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Print - 2012-06-04
Belgium test was ideal ahead of Euros: Gerrard

Belgium test was ideal ahead of Euros: Gerrard

England captain Steven Gerrard insists his side's hard-fought 1-0 win over Belgium was the perfect preparation for their Euro 2012 opener against France. Roy Hodgson's side had to withstand some robust challenges from a physical Belgian outfit as well as
Published 04 Jun, 2012 12:00am
Angry Anderson out of West Indies finale

Angry Anderson out of West Indies finale

England left James Anderson out of their 12-man squad announced Sunday for the third and final Test against the West Indies at Edgbaston starting on Thursday. The England selectors insisted the 29-year-old Lancashire star was being omitted to "overcome se
Published 04 Jun, 2012 12:00am
Kuyt signs for Fenerbahce

Kuyt signs for Fenerbahce

Dutch international forward Dirk Kuyt ended a six year spell with English Premier League side Liverpool on Sunday after he agreed to move to Turkish giants Fenerbahce according to media reports. The 31-year-old - capped over 80 times and a member of the D
Published 04 Jun, 2012 12:00am
Angry Wozniacki demands changes after French flop

Angry Wozniacki demands changes after French flop

Former world number one Caroline Wozniacki made an angry exit from the French Open on Saturday and demanded Roland Garros adopt line judging technology in common with the three other Grand Slams. Wozniacki slumped to a 6-1, 6-7 (3/7), 6-3 loss to Estonian
Published 04 Jun, 2012 12:00am
Gavaskar slams ICC over Indian rain-rule snub

Gavaskar slams ICC over Indian rain-rule snub

Batting legend Sunil Gavaskar has hit out at the International Cricket Council (ICC) for retaining the Duckworth/Lewis rule for rain-affected games despite an alternative suggested by an Indian engineer.
Published 04 Jun, 2012 12:00am
Djokovic, Federer escape French Open booby traps

Djokovic, Federer escape French Open booby traps

Novak Djokovic and Roger Federer stayed on course for a mouth-watering French Open semi-final showdown on Sunday, but only after they survived fourth round scares at a chilly Roland Garros.
Published 04 Jun, 2012 12:00am
Cycling: Australia's Durbridge wins Dapihne prologue

Cycling: Australia's Durbridge wins Dapihne prologue

Australia's Luke Durbridge, riding for GreenEdge, edged Britain's triple Olympic champion Bradley Wiggins to win the 5.7 kilometre Dauphine Libre prologue around here on Sunday. The 21-year-old junior world time trial champion, crossed the line one second
Published 04 Jun, 2012 12:00am
New Zealand beat Argentina for Azlan Shah Cup

New Zealand beat Argentina for Azlan Shah Cup

New Zealand beat Argentina 1-0 in a tough and thrilling final clash in the Sultan Azlan Shah Cup men's hockey tournament Sunday that bodes well for the Black Sticks in the London Olympics. It is their maiden win in the Sultan Azlan Shah Cup and the team w
Published 04 Jun, 2012 12:00am
Dominika Cibulkova downs top seed Azarenka at French Open

Dominika Cibulkova downs top seed Azarenka at French Open

Dominika Cibulkova of Slovakia downed top seed Victoria Azarenka of Belarus to pull off a major upset in fourth round action at the French Open on Sunday. The 15th seed won 6-2, 7-6 (7/4) to set up a quarter-final match with either Samantha Stosur of Aust
Published 04 Jun, 2012 12:00am
Motorcycling: Lorenzo turns up heat on Stoner with victory

Motorcycling: Lorenzo turns up heat on Stoner with victory

Spain's Jorge Lorenzo extended his lead in the overall standings on Sunday as he won his second successive race, the Catalunya MotoGP. The Yamaha-riding 2010 world champion came home clear of compatriot Dani Pedrosa on a Honda while Andrea Dovizioso, on a
Published 04 Jun, 2012 12:00am
Budget offers no relief: JI

Budget offers no relief: JI

Ameer, Jamaat-e-Islami, Pakistan, Syed Munawwar Hasan, has said that the federal budget had not provided any relief to the masses but had substantially added to the perks and privileges of the parliamentarians and the budget of the Presidency.
Published 04 Jun, 2012 12:00am
'Corrupt rulers' blamed for power cuts, other woes

'Corrupt rulers' blamed for power cuts, other woes

Punjab Chief Minister Shahbaz Sharif has said that 'Ali Baba Forty Thieves' and corrupt mafia have made the life of people miserable through loadshedding and other problems and while the people are distressed, the rulers are content to watch their sufferi
Published 04 Jun, 2012 12:00am
Punjab chief minister reviews steps towards improved water supply

Punjab chief minister reviews steps towards improved water supply

Punjab Chief Minister, Shahbaz Sharif, has said that provincial government is fully aware of the problems of the people and trying to resolve issues like loadshedding, provision of generators at tubewells for the uninterrupted supply of drinking water. Sp
Published 04 Jun, 2012 12:00am
Five workers killed in fireworks blast

Five workers killed in fireworks blast

Five workers were killed and seven others seriously injured when fireworks exploded near Khokhran police station on Sunday morning. According to police, workers were making fireworks under trees near a warehouse owned by Muhammad Amin and Muhammad Ishfaq
Published 04 Jun, 2012 12:00am
Three-day Iran Fair 2012 concludes

Three-day Iran Fair 2012 concludes

The first ever Iran Fair 2012 concluded with an attendance of more than 30,000 visitors during three days which was participated by more than 75 Iranian and 45 Pakistani companies. This is unprecedented for the first time that any single country exhibitio
Published 04 Jun, 2012 12:00am
Rabbani's father laid to rest

Rabbani's father laid to rest

Mian Atta Rabbani, father of PPP leader Senator Mian Raza Rabbani, was laid to rest here on Sunday. His funeral was attended by a large number of friends, family members, party workers and neighbours at the Sultan Masjid in DHA.
Published 04 Jun, 2012 12:00am
80 percent of pulses to be imported: traders

80 percent of pulses to be imported: traders

The country is likely to import about 80 percent of pulses required for meeting local consumption after the local crop was devastated by frost in winter last year, importers said on Sunday. "Around 80 percent of pulse crops were destroyed by cold weather
Published 04 Jun, 2012 12:00am
Makli graveyard: removal of encroachments sought

Makli graveyard: removal of encroachments sought

Sindh Secretary for Culture Abdul Aziz Uqaili, while unveiling the report of survey team of his department has termed the construction inside Makli graveyard as illegal and recommended the district administration to take strict action with immediate effec
Published 04 Jun, 2012 12:00am
Three-day Mango Festival begins today

Three-day Mango Festival begins today

All arrangements to celebrate three-day National Mangoes and Summer Fruit Festival have been completed by the district administration and Mango Festival Committee.
Published 04 Jun, 2012 12:00am
Private bank's vice president kidnapped

Private bank's vice president kidnapped

Vice President of a private bank was kidnapped from Gulshan-e-Iqbal area in the limits of Aziz Bhatti police station here on Sunday. According to police, Sohail Iqbal Sheikh, who is executive vice-president of a private bank, was kidnapped by armed men, w
Published 04 Jun, 2012 12:00am
Small traders stage sit-in against power outages

Small traders stage sit-in against power outages

Small traders on Sunday organised a rally in scorching and staged a sit-in at Chowk Hussain Agahi against persistent and lengthy and persistent power outages. Protestor, some of whom were wielding batons, said excessive power cuts had made life of people
Published 04 Jun, 2012 12:00am
Commission on new provinces

Commission on new provinces

The public debate whether the call for new provinces is politically motivated is now behind us. President Zardari has set the ball rolling by sending a reference to the Speaker of the National Assembly, asking her to form a commission that should pave
Published 04 Jun, 2012 12:00am
Human rights protection law

Human rights protection law

Pakistan finally fulfilled a longstanding UN human rights requirement on Wednesday when President Asif Ali Zardari signed the National Commission for Human Rights Bill, 2012. Soon afterwards, presidential spokesman Farhatullah Babar claimed credit for the
Published 04 Jun, 2012 12:00am
Fallacy unlimited

Fallacy unlimited

As CIA-operated drones strikes inside Pakistan territory continue, in fact of late have intensified, the public opinion here and elsewhere in the world has begun casting President Obama in the role of an 'executioner'. As to how he personally selects targ
Published 04 Jun, 2012 12:00am
Truth can cost you your job

Truth can cost you your job

This week past the presentation of budget 2012-13 and the Economic Survey 2011-12 was completely overshadowed by an interview given by the Governor of the State Bank of Pakistan (SBP) to a foreign business daily in which he made a series of statements who
Published 04 Jun, 2012 12:00am
Improving governance - II

Improving governance - II

In part I of this series on improving governance, we outlined the characteristics of good governance and discussed the problems and difficulties that come up in the process of improving governance. In this part II, we propose a package of reforms and init
Published 04 Jun, 2012 12:00am
Budget 2012-13: Economy out of the woods?

Budget 2012-13: Economy out of the woods?

What matters to a common man is employment and low inflation, and the emphasis should be on self-employment with its multiplier effect. The Budget 2012-13 appears ill equipped to address the present economic woes, similar to the previous fiscal policy ann
Published 04 Jun, 2012 12:00am
Budget 2012-13: Economy out of the woods?

Budget 2012-13: Economy out of the woods?

What matters to a common man is employment and low inflation, and the emphasis should be on self-employment with its multiplier effect. The Budget 2012-13 appears ill equipped to address the present economic woes, similar to the previous fiscal policy ann
Published 04 Jun, 2012 12:00am
Natural disasters

Natural disasters

Natural disasters have caused tremendous damage to our country in recent years. Our country is already facing serious issues such as terrorism, energy crisis. So it's significant to consider how our government is prepared to cope with natural disasters in
Published 04 Jun, 2012 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 28 to June 1 2012).

Published 04 Jun, 2012 12:00am
The Weather

The Weather

The weather report on Sunday (June 03, 2012) and the forecast for Monday (June 04, 2012).

Published 04 Jun, 2012 12:00am
Revenue generation: Some key budgetary proposals ignored

Revenue generation: Some key budgetary proposals ignored

The government has not accepted some of Federal Board of Revenue's (FBR) major budgetary proposals having a revenue impact of more than Rs26 billion in fiscal 2012-2013, sources told Business Recorder on Sunday.
Published 04 Jun, 2012 12:00am
CNG sector growth hurting industry

CNG sector growth hurting industry

Phenomenal ill-planned growth in CNG sector has resulted in nothing but total collapse of the rest of industrial and manufacturing sectors of the country, particularly textile industry, which tops the list of those that have incurred most damages, accordi
Published 04 Jun, 2012 12:00am
CNG sector growth hurting industry

CNG sector growth hurting industry

Phenomenal ill-planned growth in CNG sector has resulted in nothing but total collapse of the rest of industrial and manufacturing sectors of the country, particularly textile industry, which tops the list of those that have incurred most damages, accordi
Published 04 Jun, 2012 12:00am
Panetta sends message to China on Vietnam visit

Panetta sends message to China on Vietnam visit

US Defence Secretary Leon Panetta used a visit Sunday to Vietnam to make clear Washington's intent to aid allies in the Asia-Pacific region develop and enforce maritime rights in the South China Sea, which Beijing largely claims.
Published 04 Jun, 2012 12:00am
Panetta sends message to China on Vietnam visit

Panetta sends message to China on Vietnam visit

US Defence Secretary Leon Panetta used a visit Sunday to Vietnam to make clear Washington's intent to aid allies in the Asia-Pacific region develop and enforce maritime rights in the South China Sea, which Beijing largely claims.
Published 04 Jun, 2012 12:00am
Asia struggles to ward off impact of European crisis

Asia struggles to ward off impact of European crisis

Weak manufacturing activity in China and dismal growth data from India have underscored Asia''s vulnerability to the European turmoil and sparked fresh calls for government intervention. Asia was long considered a global bright spot, even a haven from Eur
Published 04 Jun, 2012 12:00am
Asia struggles to ward off impact of European crisis

Asia struggles to ward off impact of European crisis

Weak manufacturing activity in China and dismal growth data from India have underscored Asia's vulnerability to the European turmoil and sparked fresh calls for government intervention. Asia was long considered a global bright spot, even a haven from Euro
Published 04 Jun, 2012 12:00am
Asia struggles to ward off impact of European crisis

Asia struggles to ward off impact of European crisis

Weak manufacturing activity in China and dismal growth data from India have underscored Asia's vulnerability to the European turmoil and sparked fresh calls for government intervention. Asia was long considered a global bright spot, even a haven from Euro
Published 04 Jun, 2012 12:00am
Kabul Bank fraud suspects to face trial: official

Kabul Bank fraud suspects to face trial: official

Dozens of people accused of fraud in the Kabul Bank scandal have been referred to a special tribunal for trial and arrest warrants have been issued, Afghanistan''s attorney general''s office said. Deputy attorney general Rahmatullah Nazari said his invest
Published 04 Jun, 2012 12:00am
Kabul Bank fraud suspects to face trial: official

Kabul Bank fraud suspects to face trial: official

Dozens of people accused of fraud in the Kabul Bank scandal have been referred to a special tribunal for trial and arrest warrants have been issued, Afghanistan's attorney general's office said. Deputy attorney general Rahmatullah Nazari said his investig
Published 04 Jun, 2012 12:00am
Kabul Bank fraud suspects to face trial: official

Kabul Bank fraud suspects to face trial: official

Dozens of people accused of fraud in the Kabul Bank scandal have been referred to a special tribunal for trial and arrest warrants have been issued, Afghanistan's attorney general's office said. Deputy attorney general Rahmatullah Nazari said his investig
Published 04 Jun, 2012 12:00am
Canada defends use of military drone attacks

Canada defends use of military drone attacks

Canada defended the use of military drone attacks Sunday, saying technological advances have reduced the likelihood of civilian casualties. Unmanned systems have proved their effectiveness in the decade-long US-led war in Afghanistan and also in Nato stri
Published 04 Jun, 2012 12:00am
Canada defends use of military drone attacks

Canada defends use of military drone attacks

Canada defended the use of military drone attacks Sunday, saying technological advances have reduced the likelihood of civilian casualties. Unmanned systems have proved their effectiveness in the decade-long US-led war in Afghanistan and also in Nato stri
Published 04 Jun, 2012 12:00am
Syria violence kills 89, including 57 troops: NGO

Syria violence kills 89, including 57 troops: NGO

Violence in Syria killed 89 people on Saturday, including 57 soldiers, the largest number of casualties the military has suffered in a single since an uprising began in March 2011, a watchdog said.
Published 04 Jun, 2012 12:00am
Syria violence kills 89, including 57 troops: NGO

Syria violence kills 89, including 57 troops: NGO

Violence in Syria killed 89 people on Saturday, including 57 soldiers, the largest number of casualties the military has suffered in a single since an uprising began in March 2011, a watchdog said.
Published 04 Jun, 2012 12:00am
Afridi stars as Pakistan level Twenty20 series

Afridi stars as Pakistan level Twenty20 series

Shahid Afridi's superb all-round performance helped Pakistan post an easy 23-run victory over Sri Lanka in the second and final Twenty20 international and level the series 1-1. Hosts Sri Lanka were shot out for 99 as they collapsed, their lowest T20 total
Published 04 Jun, 2012 12:00am
Afridi stars as Pakistan level Twenty20 series

Afridi stars as Pakistan level Twenty20 series

Shahid Afridi's superb all-round performance helped Pakistan post an easy 23-run victory over Sri Lanka in the second and final Twenty20 international and level the series 1-1. Hosts Sri Lanka were shot out for 99 as they collapsed, their lowest T20 total
Published 04 Jun, 2012 12:00am
Prime Minister for providing jobs to 15,000 Balochistan youths

Prime Minister for providing jobs to 15,000 Balochistan youths

Prime Minister Syed Yousuf Raza Gilani said Sunday that he has given directions to Chief Secretary Balochistan to identify 15,000 graduates of Balochistan for providing joobs in government departments Fifteen hundred jobs in Federal Levies Force have alre
Published 04 Jun, 2012 12:00am
Prime Minister for providing jobs to 15,000 Balochistan youths

Prime Minister for providing jobs to 15,000 Balochistan youths

Prime Minister Syed Yousuf Raza Gilani said Sunday that he has given directions to Chief Secretary Balochistan to identify 15,000 graduates of Balochistan for providing joobs in government departments Fifteen hundred jobs in Federal Levies Force have alre
Published 04 Jun, 2012 12:00am
Prime Minister for providing jobs to 15,000 Balochistan youths

Prime Minister for providing jobs to 15,000 Balochistan youths

Prime Minister Syed Yousuf Raza Gilani said Sunday that he has given directions to Chief Secretary Balochistan to identify 15,000 graduates of Balochistan for providing joobs in government departments Fifteen hundred jobs in Federal Levies Force have alre
Published 04 Jun, 2012 12:00am
FBR offers reward for detecting duty evasion cases

FBR offers reward for detecting duty evasion cases

A new provision has been introduced in the Customs Act of 1969 to give cash rewards to officers of Pakistan Customs Service for detecting cases involving evasion of customs duty and other taxes and confiscation of goods.
Published 04 Jun, 2012 12:00am
FBR offers reward for detecting duty evasion cases

FBR offers reward for detecting duty evasion cases

A new provision has been introduced in the Customs Act of 1969 to give cash rewards to officers of Pakistan Customs Service for detecting cases involving evasion of customs duty and other taxes and confiscation of goods.
Published 04 Jun, 2012 12:00am
FBR offers reward for detecting duty evasion cases

FBR offers reward for detecting duty evasion cases

A new provision has been introduced in the Customs Act of 1969 to give cash rewards to officers of Pakistan Customs Service for detecting cases involving evasion of customs duty and other taxes and confiscation of goods.
Published 04 Jun, 2012 12:00am
Turnover tax rate: FBR to rectify error in Finance Bill

Turnover tax rate: FBR to rectify error in Finance Bill

The Federal Board of Revenue (FBR) will rectify an error in the Finance Bill (2012-2013) by amending Section 113(2)(b) of the Income Tax Ordinance of 2001 for a reduction in the turnover tax rate from one percent to 0.5 percent as announced in the next ye
Published 04 Jun, 2012 12:00am
Turnover tax rate: FBR to rectify error in Finance Bill

Turnover tax rate: FBR to rectify error in Finance Bill

The Federal Board of Revenue (FBR) will rectify an error in the Finance Bill (2012-2013) by amending Section 113(2)(b) of the Income Tax Ordinance of 2001 for a reduction in the turnover tax rate from one percent to 0.5 percent as announced in the next ye
Published 04 Jun, 2012 12:00am
Turnover tax rate: FBR to rectify error in Finance Bill

Turnover tax rate: FBR to rectify error in Finance Bill

The Federal Board of Revenue (FBR) will rectify an error in the Finance Bill (2012-2013) by amending Section 113(2)(b) of the Income Tax Ordinance of 2001 for a reduction in the turnover tax rate from one percent to 0.5 percent as announced in the next ye
Published 04 Jun, 2012 12:00am
Revenue generation: Some key budgetary proposals ignored

Revenue generation: Some key budgetary proposals ignored

The government has not accepted some of Federal Board of Revenue''s (FBR) major budgetary proposals having a revenue impact of more than Rs26 billion in fiscal 2012-2013, sources told Business Recorder on Sunday.
Published 04 Jun, 2012 12:00am
Kabul to host regional conference for confidence-building

Kabul to host regional conference for confidence-building

Afghanistan is set to host a regional conference on security and confidence-building engagement with its neighbouring countries later this month, a Foreign Ministry spokesman said Sunday. The conference, scheduled for June 14 in the Afghan capital Kabul,
Published 04 Jun, 2012 12:00am
THE RUPEE: PKR manages to shed some losses

THE RUPEE: PKR manages to shed some losses

The rupee, after the clarification about SBP governor's interview, managed to shed some losses against dollar on the currency market during the week, ended on June 2, 2012. In the interbank dealings the rupee lost 1.50 versus dollar for buying at 93.75 an
Published 04 Jun, 2012 12:00am
THE RUPEE: PKR manages to shed some losses

THE RUPEE: PKR manages to shed some losses

The rupee, after the clarification about SBP governor's interview, managed to shed some losses against dollar on the currency market during the week, ended on June 2, 2012. In the interbank dealings the rupee lost 1.50 versus dollar for buying at 93.75 an
Published 04 Jun, 2012 12:00am
'Europe must rethink defence' after US naval shift to Asia

'Europe must rethink defence' after US naval shift to Asia

France said Sunday Europe needed to rethink its defence strategy as the US repositions the majority of its naval fleet to the Pacific. French Defence Minister Jean-Yves Le Drian said questions relating to Europe's defence framework have emerged due to the
Published 04 Jun, 2012 12:00am
'Europe must rethink defence' after US naval shift to Asia

'Europe must rethink defence' after US naval shift to Asia

France said Sunday Europe needed to rethink its defence strategy as the US repositions the majority of its naval fleet to the Pacific. French Defence Minister Jean-Yves Le Drian said questions relating to Europe's defence framework have emerged due to the
Published 04 Jun, 2012 12:00am
153 feared dead as plane crashes in Lagos

153 feared dead as plane crashes in Lagos

At least 153 people are feared dead after their plane plunged into a residential area in Nigeria's economic capital Lagos on Sunday, officials and residents said. Thick smoke rose from the area near the Lagos airport and flames could be seen coming from t
Published 04 Jun, 2012 12:00am
153 feared dead as plane crashes in Lagos

153 feared dead as plane crashes in Lagos

At least 153 people are feared dead after their plane plunged into a residential area in Nigeria's economic capital Lagos on Sunday, officials and residents said. Thick smoke rose from the area near the Lagos airport and flames could be seen coming from t
Published 04 Jun, 2012 12:00am
China steps up Afghan role as Western pullout nears

China steps up Afghan role as Western pullout nears

China and Afghanistan will sign an agreement in the coming days that strategically deepens their ties, Afghan officials say, the strongest signal yet that Beijing wants a role beyond economic partnership as Western forces prepare to leave the country.
Published 04 Jun, 2012 12:00am
Mubarak verdict adds to tension before Egypt vote

Mubarak verdict adds to tension before Egypt vote

Egyptian pro-democracy campaigners called for a new uprising on Sunday, saying justice was not served by the trial of Hosni Mubarak and others blamed for the killing of protesters during the street revolt that ended his three-decade rule.
Published 04 Jun, 2012 12:00am
Mubarak verdict adds to tension before Egypt vote

Mubarak verdict adds to tension before Egypt vote

Egyptian pro-democracy campaigners called for a new uprising on Sunday, saying justice was not served by the trial of Hosni Mubarak and others blamed for the killing of protesters during the street revolt that ended his three-decade rule.
Published 04 Jun, 2012 12:00am
Index down 48.09 points on investor's caution

Index down 48.09 points on investor's caution

A mixed trend was witnessed on the Karachi share market during the outgoing week ended June 01, 2012 due to investors' cautious stance, analysts said. "The investor sentiments were driven by budget related news during the outgoing week", they added. The b
Published 04 Jun, 2012 12:00am
China steps up Afghan role as Western pullout nears

China steps up Afghan role as Western pullout nears

China and Afghanistan will sign an agreement in the coming days that strategically deepens their ties, Afghan officials say, the strongest signal yet that Beijing wants a role beyond economic partnership as Western forces prepare to leave the country.
Published 04 Jun, 2012 12:00am
Kabul to host regional conference for confidence-building

Kabul to host regional conference for confidence-building

Afghanistan is set to host a regional conference on security and confidence-building engagement with its neighbouring countries later this month, a Foreign Ministry spokesman said Sunday. The conference, scheduled for June 14 in the Afghan capital Kabul,
Published 04 Jun, 2012 12:00am
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