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Archive - 2017-03-20
Playing your cars right
Automobile

Playing your cars right

Our first impressions of the auto policy when it first came out was: lets see if some global bigwig will bite; and nearly a year later, many actually did.
Updated 11 Nov, 2017 11:41am
IMF delays Ukraine loan in response to trade block
World

IMF delays Ukraine loan in response to trade block

WASHINGTON: The International Monetary Fund will not approve a new $1 billion loan payment for Ukraine on Monday as scheduled, due to "recent developments" in the country, the IMF confirmed.
Published 20 Mar, 2017 03:37pm
UK names new spy chief amid dispute with Washington
Europe

UK names new spy chief amid dispute with Washington

LONDON: Britain on Monday named a new head for its communications spying agency GCHQ, which has been embroiled in a rare public row with Washington over allegations that it was used to snoop on Donald Trump.
Published 20 Mar, 2017 03:27pm
FBI director confirms probe of possible Russia links to Trump team
Front Top News

FBI director confirms probe of possible Russia links to Trump team

WASHINGTON: FBI Director James Comey confirmed for the first time Monday that the agency is investigating Russian interference in last year's presidential election and notably Moscow's possible collusion with President Donald Trump's campaign.
Published 20 Mar, 2017 03:14pm
Nisar for collective efforts to root out terrorism
Pakistan Top News

Nisar for collective efforts to root out terrorism

ISLAMABAD: Interior Minister Chaudhry Nisar Ali Khan on Monday called for collective efforts above party line and effective legislation to cleanse the society of terrorism.
Published 20 Mar, 2017 02:50pm
Zubair chairs first meeting of committee formed by PM
General News

Zubair chairs first meeting of committee formed by PM

KARACHI: Sindh Governor Mohammad Zubair on Monday chaired the first meeting of the committee formed by Prime Minister Muhammad Nawaz Sharif to review overall economic situation in the country and recommend steps for its improvement.
Published 20 Mar, 2017 02:35pm
Polish Navy Chief visits Air HQ
Pakistan Top News

Polish Navy Chief visits Air HQ

ISLAMABAD: Inspector of Polish Navy, Rear Admiral Miroslaw MORDEL Monday visited Air Headquarters and held meeting with Chief of Air Staff Air Chief Marshal Sohail Aman.
Published 20 Mar, 2017 02:32pm
SIUT offers first free cancer scanning facility
Technology

SIUT offers first free cancer scanning facility

KARACHI: Formal opening of the country's first free of cost PET/CT Cyclotron facility which is used for detection and treatment of cancer patients will be formally inaugurated at the SIUT's Mehrunissa Medical Center of Korangi on March 22.
Published 20 Mar, 2017 02:27pm
Afghan gang held involved in murder, dacoities
General News

Afghan gang held involved in murder, dacoities

ISLAMABAD: Criminal Investigation Agency (CIA) of Islamabad Police has arrested ring leader of a dangerous Afghan gang involved in killing persons during dacoities and recovered 30 bore pistol from him, a police spokesman said.
Published 20 Mar, 2017 02:26pm
IHC grants protective bail to Sharjeel Memon
Pakistan Top News

IHC grants protective bail to Sharjeel Memon

ISLAMABAD: The Islamabad High Court (IHC)on Monday granted protective bail to Pakistan Peoples Party (PPP) leader Sharjeel Memon in a corruption case.
Published 20 Mar, 2017 02:20pm
PSL spot-fixing row: FIA puts alleged cricketers on ECL
Cricket

PSL spot-fixing row: FIA puts alleged cricketers on ECL

ISLAMABAD: The Federal Investigation Agency (FIA) put the names of suspended cricketers, who are under investigation for the Pakistan Super Leagues (PSL) spot-fixing scandal, on the Exit Control List (ECL) on Monday.
Published 20 Mar, 2017 11:57am
Mahira Khan and Ranbir Kapoor on the fritz?
Movies & Music

Mahira Khan and Ranbir Kapoor on the fritz?

An event was recently hosted in Dubai that got its attendees more than just excited, as the ceremony star-studded with names like Pakistani Actress Mahira Khan and Bollywood heartthrob Ranbir Kapoor, there surfaced a leaked video depicting the two in inte
Published 20 Mar, 2017 11:52am
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Monday having 48697.
Published 20 Mar, 2017 10:59am
Israeli Incursion by Seamus Murphy
Featured Photos

Israeli Incursion by Seamus Murphy

Photo Credit: Seamus Murphy%D%ASeamus Murphy's work as a photojournalist has taken him on frequent assignments to Afghanistan, but also across the world, from Iran, the Palestinian territories and Iraq, to Kenya, India, the US and more.
Published 20 Mar, 2017 10:58am
N. Korea threatens to reduce US 'to ashes'
Asia

N. Korea threatens to reduce US 'to ashes'

SEOUL: North Korean Leader Kim Jong-Un has threatened to reduce US 'to ashes' with nuclear weapons if American fires 'even a single bullet' at North Korea.
Published 20 Mar, 2017 09:51am
The African Opposition by Benjamin Curtis
Featured Photos

The African Opposition by Benjamin Curtis

Photo Credit: Benjamin Curtis%Denjamin Curtis is the East Africa Chief Photographer, Photo Editor and acting Bureau Chief of the Associated Press (AP) news agency in Nairobi, Kenya.
Published 20 Mar, 2017 09:51am
Gaza by Bernat Armangue
Featured Photos

Gaza by Bernat Armangue

Photo Credit: Bernat Armangue%Dernat Armangue was born in Barcelona in 1978.
Published 20 Mar, 2017 09:41am
Training Is Rigorous by Greg Baker
Featured Photos

Training Is Rigorous by Greg Baker

Photo Credit: Greg Baker%D%AGreg Baker, a brilliant photo-journalist was born and lives in Rockford, Illinois.
Published 20 Mar, 2017 08:19am
Gymnastics Regime by Greg Baker
Featured Photos

Gymnastics Regime by Greg Baker

Photo Credit: Greg Baker%D%AGreg Baker, a brilliant photo-journalist was born and lives in Rockford, Illinois.
Published 20 Mar, 2017 08:10am
IHC acquits Hamid Saeed in Hajj corruption case
Front Top News

IHC acquits Hamid Saeed in Hajj corruption case

ISLAMABAD: Islamabad High Court (IHC) on Monday acquitted former Federal Minister for Religious Affairs Hamid Saeed Kazmi, ex-DG Hajj Rao Shakeel and Joint secretary for Religious Affairs Aftab Aslam in the Hajj corruption case.
Published 20 Mar, 2017 07:35am
Exercitium by Craig Golding
Featured Photos

Exercitium by Craig Golding

Photo Credit: Craig Golding%Draig commenced work at the Sydney Morning Herald in 1985.
Published 20 Mar, 2017 07:23am
International wrestlers coming to Pakistan this summer
Sports

International wrestlers coming to Pakistan this summer

KARACHI: The distant dream of wrestling fans has finally come true as Pro Wrestling Entertainment (PWE) is bringing international renowned wrestlers across the world to Pakistan for a pro wrestling competition this year.
Published 20 Mar, 2017 07:10am
Fans celebrate Roger Federer fairy tale
Football

Fans celebrate Roger Federer fairy tale

Roger Federer is just five months short of celebrating his 36th birthday, the old man of tennis however is arguably enjoying one of the best forms of his career after he beat fellow Swiss Stan Warwarinka for his fifth Indian Wells title.
Published 20 Mar, 2017 06:37am
LSM 6MFY17: Sluggish growth
Industry

LSM 6MFY17: Sluggish growth

The State Bank of Pakistan (SBP) posted the Large Scale Manufacturing (LSM) Index numbers for 6MFY17 which saw a growth of 3.
Published 20 Mar, 2017 05:57am
Debt piling reserves
Banking

Debt piling reserves

In continuation to 'external scorecard in red' published on August 30, 2016, latest snapshot is presented here.
Published 20 Mar, 2017 05:57am
Shale rise dampens oil outlook
Oil and Gas

Shale rise dampens oil outlook

Following the Opec deal which was later joined by non-Opec members, few had expected the international oil market to eliminate the long persistent global supply glut overnight.
Published 20 Mar, 2017 05:57am
FBI director to testify on Russia ties, alleged wiretap
Front Top News

FBI director to testify on Russia ties, alleged wiretap

WASHINGTON: The directors of the FBI and NSA are to give keenly awaited testimony before Congress Monday on what ties President Donald Trump may have with Russia and his explosive allegation that he was wiretapped by his predecessor Barack Obama.
Published 20 Mar, 2017 04:09am
Asia markets mostly down after rally, dollar weakens
Financial

Asia markets mostly down after rally, dollar weakens

HONG KONG: Most Asian markets slipped Monday following last week's broad advances, with the dollar suffering fresh selling pressure after the Federal Reserve hinted at a slower-than-expected pace interest rate hikes this year.
Published 20 Mar, 2017 04:05am
N.Korea rocket test shows 'meaningful progress': South
World Top News

N.Korea rocket test shows 'meaningful progress': South

SEOUL: North Korea's latest rocket engine test showed "meaningful progress" in its missile capabilities, Seoul said Monday, as the nuclear-armed state steps up its controversial weapons development programmes.
Published 20 Mar, 2017 04:05am
President signs 'Hindu Marriage Bill' into law

President signs 'Hindu Marriage Bill' into law

President Mamnoon Hussain on Sunday signed "The Hindu Marriage Bill 2017" into law, providing for the regulation of Hindu marriages in the country. The President signed the bill on advice of Prime Minister Muhammad Nawaz Sharif that had earlier been passe
Published 20 Mar, 2017 12:00am
Equities stay in red zone

Equities stay in red zone

Investors at Pakistan Stock Exchange (PSX) remained sidelined ahead of panama case decision during the last week ended on March 17. As the market was under pressure, the benchmark KSE-100 index shed 782 points (Week on Week basis) to close at 48,409 point
Published 20 Mar, 2017 12:00am
Equities stay in red zone

Equities stay in red zone

Investors at Pakistan Stock Exchange (PSX) remained sidelined ahead of panama case decision during the last week ended on March 17. As the market was under pressure, the benchmark KSE-100 index shed 782 points (Week on Week basis) to close at 48,409 point
Published 20 Mar, 2017 12:00am
Equities stay in red zone

Equities stay in red zone

Investors at Pakistan Stock Exchange (PSX) remained sidelined ahead of panama case decision during the last week ended on March 17. As the market was under pressure, the benchmark KSE-100 index shed 782 points (Week on Week basis) to close at 48,409 point
Published 20 Mar, 2017 12:00am
Futures spread up by 96 basis points

Futures spread up by 96 basis points

The futures spread increased by 96 basis points to 7.00 percent during the last week ended on March 17. Trading activities on the futures counter witnessed upward trend and average daily volumes surged by 10.7 percent to 41.39 million shares. The average
Published 20 Mar, 2017 12:00am
Futures spread up by 96 basis points

Futures spread up by 96 basis points

The futures spread increased by 96 basis points to 7.00 percent during the last week ended on March 17. Trading activities on the futures counter witnessed upward trend and average daily volumes surged by 10.7 percent to 41.39 million shares. The average
Published 20 Mar, 2017 12:00am
Futures spread up by 96 basis points

Futures spread up by 96 basis points

The futures spread increased by 96 basis points to 7.00 percent during the last week ended on March 17. Trading activities on the futures counter witnessed upward trend and average daily volumes surged by 10.7 percent to 41.39 million shares. The average
Published 20 Mar, 2017 12:00am
Futures spread up by 96 basis points

Futures spread up by 96 basis points

The futures spread increased by 96 basis points to 7.00 percent during the last week ended on March 17. Trading activities on the futures counter witnessed upward trend and average daily volumes surged by 10.7 percent to 41.39 million shares. The average
Published 20 Mar, 2017 12:00am
Plan to smuggle 1200 smartphones thwarted

Plan to smuggle 1200 smartphones thwarted

Under the ongoing drive against smugglers, the Directorate General of Intelligence and Investigation (Customs), the Federal Board of Revenue (FBR), has foiled a major attempt at Karachi to smuggle 1200 smartphones (value Rs 48 million) under the garb of i
Published 20 Mar, 2017 12:00am
Plan to smuggle 1200 smartphones thwarted

Plan to smuggle 1200 smartphones thwarted

Under the ongoing drive against smugglers, the Directorate General of Intelligence and Investigation (Customs), the Federal Board of Revenue (FBR), has foiled a major attempt at Karachi to smuggle 1200 smartphones (value Rs 48 million) under the garb of i
Published 20 Mar, 2017 12:00am
Plan to smuggle 1200 smartphones thwarted

Plan to smuggle 1200 smartphones thwarted

Under the ongoing drive against smugglers, the Directorate General of Intelligence and Investigation (Customs), the Federal Board of Revenue (FBR), has foiled a major attempt at Karachi to smuggle 1200 smartphones (value Rs 48 million) under the garb of i
Published 20 Mar, 2017 12:00am
Making a budget: 90 percent of proposals consigned to bin!

Making a budget: 90 percent of proposals consigned to bin!

Finance Ministry prepares the revenue estimates for a forthcoming federal budget far earlier than proposals of the business community or the Ministries are submitted for consideration and 90 per cent of these tax readjustment proposals are thrown in the b
Published 20 Mar, 2017 12:00am
Making a budget: 90 percent of proposals consigned to bin!

Making a budget: 90 percent of proposals consigned to bin!

Finance Ministry prepares the revenue estimates for a forthcoming federal budget far earlier than proposals of the business community or the Ministries are submitted for consideration and 90 per cent of these tax readjustment proposals are thrown in the b
Published 20 Mar, 2017 12:00am
Making a budget: 90 percent of proposals consigned to bin!

Making a budget: 90 percent of proposals consigned to bin!

Finance Ministry prepares the revenue estimates for a forthcoming federal budget far earlier than proposals of the business community or the Ministries are submitted for consideration and 90 per cent of these tax readjustment proposals are thrown in the b
Published 20 Mar, 2017 12:00am
Water talks begin today

Water talks begin today

A two-day meeting between Pakistan and India will begin here today (Monday) to discus water issues under the Indus Waters Treaty (IWT). A 10-member Indian delegation led by Indus Water Commissioner P.K. Saxena arrived in the country via Wagah border on Su
Published 20 Mar, 2017 12:00am
Water talks begin today

Water talks begin today

A two-day meeting between Pakistan and India will begin here today (Monday) to discus water issues under the Indus Waters Treaty (IWT). A 10-member Indian delegation led by Indus Water Commissioner P.K. Saxena arrived in the country via Wagah border on Su
Published 20 Mar, 2017 12:00am
Water talks begin today

Water talks begin today

A two-day meeting between Pakistan and India will begin here today (Monday) to discus water issues under the Indus Waters Treaty (IWT). A 10-member Indian delegation led by Indus Water Commissioner P.K. Saxena arrived in the country via Wagah border on Su
Published 20 Mar, 2017 12:00am
Water talks begin today

Water talks begin today

A two-day meeting between Pakistan and India will begin here today (Monday) to discus water issues under the Indus Waters Treaty (IWT). A 10-member Indian delegation led by Indus Water Commissioner P.K. Saxena arrived in the country via Wagah border on Su
Published 20 Mar, 2017 12:00am
Two children injured in LoC firing

Two children injured in LoC firing

Two children were injured due to unprovoked Indian forces firing from across the Line of Control (LoC) at Nikyal sector on Saturday night. Foreign Office Spokesperson Nafees Zakaria said in a tweet that Indian troops engaged in a cease-fire violation targ
Published 20 Mar, 2017 12:00am
Two children injured in LoC firing

Two children injured in LoC firing

Two children were injured due to unprovoked Indian forces firing from across the Line of Control (LoC) at Nikyal sector on Saturday night. Foreign Office Spokesperson Nafees Zakaria said in a tweet that Indian troops engaged in a cease-fire violation targ
Published 20 Mar, 2017 12:00am
Sushma speaks to clerics

Sushma speaks to clerics

Indian External Affairs Minister Sushma Swaraj on Sunday stated that she spoke to Syed Nazim Ali Nizami in Karachi and was told that they were safe and would return to Delhi on Monday. Two Indian Sufi clerics of Delhi's Hazrat Nizamuddin Dargah went missi
Published 20 Mar, 2017 12:00am
Sushma speaks to clerics

Sushma speaks to clerics

Indian External Affairs Minister Sushma Swaraj on Sunday stated that she spoke to Syed Nazim Ali Nizami in Karachi and was told that they were safe and would return to Delhi on Monday. Two Indian Sufi clerics of Delhi's Hazrat Nizamuddin Dargah went missi
Published 20 Mar, 2017 12:00am
Sharjeel Memon's two-year 'exile' ends

Sharjeel Memon's two-year 'exile' ends

Former information minister of Sindh Sharjeel Memon, who was detained late Saturday night at Islamabad airport and later released, questioned the alleged discriminatory actions, asking "why Prime Minister Nawaz Sharif's name was not added to Exit Control
Published 20 Mar, 2017 12:00am
Sharjeel Memon's two-year 'exile' ends

Sharjeel Memon's two-year 'exile' ends

Former information minister of Sindh Sharjeel Memon, who was detained late Saturday night at Islamabad airport and later released, questioned the alleged discriminatory actions, asking "why Prime Minister Nawaz Sharif's name was not added to Exit Control
Published 20 Mar, 2017 12:00am
Key bills to be presented in NA today

Key bills to be presented in NA today

The Constitution (Twenty-eighth Amendment) Bill, 2017 and the Pakistan Army (Amendment) Bill, 2017 to revive the military courts for a two-year period and the Pakistan Commission of Inquiry Bill, 2016 to enhance the scope of inquiry commission would be pr
Published 20 Mar, 2017 12:00am
Key bills to be presented in NA today

Key bills to be presented in NA today

The Constitution (Twenty-eighth Amendment) Bill, 2017 and the Pakistan Army (Amendment) Bill, 2017 to revive the military courts for a two-year period and the Pakistan Commission of Inquiry Bill, 2016 to enhance the scope of inquiry commission would be pr
Published 20 Mar, 2017 12:00am
Over 100 Chinese firms evince interest in 'Twin Tower' project

Over 100 Chinese firms evince interest in 'Twin Tower' project

More than 100 Chinese companies have obtained prequalification documents for expressing interest in construction of the tallest building of provincial metropolis in Joint Venture (JV), under public-private partnership mode, during an Investment Road Show
Published 20 Mar, 2017 12:00am
PPP-MQM-London are allies: Sattar

PPP-MQM-London are allies: Sattar

Muttahida Qaumi Movement-Pakistan (MQM-P) Chief Farooq Sattar has said on Sunday that Pakistan Peoples Party (PPP) and MQM-London (MQM-L) are allies. MQM-P chief bashed PPP saying that the party itself and Sindh government are still standing with the poli
Published 20 Mar, 2017 12:00am
Graves terms Imran's remarks 'insulting'

Graves terms Imran's remarks 'insulting'

Chairman of England and Wales Cricket Board has said on Sunday that former Pakistani skipper Imran Khan's statement about foreign players is insulting.
Published 20 Mar, 2017 12:00am
Professor Ghiyas honoured

Professor Ghiyas honoured

In recognition of services of Principal Post Graduate Medical Institute and Lahore General Hospital Professor Ghiyas- un Nabi Tayyab; Governor Punjab Malik Muhammad Rafique Rajwana awarded him a commendatory shield during a function held on the eve of 24t
Published 20 Mar, 2017 12:00am
Bullet-riddled body found

Bullet-riddled body found

Body of proxy Khasadar was found near Hawaldari check post, tehsil Jamrud who had been killed by unknown assassins on Sunday. The political administration said that the substitute deceased Khasadar identified as Kamal Khan, resident of Jamrud was abducted
Published 20 Mar, 2017 12:00am
FBR wants to meet annual target by hook or by crook: Dr Salman

FBR wants to meet annual target by hook or by crook: Dr Salman

Former Finance Minister Dr Salman Shah has said that the only focus of Federal Board of Revenue (FBR) is to generate maximum revenue by hook or by crook to meet the annual target of Rs 3.621 trillion for 2016-17. Speaking as a guest on 'Paisa Bolta Hai' w
Published 20 Mar, 2017 12:00am
PPP to win 2018 general elections, claims Wasan

PPP to win 2018 general elections, claims Wasan

Provincial Minister Sindh for Industries and Production, Manzoor Hussain Wasan has said that judgement of Panama case is to be expected by March 31. Talking to media persons here on Sunday, Manzoor Wasan told that Pakistan People's Party (PPP) will contes
Published 20 Mar, 2017 12:00am
Imran urged to expel KP speaker from PTI

Imran urged to expel KP speaker from PTI

Pakistan Tehreek-e-Insaf (PTI) dissident MPA and erstwhile provincial minister for Minerals Development, Ziaullah Afridi has demanded of PTI Chairman Imran Khan to expel KP Assembly Speaker from party unless he is exonerated by court from the allegations
Published 20 Mar, 2017 12:00am
40 CCTV cameras at Sehwan shrine upgraded

40 CCTV cameras at Sehwan shrine upgraded

Around 40 old CCTV cameras installed at the shrine of Lal Shahbaz Qalandar have been upgraded for high-definition resolution. The step has been taken under the new security plan ordered by the authorities after an explosion at the shrine on February 16 cl
Published 20 Mar, 2017 12:00am
Punjab to have 36 liver transplant centres: Shahbaz

Punjab to have 36 liver transplant centres: Shahbaz

Chief Minister Punjab Muhammad Shehbaz Sharif on Sunday inaugurated Hepatitis Treatment Filter Clinic at the site of Pakistan Kidney & Liver Transplant Institute & Research Center and also laid the foundation stone of the main building of Pakistan Kidney
Published 20 Mar, 2017 12:00am
JI chief terms overseas Pakistanis 'best ambassadors'

JI chief terms overseas Pakistanis 'best ambassadors'

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said that the overseas Pakistanis were the best ambassadors of the country abroad and had earned good name for the motherland through their conduct and excellent performance.
Published 20 Mar, 2017 12:00am
Two officials of Karachi passport office nabbed

Two officials of Karachi passport office nabbed

Two officials of passport and immigration department involved in corruption by extending visa of foreigners were arrested Sunday on the orders of the Interior Minister.
Published 20 Mar, 2017 12:00am
Abducted PTI leader recovered

Abducted PTI leader recovered

Pakistan Tehreek-e-Insaf (PTI) abducted leader Nadeem Memon has been recovered from Karachi, confirmed Senior Superintendent of Police (SSP) Malir Rao Anwar on Sunday.
Published 20 Mar, 2017 12:00am
Peddler held with one kilogram heroin

Peddler held with one kilogram heroin

The police arrested a drug peddler and recovered one kilogram heroin from his possession here on Sunday. The police conducted operation against the drug peddlers in Qila Baksha area of Hafizabad district. During operation the police arrested a drug peddle
Published 20 Mar, 2017 12:00am
Ghauri refutes corruption charges

Ghauri refutes corruption charges

Former minister for ports and shipping Babar Khan Ghauri on Sunday dismissed the allegations made by Muttahida Qaumi Movement Pakistan (MQM-P) leader Amir Khan. Ghauri refuted Khan's allegation of the former owning 31 petrol stations. "I would like the MQ
Published 20 Mar, 2017 12:00am
Thousands rally in Barcelona

Thousands rally in Barcelona

Several thousand people, many waving Spanish and Catalan flags, rallied in Barcelona on Sunday to oppose a push by the regional government of Catalonia to break away from the rest of Spain.
Published 20 Mar, 2017 12:00am
White House security boosted after arrest

White House security boosted after arrest

The US Secret Service has bolstered security at the White House after a man was arrested making threats at one its checkpoints, a third such security scare in just over a week. CNN reported that the man made a threat claiming he had a bomb in his car, and
Published 20 Mar, 2017 12:00am
Four dead in Nigeria suicide bombing

Four dead in Nigeria suicide bombing

Four people were killed on Saturday evening when suicide bombers blew themselves up in a village on the outskirts of Maiduguri city in north-eastern Nigeria, police said. Borno state police spokesman Victor Isuku said the incident occurred when three bomb
Published 20 Mar, 2017 12:00am
Brussels 'gas' explosion kills one, injures seven

Brussels 'gas' explosion kills one, injures seven

A man was killed and seven injured - including three seriously - in an explosion Saturday at a home in Brussels, most likely due to a gas leak, an official said. "This afternoon, the residents of two houses were hit by an explosion, followed by a fire," t
Published 20 Mar, 2017 12:00am
More rain looms as Peru struggles with disastrous floods

More rain looms as Peru struggles with disastrous floods

As Peruvians struggled on Sunday to cope with avalanches, mudslides and extensive flash flooding caused by torrential rainfall as forecasters predicted still more rain ahead, prolonging the country's woes.
Published 20 Mar, 2017 12:00am
Saudi-led coalition calls for UN supervision of Yemen port

Saudi-led coalition calls for UN supervision of Yemen port

A Saudi-led coalition fighting in Yemen called on Sunday for the United Nations to place a strategic port under its supervision after a helicopter attack on a boatload of Somali refugees left 42 dead. The refugees had departed from the western port city o
Published 20 Mar, 2017 12:00am
Bridge name makes troubled waters for Myanmar's Suu Kyi

Bridge name makes troubled waters for Myanmar's Suu Kyi

Thousands of people protested in eastern Myanmar on Sunday against plans to name a bridge after Aung San Suu Kyi's father, the latest flashpoint between her administration and the country's restless ethnic minorities. The issue highlights some of the deep
Published 20 Mar, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 79.57-79.57 (previous 79.56-79.57).
Published 20 Mar, 2017 12:00am
ING exits Slovenia bond dealer role, Nordea joins Netherlands

ING exits Slovenia bond dealer role, Nordea joins Netherlands

ING said on Thursday it was no longer a primary dealer for Slovenian government bonds, while the Dutch finance ministry said Nordea had become a dealer in its debt after several banks quit making markets in its treasury bills last year.
Published 20 Mar, 2017 12:00am
ING exits Slovenia bond dealer role, Nordea joins Netherlands

ING exits Slovenia bond dealer role, Nordea joins Netherlands

ING said on Thursday it was no longer a primary dealer for Slovenian government bonds, while the Dutch finance ministry said Nordea had become a dealer in its debt after several banks quit making markets in its treasury bills last year.
Published 20 Mar, 2017 12:00am
China calls for 'reasonable' local government bond issuance

China calls for 'reasonable' local government bond issuance

China's finance ministry on Tuesday issued rules for local-government bonds this year, telling regional governments to set "reasonable" bond issuance plans for 2017 and to control the pace of debt sales. Local governments must be mindful of bond market co
Published 20 Mar, 2017 12:00am
China calls for 'reasonable' local government bond issuance

China calls for 'reasonable' local government bond issuance

China's finance ministry on Tuesday issued rules for local-government bonds this year, telling regional governments to set "reasonable" bond issuance plans for 2017 and to control the pace of debt sales. Local governments must be mindful of bond market co
Published 20 Mar, 2017 12:00am
Currency investors tread gingerly on SNB 'soft floor'
Currency

Currency investors tread gingerly on SNB 'soft floor'

With the Swiss National Bank's foreign currency reserves at record highs, investors are growing anxious about its ability to keep the Swiss franc from appreciating further against the euro, amid heightened political risk in Europe.
Published 20 Mar, 2017 12:00am
Insurance shares buoy Saudi index, weak currency aids Egypt
Currency

Insurance shares buoy Saudi index, weak currency aids Egypt

Stock markets in the Middle East diverged on Sunday with the insurance sector boosting Saudi Arabia and a depreciating currency lifting export and real estate shares in Egypt, while blue chips weighed on the United Arab Emirates and Qatar.
Published 20 Mar, 2017 12:00am
Canadian dollar to descend
Currency

Canadian dollar to descend

The Canadian dollar will fall over the coming months on expectations that the US Federal Reserve will continue raising interest rates, possibly as soon as this month, while the Bank of Canada stays on hold until 2018, a Reuters poll predicted.
Published 20 Mar, 2017 12:00am
Sri Lanka raise $1 billion through domestic bond auction

Sri Lanka raise $1 billion through domestic bond auction

Sri Lanka on Wednesday raised nearly a billion dollars through a domestic bond auction after the IMF asked the government to build its foreign reserves amid increased capital outflows. The Central Bank of Sri Lanka said the offer of $830 million was over
Published 20 Mar, 2017 12:00am
Sri Lanka raise $1 billion through domestic bond auction

Sri Lanka raise $1 billion through domestic bond auction

Sri Lanka on Wednesday raised nearly a billion dollars through a domestic bond auction after the IMF asked the government to build its foreign reserves amid increased capital outflows. The Central Bank of Sri Lanka said the offer of $830 million was over
Published 20 Mar, 2017 12:00am
Volvo Cars wooing investors ahead of possible IPO

Volvo Cars wooing investors ahead of possible IPO

Swedish carmaker Volvo Cars, owned by Chinese group Geely, is seeking to raise $1 billion through the sale of preferred shares ahead of a potential initial public offering, the Wall Street Journal reported on Thursday. The daily, quoting sources close to
Published 20 Mar, 2017 12:00am
G20 trade wording considered a setback for export champion Germany

G20 trade wording considered a setback for export champion Germany

The failure of the world's financial leaders to agree on resisting protectionism and support free trade marks a setback in the G20 process and poses a risk for growth of export-driven economies such as host Germany, economists said on Sunday.
Published 20 Mar, 2017 12:00am
G20 review of banking rules no rollback of regulation: Weidmann

G20 review of banking rules no rollback of regulation: Weidmann

Finance leaders of the world's top economies have agreed to review banking rules, but this does not automatically mean hard-fought financial market regulation will be rolled back, Bundesbank President Jens Weidmann told Reuters on Sunday.
Published 20 Mar, 2017 12:00am
Beijing shuts last coal power plant in switch to natural gas

Beijing shuts last coal power plant in switch to natural gas

The last large coal-fired power plant in Beijing has suspended operations, with the city's electricity now generated by natural gas, the state news agency reported as smog enveloped the Chinese capital this weekend.
Published 20 Mar, 2017 12:00am
China to curb 'excessive' credit for property sector

China to curb 'excessive' credit for property sector

China will control rapid flows of bank credit to the property sector to help contain risks, the head of the country's top economic planning agency said on Sunday. This comes at a time when Beijing has pledged to contain debt and property market risks in 2
Published 20 Mar, 2017 12:00am
IMF delays more aid to Ukraine

IMF delays more aid to Ukraine

The International Monetary Fund has postponed a decision to disburse more aid to Ukraine in order to assess the impact of an economic blockade Kiev imposed on separatist-held territory, the IMF and Ukrainian authorities said on Sunday. The IMF's Executive
Published 20 Mar, 2017 12:00am
IBM and Wanda form China cloud computing partnership

IBM and Wanda form China cloud computing partnership

IBM and a unit of China's Dalian Wanda Group, a property and entertainment conglomerate, agreed on Sunday to team up to provide cloud services to Chinese companies, the US technology provider said.
Published 20 Mar, 2017 12:00am
Iran's South Pars field has begun oil production

Iran's South Pars field has begun oil production

Oil wells at Iran's South Pars gas field started production for the first time on Sunday, Iranian oil ministry news agency SHANA reported. South Pars is a part of the world's largest gas field which Iran shares with Qatar. South Pars also has more than 14
Published 20 Mar, 2017 12:00am
Deutsche Bank to issue 687.5 million new shares

Deutsche Bank to issue 687.5 million new shares

Deutsche Bank on Sunday announced it would issue 687.5 million new shares to raise 8 billion euros ($8.59 billion) to fund a strategy overhaul in what amounts to its fourth capital increase since 2010. Germany's biggest lender had previously said it would
Published 20 Mar, 2017 12:00am
Hundreds protest Lebanese parliament's proposed tax hikes

Hundreds protest Lebanese parliament's proposed tax hikes

Protesters in central Beirut hurled empty water bottles at Lebanese Prime Minister Saad al-Hariri on Sunday when he tried to calm hundreds of people rallying against proposed tax hikes. Carrying placards and banners, around 2,000 people flooded Riad al-So
Published 20 Mar, 2017 12:00am
Labour drought in Europe's east as workers go west

Labour drought in Europe's east as workers go west

A decade ago, business was booming for Hungarian construction firm owner Geza Borgulya. He was making an annual profit of some five million euros ($5.4 million) and had around 60 staff including surveyors and bricklayers.
Published 20 Mar, 2017 12:00am
Egypt received two cargoes of diesel fuel from Saudi Aramco

Egypt received two cargoes of diesel fuel from Saudi Aramco

Egyptian Petroleum Minister Tarek El Molla said on Sunday his country had received two cargoes of diesel fuel from Saudi Arabian state-owned oil company Aramco on Friday and Saturday. Molla was speaking at an energy conference in Cairo.
Published 20 Mar, 2017 12:00am
Egypt targets around five percent growth rate in FY 2017-18
Currency

Egypt targets around five percent growth rate in FY 2017-18

Egyptian Planning Minister Hala al-Saeed said on Sunday that the government is targeting a growth rate of around 5 percent for the 2017-18 fiscal year, state news agency MENA reported. Speaking at a news conference, Saeed said Egypt is also looking to boo
Published 20 Mar, 2017 12:00am
Misbah wants life bans for fixers

Misbah wants life bans for fixers

Pakistan's Test captain Misbah-ul-Haq on Sunday called for life bans on anyone found guilty of fixing, adding that an investigation into five players threatened years of work to clean up the country's image. The Pakistan Cricket Board (PCB) has provisiona
Published 20 Mar, 2017 12:00am
Tour de France loses another former champion

Tour de France loses another former champion

The Tour de France has lost its third former champion in as many months with the death aged 77 on Sunday of 1967 winner Roger Pingeon. Pingeon succumbed to a heart attack at his home in the Ain region, local mayor Georges Gouly told AFP. On December 30 Sw
Published 20 Mar, 2017 12:00am
Pujara, Saha put India on top in third Test

Pujara, Saha put India on top in third Test

Cheteshwar Pujara said Sunday the spinners should win the third Test for India after his double century and a marathon partnership with centurion Wriddhiman Saha put the hosts on top against Australia.
Published 20 Mar, 2017 12:00am
Federer takes aim at fifth Indian Wells title

Federer takes aim at fifth Indian Wells title

Roger Federer's resurgence has already out-stripped his expectations, but the Swiss great says relishing the game is more important now than chasing a ranking. Sidelined some six months after knee surgery last year, Federer came back to win his 18th Grand
Published 20 Mar, 2017 12:00am
Badminton prize money boost as new tour unveiled

Badminton prize money boost as new tour unveiled

The Badminton World Federation (BWF) on Sunday announced a new tournament structure, with increased prize money, as it looks to raise the sport's profile and ramp up revenues. 0The new tour series, which features six levels, will kick off next year and ru
Published 20 Mar, 2017 12:00am
Zeeshan, Salmanzad win Mr and Junior Mr Asian titles

Zeeshan, Salmanzad win Mr and Junior Mr Asian titles

Zeeshan Khan and Salmanzada clinched Mr and Junior Mr Asian Gym titles in the Bodybuilding contests held under the aegis of Asian Gym here at PSB Coaching Center Hall on Sunday. Zeeshan, a senior class winner of 60kg bewilders fellow musclemen in his clas
Published 20 Mar, 2017 12:00am
Bangladesh pull off historic win over Sri Lanka

Bangladesh pull off historic win over Sri Lanka

Opener Tamim Iqbal top-scored with 82 as Bangladesh pulled off a historic four-wicket win over Sri Lanka in the second Test in Colombo on Sunday. The rare win for Bangladesh - just their fourth away from home and first against Sri Lanka in 18 attempts - m
Published 20 Mar, 2017 12:00am
United on the up as Fellaini strikes

United on the up as Fellaini strikes

Marouane Fellaini scored his first Premier League goal for 15 months as Manchester United extended their unbeaten Premier League run to 18 games to move up to fifth with a 3-1 victory at relegation-threatened Middlesborough on Sunday.
Published 20 Mar, 2017 12:00am
Fall in Volkswagen brand profit shows long road to recovery

Fall in Volkswagen brand profit shows long road to recovery

Operating profit at Volkswagen's biggest car brand fell last year, showing the challenges still facing the world's largest automaker 18 months on from its emissions scandal. The German company said last month it made a record group operating profit in 201
Published 20 Mar, 2017 12:00am
Fall in Volkswagen brand profit shows long road to recovery

Fall in Volkswagen brand profit shows long road to recovery

Operating profit at Volkswagen's biggest car brand fell last year, showing the challenges still facing the world's largest automaker 18 months on from its emissions scandal. The German company said last month it made a record group operating profit in 201
Published 20 Mar, 2017 12:00am
LATAM Airlines posts $69 million net profit for 2016
Currency

LATAM Airlines posts $69 million net profit for 2016

Regional carrier LATAM Airlines posted a net profit of $69 million for all of 2016 on Wednesday, its first yearly profit since the company formed four years ago, helped by improving conditions in key market Brazil.
Published 20 Mar, 2017 12:00am
Petronas posts quarterly profit, cautious on outlook

Petronas posts quarterly profit, cautious on outlook

Malaysia's Petroliam Nasional Bhd said on Tuesday it swung to a fourth-quarter profit from a loss in the year-ago period, helped by cost-cutting efforts, but the state oil company maintained a cautious outlook for 2017.
Published 20 Mar, 2017 12:00am
Generali to raise dividends, speed up cost cuts

Generali to raise dividends, speed up cost cuts

Italy's biggest insurer Generali on Thursday played down the prospects of a take-over as it reported its highest ever full-year operating profit and said it would raise dividends and speed up cost cuts. The insurer emerged as a potential bid target in Jan
Published 20 Mar, 2017 12:00am
Telecom Egypt 2016 net profit falls

Telecom Egypt 2016 net profit falls

Telecom Egypt reported an 11 percent decline in 2016 net profit, the state-owned landline monopoly said on Monday. The company made a net profit of 2.672 billion Egyptian pounds ($151.4 million) in 2016 compared with 2.999 billion pounds a year earlier. R
Published 20 Mar, 2017 12:00am
Cathay Pacific posts first annual loss since 2008

Cathay Pacific posts first annual loss since 2008

Cathay Pacific Airways on Wednesday reported its first full-year loss since the 2008 global financial crisis, dragged down by overcapacity, a strong Hong Kong dollar and mounting competition from mainland Chinese carriers.
Published 20 Mar, 2017 12:00am
Toshiba delays earnings again, considers US unit sale

Toshiba delays earnings again, considers US unit sale

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. Japanese financial regulators ha
Published 20 Mar, 2017 12:00am
Mobile broadband sector growing in Pakistan: GSMA

Mobile broadband sector growing in Pakistan: GSMA

The mobile broadband sector is growing in Pakistan and the government is investing in new networks in rural areas, GSMA's Public Policy Manager for Asia Pacific Henry Parker said Thursday. Addressing the annual report launching ceremony here, he recommend
Published 20 Mar, 2017 12:00am
SES signs partnership accord with list

SES signs partnership accord with list

SES SA announced Mar 14 that it has signed a partnership agreement with the Luxembourg Institute of Science and Technology (LIST). The new co-operation framework with LIST complements the existing SES partnership agreement with the Luxembourg University I
Published 20 Mar, 2017 12:00am
Pandora launches new service to offer on-demand music

Pandora launches new service to offer on-demand music

Internet radio leader Pandora on Monday unveiled a new premium service that offers on-demand music, hoping to strengthen growth in a streaming market dominated by Spotify. Pandora has 80 million monthly users but recently announced layoffs amid unease ove
Published 20 Mar, 2017 12:00am
Yahoo names post-spinoff management team

Yahoo names post-spinoff management team

Yahoo said Monday that board member and former internet executive Thomas McInerney would lead the business that remains after the sale of its core assets to Verizon is completed. The internet pioneer said the sale of its main operating unit was on track t
Published 20 Mar, 2017 12:00am
Apple, Google, Facebook may not pursue lawsuit against travel ban

Apple, Google, Facebook may not pursue lawsuit against travel ban

Apple Inc, Alphabet Inc's Google and Facebook Inc are among more than 60 technology companies that appear to have backed away from the legal fight against U.S. President Donald Trump's controversial travel ban, deciding not to put their weight behind a la
Published 20 Mar, 2017 12:00am
WIPO cybersquatting cases hit record in 2016

WIPO cybersquatting cases hit record in 2016

Trademark owners filed an all-time record 3,036 cases under the Uniform Domain Name Dispute Resolution Policy (UDRP) with WIPO in 2016. According to a WIPO report received here on Thursday this was a 10% increase over the previous year, with over 1,200 ne
Published 20 Mar, 2017 12:00am
Adults born prematurely may face more mental health risks

Adults born prematurely may face more mental health risks

Adults who were born prematurely at a very low birth weight may be more likely to experience mental health problems like depression and anxiety, a recent study suggests. Researchers examined data from previously published studies of mental health in 747 a
Published 20 Mar, 2017 12:00am
Amazon tribe has lowest risk of heart ailment ever seen

Amazon tribe has lowest risk of heart ailment ever seen

Researchers said on Friday they had found an indigenous Amazonian tribe with the lowest levels of artery hardening - a portender of heart disease - ever observed. And while they hailed the group's "subsistence lifestyle" as a heart-protecting factor, othe
Published 20 Mar, 2017 12:00am
Measles cases triple in Italy as parents shun vaccine

Measles cases triple in Italy as parents shun vaccine

The number of measles cases in Italy has tripled this year, largely because parents are not getting children vaccinated due to spurious health scares, the health ministry said on Friday. More than 700 cases have been registered since the start of 2017 - c
Published 20 Mar, 2017 12:00am
Scientists zoom in on AIDS virus hideout

Scientists zoom in on AIDS virus hideout

French scientists said on Wednesday they had found a way to pinpoint elusive white blood cells which provide a hideout for the AIDS virus in people taking anti-HIV drugs. Being able to spot, and one day neutralise, these "reservoir" cells has long been a
Published 20 Mar, 2017 12:00am
Huge swathe of Australian mangroves 'die of thirst'

Huge swathe of Australian mangroves 'die of thirst'

Thousands of hectares of mangroves in Australia's remote north "died of thirst" last year, scientists said on Tuesday, in the largest climate-related incident of its kind ever recorded.
Published 20 Mar, 2017 12:00am
Gene that accelerates brain ageing in older people found

Gene that accelerates brain ageing in older people found

A common gene variant has been discovered in about one-third of the population that may explain why some people's brains age faster than others, US researchers said on Wednesday. The gene, known as TMEM106B, accelerates normal brain aging in older people
Published 20 Mar, 2017 12:00am
Thar arid university on the cards

Thar arid university on the cards

Former President of Pakistan Asif Ali Zardari has asked Sindh Government to establish Thar Arid University and promote solar energy based cottage industry in desert areas of the Tharparkar district.
Published 20 Mar, 2017 12:00am
Seven die as bus rams into rickshaw

Seven die as bus rams into rickshaw

Seven including a woman and a young girl were killed after bus rammed into a rickshaw in Bhakkar district of Punjab. While ten others were severely injured in the road accident near Kalor Kot area of district Bhakkar. Enraged area residents came out on th
Published 20 Mar, 2017 12:00am
Government urged to slash sales tax

Government urged to slash sales tax

The business Community of Southern Punjab has reiterated its demand to cut the sales tax down to single digit to take burden off the consumers so that they could heave a sigh of relief. The spokesman said that there should be low rate of sales tax, as our
Published 20 Mar, 2017 12:00am
Government urged to slash sales tax

Government urged to slash sales tax

The business Community of Southern Punjab has reiterated its demand to cut the sales tax down to single digit to take burden off the consumers so that they could heave a sigh of relief. The spokesman said that there should be low rate of sales tax, as our
Published 20 Mar, 2017 12:00am
61 immigrants handed over to FIA

61 immigrants handed over to FIA

Iranian authorities have handed over 61 Pakistani immigrants to FIA at Taftan border in Chagai district. According to official sources, the detained Pakistani immigrants were living in Iran without legal documents.
Published 20 Mar, 2017 12:00am
Anti-polio campaign launched in KP's six districts

Anti-polio campaign launched in KP's six districts

As many as 1.3 million children under-five years of age will be administered Oral Polio Vaccine (OPV) in the anti-polio drive in six districts of Khyber Pakhtunkhwa including Peshawar starting today (Monday).
Published 20 Mar, 2017 12:00am
Women empowerment programme launched

Women empowerment programme launched

Launching ceremony of the "Women Empowerment programme Phase-I" was held here Saturday evening. The programme is being implemented by Baidarie Sialkot with the technical and financial support provided by Adidas group.
Published 20 Mar, 2017 12:00am
Population census under way peacefully

Population census under way peacefully

After completing the house listing, the head count has been started in the district in connection with Population Census. Deputy Commissioner Salman Ghani inaugurated the head counting by entering the names of a family on the prescribed proforma in a loca
Published 20 Mar, 2017 12:00am
16 candidates' vie for PP-23 Chakwal seat

16 candidates' vie for PP-23 Chakwal seat

The nomination papers of all the 16 candidates, who filed for the by-election of PP-23 Chakwal, were declared correct by Returning Officer Shakeel Ahmed. The major contestants are Malik Shahryar Awan of PML (N) and PTI, JI and PML (Q) have fielded Colonel
Published 20 Mar, 2017 12:00am
Partnership with Russia, Tatarstan to grow: Prime Minister

Partnership with Russia, Tatarstan to grow: Prime Minister

Prime Minister Muhammad Nawaz Sharif on Sunday said that Pakistan's longstanding partnership with the Russian Federation as well as with its Muslim regions, including the Republic of Tatarstan, would witness significant progress in all areas of mutual int
Published 20 Mar, 2017 12:00am
Karachiites to vote for PSP, says Kamal

Karachiites to vote for PSP, says Kamal

Chairman Pak Sarzameen Party (PSP) Syed Mustafa Kamal claims that impression in the country that Muhajir community has obsession with the Muttahida Qaumi Movement is wrong.
Published 20 Mar, 2017 12:00am
First computer centre for tribal women opens

First computer centre for tribal women opens

The first-ever women computer centre, established inside the vocational centre in Government Girls High Secondary School (GGSS) under the auspices of Fata Development Authority (FDM) was inaugurated.
Published 20 Mar, 2017 12:00am
Clashes in Syria capital after surprise rebel assault

Clashes in Syria capital after surprise rebel assault

Heavy clashes rocked eastern districts of the Syrian capital on Sunday as rebels and jihadists tried to fight their way into the city centre in a surprise assault on government forces. The attack comes just days before a fresh round of UN-brokered peace t
Published 20 Mar, 2017 12:00am
Pulitzer-winning New York columnist dies

Pulitzer-winning New York columnist dies

Pulitzer Prize-winning newspaper columnist Jimmy Breslin, a self-described "street reporter" who chronicled New York City life for decades and won acclaim for his coverage of the "Son of Sam" serial killings, died on Sunday morning at age 88.
Published 20 Mar, 2017 12:00am
Fierce fighting on outskirts of Mosul Old City

Fierce fighting on outskirts of Mosul Old City

Iraqi forces backed by helicopter strikes engaged in heavy fighting with jihadists on the outskirts of the Old City on Sunday as they pressed their offensive to recapture west Mosul. The elite Rapid Response Force and Iraqi federal police attacked the Isl
Published 20 Mar, 2017 12:00am
Iraq premier visits US

Iraq premier visits US

Iraqi Prime Minister Haider al-Abadi left for Washington on Sunday to meet President Donald Trump as his forces press an assault to recapture west Mosul from the Islamic State jihadist group. The premier's office said Abadi would also meet Vice President
Published 20 Mar, 2017 12:00am
Duterte says can't stop China developing shoal

Duterte says can't stop China developing shoal

Philippine President Rodrigo Duterte said Sunday he could not stop China from building on a disputed shoal near his country's west coast because it was too powerful.
Published 20 Mar, 2017 12:00am
Rock 'n' roll father, Chuck Berry, dies

Rock 'n' roll father, Chuck Berry, dies

Chuck Berry, one of the creators of rock 'n' roll who helped shape modern youth culture with his dance-ready rhythms but who struggled to overcome institutional racism, died Saturday. He was 90.
Published 20 Mar, 2017 12:00am
Erdogan targets Merkel as German-Turkish tensions spiral

Erdogan targets Merkel as German-Turkish tensions spiral

Turkish President Recep Tayyip Erdogan on Sunday accused German Chancellor Angela Merkel of employing "Nazi" measures as new rows erupted between Ankara and Berlin over a pro-Kurdish rally and the July 15 coup attempt. Turkey and the European Union are lo
Published 20 Mar, 2017 12:00am
'A cup of poison hemlock'?

'A cup of poison hemlock'?

Pakistan People's Party (PPP) has described the agreement on military courts as 'a cup of poison hemlock'. Before something is said about the political parties' near-unanimous decision to reinstate military courts for another two years, it must be concede
Published 20 Mar, 2017 12:00am
The problem with exports
Currency

The problem with exports

Speaking at a press conference, the Federal Minister for Commerce Khurram Dastgir has acknowledged a decline in exports but added that growth in exports is also the responsibility of other stakeholders, including the Ministry of Finance and its associated
Published 20 Mar, 2017 12:00am
Lesson must be learnt

Lesson must be learnt

Ishaq Dar, the Federal Finance Minister, has the easiest job in the cabinet so argue his detractors: not because the economy is doing particularly well but because he has the ear of the Prime Minister (to the exclusion of all others especially those with
Published 20 Mar, 2017 12:00am
India hunts hidden cash in corruption blitz

India hunts hidden cash in corruption blitz

Mansions owned by maids, gardeners and drivers until now have aroused little suspicion in India, where the wealthy have long hidden fortunes in the names of lowly-paid staff to avoid paying tax. But as the government broadens its crackdown on corruption,
Published 20 Mar, 2017 12:00am
Scots weigh economic uncertainty of independent future
Currency

Scots weigh economic uncertainty of independent future

The prospects for Scotland's economy after Brexit are at the heart of the battle between its pro-independence first minister and British Prime Minister Theresa May, who wants Britain to stay united as it leaves the EU.
Published 20 Mar, 2017 12:00am
Banking courts: appointment of judges

Banking courts: appointment of judges

Banking Courts III, and IV Karachi are vacant for long an no judge has been appointed so far. There are five banking courts functioning in Karachi where banks, development financial institutions, leasing companies, etc, are approached for filing of suits
Published 20 Mar, 2017 12:00am
A rapid fire round with Asad Umar

A rapid fire round with Asad Umar

Earlier this month, BR Research had a quick tête-à-tête with Asad Umar, the former Engro boss turned politician and current MNA with the Pakistan Tehreek-e-Insaf. What followed was a quick discussion on a host of topics ranging from CPEC, the impact of po
Published 20 Mar, 2017 12:00am
A rapid fire round with Asad Umar

A rapid fire round with Asad Umar

Earlier this month, BR Research had a quick tête-à-tête with Asad Umar, the former Engro boss turned politician and current MNA with the Pakistan Tehreek-e-Insaf. What followed was a quick discussion on a host of topics ranging from CPEC, the impact of po
Published 20 Mar, 2017 12:00am
Murad warns federal investigation agencies

Murad warns federal investigation agencies

The Chief Minister of Sindh Syed Murad Ali Shah has said that MPA Sharjeel Memon came back to Pakistan on Islamabad High Court's orders to appear before the court on March 20 and his arrest was quite surprising after the decision of Islamabad High Court.
Published 20 Mar, 2017 12:00am
Full dress rehearsal of Pakistan Day parade held

Full dress rehearsal of Pakistan Day parade held

Full dress rehearsal of Pakistan Day parade was held at Shakarparian Parade Ground in Islamabad on Sunday. The rehearsal was attended by all the three defence forces. Foot columns of Army, Navy, Pakistan Air Force, Frontier Corps, Northern Light Infantry,
Published 20 Mar, 2017 12:00am
SSUET awards degrees to over 1000 graduates

SSUET awards degrees to over 1000 graduates

Sir Syed University of Engineering and Technology (SSUET) on Sunday organised its 20th Convocation as more than 1000 students were conferred degrees of BS and MS programmes here.
Published 20 Mar, 2017 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 13 to 17, 2017).

Published 20 Mar, 2017 12:00am
The Weather

The Weather

The weather report on Sunday (March 19, 2017) and the forecast for Monday (March 20, 2017).

Published 20 Mar, 2017 12:00am
Six held for running Hundi business

Six held for running Hundi business

Six people involved in illegal Hundi business were arrested in Lahore, a private news channel reported on Sunday. Raid was conducted on their illegal money exchange office. Hundreds of millions of rupees were also recovered from their possession. They wer
Published 20 Mar, 2017 12:00am
Power sector: Data paint bleak picture

Power sector: Data paint bleak picture

Officially released data paint a bleak picture of performance of power sector during the last three years in marked contrast to the claims of the government's top economic managers and policymakers. According to officially released data, a collection reco
Published 20 Mar, 2017 12:00am
Power sector: Data paint bleak picture

Power sector: Data paint bleak picture

Officially released data paint a bleak picture of performance of power sector during the last three years in marked contrast to the claims of the government's top economic managers and policymakers. According to officially released data, a collection reco
Published 20 Mar, 2017 12:00am
Power sector: Data paints bleak picture

Power sector: Data paints bleak picture

Officially released data paints a bleak picture of performance of power sector during the last three years in marked contrast to the claims of the government''s top economic managers and policymakers. According to officially released data, a collection re
Published 20 Mar, 2017 12:00am
THE RUPEE: slight gains
Currency

THE RUPEE: slight gains

The rupee was firm against the dollar on the money market, during the week, ended on March 18, 2017. On the back of comfortable supply of dollar, the rupee managed to move in narrow band during the week, some experts said.
Published 20 Mar, 2017 12:00am
THE RUPEE: slight gains
Currency

THE RUPEE: slight gains

The rupee was firm against the dollar on the money market, during the week, ended on March 18, 2017. On the back of comfortable supply of dollar, the rupee managed to move in narrow band during the week, some experts said.
Published 20 Mar, 2017 12:00am
Rs 5.6 billion power project approved by Dar

Rs 5.6 billion power project approved by Dar

Finance Minister Ishaq Dar has approved Rs 5.6 billion power sector project aimed at conversion of existing 220kV substations at Kala Shah Kaku, Ravi and Naseerabad Bund Road from air insulated to gas insulated. On a proposal of the Ministry of Planning,
Published 20 Mar, 2017 12:00am
Rs 5.6 billion power project approved by Dar

Rs 5.6 billion power project approved by Dar

Finance Minister Ishaq Dar has approved Rs 5.6 billion power sector project aimed at conversion of existing 220kV substations at Kala Shah Kaku, Ravi and Naseerabad Bund Road from air insulated to gas insulated. On a proposal of the Ministry of Planning,
Published 20 Mar, 2017 12:00am
Rs 5.6 billion power project approved by Dar

Rs 5.6 billion power project approved by Dar

Finance Minister Ishaq Dar has approved Rs 5.6 billion power sector project aimed at conversion of existing 220kV substations at Kala Shah Kaku, Ravi and Naseerabad Bund Road from air insulated to gas insulated. On a proposal of the Ministry of Planning,
Published 20 Mar, 2017 12:00am
Xi, Tillerson seek stronger ties

Xi, Tillerson seek stronger ties

Chinese President Xi Jinping and US Secretary of State Rex Tillerson pledged in talks Sunday to work to strengthen a relationship strained by disputes over North Korea and trade. Xi met Tillerson in Beijing just hours after nuclear-armed North Korea teste
Published 20 Mar, 2017 12:00am
Xi, Tillerson seek stronger ties

Xi, Tillerson seek stronger ties

Chinese President Xi Jinping and US Secretary of State Rex Tillerson pledged in talks Sunday to work to strengthen a relationship strained by disputes over North Korea and trade. Xi met Tillerson in Beijing just hours after nuclear-armed North Korea teste
Published 20 Mar, 2017 12:00am
President signs 'Hindu Marriage Bill' into law

President signs 'Hindu Marriage Bill' into law

President Mamnoon Hussain on Sunday signed "The Hindu Marriage Bill 2017" into law, providing for the regulation of Hindu marriages in the country. The President signed the bill on advice of Prime Minister Muhammad Nawaz Sharif that had earlier been passe
Published 20 Mar, 2017 12:00am
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