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Nov 09, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-11-28
Zardari may return after December 10

Zardari may return after December 10

Co-Chairman of Pakistan People's Party (PPP) Asif Ali Zardari will be returning to Pakistan after 10th of December 2016. According to media sources, the preparations for the former Pakistani president Asif Ali Zardari's return to Pakistan are in full-swin
Published 28 Nov, 2016 12:00am
16 couples tie the knot in mass wedding in Sialkot

16 couples tie the knot in mass wedding in Sialkot

A total of 16 couples including one non-Muslim tied the knot in sixth mass wedding ceremony held under the auspices of The Askari Friends Society on Sunday. The Askari Friends Society was making adequate efforts to share the burden of poor and needy famil
Published 28 Nov, 2016 12:00am
JUI-F leader calls for accountability of CPEC opponents

JUI-F leader calls for accountability of CPEC opponents

Deputy Secretary General, JUI-F, Maulana Mohammad Amjad Khan has said that China Pakistan Economic Corridor (CPEC) is not in the benefit of Pakistan rather for the whole region, saying every Pakistani will have to play his due role for its success and to
Published 28 Nov, 2016 12:00am
Bilawal will become Prime Minister in 2018, says Khursheed

Bilawal will become Prime Minister in 2018, says Khursheed

Leader of the Opposition in National Assembly, Syed Khursheed Ahmed Shah on Sunday claimed that Chairman of Pakistan People's Party (PPP) Bilawal Bhutto Zardari will become the prime minister of Pakistan in 2018. Talking to media, Khursheed Shah said that
Published 28 Nov, 2016 12:00am
Overcome weakness, defeat negative forces from inside: Dr Naeem

Overcome weakness, defeat negative forces from inside: Dr Naeem

Speakers at a seminar on personality development stressed on the need to have a balanced and flexible personality coupled with excellent communication skills to reap the benefits of emerging opportunities in the world.
Published 28 Nov, 2016 12:00am
VOP welcomes appointments of COAS, CJCSC

VOP welcomes appointments of COAS, CJCSC

Veterans of Pakistan (VOP) on Sunday welcomed the appointments of Chairman Joint Chief of Staff Committee and Chief of Army Staff and expressed confidence that they will take the on-going war against terrorism to a successful conclusion. They also hoped t
Published 28 Nov, 2016 12:00am
Sunflower to be cultivated over 87,000 acres in Punjab

Sunflower to be cultivated over 87,000 acres in Punjab

Punjab government has formulated a well-knitted plan for the promotion of sunflower and other oil seed crops in the Province. The step has been taken to produce maximum edible oil aimed at lessening the import and to produce maximum edible oil in the prov
Published 28 Nov, 2016 12:00am
Protest rally held against India

Protest rally held against India

Aid organisations in Azad Kashmir on Sunday observed day of protest against the firing of Indian army on aan ambulance in Neelum valley. An anti-India rally was held under the leadership of Yasin Malik's wife Mishal Malik.
Published 28 Nov, 2016 12:00am
JI vows to fight Sindh case

JI vows to fight Sindh case

Chief of Jamaat-e-Islami (JI) Pakistan Senator Sirajul Haq has vowed to fight the case of Sindh in and outside the parliament. He made this pledge speaking at the concluding session of the 2-day Sindh Workers Convention of his party at Bagh-e-Jinnah in Ka
Published 28 Nov, 2016 12:00am
DCO orders action against canal water theft

DCO orders action against canal water theft

DCO Slamna Ghani has ordered to stop the incidents of canal water theft in the district and called for actively regular monitoring of canal system by the Tehsil committees and taking immediate legal actions against the accused involved in stealing canal w
Published 28 Nov, 2016 12:00am
Shahbaz orders crackdown on criminals in Punjab

Shahbaz orders crackdown on criminals in Punjab

Punjab Chief Minister Muhammad Shahbaz Sharif has asked law enforcement agencies to commence crackdown against criminals in the province. Addressing a meeting here on Sunday, he stated that eradicating crime and taking care of property and lives of citize
Published 28 Nov, 2016 12:00am
Muqam urges PTI to quit KP government

Muqam urges PTI to quit KP government

Advisor to Prime Minister Engr. Ameer Muqam has said that PTI should give back the mandate to people of KP, apologise to the masses on poor performance and hold by-elections in the province. He said that due to broad vision and display of exemplary perfor
Published 28 Nov, 2016 12:00am
Market where women seek justice

Market where women seek justice

A narrow path winds through Kashmir's Valley of Pearls towards 13 tin-roofed shops hidden in a rickety row, a women-only market that doubles as a space for those seeking help against the violence of Pakistan's patriarchy. The market, in a small village ou
Published 28 Nov, 2016 12:00am
Allama Iqbal was true preacher of Islam: Sahibzada Sultan

Allama Iqbal was true preacher of Islam: Sahibzada Sultan

Each and every Muslim should understand Allama Iqbal and interpret his poetry as well as philosophy in its true Islamic perspective instead of explaining him in accordance with the beliefs of his own school of thought, emphasised Chairman Muslim Institute
Published 28 Nov, 2016 12:00am
Dar speaks to Bajwa, Hayat

Dar speaks to Bajwa, Hayat

Finance Minister Ishaq Dar on Sunday made a phone call to General Qamar Javed Bajwa. The Finance Minister congratulated General Bajwa on his appointment as Chief of Army Staff, according to a statement, issued by Ministry of Finance here.
Published 28 Nov, 2016 12:00am
Call for effective action to resolve overseas Pakistanis' problems

Call for effective action to resolve overseas Pakistanis' problems

With a view to early redress the expats' complaints pertaining to the federal government agencies, the Overseas Pakistanis Commission (OPC) Punjab has decided to develop close and continuous liaison with the Overseas Pakistanis Foundation (OPF) of Governm
Published 28 Nov, 2016 12:00am
'Awareness should be created about harms of junk food'

'Awareness should be created about harms of junk food'

Post Graduate Medical Institute and Ameer-ud-Din Medical College Principal Prof Ghias un Nabi Tayyab said that in order to safeguard the health of new generation, awareness should be created about the harms of junk food and advantages of physical exercise
Published 28 Nov, 2016 12:00am
Strike over fuel subsidies quietens Khartoum streets
Currency

Strike over fuel subsidies quietens Khartoum streets

Several public transport buses stayed off the streets in Khartoum and many shops shut Sunday in a mixed response to opposition calls for a nation-wide strike against fuel subsidy cuts. The call for a three-day strike came after the authorities announced a
Published 28 Nov, 2016 12:00am
Strike over fuel subsidies quietens Khartoum streets
Currency

Strike over fuel subsidies quietens Khartoum streets

Several public transport buses stayed off the streets in Khartoum and many shops shut Sunday in a mixed response to opposition calls for a nation-wide strike against fuel subsidy cuts. The call for a three-day strike came after the authorities announced a
Published 28 Nov, 2016 12:00am
Strike over fuel subsidies quietens Khartoum streets
Currency

Strike over fuel subsidies quietens Khartoum streets

Several public transport buses stayed off the streets in Khartoum and many shops shut Sunday in a mixed response to opposition calls for a nation-wide strike against fuel subsidy cuts. The call for a three-day strike came after the authorities announced a
Published 28 Nov, 2016 12:00am
Economy: Pasha sets off alarm bells for policymakers
Currency

Economy: Pasha sets off alarm bells for policymakers

The government must focus on increasing exports especially with declining remittances. This was stated by Dr Hafiz Pasha, former Minister for Finance, while speaking on Aaj programme Paisa Bolta Hai with Anjum Ibrahim.
Published 28 Nov, 2016 12:00am
Economy: Pasha sets off alarm bells for policymakers
Currency

Economy: Pasha sets off alarm bells for policymakers

The government must focus on increasing exports especially with declining remittances. This was stated by Dr Hafiz Pasha, former Minister for Finance, while speaking on Aaj programme Paisa Bolta Hai with Anjum Ibrahim.
Published 28 Nov, 2016 12:00am
Economy: Pasha sets off alarm bells for policymakers
Currency

Economy: Pasha sets off alarm bells for policymakers

The government must focus on increasing exports especially with declining remittances. This was stated by Dr Hafiz Pasha, former Minister for Finance, while speaking on Aaj programme Paisa Bolta Hai with Anjum Ibrahim.
Published 28 Nov, 2016 12:00am
Armed men free Khalistan Liberation Force chief from Indian jail

Armed men free Khalistan Liberation Force chief from Indian jail

At least 10 armed men disguised as policemen stormed a high-security prison in India's Punjab state Sunday and freed a top Sikh militant commander and four others, officials said. The attackers, who travelled in cars, stabbed and injured a guard at the ma
Published 28 Nov, 2016 12:00am
Armed men free Khalistan Liberation Force chief from Indian jail

Armed men free Khalistan Liberation Force chief from Indian jail

At least 10 armed men disguised as policemen stormed a high-security prison in India's Punjab state Sunday and freed a top Sikh militant commander and four others, officials said. The attackers, who travelled in cars, stabbed and injured a guard at the ma
Published 28 Nov, 2016 12:00am
Abbas's Fatah in rare congress as succession talk builds

Abbas's Fatah in rare congress as succession talk builds

Palestinian president Mahmud Abbas's Fatah party holds its first congress since 2009 on Tuesday as the 81-year-old leader seeks to close ranks and fend off a key rival. While Abbas's advisers insist the congress is being held because it is overdue, some a
Published 28 Nov, 2016 12:00am
Abbas's Fatah in rare congress as succession talk builds

Abbas's Fatah in rare congress as succession talk builds

Palestinian president Mahmud Abbas's Fatah party holds its first congress since 2009 on Tuesday as the 81-year-old leader seeks to close ranks and fend off a key rival. While Abbas's advisers insist the congress is being held because it is overdue, some a
Published 28 Nov, 2016 12:00am
CCP''s top brass accused of misusing public funds

CCP''s top brass accused of misusing public funds

The top brass of Competition Commission of Pakistan (CCP) is accused of misusing public funds and extending favours to the blue-eyed officials in the organisation. Well-informed sources told Business Recorder that these discrepancies have been poin
Published 28 Nov, 2016 12:00am
CCP's top brass accused of misusing public funds

CCP's top brass accused of misusing public funds

The top brass of Competition Commission of Pakistan (CCP) is accused of misusing public funds and extending favours to the blue-eyed officials in the organisation. Well-informed sources told Business Recorder that these discrepancies have been poin
Published 28 Nov, 2016 12:00am
CCP's top brass accused of misusing public funds

CCP's top brass accused of misusing public funds

The top brass of Competition Commission of Pakistan (CCP) is accused of misusing public funds and extending favours to the blue-eyed officials in the organisation. Well-informed sources told Business Recorder that these discrepancies have been poin
Published 28 Nov, 2016 12:00am
Swiss reject quick exit from atomic power

Swiss reject quick exit from atomic power

Swiss voted in a referendum on Sunday to reject a speedy exit from the nation''s five nuclear power plants, as concerns over losing energy independence outweighed safety worries raised by the measure''s proponents. Nearly 55 percent of voters turned down
Published 28 Nov, 2016 12:00am
Swiss reject quick exit from atomic power

Swiss reject quick exit from atomic power

Swiss voted in a referendum on Sunday to reject a speedy exit from the nation's five nuclear power plants, as concerns over losing energy independence outweighed safety worries raised by the measure's proponents. Nearly 55 percent of voters turned down th
Published 28 Nov, 2016 12:00am
Swiss reject quick exit from atomic power

Swiss reject quick exit from atomic power

Swiss voted in a referendum on Sunday to reject a speedy exit from the nation's five nuclear power plants, as concerns over losing energy independence outweighed safety worries raised by the measure's proponents. Nearly 55 percent of voters turned down th
Published 28 Nov, 2016 12:00am
Punjab cabinet expanded: 11 new ministers to take oath today

Punjab cabinet expanded: 11 new ministers to take oath today

As many as 11 new ministers have been appointed to expand Punjab cabinet under chief minister Shahbaz Sharif. Aaj News reported on Sunday night that 11 new ministers were notified and the governor Punjab would administer oath from them at Governor's House
Published 28 Nov, 2016 12:00am
Punjab cabinet expanded: 11 new ministers to take oath today

Punjab cabinet expanded: 11 new ministers to take oath today

As many as 11 new ministers have been appointed to expand Punjab cabinet under chief minister Shahbaz Sharif. Aaj News reported on Sunday night that 11 new ministers were notified and the governor Punjab would administer oath from them at Governor's House
Published 28 Nov, 2016 12:00am
Juncker praises Renzi reforms

Juncker praises Renzi reforms

European Commission President Jean-Claude Juncker hopes Italians will not reject reforms sponsored by Prime Minister Matteo Renzi when they vote in a referendum over changing the country's constitution, he told a newspaper on Sunday. Despite Renzi's frequ
Published 28 Nov, 2016 12:00am
Israel douses fires that forced mass evacuations

Israel douses fires that forced mass evacuations

Fire-fighters have extinguished blazes that ravaged Israel and the occupied West Bank for five days and forced tens of thousands to flee, authorities said Sunday, blaming arsonists for some outbreaks. There were no deaths but some 122 people were treated
Published 28 Nov, 2016 12:00am
Troops fire artillery at militants in Philippines

Troops fire artillery at militants in Philippines

Troops Sunday fired artillery at positions held by an Islamic militant faction in the southern Philippines as more soldiers deployed against the group, which staged a deadly bombing in President Rodrigo Duterte's home city.
Published 28 Nov, 2016 12:00am
UN Yemen envoy in new bid for peace

UN Yemen envoy in new bid for peace

The UN envoy for Yemen has announced a new bid for peace talks between the government and rebels, after the latest cease-fire failed to end the 20-month conflict. The peace effort by Ismail Ould Cheikh Ahmed came as dozens were reported killed in fighting
Published 28 Nov, 2016 12:00am
BBC Turkish says reporter freed in southeast Turkey

BBC Turkish says reporter freed in southeast Turkey

Turkish authorities on Sunday freed a reporter for the BBC's Turkish language service in the southeast of the country after holding her for a day without explanation, the broadcaster said.
Published 28 Nov, 2016 12:00am
Trump steps up criticism of vote recount

Trump steps up criticism of vote recount

President-elect Donald Trump and his top aides on Sunday doubled down on their criticism of Hillary Clinton's camp for joining a vote recount in Wisconsin, terming the decision "ridiculous" and "a waste of time."
Published 28 Nov, 2016 12:00am
Oil market would balance even without output cuts: Saudi Arabia

Oil market would balance even without output cuts: Saudi Arabia

Saudi Arabia''s energy minister Khalid al-Falih said on Sunday that he believed the oil market would balance itself in 2017 even if producers did not intervene, and that keeping output at current levels could therefore be justified.
Published 28 Nov, 2016 12:00am
Oil market would balance even without output cuts: Saudi Arabia

Oil market would balance even without output cuts: Saudi Arabia

Saudi Arabia's energy minister Khalid al-Falih said on Sunday that he believed the oil market would balance itself in 2017 even if producers did not intervene, and that keeping output at current levels could therefore be justified.
Published 28 Nov, 2016 12:00am
Oil market would balance even without output cuts: Saudi Arabia

Oil market would balance even without output cuts: Saudi Arabia

Saudi Arabia's energy minister Khalid al-Falih said on Sunday that he believed the oil market would balance itself in 2017 even if producers did not intervene, and that keeping output at current levels could therefore be justified.
Published 28 Nov, 2016 12:00am
Government urged to normalise trade ties with India

Government urged to normalise trade ties with India

The World Bank has urged Pakistan to fully normalise trade relations with India to facilitate deep forms of trade integration as this step would allow Pakistan to benefit from New Delhi''s fast growth and promote complementarities, including value chain a
Published 28 Nov, 2016 12:00am
Government urged to normalise trade ties with India

Government urged to normalise trade ties with India

The World Bank has urged Pakistan to fully normalise trade relations with India to facilitate deep forms of trade integration as this step would allow Pakistan to benefit from New Delhi's fast growth and promote complementarities, including value chain ac
Published 28 Nov, 2016 12:00am
Government urged to normalise trade ties with India

Government urged to normalise trade ties with India

The World Bank has urged Pakistan to fully normalise trade relations with India to facilitate deep forms of trade integration as this step would allow Pakistan to benefit from New Delhi's fast growth and promote complementarities, including value chain ac
Published 28 Nov, 2016 12:00am
Polish oil firm: militants kidnap six Pakistanis

Polish oil firm: militants kidnap six Pakistanis

Six Pakistanis working for a Polish oil and gas surveying company have been kidnapped in north-west, military sources told Reuters, years after a Polish engineer from the same company was beheaded by militants.
Published 28 Nov, 2016 12:00am
Polish oil firm: militants kidnap six Pakistanis

Polish oil firm: militants kidnap six Pakistanis

Six Pakistanis working for a Polish oil and gas surveying company have been kidnapped in north-west, military sources told Reuters, years after a Polish engineer from the same company was beheaded by militants.
Published 28 Nov, 2016 12:00am
Companies Ordinance, 2016: new law faces ire of Senate

Companies Ordinance, 2016: new law faces ire of Senate

The opposition lawmakers backed by some treasury senators in Senate are all set to pass a resolution to strike down the ''''Companies Ordinance, 2016'''', under clause II of Sub Article 2 of Article 89 of the constitution.
Published 28 Nov, 2016 12:00am
Companies Ordinance, 2016: new law faces ire of Senate

Companies Ordinance, 2016: new law faces ire of Senate

The opposition lawmakers backed by some treasury senators in Senate are all set to pass a resolution to strike down the ''Companies Ordinance, 2016'', under clause II of Sub Article 2 of Article 89 of the constitution.
Published 28 Nov, 2016 12:00am
Companies Ordinance, 2016: new law faces ire of Senate

Companies Ordinance, 2016: new law faces ire of Senate

The opposition lawmakers backed by some treasury senators in Senate are all set to pass a resolution to strike down the 'Companies Ordinance, 2016', under clause II of Sub Article 2 of Article 89 of the constitution.
Published 28 Nov, 2016 12:00am
Companies Ordinance, 2016: new law faces ire of Senate

Companies Ordinance, 2016: new law faces ire of Senate

The opposition lawmakers backed by some treasury senators in Senate are all set to pass a resolution to strike down the 'Companies Ordinance, 2016', under clause II of Sub Article 2 of Article 89 of the constitution.
Published 28 Nov, 2016 12:00am
Futures spread up by 103 basis points

Futures spread up by 103 basis points

The futures spread increased by 103bps to 7.95 percent during the week ended on November 25, 2016. Trading activities on the futures counter increased significantly as the average daily trading volumes surged by 122.3 percent to 110.70 million shares.
Published 28 Nov, 2016 12:00am
Futures spread up by 103 basis points

Futures spread up by 103 basis points

The futures spread increased by 103bps to 7.95 percent during the week ended on November 25, 2016. Trading activities on the futures counter increased significantly as the average daily trading volumes surged by 122.3 percent to 110.70 million shares.
Published 28 Nov, 2016 12:00am
Futures spread up by 103 basis points

Futures spread up by 103 basis points

The futures spread increased by 103bps to 7.95 percent during the week ended on November 25, 2016. Trading activities on the futures counter increased significantly as the average daily trading volumes surged by 122.3 percent to 110.70 million shares.
Published 28 Nov, 2016 12:00am
High stride continues

High stride continues

Despite foreign selling, Pakistan Stock Exchange (PSX) witnessed a positive trend due to local investor and institutional support during the outgoing week ended November 25, 2016. The benchmark KSE-100 index surged by 674.72 points or 1.59 percent on week
Published 28 Nov, 2016 12:00am
High stride continues

High stride continues

Despite foreign selling, Pakistan Stock Exchange (PSX) witnessed a positive trend due to local investor and institutional support during the outgoing week ended November 25, 2016. The benchmark KSE-100 index surged by 674.72 points or 1.59 percent on week
Published 28 Nov, 2016 12:00am
High stride continues

High stride continues

Despite foreign selling, Pakistan Stock Exchange (PSX) witnessed a positive trend due to local investor and institutional support during the outgoing week ended November 25, 2016. The benchmark KSE-100 index surged by 674.72 points or 1.59 percent on week
Published 28 Nov, 2016 12:00am
Ceremony in honour of new CJCSC today

Ceremony in honour of new CJCSC today

A ceremony in honour of newly-appointed Chairman Joint Chiefs of Staff Committee General Zubair Mahmood Hayat will be held today (Monday) at General Headquarters in Rawalpindi.
Published 28 Nov, 2016 12:00am
Ceremony in honour of new CJCSC today

Ceremony in honour of new CJCSC today

A ceremony in honour of newly-appointed Chairman Joint Chiefs of Staff Committee General Zubair Mahmood Hayat will be held today (Monday) at General Headquarters in Rawalpindi.
Published 28 Nov, 2016 12:00am
US welcome appointment of Army Chief

US welcome appointment of Army Chief

The United States welcomed the appointment of General Qamar Javed Bajwa as the new Chief of Army Staff. A statement issued by the US Embassy in Islamabad on Sunday said: "We welcome Prime Minister Nawaz Sharif's appointment of Lieutenant General Qamar Jav
Published 28 Nov, 2016 12:00am
US welcome appointment of Army Chief

US welcome appointment of Army Chief

The United States welcomed the appointment of General Qamar Javed Bajwa as the new Chief of Army Staff. A statement issued by the US Embassy in Islamabad on Sunday said: "We welcome Prime Minister Nawaz Sharif's appointment of Lieutenant General Qamar Jav
Published 28 Nov, 2016 12:00am
Bajwa brings no change in policy: defence minister

Bajwa brings no change in policy: defence minister

There will be no immediate shift in Pakistan's military policy under the new army chief, the country's defence minister said, after Prime Minister Nawaz Sharif appointed a new military leader on Saturday. Lieutenant General Qamar Javed Bajwa will replace
Published 28 Nov, 2016 12:00am
Bajwa brings no change in policy: defence minister

Bajwa brings no change in policy: defence minister

There will be no immediate shift in Pakistan's military policy under the new army chief, the country's defence minister said, after Prime Minister Nawaz Sharif appointed a new military leader on Saturday. Lieutenant General Qamar Javed Bajwa will replace
Published 28 Nov, 2016 12:00am
THE RUPEE: easier trend
Currency

THE RUPEE: easier trend

On the back of rising demand for dollars, the rupee lost its value in relation to the dollar during the week, ended on November 26, 2016.
Published 28 Nov, 2016 12:00am
THE RUPEE: easier trend
Currency

THE RUPEE: easier trend

On the back of rising demand for dollars, the rupee lost its value in relation to the dollar during the week, ended on November 26, 2016.
Published 28 Nov, 2016 12:00am
The Weather

The Weather

The weather report on Sunday (November 27, 2016) and the forecast for Monday (November 28, 2016).

Published 28 Nov, 2016 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (November 21 to 25 2016).

Published 28 Nov, 2016 12:00am
Human rights defenders: civil society concerned over shrinking space

Human rights defenders: civil society concerned over shrinking space

Human rights defenders, civil society and labour rights activists on Sunday unanimously decided to strengthen their own ranks so that they can tackle threats from government's security agencies, non-state actors, political parties' rowdiness and mafias, w
Published 28 Nov, 2016 12:00am
'Pakistan not isolated'

'Pakistan not isolated'

Punjab Governor Malik Muhammad Rafiq Rajwana has said that Pakistan was not isolated in the world, saying that the World is acknowledging and appreciating Pakistan's sacrifices for the establishment of durable global peace. Pakistan's armed forces have su
Published 28 Nov, 2016 12:00am
DSP traffic among two killed in target killing

DSP traffic among two killed in target killing

A deputy superintendent of traffic police (DSP) and an employee of a flour mill were shot dead and two others injured in separate incidents of firing here on Sunday. SSP Gulshan, Dr. Fahd said that armed motorcyclist opened fire at the vehicle of DSP Tra
Published 28 Nov, 2016 12:00am
'Modi can't stop a single drop of Pakistan's water'

'Modi can't stop a single drop of Pakistan's water'

Minister of State for Water and Power, Chaudhry Abid Sher Ali on Sunday said that, "Indian Prime Minister Narendra Modi will not be able to stop a single drop of Pakistan's water."
Published 28 Nov, 2016 12:00am
The state of country's economy

The state of country's economy

This is apropos a Business Recorder news item "Trade in services posts over $1bn deficit in Jul-Oct" carried by the newspaper on Saturday. According to it, trade in services posted an over $1 billion deficit during the first four months of this fi
Published 28 Nov, 2016 12:00am
Will Modi's India cash ban plan backfire?
Currency

Will Modi's India cash ban plan backfire?

Prime Minister Narendra Modi's shock decision to scrap most of India's currency was hailed by some as a masterstroke against endemic corruption, but signs are emerging that it may hit the economy hard.
Published 28 Nov, 2016 12:00am
Offshore assets Solution and recommendations - V
Currency

Offshore assets Solution and recommendations - V

In my first article on the subject the 'Panama Leaks - A blessing in disguise' published in Business Recorder on April 25, 2015, it was observed that notwithstanding all other aspects this revelation has highlighted many critical issues that were i
Published 28 Nov, 2016 12:00am
Growth and revenue collections
Cotton

Growth and revenue collections

Low Gross Domestic Product (GDP) growth rate translates into lower tax collections according to basic economic theory. However in this country with low GDP growth tax revenue is rising. Is this because tax rates have increased? Or is this because the gove
Published 28 Nov, 2016 12:00am
End of an era

End of an era

Arguably the last of the iconic figures of the twentieth century, Cuban revolutionary leader Fidel Castro's passing away at the age of 90 on November 26 represents nothing less than the end of an era. A towering figure on the world stage, Fidel will alway
Published 28 Nov, 2016 12:00am
Business Confidence Index

Business Confidence Index

The latest survey on Business Confidence Index (BCI) conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI) during September-October, 2016 period is not animating. According to its findings, business confidence had dipped by as much
Published 28 Nov, 2016 12:00am
Cuba mourns Fidel Castro

Cuba mourns Fidel Castro

Cuba mourned its revolutionary leader Fidel Castro Sunday as it prepared a four-day funeral procession for the giant figure of modern history, loved by many but branded a tyrant by others. After the stunned commotion triggered by Saturday's announcement t
Published 28 Nov, 2016 12:00am
Iran cleric jailed over execution tape

Iran cleric jailed over execution tape

The son of one of Iran's founding revolutionaries was sentenced to several years in jail Sunday after releasing a decades-old tape in which his father denounced the mass execution of prisoners, local media reported. Ahmad Montazeri, 60, was convicted by a
Published 28 Nov, 2016 12:00am
Serbia's soldiers hold first-ever protest

Serbia's soldiers hold first-ever protest

Around 1,000 Serbian army soldiers and supporters took to the streets of Belgrade Sunday to rail against low wages and poor working conditions, in the first-ever public protest of the kind, local media reported.
Published 28 Nov, 2016 12:00am
Japanese tourist allegedly raped in India

Japanese tourist allegedly raped in India

A man was arrested Sunday for allegedly raping a Japanese tourist at a popular beach resort in southern India, in the latest case of sexual assault against a visitor. The 35-year-old woman was found bleeding by hotel staff in the town of Kovalam early Sun
Published 28 Nov, 2016 12:00am
Saakashvili urges Ukrainians to rise up against government

Saakashvili urges Ukrainians to rise up against government

Some 2,000 people gathered in central Kiev on Sunday to support a call by ex regional governor Mikheil Saakashvili - also a former president of Georgia - to rise up against the Ukrainian government.
Published 28 Nov, 2016 12:00am
Militia attack kills 34 civilians in DR Congo

Militia attack kills 34 civilians in DR Congo

At least 34 civilians were killed Sunday in a flare up of ethnic violence in restive eastern Democratic Republic of Congo, authorities said, following a week of soaring tensions. "The provisional toll is 34 civilians killed," said local official Joy Bokel
Published 28 Nov, 2016 12:00am
Rouhani salutes 'relentless warrior' Castro

Rouhani salutes 'relentless warrior' Castro

Iran's President Hassan Rouhani hailed as a "relentless warrior" the Cuban leader Fidel Castro, who died aged 90 on Friday. In a message to the late leader's brother President Raul Castro, Rouhani said the death of the leader of the Cuban revolution cause
Published 28 Nov, 2016 12:00am
Brazil's president vows to veto corruption amnesty

Brazil's president vows to veto corruption amnesty

Brazilian President Michel Temer on Sunday sought to calm popular anger over claims that Congress is seeking to grant itself a corruption amnesty, saying he would veto any such measure. "It would be impossible for the president of the republic to approve
Published 28 Nov, 2016 12:00am
Former South Africa watchdog accused over leaked Zuma interview

Former South Africa watchdog accused over leaked Zuma interview

The new head of South Africa's anti-corruption watchdog has filed a criminal complaint against her predecessor for leaking an interview she conducted while probing corruption allegations against President Jacob Zuma, according to media reports.
Published 28 Nov, 2016 12:00am
Ugandan tribal king arrested after clashes kill 55

Ugandan tribal king arrested after clashes kill 55

Ugandan police stormed the palace of a tribal king and arrested him Sunday after fierce clashes between security forces and a separatist militia they believe is linked to him killed 55, police said.
Published 28 Nov, 2016 12:00am
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