Monday , 25 September 2017

Facebook had tool to weed out fake news: report

WASHINGTON: Facebook had a tool to weed out fake news circulating on the social network this year but declined to deploy it for fear of offending conservatives, a report said Monday. The report by the online news site Gizmodo comes with Facebook under fire for allowing hoaxes and misinformation to …

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Foreign pressure?: Fate of PakTurk schools hangs in the balance

ISLAMABAD/LAHORE: The future of more than 100 Turkish citizens working for private schools set up by the PakTurk International Schools and Colleges network plunged into uncertainty after the government has declined to extend their visas and intended to send them back to Turkey. The decision is significant because it came …

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Tayyip Erdogan begins two-day visit today

ISLAMABAD: Turkey’s President Recep Tayyip Erdogan is set to arrive in Pakistan today (Wednesday) for a two-day visit, his first since an attempted military coup failed to oust him from power earlier this year. Erdogan will be accompanied by a high-level entourage – including Turkish ministers and senior officials, as …

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CPEC’s first cargo safely escorted: Navy

ISLAMABAD: Pakistan Navy is attaching high priority to maritime security components of the China Pakistan Economic Corridor. The Navy reiterated its call to secure the sea route as it deployed its ships to provide security cover to ensure safe and secure transit of MV Cosco Willington and MV Al Hussein …

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Away from the mine’s mouth: Lucky power plant to be the first to run on Thar coal

KARACHI: Lucky Electric Power Company Limited (LEPCL), a wholly owned subsidiary of Lucky Cement Limited, is all set to install a 660-megawatt coal-power plant at Bin Qasim, Karachi, which will be the first plant to use Thar coal as fuel 350km from the mine’s mouth. “Lucky Electric’s electricity tariff will …

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Joint project: Sindh to set up industrial zone in cooperation with China

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that the provincial government has finalised a plan to establish the China-Pakistan Industrial Zone at Dhabeji and develop the Keti Bandar project for the prosperity of Sindh and Pakistan. He said this while talking to a Chinese delegation, led by …

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market watch: Bears dominate in wake of political uncertainty

KARACHI: A growing uncertainty due to the on-going Panama Papers scandal hearing meant bears would dominate the stock market. At close on Tuesday, the Pakistan Stock Exchange’s benchmark KSE-100 index recorded a fall of 0.55% or 233.26 points to finish at 42,292.67. According to Topline Securities market review, a continued …

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Energy supply: SNGPL pushes down UFG loss significantly

ISLAMABAD: The performance of Sui Northern Gas Pipelines Limited (SNGPL) is getting better swiftly as losses caused by theft and leakages have gone down significantly, which will lead to an addition of billions of rupees to the company’s profit. SNGPL’s unaccounted-for-gas (UFG) loss, caused by gas stealing and system leakages, …

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Businessmen urge Turkey to lower tariffs

MULTAN: The business community of southern Punjab has urged the Turkish government to remove or reduce tariffs on Pakistan’s high-potential export products in order to facilitate economic ties between the two countries. They have asked the government and opposition leaders to raise the tariff issue on arrival of Turkish President …

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corporate results: Honda Atlas posts Rs1.5 billion profit in Jul-Sept

KARACHI: Honda Atlas Cars has posted an impressive net profit of Rs1.5 billion in the quarter ended September 30, 2016, up 107% compared with Rs726 million in the same period of previous year, according to a company notice sent to the Pakistan Stock Exchange (PSX). Earnings per share improved to …

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