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Print - 2016-03-19
England stun South Africa in second-highest Twenty20 run chase

England stun South Africa in second-highest Twenty20 run chase

Joe Root scored 83 as England sensationally chased down a target of 230 to stun South Africa by two wickets in the World Twenty20 in Mumbai on Friday. The classy batsman hit six fours and four sixes in his 44-ball knock as England finished on 230-8 with t
Published 19 Mar, 2016 12:00am
Recognition as Fata residents: Christian community hails decision

Recognition as Fata residents: Christian community hails decision

Members of Christian community have praised the decision of recognising them as residents of Federally Administration Tribal Areas (Fata), which they termed a great success in availing a constitutional right. President Minority Alliance Fata, Arshad Masee
Published 19 Mar, 2016 12:00am
Pakistan cricketers' income Hafeez remains top earner in 2014, 2015

Pakistan cricketers' income Hafeez remains top earner in 2014, 2015

Mohammad Hafeez, former captain and opening batsman of Pakistan Cricket team, remained the top earner in 2014 and 2015 with income of Rs 35.96 million and Rs 39.226 million, respectively. Pakistan cricket players' total income remained Rs 414.69 million i
Published 19 Mar, 2016 12:00am
Ebad directs removal of illegal bill boards within a week

Ebad directs removal of illegal bill boards within a week

Governor Sindh Dr Ishrat ul Ebad Khan has directed to remove illegal and hazardous bill boards from city roads within a week to ensure end to haphazard growth of these bill boards. He issued the directives while presiding over a meeting at Governor House
Published 19 Mar, 2016 12:00am
Adviser hands over PM's invitation to Saarc counterparts

Adviser hands over PM's invitation to Saarc counterparts

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz held separate bilateral meetings with his counterparts from Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal and Sri Lanka on the sidelines of the Saarc Inter-Summit Ministerial Meeting h
Published 19 Mar, 2016 12:00am
Small chartered aircraft makes crash landing at Karachi airport

Small chartered aircraft makes crash landing at Karachi airport

A Beechcraft-190 aircraft, which was chartered by Pakistan Petroleum Ltd (PPL), has made a crash landing immediately after taking off from Jinnah International Airport, Karachi. No fatality is reported in the incident. According to details, a Beechcraft-1
Published 19 Mar, 2016 12:00am
Cracker lobbed at a Rangers' checkpost

Cracker lobbed at a Rangers' checkpost

Unknown men on Friday targeted a Rangers' check post near Korangi Crossing area with a cracker . According to the police, the check post was partially damaged but no injury was reported. Following the incident, a heavy contingent of police and Rangers rus
Published 19 Mar, 2016 12:00am
NAB Karachi sets up office for public complaints

NAB Karachi sets up office for public complaints

National Accountability Bureau (NAB) Karachi on the directives of the Chairman NAB has established a complaint desk receive and register complaints from general public. Alongside "walk in complainants" will also be held on daily basis between 10 am to 12
Published 19 Mar, 2016 12:00am
Rana Mashhood vows to make no compromise on merit

Rana Mashhood vows to make no compromise on merit

The Punjab Minister for Education and Youth Affairs Rana Mashhood Khan has vowed to make no compromise on merit, saying that stability of Pakistan can only be achieved through meritocracy. He was speaking at a seminar in connection with Pakistan Day organ
Published 19 Mar, 2016 12:00am
ICI Dulux introduces Velvet Touch

ICI Dulux introduces Velvet Touch

AkzoNobel, one of the world's leading global paints and Coatings Company has launched ICI Dulux Velvet Touch - a range of premium interior and special effects wall paints. Created by colour experts and designers, Velvet Touch is based on an advanced paint
Published 19 Mar, 2016 12:00am
'Pakistan should highlight soft image through missions, media

'Pakistan should highlight soft image through missions, media

"Pakistan needs to market itself as a tourist destination as it is endowed with beautiful landscapes, sceneries, historical heritage and other attractive places for international tourists," Chief Executive Officer of the Pacific Asia Travel Association Ma
Published 19 Mar, 2016 12:00am
PEEP, PAMCO sign MoU

PEEP, PAMCO sign MoU

Representatives from the Punjab Enabling Environment Project (PEEP), funded by the United States Agency for International Development (USAID), and the Punjab Agriculture and Meat Company (PAMCO) signed a Memorandum of Understanding (MuU) to explore opport
Published 19 Mar, 2016 12:00am
UET Peshawar producing quality engineers: VC

UET Peshawar producing quality engineers: VC

Professor Dr Iftikhar Hussain, Vice Chancellor of University of Engineering and Technology, Peshawar has said that being the only public sector engineering university in Khyber Pakhtunkhwa, UET Peshawar is providing a helping hand in the development of th
Published 19 Mar, 2016 12:00am
'Italy is exploring Pakistan as investment option'

'Italy is exploring Pakistan as investment option'

Italy is currently exploring Pakistan as an investment option it has an ample supply of cheap labour and the potential to be a regional hub for exports. Italian diplomat Stefano Pontecorvo said this while speaking with members of the All Pakistan Business
Published 19 Mar, 2016 12:00am
AutoSoft, FINCA join hands for implementation of AutoMWALLET
Currency

AutoSoft, FINCA join hands for implementation of AutoMWALLET

AutoSoft Dynamics (Pvt) Limited, a leading banking automation solution provider and FINCA Microfinance Bank Limited, one of the fastest growing microfinance networks in Pakistan have signed a landmark agreement to implement AutoSoft's AutoMWALLET Branchle
Published 19 Mar, 2016 12:00am
QHUSTC to send master trainers to TEVTA

QHUSTC to send master trainers to TEVTA

The Qingdao Hengxing University of Science and Technology China (QHUSTC) will send master trainers to the Technical Education and Vocational Training Authority (TEVTA) to train the Punjab youth in the Chinese language. The university will also provide tec
Published 19 Mar, 2016 12:00am
PMD warns of landslides, avalanches in hilly areas

PMD warns of landslides, avalanches in hilly areas

Pakistan Meteorological department has warned that there is a possibility of landslides and avalanches in hilly areas of Malakand, Hazara and Kashmir on Saturday(today). Hailstorms are also expected in Malakand, Hazara, Kashmir and Potohar regions. It sai
Published 19 Mar, 2016 12:00am
'Afkaar-e-Taaza' moot in April

'Afkaar-e-Taaza' moot in April

The Centre for Governance and Policy at the IT University of Punjab is arranging its first annual conference "Afkaar-e-Taaza" (rescuing the past, shaping the future) from April 1 to 3, at Alhamra Cultural Complex at the Gaddafi Stadium in Lahore. Fifty sc
Published 19 Mar, 2016 12:00am
UAF VC inaugurates 'Green Pakistan Programme'

UAF VC inaugurates 'Green Pakistan Programme'

University of Agriculture Faisalabad (UAF) Vice-Chancellor Professor Dr Iqrar Ahmad Khan on Friday inaugurated 'Green Pakistan Programme' at the Directorate of Farms, UAF. Speaking on the occasion, he said that government was taking tangible steps to incr
Published 19 Mar, 2016 12:00am
15 killed, 19 injured in rain-related incidents

15 killed, 19 injured in rain-related incidents

Fifteen persons were killed and 19 injured in various rain-related incidents in different parts of Khyber Pakhtunkhwa from March 11 to 18, said Provincial Disaster Management Authority (PDMA), Khyber Pakhtunkhwa here Friday. The largest five casualties ha
Published 19 Mar, 2016 12:00am
Four alleged militants, 107 POs held in Dir Upper

Four alleged militants, 107 POs held in Dir Upper

The district police claimed to have arrested four suspected militants along with 107 proclaimed offenders (POs) in various areas in Dir Upper and recovered arms from their positions. Talking to the media person at his office, District Police Officer (DPO)
Published 19 Mar, 2016 12:00am
NHA approves construction of flyover in Gujrat

NHA approves construction of flyover in Gujrat

The Executive Board of National Highway Authority (NHA) has approved the construction of flyover at Shaheen Chowk on Gujrat Bypass (N-5) in district Gujrat. The decision was taken in the meeting at NHA HQ on Friday. Chairman NHA Shahid Ashraf Tarar presid
Published 19 Mar, 2016 12:00am
Promotion of education, health sectors in FATA top priority: Jhagra

Promotion of education, health sectors in FATA top priority: Jhagra

Khyber Pakhtunkhwa Governor Iqbal Zafar Jhagra has said that promotion of education and uplift of health sector in FATA was the top most priority of incumbent government adding that concrete steps on war footings been taken for the development of health s
Published 19 Mar, 2016 12:00am
Peace in KP linked to stability in Afghanistan: CM

Peace in KP linked to stability in Afghanistan: CM

KP Chief Minister Pervez Khattak has linked restoration of peace in the province with stability in Afghanistan and said that terrorism is global issue and there is dire need of courage and unified struggle to combat it. He said this while speaking at the
Published 19 Mar, 2016 12:00am
Clarification

Clarification

This is with reference to a news item 'Commerce Ministry refuses to pay subsidy to MoDP' published in Business Recorder on 16th March 2016. The Ministry of Commerce (MoC) and Ministry of Defence Production (MoDP) clarify the news item. The Ministry
Published 19 Mar, 2016 12:00am
Opening of Peshawar Mor Interchange may be delayed again

Opening of Peshawar Mor Interchange may be delayed again

The much awaited inauguration of Peshawar Mor Interchange, Islamabad, is likely to be delayed once again. The interchange project was scheduled to be completed in April last year, but it still seems to be far away from completion. Rawalpindi Development A
Published 19 Mar, 2016 12:00am
Dry winter leaves farmers looking for work in town

Dry winter leaves farmers looking for work in town

Wheat farmer Nasir Tauqeer Khan would rather be home working in his fields. But since January, with rains failing, he has laboured instead at a construction site in Islamabad. "Had I stayed behind in my village, my family would have been starving," the 45
Published 19 Mar, 2016 12:00am
Import of textile machinery up 5.48 percent

Import of textile machinery up 5.48 percent

Import of textile machinery recorded an increase of 5.48 percent to $263.491 million in July-January 2015-16, official figures show. The rise in import of textile machinery import comes to $13.692 million in July-January 2015-16 from $249.799 million in J
Published 19 Mar, 2016 12:00am
Telenor, Samsung launch Galaxy S7, S7 Edge

Telenor, Samsung launch Galaxy S7, S7 Edge

Enriching its portfolio of powerful 3G-enabled handsets, Telenor Pakistan and Samsung have launched Galaxy S7 and S7 Edge smart phones. As a Telenor-exclusive first-come first-served offer, any customer who buys S7 or S7 Edge on cash from Telenor gets a f
Published 19 Mar, 2016 12:00am
Reon Energy holds seminar

Reon Energy holds seminar

Reon Energy Limited, a local solar energy firm, organised a seminar on Industrial and Commercial Solar EPC Solutions here at the IBL building for consultants and contractors. The event discussed the advances in solar energy technologies as well as the fea
Published 19 Mar, 2016 12:00am
MCC Gwadar seizes smuggled goods worth Rs 12.7 million

MCC Gwadar seizes smuggled goods worth Rs 12.7 million

Model Customs Collectorate, Gwadar has claimed to have seized huge quantity of smuggled goods worth Rs 12.7 million from two passenger buses at Bawani area. According to details, Collector MCC Gwadar Saeed Akram had received the information that some unsc
Published 19 Mar, 2016 12:00am
International Plastic, Printing, Packaging Equipment Fair ends

International Plastic, Printing, Packaging Equipment Fair ends

Over 15,000 people, belonging to various countries, visited the three-day "12th International Plastic, Printing, Packaging and Food, Equipment & Technology Exhibition" which concluded here at Expo Centre on Thursday. Besides, over 250 companies from 25 co
Published 19 Mar, 2016 12:00am
Oracle showcases SPARC M7 Systems in Pakistan

Oracle showcases SPARC M7 Systems in Pakistan

Oracle brings the all-new family of SPARC systems designed to seamlessly integrate with existing infrastructure and include fully integrated virtualization and management for cloud, to Pakistan. Oracle SuperCluster M7 engineered system and SPARC T7 and M7
Published 19 Mar, 2016 12:00am
Al Baraka Bank, Al-Ghazi Tractors ink MoU

Al Baraka Bank, Al-Ghazi Tractors ink MoU

Agricultural sector of Pakistan has made significant contribution to the Gross Domestic Product (GDP). State Bank of Pakistan has always taken keen interest in providing credit facilities for agriculture sector to support existing farmers to expand their
Published 19 Mar, 2016 12:00am
Al Baraka Bank, Al-Ghazi Tractors ink MoU

Al Baraka Bank, Al-Ghazi Tractors ink MoU

Agricultural sector of Pakistan has made significant contribution to the Gross Domestic Product (GDP). State Bank of Pakistan has always taken keen interest in providing credit facilities for agriculture sector to support existing farmers to expand their
Published 19 Mar, 2016 12:00am
Four dead, 30 injured in Thatta coach-van collision

Four dead, 30 injured in Thatta coach-van collision

At least four persons were killed and 30 others sustained severe injuries in collision between a passenger coach and van near Dhabeji area here on Friday. According to Police sources, the coach was going to Badin from Karachi rammed into a van coming from
Published 19 Mar, 2016 12:00am
Hubco's $2.4 billion coal-fired power plant nears completion

Hubco's $2.4 billion coal-fired power plant nears completion

Hub Power Company (Hubco) is in advanced stages of developing 1320 megawatts coal-fired power plant at an estimated cost of $2.4 billion, the company officials told Federal Minister for Water and Power Khawaja Asif on Friday.
Published 19 Mar, 2016 12:00am
Hyderabad office to open next week: Qaimkhani

Hyderabad office to open next week: Qaimkhani

MQM's dissident Anees Qaimkhani Friday announced the launch of main office of Mustafa Kamal's political party in Hyderabad next week. "We are going to Hyderabad next week to inaugurate our main office there," Qaimkhani, a close aide of Mustafa Kamal, told
Published 19 Mar, 2016 12:00am
Protest against threats held

Protest against threats held

Heer Kolhi, a resident of District Badin registered his protest against two local influential persons of his hometown who he blamed threatened him and his family to leave the village. Protesting outside Hyderabad Press Club (HPC) on Friday, he accused the
Published 19 Mar, 2016 12:00am
1965 war hero: Third death anniversary of MM Alam observed

1965 war hero: Third death anniversary of MM Alam observed

The third death anniversary of the 1965 war hero Muhammad Mahmood Alam, popularly known as MM Alam, was observed across the country on Friday. Alam is considered a national hero for Pakistan, most significantly, for his remarkable show of brilliance in th
Published 19 Mar, 2016 12:00am
DCK projects reviewed

DCK projects reviewed

DHA City Karachi (DCK) Steering Committee Meeting chaired by Administrator DHA Brigadier Zubair Ahmed was held in the Conference Room at the project site to review/evaluate the progress of the ongoing development activities of DHA City in all its ramifica
Published 19 Mar, 2016 12:00am
Tribute paid to Hafeez Pirzada

Tribute paid to Hafeez Pirzada

The Endowment Fund Trust for Preservation of Heritage of Sindh and the Mohatta Palace Museum have organised a tribute for late Abdul Hafeez Pirzada, Pakistan eminent lawyer and author of the 1973 Constitution, at Mohatta Palace Museum, on Saturday. Chief
Published 19 Mar, 2016 12:00am
Sit-ins in Islamabad: larger SC bench disposes of pleas

Sit-ins in Islamabad: larger SC bench disposes of pleas

A 5-member larger bench of the Chief Justice of Pakistan Anwar Zaheer Jamali disposed of identical pleas filed by Supreme Court Bar Association (SCBA), all the provincial High Court Bar Association and Islamabad District Bar Association against the sit-in
Published 19 Mar, 2016 12:00am
Return to Pakistan: Musharraf submits written assurance, claims Saad

Return to Pakistan: Musharraf submits written assurance, claims Saad

Federal Railways Minister Khawaja Saad Ahmed said that former President Pervez Musharraf submitted a written assurance about his return to Pakistan after treatment. "Our opponents had launched criticism when some ministers gave statements against him (Mus
Published 19 Mar, 2016 12:00am
Daughters of policemen: Punjab ombudsman directs IGP to pay dowry amount

Daughters of policemen: Punjab ombudsman directs IGP to pay dowry amount

Ombudsman Punjab Javed Mahmood has directed Inspector General Police (IGP) to allow dowry amount out of the department's "Jahez Fund' to all the daughters of police officers/officials (in service and retired) as was being done by the Punjab government for
Published 19 Mar, 2016 12:00am
12 culprits arrested during IESCO raids

12 culprits arrested during IESCO raids

Islamabad Electric Supply Company (IESCO) apprehended 12 electricity thieves upon the special directives of Chief Executive Officer Dr Rana Abdul Jabbar Khan in different areas of IESCO Region. According to the details, 02 culprits were caught red handed
Published 19 Mar, 2016 12:00am
Cadet College Gadap to be one of the best institutions of Asia: Qaim

Cadet College Gadap to be one of the best institutions of Asia: Qaim

Sindh Chief Minister, Syed Qaim Ali Shah, has said that he wants to see Cadet College Gadap as one of the best educational institutions not only in Pakistan but also in Asia. "This is the reason that I have made Corps Commander Karachi as Chairman of its
Published 19 Mar, 2016 12:00am
Panel discussion on 'water for livelihoods' held

Panel discussion on 'water for livelihoods' held

Nestlé Pakistan, in partnership with WWF-Pakistan and Lahore University of Management-Water Informatics and Technology Centre hosted on Friday a panel discussion on "water for livelihoods" in line with the theme for this year's United Nations-World Water
Published 19 Mar, 2016 12:00am
New RLNG gas connections: PIAF hails decision

New RLNG gas connections: PIAF hails decision

Pakistan Industrial & Traders Associations Front (PIAF) has welcomed Ministry of Petroleum and Natural Resources' decision that it has initiated the process of approving new gas supply connections to industrial consumers. He said ministry is ensuring new
Published 19 Mar, 2016 12:00am
New RLNG gas connections: PIAF hails decision

New RLNG gas connections: PIAF hails decision

Pakistan Industrial & Traders Associations Front (PIAF) has welcomed Ministry of Petroleum and Natural Resources' decision that it has initiated the process of approving new gas supply connections to industrial consumers. He said ministry is ensuring new
Published 19 Mar, 2016 12:00am
NAB begins probe against Raisani

NAB begins probe against Raisani

National Accountability Bureau (NAB) has begun probe into alleged excessive use of powers and illegal appointments by former chief minister of Balochistan Nawab Aslam Raisani. According to the NAB sources, interrogation against the Balochistan's former ch
Published 19 Mar, 2016 12:00am
Habitual petitioner fined

Habitual petitioner fined

The Lahore High Court in its decision fined Rs 10,000 against filing a frivolous application against permission given to former president Pervez Musharraf. Syed Iqtidar Shah, who holds the American nationality and had been a habitual petitioner, argued in
Published 19 Mar, 2016 12:00am
Notorious criminal Brohi killed in encounter
Exchange

Notorious criminal Brohi killed in encounter

A notorious criminal who was allegedly involved in high profile kidnappings among other crimes was shot dead in a police encounter in Tando Allahyar district. According to a press statement issued here Friday by the DIG Hyderabad's Office, the slain suspe
Published 19 Mar, 2016 12:00am
PEPC reviews amendments to Punjab Environment Protection Act

PEPC reviews amendments to Punjab Environment Protection Act

The Punjab Environmental Protection Council has reviewed a string of amendments in the 1997 Punjab Environment Protection Act (amended 2012) and told the provincial Environment Department to complete their process to make it more effective through the pro
Published 19 Mar, 2016 12:00am
Japan likely to react strongly to auto policy

Japan likely to react strongly to auto policy

Japanese government is likely to react very strongly to the "discriminatory" auto policy approved by the Economic Co-ordination Committee of the Cabinet headed by Finance Minister Ishaq Dar. Well informed sources told Business Recorder that Japanes
Published 19 Mar, 2016 12:00am
Prime Minister forms body to rejuvenate Independence Day celebrations

Prime Minister forms body to rejuvenate Independence Day celebrations

Prime Minister Muhammad Nawaz Sharif Friday formed a committee tasked with the formulation of recommendations to ensure that the Independence Day was celebrated in the country in a way to rejuvenate the true and indomitable spirit of nationalism.
Published 19 Mar, 2016 12:00am
National Conference of Museum begins today

National Conference of Museum begins today

Museums Association of Pakistan (MAP) is holding a two-day 2nd National Conference of Museums at Expo Center Lahore on Saturday and Sunday. Walled City of Lahore Authority (WCLA) Director General Kamran Lashari will be the chief guest of this conference,
Published 19 Mar, 2016 12:00am
How to promote a neighbourly and brotherly relation

How to promote a neighbourly and brotherly relation

Iran and Pakistan are two neighbouring countries that enjoy historical and brotherly relations. Iran is the first country that recognised the independence of Pakistan and from the beginning of relations till now there has not been any dark point in the bi
Published 19 Mar, 2016 12:00am
IS claims five Russian troops killed near Syria's Palmyra

IS claims five Russian troops killed near Syria's Palmyra

The Islamic State jihadist group has claimed the killing of five Russian troops in fighting near the ancient Syrian city of Palmyra. "The soldiers of the caliphate, by the grace of God, have killed five Russian soldiers and six members" of the Syrian army
Published 19 Mar, 2016 12:00am
China to build nuclear plant in polluted Hebei province

China to build nuclear plant in polluted Hebei province

China aims to build a nuclear reactor in the heavily polluted province of Hebei, which surrounds the capital Beijing, in a bid to cut smog and promote cleaner energy, the head of the country's nuclear agency said on Friday. Hebei is home to seven of China
Published 19 Mar, 2016 12:00am
US welcomes Saudi move

US welcomes Saudi move

As tribal mediation brings calm to the Saudi-Yemen border after a nearly year-long campaign led by Riyadh against Yemeni rebels, Washington has welcomed talk of an end to the coalition's major combat.
Published 19 Mar, 2016 12:00am
Cuba offers olive branch ahead of Obama visit but slams embargo
Exchange

Cuba offers olive branch ahead of Obama visit but slams embargo

Cuba made a rare gesture of reciprocity to the United States on Thursday, three days before a historic visit by US President Barack Obama, but the olive branch was wrapped in spiky rhetoric against decades-old economic sanctions. Foreign Minister Bruno Ro
Published 19 Mar, 2016 12:00am
Red Cross sounds alarm on rising casualties in 'ignored' Afghanistan

Red Cross sounds alarm on rising casualties in 'ignored' Afghanistan

The humanitarian situation in Afghanistan is in a "downward spiral", the head of the International Committee of the Red Cross (ICRC) warned on Friday, as he sounded the alarm on rising attacks against medical facilities. "There are more displaced people,
Published 19 Mar, 2016 12:00am
Lukewarm Labour support risks Cameron's Brexit campaign

Lukewarm Labour support risks Cameron's Brexit campaign

Conservative Prime Minister David Cameron needs left-wing voters to keep Britain in the European Union in a June referendum, but the opposition Labour leader has so far shown little enthusiasm to deliver them. Jeremy Corbyn has committed his centre-left L
Published 19 Mar, 2016 12:00am
Obama to host Nordic leaders in May

Obama to host Nordic leaders in May

President Barack Obama will welcome the leaders of five Nordic countries on May 13, with extremism and terrorism chief among the topics up for discussion, the White House said Friday. Also on the table at the US-Nordic Leaders Summit, which comes after a
Published 19 Mar, 2016 12:00am
EU urges more countries to impose sanctions on Russia over Crimea

EU urges more countries to impose sanctions on Russia over Crimea

The European Union called on Friday for more countries to impose sanctions on Russia over its annexation of Ukraine's Crimean peninsula two years ago, but the Kremlin said Crimea was Russian land and its status non-negotiable. In a statement issued on the
Published 19 Mar, 2016 12:00am
North Korea fires ballistic missile into sea

North Korea fires ballistic missile into sea

North Korea fired what appeared to be a medium-range ballistic missile into the sea Friday, just days after leader Kim Jong-Un ordered further nuclear warhead and missile tests, South Korea's defence ministry said. A ministry spokesman said the missile wa
Published 19 Mar, 2016 12:00am
German former foreign minister Guido Westerwelle dies

German former foreign minister Guido Westerwelle dies

Former German foreign minister Guido Westerwelle, one of the country's most prominent openly gay politicians, died Friday, aged 54, after a long battle with leukaemia, his charity foundation said. "We mourn our leader Guido Westerwelle," said his foundati
Published 19 Mar, 2016 12:00am
UN blames Saudi-led forces for most Yemen deaths

UN blames Saudi-led forces for most Yemen deaths

The Saudi-led coalition bombing Yemen for one year has caused the vast majority of civilian deaths in the conflict, the UN rights chief said Friday, warning international crimes may have been committed. During its campaign against Iran-backed rebels in Ye
Published 19 Mar, 2016 12:00am
Mass rallies as Brazil political crisis deepens
Exchange

Mass rallies as Brazil political crisis deepens

Brazil faced a deepening political crisis and mass street protests Friday as opponents and backers of President Dilma Rousseff mobilised after lawmakers renewed efforts to drive her from office. With Rousseff fighting an impeachment drive and financial ma
Published 19 Mar, 2016 12:00am
US natural gas futures up on cooler forecast
Exchange

US natural gas futures up on cooler forecast

US natural gas futures edged higher on Wednesday on forecasts for slightly cooler weather over the next two weeks that is expected to boost heating demand a bit. After climbing up in eight of the past nine trading days in a technical, short-covering rally
Published 19 Mar, 2016 12:00am
J Walter Thompson CEO quits after being accused of slurs

J Walter Thompson CEO quits after being accused of slurs

The chief executive of the J. Walter Thompson advertising agency resigned on Thursday, one week after a female subordinate accused him in a lawsuit of racist and sexist behavior. WPP Plc, the British parent of JWT, said Gustavo Martinez resigned "by mutua
Published 19 Mar, 2016 12:00am
ECB could cut rates again if economy fails to pick up: Praet
Currency

ECB could cut rates again if economy fails to pick up: Praet

The European Central Bank can cut interest rates again if the euro zone's economy fails to pick up and, under extreme circumstances, it might even consider printing money and giving it out directly to people, its chief economist said in a newspaper interv
Published 19 Mar, 2016 12:00am
China home prices post biggest rise in almost 2-year on red-hot demand

China home prices post biggest rise in almost 2-year on red-hot demand

China's home prices rose at their fastest clip in almost two years in February thanks to red-hot demand in big cities, but risks of overheating in some places combined with weak growth in smaller cities threaten to put more stress on an already slowing ec
Published 19 Mar, 2016 12:00am
China to make pre-emptive policy changes to spur growth: PM

China to make pre-emptive policy changes to spur growth: PM

China, which expanded at its slowest pace in 25 years last year, will make pre-emptive policy changes to support growth and ward off financial risk, Premier Li Keqiang said in remarks published on Friday. The government would make sure it achieved its mai
Published 19 Mar, 2016 12:00am
Bank heist puts Philippines financial system at risk
Exchange

Bank heist puts Philippines financial system at risk

The Philippines' financial system is facing a risk because of the $81 million that was stolen by hackers from the New York Fed account of Bangladesh's central bank and then transferred to Manila, the country's central bank governor said on Friday. "If you
Published 19 Mar, 2016 12:00am
Russian central bank holds rates, says tight policy to continue

Russian central bank holds rates, says tight policy to continue

The Russian central bank left its main lending rate at 11 percent on Friday, sending a relatively hawkish signal about its willingness to persist with moderately tight monetary policy despite signs of a stabilising economy. Analysts had predicted no chang
Published 19 Mar, 2016 12:00am
British government faces criticism over budget

British government faces criticism over budget

British finance minister George Osborne on Thursday faced stiff criticism over his budget on Friday as opposition emerged from within his own Conservative party over proposed disability benefit cuts. Ministers were under pressure as Conservative lawmakers
Published 19 Mar, 2016 12:00am
Bangladesh central bank 'complicit' in heist: minister
Exchange

Bangladesh central bank 'complicit' in heist: minister

The Bangladesh finance minister has accused central bank officials of being complicit in an audacious $81 million theft from an overseas account, in an interview with a leading Bengali newspaper published Friday. Hackers stole the money from the Banglades
Published 19 Mar, 2016 12:00am
India slashes interest rates for small saving schemes

India slashes interest rates for small saving schemes

The Indian government cut interest rates on Friday for term deposits offered to millions of small savers to align them with market rates, which have come down after rate cuts by the central bank last year. The government cut the one-year term deposit rate
Published 19 Mar, 2016 12:00am
Big Indonesia investment-rules changes to take effect soon

Big Indonesia investment-rules changes to take effect soon

Major easing of foreign investment restrictions that Indonesia announced last month as a "big bang" liberalisation should become effective by the end of March, a senior official said on Friday. Edy Putra Irawady, deputy co-ordinating economic minister, sa
Published 19 Mar, 2016 12:00am
Indonesia central bank chief calls on govt to address fiscal concerns

Indonesia central bank chief calls on govt to address fiscal concerns

A day after slashing interest rates, Indonesia's central bank governor on Friday called on the government to address some fiscal concerns on revenue and subsidies to win an investment grade rating from Standard & Poor's. Bank Indonesia (BI), which has bee
Published 19 Mar, 2016 12:00am
Sheraton owner Starwood set to accept offer from China's Anbang

Sheraton owner Starwood set to accept offer from China's Anbang

Starwood Hotels & Resorts Inc, the operator of Sheraton and Westin hotels, said on Friday it planned to accept a raised buyout offer from a group led by China's Anbang Insurance and scrap its deal with Marriott International Inc. A successful deal would b
Published 19 Mar, 2016 12:00am
Canadian January retail sales rebound

Canadian January retail sales rebound

Canadian retail sales rebounded strongly in January, boosting the likelihood that growth in the first quarter will be better than anticipated giving the Bank of Canada room to stay on the sidelines. Separate data showed a slowdown in the annual inflation
Published 19 Mar, 2016 12:00am
US Midwest corn bids mixed

US Midwest corn bids mixed

Corn spot basis bids were steady to mixed around the US Midwest on Wednesday as futures hovered near three-week highs, enticing some farmers to sell small amounts of last year's harvest, grain merchants said. Basis bids gained by 3 cents per bushel at a c
Published 19 Mar, 2016 12:00am
Cotton market: strong demand by spinners help rates soar
Cotton

Cotton market: strong demand by spinners help rates soar

Prices showed steadier trend on the cotton market on Friday amid persistent demand by mills and spinners in the process of trading, dealers said. The official spot rate was up by Rs 50 to Rs 5,250, dealers said. In Sindh, seed cotton prices were at Rs 200
Published 19 Mar, 2016 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 137,075 tonnes of cargo comprising 108,950 tonnes of import cargo and 28,125 tonnes of export cargo including 7,293 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 108
Published 19 Mar, 2016 12:00am
Spring in Karachi

Spring in Karachi

Spring is the season of colours, fresh buds bloom, flowers, and fragrance. Lovely and sparkling yellow, pink, red, orange, and purple flowers announce the transition of the season and invite everyone to appreciate the beauty of nature. Spring is a sign of
Published 19 Mar, 2016 12:00am
Men's fashion: pleats & baggier pants are back

Men's fashion: pleats & baggier pants are back

Fashion frequently witnesses counter-trends. As soon as one trend has established itself with the wider public, the first adopters have already moved on. Even as every half-trendy man pulls on his slim-fit pants, the trend is already out of fashion.
Published 19 Mar, 2016 12:00am
BOOK REVIEWS: Mulaqatein Kia Kia

BOOK REVIEWS: Mulaqatein Kia Kia

Left leaning political activist, writer and turned publisher Furrukh Sohail Goindi has facilitated political workers, historians, academicians, students of national affairs and politics by publishing "Mulaqatein Kia Kia" based on 27 interviews conducted b
Published 19 Mar, 2016 12:00am
A lens into the soul of a city

A lens into the soul of a city

There are very few writers who are able to catch the dichotomy of Karachi so well. There are even fewer writers who can get into the skins of their characters and speak to the reader through complicated personalities, perspectives that rest at both ends o
Published 19 Mar, 2016 12:00am
The nutty nuts

The nutty nuts

Peanut (Arachis hypogeae Linn,) is also called earthnut, groundnut, goober and pindar in common English. In Urdu, it is called 'mungphalli'. It is a small prostrate tropical plant that can grow to a height of 50 centimeters and does well in sandy loam soi
Published 19 Mar, 2016 12:00am
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