WASHINGTON: President Barack Obama said Wednesday it was in America's interest to have "constructive" ties with Russia, but admitted the relationship had reverted to an "adversarial spirit" when Vladimir Putin regained the presidency.
WASHINGTON: US President Barack Obama said Wednesday he would take a break from politics upon leaving office, but would not hesitate to speak up if America's "core values" are questioned, citing concerns about discrimination and freedom of the press.
LAHORE: Lahore High Court (LHC) Chief Justice Syed Mansoor Ali Shah on Wednesday granted one advance increment to judges and staff of the Punjab district judiciary over disposing of a large number of pending cases in short time.
ISLAMABAD: The BBC has started internal investigation against the reporter who has been accused by BBC itself of "misusing the platform of BBC" to publish a story on Park Lane flats owned by sons of Prime Minister Nawaz Sharif.
JOHANNESBURG: South African batting star AB de Villiers' absence from Test cricket will extend until late this year after he told journalists on Wednesday that he will miss the series against England and Bangladesh.
LAHORE: Chief Minister Punjab Muhammad Shehbaz Sharif on Wednesday said China Pakistan Economic Corridor (CPEC) would usher in a new era of economic development in Pakistan and Balochistan especially would be its main recipient.
CAIRO: Egypt has made a "good start" on reforms under a loan deal with the International Monetary Fund and soaring inflation is expected to drop around mid-2017, an IMF official said Wednesday.
PARIS: Formula One's governing body, the International Automobile Federation (FIA), said Wednesday it had approved Liberty Media's $8 billion takeover of the sport.
MILAN: Cesena forward Karim Laribi sent parent club Sassuolo crashing out of the Italian Cup with a late winner in a 2-1 upset that sent the second division side into the quarter-finals on Wednesday.
WASHINGTON: The US economy continues to expand and is now seeing tight labor markets and rising price pressures, as businesses nationwide have an upbeat outlook for 2017, the Federal Reserve said Wednesday.
DAVOS: China's richest man, Hollywood investor Wang Jianlin, warned Donald Trump Wednesday against dragging the entertainment industry into a trade war -- saying his country's millions of movie-lovers are key to the future of cinema.
ROTTERDAM: Soymeal on the European meals and feeds market continued firmer on Wednesday on concerns that excessive rains in Argentina could hurt the crop.
WASHINGTON: President-elect Donald Trump's nominee for health secretary defended his vast healthcare stock holdings as being ethical and legal on Wednesday and said Americans who have gained coverage under Obamacare will not suddenly go without health
GENEVA: China will build a new model of relations with the United States as part of its creation of a "circle of friends" around the world, President Xi Jinping said in a speech at the United Nations in Geneva on Wednesday.
Goldman Sachs Group Inc reported a nearly fourfold rise in quarterly profit on Wednesday thanks to a surge in bond trading revenue, with its finance chief offering a sunny outlook for business in 2017.
MUZAFFARABAD: The AJK Prime Minister Raja Farooq Haider has said that his government was taking concrete steps for the development of backward and less developed districts of Azad Kashmir, he was addressing a public meeting at Hattain district on Wednesda
GENEVA: Nations should strive for a world where nuclear weapons are prohibited and where existing stocks are destroyed, Chinese President Xi Jinping said in a speech at the United Nations Wednesday.
ISLAMABAD: Minister for Water and Power Khawaja Muhammad Asif on Wednesday said that National Water Policy will be announced after approval of the Council of Common Interests (CCI).
ISLAMABAD: Senate Functional Committee on Problems of Less Developed Areas on Friday will discuss the new survey of Benazir Income Support Programme province wise, FATA, Gilgit-Balistan with cost.
ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar said Wednesday that the government was extending maximum facilitation to Private Sector to enable it play its due role in increasing economic opportunities for the people.
BERLIN: Italy will no longer be unreliable in fiscal terms, Italian Prime Minister Paolo Gentiloni said on Wednesday, adding that he believed the period of austerity was over.
DAVOS: HSBC became the first major bank to detail plans to move jobs out of London after Brexit, saying it will relocate staff responsible for generating around a fifth of its UK-based trading revenue to Paris after Britain leaves the EU.
SYDNEY: Hong Kong's flag carrier Cathay Pacific Airways will cut jobs and consider shifting some flights to its short-haul arm after completing the biggest review of its business in two decades, it said on Wednesday.
LONDON: Gold retreated on Wednesday from the previous day's eight-week high, as a rebound in the dollar ahead of US inflation data and a speech by Federal Reserve chair Janet Yellen prompted some buyers to cash in gains.
LONDON: Oil and gas discoveries around the world dropped last year to their lowest since the 1940s after companies sharply cut back in their search for new resources amid falling oil prices.
STRASBOURG: European Commission President Jean-Claude Juncker said on Wednesday he told Prime Minister Theresa May that EU negotiators were "not in a hostile mood" toward Britain but that Brexit talks would be "very, very, very" difficult.
ABU DHABI: Etihad Airways is not looking to take a stake in German carrier Lufthansa, a spokesman said on Wednesday, denying a report in an Italian newspaper that sent Lufthansa's shares higher on Tuesday.
LONDON: The dollar rebounded on Wednesday after falling for five days in a row against its currency basket, as investors awaited a speech by the head of the Federal Reserve later in the day and looked to US inflation data for clues on the path of interest
LONDON: Copper steadied on Wednesday after its biggest fall in a month in the previous session when US President-elect Donald Trump rattled investors by saying the dollar was too strong.
BRUSSELS: British Prime Minister Theresa May was clear on Tuesday that Britain would leave the EU's single market, but her desire for a customs agreement with the bloc highlights one of the Brexit cliff edges UK-based industry is seeking to avoid.
GENEVA: At least 70 civilians were killed in Tuesday's Nigerian Air Force strike on a refugee camp and more than a hundred were wounded, the International Red Cross and Red Crescent Movement said on Wednesday.
SINGAPORE: Asia's high sulphur fuel oil market complex was little changed on Wednesday after two sessions of declines, supported by higher-cost replacement barrels stemming from structurally tighter global supplies.
ABIDJAN: Ivory Coast's President Alassane Ouattara ordered his defence minister and the heads of the army, police and gendarmes on Wednesday to hold talks with members of the security forces to discuss grievances in a bid to end two weeks of unrest.
BERLIN: The European Union has more clarity on how the British government will go into talks on leaving the bloc after Prime Minister Theresa May's speech on Tuesday but negotiations cannot start until London triggers the process, Angela Merkel said.
LONDON: Oil prices fell on Wednesday on expectations that US producers would boost output, just as OPEC signalled that a global supply-reduction deal will shrink the oil glut this year.
DAVOS: IMF head Christine Lagarde conceded Wednesday the Washington lender had been late waking up to the widening gap between rich and poor around the world, but is now researching answers to help the middle class.
LONDON: OPEC signalled a falling oil supply surplus in 2017 on Wednesday as the exporter group's output slips from a record high ahead of a deal to cut supply and outside producers show positive initial signs of complying with the accord.
DUBAI: Qatar National Bank, the largest bank in the Middle East and Africa by assets, is raising a $1 billion, three-year syndicated loan in the Asian bank market, sources familiar with the situation said on Wednesday.
KOBLENZ: New European rules aimed at preventing a repeat of the 2008 financial crisis should not "squeeze the life out of banks" but rather stop them from taking on too much risk, the European Central Bank's top bank supervisor said on Wednesday.
NEW YORK: The United States on Wednesday sued JPMorgan Chase & Co, accusing the bank of discriminating against minority borrowers by charging them higher rates and fees on home mortgage loans between 2006 and at least 2009.
ISLAMABAD: Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb on Wednesday said that Pakistan Tehrik-e-Insaf Chairman Imran Khan had the habit of contesting cases on the container, pressurizing the institutions and th
ISLAMABAD: Former Chief of the Army Staff (COAS), General (R) Raheel Sharif on Tuesday said that the number of terror attacks had significantly dropped in the country.
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet Wednesday gave approval for enhancing the government of Pakistan's guarantee limit for Pakistan International Airlines Corporation Limited (PIACL) by Rs 10.
MELBOURNE: Top seed Andy Murray remained wary about his right ankle on Wednesday after he rolled it painfully during a straight-sets win over Andrey Rublev at the Australian Open.
PRAGUE: Tomas Berdych became the latest player to pull out of Czech Republic's first-round Davis Cup tie in Australia on March 3-5, he announced after making it through to the third round of the Australian Open on Wednesday.
WASHINGTON: US consumer prices continued to rise in December, with one measure of price gains registering its biggest increase in two and a half years, the Labor Department said Wednesday.
BERLIN: German Chancellor Angela Merkel on Wednesday welcomed the "clarity" provided by British Prime Minister Theresa May's speech laying out her plans for Brexit.
KARACHI: Mastercard, a leading technology company in the global payments industry on Wednesday announced a strategic collaboration with Pakistan's NADRA technologies to optimize National ID cards with electronic payments functionality.
ISLAMABAD: Chairman senate Mian Raza Rabbani on Wednesday asked the government to also take the Parliamentary leaders in the Senate into confidence on the under discussion legislation for setting up Military Courts.
ISLAMABAD: Defence Minister Khawaja Muhammad Asif Wednesday said that Pakistan Tehreek-e-Insaf (PTI)'s false claims regarding Panama papers would be doomed to fail in days ahead.
DAVOS: Russia is the main threat to the Western-led world order, US Vice President Joe Biden told Davos elites on Wednesday, in his final speech before leaving office.
BERLIN: German Chancellor Angela Merkel's government on Wednesday set September 24 as the date for a general election, as she seeks a fourth term facing populist headwinds over a record migrant influx.
BAMAKO: A suicide bomb attack on a camp housing former rebels and pro-government militia in northern Mali on Wednesday killed 37 fighters, a UN peacekeeping source and a local official told AFP.
%D%ALAHORE: The counter-terrorism department (CTD) of Punjab killed the new leader of the banned Lashkar-e-Jhangvi militant group, along with three more militants, in an operation in Sheikhupura, authorities said on Wednesday.
ISLAMABAD: A jailed Pakistani doctor believed to have helped the CIA hunt down al Qaeda leader Osama bin Laden will be neither released nor handed to the United States, Pakistan's law minister has told legislators, media reported on Wednesday.
ISLAMABAD: Over 78 percent of US investors has said that they plan to invest in Pakistan over the next 12 months in light of improving law and order situation, among other factors.
ISLAMABAD Federal Minister for Railways Khawaja Saad Rafique on Wednesday said Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan is suffering from Prime Minister Mian Muhammad Nawaz Sharif 'phobia'.
UNITED NATIONS: A modest global recovery projected for 2017-18 should be seen as more of an indication of economic stabilization than a signal of a robust and sustained revival of global demand, a new United Nations economic report says.
HONG KONG: Hong Kong's stock market regulator has filed a lawsuit against major banks Standard Chartered and UBS along with consultancy firm KPMG over a 2009 initial public offering on the city's bourse.
UNITED NATIONS: Pakistan told the UN Security Council Tuesday that a just solution of Palestine-Israel dispute would not only usher in enduring peace in the Middle East but also deal a blow to the appeal of extremist organizations like Daesh and al-Qaeda.
%DHRISTCHURCH: Bangladesh captain Mushfiqur Rahim is unlikely to play in the second Test against New Zealand in Christchurch on Friday, denting the tourists' hopes of avoiding defeat in the two-Test series.
Four months after Pakistan ban Indian films from its cinemas, Prime Minister Nawaz Sharif announced a committee to look into demands of local theatre owners who are bleeding financially.
WASHINGTON: US-president elect Donald Trumps inauguration ceremony is approaching near and the number of Democratic lawmakers are boycotting his inauguration at the US capital on January 20.
%D%AZULFIQAR AHMAD%D%A%D%AISLAMABAD: With a slight amendment, the Senate Tuesday passed government-sponsored The Benami Transactions (Prohibition) Bill, 2016 aimed at prohibiting people from holding assets and properties under others or fake names.
%D%ARIZWAN BHATTI%D%A%D%AKARACHI: In order to enhance the dollar supply in open currency market, the State Bank of Pakistan (SBP) on Tuesday gave the assurance that it would withdraw condition of 10 percent dollar surrendering by the Exchange Companies in
%D%AMUSHTAQ GHUMMAN%D%A%D%AISLAMABAD: Pakistan International Airlines (PIA) has approached the Finance Ministry for an increase in GoP guarantee limit by Rs 10.
%D%AMUSHTAQ GHUMMAN %D%AISLAMABAD: Privatisation Commission's Board headed by Chairman Privatisation Commission, Muhammad Zubair approved lease out plan of Pakistan Steel Mills (PSM) on Tuesday.
ISLAMABAD: Supreme Court of Pakistan on Wednesday resumed the hearing of Panamagate case as Prime Minister Nawaz Sharifs counsel continues his arguments before the bench after he raised the issue of immunity in previous hearing.
MELBOURNE: Eugenie Bouchard's return to form gathered pace Wednesday when she dispatched tricky Chinese Peng Shuai in straight sets to blast into the Australian Open third round.
TEHRAN: Iran's Foreign Minister Mohammad Javad Zarif said late Tuesday that his government opposed the United States joining Syrian peace talks to be held in Kazakhstan next week, local media reported.
MELBOURNE: World number one Angelique Kerber gave herself the perfect birthday gift Wednesday by reaching the Australian Open third round, but she had to work hard against fellow German Carina Witthoeft.
MELBOURNE: Roger Federer didn't have things all his own way as he got past spirited American qualifier Noah Rubin to reach the Australian Open third round in a tough three-setter on Wednesday.
Circumstances are such that Pakistani actress Mahira Khan cannot be seen in India, and now few Pakistanis are also trying to create trouble for the actress.
The cement industry is chugging forward into a bonanza of historic high dispatches, gross margins and profits, in spite of the sharp fall in exports to its key markets such as Afghanistan and South Africa.
MONITORING DESK%D%AKARACHI: Former army chief General Raheel Sharif (retired) has said on Tuesday that intelligence sharing is very much important component of the course of action against terrorism.
MELBOURNE: Japanese hope Kei Nishikori complained his form was "up and down" despite beating Jeremy Chardy in straight sets to reach the Australian Open third round on Wednesday.
BRUSSELS: Europe must pull together or risk being sidelined as Donald Trump signals the end of a postwar transatlantic partnership credited with keeping the peace for the past 70 years, analysts and officials say.
With the sales tax on textile machinery imports abolished in the export package, one may now hope that the latest technology and BMR activities come to our industry.
RECORDER REPORT%DAVOS: Chinese President Xi Jinping offered a vigorous defence of free trade at the World Economic Forum in Davos on Tuesday in a speech that underscored Beijing''s desire to play a greater global role as the United States turns in
In an alarming but significant groundbreaking environment research, Punjab University PhD scholar Muhammad Sohail working under the supervision of Dean Faculty of Life Sciences Professor Dr Muhammad Naeem Khan has found that freshwater mussels (Anodonta a
The Ministry of Water and Power has nullified the impact of Rs 3/kWh relief to the industrial consumers that was announced by the Prime Minister Nawaz Sharif in January 2016 and notified by the ministry on February 4, 2016 that was effective from 1st Janu
The Canadian High Commissioner Perry John Calderwood has said that we are strengthening bilateral relations with Pakistan in all sectors. "I am highly impressed with the civilisation, trade and agriculture of people of South Punjab. I am visiting this are
The Punjab government has given a comprehensive roadmap to the public sector universities to help raising their overall institutional standards according to universal requirements. It's also working to provide best educational and research facilities in t
The importers and distributors of cardiac stents and medical devices have urged the government to intervene and expedite the registration process of medical devices with Drug Regulatory Authority of Pakistan (DRAP) so that hospitals could be equipped with
The United Nation Industrial Development Organisation (Unido) has completed study of different industries for energy conservation and identified five potential areas of the Pakistan industrial sector for this purpose.
Suhail Ahmed, a renowned debater and a student of PU Law College, was brutally tortured by Islami Jammiat Tulaba (IJT) activists for tweeting in support of missing Professor Salman Hiader.
Netherland's Ambassador Jeannette Seppen met with the Provincial Minister for Minorities Affairs and Human Rights Khalil Tahir Sandhu, here on Tuesday. Matters of mutual interest, promotion of bilateral relations between Pakistan and Netherlands were disc
"Technical Education and Vocational Training Authority (TEVTA) has successfully started Chinese language classes in more nine cities. 15,000 persons will be trained in Chinese language course during current year. Chinese language course has been started i
GE on Tuesday unveiled new findings on how companies are using digital applications across their industrial operations to unlock productivity and lower their environmental impact, at the World Future Energy Summit 2017 at the Abu Dhabi National Exhibition
Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto held a meeting of PPP Punjab leadership at the Bilawal House on Tuesday. President PPP Punjab Qamar Zaman Kaira briefed him about the arrangements made with regard to his public rally from Lahore to Fai
Secretary of the Ministry of Planning, Development and Reforms, Yousaf Naseem Khokhar, said here on Tuesday that the first phase of setting up industrial zones under China-Pakistan Economic Corridor (CPEC) would be completed by the end of 2017.
The Securities and Exchange Commission of Pakistan (SECP) has found investment by only one private company in offshore company revealed in Panama Leaks. Sources told Business Recorder here on Tuesday that the private companies are not required to obtain s
Newly appointed Director General Pakistan Rangers Punjab Major General Azhar Naveed Hayat called on Punjab governor Malik Muhammad Rafique Rajwana, here on Tuesday and discussed matters of mutual interest. Speaking on this occasion, the governor said prot
Afghan trade delegation led by the advisor of its Ministry of Defence, Washma Frogh, has expressed deep concern on the delays in clearance of Afghanistan-bound goods and expressed desire that should be done on fast track basis.
The licensed insurance brokers on the pattern of companies are required to submit the requisite report/accounts/financial statements to the Securities and Exchange Commission of Pakistan (SECP) within four months of the close of the financial year.
Contrary to other projects in the country, Chinese companies are not bound to hire Pakistani engineers in road projects under the China-Pakistan Economic Corridor (CPEC) package, revealed Chairman National Highway Authority (NHA) Shahid Ashraf Tarar.
On the direction of Chief Minister Punjab, provincial minister for primary and secondary health Khawaja Imran Nazir along with secretary Ali Jan Khan visited Gujrat to probe into the sad incident of gang rape with two lady health workers by the dacoits at
The lawmakers in Senate were stunned to know the hefty pay and perks drawn by the acting chief executive officer (CEO) and four other top managers of crisis-ridden Pakistan International Airlines (PIA). The MPs questioned what these officials drawing heft
National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Tuesday arrested accused of Telephone Industries of Pakistan Limited, Haripur for alleged involvement in illegal allotment of plots in Telephone Industries of Pakistan Housing Scheme and caused lo
LG Electronics took the stage at CES-2017 to unveil its newest top-of-the-line LG SIGNATURE OLED TVs. Featuring Dolby Vision and Dolby Atmos sound, the new line-up includes a total of 10 different models, highlighted by the 2017 CES Best of Innovation Awa
Tremors of a moderate earthquake were felt in different areas of Karachi on Tuesday. According to sources, the earthquake was felt in Gulistan-e-Jauhar, Gulshan-e-Iqbal and other adjacent areas, sending frightened people running out of their homes and off
The board of directors of ICI Pakistan Limited has approved the signing of the shareholders agreement and the incorporation of a joint venture company by ICI, Unibrands and Morinaga.
Sindh High Court on Tuesday granted extension in interim bail of 65 suspects including former Chairman Moin Aftab in the case pertaining to billion of rupee corruption in Pakistan Steel Mill. The counsel of National Accountability Bureau told the court a
The Directorate General Customs Valuation (DGCV) has issued new valuation ruling for 'glass tubing' used for manufacturing ampoules and sealing glass containers of medication.
Pakistan Railways (PR) is set to receive first shipment of high-powered diesel locomotives from United States (US) on January 20, a PR official said here on Tuesday. "Seven out of the total 55 locomotives (4,000 horse-powered) will reach Karachi in next F
The Professionals Network (TPN) in collaboration with School of Leadership, Indus Hospital, AMTF, Pakistan Red Crescent and many other relevant organisations, is organising the 6th International CSR Summit & Awards ceremony on January 26, at a Hotel in Ka
National Accountability Bureau (NAB) Karachi on Tuesday claimed to arrest one of the accused persons involved in Memon Society Hyderabad scam. According to details, Imtiaz Solangi Supervising Tapedar Hyderabad has been arrested by NAB Karachi in the inves
President Pakistan Businessmen and Intellectuals Forum (PBIF) Zahid Hussain has said that the impact of Rs 180 billion package will be temporary therefore the government should frame a long-term policy following the examples of India, Bangladesh, Vietnam
Textile manufacturing and exporting associations on Tuesday asked the government to pay all of their pending rebate claims through State Bank of Pakistan at the stage of export proceeds payments.
Oil and Gas Development Company Limited (OGDCL) has awarded a contract to BSS Petrochemical Equipment Company China through local partner Gas Tech International for designing, manufacturing, supplying and commissioning of Hot Oil Package for its Uch-II De
First Women Bank Limited (FWBL) has signed Avanza Solutions' Ambit 2.0 to run its internet banking services, which will allow FWBL to offer internet banking facilities to its customer base, thereby making its services more convenient and accessible.
Perception Survey conducted by American Business Council showed that there was a significant improvement of over 30 percent in the law and order situation as compared to last year.
At least six suspects were taken into custody, including a proclaimed offender, by Karachi police after raids were conducted in different areas of the metropolis in the wee hours of Tuesday.
The first special squad created by Regional Tax Office (RTO) Rawalpindi has started monitoring of major distributors of local brands of cigarettes originating from KPK and AJK and conducting raids on shops/mega stores/malls illegal warehouses used for sto
National Database and Registration Authority (Nadra) on Tuesday restarted the verification process of the Computerised National Identity Cards (CNICs). Special boards formulated by NADRA have revealed that more than 16000 national CNICs are in the name of
Chief of the Naval Staff Admiral Muhammad Zakaullah is on an official visit to Bahrain. During the visit, the Naval Chief called on Commander-in-Chief Bahrain Defence Forces, Field Marshal Sheikh Khalifa Bin Ahmed Al-Khalifa, Commander Bahrain National Gu
The parliamentary committee constituted to revisit and suggest amendments in the National Accountability Ordinance (NAO) would examine all anti-corruption laws before formulating NAB laws with consensus.
Hundreds of owners of private schools and colleges took out a rally to protest against the provincial government's anti-private education sector policies, and warned to expand the protest drive across the country, if the authorities concerned didn't resol
Oil and Gas Regulatory Authority (Ogra) Tuesday directed the gas utilities to ensure adequate gas pressure for both domestic and commercial consumers. In a directive, the Ogra directed the gas utilities (SNGPL and SSGC) to put all efforts in place to ensu
The number of 3G and 4G users in Pakistan reached 37.57 million by end of December 2016 against 36.41 million by November, a report of Pakistan Telecommunication Authority (PTA) revealed here on Tuesday.
Islamabad Chamber of Commerce and Industry (ICCI) would organise a three days exhibition of Islamabad Handicrafts and Women Entrepreneur products from January 20-22, 2017 at its Export Display Centre, G-8/1, Islamabad.
The third impact evaluation report of Benazir Income Support Programme (BISP) claims a 7 per cent drop in poverty while using FEI (Food Energy Intake) poverty line and 3 per cent decline in poverty gap in accordance with CBN (Cost of Basic Needs) poverty
The Securities and Exchange Policy Board paid glowing tributes to its outgoing chairman and current finance secretary, Dr Waqar Masood Khan here on Tuesday. The SECP chairman, Zafar Hijazi and other members greatly appreciated his sustained support for th
British Ambassador to Pakistan Thomas Drew on Tuesday said his country is ready to become a part of China Pakistan Economic Corridor (CPEC) project. Talking to the media persons in Islamabad, he said Britain values Pakistan's sacrifices in war on terror.
Marvi Memon evokes partisan responses on social media. But sitting in her office discussing the intricacies of Pakistan's flagship social-safety net (SSN) programme, BR Research found the former banker-turned-politico adequately apolitical. Arguably,
Marvi Memon evokes partisan responses on social media. But sitting in her office discussing the intricacies of Pakistan's flagship social-safety net (SSN) programme, BR Research found the former banker-turned-politico adequately apolitical. Arguably,
Central Development Working Party (CDWP) has approved as many as 18 development projects at an estimated cost of Rs 154 billion for various sectors including energy, transmission lines, higher education and information technology.
Second round of Pakistan-Turkey consultations on UN related matters was held on January 17, 2017 at the Ministry of Foreign Affairs, Islamabad. The Turkish delegation was led by Ambassador Hasan Ulusoy, Director General, Directorate General for Multilater
Maple Leaf Cement Factory has signed a contract with Denmark-based plant supplier, M/s FlSmidth for supply of equipment and engineering for a dry process clinker production line-3 of 7,300 metric tons per day grey clinker to enhance its grey cement capaci
McDonald's unveiled its new TVC at a star studded Golden Party held on January 15, at McDonald's Seaview Rooftop. A great party for everyone is all about great food, great music and even greater company. McDonald's Golden Party was everything a great part
JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial entity ratings of 'AA-/A-1' (Double A Minus/A-One) to International Industries Limited (IIL). Outlook on the assigned ratings is 'Stable'.
JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial entity ratings of 'AA-/A-1' (Double A Minus/A-One) to International Industries Limited (IIL). Outlook on the assigned ratings is 'Stable'.
President Vladimir Putin cracked raunchy jokes on Tuesday as he poked fun at claims that Russian secret services filmed US President-elect Donald Trump with prostitutes. Showing he is familiar with the claims in the explosive dossier, Putin launched into
Around 180 people are presumed to have died in the first major migrant boat disaster of 2017 in the Mediterranean, officials said Tuesday after interviewing a handful of survivors.
A mutinous soldier was killed in Ivory Coast's administrative capital Tuesday, as fresh trouble erupted after troops took to the streets, firing shots in the air and terrifying residents. The soldier's death in Yamoussoukro was the first since a mutiny ov
A British court on Tuesday ruled that a former Libyan militant can sue a former foreign minister and an ex-MI6 officer over his rendition in a landmark case that could pave the way for more lawsuits.
Brazilian police fired rubber bullets Tuesday at inmates who have taken over a jail where dozens were massacred over the weekend in the latest in a string of prison riots. Police positioned on top of the outer walls of the Alcacuz jail near the north-east
Canada's ethics commissioner has opened a probe of Prime Minister Justin Trudeau over his lavish post-Christmas vacation at the private island of billionaire philanthropist and spiritual leader the Aga Khan.
An Oslo court on Tuesday sentenced the American chief legal adviser of Norwegian fertiliser giant Yara International to seven years in prison for aggravated bribery in Libya and India.
Israeli forces killed a Palestinian who attempted to stab a soldier at a crossing in the occupied West Bank on Tuesday, the army said, with no injuries reported among Israelis.
President-elect Donald Trump takes office this week with dismal approval and popularity numbers, according to polls out Tuesday, underscoring the deep divisions among Americans as the New York businessman prepares for his inauguration.
A 34-year-old Uzbek man suspected of slaughtering 39 people at an Istanbul night-club on New Year's Eve confessed to the massacre on Tuesday, hours after his capture in a police raid. Authorities detained Abdulgadir Masharipov, who spent 17 days on the ru
Iranian President Hassan Rouhani said on Tuesday US President-elect Trump cannot unilaterally cancel the nuclear deal Tehran signed with world powers including Washington and that talk of renegotiating it was "meaningless".
The deputy chief of Romania's intelligence agency has been cleared of involvement with a fugitive media boss but will nonetheless quit the post, officials said Tuesday. Florian Coldea was suspended last week while the SRI intelligence service probed his l
The United States and Baltic Nato allies Estonia and Lithuania signed military deals on Tuesday as President-elect Donald Trump's pro-Moscow stance stokes uncertainty about future commitments. Fellow Baltic state Latvia has also inked a similar agreement
Six-time champion Novak Djokovic doused big-hitting Spaniard Fernando Verdasco to win the opening match of his Australian Open title defence in Melbourne on Tuesday. The indomitable Serb second seed avoided a potential first-round exit against Verdasco, w
Serena Williams began her quest for a 23rd Grand Slam title in style Tuesday, overcoming the threat from Swiss star Belinda Bencic in an Australian Open performance she modestly rated as "pretty good".
Ivo Karlovic smashed a jaw-dropping 75 aces as he beat Horacio Zeballos in a record, 84-game marathon which stretched more than five hours at the Australian Open on Tuesday. The Croatian serving specialist yelled in delight and pranced around the court as
Poland's Agnieszka Radwanska survived a dogfight to move into the Australian Open second round on Tuesday as she bids to end her long wait for a maiden Grand Slam title. The third seed battled past fellow veteran, Bulgarian Tsvetana Pironkova, 6-1, 4-6, 6
India has started building the world's biggest cricket stadium that will accommodate 110,000 spectators and cost around $100 million. Since the capacity of Kolkata's Eden Gardens was reduced as part of a major rebuilding project, Melbourne Cricket Ground
Former Scotland striker David Goodwillie and an ex team-mate were ordered Tuesday to pay £100,000 ($123,157, 115,275 euros) after a civil court ruled they had raped a woman. The fine was imposed despite Goodwillie and former Dundee United colleague David
South African batting star AB de Villiers said on Tuesday he had decided not to make himself available for a Test series in New Zealand in March but stressed that he had not retired from Test cricket. De Villiers, who turns 33 next month, said his main go
England's Joe Root has said he is ready to take on the mantle of Test skipper should Alastair Cook decide to relinquish the captaincy. Root, part of the England limited-overs squad currently in India, has been widely tipped to take over the Test reins if
Defending champions the Ivory Coast and Morocco on Monday became just the latest strongly fancied teams to fail to deliver at the Africa Cup of Nations in Gabon.
The Australian and New Zealand dollars held near two-month highs against the pound on Tuesday ahead of a speech by Prime Minister Theresa May that could set Britain on course for a "hard Brexit". Sterling was on the defensive at A$1.6117, having touched a
Sterling saw its biggest gains since at least 1998 on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain's deal to leave the EU and sought to draw a line under discussion of a "hard" or "soft" Brexit.
Most Asian currencies rose on Tuesday in a move that traders said was likely driven by position squaring ahead of a series of potentially market-moving events over the next several days. The South Korean won rose 0.7 percent and the Singapore dollar gaine
China's yuan firmed slightly against the dollar on Tuesday, buoyed by its firmer offshore counterpart and as corporates eased off heavy dollar purchases this week. The onshore market has shown more stability, with short sellers shying away from shorting t
The dollar fell heavily across the board on Tuesday, with sterling leading the charge against it as soothing words on Brexit from British prime minister Theresa May triggered the pound's biggest jump in eight years.
The dollar fell to a four-week low on Tuesday, moving lower against all Group of 10 currencies with sterling leading the charge after a soothing speech on Brexit from British Prime Minister Theresa May triggered the pound's largest one-day percentage gain
The British pound flirted with a three-month low on Tuesday, hit by fears that Prime Minister Theresa May's speech later in the day is likely to set Britain on a course that would end its access to the lucrative European Union single market.
The Sri Lankan rupee closed little changed in thin trade on Tuesday as dollar selling by foreign banks offset importer demand for the US currency, even as the rupee is expected to weaken after the central bank allowed flexibility in the exchange rate, dea
Britain's top share index posted its biggest one-day drop since June 2016 on Tuesday, with a jump in sterling following Prime Minister Theresa May's speech on Brexit hurting dollar-earning companies.
Australian shares lost traction on Tuesday as investors turned cautious ahead of a speech by British Prime Minister Theresa May to lay out plans to exit the European Union, which some traders fear will see Britain lose access to the bloc's single market.
European shares steadied on Tuesday, coming off lows as British Prime Minister Theresa May detailed her country's position on leaving the European Union, helping banking and travel stocks turn positive.
Shanghai's benchmark stock index rose on Tuesday, snapping a five-day losing streak, as small-caps staged a sharp afternoon rebound that let an index tracking them halt an eight-day slide.
Indian shares edged lower on Tuesday with Reliance Industries Ltd leading the losses as concerns about spending at its telecom unit overshadowed better-than-expected third-quarter earnings. The broader NSE index closed 0.18 percent lower at 8,398 while th
J.P. Morgan Chase & Co upgraded its investment recommendation on Indonesian stocks to "neutral" from "underweight" on Monday, partially reversing a move it made in November that upset the government. Indonesia cut its business ties with J.P. Morgan after
Most Southeast Asian stock markets ended lower on Tuesday as investors waited nervously for British Prime Minister Theresa May to lay out plans to exit the European Union amid fears Britain will losee access to the single market According to advance extra
Hong Kong shares bounced back on Tuesday from the previous day's spill, but gains were capped as investors awaited British Prime Minister Theresa May's speech on Brexit later in the day and Friday's inauguration of Donald Trump as US president.
US stocks came off session lows on Tuesday as gains in consumer staples stocks countered the decline in banks and healthcare companies. Biotechnology and pharmaceutical stocks came under pressure after President-elect Donald Trump told the Washington Post
Tokyo shares fell Tuesday as investors awaited British Prime Minister Theresa May's speech outlining details about how the country will handle its exit from the European Union. The pound edged back slightly but was still struggling after reports that May
Eurozone bond yields bounced off two-week lows on Tuesday after Britain said it would hold a parliamentary vote on the terms of its exit from the European Union and focus shifted to a European Central Bank meeting that could shed light on divisions among
Eurozone bond yields bounced off two-week lows on Tuesday after Britain said it would hold a parliamentary vote on the terms of its exit from the European Union and focus shifted to a European Central Bank meeting that could shed light on divisions among
Qatar's stock market rose to a multi-month high on Tuesday in the heaviest volume since late November, buoyed by the banking sector, while firmer oil prices supported the rest of the Gulf and foreign investors bought up Egyptian shares.
The world economy has not yet emerged from a period of slow growth, a trend that threatens to derail an ambitious UN plan to end extreme poverty by 2030, a UN report said Tuesday.
Iran will build a mobile phone network and petrol terminal in Syria under deals signed in Tehran on Tuesday during a visit by Prime Minister Imad Khamis, Iranian media reported.
China's cabinet issued measures on Tuesday to further open the world's second-largest economy to foreign investment, including easing limits on investment in banks and other financial institutions.
The number of international tourists rose by four percent world-wide to 1.2 billion in 2016 as Asians travelled more, but security fears hit visitor arrivals in Europe, the World Tourism Organisation (WTO) said Tuesday.
A new breeze blew in Saudi Arabia Tuesday when the oil-dependent kingdom inaugurated its first wind turbine as part of a renewable energy drive. State oil giant Saudi Aramco said the turbine was developed in partnership with US industrial conglomerate Gen
British inflation rose more strongly than expected in December to hit its highest level since mid-2014, propelled by the Brexit-fuelled fall in the value of sterling which looks set to hit consumers' spending power harder in the coming months.
Walmart announced on Tuesday it will invest $6.8 billion in the United States and create 10,000 jobs in stores and e-commerce, a move for which President-elect Donald Trump quickly took credit.
General Motors said Tuesday it will invest an additional $1 billion in US manufacturing operations and create up to 5,000 jobs in the coming years, for which Donald Trump immediately took credit.
Vietnam is courting high-tech Japanese investment and wants Tokyo to become its top investor, its premier said Tuesday during a visit by Prime Minister Shinzo Abe.
Emirates is opening up its lounges at its Dubai hub to lower-tier frequent flyer members in what is the latest move by the world's largest long-haul airline to look for new ways to boost revenues. Emirates, which reported a 75 percent drop in half-year pr
New Zealand business confidence rose to the highest level in more than two years in the fourth quarter and inflation pressures picked up, a private think tank said on Tuesday. Signals of an economy racing along reinforce the likelihood of the Reserve Bank
The Bank of Japan raised its economic assessment for three of the country's nine regions in a quarterly report on Monday, saying that most areas were seeing a moderate economic recovery. The upgrade reflected a pick-up in private consumption and demand fr
Eurozone banks expect loan demand to rise and qualifying to borrow to be easier in the first quarter of 2017 as economic activity continues to expand in the 19-member currency bloc, the European Central Bank said in a quarterly survey on Tuesday.
Singapore's exports in December jumped for a second month thanks to solid shipments to China in a tentative sign of recovery for the external sector, but analysts were cautious about the outlook amid protectionist concerns stoked by incoming US President
Widespread flooding in southern Thailand may cost 85-120 billion baht ($2.4-$3.4 billion), or 0.5-0.7 percent of gross domestic product (GDP), if its lasts for 2-3 months, the Thai Chamber of Commerce said on Tuesday. But if they end in one or two weeks,
Billionaire Wilbur Ross, chosen by Donald Trump to help implement the president-elect's trade agenda, earned his fortune in part by running businesses that have offshored thousands of US jobs, according to Labour Department data attained by Reuters.
Mozambique, caught between a scandal over hidden debt that has prompted an aid cut-off and a commodity price slump, said Monday it would miss a $60 million interest payment. The country is currently in talks with the International Monetary Fund (IMF) over
Morgan Stanley executive Debbie Hart, who helped to grow the bank's physical commodities businesses, has retired from the bank, a spokesman confirmed on Monday. Hart, who spent 23 years at Morgan Stanley, most recently served as the chief operating office
Gold jumped more than 1 percent to its highest in nearly eight weeks on Tuesday after US President-elect Donald Trump said the dollar was "too strong", sending the greenback lower. Spot gold rose 0.7 percent to $1,217.11 per ounce by 1335 GMT, after touch
Gold climbed on Monday to its highest in more than seven weeks on buying fuelled by political uncertainty after comments by US President-elect Donald Trump on Nato and China. Spot gold was up 0.5 percent at $1,202.8 an ounce by 1:58 pm EST (1436 GMT) from
ICE robusta coffee hit a fresh 4-1/2 year high on Tuesday, lifted by prospects for a smaller crop in Brazil due to poor weather, while London cocoa fell on a stronger pound. March robusta coffee rose $15, or 0.67 percent, to $2,248 a tonne by 1521 GMT, ne
Malaysian palm oil futures rose more than 1 percent in trade on Tuesday, earlier tracking gains in rival oilseed soya and supported by bullish sentiment on tight market supplies in the evening. It was little affected by an industry group forecast of risin
Benchmark Tokyo rubber futures ended down on Tuesday after hitting a near four-year high earlier on profit-taking and a stronger yen against the dollar. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia,
Norway awarded 56 offshore exploration licences on Tuesday, matching last year's record number, as it seeks to boost output from acreage located near existing oil and gas fields. A total of 29 companies won stakes in the annual award of blocks in mature a
Copper fell for a second day on Tuesday as uncertainty ahead of Donald Trump's inauguration as US president this week and concerns over Britain's impending exit from the European Union hurt appetite for cyclical assets.
The most-traded copper contract on the Shanghai Futures Exchange closed down 1.2 percent to 47,320 yuan a tonne on Tuesday as a firmer US dollar pressured the market, but expectations of strong demand in top consumer China put a floor under the market.
Basis bids for hard red winter held steady at most terminals around the southern US Plains on Friday but continued to firm for supplies headed to the US Gulf export market, dealers said. The US Gulf track basis rose by 5 cents, to $1.22 per bushel above K
Trading activity could not pick up pace on the cotton market on Tuesday as the ginners raised asking prices in anticipation of getting better rates, dealers said.
The Karachi Port handled 126,175 tonnes of cargo comprising 106,372 tonnes of import cargo and 19,803 tonnes of export cargo including NA loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Russian wheat prices rose slightly last week due to a stronger rouble after long New Year holidays in Russia, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content for January supply were $183 per tonne on a free-on
Brazil's center-south region produced only 127,000 tonnes of sugar in the second half of December, compared to 379,000 in the previous two-week period, as mills operations are basically over for the 2016/17 crop. Mills in the main cane belt in Brazil crus
Euronext wheat futures were little changed on Monday in light trade as a US holiday closure deprived the European market of impetus while traders waited to see the impact of a severe cold spell. March milling wheat, the benchmark contract on the Paris-bas
Soyameal on the European meals and feeds market rallied on Friday following bullish USDA supply/demand reports and concerns that excessive rains in Argentina could harm the soyabean crop. "The European cash market followed the steep gains in Chicago soyam
On Monday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,113. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 2.80 billion and the number of lots traded was 5,993.
A lack of rainfall across most of Ivory Coast's main cocoa regions combined with Harmattan winds have raised concerns about the quality of new crops, farmers said on Monday. Ivory Coast is in the dry season which runs from mid-November to March, when down
Ukraine increased its sugar production from beet by around a third to 2 million tonnes in 2016, Ukrainian sugar producers' union Ukrtsukor said on Thursday. Some 42 sugar refineries processed 13.7 million tonnes of sugar beet, it said in a statement.
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
