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Archive - 2018-01-01
Saudi Arabia hikes gasoline prices
Front Top News

Saudi Arabia hikes gasoline prices

DUBAI: Saudi Arabia was set to raise local gasoline prices on Monday, state news agency SPA reported. The initiative,
Published 01 Jan, 2018 07:14pm
Hopman Cup scores
Sports

Hopman Cup scores

PERTH: Scores from the Hopman Cup mixed teams tournament in Perth on Monday: Group A Germany bt Belgium 2-1 Wom
Published 01 Jan, 2018 07:08pm
Stokes given nod to play in IPL
Cricket

Stokes given nod to play in IPL

LONDON: England all-rounder Ben Stokes will be eligible to play in the Indian Premier League despite still waiting to he
Published 01 Jan, 2018 07:02pm
Trump threatens to cut Pakistan aid
Pakistan Top News

Trump threatens to cut Pakistan aid

WASHINGTON: President Donald Trump suggested Monday he would cut off foreign aid to Pakistan, accusing Islamabad of harb
Published 01 Jan, 2018 04:26pm
Trump says 'time for change' in Iran
Front Top News

Trump says 'time for change' in Iran

WASHINGTON: US President Donald Trump said Monday it was "time for change" in Iran and that the country's people wer
Published 01 Jan, 2018 03:27pm
PSX: A year (not) to forget
Stocks

PSX: A year (not) to forget

The KSE-100 index saw its worst annual returns since 2008. On the other hand, it was the best year for Asian markets sin
Published 01 Jan, 2018 08:21am
Bitcoin Bingo
Telecommunication

Bitcoin Bingo

Among its other consequences, the rise and fall of bitcoin's value in recent weeks has at least gotten people talking ab
Published 01 Jan, 2018 08:14am
Times Square on New Year's Eve
Featured Photos

Times Square on New Year's Eve

Fireworks explode in Times Square on New Year's Eve on January 1, 2018 in New York City.
Published 01 Jan, 2018 06:36am
Qatar Open kicks off 2018 season without big stars

Qatar Open kicks off 2018 season without big stars

One of the season's traditional curtain-raisers, the Qatar Open, begins Monday but with the late withdrawal of Novak Djokovic the tournament is shorn of its usual A-list headline acts. Djokovic, the champion in Doha for the past two years, pulled out on S
Published 01 Jan, 2018 12:00am
German lawmaker blasts EU for opposing Niki sale to Lufthansa

German lawmaker blasts EU for opposing Niki sale to Lufthansa

The German government will probably lose a 150 million-euro government-backed loan to insolvent Air Berlin because the European Union opposed Lufthansa's purchase of Air Berlin's Austrian unit, Niki, a senior member of Chancellor Angela Merkel's conservat
Published 01 Jan, 2018 12:00am
Singapore's economy up 3.5 percent in 2017

Singapore's economy up 3.5 percent in 2017

Singapore's economy grew 3.5 percent in 2017 on the back of improved productivity as well as a pick-up in the global economy, Prime Minister Lee Hsien Loong said on Sunday. Singapore's trade-reliant economy has enjoyed a boost this year from an improvemen
Published 01 Jan, 2018 12:00am
Singapore bar offers bitcoin New Year party package
Exchange

Singapore bar offers bitcoin New Year party package

A Singapore bar that bills itself as the world's highest cryptocurrency club is offering a New Year's Eve package that includes a limousine pick-up and butler service - but it'll cost you a whole bitcoin. Skyline, on the 45th floor of a skyscraper overloo
Published 01 Jan, 2018 12:00am
Chinese ban on ivory sales goes into effect

Chinese ban on ivory sales goes into effect

China's complete ban on ivory trade went into effect Sunday, officials said, a major step forward in Beijing's efforts to rein in what was once the world's largest market for illegal ivory. "From today... the buying and selling of elephant ivory and goods
Published 01 Jan, 2018 12:00am
Tunisia raises fuel prices in push to reduce deficit

Tunisia raises fuel prices in push to reduce deficit

Tunisia announced on Sunday the second increase in fuel prices in six months, raising the price of petrol by 2.85 percent as the government tries to rein in the budget deficit. The price of a litre of gasoline will rise from 1.75 dinars to 1.8 dinars from
Published 01 Jan, 2018 12:00am
China's factory growth eases in December

China's factory growth eases in December

Growth in China's manufacturing sector slowed slightly in December as a punishing crackdown on air pollution and a cooling property market start to weigh on the world's second-largest economy. The data support the view that the economy is beginning to gra
Published 01 Jan, 2018 12:00am
Trade minister vows easier market access for foreign investors

Trade minister vows easier market access for foreign investors

China will make it easier for foreign investors to access the country, protect their rights and ensure a fair and transparent investment environment, Trade Minister Zhong Shan said in comments published on Sunday. Writing in the latest issue of Communist
Published 01 Jan, 2018 12:00am
Israel economy slows to three percent growth in 2017 on weaker spending

Israel economy slows to three percent growth in 2017 on weaker spending

Israel's economic growth slowed in 2017 to 3 percent due to weaker consumer spending and investment, provisional data showed on Sunday, although a slight pickup is expected in 2018. The provisional estimate from the Central Bureau of Statistics was based
Published 01 Jan, 2018 12:00am
Mitsubishi says on track to deliver long-delayed jets by 2020

Mitsubishi says on track to deliver long-delayed jets by 2020

Japan's Mitsubishi Heavy Industries Ltd is on track to deliver its repeatedly delayed commercial jet by mid-2020, the head of its aircraft unit said, despite a risk of an order cancellation. The Mitsubishi Regional Jet (MRJ) aircraft has been delayed five
Published 01 Jan, 2018 12:00am
UBS eyes rollout of online wealth management service

UBS eyes rollout of online wealth management service

UBS, the world's biggest private bank, is considering rolling out its online investment platform worldwide after a successful trial in Britain, a senior manager of its wealth management business said. SmartWealth, which launched in Britain this year, prov
Published 01 Jan, 2018 12:00am
China to suspend some car production over fuel consumption standards

China to suspend some car production over fuel consumption standards

China will suspend the production of 553 passenger vehicle models that have failed to meet the government's fuel consumption standards, state news agency Xinhua said on Sunday. The suspension will take effect from January 1, Xinhua said, citing the China
Published 01 Jan, 2018 12:00am
Albania's GDP expands 3.55 percent

Albania's GDP expands 3.55 percent

Albania's gross domestic product expanded 3.55 percent in the third quarter over the same period in 2016, thanks to rising trade, transport and tourism, the Statistics Institute said on Friday. GDP growth for the first nine months of 2017 stands at 3.87 p
Published 01 Jan, 2018 12:00am
Philippines plans to raise $1 billion via global bonds in 2018

Philippines plans to raise $1 billion via global bonds in 2018

The Philippines plans to issue $1 billion in sovereign bonds to help finance next year's record budget, National Treasurer Rosalia de Leon said. Borrowing from both domestic and foreign sources was expected to reach a total 888 billion pesos ($17.45 billi
Published 01 Jan, 2018 12:00am
Philippines plans to raise $1 billion via global bonds in 2018

Philippines plans to raise $1 billion via global bonds in 2018

The Philippines plans to issue $1 billion in sovereign bonds to help finance next year's record budget, National Treasurer Rosalia de Leon said. Borrowing from both domestic and foreign sources was expected to reach a total 888 billion pesos ($17.45 billi
Published 01 Jan, 2018 12:00am
Egypt will choose 4-5 banks to arrange next Eurobonds issuance

Egypt will choose 4-5 banks to arrange next Eurobonds issuance

Egypt will choose four to five international banks to arrange its next dollar-denominated Eurobond issuance, Finance Minister Amr El-Garhy told Reuters on Tuesday. "Egypt will conduct a short roadshow to promote the Eurobonds issuance in January," he said
Published 01 Jan, 2018 12:00am
Egypt will choose 4-5 banks to arrange next Eurobonds issuance

Egypt will choose 4-5 banks to arrange next Eurobonds issuance

Egypt will choose four to five international banks to arrange its next dollar-denominated Eurobond issuance, Finance Minister Amr El-Garhy told Reuters on Tuesday. "Egypt will conduct a short roadshow to promote the Eurobonds issuance in January," he said
Published 01 Jan, 2018 12:00am
Emerging stocks, currencies enjoy best year since 2009
Currency

Emerging stocks, currencies enjoy best year since 2009

Robust economic growth, a soft dollar and subdued borrowing costs helped emerging stocks race towards the 2017 finishing line on Friday as the year's best performing asset class, while many currencies also looked back on solid gains. MSCI's emerging equit
Published 01 Jan, 2018 12:00am
Emerging stocks, currencies enjoy best year since 2009
Currency

Emerging stocks, currencies enjoy best year since 2009

Robust economic growth, a soft dollar and subdued borrowing costs helped emerging stocks race towards the 2017 finishing line on Friday as the year's best performing asset class, while many currencies also looked back on solid gains. MSCI's emerging equit
Published 01 Jan, 2018 12:00am
South Africa's rand, stocks end 2017 on high note
Currency

South Africa's rand, stocks end 2017 on high note

South Africa's rand was firmer on Friday, the last trading day of the year, as continued volatility in low liquidity conditions saw the currency touch and then retreat from levels near its 2-1/2 year best. At 1100 GMT the rand was 0.8 percent firmer at 12
Published 01 Jan, 2018 12:00am
India likens crypto cash to Ponzi schemes
Currency

India likens crypto cash to Ponzi schemes

India warned Friday against investing in cryptocurrencies including bitcoin, likening them to "Ponzi schemes", as it became the latest country to urge caution. Despite a boom in trade that has seen prices soar, cryptocurrencies "don't have intrinsic value
Published 01 Jan, 2018 12:00am
China's money rates jump to highest since 2013 cash crunch

China's money rates jump to highest since 2013 cash crunch

China's primary money rates surged to their highest level in 4-1/2 years on the last trading day of the year, as liquidity remained tight with the central bank refraining from injecting any fresh funds into market for the sixth straight day. Friday marks
Published 01 Jan, 2018 12:00am
Ghana Stock Exchange says three firms on delisting watch list
Exchange

Ghana Stock Exchange says three firms on delisting watch list

The Ghana Stock Exchange (GSE) has put on its watch list three distressed companies including Cocoa Processing Company (CPC) for possible delisting if their financials do not improve by the end of May, the exchange said on Wednesday. State-run CPC, known
Published 01 Jan, 2018 12:00am
Gulf underperforms in 2017, has reason to expect better 2018

Gulf underperforms in 2017, has reason to expect better 2018

Middle Eastern stock markets far underperformed the rest of the world in 2017 but as the year ended, beaten-down valuations for shares and plans for higher government spending gave investors reason to expect a better 2018. Egypt's stock index surged 21.7
Published 01 Jan, 2018 12:00am
Hyundai Heavy Group to list Oilbank, issue $1.2 billion rights shares

Hyundai Heavy Group to list Oilbank, issue $1.2 billion rights shares

South Korea's Hyundai Heavy Industries Group plans to list its refining arm Hyundai Oilbank in an IPO in 2018 and raise about $1.2 billion via a share issue by shipbuilder Hyundai Heavy Industries, in a move to bolster its finances. Hyundai Heavy Industri
Published 01 Jan, 2018 12:00am
Hyundai Heavy Group to list Oilbank, issue $1.2 billion rights shares

Hyundai Heavy Group to list Oilbank, issue $1.2 billion rights shares

South Korea's Hyundai Heavy Industries Group plans to list its refining arm Hyundai Oilbank in an IPO in 2018 and raise about $1.2 billion via a share issue by shipbuilder Hyundai Heavy Industries, in a move to bolster its finances. Hyundai Heavy Industri
Published 01 Jan, 2018 12:00am
Demand soars for Russian bond issue seen aiding repatriation

Demand soars for Russian bond issue seen aiding repatriation

Demand has soared for a planned Eurobond that sources said is meant to help Russians bring money back home in a way that would protect them from being damaged by potential new sanctions. Initial bids for the Russian sovereign Eurobonds, due to be issued n
Published 01 Jan, 2018 12:00am
Demand soars for Russian bond issue seen aiding repatriation

Demand soars for Russian bond issue seen aiding repatriation

Demand has soared for a planned Eurobond that sources said is meant to help Russians bring money back home in a way that would protect them from being damaged by potential new sanctions. Initial bids for the Russian sovereign Eurobonds, due to be issued n
Published 01 Jan, 2018 12:00am
SoftBank succeeds in tender offer for Uber shares

SoftBank succeeds in tender offer for Uber shares

A consortium led by SoftBank Group Corp will buy a large number of shares of Uber Technologies Inc in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, in a victory for new Chief Executive Dara Khosrowshahi. The price is a r
Published 01 Jan, 2018 12:00am
SoftBank succeeds in tender offer for Uber shares

SoftBank succeeds in tender offer for Uber shares

A consortium led by SoftBank Group Corp will buy a large number of shares of Uber Technologies Inc in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, in a victory for new Chief Executive Dara Khosrowshahi. The price is a r
Published 01 Jan, 2018 12:00am
Boeing seen eyeing broad Embraer deal, but no firm proposal made

Boeing seen eyeing broad Embraer deal, but no firm proposal made

Boeing Co is eyeing a broad partnership with Embraer reaching beyond commercial aircraft to defence and global services, but its shape hinges on talks with the Brazilian government. The US aerospace group has yet to make a formal offer and its final struc
Published 01 Jan, 2018 12:00am
Glencore sells parts of oil storage to China's HNA, awaits US clearance

Glencore sells parts of oil storage to China's HNA, awaits US clearance

Swiss-based trading and mining giant Glencore Plc has partly completed the sale of a 51 percent stake in its storage and logistics businesses to a unit of China's HNA Group, although transfer of some assets is pending US clearance. Glencore in March agree
Published 01 Jan, 2018 12:00am
Barclays expects $1.3 billion writedown from US tax reform

Barclays expects $1.3 billion writedown from US tax reform

Barclays expects to take a writedown of about 1 billion pounds ($1.34 billion) on its annual post-tax profit as a result of the US tax overhaul, the bank said in a statement on Wednesday. The reform to the tax system signed into law by President Donald Tr
Published 01 Jan, 2018 12:00am
Reliance sells power unit to Adani to reduce debt
Exchange

Reliance sells power unit to Adani to reduce debt

India's Reliance Infrastructure, backed by tycoon Anil Ambani, announced on Thursday the sale of its power distribution business to billionaire Gautam Adani for nearly $3 billion, its latest effort to pare its debts. Reliance Infrastructure, part of the R
Published 01 Jan, 2018 12:00am
Facebook pulling 'disputed' flags from fake news
Kerb

Facebook pulling 'disputed' flags from fake news

Facebook said on December 21 it will stop flagging fake news as "disputed," opting instead to offer up contradictory stories containing facts that have been checked. The change comes as the leading online social network strives to stymie use of its platfo
Published 01 Jan, 2018 12:00am
Apple admits to slowing iPhones as batteries age

Apple admits to slowing iPhones as batteries age

Apple on December 21 confirmed what some conspiracy theorists suspected, that it intentionally slows performance of older iPhones as batteries weaken from age. The admission played into concerns that Apple was stealthily nudging iPhone users to upgrade to
Published 01 Jan, 2018 12:00am
College students come up with plug-in to combat fake news

College students come up with plug-in to combat fake news

A team of college students is getting attention from internet companies and Congress after developing a browser extension that alerts users to fake and biased news stories and helps guide them to more balanced coverage. The plug-in, "Open Mind," was devel
Published 01 Jan, 2018 12:00am
China regulator flags greater scrutiny on chips after price surge

China regulator flags greater scrutiny on chips after price surge

China's economic regulator is paying close attention to a recent surge in the price of mobile phone storage chips and could look into possible price fixing by the firms that make them, a senior official told the state-run China Daily newspaper. The newspa
Published 01 Jan, 2018 12:00am
Smart homes: not just for tech geeks anymore

Smart homes: not just for tech geeks anymore

Internet-connected lights, locks and laundry machines are close to becoming everyday household items, thanks in part to voice-activated speakers such as Amazon's Echo and Google Home. Market research groups are seeing increased sales of lights that turn o
Published 01 Jan, 2018 12:00am
How to keep your smartened-up home safe from hackers?

How to keep your smartened-up home safe from hackers?

More people are getting voice-activated speakers and other smart devices for convenience and security. But doing so could also be giving hackers a key to their homes. Many devices from reputable manufacturers have safeguards built in, but those can't guar
Published 01 Jan, 2018 12:00am
Christmas storm breaks records in US lakeside city

Christmas storm breaks records in US lakeside city

Dreams of a white Christmas have turned into a nightmare in the north-eastern US city of Erie after a storm dumped a record-breaking five feet (1.5 meters) of snow in a 48-hour period, forcing officials to declare an emergency. Residents took to social me
Published 01 Jan, 2018 12:00am
'Artificial pancreas' works during intense exercise

'Artificial pancreas' works during intense exercise

An "artificial pancreas" that monitors blood sugar and automatically delivers insulin may make it safer for teens with type 1 diabetes to participate in sports, a US study suggests. Researchers focused on a group of 32 teens with type 1 diabetes who parti
Published 01 Jan, 2018 12:00am
Vitamin D, calcium supplements may not lower fracture risk

Vitamin D, calcium supplements may not lower fracture risk

Older adults who take vitamin D and calcium are no less likely to break their hips or other bones than peers who don't use these supplements, a research review suggests. Researchers examined data from 33 previous trials with a total of more than 51,000 pe
Published 01 Jan, 2018 12:00am
Even brief exposure to low-level air pollution tied to deaths

Even brief exposure to low-level air pollution tied to deaths

Older adults are more likely to die on days when air pollution rises, even when contaminant levels are below the limit considered safe by US regulators, a new study suggests. Researchers looked at 22 million deaths nationwide to see if there was any conne
Published 01 Jan, 2018 12:00am
MRI scan safe for most people with older pacemakers

MRI scan safe for most people with older pacemakers

There's good news for people with pacemakers and the doctors who treat them. A new study reinforces earlier work suggesting that MRI scans are safe for patients with older devices, even if the MRI is focusing on the chest area. Until now, the sensitive el
Published 01 Jan, 2018 12:00am
Lead exposure during childhood tied to developmental issues

Lead exposure during childhood tied to developmental issues

Lead exposure during childhood has been tied to a variety of developmental problems, but a new study suggests it may not be associated with higher odds of criminal behaviour later in life. The study set out to address a flaw in much of the previous resear
Published 01 Jan, 2018 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 26 to 29, 2017).

Published 01 Jan, 2018 12:00am
The Weather

The Weather

The weather report on Sunday (December 31, 2017) and the forecast for Monday (January 01, 2018).

Published 01 Jan, 2018 12:00am
Rouhani rejects violence but vows 'space for criticism'
Currency

Rouhani rejects violence but vows 'space for criticism'

Iran's President Hassan Rouhani said Sunday that government bodies must provide "space for criticism" as he sought to head off days of unrest, but also warned protesters that violence was unacceptable. Hundreds of protesters marched through Tehran and oth
Published 01 Jan, 2018 12:00am
Rouhani rejects violence but vows 'space for criticism'
Currency

Rouhani rejects violence but vows 'space for criticism'

Iran's President Hassan Rouhani said Sunday that government bodies must provide "space for criticism" as he sought to head off days of unrest, but also warned protesters that violence was unacceptable. Hundreds of protesters marched through Tehran and oth
Published 01 Jan, 2018 12:00am
'News pertaining to Sharif-Janjua huddle is fake'

'News pertaining to Sharif-Janjua huddle is fake'

There had been no meeting between former Prime Minister Nawaz Sharif and National Security advisor Lt General Nasir Janjua (Rtd) three days back at former's residence in Jati Umra, Lahore, as reported in the national media.
Published 01 Jan, 2018 12:00am
Nawaz not negotiating any deal in KSA: spokesperson

Nawaz not negotiating any deal in KSA: spokesperson

A spokesperson for former Prime Minister Nawaz Sharif has contradicted a news report that Sharif is negotiating any deal with Saudi Arabia to avoid accountability. Terming the story 'unfounded', the spokesperson said that Nawaz Sharif is visiting the King
Published 01 Jan, 2018 12:00am
Nawaz not negotiating any deal in KSA: spokesperson

Nawaz not negotiating any deal in KSA: spokesperson

A spokesperson for former Prime Minister Nawaz Sharif has contradicted a news report that Sharif is negotiating any deal with Saudi Arabia to avoid accountability. Terming the story 'unfounded', the spokesperson said that Nawaz Sharif is visiting the King
Published 01 Jan, 2018 12:00am
Sydney extravaganza kicks off global New Year parties

Sydney extravaganza kicks off global New Year parties

Hong Kong saw in 2018 in spectacular style as the southern Chinese city staged a stunning fireworks display over its famous Victoria Harbour. Thousands thronged the harbourside to see the show illuminate the famous skyline as revellers danced to Auld Lang
Published 01 Jan, 2018 12:00am
Sydney extravaganza kicks off global New Year parties

Sydney extravaganza kicks off global New Year parties

Hong Kong saw in 2018 in spectacular style as the southern Chinese city staged a stunning fireworks display over its famous Victoria Harbour. Thousands thronged the harbourside to see the show illuminate the famous skyline as revellers danced to Auld Lang
Published 01 Jan, 2018 12:00am
THE RUPEE: positive end
Currency

THE RUPEE: positive end

The rupee posted modest gains against the dollar during the week, ended on December 30, 2017. The rupee picked up 20 paisas in relation to the dollar for buying and selling at Rs 110.50 and Rs 110.80. The rupee lost 90 paisas in terms of the euro for buyi
Published 01 Jan, 2018 12:00am
THE RUPEE: positive end
Currency

THE RUPEE: positive end

The rupee posted modest gains against the dollar during the week, ended on December 30, 2017. The rupee picked up 20 paisas in relation to the dollar for buying and selling at Rs 110.50 and Rs 110.80. The rupee lost 90 paisas in terms of the euro for buyi
Published 01 Jan, 2018 12:00am
Petroleum products' prices raised
Currency

Petroleum products' prices raised

The government has increased petroleum products' prices from Rs 3.96 per liter to Rs 6.74 per liter and stated that no tax amnesty scheme is under consideration. While announcing the increase in petroleum prices, advisor to Prime Minister on Finance Mifta
Published 01 Jan, 2018 12:00am
Petroleum products' prices raised
Currency

Petroleum products' prices raised

The government has increased petroleum products' prices from Rs 3.96 per liter to Rs 6.74 per liter and stated that no tax amnesty scheme is under consideration. While announcing the increase in petroleum prices, advisor to Prime Minister on Finance Mifta
Published 01 Jan, 2018 12:00am
Petroleum products'' prices raised
Currency

Petroleum products'' prices raised

The government has increased petroleum products'' prices from Rs 3.96 per liter to Rs 6.74 per liter and stated that no tax amnesty scheme is under consideration. While announcing the increase in petroleum prices, advisor to Prime Minister on Finance Mift
Published 01 Jan, 2018 12:00am
Make reforms while sun shines on world economy: Lagarde
Currency

Make reforms while sun shines on world economy: Lagarde

International Monetary Fund chief Christine Lagarde has urged France and other countries to push through reforms "while the sun is shining" on the global economy. In an interview with France's Le Journal du Dimanche published Sunday Lagarde said the stren
Published 01 Jan, 2018 12:00am
Make reforms while sun shines on world economy: Lagarde
Currency

Make reforms while sun shines on world economy: Lagarde

International Monetary Fund chief Christine Lagarde has urged France and other countries to push through reforms "while the sun is shining" on the global economy. In an interview with France's Le Journal du Dimanche published Sunday Lagarde said the stren
Published 01 Jan, 2018 12:00am
Make reforms while sun shines on world economy: Lagarde
Currency

Make reforms while sun shines on world economy: Lagarde

International Monetary Fund chief Christine Lagarde has urged France and other countries to push through reforms "while the sun is shining" on the global economy. In an interview with France''s Le Journal du Dimanche published Sunday Lagarde said the stre
Published 01 Jan, 2018 12:00am
Equities end on positive note
Mutual Funds

Equities end on positive note

Pakistan Stock Exchange witnessed positive trend during the outgoing week ended December 30, 2017 on the back of healthy buying in various sectors. BRIndex100 gained 103.gained 103.34 points on week-on-week basis to close at 4,294.90 points. Average daily
Published 01 Jan, 2018 12:00am
Equities end on positive note
Mutual Funds

Equities end on positive note

Pakistan Stock Exchange witnessed positive trend during the outgoing week ended December 30, 2017 on the back of healthy buying in various sectors. BRIndex100 gained 103.gained 103.34 points on week-on-week basis to close at 4,294.90 points. Average daily
Published 01 Jan, 2018 12:00am
Equities end on positive note
Mutual Funds

Equities end on positive note

Pakistan Stock Exchange witnessed positive trend during the outgoing week ended December 30, 2017 on the back of healthy buying in various sectors. BRIndex100 gained 103.gained 103.34 points on week-on-week basis to close at 4,294.90 points. Average daily
Published 01 Jan, 2018 12:00am
Future spread down by 372 basis points

Future spread down by 372 basis points

The future spread declined by 372bps to negative 0.28 percent on the last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily volumes increased by 268.2 percent to 131.71 million shares. Average dail
Published 01 Jan, 2018 12:00am
Future spread down by 372 basis points

Future spread down by 372 basis points

The future spread declined by 372bps to negative 0.28 percent on the last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily volumes increased by 268.2 percent to 131.71 million shares. Average dail
Published 01 Jan, 2018 12:00am
1H tax collection shows 17.5 percent increase

1H tax collection shows 17.5 percent increase

Federal Board of Revenue has provisionally collected net revenue of over and above Rs 1722 billion during first half (July-December) 2017-18 against Rs 1466 billion in the same period of last fiscal, recording an increase of around 17.5 percent. According
Published 01 Jan, 2018 12:00am
1H tax collection shows 17.5 percent increase

1H tax collection shows 17.5 percent increase

Federal Board of Revenue has provisionally collected net revenue of over and above Rs 1722 billion during first half (July-December) 2017-18 against Rs 1466 billion in the same period of last fiscal, recording an increase of around 17.5 percent. According
Published 01 Jan, 2018 12:00am
1H tax collection shows 17.5 percent increase

1H tax collection shows 17.5 percent increase

Federal Board of Revenue has provisionally collected net revenue of over and above Rs 1722 billion during first half (July-December) 2017-18 against Rs 1466 billion in the same period of last fiscal, recording an increase of around 17.5 percent. According
Published 01 Jan, 2018 12:00am
18 dead in attack on Afghan funeral

18 dead in attack on Afghan funeral

An explosion at a funeral in Afghanistan's restive east on Sunday killed at least 18 mourners and wounded another 13, officials said, capping a deadly year for ordinary Afghans. There was no immediate claim of responsibility for the blast which authoritie
Published 01 Jan, 2018 12:00am
18 dead in attack on Afghan funeral

18 dead in attack on Afghan funeral

An explosion at a funeral in Afghanistan's restive east on Sunday killed at least 18 mourners and wounded another 13, officials said, capping a deadly year for ordinary Afghans. There was no immediate claim of responsibility for the blast which authoritie
Published 01 Jan, 2018 12:00am
Pakistan, India NSAs met in Bangkok: Indian media

Pakistan, India NSAs met in Bangkok: Indian media

Pakistan's National Security Adviser (NSA) Lieutenant General Nasir Khan Janjua (Retd) and his Indian counterpart Ajit Doval met in Bangkok for talks last week, Indian media reported on Sunday. The meeting came on the heels of convicted Indian spy Kulbhus
Published 01 Jan, 2018 12:00am
Pakistan, India NSAs met in Bangkok: Indian media

Pakistan, India NSAs met in Bangkok: Indian media

Pakistan's National Security Adviser (NSA) Lieutenant General Nasir Khan Janjua (Retd) and his Indian counterpart Ajit Doval met in Bangkok for talks last week, Indian media reported on Sunday. The meeting came on the heels of convicted Indian spy Kulbhus
Published 01 Jan, 2018 12:00am
Four Indian soldiers killed in IHK
Exchange

Four Indian soldiers killed in IHK

Suspected militants stormed a paramilitary camp in Indian-held Kashmir early Sunday leaving eight dead, police and security forces said, capping off the deadliest year in a decade for the disputed territory. Armed militants lobbed grenades and fired autom
Published 01 Jan, 2018 12:00am
Four Indian soldiers killed in IHK
Exchange

Four Indian soldiers killed in IHK

Suspected militants stormed a paramilitary camp in Indian-held Kashmir early Sunday leaving eight dead, police and security forces said, capping off the deadliest year in a decade for the disputed territory. Armed militants lobbed grenades and fired autom
Published 01 Jan, 2018 12:00am
Issuing 10 billion riyal bonus share: Saudi's NCB plans to raise capital

Issuing 10 billion riyal bonus share: Saudi's NCB plans to raise capital

Saudi Arabia's National Commercial Bank (NCB), the kingdom's largest lender, said on Sunday its board had proposed increasing the bank's capital by 10 billion riyals ($2.7 billion) through issuing bonus shares to help support growth. In a statement to the
Published 01 Jan, 2018 12:00am
Issuing 10 billion riyal bonus share: Saudi's NCB plans to raise capital

Issuing 10 billion riyal bonus share: Saudi's NCB plans to raise capital

Saudi Arabia's National Commercial Bank (NCB), the kingdom's largest lender, said on Sunday its board had proposed increasing the bank's capital by 10 billion riyals ($2.7 billion) through issuing bonus shares to help support growth. In a statement to the
Published 01 Jan, 2018 12:00am
Nawaz's PML-N Presidency: SC to hear petitions today

Nawaz's PML-N Presidency: SC to hear petitions today

The Supreme Court of Pakistan will hear petitions challenging Nawaz Sharif's appointment as Pakistan Muslim League-Nawaz (PML-N) president on Monday (today). A bench of the Supreme Court has been constituted to hear constitutional petitions against Nawaz
Published 01 Jan, 2018 12:00am
LHC CJ blames backlog of cases on lawyers' strikes

LHC CJ blames backlog of cases on lawyers' strikes

Lahore High Court (LHC) Chief Justice Syed Mansoor Ali Shah on Sunday blamed increasing backlog of cases on lawyers' frequent strikes, saying more cases would have been pulled off, if strikes had not taken place. Addressing a ceremony here, the chief just
Published 01 Jan, 2018 12:00am
LHC CJ blames backlog of cases on lawyers' strikes

LHC CJ blames backlog of cases on lawyers' strikes

Lahore High Court (LHC) Chief Justice Syed Mansoor Ali Shah on Sunday blamed increasing backlog of cases on lawyers' frequent strikes, saying more cases would have been pulled off, if strikes had not taken place. Addressing a ceremony here, the chief just
Published 01 Jan, 2018 12:00am
Minister trying to rescue sacked PARC officer

Minister trying to rescue sacked PARC officer

Minister for National Food Security and Research Sikandar Hayat Bosan is reportedly trying to rescue one of the sacked officers of Pakistan Agriculture Research Council (PARC) allegedly involved in corruption, well informed sources told Business Record
Published 01 Jan, 2018 12:00am
Minister trying to rescue sacked PARC officer

Minister trying to rescue sacked PARC officer

Minister for National Food Security and Research Sikandar Hayat Bosan is reportedly trying to rescue one of the sacked officers of Pakistan Agriculture Research Council (PARC) allegedly involved in corruption, well informed sources told Business Record
Published 01 Jan, 2018 12:00am
Minister trying to rescue sacked PARC officer

Minister trying to rescue sacked PARC officer

Minister for National Food Security and Research Sikandar Hayat Bosan is reportedly trying to rescue one of the sacked officers of Pakistan Agriculture Research Council (PARC) allegedly involved in corruption, well informed sources told Business Record
Published 01 Jan, 2018 12:00am
Challenges for the new economic team
Exchange

Challenges for the new economic team

During his first interaction with the media-persons on 28th December, 2017, Minister of State for Finance, Rana Afzal Khan spelt out challenges that the incumbent government faces during its remaining tenure. Managing external side of the economy will be
Published 01 Jan, 2018 12:00am
New spat
Exchange

New spat

Even the best intentions don't always seem to deliver the desired results where Pakistan-India relations are concerned. At present, these relations seem frozen, with the revival of the suspended composite dialogue nowhere in sight. In the midst of these t
Published 01 Jan, 2018 12:00am
'Xinjiang-Pakistan' Corridor?
Cotton

'Xinjiang-Pakistan' Corridor?

The release of the Long-Term Plan (LTP 2017-2030) for the China Pakistan Economic Corridor (CPEC), reportedly prepared by the China Development Bank, raises more questions than it answers. Nevertheless, it can serve as a starting point for dispassionate a
Published 01 Jan, 2018 12:00am
'Historic' turning point in Italy's migrant crisis

'Historic' turning point in Italy's migrant crisis

The year 2017 marked what Italian authorities hope was a turning point in the nation's struggle to manage a chaotic and deadly rush of migrants to its shores. Italian Foreign Minister Paolo Gentiloni this week called it a pivotal moment in Italy's "histor
Published 01 Jan, 2018 12:00am
2018: A big year for Latin America elections

2018: A big year for Latin America elections

Next year will be a big election year for Latin America, a region where democracy in many countries is only decades young, and where the shadow of corruption stretches wide and long. Half of the population across the region is being called to cast ballots
Published 01 Jan, 2018 12:00am
State of economy

State of economy

Business Recorder op-ed writer Farhat Ali appears to be highly perceptive about how our policymakers deal with short and long-term economic challenges. Cashing in on the opportunity that Adviser to the Prime Minister on Finance, Revenue and Economi
Published 01 Jan, 2018 12:00am
Pakistan's girl cadets dream of taking power

Pakistan's girl cadets dream of taking power

At a revolutionary school in Pakistan, Durkhanay Banuri dreams of becoming military chief, once a mission impossible for girls in a patriarchal country where the powerful army has a severe problem with gender equity. Thirteen-year-old Durkhanay, a student
Published 01 Jan, 2018 12:00am
Pakistan moves ahead with Pak-Afghan border fence

Pakistan moves ahead with Pak-Afghan border fence

Pakistan says that almost 92 percent of its 2,611-kilometer largely porous frontier with Afghanistan will be fenced by end of 2018, hoping the massive unilateral undertaking will effectively address mutual complaints of militant incursions. The military-l
Published 01 Jan, 2018 12:00am
Imports from Torkham slumped by 80 percent, say Afghan traders

Imports from Torkham slumped by 80 percent, say Afghan traders

As its trade with Central Asian states has been on the rise, Afghanistan's imports from Pakistan have declined by 80 percent, say traders in northern Balkh province. Due to commerce and transit issues between Afghanistan and Pakistan, businessmen of the A
Published 01 Jan, 2018 12:00am
Karachi comes alive amid New Year celebrations

Karachi comes alive amid New Year celebrations

As the New Year - 2018 has officially begun today; Karachi came alive with celebrations and fireworks, gatherings etc as thousands of jubilant folks, majority youth thronged to Seaview to rejoice the New Year night with fervour. Unlike its previous tradit
Published 01 Jan, 2018 12:00am
Sialvi says will not be part of any protest or sit-in

Sialvi says will not be part of any protest or sit-in

Spiritual leader Pir Hameeduddin Sialvi on Sunday reaffirmed that they will not step back from their demand for the resignation of Punjab Law Minister Rana Sanaullah, but vowed to not take part in any anti-government protests or sit-in. The Sargodha-based
Published 01 Jan, 2018 12:00am
Afzal claims achieving targets of four years
Exchange

Afzal claims achieving targets of four years

Minister of State for Finance Rana Muhammad Afzal has said that the government has successfully achieved its development targets during the last four years. "The country has been brought on the road to progress and prosperity through revolutionary policie
Published 01 Jan, 2018 12:00am
Transparency: third party audit system introduced in Punjab

Transparency: third party audit system introduced in Punjab

Punjab Chief Minister Shahbaz Sharif said that mega development projects worth billions of rupees have been completed to provide relief to the people. He stated this while addressing a meeting through a video-link at Model Town in Lahore before his depart
Published 01 Jan, 2018 12:00am
Ayaz optimistic about sustained economic growth in 2018

Ayaz optimistic about sustained economic growth in 2018

In his felicitation message to the nation on the eve of New Year, the Speaker National Assembly Sardar Ayaz Sadiq expressed his hope that the dawn of 2018 will usher Pakistan into a new year of sustained economic growth coupled with uplift of the common m
Published 01 Jan, 2018 12:00am
BOP, Nestlé sign MoU

BOP, Nestlé sign MoU

The Bank of Punjab (BOP) and Nestlé Pakistan signed an MoU enabling the two partners to collaborate on improving the productivity of Pakistani dairy farmers by providing them with financial assistance.
Published 01 Jan, 2018 12:00am
Fisheries big source of food and nutrition security: expert

Fisheries big source of food and nutrition security: expert

Punjab and Sindh provinces have big potential of carps, tilapia and catfish culture while Khyber Pakhtunkhwa has tremendous potential of high value trout fish. This was stated by Omar Hayat, an expert on fisheries sector while talking to this scribe here
Published 01 Jan, 2018 12:00am
Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items witness mixed trend

Prices of important kitchen items witnessed a mixed trend during this week past against the preceding week, a survey conducted by Business Recorder revealed here on Sunday. The survey observed that the prices of most of the vegetables as well as of
Published 01 Jan, 2018 12:00am
Good news for SNGPL's consumers

Good news for SNGPL's consumers

Sui Northern Gas Pipelines Limited has announced to provide uninterrupted gas supply to consumers round-the-year especially in winter. In a media interview Sunday, Managing Director Amjad Latif said that supply of gas has been increased due to import of R
Published 01 Jan, 2018 12:00am
Rs eight billion for KP's online pension system

Rs eight billion for KP's online pension system

Khyber Pakhtunkhwa, provincial government is spending over eight billion rupees to complete online pension system. A spokesman of provincial government told our Peshawar correspondent that so far, documents of one hundred and twenty-seven thousand pension
Published 01 Jan, 2018 12:00am
Arms to be withdrawn from traffic cops

Arms to be withdrawn from traffic cops

Peshawar Traffic Police has decided to take back arms from the newly appointed personnel, while senior personnel will retain their arms. Traffic Police officials said this step has been taken after a labourer got injured in firing by a traffic constable a
Published 01 Jan, 2018 12:00am
KP to become second largest province with Fata's merger: Afridi

KP to become second largest province with Fata's merger: Afridi

Member National Assembly (MNA) from Khyber Agency Shah Ji Gul Afridi has said that Khyber-Pakhtunkhwa would become second largest province after merger of Fata and would have relatively big share in the NFC Award. Addressing a press conference at his resi
Published 01 Jan, 2018 12:00am
Pesco's power shutdown notice for third January
Cotton

Pesco's power shutdown notice for third January

Power Supply from 132 KV Shahi Bagh Grid Station due to maintenance work on 3rd January from 9:00AM to 3:00PM, resultantly consumers of 11 KV Daudzai-1, 2, Industrial, KSM, Khazana, Haryana-1, Naguman, Old feeders will face inconvenience. Power supply wil
Published 01 Jan, 2018 12:00am
Zia Sarhadi elected ACWA president

Zia Sarhadi elected ACWA president

Ziaul Haq Sarhadi and Abid Akhtar Hassan were elected as president and general secretary, respectively, of Abbasin Column Writers Association (ACWA) for the year 2018-19. The elections were held during the annual general body meeting of the association. T
Published 01 Jan, 2018 12:00am
Militant attacks decline by 15 percent in 2017: report

Militant attacks decline by 15 percent in 2017: report

Unlike previous two years, the year 2017 could not saw a significant reduction in anti-State violence in Pakistan and instead, the year saw more suicide attacks than previous two years, an Islamabad-based research group said Sunday. An Independent think-t
Published 01 Jan, 2018 12:00am
Tanzeem-e-Asateza office-bearers

Tanzeem-e-Asateza office-bearers

Sharifullah Afridi was elected President and Arshad Ali Afridi as General Secretary (GS) of Tanzeem-e-Asateza Landi Kotal chapter here on Sunday. Earlier a meeting under the chair of the Tanzeem Khyber Agency President, Wajid Afridi was held that was atte
Published 01 Jan, 2018 12:00am
HR officers appointed in 14 police stations of Islamabad

HR officers appointed in 14 police stations of Islamabad

Federal government has established modern reporting rooms staffed with specially selected and trained personnel in 14 police stations in Islamabad in order to provide improved one-window service to citizens.
Published 01 Jan, 2018 12:00am
Gulalai denied seat on JUI sit-in stage

Gulalai denied seat on JUI sit-in stage

Estranged Pakistan Tehreek-e-Insaf (PTI) leader Ayesha Gulalai became upset after she was prohibited from sitting on the stage with other JUI-F leaders during a sit-in protest in the federal capital. According to details, Ayesha Gulalai was on her way to
Published 01 Jan, 2018 12:00am
Modern farming methods help save water: ICARDA

Modern farming methods help save water: ICARDA

The Country Manager of International Centre for Agricultural Research in the Dry Areas (ICARDA) for Pakistan Dr Abdul Majid said that by adopting modern and latest technologies of farming; water, effort, and money can be saved. This he said in the meeting
Published 01 Jan, 2018 12:00am
Traders blame India for Pak-Afghan tension

Traders blame India for Pak-Afghan tension

Islamabad Chamber of Small Traders on Sunday said India has increased conspiracies and opposition to Pakistan after the launch of CPEC. New Delhi thinks that the CPEC passing through Pakistan-occupied-Kashmir challenges Indian sovereignty which is not bas
Published 01 Jan, 2018 12:00am
Billions of rupees being spent for GB's road network: CM

Billions of rupees being spent for GB's road network: CM

Billions of rupees were being spent on expanding road network for boosting business and tourism activity in Gilgit-Baltistan areas. This was stated by Chief Minister Gilgit-Baltistan Hafiz Hafeezur Rehman while talking to a news channel. The present gover
Published 01 Jan, 2018 12:00am
Alif Ailan's report terms Sindh's education scenario 'worst'

Alif Ailan's report terms Sindh's education scenario 'worst'

In terms of education, the situation in Sindh has reached at worst level. A recently published report of Alif Ailaan, ranked province seventh in regards the poor state of facilities and standards of learning in Sindh.
Published 01 Jan, 2018 12:00am
NAB provides relief to 25500 power consumers of Hazara

NAB provides relief to 25500 power consumers of Hazara

National Accountability Bureau (NAB) Khyber Pakhtunkhwa has succeeded in providing relief to 25500 power consumers of the two circles of Peshawar Electric Supply Company (PESCO) to provide relief and facilitation to general public through accountability r
Published 01 Jan, 2018 12:00am
JI to evolve Fata-KP merger strategy at Jirga on January 3

JI to evolve Fata-KP merger strategy at Jirga on January 3

Chief of Jamaat-e-Islami Khyber Pakhtunkhwa (KP) chapter, Mushtaq Ahmad Khan, has announced JI would organise grand jirga on the issue of Fata-KP merger on January 3 at the Peshawar Press Club where leaders of various political parties, members of civil s
Published 01 Jan, 2018 12:00am
Visa policy for Afghanistan: Polio-free certificate mandatory: Pakistan

Visa policy for Afghanistan: Polio-free certificate mandatory: Pakistan

Pakistan embassy in Afghan capital Kabul says that no visa will be issued to Afghan national who do not have polio-free certificates. "All the Visa applicants are hereby informed that it is hence forth mandatory for all the Afghan nationals seeking Pakist
Published 01 Jan, 2018 12:00am
Murad reviews pace of uplift schemes' work

Murad reviews pace of uplift schemes' work

Sindh Chief Minister Syed Murad Ali Shah has directed Inspector General of Police to make necessary arrangement for smooth flow of traffic because work on Rs 12 billion Karachi Package Phase-II has been started on war footings and it is bound to cause inc
Published 01 Jan, 2018 12:00am
JI accuses PML-N of harming civil-military relations

JI accuses PML-N of harming civil-military relations

Jamaat-e-Islami's secretary general Liaquat Baloch has said that Sharif brothers (Nawaz and Shahbaz Sharif) were responsible for the conspiracy on the issue of Khatam-e-Nabuwat and the Model Town killings. "Attack on the Khatam-e-Nabuwat was made under th
Published 01 Jan, 2018 12:00am
SCCI urges government to set up export monitoring body

SCCI urges government to set up export monitoring body

President Sialkot Chamber of Commerce and Industry (SCCI) Zahid Latif Malik has urged the government to take bold step for setting up a high powered "Export Monitoring Committee" to keep an account of policies formulation and their implementation. The pro
Published 01 Jan, 2018 12:00am
Punjab agriculture department to help farmers adopt DIS

Punjab agriculture department to help farmers adopt DIS

Adopting drip irrigation system (DIS), farmers can save 60 percent electricity and diesel costs augmenting per acre yield by 100 percent. Punjab agriculture will help farmers to follow this system by providing drip irrigation equipment at subsidized rates
Published 01 Jan, 2018 12:00am
Shahbaz greets nation on New Year

Shahbaz greets nation on New Year

Punjab Chief Minister Shahbaz Sharif wished a happy news year to the nation on the eve of New Year assuring that Pakistan in 2018 will be more peaceful, bright and strong as compared to that of past and Insha Allah this new year will dawn as a hope for br
Published 01 Jan, 2018 12:00am
PES rescues 867,621 victims in 2017: DG

PES rescues 867,621 victims in 2017: DG

Punjab Emergency Service (Rescue 1122) rescued over 867,621 victims of different emergencies during year 2017. This was revealed in the data in which operational performance of Rescue 1122 for the year 2017 was reviewed. The emergency data revealed that t
Published 01 Jan, 2018 12:00am
ADB considers $200 million loan for Pakistan's ICT projects

ADB considers $200 million loan for Pakistan's ICT projects

Asian Development Bank (ADB) is negotiating and considering for providing loan of $200 million for "Integrated Information and Communications Technology Development Project" in Pakistan. Update reports revealed that this proposed project outputs will be:
Published 01 Jan, 2018 12:00am
Siraj urges masses to reject corrupt people in upcoming polls

Siraj urges masses to reject corrupt people in upcoming polls

Chief of Jamaat-e-Islami, Pakistan Siraj-ul-Haq, has urged the masses to oust the secular and corrupt people from the echelons of power in the next elections as it was time to bring these elements to accountability. According to media cell of Jamaat-e-Isl
Published 01 Jan, 2018 12:00am
Zardari visits Data Darbar, Bibi Pak Daman

Zardari visits Data Darbar, Bibi Pak Daman

Former President and co-chairman of Pakistan Peoples Party on the closing day of year 2017 paid a visit to the Mazar of Hazrat Data Gunj Bakhsh Ali Hajveri (RA) here on Sunday where he laid a floral wreath at the mausoleum and offered Fateha. He prayed fo
Published 01 Jan, 2018 12:00am
Stage set for fruitful Pak-Iran ties in 2018

Stage set for fruitful Pak-Iran ties in 2018

The outgoing year has seen major developments in Iran-Pakistan ties and it is expected that the year would provide a platform for fruitful relations between the two neighbouring states in the coming year as well. Iran and Pakistan have been enjoying stron
Published 01 Jan, 2018 12:00am
Turkey steps up IS arrests under shadow of New Year attack

Turkey steps up IS arrests under shadow of New Year attack

Turkey on Sunday arrested more suspected Islamic State (IS) group jihadists in a major crackdown on the extremist group ahead of a New Year overshadowed by the first anniversary of the night-club terror attack that left 39 dead. Just minutes into 2017, Is
Published 01 Jan, 2018 12:00am
Female suicide bomber kills one, wounds 28 in Cameroon

Female suicide bomber kills one, wounds 28 in Cameroon

A female suicide bomber blew herself up in a cafe in Cameroon's far north region Sunday, killing at least one person and wounding 28 others, witnesses told AFP. Witnesses said the woman entered the cafe at around 7:00 am (0600 GMT) before detonating her e
Published 01 Jan, 2018 12:00am
Merkel declares Europe top priority for new government
Currency

Merkel declares Europe top priority for new government

Chancellor Angela Merkel will tell Germans that European co-operation is "the decisive question of the coming years" in a New Year's Eve broadcast Sunday, as her conservatives eye tricky coalition talks. Merkel will say that "27 states in Europe must be p
Published 01 Jan, 2018 12:00am
36 dead in central Kenya bus crash

36 dead in central Kenya bus crash

Thirty-six people were killed and 11 injured early Sunday morning in a head-on collision between a bus and a lorry on a road in central Kenya, police said. "The death toll is now 36," said Rift Valley traffic police chief Zero Arome, explaining the initia
Published 01 Jan, 2018 12:00am
Pioneer architect John Portman dies

Pioneer architect John Portman dies

John Portman, who pioneered modern hotel design and whose reach spanned from his native United States to Asia, has died aged 93, his firm said on Saturday. "A pioneering architect, entrepreneur, artist and philanthropist, Mr Portman changed the skylines o
Published 01 Jan, 2018 12:00am
China's Xi vows to support UN, boost living standards

China's Xi vows to support UN, boost living standards

China will play its part in defending the international order and combating climate change while working to raise living standards for its own people, President Xi Jinping pledged Sunday in a New Year speech. Xi said the nation was committed to economic r
Published 01 Jan, 2018 12:00am
Putin wishes Russians 'changes for the better' in 2018

Putin wishes Russians 'changes for the better' in 2018

Russia's President Vladimir Putin wished his compatriots "changes for the better" in 2018 in his traditional televised New Year's address Sunday. "Let the New Year bring changes for the better in the life of every person and every family," Putin told Russ
Published 01 Jan, 2018 12:00am
Snow strands thousands, kills skier in French Alps

Snow strands thousands, kills skier in French Alps

Heavy snow stranded 4,000 travellers heading for resorts in the French Alps and killed one skier in an avalanche, authorities said on Sunday. The Savoie department prefecture said 3,500 motorists spent the night in emergency shelters after the snow made t
Published 01 Jan, 2018 12:00am
May says 2018 Brexit progress will renew British pride

May says 2018 Brexit progress will renew British pride

Prime Minister Theresa May said 2018 would be a year of "renewed confidence and pride" for Britain as it confronts the challenges of negotiating Brexit, in her New Year message out Sunday. Divorce talks between London and Brussels are set to move on to tr
Published 01 Jan, 2018 12:00am
South Korea seizes second ship suspected of providing oil to North Korea

South Korea seizes second ship suspected of providing oil to North Korea

South Korean authorities have seized a Panama-flagged vessel suspected of transferring oil products to North Korea in violation of international sanctions, a customs official said on Sunday. The seizure was the second to be revealed by South Korea within
Published 01 Jan, 2018 12:00am
Man City winning run ends in draw at Crystal Palace

Man City winning run ends in draw at Crystal Palace

Ederson's last-gasp penalty heroics saved Manchester City from defeat but a 0-0 stalemate at Crystal Palace on Sunday brought the Premier League leaders' record-breaking 18-match winning run to an end. Luka Milivojevic was presented with the chance to sea
Published 01 Jan, 2018 12:00am
NS Football Club win College Football Tournament

NS Football Club win College Football Tournament

NS Football Club defeated Khyber Union Eleven in penalty kicks to win final match of Annual College Football Tournament played at Degree College Ground, Landi Kotal. Candidate for the up-coming election from NA-45, Shermath Khan Afridi was the chief guest
Published 01 Jan, 2018 12:00am
Enzo Zidane joining Lausanne

Enzo Zidane joining Lausanne

Zinedine Zidane's son Enzo has agreed terms to join Swiss outfit Lausanne from Alaves, the Spanish club reported on Sunday. The 22-year-old midfielder had played just twice in La Liga for Alaves since joining in July after three years of success with Real
Published 01 Jan, 2018 12:00am
Batting star friends Kohli, De Villiers face off

Batting star friends Kohli, De Villiers face off

Virat Kohli' rivalry with fellow batting star AB de Villiers is likely to provide a compelling side-show in the three-Test series between South Africa and India starting at Newlands on Friday. "It's not like only two guys are playing in this series," said
Published 01 Jan, 2018 12:00am
Atletico Madrid finally unveil Diego Costa, Vitolo

Atletico Madrid finally unveil Diego Costa, Vitolo

Atletico Madrid unveiled new signings Diego Costa and Vitolo on Sunday as the Spanish club's transfer ban finally comes to an end. Atletico had been unable to register new signings in last summer's transfer window after being handed a ban by FIFA for irre
Published 01 Jan, 2018 12:00am
Phil Simmons elected Afghanistan coach

Phil Simmons elected Afghanistan coach

Former West Indies all-rounder Phil Simmons has been appointed coach of Afghanistan as the country prepares for its first Test match, it was announced Sunday. The war-torn nation was awarded Test status in June, along with Ireland. The appointment was ann
Published 01 Jan, 2018 12:00am
Punjab University win Inter-University Archery Women Championship

Punjab University win Inter-University Archery Women Championship

Punjab University clinched the trophy after securing first position in the All Pakistan Inter-University Archery Women Championship which concluded under the aegis of Directorate of Sports Abdul Wali Khan University Mardan on Sunday. Vice Chancellor Dr Kh
Published 01 Jan, 2018 12:00am
FIFA claims attempt to contact doping whistleblower Rodchenkov

FIFA claims attempt to contact doping whistleblower Rodchenkov

FIFA tried to contact Russian whistleblower Grigory Rodchenkov over accusations of doping in Russian football and will do so again after samples have been re-tested by the World Anti-Doping Agency (WADA), world football's governing body told AFP. In an in
Published 01 Jan, 2018 12:00am
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