Bitcoin falls 30 percent, posts worst week since 2013
Bitcoin plunged by 30 percent to below $12,000 on Friday as investors dumped the cryptocurrency after its sharp rise...
Real Madrid obliged to keep title race alive in El Clasico
Real Madrid are “obliged” to beat Barcelona on Saturday (5PM PST) if they are to maintain any hope of...
Miss America suspends CEO over misogynistic emails
The Miss America pageant suspended its CEO on Friday after dozens of former beauty queens demanded he step down...
International Music Festival 2014
Continuing its tradition of celebrating diverse mediums of artistic expression, the National Academy of Performing Arts (Napa) has begun the International Music Festival 2014, which will go on till December 7. With musicians from the United States, Italy and Germany and local artistes, the festival aims at using music... Read more
Drone strikes account for 9 suspected ‘Al-Qaeda’ militants in Yemen
Drone strikes killed nine suspected Al-Qaeda militants earlier today in southeast Yemen, where the US military launched a failed operation last month to rescue an American hostage, security and tribal sources said. “Several drone strikes have targeted Al-Qaeda positions in Nusab (in Shabwa province), killing nine members of the... Read more
3rd straight night of protests against police killings in US
Thousands of demonstrators marched in major cities across the United States yesterday in a fresh wave of protests against multiple killings of unarmed black men by white police officers. The signs of growing discontent took place as a New York prosecutor said that a grand jury would consider charges... Read more
Cotton prices continue to fall
The Price fall  in the cotton market continued unabated yesterday as well amid higher arrivals of phutti (seed cotton) and sluggish demand for cotton yarn. Floor brokers said that even on ready counter most deals were now being done below Rs5,000 a maund, and at one stage touched the... Read more
Commitee being set up to check drop in rice exports
Sindh Chief Minister Syed Qaim Ali Shah has formed a committee to look into problems being faced by rice growers and to suggest measures to check falling rice exports. The committee, to be headed by Sindh agriculture Minister Ali Nawaz Khan Mahar, has been also given the mandate to... Read more
Govt committed to gas pipeline project with Iran
President Mamnoon Hussain said that the government is committed to completing the Iran-Pakistan Gas Pipeline project at any cost. “Pakistan is determined to complete the gas project,” the President said during a meeting with the Speaker Iranian Parliament, Dr Ali Larijani at the presidency. Dr Larijani said that Iran... Read more
Maximum banking access for visualy handicapped: SCB directive
The State Bank of Pakistan yesterday issued directives to banks for printing cheque books and other documents in braille script within three months to facilitate the blind. It is obligatory upon banks and microfinance banks (MFBs) to make their financial services accessible to the people with disabilities, especially those... Read more
Federation, Sindh in row over sugarcane price
The federal and Sindh governments are in a row over the issue of fixing sugarcane support price as the latter has refused to accept Ministry for National Food Security’s demand to raise the price from Rs155 to Rs182 per 40kg. In a statement issued on Friday, Minister for National... Read more
KSE Index gains another 58 points
Record-breaking run of shares at the market saw the KSE-100 index add another 57.85 points to close at its new all-time high at 32,148.78 yesterday. Foreign investors were net sellers of $1.23 million worth stocks. Owais Ahsan at JS Global observed that the cement companies continued their run on... Read more
Dar foresees economic expansion of up to  7pc by FY18
An economic growth of seven per cent and a 250pc increase in foreign direct investment (FDI) could be achieved by 2017-18 through democratic governance, supremacy of the Constitution and avoidance of misuse of power, Finance Minister Ishaq Dar said yesterday. Speaking to the participants of the 16th National Security... Read more
12 terrorists arrested in an operation in Islamabad
Law Enforcement Agencies arrested 12 terrorists in an operation in Islamabad. According to intelligence sources, a search operation was launched in Islamabad’s areas of Shehzad Town and Koral in which 12 suspected terrorists were arrested. It is said that the suspected terrorists included an Afghan national. Others belong to... Read more
PIA plane malfunctions, makes emergency landing
Two Pakistan International Airlines (PIA) flights were forced to make emergency landings in the past 12 hours in Lahore and Toronto due to technical faults in the aircrafts. PIA’s Muscat bound flight PK-220 was forced to make emergency landing in Lahore due to a technical issue shortly after take-off.... Read more
US denies Pakistan’s connection in Kashmir violence
The United States has cautioned against making any assumptions linking Pakistan to the latest violence in the Indian occupied Kashmir, while also brushing aside the notion that last week’s meeting between Army Chief General Raheel Sharif and Secretary of State John Kerry was somehow connected to the flare-up in... Read more
Firefighters control Karachi factory blaze
The factory fire at Karachi’s SITE Area has been extinguished by 90 percent citing rescue sources. A third degree blaze erupted in a factory in the Karachi’s industrial area on Friday night. A portion of the building had collapsed due to the intensity of the fire. The cause of... Read more