ICICI Bank Ltd, India's third-biggest lender by assets, reported a smaller-than-expected rise in fourth-quarter net profit as bad loans grew. Indian banks have seen their bad loans surge in the past year or so after an asset quality review ordered by the

UBS Group AG Chief Executive Sergio Ermotti on Thursday urged global regulators to clarify new banking rules, complaining they were still being debated almost a decade on from the outbreak of the financial crisis. "It is right that banks are expected to t

UBS Group AG Chief Executive Sergio Ermotti on Thursday urged global regulators to clarify new banking rules, complaining they were still being debated almost a decade on from the outbreak of the financial crisis. "It is right that banks are expected to t

Facebook Inc will hire 3,000 more people over the next year to speed up the removal of videos showing murder, suicide and other violent acts, in its most dramatic move yet to combat the biggest threat to its valuable public image. The hiring spree, announ

A young man in a white t-shirt pulls on a dark blue denim trucker jacket, tucks his smartphone in an inside pocket and puts in-ear headphones in his right ear. He mounts a fixed-gear bike with flat, slightly curved wide handlebars. Riding through the stre

Cybercrime is expanding at a rapid rate in Germany, one of the most digitally advanced countries in the world, but the vast majority of attacks against individuals and companies are not reported, government and industry executives said on Wednesday. Marku

Alphabet Inc warned its users to beware of emails from known contacts asking them to click on a link to Google Docs after a large number of people turned to social media to complain that their accounts had been hacked. Google said on Wednesday that it had

Microsoft on Tuesday unveiled a Surface laptop and streamlined operating software in a move aimed at regaining ground in classrooms, where Google Chromebooks have taken hold. Surface Laptop powered by a Windows 10 S operating system were shown off at an e

The Dubai government on Sunday announced the launch of "Dubai Font", the first typeface developed by Microsoft for a city, which will be available in 23 languages. The font was developed simultaneously in Latin and Arabic script and is available to 100 mi

Deborah Braswell, a university administrator in Alabama, is a member of a dwindling group people with a landline phone at home. According to a U.S. government study released Thursday, 50.8 percent of homes and apartments had only cellphone service in the

The tablet craze from a few years ago showed more signs of fading this year, with most major producers reporting sales declines, market surveys showed Thursday. IDC reported an 8.5 percent drop in global tablet shipments to 36.2 million. This was the 10th

China is tightening rules for online news as its censors try to control a flood of information spread through instant-messaging apps, blogs and other media sources that are proliferating in the country. The rules announced Tuesday and set to go into effec

A new outbreak of the Ebola virus is "inevitable" but a new vaccine and rapid-response measures mean it will be more effectively contained, the head of the World Health Organization said on Thursday. The Ebola crisis that began in December 2013 killed 11,

Rates of type 2 diabetes among children in the UK have been rising, and tracking along with increased obesity and severe obesity, researchers say. Based on data for hundreds of thousands of UK children and teens, the study found that obese kids were four

The World Health Organization (WHO) is to launch a pilot project this year to assess cheap copies of expensive biotech cancer drugs in a bid to make such medicines more widely available in poorer countries. The UN agency said on Thursday it would invite d

People who smoke cigarettes may boost their risk of clogged heart arteries by weakening a gene that is otherwise protective of these important blood vessels, US researchers said on Monday. The findings point to a genetic explanation for how smoking can le

Human noise is polluting more than half of natural protected areas in the United States, to such an extent that it could interfere with animals' ability to hunt and survive, researchers said on Thursday. Sounds were recorded at 492 sites meant as havens f

People who fast every other day won't necessarily lose more weight than dieters who cut calories in other ways, a U.S. study suggests. Fasting regimens that involve alternate-day calorie restriction have become increasingly popular, in part because some p

Researchers from Harvard University, Princeton University and the Environmental Defense Fund proposed a new, more precise way to measure the effects of greenhouse gas emissions on Earth's climate in an article published on Thursday in the academic journal

All timings are in PST (Pakistan Standard Time).

Following currency fluctuations took place in foreign exchange rates during the last week. (May 2 to 5, 2017).

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

The weather report on Sunday (April 30, 2017) and the forecast for Monday (May 01, 2017).

Pro-European centrist Emmanuel Macron promised Sunday to heal France's divisions after crushing far-right leader Marine Le Pen in a pivotal presidential election that has given him a large but fragile mandate for change. At 39, the pro-EU former investmen

Pro-European centrist Emmanuel Macron promised Sunday to heal France's divisions after crushing far-right leader Marine Le Pen in a pivotal presidential election that has given him a large but fragile mandate for change. At 39, the pro-EU former investmen

US and Afghan troops killed the leader of the Islamic State group's Afghanistan affiliate in an April raid, US military officials confirmed on Sunday. The raid in Nangarhar province targeted the leader, Abdul Hasib, US-Forces Afghanistan said. It said ear

US and Afghan troops killed the leader of the Islamic State group's Afghanistan affiliate in an April raid, US military officials confirmed on Sunday. The raid in Nangarhar province targeted the leader, Abdul Hasib, US-Forces Afghanistan said. It said ear

The rupee managed to gain modestly against the dollar on the money market during the week, ended on May 6, 2017.

The rupee managed to gain modestly against the dollar on the money market during the week, ended on May 6, 2017.

Commander Southern Command Lieutenant General Amir Riaz, on Sunday, said that the Pakistan army had to destroy four to five Afghan posts after Afghan forces attempted to enter Pakistan. "Anyone who tries to make Pakistan's territory disputed will face sim

Commander Southern Command Lieutenant General Amir Riaz, on Sunday, said that the Pakistan army had to destroy four to five Afghan posts after Afghan forces attempted to enter Pakistan. "Anyone who tries to make Pakistan's territory disputed will face sim

Suspected freedom fighters launched an attack in Indian held Kashmir killing three civilians and a policeman, the latest violence to hit the restive valley, authorities said on Sunday. One of the freedom fighter was also killed when they attacked policeme

Suspected freedom fighters launched an attack in Indian held Kashmir killing three civilians and a policeman, the latest violence to hit the restive valley, authorities said on Sunday. One of the freedom fighter was also killed when they attacked policeme

CoAS General Qamar Javed Bajwa on Sunday visited Karachi Corps HQ. He was briefed on security situation in Karachi, progress of operation Raddul Fasad and support to census in Sindh province. CoAS appreciated the efforts of Pak Army and Pakistan Rangers (

CoAS General Qamar Javed Bajwa on Sunday visited Karachi Corps HQ. He was briefed on security situation in Karachi, progress of operation Raddul Fasad and support to census in Sindh province. CoAS appreciated the efforts of Pak Army and Pakistan Rangers (

Pakistan stock market turned bullish during the outgoing week ended on May 5, 2017 on the back of fresh buying mainly by local investors and institutions. The benchmark KSE-100 index increased by 550.23 points or 1.1 percent on week-on-week basis and clos

Pakistan stock market turned bullish during the outgoing week ended on May 5, 2017 on the back of fresh buying mainly by local investors and institutions. The benchmark KSE-100 index increased by 550.23 points or 1.1 percent on week-on-week basis and clos

Pakistan stock market turned bullish during the outgoing week ended on May 5, 2017 on the back of fresh buying mainly by local investors and institutions. The benchmark KSE-100 index increased by 550.23 points or 1.1 percent on week-on-week basis and clos

The futures spread has increased to 2842bps to negative 32.88 percent on May 5, 2017. Trading activities on the futures counter remained thin as average daily trading volumes decreased by 53.4 percent to 50.24 million shares during the outgoing week. The

The futures spread has increased to 2842bps to negative 32.88 percent on May 5, 2017. Trading activities on the futures counter remained thin as average daily trading volumes decreased by 53.4 percent to 50.24 million shares during the outgoing week. The

Finance Minister Ishaq Dar Sunday urged the Japanese corporations to reap the advantage of economic opportunities in Pakistan. The Japanese firms already working in Pakistan were enjoying tremendous beneficial run, he said during a meeting with the Deputy

Finance Minister Ishaq Dar Sunday urged the Japanese corporations to reap the advantage of economic opportunities in Pakistan. The Japanese firms already working in Pakistan were enjoying tremendous beneficial run, he said during a meeting with the Deputy

Finance Minister Ishaq Dar Sunday urged the Japanese corporations to reap the advantage of economic opportunities in Pakistan. The Japanese firms already working in Pakistan were enjoying tremendous beneficial run, he said during a meeting with the Deputy

Finance Minister Ishaq Dar Sunday urged the Japanese corporations to reap the advantage of economic opportunities in Pakistan. The Japanese firms already working in Pakistan were enjoying tremendous beneficial run, he said during a meeting with the Deputy

Finance Minister Senator Muhammad Ishaq Dar Sunday said Gross Domestic Product (GDP) growth rate is expected to be above five per cent during current fiscal year with inflation slashed to single digit around 4 per cent - the lowest in 47 years. In his add

Finance Minister Senator Muhammad Ishaq Dar Sunday said Gross Domestic Product (GDP) growth rate is expected to be above five per cent during current fiscal year with inflation slashed to single digit around 4 per cent - the lowest in 47 years. In his add

Finance Minister Senator Muhammad Ishaq Dar Sunday said Gross Domestic Product (GDP) growth rate is expected to be above five per cent during current fiscal year with inflation slashed to single digit around 4 per cent - the lowest in 47 years. In his add

Britain's super-rich "kept calm and carried on making billions" despite worries about Brexit, according to The Sunday Times newspaper's Rich List for 2017, with more billionaires living in the country than ever before. In the past 12 months, the total wea

Britain's super-rich "kept calm and carried on making billions" despite worries about Brexit, according to The Sunday Times newspaper's Rich List for 2017, with more billionaires living in the country than ever before. In the past 12 months, the total wea

Britain''s super-rich "kept calm and carried on making billions" despite worries about Brexit, according to The Sunday Times newspaper''s Rich List for 2017, with more billionaires living in the country than ever before. In the past 12 months, the total w

The Cabinet Committee on Energy (CCoE) headed by Prime Minister Nawaz Sharif has rejected a proposal of Chairman Wapda, Lieutenant General Muzammal Hussain (retired), to award contract of 800MW Mohmand hydropower project to FWO-JV on a negotiation basis i

The Cabinet Committee on Energy (CCoE) headed by Prime Minister Nawaz Sharif has rejected a proposal of Chairman Wapda, Lieutenant General Muzammal Hussain (retired), to award contract of 800MW Mohmand hydropower project to FWO-JV on a negotiation basis i

The Cabinet Committee on Energy (CCoE) headed by Prime Minister Nawaz Sharif has rejected a proposal of Chairman Wapda, Lieutenant General Muzammal Hussain (retired), to award contract of 800MW Mohmand hydropower project to FWO-JV on a negotiation basis i

US National Security Adviser Lieutenant General McMaster has noted Pakistan's sacrifices in the war against terrorism during a meeting here with Ambassador Aizaz Ahmad Chaudhry. This was the ambassador's first cabinet level interaction after presenting cr

Friends of former president Asif Ali Zardari viz. Ishfaq Leghari and Ghulam Qadir Marri who had 'gone missing' were recovered on Sunday in Turbat district of Balochistan. Law enforcement agencies recovered the two friends of co-chairman of Pakistan People

Friends of former president Asif Ali Zardari viz. Ishfaq Leghari and Ghulam Qadir Marri who had 'gone missing' were recovered on Sunday in Turbat district of Balochistan. Law enforcement agencies recovered the two friends of co-chairman of Pakistan People

Russian gas firm Gazprom said Sunday construction had begun of a gas pipeline under the Black Sea to Turkey meant to eventually also serve the European Union. "Construction of the TurkStream gas pipeline began in the Black Sea near the Russian coast," Gaz

Russian gas firm Gazprom said Sunday construction had begun of a gas pipeline under the Black Sea to Turkey meant to eventually also serve the European Union. "Construction of the TurkStream gas pipeline began in the Black Sea near the Russian coast," Gaz

Russian gas firm Gazprom said Sunday construction had begun of a gas pipeline under the Black Sea to Turkey meant to eventually also serve the European Union. "Construction of the TurkStream gas pipeline began in the Black Sea near the Russian coast," Gaz

North Korea has detained another US citizen for committing "hostile acts," it said Sunday, its second arrest of an American in a fortnight with tensions high between Pyongyang and Washington. The arrest of Kim Hak-Song means that the North now is holding

North Korea has detained another US citizen for committing "hostile acts," it said Sunday, its second arrest of an American in a fortnight with tensions high between Pyongyang and Washington. The arrest of Kim Hak-Song means that the North now is holding

Iran's President Hassan Rouhani faced furious protests from victims' families on Sunday when he visited the site of a mine accident that claimed dozens of lives, two weeks ahead of an election. News agencies showed people stamping on Rouhani's car and bea

Iran's President Hassan Rouhani faced furious protests from victims' families on Sunday when he visited the site of a mine accident that claimed dozens of lives, two weeks ahead of an election. News agencies showed people stamping on Rouhani's car and bea

So after an absence of two decades from the Kabul political scene, "Rocketyar" has landed back into mainstream politics in Afghanistan. The "Butcher of Kabul," Gulbadin Hekmatyar is known with greater notoriety because of his rockets which devastated so m

Yet another alleged blasphemy case, this time in Balochistan's industrial town of Hub, has led to a mob wanting to act as judge, jury, and executioner. According to reports, the police had arrested a Hindu shop owner on the complaint of some locals and re

Inflation is a function of both internal and external economic factors while in Pakistan the onus can also be placed on "non-economic factors" that include the activities of a 'profiteer' - vendors operating in the informal private sector - who charges ac

China's 'peaceful rise' can be viewed through the lens of a neo-liberal theory of Constructivism. Although IR theory in Mao Zedong's days bore an ideological flavor, it was the end of Cold War that set the stage for alternative theories -namely neo-libera

Valeriya Yevseyeva and her husband Alexei bought a flat last year in a five-storey brick building near a Moscow park where they love to cycle. Now they face the possibility that authorities will demolish their 1950s-era building and rehouse them in a towe

Apropos a Business Recorder news item "Islamabad accused of accelerating demise of PSM" carried by the newspaper on Saturday, the management of Pakistan Steel Mills (PSM) accused federal government of not extending the required funds due to which t

The business community of Southern Punjab urged upon the politicians not to politicize the issue of Kalabagh dam which may bring prosperity, self sufficiency in Pakistan and Kalabagh dam should be taken as a mission by all segments of society as water sho

The business community of Southern Punjab urged upon the politicians not to politicize the issue of Kalabagh dam which may bring prosperity, self sufficiency in Pakistan and Kalabagh dam should be taken as a mission by all segments of society as water sho

Representatives of various farmers associations have demanded United Nation, World Bank and USA to ensure non-stop supply of water through rivers flowing towards Pakistan from Indian Occupied Kashmir under Indus Waters Treaty (IWT), terming it vital for t

Pakistan Tehreek-e-Insaf's Chairman Imran Khan has said on Sunday that an indebted country loses its freedom, Aaj News reported. Speaking at a public rally in Sialkot, Khan gave an example that those gave loan to Pakistan also directed that Pakistan shoul

The water flows in the four live rivers improved by 16,000 cusecs on Sunday following increase in temperature in the upper regions to help reduce the projected 12 percent irrigation water shortage for sowing major Kharif crops including cotton, rice sugar

The three-day annual Digital Youth Summit concluded here on Sunday, with hopes for creation of 75,000 new digital jobs. The summit, whose concluding session was addressed by PTI chairman Imran Khan, was sponsored by the Khyber Pakhtunkhwa Information Tech

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari accorded approval to the names of more office-bearers for his party's Sindh chapter with immediate effect. The PPP Media Cell announced that a notification in this regard was issued by Jameel So

A large number of men, women and students thronged to Peshawar's three-day "Hunar Mela" which ended on Sunday, with traditional music and dances highlighting the event. Young men danced as Humayun Khan, Zafar Khan, Meena Gul, Zahirullah, Falik Shabbir, Ze

A man from Buner district of Khyber Pakhtunkhwa has sought Islamabad police's help to rescue his wife, an Indian national, who he says is being kept at the Indian High Commission against her will since Friday. According to the police, Uzma met Tahir Ali i

Punjab Chief Minister Mian Shahbaz Sharif chaired a meeting on Sunday to review the progress on steps taken to improve the healthcare facilities in the province. Addressing the meeting, the Chief Minister said provision of quality and modern medical facil

Culture Committee, Peshawar Press Club (PPC) in collaboration with Culture Journalists Forum (CJP), Khyber Pakhtunkhwa organized a Mushaira Jeshn-e-Baharan with title Peace and Love here in the Zubair Mir Hall of the club. Renowned poet and writer Profess

Jamaat-e-Islami (JI) Ameer, Senator Siraj-ul-Haq has said that the prevailing status quo is the production of corruption. Addressing a grand Ulema and Mashaikh Convention in Tehmas Khan Stadium, here on Sunday, he said that there is no name of any religio

Model Custom Collectorate - Gwadar during past one month impounded 14 non custom duty paid (smuggled) luxury vehicles, worth Rs 45 million, said Custom Superintendent(Preventive), Muhammad Saleem Khokhar in a statement issued here on Sunday, He also menti

The Pakistan Fruit and Vegetable Exporters, Importers and Merchant Association (PFVA), Sargodha Chamber of Commerce and Industry (SCCI) and other trade bodies have expressed serious concerns over ongoing investigation against certain exporters by Post Cle

Expressing concern over the escalating tension between Pakistan and Afghanistan, the Qaumi Watan Party (QWP) provincial chairman and Khyber Pakhtunkhwa Senior Minister Sikandar Hayat Khan Sherpao said that the deterioration of ties was not in the interest

Police on Sunday registered a case against 80 people for pelting Khyber Pakhtunkhwa Minister for Food Qalandar Khan Lodhi's vehicle with stones. According to details, 18 persons are nominated in the case, however, no arrests have been made yet. The case w

National Assembly Speaker Ayaz Sadiq on Sunday, clarifying Afghan President Ashraf Ghani's 'rejection' last week of an invitation to visit Pakistan, said Ghani had assured him he would visit Islamabad after Prime Minister Nawaz Sharif pays a visit to Afgh

Government-owned National Power Parks Management Company (NPPMCL) signed a 12-year Operations and Maintenance (O&M) agreement with China's state-owned company SEPCOIII for its 1,230MW Haveli Bahadur Shah Combined-Cycle Power Plant in Lahore. CEO NPPMCL Ra

Former prime minister and Pakistan Peoples Party central leader Yousuf Raza Gilani said here on Sunday that PPP not only gave a new identity to Khyber Pakhtunkhwa but also nominated the governor of the province from Federally-Administered Tribal Areas (Fa

Pakistan Peoples Party (PPP) co-chairperson Asif Ali Zardari has cancelled his plan to attend a rally in Lower Dir district in Khyber Pakhtunkhwa on Sunday. The former president was due to deliver a public speech but cancelled his plan at last moment as h

The All Parties Hurriyet Conference (APHC) has expressed concern over illegal detention of political activists in Indian Held Kashmir (IHK) and demanded their immediate release. An APHC spokesman, in a statement in Srinagar, denounced the puppet administr

The police arrested a groom from his Henna ceremony in Lahore on late Sunday. Seven individuals including the groom were arrested from Lahore's Makkah Colony in Gulberg after locals alleged that the event was underway in the residential area. The police r

Sylvestre and Jonathan Wahid, two famous names of French high gastronomy, are visiting Pakistan on the invitation of a private hotel, with the support of the French embassy here, to showcase their culinary skills. Talking to media persons at the residence

Directorate General Intelligence & Investigation (Customs) of the Federal Board of Revenue (FBR) has busted an organized gang involved in smuggling of banned Indian origin grey cloth into Pakistan and intercepted 18 containers loaded with Indian cloths, e

The University of Prince Edward Island Canada and University of Agriculture, Faisalabad (UAF) have inked two Memorandum of understanding to collaborate in the area of research and academia. The MOUs were duly inked by UAF Vice Chancellor Professor Dr Iqra

Minister of State for Broadcasting and Information Marriyum Aurangzeb has asserted on Sunday that a detailed revised notification over Dawn Leaks probe report would be issued either tomorrow or day after tomorrow. While talking to the media in Karachi, th

Karachi Mayor Waseem Akhtar on Sunday offered national cricket star Shahid Khan Afridi a piece of land for establishment of his cricket academy anywhere in the city. Mayor's offer came a day after Afridi expressed disappointment over the non-cooperation o

The High Commission of Pakistan in Colombo hosted a farewell party for outgoing High Commissioner Major General retd Syed Shakeel Hussain, which was attended by scores of local and Pakistani community there. According to a message received here Sunday, th

The Provincial Minister for Finance Dr Ayesha Ghaus Pasha has said that Graduation and Assets Transfer Scheme has been formally launched for making the disabled persons self-sufficient benefiting from "Khidmat Cards" issued by the Punjab Social Protection

Punjab government has formulated a three year well-knitted plan for introducing modern irrigation system in agriculture sector in the province. Sources in agriculture department told Business Recorder here on Sunday that the step was being taken fo

The Khyber Pakhtunkhwa Elementary & Secondary Education has achieved another milestone by launching School Quality Management Initiative (SQMI) in KP Schools. The first phase will start with a pilot in Abbottabad District. In this connection, the Special