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Print - 2016-12-16
Saudi legend Noor handed four-year doping ban

Saudi legend Noor handed four-year doping ban

Saudi Arabia's most capped footballer Mohammed Noor was handed a four-year ban for testing positive for amphetamine by the Court of Arbitration for Sport (CAS) on Thursday. World football's governing body FIFA had appealed a ruling by the Saudi Arabian An
Published 16 Dec, 2016 12:00am
Ronaldo hits 500th goal as Real reach final

Ronaldo hits 500th goal as Real reach final

Cristiano Ronaldo scored his 500th club goal Thursday as Real Madrid eased past Mexico's Club America 2-0 to reach the Club World Cup final in Japan. The Spanish giants will face shock finalists Kashima Antlers, the J-League champions, in Yokohama on Sund
Published 16 Dec, 2016 12:00am
Two more matches decided in Lahore Open Polo

Two more matches decided in Lahore Open Polo

Barry's and BBJ Polo Team carved out thrilling victories in the Diamond Paints Lahore Open Polo Championship 2016 league round matches played here at the Lahore Polo Club ground on Thursday. In the match first day of the match played between Barry's and G
Published 16 Dec, 2016 12:00am
Pakistan bowlers clash

Pakistan bowlers clash

Pakistan bowlers Wahab Riaz and Yasir Shah have clashed in a heated exchange during training ahead of the first Test against Australia, but team officials Thursday dismissed any internal problems. Tempers flared over a tackle during a warm-up football gam
Published 16 Dec, 2016 12:00am
Smith ton puts Australia in command on pink-ball Test

Smith ton puts Australia in command on pink-ball Test

Skipper Steve Smith scored a hundred and rookies Matt Renshaw and Peter Handscomb half-centuries as Australia took an early grip on the pink-ball first Test against Pakistan in Brisbane on Thursday. Smith, dropped on 53, showed the way as the Australians
Published 16 Dec, 2016 12:00am
Germany launches disputed return programme for Afghans

Germany launches disputed return programme for Afghans

A group of 34 Afghan asylum seekers arrived in Kabul Thursday after being deported from Germany, the first such batch to be sent back after their applications were rejected. The Afghans, all men, arrived on a chartered flight from Frankfurt, following a d
Published 16 Dec, 2016 12:00am
Six killed in blast at Mogadishu army checkpoint

Six killed in blast at Mogadishu army checkpoint

At least six people, mostly soldiers, were killed when a bomb exploded at an army checkpoint in Mogadishu, the second blast Thursday in the troubled Somali capital. "Six people, most of them soldiers, were killed (by the bomb) which was planted under a tr
Published 16 Dec, 2016 12:00am
Turkmen president nominated for third term

Turkmen president nominated for third term

Turkmenistan's President Gurbanguly Berdymukhamedov has officially become a candidate for a third term in next February's elections, state media said Thursday. Berdymukhamedov's candidacy was unanimously endorsed by the reclusive country's Democratic Part
Published 16 Dec, 2016 12:00am
Russian offers to do jail time for cash

Russian offers to do jail time for cash

A retired Russian man posting on Russia's popular classified ad website offered to serve other people's time in jail for some extra cash, the Saint Petersburg-based news website Fontanka said Thursday. The screen shot posted by Fontanka showed the ad on p
Published 16 Dec, 2016 12:00am
Family of DR Congo leader Kabila built fortune

Family of DR Congo leader Kabila built fortune

President Joseph Kabila and his family in the Democratic Republic of Congo have created a personal economic empire worth hundreds of millions of dollars, the Bloomberg News agency reported Thursday. "Together the Kabilas have built a network of businesses
Published 16 Dec, 2016 12:00am
China boosts defences on South China Sea islets: US experts

China boosts defences on South China Sea islets: US experts

New satellite imagery shows China has apparently installed "significant" defensive weapons on a series of artificial islands it built in the South China Sea, a US-based think tank said Wednesday. Beijing has created seven islets in the Spratly Islands in
Published 16 Dec, 2016 12:00am
Rocket launches eight tiny NASA satellites to study hurricanes

Rocket launches eight tiny NASA satellites to study hurricanes

A rocket on Thursday propelled into orbit eight tiny NASA satellites meant to peer deeply into hurricanes and help scientists better understand how they gain force, the US space agency said. NASA's Cyclone Global Navigation Satellite System mission, or CY
Published 16 Dec, 2016 12:00am
Hitler house expropriated in Austria

Hitler house expropriated in Austria

Austrian MPs have approved the expropriation of the house where Hitler was born, ending years of bitter legal wrangling, but it was unclear Thursday what will now happen to the building. A large majority approved the new law late Wednesday, submitted by t
Published 16 Dec, 2016 12:00am
Putin, Abe hold hot spring meet on WWII island row

Putin, Abe hold hot spring meet on WWII island row

Japan and Russia on Thursday hunkered down to try and make progress towards a peace treaty formally ending World War II hostilities hamstrung by a decades-old territorial dispute. Prime Minister Shinzo Abe is hosting President Vladimir Putin at a hot spri
Published 16 Dec, 2016 12:00am
Some poor Venezuelan parents give away children amid deep crisis

Some poor Venezuelan parents give away children amid deep crisis

Struggling to feed herself and her seven children, Venezuelan mother Zulay Pulgar asked a neighbour in October to take over care of her six-year-old daughter, a victim of a pummelling economic crisis. The family lives on Pulgar's father's pension, worth $
Published 16 Dec, 2016 12:00am
Leaders must sort out Brexit negotiating stance: May

Leaders must sort out Brexit negotiating stance: May

Prime Minister Theresa May said on Thursday it was right for EU leaders to discuss Brexit without her over dinner, suggesting they needed time to sort out their position and prepare for Britain's divorce negotiations. At the start of a summit which EU lea
Published 16 Dec, 2016 12:00am
Erdogan discusses Syria with Putin, Obama

Erdogan discusses Syria with Putin, Obama

Turkish President Recep Tayyip Erdogan said Thursday that he discussed the situation in Syria's Aleppo "several times" with his Russian and US counterparts Vladimir Putin and Barack Obama. Erdogan's statement came as hundreds of civilians and rebels left
Published 16 Dec, 2016 12:00am
Cotton falls as dollar strengthens after Fed rate hike
Cotton

Cotton falls as dollar strengthens after Fed rate hike

ICE cotton futures dipped on Wednesday, after touching a three-week high in the previous session, as the dollar gained in strength after the US Federal Reserve raised interest rates for the first time this year. "(Cotton) prices started dropping from 2 pm
Published 16 Dec, 2016 12:00am
Shanghai copper up

Shanghai copper up

The most-traded copper contract on the Shanghai Futures Exchange was up 0.54 percent at 46,790 yuan ($6,747) a tonne on Thursday after the US raised interest rates for the first time this year. ShFE zinc was up 2.3 percent, while Shanghai nickel edged 0.4
Published 16 Dec, 2016 12:00am
Copper steadies, but dollar strength and inventories weigh

Copper steadies, but dollar strength and inventories weigh

Copper steadied on Thursday, recovering from early losses triggered by a rising dollar and higher inventories that cast doubt over demand strength and expectations of tighter supply. Benchmark copper on the London Metal Exchange ended the session 0.2 perc
Published 16 Dec, 2016 12:00am
Oil prices turn positive on technicals, Opec delivery cuts

Oil prices turn positive on technicals, Opec delivery cuts

Oil prices reversed earlier losses and turned slightly positive on Thursday after failing to break below technical support levels and as Opec members told customers they would cut crude supplies as part of the cartel's agreement to reduce output.
Published 16 Dec, 2016 12:00am
Rubber jumps

Rubber jumps

Benchmark Tokyo rubber futures surged to three-year highs on Thursday, extending gains into a fifth session, as speculators stayed on buying spree, but the market cut some of earlier gains as Shanghai came under pressure in late trade due to profit-taking
Published 16 Dec, 2016 12:00am
Malaysian palm oil hits 4-1/2-year high
Currency

Malaysian palm oil hits 4-1/2-year high

Malaysian palm oil futures rose to the highest in 4-1/2-years on Thursday evening, charting a third straight session of gains on a weaker ringgit and tight supplies. Palm saw three straight sessions of declines last week, pulling back from its highest lev
Published 16 Dec, 2016 12:00am
Cocoa futures fall back on strong dollar, port arrivals
Currency

Cocoa futures fall back on strong dollar, port arrivals

New York cocoa futures fell back on Thursday after three days of gains, following the US Federal Reserve's increase in interest rates which strengthened the dollar, making commodities denominated in the currency relatively more expensive.
Published 16 Dec, 2016 12:00am
Gold tumbles in New York

Gold tumbles in New York

Gold turned lower and tapped the lowest in more than 10 months on Wednesday, after the Federal Reserve raised US interest rates by a quarter point and signalled a faster pace of increases next year, causing the US dollar to rally. The Fed ended its two-da
Published 16 Dec, 2016 12:00am
Gold falls in Asia

Gold falls in Asia

Gold dropped to its lowest in over 10 months on Thursday as the dollar surged to its highest in 14 years after the US Federal Reserve raised interest rates for the first time in a year and signalled more rate hikes in 2017. Spot gold had edged down 0.2 pe
Published 16 Dec, 2016 12:00am
Gold slides to 10-month low in Europe
Currency

Gold slides to 10-month low in Europe

Gold hit its lowest since early February on Thursday after the Federal Reserve sounded an unexpectedly hawkish note on US interest rates, sparking a surge in Treasury yields and sending the dollar to a 14-year high. Lifting the federal funds rate to a 0.5
Published 16 Dec, 2016 12:00am
Norway launches mature-areas oil licensing round

Norway launches mature-areas oil licensing round

Norway launched its 2017 licensing round for so-called mature areas on Tuesday, allowing oil and gas firms access to up to 87 new offshore exploration blocks, Minister of Petroleum and Energy Tord Lien said in a statement. Known as licensing of pre-define
Published 16 Dec, 2016 12:00am
Private sector can help achieve required GDP growth rate: APBF chief

Private sector can help achieve required GDP growth rate: APBF chief

All Pakistan Business Forum President Ibrahim Qureshi has said the private sector can play role in investment and job creation to achieve the required seven percent GDP growth rate in the country, as the private sector knows the art of making markets work
Published 16 Dec, 2016 12:00am
118 heritage sites on Green Line route marked for renovation

118 heritage sites on Green Line route marked for renovation

As many as 118 heritage sites and buildings on the route of ongoing green line project have been marked for renovation, refurbishment and improvement to beautify and sustain their historical importance. This was informed in a meeting presided over by the
Published 16 Dec, 2016 12:00am
Hearing adjourned on reference against Imran

Hearing adjourned on reference against Imran

The Election Commission of Pakistan (ECP) on Thursday adjourned the hearing of a references filed for disqualification of Chairman Pakistan Tehreek-e-Insaf Imran Khan and PTI General Secretary Jehangir Khan Tareen till Dec 26. Chief Election Commissioner
Published 16 Dec, 2016 12:00am
KP NAB arrests banker, two others for corruption in WWB land acquisition

KP NAB arrests banker, two others for corruption in WWB land acquisition

National Accountability Bureau (NAB) Khyber Pakhtunkhwa arrested Tehsin Ullah Manager NIB Bank, Ijaz Hussain and Ghulam Rasool owners of the land for not confirmation of BBA from Peshawar High Court (PHC). They are allegedly involved in corruption and cor
Published 16 Dec, 2016 12:00am
NIP CEO appointed in violation of rules?

NIP CEO appointed in violation of rules?

Ministry of Industries and Production (MoI&P) has reportedly appointed chief executive officer (CEO) of National Industrial Parks & Management Company (NIP) in violation of rules, well-informed sources told Business Recorder on Thursday. The NIP ha
Published 16 Dec, 2016 12:00am
Sherpao pays tribute to APS martyrs

Sherpao pays tribute to APS martyrs

Qaumi Watan Party Chairman Aftab Ahmed Khan Sherpao while paying glowing tribute to the martyrs of Army Public School has said that their sacrifices had vindicated the reality that even the worst oppression could not defeat a nation. QWP chief said that A
Published 16 Dec, 2016 12:00am
Dry, cold weather likely today

Dry, cold weather likely today

The Met Office on Thursday forecast mainly dry and cold weather for the entire country in the next 24 hours. It said that the plain areas of Punjab, Khyber Pakhtunkhwa and Upper Sindh were likely to remain under dense fog particularly evening and morning
Published 16 Dec, 2016 12:00am
Call for applying principles of MNEs Declaration

Call for applying principles of MNEs Declaration

The contribution of business to inclusive growth and sustainable development can be maximised in Pakistan by promoting and applying the principles of MNEs Declaration to domestic companies and their supply chains. This was stated by Khawaja Muhammad Nauma
Published 16 Dec, 2016 12:00am
NAB to compile study on construction industry regulations: DG

NAB to compile study on construction industry regulations: DG

Director General, National Accountability Bureau (NAB) Sindh Lieutenant Colonel Siraj ul Naeem (Retd) said that the Bureau would compile its study regarding construction industry and forward to the government of Sindh for formulating and improving regulat
Published 16 Dec, 2016 12:00am
Five-day international book fair 2016 starts

Five-day international book fair 2016 starts

International book fair 2016 organised by the Pakistan Publishers and Book Sellers Association in association with National Book Foundation has started at Karachi Expo Center on Thursday. It is 12th exhibition, where local and foreign publishers are showc
Published 16 Dec, 2016 12:00am
New Sindh governor discharged from hospital

New Sindh governor discharged from hospital

The newly appointed Sindh Governor former Justice Saeed-uz-Zaman was discharged on Thursday from the hospital after 35 days and he went back to the Governor House. Three days after being sworn in on November 11, the Sindh Governor was admitted to the hosp
Published 16 Dec, 2016 12:00am
MQM-P MPA Kamran Farooqi arrested in May 12 case

MQM-P MPA Kamran Farooqi arrested in May 12 case

Law Enforcement Agencies (LEAs) arrested a member Sindh Assembly Kamran Farooqi who was nominated in May 12 case while acting in North Nazimabad. Confirming Kamran's arrest, the spokesman for MQM Pakistan has said that Kamran was arrested from his residen
Published 16 Dec, 2016 12:00am
Eurasia Conference called pivotal for training of young scholars

Eurasia Conference called pivotal for training of young scholars

Speakers at the "14th Eurasia Conference on Chemical Sciences (EuAsC2S-14)" spoke on Pakistan, its role in the region and importance of some of its institutions. National and international scientists spoke at the inaugural ceremony of the 4-day internatio
Published 16 Dec, 2016 12:00am
SBP says branchless banking far ahead of commercial one

SBP says branchless banking far ahead of commercial one

The State Bank of Pakistan (SBP) has advised conventional banks to re-design their future strategy to remain in the business, as outpaced progress by branchless banking is challenging them. "You {conventional banks} need to re-make your future strategy ve
Published 16 Dec, 2016 12:00am
Oman Air wins Economy Class Award 2016

Oman Air wins Economy Class Award 2016

Oman Air has been awarded World's Leading Airline Economy Class, at the World Travel Awards, for the third consecutive year. The airline competed with 17 other carriers including some of the best-known names in aviation field. The carrier had already won
Published 16 Dec, 2016 12:00am
Provinces urged to introduce premarital blood screening for thalassemia

Provinces urged to introduce premarital blood screening for thalassemia

Executive Director of Afzaal Memorial Thalassemia Foundation (AMTF), Ateeq Ur Rehman, has urged the provincial chief ministers to introduce legislation in their respective provinces for mandatory blood screening for thalassemia before marriage to save the
Published 16 Dec, 2016 12:00am
PML-Q leader blames government for heavy debt

PML-Q leader blames government for heavy debt

Pakistan Muslim League-Q senior leader Chaudhry Parwaiz Elahi on Thursday said the country was under heavy debt and also facing isolation among the comity of nations due to flawed policies of present government. Speaking at Christmas cake cutting ceremony
Published 16 Dec, 2016 12:00am
Awareness workshop on EU Erasmus-Plus programme held

Awareness workshop on EU Erasmus-Plus programme held

Roughly 3,000 scholarships were funded for Asian students but only 57 of those came from Pakistan as compared to around 500 from India in year 2016, the EU representative in Pakistan, Anne Kofoed said. Speaking at a workshop organised by the University of
Published 16 Dec, 2016 12:00am
Government says it's keen to promote 'culture of respect'

Government says it's keen to promote 'culture of respect'

"The government is firmly committed to promote culture of respect of human rights in the country. In particular, it understands that the society cannot progress unless and until women dedicate their maximum potentials and capacity towards the process of n
Published 16 Dec, 2016 12:00am
Nine die in road mishaps across Punjab

Nine die in road mishaps across Punjab

Total 609 road accident were reported in Provincial Monitoring Cell of the Punjab Emergency Service (Rescue 1122) in all 36 Districts of Punjab during the last 24 hours, killing nine and injuring 494, who were shifted to different hospitals of relevant di
Published 16 Dec, 2016 12:00am
'PBS conducting census of manufacturing industries 2015-16'

'PBS conducting census of manufacturing industries 2015-16'

"Pakistan Bureau of Statistics (PBS) is conducting census of manufacturing industries 2015-2016 with technical support from the Urban Unit in geo tagging of industries." The Bureau's Deputy Director General, Dr Jan stated this while speaking at a workshop
Published 16 Dec, 2016 12:00am
LUMS says it won't allow drugs use on its campus

LUMS says it won't allow drugs use on its campus

Reacting to the impression that students of the Lahore University of Management Sciences (LUMS) are using drugs, which also claimed the life of Shahmir Asif Bajwa, the administration on Thursday made it clear that no such activity takes place on the premi
Published 16 Dec, 2016 12:00am
Punjab NAB reassures expat victims of housing scam

Punjab NAB reassures expat victims of housing scam

On the initiative of Overseas Pakistanis Commission (OPC) Punjab, National Accountability Bureau (NAB) Punjab has nominated its Deputy Director (Operations) Muhammad Mazhar Javed as Focal Person to Co-ordinate with OPC for resolution of expats problems re
Published 16 Dec, 2016 12:00am
Entry roads of Faisalabad being modernised

Entry roads of Faisalabad being modernised

The important entry roads of the city would be made modern by the District Administration and special campaign has been launched for the cleanliness and beautification of these important entry roads in a phase programme. During the campaign, these roads w
Published 16 Dec, 2016 12:00am
LCCI seeks uniform power and gas tariffs

LCCI seeks uniform power and gas tariffs

The industry in Punjab is fast heading towards the total closure only because of high cost of gas and electricity. The Lahore Chamber of Commerce and Industry (LCCI) Executive Committee observed this in a meeting presided over by the LCCI president Abdul
Published 16 Dec, 2016 12:00am
PIAF urges government to take action to end dollar shortage
Currency

PIAF urges government to take action to end dollar shortage

The Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to take action against shortage of dollar in local market, besides controlling surge of dollar against rupee. PIAF Chairman Irfan Iqbal Sheikh in a statement on Thursda
Published 16 Dec, 2016 12:00am
Archroma receives Eco-innovation Award

Archroma receives Eco-innovation Award

Archroma, a global leader in color and specialty chemicals, received the Award for Eco-innovation from WWF-Pakistan at the organisation's Annual Green Office Network meeting in Karachi. The Eco-innovation Award is a recognition of Archroma's continuous ef
Published 16 Dec, 2016 12:00am
Honda Atlas Cars holds free medical camp

Honda Atlas Cars holds free medical camp

In continuation with the efforts for social uplift and community service of rural and less privileged areas, a one-day free medical camp was arranged by Honda Atlas Cars (Pakistan) Limited at Kot Asad Ullah, Multan Road, Lahore on December 11th 2016.
Published 16 Dec, 2016 12:00am
AIOU, Pakistan Post sign agreement

AIOU, Pakistan Post sign agreement

A central agreement of all departments and regions of Allama Iqbal Open University (AIOU) Islamabad has been signed between Pakistan Post and the AIOU under the leadership of PMG Northern Punjab circle Rawalpindi Sami Ullah Khan. This landmark achievement
Published 16 Dec, 2016 12:00am
PML-N minister defends Nawaz's statement in NA

PML-N minister defends Nawaz's statement in NA

Pakistan Muslim League-Nawaz (PML-N) government owns and takes responsibility for each and every word of Prime Minister Nawaz Sharif's political statement about his family's assets abroad in the aftermath of Panama Leaks, which was given on the floor of t
Published 16 Dec, 2016 12:00am
SC makes public report of Quetta hospital suicide attack

SC makes public report of Quetta hospital suicide attack

The Supreme Court on Thursday made public the report of one-man judicial commission, comprising Justice Qazi Faez Isa, constituted to investigate a suicide attack in the premises of a Quetta hospital. The Commission worked for 56 continuous days to finali
Published 16 Dec, 2016 12:00am
Australian delegation calls on SAU vice chancellor

Australian delegation calls on SAU vice chancellor

Australian Delegation has visited Sindh Agriculture University Tandojam to strengthen linkages between Universities of Australia and SAU to implement the ASLP Integrated Activities for increasing animal production, nutrition and social economic developmen
Published 16 Dec, 2016 12:00am
Three alleged terrorists killed in Rangers operation

Three alleged terrorists killed in Rangers operation

At least three alleged terrorists were killed in an intelligence-driven targeted raid by Rangers personnel at Yousaf Goth, in the wee hours of Thursday. According to a paramilitary spokesperson, two personnel were also injured due to firing by the miscrea
Published 16 Dec, 2016 12:00am
ITU launches Executive MBA in Innovation, Technology & Entrepreneurship

ITU launches Executive MBA in Innovation, Technology & Entrepreneurship

Information Technology University (ITU) Lahore's School of Business and Management has launched Executive MBA in Innovation, Technology and Entrepreneurship (EMBITE). It is the first programme in Pakistan designed specifically to provide skills and knowle
Published 16 Dec, 2016 12:00am
ECC okays Steel Mill employees' salaries

ECC okays Steel Mill employees' salaries

The Economic Co-ordination Committee (ECC) of the Cabinet on Thursday approved one-and-a-half-months salaries for the Pakistan Steel Mills employees. A meeting of the ECC chaired by Finance Minister Ishaq Dar was submitted a proposal by Privatisation Comm
Published 16 Dec, 2016 12:00am
PTI urges Nawaz to clarify his Panamagate remarks in Parliament

PTI urges Nawaz to clarify his Panamagate remarks in Parliament

Pakistan Tehreek-e-Insaf (PTI) Thursday urged Prime Minister Nawaz Sharif to turn up in the Parliament to clarify his statement in the National Assembly about the money trail for his family's assets abroad, which he changed altogether before the Supreme C
Published 16 Dec, 2016 12:00am
NTC, Telecard Limited sign memo on developing business

NTC, Telecard Limited sign memo on developing business

National Telecommunication Corporation (NTC) and Telecard Limited signed a memorandum of understanding (MoU) on Thursday to co-operate on developing business and providing/support of solutions in ICT for government sector under Telecom Policy 2015. Managi
Published 16 Dec, 2016 12:00am
FBR wing detects unregistered cigarette factory in Buner

FBR wing detects unregistered cigarette factory in Buner

The Directorate General Intelligence and Investigation (I&I) Inland Revenue (IR), Federal Board of Revenue (FBR), has detected an unregistered cigarette manufacturing factory in small mountain valley of district Buner, Khyber Pakhtunkhawa (KP), using mach
Published 16 Dec, 2016 12:00am
Flight kitchen at NIIA must not abuse monopoly position, CCP tells CAA

Flight kitchen at NIIA must not abuse monopoly position, CCP tells CAA

The Competition Commission of Pakistan (CCP) Thursday issued an opinion to the Civil Aviation Authority that the CAA must ensure that the single flight kitchen at New Islamabad International Airport would never at any point abuse its monopoly position.
Published 16 Dec, 2016 12:00am
Investiture ceremony held at Air HQs

Investiture ceremony held at Air HQs

An Investiture Ceremony was held at Air Headquarters, Islamabad, in which Non Operational Military awards were conferred upon Officers, Airmen and Civilians of Pakistan Air Force for their distinguished services. Air Marshal Asad Lodhi, Vice Chief of the
Published 16 Dec, 2016 12:00am
Malik Faheem promoted to Air Vice Marshal

Malik Faheem promoted to Air Vice Marshal

The Government of Pakistan has promoted Air Commodore Malik Faheem Ullah to the rank of Air Vice Marshal. Air Vice Marshal Malik Faheem Ullah was commissioned in GD (P) Branch of Pakistan Air Force in January, 1988. He is a qualified Flying Instructor. Du
Published 16 Dec, 2016 12:00am
ISI DG holds farewell meeting with Prime Minister

ISI DG holds farewell meeting with Prime Minister

Director General Inter-Services Intelligence (ISI) Lieutenant General Rizwan Akhter held a farewell meeting with Prime Minister Nawaz Sharif on Thursday. Lieutenant General Rizwan Akhter met the premier at PM House Islamabad. Both discussed the internal a
Published 16 Dec, 2016 12:00am
10 S&T parks needed to meet modern world requirements: HEC

10 S&T parks needed to meet modern world requirements: HEC

The Higher Education Commission (HEC) informed a parliamentary panel here on Thursday that the country requires up to 10 science & technology parks to meet the modern world requirements. The Sub-committee of the Senate Standing Committee on Federal Educat
Published 16 Dec, 2016 12:00am
110 Afghan boys & girls receive diplomas

110 Afghan boys & girls receive diplomas

110 young Afghan boys and girls received their diplomas after successfully completing one year intense course in various allied medical disciplines. A Diploma Awarding ceremony took place at PIMS Auditorium, which was attended by the officials of Governme
Published 16 Dec, 2016 12:00am
Pak Suzuki MD discusses future investment with Dar

Pak Suzuki MD discusses future investment with Dar

Managing Director of Pak Suzuki Motors Hirofumi Nagao called on the Finance Minister, Senator Mohammad Ishaq Dar here on Thursday and discussed his company's plan of future investment in Pakistan. The MD of Pak Suzuki Motors said that his company is ready
Published 16 Dec, 2016 12:00am
CPEC to usher new era of development: Mamnoon

CPEC to usher new era of development: Mamnoon

President Mamnoon Hussain on Thursday said, "China Pakistan Economic Corridor (CPEC) project would usher a new era of industrial and technological revolution, prosperity and development in Pakistan." Addressing students of Ghulam Ishaq Khan Institute (GIK
Published 16 Dec, 2016 12:00am
Seven special Christmas bazaars to be set up: DCO

Seven special Christmas bazaars to be set up: DCO

As many as seven special Christmas bazaars would be established in Faisalabad district in order to provide essential commodities to the Christian community on subsidised prices for the celebrations of Christmas. Talking to newsmen, DCO Salman Ghani mentio
Published 16 Dec, 2016 12:00am
Government slammed for not reconstituting parliamentary body

Government slammed for not reconstituting parliamentary body

The opposition lawmakers in Senate on Thursday came down hard on the government for its delaying tactics in reconstitution of Parliamentary Committee on National Security, terming it an attempt to undermine the Parliament. Speaking on a motion moved by so
Published 16 Dec, 2016 12:00am
Rabbani highlights strategic significance of Gilgit-Baltistan

Rabbani highlights strategic significance of Gilgit-Baltistan

Chairman Senate Raza Rabbani said on Thursday that giving constitutional status to people of Gilgit-Baltistan is not an issue of the government, rather it is a sensitive and complicated matter linked to Kashmir. He made this observation in response to bri
Published 16 Dec, 2016 12:00am
Two killed in gas cylinder explosion

Two killed in gas cylinder explosion

Two persons died and another injured when a gas cylinder exploded, here on Thursday. As per details, a leaking LPG cylinder exploded and the blaze that followed killed and injured the family members who were sleeping in their home.
Published 16 Dec, 2016 12:00am
Agenda items deferred by Cabinet

Agenda items deferred by Cabinet

The federal cabinet on Thursday deferred agenda items of the meeting to discuss the prevailing political situation in the country and the four demands of Pakistan People's Party. Sources said the government faced stiff resistance from its allies to the pr
Published 16 Dec, 2016 12:00am
Justice Saqib for gradual implementation of ADR

Justice Saqib for gradual implementation of ADR

Speaking to the full court reference for the outgoing Chief Justice Anwar Zaheer Jamali on Thursday, the designated-Chief Justice of Pakistan Justice Mian Saqib Nisar underscored the need for gradual implementation of Alternative Dispute Resolution (ADR)
Published 16 Dec, 2016 12:00am
Opposition-sponsored Panama Papers bill approved by Senate

Opposition-sponsored Panama Papers bill approved by Senate

Amid an exchange of harsh words between treasury and opposition lawmakers, the Senate on Thursday passed the opposition-sponsored bill titled 'Panama Papers Inquiries Act, 2016' with some minor amendments, seeking constitution of a judicial commission to
Published 16 Dec, 2016 12:00am
SAPT agrees to slash fee for opening of Let Pass account

SAPT agrees to slash fee for opening of Let Pass account

South Asia Pakistan Terminal (SAPT) has principally agreed to slash the fee for the opening of Let Pass account to pay terminal charges by 80 percent. Talking to Business Recorder, Arshad Jamal senior vice chairman All Pakistan Customs Agents Assoc
Published 16 Dec, 2016 12:00am
PPP leaders say opposition again tabling privilege motion in NA today

PPP leaders say opposition again tabling privilege motion in NA today

Pakistan Peoples Party's leaders Chaudhry Aitzaz Ahsan and Syed Naveed Qamar said on Thursday night that the Opposition would again table the privilege motion in the National Assembly on Friday (today). Speaking at Aaj News talk show 'Faisla Aap Ka,' host
Published 16 Dec, 2016 12:00am
Pakistan supports WTO system to settle international disputes

Pakistan supports WTO system to settle international disputes

Secretary, Board of Investment (BOI), Azher Ali Choudhary, supported World Trade Organisation (WTO) system which would be a better option for international dispute settlement by expanding the scope of WTO to include investment disputes through the negotia
Published 16 Dec, 2016 12:00am
'Absurd' remarks by Indian home minister condemned by FO

'Absurd' remarks by Indian home minister condemned by FO

The Foreign Office on Thursday took strong note of Indian Home Minister's assertion of "dividing Pakistan into 10 parts," describing it as vindication of Pakistan's longstanding stance about Indian state-sponsored terrorism in Pakistan for destabilising t
Published 16 Dec, 2016 12:00am
HASSAN ABBAS

HASSAN ABBAS

All Pakistan Textile Mills Association (APTMA) on Thursday stressed his hope that chief minister Punjab Shahbaz Sharif will save the textile industry of Punjab from closure by fighting its case of providing gas to the industry of the Punjab on Rs 400 per
Published 16 Dec, 2016 12:00am
US MIDDAY: soya futures rally

US MIDDAY: soya futures rally

US soyabean futures rose on Thursday, turning higher after testing key technical support levels, traders said. Corn and wheat futures weakened on a mild round of profit-taking. Wheat had risen for the previous five days while corn was coming off a four se
Published 16 Dec, 2016 12:00am
US MIDDAY: gold slides
Currency

US MIDDAY: gold slides

Gold fell more than 1 percent to a 10-1/2-month low on Thursday after the Federal Reserve sounded an unexpectedly hawkish note on US interest rates, sparking a surge in Treasury yields and sending the dollar to a 14-year high. Lifting the federal funds ra
Published 16 Dec, 2016 12:00am
PM's take on Baluchistan

PM's take on Baluchistan

Apropos a Business Recorder news item "Baluchistan uplift means 'New Pakistan in making': PM" carried by the newspaper yesterday, the prime minister said the dream of Baluchistan prosperity is being realised with completion of several development p
Published 16 Dec, 2016 12:00am
Catch me if you can

Catch me if you can

With the Supreme Court (SC) holding almost daily hearings pertaining to the "Panama Leaks" beginning Nov 1, aspirations were high among all Pakistanis that a closure for the festering sore affecting the country's well-being for nearly 8 months was imminen
Published 16 Dec, 2016 12:00am
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