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Dec 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-01-24
Dollar net longs slip; yen longs rise again
Currency

Dollar net longs slip; yen longs rise again

Speculators reduced bullish bets on the US dollar for a fourth straight week, as net longs fell to their lowest level since late October, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The valu
Published 24 Jan, 2016 12:00am
China plans to launch its own digital currencies

China plans to launch its own digital currencies

China's central bank wants to launch its own digital currencies to cut the costs of circulating traditional paper money and boost policymakers' control of money supply, the People's Bank of China (PBOC) said on Wednesday. A PBOC research team set up in 20
Published 24 Jan, 2016 12:00am
Canadian dollar strengthens
Currency

Canadian dollar strengthens

The Canadian dollar rallied against its US counterpart on Friday, extending gains following the Bank of Canada's steady rate decision mid-week, as crude oil prices rose and retail sales data suggested the economy was stronger than expected. Oil rose as a
Published 24 Jan, 2016 12:00am
Recovery in oil, equities fuels dollar rise
Currency

Recovery in oil, equities fuels dollar rise

The dollar rose on Friday, boosted by increased expectations of monetary easing by central banks in Europe and Japan, and by a bump in global equities and oil prices that renewed market risk appetite. The dollar rose to a two-week high against the yen, wh
Published 24 Jan, 2016 12:00am
HSBC raises year-end sterling forecast to $1.60
Currency

HSBC raises year-end sterling forecast to $1.60

HSBC, Europe's largest lender, on Thursday raised its year-end sterling forecast by 10 US cents to $1.60, on the basis that Britain will vote to stay in the European Union and spark a strong rally in the currency. That would mark a 14 percent increase fro
Published 24 Jan, 2016 12:00am
Argentina drops 'Evita', Falklands from bank notes
Currency

Argentina drops 'Evita', Falklands from bank notes

Argentina will stop printing banknotes with pictures of populist heroine 'Evita' Peron and the disputed Falkland Islands, in a move away from the symbols favoured by its former leftist government. The politically charged image of Eva Peron - played by Mad
Published 24 Jan, 2016 12:00am
Azerbaijan suspends some forex sales
Exchange

Azerbaijan suspends some forex sales

Azerbaijan's central bank said on Thursday it had banned the sale of foreign exchange in standalone bureaux de change run by commercial banks in a further move to support the oil exporter's faltering currency, the manat. The initiative, outlined by a bank
Published 24 Jan, 2016 12:00am
Yuan bearish bets ease on PBOC intervention; Asia FX views skid
Currency

Yuan bearish bets ease on PBOC intervention; Asia FX views skid

Bearish positions on the Chinese yuan eased slightly in the last two weeks, a Reuters poll showed, as markets were wary of central bank intervention after it ramped up efforts to stabilise a faltering currency. After letting the yuan fall at the start of
Published 24 Jan, 2016 12:00am
Zhang keeps dream alive in Melbourne

Zhang keeps dream alive in Melbourne

Giant-killing Zhang Shuai's dream run at the Australian Open gathered pace Saturday with the Chinese qualifier storming past Varvara Lepchenko and into a fourth-round clash with 15th seed Madison Keys. Ranked 133, Zhang had lost all 14 of her previous Gra
Published 24 Jan, 2016 12:00am
Coach's medical drama rocks Ivanovic, Murray
Kerb

Coach's medical drama rocks Ivanovic, Murray

A mid-match medical emergency involving Ana Ivanovic's coach - who is also the father of Andy Murray's heavily pregnant wife - caused concern and disruption on a dramatic evening at the Australian Open on Saturday. Nigel Sears, 58, collapsed at Rod Laver
Published 24 Jan, 2016 12:00am
Chanderpaul ends 22-year international career

Chanderpaul ends 22-year international career

Veteran West Indies batsman Shivnarine Chanderpaul, the seventh highest Test match run maker in history, announced his international retirement on Friday, 22 years after his debut. The 41-year-old former captain from Guyana ends his Test career on 11,867
Published 24 Jan, 2016 12:00am
T20 defeat against New Zealand termed 'an eye-opener'

T20 defeat against New Zealand termed 'an eye-opener'

Ignominious defeat of Pakistan Twenty20 cricket team in the three matches international series against New Zealand exposed the failure of the relevant authorities in building a strong and winning team. Easy-ride of Kiwis proved tall claims of the manageme
Published 24 Jan, 2016 12:00am
Pakistan hockey team to tour Australia in November: PHF

Pakistan hockey team to tour Australia in November: PHF

Pakistan national hockey team will visit Australia in November this year, according to Secretary, Pakistan Hockey Federation and former Olympian Shahbaz Ahmad Senior. "The tour will prove vital for the team. Pakistan hockey team will also participate in t
Published 24 Jan, 2016 12:00am
Messi to the rescue for under par Barca

Messi to the rescue for under par Barca

Lionel Messi scored a spectacular winner as Barcelona moved to the top of La Liga with a hard-fought 2-1 win at Malaga on Saturday. The European champions were handed the perfect start when Munir El Haddadi tapped home the opener after just 64 seconds, bu
Published 24 Jan, 2016 12:00am
Cook leads England reply after De Kock ton

Cook leads England reply after De Kock ton

England captain Alastair Cook made his first half-century of the series to keep his team in contention on the second day of the fourth and final Test against South Africa at SuperSport Park on Saturday. England were 138 for two at the close of play after
Published 24 Jan, 2016 12:00am
Lallana settles Liverpool thriller, Austin sinks Manchester United

Lallana settles Liverpool thriller, Austin sinks Manchester United

Adam Lallana plundered a 95th-minute winner as Liverpool edged Norwich City 5-4 in a dizzying Premier League encounter on Saturday, while Manchester United crashed 1-0 against Southampton. Jamie Vardy ended a seven-game scoring drought as Leicester City b
Published 24 Jan, 2016 12:00am
Pandey heroics give India thrilling ODI win

Pandey heroics give India thrilling ODI win

Manish Pandey scored a brilliant unbeaten 104 as India beat Australia by six wickets in a thrilling one-day international at the Sydney Cricket Ground on Saturday. After Indian captain Mahendra Singh Dhoni won the toss and decided to bowl, Australia score
Published 24 Jan, 2016 12:00am
Standard and Poor's upgrades Greece's credit rating by one notch to B-

Standard and Poor's upgrades Greece's credit rating by one notch to B-

Standard and Poor's on Friday raised its credit rating for Greek debt by one notch, saying it expected Athens to meet the conditions attached to the latest bailout package. Greece's sovereign rating went up to B- from CCC+, which removes it from the range
Published 24 Jan, 2016 12:00am
Standard and Poor's upgrades Greece's credit rating by one notch to B-

Standard and Poor's upgrades Greece's credit rating by one notch to B-

Standard and Poor's on Friday raised its credit rating for Greek debt by one notch, saying it expected Athens to meet the conditions attached to the latest bailout package. Greece's sovereign rating went up to B- from CCC+, which removes it from the range
Published 24 Jan, 2016 12:00am
Philips $2.8 billion lighting unit sale dropped over US fears

Philips $2.8 billion lighting unit sale dropped over US fears

Dutch electronics giant Philips said on Friday a planned $2.8-billion majority share sale of its Lumileds lighting unit to Beijing-based GO Scale Capital has been cancelled because of US regulatory concerns. Both companies failed to convince the Committee
Published 24 Jan, 2016 12:00am
BT should spin off network division, says lawmaker-backed report

BT should spin off network division, says lawmaker-backed report

Britain's BT should be forced to spin off its national broadband network to improve speeds and quality of service, an independent report backed by more than 100 lawmakers said on Saturday. The British Infrastructure Group, which brings together lawmakers
Published 24 Jan, 2016 12:00am
As China cuts green car subsidies, automakers' electric dreams differ

As China cuts green car subsidies, automakers' electric dreams differ

China will maintain plans to gradually phase out subsidies for green energy vehicles until they are fully eliminated in 2021 and allow the market to determine the direction of green car development, Finance Minister Lou Jiwei said on Saturday. But auto ex
Published 24 Jan, 2016 12:00am
Richemont buys rest of Roger Dubuis in watch industry shake-up

Richemont buys rest of Roger Dubuis in watch industry shake-up

Swiss luxury group Richemont has bought the 40 percent of high-end watchmaker Roger Dubuis it did not already own, with analysts forecasting more small manufacturers will be snapped up by bigger rivals in an industry struggling with weaker demand. "We now
Published 24 Jan, 2016 12:00am
Thyssen sees steel consolidation via partnerships

Thyssen sees steel consolidation via partnerships

Thyssenkrupp Chief Executive Heinrich Hiesinger told Euro am Sonntag that consolidation in the European steel industry may happen through partnerships rather than takeovers. Thyssenkrupp plans to play an active role in the process of consolidation, Hiesin
Published 24 Jan, 2016 12:00am
Volkswagen probe finds manipulation was open secret in department

Volkswagen probe finds manipulation was open secret in department

Volkswagen's development of software to cheat diesel-emissions tests was an open secret in its engine development department, Germany's Sueddeutsche Zeitung newspaper said on Friday, citing results from VW's internal investigation. Many managers and staff
Published 24 Jan, 2016 12:00am
Merkel pressured on all fronts as ally takes swipe over migrants

Merkel pressured on all fronts as ally takes swipe over migrants

German Chancellor Angela Merkel looked ever more isolated over her open-door policy on refugees on Saturday as it emerged that the leader of her party's Bavarian allies suggested this week she had become impervious to other people's views on the issue. "C
Published 24 Jan, 2016 12:00am
China hit by eye-watering cold snap

China hit by eye-watering cold snap

Much of China shivered Saturday as a teeth-chattering cold snap broke decades-old records and snow fell in some parts for the first time in years, cancelling flights and forcing many indoors. An orange alert was issued across the country as forecasts pred
Published 24 Jan, 2016 12:00am
Police 'starting to pool knowledge to fight jihadist threat'

Police 'starting to pool knowledge to fight jihadist threat'

Police forces around the world have taken measures to better share crucial intelligence to thwart jihadist attacks but technology can help them do far more, international police chiefs said at the Davos gathering of policymakers and moguls. The attacks in
Published 24 Jan, 2016 12:00am
Palestinian girl shot dead

Palestinian girl shot dead

A 13-year-old Palestinian girl was shot dead by an Israeli security guard she tried to stab at a settlement in the Israeli-occupied West Bank, Israeli police said on Saturday. It was the latest fatality in an almost four-month-long surge of violence that
Published 24 Jan, 2016 12:00am
Billionaire ex-mayor Bloomberg mulling presidential bid

Billionaire ex-mayor Bloomberg mulling presidential bid

US billionaire and former New York mayor Michael Bloomberg is mulling an independent bid for the White House, The New York Times reported Saturday. The 73-year-old businessman is drawing up plans for a potential run on a third-party ticket for which he is
Published 24 Jan, 2016 12:00am
New Year assaults 'in 12 German states'

New Year assaults 'in 12 German states'

German police have found that the wave of sexual assaults and robberies on New Year's eve did not only happen in Cologne but that similar incidents also took place in 12 of Germany's regional states, local media reported Saturday. Hundreds of women have r
Published 24 Jan, 2016 12:00am
Four dead in Canada school shooting

Four dead in Canada school shooting

Shots rang out at a school in western Canada Friday, leaving four people dead and several others critically injured in the nation's worst such shooting in a quarter of a century. "Obviously, this is every parent's worst nightmare," said Prime Minster Just
Published 24 Jan, 2016 12:00am
Spain's opposition Socialists accuse hard-left Podemos of 'blackmail'

Spain's opposition Socialists accuse hard-left Podemos of 'blackmail'

Spain's Socialist party on Saturday accused hard-left group Podemos of "blackmail" as the country grapples with an unprecedented political impasse after inconclusive elections. The statement from the PSOE socialist party came as outgoing conservative Span
Published 24 Jan, 2016 12:00am
British Prime Minister urges Maldives political change in Nasheed talks

British Prime Minister urges Maldives political change in Nasheed talks

British Prime Minister David Cameron urged the Maldives to open up its politics and release all remaining political prisoners after meeting former president Mohamed Nasheed on Saturday. Nasheed, who has been in prison in the Maldives but was granted speci
Published 24 Jan, 2016 12:00am
Work on Pak-Turk School being launched soon

Work on Pak-Turk School being launched soon

Pakistan and Turkey enjoy excellent diplomatic relations since long which must be translated into economic terms on fast track basis, said Chaudhary Muhammad Nawaz, President, Faisalabad Chamber of Commerce and Industry (FCCI). He was talking to Nida Yilm
Published 24 Jan, 2016 12:00am
PML, PTI to move court against new local government ordinance: Shujaat

PML, PTI to move court against new local government ordinance: Shujaat

President Pakistan Muslim League (PML), former Prime Minister of Pakistan Chaudhry Shujaat Hussain and former Deputy Prime Minister Chaudhry Parvez have said that the ruling Pakistan Muslim League-Nawaz (PML-N) has introduced 'black law' after announcemen
Published 24 Jan, 2016 12:00am
Advocacy Seminar: speakers stress need for breastfeeding

Advocacy Seminar: speakers stress need for breastfeeding

Speakers at a seminar stressed need for breast feeding to children at the age of two years so that infant mortality rate could be controlled at maximum level. Moreover, National Programme for Family Planning and Primary Healthcare provincial co-ordinator
Published 24 Jan, 2016 12:00am
Auto thefts, dacoities on the rise in twin cities

Auto thefts, dacoities on the rise in twin cities

The robbers and dacoits have gone on rampage in federal capital as eight vehicles and several bikes were stolen from the various parts of the city, contradicting hollow claims of the police of controlling crime. According to data gathered by Business R
Published 24 Jan, 2016 12:00am
Western route of CPEC to be completed by December 2016: Ahsan

Western route of CPEC to be completed by December 2016: Ahsan

Federal Minister for Planning, Development and Reforms Ahsan Iqbal said here on Saturday that missing links in the western route of Pakistan-China Economic Corridor (CPEC) will be completed by December 2016 and thereafter cargo trucks can travel from Gawa
Published 24 Jan, 2016 12:00am
PBC hosts interactive session for Chinese investors

PBC hosts interactive session for Chinese investors

Pakistan Business Council hosted a session for the delegate of 100 Chinese investors on Saturday. The session included B2B interactions with premier Karachi-based businesses; the Chinese delegation was briefed about the investment opportunities and potent
Published 24 Jan, 2016 12:00am
Six SC benches formed for next week

Six SC benches formed for next week

Six benches of the Supreme Court will hear important cases during the next week, starting from Monday, January 25. The first bench consists of Chief Justice of Pakistan Justice Anwar Zaheer Jamali, Justice Azmat Saeed Sheikh and Justice Khilji Arif Hussai
Published 24 Jan, 2016 12:00am
Seven more children die of malnutrition in Thar

Seven more children die of malnutrition in Thar

Seven more children on Saturday died of malnutrition in Tharparkar, raising the death toll 101 since the start of the current year. Five toddlers, including Al'had Somro, Zeeshan, Javed, Kawita and Hanesh Kumar, reportedly died at Mithi Civil Hospital and
Published 24 Jan, 2016 12:00am
Godil attack case: ATC orders arrest of IO

Godil attack case: ATC orders arrest of IO

An Anti-Terrorism Court (ATC) on Saturday ordered arrest of the investigation officer (IO) for his failure in arresting a key accused in the case pertaining to attack on Muttahida Qaumi Movement (MQM) leader Rashid Godil. The court also ordered to block d
Published 24 Jan, 2016 12:00am
Currency dealers protest against sealing of market
Exchange

Currency dealers protest against sealing of market

Currency dealers continued their protest for eleven consecutive day and burnt tyres at Chowk Yadgar against the sealing of the currency market in the city. Besides, the subsidiary associations of Currency Sarafa Association including Anjuman-e-Tajiran, Sa
Published 24 Jan, 2016 12:00am
PPP leader demands judicial inquiry into university attack

PPP leader demands judicial inquiry into university attack

Pakistan People's Party Central Leader, Senator Farhatullah Babar demanded the government to conduct a judicial inquiry into the terrorists attack on the Bacha Khan University and Army Public School, and to make public its report.
Published 24 Jan, 2016 12:00am
K-Electric installs ABC in Gulshan-e-Mazdoor

K-Electric installs ABC in Gulshan-e-Mazdoor

K-Electric has successfully completed the installation work of its Aerial Bundle Cables (ABC) in Baldia's Gulshan-e-Mazdoor which was previously infested with illegal electricity connections and hence categorised as a Very High Loss (VHL) area. This area
Published 24 Jan, 2016 12:00am
MCB Bank to sponsor Safa conference

MCB Bank to sponsor Safa conference

The two-day South Asian Federation of Accountants (Safa) conference 2016 is being organised by the Institute of Chartered Accountants of Pakistan (ICAP), on the theme "South Asia: Corridor of Opportunities" on January 29 and 30 in Lahore. MCB Bank has spo
Published 24 Jan, 2016 12:00am
'H1N1 is seasonal influenza illnesses'

'H1N1 is seasonal influenza illnesses'

In the past few weeks, Pakistan like many other countries in the region, has observed an increased incidence of H1N1 cases. WHO wishes to put this H1N1 recrudescence in the right context by reaffirming the following: H1N1 is a seasonal influenza illness s
Published 24 Jan, 2016 12:00am
Second Annual Isra Medical International conference held

Second Annual Isra Medical International conference held

Experts at a conference have said that responsibilities of a doctor are manifold, they are caregivers, listeners, and advocates to patients and when the need arises. They have the blessing of learning from each other and that is why they are very excited
Published 24 Jan, 2016 12:00am
Secretary ED not ready to vacate premises for CDA chief

Secretary ED not ready to vacate premises for CDA chief

Although the Capital Development Authority (CDA) has geared up efforts against non-conforming use of residential houses, it seems completely helpless in vacating the official residence for the civic body chairman, occupied by all-time powerful Secretary E
Published 24 Jan, 2016 12:00am
Five militants held in Hangu

Five militants held in Hangu

Counter Terrorism Department (CTD) on Saturday claimed to have arrested five terrorists including a commander of a banned outfit in Hangu. According to CTD, the authorities had put a head money on the arrested militant commander, who was wanted in several
Published 24 Jan, 2016 12:00am
Prices of essential kitchen items reduce last week

Prices of essential kitchen items reduce last week

The price of essential kitchen items witnessed a reduction during last week as compared to preceding week, revealed a survey conducted by Business Recorder here on Saturday. The survey observed that the prices of almost all range of vegetables redu
Published 24 Jan, 2016 12:00am
Experts question why government went into litigation against IPPs

Experts question why government went into litigation against IPPs

Experts regret that the Government of Pakistan has over years lost all the cases filed by independent power producers against it in last five years, which had badly tarnished the image of the country. They said the government should have taken notice of t
Published 24 Jan, 2016 12:00am
Petition filed for recovery of assistant professor

Petition filed for recovery of assistant professor

A petition for recovery of an assistant professor of Punjab University Institute of Administrative Sciences Ghalib Atta has been filed before the Lahore High Court. The petitioner Asma Ghalib wife of the detainee through secretary Supreme Court Bar Associ
Published 24 Jan, 2016 12:00am
PBC revises legal education rules

PBC revises legal education rules

The Pakistan Bar Council (PBC) revising its legal education rules has decided that the duration of the LLB course shall not be less than five years. The bar has taken this decision in view of deteriorating standard and quality of legal education.
Published 24 Jan, 2016 12:00am
Pakistan has potential to capture global food market

Pakistan has potential to capture global food market

Pakistan has potential to capture global food market by improving the level of compliance to the food safety standards. Presently, the major hurdle in export of food products by the Pakistani companies is non-compliance of food safety standards required b
Published 24 Jan, 2016 12:00am
Terrorist attack on BKU raises questions over government's performance

Terrorist attack on BKU raises questions over government's performance

Former information minister and Central Information Secretary of Pakistan People's Party (PPP) Qamar Zaman Kaira has said that defeating the extremist mindset was part of the National Action Plan (NAP) but it is a matter of grave concern that no measures
Published 24 Jan, 2016 12:00am
Child labour will not be tolerated: Shahbaz

Child labour will not be tolerated: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that. He said that not only kiln will be sealed but the owner will be sent to the jail in case of violation of law for the elimination of child labour. He said that all out resources will be provided
Published 24 Jan, 2016 12:00am
Ban on Altaf's statements: MQM to hold protest rally today

Ban on Altaf's statements: MQM to hold protest rally today

The Muttahida Qaumi Movement has announced to start countrywide protest over ban imposed on MQM founder and leader Altaf Hussain for print and electronic media. Under the ban, both the electronic and print media have been restricted to carry any statement
Published 24 Jan, 2016 12:00am
Inordinate delay in execution of Southern Bypass irks PHMA

Inordinate delay in execution of Southern Bypass irks PHMA

Perturbed over delay in shipment of consignments owing to routine traffic chaos in the city, textile exporters have urged the Sindh government to complete the Southern Bypass project without any further delay. In a letter sent to the provincial additional
Published 24 Jan, 2016 12:00am
Southern Punjab became centre of Jihadist organisations: Sherpao

Southern Punjab became centre of Jihadist organisations: Sherpao

Former Interior Minister and chief of Qaumi Watan Party (QWP), Aftab Ahmad Khan Sherpao has called for indiscrimination against terrorists across the country including Southern Punjab. Talking to media in Totano Banda, district Swat Saturday, he said that
Published 24 Jan, 2016 12:00am
Pakistani students playing vital role in research at CERN, says Nawaz

Pakistani students playing vital role in research at CERN, says Nawaz

Prime Minister Nawaz Sharif has said Pakistani students are playing an important role in research going on at European Centre for Nuclear Research (CERN), one of the foremost international centres of scientific research. He said this while visiting CERN o
Published 24 Jan, 2016 12:00am
Seminar for awareness on Swine Flu held

Seminar for awareness on Swine Flu held

A clinical seminar aimed at creating awareness on influenza virus/swine flu, was held at Nawaz Sharif Social Security Hospital on Saturday. Professor Dr Muhammad Ashraf Nizami, Medical Superintendent informed the participants about swine flu in Pakistan a
Published 24 Jan, 2016 12:00am
LCCI for up-grading power transmission, distribution system

LCCI for up-grading power transmission, distribution system

The Lahore Chamber of Commerce & Industry (LCCI) has called for up-gradation of power transmission and distribution system to get rid of the issues of suspension of electricity supply. LCCI President Sheikh Muhammad Arshad said that repeated incidents of
Published 24 Jan, 2016 12:00am
Call to approve Cotton Seed Act, Breeders Proprietary Rights Act
Cotton

Call to approve Cotton Seed Act, Breeders Proprietary Rights Act

Pakistan Cotton Ginners Association (PCGA) has urged upon the Government to approve the Cotton seed act and Breeders Proprietary Rights act forthwith to protect the interest of the growers who had suffered a huge loss of Rs 40 billion at the hands of unsc
Published 24 Jan, 2016 12:00am
FPCCI seeks special tariff concessions for agriculture sector
Cotton

FPCCI seeks special tariff concessions for agriculture sector

Chairman Standing Committee on Agriculture Produce & Horticulture of Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Ahmad Jawad has advised government to announce special tariff concessions for the agriculture sector and give subsidy at l
Published 24 Jan, 2016 12:00am
FPCCI seeks special tariff concessions for agriculture sector
Cotton

FPCCI seeks special tariff concessions for agriculture sector

Chairman Standing Committee on Agriculture Produce & Horticulture of Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Ahmad Jawad has advised government to announce special tariff concessions for the agriculture sector and give subsidy at l
Published 24 Jan, 2016 12:00am
Degree & FSc programmes UAF approves reduction in fees

Degree & FSc programmes UAF approves reduction in fees

The University of Agriculture Faisalabad Academic Council on Saturday approved fees reduction in degree and FSc programmes in order to promote the education at grass-root level and make it accessible to marginalized section of the society. The meeting was
Published 24 Jan, 2016 12:00am
DG ESA for enhancing security measures

DG ESA for enhancing security measures

Director General, Emergency Services Academy (ESA), Brigadier Amir Hamza, has said that security is right and responsibility of all, therefore, all stakeholders should play their due role to create sense of safety and security. While chairing over a secur
Published 24 Jan, 2016 12:00am
Fake PPRO used: bid to get cleared cranberry beans, oats foiled

Fake PPRO used: bid to get cleared cranberry beans, oats foiled

Model Customs Collectorate (MCC) Appraisement East Saturday foiled an attempt to get cleared huge quantity of substandard cranberry beans, oats and barley on fake Plant Protection Certificate Release Order (PPRO); it is learnt. According to sources, credi
Published 24 Jan, 2016 12:00am
'Bringing Railways back on track?'

'Bringing Railways back on track?'

This is apropos a letter titled "Bringing Railways back on track?" carried by Business Recorder on January 16. It is to clarify that the audit report for the first year of the present government was based on the accounts for the fiscal year 2012-13
Published 24 Jan, 2016 12:00am
Economic crisis rattles Brazil as Olympic year starts
Currency

Economic crisis rattles Brazil as Olympic year starts

Brazil hoped to start 2016 making itself pretty for its turn on the world stage when its hosts the summer Olympics. Instead attention has turned to its deepening economic crisis. The world's seventh largest economy tipped into recession last year - offici
Published 24 Jan, 2016 12:00am
Unrelenting refugee crisis

Unrelenting refugee crisis

The flow of asylum-seekers from war-devastated Muslim countries to European shores continues despite the freezing cold and life threatening conditions at sea. At least 44 people, among them 17 children, drowned on Friday as two boats carrying them to Gree
Published 24 Jan, 2016 12:00am
Risks to global economy

Risks to global economy

An opinion poll conducted by the World Economic Forum (WEF) and published on 14th January, 2016, ahead of the discussions in Davos, has revealed that the global economy faces a worrying array of risks, from natural disasters-related to climate change to h
Published 24 Jan, 2016 12:00am
Greece''s Tsipras facing the music after rollercoaster year in power

Greece''s Tsipras facing the music after rollercoaster year in power

He came to power vowing a debt revolution, but after a rollercoaster year of economic meltdown forcing him to abandon his election promises, a less bouncy but still charismatic Greek Prime Minister Alexis Tsipras is facing the music. His leftist governmen
Published 24 Jan, 2016 12:00am
Greece's Tsipras facing the music after rollercoaster year in power

Greece's Tsipras facing the music after rollercoaster year in power

He came to power vowing a debt revolution, but after a rollercoaster year of economic meltdown forcing him to abandon his election promises, a less bouncy but still charismatic Greek Prime Minister Alexis Tsipras is facing the music. His leftist governmen
Published 24 Jan, 2016 12:00am
Greece's Tsipras facing the music after rollercoaster year in power

Greece's Tsipras facing the music after rollercoaster year in power

He came to power vowing a debt revolution, but after a rollercoaster year of economic meltdown forcing him to abandon his election promises, a less bouncy but still charismatic Greek Prime Minister Alexis Tsipras is facing the music. His leftist governmen
Published 24 Jan, 2016 12:00am
Rouhani visits Italy, France on first post-sanctions tour
Exchange

Rouhani visits Italy, France on first post-sanctions tour

Iran's President Hassan Rouhani is to visit Italy and France next week to boost economic ties, in his first European tour since a nuclear deal saw sanctions lifted against the Islamic republic. The visit had been planned for last November but was cancelle
Published 24 Jan, 2016 12:00am
Rouhani visits Italy, France on first post-sanctions tour
Exchange

Rouhani visits Italy, France on first post-sanctions tour

Iran's President Hassan Rouhani is to visit Italy and France next week to boost economic ties, in his first European tour since a nuclear deal saw sanctions lifted against the Islamic republic. The visit had been planned for last November but was cancelle
Published 24 Jan, 2016 12:00am
Tunisia Prime Minister urges patience after social unrest

Tunisia Prime Minister urges patience after social unrest

Tunisian Prime Minister Habib Essid pleaded Saturday for people to be "patient" after a wave of protests against poverty and unemployment in the worst social unrest since the 2011 revolution. He spoke after chairing an emergency cabinet meeting as authori
Published 24 Jan, 2016 12:00am
Tunisia Prime Minister urges patience after social unrest

Tunisia Prime Minister urges patience after social unrest

Tunisian Prime Minister Habib Essid pleaded Saturday for people to be "patient" after a wave of protests against poverty and unemployment in the worst social unrest since the 2011 revolution. He spoke after chairing an emergency cabinet meeting as authori
Published 24 Jan, 2016 12:00am
What did PM achieve at WEF?

What did PM achieve at WEF?

The prime minister Nawaz Sharif-led Pakistan delegation at the World Economic Forum appeared to be unaware that the International Monetary Fund (IMF) had classified Pakistan in MENAAP region (Middle East, North Africa, Afghanistan and Pakistan) instead of
Published 24 Jan, 2016 12:00am
What did PM achieve at WEF?

What did PM achieve at WEF?

The prime minister Nawaz Sharif-led Pakistan delegation at the World Economic Forum appeared to be unaware that the International Monetary Fund (IMF) had classified Pakistan in MENAAP region (Middle East, North Africa, Afghanistan and Pakistan) instead of
Published 24 Jan, 2016 12:00am
What did PM achieve at WEF?

What did PM achieve at WEF?

The prime minister Nawaz Sharif-led Pakistan delegation at the World Economic Forum appeared to be unaware that the International Monetary Fund (IMF) had classified Pakistan in MENAAP region (Middle East, North Africa, Afghanistan and Pakistan) instead of
Published 24 Jan, 2016 12:00am
What did PM achieve at WEF?

What did PM achieve at WEF?

The prime minister Nawaz Sharif-led Pakistan delegation at the World Economic Forum appeared to be unaware that the International Monetary Fund (IMF) had classified Pakistan in MENAAP region (Middle East, North Africa, Afghanistan and Pakistan) instead of
Published 24 Jan, 2016 12:00am
Disaster insurers tap under-protected emerging markets

Disaster insurers tap under-protected emerging markets

When an April 2015 earthquake ravaged Nepal, killing 9,000 people and destroying half a million homes, insurers say the money paid out to victims amounted to less than a tenth of that received by Americans hit by winter snowstorms earlier in the year. The
Published 24 Jan, 2016 12:00am
Disaster insurers tap under-protected emerging markets

Disaster insurers tap under-protected emerging markets

When an April 2015 earthquake ravaged Nepal, killing 9,000 people and destroying half a million homes, insurers say the money paid out to victims amounted to less than a tenth of that received by Americans hit by winter snowstorms earlier in the year. The
Published 24 Jan, 2016 12:00am
Disaster insurers tap under-protected emerging markets

Disaster insurers tap under-protected emerging markets

When an April 2015 earthquake ravaged Nepal, killing 9,000 people and destroying half a million homes, insurers say the money paid out to victims amounted to less than a tenth of that received by Americans hit by winter snowstorms earlier in the year. The
Published 24 Jan, 2016 12:00am
Disaster insurers tap under-protected emerging markets

Disaster insurers tap under-protected emerging markets

When an April 2015 earthquake ravaged Nepal, killing 9,000 people and destroying half a million homes, insurers say the money paid out to victims amounted to less than a tenth of that received by Americans hit by winter snowstorms earlier in the year. The
Published 24 Jan, 2016 12:00am
Suspected Russian raids kill 29 civilians in east Syria

Suspected Russian raids kill 29 civilians in east Syria

At least 29 civilians were killed in air strikes suspected to have been carried by Russian warplanes on a village in eastern Syria on Saturday, a monitoring group said. The Syrian Observatory for Human Rights said seven children and one woman were among t
Published 24 Jan, 2016 12:00am
Suspected Russian raids kill 29 civilians in east Syria

Suspected Russian raids kill 29 civilians in east Syria

At least 29 civilians were killed in air strikes suspected to have been carried by Russian warplanes on a village in eastern Syria on Saturday, a monitoring group said. The Syrian Observatory for Human Rights said seven children and one woman were among t
Published 24 Jan, 2016 12:00am
Licence of motorcycle spare parts dealers cancelled: FBR informs customs

Licence of motorcycle spare parts dealers cancelled: FBR informs customs

The Federal Board of Revenue (FBR) has conveyed to the Collectors of Customs that the licence granted to all Pakistan Motorcycle Spare Parts Importers & Dealers Association as a trade organisation has been cancelled by the Ministry of Commerce. In this re
Published 24 Jan, 2016 12:00am
Licence of motorcycle spare parts dealers cancelled: FBR informs customs

Licence of motorcycle spare parts dealers cancelled: FBR informs customs

The Federal Board of Revenue (FBR) has conveyed to the Collectors of Customs that the licence granted to all Pakistan Motorcycle Spare Parts Importers & Dealers Association as a trade organisation has been cancelled by the Ministry of Commerce. In this re
Published 24 Jan, 2016 12:00am
Licence of motorcycle spare parts dealers cancelled: FBR informs customs

Licence of motorcycle spare parts dealers cancelled: FBR informs customs

The Federal Board of Revenue (FBR) has conveyed to the Collectors of Customs that the licence granted to all Pakistan Motorcycle Spare Parts Importers & Dealers Association as a trade organisation has been cancelled by the Ministry of Commerce. In this re
Published 24 Jan, 2016 12:00am
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