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Print - 2019-02-05
Italy's bond yields test 3-week highs

Italy's bond yields test 3-week highs

Italy's government borrowing costs briefly rose to their highest level in three weeks on Monday, pushed up by heightened concern that a deteriorating economic outlook will worsen the country's fiscal position.
Published 05 Feb, 2019 12:00am
Italy's bond yields test 3-week highs

Italy's bond yields test 3-week highs

Italy's government borrowing costs briefly rose to their highest level in three weeks on Monday, pushed up by heightened concern that a deteriorating economic outlook will worsen the country's fiscal position.
Published 05 Feb, 2019 12:00am
FTSE 100 rides to two months high on oil strength; Ryanair slumps

FTSE 100 rides to two months high on oil strength; Ryanair slumps

London's blue-chip stocks climbed to their highest in more than two months on Monday as gains in oil shares and consumer staples offset deep losses in miners, while airline Ryanair slumped after a disappointing quarterly report.
Published 05 Feb, 2019 12:00am
Inquiry refers scandal-hit Australian banks to watchdogs

Inquiry refers scandal-hit Australian banks to watchdogs

A major inquiry into scandals at Australia's banking and financial services firms has referred more than 20 cases to regulators for possible prosecution, and called for substantial changes in the sector. The wide-ranging Royal Commission was called in lat
Published 05 Feb, 2019 12:00am
Inquiry refers scandal-hit Australian banks to watchdogs

Inquiry refers scandal-hit Australian banks to watchdogs

A major inquiry into scandals at Australia's banking and financial services firms has referred more than 20 cases to regulators for possible prosecution, and called for substantial changes in the sector. The wide-ranging Royal Commission was called in lat
Published 05 Feb, 2019 12:00am
Turkish inflation resumes rise
Currency

Turkish inflation resumes rise

Turkish inflation slightly surged 1.06 percent in January from December after two months of slowdown, reaching an annual rate of 20.35 percent, driven by higher food prices, official statistics showed Monday. The highest monthly increase was recorded in f
Published 05 Feb, 2019 12:00am
Tesla to buy battery tech firm Maxwell

Tesla to buy battery tech firm Maxwell

Tesla agreed Monday to buy energy tech firm Maxwell Technologies for $218 million, a move that could help the electric carmaker extend the driving range for its vehicles. The all-stock deal values Maxwell at $4.75 a share, according to a statement. The mo
Published 05 Feb, 2019 12:00am
Ryanair to restructure, posts quarterly loss

Ryanair to restructure, posts quarterly loss

Ryanair on Monday unveiled plans for an overhaul to create four subsidiaries, as the Irish no-frills airline revealed also a third-quarter loss of 20 million euros and said a no-deal Brexit "remains worryingly high". Mirroring a set-up by British Airways
Published 05 Feb, 2019 12:00am
Ryanair to restructure, posts quarterly loss

Ryanair to restructure, posts quarterly loss

Ryanair on Monday unveiled plans for an overhaul to create four subsidiaries, as the Irish no-frills airline revealed also a third-quarter loss of 20 million euros and said a no-deal Brexit "remains worryingly high". Mirroring a set-up by British Airways
Published 05 Feb, 2019 12:00am
EU backs Iran trading system but warns on Syria, missiles

EU backs Iran trading system but warns on Syria, missiles

The EU warned Tehran over its ballistic missile programme and interference in the Syria conflict Monday, while welcoming a new mechanism to trade with Iran while bypassing US sanctions. In a long-awaited statement on Iran that has been the subject of more
Published 05 Feb, 2019 12:00am
USA Today owner rejects bid from hedge fund-backed newspaper rival

USA Today owner rejects bid from hedge fund-backed newspaper rival

USA Today publisher Gannett said Monday its board unanimously rejected a $1.4 billion takeover offer from rival Digital First Media that would merge two of the largest US newspaper groups. A statement said the offer last month from hedge fund-backed Digit
Published 05 Feb, 2019 12:00am
'Bond King' Bill Gross to retire from Janus Henderson

'Bond King' Bill Gross to retire from Janus Henderson

Bill Gross, nicknamed "The Bond King," announced Monday he would retire from Janus Henderson to focus on charitable work and managing his personal assets. Gross, 74, helped found PIMCO in 1971 and rose to prominence as one of the most successful fixed-inc
Published 05 Feb, 2019 12:00am
German car sales weaker in January

German car sales weaker in January

Sales of new cars in Germany fell in January, official data showed Monday, at a moment when the vital industry stands at the focus of overlapping political conflicts. The KBA transport authority said it licensed 265,702 vehicles last month, a fall of 1.4
Published 05 Feb, 2019 12:00am
White House economist says economy strong despite shutdown

White House economist says economy strong despite shutdown

The US economy will post strong growth in the first quarter, despite negative effects from the extended government shutdown, top White House economist Kevin Hassett said Monday. He said the year started off strong, with the blockbuster January jobs gain o
Published 05 Feb, 2019 12:00am
US factory orders fall; core capital goods unrevised

US factory orders fall; core capital goods unrevised

New orders for US-made goods unexpectedly fell in November amid sharp declines in demand for machinery and electrical equipment, government data showed on Monday, suggesting a slowdown in manufacturing as 2018 ended. Factory goods orders fell 0.6 percent,
Published 05 Feb, 2019 12:00am
Sami to lead Islamabad United in PSL-IV

Sami to lead Islamabad United in PSL-IV

Islamabad United, one of the franchises of the Pakistan Super League (PSL) Monday announced Mohammad Sami and Shadab Khan as captain and vice captain, respectively, for the fourth edition of the PSL which will kick off on 14th February, 2019 in Dubai.
Published 05 Feb, 2019 12:00am
Honda Polo Cup 2019 begins

Honda Polo Cup 2019 begins

The Honda Polo Cup 2019 will roll into action from Tuesday (today) here at Lahore Polo Club ground. According to Lahore Polo Club (LPC) President Malik Atif Yar Tiwana, top six teams have been featuring in the 12-goal tournament, which is divided into two
Published 05 Feb, 2019 12:00am
Holder banned for slow over-rate

Holder banned for slow over-rate

West Indies captain Jason Holder has been suspended for the third and final Test against England due to his team's slow over-rate during their victory in Antigua last week, the ICC announced on Monday. Cricket's governing body banned Holder, despite the h
Published 05 Feb, 2019 12:00am
Starc on fire as Australia thrash Sri Lanka to win series

Starc on fire as Australia thrash Sri Lanka to win series

A resurgent Mitchell Starc took five wickets as Australia wrapped up a confidence-boosting 2-0 series thrashing of Sri Lanka Monday, with the tourists skittled for 149 in the second Test at Canberra. In front of a sparse crowd on day four, Sri Lanka resum
Published 05 Feb, 2019 12:00am
Jazz Business Golf Tournament kicks off in Karachi

Jazz Business Golf Tournament kicks off in Karachi

The Jazz Business Golf Tournament 2019, a premium amateur golfing tournament of Pakistan, concluded its 1st round at the Karachi Golf Club, Karsaz. The tournament witnessed participation from amateur golfers, distinguished customers and top management at
Published 05 Feb, 2019 12:00am
Pakistan win gold, silver and bronze medals in Fujairah Taekwondo Open

Pakistan win gold, silver and bronze medals in Fujairah Taekwondo Open

Pakistan clinched two gold medal, one silver and two bronze medals with the Queen and youngest player of the event Ayesha Ayaz from Swat felt her presence by winning bronze medal in the 27kg weight category of the 7th Fujairah Open Taekwondo Championship
Published 05 Feb, 2019 12:00am
Footballer Sala's missing plane found

Footballer Sala's missing plane found

The wreckage of a plane carrying Argentine footballer Emiliano Sala and his pilot has been found two weeks after it disappeared in the English Channel, one of the investigators said on Monday. Sala, 28, was flying from France to join his new club, Premier
Published 05 Feb, 2019 12:00am
South Africa's rand likely to gain just two percent in a year
Currency

South Africa's rand likely to gain just two percent in a year

South Africa's rand is expected to trade just 2 percent higher in a year as local economic reforms kick in and support the currency, but it may be held back by a potentially more hawkish US Federal Reserve, a Reuters poll found. The survey of 35 currency
Published 05 Feb, 2019 12:00am
Dollar rises in Asia
Currency

Dollar rises in Asia

The dollar edged higher on Monday, breaking a two-week losing streak as strong US jobs data propped up the greenback in a market broadly cautious on the outlook for risky assets. With much of Asia out on holidays this week, the dollar also took heart from
Published 05 Feb, 2019 12:00am
Early trade in New York: dollar rises broadly, climbs above 110 yen

Early trade in New York: dollar rises broadly, climbs above 110 yen

The US dollar was broadly stronger on Monday, as investors took heart from Friday's strong payroll number and improved risk appetite helped lift the greenback to a five-week high against the safe-haven yen. The euro weakened as investors fretted over econ
Published 05 Feb, 2019 12:00am
Dollar stands tall in Europe as other currencies struggle
Currency

Dollar stands tall in Europe as other currencies struggle

The dollar snapped a two-week losing streak on Monday as strong US jobs data fuelled demand while other currencies were trapped in narrow ranges. The euro struggled to rise above $1.15 as cautious comments from the European Central Bank at its January mee
Published 05 Feb, 2019 12:00am
US crypto exchange Kraken buys index provider Crypto Facilities
Currency

US crypto exchange Kraken buys index provider Crypto Facilities

US virtual currency exchange Kraken said on Monday that it had acquired Crypto Facilities, a cryptocurrency index provider that calculates the reference price for CME Group Inc's bitcoin futures. Kraken said the "nine-figure deal" was its largest acquisit
Published 05 Feb, 2019 12:00am
Canadian dollar pares recent gains
Currency

Canadian dollar pares recent gains

The Canadian dollar weakened against its US counterpart on Monday, reversing some of last week's rally, as oil prices fell and the greenback broadly climbed. The US dollar snapped a two-week losing streak as Friday's strong US jobs data fueled demand just
Published 05 Feb, 2019 12:00am
Emerging currencies weaken
Currency

Emerging currencies weaken

A strong dollar, rising oil prices and US Treasury yields holding on to recent gains put pressure on emerging markets on Monday, with currencies falling and stocks subdued. MSCI's index for developing-world currencies extended losses. The dollar gained af
Published 05 Feb, 2019 12:00am
Sterling rises
Currency

Sterling rises

Sterling rose on Monday after a newspaper report said that goods shipped to Britain from the European Union could be waved through without checks in the event of a "no-deal" Brexit. The Sun newspaper report that British customs will avoid checking goods f
Published 05 Feb, 2019 12:00am
Two-thirds of Himalayan glaciers could melt

Two-thirds of Himalayan glaciers could melt

Two-thirds of Himalayan glaciers, the world's "Third Pole", could melt by 2100 if global emissions are not reduced, scientists warned in a major new study issued on Monday.
Published 05 Feb, 2019 12:00am
Somalia port boss killed, car bomb leaves 9 dead in Shabaab attacks

Somalia port boss killed, car bomb leaves 9 dead in Shabaab attacks

Somalia's Al-Shabaab militants shot dead the Maltese manager of a major northern port and detonated a car bomb in the capital on Monday, killing nine people, in a deadly day for the restive nation. A gunman shot Maltese national Paul Anthony Formosa at th
Published 05 Feb, 2019 12:00am
Guaido strengthened by Europe backing as Venezuela leader

Guaido strengthened by Europe backing as Venezuela leader

International clamor for snap elections in Venezuela intensified Monday as European powers recognized opposition chief Juan Guaido as interim leader after President Nicolas Maduro rejected their ultimatum to call presidential polls.
Published 05 Feb, 2019 12:00am
Norway intelligence service issues Huawei warning

Norway intelligence service issues Huawei warning

Norway's intelligence service PST on Monday issued a warning about Chinese telecoms giant Huawei, whose ties to Beijing have sparked security concerns. "One has to be attentive about Huawei as an actor and about the close connections between a commercial
Published 05 Feb, 2019 12:00am
Salvadorans elect new president

Salvadorans elect new president

Salvadorans on Sunday elected Nayib Bukele, the popular former mayor of San Salvador, as the Central American country's new president - a result that ends the near 30-year grip on power of its two largest parties.
Published 05 Feb, 2019 12:00am
French air strikes 'repel incursion into Chad from Libya'

French air strikes 'repel incursion into Chad from Libya'

French warplanes on Sunday struck twice to halt an armed group that crossed into northern Chad from Libya in a column of 40 pickup trucks, the French military said, adding it acted at Chad's request.
Published 05 Feb, 2019 12:00am
US sends 3,750 more troops to Mexico border: Pentagon

US sends 3,750 more troops to Mexico border: Pentagon

The United States will send an additional 3,750 troops to its frontier with Mexico, the Pentagon said Sunday, as President Donald Trump doubled down on his call for a wall to boost border security.
Published 05 Feb, 2019 12:00am
Military steps in as Australia floods bring crocs to the streets

Military steps in as Australia floods bring crocs to the streets

Australia's military has been deployed to tackle devastating "once-in-a-century" floods that have inundated homes, schools and airports in the country's northeast, forcing hundreds to flee and bringing crocodiles onto the streets. The Australian Defence F
Published 05 Feb, 2019 12:00am
Oil faces uphill struggle

Oil faces uphill struggle

Oil prices will struggle to gain much upward traction this year, as concern about the global economy and growth in US crude supply could offset a boost from OPEC production cuts and sanctions on Iran and Venezuela, a Reuters poll showed. "The 'low for lon
Published 05 Feb, 2019 12:00am
Raw sugar edges higher; cocoa and coffee up

Raw sugar edges higher; cocoa and coffee up

Raw sugar futures edged higher on Monday, though the market continued to lack a clear overall trend, while cocoa and coffee also advanced.
Published 05 Feb, 2019 12:00am
Gold falls in Europe

Gold falls in Europe

Gold prices slipped to their lowest in nearly a week on Monday as the dollar and global equities firmed on the back of upbeat economic data from the United States.
Published 05 Feb, 2019 12:00am
Brazil soya farmers pause sales, gamble on losses

Brazil soya farmers pause sales, gamble on losses

Some Brazilian soyabean farmers in the state of Goiás have decided to pause sales of the crop that is currently being harvested, betting on improved prices ahead due to output losses seen in parts of the country, they told Reuters during a crop tour.
Published 05 Feb, 2019 12:00am
US MIDDAY: gold retreats
Currency

US MIDDAY: gold retreats

Gold retreated to a near one-week low in early New York trade on Monday as the dollar built on momentum from upbeat economic data from the United States, denting bullion's appeal.
Published 05 Feb, 2019 12:00am
Sahiwal incident: LHC seeks report from government by February 7

Sahiwal incident: LHC seeks report from government by February 7

The Lahore High Court (LHC) on Monday sought report from the government by February 07 on resolving the Sahiwal killing incident and observed that the court has no power to form a judicial commission. The Chief Justice LHC to investigate incidents like Sa
Published 05 Feb, 2019 12:00am
Punjab government to utilise recovered land for welfare projects

Punjab government to utilise recovered land for welfare projects

The Punjab government has decided to utilise land, recovered during the recent anti-encroachment operation in Punjab, for welfare projects. In this connection, Punjab Senior Minister Abdul Aleem Khan on Monday asked the Punjab Local Government Department
Published 05 Feb, 2019 12:00am
SECP's directives to public companies

SECP's directives to public companies

The Securities and Exchange Commission of Pakistan (SECP) has directed all public companies to place information of their own complaint handling cell and contact person prominently on their homepage of respective websites as a primary point of contact. Mo
Published 05 Feb, 2019 12:00am
Sahiwal tragedy: JIT report silent on 'who ordered to open fire'

Sahiwal tragedy: JIT report silent on 'who ordered to open fire'

Punjab Deputy Inspector General of Police (Investigation) Jawad Ahmed Dogar has said that the preliminary inquiry report of Joint Investigation Team (JIT) probing the Sahiwal killings does not point out about the person who ordered to open fire on the veh
Published 05 Feb, 2019 12:00am
ATC extends judicial remand of TLP leaders till February 8

ATC extends judicial remand of TLP leaders till February 8

An anti-terrorism court on Monday extended the judicial remand of Maulana Khadim Hussain Rizvi and five other leaders of Tehreek-e-Labbaik Pakistan (TLP) till February 08 in case of launching violent protest against the acquittal of Aasia Bibi from blasph
Published 05 Feb, 2019 12:00am
Kashmir Day: PPP Punjab to hold rally

Kashmir Day: PPP Punjab to hold rally

Pakistan Peoples Party (PPP) Punjab will hold a rally and set a camp at the Chairing Cross in connection with Kashmir Day. The camp will be set up to show solidarity with the freedom struggle of Kashmiri freedom fighters, said a statement issued by the PP
Published 05 Feb, 2019 12:00am
'Poisonous pesticides, polluted water causing cancer'

'Poisonous pesticides, polluted water causing cancer'

Poisonous pesticides and polluted underground and river water are the main causes of increasing cancer among ccitizens. Kissan Board Pakistan President Chaudhry Nisar Ahmad stated this while addressing a seminar arranged by the Board to mark the 'Internat
Published 05 Feb, 2019 12:00am
Nine illegal bottled drinking water units, RO plants seized

Nine illegal bottled drinking water units, RO plants seized

Pakistan Standards and Quality Control Authority (PSQCA) on Monday claimed to have seized nine substandard bottled drinking water units and R.O. plants in crackdown on illegal manufacturing, stock and sale products in the local markets.
Published 05 Feb, 2019 12:00am
Government urged to focus on petrol refining, petrochemical industry

Government urged to focus on petrol refining, petrochemical industry

The present government should specially focus on inviting investments in petroleum refining and petrochemicals industry so as to cut import bill and enhance exports by towing the industrially developed countries like China, Japan, Germany and USA, which h
Published 05 Feb, 2019 12:00am
IRSA stores sufficient water in dams for Rabi crops

IRSA stores sufficient water in dams for Rabi crops

Aided by prolonged I closure of irrigation canal network and three good spells of widespread winter rains in the months of December and January, the Indus River System Authority has stored sufficient water in the Tarbela dam on the mighty Indus and Mangla
Published 05 Feb, 2019 12:00am
'Sehat Insaf Card' scheme termed big initiative

'Sehat Insaf Card' scheme termed big initiative

Terming the 'Sehat Insaf Card' scheme launched by the prime minister Imran Khan under the PTI's 'Sehat Sahulat Programme' as good initiative, the Punjab governor Chaudhry Mohammad Sarwar on Monday said this step will go a long way in achieving the goal of
Published 05 Feb, 2019 12:00am
TCP invites bids for sale of 415 MTs sweeping cargo of urea

TCP invites bids for sale of 415 MTs sweeping cargo of urea

The Trading Corporation of Pakistan has invited fresh bids for disposal of some 415 metric tons sweeping cargo of urea. In the previous tender opened on January 16, only one bid was received and it was declared non-responsive. Therefore, the TCP has issue
Published 05 Feb, 2019 12:00am
LWMC MD directs workers to be punctual

LWMC MD directs workers to be punctual

Lahore Waste Management Company (LWMC) Managing Director Khalid Nazir has said that the operations department will start daily operations early in the morning at 6 am and officers are bound to ensure attendance of workers in each union council.
Published 05 Feb, 2019 12:00am
Voice of Punjab: PTV signs MoU with Alhamra Arts Council

Voice of Punjab: PTV signs MoU with Alhamra Arts Council

Provincial Minister for Information and Culture Fayaz-ul-Hassan Chohan has said that Voice of Punjab (VoP) is such a forum which will bring out a young talent in singing like Mehdi Hassan, Noor Jehan and Alam Lohar and others. "Now the melodious voices wh
Published 05 Feb, 2019 12:00am
Nawaz diagnosed with kidney stone

Nawaz diagnosed with kidney stone

Former prime minister Nawaz Sharif has been diagnosed with a kidney stone, but his blood test, ECG, uric acid and other reports all clear, it has been learnt through reliable sources. The sources claimed that Nawaz's test determines that he did not suffer
Published 05 Feb, 2019 12:00am
IHC disposes of petition seeking release of Junaid

IHC disposes of petition seeking release of Junaid

The Islamabad High Court (IHC) Monday disposed of a petition seeking release of one Junaid Ijaz, who was allegedly picked up by Counter Terrorism Force (CTF) of police from Bhara Kahu. A single bench of IHC comprising Chief Justice Athar Minallah conducte
Published 05 Feb, 2019 12:00am
Cancer awareness seminar held

Cancer awareness seminar held

Punjab University Department of Public Health, Institute of Social and Cultural Studies has organized breast cancer awareness seminar in connection with International Cancer Day. The seminar was attended by a large number of female students and faculty me
Published 05 Feb, 2019 12:00am
Salient features of PBCs

Salient features of PBCs

Pakistan Banao Certificates (PBC) is a sovereign US Dollar denominated retail level instrument, for Pakistanis having bank accounts overseas. The PBC is the first sovereign retail instrument being offered by Government of Pakistan (GOP) that allows overse
Published 05 Feb, 2019 12:00am
Minister for preventive steps to eliminate water-born diseases

Minister for preventive steps to eliminate water-born diseases

Sindh Minister for Health and Population Welfare Dr Azra Fazal Pechuho has said that water-born diseases can be eliminated through preventive measures and in this regard mass media campaign and social mobilization can effectively reduce certain diseases.
Published 05 Feb, 2019 12:00am
Body reviews progress on Diamer Basha, Mohmand dams

Body reviews progress on Diamer Basha, Mohmand dams

The implementation committee on Diamer Basha and Mohmand Dams (ICDBMD), constituted by the Supreme Court of Pakistan, reviewed progress on the both projects at a meeting on Monday. The meeting presided over by Pakistan Water and Power Development Authorit
Published 05 Feb, 2019 12:00am
DIB Pakistan posts after tax profit of Rs 2.5 billion

DIB Pakistan posts after tax profit of Rs 2.5 billion

Dubai Islamic Bank Pakistan Limited recorded excellent performance and growth in 2018.The Bank posted profit before tax of PKR 4.1 billion and profit after tax of Rs. 2.5 Billion for the year ended December 31 2018 showing an increase of 61% and 57% respe
Published 05 Feb, 2019 12:00am
DIB Pakistan posts after tax profit of Rs 2.5 billion

DIB Pakistan posts after tax profit of Rs 2.5 billion

Dubai Islamic Bank Pakistan Limited recorded excellent performance and growth in 2018.The Bank posted profit before tax of PKR 4.1 billion and profit after tax of Rs. 2.5 Billion for the year ended December 31 2018 showing an increase of 61% and 57% respe
Published 05 Feb, 2019 12:00am
Karachi faces water shortage due to cleaning of lines at Dhabeji

Karachi faces water shortage due to cleaning of lines at Dhabeji

Sindh Minister for Local Government Saeed Ghani on Monday said that the city was facing shortage of water from last two days due to installation of new supply lines and cleaning process of water supply lines at Dhabeji. Addressing a follow-up meeting rega
Published 05 Feb, 2019 12:00am
Embezzlement of land: NAB files reference against ex-DC Malir

Embezzlement of land: NAB files reference against ex-DC Malir

National Accountability Bureau (NAB), Karachi on Monday filed a corruption reference against former DC Malir District and others on the charges of embezzlement of 29 acres of government land situated at sector 31 & 32 of scheme 33 Karachi. According to de
Published 05 Feb, 2019 12:00am
Three killed in house roof collapse

Three killed in house roof collapse

Three people including a woman lost their lives as roof of a two-storey house collapsed in Gilgit Colony Korangi, in the jurisdictions of Zaman Town police station. According to the neighbours, the house constructed under a mud rock was in a depilated con
Published 05 Feb, 2019 12:00am
Firoz appointed as FPCCI convener

Firoz appointed as FPCCI convener

President Federation of Pakistan Chambers of Commerce and industry (FPCCI), Engr Daroo Khan Achakzai has appointed Alamgir Firoz as Convener, Diplomatic Affairs Standing Committee of FPCCI-2019. This is third time he has been appointed as convener of the
Published 05 Feb, 2019 12:00am
CM-CS explanation sought: SC nullifies reinstatement of EDO Sukkur

CM-CS explanation sought: SC nullifies reinstatement of EDO Sukkur

Supreme Court (SC) on Monday sought explanation from Sindh Chief Minister and Chief Secretary over reinstatement of an officer in the Education Department, who was terminated from service for making illegal recruitments in the department. Justice Gulzar A
Published 05 Feb, 2019 12:00am
Soneri Bank, 1Link announce launch of 'Soneri PayPak Debit Card'

Soneri Bank, 1Link announce launch of 'Soneri PayPak Debit Card'

Soneri Bank Limited, one of Pakistan's leading private commercial banks, and 1Link, Pakistan's first licensed leading payment system, announced the launch of Soneri PayPak Debit Card for the bank's customers. Soneri PayPak Debit Card is Pakistan's first d
Published 05 Feb, 2019 12:00am
Sindh CM notes Rs 104 billion shortfall in transfers from Centre

Sindh CM notes Rs 104 billion shortfall in transfers from Centre

Sindh Chief Minister Syed Murad Ali Shah has said that the provincial government has witnessed a shortfall of Rs104 billion in the federal transfers this year. "This declining trend is bound to affect our cash flow and development endeavour," he said, tal
Published 05 Feb, 2019 12:00am
Murder of Ramsha: Sindh Assembly witnesses chaos

Murder of Ramsha: Sindh Assembly witnesses chaos

The Sindh Assembly on Monday plunged into chaos after opposition clamoured for justice to the family of a girl 'kidnapped, raped and murdered' in Khairpur. The house failed to proceed smoothly, as the GDA and PTI lawmakers rose from their seats immediatel
Published 05 Feb, 2019 12:00am
Rashid slammed for his remarks against Bilawal

Rashid slammed for his remarks against Bilawal

Adviser to Chief Minister Sindh on Information, Law & Anti-corruption, Barrister Murtaza Wahab has slammed Shaikh Rashid for his remarks against PPP Chairman Bilawal Bhutto-Zardari and said that politics in Pakistan had got defamed because of persons like
Published 05 Feb, 2019 12:00am
Vawda visits IMC to participate in Million Tree Drive

Vawda visits IMC to participate in Million Tree Drive

Federal Minister for Water Resources Faisal Vawda appreciated Indus Motors Company's sustainability initiatives including contributions for Dam Fund, upon his visit to IMC to participate in IMC's Million Tree Drive. He was briefed on IMC's commitment towa
Published 05 Feb, 2019 12:00am
Kashmir conference held in British Parliament

Kashmir conference held in British Parliament

All parties parliamentary group on Pakistan held international conference on Kashmir in the British parliament on the eve of Kashmir Solidarity Day, Aaj News reported. The Kashmir conference was attended by all parties from Pakistan and UK. More than thre
Published 05 Feb, 2019 12:00am
'Customer satisfaction top priority at KMBL'

'Customer satisfaction top priority at KMBL'

In its vision and aspiration to innovate and lead in the customer experience management domain, Khushhali Microfinance Bank (KMBL) entrusted C Square to deploy Contact Center/CX Solution by Genesys and Avantage CRM, one of the best rated solutions globall
Published 05 Feb, 2019 12:00am
ROW to GDA, NDC: EB refuses exemption of NHA's dues

ROW to GDA, NDC: EB refuses exemption of NHA's dues

The National Highway Authority Executive Board (EB) has refused exemption of NHA's dues on account of its right of way (ROW) to Gwadar Development Authority (GDA) and National Development Complex (NDC).
Published 05 Feb, 2019 12:00am
Government may easily adopt supplementary finance bill in NA

Government may easily adopt supplementary finance bill in NA

The government is unlikely to face any difficulty in passage of Supplementary Finance (Amendment) Bill-2019 in the national assembly as the bill does not require debate and sending it to the National Assembly's Standing Committee on Finance, sources in th
Published 05 Feb, 2019 12:00am
PFA declares 471 food workers sick

PFA declares 471 food workers sick

The medical screening lab of the Punjab Food Authority has declared 471 food handlers/workers sick after the results of their medical report were positive, says a monthly report of January 2019 released by the Authority on Monday. PFA Director General Muh
Published 05 Feb, 2019 12:00am
JI to hold rallies, processions on Kashmir Day

JI to hold rallies, processions on Kashmir Day

Jamaat-e-Islami (JI) Khyber Pakhtunkhwa will organize rallies, processions and gatherings to show solidarity people of Kashmir on February 5 (today). On call of JI Ameer, Senator Sirajul Haq, the party central and provincial leaders will lead the rallies
Published 05 Feb, 2019 12:00am
Precious land retrieved from encroachers: minister

Precious land retrieved from encroachers: minister

State Minister for Interior Shehryar Afridi said on Monday that more than 50 acres of precious land illegally occupied by land mafia in the federal capital has been retrieved. Talking to the media here at Bhara Kahu, Afridi said Islamabad Capital Territor
Published 05 Feb, 2019 12:00am
State Life decides to promote sales officers

State Life decides to promote sales officers

State Life Insurance Corporation is the premier life & health insurance company of the country which has served its policy holders for the past 42 years with the best returns in the shape of bonuses and maturity benefits, with an array of products serving
Published 05 Feb, 2019 12:00am
CAA allows night landing operation at BKIA

CAA allows night landing operation at BKIA

The Civil Aviation Authority (CAA) has partially allowed flights landing operation at Bacha Khan International Airport Peshawar during nights.
Published 05 Feb, 2019 12:00am
CDA to start work on Embassy Road by mid-March

CDA to start work on Embassy Road by mid-March

The Capital Development Authority (CDA) will start expansion work on Embassy Road and Ataturk Avenue in the federal capital by mid-March after a delay of almost ten months. A senior official of the CDA told Business Recorder on Monday that work on
Published 05 Feb, 2019 12:00am
PM forms body on Pak-Turkey strategic economic framework

PM forms body on Pak-Turkey strategic economic framework

Prime Minister Imran Khan has constituted a 10-member high level ministerial committee with Finance Minister Asad Umar as convener, to negotiate Strategic Economic Framework (SEF) between Pakistan and Turkey, official sources told Business Recorder.</i
Published 05 Feb, 2019 12:00am
Play one's cards right

Play one's cards right

Pakistan People's Party co-chairman seems to be playing his cards right. In other words, he has been acting adeptly and with good judgement. He has, for example, urged the media to support the opposition's attempts to overthrow the Pakistan Tehreek-e-Insa
Published 05 Feb, 2019 12:00am
French yellow vest anger 'won't go back into the bottle'

French yellow vest anger 'won't go back into the bottle'

An hour south of Paris in the town of Montargis, "yellow vest" demonstrators like Isa Duchesne have no intention of stopping their 12-week protest against President Emmanuel Macron or being drawn into his "great national debate."
Published 05 Feb, 2019 12:00am
Venezuela's crisis

Venezuela's crisis

The world is watching with bated breath the drama playing out in Venezuela. Can Nicolas Maduro's government/presidency survive the onslaught of the US-led campaign for regime change? What are the factors that have led the once promising Chavista revolutio
Published 05 Feb, 2019 12:00am
The 9th NFC

The 9th NFC

The 9th NFC is scheduled to have its first meeting on the 6th of February. The previous 7th NFC Award was signed and then promulgated on by the President of Pakistan in 2010. As per the provisions of Article 160 of the Constitution the Award was to be val
Published 05 Feb, 2019 12:00am
False allegations

False allegations

The Modi government has locked horns with Islamabad over an eight-minute phone call Pakistan's Foreign Minister Shah Mehmood Qureshi made to All Parties Hurriyat Conference leader Mirwaiz Umar Farooq to inform him about a conference and an exhibition to b
Updated 11 Mar, 2019 08:04am
Ease of doing business

Ease of doing business

Razzak Dawood, Advisor to the Prime Minister on Commerce, Textile and Investment - critical sectors with the capacity to deal with the ongoing economic impasse - stated during a press conference that the Khan administration's target is to improve Pakistan
Updated 11 Mar, 2019 08:03am
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