News Archives for Latest - 2017-02-21

Cricket

CT only tournament which Pakistan has never won: Afridi

ISLAMABAD: Former Twenty20 Skipper Shahid Afridi sees International Cricket Council's (ICC) Champions Trophy as only major tournament which Pakistan has never won.

Published 21 Feb, 2017 07:17pm

North America

Trump's envoy at UN warns Russia US stands firm on NATO, EU

UNITED NATIONS: US Ambassador Nikki Haley on Tuesday said the United States is ready to improve ties with Russia but will not compromise on its support for NATO and the European Union.

Published 21 Feb, 2017 07:17pm

Financial

Sterling hits 2-month high vs euro on Le Pen poll gain

LONDON: Sterling rose almost 1 percent to its highest in two months against the euro on Tuesday, profiting from broad sales of the single currency after another opinion poll showed far-right French presidential candidate Marine Le Pen gaining ground.

Published 21 Feb, 2017 07:16pm

Financial

South Africa's rand weakens, Shoprite tops stocks index

JOHANNESBURG: South Africa's rand weakened on Tuesday, while stocks were little changed, with Shoprite topping the Blue-chip index after the retailer reported a rise in half-year profit.

Published 21 Feb, 2017 07:16pm

Sports

Tennis: Kerber survives as leading seeds stumble in Dubai

DUBAI: Former world number one Angelique Kerber survived as three of the top five seeds were bundled out of the Dubai Tennis Championships on Tuesday.

Published 21 Feb, 2017 07:15pm

Europe

France's Fillon overtakes centrist Macron in election ratings

PARIS: French centrist politician Emmanuel Macron has lost ground to his closest election rival, conservative Francois Fillon, and might not make a May 7 runoff against far-right leader Marine Le Pen, an opinion poll showed on Tuesday.

Published 21 Feb, 2017 07:14pm

Commodities

EU wheat steady as euro slide, export demand offset Chicago fall

PARIS: Euronext wheat futures inched higher on Tuesday, steadying after a three-day pullback, as a steep fall in the euro and healthy international demand offset a drop in US prices.

Published 21 Feb, 2017 07:13pm

Europe

EU tells Irish to use creativity to avoid Brexit harm

DUBLIN: Ireland needs to use "creativity" to ensure Brexit is as painless as possible, but must not negotiate directly with London, the European Commission's second-in-command said on Tuesday.

Published 21 Feb, 2017 07:12pm

Industry

Daimler says to start car production in Russia

MOSCOW/FRANKFURT: German automaker Daimler will open a plant near Moscow to manufacture Mercedes-Benz cars, it announced on Tuesday, the first new investment by a major Western automaker since sanctions were imposed on Russia three years ago.

Published 21 Feb, 2017 07:12pm

General News

CM takes notice of embezzlements in recruitments in Knowledge Park Co.

LAHORE: Various matters of Lahore Knowledge Park Company (KPC) were reviewed in detail in a meeting chaired by Punjab Chief Minister Muhammad Shehbaz Sharif.

Published 21 Feb, 2017 07:10pm

Industry

Airbus faces multiple challenges as it enters new era

PARIS: Airbus will draw a line under two decades of M&A dealmaking and frenetic orders on Wednesday as it reports its first results since the European aerospace and defence group unified under its dominant planemaking arm last month.

Published 21 Feb, 2017 07:10pm

General News

Forest protection, cover enhancement inevitable for country: Mamnoon

ISLAMABAD: President Mamnoon Hussain Tuesday said that forests were precious asset of Pakistan and it was imperative to ensure their protection and increase the forest cover in the country in accordance with the international benchmarks.

Published 21 Feb, 2017 07:05pm

General News

All decisions on national issues being taken with consensus: Talal

ISLAMABAD: Member National Assembly of Pakistan Muslim League - Nawaz (PML-N) Talal Chaudhry Tuesday said all the decisions were being taken on national issues with the consensus of political parties.

Published 21 Feb, 2017 07:04pm

Business & Economy

Zubair vows to enhance economic, development-oriented activities in Karachi

ISLAMABAD: Governor Sindh Muhammad Zubair on Tuesday vowed to work for enhancing economic and other development-oriented activities in Karachi.

Published 21 Feb, 2017 07:03pm

General News

Promotion of mother languages to strengthen Pakistan: Marvi

ISLAMABAD: Chairperson Benazir Income Support Programme (BISP) Marvi Memon Tuesday said the government was committed to promote mother languages as it strengthen social fabric, harmony and unity within the country.

Published 21 Feb, 2017 07:02pm

General News

IT ministry deliberates on auction of mobile services spectrum

ISLAMABAD: Minister of State for Information Technology Anusha Rehman on Friday chaired a meeting for detailed deliberation on the unsold Next Generation Mobile Services (NGMS) Spectrum.

Published 21 Feb, 2017 07:02pm

General News

PML-N working to flush out corruption, terrorism: Khurram

ISLAMABAD: Minister for Commerce Engineer Khurram Dastgir Tuesday said Pakistan Muslim League - Nawaz (PML-N) government was working to flush out corruption and terrorism from the country.

Published 21 Feb, 2017 07:01pm

Pakistan Top News

IHC summons DAG for assistance in Imran Khan Disqualification matter

ISLAMABAD: Islamabad High Court on Tuesday summoned Deputy Attorney General (DAG) for assistance in a petition challenging disqualification reference pending against Imran Khan (PTI Chief) at Election Commission of Pakistan (ECP).

Published 21 Feb, 2017 07:00pm

Energy

Oil up 2pc as OPEC chief sees higher compliance with cuts

NEW YORK: Oil prices rose about 2 percent to near three-week highs on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher as it expects other producers join its efforts to curb

Published 21 Feb, 2017 05:27pm

Financial

Yields up as risk appetite rises; markets await Fed minutes

NEW YORK: US Treasury debt yields edged higher in rangebound trading on Tuesday ahead of a US two-year note auction, supported by generally improved market appetite for risk as stocks and commodities gained.

Published 21 Feb, 2017 05:26pm

Sports

Pliskova dumped out of Dubai 2nd round

DUBAI: Three of the top five seeds were bundled out of the Dubai Tennis Championships Tuesday with US Open finalist Karolina Pliskova among the victims.

Published 21 Feb, 2017 04:39pm

Financial

Dollar gains on hawkish Fed comments, European political risk

NEW YORK: The US dollar was broadly higher on Tuesday and was on course for its steepest gain against the euro in more than a month following hawkish comments from Federal Reserve officials, while European political uncertainty also boosted the dollar.

Published 21 Feb, 2017 04:39pm

Pakistan Top News

Govt focused on improving investment, tax to GDP ratio: Dar

ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar, Tuesday said the government was focused on further improving the key macroeconomic indicators, including the investment-to-GDP and tax-to-GDP ratios.

Published 21 Feb, 2017 04:37pm

Sports

Rooney returns to United training

LONDON: Manchester United's record goalscorer Wayne Rooney returned to training on Tuesday having missed the last four matches with a muscular injury.

Published 21 Feb, 2017 04:17pm

Commodities

Copper slips as dollar surge prompts profit-taking

LONDON: Copper prices slipped on Tuesday due to a rise in the dollar and as investors locked in gains after a rally to above $6,000 a tonne, driven by the prospect of major supply disruptions in Chile and Indonesia.

Published 21 Feb, 2017 04:10pm

Commodities

Soybeans steady after fall as Argentina rain assessed

PARIS/SINGAPORE: Chicago soybean futures edged higher on Tuesday after a two-session slide, with heavy rain in major exporter Argentina bringing weather risks back into focus.

Published 21 Feb, 2017 04:09pm

Financial

Dubai falls sharply as Arabtec slides, Egypt rebounds

DUBAI: Dubai's stock market fell on Tuesday, breaking technical support as construction firm Arabtec continued to slide, while Egypt rebounded from a drop triggered by foreign investors' selling.

Published 21 Feb, 2017 04:05pm

Energy

Oil rises as OPEC aims for deeper output cuts

LONDON: Oil prices rose more than $1 a barrel on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher.

Published 21 Feb, 2017 03:56pm

Commodities

Iran makes first raw sugar purchases in months to boost stocks

LONDON: Importers in Iran have bought up to 250,000 tonnes of Brazilian raw sugar in the first purchases in months as the country looks to bolster strategic stocks, trade sources said on Tuesday.

Published 21 Feb, 2017 03:55pm

Financial

US stocks add to records after solid retail earnings

NEW YORK: Wall Street stocks rose early Tuesday, adding to records, as solid holiday-quarter earnings from Wal-Mart Stores and Home Depot lifted retailers.

Published 21 Feb, 2017 02:59pm

Europe

Britain's Brexit bill to be 'very hefty': Juncker

BRUSSELS: Britain will have to pay a "very hefty" bill to leave the European Union and negotiating a new relationship with the bloc will take years, European Commission chief Jean-Claude Juncker warned Tuesday.

Published 21 Feb, 2017 02:21pm

Financial

Nigeria plans 310bn naira treasury bills auction on March 1

LAGOS: Nigeria plans to sell 310.

Published 21 Feb, 2017 01:50pm

Money & Banking

Bank of England's Carney speaks to parliament committee

LONDON: Following are highlights from Bank of England Governor Mark Carney's appearance before a British parliamentary committee to discuss the central bank's latest quarterly Inflation Report and outlook for the economy and interest rates.

Published 21 Feb, 2017 01:45pm

Commodities

OPEC sec gen says 'too early' to say if supply deal should be extended

LONDON: While confidence has returned to the oil market due to agreed output curbs, it is too early to say whether the landmark OPEC/non-OPEC supply deal should be extended, the group's secretary general said on Tuesday.

Published 21 Feb, 2017 01:41pm

Industry

VW brand chief sees strenuous year amid struggle over cost-cut plan

BERLIN: Volkswagen brand chief Herbert Diess said 2017 would be a good but strenuous year as the carmaker grapples with putting in place a turnaround plan.

Published 21 Feb, 2017 01:39pm

Energy

Asia Fuel Oil-Ex-wharf premiums squeezed by slow demand, excess supplies

DUBAI: A surplus of supplies and slow seasonal demand for marine fuels continued to weigh on ex-wharf premiums in Asia's fuel oil markets.

Published 21 Feb, 2017 01:38pm

Commodities

Tunisia tenders to buy 109,000 T wheat, 25,000 T barley

HAMBURG: Tunisia's state grains agency has issued international tenders to purchase up to 109,000 tonnes of soft milling wheat and 25,000 tonnes of feed barley, European traders said on Tuesday.

Published 21 Feb, 2017 01:36pm

Financial

Hints of March rate rise drive dollar higher

LONDON: The dollar rose broadly on Tuesday after two Federal Reserve policymakers pointed to a potential US interest rates rise next month, turning attention to the bullish fundamentals of the world's biggest economy.

Published 21 Feb, 2017 01:35pm

World Top News

Regional rivals Iran, Turkey trade barbs over Syria

ISTANBUL: Diplomatic tensions escalated Tuesday between Turkey and Iran as the countries traded accusations over their roles in the Syria conflict and the Middle East.

Published 21 Feb, 2017 01:32pm

World

Wal-Mart's quarterly comparable sales beat estimates

CHICAGO: Wal-Mart Stores Inc on Tuesday reported higher-than-expected US comparable sales, driven by higher customer traffic to stores and accelerating online activity, and the world's largest retailer's shares rose more than 2 percent.

Published 21 Feb, 2017 01:30pm

Money & Banking

EU banking watchdog eases payments rules to boost competition

LONDON: The European Union's banking watchdog has eased its proposed rules for increasing choice in how people pay for products and services after the sector warned of unfair competition.

Published 21 Feb, 2017 01:27pm

Europe

Spanish King's brother-in-law to appeal fraud conviction

MADRID: The Spanish King's brother-in-law Inaki Urdangarin will appeal against a court conviction following a trial for fraud and tax evasion, for which he was sentenced to six years and three months in prison, his lawyer said on Tuesday.

Published 21 Feb, 2017 01:25pm

Financial

Stocks shrug off HSBC, rise on punchy euro zone growth signals

LONDON: Figures showing the fastest pace of growth in euro zone business activity for six years propelled European stocks to a 14-month high on Tuesday, reversing an earlier fall after the continent's biggest bank HSBC reported a surprise slump in pro

Published 21 Feb, 2017 01:19pm

Europe

Europe dodges Trump's defence spending ultimatum

BRUSSELS: US President Donald Trump sent top US officials to Europe with a familiar warning from Washington that allies must spend more on defence, this time with the ultimatum "or else".

Published 21 Feb, 2017 01:18pm

Africa

Nigeria's Buhari needs further rest in UK after medical tests

ABUJA: Nigerian President Muhammadu Buhari needs further rest in Britain following medical tests but there is no need to worry about his health, his spokesman said on Tuesday, as his absence enters the second month while the oil producer is in recession.

Published 21 Feb, 2017 01:17pm

General News

SBP asks public to beware of Scam email

KARACHI: A scam email from a fake address created in the name of Governor State Bank of Pakistan (SBP) is in circulation suggesting that the recipient has received a big amount from a foreign government.

Published 21 Feb, 2017 01:12pm

Sports

Vince McMahon 'fired' the Rock before RAW went on air

It was announced that WWE superstar and Hollywood hunk Dwayne the Rock Johnson would be appearing on this week episode of RAW, held at Staples Centre, Los Angeles.

Published 21 Feb, 2017 12:58pm

Markets

Bullion Prices on Tuesday

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

Published 21 Feb, 2017 12:54pm

Front Top News

Imran Khan claims PML-N leaders abandoning the sinking ship

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan Tuesday said several leaders of Pakistan Muslim League-Nawaz (PML-N) are ready to join his party ranks and are making underhand contacts for the purpose in the wake of Panamagate scandal.

Published 21 Feb, 2017 12:22pm

Financial

HSBC profit plunge weighs on stock markets

PARIS: A massive drop in profits at banking giant HSBC helped push London and Hong Kong stocks into negative territory on Tuesday, while eurozone markets bounced off Asian gains to edge higher.

Published 21 Feb, 2017 12:10pm

Middle East

Trump critic McCain meets Saudi king

RIYADH: Influential American Senator John McCain, a critic of President Donald Trump, held talks with Saudi Arabia's King Salman on Tuesday, official media said.

Published 21 Feb, 2017 12:10pm

Front Top News

Police neutralize suicide bombers, foil major terror bid in Charsadda

CHARSADDA: At least four persons were killed and several were injured as suicide blasts struck a local court in Tangi Tehsil of Charsadda, according to district police officer (DPO) Sohail Khalid.

Updated 21 Feb, 2017 11:58am

Featured Photos

Spiral Of Illumination by Ming Jun Tan

Photo Credit: Ming Jun Tan%D%AMing Jun Tan is a talented photographer and civil engineer from Bangi, Malaysia who currently lives and works in London, UK.

Published 21 Feb, 2017 11:52am

Featured Photos

Mesmerized by Esteban Watier

Photo Credit: Esteban Watier%Dsteban Watier, an amazing self-taught photographer hails from Paris, France; where he also works.

Published 21 Feb, 2017 11:45am

Featured Photos

Angular Tracks by Johannes Hulsch

Photo Credit: Johannes Hulsch%D%AJohannes Hulsch is a talented 20 years old photographer and student based in Leipzig, Germany.

Published 21 Feb, 2017 11:28am

Cricket

Junaid Khan picked up by Lancashire for T20 blast

Lancashire Lightning has signed up Pakistani fast bowler Junaid Khan for the upcoming Twenty20 Blast this summer.

Published 21 Feb, 2017 11:18am

Featured Photos

Stunning Stark Cityscapes by J.N Silva

%D%APhoto Credit: J.

Published 21 Feb, 2017 11:09am

Movies & Music

It's strictly personal nothing professional; Kajol on her fallout with Karan Johar

The fallout between Kajol and Karan Johar has been in news since a long time now.

Published 21 Feb, 2017 11:01am

Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Tuesday having 49063.

Published 21 Feb, 2017 10:41am

Front Top News

Panamagate case: FBR chief says he sent notices to PM's children

ISLAMABAD: Chairman National Accountability Bureau (NAB) Qamar-uz-Zaman and Chairman Federal Bureau of Revenue (FBR) appeared at the Supreme Court on Tuesday, and recorded their statements.

Updated 21 Feb, 2017 10:30am

Pakistan Top News

Pakistan, Ukraine to produce modern battle tanks

ISLAMABAD: Pakistan with the assistance of Ukraine would produce modern battle tanks, as per Memorandum of Understanding (MoU) reached at UAE on Tuesday.

Published 21 Feb, 2017 10:23am

General News

Pakistan reaffirms support to Azerbaijan on Nagorno-Karabakh conflict

ISLAMABAD: The Government of Pakistan support Azerbaijan's position on Nagorno-Karabakh conflict and sent no observer for so-called referendum in that area.

Published 21 Feb, 2017 10:17am

General News

President urges Muslim scholars to foster Islam's positive image

ISLAMABAD: President Mamnoon Hussain on Tuesday said extremist mindset and terrorism had left painful imprints on humanity and called upon the Muslim scholars to foster positive impression about Islam as a religion of peace.

Published 21 Feb, 2017 10:16am

Business & Finance

Celebrating HBL PSL: Qatar Airways opens new flyways from Doha to Pakistan

%DOHA: Qatar Airways is bringing sporting excitement to the UAE with all the action of the HBL Pakistan Super League, which is taking place in Dubai and Sharjah until 3 March 2017.

Published 21 Feb, 2017 10:05am

Featured Photos

Dolomite Mountains by Mikolaj Gospodarek

Photo Credit: Mikolaj Gospodarek%D%AMikolaj Gospodarek is an exceptional Polish photographer and filmmaker currently living & working in Munchen, Germany.

Published 21 Feb, 2017 09:44am

Industry

Get real with the money you spend

Online shopping in Pakistan has just become much easier and less expensive.

Published 21 Feb, 2017 09:38am

Technology

India mining for 'next-gen' fuel on the Moon

A scientist from the Indian Space Research Organization (ISRO) has stated that soon India may be getting all its energy needs fulfilled by the moon and possibly other countries as well with Helium-3, which is found in rich amounts on the lunar surface.%D%

Published 21 Feb, 2017 09:37am

Featured Photos

Greener Pastures by Florian Wenzel

Photo Credit: Florian Wenzel%Dlorian Wenzel is a talented photographer, filmmaker and traveler based in Ulm, Germany.

Published 21 Feb, 2017 09:19am

Technology

China provides high-end communication satellite to Pakistan

Chinas academy of Space Technology will soon be providing Pakistan a communication satellite under a bilateral exchange agreement to help aid in building a large and effective telecommunication network.%D%A%D%A

Published 21 Feb, 2017 09:12am

Featured Photos

Hannes' Treehouse

Photo Credit: Hannes Flo%D%AHannes Flo is a 23-year-old from Austria and is an avid music enthusiast.

Published 21 Feb, 2017 08:47am

Cricket

Fans slam IPL for dropping World's number one Imran Tahir

Proteas leg spinner Imran Tahir, who was recently crowned as T20 and ODI cricket number one bowler, hasnt been deemed fit enough for the upcoming Indian Premiere League (IPL).

Published 21 Feb, 2017 08:37am

Life & Style

Watch; Shane Watson croons 'Kitna Rola Dalega' for Islamabad United

After Momina Mustehsan's debacle, PTCL, the official partner of Islamabad United has launched another song titled 'Kitna Rola Dalega'.

Published 21 Feb, 2017 08:28am

Financial

Tokyo shares close up on automaker, bank rally

TOKYO: Tokyo stocks rose Tuesday, with automakers and banks leading the way while a dip in the yen supported exporters.

Published 21 Feb, 2017 08:22am

Business & Economy

Belarus eager to export dairy products to Pakistan

ISLAMABAD: Belarusian Province Brest Oblast wants to export its dairy products to Pakistan in 2017 to promote mutual trade between the two countries.

Published 21 Feb, 2017 08:19am

Business & Economy

Mobile phones market expanding further in Pakistan

ISLAMABAD: Mobile phones market has been expanding ever further in Pakistan giving the economy a much needed boost.

Published 21 Feb, 2017 08:04am

Pakistan Top News

PM to visit Turkey for 5th Session of Pak-Turk HLSCC meeting

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif will be visiting Turkey from Wednesday to Friday to attend 5th Session of the Pakistan-Turkey High Level Strategic Cooperation Council's (HLSCC) meeting.

Published 21 Feb, 2017 08:04am

Featured Photos

Brandywine Falls by Jason Darr

Photo Credit: Jason Darr%D%AJason Darr, a talented photographer based in Vancouver, British Columbia, Canada.

Published 21 Feb, 2017 08:04am

Cricket

PSL II: Re-drafting of players to be held on 22nd Feb

ISLAMABAD: Franchise owner of Peshawar Zalmi (PSL) Javed Afirdi has said that the re-drafting of the players will be held on 22nd Feb.

Published 21 Feb, 2017 07:53am

Industries & Sectors

Pakistan invites Chinese entrepreneurs to invest in textile, garments sector

BEIJING: Pakistan Ambassador to China, Masood Khalid Tuesday invited the Chinese companies to take advantage of investment-friendly policies of present government and come forward to invest in textile and garments sectors in Pakistan.

Published 21 Feb, 2017 07:51am

Industries & Sectors

34 km Shikarpur-Jacobabad gas pipeline to complete in August

ISLAMABAD: A 24-inch diameter gas pipeline from Shikarpur to Jacobbabad in Sindh province, covering a distance of 34 kilometers, would complete in August this year, official sources in the Ministry of Petroleum and Natural Resources said Tuesday.

Published 21 Feb, 2017 07:45am

Front Top News

Blasts at session court in Charsadda

PESHAWAR: Three blasts were reported near a session court in Charsadda, leaving several people injured, early on Tuesday.

Published 21 Feb, 2017 07:21am

Pakistan Top News

RECORDER REPORT-PSX mid day update

KARACHI: On Tuesday, until mid day, KSE-100 Index was at 48930.

Published 21 Feb, 2017 07:16am

World

Brazil graft scandal to mushroom abroad, prosecutor says

BRASLIA: A vast corruption scheme that started in Brazil but morphed into a giant international scandal is about to spread even further, a top prosecutor warned Monday.

Published 21 Feb, 2017 07:07am

Industry

Alibaba unit invests $200mn in South Korea's Kakao Pay

SEOUL: Alibaba's payment affiliate Ant Financial will invest $200 million in a unit of South Korean messaging giant Kakao, the companies said Tuesday, the Chinese firm's latest step to expand its global reach.

Published 21 Feb, 2017 07:05am

North America

At least 11 US Jewish centers get bomb threats

WASHINGTON: Nearly a dozen Jewish community centers across the United States received bomb threats that led to evacuations Monday, in the latest wave of such attacks since Donald Trump became president a month ago.

Published 21 Feb, 2017 06:58am

SBP tells banks to accept all types of dollars

RECORDER REPORT%D%A%D%AKARACHI: The State Bank of Pakistan (SBP) Monday advised banks and exchange companies to accept all types of dollars.

Published 21 Feb, 2017 06:54am

Money & Banking

HSBC says net profit dived 82pc to $2.48bn last year

HONG KONG: HSBC said Tuesday that net profit fell 82 percent in 2016, calling it a period remembered for its "largely unexpected economic and political events", while it warned of further uncertainty this year.

Published 21 Feb, 2017 06:48am

Cricket

Grant Elliot BAT DROP causes social media frenzy

Lahore Qalandars grabbed a major win last night against the Islamabad United, as Brendon McCullums side reached the target thanks to a massive six hit by fellow New Zealander Grant Elliot in the final over at Sharjah.

Published 21 Feb, 2017 06:43am

Industry

World's biggest miner BHP posts soaring second half profit

SYDNEY: BHP Billiton reported Tuesday a dramatic rebound in half-yearly profits on the back of soaring iron ore prices and improved productivity.

Published 21 Feb, 2017 06:36am

Life & Style

Angelina Jolie 'finally' talks about her high-profile divorce with Brad Pitt

Angelina Jolie's high-profile divorce with actor Brad Pitt became talk of the town ever since they parted their ways.

Published 21 Feb, 2017 06:26am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (February 20, 2017).