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Print - 2017-03-11
Bike delivery riders unionise in France

Bike delivery riders unionise in France

Cyclists in France working for online food delivery groups have organised their first trade union to fight for better pay and job security, a labour group said on Thursday. The CGT trade union said it had created a new union in the western city of Bordeau
Published 11 Mar, 2017 12:00am
BT appoints Jan du Plessis as next chairman

BT appoints Jan du Plessis as next chairman

BT has appointed Jan du Plessis, chairman of the world's second-biggest miner Rio Tinto , to take over from Mike Rake in the same role at a testing time for Britain's biggest telecoms group. BT said du Plessis will join its board as a non-executive direct
Published 11 Mar, 2017 12:00am
Exxon stumps up $2.8 billion for Mozambique gas gateway to Asia

Exxon stumps up $2.8 billion for Mozambique gas gateway to Asia

Exxon Mobil Corp, the world's biggest publicly traded oil producer, has agreed to pay Italy's Eni $2.8 billion for a 25 percent stake in a giant Mozambique gas field to strengthen its position supplying rich Asian markets. Eni is currently the operator of
Published 11 Mar, 2017 12:00am
China new bank loans fall sharply in February

China new bank loans fall sharply in February

Chinese bank lending fell more than 40 percent month-on-month in February largely on seasonal fluctuations, official data showed Thursday, beating expectations amid concerns that a flood of credit is increasing risks in the world's second-largest economy.
Published 11 Mar, 2017 12:00am
Thai graft watchdog will probe Rolls-Royce bribes

Thai graft watchdog will probe Rolls-Royce bribes

Thailand's anti-graft watchdog on Thursday said it will investigate senior government officials and employees of the country's flagship airline over bribes paid more than a decade ago by Rolls-Royce. In January Britain's Serious Fraud Office announced tha
Published 11 Mar, 2017 12:00am
Facing activist pressure, AIG chief to step down

Facing activist pressure, AIG chief to step down

Insurance giant American International Group announced Thursday that chief executive Peter Hancock will step down following a steep fourth-quarter loss and under presssure from activist investors Hancock, who was named chief executive in September 2014, a
Published 11 Mar, 2017 12:00am
German imports soar, current account surplus shrinks
Currency

German imports soar, current account surplus shrinks

German imports soared more than expected in January, outperforming a surprisingly strong rise in exports in a further sign that Europe's biggest economy fired on all cylinders at the start of 2017. Data released by the Federal Statistics Office on Friday,
Published 11 Mar, 2017 12:00am
Volkswagen looks to team up with Tata in India

Volkswagen looks to team up with Tata in India

German carmaker Volkswagen and India's Tata Motors plan a future "strategic partnership" in the subcontinent to jointly develop parts and vehicles, the two firms said in a joint statement Friday. Europe's and India's largest auto manufacturers signed a me
Published 11 Mar, 2017 12:00am
EU capitalising on free-trade interest amid gloom over Trump policies

EU capitalising on free-trade interest amid gloom over Trump policies

The European Union is seeing increased impetus around the world to move forward with Free Trade Agreements (FTA) with the bloc, which will make the most of uncertainty over the outlook for US trade policy, the EU's trade envoy said on Friday. The EU was c
Published 11 Mar, 2017 12:00am
UK factories, export data suggest Brexit boost from weaker sterling

UK factories, export data suggest Brexit boost from weaker sterling

British factory output had its strongest growth in nearly seven years in late 2016 and early 2017 and exports also grew quickly, data showed on Friday, suggesting a Brexit boost for the sector from sterling's fall. Manufacturing output fell by 0.9 percent
Published 11 Mar, 2017 12:00am
China defends its Trump trademark approvals as in line with law

China defends its Trump trademark approvals as in line with law

US President Donald Trump was granted initial approval on dozens of new trademarks in China because they met legal standards, a senior Chinese commercial official said on Friday. China's trademark office in recent weeks green-lighted 38 trademark applicat
Published 11 Mar, 2017 12:00am
Spanish 'mini-Madoff' sentenced to 13 years

Spanish 'mini-Madoff' sentenced to 13 years

A Spanish man has been sentenced to more than 13 years in jail for running a pyramid scheme that swindled 350 million euros from over 180,000 investors in Europe, the United States and Latin America. Spain's National Court found German Cardona Soler, 46,
Published 11 Mar, 2017 12:00am
Strong US job growth, rising wages set stage for Fed rate hike

Strong US job growth, rising wages set stage for Fed rate hike

US employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth. Nonfarm payrolls increased by
Published 11 Mar, 2017 12:00am
Australian, New Zealand shares up

Australian, New Zealand shares up

Australian shares closed at their best level in more than a week on Friday, as financial stocks surged in anticipation of an imminent US interest rate hike next week. The S&P/ASX 200 index rose 0.6 percent or 34.4 points to 5,775.60 at the close of trade.
Published 11 Mar, 2017 12:00am
Tokyo shares soar as automakers, banks rally

Tokyo shares soar as automakers, banks rally

Tokyo stocks rose Friday with automakers and banks rallying, while Toshiba erased early losses despite fears that its troubled US nuclear unit is headed for bankruptcy. Exporters benefited as the dollar punched above 115 yen for the first time since the e
Published 11 Mar, 2017 12:00am
Friday's early trade: stocks rise as robust jobs report lifts mood

Friday's early trade: stocks rise as robust jobs report lifts mood

US stocks rose on Friday after a solid jobs report underscored the strength of the labour market and set the stage for the first interest rate hike this year. A drop in oil prices, however, tempered the broader market gains. Data showed 235,000 jobs were
Published 11 Mar, 2017 12:00am
Wall Street ends up slightly; energy shares rebound

Wall Street ends up slightly; energy shares rebound

A late rebound in energy shares helped US stocks end a choppy session a tad higher on Thursday ahead of the US monthly jobs report. The day marked the eight-year anniversary of the current bull market, the second-longest ever. Some strategists expect it t
Published 11 Mar, 2017 12:00am
Hong Kong's main index ends up

Hong Kong's main index ends up

Hong Kong's Hang Seng index reversed earlier losses on Friday, after market sentiment was hit by a slide in oil prices, with traders turning their attention to a near certain US rate hike next week. The Hang Seng index gained 0.3 percent to 23,568.67, whi
Published 11 Mar, 2017 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Thursday with longer-dated yields reaching their highest in about 11 weeks, in step with their German counterparts before Friday's US jobs report that may seal expectations the Federal Reserve will raise rates next week. Shorter
Published 11 Mar, 2017 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Thursday with longer-dated yields reaching their highest in about 11 weeks, in step with their German counterparts before Friday's US jobs report that may seal expectations the Federal Reserve will raise rates next week. Shorter
Published 11 Mar, 2017 12:00am
Eurozone bonds jolted by ECB rate hike discussion

Eurozone bonds jolted by ECB rate hike discussion

Eurozone bond yields soared on Friday after a report that some European Central Bank policymakers had discussed the possibility of rate hikes rattled markets already jolted by signs the ECB may be stepping back from its ultra-easy monetary policy stance.
Published 11 Mar, 2017 12:00am
Eurozone bonds jolted by ECB rate hike discussion

Eurozone bonds jolted by ECB rate hike discussion

Eurozone bond yields soared on Friday after a report that some European Central Bank policymakers had discussed the possibility of rate hikes rattled markets already jolted by signs the ECB may be stepping back from its ultra-easy monetary policy stance.
Published 11 Mar, 2017 12:00am
Sri Lankan shares climb

Sri Lankan shares climb

Sri Lankan shares on Friday hit their lowest close in more than a month, dragged down by telecom stocks, while investor sentiment continued to remain low on concerns about rising interest rates. The Colombo stock index ended down 0.06 percent at 6,084.99,
Published 11 Mar, 2017 12:00am
Indian shares surge

Indian shares surge

Indian shares rose on Friday and were set to post small weekly gains after exit polls showed Indian Prime Minister Narendra Modi's ruling party ahead of rivals in an election in the country's most populous state. Victory for Modi's Bharatiya Janata Party
Published 11 Mar, 2017 12:00am
China stocks flat

China stocks flat

China stocks ended flat on Friday, as initial excitement toward the country's annual parliamentary meeting petered out and investors turned cautious ahead of a likely US rate hike next week. The blue-chip CSI300 index was unchanged at 3,427.89, while the
Published 11 Mar, 2017 12:00am
BT, banks and oil boost European shares

BT, banks and oil boost European shares

European shares rose on Friday, with gains underpinned by a rally among banks, energy stocks as well as BT as attention turned to closely-watched US jobs data due later in the day. The pan-European STOXX 600 index was up 0.4 percent, set for its third str
Published 11 Mar, 2017 12:00am
Southeast Asian markets: Manila falls most in three months; Singapore up

Southeast Asian markets: Manila falls most in three months; Singapore up

Philippine shares fell 2 percent on Friday in their steepest drop in three months, dragged down by industrials, while Singapore climbed 0.5 percent on the back of gains in real-estate stocks, after the city-state lowered stamp duties on sale of residentia
Published 11 Mar, 2017 12:00am
Britain's FTSE bounces on BT and oil stocks

Britain's FTSE bounces on BT and oil stocks

British shares gained on Friday, led by BT as investors cheered the resolution of a long-running regulatory battle over its broadband unit. The blue-chip FTSE 100 was up 0.4 percent by 1000 GMT, bouncing back from Thursday's losses, as investors awaited U
Published 11 Mar, 2017 12:00am
China's yuan declines

China's yuan declines

China's yuan weakened against the dollar on Friday and is on course for a second straight weekly loss due to a rising dollar in global markets on growing expectations of a US Federal Reserve interest rate hike next week. The People's Bank of China set the
Published 11 Mar, 2017 12:00am
Dollar rises against yen in Asia

Dollar rises against yen in Asia

The dollar firmed to six-week highs against the yen on Friday, on track for weekly gains against most rivals as investors awaited US job data that is likely to reinforce expectations of a Federal Reserve interest rate hike next week. A surprisingly robust
Published 11 Mar, 2017 12:00am
Dollar hits three-week low against euro in Europe

Dollar hits three-week low against euro in Europe

The dollar fell on Friday after a report showed US wages rose less than expected in February and tempered expectations for a spate of interest rate increases. The Labour Department's non-farm payrolls report showed employers added 235,000 jobs last month,
Published 11 Mar, 2017 12:00am
Early trade in New York: Euro rises to three-week high

Early trade in New York: Euro rises to three-week high

The euro jumped to a fresh three-week high against the dollar on Friday on a report that the European Central Bank had discussed the possibility of raising interest rates before the end of its quantitative easing program. Sources told Reuters some ECB pol
Published 11 Mar, 2017 12:00am
Dollar slips, euro rises in New York
Currency

Dollar slips, euro rises in New York

The dollar fell against a basket of currencies on Thursday, while the euro gained after European Central Bank head Mario Draghi suggested it was less necessary to prop up the market through ultra-loose monetary policy.Draghi said the ECB removed a referen
Published 11 Mar, 2017 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee ended slightly weaker on Friday in dull trade as importer dollar demand surpassed exporter greenback sales, a day after the central bank's moral suasion curbed further decline, dealers said. Rupee forwards were active, with two-week f
Published 11 Mar, 2017 12:00am
Asian currencies wary ahead of US job data
Currency

Asian currencies wary ahead of US job data

Asian currencies wobbled on Friday as investors awaited US job data later in the session which could set the tone for a rate hike next week and more this year. The South Korean won rose slightly after a Constitutional Court upheld a parliamentary impeachm
Published 11 Mar, 2017 12:00am
Nigeria naira steady
Currency

Nigeria naira steady

Nigeria's naira exchange rate was steady on both the official and black markets on Friday after President Muhammadu Buhari's return home from extended medical leave in Britain. The naira was quoted at 310.50 on the official market while black market rate
Published 11 Mar, 2017 12:00am
Sterling skids to 8-week low against euro
Currency

Sterling skids to 8-week low against euro

Sterling skidded to an eight-week low against the euro on Friday, as the single currency rallied broadly on news the European Central Bank had discussed the possibility of raising interest rates before ending its quantitative easing programme. Sources tol
Published 11 Mar, 2017 12:00am
Aussie, kiwi sag to multi-week lows
Currency

Aussie, kiwi sag to multi-week lows

The Australian and New Zealand dollars stayed near two-month lows on Friday, on track for their second straight weekly loss on broad greenback strength. Bonds were also under pressure as expectations of a US rate hike next week battered Treasuries. Yields
Published 11 Mar, 2017 12:00am
Nigeria's Buhari returns but VP will stay in charge until next week

Nigeria's Buhari returns but VP will stay in charge until next week

President Muhammadu Buhari on Friday returned to Nigeria after nearly two months' medical leave in Britain but did little to quell fears about the state of his health by saying he would not start work again immediately. The 74-year-old, who has been in Lo
Published 11 Mar, 2017 12:00am
Axeman wounds nine in German train station rampage

Axeman wounds nine in German train station rampage

German police said Friday an axe-wielding attacker who wounded nine people in a bloody rampage at a railway station was mentally ill and may have hoped police would shoot him dead. The 36-year-old Kosovan national had been diagnosed as a paranoid schizoph
Published 11 Mar, 2017 12:00am
Kazakh leader limits his powers, but keeps firm grip

Kazakh leader limits his powers, but keeps firm grip

Kazakhstan's autocratic President Nursultan Nazarbayev on Friday signed off on constitutional changes limiting the powers of his office, though he is expected to retain supreme authority in the Central Asian country. Nazarbayev's press service confirmed t
Published 11 Mar, 2017 12:00am
Cruise control: China squeezes South Korea as boats and planes stay away

Cruise control: China squeezes South Korea as boats and planes stay away

Pressure in China on travel firms forced airlines and cruise operators to cut routes to South Korea, as the fallout spread on Friday from a diplomatic row over Seoul's plans to deploy a US missile defence system against Beijing's objections. China Eastern
Published 11 Mar, 2017 12:00am
Japan, US navies drill in East China Sea

Japan, US navies drill in East China Sea

The US and Japanese navies said Friday they completed a four-day joint exercise in the East China Sea, as tension intensifies in the region following North Korea's missile tests. The training, characterised by Japanese media essentially as a show-of-force
Published 11 Mar, 2017 12:00am
China's first stealth fighter enters service

China's first stealth fighter enters service

China has put its first stealth fighter into military service, state-run media reported on Friday, in the latest milestone highlighting the modernisation of the country's armed forces. Swift, stealthy, and armed with long-range missiles, the J-20 represen
Published 11 Mar, 2017 12:00am
Two killed in shooting at Basel cafe, one badly injured

Two killed in shooting at Basel cafe, one badly injured

Two men shot dead two people and seriously injured a third on Thursday at a cafe in Basel, north-west Switzerland, police said as they hunt for the suspects. "Two men came into Cafe 56" around 8.15 pm local time (1915 GMT) "and fired several rounds of sho
Published 11 Mar, 2017 12:00am
Iran tests naval missile

Iran tests naval missile

Iran has successfully test-fired a naval missile which hit its target 250 kilometres away, local news agencies reported Thursday. "We have this week tested the Hormuz-2 missile," the Fars and Tasnim agencies quoted the commander of the air wing of the eli
Published 11 Mar, 2017 12:00am
Bereaved Palestinians, Israelis march against occupation

Bereaved Palestinians, Israelis march against occupation

Hundreds of bereaved Palestinian and Israeli women marched through the West Bank on Friday against the Israeli occupation, in an International Women's Day event. Around 200 women marched to two military bases, with some carrying banners reading "End the o
Published 11 Mar, 2017 12:00am
South Africans march over looming welfare payment crisis

South Africans march over looming welfare payment crisis

Hundreds of protesters took to the streets of Pretoria on Friday over fears that South Africa's welfare agency may be unable to make benefit payments to millions of poor people. The march was led by Mmusi Maimane, the leader of the main opposition Democra
Published 11 Mar, 2017 12:00am
German MPs reject declaring North African states 'safe'

German MPs reject declaring North African states 'safe'

German Chancellor Angela Merkel suffered a setback Friday when the upper house of parliament rejected a proposal to declare three North African states "safe countries of origin" in refugee law. The proposed designation for Algeria, Tunisia and Morocco aim
Published 11 Mar, 2017 12:00am
UN accuses Turkey of 'serious' abuses in Kurdish region

UN accuses Turkey of 'serious' abuses in Kurdish region

The UN on Friday accused Turkish security forces of committing serious abuses during operations against Kurdish militants in the southeast after a cease-fire collapsed in July 2015. A report from the United Nations' rights office details evidence of "mass
Published 11 Mar, 2017 12:00am
'It was very painful for me to leave Pakistan'

'It was very painful for me to leave Pakistan'

Actress Shabnam Ghosh, the poster girl of Lollywood in the 1970s, burst into tears while revealing to the audience of Ravians' Literary Festival about her story of leaving Pakistan and film industry here. Punjab Governor Malik Muhammad Rafique Rajwana was
Published 11 Mar, 2017 12:00am
Commercial importers: PCDMA asks FBR to withdraw notices

Commercial importers: PCDMA asks FBR to withdraw notices

Chairman Pakistan Chemicals and Dyers Merchants Association (PCDMA), Nasiruddin Fateh Kukda has urged the Chairman Federal Board of Revenue (FBR) to provide the same level playing field to commercial and industrial importers. He said the commercial import
Published 11 Mar, 2017 12:00am
Implementation of Provincial Action Plan discussed

Implementation of Provincial Action Plan discussed

A meeting regarding implementation of Provincial Action Plan (PAP) in the light of National Action Plan (NAP) was held on Friday at the office of its Convenor, the Secretary Information Department Imran Atta Soomro who presided over the meeting. Law and o
Published 11 Mar, 2017 12:00am
Exporters to unveil 'framework' on horticulture sector

Exporters to unveil 'framework' on horticulture sector

Keeping in view the present declining trend in overall exports and foreseeing the opportunities of enhancing foreign trade in horticulture sector, exporters have come forward to unveil a "national framework" on horticulture produce in co-ordination with p
Published 11 Mar, 2017 12:00am
Winds may blow over coastal areas in next 24 hours

Winds may blow over coastal areas in next 24 hours

The Met Office on Friday said that gusty winds are likely to blow over the coastal areas of Sindh including Karachi in the next 24 hours. It said that more rain-thunderstorm (with light snowfall over the hills) with gusty winds is expected at scattered pl
Published 11 Mar, 2017 12:00am
Faysal Bank, Audi Pakistan & IGI Ins enter into strategic alliance

Faysal Bank, Audi Pakistan & IGI Ins enter into strategic alliance

Faysal Bank Limited (FBL), one of the leading banks in Pakistan, joins hands with Audi Pakistan and IGI Insurance to offer incredible discounts and value added services to their customers. As a part of Strategic Alliance between Faysal Bank and Audi Pakis
Published 11 Mar, 2017 12:00am
Shell announces financial results

Shell announces financial results

The Board of Directors of Shell Pakistan Limited announced the financial results for the year ended December 31, 2016. The Company posted an after tax profit of Rs 6,764 million and announced a final divided of Rs 28 per share in addition to the interim d
Published 11 Mar, 2017 12:00am
Shell announces financial results

Shell announces financial results

The Board of Directors of Shell Pakistan Limited announced the financial results for the year ended December 31, 2016. The Company posted an after tax profit of Rs 6,764 million and announced a final divided of Rs 28 per share in addition to the interim d
Published 11 Mar, 2017 12:00am
IEEEP symposium to begin on March 15

IEEEP symposium to begin on March 15

The 32nd Multi Topic International Symposium 2017 of the Institution of Electrical & Electronics Engineers (IEEEP), Karachi Centre, will be held at the Hotel Pearl Continental Karachi on Wednesday and Thursday 15th and 16th March 2017. Dr Attaur Rehman fo
Published 11 Mar, 2017 12:00am
PTI legislator slams: Pakhtun-specific action in Sindh

PTI legislator slams: Pakhtun-specific action in Sindh

Pakistan Tehreek-e-Insaf (PTI) on Friday slammed the Sindh government for arrests of innocent Pakhtuns by law enforcers on the pretext of illegal Afghan immigrants across the province. PTI's legislator, Khurrum Sher Zaman Khan during the Sindh Assembly se
Published 11 Mar, 2017 12:00am
CM Sindh visits residence of Naveed Qamar

CM Sindh visits residence of Naveed Qamar

Chief Minister of Sindh Syed Murad Ali Shah on Friday visited the residence of PPP MNA Syed Naveed Qamar here at Hyderabad on Soyum of his mother and prayed Almighty to bless the departure soul and give patience to the family on this grieve loss. Meanwhil
Published 11 Mar, 2017 12:00am
KE converts 74 more PMTs on ABC

KE converts 74 more PMTs on ABC

K-Electric on Friday claimed to have converted some 74 pole mounted transformers (PMTs) on power theft-resistant Aerial Bundled Cables (ABC) in the selected areas of Karachi during last week. A KE spokesman said the ABCs were installed in Bahadurabad, Cli
Published 11 Mar, 2017 12:00am
Consignments delivery timings at AFU extended

Consignments delivery timings at AFU extended

Customs department has decided to recommend to the State Bank of Pakistan (SBP) to exempt the consignments worth US$1500 from submitting mandatory Electronic I Form (EIF) at Air Freight Unit (AFU). A decision to this effect was taken by Collector (Prevent
Published 11 Mar, 2017 12:00am
Starc out of India series

Starc out of India series

Australia's hopes of victory in their bitterly-fought series against India suffered a severe blow Friday when pace spearhead Mitchell Starc had to head home with a stress fracture to his right foot. Team physio David Beakley said Starc felt pain in his ri
Published 11 Mar, 2017 12:00am
Hohns named as Australia chief selector

Hohns named as Australia chief selector

Trevor Hohns was named as the chairman of Australia's cricket selectors on Friday after steadying the ship as caretaker chief following a string of defeats last year. Hohns, who took over as caretaker chairman when Rod Marsh quit following an embarrassing
Published 11 Mar, 2017 12:00am
IOC freezes funding for Kenya over governance

IOC freezes funding for Kenya over governance

The International Olympic Committee has frozen all cash funding for sport in Kenya as it battles the national Olympic body over its governance, a spokeswoman said Friday. The IOC could decide at a meeting next week in South Korea to definitively halt all
Published 11 Mar, 2017 12:00am
North Korea-Malaysia match postponed amid tensions

North Korea-Malaysia match postponed amid tensions

An Asian Cup qualifier between Malaysia and North Korea has been postponed, the Asian Football Confederation (AFC) announced Friday, the latest casualty of souring diplomatic relations following the killing of Kim Jong-Nam. Kim, the estranged half-brother
Published 11 Mar, 2017 12:00am
Golfers support Mending Kids Hearts

Golfers support Mending Kids Hearts

About 60,000 children - one in every 100 infants born in Pakistan every year - are born with congenital heart disease (CHD), sometimes referred to as a hole in the heart. Most of them do not survive beyond their first few years due to lack of awareness, a
Published 11 Mar, 2017 12:00am
British Cycling operated 'culture of fear' says leaked review

British Cycling operated 'culture of fear' says leaked review

British Cycling has been accused of creating a "culture of fear", with a leaked review also saying it made a "shocking and inexcusable decision" to reverse findings into allegations of sexism. The Daily Mail, citing Friday a leaked draft copy of an indepe
Published 11 Mar, 2017 12:00am
FIFA bars Russia's Mutko after eligibility test failure

FIFA bars Russia's Mutko after eligibility test failure

FIFA has barred Russian deputy prime minister Vitaly Mutko, chief organiser of the 2018 World Cup, from sitting on the world football's ruling council after he failed an eligibility test. Mutko, who has also been accused of involvement in Russia's sports
Published 11 Mar, 2017 12:00am
Bouchard bundled out of Indian Wells

Bouchard bundled out of Indian Wells

Former world number five Eugenie Bouchard's 2017 struggles continued Thursday at Indian Wells, where she fell in the first round to Germany's Annika Beck. Beck made the most of Bouchard's errors to dispatch the Canadian 3-6, 6-2, 6-2. Although it was her
Published 11 Mar, 2017 12:00am
Tokyo hit by new stadium cost fears

Tokyo hit by new stadium cost fears

Already under fire over soaring expenses, Tokyo's 2020 Olympic organisers on Friday sought to downplay fears that further ballooning costs could hit the trouble-cursed main stadium. Amid media reports that temporary structures at the showpiece venue could
Published 11 Mar, 2017 12:00am
Bangladesh openers, bad light keep Sri Lanka at bay

Bangladesh openers, bad light keep Sri Lanka at bay

Opener Soumya Sarkar scored his second half-century of the match as Bangladesh kept their faint hopes of saving the first Test against Sri Lanka alive in Galle on Friday. Set a daunting target of 457 runs, Bangladesh reached 67-0 before bad light brought
Published 11 Mar, 2017 12:00am
Fire alarm drama as South Africa edge ahead

Fire alarm drama as South Africa edge ahead

South Africa shrugged off a ground evacuation because of a fire alarm to reach 38 for one in the first Test against New Zealand on Friday, a lead of five runs. With the game evenly poised after an absorbing first three days, both sides were hoping looming
Published 11 Mar, 2017 12:00am
UAF holds scientific model contest

UAF holds scientific model contest

The University of Agriculture (UAF) Faisalabad organised scientific model competition at the gallery of Iqbal Auditorium as part of International Women's Day in order to promote the entrepreneurship among the women.
Published 11 Mar, 2017 12:00am
Pemra gets last chance to file reply

Pemra gets last chance to file reply

The Lahore High Court on Friday gave a final opportunity for reply in a petition challenging appointment of Chairman Pakistan Electronic Media Regulatory Authority (Pemra) Absar Alam and directed the government to submit its reply by April 05. The petitio
Published 11 Mar, 2017 12:00am
SDSB ranks among world's top 300 business schools

SDSB ranks among world's top 300 business schools

The Suleman Dawood School of Business (SDSB) at Lahore University of Management Sciences (LUMS) now proudly stands amongst top 300 business schools of the world according to the latest rankings by Quacquarelli Symonds (QS) World University Rankings by Sub
Published 11 Mar, 2017 12:00am
Abraaj Group offers cooperation to Punjab government in healthcare

Abraaj Group offers cooperation to Punjab government in healthcare

Chief Minister of Punjab Mian Shahbaz Sharif on Friday met a delegation led by Chairman Health Impact Committee of Abraaj Group David Nicholson and discussed the improvement in the healthcare system, training of doctors and co-ordination for the diagnose
Published 11 Mar, 2017 12:00am
ATT killing potential of agriculture, transport sectors

ATT killing potential of agriculture, transport sectors

Trade under the Afghan Transit Trade (ATT) is killing the potential of agriculture and transport sectors, as exorbitant duties and taxes on imported tyres to check the smuggling under it has increased the cost of doing business by and large. The total imp
Published 11 Mar, 2017 12:00am
Need for imparting knowledge to farmers stressed

Need for imparting knowledge to farmers stressed

University of Veterinary & Animal Sciences (UVAS) Lahore Vice-Chancellor Professor Dr Talat Naseer Pasha has said that livestock sector is rapidly growing and there is a dire need for extending new knowledge to farmers for solving the problem of their liv
Published 11 Mar, 2017 12:00am
Chowk Wazir Khan-Rehabilitating urban space in Walled City

Chowk Wazir Khan-Rehabilitating urban space in Walled City

The newly restored Chowk Wazir Khan, the historic forecourt adjoining the Wazir Khan Mosque, is due to open in March 2017. The restoration of this historical cultural space is a project of the Aga Khan Cultural Service Pakistan (AKCSP), in conjunction wit
Published 11 Mar, 2017 12:00am
'Fashion industry can earn huge foreign exchange'

'Fashion industry can earn huge foreign exchange'

Fashion industry of Pakistan could earn huge foreign exchange for the country as it has the potential to get huge share in the international fashion market worth billions of dollars. This was crux of the speeches delivered by the Lahore Chamber of Commerc
Published 11 Mar, 2017 12:00am
Hualong Group signs MoU with EMCO

Hualong Group signs MoU with EMCO

Liaoning Hualong Group of China and EMCO Industries of Pakistan have signed a memorandum of understanding (MoU), here at the Lahore Chamber of Commerce and Industry, for joint venture in the sector of high voltage engineering and electrical products in Pa
Published 11 Mar, 2017 12:00am
GE launches global Powering Efficiency Center of Excellence

GE launches global Powering Efficiency Center of Excellence

GE has announced Friday new global Powering Efficiency Centre of Excellence (COE), which brings together cross-business experts in its energy businesses to apply a total plant hardware and software solution approach to boost the efficiency of the world's
Published 11 Mar, 2017 12:00am
PCGA demands bailout package for ginning sector
Cotton

PCGA demands bailout package for ginning sector

Central Executive Committee of Pakistan Cotton Ginners Association (PCGA) has demanded a bailout package for ginning sector like Textile & farmers relief packages. In spite of being an important pillar of Textile sector, it is being treated step motherly.
Published 11 Mar, 2017 12:00am
Performance audit of MTIs begins

Performance audit of MTIs begins

On the directives of Khyber Pakhtunkhwa Senior Minister for Health Shahram Tarakai, performance audit of the autonomous Medical Teaching Institutions (MTIs) has been started in the province. The aim of the performance audit is to evaluate the overall perf
Published 11 Mar, 2017 12:00am
SECP reviews role of auditors of brokerage houses

SECP reviews role of auditors of brokerage houses

In the wake of recent broker defaults, the SECP is critically reviewing the role of statutory auditors of brokerage houses. In this regards, the SECP has sought information from six auditors to assess the audit quality. The 2015 Securities Act assigns cer
Published 11 Mar, 2017 12:00am
PARC approves 12 research projects

PARC approves 12 research projects

Board of Directors (BoD) of Agricultural Linkages Programme (ALP) of Pakistan Agricultural Research Council (PARC) has approved 12 research projects for funding out of Agricultural Research Endowment Fund (AREF) of ALP in its 25th meeting held at PARC (HQ
Published 11 Mar, 2017 12:00am
OGRA to open offices in KP, Balochistan: chairperson

OGRA to open offices in KP, Balochistan: chairperson

Chairperson, Oil and Gas Regulatory Authority (OGRA), Uzma Adil Khan has announced that the authority would open its offices in Khyber Pakthunkhwa and Balochistan to provide better services to the people at their doorsteps. She expressed these views durin
Published 11 Mar, 2017 12:00am
CPEC to create new business, job opportunities: President

CPEC to create new business, job opportunities: President

President Mamnoon Hussain on Friday said new business and employment opportunities will be created with the completion of China-Pakistan Economic Corridor (CPEC) and energy projects. The President was talking to a delegation of Sarhad Chamber of Commerce
Published 11 Mar, 2017 12:00am
Hashoo Group marks International Women's Day

Hashoo Group marks International Women's Day

The Hashoo Group marked the International Women's Day by organising a ceremony to acknowledge the commitment of women. This impressive event was held at the elegant Kohinoor Hall of the Islamabad Marriott Hotel, says a PR issued here on Friday. The chief
Published 11 Mar, 2017 12:00am
FIA submits initial report on spot-fixing

FIA submits initial report on spot-fixing

Federal Investigation Agency (FIA) will ascertain the elements responsible for spot-fixing in Pakistan Super League (PSL), subsequent to a forensic analysis of information provided by Pakistan Sports Board (PSB) and other evidences. An official said that
Published 11 Mar, 2017 12:00am
PN hands over CTF-151 command to Japanese Navy

PN hands over CTF-151 command to Japanese Navy

Pakistan Navy handed over the Command of multinational Combined Task Force 151 (CTF-151), (Counter Piracy Task Force), to Japanese Maritime Self Defence Force at an impressive Change of Command Ceremony held at Combined Maritime Forces HQs Bahrain.
Published 11 Mar, 2017 12:00am
Pakistan pushes for longer-term seats to end impasse on UNSC reform

Pakistan pushes for longer-term seats to end impasse on UNSC reform

Pakistan has defended its proposal for longer-term seats on the UN Security Council or the possibility of re-election immediately after expiry of the term as a way to break the deadlock resulting from lack of agreement between supporters and opponents of
Published 11 Mar, 2017 12:00am
Japanese Ambassador calls on Zardari

Japanese Ambassador calls on Zardari

The Japanese Ambassador to Pakistan Takashi Kurai called on Former President of Pakistan and President Pakistan Peoples Party Parliamentarians Asif Ali Zardari at Zardari House Islamabad. They discussed matters of mutual interests. Senator Sherry Rehman,
Published 11 Mar, 2017 12:00am
PARTLY FACETIOUS: An exclusive club!

PARTLY FACETIOUS: An exclusive club!

"I have it on very good authority that our First Daughter has decided to set up an exclusive, and I mean a very exclusive, club."
Published 11 Mar, 2017 12:00am
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