Car production up 6.28% in 11 months, 19.35% in May
The production of jeeps and cars increased by 6.28 percent during first eleven months of the fiscal ear 2016-17...
Faryal Talpur’s former security official gunned down
A former security officer of Pakistan Peoples Party MNA Faryal Talpur, was gunned down on Wednesday. According to police,...
Repealing Obamacare alone would leave 32 million more uninsured: CBO
Thirty-two million Americans would lose their health insurance by 2026 if Obamacare is repealed without a replacement, the US...
IK urges CJ to take “suo motto notice”  of police crackdown
Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan  urged Chief Justice of Pakistan, Justice Nasir-ul Mulk to take suo motto notice of police crackdown on “peaceful  PTI protesters”. Addressing PTI sit-ins at D-Chowk,  IK said “I have spoken to Allama Qadri, who has assured me that “peaceful protests” will continue till Prime... Read more
Army cannot afford to support any side: DG ISPR
Director General Inter-Services Public Relations (ISPR) Major General Asim Bajwa reiterated that Army is not supporting any political party neither Army afford to support any of the sides in the current political crisis in the country. While talking to an international media, Asim Bajwa said “It is entire nation’s army.”... Read more
Common man should stand up for his rights: Imran
Chairman of Pakistan Tehreek-i-Insaf (PTI), Imran Khan has said that rulers will keep on oppressing the common people, as long as they do not stand up  and demand for their rights. Addressing the flood-affectees in Jhang on Monday, Imran Khan said that until a common man will not raise voice for... Read more
“Politics of sit-ins ‘non-serious’ attitude”: Bilawal
Bilawal Bhutto-Zardari has said that the Pakistan People’s Party accepted the results of 2013 general elections in the best interest of democracy.The government should be allowed to run its constitutional term. The PPP chairman while talking to media said that the politics of sit-ins  a non-serious attitude as the nation is... Read more
South Africa launches support package for state owned power supplier
The South African government yesterday announced a wide-ranging support package for troubled state-owned power supplier Eskom, that will see it receive an equity injection and raise additional debt. Eskom, which supplies 95 percent of South Africa’s electricity, has been struggling to meet growing demand, hobbled by years of underinvestment... Read more
India’s central bank governor says that  “investment growth need to pick up”
The Reserve Bank of India Governor Raghuram Rajan said India’s macroeconomic indicators are improving and inflation has been coming down consistent with the central bank’s forecast, but Asia’s third-largest economy needs investment growth to pick up. Rajan, however, said Friday’s industrial output and inflation data suggested that recovery was... Read more
Roche commences trial for eye drug lampalizumab
Swiss drugmaker Roche said today that it had started late-stage trials for its experimental drug lampalizumab as a treatment for a serious eye disease. The Basel-based firm has initiated Phase III trials for lampalizumab as a treatment for geographic atrophy, a leading cause of blindness in adults over 55,... Read more
China 3-year and 5-year local govt bonds auctioned at 4.14, 4.15pc
China’s finance ministry auctioned 32.6 billion yuan ($5.31 billion) of three- and five- year bonds on behalf of six local governments at yields of 4.14 and 4.15 percent, respectively, traders said earlier today. For a breakdown of which local governments issued which amount of debt. In May, the ministry... Read more
Kenya central bank says in the market to mop up 20bn shillings to control excess liquidity
Kenya’s central bank said on Monday it was seeking to mop up 20 billion shillings ($224.77 million) of excess liquidity in term auction deposits (TADs) and repurchase agreements (repos). The central bank has regularly soaked up excess liquidity since last year, and this is the eighth trading session in... Read more
9 days on life still crippled in  flood-hit Jammu Kashmir
Life continued to be at a standstill nine days after the flood devastated the summer capital of the territory Most roads in Srinagar continued to remain submerged under several feet of water and inaccessible as of yesterday. The nerve centre of the city Lal Chowk is under chest high... Read more
Mystery behind appearance of quasars solved
Scientists have solved a mystery behind the appearance of quasars — one of the brightest objects in the universe — that astronomers have been puzzling over for decades. Quasars are super—massive black holes that live at the centre of distant massive galaxies. They shine as the most luminous beacons... Read more
Iraqi president appealed for ‘rapid air strikes’ against IS(IL)
Iraqi President Fuad Masum earlier today urged rapid air strikes against militants ahead of an international conference in Paris on fighting the self styled “Islamic State” group. “They need to act quickly because if there is a delay, if this campaign and this support for Iraq is delayed, maybe... Read more
Evacuations of 1,000 people after forest fires close by Yosemite national Park California
A thousand people were evacuated near Yosemite National Park in central California yesterday due to fires triggered by a weekend heatwave that are threatening hundreds of homes. The blaze that began near Bass Lake has already burned 330 acres (133 hectares) in a matter of hours. None of the... Read more
New Yorker Kira Kazantsev crowned Miss America
New Yorker Kira Kazantsev won the coveted 2015 Miss America Pageant crown yesterday. As part of the competition, Kazantsev, 23, sang Pharrell William’s song “Happy”, keeping time by tapping a red plastic cup. She said in a question-and-answer segment that sexual assault in the U.S. military was a problem... Read more