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Print - 2015-12-12
Annual sports week concludes at KMU

Annual sports week concludes at KMU

Khyber Medical University (KMU) Peshawar in collaboration with Directorate of Sports organised a three-day annual sports week, which concluded on Friday. Prize distribution ceremony was held at KMU. Director General of National Accountability Bureau Khybe
Published 12 Dec, 2015 12:00am
Car bombs claimed by IS kill 26 in Syria

Car bombs claimed by IS kill 26 in Syria

At least 26 civilians have been killed in three suicide car bombings claimed by the Islamic State (IS) group in north-eastern Syria's Hasakeh province, a monitor said Friday. Syrian Observatory for Human Rights director Rami Abdel Rahman said the Thursday
Published 12 Dec, 2015 12:00am
Sweden opens first tent camp, as migrant flow plunges

Sweden opens first tent camp, as migrant flow plunges

Sweden has begun housing migrants in heated tents in wintry conditions due to a lack of available housing, despite a sharp drop in asylum seekers, the Migration Agency section chief said Friday. "The first asylum seekers have moved into the 17 temporary t
Published 12 Dec, 2015 12:00am
Italy wants to maintain Russia ties despite Ukraine crisis

Italy wants to maintain Russia ties despite Ukraine crisis

Italy, one of Russia's principal trading partners in Europe, wants to keep communication channels with Moscow open despite the Ukrainian crisis, Italian Foreign Minister Paolo Gentiloni said Friday. "I think we are all aware that the relations between Eur
Published 12 Dec, 2015 12:00am
Anti-corruption crusader risks wrecking Indian tax reform

Anti-corruption crusader risks wrecking Indian tax reform

An anti-corruption crusader in Indian Prime Minister Narendra Modi's party has vowed to send opposition leaders Sonia and Rahul Gandhi to jail, denting already faint hopes of political compromise on a key tax reform. Fresh developments in a three-year-old
Published 12 Dec, 2015 12:00am
Himalayas to host Indo-Pak World T20 showdown

Himalayas to host Indo-Pak World T20 showdown

The sleepy hillstation of Dharamsala will host arch-rivals India and Pakistan at next year's cricket World Twenty20, while the final will be staged at Kolkata's historic Eden Gardens, organisers said Friday. The bitter foes will meet in the group stages o
Published 12 Dec, 2015 12:00am
Bravo nears ton as Lyon puts West Indies in a spin

Bravo nears ton as Lyon puts West Indies in a spin

Nathan Lyon put the skids under the flailing West Indies as Australia set course for an overwhelming early victory despite Darren Bravo holding on in the first Test in Hobart on Friday. At the close of a stop-start day through showers, the Windies were 20
Published 12 Dec, 2015 12:00am
Federer confirms Olympic mixed doubles with Hingis

Federer confirms Olympic mixed doubles with Hingis

Roger Federer confirmed Friday that he will team up with fellow Grand Slam winning star Martina Hingis for Switzerland in the mixed doubles at the 2016 Olympics in Rio. "Yes, I will play with Martina in the mixed," 34-year-old Federer told sport360.com in
Published 12 Dec, 2015 12:00am
Punjab win Saga Premier League title

Punjab win Saga Premier League title

Saga Punjab outclassed Saga Khyber Pakhtunkhwa (KPK) by eight wickets in the final to clinch the 2nd Saga Premier League (SPL) Women T20 Cricket Tournament title played here at the Qadhafi Stadium, here on Friday. Saga KPK was hot favourite to win SPL fin
Published 12 Dec, 2015 12:00am
Russia backs Free Syrian Army alongside Assad troops: Putin

Russia backs Free Syrian Army alongside Assad troops: Putin

President Vladimir Putin said on Friday Russia is supporting the opposition Free Syrian Army, providing it with air cover, arms and ammunition in joint operations with Syrian troops against Islamist militants. His statement appeared to be the first time M
Published 12 Dec, 2015 12:00am
CAS upholds Platini suspension

CAS upholds Platini suspension

The Court of Arbitration for Sport (CAS) on Friday backed a 90-day FIFA ban against Michel Platini, in a new blow to the Frenchman's hopes of entering the FIFA's presidential race. Platini, head of European confederation UEFA and a FIFA vice president, ha
Published 12 Dec, 2015 12:00am
Sri Lanka fight back after early scare

Sri Lanka fight back after early scare

Dinesh Chandimal and Dimuth Karunaratne spearheaded a gritty Sri Lanka fight-back on the second day of the first Test against New Zealand in Dunedin on Friday. They came together with the tourists looking fragile at 29 for two, and put on 122 for the thir
Published 12 Dec, 2015 12:00am
Is it a bird, or a 100mph delivery?

Is it a bird, or a 100mph delivery?

A low-flying seagull was blamed for interfering with the speed gun on Friday when New Zealand's Neil Wagner bowled a ball clocked at 160 kilometres (99.4 miles) per hour - one of the quickest on record. The surprise missile from Wagner, whose normal bowli
Published 12 Dec, 2015 12:00am
Kohli plays down India World T20 favourites tag

Kohli plays down India World T20 favourites tag

Virat Kohli played down India's status Friday as favourites for cricket's World Twenty20, saying their rivals' experience of playing in the IPL had robbed the tournament's hosts of home advantage. Speaking at a promotional event for the trophy, the swashb
Published 12 Dec, 2015 12:00am
Honduran international Peralta shot dead

Honduran international Peralta shot dead

Gunmen killed Honduras international and former Rangers star Arnold Peralta in a drive-by shooting in a shopping mall car park, police said. The 26-year-old was assassinated in his home city of La Ceiba, police spokesman Commissioner Leonel Sauceda told A
Published 12 Dec, 2015 12:00am
Goalless draw secures top spot for Liverpool

Goalless draw secures top spot for Liverpool

Liverpool advanced to the knockout stages of the Europa League as winners of their group on Thursday after a 0-0 draw with Sion in the bitter chill of Switzerland. Jurgen Klopp's side had already progressed so the German handed starts to the likes of Kolo
Published 12 Dec, 2015 12:00am
Sterling slips
Currency

Sterling slips

Sterling edged down on Friday, a day after the Bank of England voted to keep interest rates at their record lows and said nothing to bring forward expectations that UK rates will not rise until late next year. Sterling fell on Thursday after the BoE warne
Published 12 Dec, 2015 12:00am
Aussie, kiwi take a breather
Currency

Aussie, kiwi take a breather

The Australian and New Zealand dollars struggled to make headway on Friday after attempts to keep above key levels proved difficult and prompted investors to book profits. The Australian dollar eased to $0.7263, from $0.7289 early, pulling away from a pea
Published 12 Dec, 2015 12:00am
Parliamentary panel irked by private schools' registration with PEIRA

Parliamentary panel irked by private schools' registration with PEIRA

A parliamentary panel expressed annoyance over the registration of private schools with the Private Educational Institution Regulatory Authority (PEIRA) without completing the pre-requisites. A sub-committee of the Standing Committee of the National Assem
Published 12 Dec, 2015 12:00am
President to attend second world internet moot in China

President to attend second world internet moot in China

President Mamnoon Hussain will attend the 2nd World Internet Conference to be held at Wuzhen from 16-18 December. President Xi Jinping will deliver a key note address at the opening ceremony of the conference. World Internet Conference is a joint venture
Published 12 Dec, 2015 12:00am
PPP to continue protest PIA sell-off

PPP to continue protest PIA sell-off

Pakistan People's Party (PPP) will continue protest against privatisation of the Pakistan International Airlines (PIA) and recently imposed additional taxes to the tune of Rs 40 billion. This was stated by Senator Saleem Mandviwalla while addressing a new
Published 12 Dec, 2015 12:00am
Parliamentary panel to be formed

Parliamentary panel to be formed

Speaker of the National Assembly Sardar Ayaz Sadiq would constitute a Parliamentary Committee to oversee the process of privatisation of Pakistan International Airline (PIA). The Lower House of the parliament on Friday adopted a motion to authorise the Sp
Published 12 Dec, 2015 12:00am
Single-stage sales tax: FBR to verify data in light of IMF input

Single-stage sales tax: FBR to verify data in light of IMF input

The Federal Board of Revenue (FBR) will further verify data and analyse proposal of single stage sales tax (SSST) at reduced rate in light of the input of the International Monetary Fund (IMF) experts. One of the participants of Pakistan's delegation, who
Published 12 Dec, 2015 12:00am
Raids by NAB, FIA affected government machinery's performance: Qaim

Raids by NAB, FIA affected government machinery's performance: Qaim

Sindh Chief Minister Syed Qaim Ali Shah said here on Friday that Pakistan Rangers had the mandate and powers against four heinous crimes like terrorism, target killing, kidnapping for ransom and extortion. "But, I am sorry to say that they (Rangers) have
Published 12 Dec, 2015 12:00am
PIA sell-off: National Assembly speaker to form parliamentary panel

PIA sell-off: National Assembly speaker to form parliamentary panel

Speaker of the National Assembly Sardar Ayaz Sadiq would constitute a Parliamentary Committee to oversee the process of privatisation of Pakistan International Airline (PIA). The Lower House of the parliament on Friday adopted a motion to authorise the Sp
Published 12 Dec, 2015 12:00am
President to attend second world internet moot in China

President to attend second world internet moot in China

President Mamnoon Hussain will attend the 2nd World Internet Conference to be held at Wuzhen from 16-18 December. President Xi Jinping will deliver a key note address at the opening ceremony of the conference. World Internet Conference is a joint venture
Published 12 Dec, 2015 12:00am
Prevention of Electronic Crime Bill presented in NA

Prevention of Electronic Crime Bill presented in NA

A comprehensive report on "The Prevention of Electronic Crime Bill, 2015" was presented in the National Assembly on Friday to deal with the growing threat of cybercrime. Chairman Standing Committee on Information Technology and Telecommunication Captain (
Published 12 Dec, 2015 12:00am
US, Cuba renew direct postal service after 52 years: Havana

US, Cuba renew direct postal service after 52 years: Havana

The United States and Cuba have agreed to restore direct postal service 52 years after severing it at the height of the Cold War, the Cuban foreign ministry said Friday. It said the "pilot plan" would take effect "in the coming weeks" and then be rolled o
Published 12 Dec, 2015 12:00am
At least 7 killed in north Cameroon suicide attack

At least 7 killed in north Cameroon suicide attack

At least seven civilians were killed Friday in a suicide attack in Kolofata, northern Cameroon, a region where Nigeria's Boko Haram Islamists are highly active, local officials said. "A suicide bomber went to a place selling doughnuts and blew up," a regi
Published 12 Dec, 2015 12:00am
Three astronauts land back on Earth from space station

Three astronauts land back on Earth from space station

Three astronauts, from the United States, Russia and Japan, on Friday successfully completed a rare night-time landing on Earth in the wintry Kazakh steppe after returning from the International Space Station. "They have landed safely and the recovery tea
Published 12 Dec, 2015 12:00am
Turkey lifts, then reimposes curfew in battered Kurdish city

Turkey lifts, then reimposes curfew in battered Kurdish city

The Turkish authorities on Friday lifted a nine-day curfew in a key district in the south-eastern city of Diyarbakir after heavy fighting with Kurdish militants but then promptly reimposed the measure. The local authorities had kept the curfew in place si
Published 12 Dec, 2015 12:00am
Man linked to 'Jihad Jane' detained in Spain

Man linked to 'Jihad Jane' detained in Spain

Spain on Friday said it had detained an alleged jihadist wanted by Washington for conspiring with a woman known as "Jihad Jane" to recruit people online for attacks in Europe and South Asia. Ali Charaf Damache, who holds both Algerian and Irish nationalit
Published 12 Dec, 2015 12:00am
Three Palestinians killed in West Bank, Gaza

Three Palestinians killed in West Bank, Gaza

Three Palestinians were killed Friday in the occupied West Bank and in the Gaza Strip, one after allegedly attempting to run down Israeli soldiers and the others in clashes with troops. Palestinian youths fought Israeli forces near the northern entrance o
Published 12 Dec, 2015 12:00am
Britain's phone hacking probe ends

Britain's phone hacking probe ends

Britain's mammoth phone-hacking probe finally came to an end Friday after a four-year investigation that rocked the political and media establishment to the core. Prosecutors announced they would take no further action over remaining allegations, and Scot
Published 12 Dec, 2015 12:00am
Planning Commission's admission of failure

Planning Commission's admission of failure

Ahsan Iqbal, Minister for Planning Development and Reforms, while addressing the inaugural session of a consultative workshop on mid-term performance of the PML-N government, claimed that "success has largely been on stabilisation" and acknowledged that "
Published 12 Dec, 2015 12:00am
Exports: SBP for fundamental shift in policy

Exports: SBP for fundamental shift in policy

Emphasising on a fundamental shift in policy, State Bank of Pakistan (SBP) has said that impediments at structural, institutional and entrepreneurial levels have never really allowed exports to hold ground. According to State Bank of Pakistan Economy repo
Published 12 Dec, 2015 12:00am
Exports: SBP for fundamental shift in policy

Exports: SBP for fundamental shift in policy

Emphasising on a fundamental shift in policy, State Bank of Pakistan (SBP) has said that impediments at structural, institutional and entrepreneurial levels have never really allowed exports to hold ground. According to State Bank of Pakistan Economy repo
Published 12 Dec, 2015 12:00am
Exports: SBP for fundamental shift in policy

Exports: SBP for fundamental shift in policy

Emphasising on a fundamental shift in policy, State Bank of Pakistan (SBP) has said that impediments at structural, institutional and entrepreneurial levels have never really allowed exports to hold ground. According to State Bank of Pakistan Economy repo
Published 12 Dec, 2015 12:00am
Improved security linked to 'peace dividend'

Improved security linked to 'peace dividend'

State Bank of Pakistan (SBP) on Friday said the improvement in security situation offers an opportunity to realise sizeable economic benefits in terms of growth and macroeconomic stability. SBP in its State of Pakistan's Economy report issued on Friday, b
Published 12 Dec, 2015 12:00am
Improved security linked to 'peace dividend'

Improved security linked to 'peace dividend'

State Bank of Pakistan (SBP) on Friday said the improvement in security situation offers an opportunity to realise sizeable economic benefits in terms of growth and macroeconomic stability. SBP in its State of Pakistan's Economy report issued on Friday, b
Published 12 Dec, 2015 12:00am
Improved security linked to ''peace dividend''

Improved security linked to ''peace dividend''

State Bank of Pakistan (SBP) on Friday said the improvement in security situation offers an opportunity to realise sizeable economic benefits in terms of growth and macroeconomic stability. SBP in its State of Pakistan''s Economy report issued on Friday,
Published 12 Dec, 2015 12:00am
Improved security linked to ''''peace dividend''''

Improved security linked to ''''peace dividend''''

State Bank of Pakistan (SBP) on Friday said the improvement in security situation offers an opportunity to realise sizeable economic benefits in terms of growth and macroeconomic stability. SBP in its State of Pakistan''''s Economy report issued on Friday
Published 12 Dec, 2015 12:00am
Reasons behind low growth highlighted
Cotton

Reasons behind low growth highlighted

Continuing energy shortages, water scarcity, low tax-to-GDP ratio and sluggish investment rate could hamper sustained growth; therefore, these need to be resolved on priority basis, says the State Bank of Pakistan. In SBP's Annual Report for FY2014-15, is
Published 12 Dec, 2015 12:00am
Reasons behind low growth highlighted
Cotton

Reasons behind low growth highlighted

Continuing energy shortages, water scarcity, low tax-to-GDP ratio and sluggish investment rate could hamper sustained growth; therefore, these need to be resolved on priority basis, says the State Bank of Pakistan. In SBP's Annual Report for FY2014-15, is
Published 12 Dec, 2015 12:00am
Reasons behind low growth highlighted
Cotton

Reasons behind low growth highlighted

Continuing energy shortages, water scarcity, low tax-to-GDP ratio and sluggish investment rate could hamper sustained growth; therefore, these need to be resolved on priority basis, says the State Bank of Pakistan. In SBP''s Annual Report for FY2014-15, i
Published 12 Dec, 2015 12:00am
Reasons behind low growth highlighted
Cotton

Reasons behind low growth highlighted

Continuing energy shortages, water scarcity, low tax-to-GDP ratio and sluggish investment rate could hamper sustained growth; therefore, these need to be resolved on priority basis, says the State Bank of Pakistan. In SBP''''s Annual Report for FY2014-15,
Published 12 Dec, 2015 12:00am
Reasons behind low growth highlighted
Cotton

Reasons behind low growth highlighted

Continuing energy shortages, water scarcity, low tax-to-GDP ratio and sluggish investment rate could hamper sustained growth; therefore, these need to be resolved on priority basis, says the State Bank of Pakistan. In SBP''''''''s Annual Report for FY2014
Published 12 Dec, 2015 12:00am
Banks asked to diversify loan portfolio

Banks asked to diversify loan portfolio

State Bank of Pakistan (SBP) has asked banks to diversify their loan portfolio as excessive exposure on government debt is hampering financial intermediation in the economy and eroding the effectiveness of monetary policy. According to SBP 'State of Pakis
Published 12 Dec, 2015 12:00am
Banks asked to diversify loan portfolio

Banks asked to diversify loan portfolio

State Bank of Pakistan (SBP) has asked banks to diversify their loan portfolio as excessive exposure on government debt is hampering financial intermediation in the economy and eroding the effectiveness of monetary policy. According to SBP 'State of Pakis
Published 12 Dec, 2015 12:00am
Banks asked to diversify loan portfolio

Banks asked to diversify loan portfolio

State Bank of Pakistan (SBP) has asked banks to diversify their loan portfolio as excessive exposure on government debt is hampering financial intermediation in the economy and eroding the effectiveness of monetary policy. According to SBP ''State of Paki
Published 12 Dec, 2015 12:00am
Banks asked to diversify loan portfolio

Banks asked to diversify loan portfolio

State Bank of Pakistan (SBP) has asked banks to diversify their loan portfolio as excessive exposure on government debt is hampering financial intermediation in the economy and eroding the effectiveness of monetary policy. According to SBP ''''State of Pa
Published 12 Dec, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 12 Dec, 2015 12:00am
Pakistan conducts successful test of Shaheen-III

Pakistan conducts successful test of Shaheen-III

Pakistan on Friday conducted a successful flight test of Shaheen-III surface-to-surface ballistic missile, with a maximum range of 2750 kilometres. The test flight was aimed at validating various designs and technical parameters of the weapon system. Acco
Published 12 Dec, 2015 12:00am
Pakistan conducts successful test of Shaheen-III

Pakistan conducts successful test of Shaheen-III

Pakistan on Friday conducted a successful flight test of Shaheen-III surface-to-surface ballistic missile, with a maximum range of 2750 kilometres. The test flight was aimed at validating various designs and technical parameters of the weapon system. Acco
Published 12 Dec, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Dec, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Dec, 2015 12:00am
Billionaire head of China's Fosun group 'vanishes'

Billionaire head of China's Fosun group 'vanishes'

One of China's biggest private-sector conglomerates, Club Med owner Fosun, said Friday its chairman was co-operating with judicial authorities over a reported corruption investigation. Shares in the group were suspended in Hong Kong after the disappearanc
Published 12 Dec, 2015 12:00am
Billionaire head of China's Fosun group 'vanishes'

Billionaire head of China's Fosun group 'vanishes'

One of China's biggest private-sector conglomerates, Club Med owner Fosun, said Friday its chairman was co-operating with judicial authorities over a reported corruption investigation. Shares in the group were suspended in Hong Kong after the disappearanc
Published 12 Dec, 2015 12:00am
Billionaire head of China''s Fosun group ''vanishes''

Billionaire head of China''s Fosun group ''vanishes''

One of China''s biggest private-sector conglomerates, Club Med owner Fosun, said Friday its chairman was co-operating with judicial authorities over a reported corruption investigation. Shares in the group were suspended in Hong Kong after the disappearan
Published 12 Dec, 2015 12:00am
Investment-specific telecom policy approved by ECC

Investment-specific telecom policy approved by ECC

The Economic Co-ordination Committee (ECC) of the Cabinet has approved the Telecom Policy 2015 designed to attract investment and innovation in the sector. The telecom draft policy by the Ministry of Information and Technology under the provision of Secti
Published 12 Dec, 2015 12:00am
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