Vice Admiral Kaleem Shaukat appointed as Vice Chief of the Naval Staff
Vice Admiral Kaleem Shaukat has been appointed as Vice Chief of the Naval Staff . President of Pakistan Mamnoon...
Netflix renews ´Stranger Things´ for third season
“Stranger Things” fans, rejoice: more adventures in the Upside Down are on the way. Netflix said Friday it had...
Lebanon will only survive if Hezbollah disarms: Saudi minister
Saudi Arabia’s foreign minister said on Friday that Lebanon had been “hijacked” by Hezbollah and could only flourish if...
Nawaz Sharif to be arrested if PPO passed in its present form
Pakistan people’s party PPP’s chairman, Bilawal Bhutto Zardari has said that Prime Minister Nawaz Sharif will be arrested one day if the Protection of Pakistan Ordinance is passed in its present form. In a message on the micro blogging site Twitter, the PP chief expressed the hope that Senate... Read more
Indian voters get inked on their finger (index or middle)
In India, voters get inked on their finger (index or middle) as proof that they have voted. One can actually walk around flicking people off and they wont even take offense! Read more
WB projects 4 per cent GDP growth for 2013-14
The World Bank on Wednesday projected that Pakistan’s GDP growth would approach to four percent during ongoing financial year 2013-14, driven by dynamic manufacturing and service sectors, better energy availability and early revival of investor confidence. The World Bank, in its report ‘Pakistan Development Update 2014’, has forecasted that... Read more
KSE ups 288 points on Eurobond launching outcome
Market rallied after Pakistan government raised highest ever amount of $2b in one attempt through Eurobonds, as a result of which the Pak Rupee was strengthened further. Continued foreign inflows (MTD $42m) also maintained bullish sentiment helping index to close near 29,000 points for the first time ever, equity... Read more
Punjab industry incurs Rs80b additional costdue to Power and gas loadshedding
The industry in Punjab is incurring Rs80 billion as additional cost over and above on energy consumption comparing with the industry in other provinces. The consumption of Punjab industry on PEPCO network is around 84, which means that the industry in other provinces is consuming gas-based captive power plants... Read more
Sindh CM expects huge foreign investment in the province
Sindh Chief Minister Syed Qaim Ali Shah has said that his province is expected to receive multibillion dollar foreign investments over the next three years. Talking to journalists at the second day of Annual Investment Meeting – 2014 (AIM) at Dubai’s International Convention and Exhibition Centre, Shah said foreign... Read more
$2 billion 5-, 10-year Eurobonds sold
Pakistan on Wednesday sold $2 billion worth of five- and 10-year bonds in its first international sale since 2007, the Finance Ministry officials said.  Pakistan marketed $1 billion of five-year notes at a yield of 7.25 percent and $1 billion of 10-year securities at 8.25 percent, said an official... Read more
U.S. denounces Israeli ban on Palestinian contact
Washington on Wednesday denounced an order from Israeli Prime Minister Benjamin Netanyahu to limit his cabinet’s contacts with their Palestinian counterparts as “unfortunate,” according to media reports “We are certainly aware of the announcement. We regard it as unfortunate,” State Department spokeswoman Jen Psaki was quoted as saying, as... Read more
Atlético Medrid wins against arch rivels Barcelona
Atlético Madrid got the better of its Spanish rival Barcelona on Wednesday as Koke’s early goal guided the team to a 1-0 home win and a berth in the Champions League semifinals with a 2-1 victory. Barcelona produced few scoring chances apart from two first-half misses by Lionel Messi.... Read more
Shashi Tharoor up for re-election
Shashi Tharoorm one of the better known faces of the Congress party, will defend his Lok Sabha seat from Kerala today. In 2009, Tharoor won his seat from Thiruvananthapuram despite facing criticism of being an “elite outsider”. He was a senior official at the UN before that, only narrowly... Read more
UN may approve force for Central African Republic
France is predicting that the U.N. Security Council will vote unanimously Today to authorize a nearly 12,000-strong U.N. peacekeeping force for Central African Republic, which has been torn by mounting violence between Christians and Muslims. The 10,000 U.N. troops and 1,800 police would take over from more than 5,000... Read more
Car bombs kill 25 in Syrian city of Homs
At least 25 people, including women and children, have been killed in two car bomb attacks in Homs. More than 107 others were also injured by the bombings that took place on Wednesday in Karm el-Loz, a government-held district of the western city. The explosions struck a commercial street... Read more
Japanese Air force scrambles exceed 800 for first time in 24 years
Japan’s Air Self-Defense Force made 810 fighter jet scrambles against foreign aircraft that approached the country’s territory in fiscal 2013–the first time since fiscal 1989 the number has topped 800. The figure was released in a report by the Defense Ministry on April 9. Scrambles against China, Russia and... Read more
Google invests in robot-maker
Google is taking a stake in a Silicon Valley-based robotics company even though it has yet to reveal its first product. Savioke’s work may be under wraps, but it has announced plans to begin customer trials of a service industry-targeted machine this year. Google has acquired eight other robotics... Read more