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Print - 2015-09-24
Myanmar inaugurates $1.5 billion economic zone

Myanmar inaugurates $1.5 billion economic zone

Myanmar's vice president opened on Wednesday a $1.5 billion manufacturing complex aimed at luring investment and creating jobs, showcasing government work on developing the economy in the run-up to a general election. Vice President Nyan Tun, a close ally
Published 24 Sep, 2015 12:00am
Brazil loan defaults stay near highest in almost two years

Brazil loan defaults stay near highest in almost two years

Bank loans delinquent for at least 90 days in Brazil remained in August at their highest in almost two years, the central bank said on Wednesday, as a widespread downturn and rising borrowing costs kept companies and consumers from staying current on thei
Published 24 Sep, 2015 12:00am
Volkswagen chief quits as cheating scandal snowballs

Volkswagen chief quits as cheating scandal snowballs

Volkswagen chief executive Martin Winterkorn resigned Wednesday over a pollution cheating scandal that has sparked a US criminal investigation and worldwide legal action with unfathomable financial consequences for the auto giant. "I am shocked by the eve
Published 24 Sep, 2015 12:00am
Glencore's Zambian mine aims to slash 3,800 jobs

Glencore's Zambian mine aims to slash 3,800 jobs

Swiss mining giant Glencore, hard hit by collapsing commodity prices, has notified the Zambian government that its Mopani copper mine will lay off nearly 3,800 workers, the labour minister said Wednesday. Glencore subsidiary Mopani Copper Mines cited low
Published 24 Sep, 2015 12:00am
No need to change RWE's strategy: CEO

No need to change RWE's strategy: CEO

RWE sees no reason to change the ailing utility's strategy, its chief executive said on Wednesday, despite a massive plunge in the group's shares in recent weeks. Shares in RWE have fallen more than 40 percent since mid-August, hit by concerns over billin
Published 24 Sep, 2015 12:00am
Tanzania aims to open capital markets further in December

Tanzania aims to open capital markets further in December

Tanzania expects to open its capital markets further in December by letting foreigners from outside east Africa invest in Treasury bills and other debt, a senior central bank official said on Tuesday. Tanzania has been easing restrictions on its capital m
Published 24 Sep, 2015 12:00am
Draghi says too early to decide on further stimulus

Draghi says too early to decide on further stimulus

Risks to Europe's inflation and growth outlook have increased due to the emerging market slowdown but the European Central Bank needs more time before deciding on further stimulus, ECB President Mario Draghi said on Wednesday. Draghi said price growth wil
Published 24 Sep, 2015 12:00am
IMF trims Madagascar's 2015 GDP growth forecast

IMF trims Madagascar's 2015 GDP growth forecast

Madagascar's economy is expected to grow by 3.2 percent in 2015, the International Monetary Fund said, slower than its previous 3.5 percent forecast as falling commodity prices, slowing tourism sector and power cuts hurt output. The IMF and international
Published 24 Sep, 2015 12:00am
IMF trims Madagascar's 2015 GDP growth forecast

IMF trims Madagascar's 2015 GDP growth forecast

Madagascar's economy is expected to grow by 3.2 percent in 2015, the International Monetary Fund said, slower than its previous 3.5 percent forecast as falling commodity prices, slowing tourism sector and power cuts hurt output. The IMF and international
Published 24 Sep, 2015 12:00am
Groupon slashing 1,100 jobs in new retrenchment

Groupon slashing 1,100 jobs in new retrenchment

Online deals giant Groupon said Tuesday it was cutting some 1,100 jobs over the coming months in another sign of cooling in the once-hot sector. Groupon also said it would be ending operations in several markets around the world including Morocco, Panama,
Published 24 Sep, 2015 12:00am
Thailand plans measures to help property sector

Thailand plans measures to help property sector

Thailand expects to finalise measures in two weeks to help the property sector, the finance minister said on Wednesday, as the government seeks to help developers facing sluggish sales as economic growth falters. Southeast Asia's second-largest economy is
Published 24 Sep, 2015 12:00am
Croatia hopes bank will comply with CHF loan plan

Croatia hopes bank will comply with CHF loan plan

Croatia hopes local banks will not start a confrontation over the planned conversion of Swiss franc-denominated loans because that would not help the lenders, Finance Minister Boris Lalovac told Reuters on Wednesday. Croatia adopted a law last week enforc
Published 24 Sep, 2015 12:00am
Colombia to give land to farmers who stop growing coca

Colombia to give land to farmers who stop growing coca

Colombia, the world's top cocaine producer, will give land to farmers who stop growing coca, the raw ingredient for the drug, President Juan Manuel Santos said Tuesday. Santos made the announcement as he presented his new anti-drug policy in a speech on n
Published 24 Sep, 2015 12:00am
Gambia's economy faces serious risks: IMF

Gambia's economy faces serious risks: IMF

Gambia's economy faces serious risks from a worsening budget, rising inflation and tight interest rates, the International Monetary Fund warned on Monday. In an annual review of the tiny West African country's economy, the IMF, which lent Gambia $10.8 mil
Published 24 Sep, 2015 12:00am
Gambia's economy faces serious risks: IMF

Gambia's economy faces serious risks: IMF

Gambia's economy faces serious risks from a worsening budget, rising inflation and tight interest rates, the International Monetary Fund warned on Monday. In an annual review of the tiny West African country's economy, the IMF, which lent Gambia $10.8 mil
Published 24 Sep, 2015 12:00am
Novo Nordisk to build manufacturing plant in Iran

Novo Nordisk to build manufacturing plant in Iran

The world's top insulin maker, Novo Nordisk, said on Tuesday it would build a 70 million euro ($78 million) facility in Iran, signalling its "long-term commitment" to the country. "We are happy to commit to this manufacturing facility in Iran," Ole Moelsk
Published 24 Sep, 2015 12:00am
Iran's economy stagnates as shoppers wait for foreign brands

Iran's economy stagnates as shoppers wait for foreign brands

Two months after Iran reached a nuclear deal that will open its markets to the world, officials are warning of economic stagnation as consumers hold off on purchases of domestic goods while they wait for international brands to arrive. From cars to fridge
Published 24 Sep, 2015 12:00am
Sri Lankan stocks little changed

Sri Lankan stocks little changed

Sri Lankan shares ended little changed on Wednesday ahead of the central bank's policy rate decision on Friday. The main stock index closed near its more than two-month closing low hit on Monday, down 0.05 percent at 7,114.83. The central bank's monetary
Published 24 Sep, 2015 12:00am
Volkswagen stock shock recalls BP debacle as 'investor nightmare'

Volkswagen stock shock recalls BP debacle as 'investor nightmare'

Volkswagen's battered shares pose the same risks for traders as BP's oil spill in 2010, which also threw up tempting trading opportunities but burnt investors who got their bets wrong. Volkswagen's stock has slumped some 30 percent since the US Environmen
Published 24 Sep, 2015 12:00am
Volkswagen stock shock recalls BP debacle as 'investor nightmare'

Volkswagen stock shock recalls BP debacle as 'investor nightmare'

Volkswagen's battered shares pose the same risks for traders as BP's oil spill in 2010, which also threw up tempting trading opportunities but burnt investors who got their bets wrong. Volkswagen's stock has slumped some 30 percent since the US Environmen
Published 24 Sep, 2015 12:00am
Indian stocks snap two-day losing streak
Currency

Indian stocks snap two-day losing streak

Indian stocks snapped a two-day losing streak to end slightly higher as investors bought beaten-down bank stocks, but capped gains ahead of the monthly derivatives contracts expiry on Thursday. India's broader NSE index ended 0.43 percent higher after ris
Published 24 Sep, 2015 12:00am
Wall Street slides with commodity-related stocks, autos

Wall Street slides with commodity-related stocks, autos

US stocks dropped on Tuesday as a selloff in commodities dragged down materials companies while Volkswagen suppliers' shares dropped following the German carmaker's emissions scandal. S&P materials, down 1.8 percent, led the decline for the S&P 500, but t
Published 24 Sep, 2015 12:00am
Hong Kong shares slump

Hong Kong shares slump

Hong Kong stocks slumped on Wednesday, dragged by wobbling global markets, and also weighed down by weak China factory activity data. The Hang Seng index fell 2.3 percent, to 21,302.91, while the China Enterprises Index lost 2.7 percent to 9,570.25. "Sent
Published 24 Sep, 2015 12:00am
US bond prices jump

US bond prices jump

US Treasuries prices rose on Tuesday as lingering worries about the global economy triggered a selloff in stock and commodity markets worldwide and revived safe-haven demand for lower-risk government debt. The bond market recovered Monday's losses, which
Published 24 Sep, 2015 12:00am
US bond prices jump

US bond prices jump

US Treasuries prices rose on Tuesday as lingering worries about the global economy triggered a selloff in stock and commodity markets worldwide and revived safe-haven demand for lower-risk government debt. The bond market recovered Monday's losses, which
Published 24 Sep, 2015 12:00am
Australian shares hit two-year low

Australian shares hit two-year low

Australian shares tumbled to their lowest close in more than two years on Wednesday as concerns about the economic outlook for top trading partner China sent commodity prices lower, hitting sentiment across the board. The S&P/ASX 200 index finished down 2
Published 24 Sep, 2015 12:00am
China stocks tumble

China stocks tumble

China stocks fell on Wednesday, hit by falls in global markets and weak domestic factory activity that has raised fears of a sharp economic slowdown. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 2.3 percent, to 3,263.03,
Published 24 Sep, 2015 12:00am
European stocks rise, led by automakers, oil stocks

European stocks rise, led by automakers, oil stocks

European stocks nudged higher on Wednesday as investors sought bargains after heavy losses in the previous session, with automakers rebounding and oil companies underpinned by higher crude prices. Shares in German carmaker Volkswagen rose as much as 9 per
Published 24 Sep, 2015 12:00am
TSX down two percent

TSX down two percent

Canada's main stock index tumbled more than 2 percent on Tuesday as a sell-off in commodities walloped resource stocks, leading across-the-board declines in volatile trade. The fall followed roughly 1 percent gains on both Monday and Friday after the Fede
Published 24 Sep, 2015 12:00am
Southeast Asian stocks: Indonesia at four-week low

Southeast Asian stocks: Indonesia at four-week low

Indonesian shares hit a four-week low on Wednesday amid selloffs in large-caps and a fall in the rupiah while other share markets in Southeast Asia fell in line with global equities after a survey indicating weak factory data from China. Jakarta's composi
Published 24 Sep, 2015 12:00am
FTSE recovers as energy stocks rebound

FTSE recovers as energy stocks rebound

Britain's top equity index recovered on Wednesday from a slump in the previous session, as rising oil prices led to gains by energy stocks. The FTSE 100 index, which had fallen 2.8 percent in the previous session, closed up 1.6 percent at 6,032.24 points.
Published 24 Sep, 2015 12:00am
Yuan eases, but state banks seen intervening offshore

Yuan eases, but state banks seen intervening offshore

China's yuan weakened on Wednesday as the dollar strengthened in global markets and after activity in the country's factory sector shrank unexpectedly to a 6-1/2-year low in September. Offshore yuan, however, trimmed earlier losses due to intervention fro
Published 24 Sep, 2015 12:00am
Aussie tumbles, yen up in Asia

Aussie tumbles, yen up in Asia

The Australian dollar tumbled and the yen rose on Wednesday after a survey showed Chinese factory activity fell to a 6-1/2-year low, clouding the outlook for global growth. The preliminary Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI)
Published 24 Sep, 2015 12:00am
Euro edges up against dollar, yen in Europe
Currency

Euro edges up against dollar, yen in Europe

The euro gained around a third of a percent against the dollar and the yen on Wednesday, helped by signals that an expansion of the European Central Bank's quantitative easing programme is not quite on the agenda yet. Ahead of a European Parliament appear
Published 24 Sep, 2015 12:00am
Early trade in New York: dollar slips against euro
Currency

Early trade in New York: dollar slips against euro

The US dollar slipped against the euro on Wednesday after the head of the European Central Bank said the ECB needed more time to assess whether to boost its stimulus program, confounding some who were expecting a more dovish tone. ECB President Mario Drag
Published 24 Sep, 2015 12:00am
Dollar extends gains against euro in New York
Currency

Dollar extends gains against euro in New York

The US dollar hit a more than two-week high against the euro on Tuesday on continued belief that the Federal Reserve would hike rates this year while the European Central Bank could ease further. The euro hit $1.11130, its lowest against the greenback sin
Published 24 Sep, 2015 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 77.80-77.80 (previous 77.80-77.80). 05.40-06.50 percent (* Previous 05.30-06.50 percent). (* revised).
Published 24 Sep, 2015 12:00am
Asian forex: rupiah hits 17-year low, ringgit tumbles
Currency

Asian forex: rupiah hits 17-year low, ringgit tumbles

Most emerging Asian currencies skidded on Wednesday as disappointing Chinese factory activity boosted concerns over a slowing global growth and on a strong US dollar. Indonesia's rupiah hit a 17-year low on stock outflows, while the Malaysian ringgit slid
Published 24 Sep, 2015 12:00am
Sri Lankan rupee slightly higher
Currency

Sri Lankan rupee slightly higher

The Sri Lankan rupee ended marginally higher on Wednesday due to inward remittances ahead of the Hajj, though gains were capped by importer demand for dollars, dealers said. Exporters held on to the greenback on expectations of further depreciation, they
Published 24 Sep, 2015 12:00am
Sterling skids against euro
Currency

Sterling skids against euro

Sterling skidded over 1 percent against the euro on Wednesday after the head of the European Central Bank said it was too early to decide on further stimulus in the euro zone. The euro had hit a one-month low versus the pound the previous day on talk the
Published 24 Sep, 2015 12:00am
Aussie and kiwi remain down
Currency

Aussie and kiwi remain down

The Australian and New Zealand dollars fell for a third consecutive session on Wednesday as a slide in commodity prices sent investors to safe assets such as bonds. The Australian dollar dropped to $0.7077, from $0.7087 early, having shed two cents since
Published 24 Sep, 2015 12:00am
Lewandowski hits five to write Bundesliga history

Lewandowski hits five to write Bundesliga history

Robert Lewandowski wrote Bundesliga history on Tuesday and sent records tumbling by scoring five goals in just nine minutes in Bayern Munich's 5-1 romp at home to Wolfsburg. Bayern were 1-0 down at the break thanks to a goal by Wolfsburg winger Daniel Cal
Published 24 Sep, 2015 12:00am
Griezmann double fires Atletico top of La Liga

Griezmann double fires Atletico top of La Liga

Atletico Madrid moved to the top of La Liga as Antoine Griezmann's double handed them a 2-0 win over Getafe on Tuesday. Griezmann got the hosts off to the perfect start after five minutes and then sealed the three points despite an otherwise unconvincing
Published 24 Sep, 2015 12:00am
Pakistan U-19 squad for Sri Lanka tour announced

Pakistan U-19 squad for Sri Lanka tour announced

Chairman Pakistan Cricket Board (PCB) Shaharyar Mohammad Khan has approved the 16-member Pakistan Under-19 squad for the tour to Sri Lanka following the recommendation of the four-member junior selection committee. "The Under-19 squad consists of 16 playe
Published 24 Sep, 2015 12:00am
Pepsico CPL T-20 cricket trophy unveiled

Pepsico CPL T-20 cricket trophy unveiled

The Corporate Premier League (CPL) Club in collaboration with Pepsico as title sponsors launched the sixth edition of the Amateur T-20 Cricket Championship to be played between 16 corporate teams of Lahore in quarter IV-2015. In a festive ceremony held in
Published 24 Sep, 2015 12:00am
Belgium to host Davis Cup final in Ghent

Belgium to host Davis Cup final in Ghent

Belgium will host Great Britain in November's Davis Cup final in Ghent, the International Tennis Federation said on Wednesday. The November 27-29 final will be played indoors at the Flanders Expo in Ghent on a claycourt, with 13,000 spectators to be accom
Published 24 Sep, 2015 12:00am
Wozniacki downs Konjuh to reach quarters
Kerb

Wozniacki downs Konjuh to reach quarters

Number one seed Caroline Wozniacki outclassed Ana Konjuh of Croatia 6-2, 6-2 at the Pan Pacific Open Wednesday, advancing to a quarter-final against German fifth seed Angelique Kerber. The Danish former world number one, winner here in 2010, took one hour
Published 24 Sep, 2015 12:00am
Man City cruise in League Cup, Swansea out

Man City cruise in League Cup, Swansea out

Record signing Kevin De Bruyne scored again as Manchester City crushed Sunderland 4-1 to reach the League Cup fourth round on Tuesday, but Swansea City fell to second-tier Hull City. Manchester City's perfect start to the Premier League season was abruptl
Published 24 Sep, 2015 12:00am
Costa banned for three matches

Costa banned for three matches

Chelsea's Spain forward Diego Costa was on Tuesday banned for three matches for raising his hands to the face of Arsenal centre-back Laurent Koscielny. Costa was found guilty of violent conduct during Chelsea's 2-0 Premier League win over their London riv
Published 24 Sep, 2015 12:00am
CoAS meets Special Olympics team

CoAS meets Special Olympics team

Chief of Army Staff (CoAS) General Raheel Sharif on Thursday met the eight-member Pakistani team who brought international acclaim for the country in Special Olympics held at Los Angeles in July last. This eight-member team of athletes returned with a ric
Published 24 Sep, 2015 12:00am
Swiss Justice Office authorises extradition of FIFA official Esquivel

Swiss Justice Office authorises extradition of FIFA official Esquivel

The Swiss Federal Office of Justice has authorised the extradition of Venezuelan FIFA official Rafael Esquivel to face corruption charges in the United States, it said in a statement on Wednesday. Esquivel, 69, was arrested in Zurich on May 27 as part of
Published 24 Sep, 2015 12:00am
Patel gets England recall

Patel gets England recall

Nottinghamshire all-rounder Samir Patel has replaced Zafar Ansari in England's squad to face Pakistan after Ansari dislocated his left thumb, the England and Wales Cricket Board (ECB) announced on Wednesday. The last of Patel's five Test appearances came
Published 24 Sep, 2015 12:00am
Morgan, Wood given England central contracts

Morgan, Wood given England central contracts

Limited-overs captain Eoin Morgan and fast bowler Mark Wood have been granted England central contracts for 2015-16, the England and Wales Cricket Board (ECB) announced on Wednesday. Durham quick Wood, 25, has won a central contract for the first time aft
Published 24 Sep, 2015 12:00am
Corruption will always be part of game: ICC head

Corruption will always be part of game: ICC head

The head of world-wide cricket's anti-fraud body has admitted that corruption will never be totally driven out of the game, in an interview published on Wednesday. Sir Ronnie Flanagan, the International Cricket Council's anti-corruption chief, however add
Published 24 Sep, 2015 12:00am
EU court deals blow to 'invalid' US data sharing deal

EU court deals blow to 'invalid' US data sharing deal

A major data-sharing deal between the EU and US is 'invalid' given the spying revelations in the Edward Snowden scandal, the top EU court's main legal advisor said Wednesday in a case brought against Facebook. The case stems from a complaint against Faceb
Published 24 Sep, 2015 12:00am
US military denies defection of Syria rebels

US military denies defection of Syria rebels

US military officials on Wednesday denied reports that the latest batch of American-trained Syrian rebels had defected to an al Qaeda affiliate. The Pentagon is under intense scrutiny over its "train-and-equip" program in which moderate Syrian rebels are
Published 24 Sep, 2015 12:00am
Burkina president resumes power after week-long coup

Burkina president resumes power after week-long coup

Burkina Faso's interim President Michel Kafando officially resumed power Wednesday after a week-long coup by renegade troops, who bowed to pressure from regional powers and former colonial ruler France. The move came after marathon talks brokered by the E
Published 24 Sep, 2015 12:00am
EU urged to secure borders from 'millions' of migrants

EU urged to secure borders from 'millions' of migrants

The EU's president urged leaders gathering for an emergency summit Wednesday to stop fighting over a refugee quota deal and take urgent action to secure the bloc's borders in the face of "millions" of migrants. After ministers forced through a deal to rel
Published 24 Sep, 2015 12:00am
Obama, pope unite for action on migrants, climate

Obama, pope unite for action on migrants, climate

President Barack Obama and Pope Francis married their political and spiritual power to urge action on immigration and the environment Wednesday, during the popular pontiff's maiden White House visit. America's first black president offered the first Latin
Published 24 Sep, 2015 12:00am
Geneva to return Roman-era sarcophagus to Turkey

Geneva to return Roman-era sarcophagus to Turkey

A Swiss public prosecutor has ordered that a precious Roman-era sarcophagus be returned to Turkey five years after it was seized by customs in Geneva, an official statement said Wednesday. Considered a major archaeological find, the sarcophagus depicts th
Published 24 Sep, 2015 12:00am
Dates of US presidential debates set for 2016

Dates of US presidential debates set for 2016

Organisers announced four US universities as hosts of the debates - three presidential and one vice presidential - in the 2016 election cycle, beginning with the first Democratic-Republican encounter on September 26 next year. According to the Commission
Published 24 Sep, 2015 12:00am
Nigeria claims rescue of 241 women, girls from Boko Haram

Nigeria claims rescue of 241 women, girls from Boko Haram

Nigeria's military on Wednesday said troops had rescued 241 women and children during operations against Boko Haram Islamist militants in the country's restive north-east. The women and children were picked up on Tuesday as soldiers cleared what the milit
Published 24 Sep, 2015 12:00am
France sells warships to Egypt, after Russia deal scrapped

France sells warships to Egypt, after Russia deal scrapped

French President Francois Hollande said Wednesday Egypt had agreed to buy two Mistral warships which France built for Russia before scrapping the sale over the Ukraine crisis. The deal is the second big military contract this year between France and Egypt
Published 24 Sep, 2015 12:00am
In apparent first, Ukraine axes Soviet name of eastern town

In apparent first, Ukraine axes Soviet name of eastern town

A frontline town in war-scarred eastern Ukraine will dump its Soviet-era name and adopt that of a local river, a decision aimed at cutting Kiev's ties to its communist past. The local council of government-held Artemivsk decided Wednesday to call the indu
Published 24 Sep, 2015 12:00am
New Greek cabinet sworn in with few new faces

New Greek cabinet sworn in with few new faces

Greece's new cabinet was sworn in on Wednesday, bringing in few new faces as re-elected Prime Minister Alexis Tspiras sought continuity in pushing through economic reforms under the watchful eye of international lenders. Tsipras appointed two bailout nego
Published 24 Sep, 2015 12:00am
Over 20 killed in market bombing in NE Nigeria

Over 20 killed in market bombing in NE Nigeria

More than 20 people were killed in a bomb attack in the garrison town of Monguno in remote north-east Nigeria, witnesses and the country's main relief agency said on Wednesday. Ibrahim Abdulkadir, north-east co-ordinator of the National Emergency Manageme
Published 24 Sep, 2015 12:00am
By-election campaigns: Parliamentarians allowed to participate

By-election campaigns: Parliamentarians allowed to participate

The Lahore High Court has allowed parliamentarians to participate in the by-elections campaign. The court, suspending a notification by the Election Commission of Pakistan which barred them from running election campaigns of the by-elections, delayed the
Published 24 Sep, 2015 12:00am
Zardari appreciates Wattoo's performance

Zardari appreciates Wattoo's performance

Co-chairman PPP and former President Asif Ali Zardari has expressed appreciation for the dedication and commitment of Mian Manzoor Wattoo in organising the party cadres in the province in preparation for the local bodies' polls. The former President today
Published 24 Sep, 2015 12:00am
Congo virus treatment ward set up at ASH

Congo virus treatment ward set up at ASH

Karachi Metropolitan Corporation (KMC) has set up a 20-bed Congo virus treatment ward at its Abbasi Shaheed Hospital (ASH). A press release of KMC issued on Wednesday said that the move to set up an exclusive ward for treating Congo virus patients has bee
Published 24 Sep, 2015 12:00am
Traffic congestion: Mosimyat Chowrangi needs urgent re-engineering

Traffic congestion: Mosimyat Chowrangi needs urgent re-engineering

Mosimyat Chowrangi area of the Mian University Road has become a nightmare for motorists, commuters and pedestrians due to massive encroachments, lack of planned u-turns, pedestrian bridges and Jersey barrier between the road to stop pedestrians from cros
Published 24 Sep, 2015 12:00am
Prime Minister to unveil package for exporters next month: Dastgir

Prime Minister to unveil package for exporters next month: Dastgir

Federal Commerce Minister Khurram Dastgir Khan has said the Prime Minister is announcing a much-awaited package in the first week of October to resolve manufacturers-cum-exporters' long-running problems. Besides, the premier will launch a strategic trade
Published 24 Sep, 2015 12:00am
No loadshedding during Eid holidays: KE

No loadshedding during Eid holidays: KE

The K-Electric has announced that there will no loadshedding across the city during Eid-ul-Azha holidays. In a press release, the power utility said that there will be no loadshedding from September 24 to September 27. However, in any area, if there is an
Published 24 Sep, 2015 12:00am
Government urged to encourage young businesspeople

Government urged to encourage young businesspeople

SAARC Chamber of Commerce and Industry Vice-President and United Businessmen Group (UBG) Chairman Iftikhar Ali Malik has urged the government to post young businessmen as commercial counsellors abroad to boost the country's exports. Talking to businessmen
Published 24 Sep, 2015 12:00am
Ensuring speedy justice: CJP stresses bench-bar cooperation

Ensuring speedy justice: CJP stresses bench-bar cooperation

Chief Justice of Pakistan Justice Anwar Zaheer Jamali Wednesday stressed joint efforts of bench and bars for ensuring speedy justice to litigants. Talking to a 12-member delegation of Karachi Bar Association comprising President Naeem Qureshi and executiv
Published 24 Sep, 2015 12:00am
NBP in process of adding Money Gram as another remittance tie-up

NBP in process of adding Money Gram as another remittance tie-up

National Bank of Pakistan (NBP) and Money Gram formally shared the documents for finalising agreement to enter Money Gram as another important tie-up of NBP. The sharing agreement documents ceremony was held in NBP Exchange Company. This new addition in N
Published 24 Sep, 2015 12:00am
Stalls selling slaughter tools spring up rapidly in city

Stalls selling slaughter tools spring up rapidly in city

A large number of stalls selling tools required for slaughtering animals have sprung up in every nook and cranny of the city on the eve of Eid-ul-Azha. Moreover, some vendors providing services for sharpening rusted tools have also appeared in different p
Published 24 Sep, 2015 12:00am
Sindh government to fix cane price through consensus

Sindh government to fix cane price through consensus

In a bid to avoid chaotic situation this year, Sindh government has decided to create consensus between sugarcane growers and sugar millers on the fixation of cane price. Gauging the severity of the situation developed during last crushing season, Sindh C
Published 24 Sep, 2015 12:00am
APPSF announces Eid holidays

APPSF announces Eid holidays

Private Schools will remain closed from September 24 to 27, on account of Eid-ul-Azha. A meeting of Central Executive Council (CEC) of All Pakistan Private schools' Federation (APPSF) was held under the Central President APPSF Mirza Kashif Ali, here on We
Published 24 Sep, 2015 12:00am
Zahid Saeed elected Kati President

Zahid Saeed elected Kati President

Zahid Saeed, Saleem Uzzaman and Sayyed Wajid Hussain have been elected unopposed President, Senior Vice-President and Vice-President of Korangi Association of Trade and Industry (Kati) respectively for the year 2015-16. The members and outgoing President
Published 24 Sep, 2015 12:00am
Cowasjee elected PSAA chief

Cowasjee elected PSAA chief

Ava A Cowasjee was elected as a chairperson of Pakistan Ships Agents Association (PSAA) in the Association's polls for FY2015-16. Tariq Haleem and Younus Vayani were elected as senior vice chairman and vice chairman of the body during the annual election
Published 24 Sep, 2015 12:00am
KPT Pollution Control department under fire

KPT Pollution Control department under fire

The Marine Pollution Control Department (MPCD) of Karachi Port Trust (KPT) Wednesday came under fire for its failure to clean its own premises. The MPCD, which is envisaged to address environmental issues related to marine pollution at the country's 62-sq
Published 24 Sep, 2015 12:00am
PPP worker among three killed in Karachi

PPP worker among three killed in Karachi

At least three persons were killed in separate incidents of violence while police arrested some 34 suspects including gang war operatives, here on Wednesday. According to police and rescue sources, some unidentified armed men opened firing in Orangi Bazar
Published 24 Sep, 2015 12:00am
SU holds awareness walk against corruption

SU holds awareness walk against corruption

"Corruption is penetrated like cancer in our society that may lead the society to a big disaster, if not checked. It is imperative to launch an effective campaign of awareness about this evil among masses. Young generation and future leaders should also p
Published 24 Sep, 2015 12:00am
Improved economic environment boosted auto industry: COO IMC

Improved economic environment boosted auto industry: COO IMC

"Improving economic environment, driven by the government efforts provided much needed boost to the auto industry, IMC in particular posted healthy growth in FY 2014-15 and contributed Rs 32bn in national exchequer, which makes 1.2 percent of the overall
Published 24 Sep, 2015 12:00am
50-bed ICU nearing completion at CHH: MS

50-bed ICU nearing completion at CHH: MS

Medical Superintendent Civil Hospital Hyderabad(MS CHH) Dr Wajid Memon has informed that 50-bedded new ICU building is near to complete at a cost of Rs 130 million which will not only cater the medical needs of Hyderabad citizens but also people of interi
Published 24 Sep, 2015 12:00am
Intel supports NB-LTE technology for IoT

Intel supports NB-LTE technology for IoT

Intel Corporation today announced its support for Narrow-Band Long-Term Evolution (NB-LTE) technology as the ideal wireless connectivity solution for the growing Internet of Things (IoT) market segment. NB-LTE is an optimised variant of the widely deploye
Published 24 Sep, 2015 12:00am
CDA prepares comprehensive plan for offal disposal

CDA prepares comprehensive plan for offal disposal

The Capital Development Authority (CDA) has prepared a comprehensive plan for collection and disposal of waste, offal of sacrificial animals on the eve of Eid-ul-Azha to be held on September 25. An official said the environment and sanitation wings of the
Published 24 Sep, 2015 12:00am
National Forest Policy draft likely to get required consensus

National Forest Policy draft likely to get required consensus

The Ministry of Climate Change has decided to take the National Forest Policy-2015 to Council of Common Interests (CCI) for approval after getting cold shoulder from chief secretaries of all the four provinces and Gilgit-Baltistan. The Ministry has rolled
Published 24 Sep, 2015 12:00am
Two women die in Khuzdar road accident

Two women die in Khuzdar road accident

At least two women died in a collision between two vehicles here on Tuesday. Police said that in the collision between two over speeding vehicles in tehsil Wadh of district Khuzdar of Balochistan two women sustained critical wounds. The injured women were
Published 24 Sep, 2015 12:00am
Qinqi rickshaws allowed to run conditionally

Qinqi rickshaws allowed to run conditionally

The Sindh government has conditionally allowed qinqi rickshaws to ply the streets once again with maximum seats for four passengers. The Advocate General of Sindh had submitted a request in the Supreme Court to this effect. Earlier, transporters had filed
Published 24 Sep, 2015 12:00am
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