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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-11-26
BRIDGE NOTES: Foresight to defend

BRIDGE NOTES: Foresight to defend

There are many hands in Bridge that keep coming as routine and are easily written off as of no consequence. But when an ordinary routine hand is turned into a flash buckling defense, it makes blazing headlines as did this hand from a Bermuda Bowl Champion
Published 26 Nov, 2016 12:00am
Honoree Marc Anthony brings Latin Grammys to feet

Honoree Marc Anthony brings Latin Grammys to feet

Marc Anthony, who decided at age seven to be a singer and has gone on to sell 12 million records, was honored last Wednesday at the Latin Grammys - and celebrated by bringing the crowd to its feet. The Latin Grammys named the 48-year-old salsa singer its
Published 26 Nov, 2016 12:00am
Monroe's 'Happy Birthday Mr President' gown sold for $4.8 million

Monroe's 'Happy Birthday Mr President' gown sold for $4.8 million

The figure-hugging gown Marilyn Monroe wore to serenade President John F. Kennedy for his 45th birthday smashed its guide price to sell for $4.8 million at auction last Thursday. The flesh-colored dress, adorned with 2,500 hand-stitched crystals, had been
Published 26 Nov, 2016 12:00am
Prints and permits: graphics help bring Rowling's magical world to life

Prints and permits: graphics help bring Rowling's magical world to life

On a table in a London studio, copies of "The New York Ghost" newspaper lie beside a pile of applications for wand permits. Nearby a "Witch's Friend" magazine teases winter fashion trends. The items by graphic designers Miraphora Mina and Eduardo Lima are
Published 26 Nov, 2016 12:00am
Villains and heroes: How 'Fantastic Beasts' mines 'Potter' world

Villains and heroes: How 'Fantastic Beasts' mines 'Potter' world

Confused about how new movie "Fantastic Beasts and Where to Find Them," out last Friday, may connect to the Harry Potter world? Who is new wizard hero Newt Scamander? Why does Grindelwald sound familiar? You can find many answers in your Hogwarts books, a
Published 26 Nov, 2016 12:00am
Singapore unveils self-driving scooter, ideal for phone-obsessed walkers

Singapore unveils self-driving scooter, ideal for phone-obsessed walkers

Researchers in Singapore have come up with a solution to curb accidents involving phone-obsessed walkers, a self-driving mobility scooter that drives single pedestrians along footpaths. The one-seater, four wheel, 50 kg (110 lbs) vehicle travels at a top
Published 26 Nov, 2016 12:00am
The art of becoming Santa

The art of becoming Santa

Randy Schneider has considered himself a professional Santa since 1999 when he found himself at a JCPenney store buying a beard and boots. Now, Schneider, 66, has a beard of his own. At the Charles W. Howard Santa Claus School in Midland, Michigan, some t
Published 26 Nov, 2016 12:00am
Supermoon - the largest, brightest full moon in nearly seven decades

Supermoon - the largest, brightest full moon in nearly seven decades

From Beijing to Berlin, star gazers around the world admired the supermoon - the largest, brightest full moon in nearly seven decades - as it made its way across the skies on last Sunday and last Monday. In Australia, some sky-watchers climbed to the top
Published 26 Nov, 2016 12:00am
What we know about the disputed Van Gogh 'notebook'

What we know about the disputed Van Gogh 'notebook'

The Van Gogh Museum in Amsterdam and two renowned experts on the Dutch artist are at loggerheads over whether a "lost" sketchbook from his legendary stay in the French city of Arles is genuine. We examine the key facts behind the controversy:
Published 26 Nov, 2016 12:00am
Almost half the world will be online by end of 2016

Almost half the world will be online by end of 2016

By the end of 2016, almost half of the world's population will be using the internet as mobile networks grow and prices fall, but their numbers will remain concentrated in the developed world, a United Nations agency said on Tuesday.
Published 26 Nov, 2016 12:00am
Dr Akbar Naqvi's passion for art

Dr Akbar Naqvi's passion for art

Eminent art historian Dr Akbar Naqvi is no more among us. He passed away on 20th November at age 85. My last conversation with Dr Akbar Naqvi was in June at his book "Sense and Insanity" launching ceremony. Although he was a PhD in English literature, yet
Published 26 Nov, 2016 12:00am
ART FACTS: Sensations and ideas

ART FACTS: Sensations and ideas

Sensations and ideas fused together in a group show titled "Signature II" at Studio Seven Gallery, Karachi. The finest artworks of 20 eminent artists from all over Pakistan delighted the viewers by providing almost every flavour of the painting genre art
Published 26 Nov, 2016 12:00am
Most child deaths concentrated in 10 Asian, African nations

Most child deaths concentrated in 10 Asian, African nations

Sixty percent of the world's 5.9 million children who died before their fifth birthday last year were in 10 countries in Asia and Africa, said a study published last Friday, prompting calls for action to reduce the mortality. The study published in The La
Published 26 Nov, 2016 12:00am
Scientists fear the worst under a Trump presidency

Scientists fear the worst under a Trump presidency

From the fight against climate change to dwindling budgets for research, the US scientific community fears the worst under Donald Trump, seen by many as the most hostile to science of any American president in history.
Published 26 Nov, 2016 12:00am
Karachi Chornicle: City of teeming millions!

Karachi Chornicle: City of teeming millions!

The typical spirit and character of this city was once defined by the fact it was cosmopolitan. It belonged to all who lived here whether they had come here from other parts of the country in search of work, or were permanent settlers. Everyone mattered i
Published 26 Nov, 2016 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,006. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 3.05 billion and the number of lots traded was 11,393. Major business was contributed by go
Published 26 Nov, 2016 12:00am
CBOT wheat futures fall on technical selling

CBOT wheat futures fall on technical selling

Wheat futures on the Chicago Board of Trade fell on Wednesday on technical selling ahead of Thursday's US Thanksgiving holiday and a stronger dollar, which tends to make US grains less attractive to those holding other currencies. The dollar surged to its
Published 26 Nov, 2016 12:00am
US natural gas futures rise

US natural gas futures rise

US natural gas futures rose for the fourth straight session on Wednesday and touched its highest level in November as a weekly inventory report showed an unexpected withdrawal despite forecasts for warmer-than-usual weather over the next two weeks. The US
Published 26 Nov, 2016 12:00am
European wheat follows fall in US markets

European wheat follows fall in US markets

European wheat futures dropped on Wednesday, pressured by a fall in US markets in Chicago, but a fresh slide in the euro and technical support for spot prices helped limited losses. December milling wheat on the Paris-based Euronext exchange was down 0.50
Published 26 Nov, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 121,648 tonnes of cargo comprising 97,523 tonnes of import cargo and 24,125 tonnes of export cargo including 4,434 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 97,5
Published 26 Nov, 2016 12:00am
Light rain, sun strengthen Ivory Coast cocoa crop

Light rain, sun strengthen Ivory Coast cocoa crop

Light rain and hot weather in most of Ivory Coast's cocoa growing regions last week will strengthen the October to March main crop and help produce large, good quality beans through the beginning of next year, farmers said on Monday. The dry season has ju
Published 26 Nov, 2016 12:00am
Market underestimates Canada rate cut risk amid NAFTA uncertainty

Market underestimates Canada rate cut risk amid NAFTA uncertainty

The market is too complacent about the prospect of further interest rate cuts from the Bank of Canada, some economists say, as an uncertain outlook for the NAFTA trade accord risks derailing an expected pick-up in Canada's business spending. The central b
Published 26 Nov, 2016 12:00am
Another Kenya Airways top exec steps down after pilot pressure

Another Kenya Airways top exec steps down after pilot pressure

Kenya Airways on Thursday announced the resignation of its chief executive officer, a move demanded by pilots complaining of mismanagement at the troubled airline. CEO Mbuvi Ngunze will step down in the first quarter of 2017. His resignation follows that
Published 26 Nov, 2016 12:00am
Chinese Coca-Cola workers strike over asset sale

Chinese Coca-Cola workers strike over asset sale

Coca-Cola workers in three Chinese cities have gone on strike after the US soft drinks giant announced it was selling its bottling interests in the country. Strikes and other labour protests have surged in recent years in China, where growth is slowing an
Published 26 Nov, 2016 12:00am
Monte dei Paschi cash call concerns persist despite approval

Monte dei Paschi cash call concerns persist despite approval

Doubts about whether Monte dei Paschi di Siena would find buyers for a 5 billion euro ($5.3 billion) recapitalisation plan drove shares in the Italian bank down more than 7 percent on Friday. Under the plan approved by shareholders of Italy's oldest bank,
Published 26 Nov, 2016 12:00am
China's Ctrip expands global reach with $1.74 billion deal

China's Ctrip expands global reach with $1.74 billion deal

Chinese travel giant Ctrip.com International Ltd has extended its global reach after it agreed to buy travel search website Skyscanner Holdings Ltd in a deal valuing the UK-based company at around 1.4 billion pounds ($1.74 billion). Ctrip, China's biggest
Published 26 Nov, 2016 12:00am
Mongolia surge helps lift China coal imports

Mongolia surge helps lift China coal imports

China's imports of coal from Mongolia more than tripled in October from the same month a year before, customs data showed, reflecting tight supply in the domestic market that stoked much bigger shipments from foreign producers to meet demand. Output from
Published 26 Nov, 2016 12:00am
Sudan arrests dozens in foreign exchange crackdown
Currency

Sudan arrests dozens in foreign exchange crackdown

Sudanese security agents have detained dozens of foreign exchange dealers for black market trading, as the authorities struggle to curb speculation against the pound, brokers said on Thursday. An acute shortage of hard currency has seen the gap between th
Published 26 Nov, 2016 12:00am
Fitch drops South Africa outlook to negative on political risks

Fitch drops South Africa outlook to negative on political risks

International credit rating firm Fitch dropped its outlook for South Africa from stable to negative on Friday, citing the country's recent political turmoil under President Jacob Zuma. Zuma has been engulfed by graft scandals and a power struggle with Fin
Published 26 Nov, 2016 12:00am
Top Kenyan official slapped with theft charges

Top Kenyan official slapped with theft charges

The deputy chairman of Kenya's Olympic committee was on Friday charged with stealing money and Nike sportswear intended for the team at the Rio Olympic Games. Bernard Ekumbo is the fourth official from the National Olympic Committee of Kenya (NOCK) to be
Published 26 Nov, 2016 12:00am
Lego opens first toy brick factory in China

Lego opens first toy brick factory in China

Lego's first Asian factory opened in China Friday, the company said, a year after the Danish firm found itself embroiled in controversy over refusing to sell toy bricks to provocative Chinese artist Ai Weiwei. Only the fifth Lego factory in the world, the
Published 26 Nov, 2016 12:00am
Singapore charges three with $5.6 billion market manipulation

Singapore charges three with $5.6 billion market manipulation

Three people whose alleged fraud wiped $5.6 billion off the Singapore stock exchange were charged Friday with manipulating the market. Malaysian John Soh Chee Wen and Singaporean Quah Su-Ling are accused of being the "masterminds" behind a plot that invol
Published 26 Nov, 2016 12:00am
Australian banks admit to Malaysia currency 'cartel', pay fines
Currency

Australian banks admit to Malaysia currency 'cartel', pay fines

Two Australian banks have offered to pay fines for "cartel conduct" when trading foreign exchange contracts for the Malaysian ringgit, in the latest controversy engulfing banks and their manipulation of foreign exchange rates. Australia's No 1 investment
Published 26 Nov, 2016 12:00am
Tata Steel removes Mistry as chairman
Currency

Tata Steel removes Mistry as chairman

India's Tata Steel removed Cyrus Mistry as chairman of its board Friday, as uncertainty grows over the fate of its huge loss-making British assets. The move comes after Mistry was unceremoniously sacked last month as chairman of Tata Sons, the holding com
Published 26 Nov, 2016 12:00am
Russia cements leading China oil supply position

Russia cements leading China oil supply position

Russia is cementing its position as the main oil supplier to China, the world's biggest net importer and growth market for the fuel, taking over the lead from Saudi Arabia in the first 10 months of the year, customs data showed on Friday. Russia also took
Published 26 Nov, 2016 12:00am
Italian lawmakers defy Brussels, back spending budget

Italian lawmakers defy Brussels, back spending budget

Italian deputies on Friday voted overwhelmingly in favour of a draft 2017 budget that the European Commission has warned will breach EU rules on the management of public finances. A vote of confidence designed to curtail debate on the first reading of the
Published 26 Nov, 2016 12:00am
UK firms show no Brexit vote hit in Q3 as investment grows

UK firms show no Brexit vote hit in Q3 as investment grows

British companies brushed off the uncertainty over Brexit in the three months after June's referendum and increased their investment, helping to drive solid growth in the economy, official data showed on Friday. Business investment expanded at a quarterly
Published 26 Nov, 2016 12:00am
US stores far from overwhelmed as Black Friday sales begin

US stores far from overwhelmed as Black Friday sales begin

Crowds were thin at US malls and stores on Black Friday morning, formerly the traditional start of the holiday shopping season, with stores opening earlier and online sales expected to take the biggest share of gains in retail sales over last year. In the
Published 26 Nov, 2016 12:00am
Dawn queues, traffic jams as Black Friday debuts in Greece

Dawn queues, traffic jams as Black Friday debuts in Greece

Long queues snaked outside department stores and roads were blocked near malls thousands of Greeks bucked falling wages and joblessness to join the country's first-ever Black Friday shopping craze. In Athens, Thessaloniki and other major Greek cities, the
Published 26 Nov, 2016 12:00am
Britons chase Black Friday bargains online

Britons chase Black Friday bargains online

British retailers reported strong online demand in early "Black Friday" trading, as shoppers chased deals in a spending spree that is expected to top last year's record level. Shoppers are looking for bargains ahead of an expected rise in prices in 2017 a
Published 26 Nov, 2016 12:00am
Short-dated German yield hits low in biggest two-week fall since 2013

Short-dated German yield hits low in biggest two-week fall since 2013

Germany's two-year government bond yield set a new record low to cap its biggest two-week fall in more than three years on Friday, highlighting demand for top-rated assets even as global bond markets take a beating. Demand for German debt for use as colla
Published 26 Nov, 2016 12:00am
Short-dated German yield hits low in biggest two-week fall since 2013

Short-dated German yield hits low in biggest two-week fall since 2013

Germany's two-year government bond yield set a new record low to cap its biggest two-week fall in more than three years on Friday, highlighting demand for top-rated assets even as global bond markets take a beating. Demand for German debt for use as colla
Published 26 Nov, 2016 12:00am
Taiwan stocks soar

Taiwan stocks soar

Taiwan stocks rose on Friday, tracking Asian stocks that were steady as the Thanksgiving break in the United States pegged the dollar's relentless surge that had sucked capital out of most emerging markets. As of 0152 GMT, the main TAIEX index rose 0.3 pe
Published 26 Nov, 2016 12:00am
India's NSE index rises
Currency

India's NSE index rises

India's NSE index rose about 2 percent on Friday as software services exporters such as Infosys Ltd and drug makers including Sun Pharma Ltd surged due to a weaker rupee. The broader NSE index rose 1.87 percent to 8,114.30, and advanced 0.5 percent for th
Published 26 Nov, 2016 12:00am
Tokyo stocks at 11-month high

Tokyo stocks at 11-month high

Tokyo's benchmark index closed at an 11-month high Friday, notching up the year's longest winning streak as a sharp drop in the yen boosts the outlook for exporters. The yen is among a string of currencies that have tumbled against the dollar as markets b
Published 26 Nov, 2016 12:00am
Hong Kong stocks up

Hong Kong stocks up

Hong Kong stocks had their best week in 1-1/2 months, with the benchmark index closing at a two-week high on Friday, partly aided by steady money inflows from China as a cross-border link will be launched soon. The Thanksgiving break in the United States
Published 26 Nov, 2016 12:00am
Most Southeast Asian stocks rise on local buying

Most Southeast Asian stocks rise on local buying

Most Southeast Asian stock markets rose on Friday, in line with Asian peers as a US holiday helped slow a rally in the dollar that has absorbed capital out of most emerging markets. Foreign investors, who have been selling emerging-market assets on expect
Published 26 Nov, 2016 12:00am
Canada's main stock index dips

Canada's main stock index dips

Canada's main stock index edged lower on Thursday as energy shares pared some recent gains, offsetting a rebound in the materials group as copper rallied. In lighter than usual trading volumes, with US markets closed for Thanksgiving, the Toronto Stock Ex
Published 26 Nov, 2016 12:00am
Bluechips lead China stocks to best week in six months

Bluechips lead China stocks to best week in six months

China's leading share index capped its best week in nearly 6 months on Friday as investors continued to scoop up bluechips on signs that the economy is on steadier footing. The CSI300 index rose for a fifth straight day, advancing 0.9 percent to 3,521.30
Published 26 Nov, 2016 12:00am
European shares end near two-week high, helped by pharma M&A hopes

European shares end near two-week high, helped by pharma M&A hopes

European shares rose slightly on Friday, nearing their highest level in over two weeks, as the market was supported by a rally in drugmakers on hopes of tie-up activity in the sector. Actelion surged 16.8 percent to a record high after the Swiss biotechno
Published 26 Nov, 2016 12:00am
Sri Lankan shares end little changed

Sri Lankan shares end little changed

Sri Lankan shares ended little changed on Friday, hovering near eight-month lows, while turnover slumped as investors kept to the sidelines on concerns over recent tax proposals. The Colombo stock index ended 0.02 percent down at 6,252.12, and lost 1.17 p
Published 26 Nov, 2016 12:00am
Australia, New Zealand shares higher

Australia, New Zealand shares higher

Australian shares ended Friday higher, underpinned by materials that rose on an extended rally in base metal prices. The S&P/ASX 200 index closed 22.72 points or 0.41 percent higher, at 5,507. The index gained 2.77 percent this week, snapping the previous
Published 26 Nov, 2016 12:00am
FTSE registers third straight week of gains

FTSE registers third straight week of gains

Britain's top share index edged higher on Friday, making its third straight week of gains as weakness in banking and mining stocks was offset by strength in pharma shares. The FTSE 100 ended 0.2 percent higher, up 1 percent for the week. Markets, which ha
Published 26 Nov, 2016 12:00am
Yuan rises but set to weaken for third straight week
Currency

Yuan rises but set to weaken for third straight week

China's yuan was headed for its third straight week of losses against the dollar on Friday, despite trading a touch stronger in the morning. The yuan has fallen 0.4 percent so far this week and more than 6 percent against the dollar so far this year. Its
Published 26 Nov, 2016 12:00am
Dollar advances to eight-month high against yen in Asia
Currency

Dollar advances to eight-month high against yen in Asia

The dollar rose to an 8-month high against the yen on Friday as US bond yields resumed their rise in Asia after the Thanksgiving break shut markets in the United States. The dollar was up 0.3 percent at 113.710 yen after hitting an 8-month high of 113.900
Published 26 Nov, 2016 12:00am
Early trade in New York: dollar slides against major rivals
Currency

Early trade in New York: dollar slides against major rivals

The dollar fell against major rivals on Friday as investors took advantage of a pullback in US bond yields and a holiday-shortened week to consolidate gains that have propelled the currency to a nearly 14-year peak. Expectations of rises in US inflation a
Published 26 Nov, 2016 12:00am
Dollar dips in Europe on US bond yields, Thanksgiving hangover
Currency

Dollar dips in Europe on US bond yields, Thanksgiving hangover

The dollar retreated against its major peers on Friday, a pullback in US bond yields spurring some profit-taking as the world's main currency headed for its best run in almost two years. Expectations of rises in US inflation and interest rates have driven
Published 26 Nov, 2016 12:00am
Sri Lankan rupee falls

Sri Lankan rupee falls

The Sri Lankan rupee ended weaker on Friday due to dollar demand from importers who fear the economic policies of US President-elect Donald Trump could lead to a rise in the greenback and interest rates. Sri Lankan rupee forwards were active with spot-nex
Published 26 Nov, 2016 12:00am
Fragile Asia FX set for weekly losses
Currency

Fragile Asia FX set for weekly losses

Most emerging Asian currencies saw marginal gains on Friday but looked set for weekly losses as the stronger dollar and higher US Treasury yields prompt global investors to dump regional assets. The Indian rupee led daily gains as the central bank interve
Published 26 Nov, 2016 12:00am
Brazil real slumps
Currency

Brazil real slumps

The Brazilian real slumped in early Friday trading on concerns that a potential investigation into whether President Michel Temer pressured an ex-minister to allegedly favour a cabinet colleague's property investment could derail a fiscal adjustment.
Published 26 Nov, 2016 12:00am
Aussie and kiwi at multi-month peak versus yen
Currency

Aussie and kiwi at multi-month peak versus yen

The Australian dollar jumped on the Japanese yen on Friday as investors piled positions in high-yielding currencies with Aussie bond yields near 11-month highs, tracking US Treasuries. The Australian dollar hit a seven month peak of 84.60 yen, clocking it
Published 26 Nov, 2016 12:00am
Khawaja century powers Aussies ahead of Proteas

Khawaja century powers Aussies ahead of Proteas

Iron-willed Usman Khawaja batted out the entire day to tilt the third day-night Test towards Australia with a masterful century against South Africa on Friday. At the close on the second day in Adelaide, the Australians were 307 for six in reply to the Pr
Published 26 Nov, 2016 12:00am
Chisoro stars as Zimbabwe pip West Indies to final

Chisoro stars as Zimbabwe pip West Indies to final

Tendai Chisoro played a crucial role with bat and ball as Zimbabwe staged a remarkable comeback to stun the West Indies in Friday's one-day international at Queens Sports Club and qualify for the triangular series final. In a rain-affected match, Chisoro
Published 26 Nov, 2016 12:00am
Cilic recovers to give Croatia Davis Cup edge

Cilic recovers to give Croatia Davis Cup edge

Croatia's Marin Cilic battled back from a mid-match collapse to beat Federico Delbonis of Argentina 6-3, 7-5, 3-6, 1-6, 6-2 in the opening rubber of the Davis Cup final in Zagreb on Friday. Former US Open champion Cilic appeared to be cruising towards a r
Published 26 Nov, 2016 12:00am
ICC hits out at du Plessis ball-tampering appeal

ICC hits out at du Plessis ball-tampering appeal

The International Cricket Council voiced disappointment Friday after South Africa skipper Faf du Plessis said he will appeal his conviction for ball-tampering. Du Plessis was fined his match fee after being caught on camera sucking a sweet, or mint, and r
Published 26 Nov, 2016 12:00am
Putin pledges swift fix to St Petersburg stadium issues

Putin pledges swift fix to St Petersburg stadium issues

President Vladimir Putin on Friday assured FIFA boss Gianni Infantino that problems with the World Cup venue in the north-western city of Saint Petersburg would be solved by the end of the year. "It's a very sad story," Russian news agencies quoted Putin
Published 26 Nov, 2016 12:00am
Buttler, Woakes return for third India Test

Buttler, Woakes return for third India Test

Batsman Jos Buttler will replace the struggling Ben Duckett in the third Test against India starting Saturday, despite having just one first-class match under his belt in the past year. England skipper Alastair Cook also confirmed fast bowler Chris Woakes
Published 26 Nov, 2016 12:00am
Kohli dismisses ball-tampering claims

Kohli dismisses ball-tampering claims

India skipper Virat Kohli dismissed ball-tampering claims on Friday after footage showed him sucking a mint and shining the ball - following a similar case involving South Africa's captain. Kohli said the allegations, aired by media, were intended to take
Published 26 Nov, 2016 12:00am
Badminton: It's a scream as Marin reaches Hong Kong semi-finals

Badminton: It's a scream as Marin reaches Hong Kong semi-finals

World and Olympic champion Carolina Marin was told off about her trademark screaming as she roared into the Hong Kong Open semi-finals on Friday. The courtside umpire took Marin to task and warned her not to look into the eyes of her opponent, Japan's Aka
Published 26 Nov, 2016 12:00am
Black Horse Paints/Sapphire in Sukhchan Polo final

Black Horse Paints/Sapphire in Sukhchan Polo final

Black Horse Paints/Sapphire edged out HW Couture by 6-5 in a nail-biting match to qualify for the main final of the Sukhchan Polo Cup 2016 here at the Lahore Polo Club (LPC) ground on Friday. HW Couture hammered the first goal of the match through Taimur
Published 26 Nov, 2016 12:00am
Pakistan strike twice before rain halts Test

Pakistan strike twice before rain halts Test

New Zealand reached 77-2 against Pakistan before rain forced day one of the second and final Test to be abandoned after just 21 overs in Hamilton on Friday. The players took lunch 15 minutes early as the skies opened, with Jeet Raval on 35 and Ross Taylor
Published 26 Nov, 2016 12:00am
France foiled suspected IS plot directed from abroad

France foiled suspected IS plot directed from abroad

Five men arrested in France for planning an attack in the Paris area were directed from the Islamic State group's heartland, a prosecutor said on Friday. Over last weekend police had arrested seven men and seized weapons in raids in the cities of Strasbou
Published 26 Nov, 2016 12:00am
Hurricane kills four in Costa Rica

Hurricane kills four in Costa Rica

A hurricane that churned its way through Nicaragua and Costa Rica before exiting into the Pacific on Friday killed at least four people and caused millions of dollars of damage, officials said. The deaths and much of the property damage were recorded in C
Published 26 Nov, 2016 12:00am
At least five killed in Afghan triple bombing

At least five killed in Afghan triple bombing

At least five people were killed and 27 others wounded in a triple bombing in eastern Afghanistan's Nangarhar province Friday, provincial officials said. There was no claim of responsibility for the three bombings in Jalalabad, the capital of Nangarhar pr
Published 26 Nov, 2016 12:00am
Japan protests Russia missile deployment on disputed islands

Japan protests Russia missile deployment on disputed islands

Japan has told Russia the deployment of missiles on disputed islands in the Pacific is "deplorable", Prime Minister Shinzo Abe said Friday, ahead of talks aimed at resolving a decades-old territorial spat. The positioning of coastal defence missiles on tw
Published 26 Nov, 2016 12:00am
Erdogan threatens EU with new migrant influx

Erdogan threatens EU with new migrant influx

President Recep Tayyip Erdogan threatened Friday to walk away from a deal that has substantially reduced the flow of migrants to the European Union and also effectively end Ankara's membership bid by bringing back capital punishment. Erdogan's warning he
Published 26 Nov, 2016 12:00am
Myanmar crisis sparks Muslim protests in Asian capitals

Myanmar crisis sparks Muslim protests in Asian capitals

Angry Muslim protesters took to the streets from Jakarta to Dhaka on Friday to denounce Myanmar over allegations of indiscriminate killing and rape in a military crackdown on the country's Rohingya Muslim minority. Around 5,000 Bangladeshi Muslims demonst
Published 26 Nov, 2016 12:00am
Syria army advances in rebel-held east Aleppo

Syria army advances in rebel-held east Aleppo

The Syrian army Friday advanced in Aleppo after pounding the city's rebel-held east with air strikes and shelling that killed dozens, adding to the despair of more than 250,000 civilians under siege. The US military, meanwhile, announced its first combat
Published 26 Nov, 2016 12:00am
100,000 passengers hit on third day of Lufthansa strike

100,000 passengers hit on third day of Lufthansa strike

Germany's flagship airline Lufthansa cancelled 830 domestic and European flights on Friday, affecting more than 100,000 passengers, as a strike by pilots demanding higher pay stretched into a third day. The airline said it would also scrap 137 long-haul f
Published 26 Nov, 2016 12:00am
Italy floods wreak havoc, one feared dead

Italy floods wreak havoc, one feared dead

Flooding caused by torrential rain in northern Italy was feared to have claimed at least one victim Friday after a man was swept away by a swollen river near Turin. The elderly man was tending to horses in Perosa Argentina, a small town in the foothills o
Published 26 Nov, 2016 12:00am
Putin hands action star Seagal Russian passport

Putin hands action star Seagal Russian passport

President Vladimir Putin on Friday personally handed a new Russian passport to US action star Steven Seagal and said he hoped the gesture showed a "normalisation" of strained relations with Washington. Sitting at a round table in the Kremlin at a televise
Published 26 Nov, 2016 12:00am
MoF's reply to a response

MoF's reply to a response

Dr Ashfaque H. Khan, Dr Hafiz A Pasha and Dr Salman Shah in a reply to MoF's response to their article have mentioned that they were expecting a response from the IMF but instead the MoF responded to their article. In their reply, they have repeated the s
Published 26 Nov, 2016 12:00am
'Pakistan facing serious economic challenges'
Cotton

'Pakistan facing serious economic challenges'

Ateeq Ur Rehman, a trade analyst and a banking advisor to Karachi Chamber of Commerce and Industry (KCCI) has said that current policy rate of 5.75 percent is four decades-low. He proposed that an increase in the rates by 0.25 basic points will be a welco
Published 26 Nov, 2016 12:00am
Defence sector: 'Self-sufficiency achieved in many fields'

Defence sector: 'Self-sufficiency achieved in many fields'

Pakistan has achieved self-sufficiency in many fields of defence sector, said Lieutenant General Syed Muhammad Owais (Rtd), HI (M) Secretary Defence Production. He was speaking at the closing ceremony of IDEAS 2016 held at the Expo Center, Karachi. He sai
Published 26 Nov, 2016 12:00am
KATI admires efforts of CoAS for peace

KATI admires efforts of CoAS for peace

President of Korangi Association of Trade & Industry (KATI), Masood Naqi has expressed hope that the successor of General Raheel will follow his foot prints. Praising the outgoing CoAS General Raheel Sharif for his services, he said that his hard work for
Published 26 Nov, 2016 12:00am
PIA holds passing-out ceremony for 15 airhostesses

PIA holds passing-out ceremony for 15 airhostesses

Pakistan International Airlines (PIA) on Friday organised the passing out ceremony for 15 freshly recruited airhostesses. According to details, CEO PIA Bernd Hildenbrand was the chief guest at the passing out ceremony of the 375th batch of female Flight S
Published 26 Nov, 2016 12:00am
Kashmir issue: Hafiz Saeed moves Supreme Court against government

Kashmir issue: Hafiz Saeed moves Supreme Court against government

Chief of Jamatud Dawa Hafiz Saeed on Friday approached the Supreme Court seeking directions against the government to raise the issue of Kashmir at international forums. The petitioner through his counsel, Azhar Siddique, submitted that Indian forces were
Published 26 Nov, 2016 12:00am
Zardari may return after Benazir's death anniversary: Chandio

Zardari may return after Benazir's death anniversary: Chandio

Advisor to Sindh chief minister on information Moula Bux Chandio has said on Friday that Pakistan Peoples Party's chairman Bilawal Bhutto Zardari is expected to contest the by-election from Larkana. "Bilawal Bhutto is expected to contest by-election from
Published 26 Nov, 2016 12:00am
PPDWP approves six uplift schemes worth Rs 11.57 billion

PPDWP approves six uplift schemes worth Rs 11.57 billion

The Punjab Provincial Development Working Party (PPDWP) approved six development schemes of various sectors with an estimated cost of Rs 1157.073 million. The schemes were approved in the 33rd meeting of PPDWP of current fiscal year 2016-17. Provincial Se
Published 26 Nov, 2016 12:00am
Audit policy to open the floodgates for corruption: LCCI

Audit policy to open the floodgates for corruption: LCCI

The Lahore Chamber of Commerce and Industry has urged the Federal Board of Revenue (FBR) to avoid implementation of Audit Policy 2016 till the resolution of business community's reservations. "FBR should not act as trouble maker but to act as facilitator
Published 26 Nov, 2016 12:00am
Kashf Foundation wins 'European Microfinance Award'

Kashf Foundation wins 'European Microfinance Award'

Kashf Foundation, one of Pakistan's leading microfinance institutions, has been awarded the prestigious European Microfinance Award by the Luxembourg Ministry of Foreign and European Affairs. The award is a first-time win for Pakistan in recognition of th
Published 26 Nov, 2016 12:00am
LHC moved against expulsion of Turkish teachers

LHC moved against expulsion of Turkish teachers

A bar member Naveed Suhail Malik challenged the expulsion of Turkish teachers from Pakistan before the Lahore High Court (LHC) on Friday. The petitioner stated that the PakTurk Educational Foundation was running 28 schools in Pakistan which employed 130 T
Published 26 Nov, 2016 12:00am
Government committed to making CPEC a success: Bizenjo

Government committed to making CPEC a success: Bizenjo

Federal Minister for Port and Shipping Mir Hasil Khan Bizenjo has said that the government would ensure all out support and facility to the business community at the Gwadar Port to make the China-Pakistan Economic Corridor (CPEC) project successful.
Published 26 Nov, 2016 12:00am
Punjab food, USAID sign MoU to modernise grain storage

Punjab food, USAID sign MoU to modernise grain storage

Representatives from the Punjab Food Department (PFD), Government of Punjab, and the USAID-funded Punjab Enabling Environment Project (PEEP), signed a Memorandum of Understanding (MoU) to provide technical assistance for establishment of an efficient grai
Published 26 Nov, 2016 12:00am
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