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Oct 11, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-09-08
Singapore to use data tracking against money-laundering

Singapore to use data tracking against money-laundering

Singapore will step up the fight against money-laundering with a newly created surveillance unit and data tracking but private banks must take the lead, its chief financial regulator said Tuesday. Ravi Menon, managing director of the Monetary Authority of
Published 08 Sep, 2016 12:00am
Hanjin to spend $90 million to ease shipping crisis

Hanjin to spend $90 million to ease shipping crisis

South Korea's Hanjin Group said Tuesday it would provide its shipping firm with 100 billion won ($90.4 million) to help ease huge disruptions to global sea freight after the unit filed for bankruptcy. Hanjin Shipping, the world's seventh largest shipping
Published 08 Sep, 2016 12:00am
Struggling to feed families, Venezuelans abandon pets

Struggling to feed families, Venezuelans abandon pets

Venezuelans struggling to feed their families, let alone their pets, during the country's deep economic crisis are increasingly abandoning emaciated dogs in streets, public parks and makeshift shelters because they no longer can afford to care for them.
Published 08 Sep, 2016 12:00am
Volvo, Autoliv form driverless car joint venture

Volvo, Autoliv form driverless car joint venture

Swedish automaker Volvo Cars will form a joint venture with car safety world leader Autoliv to develop software for driverless vehicles, the two companies said on Tuesday. Volvo Cars said in a statement it was forming the joint venture with Autoliv, a Swe
Published 08 Sep, 2016 12:00am
Ukraine plans to deliver world's largest jet to China

Ukraine plans to deliver world's largest jet to China

Ukraine said on Wednesday it may deliver the world's largest jet - originally developed for the Soviet Union's abandoned space shuttle programme - to China within the next five years. The first AN-225 Mriya (Dream) six-engine heavy lifter was built by the
Published 08 Sep, 2016 12:00am
Sri Lanka to ground former president's 'vanity airline'

Sri Lanka to ground former president's 'vanity airline'

Sri Lanka will scrap an airline set up by the country's strongman former president and widely seen as a vanity project, with the national carrier set to take over its routes, an official said Wednesday. Budget carrier Mihin Lanka was founded by Mahinda Ra
Published 08 Sep, 2016 12:00am
German industrial production takes surprise tumble

German industrial production takes surprise tumble

Industrial production in Germany unexpectedly fell back sharply in July amid sluggish global demand, official data showed Wednesday, fuelling concern of a "further cooling" of the economy. July saw production 1.5 percent lower than the previous month in E
Published 08 Sep, 2016 12:00am
Palestinian economy sapped by Israeli conflict, divisions: IMF

Palestinian economy sapped by Israeli conflict, divisions: IMF

The conflict with Israel, the blockade on Gaza and internal political infighting have severely constrained the Palestinian economy, according to an International Monetary Fund report released Wednesday. Palestinian gross domestic product (GDP) per capita
Published 08 Sep, 2016 12:00am
Canada central bank keeps key lending rate at 0.5 percent

Canada central bank keeps key lending rate at 0.5 percent

Canada's central bank maintained its key lending rate at 0.5 percent Wednesday while signalling hope for an economic rebound in the coming months following a dismal first half of 2016. Recently released economic data showed the biggest quarterly decline i
Published 08 Sep, 2016 12:00am
Dell finalises huge EMC deal to become tech titan

Dell finalises huge EMC deal to become tech titan

US computer maker Dell said Wednesday it completed the acquisition of data storage firm EMC, creating the largest privately held technology group with a range of computing services. The completion creates a new firm called Dell Technologies and finalises
Published 08 Sep, 2016 12:00am
Malaysia holds key rate

Malaysia holds key rate

Malaysia's central bank, expressing optimism the country will stay on a steady growth path through 2017, kept its key interest rate at 3.00 percent on Wednesday, as expected. Bank Negara Malaysia (BNM) said there is sufficient activity to support the econ
Published 08 Sep, 2016 12:00am
France's PSA opens new plant in China

France's PSA opens new plant in China

French auto giant PSA Peugeot Citroen on Wednesday opened its fifth plant in China to embrace a boom in sport-utility vehicles (SUVs), as it tries to stem sharp sales falls in the world's largest car market. PSA and its Chinese partner Dongfeng Motors - t
Published 08 Sep, 2016 12:00am
US job openings at record high, skills mismatch emerging

US job openings at record high, skills mismatch emerging

US job openings surged to a record high in July, but a lag in hiring suggested employers were struggling to find qualified workers to fill the positions. The monthly Job Openings and Labour Turnover Survey, or JOLTS, released by the Labour Department on W
Published 08 Sep, 2016 12:00am
China's foreign exchange reserves fall $16 billion in August
Currency

China's foreign exchange reserves fall $16 billion in August

China's foreign exchange reserves fell by some $16 billion dollars in August, officials said Wednesday, as the country's central bank sold dollars to defend its currency against capital outflows. The world's largest currency hoard fell to just under $3.19
Published 08 Sep, 2016 12:00am
EU defends 'free roaming' pledge despite 90-day limit

EU defends 'free roaming' pledge despite 90-day limit

The EU insisted Wednesday it had not scrapped its popular pledge to end roaming charges for mobile phone users despite unveiling a proposal to limit the measure to 90 days. "Let me be very clear, we have put an end to roaming," European Commission spokesm
Published 08 Sep, 2016 12:00am
Norway's sovereign fund bars US Duke over pollution

Norway's sovereign fund bars US Duke over pollution

Norway's sovereign wealth fund, the world's biggest, has placed US group Duke Energy and three subsidiaries on its blacklist for causing "unacceptable" environmental damage, Norway's central bank said Wednesday. The fund, which is worth around 7.35 trilli
Published 08 Sep, 2016 12:00am
Norway's sovereign fund bars US Duke over pollution

Norway's sovereign fund bars US Duke over pollution

Norway's sovereign wealth fund, the world's biggest, has placed US group Duke Energy and three subsidiaries on its blacklist for causing "unacceptable" environmental damage, Norway's central bank said Wednesday. The fund, which is worth around 7.35 trilli
Published 08 Sep, 2016 12:00am
Gulf bourses fall as crude oil rebound slows

Gulf bourses fall as crude oil rebound slows

Stock markets in the Gulf declined on Wednesday as some investors stayed away ahead of market closures next week for Eidul-Azha holidays, and after recent gains in oil prices faded. Riyadh's main index retreated 0.8 percent in the lowest trading volume th
Published 08 Sep, 2016 12:00am
Eurozone bond yields fall

Eurozone bond yields fall

Eurozone bond yields fell on Wednesday on bets that weak data from the United States has put pressure on the European Central Bank to announce further policy easing measures. The ECB meets on Thursday. On Tuesday, data showed that the US service sector ex
Published 08 Sep, 2016 12:00am
Eurozone bond yields fall

Eurozone bond yields fall

Eurozone bond yields fell on Wednesday on bets that weak data from the United States has put pressure on the European Central Bank to announce further policy easing measures. The ECB meets on Thursday. On Tuesday, data showed that the US service sector ex
Published 08 Sep, 2016 12:00am
Tokyo stocks fall on surging yen

Tokyo stocks fall on surging yen

Tokyo stocks fell from a three-month high Wednesday with exporters and banks hit by a stronger yen as another batch of weak US data dampened the chances of an imminent interest rate hike. The Institute for Supply Management on Tuesday revealed a sharp fal
Published 08 Sep, 2016 12:00am
Wednesday's early afternoon trade: stocks fall

Wednesday's early afternoon trade: stocks fall

Wall Street edged lower on Wednesday after two Federal Reserve officials hinted at an interest rate hike as soon as this month. Kansas City Fed President and voting member Esther George said the US labour market could already be at full strength, one of t
Published 08 Sep, 2016 12:00am
Wall Street up on views Fed will hold off on rates

Wall Street up on views Fed will hold off on rates

US stocks rose slightly on Tuesday, nudging the Nasdaq to a record high close, as economic data bolstered views the Federal Reserve may decide against raising interest rates in the near term. The S&P financial index, which tends to rise with expectations
Published 08 Sep, 2016 12:00am
Hong Kong benchmark share index slips

Hong Kong benchmark share index slips

Hong Kong's benchmark share index slipped on Wednesday, snapping a four-day winning streak, but an index tracking Hong Kong-listed Chinese shares continued to advance as more money flowed in from mainland investors. The Hang Seng index ended down 0.2 perc
Published 08 Sep, 2016 12:00am
Treasury yields slide to 2-week low

Treasury yields slide to 2-week low

US Treasury yields fell across the board on Tuesday, with most maturities falling to two-week lows, after a weaker-than-expected reading of a US services sector index for August diminished expectations the Federal Reserve will raise interest rates when it
Published 08 Sep, 2016 12:00am
Treasury yields slide to 2-week low

Treasury yields slide to 2-week low

US Treasury yields fell across the board on Tuesday, with most maturities falling to two-week lows, after a weaker-than-expected reading of a US services sector index for August diminished expectations the Federal Reserve will raise interest rates when it
Published 08 Sep, 2016 12:00am
Taiwan stocks climb

Taiwan stocks climb

Taiwan stocks rose 1 percent to a 14-month high on Wednesday, tracking other regional bourses, with TSMC leading technology shares higher. Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chip maker and an Apple Inc supplier, jumped
Published 08 Sep, 2016 12:00am
Most Southeast Asian stocks down

Most Southeast Asian stocks down

Most Southeast Asian stock markets ended lower on Wednesday, with Philippine shares losing more than 1 percent, as investors kept to the sidelines ahead of a crucial European Central Bank meeting that is expected to keep policy rates unchanged. The ECB, w
Published 08 Sep, 2016 12:00am
China stocks little changed

China stocks little changed

China stocks were little changed on Wednesday, with falls in consumer and healthcare shares offset by gains in infrastructure and raw materials firms, as Beijing vowed to step up fiscal policy efforts to support the economy. China's State Council, or cabi
Published 08 Sep, 2016 12:00am
Indian shares lower

Indian shares lower

India's NSE index edged lower on Wednesday after hitting their highest level in 18 months earlier in the session, as investors booked profit in recent outperformers such as Housing Development Finance Corp Ltd. The NSE index ended down 0.28 percent at 8,9
Published 08 Sep, 2016 12:00am
European shares rise to hover near eight-month highs

European shares rise to hover near eight-month highs

European shares rose on Wednesday, taking a benchmark index close to eight-month highs, helped by some well-received company results and the prospect of more monetary stimulus from the European Central Bank. The STOXX Europe 600 index finished up 0.3 perc
Published 08 Sep, 2016 12:00am
Sri Lankan shares fall

Sri Lankan shares fall

Sri Lanka's benchmark index ended lower in lean trading on Wednesday, dragged by bluechips to a near one-month closing low, as investors largely stayed on the sidelines, stockbrokers said. The benchmark Colombo stock index ended 0.25 percent lower at 6,50
Published 08 Sep, 2016 12:00am
Australian shares rise; New Zealand hits record high

Australian shares rise; New Zealand hits record high

Australian shares ended marginally higher on Wednesday as the economy expanded at its fastest annual pace in four years last quarter on the back of surging exports. Growth in the April-June quarter was also bolstered by a pre-election spurt in government
Published 08 Sep, 2016 12:00am
FTSE rises as Ashtead and commodity stocks climb

FTSE rises as Ashtead and commodity stocks climb

Britain's top stock index rose on Wednesday, supported by stronger precious metals and oil company shares as well as by gains at equipment rentals company Ashtead. The bluechip FTSE 100 index ended 0.3 percent higher at 6,846.58 points, putting the index'
Published 08 Sep, 2016 12:00am
Yen strengthens in Asian trade

Yen strengthens in Asian trade

The yen charged ahead on Wednesday after downbeat US economic data made a US interest rate increase this month unlikely, prompting investors to trim their dollar bets and triggering stop-loss orders in early Asian trade. The dollar was down 0.6 percent at
Published 08 Sep, 2016 12:00am
Dollar weakens against yen in Europe
Currency

Dollar weakens against yen in Europe

The dollar fell to its lowest in more than a week against the yen on Wednesday as subdued US data made an interest rate increase this month unlikely and drove investors to cut favourable bets in the greenback. In Europe, sterling fell for the first time i
Published 08 Sep, 2016 12:00am
Early trade in New York: Yen rises after report of BoJ policy discord

Early trade in New York: Yen rises after report of BoJ policy discord

The dollar fell to a more than one-week low against the yen on Wednesday after a report from the Sankei newspaper that Bank of Japan policymakers are divided ahead of the central bank's next meeting. The Bank of Japan is split on whether to add stimulus a
Published 08 Sep, 2016 12:00am
Dollar falls against majors in New York
Currency

Dollar falls against majors in New York

The dollar tumbled on Tuesday after economic data showed the US service sector grew at its slowest pace since early 2010, which dimmed expectations for a near-term interest rate increase from the Federal Reserve. The dollar fell at least 1 percent against
Published 08 Sep, 2016 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee ended slightly firmer on Wednesday as banks sold dollars on behalf of foreign investors and as exporters sold the greenback amid a lack of demand from importers for the US currency, dealers said. The spot rupee ended at 145.40/45 per
Published 08 Sep, 2016 12:00am
Asia FX rally; won close to 15-month peak
Currency

Asia FX rally; won close to 15-month peak

Most emerging Asian currencies rose on Wednesday as disappointing US services sector data eased expectations of an immediate interest rate hike by the Federal Reserve, helping investors keep seeking higher yields in the region. "A September hike is now of
Published 08 Sep, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 78.40-78.40 (previous 78.40-78.40).
Published 08 Sep, 2016 12:00am
Sterling retreats
Currency

Sterling retreats

Sterling retreated from its highest levels in seven weeks on Wednesday after British industrial output data for July painted a less rosy picture of the economic aftermath of Britons' vote in June to leave the European Union. The fastest fall in manufactur
Published 08 Sep, 2016 12:00am
Aussie pauses, kiwi up
Currency

Aussie pauses, kiwi up

The Australian dollar paused on Wednesday after a strong rally overnight as downbeat economic figures weighed on its US counterpart. The Australian dollar held at $0.7673, near three-week highs after domestic data showed the economy expanded at its fastes
Published 08 Sep, 2016 12:00am
Sri Lanka's Senanayake fined

Sri Lanka's Senanayake fined

Sri Lankan off-spinner Sachithra Senanayake has been fined 30 per cent of his match fee for making disparaging remarks during the opening T20 game against Australia. The incident happened in the fifth over of Australia's innings on Tuesday when Senanayake
Published 08 Sep, 2016 12:00am
PCB U-17 Academy win Defence Day Twenty20 title

PCB U-17 Academy win Defence Day Twenty20 title

Pakistan Cricket Board Under-17 Women Academy clinched the trophy after defeating Under-17 team of the Frontier College for Women by just three runs in the Twenty20 Cricket match played in connection with Defence Day celebration here at College premises W
Published 08 Sep, 2016 12:00am
Clarke takes young Nepalese spinner under wing

Clarke takes young Nepalese spinner under wing

Former Australian captain Michael Clarke has taken a young Nepalese leg spinner under his wing, helping bring him to Sydney to train at his academy and play with his club. Clarke spotted Sandeep Lamichhane, 16, while he was coaching recently in Hong Kong,
Published 08 Sep, 2016 12:00am
KPK clinch 6 gold, 9 silver medals in athletics contest

KPK clinch 6 gold, 9 silver medals in athletics contest

Khyber Pakhtunkhwa excelled of winning six gold medals, nine silver and six bronze medals in the National Youth and National Junior Athletic Championships recently concluded at Jinnah Sports Complex Islamabad. Talking to media men President KP Pakhtunkhwa
Published 08 Sep, 2016 12:00am
Djokovic sets up semi-final clash with Monfils

Djokovic sets up semi-final clash with Monfils

Defending champion Novak Djokovic booked a 10th straight US Open semi-final appearance when Jo-Wilfried Tsonga retired trailing 6-3, 6-2 in their marquee quarter-final on Tuesday. It was the third time in five matches that an opponent's injury has worked
Published 08 Sep, 2016 12:00am
Japanese man, 73, in record swimming bid

Japanese man, 73, in record swimming bid

A Japanese man aged 73 sought to become the world's oldest person to swim across the country's Tsugaru Strait on Wednesday, braving treacherous currents and stinging jellyfish in his quest. Toshio Tominaga's record bid will see him spend about a dozen hou
Published 08 Sep, 2016 12:00am
Obama links US Olympic success to genetic diversity

Obama links US Olympic success to genetic diversity

President Barack Obama linked US Olympic prowess to the country's racial and ethnic diversity Wednesday, as he urged young Southeast Asians to support inclusive societies. Speaking in Luang Prabang in northern Laos, Obama told members of the Young Southea
Published 08 Sep, 2016 12:00am
Neymar scores as Brazil march on, Uruguay go top

Neymar scores as Brazil march on, Uruguay go top

Brazil's march towards the 2018 World Cup gathered pace on Tuesday with a Neymar-inspired win over Colombia as Uruguay surged to the top of the South American qualification standings with a 4-0 rout of Paraguay. Just four days after their first ever victo
Published 08 Sep, 2016 12:00am
Paralympics put problems aside for gala opening

Paralympics put problems aside for gala opening

Thousands of fans and athletes will open the 2016 Rio Paralympics at a gala ceremony on Wednesday where organisers hope to draw a line under a chaotic build-up. A Russian doping scandal and claims that the athletes' classification system is being manipula
Published 08 Sep, 2016 12:00am
Former England paceman Higgs dies

Former England paceman Higgs dies

Former England fast-medium bowler Ken Higgs has died aged 79, his former county Leicestershire announced Wednesday. "Leicestershire County Cricket Club is extremely saddened to learn of the passing of the great fast-medium opening bowler, Kenneth (Ken) Hi
Published 08 Sep, 2016 12:00am
Strauss issues Bangladesh deadline to England players

Strauss issues Bangladesh deadline to England players

England chief Andrew Strauss said Wednesday that players have three days left to decide if they are willing to tour Bangladesh amid ongoing security concerns surrounding the country. And the former England captain made it clear that anyone who opted out r
Published 08 Sep, 2016 12:00am
Fresh protests press Maduro in tense Venezuela crisis

Fresh protests press Maduro in tense Venezuela crisis

Venezuela's opposition mounted fresh nation-wide protests Wednesday to push for a vote on driving President Nicolas Maduro from power in the crisis-stricken country. A week after a mass demonstration in the capital, supporters of the opposition MUD coalit
Published 08 Sep, 2016 12:00am
Knifeman attacks Brussels police

Knifeman attacks Brussels police

A man wielding a knife attacked two Belgian police officers in the capital Brussels on Wednesday but their body armour protected them and they were unhurt, the police said. Police gave no immediate details about the suspect's identity or motives for the a
Published 08 Sep, 2016 12:00am
Record-holding US astronaut and two Russians return to Earth

Record-holding US astronaut and two Russians return to Earth

An American astronaut who set the US record for cumulative time in orbit safely returned to Earth early Wednesday along with two Russian cosmonauts after a six-month mission aboard the International Space Station. NASA's Jeff Williams, 58, logged 534 days
Published 08 Sep, 2016 12:00am
States agree to clear cluster bombs worldwide by 2030

States agree to clear cluster bombs worldwide by 2030

More than 100 countries pledged Wednesday to clear unexploded cluster munitions used in conflict zones worldwide by 2030, a new step in the unfinished battle to prevent deaths by the weapons. Parties to the 2008 Convention on Cluster Munitions set their f
Published 08 Sep, 2016 12:00am
Zimbabwe court lifts ban on Harare protests

Zimbabwe court lifts ban on Harare protests

Zimbabwe's high court on Wednesday overturned a police ban on protests in the capital Harare after a challenge from activists involved in a surge of demonstrations against President Robert Mugabe. Mugabe has vowed to crack down on the protests, which have
Published 08 Sep, 2016 12:00am
US to give Philippines military planes: government

US to give Philippines military planes: government

The United States is giving the Philippines two used military aircraft, the coast guard said Wednesday, to help Manila expand sea patrols in the face of territorial disputes with China. The two Sherpa 30-seater aircraft will be delivered in December, Phil
Published 08 Sep, 2016 12:00am
Malaysia reports first pregnant Zika patient

Malaysia reports first pregnant Zika patient

Malaysia on Wednesday reported its first case of a pregnant woman with Zika - a resident of a Malaysian state bordering Singapore where authorities have already recorded 275 cases. The 27-year-old woman in the southern state of Johor is the third case det
Published 08 Sep, 2016 12:00am
Defiant Gabon president hits back at EU poll criticism

Defiant Gabon president hits back at EU poll criticism

Gabon's Ali Bongo on Wednesday rejected criticism of his disputed presidential election victory, accusing EU observers of bias towards his rival and insisting that only the country's top court could order a recount. Oil-rich Gabon has been in turmoil sinc
Published 08 Sep, 2016 12:00am
8 Kurdish rebels killed in north-west Iran

8 Kurdish rebels killed in north-west Iran

Eight members of the rebel Kurdish Democratic Party of Iran (KDPI) have been killed in clashes with security forces along the Iraqi border, state media reported Wednesday. Border guards fought the group overnight and into Wednesday morning in the north-we
Published 08 Sep, 2016 12:00am
Newton makes landfall again in Mexico after killing 2

Newton makes landfall again in Mexico after killing 2

Tropical storm Newton roared into north-western Mexico early Wednesday, making landfall a second time after leaving two people dead in Baja California, US forecasters said. Downgraded from a hurricane, the storm was still packing 110 kilometer-an-hour (70
Published 08 Sep, 2016 12:00am
27 dead in Egypt bus, train accidents

27 dead in Egypt bus, train accidents

At least 22 people were killed in a bus collision and five died when a train derailed in separate accidents south of Cairo Wednesday during a busy holiday travel time. The bus collided with a truck in the south-western province of Wedi El-Gedid, the Egypt
Published 08 Sep, 2016 12:00am
Nearly 50 million children 'uprooted' worldwide: UNICEF

Nearly 50 million children 'uprooted' worldwide: UNICEF

Almost 50 million children throughout the world have been "uprooted" from their homes by war, violence or persecution, the United Nations Children's Fund (UNICEF) said Wednesday. "Indelible images of individual children - Aylan Kurdi's small body washed u
Published 08 Sep, 2016 12:00am
Nigerian reporter freed after Boko Haram questioning: BBC

Nigerian reporter freed after Boko Haram questioning: BBC

A Nigerian journalist declared wanted by the authorities for alleged links to Boko Haram has been released from custody, the BBC reported him as saying on Wednesday. The military said last month it wanted to question Ahmad Salkida for allegedly concealing
Published 08 Sep, 2016 12:00am
Morocco, Sweden normalise relations after Western Sahara spat

Morocco, Sweden normalise relations after Western Sahara spat

Sweden's foreign minister was to hold talks with her Moroccan counterpart in Rabat on Wednesday in a sign of eased tensions after a year-long quarrel over the Western Sahara. Margot Wallstrom, who arrived on Tuesday, was to meet civil society representati
Published 08 Sep, 2016 12:00am
Turkey, US 'ready to work' on ousting IS from Raqa

Turkey, US 'ready to work' on ousting IS from Raqa

Washington and Ankara are ready to work together to push Islamic State jihadists out of their de facto capital of Raqa in northern Syria, Turkish President Recep Tayyip Erdogan said in comments published Wednesday. Erdogan said he had agreed with Presiden
Published 08 Sep, 2016 12:00am
Washington Post to roll out speedy mobile news site

Washington Post to roll out speedy mobile news site

The Washington Post announced Tuesday it was rolling out a "lightning-fast" mobile news site that would provide near-instant load times for both articles and advertising. The Post, purchased in 2013 by Amazon founder Jeff Bezos, said in a statement was co
Published 08 Sep, 2016 12:00am
Hong Kong pro-independence students protest over ban

Hong Kong pro-independence students protest over ban

Secondary school students pushing for Hong Kong's breakaway from China have threatened protests after staff stopped them from handing out political pamphlets, as the government puts pressure on independence activists. Since the beginning of term last week
Published 08 Sep, 2016 12:00am
Denmark to pay for Panama Papers data on tax evaders

Denmark to pay for Panama Papers data on tax evaders

The Danish government said on Wednesday it would pay an anonymous source for leaked data from the Panama Papers on hundreds of Danish taxpayers. "We must use the necessary measures to catch the tax evaders hiding fortunes in for example Panama with the ai
Published 08 Sep, 2016 12:00am
Merkel defends refugee policy

Merkel defends refugee policy

Chancellor Angela Merkel called on her ruling coalition Wednesday to resist pressure to change its refugee policy after a stinging defeat to the upstart anti-migrant AfD in regional polls at the weekend. In her first address to parliament since Sunday's e
Published 08 Sep, 2016 12:00am
Syria swaps prisoners for Russian bodies

Syria swaps prisoners for Russian bodies

The Syrian government has begun releasing 169 prisoners in exchange for the return of the bodies of five Russian soldiers killed when their helicopter was downed, a lawyer said Wednesday. "On Tuesday, 50 inmates including seven women were set free from Ad
Published 08 Sep, 2016 12:00am
Terror link after gas cylinders found in Paris

Terror link after gas cylinders found in Paris

French police were holding two suspects Wednesday after gas cylinders were found in a car near Paris's famous Notre Dame cathedral, sources close to the investigation said. The Peugeot 607 was discovered abandoned, with headlights flashing, at the weekend
Published 08 Sep, 2016 12:00am
NAB Forensic Science Lab made operational

NAB Forensic Science Lab made operational

Qamar Zaman Chaudhary Chairman, National Accountability Bureau (NAB) said the NAB had established Forensic Science Lab which had been made operational with an aim at equipping NAB with latest technology to cater to its emerging needs to eliminate menace o
Published 08 Sep, 2016 12:00am
World Literacy Day today

World Literacy Day today

Like other parts of the globe, the World Literacy Day is being marked on Thursday (today) in Pakistan with a firm resolve to continue efforts for stamping out illiteracy through education to all. Both the public and private sectors have planned events to
Published 08 Sep, 2016 12:00am
Pakistan condemns terrorist attack in Kabul

Pakistan condemns terrorist attack in Kabul

Pakistan strongly condemns the terrorist attack in Kabul on Tuesday at a charity organisation that led to loss of precious human lives and left many injured. Pakistan extended profound condolences to the Government and the people of Afghanistan and the be
Published 08 Sep, 2016 12:00am
Senate body irked by Anusha's absence

Senate body irked by Anusha's absence

Senate Standing Committee on less Developed Areas has expressed deep concern over absence of Minister of State for Information Technology Anusha Rehman from the committee meeting without intimation. The committee meeting was held under the chairmanship of
Published 08 Sep, 2016 12:00am
Loads Limited

Loads Limited

Loads Limited was established in 1979 with the purpose of manufacturing auto parts (exhaust systems, radiators, sheet metal components). Commercial production started in 1985 with the first order from Pak Suzuki Company. In 1987, the company started manuf
Published 08 Sep, 2016 12:00am
Loads Limited

Loads Limited

Loads Limited was established in 1979 with the purpose of manufacturing auto parts (exhaust systems, radiators, sheet metal components). Commercial production started in 1985 with the first order from Pak Suzuki Company. In 1987, the company started manuf
Published 08 Sep, 2016 12:00am
Sacrificial animals: Prices witness manifold increase

Sacrificial animals: Prices witness manifold increase

Prices of an entire range of sacrificial animals from goats to bulls have witnessed a manifold increase as Eid-ul-Azha approaches making it difficult for buyers to purchase sacrificial animals. A survey conducted by Business Recorder here on Wednes
Published 08 Sep, 2016 12:00am
'Removal from Service': FBR imposes major penalty on FBR official

'Removal from Service': FBR imposes major penalty on FBR official

The Federal Board of Revenue (FBR) has imposed major penalty of "Removal from Service" upon Dr Muhammad Aitzaz Ahsan Khan (PCS/BS-18, Deputy Collector, Model Customs Collectorate, Peshawar. According to a notification issued by the FBR on Wednesday, disci
Published 08 Sep, 2016 12:00am
Hunar Mela in Peshawar tomorrow

Hunar Mela in Peshawar tomorrow

The Fata Development Authority will hold a Hunar Mela in Peshawar on Friday (tomorrow). Muhammad Arshad Farooq, Manager Skills Fata Development Authority said that the event is going to organise with the support of the Technical and Vocational Education T
Published 08 Sep, 2016 12:00am
MPCL makes gas discovery in Ghotki

MPCL makes gas discovery in Ghotki

Mari Petroleum Company Limited (MPCL) has made a new gas discovery at Shahbaz-1 exploration well, drilled in Mari D&P Lease, located in District Ghotki, Sindh province. MPCL is the sole owner and operator of Mari D&P Lease. The said well was spud-in on Ju
Published 08 Sep, 2016 12:00am
Fata reforms to reflect aspirations of tribesmen: Jhagra

Fata reforms to reflect aspirations of tribesmen: Jhagra

Governor, Khyber Pakhtunkhwa, Iqbal Zafar Jhagra has said that reforms in Fata will be made in accordance with the aspirations of the tribal people and to do this, every possible mean will be applied. This he stated while presiding over a meeting of the F
Published 08 Sep, 2016 12:00am
50 INGOs allowed to operate in Pakistan

50 INGOs allowed to operate in Pakistan

The Ministry of Interior has allowed 50 international non-government organisations (INGOs) to operate in Pakistan. An official said that 132 INGOs had applied for registration under a new policy, of which 50 applications had been approved and cases of 15
Published 08 Sep, 2016 12:00am
SECP holds seminar for students

SECP holds seminar for students

The Securities and Exchange Commission of Pakistan, under its initiative of educating investors, organized a seminar for the students and employees of A.F Ferguson and Company at Lahore. It was a daylong event, full of insights from experienced profession
Published 08 Sep, 2016 12:00am
Pakistan, Portugal discuss bilateral ties

Pakistan, Portugal discuss bilateral ties

The first round of Pakistan-Portugal Bilateral Political Consultations was held at Lisbon on Tuesday. Additional Foreign Secretary Iftekhar Aziz led the Pakistan delegation while the Portuguese side was led by Francisco Durate Lopes, Political Director. T
Published 08 Sep, 2016 12:00am
Chinese company to help set up businesses in Jiaxing: MoU inked

Chinese company to help set up businesses in Jiaxing: MoU inked

All Pakistan Business Forum (APBF) and Zhimakaimen Economic and Trading Industrial Zone Management Company Limited, China on Wednesday inked a memorandum of understanding (MoU) here at the Small and Medium Enterprises Development Authority (Smeda).
Published 08 Sep, 2016 12:00am
Regus expands its operations in Faisalabad

Regus expands its operations in Faisalabad

Fully furnished and customised offices on rental basis is a new experiment in Faisalabad which will help in attracting new investors as well as vendors in the backdrop of CPEC, said Nikolai V. Deulin, Regional Commercial Director of the Regus. He was talk
Published 08 Sep, 2016 12:00am
PAD launches campaign against spurious pesticides

PAD launches campaign against spurious pesticides

The Punjab Agriculture Department (PAD) has launched a campaign against adulteration in pesticides and fertilisers. Pest warning & Quality Control of Pesticides wing following a raid in Lahore on a factory confiscated fake pesticides worth millions of rup
Published 08 Sep, 2016 12:00am
Ballot for subsidised agriculture machinery today
Cotton

Ballot for subsidised agriculture machinery today

Balloting, for provision of latest agricultural implements on subsidised rates under a two year programme worth over Rs 1.16 billion, will be held today (Thursday) at union council level in each district of Punjab. The provincial government is providing a
Published 08 Sep, 2016 12:00am
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