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Archive - 2017-01-15
Imran should produce evidences in court: Marriyum Aurangzeb
Front Top News

Imran should produce evidences in court: Marriyum Aurangzeb

ISLAMABAD: Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb said on Sunday that PTI chairman Imran Khan instead of levelling baseless allegations in public meetings, should come up with evidences in the court.
Published 15 Jan, 2017 04:07pm
Pak Naval chief calls on his Bahraini counterpart
Front Top News

Pak Naval chief calls on his Bahraini counterpart

KARACHI: Chief of the Naval Staff Admiral Muhammad Zakaullah who is on an official visit to Bahrain, called on Commander Royal Bahrain Naval Force, Rear Admiral Sheikh Khalifa Bin Abdullah Al Khalifa.
Published 15 Jan, 2017 04:06pm
Stand-in captain Hafeez leads Pakistan to Melbourne win
Cricket

Stand-in captain Hafeez leads Pakistan to Melbourne win

MELBOURNE: Pakistan's stand-in captain Mohammad Hafeez hit a fighting fifty to set up a comprehensive six-wicket victory against Australia in the second one-day international on Sunday that levelled the five-match series.
Published 15 Jan, 2017 12:20pm
Roadside bomb kills seven Afghan civilians: officials
World Top News

Roadside bomb kills seven Afghan civilians: officials

JALALABAD: At least seven civilians, including a women and three children, were killed when their truck hit a roadside bomb in eastern Afghanistan on Sunday, officials said.
Published 15 Jan, 2017 11:39am
Pakistan beat Australia in 2nd ODI
Pakistan Top News

Pakistan beat Australia in 2nd ODI

MELBOURNE: Pakistan beat Australia by six wickets in the second one-day international at the Melbourne Cricket Ground on Sunday, their first ODI win on Australian soil for 12 years.
Published 15 Jan, 2017 11:31am
Divided European Parliament to elect new president
Europe

Divided European Parliament to elect new president

BRUSSELS: The European Parliament faces a stormy election for a new president on Tuesday after a long-standing coalition of pro-EU parties collapsed just as the crisis-hit bloc confronts a wave of eurosceptic populism.
Published 15 Jan, 2017 11:25am
Top-ranked Kerber admits pressure on in Slam defence
Sports

Top-ranked Kerber admits pressure on in Slam defence

MELBOURNE: Angelique Kerber admitted being world number one has piled on the pressure and said she is trying to shut out the noise as she attempts to defend a Grand Slam title for the first time at the Australian Open.
Published 15 Jan, 2017 11:21am
Cricket: Australia squad for India Test tour
Cricket

Cricket: Australia squad for India Test tour

MELBOURNE: Australia's 16-man squad for the four-Test series in India:%Dustralia - Steve Smith (capt), David Warner, Ashton Agar, Jackson Bird, Peter Handscomb, Josh Hazlewood, Usman Khawaja, Nathan Lyon, Mitchell Marsh, Shaun Marsh, Glenn Maxwell, St
Published 15 Jan, 2017 10:43am
Democrats not attending Trump's inauguration
North America

Democrats not attending Trump's inauguration

WASHINGTON: A growing number of Democratic lawmakers have announced they will not attend Republican Donald Trump's presidential inauguration on Friday, several of them in the wake of Trump's attack on civil rights icon John Lewis on Saturday.
Published 15 Jan, 2017 10:38am
Trump unleashes attack on US civil rights icon
North America

Trump unleashes attack on US civil rights icon

WASHINGTON: President-elect Donald Trump lashed out Saturday at a prominent civil rights icon and lawmaker who said he is skipping next week's inauguration ceremony because he sees the New York businessman's election as illegitimate.
Published 15 Jan, 2017 10:31am
Amazon's Gandhi flip-flops spark anger in India
Asia

Amazon's Gandhi flip-flops spark anger in India

NEW DELHI: Flip-flops bearing the face of India's independence icon Mahatma Gandhi for sale on Amazon triggered fresh outrage Sunday, days after the e-retail giant was forced to stop selling Indian flag doormats.
Published 15 Jan, 2017 08:55am
Murray takes aim at Aussie Open jinx
Sports

Murray takes aim at Aussie Open jinx

MELBOURNE: Andy Murray sets out Monday to end a record run of Australian Open final defeats as his great rival Novak Djokovic vies to become the tournament's greatest champion of all-time.
Published 15 Jan, 2017 08:11am
Britain may change economic model if shut out of EU single market: Hammond
Pakistan Top News

Britain may change economic model if shut out of EU single market: Hammond

BERLIN: Britain could change its economic model to regain competitiveness if it were to leave the European Union without an agreement on market access, British finance minister Phillip Hammond said in a German newspaper interview published on Sunday.
Published 15 Jan, 2017 07:44am
India boat accident toll rises to 26, more dead feared
Pakistan Top News

India boat accident toll rises to 26, more dead feared

NEW DELHI: The death toll from a boat accident in eastern India rose to 26 on Sunday, a senior official said, warning of more casualties with rescue workers still scouring the waters.
Published 15 Jan, 2017 07:10am
Beijing warns Trump: One China 'not negotiable'
Front Top News

Beijing warns Trump: One China 'not negotiable'

BEIJING: Beijing on Saturday warned the US that the One China policy was non-negotiable, after Donald Trump suggested he could abandon the decades-old diplomatic principle and boost ties with Taiwan.
Published 15 Jan, 2017 06:00am
Pain-hit Nadal not giving up on Grand Slam dream
Sports

Pain-hit Nadal not giving up on Grand Slam dream

MELBOURNE: Rafael Nadal on Sunday revealed his battle against chronic pain but said he was hopeful of keeping his Grand Slam career alive as he launches his partnership with new coach Carlos Moya.
Published 15 Jan, 2017 05:57am
Trump planning Iceland summit with Putin: report
World Top News

Trump planning Iceland summit with Putin: report

LONDON: US President-elect Donald Trump plans to hold a summit with Russian leader Vladimir Putin on his first foreign trip shortly after taking office, the Sunday Times reported.
Published 15 Jan, 2017 05:55am
I'm no favourite, insists hotly tipped Pliskova
Sports

I'm no favourite, insists hotly tipped Pliskova

MELBOURNE: Karolina Pliskova is seen as a dangerous floater heading into this week's Australian Open and she says it is the tournament that offers the best chance for a maiden Grand Slam title.
Published 15 Jan, 2017 05:55am
'Nisar as spokesman of terrorist outfits'

'Nisar as spokesman of terrorist outfits'

Pakistan People's Party (PPP) Senator, Saeed Ghani responding to the press conference by Interior Minister Chaudhry Nisar Ali Khan has said that his party's stance proved correct that Chaudhry Nisar Ali Khan is the biggest hurdle in implementation of Nati
Published 15 Jan, 2017 12:00am
Rain-related incidents claim five lives

Rain-related incidents claim five lives

Intermittent rainfall continues in Karachi on Saturday, as the mercury goes down in the city, killing five people and injuring several others in various incidents on Saturday. The port city received its first rainfall of the winter season on Friday aftern
Published 15 Jan, 2017 12:00am
Rain-related incidents claim five lives

Rain-related incidents claim five lives

Intermittent rainfall continues in Karachi on Saturday, as the mercury goes down in the city, killing five people and injuring several others in various incidents on Saturday. The port city received its first rainfall of the winter season on Friday aftern
Published 15 Jan, 2017 12:00am
Business activities paralysed

Business activities paralysed

Heavy rains have virtually paralyzed industrial and trading activities in the city. Industrialists said production activities in the industrial estates plunged by 50-80 percent on Saturday. The rain marred business and production activities amid power out
Published 15 Jan, 2017 12:00am
Business activities paralysed

Business activities paralysed

Heavy rains have virtually paralyzed industrial and trading activities in the city. Industrialists said production activities in the industrial estates plunged by 50-80 percent on Saturday. The rain marred business and production activities amid power out
Published 15 Jan, 2017 12:00am
Business activities paralysed

Business activities paralysed

Heavy rains have virtually paralyzed industrial and trading activities in the city. Industrialists said production activities in the industrial estates plunged by 50-80 percent on Saturday. The rain marred business and production activities amid power out
Published 15 Jan, 2017 12:00am
Civic bodies blame each other for poor drainage system

Civic bodies blame each other for poor drainage system

City civic authorities accused Karachi Water and Sewerage Board (KWSB) of poor water drainage infrastructure that had left Karachi Metropolitan Corporation (KMC) and its allied bodies helpless to deal with intermittent spells of winter rain.
Published 15 Jan, 2017 12:00am
Civic bodies blame each other for poor drainage system

Civic bodies blame each other for poor drainage system

City civic authorities accused Karachi Water and Sewerage Board (KWSB) of poor water drainage infrastructure that had left Karachi Metropolitan Corporation (KMC) and its allied bodies helpless to deal with intermittent spells of winter rain.
Published 15 Jan, 2017 12:00am
SECP issues Share Registrars & Ballotters Regulations

SECP issues Share Registrars & Ballotters Regulations

The minimum paid-up capital of Rs 3 million has been fixed by the Securities and Exchange Commission of Pakistan (SECP) for grant of licence to any public limited or private limited company for working as share registrar and ballotter.
Published 15 Jan, 2017 12:00am
SECP issues Share Registrars & Ballotters Regulations

SECP issues Share Registrars & Ballotters Regulations

The minimum paid-up capital of Rs 3 million has been fixed by the Securities and Exchange Commission of Pakistan (SECP) for grant of licence to any public limited or private limited company for working as share registrar and ballotter.
Published 15 Jan, 2017 12:00am
SECP issues Share Registrars & Ballotters Regulations

SECP issues Share Registrars & Ballotters Regulations

The minimum paid-up capital of Rs 3 million has been fixed by the Securities and Exchange Commission of Pakistan (SECP) for grant of licence to any public limited or private limited company for working as share registrar and ballotter.
Published 15 Jan, 2017 12:00am
Food inflation stood at 3 percent in December, ECC told

Food inflation stood at 3 percent in December, ECC told

A meeting of the Economic Coordination Committee (ECC) of the Cabinet has been informed that food inflation with contribution of 1.1 percentage points and non-food inflation with 2.6 percentage points were major drivers of headline inflation in December,
Published 15 Jan, 2017 12:00am
Food inflation stood at 3 percent in December, ECC told

Food inflation stood at 3 percent in December, ECC told

A meeting of the Economic Coordination Committee (ECC) of the Cabinet has been informed that food inflation with contribution of 1.1 percentage points and non-food inflation with 2.6 percentage points were major drivers of headline inflation in December,
Published 15 Jan, 2017 12:00am
Food inflation stood at 3 percent in December, ECC told

Food inflation stood at 3 percent in December, ECC told

A meeting of the Economic Coordination Committee (ECC) of the Cabinet has been informed that food inflation with contribution of 1.1 percentage points and non-food inflation with 2.6 percentage points were major drivers of headline inflation in December,
Published 15 Jan, 2017 12:00am
Merkel warns Trump against protectionism

Merkel warns Trump against protectionism

German Chan-cellor Angela Merkel warned Saturday against protectionist tendencies of US President-elect Donald Trump, citing lessons learned in the 2008 global financial crash and stressing the need to "move forward together".
Published 15 Jan, 2017 12:00am
Merkel warns Trump against protectionism

Merkel warns Trump against protectionism

German Chan-cellor Angela Merkel warned Saturday against protectionist tendencies of US President-elect Donald Trump, citing lessons learned in the 2008 global financial crash and stressing the need to "move forward together".
Published 15 Jan, 2017 12:00am
Merkel warns Trump against protectionism

Merkel warns Trump against protectionism

German Chan-cellor Angela Merkel warned Saturday against protectionist tendencies of US President-elect Donald Trump, citing lessons learned in the 2008 global financial crash and stressing the need to "move forward together".
Published 15 Jan, 2017 12:00am
Rs 292.31 billion released under PSDP

Rs 292.31 billion released under PSDP

The government has released Rs 292.31 billion (36.5 per cent), including Rs 69.88 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the total budget allocation of Rs 800 billion.
Published 15 Jan, 2017 12:00am
Rs 292.31 billion released under PSDP

Rs 292.31 billion released under PSDP

The government has released Rs 292.31 billion (36.5 per cent), including Rs 69.88 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the total budget allocation of Rs 800 billion.
Published 15 Jan, 2017 12:00am
Rs 292.31 billion released under PSDP

Rs 292.31 billion released under PSDP

The government has released Rs 292.31 billion (36.5 per cent), including Rs 69.88 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the total budget allocation of Rs 800 billion.
Published 15 Jan, 2017 12:00am
US Senate intel panel plans probe into Russia spying

US Senate intel panel plans probe into Russia spying

The Senate Intelligence Committee on Friday announced a probe into Russian spying, saying US intelligence reports of Moscow's interference in the 2016 election and possible ties to US parties "raise profound concerns."
Published 15 Jan, 2017 12:00am
US Senate intel panel plans probe into Russia spying

US Senate intel panel plans probe into Russia spying

The Senate Intelligence Committee on Friday announced a probe into Russian spying, saying US intelligence reports of Moscow's interference in the 2016 election and possible ties to US parties "raise profound concerns."
Published 15 Jan, 2017 12:00am
Congress approves first step for repealing Obamacare

Congress approves first step for repealing Obamacare

The US House of Representatives on Friday joined the Senate in passing a critical measure that marks the first major step toward repealing outgoing President Barack Obama's landmark but controversial health care reforms.
Published 15 Jan, 2017 12:00am
Congress approves first step for repealing Obamacare

Congress approves first step for repealing Obamacare

The US House of Representatives on Friday joined the Senate in passing a critical measure that marks the first major step toward repealing outgoing President Barack Obama's landmark but controversial health care reforms.
Published 15 Jan, 2017 12:00am
Over 90 protesters killed in IoK crackdown in 2016: HRW report

Over 90 protesters killed in IoK crackdown in 2016: HRW report

Global rights watchdog, Human Rights Watch (HRW), has said that a crackdown on protests in Indian Occupied Kashmir (IoK) beginning in July 2016 killed over 90 people and injured hundreds, fuelling further discontent against Indian forces.
Published 15 Jan, 2017 12:00am
PTI to ramp up public campaign against government

PTI to ramp up public campaign against government

Pakistan Tehreek-e-Insaf (PTI) decided on Saturday to ramp up its public campaign against the ruling Pakistan Muslim League-Nawaz (PML-N) government, besides pleading the Panama case against Sharif family in the Supreme Court.
Published 15 Jan, 2017 12:00am
PPP announces anti-government movement from January 19

PPP announces anti-government movement from January 19

Pakistan People's Party (PPP) on Saturday announced to launch an anti-government protest movement from January 19. President of PPP-Punjab Qamar Zaman Kaira has said that the federal government failed to accept People's Party Chairman Bilawal Bhutto Zarda
Published 15 Jan, 2017 12:00am
PPP announces anti-government movement from January 19

PPP announces anti-government movement from January 19

Pakistan People's Party (PPP) on Saturday announced to launch an anti-government protest movement from January 19. President of PPP-Punjab Qamar Zaman Kaira has said that the federal government failed to accept People's Party Chairman Bilawal Bhutto Zarda
Published 15 Jan, 2017 12:00am
30 dead as IS attacks city in east Syria

30 dead as IS attacks city in east Syria

The Islamic State group launched a ferocious assault Saturday on a city in eastern Syria, leaving more than 30 jihadists and regime fighters dead, a monitoring group said.
Published 15 Jan, 2017 12:00am
30 dead as IS attacks city in east Syria

30 dead as IS attacks city in east Syria

The Islamic State group launched a ferocious assault Saturday on a city in eastern Syria, leaving more than 30 jihadists and regime fighters dead, a monitoring group said.
Published 15 Jan, 2017 12:00am
PC asks PTCL to arrange audit by AGP

PC asks PTCL to arrange audit by AGP

Privatisation Commission (PC) has asked the management of Pakistan Telecommunication Company Limited (PTCL) to arrange the audit of the company by the Auditor General of Pakistan (AGP).
Published 15 Jan, 2017 12:00am
PC asks PTCL to arrange audit by AGP

PC asks PTCL to arrange audit by AGP

Privatisation Commission (PC) has asked the management of Pakistan Telecommunication Company Limited (PTCL) to arrange the audit of the company by the Auditor General of Pakistan (AGP).
Published 15 Jan, 2017 12:00am
PC asks PTCL to arrange audit by AGP

PC asks PTCL to arrange audit by AGP

Privatisation Commission (PC) has asked the management of Pakistan Telecommunication Company Limited (PTCL) to arrange the audit of the company by the Auditor General of Pakistan (AGP).
Published 15 Jan, 2017 12:00am
MPs demand Brexit plan by mid-February, urge transitional deal

MPs demand Brexit plan by mid-February, urge transitional deal

An influential group of MPs called on Prime Minister Theresa May Saturday to publish by mid-February her plans for leaving the EU, and urged her to prepare for a transitional deal to limit uncertainty for business.
Published 15 Jan, 2017 12:00am
MPs demand Brexit plan by mid-February, urge transitional deal

MPs demand Brexit plan by mid-February, urge transitional deal

An influential group of MPs called on Prime Minister Theresa May Saturday to publish by mid-February her plans for leaving the EU, and urged her to prepare for a transitional deal to limit uncertainty for business.
Published 15 Jan, 2017 12:00am
Sudan says 'secret' talks led to US easing sanctions

Sudan says 'secret' talks led to US easing sanctions

Sudan's Foreign Minister Ibrahim Ghandour on Saturday said "secret" talks between American and Sudanese officials led to the easing of US sanctions on his country.US President Barack Obama on Friday announced the lifting of some economic sanctions, trying
Published 15 Jan, 2017 12:00am
Sudan says 'secret' talks led to US easing sanctions

Sudan says 'secret' talks led to US easing sanctions

Sudan's Foreign Minister Ibrahim Ghandour on Saturday said "secret" talks between American and Sudanese officials led to the easing of US sanctions on his country.US President Barack Obama on Friday announced the lifting of some economic sanctions, trying
Published 15 Jan, 2017 12:00am
Seagate to cut more than 2,000 China jobs: reports

Seagate to cut more than 2,000 China jobs: reports

US hard-disk drive manufacturer Seagate Technology will lay off more than 2,000 Chinese workers as it shutters a factory in eastern China, reports said Saturday, prompting anger among employees. The factory, one of two operated by Seagate in China, is bas
Published 15 Jan, 2017 12:00am
Seagate to cut more than 2,000 China jobs: reports

Seagate to cut more than 2,000 China jobs: reports

US hard-disk drive manufacturer Seagate Technology will lay off more than 2,000 Chinese workers as it shutters a factory in eastern China, reports said Saturday, prompting anger among employees. The factory, one of two operated by Seagate in China, is bas
Published 15 Jan, 2017 12:00am
Seagate to cut more than 2,000 China jobs: reports

Seagate to cut more than 2,000 China jobs: reports

US hard-disk drive manufacturer Seagate Technology will lay off more than 2,000 Chinese workers as it shutters a factory in eastern China, reports said Saturday, prompting anger among employees. The factory, one of two operated by Seagate in China, is bas
Published 15 Jan, 2017 12:00am
Seagate to cut more than 2,000 China jobs: reports

Seagate to cut more than 2,000 China jobs: reports

US hard-disk drive manufacturer Seagate Technology will lay off more than 2,000 Chinese workers as it shutters a factory in eastern China, reports said Saturday, prompting anger among employees. The factory, one of two operated by Seagate in China, is bas
Published 15 Jan, 2017 12:00am
Anti-Trump protesters head to Washington

Anti-Trump protesters head to Washington

Hundreds of thousands of people are expected to attend Donald Trump's inauguration, but hundreds of thousands of protesters are also expected in Washington next week to vent their frustration over his election win.
Published 15 Jan, 2017 12:00am
Anti-Trump protesters head to Washington

Anti-Trump protesters head to Washington

Hundreds of thousands of people are expected to attend Donald Trump's inauguration, but hundreds of thousands of protesters are also expected in Washington next week to vent their frustration over his election win.
Published 15 Jan, 2017 12:00am
UN rebuffs Indian move

UN rebuffs Indian move

As the Kashmiris' heroic fight for freedom gained momentum in 2016, New Delhi responded with matching brutalization. Its troops killed 303 Kashmiri protestors, including 42 teenagers. Thousands more were injured, while hundreds lost their eyesight to the
Published 15 Jan, 2017 12:00am
'Zarb-e-Qalam'

'Zarb-e-Qalam'

Addressing the "Fourth International Conference on Language, Literature and Society" at the Academy of Letters, Prime Minister Nawaz Sharif said, "just like operation Zarb-e-Azb there is a dire need for Zarb-e-Qalam [strike of the pen]", and that he belie
Published 15 Jan, 2017 12:00am
For transparent recruitment

For transparent recruitment

Although jobs in the private sector are more lucrative in terms of salaries, the lure for government service still remains irresistible. The obvious reason for that is of course security of job. But no less tempting are the less-open-and- more-hidden frin
Published 15 Jan, 2017 12:00am
Brick kiln industry

Brick kiln industry

Brick kiln industry is notorious for bonded labour issue. Much has been written and legislated about it. In this article, I would like to take a more comprehensive look into this sector in terms of following three issues: (i) bonded labour; (ii) pollution
Published 15 Jan, 2017 12:00am
Trump's war on offshoring jobs easier said than done

Trump's war on offshoring jobs easier said than done

In his high-profile battle against offshoring US jobs, President-elect Donald Trump has threatened Mexico, China and multinational corporations with punitive tariffs and retaliation.
Published 15 Jan, 2017 12:00am
The challenge of refunds

The challenge of refunds

This is apropos a Business Recorder news item "OICCI makes Rs 45bn tax refund claims" carried by the newspaper on Friday. According to it, the Overseas Investors Chamber of Commerce and Industry (OICCI) has approached the Federal Board of Revenue (FBR) se
Published 15 Jan, 2017 12:00am
Bypassing Obama, Russia invited Trump team to Syria talks

Bypassing Obama, Russia invited Trump team to Syria talks

Russia has invited Donald Trump's incoming administration to attend upcoming Syrian peace talks in Kazakhstan, The Washington Post reported Friday, bypassing the Obama administration which has been notably absent from the process.
Published 15 Jan, 2017 12:00am
Five migrants die in Mediterranean, 750 rescued

Five migrants die in Mediterranean, 750 rescued

Rescuers saved around 750 migrants from rubber and wooden boats in the central Mediterranean but recovered five dead bodies during the operations, the Italian coastguard said on Saturday.
Published 15 Jan, 2017 12:00am
Poles welcome US troops as NATO eyes Russia

Poles welcome US troops as NATO eyes Russia

Polish authorities and ordinary Poles welcomed Saturday US troops who arrived this week as part of an unprecedented deployment to NATO's eastern flank aimed at deterring Russia.
Published 15 Jan, 2017 12:00am
Abbas warns over Trump US Israel embassy move

Abbas warns over Trump US Israel embassy move

Palestinian president Mahmud Abbas warned Saturday that moving the US embassy in Israel to Jerusalem would deal a huge blow to hopes for Middle East peace.
Published 15 Jan, 2017 12:00am
Gambian crisis takes centre stage at Mali summit

Gambian crisis takes centre stage at Mali summit

Gambian president-elect Adama Barrow readied to meet world leaders on Saturday at a summit jointly hosted by France in Mali as the international community strives for an end to The Gambia's political crisis.
Published 15 Jan, 2017 12:00am
Iraqi forces retake Mosul university

Iraqi forces retake Mosul university

Iraqi forces on Saturday retook Mosul's university from the Islamic State jihadist group, the latest key advance in efforts to recapture the eastern side of the city, officers said.
Published 15 Jan, 2017 12:00am
At least 19 dead as boat capsizes in India

At least 19 dead as boat capsizes in India

At least 19 people died Saturday after a boat carrying some 40 revellers returning from a kite festival capsized in the Ganges river in eastern India, police said.
Published 15 Jan, 2017 12:00am
China and Vietnam to 'manage' differences over South China Sea

China and Vietnam to 'manage' differences over South China Sea

China and Vietnam pledged on Saturday to manage their differences and safeguard peace in the South China Sea, in a joint communique issued during a visit to China by Vietnamese Communist Party chief Nguyen Phu Trong.
Published 15 Jan, 2017 12:00am
Cyprus rivals reject each other's peace maps: Turkey

Cyprus rivals reject each other's peace maps: Turkey

Rival Cypriot delegations have failed to agree on maps for new borders on the divided island state, each slamming the other's proposals as "unacceptable", Turkey's foreign minister said Saturday, after peace talks stalled.
Published 15 Jan, 2017 12:00am
26 killed as Yemeni forces push rebels back

26 killed as Yemeni forces push rebels back

At least 26 Yemeni fighters died in fresh clashes and an air strike as government forces advanced against Shia Huthi rebels near a key shipping strait, medics and officials said Saturday.
Published 15 Jan, 2017 12:00am
US envoy warns against cutting funding to UN

US envoy warns against cutting funding to UN

US Ambassador Samantha Power on Friday warned that cutting US funding to the United Nations would be "extremely detrimental" to American interests, one week before Donald Trump's administration takes office.
Published 15 Jan, 2017 12:00am
BKU students demand compensation for heir of martyrs

BKU students demand compensation for heir of martyrs

Score of students of Bacha Khan University (BKU) Charsadda staged a protest demonstration against the university administration and demanded fair compensation to the heir of the martyrs students who were killed on 20 January, 2016 in terrorists attack on
Published 15 Jan, 2017 12:00am
55 companies to be conferred CSR Awards

55 companies to be conferred CSR Awards

Pakistan's 55 most prestigious companies with significant contribution for social development through different remarkable projects and activities will be given awards at 9th Corporate Social Responsibility (CSR) Summit to be held here on January 19.
Published 15 Jan, 2017 12:00am
Land dispute leaves one dead

Land dispute leaves one dead

At least one man has been killed and another severely injured in a firing incident between two groups in a land dispute in the Kahi area of Hangu.
Published 15 Jan, 2017 12:00am
JS Bank celebrates 10th anniversary

JS Bank celebrates 10th anniversary

JS Bank, one of the fastest growing banks of Pakistan, has successfully marked its 10th anniversary under the leadership of its highly experienced management team.
Published 15 Jan, 2017 12:00am
Imran makes sarcastic remarks against PM

Imran makes sarcastic remarks against PM

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Saturday took a direct swipe at Prime Minister Nawaz Sharif as the latter is all set to speak at the four-day annual meeting of the World Economic Forum (WEF) scheduled to begin on Jan 17 in Davos, Switze
Published 15 Jan, 2017 12:00am
PTI challenges transfer of admin control of Nepra

PTI challenges transfer of admin control of Nepra

Pakistan Tehreek-i-Insaaf (PTI) has challenged the transfer of administrative control of National Electric Power Regulatory Authority (Nepra) under Ministry of Water and Power.
Published 15 Jan, 2017 12:00am
Anti-polio drive to begin from a January 16

Anti-polio drive to begin from a January 16

As many as 1.3 million children under five years of age would be administered polio vaccine drops in the district during the next anti-polio campaign which would be continued from 16 to 18 January and additional two days would be observed as sweeping for
Published 15 Jan, 2017 12:00am
Report predicts bigger majority for PML-N in 2018 polls

Report predicts bigger majority for PML-N in 2018 polls

Analysts foresee a bigger majority for the ruling Pakistan Muslim League-Nawaz (PML-N) in 2018 election keeping in view the efforts of Prime Minister Nawaz Sharif led government to deliver on governance, economic reforms and particularly security.
Published 15 Jan, 2017 12:00am
LDA opens auction of plots tomorrow

LDA opens auction of plots tomorrow

The open auction of commercial plots of Johar Town, Sabzazar and Jubilee Town will be held tomorrow (Monday 16) at LDA Community Centre, New Muslim Town, at 10.00 am.
Published 15 Jan, 2017 12:00am
Latest facilities being provided to minority students: minister

Latest facilities being provided to minority students: minister

Provincial Minister for Minorities and Human Rights Khalil Tahir Sandhu has said that the Punjab government is endeavoring to provide latest and state-of-the-art educational facilities to students of minorities being equal citizens of Pakistan.
Published 15 Jan, 2017 12:00am
World perceives Pakistan as emerging market: Ahsan

World perceives Pakistan as emerging market: Ahsan

Federal Minister for Planning, Development and Reforms professor Ahsan Iqbal said on Saturday that Pakistan is being taken as new emerging economy of the world. China Pakistan Economic Corridor (CPEC) is gateway to progress in which big economies are inte
Published 15 Jan, 2017 12:00am
'Nation expects historic decision on Panama case'

'Nation expects historic decision on Panama case'

Chief of Jamaat e Islami Pakistan, Sirajul Haq has said that the position of the ruling family of the country regarding the off-shore companies was crucial clear after the BBC report and the arguments advanced by the JI counsel before the Supreme Court.
Published 15 Jan, 2017 12:00am
Minister acknowledges positive role of technology in agriculture
Cotton

Minister acknowledges positive role of technology in agriculture

The Punjab Minister for Agriculture, Naeem Akhtar Khan Bhabha, visited the bio-tech corn field trial being undertaken by Monsanto Pakistan. During the visit, the Minister was provided with a detailed briefing and overview of the technology features, crop
Published 15 Jan, 2017 12:00am
FIA seizes fake cardio stents worth Rs 40 million

FIA seizes fake cardio stents worth Rs 40 million

The Punjab government has constituted a committee comprising senior cardiologists to look into the issue of unregistered stents and other products, which are used in the procedure of cardiac patients.
Published 15 Jan, 2017 12:00am
PU VC to introduce IT-based Learning Management System

PU VC to introduce IT-based Learning Management System

Taking a landmark initiative in the history of Punjab University, PU Vice Chancellor Prof Dr Zafar Mueen Nasir has announced to introduce Learning Management System in all the teaching departments of the university.
Published 15 Jan, 2017 12:00am
Government playing key role in earning foreign exchange: minister

Government playing key role in earning foreign exchange: minister

The government is fully aware of the importance of trade and industry as it plays a key role in earning precious foreign exchange for the country, said Sheikh Alauddin Provincial Minister for Industry, Commerce and Investment.
Published 15 Jan, 2017 12:00am
Aptma chief praises PM for textile package
Cotton

Aptma chief praises PM for textile package

The All Pakistan Textile Mills Association (APTMA) Chairman Aamir Fayyaz has thanked the Prime Minister Nawaz Sharif for announcing Rs 180 billion textile industry revival package.
Published 15 Jan, 2017 12:00am
Crime cases on the rise in Capital

Crime cases on the rise in Capital

The heavily guarded federal capital witnessed an increase in incidents of robbery, burglary, dacoity, snatching and kidnapping during the last week.
Published 15 Jan, 2017 12:00am
Temperature below freezing in Quetta

Temperature below freezing in Quetta

Balochistan's capital Quetta on Saturday received first snowfall of the winter season due to which temperature fell four points below the freezing point causing suspension of water and power supply in almost half of the province.
Published 15 Jan, 2017 12:00am
KE says overall power supply remains intact

KE says overall power supply remains intact

K-Electric teams remained active and overall power supply system remained intact on Saturday as city continued to experience recurring spells of rain. KE's Rapid Response Teams remained fully available and committed to restore any disruptions in power sup
Published 15 Jan, 2017 12:00am
Karachi Mayor visits different areas of city after rain

Karachi Mayor visits different areas of city after rain

Mayor Karachi Wasim Akhtar said defective sewerage system, encroachments on drains and absence of storm water drainage were big challenges, for which provincial government should cooperate with us to deal with it.
Published 15 Jan, 2017 12:00am
Sharjeel declared absconder in corruption case

Sharjeel declared absconder in corruption case

An accountability court in Karachi on Saturday ordered to declare former Sindh Information Minister Sharjeel Memon an absconder in a five billion rupees corruption case.
Published 15 Jan, 2017 12:00am
Sindh government to address reservations raised by Nisar: CM

Sindh government to address reservations raised by Nisar: CM

Sindh Chief Minister Syed Murad Ali Shah has said that his government would address all the reservations raised by Ministry of Interior to including a certain number of Madaris in the list of first schedule.
Published 15 Jan, 2017 12:00am
Two-day Entrepreneurship Education Summit open

Two-day Entrepreneurship Education Summit open

US Embassy Public Affairs Officer John Warner presided over the opening of a two-day Entrepreneurship Education Summit hosted by the Balochistan University Partnership Program.
Published 15 Jan, 2017 12:00am
West Indies axes Pakistan tour

West Indies axes Pakistan tour

Pakistan's hopes of hosting international cricket matches suffered another setback on Saturday after the West Indies refused to compete in a short two Twenty20 match series in the South Asia nation over security fears. No major team has toured Pakistan si
Published 15 Jan, 2017 12:00am
Tears as Muller grabs first title with Sydney win

Tears as Muller grabs first title with Sydney win

Luxembourg's Gilles Muller broke through for his first career ATP World Tour title with a straight sets win over Britain's Daniel Evans in the Sydney International final on Saturday. Left-hander Muller, 33, one of the Tour's biggest servers, finished too
Published 15 Jan, 2017 12:00am
Mertens clinches maiden WTA crown

Mertens clinches maiden WTA crown

Belgian qualifier Elise Mertens completed her fairytale run at the Hobart International by beating third seed Monica Niculescu 6-3 6-1 to clinch her maiden WTA Tour title on Saturday. The 21-year-old, ranked 127th in the world, was broken in her first ser
Published 15 Jan, 2017 12:00am
Scrap international T20s to save one-dayers: Arthur

Scrap international T20s to save one-dayers: Arthur

Cricket's shortest Twenty20 format should be restricted to domestic franchises to maintain the relevance of one-day internationals, Pakistan coach Mickey Arthur has said. With the rise of the shorter and action-packed T20 format in recent years, the 50-ov
Published 15 Jan, 2017 12:00am
Kane delivers hat-trick to lift Spurs to second

Kane delivers hat-trick to lift Spurs to second

New father Harry Kane scored a hat-trick as Tottenham Hotspur crushed West Bromwich Albion 4-0 on Saturday to climb to second place in the Premier League table. Kane's hat-trick, which took his season tally to 15 goals, capped an outstanding performance t
Published 15 Jan, 2017 12:00am
Handball: France cruise past Japan

Handball: France cruise past Japan

Defending champions France cruised to a 31-19 win over Japan for a second victory in two games at the world handball championship on Friday but their joy was tempered by injury to star player Luka Karabatic. The pivot of the champions suffered a right foo
Published 15 Jan, 2017 12:00am
Troubled former French champion Coulibaly sentenced

Troubled former French champion Coulibaly sentenced

Former French 400m indoor champion Toumany Coulibaly was on Friday sentenced to three years in prison for the latest of a spate of burglaries. Coulibaly, a serial offender, turned up in court for the sentencing - 20 months of which were suspended - wearin
Published 15 Jan, 2017 12:00am
Aubameyang leads hosts Gabon into Cup of Nations opener

Aubameyang leads hosts Gabon into Cup of Nations opener

Gabon lifts the curtain Saturday on the Africa Cup of Nations with the hosts, spearheaded by Pierre-Emerick Aubameyang, playing minnows Guinea-Bissau in the opening match in Libreville. The first match in Group A in the 16-team competition, preceded by th
Published 15 Jan, 2017 12:00am
South Africa claim series after Sri Lanka collapse

South Africa claim series after Sri Lanka collapse

Sri Lanka lost 16 wickets in a day as South Africa's fast bowlers sent them crashing to defeat by an innings and 118 runs in the third Test at the Wanderers Stadium on Saturday. Sri Lanka were bowled out for 131 and 177 as South Africa's four pacemen tore
Published 15 Jan, 2017 12:00am
New Zealand one down early in reply to Bangladesh's 595-8

New Zealand one down early in reply to Bangladesh's 595-8

New Zealand were in early trouble with the loss of Jeet Raval to be 55-1 in reply to Bangladesh's 595-8 declared at lunch on the third day of the first Test in Wellington on Saturday. Raval had survived two chances before his innings ended on 27 with his
Published 15 Jan, 2017 12:00am
Peterhansel wins 13th Dakar title, first for Britain's Sunderland

Peterhansel wins 13th Dakar title, first for Britain's Sunderland

France's Stéphane Peterhansel won his 13th Dakar Rally title on Saturday, declaring the latest win was the sweetest following an epic battle with French Peugeot teammate Sébastien Loeb. The 51-year-old Peterhansel added the 2017 title to his previous six
Published 15 Jan, 2017 12:00am
Bitcoin plunges as China investigates exchanges
Currency

Bitcoin plunges as China investigates exchanges

Bitcoin prices plummeted after China's central bank announced it was investigating exchange platforms trading in the virtual currency. The People's Bank of China (PBoC) said it had dispatched inspection teams to several of the country's major bitcoin trad
Published 15 Jan, 2017 12:00am
Speculators cut net US dollar longs in latest week
Currency

Speculators cut net US dollar longs in latest week

Speculators pared back net long bets on the US dollar in the latest week, as investors reduced positions that have become overextended due to a rally inspired by Donald Trump's victory in the US presidential election two months ago.
Published 15 Jan, 2017 12:00am
Indonesia forex reserves rise to $116.4 billion

Indonesia forex reserves rise to $116.4 billion

Indonesia's foreign exchange reserves rose to $116.36 billion at the end of December from $111.47 billion one month earlier, Bank Indonesia (BI) said on Monday.
Published 15 Jan, 2017 12:00am
Canadian dollar edges higher
Currency

Canadian dollar edges higher

The Canadian dollar edged higher against its US counterpart on Friday even as oil prices fell, with recent upbeat domestic data helping to underpin the currency ahead of a Bank of Canada interest rate decision next week.
Published 15 Jan, 2017 12:00am
Junk bond sales off to slow start in 2017

Junk bond sales off to slow start in 2017

The US high-yield primary market is off to one of its slowest starts in years and is likely to stay low and slow at least in the medium term, said bankers and analysts.
Published 15 Jan, 2017 12:00am
Junk bond sales off to slow start in 2017

Junk bond sales off to slow start in 2017

The US high-yield primary market is off to one of its slowest starts in years and is likely to stay low and slow at least in the medium term, said bankers and analysts.
Published 15 Jan, 2017 12:00am
Investment focus: Return of inflation puts focus on pricing power

Investment focus: Return of inflation puts focus on pricing power

Rising prices of commodities from vanilla to oil are stoking inflation expectations and turning investor attention to profit margins at companies, especially in consumption-related industries, that may struggle to pass on rising costs to consumers.
Published 15 Jan, 2017 12:00am
Investment focus: Return of inflation puts focus on pricing power

Investment focus: Return of inflation puts focus on pricing power

Rising prices of commodities from vanilla to oil are stoking inflation expectations and turning investor attention to profit margins at companies, especially in consumption-related industries, that may struggle to pass on rising costs to consumers.
Published 15 Jan, 2017 12:00am
UniCredit says will complete cash call in time for bond payouts

UniCredit says will complete cash call in time for bond payouts

The chief executive of Italy's biggest bank UniCredit pledged on Thursday to complete a 13 billion euro ($14 billion) share issue by March 10, in time to make payouts due on high-risk bonds that came under pressure on the market.
Published 15 Jan, 2017 12:00am
UniCredit says will complete cash call in time for bond payouts

UniCredit says will complete cash call in time for bond payouts

The chief executive of Italy's biggest bank UniCredit pledged on Thursday to complete a 13 billion euro ($14 billion) share issue by March 10, in time to make payouts due on high-risk bonds that came under pressure on the market.
Published 15 Jan, 2017 12:00am
Japan will sell $1.2 trillion of JGBs to market

Japan will sell $1.2 trillion of JGBs to market

Japan is set to sell 141.2 trillion yen ($1.2 trillion) of debt to the market in the fiscal year starting April 2017, officials involved in the plan told Reuters on Monday, meaning the volume of government issuance will decline for a fourth straight year.
Published 15 Jan, 2017 12:00am
Japan will sell $1.2 trillion of JGBs to market

Japan will sell $1.2 trillion of JGBs to market

Japan is set to sell 141.2 trillion yen ($1.2 trillion) of debt to the market in the fiscal year starting April 2017, officials involved in the plan told Reuters on Monday, meaning the volume of government issuance will decline for a fourth straight year.
Published 15 Jan, 2017 12:00am
VietJet IPO set to raise $170 million

VietJet IPO set to raise $170 million

Budget airline VietJet is set to raise about $170 million in an initial public offering (IPO) that will value Vietnam's only private airline at $1.2 billion, people close to the deal said on Wednesday, in the latest in a string of Vietnamese share sales.
Published 15 Jan, 2017 12:00am
Bond drought casts shadow on eurozone's financial system

Bond drought casts shadow on eurozone's financial system

The European Central Bank's bond-buying programme was intended to rescue the euro zone's economy by flooding it with cash, but it is also siphoning off one of its most valuable assets: high-quality government debt.
Published 15 Jan, 2017 12:00am
Bond drought casts shadow on eurozone's financial system

Bond drought casts shadow on eurozone's financial system

The European Central Bank's bond-buying programme was intended to rescue the euro zone's economy by flooding it with cash, but it is also siphoning off one of its most valuable assets: high-quality government debt.
Published 15 Jan, 2017 12:00am
US farmers cut winter wheat acreage to 108-year low

US farmers cut winter wheat acreage to 108-year low

US farmers slashed their winter wheat plantings to the lowest in more than a century as supplies of the grain ballooned to a 29-year high, the US Agriculture Department said on Thursday. USDA also dialed back its harvest estimates for the US soybean and c
Published 15 Jan, 2017 12:00am
Saudis cut oil output to lowest in 2 years

Saudis cut oil output to lowest in 2 years

Saudi Arabia has cut oil output to its lowest in almost two years, its energy minister said on Thursday, as the world's largest oil exporter leads OPEC's drive to eradicate a global glut and prop up prices. Energy Minister Khalid al-Falih said output had
Published 15 Jan, 2017 12:00am
European wheat futures close slightly higher

European wheat futures close slightly higher

European wheat futures closed slightly higher on Thursday after the US government gave a lower-than-expected estimate of winter wheat sowings in the United States. March milling wheat on the Paris-based Euronext exchange settled 0.75 euro or 0.4 percent h
Published 15 Jan, 2017 12:00am
US natural gas futures jump on colder forecasts

US natural gas futures jump on colder forecasts

US natural gas futures on Thursday jumped 5 percent to its highest level since early January on a bigger-than-expected weekly storage draw and cold forecasts. That continues this week's roller-coaster ride for the front-month. The contract fell over 5 per
Published 15 Jan, 2017 12:00am
Rains delay corn planting in some areas of Argentina

Rains delay corn planting in some areas of Argentina

Argentina's northern and central farm belts have been pounded by storms in recent days, slowing corn planting with almost 91 percent of the 2016/17 crop already sown, the Buenos Aires Grains Exchange said in its weekly report on Thursday. Rain has softene
Published 15 Jan, 2017 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Thursday, boosted by the US Department of Agriculture's cut to estimated US soybean production, but their gains lagged those of the oilseed rival. US soybean production was pegged at 4.307 billion bushels, down from the
Published 15 Jan, 2017 12:00am
Soyameal eases on European feeds market

Soyameal eases on European feeds market

Soyameal on the European meals and feeds market eased on Thursday ahead of fresh USDA supply/demand and quarterly stocks reports, which were issued too late in the European afternoon on Thursday for players to react to. "Asking prices for soyameal were mo
Published 15 Jan, 2017 12:00am
Cotton prices firm on modest trading activity
Cotton

Cotton prices firm on modest trading activity

Prices held the present levels on the cotton market on Saturday in the process of modest trading activity, dealers said. The official spot rate was unchanged at Rs 6375, dealers said. In Sindh, seed cotton prices were at Rs 3000-3300, they said. In Punjab
Published 15 Jan, 2017 12:00am
US FOB Gulf corn offers higher on export demand

US FOB Gulf corn offers higher on export demand

Export premiums for corn shipped from the US Gulf Coast were steady to higher on Thursday on moderate export demand from traditional buyers and rising CIF barge basis values, traders said. Recent slowdowns in rail shipments from the Corn Belt to Pacific N
Published 15 Jan, 2017 12:00am
Asian rice gains in India as demand revives

Asian rice gains in India as demand revives

Rice prices in India rose on a revival in demand from African and Asian buyers while markets in Thailand and Vietnam remained quiet, traders said on Wednesday. India, the world's biggest rice exporter, saw its 5-percent broken parboiled rice quoted at $34
Published 15 Jan, 2017 12:00am
Deep snow protects winter crops in Ukraine, Russia

Deep snow protects winter crops in Ukraine, Russia

A substantial snow layer has protected Ukrainian and Russian winter crops from severe frosts which came this weekend, analyst and weather forecasters said on Tuesday. Temperatures in most Ukrainian regions fell substantially to 13-20 degrees Celsius (55.4
Published 15 Jan, 2017 12:00am
CBOT wheat futures higher

CBOT wheat futures higher

Wheat futures on the Chicago Board of Trade closed higher on Thursday after the US Department of Agriculture said US farmers planted the fewest acres to winter wheat since 1909. CBOT March wheat settled up 7-1/2 cents at $4.26-1/4 per bushel after reachin
Published 15 Jan, 2017 12:00am
US Midwest soya bids lower

US Midwest soya bids lower

Soyabean spot basis bids were steady to sharply lower at US Midwest processors and elevators on Thursday after a rally in Chicago Board of Trade soya futures triggered relatively heavy farmer sales of the oilseed, dealers said. Bids tumbled by 15 cents pe
Published 15 Jan, 2017 12:00am
Chinese rebar steel futures rise for fourth day

Chinese rebar steel futures rise for fourth day

Chinese rebar steel futures rose for a fourth straight day on Thursday amid Beijing's campaign to shave excess steel production capacity, helping stretch gains in raw material iron ore. The rally in both commodities extended last year's surge that came af
Published 15 Jan, 2017 12:00am
Asian naphtha crack jumps to one-year high

Asian naphtha crack jumps to one-year high

Asia's naphtha crack surged 15.7 percent to hit a one-year high of $111.30 a tonne on Thursday as supplies tightened on persistent demand and reduced volumes arriving from the West. A fire at Abu Dhabi's state-owned national oil company ADNOC's refinery a
Published 15 Jan, 2017 12:00am
Hedge funds scale back bullish bets on US crude

Hedge funds scale back bullish bets on US crude

Hedge funds and money managers trimmed their bullish wagers on US crude oil for the second week in a row, data showed on Friday, as skepticism over OPEC delivering on its promised cuts grew and inventories in the US began to swell once again.
Published 15 Jan, 2017 12:00am
Thai rubber prices seen advancing this year

Thai rubber prices seen advancing this year

Thailand's rubber prices are expected to rise this year due to scant supply, hit by unseasonal flooding in the country's main growing region, industry players said.
Published 15 Jan, 2017 12:00am
Global arabica coffee output to reach record: ICO

Global arabica coffee output to reach record: ICO

Global arabica production could reach a record in 2016/17 but total coffee consumption is on track to exceed output for the third straight year, the International Coffee Organization (ICO) said on Wednesday.
Published 15 Jan, 2017 12:00am
Soyabean prices to come under pressure in 2017

Soyabean prices to come under pressure in 2017

In 2016 soyabean prices had their best year since 2012. But a repeat performance for the oilseed in 2017 may prove difficult thanks to challenges on both the supply and demand fronts.
Published 15 Jan, 2017 12:00am
USDA analysis says ethanol sharply cuts greenhouse gas emissions

USDA analysis says ethanol sharply cuts greenhouse gas emissions

The US government on Thursday said that ethanol is better for the environment than previously expected in a report boosting the country's biggest biofuel a week ahead of a new administration that has some in the industry concerned.
Published 15 Jan, 2017 12:00am
2016 a poor year for French cinema abroad

2016 a poor year for French cinema abroad

International cinemagoers lost their taste for French films last year, especially in Asia, French cinema promoter Unifrance said Friday.
Published 15 Jan, 2017 12:00am
Indonesia won't flood nickel market: minister

Indonesia won't flood nickel market: minister

Indonesia's abrupt easing of a three-year ban on nickel ore exports will not flood the global market but instead is aimed at balancing the country's smelters and creating job opportunities at mines, top mining officials said on Saturday.
Published 15 Jan, 2017 12:00am
IMF board approves 8.24 billion-euro credit line for Poland

IMF board approves 8.24 billion-euro credit line for Poland

The International Monetary Fund said on Friday its executive board approved a new two-year flexible credit line arrangement for Poland worth about 8.24 billion euros, about half the size of the country's previous credit line.
Published 15 Jan, 2017 12:00am
Japan and Australia agree to strengthen defence ties

Japan and Australia agree to strengthen defence ties

Japanese Prime Minister Shinzo Abe met his Australian counterpart Malcolm Turnbull in Sydney on Saturday where the pair agreed to deepen defence ties through joint military training and exercises.
Published 15 Jan, 2017 12:00am
Moody's pays $864 million to US, states over pre-crisis ratings

Moody's pays $864 million to US, states over pre-crisis ratings

Moody's Corp has agreed to pay nearly $864 million to settle with US federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the US Department of Justice said on Friday.
Published 15 Jan, 2017 12:00am
Moody's pays $864 million to US, states over pre-crisis ratings

Moody's pays $864 million to US, states over pre-crisis ratings

Moody's Corp has agreed to pay nearly $864 million to settle with US federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the US Department of Justice said on Friday.
Published 15 Jan, 2017 12:00am
Sony entertainment chief leaving to focus on Snapchat

Sony entertainment chief leaving to focus on Snapchat

The head of Sony's entertainment business announced Friday that he is stepping down to devote energy to Snapchat as the startup behind the smartphone messaging app prepares to go public.
Published 15 Jan, 2017 12:00am
Libya's oil production drops to 655,000 bpd

Libya's oil production drops to 655,000 bpd

Libya's oil production has dropped to 655,000 barrels a day due to difficulties including a lack of storage capacity and poor weather, the head of the National Oil Corporation said on Saturday.
Published 15 Jan, 2017 12:00am
Shoe chain Payless explores debt restructuring

Shoe chain Payless explores debt restructuring

US discount footwear retailer Payless Inc is working with debt-restructuring attorneys to deal with its approximately $665 million in debt as foot traffic at its stores declines, according to people familiar with the matter.
Published 15 Jan, 2017 12:00am
NA speaker urges IPC to engage with PIP

NA speaker urges IPC to engage with PIP

Sardar Ayaz Sadiq, Speaker National Assembly has stressed that the international parliamentary community (IPC) to actively engage with and strengthen the parliamentary institutions of Pakistan (PIP).
Published 15 Jan, 2017 12:00am
SC forms four benches for next week

SC forms four benches for next week

The Supreme Court has constituted four benches, including a five-member larger bench to hear Panamagate case, for the week commencing from January 16 (tomorrow).
Published 15 Jan, 2017 12:00am
Nisar rejects transfer summary of DIG

Nisar rejects transfer summary of DIG

Interior Minister Chaudhry Nisar Ali Khan on Saturday rejected the summary of transfer of Deputy Inspector General (DIG) Kashif Alam, who is heading the committee probing Tayyaba torture case.
Published 15 Jan, 2017 12:00am
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