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Print - 2015-08-23
Banco do Brasil raises loan exposure limits to large firms

Banco do Brasil raises loan exposure limits to large firms

Banco do Brasil SA on Wednesday raised its limits on loan exposure to the nation's largest firms, a sign that President Dilma Rousseff is again using state-controlled lenders to help stem the fallout from a deep recession. Brazil's No 1 bank by assets upp
Published 23 Aug, 2015 12:00am
Swisscom second quarter net income beats forecast
Currency

Swisscom second quarter net income beats forecast

Telecommunic-ations company Swisscom said on Wednesday that second-quarter net profit matched its results from a year earlier and raised its forecasts for the full year. Swisscom posted second-quarter profit of 433 million Swiss francs ($443.4 million), l
Published 23 Aug, 2015 12:00am
Swisscom second quarter net income beats forecast
Currency

Swisscom second quarter net income beats forecast

Telecommunic-ations company Swisscom said on Wednesday that second-quarter net profit matched its results from a year earlier and raised its forecasts for the full year. Swisscom posted second-quarter profit of 433 million Swiss francs ($443.4 million), l
Published 23 Aug, 2015 12:00am
High-frequency trading blurs bond futures, cash markets: NY Fed

High-frequency trading blurs bond futures, cash markets: NY Fed

The growing presence of high-frequency trading has essentially blurred the line between the US Treasuries futures and cash markets, according to a New York Federal Reserve blog released on Wednesday. High-frequency trading enable billions of dollars worth
Published 23 Aug, 2015 12:00am
India may waive retrospective MAT tax on foreign investors

India may waive retrospective MAT tax on foreign investors

India's finance ministry is likely to accept a proposal from a special panel to waive retrospective imposition of a controversial minimum alternate tax (MAT) on foreign portfolio investors, domestic media reported, citing government sources. Such a decisi
Published 23 Aug, 2015 12:00am
China to step up support for small firms, expand tax breaks

China to step up support for small firms, expand tax breaks

China will step up its support for small firms by expanding tax breaks, the cabinet said on Wednesday, the latest step to support the slowing economy and create more jobs. From October 1 until the end of 2017, small firms with annual revenues of 300,000 y
Published 23 Aug, 2015 12:00am
China to step up support for small firms, expand tax breaks

China to step up support for small firms, expand tax breaks

China will step up its support for small firms by expanding tax breaks, the cabinet said on Wednesday, the latest step to support the slowing economy and create more jobs. From October 1 until the end of 2017, small firms with annual revenues of 300,000 y
Published 23 Aug, 2015 12:00am
Singapore fund managers' assets hit $1.7 trillion in 2014

Singapore fund managers' assets hit $1.7 trillion in 2014

Fund managers in Singapore posted a 30 percent year-on-year increase in assets under management to S$2.4 trillion ($1.71 trillion) in 2014, with more than half of it sourced from the Asia-Pacific region, Singapore's central bank said. "The robust growth w
Published 23 Aug, 2015 12:00am
Singapore fund managers' assets hit $1.7 trillion in 2014

Singapore fund managers' assets hit $1.7 trillion in 2014

Fund managers in Singapore posted a 30 percent year-on-year increase in assets under management to S$2.4 trillion ($1.71 trillion) in 2014, with more than half of it sourced from the Asia-Pacific region, Singapore's central bank said. "The robust growth w
Published 23 Aug, 2015 12:00am
China concerns reduce emerging market appetite to record low
Currency

China concerns reduce emerging market appetite to record low

Investors have cut their exposure to emerging markets to record low levels and increasingly expect the United States to raise interest rates in September, a survey showed on Tuesday. The monthly Bank of America Merrill Lynch poll of 202 fund managers show
Published 23 Aug, 2015 12:00am
China concerns reduce emerging market appetite to record low
Currency

China concerns reduce emerging market appetite to record low

Investors have cut their exposure to emerging markets to record low levels and increasingly expect the United States to raise interest rates in September, a survey showed on Tuesday. The monthly Bank of America Merrill Lynch poll of 202 fund managers show
Published 23 Aug, 2015 12:00am
African currencies on back foot, naira steady
Currency

African currencies on back foot, naira steady

Most African currencies are seen softer next week, with Kenya's shilling eyeing a three-year low on end-month dollar demand and Ghana's cedi wilting in the face of appetite for greenbacks. Nigeria's naira is seen steady.
Published 23 Aug, 2015 12:00am
Hungary to convert remaining FX loans into forints
Currency

Hungary to convert remaining FX loans into forints

Hungary's government has decided after talks with local banks to convert outstanding foreign currency-denominated car and consumer loans worth about a billion euros into forints, the economy minister told a news conference. Prime Minister Viktor Orban's g
Published 23 Aug, 2015 12:00am
Yuan bearish bets at five-year high; Asia FX outlook worsens
Currency

Yuan bearish bets at five-year high; Asia FX outlook worsens

Bearish bets on the Chinese yuan hit their largest in more than five years after a surprise devaluation of the currency, while the outlook on emerging Asian currencies in the past two weeks deteriorated to its worst in years, a Reuters poll showed.
Published 23 Aug, 2015 12:00am
Speculators trim US dollar longs last week
Currency

Speculators trim US dollar longs last week

Speculators reduced bullish bets on the US dollar in the last week, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position fell to $32.26 billion in the week
Published 23 Aug, 2015 12:00am
South Africa seen hiking rates by 25 bps in November

South Africa seen hiking rates by 25 bps in November

South Africa's Reserve Bank will begin hiking interest rates again in November as long-term inflation risks threaten its comfort level, a Reuters poll showed. The median forecast from 24 economists predicted interest rates would rise 25 basis points to 6.
Published 23 Aug, 2015 12:00am
Peru's sol slips to nine-year low
Currency

Peru's sol slips to nine-year low

Peru's sol slipped 0.31 percent on Friday to end the trading session at its weakest level in more than nine years despite the central bank's sale of $270 million in the local spot market to support the currency. The sol's losses followed news of shrinking
Published 23 Aug, 2015 12:00am
Goldman braces for big demand for US government money market funds

Goldman braces for big demand for US government money market funds

Goldman Sachs Group Inc fund managers believe investors could pour $450 billion into money market funds that invest in US government debt in response to new rules for the short-term funds, an executive told Reuters. Goldman Sachs joins other asset managem
Published 23 Aug, 2015 12:00am
Goldman braces for big demand for US government money market funds

Goldman braces for big demand for US government money market funds

Goldman Sachs Group Inc fund managers believe investors could pour $450 billion into money market funds that invest in US government debt in response to new rules for the short-term funds, an executive told Reuters. Goldman Sachs joins other asset managem
Published 23 Aug, 2015 12:00am
Nigeria restructures bank loans to cash-strapped states

Nigeria restructures bank loans to cash-strapped states

Nigeria has restructured short-term commercial bank loans to its cash-strapped state governments into longer-term sovereign bonds as Africa's biggest economy seeks to reduce a growing backlog of domestic debt against a background of falling oil revenues.
Published 23 Aug, 2015 12:00am
Canadian dollar slides as oil prices, China cast pall
Currency

Canadian dollar slides as oil prices, China cast pall

The Canadian dollar flirted with multiyear lows against its US counterpart on Friday, dropping with oil prices as global risk sentiment sank following manufacturing data from China that signaled slowing economic growth in the world's biggest energy consum
Published 23 Aug, 2015 12:00am
Police arrest 100 suspected persons

Police arrest 100 suspected persons

Police in a crackdown arrested 100 suspected persons including illegal Afghan nationals in Regi and Karkhano area of Peshawar on Saturday. Police said that the search operation was launched in Mullazo area in outskirt of city. During search operation poli
Published 23 Aug, 2015 12:00am
High crime rate negates tall claims of Capital police

High crime rate negates tall claims of Capital police

The rapid increase in car thefts, robberies, dacoities, murders, dishonored cheques and other crimes in the federal Capital is negating the tall claims of police that crime rate has been restricted. According to data gathered by Business Recorder,
Published 23 Aug, 2015 12:00am
Under-graduate courses: UAF extends submission date

Under-graduate courses: UAF extends submission date

The University of Agriculture Faisalabad (UAF) has extended the date for submission of proper application form (s) for admission to under-graduate courses, intermediate (pre-ariculture), Associate degree programme up to August 27, 2015. According to new s
Published 23 Aug, 2015 12:00am
Certificates distributed: 'work on draft labour policy continuing'

Certificates distributed: 'work on draft labour policy continuing'

Provincial Minister for Women Development Hameeda Waheed-ud-Din has said that domestic workers are playing an important role in strengthening the economy and development of the country. She said this while addressing certificates distribution ceremony amo
Published 23 Aug, 2015 12:00am
Three tribesmen killed in Bajaur agency blast

Three tribesmen killed in Bajaur agency blast

At least three people including two tribal elders were killed and two others injured on Saturday in an improvised explosive device (IED) blast in the Arang area of Bajaur agency. According to security sources, tribal elders Malik Dawakhan and Haji Kareem
Published 23 Aug, 2015 12:00am
Boxing academy in Islamabad: British HC supports Amir Khan's plan

Boxing academy in Islamabad: British HC supports Amir Khan's plan

The British High Commissioner to Pakistan, Philip Barton CMG OBE on Saturday met the British Pakistani boxing champion Amir Khan. Khan, two time world champion and the current WBC Silver Welterweight champion, is currently visiting Pakistan to seek suppor
Published 23 Aug, 2015 12:00am
Power, gas issues: KP chief minister assures tobacco growers of help

Power, gas issues: KP chief minister assures tobacco growers of help

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has assured that the problems of tobacco growers will be seriously taken up at the highest level so that it is resolved at the earliest. Talking to a representative delegation of District Swabi, led by Spea
Published 23 Aug, 2015 12:00am
Four terrorists of banned outfit detained

Four terrorists of banned outfit detained

Four terrorists belonging to a defunct organization were arrested during a crackdown of police and sensitive agencies here on Saturday. The police and sensitive agencies personnel responding to an intelligence report conducted joint operation in Glottiyan
Published 23 Aug, 2015 12:00am
Two killed, FC man injured in Hangu firing

Two killed, FC man injured in Hangu firing

At least two persons were killed while a Frontier Corps (FC) man injured in firing of unidentified armed men here on Saturday. Police said that unknown miscreants attacked the resident of a spiritual healer name Hayat Ali Qalandar in Gunjano Kaley area of
Published 23 Aug, 2015 12:00am
Dar briefed about efforts to improve PIA services

Dar briefed about efforts to improve PIA services

Finance Minister Ishaq Dar briefed about efforts being undertaken to improve passenger and cargo services of Pakistan International Airlines (PIA) here on Saturday. Advisor to Prime Minister on Aviation, Shujaat Azeem and Secretary Aviation, Muhammad Ali
Published 23 Aug, 2015 12:00am
EFU Life, Askari Bank sign Bancatakaful Distribution Agreement

EFU Life, Askari Bank sign Bancatakaful Distribution Agreement

EFU Life Assurance Ltd and Askari Bank Ltd - Islamic Banking Services have entered into a distribution alliance for EFU Life's Window Family Takaful Products under a dedicated brand "Hemayah". The signing ceremony was held at Askari Bank Ltd - Islamic ban
Published 23 Aug, 2015 12:00am
Sacrificial animals start arriving in Karachi

Sacrificial animals start arriving in Karachi

Sacrificial animals have started arriving in the provincial capital and are being paraded here and there to attract the customers although Eid-ul-Azha is around a month away. Only a limited number of animals, mainly cow, goats and sheep, have arrived in t
Published 23 Aug, 2015 12:00am
DG Rangers, Additional IGP visit CPLC's CRC

DG Rangers, Additional IGP visit CPLC's CRC

Major General Bilal Akbar, Director General Rangers and Mushtaq Mehar, Additional Inspector General of Police, Sindh visited CPLC - Sindh Central Reporting Cell, Sindh Governor's Secretariat, Karachi on Saturday at 11.30 am. They were received by the Chie
Published 23 Aug, 2015 12:00am
Godil's condition improving: LNH spokesman

Godil's condition improving: LNH spokesman

Liaquat National Hospital Spokesman has said that the Muttahida Qaumi Movement leader Rashid Godil's condition is getting better with each passing moment. Talking to media, the hospital spokesperson Anjum Rizvi said that the decision of shifting Rashid Go
Published 23 Aug, 2015 12:00am
Bilawal to lead campaign during LB polls: Ghani

Bilawal to lead campaign during LB polls: Ghani

PPP Senator Saeed Ghani said that the corruption was global phenomenon and it also existed every where alike the Sindh province and other provinces but at small scale and not large scale as its perception was being developed. He said this while addressing
Published 23 Aug, 2015 12:00am
7th death anniversary of POF Shuhadas observed

7th death anniversary of POF Shuhadas observed

The seventh death anniversary of POF Shuhadas was observed in Wah Cantt with dignity and honour. On 21st August 2008, 70 POF employees embraced martyrdom and 196 injured in two suicidal attack at POF gates. In order to pay tribute to these Shuhadas, this
Published 23 Aug, 2015 12:00am
Two Levies' men injured in fire

Two Levies' men injured in fire

Two Levies men were injured in an exchange of fire with militants here on Saturday. Official sources said that the Levies men conducted operation against outlaws in district Panjgur. The militants taking shelter in the area started fire injured two Levies
Published 23 Aug, 2015 12:00am
Navy's flood relief operation 'MADAD' in full swing

Navy's flood relief operation 'MADAD' in full swing

Pakistan Navy flood Relief and Rescue operation "MADAD" continues to help flood stricken people of Sujawal, Chuhar Jamali and Shah Bandar after providing support at Sukkur, Khairpur, Pano Aqil, Larkana, Badin and Nawabshah, says in a press release issued
Published 23 Aug, 2015 12:00am
Shah demands fuel prices be reduced by Rs 15

Shah demands fuel prices be reduced by Rs 15

Leader of the opposition in the National Assembly, Syed Khursheed Shah said on Saturday that in light of falling oil prices in the international market, fuel prices in the local market should also be reduced by Rs 12-15 per liter. Speaking to journalists
Published 23 Aug, 2015 12:00am
SUP protests against alleged corruption in Sindh

SUP protests against alleged corruption in Sindh

Sindh United Party (SUP) took out the protest rally against alleged rampant corruption in the Sindh province during tenure of seven years of PPP-led government which ruined the province. The protest rally was taken out from Nasim Nangar and ended at Gul C
Published 23 Aug, 2015 12:00am
Prices of essential kitchen items witness sharp increase

Prices of essential kitchen items witness sharp increase

The prices of the essential kitchen items have witnessed a sharp increase during past week as compared to preceding week, reveals a survey conducted by Business Recorder here on Saturday. The survey observed that the price of tomatoes witnessed an
Published 23 Aug, 2015 12:00am
Air Chief meets first ever PAF trekking expedition team

Air Chief meets first ever PAF trekking expedition team

Air Chief Marshal Sohail Aman, Chief of the Air Staff, Pakistan Air Force met the first ever PAF trekking expedition team which crossed the Baltoro glacier to reach the base camp of K-2 mountain. The Air Chief lauded their efforts in highlighting the posi
Published 23 Aug, 2015 12:00am
Cartoon Network Enterprises to be licensing representatives for WBCP

Cartoon Network Enterprises to be licensing representatives for WBCP

Warner Bros Consumer Products (WBCP) and Turner Broadcasting System Asia Pacific, Inc on Thursday announced their agreement under which Turner's Cartoon Network Enterprises (CNE, licensing and merchandising division) is appointed as the consumer products
Published 23 Aug, 2015 12:00am
GSP Plus Desk: FPCCI appoints Gulzar Firoz as advisor

GSP Plus Desk: FPCCI appoints Gulzar Firoz as advisor

FPCCI President Mian Muhammad Adrees has appointed Gulzar Firoz as Advisor on GSP Plus Desk of FPCCI for the year 2015. Gulzar Firoz is the Chairman of Standing Committee on Environment of FPCCI. He is former vice president of FPCCI, ex-chairman of PTA an
Published 23 Aug, 2015 12:00am
Wardag urges government to launch operation against terrorists in Punjab

Wardag urges government to launch operation against terrorists in Punjab

Tehreek-e-Istiqlal Central President Rahmat Khan Wardag has said that the federal government like in other provinces should initiate operation against terrorists in Punjab, and take measures to stop funding to terrorists from foreign countries aimed to es
Published 23 Aug, 2015 12:00am
Rangers arrest 23 suspects

Rangers arrest 23 suspects

Rangers arrested 23 criminals on Saturday during various raids in different parts of the city. According to the reports, Rangers personnel raided at the hideouts of criminal elements in FB area, Data Lawn, Korangi and Lyari areas. "During various raids Ra
Published 23 Aug, 2015 12:00am
Intel's new products highlighted

Intel's new products highlighted

In the opening address at the Intel Developer Forum (IDF), CEO Brian Krzanich highlighted new products, tools and programmes that support the growing personalization of computing and described the trends creating new opportunities for developers across an
Published 23 Aug, 2015 12:00am
China's traffic police on alert after chemical blasts

China's traffic police on alert after chemical blasts

Chinese traffic police are on high alert nationwide for dangerous chemicals, ten days after a warehouse exploded in the country's northeast, state media said on Saturday. Two huge blasts in the warehouse storing dangerous chemicals in Tianjin, the world's
Published 23 Aug, 2015 12:00am
'First Lady' of Cambodia's Khmer Rouge dies at 83

'First Lady' of Cambodia's Khmer Rouge dies at 83

The former "first lady" of Cambodia's murderous Khmer Rouge regime died Saturday, according to a UN-backed tribunal, without victims ever seeing her face trial on charges of genocide and crimes against humanity. Ieng Thirith, a French-educated revolutiona
Published 23 Aug, 2015 12:00am
Thai police investigating CCTV showing second suspicious bag drop

Thai police investigating CCTV showing second suspicious bag drop

Thai police on Saturday said they were investigating new security camera footage showing a man dropping a package into a canal as the hunt for those behind Monday's deadly Bangkok bomb blast entered its fifth day without arrests. CCTV video widely circula
Published 23 Aug, 2015 12:00am
Syrian woman gets Mackler 'courageous journalism' award

Syrian woman gets Mackler 'courageous journalism' award

A Syrian-based journalist who has trained citizen reporters in the war-ravaged country has been named the recipient of the 2015 Peter Mackler Award for Courageous and Ethical Journalism, organizers said Saturday. The prize from Reporters Without Borders a
Published 23 Aug, 2015 12:00am
Russian PM visits disputed Kuril islands, triggering Japan protest

Russian PM visits disputed Kuril islands, triggering Japan protest

Russian Prime Minister Dmitry Medvedev landed Saturday in the Kuril islands, prompting a swift rebuke from Tokyo, which claims sovereignty over the northwest Pacific archipelago in a long-running dispute. Medvedev visited Iturup, one of four islands in th
Published 23 Aug, 2015 12:00am
Iran shoots down suspected spy drone near Iraq border

Iran shoots down suspected spy drone near Iraq border

Iran's military shot down a suspected reconnaissance drone in a province on its western border with Iraq, a military official said Saturday. "A while ago, an unknown drone entered the area and was identified by our monitoring systems," Farzad Fereydouni,
Published 23 Aug, 2015 12:00am
Iran says partisanship damaging US foreign policy

Iran says partisanship damaging US foreign policy

The fevered partisanship of US politics is damaging the country's foreign policy, Iran said Saturday, hitting out at threats of military action against it should nuclear diplomacy ultimately fail. The comments in Tehran came after US President Barack Obam
Published 23 Aug, 2015 12:00am
Turkish soldier killed, ruling party HQ attacked in new PKK violence

Turkish soldier killed, ruling party HQ attacked in new PKK violence

A soldier was killed in southeastern Turkey and a regional headquarters of the country's ruling party hit by a bomb attack, in new violence blamed on Kurdish militants, the army and sources said Saturday. The soldier, a captain, was killed in a rocket and
Published 23 Aug, 2015 12:00am
UN pushes 'long term peace' under new Sri Lanka government

UN pushes 'long term peace' under new Sri Lanka government

UN chief Ban Ki-moon has urged Sri Lanka's new government to ensure "long term peace" as Prime Minister Ranil Wickremesinghe was set to form a coalition committed to ethnic reconciliation. "The secretary-general encouraged the prime minister and the natio
Published 23 Aug, 2015 12:00am
Seven killed as jet crashes into cars at UK airshow

Seven killed as jet crashes into cars at UK airshow

A jet aircraft ploughed into several cars on a road near an airshow in southern England on Saturday, killing seven people, police said. The Hawker Hunter fighter jet crashed onto the A27 road, close to an airport in Shoreham where the airshow was taking p
Published 23 Aug, 2015 12:00am
Belgium calls on neighbours for more security on cross-border trains

Belgium calls on neighbours for more security on cross-border trains

Belgium's prime minister called on Saturday for urgent talks with France, Germany and the Netherlands to seek more security measures on cross-border trains, after a gunman was wrestled to the ground by passengers. Two people were wounded in the struggle o
Published 23 Aug, 2015 12:00am
Chaos at Macedonia border as refugees tear through police lines

Chaos at Macedonia border as refugees tear through police lines

Thousands of rain-soaked migrants stormed across Macedonia's border on Saturday as police lobbed stun grenades and beat them with batons, struggling to enforce a decree to stem their flow through the Balkans to western Europe. Security forces managed to c
Published 23 Aug, 2015 12:00am
Two UN peacekeepers seriously injured in Mali mine blast

Two UN peacekeepers seriously injured in Mali mine blast

Two United Nations peacekeepers were seriously injured Saturday when their vehicle triggered a landmine in northern Mali. MINUSMA, the UN's peacekeeping mission in the volatile west African nation, said the vehicle, part of a logistics convoy, hit the exp
Published 23 Aug, 2015 12:00am
Gunman slays guard at NYC federal building, kills himself

Gunman slays guard at NYC federal building, kills himself

A gunman shot and killed a security guard at a federal building in Lower Manhattan on Friday before killing himself, and investigators are seeking a motive, police said. The suspect entered the building just after 5 pm (2100 GMT) and immediately shot the
Published 23 Aug, 2015 12:00am
Thai junta eyes crisis panel to seize back powers in future

Thai junta eyes crisis panel to seize back powers in future

Thailand's junta is seeking sweeping emergency powers to "prevent or suppress" future unrest in a constitution published Saturday, billed by its drafters as a route out of the kingdom's political crisis but condemned by critics as undemocratic. The draft
Published 23 Aug, 2015 12:00am
Syria regime attacks kill 20 civilians near Damascus

Syria regime attacks kill 20 civilians near Damascus

Shelling and air raids by Syrian government forces killed at least 20 civilians and wounded or trapped 200 on Saturday in rebel-held Douma east of Damascus, a monitoring group said. The latest deaths came just six days after regime air strikes killed more
Published 23 Aug, 2015 12:00am
14 Somali soldiers killed in Shebab suicide attack

14 Somali soldiers killed in Shebab suicide attack

At least 14 Somali soldiers were killed and more than 20 others wounded Saturday in suicide attack by Shebab rebels in southern Somalia, officials and witnesses said. The attack occurred inside a former university building on the outskirts of Kismayo, whe
Published 23 Aug, 2015 12:00am
Hurricane Danny causes tropical storm watch across Caribbean

Hurricane Danny causes tropical storm watch across Caribbean

Hurricane Danny was barreling towards the Leeward Islands Saturday causing a tropical storm watch across a handful of popular Caribbean destinations, forecasters said. However, the storm is "expected to weaken below hurricane strength" late Sunday or earl
Published 23 Aug, 2015 12:00am
Trump holds large rally in Alabama

Trump holds large rally in Alabama

Donald Trump told a rally at an Alabama football stadium on Friday that he would crack down on illegal immigration if elected president, a familiar theme for the real estate mogul as he seeks the Republican nomination. Trump, who has rocketed to the top o
Published 23 Aug, 2015 12:00am
Russia expands shelf in Sea of Okhotsk by 50,000 sq km: PM

Russia expands shelf in Sea of Okhotsk by 50,000 sq km: PM

The Russian government on Saturday published a decree expanding its continental shelf in the Sea of Okhotsk, putting into law last year's UN decision to grant the territory to Moscow. The move was agreed with the UN Commission on the Limits of the Contine
Published 23 Aug, 2015 12:00am
Egypt's Muslim Brotherhood chief gets new life term

Egypt's Muslim Brotherhood chief gets new life term

Egypt's Muslim Brotherhood leader Mohamed Badie, who has been sentenced to death, was handed another life term in prison Saturday for an attack on a police station. A criminal court sentenced Badie, the Islamist movement's spiritual leader, over the attac
Published 23 Aug, 2015 12:00am
Island nations say climate talks failure not an option

Island nations say climate talks failure not an option

Two of the world's most vulnerable low-lying island nations, Kiribati and Tuvalu, have said failure at upcoming climate talks in Paris is not an option as rising sea levels threaten their very existence. The Pacific island nations say they have been force
Published 23 Aug, 2015 12:00am
PCAA to uplift navigation infrastructure, airports

PCAA to uplift navigation infrastructure, airports

Pakistan Civil Aviation Authority (PCAA) has embarked upon a plan to uplift air navigation infrastructure and airports for safe and efficient operations of aircraft in pursuant of the New Aviation Policy 2015. It also involves the up-gradation of Instrume
Published 23 Aug, 2015 12:00am
Punjab to computerise urban land record

Punjab to computerise urban land record

The Urban Unit, urban sector policy & management unit of the provincial government, has planned to carry out computerization of urban land record in selective districts of the province to ensure better functioning of land and housing markets. The Governme
Published 23 Aug, 2015 12:00am
PSQCA launches action against unregistered firms

PSQCA launches action against unregistered firms

Pakistan Standard and Quality Control Authority (PSQCA) Faisalabad Region has launched a massive crackdown against unregistered companies involved in manufacturing and marketing of sub-standard food items. Zaka Ullah Khan Assistant Director In-Charge Fais
Published 23 Aug, 2015 12:00am
Performance of ATC judges reviewed, evaluated

Performance of ATC judges reviewed, evaluated

Administrative Judge, Anti-Terrorism Courts in Punjab Justice Mehmood Maqbool Bajwa, of Lahore High Court on Saturday chaired a meeting to review and evaluate the performance of the judges of Anti-Terrorism Courts (ATC), Prosecution, Police and Home Depar
Published 23 Aug, 2015 12:00am
'India sabotaged talks once again'

'India sabotaged talks once again'

Acting Ameer of the Jamaat-e-Islami, Pakistan, Liaqat Baloch has said India has sabotaged the Pak-India talks once again. In a statement here on Saturday, he said Pakistan government's stance regarding the talks was in accordance with the sentiments of th
Published 23 Aug, 2015 12:00am
LCCI demands further cut in POL prices

LCCI demands further cut in POL prices

The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to pass on the benefit of crude oil price reduction in the international market to the trade, industry, agriculture sector and the masses. Senior Vice President of the LCCI, Mian
Published 23 Aug, 2015 12:00am
Self-Employment Scheme: deserving persons get loans' cheques

Self-Employment Scheme: deserving persons get loans' cheques

A ceremony of interest-free loans was arranged in collaboration with the Akuwat and Punjab Small Industries Corporation under Chief Minister Punjab Self-Employment Scheme at Masjid Hazrat Baba Shah Jamal in which cheques of loans for one to two lakh rupee
Published 23 Aug, 2015 12:00am
Fraud case: IHC registrar tells petitioner to attach NAB reference

Fraud case: IHC registrar tells petitioner to attach NAB reference

Islamabad High Court (IHC) Registrar Office raised an objection on the petition filed by ex-media advisor to the former prime minister Yousaf Raza Gillani, who has approached the IHC for giving relaxation in three years old fraud case. Mian Khurram Rasool
Published 23 Aug, 2015 12:00am
Farah makes history in Beijing

Farah makes history in Beijing

Mo Farah etched his name in the pantheon of middle distance running greats and put a tough season opening behind him Saturday when he defended his 10,000m title at the world championships in Beijing. The Briton's victory was his sixth consecutive global t
Published 23 Aug, 2015 12:00am
Australia end Cook's lengthy vigil

Australia end Cook's lengthy vigil

Australia captain-elect Steven Smith ended England skipper Alastair Cook's marathon resistance as the tourists eyed a consolation win in the fifth and final Ashes Test at The Oval on Saturday. At stumps on the third day, England, following-on, were 203 fo
Published 23 Aug, 2015 12:00am
Top seeds Djokovic, Federer reach Cincy semi-finals

Top seeds Djokovic, Federer reach Cincy semi-finals

World number one Novak Djokovic brushed aside Switzerland's Stan Wawrinka in straight sets to advance to the semi-finals of the ATP and WTA Cincinnati Masters Friday. The top-seeded Serb breezed past Wawrinka with little difficulty in just over an hour, w
Published 23 Aug, 2015 12:00am
Sri Lanka's Thirimanne fined for dissent

Sri Lanka's Thirimanne fined for dissent

Sri Lankan batsman Lahiru Thirimanne was on Saturday fined 30 percent of his match fees for showing dissent after being given out in the second Test against India in Colombo. The left-hander, who made 62, stood his ground for a "prolonged period of time b
Published 23 Aug, 2015 12:00am
India take charge after Mathews's century

India take charge after Mathews's century

Sri Lankan captain Angelo Mathews hit a century before India fought back to assume control of the second Test at the P. Sara Oval in Colombo on Saturday. The tourists, seeking a series-levelling win after losing the first Test in Galle, ended Sri Lanka's
Published 23 Aug, 2015 12:00am
Ex-FIFA official Leoz 'under investigation'

Ex-FIFA official Leoz 'under investigation'

Swiss investigators are probing Nicolas Leoz, a veteran FIFA official in South America, in their widening inquiry into alleged corruption in world football, a Swiss newspaper said on Saturday. Leoz, an 86-year-old Paraguayan, headed the regional football
Published 23 Aug, 2015 12:00am
First win for Bournemouth, United held by Newcastle

First win for Bournemouth, United held by Newcastle

Promoted Bournemouth announced their arrival in the top flight with a bang after Callum Wilson's hat-trick sealed their first-ever Premier League victory in a 4-3 success at West Ham United on Saturday. The south coast side, who lost their two opening gam
Published 23 Aug, 2015 12:00am
Azhar's captaincy improving with every game: Malik

Azhar's captaincy improving with every game: Malik

All-rounder Shoaib Malik believes Azhar Ali has shown great improvements as captain from Zimbabwe to Sri Lanka series saying the right-handed batsman's captaincy is improving with every game he plays. Malik said "we should be a role model for our youngste
Published 23 Aug, 2015 12:00am
The TAPI prospects

The TAPI prospects

This is apropos "Work on TAPI project to begin on December 25: Khaqan" carried by Business Recorder yesterday. It has been reported that Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has stated that work on Turkmenistan-
Published 23 Aug, 2015 12:00am
The Yemen conflict

The Yemen conflict

Adama Dieng, UN Special Advisor on the Prevention of Genocide, and Jennifer Welsh, UN Special Advisor on the Responsibility to Protect According to the latest United Nations estimate, at least 1,916 civilians have been killed in Yemen since 26th March 201
Published 23 Aug, 2015 12:00am
Big Food's natural brand acquisitions prosper best when left alone

Big Food's natural brand acquisitions prosper best when left alone

When Hormel Foods Corp, maker of Spam canned meat, said it was buying Applegate Farms in May, fans of the organic and natural meat company lamented its takeover by Big Food on social media and questioned whether product quality would go down. Even though
Published 23 Aug, 2015 12:00am
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