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Print - 2016-01-08
NAB asked to tell whether any inquiry under way against Sharjeel

NAB asked to tell whether any inquiry under way against Sharjeel

The Sindh High Court (SHC) on Thursday directed National Accountability Bureau (NAB) to inform it whether any inquiry is under way in NAB or Federal Investigation Agency (FIA) against Pakistan People's Party (PPP) leader Sharjeel Inam Memon. The SHC bench
Published 08 Jan, 2016 12:00am
Karachi operation, CPEC bolstering investors' trust: World Bank

Karachi operation, CPEC bolstering investors' trust: World Bank

Macroeconomic adjustments in Pakistan and efforts to crack down on violent crime in the country's industrial and commercial hub of Karachi are supporting investors' confidence, the World Bank said in its latest report while projecting the economic growth
Published 08 Jan, 2016 12:00am
Karachi operation, CPEC bolstering investors' trust: World Bank

Karachi operation, CPEC bolstering investors' trust: World Bank

Macroeconomic adjustments in Pakistan and efforts to crack down on violent crime in the country's industrial and commercial hub of Karachi are supporting investors' confidence, the World Bank said in its latest report while projecting the economic growth
Published 08 Jan, 2016 12:00am
PFMA calls meeting on January 13

PFMA calls meeting on January 13

Pakistan Flour Mills Association (PFMA) Punjab has convened a meeting of its executive committee in Lahore on January 13, 2016 to review the situation and chalk out a future line of action to press the government for a downward revision of wheat prices.
Published 08 Jan, 2016 12:00am
Dr Bari Khan gets first Chacha Younas Award

Dr Bari Khan gets first Chacha Younas Award

A Karachi-based philanthropist from Peshawar city, Dr Abdul Bari Khan, Chief Executive Officer of the Indus Hospital was awarded the first Chacha Younas Award in recognition of his services to the health sector. The award was given during a special ceremo
Published 08 Jan, 2016 12:00am
CM distributes laptops among Balochistan students, teachers

CM distributes laptops among Balochistan students, teachers

A delegation of Government Degree College Khuzdar Balochistan's students which is on a visit to Punjab met Chief Minister Muhammad Shahbaz Sharif, here on Thursday. The chief minister gave away laptops to students and their teachers on behalf of the Punja
Published 08 Jan, 2016 12:00am
PSC approves new varieties of crops
Cotton

PSC approves new varieties of crops

Punjab Seed Council (PSC) on Thursday approved nine new varieties of different crops including three maize varieties and one variety each of wheat, green pea, ground nut, sorghum, seedless kinnow, mong beans and canola. The Council also asked for submitti
Published 08 Jan, 2016 12:00am
Injured man recovered from kidnappers

Injured man recovered from kidnappers

The city police claimed that they managed to recover an injured man whose abductors had sewn his lips with a metal wire. The injured man, Ali Adil, was allegedly kidnapped at Sangla Hill on January 3. His wife had identified three men she identified Aziz,
Published 08 Jan, 2016 12:00am
Civil society to protest against Orange Line project

Civil society to protest against Orange Line project

The civil society has announced to stage a protest against the controversial Orange Line project outside the GPO Chowk on the Mall on January 15. It will be the first line of the Lahore Metro, which is the country's first mass rapid transit train system.
Published 08 Jan, 2016 12:00am
PDWP approves four uplift schemes

PDWP approves four uplift schemes

Punjab Provincial Development Working Party (PDWP) approved four development schemes of various development sectors with an estimated cost of Rs 1393.93 million on Thursday. These schemes were approved in the 22nd meeting of PDWP of current fiscal year 20
Published 08 Jan, 2016 12:00am
Five cases of influenza reported in Multan

Five cases of influenza reported in Multan

There were confirmed reports of 19 cases of two types H1, N1 of influenza last year with two deaths, while five cases have been reported at the Nishter Hospital in Multan this year where a pregnant woman died. The confirmation came from Health Director Ge
Published 08 Jan, 2016 12:00am
PPP to play vibrant opposition's role: Wattoo

PPP to play vibrant opposition's role: Wattoo

PPP Punjab President Manzoor Wattoo said the party has decided to play the role of a vibrant opposition. He said he had asked Bilawal to constitute his team and spend some time in Punjab. Wattoo said those raising slogans of "Naya Pakistan" must remember
Published 08 Jan, 2016 12:00am
PC hotel fully operational after fire incident

PC hotel fully operational after fire incident

Tuesday, soon after midnight, a fire broke out in one of the offices in the basement of the Pearl Continental Rawalpindi. The Fire brigade and Rescue 1122 were called immediately and soon the fire was contained and extinguished. However, due to the smoke
Published 08 Jan, 2016 12:00am
Tax returns: Date extended

Tax returns: Date extended

The last date for filing of returns by companies whose tax year ends on any date between January 1, 2015 to June 30, 2015 has been extended to January 21, 2016.
Published 08 Jan, 2016 12:00am
AMOF KP, Fata demand one-step promotion and time-scale

AMOF KP, Fata demand one-step promotion and time-scale

The All Medical Officers Forum (AMOF) Khyber Pakhtunkhwa and Fata has demanded of the provincial government to one-step promotion and time-scale of doctors, besides, to ensure best healthcare facilities at major teaching hospital and periphery health unit
Published 08 Jan, 2016 12:00am
'Mobilink m-Literacy project bearing fruit'

'Mobilink m-Literacy project bearing fruit'

Mobilink Foundation, under its 'Make Your Mark' initiative has teamed up with The Institute of Social and Policy Sciences (I-SAPS) and Guarant Co for 'SMS-based Adult Female Literacy Programme', which is enabling learners to receive ICT based education in
Published 08 Jan, 2016 12:00am
China to help develop Pakistan hydropower project

China to help develop Pakistan hydropower project

China Three Gorges Corporation (CTGC), the state-owned hydropower developer, has won the right to develop a hydropower project in Pakistan, CTGC announced on Thursday. The Kohala Hydropower Project, the firm's biggest investment in the Pakistani hydropowe
Published 08 Jan, 2016 12:00am
Voters: various aspects of biometric verification discussed

Voters: various aspects of biometric verification discussed

Minister of State for Information Technology Anusha Rahman Khan discussed various aspects of biometric verification of the voters at a joint meeting with Election Commission and NADRA where various vendors specializing in developing biometric solutions al
Published 08 Jan, 2016 12:00am
Comments on Business Recorder editorial

Comments on Business Recorder editorial

This is apropos an editorial carried by Business Recorder on 28th December. According to finance Division, public debt-to-GDP ratio was 63.8 percent at the end of June 2014 and it came down to 63.5 percent at the end of June 2015 against the ratio
Published 08 Jan, 2016 12:00am
NAP being strictly implemented in Mardan: DPO

NAP being strictly implemented in Mardan: DPO

District Police Officer (DPO), Faisal Shahzad has said that National Action Plan (NAP) is strictly implemented in district Mardan. "Only police force could not control terrorism and militancy as there is dire need that all the federal and provincial insti
Published 08 Jan, 2016 12:00am
PC gets three global awards in 2015
Exchange

PC gets three global awards in 2015

The Privatization Commission has made a hat-trick, as it has been awarded with three international awards in 2015 in recognition of its transactional work on the divestment of GoP shareholding in HBL and ABL. The awards have been awarded by The Asset, one
Published 08 Jan, 2016 12:00am
SECP registers seven companies as book runners
Exchange

SECP registers seven companies as book runners

The Securities and Exchange Commission of Pakistan (SECP) registered seven companies as book runners under the Book Building Regulations, 2015, promulgated in accordance with Securities Act 2015. All the seven registered book runners are corporate brokera
Published 08 Jan, 2016 12:00am
Work on sixth STG plan to be completed by June: minister

Work on sixth STG plan to be completed by June: minister

Minister of State for Parliamentary Affairs Shaikh Aftab Ahmad has said that the work on 6th Secondary Transmission Grid (STG) plan would be completed by June this year. Responding to a calling Attention Notice moved by Sher Akbar Khan of Jamaat-e-Islami
Published 08 Jan, 2016 12:00am
UHS board reviews thesis reports, synopses

UHS board reviews thesis reports, synopses

The 109th meeting of the Advanced Studies and Research Board of the University of Health Sciences held on Thursday, with Vice Chancellor Professor Muhammad Aslam in the chair to review a string of thesis reports.
Published 08 Jan, 2016 12:00am
PPCBL advances Rs 1.48 billion loans
Cotton

PPCBL advances Rs 1.48 billion loans

The Punjab Provincial Cooperative Bank Ltd (PPCBL) advanced Rs 1.48 billion agriculture loans for sowing, growing and maturing Rabbi crops including strategic wheat, grams, lentils oil-seeds, maze, vegetables and fodder for livestock till 31st December 20
Published 08 Jan, 2016 12:00am
PPCBL advances Rs 1.48 billion loans
Cotton

PPCBL advances Rs 1.48 billion loans

The Punjab Provincial Cooperative Bank Ltd (PPCBL) advanced Rs 1.48 billion agriculture loans for sowing, growing and maturing Rabbi crops including strategic wheat, grams, lentils oil-seeds, maze, vegetables and fodder for livestock till 31st December 20
Published 08 Jan, 2016 12:00am
Water needs of Quetta, adjoining areas to be met through Mangi Dam

Water needs of Quetta, adjoining areas to be met through Mangi Dam

Mangi Dam and Water Conveyance System project at an estimated cost Rs 9.85 billion would be launched in order to meet water supply requirement of Quetta city and adjoining areas. According to sources, the Ministry of Water and Power prepared the PC-1 of t
Published 08 Jan, 2016 12:00am
Rs 1.114 billion approved for uplift projects in Capital

Rs 1.114 billion approved for uplift projects in Capital

Capital Development Authority - Development Working Party (CDA-DWP) has approved Rs 1.114 billion for the development projects in the federal capital of Pakistan. During the 38th meeting of CDA-DWP, presided over by Chairman CDA Maroof Afzal, many mega pr
Published 08 Jan, 2016 12:00am
Hunting of Houbara bustard case: SC adjourns hearing till today

Hunting of Houbara bustard case: SC adjourns hearing till today

Advancing his argument Thursday in review petitions filed against the Supreme Court decision to impose ban on hunting of Houbara bustard in the country, the Sindh government's counsel Farooq H Naek contended that the verdict was un-implementable. A five-m
Published 08 Jan, 2016 12:00am
'No polio cases in Rajanpur'

'No polio cases in Rajanpur'

A Punjab Health Department spokesman has rubbished a string of media claims of polio in the province, claiming that there are no polio cases in Rojhan Tehsil in Rajanpur District. The department's counter-claim came in response to a news report that point
Published 08 Jan, 2016 12:00am
Saudi Arabia & Iran: Jamaat-e-Islami concerned over escalating tensions

Saudi Arabia & Iran: Jamaat-e-Islami concerned over escalating tensions

Acting Ameer of the Jamaat-e-Islami, Liaquat Baloch, has said that the escalating tension between Saudi Arabia and Iran could spread over to other countries as Shia-Sunni conflict and Pakistan won't be safe from that. He has appealed to Prime Minister Naw
Published 08 Jan, 2016 12:00am
TEVTA to give 40,000 jobs to pass-outs this year

TEVTA to give 40,000 jobs to pass-outs this year

The chief of Technical and Vocational Training Authority (TEVTA) said, it is generating 40,000 jobs to its pass-outs this year. Irfan Qaiser Sheikh during a parade ceremony of 1,200 pass-outs of three-month light transport vehicle driving course said, "Mo
Published 08 Jan, 2016 12:00am
'LGH converted into patients' lover hospital'

'LGH converted into patients' lover hospital'

The Lahore General Hospital (LGH) has been converted into "a patients' lover hospital" following further attempts to offer the public better healthcare. Briefing on the performance and services during the previous year, Principal Professor Doctor Khalid M
Published 08 Jan, 2016 12:00am
Dar discusses exports to EU with envoy
Exchange

Dar discusses exports to EU with envoy

Ambassador of European Union (EU) to Pakistan Jean-Francois Cautain called on Minister for Finance Senator Ishaq Dar here Thursday and exchanged views on enhancing Pak-EU economic cooperation. The Minister briefed the Ambassador about the reforms undertak
Published 08 Jan, 2016 12:00am
190 seminaries receiving foreign funding, National Assembly told

190 seminaries receiving foreign funding, National Assembly told

The National Assembly was informed Thursday that as many as 190 Madaris across the country are receiving foreign funding while 182 suspicious seminaries have been shut down under the National Action Plan. The interior ministry informed the House during th
Published 08 Jan, 2016 12:00am
KP government will pass Mineral Act soon: minister

KP government will pass Mineral Act soon: minister

Khyber Pakhtunkhwa Minister for Mines and Mineral Development and Labour, Anisa Zeb Tahirkheli on Thursday said that the provincial government would soon enact the first-ever Khyber Pakhtunkhwa Mineral Act, after proper consultation of relevant stakeholde
Published 08 Jan, 2016 12:00am
Sindh Rangers' policing powers: Drag, defer, dither and delay

Sindh Rangers' policing powers: Drag, defer, dither and delay

Interior Minister Chaudhry Nisar Ali Khan has yet to schedule a visit to Karachi to address the concerns of Pakistan People's Party (PPP)-led provincial government as directed by Prime Minister Nawaz Sharif, informed sources told Business Recorder.
Published 08 Jan, 2016 12:00am
Alleged human smuggler held at Benazir Bhutto Airport

Alleged human smuggler held at Benazir Bhutto Airport

The Federal Investigation Agency (FIA's) Immigration Wing on Thursday apprehended a human smuggler at Benazir Bhutto International Airport who was trying to flee abroad. A senior official of FIA said the Agency arrested an alleged human smuggler and procl
Published 08 Jan, 2016 12:00am
Military offensive helps achieve polio turnaround in 2015

Military offensive helps achieve polio turnaround in 2015

The number of polio-infected children in Pakistan fell significantly in 2015 due to the military's success in pushing back Islamist militants, an official said Thursday. "It is a remarkable achievement," said Senator Ayesha Raza Farooq, who heads Pakistan
Published 08 Jan, 2016 12:00am
Jamaat-e-Islami chief leaves for Qatar

Jamaat-e-Islami chief leaves for Qatar

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, on Thursday, left for Qatar on a two-day visit. In his absence abroad, JI Secretary General, Liaqat Baloch, will officiate as Ameer of the party. Liaqat Baloch took oath as acting chief of the JI at
Published 08 Jan, 2016 12:00am
One million metric ton of rice to be exported to Indonesia

One million metric ton of rice to be exported to Indonesia

Pakistan has concluded an agreement with Indonesia to export one million metric ton of rice estimated at around US $400 million over four years. The agreement for export of rice will be implemented by Trading Corporation of Pakistan (TCP) and Indonesian G
Published 08 Jan, 2016 12:00am
Khattak for setting up PSX branch in Peshawar
Exchange

Khattak for setting up PSX branch in Peshawar

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has welcomed establishment of Pakistan Stock Exchange (PSX) by merging the three stock exchanges of Karachi, Lahore and Islamabad, and urged the Securities and Exchange Commission of Pakistan (SECP) to set
Published 08 Jan, 2016 12:00am
SU vice chancellor visits Badin campus
Exchange

SU vice chancellor visits Badin campus

Professor Dr Abida Taherani, Vice Chancellor, the University of Sindh, Jamshoro visited University of Sindh Laar Campus Badin. Professor Dr Muhammad Siddique Kalhoro briefed the VC about the growth, development of the campus along with the issues coupled
Published 08 Jan, 2016 12:00am
Karachi-Thatta Dual Carriageway Project: banks to provide Rs 6.2 billion

Karachi-Thatta Dual Carriageway Project: banks to provide Rs 6.2 billion

A consortium led by Dubai Islamic Bank Pakistan will provide Rs 6.2 billion Syndicated Islamic Project Finance Facility for Karachi-Thatta Dual Carriageway Project. A ceremony was held recently at Sindh Chief Minister House to sign the financing agreement
Published 08 Jan, 2016 12:00am
MoU signed: GCU, SEF to establish 19 schools in Sindh

MoU signed: GCU, SEF to establish 19 schools in Sindh

Green Crescent Trust (GCU) and Sindh Education Foundation (SEF) have signed an agreement to establish 19 schools in Sindh. SEF Director Programmes, Rafique Mustafa and CEO Green Crescent Trust, Zahid Saeed have signed the agreement on behalf of their resp
Published 08 Jan, 2016 12:00am
EFS, Zindagi Trust sign MoU on teachers' training

EFS, Zindagi Trust sign MoU on teachers' training

Education Fund for Sindh (EFS) will train the teachers associated with Zindagi Trust (ZT) to help them track progress in the learning levels of students. In this regard, a Memorandum of Understanding (MoU) was signed between the two organisations, under w
Published 08 Jan, 2016 12:00am
Auto Asia Trade Show from January 26

Auto Asia Trade Show from January 26

In bid to support the promotion of Auto Trade Shows in Pakistan, a leading online vehicle marketplace Carmudi.pk joined hands with Ecommerce Gateway (Pvt) Ltd's as their strategic partner to bring forth The Auto & Transport Asia International Exhibition 2
Published 08 Jan, 2016 12:00am
Prime Minister urged to re-open Hyderabad airport

Prime Minister urged to re-open Hyderabad airport

Hyderabad Chamber of Commerce and Industry (HCCI) President Goharullah on Thursday appealed to Prime Minister Nawaz Sharif and Defence Minister Khawaja Asif to immediately restart Hyderabad Airport as its closure has created a number of problems for busin
Published 08 Jan, 2016 12:00am
Qazi takes over charge as Hyderabad Commissioner

Qazi takes over charge as Hyderabad Commissioner

Newly-posted Divisional Commissioner Hyderabad Qazi Shahid Perwaiz has taken over charge and met the officers and staff. He expressed his hope that all the officers and staff of Hyderabad would work as a team for the development of Hyderabad Division and
Published 08 Jan, 2016 12:00am
CIMA given best training institution award

CIMA given best training institution award

The Chartered Institute of Management Accountants (CIMA), the world's largest body of Management Accountants, has been awarded the Best Training Institution Award at the 2015 Islamic Business & Finance Awards ceremony for its outstanding contribution towa
Published 08 Jan, 2016 12:00am
Oil sales up by five percent in 1HFY16

Oil sales up by five percent in 1HFY16

The sale of oil products in the country surged five percent during the first half of FY2015-16 (1HFY16). The cumulative sale of motor gasoline (mogas), high speed diesel (HSD) and furnace oil (FO) grew to 10.5 million tons compared to 10.0 tons of FY15's
Published 08 Jan, 2016 12:00am
Mithi hospital's budget doubled to Rs 292 million

Mithi hospital's budget doubled to Rs 292 million

Sindh Chief Minister Syed Qaim Ali Shah chief minister with a view to improving health care facilities at Mithi hospital doubled its annual budget from Rs 146 million to Rs 292m. Announcing this at a high-level meeting held here at the CM House on Thursda
Published 08 Jan, 2016 12:00am
BoP, Karandaaz Pakistan sign MoU

BoP, Karandaaz Pakistan sign MoU

Karandaaz Pakistan and The Bank of Punjab (BOP) signed a Memorandum of Understanding (MoU) on Thursday in a strategic step towards achieving greater digitization of government transactions to facilitate the citizens of Pakistan. The agreement identifies a
Published 08 Jan, 2016 12:00am
Nine injured in road accident

Nine injured in road accident

At least nine persons were injured when a Karachi-bound passenger coach met an accident at RCD Highway near Hub area on Thursday. Major Muhammad Kafeel Zubairi, acting public relation officer (PRO) Pakistan Coast Guards in a statement said that the coach
Published 08 Jan, 2016 12:00am
Federal Ombudsman's teams to help decide cases within 15 days: Faruqui

Federal Ombudsman's teams to help decide cases within 15 days: Faruqui

Federal Ombudsman M. Salman Faruqui said here that he will soon launch a campaign on experimental basis to decide cases within 15 days by sending teams of Ombudman Secretariat to around 500 districts and tehsils across Pakistan. "It is going to be a uniqu
Published 08 Jan, 2016 12:00am
PTA demands refund of duty drawback, ST claims

PTA demands refund of duty drawback, ST claims

Chairman of Pakistan Tanners Association (PTA), Gulzar Firoz has urged the federal finance minister for early release of refund of duty drawback and sales tax claims that are stuck-up for over two years. On the other hand, he appreciated and thanked the P
Published 08 Jan, 2016 12:00am
KMC starts anti-dengue, malaria fumigation drive

KMC starts anti-dengue, malaria fumigation drive

Karachi Metropolitan Corporation (KMC) has initiated anti-dengue and malaria drive aimed at protecting citizens from infectious diseases. The 12th round of KMC's anti-fever control programme drive which has been kicked off on last Tuesday which would cont
Published 08 Jan, 2016 12:00am
Polish president seals government control of state media

Polish president seals government control of state media

Polish President Andrzej Duda on Thursday signed into law a controversial bill handing the conservative government control of state media, despite EU concern and condemnation from rights watchdogs. Critics see the move as the latest bid by the ruling Law
Published 08 Jan, 2016 12:00am
Yemen to expel UN human rights official

Yemen to expel UN human rights official

Yemen has declared the leading UN rights official in the country "persona non grata", the UN spokesman said Thursday, describing the decision as "an extremely regrettable development." George Abu al-Zulof, the head of the UN human rights office in Yemen,
Published 08 Jan, 2016 12:00am
Syria government to allow aid into starving town: UN
Exchange

Syria government to allow aid into starving town: UN

Syria's government gave permission Thursday for UN aid deliveries to three besieged towns, including Madaya near Damascus where residents say people are starving to death. "The UN welcomes today's approval from the government of Syria to access Madaya, Fu
Published 08 Jan, 2016 12:00am
South Korea seeks US strategic weapons

South Korea seeks US strategic weapons

South Korea is in talks with the United States to deploy US strategic weapons on the Korean peninsula, a South Korean military official said on Thursday, a day after North Korea said it successfully tested a hydrogen nuclear device. South Korea also said
Published 08 Jan, 2016 12:00am
Cameron woos Berlin and Budapest in EU reform battle
Currency

Cameron woos Berlin and Budapest in EU reform battle

British Prime Minister David Cameron secured encouraging signals from the leaders of Germany, Hungary and the Netherlands as he swung through Europe Thursday, despite key reservations over an EU reform deal he wants at a summit next month. Cameron held ta
Published 08 Jan, 2016 12:00am
Paris police kill man armed with meat cleaver

Paris police kill man armed with meat cleaver

French police shot dead a man wielding a meat cleaver after he tried to enter a police station on Thursday, the anniversary of militant attacks in Paris, shouting "Allahu Akbar" (God is Great) and wearing what turned out to be a fake suicide belt.
Published 08 Jan, 2016 12:00am
Aamir gets visa to play in New Zealand

Aamir gets visa to play in New Zealand

Mohammad Aamir has been cleared to play in New Zealand this month with officials confirming Thursday that the Pakistan paceman had been granted a visa despite a conviction for spot-fixing. Aamir, who served three months in jail in 2011, had been included
Published 08 Jan, 2016 12:00am
Hissam helps Master Paints reach Polo Cup final

Hissam helps Master Paints reach Polo Cup final

The five-goal Hissam Ali Hyder did well in the Master Paints and Newage's 51/2-5 victory against the Army Remounts to qualify for the Diamond Paints-sponsored Pakistan Polo Cup 2016 main final to be played at the Lahore Polo Club ground on Sunday. This to
Published 08 Jan, 2016 12:00am
Ukraine into Hopman Cup final

Ukraine into Hopman Cup final

Ukraine advanced to their second Hopman Cup final with a 2-1 win over Australia Gold in Perth on Thursday. The home team needed to win the tie to stay alive, but Ukraine claimed both singles matches to ensure they finished their round robin phase unbeaten
Published 08 Jan, 2016 12:00am
PCB keeps coach Waqar, management until September this year

PCB keeps coach Waqar, management until September this year

Pakistan said Thursday they will keep national team head coach Waqar Younis in place until the end of their England tour later this year. Waqar's two-year contract expires in May, but Pakistan Cricket Board chairman Shaharyar Khan said his team management
Published 08 Jan, 2016 12:00am
Warner blasts fastest SCG ton

Warner blasts fastest SCG ton

Australia's David Warner lit up the final day of the rain-ruined third Test with the fastest Test century at the Sydney Cricket Ground as the match meandered to a draw against the West Indies on Thursday. Man-of-the-match Warner, determined to finish an u
Published 08 Jan, 2016 12:00am
Afridi defends himself after media row

Afridi defends himself after media row

Pakistan's Twenty20 captain Shahid Afridi defended himself Thursday after a row with a television journalist that prompted the media to briefly boycott coverage of an ongoing training camp, saying he "always respects others". Afridi was asked by Dunya New
Published 08 Jan, 2016 12:00am
Federer breezes past German qualifier

Federer breezes past German qualifier

Top seed Roger Federer barely broke a sweat as he breezed past German qualifier Tobias Kamke 6-2, 6-1 in the second round of the Brisbane International on Thursday. Federer, who had a first round bye, took just 55 minutes to see off Kamke, playing in the
Published 08 Jan, 2016 12:00am
Azarenka storms into Brisbane semis

Azarenka storms into Brisbane semis

A ruthless Victoria Azarenka stormed into the Brisbane International semi-finals with a 6-1, 6-2 demolition of eighth seeded Italian Roberta Vinci on Thursday. The former world number one, who won her maiden WTA title in Brisbane in 2009, swept Vinci asid
Published 08 Jan, 2016 12:00am
IAAF orders life bans over Russia doping bribes

IAAF orders life bans over Russia doping bribes

IAAF judges on Thursday banned for life former Russia athletics chief Valentin Balakhnichev and a son of former world body president Lamine Diack over the blackmailing of athletes who failed doping tests. The ethics commission also ordered a life ban agai
Published 08 Jan, 2016 12:00am
Guptill flyer sets New Zealand up for three-run win

Guptill flyer sets New Zealand up for three-run win

In-form batsman Martin Guptill cracked 58 off 34 balls to set up New Zealand for a tense three-run win in the first Twenty20 international against Sri Lanka on Thursday. Sri Lanka had three wickets in hand and required 13 off the last over by Grant Elliot
Published 08 Jan, 2016 12:00am
Messi double eases Barca past nine-man Espanyol

Messi double eases Barca past nine-man Espanyol

A Lionel Messi-inspired Barcelona reacted from the shock of conceding early to edge towards the Copa del Rey quarter-finals with a 4-1 win over nine-man Espanyol on Wednesday. La Liga leaders Atletico Madrid still have work to do to reach the last eight,
Published 08 Jan, 2016 12:00am
Aussie, kiwi at multi-week lows
Currency

Aussie, kiwi at multi-week lows

The Australian and New Zealand dollars skidded to multi-week lows on Thursday after China's central bank fixed its yuan currency far lower than many expected, spurring speculation that it was aiming for a sustained depreciation to boost exports. The Austr
Published 08 Jan, 2016 12:00am
China market rout shakes Asia FX
Exchange

China market rout shakes Asia FX

Most emerging Asian currencies extended losses on Thursday as China accelerated the yuan's depreciation, heightening concerns over the world's second-largest economy and the risk of a regional currency war. Asian stocks also slumped to a three-month low a
Published 08 Jan, 2016 12:00am
Canadian dollar sets 12-year low

Canadian dollar sets 12-year low

The Canadian dollar set a fresh 12-year low against its US counterpart on Wednesday as oil prices tumbled, investors sought safety from rising geopolitical tensions, and China fueled fears about its economy by allowing the yuan to weaken. The Canadian dol
Published 08 Jan, 2016 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 78.50-78.50 (previous 78.50-78.50). 01.50-04.50 percent (Previous 01.25-04.50 percent).
Published 08 Jan, 2016 12:00am
Dollar slips; yuan hits record low in New York
Currency

Dollar slips; yuan hits record low in New York

The dollar slipped on Wednesday from one-month highs against a basket of currencies as minutes of the Federal Reserve's policy meeting in December suggested further US rate increases would be gradual because of concerns about persistently low inflation. W
Published 08 Jan, 2016 12:00am
Yen surges to 4 1/2-month high in Europe
Exchange

Yen surges to 4 1/2-month high in Europe

The yen rose to its highest against the dollar in more than four months on Thursday as investors looked for a haven after China guided the yuan aggressively lower, fuelling fresh anxiety about its economy and its policy intentions. The dollar dropped near
Published 08 Jan, 2016 12:00am
Yen surges in Asia
Currency

Yen surges in Asia

The yen hit multi-month highs against its peers on Thursday while commodity-linked currencies took a fresh hit after China guided the yuan lower for two days in a row, fuelling anxiety about China's economy and its policy intentions. The dollar dropped as
Published 08 Jan, 2016 12:00am
Sri Lankan rupee ends steady
Currency

Sri Lankan rupee ends steady

The Sri Lankan rupee ended steady on Thursday as dollar sales by a private bank were offset by demand for the greenback from importers, dealers said. The rupee closed at 143.90/95 per dollar, little changed from Wednesday's close of 143.90/144.00. It hit
Published 08 Jan, 2016 12:00am
China angst wipes 30 billion pounds off FTSE 100
Currency

China angst wipes 30 billion pounds off FTSE 100

More than 30 billion pounds were wiped off British bluechips on Thursday after China allowed its currency to weaken faster than before, rocking global markets and sending commodity shares to their lowest levels for about a decade. However, the index ended
Published 08 Jan, 2016 12:00am
Southeast Asian stocks down as China woes spook markets

Southeast Asian stocks down as China woes spook markets

Stock markets in Singapore, Thailand and the Philippines suffered their worst drop in more than four months on Thursday, as trade in Chinese shares was halted following a sell-off, while weak oil prices put pressure on energy stocks. Singapore's Straits T
Published 08 Jan, 2016 12:00am
Hong Kong shares plunge to 2 1/2-year-low

Hong Kong shares plunge to 2 1/2-year-low

Hong Kong's benchmark stock index fell to its lowest since mid-2013 on Thursday, as panic from China's 7 percent market free-fall spilled over the border. The Hang Seng index dropped 3.1 percent, to 20,333.34, the lowest close since July 2013. The China E
Published 08 Jan, 2016 12:00am
European shares reduce losses as China suspends market circuit breaker

European shares reduce losses as China suspends market circuit breaker

European shares fell sharply on Thursday after China accelerated the depreciation of the yuan, but came off lows after the Chinese securities regulator said it would suspend its new stock market circuit breaker mechanism. The pan-European FTSEurofirst 300
Published 08 Jan, 2016 12:00am