An influential businessman was arrested by Indian police Friday over a half-billion dollar ponzi scheme that allegedly defrauded tens of thousands of mostly-Muslim investors. Mohammed Mansoor Khan was detained at New Delhi airport upon his return from Dub

President Donald Trump attacked the independent US Federal Reserve on Friday, demanding the central bank reverse course and cut interest rates - something it is widely expected to do this month.

Sri Lanka on Friday named a 22-member ODI squad led by Dimuth Karunarathna for the upcoming Bangladesh tour of the island. The first of the three one-day internationals will be played on July 26, the second two days later and the final match on July 31. A

Sri Lanka's sports minister has ordered the sacking of the national cricket coach after a lacklustre World Cup campaign that saw just three wins from nine games, officials said Friday. Chandika Hathurusingha and his assistants would be fired after Sri Lan

Bangladesh on Friday named opener Tamim Iqbal as interim captain for the upcoming Sri Lanka tour after regular skipper Mashrafe Mortaza was ruled out with a hamstring injury. Mashrafe picked up the injury during a training session shortly after he attende

Eoin Morgan says he has not yet decided whether to remain as England's white-ball skipper following their dramatic World Cup win against New Zealand. Morgan, 32, told BBC Sport it would be a "big commitment" to continue until the 2023 World Cup, with next

The Pakistan Cricket Board (PCB)'s Medical Advisory Committee (MAC) held its inaugural meeting, here at the National Cricket Academy, to discuss matters ranging from player safety to fitness and health protocols for domestic and international players. The

Ireland's Shane Lowry shot a four under par 67 to claim a share of the lead at the British Open on eight under as 15-time major winner Tiger Woods and pre-tournament favourite Rory McIlroy looked set to miss the cut on Friday. Resuming on four under, Lowr

Bulgaria will play Euro 2020 qualifiers with England and the Czech Republic in front of partially closed stadiums after UEFA on Friday found the country's fans guilty of "racist behaviour". In a statement, European football's governing body said the Bulga

The Pakistan Cricket Board (PCB) has issued No Objection Certificates (NOCs) to five cricketers for participation in the Global T20 League that will get underway at Toronto (Canada) from July 25. The players who got NOCs include: Mohammad Hafeez, Shadab K

Anna Tatishvili, who was stripped of her entire 46,000-euro ($52,000) prize money at Roland Garros for "not playing at a professional standard", has had her punishment overturned, the player announced on Twitter on Friday. "The Grand Slam Board has revers

Julian Alapahilippe extended his overall lead at the Tour de France on Friday winning the 27.2km individual time-trial at Pau on stage 13 to keep the yellow jersey and send his home fans wild. Geraint Thomas was second, the defending champion dropping 14

American world record holder Lilly King hit out Friday at swimming's governing body over its doping protocols, as claims China's Sun Yang destroyed blood samples stunned athletes before the world championships in South Korea. Asked about her thoughts on a

J-League Champions Kawasaki Frontale pulled off a stunning 1-0 victory against Chelsea in friendly at Yokohama on Friday. Kawasaki striker Leandro Damiao headed in a Kengo Nakamura cross from a close range in the 86th minute to clinch the upset. Chelsea s

The dollar steadied on Friday but was still on the defensive after Federal Reserve officials bolstered expectations of an aggressive rate cut this month to address weakening price pressures. At a central banking conference on Thursday, New York Fed Presid

The euro fell against a rebounding US dollar on Friday and hit a 2-year low versus the Swiss franc, as investors ramped up bets for a European Central Bank interest rate cut as early as next week. Money markets are now pricing in a roughly 60% chance of a

The US dollar rose in early trading on Friday, swinging back into positive territory after the New York Federal Reserve walked back dovish comments from its president the prior day, which had bolstered expectations of an aggressive interest rate cut this

The dollar fell broadly on Thursday as an influential Federal Reserve official bolstered bets on a preemptive interest rate cut later this month because rates and inflation are low even as the US economy has been expanding.

The Turkish lira weakened slightly early on Friday, giving up some of the gains made the previous evening as US President Donald Trump was unclear over whether his administration was looking at imposing sanctions on Turkey. His comments came following a U

Most emerging Asian currencies rose against a weaker dollar on Friday after a dovish speech by a top Federal Reserve official sealed market expectations of a US rate cut in July New York Fed President John Williams said on Thursday that it was imperative

South Africa's rand weakened on Friday, giving back some of the big gains from the previous session as expectations of an aggressive interest rate cut by the Federal Reserve cooled, prompting investors to pocket end-of-week profits. At 1520 GMT the rand w

The pound hovered around $1.25 on Friday after its biggest daily jump in more than two months in the previous session, though traders were still focused on the growing risks of a no-deal Brexit. A vote by U.K. lawmakers on Thursday will make it harder for

The Australian and New Zealand dollars hit multi-month highs on Friday as market speculation on aggressive US rate cuts reached fever pitch following dovish comments from Federal Reserve policy makers. The Aussie was up at $0.7073, a level not seen since

Athenians settled for an uneasy night Friday after a strong 5.1-magnitude earthquake temporarily knocked out phone connections, damaged buildings and caused power outages. Noting that many people were likely afraid to sleep indoors, citizen's protection m

An elderly South Korean man died on Friday after setting himself on fire outside the Japanese embassy in Seoul as a bitter diplomatic dispute over wartime forced labour compensation took a fatal turn. The row has seen Tokyo restrict exports of chemicals v

An Indian court on Friday sent a bartender to jail for 10 years over the sexual assault and killing of British schoolgirl Scarlett Keeling on a Goa beach in 2008. The Goa High Court ordered the maximum sentence against Samson D'Souza after finding him gui

The Taliban gave "permission" Friday for a Swedish aid group to reopen its clinics west of Kabul, after the insurgents ordered the facilities' closure over a controversial Afghan army raid. Afghan officials have said little about the raid in Wardak provin

The IMF urged Yemen's internationally recognised government on Friday to extend its payments of public sector salaries to the whole country to help the war-shattered economy to recover. The IMF also praised the government, which is based in the southern p

The Dutch Supreme Court on Friday slashed the state's liability for the 1995 Srebrenica massacre during the Bosnian War, saying peacekeepers had only a "slim" chance of preventing the deaths of hundreds of Muslim men. Judges reduced to 10 percent from 30

An unmanned drone bombed a base used by pro-Tehran paramilitary units in central Iraq, the country's military announced Friday, with sources saying one fighter was killed and two Iranians wounded. The US immediately denied involvement in the attack, which

A naturalized American who was a sniper for the Islamic State group has been charged in New York with material support for a terror group after being captured in Syria and repatriated to the United States, the Justice Department announced Friday. Kazakhst

An Israeli spyware firm thought to have hacked WhatsApp in the past has told clients it can scoop user data from the world's top social media, the Financial Times reported Friday. The London paper wrote that NSO group had "told buyers its technology can s

China's Tiangong-2 space lab successfully re-entered the Earth's atmosphere Friday under controlled conditions, completing the latest round of experiments in Beijing's ambitious space programme. Tiangong-2 - or "Heavenly Palace" - was launched into orbit

An area in southern France in June recorded the country's first ever 46 degree temperature, the French state weather service said on Friday, revising up the country's all-time record reached in last month's heatwave. Much of Europe sweltered through sizzl

A huge explosion rocked a gas plant in central China on Friday, killing at least two people and injuring another 18, state media said. Another twelve people were missing after the blast, said state broadcaster CCTV, which shattered windows and doors of bu

Beijing on Friday criticised US Vice President Mike Pence and top diplomat Mike Pompeo as "hideous" and "hypocritical" after they called for religious freedom in China at a major meeting in Washington. Secretary of State Pompeo said Thursday that Washingt

Beijing said Friday it has lodged an official protest with Washington over US sanctions against Chinese companies accused of being part of a supply network for Iran's nuclear programme. "We urge the US to immediately correct this wrong practice and earnes

Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif has strongly condemned detention of the PML-N workers saying "this is a proof of Prime Minister Imran Khan's dictatorial mindset. In a statement, Shehbaz said that arrests of peaceful workers s

Sindh government has inked an MoU with Japan to evolve programmes for the training of females in the society, provincial minister for Women Development Syeda Shehla Raza told Sindh Assembly on Friday. She was replying to queries of legislators during the

A special committee of Senate on Friday said class-related deprivation issues among different parts of the country especially erstwhile tribal areas and Balochistan could not be resolved without dialogue. A meeting of the Senate special committee to 'exam

Federal Cabinet has appointed Shahbaz Jameel President/Chief Executive Officer (CEO) Zarai Tarqiati Bank Limited (ZTBL) for three years. Official sources told Business Recorder, Finance Division informed the Cabinet that President/CEO Zarai Tarqiati Bank

A delegation of All Pakistan Textile Mills Association (Aptma), led by its Chairman Syed Ali Ahsan held meetings with secretary finance and revenue, federal secretary petroleum and federal secretary power to represent and resolve issues being faced by the

The Office of Research, Innovation and Commercialisation, University of Karachi and Positive Impact on Friday signed a Memorandum of Understanding on programmes for continuous professional development for pharmaceutical sector. The KU ORIC director Profes

The government Friday removed Chairman National Highway Authority (NHA) Jawwad Rafique Malik and appointed Captain Sikandar Qayyum (retd) as new chairman of the authority. According to official notifications, Jawwad, a BS-22 officer of Pakistan Administra

The subcommittee of the Public Accounts Committee on Friday expressed serious anger over the laps of Rs 14 billion in Benazir Income Support Programme (BISP) has directed the BISP to conduct an inquiry into the matter and present all the record before the

The federal government has to pay Rs 500 billion as Net Hydel Profit (NHP) to Khyber Pakhtunkhwa as per AGN Kazi formula. This issue was deliberated in the meeting of Senate Committee on Water Resources headed by Senator Shamim Afridi on Friday with speci

Chief of Army Staff (CoAS) General Qamar Javed Bajwa has said that there is a need for enhanced public private partnership to turn Pakistan's defence industry into vibrant, self-reliant and self-sustained entity. The CoAS said that apart from public secto

Pakistan Tehreek-e-Insaf (PTI) on Friday named new members of party's executive committees across the country after the approval of party chairman Imran Khan. According to a notification issued by PTI central secretariat, Aamir Mehmood Kiani has been nomi

"One word of advice: even a rat would bare his teeth if you push it to the wall."

The Securities and Exchange Commission of Pakistan (SECP) held the second Design Thinking Workshop on LEAP in Karachi. Today citizens have rising expectations for transparency, accessibility, quality and responsive service delivery from the public sector

The government of the Republic of Korea has decided to extend humanitarian assistance of USD 100,000 in cash through the World Health Organization (WHO) to help respond to Human Immunodeficiency Virus (HIV) Outbreak in Larkana district, Sindh of the Islam

Prime Minister Imran Khan Friday invited the private sector to step forward in adopting the country's major hospitals and join the government's journey of bringing improvement in health sector.

Safeguard, a renowned P&G brand and one of Pakistan's leading anti-bacterial soaps, is now being exported to over 20 European countries from Pakistan.

Acting Mayor Karachi Syed Arshad Hasan said that KMC will not allow setting up of cattle markets in Karachi other than the 8 designated places and if any such market is found, strict action will be taken against it.

A complete shutdown of LPG retails network observed on Friday in Karachi on appeal of All Pakistan LPG Distributors Association and Karachi Action Committee. All Pakistan LPG Distributors Association senior vice chairman Muhammad Ali Haider said the strik

The State Bank of Pakistan (SBP) has announced revision in select chapters of the foreign exchange manual.

The online registration process for Medical and Dental Colleges Admission Test (MDCAT)-2019, started on Friday, which will continue till July 29.

Secretary Economic Affairs Division (EAD), Noor Ahmed; Ambassador of France to Pakistan, Marc Barety, and Country Director of the French Agency for Development (AFD), Jacky AMPROU signed the Credit Facility Agreement worth euros 50 million and a grant agr

The applicants have slammed the Malir Development Authority for keeping them unaware of details of balloting for 'Taiser Town Phase-II' scheme's residential plots. In spite of balloting, applicants cannot know if they are named among those fortunate peopl

Pakistan on Friday rejected the 'baseless' accusations leveled by Afghan intelligence agency, National Directorate of Security (NDS), related to the recent terror attack in Kandahar.

Following Prime Minister Imran Khan's visit to Lahore on Thursday, reshuffle in the Punjab Cabinet was made on Friday by the Chief Minister as portfolios of some provincial ministers including Sumsam Bukhari were changed.

The Senate Standing Committee on Planning, Development and Reforms was informed on Friday that as many as 145 renewable energy projects of 7,730.3MW will be completed in near future. The committee met with Senator Agha Shahzaib Durrani in the chair here a

Punjab Chief Minister Sardar Usman Buzdar on Friday said that the foundation of a transparent Pakistan has been laid by the PTI. "Pakistan is achieving the goal of transparency and it's being transformed under the leadership of Prime Minister Imran Khan,"

Divisional Commissioner Mehmood Javed Bhatti, Acting Deputy Commissioner Tariq Khan Niazi and SP Mauz Zafar jointly held an open court at Jinnah Hall district council and listened to public complaints and issued orders to relevant departments for quick di

The Centre of Excellence in Water Resources Engineering (CEWRE) University of Engineering and Technology (UET) Lahore organized a two-day workshop on "GIS Application and Spatial Data Analysis for Water Management". The workshop was a combination of theor

Provincial Finance Minister Makhdoom Hashim Jawan Bakht on Friday welcomed the decision of a court on Punjab Revenue Authority (PRA) and said that the decision about its legal status is praiseworthy. "It would boost the morale of the PRA," he added. He ob

The Punjab Cooperatives Department on Friday started a three-day training workshop about the principles of financial and office management for its district-level accountants from today. A total of 47 accountants are taking part in this workshop, which is

The fertilizer industry has voluntarily held back the impact of recent gas price increase to prevent backlash of it to farmers. This was agreed on request of Advisor Industries, Razzaq Dawood. The Advisor has assured the industry about settlement of GIDC

President Dr Arif Alvi will confer Federation of Pakistan Chamber of Commerce and Industry (FPCCI) 7th Achievement Awards for the year 2019. As many as 40 recipients would be awarded for rendering services in different sectors at a ceremony being held on

Punjab chief minister Sardar Usman Buzdar will preside over the Punjab Cabinet meeting here on Saturday (today), to discuss 19-point agenda. The meeting will be attended by ministers, advisors, special assistance, Chief Secretary and high officials. Sourc

Punjab Inspector General of Police (IGP) Arif Nawaz Khan has expressed resentment over reports that senior police officers do not spare time for the complainants who visit their offices seeking legal action or registration of first information reports (FI

A four-member World Bank team on Strengthening Markets for Agriculture & Rural Transformation in Punjab (SMART) on Friday called on the LCCI President Almas Hyder and had a detailed meeting. World Bank Mission was headed by Hans Johannes while Senior Comm

The Khyber Pakhtunkhwa Information Technology Board (KPITB) Friday signed a memorandum of understanding (MoU) of cooperation with Punjab Information Technology Board (PITB). Chairman KPITB Dr Shahbaz Khan and Chairman PITB Azfar Manzoor signed the MoU on

Hameed Haroon, President, Sarmad Ali, Secretary General, All Pakistan Newspapers Society, on behalf of the office bearers and members of the Society have expressed profound grief over the sad demise of Chaudhry Muhammad Shabbir, Ex-Resident Editor, Daily

Gold prices on Friday grew to Rs 84100 per tola up by Rs 700 on the local market, traders said. They said that the gold prices on the world market also mounted to $1438 an ounce, which drew the value of yellow metal on the local market to Rs 72085 per 10

Dr Sania Nishtar, Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation on Friday expressed confidence that government's efforts to pull the poor out of poverty towards prosperity, which would be achieved in collaboration wi

Adviser to CM on Information, Law and Anti Corruption Murtaza Wahab has as per the promise of the Provincial Government reached at the protesting camp of Nurses Alliance at Karachi Press Club and handed over the notification to the leaders of Nurses Allia

The Hyderabad SITE Association of Trade and Industry (HSATI) has expressed serious reservations over anti-industrial growth policies of all federal and provincial government concerned departments responsible for promoting trade and industrial activities.

Ambassador of United Arab Emirates (UAE), Hamad Obaid Alzaabi has stressed the need for having legal framework between UAE and Pakistan to encourage and save investments made either in Pakistan or in UAE.

Mohammad Wasim, Acting MD, Sui Southern Gas Company (SSGC) has stressed that all industries must ensure that any extra connected load extension is formally registered with the Company by renewing the Gas Sales Agreement (GSA) with the Company.

Chief Justice of Pakistan (CJP) Asif Saeed Khosa has highlighted the importance of developing the police system on modern lines to solve criminal cases.

A local court on Friday extended physical remand of Mian Tariq Mahmood, prime suspect in the case of controversial video of former Accountability Court Judge Arshad Malik, for three days and granted him into custody of Federal Investigation Agency (FIA).

Supreme Court (SC) on Friday rejected the plea against cancellation of bail to an accused in a road accident, in which a 22-year old motorcyclist was paralysed after he was hit by a vehicle.

The Ambassador of United Arab Emirates (UAE), Hamad Obaid Al Zaabi along with Counselor General Bakheet Ateeq Al-Romaithi and Ahmad Abdulla Albalooshi, Advisor to Ambassador paid a courtesy visit to Pakistan Stock Exchange (PSX).

Tribesmen of the erstwhile Fata, for the first time in their history, are to vote in the elections to Khyber Pakhtunkhwa provincial assembly today (Saturday). As many as 2.801 million voters are eligible to exercise their right of franchise to elect MPAs

Even though the joint opposition has moved a no-confidence motion against Senate Chairman Sadiq Sanjrani, yet it appears that neither the opposition nor treasury benches are in hurry to have the related session of the upper House of the Parliament convene

Prime Minister Imran Khan on Friday asked the Ministry of Information and Broadcasting to play an effective role in collaboration with media to expose negative propaganda and ensure dissemination of correct information to the public at large.

Foreign Minister Shah Mehmood Qureshi on Friday landed in Washington, US ahead of Prime Minister Imran Khan's crucial visit. On the invitation of President Donald J Trump, PM Khan will embark on a visit to the US on July 21.

Pakistan Peoples Party Parliamentarians (PPPP) has urged the Election Commission of Pakistan (ECP) to reconsider its decision of posting troops inside polling stations in NA-205 Gothki in the interest of free, fair and transparent elections.

The additional sales tax on local production of cotton is 10 percent whereas the sales tax on yarn is 17 percent. In this scenario, no one will buy cotton and yarn due to their sales tax amount will get stuck in export cycle and this will be only benefici

July 15 proved a rough day for Chinese bondholders, bringing defaults by five issuers including Jinggong Group, an industrial conglomerate whose interests span steel, finance and rice wine. But analysts and market players say there might be a silver linin

Much as the detractors might want to classify the deal as a Faustian Bargain, that it surely is not; it lacks a core ingredient, freedom to choose.

"We have to change the mindset as the country can no longer be run according to outdated patterns. It is necessary to broaden the tax net," stated PM Imran Khan while addressing the award-distribution ceremony of the Gujranwala Chamber of Commerce this we

Foreign Minister Shah Mehmood Qureshi has justifiably claimed as a victory for Pakistan the International Court of Justice's (ICJ) much-awaited verdict in the case of Kulbhushan Jadhav, an Indian intelligence operative under death sentence in this country

The chairman Federal Board of Revenue (FBR), Shabbar Zaidi, has reiterated the difficulties in plugging all tax loopholes, including smuggling and mis-declarations which, he stated, are not possible without the connivance of customs officials. He added th

A powerful bomb blast outside the gates of Kabul University in the Afghan capital on Friday killed at least eight people and wounded 33, as students and lawyers waited to take an examination, officials said. Taliban militants are carrying out almost daily

A powerful bomb blast outside the gates of Kabul University in the Afghan capital on Friday killed at least eight people and wounded 33, as students and lawyers waited to take an examination, officials said. Taliban militants are carrying out almost daily

Kosovo Prime Minister Ramush Haradinaj, a wartime commander of the Kosovo Liberation Army (KLA), said Friday he has resigned after being called as a suspect before a war crimes court in The Hague. "I received a summons from the special court as a suspect

Kosovo Prime Minister Ramush Haradinaj, a wartime commander of the Kosovo Liberation Army (KLA), said Friday he has resigned after being called as a suspect before a war crimes court in The Hague. "I received a summons from the special court as a suspect

Federal Board of Revenue (FBR) has identified over 2600 non-filers in a major bank and over 1900 in Sui Southern Gas Company (SSGC). Sources said that Broadening of Tax Base (BTB) of FBR Karachi after identifying over 2600 non-filers in a bank and over 19