Stunning Lyon, Starc catches floor England
Two freakish Australian catches rocked England´s diminishing hopes of saving the second Ashes Test on a fast-moving third day...
‘Kwaussie’ named Australian word of the year
Inspired by a dual citizenship crisis plaguing politics in Australia, the term “Kwaussie” — a mix of Kiwi and...
Pakistan has potential for strong economic growth: study
Pakistan has the potential for achieving strong economic growth till 2030, says a study, provided it successfully overcomes five major...
Obama approves sending 1,500 more troops to Iraq
President Barack Obama has approved sending up to 1,500 additional troops to Iraq to aid Baghdad government and Kurdish forces fighting the Islamic State group, the White House stated yesterday. The 1,500 troops will include a group of advisors to help Iraqi forces plan operations and a group of... Read more
Jihadists threaten to fight Egypt army ´until judgment day´
A jihadist group that has claimed a large number of attacks on Egyptian security forces yesterday threatened new assaults against the army. The Sinai-based Ansar Beit al-Maqdis (Partisans of Jerusalem), the most active militant group in Egypt, said it was engaged in a “war without end”. “We will continue... Read more
The Chinese dragon and the Russian bear Roar Together: Xi, Putin form power duo at APEC
BEIJING: China´s President Xi Jinping and Russian counterpart Vladimir Putin share similar views on issues from human rights to Mikhail Gorbachev, in an increasingly close personal relationship that mirrors their countries´ converging interests. Putin arrives in Beijing Sunday for the Asia-Pacific Economic Cooperation (APEC) summit and his 10th meeting... Read more
Indian army admits ´mistake´ in killing two teenagers
The Indian army has admitted it made a mistake in shooting dead two teenagers in restive Indian-occupied Kashmir this week, a rare public admission of fault by the military. The teenagers died after soldiers fired at a car on the outskirts of Srinagar on Monday, while another youngster was... Read more
FPW Autumn/Winter 2014 Fashion Week lineup
It’s Fashion Week time again! Fashion Pakistan Council, has announced the schedule for ‘Fashion Pakistan Week – Autumn Winter 2014’. As the only A/W Pret Fashion Week in the country, FPW’s Autumn edition tends to be quite interesting. The lineup this year includes a great selection of Karachi’s top... Read more
Pakistan supports “One China Policy”: PM Nawaz
BEIJING: “Pakistan seeks strong economic and trade partnership with China”, said PM Sharif, adding that Pakistan-China economic corridor project reflects the strong ties between the two neighboring countries. He said this while talking to his Chinese counterpart Li Keqiang during his ongoing China visit. The two leaders held talks... Read more
Imran Khan turns to supreme court as rescuer of last resort
The retired cricketer-turned-politcical leader of his Pakistan Tehreek-e-Insaf (PTI), Imran Khan, said yesterday that he was ready to repose trust in a Supreme Court led inquiry commission that could complete its investigation into the alleged ‘vote fraud’ within a month. “We don’t want a long-drawn-out investigation. It shouldn’t take... Read more
Historical first: State as plaintiff in Christian couple murder case
Ports and Shipping Minister Kamran Michael has been appointed the focal person for the case against suspects involved in the murder of a Christian couple in Kot Radha Kishan. Prime Minister Nawaz Sharif appointed Michael as his representative for the case. “This is the first time in the history of... Read more
‘BISP fails in its mission to protect the poor’:Study
ISLAMABAD: The disbursements made through the Benazir Income Support Programme (BISP) have failed to provide social protection to the poorest households, said a study conducted by the Policy Research Institute of Market Economy. “About 95 per cent of BISP cash grant beneficiary households did not find the grants helpful... Read more
Bulls charged up to push index beyond 31,000-level
KARACHI: Stocks extended gains on Friday with the KSE-100 index up by 266.26 points or 0.87 per cent to close at 30,930.04 points. Investor interest was manifested in the index moving to the north without once looking back. Intra-day the benchmark climbed to touching distance of 31,000 points at... Read more
SECP registers 350 new limited companies
The Securities and Exchange Commission of Pakistan (SECP) registered 350 companies in October, an increase of 7 per cent compared with the corresponding month of last year. Around 89pc companies were registered as private limited, while around 7pc companies were registered as single member companies, according to an SECP... Read more
3 additional companies added to MSCI FM small cap index
MSCI, a leading provider of investment decision support tools worldwide, has announced the results of semi-annual index review for MSCI equity indices. Analysts noted that in the seven months of this year, Pakistan attracted foreign portfolio investment (FPI) inflow of $427 million, which accounting for 20 per cent of... Read more
Govt. confisicates substandard wheat, orders probe
ISLAMABAD: The government has confiscated about 70 containers of substandard wheat imported from Ukraine by the private sector and tasked the Federal Board of Revenue (FBR) for a detailed inquiry. Taking serious note of the import of substandard wheat, the National Assembly Standing Committee on National Food Security directed... Read more
Taxpayer helpline launched
The failure on part of the Federal Board of Revenue (FBR) to address issues in its newly launched e-filing software has forced the Large Taxpayers Unit (LTU) of Karachi to open a dedicated helpline. The taxpayers and tax consultants have been facing difficulties in e-filing of their tax returns... Read more