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Print - 2011-08-01
Emaar profits slip 52 percent in second quarter

Emaar profits slip 52 percent in second quarter

Dubai-based real estate giant Emaar Properties on July 26 said that it posted 422 million dirhams ($115 million) in net profits for the second quarter of 2011, down 52 percent from the year before. Net profits for the second quarter of 2010 were 896 milli
Published 01 Aug, 2011 12:00am
ENI reports profit fall

ENI reports profit fall

Italian oil giant ENI reported on July 29 a 31 percent fall in net profit for the second quarter to 1.25 billion euros ($1.79 billion) due to the conflict in Libya that has slowed output. Adjusting for certain variations, the group calculated its net inco
Published 01 Aug, 2011 12:00am
Petrobras to lease potash mine asset to Vale

Petrobras to lease potash mine asset to Vale

Brazil's state-run oil company Petrobras will lease mining rights to its potash mine concession in the north-eastern state of Sergipe to local miner Vale, Petrobras's chief executive said.
Published 01 Aug, 2011 12:00am
Swatch reports record first-half profit, sales

Swatch reports record first-half profit, sales

The world's biggest watch group Swatch said on July 28 that its first half net profits soared 24.5 percent to 579 million francs (503 million euros, $722 million), setting a fresh record for the company. Sales for the period also beat records previously s
Published 01 Aug, 2011 12:00am
Swatch reports record first-half profit, sales

Swatch reports record first-half profit, sales

The world's biggest watch group Swatch said on July 28 that its first half net profits soared 24.5 percent to 579 million francs (503 million euros, $722 million), setting a fresh record for the company. Sales for the period also beat records previously s
Published 01 Aug, 2011 12:00am
Asia's small exporters at risk in US economic slump

Asia's small exporters at risk in US economic slump

Asia's small, export-driven economies look most vulnerable to the threat of a deeper US economic slump, which could materialise even if Washington manages to avert a debt default.
Published 01 Aug, 2011 12:00am
Deutsche Boerse second quarter EBIT seen up on lower costs

Deutsche Boerse second quarter EBIT seen up on lower costs

Exchange operator Deutsche Boerse is expected to post a 18 percent rise in second-quarter earnings before interest and tax (EBIT) of 304 million euros, as revenue is seen dropping 2 percent, a Reuters poll of 11 banks and brokerages showed on Tuesday.
Published 01 Aug, 2011 12:00am
With bulging cash balances, sovereign funds set for deals

With bulging cash balances, sovereign funds set for deals

Gobal sovereign wealth funds are set to hasten investing the billions of dollars of cash holdings they have built up in a rebound from the 2008 financial crisis that has lifted their combined assets to a record.
Published 01 Aug, 2011 12:00am
With bulging cash balances, sovereign funds set for deals

With bulging cash balances, sovereign funds set for deals

Gobal sovereign wealth funds are set to hasten investing the billions of dollars of cash holdings they have built up in a rebound from the 2008 financial crisis that has lifted their combined assets to a record.
Published 01 Aug, 2011 12:00am
European funds take risk off, bond holdings at 11 month high

European funds take risk off, bond holdings at 11 month high

European investors cut equities and pushed bond holdings to an 11-month high in July as concerns about the negative impact from eurozone and US debt crises encouraged them to cut down on risks, a Reuters poll showed on Thursday.
Published 01 Aug, 2011 12:00am
European funds take risk off, bond holdings at 11 month high

European funds take risk off, bond holdings at 11 month high

European investors cut equities and pushed bond holdings to an 11-month high in July as concerns about the negative impact from eurozone and US debt crises encouraged them to cut down on risks, a Reuters poll showed on Thursday.
Published 01 Aug, 2011 12:00am
Tokyo stocks seen to remain weak next week

Tokyo stocks seen to remain weak next week

Tokyo shares are to remain weak next week on the persistent strength of the yen amid uncertainty over deadlocked US talks for raising its debt limit before a Tuesday deadline, dealers said Friday.
Published 01 Aug, 2011 12:00am
Wall Street Weekahead: debt and data suggest more losses

Wall Street Weekahead: debt and data suggest more losses

US stocks are likely to face more selling pressure next week as the Tuesday deadline draws near for raising the US debt ceiling and Washington remains paralysed by political brinkmanship. Anxiety over the debt crisis sent the S&P 500 lower for five straig
Published 01 Aug, 2011 12:00am
Money funds show resilience despite debt fears

Money funds show resilience despite debt fears

Money market funds face uncharted waters if a debt deal is not reached soon in Washington, but Joe Morgan is not ready to abandon ship. As Chief Investment Officer of Silicon Valley Bank's asset management affiliate, Morgan keeps about $10 billion in mone
Published 01 Aug, 2011 12:00am
Money funds show resilience despite debt fears

Money funds show resilience despite debt fears

Money market funds face uncharted waters if a debt deal is not reached soon in Washington, but Joe Morgan is not ready to abandon ship. As Chief Investment Officer of Silicon Valley Bank's asset management affiliate, Morgan keeps about $10 billion in mone
Published 01 Aug, 2011 12:00am
Global Markets Weekahead: investors straddle US default line

Global Markets Weekahead: investors straddle US default line

If ever there was a pivotal moment for financial markets, this could be it: The United States defaults and investors face the great unknown, or it doesn't and one of 2011's key risks is removed. Not that the coming week does not hold other events of note.
Published 01 Aug, 2011 12:00am
London stock market awaits bank results

London stock market awaits bank results

Britain's banking sector moves into focus next week, with half-year results from Barclays, HSBC and Standard Chartered, as well as bailed-out lenders Lloyds and Royal Bank of Scotland. London's FTSE 100 index shed 2.02 percent over the past week to finish
Published 01 Aug, 2011 12:00am
Middle East markets

Middle East markets

Union National Bank helped limit losses on Abu Dhabi's index on Sunday after posting a 23 percent net profit rise, while other Gulf markets were mixed after a dip in world stocks over US debt concerns. The lender jumped 4.2 percent after its earnings beat
Published 01 Aug, 2011 12:00am
Argentina may need global debt markets

Argentina may need global debt markets

Argentina may have to turn to global credit markets next year for the first time since a 2002 default as its fiscal accounts worsen and excess foreign reserves - a key source of financing - dry up.
Published 01 Aug, 2011 12:00am
Argentina may need global debt markets

Argentina may need global debt markets

Argentina may have to turn to global credit markets next year for the first time since a 2002 default as its fiscal accounts worsen and excess foreign reserves - a key source of financing - dry up.
Published 01 Aug, 2011 12:00am
China funds suggest selling financial, transport stocks

China funds suggest selling financial, transport stocks

Chinese mutual funds cut their recommended exposure to stocks while increasing bond holdings amid concern over inflation and further monetary tightening, a Reuters poll of fund managers for July showed. Mounting concerns over local government debt and a d
Published 01 Aug, 2011 12:00am
China funds suggest selling financial, transport stocks

China funds suggest selling financial, transport stocks

Chinese mutual funds cut their recommended exposure to stocks while increasing bond holdings amid concern over inflation and further monetary tightening, a Reuters poll of fund managers for July showed. Mounting concerns over local government debt and a d
Published 01 Aug, 2011 12:00am
Egypt reduces size of treasury bills sale

Egypt reduces size of treasury bills sale

Egypt's central bank sold 4.5 billion Egyptian pounds ($755.33 million) in domestic treasury bills on Sunday, paring 500 million pounds from the amount it had offered, the Ministry of Finance said. The central bank sold 1.5 billion pounds of 91-day T-bill
Published 01 Aug, 2011 12:00am
Egypt reduces size of treasury bills sale

Egypt reduces size of treasury bills sale

Egypt's central bank sold 4.5 billion Egyptian pounds ($755.33 million) in domestic treasury bills on Sunday, paring 500 million pounds from the amount it had offered, the Ministry of Finance said. The central bank sold 1.5 billion pounds of 91-day T-bill
Published 01 Aug, 2011 12:00am
Nine dead in Moscow river boat accident

Nine dead in Moscow river boat accident

Nine people drowned in a boating accident Sunday after a pleasure boat carrying 16 people collided with a barge and sank in the Moscow river, investigators said. "The boat sank with nine passengers on board, including the captain... who died," the Investi
Published 01 Aug, 2011 12:00am
One dead as trains collide head-on in India

One dead as trains collide head-on in India

Two passenger trains collided head on in eastern India on Sunday, killing at least one person and leaving many trapped in the wreckage, a local official said. The engine of the Guwahati-Bangalore express derailed as it collided with a local train in the M
Published 01 Aug, 2011 12:00am
Protesters urge end to nuclear power in Fukushima

Protesters urge end to nuclear power in Fukushima

An estimated 1,700 people rallied in the capital of Japan's Fukushima region, home to a crippled atomic power plant, on Sunday, calling for an end to nuclear energy, local media reported. "Abolish all the nuclear power plants!" and "Give radiation-free Fu
Published 01 Aug, 2011 12:00am
Israel warns of 'anarchy' if meets all reform demands

Israel warns of 'anarchy' if meets all reform demands

Israel's government hit back on Sunday at protests against the rising cost of living, saying some reforms being demanded might lead to economic crises like those besetting parts of Europe and the United States.
Published 01 Aug, 2011 12:00am
Egyptian judge outlines plans for Mubarak's trial

Egyptian judge outlines plans for Mubarak's trial

The trial of former Egyptian President Hosni Mubarak will be held at a police academy in Cairo, with a maximum of 600 people allowed to attend although proceedings will be televised, the presiding judge said on Sunday.
Published 01 Aug, 2011 12:00am
Yemen's Saleh calls for Ramazan talks to end crisis

Yemen's Saleh calls for Ramazan talks to end crisis

Yemeni President Ali Abdullah Saleh called on Sunday for dialogue with his opponents during the Muslim fasting month of Ramazan to help resolve a crisis over demands for his removal which has paralysed Yemen and confounded efforts at mediation.
Published 01 Aug, 2011 12:00am
Somali legislator shot dead by gunmen

Somali legislator shot dead by gunmen

A Somali member of parliament says a fellow legislator has been shot dead by gunmen in the war-ravaged capital of Mogadishu. Mohamud Abeulahi Weheliye says Khalif Jire Warfa was shot several times on the chest Sunday by unknown gunmen as he walked out of
Published 01 Aug, 2011 12:00am
At least 18 die in bus crash in Zimbabwe

At least 18 die in bus crash in Zimbabwe

Police say at least 18 people died when a bus veered off the highway and slammed into a tree after a wheel broke off. State radio reported Sunday that other passengers in the overcrowded 16-seater minibus were injured in the crash Saturday about 55 miles
Published 01 Aug, 2011 12:00am
World must not be 'indifferent' to famine: pope

World must not be 'indifferent' to famine: pope

Pope Benedict XVI on Sunday urged the world not to be "indifferent" to famine, as some 12 million people in the Horn of Africa face starvation amid the worst drought there in decades.
Published 01 Aug, 2011 12:00am
Bangladesh editor arrested after reports on graft

Bangladesh editor arrested after reports on graft

The editor of an online Bangladesh newspaper and weekly magazine that wrote a series of stories on alleged graft linked to government ministers was arrested Sunday on charges of extortion, police said.
Published 01 Aug, 2011 12:00am
German security official warns of Breivik copycats

German security official warns of Breivik copycats

The recent mass killing in Norway could easily serve as a blueprint for other anti-Muslim militants, one of Germany's top security officials warned in a magazine interview on Sunday. Anders Behring Breivik killed 77 people in bombing and gun attacks in No
Published 01 Aug, 2011 12:00am
Norway gunman to talk if government resigns

Norway gunman to talk if government resigns

Anders Behring Breivik had demanded that Norway's government resign and King Harald V abdicate before he would reveal more about his confessed bombing and shooting spree that killed 77 people, Norwegian public broadcaster NRK reported.
Published 01 Aug, 2011 12:00am
Anti-Qadhafi forces attack town near Tunisian border

Anti-Qadhafi forces attack town near Tunisian border

Rebel forces fought gunmen loyal to Muammar Qadhafi in eastern Libya on Sunday in the latest incident to undermine the insurgents' grip in territory they hold. The clashes renewed opposition fears that Qadhafi's agents had infiltrated the area, days after
Published 01 Aug, 2011 12:00am
11 killed in troubled Northwest China attacks

11 killed in troubled Northwest China attacks

Police shot dead four people Sunday in China's far north-west, bringing to 11 the death toll in weekend violence in one of the country's most troubled ethnic regions. The suspects died after more than 10 pedestrians and officers were injured in what the s
Published 01 Aug, 2011 12:00am
Afghan blast kills 13

Afghan blast kills 13

A suicide attacker killed 12 Afghan policemen and a child in the southern city of Lashkar Gah on Sunday when he detonated a car bomb, the country's Ministry of Interior said. The attack in the heart of a city which was recently handed over to Afghan secur
Published 01 Aug, 2011 12:00am
17 killed as rival political supporters clash in Indonesia's Papua

17 killed as rival political supporters clash in Indonesia's Papua

Seventeen people were killed and several injured in Indonesia's easternmost Papua province Sunday when two groups supporting rival politicians clashed, police said. Men armed with arrows, bows and other crude weapons fought outside a local council buildin
Published 01 Aug, 2011 12:00am
Matric result to be announced on August 2

Matric result to be announced on August 2

Board of Intermediate and Secondary Education (BISE) Rawalpindi will announce the Matric results on August 2 (tomorrow), as formal notification in this regard has been issued.
Published 01 Aug, 2011 12:00am
Cotton growers facing serious price crisis: Fakhar Imam

Cotton growers facing serious price crisis: Fakhar Imam

Former Speaker of National Assembly, Syed Fakhar Imam has said that government should take measures to save farmers from the huge financial loss of more than rupees 460 billion as the prices of cotton have fallen to the lowest ebb. Now ginned cotton is be
Published 01 Aug, 2011 12:00am
108 outlaws nabbed: DPO

108 outlaws nabbed: DPO

The city police have arrested 108 outlaws, including three proclaimed offenders wanted to law enforcement agencies in various cases of heinous crimes.
Published 01 Aug, 2011 12:00am
'Pakistan's childbirth mortality rates world's highest'

'Pakistan's childbirth mortality rates world's highest'

Nearly 300 mothers out of total of 100,000 die during childbirth in Pakistan in various complications related to pregnancy, the highest in the world. This was disclosed here Sunday by a renowned gynaecologist, Dr Haroon Latif Khan while addressing a works
Published 01 Aug, 2011 12:00am
Malik flayed for Tableeghi centre comments

Malik flayed for Tableeghi centre comments

Qari Muhammad Hanif Jhalandari, Secretary General of Wifaq-ul-Madaris Al-Arabia has strongly reacted on the utterance of Federal Interior Minister, Rehman Malik against the Tableeghi centre of Raiwind. He said that though Chaudhry Shujaat Hussain, Chief o
Published 01 Aug, 2011 12:00am
Water thieves get one month term

Water thieves get one month term

As many as five persons, accused of stealing water from the canal, have been caught red handed by the Irrigation Department officials and sentenced of one month imprisonment by the concerned Canal Magistrate. Illegal equipment, including pipes and other m
Published 01 Aug, 2011 12:00am
KP to recruit 500 doctors on ad hoc basis: Hoti

KP to recruit 500 doctors on ad hoc basis: Hoti

Chief Minister Khyber Pakthunkhwa Ameer Haider Khan Hoti has said that the provincial government is making efforts for filling the deficiency of the doctors and paramedics in far-flung areas and a notification for the recruitment of 500 doctors on ad hoc
Published 01 Aug, 2011 12:00am
GCU organises oratory awards ceremony

GCU organises oratory awards ceremony

Government College University Lahore Debating Society has celebrated their 130 oratory awards which they won at the 51 debating championships held during the academic session 2010-11 across the country.
Published 01 Aug, 2011 12:00am
Air-pollution, dust causing throat infections, allergcies

Air-pollution, dust causing throat infections, allergcies

Throat allergies and infections have now become common in the city due to high level of air pollution, rapid industrialisation process, ever increasing automobile smoke, in which throat membrane is badly affected.
Published 01 Aug, 2011 12:00am
Railway officer tortures, threatens passengers

Railway officer tortures, threatens passengers

Pakistan Railways Divisional Commercial Officer (DCO) Lahore Tariq Latif along with his staff and police allegedly tortured passengers after stopping a train at a deserted place on the Lahore-Narowal section. The incident occurred in the night between Sat
Published 01 Aug, 2011 12:00am
Malakand Agency, KP: 'government executes record projects'

Malakand Agency, KP: 'government executes record projects'

The coalition government of ANP and PPP despite floods and terrorism has executed record development projects in Malakand Agency and Khyber Pakthunkhwa in last three years, said Finance Minister KPK Engineer Hamayun Khan on Sunday.
Published 01 Aug, 2011 12:00am
Judicial officials: CJP asked to take notice of 'malpractice'

Judicial officials: CJP asked to take notice of 'malpractice'

Former Senior Member Board of Revenue, Khyber Pakhtunkhwa, Reayat Khan on Sunday appealed Chief Justice, Iftikhar Muhammad Chaudhry to take notice of alleged excesses of certain judicial officials of Peshawar High Court against him and his family.
Published 01 Aug, 2011 12:00am
Revamped zero-rating regime: FBR may amend draft notification

Revamped zero-rating regime: FBR may amend draft notification

The Federal Board of Revenue (FBR) may introduce changes in the draft notification on the revamped zero-rating regime to address the issues raised by the Pakistan Chemicals and Dyes Merchants Association (PCDMA).
Published 01 Aug, 2011 12:00am
CHK staffers seek protection

CHK staffers seek protection

Doctors and paramedics at Civil Hospital Karachi (CHK) have appealed to the government to providee protection to the staffers. "Political affiliations of service providers has severely hampered quality of care provided to the masses," said a senior surgeo
Published 01 Aug, 2011 12:00am
Pervaiz inaugurates USC's outlet in LPC

Pervaiz inaugurates USC's outlet in LPC

Chaudhry Pervaiz Elahi Senior Minister and former chief minister of Punjab while addressing 'Meet-the-Press' at Lahore Press Club supported journalists efforts and castigating 'Qabza Group 'Mafia for creating obstacles in their colony's development.
Published 01 Aug, 2011 12:00am
PPP obeys orders and decisions of courts: Punjab governor

PPP obeys orders and decisions of courts: Punjab governor

Governor Punjab Sardar Latif Khan Khosa said that Pakistan Peoples Party (PPP) has always obeyed the orders and decisions of the honourable courts; its leadership has great reverence and regard for the judiciary.
Published 01 Aug, 2011 12:00am
KU declares BDS Final Year results

KU declares BDS Final Year results

Tahara Jamil and Sehrish Sarosh of BDS Final Year of Altamash Institute of Dental Medicine have secured the First and Third Positions, respectively, in the BDS Final Professional Results 2011 at Karachi University.
Published 01 Aug, 2011 12:00am
Modaraba tribunal constituted for Sindh

Modaraba tribunal constituted for Sindh

The federal government, in exercise of the powers conferred by Section 24 of the 1980 Modaraba Companies and Modaraba (Floatation and Control) Ordinance, has constituted another modaraba tribunal for Sindh.
Published 01 Aug, 2011 12:00am
Modaraba tribunal constituted for Sindh

Modaraba tribunal constituted for Sindh

The federal government, in exercise of the powers conferred by Section 24 of the 1980 Modaraba Companies and Modaraba (Floatation and Control) Ordinance, has constituted another modaraba tribunal for Sindh.
Published 01 Aug, 2011 12:00am
India cannot win Kashmir by force: Mufti

India cannot win Kashmir by force: Mufti

Former puppet chief minister and Peoples Democratic Party Patron, Mufti Muhammad Sayeed has said that the government of India has realised that it cannot win over Kashmir by force. According to Kashmir Media Service, Mufti Sayeed while addressing a gather
Published 01 Aug, 2011 12:00am
'Provision of health, education facilities is the mission of BB'

'Provision of health, education facilities is the mission of BB'

Sindh Fisheries Minister Zahid Ali Bhurgari said here on Sunday that provision of health and education facilities is the mission of Shaheed Mohtarma Benazir Bhutto which the present government has been enthusiastically pursuing. The Minister said this whi
Published 01 Aug, 2011 12:00am
Government urged to notify doctors' promotion orders

Government urged to notify doctors' promotion orders

Pakistan Medical Association has called for immediate issuance of notification of promotion of doctors working under the health department as assured by Sindh Secretary Health. Addressing a press conference here on Sunday, PMA General Secretary, Dr Pir Ma
Published 01 Aug, 2011 12:00am
Naveed arrives in Beijing

Naveed arrives in Beijing

Federal Minister for Water and Power, Syed Naveed Qamar arrived here on Sunday to lead Pakistan at the inaugural session of Pak-China Joint Energy Working Group (JEWG) starting here from Monday. The 2-day meeting of JEWG will discuss 19 energy projects to
Published 01 Aug, 2011 12:00am
Prime Minister congratulates Ghauri on his son's wedding

Prime Minister congratulates Ghauri on his son's wedding

Prime Minister Syed Yousuf Raza Gilani visited with former minister for Ports and Shipping, Senator Babar Ghauri on Sunday evening. He felicitated Ghauri on the marriage of his son and wished the couple a happy and prosperous life.
Published 01 Aug, 2011 12:00am
Tableeghi Jamaat: Shahbaz slams Rehman's remarks

Tableeghi Jamaat: Shahbaz slams Rehman's remarks

Punjab Chief Minister Shahbaz Sharif has described the remarks of Interior Minister Rehman Malik against Tableeghi Jamaat as irresponsible and said that the federal government should refrain from making such statements.
Published 01 Aug, 2011 12:00am
National Day of Swiss Confederation observed

National Day of Swiss Confederation observed

The Consul General of Switzerland in Karachi, Didier Boschung, hosted a reception to mark the 720th national day of Swiss Confederation. An announcement on Sunday said that this year the Swiss Consulate General had also organised a poster competition to c
Published 01 Aug, 2011 12:00am
Consumers to get 'Sasta Atta' from Ramazan Bazaars

Consumers to get 'Sasta Atta' from Ramazan Bazaars

The citizens would be supplied 'Sasta Atta' at 'Ramazan Bazaars' to be established to provide relief to the consumers. The office-bearers of Flour Mills Association have assured District Co-ordination Officer (DCO) Rawalpindi Saqib Zafar that 'Sasta Atta'
Published 01 Aug, 2011 12:00am
PIA Shaheed Benazir Bhutto Flight Academy inaugurated

PIA Shaheed Benazir Bhutto Flight Academy inaugurated

PIA Shaheed Benazir Bhutto Flight Academy's (SBBFA) formal launching ceremony was held today at Shaheed Benazirabad District- Nawabshah Airport. The Academy was inaugurated by Chairperson National Assembly Standing Committee on Defence and MNA, Dr Azra Fa
Published 01 Aug, 2011 12:00am
AIOU starts admissions in commerce degree

AIOU starts admissions in commerce degree

Allama Iqbal Open University (AIOU) will offer Associate Degree in Commerce with specialisation in Accounting and Finance, Banking and Finance from Monday (today). This was announced by Director Admissions, AIOU Syed Zia-ul-Hasnain Naqvi.
Published 01 Aug, 2011 12:00am
Rawalpindi district: 25 Ramazan 'Daster Khuwans' to be set up

Rawalpindi district: 25 Ramazan 'Daster Khuwans' to be set up

As many as 25 'Ramazan Daster Khuwans' would be set up in Rawalpindi to provide Iftari to the poor and needy people. Rawalpindi division would have total 43 daster khuwans; 25 in Rawalpindi district, eight in Attock district, five in Chakwal district and
Published 01 Aug, 2011 12:00am
Photo exhibition

Photo exhibition

Secretary Culture Department, Government of Sindh Abdul Aziz Uqaili will inaugurate the three day photo exhibition titled "Russia - The Space faring Nation" at Zafar Kazmi Art and Craft Gallery, Sindh Museum Hyderabad on 1st August 2011 at 11:00am.
Published 01 Aug, 2011 12:00am
New timings for KPC clinic during Ramazan

New timings for KPC clinic during Ramazan

The Karachi Press Club (KPC) Clinic, providing medical assistance to journalists and their respective families will remain open from 15:00 hours to 17:30 hours, daily except Sundays, during Ramazan.
Published 01 Aug, 2011 12:00am
Utility store set up at KPC

Utility store set up at KPC

A utility store has been established at Karachi Press Club (KPC) for its members. This was stated by the President of the KPC, Tahir Hassan Khan, on Sunday. He said that the facility for about 2,000 members of the KPC is being created in collaboration wit
Published 01 Aug, 2011 12:00am
Good chance for sighting Ramazan moon today

Good chance for sighting Ramazan moon today

Meteorological department says that according to astronomical parameters, there is a good chance for sighting the new moon of Ramazan-ul-Mubarik, 1432 Hijri, on the evening of 01-08-2011(ie on 29th of Shaban, 1432 AH, Monday). The weather is expected fair
Published 01 Aug, 2011 12:00am
FBR biggest hurdle in raising funds: PEW

FBR biggest hurdle in raising funds: PEW

The Pakistan Economy Watch (PEW) on Sunday said Federal Board of Revenue (FBR) has become one of the biggest hurdles in increasing the tax net to raise funds. The Apex tax collecting institutions have repeatedly failed the test of transparency, which has
Published 01 Aug, 2011 12:00am
Philippine rebels demand stoppage of oil, gas projects

Philippine rebels demand stoppage of oil, gas projects

The Philippines' largest Muslim guerrilla group has demanded the government halt any planned oil and gas explorations by foreign companies in vast southern areas they claim, warning Sunday that energy projects would complicate peace talks.
Published 01 Aug, 2011 12:00am
Philippine rebels demand stoppage of oil, gas projects

Philippine rebels demand stoppage of oil, gas projects

The Philippines' largest Muslim guerrilla group has demanded the government halt any planned oil and gas explorations by foreign companies in vast southern areas they claim, warning Sunday that energy projects would complicate peace talks.
Published 01 Aug, 2011 12:00am
$2.5 billion foreign aid received as loans, grants in 2010-11

$2.5 billion foreign aid received as loans, grants in 2010-11

Pakistan received $ 2.5 billion foreign assistance during 2010-11, including loans worth $ 1.8 billion and grants of $ 668 million, which was around 0.9 billion rupees less than the revised figure for the year, indicated in the 2011-12 budget documents. T
Published 01 Aug, 2011 12:00am
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