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Archive - 2018-01-21
Iran urges end to Turkey Syria operation
Front Top News

Iran urges end to Turkey Syria operation

TEHRAN: Iran on Sunday urged an end to a Turkish military offensive in northwestern Syria and called on Ankara to pl
Published 21 Jan, 2018 08:21pm
SSGC wins CSR award

SSGC wins CSR award

SSGC's Corporate Social Responsibility (CSR) initiatives won tremendous accolades at the 10th CSR Summit and Awards 2018. Shahbaz Islam, Head of Corporate Communications, SSGC received the award in the category of 'Sustainability Initiative' on behalf of
Published 21 Jan, 2018 12:00am
Bilawal accuses PML-N of taking away credit of CPEC

Bilawal accuses PML-N of taking away credit of CPEC

Pakistan People's Party (PPP) chief Bilawal Bhutto Zardari has accredited the political front with initiation of historic China-Pakistan Economic Corridor (CPEC) and alleged the ruling Pakistan Muslim League-Nawaz (PML-N) of attempting to snatch the credi
Published 21 Jan, 2018 12:00am
SU body to probe question paper's leak

SU body to probe question paper's leak

SU Vice Chancellor Prof Dr Fateh Muhammad Burfat has taken a serious notice of the recent leakage of BA, BSc and BCom papers that were scheduled at the varsity's affiliated colleges and has formed high-powered inquiry committees to ascertain hands behind
Published 21 Jan, 2018 12:00am
Provocative speeches: ATC defers indictment of Sattar, other MQM leaders

Provocative speeches: ATC defers indictment of Sattar, other MQM leaders

An anti-terrorism court (ATC) on Saturday deferred indictment of MQM-P chief Dr Farooq Sattar and other leaders in cases pertaining to the provocative speeches by the party founder. The ATC judge became irked when the MQM leaders moved an application seek
Published 21 Jan, 2018 12:00am
BA & LLB: KU notifies last date for exams forms

BA & LLB: KU notifies last date for exams forms

University of Karachi has notified that the last date of submission of examinations forms and fee of B.A. Part 1, Part 2 or both parts, B.O.L and Improvement of Division, External Annual Examinations 2017 will be January 25, 2018 with late fees. Examinati
Published 21 Jan, 2018 12:00am
KE sets up facilitation desk

KE sets up facilitation desk

K-Electric has set up a facilitation desk to receive applications from eligible residential, commercial and industrial customers interested in availing net-metering facility. The initiative is in line with NEPRA's net-metering guidelines where customers c
Published 21 Jan, 2018 12:00am
President urges universities to promote Urdu

President urges universities to promote Urdu

President Mamnoon Hussain inaugurated newly constructed building of Anjuman-e-Taraqqi-e-Urdu "Urdu Bagh" in Karachi Saturday. Addressing ceremony on the occasion, he said as Urdu is a national language therefore everyone has to work for its promotion. He
Published 21 Jan, 2018 12:00am
Sindh, Fata lag behind rest of country in science education

Sindh, Fata lag behind rest of country in science education

It is very alarming to read that Sindh and FATA lag behind rest of the country as far as science education is concerned; revealed a report released by Alif Ailan on Powering Pakistan for the 21st century: The State of Math & Science in Schools. The study
Published 21 Jan, 2018 12:00am
LCCI wants trade policy to focus on exports-related issues

LCCI wants trade policy to focus on exports-related issues

The Lahore Chamber of Commerce & Industry (LCCI) has expressed the hope that upcoming Trade Policy will focus on addressing issues hindering growth of exports. "The government needs to realize that the country requires a paradigm shift to enable local bus
Published 21 Jan, 2018 12:00am
MNA's nephew's murder: two suspects arrested from Iran

MNA's nephew's murder: two suspects arrested from Iran

Two prime suspects accused of a high-profile killing incident, which claimed the life of the nephew of ruling party's MNA Afzal Khokhar, have been arrested by the Iranian authorities while attempting to flee to Turkey, reliable sources told Business Re
Published 21 Jan, 2018 12:00am
Iftikhar re-elected SAARC CCI's VP

Iftikhar re-elected SAARC CCI's VP

Veteran businessman Iftikhar Ali Malik has been re-elected as vice-president of SAARC Chamber of Commerce and Industry (SAARC CCI), an apex body of regional chambers in the region, for sixth consecutive two-year term. A notification to this effect was iss
Published 21 Jan, 2018 12:00am
'PITB's automated system collects Rs 10.27 billion within two years'

'PITB's automated system collects Rs 10.27 billion within two years'

The Punjab Information Technology Board (PITB)'s automated Motor Vehicle Registration System (MVRS) developed for the Punjab Excise, Taxation and Narcotics Control Department (ETN&C) collected Rs 10.27 billion on account of 250,000 vehicles token tax in t
Published 21 Jan, 2018 12:00am
Foreign buyers evince interest in Pak furniture: PFC

Foreign buyers evince interest in Pak furniture: PFC

Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq Saturday said that furniture producing companies of Germany, Italy and Spain have shown keen interest in Pakistani furniture market and desired to initiate joint ventures with their Pakis
Published 21 Jan, 2018 12:00am
Prime Minister slams Imran's anti-parliament remarks

Prime Minister slams Imran's anti-parliament remarks

Prime Minister Shahid Khaqan Abbasi slammed the Pakistan Tehreek-e-Insaf Chairman Imran Khan over his alleged anti-parliament remarks, daring his party to resign from the assemblies and dissolve them. "No one in past has cursed the parliament," he recalle
Published 21 Jan, 2018 12:00am
Pakistan grieved over Turkish incident

Pakistan grieved over Turkish incident

The government of Pakistan expressed their deepest grief and sorrow over the loss of several precious lives as a result of accident in Eskisehir province of Turkey on Saturday, says a press release.
Published 21 Jan, 2018 12:00am
KP E&T department collects Rs 10 billion in five years

KP E&T department collects Rs 10 billion in five years

Department of Excise & Taxation, Khyber Pakhtunkhwa has collected revenue of over Rs 10 billion during the period from 2012-13 to 2016-17 while another sum of Rs 692.934 million has been collected in the first quarter of the current fiscal year 2017-18. T
Published 21 Jan, 2018 12:00am
PML-N believes in democratic traditions, public service: Shahbaz

PML-N believes in democratic traditions, public service: Shahbaz

Chief Minister Punjab Shahbaz Sharif said on Saturday that the PML-N is doing the politics of economic uplift and public prosperity, and those doing politics of sit-ins are actually multiplying sufferings of the people. While talking to a delegation of th
Published 21 Jan, 2018 12:00am
Supreme Court body reviews OLMT project

Supreme Court body reviews OLMT project

The members of the Special Committee of Experts, constituted by the Supreme Court to oversee the construction of Lahore Orange Line Metro Train Project (OLMTP), reported that the results of sound and vibration collected from various monuments falling near
Published 21 Jan, 2018 12:00am
Supreme Court body reviews OLMT project

Supreme Court body reviews OLMT project

The members of the Special Committee of Experts, constituted by the Supreme Court to oversee the construction of Lahore Orange Line Metro Train Project (OLMTP), reported that the results of sound and vibration collected from various monuments falling near
Published 21 Jan, 2018 12:00am
Crime rate continues to rise in Islamabad

Crime rate continues to rise in Islamabad

The incidents of vehicle theft, robbery, burglary, snatching at gunpoint and kidnapping have been witnessed a significant increase during the last week in the federal capital, belying tall claims of police that they have busted many criminal gangs. Accord
Published 21 Jan, 2018 12:00am
Malik hails ban on Mashaal Radio

Malik hails ban on Mashaal Radio

Former Interior Minister and Chairman Senate Standing Committee on Interior Senator A Rehman Malik has appreciated the Ministry of Interior for banning the Mashaal Radio broadcasting. He said that Mashaal Radio's programmes were against the country's inte
Published 21 Jan, 2018 12:00am
Sialvi urges Punjab government to enforce Sharia

Sialvi urges Punjab government to enforce Sharia

Religious scholar, Pir Hameeduddin Sialvi has warned Government of Punjab on Saturday to impose sharia law within a period of seven days lest the religious groups would shut down the entire province. While addressing a sit in protest here on Saturday in f
Published 21 Jan, 2018 12:00am
MMA coalition partners to quit other alliances

MMA coalition partners to quit other alliances

Parties of the revived religious alliance, Muttahida Majlis-e-Amal is set to leave the existing individual party alliances with the central and provincial governments in order to adopt a future line of action. Jamaat-e-Islami politician Dr Farid Piracha t
Published 21 Jan, 2018 12:00am
PBIF chief for increasing textile package
Cotton

PBIF chief for increasing textile package

To grab the available opportunities in the international market, full and instant realisation of Rs 180 billion textile package announced by the former prime minister Nawaz Sharif is very important and need to be enhanced further, said Pakistan Businessme
Published 21 Jan, 2018 12:00am
SECP grants registration to IGI General Insurance
Exchange

SECP grants registration to IGI General Insurance

The Securities and Exchange Commission of Pakistan (SECP) has granted registration to IGI General Insurance and authorized the company to carry on non-life insurance business in Pakistan from January 16, 2018. In this regard, the SECP has issued notice of
Published 21 Jan, 2018 12:00am
L&O situation much better for foreign investment: minister

L&O situation much better for foreign investment: minister

Minister for States and Frontier Regions, Lieutenant General Abdul Qadir Bloch (retired) said on Saturday that due to efforts of the present government, security situation in the country has improved and Pakistan is now secure for the investment. "Pakista
Published 21 Jan, 2018 12:00am
Rice exports mark 29 percent growth in first half
Exchange

Rice exports mark 29 percent growth in first half

Rice exports from Pakistan have seen significant growth of 29 percent during the first half (July-Dec) of this fiscal year (FY18). According to Rice Exporters Association of Pakistan (REAP), in terms of value, the country exported rice amounting to US$881
Published 21 Jan, 2018 12:00am
Call to restore private sector's Hajj quota

Call to restore private sector's Hajj quota

Hajj Operators Association of Pakistan (HOAP) Punjab Chairman Shahid Rafiq has said that Hajj and Religious Affairs Ministry has done injustice to the private hajj operators who have invested billions of rupees in this sector to provide quality services t
Published 21 Jan, 2018 12:00am
Sattar blames Sindh government for police's high-handedness

Sattar blames Sindh government for police's high-handedness

Muttahida Qaumi Movement-Pakistan (MQM-P) leader Farooq Sattar on Saturday held the government of Sindh responsible for deteriorating law and order situation and police high-handedness in the provincial capital. Talking to newsmen here after an anti-terro
Published 21 Jan, 2018 12:00am
Sanaullah refuses to resign

Sanaullah refuses to resign

While rejecting demands of resignation, Punjab law minister Rana Sanaullah has on Saturday asserted that Pir Hameeduddin Sialvi would leave Lahore after paying visit to Data Darbar. Sanaullah chaired a session here in Lahore Saturday. The sitting was held
Published 21 Jan, 2018 12:00am
China ramps up aluminium output amid new capacity launches

China ramps up aluminium output amid new capacity launches

China's aluminium production rebounded in December to its highest since June, reversing five months of declines, as state-owned Chinalco launched new capacity even as Beijing curbed its private rivals, lifting 2017 output to a record. The world's top alum
Published 21 Jan, 2018 12:00am
Malaysian palm prices to rise to 2,500-2,700 rgt/T range
Vegetable Oil

Malaysian palm prices to rise to 2,500-2,700 rgt/T range

Malaysian palm oil prices are expected to trade at 2,500-2,700 ringgit ($635-$686) per tonne due to falling production from March onwards, and as stock levels decline from now until July, said leading vegetable oils analyst Dorab Mistry on Saturday. That
Published 21 Jan, 2018 12:00am
French wheat export forecast cut again on Black Sea competition

French wheat export forecast cut again on Black Sea competition

Farming agency FranceAgriMer lowered its forecast for French soft wheat exports outside the EU this season for a third straight month and said there could be more cuts due to unrelenting competition from the Black Sea region. In cereal supply and demand d
Published 21 Jan, 2018 12:00am
EU cereal crops in good shape after mild, wet weather

EU cereal crops in good shape after mild, wet weather

Cereal crops in the European Union are in decent condition after mild temperatures and abundant rainfall so far this winter, analyst firm Strategie Grains said on Thursday. The rain has boosted groundwater reserves - an important factor for crop developme
Published 21 Jan, 2018 12:00am
ICE cotton rises on strong export sales report
Cotton

ICE cotton rises on strong export sales report

ICE cotton futures gained 1 percent on Friday after a strong US government export sales report prompted purchases. The most active ICE cotton contract for March expiry settled up 0.79 cent, or 0.96 percent, at 83.42 cents per lb. It traded within a range
Published 21 Jan, 2018 12:00am
Thailand eliminates domestic sugar price controls

Thailand eliminates domestic sugar price controls

Thailand's military government has eliminated control of domestic sugar prices and sales administration, the industry minister said on Tuesday, as part of a regulatory overhaul to avoid a trade dispute with Brazil. The moves were outlined in a series of g
Published 21 Jan, 2018 12:00am
As stockpiles fall, which metals are really in tight supply?
Exchange

As stockpiles fall, which metals are really in tight supply?

Stocks of industrial metals in London Metal Exchange (LME) warehouses fell more than 40 percent last year and further declines are expected in 2018, which should in theory signal tighter supplies and fuel a blistering price rally. But rising inventories o
Published 21 Jan, 2018 12:00am
China coal output hits two-year record

China coal output hits two-year record

China's December coal output rose from November to hit its highest level since December 2015, as miners boosted output to meet increasing demand after Beijing softened winter coal burning restrictions in northern homes due to gas shortages. The world's bi
Published 21 Jan, 2018 12:00am
Brazil may soon unleash a record crop onto the soya market

Brazil may soon unleash a record crop onto the soya market

Brazilian soyabean harvest predictions have inched upward this month, yet they still sit short of the year-ago record. But farmers in the No. 1 exporter have proven they can grow a bean crop and the country could be on its way to a new high in 2018.
Published 21 Jan, 2018 12:00am
Turkey launches offensive against Kurdish militia in Syria

Turkey launches offensive against Kurdish militia in Syria

Turkey on Saturday launched a new air and ground operation to oust Kurdish militia from their northern Syrian enclave, defying US warnings that the action risked further destabilising the area after almost seven years of civil war. President Recep Tayyip
Published 21 Jan, 2018 12:00am
UK says Turkey has 'legitimate interest' in Syria border security

UK says Turkey has 'legitimate interest' in Syria border security

Britain said Nato ally Turkey had a "legitimate interest" in the security of its borders, after Ankara launched attacks on Kurdish militia Saturday. Turkey began a new air and ground operation to oust Kurdish militia from their northern Syrian enclave, de
Published 21 Jan, 2018 12:00am
Facebook to prioritize 'trustworthy' news based on surveys
Kerb

Facebook to prioritize 'trustworthy' news based on surveys

Facebook Inc will prioritize "trustworthy" news in its feed of social media posts, using member surveys to identify high-quality outlets and fight sensationalism and misinformation, Chief Executive Mark Zuckerberg said on Friday. The company, which has mo
Published 21 Jan, 2018 12:00am
India restricts use of imported petcoke in Delhi region

India restricts use of imported petcoke in Delhi region

India's environment ministry has placed restrictions on the use of imported petroleum coke in the capital Delhi and its surrounding region, in the latest effort to curb rising air pollution. As the world's largest consumer of petcoke, India imports over h
Published 21 Jan, 2018 12:00am
Airport in Libya's capital reopens

Airport in Libya's capital reopens

The only functioning airport in the Libyan capital reopened on Saturday after a five-day closure caused by deadly clashes that left passenger jets damaged. Mitiga airport, located just east of Tripoli city centre, appeared to be operating normally, with b
Published 21 Jan, 2018 12:00am
Eleven killed Turkey ski holiday bus crash

Eleven killed Turkey ski holiday bus crash

Eleven people were killed on Saturday and 46 injured when a Turkish intercity bus taking families bound for a half-term skiing trip crashed into trees while travelling on a motorway, local officials said. The bus, which was making an overnight journey fro
Published 21 Jan, 2018 12:00am
China says US warship 'violated' its sovereignty

China says US warship 'violated' its sovereignty

Beijing on Saturday said it had dispatched a warship to drive away a US missile destroyer which had "violated" its sovereignty by sailing close to a shoal in the disputed South China Sea. The USS Hopper sailed within 12 nautical miles of Huangyan Island o
Published 21 Jan, 2018 12:00am
Four US, Canadian captives freed in Nigeria

Four US, Canadian captives freed in Nigeria

Two American and two Canadians who were kidnapped in an ambush by gunmen in northern Nigeria this week were freed on Saturday, police said. Nigerian security forces had launched a manhunt after the four were seized on Tuesday evening in the state of Kadun
Published 21 Jan, 2018 12:00am
Duterte bans nationals from working in Kuwait

Duterte bans nationals from working in Kuwait

President Rodrigo Duterte has banned Philippine citizens from travelling to Kuwait to work following reports of widespread abuse and exploitation, his spokesman said Saturday. Duterte ordered the ban after reports emerged about the deaths of several Filip
Published 21 Jan, 2018 12:00am
17 killed in New Delhi factory fire

17 killed in New Delhi factory fire

At least 17 workers were killed Saturday in a fire at a factory on the outskirts of India's capital, officials said. The blaze started in the basement of a three-storey plastic manufacturing facility in the Bawana industrial area on the northern edge of N
Published 21 Jan, 2018 12:00am
Sri Lanka president takes charge of economy as coalition rift widens

Sri Lanka president takes charge of economy as coalition rift widens

Sri Lanka's president announced Saturday that he would take control of the island's economy from the prime minister, as relations worsen between the ruling party and its main coalition partner. Maithripala Sirisena said he would directly manage the econom
Published 21 Jan, 2018 12:00am
Germany weighs new sanctions against Iran

Germany weighs new sanctions against Iran

Germany is lobbying among European allies to agree new sanctions against Iran in an attempt to prevent US President Donald Trump from terminating an international deal curbing Tehran's nuclear programme, Der Spiegel magazine reported on Saturday. The repo
Published 21 Jan, 2018 12:00am
Fukushima operator releases fresh images of reactor wreckage

Fukushima operator releases fresh images of reactor wreckage

The operator of Fukushima's crippled nuclear power plant has released fresh images of the wreckage inside a damaged reactor, showing broken metal parts and debris that could be melted fuel. Tokyo Electric Power Co (TEPCO) inserted a special camera into on
Published 21 Jan, 2018 12:00am
Myanmar finalises Rohingya repatriation preparations

Myanmar finalises Rohingya repatriation preparations

Myanmar was making final preparations to take back the first batch of Rohingya Muslims who had fled conflict in troubled Rakhine state, state media said on Saturday, despite growing doubts about the plan among refugees and in the United Nations. Rakhine s
Published 21 Jan, 2018 12:00am
French prison guards suspend strike to mull proposals

French prison guards suspend strike to mull proposals

Two of France's three major prison unions suspended their protest action on Saturday as fresh proposals on security and employment were submitted to striking staff after a week of tension. Guards across the country have staged strikes and protests followi
Published 21 Jan, 2018 12:00am
US elections: Twitter to notify users exposed to Russian propaganda

US elections: Twitter to notify users exposed to Russian propaganda

Twitter Inc, which is reviewing Russian interference during the 2016 US elections, said on Friday it would notify some of its users whether they were exposed to content generated by a suspected Russian propaganda service. The company said it would email 6
Published 21 Jan, 2018 12:00am
UK teen gained access to CIA chief's accounts

UK teen gained access to CIA chief's accounts

A British teenager managed to access the communications accounts of top US intelligence and security officials including the then CIA chief John Brennan, a London court heard Friday. Kane Gamble, now 18, was aged 15 and 16 when, from his bedroom in Coalvi
Published 21 Jan, 2018 12:00am
Federer keeps hunt for Slam number 20 on track

Federer keeps hunt for Slam number 20 on track

Defending champion Roger Federer continued his dominance over Richard Gasquet to reach the round of 16 at the Australian Open on Saturday and keep his quest for a 20th Grand Slam title on track. The Swiss star beat the Frenchman 6-2, 7-5, 6-4 in just unde
Published 21 Jan, 2018 12:00am
Coleman runs 6.37 seconds to break 60 metres world record

Coleman runs 6.37 seconds to break 60 metres world record

American world 100m silver medallist Christian Coleman broke the 60 metres indoor world record on Friday, clocking 6.37 seconds at a meeting in Clemson, South Carolina. Coleman's mark eclipsed the previous record of 6.39 seconds set twice by fellow Americ
Published 21 Jan, 2018 12:00am
Figure skating: French record-breakers win fourth European title

Figure skating: French record-breakers win fourth European title

Gabriella Papadakis and Guillaume Cizeron broke their own world record score to claim a fourth straight European ice dance title in Moscow on Saturday. The all-conquering French duo blitzed the Russian-led opposition with a perfect free dance routine. Tha
Published 21 Jan, 2018 12:00am
Djokovic powers into 11th Aussie Open fourth round

Djokovic powers into 11th Aussie Open fourth round

Novak Djokovic battled with a lower back injury as he claimed his 11th round of 16 appearance at the Australian Open on Saturday. The six-time champion advanced with a clear-cut 6-2, 6-3, 6-3 win over Spanish 21st seed Albert Ramos-Vinolas in 2hr 21min on
Published 21 Jan, 2018 12:00am
Sharapova out as 'almost dead' Halep survives
Kerb

Sharapova out as 'almost dead' Halep survives

Maria Sharapova was sent crashing out of the Australian Open in a crushing defeat by Angelique Kerber Saturday as Simona Halep survived a titanic struggle to make the last 16. With the temperatures a manageable 26 Celsius (79 Farenheit) at Melbourne Park
Published 21 Jan, 2018 12:00am
Berdych ends Del Potro's Australian Open

Berdych ends Del Potro's Australian Open

Veteran Tomas Berdych reached the round of 16 for the 10th time at the Australian Open with a straight sets win over Juan Martin Del Potro on Saturday. The 32-year Czech eliminated the 12th-seeded Argentine 6-3, 6-3, 6-2 in 2hr 16min on Hisense Arena. Ber
Published 21 Jan, 2018 12:00am
National Boxing Championships starts

National Boxing Championships starts

The 36th National Men and the 1st National Women Boxing Championships has been started here at Wapda Sports Complex on Saturday. Wapda chairman and Wapda Sports Board Patron-in-Chief Lieutenant General Muzammil Hussain (Retd) and Pakistan Olympic Associat
Published 21 Jan, 2018 12:00am
Guard group vows to promote motor sports

Guard group vows to promote motor sports

Guard group of companies has vowed to patronize and promote motor sports in Pakistan so as the game can achieve the recognition in the country as it is recognized world over. This was stated by the patron in chief of Pakistan Motor Racing Club (PMRC) and
Published 21 Jan, 2018 12:00am
IOC cuts number of Russians eligible for Games

IOC cuts number of Russians eligible for Games

The number of Russian athletes eligible to take part at next month's Winter Olympics in Pyeongchang has been reduced from a pool of 500 to 389, the International Olympic Committee said on Friday. The IOC last month banned Russia from taking part at Pyeong
Published 21 Jan, 2018 12:00am
North Korea to send 22 athletes to Pyeongchang

North Korea to send 22 athletes to Pyeongchang

North Korea will send 22 athletes to the Winter Games in the neighbouring South next month and compete in three sports and five disciplines, the International Olympic Committee (IOC) said on Saturday. North Korea's planned involvement in Pyeongchang is vi
Published 21 Jan, 2018 12:00am
Arsenal see off Palace as United close on City

Arsenal see off Palace as United close on City

Arsenal showed there was plenty of life after Alexis Sanchez as they beat Crystal Palace 4-1 in the Premier League on Saturday without the Manchester United-bound Chilean forward. With Sanchez moving slowly but surely towards a £35 million (39.6 million e
Published 21 Jan, 2018 12:00am
Bitcoin bombs, cryptocoins crash on regulation fears
Exchange

Bitcoin bombs, cryptocoins crash on regulation fears

Bitcoin, the best known of hundreds of 'virtual' coins, slumped Tuesday to a six-week low below $12,000 as analysts blamed a rush by various jurisdictions to regulate the sector. The final weeks of last year were marked by bitcoin mania as the unit topped
Published 21 Jan, 2018 12:00am
Germany to add China's yuan to currency reserves
Exchange

Germany to add China's yuan to currency reserves

Germany's central bank has said it will include China's yuan in its reserves, giving another boost to Beijing's drive to internationalise the currency and helping send the unit to two year highs. The Bundesbank said its board had decided in July to invest
Published 21 Jan, 2018 12:00am
Bitcoin use under scrutiny in Indonesian island of Bali

Bitcoin use under scrutiny in Indonesian island of Bali

Indonesian authorities are investigating the use of bitcoin in the holiday island of Bali, amid warnings by the central bank in Southeast Asia's biggest economy over the risks posed by virtual currencies, an official said. The probe started after the cent
Published 21 Jan, 2018 12:00am
Speculators boost bearish bets on dollar
Currency

Speculators boost bearish bets on 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 21 Jan, 2018 12:00am
Daily FX volumes drop 6.9 percent
Exchange

Daily FX volumes drop 6.9 percent

Average daily traded volume in the global currency market dropped 6.9 percent in December from the previous month, although volumes shot up 13 percent from a year earlier, data from settlement system CLS showed on Thursday. CLS, a major settler of trades
Published 21 Jan, 2018 12:00am
Shutdown fears pressure dollar, mark worst run since 2015
Currency

Shutdown fears pressure dollar, mark worst run since 2015

The dollar held steady above a three-year low versus a basket of currencies on Friday, marking a fifth week of falls and its longest losing streak since May 2015 as worries over a possible US government shutdown weighed. On Thursday, the US House of Repre
Published 21 Jan, 2018 12:00am
Canadian dollar slips
Currency

Canadian dollar slips

The Canadian dollar weakened against its US counterpart on Friday as lower oil prices offset domestic data showing the biggest increase in factory sales in 2-1/2 years, while investors prepared for another round of NAFTA talks next week. At 4 pm EST (2100
Published 21 Jan, 2018 12:00am
CEE currencies expected to keep rising
Exchange

CEE currencies expected to keep rising

Central European currencies are expected to extend last year's gains in 2018, led by the Czech crown, as the region's economies roar ahead without much worry that they will overheat. The crown and the Polish zloty were the world's top-performing currencie
Published 21 Jan, 2018 12:00am
Swiss franc loan annulled in Slovenia
Currency

Swiss franc loan annulled in Slovenia

A court in Slovenia has annulled a real-estate loan in Swiss francs because the borrower was not informed of the high risks of such a currency deal, the borrower's lawyer said on Friday. The decision puts as much as 524 million euros of loans held by Slov
Published 21 Jan, 2018 12:00am
TUI record sales of 2018 to be best year on record

TUI record sales of 2018 to be best year on record

European tourism group TUI expects record earnings this year as sales of package holidays pick up and customers opt for more expensive trips, its Chief Executive told a newspaper. "Until mid-January we have had the strongest week of bookings in our corpor
Published 21 Jan, 2018 12:00am
Farm ministers call for more welfare for animals
Exchange

Farm ministers call for more welfare for animals

Greater attention should be given worldwide to the welfare of farm animals and to reducing the use of growth-enhancing medications, agriculture ministers from about 70 countries meeting in Berlin said on Saturday. There is a global need to improve animal
Published 21 Jan, 2018 12:00am
Fitch lifts Spanish credit rating on rosier economy

Fitch lifts Spanish credit rating on rosier economy

Fitch ratings agency on Friday upgraded Spain's sovereign debt rating, pointing to the country's growing economy and improving fiscal health. The economic impact of the Catalonia region's effort to declare independence last month have been "limited" so fa
Published 21 Jan, 2018 12:00am
Fitch lifts Spanish credit rating on rosier economy

Fitch lifts Spanish credit rating on rosier economy

Fitch ratings agency on Friday upgraded Spain's sovereign debt rating, pointing to the country's growing economy and improving fiscal health. The economic impact of the Catalonia region's effort to declare independence last month have been "limited" so fa
Published 21 Jan, 2018 12:00am
Consortium awarded A $2 billion contract for Sydney development

Consortium awarded A $2 billion contract for Sydney development

The New South Wales government has awarded a contract worth more than A$2 billion ($1.60 billion) to construction company Grocon, retail property firm Scentre Group and Chinese-backed developer Aqualand to build the final stage of the Barangaroo developme
Published 21 Jan, 2018 12:00am
S&P raises rating on Greek debt

S&P raises rating on Greek debt

S&P Global Ratings on Friday raised the rating on Greek government debt by a notch citing the improved outlook for the crisis-stricken country's finances and economic growth. The rating on Athens' long-term debt was improved to "B" from "B-" with a positi
Published 21 Jan, 2018 12:00am
S&P raises rating on Greek debt

S&P raises rating on Greek debt

S&P Global Ratings on Friday raised the rating on Greek government debt by a notch citing the improved outlook for the crisis-stricken country's finances and economic growth. The rating on Athens' long-term debt was improved to "B" from "B-" with a positi
Published 21 Jan, 2018 12:00am
Most US states lost coal mining jobs in 2017

Most US states lost coal mining jobs in 2017

Nearly two-thirds of US coal producing states lost coal mining jobs in 2017, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters. The statistics come as the administration of Pre
Published 21 Jan, 2018 12:00am
Ryanair complains to EU competition authorities over Poland

Ryanair complains to EU competition authorities over Poland

Irish low-cost airline Ryanair said it had filed a complaint to European competition authorities over a Polish airport company's alleged refusal to expand Warsaw's Modlin airport which Ryanair uses as its Polish base. Ryanair is currently a market leader
Published 21 Jan, 2018 12:00am
German property boom to boost construction sales to 23-year high

German property boom to boost construction sales to 23-year high

German construction companies expect sales to grow by 4 percent this year, reaching their highest level since 1995, industry associations said on Thursday, suggesting the sector will continue to propel growth in Europe's biggest economy this year. Germany
Published 21 Jan, 2018 12:00am
Ex-IBM employee from China gets five years prison for stealing code

Ex-IBM employee from China gets five years prison for stealing code

A former software engineer for IBM in China was sentenced to five years in prison after he pleaded guilty to stealing proprietary source code from the company, prosecutors announced on Friday. Jiaqiang Xu, 32, was sentenced on Thursday by US District Judg
Published 21 Jan, 2018 12:00am
Japan government upgrades economic view for first time in seven months

Japan government upgrades economic view for first time in seven months

The Japanese government raised its assessment of the economy in January for the first time in seven months due to rising consumer spending, an encouraging sign that inflation could start to pick up this year. "Japan's economy is gradually recovering," the
Published 21 Jan, 2018 12:00am
Turkish economic growth to miss government targets this year and next

Turkish economic growth to miss government targets this year and next

Turkey's economy beat the government's growth forecast in 2017 but will miss it this year and next unless additional steps are taken, according to a Reuters poll. Growth in 2017 is estimated to have been 6.5 percent, according to the poll of 43 economists
Published 21 Jan, 2018 12:00am
Peugeot plans electric versions of all cars by 2025

Peugeot plans electric versions of all cars by 2025

French carmaker PSA, owner of the Peugeot, Citroen, Opel, Vauxhall and DS brands, will offer an electric version of all its models by 2025, CEO Carlos Tavares has said. Speaking on the sidelines of the Detroit Motor Show Tavares said the PSA group would b
Published 21 Jan, 2018 12:00am
Wall Street ends higher despite govt shutdown threat
Exchange

Wall Street ends higher despite govt shutdown threat

Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed. The S&P 500 and the Nasdaq hit record closing highs, while the Dow ended the day higher after trading in a narrow range. Nike Inc, Philip Morris In
Published 21 Jan, 2018 12:00am
Benchmark yields hit three-year peak

Benchmark yields hit three-year peak

Yields on the 10-year US government note hit a three-year high on Friday as weakness in overnight trading led the debt to test key technical support levels, before the higher yields attracted new buyers. "This is one of those times when the price action i
Published 21 Jan, 2018 12:00am
Benchmark yields hit three-year peak

Benchmark yields hit three-year peak

Yields on the 10-year US government note hit a three-year high on Friday as weakness in overnight trading led the debt to test key technical support levels, before the higher yields attracted new buyers. "This is one of those times when the price action i
Published 21 Jan, 2018 12:00am
US fund investors pull most cash from 'junk' in two months
Mutual Funds

US fund investors pull most cash from 'junk' in two months

US fund investors pulled $3.1 billion from high-yield "junk" bonds during the latest week, Lipper data showed on Thursday, offering new warning signs about risk appetite despite global markets' continuing triumph. The junk bond withdrawals - from both mut
Published 21 Jan, 2018 12:00am
US fund investors pull most cash from 'junk' in two months
Mutual Funds

US fund investors pull most cash from 'junk' in two months

US fund investors pulled $3.1 billion from high-yield "junk" bonds during the latest week, Lipper data showed on Thursday, offering new warning signs about risk appetite despite global markets' continuing triumph. The junk bond withdrawals - from both mut
Published 21 Jan, 2018 12:00am
Fidelity International eyes mutual, pension fund business in China

Fidelity International eyes mutual, pension fund business in China

Fidelity International, which launched three private funds in China in the past eight months, said on Thursday it would explore opportunities in the Chinese mutual and pension fund market. Fidelity was the first global asset manager to be awarded China's
Published 21 Jan, 2018 12:00am
Fidelity International eyes mutual, pension fund business in China

Fidelity International eyes mutual, pension fund business in China

Fidelity International, which launched three private funds in China in the past eight months, said on Thursday it would explore opportunities in the Chinese mutual and pension fund market. Fidelity was the first global asset manager to be awarded China's
Published 21 Jan, 2018 12:00am
TSX rises, led by bank and railroad shares
Exchange

TSX rises, led by bank and railroad shares

Canada's main stock index rose on Friday in a broad-based rally led by financial and industrial shares, while lower oil prices weighed on energy stocks. The Toronto Stock Exchange's S&P/TSX composite index closed up 68.99 points, or 0.42 percent, at 16,35
Published 21 Jan, 2018 12:00am
West Africa bourse plans to list Mali's main mobile operator
Currency

West Africa bourse plans to list Mali's main mobile operator

West Africa's BRVM Bourse plans to list Mali's leading telecoms operator Sotelma and a regional banking group this year, its Chief Executive told Reuters on Wednesday. He declined to name the banking group because the details had not yet been finalised. S
Published 21 Jan, 2018 12:00am
Singapore Exchange to allow dual-class shares to boost listings
Exchange

Singapore Exchange to allow dual-class shares to boost listings

Singapore Exchange Ltd (SGX) is to allow companies to list with dual-class shares, a move which aims to attract blockbuster tech listings and follows a similar action by its Hong Kong rival. SGX's move is designed to make it the go-to-place for potential
Published 21 Jan, 2018 12:00am
Indian government cuts extra borrowing but markets still nervous

Indian government cuts extra borrowing but markets still nervous

India has cut its additional market borrowing requirement for the current fiscal year by 60 percent after reviewing trends in revenue receipts and expenditure patterns, the finance ministry said on Wednesday, sending bond yields sharply lower. The governm
Published 21 Jan, 2018 12:00am
Kenya allows short-selling of shares
Exchange

Kenya allows short-selling of shares

Kenya has changed its market regulations to allow short-selling of shares by participants to boost liquidity on the bourse, market officials said on Tuesday. Pension funds hold the bulk of shares and the lack of securities lending, borrowing and short-sel
Published 21 Jan, 2018 12:00am
Banks expected to share tiny proportion of mammoth Saudi Aramco IPO

Banks expected to share tiny proportion of mammoth Saudi Aramco IPO

The banks that will advise and execute Saudi Aramco's stock market listing are expected to share a tiny proportion of the $100 billion Riyadh hopes to raise in its initial public offering, according to banking sources and industry insiders. Investment ban
Published 21 Jan, 2018 12:00am
Xiaomi taps CLSA, Morgan Stanley, Goldman for IPO sponsor role

Xiaomi taps CLSA, Morgan Stanley, Goldman for IPO sponsor role

Xiaomi has tapped CLSA, Goldman Sachs and Morgan Stanley as joint sponsors for its proposed IPO, people with direct knowledge of the matter said, in what could potentially value the Chinese smartphone maker at up to $100 billion. The initial public offeri
Published 21 Jan, 2018 12:00am
Xiaomi taps CLSA, Morgan Stanley, Goldman for IPO sponsor role

Xiaomi taps CLSA, Morgan Stanley, Goldman for IPO sponsor role

Xiaomi has tapped CLSA, Goldman Sachs and Morgan Stanley as joint sponsors for its proposed IPO, people with direct knowledge of the matter said, in what could potentially value the Chinese smartphone maker at up to $100 billion. The initial public offeri
Published 21 Jan, 2018 12:00am
Argentine drought seen cutting corn crop by 3.7 million tonnes
Exchange

Argentine drought seen cutting corn crop by 3.7 million tonnes

The drought in the heart of Argentina's Pampas grains belt is expected to reduce corn yields and cut up to 3.7 million tonnes from the projected 2017/18 harvest, local analysts said on Wednesday. Argentina, the world's No. 3 corn exporter, has been hit by
Published 21 Jan, 2018 12:00am
Brazil's soya farmers delay new-crop sales due to low prices
Currency

Brazil's soya farmers delay new-crop sales due to low prices

Brazil's Mato Grosso soyabean producers have sold less of their new-crop beans so far than they did last year, when sales were already late compared with long-term averages, as they hoard grains in the hope of better prices ahead. Despite the prospect of
Published 21 Jan, 2018 12:00am
Chinese iron ore futures higher after five-day fall
Exchange

Chinese iron ore futures higher after five-day fall

Chinese iron ore futures edged higher on Thursday as firmer steel prices helped the raw material rebound after a five-day slide, with coke prices also recovering. Restrictions on steel production in northern Chinese cities during winter have dented demand
Published 21 Jan, 2018 12:00am
EU rapeseed oil prices lower

EU rapeseed oil prices lower

EU rapeseed oil prices were sharply lower on Wednesday, with demand from the EU biodiesel sector curbed by imports of the biofuel from Argentina. Dealers said the sharp drop in prices had triggered a pick-up in buying interest, although the market may hav
Published 21 Jan, 2018 12:00am
Vietnam's coffee market picks up, Indonesian flat

Vietnam's coffee market picks up, Indonesian flat

Vietnam's coffee market picked up as global prices supported trade and farmers released beans ahead of a long holiday, while the Indonesian market remained slow, traders said on Thursday. Vietnamese farmers in coffee-growing Daklak province quoted coffee
Published 21 Jan, 2018 12:00am
CBOT corn futures retreat on technical selling

CBOT corn futures retreat on technical selling

Chicago Board of Trade corn futures retreated on Thursday on technical selling and as an increase in cash grain sales by farmers this week triggered commercial selling as elevators and processors hedged their new physical longs, traders said. Benchmark CB
Published 21 Jan, 2018 12:00am
HRW wheat bids flat

HRW wheat bids flat

Spot basis bids for hard red winter (HRW) wheat were unchanged in the southern US Plains interior on Thursday, underpinned by a lack of farmer selling, dealers said. Growers stayed on the sidelines, holding out for higher prices and a better indication of
Published 21 Jan, 2018 12:00am
India's soyameal exports to fall a fifth as prices rally

India's soyameal exports to fall a fifth as prices rally

India's soyameal exports could fall by at least a fifth in 2017/18 from a year ago as a rally in local soyabean prices and a firmer rupee make shipments from the south Asian country pricey for overseas buyers, industry officials said. Lower exports from I
Published 21 Jan, 2018 12:00am
US Midwest soya bids firm, corn mostly steady

US Midwest soya bids firm, corn mostly steady

Spot basis bids for soyabeans firmed by 5 to 8 cents a bushel at several US Midwest soya crushing sites on Thursday, reflecting a slowdown in farmer sales due to a mix of wintry weather this week and unattractive prices, dealers said. Chicago Board of Tra
Published 21 Jan, 2018 12:00am
Lean business on cotton market
Cotton

Lean business on cotton market

The leading buyers preferred to be on the sidelines due to lack of buying interest, dealers said on the cotton market on Saturday. The official spot rate was unchanged at Rs 7,500, they added. In ready session, only 200 bales of cotton changed hands at Rs
Published 21 Jan, 2018 12:00am
Rice prices in Thailand, Vietnam rise on deals with Indonesia

Rice prices in Thailand, Vietnam rise on deals with Indonesia

Rice prices in Thailand and Vietnam received a major boost this week from a potential deal with Indonesia, while robust demand from Bangladesh propelled rates higher for the staple grain in top exporter India. In Thailand, the world's second-biggest rice
Published 21 Jan, 2018 12:00am
US FOB Gulf corn bids mostly lower

US FOB Gulf corn bids mostly lower

Basis bids for corn shipped by barge to the US Gulf Coast were mostly lower on Thursday on increased farmer selling and forecasts for milder weather that could improve barge movement on rivers, traders said. CIF soyabean basis bids were mostly steady to l
Published 21 Jan, 2018 12:00am
Brazil forecasts record coffee crop

Brazil forecasts record coffee crop

Brazil will harvest its largest ever coffee crop this year, as much as 58.5 million 60-kg bags, as weather conditions favour a recovery in both arabica and robusta production, government agency Conab said in its first forecast for the new crop. Conab on T
Published 21 Jan, 2018 12:00am
China's December gas output at four-year high

China's December gas output at four-year high

China's natural gas output rose in December to the highest monthly rate since at least 2014 as state energy firms rushed to fill a supply gap sparked by surging winter demand from a drive to switch millions of households to gas from coal for heating. Comp
Published 21 Jan, 2018 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

Tea prices in Bangladesh edged down at the weekly auction on Tuesday on tepid demand from buyers, though tight supplies and strong demand for quality leaf capped the decline. Bangladeshi tea fetched an average price of 235.22 taka ($2.80) per kg at the au
Published 21 Jan, 2018 12:00am
Asian naphtha cracks edge up

Asian naphtha cracks edge up

Asia's naphtha crack edged up 4 percent to reach a six-session high of $92.32 a tonne on Thursday, but the value continued to be traded at a discount to Brent oil due to weak fundamentals. High volumes of naphtha coming to Asia from the West and workable
Published 21 Jan, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (January 20, 2018).

Published 21 Jan, 2018 12:00am
THE RUPEE: rates unmoved
Currency

THE RUPEE: rates unmoved

The rupee stayed put against the dollar on the money market on Saturday in the process of trading activity, dealers said. The rupee depicted no change versus the dollar for buying at Rs 112.00, and it sustained its level for selling at Rs 112.30, they sai
Published 21 Jan, 2018 12:00am
THE RUPEE: rates unmoved
Currency

THE RUPEE: rates unmoved

The rupee stayed put against the dollar on the money market on Saturday in the process of trading activity, dealers said. The rupee depicted no change versus the dollar for buying at Rs 112.00, and it sustained its level for selling at Rs 112.30, they sai
Published 21 Jan, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 20, 2018).

Published 21 Jan, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 20, 2018).

Published 21 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 20, 2018).

Published 21 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 20, 2018).

Published 21 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 20, 2018)

Published 21 Jan, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 20, 2018).

Published 21 Jan, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 20, 2018).

Published 21 Jan, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 20, 2018).

Published 21 Jan, 2018 12:00am
The Weather

The Weather

The weather report on Saturday (January 20, 2018) and the forecast for Sunday (January 14, 2018).

Published 21 Jan, 2018 12:00am
Your rupee last quarter
Exchange

Your rupee last quarter

Following currency fluctuations took place in foreign exchange rates during the last quarter. (October 2 to December 29, 2017)

Published 21 Jan, 2018 12:00am
Rao Anwar suspended over 'extrajudicial' killing

Rao Anwar suspended over 'extrajudicial' killing

Authorities Saturday suspended a senior police officer over the killing of a man in an alleged staged shootout that sparked anger and protests nationwide. Senior superintendent Rao Anwar and other officers last week killed at least four men during what th
Published 21 Jan, 2018 12:00am
Rao Anwar suspended over 'extrajudicial' killing

Rao Anwar suspended over 'extrajudicial' killing

Authorities Saturday suspended a senior police officer over the killing of a man in an alleged staged shootout that sparked anger and protests nationwide. Senior superintendent Rao Anwar and other officers last week killed at least four men during what th
Published 21 Jan, 2018 12:00am
Passer-by killed in police-gangsters shootout
Exchange

Passer-by killed in police-gangsters shootout

A passer-by was killed in an exchange of fire between police and armed robbers in Karachi in the wee hours of Saturday, family and officials confirmed. The alleged shootout took place near Drigh Road on busy Shara-e-Faisal at 6am. The deceased, identified
Published 21 Jan, 2018 12:00am
Passer-by killed in police-gangsters shootout
Exchange

Passer-by killed in police-gangsters shootout

A passer-by was killed in an exchange of fire between police and armed robbers in Karachi in the wee hours of Saturday, family and officials confirmed. The alleged shootout took place near Drigh Road on busy Shara-e-Faisal at 6am. The deceased, identified
Published 21 Jan, 2018 12:00am
India's deputy HC summoned for fourth time in week

India's deputy HC summoned for fourth time in week

Ministry of Foreign Affairs has summoned Indian deputy High Commissioner JP Singh for the fourth time in this week on Saturday to lodge protest with over ceasefire violations by Indian forces along the Line of Control (LoC).
Published 21 Jan, 2018 12:00am
India's deputy HC summoned for fourth time in week

India's deputy HC summoned for fourth time in week

Ministry of Foreign Affairs has summoned Indian deputy High Commissioner JP Singh for the fourth time in this week on Saturday to lodge protest with over ceasefire violations by Indian forces along the Line of Control (LoC).
Published 21 Jan, 2018 12:00am
Four killed as India, Pakistan trade fire on Kashmir border

Four killed as India, Pakistan trade fire on Kashmir border

Tensions escalated in Kashmir Saturday as a soldier and three civilians were killed in cross-border firing by the Indian and Pakistani armies, officials from the two countries said. The latest wave of violence this week has left at least 21 dead, includin
Published 21 Jan, 2018 12:00am
Four killed as India, Pakistan trade fire on Kashmir border

Four killed as India, Pakistan trade fire on Kashmir border

Tensions escalated in Kashmir Saturday as a soldier and three civilians were killed in cross-border firing by the Indian and Pakistani armies, officials from the two countries said. The latest wave of violence this week has left at least 21 dead, includin
Published 21 Jan, 2018 12:00am
Joint sitting of parliament to pass PMDC bill

Joint sitting of parliament to pass PMDC bill

The federal cabinet has decided to get Pakistan Medical & Dental Council (PMDC) bill passed from the joint sitting of parliament to set aside Chairman Senate Mian Raza Rabbani's observation that government must first get the bill cleared from Council of C
Published 21 Jan, 2018 12:00am
Joint sitting of parliament to pass PMDC bill

Joint sitting of parliament to pass PMDC bill

The federal cabinet has decided to get Pakistan Medical & Dental Council (PMDC) bill passed from the joint sitting of parliament to set aside Chairman Senate Mian Raza Rabbani's observation that government must first get the bill cleared from Council of C
Published 21 Jan, 2018 12:00am
Joint sitting of parliament to pass PMDC bill

Joint sitting of parliament to pass PMDC bill

The federal cabinet has decided to get Pakistan Medical & Dental Council (PMDC) bill passed from the joint sitting of parliament to set aside Chairman Senate Mian Raza Rabbani''s observation that government must first get the bill cleared from Council of
Published 21 Jan, 2018 12:00am
Power consumers: Rs 2.8/unit refund likely for December 2017

Power consumers: Rs 2.8/unit refund likely for December 2017

National Electric Power Regulatory Authority (Nepra) is likely to approve refund of Rs 2.80 per unit for the consumers of power distribution companies (Discos) for December 2017, under monthly fuel adjustment formula. The refund has been recommended by th
Published 21 Jan, 2018 12:00am
Power consumers: Rs 2.8/unit refund likely for December 2017

Power consumers: Rs 2.8/unit refund likely for December 2017

National Electric Power Regulatory Authority (Nepra) is likely to approve refund of Rs 2.80 per unit for the consumers of power distribution companies (Discos) for December 2017, under monthly fuel adjustment formula. The refund has been recommended by th
Published 21 Jan, 2018 12:00am
Power consumers: Rs 2.8/unit refund likely for December 2017

Power consumers: Rs 2.8/unit refund likely for December 2017

National Electric Power Regulatory Authority (Nepra) is likely to approve refund of Rs 2.80 per unit for the consumers of power distribution companies (Discos) for December 2017, under monthly fuel adjustment formula. The refund has been recommended by th
Published 21 Jan, 2018 12:00am
Trump laments 'nice present' of shutdown on inauguration anniversary

Trump laments 'nice present' of shutdown on inauguration anniversary

US President Donald Trump marked the first anniversary of his inauguration on Saturday with his government in shutdown, lashing out at Democrats over the collapse of budget negotiations as lawmakers seek to thrash out a deal. When the clock struck midnigh
Published 21 Jan, 2018 12:00am
Trump laments 'nice present' of shutdown on inauguration anniversary

Trump laments 'nice present' of shutdown on inauguration anniversary

US President Donald Trump marked the first anniversary of his inauguration on Saturday with his government in shutdown, lashing out at Democrats over the collapse of budget negotiations as lawmakers seek to thrash out a deal. When the clock struck midnigh
Published 21 Jan, 2018 12:00am
Brexit special trade agreement possible: Macron

Brexit special trade agreement possible: Macron

French President Emmanuel Macron said a special post-Brexit trade agreement between Britain and the EU was certainly possible but would not involve full access to the single market, in a BBC interview to be screened Sunday. Macron, who met British Prime M
Published 21 Jan, 2018 12:00am
Brexit special trade agreement possible: Macron

Brexit special trade agreement possible: Macron

French President Emmanuel Macron said a special post-Brexit trade agreement between Britain and the EU was certainly possible but would not involve full access to the single market, in a BBC interview to be screened Sunday. Macron, who met British Prime M
Published 21 Jan, 2018 12:00am
Brexit special trade agreement possible: Macron

Brexit special trade agreement possible: Macron

French President Emmanuel Macron said a special post-Brexit trade agreement between Britain and the EU was certainly possible but would not involve full access to the single market, in a BBC interview to be screened Sunday. Macron, who met British Prime M
Published 21 Jan, 2018 12:00am
$34 billion foreign loans taken in four years

$34 billion foreign loans taken in four years

The government of Pakistan Muslim League (Nawaz) has taken over $34 billion foreign loans from bilateral/multilateral as well as commercial bank during the last four years. While giving details of year wise borrowing, sources in the Finance Ministry state
Published 21 Jan, 2018 12:00am
$34 billion foreign loans taken in four years

$34 billion foreign loans taken in four years

The government of Pakistan Muslim League (Nawaz) has taken over $34 billion foreign loans from bilateral/multilateral as well as commercial bank during the last four years. While giving details of year wise borrowing, sources in the Finance Ministry state
Published 21 Jan, 2018 12:00am
$34 billion foreign loans taken in four years

$34 billion foreign loans taken in four years

The government of Pakistan Muslim League (Nawaz) has taken over $34 billion foreign loans from bilateral/multilateral as well as commercial bank during the last four years. While giving details of year wise borrowing, sources in the Finance Ministry state
Published 21 Jan, 2018 12:00am
No one will be allowed to derail democratic process: CJP

No one will be allowed to derail democratic process: CJP

Chief Justice of Pakistan (CJP) Saqib Nisar said that the Supreme Court (SC) is an independent institution which does not bother 'what people say' about it. While addressing a seminar held by the Lahore High Court Bar Association on Saturday, Chief Justic
Published 21 Jan, 2018 12:00am
No one will be allowed to derail democratic process: CJP

No one will be allowed to derail democratic process: CJP

Chief Justice of Pakistan (CJP) Saqib Nisar said that the Supreme Court (SC) is an independent institution which does not bother 'what people say' about it. While addressing a seminar held by the Lahore High Court Bar Association on Saturday, Chief Justic
Published 21 Jan, 2018 12:00am
Nawaz optimistic about PML-N's electoral prospects

Nawaz optimistic about PML-N's electoral prospects

Ousted prime minister, Nawaz Sharif said on Saturday that the people have rejected the politics of opposition parties and alluding to the Pakistan Tehreek-e-Insaaf, said the party has always indulged in politics of allegations. He claimed that Pakistan Mu
Published 21 Jan, 2018 12:00am
Nawaz optimistic about PML-N's electoral prospects

Nawaz optimistic about PML-N's electoral prospects

Ousted prime minister, Nawaz Sharif said on Saturday that the people have rejected the politics of opposition parties and alluding to the Pakistan Tehreek-e-Insaaf, said the party has always indulged in politics of allegations. He claimed that Pakistan Mu
Published 21 Jan, 2018 12:00am
Customs to facilitate PU in conducting research

Customs to facilitate PU in conducting research

Pakistan Customs will facilitate the faculty and students of the Punjab University, an oldest seat of learning, for conducting research on modern scientific lines and in studying the Federal Board of Revenue trade facilitation concept being implemented ac
Published 21 Jan, 2018 12:00am
APOTOA warns PSO to stop using NLC fleet

APOTOA warns PSO to stop using NLC fleet

All Pakistan Oil Tankers Owners Association has warned Pakistan State Oil to stop using National Logistic Cell (NLC) fleet for petroleum supplies by Monday (tomorrow); otherwise the APOTOA will not carry petroleum products of PSO. Despite the APOTOA had a
Published 21 Jan, 2018 12:00am
PM inaugurates Faisalabad Airport expansion project

PM inaugurates Faisalabad Airport expansion project

Prime Minister Shahid Khaqan Abbasi Saturday inaugurated the expansion project of Faisalabad International Airport, increasing the number of the facilitation counters and handling capacity of domestic and international passengers.
Published 21 Jan, 2018 12:00am
PM inaugurates Faisalabad Airport expansion project

PM inaugurates Faisalabad Airport expansion project

Prime Minister Shahid Khaqan Abbasi Saturday inaugurated the expansion project of Faisalabad International Airport, increasing the number of the facilitation counters and handling capacity of domestic and international passengers.
Published 21 Jan, 2018 12:00am
PM inaugurates Faisalabad Airport expansion project

PM inaugurates Faisalabad Airport expansion project

Prime Minister Shahid Khaqan Abbasi Saturday inaugurated the expansion project of Faisalabad International Airport, increasing the number of the facilitation counters and handling capacity of domestic and international passengers.
Published 21 Jan, 2018 12:00am
Pakistan, Turkmenistan sign visa deal
Exchange

Pakistan, Turkmenistan sign visa deal

Turkmenistan and Pakistan have signed an intergovernmental agreement on abolition of visa requirements for holders of diplomatic passports, the local media reported here Saturday. The results of the recent negotiations in Islamabad were reported by Turkme
Published 21 Jan, 2018 12:00am
Pakistan, Turkmenistan sign visa deal
Exchange

Pakistan, Turkmenistan sign visa deal

Turkmenistan and Pakistan have signed an intergovernmental agreement on abolition of visa requirements for holders of diplomatic passports, the local media reported here Saturday. The results of the recent negotiations in Islamabad were reported by Turkme
Published 21 Jan, 2018 12:00am
Number of 3G, 4G users reaches 48.19 million: PTA

Number of 3G, 4G users reaches 48.19 million: PTA

The number of 3G and 4G users in Pakistan reached 48.19 million by end-December 2017, said Pakistan Telecommunication Authority (PTA). The number of mobile phone users in Pakistan reached 144.52 million by end-December 2017 compared to 143.34 million by N
Published 21 Jan, 2018 12:00am
Number of 3G, 4G users reaches 48.19 million: PTA

Number of 3G, 4G users reaches 48.19 million: PTA

The number of 3G and 4G users in Pakistan reached 48.19 million by end-December 2017, said Pakistan Telecommunication Authority (PTA). The number of mobile phone users in Pakistan reached 144.52 million by end-December 2017 compared to 143.34 million by N
Published 21 Jan, 2018 12:00am
Number of 3G, 4G users reaches 48.19 million: PTA

Number of 3G, 4G users reaches 48.19 million: PTA

The number of 3G and 4G users in Pakistan reached 48.19 million by end-December 2017, said Pakistan Telecommunication Authority (PTA). The number of mobile phone users in Pakistan reached 144.52 million by end-December 2017 compared to 143.34 million by N
Published 21 Jan, 2018 12:00am
Pence meets Sisi on Mideast tour

Pence meets Sisi on Mideast tour

US Vice President Mike Pence met Egyptian President Abdel Fattah al-Sisi Saturday as he began a delayed Middle East tour overshadowed by Arab anger over Washington's recognition of Jerusalem as Israel's capital. Controversy over President Donald Trump's d
Published 21 Jan, 2018 12:00am
Pence meets Sisi on Mideast tour

Pence meets Sisi on Mideast tour

US Vice President Mike Pence met Egyptian President Abdel Fattah al-Sisi Saturday as he began a delayed Middle East tour overshadowed by Arab anger over Washington's recognition of Jerusalem as Israel's capital. Controversy over President Donald Trump's d
Published 21 Jan, 2018 12:00am
Attack under way on Kabul luxury hotel: official

Attack under way on Kabul luxury hotel: official

Four gunmen attacked Kabul's luxury Intercontinental Hotel on Saturday and started shooting at guests, an Afghan official said, in the latest violence to strike the Afghan capital. "Four attackers are inside the building," an official at the Afghan spy ag
Published 21 Jan, 2018 12:00am
Attack under way on Kabul luxury hotel: official

Attack under way on Kabul luxury hotel: official

Four gunmen attacked Kabul's luxury Intercontinental Hotel on Saturday and started shooting at guests, an Afghan official said, in the latest violence to strike the Afghan capital. "Four attackers are inside the building," an official at the Afghan spy ag
Published 21 Jan, 2018 12:00am
Women's march: tens of thousands take to US streets

Women's march: tens of thousands take to US streets

Tens of thousands of people took to the streets of US cities on Saturday for a second Women's March opposing President Donald Trump on the first anniversary of his inauguration. The demonstrations come one year after more than three million people turned
Published 21 Jan, 2018 12:00am
Women's march: tens of thousands take to US streets

Women's march: tens of thousands take to US streets

Tens of thousands of people took to the streets of US cities on Saturday for a second Women's March opposing President Donald Trump on the first anniversary of his inauguration. The demonstrations come one year after more than three million people turned
Published 21 Jan, 2018 12:00am
'Paigham-e-Pakistan'

'Paigham-e-Pakistan'

The announcement of a consensus national narrative about the challenge of terrorism that is supported by a fatwa is late but welcome. A declaration issued in this regard by the President of Pakistan, Mamnoon Husain, has made it clear to all and sundry tha
Published 21 Jan, 2018 12:00am
TTP attacks in Quetta

TTP attacks in Quetta

Terrorists struck once again in Quetta on Thursday, killing a mother and her young daughter as they administered polio vaccination drops to children. In a separate incident earlier in the day, two members of Balochistan Constabulary's Rapid Response Force
Published 21 Jan, 2018 12:00am
Industrial transformation through CPEC: Potential opportunities
Currency

Industrial transformation through CPEC: Potential opportunities

China Pakistan Economic Corridor (CPEC) provides the industrial sector of Pakistan with an opportunity to modernize and become more efficient and competitive. The various energy projects, coupled with improvements in infrastructure and road networks, woul
Published 21 Jan, 2018 12:00am
Don't dream it's over: EU's Brexit message to Britain

Don't dream it's over: EU's Brexit message to Britain

A sudden flurry of suggestions by the EU that Brexit could be reversed has sparked questions about the bloc's motives and even accusations of a secret plot to keep Britain in the European Union. But officials and analysts say European leaders are merely k
Published 21 Jan, 2018 12:00am
LSM growth critical

LSM growth critical

It is a matter of great satisfaction that the country's industry has finally come out of deep slumber. According to State Bank of Pakistan's latest quarterly report, Large Scale Manufacturing (LSM) has registered a healthy broad-based growth of 10 percent
Published 21 Jan, 2018 12:00am
Waging war against Pakistan Army is prohibited in Islam: Sufi Muhammad

Waging war against Pakistan Army is prohibited in Islam: Sufi Muhammad

After getting released from prison on compassionate grounds, founder Tehreek Nifaz-e-Shariat Muhammadi (TNSM) Maulana Sufi Muhammad said the Pakistan Army soldiers are like Mujahideen (holy warriors) and waging war against them is prohibited in Islam. In
Published 21 Jan, 2018 12:00am
Khatm-e-Nabuwwat: PTI urges government to make inquiry report public

Khatm-e-Nabuwwat: PTI urges government to make inquiry report public

Pakistan Tehreek-e-Insaf (PTI) on Saturday asked the government to make public the inquiry report on Khatm-e-Nabuwwat (Finality of Prophethood) issue and present it before the Parliament for a thorough debate in order to avoid such controversies in future
Published 21 Jan, 2018 12:00am
APML to hold public meeting in Islamabad on February 4

APML to hold public meeting in Islamabad on February 4

All Pakistan Muslim League (APML) would hold a public meeting in Islamabad on February 4 that is expected to be participated by a large number of people. Chairman APML General Syed Pervez Musharraf (retd) will address the meeting through a video link. Acc
Published 21 Jan, 2018 12:00am
Omar Abdullah for an end to ceasefire violations

Omar Abdullah for an end to ceasefire violations

Former chief minister of occupied Kashmir Omar Abdullah on Saturday strongly batted for talks between the national security advisors of India and Pakistan to end ceasefire violations. He was reacting to the ceasefire violations along working boundary over
Published 21 Jan, 2018 12:00am
Pakistan raises Kulbhushan Jadhav's case in UNSC debate

Pakistan raises Kulbhushan Jadhav's case in UNSC debate

Pakistan raked up the issue of Indian death-row prisoner and spy Kulbhushan Jadhav in the UN Security Council debate giving a strong rebuttal to India for asking others to change mindset without looking at their own record of subversion against Pakistan.
Published 21 Jan, 2018 12:00am
Corrigendum

Corrigendum

Apropos a news item titled "Customs officials observe Two-hour pen-down strike" carried by Business Recorder on January 20, 2018. The headline should have been read as 'provincial excise officials observe two-hour pen-down strike' instead of 'custo
Published 21 Jan, 2018 12:00am
Kasur tragedy: SC bench to resume hearing suo motu notice today

Kasur tragedy: SC bench to resume hearing suo motu notice today

Supreme Court will resume hearing of suo motu notice, taken over brutal murder of an eight-year-old girl in Kasur as a three-member bench headed by Chief Justice Mian Saqib Nisar is scheduled to hear the case at Lahore Registry today (Sunday). Setting a p
Published 21 Jan, 2018 12:00am
Call to form JIT to probe Naqeebullah's killing

Call to form JIT to probe Naqeebullah's killing

Condemning the cold-blooded murder of Naqeebullah Mehsud in a alleged police encounter by Sindh Police, the Provincial Chairman of Watan Pal Youth Organization, affiliated with Qaumi Watan Party (QWP) Khyber Pakhtunkhwa, Irshad Afridi has demanded of the
Published 21 Jan, 2018 12:00am
PSO's modern fleet inaugurated in Islamabad

PSO's modern fleet inaugurated in Islamabad

Member Oil, Oil & Gas Regulatory Authority (OGRA), Dr Abdullah Malik, inaugurated PSO's newly-introduced tank lorries in an opening ceremony held in Islamabad. MD & CEO PSO, Sheikh Imranul Haque, and other senior officials from the company were also prese
Published 21 Jan, 2018 12:00am
Haji camp GBS to be shifted to Sardar Ghari

Haji camp GBS to be shifted to Sardar Ghari

The provincial government has decided to shift Haji Camp General Bus Stand (GBS) to Sardar Ghari while the land of the existing bus stand will be utilized for the construction of CPEC Tower. In this connection a meeting was held in the Chief Minister's Ho
Published 21 Jan, 2018 12:00am
Asma murder case: samples of 200 people obtained for DNA test

Asma murder case: samples of 200 people obtained for DNA test

The security officers on Saturday obtained samples of as many as 200 suspicious people for DNA test in four-year-old Asma's rape and murder case. The actual suspects involved in this heinous crime are still at large as a 72-hour deadline given to the loca
Published 21 Jan, 2018 12:00am
Prices of essential commodities witness upward trend

Prices of essential commodities witness upward trend

Prices of essential kitchen items have witnessed an increase during the past week as compared to the preceding week, observed a survey conducted by Business Recorder here on Saturday. Prices of tomatoes, potatoes, onions, ginger and other vegetable
Published 21 Jan, 2018 12:00am
Enemies hatching conspiracies against Pakistan: Air Chief

Enemies hatching conspiracies against Pakistan: Air Chief

A unique ceremony was held at PAF Museum, to pay tribute to Air Commodore Sattar Alvi (Retd), a renowned war veteran of 1974 Arab Israel war. He shot down an Israeli Air Force Mirage aircraft during an aerial combat in Syria. In this ceremony he presented
Published 21 Jan, 2018 12:00am
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