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Print - 2016-12-18
Global nickel market moves to small surplus

Global nickel market moves to small surplus

The global nickel market moved to a surplus of 900 tonnes in October from a deficit of 500 tonnes the previous month, the International Nickel Study Group said on Thursday. Mine production in October fell 13 percent to 158,600 tonnes, after production in
Published 18 Dec, 2016 12:00am
Democrats to US commodities regulator: finish Dodd-Frank rules

Democrats to US commodities regulator: finish Dodd-Frank rules

Influential Senate Democrats on Wednesday blasted the US Commodity Futures Trading Commission for putting off a final rule to limit positions that traders can hold in commodity markets and pressed its outgoing chairman to finish up post-financial crisis r
Published 18 Dec, 2016 12:00am
Why are soyabean futures above $10?

Why are soyabean futures above $10?

As 2016 comes to a close, many fundamental aspects of the soyabean market are very similar to one year ago - large crops, large carryout, and robust demand. But the market is behaving as if this year is vastly different. Today, funds hold a net long soyab
Published 18 Dec, 2016 12:00am
Uber fires back at California DMV in self-driving car spat

Uber fires back at California DMV in self-driving car spat

Uber Technolgies Inc on Friday again defied a demand by California regulators that the ride-services firm apply for a permit to test self-driving cars, setting up a possible legal battle. Uber said its self-driving cars, unveiled to the public on Wednesda
Published 18 Dec, 2016 12:00am
Job cuts announced by European banks tumble in 2016

Job cuts announced by European banks tumble in 2016

Job cuts announced by European banks have tumbled in 2016, as they work through a backlog of layoffs unveiled in previous years and struggle to find new areas where they can trim staff without threatening profitable operations. Some industry watchers say
Published 18 Dec, 2016 12:00am
Vivendi denies plan to take over Italian broadcaster Mediaset

Vivendi denies plan to take over Italian broadcaster Mediaset

Vivendi denied on Saturday it was planning to take over Mediaset after buying a fifth of the Italian broadcaster in a move that has riled the government and stoked an ongoing row between the companies over a pay-TV deal. Vivendi, led by French billionaire
Published 18 Dec, 2016 12:00am
Koch escalates tax reform battle with report on gasoline prices

Koch escalates tax reform battle with report on gasoline prices

A Koch Industries-funded report warned on Friday US gasoline prices would rise if Congress passed a Republican proposal to adjust US corporate tax rates to favour exports over imports, escalating a lobbying battle over the measure. The report by energy co
Published 18 Dec, 2016 12:00am
Volkswagen agrees to pay $200 million into US pollution reduction fund

Volkswagen agrees to pay $200 million into US pollution reduction fund

Volkswagen AG has agreed to pay more than $200 million into a fund created to cut diesel pollution, part of its agreement over about 80,000 3.0-liter diesel vehicles that emitted more than the US legal limit, a person briefed on the settlement told Reuter
Published 18 Dec, 2016 12:00am
Monetary economics not broken in Europe, says ECB's Lane

Monetary economics not broken in Europe, says ECB's Lane

Monetary economics has not broken down in the euro zone and a gradual recovery from the bloc's debt crisis will allow interest rates eventually to normalise, European Central Bank governing council member Philip Lane told an Irish newspaper on Saturday. A
Published 18 Dec, 2016 12:00am
Wage deal reached at Chile Codelco's Chuquicamata mine

Wage deal reached at Chile Codelco's Chuquicamata mine

Workers at Chilean state-owned Codelco's massive Chuquicamata copper mine accepted on Friday an early wage deal, putting to rest what some industry insiders had feared could be prolonged, tense talks and even the threat of a strike. The wage talks at Chuq
Published 18 Dec, 2016 12:00am
Airbnb seeks to raise an additional $153 million

Airbnb seeks to raise an additional $153 million

Airbnb Inc is looking to raise an additional $153 million as an extension of a recent funding round, boosting its coffers as the company pushes forward with global expansion. Airbnb on Friday authorized the sale of up to $153 million in equity to investor
Published 18 Dec, 2016 12:00am
Stronger year-end German economy will push into 2017: Ifo

Stronger year-end German economy will push into 2017: Ifo

The German economy will rebound more strongly than previously expected in the fourth quarter and this growth momentum will carry through into 2017, one of Germany's leading forecasting groups said on Friday. The projection, by the Ifo Institute, comes aft
Published 18 Dec, 2016 12:00am
Spain seeks to shorten its long work day

Spain seeks to shorten its long work day

Spain wants to put an end to its distinctive and gruelling work day which hurts productivity - and it may move the country's clocks back by one hour to the same time zone as London's to do so. Labour Minister Fatima Banez vowed Monday to seek a "national
Published 18 Dec, 2016 12:00am
Eiffel Tower strike extends into holiday season

Eiffel Tower strike extends into holiday season

The festive season in Paris kicked off Saturday without any tourist trips to the iconic Eiffel Tower, where a labour strike ground on for a fifth day. Unions leading the work stoppage by the 300-strong staff are not demanding wage increases but are protes
Published 18 Dec, 2016 12:00am
Goldman Sachs to settle US rate-rigging lawsuit for $56.5 million

Goldman Sachs to settle US rate-rigging lawsuit for $56.5 million

Goldman Sachs Group Inc has agreed to pay $56.5 million to resolve a US class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553 trillion derivatives market. The proposed settlement was disclosed in papers fi
Published 18 Dec, 2016 12:00am
EU sees Japan free-trade deal in early 2017

EU sees Japan free-trade deal in early 2017

The European Union said on Saturday it is close to an agreement with Japan on a free-trade deal that has taken on greater significance after President-elect Donald Trump announced US plans to withdraw from a separate pact with Pacific nations. In a statem
Published 18 Dec, 2016 12:00am
Greece approves pension handout defying eurozone

Greece approves pension handout defying eurozone

Greek lawmakers on Thursday approved a pension handout that has set the country on a collision course with hardline European creditors who accuse the struggling eurozone member of defiance. A total of 196 lawmakers out of 257 present from across the party
Published 18 Dec, 2016 12:00am
Ethiopia inaugurates dam to double energy output
Cotton

Ethiopia inaugurates dam to double energy output

Ethiopia on Saturday inaugurated a hydroelectric dam that aims to double the country's electricity output, but which critics say is a threat to locals and a UNESCO-listed lake in Kenya. The Gibe III dam, which reaches 243 metres (800 feet) in height, is t
Published 18 Dec, 2016 12:00am
Political shocks boost European bond trading volume

Political shocks boost European bond trading volume

Britain's vote to leave the European Union and Donald Trump's US presidential election victory have given an unusual seasonal boost to European bond trading volume, figures showed on Tuesday. The surge in activity around the US election meant November was
Published 18 Dec, 2016 12:00am
Russian shares to extend rally into 2017

Russian shares to extend rally into 2017

Russian shares are forecast to rise around 13 percent from now until the end of next year as the economy returns to growth and higher oil prices draw in investors, a Reuters poll showed. An easing of tight Russian monetary policy could also lift shares, b
Published 18 Dec, 2016 12:00am
TSX gains as higher oil, steady gold boost resource stocks

TSX gains as higher oil, steady gold boost resource stocks

Canada's main stock index rose on Friday as higher oil prices boosted heavyweight energy stocks and gold miners recovered as the price of bullion steadied. The most influential gainers included major energy producer Canadian Natural Resources Ltd, which r
Published 18 Dec, 2016 12:00am
Investment focus Steadfast stockpickers the high flyers of 2016

Investment focus Steadfast stockpickers the high flyers of 2016

Correctly predicting the outcome of June's Brexit vote and last month's US presidential election was no guarantee of stock market success in a tumultuous 2016 of whipsawing asset prices and extremes in investor sentiment. The fund managers who did manage
Published 18 Dec, 2016 12:00am
Investment focus Steadfast stockpickers the high flyers of 2016

Investment focus Steadfast stockpickers the high flyers of 2016

Correctly predicting the outcome of June's Brexit vote and last month's US presidential election was no guarantee of stock market success in a tumultuous 2016 of whipsawing asset prices and extremes in investor sentiment. The fund managers who did manage
Published 18 Dec, 2016 12:00am
Egypt plans $2.5-3 billion Eurobond by mid-January
Currency

Egypt plans $2.5-3 billion Eurobond by mid-January

Egypt plans to issue its $2.5-3 billion Eurobond by mid-January and will seek to issue another international bond of a similar value in the second half of 2017, state news agency MENA quoted Finance Minister Amr El Garhy as saying on Monday. Egypt had pla
Published 18 Dec, 2016 12:00am
Egypt plans $2.5-3 billion Eurobond by mid-January
Currency

Egypt plans $2.5-3 billion Eurobond by mid-January

Egypt plans to issue its $2.5-3 billion Eurobond by mid-January and will seek to issue another international bond of a similar value in the second half of 2017, state news agency MENA quoted Finance Minister Amr El Garhy as saying on Monday. Egypt had pla
Published 18 Dec, 2016 12:00am
China regulator to unveil new stock investment rules for insurers

China regulator to unveil new stock investment rules for insurers

China's insurance regulator will soon announce new rules to tighten control over insurance companies' stock market investment activities, local media Caixin reported. The China Insurance Regulatory Commission (CIRC) is expected to publish a new notice tha
Published 18 Dec, 2016 12:00am
US bull market seen extending into 2017 but Trump a wild card
Currency

US bull market seen extending into 2017 but Trump a wild card

The US stock market's bull run since 2009 will extend into 2017 if President-elect Donald Trump's plans to stimulate the economy with infrastructure spending and financial deregulation come to pass, according to strategists in a Reuters poll. But limiting
Published 18 Dec, 2016 12:00am
Video game goodies are new frontier for Deutsche Boerse
Currency

Video game goodies are new frontier for Deutsche Boerse

Magic armour and virtual hats will soon join Siemens, Volkswagen and other bluechips in trading on the German stock market. Deutsche Boerse on Thursday announced plans for an innovative market in video game items - weapons, artefacts and other performance
Published 18 Dec, 2016 12:00am
BoJ tops up bond buying for 1st time under new framework

BoJ tops up bond buying for 1st time under new framework

The Bank of Japan increased government bond purchases in regular market operations on Wednesday for the first since adopting its yield curve control in September, signalling its readiness to intervene against unwelcome rises in long-term interest rates. S
Published 18 Dec, 2016 12:00am
BoJ tops up bond buying for 1st time under new framework

BoJ tops up bond buying for 1st time under new framework

The Bank of Japan increased government bond purchases in regular market operations on Wednesday for the first since adopting its yield curve control in September, signalling its readiness to intervene against unwelcome rises in long-term interest rates. S
Published 18 Dec, 2016 12:00am
Tech drags Wall Street lower; China tension weighs

Tech drags Wall Street lower; China tension weighs

US stocks fell on Friday, weighed by a more than 4 percent drop in Oracle shares, while recently battered stocks in the real estate and utilities sectors posted the largest gains. Oracle dropped 4.3 percent to $39.10 after its adjusted revenue missed anal
Published 18 Dec, 2016 12:00am
Canadian dollar steadies; ends week 1.2 percent lower
Currency

Canadian dollar steadies; ends week 1.2 percent lower

The Canadian dollar steadied against its US counterpart on Friday as oil rose and investors took stock of sharp losses for the currency over the previous two days after the Federal Reserve raised interest rates. For the week, the loonie fell 1.2 percent.
Published 18 Dec, 2016 12:00am
South Africa credit rating, ANC leadership battle to weigh on rand

South Africa credit rating, ANC leadership battle to weigh on rand

South Africa's rand is expected to weaken more than five percent over the coming year in anticipation of a credit rating downgrade, further infighting in the ruling African National Congress party and the prospect of faster US interest rate rises.
Published 18 Dec, 2016 12:00am
The euro's return to parity with the dollar
Currency

The euro's return to parity with the dollar

The dollar's worldwide surge on higher US interest rates has dragged the euro below $1.04 , removing the last big chart-based hurdle to a return to parity for the first time since the single currency was launched in physical form in 2002. As the attached
Published 18 Dec, 2016 12:00am
Dollar holds near 14-year highs as rally loses steam
Currency

Dollar holds near 14-year highs as rally loses steam

The US dollar edged lower against a basket of major currencies on Friday, but still held near 14-year highs touched after Wednesday's Federal Reserve meeting, with profit-taking halting the greenback's rally. The dollar index, which measures the greenback
Published 18 Dec, 2016 12:00am
Indonesia forex reserves decline
Currency

Indonesia forex reserves decline

Indonesia's foreign exchange reserves dropped to $111.47 billion at the end of November from $115.03 billion one month earlier, Bank Indonesia (BI) said on Wednesday. November's drop of $3.5 billion in reserves was mainly caused by government foreign debt
Published 18 Dec, 2016 12:00am
US dollar net longs steady; yen shorts rise
Currency

US dollar net longs steady; yen shorts rise

US dollar net long positions were little changed this week, affirming a trend in place for the last several weeks since the election of Donald Trump as US president. The value of the dollar's net long position was $28.01 billion in the week ended December
Published 18 Dec, 2016 12:00am
Hong Kong yuan deposits fall
Currency

Hong Kong yuan deposits fall

Yuan deposits in Hong Kong, the world's biggest offshore yuan centre, fell 0.4 pct to 662.5 billion yuan ($96.22 billion) in October, the Hong Kong Monetary Authority said on Wednesday. Cross-border trade settlement amounted to 309.4 billion yuan for the
Published 18 Dec, 2016 12:00am
Swedish central bank winning currency war, but costs mounting
Currency

Swedish central bank winning currency war, but costs mounting

Presiding over one of 2016's worst performing currencies in the developed world would normally be an unwanted accolade, but for Sweden's Riksbank it is a proof its gamble on negative rates and money-printing has so far paid off. After being criticised for
Published 18 Dec, 2016 12:00am
Yuan to fall further on outflows, USD rally
Currency

Yuan to fall further on outflows, USD rally

The Chinese yuan will plumb its lowest level in nearly a decade next year on sustained capital outflows and as the dollar rallies on expectations that US interest rates will rise faster than previously thought, a Reuters poll found. The closely-managed yu
Published 18 Dec, 2016 12:00am
Khalid leads in KP National Ranking Open Golf

Khalid leads in KP National Ranking Open Golf

Khalid Khan of the City University with his gross five under 67 score over 18 holes was the leader in the 26th KP National Ranking Open Golf Championship being played here at 6666-yard PAF Golf Course on Saturday. Khalid carded two under 34 at front nine
Published 18 Dec, 2016 12:00am
FIFA boss wants video refs at 2018 World Cup

FIFA boss wants video refs at 2018 World Cup

FIFA president Gianni Infantino hopes to see video referees used at the 2018 World Cup in Russia - if its teething problems have been fixed in time. Colombia's Atletico Nacional slammed the new video assistant referee (VAR) technology being trialled at th
Published 18 Dec, 2016 12:00am
Chelsea turn it up to 11, Vardy off as Leicester draw

Chelsea turn it up to 11, Vardy off as Leicester draw

Diego Costa earned Chelsea a 1-0 victory at Crystal Palace on Saturday as the Premier League leaders claimed a club record-equalling 11th consecutive league victory. Costa headed home Cesar Azpilicueta's cross in the 43rd minute at a foggy Selhurst Park t
Published 18 Dec, 2016 12:00am
Inter-College Cricket: Girls College Mathra post victory

Inter-College Cricket: Girls College Mathra post victory

Government Girls Degree College Mathra Peshawar stunned Shaheed Benazir Bhutto Women University team by eight wickets in the ongoing Girls Inter-College Cricket Championship being played under the aegis of the Directorate of Sports Shaheed Benazir Bhutto
Published 18 Dec, 2016 12:00am
WBC title fight called off after Povetkin fails drug test

WBC title fight called off after Povetkin fails drug test

A super heavyweight title fight between Russian boxer Alexander Povetkin and Haitian-born Canadian Bermane Stiverne that was scheduled for Saturday has been cancelled after Povetkin failed a drug test. Povetkin's promoter Andrei Ryabinsky wrote on Twitter
Published 18 Dec, 2016 12:00am
Siroch double sends Thais to Suzuki Cup triumph

Siroch double sends Thais to Suzuki Cup triumph

Thai forward Siroch Chatthong scored twice against Indonesia to help Thailand lift the Suzuki Cup in Bangkok late Saturday, overturning a shock first leg deficit. Goals on either side of halftime gave Thailand the 2-0 victory that allowed it to retain the
Published 18 Dec, 2016 12:00am
Dawson, Rashid propel England

Dawson, Rashid propel England

Debutant Liam Dawson on Saturday said it could be "hard work" for England bowlers on flat deck after his gritty half-century helped the visitors post a formidable 477 on day two of the fifth Test against India in Chennai. Dawson scored an unbeaten 66 and
Published 18 Dec, 2016 12:00am
NBP Master KP Table Tennis begins

NBP Master KP Table Tennis begins

The 9th edition of the NBP Master KP Boys and Girls Table Tennis Championship got under way under the aegis of KP Table Tennis Association here at Qayyum Sports Complex on Saturday. General Manager NBP Regional Office Peshawar Shahid Majeed was the chief
Published 18 Dec, 2016 12:00am
Sports board to sponsor bodybuilder Naveed

Sports board to sponsor bodybuilder Naveed

Sports Board Punjab (SBP) has decided to sponsor the tour of bodybuilder Naveed Ahmad Butt for his participation in Mr Universe competition, being held next year in New Zealand. Sources in SBP said the board has decided to support Naveed in his future end
Published 18 Dec, 2016 12:00am
Pakistan struggle to save pink-ball Test

Pakistan struggle to save pink-ball Test

Pakistan were in a backs-to-the-wall struggle to save the day-night first Test as Australia took a strangle-hold on the third day at the Gabba on Saturday. At the close, the tourists were hanging in at 70 for two with Azhar Ali not out 41 and 112-Test vet
Published 18 Dec, 2016 12:00am
South Korea protests put pressure on impeachment court

South Korea protests put pressure on impeachment court

Tens of thousands of protestors turned out in Seoul for the eighth straight week Saturday, pushing for the immediate and permanent removal of impeached South Korean President Park Geun-Hye. Unlike previous weeks, the demonstrators didn't have the streets
Published 18 Dec, 2016 12:00am
Egypt to hand over MS804 air crash victims' remains

Egypt to hand over MS804 air crash victims' remains

Egypt's state prosecutor has ordered that the remains of the victims of the May 19 crash of EgyptAir flight 804 be handed over to their relatives, his office said Saturday. The Airbus A320 had been en route from Paris to Cairo when it crashed into the Med
Published 18 Dec, 2016 12:00am
Iran summons British envoy in Syria tit for tat

Iran summons British envoy in Syria tit for tat

Iran summoned the top British diplomat in Tehran for the second time this month to complain about criticism of its actions in Syria, state television reported on Saturday. The move came after British Foreign Secretary Boris Johnson called in the Russian a
Published 18 Dec, 2016 12:00am
Duterte fires two immigration officials

Duterte fires two immigration officials

Philippine President Rodrigo Duterte on Saturday fired two immigration officials facing allegations of corruption as he reaffirmed his commitment to ensure a clean government. "I said before that corruption will have no place in my government," Duterte, w
Published 18 Dec, 2016 12:00am
France postpones Middle East peace conference to January

France postpones Middle East peace conference to January

France has postponed a proposed Middle East peace conference in Paris to January next year, its ambassador to the United Nations said, acknowledging that the conditions to bring Israelis and Palestinians face-to-face were currently not there. France has r
Published 18 Dec, 2016 12:00am
Smoggy Beijing, under alert, orders factories to shut or cut output

Smoggy Beijing, under alert, orders factories to shut or cut output

Beijing's city government ordered 1,200 factories near the Chinese capital, including a major oil refinery run by state oil giant Sinopec, to shut or cut output on Saturday after authorities issued the highest possible air pollution alert. On Friday, Chin
Published 18 Dec, 2016 12:00am
Prominent Turkish self-help writer shot dead

Prominent Turkish self-help writer shot dead

Turkish authorities have detained a woman on suspicion of shooting dead in Istanbul one of the country's most prominent writers of self-help popular psychology books, reports said on Saturday. Beki Ikala Erikli, 48, was murdered late on Thursday at her ap
Published 18 Dec, 2016 12:00am
Congo crisis talks suspended due to deadlock on Kabila succession

Congo crisis talks suspended due to deadlock on Kabila succession

Congolese crisis talks to ensure a peaceful political transition were suspended Saturday, Catholic church mediators said, announcing they would resume only a day after President Joseph Kabila's last legal term in office ends. "Direct negotiations are susp
Published 18 Dec, 2016 12:00am
Three more charged over Nice truck attack

Three more charged over Nice truck attack

A French anti-terrorist judge has charged three more men suspected of helping to arm the Islamist radical who crushed 86 people to death with a truck in Nice, a judicial source said Saturday. The three, who were among 11 arrested on Monday in Nice and the
Published 18 Dec, 2016 12:00am
China will give back seized drone, criticises US 'hyping up' the issue

China will give back seized drone, criticises US 'hyping up' the issue

China's Defence Ministry said on Saturday it had been in talks with the United States about returning an underwater drone taken by a Chinese naval vessel in the South China Sea, but the US was not helping by "hyping up" the issue. The drone was taken on T
Published 18 Dec, 2016 12:00am
Residents flee to hills after quake off PNG; tsunami threat passes

Residents flee to hills after quake off PNG; tsunami threat passes

People living along Papua New Guinea's coastline fled to higher ground on Saturday after a 7.9 magnitude earthquake struck east of the Pacific nation, triggering a tsunami warning for parts of its archipelago. A couple of hours after the quake, the Pacifi
Published 18 Dec, 2016 12:00am
New anti-government demonstrations in Poland after parliament blockade

New anti-government demonstrations in Poland after parliament blockade

Several thousand people protested on Saturday outside the presidential palace in Warsaw over alleged vote fraud and the rightwing government's plans to impose new restrictions on media coverage of parliament. The fresh demonstrations came after an unprece
Published 18 Dec, 2016 12:00am
Mugabe wins party support for 2018 election
Currency

Mugabe wins party support for 2018 election

Supporters of Zimbabwe's President Robert Mugabe chanting "tongai, tongai baba" (rule, rule father) on Saturday endorsed the 92-year-old leader for a 2018 election run. The endorsement, which is likely to result in his 36-year rule being extended, was gre
Published 18 Dec, 2016 12:00am
Rights groups slam Franco-Spanish ETA raid

Rights groups slam Franco-Spanish ETA raid

Five people were arrested and arms seized in a police raid which France and Spain claimed dealt a "blow" to Spanish Basque separatists ETA, but which rights groups slammed Saturday as a "political" operation. French and Spanish officers staged the raid la
Published 18 Dec, 2016 12:00am
Mali drops treason charges against former president

Mali drops treason charges against former president

Mali's national assembly has overwhelmingly voted to drop charges of high treason against former president Amadou Toumani Toure in a decision that should allow him to return from exile in Senegal. The move late on Friday was expected given that President
Published 18 Dec, 2016 12:00am
Colombian president receives 'Catholic Nobel' for FARC deal

Colombian president receives 'Catholic Nobel' for FARC deal

Colombian President Juan Manuel Santos on Saturday received the Lampara peace prize, the "Catholic Nobel", for his efforts to reach a deal with his country's Marxist FARC rebels. The award, handed over in the Italian city of Assisi, comes a week after San
Published 18 Dec, 2016 12:00am
West African leaders push to resolve Gambia poll impasse

West African leaders push to resolve Gambia poll impasse

West African leaders called Saturday for a swift resolution of the political impasse in The Gambia after disputed elections in which long-term president Yahya Jammeh is refusing to concede defeat. The appeal came at the 50th summit of the 15-member Econom
Published 18 Dec, 2016 12:00am
Trump promises Syria 'safe zones', Obama says no easy fix

Trump promises Syria 'safe zones', Obama says no easy fix

US President-elect Donald Trump said on Friday his administration would build "safe zones" to try to help civilians trapped in Syria's bloody conflict, an idea that President Barack Obama said would be too hard to enforce. Trump and Obama spoke separately
Published 18 Dec, 2016 12:00am
10 killed in Sri Lanka road accident

10 killed in Sri Lanka road accident

Ten passengers were killed and another 21 wounded Saturday when a van and a bus collided on a highway in Sri Lanka's former war zone of Jaffna, police said. All those killed in the head-on collision along the A-9 highway were passengers travelling in the
Published 18 Dec, 2016 12:00am
Gunmen kill five female Afghan airport staff in Kandahar

Gunmen kill five female Afghan airport staff in Kandahar

Five female Afghan guards working in the airport in southern Kandahar were killed by unknown gunmen as they were on their way to work, security officials said on Saturday, the latest in a string of attacks against women in Afghanistan. From bomb attacks t
Published 18 Dec, 2016 12:00am
Desperate 'thousands' await evacuation from Aleppo

Desperate 'thousands' await evacuation from Aleppo

Trapped Syrian civilians and fighters waited desperately Saturday for evacuations to resume from a rebel-held enclave in Aleppo as the Red Cross pleaded for a deal to "save thousands of lives". A rebel representative told AFP agreement had been reached to
Published 18 Dec, 2016 12:00am
KP witnesses 68 percent fall in terror attacks: NAP report

KP witnesses 68 percent fall in terror attacks: NAP report

The Khyber Pakhtunkhwa has witnessed 68 percent reduction in terror attacks since the Army Public School (APS) attack on December 16, 2014 in which 144 people, mostly school children, were killed. According to NAP implementation report, law enforcement ag
Published 18 Dec, 2016 12:00am
KE to provide 70 megawatts power to Naya Nazimabad

KE to provide 70 megawatts power to Naya Nazimabad

K-Electric and Javedan Corporation Limited (JCL) have entered into an agreement for the provision of 70MW power supply to Naya Nazimabad, a project of JCL. The agreement was signed by Amer Zia, Head of Distribution Operations, K-Electric and Abdus Samad H
Published 18 Dec, 2016 12:00am
Transporters urged to end strike at Torkham

Transporters urged to end strike at Torkham

President, Frontier Customs Agents Group (FCAG) Khyber Pakhtunkhwa and Senior Vice President (SVP), Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) Zia-ul-Haq Sarhadi has called for the immediate end of transporters' strike at Torkham. In a pre
Published 18 Dec, 2016 12:00am
Organ trade charges dropped, detainees released

Organ trade charges dropped, detainees released

Judicial Magistrate Morgah, Rawalpindi, Ghulam Muhammad Sarfraz Saturday released all three employees including the owner of Kidney Centre, observing all three FIRs against them were lodged illegally and in violation of law.
Published 18 Dec, 2016 12:00am
Taliban, Haqqani network retain safe havens in Pakistan, claims Pentagon

Taliban, Haqqani network retain safe havens in Pakistan, claims Pentagon

Afghan-oriented militant groups like the Taliban and the Haqqani Network retain freedom of action from inside Pakistani territory, the Pentagon has said, while asserting that the US has been clear in urging Islamabad to deny safe havens to terror outfits.
Published 18 Dec, 2016 12:00am
TDAP to organize trade event in Sri Lanka

TDAP to organize trade event in Sri Lanka

The Trade Development Authority of Pakistan (TDAP) would organize 3-day trade event in Sri Lanka from January 13 to 15, 2017. According to the TDAP sources, after getting encouraging response from Single Country Exhibition at Sri Lanka in 2016, the TDAP h
Published 18 Dec, 2016 12:00am
Dell signs Muller & Phipps as their new distributors

Dell signs Muller & Phipps as their new distributors

Dell, one of the largest technology companies globally, has signed an MoU with the well-known distributor Muller & Phipps (M&P) on 16th December in Karachi. This partnership is strategically significant for the tech giant because of the continued focus of
Published 18 Dec, 2016 12:00am
Nawaz inaugurates Greater Iqbal Park

Nawaz inaugurates Greater Iqbal Park

Prime Minister Muhammad Nawaz Sharif while inaugurating Greater Iqbal Park on Saturday showed resolve that his government would continue with determination its endeavor of national development till Allama Iqbal's dream of modern state is accomplished.
Published 18 Dec, 2016 12:00am
Aziz condemns terror attack in Turkey

Aziz condemns terror attack in Turkey

Adviser to Prime Minister of Foreign Affairs Sartaj Aziz on Saturday strongly condemned the terrorist attack that took place in Kayseri, reportedly resulting in the loss of precious lives of 13 personnel of the Turkish Armed Forces, and injuring 48 others
Published 18 Dec, 2016 12:00am
Cases of robberies on the rise in Capital

Cases of robberies on the rise in Capital

Armed robberies witnessed a remarkable rise in the federal capital during the last week as various police stations of the city registered nine cases of robberies wherein armed persons stormed into shops and houses and looted valuables worth million of rup
Published 18 Dec, 2016 12:00am
76,125 tons of copper produced from Saindak in five years: SML

76,125 tons of copper produced from Saindak in five years: SML

Saindak Metals Limited (SML) produced 76,125.994 tons of copper, 6.093 tons gold and 9.693 tons of silver from the Saindak area, district Chaghi of the Balochistan province, during last five years. "The total blister copper extraction/production stood at
Published 18 Dec, 2016 12:00am
Work on western route of CPEC in full swing

Work on western route of CPEC in full swing

Construction activities on the Western Route of China-Pakistan Economic Corridor (CPEC) have already commenced. An official source told the media on Saturday that the total length of Western route is around 2500 km, out of which 790 km is common route fro
Published 18 Dec, 2016 12:00am
Two dead in oil tanker explosion near Nooriabad

Two dead in oil tanker explosion near Nooriabad

At least two people were killed and twelve others were burnt seriously when an oil tanker caught fire near Nooriabad on Saturday. The incident took place near a cement factory located on the Super Highway, where an explosion in an oil tanker also affected
Published 18 Dec, 2016 12:00am
Cold, dry weather forecast

Cold, dry weather forecast

The Met Office on Saturday forecast mainly cold and dry weather for most parts of the country in the next 24 hours. It said fog prevalence was likely to continue over the plain areas of Punjab, Khyber Pakhtunkhwa and Upper Sindh during the night and morni
Published 18 Dec, 2016 12:00am
Imran to focus on building knowledge city at Namal

Imran to focus on building knowledge city at Namal

Chairman Pakistan Tehreek-e-Insaf Imran Khan advised the students on Saturday to earn respects through lawful means, and said a successful man is one who is never afraid of losing and a champion never gives up. While addressing the convocation of NAMAL Un
Published 18 Dec, 2016 12:00am
Seminar on income tax held

Seminar on income tax held

A seminar was held on tax relating to immovable properties at the Income Tax office the other day. A detailed presentation was organized by the Zone-V, CRTO Lahore on section 236W and its salient features besides a difference in between sections 236C & 23
Published 18 Dec, 2016 12:00am
Criticality of higher education for economic development highlighted

Criticality of higher education for economic development highlighted

Provincial Higher Education Minister Syed Raza Ali Gillani has said that the role of higher education sector is very pivotal in ensuring composite development of the country, as it develops students as "future leaders" to steer the country towards progres
Published 18 Dec, 2016 12:00am
Government support sought for modernization of industrial sector

Government support sought for modernization of industrial sector

Sialkot is an important economic hub and export-oriented city of the country where 99 percent products produced and are exported to various parts of the glob. Through export, Sialkot based small and medium industries were earning foreign exchange amountin
Published 18 Dec, 2016 12:00am
Efforts urged to overcome potential threat of pests
Cotton

Efforts urged to overcome potential threat of pests

Agriculture Scientists and Experts have emphasized the need for stepped-up efforts to overcome the potential threat of pests that are responsible for the loss of billions of rupees to national economy. They were addressing the International Entomological
Published 18 Dec, 2016 12:00am
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