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January 15, 2019 12:00 AM Newmont buys Goldcorp for $10bln

New York: US gold miner Newmont Mining Corporation said in a statement on Monday it was buying Canadian rival Goldcorp Inc for $10 billion, creating the world´s largest gold mining company.Colorado-based Newmont said it would buy all of Goldcorp´s outstanding common shares in a stock-for-stock transaction, acquiring each share for 0.3280 of a Newmont 1

January 4, 2019 4:29 PM Erdogan shares views about PM Imran Khan, his struggle for change

ANKARA: Sharing his views about Prime Minister Imran Khan, Turkish President Recep Tayyip Erdogan has said that Imran Khan struggled for a long time to bring about change in Pakistan. Addressing a joint press conference here at Turkish Presidential Palace Ankara, Erdogan said, “We discussed to explore further avenues of relations between the two countries 1

December 30, 2018 12:00 AM Brazil’s president-elect plans decree allowing wider gun ownership

SAO PAULO: Brazil’s far-right President-elect Jair Bolsonaro said on Saturday he plans to issue a decree allowing all Brazilians without criminal records to own firearms, welcome news to many core supporters who want him to loosen Brazil’s strict gun laws. Throughout his campaign, Bolsonaro had pledged to dismantle Brazil’s current gun legislation, which 2

December 23, 2018 12:22 PM Asad Umar shares statistics indicating economy is improving

ISLAMABAD: Finance Minister Asad Umar on Sunday shared some statistics in an attempt to show economic indicators are improving . "Jul to October private sector credit offtake this year is Rs.360 billion vs only Rs.110 billion last year in the same period. Agriculture credit in July to Nov this year is Rs 212 billion, increase of 36% vs Rs. 156 billion 7

December 22, 2018 7:30 AM PTI minister shares property tax bills of NY flat allegedly owned by Zardari

Minister for Maritime Affairs Ali Zaidi on Saturday shared property tax statements of what the ruling PTI claims is a flat in New York owned but not declared by PPP co-chairperson Asif Ali Zardari. Zaidi, whose party is seeking Zardari's disqualification from the parliament for concealment of assets, shared on Twitter the property tax statements of an apartment 5

December 21, 2018 12:00 AM Matco Foods’ new plant tocome online by May next year

KARACHI: Matco Foods Limited (MFL), one of the top rice exporters of Pakistan, has procured most of the equipment for its rice glucose syrup and protein plant, which is expected to come online by May 2019. This new expansion would increase the total production capacity of the company to 30,000 tons rice glucose and 3,000 tons rice protein per annum 6

December 16, 2018 12:00 AM Qatar says Gulf alliance needs replacing

DOHA: Qatar called Saturday for a new regional alliance following the failure of the four-decade-old Gulf Cooperation Council to resolve an 18-month rift between the emirate and its neighbours. Foreign Minister Mohammed bin Abdulrahman Al-Thani said that the boycott imposed on the emirate by Saudi Arabia and its allies had irreparably damaged the existing 6

December 12, 2018 12:00 AM Appointment of KPEZDMC chief executive challenged in PHC

PESHAWAR: Appointment of Chief Executive Officer (CEO) and members of the Board of Directors of Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) were on Tuesday challenged in the Peshawar High Court (PHC). Ali Gohar Durrani, a lawyer, filed a writ petition in the high court. He sought an order to declare the appointment 5

December 9, 2018 12:11 PM PM Imran shares Indonesian Naat on Twitter

Prime Minister Imran Khan on Saturday posted a Naat-e-Rasool (SAW) on his Twitter account . Recited by Indonesian musical group "Sabyan Gambus", the Naat was posted twice with caption "Mashalllah from the prime minister's account. Posted on Saturday, the first tweet earned 8.2K retweets and 32 likes while the same video was shared without a caption a short 1

December 4, 2018 12:00 AM Pakistan Refinery transfers Shell’s 29pc stake to PSO

KARACHI: Pakistan Refinery Limited (PRL) on Monday announced the transfer of around 29 percent of its shares held by British Shell to Pakistan State Oil (PSO), more than doubling the total shareholding of the leading state-owned oil marketing firm in the refinery. Total 84 million class-B shares of Shell Petroleum Company Limited, United Kingdom in Pakistan 14