News Archives for Latest - 2017-03-14

Miscellaneous

Privatization of DISCOs:

It has been one of the most significant yet contentious issues in the problem-riddled power sector of Pakistan-privatisation of DISCOs.

Updated 09 Nov, 2017 02:00pm

Pakistan Top News

6th population census set to begin today

ISLAMABAD: The first phase of the 6th National Population Census will begin in sixty-three districts across the country from today (Wednesday).

Published 14 Mar, 2017 11:25pm

Money & Banking

Nigeria central bank sells $150mn in forwards

LAGOS: Nigeria's central bank said on Tuesday that it had sold $150 million in currency forwards on the interbank market through commercial lenders.

Published 14 Mar, 2017 11:23pm

World Top News

Tillerson to press China on North Korea in tough first Asia trip

WASHINGTON: US Secretary of State Rex Tillerson faces a tough first trip to Asia this week when the former oil executive will seek to reassure nervous allies facing North Korea's growing nuclear and missile threat and press China to do more on perhaps the

Published 14 Mar, 2017 11:22pm

Pakistan Top News

Govt committed to achieving Sustainable Development Goals: Marriyum

ISLAMABAD: Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb speaking at the International Conference on the Role of Women Parliamentarians in Strengthening Democracy and Social Justice here Tuesday asserted that the

Published 14 Mar, 2017 11:12pm

Financial

TSX hits 2017 low as energy, Valeant weigh

TORONTO: Canada's main stock index tumbled on Tuesday to its lowest this year as declining oil prices weighed on the energy sector, while Valeant Pharmaceuticals International Inc plunged on the exit of an activist investor.

Published 14 Mar, 2017 11:07pm

Pakistan Top News

Destiny of Asia lies in hands of Asian People: Raza Rabbani

ISLAMABAD: Chairman Senate Mian Raza Rabbani Tuesday said Asia should look within itself and must decide its own destiny as the white racism and Western Imperialism are not going to solve its problems.

Published 14 Mar, 2017 11:06pm

Financial

C$ weakens as oil prices slide to 3-month low

TORONTO: The Canadian dollar weakened on Tuesday against its US counterpart as prices of oil, one of Canada's major exports, fell and the greenback climbed broadly ahead of a widely expected interest rate hike by the US Federal Reserve.

Published 14 Mar, 2017 11:03pm

General News

Census to be conducted as per int'l principles: Asif Bajwa

ISLAMABAD: Chief Commissioner of Census Asif Bajwa on Tuesday said that census would be conducted across the country as per international principles.

Published 14 Mar, 2017 11:01pm

Energy

Australia shares expected to open lower; NZ slips

SYDNEY: Australian shares are set to open lower on Wednesday, tracking Wall Street, as a slump in oil prices is likely to weigh on resources stocks.

Published 14 Mar, 2017 10:51pm

Europe

Spanish police show off massive haul of seized weapons

MADRID: Spanish police on Tuesday released images of over 10,000 seized weapons, including anti-aircraft guns, they said were destined to be sold to organised crime groups and terrorist organisations.

Published 14 Mar, 2017 10:50pm

World

Brazil prosecutor seeks 83 graft probes against politicians

BRASLIA: Brazil's prosecutor general, Rodrigo Janot, on Tuesday requested permission to open 83 corruption probes against politicians in an escalation of a vast graft scandal already shaking Latin America's biggest country.

Published 14 Mar, 2017 10:39pm

Industry

Brazil's Embraer to set up Silicon Valley, Boston research teams

SAO PAULO: Brazil's Embraer SA , the world's third-largest commercial planemaker, announced on Tuesday it was establishing teams in Silicon Valley and Boston to collaborate on research with startup companies, investors, academics and others.

Published 14 Mar, 2017 10:35pm

North America

Trump's new travel ban faces day in court

WASHINGTON: President Donald Trump insists his amended travel ban will survive any legal challenge and it's time to see if he's right, with the first court hearings on it scheduled for Wednesday.

Published 14 Mar, 2017 10:27pm

Financial

US stocks fall ahead of Fed decision

NEW YORK: Wall Street stocks retreated Tuesday ahead of an expected Federal Reserve interest rate increase Wednesday and the likelihood of additional rate hikes later in the year.

Published 14 Mar, 2017 10:23pm

General News

33 suspects including 3 Afghans rounded up, arms recovered in joint operations

RAWALPINDI: In sequel to Operation Radd-ul-Fasaad the Punjab Rangers, police and intelligence agencies jointly on Tuesday conducted search operations and apprehended 33 suspects including 3 Afghans from the parts of Punjab, on Tuesday.

Published 14 Mar, 2017 10:23pm

Pakistan Top News

Govt puts Pakistan on path of prosperity, development: PM

KARACHI: Prime Minister Muhammad Nawaz Sharif on Tuesday said the government had put the country on the path of prosperity and development by adopting business-friendly policies and hard work.

Published 14 Mar, 2017 10:16pm

General News

Hazara Motorway to change destiny of people: Muqam

PESHAWAR: Advisor to Prime Minister Ameer Muqam Tuesday said that completion of Hazara Motorway in 2018 would usher in new era of progress and improve socio-economic condition of local people.

Published 14 Mar, 2017 10:10pm

North America

Winter Storm Stella hits US Northeast, NY dodges worst

NEW YORK: Winter Storm Stella lashed the northeastern United States with sleet and snow Tuesday, cancelling thousands of flights, closing schools and shutting stores, but New York and Washington escaped the worst of the weather.

Published 14 Mar, 2017 10:06pm

Football

Football: Schmeichel thwarts Sevilla as Leicester rekindle fairytale

LEICESTER: Kasper Schmeichel pulled off a dramatic late penalty save as Leicester City sank Sevilla 2-0 on Tuesday to reach the Champions League quarter-finals for the first time.

Published 14 Mar, 2017 10:04pm

Financial

Pound mauled on Brexit uncertainty, oil falls again

NEW YORK: Sterling slumped to an eight-week low Tuesday on Brexit concerns, while most global equity markets pulled back ahead of a much-anticipated Federal Reserve policy decision.

Published 14 Mar, 2017 10:03pm

General News

Irfan Siddiqui calls on PM

ISLAMABAD: Advisor to PM on National History and Literary Heritage, Irfan Siddiqui called on Prime Minister, Muhammad Nawaz Sharif here on Tuesday.

Published 14 Mar, 2017 10:01pm

Europe

Erdogan angers Dutch with Srebrenica jibe

ANKARA: Turkish President Recep Tayyip Erdogan prompted a fresh outcry in The Netherlands on Tuesday with a jibe about the Srebrenica massacre, warning of retaliation in a spiralling diplomatic crisis.

Published 14 Mar, 2017 09:47pm

General News

PM Nawaz Sharif visionary, popular leader in country: Dr Tariq

ISLAMABAD: State Minister for Capital Administration and Development Division (CADD), Dr Tariq Fazal Chaudhry on Tuesday said that Prime Minister Nawaz Sharif was a visionary and popular leader in the country.

Published 14 Mar, 2017 09:45pm

General News

PM gives special consideration to power sector: Sheikh Aftab

ISLAMABAD: Minister for Parliamentary Affairs, Sheikh Aftab, Thursday said Prime Minister Muhammad Nawaz Sharif had given special consideration to power sector and now even a block of four houses could apply for installation of electricity distribution in

Published 14 Mar, 2017 09:44pm

Pakistan Top News

PTI failed to bring any change in KP: Daniyal Aziz

ISLAMABAD: Member National Assembly of Pakistan Muslim League Nawaz (PML-N) Daniyal Aziz on Tuesday said Pakistan Tehreek-i-Insaf (PTI) had failed to bring any change in Khyber Pakhtunkhwa where it was in power.

Published 14 Mar, 2017 09:43pm

General News

Justice Ahmed Ali M Sheikh to take oath as CJ Sindh high court

KARACHI: Mr.

Published 14 Mar, 2017 09:09pm

General News

NA body suggests debate in first session after President's speech

ISLAMABAD: National Assembly Standing committee on Rules of procedure and privileges Tuesday decided that debate will be held in the very first session right after speech of the President.

Published 14 Mar, 2017 08:47pm

General News

National Census to start in AJK today

ISLAMABAD: The 6th National Census will start in AJK today (Wednesday).

Published 14 Mar, 2017 08:46pm

General News

No public hospital being privatized: Shahbaz

MULTAN: Punjab Chief Minister Muhammad Shehbaz Sharif said Tuesday that no public sector hospital was being privatized.

Published 14 Mar, 2017 08:44pm

Business & Economy

Pak GDP to grow significantly once CPEC is operational

KARACHI: The GDP of Pakistan is expected to grow substantially once the China-Pakistan Economic Corridor (CPEC) becomes operational.

Published 14 Mar, 2017 08:44pm

Front Top News

Pakistan's oil demand jumps 13pc due to economic growth: Report

ISLAMABAD: Pakistan's oil consumption from July 2016 to February 2017 jumped 13% year on year, owing to lower petroleum product prices and higher economic activity, driven by GDP growth, foreign investment and greater political stability, according to an

Published 14 Mar, 2017 08:43pm

General News

Punjab PA urges govt to take action against uploaders of blasphemous content on social media

LAHORE: The Provincial Assembly of Punjab on Tuesday unanimously adopted a resolution on Tuesday urging the government to take action against the elements uploading sacrilegious material on social media.

Published 14 Mar, 2017 08:42pm

Pakistan Top News

Sartaj Aziz calls for deeper cooperation between Pakistan, Afghanistan in various sectors

ISLAMABAD: Adviser to Prime Minister on Foreign Affairs Sartaj Aziz has emphasized the need for deeper cooperation between Pakistan and Afghanistan in the areas of security, counter-terrorism, border management, trade, transit and voluntary repatriation o

Published 14 Mar, 2017 08:31pm

General News

Senate committee to discuss Nandipur Power Project

ISLAMABAD: A sub-committee of the Senate Standing Committee on Water and Power will hold a meeting on Wednesday to discuss Nandipur Power Project.

Published 14 Mar, 2017 08:27pm

Financial

LatAm currencies weaken slightly ahead of expected US rate hike

SAO PAULO: Most Latin American currencies weakened slightly on Tuesday as traders avoided big bets ahead of a widely expected US interest rate increase on Wednesday.

Published 14 Mar, 2017 07:42pm

Financial

Germany's Bund yield falls from 14-month peak, safe-haven back in demand

LONDON: Germany's 10-year bond yield fell from 14-month highs on Tuesday, as investors flocked back to safe-haven debt on the eve of Dutch elections and as French presidential candidate Francois Fillon was put under a formal fraud investigation.

Published 14 Mar, 2017 07:05pm

Europe

France's scandal-hit Fillon put under formal fraud investigation

PARIS: French presidential candidate Francois Fillon was put under formal investigation by magistrates on Tuesday on suspicion of embezzling state funds - a move that may ruin the right-winger's hopes of winning power in May.

Published 14 Mar, 2017 07:02pm

Energy

Oil drops amid rising stocks, dragging on energy shares

NEW YORK: Oil prices tumbled on Tuesday, weighing down energy shares in the wake of a report of rising crude stocks, while the US dollar strengthened ahead of an expected Federal Reserve decision to raise interest rates.

Published 14 Mar, 2017 07:01pm

Europe

South Sudan, African Union stalling on human rights court: UN

GENEVA: The African Union and South Sudan are failing in their joint responsibility to set up a court to prosecute atrocities in the central African country and are not cooperating with a United Nations inquiry, a UN investigator said on Tuesday.

Published 14 Mar, 2017 06:48pm

World Top News

IMF urges G20 cooperation to preserve trade, reduce imbalances

WASHINGTON: The International Monetary Fund on Tuesday called on the Group of 20 major economies to work together to preserve the benefits of trade and avoid protectionism, while also urging them to reduce external imbalances and halt policies that distor

Published 14 Mar, 2017 06:29pm

Financial

Sterling hits eight-week low as May gets Brexit go-ahead

LONDON: Sterling fell to an eight-week low against the dollar and the basket of currencies measuring its broader strength on Tuesday, hit by fears of prolonged political jousting over the terms of Britain's exit from the European Union.

Published 14 Mar, 2017 06:00pm

Managed Funds

US 1-month bill sold at highest rate since Sept 2008

NEW YORK: The US Treasury Department on Tuesday sold $55 billion of one-month bills at an interest rate of 0.

Published 14 Mar, 2017 05:59pm

Commodities

US Cash Soymeal-Offers mixed as lower futures entices buyers

CHICAGO: Soymeal spot basis offers were steady to narrowly mixed at US rail and export markets on Tuesday as recent declines in futures enticed buyers of the animal feed, underpinning prices in some markets, dealers said.

Published 14 Mar, 2017 05:58pm

Money & Banking

ECB's Nouy says bad loans 'major challenge' for Greek banks

ATHENS: Bad loans pose a major challenge to Greek banks but the sector has improved "substantially," European Central Bank supervision chief Daniel Nouy told the Athens News Agency on Tuesday.

Published 14 Mar, 2017 05:23pm

Pakistan

Dar urges cooperation of all for transparent census

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar on Tuesday said conducting a transparent census was a national effort which could only be successful with the cooperation and support of all concerned.

Published 14 Mar, 2017 04:55pm

Pakistan

Pakistan vigorously pursuing SDGs in line with Govt's vision 2025: Marriyum

ISLAMABAD: Minister of State for Information and Broadcasting Marriyum Aurangzeb has said that Pakistan is vigorously pursuing Sustainable Development Goals (SDGs) in line with Vision 2025 of the government.

Published 14 Mar, 2017 04:52pm

Financial

US stocks fall, oil shares hit

NEW YORK: Wall Street stocks dropped early Tuesday ahead of a Federal Reserve monetary policy decision as oil prices fell again, hitting petroleum-linked shares.

Published 14 Mar, 2017 04:00pm

Money & Banking

US Fed begins meet with rate hike on the cards

WASHINGTON: The US Federal Reserve began a two-day meeting on Tuesday, having signalled it is likely to raise the benchmark interest rate as the world's largest economy gains steam.

Published 14 Mar, 2017 04:00pm

General News

6th census to start in Sargodha from April 25

SARGODHA: The second phase of 6th census process will start in Sargodha division from April 25 and continue till May 25, for which 6,986 blocks, 1,037 circles, 139 charges have been set up across the division.

Published 14 Mar, 2017 03:55pm

Pakistan

PM for enhanced cooperation between Pak, Kyrgyz parliaments

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Tuesday said that cooperation between the National Assemblies of Pakistan and Kyrgyzstan must grow to transform our special ties into a strategic partnership encompassing all areas of bilateral relations.

Published 14 Mar, 2017 03:12pm

Pakistan Top News

Ongoing Karachi operation neither party nor group specific: PM

KARACHI: Prime Minister Muhammad Nawaz Sharif on Tuesday reiterated that the ongoing operation in Karachi was neither any party nor group specific, as it was against crime and terrorism.

Published 14 Mar, 2017 03:07pm

Markets

Bullion Prices on Tuesday

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

Published 14 Mar, 2017 02:55pm

Cricket

Kamran Akmal beats younger brother Umar in PCBs fitness test

Pakistan cricket squad is busy breaking the sweat at training camp held at Gaddafi Stadium in Lahore with the intention to improve the One Day Internationals (ODI) rankings in the upcoming tour to West Indies; the board is keeping a close watch on the pla

Published 14 Mar, 2017 02:29pm

Money & Banking

BoE's Hogg resigns over failure to flag conflict of interest

LONDON: The Bank of England's new deputy governor Charlotte Hogg has resigned for failing to declare a potential conflict of interest about her brother's role at Barclays Bank which had prompted an unprecedented rebuke from parliament.

Published 14 Mar, 2017 02:08pm

Europe

EU court rules workplace headscarf ban legal

LUXEMBOURG: European companies can ban employees from wearing religious or political symbols including the Islamic headscarf, the EU's top court ruled Tuesday in a landmark case.

Published 14 Mar, 2017 02:06pm

Commodities

Glencore tightens grip on zinc through deal with Canada's Trevali

LONDON: Miner-trader Glencore has increased its control of core commodity zinc through a deal with Canada's Trevali in which it is selling shares in two mines and helping to create the first pure zinc company with wide geographical reach.

Published 14 Mar, 2017 02:06pm

Europe

Germany must set exact climate goals soon after election: Merkel

BERLIN: Germany's next government must set exact targets for cutting CO2 emissions soon after September's national election to provide clarity for local governments and companies to plan, Chancellor Angela Merkel said on Tuesday.

Published 14 Mar, 2017 02:02pm

Commodities

Gold steadies ahead of Fed meeting, expected US rate rise

LONDON: Gold prices steadied on Tuesday, weighed down by expectations for an interest rate rise by the US Federal Reserve that boosted the dollar but supported at the margins by political risks in Europe.

Published 14 Mar, 2017 02:01pm

Europe

UN hears of human rights violations amid Libya fighting

GENEVA: Fighting in Libya's oil coastline region this month has been marked by human rights violations while attacks are likely to worsen in coming days, UN human rights spokeswoman Ravina Shamdasani said on Tuesday.

Published 14 Mar, 2017 01:59pm

Industry

Volkswagen eyes return to bond market in near future

WOLFSBURG: Volkswagen expects it will return to the unsecured bond market in the near future and will not need to extend an expensive 20 billion euro ($21.

Published 14 Mar, 2017 01:58pm

Financial

Dollar rises before expected Fed rate rise, stocks fall

LONDON: The dollar rose before the start on Tuesday of a Federal Reserve policy meeting expected to raise US interest rates, while European shares fell as investors faced a week packed with political and market risks.

Published 14 Mar, 2017 01:57pm

Commodities

Copper slips, anticipating Fed rate decision; China supports

LONDON: Copper slipped on Tuesday as the dollar rose ahead of a decision on US rates by the Federal Reserve, but expectations of stronger demand for the metal from top consumer China helped buttress prices.

Published 14 Mar, 2017 01:56pm

Commodities

CBOT Trends-Wheat down 1-2 cents, corn steady-down 1, soy down 6-7

CHICAGO: Following are US trade expectations for the resumption of the grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.

Published 14 Mar, 2017 01:55pm

Financial

Nasdaq provides blockchain tech to new advertising exchange

NEW YORK: Nasdaq Inc has provided blockchain technology to run a new exchange to trade guaranteed advertising contracts as more mainstream finance projects using the record keeping software move into the real world.

Published 14 Mar, 2017 01:54pm

Financial

Kuwait's $8bn bonds trade near Abu Dhabi after debut issue

DUBAI: Kuwait's $8 billion debut international bond issue traded close to Abu Dhabi bonds in the secondary market on Tuesday, suggesting the Gulf's gold standard for sovereign debt now has competition for investors' attention.

Published 14 Mar, 2017 01:52pm

Energy

Oil hits three-month lows as inventories continue to rise

LONDON: Oil prices fell to three-month lows on Tuesday after OPEC reported that crude inventories in developed countries had risen above the five-year average in January despite production cuts by some of the world's largest exporters.

Published 14 Mar, 2017 01:50pm

Europe

May wins right to launch EU divorce talks, question is when?

LONDON: British Prime Minister Theresa May has won the right to launch divorce proceedings with the European Union and begin two years of talks that will shape the future of Britain and Europe.

Published 14 Mar, 2017 01:48pm

Financial

Wall St opens lower as investors eye Fed meeting

NEW YORK: US stocks opened lower on Tuesday as investors fixed their sights on the outcome of a meeting where the Federal Reserve is widely expected to raise interest rates for the first time this year.

Published 14 Mar, 2017 01:47pm

World

IMF disburses 100 million euros to Kosovo

PRISTINA: The International Monetary Fund said on Tuesday it has disbursed some 100 million euros ($106.

Published 14 Mar, 2017 01:46pm

Front Top News

Raad-ul-Fasaad continuation of previous operations: COAS

ISLAMABAD: Chief of Army Staff (COAS) General Qamar Javed Bajwa on Tuesday highlighted the enormity of the endeavor undertaken by Pakistan against the forces of disorder and terror, over the last many years.

Updated 14 Mar, 2017 01:46pm

Energy

OPEC flags headwinds for oil supply cut even as compliance rises

LONDON: OPEC said on Tuesday oil inventories had continued to rise despite a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting complications in the effort to clear a glut.

Published 14 Mar, 2017 01:44pm

Financial

TSX falls as drop in oil prices weighs on energy

TORONTO: Canada's main stock index fell on Tuesday, pressured by losses for the energy group as prices of oil fell to a three-month low, while Valeant Pharmaceuticals International Inc tumbled after billionaire investor William Ackman sold his entire stak

Published 14 Mar, 2017 01:44pm

Pakistan

Sartaj calls for deeper cooperation between Pakistan, Afghanistan in various sectors

ISLAMABAD: Adviser to Prime Minister on Foreign Affairs Sartaj Aziz has emphasized the need for deeper cooperation between Pakistan and Afghanistan in the areas of security, counter-terrorism, border management, trade, transit and voluntary repatriation o

Published 14 Mar, 2017 01:34pm

Industries & Sectors

Revival of PIA top priority of govt: Nisar

ISLAMABAD: Interior Minister Chaudhary Nisar Ali Khan has said that the revival of PIA is the top priority of the government.

Published 14 Mar, 2017 01:32pm

General News

CNG sector gradually reviving: Paracha

ISLAMABAD: Central Chairman All Pakistan CNG Association (APCNGA) Ghiyas Abdullah Paracha Tuesday said the Compressed Natural Gas sector was on the path of gradual revival.

Published 14 Mar, 2017 01:29pm

Markets

Pakistan's stock market faster than other Asian countries: The Economist

ISLAMABAD: Pakistan's stock market has risen faster than any other in Asia over the past 12 months, by a heady 50 percent, The Economist has said.

Published 14 Mar, 2017 01:25pm

Industry

Toshiba delays earnings again, considers US unit sale

TOKYO: Toshiba on Tuesday won approval again to delay releasing its earnings, averting an embarrassing delisting, while it said it would try to sell a US nuclear division hit by massive losses and allegations of accounting fraud.

Published 14 Mar, 2017 12:59pm

Europe

Countdown to start of Brexit after bill passes parliament

LONDON: Prime Minister Theresa May is set to begin the countdown to Brexit after parliament gave her the green light -- and Scotland wrong-footed her by launching a fresh bid for independence.

Published 14 Mar, 2017 12:55pm

Europe

Erdogan says referendum yes vote 'best answer to Turkey's enemies'

ANKARA: Turkish President Recep Tayyip Erdogan on Tuesday said a 'yes' vote in the referendum next month on expanding his powers was the "best answer to Turkey's enemies", in a spiralling spat with the Netherlands and the European Union.

Published 14 Mar, 2017 12:54pm

Cricket

Green grass of New Zealand delights South Africa

WELLINGTON: After four days of rain the covers were peeled off the Basin Reserve wicket on Tuesday and to South Africa's delight it was green ahead of the second Test against New Zealand.

Published 14 Mar, 2017 12:53pm

General News

Priority of govt to follow merit policy in recruitment: Abid Sher Ali

ISLAMABAD: State Minister for Water and Power, Chaudhry Abid Sher Ali Tuesday said that it was priority of the government to follow the policy of merit for recruitment in ministry of Water and Power.

Published 14 Mar, 2017 12:52pm

Pakistan

CPEC to enhance contacts of CARs with many countries of world: President

ISLAMABAD: President Mamnoon Hussain Tuesday said that China Pakistan Economic Corridor (CPEC) project would enhance contacts of Central Asian States with many countries of the world while through this project shortest sea route would be available from Gw

Published 14 Mar, 2017 12:51pm

Pakistan

Pakistan to be among 25 big economies by 2025: Ahsan

LAHORE: Federal Minister for Planning, Development and Reforms Ahsan Iqbal said on Tuesday that Pakistan would be among 25 major economies of the world by 2025.

Published 14 Mar, 2017 12:50pm

Technology

Pharma giants Allergan, Editas join hands over gene-editing-based eye cure

%Dllergan plc said on Tuesday it would get exclusive access and the option to license up to five of Editas Medicine Inc's experimental gene-editing-based eye treatments under a research and development deal between the two companies.

Published 14 Mar, 2017 12:18pm

Business & Economy

LNG import likely to touch 1200 mmcfd figure by July

ISLAMABAD: Import of Liquefied Natural Gas (LNG) is likely to double by July 2017 from its current volume of 600 million cubic feet per day (mmcfd), official sources said.

Published 14 Mar, 2017 12:17pm

Sports

Different strokes: Underwater hockey makes splash in Hong Kong

%D%AHONG KONG: The gravity defying sport of underwater hockey has gained a worldwide following -- now a Hong Kong team is diving in as the game takes off in Asia.

Published 14 Mar, 2017 11:41am

Life & Style

Homeschooling gains steam as US debates school choice

%D%AWASHINGTON: As her eldest son conjugates French verbs with a tutor, Emily Bradley coaches her three-year-old in speech, while her daughter tackles math drills in the kitchen using colored rods that represent numbers.

Published 14 Mar, 2017 11:29am

Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed lower on Tuesday having 48539.

Published 14 Mar, 2017 11:06am

Life & Style

Americans label Pakistani pan masala as drug

Pakistan is once again the center of attention in the USA after the countrys world-renowned pan masala Tulsi was labeled as a drug in the United Sates.

Published 14 Mar, 2017 10:32am

Pakistan Top News

PM Nawaz Sharif arrives in Karachi on 2-day visit

KARACHI: Prime Minister Muhammad Nawaz Sharif arrived here on Tuesday on a two-day visit.

Published 14 Mar, 2017 10:01am

North America

Trump gives CIA new authority on US drone strikes

NEW YORK: The CIA has reportedly been given the power by President Donald Trump to launch drone strikes against suspected terrorists.

Published 14 Mar, 2017 09:58am

Cricket

Salman Butt likely to get international recall for WI series

Former Pakistan Test captain Salman Butt is being considered for the upcoming tour of West Indies after the Pakistan Cricket Board (PCB) gave clearance to the national selection committee.

Published 14 Mar, 2017 09:53am

Business & Finance

Canada-Pakistan ICT Forum 2017: Feel the Market - Unleash the Potential

%D%A%Danada was in the top ten exports destinations of Pakistan's IT companies during 2015-16.

Published 14 Mar, 2017 09:32am

Pakistan

11 private members bills referred to NA bodies for further deliberation

ISLAMABAD: Deputy Speaker National Assembly Murtaza Javed Abbasi referred 11 private members bills already passed by the Senate to the concerned standing committee for further deliberation after not being opposed by the treasury benches.

Published 14 Mar, 2017 09:17am

Life & Style

All's well between Veena and Asad Khattak

LAHORE: Pakistani actress Veena Malik and her husband Asad Khattak are going through tough phase of their lives as Veena has filed Khula.

Updated 14 Mar, 2017 09:16am

Pakistan Top News

PM directs Interior Minister to block blasphemous content on social media

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Tuesday directed Interior Minister Chaudhry Nisar Ali Khan to block blasphemous content at social media and ensure that responsible be punished at the earliest.

Published 14 Mar, 2017 09:15am

Financial

Hong Kong stocks end flat

HONG KONG: Hong Kong stocks ended flat on Tuesday following two days of gains with investors awaiting the conclusion of the Federal Reserve's next policy meeting for fresh clues about its monetary policy plans.

Published 14 Mar, 2017 09:01am

Asia

South Korea prosecutors to summon ex-president Park for questioning

SEOUL: South Korean prosecutors will summon former president Park Geun-Hye, whose impeachment was confirmed by the country's highest court last week, for questioning as a criminal suspect, a spokesman said Tuesday.

Published 14 Mar, 2017 09:00am

Pakistan Top News

Pakistan will not transfer weapons of mass destruction to states or non-state actors

ISLAMABAD: In a keynote address at a regional seminar in here Tuesday on the implementation of UN Security Council resolution 1540, Adviser to the Prime Minister on Foreign Affairs, Sartaj Aziz reaffirmed Pakistans commitment not to transfer weapons of ma

Published 14 Mar, 2017 08:42am

General News

25,000 TDPS families to go back in South Waziristan today

ISLAMABAD: About twenty-five thousand families of Temporarily Displaced Persons (TDPS) of South Waziristan Agency would go back to their native areas in South Waziristan.

Published 14 Mar, 2017 08:39am

Cricket

PCB suspends Irfan over PSL fixing row

The Pakistan Cricket Board (PCB) has suspended fast bowler Muhammad Irfan in Pakistan Super League (PSL) second edition spot fixing row, on Tuesday.

Published 14 Mar, 2017 08:36am

Front Top News

China hopes India, Pak inclusion in SCO will ensure security of region

ISLAMABAD: China on Monday hoped the admission of India and Pakistan into the Beijing-led Shanghai Cooperation Organisation (SCO) security grouping will contribute to security and stability in the region, Indian newspaper, The Hindu reported on Tuesday.

Published 14 Mar, 2017 08:35am

General News

NA clears bill for enhancing FBISE jurisdiction

ISLAMABAD: The National Assembly Tuesday approved a private member bill [The Federal Board of Intermediate and Secondary Education (Amendment) Bill, 2017 aimed at allowing the FBISE to expand its jurisdiction all over the country.

Published 14 Mar, 2017 08:22am

Business & Economy

GB can earn billions through almond exports

GILGIT: The main strength of the economy of Gilgit Baltistan (GB) depends largely on dry fruits and agriculture and is famous for its almond, apricot, cherry and other dry fruits production in the world, But, the most popular fruit of Gilgit Baltistan is

Published 14 Mar, 2017 08:22am

Front Top News

Census faces credibility issue

Wasim Iqbal & Zaheer Abbasi%D%A%D%AISLAMABAD: Population census exercise scheduled to begin tomorrow (Wednesday) is facing a serious credibility issue prompting the federal government and the armed forces to promise verified and credible data.

Published 14 Mar, 2017 08:19am

Pakistan Top News

PM announces US one million dollars humanitarian assistance for Yemen

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Tuesday while expressing desire for early return of peace for Yemen announced an immediate provision of US one million dollars in humanitarian assistance for the distressed people of Yemen.

Published 14 Mar, 2017 08:13am

North America

Family of Trump son-in-law in $4bn deal with Chinese company

WASHINGTON: A company owned by the family of President Donald Trump's son-in-law, Jared Kushner, is set to receive more than $400 million from a Chinese firm that is investing in its Manhattan office tower, Bloomberg reported Monday.

Published 14 Mar, 2017 08:05am

Europe

May to address MPs after Brexit bill approved

LONDON: British Prime Minister Theresa May will make a major statement to parliament on Tuesday, just hours after MPs enabled her to start the withdrawal process from the European Union.

Published 14 Mar, 2017 08:04am

Cricket

Dont compare me with Virat Kohli, says Babar Azam

Pakistan latest batting prodigy, Babar Azam has said that he should not be compared with Indian batting maestro Virat Kohli.

Published 14 Mar, 2017 07:57am

Asia

Taiwan ex-leader Ma faces new charges over leaks scandal

TAIPEI: Taiwan's former president Ma Ying-jeou was slapped with new charges on Tuesday in a political leaks controversy, just weeks before he faces possible conviction in another related case.

Published 14 Mar, 2017 07:57am

Football

Kerber holds off Parmentier to advance at Indian Wells

INDIAN WELLS: Angelique Kerber might yet celebrate her return to number one with an Indian Wells title after battling past Pauline Parmentier 7-5, 3-6, 7-5 to reach the fourth round on Monday.

Published 14 Mar, 2017 07:55am

Middle East

Trump envoy, Netanyahu discuss peace and settlements

JERUSALEM: US President Donald Trump's special envoy Jason Greenblatt and Israeli Prime Minister Benjamin Netanyahu discussed ways to reach peace with the Palestinians as well as settlement construction, a statement said Tuesday.

Published 14 Mar, 2017 07:54am

North America

New plan leaves 14mn fewer insured in 2018: US budget office

WASHINGTON: Fourteen million fewer Americans will have health insurance next year under the Republican plan to replace Obamacare, a nonpartisan congressional analysis projected Monday, heaping pressure on President Donald Trump to make good on his pledge

Published 14 Mar, 2017 07:52am

Front Top News

PM leaves for Karachi today

Prime Minister Nawaz Sharif will arrive in Karachi on Tuesday to chair a high level meeting on security and development projects in Karachi.

Published 14 Mar, 2017 07:51am

Financial

Tokyo stocks down, Fed meeting in focus

TOKYO: Tokyo stocks slipped from a 15-month high on Tuesday with investors taking their cash off the table ahead of a key US central bank meeting.

Published 14 Mar, 2017 07:45am

Industry

Toshiba delays earnings again over US unit fraud probe

TOKYO: Toshiba on Tuesday won approval to delay the release of its earnings for a second time, saying it needed more time to probe accounting fraud allegations at its loss-hit US nuclear unit.

Published 14 Mar, 2017 07:45am

Pakistan Top News

RECORDER REPORT-PSX mid day update

KARACHI: On Tuesday, until mid day, KSE-100 Index was at 48315.

Published 14 Mar, 2017 07:36am

Banking

Move beyond remittances?

Once a saving grace, remittances have been under pressure since quite a while now; the foreign inflows from expats abroad have trotted down by 2.

Published 14 Mar, 2017 05:06am

Miscellaneous

Building a culture of savings

Government's recent step of introducing registered premium prize bonds is a move towards enhancing documented saving culture.

Published 14 Mar, 2017 05:04am

Miscellaneous

Youth development found wanting

It is Pakistans unique demographics and the youth bulge that give the country an edge over various others, or so we are told.

Published 14 Mar, 2017 05:03am

Hong Kong benchmark rises sharply

Hong Kong stocks started the week on an upbeat note, with an index tracking mainland companies posting its biggest gain in nearly four months after top Chinese officials signalled confidence in China's economic health. The Hang Seng index registered its b