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Archive - 2017-01-29
More than 40 detained in Chile for spreading forest fires
Front Top News

More than 40 detained in Chile for spreading forest fires

SANTIAGO: Authorities have detained 43 people suspected of stoking some of the deadly Chilean forest fires that have killed 11 people and destroyed large swaths of land, President Michelle Bachelet said Sunday.
Published 29 Jan, 2017 08:25pm
Arab League chief voices 'deep concern' at US travel ban
World Top News

Arab League chief voices 'deep concern' at US travel ban

CAIRO: The head of the Arab League expressed "deep concern" Sunday about President Donald Trump's restrictions on citizens of seven Muslim-majority countries entering the United States.
Published 29 Jan, 2017 05:04pm
Trump tweets support for 'strong borders'
North America

Trump tweets support for 'strong borders'

WASHINGTON: President Donald Trump tweeted his defence Sunday of his order temporarily banning immigration to the United States for refugees and some Muslim travelers -- a controversial policy which has sparked international furor and two days of US prote
Published 29 Jan, 2017 03:20pm
Arab League hopes Trump will reconsider Jerusalem vow
Pakistan Top News

Arab League hopes Trump will reconsider Jerusalem vow

CAIRO: An Arab League official said Sunday the organisation hopes US President Donald Trump will retract his campaign pledge to move the American embassy in Israel from Tel Aviv to Jerusalem.
Published 29 Jan, 2017 03:19pm
Volkswagen recalls nearly 600,000 Audis in US
Industry

Volkswagen recalls nearly 600,000 Audis in US

NEW YORK: German carmaker Volkswagen will recall nearly 600,000 vehicles in the United States, most of them its premium Audi brand, over defects that could lead to fires or airbag malfunctions.
Published 29 Jan, 2017 11:47am
US agrees to 'immediate' post-Brexit trade talks: UK
Europe

US agrees to 'immediate' post-Brexit trade talks: UK

LONDON: US President Donald Trump has agreed to start immediate trade talks with Britain with the goal of preserving current arrangements when it leaves the European Union, the prime minister's office said Saturday.
Published 29 Jan, 2017 11:44am
Canada's Trudeau welcomes all immigrants in sunny Twitter message
World Top News

Canada's Trudeau welcomes all immigrants in sunny Twitter message

OTTAWA: Prime Minister Justin Trudeau welcomed Canadian immigrants Saturday in a sunny Twitter message written in stark contrast to Donald Trump's order temporarily banning all refugees and many Muslims from traveling to the United States.
Published 29 Jan, 2017 11:40am
US travel ban working 'very nicely,' Trump says
North America

US travel ban working 'very nicely,' Trump says

WASHINGTON: US President Donald Trump boasted Saturday that his "very strict" crackdown on Muslim immigration was working "very nicely," amid mounting resistance to the order branded as blatantly discriminatory.
Published 29 Jan, 2017 11:36am
'57 dead' in first US raid on Qaeda in Yemen under Trump
World Top News

'57 dead' in first US raid on Qaeda in Yemen under Trump

ADEN: A US raid in Yemen killed 41 suspected Al-Qaeda militants and 16 civilians on Sunday, an official said, in what would be America's first military action in the country under President Donald Trump.
Published 29 Jan, 2017 10:55am
Missing blogger Asim returns home
Pakistan Top News

Missing blogger Asim returns home

ISLAMABAD: A third Pakistani blogger who went missing earlier this month is safe, his family told AFP Sunday, a day after two of the other disappeared men were confirmed secure.
Published 29 Jan, 2017 10:46am
Germany's Schaeuble admits mistakes in refugee policy
Europe

Germany's Schaeuble admits mistakes in refugee policy

BERLIN: Germany made mistakes with an open-door policy that saw more than a million migrants enter Germany over the past two years, Finance Minister Wolfgang Schaeuble acknowledged on Sunday, but he said Berlin was trying to learn from those missteps.
Published 29 Jan, 2017 09:52am
Trump travel ban 'great gift to extremists': Iran FM
World Top News

Trump travel ban 'great gift to extremists': Iran FM

TEHRAN: Iran's Foreign Minister Mohammad Javad Zarif said Sunday that US President Donald Trump's decision to ban arrivals from seven Muslim majority countries was "a great gift to extremists".
Published 29 Jan, 2017 08:41am
Trump immigration ban loses first legal battle
World Top News

Trump immigration ban loses first legal battle

NEW YORK: A federal judge blocked Saturday part of President Donald Trump's temporary immigration ban, ordering authorities to stop deporting refugees and other travelers stuck at US airports.
Published 29 Jan, 2017 06:29am
Policy rate remains unchanged; SBP worried about external sector
Cotton

Policy rate remains unchanged; SBP worried about external sector

State Bank of Pakistan is worried about the external sector as the need for financial flows might grow further. The average inflation clocked in at 3.9 percent during first half of this year, lower than earlier projection due to smooth supply of perishabl
Published 29 Jan, 2017 12:00am
Remittance inflows likely to cross $20 billion mark

Remittance inflows likely to cross $20 billion mark

Despite recent slowdown, the State Bank of Pakistan (SBP) is expecting that home remittance inflows will cross $20 billion mark end of this fiscal year. While unveiling Monetary Policy Decision at a press conference on Saturday at SBP head office here, Go
Published 29 Jan, 2017 12:00am
Remittance inflows likely to cross $20 billion mark

Remittance inflows likely to cross $20 billion mark

Despite recent slowdown, the State Bank of Pakistan (SBP) is expecting that home remittance inflows will cross $20 billion mark end of this fiscal year. While unveiling Monetary Policy Decision at a press conference on Saturday at SBP head office here, Go
Published 29 Jan, 2017 12:00am
Remittance inflows likely to cross $20 billion mark

Remittance inflows likely to cross $20 billion mark

Despite recent slowdown, the State Bank of Pakistan (SBP) is expecting that home remittance inflows will cross $20 billion mark end of this fiscal year. While unveiling Monetary Policy Decision at a press conference on Saturday at SBP head office here, Go
Published 29 Jan, 2017 12:00am
Remittance inflows likely to cross $20 billion mark

Remittance inflows likely to cross $20 billion mark

Despite recent slowdown, the State Bank of Pakistan (SBP) is expecting that home remittance inflows will cross $20 billion mark end of this fiscal year. While unveiling Monetary Policy Decision at a press conference on Saturday at SBP head office here, Go
Published 29 Jan, 2017 12:00am
Trump announces strict scrutiny of visitors from Pakistan

Trump announces strict scrutiny of visitors from Pakistan

US President Donald Trump has clarified that people from Afghanistan, Pakistan and Saudi Arabia would have to face extreme vetting for getting US visa. The president expressed these views in his first televised sit-down interview to ABC News. "We are excl
Published 29 Jan, 2017 12:00am
Trump announces strict scrutiny of visitors from Pakistan

Trump announces strict scrutiny of visitors from Pakistan

US President Donald Trump has clarified that people from Afghanistan, Pakistan and Saudi Arabia would have to face extreme vetting for getting US visa. The president expressed these views in his first televised sit-down interview to ABC News. "We are excl
Published 29 Jan, 2017 12:00am
Trump suspends refugee programme

Trump suspends refugee programme

US President Donald Trump signed a sweeping new executive order Friday to suspend refugee arrivals and impose tough controls on travellers from seven Muslim countries. Making good on one of his most controversial campaign promises, and to the horror of hu
Published 29 Jan, 2017 12:00am
Trump suspends refugee programme

Trump suspends refugee programme

US President Donald Trump signed a sweeping new executive order Friday to suspend refugee arrivals and impose tough controls on travellers from seven Muslim countries. Making good on one of his most controversial campaign promises, and to the horror of hu
Published 29 Jan, 2017 12:00am
Iran says will respond in kind to Trump's 'insulting' ban

Iran says will respond in kind to Trump's 'insulting' ban

Iran will ban Americans from entering the country in response to President Donald Trump's "insulting" order restricting arrivals from Iran and six other Muslim states, the foreign ministry said Saturday. "The Islamic Republic of Iran... has decided to res
Published 29 Jan, 2017 12:00am
Iran says will respond in kind to Trump's 'insulting' ban

Iran says will respond in kind to Trump's 'insulting' ban

Iran will ban Americans from entering the country in response to President Donald Trump's "insulting" order restricting arrivals from Iran and six other Muslim states, the foreign ministry said Saturday. "The Islamic Republic of Iran... has decided to res
Published 29 Jan, 2017 12:00am
Europe must have 'firm' response to Trump: Hollande

Europe must have 'firm' response to Trump: Hollande

French President Francois Hollande on Saturday urged Europe to form a united front and provide a "firm" response to his US counterpart Donald Trump's controversial policies. "When there are statements from the US president about Europe and when he talks a
Published 29 Jan, 2017 12:00am
Europe must have 'firm' response to Trump: Hollande

Europe must have 'firm' response to Trump: Hollande

French President Francois Hollande on Saturday urged Europe to form a united front and provide a "firm" response to his US counterpart Donald Trump's controversial policies. "When there are statements from the US president about Europe and when he talks a
Published 29 Jan, 2017 12:00am
Will take due powers as mayor of city, says Waseem

Will take due powers as mayor of city, says Waseem

Mayor of the metropolis city Karachi, Waseem Akhtar has vowed to take his due powers as a mayor of the city. Waseem Akhtar who was seen with cobra in his hand revealed this while talking to media persons outside Frere Hall here on Saturday. The Mayor Kara
Published 29 Jan, 2017 12:00am
Aitzaz alleges SC judges of soft attitude towards Nawaz

Aitzaz alleges SC judges of soft attitude towards Nawaz

Senior leader of Pakistan People's Party (PPP) and constitutional expert, Senator Aitzaz Ahsan has alleged that judges of the Supreme Court (SC) hearing the Panama Leaks case have soft corner for the Prime Minister Nawaz Sharif. Speaking during a private
Published 29 Jan, 2017 12:00am
Indian soldiers buried under snow rescued

Indian soldiers buried under snow rescued

Five Indian soldiers have been rescued alive after they were buried under heavy snow Saturday in held Kashmir, where 20 people were killed by avalanches earlier this week, a military official said. "All the five soldiers were successfully rescued and are
Published 29 Jan, 2017 12:00am
Afridi's National Assembly membership still not restored: ECP

Afridi's National Assembly membership still not restored: ECP

The Election Commission of Pakistan (ECP) said on Saturday that Pakistan Tehreek-e-Insaf (PTI) leader Shehryar Afridi's membership of National Assembly has not been restored yet. Shehryar Afridi whose membership of National Assembly has been suspended sin
Published 29 Jan, 2017 12:00am
Afridi's National Assembly membership still not restored: ECP

Afridi's National Assembly membership still not restored: ECP

The Election Commission of Pakistan (ECP) said on Saturday that Pakistan Tehreek-e-Insaf (PTI) leader Shehryar Afridi's membership of National Assembly has not been restored yet. Shehryar Afridi whose membership of National Assembly has been suspended sin
Published 29 Jan, 2017 12:00am
FBR plans to spend Rs 512.876 million on capacity building

FBR plans to spend Rs 512.876 million on capacity building

The Federal Board of Revenue (FBR) is planning to spend an amount of Rs 512.876 million ($4.899 million) for strengthening the FBR's capacity in fiscal research & tax policy analysis and establishing a Private Cloud Data Centre under the Trust Fund for Ac
Published 29 Jan, 2017 12:00am
FBR plans to spend Rs 512.876 million on capacity building

FBR plans to spend Rs 512.876 million on capacity building

The Federal Board of Revenue (FBR) is planning to spend an amount of Rs 512.876 million ($4.899 million) for strengthening the FBR's capacity in fiscal research & tax policy analysis and establishing a Private Cloud Data Centre under the Trust Fund for Ac
Published 29 Jan, 2017 12:00am
FBR plans to spend Rs 512.876 million on capacity building

FBR plans to spend Rs 512.876 million on capacity building

The Federal Board of Revenue (FBR) is planning to spend an amount of Rs 512.876 million ($4.899 million) for strengthening the FBR''s capacity in fiscal research & tax policy analysis and establishing a Private Cloud Data Centre under the Trust Fund for A
Published 29 Jan, 2017 12:00am
May woos Turkey for trade, presses on rights

May woos Turkey for trade, presses on rights

British Prime Minister Theresa May on Saturday promised steps to ramp up trade between Turkey and Britain ahead of Brexit but also urged Ankara to uphold human rights following a failed coup. On her first visit to Turkey as premier and fresh from meeting
Published 29 Jan, 2017 12:00am
May woos Turkey for trade, presses on rights

May woos Turkey for trade, presses on rights

British Prime Minister Theresa May on Saturday promised steps to ramp up trade between Turkey and Britain ahead of Brexit but also urged Ankara to uphold human rights following a failed coup. On her first visit to Turkey as premier and fresh from meeting
Published 29 Jan, 2017 12:00am
May woos Turkey for trade, presses on rights

May woos Turkey for trade, presses on rights

British Prime Minister Theresa May on Saturday promised steps to ramp up trade between Turkey and Britain ahead of Brexit but also urged Ankara to uphold human rights following a failed coup. On her first visit to Turkey as premier and fresh from meeting
Published 29 Jan, 2017 12:00am
May woos Turkey for trade, presses on rights

May woos Turkey for trade, presses on rights

British Prime Minister Theresa May on Saturday promised steps to ramp up trade between Turkey and Britain ahead of Brexit but also urged Ankara to uphold human rights following a failed coup. On her first visit to Turkey as premier and fresh from meeting
Published 29 Jan, 2017 12:00am
Dar briefed on debt management

Dar briefed on debt management

Federal Finance Minister, Senator Mohammad Ishaq Dar, chaired a meeting on debt management here at the Ministry of Finance on Saturday. Director General Debt gave a detailed briefing to the finance minister on debt management. He apprised the finance mini
Published 29 Jan, 2017 12:00am
Dar briefed on debt management

Dar briefed on debt management

Federal Finance Minister, Senator Mohammad Ishaq Dar, chaired a meeting on debt management here at the Ministry of Finance on Saturday. Director General Debt gave a detailed briefing to the finance minister on debt management. He apprised the finance mini
Published 29 Jan, 2017 12:00am
Dar briefed on debt management

Dar briefed on debt management

Federal Finance Minister, Senator Mohammad Ishaq Dar, chaired a meeting on debt management here at the Ministry of Finance on Saturday. Director General Debt gave a detailed briefing to the finance minister on debt management. He apprised the finance mini
Published 29 Jan, 2017 12:00am
Serena beats Venus to set new Slams record

Serena beats Venus to set new Slams record

A jubilant Serena Williams said it was "awesome" to finally clinch a record 23rd Grand Slam title after beating her sister Venus in the Australian Open final, a result which also took her back to world number one. The dominant American won her seventh Aus
Published 29 Jan, 2017 12:00am
Serena beats Venus to set new Slams record

Serena beats Venus to set new Slams record

A jubilant Serena Williams said it was "awesome" to finally clinch a record 23rd Grand Slam title after beating her sister Venus in the Australian Open final, a result which also took her back to world number one. The dominant American won her seventh Aus
Published 29 Jan, 2017 12:00am
Dastgir offers huge relief to tanners

Dastgir offers huge relief to tanners

Federal Minister for Commerce, Khurram Dastgir Khan has announced the revival of 75 percent refund to the tanneries from Export Development Fund to share leather testing charges from international labs. He made this announcement while formally inauguratin
Published 29 Jan, 2017 12:00am
Dastgir offers huge relief to tanners

Dastgir offers huge relief to tanners

Federal Minister for Commerce, Khurram Dastgir Khan has announced the revival of 75 percent refund to the tanneries from Export Development Fund to share leather testing charges from international labs. He made this announcement while formally inauguratin
Published 29 Jan, 2017 12:00am
Dastgir offers huge relief to tanners

Dastgir offers huge relief to tanners

Federal Minister for Commerce, Khurram Dastgir Khan has announced the revival of 75 percent refund to the tanneries from Export Development Fund to share leather testing charges from international labs. He made this announcement while formally inauguratin
Published 29 Jan, 2017 12:00am
China accuses EU of protectionism over new steel taxes

China accuses EU of protectionism over new steel taxes

Beijing has accused the European Union of "protectionist" behaviour after Brussels imposed anti-dumping duties on Chinese steel products, as it seeks to protect struggling steel makers in Europe. The EU Commission said Friday it would impose taxes of betw
Published 29 Jan, 2017 12:00am
China accuses EU of protectionism over new steel taxes

China accuses EU of protectionism over new steel taxes

Beijing has accused the European Union of "protectionist" behaviour after Brussels imposed anti-dumping duties on Chinese steel products, as it seeks to protect struggling steel makers in Europe. The EU Commission said Friday it would impose taxes of betw
Published 29 Jan, 2017 12:00am
China accuses EU of protectionism over new steel taxes

China accuses EU of protectionism over new steel taxes

Beijing has accused the European Union of "protectionist" behaviour after Brussels imposed anti-dumping duties on Chinese steel products, as it seeks to protect struggling steel makers in Europe. The EU Commission said Friday it would impose taxes of betw
Published 29 Jan, 2017 12:00am
China accuses EU of protectionism over new steel taxes

China accuses EU of protectionism over new steel taxes

Beijing has accused the European Union of "protectionist" behaviour after Brussels imposed anti-dumping duties on Chinese steel products, as it seeks to protect struggling steel makers in Europe. The EU Commission said Friday it would impose taxes of betw
Published 29 Jan, 2017 12:00am
Multi-warhead Ababeel

Multi-warhead Ababeel

In early 1965, when it became evident that India's nuclear programme is war-oriented, Pakistan was left with no choice but to go nuclear. It was then that Foreign Minister, Zulfikar Ali Bhutto declared "If India makes an atom bomb, then we will also do so
Published 29 Jan, 2017 12:00am
The Trump presidency

The Trump presidency

Given his nationalistic rhetoric all through the election campaign and post-victory, no power transfer event in the US generated as much interest, inside and outside the country, as President Donald J Trump's inaugural speech and the spate of executive or
Published 29 Jan, 2017 12:00am
Parachinar carnage

Parachinar carnage

The horrific terrorist strike in Parachinar's vegetable market that left 25 people dead and 87 others injured raises inevitable questions about the ability, even willingness, of those responsible for internal security to take necessary preventive measures
Published 29 Jan, 2017 12:00am
Federalism and electricity

Federalism and electricity

Electricity is largely a federal subject in our constitution with some role for the provinces in small-scale power generation and the sector being under the oversight of the Council of Common Interest (CCI), although some confusion persists as evidenced b
Published 29 Jan, 2017 12:00am
Local government aspect in good governance

Local government aspect in good governance

In the current circumstances, good governance is required for better economic growth. In real democracy as survival of government is a part of good governance. We have some main characteristics of good governance such as accountability, transparency, rule
Published 29 Jan, 2017 12:00am
Rich? Scared about the Trumpocalypse? Try New Zealand

Rich? Scared about the Trumpocalypse? Try New Zealand

The elevation of an unpredictable billionaire to the helm of nuclear-armed America has given fresh impetus to the idea of remote New Zealand as a bulwark for civilisation in the event of a global catastrophe. The idea has pedigree - British science fictio
Published 29 Jan, 2017 12:00am
Scuffle in National Assembly

Scuffle in National Assembly

This is apropos aBusiness Recorder news item "Meeting over NA scuffle ends inconclusively" carried by the newspaper yesterday. According to it, a meeting of parliamentary party leaders chaired by National Assembly Speaker Sardar Ayaz Sadiq over Thu
Published 29 Jan, 2017 12:00am
Government urged to include FATA in NFC award

Government urged to include FATA in NFC award

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that Fata continue to brave losses to the tune of billions of rupees due to war on terror which has devastated its economy therefore, it should be included in the N
Published 29 Jan, 2017 12:00am
Sharjeel's arrest warrant suspended

Sharjeel's arrest warrant suspended

The Accountability Court in Karachi on Saturday suspended the arrest warrant of former provincial minister for information Sharjeel Memon in Rs 5 billion corruption case. During the hearing the court also stopped the action to declare Sharjeel 'wanted' in
Published 29 Jan, 2017 12:00am
Closure of industrial units by SEPA termed arbitrary act

Closure of industrial units by SEPA termed arbitrary act

Terming closure of industrial units by Sindh Environmental Protection Agency (SEPA) an arbitrary act, Hyderabad SITE Association of Trade and Industry has demanded reopening of factories and granting more time to fulfill environmental requirements.
Published 29 Jan, 2017 12:00am
Cold & dry weather forecast

Cold & dry weather forecast

The Met Office on Saturday forecast mainly cold, dry and partly cloudy weather for the most parts of the country in the next 24 hours. However, it said, rain-thunderstorm with snowfall over the hills is expected at isolated places in Malakand and Hazara D
Published 29 Jan, 2017 12:00am
World Bank pledges $6 million for Sindh nutrition programme

World Bank pledges $6 million for Sindh nutrition programme

Chief Minister of Sindh Syed Murad Ali Shah has said that his government was striving hard to make healthy, wealthy and developed Sindh. "My each and every move is in that direction but this all would be possible when donor agencies like World Bank show s
Published 29 Jan, 2017 12:00am
World Bank pledges $6 million for Sindh nutrition programme

World Bank pledges $6 million for Sindh nutrition programme

Chief Minister of Sindh Syed Murad Ali Shah has said that his government was striving hard to make healthy, wealthy and developed Sindh. "My each and every move is in that direction but this all would be possible when donor agencies like World Bank show s
Published 29 Jan, 2017 12:00am
SSGC clarification

SSGC clarification

This is with reference to the news item that appeared in various sections of the press with regards to the statement of Masood Naqi, President of Korangi Association of Trade and Industry (KATI) on January 26, 2017. At the outset, it must be reiterated th
Published 29 Jan, 2017 12:00am
Federal government picks new Sindh governor

Federal government picks new Sindh governor

The Federal Government has decided to appoint Federal Minister and Chairman Privatization Commission, Muhammad Zubair as Sindh governor. In this regard, all preparations have been completed. Zubair is expected to take oath as the governor on Tuesday or We
Published 29 Jan, 2017 12:00am
Imran says he's competing with Nawaz

Imran says he's competing with Nawaz

Pakistan Tehrik-e-Insaaf Chairman Imran Khan Saturday said his competition in politics is with Nawaz Sharif. Addressing a function at Hayatabad Sports complex, during which he unveiled the under-23 competition logo and Trophy, Imran Khan said there is com
Published 29 Jan, 2017 12:00am
Waheed Ahmed made chief of FPCCI body

Waheed Ahmed made chief of FPCCI body

Zubair Tufail, President Federation Pakistan Chamber of Commerce and Industry (FPCCI), has announced to appoint Waheed Ahmed as Chairman of FPCCI standing committee on 'Fruit and Vegetable Exports and Imports' for the year 2017. Waheed Ahmed is also patro
Published 29 Jan, 2017 12:00am
Ziauddin University holds three-day international moot

Ziauddin University holds three-day international moot

Ziauddin University is organizing a three-day international conference "Bridging the gap in primary healthcare innovations, translations beyond" to be held in February 3 to 5, 2017 at the Ziauddin University, Clifton Campus. Professor Dr Shabbir Ahmed Leh
Published 29 Jan, 2017 12:00am
NBP awards customers for sending remittances through legal channels

NBP awards customers for sending remittances through legal channels

A prize distribution ceremony was held at Sialkot where National Bank of Pakistan distributed prizes to its remittance customers who used NBP's services to receive their remittance payments through legal channels. The prizes included motor bikes, LCD TVs,
Published 29 Jan, 2017 12:00am
Shahbaz chairs meeting to inspect use of unregistered stents

Shahbaz chairs meeting to inspect use of unregistered stents

A high level meeting, with Chief Minister Punjab Muhammad Shehbaz Sharif in the chair, on Saturday reviewed the incident of using unregistered stent for patients in some hospitals. Chairman Chief Minister's Inspection Team (CMIT) presented the report abou
Published 29 Jan, 2017 12:00am
Islamabad's crime surge
Currency

Islamabad's crime surge

The Federal Capital witnessed a rise in different kinds of crimes during the last seven days as the city police registered over 25 different cases of robbery, burglary, theft, purse snatching, carjacking, kidnapping and dishonoured cheques.
Published 29 Jan, 2017 12:00am
UN urged to implement Security Council resolutions on Kashmir

UN urged to implement Security Council resolutions on Kashmir

A spokesperson for Foreign Office said here on Saturday that freedom struggle in the Indian-held Kashmir cannot be suppressed through acts of brutalities and reiterated Pakistan's continued support to the right to self-determination of the people of the o
Published 29 Jan, 2017 12:00am
World Bank CEO appreciates Punjab government's progress

World Bank CEO appreciates Punjab government's progress

The Chief Executive Officer of the World Bank Kristalina Georieva, during a meeting with the Chief Minister Punjab Mian Shahbaz Sharif, said, "The Punjab Government has shown wonderful performance in different sectors under yours leadership and, you are d
Published 29 Jan, 2017 12:00am
World Bank CEO appreciates Punjab government's progress

World Bank CEO appreciates Punjab government's progress

The Chief Executive Officer of the World Bank Kristalina Georieva, during a meeting with the Chief Minister Punjab Mian Shahbaz Sharif, said, "The Punjab Government has shown wonderful performance in different sectors under yours leadership and, you are d
Published 29 Jan, 2017 12:00am
CDA intensifies drive against violators of building laws

CDA intensifies drive against violators of building laws

Tightening noose around mighty builders for showing disrespect to building bylaws and not fulfilling the conditions of their agreements, the Capital Development Authority (CDA) has intensified its campaign against such violators.
Published 29 Jan, 2017 12:00am
Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items witness mixed trend

Prices of the essential kitchen items have witnessed a mixed trend during the last week as compared with the preceding week, a survey carried out byBusiness Recorder revealed here on Saturday. The survey observed that the prices of most used kitche
Published 29 Jan, 2017 12:00am
CPEC may be fully functional by 2020: Faisalabad Chamber

CPEC may be fully functional by 2020: Faisalabad Chamber

China-Pakistan Economic Corridor (CPEC) is expected to become fully functional by 2020 and in order to transform this transit facility into real economic corridor Pakistan has to play its cards prudently, said Engineer Ahmad Hasan Vice President Faisalaba
Published 29 Jan, 2017 12:00am
Sindh criticised for not sharing revived subsidy

Sindh criticised for not sharing revived subsidy

The Punjab Agriculture Minister Naeem Akhtar Bhabha has strongly criticized Sindh government for not sharing the revived subsidy on fertilizer and said this delay on it part is equal to economic murder of the growers. In a statement issued here Saturday,
Published 29 Jan, 2017 12:00am
LHC CJ wants 'stay culture' discouraged

LHC CJ wants 'stay culture' discouraged

Chief Justice Lahore High Court Justice Syed Mansoor Ali Shah here on Saturday said that 'stay culture' needed to be discouraged, as it was hitting the economy hard.
Published 29 Jan, 2017 12:00am
JI chief for enforcement of Shariah to overcome problems

JI chief for enforcement of Shariah to overcome problems

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said that had Prime Minister Nawaz Sharif fulfilled his commitments for the enforcement of the Shariah made at the Holy Ka'ba and the Holy Prophet's mosque, he might not had to face the Panama l
Published 29 Jan, 2017 12:00am
Malala 'heartbroken' by Trump's order on refugees

Malala 'heartbroken' by Trump's order on refugees

Malala Yousafzai, the Nobel Peace laureate, has said she was "heartbroken" by Donald Trump's order on refugees and urged the US president not to abandon the world's "most defenseless." "I am heartbroken that today President Trump is closing the door on ch
Published 29 Jan, 2017 12:00am
Wapda chairman reviews Tarbela fourth Extension Project

Wapda chairman reviews Tarbela fourth Extension Project

The Pakistan Water and Power Development Authority (WAPDA) Lieutenant General Muzammil Hussain (Retd) has reviewed the progress on the under-construction 1410MW Tarbela 4th Extension Hydropower Project. He directed the project management to take all possi
Published 29 Jan, 2017 12:00am
PIA to resume Quetta-Multan flights from February 1

PIA to resume Quetta-Multan flights from February 1

Pakistan International Airlines (PIA) will resume Quetta-Multan flights from February 1 which was stopped in November last. "Owing to grounding of ATRs after Chitral tragedy, PK-682 was stopped," PIA Spokesperson Danyal Gilani said. He added that the flig
Published 29 Jan, 2017 12:00am
LCCI seeks slash of 25 basis points in MP rate

LCCI seeks slash of 25 basis points in MP rate

President of Lasbela Chamber of Commerce and Industry (LCCI), Ismail Suttar said that SBP has not lowered the interest rate in its last few policies. He said that there should be a slash of 25 basis points to bring the policy rate to 5.50 per cent from 5.
Published 29 Jan, 2017 12:00am
Girl drowns as father throws daughters in storm drain

Girl drowns as father throws daughters in storm drain

A pitiless father on Friday threw his two daughters in nullah in Shakargarh. According to details, the incident took place in Deenpur Village when a driver Amjad took his eight-year-old daughter Maryam and ten-year-old Zainab outside for a ride and threw
Published 29 Jan, 2017 12:00am
PIAF welcomes construction of parking plazas

PIAF welcomes construction of parking plazas

Pakistan Industrial and Traders Associations Front (PIAF) has welcomed the Punjab government's plan to build 13 new parking plazas to provide safe, secure and quality parking facilities to the traders and general public. The PIAF chairman Irfan Iqbal Shei
Published 29 Jan, 2017 12:00am
Punjab healthcare body settles negligence plaints

Punjab healthcare body settles negligence plaints

Punjab Healthcare Commission (PHC) has so far disposed of 554 complaints filed by patients about negligence, malpractices or administrative failures on the part of healthcare staff as well as institutions.
Published 29 Jan, 2017 12:00am
Outcome-based teaching for quality education: Malaysian academician

Outcome-based teaching for quality education: Malaysian academician

Malaysian Professor Ir Megat Johri Megat Mohd Noor on Saturday said that outcome based education is transformational way of bringing quality in education and ensuring success by activating all components of education. He expressed these views while delive
Published 29 Jan, 2017 12:00am
45.5 percent of total Rs 800 billion earmarked for PSDP released

45.5 percent of total Rs 800 billion earmarked for PSDP released

The government has released Rs 363.98 billion (45.5 per cent), including Rs 118.6bn foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 as against its total budget allocation of Rs 800bn.
Published 29 Jan, 2017 12:00am
Schwabe's 150 Years Anniversary & Gold Medal Awards on January 31

Schwabe's 150 Years Anniversary & Gold Medal Awards on January 31

World's leading manufacturer of homoeopathic and biochemical medicines Dr Willmar Schwabe Co Germany is having a grand 150 Years Anniversary Celebration and Gold Medal Awards Ceremony on Tuesday, January 31, 2017 at Karachi. Sole distributors of Dr Willma
Published 29 Jan, 2017 12:00am
FTO to form body to redress tax complaints

FTO to form body to redress tax complaints

Abdur Rauf Chaudhry, Federal Tax Ombudsman (FTO) on Saturday said that business community was playing an important role in the economic development of the country and he would constitute a Committee comprising representatives of Islamabad Chamber of Comme
Published 29 Jan, 2017 12:00am
Construction of TAPI gas pipeline goes on

Construction of TAPI gas pipeline goes on

Construction of the Turkmen section of the TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline is going on at a fast pace, reports the Turkmen online newspaper NEBIT-GAZ. The Turkmengas State Concern is the contractor of the construction of this s
Published 29 Jan, 2017 12:00am
HMRC experts assisting in revamping FBR website

HMRC experts assisting in revamping FBR website

Two experts of the Her Majesty's Revenue and Customs (HMRC) UK are assisting the Federal Board of Revenue (FBR) for revamping the FBR website and removal of outdated contents from this website.
Published 29 Jan, 2017 12:00am
Islamabad HC Bar/Assn. polls likely on February 25

Islamabad HC Bar/Assn. polls likely on February 25

The elections of Islamabad High Court Bar Association are likely to be held on February 25, 2017. The members will elect its body comprising a president, vice president, secretary, joint secretary and five executive members. Muhammad Arbab Alam Abbasi, th
Published 29 Jan, 2017 12:00am
Suspect gunned down in shootout

Suspect gunned down in shootout

At least one suspect was gunned down by Counter Terrorism Department near Bagh, Korangi early Saturday morning. According to police, a suspect Waseem, wanted in a number of criminal cases was killed in a shootout. Meanwhile, rescue sources informed that o
Published 29 Jan, 2017 12:00am
Populism triggers anti-Muslim hatred, intolerance: UN Chief

Populism triggers anti-Muslim hatred, intolerance: UN Chief

The rise of populism has triggered an increase in anti-Semitism, racism, xenophobia, anti-Muslim hatred and other forms of intolerance, UN Secretary-General Antonio Guterres has said. The new UN chief told several hundred people, including Holocaust survi
Published 29 Jan, 2017 12:00am
Populism triggers anti-Muslim hatred, intolerance: UN Chief

Populism triggers anti-Muslim hatred, intolerance: UN Chief

The rise of populism has triggered an increase in anti-Semitism, racism, xenophobia, anti-Muslim hatred and other forms of intolerance, UN Secretary-General Antonio Guterres has said. The new UN chief told several hundred people, including Holocaust survi
Published 29 Jan, 2017 12:00am
SECP, ICMAP hold seminar to encourage Corporatization

SECP, ICMAP hold seminar to encourage Corporatization

As a part of its drive to encourage corporatization the Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Technical Support and Practice Development Committee of the Institute of Cost and Management Accountants of Pakistan (
Published 29 Jan, 2017 12:00am
Ayyan's ECL issue: Ministry challenges SHC's decision in SC

Ayyan's ECL issue: Ministry challenges SHC's decision in SC

Model girl Ayyan Ali's desire to go abroad remained unfulfilled as the Interior Ministry has challenged Sindh High Court's (SHC) decision of taking her name out of Exit Control List (ECL) in Supreme Court of Pakistan (SC). The Interior Ministry has said i
Published 29 Jan, 2017 12:00am
Haram raid kills at least 3 Nigerian soldiers

Haram raid kills at least 3 Nigerian soldiers

At least three Nigerian soldiers were killed when Boko Haram jihadists raided a military post near the country home of Nigeria's army chief in northern Borno state, military and civilian sources said Saturday. The Islamist group however claimed to have ki
Published 29 Jan, 2017 12:00am
French inquiry widens into wife of presidential hopeful

French inquiry widens into wife of presidential hopeful

French investigators have searched the offices of a magazine as part of a widening inquiry into whether presidential candidate Francois Fillon's wife was paid for allegedly fictitious jobs, sources told AFP Saturday. The raid late Thursday at La Revue des
Published 29 Jan, 2017 12:00am
Death toll climbs to 11 in Chile forest fires

Death toll climbs to 11 in Chile forest fires

Forest fires ravaging southern Chile have now killed 11 people, President Michelle Bachelet said Saturday, as firefighters waged an all-out battle to extinguish the raging infernos. Bachelet told reporters that more than 9,000 firefighters and other respo
Published 29 Jan, 2017 12:00am
Canadian wingsuit jumper dies in China

Canadian wingsuit jumper dies in China

A Canadian man has died after attempting a wingsuit jump in China, state media reported, the latest fatality in the extreme sport that involves leaping from a plane or mountain while wearing a bodysuit with wings. The body of 28-year-old Graham Dickinson,
Published 29 Jan, 2017 12:00am
Dutch commit $10 million to replace lost US abortion funding

Dutch commit $10 million to replace lost US abortion funding

The Netherlands has committed $10 million for an initiative to replace funding for abortion services in developing countries that will be lost due to US President Donald Trump's ban on financing foreign groups that provide abortions. Trump reinstated a po
Published 29 Jan, 2017 12:00am
IMF concerned over Afghan refugee influx

IMF concerned over Afghan refugee influx

The International Monetary Fund has expressed concern over Afghanistan's ability to cope with the massive number of refugees returning home to the war-torn country, an influx only expected to increase. More than 700,000 Afghans returned home in 2016, the
Published 29 Jan, 2017 12:00am
IMF concerned over Afghan refugee influx

IMF concerned over Afghan refugee influx

The International Monetary Fund has expressed concern over Afghanistan's ability to cope with the massive number of refugees returning home to the war-torn country, an influx only expected to increase. More than 700,000 Afghans returned home in 2016, the
Published 29 Jan, 2017 12:00am
About 40 Turkish Nato soldiers request asylum in Germany

About 40 Turkish Nato soldiers request asylum in Germany

About 40 mostly high-ranking Turkish soldiers who worked at Nato facilities in Germany but were suspended after the failed coup in Turkey in July have requested asylum in Germany, news magazine Der Spiegel and broadcaster ARD reported on Saturday. A spoke
Published 29 Jan, 2017 12:00am
Veteran British actor John Hurt dies

Veteran British actor John Hurt dies

Oscar-nominated British actor John Hurt, known for his roles in "Elephant Man" and "Harry Potter", has died aged 77 after a battle with pancreatic cancer, his wife said Saturday.
Published 29 Jan, 2017 12:00am
Greece's best-selling daily to closed down due to debts

Greece's best-selling daily to closed down due to debts

Two historic Greek newspapers, including the country's best-selling daily, will cease publication, the debt-ridden Lambrakis Press Group announced on Saturday. "'To Vima' weekly and 'Ta Nea' daily are forced to cease their publication within days due to f
Published 29 Jan, 2017 12:00am
Syria rebels merge with former al Qaeda affiliate

Syria rebels merge with former al Qaeda affiliate

Several Syrian rebel factions merged with the Fateh al-Sham Front on Saturday after days of clashes between armed opposition groups and the former al Qaeda affiliate, they said. The jihadist group and four rebel factions - including the influential Nuredd
Published 29 Jan, 2017 12:00am
Syria army enters key water plant near capital: state TV

Syria army enters key water plant near capital: state TV

Syria's army on Saturday entered a key water pumping station outside the capital for the first time in four years after a deal with rebels, state television said. "The Syrian army hoisted the Syrian flag above the installation" at Ain al-Fijeh, which rebe
Published 29 Jan, 2017 12:00am
Divided Koreans pay respect to ancestors

Divided Koreans pay respect to ancestors

On the frozen banks of the Imjin river, South Koreans divided from their families decades ago by war gathered Saturday to pay respects to their ancestors. Mostly elderly men - according to tradition, Korean ceremonies for the lunar new year must be carrie
Published 29 Jan, 2017 12:00am
Parnell, Tahir shine in South Africa ODI win

Parnell, Tahir shine in South Africa ODI win

Wayne Parnell and Imran Tahir took three wickets each to set up a comfortable eight-wicket win for South Africa in the first one-day international at St George's Park on Saturday. Sri Lanka struggled to 181 all out, with Kusal Mendis the only batsman to s
Published 29 Jan, 2017 12:00am
Bolt turns in medal, says 'rules are rules'

Bolt turns in medal, says 'rules are rules'

Jamaican sprint superstar Usain Bolt insisted Thursday that the loss of one of his nine Olympic gold medals because of the doping sanction of relay teammate Nesta Carter won't tarnish his legacy. "I am disappointed based on losing a medal, but it won't ta
Published 29 Jan, 2017 12:00am
Wales Cricket Board head meets Shahbaz

Wales Cricket Board head meets Shahbaz

President of Wales Cricket Board Giles Clarke called on Punjab Chief Minister Muhammad Shahbaz Sharif, here Saturday during which discussion was held to take steps for the revival of international cricket in Pakistan. On the occasion, Giles Clarke said th
Published 29 Jan, 2017 12:00am
Imran unveils logo, trophy of KP U-23 Games

Imran unveils logo, trophy of KP U-23 Games

Chairman, Pakistan Tehrik-e-Insaf (PTI) and legendary cricketer Imran Khan unveiled the logo and trophy of 2nd Under-23 Games of Khyber Pakhtunkhwa in a ceremony held at Hayatabad Sports Complex here Saturday. The trophy carrying the slogan 'Khalari Ho Tu
Published 29 Jan, 2017 12:00am
Cricket team returns after dismal performance in Australia

Cricket team returns after dismal performance in Australia

The Pakistan cricket team returned home on Saturday after dismal performance in the Australian tour facing 3-0 defeat in Test series and 4-1 in ODI series. Cricketers Umar Akmal, Azhar Ali, Wahab Riaz, Muhammad Aamir, Hassan Ali, Muhammad Hafeez and Babar
Published 29 Jan, 2017 12:00am
Hina wins KP CM badminton title

Hina wins KP CM badminton title

Hina clinched the trophy of the ladies singles in the ongoing Chief Minister Khyber Pakhtunkhwa Badminton Championship, which got under way here at Hayatabad Sports Complex. Dr Maqbool, a businessman and a former provincial badminton champion, was the chi
Published 29 Jan, 2017 12:00am
'Brave' Many Clouds dies after Thistlecrack upset

'Brave' Many Clouds dies after Thistlecrack upset

Many Clouds, the 2015 Grand National winner, collapsed and died in the shadow of the winning post after upsetting odds-on favourite Thistlecrack in a Gold Cup warm-up at Cheltenham on Saturday. After one of his career-best performances the 10-year-old fal
Published 29 Jan, 2017 12:00am
Ukraine dominate in Malam Jabba Alpine Ski Cup

Ukraine dominate in Malam Jabba Alpine Ski Cup

The first day of long awaited skiing races was dominated by the Ukrainians in the Malam Jabba International Alpine Ski Cup being held at the enchanting resort of Malam Jabba, Swat.
Published 29 Jan, 2017 12:00am
Wolves stun Liverpool in FA Cup

Wolves stun Liverpool in FA Cup

Liverpool fell to a third home defeat in eight days as they exited the FA Cup in a humbling 2-1 loss to second-tier Wolverhampton Wanderers at Anfield on Saturday.
Published 29 Jan, 2017 12:00am
Scorchers win Australia's Big Bash final

Scorchers win Australia's Big Bash final

Michael Klinger smashed an unbeaten 71 off 49 balls to steer the Perth Scorchers to a crushing nine-wicket win over the Sydney Sixers in Australia's Twenty20 Big Bash League final in Perth on Saturday.Klinger hammered five fours and five sixes in the Scor
Published 29 Jan, 2017 12:00am
Brexit, Trump top southern EU nations' summit

Brexit, Trump top southern EU nations' summit

Leaders of seven southern European Union nations met in Lisbon on Saturday, seeking a united front against Brexit and the new protectionist administration of US President Donald Trump. The mostly centre-left leaders taking part - the second summit of sout
Published 29 Jan, 2017 12:00am
Russians rally against cathedral handover

Russians rally against cathedral handover

Over a thousand people rallied in Russia's Saint-Petersburg Saturday to protest the decision by authorities to hand over the city's famous St. Isaac's cathedral to the Orthodox Church. The crowd of about 1,500 was the biggest showing yet to oppose giving
Published 29 Jan, 2017 12:00am
French 'Amour' star Emmanuelle Riva dies

French 'Amour' star Emmanuelle Riva dies

French actress Emmanuelle Riva, star of 1959 classic "Hiroshima Mon Amour" and more recently the oldest best actress Oscar nominee in a late-career revival, died Friday from cancer. She was 89. Riva died in Paris "after a long illness," her agent, Anne Al
Published 29 Jan, 2017 12:00am
Bollywood director attacked on set by protesters

Bollywood director attacked on set by protesters

A Bollywood director has been assaulted on set by a group protesting his new movie "Padmavati", which they claim distorts historical facts about their clan. Video shows protesters from a group called the Rajput Karni Sena slapping director Sanjay Leela Bh
Published 29 Jan, 2017 12:00am
Yemen loyalists advance into Red Sea town of Mokha

Yemen loyalists advance into Red Sea town of Mokha

Yemeni government forces have advanced into the Red Sea town of Mokha but Shia Huthi rebels are still putting up fierce resistance, a military official said on Saturday. Forces loyal to President Abedrabbo Mansour Hadi, backed by a Saudi-led Arab coalitio
Published 29 Jan, 2017 12:00am
NASA unveils spaceship hatch 50 years after fatal Apollo 1 fire

NASA unveils spaceship hatch 50 years after fatal Apollo 1 fire

NASA on Friday marked the 50th anniversary of its moon program's fatal Apollo launchpad fire with the first public display of the scorched hatch that trapped three astronauts inside their spaceship during a routine pre-launch test. NASA astronauts Virgil
Published 29 Jan, 2017 12:00am
Russia to check space flight engines over faulty parts

Russia to check space flight engines over faulty parts

Russia on Saturday said it had ordered a full check of engines used on its key Proton rocket after a cargo ship crashed last month due to engine disintegration and an inspection revealed factory violations. A plant making engines for both the Soyuz and Pr
Published 29 Jan, 2017 12:00am
Gambia president plans massive overhaul, but keeps secret police

Gambia president plans massive overhaul, but keeps secret police

Gambian President Adama Barrow said Saturday that every aspect of his tiny west African state would need an overhaul after ex-leader Yahya Jammeh's 22-year rule, but that its dread secret police would remain. Barrow faces an uphill task after taking over
Published 29 Jan, 2017 12:00am
South Africa's rand set to plunge seven percent this year
Currency

South Africa's rand set to plunge seven percent this year

South Africa's rand faces further pressure this year from a stronger US dollar, potential credit ratings cuts and political tensions ahead of the ruling African National Congress party's leadership conference in December. A Reuters poll of 36 strategists
Published 29 Jan, 2017 12:00am
Australia, New Zealand dollars seen down slightly this year
Currency

Australia, New Zealand dollars seen down slightly this year

The Australian and New Zealand dollars are seen declining slightly over the next year due to a strengthening US dollar, analysts said, but the fall will be limited by the relative high yields of the two currencies. A Reuters poll of 50 analysts saw the Au
Published 29 Jan, 2017 12:00am
Euro options suggest investors unruffled by Le Pen risk

Euro options suggest investors unruffled by Le Pen risk

The cost of hedging euro volatility against the dollar in the three months leading to the first-round of France's presidential election dipped on Tuesday, with investors showing few immediate signs of concern about a possible win for the far-right candida
Published 29 Jan, 2017 12:00am
Sudanese pound jumps against dollar on black market
Currency

Sudanese pound jumps against dollar on black market

The Sudanese pound strengthened on the black market on Thursday to 16 pounds to the dollar from 19, currency traders told Reuters. Sudan's central bank held the official rate at 6.8 pounds to the dollar.Bankers and traders credited the gains to former pre
Published 29 Jan, 2017 12:00am
Canadian dollar weakens
Currency

Canadian dollar weakens

The Canadian dollar weakened against its US counterpart on Friday as oil fell and investors braced for a speech next week by Bank of Canada Governor Stephen Poloz, while the greenback extended its recovery against a basket of major currencies.
Published 29 Jan, 2017 12:00am
Dollar continues Trump-related broad uptrend
Currency

Dollar continues Trump-related broad uptrend

The dollar rose against the yen on Friday, extending a broad trend that has been in place since US President Donald Trump's election in November on expectations of more pro-growth policies to bolster an economy that has improved but sputtered at times.
Published 29 Jan, 2017 12:00am
Gundlach sees Trump views weakening dollar, boosting TIPS demand

Gundlach sees Trump views weakening dollar, boosting TIPS demand

Jeffrey Gundlach, who oversees more than $101 billion of assets as chief executive of DoubleLine Capital, has predicted a weaker dollar and more demand for inflation-protected securities now that US President Donald Trump has "doubled down" on his stance
Published 29 Jan, 2017 12:00am
Wall Street slips after soft GDP data, earnings

Wall Street slips after soft GDP data, earnings

US stocks edged lower for a second consecutive session on Friday as some underwhelming corporate earnings and gross domestic product data offset recent enthusiasm over policy actions by President Donald Trump. US economic growth slowed more than expected
Published 29 Jan, 2017 12:00am
India's BSE exchange draws robust demand for $182 million IPO

India's BSE exchange draws robust demand for $182 million IPO

An initial public offering from India's BSE Ltd, the country's second-biggest stock exchange, was well oversubscribed on the last day of the sale, helped by attractive valuations and expectations of robust growth for stocks in the coming years.
Published 29 Jan, 2017 12:00am
Tunisia to start roadshow for one billion Eurobond

Tunisia to start roadshow for one billion Eurobond

Tunisia will start a roadshow for a Eurobond worth 1 billion euros on February 5, and expects to go to capital markets twice more this year with bonds worth up to another 2 billion euros, a government source told Reuters on Thursday. The North African sta
Published 29 Jan, 2017 12:00am
Tunisia to start roadshow for one billion Eurobond

Tunisia to start roadshow for one billion Eurobond

Tunisia will start a roadshow for a Eurobond worth 1 billion euros on February 5, and expects to go to capital markets twice more this year with bonds worth up to another 2 billion euros, a government source told Reuters on Thursday. The North African sta
Published 29 Jan, 2017 12:00am
Investment focus: Chipper mood on European earnings warrants caution

Investment focus: Chipper mood on European earnings warrants caution

The mood among analysts on the outlook for European earnings is the brightest in 6 years, although a combination of higher valuations and optimistic projections leaves the bar for disappointment in the imminent results season fairly low. Lofty expectation
Published 29 Jan, 2017 12:00am
France issues first 'green bonds' with record seven billion euro sale

France issues first 'green bonds' with record seven billion euro sale

France has issued its first "green bonds" with a record seven billion euro ($7.5 billion) sale, paving the way for the establishment of a genuine market in renewable energy bonds. Proceeds from Tuesday's sale of the 22-year bonds will be used to finance p
Published 29 Jan, 2017 12:00am
France issues first 'green bonds' with record seven billion euro sale

France issues first 'green bonds' with record seven billion euro sale

France has issued its first "green bonds" with a record seven billion euro ($7.5 billion) sale, paving the way for the establishment of a genuine market in renewable energy bonds. Proceeds from Tuesday's sale of the 22-year bonds will be used to finance p
Published 29 Jan, 2017 12:00am
US bond yields fall as Q4 GDP disappoints

US bond yields fall as Q4 GDP disappoints

US Treasury yields fell on Friday as data showing a sharper-than-forecast deceleration in economic growth in the fourth quarter spurred buying of US government debt ahead of the Federal Reserve's first policy meeting of 2017. Bond purchases were tempered
Published 29 Jan, 2017 12:00am
US bond yields fall as Q4 GDP disappoints

US bond yields fall as Q4 GDP disappoints

US Treasury yields fell on Friday as data showing a sharper-than-forecast deceleration in economic growth in the fourth quarter spurred buying of US government debt ahead of the Federal Reserve's first policy meeting of 2017. Bond purchases were tempered
Published 29 Jan, 2017 12:00am
TSX dips as energy shares weigh

TSX dips as energy shares weigh

Canada's benchmark stock index dipped for a second straight day on Friday as oil prices fell and some heavyweight energy shares lost ground, while electronics manufacturer Celestica Inc jumped to a 12-year high. The energy group retreated 1 percent as oil
Published 29 Jan, 2017 12:00am
BoJ slows bond buying, reminds markets focus is on rates

BoJ slows bond buying, reminds markets focus is on rates

The Bank of Japan likely reduced government bond buying this month than in December by forgoing purchases of short-term bonds on Wednesday, a move some market players saw as a prelude toward tapering the central bank's massive asset-buying programme.
Published 29 Jan, 2017 12:00am
Kernel in $500 million Eurobond deal

Kernel in $500 million Eurobond deal

Agribusiness Kernel has sold Eurobonds worth $500 million of 8.875 percent Eurobonds in Ukraine's first corporate issue since a 2013-14 uprising and separatist conflict plunged the country into economic crisis. The Warsaw-listed Ukrainian company, the wor
Published 29 Jan, 2017 12:00am
Kernel in $500 million Eurobond deal

Kernel in $500 million Eurobond deal

Agribusiness Kernel has sold Eurobonds worth $500 million of 8.875 percent Eurobonds in Ukraine's first corporate issue since a 2013-14 uprising and separatist conflict plunged the country into economic crisis. The Warsaw-listed Ukrainian company, the wor
Published 29 Jan, 2017 12:00am
Gold seen at $1,250/oz this year after 2016 bounce loses steam

Gold seen at $1,250/oz this year after 2016 bounce loses steam

Analysts have sharply scaled back expectations for gold prices this year after the metal's weak fourth-quarter performance, with the prospect of further US interest rate hikes and a bumper year for stocks weighing on interest in the metal.
Published 29 Jan, 2017 12:00am
Liquidation risk hangs over oil and gas prices

Liquidation risk hangs over oil and gas prices

The threat of liquidation hangs over oil and gas prices in the short term as hedge funds have built the most bullish positions in both commodities since 2014. Hedge funds are running enormous net long positions in crude and gas even though prices have ris
Published 29 Jan, 2017 12:00am
Copper, aluminium seen deflating in 2017 after speculative rallies

Copper, aluminium seen deflating in 2017 after speculative rallies

Copper and aluminium prices are expected to lose steam this year after speculators pushed up both markets despite surpluses that will persist into 2018, a Reuters poll showed. Zinc, which has been a favourite of investors, is expected to retain most of it
Published 29 Jan, 2017 12:00am
Cotton up for third straight session in muted trading
Cotton

Cotton up for third straight session in muted trading

ICE cotton futures climbed nearly 1 percent to rise for the third session in a row in thin volume trade on Friday and the natural fiber market registered its best weekly performance in three weeks. "There is a bit of buying going on. But the volumes are s
Published 29 Jan, 2017 12:00am
Indonesia clears French crop safety system, opens way for exports

Indonesia clears French crop safety system, opens way for exports

Indonesia has approved France's food safety system for grains, fruit and vegetables, France's farm office said, a move that should unblock exports stalled since last year in what traders said was retaliation against a proposed French tax on palm oil.
Published 29 Jan, 2017 12:00am
LME's pitch for share of gold market faces bumpy ride

LME's pitch for share of gold market faces bumpy ride

Fears of inflexibility and rising costs are sapping enthusiasm for the London Metal Exchange's new suite of gold contracts, potentially leaving the exchange reliant on the threat of an increasing regulatory burden to drive uptake. London's $5 trillion-a-y
Published 29 Jan, 2017 12:00am
Cocoa backs up at Ivory Coast ports, exporters blame speculators

Cocoa backs up at Ivory Coast ports, exporters blame speculators

Cocoa is backing up at Ivory Coast's warehouses and ports, international exporters told Reuters, saying that domestic companies have been securing export rights at auction for beans they can no longer afford. Three exporters estimated that 15,000 to 20,00
Published 29 Jan, 2017 12:00am
With plastic bags and plates, China tries to cure its corn hangover

With plastic bags and plates, China tries to cure its corn hangover

China's plan to get rid of its massive corn stockpile by using it as raw material for its fledgling biogradeable plastics industry could be a game changer for Changchun Shengda Biomaterial and other private factories in China's corn belt.
Published 29 Jan, 2017 12:00am
China crude stocks drop to 5-month low

China crude stocks drop to 5-month low

China's commercial crude oil inventories at the end of December fell 1.9 percent from the previous month to the lowest since July, the official Xinhua news agency said on Wednesday. The data echoes a separate set of official data released last Friday that
Published 29 Jan, 2017 12:00am
Physical gold demand falls to 7-year low in 2016: GFMS

Physical gold demand falls to 7-year low in 2016: GFMS

Physical gold demand fell 20 percent last year to its lowest since 2009, GFMS analysts at Thomson Reuters said in a report on Thursday, as a rebound in prices after three straight years of losses blunted appetite for the metal. Buying of jewellery, coins
Published 29 Jan, 2017 12:00am
India's sugar output forecast to drop to lowest in seven years

India's sugar output forecast to drop to lowest in seven years

India's sugar production may fall to 21.3 million tonnes for the 2016/17 crop year, the lowest in seven years and 9 percent lower than previously forecast, as drought has curtailed cane supplies in key producing states, a trade body said on Wednesday.
Published 29 Jan, 2017 12:00am
US natural gas futures edge up on cold weather

US natural gas futures edge up on cold weather

US natural gas futures edged up to a more than one-week high on Thursday on forecasts that colder-than-normal weather will cover parts of the country through the second week of February. The rise came even though data showed a small storage draw for last
Published 29 Jan, 2017 12:00am
EU wheat futures higher as euro slips
Currency

EU wheat futures higher as euro slips

Euronext wheat futures ticked higher on Thursday, helped by a sharp drop in the euro, but lacked momentum to break out of their recent trading range, traders said. March milling wheat, the most active contract on Paris-based Euronext, was up 0.50 euro, or
Published 29 Jan, 2017 12:00am
US FOB Gulf corn offers higher on solid demand

US FOB Gulf corn offers higher on solid demand

Export premiums for corn shipped from the US Gulf Coast were steady to higher on Thursday, supported by solid demand and tight near-term loading capacity, traders said. Export sales of corn topped trade expectations last week at more than 1.3 million tonn
Published 29 Jan, 2017 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Cash basis bids for hard red winter wheat (HRW) around the southern US Plains on Thursday were unchanged amid limited farmer sales, merchants said. Producers resisted selling their wheat in anticipation of possibly higher prices after Chicago Board of Tra
Published 29 Jan, 2017 12:00am
Freight rates for large capesize dry cargo likely to slide

Freight rates for large capesize dry cargo likely to slide

Freight rates for large capesize dry cargo vessels on key Asian routes are likely to trend down next week as an oversupply of ships and reduced chartering activity due to the Chinese New Year holidays weigh on the market. "No one is particularly excited a
Published 29 Jan, 2017 12:00am
Palm oil lower on European vegoils market

Palm oil lower on European vegoils market

Palm oil eased on Thursday, following weaker Malaysian palm oil futures and sharply lower soyaoil futures. Asking prices for palm oil were between $12.50 and $22.50 a tonne down from Wednesday, after Malaysian futures closed between 18 and 41 ringgit per
Published 29 Jan, 2017 12:00am
US Midwest corn, soyabean bids rise

US Midwest corn, soyabean bids rise

Spot corn and soyabean basis bids were steady to higher at a port along the Ohio River on Thursday amid minimal farmer sales, said merchants. However, the bulk of bids for both crops at other river terminals, elevators and processors were flat to weaker o
Published 29 Jan, 2017 12:00am
Cotton prices up as ginners not keen to sell at current levels
Cotton

Cotton prices up as ginners not keen to sell at current levels

Cotton rates on upward march on the local cotton market on Saturday as the ginners were not ready to sell fine quality at current levels, dealers said. As a result, the official spot rate recovered further Rs 50 to Rs 6650, dealers said. In Sindh, seed co
Published 29 Jan, 2017 12:00am
Indian rice prices rise; Thai's fall in quiet market
Currency

Indian rice prices rise; Thai's fall in quiet market

Rice prices in India, top global exporter of the grain, advanced this week on robust domestic and international demand, while Thai prices fell in a quiet market. Prices for India's 5 percent broken parboiled rice rose this week to $354-$359 per tonne, fro
Published 29 Jan, 2017 12:00am
British gas prices fall on milder weather forecasts

British gas prices fall on milder weather forecasts

Day-ahead wholesale British gas prices fell on Thursday morning, as forecasts for milder temperatures and higher wind power output curbed demand. The day-ahead contract fell by 1.33 pence to 52.80 pence/therm by 0955 GMT.
Published 29 Jan, 2017 12:00am
Israeli group buys corn, feed wheat and barley

Israeli group buys corn, feed wheat and barley

A group of Israeli private buyers bought corn, feed wheat and barley, all to be sourced from optional origins, in a tender that closed on Wednesday, European traders said on Thursday. Tonnage bought was unclear. The tender had sought up to 85,000 tonnes o
Published 29 Jan, 2017 12:00am
South Korea buys soya from Brazil

South Korea buys soya from Brazil

A private South Korean crushing mill purchased 165,000 tonnes of soyabeans to be sourced from Brazil in a tender which closed on Tuesday, European traders said on Wednesday. The soyabeans can contain genetically-modified organisms (GMOs) and were bought i
Published 29 Jan, 2017 12:00am
CBOT wheat futures up on US export data

CBOT wheat futures up on US export data

Chicago Board of Trade wheat futures closed higher on Thursday after a choppy session, lifted by better-than-expected weekly US export sales data, traders said. CBOT March wheat settled up 2-1/2 cents at $4.27 per bushel. K.C. March hard red winter wheat
Published 29 Jan, 2017 12:00am
European gasoline margins fall sharply

European gasoline margins fall sharply

Gasoline refining margins in northwest Europe fell sharply on Thursday, weighed down by rising inventories on both sides of the Atlantic. Gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose by 5.34 percent in th
Published 29 Jan, 2017 12:00am
Argentine 2016-17 soya crop seen at 53.5 million tonnes

Argentine 2016-17 soya crop seen at 53.5 million tonnes

Argentina's 2016-17 soya crop was forecast at 53.5 million tonnes by the Buenos Aires Grains Exchange on Thursday, citing poor weather as a reason for an expected drop from 56 million tonnes in the previous crop year. The forecast, given in the exchange's
Published 29 Jan, 2017 12:00am
Asia's naphtha hold firm on lower supply

Asia's naphtha hold firm on lower supply

Asia's naphtha inter-month spread was entrenched in deep backwardation of $9 a tonne for a third straight session on Thursday due to tighter supplies while demand remained strong. Give the current fundamentals, buyers were paying more for cargoes. Japan's
Published 29 Jan, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (January 28, 2017).

Published 29 Jan, 2017 12:00am
THE RUPEE: rates firm
Currency

THE RUPEE: rates firm

KARACHI: The rupee managed to hold overnight levels against the dollar in the process of trading on Saturday, dealers said. Commenting on announcement for policy rate, currency viewers were of the view that the State Bank of Pakistan's decision to keep th
Published 29 Jan, 2017 12:00am
THE RUPEE: rates firm
Currency

THE RUPEE: rates firm

KARACHI: The rupee managed to hold overnight levels against the dollar in the process of trading on Saturday, dealers said. Commenting on announcement for policy rate, currency viewers were of the view that the State Bank of Pakistan's decision to keep th
Published 29 Jan, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 28, 2017).

Published 29 Jan, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 28, 2017).

Published 29 Jan, 2017 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (January 28, 2017).

Published 29 Jan, 2017 12:00am
Hides and skins rates

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 28, 2017).

Published 29 Jan, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (January 28, 2017)

Published 29 Jan, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 28, 2017).

Published 29 Jan, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 28, 2017).

Published 29 Jan, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (January 28, 2017) and the forecast for Sunday (January 29, 2017).

Published 29 Jan, 2017 12:00am
Your rupee last year
Currency

Your rupee last year

Following currency fluctuations took place in foreign exchange rates during the last year. (January 04 to December 30, 2016).

Published 29 Jan, 2017 12:00am
Turkey debt outlook cut to 'negative' by Standard and Poor's
Currency

Turkey debt outlook cut to 'negative' by Standard and Poor's

The Standard and Poor's agency said Friday it had cut the outlook for Turkey's credit rating to 'negative' from 'stable' because of a slump of the lira. The national currency has dropped 18 percent against the dollar since the agency's latest review of Tu
Published 29 Jan, 2017 12:00am
Turkey debt outlook cut to 'negative' by Standard and Poor's
Currency

Turkey debt outlook cut to 'negative' by Standard and Poor's

The Standard and Poor's agency said Friday it had cut the outlook for Turkey's credit rating to 'negative' from 'stable' because of a slump of the lira. The national currency has dropped 18 percent against the dollar since the agency's latest review of Tu
Published 29 Jan, 2017 12:00am
Turkey debt outlook cut to ''negative'' by Standard and Poor''s
Currency

Turkey debt outlook cut to ''negative'' by Standard and Poor''s

The Standard and Poor''s agency said Friday it had cut the outlook for Turkey''s credit rating to ''negative'' from ''stable'' because of a slump of the lira. The national currency has dropped 18 percent against the dollar since the agency''s latest revie
Published 29 Jan, 2017 12:00am
Japan says foreign workers top record one million

Japan says foreign workers top record one million

The number of foreign workers in Japan topped 1 million for the first time last year, the government has said, as the country looks overseas to offset labour shortages. Tokyo has moved little on loosening strict rules for foreign workers despite years of
Published 29 Jan, 2017 12:00am
Jordan's Arab Bank group says 2016 net profit rises 20 percent

Jordan's Arab Bank group says 2016 net profit rises 20 percent

Jordan's largest lender, Arab Bank Group, said on Saturday its 2016 net profit rose 20 percent to $533 million, saying the results were due to diversified operations and growth in revenue from core banking activities. The bank, one of the Middle East's ma
Published 29 Jan, 2017 12:00am
Jordan's Arab Bank group says 2016 net profit rises 20 percent

Jordan's Arab Bank group says 2016 net profit rises 20 percent

Jordan's largest lender, Arab Bank Group, said on Saturday its 2016 net profit rose 20 percent to $533 million, saying the results were due to diversified operations and growth in revenue from core banking activities. The bank, one of the Middle East's ma
Published 29 Jan, 2017 12:00am
Europe faces steep price increases for some old cancer drugs

Europe faces steep price increases for some old cancer drugs

European prices for some off-patent cancer drugs have risen by more than 100 percent in the past five years, with two cases of hikes exceeding 1,000 percent, according to data presented at a medical conference on Saturday. Similar price rises for old drug
Published 29 Jan, 2017 12:00am
Barcelona bans new hotels in city centre

Barcelona bans new hotels in city centre

The mayor of Barcelona on Friday banned the opening of new hotels in the saturated city centre, to end the flow of locals out of the area due to pressure on housing from the tourism sector. The new initiative is part of a broader urban planning scheme for
Published 29 Jan, 2017 12:00am
WTO says $1 trillion global trade treaty about to come into force

WTO says $1 trillion global trade treaty about to come into force

A trade accord that will boost global exports by $1 trillion is expected to come into force in the next two weeks, the head of the World Trade Organization said on Thursday, despite concerns over a more protectionist United States under Donald Trump.
Published 29 Jan, 2017 12:00am
Nicaragua tobacco industry thrives thanks to US consumers

Nicaragua tobacco industry thrives thanks to US consumers

Cuba's cigars may be more famous, but Nicaragua has its own growing reputation as a tobacco producer, boasting a sector that is a big exporter and employer, thanks mainly to US demand. Esteli, a region in the north of the Central American country, has the
Published 29 Jan, 2017 12:00am
UN food agency hopes for continued US funding

UN food agency hopes for continued US funding

The head of the World Food Programme said she was hopeful of continued US funding for the organisation, despite reports that Washington was mulling heavy cuts in financial support. Foreign Policy magazine reported on Thursday it had seen an executive orde
Published 29 Jan, 2017 12:00am
HR activists back home safely

HR activists back home safely

Salman Haider, a human rights activist and professor at Fatima Jinnah Women University (FJWU) who went missing on January 6 from the federal capital, returned home Friday night. The police and family sources confirmed that Haider has returned home, saying
Published 29 Jan, 2017 12:00am
HR activists back home safely

HR activists back home safely

Salman Haider, a human rights activist and professor at Fatima Jinnah Women University (FJWU) who went missing on January 6 from the federal capital, returned home Friday night. The police and family sources confirmed that Haider has returned home, saying
Published 29 Jan, 2017 12:00am
Ministers' statements irk Khursheed, Qureshi

Ministers' statements irk Khursheed, Qureshi

Leader of the Opposition in the National Assembly Syed Khursheed Ahmed Shah has urged the NA Speaker Ayaz Sadiq during a telephonic conversation that federal ministers must be asked not to make controversial statements. Aaj News on Saturday reported that
Published 29 Jan, 2017 12:00am
High potential items facing lofty tariffs in China: PBC
Cotton

High potential items facing lofty tariffs in China: PBC

Pakistan Business Council (PBC), a non-profit business policy advocacy forum has revealed that Pakistan's several high potential items are facing high tariffs in China despite a Free Trade Agreement (FTA). PBC in its third review of the Pakistan-China FTA
Published 29 Jan, 2017 12:00am
High potential items facing lofty tariffs in China: PBC
Cotton

High potential items facing lofty tariffs in China: PBC

Pakistan Business Council (PBC), a non-profit business policy advocacy forum has revealed that Pakistan's several high potential items are facing high tariffs in China despite a Free Trade Agreement (FTA). PBC in its third review of the Pakistan-China FTA
Published 29 Jan, 2017 12:00am
High potential items facing lofty tariffs in China: PBC
Cotton

High potential items facing lofty tariffs in China: PBC

Pakistan Business Council (PBC), a non-profit business policy advocacy forum has revealed that Pakistan''s several high potential items are facing high tariffs in China despite a Free Trade Agreement (FTA). PBC in its third review of the Pakistan-China FT
Published 29 Jan, 2017 12:00am
World Bank CEO sees progress in water dispute

World Bank CEO sees progress in water dispute

World Bank Chief Executive Officer Kristalina Georgieva ended a three-day visit to Pakistan on Saturday by supporting a deepening of Pakistan's reforms for accelerating growth and saying she had "constructive discussions" with the country's leadership on
Published 29 Jan, 2017 12:00am
World Bank CEO sees progress in water dispute

World Bank CEO sees progress in water dispute

World Bank Chief Executive Officer Kristalina Georgieva ended a three-day visit to Pakistan on Saturday by supporting a deepening of Pakistan's reforms for accelerating growth and saying she had "constructive discussions" with the country's leadership on
Published 29 Jan, 2017 12:00am
World Bank CEO sees progress in water dispute

World Bank CEO sees progress in water dispute

World Bank Chief Executive Officer Kristalina Georgieva ended a three-day visit to Pakistan on Saturday by supporting a deepening of Pakistan''s reforms for accelerating growth and saying she had "constructive discussions" with the country''s leadership o
Published 29 Jan, 2017 12:00am
World Bank CEO sees progress in water dispute

World Bank CEO sees progress in water dispute

World Bank Chief Executive Officer Kristalina Georgieva ended a three-day visit to Pakistan on Saturday by supporting a deepening of Pakistan''''s reforms for accelerating growth and saying she had "constructive discussions" with the country''''s leadersh
Published 29 Jan, 2017 12:00am
Around 90,000 new taxpayers registered with IRIS

Around 90,000 new taxpayers registered with IRIS

Around 90,000 new taxpayers have been registered with the Federal Board of Revenue (FBR) web-based Inland Revenue Information System (IRIS) since launching of the IRIS in September 2015. This has been mentioned in the joint report of the World Bank and UK
Published 29 Jan, 2017 12:00am
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