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Print - 2015-08-09
Berkshire profit falls 37 percent on investment
Currency

Berkshire profit falls 37 percent on investment

Warren Buffett's Berkshire Hathaway Inc said on Friday its second-quarter profit fell 37 percent, reflecting a significant decline in investment gains and an underwriting loss from insurance operations, which include Geico. Net income for the Omaha, Nebra
Published 09 Aug, 2015 12:00am
Indian factory growth bucks Asia trend, speeds to six-month high in July

Indian factory growth bucks Asia trend, speeds to six-month high in July

Indian manufacturing activity expanded at its fastest pace in six months in July as new export orders accelerated, a business survey. The Nikkei Manufacturing Purchasing Managers' Index, compiled by Markit, rose to 52.7 in July from June's 51.3, bucking w
Published 09 Aug, 2015 12:00am
Twitter considers board shakeup

Twitter considers board shakeup

Twitter Inc's board is weighing a shakeup that could involve the exit of former Chief Executive Dick Costolo, Bloomberg reported, citing people familiar with the matter. The changes may be announced when the company names a permanent CEO, Bloomberg said.
Published 09 Aug, 2015 12:00am
Bank of Portugal receives one improved offer for Novo Banco

Bank of Portugal receives one improved offer for Novo Banco

The Bank of Portugal has received one improved bid for Novo Banco but will evaluate in coming weeks all three bids that have been made, the bank said on Friday. Friday was the deadline for improved offers by three bidders who presented binding offers in J
Published 09 Aug, 2015 12:00am
Gestede debut winner ruins Bournemouth's Premier League bow

Gestede debut winner ruins Bournemouth's Premier League bow

Aston Villa ruined Bournemouth's first taste of the Premier League as Benin striker Rudy Gestede marked his debut with the late goal that sealed a 1-0 win at Dean Court on Saturday. Playing in the top-flight for the first time in the club's 116-year histo
Published 09 Aug, 2015 12:00am
Babar, Shehram sails in knock-out rounds of 6-Red World Snooker

Babar, Shehram sails in knock-out rounds of 6-Red World Snooker

Pakistan's duo of Babar Masih and Shahram Changezi stormed into the last 49 knock-out staged of World Snooker Championship after their fourth straight wins here at the Darbar Hall of Movenpick Hotel on Saturday. Shahram recovered from 0-2 down to register
Published 09 Aug, 2015 12:00am
McIlroy scheduled to play PGA Championship

McIlroy scheduled to play PGA Championship

World number one Rory McIlroy is set to return from injury at next week's PGA Championship after being scheduled to tee off in the first round, the PGA of America said Friday. The PGA said on Twitter that defending champion McIlroy had been grouped with U
Published 09 Aug, 2015 12:00am
Imad aims to perform for Pakistan

Imad aims to perform for Pakistan

Cricketer Imad Wasim said on Saturday that he was at the threshold of his international career and wanted to perform for the country both with the bat and ball. "I'm not a star or superstar. I'm happy that I contributed in team's win against Sri Lanka. I'
Published 09 Aug, 2015 12:00am
Nishikori, Cilic book US Open finals rematch

Nishikori, Cilic book US Open finals rematch

Japan's fifth-ranked Kei Nishikori and Croatia's eighth-ranked Marin Cilic will meet in a rematch of last year's US Open final after advancing Friday to the ATP and WTA Washington Open semi-finals. And Nishikori made it clear he seeks a measure of revenge
Published 09 Aug, 2015 12:00am
Everton come from behind to draw with Watford

Everton come from behind to draw with Watford

Everton came from behind twice in a dramatic finish to draw 2-2 with newly-promoted Watford at Goodison Park on Saturday. The visitors looked set for a winning start to life back in the Premier League thanks to goals by Miguel Layun and substitute Odion I
Published 09 Aug, 2015 12:00am
Djokovic makes return in Montreal event

Djokovic makes return in Montreal event

A month after winning Wimbledon, Novak Djokovic will pick up a racquet once again as the world number one plays as top seed in the Montreal Masters, which begins Monday. The Serb, who won the first of his three Canadian titles in 2007 in Montreal, also ad
Published 09 Aug, 2015 12:00am
Juventus new-look strike force bags Italian Super Cup victory

Juventus new-look strike force bags Italian Super Cup victory

Juventus' two new strikers both scored on their debut as the Turin club beat Lazio 2-0 to lift the Italian Super Cup in China on Saturday. Croatian international striker Mario Mandzukic and Argentine Paulo Dybala, signed this summer for a reported 19 mill
Published 09 Aug, 2015 12:00am
Beaten Clarke pleads for patience

Beaten Clarke pleads for patience

Australia captain Michael Clarke pleaded for patience ahead of what could be a period of major team rebuilding following his side's tame surrender of the Ashes at Trent Bridge on Saturday. England's innings and 78-run victory in the fourth Test in Notting
Published 09 Aug, 2015 12:00am
Vibrant England find perfect blend to win Ashes

Vibrant England find perfect blend to win Ashes

England's comprehensive Ashes victory over Australia was built on a purposeful and well-drilled team that combined the perfect blend of youth and experience. Series draws against West Indies and New Zealand showed glimpses of promise but also worrying inc
Published 09 Aug, 2015 12:00am
Former South Korean first lady fails to meet Kim Jong-Un

Former South Korean first lady fails to meet Kim Jong-Un

The widow of late South Korean president Kim Dae-Jung returned home Saturday from a rare trip to North Korea but her hoped-for meeting with leader Kim Jong-Un failed to come off. Lee Hee-Ho's four-day visit was ostensibly humanitarian but there had been m
Published 09 Aug, 2015 12:00am
Bangladesh vows to 'hunt down' secular blogger's killers

Bangladesh vows to 'hunt down' secular blogger's killers

Dhaka vowed Saturday to hunt down the killers of secular blogger Niloy Chakrabarti who became the fourth such writer to be murdered in Bangladesh by suspected Islamist militants this year. Home Minister Asaduzzaman Khan said the nation's intelligence agen
Published 09 Aug, 2015 12:00am
Pirates attack military base in Nigeria's delta, kill five

Pirates attack military base in Nigeria's delta, kill five

Suspected pirates travelling by speedboat killed four soldiers and a policeman and stole weapons in a raid on a military base in Nigeria's oil-rich southern delta region, the police and armed forces said on Saturday. The gunmen attacked the mixed military
Published 09 Aug, 2015 12:00am
Yemen pro-government forces launch Abyan offensive

Yemen pro-government forces launch Abyan offensive

Pro-government forces in Yemen strengthened by tanks newly supplied by a Saudi-led coalition launched an offensive Saturday to retake the rebel-held capital of Abyan province, military sources said. A two-pronged drive on the southern province's capital o
Published 09 Aug, 2015 12:00am
Pro-Kurdish party leader calls for steps to halt Turkey violence

Pro-Kurdish party leader calls for steps to halt Turkey violence

The leader of Turkey's pro-Kurdish HDP urged the militant Kurdistan Workers Party on Saturday to "remove its finger from the trigger" and said the government should launch talks to halt a surge in violence. The militant PKK announced it was stepping up at
Published 09 Aug, 2015 12:00am
US steps up efforts to meet Obama goal to close Guantanamo prison

US steps up efforts to meet Obama goal to close Guantanamo prison

The United States has secured commitments from a dozen countries to accept nearly half of the 52 Guantanamo prisoners already cleared for transfer, US officials said on Friday, as the Obama administration tries to accelerate efforts to close the military
Published 09 Aug, 2015 12:00am
Indian villagers kill five for 'witchcraft'

Indian villagers kill five for 'witchcraft'

Villagers in a rural part of eastern India have killed five women whom they accused of practising witchcraft, police said Saturday. Police in eastern Jharkhand state said a group of assailants dragged the women out of their huts and beat them to death at
Published 09 Aug, 2015 12:00am
Three dead as French train hits car at level crossing

Three dead as French train hits car at level crossing

Three people were killed late Friday when a regional train hit a car in northwestern France and dragged the burning vehicle several hundred metres down the track, officials said. The three victims were in the car "which seems to have stopped in the middle
Published 09 Aug, 2015 12:00am
Saudi foreign minister to visit Russia for Syria talks

Saudi foreign minister to visit Russia for Syria talks

Saudi Foreign Minister Adel al-Jubeir will visit Moscow on Tuesday to discuss Syria conflict and the Islamic State group with his Russian counterpart Sergei Lavrov, the Russian foreign ministry said Saturday. The two ministers last met in Qatar on August
Published 09 Aug, 2015 12:00am
Second arson death stirs Hamas call to confront Israel

Second arson death stirs Hamas call to confront Israel

The father of a Palestinian toddler killed when Jewish extremists firebombed their West Bank home died of his injuries Saturday, sparking Hamas calls for an "open confrontation" with Israel. The arson attack in the village of Duma led to angry Palestinian
Published 09 Aug, 2015 12:00am
Typhoon churns towards China after killing five in Taiwan

Typhoon churns towards China after killing five in Taiwan

Typhoon Soudelor moved towards China on Saturday, weaker but still packing a punch, after killing at least five people and leaving a trail of destruction in Taiwan. The typhoon ripped up trees and triggered landslides in Taiwan, and knocked out power to 1
Published 09 Aug, 2015 12:00am
Potential rifts, hard choices if US Congress rejects Iran deal

Potential rifts, hard choices if US Congress rejects Iran deal

If the US Congress votes down the nuclear deal with Iran, President Barack Obama could rapidly find himself facing many negative reverberations, including a painful predicament with China, current and former US officials said. China, one of six world powe
Published 09 Aug, 2015 12:00am
Cambodian governor caught over shooting after two years on the run

Cambodian governor caught over shooting after two years on the run

A fugitive Cambodian governor wanted for the shooting of three garment workers was arrested on Saturday after more than two years on the run, after the country's strongman leader Hun Sen broke his silence and called for his arrest. Chhouk Bandith shot and
Published 09 Aug, 2015 12:00am
Egypt, other countries interested in French Mistral warships

Egypt, other countries interested in French Mistral warships

About 10 countries, including Egypt, are interested in buying two French helicopter carriers whose planned sale to Russia has been cancelled due to the Ukraine crisis, a source familiar with the situation said. A second source, a French diplomatic source,
Published 09 Aug, 2015 12:00am
Iran advises citizens to avoid land travel to Turkey

Iran advises citizens to avoid land travel to Turkey

Iran issued an advisory warning its citizens Saturday to avoid land travel to neighbouring Turkey after an Iranian bus was attacked by gunmen. No one claimed responsibility for the attack but Turkish authorities blamed Kurdistan Workers' Party (PKK) milit
Published 09 Aug, 2015 12:00am
Iran's military chief comes out in support of nuclear deal

Iran's military chief comes out in support of nuclear deal

Iran's military chief and a close ally to the Supreme Leader expressed his support on Saturday for the country's nuclear deal with world powers, a key endorsement for the accord that faces strong opposition from hardliners. Conservative members of the Ira
Published 09 Aug, 2015 12:00am
Republicans pile on Trump as US presidential campaign stumbles

Republicans pile on Trump as US presidential campaign stumbles

Rival Republican presidential candidates piled on Donald Trump on Saturday for his caustic remarks about a female debate moderator, and the billionaire celebrity candidate backpedaled in an effort to keep his campaign from unraveling. Trump blasted Fox Ne
Published 09 Aug, 2015 12:00am
JuD demands ban on 'Phantom' film

JuD demands ban on 'Phantom' film

The Jamat-ud-Dawa (JuD) has scorned the upcoming Indian film, "Phantom" to be shown in Pakistani cinemas because it considers anti-Pakistani. Jamat ud Dawa chief Hafiz Muhammad Saeed has appealed to the Lahore High Court to ban the film. The Indian politi
Published 09 Aug, 2015 12:00am
Exchange of delegations to boost Pak-Iran relations: KP Governor

Exchange of delegations to boost Pak-Iran relations: KP Governor

Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmed Khan has said that Pakistan-Iran relations have historical perspective and the two countries have common traditions. He said that common bonds between Pakistan and Iran make their relationship special. This
Published 09 Aug, 2015 12:00am
Prices of essential kitchen items witness slight reduction

Prices of essential kitchen items witness slight reduction

The prices of the essential kitchen items have witnessed a slight reduction during last week as compared to preceding week, reveals a survey conducted by Business Recorder here on Saturday. The survey observed that the price of tomato had witnessed a redu
Published 09 Aug, 2015 12:00am
Altaf's speeches termed crime of utmost gravity

Altaf's speeches termed crime of utmost gravity

Lord Nazir Ahmed, a member of the British House of Lords, on Saturday lashed out at Muttahida Qaumi Movement (MQM) Chief Altaf Hussain, stating that Hussain's speeches could be termed "treason with Pakistan." Hussain has been in hot water for using threat
Published 09 Aug, 2015 12:00am
Pakistan CG, US varsity president discuss academic linkages

Pakistan CG, US varsity president discuss academic linkages

Pakistan's Consul General Faisal Niaz Tirmizi met Minnesota University President Eric Kaler to discuss the possibility of establishing and strengthening academic linkages with Pakistani universities. The University of Minnesota, with 62,000 students in fi
Published 09 Aug, 2015 12:00am
Sensitivity of Kashmir issue can't be ignored any more: Mirwaiz

Sensitivity of Kashmir issue can't be ignored any more: Mirwaiz

Describing the restoration of normal relationship between Pakistan and India beyond the realm of possibility, the Chairman APHC Mirwaiz Umar Farooq has said that the growing uncertainty in the security scenario of J&K, increase in human right violations a
Published 09 Aug, 2015 12:00am
UP couple claims Geeta is their daughter

UP couple claims Geeta is their daughter

A couple from a village in Uttar Pradesh's Pratapgarh district has claimed that the deaf and mute Indian girl stuck in Pakistan for about 14 years is their daughter. According to Anara Devi and her husband Ramraj Gautam of Thammohan village under Maheshga
Published 09 Aug, 2015 12:00am
India completing formalities to bring back Geeta: Swaraj

India completing formalities to bring back Geeta: Swaraj

Indian External Affairs Minister Sushma Swaraj said Saturday that India is completing all the necessary formalities to bring back an Indian woman stuck in Karachi. "We are completing the necessary formalities to bring Geeta back to India," the minister tw
Published 09 Aug, 2015 12:00am
Copter crash: Funeral prayers of martyrs offered

Copter crash: Funeral prayers of martyrs offered

Funeral prayers of martyrs of Mansehra helicopter crash was held at Chaklala, ISPR reported on Saturday. According to ISPR, the service chiefs on Saturday attended funeral prayers in Rawalpindi for those martyred in Thursday's helicopter crash near Manseh
Published 09 Aug, 2015 12:00am
India releases 16 Pakistani prisoners as goodwill gesture

India releases 16 Pakistani prisoners as goodwill gesture

Indian authorities on Saturday have handed over at least nine Pakistani fishermen and seven prisoners to Rangers at Wagha check post. According to a statement by the Indian Ministry of External Affairs, 16 Pakistani prisoners, whose nationality has been c
Published 09 Aug, 2015 12:00am
Nisar condoles with family of slain judge

Nisar condoles with family of slain judge

Interior Minister Chaudhry Nisar Ali Khan Saturday visited residence of late Additional Session Judge Tahir Khan Niazi for extending condolence with the bereaved family. The minister offered fateha for the departed soul and expressed his heartfelt sympath
Published 09 Aug, 2015 12:00am
592 qualify as rescuers from Emergency Services Academy

592 qualify as rescuers from Emergency Services Academy

The 18th passing out ceremony of 592 rescuers, including those from tehsils and districts of the Punjab, was held at the Emergency Services Academy on Saturday. The ceremony also drew in Founder of Rescue 1122 and Secretary General, Pakistan Red Crescent
Published 09 Aug, 2015 12:00am
Bullet train project dropped due to high financial cost: Saad

Bullet train project dropped due to high financial cost: Saad

Minister for Pakistan Railways Khawaja Saad Rafique has announced that the building of a bullet train project that would link Karachi and Peshawar has been dropped because it is too expensive and the passengers' turnout is too thin. Saad Rafique told a ga
Published 09 Aug, 2015 12:00am
Writing techniques: CECOS holds two-day research workshop

Writing techniques: CECOS holds two-day research workshop

A two-day continuing professional Development workshop on "How to sell Your Research Work' was organised by CECOS University for its faculty members and students. The workshop focused on the techniques on writing research paper and getting it published in
Published 09 Aug, 2015 12:00am
PIA's AC vans in bad shape

PIA's AC vans in bad shape

Pakistan Civil Aviation Authority (PCAA) has declared all Air Conditioned (AC) vans of Pakistan International Airline (PIA) at Islamabad airport misfit for operations; it was learnt here on Saturday. According to sources, the action was taken by PCAA afte
Published 09 Aug, 2015 12:00am
More crime cases registered in heavily-guarded Capital

More crime cases registered in heavily-guarded Capital

Dacoits and car lifters have made successful attempts in the different parts of heavily guarded federal Capital within one week, looting gold ornaments, cash, mobile phones and making their escape with five vehicles as well as motorbikes. According to dat
Published 09 Aug, 2015 12:00am
Cement sector records 4.19 percent domestic growth in July

Cement sector records 4.19 percent domestic growth in July

Cement sector showed Healthy domestic growth trend as it despatched 1.8 million tons to domestic markets during July 2015 as compared to 1.73 million tons during same month of last year showing an increase of 4.19 percent. Nevertheless, exports during Jul
Published 09 Aug, 2015 12:00am
Preparations for Independence Day gaining momentum in KP and Fata

Preparations for Independence Day gaining momentum in KP and Fata

The preparations to celebrate the Independence Day on August 14, in a befitting manner and with a pledge to work with zeal for strong and prosperous Pakistan, have reached at their peak in Khyber Pakhtunkhwa and tribal region. The walls in the provincial
Published 09 Aug, 2015 12:00am
LG announces new model of projector

LG announces new model of projector

LG Electronics (LG) announced its newest addition to the Minibeam Series of projectors, the Minibeam Nano (Model PV150G), LG's smallest, lightest and most affordable projector to date. As the world's leading manufacturer of LED projectors for seven straig
Published 09 Aug, 2015 12:00am
Ban on Qingqis rickshaws welcomed

Ban on Qingqis rickshaws welcomed

Various sections of the society supported the ban on plying Qingqis rickshaw by and large with a demand that poor, outdated and defected transport system which had paved the way for Qingqis should be given immediate attention to cater the need of commutin
Published 09 Aug, 2015 12:00am
Low gas pressure: SITE units stop Production

Low gas pressure: SITE units stop Production

Low gas pressure for the last two days has forced industrial units to stop their production as a result almost all industrial units operating on gas have been closed down in the Pakistan's largest industrial area, SITE. Shortage of natural gas with persis
Published 09 Aug, 2015 12:00am
Plan to hoist biggest national flag near Shahi Qila

Plan to hoist biggest national flag near Shahi Qila

The Parks and Horticulture Authority and the City District Government Lahore have planned to hoist Pakistan's biggest flag near Shahi Qila to mark the Independence Day celebrations. Authority sources told Business Recorder on Saturday that they had identi
Published 09 Aug, 2015 12:00am
Punjab Governor for promotion of professional ethics among lawyers

Punjab Governor for promotion of professional ethics among lawyers

Punjab Governor Malik Rafique Rajawana urged upon the lawyers to earn name in sacred profession and pay immense focus on the promotion of legal ethics especially among young lawyers. He was addressing to a ceremony of district bar association held here on
Published 09 Aug, 2015 12:00am
Scattered rains likely

Scattered rains likely

The Met Office has forecasted scattered rains for upper and central parts of the country during the coming week. It, however said the weak monsoon condition was expected to unleash hot and humid weather in the country in the next 3 days. However, it also
Published 09 Aug, 2015 12:00am
TEVTA launches 'Recognition of prior learning programme'

TEVTA launches 'Recognition of prior learning programme'

For the first time in the country's technical education history, the Punjab Technical Education and Vocational Training Authority (TEVTA) has launched "recognition of prior learning programme" to certify the skills of those already working in the market b
Published 09 Aug, 2015 12:00am
Key TTP commander among seven held at Qila Saifullah

Key TTP commander among seven held at Qila Saifullah

At least seven suspected terrorists including a key commander of banned outfit were arrested and explosive material was also recovered during search operation in Qila Abdullah here on Saturday. According to FC spokesmen, the operation was jointly conducte
Published 09 Aug, 2015 12:00am
Banking transactions: small traders to form unity platform against WHT

Banking transactions: small traders to form unity platform against WHT

Small traders are likely to end their differences and form a unity platform to start their protest afresh against 0.3 percent withholding tax on banking transactions and urged the Federal Finance Minister Ishaq Dar to resolve the continuing crisis without
Published 09 Aug, 2015 12:00am
FIA arrests two human smugglers

FIA arrests two human smugglers

A Federal Investigation Agency team has arrested two human smugglers in Gujranwala in a swoop following public complaints. Rana Qayyum and Rana Zahid, from Matta Virkan, in Gujranwala, on Saturday who were charged in connection with human trafficking, sen
Published 09 Aug, 2015 12:00am
Government urged to announce Trade Policy at the earliest

Government urged to announce Trade Policy at the earliest

The Pakistan Industrial and Traders Association Front has urged the government to announce the Trade Policy 2015-18 at the earliest so that the business people could prepare themselves to enhance their production to boost the country's exports, said Front
Published 09 Aug, 2015 12:00am
RAW spies to be tried in prison

RAW spies to be tried in prison

Three alleged Indian spies will be tried in jail Karachi according to a notification issued by the provincial home department Sindh. The home department notification has been received by the Anti-Terrorism Court (ATC). The three alleged Indian spies worki
Published 09 Aug, 2015 12:00am
Stressed loans to add $16 billion to Indian banks' capital needs

Stressed loans to add $16 billion to Indian banks' capital needs

Indian banks may need up to 1 trillion rupees ($15.7 billion) to manage the risks from their exposure to debt-stressed companies, Fitch's Indian unit said, on top of the tens of billions of dollars in capital they need to comply with global banking rules.
Published 09 Aug, 2015 12:00am
Electronic trading firm Virtu Financial makes inroads in China

Electronic trading firm Virtu Financial makes inroads in China

Electronic trading company Virtu Financial Inc on Wednesday announced an agreement with a major Chinese brokerage firm that has allowed it to begin making markets, providing two-sided quotes to help ease trading, in that country. Virtu, a global market ma
Published 09 Aug, 2015 12:00am
Canadian dollar's rout may be close to an end: strategists
Currency

Canadian dollar's rout may be close to an end: strategists

The Canadian dollar's rout is probably near an end, a Reuters poll of foreign exchange strategists showed, but with energy prices falling and the economy likely in recession, the path of least resistance is down. Canada's commodity-driven currency has los
Published 09 Aug, 2015 12:00am
Old Mutual's H1 profit boosted by African, funds units

Old Mutual's H1 profit boosted by African, funds units

Anglo-South African financial services group Old Mutual reported a 20 percent rise in first-half operating profits, beating forecasts thanks to a strong performance at its African, wealth and fund management units. The results are the last for outgoing Ch
Published 09 Aug, 2015 12:00am
Old Mutual's H1 profit boosted by African, funds units

Old Mutual's H1 profit boosted by African, funds units

Anglo-South African financial services group Old Mutual reported a 20 percent rise in first-half operating profits, beating forecasts thanks to a strong performance at its African, wealth and fund management units. The results are the last for outgoing Ch
Published 09 Aug, 2015 12:00am
Nigeria central bank acts to curb speculation and support naira
Currency

Nigeria central bank acts to curb speculation and support naira

Nigeria's central bank has directed commercial banks to pay for their dollar purchases 48 hours in advance, after banning them from accepting foreign currency cash deposits to curb dollar demand and stem illicit financial flows. Dealers said banks would s
Published 09 Aug, 2015 12:00am
Emerging FX rout to linger, volatility stymies carry trades
Currency

Emerging FX rout to linger, volatility stymies carry trades

Emerging market currencies are likely to set new lows in coming months as China scrambles to curb market volatility and the US moves ever closer to raising interest rates for the first time in nearly a decade, a Reuters poll showed. Latin America will pro
Published 09 Aug, 2015 12:00am
Brazil's real ends six-day slump; Petrobras sinks Bovespa
Currency

Brazil's real ends six-day slump; Petrobras sinks Bovespa

Brazilian financial markets swung widely on Friday as investors digested disappointing corporate results, central bank currency intervention, US labor data and political turbulence. The Brazilian real rose for the first time after a six-session slump that
Published 09 Aug, 2015 12:00am
Canadian dollar weaker after US jobs report keeps Fed on course
Currency

Canadian dollar weaker after US jobs report keeps Fed on course

The Canadian dollar weakened against its US counterpart on Friday as employment reports from both countries kept their divergent monetary policy paths on track. The loonie, as Canada's currency is colloquially known, has lost almost 10 percent of its valu
Published 09 Aug, 2015 12:00am
Tensions tend to increase ahead of talks

Tensions tend to increase ahead of talks

The Foreign Office has asked India to stop levelling accusations and provide evidence if it has about any Pakistani involved in terrorist incidents in the neighbouring country. According to a Business Recorder report, Foreign Office spokesperson Qazi Khal
Published 09 Aug, 2015 12:00am
Fed's forecasts for jobless rate look out of step with history

Fed's forecasts for jobless rate look out of step with history

Most Federal Reserve policymakers expect the US jobless rate will stop plunging and stabilize right around its long-term normal level, a risky forecast given that this apparently hasn't happened in at least a half century. Across decades of economic recor
Published 09 Aug, 2015 12:00am
'Judicial recusal'

'Judicial recusal'

The other day an Hon'ble Judge of the Supreme Court of Pakistan in some case made a statement to the effect: "Instead of recusing myself from the bench, I would resign and go straight to my home" (The News dated 30 July 2015)
Published 09 Aug, 2015 12:00am
Getting rid of spurious drugs

Getting rid of spurious drugs

Speaking at a seminar the other day Punjab Chief Minister's Advisor on Health, Khawaja Salman Rafique, said that new legislation is to be introduced soon to stop the manufacturing and sale of spurious and substandard medicines. Proposed amendments to the
Published 09 Aug, 2015 12:00am
'New' Suez Canal vs Metrobus, Motorways

'New' Suez Canal vs Metrobus, Motorways

That the event of unveiling of "new Suez Canal" by Egypt's President Abdel Fattah al-Sisi is news that can be aptly termed an oasis or an isolated area of vegetation in the desert of Sinai. Excitement of such description has been warranted by a highly ple
Published 09 Aug, 2015 12:00am
UAF congress to deliberate on modern seed act

UAF congress to deliberate on modern seed act

The University of Agriculture Faisalabad and Seed Association of Pakistan pledge to hold Pakistan Seed Congress at UAF shortly to deliberate on Modern Seed Act, seed regulations, seed policy, seed storage and handling issues among the researchers and stak
Published 09 Aug, 2015 12:00am
Car lifters' gang busted

Car lifters' gang busted

Anti Car Lifting Cell (ACLC) Police busted two-member car lifted gang, recovered arms and stolen vehicles here on Saturday. The ACLC police conducted operation in different areas of the metropolis during which two car lifters were arrested along with arms
Published 09 Aug, 2015 12:00am
PDMA praised for providing best flood relief activities

PDMA praised for providing best flood relief activities

Chief Relief Commissioner Punjab Nadeem Ashraf presided over a meeting regarding relief activities for flood affectees. He said that flow of water in rivers of the province was decreasing gradually. He said due to best strategy of PDMA, immediate evacuati
Published 09 Aug, 2015 12:00am
World powers want to 'retain' control over Karachi, claims JI chief

World powers want to 'retain' control over Karachi, claims JI chief

-Chief of Jamaat e Islami, Pakistan, Senator Sirajul Haq, has said that the world powers want to continue their hold on Karachi, the political and economic life line of the country- in line with their Great Game, and added that the politics of the port ci
Published 09 Aug, 2015 12:00am
Shahbaz for vigorous campaign against adulteration

Shahbaz for vigorous campaign against adulteration

Punjab Chief Minister Shahbaz Sharif presided over a high level meeting here on Saturday and directed to launch a vigorous campaign against adulteration in the province. The CM ordered to launch indiscriminate crackdown against those involved in preparing
Published 09 Aug, 2015 12:00am
Raids on seminaries: three held for possessing objectionable literature

Raids on seminaries: three held for possessing objectionable literature

Counter Terrorism Department (CTD) police have arrested three seminary leaders for holding objectionable literature in their institutions which was recovered during scrutiny here on Saturday. According to details, Counter Terrorism Department (CTD) police
Published 09 Aug, 2015 12:00am
Return of Bara TDPs begins tomorrow

Return of Bara TDPs begins tomorrow

The return of Temporarily Displaced Persons belonging to Malik Din Khel tribe of Bara, Khyber Agency, will begin on Monday. Radio Pakistan quoting sources of FATA Disaster Management Authority said that return of TDPs of Malik Din Khel tribe to their home
Published 09 Aug, 2015 12:00am
Sports event for empowering women held at Ibex Club

Sports event for empowering women held at Ibex Club

Office of the Public Affairs, United States Embassy Islamabad on Saturday organised a sports diplomacy event "Empowering Women through Sports" at the Ibex Club, Lake View Park to highlight the role of sports and active lifestyle in advancing the status of
Published 09 Aug, 2015 12:00am
Sports event for empowering women held at Ibex Club

Sports event for empowering women held at Ibex Club

Office of the Public Affairs, United States Embassy Islamabad on Saturday organised a sports diplomacy event "Empowering Women through Sports" at the Ibex Club, Lake View Park to highlight the role of sports and active lifestyle in advancing the status of
Published 09 Aug, 2015 12:00am
RAW links: ATC adjourns hearing till August 19

RAW links: ATC adjourns hearing till August 19

Anti-Terrorism Court (ATC) on Saturday has adjourned hearing of case regarding alleged links of Tahir Rehan, Junaid Khan and Imtiaz Hussain with Indian intelligence agency RAW until August 19. The police presented the alleged criminals before the ATC toda
Published 09 Aug, 2015 12:00am
VC Urdu University removed over corruption charges

VC Urdu University removed over corruption charges

Vice Chancellor of Federal Urdu University, Zafar Iqbal has been removed after corruption charges against him were proved. Zafar Iqbal was accused of serious charges of corruption. The federal government had appointed justice of former federal Shariat Cou
Published 09 Aug, 2015 12:00am
Extortionist awarded 11-year imprisonment

Extortionist awarded 11-year imprisonment

Special court of anti-terrorism court (ATC) on Saturday has sentenced an extortionist to 11 years in prison. A challan was submitted by Nawab Town Police Station's officer stating that the suspect Kamran demanded Rs 10 lac extortion money from Shaukat Ali
Published 09 Aug, 2015 12:00am
PTCL launches Charji EVO services in Peshawar

PTCL launches Charji EVO services in Peshawar

Pakistan Telecommunication Company Limited (PTCL) on Saturday launched its next generation Charji EVO wireless broadband services to Peshawar. Khyber Pakhtunkhwa Minister for Finance, Muzaffar Said Advocate formally opened the fastest EVO wireless service
Published 09 Aug, 2015 12:00am
No threat of flood at Kotri barrage: Taj Hyder

No threat of flood at Kotri barrage: Taj Hyder

General Secretary PPP Sindh, Senator Taj Hyder said that there is no threat of flood and it would be beneficial for Delta areas, when water would reach there. He was speaking on the occasion of his visit to review the flood situation at Kotri barrage near
Published 09 Aug, 2015 12:00am
'Iranian foreign minister to visit Pakistan, Turkey, Lebanon'

'Iranian foreign minister to visit Pakistan, Turkey, Lebanon'

Iran's Foreign Minister Mohammad Javad Zarif will embark on the second round of his tour of regional countries after a nuclear agreement reached between Iran and six world powers. Zarif will visit Turkey, Lebanon and Pakistan, Iranian Press TV reported. A
Published 09 Aug, 2015 12:00am
Japanese firms in Pakistan: envoy raises tax-related matters with Dar

Japanese firms in Pakistan: envoy raises tax-related matters with Dar

Japanese Ambassador, Hiroshi Inomata had a meeting with Finance Minister Senator Mohammad Ishaq Dar here Saturday. The Japanese envoy informed the Finance Minister about the visit of JICA team to Pakistan which would evaluate the progress on Energy Sector
Published 09 Aug, 2015 12:00am
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