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Print - 2018-01-13
MoneyGram picks Brussels as post-Brexit HQ alternative

MoneyGram picks Brussels as post-Brexit HQ alternative

US money transfer giant MoneyGram has picked Brussels as a possible alternative to London for its EU headquarters after Brexit, it emerged on Friday. Texas-based MoneyGram follows a long list of global companies that are contingency planning for Britain's
Published 13 Jan, 2018 12:00am
US government posts $23 billion deficit in December

US government posts $23 billion deficit in December

The US government reported a $23 billion deficit in December, the Treasury Department said on Thursday. That compared with a budget deficit of $27 billion in the same month last year, according to Treasury's monthly budget statement. Economists polled by
Published 13 Jan, 2018 12:00am
Chinese chosen to build controversial Croatia bridge

Chinese chosen to build controversial Croatia bridge

A Chinese consortium was chosen to build a controversial bridge deemed vital for Croatia's tourism industry, officials said Friday, announcing the first significant Chinese investment in the European Union member. The 2.08-billion-kuna (279-million-euro,
Published 13 Jan, 2018 12:00am
White House hails dip in Chinese trade with North Korea

White House hails dip in Chinese trade with North Korea

The White House on Friday welcomed news of a drop in Chinese trade with North Korea, saying it would help put pressure on the Pyongyang regime. "The Donald J. Trump Administration is pleased that China is sharply reducing its trade with North Korea," the
Published 13 Jan, 2018 12:00am
China's US surplus jumps as trade with world picks up

China's US surplus jumps as trade with world picks up

China's trade surplus with the United States expanded last year, raising the possibility of fresh blowback from President Donald Trump who has often bashed Beijing over the issue and fanned fears of a trade war. The increase came despite a tumble in China
Published 13 Jan, 2018 12:00am
Ford urges 2,900 pickup owners to stop driving after new Takata death

Ford urges 2,900 pickup owners to stop driving after new Takata death

Ford Motor Co said on Thursday it had confirmed a second death in an older pickup truck caused by a defective airbag inflator of Takata Corp and urged 2,900 owners in North America to stop driving immediately until they can get replacement parts.
Published 13 Jan, 2018 12:00am
Rents boost US core CPI; retail sales rise solidly

Rents boost US core CPI; retail sales rise solidly

Underlying US consumer prices recorded their largest increase in 11 months in December on gains in the cost of rental accommodations and healthcare, bolstering expectations that inflation will accelerate this year. The strengthening domestic demand was al
Published 13 Jan, 2018 12:00am
Sri Lankan shares hit over one-week low

Sri Lankan shares hit over one-week low

Sri Lankan shares fell for a fourth straight session on Friday to hit a more than one-week closing low on profit-booking in blue chip stocks. The Colombo Stock Index ended 0.35 percent weaker at 6,473.62, its lowest close since January 4. Turnover stood a
Published 13 Jan, 2018 12:00am
Tokyo stocks lower

Tokyo stocks lower

Tokyo stocks fell on Friday as a higher yen weighed on the market, while investors were also cautious ahead of the release of US inflation figures. The benchmark Nikkei 225 index lost 0.24 percent or 56.61 points to close at 23,653.82, leaving it down 0.2
Published 13 Jan, 2018 12:00am
Friday's early afternoon trade: Wall Street scales record highs

Friday's early afternoon trade: Wall Street scales record highs

Wall Street rose to record highs on Friday as fourth-quarter earnings season kicked off with solid results from JPMorgan and BlackRock and robust retail sales drove gains for consumer stocks. JPMorgan, the biggest US lender by assets, said the new tax law
Published 13 Jan, 2018 12:00am
Wall Street rises with oil prices, earnings optimism
Exchange

Wall Street rises with oil prices, earnings optimism

Wall Street closed at record highs on Thursday as rising oil prices lifted energy stocks and investors bet on a strong US corporate earnings season. The S&P energy sector closed up 2 percent as Brent crude went above $70 a barrel for the first time since
Published 13 Jan, 2018 12:00am
Hang Seng index rises for 14th day

Hang Seng index rises for 14th day

Hong Kong's Hang Seng Index ended trading at a record high on Friday, after rising for 14 consecutive days in the longest ever winning streak that reflects sustained investor optimism even after a bumper 2017. Market sentiment was buoyed by signs of conce
Published 13 Jan, 2018 12:00am
US bonds recover after China denies reductions
Exchange

US bonds recover after China denies reductions

Treasury yields fell on Thursday after China disputed a report that its government officials had recommended the country slow or halt its purchases of US bonds. China is diversifying its foreign exchange reserves in order to safeguard their value, the cou
Published 13 Jan, 2018 12:00am
US bonds recover after China denies reductions
Exchange

US bonds recover after China denies reductions

Treasury yields fell on Thursday after China disputed a report that its government officials had recommended the country slow or halt its purchases of US bonds. China is diversifying its foreign exchange reserves in order to safeguard their value, the cou
Published 13 Jan, 2018 12:00am
Indian shares post sixth straight weekly gain

Indian shares post sixth straight weekly gain

Indian shares edged higher on Friday to a record close, boosted by surging financial and energy stocks, while investors awaited monthly inflation data for clues on the central bank's monetary policy. The broader NSE index closed 0.28 percent higher at 10,
Published 13 Jan, 2018 12:00am
Shanghai stocks remain up for 11th day
Exchange

Shanghai stocks remain up for 11th day

China stocks managed to look past soft trade data and end the week higher on Friday, with the benchmark Shanghai index up for the 11th straight session on strong gains in consumer and financial firms. China's exports and imports growth slowed in December
Published 13 Jan, 2018 12:00am
Dealmaking drives sharp moves as European shares rise

Dealmaking drives sharp moves as European shares rise

Dealmaking activity drove sharp share price moves in Europe on Friday with British engineer GKN leaping after it rejected an unsolicited offer from rival Melrose. A gain of over 26 percent in GKN and strength in the auto sector led a broad-based rally, he
Published 13 Jan, 2018 12:00am
Nigerian stocks climb to nine-year high

Nigerian stocks climb to nine-year high

Nigerian stocks climbed to a nine-year high on Friday before edging down as some investors chose to lock in their profits. The equity market gained more than 1 percent during the day, but was down 0.33 percent at the close, below 43,000 points. Stocks hav
Published 13 Jan, 2018 12:00am
Southeast Asia stocks mostly higher

Southeast Asia stocks mostly higher

Most Southeast Asian stock markets ended higher on Friday, led by Thailand, tracking gains in broader Asia as strong Chinese trade data and optimism ahead of the US corporate earnings season buoyed sentiment. Asian shares ex-Japan rose 0.8 percent followi
Published 13 Jan, 2018 12:00am
FTSE hits a record as Melrose bid rejection lifts GKN

FTSE hits a record as Melrose bid rejection lifts GKN

Britain's top share index held onto record high levels on Friday, supported by a sharp rise in British engineering group GKN which said it had rejected an unsolicited offer from rival Melrose. The FTSE 100 benchmark was up 0.2 percent at 7,778.64 points a
Published 13 Jan, 2018 12:00am
Tesla faces fresh Norway lawsuit over false advertising

Tesla faces fresh Norway lawsuit over false advertising

Nearly 80 Tesla owners in Norway have sued the US automaker over misleading advertising, saying their electric car did not deliver the promised performance, Norwegian daily Dagens Naeringsliv (DN) reported on Thursday.
Published 13 Jan, 2018 12:00am
Delta sees double benefit from tax cut
Exchange

Delta sees double benefit from tax cut

Delta Air Lines Inc is anticipating a double benefit from the US corporate tax cut this year as it saves money on its own bill and expects an uptick in business travel as companies use tax savings to invest in generating new business. "We're very excited
Published 13 Jan, 2018 12:00am
Danish wind power whips up record 43 percent of electricity

Danish wind power whips up record 43 percent of electricity

Wind power generated 43.4 percent of electricity consumed in Denmark last year, a new record for the Nordic nation which aims to rely on renewables for half of its energy needs by 2030, authorities said Thursday.
Published 13 Jan, 2018 12:00am
Tesco reports sales boost, despite high UK inflation

Tesco reports sales boost, despite high UK inflation

Supermarket group Tesco, Britain's biggest retailer, announced Thursday a rise in sales over the key Christmas period, despite high UK inflation weighing on consumer incomes. But its share price was the biggest loser on London's benchmark FTSE 100 index,
Published 13 Jan, 2018 12:00am
China lavishes cash on ally Cambodia with eyes on the Mekong

China lavishes cash on ally Cambodia with eyes on the Mekong

Beijing has pledged billions of dollars to build new infrastructure in Cambodia, officials said Thursday, as Chinese Premier Li Keqiang ended a two-day charm offensive currying favour for its mega-dams across the Mekong.
Published 13 Jan, 2018 12:00am
Too hot to handle? Shell's Gaza gas field sale hits problems

Too hot to handle? Shell's Gaza gas field sale hits problems

It may prove to be Royal Dutch Shell's hardest sell. The Anglo-Dutch group is struggling to find a buyer for its gas field off the Gaza Strip, even among energy companies long used to dealing with projects fraught with political and security risks.
Published 13 Jan, 2018 12:00am
India's TCS records 3.6 percent decline

India's TCS records 3.6 percent decline

India's biggest IT sourcing firm Tata Consultancy Services (TCS) on Thursday reported a 3.6 percent fall in quarterly earnings due to falling demand for its banking and financial services. The software giant said net profit for the three months to Decembe
Published 13 Jan, 2018 12:00am
India's TCS records 3.6 percent decline

India's TCS records 3.6 percent decline

India's biggest IT sourcing firm Tata Consultancy Services (TCS) on Thursday reported a 3.6 percent fall in quarterly earnings due to falling demand for its banking and financial services. The software giant said net profit for the three months to Decembe
Published 13 Jan, 2018 12:00am
Lufthansa CEO calls for significant Alitalia cuts

Lufthansa CEO calls for significant Alitalia cuts

Lufthansa sees a need for significant restructuring at Italy's Alitalia before the German group would be prepared to buy the airline, Lufthansa's chief executive said in a letter seen by Reuters, tempering expectations for a quick deal.
Published 13 Jan, 2018 12:00am
Dollar under pressure in Asian trade
Exchange

Dollar under pressure in Asian trade

The dollar slumped against rivals on Friday on the back of weak factory inflation data, while the euro enjoyed solid support after the European Central Bank hinted that it could be gearing up to trim its massive monetary stimulus.
Published 13 Jan, 2018 12:00am
Euro surges above $1.21 to 3-year high in Europe
Exchange

Euro surges above $1.21 to 3-year high in Europe

The euro surged above $1.21 to a three-year high on Friday on bets the European Central Bank is getting ready to wind down its huge monetary stimulus, and after German Chancellor Angela Merkel reached a deal that should lead to the formation of a "grand c
Published 13 Jan, 2018 12:00am
Early trade in New York: dollar surges to three-year high
Exchange

Early trade in New York: dollar surges to three-year high

The dollar slumped to a more than three-year low against the euro on Friday, as the common currency extended its gains on hopes that European Central Bank policymakers are preparing to reduce their vast monetary stimulus programme. The euro was up 0.9 per
Published 13 Jan, 2018 12:00am
Euro soars in NY, bitcoin slips
Exchange

Euro soars in NY, bitcoin slips

The euro rallied against the greenback on Thursday after the European Central Bank said it could revisit its communication stance in early 2018, boosting expectations that policymakers are preparing to reduce their vast monetary stimulus programme.
Published 13 Jan, 2018 12:00am
China's yuan edges up

China's yuan edges up

China's yuan firmed against the US dollar on Friday, on course for its fifth straight winning week, buoyed by rising corporate dollar sales and sustained strength in the country's exports. China's December exports rose 10.9 percent from a year earlier, be
Published 13 Jan, 2018 12:00am
Asian currencies broadly up

Asian currencies broadly up

Asian currencies were broadly firmer on Friday, as the dollar slumped in the wake of weak factory inflation data and hawkish comments from the European Central Bank. The euro firmed against the dollar on Thursday after minutes of the ECB's December meetin
Published 13 Jan, 2018 12:00am
Sri Lankan rupee down
Currency

Sri Lankan rupee down

The Sri Lankan rupee closed weaker on Friday as dollar demand from importers and banks surpassed mild conversions by exporters, dealers said. The spot rupee traded at 153.97 during the day before ending at 153.95/154.05, compared with Thursday's close of
Published 13 Jan, 2018 12:00am
Sterling jumps against dollar
Currency

Sterling jumps against dollar

Sterling on Friday rocketed to its highest level against the dollar since the vote to leave the European Union, after a report that the Netherlands and Spain were open to a deal for Britain to remain as close as possible to the trading bloc. The pound tra
Published 13 Jan, 2018 12:00am
Aussie, kiwi climb

Aussie, kiwi climb

The Australian and New Zealand dollars both hit four-month highs on Friday as their US counterpart came under broad based pressure, though trade figures from China proved too mixed to provide any further impetus. The Aussie dollar broke above 79 cents for
Published 13 Jan, 2018 12:00am
Del Potro floors Ferrer to reach Auckland final

Del Potro floors Ferrer to reach Auckland final

Juan Martin del Potro reached his third final in his last four tournaments when he beat David Ferrer in straight sets to set up an Auckland Classic decider against Robert Bautista Agut on Friday. Del Potro, the 2009 US Open champion and Auckland winner, b
Published 13 Jan, 2018 12:00am
Kerber to face Barty in Sydney WTA final
Kerb

Kerber to face Barty in Sydney WTA final

Germany's former world No.1 Angelique Kerber won her eighth consecutive match on Friday and will play Australian Ashleigh Barty in the final of the Sydney International. Kerber, who began last year as No.1 before finishing at No.22, continued her 2018 res
Published 13 Jan, 2018 12:00am
Saudi women attend football game for the first time

Saudi women attend football game for the first time

Saudi Arabia allowed women to enter a football stadium for the first time to watch a match Friday, as the ultra-conservative kingdom eases strict decades-old rules separating the sexes. The new measure comes after Riyadh, long known for imposing harsh res
Published 13 Jan, 2018 12:00am
Sanchez future uncertain, says Wenger

Sanchez future uncertain, says Wenger

Arsene Wenger said Friday there is nothing "concrete" on Alexis Sanchez's future despite reported interest from both Manchester clubs but stated he will only be sold this month if Arsenal can find a replacement. Sanchez, out of contract at the end of the
Published 13 Jan, 2018 12:00am
Netball trials begin

Netball trials begin

Pakistan Netball Federation (PNF) will be holding trials for the selection of Youth Girls team to participate in the International Youth Netball series being played from March 27 in Singapore. The trials will get underway at Karachi's PSB coaching centre
Published 13 Jan, 2018 12:00am
Master Paints Black in main final of Pakistan Polo Cup

Master Paints Black in main final of Pakistan Polo Cup

Master Paints Black set main final clash against Master Paints/EFU Insurance after routing Zarai Taraqiati Bank Limited (ZTBL) in the Royal Marketing Pakistan Polo Cup 2018 match played here at the Lahore Polo Club (LPC) ground on Friday. Hissam Ali Hyder
Published 13 Jan, 2018 12:00am
Neymar's PSG move a backwards step: Ronaldo

Neymar's PSG move a backwards step: Ronaldo

Neymar's world record transfer to Paris Saint-Germain from Barcelona was a step backwards in his career, according to ex-Brazil star Ronaldo. "He's at PSG now, but sports-wise, this decision he's taken is a step backwards," the 2002 World Player of the Ye
Published 13 Jan, 2018 12:00am
Messi puts on masterclass for watching Coutinho

Messi puts on masterclass for watching Coutinho

Lionel Messi put on a masterclass in front of new recruit Philippe Coutinho as Barcelona trounced Celta Vigo 5-0 Thursday to ease into the Copa del Rey quarter-finals 6-1 on aggregate. Coutinho, dressed in a black shirt dotted with white stars, was in the
Published 13 Jan, 2018 12:00am
French glitches put technology under review

French glitches put technology under review

The debate on using technology to help football referees took a twist on Thursday as the French league suspended its use of goal-line reviews following some "serious dysfunctions". The goal-line technology (GLT) system, provided by German company GoalCont
Published 13 Jan, 2018 12:00am
Du Plessis surprised by brown pitch

Du Plessis surprised by brown pitch

South African captain Faf du Plessis was surprised to see brown grass on the pitch that will be used for the second Test against India, starting at SuperSport Park on Saturday. But there were no surprises for Indian captain Virat Kohli.
Published 13 Jan, 2018 12:00am
Japan PM arrives in Europe amid North Korea tensions

Japan PM arrives in Europe amid North Korea tensions

Japan's prime minister on Friday landed in Estonia, his first stop on a tour of the Baltic states and other European nations as he seeks to drum up support for his hawkish stance on North Korea. Despite a recent cooling of tensions in the run-up to the Wi
Published 13 Jan, 2018 12:00am
India likely to revive mega missile deal with Israel

India likely to revive mega missile deal with Israel

The Indian army and the government are discussing ways to revive a $500 million order to buy Spike anti-tank guided missiles from Israel's state-owned defence contractor Rafael, military chief Bipin Rawat said Friday. India recently called off the deal to
Published 13 Jan, 2018 12:00am
North Korea steps up tunnelling at nuclear test site

North Korea steps up tunnelling at nuclear test site

North Korea has stepped up tunnelling at its main nuclear test site, a US think tank said, even as tensions cool on the peninsula following the resumption of long-stalled inter-Korean dialogue. Satellite images showed increased activity at the Punggye-ri
Published 13 Jan, 2018 12:00am
New York to keep Columbus statue after 'hate' review

New York to keep Columbus statue after 'hate' review

New York will keep its famed but controversial statue of Christopher Columbus following a review of "symbols of hate," as the United States debates tributes to figures whose legacies are increasingly questioned. Democratic Party Mayor Bill de Blasio order
Published 13 Jan, 2018 12:00am
Bulgaria parliament overrides president's veto of corruption bill

Bulgaria parliament overrides president's veto of corruption bill

Bulgarian lawmakers on Friday voted to leave a contentious anti-corruption bill unchanged even after the country's president refused to sign it into law. Bulgaria, which took over the European Union's rotating presidency on January 1, is the poorest count
Published 13 Jan, 2018 12:00am
India vows to handle China's 'assertiveness'

India vows to handle China's 'assertiveness'

India will handle China's growing assertiveness and has stepped up patrols on their disputed border to head off more standoffs, the country's top army officer declared Friday. The nuclear-armed neighbours have in the past gone to war over their border and
Published 13 Jan, 2018 12:00am
Turkey issues tit-for-tat travel warning for US

Turkey issues tit-for-tat travel warning for US

Turkey on Friday issued a travel warning urging its citizens to reconsider their travel plans to the United States, citing the risk of terror attacks and arbitrary detentions. The move follows a US State Department advisory on Wednesday which urged Americ
Published 13 Jan, 2018 12:00am
Churches in Chile firebombed ahead of pope visit

Churches in Chile firebombed ahead of pope visit

Three Catholic churches were firebombed in the Chilean capital Santiago on Friday, days before the start of a visit to the country by Pope Francis. President Michelle Bachelet condemned the incidents, which happened during the night and caused minor damag
Published 13 Jan, 2018 12:00am
Turkey reinstates over 1,800 civil servants

Turkey reinstates over 1,800 civil servants

Turkish authorities on Friday reinstated more than 1,800 civil servants in an emergency decree after finding they had no links to a group blamed for the 2016 failed coup. The public sector employees were sacked after being accused of downloading an encryp
Published 13 Jan, 2018 12:00am
Gambia 'suspends political events' over violent clashes

Gambia 'suspends political events' over violent clashes

The Gambia has suspended permission for rallies and other public political events after clashes allegedly between supporters of President Adama Barrow and those of the former regime of Yahya Jammeh. Gambian police said in a statement issued late Thursday
Published 13 Jan, 2018 12:00am
Scuffles as Tunisia protesters wave yellow cards at government

Scuffles as Tunisia protesters wave yellow cards at government

Fresh scuffles broke out Friday as hundreds of Tunisians took to the streets of the capital and coastal city of Sfax, waving yellow cards and demanding the government reverse austerity measures. More than 200 young people rallied in Tunis following a call
Published 13 Jan, 2018 12:00am
Cotton futures up, mark highest since May 2014
Exchange

Cotton futures up, mark highest since May 2014

ICE cotton futures surged nearly 4 percent on Thursday to settle limit up, buoyed by strong export sales report, prompting the exchange to raise the daily trading limit to 5 cents per pound effective Friday. The session best level of 82.65 cents was an al
Published 13 Jan, 2018 12:00am
Shanghai copper dips
Exchange

Shanghai copper dips

Chinese copper futures eased on Friday after data showed a sharp decline in the country's imports of the red metal in December. China's unwrought copper imports fell 4.3 percent in December from a month earlier, according to Chinese customs data.
Published 13 Jan, 2018 12:00am
Zinc touches new decade peak, copper dips
Exchange

Zinc touches new decade peak, copper dips

Zinc prices edged up to their highest in more than a decade on Friday, supported by potential shortages and low inventories, but some investors voiced concern about the lofty levels. Benchmark zinc on the London Metal Exchange climbed to $3,409 a tonne, t
Published 13 Jan, 2018 12:00am
Oil adds to rally, heads for fourth week of gains

Oil adds to rally, heads for fourth week of gains

Oil prices rose for a sixth day on Friday after Russia's oil minister said that global crude supplies were "not balanced yet," alleviating market concerns about a wind-down of the OPEC-led deal to reduce production. Russian Energy Minister Alexander Novak
Published 13 Jan, 2018 12:00am
Rubber soars
Exchange

Rubber soars

Benchmark Tokyo rubber futures ended 1.7 percent higher on Friday, in line with a firm Shanghai market that got support from government data showing a rise in monthly imports by the world's top consumer, brokers said. The Tokyo Commodity Exchange rubber c
Published 13 Jan, 2018 12:00am
Palm oil tumbles on weaker related oils
Vegetable Oil

Palm oil tumbles on weaker related oils

Malaysian palm oil futures fell by more than 1 percent on Friday evening, extending a sharp decline from the previous session to hit their lowest in nearly two weeks, tracking weakness in related edible oils as the ringgit strengthened. The benchmark palm
Published 13 Jan, 2018 12:00am
Sugar hits 3-1/2 weeks low, cocoa falls
Currency

Sugar hits 3-1/2 weeks low, cocoa falls

Sugar futures fell to a 3-1/2 week low on Friday, pressured by technical pressure and ample global supplies, while gains in the British pound weighed on London cocoa prices. New York soft commodities markets will be closed on Monday, Jan. 15, for the Mart
Published 13 Jan, 2018 12:00am
Gold nears four-month highs in New York

Gold nears four-month highs in New York

Gold prices on Thursday approached a four-month high set on the previous day after minutes of a European Central Bank meeting showed a more aggressive tone and boosted the euro against the US dollar. The December meeting minutes said the central bank shou
Published 13 Jan, 2018 12:00am
Gold surges in Asia

Gold surges in Asia

Gold prices rose for a third session on Friday to hit their highest since September, with a slump in the US dollar helping drive bullion towards its fifth-straight weekly gain. Spot gold had edged up 0.5 percent to $1,328.84 an ounce by 0703 GMT, after ea
Published 13 Jan, 2018 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose to a four-month high on Friday and was on track for a fifth straight weekly gain as the dollar fell against the euro on an agreement for a political coalition in Germany. Spot gold was up 0.3 percent at $1,326.41 an ounce by 1453 GMT, having tou
Published 13 Jan, 2018 12:00am
US MIDDAY: wheat drops most since August

US MIDDAY: wheat drops most since August

Chicago wheat futures tumbled nearly 3 percent on Friday, on pace for their biggest daily decline since August, after the US Department of Agriculture showed larger-than-expected US winter wheat plantings. Corn futures fell to life-of-contract lows, while
Published 13 Jan, 2018 12:00am
US MIDDAY: gold soars, palladium hits record

US MIDDAY: gold soars, palladium hits record

Gold hit a four-month high on Friday and was on track for a fifth straight weekly gain as the US dollar fell against the euro on an agreement for a political coalition in Germany. Palladium hit a record high in a continued rally fueled by tight supplies a
Published 13 Jan, 2018 12:00am
KP NAB initiates inquiry against Saifullah family

KP NAB initiates inquiry against Saifullah family

On the directives of Chairman NAB, Former Justice Javaid Iqbal NAB Khyber Pakhtunkhwa has formally initiated inquiry against Usman Saifullah, Senator and his family members regarding accumulation of assets beyond known sources of income. NAB Khyber Pakhtu
Published 13 Jan, 2018 12:00am
FBR rebuts news on duplication of revenue figures

FBR rebuts news on duplication of revenue figures

The Federal Board of Revenue (FBR) has strongly denied a news item captioned "duplicated collection figures irk FBR high-ups" and published in a section of the press insinuating that the collection figures reported to and by the FBR include duplication. I
Published 13 Jan, 2018 12:00am
Western route portion: NHA fails to satisfy Senate panel

Western route portion: NHA fails to satisfy Senate panel

The National Highway Authority (NHA) Friday failed to satisfy a parliamentary panel over the progress on the vital portion of western route of China-Pakistan Economic Corridor (CPEC), as it revealed that the land has not been acquired so far. The governme
Published 13 Jan, 2018 12:00am
Treatment of thalassemia children praised

Treatment of thalassemia children praised

"I am greatly impressed to see the state of the art facilities for Thalassemia children," said the president of Albaraka Bank, Shafqaat Ahmed. he said this while visiting Afzaal Memorial Thalassemia Foundation (AMTF) facilities for Thalassemia/Blood Disor
Published 13 Jan, 2018 12:00am
PUC welcomes postponement of Sialvi's sit-in

PUC welcomes postponement of Sialvi's sit-in

Chairman Pakistan United Council and secretary of various wings of Markazi Jamiat-e-Ahle-Hadith Dr Abdul Ghafoor Rashid has welcomed postponement of sit in at Data Darbar today by Pir Hameeduddin Sialvi in the wake of the Kasur and Sargodha incidents. Pir
Published 13 Jan, 2018 12:00am
National Savings launches mobile app 'QoumiBachat Digital'

National Savings launches mobile app 'QoumiBachat Digital'

National Savings continues moving ahead on its reform agenda and enters into digital age by launch of mobile application "QoumiBachat Digital" for its investors. The mobile application will help National Savings investors and will enable them to view up-t
Published 13 Jan, 2018 12:00am
FBR awarded ISO/IEC 27001Certification by RICI
Exchange

FBR awarded ISO/IEC 27001Certification by RICI

The Federal Board of Revenue (FBR) has formally been awarded ISO/IEC 27001Certification by Resource International Canada Incorporated, the accredited body for such certification. According to the details, the certificate pertains to the Secure Perimeter e
Published 13 Jan, 2018 12:00am
Haroon vows to present pro-industry budget
Exchange

Haroon vows to present pro-industry budget

Special Assistant to the Prime Minister/Federal Minister on Revenue Haroon Akhtar Khan has said the government is aiming for a businessman-friendly and pro-industry budget for the next fiscal year. "We want the next budget to be a reflection of our intent
Published 13 Jan, 2018 12:00am
Philanthropists urged to support SF, IRIT

Philanthropists urged to support SF, IRIT

Former president Federation of Pakistan Chamber of Commerce & Industry (FPCCI), Mian Muhammad Idrees said that out of box education solutions have yielded positive result and philanthropists must generously support System Foundation (SF) and Iqra-Roza-tul
Published 13 Jan, 2018 12:00am
FBR urged to issue IT exemption certificates

FBR urged to issue IT exemption certificates

Progressive Group of the Lahore Chamber of Commerce and Industry has demanded of the Federal Board of Revenue to expedite the process of issuance of income tax exemption certificates under Section 153 & 159 of the Income Tax Ordinance 2001 on imports. "Wh
Published 13 Jan, 2018 12:00am
HR activists urge CM to supervise child protection policy

HR activists urge CM to supervise child protection policy

Chief Minister Punjab Shahbaz Sharif should personally supervise development and formulation of child protection policy followed by a comprehensive plan to address the issue of Violence Against Children, which would be a rights way to ensure Justice for Z
Published 13 Jan, 2018 12:00am
British medical experts visit FJMU

British medical experts visit FJMU

The British senior medical experts on Friday visited Fatima Jinnah Medical University and Sir Ganga Ram Hospital on the invitation of Vice Chancellor FJMU Professor Khalid Masood Gondal. Among the experts included Professor Peter Dziewulski, Director St A
Published 13 Jan, 2018 12:00am
Miftah to open Mega Leather Show on January 27

Miftah to open Mega Leather Show on January 27

Chairman of Pakistan Footwear Manufacturers Association (PFMA) Farrukh Saleem and Senior Vice-Chairman Abid Hafeez met with the Prime Minister's Advisor for Finance Miftah Ismail and invited him to be the chief guest at the inaugural ceremony of the upcom
Published 13 Jan, 2018 12:00am
Protests against Kasur incident

Protests against Kasur incident

Members of civil society and women wing of the Jamaat-e-Islami launched a protest against Kasur incident and demanded exemplary punishment to the culprit. Both the bodies took out a walk against the incident on Wahdat Road. They were carrying placards and
Published 13 Jan, 2018 12:00am
APBF terms C/A deficit big challenge for economy

APBF terms C/A deficit big challenge for economy

As the country's budget deficit has reached 2.3 percent of Gross Domestic Product during July-November of fiscal year 2017-18, the All Pakistan Business Forum has stated that the government is deviating from the path of fiscal discipline mainly due to hea
Published 13 Jan, 2018 12:00am
LCCI chief for effective forest management system

LCCI chief for effective forest management system

Pakistan's poor international ranking in under-forest area is causing massive economic and environmental damage to the country therefore this should be taken very seriously. The government should make forest management system effective as importance of fo
Published 13 Jan, 2018 12:00am
OLMT project: experts body finds safety arrangements satisfactory

OLMT project: experts body finds safety arrangements satisfactory

Members of the special committee of experts, constituted by the Supreme Court of Pakistan to oversee implementation of the construction of Lahore Orange Line Metro Train Project (OLMTP), expressed satisfaction over the safety arrangements made at all the
Published 13 Jan, 2018 12:00am
Social sector departments directed to improve service delivery

Social sector departments directed to improve service delivery

Chief Secretary Punjab Captain Zahid Saeed (retd) has directed all the administrative secretaries to improve public service delivery which has come under severe criticism by the civil society. He was presiding over a meeting to review performance of all p
Published 13 Jan, 2018 12:00am
Nest I/O starts training of 20 startups

Nest I/O starts training of 20 startups

The Nest I/O has started training of 20 startups working in areas as diverse as education, technology, healthcare, and lifestyle. This is the 7th batch of startups being incubated at The Nest I/O where they will receive the support needed to turn their id
Published 13 Jan, 2018 12:00am
PCB chairman election: LHC seeks reply from federal government

PCB chairman election: LHC seeks reply from federal government

The Lahore High Court on Friday sought reply from federal government within four weeks in a petition challenging the election of Najam Sethi as Chairman Pakistan Cricket Board (PCB). The petitioner Nasir Iqbal advocate contended that Najam Sethi was elect
Published 13 Jan, 2018 12:00am
Ahsan chairs meeting on NISP 2018-2023

Ahsan chairs meeting on NISP 2018-2023

Interior Minister Professor Ahsan Iqbal chaired a high-level meeting on formation of National Internal Security Policy (NISP) 2018-2023. The meeting was attended by officials from law enforcement agencies, Counter Terrorism Force, Home ministries of provi
Published 13 Jan, 2018 12:00am
ITU vice chancellor briefs media on 'Afkar-e-Taza'

ITU vice chancellor briefs media on 'Afkar-e-Taza'

Only progressive thinking in the youth can set new narrative to make progressive Pakistan in accordance with the ideology of Pakistan set by the Quaid-e-Azam Muhammad Ali Jinnah. Dr Umar Saif, founding Vice Chancellor of Information Technology University
Published 13 Jan, 2018 12:00am
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