News Archives for Latest - 2017-02-01

Life & Style

After Mehran, Pak Suzuki Kills Cultus

After Mehran, Pak Suzuki seems to be done with its Cultus range of cars, after they issued a notice declaring discontinuation any and all bookings of Suzuki Cultus.%D%A%D%A

Updated 10 May, 2018 07:39pm

General News

CM directs officials to resolve matters of Uber, Careem

LAHORE: Chief Minister Punjab Muhammad Shehbaz Sharif Wednesday directed the officials concerned to resolve all matters of private cab service, Uber and Careem as per legal requirements.

Published 01 Feb, 2017 06:19pm

General News

PTI create hurdles in KP institution of accountability: Daniyal

ISLAMABAD: Member National Assembly of Pakistan Muslim League-Nawaz (PML-N), Daniyal Aziz said on Wednesday Pakistan Tehreek-i-Insaf (PTI) had created hurdles in smooth process of accountability by locking institutions in Khyber Pakhtunkhwa (KP).

Published 01 Feb, 2017 06:17pm

Financial

Dollar recovers ground on strong US jobs, factory data

NEW YORK: The US dollar recovered some ground on Wednesday after stronger-than-expected US private payrolls and manufacturing data, while lingering worries that the United States was poised to ditch its "strong dollar" policy limited gains.

Published 01 Feb, 2017 06:04pm

Energy

Oil pares gains on bigger-than-expected US crude build

NEW YORK: Oil pared gains on Wednesday after weekly US supply data suggested a crude glut may persist, despite signs that Russia and OPEC producers are delivering on promised supply reductions.

Published 01 Feb, 2017 05:59pm

Industry

Roche wants to expand diabetes business, not sell it

ZURICH: Roche is looking to expand its $2 billion-per-year diabetes business, not sell it or spin it off.

Published 01 Feb, 2017 05:56pm

Financial

South Africa's rand, stocks firm on Chinese data

JOHANNESBURG: South Africa's rand strengthened on Wednesday, stretching gains into a second session as upbeat manufacturing data from China helped lift demand for emerging currencies.

Published 01 Feb, 2017 05:54pm

Financial

Wall St pares gains as energy, utilities drag

NEW YORK: The S&P 500 slipped into the red and the Dow pared gains in late morning trade on Wednesday, led by losses in energy and utilities sectors, ahead of the Federal Reserve's decision on interest rates.

Published 01 Feb, 2017 05:50pm

Energy

Azerbaijan ships 80,000 tonnes of oil via Russia in Jan '17

BAKU: Azerbaijan's state oil company SOCAR shipped 79,935 tonnes of oil via Russia in January, it said on Wednesday.

Published 01 Feb, 2017 05:13pm

Financial

European shares snap losing streak on solid earnings, macro data

MILAN/LONDON: European shares snapped a three-day losing streak on Wednesday, led higher by miners and industrial stocks following solid corporate results and strong data from China and Europe.

Published 01 Feb, 2017 05:11pm

North America

Trump urges Republicans to force majority vote on Gorsuch if Democrats block

WASHINGTON: President Donald Trump on Wednesday said he would urge Senate Republicans to invoke a rule change to force a simple majority vote on his Supreme Court nominee if Democrats block his choice.

Published 01 Feb, 2017 05:10pm

Commodities

Ivory Coast begins cancelling defaulted cocoa contracts

ABIDJAN: Ivory Coast's Coffee and Cocoa Council (CCC) marketing board has begun cancelling cocoa contracts which are in default and plans to resell those volumes, exporters said on Wednesday.

Published 01 Feb, 2017 05:09pm

Europe

France's Fillon struggles to save presidential bid

PARIS: French rightwing candidate Francois Fillon battled to save his scandal-hit presidential bid on Wednesday as disastrous new polling numbers and party colleagues increased pressure on him to step aside.

Published 01 Feb, 2017 05:04pm

Front Top News

EU warns new Israeli settlements risk making two-state solution 'impossible'

BRUSSELS: Israel's latest announcement of new settlements in the occupied Palestinian territories risks making a two-state solution impossible, EU foreign policy chief Federica Mogherini said Wednesday.

Published 01 Feb, 2017 05:01pm

Cricket

Cricket: India beat England in 3rd T20, clinch series

BANGALORE: Leg-spinner Yuzvendra Chahal claimed six wickets to demolish England and hand India a 75-run series-clinching win in the final Twenty20 international in Bangalore on Wednesday.

Published 01 Feb, 2017 04:59pm

World Top News

UN chief calls for lifting US travel ban

UNITED NATIONS: UN Secretary-General Antonio Guterres on Wednesday called for lifting a US ban on travellers from seven Muslim-majority countries, saying the measures would not prevent terrorists from entering the United States.

Published 01 Feb, 2017 04:51pm

General News

WB CEO impressed by govt's efforts for promoting inclusive growth

ISLAMABAD: Chief Executive Officer (CEO) of World Bank, Kristalina Georgieva was encouraged by the Pakistan government's efforts to strengthen the prospects of inclusive growth, WB Country Director Patchamuthu Illangovan said Wednesday %During a call

Published 01 Feb, 2017 04:27pm

General News

Commerce minister for equal trade opportunities for women

ISLAMABAD: Federal Minister for Commerce, Engineer Khurram Dastgir Khan Wednesday said Pakistan should start viewing trade, business and economy through a gendered lens and provide specific opportunities to its women to realize their potential and lift th

Published 01 Feb, 2017 04:20pm

Middle East

Iraq president says US travel ban 'a shock'

BAGHDAD: President Fuad Masum said Wednesday that his American counterpart Donald Trump's decision to ban Iraqi citizens from entering the United States was "a shock" and called for it to be reviewed.

Published 01 Feb, 2017 04:18pm

Financial

Strong Apple earnings lift US stocks at open

NEW YORK: Strong Apple earnings boosted Wall Street stocks early Wednesday ahead of an afternoon monetary policy announcement by the US Federal Reserve.

Published 01 Feb, 2017 04:15pm

Cricket

Cricket: Raina, Dhoni fifties power India to 202-6

BANGALORE: Scintillating half-centuries from Suresh Raina and Mahendra Singh Dhoni helped India post a challenging 202 for six against England in the third and final Twenty20 international in Bangalore on Wednesday.

Published 01 Feb, 2017 03:46pm

Markets

Bullion Prices on Wednesday

KARACHI: Following were the Bullion Prices in Karachi, Hyderabad, Multan and Lahore on Wednesday.

Published 01 Feb, 2017 02:30pm

Europe

UK to publish Brexit strategy on Thursday: May

LONDON: Britain will publish a long-awaited Brexit strategy paper on Thursday, Prime Minister Theresa May told parliament following demands by lawmakers.

Published 01 Feb, 2017 02:18pm

Cricket

PCB invites Imran Khan, others to solve Pakistan struggles

Pakistan Cricket Board (PCB) Chairman Shaharyar M.

Published 01 Feb, 2017 02:07pm

Front Top News

Lavrov calls for Syria's return to Arab League

ABU DHABI: Russian Foreign Minister Sergei Lavrov said Wednesday that Syria's return to the Arab League would allow the organisation to play a role in finding a political solution to the country's conflict.

Published 01 Feb, 2017 01:57pm

Sports

Woods flies commercial for Dubai title assault

DUBAI: Tiger Woods flew on a commercial airline for the first time in a decade and will be hoping that does not harm his prospects at this week's Dubai Desert Classic.

Published 01 Feb, 2017 01:56pm

Cricket

England win toss, bowl first in 3rd Twenty20

BANGALORE: England captain Eoin Morgan won the toss and elected to bowl against India in the third and final Twenty20 international in Bangalore on Wednesday.

Published 01 Feb, 2017 01:55pm

Asia

India building collapse kills four, more feared trapped

NEW DELHI: A building under construction collapsed Wednesday in northern India killing at least four labourers, an administrative official said, in the latest deadly accident to highlight shoddy construction standards in the country.

Published 01 Feb, 2017 01:53pm

World Top News

Trump travel ban will impact US tourism: UN agency

MADRID: President Donald Trump's executive order blocking immigrants from seven majority Muslim nations will hit tourism to the US, the UN's World Tourism Organization warned Wednesday.

Published 01 Feb, 2017 01:48pm

General News

PM to inaugurate completed section of M-9 on Feb 3

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif will inaugurate the completed section of Karachi-Hyderabad Motorways (M-9) on Friday (Feb 3).

Published 01 Feb, 2017 01:23pm

Europe

UK PM May says will publish Brexit 'White Paper' on Thursday

LONDON: The British government will publish a "White Paper" document on Thursday, setting out its plan for leaving the European Union, Prime Minister Theresa May told parliament.

Published 01 Feb, 2017 01:21pm

Asia

Moon clear front-runner after ex-UN chief ends South Korea presidential bid

SEOUL: With former UN chief Ban Ki-moon bowing out of South Korea's presidential race on Tuesday, Moon Jae-in, a human rights lawyer who has promised to shake up the system, is now the odds-on favourite to win.

Published 01 Feb, 2017 01:20pm

Financial

Sri Lankan shares edge down on political worries

COLOMBO: Sri Lankan shares slipped in thin trading on Wednesday and closed near a 10-month low hit last week on political worries and fears over further interest rate hikes, brokers said.

Published 01 Feb, 2017 01:19pm

Energy

Asia Fuel Oil-Time spreads snap downward trend but upside seen limited

SINGAPORE: Time spreads of 380-cst fuel oil on Wednesday recovered some of the previous session's losses that had pushed some spreads contracts to fresh lows, but most traders still see more downside risk than upside potential in February amid steady

Published 01 Feb, 2017 01:17pm

Energy

OPEC cut extension could hurt Saudi plan to balance market

ANTWERP: An extension of OPEC oil production cuts could push oil prices too high to meet Saudi Arabia and others' objective of balancing the market without encouraging US shale output, Gunvor's head of oil market research said on Wednesday.

Published 01 Feb, 2017 01:12pm

Commodities

China iron ore imports off to strong start; support rally

LAUNCESTON: There is fundamental justification for the strong start to 2017 for iron ore prices, with imports by top buyer China remaining robust and showing no signs of easing.

Published 01 Feb, 2017 01:08pm

Financial

Sri Lankan rupee up on exporter dollar sales, remittances

COLOMBO: The Sri Lankan rupee ended slightly firmer on Wednesday due to dollar inflows from remittances and greenback sa

Published 01 Feb, 2017 01:03pm

Money & Banking

Germany's credit to ECB sets new record in December

FRANKFURT: Germany's credit towards the European Central Bank set a new record in December as money flowed into the euro zone's strongest economy for a sixth straight month, albeit at a slower pace, ECB data showed on Wednesday.

Published 01 Feb, 2017 12:58pm

Money & Banking

Romania central bank's FX reserves rise to 34.5bn euros in Jan

BUCHAREST: The Romanian central bank's foreign exchange reserves, excluding 103.

Published 01 Feb, 2017 12:56pm

Industry

Ryanair adds 15 routes to Israel for sun-seeking Europeans

JERUSALEM: Ryanair is adding 15 new routes between Europe and Israel to cater for Europeans seeking a milder climate in the winter, the Irish low-cost carrier said on Wednesday.

Published 01 Feb, 2017 12:54pm

Industry

Siemens beats activist investors at their own game

LONDON: If you can't beat them, join them.

Published 01 Feb, 2017 12:53pm

Commodities

Gold steady ahead of US Fed rate decision

LONDON: Gold slipped off a more than one-week high on Wednesday as the dollar firmed ahead of an interest rate decision by the US Federal Reserve which is expected to provide clues on monetary policy this year.

Published 01 Feb, 2017 12:51pm

Commodities

Copper retreats from 2-month high as mine strike looms

LONDON: Copper fell on Wednesday as profit taking set in after the metal rose to a two-month high above $6,000 a tonne on concerns over a looming strike at the world's biggest copper mine in Chile.

Published 01 Feb, 2017 12:49pm

Cricket

Misbah blasts at fans, pundits over superfluous criticism

Pakistan Test cricket skipper, Misbah ul Haq has blasted on cricket fans, after the captain was a part of constant criticism after Pakistan embarrassing losses against the New Zealand and Australia last month.

Published 01 Feb, 2017 12:22pm

Industry

Slump in US sales hits Volvo profits

STOCKHOLM: Sweden's Volvo, the world's second-largest truck maker, said Tuesday that bottom-line profits fell sharply in 2016, hit by a decline in sales in North America.

Published 01 Feb, 2017 12:01pm

Sports

Bolt upbeat in Australia despite medal loss

SYDNEY: Jamaican sprint star Usain Bolt has moved on quickly from the loss of a gold medal from his Olympic trove, preferring to focus on future success.

Published 01 Feb, 2017 11:59am

Financial

European stocks rebound awaiting Fed

LONDON: European stock markets rebounded on Wednesday and the dollar recovered from two-month lows against the euro and yen, with the Fed set for its first monetary policy announcements of 2017.

Published 01 Feb, 2017 11:58am

Life & Style

Bollywood movies to start screening in Pakistan from Friday

The Ministry of Information announced that the Government has decided to continue the existing policy to display all international films, including Indian films, in Pakistani cinemas.

Published 01 Feb, 2017 11:21am

Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Wednesday having 49455.

Published 01 Feb, 2017 11:01am

Featured Photos

The Almighty by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.

Published 01 Feb, 2017 10:55am

Featured Photos

Savor & Serve by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.

Published 01 Feb, 2017 10:53am

Featured Photos

Orange Mock by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.

Published 01 Feb, 2017 10:50am

Featured Photos

Oriental by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.

Published 01 Feb, 2017 10:49am

Featured Photos

Continental Delight by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.

Published 01 Feb, 2017 10:43am

Featured Photos

Pickle n' Fries by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.

Published 01 Feb, 2017 10:40am

Featured Photos

Tatsoi by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.

Published 01 Feb, 2017 10:35am

Featured Photos

Brunch Maple by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.

Published 01 Feb, 2017 10:30am

Featured Photos

Morning Salad by Dennis The Prescott

Photo Credit: Dennis The Prescott%Dennis Prescot was born in Canada, is a chef and food author.

Published 01 Feb, 2017 10:28am

Arts

Uber, Careem not banned yet in Pakistan

LAHORE: Chief Minister Punjab Shehbaz Sharif has allowed mobile-application taxi service providers Careem and Uber, 15 days to get registered.

Published 01 Feb, 2017 10:28am

Football

Rappers unearth the world of Lyari football

Despite being infested with gang wars and poverty, the town of Lyari remains the cultural gem, with a historical and unbiased love towards the game of football.

Published 01 Feb, 2017 10:26am

Miscellaneous

Careem and Uber: Stopped in their tracks?

The moment of truth is finally here for app-based cab-haling firms operating in Pakistan.

Published 01 Feb, 2017 10:10am

Miscellaneous

FFC: Profits down as margins dip

Once upon a time, Pakistans fertilizer players were considered too big to fail.

Published 01 Feb, 2017 10:09am

Miscellaneous

Pharma exports 1HFY17

Relevant to earlier discussion on drug pricing (See column, Access to medicines) is the issue of falling pharmaceutical exports.

Published 01 Feb, 2017 10:08am

Miscellaneous

MFFL up in 1Q

Mitchells Fruit Farms Limiited (PSX: MFFL) has the privilege to be one of the oldest corporations in Pakistan with an extensive history in the food sector.

Published 01 Feb, 2017 10:08am

Money & Banking

Spanish bank BBVA says profits rise on cost-cutting

MADRID: Spain's second-biggest bank BBVA on Wednesday said that solid revenues and a cost-cutting drive helped lift profits by more than 30 percent last year.

Published 01 Feb, 2017 10:01am

Industry

Bosch to pay out $327.5mn over 'dieselgate'

FRANKFURT: German car parts maker Bosch said Wednesday it will pay out some $327.

Published 01 Feb, 2017 09:58am

General News

Palestine's President concludes three-day visit

ISLAMABAD: President of Palestine Mahmoud Abbas on Wednesday concluded his three-day official visit to Pakistan during which he held talks with Pakistani leadership.

Published 01 Feb, 2017 09:56am

General News

CPEC to benefit entire region, neighbours

GILGIT: Provincial Minister for Information, Planning and Development, Iqbal Hassan Khan has said China-Pakistan Economic Corridor Project (CPEC) was a life line project for Pakistan, which will also benefit the entire region and neighbours.

Published 01 Feb, 2017 09:54am

Pakistan

3 bills introduced in National Assembly

ISLAMABAD: As many as three bills including the Apprenticeship Bill, 2017, the Pakistan Tobacco Board (Amendment) Bill, 2017 and the Alternate Dispute Resolution Bill, 2016 were introduced in the National Assembly on Wednesday.

Published 01 Feb, 2017 09:50am

Cricket

Shoaib Akhtar suggests to make Babar Azam captain

ISLAMABAD: Former Pakistan cricketer and world's fastest bowler Shoaib Akhtar has said that Babar Azam should be made Test captain of Pakistan team.

Published 01 Feb, 2017 09:50am

Life & Style

Leading by example, Hrithik Roshan pledges to donate his eyes

Hrithik Roshan won million of hearts with his role as a visually impaired person in his latest film Kaabil.

Published 01 Feb, 2017 09:44am

Pakistan Top News

Pakistan to become Asia's premier trade, energy corridor: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Wednesday said Pakistan's strategic location makes it a market having potential to become Asia's premier trade, energy and transport corridor.

Published 01 Feb, 2017 09:26am

Life & Style

After Tabu, Neil Nitin Mukesh joins 'Golmaal Again'

Actor Neil Nitin Mukesh has joined the cast of popular Golmaal series directed by Rohit Shetty.

Published 01 Feb, 2017 09:10am

Industries & Sectors

PR introduces E-ticketing system in KP

ISLAMABAD: Pakistan Railways (PR) has introduced Electronic ticketing system in Khyber Pakhtunkhwa to facilitate passengers travelling by trains.

Published 01 Feb, 2017 08:38am

Technology

New form of matter discovered, dubbed 'Time Crystals'

Just in, scientists have developed now what could be called a fourth state of matter dubbed time crystals, although the name sounds like something out of a sci-fi flick, they are very real and may not have to do much with time travel.%D%A%D%A

Published 01 Feb, 2017 08:34am

Business & Economy

Pakistan inflation rate falls to 3.66pc

ISLAMABAD: Pakistan's inflation rate eased to 3.

Published 01 Feb, 2017 08:21am

Cricket

Afridi eyeing to turn free agent cricketer

Pakistan star All-rounder Shahid Afridi, has hinted about retiring from international cricket and focusing playing on different leagues around the world.

Published 01 Feb, 2017 08:13am

Life & Style

Hollywood unions slam Trump on immigration

LOS ANGELES: Two of the most influential unions in US filmmaking spoke out Tuesday to denounce President Donald Trump's ban on immigrants from seven Muslim-majority nations.

Published 01 Feb, 2017 07:49am

Cricket

West Indian Russell banned over whereabouts violation

KINGSTON: West Indies all-rounder Andre Russell was banned on Tuesday for one year for a doping whereabouts rule violation.

Published 01 Feb, 2017 07:38am

Front Top News

SC adjourns Panama case hearing over judges unavailability

ISLAMABAD: The five-member bench of Supreme Court (SC) on Wednesday has adjourned the Panama Leaks case hearing till Monday due to heart ailment of Justice Sheikh Azmat Saeed.

Published 01 Feb, 2017 07:31am

North America

New Pentagon chief seeks to underscore alliances with Japan, South Korea

WASHINGTON: New Pentagon chief James Mattis on Wednesday heads to South Korea and Japan, where he will seek to reassure the key US allies about American security commitments in the region.

Published 01 Feb, 2017 07:30am

North America

Trump picks conservative Gorsuch to shift Supreme Court balance

WASHINGTON: Donald Trump has nominated Judge Neil Gorsuch to the Supreme Court, seizing an unusual early opportunity to put conservatives back in the majority on America's top court.

Published 01 Feb, 2017 07:28am

Asia

Ban Ki-moon says will not run for South Korea presidency

SEOUL: Former United Nations secretary-general Ban Ki-moon, one of the world's most recognised South Koreans, announced Wednesday he will not stand for the presidency of his country.

Published 01 Feb, 2017 07:21am

Financial

Tokyo stocks end higher as yen buying on Trump fizzles

TOKYO: Tokyo shares closed higher Wednesday on bargain-hunting after two days of losses and as a rise in the value of the yen fizzled.

Published 01 Feb, 2017 07:20am

Front Top News

Q1: External debt rises by $1bn

RECORDER REPORT%D%A%D%AISLAMABAD: Pakistans external and domestic debts increased by $1 billion and Rs772 billion respectively during the first quarter of the current financial year, reveals Debt Policy Coordination Office, Ministry of Finance, in its fis

Published 01 Feb, 2017 07:14am

Pakistan Top News

RECORDER REPORT-PSX mid day update

KARACHI: On Wednesday, until mid day, KSE-100 Index was at 49220.

Published 01 Feb, 2017 07:13am

'Dayfresh milk products meet legal standards, quality specifications'

Dairyland (Pvt) Ltd has informed media outlets to assist them in the reporting of legal proceedings regarding packaged milk products, which is sub judice before the Supreme Court of Pakistan. "We hope that due care will be taken to ensure that there is no