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January 23, 2018 12:00 AM UBS shareholders set for bigger payout

ZURICH: UBS, Switzerland´s biggest bank, on Monday proposed an increased dividend and new share buyback programme despite a hefty writedown from a tax overhaul in the United States. The bank posted a 2.2 billion Swiss franc ($2.3 billion) net loss for the fourth quarter of 2017 as the U.S. tax reforms saddled it with a 2.9 billion franc writedown. Pretax

January 23, 2018 12:00 AM Will not work for PSO, oil supply for pumps with other oil companies to continue: tankers association

KARACHI: The negotiations between Pakistan State Oil and the Oil Tanker Owners and Contractors’ Association have collapsed with the looming threat of fuel supply shortage. While observing a countrywide strike, the Oil Tanker Owners and Contractors’ Association has suspended oil supply to Karachi and other major depots of country. The Pakistan State Oil sticks 1

January 23, 2018 12:00 AM Iran lawyer raises concern over missing hijab protester

TEHRAN: A renowned Iranian lawyer raised concern on Monday over the fate of a woman she said was arrested for posing without a headscarf in Tehran in an image that went viral around the world. The woman has not been seen in public since she stood on a pillar box on one of the city’s busiest thoroughfares without a headscarf or long coat required under

January 22, 2018 12:00 AM Delhi lawmakers sacked for allegedly taking illegal benefits

NEW DELHI: India’s President on Sunday sacked 20 lawmakers from the state assembly in New Delhi after they were revealed to be holding jobs in government despite laws forbidding the practice. The purge reduces by nearly a third the number of state assembly seats held by Delhi’s ruling Aam Aadmi Party (AAP), which still maintains a majority. It attacked

January 13, 2018 12:00 AM NAB chairman for strict action against illegal housing societies

Islamabad: National Accountability Bureau (NAB), as part of its special initiative, has nabbed 15 corrupt proclaimed offenders (POs) during last three months. National Accountability Bureau Chairman Justice (r) Javed Iqbal, besides issuing directions to arrest corrupt elements, also ordered arrest of POs to curb corruption, a statement Friday said. He directed 5

January 13, 2018 12:00 AM Imran Butt banned for three months over anti-doping violations

KARACHI: Pakistan Cricket Board (PCB) on Friday officially announced that a three-month period of ineligibility has been imposed on cricketer Imran Butt in a doping matter. “Under the PCB Anti-Doping Rules 2016 (‘PCB Rules’), a three (03) month period of ineligibility has been imposed on cricketer Imran Butt pursuant to his request for an ‘Agreed Sanction’ 4

January 10, 2018 12:00 AM Drone users in Thailand must register or face jail, fines

BANGKOK: Drone users who fail to register their devices in Thailand by Tuesday could face up to five years in jail or a $3,000 fine, officials said, tough new rules that may hit tourists and media alike. The regulations, which were announced in October but take effect this week, cover nearly all forms of drone use from commercial and recreational to scientific 3

January 10, 2018 12:00 AM CAS says 42 Russians appeal IOC doping decisions

ZURICH: The Court of Arbitration for Sport (CAS) said on Tuesday it has registered 42 appeals by Russian athletes seeking to overturn International Olympic Committee (IOC) penalties against them linked to doping violations at the 2014 Sochi Winter Olympics. The IOC’s disciplinary committee found the Russian athletes had broken anti-doping rules, disqualified

January 8, 2018 1:41 AM Islamabad, four provincial capitals to get more NA seats

ISLAMABAD: In what would reflect the growing trend of rural population’s migration to urban areas, particularly to big cities, the federal and all the four provincial capitals are set to have an increased share of National Assembly seats following the delimitation exercise in accordance with the provisional census results. Though Punjab’s share is to go down from 148 to 141 out of the total 10

January 7, 2018 12:00 AM Bilawal rules out any electoral alliance

LAHORE: Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari on Saturday ruled out the possibility of forming alliance with any political party and said they would contest the next general elections independently. Talking to media at the wedding ceremony of senior party leader Chaudhry Manzoor’s daughter, he said the PPP had no role in the current 10