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Print - 2017-07-17
Doha mall's $1 billion-plus loan refinancing frozen amid Qatar boycott

Doha mall's $1 billion-plus loan refinancing frozen amid Qatar boycott

The refinancing of a $1 billion loan by Doha Festival City, a retail and hospitality complex in Qatar, has been indefinitely postponed as a diplomatic crisis deters regional banks from doing new Qatari business, bankers said. The refinancing, coordinated
Published 17 Jul, 2017 12:00am
Nerves over ECB's pain threshold keeps euro in check
Exchange

Nerves over ECB's pain threshold keeps euro in check

Many stars would seem to be aligned for further euro appreciation against the dollar, but there is an absence of properly bullish forecasts. This owes more to European Central Bank sensitivities than market dynamics or economic drivers. Forward-looking pr
Published 17 Jul, 2017 12:00am
Carillion bondholders brace for painful talks as shares plunge
Exchange

Carillion bondholders brace for painful talks as shares plunge

Carillion's lenders are preparing for potentially painful restructuring talks if the British construction company is unable to stabilise its business and plunging share price, sources familiar with the company and its investors said. Carillion, which has
Published 17 Jul, 2017 12:00am
Carillion bondholders brace for painful talks as shares plunge
Exchange

Carillion bondholders brace for painful talks as shares plunge

Carillion's lenders are preparing for potentially painful restructuring talks if the British construction company is unable to stabilise its business and plunging share price, sources familiar with the company and its investors said. Carillion, which has
Published 17 Jul, 2017 12:00am
Canada's TSX to plod higher; hit new record by mid-2018

Canada's TSX to plod higher; hit new record by mid-2018

Canada's main stock index will edge up to set a new high by the middle of 2018, a Reuters poll found on Thursday, boosted by moderate economic growth offsetting depressed oil prices and worries about the country's housing market. The median forecast from
Published 17 Jul, 2017 12:00am
Gulf markets mixed; Dubai tests chart barrier
Exchange

Gulf markets mixed; Dubai tests chart barrier

Stock markets in the Gulf were mixed on Sunday with the global uptrend in equities pushing Dubai's index up to test technical resistance but weak corporate earnings hurting Oman. The Dubai index gained 1.0 percent in modest trading volume to close on its
Published 17 Jul, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 80.64-80.64 (previous 80.64-80.64).
Published 17 Jul, 2017 12:00am
Mexico stocks set to outperform Brazil as trade concerns fade

Mexico stocks set to outperform Brazil as trade concerns fade

Mexican stocks are likely to reach an all-time high by the end of the year, outshining Brazilian equities as fears over rising trade barriers in the United States abates, a Reuters poll showed on Wednesday. The survey of equity strategists highlights the
Published 17 Jul, 2017 12:00am
Columbia Threadneedle ups view on stocks to 'overweight'

Columbia Threadneedle ups view on stocks to 'overweight'

Asset manager Columbia Threadneedle's multi-asset team upgraded equities to "overweight," citing clearing political clouds and a sharp improvement in corporate profits, particularly in Europe, for their optimism. Political risk in Europe has weighed heavi
Published 17 Jul, 2017 12:00am
Columbia Threadneedle ups view on stocks to 'overweight'

Columbia Threadneedle ups view on stocks to 'overweight'

Asset manager Columbia Threadneedle's multi-asset team upgraded equities to "overweight," citing clearing political clouds and a sharp improvement in corporate profits, particularly in Europe, for their optimism. Political risk in Europe has weighed heavi
Published 17 Jul, 2017 12:00am
Stress in Japanese corporate bonds seen as a sign of things to come

Stress in Japanese corporate bonds seen as a sign of things to come

Yields are rising in Japan's tiny corporate bond market as traders pre-emptively brace for the Bank of Japan to stop being buyer of last resort, making this market a microcosm of wider fears over the end of Japan's four-year-long stimulus policy. Five yea
Published 17 Jul, 2017 12:00am
Stress in Japanese corporate bonds seen as a sign of things to come

Stress in Japanese corporate bonds seen as a sign of things to come

Yields are rising in Japan's tiny corporate bond market as traders pre-emptively brace for the Bank of Japan to stop being buyer of last resort, making this market a microcosm of wider fears over the end of Japan's four-year-long stimulus policy. Five yea
Published 17 Jul, 2017 12:00am
Thomson Reuters daily FX trading volumes hits one-year high

Thomson Reuters daily FX trading volumes hits one-year high

Trading of all currencies on Thomson Reuters platforms rose to a one-year high of $376 billion per day in June, the company said on Monday, up 7 percent on the previous month. Average volumes for spot trading specifically climbed to $93 billion, up from $
Published 17 Jul, 2017 12:00am
Swiss private bank Falcon introduces bitcoin asset management
Exchange

Swiss private bank Falcon introduces bitcoin asset management

Wealthy clients of Swiss private bank Falcon will be able to store and trade bitcoins via their cash holdings with the bank from Wednesday, a move that signals the traction the virtual currency is gaining even in slow-changing asset management. The group'
Published 17 Jul, 2017 12:00am
Swiss private bank Falcon introduces bitcoin asset management
Exchange

Swiss private bank Falcon introduces bitcoin asset management

Wealthy clients of Swiss private bank Falcon will be able to store and trade bitcoins via their cash holdings with the bank from Wednesday, a move that signals the traction the virtual currency is gaining even in slow-changing asset management. The group'
Published 17 Jul, 2017 12:00am
Wall Street week ahead: housing stocks may not be on terra firma

Wall Street week ahead: housing stocks may not be on terra firma

Investors may have overbuilt US housing stocks as data has yet to match up with the homebuilder sector's biggest rally in five years. The S&P 1500 Homebuilding index of homebuilder companies has surged 32 percent this year and hit a decade-high earlier th
Published 17 Jul, 2017 12:00am
Raza puts Zimbabwe on top in Colombo Test

Raza puts Zimbabwe on top in Colombo Test

Sikandar Raza hit a gritty 97 not out to help Zimbabwe recover from a top-order collapse and stretch their second innings lead over Sri Lanka to 262 in the one-off Test on Sunday. The visitors were 252 for six at stumps on day three, with Raza and Malcolm
Published 17 Jul, 2017 12:00am
Amla leaves England with mountain to climb in second Test

Amla leaves England with mountain to climb in second Test

Hashim Amla helped South Africa pile on the runs to leave England facing what would be a record-breaking chase in the second Test at Trent Bridge on Sunday. South Africa set England 474 to win after declaring their second innings on 343 for nine late on t
Published 17 Jul, 2017 12:00am
Berchelt retains WBC title against proud Miura

Berchelt retains WBC title against proud Miura

Miguel Berchelt retained his WBC world title Saturday with a unanimous decision over former champion Takashi Miura in the first defence of his super featherweight belt. Mexico's Berchelt won almost every round and it showed on the lopsided scorecards but
Published 17 Jul, 2017 12:00am
Mourinho rules out Ronaldo move after United rout Galaxy

Mourinho rules out Ronaldo move after United rout Galaxy

Jose Mourinho ruled out any attempt to bring Cristiano Ronaldo back to Old Trafford after Manchester United opened their US tour here Saturday with a 5-2 rout of the Los Angeles Galaxy. United manager Mourinho is keen to bolster his ranks further after al
Published 17 Jul, 2017 12:00am
Hamilton reigns at Silverstone

Hamilton reigns at Silverstone

Lewis Hamilton swept to his fourth consecutive victory at the British Grand Prix on Sunday to move within a single point of world championship leader Sebastian Vettel. In a dramatic race packed with incident, Vettel suffered a late puncture and finished s
Published 17 Jul, 2017 12:00am
South Africa top World U-18 athletics for first time

South Africa top World U-18 athletics for first time

South Africa completed a clean sweep in the boy's sprints to top the medals table for the first time at the World Under-18 athletics championships in Nairobi on Sunday. South Africa, fifth in 1999 and 2005, amassed ten medals including five golds over the
Published 17 Jul, 2017 12:00am
Federer wins record 8th Wimbledon title

Federer wins record 8th Wimbledon title

Roger Federer won a record eighth Wimbledon title and became the tournament's oldest champion Sunday with a straight-sets victory over injury-hit Marin Cilic who dramatically broke down in tears midway through the final. Federer claimed his 19th Grand Sla
Published 17 Jul, 2017 12:00am
As Washington ponders Afghan mission, Marines toil in Helmand

As Washington ponders Afghan mission, Marines toil in Helmand

While Washington works on plans to send more troops to Afghanistan, US forces on the ground are grappling with building an army in the middle of a war their commanders say is locked in stalemate. It is slow, hot, often frustrating work, ranging from overs
Published 17 Jul, 2017 12:00am
Three inmates killed in Philippine jailbreak

Three inmates killed in Philippine jailbreak

Three inmates were killed Sunday and another was wounded after escaping from jail in a southern Philippine island that is the stronghold of Islamist militants, police said. The casualties were among 14 prisoners who escaped from a police station jail in w
Published 17 Jul, 2017 12:00am
Syria war has killed more than 330,000: monitor

Syria war has killed more than 330,000: monitor

More than 330,000 people have been killed in the Syrian conflict since it started six years ago, around a third of them civilians, a monitor said on Sunday. The Britain-based Syrian Observatory for Human Rights said it has documented the deaths of 331,765
Published 17 Jul, 2017 12:00am
Trump losing public support: poll

Trump losing public support: poll

Public support for President Donald Trump is dropping, a poll showed Sunday, as he faces multiple setbacks over his stalled agenda and efforts to repeal and replace Obamacare. Nearly six months since he took office, Trump is facing a declining approval ra
Published 17 Jul, 2017 12:00am
Defiant Erdogan attacks EU, backs restoring death penalty

Defiant Erdogan attacks EU, backs restoring death penalty

President Tayyip Erdogan on Sunday defiantly stepped up his attacks on the European Union, saying Turkey had to go its own way and vowing to bring back the death penalty if parliament passed it. At the opening ceremony of a memorial dedicated to the rough
Published 17 Jul, 2017 12:00am
Kidnapped US journalist in DR Congo found safe and sound

Kidnapped US journalist in DR Congo found safe and sound

A US journalist kidnapped by a militia group in the Democratic Republic of Congo was found safe and sound early Sunday, a senior official said, as another source said five people had been killed in clashes. "The American journalist Lisa Dupuy was found sa
Published 17 Jul, 2017 12:00am
Estonia to open world's first virtual data embassy

Estonia to open world's first virtual data embassy

Cyber-savvy Estonia has taken yet another step forward in global technology, as the small Baltic state is set to open the world's first data embassy in Luxembourg early next year. The heavily protected server room will contain important Estonian e-governm
Published 17 Jul, 2017 12:00am
France sees Brexit as tool to weaken City of London: leaked memo

France sees Brexit as tool to weaken City of London: leaked memo

France is seeking to use Brexit to weaken the City of London, the British finance sector's EU pointman warned in a leaked report published Sunday. "They are crystal clear about their underlying objective: the weakening of Britain, the ongoing degradation
Published 17 Jul, 2017 12:00am
Former rulers plundered resources ruthlessly: Chief Minister

Former rulers plundered resources ruthlessly: Chief Minister

Punjab Chief Minister Muhammad Shahbaz Sharif here Sunday said that people of Pakistan have given mandate of public-service to PML-N for advancement and prosperity to the nation. Shahbaz Sharif said that corruption of former rulers, who have plundered nat
Published 17 Jul, 2017 12:00am
Tribesmen flay anti-Pakistan jirga held in Kabul

Tribesmen flay anti-Pakistan jirga held in Kabul

The tribal elders have strongly criticized the anti-Pakistan jirga convened in Kabul the other day and stressed upon Afghan government not to allow the Afghan soil to be used against Pakistan. Tribesmen will never hesitate to lay down their lives for the
Published 17 Jul, 2017 12:00am
Unregistered Afghan refugees ordered to leave Mohmand Agency

Unregistered Afghan refugees ordered to leave Mohmand Agency

Security forces and political administration officials on Sunday ordered Afghan refugees who are residing without registration in the area to leave Mohmand Agency. The unregistered Afghan refugees started negotiation with the political administration to g
Published 17 Jul, 2017 12:00am
JI to organise seminar on Fata reforms

JI to organise seminar on Fata reforms

Jamaat e Islami has decided to hold a national seminar on the implementation of the FATA reforms, on July 19 at Mansoora. Senior leaders from different political and religious parties besides notables from the tribal area would address the seminar. This w
Published 17 Jul, 2017 12:00am
KP health budget increased by 39 percent

KP health budget increased by 39 percent

Allocation in budget estimates 2017-18 for health department has been increased from Rs 5,521.645 million to Rs 35,496.385 million, which shows an increase of 39pc, states White Paper of KP budget 2017-18. The budget of health department includes provinci
Published 17 Jul, 2017 12:00am
'CPEC consensus is critical for Pakistan'

'CPEC consensus is critical for Pakistan'

Imtiaz Gul is a noted security analyst based in Islamabad. He is the Executive Director for Center for Research and Security Studies in Islamabad. An expert on geostrategic, security and regional political issues, Mr. Gul has been writing regularly for se
Published 17 Jul, 2017 12:00am
'CPEC consensus is critical for Pakistan'

'CPEC consensus is critical for Pakistan'

Imtiaz Gul is a noted security analyst based in Islamabad. He is the Executive Director for Center for Research and Security Studies in Islamabad. An expert on geostrategic, security and regional political issues, Mr. Gul has been writing regularly for se
Published 17 Jul, 2017 12:00am
Prices of vegetable, pulses surge in retail market

Prices of vegetable, pulses surge in retail market

Prices of vegetable, pulses, fruits, sugar, and other essential kitchen items have increased in the retail market, according to survey conducted by Business Recorder here on Sunday. The vendors in provincial capital Peshawar have attributed the rec
Published 17 Jul, 2017 12:00am
Five of a family washed away in Khuzdar

Five of a family washed away in Khuzdar

A family of five is feared dead after their vehicle was swept away in flood water in Khuzdar, Balochistan. Reports stated that a strong flash flood swept away a car. Locals and authorities were able to recover the body of one of the family members, while
Published 17 Jul, 2017 12:00am
NBP chief calls for superior customer service

NBP chief calls for superior customer service

The President National Bank of Pakistan (NBP) Saeed Ahmad during his address to a gathering of more than 100 NBP regional management and Head Office staff from across Pakistan at a local hotel, emphasized on the importance of customer service to gain comp
Published 17 Jul, 2017 12:00am
SCCI to hold expos of KP-made products at national & international level

SCCI to hold expos of KP-made products at national & international level

Sarhad Chamber of Commerce and Industry (SCCI) has announced that it would hold two exhibitions of Khyber Pakhtunkhwa-made products at national level and two exhibitions at international level. The announcement was made during the executive committee meet
Published 17 Jul, 2017 12:00am
KU cancels four admissions over tampered marks sheets

KU cancels four admissions over tampered marks sheets

The University of Karachi has cancelled admissions of four students on the charges of submitting `tampered marks sheets. An official of the institution said on Sunday that Director Admissions Professor Dr Muhammad Ahmed Qadri has notified that on verifica
Published 17 Jul, 2017 12:00am
KP decides not to borrow loans for wheat purchase

KP decides not to borrow loans for wheat purchase

The provincial government of Khyber Pakhtunkhwa has decided not to borrow loans from the commercial banks for the purchase of wheat and will utilize its credit in the Food Account, properly known as Account-II of Food Department to avoid the payment of ma
Published 17 Jul, 2017 12:00am
Major rivers flowing normal: FFC

Major rivers flowing normal: FFC

The Federal Flood Commission (FFC) Sunday said no flood situation in the country as major rivers including Indus, Jhelum, Chenab, Ravi and Sutlej are flowing normal. According to daily FFC report on Sunday, only River Kabul in Warsak- Nowshera Reach and i
Published 17 Jul, 2017 12:00am
Naz Baloch parts ways with PTI, joins PPP

Naz Baloch parts ways with PTI, joins PPP

Pakistan Tehreek-e-Insaf (PTI) leader Naz Baloch on Sunday announced her joining of the PPP, alleging that the PTI's focus is centered on Punjab and not Sindh. Baloch, the daughter of prominent PPP leader Abdullah Baloch, made the announcement at a press
Published 17 Jul, 2017 12:00am
23 health officers leave for Turkey

23 health officers leave for Turkey

Three different batches comprising of 23 officers through Turkish Airlines TK-715 left for Turkey on Sunday morning for free training (totally sponsored by Ministry of Health Turkey). Those going for training include10 doctors and nurses from Recep Tayyip
Published 17 Jul, 2017 12:00am
DGTO registers Swabi Chamber of Commerce and Industry

DGTO registers Swabi Chamber of Commerce and Industry

The office of the Director General Trade Organizations (DGTO) has registered Swabi Chamber of Commerce and Industry (SCCI) to pave way for the establishment of first-ever trade body in the district. This was announced by president, Gadoon Industrial Assoc
Published 17 Jul, 2017 12:00am
Nawaz indispensable for Pakistan, says Muqam

Nawaz indispensable for Pakistan, says Muqam

Advisor to Prime Minister and Pakistan Muslim League-Nawaz (PML-N) KP chapter president, Engr Amir Muqam has said that conspiracies aimed at destabilizing the country would be foiled with public support. "Anti-state and anti-CPEC forces cannot succeed in
Published 17 Jul, 2017 12:00am
SCCI for setting up 'support industry' to substitute import

SCCI for setting up 'support industry' to substitute import

President Sialkot Chamber of Commerce and Industry (SCCI), Majid Raza Bhutta, has urged the government to take drastic steps for setting up "Support Industry" in the country and government should encourage the businessmen and investors to invest in suppor
Published 17 Jul, 2017 12:00am
Lesco losses surge to 21 percent due to power-theft incidents

Lesco losses surge to 21 percent due to power-theft incidents

Power theft rose to new levels in Lahore Electricity Supply Company (LESCO) as soon as the summer season set in. From 5.5% during the winters, the power theft has surged to 21% as millions of units were lost in the lines. According to the statistics, the
Published 17 Jul, 2017 12:00am
International Justice Day today

International Justice Day today

The International Justice Day is being celebrated throughout the world including Pakistan today (July 17) as part of an effort to recognize the emerging system of international criminal justice. In his message on the occasion Chief Minister Muhammad Shahb
Published 17 Jul, 2017 12:00am
PTI leader terms Fazl an 'opportunist'

PTI leader terms Fazl an 'opportunist'

Calling Maulana Fazlur Rehman an opportunist, Pakistan Tehreek-e-Insaf (PTI)'s Central Information Secretary Shafqat Mahmood on Sunday said the ruling party is taking fright at situation arising from Panamagate Joint Investigation Team (JIT)'s report subm
Published 17 Jul, 2017 12:00am
Army chief's commitment to CPEC projects hailed

Army chief's commitment to CPEC projects hailed

Multan Chamber of Commerce & Industry (MCCI) on Sunday welcomes the Chief of Army Staff General Qamar Bajwa's pledge to make China Pakistan Economic Corridor (CPEC) successful. MCCI President, Khawaja Jalaluddin Roomi, said that the government and militar
Published 17 Jul, 2017 12:00am
'Kashmir movement linked with prosperity of Pakistan'

'Kashmir movement linked with prosperity of Pakistan'

Ameer of Tanzeem-e-Islami, Hafiz Aakif Saeed has said that the success of the freedom movement in Occupied Kashmir is firmly linked with the establishment of the Islamic System of Social Justice in Pakistan. While talking to the members of Tanzeem-e-Islam
Published 17 Jul, 2017 12:00am
Siraj urges political, army leadership to get rid of US blackmailing

Siraj urges political, army leadership to get rid of US blackmailing

Chief of Jamaat e Islami Pakistan, Sirajul Haq has stressed upon the political and military leadership of the country to work out a common strategy to get rid of the US blackmailing in the future. While talking to different delegations at Mansoora on Sund
Published 17 Jul, 2017 12:00am
New FBR Member faces challenge to meet collection target

New FBR Member faces challenge to meet collection target

The new Federal Board of Revenue (FBR) Member Inland Revenue (IR) Operations Khawaja Tanveer Ahmad (Inland Revenue Service/BS-21) is facing a big challenge to enforce an effective enforcement strategy at the level of field formations to meet the ambitious
Published 17 Jul, 2017 12:00am
What will be Sharifs' legal strategy?

What will be Sharifs' legal strategy?

The legal strategy of ruling Sharif family still remains unclear as three-member bench of the Supreme Court (SC) of Pakistan headed by Justice Ejaz Afzal Khan, is going to resume hearing on the Panama Papers case on Monday. The Joint Investigation Team fo
Published 17 Jul, 2017 12:00am
'Sharif brothers used PML-N to whiten money'

'Sharif brothers used PML-N to whiten money'

Sharif brothers have used Pakistan Muslim League-Nawaz (PML-N) as a tool to whiten their black money, said Pakistan Tehreek-e-Insaf (PTI) spokesperson Fawad Chaudhry on Sunday while addressing a press conference here. He said that when Nawaz Sharif came i
Published 17 Jul, 2017 12:00am
Nawaz Sharif to land in Adiala Jail, claims Imran

Nawaz Sharif to land in Adiala Jail, claims Imran

Prime Minister Nawaz Sharif will find no place to hide and soon land in Adiala Jail as an outcome of Panama Papers case in the Supreme Court and no country including Indian Prime Minister Modi and the US President Donald Trump could save him now. Pakistan
Published 17 Jul, 2017 12:00am
Federal capital's BHUs to be upgraded

Federal capital's BHUs to be upgraded

The government has planned to upgrade all basic health care units (BHUs) in rural areas of the federal capital to reduce workload on major hospitals. According to an official of Capital Administration and Development Division (CADD), the proposal was made
Published 17 Jul, 2017 12:00am
Panama case to be decided within a week: Shah

Panama case to be decided within a week: Shah

Leader of the Opposition in the National Assembly Syed Khursheed Shah said on Sunday that the decision of the ongoing Panama case in the Supreme Court would come out within a week. The Opposition leader was addressing a press conference in Sukkur. He said
Published 17 Jul, 2017 12:00am
Another case filed against MPA Achakzai

Another case filed against MPA Achakzai

Balochistan police have registered yet another case against MPA Abdul Majeed Achakzai for driving an unregistered vehicle. The Civil Lines Police Station registered case against the Pakhtunkhwa Milli Awami Party MPA after forensic examination of his vehic
Published 17 Jul, 2017 12:00am
Musharraf lauds JIT's work

Musharraf lauds JIT's work

Former army chief general Pervez Musharraf (retd) has said that JIT carried out investigation against Sharif family with honesty. In a statement, he salutes the members of the JIT probing offshore wealth of Sharif family in Panamagate Case. He added that
Published 17 Jul, 2017 12:00am
Old enmity claims boy's life

Old enmity claims boy's life

A fourteen years old student was shot dead over land dispute in cross firing between two rival groups in Khuga Khel area of Tehsil Landi Kotal in tribal Khyber Agency on Sunday. The administration and local sources informed that Wali Muhammad and Naik Muh
Published 17 Jul, 2017 12:00am
16,860 candidates appear in UET entry test

16,860 candidates appear in UET entry test

Around 16,860 candidates from Khyber Pakhtunkhwa, FATA, AJK and Gilgit Baltistan appeared in the entry test for the academic session of 2017-18 of the University of Engineering and Technology, Peshawar, simultaneously conducted at Peshawar, Abbottabad, Sw
Published 17 Jul, 2017 12:00am
Gilani, Murad discuss political situation

Gilani, Murad discuss political situation

Former prime minister and Pakistan Peoples Party leader Yusuf Raza Gilani on Sunday called on Sindh Chief Minister Murad Ali Shah at the CM House. They discussed a range of issues, including the current political situation in the country. They also discus
Published 17 Jul, 2017 12:00am
Panama Papers case: Bilour advises Imran to wait for SC order

Panama Papers case: Bilour advises Imran to wait for SC order

Awami National Party senior leader, MNA Ghulam Ahmad Bilour termed the immediate demand of PM's resignation after JIT report, an agenda of Imran Khan to win voters' sympathies. He further said that they should wait for the Supreme Court order in Panama Le
Published 17 Jul, 2017 12:00am
Karachi reclaims its status of 'the city of lights': DG Rangers

Karachi reclaims its status of 'the city of lights': DG Rangers

Director General Sindh Rangers, Major General Mohammed Saeed, has said that Karachi has reclaimed its status as the city of lights, which is flourishing and its citizens are no longer afraid for their lives. "The city has once again become a city of light
Published 17 Jul, 2017 12:00am
PML-N should challenge JIT report: Bizenjo

PML-N should challenge JIT report: Bizenjo

Federal Minister for Ports and Shipping Mir Hasil Bizenjo said that JIT is based on bad intensions and it seems that JIT is not investigating political, but criminal people, adding that the prime minister accepted court verdicts with honest intensions, wh
Published 17 Jul, 2017 12:00am
179,210 pilgrims to perform Hajj this year: DG

179,210 pilgrims to perform Hajj this year: DG

Director General of Hajj Dr Sajid Yousaf in Jeddah said on Sunday that this year 179,210 Pakistani pilgrims will perform Hajj. The government scheme hajj includes 107,526 hujjaj, while the rest would perform hajj through private hajj operators, said a pre
Published 17 Jul, 2017 12:00am
People remain indifferent to long marches, sit-ins: Shahbaz

People remain indifferent to long marches, sit-ins: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that our sensible people by remaining indifferent to long marches, sit-ins and protests have demonstrated that they only want development of their country. "People of Pakistan have given the mandate of public-
Published 17 Jul, 2017 12:00am
Merkel pressed to boost investment as poll race looms

Merkel pressed to boost investment as poll race looms

Germany should be legally bound to invest in infrastructure, the centre-left challenger to Chancellor Angela Merkel in September elections said Sunday. Cash-rich Germany is also facing pressure from its trading partners to spend more to cut its massive tr
Published 17 Jul, 2017 12:00am
Rollercoaster cars crash at Spanish park, 26 hurt

Rollercoaster cars crash at Spanish park, 26 hurt

At least 26 people were lightly injured in a collision between two trains on a rollercoaster at one of Spain's oldest theme parks on Sunday, emergency services said. The accident at the Parque de Atracciones in Madrid happened as one train that had just c
Published 17 Jul, 2017 12:00am
Thousands rally against court reforms in Poland

Thousands rally against court reforms in Poland

Waving Polish and EU flags and chanting democracy slogans, several thousand people rallied in Warsaw on Sunday to protest against controversial new court reforms they see as a threat to judicial independence. Police said around 4,500 people attended the d
Published 17 Jul, 2017 12:00am
Expatriates Venezuelans join unofficial vote against Maduro

Expatriates Venezuelans join unofficial vote against Maduro

Venezuelan expatriates began voting in hundreds of cities worldwide on Sunday in a unofficial plebiscite that aims to challenge President Nicolas Maduro and his plans to rewrite the constitution. With improvised polling stations in more than 80 countries,
Published 17 Jul, 2017 12:00am
Canada fires drive thousands more out of their homes

Canada fires drive thousands more out of their homes

Thousands of people fled their homes in western Canada over the weekend as strong winds fanned forest fires that have ravaged British Columbia province for more than a week. The inferno's progress prompted authorities to take new emergency measures, order
Published 17 Jul, 2017 12:00am
Italy postpones hotly-contested immigrant citizenship law

Italy postpones hotly-contested immigrant citizenship law

Italy's government will not try to push through a law that would grant citizenship to the children of immigrants in the next few weeks, Prime Minister Paolo Gentiloni said on Sunday. The draft law faced opposition from politicians including members of a s
Published 17 Jul, 2017 12:00am
Senegal suspends sports events after stadium tragedy

Senegal suspends sports events after stadium tragedy

Senegal on Sunday suspended all sports and cultural events until elections at the end of the month, a day after eight people died in a football stadium disaster. Legislative elections are due on July 30 and tensions are running high with prominent opposit
Published 17 Jul, 2017 12:00am
Iran says jails US dual national for 10 years for spying
Exchange

Iran says jails US dual national for 10 years for spying

An Iranian court has sentenced a US dual national to 10 years in jail on spying charges, Iran's judiciary spokesman said on Sunday, the latest case involving dual citizens held on security charges in the country. The spokesman did not name the person or g
Published 17 Jul, 2017 12:00am
Two killed in China supermarket knife attack

Two killed in China supermarket knife attack

A man armed with a kitchen knife killed two people and wounded nine others in a Wal-Mart supermarket in the southern Chinese city of Shenzhen Sunday night, state media reported. The 30-year-old suspect was detained following the attack in the outlet in th
Published 17 Jul, 2017 12:00am
Housing fire in China kills 22, injures three

Housing fire in China kills 22, injures three

At least 22 people were killed when a two-storey residential building in China's eastern Jiangsu province caught fire on Sunday, the official Xinhua news agency cited local authorities as saying. The fire broke out before dawn at the building in the town
Published 17 Jul, 2017 12:00am
Nato urges Turkey, Germany to settle air base row
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Nato urges Turkey, Germany to settle air base row

Nato's Secretary General has urged the Turkish and German foreign ministers to resolve their differences over visits to Turkish air bases, part of a wider row between the two allies. Germany has refused to extradite asylum seekers Turkey says were involve
Published 17 Jul, 2017 12:00am
'Fit & proper test' criterion

'Fit & proper test' criterion

Reference the report published in a leading English daily of July 13, 2017 under the caption "Saeed ran nursing home before getting SBP, NBP posts: Dar". This is very dismal state of affairs under which the country is being run. The results of which are b
Published 17 Jul, 2017 12:00am
China's offer to India

China's offer to India

India's Ministry of External Affairs (MEA) is said to have told the world in general and China in particular that it would never allow any third-party role in its bilateral relationship with Pakistan. Its response has come after China made an offer that i
Published 17 Jul, 2017 12:00am
Greece heading for bond market test 'within days'

Greece heading for bond market test 'within days'

Bolstered by its third bailout programme and positive reports from the European Union, Greece is planning an imminent test of the bond market, local media said this weekend. Greece is eyeing "the current positive trend" in the market, where liquidity leve
Published 17 Jul, 2017 12:00am
Romping rupee
Exchange

Romping rupee

The frolics of the Rupee could make for a good plot for a Bond movie; the evil Spectre orchestrating the fall of the currency of a let's just say highly capable nation with an intent to destabilise, pursuant to a nefarious plan to profit from the conseque
Published 17 Jul, 2017 12:00am
Man is nothing else but...
Exchange

Man is nothing else but...

We, the nation, are ashamed of Pakistan's Prime Minister and his inner coterie for continuing to challenge the intelligence of the people of this country by implying that the Panama Papers are an international (reference to damning letters written by Atto
Published 17 Jul, 2017 12:00am
Iraqi forces retake Mosul

Iraqi forces retake Mosul

The Iraqi forces have taken back Mosul from the Islamic State of Iraq and the Levant (ISIL) or Daesh, and there are also reports that the entity's founder Abu-Bakr al-Baghdadi is dead. President Trump, for example, has tweeted: "Big wins against ISIS (ISI
Published 17 Jul, 2017 12:00am
IMF's assessment
Exchange

IMF's assessment

International Monetary Fund (IMF) has uploaded the 2017 Article IV consultations on its website and self-servingly maintained that macroeconomic risks have begun to re-emerge since the completion of the three-year Extended Fund Facility (EFF) programme in
Published 17 Jul, 2017 12:00am
Macron, Netanyahu mark 75 years since Paris roundup of Jews

Macron, Netanyahu mark 75 years since Paris roundup of Jews

Israeli Prime Minister Benjamin Netanyahu joined a ceremony in Paris on Sunday marking 75 years since the roundup of 13,000 Jews sent to Nazi death camps, with French President Emmanuel Macron saying France's responsibility was a "stark truth". Speaking n
Published 17 Jul, 2017 12:00am
Macron, Netanyahu mark 75 years since Paris roundup of Jews

Macron, Netanyahu mark 75 years since Paris roundup of Jews

Israeli Prime Minister Benjamin Netanyahu joined a ceremony in Paris on Sunday marking 75 years since the roundup of 13,000 Jews sent to Nazi death camps, with French President Emmanuel Macron saying France's responsibility was a "stark truth". Speaking n
Published 17 Jul, 2017 12:00am
Iran president's brother held on financial crime charges
Exchange

Iran president's brother held on financial crime charges

Iran's judiciary on Sunday announced the arrest of President Hassan Rouhani's brother Hossein Fereydoun on financial crime charges, in a long-running feud between two of the country's centres of power. "Multiple investigations have been conducted regardin
Published 17 Jul, 2017 12:00am
Iran president's brother held on financial crime charges
Exchange

Iran president's brother held on financial crime charges

Iran's judiciary on Sunday announced the arrest of President Hassan Rouhani's brother Hossein Fereydoun on financial crime charges, in a long-running feud between two of the country's centres of power. "Multiple investigations have been conducted regardin
Published 17 Jul, 2017 12:00am
IHC issues notices to Haroon, FBR chief, RTO officials

IHC issues notices to Haroon, FBR chief, RTO officials

Islamabad High Court (IHC) has issued notices to Special Assistant to Prime Minister on Revenue Haroon Akhtar, Chairman Federal Board of Revenue and FBR officials of Regional Tax Office Islamabad in response to a petition that challenged the order passed
Published 17 Jul, 2017 12:00am
IHC issues notices to Haroon, FBR chief, RTO officials

IHC issues notices to Haroon, FBR chief, RTO officials

Islamabad High Court (IHC) has issued notices to Special Assistant to Prime Minister on Revenue Haroon Akhtar, Chairman Federal Board of Revenue and FBR officials of Regional Tax Office Islamabad in response to a petition that challenged the order passed
Published 17 Jul, 2017 12:00am
IHC issues notices to Haroon, FBR chief, RTO officials

IHC issues notices to Haroon, FBR chief, RTO officials

Islamabad High Court (IHC) has issued notices to Special Assistant to Prime Minister on Revenue Haroon Akhtar, Chairman Federal Board of Revenue and FBR officials of Regional Tax Office Islamabad in response to a petition that challenged the order passed
Published 17 Jul, 2017 12:00am
JUI-F's Usman Badini wins NA-260 seat

JUI-F's Usman Badini wins NA-260 seat

Unofficial results for by-election on the National Assembly constituency NA-260 (Quetta-cum-Chagai) declared Jamiat Ulema-e-Islam-Fazl's (JUI-F) Usman Badini the winner with 42,636 votes. Balochistan National Party-Mengal (BNP-M) Bahadur Khan Mengal stood
Published 17 Jul, 2017 12:00am
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