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Print - 2017-01-24
Breathless Nadal, Serena into last eight

Breathless Nadal, Serena into last eight

Rafael Nadal struggled into his first Grand Slam quarter-final since 2015 at the Australian Open on Monday, as Serena Williams accelerated towards a record title and the number one ranking.
Published 24 Jan, 2017 12:00am
World must not miss early signals of any flu pandemic: WHO

World must not miss early signals of any flu pandemic: WHO

The World Health Organisation called on all countries to monitor closely outbreaks of deadly avian influenza in birds and poultry and to report promptly any human cases that could signal the start of a flu pandemic.
Published 24 Jan, 2017 12:00am
Syria rebels vow to keep fighting if talks fail

Syria rebels vow to keep fighting if talks fail

Syrian rebels vowed Monday to keep fighting if the peace talks fail with the war-torn country's government in Kazakhstan, as the two sides opened indirect negotiations. The talks had been billed as the first time armed rebel groups would negotiate directl
Published 24 Jan, 2017 12:00am
Four soldiers killed in Cameroon helicopter crash

Four soldiers killed in Cameroon helicopter crash

Four Cameroonian soldiers, including a general who was co-ordinating the fight against Nigerian Boko Haram Islamists, were killed Sunday in a helicopter crash, sources told AFP.
Published 24 Jan, 2017 12:00am
Britons sizzle over chips and toast cancer warnings

Britons sizzle over chips and toast cancer warnings

A government health warning over the potential dangers of toast, roast potatoes and chips - all traditional staples of the British diet - had the country's tabloids hitting out Monday. The Food Standards Agency (FSA) said acrylamide - a chemical substance
Published 24 Jan, 2017 12:00am
Fog in London forces flight cancellations

Fog in London forces flight cancellations

A thick fog in London forced the cancellation of around 100 flights at Heathrow Airport on Monday and revived concern about air quality in the capital. "Foggy weather across the South East has reduced visibility at Heathrow," the airport said in a stateme
Published 24 Jan, 2017 12:00am
Yemeni loyalists seize Red Sea port of Mokha

Yemeni loyalists seize Red Sea port of Mokha

Yemeni government forces captured on Monday the port of Mokha as they pushed to oust Huthi rebels from the Red Sea coastline, an AFP journalist said. Government forces were combing the port, a journalist accompanying the troops said, almost three weeks af
Published 24 Jan, 2017 12:00am
Israel nuclear whistle-blower convicted over release terms

Israel nuclear whistle-blower convicted over release terms

Israeli nuclear whistle-blower Mordechai Vanunu has been convicted of violating the terms of his release, more than a decade after completing an 18-year jail term, a court announced Monday. Upon his release in 2004, Vanunu was slapped with a series of res
Published 24 Jan, 2017 12:00am
German newspaper publishes documents showing Maryam's foreign properties

German newspaper publishes documents showing Maryam's foreign properties

A German newspaper Monday tweeted documents showing Prime Minister Nawaz Sharif's daughter Maryam Nawaz as beneficial owner of the companies in Saudi Arabia. The tweets posted by SZ Investigativ, show the personal information form of Minerva Services Ltd,
Published 24 Jan, 2017 12:00am
Assailants kill five Egypt soldiers

Assailants kill five Egypt soldiers

The Egyptian army said Monday that assailants killed five soldiers in the Sinai Peninsula, where security forces have been targeted in a spate of jihadist attacks. "The armed forces mourn with great sadness and sorrow the five martyrs who were martyred in
Published 24 Jan, 2017 12:00am
Ten dead after boat capsizes off Malaysia

Ten dead after boat capsizes off Malaysia

Ten people are confirmed dead and about 30 missing after a boat believed to be carrying Indonesian illegal immigrants capsized in rough seas off Malaysia, officials said Monday. The bodies of six women and four men were washed ashore at a beach near the e
Published 24 Jan, 2017 12:00am
Liebezeit innovator of drum, dies

Liebezeit innovator of drum, dies

Jaki Liebezeit, the percussionist for German band Can who became an icon in avant-garde circles for a machine-like style that rejected standard drumsets, died Sunday. He was 78. His bandmates in Can, which he co-founded in Cologne in 1968, said Liebezeit
Published 24 Jan, 2017 12:00am
Erdogan eyes rail bid, Gulen schools on Tanzania visit

Erdogan eyes rail bid, Gulen schools on Tanzania visit

Turkish President Recep Tayyip Erdogan began a visit to Tanzania Monday focusing on a bid to build a $7.6 billion (7.1-billion-euro) railway and on concern over schools run by dissident cleric Fethullah Gulen. A Tanzanian government official, speaking on
Published 24 Jan, 2017 12:00am
Poverty alleviation key to decreasing insurgency in Balochistan'

Poverty alleviation key to decreasing insurgency in Balochistan'

Chairperson, Benazir Income Support Programme (BISP) Marvi Memon Monday assured the people of Balochistan that through new survey in August and biometric payment system by 2018, poverty would be managed better in all districts of Pakistan especially in Ba
Published 24 Jan, 2017 12:00am
Equitable share of life for women urged

Equitable share of life for women urged

An appreciation ceremony to pay tribute to Dr Naima Tabbasum, Assistant Professor, Far East and Southeast Asia Area Study Centre, University of Sindh upon having authored a book titled "Women in Pakistan: Socio-Cultural and Politico-Legal Domain".
Published 24 Jan, 2017 12:00am
Former Navy officer hurt in firing incident

Former Navy officer hurt in firing incident

A senior retired officer of the Pakistan Navy was injured in a firing incident that took place near Nursery on Shahrah-e-Faisal on Monday. According to rescue officials, the injured person has been identified as Akmal Kiyani. He was taken to Jinnah Hospit
Published 24 Jan, 2017 12:00am
LHC allows SAP-PK to continue activities

LHC allows SAP-PK to continue activities

The Lahore High Court Chief Justice allowed South Asia Partnership - Pakistan (SAP-PK) to continue its activities in different districts. The court issuing notices to the interior ministry and the Punjab home department for January 27 ordered that no coer
Published 24 Jan, 2017 12:00am
India court orders daily TB treatment for millions

India court orders daily TB treatment for millions

Millions of tuberculosis patients in India will receive daily treatment after the Supreme Court Monday ordered the government to change the current dosing practice amid activist claims it was endangering lives. Around 2.5 million new cases of TB were repo
Published 24 Jan, 2017 12:00am
India court orders daily TB treatment for millions

India court orders daily TB treatment for millions

Millions of tuberculosis patients in India will receive daily treatment after the Supreme Court Monday ordered the government to change the current dosing practice amid activist claims it was endangering lives. Around 2.5 million new cases of TB were repo
Published 24 Jan, 2017 12:00am
South Korea ruling party to change its name

South Korea ruling party to change its name

South Korea's ruling party is to change its name for the second time in five years, it said Monday, as it seeks to dissociate itself from the corruption scandal surrounding impeached President Park Geun-Hye. "We will begin collecting public suggestions st
Published 24 Jan, 2017 12:00am
Provisional figures: $4.1 billion foreign aid received in H1

Provisional figures: $4.1 billion foreign aid received in H1

The country provisionally received $4.1 billion, ie, 51 percent of the budgeted estimates of foreign assistance from multilateral and bilateral donors in the first half of the current financial year against $4.15 billion during the same period last year.
Published 24 Jan, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 24 Jan, 2017 12:00am
Provisional figures: $4.1 billion foreign aid received in H1

Provisional figures: $4.1 billion foreign aid received in H1

The country provisionally received $4.1 billion, ie, 51 percent of the budgeted estimates of foreign assistance from multilateral and bilateral donors in the first half of the current financial year against $4.15 billion during the same period last year.
Published 24 Jan, 2017 12:00am
Provisional figures: $4.1 billion foreign aid received in H1

Provisional figures: $4.1 billion foreign aid received in H1

The country provisionally received $4.1 billion, ie, 51 percent of the budgeted estimates of foreign assistance from multilateral and bilateral donors in the first half of the current financial year against $4.15 billion during the same period last year.
Published 24 Jan, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Jan, 2017 12:00am
India's top court dismisses plea to delay annual budget

India's top court dismisses plea to delay annual budget

India's Supreme Court on Monday rejected a petition to delay the annual federal budget, which Finance Minister Arun Jaitley is scheduled to deliver on February 1, dismissing concerns about potential give-aways ahead of critical state polls. A panel headed
Published 24 Jan, 2017 12:00am
India's top court dismisses plea to delay annual budget

India's top court dismisses plea to delay annual budget

India's Supreme Court on Monday rejected a petition to delay the annual federal budget, which Finance Minister Arun Jaitley is scheduled to deliver on February 1, dismissing concerns about potential give-aways ahead of critical state polls. A panel headed
Published 24 Jan, 2017 12:00am
India''s top court dismisses plea to delay annual budget

India''s top court dismisses plea to delay annual budget

India''s Supreme Court on Monday rejected a petition to delay the annual federal budget, which Finance Minister Arun Jaitley is scheduled to deliver on February 1, dismissing concerns about potential give-aways ahead of critical state polls. A panel heade
Published 24 Jan, 2017 12:00am
UK communications spy chief announces resignation

UK communications spy chief announces resignation

The head of Britain's communications spying agency announced he was resigning on Monday, after just over two years in the post, for personal reasons. Robert Hannigan, the head of the Government Communications Headquarters (GCHQ), informed Foreign Secretar
Published 24 Jan, 2017 12:00am
UK communications spy chief announces resignation

UK communications spy chief announces resignation

The head of Britain's communications spying agency announced he was resigning on Monday, after just over two years in the post, for personal reasons. Robert Hannigan, the head of the Government Communications Headquarters (GCHQ), informed Foreign Secretar
Published 24 Jan, 2017 12:00am
Dar briefed over corporate sector reforms

Dar briefed over corporate sector reforms

Minister for Finance Senator Ishaq Dar chaired a meeting here at the Ministry of Finance here on Monday to discuss corporate sector reforms. Chairman of the Securities and Exchange Commission of Pakistan (SECP) briefed the Minister on the ongoing delibera
Published 24 Jan, 2017 12:00am
Dar briefed over corporate sector reforms

Dar briefed over corporate sector reforms

Minister for Finance Senator Ishaq Dar chaired a meeting here at the Ministry of Finance here on Monday to discuss corporate sector reforms. Chairman of the Securities and Exchange Commission of Pakistan (SECP) briefed the Minister on the ongoing delibera
Published 24 Jan, 2017 12:00am
Dar briefed over corporate sector reforms

Dar briefed over corporate sector reforms

Minister for Finance Senator Ishaq Dar chaired a meeting here at the Ministry of Finance here on Monday to discuss corporate sector reforms. Chairman of the Securities and Exchange Commission of Pakistan (SECP) briefed the Minister on the ongoing delibera
Published 24 Jan, 2017 12:00am
Saudi Arabia seeks stronger US ties under Trump

Saudi Arabia seeks stronger US ties under Trump

Long-time US ally Saudi Arabia on Monday said it hopes for strengthened relations under President Donald Trump. At its weekly meeting chaired by King Salman, the cabinet cited "the strength of ties between Saudi Arabia and the United States and the wish t
Published 24 Jan, 2017 12:00am
THE RUPEE: further gains
Currency

THE RUPEE: further gains

The rupee managed to extend week-end gains against the dollar on the money market on Monday in the process of trading, dealers said. The rupee showed no major changes in relation to the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively
Published 24 Jan, 2017 12:00am
Saudi Arabia seeks stronger US ties under Trump

Saudi Arabia seeks stronger US ties under Trump

Long-time US ally Saudi Arabia on Monday said it hopes for strengthened relations under President Donald Trump. At its weekly meeting chaired by King Salman, the cabinet cited "the strength of ties between Saudi Arabia and the United States and the wish t
Published 24 Jan, 2017 12:00am
THE RUPEE: further gains
Currency

THE RUPEE: further gains

The rupee managed to extend week-end gains against the dollar on the money market on Monday in the process of trading, dealers said. The rupee showed no major changes in relation to the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively
Published 24 Jan, 2017 12:00am
Egypt's military to form pharmaceutical company
Currency

Egypt's military to form pharmaceutical company

The Egyptian government has given the military the go-ahead to establish a pharmaceuticals company in a market hit by shortages and a dollar crunch that has driven up prices. Prime Minister Sherif Ismail issued the decision in a decree published on Sunday
Published 24 Jan, 2017 12:00am
Egypt's military to form pharmaceutical company
Currency

Egypt's military to form pharmaceutical company

The Egyptian government has given the military the go-ahead to establish a pharmaceuticals company in a market hit by shortages and a dollar crunch that has driven up prices. Prime Minister Sherif Ismail issued the decision in a decree published on Sunday
Published 24 Jan, 2017 12:00am
Listed companies: SECP suggests amendments to e-voting rules

Listed companies: SECP suggests amendments to e-voting rules

The Securities and Exchange Commission of Pakistan (SECP) has proposed that a licensed central depository or a share registrar and registered ballotter may be eligible to perform the functions of an intermediary for e-voting on behalf of listed companies.
Published 24 Jan, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 23, 2017).

Published 24 Jan, 2017 12:00am
Listed companies: SECP suggests amendments to e-voting rules

Listed companies: SECP suggests amendments to e-voting rules

The Securities and Exchange Commission of Pakistan (SECP) has proposed that a licensed central depository or a share registrar and registered ballotter may be eligible to perform the functions of an intermediary for e-voting on behalf of listed companies.
Published 24 Jan, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 23, 2017).

Published 24 Jan, 2017 12:00am
Listed companies: SECP suggests amendments to e-voting rules

Listed companies: SECP suggests amendments to e-voting rules

The Securities and Exchange Commission of Pakistan (SECP) has proposed that a licensed central depository or a share registrar and registered ballotter may be eligible to perform the functions of an intermediary for e-voting on behalf of listed companies.
Published 24 Jan, 2017 12:00am
EU warns Britain against pre-Brexit trade talks

EU warns Britain against pre-Brexit trade talks

Brussels warned Britain Monday that it must refrain from any formal negotiations for bilateral trade deals with third countries until after its divorce from the EU. The rebuke by the European Commission came ahead of a visit on Friday by British Prime Min
Published 24 Jan, 2017 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 13 JANUARY, 2017.

Published 24 Jan, 2017 12:00am
EU warns Britain against pre-Brexit trade talks

EU warns Britain against pre-Brexit trade talks

Brussels warned Britain Monday that it must refrain from any formal negotiations for bilateral trade deals with third countries until after its divorce from the EU. The rebuke by the European Commission came ahead of a visit on Friday by British Prime Min
Published 24 Jan, 2017 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 13 JANUARY, 2017.

Published 24 Jan, 2017 12:00am
EU warns Britain against pre-Brexit trade talks

EU warns Britain against pre-Brexit trade talks

Brussels warned Britain Monday that it must refrain from any formal negotiations for bilateral trade deals with third countries until after its divorce from the EU. The rebuke by the European Commission came ahead of a visit on Friday by British Prime Min
Published 24 Jan, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (January 23, 2017).

Published 24 Jan, 2017 12:00am
Southeast Asia not a 'proxy' for superpower rivalry: Philippines

Southeast Asia not a 'proxy' for superpower rivalry: Philippines

The Philippines Monday told major global powers that south-east Asia was not a "proxy" for superpower rivalries, as Washington and Beijing compete for influence in the region.Conflicting claims over the South China Sea, which straddles vital commercial sh
Published 24 Jan, 2017 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (January 23, 2017).

Published 24 Jan, 2017 12:00am
Southeast Asia not a 'proxy' for superpower rivalry: Philippines

Southeast Asia not a 'proxy' for superpower rivalry: Philippines

The Philippines Monday told major global powers that south-east Asia was not a "proxy" for superpower rivalries, as Washington and Beijing compete for influence in the region.Conflicting claims over the South China Sea, which straddles vital commercial sh
Published 24 Jan, 2017 12:00am
Southeast Asia not a ''proxy'' for superpower rivalry: Philippines

Southeast Asia not a ''proxy'' for superpower rivalry: Philippines

The Philippines Monday told major global powers that south-east Asia was not a "proxy" for superpower rivalries, as Washington and Beijing compete for influence in the region.Conflicting claims over the South China Sea, which straddles vital commercial sh
Published 24 Jan, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (January 23, 2017)

Published 24 Jan, 2017 12:00am
US judge blocks Aetna-Humana deal as bad for consumers

US judge blocks Aetna-Humana deal as bad for consumers

A US federal judge on Monday blocked Aetna's proposed $37 billion acquisition of rival health insurer Humana, ruling the combination would stifle competition in the health sector.US District Judge John Bates upheld the essential arguments of US antitrust
Published 24 Jan, 2017 12:00am
US judge blocks Aetna-Humana deal as bad for consumers

US judge blocks Aetna-Humana deal as bad for consumers

A US federal judge on Monday blocked Aetna's proposed $37 billion acquisition of rival health insurer Humana, ruling the combination would stifle competition in the health sector.US District Judge John Bates upheld the essential arguments of US antitrust
Published 24 Jan, 2017 12:00am
US judge blocks Aetna-Humana deal as bad for consumers

US judge blocks Aetna-Humana deal as bad for consumers

A US federal judge on Monday blocked Aetna''s proposed $37 billion acquisition of rival health insurer Humana, ruling the combination would stifle competition in the health sector.US District Judge John Bates upheld the essential arguments of US antitrust
Published 24 Jan, 2017 12:00am
Iraq builds new airport in Karbala to handle pilgrims

Iraq builds new airport in Karbala to handle pilgrims

Iraqi officials laid the cornerstone of a new airport near Karbala Monday, mostly to handle the millions of pilgrims who flock to the holy Shia city each year. The Central Euphrates Airport will be located some 35 kilometres (20 miles) south of Karbala, A
Published 24 Jan, 2017 12:00am
Iraq builds new airport in Karbala to handle pilgrims

Iraq builds new airport in Karbala to handle pilgrims

Iraqi officials laid the cornerstone of a new airport near Karbala Monday, mostly to handle the millions of pilgrims who flock to the holy Shia city each year. The Central Euphrates Airport will be located some 35 kilometres (20 miles) south of Karbala, A
Published 24 Jan, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (January 23, 2017).

Published 24 Jan, 2017 12:00am
Iraq builds new airport in Karbala to handle pilgrims

Iraq builds new airport in Karbala to handle pilgrims

Iraqi officials laid the cornerstone of a new airport near Karbala Monday, mostly to handle the millions of pilgrims who flock to the holy Shia city each year. The Central Euphrates Airport will be located some 35 kilometres (20 miles) south of Karbala, A
Published 24 Jan, 2017 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 24 Jan, 2017 12:00am
Surge in C/A deficit

Surge in C/A deficit

It is deeply worrying that the current account deficit has worsened by nearly two-fold during the first half of the current fiscal year. According to the latest data released by the State Bank on 18th January, the country's C/A deficit posted a deficit of
Published 24 Jan, 2017 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 24 Jan, 2017 12:00am
Reinventing the PPP

Reinventing the PPP

The PPP, after the government failed to heed its chairman Bilawal Bhutto Zardari's four demands, decided to hold a series of processions as part of its drive to revive the fortunes of the party in its lost stronghold of Punjab. The four demands were: revi
Published 24 Jan, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (January 23, 2017).

Published 24 Jan, 2017 12:00am
Review of 7th NFC Award - II

Review of 7th NFC Award - II

This is the second part of the Review of the 7th NFC Award. The first part was published last week in this newspaper. It highlighted the salient features of the Award and the increase in the magnitude of transfers, overall and to individual Provinces. The
Published 24 Jan, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (January 23, 2017).

Published 24 Jan, 2017 12:00am
A divided house

A divided house

US President Donald Trump's inauguration was apiece with his election campaign and underlined how divided American society is in its aftermath. The President's inauguration speech, for example, instead of following the tradition of assuring the American p
Published 24 Jan, 2017 12:00am
The Weather

The Weather

The weather report on Monday (January 23, 2017) and the forecast for Tuesday (January 24, 2017).

Published 24 Jan, 2017 12:00am
First days of Trump era signal America's deepening political divide

First days of Trump era signal America's deepening political divide

In the blocks surrounding the White House, signs reading "Love Trumps Hate" and "Build Bridges Not Walls" littered the sidewalks on Sunday, the detritus of the Women's March protesting the policies of President Donald Trump. Both, Trump's supporters and w
Published 24 Jan, 2017 12:00am
Karachi needs KCR

Karachi needs KCR

This is apropos a Business Recorder op-ed "Reality of KCR" carried by the newspaper on Saturday. The writer, Farhat Ali, has presented a very informed analysis on the defunct Karachi Circular Railway which fell victim to the machinations of transpo
Published 24 Jan, 2017 12:00am
Oil slips as US drilling recovery offsets Opec-led cuts

Oil slips as US drilling recovery offsets Opec-led cuts

Oil prices fell 1 percent on Monday as signs of a strong recovery in US drilling largely overshadowed news that Opec and non-Opec producers were on track to meet output reduction goals. Ministers representing members of the Organisation of the Petroleum E
Published 24 Jan, 2017 12:00am
Eight FC personnel hurt in explosion

Eight FC personnel hurt in explosion

At least eight Frontier Constabulary (FC) personnel including a Naib-Subedar injured when they were boarding in the vehicle hit a road-side bomb in Tank on Monday. According to police and hospital sources, a Peshawar bound truck carrying FC personnel from
Published 24 Jan, 2017 12:00am
SANOG conference at HEC Secretariat held

SANOG conference at HEC Secretariat held

The opening ceremony of the week-long 29th South Asian Network Operators Group (SANOG) Conference was held at Higher Education Commission (HEC) Secretariat here on Monday. Dr Mukhtar Ahmed, Chairman HEC was the chief guest and Dr Ismail Shah, Chairman Pak
Published 24 Jan, 2017 12:00am
CIEF to hold course on Islamic capital markets, Sukuk

CIEF to hold course on Islamic capital markets, Sukuk

IBA Centre for Excellence in Islamic Finance (CEIF) is organising a 2-day course on "Islamic Capital Markets and Sukuk." The course will begin from 26th and continue up to 27th January, 2017. The workshop's core focus is to provide participants with an ad
Published 24 Jan, 2017 12:00am