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Print - 2016-07-05
China's Midea buys nearly half of German robotics firm Kuka

China's Midea buys nearly half of German robotics firm Kuka

Chinese appliances giant Midea moved a step closer to fulfilling its ambition to acquire German industrial robotics firm Kuka with two weekend deals raising its stake to nearly a majority. Two of Kuka's biggest German shareholders - technology company Voi
Published 05 Jul, 2016 12:00am
Turkish inflation exceeds forecasts

Turkish inflation exceeds forecasts

Turkey's consumer prices rose a greater-than-expected 0.47 percent month-on-month in June, official data showed on Monday, but the upside surprise was not seen changing expectations of further monetary policy easing.
Published 05 Jul, 2016 12:00am
Eurozone producer prices rebound more than expected in May
Currency

Eurozone producer prices rebound more than expected in May

Eurozone producer prices rose more than expected in May, posting this year's monthly highest increase, driven mainly by soaring energy prices, estimates from the European Union's statistics office Eurostat showed on Monday. Eurostat said prices at factory
Published 05 Jul, 2016 12:00am
Osborne targets business tax cut in Brexit fightback

Osborne targets business tax cut in Brexit fightback

British Finance minister George Osborne said Monday he would seek to slash corporation tax over fears of a corporate exodus following the country's shock decision to leave the European Union.
Published 05 Jul, 2016 12:00am
Britain plans to cut corporate tax to under 15 percent

Britain plans to cut corporate tax to under 15 percent

British finance minister George Osborne plans to slash corporation tax to under 15 percent to tempt businesses to stay following the country's shock vote to leave the European Union, the Financial Times reported Sunday.
Published 05 Jul, 2016 12:00am
UK construction battered in June by Brexit fears: Markit

UK construction battered in June by Brexit fears: Markit

Britain's construction industry suffered its worst contraction in seven years in June as concern grew about a referendum on European Union membership, according to a survey that was mostly conducted before Britain voted on June 23 to quit the EU.
Published 05 Jul, 2016 12:00am
Rib agony forces Nishikori out

Rib agony forces Nishikori out

Japanese fifth seed Kei Nishikori pulled out of Wimbledon in agony on Monday mid-way through his last 16 match against Marin Cilic, overcome by the pain from his rib injury. Nishikori looked completely out of sorts on Court Two and consulted the trainer a
Published 05 Jul, 2016 12:00am
Federer, Querrey advance

Federer, Querrey advance

Roger Federer reached his 14th Wimbledon quarter-final and tied Martina Navratilova's all-time Grand Slam record of 306 match wins on Monday. The seven-time champion achieved his double landmark by seeing off Steve Johnson of the United States 6-2, 6-3, 7
Published 05 Jul, 2016 12:00am
Cibulkova stuns Radwanska, Kerber cruises at Wimbledon

Cibulkova stuns Radwanska, Kerber cruises at Wimbledon

Bride-to-be Dominika Cibulkova sent world number three Agnieszka Radwanska crashing out of Wimbledon on Monday, while Australian Open champion Angelique Kerber cruised into the quarter-finals.
Published 05 Jul, 2016 12:00am
Ramazan Futsal tournament ends

Ramazan Futsal tournament ends

Clubs Rooni and Donga have won the Inter-Academies Ramazan ul Mubarak Futsal tournament at the Model Town Football Ground. In the final, Donga defeated Robiniho by 2-0, with a goal apiece from the latter's Asim and Arif. In other match, Rooni beat Babito
Published 05 Jul, 2016 12:00am
Six Cuban volley players suspected

Six Cuban volley players suspected

Six members of Cuba's national volleyball team remained in custody over a suspected rape case in Finland, while two others have been released, local police said on Monday.
Published 05 Jul, 2016 12:00am
PCB rubbishes claims about chairman's 'salary'

PCB rubbishes claims about chairman's 'salary'

The Pakistan Cricket Board (PCB) has made it clear that Chairman Shaharyar Khan has never taken any salary for his work after a string of claims over daily allowances he has received for the entire England tour. "For his ongoing tour of England, the expen
Published 05 Jul, 2016 12:00am
Aamir strikes as Somerset collapse

Aamir strikes as Somerset collapse

Pakistan's Mohammad Aamir marked his return to first-class cricket in England with three wickets as Somerset collapsed at Taunton on Monday. Left-arm fast bowler Aamir took three for 36 in 11 overs, all top-order wickets including former England opener Ma
Published 05 Jul, 2016 12:00am
Torres signs new contract

Torres signs new contract

Spanish international striker Fernando Torres has signed a new one-year contract with Atletico Madrid, the Spanish club announced Monday. The 32-year-old returned to Atletico on an 18-month loan deal from AC Milan in December 2014 and had been a free agen
Published 05 Jul, 2016 12:00am
France end Iceland's dream run with crushing win

France end Iceland's dream run with crushing win

France swept emphatically into the Euro 2016 semi-finals and brought Iceland's fairytale run to a crushing halt as Olivier Giroud scored twice in a 5-2 win on Sunday to set up a mouth-watering last-four clash with Germany. Paul Pogba, Dimitri Payet and An
Published 05 Jul, 2016 12:00am
EU tells Barcelona, Real to repay state aid

EU tells Barcelona, Real to repay state aid

The EU on Monday ordered seven Spanish football clubs including Barcelona and Real Madrid to pay back millions of euros (dollars) in illegal state aid. The European Commission said Spanish government support, including tax breaks and overpriced land trans
Published 05 Jul, 2016 12:00am
Chitral floods: PPP leaders express condolences

Chitral floods: PPP leaders express condolences

PPP leaders Rahimdad Khan and Engineer Mohammad Hamayun Khan have expressed deep grief and sorrow over large-scale devastations from rains and floods in Chitral. Expressed heartiest sympathies with the bereaved families, they demanded of both provincial a
Published 05 Jul, 2016 12:00am
BNP Group files petition against CDA for sealing apartments

BNP Group files petition against CDA for sealing apartments

The under-construction skyscraper located at a scenic location of federal capital again came into limelight as management of high rise residential apartments went into litigation against the Capital Development Authority (CDA) for sealing the apartments.
Published 05 Jul, 2016 12:00am
Cotton sowing registers 11 percent decline
Cotton

Cotton sowing registers 11 percent decline

The cotton crop prospects for the upcoming season (2016-17) are not very bright as sowing registered a significant decline of 11 percent compared to the same period of preceding year, official sources revealed.
Published 05 Jul, 2016 12:00am
Saad-led team to visit China this month

Saad-led team to visit China this month

-A delegation headed by Railway Minister Khawaja Saad Rafique will visit China this month (July) after Eid to discuss financing of $ 8.2 billion Railways and Gwadar projects with Chinese government under China-Pakistan Economic Corridor (CPEC).
Published 05 Jul, 2016 12:00am
AJK elections: Nisar says troops will be deployed

AJK elections: Nisar says troops will be deployed

Army troops will be deployed for elections in Azad Jammu and Kashmir to ensure fool proof security and hold free and fair elections; so that nobody could point fingers at the results. Interior Minister Chaudhry Nisar Ali Khan said this on Monday while ina
Published 05 Jul, 2016 12:00am
Forces distribute Eid gifts among orphan children

Forces distribute Eid gifts among orphan children

The security forces on Monday distributed Eid gifts among orphan children in Bajaur Agency. A ceremony was held at Al-Huda Centre for Orphans in Khar in tribal agency. The ceremony was attended by scores of orphan students of various parts of the agency,
Published 05 Jul, 2016 12:00am
Bajuar admin bans sale of toy guns

Bajuar admin bans sale of toy guns

The Political Administration (PA), in Bajaur Agency has banned the sale of toy guns and firecrackers in the region and has decided to take action against people involved in its sale.
Published 05 Jul, 2016 12:00am
3,000 telephone lines dead in South Waziristan

3,000 telephone lines dead in South Waziristan

Apart from unavailability of mobile phone service in Wana around 3,000 telephone lines have gone dead in South Waziristan Agency. Due to lack of communication means, residents of the area are facing problems in connecting with people in and out of the cou
Published 05 Jul, 2016 12:00am
IPR issues fact-sheet on effects of UK's exit from EU

IPR issues fact-sheet on effects of UK's exit from EU

The Institute for Policy Reforms on Monday released a comprehensive fact sheet on the effects of UK's exit from the European Union. It analysed its effects on the world economy and on Pakistan. The fact sheet states that Brexit vote also challenges the wa
Published 05 Jul, 2016 12:00am
PRGMEA hails zero-rating restoration
Currency

PRGMEA hails zero-rating restoration

Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) chief co-ordinator Ijaz Khokhar has hailed the government's decision for the restoration of sales tax regime for five major export oriented sectors in the federal budget 2016-17.
Published 05 Jul, 2016 12:00am
ARL to produce low-sulphur HSD

ARL to produce low-sulphur HSD

Attock Refinery Limited (ARL) on Monday said to have made operational its Diesel Hydro Desulphurization (DHDS) Unit, according to a stock filing. The development, according to ARL's company secretary Saif Ur Rehman Mirza, was made as part of ARL Up-Gradat
Published 05 Jul, 2016 12:00am
IDPs to be repatriated soon: KP governor

IDPs to be repatriated soon: KP governor

KP Governor Iqbal Zafar Jhagra has said that the day is not far away when IDPs will be repatriated to their home places and we will be able to lead our lives in complete normalcy.
Published 05 Jul, 2016 12:00am
Kuwait incident: funeral prayers of three persons held

Kuwait incident: funeral prayers of three persons held

Bodies of three members of a family who scorched to death in Kuwait were shifted to Lahore on Monday and taken to their native town Mian Channu for burial. Thousands of people from all walks of life attended the funeral prayer of Nasreen Akhtar, Rehana Ka
Published 05 Jul, 2016 12:00am
Surplus gas to be used to generate electricity: KP CM

Surplus gas to be used to generate electricity: KP CM

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that his government has the capacity to lead the province towards sustainable economic growth. He further said that the province has surplus natural gas that is being planned for diversion to power
Published 05 Jul, 2016 12:00am
Three Pesco officials suspended for poor performance

Three Pesco officials suspended for poor performance

The Peshawar Electricity Supply Company (PESCO) Chief Executive has suspended three Sub Divisional Officers (SDOs) and a line superintendent for their failure of removing direct hocks, negligence from duty and poor performance and directed them to report
Published 05 Jul, 2016 12:00am
Canadian $ strengthens
Currency

Canadian $ strengthens

The Canadian dollar strengthened to a 10-day high against its US counterpart on Monday as expectation that global central banks are likely to provide more stimulus to offset the impact of Brexit supported commodity-linked currencies.
Published 05 Jul, 2016 12:00am
Yuan hits new 5-1/2 year low
Currency

Yuan hits new 5-1/2 year low

China's yuan touched a new 5-1/2 year low against the dollar for the second consecutive session on Monday on concerns that the central bank would tolerate a further weakening of the currency, as the bank appeared to have stood aside, traders said. The yua
Published 05 Jul, 2016 12:00am
Aussie briefly falls in Asia

Aussie briefly falls in Asia

The Australian dollar got off to a rocky start on Monday on heightened political uncertainty at home while diminishing global anxiety over Brexit put sterling and the other major currencies on a steadier footing. The pound edged up to $1.3302, stabilising
Published 05 Jul, 2016 12:00am
Aussie recovers as calm returns to FX markets in Europe
Currency

Aussie recovers as calm returns to FX markets in Europe

The Australian dollar recovered from a wobbly start on Monday, as commodities rose on expectations that global central banks are likely to provide more stimulus to offset the impact of Britain's vote to leave the European Union.
Published 05 Jul, 2016 12:00am
Sri Lankan rupee ends weaker
Currency

Sri Lankan rupee ends weaker

The Sri Lankan rupee ended slightly weaker in one-week forwards on Monday as importer dollar demand surpassed late exporter greenback sales while nervous investors awaited a policy statement from the new central bank governor, dealers said. Sri Lanka's ne
Published 05 Jul, 2016 12:00am
Most emerging Asian currencies rise
Currency

Most emerging Asian currencies rise

Most emerging Asian currencies rose on Monday in subdued trading as investors continued to seek the region's higher yields on expectations that central banks in developed countries may ease monetary policies further. China's yuan kept failing to ride on t
Published 05 Jul, 2016 12:00am
Struggling sterling creeps up in thin trade
Currency

Struggling sterling creeps up in thin trade

Britain's beleaguered pound inched up against the dollar and euro in thin trade on Monday, but stayed within 2 cents of the 31-year low it hit a week ago after Britain's vote to leave the European Union. Sterling has been the main way financial markets ha
Published 05 Jul, 2016 12:00am
Serbia's bank buys euros to stem dinar gains
Currency

Serbia's bank buys euros to stem dinar gains

Serbia's central bank purchased euros on the interbank market on Monday to stem gains in the dinar against the common currency as markets continued to settle following initial Brexit scare, dealers said.
Published 05 Jul, 2016 12:00am
Brazil real slips
Currency

Brazil real slips

Brazilian equities rose on Monday as shares of CPFL Energia SA jumped on news that the world's largest utility, China's State Grid International Development Ltd, will buy a controlling stake in the company for 5.85 billion reais ($1.8 billion). In foreign
Published 05 Jul, 2016 12:00am
'Welcome to Hell,' protesting Rio police tell tourists

'Welcome to Hell,' protesting Rio police tell tourists

Brazilian police protesting unpaid salaries with just one month to go before the Olympics surprised arriving travellers at Rio de Janeiro's main airport Monday with banners reading "Welcome to Hell." The protest by more than 100 emergency services workers
Published 05 Jul, 2016 12:00am
Poland moves towards multi-billion-euro Patriot missile deal

Poland moves towards multi-billion-euro Patriot missile deal

Polish Defence Minister Antoni Macierewicz on Monday said he would ink a letter of intent with US defence firm Raytheon to buy a Patriot missile system valued at an estimated 5 billion euros ($5.6 billion). The EU member's previous government had said in
Published 05 Jul, 2016 12:00am
Bulgaria losing corruption fight: study

Bulgaria losing corruption fight: study

Bulgaria, the poorest country in the European Union, is also its most corrupt and the situation is getting worse, according to a damning new study published on Monday.
Published 05 Jul, 2016 12:00am
Nato chief 'certain' of UK role despite Brexit

Nato chief 'certain' of UK role despite Brexit

Nato chief Jens Stoltenberg said Monday he was sure Britain's new government would remain committed to the alliance despite the Brexit vote and the resignation of Prime Minister David Cameron. Britain's ruling Conservative party is seeking a new leader to
Published 05 Jul, 2016 12:00am
Zimbabwe police fire teargas as protests turn violent

Zimbabwe police fire teargas as protests turn violent

Zimbabwe police on Monday fired teargas and water cannons and beat up protesting public transport drivers, amid rising unrest against economic woes as well as President Robert Mugabe's long rule. The drivers were striking over police roadblocks they say h
Published 05 Jul, 2016 12:00am
US drone strike kills three Qaeda suspects in Yemen

US drone strike kills three Qaeda suspects in Yemen

A US drone attack killed three al Qaeda suspects in Yemen's Shabwa on Monday, the second such strike in the southern province in days, a security official said. The suspected militants were travelling in the Al-Musaina region of Shabwa when their vehicle
Published 05 Jul, 2016 12:00am
No plans to open Turkish air base to Russia: minister

No plans to open Turkish air base to Russia: minister

Turkey's foreign minister said Monday there are no plans to let Russia use a Turkish air base to launch strikes against the Islamic State group despite a thaw between the two countries. Mevlut Cavusoglu moved to clarify his position after appearing to sug
Published 05 Jul, 2016 12:00am
Netanyahu starts landmark Africa trip

Netanyahu starts landmark Africa trip

Israeli Prime Minister Benjamin Netanyahu arrived in Uganda on Monday for a rare tour of sub-Saharan Africa, seeking new trade partners and marking the 40th anniversary of a hostage rescue in which his brother died. Speaking in Entebbe, close to the site
Published 05 Jul, 2016 12:00am
China passes law to 'regulate' wild animal products

China passes law to 'regulate' wild animal products

China has passed a new wild animal protection law banning the sale of food from endangered species, but allowing other products to be made from them, state media said, amid controversy over its wildlife policies. The measure, approved by China's Communist
Published 05 Jul, 2016 12:00am
Alitalia strike action cancels 142 flights

Alitalia strike action cancels 142 flights

Alitalia announced the cancellation of 142 flights scheduled for Tuesday due to strike action which the airline condemned as "incomprehensible". In a statement Monday it said the flights would be cancelled due to the strike by part of its staff protesting
Published 05 Jul, 2016 12:00am
Israel approves hundreds of new settler homes after attacks

Israel approves hundreds of new settler homes after attacks

Israel has approved hundreds of new settler homes in the occupied West Bank, an official said Monday, in a move likely to further raise tensions following a series of Palestinian attacks. The approval comes days after a key international report warned tha
Published 05 Jul, 2016 12:00am
KCA says shortfall in cotton crop likely
Cotton

KCA says shortfall in cotton crop likely

The Karachi Cotton Association has expressed its concern over the devastating cotton crop failure in cotton season 2015-16 and expected shortfall in cotton crop 2016-17 season. Keeping in view the situation, the local textile industry is compiled to impor
Published 05 Jul, 2016 12:00am
Prices of vegetables soar ahead of Eid

Prices of vegetables soar ahead of Eid

As the holy month of Ramazan is rapidly creeping towards its end and in the wake of growing demands of vegetables on the eve of Eid-ul-Fitr, people are looking forward to celebrate the holy occasion, profit mafia has increased the prices of green vegetabl
Published 05 Jul, 2016 12:00am
July-May 2015-16: gold worth $22.760 million imported

July-May 2015-16: gold worth $22.760 million imported

The country imported gold worth $22.760 million during July-May 2015-16 that was up by 8.15% official figures say. The gold import grows to the tune of $1.716 million in July-May 2015-16 from $21.044 million in July-May 2014-15, Pakistan Bureau of Statist
Published 05 Jul, 2016 12:00am
Met office predicts rains during Eid holidays

Met office predicts rains during Eid holidays

The Met Office on Monday forecasted rains for parts of the upcountry from Wednesday to Friday when Pakistani nation will be enjoying Eid holidays. It said that rain coupled with thunderstorm and isolated heavy falls accompanied by windstorm was likely to
Published 05 Jul, 2016 12:00am
Eid-ul-Fitr: LCCI urges government to ensure fool-proof security

Eid-ul-Fitr: LCCI urges government to ensure fool-proof security

The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to ensure foolproof security during the Eid days to avoid any untoward incident. The LCCI President Sheikh Muhammad Arshad on Monday said that coward terrorists are used to target
Published 05 Jul, 2016 12:00am
Rains: KE clarifies its position

Rains: KE clarifies its position

K-Electric has issued a press statement, stating that a large part of the city was restored with power in short time, despite the fact that the city faced heavy rain showers within a spell of 48 hours. The statement further added that such down pour was a
Published 05 Jul, 2016 12:00am
Record 50.05 million tons of cargo handled by KPT in FY 2015-16

Record 50.05 million tons of cargo handled by KPT in FY 2015-16

The accumulated import and export cargo handling at Karachi Port Trust (KPT) during the just concluded financial year 2015-16 closed at 50.05 million tons compared to 43.42 million tons of last year. It is an outstanding performance that the KPT has shown
Published 05 Jul, 2016 12:00am
LSE students visit Bajaur Agency

LSE students visit Bajaur Agency

A group of students of Lahore School of Economics, Lahore (LSE), visited Bajaur tribal Agency and distributed food packages among 1,000 families and students of militancy hit area in Charmang region. In this connection, a ceremony was held at far-flung ar
Published 05 Jul, 2016 12:00am
Nawaz, Zardari to celebrate Eid in London

Nawaz, Zardari to celebrate Eid in London

Prime Minister Nawaz Sharif and PPP co-chairperson Asif Ali Zardari will celebrate the upcoming Eid in London. Prime Minister Nawaz Sharif, who had arrived in London a month ago for his open heart surgery, will celebrate Eid there.
Published 05 Jul, 2016 12:00am
Four coaches of Zakariya Express derailed

Four coaches of Zakariya Express derailed

Four coaches of a Zakariya Express enroute Multan from Karachi derailed near Kotri Railways Station late Sunday night, however all passengers remained safe. According to the authorities, a mechanical snag resulted in the accident and several trains that w
Published 05 Jul, 2016 12:00am
SBP appoints Primary Dealers for FY17

SBP appoints Primary Dealers for FY17

State Bank of Pakistan (SBP) has announced to appoint Primary Dealers for Financial Year 2016-17 (FY17) Applications were invited for the selection of Primary Dealers for the Financial Year (FY) 2016-17 on May 13, 2016 from all Banks, Investment Banks, De
Published 05 Jul, 2016 12:00am
Hajj corruption case: IHC rejects Hamid Kazmi's plea

Hajj corruption case: IHC rejects Hamid Kazmi's plea

The Islamabad High Court (IHC) on Monday rejected former federal minister for religious affairs Hamid Saeed Kazmi's application to suspend the sentence of imprisonment awarded by a local court in the Hajj corruption case.
Published 05 Jul, 2016 12:00am
Two Air Vice Marshals promoted

Two Air Vice Marshals promoted

The Government has promoted Air Vice Marshal Arshad Malik and Air Vice Marshal Aasim Zaheer to the rank of Air Marshal and Air Commodore Muhammad Zahid Mehmood and Air Commodore Noor Abbas to the rank of Air Vice Marshal.
Published 05 Jul, 2016 12:00am
SBP issues Panel of Valuers

SBP issues Panel of Valuers

As per Finance Act, 2016/17, an amendment in Section 68 (4) requires determination of fair market value through approved panel of the State Bank of Pakistan (SBP). Accordingly, SBP has issued its Panel of Valuers. The panel will remain effective till the
Published 05 Jul, 2016 12:00am
PPP committed to waging struggle against anti-democratic forces: Chandio

PPP committed to waging struggle against anti-democratic forces: Chandio

Sindh Minister for Information & Archives, Maula Bux Chandio said on Monday that Pakistan Peoples Party (PPP) is committed to continue its fight against anti-democratic forces which are out to harm democracy in Pakistan, particularly in Sindh, for their n
Published 05 Jul, 2016 12:00am
'Askari Bank monitors working of its ATMs professionally'

'Askari Bank monitors working of its ATMs professionally'

Askari Bank strongly believes that technology driven products are the future of the banking industry. As such, the bank has aggressively pursued the expansion of its ATM network by adding 205 ATMs in last two and a half years, bringing its total to 493 AT
Published 05 Jul, 2016 12:00am
No load shedding during Eid holidays

No load shedding during Eid holidays

Ministry of Water and Power has announced on Monday to provide uninterrupted power supply during three days of Eid-ul-Fitr. According to officials, due to closure of industries, additional power will be available to meet the demand of domestic consumers.
Published 05 Jul, 2016 12:00am
Asim seeks his treatment at JPMC

Asim seeks his treatment at JPMC

The lawyer for close-aide of former President Zardari, Dr Aasim Hussain requested the Accountability Court on Monday to allow his client the treatment at Jinnah Post-Graduate Medical Centre (JPMC) hospital.
Published 05 Jul, 2016 12:00am
Siemens scraps property deal

Siemens scraps property deal

Siemens (Pakistan) Engineering Co Ltd on Monday said to have terminated an agreement with the purchaser for the sale of its land in Islamabad. The company in its financials for Q2FY 2016 had notified to Pakistan Stock Exchange the sale of the full leaseho
Published 05 Jul, 2016 12:00am
FPCCI concerned at damages caused by rains

FPCCI concerned at damages caused by rains

Business community has expressed concern on damages caused by monsoon rain to roads, utilities and basic infrastructure in Karachi. Senior Vice President of Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Sheikh Khalid Tawab has urged the
Published 05 Jul, 2016 12:00am
KMC Administrator visits collapsed ice factory

KMC Administrator visits collapsed ice factory

KMC Administrator Laeeq Ahmed has expressed deep grief and sorrow on the loss of lives in the incident of collapse of ice factory in New Karachi. On a visit to the collapsed ice factory on Monday he directed disaster management department to complete resc
Published 05 Jul, 2016 12:00am
Five killed in compressor blast at ice factory

Five killed in compressor blast at ice factory

Five people were killed when the roof of an ice factory collapsed in New Karachi area following a compressor blast. A spokesman of the Commissioner Karachi Office said that the rescue work was going on to remove the debris. He said that Commissioner Karac
Published 05 Jul, 2016 12:00am
NASA counts down to nail-biter orbit of Jupiter

NASA counts down to nail-biter orbit of Jupiter

A $1.1 billion NASA spacecraft called Juno must dodge debris and extreme radiation Monday as it attempts to orbit Jupiter, on a high-stakes mission to probe the origin of the solar system.
Published 05 Jul, 2016 12:00am
Prime Minister takes a stroll in Oxford Street

Prime Minister takes a stroll in Oxford Street

Prime Minister Nawaz Sharif's health has improved considerably since his open heart surgery, as he took a stroll in London and had a cup of tea at a local restaurant on Sunday night. According to reports, the prime minister along with Pakistani officials
Published 05 Jul, 2016 12:00am
Prime Minister takes a stroll in Oxford Street

Prime Minister takes a stroll in Oxford Street

Prime Minister Nawaz Sharif's health has improved considerably since his open heart surgery, as he took a stroll in London and had a cup of tea at a local restaurant on Sunday night. According to reports, the prime minister along with Pakistani officials
Published 05 Jul, 2016 12:00am
Gwadar airport to handle even Airbus A380

Gwadar airport to handle even Airbus A380

Gwadar International Airport, which will be capable of handling the largest of passenger planes including the Airbus A380 Boeing jet, is being constructed at a cost of US$ 260 million at Gwadar, Balochistan province. The amount for the airport is a full g
Published 05 Jul, 2016 12:00am
Gwadar airport to handle even Airbus A380

Gwadar airport to handle even Airbus A380

Gwadar International Airport, which will be capable of handling the largest of passenger planes including the Airbus A380 Boeing jet, is being constructed at a cost of US$ 260 million at Gwadar, Balochistan province. The amount for the airport is a full g
Published 05 Jul, 2016 12:00am
Gwadar airport to handle even Airbus A380

Gwadar airport to handle even Airbus A380

Gwadar International Airport, which will be capable of handling the largest of passenger planes including the Airbus A380 Boeing jet, is being constructed at a cost of US$ 260 million at Gwadar, Balochistan province. The amount for the airport is a full g
Published 05 Jul, 2016 12:00am
Aide to former Chinese president jailed for life

Aide to former Chinese president jailed for life

An ex-aide of former Chinese president Hu Jintao has been jailed for life for corruption, illegally obtaining state secrets and abuse of power, official media reported Monday. Ling Jihua pleaded guilty and said he would not appeal, Xinhua news agency said
Published 05 Jul, 2016 12:00am
Industry surpasses growth target

Industry surpasses growth target

With 6.8 percent growth in FY16, for the first time in past 12 years the industry surpassed the growth target set in the Annual Plan. According to State Bank of Pakistan, the growth in the industrial sector recovered sharply from 4.8 percent in FY15 to 6.
Published 05 Jul, 2016 12:00am
Industry surpasses growth target

Industry surpasses growth target

With 6.8 percent growth in FY16, for the first time in past 12 years the industry surpassed the growth target set in the Annual Plan. According to State Bank of Pakistan, the growth in the industrial sector recovered sharply from 4.8 percent in FY15 to 6.
Published 05 Jul, 2016 12:00am
Industry surpasses growth target

Industry surpasses growth target

With 6.8 percent growth in FY16, for the first time in past 12 years the industry surpassed the growth target set in the Annual Plan. According to State Bank of Pakistan, the growth in the industrial sector recovered sharply from 4.8 percent in FY15 to 6.
Published 05 Jul, 2016 12:00am
FBR clarification

FBR clarification

Federal Board of Revenue has strongly denied reports appearing in a section of press that non-tax revenue has been included in the taxes and duties collected by FBR to overstate the figure of tax collection.
Published 05 Jul, 2016 12:00am
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