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Archive - 2017-12-26
Imports continue to bite
Miscellaneous

Imports continue to bite

Fast growing imports are the bane of policymakers in Islamabad right now. Exports have grown by 10 percent in 5MFY18, bu
Published 26 Dec, 2017 07:07am
Curran to debut for England in Melbourne Ashes Test

Curran to debut for England in Melbourne Ashes Test

Young paceman Tom Curran will make his Test debut in England's only change for the fourth Ashes Test against Australia starting in Melbourne on Tuesday. The Surrey 22-year-old fast bowler replaces injured Craig Overton, who succumbed to a rib injury when
Published 26 Dec, 2017 12:00am
Federer, Nadal shine as rivals hobble into 2018

Federer, Nadal shine as rivals hobble into 2018

Written off as dead men walking, Roger Federer and Rafael Nadal defied time to sweep the Grand Slams in 2017 while the injury curse which dogged their rivals looks set to be the new year's early storyline. Evergreen Federer, who will turn 37 in 2018, took
Published 26 Dec, 2017 12:00am
Serena to return in Abu Dhabi with Australian Open in mind

Serena to return in Abu Dhabi with Australian Open in mind

Former world number one Serena Williams will make a surprise comeback at the Mubadala exhibition event in Abu Dhabi next Saturday, as she gears up for her Australian Open title defence in January. The decision to play in the United Arab Emirates should vi
Published 26 Dec, 2017 12:00am
Russian rouble rallies vs dollar to strongest since October
Exchange

Russian rouble rallies vs dollar to strongest since October

The Russian rouble rallied against the dollar to its strongest level since late October in light trade on Monday in the absence of foreign players away for the Christmas holidays. The rouble strengthened to 57.80 versus the dollar, a level not seen since
Published 26 Dec, 2017 12:00am
Cryptocurrency stocks holding gains despite bitcoin pullback
Currency

Cryptocurrency stocks holding gains despite bitcoin pullback

Stocks that surged in recent weeks because of the cryptocurrency mania have managed to hold onto most of their gains despite the recent retreat in the price of bitcoin and skepticism from market participants. A Reuters analysis of 17 stocks of companies t
Published 26 Dec, 2017 12:00am
Crown stands out in quiet market after Sweden calls end to QE
Currency

Crown stands out in quiet market after Sweden calls end to QE

Sweden's crown rose half a percent on Wednesday after the country's central bank called an end to its quantitative easing scheme, as higher-profile currencies saw little activity in generally thin pre-holiday trade. The crown initially jumped almost one p
Published 26 Dec, 2017 12:00am
Crypto FX should only be traded by professionals
Currency

Crypto FX should only be traded by professionals

Russian Finance Minister Anton Siluanov said on Monday that cryptocurrencies should be traded only by professional investors, not in the mainstream. "Professional market participants should work with crypto-currencies, not ordinary people," Siluanov said
Published 26 Dec, 2017 12:00am
Domestic wholesale trade data, oil lift Canadian dollar

Domestic wholesale trade data, oil lift Canadian dollar

The Canadian dollar strengthened against its US counterpart on Wednesday after domestic data showed wholesale trade rose more than expected in October, which could bode well for economic growth at the start of the fourth quarter. Increased purchases of ma
Published 26 Dec, 2017 12:00am
China's yuan ends onshore trading session at three-one/two-month high

China's yuan ends onshore trading session at three-one/two-month high

China's yuan strengthened through the day in holiday-thinned trading on Monday, reaching its highest level in three-and-a-half months against the US dollar at the official local close, following a much strengthened official midpoint. The spot market opene
Published 26 Dec, 2017 12:00am
Dollar steady but its funding costs soar ahead of year-end
Currency

Dollar steady but its funding costs soar ahead of year-end

The dollar was little changed against other major currencies on Monday in holiday-thinned trading while the cost of swapping the yen for the dollar jumped as banks scrambled to raise dollars for the year-end period. The dollar stood little changed at 113.
Published 26 Dec, 2017 12:00am
Election, NAFTA jitters cast a shadow on LatAm FX outlook
Currency

Election, NAFTA jitters cast a shadow on LatAm FX outlook

Currency forecasters' calm demeanor towards Brazil's 2018 elections is fading as it becomes clear that the burden of tightening the government's budget will fall on President Michel Temer's successor. The Brazilian real is likely to weaken faster and by a
Published 26 Dec, 2017 12:00am
Trade sterling like emerging market currency, say investors
Currency

Trade sterling like emerging market currency, say investors

The pound should be traded like the currency of an emerging-market country, money managers at the 2018 Reuters Global Investment Summit said on Wednesday, because of uncertainty surrounding Brexit. Portfolio managers told the summit that high levels of po
Published 26 Dec, 2017 12:00am
Neglected Swedish crown set to win some love at last
Currency

Neglected Swedish crown set to win some love at last

The Swedish crown's struggle as one of the whipping boys of European currencies may be nearly over. Despite a reasonably bright economy and red-hot property market, Sweden's Riksbank has fought furiously against crown strength in recent years and there is
Published 26 Dec, 2017 12:00am
China stocks fall amid fears of tighter liquidity
Exchange

China stocks fall amid fears of tighter liquidity

China stocks fell on Monday, with the start-up board ChiNext posting its biggest decline in three weeks as expectations of tighter monetary polices stirred worries about market liquidity. China is likely to set its 2018 money growth target at an all-time
Published 26 Dec, 2017 12:00am
Knorr-Bremse appoints banks for 2018 stock market listing
Exchange

Knorr-Bremse appoints banks for 2018 stock market listing

German brake systems maker Knorr-Bremse has hired banks to help prepare for a potential stock market listing next year, people close to the matter said. The company has mandated Deutsche Bank, J.P Morgan and Morgan Stanley as "global coordinators" to help
Published 26 Dec, 2017 12:00am
Knorr-Bremse appoints banks for 2018 stock market listing
Exchange

Knorr-Bremse appoints banks for 2018 stock market listing

German brake systems maker Knorr-Bremse has hired banks to help prepare for a potential stock market listing next year, people close to the matter said. The company has mandated Deutsche Bank, J.P Morgan and Morgan Stanley as "global coordinators" to help
Published 26 Dec, 2017 12:00am
Tech still hedge funds' sweetheart sector: Goldman Sachs
Mutual Funds

Tech still hedge funds' sweetheart sector: Goldman Sachs

Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and least favoured areas of the market.
Published 26 Dec, 2017 12:00am
Tech still hedge funds' sweetheart sector: Goldman Sachs
Mutual Funds

Tech still hedge funds' sweetheart sector: Goldman Sachs

Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and least favoured areas of the market.
Published 26 Dec, 2017 12:00am
JGBs tick up, BOJ operations underscore tight supply conditions

JGBs tick up, BOJ operations underscore tight supply conditions

Japanese government bond prices edged up a tad on Monday as the Bank of Japan's bond-buying operation underscored limited selling interest ahead of the year-end. The 10-year JGB yield dipped 0.5 basis point to 0.040 percent while the 20-year JGB yield als
Published 26 Dec, 2017 12:00am
JGBs tick up, BOJ operations underscore tight supply conditions

JGBs tick up, BOJ operations underscore tight supply conditions

Japanese government bond prices edged up a tad on Monday as the Bank of Japan's bond-buying operation underscored limited selling interest ahead of the year-end. The 10-year JGB yield dipped 0.5 basis point to 0.040 percent while the 20-year JGB yield als
Published 26 Dec, 2017 12:00am
Average yields on Egyptian three and seven-year T-bonds fall
Currency

Average yields on Egyptian three and seven-year T-bonds fall

The average yield on Egypt's three-year and seven-year treasury bonds fell at an auction on Monday, central bank data showed. The average yield on three-year bonds was 15.542 percent, compared with 16.094 percent at the last auction on November 11. The av
Published 26 Dec, 2017 12:00am
Average yields on Egyptian three and seven-year T-bonds fall
Currency

Average yields on Egyptian three and seven-year T-bonds fall

The average yield on Egypt's three-year and seven-year treasury bonds fell at an auction on Monday, central bank data showed. The average yield on three-year bonds was 15.542 percent, compared with 16.094 percent at the last auction on November 11. The av
Published 26 Dec, 2017 12:00am
France to lift bond issuance next year to 195 billion euros

France to lift bond issuance next year to 195 billion euros

The French government will lift bond issuance next year as the state budget deficit and redemptions rise, the public debt management agency said on Wednesday. The Agence France Tresor said it planned to issue 195 billion euros ($229 billion) of medium and
Published 26 Dec, 2017 12:00am
France to lift bond issuance next year to 195 billion euros

France to lift bond issuance next year to 195 billion euros

The French government will lift bond issuance next year as the state budget deficit and redemptions rise, the public debt management agency said on Wednesday. The Agence France Tresor said it planned to issue 195 billion euros ($229 billion) of medium and
Published 26 Dec, 2017 12:00am
China stocks regulator approves four IPOs

China stocks regulator approves four IPOs

China's securities regulator has approved four initial public offerings (IPOs) that aim to raise a combined total of up to 5.8 billion yuan ($882.13 million). Two of the approved IPOs are on the Shanghai bourse, one is on the Shenzhen Small & Medium Enter
Published 26 Dec, 2017 12:00am
China stocks regulator approves four IPOs

China stocks regulator approves four IPOs

China's securities regulator has approved four initial public offerings (IPOs) that aim to raise a combined total of up to 5.8 billion yuan ($882.13 million). Two of the approved IPOs are on the Shanghai bourse, one is on the Shenzhen Small & Medium Enter
Published 26 Dec, 2017 12:00am
Gulf mostly quiet as Abu Dhabi's Dana soars before court hearing
Exchange

Gulf mostly quiet as Abu Dhabi's Dana soars before court hearing

Gulf stock markets were mostly quiet in moderate trading volumes on Monday as Abu Dhabi-listed Dana Gas jumped ahead of a court hearing on its effort to avoid redeeming $700 million of Islamic bonds. Abu Dhabi's index edged up 0.3 percent as Dana jumped 1
Published 26 Dec, 2017 12:00am
Tokyo stocks edge up at the close
Exchange

Tokyo stocks edge up at the close

Tokyo stocks closed slightly higher on Monday in quiet trading, with investors sidelined by the Christmas holiday. The benchmark Nikkei 225 index edged up 0.16 percent, or 36.42 points, to end at 22,939.18, while the broader Topix index was up 0.16 percen
Published 26 Dec, 2017 12:00am
Turkey's Vakifbank state bank status will not change with decree
Exchange

Turkey's Vakifbank state bank status will not change with decree

Turkey's Vakifbank said on Monday that the transfer of a majority of its shares to the Turkish treasury will not change its status as a state bank or its strategy and business plan. It said in a public filing that a decree in the Official Gazette authoris
Published 26 Dec, 2017 12:00am
Turkey's Vakifbank state bank status will not change with decree
Exchange

Turkey's Vakifbank state bank status will not change with decree

Turkey's Vakifbank said on Monday that the transfer of a majority of its shares to the Turkish treasury will not change its status as a state bank or its strategy and business plan. It said in a public filing that a decree in the Official Gazette authoris
Published 26 Dec, 2017 12:00am
Russian tycoons, fearing new sanctions, float new bond idea
Currency

Russian tycoons, fearing new sanctions, float new bond idea

Wealthy Russians facing the prospect of targeted US sanctions next year have floated the idea of a special treasury bond to facilitate favourable terms for bringing their cash home, three sources familiar with the scheme said. The bond, denominated in for
Published 26 Dec, 2017 12:00am
Russian tycoons, fearing new sanctions, float new bond idea
Currency

Russian tycoons, fearing new sanctions, float new bond idea

Wealthy Russians facing the prospect of targeted US sanctions next year have floated the idea of a special treasury bond to facilitate favourable terms for bringing their cash home, three sources familiar with the scheme said. The bond, denominated in for
Published 26 Dec, 2017 12:00am
China likely to set M2 growth target at record low next year

China likely to set M2 growth target at record low next year

China is likely to set its 2018 money growth target at an all-time low of around 9 percent to curb debt risks and contain asset bubbles, the official China Daily reported on Monday, citing economists involved in high-level policy discussions. Financial ri
Published 26 Dec, 2017 12:00am
Canada economic growth stalls in October

Canada economic growth stalls in October

The Canadian economy paused in October, reinforcing expectations that growth cooled in the second half of the year and taking some steam out of bets that the central bank could raise interest rates as soon as January. Gross domestic product was unchanged
Published 26 Dec, 2017 12:00am
Iraq has not reached agreement with Exxon

Iraq has not reached agreement with Exxon

Iraq has not yet reached an agreement with Exxon Mobil on a multibillion-dollar project to boost output from several southern oilfields, Oil Minister Jabar al-Luaibi said on Monday. If no agreement is reached by February, Luaibi told journalists at a sign
Published 26 Dec, 2017 12:00am
Kazakhstan, Kyrgyzstan pledge to improve ties in wake of trade war

Kazakhstan, Kyrgyzstan pledge to improve ties in wake of trade war

The leaders of Kazakhstan and Kyrgyzstan pledged on Monday to improve relations, after ties between the two former Soviet republics degenerated into a trade war under the previous Kyrgyz leadership. The standoff between Astana and the government of former
Published 26 Dec, 2017 12:00am
Star Wars: 'The Last Jedi' tops Christmas box office

Star Wars: 'The Last Jedi' tops Christmas box office

The force was with Disney as the latest Star Wars movie "The Last Jedi" beat out the competition to top the Christmas weekend box office, according to industry estimates released Sunday. The eighth installment of the blockbuster space saga topped the char
Published 26 Dec, 2017 12:00am
China needs Detroit-style bankruptcy

China needs Detroit-style bankruptcy

China needs to let local governments take responsibility for their finances, including allowing bankruptcies, as part of an effort to defuse their debt risks, a central bank official wrote on Monday. Central government control of the scale of local govern
Published 26 Dec, 2017 12:00am
China 2018 transport infrastructure spending to be similar to 2017

China 2018 transport infrastructure spending to be similar to 2017

China will invest a similar amount next year on transportation infrastructure as it did in 2017, with projects to include 5,000 km of new expressways, state media reported on Monday. The planned investments, which also include renovation of 216,000 km of
Published 26 Dec, 2017 12:00am
Abe happy with BOJ Kuroda's job

Abe happy with BOJ Kuroda's job

Japanese Prime Minister Shinzo Abe likely feels the economy is in good shape thanks to efforts by Bank of Japan Governor Haruhiko Kuroda, the top government spokesman said in an interview with the Mainichi newspaper published on Monday. The government is
Published 26 Dec, 2017 12:00am
Russian watchdog to resume tea imports from Sri Lanka

Russian watchdog to resume tea imports from Sri Lanka

Russia's agriculture safety watchdog will resume imports of tea from Sri Lanka, RIA news agency cited its head Sergey Dankvert as saying on Monday. Russia placed temporary restrictions on imports of tea and all other agricultural products from Sri Lanka f
Published 26 Dec, 2017 12:00am
Japan's SMFG to raise stake in Indonesian bank BTPN

Japan's SMFG to raise stake in Indonesian bank BTPN

Sumitomo Mitsui Financial Group (SMFG) is keen to raise its stake to a majority in Indonesian lender BTPN if authorities permit, the Japanese bank's CEO said, as it aims to roll out full-scale banking operations in emerging Asia markets. "Conditional upon
Published 26 Dec, 2017 12:00am
Iraqi oil minister expects oil market to be in balance in Q1

Iraqi oil minister expects oil market to be in balance in Q1

Iraqi Oil Minister Jabar al-Luaibi said on Monday he was optimistic there would be a balance between supply and demand by the first quarter of 2018, leading to a boost in oil prices. Global oil inventories have decreased to an acceptable level and there w
Published 26 Dec, 2017 12:00am
BOJ says low rates hurting banks

BOJ says low rates hurting banks

Prolonged ultra-easy monetary policy is weighing heavily on Japanese bank profits but financial institutions should not expect business conditions to brighten dramatically even after the central bank raises interest rates, a senior Bank of Japan official
Published 26 Dec, 2017 12:00am
IGC boosts global grains forecast for 2017-2018

IGC boosts global grains forecast for 2017-2018

The International Grains Council (IGC) lifted its forecast for 2017/18 world grain production on Thursday, mostly reflecting improved prospects for the US corn crop. The inter-governmental body, in a monthly report published on Thursday, forecast total gr
Published 26 Dec, 2017 12:00am
Chinese customs seizes $13 million worth of smuggled fuel

Chinese customs seizes $13 million worth of smuggled fuel

Chinese customs in Nanjing city has seized 12,000 tonnes of smuggled fuel worth 85 million yuan ($12.98 million), state news agency Xinhua reported on Monday The seizure is a result of months of investigations in coastal provinces of Jiangsu, Fujian and Z
Published 26 Dec, 2017 12:00am
China exceeds target for household gas projects

China exceeds target for household gas projects

China's Ministry for Environmental Protection (MEP) said it had completed coal-to-gas and coal-to-electricity projects for 3.9 million households or 25,220 villages, exceeding a target of 3.1 million houses for 2017 in northern Chinese regions. The projec
Published 26 Dec, 2017 12:00am
West African cocoa plan needs to focus on farmers

West African cocoa plan needs to focus on farmers

Ghana and Ivory Coast need to focus more sharply on improving farmers' incomes if they are to achieve initiatives to guarantee stable revenue from the commodity, the CEO of Swiss chocolatier Barry Callebaut said on Thursday. The company, which last year l
Published 26 Dec, 2017 12:00am
Tougher approval process for soyabean imports could hit Chinese demand

Tougher approval process for soyabean imports could hit Chinese demand

China is taking longer to issue safety certificates for cargoes of genetically modified (GMO) soyabeans, in a move that could dent demand for purchases in coming months, four trade sources said. China, which buys 60 percent of global soyabean exports, mai
Published 26 Dec, 2017 12:00am
Alrosa to sell gas fields in auction

Alrosa to sell gas fields in auction

Russia's Alrosa will sell its gas fields in an open auction next year at a starting price of 30 billion roubles ($517.55 million), the world's largest producer of rough diamonds said. Applications to take part in the auction will be open from Wednesday, a
Published 26 Dec, 2017 12:00am
Glencore sees record oil trading volumes as margins shrink

Glencore sees record oil trading volumes as margins shrink

Glencore looks set to cement its position as the world's second-largest oil trader as it tries to offset low volatility and tight margins with record volumes this year, its global head of oil, Alex Beard, told Reuters. The London-listed commodities trader
Published 26 Dec, 2017 12:00am
Shanghai to issue 156 millions Tonnes carbon emission allowances in 2017

Shanghai to issue 156 millions Tonnes carbon emission allowances in 2017

The city of Shanghai has allocated 156 million tonnes of carbon emission allowances to industrial plants in 2017, said local authorities in a statement posted on a municipal government website late on Friday The allowances will be given free to firms base
Published 26 Dec, 2017 12:00am
Russian wheat prices stable amid flat benchmarks, long holiday

Russian wheat prices stable amid flat benchmarks, long holiday

Russian wheat export prices were stable last week amid flat global benchmarks in Chicago and Paris and due to quiet trade ahead of the long seasonal holiday, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content for
Published 26 Dec, 2017 12:00am
Shanghai copper hits two-month peak over gas shortages
Exchange

Shanghai copper hits two-month peak over gas shortages

Shanghai copper prices rose 0.7 percent on Monday to a two-month peak as smelters in China cut production amid natural gas shortages in some parts of the country. "Due to tight gas supplies in northern China, such as in Hebei and Shandong, some copper pro
Published 26 Dec, 2017 12:00am
TOCOM rises after top producers agree to cut exports until March
Exchange

TOCOM rises after top producers agree to cut exports until March

Benchmark Tokyo rubber futures rose on Monday, helped by news that top producing countries have agreed to slash exports by up to 350,000 tonnes until March next year, but trades were thin due to the holiday season. A group of three of the world's top natu
Published 26 Dec, 2017 12:00am
Message From President, Islamic Republic of Pakistan

Message From President, Islamic Republic of Pakistan

I am pleased to know that in keeping with its tradition, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is organizing the 41st annual Export Trophy Awards Ceremony to honor the outstanding exporters during the financial year 2016-201
Published 26 Dec, 2017 12:00am
Message From Minister for Defence Islamic Republic of Pakistan

Message From Minister for Defence Islamic Republic of Pakistan

FPCCI Export Trophy Awards symbolize excellence in exports. The Government attaches great importance to promotion of exports and recognizes the positive contribution being made by the Trade, Industry. and Business Community.
Published 26 Dec, 2017 12:00am
Message From President, FPCCI
Exchange

Message From President, FPCCI

I am pleased to present the FPCCI Export Awards Souvenir on the occasion of 41st Export Awards Trophy. The FPCCI has regularly been organizing Export Awards since 1976. The FPCCI Trophy is an acknowledgement of the excellent performance of the exporters a
Published 26 Dec, 2017 12:00am
The Weather

The Weather

The weather report on Monday (December 25, 2017) and the forecast for Tuesday (December 26, 2017).

Published 26 Dec, 2017 12:00am
US hails UN budget cuts as 'step in right direction'

US hails UN budget cuts as 'step in right direction'

The United States on Sunday applauded a $285-million-cut in the UN core budget, saying it was "a big step in right direction." The General Assembly adopted a budget of $5.396 billion for 2018-2019, slightly below the $5.4 billion that UN Secretary-General
Published 26 Dec, 2017 12:00am
Indian unprovoked firing: three soldiers martyred

Indian unprovoked firing: three soldiers martyred

India initiated unprovoked cease fire violation along Line of Control (LOC) at Rakhchikri , Rawlakot sector and as a result three Pakistani soldiers embraced shahadat, while one got injured, an ISPR statement said on Monday.
Published 26 Dec, 2017 12:00am
Indian unprovoked firing: three soldiers martyred

Indian unprovoked firing: three soldiers martyred

India initiated unprovoked cease fire violation along Line of Control (LOC) at Rakhchikri , Rawlakot sector and as a result three Pakistani soldiers embraced shahadat, while one got injured, an ISPR statement said on Monday.
Published 26 Dec, 2017 12:00am
TCP won't procure sugar from defaulting mills

TCP won't procure sugar from defaulting mills

The Trading Corporation of Pakistan (TCP) has formulated a policy to procure and export 0.3 million tons of sugar from mills on the instructions of the Economic Co-ordination Committee (ECC) of the Cabinet, according to which procurement will not be made
Published 26 Dec, 2017 12:00am
TCP won't procure sugar from defaulting mills

TCP won't procure sugar from defaulting mills

The Trading Corporation of Pakistan (TCP) has formulated a policy to procure and export 0.3 million tons of sugar from mills on the instructions of the Economic Co-ordination Committee (ECC) of the Cabinet, according to which procurement will not be made
Published 26 Dec, 2017 12:00am
TCP won''t procure sugar from defaulting mills

TCP won''t procure sugar from defaulting mills

The Trading Corporation of Pakistan (TCP) has formulated a policy to procure and export 0.3 million tons of sugar from mills on the instructions of the Economic Co-ordination Committee (ECC) of the Cabinet, according to which procurement will not be made
Published 26 Dec, 2017 12:00am
Jadhav meets wife and mother
Exchange

Jadhav meets wife and mother

The convicted Indian spy, Kulbhushan Jadhav Monday met with his mother and wife following Pakistan allowed the meeting to happen on humanitarian grounds. The meeting which held under strict security arrangements here at the Ministry of Foreign Affairs was
Published 26 Dec, 2017 12:00am
Jadhav meets wife and mother
Exchange

Jadhav meets wife and mother

The convicted Indian spy, Kulbhushan Jadhav Monday met with his mother and wife following Pakistan allowed the meeting to happen on humanitarian grounds. The meeting which held under strict security arrangements here at the Ministry of Foreign Affairs was
Published 26 Dec, 2017 12:00am
Indian media gives credit to Modi

Indian media gives credit to Modi

Indian media wrongly credited their Prime Minister Narendra Modi for the meeting between convicted RAW spy Kulbhushan Jadhav and his family, contrary to the clarification of Pakistan Foreign Office that the meeting was held on humanitarian grounds.
Published 26 Dec, 2017 12:00am
Indian media gives credit to Modi

Indian media gives credit to Modi

Indian media wrongly credited their Prime Minister Narendra Modi for the meeting between convicted RAW spy Kulbhushan Jadhav and his family, contrary to the clarification of Pakistan Foreign Office that the meeting was held on humanitarian grounds.
Published 26 Dec, 2017 12:00am
Pakistan, China & Afghanistan: Asif reaches Beijing

Pakistan, China & Afghanistan: Asif reaches Beijing

Foreign Minister Khawaja Asif reached Beijing on Monday for the first trilateral consultations among Pakistan, China and Afghanistan for strengthening relations and cooperation. Upon arrival in Beijing, he was received at the airport by Ambassador Masood
Published 26 Dec, 2017 12:00am
Pakistan, China & Afghanistan: Asif reaches Beijing

Pakistan, China & Afghanistan: Asif reaches Beijing

Foreign Minister Khawaja Asif reached Beijing on Monday for the first trilateral consultations among Pakistan, China and Afghanistan for strengthening relations and cooperation. Upon arrival in Beijing, he was received at the airport by Ambassador Masood
Published 26 Dec, 2017 12:00am
$-PKR parity: Indus Motor raises prices of different cars
Exchange

$-PKR parity: Indus Motor raises prices of different cars

Indus Motor Company (IMC) has increased prices of its different variants from Rs 50,000 to Rs 60,000 with immediate effect to offset dollar-rupee increasing difference. Likewise, two other local car assemblers, ie, Honda Atlas and Suzuki Motors Pakistan a
Published 26 Dec, 2017 12:00am
Six killed in IS-claimed suicide attack near Afghan spy agency

Six killed in IS-claimed suicide attack near Afghan spy agency

A suicide bomber killed six civilians in an attack near an Afghan intelligence agency compound in Kabul Monday in the latest assault claimed by the Islamic State group in the capital. The attacker struck as workers were arriving at the offices of the Nati
Published 26 Dec, 2017 12:00am
Next six-nation speakers' moot to be held in Tehran
Exchange

Next six-nation speakers' moot to be held in Tehran

The six-nation Speakers Conference concluded in Islamabad with adoption of the declaration of partnership for regional peace, development and connectivity. It agreed to hold the next meeting in Tehran, Iran, next year.
Published 26 Dec, 2017 12:00am
Sushma wants release of elderly, mentally ill prisoners

Sushma wants release of elderly, mentally ill prisoners

India has proposed to Pakistan to "release all prisoners who are above 70 years of age, are women, or are of unsound mind," said a source. External Affairs Minister Sushma Swaraj during meeting with Pakistan's High Commissioner to India, Sohail Mehmood, d
Published 26 Dec, 2017 12:00am
Real estate: degree of regulation remains inadequate: CCP

Real estate: degree of regulation remains inadequate: CCP

The Competition Commission of Pakistan (CCP) has observed that the degree of regulation in real estate market remains inadequate to the extent that bogus housing schemes and deceptive marketing practices continue to harm growth in real estate sector, ulti
Published 26 Dec, 2017 12:00am
NTS teachers baton-charged, arrested

NTS teachers baton-charged, arrested

Police baton-charged and tear gassed and also arrested many NTS-passed teachers staging a protest demonstration outside the Karachi Press Club demanding getting their services regularized. The protesting teachers had announced to proceed to Chief Minister
Published 26 Dec, 2017 12:00am
Christians are proud, praiseworthy citizens: Marriyum

Christians are proud, praiseworthy citizens: Marriyum

Minister of State for Information, Broadcasting, National History and Literary Heritage Marriyum in her message on the eve of X-Mas has said that the members of Christian community were proud and praiseworthy citizens of Pakistan.
Published 26 Dec, 2017 12:00am
Army Chief joins Christmas celebrations

Army Chief joins Christmas celebrations

Chief of Army Staff, General Qamar Javed Bajwa joined Christian community at Christ Church, Rawalpindi to take part in Christmas celebrations.
Published 26 Dec, 2017 12:00am
Army Chief joins Christmas celebrations

Army Chief joins Christmas celebrations

Chief of Army Staff, General Qamar Javed Bajwa joined Christian community at Christ Church, Rawalpindi to take part in Christmas celebrations.
Published 26 Dec, 2017 12:00am
FIPI outflows continue

FIPI outflows continue

The outflows of foreign investors' portfolio investment (FIPI) from Pakistan capital market continued due to concerns of offshore participants over various issues. Foreign investors remained on the selling side during the current calendar year and withdre
Published 26 Dec, 2017 12:00am
FIPI outflows continue

FIPI outflows continue

The outflows of foreign investors' portfolio investment (FIPI) from Pakistan capital market continued due to concerns of offshore participants over various issues. Foreign investors remained on the selling side during the current calendar year and withdre
Published 26 Dec, 2017 12:00am
FIPI outflows continue

FIPI outflows continue

The outflows of foreign investors'' portfolio investment (FIPI) from Pakistan capital market continued due to concerns of offshore participants over various issues. Foreign investors remained on the selling side during the current calendar year and withdr
Published 26 Dec, 2017 12:00am
SBP to set up Credit Guarantee Company for SMEs

SBP to set up Credit Guarantee Company for SMEs

State Bank of Pakistan (SBP) has decided to establish credit guarantee company for SMEs and the Centre of Excellence for SME banking & finance for promotion of SMEs finance in the country. SBP, in its Policy for Promotion of SME Finance, has also urged fo
Published 26 Dec, 2017 12:00am
SBP to set up Credit Guarantee Company for SMEs

SBP to set up Credit Guarantee Company for SMEs

State Bank of Pakistan (SBP) has decided to establish credit guarantee company for SMEs and the Centre of Excellence for SME banking & finance for promotion of SMEs finance in the country. SBP, in its Policy for Promotion of SME Finance, has also urged fo
Published 26 Dec, 2017 12:00am
SBP to set up Credit Guarantee Company for SMEs

SBP to set up Credit Guarantee Company for SMEs

State Bank of Pakistan (SBP) has decided to establish credit guarantee company for SMEs and the Centre of Excellence for SME banking & finance for promotion of SMEs finance in the country. SBP, in its Policy for Promotion of SME Finance, has also urged fo
Published 26 Dec, 2017 12:00am
Mideast needs two-state solution, says Pope

Mideast needs two-state solution, says Pope

Pope Francis used his Christmas message on Monday to call for a negotiated two-state solution to end the Israeli-Palestinian conflict, after US President Donald Trump stoked regional tensions with his recognition of Jerusalem as Israel's capital.
Published 26 Dec, 2017 12:00am
Mideast needs two-state solution, says Pope

Mideast needs two-state solution, says Pope

Pope Francis used his Christmas message on Monday to call for a negotiated two-state solution to end the Israeli-Palestinian conflict, after US President Donald Trump stoked regional tensions with his recognition of Jerusalem as Israel's capital.
Published 26 Dec, 2017 12:00am
Issue decided by FTO: ATIR stopped from rendering judgment

Issue decided by FTO: ATIR stopped from rendering judgment

Islamabad High Court (IHC) has ruled that Appellate Tribunal Inland Revenue (ATIR) is effectively estopped from rendering judgment on any similar issue decided or investigated by Federal Tax Ombudsman (FTO) as per the bar contained in Section 18 of Federa
Published 26 Dec, 2017 12:00am
Issue decided by FTO: ATIR stopped from rendering judgment

Issue decided by FTO: ATIR stopped from rendering judgment

Islamabad High Court (IHC) has ruled that Appellate Tribunal Inland Revenue (ATIR) is effectively estopped from rendering judgment on any similar issue decided or investigated by Federal Tax Ombudsman (FTO) as per the bar contained in Section 18 of Federa
Published 26 Dec, 2017 12:00am
Issue decided by FTO: ATIR stopped from rendering judgment

Issue decided by FTO: ATIR stopped from rendering judgment

Islamabad High Court (IHC) has ruled that Appellate Tribunal Inland Revenue (ATIR) is effectively estopped from rendering judgment on any similar issue decided or investigated by Federal Tax Ombudsman (FTO) as per the bar contained in Section 18 of Federa
Published 26 Dec, 2017 12:00am
Driver rams German party headquarters in apparent suicide bid

Driver rams German party headquarters in apparent suicide bid

A man drove a car at the entrance of the Berlin headquarters of Germany's Social Democratic Party (SPD) late on Sunday evening, lightly injuring himself, later telling police that he had intended to commit suicide. Police said the car, which crashed throu
Published 26 Dec, 2017 12:00am
Driver rams German party headquarters in apparent suicide bid

Driver rams German party headquarters in apparent suicide bid

A man drove a car at the entrance of the Berlin headquarters of Germany's Social Democratic Party (SPD) late on Sunday evening, lightly injuring himself, later telling police that he had intended to commit suicide. Police said the car, which crashed throu
Published 26 Dec, 2017 12:00am
Worsening C/A deficit
Exchange

Worsening C/A deficit

It is unfortunate that current account (C/A) balance of the country is deteriorating almost consistently. According to the latest data released by the State Bank on 20th December, 2017, current account deficit has surged by 91 percent or dollar 3.059 bill
Published 26 Dec, 2017 12:00am
More stick than carrot

More stick than carrot

A war of words has broken out between our foreign office and US Vice President Mike Spence. The latter was on an unannounced visit to US troops in Afghanistan at Bagram base, and used the opportunity to meet Afghan President Ashraf Ghani and Chief Executi
Published 26 Dec, 2017 12:00am
Fragile balance of payments
Currency

Fragile balance of payments

There is a growing perception today that we face an incipient financial crisis in our external transactions. Is this happening suddenly due to a 'shock' like a big jump in oil prices in previous crises of 2008 and 2013? The answer is an emphatic no. It is
Published 26 Dec, 2017 12:00am
Ruined lives

Ruined lives

Five bloggers, Salman Haider, Ahmed Waqas Goraya, Asim Saeed, Ahmed Raza Naseer and Samar Abbas were disappeared in January 2017 within days of each other. All five used social media to oppose religious intolerance and criticised the military for its alle
Published 26 Dec, 2017 12:00am
Christmas help as UK homelessness becomes 'national crisis'

Christmas help as UK homelessness becomes 'national crisis'

Volunteers at a drop-in centre in north London hand out food, healthcare and advice to homeless people as they do every Christmas - except that this year, the numbers needing help have reached crisis point. At a school emptied of children for the holidays
Published 26 Dec, 2017 12:00am
Clarification
Exchange

Clarification

There have been a number of queries about my estimate of external financing requirements of Pakistan at $32 billion. This figure has also been quoted with reference to me in an Editorial of the Business Recorder. This estimate was given by me was i
Published 26 Dec, 2017 12:00am
Sindh Governor, CM, Karachi mayor and others pay homage to the Quaid

Sindh Governor, CM, Karachi mayor and others pay homage to the Quaid

The 141th birth anniversary of the Father of the Nation-Quaid-e-Azam Muhammad Ali Jinnah was celebrated across the country amid national zest and fervour on Monday. The day began with special prayers for the prosperity of the country. The change-of-guards
Published 26 Dec, 2017 12:00am
Quaid's birth anniversary marked at HC in Dhaka

Quaid's birth anniversary marked at HC in Dhaka

Pakistan High Commission in Dhaka celebrated birth anniversary of Father of the Nation Quaid-e-Azam Muhammad Ali Jinnah on Monday, in the Chancery. The function was attended by Bangladesh nationals, Pakistani students and members of the official staff, sa
Published 26 Dec, 2017 12:00am
Condolence

Condolence

Sarmad Ali, President and Umar Mujib Shami Secretary General of the All Pakistan Newspapers Society have expressed their grief over the sad demise of Salahuddin Malik, elder brother of late Zahid Malik and uncle of Faisal Zahid Malik and Gohar Zahid Malik
Published 26 Dec, 2017 12:00am
Havelain-Thakot project: NHA revises land acquisition PC-I upward

Havelain-Thakot project: NHA revises land acquisition PC-I upward

National Highway Authority (NHA) has revised upward the land acquisition PC-1 of Havelain-Thakot, the early harvest project of China-Pakistan Economic Corridor (CPEC), by 86 per cent ie from the initial Rs 7.27 billion to Rs 13.25 billion. According to th
Published 26 Dec, 2017 12:00am
Mashaal questions India

Mashaal questions India

After Pakistan allowed Indian spy Kulbhushan Jadhav to meet his mother and wife on humanitarian grounds on Monday, the wife of detained Kashmiri leader Yasin Malik has taken a jibe at India for not allowing her and her daughter to meet Malik for the last
Published 26 Dec, 2017 12:00am
Shahbaz inaugurates Rs 20 billion first phase of PKLI

Shahbaz inaugurates Rs 20 billion first phase of PKLI

Punjab Chief Minister Shehbaz Sharif Monday said that objective of making Pakistan a great state cannot be achieved through sit-in, lockdown, allegations, leg-pulling and obstructing the development projects. "The country will become great by following th
Published 26 Dec, 2017 12:00am
PAF inaugurates new operational air base at Bholari

PAF inaugurates new operational air base at Bholari

In a landmark event in the history of PAF, the inauguration ceremony of a newly established main operating base named PAF Base Bholari was held Monday. To show reverence to the father of the nation, this landmark event has been arranged on his birth anniv
Published 26 Dec, 2017 12:00am
DFC, MTS: NCCPL proposes changes in Risk Management Regime
Exchange

DFC, MTS: NCCPL proposes changes in Risk Management Regime

On the recommendations of Task Force, National Clearing Company of Pakistan Limited (NCCPL) has proposed some changes in the Risk Management Regime of Deliverable Future Contract (DFC) and Margin Trading System (MTS). The task force was formed by the Secu
Published 26 Dec, 2017 12:00am
Professor Adeeb Rizvi hospitalized

Professor Adeeb Rizvi hospitalized

Professor Adeeb Rizvi, the pioneer of organ transplant surgery in the country and founding director of Sindh Institute of Urology and Transplantation (SIUT) under treatment for chest infection and influenza at high dependency unit, SIUT, for past three da
Published 26 Dec, 2017 12:00am
Nation celebrates Quaid's birth anniversary with national zeal

Nation celebrates Quaid's birth anniversary with national zeal

The 141st birth anniversary of Father of the Nation, Quaid-i-Azam Mohammad Ali Jinnah was celebrated with national zeal and enthusiasm. It was a public holiday Monday and national flag was hoisted atop all public and private buildings.
Published 26 Dec, 2017 12:00am
Quaid's speeches constitute: guidelines for all of us: Murad

Quaid's speeches constitute: guidelines for all of us: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that Quaid-e-Azam Mohammad Ali Jinnah was a great leader and his vision, wisdom and speeches are guidelines for all of us. This he said while talking to media at Mazar-e-Quaid on Monday.
Published 26 Dec, 2017 12:00am
Partly cloudy weather likely today

Partly cloudy weather likely today

The country's most parts are likely to remain under partly cloudy weather over the next 24 hours, the Met Office said on Monday. It also forecast a light rain with a light snowfall over the hills in parts of Malakand, Kalat and Quetta Divisions, besides U
Published 26 Dec, 2017 12:00am
Prosperity, development not possible without education: Ahsan

Prosperity, development not possible without education: Ahsan

Federal Minister for Interior Ahsan Iqbal has said the prosperity and development without education was impossible and great responsibilities rest on universities to impart quality education to students besides focusing on their character building. He was
Published 26 Dec, 2017 12:00am
PPP leader for increasing sugarcane rates

PPP leader for increasing sugarcane rates

Former federal minister and Pakistan People's Party (PPP) leader, Mohammad Khan Hoti has demanded of the government to immediately increase the rate of sugarcane as well as ensure to purchase by all sugar mills from the farmers on the government fixed rat
Published 26 Dec, 2017 12:00am
Pak-Turkish-Iranian entrepreneurship nexus proposed at Mashad

Pak-Turkish-Iranian entrepreneurship nexus proposed at Mashad

Firdosi University Mashad Iran hosted Entrepreneurship 2017 with Science Tech+, Code, Khorasan Science and Technology Park and other organizations as organizers. The soft spoken Mayor of Mashad, Head of Khorasan Science and Technology Park and senior acad
Published 26 Dec, 2017 12:00am
PSQCA, UoP to promote need-based standardization, quality control

PSQCA, UoP to promote need-based standardization, quality control

The Pakistan Standards and Quality Control Authority (PSQCA) and the Directorate of Quality Enhancement, University of Peshawar (UoP) have signed an agreement to promote need-based standardization as well as quality control assurance of the educational pr
Published 26 Dec, 2017 12:00am
KP, Fata: Christmas celebrated with religious zeal

KP, Fata: Christmas celebrated with religious zeal

Amid tight security, Christian community on Monday celebrated the Christmas festivity with religious zeal and traditional fervour across the Khyber Pakhtunkhwa and Fata. special services were held in churches in the city and other parts of the province, w
Published 26 Dec, 2017 12:00am
LGH establishes temporary hospital

LGH establishes temporary hospital

Lahore General Hospital has established a temporary hospital PKLI in Shahbaz Sharif Zacha Bacha Centre at Badiaan Road with all the modern and basic medical facilities to meet any untoward situation. While talking to the inaugural ceremony, Principal Post
Published 26 Dec, 2017 12:00am
Appointment of competent CEO for EZDMC demanded

Appointment of competent CEO for EZDMC demanded

In a joint statement issued here on Monday, the former president of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Haji Ghulam Ali, Vice President, FPCCI, Rasheed Paracha, former vice president FPCCI, Riaz Khattak, President Chitral
Published 26 Dec, 2017 12:00am
Two killed in Quetta

Two killed in Quetta

Two people were killed when some unidentified persons opened fire at a car in Quetta on late Sunday night. According to security sources, the firing incident occurred in Zarghoonabad area of Nawan Kali in Quetta in which 20-year-old Sajawal and 18-year-ol
Published 26 Dec, 2017 12:00am
Body formed to remove obstacles towards rice export growth

Body formed to remove obstacles towards rice export growth

Ministry of Commerce & Textile has constituted a five member committee, with Shaza Fatima Khawaja, Parliamentary Secretary for Commerce & Textile as its chairperson, to dilate upon the issues confronting the rice export growth and suggest the way out.
Published 26 Dec, 2017 12:00am
PML-Q to attend PAT's APC on December 30
Exchange

PML-Q to attend PAT's APC on December 30

Pakistan Muslim League-Q (PML-Q) stands shoulder to shoulder with the Pakistan Awami Tehreek (PAT) in its struggle for provision of justice in Model Town killings and would participate in PAT-sponsored all parties conference (APC) scheduled for December 3
Published 26 Dec, 2017 12:00am
JI chief criticises ruling parties

JI chief criticises ruling parties

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that the rulers themselves were the biggest hurdle in the establishment of Pakistan according to the Quaid e Azam's vision. Talking to different delegations at Mansoora on the Quaid's birthday, he sa
Published 26 Dec, 2017 12:00am
CarFirst planning to expand purchase centres

CarFirst planning to expand purchase centres

Encouraged with the results, CarFirst, online platform to connect the used cars sellers and dealers, is planning to expand its presence especially in Karachi by increasing the number of its purchase centres from existing six to 14 in the next calendar yea
Published 26 Dec, 2017 12:00am
USCG hails 'excellent' display of youth potential at Robotics Expo

USCG hails 'excellent' display of youth potential at Robotics Expo

The Information Technology University (ITU) Punjab's 7th Robotics Expo is excellent display of youth potential in innovative technological solutions. Elizabeth K Trudeau, Consul General US Lahore said while addressing the participants of the expo.
Published 26 Dec, 2017 12:00am
Fesco using SMS facility to provide information about meters

Fesco using SMS facility to provide information about meters

Over 2.6 million customers of Faisalabad Electric Supply Company (FESCO) are getting information about their meter reading through Short Message Service (SMS) on their mobile phones after becoming part of FESCO network. In this connection, FESCO administr
Published 26 Dec, 2017 12:00am
PML-N celebrates Nawaz's birthday

PML-N celebrates Nawaz's birthday

The Pakistan Muslim League-Nawaz (PML-N) Monday celebrated the 68th birthday of the party head Nawaz Sharif by organizing a function at the party's Naseerabad office in Lahore. Nawaz Sharif was born on December 25, 1949. Among others, the provincial minis
Published 26 Dec, 2017 12:00am
Lesco CEO pledges 20 grid stations before next summer

Lesco CEO pledges 20 grid stations before next summer

Chief Executive Officer (CEO) LESCO Syed Wajid Ali Kazmi has said that the Company will put in place 20 grid stations throughout the region before next summer. He said the Company has added 14 grid stations to the system till date. "New 500 Kv grid statio
Published 26 Dec, 2017 12:00am
Rs 31 million foreign currency confiscated in 2017
Currency

Rs 31 million foreign currency confiscated in 2017

Customs department confiscated foreign currency worth over Rs 31 million during the calendar year 2017, said sources. According to the details, the confiscated amount included $261,000, 28000 Japanese Yen, 15000 UK Pounds and other currencies. The confisc
Published 26 Dec, 2017 12:00am
Lahore: Christmas celebrated amid stringent security

Lahore: Christmas celebrated amid stringent security

Like other parts of the country, the Christian community on Monday celebrated the Christmas with great zeal and fervour in the provincial metropolis amidst stringent security measures taken by the law enforcement agencies (LEAs).
Published 26 Dec, 2017 12:00am
PML-N waging a just struggle for supremacy of Constitution: Saad

PML-N waging a just struggle for supremacy of Constitution: Saad

Pakistan Muslim League-Nawaz (PML-N) senior leader on Monday said they are waging a just struggle for the supremacy of the Constitution and rule of law. "Time has come to make joint efforts for the resolution of issues faced by the country," he said while
Published 26 Dec, 2017 12:00am
Oilseed campaign in full swing: PAD

Oilseed campaign in full swing: PAD

Spokesman of Agriculture Department has said that department is using its all resources to motivate growers for the cultivation of Sunflower. This campaign will prove a milestone to reduce country's import bill on oilseed because Sunflower contain more th
Published 26 Dec, 2017 12:00am
Shahrah-e-Quaid-e-Azam: SED scouts regulate traffic

Shahrah-e-Quaid-e-Azam: SED scouts regulate traffic

On the directions of Provincial Secretary Schools Education Dr Allah Bakhsh Malik, a smartly turned out contingent of scouts of a public sector school of Model Town performed the duties of traffic wardens and managed the flow of traffic at Shahrah-e-Quaid
Published 26 Dec, 2017 12:00am
Pakistan Gums and Chemicals

Pakistan Gums and Chemicals

Incorporated in 1982, Pakistan Gums and Chemicals (PakChem) is among the largest producers of guar gum in Pakistan and the only public limited company in Pakistan's guar industry listed on PSX. It is an export based company with customers located in North
Published 26 Dec, 2017 12:00am
Pakistan Gums and Chemicals

Pakistan Gums and Chemicals

Incorporated in 1982, Pakistan Gums and Chemicals (PakChem) is among the largest producers of guar gum in Pakistan and the only public limited company in Pakistan's guar industry listed on PSX. It is an export based company with customers located in North
Published 26 Dec, 2017 12:00am
War against terrorism: PM heaps praise on young people of FATA

War against terrorism: PM heaps praise on young people of FATA

Prime Minister Shahid Khaqan Abbasi said on Monday that the young people of Federally Administered Tribal Areas have given countless sacrifices in the war against terrorism. "This is sad that resources haven't been distributed among people in FATA," he sa
Published 26 Dec, 2017 12:00am
Promise to end loadshedding across country fulfilled: Marriyum

Promise to end loadshedding across country fulfilled: Marriyum

State Minister for Information Marriyum Aurangzeb said on Monday the government has fulfilled the promise to end load-shedding across the country, saying that the country is now producing surplus electricity. While addressing a cake-cutting ceremony in co
Published 26 Dec, 2017 12:00am
Economic round-up: July-November FY18
Cotton

Economic round-up: July-November FY18

Economic performance during July-November is a good basis to assess how the economy would fair during the fiscal year. We give a round-up of this performance across the key sub-sectors of the economy. [All comparisons are for July-November FY18 versus Jul
Published 26 Dec, 2017 12:00am
Turkey rejects impunity claims over controversial decree

Turkey rejects impunity claims over controversial decree

The Turkish government on Monday rejected accusations that an emergency decree would shield pro-government supporters from legal action if they commit violence. The decree, issued on Sunday under the current state of emergency, said civilians would not fa
Published 26 Dec, 2017 12:00am
Turkish lawyers say decree grants impunity for political violence

Turkish lawyers say decree grants impunity for political violence

A new emergency decree in Turkey could allow vigilantes to carry out political violence with impunity against opponents of the government suspected of involvement in last year's coup attempt, Turkey's main lawyers' groups said on Monday. The government de
Published 26 Dec, 2017 12:00am
Saudi police find body of kidnapped judge

Saudi police find body of kidnapped judge

Saudi police have recovered the body of a kidnapped pro-government Shia judge after a shootout in which a policeman and a suspected militant were killed, the interior ministry said Monday. The remains of Judge Mohammed al-Jirani were found on a farm in th
Published 26 Dec, 2017 12:00am
Bus drives into pedestrian underpass in Moscow, kills four

Bus drives into pedestrian underpass in Moscow, kills four

A passenger bus swerved off course and drove into a busy pedestrian underpass in Moscow on Monday, killing at least four people, Russian news agencies reported. Video from the scene posted on social media showed a bus veering off the road and plunging dow
Published 26 Dec, 2017 12:00am
Iran confirms upholding death sentence for academic over spying

Iran confirms upholding death sentence for academic over spying

Iran's Supreme Court has upheld a death sentence against a Sweden-based Iranian academic convicted of spying for Israel, the Tehran prosecutor was quoted as saying on Monday, confirming reports by Amnesty International and his family. Ahmadreza Djalali, a
Published 26 Dec, 2017 12:00am
Bahraini military court convicts six to death on terror charges

Bahraini military court convicts six to death on terror charges

A Bahraini military court sentenced six Shia Muslim men to death and revoked their citizenship after they were convicted on charges of forming a terrorist cell and plotting to assassinate a military official, Bahrain news agency BNA reported on Monday. Th
Published 26 Dec, 2017 12:00am
Dozens killed in fresh Yemen air strikes, clashes

Dozens killed in fresh Yemen air strikes, clashes

Fresh air strikes and clashes in Yemen have killed over 60 fighters as Saudi-backed pro-government forces push an offensive against Huthi rebels, security and medical sources said Monday. Saudi-led coalition air raids overnight killed at least 18 of the I
Published 26 Dec, 2017 12:00am
Queen Elizabeth praises British spirit in Christmas address

Queen Elizabeth praises British spirit in Christmas address

Britain's Queen Elizabeth praised the resilience of London and Manchester after "appalling attacks", in a Christmas message that also paid tribute to her husband, Prince Philip, who retired from regular royal duties this year.
Published 26 Dec, 2017 12:00am
Putin critic Navalny barred from presidential election
Exchange

Putin critic Navalny barred from presidential election

Russian opposition leader Alexei Navalny was barred on Monday from running in next year's presidential election after officials ruled he was ineligible to take part due to a suspended prison sentence he says was trumped up. The decision by the central ele
Published 26 Dec, 2017 12:00am
Following Trump, Guatemala to move embassy to Jerusalem

Following Trump, Guatemala to move embassy to Jerusalem

Guatemala is to move its embassy in Israel to Jerusalem, President Jimmy Morales has announced, following US President Donald Trump's controversial decision on the holy city. After speaking with Israeli Prime Minister Benjamin Netanyahu, Morales messaged
Published 26 Dec, 2017 12:00am
Du Plessis doubtful for Zimbabwe Test

Du Plessis doubtful for Zimbabwe Test

Captain Faf du Plessis is a doubt to start South Africa's one-off day-night Test against Zimbabwe, starting at St George's Park on Tuesday. Du Plessis has not played since suffering a back injury during a one-day international against Bangladesh in Octobe
Published 26 Dec, 2017 12:00am
Salah determined to win titles at Liverpool

Salah determined to win titles at Liverpool

Egyptian forward Mohamed Salah said on Monday he hopes he can help Liverpool end a five-year wait for silverware after making a blistering start to life at Anfield. The 25-year-old - who joined from Italian club Roma in the close season - has scored 21 go
Published 26 Dec, 2017 12:00am
Klopp tells Liverpool to focus on Euro ambitions

Klopp tells Liverpool to focus on Euro ambitions

Jurgen Klopp has urged Liverpool to stay motivated to reach their target of a place in next season's Champions League by the end of the season. Klopp has acknowledged ahead of Liverpool's clash with bottom side Swansea at Anfield on Tuesday that a Premier
Published 26 Dec, 2017 12:00am
Newage defeat Army in 'SBL Open Polo'

Newage defeat Army in 'SBL Open Polo'

Three goals by Ahmed Ali Tiwana helped Newage defeat Army by 4-3 in the Samba Bank Lahore (SBL) Open Polo Championship 2017 match played here at the Lahore Polo Club (LPC) ground on Monday. Besides Ahmed Ali's tremendous three goals, Adnan Jalil Azam stru
Published 26 Dec, 2017 12:00am
Youth Sports Festival begins

Youth Sports Festival begins

Prime Minister Shahid Khaqan Abbasi inaugurated 3rd Governor KP FATA Youth Sports Festival at Tehsil Jamrud Sports Complex, Khyber Agency on Monday.
Published 26 Dec, 2017 12:00am
Wapda wins 50th 'National Volleyball Championship'

Wapda wins 50th 'National Volleyball Championship'

While successfully defending their title, the Pakistan Water and Power Development Authority (Wapda) won 50th National Men's Volleyball Championship held at POF Sports Complex Wah Cantt. Wapda defeated Navy 3-1 in the final of the Championship. With this
Published 26 Dec, 2017 12:00am
Bird confirmed to play for Australia

Bird confirmed to play for Australia

Skipper Steve Smith has confirmed paceman Jackson Bird will replace Mitchell Starc in Australia's team for the fourth Ashes Test against England starting in Melbourne on Tuesday. Smith also admitted he still had pain in his right hand after being struck i
Published 26 Dec, 2017 12:00am
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