A leading public sector company engaged in the marketing and distribution of petroleum products has informed Federal Board of Revenue (FBR) that the company has paid Rs 9 billion to the national exchequer as advance tax under the heads of sales tax, incom

At least 22 people were injured, of them two critically when a passenger bus overturned here on Sunday. Rescue sources said that a Muzaffarabad bound passenger bus coming from Athmuqam area of Azad Jammu and Kashmir turned turtle while negotiating a sharp

The Chairman Board of Investment Miftah Ismail has said that law and order situation in Karachi had improved due to operation and staying of the Rangers in city. The confidence of traders and people of the mega city had been restored, he said this while t

Most of the rivers were in low and medium flood and some were flowing normally, said a release of the Provincial Disaster Management Authority (PDMA) issued here on Sunday. River Kabul was in medium flood at Warsak and Nowshera with 41600 and 27580 cusecs

The Khyber Pakhtunkhwa government has decided to set-up a Trade Information Office at the Economic Zones Development and Management Company (EZDMC) to facilitate foreign investors. This decision was taken in a follow-up meeting with a seven-member delegat

Chief Minister Khyber Pakhtunkhwa (KP), Pervez Khattak informed that a high level provincial delegation will visit China in August to highlight the potential advantages of Chinese investments in KP. Pervez Khattak said this while presiding over a high lev

A huge surge in prices of vegetable, pulses, and other essential food commodities was witnessed during the preceding week, as compared to last week, according to survey conducted by Business Recorder here on Sunday.

The Airport Customs staff of Model Customs Collectorate (MCC) Islamabad arrested four passengers from Dubai, who made an attempt to smuggle a large consignment of expensive smart cell phones through VIP Lounge of Benazir Bhutto International Airport (BBIA

The Election Commission of Pakistan (ECP) will start campaign to include the names of new Computerised National Identity Card (CNIC) holders in electoral rolls from August 1 across the country.

The Antarctic Peninsula, among the fastest warming places on Earth last century, has since cooled due to natural swings in the local climate, scientists said on Wednesday, adding that the respite from the thaw is likely to be brief.

Air pollution levels rose in nearly a third of Chinese cities monitored in the second quarter, environmental campaign group Greenpeace said on Wednesday.

Brazilian researchers on Thursday said they found signs of the Zika virus in a common mosquito that is a separate species from the insect known to be the primary means of transmission.

Last month was the hottest June in modern history, marking the 14th consecutive month that global heat records have been broken, the US National Oceanic and Atmospheric Administration said on Tuesday.

The El Nino weather pattern is likely to dissipate by early August, giving way to La Nina, two top officials of the Indian weather office said on Tuesday, swelling already bountiful monsoon rains that are crucial for India's farm sector.

Some 2.5 million people are still becoming infected with HIV every year even as drugs have slashed the death rate and patients live longer than ever, a global AIDS study said on Tuesday. New infections have plateaued after a steep dip from the peak rate o

Scientists are opening a new front in the war on cancer with plans to develop "anti-evolution" drugs to stop tumour cells from developing resistance to treatment.

One of the first questions aid worker Isaac Kwamy was asked in Greece's camps for refugees and migrants was not whether there was food or water, but whether there was internet access.

Has your child swallowed a small battery? In the future, a tiny robot made from pig gut could capture it and expel it. Researchers at the Massachusetts Institute of Technology are designing an ingestible robot that could patch wounds, deliver medicine or

The next major phase of mobile telecommunications standards is to be tested in Berlin, according to plans made known over the weekend by Deutsche Telekom and the Germany Senate Office for Economics.

At a launch event held in New Delhi Tuesday, the GSMA announced that the GSMA's Mobile Connect mobile-based authentication solution is now available to more than 800 million consumers across India 1. Mobile network operators (MNOs) offering Mobile Connect

Tesla plans to build a new pick-up truck, and an urban bus, and launch a sharing system of self-driving cars, the company's founder Elon Musk announced Wednesday. The projects are part of what the billionaire entrepreneur called a "secret" second master p

Makers of inhalers to treat asthma and chronic lung disease are racing to develop a new generation of smart devices with sensors to monitor if patients are using their puffers properly. Linked wirelessly to the cloud, the gadgets are part of a medical "In

New Google-powered software will help the world tackle problems related to climate change, deforestation and food production, a United Nations agency said on Friday, as it presented its revamped online platform.

Mashreq, Dubai's third-biggest lender by assets, posted on Wednesday a 16.1 percent fall in second-quarter net profit as impairments for bad debt more than doubled and fee and commission income edged lower.

Mashreq, Dubai's third-biggest lender by assets, posted on Wednesday a 16.1 percent fall in second-quarter net profit as impairments for bad debt more than doubled and fee and commission income edged lower.

Qatar's two largest sharia-compliant banks, Qatar Islamic Bank (QIB) and Masraf Al Rayan, reported better than expected increases in second-quarter net profit on Monday. The results, coming after the profit jump at Qatar National Bank last week, mean thre

Geely-owned automaker Volvo Car Group reported its operating earnings tripled in the first half and said a further roll-out of new, more up-market models would help drive sales in the remaining months of the year. The carmaker, bought by China's Zhejiang

MasterCard Inc hopes to apply this year to become a payment service provider in China after the government opened the market, but the company is still weighing whether to do so alone or with a partner, senior executives said on Friday.

Europe's financial sector is showing further signs of mending and banks are increasingly competing for custom by easing credit standards, a key European Central Bank survey showed on Tuesday.

Boeing Co said on Tuesday it expects Indian airlines to order 1,850 new aircraft worth $265 billion over the next 20 years, up from an earlier forecast, thanks to the new aviation rules that the manufacturer said will boost demand. In March, the company h

Swiss engineering group ABB is making good progress with its turnaround plan, it said on Thursday, although the environment remains challenging and sales and new orders fell in the second quarter.

BlackBerry Ltd said on Tuesday it had signed a five-year, multimillion-dollar deal to run emergency notifications for the US Senate, among a handful of small deals the company unveiled as it shifts its focus to software from smartphones. The Canadian comp

Switzerland's Roche surpassed market expectations for adjusted net income in the first six months of the year, helped by sales of new breast cancer drug Perjeta and established blood cancer medicine Rituxan, as well as a one-off gain from its pensions sch

Switzerland's Roche surpassed market expectations for adjusted net income in the first six months of the year, helped by sales of new breast cancer drug Perjeta and established blood cancer medicine Rituxan, as well as a one-off gain from its pensions sch

The number of firms that have defaulted this year has reached 100 and is more than 50 percent higher than at the same stage of 2015, rating agency Standard & Poor's said on Friday. S&P said four companies had defaulted this week, keeping 2016 firmly on tr

The Olympic Village in Rio opened its doors to the world's athletes on Sunday, less than two weeks before the Games begin - but Australia immediately boycotted the facility, calling it "simply not safe or ready."

The International Olympic Committee on Sunday decided against hitting Russia with a blanket ban from the Rio Games over state-run doping but laid out unprecedented eligibility conditions for individual Russian athletes. IOC president Thomas Bach said the

Spain's Feliciano Lopez claimed his first clay-court title on Sunday with a 6-4, 7-5 victory over Dutchman Robin Haase in the final in Gstaad. Top seed Lopez, who finished runner-up in Switzerland 10 years ago, broke Haase's serve in the fifth game as he

Indian wrestler Narsingh Yadav, who was set to compete in the 74kg freestyle category at the Rio Olympics, has tested positive for a banned steroid, the national anti-doping agency (NADA) told Reuters on Sunday.

Triple Formula One world champion Lewis Hamilton won the Hungarian Grand Prix on Sunday to seize the championship lead from team mate Nico Rosberg for the first time this season.

Chris Froome won his third Tour de France as German Andre Greipel claimed Sunday's 21st and final stage on the Champs Elysees in Paris. Froome, who was also champion in 2013 and last year, finished ahead of Frenchman Romain Bardet in second and Nairo Quin

India's push for victory on the fourth day of the first Test against the West Indies has been interrupted by rain with the home side at 76 for two following-on in their second innings, a deficit of 247 runs, when an early lunch was taken on Sunday.

Pakistan Sports Board (PSB) has engaged former World No 2 and elder brother of legendary Jansher Khan Mohib Ullah Khan for Squash Academy to utilise his valuable services for the promotion of squash in Pakistan.

England captain Alastair Cook left Pakistan needing to rewrite the record books if they were to win the second Test at Old Trafford, after opting against enforcing the follow-on on Sunday's third day. At stumps, England, looking to level the four-Test ser

Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought. Almost 60 transactions totallin

Federal prosecutors in Manhattan are set to face off with a former Wall Street investment banker in their first insider trading trial since a US appeals court curtailed their ability to pursue such cases.

Tesla Motors Inc and SolarCity Corp have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter said.

General Motors is re-evaluating its planned $1 billion investment in India and has put on hold moves to bring a new car platform to India as it re-assesses its strategy in the country, according to company officials.

Gulf Bank, Kuwait's fourth-largest lender by assets, reported a 34.4 percent rise in second-quarter net profit on Sunday, as income from fees and investments edged higher. Net profit for the three months to June 30 was 11.93 million dinars, compared to 8.

Spain will post growth of 2.9 percent for 2016, Finance Minister Luis de Guindos said Sunday, revising an earlier forecast of 2.7 percent as the country's recovery gathers momentum.

Libya's hopes to boost crude exports have been dealt a blow after the head of the National Oil Corporation (NOC) objected to a deal between the government and local guards to reopen key ports. In a letter seen by Reuters to UN Libya envoy Martin Kobler an

Italy does not have a problem with its banks, finance minister Pier Carlo Padoan said Sunday, despite investors fretting about nearly $400 billion of bad debts weighing down the sector.

As China's economy notches up another quarter of steady growth, the pace of credit creation grows ever more frantic for every extra unit of production, as inefficient state firms swallow an increasing share of lending.

Orders for Sri Lanka's first dual-tranche sovereign bond hit around $6.6 billion, more than four times the $1.5 billion offered, Finance Minister Ravi Karunanayake told Reuters on Monday. The island nation raised $1.5 billion in two-tranche sovereign bond

Orders for Sri Lanka's first dual-tranche sovereign bond hit around $6.6 billion, more than four times the $1.5 billion offered, Finance Minister Ravi Karunanayake told Reuters on Monday. The island nation raised $1.5 billion in two-tranche sovereign bond

Futures contracts of Japan's benchmark start-up stock index attracted meagre volumes on their debut on Tuesday as investors remained cautious about the new derivative product.

Russia will exhaust one of its two sovereign funds next year, according to a finance ministry proposal seen by Reuters, having by that point run through $87 billion since the beginning of 2014 to fill holes in the budget left by a slump in oil prices.

Russia will exhaust one of its two sovereign funds next year, according to a finance ministry proposal seen by Reuters, having by that point run through $87 billion since the beginning of 2014 to fill holes in the budget left by a slump in oil prices.

Gulf stock markets declined on Sunday as sharp falls in oil prices late last week outweighed a few positive corporate earnings in Saudi Arabia. In Egypt, investors bought shares that could benefit from any currency devaluation.

An industry body published a standard on Friday that defines acceptable practice in financial and commodity markets, aiming to stamp out behaviour that prompted regulators to fine Barclays for fixing the price of gold. The Fixed Income, Currency and Commo

An industry body published a standard on Friday that defines acceptable practice in financial and commodity markets, aiming to stamp out behaviour that prompted regulators to fine Barclays for fixing the price of gold. The Fixed Income, Currency and Commo

Investors stockpiled riskier assets during the latest week, delivering US-based funds the most cash in more than a year, data from fund trade group Investment Company Institute showed on Wednesday. Mutual and exchange-traded funds in the United States too

Investors stockpiled riskier assets during the latest week, delivering US-based funds the most cash in more than a year, data from fund trade group Investment Company Institute showed on Wednesday. Mutual and exchange-traded funds in the United States too

Macedonia issued a seven-year eurobond worth 450 million euros at a yield of 5.625 percent to finance budget needs this year and next, the finance ministry said late on Tuesday, shrugging off protests by the opposition. The joint lead managers on the issu

Macedonia issued a seven-year eurobond worth 450 million euros at a yield of 5.625 percent to finance budget needs this year and next, the finance ministry said late on Tuesday, shrugging off protests by the opposition. The joint lead managers on the issu

EU member Hungary said Tuesday it could adopt the euro by the end of the decade if the country's economy continues to improve and the bloc's common currency becomes more stable.

Low and negative bond yields are forcing Europe's real money investor community into a major rethink on how to meet their targets without taking excessive risks. High-grade bonds have long been a staple product for real money investors, a term used to des

Low and negative bond yields are forcing Europe's real money investor community into a major rethink on how to meet their targets without taking excessive risks. High-grade bonds have long been a staple product for real money investors, a term used to des

Indonesia sold 18 trillion rupiah ($1.38 billion) of bonds at an auction on Tuesday, well above the indicative target of 12 trillion rupiah, the finance ministry's financing and risk management office said. The t-bills maturing in October 2016 had a weigh

Indonesia sold 18 trillion rupiah ($1.38 billion) of bonds at an auction on Tuesday, well above the indicative target of 12 trillion rupiah, the finance ministry's financing and risk management office said. The t-bills maturing in October 2016 had a weigh

Cyprus plans to sell a new 1 billion euro, 7-year bond and buy back a chunk of its older debt in the coming months, the head of its debt office, Phaedon Kalozois, said on Tuesday. Cyprus completed its euro zone/IMF bailout programme earlier this year and

Cyprus plans to sell a new 1 billion euro, 7-year bond and buy back a chunk of its older debt in the coming months, the head of its debt office, Phaedon Kalozois, said on Tuesday. Cyprus completed its euro zone/IMF bailout programme earlier this year and

A quartet of technology heavyweights will be part of an avalanche of quarterly corporate earnings reports next week that, along with a meeting of Federal Reserve policymakers, could hold the key to whether Wall Street extends its record-breaking rally or

A global agreement on cutting the use of hydrofluorocarbons (HFCs) - potent greenhouse gases used in aerosols, refrigerants and air conditioning - seems within grasp, delegates said on Sunday after ten days of talks on climate change in Vienna.

A second mayor was killed in southern Mexico this weekend along with his driver while they were driving on a road in Guerrero state, authorities said Sunday. Ambrosio Soto, the mayor of Pungabarato, and his chauffeur were "ambushed by unknown individuals"

A 21-year-old Syrian asylum-seeker killed a woman and injured two people with a machete Sunday in the south-west German city of Reutlingen in an incident local police said did not bear the hallmarks of a "terrorist attack".

Senior German officials called on Sunday for a review of gun laws and even stricter enforcement after Friday's shooting in Munich that claimed the lives of nine people and the gunman himself, a deranged 18-year-old who was obsessed with mass killings.

Six Ukrainian soldiers have been killed and thirteen wounded in a fresh surge of fighting between pro-Russian rebels and government forces in the country's war-torn east, Kiev said Sunday.

President Barack Obama questioned Republican nominee Donald Trump's readiness to be commander-in-chief, in an interview broadcast Sunday. Weighing in on Trump's suggestions that the US might not meet its mutual defence obligations in Nato, Obama told CBS

Two nephews of Venezuela's first lady, who face charges of conspiring to import cocaine into the United States, confessed to US agents after being arrested in November to being involved in the drug scheme, newly-filed court records state.

Philippine President Rodrigo Duterte has ordered all agencies directly under his watch to open their records to the public as part of his promise to crack down on corruption and promote transparency in government.

A suicide bombing claimed by the Islamic State group killed at least 15 people in a Shiite area of northern Baghdad on Sunday, security and medical officials said. The bombing, which struck near a checkpoint in the Kadhimiyah area, home to a major Shiite

Volunteers have recovered the bodies of 41 presumed migrants that washed up on a Libyan beach, an official from the coastal city of Sabratha said on Sunday. The bodies, found on Saturday on the city's beach west of the capital Tripoli, were taken to the m

Air raids have hit four makeshift hospitals in Syria's battered Aleppo city, doctors said Sunday, jeopardising medical care for more than 200,000 desperate civilians in rebel-held areas. The bombardment since Saturday has worsened the plight of residents

A briefing campaign for motorcyclists was launched in all beat of national highways and motorway police N-5 Central. The Motorway Police gave briefing and imparted education to 51,938 motorcyclists over different violations, said DIG Mirza Faran Baig whil

The Businessmen and Industrialists of Multan, Bahawalpur and Dera Ghazi Khan Division have strongly condemned the suicidal attack on a peaceful protest rally of "Hazaras" in Kabul describing it cruel and barbaric.

Zheng Xiaosong, a deputy minister of international department of China, hosted a dinner in the honour of Punjab Chief Minister Shahbaz Sharif in Beijing on Sunday.

The business leaders of Southern Punjab vowed to follow the suit of world renowned social worker Abdul Sattar Edhi and said country has lost an angel of mercy who was a ray of hope for the poor and destitute across Pakistan.

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Sunday said the business community wants early completion of game changer project of CPEC so that Pakistan can enjoy fruits of massive Chinese investment. Chinese investment of $34 bi

Speakers at training workshop on Journalists' safety stressed the need for adopting Standing Operative Procedures (SOPs) and journalistic ethics to avoid any unpleasant incident with media persons. The two-day training workshop was titled "Policies, secur

As per directions of the Constitution, a 12-member parliamentary committee is meeting today to finalise names of four persons to be appointed as members of the Election Commission of Pakistan. The ECP has been non-functional after expiry of five-year term

President Sialkot Chamber of Commerce and Industry (SCCI) Mansoor Ahmed on Sunday said that SCCI had focused its special attention on enhancing export volume for strengthening the national economy through export.

Limiting special powers of Pakistan Rangers (Sindh) to Karachi only is a discrimination with Sindh, as criminals and killers also live in other parts of Sindh, which should also be nabbed, said speakers at a pro-Rangers' powers demonstration in front of K

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has expressed grief and sorrow over the demise of senior PPP worker Syed Manzoor Abbas, member of PPP Sindh Media Cell, who passed away on Sunday due to cardiac attack. In a condolence message t

Emergency Operation Center (EOC) Balochistan's Co-ordinator Dr. Syed Saif Ur Rehman has said three-day anti polio drive will be kicked off from Monday on July 25th in 137 union councils of Balochistan aimed administrating over half of million children of

Advisor to Chief Minister Sindh, Moula Bux Chandio, has expressed deep sense of grief over the demise of Manzoor Abbas, Deputy In charge of Pakistan People Party Media Cell. In his condolence message, Moula Bux Chandio said that late Manzoor Abbas was a b

Pakistan Peoples Party's Senator Saeed said here on Sunday that that if Model Town Lahore tragedy had occurred in Sindh then Chief Minister Sindh, Interior Minister Sindh and Inspector General Sindh would have been languishing in prison now but "Sultans o

In a significant move to achieve self-reliance in the oil production sector, the government has given a task to Pakistan Arab Refinery Company (PARCO) to complete the much delayed multi-billion-dollar Khalifa Coastal Oil Refinery project.

Multan Chamber of Commerce & Industry (MCCI) has vehemently condemned the terrible attack in a shopping mall in Munich, Germany which caused death of ten citizens.

The business community of southern Punjab has expressed its concern on the proposed second-generation free trade agreement (FTA) with China on August 4 in Karachi and urged upon the government to maintain balance in bilateral trade to save the local indus