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Print - 2019-01-14
MPCL unhappy with ECC decision

MPCL unhappy with ECC decision

Mari Petroleum Company Limited (MPCL) is reportedly unhappy with the ECC decision regarding allocation of additional 66 MMCFD gas for fertilizer sector meant to bridge gap in urea production and requirement, well informed sources told Business Recorder
Published 14 Jan, 2019 12:00am
Rashakai SEZ to be inaugurated in 1Q of 2019

Rashakai SEZ to be inaugurated in 1Q of 2019

Rashakai, one of the nine special economic zones prioritised under the China-Pakistan Economic Corridor (CPEC) framework, is likely to start commercial operation during the first quarter of this year. The two sides are negotiating details on the implement
Published 14 Jan, 2019 12:00am
Rashakai SEZ to be inaugurated in 1Q of 2019

Rashakai SEZ to be inaugurated in 1Q of 2019

Rashakai, one of the nine special economic zones prioritised under the China-Pakistan Economic Corridor (CPEC) framework, is likely to start commercial operation during the first quarter of this year. The two sides are negotiating details on the implement
Published 14 Jan, 2019 12:00am
Rashakai SEZ to be inaugurated in 1Q of 2019

Rashakai SEZ to be inaugurated in 1Q of 2019

Rashakai, one of the nine special economic zones prioritised under the China-Pakistan Economic Corridor (CPEC) framework, is likely to start commercial operation during the first quarter of this year. The two sides are negotiating details on the implement
Published 14 Jan, 2019 12:00am
China will tackle US trade dispute in 2019: minister

China will tackle US trade dispute in 2019: minister

China will work to straighten out trade frictions with the US this year, the country's commerce minister told state media, following talks with US negotiators this week. A large US delegation ended a three-day visit to Beijing Wednesday in the first face
Published 14 Jan, 2019 12:00am
China will tackle US trade dispute in 2019: minister

China will tackle US trade dispute in 2019: minister

China will work to straighten out trade frictions with the US this year, the country's commerce minister told state media, following talks with US negotiators this week. A large US delegation ended a three-day visit to Beijing Wednesday in the first face
Published 14 Jan, 2019 12:00am
China will tackle US trade dispute in 2019: minister

China will tackle US trade dispute in 2019: minister

China will work to straighten out trade frictions with the US this year, the country''s commerce minister told state media, following talks with US negotiators this week. A large US delegation ended a three-day visit to Beijing Wednesday in the first face
Published 14 Jan, 2019 12:00am
NA's seventh session today

NA's seventh session today

The National Assembly in today's meeting, will take up the issue of financial crisis of farmers in general and sufferings potato growers particularly as well as non-restoration of land trade routes to Afghanistan and absence of research for new markets as
Published 14 Jan, 2019 12:00am
NA's seventh session today

NA's seventh session today

The National Assembly in today's meeting, will take up the issue of financial crisis of farmers in general and sufferings potato growers particularly as well as non-restoration of land trade routes to Afghanistan and absence of research for new markets as
Published 14 Jan, 2019 12:00am
NA''s seventh session today

NA''s seventh session today

The National Assembly in today''s meeting, will take up the issue of financial crisis of farmers in general and sufferings potato growers particularly as well as non-restoration of land trade routes to Afghanistan and absence of research for new markets a
Published 14 Jan, 2019 12:00am
NA''''s seventh session today

NA''''s seventh session today

The National Assembly in today''''s meeting, will take up the issue of financial crisis of farmers in general and sufferings potato growers particularly as well as non-restoration of land trade routes to Afghanistan and absence of research for new markets
Published 14 Jan, 2019 12:00am
No textile policy target achieved
Cotton

No textile policy target achieved

The Textile Policy 2014-19 failed to achieve all its targets including doubling value addition from $1 billion per million cotton bales to $2 billion per million cotton bales, increasing textile exports from $13.1 billion to $26 billion as well as creatio
Published 14 Jan, 2019 12:00am
No textile policy target achieved
Cotton

No textile policy target achieved

The Textile Policy 2014-19 failed to achieve all its targets including doubling value addition from $1 billion per million cotton bales to $2 billion per million cotton bales, increasing textile exports from $13.1 billion to $26 billion as well as creatio
Published 14 Jan, 2019 12:00am
No textile policy target achieved
Cotton

No textile policy target achieved

The Textile Policy 2014-19 failed to achieve all its targets including doubling value addition from $1 billion per million cotton bales to $2 billion per million cotton bales, increasing textile exports from $13.1 billion to $26 billion as well as creatio
Published 14 Jan, 2019 12:00am
Bulls retain domination

Bulls retain domination

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended January 11, 2019 on the back of healthy buying in various sectors. BRIndex100 gained 217.8 points on week-on-week basis to close at 4,127.41 points. Average daily volumes stood
Published 14 Jan, 2019 12:00am
Bulls retain domination

Bulls retain domination

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended January 11, 2019 on the back of healthy buying in various sectors. BRIndex100 gained 217.8 points on week-on-week basis to close at 4,127.41 points. Average daily volumes stood
Published 14 Jan, 2019 12:00am
Bulls retain domination

Bulls retain domination

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended January 11, 2019 on the back of healthy buying in various sectors. BRIndex100 gained 217.8 points on week-on-week basis to close at 4,127.41 points. Average daily volumes stood
Published 14 Jan, 2019 12:00am
Futures spread down by 229 basis points

Futures spread down by 229 basis points

The futures spread declined by 229bps to 6.60 percent on the last day of the outgoing week. Trading activities on the futures counter improved as average daily volumes increased by 39.8 percent to 54.40 million shares. Average daily trading value increase
Published 14 Jan, 2019 12:00am
Futures spread down by 229 basis points

Futures spread down by 229 basis points

The futures spread declined by 229bps to 6.60 percent on the last day of the outgoing week. Trading activities on the futures counter improved as average daily volumes increased by 39.8 percent to 54.40 million shares. Average daily trading value increase
Published 14 Jan, 2019 12:00am
Districts of Sindh, Punjab & Balochistan left powerless

Districts of Sindh, Punjab & Balochistan left powerless

Various districts of Sindh, Punjab and Balochistan were without power for seven hours on Sunday morning as three units of 747 MegaWatt got tripped as 500 KW Transformer of Guddu Thermal Power Plant malfunctioned. According to details, numerous districts a
Published 14 Jan, 2019 12:00am
UN experts urge Pakistan not to execute mentally ill prisoner

UN experts urge Pakistan not to execute mentally ill prisoner

UN experts on Sunday urged Pakistan to stay the "arbitrary execution" of a former police officer suffering from mental illness, just days before his sentence was to be carried out. The appeal comes two days before Pakistan was scheduled to execute Khizar
Published 14 Jan, 2019 12:00am
Fawad, his Saudi counterpart discuss Crown Prince's upcoming visit

Fawad, his Saudi counterpart discuss Crown Prince's upcoming visit

Federal Information Minister Fawad Chaudhry on Sunday said Saudi Crown Prince Mohammad Bin Salman's visit to Pakistan next month will further strengthen relations between the two countries. According to the media reports, information minister spoke to his
Published 14 Jan, 2019 12:00am
Fawad, his Saudi counterpart discuss Crown Prince's upcoming visit

Fawad, his Saudi counterpart discuss Crown Prince's upcoming visit

Federal Information Minister Fawad Chaudhry on Sunday said Saudi Crown Prince Mohammad Bin Salman's visit to Pakistan next month will further strengthen relations between the two countries. According to the media reports, information minister spoke to his
Published 14 Jan, 2019 12:00am
White House asked for options to strike Iran: WSJ

White House asked for options to strike Iran: WSJ

The White House's national security team last fall asked the Pentagon to provide it with options for striking Iran after a group of militants aligned with Tehran fired mortars into an area in Baghdad that is home to the US Embassy, the Wall Street Journal
Published 14 Jan, 2019 12:00am
White House asked for options to strike Iran: WSJ

White House asked for options to strike Iran: WSJ

The White House's national security team last fall asked the Pentagon to provide it with options for striking Iran after a group of militants aligned with Tehran fired mortars into an area in Baghdad that is home to the US Embassy, the Wall Street Journal
Published 14 Jan, 2019 12:00am
Sales Tax Act 1990': LHC strikes down amendment

Sales Tax Act 1990': LHC strikes down amendment

Lahore High Court has held the amendment made in Sales Tax Act 1990 as well as SRO finding that unconstitutional and of no legal effect through which further tax was levied on locally supplying the goods of five export sectors including textile to unregis
Published 14 Jan, 2019 12:00am
Sales Tax Act 1990': LHC strikes down amendment

Sales Tax Act 1990': LHC strikes down amendment

Lahore High Court has held the amendment made in Sales Tax Act 1990 as well as SRO finding that unconstitutional and of no legal effect through which further tax was levied on locally supplying the goods of five export sectors including textile to unregis
Published 14 Jan, 2019 12:00am
Sales Tax Act 1990'': LHC strikes down amendment

Sales Tax Act 1990'': LHC strikes down amendment

Lahore High Court has held the amendment made in Sales Tax Act 1990 as well as SRO finding that unconstitutional and of no legal effect through which further tax was levied on locally supplying the goods of five export sectors including textile to unregis
Published 14 Jan, 2019 12:00am
US threatens sanctions over Russia-Germany gas pipeline

US threatens sanctions over Russia-Germany gas pipeline

The US ambassador to Germany has warned of sanctions against firms linked to the Nord Stream 2 gas pipeline from Russia, the American embassy in Berlin confirmed Sunday. A letter envoy Richard Grenell sent to several businesses "reminds that any company o
Published 14 Jan, 2019 12:00am
US threatens sanctions over Russia-Germany gas pipeline

US threatens sanctions over Russia-Germany gas pipeline

The US ambassador to Germany has warned of sanctions against firms linked to the Nord Stream 2 gas pipeline from Russia, the American embassy in Berlin confirmed Sunday. A letter envoy Richard Grenell sent to several businesses "reminds that any company o
Published 14 Jan, 2019 12:00am
US threatens sanctions over Russia-Germany gas pipeline

US threatens sanctions over Russia-Germany gas pipeline

The US ambassador to Germany has warned of sanctions against firms linked to the Nord Stream 2 gas pipeline from Russia, the American embassy in Berlin confirmed Sunday. A letter envoy Richard Grenell sent to several businesses "reminds that any company o
Published 14 Jan, 2019 12:00am
Funding shortage leads to World Food Programme cuts for Palestinians

Funding shortage leads to World Food Programme cuts for Palestinians

The World Food Programme has suspended or reduced aid for some of its Palestinian beneficiaries in the occupied West Bank and Gaza Strip due to funding shortages, an official with the organisation said Sunday. Some 27,000 Palestinians are no longer receiv
Published 14 Jan, 2019 12:00am
Funding shortage leads to World Food Programme cuts for Palestinians

Funding shortage leads to World Food Programme cuts for Palestinians

The World Food Programme has suspended or reduced aid for some of its Palestinian beneficiaries in the occupied West Bank and Gaza Strip due to funding shortages, an official with the organisation said Sunday. Some 27,000 Palestinians are no longer receiv
Published 14 Jan, 2019 12:00am
Time for Pakistan to work on good governance: Munter

Time for Pakistan to work on good governance: Munter

Former ambassador of the United States to Pakistan Cameron Munter has said it is time for the country to work on good governance and eliminate misappropriation of funds given for socioeconomic development. Addressing an event at a local hotel in Karachi,
Published 14 Jan, 2019 12:00am
Time for Pakistan to work on good governance: Munter

Time for Pakistan to work on good governance: Munter

Former ambassador of the United States to Pakistan Cameron Munter has said it is time for the country to work on good governance and eliminate misappropriation of funds given for socioeconomic development. Addressing an event at a local hotel in Karachi,
Published 14 Jan, 2019 12:00am
HRW calls for sanctions against new Afghan defence minister

HRW calls for sanctions against new Afghan defence minister

International rights group Human Rights Watch (HRW) has urged major donors to impose sanctions on Afghanistan's newly appointed acting defence minister over alleged war crimes and human rights abuses. President Ashraf Ghani's decision last month to appoin
Published 14 Jan, 2019 12:00am
HRW calls for sanctions against new Afghan defence minister

HRW calls for sanctions against new Afghan defence minister

International rights group Human Rights Watch (HRW) has urged major donors to impose sanctions on Afghanistan's newly appointed acting defence minister over alleged war crimes and human rights abuses. President Ashraf Ghani's decision last month to appoin
Published 14 Jan, 2019 12:00am
Pompeo urges Gulf states to heal rift

Pompeo urges Gulf states to heal rift

US Secretary of State Mike Pompeo said on Sunday that a rift between Qatar and its Gulf Arab neighbours had gone on for too long and was threatening regional unity needed to counter Iran. Saudi Arabia, the United Arab Emirates, Bahrain and non-Gulf Cooper
Published 14 Jan, 2019 12:00am
Pompeo urges Gulf states to heal rift

Pompeo urges Gulf states to heal rift

US Secretary of State Mike Pompeo said on Sunday that a rift between Qatar and its Gulf Arab neighbours had gone on for too long and was threatening regional unity needed to counter Iran. Saudi Arabia, the United Arab Emirates, Bahrain and non-Gulf Cooper
Published 14 Jan, 2019 12:00am
Economic slowdown
Currency

Economic slowdown

In its latest analysis of Pakistan's economy, Fitch Solutions, a research arm of the global credit rating agency, expects the country's GDP growth rate to plunge to 4.4 percent during FY19. The economy will also be clouded by widening fiscal and external
Updated 29 Jul, 2019 07:26am
Saboteurs still active

Saboteurs still active

The 36-inch Regasified Liquefied Natural Gas (RLNG) pipeline supplying energy to several cities in southern and central Punjab was blown up in the Sadiqabad area on Tuesday, affecting industries, domestic consumers as well as power stations. Given the alr
Updated 29 Jul, 2019 07:26am
The matter of credible statistics

The matter of credible statistics

Statistics in Pakistan has been more about claims of achievements with political overtones rather than credible data and unfortunately this is yet another area of activity that has not been given due importance by the Khan administration.
Published 14 Jan, 2019 12:00am
Calls for Huawei boycott get mixed response in Europe

Calls for Huawei boycott get mixed response in Europe

Europe is giving US-led calls for a boycott of Huawei 5G telecoms equipment a mixed reception, with some governments untroubled by spy suspicions against the Chinese giant, but others backing a ban. In the latest setback for the company, Huawei said Satur
Published 14 Jan, 2019 12:00am
'Get us out': Brexit voters urge MPs to hurry up

'Get us out': Brexit voters urge MPs to hurry up

"It just needs to be sorted," said 23-year-old Adam Green, a frustrated Leave voter in Brexit-backing Sunderland, where patience with parliamentary delays over Britain's departure is wearing thin. The former shipbuilding city in northeast England, where t
Published 14 Jan, 2019 12:00am
PTI government's performance in H1

PTI government's performance in H1

The finance minister Asad Umar appears to be upbeat insofar as the PTI government's performance in the first half of fiscal year 2018-19 is concerned. Speaking to television anchors the other day, he has reportedly said that due to corrective measures int
Published 14 Jan, 2019 12:00am
SCCI chief hopes government won't accept IMF's conditions

SCCI chief hopes government won't accept IMF's conditions

President Sialkot Chamber of Commerce and Industry (SCCI) Khawaja Masud Akhtar urged the federal government to be cautious of the tough conditions of the IMF considering the already crises stuck economy and its indicators. Talking to reporters on Sunday t
Published 14 Jan, 2019 12:00am
Woman jailed in India for raising slogan in Pakistan's favour

Woman jailed in India for raising slogan in Pakistan's favour

India has become more extremist under the right-wing Bharatiya Janata Party of Prime Minister Narendra Modi and the same 'anti-Pakistan, anti-Muslim' tactic is being applied to win the next polls due later this year. Today, a 30-year-old woman was arreste
Published 14 Jan, 2019 12:00am
Saad's participation in NA's Monday session unlikely

Saad's participation in NA's Monday session unlikely

The participation of Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Saad Rafique in the National Assembly session today (Monday) is uncertain as his production orders haven't yet been issued. Speaker of the House, Asad Qaiser, hasn't yet issued produ
Published 14 Jan, 2019 12:00am
District plaint centre of KP police opens

District plaint centre of KP police opens

Khyber Pakhtunkhwa police has opened the 'district police complaint office' here at Mallik Saad Shaheed Police line. While briefing the spokesperson for the KP government, Shaukat Yousafzai, the Capital city police officer (CCPO), Qazi Jamil ur Rehman sai
Published 14 Jan, 2019 12:00am
KP-EZDMC BoD heading towards another pre-mature dissolution

KP-EZDMC BoD heading towards another pre-mature dissolution

The Board of Directors (BoD) of the Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC) is heading towards another pre-mature dissolution to cut down the representation of private sector in the company. According to some offici
Published 14 Jan, 2019 12:00am
PHC to hear petition against ATIR officer

PHC to hear petition against ATIR officer

A Division Bench of Peshawar High Court (PHC) would hear the case on January 31, 2019 in a writ petition filed for disciplinary proceedings against a senior officer working in Appellate Tribunal Inland Revenue (ATIR), Islamabad. It is learnt that the offi
Published 14 Jan, 2019 12:00am
Punjab PAC chief's issue to be discussed on January 16

Punjab PAC chief's issue to be discussed on January 16

The ruling coalition-led by Pakistan Tehreek-e-Insaf (PTI) and the Pakistan Muslim League-Nawaz (PML-N)-the biggest opposition party in the province-will begin a fresh round of talks to reach a consensus over the chairmanship of the Punjab Assembly's Publ
Published 14 Jan, 2019 12:00am
Eight Pak Pharma & Healthcare Expo

Eight Pak Pharma & Healthcare Expo

Having corporate delegations from China, Taiwan, Turkey, Malaysia and Germany, the 8th Pak Pharma and Healthcare Expo 2019 Exhibition and Conference will be kicked off tomorrow (Tuesday) here at Expo Centre Lahore.
Published 14 Jan, 2019 12:00am
Murad slams Centre for victimising opposition leaders

Murad slams Centre for victimising opposition leaders

Sindh Chief Minister Syed Murad Ali Shah on Sunday said he doesn't care a fig for his name added to the Exit Control List (ECL) by the federal government on the recommendations of a Joint Investigation Team (JIT) in the fake bank accounts case. Speaking t
Published 14 Jan, 2019 12:00am
PAT for giving extension to military courts

PAT for giving extension to military courts

Head of Pakistan Awami Tehreek Dr Tahir ul Qadri has said that decisions of Military courts broke backbone of terrorists; if these courts were not given extension, terrorism would bounce back. He said that since past four years, civil rulers took no neces
Published 14 Jan, 2019 12:00am
Ahsan terms CPEC national strategic project

Ahsan terms CPEC national strategic project

PML-N leader Ahsan Iqbal has said that people of Pakistan are custodians of the CPEC as a strategic national project. In a press statement, he said that Pakistan doesn't face any economic difficulty due to the CPEC investment on the contrary the CPEC has
Published 14 Jan, 2019 12:00am
PTI government faces no political challenge, asserts Fawad

PTI government faces no political challenge, asserts Fawad

Federal Minister for Information and Broadcast Fawad Chaudhry on Sunday said the PTI government is not facing any challenge as political careers of former prime minister Nawaz Sharif and former president Asif Ali Zardari have come to an end. Talking to th
Published 14 Jan, 2019 12:00am
Healthy social activities promote country's soft image: Ismail

Healthy social activities promote country's soft image: Ismail

Governor Sindh, Imran Ismail has said that healthy social and cultural activities promote soft image of the country abroad. He was speaking at concluding ceremony of "Ride for a cause Motorcycle rally" held at Dolmen Clifton on Sunday. Imran Ismail said,
Published 14 Jan, 2019 12:00am
Sana accuses NAB of being biased towards PML-N

Sana accuses NAB of being biased towards PML-N

Former Punjab law minister and Pakistan Muslim League-Nawaz (PML-N) leader Rana Sanaullah on Sunday while accusing the National Accountability Bureau (NAB) being biased said that if former Punjab CM and party president Shahbaz Sharif can be arrested then
Published 14 Jan, 2019 12:00am
Aleem stresses need for friendly ties with neighbouring states

Aleem stresses need for friendly ties with neighbouring states

Senior Minister Punjab Abdul Aleem Khan has said that it is need of 21st century that relations with neighbouring countries should be promoted on bilateral basis and peace & prosperity should be the priority for the next generation. He expressed these vie
Published 14 Jan, 2019 12:00am
Job seekers baton-charged outside Dr Pfau CHK

Job seekers baton-charged outside Dr Pfau CHK

Chaos and shocking brawl erupted on Sunday outside Dr Ruth Pfau Civil Hospital Karachi after thousands of job seekers thronged the health facility for walk-in interviews advertised for different low-scale positions.
Published 14 Jan, 2019 12:00am
Seminar on 'Preterm Baby' held in Mithi

Seminar on 'Preterm Baby' held in Mithi

Member National Assembly Dr Mahesh Kumar Malani said that women of Thar would not have to go out of their home district for Lady Health Workers courses after the establishment of Midwives/Public Health School in Mithi, the Tharparkar district's headquarte
Published 14 Jan, 2019 12:00am
Kohat Division: body to probe oil & gas fields' pollution issue: adviser

Kohat Division: body to probe oil & gas fields' pollution issue: adviser

A joint commission will be constituted shortly to probe and then give report on the rise in air-pollution due to increase of oil and gas fields in Kohat Division. "The commission will probe regarding the air pollution so that a comprehensive strategy may
Published 14 Jan, 2019 12:00am
Fuel Marketing Contract: CCP likely to initiate proceedings against OCAC

Fuel Marketing Contract: CCP likely to initiate proceedings against OCAC

The Competition Commission of Pakistan (CCP) may initiate proceedings against Oil Companies Advisory Council (OCAC) for selection/award of Fuel Marketing Contract (FMC) without advertisement, procurement methodology and determining the price of Kerosene i
Published 14 Jan, 2019 12:00am
KP CM for expediting work on hydel power projects

KP CM for expediting work on hydel power projects

Chief Minister Khyber Pakhtunkhwa Mahmood Khan has directed for the accelerated execution of hydel power generation projects in the province. His government would set up a separate model institution for the CPEC related projects in the province.
Published 14 Jan, 2019 12:00am
US citizen pays $92,000 for hunting markhor in Chitral

US citizen pays $92,000 for hunting markhor in Chitral

A hunter from USA, who had arrived in Pakistan through a helicopter for hunting Markhor in the limits of Toshi Village Conservation Committee (VCC) in Chitral district, has been able to hunt a 44-inch trophy. Christopher from USA has paid an amount of US$
Published 14 Jan, 2019 12:00am
Transportation support may raise girls' ratio in schools

Transportation support may raise girls' ratio in schools

Transportation support may increase retention ratio of girls in rural areas in secondary schools. This was discussed in distribution of students' kits among the 50 girls from 7 remote rural villages enrolled in 3 government girls high schools of district
Published 14 Jan, 2019 12:00am
Indian Army soldier commits suicide in Kulgam

Indian Army soldier commits suicide in Kulgam

Another frustrated Indian Army soldier shot himself dead with his service rifle in Kashmir's south Kulgam district, officials said. An official said that Abishekh Roy Kumar who worked as a wireless operator shot himself at 34 RR camp in Behibagh area of K
Published 14 Jan, 2019 12:00am
Opposition to raise issue of price hike in NA: Shah

Opposition to raise issue of price hike in NA: Shah

Pakistan Peoples Party (PPP) leader Syed Khursheed Shah has said he is not in favour of mid-term elections or in-house change although the incumbent PTI-led government lacks capability, policy and attitude. "New government should be allowed to work and th
Published 14 Jan, 2019 12:00am
Prices of essential kitchen items witness upward trend

Prices of essential kitchen items witness upward trend

Prices of essential food commodities, including vegetable, pulses, chicken meat, eggs, and others have remained high-side in the retail market, said in a survey conducted by Business Recorder here on Sunday. Shopkeepers in the provincial metropolis
Published 14 Jan, 2019 12:00am
Siraj urges government to solve people's problems

Siraj urges government to solve people's problems

Jamaat-e-Islami chief Senator Sirajul Haq has said that the nation wants the solution of problems and not political gimmick. Speaking at JI Central Punjab Shura meeting at the party headquarters Mansoora, Siraj urged that the government must announce redu
Published 14 Jan, 2019 12:00am
Spiritual head of JUI-F passes away

Spiritual head of JUI-F passes away

The spiritual head of Jamiat Ulema-e-Islam-Fazl (JUI-F) and a renowned scholar Maulana Hamdullah Jan died. He was 104. Also known as Dagai Sheikh among his pupils and followers, he was born in 1914 at Dagai in Swabi district of Khyber Pakhtunkhwa. His fat
Published 14 Jan, 2019 12:00am
Yemen rebels boycott meeting with UN-led truce monitors

Yemen rebels boycott meeting with UN-led truce monitors

Yemeni rebels on Sunday boycotted a meeting chaired by the head of a UN-led ceasefire monitoring team in the flashpoint city of Hodeida, accusing him of pursuing "other agendas". Retired Dutch general Patrick Cammaert is leading a joint committee, which i
Published 14 Jan, 2019 12:00am
Israeli energy minister on rare visit to Egypt

Israeli energy minister on rare visit to Egypt

Israel's Energy Minister Yuval Steinitz arrived in Cairo on Sunday to attend a natural gas conference in a rare visit to Egypt by an Israeli official, airport sources said. Jordan and Egypt are the only two Arab states to have full diplomatic ties with Is
Published 14 Jan, 2019 12:00am
Mining accident in China kills 19, two remain trapped

Mining accident in China kills 19, two remain trapped

Nineteen people were killed while two remain trapped underground after a roof collapse at a coal mine in northern China, state media reported. A total of 87 people were working underground in the Shaanxi province mine at the time of the accident on Saturd
Published 14 Jan, 2019 12:00am
Israel says all Hezbollah cross-border tunnels found

Israel says all Hezbollah cross-border tunnels found

Israel said Sunday it had uncovered all cross-border attack tunnels dug by Hezbollah from Lebanon and will bring its operation to find and destroy them to an end after more than a month. The operation had raised concerns that Hezbollah, the Lebanon-based
Published 14 Jan, 2019 12:00am
Greece's Tsipras calls confidence vote after ally quits coalition

Greece's Tsipras calls confidence vote after ally quits coalition

Greek Prime Minister Alexis Tsipras on Sunday said he would call a confidence vote in his government after his coalition ally quit, leaving him bereft of a parliamentary majority and raising the possibility of snap elections. Earlier, Greece's right-wing
Published 14 Jan, 2019 12:00am
Media watchdog condemns 'yellow vest' attacks on journalists

Media watchdog condemns 'yellow vest' attacks on journalists

Reporters Without Borders on Sunday called on those who speak for France's "yellow vest" protesters to condemn numerous attacks and threats against journalists across the country during the latest round of anti-government demonstrations. "A turning point
Published 14 Jan, 2019 12:00am
Battisti to be extradited 'in coming hours': Rome

Battisti to be extradited 'in coming hours': Rome

Cesare Battisti, an Italian former militant captured in Bolivia and convicted of four murders in Italy in the 1970s, will be extradited to Rome "in the coming hours", the Italian government said Sunday. Battisti, who has been sentenced to life in prison,
Published 14 Jan, 2019 12:00am
Iran says it is taking initial steps to design reactor fuel

Iran says it is taking initial steps to design reactor fuel

Iran is taking preliminary steps to design uranium fuel with a purity of 20 percent for reactors instead of having to copy foreign designs, Iran's nuclear chief said on Sunday. Iran's 2015 nuclear accord with world powers caps the level to which it is abl
Published 14 Jan, 2019 12:00am
Sudan police fire tear gas as protesters press on with demonstrations

Sudan police fire tear gas as protesters press on with demonstrations

Sudanese police fired tear gas Sunday at crowds of anti-government protesters in Khartoum and war-torn Darfur as organisers called for more nationwide rallies against President Omar al-Bashir this week. The demonstrations in Darfur were the first of their
Published 14 Jan, 2019 12:00am
German far right dallies with 'Dexit' from EU
Currency

German far right dallies with 'Dexit' from EU

As the British parliament prepares for a crucial Brexit vote Tuesday, Germany's far right voted Sunday to break a national taboo by campaigning to quit the European Union if its demand for reforms within the bloc are not met. A party congress gathered in
Published 14 Jan, 2019 12:00am
Iran protests to Poland over Iran-focused summit

Iran protests to Poland over Iran-focused summit

Iran's foreign ministry summoned a senior Polish diplomat to protest at Poland jointly hosting a global summit with the United States focused on the Middle East, particularly Iran, state news agency IRNA reported on Sunday. US Secretary of State Mike Pomp
Published 14 Jan, 2019 12:00am
Sterling to make solid gains this year if Brexit path smooth
Currency

Sterling to make solid gains this year if Brexit path smooth

Sterling is likely to gain more than 8 percent this year - assuming Britain and the European Union part ways amicably, according to a Reuters poll of foreign exchange strategists. The pound has largely been ignoring economic data, instead swinging wildly
Published 14 Jan, 2019 12:00am
Federal Reserve may need to backstop repo market: BAML

Federal Reserve may need to backstop repo market: BAML

Extreme volatility in a key funding market for banks as 2018 came to a close should serve as evidence that the US Federal Reserve ought to be prepared to serve as a backstop to prevent the market from seizing up, Bank of America Merrill Lynch analysts sai
Published 14 Jan, 2019 12:00am