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Archive - 2018-01-14
Punjab chalks out '100-day' plan to improve business environment

Punjab chalks out '100-day' plan to improve business environment

In a bid to facilitate businesses and start-ups to improve the investment environment in the province, the Punjab government has launched the '100 days to doing-business reform plan' in keeping with the Punjab growth strategy 2018 which sets the target of
Published 14 Jan, 2018 12:00am
SHC rejects Port Grand petition against K-Electric

SHC rejects Port Grand petition against K-Electric

The Sindh High Court (SHC) on Friday dismissed the application by Port Grand Limited which sought to restrain K-Electric (KB) from performing approved maintenance work on a 220KV underground transmission line. The plaintiff - Port Grand Limited- sought an
Published 14 Jan, 2018 12:00am
Farmers warned to protect crops

Farmers warned to protect crops

Farmers should ensure measures to protect crops, nurseries and orchids from extreme cold weather, the Met Office has said. It said that the farmers should also remove weeds from standing crops to help improve yield. It warned that weeds cause a considerab
Published 14 Jan, 2018 12:00am
17 students of MUET off to US under exchange programme
Exchange

17 students of MUET off to US under exchange programme

The second cohort of second batch consisting of seventeen (17) MS and PhD scholars of US-Pakistan Center for Advanced Studies in Water (USPCAS-W) at Mehran University of Engineering and Technology (MUET) Jamshoro departed to the United States on their one
Published 14 Jan, 2018 12:00am
Bilawal, Aseefa visit Karachi Eat 2018

Bilawal, Aseefa visit Karachi Eat 2018

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari along with Aseefa Bhutto Zardari paid a visit to Karachi Eat 2018, a food festival at Shaheed Mohtarma Benazir Bhutto Park near Boat Basin on Saturday. Chairman Bilawal Bhutto Zardari intermingled wit
Published 14 Jan, 2018 12:00am
FPCCI for enhancing trade ties with Maldives

FPCCI for enhancing trade ties with Maldives

Ambassador of Pakistan to Maldives, Admiral Waseem Akram (retd) said that a Maldives trade delegation will visit Pakistan in last week of February or first week of March this year. Speaking at launch meeting hosted by former Vice President of FPCCI Mohamm
Published 14 Jan, 2018 12:00am
VVIP road blockades case: CJP directs IG Sindh to submit affidavit

VVIP road blockades case: CJP directs IG Sindh to submit affidavit

Chief Justice of Pakistan Justice Saqib Nisar on Saturday directed Inspector General of Sindh Police to submit affidavit in VVIP road blockades case. Hearing a suo motu case of road blockades due to VVIP movement at the Supreme Court Karachi Registry, Jus
Published 14 Jan, 2018 12:00am
SC orders to put Shahrukh and others names on ECL

SC orders to put Shahrukh and others names on ECL

The Supreme Court of Pakistan on Saturday issued orders to put names of the accused in the murder case of Shahzeb Khan on the Exit Control List, as it accepted the appeal of civil society activists against the Sindh High Court's (SHC) retrial order for he
Published 14 Jan, 2018 12:00am
Trauma injuries claim 50-80 percent lives: Professor Minhas

Trauma injuries claim 50-80 percent lives: Professor Minhas

Dr Ziauddin Hospital hosted the full-day Symposium on "Emergency Medicine and Trauma Management" at Clifton campus. Dr Aijaz Fatima, Founder, Dr Ziauddin Hospital inaugurated the event as chief guest and said it is a great achievement by this institution
Published 14 Jan, 2018 12:00am
Over 900 children went missing from Sindh in 2017, PA told

Over 900 children went missing from Sindh in 2017, PA told

Adviser to the CM on Social Welfare Shamim Mumtaz has informed the Sindh Assembly that more than 900 children went missing from Sindh in 2017. The children disappeared for a number of reasons, including kidnapping for ransom and running away from home aft
Published 14 Jan, 2018 12:00am
Another case of alleged sexual assault of minor surfaces in Karachi

Another case of alleged sexual assault of minor surfaces in Karachi

Another case of sexual assault of a minor has surfaced in the city on Saturday. According to police, the suspect - a man named Tanveer - allegedly assaulted the six-year-old boy in a bakery on January 8. The accused was arrested from the jurisdiction of t
Published 14 Jan, 2018 12:00am
Crop storage capacity increased

Crop storage capacity increased

US grain storage capacity grew by about 1 percent in 2017, the Department of Agriculture said on Friday, as swelling crop stockpiles and low prices made holding commodities such as corn an attractive bet for farmers and commercial handlers.
Published 14 Jan, 2018 12:00am
Global coffee output seen rising to new record

Global coffee output seen rising to new record

World coffee output is seen rising to a fresh record in 2017/18 as a recovery in robusta production offsets a decline in the arabica variety, the International Coffee Organization (ICO) said on Tuesday. Global coffee output is expected to reach about 158.
Published 14 Jan, 2018 12:00am
Brazil's early soy harvesting hampered by rains

Brazil's early soy harvesting hampered by rains

A cold front which is prompting rains in the southeast and center-west of Brazil may delay early soy harvesting work in the leading grain producing state of Mato Grosso, weather forecaster Marco Antonio dos Santos said in a Monday report.
Published 14 Jan, 2018 12:00am
Copper faces double supply disruption threat in 2018

Copper faces double supply disruption threat in 2018

One down, plenty more to go. The Lomas Bayas copper mine in Chile, operated by Glencore, has just averted a threatened strike. Unionised workers accepted the terms of a new labour contract at the eleventh hour. The number of labour contracts up for renewa
Published 14 Jan, 2018 12:00am
ICE cotton drifts away from near four-year high
Exchange

ICE cotton drifts away from near four-year high

ICE cotton futures fell over 1 percent on Friday, hurt by a slightly bearish supply-demand report from the US government, and profit-taking after prices of the natural fibre touched a near four-year high earlier in the day. The most active ICE cotton cont
Published 14 Jan, 2018 12:00am
Opec's cheer over 2018 oil rally tinged by shale worries

Opec's cheer over 2018 oil rally tinged by shale worries

Oil's price rally this year to its highest since May 2015 may seem a source of glee for Opec, but some in the producer group fear the gains could prompt shale companies to crank open their spigots and flood the market. Benchmark Brent crude rose further a
Published 14 Jan, 2018 12:00am
China's commodities buying spree stalls amid smog fight
Exchange

China's commodities buying spree stalls amid smog fight

China's commodities buying spree eased slightly in December, with copper, iron ore and crude oil imports all falling from bumper levels a month earlier, the latest sign that Beijing's anti-smog crackdown is slowing industrial activity. The drop contribute
Published 14 Jan, 2018 12:00am
China copper imports fall

China copper imports fall

China's unwrought copper imports fell 4.3 percent in December from a month earlier, but still recorded their second-highest level in 2017 as winter restrictions on domestic production kept demand for metal from overseas buoyant. Last month's arrivals of u
Published 14 Jan, 2018 12:00am
Grain glut leaves US farmers facing losses from specialty corn

Grain glut leaves US farmers facing losses from specialty corn

US farmers who sought to boost revenues by planting corn used to make tortillas may be forced to sell their crops at a loss to makers of ethanol or animal feed because of a glut of what typically is a human food-grade product. Oversupply of the most commo
Published 14 Jan, 2018 12:00am
Egypt to revise work of quarantine body

Egypt to revise work of quarantine body

Egypt's Agriculture Ministry said on Tuesday it would form a committee to revise legislation governing the work of the agricultural quarantine authority, which has rattled world grain markets by turning away several wheat cargoes since 2016. Egypt, the wo
Published 14 Jan, 2018 12:00am
Erdogan says Turkey will crush Kurdish militia

Erdogan says Turkey will crush Kurdish militia

President Tayyip Erdogan said on Saturday that Turkey's military incursion in northern Syria's Idlib province would crush Kurdish militia forces that control the neighbouring region of Afrin. The Kurdish YPG militia said Turkish forces inside Syria fired
Published 14 Jan, 2018 12:00am
At least four dead in Indian chopper crash: navy

At least four dead in Indian chopper crash: navy

India's navy said four bodies had been recovered on Saturday after search teams located the wreckage of a helicopter that went missing earlier in the day. The aircraft, carrying five employees of India's state-run oil exploration arm ONGC and two pilots,
Published 14 Jan, 2018 12:00am
Austrians demonstrate against far-right coalition

Austrians demonstrate against far-right coalition

Some 20,000 people rallied on Saturday in Vienna against Austria's new conservative-far right coalition, over its hardline stances on immigration and social policy, police said. Marchers descended on a central district housing several ministries to make k
Published 14 Jan, 2018 12:00am
Myanmar army's admission of killings a 'positive step': Suu Kyi

Myanmar army's admission of killings a 'positive step': Suu Kyi

Myanmar's civilian leader Aung San Suu Kyi has welcomed an unprecedented army admission that security forces carried out extra-judicial killings of Rohingya Muslims as a "positive step", state-backed media reported Saturday. After months of staunch denial
Published 14 Jan, 2018 12:00am
Tunisia plans to increase support for poor families

Tunisia plans to increase support for poor families

Tunisia plans to increase support for poor families and needy people, a government source said on Saturday, after protests broke out in the North African country. The source did not give more details but it was the first time an official talked about incr
Published 14 Jan, 2018 12:00am
Protests in Johannesburg over 'racist' H&M ad

Protests in Johannesburg over 'racist' H&M ad

South African police Saturday intervened to clear protesters trashing outlets of Swedish clothing giant Hennes and Mauritz in Johannesburg over a controversial advertisement of a black child. A photo on the company's online website of a black boy wearing
Published 14 Jan, 2018 12:00am
Anti-Trump protest in Swiss capital ahead of Davos visit

Anti-Trump protest in Swiss capital ahead of Davos visit

Several hundred anti-capitalist demonstrators marched in Switzerland's capital Bern on Saturday to protest against US President Donald Trump's planned visit to the World Economic Forum in Davos. With placards reading "Eat the rich" and "Fight WEF, Trump,
Published 14 Jan, 2018 12:00am
Baghdad suicide bombing kills at least three

Baghdad suicide bombing kills at least three

A suicide bomb attack near a security checkpoint in the Iraqi capital killed at least three people on Saturday, a police officer said. The officer, speaking on condition of anonymity, gave an "initial toll of three people killed and 11 wounded" in the att
Published 14 Jan, 2018 12:00am
London store Harrods to remove Diana statue

London store Harrods to remove Diana statue

London luxury department store Harrods said Saturday it was taking down a statue of the late Princess Diana and her boyfriend Dodi Al Fayed and returning it to former owner Mohamed Al Fayed. Al Fayed commissioned the bronze statue, which shows his son and
Published 14 Jan, 2018 12:00am
China demolishes Christian megachurch

China demolishes Christian megachurch

Authorities in northern China have demolished a Christian megachurch in a move denounced by a religious rights group as "Taliban-style persecution". China's officially atheist Communist authorities are wary of any organised movements outside their control
Published 14 Jan, 2018 12:00am
Russia deploys more surface-to-air missiles in Crimean build-up

Russia deploys more surface-to-air missiles in Crimean build-up

Russia deployed a new division of S-400 surface-to-air missiles in Crimea on Saturday, Russian news agencies reported, in an escalation of military tensions on the Crimean peninsula. Russian annexed Crimea from Ukraine in 2014, triggering economic sanctio
Published 14 Jan, 2018 12:00am
Three charged with Ritz jewellery heist

Three charged with Ritz jewellery heist

Three men were charged and detained Saturday over an audacious jewellery heist at the Ritz hotel in Paris this week, while two other suspects were still on the loose, a judicial source said. The men from the Paris region who are in their 30s and are known
Published 14 Jan, 2018 12:00am
New US envoy vows to move on, build ties with Dutch

New US envoy vows to move on, build ties with Dutch

The new US ambassador to the Netherlands vowed to learn from his mistakes and move on to build ties with the Dutch people, after a rocky start to his posting. "I have been so warmly welcomed by government officials at every level. They are genuinely inter
Published 14 Jan, 2018 12:00am
China rescuers recover two bodies, black box from Iranian tanker

China rescuers recover two bodies, black box from Iranian tanker

Chinese rescuers Saturday recovered two bodies and the "black box" from a stricken Iranian oil tanker which has been ablaze for the past week off the east coast of China, the transport ministry said. The Sanchi, carrying 136,000 tonnes of light crude oil
Published 14 Jan, 2018 12:00am
France's first panda cub makes debut appearance

France's first panda cub makes debut appearance

France's first panda cub made its debut public appearance Saturday, five months after its birth, to rapturous crowds - some of whom had travelled hours to see the fluffy male. Yuan Meng, which means "making a dream come true" in Chinese, was introduced in
Published 14 Jan, 2018 12:00am
Boult destroys Pakistan as New Zealand take series

Boult destroys Pakistan as New Zealand take series

A withering spell by Trent Boult saw New Zealand destroy Pakistan by 183 runs in the third one-day international in Dunedin on Saturday to comfortably wrap up the series in Dunedin. New Zealand have won all three matches so far and captain Kane Williamson
Published 14 Jan, 2018 12:00am
Run-outs and Ashwin boost India against South Africa

Run-outs and Ashwin boost India against South Africa

Two run-outs and the bowling of Ravichandran Ashwin gave India the edge on the first day of the second Test against South Africa at SuperSport Park on Saturday. South Africa finished on 269 for six. They had been cruising at 246 for three and seemed set f
Published 14 Jan, 2018 12:00am
Olympic flame stops in Seoul on journey to Pyeongchang

Olympic flame stops in Seoul on journey to Pyeongchang

Cheering crowds welcomed the Olympic flame to a freezing Seoul on Saturday, where the torch will be paraded for four days before making its way to Pyeongchang for the start of the Winter Games. The outlook for next month's sporting extravaganza has bright
Published 14 Jan, 2018 12:00am
Lady in red: Halep hopes 'lucky' dress brings first Slam

Lady in red: Halep hopes 'lucky' dress brings first Slam

Simona Halep goes in search of a first Grand Slam at the Australian Open next week without a sponsor, but happy she'll be able to wear her "lucky" red dress. The world number one admitted she unusually had "no brand clothes" to wear at Melbourne Park for
Published 14 Jan, 2018 12:00am
Kerber takes Sydney International
Kerb

Kerber takes Sydney International

Germany's Angelique Kerber beat Australia's Ashleigh Barty in straight sets to win the Sydney International for her ninth consecutive win on Saturday ahead of next week's Australian Open. The former world No.1 was too strong for Barty, winning the final 6
Published 14 Jan, 2018 12:00am
Pakistan's Woodball team to take part in Asian Games 2018

Pakistan's Woodball team to take part in Asian Games 2018

President, Pakistan Woodball Federation, Shahid Khan Saturday said that Pakistan squad will be part of the 18th Asian Games to be held in Jakarta Palembang, the capital of Indonesia. He was talking to media soon after returning home from Taipei, Taiwan, f
Published 14 Jan, 2018 12:00am
Sports Board Punjab achieved remarkable targets

Sports Board Punjab achieved remarkable targets

Punjab Sports Secretary Muhammad Aamir Jan on Saturday observed that the Sports Board Punjab achieved remarkable targets during 2016-17. The Punjab athletes secured several national and international titles in various games. He expressed these views while
Published 14 Jan, 2018 12:00am
Brawl breaks out as Turan arrives in Turkey

Brawl breaks out as Turan arrives in Turkey

Turkish league leaders Istanbul Basaksehir on Saturday announced they had reached an agreement to sign midfielder Arda Turan on loan from Barcelona before the player's homecoming sparked an embarrassing airport brawl. "Arda Turan is returning to his count
Published 14 Jan, 2018 12:00am
Most emerging Asian currencies get bullish lift
Exchange

Most emerging Asian currencies get bullish lift

Investors raised their long positions on most Asian currencies over the last three weeks, with the Indian rupee enjoying the biggest boost, as the dollar was hit by uncertainty over the pace of US rate increases, the euro rally and possible tapering of Ja
Published 14 Jan, 2018 12:00am
Chinese bitcoin miners eye sites in energy-rich Canada
Exchange

Chinese bitcoin miners eye sites in energy-rich Canada

China's Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich Canadian province an attractive alternative. China has
Published 14 Jan, 2018 12:00am
Speculators boost bearish bets on US dollar
Exchange

Speculators boost bearish bets on US dollar

Speculators' net short dollar bets rose in the latest week to the largest position since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar positions, deriv
Published 14 Jan, 2018 12:00am
Euro surges on ECB tapering hopes; sterling jumps
Exchange

Euro surges on ECB tapering hopes; sterling jumps

The dollar slipped to a more than three-year low against the euro on Friday, as the common currency extended its gains on hopes that European Central Bank policymakers are preparing to reduce their vast monetary stimulus programme. The euro was up 1.21 pe
Published 14 Jan, 2018 12:00am
Canadian dollar rallies as rate hike bets firm
Currency

Canadian dollar rallies as rate hike bets firm

The Canadian dollar advanced against its broadly weaker US counterpart on Friday as oil prices climbed and chances rose that the Bank of Canada will raise interest rates next week. At 4 pm EST (2100 GMT), the Canadian dollar was up 0.4 at C$1.2472 to the
Published 14 Jan, 2018 12:00am
Indonesia central bank warns over cryptocurrencies
Exchange

Indonesia central bank warns over cryptocurrencies

Indonesia's central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system. Bank Indonesia (BI) has previously said th
Published 14 Jan, 2018 12:00am
Russia to increase state FX purchases
Currency

Russia to increase state FX purchases

Russia's finance ministry is expected to increase purchases of foreign currency in January in line with government targets, as oil prices hit three-year highs, according to a Reuters poll. The median forecast of nine analysts polled by Reuters was for the
Published 14 Jan, 2018 12:00am
Buffett says he will never invest in cryptocurrencies

Buffett says he will never invest in cryptocurrencies

Berkshire Hathaway's Warren Buffett said on Wednesday he will never invest in cryptocurrencies. "I can say almost with certainty that cryptocurrencies will come to a bad end," Buffett told CNBC in an interview. Buffett's comments come a day after JPMorgan
Published 14 Jan, 2018 12:00am
Chile slams World Bank for bias in competitiveness rankings

Chile slams World Bank for bias in competitiveness rankings

Chilean officials on Saturday criticized the World Bank, saying it treated the South American country unfairly in its closely watched annual "Doing Business" competitiveness rankings. "What happened with the World Bank's competitiveness rankings is very c
Published 14 Jan, 2018 12:00am
Record remittances to El Salvador from migrants in US

Record remittances to El Salvador from migrants in US

Salvadorans living in the United States sent a record $5 billion home to their small Central American nation last year, the country's Central Bank said Saturday. Remittances in 2017, which jumped 9.7 percent compared to the previous year, represents nearl
Published 14 Jan, 2018 12:00am
Canada hopes G7 summit serves as springboard for new ideas

Canada hopes G7 summit serves as springboard for new ideas

Canada hopes the upcoming G7 summit it is hosting will serve as a springboard for fresh ideas on key issues including climate change, the global economy and security, the lead organizer told AFP. "The G7 serves well as a proving or testing ground for disc
Published 14 Jan, 2018 12:00am
Fed's current policy framework may hurt US economy: Rosengren

Fed's current policy framework may hurt US economy: Rosengren

The recent drop in US unemployment could spark a surge in inflation that, given the Federal Reserve's current policy framework, could trigger interest-rate hikes that bring on a recession, Boston Federal Reserve President Eric Rosengren warned on Friday.
Published 14 Jan, 2018 12:00am
New Eurogroup chief vows to press ahead with reforms

New Eurogroup chief vows to press ahead with reforms

The eurozone must press ahead with much-needed political and economic reforms to make it more robust and resilient in future, the Eurogroup's new chief, Portugal's Mario Centeno, said on Friday. Speaking at a ceremony in Paris to mark his assumption of th
Published 14 Jan, 2018 12:00am
Iraq nears oil output capacity of 5 million bpd

Iraq nears oil output capacity of 5 million bpd

Iraqi Oil Minister Jabar al-Luaibi said on Saturday that the Opec member's oil output capacity is nearing 5 million barrels per day, but the country will remain in full compliance with its output target under a global pact to cut supplies.
Published 14 Jan, 2018 12:00am
Airbus to pay 104 million euros to settle Taiwan missile dispute

Airbus to pay 104 million euros to settle Taiwan missile dispute

Airbus said on Saturday it had been ordered to pay 104 million euros in fines over a missile sale to Taiwan in 1992, the latest French arms company to reach a settlement over disputes arising from one of France's biggest ever arms sales. The scandal aroun
Published 14 Jan, 2018 12:00am
Singapore smashes bunker sales volumes

Singapore smashes bunker sales volumes

Singapore posted record sales volumes of marine fuels for the third straight year in 2017, even as the city state revamped the market last year leading to stiff competition and margin erosion. Singapore last year sold an all-time high 50.6 million tonnes
Published 14 Jan, 2018 12:00am
Air France-KLM denies bidding for troubled Alitalia

Air France-KLM denies bidding for troubled Alitalia

The Air France-KLM group on Saturday denied it had made an offer for ailing airline Alitalia, a day after Italy's industry minister listed it among three bidders. Alitalia, struggling to compete with low-cost European rivals, went into administration last
Published 14 Jan, 2018 12:00am
Crowds jostle for Hong Kong flats, no end in sight to housing boom

Crowds jostle for Hong Kong flats, no end in sight to housing boom

Hong Kong's red-hot property market kicked off 2018 with hundreds queuing to buy flats in the first major property launch of the year on Saturday, backing expectations strong demand will further lift record prices by 5 to 20 percent over the year. The Asi
Published 14 Jan, 2018 12:00am
China's new loans halve in December, but hit record in 2017

China's new loans halve in December, but hit record in 2017

China's bank lending halved in December as the government kept up its campaign to curb financial system risks, but banks still managed to dole out a record amount for the year amid the tighter scrutiny. Chinese authorities are trying to walk a fine line b
Published 14 Jan, 2018 12:00am
Wall Street hits new highs on earnings optimism, data
Exchange

Wall Street hits new highs on earnings optimism, data

Wall Street continued its rally on Friday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth. The S&P 500 and Nasdaq both registere
Published 14 Jan, 2018 12:00am
Treasury yields climb

Treasury yields climb

Treasury yields climbed on Friday as underlying US consumer prices rose the most in 11 months in December, bolstering expectations of a pickup in domestic inflation and Federal Reserve interest rate hikes this year. The two-year yield, which is sensitive
Published 14 Jan, 2018 12:00am
Treasury yields climb

Treasury yields climb

Treasury yields climbed on Friday as underlying US consumer prices rose the most in 11 months in December, bolstering expectations of a pickup in domestic inflation and Federal Reserve interest rate hikes this year. The two-year yield, which is sensitive
Published 14 Jan, 2018 12:00am
Investors strip most cash in four years from US domestic stock funds

Investors strip most cash in four years from US domestic stock funds

Investors are slimming down equity stakes bloated by a nearly decade-long bull market, withdrawing $22 billion from US domestic stock funds in a single week, Investment Company Institute (ICI) data showed on Wednesday. The withdrawal, during the holiday-s
Published 14 Jan, 2018 12:00am
Investors strip most cash in four years from US domestic stock funds

Investors strip most cash in four years from US domestic stock funds

Investors are slimming down equity stakes bloated by a nearly decade-long bull market, withdrawing $22 billion from US domestic stock funds in a single week, Investment Company Institute (ICI) data showed on Wednesday. The withdrawal, during the holiday-s
Published 14 Jan, 2018 12:00am
Global green bond issuance hit record $155.5 billion in 2017

Global green bond issuance hit record $155.5 billion in 2017

Global green bond issuance hit a record $155.5 billion in 2017, surpassing previous estimates, and could reach $250 bln-$300 billion this year, research from the Climate Bonds Initiative (CBI) shows. Issuance last year was 78 percent higher than 2016's $8
Published 14 Jan, 2018 12:00am
Global green bond issuance hit record $155.5 billion in 2017

Global green bond issuance hit record $155.5 billion in 2017

Global green bond issuance hit a record $155.5 billion in 2017, surpassing previous estimates, and could reach $250 bln-$300 billion this year, research from the Climate Bonds Initiative (CBI) shows. Issuance last year was 78 percent higher than 2016's $8
Published 14 Jan, 2018 12:00am
Panda bond sales slump but modest bounce may beckon this year
Currency

Panda bond sales slump but modest bounce may beckon this year

Sales of 'Panda' bonds in China slumped almost 40 percent last year as Beijing's tighter money transfer rules and rising market borrowing costs reduced their appeal, but there are some signs sales may get a modest bounce in 2018. According to data from JP
Published 14 Jan, 2018 12:00am
Panda bond sales slump but modest bounce may beckon this year
Currency

Panda bond sales slump but modest bounce may beckon this year

Sales of 'Panda' bonds in China slumped almost 40 percent last year as Beijing's tighter money transfer rules and rising market borrowing costs reduced their appeal, but there are some signs sales may get a modest bounce in 2018. According to data from JP
Published 14 Jan, 2018 12:00am
Hong Kong, London, New York shortlisted for Aramco IPO
Exchange

Hong Kong, London, New York shortlisted for Aramco IPO

Saudi Arabia has shortlisted New York, London and Hong Kong - singly or in a combination of two or even all three - for the international portion of the listing of national oil company Aramco, two sources with knowledge of the discussions said. The initia
Published 14 Jan, 2018 12:00am
Foreign investors trim Asian stock holdings
Exchange

Foreign investors trim Asian stock holdings

Foreign investors were net sellers of Asian equities in December as they booked profits, however, analysts expect inflows into the region to pick up this year. December data from seven Asian exchanges showed foreign outflows for the month totalled about $
Published 14 Jan, 2018 12:00am
Boeing shares have more room to fly in 2018: analysts

Boeing shares have more room to fly in 2018: analysts

Rising demand for jet sales pushed Boeing Co's stock to the top of the Dow Jones Industrial Average in 2017, and record cash flow to fuel projects, sustain dividends and buy back shares could give it another bumper year, analysts said.
Published 14 Jan, 2018 12:00am
China equity funds top 2017 emerging market winners: Lipper
Currency

China equity funds top 2017 emerging market winners: Lipper

Chinese equity funds trounced their emerging market peers in 2017, buoyed by MSCI's decision to include mainland shares in some of its indexes, while Latin American names helped the top debt performers, data from Lipper showed. And although managers say i
Published 14 Jan, 2018 12:00am
China equity funds top 2017 emerging market winners: Lipper
Currency

China equity funds top 2017 emerging market winners: Lipper

Chinese equity funds trounced their emerging market peers in 2017, buoyed by MSCI's decision to include mainland shares in some of its indexes, while Latin American names helped the top debt performers, data from Lipper showed. And although managers say i
Published 14 Jan, 2018 12:00am
Saudi Arabia to ease requirements for investors in bourse

Saudi Arabia to ease requirements for investors in bourse

Saudi Arabia will ease requirements for foreign institutional investors in its stock market from January 23, the securities regulator said on Tuesday, as the kingdom seeks more foreign capital to help diversify the economy beyond oil exports. Among the re
Published 14 Jan, 2018 12:00am
Lumber and gold stocks boost TSX, offset drop in pot stocks
Exchange

Lumber and gold stocks boost TSX, offset drop in pot stocks

Canadian lumber companies and gold miners gained and the country's biggest marijuana producers fell sharply on Friday, leaving the main Toronto equity index slightly higher on the day but down for the week. The Toronto Stock Exchange's S&P/TSX composite i
Published 14 Jan, 2018 12:00am
EU wheat slips to one-week low
Exchange

EU wheat slips to one-week low

Euronext wheat futures fell on Thursday to a one-week low as a sharp rise in the euro threatened to further hamper west European exports amid stiff competition from the Black Sea region. March milling wheat, the most active contract on the Paris-based Eur
Published 14 Jan, 2018 12:00am
Argentine soya output forecast lowered due to drought
Exchange

Argentine soya output forecast lowered due to drought

Argentine farmers will harvest 52 million tonnes of soya in the 2017/18 season, the Rosario grains exchange said in a report late on Wednesday, citing drought as its reason for cutting a previous forecast of 54.5 million tonnes. Due to weather-related del
Published 14 Jan, 2018 12:00am
US natural gas futures jump 6 percent

US natural gas futures jump 6 percent

US natural gas futures surged over 6 percent on Thursday after a federal report showed record withdrawal from storage amid forecasts for colder weather and higher heating demand next week than previously expected. Front-month gas futures for February deli
Published 14 Jan, 2018 12:00am
Ivory Coast cocoa regions hit by hot weather

Ivory Coast cocoa regions hit by hot weather

Weather conditions were mixed for the development of cocoa to be harvested during Ivory Coast's mid-crop as hot, dry weather and Harmattan winds hit most of the main growing regions last week, farmers said on Monday. The 2017/18 season in the world's top
Published 14 Jan, 2018 12:00am
US Midwest corn bids mixed, soya firmer

US Midwest corn bids mixed, soya firmer

Spot basis bids for corn at elevators, processors and river terminals on Thursday in the US Midwest were mostly unchanged to mixed and steady to up slightly for soyabeans, grain merchants said. Corn bids rose by 3 cents per bushel at a Cincinnati, Ohio el
Published 14 Jan, 2018 12:00am
Ukraine's port grain export capacity rises

Ukraine's port grain export capacity rises

Ukraine's Black Sea port grain export capacity rose to 68 million tonnes per year at the end of 2017, while port storage facilities stood at around 3.4 million tonnes, trade magazine Ukraine's Ports said on Wednesday. Export loading capacity was expanded
Published 14 Jan, 2018 12:00am
CBOT soyabean futures drop to four-month low

CBOT soyabean futures drop to four-month low

Chicago Board of Trade soyabean futures declined for the fourth straight session on Thursday, notching fresh four-month lows, as investors evened positions a day ahead of US government crop data, traders said. Estimates from Brazil consultancies for incre
Published 14 Jan, 2018 12:00am
Canadian canola futures slump

Canadian canola futures slump

ICE Canadian canola futures slipped on Thursday for a second straight session, pressured by limited export demand and weak soy prices. Traders were adjusting positions ahead of Friday's US Department of Agriculture reports. Most-active March canola lost $
Published 14 Jan, 2018 12:00am
Palm oil eases on European vegoils market
Vegetable Oil

Palm oil eases on European vegoils market

Palm oil on the European vegetable oils market eased on Thursday on positioning ahead of Friday's USDA supply/demand and crop reports and tracking weaker Malaysian palm oil futures on the back of a strong ringgit. Asking prices for palm oil were between $
Published 14 Jan, 2018 12:00am
Cotton market: main buyers conspicuous by their absence
Cotton

Cotton market: main buyers conspicuous by their absence

Leading buyers were conspicuous by their absence on the cotton market on Saturday in process of sluggish business, dealers said. The official spot rate was unchanged at Rs 7,600, they added. In ready session, over 4,000 bales of cotton changed hands betwe
Published 14 Jan, 2018 12:00am
Indian rice prices gain as Bangladesh keeps up purchases
Currency

Indian rice prices gain as Bangladesh keeps up purchases

Rice prices gained this week in India as Bangladesh continued to lap up the staple grain from its neighbour, while prospects of deals with the Philippines saw rates climb for the first time in three weeks in a relatively quiet Vietnamese market. Top expor
Published 14 Jan, 2018 12:00am
Brazil likely to harvest 114.1 million tonnes of soyabean

Brazil likely to harvest 114.1 million tonnes of soyabean

Brazil is expected to harvest 114.1 million tonnes of soyabeans in the 2017/18 crop season, consultancy Agroconsult said on Thursday, matching an all-time record set in 2016/17. Agroconsult had forecast a 111 million tonne harvest in Brazil, the world's l
Published 14 Jan, 2018 12:00am
US FOB Gulf soya, corn bids higher

US FOB Gulf soya, corn bids higher

Basis bids for corn and soyabeans shipped by barge to the US Gulf Coast were higher for prompt loadings on Thursday as limited farmer sales and slow vessel traffic on icy Midwest rivers continued to underpin prices, traders said. The CIF corn basis rose t
Published 14 Jan, 2018 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

Tea prices in Bangladesh fell at the weekly auction, snapping a two-week run of gains, but strong demand for quality leaf prevented a steeper decline and the proportion of tea sold rose despite a higher volume on offer. Bangladeshi tea fetched an average
Published 14 Jan, 2018 12:00am
CBOT wheat futures lower

CBOT wheat futures lower

Chicago Board of Trade wheat futures were slightly lower on Thursday as traders squared their positions ahead of US Department of Agriculture crop data due on Friday. Analysts expect the USDA to show a drop in US winter wheat seedings compared to a year a
Published 14 Jan, 2018 12:00am
Asian naphtha dives to three-month low

Asian naphtha dives to three-month low

Asia's naphtha crack tumbled 10.5 percent to hit a three-month low of $92.03 a tonne on Thursday on ample supplies despite ongoing demand. South Korea's YNCC bought an average of 75,000 tonnes of naphtha for delivery to Yeosu in the second half of Februar
Published 14 Jan, 2018 12:00am
European gasoline margins edge higher

European gasoline margins edge higher

Gasoline refining margins in northwest Europe edged higher on Thursday, boosted by the prospect of a sharp rise in shipments to Nigeria after a large tender emerged while further gains were tempered by high US stocks. The crack hit its lowest since mid-Ma
Published 14 Jan, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (January 13, 2018).

Published 14 Jan, 2018 12:00am
THE RUPEE: No change
Currency

THE RUPEE: No change

Firmness prevailed on the money market on Saturday as the rupee did not move any side against the dollar in the process of trading activity, dealers said. The rupee stayed put in terms of the dollar for buying and selling at Rs 111.80 and Rs 112.20 respec
Published 14 Jan, 2018 12:00am
THE RUPEE: No change
Currency

THE RUPEE: No change

Firmness prevailed on the money market on Saturday as the rupee did not move any side against the dollar in the process of trading activity, dealers said. The rupee stayed put in terms of the dollar for buying and selling at Rs 111.80 and Rs 112.20 respec
Published 14 Jan, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 13, 2018).

Published 14 Jan, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 13, 2018).

Published 14 Jan, 2018 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (January 13, 2018).

Published 14 Jan, 2018 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 13, 2018).

Published 14 Jan, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (January 13, 2018)

Published 14 Jan, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 13, 2018).

Published 14 Jan, 2018 12:00am
The Weather

The Weather

The weather report on Saturday (January 13, 2018) and the forecast for Sunday (January 14, 2018).

Published 14 Jan, 2018 12:00am
YOUR RUPEE LAST MONTH
Exchange

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (December 4 to 29, 2017)

Published 14 Jan, 2018 12:00am
ISPR scotches India's 'nuclear bluff' claim

ISPR scotches India's 'nuclear bluff' claim

Director General of Inter-Services Public Relations (ISPR), Major General Asif Ghafoor Saturday responded to the Indian army chief 'nuclear bluff' claim, saying that such statements are unbecoming of a person of a responsible stature. The Pakistani milita
Published 14 Jan, 2018 12:00am
ISPR scotches India's 'nuclear bluff' claim

ISPR scotches India's 'nuclear bluff' claim

Director General of Inter-Services Public Relations (ISPR), Major General Asif Ghafoor Saturday responded to the Indian army chief 'nuclear bluff' claim, saying that such statements are unbecoming of a person of a responsible stature. The Pakistani milita
Published 14 Jan, 2018 12:00am
Legislative inaction on reforms ails judicial system: CJP

Legislative inaction on reforms ails judicial system: CJP

Chief Justice of Pakistan Mian Saqib Nisar Saturday said that inordinate delay in delivery of justice is a big problem which warrants a solution. Addressing a ceremony here, the chief justice said, "We cannot make laws, it is the duty of legislature to ma
Published 14 Jan, 2018 12:00am
Legislative inaction on reforms ails judicial system: CJP

Legislative inaction on reforms ails judicial system: CJP

Chief Justice of Pakistan Mian Saqib Nisar Saturday said that inordinate delay in delivery of justice is a big problem which warrants a solution. Addressing a ceremony here, the chief justice said, "We cannot make laws, it is the duty of legislature to ma
Published 14 Jan, 2018 12:00am
PML-Q's Bizenjo elected new Balochistan CM

PML-Q's Bizenjo elected new Balochistan CM

Abdul Quddus Bizenjo of Pakistan Muslim League-Q took oath of the office of Chief Minister Balochistan on Saturday. Bizenjo took oath as the Balochistan Chief Minister, less than a week after ex-CM resigned with ex-home minister Sarfraz Bugti among other
Published 14 Jan, 2018 12:00am
PML-Q's Bizenjo elected new Balochistan CM

PML-Q's Bizenjo elected new Balochistan CM

Abdul Quddus Bizenjo of Pakistan Muslim League-Q took oath of the office of Chief Minister Balochistan on Saturday. Bizenjo took oath as the Balochistan Chief Minister, less than a week after ex-CM resigned with ex-home minister Sarfraz Bugti among other
Published 14 Jan, 2018 12:00am
Political foot-dragging continues to delay FATA Reforms

Political foot-dragging continues to delay FATA Reforms

After 10 months of foot-dragging on FATA Reforms, the PML-N has acted on only one proposal out of a total 24 approved by the federal cabinet on March 2, 2016 due to the political isolation of PML-N after the tragic rape and murder of Zainab in Kasur. PML-
Published 14 Jan, 2018 12:00am
Political foot-dragging continues to delay FATA Reforms

Political foot-dragging continues to delay FATA Reforms

After 10 months of foot-dragging on FATA Reforms, the PML-N has acted on only one proposal out of a total 24 approved by the federal cabinet on March 2, 2016 due to the political isolation of PML-N after the tragic rape and murder of Zainab in Kasur. PML-
Published 14 Jan, 2018 12:00am
Chinese envoy meets Nawaz

Chinese envoy meets Nawaz

Chinese envoy Yao Jing met here with the Ex-Prime Minister Mian Nawaz Sharif and hoped that all the projects relating to China Pakistan Economic Corridor (CPEC) will be executed smoothly. During the meeting held on Saturday, he said CPEC has laid strong f
Published 14 Jan, 2018 12:00am
Essential kitchen items witness decline

Essential kitchen items witness decline

Prices of essential kitchen items witnessed a decline during this week against the preceding week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed that prices of chicken, eggs, tomatoes, potatoes, ginger and m
Published 14 Jan, 2018 12:00am
General Bipin statement amounts to invitation for nuclear encounter: FM

General Bipin statement amounts to invitation for nuclear encounter: FM

Pakistan on Saturday took strong notice of Indian Army Chief's threatening statement, making it clear that it is fully capable of defending itself against any misadventure based on miscalculation. Foreign Minister Khawaja Asif said in a tweet that it was
Published 14 Jan, 2018 12:00am
SC orders lab tests of all packaged milk brands

SC orders lab tests of all packaged milk brands

The Supreme Court on Saturday ordered laboratory tests of all brands of packaged milk available in the market. Hearing a suo motu case pertaining to sale of substandard packaged milk at the Karachi Registry, Chief Justice of Pakistan Justice Saqib Nisar d
Published 14 Jan, 2018 12:00am
SC orders lab tests of all packaged milk brands

SC orders lab tests of all packaged milk brands

The Supreme Court on Saturday ordered laboratory tests of all brands of packaged milk available in the market. Hearing a suo motu case pertaining to sale of substandard packaged milk at the Karachi Registry, Chief Justice of Pakistan Justice Saqib Nisar d
Published 14 Jan, 2018 12:00am
Iran rejects any change to nuclear deal

Iran rejects any change to nuclear deal

Iran on Saturday rejected any modification of its nuclear deal with world powers after US President Donald Trump demanded tough new measures to keep the agreement alive. Iran "will not accept any amendments in this agreement, be it now or in the future, a
Published 14 Jan, 2018 12:00am
Iran rejects any change to nuclear deal

Iran rejects any change to nuclear deal

Iran on Saturday rejected any modification of its nuclear deal with world powers after US President Donald Trump demanded tough new measures to keep the agreement alive. Iran "will not accept any amendments in this agreement, be it now or in the future, a
Published 14 Jan, 2018 12:00am
Oil, gas sector: E&P saw 6 percent negative growth in four years

Oil, gas sector: E&P saw 6 percent negative growth in four years

Pakistan has witnessed 5 to 6 percent negative growth in exploration and production (E&P) in oil and gas sector during the last four years of Pakistan Muslim League-N government. Since 2013 500 million cubic feet per day (mmcfd) local gas has been added t
Published 14 Jan, 2018 12:00am
Oil, gas sector: E&P saw 6 percent negative growth in four years

Oil, gas sector: E&P saw 6 percent negative growth in four years

Pakistan has witnessed 5 to 6 percent negative growth in exploration and production (E&P) in oil and gas sector during the last four years of Pakistan Muslim League-N government. Since 2013 500 million cubic feet per day (mmcfd) local gas has been added t
Published 14 Jan, 2018 12:00am
Oil, gas sector: E&P saw 6 percent negative growth in four years

Oil, gas sector: E&P saw 6 percent negative growth in four years

Pakistan has witnessed 5 to 6 percent negative growth in exploration and production (E&P) in oil and gas sector during the last four years of Pakistan Muslim League-N government. Since 2013 500 million cubic feet per day (mmcfd) local gas has been added t
Published 14 Jan, 2018 12:00am
Policy being amended: increase in drug prices to be linked with CPI

Policy being amended: increase in drug prices to be linked with CPI

The federal government has decided to amend Drugs Pricing Policy 2015 to link increase in drug prices with Consumer Price Index (CPI) and allow cumulative effect in case of court cases, sources close to Minister for National Health Services, Regulations a
Published 14 Jan, 2018 12:00am
Policy being amended: increase in drug prices to be linked with CPI

Policy being amended: increase in drug prices to be linked with CPI

The federal government has decided to amend Drugs Pricing Policy 2015 to link increase in drug prices with Consumer Price Index (CPI) and allow cumulative effect in case of court cases, sources close to Minister for National Health Services, Regulations a
Published 14 Jan, 2018 12:00am
Policy being amended: increase in drug prices to be linked with CPI

Policy being amended: increase in drug prices to be linked with CPI

The federal government has decided to amend Drugs Pricing Policy 2015 to link increase in drug prices with Consumer Price Index (CPI) and allow cumulative effect in case of court cases, sources close to Minister for National Health Services, Regulations a
Published 14 Jan, 2018 12:00am
Narcotics worth $32 million seized

Narcotics worth $32 million seized

Pakistan Coast Guards on Saturday foiled an attempt to smuggle 400 kg of narcotics worth Rs 3.5 billion (around 32 million U.S. dollars) in the international market in Pakistan's south western Balochistan province, state-run broadcaster Radio Pakistan re
Published 14 Jan, 2018 12:00am
Narcotics worth $32 million seized

Narcotics worth $32 million seized

Pakistan Coast Guards on Saturday foiled an attempt to smuggle 400 kg of narcotics worth Rs 3.5 billion (around 32 million U.S. dollars) in the international market in Pakistan's south western Balochistan province, state-run broadcaster Radio Pakistan re
Published 14 Jan, 2018 12:00am
Palestinians rally in support of jailed 'slap video' teen

Palestinians rally in support of jailed 'slap video' teen

Clashes broke out after dozens of Palestinian and Arab Israeli supporters of jailed teenager Ahed Tamimi protested near her home in the occupied West Bank on Saturday, AFP correspondents said. Tamimi, 16, was arrested on December 19, days after a video we
Published 14 Jan, 2018 12:00am
Palestinians rally in support of jailed 'slap video' teen

Palestinians rally in support of jailed 'slap video' teen

Clashes broke out after dozens of Palestinian and Arab Israeli supporters of jailed teenager Ahed Tamimi protested near her home in the occupied West Bank on Saturday, AFP correspondents said. Tamimi, 16, was arrested on December 19, days after a video we
Published 14 Jan, 2018 12:00am
Saudi Binladin Group denies government takeover after chief detained

Saudi Binladin Group denies government takeover after chief detained

Saudi construction giant Binladin Group denied Saturday any state takeover after its chairman was detained, but said some shares may have been transferred to the government. The firm, which has been forced to lay off tens of thousands of workers due to fi
Published 14 Jan, 2018 12:00am
Saudi Binladin Group denies government takeover after chief detained

Saudi Binladin Group denies government takeover after chief detained

Saudi construction giant Binladin Group denied Saturday any state takeover after its chairman was detained, but said some shares may have been transferred to the government. The firm, which has been forced to lay off tens of thousands of workers due to fi
Published 14 Jan, 2018 12:00am
Saudi Binladin Group denies government takeover after chief detained

Saudi Binladin Group denies government takeover after chief detained

Saudi construction giant Binladin Group denied Saturday any state takeover after its chairman was detained, but said some shares may have been transferred to the government. The firm, which has been forced to lay off tens of thousands of workers due to fi
Published 14 Jan, 2018 12:00am
Fata reforms

Fata reforms

The National Assembly passed on Friday the landmark "Supreme Court and High Court (extension of jurisdiction to Fata) Act, 2017", abolishing the draconian Frontier Crimes Regulations (FCR) devised by the British colonial rulers way back in 1901 to control
Published 14 Jan, 2018 12:00am
Judicial activism and the public interest

Judicial activism and the public interest

While hearing on Thursday a suo motu case of exorbitant fees charged by private medical colleges, Chief Justice Saqib Nisar iterated his resolve to continue acting in the public interest without paying heed to criticism. He, of course, was responding to d
Published 14 Jan, 2018 12:00am
Women to steer their own destiny

Women to steer their own destiny

The idea of women empowerment implies that they achieve more control and power over their lives - professional and personal. Despite progress globally, and the fact that gender equality seems to be a universal principle, women, especially in developing na
Published 14 Jan, 2018 12:00am
So close yet so far: China deal elusive for France's Areva

So close yet so far: China deal elusive for France's Areva

A deal long sought by French company Areva to build a $12-billion nuclear waste reprocessing plant in China looks increasingly unlikely to go ahead despite a visit to Beijing by President Emmanuel Macron meant to drum up business. During Macron's state vi
Published 14 Jan, 2018 12:00am
Merkel risks leading weak 'losers' coalition for Germany

Merkel risks leading weak 'losers' coalition for Germany

Germany's veteran chancellor Angela Merkel, often called the world's most powerful woman, will embark on a fourth term with diminished influence and little vision for shaping Europe's future, analysts say. After wrapping up more than 24 hours of talks Fri
Published 14 Jan, 2018 12:00am
India's SC is a house on fire

India's SC is a house on fire

There are no two opinions about the fact that India's Supreme Court is a house on fire. The press conference by four senior-most judges of apex court against the Chief Justice has brought under a sharper focus the role of incumbent government that has cle
Published 14 Jan, 2018 12:00am
Pakistan has great potential in shale sector: Abbasi

Pakistan has great potential in shale sector: Abbasi

Prime Minister Shahid Khaqan Abbasi says Pakistan has great potential in the shale sector that offers vast investment opportunities in the country. He was addressing the annual ceremony of Mari Petroleum in Islamabad on Saturday. He emphasized the need to
Published 14 Jan, 2018 12:00am
Country can't afford politics of anarchy: Shahbaz

Country can't afford politics of anarchy: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif on Saturday said that Pakistan can not bear politics of anarchy. He said this while talking to Railways Minister Khawaja Saad Rafique, here on Saturday. Shahbaz said that defeated elements do not want prosperi
Published 14 Jan, 2018 12:00am
Jhagra welcomes establishment of NIC in KP

Jhagra welcomes establishment of NIC in KP

Khyber Pakhtunkhwa Governor, Iqbal Zafar Jhagra while welcoming the establishment of National Incubation Centre (NIC) under the aegis of Federal Ministry of Information Technology and Telecom in Peshawar has said that such initiatives would provide ample
Published 14 Jan, 2018 12:00am
Hudaibiya Paper Mills: PTI decides to pursue case against Sharifs

Hudaibiya Paper Mills: PTI decides to pursue case against Sharifs

Pakistan Tehreek-e-Insaf (PTI) on Saturday decided to actively pursue the Hudaibiya Paper Mills case against Sharif family in the Supreme Court whether or not National Accountability Bureau (NAB) follows it in the court. The decision was taken in PTI core
Published 14 Jan, 2018 12:00am
Jellyfish bloom on Sindh's coast a threat to other fish species: experts

Jellyfish bloom on Sindh's coast a threat to other fish species: experts

Prof Dr Mukhtiar Ahmed Mahar Director Centre for Coastal and Deltaic Studies University of Sindh Campus Thatta and Dr Baradi Waryani a Postdoc Scholar in Evolutionary Biology from Institute of Zoology Chinese Academy of Sciences Beijing visited few areas
Published 14 Jan, 2018 12:00am
Balochistan Assembly session: Zardari's close aide faces media blitz

Balochistan Assembly session: Zardari's close aide faces media blitz

Presence of Pakistan People's Party (PPP) co-chairman Asif Ali Zardari's close aide Qayyum Soomro on Saturday in Balochistan Assembly during voting to elect new chief minister has caught political commentators' attention. Growing terms between candidate o
Published 14 Jan, 2018 12:00am
Turkish CG's farewell call on Shahbaz

Turkish CG's farewell call on Shahbaz

Punjab Chief Minister Mohammad Shahbaz Sharif said that Turkey was the first country which supported Pakistan after the tweet of the US President while Turkish companies are working in Pakistan specially Punjab. He said this while talking to Consul Genera
Published 14 Jan, 2018 12:00am
DNA tests of 'dubious' persons to be carried out: IGP

DNA tests of 'dubious' persons to be carried out: IGP

Punjab Inspector General Police (IGP) Arif Nawaz Khan has said that DNA tests of all dubious persons will be carried out by ensuring full cooperation from NADRA so that the culprit behind Zainab's case could be taken to task. He said that scientific-based
Published 14 Jan, 2018 12:00am
Terrorists groups' activities a threat to humanity: Yemini

Terrorists groups' activities a threat to humanity: Yemini

The activities of terrorists' groups like Daesh are threat to the humanity during the defining moments of the history when we are facing racism, hatred and extremism, which are counter revolution and are meant to crush people fighting for democracy.
Published 14 Jan, 2018 12:00am
Khattak inaugurates 23 uplift projects in Haripur

Khattak inaugurates 23 uplift projects in Haripur

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has inaugurated 23 newly-established development projects at a total cost of Rs. 21.995 billion at Haripur. During his day-long visit to Haripur City and newly-established Khanpur Tehsil of District Haripur
Published 14 Jan, 2018 12:00am
Nafisa Shah hails passage of Fata reforms bill

Nafisa Shah hails passage of Fata reforms bill

PPP Central Information Secretary Dr Nafisa Shah has congratulated the opposition parties on leading the movement that led to the passing 'The Supreme Court and High Court Extension Bill 2018,'in the National Assembly, which extends the jurisdiction of th
Published 14 Jan, 2018 12:00am
Bilawal felicitates Bizenjo

Bilawal felicitates Bizenjo

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has extended felicitations to Abdul Quddus Bizenjo on his election as new chief minister of Balochistan who was voted as 16th chief executive of country's area-wise largest province on Saturday. In a
Published 14 Jan, 2018 12:00am
SC asks medical colleges to furnish merit and admissions lists

SC asks medical colleges to furnish merit and admissions lists

Supreme Court has asked private medical colleges of the country, particularly those imparting education in Punjab, to submit a list pertaining to number of admission applications of students, merit lists and number of admitted students within a week. Anno
Published 14 Jan, 2018 12:00am
Fata politicians, students hail superior courts' extension

Fata politicians, students hail superior courts' extension

Tribal elders of the agencies of the Federally Administered Tribal Areas and leaders of Pakistan's political and religious parties, social right activists and youths and students of the area, welcomed the passage of the Fata reforms bill by the National A
Published 14 Jan, 2018 12:00am
FPCCI urged to strengthen industry in KP

FPCCI urged to strengthen industry in KP

Industrialists have said that the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) would play an important role in strengthening the budding industry in Khyber Pakhtunkhwa province. They said that the new president of FPCCI Ghazanfar Bilou
Published 14 Jan, 2018 12:00am
Pakistan, US must work together to defeat terrorism: Aizaz

Pakistan, US must work together to defeat terrorism: Aizaz

Pakistan's Ambassador to the United States Aizaz Chaudhry says Islamabad and Washington must work together to defeat the common threat of terrorism. While interacting with international media, the ambassador said cooperation between two countries was crit
Published 14 Jan, 2018 12:00am
US apprised about Pakistan's concerns: FO

US apprised about Pakistan's concerns: FO

Pakistan has appraised the United States about its serious concerns which need to be addressed for moving forward. Talking to a private news channel, Foreign Office Spokesperson Dr Muhammad Faisal said that there is a need to find common ground in diploma
Published 14 Jan, 2018 12:00am
Turkmen FM due tomorrow

Turkmen FM due tomorrow

On the invitation of Foreign Minister, Khawaja Muhammad Asif, the Deputy Chairman of Cabinet of Ministers/Minister of Foreign Affairs of Turkmenistan, Rashid Meredov will visit Islamabad on 15-16 January 2018. According to an official statement issued on
Published 14 Jan, 2018 12:00am
PTCL & LMKT ignite the entrepreneurial spark in KP

PTCL & LMKT ignite the entrepreneurial spark in KP

Pakistan Telecommunication Company Limited (PTCL), Pakistan's leading telecommunications services provider and LMKT, an award-winning full-service technology company based out of Islamabad, are pleased to announce the formal inauguration of National Incub
Published 14 Jan, 2018 12:00am
Thefts, snatching cases on the rise in Islamabad

Thefts, snatching cases on the rise in Islamabad

More than 13 incidents of various kinds of thefts, burglary and snatching at gunpoint were reported to various police stations of Islamabad during the last week, depriving citizens of valuables worth million of rupees. According to data gathered by Bus
Published 14 Jan, 2018 12:00am
PFC team off to Italy

PFC team off to Italy

Pakistan Furniture Council (PFC) high level delegation on Saturday left for Italy to promote trade links via mutual collaboration between Pakistani and Italian business community through business-to-business (B2B) meetings after attending 3-day internatio
Published 14 Jan, 2018 12:00am
LCCI opposes move to impose fresh RD

LCCI opposes move to impose fresh RD

The Lahore Chamber of Commerce and Industry has opposed the government's plan to impose fresh regulatory duty as it will destroy trade and industry and would also shatter the confidence of local and foreign investors. LCCI President Malik Tahir Javaid in
Published 14 Jan, 2018 12:00am
German experts to train Pakistani doctors

German experts to train Pakistani doctors

German experts would extend cooperation for the development of pediatric surgery in Pakistan especially in Punjab. Collaboration would also be extended to enhance the facilities of paeds surgery in the hospitals and capacity building/training of the docto
Published 14 Jan, 2018 12:00am
Zainab's case: LEAs unveil latest CCTV footage of 'suspect'

Zainab's case: LEAs unveil latest CCTV footage of 'suspect'

The law enforcement agencies (LEAs) on Saturday unveiled latest CCTV camera footage of a suspected person that they believe was involved in the abduction, rape and murder of the seven-year-old Zainab in Kasur district. In the footage, a bearded man having
Published 14 Jan, 2018 12:00am
Anti-polio drive begins today in Faisalabad

Anti-polio drive begins today in Faisalabad

As many as 1.357 million children under 5 years of age would be administered polio vaccine drops in the district during the next round of anti polio campaign which would be continue from 15 to 17 January and additional two days would be observed as sweepi
Published 14 Jan, 2018 12:00am
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