A modest increase in prices of food grains and other essential kitchen items registered during the preceding week, according to weekly survey conducted by Business Recorder here on Sunday. According to survey, the prices of essential items during t
Former chief minister and provincial president ANP KP, Ameer Haider Khan Hoti has said that Tri-Party Alliance will remained intact even after local bodies' polls and with the mutual unity Pakhtuns will send pack Tsunami back to Bani Gala. Addressing an e
Ministry of Religious Affairs and Interfaith Harmony has directed the corporate entities/public sector organisations to submit their sponsored Hajj applications by June 1. The corporate entities, public sector organisations have been asked to furnish the
A technical working group of Ministry of Health on tobacco taxation comprising experts from Federal Board of Revenue (FBR) and other organisations has proposed withdrawal of tax exemption on tobacco products provided to Navy, President of Pakistan, Presid
With the introduction of the code of corporate governance in 2012 applied to all listed companies as a part of stock exchange regulations. This code also incorporated international best practices and standards to ensure transparency and good governance.
German politicians kept up the pressure on Greece over the weekend to implement reforms, with Economy Minister Sigmar Gabriel warning Athens in an interview that a third aid package would not be on the cards unless the Greeks made some changes.
The International Monetary Fund (IMF) mission chief for Pakistan Harald Finger arrived in Pakistan for the final day of the seventh review and thereafter held a joint press conference with Federal Finance Minister Ishaq Dar this week past. The two men pro
A new Islamabad to Karachi train service, 'Green Line', was inaugurated by Prime Minister Nawaz Sharif on Friday amid much fanfare. The travel time (23 hours from departure to final destination) and fare are about the same as those of normal express train
Addressing a workshop arranged by the National Defence University, Corps Commander Karachi Lieutenant-General Naveed Mukhtar meticulously articulated his analysis of the problems faced by people in Karachi. He is on the ball when he says that infrastructu
It must be frustrating for the economists/researchers in the State Bank of Pakistan that its Second Quarterly Report on the current financial year (2014-15) has been issued after five months. In fact, the Third Quarterly Report--from January to March-- is
A UN envoy called for an extension of a five-day humanitarian cease-fire in Yemen due to expire on Sunday as the Houthi Shia rebels boycotted political talks in Riyadh. The appeal followed clashes between rebels and pro-government forces across south Yeme
A British security contractor and two teenage girls were killed Sunday when a Taliban insurgent rammed an explosives-laden car into a European Union police vehicle in Kabul, the latest attack of Afghanistan's fighting season.
Israeli nationalists and police clashed with Palestinians in occupied east Jerusalem on Sunday as crowds of Jewish hard-liners marched across the city to mark the 48th anniversary of its capture. Known as Jerusalem Day, the anniversary marks the seizure i
Chinx, the New York rapper who won a growing following by turning his bleak experiences as a drug-dealer into verse, was shot dead Sunday. He was 31. The rapper - whose works included a series of mixtapes with the prophetic title "Hurry Up and Die" - was
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Libyan authorities arrested 400 illegal migrants, including several pregnant women, at dawn on Sunday as they prepared to board boats for Europe, officials said. Most of the migrants were Somalis and Ethiopians and included "pregnant women", said Mohammed
Malaysia on Sunday pressed Myanmar to engage in talks on Southeast Asia's boat-people influx, warning it may otherwise call an emergency meeting on the unfolding humanitarian crisis. "If necessary, we will call for an emergency (regional) meeting," Foreig
Macedonia's opposition vowed to continue street protests after 20,000 people marched through the capital Skopje on Sunday demanding that the country's embattled Prime Minister Nikola Gruevski step down. With the small Balkan country divided by a deep poli
The Civil Aviation Authority (CAA) has made abrupt changes to the schedule of eight flights in the wake of Prime Minister Nawaz Sharif's visit to Benazir Bhutto International Airport (BBIAP), Islamabad, on May 18.
The National Assembly Standing Committee on Information Technology will meet on Wednesday to analyse the proposed amendments/suggestions received from general public/stakeholders on the proposed controversial "Prevention of Electronic Crimes Bill, 2015 (P
A 15-member delegation of the All Pakistan Textile Mills Association (APTMA) called on former President Asif Ali Zardari at Zardari House, Islamabad on Sunday evening.
Secretary General Jamaat-e-Islami (JI), Liaquat Baloch has asked federal government not to make China Pakistan Economic Corridor (CPEC) controversial like Kalabagh Dam and avoids talking benefit of Punjab province only.
Civil Aviation Authority (CAA) has solicited the Pakistan International Airline (PIA) about a necessary action for resolving complaints launched by overseas Pakistanis at Grievance Commissioner Cell (GCC); it was learnt here on Saturday.
Federal Minister for Industries and Production Ghulam Murtaza Jatoi has said that though after 18th amendments, more authority and powers were devolved to the provinces, the performance of Sindh government was not satisfactory and even it failed in protec
Sindh High Court (SHC) has accepted for regular hearing a defamation suit of Rs200 million against Pakistan Steel Mills filed by proprietor of Reliable Hospital Supply Kausar Perveen. While admitting the plea for regular hearing, SHC issued summon notices
The Gandhara Hindko Board (GHB) organized a painting and calligraphy contest, at its academy to highlight various aspects of the rich culture of Peshawar. The contestants, both boys and girls, used water colours to spotlight the tangible heritage of Pesha
Under the "Sehat Ka Ittehad" programme, an Anti-polio campaign kicked off in Khyber Pakhtunkhwa from today (Monday). The drive will be carried out in eleven selected districts of the province including Bannu, Charsadda, D.I.Khan, Hangu, Karak, Lakki Marwa
Official bodyguard of Balochistan MPA Asim Kurd has on Sunday been gunned down by unidentified bike-riders in Quetta. According to police, Levies official Khadim Hussain was gunned down at Saryab Road. The bike-riders opened fire suddenly and Khadim Hussa
Deputy Inspector General (DIG) South Zone Dr Jameel Ahmed has said that co-ordination between police and traders will help in providing security to markets and shopping centres on modern and scientific basis. He was talking to a 15-member traders' delegat
The largest ice shelf in the Antarctic peninsula is being thinned by warmer seas and air and could catastrophically break up, scientists said on May 13. The loss of the Larsen C ice shelf could occur within a century but an earlier collapse cannot be rule
Nearly a quarter of our genes change how active they are according to the season, which may explain why people are more prone to illness in winter rather than summer, scientists said on May 13. In a study published in the journal Nature Communications, th
Sea level rise is accelerating, not declining as some have hoped, scientists said on May 11 citing meltwater from Earth's ice sheets as the likely cause. In 2013, the UN's Intergovernmental Panel on Climate Change (IPCC) said the global mean sea level ros
A certain type of vitamin B3 may help reduce the risk of non-melanoma skin cancers by 23 percent, according to research released on May 13 ahead of a major US cancer conference. Known as nicotinamide, the vitamin supplement was shown to enhance DNA repair
Australian scientists on May 12 forecast a "substantial" El Nino weather phenomenon for 2015, potentially spelling deadly and costly climate extremes, after officially declaring its onset in the tropical Pacific.
Google on Monday said it is sidelining its crowd-sourced map making tool to implement a way to prevent bogus edits, some of which have proven embarrassing. The Map Maker service will be "temporarily unavailable" beginning Tuesday, according to a message p
A Greenpeace report released on Tuesday charged utilities with hampering efforts to use renewable energy to power data centers needed for services hosted in the cloud. Greenpeace praised moves made by Apple, Google and other Internet titans to fill a skyr
Facebook moved deeper into the media business Wednesday by crafting a deal with news publishers which allows the social network to deliver articles directly to readers. The long-anticipated move by Facebook means it will host news items on its servers to
Google announced Friday its self-driving prototype cars were ready to leave the test track and hit public roads in California, in a step forward for its autonomous automobile program. The move comes after Google's internal testing of the bubble-shaped veh
French newspaper Le Monde is bucking seven decades of tradition of being an afternoon daily to start offering a morning publication - but only on mobile devices. The new electronic edition, to be known as La Matinale, is squarely aimed at a younger market
Microsoft said Thursday its Bing search engine would be reconfigured to give more prominence to "mobile-friendly" websites, an acknowledgement of the growing importance of smartphones and other mobile devices. The announcement comes just weeks after Googl
When somebody finds a lost phone, the device doesn't usually reveal who its owner is, especially if it's locked with a passcode. However, it's different for an iPhone or iPad equipped with the voice assistant Siri. In that case it's quite easy to find the
If you have your digital photos in a lot of different folders on a Windows computer, it can be difficult to quickly find a particular person, subject or place because you can't look at all the photos at once. The hard work is taken out of searching if you
Some things you mightn't want to remember. For example, that three years ago you searched on Google for tickets for a concert that you now find embarrassing. Or would you like to know about it? No problem - Google allows you to download your own search hi
Microsoft-owned Skype on Tuesday cleared the way for anyone to use a new feature that translates video chats or instant messages in real time. People no longer need to sign-up to use a preview version of Skype Translator, which handles spoken English, Spa
SoftBank Corp's profit last year beat its own forecast and edged ahead of analysts' estimates but the Japanese telecoms conglomerate skipped issuing a forecast for the current year, showing it was still cautious about its US unit Sprint.
South Korea's largest carrier Korean Air said on May 14 its net loss narrowed in the first quarter of this year, as operating profit surged from a year ago thanks to low oil prices. The consolidated net loss for January to March stood at 133.1 billion won
Kuwaiti telecommunications giant Zain said on May 12 its net profit for the first quarter of 2015 dived 26.6 percent over negative performance in Iraq and losses by its Saudi unit.
LATAM Airlines, Latin America's largest airline, posted a surprise net loss in the first quarter due to a weaker Brazilian real, but said operational results and margins had strongly improved. The net loss of just under $40 million in the three months to
Singapore Telecommunications Ltd, Southeast Asia's largest telecommunications operator, posted a 4.5 percent rise in fourth-quarter net profit, helped by growth in customers and data services at its regional mobile associates.
The Islamic Development Bank (IDB) is in discussions with Chinese officials to study the use of Islamic financing in the planned Asian Infrastructure Investment Bank (AIIB), the head of the Jeddah-based multilateral lender told Reuters.
Cisco Systems Inc's quarterly profit edged past market estimates as demand for new switches, routers, wireless gear and servers made up for sluggish spending by telecom customers and weak sales in emerging markets.
Cisco Systems Inc's quarterly profit edged past market estimates as demand for new switches, routers, wireless gear and servers made up for sluggish spending by telecom customers and weak sales in emerging markets.
Bumper trading volumes boosted Hong Kong's exchange operator's first-quarter profits by a third, in a sign the exchange is moving to a 'new normal' level of activity that could cement its place among the world's top stock markets.
Top seed Novak Djokovic warmed up for the French Open with a comprehensive 6-4, 6-3 victory over Roger Federer to claim his fourth Italian Open title on Sunday. In the absence of seven-time champion Rafael Nadal, ousted in the quarter-finals, the Serbian
Andrew Strauss said Sunday that "inflammatory comments" made by Kevin Pietersen in his controversial autobiography helped explain the star batsman's ongoing exile from the England team. Pietersen, England's leading all-time run-scorer across all formats,
Manchester City assured themselves of direct entry into next season's Champions League group stage on Sunday as Arsenal stayed on course for a top-three finish as well. City won 4-2 away to Swansea before third-placed Arsenal moved two points clear of Man
Russia's Maria Sharapova warmed up for the defence of her French Open title by securing her third Italian Open crown with a 4-6, 7-5, 6-1 win over Spain's Carla Suarez on Sunday. Suarez, bidding for only the second title of her career but first from the M
China won their sixth consecutive Sudirman Cup on Sunday, defeating Japan, which had reached the badminton tournament's finals for the first time. Thousands welcomed home team China with horns and drums as they entered and huddled to chants of "go China,
Spain's two-time world champion Jorge Lorenzo won his second successive MotoGP on Sunday when he took the French race for the fifth time in his career at the Bugatti circuit in Le Mans. The 28-year-old coasted home ahead of Yamaha team-mate and championsh
World and Olympic champion Shelly-Ann Fraser-Pryce finished just fifth in the Shanghai Diamond League 100m on Sunday in a setback to her bid for a third straight world title. In the season's second Diamond League meeting, David Oliver stormed to victory i
Camille Serme caused a sensation on Sunday by becoming the first Frenchwoman ever to win the British Open title. The 26-year-old from Creteil, near Paris, who has never broken into the world's top four, was too physically fresh and tactically astute for h
Lyon striker Alexandre Lacazette was named France's player of the year at a ceremony in Paris on Sunday as Paris Saint-Germain boss Laurent Blanc won the Ligue 1 coach of the year prize. Lacazette won the award, voted for by his peers, ahead of PSG trio Z
Pakistan's Jahangir Khan often described as the greatest squash player of all time, has outlined a new plan which he hopes will spark a revival of the sport in his homeland. It involves transforming a situation in which Pakistan, once by far squash's most
Australia wicketkeeper Brad Haddin has decided to make March's World Cup final his last one-day international and announced his retirement from the format on Sunday. The 37-year-old, who will leave Australia for the two-test tour of West Indies and Ashes
Pakistan appointed a local umpire who survived a 2009 terrorist attack on the Sri Lankan team for their home series against Zimbabwe after cricket's governing body refused to send officials. Ahsan Raza, now 40, will officiate during the series featuring t
Vietnam said it resolutely opposes a Chinese ban on all fishing activities in a sea area that covers the Gulf of Tonkin, claiming the act to be a "worthless decision". The ban on all fishing activities between May 16 and August 1 violates international la
While borrowers rejoice at the ultra low and even negative interest rates in Europe, savers fret and life insurance companies and pension funds face what is virtually a mission impossible. Despite a spike in sovereign bond yields in the past couple of wee
Nippon Steel & Sumitomo Metal Corp expects demand for seamless pipes used in oil drilling to fall by up to 30 percent this business year, but aims to offset most of the impact through lower fuel costs, a senior executive said. Nippon Steel, the world's se
Russian real estate tycoon Sergei Polonsky was deported from Cambodia to Russia on Sunday to face embezzlement charges after evading Russian law enforcement officials for nearly two years. A passenger plane carrying Polonsky landed at Moscow's Domodedovo
Top Republicans predicted on Sunday that both chambers of Congress would muster the votes to pass the "fast-track" authority sought by President Barack Obama to negotiate major trade deals, despite opposition from Obama's fellow Democrats.
Assembly lines at two Turkish car plants part-owned by European carmakers Renault and Fiat remained at a standstill on Sunday as workers protested employment conditions. Workers late on Thursday began a protest at Turkey's largest car factory, run by Oyak
Global miner Rio Tinto plans to sell some of its aluminium assets in a potential $1 billion deal, the Financial Times reported, reviving a sale plan for its Pacific Aluminium unit two years after it was cancelled.
Industrial and Commercial Bank of China, the country's largest bank by assets, plans to issue a US dollar-denominated benchmark bond through its branch in the Dubai International Financial Centre, sources aware of the matter said on Sunday. It would be th
Industrial and Commercial Bank of China, the country's largest bank by assets, plans to issue a US dollar-denominated benchmark bond through its branch in the Dubai International Financial Centre, sources aware of the matter said on Sunday. It would be th
Ratings agency Fitch will soon downgrade European banks en masse, possibly even at the start of the week, German newspaper Handelsblatt said, citing unnamed financial sources. In most cases the banks will be downgraded by between one and a maximum of four
Brazilian oil company PetroRio has agreed to sell its 49 percent stake in Amazon oil and gas exploration blocks in the Solimoes Basin to Russian partner Rosneft for $55 million, a source familiar with talks told Reuters on Sunday. The deal, which still ne
Ukrainian Finance Minister Natalia Yaresko said in a German newspaper interview that Kiev's foreign lenders should agree to a debt restructuring for the sake of German taxpayers.
India's finance ministry said in a statement Sunday that it had managed to better its fiscal and revenue deficit targets for the year 2014-15, as per provisional accounts for the year.
Indian Prime Minister Narendra Modi held talks Sunday with his counterpart during a visit to Mongolia, with the two nations upgrading relations as Delhi tries to strengthen its influence in China's backyard. Meeting Prime Minister Chimed Saikhanbileg, Mod
Prime Minister Alexis Tsipras had warned foreign officials that Athens would not be able to pay the 750 million euros ($845 million) due this month to the International Monetary Fund, Greek newspapers said Sunday. The reports came less than a week after A
Many global investors have been wrong-footed by a 7 percent surge in emerging market equities in April, as stellar gains in China lifted the benchmark index to its best monthly showing since early 2012.
Many global investors have been wrong-footed by a 7 percent surge in emerging market equities in April, as stellar gains in China lifted the benchmark index to its best monthly showing since early 2012.
Investors used to thinking that vast quantities of cheap central bank money make financial assets a one-way bet have had a rude awakening in recent weeks, as that same conventional wisdom created frailties in the functioning of markets.
Party City Holdco Inc, the largest US party goods retailer, is expected to be valued at nearly $2 billion in its initial public offering, the first by a US retailer this year. The company, backed by buyout firm Thomas H. Lee Partners LP, operates 900 part
Party City Holdco Inc, the largest US party goods retailer, is expected to be valued at nearly $2 billion in its initial public offering, the first by a US retailer this year. The company, backed by buyout firm Thomas H. Lee Partners LP, operates 900 part
HSBC cut Indian shares to "underweight" from "overweight", saying markets were over-owned at a time when earnings were expected to slow and the scope of interest rate cuts were diminishing. The downgrade to underweight is the first by a major foreign bank
The US dollar will soon resume its rally, provided the economy recovers from a weak start to the year sufficiently to justify an interest rate hike from the Federal Reserve, a Reuters poll showed. The greenback has rallied some 20 percent since last summe
Investors will watch for any change in the economic outlook from housing data and remarks by various Federal Reserve speakers next week, while retailers will take over on the earnings front as the first-quarter reporting season trickles to its end.
Healthcare research firm Press Ganey filed for a US initial public offering of common stock, the latest buyout-backed company looking to tap a fully valued equity market. Private equity firm Vestar Capital Partners Inc, which bought Press Ganey from Ameri
Healthcare research firm Press Ganey filed for a US initial public offering of common stock, the latest buyout-backed company looking to tap a fully valued equity market. Private equity firm Vestar Capital Partners Inc, which bought Press Ganey from Ameri