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Print - 2016-09-24
German unemployment seen dropping further in 2017

German unemployment seen dropping further in 2017

German unemployment, which has been falling for nearly 10 years, is expected to drop further in 2017, despite the influx of nearly a million migrants last year, the research arm of Germany's Federal Employment Agency said on Thursday. The agency's Institu
Published 24 Sep, 2016 12:00am
Regulators expect Monte dei Paschi to ask Italy for help

Regulators expect Monte dei Paschi to ask Italy for help

European regulators expect Italian bank Monte dei Paschi di Siena will have to turn to the government for support, three eurozone officials with knowledge of the matter said, although Rome would strongly resist such a move if bondholders suffered losses.
Published 24 Sep, 2016 12:00am
Commerzbank mulls cutting 5,000 jobs

Commerzbank mulls cutting 5,000 jobs

Germany's second-largest lender Commerzbank is considering slashing around 5,000 jobs as part of a massive overhaul to halt a slide in profits, media reports said Friday. The cuts would amount to about 10 percent of the bank's workforce, the Wall Street J
Published 24 Sep, 2016 12:00am
IMF pushes for more Greek debt relief

IMF pushes for more Greek debt relief

The International Monetary Fund on Friday called on the European Union to grant Greece additional debt relief and soften its demands for budgetary efforts. Even if Athens fully respects a prescribed programme of austerity and reforms, the IMF said in an a
Published 24 Sep, 2016 12:00am
EU looks beyond Obama to clinch free trade deal

EU looks beyond Obama to clinch free trade deal

A last-gasp push to seal a landmark free trade deal between the European Union and the United States before the end of Barack Obama's presidency has failed, EU ministers agreed on Friday. "It is not realistic to reach the final agreement by the end of the
Published 24 Sep, 2016 12:00am
Fed plans tighter rules on bank commodity activities

Fed plans tighter rules on bank commodity activities

The US Federal Reserve on Friday proposed new regulations that would restrict banks' trading and investments in physical commodities in an effort to limit environmental and other risks to financial stability. US regulators have pointed to the 2010 Deepwat
Published 24 Sep, 2016 12:00am
UK's Petrofac to resume gas plant work in Tunisia

UK's Petrofac to resume gas plant work in Tunisia

Tunisia announced Friday that British energy firm Petrofac is to resume operations at a gas plant in the country after a labour dispute was resolved that had halted work for months. "We have signed an accord with Petrofac... following negotiations that la
Published 24 Sep, 2016 12:00am
Japan must not rely solely on BoJ to revive economy: Finance Minister

Japan must not rely solely on BoJ to revive economy: Finance Minister

Japan's government must not rely solely on the Bank of Japan to boost economic growth and defeat deflation, following the central bank's decision to reboot its monetary policy framework, Finance Minister Taro Aso said on Friday. The BoJ on Wednesday shift
Published 24 Sep, 2016 12:00am
French growth goes negative in Q2

French growth goes negative in Q2

French growth suffered a downward revision on Friday, just days before the government puts together its final budget ahead of presidential elections next year. France's economy contracted by 0.1 percent in the second quarter, the Insee statistics agency s
Published 24 Sep, 2016 12:00am
Eurozone business growth near two-year low: PMI
Currency

Eurozone business growth near two-year low: PMI

Eurozone business activity expanded at its weakest rate since the start of 2015 this month as growth paths diverged but firms stopped cutting prices for the first time in a year, surveys showed on Friday. Markit's composite survey showed a big split betwe
Published 24 Sep, 2016 12:00am
Global FX code set to be mandatory for UK traders
Currency

Global FX code set to be mandatory for UK traders

Britain will effectively make adherence to the new global code of conduct for currency markets mandatory by linking it to an existing plan for senior managers to be legally responsible for employees' conduct, banking sector sources said on Friday. A Bank
Published 24 Sep, 2016 12:00am
Germany's TUIfly denies plans for takeover by EasyJet

Germany's TUIfly denies plans for takeover by EasyJet

German carrier TUIfly on Friday sent a letter to its employees denying any plans for a takeover by EasyJet, hours after a board member said talks were ongoing about a possible sale to the British airline. "A cooperation with EasyJet or its participation i
Published 24 Sep, 2016 12:00am
French 'rogue trader' Kerviel must pay 1.0 million euros to bank

French 'rogue trader' Kerviel must pay 1.0 million euros to bank

A French appeals court on Friday ordered "rogue trader" Jerome Kerviel to pay a million euros to Societe Generale over the nearly five billion euros he squandered through his reckless risk-taking. But the court in Versailles, outside Paris, laid the lion'
Published 24 Sep, 2016 12:00am
TSX rises

TSX rises

Shares of energy and financial companies led a broad rally on Canada's main stock index on Thursday as oil prices rose and investors digested the US Federal Reserve's more cautious approach to future rate hikes. The Toronto Stock Exchange's S&P/TSX compos
Published 24 Sep, 2016 12:00am
German Bund yields on track for biggest weekly fall since July

German Bund yields on track for biggest weekly fall since July

Germany's 10-year bond yield, the benchmark for euro zone borrowing costs, was on track for its biggest weekly fall since late July on Friday, after a week in which major central banks kept their stimulus taps running. Though euro zone bond yields edged h
Published 24 Sep, 2016 12:00am
German Bund yields on track for biggest weekly fall since July

German Bund yields on track for biggest weekly fall since July

Germany's 10-year bond yield, the benchmark for euro zone borrowing costs, was on track for its biggest weekly fall since late July on Friday, after a week in which major central banks kept their stimulus taps running. Though euro zone bond yields edged h
Published 24 Sep, 2016 12:00am
Tokyo stocks down on yen's surge
Currency

Tokyo stocks down on yen's surge

Tokyo shares fell Friday as a stronger yen hit the outlook for Japanese exporters' profits. The market took a breather following a public holiday Thursday and after global stocks rallied in response to the US and Japanese central banks' decisions to keep
Published 24 Sep, 2016 12:00am
Friday's early afternoon trade: stocks fall; Twitter jumps

Friday's early afternoon trade: stocks fall; Twitter jumps

Wall Street was lower in early afternoon trading on Friday as investors assess valuations after a three-day rally spurred by optimism that the Federal Reserve will hold off from raising interest rates in the near term. Some analysts have been questioning
Published 24 Sep, 2016 12:00am
Wall Street extends Fed-fuelled rally; Nasdaq hits new high

Wall Street extends Fed-fuelled rally; Nasdaq hits new high

US stocks climbed on Thursday, with big tech names leading broad gains, building on strength from a day earlier that was fuelled by the Federal Reserve's decision to stand pat on interest rates. The S&P 500 tallied its best two-day performance in more tha
Published 24 Sep, 2016 12:00am
Hong Kong stocks fall

Hong Kong stocks fall

Hong Kong stocks fell on Friday, dragged lower by financial shares and hit by a plunge in Chinese money inflows, after investors took profits from the previous day's jump triggered by the Federal Reserve's approach on raising US rates. The Hang Seng index
Published 24 Sep, 2016 12:00am
Bets on slow Fed rate hikes push down US yields

Bets on slow Fed rate hikes push down US yields

US Treasury yields fell on Thursday with benchmark yields hitting near two-week lows on revived bets the Federal Reserve would raise interest rates only slowly due to weak economic growth and inflation stuck below its 2-percent goal. The US central bank o
Published 24 Sep, 2016 12:00am
Bets on slow Fed rate hikes push down US yields

Bets on slow Fed rate hikes push down US yields

US Treasury yields fell on Thursday with benchmark yields hitting near two-week lows on revived bets the Federal Reserve would raise interest rates only slowly due to weak economic growth and inflation stuck below its 2-percent goal. The US central bank o
Published 24 Sep, 2016 12:00am
China stocks slip

China stocks slip

China stocks slipped in quiet trading on Friday, led down by property shares hit by profit-taking after their significant gains the previous day. The bluechip CSI300 index fell 0.5 percent, to 3,275.67, while the Shanghai Composite Index lost 0.3 percent
Published 24 Sep, 2016 12:00am
Indian shares flat

Indian shares flat

Indian shares traded flat on Friday, taking a pause after the US Federal Reserve's decision to stand pat on interest rates sparked a rally in the previous session, but indexes were still headed for a weekly gain. The Fed decision is sparking hopes of addi
Published 24 Sep, 2016 12:00am
European shares retreat after Fed-inspired rally; Lundbeck slumps

European shares retreat after Fed-inspired rally; Lundbeck slumps

European shares ended weaker on Friday, pulling back from two-week highs in the previous session after the Federal Reserve signalled an increasingly cautious approach to future rate hikes, with banks leading sectoral fallers. The pan-European STOXX 600 in
Published 24 Sep, 2016 12:00am
Australian shares rise; New Zealand down

Australian shares rise; New Zealand down

Australian shares ended higher for a fourth straight session on Friday, posting their biggest weekly gain in 2 months, as the US Federal Reserve's signal to go easy on rate increases next year and in 2018 buoyed investors. The S&P/ASX 200 index ended 1.1
Published 24 Sep, 2016 12:00am
Most Southeast Asian stocks recover, post weekly gains

Most Southeast Asian stocks recover, post weekly gains

Most Southeast Asian stock markets recovered from early falls on Friday but ended the week in positive territory, on gains in previous sessions after the Federal Reserve stood pat on rates and the Bank of Japan revamped its policy earlier this week. The m
Published 24 Sep, 2016 12:00am
FTSE 100 records best week in three months

FTSE 100 records best week in three months

Britain's top share index completed its best week in almost three months on Friday, holding on to recent gains as a rally in housebuilders on the back of some positive broker comments offset weaker banks. Persimmon rose 2.3 percent after Liberum upgraded
Published 24 Sep, 2016 12:00am
Dollar gains in Asia
Currency

Dollar gains in Asia

The dollar gained in Asian trading on Friday but was on track to end a tumultuous week with losses after the Federal Reserve trimmed its long-term interest rate expectations and the Bank of Japan rebooted its monetary policy framework. The dollar was up 0
Published 24 Sep, 2016 12:00am
Dollar index tad lower in Europe
Currency

Dollar index tad lower in Europe

The dollar index was a tad lower on Friday, and on track for its worst week for a month after the Federal Reserve trimmed its long-term rate expectations and the Bank of Japan retooled its monetary policy framework. In Europe, data showed eurozone busines
Published 24 Sep, 2016 12:00am
Early trade in New York: dollar index edges higher

Early trade in New York: dollar index edges higher

The dollar index edged higher on Friday, reversing earlier selling, after Boston Federal Reserve President Eric Rosengren said he believed US short-term interest rates should be raised now and warned a decline in the jobless rate below sustainable levels
Published 24 Sep, 2016 12:00am
Dollar falls broadly in New York

Dollar falls broadly in New York

The dollar fell to its lowest level in 10 days against a basket of major currencies on Thursday, a day after the Federal Reserve cut its longer-term interest rate expectations. The US central bank's policy-setting committee left its target rate for overni
Published 24 Sep, 2016 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee ended slightly firmer on Friday, recovering from early losses as exporter dollar sales late in the day and inward remittances surpassed dollar demand for equity-related capital outflows in early trade, dealers said. Rupee forwards wer
Published 24 Sep, 2016 12:00am
Yen's retreat cuts Fed-rooted weekly Asia FX gains
Currency

Yen's retreat cuts Fed-rooted weekly Asia FX gains

Most emerging Asian currencies fell on Friday, tracking the yen's weakness, to pare some of their weekly gains stemming from the US Federal Reserve's stance of gradual interest rate hikes. The Philippine peso slid to 47.99 per dollar, its weakest since Ja
Published 24 Sep, 2016 12:00am
Brexit worries knock sterling to five-week low
Currency

Brexit worries knock sterling to five-week low

Sterling skidded over 1 percent to hit a five-week low close to $1.29 on Friday after three straight weeks of losses, as worries over Britain's exit from the European Union kept pressure on the currency. The pound had jumped back over $1.31 on Thursday, a
Published 24 Sep, 2016 12:00am
Aussie pauses, kiwi falls

Aussie pauses, kiwi falls

The Australian dollar paused on Friday after a four-day rally but is set for its best weekly performance in two months. The Australian dollar held at $0.7636, coming off an over two-week high hit on Thursday when it rose 0.3 percent. The Aussie got a boos
Published 24 Sep, 2016 12:00am
Badminton: Lee cruises to Japan Open semi-final

Badminton: Lee cruises to Japan Open semi-final

Malaysian badminton king Lee Chong Wei brushed off challenges from fast-rising Chinese rival Shi Yuqi Friday at the Yonex Open Japan, advancing to the semi-finals as he seeks to regain the title. Lee, silver medallist in the last three Olympics, took just
Published 24 Sep, 2016 12:00am
Schools Women Cricket Championship from tomorrow

Schools Women Cricket Championship from tomorrow

Pakistan Cricket Board (PCB) Women Wing is organising its Second National Schools Women Cricket Championship which is scheduled to be held from September 25, 2016 to October 4, 2016 in Lahore and Muridke. The matches will be 20-over side and 12 regional t
Published 24 Sep, 2016 12:00am
Serena Williams pulls out of China tournaments

Serena Williams pulls out of China tournaments

Serena Williams announced Friday that she has pulled out of two forthcoming tournaments in China citing an ongoing shoulder injury. "I am disappointed that I will not be able to compete at the Dongfeng Motor Wuhan Open or the China Open due to continuing
Published 24 Sep, 2016 12:00am
Nimrah wins KP Junior Age Group Squash title

Nimrah wins KP Junior Age Group Squash title

Second seed Nimrah Aqeel upset top seeded Laiba Ijaz in the final of the Khyber Pakhtunkhwa Junior Under-15 Age Group Squash Championship played here at PAF Hashim Khan Squash Complex Friday. The final was started on slow note and both Nimrah and Laiba Ij
Published 24 Sep, 2016 12:00am
PHF devises comprehensive plan to revive beleaguered hockey

PHF devises comprehensive plan to revive beleaguered hockey

Pakistan Hockey Federation (PHF) has devised a comprehensive plan under Vision 2020 to revive and rejuvenate hockey in the country. This was stated by former Olympian Naveed Alam while talking to media here on Friday. Naveed Alam, Director Development and
Published 24 Sep, 2016 12:00am
Osaka gate-crashes Tokyo semis as Muguruza flops

Osaka gate-crashes Tokyo semis as Muguruza flops

Japan's Naomi Osaka produced another explosive performance to beat Belarusian Aliaksandra Sasnovich and reach the Pan Pacific Open semi-finals on Friday. Osaka, born of a Japanese mother and a Haitian father, will face Ukraine's Elina Svitolina in the las
Published 24 Sep, 2016 12:00am
Middlesex win Championship to deny Gillespie title send-off

Middlesex win Championship to deny Gillespie title send-off

Toby Roland-Jones finished with a hat-trick as Middlesex won the County Championship with a 61-run victory at Lord's that denied Australia's Jason Gillespie a fairytale finish as Yorkshire coach. Yorkshire were bowled out for 178 in pursuit of a target of
Published 24 Sep, 2016 12:00am
Qatar fire coach with 2018 hopes in balance

Qatar fire coach with 2018 hopes in balance

Ambitious World Cup 2022 hosts Qatar have sacked coach Jose Daniel Carreno just a fortnight ahead of a crucial 2018 qualifier in South Korea and after successive defeats.
Published 24 Sep, 2016 12:00am
Williamson leads New Zealand reply on rain-hit day

Williamson leads New Zealand reply on rain-hit day

Skipper Kane Williamson led from the front Friday as New Zealand replied strongly with 152 for one against India on a rain-hit second day of the first Test in Kanpur. Williamson, who came to the crease after the early wicket of Martin Guptill, put on a 11
Published 24 Sep, 2016 12:00am
Trott reveals 'admiration' for nemesis Johnson

Trott reveals 'admiration' for nemesis Johnson

Jonathan Trott said Friday he felt no resentment and revealed he even admired Mitchell Johnson, the Australian fast bowler and nemesis who played a defining role in derailing his England career. Meanwhile former England captain Michael Vaughan called in l
Published 24 Sep, 2016 12:00am
ICC clears suspended Bangladesh bowling duo

ICC clears suspended Bangladesh bowling duo

Bangladesh speedster Taskin Ahmed and left-arm spinner Arafat Sunny were both cleared to resume bowling in international cricket Friday, six months after being suspended during the World Twenty20 for illegal actions. The International Cricket Council (ICC
Published 24 Sep, 2016 12:00am
Gulen says will return to Turkey if US backs extradition

Gulen says will return to Turkey if US backs extradition

US-based preacher Fethullah Gulen is ready to return to Turkey if Washington approves Ankara's request for his extradition over the failed July coup, he told German broadcaster ZDF on Friday. Turkish President Recep Tayyip Erdogan has accused Gulen of ord
Published 24 Sep, 2016 12:00am
Turkey arrests top journalist day after release

Turkey arrests top journalist day after release

A Turkish court on Friday put a prominent journalist under arrest just a day after he was released over accusations related to the failed July coup, in a case that has sparked global concern. Journalist and writer Ahmet Altan was detained late on Thursday
Published 24 Sep, 2016 12:00am
Indian court clears pair over UK schoolgirl killing

Indian court clears pair over UK schoolgirl killing

Two Indian men were cleared Friday of the rape and homicide of 15-year-old British schoolgirl Scarlett Keeling whose bruised and semi-naked body was found on a Goa beach eight years ago. Friends and relatives of the two accused, Samson D'Souza and Placido
Published 24 Sep, 2016 12:00am
Angry Taiwan blames China for UN aviation meet snub

Angry Taiwan blames China for UN aviation meet snub

Taiwan said Friday China had blocked it from attending a major United Nations aviation meeting, the latest setback to its troubled campaign for international recognition. Beijing hit back at the criticism, saying the island had "no right" to be invited. S
Published 24 Sep, 2016 12:00am
Eight Russian firefighters killed in Moscow blaze

Eight Russian firefighters killed in Moscow blaze

Eight Russian firefighters were killed as they battled a blaze at a warehouse in eastern Moscow, authorities said Friday, in the latest deadly fire to hit the capital. Their bodies were discovered after contact was lost as they fought to extinguish a huge
Published 24 Sep, 2016 12:00am
Smoking Samsung phone sparks alert on Indian flight

Smoking Samsung phone sparks alert on Indian flight

A smoking Samsung phone sparked alarm on an Indian flight on Friday, the airline said, weeks after the manufacturer recalled 2.5-million units of its latest model when batteries began catching fire while charging. Airline IndiGo said it had dealt with an
Published 24 Sep, 2016 12:00am
UN trims nuclear power growth forecasts

UN trims nuclear power growth forecasts

The UN atomic agency predicted Friday continued growth in nuclear power in the coming 15 years but trimmed its projections because of low fossil fuel prices and competition from renewables. "Nuclear energy, in the long run, will continue to play an import
Published 24 Sep, 2016 12:00am
Putin shifts key Kremlin official to parliament speaker

Putin shifts key Kremlin official to parliament speaker

Russian President Vladimir Putin on Friday bumped a key Kremlin official who oversaw a crushing victory for the ruling party at polls last week to parliament speaker, as he continued to shuffle top posts. Putin nominated Vyacheslav Volodin, the reputed ma
Published 24 Sep, 2016 12:00am
Russia jails space engineer for treason

Russia jails space engineer for treason

Russia has sentenced an elderly decorated space engineer and university instructor to seven years in prison for state treason, an official said Friday. Vladimir Lapygin was sentenced to seven years on charges of state treason, a spokesman for Moscow City
Published 24 Sep, 2016 12:00am
Morocco asks to rejoin African Union after 32 years

Morocco asks to rejoin African Union after 32 years

Morocco on Friday made an official request to return to the African Union, 32 years after quitting the bloc in protest at its decision to accept Western Sahara as a member. "The Kingdom of Morocco has officially submitted a request to accede to the Africa
Published 24 Sep, 2016 12:00am
Rouhani uses UN to hit US over nuclear deal

Rouhani uses UN to hit US over nuclear deal

Iran used the UN General Assembly on Thursday to accuse the United States of failing to meet its commitments under a historic nuclear deal. President Hassan Rouhani complained that America is dragging its feet on its side of the bargain. "The lack of comp
Published 24 Sep, 2016 12:00am
At least 133 bodies recovered from Egypt migrant shipwreck

At least 133 bodies recovered from Egypt migrant shipwreck

The death toll from a migrant boat disaster off Egypt's coast climbed to 133 on Friday as rescuers recovered more bodies from the Mediterranean. Survivors have said up to 450 migrants were on board the overcrowded fishing vessel that was heading to Italy
Published 24 Sep, 2016 12:00am
Japanese PM seeks Cuba's help amid North Korea nuclear 'provocations'

Japanese PM seeks Cuba's help amid North Korea nuclear 'provocations'

Japanese Prime Minister Shinzo Abe concluded a visit to Cuba Friday with condemnation of North Korea's nuclear "provocations" and a request for help from Pyongyang's ally Havana to pursue a "world without nuclear weapons." Abe, the first Japanese premier
Published 24 Sep, 2016 12:00am
'Budgetary outcome in 2015-16': MoF's response
Currency

'Budgetary outcome in 2015-16': MoF's response

An article by Dr Hafiz A Pasha on the subject has been published Business Recorder dated 19.09.2016. Although the author has acknowledged the positive developments, ie, high growth in tax revenue receipts both by FBR and provincial governments, wel
Published 24 Sep, 2016 12:00am
SECP holds financial awareness seminar

SECP holds financial awareness seminar

The Securities and Exchange Commission of Pakistan under its initiative of educating the current and potential investors, organized a seminar for the trainees and employees of A.F. Ferguson and Company at the ICAP House in Karachi. Khalida Habib, Director
Published 24 Sep, 2016 12:00am
Illegal appointments: Supreme Court seeks report from NAB

Illegal appointments: Supreme Court seeks report from NAB

The Supreme Court Friday sought a comprehensive report from top anti-graft body in response to an anonymous letter which allegedly pointed out illegalities, contraventions, violations in appointments and promotions of officers within the National Accounta
Published 24 Sep, 2016 12:00am
Chinese team visits PARC Headquarters

Chinese team visits PARC Headquarters

A Chinese delegation has visited Pakistan Agricultural Research Council (PARC) Headquarters Islamabad on Thursday and held meeting with Chairman PARC, Dr Nadeem Amjad, for Pak-China Collaboration in Seed Sector. On this occasion Chairman PARC acknowledged
Published 24 Sep, 2016 12:00am
ECP directs MPs to submit assets' details by September 30

ECP directs MPs to submit assets' details by September 30

The Election Commission of Pakistan (ECP) has directed the parliamentarians to submit detail of annual statement of assets and liabilities of their own, spouses and dependents for the year 2015-16 by September 30. The spokesman of ECP said in a statement
Published 24 Sep, 2016 12:00am
Cross-border attack from Afghanistan foiled

Cross-border attack from Afghanistan foiled

Pakistan armed forces foiled cross-border militant attack on different FC check post in Shake Baba of Muhmand Agency and Nawapass sector of Bajore Agency on Friday. According to media reports, militants from Afghanistan launched an attack in the Pakistani
Published 24 Sep, 2016 12:00am
FWO unilaterally increases toll tax despite NHA's opposition

FWO unilaterally increases toll tax despite NHA's opposition

Frontier Works Organization (FWO) has unilaterally made an exorbitant increase in toll tax on Motorway, despite the reservations and opposition of National Highway Authority (NHA). This was revealed by Chairman NHA Shahid Ashraf Tarar while briefing the S
Published 24 Sep, 2016 12:00am
Pakistan-Bahrain Business Opportunities Conference on September 25

Pakistan-Bahrain Business Opportunities Conference on September 25

The first and the largest Pakistan Bahrain Business Opportunities Conference being organized by Pakistan Embassy in the Kingdom of Bahrain will be co-chaired by Pakistani and Bahraini Commerce Ministers and a large number of businessmen and investors from
Published 24 Sep, 2016 12:00am
Shield Corporation earns Rs 46.843 million profit after tax

Shield Corporation earns Rs 46.843 million profit after tax

The profit after tax of Shield Corporation Limited stood at Rs 46.843 million in the year ended June 30, 2016 as compared to Rs 47.649 million earned in the same period in previous year. The company's earning per share stood at Rs 12.01 against Rs 12.22.
Published 24 Sep, 2016 12:00am
Shield Corporation earns Rs 46.843 million profit after tax

Shield Corporation earns Rs 46.843 million profit after tax

The profit after tax of Shield Corporation Limited stood at Rs 46.843 million in the year ended June 30, 2016 as compared to Rs 47.649 million earned in the same period in previous year. The company's earning per share stood at Rs 12.01 against Rs 12.22.
Published 24 Sep, 2016 12:00am
Pakistan-Turkey FTA to be finalised in December: Murat Mustu

Pakistan-Turkey FTA to be finalised in December: Murat Mustu

Commercial Attaché of Turkish Consulate, Murat Mustu has said that negotiations for Free Trade Agreement (FTA) between Pakistan and Turkey are planned to be finalised by December 2016 which will be followed by signing of FTA between the two brotherly coun
Published 24 Sep, 2016 12:00am
PPP Sindh coordination body members meet Bilawal

PPP Sindh coordination body members meet Bilawal

Members of the Co-ordination Committee of Pakistan People's Party Sindh called on Chairman Bilawal Bhutto Zardari and submitted report about the reorganisation of the Party from districts to provincial level along with recommendations for the new office-b
Published 24 Sep, 2016 12:00am
KATI, PSMA office-bearers elected for 2016-17

KATI, PSMA office-bearers elected for 2016-17

Masood Naqi, Muhammad Ghazanfar Ali Khan and Umer Rehan have been elected unopposed as President, Senior Vice President, and Vice President of Korangi Association of Trade & Industry, respectively, for 2016-17. Nighat Awan and Feroza Khatoon have also bee
Published 24 Sep, 2016 12:00am
43 vehicles impounded: drive against tax evaders in full swing

43 vehicles impounded: drive against tax evaders in full swing

The drive against tax evaders of motor vehicle tax is in full swing as the Sindh Excise and Taxation (E&T) department, out of 5,285 vehicles checked during last three days, impounded 43 vehicles over tax default. The E&T department on the directives of th
Published 24 Sep, 2016 12:00am
MQM founder not in right state of mind: Khursheed Shah

MQM founder not in right state of mind: Khursheed Shah

Opposition leader in the National Assembly Syed Khursheed Shah on Friday said Muttahida Qaumi Movement's (MQM) claims of patriotism should be believed. Khursheed Shah said that MQM has claimed time and again it is patriotic and this should convince the pu
Published 24 Sep, 2016 12:00am
REAP to hold 'Biryani Festival' in Indonesia

REAP to hold 'Biryani Festival' in Indonesia

A high profile delegation of Rice Exporters Association of Pakistan (REAP) will visit Indonesia to market Pakistani rice. REAP has also planned a grand Biryani Festival in Indonesia, in which different rice dishes will be made with Pakistani rice for the
Published 24 Sep, 2016 12:00am
Hajj, Umrah fee to soar from 1st Muharram

Hajj, Umrah fee to soar from 1st Muharram

Saudi government has announced revision of visa fee soaring it from 500 riyals to 2000 riyals making Hajj and Umrah more expensive for Muslims around the world. Increased fee will be received from October 2, 2016 (1st Muharram). According to the order of
Published 24 Sep, 2016 12:00am
PQFTL gets 'A' rating from PACRA for its IFS

PQFTL gets 'A' rating from PACRA for its IFS

Pak-Qatar Family Takaful Limited (PQFTL), a pioneering Takaful company in Pakistan, has recently received rating of "A" (Single A) with Stable Outlook for its 'Insurer Financial Strength' (IFS) from the Pakistan Credit Rating Agency (PACRA). The profitabi
Published 24 Sep, 2016 12:00am
PQFTL gets 'A' rating from PACRA for its IFS

PQFTL gets 'A' rating from PACRA for its IFS

Pak-Qatar Family Takaful Limited (PQFTL), a pioneering Takaful company in Pakistan, has recently received rating of "A" (Single A) with Stable Outlook for its 'Insurer Financial Strength' (IFS) from the Pakistan Credit Rating Agency (PACRA). The profitabi
Published 24 Sep, 2016 12:00am
Senate body questions Rangers over 6,000 arrests

Senate body questions Rangers over 6,000 arrests

The Senate's Functional Committee on Human Rights on Friday asked Sindh Rangers to clarify the reason behind arrest of 6,000 persons in Karachi. Meeting of the Senate's Functional Committee on Human Rights was chaired by Senator Nasreen Jalil. During the
Published 24 Sep, 2016 12:00am
Ebad inaugurates Urs of Abdullah Shah Ghazi

Ebad inaugurates Urs of Abdullah Shah Ghazi

Governor Sindh Dr Ishratul Ebad Khan on Friday inaugurated the three-day celebrations of the 1,286th Urs of Abdullah Shah Ghazi. He laid a floral wreath, offered Fateha and prayed for the progress and development of the country. Adviser to the Sindh Chief
Published 24 Sep, 2016 12:00am
Appointment of Sheikh creates new challenges for CDA

Appointment of Sheikh creates new challenges for CDA

The sudden appointment of Mayor of Islamabad Sheikh Ansar Aziz as Chairman Capital Development Authority (CDA) has created new challenges for the civic agency with respect to new appointments and reshufflings. After assuming the charge on September 7, She
Published 24 Sep, 2016 12:00am
Tribesman injured in Landi Kotal bomb blast

Tribesman injured in Landi Kotal bomb blast

A local tribesman was injured in Improvised Explosive Device (IED), planted by unknown persons at road side, in Ashraf Khel area of tehsil Landi Kotal, tribal Khyber Agency on Friday. The political administration official while confirming the incident sai
Published 24 Sep, 2016 12:00am
CPEC a flagship project of 'One Belt, One Road': Mushahid

CPEC a flagship project of 'One Belt, One Road': Mushahid

Chairman of the Parliamentary Committee on China-Pakistan Economic Corridor (CPEC), Senator Mushahid Hussain has said that the CPEC is the flagship project of the "One Belt, One Road" and this symbolises the resurgence of new Asia based on cooperation, co
Published 24 Sep, 2016 12:00am
Nursing university to be established in Islamabad

Nursing university to be established in Islamabad

Parliamentary Body on Health Services, Regulations and Co-ordination was informed Friday that Pakistan's first nursing university will be established in Islamabad with the collaboration of Bahrain government and a strategic plan for Pakistan Nursing Counc
Published 24 Sep, 2016 12:00am
GIDC issue: Senate body directs stakeholders to suggest viable plan

GIDC issue: Senate body directs stakeholders to suggest viable plan

The Senate Special Committee to monitor the implementation of the Gas Infrastructure Development Cess (GIDC) Bill-2015 Friday directed all the stakeholders to come with a viable plan so that the matter can be settled as early as possible. The committee me
Published 24 Sep, 2016 12:00am
General Tyre reports significant rise in its annual sales

General Tyre reports significant rise in its annual sales

General Tyre has reported a significant rise in its annual sales, crossing the Rs 10 billion figure for the first time. According to the company's sales numbers for the year 2015 available here, its sales were up from Rs 8.607 billion for the year 2014 to
Published 24 Sep, 2016 12:00am
Workshop held in Textile University

Workshop held in Textile University

A two-day training workshop was arranged for faculty on "The Role of Faculty as a Nation Builder: Developing Nation Builders and Entrepreneurs for the Future", in collaboration with IBA CED Karachi, for the development of Human Resource for facing global
Published 24 Sep, 2016 12:00am
50 megawatts wind power plant to be ready by month-end

50 megawatts wind power plant to be ready by month-end

The present government's tireless efforts to overcome electricity shortages are bearing fruit with gradual increase in power generation, and alternative sources of energy such as wind power that was also contributing to address power shortage. The governm
Published 24 Sep, 2016 12:00am
Fazl advises Afghan Taliban to come to dialogue table

Fazl advises Afghan Taliban to come to dialogue table

Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman on Friday advised Afghan Taliban to come to dialogue table, saying that it would have been better had Gulbuddin Hekmatyar taken Taliban into confidence before striking a peace deal with the Afg
Published 24 Sep, 2016 12:00am
Foton Group China hails government's pro-investment policies

Foton Group China hails government's pro-investment policies

Foton Group of China appreciating the pro-investment policies of the government and showed keen interest in investing in manufacturing a range of automobiles in Pakistan. A delegation from Foton Group, China called on the Finance Minister Senator Muhammad
Published 24 Sep, 2016 12:00am
Malik urges Obama to veto anti-Pakistan bills

Malik urges Obama to veto anti-Pakistan bills

Senator A Rehman Malik has appealed to US President Obama to veto the anti-Pakistan bills that were tabled by pro-Indian members of House of Representatives in the US Congress. "Both Ted Poe and Dana Rohrabacher are working for India under the Indian-paid
Published 24 Sep, 2016 12:00am
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