AIRLINK 183.77 Increased By ▲ 6.32 (3.56%)
BOP 11.26 Increased By ▲ 0.15 (1.35%)
CNERGY 8.53 Increased By ▲ 0.02 (0.24%)
CPHL 96.44 Increased By ▲ 0.20 (0.21%)
FCCL 46.17 Increased By ▲ 1.19 (2.65%)
FFL 15.75 Decreased By ▼ -0.16 (-1.01%)
FLYNG 28.36 Increased By ▲ 0.45 (1.61%)
HUBC 143.44 Increased By ▲ 1.56 (1.1%)
HUMNL 13.00 Increased By ▲ 0.01 (0.08%)
KEL 4.44 Increased By ▲ 0.01 (0.23%)
KOSM 5.77 Decreased By ▼ -0.10 (-1.7%)
MLCF 64.57 Increased By ▲ 3.81 (6.27%)
OGDC 214.08 Increased By ▲ 2.38 (1.12%)
PACE 5.97 Increased By ▲ 0.21 (3.65%)
PAEL 47.02 Increased By ▲ 0.53 (1.14%)
PIAHCLA 17.09 Decreased By ▼ -0.44 (-2.51%)
PIBTL 10.43 Decreased By ▼ -0.06 (-0.57%)
POWER 12.12 Increased By ▲ 0.28 (2.36%)
PPL 171.74 Increased By ▲ 2.06 (1.21%)
PRL 34.52 Increased By ▲ 0.01 (0.03%)
PTC 22.39 Decreased By ▼ -0.23 (-1.02%)
SEARL 92.91 Decreased By ▼ -1.10 (-1.17%)
SSGC 40.83 Increased By ▲ 1.06 (2.67%)
SYM 14.20 Increased By ▲ 0.02 (0.14%)
TELE 7.28 Decreased By ▼ -0.04 (-0.55%)
TPLP 10.01 Decreased By ▼ -0.01 (-0.1%)
TRG 66.65 Increased By ▲ 0.69 (1.05%)
WAVESAPP 10.13 Decreased By ▼ -0.19 (-1.84%)
WTL 1.32 No Change ▼ 0.00 (0%)
YOUW 3.79 Decreased By ▼ -0.01 (-0.26%)
AIRLINK 183.77 Increased By ▲ 6.32 (3.56%)
BOP 11.26 Increased By ▲ 0.15 (1.35%)
CNERGY 8.53 Increased By ▲ 0.02 (0.24%)
CPHL 96.44 Increased By ▲ 0.20 (0.21%)
FCCL 46.17 Increased By ▲ 1.19 (2.65%)
FFL 15.75 Decreased By ▼ -0.16 (-1.01%)
FLYNG 28.36 Increased By ▲ 0.45 (1.61%)
HUBC 143.44 Increased By ▲ 1.56 (1.1%)
HUMNL 13.00 Increased By ▲ 0.01 (0.08%)
KEL 4.44 Increased By ▲ 0.01 (0.23%)
KOSM 5.77 Decreased By ▼ -0.10 (-1.7%)
MLCF 64.57 Increased By ▲ 3.81 (6.27%)
OGDC 214.08 Increased By ▲ 2.38 (1.12%)
PACE 5.97 Increased By ▲ 0.21 (3.65%)
PAEL 47.02 Increased By ▲ 0.53 (1.14%)
PIAHCLA 17.09 Decreased By ▼ -0.44 (-2.51%)
PIBTL 10.43 Decreased By ▼ -0.06 (-0.57%)
POWER 12.12 Increased By ▲ 0.28 (2.36%)
PPL 171.74 Increased By ▲ 2.06 (1.21%)
PRL 34.52 Increased By ▲ 0.01 (0.03%)
PTC 22.39 Decreased By ▼ -0.23 (-1.02%)
SEARL 92.91 Decreased By ▼ -1.10 (-1.17%)
SSGC 40.83 Increased By ▲ 1.06 (2.67%)
SYM 14.20 Increased By ▲ 0.02 (0.14%)
TELE 7.28 Decreased By ▼ -0.04 (-0.55%)
TPLP 10.01 Decreased By ▼ -0.01 (-0.1%)
TRG 66.65 Increased By ▲ 0.69 (1.05%)
WAVESAPP 10.13 Decreased By ▼ -0.19 (-1.84%)
WTL 1.32 No Change ▼ 0.00 (0%)
YOUW 3.79 Decreased By ▼ -0.01 (-0.26%)
BR100 12,516 Increased By 159.7 (1.29%)
BR30 37,952 Increased By 532.7 (1.42%)
KSE100 116,901 Increased By 881 (0.76%)
KSE30 35,933 Increased By 326.2 (0.92%)
Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-12-16
Typhoon kills 4 in Philippines, cuts power

Typhoon kills 4 in Philippines, cuts power

Tattered lanterns, festive lights and tin roofs littered towns in the central Philippines on Tuesday after Typhoon Melor swept through, killing at least four people and leaving millions without power ahead of Christmas. Distraught survivors surveyed their
Published 16 Dec, 2015 12:00am
Pakistan test-fires Shaheen 1A missile

Pakistan test-fires Shaheen 1A missile

Pakistan test-fired a ballistic missile capable of carrying a nuclear warhead on Tuesday, its second test in three days and barely a week after the government confirmed it would resume high-level peace talks with India. The test is the latest in a series
Published 16 Dec, 2015 12:00am
Dr Asim's case: SHC adjourns hearing for two weeks

Dr Asim's case: SHC adjourns hearing for two weeks

Sindh High Court (SHC) on Tuesday adjourned the hearing pertaining to Rangers intervention in former federal Minister for Petroleum Dr Asim Hussain's case for two weeks. During the hearing Justice Ahmed Ali Sheikh remarked that Dr Asim is not in Rangers c
Published 16 Dec, 2015 12:00am
External audit for 2014-15: FBR to provide available record to AGP

External audit for 2014-15: FBR to provide available record to AGP

The Federal Board of Revenue (FBR) has shown its commitment to provide all available record of the cases, selected by Auditor General of Pakistan (AGP) for conducting the external audit for 2014-15, which is available with the FBR or obtained by commissio
Published 16 Dec, 2015 12:00am
Shujaat Azeem says wanted to bring 'revolutionary' changes in PIA

Shujaat Azeem says wanted to bring 'revolutionary' changes in PIA

Former Advisor of the Prime Minister on Civil Aviation Shujaat Azeem said his aim was not to earn money out of his position as the advisor, but to bring revolutionary changes in PIA by running it as a private entity. Addressing a press conference on Tuesd
Published 16 Dec, 2015 12:00am
Workshop on Financial Audit Programme for Auditors held

Workshop on Financial Audit Programme for Auditors held

Auditor General of Pakistan and USAID's Office Inspector General organised a two-day workshop on the theme of "Financial Audit Programme for Auditors". The workshop featured speakers from the USAID's team based in Islamabad and the office of the Auditor G
Published 16 Dec, 2015 12:00am
Pak-China relations touching new heights: Shahbaz

Pak-China relations touching new heights: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said Pak-China relations are touching new heights and the bilateral ties between the two countries have strengthened during the tenure of Prime Minister Nawaz Sharif. He was talking to media in Chinese city Zhengzh
Published 16 Dec, 2015 12:00am
Partly Facetious: Owls don't sleep at night

Partly Facetious: Owls don't sleep at night

"You were wrong - Pindi Chaudhry's tirade against the PPP foot dragging on the extension of the Rangers powers has led to the party digging in?"
Published 16 Dec, 2015 12:00am
DIBPL wins 'Best Islamic Retail Bank in Asia' award

DIBPL wins 'Best Islamic Retail Bank in Asia' award

Dubai Islamic Bank Pakistan Limited (DIBPL) one of the fastest growing Islamic banks in Pakistan has been awarded "Best Islamic Retail Bank in Asia" by the CPI Financial in Dubai, UAE. DIBPL was given the Best Islamic Retail Bank in Asia award for the ban
Published 16 Dec, 2015 12:00am
Double taxation issue: meeting with FBR chief next week: SRB

Double taxation issue: meeting with FBR chief next week: SRB

Chairman Sindh Revenue Board of (SRB) Tashfeen Khalid Niaz has told the business community that a meeting has been arranged with the Chairman Federal Board of Revenue (FBR) on the issue of double taxation. He was talking to media men after meeting with me
Published 16 Dec, 2015 12:00am
IoBM, Macquarie university sign MoU

IoBM, Macquarie university sign MoU

A Memorandum of Understanding (MoU) between Institute of Business Management (IoBM) and Macquarie University, Australia is singed to promote education and academic collaboration in between these two prestigious universities. According to the MoU, IoBM and
Published 16 Dec, 2015 12:00am
EFS starts donation drive to support OOSC

EFS starts donation drive to support OOSC

After enrolling more than 120,000 out of school children in school across Sindh, Education Fund for Sindh (EFS) has started its donation drive to support its mission. EFS organised its awareness and fundraising drive at three different venues, Forum Mall,
Published 16 Dec, 2015 12:00am
Hascol's retail fuel facility inaugurated at M-2 Islamabad

Hascol's retail fuel facility inaugurated at M-2 Islamabad

Lieutenant General Khalid Asghar, Engineer-in-Chief, (Pakistan Army) inaugurated Hascol's newly-reconstructed and contemporary fuel retail facility at Chakri South on the Islamabad-Lahore Motorway (M-2) here on December 14 2015 in an extravagant ceremony.
Published 16 Dec, 2015 12:00am
PPL announces gas discovery in Matiari

PPL announces gas discovery in Matiari

Pakistan Petroleum Limited (PPL) has announced another gas discovery at its exploration well Hatim X-1 located in District Matiari, Sindh. PPL is the operator of Gambat South Block with 65 percent working interest (WI) along with its joint venture partner
Published 16 Dec, 2015 12:00am
UBL joins hands with Teradata to implement integrated data warehouse

UBL joins hands with Teradata to implement integrated data warehouse

Teradata Corporation, the big data analytics and marketing applications company, recently announced that United Bank Limited (UBL) has selected the company's Data Warehouse and Teradata Value Analyzer for its Customer Profitability project. UBL is one of
Published 16 Dec, 2015 12:00am
Reckitt Benckiser, Plan International collaborate to design new approach

Reckitt Benckiser, Plan International collaborate to design new approach

Reckitt Benckiser (RB), manufacturers of Dettol, and Plan International Pakistan, a developmental sector organisation, have collaborated to design and test a new approach to reduce the incidence of diarrhoea amongst under-five children by improving the he
Published 16 Dec, 2015 12:00am
Tribute to martyrs of APS: TCF, 141 schools.org start peace initiative

Tribute to martyrs of APS: TCF, 141 schools.org start peace initiative

The Citizens Foundation (TCF), in partnership with 141schools.org, started the 141 Schools for Peace initiative to pay tribute to the martyrs of Army Public School (APS) attack. 23 of these 141 schools have been successfully built in loving memory of the
Published 16 Dec, 2015 12:00am
Security agencies' achievements after APS attack

Security agencies' achievements after APS attack

As many as 148,900 suspects have been detained during 14,666 operations and 52,000 snap-checking under the National Action Plan (NAP) in Khyber Pakhtunkhwa one year after Taliban's cowardly attack on Army Public School (APS) in Peshawar, a police reported
Published 16 Dec, 2015 12:00am
Sacrifices of martyred children unforgettable: Shahbaz

Sacrifices of martyred children unforgettable: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the beasts committed worst brutality by killing innocent children studying in Army Public School, Peshawar on December 16. He said that brutal terrorists made the educational institution of innoc
Published 16 Dec, 2015 12:00am
All those who signed NAP answerable to nation: Qadri

All those who signed NAP answerable to nation: Qadri

All those who signed the National Action Plan, including the federation, Pakistan Armed Forces and politicians, are today answerable before the whole nation as to what happened and why has the NAP not been implemented in letter and spirit and what action
Published 16 Dec, 2015 12:00am
APS massacre: It's an unforgettable trauma

APS massacre: It's an unforgettable trauma

It began like any other morning in Peshawar's Army Public School. Students were busy with their books while teachers delivered lectures. In an instant, guns hushed the peace, smoke and bodies strewn across the school's halls and corridors, with crazed ter
Published 16 Dec, 2015 12:00am
UAF students pay tribute to martyrs of APS

UAF students pay tribute to martyrs of APS

The promotion of education, especially in the under-privileged areas, works as weapon against terrorism and darkness of the society, said University of Agriculture Faisalabad Vice Chancellor Professor Dr Iqrar Ahmad Khan. He was talking to the students of
Published 16 Dec, 2015 12:00am
Resilient student determined to motivate the entire world

Resilient student determined to motivate the entire world

A 14-year-old boy Waleed Khan, who survived after hitting by eight gun shots from terrorists in Army Public School (APS) Peshawar attack, is still determined and courageous to motivate the entire world. Waleed said, while talking to this scribe that he wa
Published 16 Dec, 2015 12:00am
Government borrows Rs 117 billion from Islamic banking system

Government borrows Rs 117 billion from Islamic banking system

The federal government on Tuesday successfully borrowed Rs 117 billion from Islamic Banking Industry at a lower margin rate. Auction for the sale of three-year Government of Pakistan Ijara Sukuk was conducted by the State Bank of Pakistan (SBP) through de
Published 16 Dec, 2015 12:00am
Rangers' stay APOTOA threatens to hold demo near Bilawal House

Rangers' stay APOTOA threatens to hold demo near Bilawal House

All Pakistan Oil Tanker Owners' Association (APOTOA) on Tuesday threatened Sindh government to hold protest demonstration in front of Bilawal House, if it did not extend the Rangers' policing powers immediately. "Rangers have done a good job in restoratio
Published 16 Dec, 2015 12:00am
PAC directs AGP to conduct PTCL's audit

PAC directs AGP to conduct PTCL's audit

Public Accounts Committee (PAC) expressing its utter displeasure over non-realisation of $800 million remaining amount out of privatisation proceeds of Pakistan Telecommunication Company Limited (PTCL) has directed the Auditor General of Pakistan (AGP) to
Published 16 Dec, 2015 12:00am
Auto sector: existing players link new investment to incentives

Auto sector: existing players link new investment to incentives

The existing Japanese cars assemblers have reportedly started offering new investment plans and the introduction of new models with a view to getting incentives at par with new investors that are being considered in new upcoming auto policy, informed sour
Published 16 Dec, 2015 12:00am
2007-2008: PAC body reviews audit objections

2007-2008: PAC body reviews audit objections

Chairman Federal Board of Revenue (FBR) Nisar Muhammad Khan has informed the sub-committee of the Public Accounts Committee (PAC) that the FBR has recovered an amount of Rs 161.954 million from taxpayers pertaining to refund-related audit objections of 20
Published 16 Dec, 2015 12:00am
Super Tax, manual returns: FBR moves SC against SHC judgement

Super Tax, manual returns: FBR moves SC against SHC judgement

The Federal Board of Revenue (FBR) has filed a petition with the Supreme Court of Pakistan against the judgment of Sindh High Court (SHC) which allowed taxpayers to file their returns manually and stopped the FBR from taking any measure to recover the amo
Published 16 Dec, 2015 12:00am
Unilever announces semi-finalists for UTH

Unilever announces semi-finalists for UTH

Unilever has announced the semi-finalists for the Unilever Talent Hunt (UTH) 2015, Pakistan's largest talent hunt program. A total of thirteen teams have been finalised for the second round of the competition, who will compete against each other for the c
Published 16 Dec, 2015 12:00am
Six held with arms in Mansehra

Six held with arms in Mansehra

The police arrested six culprits including five notorious robbers and a car lifter besides recovering arms and snatched car during separate actions. Addressing a press conference here on Tuesday, DPO Mansehra, Ahsan Ahsan Saifullah said that the police co
Published 16 Dec, 2015 12:00am
Call to end cruelty against peasants in Sindh

Call to end cruelty against peasants in Sindh

Lawyers, rights activists and civil society members expressed concerns that despite existing peasant-related laws, the families of poor agricultures workforce are paying huge cost of negligence by the Sindh government. They pointed out that those daring f
Published 16 Dec, 2015 12:00am
Pakistan, Tajikistan hold talks on Air Services agreement

Pakistan, Tajikistan hold talks on Air Services agreement

The delegations of Republic Of Tajikistan and Pakistan met in Islamabad on Tuesday to discuss matters pertaining to Bilateral Air Services Agreement (ASA) between the two countries. Tajikistan delegation informed that they wish to start direct flights fro
Published 16 Dec, 2015 12:00am
Rangers: Khuhro to move resolution today

Rangers: Khuhro to move resolution today

Sindh Education Minister Nisar Khuhro has announced to move a resolution regarding Rangers' extension in stay and policing powers on Wednesday. The minister vowed to present the much awaited and talked about resolution tomorrow (Wednesday). He made an app
Published 16 Dec, 2015 12:00am
Ayyan plea: customs officials to respond till December 22

Ayyan plea: customs officials to respond till December 22

Customs officials have received a December 22 deadline to respond to a criminal revision filed by 23-year-old supermodel Ayyan Ali challenging her indictment in a money laundering case. On Tuesday, the supermodel's counsel appearing in the Lahore High Cou
Published 16 Dec, 2015 12:00am
Sugarcane prices may be deregulated from next year

Sugarcane prices may be deregulated from next year

The federal government is likely to deregulate sugarcane prices from next year after approval of the cabinet and due consultation with the provinces, well informed sources told Business Recorder. The issue was discussed by the Economic Co-ordinatio
Published 16 Dec, 2015 12:00am
Government yet to implement civil service reforms

Government yet to implement civil service reforms

Pakistan Muslim League-Nawaz (PML-N) government could not implement the civil services reforms, proposed by Ministry of Planning, Development and Reforms. A comprehensive draft of recommendations had been jointly prepared by the Establishment Division (ED
Published 16 Dec, 2015 12:00am
SECP takes initiative to suggest reforms in Partnership Act 1932

SECP takes initiative to suggest reforms in Partnership Act 1932

The Securities and Exchange Commission of Pakistan (SECP) as a part of its initiative to review the corporate laws administered by it has taken a lead also to suggest reforms to the Partnership Act, 1932 (Act). The Chairman SECP Zafar Hijazi for the purpo
Published 16 Dec, 2015 12:00am
KCCI President inaugurates Build Asia exhibition

KCCI President inaugurates Build Asia exhibition

Karachi Chamber of Commerce and Industry (KCCI) President Younas M Bashir on Tuesday inaugurated '11th Build Asia - International Building & Construction Industry Exhibition' here at the Expo Centre. Speaking at the event, he said that the construction in
Published 16 Dec, 2015 12:00am
Attack on military police: sketches of suspected terrorist released

Attack on military police: sketches of suspected terrorist released

In a latest development in probe of attack on military police in Karachi, the investigation team has released two sketches of a suspected terrorist on Tuesday. According to sources, the two suspects were seen in Lines Area half hour before the attack on m
Published 16 Dec, 2015 12:00am
Ajman Free Zone Authority opens office in Karachi

Ajman Free Zone Authority opens office in Karachi

Ajman Free Zone Authority has established its official presence in Pakistan by opening an office in Karachi. The new office is in line with Ajman Free Zone's global expansion plan after the opening of offices in India, Dubai and Manchester. Emirates Expre
Published 16 Dec, 2015 12:00am
JPMC arranges symposium on 'Ethics in Pharma Industry'

JPMC arranges symposium on 'Ethics in Pharma Industry'

'Government must ensure that we have the checks and balances for the provision of quality medicines to the patients'. Chairman of the Pharma Bureau Arshad Hussain said this while addressing the medical symposium of JPMC on "Ethics in The Pharma and Health
Published 16 Dec, 2015 12:00am
Kinnow production likely to fall 15 percent this season

Kinnow production likely to fall 15 percent this season

Domestic Kinnow production is expected to fall 15 percent to 1.65 million tons during this season due the climatic hazards and unfavourable weather conditions. Although, Pakistan has started Kinnow exports from December 1, 2015; however significant drop i
Published 16 Dec, 2015 12:00am
Privatisation of PIA: JACPIAE threatens to suspend operations

Privatisation of PIA: JACPIAE threatens to suspend operations

The Joint Action Committee of PIA Employees (JACPIAE) on Tuesday threatened to suspend all operations for 24 hours, if the management did not annul its privatisation plan. The committee announced to stage a protest on daily basis till the acceptance of it
Published 16 Dec, 2015 12:00am
Renovated complex of Defence Central Library inaugurated

Renovated complex of Defence Central Library inaugurated

Administrator Defence Housing Authority (DHA) Brigadier Zubair Ahmed has inaugurated newly renovated library complex of Defence Central Library, here on Tuesday. Addressing the inauguration ceremony, Brigadier Zubair said DHA always gave importance to dis
Published 16 Dec, 2015 12:00am
Shujaat greets office-holders of EMRA

Shujaat greets office-holders of EMRA

Leaders of the Pakistan Muslim League-Quaid-e-Azam have congratulated newly elected office-holders of the Electronic Media Reporters Association (EMRA). The leaders were party President Chaudhry Shujat Hussain and senior leaders Chaudhry Parvez Elahi and
Published 16 Dec, 2015 12:00am
SBP Governor unveils 'Access to Finance Survey 2015' results

SBP Governor unveils 'Access to Finance Survey 2015' results

State Bank of Pakistan (SBP) has launched 'Access to Finance (A2F) Survey 2015' results on Tuesday, in Karachi. Governor SBP Ashraf Mahmood Wathra while speaking at the launching ceremony said 'A2F is part of the National Financial Inclusion vision as it
Published 16 Dec, 2015 12:00am
Japan grants Rs 9.2 million to Sukkur Blood & Drug Donating Society

Japan grants Rs 9.2 million to Sukkur Blood & Drug Donating Society

The government of Japan extended a grant of $90,514 (approximately Rs 9.2 million) to Sukkur Blood and Drug Donating Society for "The Project for the Provision of Medical Equipment for Mother and Child Health Care to Sukkur Hospital in Sukkur" under its G
Published 16 Dec, 2015 12:00am
Meezan Bank Limited

Meezan Bank Limited

Meezan Bank Limited (KSE: MEBL) is the pioneer when it comes to Islamic banking and finance in Pakistan. On top of being the largest provider of Islamic banking services in the country, Meezan's growth in recent years trumps that of most conventional bank
Published 16 Dec, 2015 12:00am
Meezan Bank Limited

Meezan Bank Limited

Meezan Bank Limited (KSE: MEBL) is the pioneer when it comes to Islamic banking and finance in Pakistan. On top of being the largest provider of Islamic banking services in the country, Meezan's growth in recent years trumps that of most conventional bank
Published 16 Dec, 2015 12:00am
Babar calls for appointment of civilian as NSA

Babar calls for appointment of civilian as NSA

Senator Farhatullah Babar Tuesday called for the appointment of a civilian as national security advisor instead of a recently retired lieutenant general, saying an important position in a democratic set-p should reflect the civilian government's prioritie
Published 16 Dec, 2015 12:00am
TAPI pipeline to help overcome 70 percent gas shortfall: Abbasi

TAPI pipeline to help overcome 70 percent gas shortfall: Abbasi

Federal Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi, has said that the Turkmenistan- Afghanistan-Pakistan-India (TAPI) pipeline project will bring 3.2 Billion Cubic Feet Gas per Day (BCFD) of gas to energy deficit nations and it wou
Published 16 Dec, 2015 12:00am
US defence chief urges more anti-IS action from Turkey

US defence chief urges more anti-IS action from Turkey

US Defence Secretary Ashton Carter on Tuesday visited the Turkish air base near Syria that has become a key hub for American-led air raids against Islamic State jihadists, urging Ankara to play a more active role in the coalition. Turkey earlier this year
Published 16 Dec, 2015 12:00am
Bomb blast kills three in Turkey

Bomb blast kills three in Turkey

A roadside bomb ripped through an armoured vehicle and killed three policemen in south-east Turkey on Tuesday, hours after Ankara pledged to prevent Kurdish militants from "spreading the fire" from Syria and Iraq into the country. Five police officers wer
Published 16 Dec, 2015 12:00am
South Korean tycoon jailed for fraud, tax evasion

South Korean tycoon jailed for fraud, tax evasion

Ailing South Korean business tycoon Lee Jay-Hyun was sentenced to two and a half years in prison Tuesday, following a court review of his trial on charges ranging from embezzlement to tax evasion. Lee, the head of the South Korean food and entertainment g
Published 16 Dec, 2015 12:00am
British astronaut travels to ISS as country cheers debut trip

British astronaut travels to ISS as country cheers debut trip

Tim Peake, the first British astronaut to travel to the International Space Station, blasted off on Tuesday from the Baikonur cosmodrome with two other spacemen, to cheers and excitement back home. eake, 43, joins Russian space veteran Yury Malenchenko an
Published 16 Dec, 2015 12:00am
Arctic air temps highest since 1900

Arctic air temps highest since 1900

The Arctic is heating up, with air temperatures the hottest in 115 years, and the melting ice destroying walrus habitat and forcing some fish northward, a global scientific report said Tuesday. Air temperature anomalies over land were 2.3 degrees Fahrenhe
Published 16 Dec, 2015 12:00am
34 dead in suspected Russia raids on two Syria markets

34 dead in suspected Russia raids on two Syria markets

At least 34 civilians were killed on Tuesday in suspected Russian air strikes on two markets in northern Syyria, a monitoring group said. The raids killed 16 civilians at a market for fuel in Idlib province, the Syrian Observatory for Human Rights said. A
Published 16 Dec, 2015 12:00am
IAEA board 'closes' Iran nuclear bomb probe

IAEA board 'closes' Iran nuclear bomb probe

The UN atomic watchdog's board Tuesday drew a line under a long-running probe into Iran's past efforts to develop nuclear weapons, removing an important obstacle to implementing July's landmark deal with big powers. A resolution approved by the Internatio
Published 16 Dec, 2015 12:00am
Gold struggles in Asia

Gold struggles in Asia

Gold was hurting from overnight losses on Tuesday and the metal looked vulnerable to a drop back to multi-year lows on expectations of a US rate hike later this week. Gold has already slid 10 percent for the year, its third straight annual decline, in ant
Published 16 Dec, 2015 12:00am
Russia issues first national payment card

Russia issues first national payment card

Russian banks on Tuesday began to issue the first national payment card as an alternative to Visa and Mastercard, an idea championed after Western sanctions left some consumers unable to make card purchases. The "Mir" card - a name that could be translate
Published 16 Dec, 2015 12:00am
African Development Bank approves $1.5 billion loan to Egypt

African Development Bank approves $1.5 billion loan to Egypt

The African Development Bank (AfDB) has approved a $1.5 billion loan to Egypt to be paid out over three years, International Cooperation Minister Sahar Nasr told Reuters on Tuesday. The first $500 million of the loan will arrive within days, said Nasr, an
Published 16 Dec, 2015 12:00am
Enel to sell Slovakia's top power company to Czechs

Enel to sell Slovakia's top power company to Czechs

Italian energy giant Enel plans to sell its 66-percent stake in Slovakia's top power company Slovenske elektrarne (SE) to Prague-based energy group EPH, following a deal confirmed by company officials Tuesday. "I can confirm we have reached agreement with
Published 16 Dec, 2015 12:00am
German investor sentiment robust at year-end

German investor sentiment robust at year-end

Investor sentiment in Germany is still on the increase, amid confidence that Europe's biggest economy is robust enough to withstand the refugee crisis and the economic slowdown in China, a leading survey said Tuesday. The investor confidence index calcula
Published 16 Dec, 2015 12:00am
Fires cost Indonesia $16 billion, twice the tsunami bill: World Bank

Fires cost Indonesia $16 billion, twice the tsunami bill: World Bank

Indonesia's economy took a $16-billion hit this year from forest fires that cloaked Southeast Asia in haze, more than double the sum spent on rebuilding Aceh after the 2004 tsunami, the World Bank said Tuesday. The fires and resulting haze are an annual o
Published 16 Dec, 2015 12:00am
Australia budget deficit blows out on commodity price hit

Australia budget deficit blows out on commodity price hit

Slumping commodity prices and lower tax receipts will see Australia's budget deficit balloon to Aus$37.4 billion (US $27.2 billion) this year, Treasurer Scott Morrison said Tuesday as he downgraded economic growth forecasts. Australia's resources-driven e
Published 16 Dec, 2015 12:00am
Female billionaires on the rise thanks to Asian businesswomen

Female billionaires on the rise thanks to Asian businesswomen

The number of women among the world's billionaires has risen faster over the past two decades than that of men, mostly thanks to Asian female entrepreneurs, a study published Tuesday showed. There were 145 female billionaires in the world at the end of 20
Published 16 Dec, 2015 12:00am
Mongolia's giant Oyu Tolgoi mine gets $4 billion financing

Mongolia's giant Oyu Tolgoi mine gets $4 billion financing

Anglo-Australian mining giant Rio Tinto secured a multi-billion deal Tuesday to finance a huge expansion of its giant but controversial Oyu Tolgoi mine in Mongolia, the focus of rising resource nationalism. Oyu Tolgoi signed the $4.4 billion deal in the M
Published 16 Dec, 2015 12:00am
Steadily firming US inflation supports Fed rate hike

Steadily firming US inflation supports Fed rate hike

Underlying US inflation pressures rose in November, which could give the Federal Reserve more confidence to raise interest rates on Wednesday, even as renewed weakness in gasoline prices kept overall consumer prices in check. The Labour Department said on
Published 16 Dec, 2015 12:00am
British inflation turns positive

British inflation turns positive

Britain's annual inflation rate rebounded slightly in November after two months in negative territory, aided by smaller-than-expected falls in the prices of alcoholic drinks, tobacco and transport. The 12-month Consumer Price Index (CPI) rose by 0.1 perce
Published 16 Dec, 2015 12:00am
Thai cabinet approves $2.77 billion infrastructure fund

Thai cabinet approves $2.77 billion infrastructure fund

Thailand's cabinet approved on Tuesday a plan to set up an infrastructure fund worth 100 billion baht ($2.77 billion), as the military government ramps up investment projects to help boost a sputtering economy. The army seized power in May 2014 to end mon
Published 16 Dec, 2015 12:00am
Thai cabinet approves $2.77 billion infrastructure fund

Thai cabinet approves $2.77 billion infrastructure fund

Thailand's cabinet approved on Tuesday a plan to set up an infrastructure fund worth 100 billion baht ($2.77 billion), as the military government ramps up investment projects to help boost a sputtering economy. The army seized power in May 2014 to end mon
Published 16 Dec, 2015 12:00am
China's net FX selling at $34.3 billion in November
Currency

China's net FX selling at $34.3 billion in November

China's central bank and commercial banks sold a net 221.3 billion yuan ($34.3 billion) worth of foreign exchange in November, data showed on Tuesday, reversing October's net buying amid signs of intensifying capital outflows. The market expects the centr
Published 16 Dec, 2015 12:00am
South Sudan shifts to floating exchange rate
Currency

South Sudan shifts to floating exchange rate

South Sudan abandoned its official fixed exchange rate and moved to a floating rate on Tuesday, Finance Minister David Deng Athorbei said. The central bank had held onto a fixed official rate of 2.95 South Sudanese pounds per dollar even as the currency f
Published 16 Dec, 2015 12:00am
Norway's oil investments seen falling further next year

Norway's oil investments seen falling further next year

Norway's oil and gas investments, a cornerstone of the country's economy, are set to fall more than previously predicted next year, due to a sharp decline in exploration spending, data from Statistics Norway (SSB) showed on Tuesday. Oil and gas firms have
Published 16 Dec, 2015 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold steadied on Tuesday, arresting the previous day's one percent slide ahead of this week's meeting of the US Federal Reserve, which is expected to raise interest rates for the first time in nearly a decade. Gold has fallen 10 percent this year, largely
Published 16 Dec, 2015 12:00am
Oil up three percent; covering support stops slide to 11-year low

Oil up three percent; covering support stops slide to 11-year low

Oil rose 3 percent on Tuesday as short-covering and technical support halted its slide to 11-year lows, but traders said the market remained fundamentally weak from oversupply and could be hit by a dollar rally ahead of an expected US interest rate hike.
Published 16 Dec, 2015 12:00am
EU wheat hits near three-month low
Currency

EU wheat hits near three-month low

European wheat futures slipped to their lowest in nearly three months on Monday, as a higher euro and the prospect of export competition from Argentina reinforced bearish sentiment about large stocks. Prices later steadied, however, with help from a bounc
Published 16 Dec, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 164,430 tonnes of cargo comprising 126,395 tonnes of import cargo and 38,035 tonnes of export cargo including 5,894 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 12
Published 16 Dec, 2015 12:00am
Cotton market: trading activity improves on short crop report
Cotton

Cotton market: trading activity improves on short crop report

Trading activity improved on the cotton market on Tuesday following the reports of fall in production, dealers said. The official spot rate was unchanged at Rs 5,250, dealers said. In Sindh, seed cotton prices were at Rs 2200 and Rs 2900 and in the Punjab
Published 16 Dec, 2015 12:00am
Lean business on grain market
Cotton

Lean business on grain market

Not much business activity was witnessed on the wholesale grain market on Tuesday in the process of trading, dealer said. On the cereals side, Gur low type was down by Rs 200 to Rs 5800 and the good quality was lower by Rs 300 to Rs 6200, they said.
Published 16 Dec, 2015 12:00am
Cotton falls for third straight session as buyers hold out
Cotton

Cotton falls for third straight session as buyers hold out

Cotton futures fell for the third straight session on Monday, touching nearly a two-week low as prices on the upper end of a recent trading range continued to deter buyers, who held out for further dips. "We were overbought and we're kind of regathering o
Published 16 Dec, 2015 12:00am
Shanghai copper drops

Shanghai copper drops

Shanghai Futures Exchange copper dropped by 1.2 percent to 35,620 yuan ($5,513) a tonne on Tuesday ahead of the Federal Reserve's crucial policy meeting this week, however, hopes for demand growth in top consumer China put a floor under prices. Prices hav
Published 16 Dec, 2015 12:00am
Copper descends

Copper descends

Copper hit a week low on Tuesday as the dollar rallied and investors feared the first US interest rate rise in nearly a decade could trigger a default among highly leveraged miners. The dollar firmed after data showed US inflation pressures rose in Novemb
Published 16 Dec, 2015 12:00am
Sugar rises
Currency

Sugar rises

Raw sugar futures on ICE rallied 3 percent on Tuesday, supported by a recovery in oil and a forecast for a widening global deficit, while arabica coffee steadied along with top grower Brazil's currency. Cocoa prices fell, with the New York market pressure
Published 16 Dec, 2015 12:00am
Palm oil posts biggest drop since September 30
Vegetable Oil

Palm oil posts biggest drop since September 30

Malaysian palm oil futures posted their sharpest fall in two-and-a-half months on Tuesday after cargo surveyor data showed little signs of improvement in exports. The February benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange ended ne
Published 16 Dec, 2015 12:00am
Previous Day
⇧