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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-10-11
Europhobes UKIP win first seat in British parliament

Europhobes UKIP win first seat in British parliament

Britain's anti-EU UK Independence Party won its first seat in the House of Commons Friday, sending jitters through Prime Minister David Cameron's Conservatives seven months before what is likely to be a tight general election. Conservative defector Dougla
Published 11 Oct, 2014 12:00am
Thai junta wants producers to extend price-freeze to end-2014

Thai junta wants producers to extend price-freeze to end-2014

Thailand's commerce minister said he will ask businesses that agreed to freeze prices through November to keep them frozen until the end of the year in a bid to boost consumption and revive the struggling economy. The ministry wants produce producers to c
Published 11 Oct, 2014 12:00am
Malaysia budget looks to soften fiscal tightening blow

Malaysia budget looks to soften fiscal tightening blow

Malaysia's government looked to shore up its support base on Friday by announcing a budget that took the sting out of cuts to fuel subsidies and a new consumer tax by announcing lower income taxes and more money for assistance programmes.
Published 11 Oct, 2014 12:00am
Sri Lanka's FDI rises

Sri Lanka's FDI rises

Sri Lanka's foreign direct investments rose 49 percent in the first nine months of the year from the same period a year earlier to $1.3 billion, the state-run Board of Investment said on Friday. Investment Promotion Minister Lakshman Yapa Abeywardena said
Published 11 Oct, 2014 12:00am
Japan consumer mood dips as sales tax hike saps morale

Japan consumer mood dips as sales tax hike saps morale

Japanese consumer confidence worsened for a second straight month in September, suggesting the government's policy efforts to boost shopper sentiment and promote growth are losing traction. The survey's sentiment index for general households, which includ
Published 11 Oct, 2014 12:00am
Emirates Airlines says new plane tracking systems unnecessary

Emirates Airlines says new plane tracking systems unnecessary

The head of Emirates Airlines, one of the world's largest carriers, said there was no need to improve modern aircraft tracking systems even after a commercial jet disappeared earlier this year, according to Spiegel magazine. The disappearance of Malaysian
Published 11 Oct, 2014 12:00am
Armenia signs up for Moscow-led economic union

Armenia signs up for Moscow-led economic union

Armenia on Friday officially signed up to a Russian-led economic union, cementing a deal that will see the former Soviet country turn its back on closer ties with Europe. President Serzh Sarkisian signed the agreement to join the Eurasian Economic Union a
Published 11 Oct, 2014 12:00am
Gazprom to store natural gas in Hungary

Gazprom to store natural gas in Hungary

Russia's Gazprom will store 700 million cubic metres of natural gas in Hungary to help ensure deliveries over the winter in case disruptions, Hungary's state-owned energy firm MVM said Friday. While MVM has been filling up its reservoirs with gas it has b
Published 11 Oct, 2014 12:00am
EU rules seek to aid securitisation revival

EU rules seek to aid securitisation revival

The European Commission published new rules on Friday to encourage more securitisation of assets such as car and consumer loans and small business loans as part of a drive to channel more funds into the flagging European economy. The new rules form part o
Published 11 Oct, 2014 12:00am
China and Germany vow to deepen ties at Li-Merkel summit

China and Germany vow to deepen ties at Li-Merkel summit

China and Germany vowed to build up already massive business ties at their third summit this year in Berlin Friday, amid tougher times for Asia and Europe's biggest economies. Chancellor Angela Merkel rolled out the red carpet for Chinese Premier Li Keqia
Published 11 Oct, 2014 12:00am
Murdoch joint venture creates TV production powerhouse

Murdoch joint venture creates TV production powerhouse

Rupert Murdoch's 21st Century Fox announced a joint venture Friday, partnering with "Big Brother" creator Endemol to create up a big new player in the TV production segment. The deal announced by the two firms creates a 50-50 joint venture between US-base
Published 11 Oct, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 11 Oct, 2014 12:00am
Elements behind sit-ins achieved their objectives: Zardari

Elements behind sit-ins achieved their objectives: Zardari

Co-chairman PPP Asif Zardari said the PPP would not let anyone to destabilise the system. Talking to party members from Sargodha division, he said the PPP as opposition party and the PML-N as ruling party would decide when next elections would take place.
Published 11 Oct, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 11 Oct, 2014 12:00am
BISP card-holders exempted from ATM transaction fee

BISP card-holders exempted from ATM transaction fee

State Bank of Pakistan (SBP) with a view to facilitating the beneficiaries of Benazir Income Support Programme (BISP) has waived Inter-Switch fee/charges on ATM transactions for the BISP card-holders. Sources in banking sector told Business Recorder </
Published 11 Oct, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 10, 2014).

Published 11 Oct, 2014 12:00am
BISP card-holders exempted from ATM transaction fee

BISP card-holders exempted from ATM transaction fee

State Bank of Pakistan (SBP) with a view to facilitating the beneficiaries of Benazir Income Support Programme (BISP) has waived Inter-Switch fee/charges on ATM transactions for the BISP card-holders. Sources in banking sector told Business Recorder </
Published 11 Oct, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 10, 2014).

Published 11 Oct, 2014 12:00am
BISP card-holders exempted from ATM transaction fee

BISP card-holders exempted from ATM transaction fee

State Bank of Pakistan (SBP) with a view to facilitating the beneficiaries of Benazir Income Support Programme (BISP) has waived Inter-Switch fee/charges on ATM transactions for the BISP card-holders. Sources in banking sector told Business Recorder </
Published 11 Oct, 2014 12:00am
The Weather

The Weather

The weather report on Friday (October 10, 2014) and the forecast for Saturday (October 11, 2014).

Published 11 Oct, 2014 12:00am
SPI inflation up 7.22 percent YoY

SPI inflation up 7.22 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation surged by 7.22 percent during the week ended October 9, 2014, reflecting an increase in prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that
Published 11 Oct, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on October 08, 2014.

Published 11 Oct, 2014 12:00am
SPI inflation up 7.22 percent YoY

SPI inflation up 7.22 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation surged by 7.22 percent during the week ended October 9, 2014, reflecting an increase in prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that
Published 11 Oct, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on October 08, 2014.

Published 11 Oct, 2014 12:00am
SPI inflation up 7.22 percent YoY

SPI inflation up 7.22 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation surged by 7.22 percent during the week ended October 9, 2014, reflecting an increase in prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that
Published 11 Oct, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on October 08, 2014.

Published 11 Oct, 2014 12:00am
German aid worker freed in Kabul after two-year ordeal

German aid worker freed in Kabul after two-year ordeal

A German aid worker who was taken hostage by masked gunmen in Pakistan over two years ago was released in neighbouring Afghanistan this week, Berlin said on Friday. German special forces were involved in the non-violent handover at a mosque on the outskir
Published 11 Oct, 2014 12:00am
German aid worker freed in Kabul after two-year ordeal

German aid worker freed in Kabul after two-year ordeal

A German aid worker who was taken hostage by masked gunmen in Pakistan over two years ago was released in neighbouring Afghanistan this week, Berlin said on Friday. German special forces were involved in the non-violent handover at a mosque on the outskir
Published 11 Oct, 2014 12:00am
Government urges India to allow UN observers

Government urges India to allow UN observers

Pakistan on Thursday urged India to allow United Nations Military Observer Group in India and Pakistan (UNMOGIP) to observe and monitor the situation, as the two neighbours accused each other of committing escalation in cease-fire on the Line of Control (
Published 11 Oct, 2014 12:00am
Government urges India to allow UN observers

Government urges India to allow UN observers

Pakistan on Thursday urged India to allow United Nations Military Observer Group in India and Pakistan (UNMOGIP) to observe and monitor the situation, as the two neighbours accused each other of committing escalation in cease-fire on the Line of Control (
Published 11 Oct, 2014 12:00am
US MIDDAY: gold down

US MIDDAY: gold down

Gold edged lower on Friday as a rise in the dollar capped four days of gains, though the metal remained supported around the $1,220 level by the prospect of a widespread economic slowdown that could keep interest rates low. Strength in the US currency dro
Published 11 Oct, 2014 12:00am
US MIDDAY: corn, soya fall

US MIDDAY: corn, soya fall

Chicago Board of Trade corn and soyabean futures dropped on Friday, with big crops in focus following a US Agriculture Department report that boosted already-record forecasts for US production. Wheat futures closed higher after the USDA cut its outlook fo
Published 11 Oct, 2014 12:00am
Oil rebounds off four-year low on short covering

Oil rebounds off four-year low on short covering

Global oil prices rebounded on Friday, after sinking to the lowest levels in nearly four years earlier in the day, as end-of-week short-covering stalled a near four-month price rout. Pressured by ample supply and weak economic data, Brent crude oil has dr
Published 11 Oct, 2014 12:00am
Cotton futures rise after USDA report, post weekly gain

Cotton futures rise after USDA report, post weekly gain

Cotton futures in New York rose on Friday, notching a second straight weekly rise after the US government cut its outlook for 2014/15 domestic production and as worries lingered over tight nearby supplies. The most-active December cotton contract on ICE F
Published 11 Oct, 2014 12:00am
South Africa leaves bumper maize forecast unchanged

South Africa leaves bumper maize forecast unchanged

South Africa left its 2014 maize output forecast unchanged last Tuesday as good weather helped produce a bumper crop that should contain food prices and give a lift to sluggish growth in Africa's most advanced economy. The government's Crop Estimates Comm
Published 11 Oct, 2014 12:00am
Gold rally stalls in European trade

Gold rally stalls in European trade

Gold edged lower on Friday as a rise in the dollar capped four days of gains, though the metal remained supported around the $1,220 level by the prospect of a widespread economic slowdown that could keep interest rates low. Strength in the US currency dro
Published 11 Oct, 2014 12:00am
Gold rises in New York

Gold rises in New York

Gold rose to a two-week high on Thursday, extending its daily winning streak to four, as safe-haven buying increased after US equities tumbled on concerns over the pace of economic growth. Bullion's four-day rise marked its longest winning streak in seven
Published 11 Oct, 2014 12:00am
Gold up in Asia

Gold up in Asia

Gold retained gains from a four-day rally on Friday and was headed for its best week in nearly four months as a slump in equities and growing worries over the global economy attracted safe-haven bids for the metal. Spot gold was steady at $1,223.20 an oun
Published 11 Oct, 2014 12:00am
Cocoa surges

Cocoa surges

New York cocoa futures rallied more than 3 percent for their largest daily gain in nearly nine months on Friday as investors covered shorts amid mounting worries over the potential impact of Ebola on supplies from West Africa. Raw sugar on ICE Futures US
Published 11 Oct, 2014 12:00am
Palm oil down

Palm oil down

Malaysian palm oil futures slipped to a one-week low on Friday, shaving off some gains made earlier this week as tumbling crude prices and disappointing export data stoked fears of weaker appetite for palm. A surprise fall in October export data after Sep
Published 11 Oct, 2014 12:00am
Wheat falls; corn and soya up

Wheat falls; corn and soya up

US wheat futures fell 2.9 percent from four-week highs on Thursday, with investors focusing on poor demand and plentiful global stocks ahead of a key government report, traders said. Corn and soyabeans firmed, with corn notching its seventh straight day o
Published 11 Oct, 2014 12:00am
Tokyo rubber dips

Tokyo rubber dips

Benchmark Tokyo rubber futures fell 2 percent on Friday after a three-day rally, weighed down by weaker Japanese equities and slumping oil prices on concerns over global economic growth, but the contract posted its first weekly gain in seven. The Tokyo Co
Published 11 Oct, 2014 12:00am
Copper falls on global growth outlook

Copper falls on global growth outlook

Copper prices fell on Friday, reversing gains from the previous session, pressured by a stronger dollar and growing concerns about the outlook for economic growth. Three-month London Metal Exchange (LME) copper was last bid at $6,640 a tonne, down 1.19 pe
Published 11 Oct, 2014 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded December copper contract on the Shanghai Futures Exchange reversed early gains to shed 0.4 percent, trading at 47,400 yuan ($7,730) a tonne on Friday. Softer domestic demand probably pulled down growth in China's imports, investment and re
Published 11 Oct, 2014 12:00am
Air Commodore Rana Imran promoted as Air Vice Marshal

Air Commodore Rana Imran promoted as Air Vice Marshal

The government on Friday promoted Air Commodore Rana Muhammad Imran to the rank of Air Vice Marshal. Air Vice Marshal Rana Muhammad Imran was commissioned in January 1983 in the Engineering Branch of Pakistan Air Force, said a PAF press release.
Published 11 Oct, 2014 12:00am
SECP registers 405 new companies in September

SECP registers 405 new companies in September

The Securities and Exchange Commission of Pakistan (SECP) registered 405 new companies in September. When compared with the corresponding month of last year, a 22 percent growth was witnessed. Around 91 percent companies were registered as private limited
Published 11 Oct, 2014 12:00am
Seven killed in Rajanpur accident

Seven killed in Rajanpur accident

At least seven people were killed as a speedy passenger coach collided with a car here on Friday. According to rescue sources, the accident occurred on Indus Highway in Mohammadpur area of the city where two busses collided. Details have it that the accid
Published 11 Oct, 2014 12:00am
Dar highlights economic achievements

Dar highlights economic achievements

Minister for Finance and Economic Affairs Ishaq Dar Friday said Pakistan has undergone a remarkable economic recovery over a short period of time, which is widely acknowledged by independent analysts, particularly international financial institutions. "Ev
Published 11 Oct, 2014 12:00am
Korean cultural event to be held in Karachi on October 16

Korean cultural event to be held in Karachi on October 16

The Karachi Office of the Embassy of the Republic of Korea is proud to announce that it is organising a Korean cultural event "A Night of Music in Karachi" that will feature eight top-class Korean artists (tenor, soprano, baritone and traditional musician
Published 11 Oct, 2014 12:00am
Majlis-e-Chehlum

Majlis-e-Chehlum

Quran Khawani and Majlis-e-Chelum for the isal-e-swab of Syed Ali Hassan, father of Syed Ibne Hassan of National Bank of Pakistan will be held on Sunday at 4.00pm at Imam Bargah Shuhada-e-Karbala, Block 20, F B Area, Ancholi Society, Karachi.
Published 11 Oct, 2014 12:00am
Altaf asks people to pray for Bajia

Altaf asks people to pray for Bajia

The MQM chief Altaf Hussain has expressed his concern on the illness of renowned literary figure, drama writer and intellectual Fatima Surayya Bajia. He prayed Allah to give health and long life to the aging drama writer popularly known as Bajia. Altaf Hu
Published 11 Oct, 2014 12:00am
KP chief minister establishes Provincial Accounts Committee

KP chief minister establishes Provincial Accounts Committee

KP Chief Minister Pervez Khattak has approved the establishment of Provincial Accounts Committee (PAC) in the province. The 21-member committee established on the pattern of National Accounts Committee (NAC) at federal level will be headed by Additional C
Published 11 Oct, 2014 12:00am
161 LDA employees promoted to next scale

161 LDA employees promoted to next scale

Lahore Development Authority (LDA) has granted one step promotion/up-gradation to next pay scale to 161 of its employees working in BS 1 to 4. Notification in this regard has been issued by the Director Administration LDA, in pursuance of Government of Pu
Published 11 Oct, 2014 12:00am
Punjab textile mills: SNGPL suspends gas supply until October 20

Punjab textile mills: SNGPL suspends gas supply until October 20

Gas supply to the Punjab based textile industry has been deferred until October 20 against earlier plan of resuming supply after Eid on the SNGPL network. The industry sources said the SNGPL has announced fresh schedule of gas supply to industry, accordin
Published 11 Oct, 2014 12:00am
Mobilink wins Ethical Corporate Award for m-Literacy Programme

Mobilink wins Ethical Corporate Award for m-Literacy Programme

Mobilink, in a joint entry with VimpelCom has won the Ethical Corporation Award 2014 in the category of "Most Effective International Community Investment" for its m-Literacy Programme. The awards were organised by internationally renowned Ethical Corpora
Published 11 Oct, 2014 12:00am
Buksh Energy granted first LoS for solar power project

Buksh Energy granted first LoS for solar power project

Alternative Energy Development Board (AEDB) has granted the country's first Letter of Support (LoS) to Buksh Solar Pvt Ltd (BSPL) for its 10 Megawatts (MW) solar powered generation facility catering to Bahawalpur and Cholistan districts. Buksh Solar is a
Published 11 Oct, 2014 12:00am
Three Pakistani Hujjaj die, 11 hurt in road accident

Three Pakistani Hujjaj die, 11 hurt in road accident

Three Pakistani Hujjaj were tragically killed and 11 injured in a traffic accident on Tuesday near Afif on the Riyadh-Makkah highway. "We came to know of the accident late on Tuesday and found that the deceased were Pakistani expatriates whose bodies were
Published 11 Oct, 2014 12:00am
Beheaded body of youth found

Beheaded body of youth found

Swat Police found the body of a beheaded youth on Mingora Bypass on Friday. According to details, the police received information of the body of a beheaded youth on Mingora Bypass, which was mercilessly killed by beheading. The police shifted the body to
Published 11 Oct, 2014 12:00am
Pricing policy on drugs

Pricing policy on drugs

It seems that the governments in Pakistan often confuse or compound the issues which are amenable to easy solutions. One of them is the lack of consensus on drug price mechanism between the government and the pharma industry and the absence of a clear cut
Published 11 Oct, 2014 12:00am
Growing Indian belligerence

Growing Indian belligerence

Does the flare-up on the Working Boundary by India's Border Security Force (BSF) have anything to do with the US withdrawal from Afghanistan? This could be one of the reasons for escalation in Indian shelling on the civilians inhabiting the Sialkot sector
Published 11 Oct, 2014 12:00am
Economics of hypocrisy

Economics of hypocrisy

Politicians are known to make promises and the political parties start their campaign by a manifesto. This manifesto lays down the economic policies that the party will implement when in power. The tragedy is that the electoral college does not know how t
Published 11 Oct, 2014 12:00am
Ireland's Sinn Fein sees path to power in unequal recovery

Ireland's Sinn Fein sees path to power in unequal recovery

Six years of austerity have transformed former Irish Republican Army political wing Sinn Fein from nationalist outsiders to contenders to enter government, threatening the biggest shake-up of Irish politics in generations. Until two decades ago Sinn Fein
Published 11 Oct, 2014 12:00am
Fund managers line up for high-yielding energy company subsidiaries

Fund managers line up for high-yielding energy company subsidiaries

The hunt for dividend yield is pushing US fund managers into an unproven new offshoot of the alternative energy industry. Yield companies - commonly called "yieldcos" - are spin-offs of alternative energy companies that own assets such as wind or solar fa
Published 11 Oct, 2014 12:00am
TTP and IS

TTP and IS

Apropos 'TTP seeks to forge alliance with IS' carried by Business Recorder on October 5, a significant development seems to have taken place in the regional militancy paradigm with Tehreek-e-Taliban Pakistan (TTP) declaring allegiance to Islamic St
Published 11 Oct, 2014 12:00am
Capital Punishment: HRCP welcomes continuation of moratorium

Capital Punishment: HRCP welcomes continuation of moratorium

The Human Rights Commission of Pakistan (HRCP) has welcomed continuation of moratorium on capital punishment by the government and has called for a thorough review of the death penalty regime in the country. In a statement made by the HRCP representatives
Published 11 Oct, 2014 12:00am
Smoking hazards: call for launching massive awareness drive

Smoking hazards: call for launching massive awareness drive

Punjab Finance Minister Shuja-ur-Rehman has stressed upon the doctors community for launching massive awareness campaign for sensitising the people about hazardous aspects of smoking with a view to prevent cardio-vascular diseases besides lungs, bronchiti
Published 11 Oct, 2014 12:00am
JI chief raps India over ceasefire violation

JI chief raps India over ceasefire violation

Jamaat-i-Islami chief Sirajul Haq has said that the 'Hindu Bunya' understood the language of weapons only and must be replied in the same tone. Addressing a large Friday congregation at the Mansoora mosque, he said the rulers in New Delhi had gone crazy a
Published 11 Oct, 2014 12:00am
Dr Naseer gets 'Saarc Distinguished Award'

Dr Naseer gets 'Saarc Distinguished Award'

Former President, Pakistan Orthopaedic Association and Principal, King Edward Medical College, Lahore, Professor Dr Naseer Mahmood Akhtar was bestowed upon with the prestigious "Saarc Distinguished Orthopaedic Service Award" at the inaugural ceremony of 8
Published 11 Oct, 2014 12:00am
Sindh Irrigation Department stops water outflow to Indus Delta

Sindh Irrigation Department stops water outflow to Indus Delta

The Sindh Irrigation Department has stopped outflow of water downstream the Kotri Barrage in the Indus Delta after about two months as in inflow at the barrage dropped to 17,300 cusecs on Friday. According to WAPDA report about position of the river inflo
Published 11 Oct, 2014 12:00am
'Government will not leave IDPs in critical situation'

'Government will not leave IDPs in critical situation'

Speaker Khyber Pakhtunkhwa Assembly Asad Qaiser has said that displaced persons from North Waziristan Agency will not be leave alone at their critical stage and PTI government will assist them at all. Talking to a tribal elders' delegation from North Wazi
Published 11 Oct, 2014 12:00am
LCCI rejects rise in property tax rates

LCCI rejects rise in property tax rates

The Lahore Chamber of Commerce and Industry on Friday has rejected raise in property tax rates and urged the government to withdraw this decision immediately. During a meeting with MNA Pervez Malik and Secretary Excise and Taxation Khalid Masood, the LCCI
Published 11 Oct, 2014 12:00am
Wrong property tax notices: chief minister Punjab takes notice

Wrong property tax notices: chief minister Punjab takes notice

Punjab Chief Minister Muhammad Shahbaz Sharif has said that those who have sent wrong notices of property tax to the citizens will be put behind the bars as harassment and injustice to the people under the garb of property tax will not be tolerated. He wa
Published 11 Oct, 2014 12:00am
'Micro plan to be implemented for dengue control in Rawalpindi'

'Micro plan to be implemented for dengue control in Rawalpindi'

Under the directive of Punjab Chief Minister Muhammad Shahbaz Sharif, the District Government of Rawalpindi has chalked out "Micro Plan" to implement and monitor dengue control activities of all related government departments and organisations in Rawalpin
Published 11 Oct, 2014 12:00am
Malala made every Pakistani proud: Zardari

Malala made every Pakistani proud: Zardari

PPP Co-Chairman former President Asif Ali Zardari has felicitated Malala Yousufzai and the people of Pakistan and said that by winning the Nobel Peace Prize Malala had made every Pakistani proud. In a message the former President said the award of Nobel P
Published 11 Oct, 2014 12:00am
President congratulates Malala

President congratulates Malala

President Mamnoon Hussain on Friday felicitated Malala Yousafzai on winning Noble Peace Prize and said that Malala has made her parents, her colleagues, every proponent of girls' right to education, and indeed the entire nation proud. In his felicitation
Published 11 Oct, 2014 12:00am
National Assembly Speaker felicitates Malala

National Assembly Speaker felicitates Malala

Speaker National Assembly Sardar Ayaz Sadiq has felicitated Malala Yousafzai for awarding Nobel Peace Prize. In his felicitation message issued here on Friday, the Speaker said that Malala Yousafzai is the pride and identity of the nation and the entire w
Published 11 Oct, 2014 12:00am
People of KP jubilant over winning Noble Peace Award by Malala

People of KP jubilant over winning Noble Peace Award by Malala

The government functionaries and politicians of Khyber Pakhtunkhwa are expressing jubilance over the winning of Noble Peace Award by teenager child rights activist Malala Yousafzai. Malala is the youngest to be awarded the globally prestigious annual priz
Published 11 Oct, 2014 12:00am
Tributes paid to Malala

Tributes paid to Malala

Pakistan Muslim League-Q (PML-Q) President and former Prime Minister Senator Chaudhry Shujaat Hussain and senior party leader and former Deputy Prime Minister Chaudhry Parvez Elahi have paid rich tributes to Malala Yousafzai on getting the Nobel Prize.
Published 11 Oct, 2014 12:00am
Hong Kong, China stocks sink

Hong Kong, China stocks sink

Hong Kong shares sank 1.90 percent Friday, in line with a regional sell-off after a slump on Wall Street fuelled by concerns about the global economy. The Hang Seng Index shed 445.99 points to 23,088.54 on turnover of HK$67.14 billion ($8.66 billion). How
Published 11 Oct, 2014 12:00am
Diploma-less Zidane threatened with ban

Diploma-less Zidane threatened with ban

France legend Zinedine Zidane has been threatened with suspension from his current role as Real Madrid's reserve team coach because he has not validated his coaching badge, according to a club source. "We've received a notification (from the Spanish Feder
Published 11 Oct, 2014 12:00am
Blatter calls for end to away goals rule

Blatter calls for end to away goals rule

FIFA president Sepp Blatter on Friday called for an end to the away goals winner rule in clashes with two matches. Blatter said the rule favours clubs who play away in the second leg because extra time can give an extra opportunity to get a goal with doub
Published 11 Oct, 2014 12:00am
Japan give Aguirre first win

Japan give Aguirre first win

Javier Aguirre scraped his first win in three games as Japan coach, after an own goal by Jamaica gave the Asian champions a 1-0 victory at home on Friday. The Blue Samurai squandered several chances against the "Reggae Boyz", but an own goal from Nyron No
Published 11 Oct, 2014 12:00am
Pietersen accepts England career may be over

Pietersen accepts England career may be over

Kevin Pietersen conceded Friday he may "potentially" have played his last match for England as the controversy surrounding his autobiography continues. During an intensive publicity campaign, South Africa-born batsman Pietersen - England's all-time leadin
Published 11 Oct, 2014 12:00am
New Indian league brings glamour, scepticism

New Indian league brings glamour, scepticism

With Bollywood stars, cricketing greats and a slick marketing campaign, India's new football league is gunning to become the next big thing in sport. But just days before Sunday's kick-off in the eastern city of Kolkata, the Indian Super League (ISL), whi
Published 11 Oct, 2014 12:00am
Indian rupee falls but posts first weekly gain in five

Indian rupee falls but posts first weekly gain in five

The Indian rupee fell on Friday, snapping four sessions of gains as tumbling global markets raised fears about foreign investments while caution also prevailed ahead of key inflation data due next week. Global shares fell to a six-month low on Friday as i
Published 11 Oct, 2014 12:00am
Sterling falls against dollar, euro

Sterling falls against dollar, euro

Sterling fell against both the dollar and the euro on Friday, hurt by the anti-EU UK Independence Party winning a seat in parliament for the first time, which underlined the risks for both main parties ahead of a national election next year. Against a tra
Published 11 Oct, 2014 12:00am
Aussie, kiwi struggle

Aussie, kiwi struggle

The Australian and New Zealand dollars retreated from two-week highs against the US currency on Friday as growing concerns about global economic growth prompted investors to shed riskier assets including the two higher-yielding currencies. A sell-off in g
Published 11 Oct, 2014 12:00am
Global growth woes cut Asia FX weekly gains

Global growth woes cut Asia FX weekly gains

Most emerging Asian currencies fell on Friday to pare weekly gains as worries about a slowing global economy dented risk appetite. The South Korean won rose on catch-up plays as the country's financial markets were closed on Thursday for a holiday when ot
Published 11 Oct, 2014 12:00am
Yuan slips

Yuan slips

China's yuan slipped on Friday as investors consolidated gains in a holiday-shortened week ahead of a raft of data next week which will provide clues on the extent of the slowdown in the economy. Softer domestic demand probably pulled down growth in China
Published 11 Oct, 2014 12:00am
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