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Apr 05, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-02-29
Israeli settlement closed to Palestinians after attack

Israeli settlement closed to Palestinians after attack

Palestinians have been barred from entering one of the largest Israeli settlements in the occupied West Bank for five days after an attack that critically wounded a security guard, an official said on Sunday. The Israeli police ban on entry to the Maale A
Published 29 Feb, 2016 12:00am
Arab League chief says will not seek second term

Arab League chief says will not seek second term

Arab League chief Nabil al-Arabi said Sunday he would not seek a second term as secretary general of the pan-Arab body after his present term ends in July. Arabi, 80, took over as League chief from fellow Egyptian diplomat Amr Moussa in 2011.
Published 29 Feb, 2016 12:00am
Historic deals contemplated as Ireland ousts coalition

Historic deals contemplated as Ireland ousts coalition

Ireland awaited results Sunday of an election that ousted the coalition government but left no clear winner, putting pressure on old rivals to reach a deal or risk a stalemate that could mean a second vote.
Published 29 Feb, 2016 12:00am
Record-breaking South Korea filibuster runs beyond 100 hours

Record-breaking South Korea filibuster runs beyond 100 hours

South Korean opposition lawmakers seeking to block a government-backed "anti-terrorism" bill pushed their record-breaking filibuster into a sixth straight day of speeches in the parliamentary chamber on Sunday.
Published 29 Feb, 2016 12:00am
Yemen says Aden airport to reopen in weeks after refurbishment

Yemen says Aden airport to reopen in weeks after refurbishment

Aden airport is expected to reopen fully for commercial traffic within weeks, Yemen's information minister said, a move that would shore up confidence in the ability of President Abd-Rabbu Mansour Hadi's government to control the volatile city. The southe
Published 29 Feb, 2016 12:00am
Gambia strongman Jammeh eyes fifth term in office

Gambia strongman Jammeh eyes fifth term in office

Gambian President Yahya Jammeh, who has been in power for 21 years, will run for a fifth term in office when the country holds presidential elections in December, public television said.
Published 29 Feb, 2016 12:00am
Swiss seen rejecting deportations of foreign law-breakers

Swiss seen rejecting deportations of foreign law-breakers

Swiss voters were seen rejecting a proposal to deport foreign law-breakers in a referendum on Sunday, according to projections from Swiss broadcaster SRF. The plan to expel foreign residents guilty of anything from murder to speeding was proposed by the a
Published 29 Feb, 2016 12:00am
Corpse found in garden of Airbnb rental in France

Corpse found in garden of Airbnb rental in France

A group of friends who rented a house on Airbnb for a party weekend in a French town discovered the decomposing body of a woman in the garden, police said Sunday.
Published 29 Feb, 2016 12:00am
US money market assets hit highest since 2010

US money market assets hit highest since 2010

US money market fund assets jumped to their highest level in more than five years in the latest week as renewed concerns about global economic growth spurred investors into cash and near-cash investments. Money fund assets jumped by $35.41 billion to $2.7
Published 29 Feb, 2016 12:00am
US money market assets hit highest since 2010

US money market assets hit highest since 2010

US money market fund assets jumped to their highest level in more than five years in the latest week as renewed concerns about global economic growth spurred investors into cash and near-cash investments. Money fund assets jumped by $35.41 billion to $2.7
Published 29 Feb, 2016 12:00am
Strong demand for JP Morgan's first bond of 2016

Strong demand for JP Morgan's first bond of 2016

JP Morgan had received US $5bn of orders by mid-morning on Thursday for its first public US dollar bond issue of the year, according to an investor following the deal. The self-led five-year deal, issued through JP Morgan's holding company, comes after Go
Published 29 Feb, 2016 12:00am
Strong demand for JP Morgan's first bond of 2016

Strong demand for JP Morgan's first bond of 2016

JP Morgan had received US $5bn of orders by mid-morning on Thursday for its first public US dollar bond issue of the year, according to an investor following the deal. The self-led five-year deal, issued through JP Morgan's holding company, comes after Go
Published 29 Feb, 2016 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.45-78.45 (previous 78.45-78.46). 02.25-04.50 percent (* Previous 02.00-04.50 percent). (* revised).
Published 29 Feb, 2016 12:00am
Markets may recoil at lack of new G20 measures: analysts

Markets may recoil at lack of new G20 measures: analysts

Investors could trim back positions on equities given a failure by a weekend meeting of the G20 group of leading economies to come up with concrete, new measures to boost growth, analysts said.
Published 29 Feb, 2016 12:00am
Markets may recoil at lack of new G20 measures: analysts

Markets may recoil at lack of new G20 measures: analysts

Investors could trim back positions on equities given a failure by a weekend meeting of the G20 group of leading economies to come up with concrete, new measures to boost growth, analysts said.
Published 29 Feb, 2016 12:00am
Collins Capital shutters hedge fund for retail investors
Mutual Funds

Collins Capital shutters hedge fund for retail investors

The Collins Alternative Solutions Fund, a mutual fund that offered hedge fund strategies to retail investors, has been shut down after suffering a double-digit decline in 2015 and falling more this year. "The board concluded that it would be in the best i
Published 29 Feb, 2016 12:00am
Collins Capital shutters hedge fund for retail investors
Mutual Funds

Collins Capital shutters hedge fund for retail investors

The Collins Alternative Solutions Fund, a mutual fund that offered hedge fund strategies to retail investors, has been shut down after suffering a double-digit decline in 2015 and falling more this year. "The board concluded that it would be in the best i
Published 29 Feb, 2016 12:00am
Egyptian pound steady at forex sale, stronger on black market
Exchange

Egyptian pound steady at forex sale, stronger on black market

The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday but was stronger on the black market, with traders limiting transactions to regular clients after the central bank began a crackdown on unofficial trading.
Published 29 Feb, 2016 12:00am
Colombia to let pension funds invest in hedge funds

Colombia to let pension funds invest in hedge funds

Colombia will soon allow pension funds to invest up to 20 percent of their assets in real estate, commodities, private equity, hedge funds and other so-called alternative investments, sources said on Tuesday. The decision, aimed at diversifying risk and b
Published 29 Feb, 2016 12:00am
Colombia to let pension funds invest in hedge funds

Colombia to let pension funds invest in hedge funds

Colombia will soon allow pension funds to invest up to 20 percent of their assets in real estate, commodities, private equity, hedge funds and other so-called alternative investments, sources said on Tuesday. The decision, aimed at diversifying risk and b
Published 29 Feb, 2016 12:00am
Oil prices buoy Gulf markets; Global Telecom aids Egypt

Oil prices buoy Gulf markets; Global Telecom aids Egypt

Major Middle East stock markets gained in active trade on Sunday after oil prices rose sharply last week. Egypt's bourse climbed on the back of Global Telecom, a favourite of foreign investors.
Published 29 Feb, 2016 12:00am
Dubai's Empower halts plan to go public
Exchange

Dubai's Empower halts plan to go public

Dubai air-conditioning provider Empower has halted plans to go public citing adverse market conditions, the utility's chief executive said on Tuesday, in a blow to the emirate's attempts to diversify its stock exchange.
Published 29 Feb, 2016 12:00am
Dubai's Empower halts plan to go public
Exchange

Dubai's Empower halts plan to go public

Dubai air-conditioning provider Empower has halted plans to go public citing adverse market conditions, the utility's chief executive said on Tuesday, in a blow to the emirate's attempts to diversify its stock exchange.
Published 29 Feb, 2016 12:00am
Centerbridge's Senvion plans Frankfurt listing
Exchange

Centerbridge's Senvion plans Frankfurt listing

German wind turbine maker Senvion plans to list on the Frankfurt stock exchange in the first half of this year, it said on Monday, seeking funds to finance expansion overseas. The initial public offering will be in the form of a private placement of exist
Published 29 Feb, 2016 12:00am
More yawns than yuan in China's late-night forex trade
Exchange

More yawns than yuan in China's late-night forex trade

In the fast-paced, high-risk world of foreign exchange trading, where trillions of dollars change hands every day, there's a quiet corner of the yuan market where traders can get some shut-eye, despite China's efforts to elevate its currency to the top ta
Published 29 Feb, 2016 12:00am
Post-Dieselgate, Volkswagen retools itself for faster ride

Post-Dieselgate, Volkswagen retools itself for faster ride

The biggest engineering feat on display when Volkswagen unveils its new concept car on Tuesday will be the team developing it: a post-Dieselgate management system crafted to operate faster, cheaper and with a lighter grip on the wheel.
Published 29 Feb, 2016 12:00am
India's UltraTech to buy Jaiprakash cement plants for $2.4bn

India's UltraTech to buy Jaiprakash cement plants for $2.4bn

India's UltraTech Cement Ltd, part of the Aditya Birla conglomerate, has agreed to buy Jaiprakash Associates Ltd's cement plants for an enterprise value of 165 billion rupees ($2.4 billion), the companies said on Sunday.
Published 29 Feb, 2016 12:00am
China Internet watchdog bans former tycoon's microblog

China Internet watchdog bans former tycoon's microblog

China's cyberspace watchdog said on Sunday it had ordered the closure of a microblog account of a former property tycoon, known for his bold remarks on China's economic policy, for "spreading illegal information".
Published 29 Feb, 2016 12:00am
UAE cuts gasoline prices, raises diesel

UAE cuts gasoline prices, raises diesel

The United Arab Emirates will reduce domestic prices for gasoline in March while raising them for diesel, the ministry of energy said on Sunday. The price of a litre of octane 95 gasoline will fall to 1.36 dirhams (37 US cents) from 1.47 dirhams at the st
Published 29 Feb, 2016 12:00am
Saudi central bank plans government-backed mortgage scheme

Saudi central bank plans government-backed mortgage scheme

Saudi Arabia's central bank plans to launch an "affordable mortgage" programme to finance residential real estate purchases by Saudi citizens, it said in a statement on Sunday. The central bank said it had completed co-ordination with the ministries of ho
Published 29 Feb, 2016 12:00am
Shanghai Electric to take stake, may bid for Manz

Shanghai Electric to take stake, may bid for Manz

Chinese power and electrical group Shanghai Electric has agreed to buy at least a quarter of German technology group Manz in a deal that could lead to a full take-over offer, Manz said on Sunday. The acquisition, the latest in a recent string of Chinese t
Published 29 Feb, 2016 12:00am
New protests hit France's farm show

New protests hit France's farm show

French farmers dumped flour over the stand of a leading meat producer at the country's annual farm show Sunday, a day after they heckled President Francois Hollande as he arrived at the event.
Published 29 Feb, 2016 12:00am
France prepared to extend life of nuclear reactors

France prepared to extend life of nuclear reactors

The French government is willing to support a 10-year extension to the life of the country's nuclear reactors, operated by utility EDF, Energy Minister Segolene Royal told France 3 television on Sunday. Nuclear power provides about 75 percent of France's
Published 29 Feb, 2016 12:00am
Central bank head cautions on oil price impact

Central bank head cautions on oil price impact

The European Central Bank could extend money printing, the head of France's central bank told a German newspaper on Sunday, as the long-term impact of low oil prices weighs on euro zone economies. ECB governors from across the euro zone, including France
Published 29 Feb, 2016 12:00am
Frankfurt seeks to win over FinTech whizzkids
Exchange

Frankfurt seeks to win over FinTech whizzkids

As Germany's banking capital, Frankfurt has long established itself as one of Europe's leading financial hubs. But the city, which has a rather staid and strait-laced image, is now vying with hipper and trendier centres around Europe to woo financial star
Published 29 Feb, 2016 12:00am
Australia's gold output rises as its currency shrinks
Exchange

Australia's gold output rises as its currency shrinks

Australian miners are digging deeper for more gold as a weaker currency drives bullion prices higher, a survey released on Sunday showed. Gold output in Australia - the world's second-biggest producing country after China - climbed to 285 tonnes in 2015,
Published 29 Feb, 2016 12:00am
Bangladesh stun Sri Lanka

Bangladesh stun Sri Lanka

Sabbir Rahman scored a brilliant half-century to set up a 23-run win for Bangladesh over Sri Lanka in the Asia Cup Twenty20 in Dhaka on Sunday. Sabbir hit 80 off 54 balls as Bangladesh posted a respectable 147-7 and then restricted Sri Lanka to 124-8 for
Published 29 Feb, 2016 12:00am
Infantino opens FIFA museum in first official act

Infantino opens FIFA museum in first official act

Gianni Infantino opened FIFA's new museum in his first official act as president of soccer's governing body on Sunday. The 45-year-old Swiss, previously general secretary of European soccer's governing body UEFA, was elected on Friday, ahead of Bahraini S
Published 29 Feb, 2016 12:00am
India will be tough to beat in World T20, says Smith

India will be tough to beat in World T20, says Smith

Australia skipper Steve Smith is determined to secure the one major international cricket trophy his country has never won but thinks India are going to be tough to beat when they host the World Twenty20 next month.
Published 29 Feb, 2016 12:00am
United, Spurs prevail to cut Arsenal adrift

United, Spurs prevail to cut Arsenal adrift

Teenage sensation Marcus Rashford took his tally to four goals in two games as Manchester United compromised Arsenal's Premier League title bid with a rousing 3-2 victory on Sunday. The 18-year-old, who had scored twice on his debut against FC Midtjylland
Published 29 Feb, 2016 12:00am
Kohli fined for dissent

Kohli fined for dissent

Star Indian batsman Virat Kohli was on Sunday fined 30 per cent of his match fee for misconduct during Saturday's Asia Cup match against Pakistan, the International Cricket Council said. Kohli was found to have shown dissent at an umpire's decision, said
Published 29 Feb, 2016 12:00am
Shabbir takes Zaman Memorial Open Golf title

Shabbir takes Zaman Memorial Open Golf title

Muhammad Shabbir Iqbal of Islamabad Golf Club remained unchallenged during the final round of this three rounds in the third J. A. Zaman Memorial Open Golf Championship played at Lahore Gymkhana Golf Course on Sunday.
Published 29 Feb, 2016 12:00am
Thompson is youngest to take Thailand LGPA crown

Thompson is youngest to take Thailand LGPA crown

Lexi Thompson secured a comfortable victory at the Honda LGPA tournament in Thailand on Sunday, a move that will push her past Stacy Lewis to become the top-ranked American female golfer. The 21-year-old, notching up her seventh career win, hardly broke a
Published 29 Feb, 2016 12:00am
Pakistan to bounce back from India loss, says Shoaib Malik

Pakistan to bounce back from India loss, says Shoaib Malik

Pakistan miscalculated the pitch in the Bangladeshi capital Dhaka and will learn from their mistakes after a crushing five-wicket loss to bitter rivals India, batsman Shoaib Malik said Sunday. Pakistan were bundled out for a paltry 83 in Saturday's crucia
Published 29 Feb, 2016 12:00am
Punjab, KPK Whites to play U-20 hockey final

Punjab, KPK Whites to play U-20 hockey final

Remained unbeaten in the league round Punjab White setup final showdown with Khyber Pakhtunkhwa White in the ongoing National Junior Under-20 Boys Hockey Championship being played here at Lala Ayub Hockey Stadium on Sunday. Along with Punjab, Khyber Pakht
Published 29 Feb, 2016 12:00am
Master Paints win Borjan Punjab Polo Cup final

Master Paints win Borjan Punjab Polo Cup final

Dollar East/Master Paints lived up their billing by a convincing 81/2-4 goals victory against Army Remounts in the final of the Borjan Punjab Polo Cup 2016 here at the Lahore Polo Club (LPC) on Sunday.
Published 29 Feb, 2016 12:00am
South Africa's Oosthuizen wins Perth International

South Africa's Oosthuizen wins Perth International

South Africa's Louis Oosthuizen hung on for a one-shot victory and his first win for more than two years, in the European and Asian Tour co-sanctioned Perth International at Lake Karrinyup on Sunday. A one-under 71 was enough to get the world number 21 ho
Published 29 Feb, 2016 12:00am
BP sees end in sight for oil glut, but impact will linger

BP sees end in sight for oil glut, but impact will linger

Strong demand should start to cut into an oil glut around the end of this year, even as new Iranian supplies enter the market and doubts persist over whether major oil producers will reduce output, BP's chief economist said on February 24.
Published 29 Feb, 2016 12:00am
HSBC hires Goldman's Westerman as co-head global banking

HSBC hires Goldman's Westerman as co-head global banking

HSBC has hired Matthew Westerman from Goldman Sachs to become co-head of banking in its investment banking arm, part of several changes in the structure of the unit. Westerman has been at Goldman Sachs for 16 years and was most recently chairman of its in
Published 29 Feb, 2016 12:00am
IAG sees more growth this year

IAG sees more growth this year

British Airways-owner International Airlines Group reported a 65 percent rise in annual profit, at the top end of guidance, and said profit would grow by a similar 910 million euros this year, helped by the lower oil price. For 2015, IAG, whose portfolio
Published 29 Feb, 2016 12:00am
IAG sees more growth this year

IAG sees more growth this year

British Airways-owner International Airlines Group reported a 65 percent rise in annual profit, at the top end of guidance, and said profit would grow by a similar 910 million euros this year, helped by the lower oil price. For 2015, IAG, whose portfolio
Published 29 Feb, 2016 12:00am
Swiss Re names head of reinsurance to succeed CEO
Exchange

Swiss Re names head of reinsurance to succeed CEO

Swiss Re has appointed the head of its main division to take over as CEO when Michel Lies retires in July, the world's second-biggest reinsurer said on February 23 after announcing a 31 percent rise in full-year net profit. Christian Mumenthaler, 46, who
Published 29 Feb, 2016 12:00am
Esprit reports first-half loss
Currency

Esprit reports first-half loss

Clothing retailer Esprit Holdings Ltd posted a loss in the first half, hurt by a slowdown in China and a weak euro. Esprit reported a net loss of HK$238 million ($30.7 million) for the six months ended in December, compared with a profit of HK$47 million
Published 29 Feb, 2016 12:00am
DBS profit up, net interest margin at five-year high

DBS profit up, net interest margin at five-year high

DBS Group Holdings, Singapore's biggest lender, posted a 20 percent rise in quarterly profit that beat expectations, as a higher net interest margin overcame a jump in bad debt charges and higher expenses. Southeast Asia's biggest bank by assets saw its n
Published 29 Feb, 2016 12:00am
Etisalat scraps $2 billion loan plan

Etisalat scraps $2 billion loan plan

United Arab Emirates-based Etisalat has scrapped plans to raise a $2 billion loan despite the telecommunications firm having the funds agreed with a group of local and international banks, sources aware of the matter said on February 24. Etisalat was amon
Published 29 Feb, 2016 12:00am
Qantas first half profit more than doubles

Qantas first half profit more than doubles

Australian flagship airline Qantas Airways Ltd said on February 23that first-half profit more than doubled, hitting a record, as it cut costs and reaped the benefits of a lower Australian dollar and oil price. Qantas said underlying profit before tax, the
Published 29 Feb, 2016 12:00am
Qantas first half profit more than doubles

Qantas first half profit more than doubles

Australian flagship airline Qantas Airways Ltd said on February 23that first-half profit more than doubled, hitting a record, as it cut costs and reaped the benefits of a lower Australian dollar and oil price. Qantas said underlying profit before tax, the
Published 29 Feb, 2016 12:00am
Ten-finger typing not necessarily faster, researchers find

Ten-finger typing not necessarily faster, researchers find

The number of fingers used when typing on a keyboard doesn't actually determine the speed of typing, a study by Finnish researchers has found. People who've mastered the technique of touch typing - using all 10 fingers - are not necessarily faster than th
Published 29 Feb, 2016 12:00am
Wet hands? Android smart-watches now sense flick of risk

Wet hands? Android smart-watches now sense flick of risk

Android smart-watch wearers no longer need their fingers to operate their wrist devices, thanks to an update to Android Wear designed for those who are wearing gloves, have wet hands while making dinner or have their hands full. New control options have j
Published 29 Feb, 2016 12:00am
Google is shutting down photo storage service Picasa

Google is shutting down photo storage service Picasa

Google has announced that it's shutting down its photo sharing website Picasa, with support for the desktop application ending on March 15 and Picasa Web Albums closing on May 1. Users of the service will still be able to access their Picasa Web Album pho
Published 29 Feb, 2016 12:00am
Internet by light promises to leave Wi-Fi eating dust

Internet by light promises to leave Wi-Fi eating dust

Connecting your smartphone to the web with just a lamp - that is the promise of Li-Fi, featuring Internet access 100 times faster than Wi-Fi with revolutionary wireless technology. French start-up Oledcomm demonstrated the technology at the Mobile World C
Published 29 Feb, 2016 12:00am
Huawei unveils first PC aimed at businesses

Huawei unveils first PC aimed at businesses

Chinese electronics giant Huawei on Sunday unveiled its first personal computer, a convertible tablet aimed at the premium business market that will compete with Apple's iPad Pro and the Microsoft Surface.
Published 29 Feb, 2016 12:00am
'There's a smartphone browser for every need'

'There's a smartphone browser for every need'

Smartphone browsers are now so well developed that they're not far behind their desktop cousins as aids to surf the internet, a test by German computer magazine c't has found. c't tested 15 of them, not just the most common ones, but also others that offe
Published 29 Feb, 2016 12:00am
Samsung wins US appeal in Apple patent case

Samsung wins US appeal in Apple patent case

A US appeals court on Friday handed Samsung a win over Apple in a long-running patent fight, overriding a jury verdict ordering it to pay $119.6 million to the iPhone maker. The court ruled that two Apple patents at issue were not valid, according to a co
Published 29 Feb, 2016 12:00am
EU, Brazil agree to cooperate on ultra-fast 5G

EU, Brazil agree to cooperate on ultra-fast 5G

The European Union and Brazil signed an agreement Tuesday to cooperate on developing ultra-fast 5G mobile networks, aimed at massively speeding up Internet connections on either side of the Atlantic. The agreement signed in Barcelona by EU Digital Commiss
Published 29 Feb, 2016 12:00am
Google speeds news to smart-phones, challenging Facebook

Google speeds news to smart-phones, challenging Facebook

Google on Wednesday began delivering "blazingly fast" articles to smartphones and tablets in a stepped-up challenge to Facebook to be the leading mobile news hub. The Accelerated Mobile Pages (AMP) project that was announced late last year is now live, Go
Published 29 Feb, 2016 12:00am
'Zika crisis to get worse before it gets better'

'Zika crisis to get worse before it gets better'

The Zika virus, believed to be linked to the serious birth defect microcephaly, presents a "formidable" challenge that will be hard to stamp out, World Health Organisation chief Margaret Chan said on February 24.
Published 29 Feb, 2016 12:00am
Low-dose chemo keeps cancer under control

Low-dose chemo keeps cancer under control

Rather than try to wipe out cancer with powerful doses of chemotherapy, researchers said on February 24 an experimental approach using lower amounts of medication may work better to keep tumors under control.
Published 29 Feb, 2016 12:00am
Acidic oceans stifling coral growth: study

Acidic oceans stifling coral growth: study

Scientists unveiled the first smoking-gun evidence on February 24 that growing ocean acidity caused by global warming is already stifling growth of vital coral reefs. The decline of shallow water corals, home to a quarter of the ocean's species and a life
Published 29 Feb, 2016 12:00am
Sea level rising at fastest pace in 2,800 years: study

Sea level rising at fastest pace in 2,800 years: study

The world's oceans are rising at a faster rate than any time in the past 2,800 years, and might even have fallen without the influence of human-driven climate change, researchers said. Sea levels rose globally by about 5.5 inches (14 centimeters) from 190
Published 29 Feb, 2016 12:00am
20 Indian fishermen arrested

20 Indian fishermen arrested

Pakistan has arrested 20 Indian fisherman for violating the territorial waters of the country, maritime security agency said Sunday. The Indian fishermen were arrested and brought to Karachi early Sunday morning. Their boats were also seized. "We are prep
Published 29 Feb, 2016 12:00am
MQM seeks cancellation of pacts with builder

MQM seeks cancellation of pacts with builder

MQM Rabita Committee Hyderabad has urged the higher authority to cancel all agreements made with local builder in the district. Member Rabita Committee MNA Dr Khalid Maqbool Siddiqui made this demand while addressing a press conference at Hyderabad Press
Published 29 Feb, 2016 12:00am
NBP to expand PMYBL scheme

NBP to expand PMYBL scheme

NBP's commitment and resolve to the success of PMYBL (Prime Minister's Youth Business Loan) scheme is evident from the fact that it has already disbursed approximately Rs 6.8 billion to 7,300 young entrepreneurs. NBP reiterates its resolve to continue to
Published 29 Feb, 2016 12:00am
Vitol to acquire 15 percent of Hascol

Vitol to acquire 15 percent of Hascol

Vitol Dubai Limited, part of the Vitol Group (Vitol), has entered into a Share Purchase Agreement (SPA) with a number of shareholders in Hascol Petroleum Limited (Hascol) to acquire shares equivalent 15 percent of Hascol's total share capital for a total
Published 29 Feb, 2016 12:00am
HabibMetro Bank posts 72 percent boost in profit

HabibMetro Bank posts 72 percent boost in profit

In a meeting of HabibMetro's Board of Directors held on Friday February 26, 2016 the financial results of the Bank for the year ended December 31, 2015 were approved. A 2.0 percent cash dividend of Rs 2 was declared for the year 2015, in addition to the i
Published 29 Feb, 2016 12:00am
HabibMetro Bank posts 72 percent boost in profit

HabibMetro Bank posts 72 percent boost in profit

In a meeting of HabibMetro's Board of Directors held on Friday February 26, 2016 the financial results of the Bank for the year ended December 31, 2015 were approved. A 2.0 percent cash dividend of Rs 2 was declared for the year 2015, in addition to the i
Published 29 Feb, 2016 12:00am
Hashoo Foundation's literacy initiative to achieve SDGs

Hashoo Foundation's literacy initiative to achieve SDGs

With the collaboration Taimur Khalid Khan President of Rotary Books for the World, Sulaiman Dhanani Country Director Hashoo Foundation diligently distributed 1000 books to Air Foundation, City School System, Lynux School, The Educators, The Allied School,
Published 29 Feb, 2016 12:00am
Wajih says Imran is under influence of 'pro-status quo' people

Wajih says Imran is under influence of 'pro-status quo' people

Pakistan Tehreek-e-Insaf (PTI) leader former Justice Wajihuddin Ahmed has said that the traces of corruption in the country have led the National Accountability Bureau (NAB) to the government and it is because of this very reason that the top anti-graft b
Published 29 Feb, 2016 12:00am
FPCCI to present IT industry-related issues to govt

FPCCI to present IT industry-related issues to govt

The newly elected president of the Federation of Pakistan Chambers of Commerce (FPCCI) Abdul Rauf Alam has said that the computer industry in Pakistan plays a significant role in the development and the progress of the overall economy of Pakistan. He said
Published 29 Feb, 2016 12:00am
Country's untapped resources empowered by e-commerce boom

Country's untapped resources empowered by e-commerce boom

In the Hindu Kush Mountains craftswomen painstakingly stitch flowing scarves, skilled artisans who were unable to sell their products beyond the remote region until mobile internet came to Pakistan and dropped the market into the palms of millions of prev
Published 29 Feb, 2016 12:00am
Erdogan says does not respect court ruling on journalists

Erdogan says does not respect court ruling on journalists

Turkish President Tayyip Erdogan said on Sunday he did not respect or accept a constitutional court ruling that the detention of two journalists from a leading opposition newspaper had violated their rights.
Published 29 Feb, 2016 12:00am
China to launch second space lab in third quarter

China to launch second space lab in third quarter

China will put a second space laboratory in orbit in the third quarter of this year, state news agency Xinhua said on Sunday, part of the country's plan to have a permanent manned space station in service around 2022. Advancing China's space programme is
Published 29 Feb, 2016 12:00am
Iran president's allies lead elections after Tehran rout

Iran president's allies lead elections after Tehran rout

Reformist allies of moderate President Hassan Rouhani won all 30 parliamentary seats in the Iranian capital, a major boost Sunday that pushed them into a nation-wide lead in crucial elections.
Published 29 Feb, 2016 12:00am
Russian mine disaster toll climbs to 36

Russian mine disaster toll climbs to 36

The death toll in Russia's worst mining disaster in years climbed to 36 on Sunday as officials said 26 workers missing following methane explosions at the pit in the country's frozen Arctic north could not have survived.
Published 29 Feb, 2016 12:00am
Egypt migrant departures stir new concern in Europe

Egypt migrant departures stir new concern in Europe

The European Union fears Mediterranean migrant smuggling gangs are reviving a route from Egypt, officials told Reuters, putting thousands of people to sea in recents months as they face problems in Libya and Turkey.
Published 29 Feb, 2016 12:00am
Philippines hits out at Madonna over flag stunt

Philippines hits out at Madonna over flag stunt

The Philippines criticised Madonna on Sunday for disrespecting its flag during a concert in Manila, and said it would call on organisers of future events to avoid similar incidents. Photos from one of her two concerts last week published in local media sh
Published 29 Feb, 2016 12:00am
Up to 70,000 migrants may be trapped in Greece next month

Up to 70,000 migrants may be trapped in Greece next month

The number of refugees and migrants trapped in Greece may reach 70,000 in coming weeks, Greece's migration minister said on Sunday, adding that a Nato plan to crack down on smugglers could limit migrant flows significantly.
Published 29 Feb, 2016 12:00am
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