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Print - 2016-08-28
ICC chief backs England decision to tour Bangladesh

ICC chief backs England decision to tour Bangladesh

International Cricket Council chief executive David Richardson has welcomed England's decision to go ahead with their tour of Bangladesh, saying it was important to have the global game "played safely" in as many countries as possible. Richardson, in a st
Published 28 Aug, 2016 12:00am
Chelsea take pole position, Arsenal end winless run

Chelsea take pole position, Arsenal end winless run

Chelsea swept to the top of the Premier League with a 3-0 victory over Burnley, while Arsenal won 3-1 at Watford to ease the pressure on Arsene Wenger on Saturday. After a dismal title defence last season, Chelsea look revitalised under new manager Antoni
Published 28 Aug, 2016 12:00am
Police raid Kenya Olympic headquarters

Police raid Kenya Olympic headquarters

Kenyan police raided the country's Olympic headquarters Saturday probing a corruption scam that saw some of the nations' athletes deprived of team uniforms at the Rio Games. Three top Olympic officials have already been arrested in the investigation, and
Published 28 Aug, 2016 12:00am
England beat Pakistan in second ODI

England beat Pakistan in second ODI

Joe Root's 89 saw England to a four-wicket win over Pakistan in the second one-day international at Lord's on Saturday. Victory put England 2-0 up in the five-match series after their 44-run rain-affected success at Southampton on Wednesday. Aggressive pa
Published 28 Aug, 2016 12:00am
Exchange Bats eyes new EU base outside London after Brexit

Exchange Bats eyes new EU base outside London after Brexit

Europe's biggest stock exchange Bats Europe could open a base outside London following Brexit, its head told Reuters, voicing doubts about whether the City of London would secure sufficient access to the European market. Bats Europe accounts for about 24
Published 28 Aug, 2016 12:00am
Up 57 percent, Britain's inflation-linked gilt tops all bonds in 2016

Up 57 percent, Britain's inflation-linked gilt tops all bonds in 2016

The longest-dated UK government index-linked gilt has been the best performing government bond of 2016 as investors scramble to buy inflation protection in the wake of Britain's shock decision to leave the European Union. The UK government's 0.125 percent
Published 28 Aug, 2016 12:00am
Up 57 percent, Britain's inflation-linked gilt tops all bonds in 2016

Up 57 percent, Britain's inflation-linked gilt tops all bonds in 2016

The longest-dated UK government index-linked gilt has been the best performing government bond of 2016 as investors scramble to buy inflation protection in the wake of Britain's shock decision to leave the European Union. The UK government's 0.125 percent
Published 28 Aug, 2016 12:00am
Bank of Japan's rush into stocks raises fears of market distortions

Bank of Japan's rush into stocks raises fears of market distortions

The Bank of Japan's near doubling of its purchases of Tokyo shares is causing investors to worry the central bank will dominate financial markets, which could lead to price distortions as it continues to grease the economy. The BoJ's buying spree will mak
Published 28 Aug, 2016 12:00am
TSX edges higher in seesaw session

TSX edges higher in seesaw session

Canada's main stock index edged higher in a seesaw session on Friday, led by financial and industrial stocks as investors raised bets for US interest rate hikes this year after a speech by Federal Reserve Chair Janet Yellen. For the week, the Toronto Stoc
Published 28 Aug, 2016 12:00am
Treasury yields rise to one-month highs

Treasury yields rise to one-month highs

US Treasury yields rose to more than one-month highs on Friday as investors considered whether the Federal Reserve is likely to raise interest rates at its September meeting, after hawkish but noncommittal comments by Fed Chair Janet Yellen. Speaking at t
Published 28 Aug, 2016 12:00am
Treasury yields rise to one-month highs

Treasury yields rise to one-month highs

US Treasury yields rose to more than one-month highs on Friday as investors considered whether the Federal Reserve is likely to raise interest rates at its September meeting, after hawkish but noncommittal comments by Fed Chair Janet Yellen. Speaking at t
Published 28 Aug, 2016 12:00am
Lumbering Indian state companies become hot stock market bet

Lumbering Indian state companies become hot stock market bet

India's state-owned companies, from builders such as NBCC to oil firms such as Bharat Petroleum Corp Ltd, are attracting top investors as cheap valuations, improving earnings, and share buybacks make them stand out in an otherwise expensive market. A gove
Published 28 Aug, 2016 12:00am
Despite setback, an ETF bets some dividend payers may falter

Despite setback, an ETF bets some dividend payers may falter

A US exchange-traded fund with an innovative strategy is sticking to its bet the music will stop for some dividend-paying companies, even as its own performance has the tempo of a funeral dirge. The Reality Shares DIVCON Dividend Defender ETF buys compani
Published 28 Aug, 2016 12:00am
Despite setback, an ETF bets some dividend payers may falter

Despite setback, an ETF bets some dividend payers may falter

A US exchange-traded fund with an innovative strategy is sticking to its bet the music will stop for some dividend-paying companies, even as its own performance has the tempo of a funeral dirge. The Reality Shares DIVCON Dividend Defender ETF buys compani
Published 28 Aug, 2016 12:00am
Wall Street slips in wake of comments by top Fed officials

Wall Street slips in wake of comments by top Fed officials

US stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as investors wrestled with the likely timing of a US interest rate hike following comments from top Federal Reserve officials. The S&P 500 rose afte
Published 28 Aug, 2016 12:00am
UBS leads team of banks working on blockchain settlement system
Currency

UBS leads team of banks working on blockchain settlement system

Swiss bank UBS is leading a team of four of the world's biggest banks developing a system to enable financial markets to make payments and settle transactions quickly using blockchain technology. UBS has developed a "Utility Settlement Coin" (USC), which
Published 28 Aug, 2016 12:00am
Currency hedges make Treasuries unaffordable to foreigners
Currency

Currency hedges make Treasuries unaffordable to foreigners

The rising cost of hedging US Treasuries in the foreign exchange market is eroding the attractiveness of the bonds for international investors, as it negates the extra yield US bonds pay over comparable European and Japanese debt, Deutsche Bank said in a
Published 28 Aug, 2016 12:00am
Currency hedges make Treasuries unaffordable to foreigners
Currency

Currency hedges make Treasuries unaffordable to foreigners

The rising cost of hedging US Treasuries in the foreign exchange market is eroding the attractiveness of the bonds for international investors, as it negates the extra yield US bonds pay over comparable European and Japanese debt, Deutsche Bank said in a
Published 28 Aug, 2016 12:00am
Canadian dollar weakens to two-week low
Currency

Canadian dollar weakens to two-week low

The Canadian dollar weakened to a two-week low against its broadly stronger US counterpart on Friday as chances of a US interest rate hike this year rose after comments from Federal Reserve officials, including Fed Chair Janet Yellen. Speaking in Jackson
Published 28 Aug, 2016 12:00am
Dollar rebounds in volatile trade as hawkish Yellen prevails
Currency

Dollar rebounds in volatile trade as hawkish Yellen prevails

The dollar rallied to a two-week high against the yen and Swiss Franc on Friday in volatile trading as investors focused on Federal Reserve Chair Janet Yellen's comments on an improving US economy that bolstered the case for an interest rate increase. The
Published 28 Aug, 2016 12:00am
Number of US prime funds seen dwindling: iMoneynet

Number of US prime funds seen dwindling: iMoneynet

The number of prime money funds in the $2.7 trillion industry, which can invest in corporate debt in addition to government securities, is forecast to fall to 264 from 492 last August after new rules from the Securities and Exchange Commission go into eff
Published 28 Aug, 2016 12:00am
Number of US prime funds seen dwindling: iMoneynet

Number of US prime funds seen dwindling: iMoneynet

The number of prime money funds in the $2.7 trillion industry, which can invest in corporate debt in addition to government securities, is forecast to fall to 264 from 492 last August after new rules from the Securities and Exchange Commission go into eff
Published 28 Aug, 2016 12:00am
Mongolians scrabble for dollars after local currency's plunge
Currency

Mongolians scrabble for dollars after local currency's plunge

Making money amid Mongolia's deepening economic crisis, currency dealers thronging the black markets of Ulaanbaatar wave wads of American dollars and Chinese yuan, warning desperate customers that foreign banknotes are becoming scarcer by the day.
Published 28 Aug, 2016 12:00am
Naira at record black market low
Currency

Naira at record black market low

Nigeria's naira was quoted at an all-time low of 409 to the dollar on the black market on Thursday, compared with 402 the previous day, after the suspension of some banks from forex trading made dollars even harder to obtain. Traders said the local curren
Published 28 Aug, 2016 12:00am
Nigerian banks suspended from forex market, seek truce
Currency

Nigerian banks suspended from forex market, seek truce

Nine Nigerian lenders banned this week from foreign exchange trading for failing to remit some oil money into a government account are holding talks with the Central Bank to seek a truce, operators said Thursday. The Central Bank of Nigeria (CBN) on Tuesd
Published 28 Aug, 2016 12:00am
Amazon dabbling with 30-hour work weeks

Amazon dabbling with 30-hour work weeks

US online retail titan Amazon, which has been accused of fostering a cutthroat workplace atmosphere, will try out teams that log 30-hour work weeks, the Washington Post reported on Friday. The employees will receive the same benefits as those putting in 4
Published 28 Aug, 2016 12:00am
Australian PM urges divided Senate to tackle budget deficit

Australian PM urges divided Senate to tackle budget deficit

Australian Prime Minister Malcolm Turnbull said on Saturday it was imperative for Australia to cut its high debt levels, urging newly elected opposition lawmakers to support his economic reform agenda when parliament resumes next week. Turnbull is depende
Published 28 Aug, 2016 12:00am
China Fortune 500 index revenues fall for first time

China Fortune 500 index revenues fall for first time

Revenues at China's Fortune 500 companies fell in 2016 for the first time in the history of the index, the official Xinhua news agency said on Saturday. Total revenues dropped 0.07 percent year on year in 2016, the first drop in the fifteen year history o
Published 28 Aug, 2016 12:00am
Iraq says still set on expanding oil output to gain market share

Iraq says still set on expanding oil output to gain market share

Iraq is willing to play an active role within Opec to support oil prices but will not sacrifice its goal of expanding market share and will continue to ramp up output, its oil minister said on Saturday. Jabar Ali al-Luaibi, on a visit to the southern oil
Published 28 Aug, 2016 12:00am
Venezuela signs $5.5 billion mining deals, companies include Barrick

Venezuela signs $5.5 billion mining deals, companies include Barrick

President Nicolas Maduro said on Friday that Venezuela had signed over $5.5 billion in mining deals with companies including Canada's Barrick Gold Corp and China's Shandong Gold. The deals are part of plan to ease the Opec nation's grave economic crisis t
Published 28 Aug, 2016 12:00am
Landmark Phelan building sold in San Francisco for $375 million

Landmark Phelan building sold in San Francisco for $375 million

New York-based developer Thor Equities has sold the historic Phelan building in San Francisco for $375 million to a member of the prominent Hotung family with deep roots in Hong Kong, sources said. A limited liability company, The Phelan Building LLC, has
Published 28 Aug, 2016 12:00am
Fiat chief rejects complaints over US sales data

Fiat chief rejects complaints over US sales data

Allegations that Fiat Chrysler Automobiles falsified US sales data are meritless and the company's financial reports are "totally accurate," chief executive Sergio Marchionne told reporters Friday. Marchionne said the FCA is cooperating with authorities f
Published 28 Aug, 2016 12:00am
Malaysian student protesters demand 1MDB arrest

Malaysian student protesters demand 1MDB arrest

Nearly a thousand protesters marched in the heart of the Malaysian capital on Saturday calling for the arrest of an unnamed high-ranking government official who US investigators say received $700 million skimmed from a sovereign fund. The student-led mass
Published 28 Aug, 2016 12:00am
South Korea, Japan to start talks on new forex swap agreement
Currency

South Korea, Japan to start talks on new forex swap agreement

South Korea and Japan said they will start talks on a new currency swap agreement after the countries' finance ministers met in Seoul on Saturday to bolster defences against global financial uncertainties. "South Korea offered to start talks on a currency
Published 28 Aug, 2016 12:00am
Fed should keep trillions in bonds to provide stability

Fed should keep trillions in bonds to provide stability

The US Federal Reserve should scrap a plan to shrink its massive bond holdings and instead keep them "indefinitely" as a new and little-recognized tool to protect against financial shocks, according to research presented on Saturday to some of the world's
Published 28 Aug, 2016 12:00am
Paraguay attack kills eight soldiers

Paraguay attack kills eight soldiers

Eight Paraguayan soldiers died Saturday in a roadside explosion, the government said, blaming it on a leftist guerrilla group. Interior Minister Francisco de Vargas said the attack occurred on a rural road near the village of Arroyito, some 500 kilometers
Published 28 Aug, 2016 12:00am
Fire kills 17 Kyrgyz nationals in Moscow printing plant

Fire kills 17 Kyrgyz nationals in Moscow printing plant

A fire in a Moscow printing plant killed 17 people on Saturday, officials said, and a representative of the Kyrgyz diaspora in Russia said all the dead were members of its community. "The incident happened when people were changing shifts at the printing
Published 28 Aug, 2016 12:00am
No 'Arab Spring' in Zimbabwe, Mugabe warns protesters

No 'Arab Spring' in Zimbabwe, Mugabe warns protesters

President Robert Mugabe warned protesters on Friday there would be no "Arab Spring" in Zimbabwe after anti-government demonstrations descended it to some of the worst violence seen in the southern African nation for two decades. Zimbabwean police fired te
Published 28 Aug, 2016 12:00am
Venezuela expels visiting Ecuadoran lawmakers

Venezuela expels visiting Ecuadoran lawmakers

A delegation of Ecuadoran lawmakers has been expelled from Venezuela after meeting with opposition leaders, the foreign ministry confirmed Saturday, accusing them of engaging in "destabilizing" activity. Cynthia Viteri, a member of the Ecuadoran Congress,
Published 28 Aug, 2016 12:00am
Taliban fighters overrun district in eastern Afghanistan

Taliban fighters overrun district in eastern Afghanistan

Taliban insurgents overran a district in eastern Afghanistan, killing and wounding dozens of police and soldiers and threatening strategically important road routes to Pakistan, officials said on Saturday. Abdul Rahman Solamal, governor of Jani Khel distr
Published 28 Aug, 2016 12:00am
Yemen cross-border shelling kills Saudi child

Yemen cross-border shelling kills Saudi child

A rocket fired from Yemen killed a three-year-old boy Saturday in the Saudi border region of Najran, a civil defence official said, in the latest cross-border attack by Iran-backed Yemeni rebels. Major Ali al-Shahrani, civil defence spokesman in southwest
Published 28 Aug, 2016 12:00am
Tunisia's youngest premier since independence sworn in

Tunisia's youngest premier since independence sworn in

Tunisia's new Prime Minister Youssef Chahed and members of his cabinet were sworn in on Saturday, the presidency said, after approval from parliament. The prime minister and his 26 ministers swore to "work devotedly for the good of Tunisia" and to "respec
Published 28 Aug, 2016 12:00am
Turkey allows policewomen to wear Islamic headscarf

Turkey allows policewomen to wear Islamic headscarf

Turkey has for the first time allowed policewomen to wear the Islamic headscarf as part of their uniform, according to a ruling published in the official gazette Saturday. Women serving in the police force "will be able to cover their heads" under their c
Published 28 Aug, 2016 12:00am
Australian teen completes record round world solo flight

Australian teen completes record round world solo flight

An Australian teenager made history on Saturday by becoming the youngest person to complete a solo circumnavigation of the world in a single engine aircraft. Lachlan Smart, from Queensland, touched down at Maroochydore Airport on the Sunshine Coast, where
Published 28 Aug, 2016 12:00am
Rousseff broke no laws, impeachment trial hears

Rousseff broke no laws, impeachment trial hears

Suspended Brazilian president Dilma Rousseff's former economy minster testified Saturday that Rousseff did not break any laws justifying impeachment, as her trial closed in on next week's climax. Rousseff, 68, is accused of taking illegal state loans to h
Published 28 Aug, 2016 12:00am
US and Russia fail to close deal on ending violence in Syria

US and Russia fail to close deal on ending violence in Syria

The United States and Russia failed on Friday to reach a breakthrough deal on military cooperation and a nationwide cessation of hostilities in Syria, saying they still have issues to resolve before an agreement could be announced. US Secretary of State J
Published 28 Aug, 2016 12:00am
Turkey ratchets up Syria offensive, says warplanes hit Kurdish militia

Turkey ratchets up Syria offensive, says warplanes hit Kurdish militia

Rebels supported by Turkey fought Kurdish-backed forces in north Syria on Saturday, as Ankara ratcheted up its cross-border offensive by saying it had launched air strikes against both Kurdish forces and Islamic State. Turkey's government, which is fighti
Published 28 Aug, 2016 12:00am
Six terrorists held

Six terrorists held

A terrorists' network was busted on Saturday after action of security forces and intelligence agencies in Nushki, foiling a major terrorism plan in the province. According to details, at least six terrorists including a commander running al Qaeda's networ
Published 28 Aug, 2016 12:00am
Recent rains to be beneficial for cotton crop
Cotton

Recent rains to be beneficial for cotton crop

The current monsoon rains may negatively impact on cotton crop if they are sustained for a long period, but would have a positive impact over other standing major Kharif crops including rice, sugarcane and maize. According to senior officials of the Minis
Published 28 Aug, 2016 12:00am
Meezan Bank using Oracle Exadata Database Machine

Meezan Bank using Oracle Exadata Database Machine

Meezan Bank Ltd, the largest Islamic bank in Pakistan, is using Oracle Exadata Database Machine to cut the close of business time by 30 percent. Meezan Bank was also able to reduce their data center footprint by running their core banking database on Orac
Published 28 Aug, 2016 12:00am
Corporate governance rules for PSCs being improved

Corporate governance rules for PSCs being improved

The Securities and Exchange Commission of Pakistan has issued the draft of amendments to the Public Sector Companies (Corporate Governance) Rules, 2013, to obtain feedback from the stakeholders and the public. Based on the implementation experience as wel
Published 28 Aug, 2016 12:00am
Support to militancy in Balochistan decreases: Bizenjo

Support to militancy in Balochistan decreases: Bizenjo

Chief of Balochistan National Party Mir Hasil Khan Bizenjo, who is also federal minister for ports and shipping, has said there has been significant reduction in support for militancy in Balochistan. In an interview with BBC Urdu Service, Bizenjo said tha
Published 28 Aug, 2016 12:00am
Over Rs 10 million looted from bank in Multan

Over Rs 10 million looted from bank in Multan

Armed robbers looted cash worth millions of rupees from a private bank branch here on Saturday. Police said that six armed robbers barged into a private bank branch located near crowded Bahawalpur Bypass Chowk in Multan. The robbers took the staff hostage
Published 28 Aug, 2016 12:00am
Three SHOs suspended for torturing Chinese engineers

Three SHOs suspended for torturing Chinese engineers

The investigation committee suspended three Station House Officers (SHOs) among nine policemen for alleged involvement in torturing Chinese engineers engaged in development work of China Pakistan Economic Corridor (CPEC). A two-member committee headed by
Published 28 Aug, 2016 12:00am
Two flights diverted during cloudburst

Two flights diverted during cloudburst

Following the heavy cloudburst on Saturday afternoon, two flights were diverted to other airports to avoid any untoward incident. According to sources, PIA flight, which was coming from Faisalabad, was diverted to Nawab Shah while Air Blue had also landed
Published 28 Aug, 2016 12:00am
LG system to be introduced next year in FATA: Jhagra

LG system to be introduced next year in FATA: Jhagra

Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra on Saturday said that Local Government System will be introduced in Federally Administered Tribal Areas (FATA) next year. According to sources, he said fund for annual development program of FATA has been inc
Published 28 Aug, 2016 12:00am
Dar review progress of work on ongoing FWO projects

Dar review progress of work on ongoing FWO projects

Federal Finance Minister Senator Ishaq Dar held a meeting with a delegation of Frontier Works Organization (FWO) here on Saturday. Director General FWO, Major General Muhammad Afzal briefed the Finance Minister on the projects being undertaken by the FWO.
Published 28 Aug, 2016 12:00am
Crime incidents increase in Capital

Crime incidents increase in Capital

The heavily guarded federal capital saw an increase in the incidents of robberies, purse snatching, auto thefts, kidnappings and dishonored cheque during the last week. As per details collected from official sources, the armed robbers struck at 11 differe
Published 28 Aug, 2016 12:00am
Bomb defused at Peshawar flyover

Bomb defused at Peshawar flyover

The bomb disposal squad (BDS) on Saturday defused a hand grenade hurled at Peshawar's Mufti Mahmood Flyover, Peshawar. According to details, the locals called police and Bomb Disposal Squad and informed them about the bomb after which they arrived at the
Published 28 Aug, 2016 12:00am
Zafar Hussain appointed as vice chairman of FPCCI body

Zafar Hussain appointed as vice chairman of FPCCI body

Khalid Tawab Acting President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has appointed Zafar Hussain as Vice Chairman of FPCCI Standing Committee for "Anti Fake Products & Intellectual Property Rights Enforcement" for the year 201
Published 28 Aug, 2016 12:00am
CJ presides Al-Mizan Foundation advisory board's meeting

CJ presides Al-Mizan Foundation advisory board's meeting

Chief Justice of Pakistan Justice Anwar Zaheer Jamali, presided over the meeting of Al-Mizan Foundation Advisory Board and Committee of Administration at Supreme Court of Pakistan, in Islamabad on Saturday. Chief Justice Anwar Zaheer Jamali welcomed the p
Published 28 Aug, 2016 12:00am
CPEC chains: Pakistani businesses advised to invest in R&D

CPEC chains: Pakistani businesses advised to invest in R&D

Pakistan's business community should prepare itself to be part of CPEC-connecting new international value chains and invest in research and development to enhance its capacity to meet the challenges and reap the opportunities the Chinese initiative was se
Published 28 Aug, 2016 12:00am
No anti-Congo vaccine discovered yet: Professor Ghias

No anti-Congo vaccine discovered yet: Professor Ghias

The Principal of the Post Graduate Medical Institute (PGMI) and Lahore General Hospital (LHG) Professor Ghias-Un-Nabi Tayyab has said that Congo fever is a fatal disease which can be avoided only by adopting precautionary measures and so far no anti Congo
Published 28 Aug, 2016 12:00am
3P Learning organizes conference

3P Learning organizes conference

"To foster a more whole-brained scholastic experience, teachers should use instructional techniques that connect with both sides of the brain", said Doctor Moiz Hussain Director The Institute of Mind Sciences Karachi while addressing the Love Learning Con
Published 28 Aug, 2016 12:00am
LDA DG supervises post-rain WASA operation

LDA DG supervises post-rain WASA operation

Director General Lahore Development Authority, Nabeel Javed, personally supervised the post-rain operation of WASA for disposal of storm water from various localities of the city on Saturday, in the wake of heaviest downpour during the current monsoon sea
Published 28 Aug, 2016 12:00am
Traders demand withdrawal of customs duty on electronic items

Traders demand withdrawal of customs duty on electronic items

The Hall Roads Traders Association on Saturday staged a protest on Saturday against the increase of 500 percent custom duty on the import of electronic items. They demanded that government should immediately take back the decision of increasing the custom
Published 28 Aug, 2016 12:00am
Turkey to cooperate in improvement of healthcare system

Turkey to cooperate in improvement of healthcare system

Punjab Chief Minister Muhammad Shahbaz Sharif met Turkish Health Minister Recep Akdag in Istanbul on Friday. During the visit of the Chief Minister Muhammad Shahbaz Sharif it was agreed to improve healthcare system in Punjab with the cooperation of Turkey
Published 28 Aug, 2016 12:00am
Punjab Medical & Dental Colleges: entrance test today

Punjab Medical & Dental Colleges: entrance test today

More than 56,000 candidates (36,000 female and 20,000 male) will appear today in Punjab Medical/Dental Colleges' Entrance Test to be conducted by University of Health Sciences (UHS). Punjab government has finalized the arrangements for the test and has de
Published 28 Aug, 2016 12:00am
LHC moved to place MQM leaders' names on ECL

LHC moved to place MQM leaders' names on ECL

A bar member has approached the Lahore High Court against three MQM leaders Dr Farooq Sattar, Khalid Maqbool Siddiqui and Khwaja Izharul for placing their names on Exit Control List (ECL). Barrister Ali Gillani alleged in his petition that Dr Farooq Satta
Published 28 Aug, 2016 12:00am
LCCI polls: PIAF-Founder Alliance starts drive

LCCI polls: PIAF-Founder Alliance starts drive

The PIAF-Founders Alliance on Saturday kicked off its election campaign by inaugurating its election office for the upcoming polls of the Lahore Chamber of Commerce and Industry. It is pertinent to mention that the LCCI members will elect executive commit
Published 28 Aug, 2016 12:00am
Government should accord priority to peace, justice: Justice Hani

Government should accord priority to peace, justice: Justice Hani

A Seminar with the theme "DNA Typing Role of Judiciary and Investigating Agencies" was held at Liaquat University of Medical & Health Sciences Jamshoro on Saturday. Chief guest Justice Ameer Muslim Hani, Judge of Supreme Court of Pakistan said that provis
Published 28 Aug, 2016 12:00am
NAP implementation, peace restoration top priorities: CM

NAP implementation, peace restoration top priorities: CM

Sindh Chief Minister Syed Murad Ali Shah has said that implementation of National Action Plan (NAP) and restoration of law & order are his top priorities. Therefore, indiscriminate action against the criminals and outlaw must be continued. "We are committ
Published 28 Aug, 2016 12:00am
SU holds 195th meeting of syndicate

SU holds 195th meeting of syndicate

The 195th meeting of the Syndicate of University of Sindh was held. Professor Dr Muhammad Siddique Kalhoro, Vice-Chancellor, University of Sindh presided over the meeting. The meeting approved the recommendations made by the Selection Board of the Univers
Published 28 Aug, 2016 12:00am
'MQM issue' would be exposed in 8 to 10 days: Khurshid

'MQM issue' would be exposed in 8 to 10 days: Khurshid

Opposition leader in National Assembly Khurshid Shah on Saturday said that Muttahida Qaumi Movement's (MQM) issue would be exposed in eight to ten days as the party members have disowned their leader Altaf Hussain. While inspecting a development project i
Published 28 Aug, 2016 12:00am
Rain brings down temperature but causes water-logging in Karachi

Rain brings down temperature but causes water-logging in Karachi

Monsoon rainfall struck parts of the city scaling down the soaring temperature while Met Office on Saturday forecast more rains with thunderstorm across Sindh in the next 24 hours. Many parts of the city received heavy downpour while some witnessed drizzl
Published 28 Aug, 2016 12:00am
K-Electric re-energises 250 tripped feeders: spokesperson

K-Electric re-energises 250 tripped feeders: spokesperson

The K-Electric teams managed to re-energize the feeders that tripped due to heavy rains on Saturday. According to the KE's spokesperson, K-Electric's 'rapid response teams' remained alert following prediction of rain. The teams responded swiftly to restor
Published 28 Aug, 2016 12:00am
Polio eradication campaign in Waziristan ordered

Polio eradication campaign in Waziristan ordered

Director Health Services (DHS) FATA Dr Jawad Habib Khan has directed to conduct routine EPI campaign in North Waziristan and South Waziristan Agency in response to the findings of Diphtheria outbreak. He said while a chairing a meeting, renewed campaigns
Published 28 Aug, 2016 12:00am
Geelani releases 'Quit J&K' message for Indian forces

Geelani releases 'Quit J&K' message for Indian forces

The Chairman of All Parties Hurriyat Conference, Syed Ali Geelani, has asked the Indian forces to read the writing on the wall and quit Kashmir. Syed Ali Geelani, who is under house arrest for a very long time now, released his written message titled 'Qui
Published 28 Aug, 2016 12:00am
Annual revision: ECP expected to register 98 million voters

Annual revision: ECP expected to register 98 million voters

The Election Commission of Pakistan (ECP) is expected to register an estimated 98 million voters in annual revision process which is scheduled to conclude on Monday. Under the annual revision of electoral rolls for year 2016, all new National Identity Car
Published 28 Aug, 2016 12:00am
Rs 5 coin to be recomposed: government to introduce Rs 10 coin

Rs 5 coin to be recomposed: government to introduce Rs 10 coin

The federal government has decided to introduce coins of Rs 10 and revise composition of Rs 5 coin by reducing intrinsic value from Rs 3.04 to Rs 2.60 and other features, sources close to Secretary Finance told Business Recorder. The federal govern
Published 28 Aug, 2016 12:00am
Sri Lankan FM congratulates Dar for hosting SAARC meeting

Sri Lankan FM congratulates Dar for hosting SAARC meeting

Finance Minister of Sri Lanka, Mr Ravi Karunanayake, called on Finance Minister Senator Mohammad Ishaq Dar in Islamabad Saturday. Karunanayake was in Islamabad as head of Sri Lankan delegation which attended the 8th meeting of the SAARC Finance Ministers.
Published 28 Aug, 2016 12:00am
Panama Leaks: JI's petition returned

Panama Leaks: JI's petition returned

Returning the petition of Jamaat-e-Islami that had sought directives to the federal government to initiate an inquiry into the Panama Leaks, the Supreme Court on Saturday termed it not entertainable on three grounds. On August 24, making Federation of Pak
Published 28 Aug, 2016 12:00am
Prices of most vegetables witness increase

Prices of most vegetables witness increase

Vegetables prices have witnessed an increase, while non perishable kitchen items and fruits prices remained unchanged during this past week over the preceding week, revealed a survey conducted by Business Recorder here on Saturday. The survey obser
Published 28 Aug, 2016 12:00am
Pakistan will continue to extend moral support to Kashmiris: AJK PM

Pakistan will continue to extend moral support to Kashmiris: AJK PM

Prime Minister of the Azad Jammu and Kashmir, Raja Farooq Haider on Saturday called on the Khyber Pakhtunkhwa Governor, Engineer Iqbal Zafar Jhagrra at Governor's House and discussed matters of mutual interests. Talking on the occasion, the Governor welco
Published 28 Aug, 2016 12:00am
One killed in hand- grenade attack

One killed in hand- grenade attack

One person killed while three women and a child injured in a hand grenade attack on a house in Karak, police sources said on Saturday. According to police, some identified persons targeted a house with hand grenade in Narai Panwas, area of Karak, which we
Published 28 Aug, 2016 12:00am
Imran Khan's third marriage: PEMRA body recommends fines on channels

Imran Khan's third marriage: PEMRA body recommends fines on channels

Pakistan Electronic Media Regulatory Authority (PEMRA) complaints council on Saturday recommended a Rs 500,000 fine on each channel which reported a fake news regarding Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan's third marriage. According to a notif
Published 28 Aug, 2016 12:00am
Is Saarc relevant?

Is Saarc relevant?

Speaking to the participants of Saarc finance ministers' moot, prime minister Nawaz Sharif has underscored the need for greater cohesion among member states. He has reportedly said that the interdependence calls for a greater cohesion amongst the Saarc me
Published 28 Aug, 2016 12:00am
When death comes to stay: one Italian village's story

When death comes to stay: one Italian village's story

Nowhere was hit harder by the earthquake that brought death and devastation to a remote corner of central Italy this week than Saletta. And if you listen to the locals, the tiny mountain hamlet is never going to recover from the wounds it has suffered. In
Published 28 Aug, 2016 12:00am
Ghost migrants eke out life on Greek-Macedonia border

Ghost migrants eke out life on Greek-Macedonia border

Inside the sleepy canteen of Idomeni, the Greek railway post on the border with Macedonia, the ring of a phone breaks the endless silence. Stratos, the manager, jots down the order: five portions of okra, three of chicken, four salads, 10 bottles of water
Published 28 Aug, 2016 12:00am