Iran’s Mahan Air to launch Tehran-Lahore flights from Dec 18
Iran’s Mahan Air has announced two weekly flights between Tehran and Lahore from December 18. According to Iranian state...
Modric latest La Liga player to be accused of tax fraud
Real Madrid midfielder Luka Modric has been accused by Spanish prosecutors of tax fraud of up to 870,728 euros...
North Korea tests most advanced missile yet; US mainland in range
North Korea test fired its most advanced intercontinental ballistic yet on Wednesday, putting the US mainland within range and...
COAS pays tribute to the National Political Leadership
General Raheel Sharif, Chief of Army Staff (COAS) chaired a high level security meeting today. In a press released issued by ISPR, during the meeting he reviewed all activities General Raheel Sharif, Chief of Army Staff (COAS) chaired a high level security meeting today. During the meeting he reviewed... Read more
Political jirga offers conditional talks with militants
Political jirga  said that it is still ready to hold negotiations with the militants only if they lay down their arms. The announcement came a day after national leadership chalked out a plan to root out terrorism from the country. The political jirga visited the army-run school in Peshawar... Read more
Saudi beheads Pakistani for heroin smuggling
Saudi Arabia on Thursday beheaded a Pakistani man for heroin smuggling, the twelfth person from Pakistan to be executed in the kingdom for drug trafficking since mid-October. They are among 85 foreigners and Saudis put to death this year in the oil-rich kingdom, according to an AFP tally. Saudi... Read more
Gunman runs amok in US: 1 person shot dead in shopping mall
A 24 year old was killed when a person opened fire in a shopping mall in the city of Gretna in the State of Louisiana. The firing incident happened when people were busy shopping for Christmas in a local shopping mall. Panic spread in the area after the incident... Read more
Pope urges ‘tenderness’ as more then a billion faithful celebrate
The pope led Christmas Eve mass in the Vatican yesterday calling for “tenderness” and “warmth” after a violence-plagued year as millions of Christians began marking the holiday. The Argentine pontiff´s brief homily was replete with Gospel references in his Christmas Eve mass, broadcast live in 3D for the first... Read more
Public angst over yet another  police killing of black teen in US
Officials scrambled to head off renewed anger yesterday after an armed black teenager was shot dead by a white officer in a St Louis suburb, insisting the use of force was justified. The killing took place late Tuesday at a gas station in Berkeley, near Ferguson, Missouri — ground... Read more
“I always enjoy being the first one” — a fairly apt  statement issued by Academy Award winning documentary filmmaker Sharmeen Obaid-Chinoy, while discussing her soon to be released feature-length animated picture, 3 Bahadur. The production which will be Pakistan’s first animated feature film is being created by Waadi Animations,... Read more
Pakistani dramas prove a hit for Indian audiences in 2014
The great success of  series production with a finite time frame  such as  Zindagi Gulzar Hai and Humsafar,  not only captivated Indian audiences but also topped their charts. The indian audience semed jaded and tired of  endless ‘saas bahu’ type soap operas. Even though bollywood’s greatest  megastar Amitabh Bachchan... Read more
Increased outflow of profits on foreign investment
Inflow of foreign investment in the country has yet to pick up pace, but outflows in the shape of profits and dividends have surged. A report issued by the State Bank said yesterday that the outflows (dividend and profit) on foreign investments during July-November 2014-15 rose to $606 million... Read more
Cotton prices register steep increase on strong demand
Sustained demand for quality lint pushed prices higher on the cotton market yesterday. Spinners and some exporters kept looking for quality lint, but short supply and unwillingness on the part of ginners to sell led to a surge in prices beyond the Rs.5,000 mark. Floor brokers said that slow... Read more
Ogra asks LPG firms to refrain from over profiteering
The Oil and Gas Regulatory Authority (Ogra) has asked the LPG marketing companies to adhere to their licensing conditions and ensure that their dealers and distributors follow the procedures and price notifications. The directive came following an almost 100 per cent surge in liquefied petroleum gas prices in the... Read more
SECP declines  Engro’s ‘disclosure relaxation request’
The Securities and Exchange Commi­ssion of Pakistan (SECP) rejected an application by Engro Powergen Qadirpur (EPQ) for relaxation of disclosure requirements of International Financial Reporting Standards (IFRS). The decision was made in the commission meeting on the grounds that maximum disclosure of information of financial statements was required, and... Read more
Stocks continue to climb at KSE
Bulls charged relentlessly for the fifth day in a row  yesterday with the KSE-100 index up by 249.63 points to close at 32,000.01. Despite the closure of market today, investors were not willing to square their positions for they looked forward to a further upswing in share values post... Read more
Banks to aquire Rs12bn transfer charges in 6 month time frame
The government yesterday gave an undertaking to the commercial banks to clear Rs12 billion transfer charges on account of foreign exchange remittance in three stages within six months. The agreement was reached at a meeting presided over by Finance Minister Ishaq Dar and attended by senior representatives of leading... Read more