shipping traffic.
Published 07 Jan, 2017 04:46pm
Nishikori sets sights on Slam title
Sports

Nishikori sets sights on Slam title

BRISBANE: Kei Nishikori says a Grand Slam title is within reach following his impressive straight sets win over US Open champion Stan Wawrinka in the semi-finals of the Brisbane International Saturday.
Published 07 Jan, 2017 03:43pm
Almost perfect Pliskova demolishes Cornet
Sports

Almost perfect Pliskova demolishes Cornet

BRISBANE: Karolina Pliskova stamped herself as a major contender for the Australian Open with a 6-0, 6-3 demolition of France's Alize Cornet in the final of the Brisbane International on Saturday.
Published 07 Jan, 2017 03:39pm
Erdogan, UK PM say Geneva talks 'real opportunity' for Cyprus
Pakistan Top News

Erdogan, UK PM say Geneva talks 'real opportunity' for Cyprus

ISTANBUL: Turkish President Recep Tayyip Erdogan and British Prime Minister Theresa May on Saturday agreed that key talks on Cyprus next week in Geneva were a "real opportunity" for a fair and lasting solution to the division of the island.
Published 07 Jan, 2017 03:25pm
Rooney 'proud' to equal Charlton goal mark
Football

Rooney 'proud' to equal Charlton goal mark

MANCHESTER: Manchester United captain Wayne Rooney spoke of his pride after equalling the great Bobby Charlton's club scoring record on Saturday with his 249th United goal.
Published 07 Jan, 2017 03:19pm
Ronaldo celebrates as record-equalling Madrid cruise
Football

Ronaldo celebrates as record-equalling Madrid cruise

MADRID: Cristiano Ronaldo paraded his fourth Ballon d'Or and powered home his first goal of 2017 as Real Madrid equalled Barcelona's Spanish record 39-game unbeaten run with a 5-0 demolition of lowly Granada on Saturday.
Published 07 Jan, 2017 03:17pm
Gasquet powers France to title
Sports

Gasquet powers France to title

PERTH: A gallant Richard Gasquet led France to its second title at the mixed teams Hopman Cup in Perth on Saturday.
Published 07 Jan, 2017 03:15pm
COAS Bajwa honors Waseem's achievements
Sports

COAS Bajwa honors Waseem's achievements

Pakistan boxing hero, Muhammad Waseem met with the Chief of Army Staff (COAS), General Qamar Javed Bajwa at General Headquarters Rawalpindi on Saturday.
Published 07 Jan, 2017 02:47pm
Miandad comes out in defense of skipper Misbah
Cricket

Miandad comes out in defense of skipper Misbah

After a disappointing show by Pakistan cricket team against Australia in the Test series, which the visitors lost 3-0; former cricketers and experts are calling for the replacement of skipper Misbah-ul-Haq.
Published 07 Jan, 2017 01:42pm
Smith hails Australia turnaround, next stop India
Cricket

Smith hails Australia turnaround, next stop India

SYDNEY: Australia captain Steve Smith was delighted with the way his side rebounded from a series defeat to South Africa to sweep Pakistan 3-0 on Saturday but warned their next test campaign in India would present a challenge on a whole different level.
Published 07 Jan, 2017 01:17pm
Around 20 killed in blast in Syrian town near Turkish border
World Top News

Around 20 killed in blast in Syrian town near Turkish border

BEIRUT: A large explosion in the busy centre of a rebel-held town near Syria's border with Turkey killed around 20 people and wounded dozens on Saturday, a monitor, local resident, and opposition groups said.
Published 07 Jan, 2017 01:11pm
Ex-Pakistan players call for Misbah to retire
Cricket

Ex-Pakistan players call for Misbah to retire

KARACHI: Former Pakistan cricket heavyweights on Saturday asked Misbah-ul-Haq to call time on his illustrious career, blaming his poor batting and uninspired captaincy for a 3-0 whitewash to Australia.
Published 07 Jan, 2017 12:58pm
Many dead in explosion in Syrian
Front Top News

Many dead in explosion in Syrian

BEIRUT: An explosion in the busy centre of a rebel-held town near Syria's border with Turkey caused deaths and wounded dozens on Saturday, a monitor, local resident and rebel group said.
Published 07 Jan, 2017 11:39am
SpaceX set to launch again Monday
Arts

SpaceX set to launch again Monday

WASHINGTON: SpaceX plans to resume flights of its Falcon 9 rocket on Monday, after pinning down the cause of a launchpad explosion that destroyed a satellite in September, a spokesman said.
Published 07 Jan, 2017 08:52am
Mexico slams 'threats' against investors
Front Top News

Mexico slams 'threats' against investors

MEXICO CITY: Mexico's economy ministry, in an apparent reference to US President-elect Donald Trump, rejected on Friday any threats made to deter companies from investing in the country.
Published 07 Jan, 2017 08:41am
Norway kills all its FM networks
Technology

Norway kills all its FM networks

Norway just became the worlds first country to do away with its FM radio broadcast network and switching to digital audio broadcasting (DAB). %D%A%D%A
Published 07 Jan, 2017 08:35am
Five dead in Fort Lauderdale airport shooting
Front Top News

Five dead in Fort Lauderdale airport shooting

MIAMI: A gunman thought to be an Iraq veteran opened fire on Friday at Fort Lauderdale-Hollywood airport, a major tourist hub in Florida, killing five people and injuring eight, as panicked travelers fled for safety.
Published 07 Jan, 2017 08:24am
Hacking had 'no effect' on his election: Trump
Front Top News

Hacking had 'no effect' on his election: Trump

WASHINGTON: Donald Trump asserted that hacking by foreign powers did not sway the US election, after being briefed on an intelligence report that blamed on Russia's Vladimir Putin for a cyber campaign to keep Hillary Clinton out of the White House.
Published 07 Jan, 2017 08:10am
Diminutive Davis walks tall in Auckland
Sports

Diminutive Davis walks tall in Auckland

AUCKLAND: Diminutive Lauren Davis pulled off the biggest win of her career Saturday, collecting her maiden WTA title with a 6-3, 6-1 win over Ana Konjuh in the Auckland Classic final.
Published 07 Jan, 2017 08:09am
Taiwan president heads to US as Beijing watches
Asia

Taiwan president heads to US as Beijing watches

TAIPEI: Taiwan's President Tsai Ing-wen left for the United States Saturday on her way to Central America, a trip that will be scrutinised by China, incensed by her congratulatory call to Donald Trump.
Published 07 Jan, 2017 08:01am
Saturday Sizzle - Dogtown Diary by Franz Steiner IX
Featured Photos

Saturday Sizzle - Dogtown Diary by Franz Steiner IX

Photo Credit : Franz Steiner%Dranz Steiner is a professional German photographer, filmmaker and digital artist who currently lives and works in Los Angeles, California.
Published 07 Jan, 2017 07:54am
Saturday Sizzle - Dogtown diary by Franz Steiner VIII
Featured Photos

Saturday Sizzle - Dogtown diary by Franz Steiner VIII

Photo Credit : Franz Steiner%Dranz Steiner is a professional German photographer, filmmaker and digital artist who currently lives and works in Los Angeles, California.
Published 07 Jan, 2017 07:52am
Saturday Sizzle - Dogtown Diary by Franz Steiner VII
Featured Photos

Saturday Sizzle - Dogtown Diary by Franz Steiner VII

Photo Credit : Franz Steiner%Dranz Steiner is a professional German photographer, filmmaker and digital artist who currently lives and works in Los Angeles, California.
Published 07 Jan, 2017 07:51am
Saturday Sizzle - Dogtown Diary by Franz Steiner VI
Featured Photos

Saturday Sizzle - Dogtown Diary by Franz Steiner VI

Photo Credit : Franz Steiner%Dranz Steiner is a professional German photographer, filmmaker and digital artist who currently lives and works in Los Angeles, California.
Published 07 Jan, 2017 07:49am
Saturday Sizzle - Dogtown Diary by Franz Steiner V
Featured Photos

Saturday Sizzle - Dogtown Diary by Franz Steiner V

Photo Credit : Franz Steiner%Dranz Steiner is a professional German photographer, filmmaker and digital artist who currently lives and works in Los Angeles, California.
Published 07 Jan, 2017 07:48am
Waqar Younis amazed by speedster Hazlewood
Cricket

Waqar Younis amazed by speedster Hazlewood

The much hyped Pakistan Australian series, ended with the hosts completing yet another whitewash, as Australia pinned the final nail in the coffin after bowling out Pakistan for 244 at the SCG, winning the series 3-0.
Published 07 Jan, 2017 07:46am
Saturday Sizzle - Dogtown Diary by Franz Steiner IV
Featured Photos

Saturday Sizzle - Dogtown Diary by Franz Steiner IV

Photo Credit : Franz Steiner%Dranz Steiner is a professional German photographer, filmmaker and digital artist who currently lives and works in Los Angeles, California.
Published 07 Jan, 2017 07:46am
Saturday Sizzle - Dogtown Diary by Franz Steiner III
Featured Photos

Saturday Sizzle - Dogtown Diary by Franz Steiner III

Photo Credit : Franz Steiner%Dranz Steiner is a professional German photographer, filmmaker and digital artist who currently lives and works in Los Angeles, California.
Published 07 Jan, 2017 07:44am
Saturday Sizzle - Dogtown Diary by Franz Steiner II
Featured Photos

Saturday Sizzle - Dogtown Diary by Franz Steiner II

Photo Credit : Franz Steiner%Dranz Steiner is a professional German photographer, filmmaker and digital artist who currently lives and works in Los Angeles, California.
Published 07 Jan, 2017 07:42am
Saturday Sizzle - Dogtown Diary by Franz Steiner
Featured Photos

Saturday Sizzle - Dogtown Diary by Franz Steiner

Photo Credit : Franz Steiner%Dranz Steiner is a professional German photographer, filmmaker and digital artist who currently lives and works in Los Angeles, California.
Published 07 Jan, 2017 07:39am
KE irked by government's audit of subsidy move
Industries & Sectors

KE irked by government's audit of subsidy move

MUSHTAQ GHUMMAN%D%AISLAMABAD: The management of Karachi Electric (KE) has reportedly expressed it serious reservations against the federal government for sending a team to conduct an audit of subsidy worth billions of rupees given by the federal governmen
Published 07 Jan, 2017 07:35am
FBR will submit comments on Punjab's professional tax proposal
Top News

FBR will submit comments on Punjab's professional tax proposal

SOHAIL SARFRAZ%D%AISLAMABAD: The Federal Board of Revenue (FBR) would submit its comments on the proposal of Punjab government to raise maximum limit of professional tax from Rs 100,000 to Rs 500,000, reflecting an increase of Rs 400,000.
Published 07 Jan, 2017 07:26am
Raheel appointed chief of Islamic military alliance: Asif
Front Top News

Raheel appointed chief of Islamic military alliance: Asif

MONITORING DESK%D%AKARACHI: Defence Minister Khawaja Muhammad Asif on Friday confirmed the recent development that former army chief General Raheel Sharif (retd) was made the chief of 39-nation Islamic military coalition formed to combat terrorism.
Published 07 Jan, 2017 07:21am
Clock running down on military courts

Clock running down on military courts

A law allowing secret military courts to try civilians on terrorism charges is set to expire on Saturday, but the government has been silent on its renewal, following criticism from lawyers that it led to abuse and curtailed human rights. Lawmakers amende
Published 07 Jan, 2017 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee stayed put against the dollar for the second day on Friday in the process of trading, dealers said. The rupee retained its levels in relation to the dollar for buying and selling at Rs 104.80 and Rs 104.82 respectively, they said.
Published 07 Jan, 2017 12:00am
Guarantee fund likely for insurance companies

Guarantee fund likely for insurance companies

The Securities and Exchange Commission of Pakistan (SECP) will make it mandatory for the insurance companies to establish an industry-wide guarantee fund to protect the interests of policyholders under the draft Insurance Bill 2016. Sources told Busine
Published 07 Jan, 2017 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee stayed put against the dollar for the second day on Friday in the process of trading, dealers said. The rupee retained its levels in relation to the dollar for buying and selling at Rs 104.80 and Rs 104.82 respectively, they said.
Published 07 Jan, 2017 12:00am
Guarantee fund likely for insurance companies

Guarantee fund likely for insurance companies

The Securities and Exchange Commission of Pakistan (SECP) will make it mandatory for the insurance companies to establish an industry-wide guarantee fund to protect the interests of policyholders under the draft Insurance Bill 2016. Sources told Busine
Published 07 Jan, 2017 12:00am
Guarantee fund likely for insurance companies

Guarantee fund likely for insurance companies

The Securities and Exchange Commission of Pakistan (SECP) will make it mandatory for the insurance companies to establish an industry-wide guarantee fund to protect the interests of policyholders under the draft Insurance Bill 2016. Sources told Busine
Published 07 Jan, 2017 12:00am
Pakistan hands over dossier on IoK to UN chief

Pakistan hands over dossier on IoK to UN chief

Pakistan has handed over dossier on Indian interference and terrorism in the country to UN Secretary General Antonio Guterres, urging the world body to restrain India from the interference and activities aimed at destabilising the country, Foreign Office
Published 07 Jan, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 06, 2017).

Published 07 Jan, 2017 12:00am
Pakistan hands over dossier on IoK to UN chief

Pakistan hands over dossier on IoK to UN chief

Pakistan has handed over dossier on Indian interference and terrorism in the country to UN Secretary General Antonio Guterres, urging the world body to restrain India from the interference and activities aimed at destabilising the country, Foreign Office
Published 07 Jan, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 06, 2017).

Published 07 Jan, 2017 12:00am
UK hails Pakistan's efforts towards peace

UK hails Pakistan's efforts towards peace

British High Commissioner Thomas Drew on Friday called on Chief of Army Staff (CoAS) General Qamar Javed Bajwa here at General Headquarters. During the meeting matters of mutual interest and regional security were discussed, an Inter Services Public Relat
Published 07 Jan, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (January 06, 2017).

Published 07 Jan, 2017 12:00am
UK hails Pakistan's efforts towards peace

UK hails Pakistan's efforts towards peace

British High Commissioner Thomas Drew on Friday called on Chief of Army Staff (CoAS) General Qamar Javed Bajwa here at General Headquarters. During the meeting matters of mutual interest and regional security were discussed, an Inter Services Public Relat
Published 07 Jan, 2017 12:00am
PSX asks companies to submit shareholders' list

PSX asks companies to submit shareholders' list

Pakistan Stock Exchange (PSX) has asked all the listed companies/issuers of listed securities to submit complete list of their shareholders/security holders as at December 31, 2016. In a notice issued on Friday, PSX asked all the listed companies/issuers
Published 07 Jan, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 06, 2017)

Published 07 Jan, 2017 12:00am
PSX asks companies to submit shareholders' list

PSX asks companies to submit shareholders' list

Pakistan Stock Exchange (PSX) has asked all the listed companies/issuers of listed securities to submit complete list of their shareholders/security holders as at December 31, 2016. In a notice issued on Friday, PSX asked all the listed companies/issuers
Published 07 Jan, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 06, 2017).

Published 07 Jan, 2017 12:00am
PSX asks companies to submit shareholders'' list

PSX asks companies to submit shareholders'' list

Pakistan Stock Exchange (PSX) has asked all the listed companies/issuers of listed securities to submit complete list of their shareholders/security holders as at December 31, 2016. In a notice issued on Friday, PSX asked all the listed companies/issuers
Published 07 Jan, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 07 Jan, 2017 12:00am
Train hits rickshaw killing six children and driver

Train hits rickshaw killing six children and driver

Eight persons including rickshaw driver were killed on Friday morning when their rickshaw carrying students hit a Karachi bound Hazara express at a level crossing in Lodhran city some 80km south of Multan. DPO Lodhran Asad Sarfraz Khan told that this inci
Published 07 Jan, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 07 Jan, 2017 12:00am
Train hits rickshaw killing six children and driver

Train hits rickshaw killing six children and driver

Eight persons including rickshaw driver were killed on Friday morning when their rickshaw carrying students hit a Karachi bound Hazara express at a level crossing in Lodhran city some 80km south of Multan. DPO Lodhran Asad Sarfraz Khan told that this inci
Published 07 Jan, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 06, 2017).

Published 07 Jan, 2017 12:00am
Rao Anwar reinstated as SSP Malir

Rao Anwar reinstated as SSP Malir

Rao Anwar has been reinstated as senior superintendent of police Malir, according to a notification issued on Friday. Aaj News reported on Friday that Rao Anwar was reinstated and the incumbent SSP Malir Javed Akbar Riaz has been transferred to the Forens
Published 07 Jan, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 06, 2017).

Published 07 Jan, 2017 12:00am
Five dead in Fort Lauderdale airport shooting

Five dead in Fort Lauderdale airport shooting

A shooter wearing a Star Wars T-shirt opened fire at the baggage carousel at Fort Lauderdale-Hollywood International Airport on Friday, killing at least five people before being taken into custody, officials and witnesses said. Five people died and eight
Published 07 Jan, 2017 12:00am
The Weather

The Weather

The weather report on Friday (January 06, 2017) and the forecast for Saturday (January 07, 2017).

Published 07 Jan, 2017 12:00am
Five dead in Fort Lauderdale airport shooting

Five dead in Fort Lauderdale airport shooting

A shooter wearing a Star Wars T-shirt opened fire at the baggage carousel at Fort Lauderdale-Hollywood International Airport on Friday, killing at least five people before being taken into custody, officials and witnesses said. Five people died and eight
Published 07 Jan, 2017 12:00am
Why is CPEC being characterised as 'opaque'?

Why is CPEC being characterised as 'opaque'?

Several chambers of commerce and industry in the country have expressed serious concern over the lack of transparency in the China Pakistan Economic Corridor (CPEC) projects - transparency which is a sine qua non of any democratic dispensation. The Federa
Published 07 Jan, 2017 12:00am
Civil-military interaction

Civil-military interaction

Prime Minister Nawaz Sharif chaired a meeting to review the country's foreign policy challenges on January 3. What was doubly significant about the event was that it was the first formal civil-military interaction since General Qamar Bajwa assumed com
Published 07 Jan, 2017 12:00am
Government's sell-off plan: ignominious retreat

Government's sell-off plan: ignominious retreat

Chairing a meeting on matters related to privatisation of state-owned entities, the Finance Minister, Senator Ishaq Dar, asked the Privatisation Commission (PC) to undertake all necessary measures to complete the ongoing privatisation transactions in acco
Published 07 Jan, 2017 12:00am
Compliance as an instrument of law

Compliance as an instrument of law

The term compliance refers to conformity of behaviour with legal rules. Obviously, it refers to understanding of the law with reference to its relations to behaviour, objectives and justice, and it all leads to compliance. That means one has to consider t
Published 07 Jan, 2017 12:00am
The future of UK-Pakistan bilateral trade

The future of UK-Pakistan bilateral trade

I'm delighted to be here at the start of the 70th anniversary of Pakistan's independence. During my two days in Islamabad and Karachi, I have had the chance to speak to the government ministers and businesses and have been heartened to see that the histor
Published 07 Jan, 2017 12:00am
The culture of tax evasion

The culture of tax evasion

There is a strong demand for grant of amnesty across the board to people of Pakistan on payment of 3-5% tax. While the government wishes to bring into tax net people who have been tax evaders. On the other hand, heavy taxes are levied on honest tax payers
Published 07 Jan, 2017 12:00am
IG Sindh orders inquiry into cop attack

IG Sindh orders inquiry into cop attack

Inspector General of Sindh Police, A D Khawaja has directed Deputy Inspector General, Karachi Police - West to submit a detailed inquiry report about targeted firing on a traffic cop followed by cracker hurled on police station in North Nazimabad area thi
Published 07 Jan, 2017 12:00am
Sherpao reaffirms stance on KP-Fata merger

Sherpao reaffirms stance on KP-Fata merger

Chairman, Qaumi Watan Party Aftab Ahmed Khan Sherpao has reaffirmed his stance on merger of FATA with Khyber Pakhtunkhwa and termed it as the only way to resolve the long-standing deprivations and exploitations of Pakhtun nation. While addressing a gather
Published 07 Jan, 2017 12:00am
PFA seals four food outlets, fines others

PFA seals four food outlets, fines others

The Punjab Food Authority (PFA) on Friday sealed four food outlets and imposed fine on numerous others in different parts of the provincial metropolis on the charges of serious violations of hygiene rules. According to information released by the Authorit
Published 07 Jan, 2017 12:00am
CJP urged to expand scope of suo motu to all child labour

CJP urged to expand scope of suo motu to all child labour

Rights groups on Friday appealed to the Chief Justice to expand the scope of its suo motu case on a victim girl to all child labour and make the government accountable for non-implementations of the laws to protect underage workers in Pakistan.
Published 07 Jan, 2017 12:00am
Importers' problems to be solved: FPCCI President

Importers' problems to be solved: FPCCI President

President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zubair Farid Tufail has assured the commercial importers that he would make all possible efforts to get their issues resolved on priority bases.
Published 07 Jan, 2017 12:00am
SBP, banks urged to reschedule loans

SBP, banks urged to reschedule loans

Dr Mirza Ikhtiar Baig, Chairman FPCCI Standing Committee on Banking, Credit & Finance has requested the governor State Bank of Pakistan and presidents of other banks for rescheduling of the loans and to allow their working capital facilities on priority b
Published 07 Jan, 2017 12:00am
Bilawal gets warm welcome on Larkana visit

Bilawal gets warm welcome on Larkana visit

Chairman of Pakistan Peoples Party (PPP) on Friday paid a visit to Larkana where he was given a warm welcome by the locals. PPP chief Bilawal was given a warm welcome upon his arrival in NA-204 constituency in Larkana where he will be contesting bye elect
Published 07 Jan, 2017 12:00am
Weaving sector's plea to government
Cotton

Weaving sector's plea to government

The weaving sector, particularly parties which supply goods to exporters for being shipped abroad, are almost on the verge of collapse due to government policies, a leading business said on Friday. Addressing an extraordinary general meeting of the Pakist
Published 07 Jan, 2017 12:00am
PBIF chief urges government to help revive textile industry

PBIF chief urges government to help revive textile industry

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has said Pakistan is losing yarn market to Vietnam. "Pakistan has already lost a big share in international clothing market to rivals such as Bangladesh and now cheaper ya
Published 07 Jan, 2017 12:00am
Regional languages face looming extinction

Regional languages face looming extinction

Around a hundred women have gathered in a community centre in Peshawar, the heart of country's fabled north-west - but they are conversing in a dialect incomprehensible to the Pashtun ethnic group that dominates the region. Instead they are exchanging ane
Published 07 Jan, 2017 12:00am
MoU signed to improve departments' financial management skills

MoU signed to improve departments' financial management skills

To improve financial management skills of provincial government departments, a memorandum of understanding (MoU) was signed among the Association of Chartered Certified Accountants Pakistan (ACCA), Auditor General of Pakistan (AGP), Governance and Policy
Published 07 Jan, 2017 12:00am
PML-N senator sees a Zardari-Bilawal rift

PML-N senator sees a Zardari-Bilawal rift

A senator of the Pakistan Muslim League-Nawaz said on Friday that Asif Ali Zardari's decision to contest the next elections is aimed at ending what he called the confrontational attitude of his son Bilawal Bhutto-Zardari against the present government. Za
Published 07 Jan, 2017 12:00am
Petroleum levy: FIA recovers Rs 440 million from OMCs

Petroleum levy: FIA recovers Rs 440 million from OMCs

Federal Investigation Agency (FIA) has made significant progress in investigation into embezzlement, worth billions of rupees, allegedly committed by oil marketing companies (OMCs) in collection of petroleum levy and recovered Rs 440 million. According to
Published 07 Jan, 2017 12:00am
KICS, HME sign pact

KICS, HME sign pact

Al-Khawarzmi Institute of Computer Science (KICS) University of Engineering and Technology Lahore and Hayat Mahal Engravers (HME) Faisalabad on Friday signed an agreement. The MoU signing ceremony was held in the presence of Vice Chancellor UET Lahore Pro
Published 07 Jan, 2017 12:00am
Healthcare initiatives being taken on priority: Prime Minister

Healthcare initiatives being taken on priority: Prime Minister

Prime Minister Nawaz Sharif on Friday terming the healthcare sector as one of his top priorities said the government was taking initiatives for the uplift of poorest of the poor patients. The Prime Minister stated this in his address at the foundation-lay
Published 07 Jan, 2017 12:00am
US and Pakistani groups perform at a musical concert

US and Pakistani groups perform at a musical concert

Scores of music lovers thronged the National Academy of Performing Arts (NAPA) to enjoy a concert featuring Sangat, an ensemble of musicians from the University of Texas (UT), Austin, and NAPA on Friday night. The concert showcased the success of a three-
Published 07 Jan, 2017 12:00am
SHC to hear Ayyan's plea on January 9

SHC to hear Ayyan's plea on January 9

Sindh High Court (SHC) on Friday fixed January 9 as the date for hearing the plea seeking immediate withdrawal of model Ayyan Ali's name from the Exit Control List (ECL). A plea has been filed in the high court stating that Ayyan Ali's name from the Exit
Published 07 Jan, 2017 12:00am
PEDO to launch 7 hydropower projects

PEDO to launch 7 hydropower projects

Pakhtunkhwa Energy Development Organisation (PEDO) would launch seven hydropower projects of 668 Megawatt capacities with active participation of private sector during the current year. The projects would not only add 2 billion dollars investment in provi
Published 07 Jan, 2017 12:00am
Kashmir issue: Trump administration urged to play proactive role

Kashmir issue: Trump administration urged to play proactive role

Pakistan has fervently urged the incoming President-elect Donald Trump's administration to play a more proactive role in defusing tensions between India and Pakistan stemming from the "inflamed" situation in Kashmir and help resolve this dispute to usher
Published 07 Jan, 2017 12:00am
NAB chalks out comprehensive anti-corruption strategy: Chairman

NAB chalks out comprehensive anti-corruption strategy: Chairman

NAB is committed to eradicate corruption for corruption free Pakistan as corruption affects country just like a cancer. NAB has chalked out a very comprehensive Anti Corruption Strategy by adopting zero tolerance policy. This was said by Qamar Zaman Chaud
Published 07 Jan, 2017 12:00am
Nisar welcomes points raised in UK Parliament on IoK

Nisar welcomes points raised in UK Parliament on IoK

A delegation of United Kingdom and European Parliament called on Interior Minister Chaudhry Nisar Ali Khan at Punjab House here on Friday and discussed matters of mutual interests. Bilateral relations, Pakistan-UK multifaceted co-operation, joint parliame
Published 07 Jan, 2017 12:00am
Fisheries department directed to provide quality seed to farmers

Fisheries department directed to provide quality seed to farmers

Punjab Minister for Forests, Wildlife and Fisheries Mian Yawar Zaman has directed the provincial fisheries department officials to provide quality seed to fish farmers besides introducing new varieties which could ensure higher meat production. The Minist
Published 07 Jan, 2017 12:00am
Nuclear medicine department to be set up at Jinnah Hospital

Nuclear medicine department to be set up at Jinnah Hospital

A nuclear medicine department and a modern diagnostic centre will be set up at Jinnah hospital on public-private partnership mode where radiological and pathological lab test facilities including cancer diagnoses will be available to the patients. Secreta
Published 07 Jan, 2017 12:00am
Services of ICG at Gerry's shed inaugurated

Services of ICG at Gerry's shed inaugurated

Collector of Customs Zulfiqar Younas has inaugurated the services of Immediate Clearance Group (ICG) at the Gerry's shed on Friday. The facility would decrease the customs clearance time at the airport freight unit (AFU), Lahore and facilitate trade at th
Published 07 Jan, 2017 12:00am
Shahbaz visits Fazl

Shahbaz visits Fazl

After successful operation, JUI-F Ameer Maulana Fazalur Rehman has been shifted from Intensive Care Unit (ICU) to a private room, said a press release issued here on Friday. After the operation, doctors have conducted his complete check up and termed his
Published 07 Jan, 2017 12:00am
4th Hamdard International Conference commences on Monday

4th Hamdard International Conference commences on Monday

A 3-day 4th Hamdard International Conference 2017 on the theme: 'Medicine: Past, Present and Future' is scheduled from 9th to 11th January, 2017 at Bait al-Hikmah Auditorium, Madinat al-Hikmah, Karachi. The Conference jointly organised by Hamdard Foundati
Published 07 Jan, 2017 12:00am
Professor Nusrat Jahan donates Rs one million to GCU-EFT

Professor Nusrat Jahan donates Rs one million to GCU-EFT

Professor Dr Nusrat Jahan, the former chairperson of Government College University (GCU) Lahore Zoology Department, has donated rupees one million to the University's Endowment Fund Trust (GCU-EFT) for the scholarships of the financially-challenged orphan
Published 07 Jan, 2017 12:00am
Quantitative export of finished leather declines 32.72 percent

Quantitative export of finished leather declines 32.72 percent

The quantitative export of finished leather has been declined by 32.72 percent during last five years from 24.985 million square meters in 2011-12 to 16,810 million square meters in 2015-16 whereas in term of value, it went down from $1.049 billion to $0.
Published 07 Jan, 2017 12:00am
'Punjab Thalassemia Prevention Authority' to be set up

'Punjab Thalassemia Prevention Authority' to be set up

In a bid to make the province of Punjab thalassemia free, the Punjab government is going to establish 'Punjab Thalassemia Prevention Authority' and a committee headed by VC FJMU Professor Fakhar Imam has been constituted, to submit ToRs for proposed autho
Published 07 Jan, 2017 12:00am
New mayor urged to play role in maintaining streetlight system

New mayor urged to play role in maintaining streetlight system

The overall condition of lighting systems in Faisalabad is abysmally poor and the newly elected Mayor should play a major role in providing and maintaining the streetlight system on modern scientific lines, said President Faisalabad Chamber of Commerce an
Published 07 Jan, 2017 12:00am
PCMEA concerned over dollar conversion rate

PCMEA concerned over dollar conversion rate

The Pakistan Carpet Manufacturers and Exporters Association has urged the Trade Development Authority of Pakistan (TDAP) Director General to take up the huge difference of dollar's conversion rate for export and open market with the authorities concerned.
Published 07 Jan, 2017 12:00am
Body formed to probe Lodhran train accident

Body formed to probe Lodhran train accident

Federal Minister for Railways, Khawaja Saad Rafique said that an inquiry committee has been formed, to investigate Lodhran train accident, which will submit its initial report within 24 hours, he added. Talking to media on Friday, Saad said, driver, assis
Published 07 Jan, 2017 12:00am
Headquarters of Rescue 1122 shifted

Headquarters of Rescue 1122 shifted

In order to renovate dilapidated building of the Rescue 1122's Headquarters, in consultation with the Home Department, the Headquarters of the Punjab Emergency Services (Rescue 1122) has been shifted from Shama Chowk, Ferozepur Road, to Emergency Services
Published 07 Jan, 2017 12:00am
LHC moved to enforce labour laws

LHC moved to enforce labour laws

A citizen approached the Lahore High Court yesterday seeking a ban on children house maids and servants, and enforcement of law against violation. The petitioner, Ishtiaq Ahmad, submitted that the law did not allow child labour or keeping them at homes as
Published 07 Jan, 2017 12:00am
CM approves extension of prerogative of PFA to five divisions

CM approves extension of prerogative of PFA to five divisions

Punjab Chief Minister Shahbaz Sharif while chairing a meeting Friday reviewed work of Punjab Food Authority. He analysing progress of Food Authority accorded approval for the extension of prerogative of Food Authority to other five Divisions of Province a
Published 07 Jan, 2017 12:00am
Safe City Project to be replicated in five more cities

Safe City Project to be replicated in five more cities

After the launch of "Safe City Project" in Lahore, Punjab government is going to replicate this project in five more cities of the province ie, Rawalpindi, Faisalabad, Multan, Gujranwala and Bahawalpur. The Punjab Provincial Development Working Party (PPD
Published 07 Jan, 2017 12:00am
Shahbaz reviews drive to eliminate spurious drugs

Shahbaz reviews drive to eliminate spurious drugs

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a meeting to review progress of campaign launched for the elimination of spurious and substandard drugs in the province. CM has directed to speed up the pace of campaign and implement zero tolera
Published 07 Jan, 2017 12:00am
144 imposed to stop cotton sowing before time
Cotton

144 imposed to stop cotton sowing before time

The Punjab government has imposed section 144 throughout the province to stop before-time sowing of the cotton. The government has warned a stern legal action against those found involved in before-time sowing of cotton besides destroying their crop. Disc
Published 07 Jan, 2017 12:00am
Headline inflation increased by 3.7 percent in December

Headline inflation increased by 3.7 percent in December

The National Price Monitoring Committee (NPMC) meeting held on Friday in Finance Division under the Chairmanship of Senator Ishaq Dar Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Privatisation.
Published 07 Jan, 2017 12:00am
PM trying to divert public attention from Panamagate debate?

PM trying to divert public attention from Panamagate debate?

Development projects by prime minister Nawaz Sharif has been described by some as an attempt aimed at diverting public attention from the ongoing debate generated from daily hearing of the Panama papers in the Supreme Court of Pakistan, revealed an anecdo
Published 07 Jan, 2017 12:00am
KE condemns attack on Baldia team

KE condemns attack on Baldia team

K-Electric is committed to curb the menace of electricity theft from Karachi and its adjoining areas. The power utility has condemned a recent attack on its Baldia team after the team had disconnected the power supply to Shamspir Island due to theft and n
Published 07 Jan, 2017 12:00am
PCA Directorate Karachi reports 202.47 million tax benefits by importers

PCA Directorate Karachi reports 202.47 million tax benefits by importers

Directorate of Post Clearance Audit (PCA) Karachi has established 22 contravention reports involving revenue to the tune of Rs 202.47 million in December 2016. According to official statistics which was available to Daily Business Recorder, revealed that
Published 07 Jan, 2017 12:00am
Naila Rind was murdered, DIG claims

Naila Rind was murdered, DIG claims

The police have claimed that a college lecturer is allegedly involved in the murder of Sindh University student Naila Rind whose dead body was found hanging in her hostel room on January 1. "You will be surprised to hear that this is also a murder," DIG H
Published 07 Jan, 2017 12:00am
CAA hands over lost wallet to owner at BBIAP
Currency

CAA hands over lost wallet to owner at BBIAP

Airport Manager BBIAP Islamabad, Amanullah Alvi today handed over the wallet along with AED 10,575 to its rightful owner Shabbir Momin who had lost the wallet at the airport while coming back from Abu Dhabi on December 30, 2016. He was extremely thankful
Published 07 Jan, 2017 12:00am
NAFA Stock Fund- the top equity fund in CY 2016

NAFA Stock Fund- the top equity fund in CY 2016

NAFA Stock Fund was ranked No 1 in the country in the year 2016, providing a phenomenal return of 51.5 percent to its investors. During the same time period, the peer group average return posted by other stock funds was 38.7 percent, while the KSE-100 Ind
Published 07 Jan, 2017 12:00am
NAFA Stock Fund- the top equity fund in CY 2016

NAFA Stock Fund- the top equity fund in CY 2016

NAFA Stock Fund was ranked No 1 in the country in the year 2016, providing a phenomenal return of 51.5 percent to its investors. During the same time period, the peer group average return posted by other stock funds was 38.7 percent, while the KSE-100 Ind
Published 07 Jan, 2017 12:00am
Khwaja Qadeer felicitates KPC office-bearers

Khwaja Qadeer felicitates KPC office-bearers

Renowned industrialist and social worker Khwaja Qadeer Ahmed and Khwaja Ateeq Ahmed have congratulated the newly-elected office bearers of Karachi Press Club. In their joint statement, they expressed well wishes and prayed for success of Siraj Ahmed (pres
Published 07 Jan, 2017 12:00am
US spy chiefs confront Trump with Russia findings

US spy chiefs confront Trump with Russia findings

US spy chiefs were set to confront an openly dismissive President-elect Donald Trump Friday with their evidence that Russia mounted an unprecedented bid to disrupt the US elections by hacking his Democratic rivals. The meeting comes amid high tension betw
Published 07 Jan, 2017 12:00am
Debt traps threaten Nepal quake victims

Debt traps threaten Nepal quake victims

Victims of Nepal's 2015 earthquake are at risk of slipping into debt as they face a second winter in temporary shelters, according to a monitoring group which says the government has been too slow to disperse reconstruction grants. Nearly 9,000 people wer
Published 07 Jan, 2017 12:00am
Slain Turkish policeman hailed for preventing new bloodbath

Slain Turkish policeman hailed for preventing new bloodbath

Turkey gave a hero's funeral Friday to a policeman praised for preventing a massacre in the latest attack to shake the country, as reports suggested the Istanbul night-club gunman may still be in the city. Turkey was shaken just 75 minutes into the New Ye
Published 07 Jan, 2017 12:00am
Kenya doctors reject offer as strike hits second month

Kenya doctors reject offer as strike hits second month

Kenyan doctors on Friday rejected the government's offer of a 40 percent pay rise in the latest bid to end a month-long strike that has crippled public hospitals across the country. Thousands of doctors in the country downed tools on December 5 to demand
Published 07 Jan, 2017 12:00am
Two US astronauts on spacewalk to upgrade ISS

Two US astronauts on spacewalk to upgrade ISS

Two American astronauts ventured outside the International Space Station on Friday to work on upgrading the orbiting outpost's electrical system. Americans Shane Kimbrough, the 49-year-old commander of the six-person crew aboard the ISS, and flight engine
Published 07 Jan, 2017 12:00am
Pakistan, Afghanistan urged to review APTTA

Pakistan, Afghanistan urged to review APTTA

Senior Vice President (SVP) of Pak-Afghan Joint Chamber of Commerce & Industry (PAJCCI) and president, Frontier Customs Agents Group (FCAG), Khyber Pakhtunkhwa, Zia-ul-Haq Sarhadi believed the bureaucracy of both Afghanistan and Pakistan are responsible f
Published 07 Jan, 2017 12:00am
Pemra seeks to improve its performance!

Pemra seeks to improve its performance!

Pakistan Electronic Media Regulatory Authority has launched "Code of Conduct: A Collective Responsibility" with the support of media houses to improve the performance of PEMRA. Chairman PEMRA Absar Alam announced the launch of the interactive learning pro
Published 07 Jan, 2017 12:00am
Prime Minister for bolstering Pak-Bahrain bilateral ties

Prime Minister for bolstering Pak-Bahrain bilateral ties

Prime Minister Nawaz Sharif on Friday said that Pakistan and Bahrain enjoy brotherly relations and stressed to further strengthen it in diverse fields. Talking to Pakistan's Ambassador to Bahrain Javaid Malik here at the PM House, the Prime Minister appre
Published 07 Jan, 2017 12:00am
Coast turns into comfort-zone for rare leatherback turtles

Coast turns into comfort-zone for rare leatherback turtles

Pakistan's coast has widely turned into a comfort-zone with a feed for the globally red-listed leatherback turtles that continue to confront deadly snarls across the Indus Swatch. Fishermen normally prefer disentangling any marine species trapped in their
Published 07 Jan, 2017 12:00am
Kashmir issue: Rabbani describes UN, OIC as silent spectators

Kashmir issue: Rabbani describes UN, OIC as silent spectators

Chairman Senate Mian Raza Rabbani here on Friday criticised lambasted international community and world bodies like United Nations (UN) and Organisation of the Islamic Co-operation (OIC) for acting as silent spectators on the Indian atrocities against the
Published 07 Jan, 2017 12:00am
Abbottabad crushing plants directed to suspend operations

Abbottabad crushing plants directed to suspend operations

Director General (DG) Environmental Protection Agency (EPA) has directed crush plants of Abbottabad for immediate stoppage of activities to attend proceedings in this connection at the office of the agency in the district on January 9, 2017.
Published 07 Jan, 2017 12:00am
Pesco surveillance team nabs 99 power pilferers

Pesco surveillance team nabs 99 power pilferers

On the directives of Chief Executive, Peshawar Electricity Supply Company (Pesco) Anwar UlHaq Yousafzai drive against illegal use of electricity has been accelerated throughout Khyber Pakhtunkhwa. In this connection a surveillance team under the supervisi
Published 07 Jan, 2017 12:00am
Pakistan to highlight Kashmir abuses at international forums: Tehmina

Pakistan to highlight Kashmir abuses at international forums: Tehmina

Permanent Representative of Pakistan to the UN Office in Geneva Tehmina Janjua has said that foreign office and various foreign missions of Pakistan are working to highlight the human rights abuses in occupied Kashmir at the international forums.
Published 07 Jan, 2017 12:00am
Peshawar bans sale of non-iodized salt

Peshawar bans sale of non-iodized salt

District Administration Peshawar has banned the sale of un-iodized salt and special teams will be formed to conduct visit to salt factories and take stern action against the violators of the ban. The decision was taken in a meeting held here with Acting D
Published 07 Jan, 2017 12:00am
US tanks, equipment arrives for Nato exercises in eastern Europe

US tanks, equipment arrives for Nato exercises in eastern Europe

Hundreds of US tanks, trucks and other military equipment arrived by ship in Germany on Friday to be transported by rail and road to eastern Europe as part of a Nato build-up that has drawn Russia's ire. Two shiploads arrived in the northern port of Breme
Published 07 Jan, 2017 12:00am
Thalys train fire halts Brussels-Paris line

Thalys train fire halts Brussels-Paris line

A fire in the engine of a Thalys high-speed train from Brussels to Paris on Friday has halted all traffic on the busy line, the company said. A Thalys spokeswoman said there were no reports of anyone being hurt in the incident, which happened close to the
Published 07 Jan, 2017 12:00am
Floods spark chaos in Thai south

Floods spark chaos in Thai south

Thai authorities on Friday warned of flash floods across the south as torrential rains lashed the region leaving at least eight people dead, delaying flights and disrupting holidays during peak tourist season. Nine provinces along Thailand's southern tail
Published 07 Jan, 2017 12:00am
Netanyahu welcomes US House vote on settlements

Netanyahu welcomes US House vote on settlements

Israeli Prime Minister Benjamin Netanyahu on Friday welcomed the US House of Representatives' condemnation of a UN reprimand of Israel's settlements in occupied Palestinian territories. "After the outrageous anti-Israel resolution at the UN, the US House
Published 07 Jan, 2017 12:00am
Russia starts scaling down Syria military deployment

Russia starts scaling down Syria military deployment

Russia's military said Friday it has begun scaling down its deployment to Syria, as the regime intensified its bombardment of a rebel-held district home to the capital's main water source. Moscow's intervention in September 2015 helped turn the tide in fa
Published 07 Jan, 2017 12:00am
South Africa backs Western Sahara independence

South Africa backs Western Sahara independence

South African President Jacob Zuma on Friday held talks in Pretoria with the leader of Western Sahara's Polisario Front independence movement, in a show of support for the territory's struggle against Morocco. Brahim Ghali was making his first visit to So
Published 07 Jan, 2017 12:00am
Europe saw huge decline in migrant arrivals in 2016: EU

Europe saw huge decline in migrant arrivals in 2016: EU

The number of migrants arriving in Europe by two main sea routes in 2016 plunged by almost two-thirds to 364,000 compared with the previous year, EU border agency Frontex said Friday. Frontex pointed to an EU border deal with Turkey which came into effect
Published 07 Jan, 2017 12:00am
'Mastermind' of Bangladesh cafe siege killed

'Mastermind' of Bangladesh cafe siege killed

Bangladeshi police shot dead an Islamist extremist accused of being one of the masterminds of last year's deadly siege at a cafe during a pre-dawn raid in Dhaka Friday.The bodies of Nurul Islam Marzan and another man said to have been behind the murder of
Published 07 Jan, 2017 12:00am
Iraq forces gain ground from IS in west

Iraq forces gain ground from IS in west

Baghdad's forces retook a series of villages from the Islamic State group in western Iraq as they fought to oust it from territory near the Syrian border, officers said Friday. The operation, which aims to recapture the towns of Rawa, Aanah and Al-Qaim -
Published 07 Jan, 2017 12:00am
At least 33 inmates killed in new Brazil prison unrest

At least 33 inmates killed in new Brazil prison unrest

At least 33 inmates were killed by their rivals at a prison in northern Brazil on Friday, officials said, days after a riot by warring gangs left dozens more dead at another prison. The government of Roraima state said the situation at the Agricola de Mon
Published 07 Jan, 2017 12:00am
I Coast troops seize arms, streets in pay protest

I Coast troops seize arms, streets in pay protest

Soldiers demanding more pay and housing protested in several cities around Ivory Coast on Friday, raiding arms depots and taking control of streets, residents and officials said. The government held a meeting of the National Crisis Committee to discuss th
Published 07 Jan, 2017 12:00am
Ukraine's military denies Russian hack attack

Ukraine's military denies Russian hack attack

Ukraine's military on Friday denied reports claiming Russia may have hacked targeting software for its heavy artillery in a breach that could have helped Moscow track and destroy Kiev's big guns. The cybersecurity firm CrowdStrike - the same one that disc
Published 07 Jan, 2017 12:00am
North Korea holds mass rally to push Kim's New Year message

North Korea holds mass rally to push Kim's New Year message

Thousands of North Koreans have rallied in Pyongyang, chanting communist slogans and vowing support for leader Kim Jong-Un, who in his New Year's message announced plans to test-fire a ballistic missile capable of reaching the US mainland. Clad in thick w
Published 07 Jan, 2017 12:00am
Aussies push for series clean sweep over Pakistan

Aussies push for series clean sweep over Pakistan

Australia were nine wickets away from a series clean sweep and Pakistan an improbable 410 runs from victory with one day left in the third Test in Sydney on Friday. Spinner Nathan Lyon grabbed the wicket of debutant opener Sharjeel Khan for 40, caught at
Published 07 Jan, 2017 12:00am
ICC World Cup Qualifier: Pakistan women cricket team announced

ICC World Cup Qualifier: Pakistan women cricket team announced

Pakistan Cricket Board (PCB) Friday 14-member women's cricket team to participate in the ICC Women World Cup Qualifier, 2017 from February 7 to February 21, 2017. Chairman PCB Shaharyar M. Khan has approved the team and 2 standbys picked up by the Women's
Published 07 Jan, 2017 12:00am
Ahsan & Co in main final of New Year Polo

Ahsan & Co in main final of New Year Polo

Ahsan & Co, outpaced Nurpur by 8-2, to qualify for the main final of the New Year Polo Cup 2017 here at the Lahore Polo Club (LPC) ground on Friday. Ahmed Ali Tiwana was star of the day as he struck fabulous five goals while Atif Yar Tiwana hammered a hat
Published 07 Jan, 2017 12:00am
Kohli crowned India ODI, T20 skipper

Kohli crowned India ODI, T20 skipper

Selectors appointed Virat Kohli as India's limited overs skipper Friday as the number one ranked Test side sets its sights on winning back its title as one-day cricket's world champions. Two days after India's most successful ever captain Mahendra Singh D
Published 07 Jan, 2017 12:00am
DIBP holds staff sports gala 2016

DIBP holds staff sports gala 2016

Dubai Islamic Bank Pakistan organised a staff gala for South region at Pavilion End Club, recently. The event was attended by 1500 staff members of the DIBP family across Southern Pakistan. The gala had various activities and sporting events for the staff
Published 07 Jan, 2017 12:00am
Younis wants to bat on for Pakistan

Younis wants to bat on for Pakistan

Pakistan great Younis Khan says he wants to carry on playing Test cricket for his country as he nears the summit of 10,000 Test runs. Younis, at 39, in the autumn of a trail-blazing 17-year playing career, reached another milestone with his first century
Published 07 Jan, 2017 12:00am
Tariq leads in Asghar Khan Amateur Golf

Tariq leads in Asghar Khan Amateur Golf

Former national team skipper and international golfer Tariq Mehmood of Pakistan Navy with his gross scores two over par 74 over 18-holes was the leader of the first-day in the 2nd Asghar Khan National Amateur Golf Championship, which got under way here ov
Published 07 Jan, 2017 12:00am
Munro belts New Zealand to T20 series win

Munro belts New Zealand to T20 series win

Colin Munro produced a masterclass of controlled aggression to smash 101 off 54 balls as New Zealand coasted to a 47-run win in the second Twenty20 against Bangladesh on Friday. The comprehensive victory at Mount Maunganui gave New Zealand an unbeatable 2
Published 07 Jan, 2017 12:00am
Aggressive Raonic downs Nadal

Aggressive Raonic downs Nadal

A more aggressive Milos Raonic moved into the semi-finals of the Brisbane International when he beat Spaniard Rafael Nadal in a high quality quarter-final on Friday. Raonic, the defending champion, came back from losing the first set to overhaul Nadal 4-6
Published 07 Jan, 2017 12:00am
Federer unable to stop French advance

Federer unable to stop French advance

A singles masterclass from Swiss champion Roger Federer wasn't enough to stop the French pairing of Richard Gasquet and Kristina Mladenovic winning through to the Hopman Cup final on Friday. Federer's comeback from injury gained momentum when he produced
Published 07 Jan, 2017 12:00am
Aussie, kiwi jump
Currency

Aussie, kiwi jump

The Australian and New Zealand dollars held near three-week highs on Friday as their US counterpart's bullish run came to a screeching halt, putting them on track for a strong start to the year. The Australian dollar was steady at $0.7330, having rallied
Published 07 Jan, 2017 12:00am
Sterling skids
Currency

Sterling skids

Sterling fell back against a dollar that was boosted by US labour market data on Friday but still ended the week slightly higher, riding out nerves about the British government's preparations for Brexit talks due to start in March. Prime Minister Theresa
Published 07 Jan, 2017 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee ended lower on Friday on dollar demand from importers, but the central bank's moral suasion continued to prevent further decline, even days after the monetary authority signalled a change in its intervention policy. Rupee forwards wer
Published 07 Jan, 2017 12:00am
Asia FX on track for weekly gains

Asia FX on track for weekly gains

Some Asian currencies edged higher on Friday, with the dollar weighed down by caution ahead of US jobs data, while the offshore Chinese yuan slipped back after a record two-day rally. The Malaysian ringgit and the Indonesian rupiah gained 0.2 percent, and
Published 07 Jan, 2017 12:00am
Offshore yuan set for biggest weekly gain
Currency

Offshore yuan set for biggest weekly gain

China's offshore yuan pared some of its sharp gains racked up this week, but is still on course for its biggest weekly rise after Beijing was suspected of pushing up overnight borrowing costs to discourage bearish bets on the currency. Both onshore and of
Published 07 Jan, 2017 12:00am
Dollar falls to three-week low in New York

Dollar falls to three-week low in New York

The dollar fell to a three-week low against a basket of major currencies on Thursday after US inflation and unemployment data failed to reverse a downtrend that followed some of the biggest gains on record for China's yuan. A rise in overnight borrowing c
Published 07 Jan, 2017 12:00am
Dollar inches up in Europe
Currency

Dollar inches up in Europe

The dollar clawed back ground on Friday but was heading for a second straight weekly loss, having tumbled the previous day on a rare piece of poor US data and apparent action by Chinese authorities to shore up the yuan. Most currencies were range trading
Published 07 Jan, 2017 12:00am
Dollar moves away from three-week low in Asia
Currency

Dollar moves away from three-week low in Asia

The dollar crawled up on Friday as the dust settled from its tumble overnight to a three-week low, although gains were limited ahead of the US non-farm payrolls due out later in the session. The dollar index against a basket of major currencies was up 0.1
Published 07 Jan, 2017 12:00am
FTSE posts record close to round off fifth straight weekly gain

FTSE posts record close to round off fifth straight weekly gain

Britain's top share index posted a record high close on Friday, rounding off its fifth straight week of gains, after US non-farm payrolls data showed fewer jobs than expected but growth in wages. The FTSE 100 index was up 14.74 points or 0.2 percent at 7,
Published 07 Jan, 2017 12:00am
Southeast Asian stocks end higher

Southeast Asian stocks end higher

Southeast Asian stock markets ended higher on Friday, as uncertainty over incoming President Donald Trump's policies weighed on the dollar and US bond yields, boosting risk appetite for emerging markets. The dollar's index against a basket of six major cu
Published 07 Jan, 2017 12:00am
Sri Lankan shares rise

Sri Lankan shares rise

Sri Lankan shares edged higher on Friday, ending a five-day losing streak and recovering from a nine-month low hit in the prior session as investors picked up battered down shares. Foreign investors turned net buyers on Friday after offloading shares for
Published 07 Jan, 2017 12:00am
European shares close up from lows after US jobs data

European shares close up from lows after US jobs data

European stocks rallied from lows on Friday after a stronger than anticipated increase in earnings in a flagship US jobs report made up for a weaker-than-forecast payrolls figure. The benchmark STOXX 600 index posted its best weekly performance since the
Published 07 Jan, 2017 12:00am
China stocks slip

China stocks slip

China stocks ended lower on Friday as the New Year rally showed signs of fatigue, with a stronger yuan lending little support to equities. The bluechip CSI300 index fell 0.6 percent, to 3,347.67 points, while the Shanghai Composite Index lost 0.4 percent
Published 07 Jan, 2017 12:00am
Treasury debt yields fall broadly

Treasury debt yields fall broadly

US Treasury debt yields dropped broadly on Thursday, falling for a third straight session, as investors grew uncertain about the incoming Trump administration and waited for more clarity about its policies before taking more positions. Yields should rise,
Published 07 Jan, 2017 12:00am
Treasury debt yields fall broadly

Treasury debt yields fall broadly

US Treasury debt yields dropped broadly on Thursday, falling for a third straight session, as investors grew uncertain about the incoming Trump administration and waited for more clarity about its policies before taking more positions. Yields should rise,
Published 07 Jan, 2017 12:00am
Indian shares lower

Indian shares lower

Indian shares ended down on Friday from a near two-month high hit earlier in the session, as a slump in IT shares on worries over H-1B visas outweighed positive sentiment from continued gains in Asian stocks. The Nifty IT index dropped 2.79 percent. The b
Published 07 Jan, 2017 12:00am
Australian shares up; New Zealand flat

Australian shares up; New Zealand flat

Australian shares closed showing a marginal upside bias that was enough to register a fourth consecutive day of gains on Friday, as advances in the telecom and financial sectors slightly outweighed declines in basic material and consumer stocks.
Published 07 Jan, 2017 12:00am
Nasdaq reaches record high, Macy's stirs retail fear

Nasdaq reaches record high, Macy's stirs retail fear

The Nasdaq squeaked out a record high close on Thursday thanks to Amazon.com, while deep drops in Macy's, Kohl's and other department stores weighed on the broader stock market. US stocks have wavered over the past three weeks following a strong surge in
Published 07 Jan, 2017 12:00am
Tokyo shares slip
Currency

Tokyo shares slip

Tokyo shares drifted lower on Friday as yen strength weighed on sentiment and following declines on Wall Street. Exporters faced pressure from the weaker dollar, while Toyota declined after US President-elect Donald Trump fired off a tweet threatening the
Published 07 Jan, 2017 12:00am
Hong Kong stocks score best week in three months

Hong Kong stocks score best week in three months

Hong Kong shares extended gains to end firmer on Friday, scoring its best week in three months, as capital outflow worries eased after the US dollar took a breather from its post-election rally. The benchmark Hang Seng index finished 0.2 percent higher, a
Published 07 Jan, 2017 12:00am
US job growth slows, but wages rebound strongly

US job growth slows, but wages rebound strongly

US employment increased less than expected in December but a rebound in wages pointed to sustained labour market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year. Nonfarm payrolls
Published 07 Jan, 2017 12:00am
Iran capitalises on Opec oil cut to sell millions of barrels

Iran capitalises on Opec oil cut to sell millions of barrels

Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalising on an Opec output cut deal from which it is exempted to regain market share and court new buyers, according to industry sources and data. In the past t
Published 07 Jan, 2017 12:00am
Australia trade surplus breaks long drought as exports boom

Australia trade surplus breaks long drought as exports boom

Australia boasted its first trade surplus in almost three years in November as surging commodity prices boosted export earnings beyond all expectations, a much-needed windfall that all but rules out the risk of recession for the resource-rich nation.
Published 07 Jan, 2017 12:00am
Booming jobs, trade numbers boost hopes for Canadian economy

Booming jobs, trade numbers boost hopes for Canadian economy

Canada posted unexpectedly strong jobs and trade numbers on Friday, a sign its sputtering economy might finally be recovering after two years of pain caused by lower crude oil prices. Statistics Canada said 53,700 net new jobs were added in December, all
Published 07 Jan, 2017 12:00am
Sri Lanka tourism hits record $3.5 billion in 2016

Sri Lanka tourism hits record $3.5 billion in 2016

Sri Lanka earned a record $3.5 billion from tourism in 2016, seven years after the end of a devastating civil war, a government minister said. But sources in the industry warned that the post-war boom could be short-lived as planned airport closures force
Published 07 Jan, 2017 12:00am
Canada not afraid of Trump-induced US investor flight

Canada not afraid of Trump-induced US investor flight

Canada's international trade minister said Thursday that pressure by US President-elect Donald Trump would not keep American firms from investing in Canada or prompt them to withdraw any investments already made. "The fact that Canada is now one of the co
Published 07 Jan, 2017 12:00am
Eurozone economic sentiment rises more than expected in December

Eurozone economic sentiment rises more than expected in December

Eurozone economic sentiment was much better than expected in December thanks to more optimism in France, Germany and the Netherlands and inflation expectations among consumers rose further, European Commission data showed on Friday. The Commission's month
Published 07 Jan, 2017 12:00am
Britain's productivity malaise persists into second half of 2016: ONS

Britain's productivity malaise persists into second half of 2016: ONS

British productivity struggled to break out of its post-financial crisis rut in the three months after June's vote to leave the European Union, highlighting the long-term economic challenges ahead, official figures showed on Friday. Robust growth in produ
Published 07 Jan, 2017 12:00am
EasyJet lifts passenger numbers to record

EasyJet lifts passenger numbers to record

Budget carrier EasyJet said Friday it transported a record 74.5 million passengers last year thanks to low oil prices and full planes, but it slipped further behind industry leader Ryanair. The 6.6 increase kept EasyJet in second place in Europe in terms
Published 07 Jan, 2017 12:00am
Cuba signs first exports to US in half a century

Cuba signs first exports to US in half a century

Two firms signed a deal Thursday for the first commercial exports in half a century from Cuba to the United States, a new step in the countries' historic rapprochement. Cuban company CubaExport signed an agreement to sell charcoal to US firm Coabana Tradi
Published 07 Jan, 2017 12:00am
US energy jobs rise for 1st time in over 2 years as oil rallies: BLS

US energy jobs rise for 1st time in over 2 years as oil rallies: BLS

US oil and natural gas production jobs increased in November for the first time in over two years as drillers returned to the well pad after crude rallied following its biggest price rout in a generation, according to US jobs data on Friday. Combined oil
Published 07 Jan, 2017 12:00am
Japan real wages fall, a worrying sign for private consumption

Japan real wages fall, a worrying sign for private consumption

Japanese wages dropped in November for the first time in nearly a year on an annual and inflation-adjusted basis, government data showed on Friday, a development likely to crimp private consumption. The decline was partly due to a fall in bonus payments i
Published 07 Jan, 2017 12:00am
Samsung Electronics forecasts Q4 profit at over three-year high
Currency

Samsung Electronics forecasts Q4 profit at over three-year high

Samsung Electronics Co Ltd said on Friday its fourth-quarter profit likely leapt 50 percent from a year earlier to its highest level in more than three years, beating expectations on strong chip sales and a smartphone rebound. The upbeat outlook comes des
Published 07 Jan, 2017 12:00am
Samsung Electronics forecasts Q4 profit at over three-year high
Currency

Samsung Electronics forecasts Q4 profit at over three-year high

Samsung Electronics Co Ltd said on Friday its fourth-quarter profit likely leapt 50 percent from a year earlier to its highest level in more than three years, beating expectations on strong chip sales and a smartphone rebound. The upbeat outlook comes des
Published 07 Jan, 2017 12:00am
Credit Suisse blocks attempt by Jefferies to lure bankers

Credit Suisse blocks attempt by Jefferies to lure bankers

Credit Suisse said it has blocked an attempt by Jefferies to lure a number of its senior bankers. Of eight bankers who had agreed to move to Jefferies, five are remaining at the Swiss bank, said Credit Suisse spokeswoman Nicole Sharp. They include Jonatha
Published 07 Jan, 2017 12:00am
LG Electronics estimates first quarterly operating loss in 6 years

LG Electronics estimates first quarterly operating loss in 6 years

South Korea's LG Electronics Inc estimated on Friday it fell to its first quarterly operating loss in six years in October-December, a drop that analysts pinned on continued mobile losses and seasonally weaker appliances sales. The world's second-biggest
Published 07 Jan, 2017 12:00am
LG Electronics estimates first quarterly operating loss in 6 years

LG Electronics estimates first quarterly operating loss in 6 years

South Korea's LG Electronics Inc estimated on Friday it fell to its first quarterly operating loss in six years in October-December, a drop that analysts pinned on continued mobile losses and seasonally weaker appliances sales. The world's second-biggest
Published 07 Jan, 2017 12:00am
India braces for growth chill after Modi's cash crackdown
Currency

India braces for growth chill after Modi's cash crackdown

India on Friday predicted robust economic growth in the fiscal year that ends in March, but without fully accounting for the disruption caused by Prime Minister Narendra Modi's decision to abolish high-value old currency bills. Gross domestic product (GDP
Published 07 Jan, 2017 12:00am
China says hit with record retaliatory trade measures in 2016

China says hit with record retaliatory trade measures in 2016

China was hit with a record number of retaliatory trade measures last year, the Ministry of Commerce said on Thursday, with countries around the world claiming it had flooded global markets with cheap steel and other products. "Trade disputes are becoming
Published 07 Jan, 2017 12:00am
Renault-Nissan doubles down on autonomous cars

Renault-Nissan doubles down on autonomous cars

Renault-Nissan chief Carlos Ghosn told a tech gathering Thursday the automaker is committed to self-driving cars, as he unveiled a series of initiatives to advance the technology. Speaking at the Consumer Electronics Show in Las Vegas, Ghosn said the Fran
Published 07 Jan, 2017 12:00am
Argentina to cut soyabean export tax to 18 percent by 2020
Currency

Argentina to cut soyabean export tax to 18 percent by 2020

Argentina will start cutting its soyabean export tax by 0.5 percentage point every month for two years starting in January 2018, resulting in a 12-point reduction to 18 percent by the end of 2019, the government said in a decree on Monday.
Published 07 Jan, 2017 12:00am
Gold slips in Europe

Gold slips in Europe

Gold slipped on Friday from the previous day's one-month high as the dollar strengthened against a basket of currencies, lifted by US non-farm payrolls data that showed a slowing in hiring last month but an increase in wages. The report supported the view
Published 07 Jan, 2017 12:00am
Gold slips in Asia

Gold slips in Asia

Gold on Friday slipped from the one-month high touched in the previous session on a surge in dollar, with traders waiting for US jobs data later in the day for clues on the pace of possible US interest rate hikes this year. Spot gold eased 0.3 percent to
Published 07 Jan, 2017 12:00am
Gold jumps in New York

Gold jumps in New York

Gold rose to its highest price in one month on Thursday as the dollar slipped further below a 14-year peak hit earlier this week, while palladium turned lower after extending this week's steep gains to a four-week high. Spot gold rose as much as 1.85 perc
Published 07 Jan, 2017 12:00am
Cocoa climbs on armed uprising in Ivory Coast, sugar slips

Cocoa climbs on armed uprising in Ivory Coast, sugar slips

Cocoa prices rose on Friday as disgruntled soldiers seized control of the second largest city in the world's top grower Ivory Coast, prompting a wave of short covering. Dealers said the unrest appeared to be spreading with reports that gunfire had erupted
Published 07 Jan, 2017 12:00am
Malaysian palm oil tumbles
Currency

Malaysian palm oil tumbles

Malaysian palm oil futures saw a third straight session of declines on Friday evening, hitting their lowest in two weeks, as weaker performing rival oils and a stronger ringgit weighed on prices. Benchmark palm oil futures for March delivery on the Bursa
Published 07 Jan, 2017 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures extended declines on Friday tracking weak Shanghai futures despite a slight recovery in the dollar against the yen. Tokyo Commodity Exchange (TOCOM) futures have fallen from a 3-1/2-year peak of 291.7 yen hit on December 16.
Published 07 Jan, 2017 12:00am
Copper steadies as traders digest strong US payrolls

Copper steadies as traders digest strong US payrolls

Copper steadied on Friday as investors squared positions after a strong US payrolls report, even as they kept an eye on a stronger dollar and tried to gauge to what extent the recovery in China and United States had been priced in. US employment increased
Published 07 Jan, 2017 12:00am
Shanghai copper down

Shanghai copper down

The most-traded copper contract on the Shanghai Futures Exchange (ShFE) was down 1.09 percent at 45,350 yuan ($6,539) a tonne on Friday. Shanghai aluminium was down 1 percent at 12,510 yuan, while ShFE zinc lost 1 percent to 21,215 yuan. "The market is ge
Published 07 Jan, 2017 12:00am
Cotton slips on profit-taking after marking five-month high
Cotton

Cotton slips on profit-taking after marking five-month high

ICE cotton futures hit a near-five month high on Thursday before settling marginally lower, pulled down by a bout of profit-taking. The March cotton contract on ICE Futures US breached the key 75 cent level for the first time since August 9 and hit a sess
Published 07 Jan, 2017 12:00am
US Midwest corn bids rise

US Midwest corn bids rise

Spot basis bids for corn were up 1-2 cents per bushel at rail markets in the eastern half of the US Midwest on Wednesday as a slow pace of farmer sales left supplies tight for some ethanol makers and animal feeders, grain merchants said. Farmers sold smal
Published 07 Jan, 2017 12:00am
Canadian canola futures climb

Canadian canola futures climb

ICE Canadian canola futures climbed on Wednesday, bouncing off a 2-1/2-month low on spillover support from US soybeans and soyoil. March canola added $3.50 at $503.60 per tonne dipped earlier as low as $497.10, the lowest most active price since mid-Octob
Published 07 Jan, 2017 12:00am
Cotton prices firmer on restricted buying
Cotton

Cotton prices firmer on restricted buying

Rates were firm on the cotton market on Friday in the process of restricted buying by mills and spinners, dealers said. The official spot rate was unchanged at Rs 6300, dealers said. In Sindh, seed cotton prices were unmoved at Rs 2800-3350, they said. In
Published 07 Jan, 2017 12:00am
Activities of Karachi and Qasim ports

Activities of Karachi and Qasim ports

The Karachi Port handled 181,014 tonnes of cargo comprising 151,054 tonnes of import cargo and 29,960 tonnes of export cargo including 5,897 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 151
Published 07 Jan, 2017 12:00am
US natural gas futures fall to two-week low

US natural gas futures fall to two-week low

US natural gas futures slipped to a fresh two-week low on Wednesday on steady warmer-than-normal forecasts for the next two weeks after plunging more than 10 percent on Tuesday. Front-month gas futures for February delivery on the New York Mercantile Exch
Published 07 Jan, 2017 12:00am
US FOB Gulf grain offers unchanged

US FOB Gulf grain offers unchanged

Export premiums for corn, soyabeans and wheat shipped from the US Gulf Coast were about unchanged on Wednesday amid relatively routine demand and sufficient supplies, traders said. Top soya importer China inquired about a cargo of soyabeans shipped in Feb
Published 07 Jan, 2017 12:00am
CBOT wheat futures rise on technical buying

CBOT wheat futures rise on technical buying

Chicago Board of Trade soft red winter wheat futures rose 2.8 percent on Wednesday, closing near session highs as technical buyers stepped into the market after prices rallied through key resistance points. The wheat market initially rose on worsening cro
Published 07 Jan, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Thursday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,104. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 5.44 billion and the number of lots traded was 13,167.
Published 07 Jan, 2017 12:00am
EU wheat futures rise to five-week high

EU wheat futures rise to five-week high

Euronext wheat futures edged higher on Wednesday to set a new five-week high, supported by a bounce in Chicago markets and hopes that European Union origins will dominate a latest tender by major importer Algeria. Gains were limited by a rebound in the eu
Published 07 Jan, 2017 12:00am
KARACHI CHRONICLE: Books for children

KARACHI CHRONICLE: Books for children

In the west E-books have not diminished the demand for printed books. Producing books for children is a thriving business as the electronic medium cannot compete with a book printed on paper. The popularity of books as birthday or Christmas present keeps
Published 07 Jan, 2017 12:00am
ART FACTS: Surrealistic silhouettes

ART FACTS: Surrealistic silhouettes

Every time I am invited by artist Maqbool Ahmed at an exhibition of his new series of paintings I got surprise by his new creative elegance. He always showed his inventive brilliance in his unprecedented artworks and brought out something new creatively i
Published 07 Jan, 2017 12:00am
Why some artists no longer want to be famous

Why some artists no longer want to be famous

I love being famous," the black US comedian Chris Rock once quipped. "It's almost like being white." But a growing number of artists would rather have success without the encumbrance of fame. From the street artist Banksy to the Italian literary phenomeno
Published 07 Jan, 2017 12:00am
Waking up from its antibiotics binge, world races to avert disaster

Waking up from its antibiotics binge, world races to avert disaster

Antibiotics not only heal infections: They also staunch bleeding after childbirth; help cleanse people living in dirty cities; and protect those who work with animals. Or at least that's what many people in Kabul believe. Doris Burtscher, an Austrian anth
Published 07 Jan, 2017 12:00am
The butler is back: an age-old tradition finds new global clientele

The butler is back: an age-old tradition finds new global clientele

You can tell immediately from David Betker's black tailcoat, white gloves and silver tray that he's a cut or three above your average domestic service employee. Courteously introducing himself as "just David", his bearing makes it clear: he's pursuing the
Published 07 Jan, 2017 12:00am
Dog fight: Start-ups take aim at errant drones

Dog fight: Start-ups take aim at errant drones

A boom in consumer drone sales has spawned a counter-industry of start-ups aiming to stop drones flying where they shouldn't, by disabling them or knocking them out of the sky. Dozens of start-up firms are developing techniques - from deploying birds of p
Published 07 Jan, 2017 12:00am
Tips from Spain's centenarians on how to live to 100

Tips from Spain's centenarians on how to live to 100

With more than 100,000 people aged 100 or over, Spain is the country with the greatest life expectancy after Japan, OECD data and the latest population census shows. Over a year, Reuters photographer Andrea Comas interviewed and photographed Spaniards age
Published 07 Jan, 2017 12:00am
Fewer deaths and complications with female physicians?

Fewer deaths and complications with female physicians?

Elderly hospital patients may be less likely to die prematurely or be readmitted for serious complications when they're treated by female physicians, a US study suggests. With female doctors, patients had 4 percent lower odds of dying within a month after
Published 07 Jan, 2017 12:00am