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Archive - 2017-02-18
Mr Goa Yu calls on Shehbaz Sharif
General News

Mr Goa Yu calls on Shehbaz Sharif

LAHORE: China's famous Company Harbin Electric International Chairman Mr Goa Yu called on Punjab Chief Minister Muhammad Shehbaz Sharif here on Saturday.
Published 18 Feb, 2017 07:59pm
International institutes acknowledging achievements of Pakistan: Dar
Pakistan Top News

International institutes acknowledging achievements of Pakistan: Dar

ISLAMABAD: The Federal Minister for Finance, Senator Mohammad Ishaq Dar said many credible international institutions were now openly acknowledging the achievements of Pakistan which would help correct the misperceptions about the country.
Published 18 Feb, 2017 07:58pm
British PM to meet PSA boss over Vauxhall takeover plans
Europe

British PM to meet PSA boss over Vauxhall takeover plans

LONDON: Prime Minister Theresa May will meet with PSA chief executive Carlos Tavares to discuss its plans to take over the European arm of General Motors, which includes Britain's Vauxhall cars, her office said Saturday.
Published 18 Feb, 2017 07:31pm
Golf club brings Trump brand to glitzy Dubai
Middle East

Golf club brings Trump brand to glitzy Dubai

DUBAI: The American president's businessman sons opened the Trump International Golf Club Saturday as Dubai hosted the first foreign launch of a venue bearing Donald Trump's name since he took office.
Published 18 Feb, 2017 07:25pm
Football: Bale sees silver lining in injury misery
Football

Football: Bale sees silver lining in injury misery

MADRID: Gareth Bale hopes three tough months on the sidelines will have their recompense by helping Real Madrid's bid for La Liga and Champions League glory and Wales' hopes of reaching the World Cup.
Published 18 Feb, 2017 07:10pm
Pliskova takes Qatar Open title
Sports

Pliskova takes Qatar Open title

DOHA: Karolina Pliskova beat Caroline Wozniacki for the first time in her career to claim the Qatar Open title on Saturday.
Published 18 Feb, 2017 04:50pm
PSL 11: United opts to bowl first
Cricket

PSL 11: United opts to bowl first

SHARJAH: Islamabad United won the toss and opted to bowl first ongoing second edition of Pakistan Super League (PSL) 2017 encounter against Darren Sammys Peshawar Zalmi here in Sharjah on Saturday.
Published 18 Feb, 2017 04:41pm
Tsonga slams Berdych to reach Rotterdam final
Sports

Tsonga slams Berdych to reach Rotterdam final

ROTTERDAM: Jo-Wilfried Tsonga rained down ten aces, finishing off Tomas Berdych 6-3, 6-4 in 72 minutes on Saturday to power into a second Rotterdam World Tennis final on Saturday.
Published 18 Feb, 2017 04:14pm
Those who target innocent people not to be spared: Nisar
Front Top News

Those who target innocent people not to be spared: Nisar

ISLAMABAD: Minister for Interior, Chaudhry Nisar Khan on Saturday said that those who target innocent people, whether they are inside the country or come from foreign lands would not be spared.
Published 18 Feb, 2017 03:51pm
Merkel warns countries not to go it alone
Europe

Merkel warns countries not to go it alone

MUNICH: German Chancellor Angela Merkel on Saturday warned countries against going it alone, saying the only way to solve global problems is to work together.
Published 18 Feb, 2017 12:20pm
Trump 'unwavering' in commitment to NATO alliance: Pence
World Top News

Trump 'unwavering' in commitment to NATO alliance: Pence

MUNICH: US Vice President Mike Pence on Saturday said President Donald Trump would stand by the NATO transatlantic alliance and no one should doubt his commitment after sacrifices made to defend it.
Published 18 Feb, 2017 12:11pm
Trump 'unwavering' in commitment to NATO alliance
Europe

Trump 'unwavering' in commitment to NATO alliance

MUNICH: US Vice President Mike Pence on Saturday said President Donald Trump would stand by the NATO transatlantic alliance and no one should doubt his commitment after sacrifices made to defend it.
Published 18 Feb, 2017 10:22am
Merkel wants to discuss cyber attacks with Russia
Europe

Merkel wants to discuss cyber attacks with Russia

MUNICH: German Chancellor Angela Merkel said on Saturday she would like to discuss cyber attacks and fake news with Russia, but it was questionable whether the problem of fake news could be successfully addressed before European elections this year.
Published 18 Feb, 2017 09:40am
'CCTV cameras in Islamabad cannot help identify faces or number plates'
Pakistan Top News

'CCTV cameras in Islamabad cannot help identify faces or number plates'

%D%AZULFIQAR AHMAD%D%A%D%AISLAMABAD: The government stunned the lawmakers in Senate on Friday by revealing that 1,900 CCTV cameras installed across the federal capital under the multibillion rupees 'Safe City Project' do not have the software to i
Published 18 Feb, 2017 09:21am
Govt firms up $600m loan from Chinese banks
Front Top News

Govt firms up $600m loan from Chinese banks

MUSHTAQ GHUMMAN%D%A%D%AISLAMABAD: Ministry of Finance (MoF) has reportedly finalised arrangements for $ 600 million commercial loan from two Chinese banks to be utilised for balance of payments and budgetary support, well-informed sources told Business Re
Updated 18 Feb, 2017 08:58am
Global ocean temperatures rise, oxygen levels drop!
Technology

Global ocean temperatures rise, oxygen levels drop!

According to a recent new study, the oxygen levels in the oceans have dropped significantly over the past half a century owing to our own human activities such as the use of fossil fuels and dumping of fertilizers in the sea.%D%A%D%A
Published 18 Feb, 2017 08:46am
Arrested Samsung heir appears handcuffed for questioning
Front Top News

Arrested Samsung heir appears handcuffed for questioning

SEOUL: Handcuffed and bound with ropes, the heir of electronics giant Samsung appeared for questioning Saturday over his alleged involvement in the corruption scandal currently engulfing South Korean President Park Geun-Hye.
Published 18 Feb, 2017 08:45am
Ogra seeks LPG record to analyse prices
Industries & Sectors

Ogra seeks LPG record to analyse prices

WASIM IQBAL%D%A%D%AISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has directed both the public and private sector LPG marketing companies and LPG producers to provide record of LPG business for the last 3 financial years to determine the fair analysis
Published 18 Feb, 2017 08:33am
Malaysia arrests North Korean in Kim killing
Asia

Malaysia arrests North Korean in Kim killing

KUALA LUMPUR: Malaysian police said Saturday they had arrested a North Korean man over the assassination of Kim Jong-Un's brother, as relations between Pyongyang and Kuala Lumpur nosedived in a battle for his body.
Published 18 Feb, 2017 07:59am
Trump heads to Florida to reconnect with his base
North America

Trump heads to Florida to reconnect with his base

PALM BEACH: President Donald Trump will bask in the adulation of supporters on Saturday as he holds a campaign-style rally in Florida, reconnecting with his base outside Washington after a stormy first month in office.
Published 18 Feb, 2017 07:55am
'LESCO employees involved in excessive billing'

'LESCO employees involved in excessive billing'

The Lahore Electric Supply Company (LESCO) employees are not taking photographs of B2, B3 and B4 electricity meters for printing on the back of electricity bills and are involved in excessive billing throughout the region, said industry sources. So much s
Published 18 Feb, 2017 12:00am
'Record development projects initiated in Sialkot'

'Record development projects initiated in Sialkot'

Under the dynamic leadership of Prime Minister Nawaz Sharif, PML-N government is spending billions of rupees on different projects in Sialkot as compared to previous regimes. Sialkot, the export city was totally ignored by the past governments and deprive
Published 18 Feb, 2017 12:00am
Shahbaz says Lahore attack planned in Afghanistan

Shahbaz says Lahore attack planned in Afghanistan

Punjab Chief Minister Shahbaz Sharif said on Friday that planning of the terrorist attack in Lahore was made in Afghanistan and the suicide bomber who attacked a protest rally on the Mall Road, claiming 14 lives on February 13, also belonged to the neighb
Published 18 Feb, 2017 12:00am
UVAS to hold livestock summit from February 21

UVAS to hold livestock summit from February 21

The University of Veterinary & Animal Sciences (UVAS) Lahore in collaboration with Nutritionists Association of Pakistan (NAP) is arranging a two-day International Livestock Nutrition Summit with the theme "Feed, Farm, Food & Innovations" on February 21,
Published 18 Feb, 2017 12:00am
PTI submits resolution in Punjab Assembly over terror attacks

PTI submits resolution in Punjab Assembly over terror attacks

Pakistan Tehreek-i-Insaf (PTI) on Friday submitted a resolution in Punjab Assembly over the recent terror attacks in the country. The resolution submitted by Shoaib Siddiqui has strongly condemned the blasts in Lahore, Quetta, Peshawar and Sehwan Sharif.
Published 18 Feb, 2017 12:00am
Increase in trade: Brazil envoy for removing communication gap

Increase in trade: Brazil envoy for removing communication gap

Brazilian Ambassador Claudio Lins has said that his country is keen to strengthen government to government level and private to private sector relations in the larger interest of both the countries. While talking to the LCCI Acting President Muhammad Nasi
Published 18 Feb, 2017 12:00am
LCCI, Pak-consulate in Sydney to adopt mechanism to foster trade

LCCI, Pak-consulate in Sydney to adopt mechanism to foster trade

Lahore Chamber of Commerce and Industry and Pakistan Consulate in Sydney would adopt new methodology to enhance the volume of two-way trade between Pakistan and Australia. This was agreed during a meeting between the LCCI President Abdul Basit and Pakista
Published 18 Feb, 2017 12:00am
Business seminar to revive sick industry of Punjab: Alauddin

Business seminar to revive sick industry of Punjab: Alauddin

Provincial Minister for Industries, Commerce and Investment (ICI) Sheikh Alauddin has said that 2nd International Business Seminar will be held in April which will enhance business opportunities as well as revive sick industry of Punjab. He was addressing
Published 18 Feb, 2017 12:00am
Indian aggression at LoC condemned

Indian aggression at LoC condemned

Politicians, businessmen and civil society leaders on Thursday condemned the unprovoked firing by Indian forces along the Line of Control (LoC), in which 3 soldiers were martyred. Slamming the Indian aggression, they said that Pakistan's desire for peace
Published 18 Feb, 2017 12:00am
UHS announces results

UHS announces results

The University of Health Sciences (UHS) announced the result of Final Professional MBBS annual examination 2016. A total of 4521 candidates from 32 affiliated medical colleges appeared in the exam out of which 3788 passed and 673 failed. Result of 59 cand
Published 18 Feb, 2017 12:00am
Rs 428.58 billion released under PSDP: ministry

Rs 428.58 billion released under PSDP: ministry

The government had released Rs 428.58 billion till Friday (53.57 percent of the budgeted amount), including Rs 118.6 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the total bud
Published 18 Feb, 2017 12:00am
PGJDC to hold global expo in April

PGJDC to hold global expo in April

Pakistan Gems and Jewellery Development Company (PGJDC) will organize a four-day international exhibition from April 13 to 16 in Lahore. Talking to this scribe, Chief Executive Officer, PGJDC, Bakhtiar Khan has said that the company is going to organize i
Published 18 Feb, 2017 12:00am
World Bank President condemns terrorist attacks

World Bank President condemns terrorist attacks

President of the World Bank Group (WBG), Jim Yong Kim on Friday condemned the terrorist attacks in Pakistan. In a statement issued by the WBG, the President of World Bank said "On behalf of the World Bank Group, I wish to express our shock and sadness at
Published 18 Feb, 2017 12:00am
Pakistan, Hong Kong sign deal on avoidance of double taxation

Pakistan, Hong Kong sign deal on avoidance of double taxation

Pakistan and Hong Kong signed the pact on Friday on avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income. Pakistan's Ambassador to China Masood Khalid signed the agreement while the Secretary for Financial Services
Published 18 Feb, 2017 12:00am
Senate body witnesses production of JF-17 Thunder aircraft

Senate body witnesses production of JF-17 Thunder aircraft

The Senate Standing Committee on Defence on Friday witnessed the production of state-of-the-art JF-17 Thunder aircraft and acknowledged the role played by Pakistan Aeronautical Complex Kamra in making the country self-reliant and enhancing indigenous capa
Published 18 Feb, 2017 12:00am
Senate body witnesses production of JF-17 Thunder aircraft

Senate body witnesses production of JF-17 Thunder aircraft

The Senate Standing Committee on Defence on Friday witnessed the production of state-of-the-art JF-17 Thunder aircraft and acknowledged the role played by Pakistan Aeronautical Complex Kamra in making the country self-reliant and enhancing indigenous capa
Published 18 Feb, 2017 12:00am
Huge quantity of smuggled cigarettes seized

Huge quantity of smuggled cigarettes seized

Regional Tax Office (RTO) Abbottabad has seized a huge cache of non-duty paid smuggled and illegal cigarettes during raids in Abbottabad and Mansehra. The raids were conducted on a tips received by the Officer Incharge Intelligence (Investigation & Prosec
Published 18 Feb, 2017 12:00am
PCST Bill 2016 approved with amendments by Senate body

PCST Bill 2016 approved with amendments by Senate body

Senate Standing Committee on Science and Technology approved 'The Pakistan Council of Science and Technology Bill, 2016' with some amendments on Friday. The committee met with Senator Osman Saifullah Khan in the chair where the ministry briefed the body r
Published 18 Feb, 2017 12:00am
Maleeha reaffirms support to Kashmiris

Maleeha reaffirms support to Kashmiris

Reaffirming Pakistan's continued support for Kashmiri people's UN-pledged right to self-determination, Ambassador Maleeha Lodhi told a large gathering of Kashmiri and Pakistani community members to step up their efforts to build greater understanding abou
Published 18 Feb, 2017 12:00am
Lack of coordination among LEAs attributed to terrorists' attacks

Lack of coordination among LEAs attributed to terrorists' attacks

The lack of co-ordination between intelligence agencies at the centre and provincial level is the main reason behind the failure to root out terrorists' sleeper cells that account for the recent rise in terror attacks across the country, official sources
Published 18 Feb, 2017 12:00am
US ambassador dedicates General Electric locomotives at Cantt station

US ambassador dedicates General Electric locomotives at Cantt station

The American Ambassador to Pakistan David Hale dedicated the General Electric locomotives at the Karachi Cantonment railway station. The Ambassador, alongside Grace Shelton, US Consul General for Karachi; Sarim Sheikh, CEO, GE Pakistan and Central Asia; P
Published 18 Feb, 2017 12:00am
Hascol announces completion of Mehmood Kot Installation

Hascol announces completion of Mehmood Kot Installation

Hascol Petroleum has announced that its Mehmood Kot Installation has been fully completed for uplifting of petroleum products. According to material information sent to Pakistan Stock Exchange on Friday, the installation has been constructed on approximat
Published 18 Feb, 2017 12:00am
Unsuccessful bidder SC dismisses review petition of CHL

Unsuccessful bidder SC dismisses review petition of CHL

The Supreme Court of Pakistan (SCP) has dismissed the review petition filed by the unsuccessful bidder M/s Cargill Holding limited (CHL), and has vindicated Privatisation Commission's decisions in the HEC transaction. CHL had filed the review petition bef
Published 18 Feb, 2017 12:00am
Lenovo launches Moto Z smartphone

Lenovo launches Moto Z smartphone

Lenovo, through its subsidiary, Motorola Mobility, Friday announced the availability of Moto Z smartphone in Pakistan. With Moto Mods, Lenovo has entered the next era of mobile technology. Consumers can transform their Moto smartphone into exactly what th
Published 18 Feb, 2017 12:00am
TMO, 2 brothers held for corruption in government contracts

TMO, 2 brothers held for corruption in government contracts

National Accountability Bureau (NAB), Karachi, on Friday claimed to have nabbed former Town Municipal Officer (TMO) and two fake contractors of Town Committee Manjhand, District Jamshoro. The detainees were nominated and wanted in investigation being cond
Published 18 Feb, 2017 12:00am
Customs value of coaxial cable revised

Customs value of coaxial cable revised

Directorate General of Customs Valuation (DGCV) on Friday revised the customs value of coaxial cables under section 25 A of the Customs Act, 1969. According to the revised ruling, the DGCV has initiated an exercise for determination of customs values of c
Published 18 Feb, 2017 12:00am
UN condemns Sehwan terror attack

UN condemns Sehwan terror attack

The United Nations in Pakistan on Friday strongly condemned the terror attack on Lal Shahbaz Qalandar shrine in Sindh. "The United Nations family in Pakistan stands together with all in Pakistan in shock and grief after the heinous attack on Thursday on h
Published 18 Feb, 2017 12:00am
Pakistani pair set to hang in Singapore for murder

Pakistani pair set to hang in Singapore for murder

Two Pakistani men face the gallows in Singapore after a court Friday found them guilty of murdering a compatriot over a gambling dispute and dismembering the body. Street-side tissue sellers Rasheed Muhammad, 45, and Ramzan Rizwan, 28, were convicted of s
Published 18 Feb, 2017 12:00am
AKTI announces drive for thalassemic children

AKTI announces drive for thalassemic children

All Karachi Tajir Ittehad (AKTI) on Friday announced its drive for Thalassemic kids to help increase blood donations and set up test facility for the patients in the city. Talking to Business Recorder, Chairman AKTI Atiq Mir said that the traders had step
Published 18 Feb, 2017 12:00am
SJA, IBA CEIF hold training program on Islamic banking

SJA, IBA CEIF hold training program on Islamic banking

IBA Centre for Excellence in Islamic Finance (CEIF) and the Sindh Judicial Academy (SJA) collaboratively organised here a three-day intensive learning program at the SJA. The training, titled "Principles and Procedures of Islamic Banking and Adjudication
Published 18 Feb, 2017 12:00am
Allies win US backing for political solution in Syria

Allies win US backing for political solution in Syria

US allies won assurances Friday from new Secretary of State Rex Tillerson that Washington backed a UN-brokered political solution to the Syria conflict, the latest sign the Trump administration will keep to existing policy. Tillerson used a G20 gathering
Published 18 Feb, 2017 12:00am
Germany warns US against threatening EU cohesion

Germany warns US against threatening EU cohesion

Germany's Defence Minister Ursula von der Leyen on Friday warned Washington against hurting European cohesion and seeking a rapprochement with Russia behind the backs of its allies. Europe has been rattled by US President Donald Trump's praise for Britain
Published 18 Feb, 2017 12:00am
Transatlantic bond 'strongest bulwark' against instability: Mattis

Transatlantic bond 'strongest bulwark' against instability: Mattis

The bond between Europe and America is the "strongest bulwark" against instability and violence, US Defence Secretary Jim Mattis said Friday as he tried to calm jittery allies seeking clarity from Donald Trump's White House. International partners remain
Published 18 Feb, 2017 12:00am
Transatlantic bond 'strongest bulwark' against instability: Mattis

Transatlantic bond 'strongest bulwark' against instability: Mattis

The bond between Europe and America is the "strongest bulwark" against instability and violence, US Defence Secretary Jim Mattis said Friday as he tried to calm jittery allies seeking clarity from Donald Trump's White House. International partners remain
Published 18 Feb, 2017 12:00am
UN-backed peace talks in balance as Cyprus rivals bicker

UN-backed peace talks in balance as Cyprus rivals bicker

The future of UN-backed Cyprus reunification talks hung in the balance on Friday as rival Cypriot leaders rowed over who was at fault for walking out of their negotiations. Although UN envoy Espen Barth Eide has voiced confidence that a meeting next Thurs
Published 18 Feb, 2017 12:00am
Merkel says Nato important for US too

Merkel says Nato important for US too

German Chancellor Angela Merkel said Friday that Nato is important not just for Europe but also for the United States, speaking as a major security gathering kicked off in Munich. "I think we should all be aware of the mutual value of Nato," she said at a
Published 18 Feb, 2017 12:00am
New Zealand part of sunken 'lost continent'

New Zealand part of sunken 'lost continent'

New Zealand sits atop a previously unknown continent - mostly submerged beneath the South Pacific - that should be recognised with the name Zealandia, scientists said Friday. Researchers said Zealandia was a distinct geological entity and met all the crit
Published 18 Feb, 2017 12:00am
Australian Prime Minister Turnbull offers media advice to Trump

Australian Prime Minister Turnbull offers media advice to Trump

Australia's prime minister, who was at the receiving end of US President Donald Trump's ire during a fiery phone call last month, on Friday offered media advice to the billionaire politician after he attacked the press. Trump stunned the political world T
Published 18 Feb, 2017 12:00am
Turkey recalls clerics, denies wrongdoing in Germany spy case

Turkey recalls clerics, denies wrongdoing in Germany spy case

Turkey's religious affairs agency said Friday it had recalled six clerics from Germany for exceeding their authority but lashed out at German police for raiding the homes of preachers suspected of spying for Ankara. The Diyanet agency's chief Mehmet Gorme
Published 18 Feb, 2017 12:00am
Kazakhstan avalanche kills seven soldiers

Kazakhstan avalanche kills seven soldiers

Seven soldiers died in Kazakhstan after being hit by an avalanche during a military exercise, emergency services in the Central Asian country said Friday. "Sixteen soldiers were rescued. Unfortunately seven soldiers were found dead," Ruslan Imankulov, spo
Published 18 Feb, 2017 12:00am
Two killed, several missing in Tanzania mine collapse
Currency

Two killed, several missing in Tanzania mine collapse

Two miners were killed and several others are believed missing after an illegal gold mine collapsed in northern Tanzania, the mining ministry said Friday. At least 18 miners were illegally digging for gold in the town of Buhemba near Lake Victoria on Mond
Published 18 Feb, 2017 12:00am
Thousands turn out for Baghdad 'silent protest'

Thousands turn out for Baghdad 'silent protest'

Thousands of Iraqis, mostly supporters of cleric Moqtada Sadr, held a silent protest in central Baghdad on Friday, a week after a rally demanding electoral reform turned violent. They gathered on Tahrir Square where on February 11 the security forces used
Published 18 Feb, 2017 12:00am
Sri Lanka beat Australia off last ball to win first T20

Sri Lanka beat Australia off last ball to win first T20

Chamara Kapugedera smashed a four off the last ball to give Sri Lanka a thrilling five-wicket victory over Australia in their first Twenty20 international at the Melbourne Cricket Ground on Friday. The win kept Sri Lanka unbeaten in four T20 international
Published 18 Feb, 2017 12:00am
Bangladesh tour of Sri Lanka schedule

Bangladesh tour of Sri Lanka schedule

Sri Lanka's cricket board Friday announced the schedule for a series of Test matches and limited overs internationals against Bangladesh who begin a tour of the island next month. The teams will play two Tests at the start of the tour, one in the capital
Published 18 Feb, 2017 12:00am
Tahir spins South Africa to New Zealand T20 win

Tahir spins South Africa to New Zealand T20 win

Veteran spinner Imran Tahir was the destroyer as South Africa began their tour of New Zealand with an emphatic 78-run victory over the Black Caps in a one-off Twenty20 on Friday. Tahir claimed five wickets as the Proteas skittled New Zealand for 107 with
Published 18 Feb, 2017 12:00am
Ibrahimovic says he's soccer's Indiana Jones

Ibrahimovic says he's soccer's Indiana Jones

Zlatan Ibrahimovic compared himself to the action movie hero Indiana Jones after scoring his first hat-trick for Manchester United. Just as fictional archaeologist Jones, played in a series of Hollywood movies by screen star Harrison Ford, usually returns
Published 18 Feb, 2017 12:00am
22 from Laos, Cambodia get life bans for fixing

22 from Laos, Cambodia get life bans for fixing

Twenty-two players and officials from Laos and Cambodia have been handed life bans in one of Asian football's biggest mass punishments for match-fixing. The Asian Football Confederation said the action follows an investigation that started in 2014, and th
Published 18 Feb, 2017 12:00am
China ahead of Taiwan in Davis Cup opener

China ahead of Taiwan in Davis Cup opener

Li Zhe and Wu Yibing emerged victorious in their singles matches Friday, giving China a 2-0 lead over Taiwan in the Davis Cup Asia/Oceania Group I tie. Li, ranked 244th, won after a gruelling five-set match against Taiwanese veteran Chen Ti played in Kaoh
Published 18 Feb, 2017 12:00am
Army, Master Paints post wins in Hamdan Polo

Army, Master Paints post wins in Hamdan Polo

Army and Master Paints registered constructive victories in the Hamdan Housing Polo Cup 2017 played here at the Lahore Polo Club (LPC) ground on Friday. In the first match of the day, half goal handicap advantage helped Army beat Master/Diamond Paints by
Published 18 Feb, 2017 12:00am
Russia slams BBC World Cup hooligan claims

Russia slams BBC World Cup hooligan claims

Russian officials on Friday slammed a BBC documentary warning of a "festival of violence" by hooligans at next year's World Cup in the country as "propaganda" aimed at tarring the event. "We need to look absolutely soberly at all this - an information cam
Published 18 Feb, 2017 12:00am
Sheraz wins KP Super League Squash Age Group title

Sheraz wins KP Super League Squash Age Group title

Second-seed Sheraz Akbar shocked top seed Humam Ahmad in a thrilling final of the KP Super League Squash Age Group Boys Championship Under-11 category here at PAF Hashim Khan Squash Complex on Friday. Member Congress Pakistan Hockey Federation and Secreta
Published 18 Feb, 2017 12:00am
Bannu lead as KP U-23 Male Games end

Bannu lead as KP U-23 Male Games end

The second edition of the Khyber Pakhtunkhwa Under-23 Male Games concluded at a Bannu Sports Compelx amidst great fun and joys in the colourful closing ceremony with Bannu recorded a thumping superiority against District Tank. Showing their superiority Ba
Published 18 Feb, 2017 12:00am
Alpine skiing: Hirscher wins first giant slalom title

Alpine skiing: Hirscher wins first giant slalom title

Austrian Marcel Hirscher held his nerve under worsening conditions to finally clinch his first world giant slalom title on Friday after two previous silvers. Hirscher, on track for a sixth consecutive World Cup overall crystal globe and silver medallist i
Published 18 Feb, 2017 12:00am
Aussie struggles, kiwi steadies
Currency

Aussie struggles, kiwi steadies

The Australian dollar stayed near a three-month high on Friday but struggled to trade above crucial chart resistance of 77 US cents after breaching that level three times this week. The Australian dollar held at $0.7701 after briefly popping up to $0.7732
Published 18 Feb, 2017 12:00am
Sterling drops on weak UK retail sales

Sterling drops on weak UK retail sales

Sterling sank to a 10-day low against the euro on Friday after a surprise third monthly fall running in British retail sales pointed to weakening consumer sentiment as the government gets ready to launch talks on leaving the European Union. Shoppers have
Published 18 Feb, 2017 12:00am
Yuan weakens
Currency

Yuan weakens

China's yuan weakened against the dollar on Friday but was still on course for its best week in more than a month, while interbank money rates were mixed for the week. The People's Bank of China set the official yuan midpoint rate at 6.8456 per dollar pri
Published 18 Feb, 2017 12:00am
Asian forex: won dips on Samsung chief's arrest
Currency

Asian forex: won dips on Samsung chief's arrest

The South Korean won eased on Friday after the leader of Samsung Group was arrested over his alleged role in a corruption scandal, while the Singapore dollar struggled to gain traction despite an upward revision to fourth-quarter growth. The Chinese yuan
Published 18 Feb, 2017 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee ended weaker in a shortened session on Friday on dollar demand from a foreign bank for dividend payment and as foreign investors sold government securities amid concerns of further depreciation in the rupee, dealers said. Rupee forwar
Published 18 Feb, 2017 12:00am
Dollar weakens against basket of currencies in New York
Currency

Dollar weakens against basket of currencies in New York

The dollar weakened against a basket of major currencies on Thursday, posting its steepest one-day drop in over two weeks, due to lower US bond yields and uncertainty over the timing of the Federal Reserve's next interest rate increase. The greenback post
Published 18 Feb, 2017 12:00am
Early trade in New York: yen rises against majors
Currency

Early trade in New York: yen rises against majors

The yen rose against major currencies on Friday as concerns about the upcoming French elections and the lack of movement in fiscal changes in the United States kindled safe-haven demand for the Japanese currency. The dollar improved versus most peers with
Published 18 Feb, 2017 12:00am
Election risks, retail sales hurt pound and euro in Europe

Election risks, retail sales hurt pound and euro in Europe

Falls for the euro and the pound dominated trade in the major global currencies on Friday, hit by a combination of nerves over upcoming French elections and signs British consumers are beginning to struggle in the face of the Brexit effect. A week of trad
Published 18 Feb, 2017 12:00am
Dollar wallows in Asian trade
Currency

Dollar wallows in Asian trade

The dollar wallowed near a one-week low against a basket of currencies on Friday after upbeat economic data failed to lift Treasury yields, with underlying concerns about US trade policy capping greenback attempts to bounce. The dollar index against a gro
Published 18 Feb, 2017 12:00am
FTSE gains for third week as Unilever rises

FTSE gains for third week as Unilever rises

Britain's top share index ended higher on Friday as Unilever rallied after a surprise $143 billion takeover bid from Kraft Heinz Co, leading the index to its third straight week of gains. The benchmark FTSE 100 index finished 0.3 percent higher on the day
Published 18 Feb, 2017 12:00am
Australian, New Zealand shares lower

Australian, New Zealand shares lower

Australian shares ended slightly lower on Friday, after the S&P/ASX 200 index on Thursday notched its highest close since May 5, 2015. The S&P/ASX 200 index was off 0.2 percent, or 10.51 points, at 5,805.8 by the close of trade. Lower iron ore and copper
Published 18 Feb, 2017 12:00am
Sri Lankan shares down

Sri Lankan shares down

Sri Lankan shares declined in a shortened session on Friday, further moving away from a four-week closing high hit earlier in the week, as investors sold banking stocks amid concerns over rising market interest rates. The Colombo stock index fell 0.22 per
Published 18 Feb, 2017 12:00am
European shares post second weekly gain as Unilever soars

European shares post second weekly gain as Unilever soars

European shares posted their second week of gains on Friday with personal and household goods stocks led by a leap in Unilever's shares after a takeover bid, though banking and resources stocks saw a pull-back. The pan-European STOXX 600 index was flat in
Published 18 Feb, 2017 12:00am
China share indexes fall

China share indexes fall

China's main stock indexes fell on Friday as investors retreated from brokerage and newly-listed stocks after a recent rally, erasing most of the gains made earlier this week. The blue-chip CSI300 index dropped 0.6 percent to 3,421.44 points, while the Sh
Published 18 Feb, 2017 12:00am
Indian shares surge

Indian shares surge

Indian shares closed at their highest in nearly five months on Friday, posting their fourth consecutive weekly gain, driven higher by financial stocks such as HDFC Bank, which hit a record intraday high. HDFC Bank, which rose as much as 9.5 pct in early t
Published 18 Feb, 2017 12:00am
Treasury prices gain

Treasury prices gain

US Treasury prices gained on Thursday as weaker stock markets and a falling US dollar increased demand for safe haven bonds, and after comments from a senior Federal Reserve official late on Wednesday were viewed as relatively dovish. US stock markets wer
Published 18 Feb, 2017 12:00am
Treasury prices gain

Treasury prices gain

US Treasury prices gained on Thursday as weaker stock markets and a falling US dollar increased demand for safe haven bonds, and after comments from a senior Federal Reserve official late on Wednesday were viewed as relatively dovish. US stock markets wer
Published 18 Feb, 2017 12:00am
Hong Kong stocks ease

Hong Kong stocks ease

Hong Kong stocks fell on Friday, as capital inflows from the mainland took a breather and investors locked in profits after the main index closed at an 18-month high the previous session. The benchmark Hang Seng index dropped 0.3 percent, to 24,033.74 poi
Published 18 Feb, 2017 12:00am
Dow Jones barely notches sixth straight record high close

Dow Jones barely notches sixth straight record high close

The Dow Jones Industrial Average scored its sixth straight record high on Thursday, but just barely, while the S&P 500 edged lower due to declining energy stocks. It was a mixed day on wall Street as investors digested recent gains and sold banks that hav
Published 18 Feb, 2017 12:00am
Tokyo stocks down as loss-hit Toshiba dives

Tokyo stocks down as loss-hit Toshiba dives

Tokyo stocks fell Friday, led by major banks and automakers, while Toshiba posted its fourth day of losses as worries mount over its deteriorating finances. Equities started in the red, taking a lead from Wall Street where two of the three main indexes cl
Published 18 Feb, 2017 12:00am
British consumers battered by Brexit inflation
Currency

British consumers battered by Brexit inflation

British shoppers unexpectedly cut back on their spending in January as last year's Brexit vote pushed up inflation, official data showed on Friday, the strongest sign to date that the country's economy is heading for a slowdown. Consumers were barely faze
Published 18 Feb, 2017 12:00am
Allianz warns of uncertain year ahead

Allianz warns of uncertain year ahead

German insurance giant Allianz said Friday it aims to boost profits this year in the face of expected political and economic risks, after reporting strong results for 2016. The group had faced a "difficult environment" last year, chief executive Oliver Ba
Published 18 Feb, 2017 12:00am
Opel workers 'open' to possible takeover by Peugeot

Opel workers 'open' to possible takeover by Peugeot

Unions and employee representatives of German carmaker Opel said Friday they are ready to play a "constructive" role in negotiations over a possible takeover by French carmaker PSA Peugeot Citroen. Worker representatives "are ready to hold constructive ta
Published 18 Feb, 2017 12:00am
Merkel to back Opel workers

Merkel to back Opel workers

German Chancellor Angela Merkel said Friday she would do everything possible to protect jobs and factories in Germany if carmaker Opel is taken over by France's PSA. "We will do everything politically possible to secure jobs and sites in Germany," Merkel
Published 18 Feb, 2017 12:00am
Hanjin Shipping declared bankrupt

Hanjin Shipping declared bankrupt

The axe finally fell on South Korea's once-mighty Hanjin Shipping on Friday as a Seoul court declared it bankrupt after struggling for years under the weight of billions of dollars-worth of debt. Hanjin filed for bankruptcy protection in August owing $5.3
Published 18 Feb, 2017 12:00am
Swiss banks face withdrawals due to tax clampdown

Swiss banks face withdrawals due to tax clampdown

Wealthy clients in 2016 pulled out almost $30 billion of untaxed assets from three of the world's biggest private banks, UBS, Credit Suisse and Julius Baer, taking advantage of government programmes letting them pay tax on undeclared money. With tax amnes
Published 18 Feb, 2017 12:00am
Swiss banks face withdrawals due to tax clampdown

Swiss banks face withdrawals due to tax clampdown

Wealthy clients in 2016 pulled out almost $30 billion of untaxed assets from three of the world's biggest private banks, UBS, Credit Suisse and Julius Baer, taking advantage of government programmes letting them pay tax on undeclared money. With tax amnes
Published 18 Feb, 2017 12:00am
Japan business mood mixed in export-led recovery: Reuters Tankan

Japan business mood mixed in export-led recovery: Reuters Tankan

Confidence among Japanese manufacturers rose for a sixth straight month in February to a 2-1/2 year high but the service sector's mood fell for the first time in four months, a Reuters poll showed, underscoring the export-led nature of the economic recove
Published 18 Feb, 2017 12:00am
Foreigners buy record amount of Canadian securities in 2016

Foreigners buy record amount of Canadian securities in 2016

Foreign investors bought C$10.23 billion ($7.81 billion) worth of Canadian securities in December, sealing a new annual record for purchases of bonds, stocks and money market paper, Statistics Canada said on Friday. Net securities' investment from outside
Published 18 Feb, 2017 12:00am
Foreigners buy record amount of Canadian securities in 2016

Foreigners buy record amount of Canadian securities in 2016

Foreign investors bought C$10.23 billion ($7.81 billion) worth of Canadian securities in December, sealing a new annual record for purchases of bonds, stocks and money market paper, Statistics Canada said on Friday. Net securities' investment from outside
Published 18 Feb, 2017 12:00am
As US shale oil activity surges, sand could be in short supply

As US shale oil activity surges, sand could be in short supply

Demand for frac sand has surged in recent weeks as US producers rush back to the oil patch, stoking concern that supplies of the key component of drilling may not be able to keep up with demand later this year, industry professionals said. The growing app
Published 18 Feb, 2017 12:00am
Virgin Australia defers Boeing deliveries after profits drop

Virgin Australia defers Boeing deliveries after profits drop

Virgin Australia Holdings Ltd on Friday said it would defer the delivery of new Boeing Co 737 MAX aircraft for at least a year as it continues to battle against tough demand conditions in the domestic aviation market. Virgin Chief Executive John Borghetti
Published 18 Feb, 2017 12:00am
Romanian growth set to be best in EU

Romanian growth set to be best in EU

Poverty-stricken Romania looks to have logged the EU's highest economic growth rate in 2016, official data showed Tuesday even as anti-government protests entered a third week. Gross domestic product expanded 4.8 per cent, the preliminary figures showed,
Published 18 Feb, 2017 12:00am
Indonesia holds key rate

Indonesia holds key rate

Indonesia's central bank kept its key interest rate unchanged on Thursday and said monetary policy remains "cautiously accommodative" though it is keeping an eye on inflation pressures. Bank Indonesia (BI) kept its benchmark policy rate at 4.75 percent, a
Published 18 Feb, 2017 12:00am
Poland's economy gains momentum at start of 2017

Poland's economy gains momentum at start of 2017

Polish industrial output and retail sales rose at their fastest pace since 2011 in January, data showed on Friday, confirming the European Union's largest eastern economy has rebounded from its slowdown last year. The data also showed rising inflationary
Published 18 Feb, 2017 12:00am
Peru economy expands by fastest pace since 2013
Currency

Peru economy expands by fastest pace since 2013

Peru's economy expanded by a stronger-than-expected pace of 3.25 percent in December from a year earlier and by 3.90 percent in all of 2016 as a surge in copper production offset tepid domestic demand, official data showed on Wednesday. A Reuters poll had
Published 18 Feb, 2017 12:00am
Oman expects further non-Opec output cuts

Oman expects further non-Opec output cuts

Non-Opec oil producers are expected to cut output further this month under a landmark deal with the cartel aimed at curbing a global supply glut, Oman's oil minister said Wednesday. "We expect the (compliance) figures to be encouraging in February," Moham
Published 18 Feb, 2017 12:00am
Time Inc's revenue, profit down

Time Inc's revenue, profit down

Time Inc, publisher of Sports Illustrated and People magazines, reported lower-than-expected quarterly profit and revenue on Thursday, hurt by a stronger dollar. The company said print ad revenue, which accounts for more than two-thirds of its total ad sa
Published 18 Feb, 2017 12:00am
Time Inc's revenue, profit down

Time Inc's revenue, profit down

Time Inc, publisher of Sports Illustrated and People magazines, reported lower-than-expected quarterly profit and revenue on Thursday, hurt by a stronger dollar. The company said print ad revenue, which accounts for more than two-thirds of its total ad sa
Published 18 Feb, 2017 12:00am
US FOB Gulf soyabean offers rise

US FOB Gulf soyabean offers rise

Export premiums for soyabeans shipped from the US Gulf Coast edged up on Wednesday on firm CIF basis values and slow selling by farmers in rival shipper Brazil, traders said. Export premiums for US corn were steady to firm, while wheat premiums stayed fla
Published 18 Feb, 2017 12:00am
Cotton prices fall ahead of PCGA report
Cotton

Cotton prices fall ahead of PCGA report

Prices failed to maintain present levels on the cotton market on Friday ahead of Pakistan Cotton Ginners Association (PCGA) fortnightly report shortly, dealers said. The official spot rate drifted lower by Rs 50 to Rs 6650, they said. In Sindh, seed cotto
Published 18 Feb, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 123,496 tonnes of cargo comprising 97,744 tonnes of import cargo and 25,752 tonnes of export cargo including 6,298 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 97,7
Published 18 Feb, 2017 12:00am
China's iron ore futures rise to three-year high

China's iron ore futures rise to three-year high

China's iron ore futures rose for a sixth session in a row on Tuesday, hitting their highest in more than three years, amid firm steel demand in the world's top consumer and tighter supply driven by Beijing's campaign against smog. As futures rallied, spo
Published 18 Feb, 2017 12:00am
EU wheat futures rise to six-month high

EU wheat futures rise to six-month high

Euronext wheat futures rose to fresh six-month highs on Wednesday, buoyed by hopes that a weakening euro will boost exports, while a rise in Chicago wheat also supported. Market participants were also making adjustments before the expiry of options on fro
Published 18 Feb, 2017 12:00am
US Midwest corn and soya bids mostly higher

US Midwest corn and soya bids mostly higher

Spot basis bids for corn and soyabeans were mostly steady to higher at US Midwest river terminals and processors on Wednesday, supported by good demand and a relatively slow pace of farmer sales, grain merchants said. Some farmers increased sales after Ch
Published 18 Feb, 2017 12:00am
Correction
Cotton

Correction

Please refer to the Cotton Analysis published on 17 February 2017. Due to an oversight, it was wrongly stated that Pakistani exporters may ship between 1.5 to two million bales of cotton during this season (2016/2017). Actually, the shipment projections f
Published 18 Feb, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Friday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,149. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 6.25 billion and the number of lots traded was 15,254. Major business was contributed by cur
Published 18 Feb, 2017 12:00am
Charisma of Forman, the founder of Forman Christian College Lahore

Charisma of Forman, the founder of Forman Christian College Lahore

This is just a rarity if men of God are stuffed with such volition that imbues a prophetic spirit in them such that they dare to altruistically serve humanity; in the alien lands, away from their nativity, aloof of their kith and kin. Still only a handful
Published 18 Feb, 2017 12:00am
KARACHI CHRONICLE: Mohenjo-daro must be protected, preserved

KARACHI CHRONICLE: Mohenjo-daro must be protected, preserved

Last week, a three-day International Conference on the Mohenjo-daro Indus Valley Civilization was held at the archaeological site near Larkana. Many interesting papers were read proposing the use of new technology to save and advance research and excavati
Published 18 Feb, 2017 12:00am
ART FACTS: The captured moments

ART FACTS: The captured moments

The artworks in collages and mixed media on paper tied the thoughts of viewers into their deep images where people ponder over the futility of life in a three-person show titled "Paper, Picture, Perfect" at the Canvas Gallery, Karachi. The show included t
Published 18 Feb, 2017 12:00am
How algorithms (secretly) run the world

How algorithms (secretly) run the world

When you browse online for a new pair of shoes, pick a movie to stream on Netflix or apply for a car loan, an algorithm likely has its word to say on the outcome.
Published 18 Feb, 2017 12:00am
No sad endings for Japan's virtual romance fans

No sad endings for Japan's virtual romance fans

Japanese book editor Miho Takeshita is having an affair. But the recently married 30-year-old is not worried about getting caught -- her boyfriend only exists on a smartphone.
Published 18 Feb, 2017 12:00am
Passion for art and literature

Passion for art and literature

The book lover Karachiites thronged the gardens and halls of Beach Luxury Hotel this year also to attend the annual Karachi Literature Festival (KLF), which has now become a regular gathering of writers, intellectuals, readers and general public who came
Published 18 Feb, 2017 12:00am
Hottest cut of all

Hottest cut of all

In Ramadan Odwan's barbershop in Gaza, hair isn't just blow-dried, it's blowtorch-dried. "People have gone crazy about it, many people are curious to go through the experience and they are not afraid," he said. "People here love adventures." Odwan, 37, is
Published 18 Feb, 2017 12:00am
How children set models for world leaders

How children set models for world leaders

So quietly and altruistically model UN children from Pakistan rise over and above self and become models in peace, harmony and justice for the world statesmanship and those at the helm of world affairs. The Literary and Public Society (LPSS) of the Instit
Published 18 Feb, 2017 12:00am
No mystery to weight loss for 'Sleepless' star Jamie Foxx

No mystery to weight loss for 'Sleepless' star Jamie Foxx

Over a few months he lost the equivalent weight of a microwave oven or a chubby toddler, but don't expect Jamie Foxx to bring out a dieting guide any time soon. It's not that he doesn't have wisdom to impart on getting into shape, it's just that his way o
Published 18 Feb, 2017 12:00am
Adele sweeps Grammy Awards in upset victory over Beyonce

Adele sweeps Grammy Awards in upset victory over Beyonce

Adele swept the Grammy Awards on Sunday, taking home statuettes for the top prizes - album, record and song of the year - in a shock, history-making victory over Beyonce on a night marked by political statements and emotional tributes.
Published 18 Feb, 2017 12:00am
BRIDGE NOTES: It takes a good detective

BRIDGE NOTES: It takes a good detective

Defence in Bridge is tough when there is no clear line to toe. True, the bidding is the only available life line for the defence. But still the defenders need to be on their toes, and ready to take their chances as and when provided. In out illustration f
Published 18 Feb, 2017 12:00am
Fashion showat Brusselschocolate fair

Fashion showat Brusselschocolate fair

From floor-sweeping gowns to eye-catching shorter dresses, models strutted down a Brussels catwalk in an array of unusual designs last Thursday night - all adorned with chocolate.
Published 18 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 18 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 18 Feb, 2017 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 18 Feb, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 18 Feb, 2017 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (February 17, 2017).

Published 18 Feb, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (February 17, 2017).

Published 18 Feb, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (February 17, 2017).
Published 18 Feb, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (February 17, 2017).

Published 18 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (February 17, 2017).

Published 18 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (February 17, 2017).

Published 18 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (February 17, 2017).

Published 18 Feb, 2017 12:00am
Current account deficit surges over 90 percent in seven months

Current account deficit surges over 90 percent in seven months

The country's external account continues to deteriorate as current account deficit sharply increased over 90 percent during the first seven months of the fiscal year 2016-17. Economists said that lower exports and higher imports have largely contributed i
Published 18 Feb, 2017 12:00am
Current account deficit surges over 90 percent in seven months

Current account deficit surges over 90 percent in seven months

The country's external account continues to deteriorate as current account deficit sharply increased over 90 percent during the first seven months of the fiscal year 2016-17. Economists said that lower exports and higher imports have largely contributed i
Published 18 Feb, 2017 12:00am
Current account deficit surges over 90 percent in seven months

Current account deficit surges over 90 percent in seven months

The country''s external account continues to deteriorate as current account deficit sharply increased over 90 percent during the first seven months of the fiscal year 2016-17. Economists said that lower exports and higher imports have largely contributed
Published 18 Feb, 2017 12:00am
Army attacks militant hideouts near Afghan border

Army attacks militant hideouts near Afghan border

The Pakistan Army on Friday night reportedly attacked suspected militant hideouts close to the Pak-Afghan border, a private TV channel reported. The army attacked the alleged training camp of Jamaat-ul-Ahrar located near the Pak-Afghan border and reported
Published 18 Feb, 2017 12:00am
Army attacks militant hideouts near Afghan border

Army attacks militant hideouts near Afghan border

The Pakistan Army on Friday night reportedly attacked suspected militant hideouts close to the Pak-Afghan border, a private TV channel reported. The army attacked the alleged training camp of Jamaat-ul-Ahrar located near the Pak-Afghan border and reported
Published 18 Feb, 2017 12:00am
Army asks Kabul to hand over 76 terrorists

Army asks Kabul to hand over 76 terrorists

Pakistan Army Friday asked the Afghan government to handover 76 "most wanted" terrorists, who are hiding in Afghanistan, by summoning Afghan Embassy officials to General Headquarters in Rawalpindi. According to Major General Asif Ghafoor, the spokesperson
Published 18 Feb, 2017 12:00am
Army asks Kabul to hand over 76 terrorists

Army asks Kabul to hand over 76 terrorists

Pakistan Army Friday asked the Afghan government to handover 76 "most wanted" terrorists, who are hiding in Afghanistan, by summoning Afghan Embassy officials to General Headquarters in Rawalpindi. According to Major General Asif Ghafoor, the spokesperson
Published 18 Feb, 2017 12:00am
Army chief phones US General

Army chief phones US General

Chief of Army Staff Qamar Javed Bajwa has made a telephone call to US General John Nicholson, Resolute Support Mission (RSM) Commander in Afghanistan. The COAS expressed his concerns over continued acts of terrorism in Pakistan with impunity from Afghanis
Published 18 Feb, 2017 12:00am
Five Supreme Court benches, larger bench formed

Five Supreme Court benches, larger bench formed

Chief Justice Mian Saqib Nisar on Friday constituted five benches and a larger bench at the principal seat to hear some important cases during the week starting on Monday (February 20). The first bench will comprise Chief Justice Mian Saqib Nisar, Justice
Published 18 Feb, 2017 12:00am
Five Supreme Court benches, larger bench formed

Five Supreme Court benches, larger bench formed

Chief Justice Mian Saqib Nisar on Friday constituted five benches and a larger bench at the principal seat to hear some important cases during the week starting on Monday (February 20). The first bench will comprise Chief Justice Mian Saqib Nisar, Justice
Published 18 Feb, 2017 12:00am
Prime Minister committed to hunt, eliminate terrorists: Marriyum

Prime Minister committed to hunt, eliminate terrorists: Marriyum

Minister of State for Information Broadcasting and National Heritage Marriyum Aurangzeb Friday elucidated that Prime Minister Nawaz Sharif had expressed his passionate commitment to hunt and eliminate the terrorists, who were unable to reconcile with the
Published 18 Feb, 2017 12:00am
Prime Minister committed to hunt, eliminate terrorists: Marriyum

Prime Minister committed to hunt, eliminate terrorists: Marriyum

Minister of State for Information Broadcasting and National Heritage Marriyum Aurangzeb Friday elucidated that Prime Minister Nawaz Sharif had expressed his passionate commitment to hunt and eliminate the terrorists, who were unable to reconcile with the
Published 18 Feb, 2017 12:00am
Old, used auto parts: import subject to strict controls: FBR

Old, used auto parts: import subject to strict controls: FBR

Federal Board of Revenue (FBR) has claimed that import of old and used auto parts is subject to strict procedures and controls with remote chances of re-assembly of old and used auto parts into vehicles. A meeting of the Senate Standing Committee on Finan
Published 18 Feb, 2017 12:00am
Old, used auto parts: import subject to strict controls: FBR

Old, used auto parts: import subject to strict controls: FBR

Federal Board of Revenue (FBR) has claimed that import of old and used auto parts is subject to strict procedures and controls with remote chances of re-assembly of old and used auto parts into vehicles. A meeting of the Senate Standing Committee on Finan
Published 18 Feb, 2017 12:00am
Old, used auto parts: import subject to strict controls: FBR

Old, used auto parts: import subject to strict controls: FBR

Federal Board of Revenue (FBR) has claimed that import of old and used auto parts is subject to strict procedures and controls with remote chances of re-assembly of old and used auto parts into vehicles. A meeting of the Senate Standing Committee on Finan
Published 18 Feb, 2017 12:00am
Government firms up: $600 million loan from Chinese banks

Government firms up: $600 million loan from Chinese banks

Ministry of Finance (MoF) has reportedly finalised arrangements for $ 600 million commercial loan from two Chinese banks to be utilised for balance of payments and budgetary support, well-informed sources told Business Recorder. Under the Rules of
Published 18 Feb, 2017 12:00am
Government firms up: $600 million loan from Chinese banks

Government firms up: $600 million loan from Chinese banks

Ministry of Finance (MoF) has reportedly finalised arrangements for $ 600 million commercial loan from two Chinese banks to be utilised for balance of payments and budgetary support, well-informed sources told Business Recorder. Under the Rules of
Published 18 Feb, 2017 12:00am
Government firms up: $600 million loan from Chinese banks

Government firms up: $600 million loan from Chinese banks

Ministry of Finance (MoF) has reportedly finalised arrangements for $ 600 million commercial loan from two Chinese banks to be utilised for balance of payments and budgetary support, well-informed sources told Business Recorder. Under the Rules of
Published 18 Feb, 2017 12:00am
Ministry withdraws gas summary

Ministry withdraws gas summary

Ministry of Petroleum and Natural Resources has withdrawn a summary from the ECC on allocation of 150 MMCFD gas from PPL's Kandkot field to Thermal Power Station Guddu (TPSG). Giving the background, the sources said the ECC on May 23, 2016 while consideri
Published 18 Feb, 2017 12:00am
Ministry withdraws gas summary

Ministry withdraws gas summary

Ministry of Petroleum and Natural Resources has withdrawn a summary from the ECC on allocation of 150 MMCFD gas from PPL's Kandkot field to Thermal Power Station Guddu (TPSG). Giving the background, the sources said the ECC on May 23, 2016 while consideri
Published 18 Feb, 2017 12:00am
Ministry withdraws gas summary

Ministry withdraws gas summary

Ministry of Petroleum and Natural Resources has withdrawn a summary from the ECC on allocation of 150 MMCFD gas from PPL''s Kandkot field to Thermal Power Station Guddu (TPSG). Giving the background, the sources said the ECC on May 23, 2016 while consider
Published 18 Feb, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 Feb, 2017 12:00am
Kraft to pursue Unilever after $143 billion bid spurned

Kraft to pursue Unilever after $143 billion bid spurned

Kraft Heinz signalled Friday it will press ahead with a campaign to acquire Dutch-British consumer products giant Unilever after an initial bid worth about $143 billion was spurned. A deal would create a giant in global food, joining the maker of Kraft ch
Published 18 Feb, 2017 12:00am
Kraft to pursue Unilever after $143 billion bid spurned

Kraft to pursue Unilever after $143 billion bid spurned

Kraft Heinz signalled Friday it will press ahead with a campaign to acquire Dutch-British consumer products giant Unilever after an initial bid worth about $143 billion was spurned. A deal would create a giant in global food, joining the maker of Kraft ch
Published 18 Feb, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Feb, 2017 12:00am
Kraft to pursue Unilever after $143 billion bid spurned

Kraft to pursue Unilever after $143 billion bid spurned

Kraft Heinz signalled Friday it will press ahead with a campaign to acquire Dutch-British consumer products giant Unilever after an initial bid worth about $143 billion was spurned. A deal would create a giant in global food, joining the maker of Kraft ch
Published 18 Feb, 2017 12:00am
Samsung chief arrested as South Korean corruption probe deepens

Samsung chief arrested as South Korean corruption probe deepens

Samsung Group chief Jay Y. Lee was arrested on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the technology giant and standard-bearer for Asia's fourth-largest economy. The
Published 18 Feb, 2017 12:00am
Samsung chief arrested as South Korean corruption probe deepens

Samsung chief arrested as South Korean corruption probe deepens

Samsung Group chief Jay Y. Lee was arrested on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the technology giant and standard-bearer for Asia's fourth-largest economy. The
Published 18 Feb, 2017 12:00am
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