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Print - 2012-06-16
Financial crisis creates dangerous Greek medical shortage

Financial crisis creates dangerous Greek medical shortage

Standing for hours on a bustling street in central Athens, Evagelia Simeonidou hopes that today will be the day she gets the medication to treat her severe anaemia caused by kidney disease. Twice in the past week, the slight soft-spoken 64-year-old made t
Published 16 Jun, 2012 12:00am
Does budget have conscience?

Does budget have conscience?

The budget has always an either or concern and the more the paradoxical situation is handled the more relevant the document will become. All of Pakistan's budgets are lacklustre for the public. The major gainers are the powerful in the government or their
Published 16 Jun, 2012 12:00am
The song has ended but the melody lingers on

The song has ended but the melody lingers on

Thus far, the scandal allegedly involving Chief Justice's son and a real estate tycoon has informed us that the conspiracy had been planned. There also reportedly exists evidence, however circumstantial, about how the plan had been put in execution. Th
Published 16 Jun, 2012 12:00am
Rise in remittances: valuable rescue effort

Rise in remittances: valuable rescue effort

We should thank our stars that overseas Pakistanis have come to our rescue when the country's chips are down in most of the areas. According to the latest data released by the State Bank, they have sent home US $1.192 billion during May, 2012 as compar
Published 16 Jun, 2012 12:00am
India may offer wheat to firms, poor as stocks rot

India may offer wheat to firms, poor as stocks rot

The Indian government appears likely to offer 3 million tonnes of wheat to commercial biscuit makers and flour mills and another 10 million tonnes at cheap prices to the poor before its huge stockpiles start to rot.
Published 16 Jun, 2012 12:00am
US Midwest corn and soya bids hold steady

US Midwest corn and soya bids hold steady

US Corn spot basis bids held mostly steady around the US Midwest on Thursday, supported by tight available supplies and scarce farmer sales, dealers said. Some Iowa farmers sold light loads of old-crop corn, dealers said, but elsewhere sales were slow as
Published 16 Jun, 2012 12:00am
US corn futures up on weather woes and strong cash

US corn futures up on weather woes and strong cash

Chicago Board of Trade corn futures were higher at close of pit trade on Thursday due to forecasts the US Corn Belt will become hotter and drier and to strong cash corn markets. Drier and hotter weather is expected by the weekend in the US Midwest corn an
Published 16 Jun, 2012 12:00am
Rains aid Chinese corn, may limit yield losses

Rains aid Chinese corn, may limit yield losses

Heavy rains have improved growing conditions in China's top corn producing provinces, which could limit the damage inflicted by a prolonged period of dryness with forecasts of more crop-friendly weather in the coming days.
Published 16 Jun, 2012 12:00am
US wheat futures end higher

US wheat futures end higher

US wheat futures were higher at the close of pit trade on Thursday on a rare sale of US soft red winter wheat to China and in sympathy with gains in corn. USDA on Thursday said US exporters sold China 110,000 tonnes of soft red winter wheat (SRW), the lar
Published 16 Jun, 2012 12:00am
FOB Gulf corn premiums flat to higher

FOB Gulf corn premiums flat to higher

US corn export premiums at the Gulf Coast were steady to higher on Thursday, despite sluggish export demand for nearby shipments, as tight supplies of old-crop grain supported the market, traders said. Offers for nearby corn shipments were thin as old-cro
Published 16 Jun, 2012 12:00am
No activity on grain market

No activity on grain market

According to the sources at grain and seed merchants group no trading activity was seen on the wholesale grain and seed market on Friday; almost all the participants were busy in preparation for Juma prayers.
Published 16 Jun, 2012 12:00am
Argentinean key soya harvest slowed by rain

Argentinean key soya harvest slowed by rain

Argentine farmers have gathered nearly all 2011/12 soyabeans but final harvesting is being slowed by heavy rains in areas parched by drought earlier in the season, a leading grains exchange said on Thursday.
Published 16 Jun, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 92,104 tonnes of cargo including 54,986 tonnes of import, 37,118 tonnes of export cargo and 4,314 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at 0700 hours on Friday.
Published 16 Jun, 2012 12:00am
Indian hikes farm support prices

Indian hikes farm support prices

India has raised its support price to farmers for common rice to 1,250 rupees per kilogram from 1,080 rupees last year, Home Minister P. Chidambaram told reporters on Thursday, as it seeks to protect its agriculture from global price swings.
Published 16 Jun, 2012 12:00am
Spot rate raised by Rs 100 amid slow trading on cotton market

Spot rate raised by Rs 100 amid slow trading on cotton market

Prices in ready business and spot rate went up on the cotton market on Friday in process of thin trading, dealers said. Official spot rate was increased by Rs 100 to Rs 5,800, they added. In ready business over 2000 bales of cotton changed hands between R
Published 16 Jun, 2012 12:00am
Gayle ready to end exile against England

Gayle ready to end exile against England

Chris Gayle is set to put more than a year in the international wilderness behind him when West Indies face England in the opening match of their one-day series at Southampton on Saturday. Gayle has an impressive One-day record, with over 8,000 runs in 22
Published 16 Jun, 2012 12:00am
'Shandur Polo' festival from July 7

'Shandur Polo' festival from July 7

The traditional and historic "Shandur Polo" festival will be held with traditional fervour from July 07 to 09, 2012. The Prime Minister, Yousuf Raza Gillani is expected to formally inaugurate the event. The matter was discussed during a meeting held under
Published 16 Jun, 2012 12:00am
PTCL win Subh-e-Nau tennis championship

PTCL win Subh-e-Nau tennis championship

Pakistan Telecommunications Company Limited (PTCL), country's largest and most diverse telecom services provider, has won the Subh-e-Nau National Tennis Championship 2012. In a thrilling final, PTCL's Musa Khan and his partner Mahboob Ahmed Khan performed
Published 16 Jun, 2012 12:00am
Sri Lanka-Pakistan ODIs to have reserve days

Sri Lanka-Pakistan ODIs to have reserve days

The remaining two matches in the One-day series between Sri Lanka and Pakistan will have reserve days due to rains in the country, Sri Lanka Cricket (SLC) announced on Friday. The last two day-night games of the five-match series are scheduled to be playe
Published 16 Jun, 2012 12:00am
Taiwan's Lu shocks Tipsarevic at Queen's

Taiwan's Lu shocks Tipsarevic at Queen's

Taiwan's Lu Yen-Hsun clinched a shock 6-3, 2-6, 7-6 (7/5) victory over third seed Janko Tipsarevic on Friday to reach the quarter-finals at Queen's Club for the first time. Lu, who had never been past the last 16 in six visits to this pre-Wimbledon warm-u
Published 16 Jun, 2012 12:00am
Nadal bombs out

Nadal bombs out

Newly-crowned French Open champion Rafael Nadal's start to the grasscourt season at Halle was cut short when the top seed crashed out in the quarter-final to Germany's Philipp Kohlschreiber.
Published 16 Jun, 2012 12:00am
Tiger poised to strike at US Open leader Thompson

Tiger poised to strike at US Open leader Thompson

Michael Thompson was under no illusion that his three-shot lead in the US Open was a comfortable cushion heading into Friday's second round, especially with Tiger Woods breathing down his neck. "I'm just going to go out and do my best," the 27-year-old Th
Published 16 Jun, 2012 12:00am
Spanish press hails Torres

Spanish press hails Torres

Spain's press on Friday hailed the 4-0 demolition of the Republic of Ireland and crowned Fernando Torres as the new footballing hero of a nation in economic crisis. After criticism of coach Vicente Del Bosque for starting the first group game against Ital
Published 16 Jun, 2012 12:00am
Selection row hits India tennis ahead of Olympics

Selection row hits India tennis ahead of Olympics

Indian tennis chiefs on Friday opened the door for a major row after naming a reluctant Mahesh Bhupathi to play with former doubles partner Leander Paes at the London Olympics. The All-India Tennis Association (AITA) named the ageing duo for the Olympic m
Published 16 Jun, 2012 12:00am
India name Koevermans as football coach

India name Koevermans as football coach

India named former Dutch international Wim Koevermans as their new football coach on Friday on a two-year deal in a bid to improve their dismal fortunes. The 51-year-old replaces local incumbent Savio Medeira, who served as an interim coach for six months
Published 16 Jun, 2012 12:00am
Croatia fined over crowd trouble at Ireland match

Croatia fined over crowd trouble at Ireland match

Croatia have been fined 25,000 euros ($31,400, 20,000 pounds) after crowd trouble at the country's Euro 2012 opener with the Republic of Ireland, UEFA said in a statement on Friday. The fine comes after fans lit flares and let off smoke bombs to celebrate
Published 16 Jun, 2012 12:00am
Torres blows away Irish, Mandzukic saves Croats

Torres blows away Irish, Mandzukic saves Croats

Fernando Torres put to bed any debate about his form on Thursday as 'El Nino' scored a double to inspire defending champions Spain to a 4-0 drubbing of a gutsy but outclassed Ireland. His double and goals by David Silva and Cesc Fabregas sent the Spanish
Published 16 Jun, 2012 12:00am
Breakthrough in pay talks with Australia's players

Breakthrough in pay talks with Australia's players

An impasse with the players' union over performance-related pay has been overcome and a final agreement was imminent, Cricket Australia chief James Sutherland said on Friday. Fears of strike action had eased significantly following a breakthrough in talks
Published 16 Jun, 2012 12:00am
Cathay Fin says to raise up to $1.3 billion for China growth

Cathay Fin says to raise up to $1.3 billion for China growth

Cathay Financial, Taiwan's top financial holding firm, will raise up to T$40 billion ($1.33 billion) to acquire rivals or build partnerships in China, its president said on Friday, as trade ties across the Taiwan Strait warm.
Published 16 Jun, 2012 12:00am
MHR Fund becomes largest Navistar shareholder

MHR Fund becomes largest Navistar shareholder

MHR Fund Management LLC said Friday it has a 13.6 percent stake in Navistar International Inc, making it the largest shareholder in the US truck and engine maker, and putting it ahead of the 11.9 percent stake of investor Carl Icahn.
Published 16 Jun, 2012 12:00am
MHR Fund becomes largest Navistar shareholder

MHR Fund becomes largest Navistar shareholder

MHR Fund Management LLC said Friday it has a 13.6 percent stake in Navistar International Inc, making it the largest shareholder in the US truck and engine maker, and putting it ahead of the 11.9 percent stake of investor Carl Icahn.
Published 16 Jun, 2012 12:00am
Canada's household debt grows as manufacturing lags

Canada's household debt grows as manufacturing lags

Canadian economic signals on Friday pointed to sluggish growth, while data showed consumers continue to add to already high debt loads, a trend the Bank of Canada has expressed great concern about. Canadian manufacturing sales declined 0.8 percent in Apri
Published 16 Jun, 2012 12:00am
Peru's economy grows at slowest pace in two years

Peru's economy grows at slowest pace in two years

Peru's economy grew at its slowest rate in more than two years in April, expanding 4.37 percent from the same month a year earlier as exports stumbled on global turmoil, official data showed on Friday. The result was well below the 5.3 percent expected by
Published 16 Jun, 2012 12:00am
Russia keeps rates on hold, supports liquidity

Russia keeps rates on hold, supports liquidity

Russia's central bank surprised the market on Friday by cutting rates for currency swap deals to enhance rouble liquidity and curb money market volatility, while leaving its key interest rates unchanged as expected.
Published 16 Jun, 2012 12:00am
US buyout firms eye stake in Australia's Pact

US buyout firms eye stake in Australia's Pact

US buyout firms Blackstone Group, Carlyle Group and KKR & Co are talking to banks on potential bids for about half of Australia's Pact, in a deal that could value the privately held packaging company at as much as $1.4 billion, sources said.
Published 16 Jun, 2012 12:00am
International Entrepreneurship Congress next month

International Entrepreneurship Congress next month

In an effort to promote entrepreneurship, Ozair Hanafi School of Learning (OHSOL) is organising a two-day International Entrepreneurship Congress (Entrecon -2012) on July 14-15, at a local hotel. The theme of the congress will be "Entrepreneurship: Key to
Published 16 Jun, 2012 12:00am
Fomma-DHA Art Centre ready for activities after repairs

Fomma-DHA Art Centre ready for activities after repairs

The premises of the Fomma-DHA Art Centre (FDAC) in Zamzama Park (DHA-5), which has been under repairs by DHA for sometime, is now available for various art activities and projects. The entire mezzanine wooden floor has been replaced with a strongly re-set
Published 16 Jun, 2012 12:00am
Budget session marred by protests: report

Budget session marred by protests: report

The National Assembly's budget session was marred by a protest drive launched by Pakistan Muslim League-Nawaz (PML-N) against the Prime Minister and other political issues, said a report compiled by the Free and Fair Election Network (Fafen).
Published 16 Jun, 2012 12:00am
Samsung launches dual SIM phone

Samsung launches dual SIM phone

Samsung Electronics has announced the arrival of the sleek Samsung Utica E2252. A combination of comfort and durability, this mobile phone delivers a rich and smart mobile experience, with 'Active' Dual SIM and long-lasting battery life ensuring maximum c
Published 16 Jun, 2012 12:00am
UBL once again declared 'Best Domestic Bank'

UBL once again declared 'Best Domestic Bank'

United Bank Limited (UBL) has once again been declared the "Best Domestic Bank" of Pakistan for 2012, by Asiamoney Magazine in its latest edition. This prestigious annual award recognises the best domestic bank, which stands out based on its outstanding p
Published 16 Jun, 2012 12:00am
Gunmen kill two brothers

Gunmen kill two brothers

Unidentified armed men on Friday gunned down two real brothers and injured their uncle in Tail Godown area of the metropolis. Police sources told APP that unknown armed men riding bike came in Tail Godown Toghi road area and opened fire at two persons sta
Published 16 Jun, 2012 12:00am
Controversial import policy: 450 containers stuck at KICT

Controversial import policy: 450 containers stuck at KICT

At least 450 import containers comprising wooden packaging have been stuck at Karachi International Containers Terminal (KICT), due to wrong interpretation of Import Policy, said Karachi Customs Agents Association (KCAA) on Friday.
Published 16 Jun, 2012 12:00am
Ombudsman Sindh takes suo motu notice

Ombudsman Sindh takes suo motu notice

Asad Ashraf Malik, Ombudsman Sindh, took suo motu notice of reported drowning of a three years' old child in a sewerage hole in Sharafi Goth of district Malir. A statement here on Friday said that he has called for immediate report from the Secretary, Pub
Published 16 Jun, 2012 12:00am
Water supply to urban section of Hyderabad resumes

Water supply to urban section of Hyderabad resumes

Water supply to three urban talkas of Hyderabad resumed after Wasa's power connections were restored on Friday, the Divisional Commissioner, Ahmed Bux Narejo, said on Friday. The electricity, he said, had been restored on the orders of Governor Sindh Dr I
Published 16 Jun, 2012 12:00am
Country likely to receive 5-15 percent more rains this year

Country likely to receive 5-15 percent more rains this year

National Disaster Management Authority and Pakistan has said that the country is likely to receive 5-15 percent more rains during upcoming monsoon that may affect 2.9 million people across the country, especially in Sindh province.
Published 16 Jun, 2012 12:00am
BoJ chief signals steps to shield banks from Greek risk

BoJ chief signals steps to shield banks from Greek risk

Bank of Japan Governor Masaaki Shirakawa pledged on Friday to ensure the country's banking system remains stable, signalling readiness to pump liquidity into the market in case a Greek election in the weekend ignites fresh turmoil.
Published 16 Jun, 2012 12:00am
Denmark, China ink deals

Denmark, China ink deals

Danish businesses were to sign deals with Chinese partners on Friday worth 18 billion kroner (2.42 billion euros, $3.05 billion), Danish officials said as Chinese President Hu Jintao kicked off a state visit. "This is a very important day for us. The Chin
Published 16 Jun, 2012 12:00am
Foreigners trim long-term US security buys in April

Foreigners trim long-term US security buys in April

Overseas investors cut back on purchases of long-term US securities in April, the US Treasury said on Friday, as both public and private accounts unloaded mortgage-backed debt. The United States attracted a net long-term capital inflow of $25.6 billion in
Published 16 Jun, 2012 12:00am
Foreigners trim long-term US security buys in April

Foreigners trim long-term US security buys in April

Overseas investors cut back on purchases of long-term US securities in April, the US Treasury said on Friday, as both public and private accounts unloaded mortgage-backed debt. The United States attracted a net long-term capital inflow of $25.6 billion in
Published 16 Jun, 2012 12:00am
Weak factories, sentiment show shaky US recovery

Weak factories, sentiment show shaky US recovery

US manufacturing output contracted in May for the second time in three months and families took a dimmer view of their economic prospects in early June in signs the American economy's recovery is on shaky ground. Factory production shrank 0.4 percent last
Published 16 Jun, 2012 12:00am
IMF urges 'comprehensive' reforms in crisis-hit Spain

IMF urges 'comprehensive' reforms in crisis-hit Spain

The IMF warned Friday that Spain must implement comprehensive reforms to win back market confidence even after securing a huge rescue loan for its stricken banks. In a hard-hitting report less than a week after the eurozone agreed on a banking rescue of u
Published 16 Jun, 2012 12:00am
Moody's cuts Nokia to 'junk' on fears of cash burn

Moody's cuts Nokia to 'junk' on fears of cash burn

Moody's slashed Nokia's credit rating to "junk" on Friday after the Finnish cellphone maker cut 10,000 more jobs and forecast a wider-than-expected loss, citing worries about its cash position and slow sales of new Windows phones. Equities analysts also c
Published 16 Jun, 2012 12:00am
Moody's cuts Nokia to 'junk' on fears of cash burn

Moody's cuts Nokia to 'junk' on fears of cash burn

Moody's slashed Nokia's credit rating to "junk" on Friday after the Finnish cellphone maker cut 10,000 more jobs and forecast a wider-than-expected loss, citing worries about its cash position and slow sales of new Windows phones. Equities analysts also c
Published 16 Jun, 2012 12:00am
Fitch downgrades Egypt

Fitch downgrades Egypt

Fitch Ratings said it had downgraded Egypt's long-term foreign currency rating from BB- to B+ with a negative outlook because of increasing uncertainties over the political future of the country.
Published 16 Jun, 2012 12:00am
Hong Kong bourse agrees to buy London Metal Exchange

Hong Kong bourse agrees to buy London Metal Exchange

The Hong Kong stock exchange agreed to pay 1.4 billion pounds ($2.18 billion) to buy the 135-year-old London Metal Exchange, the world's biggest marketplace for industrial metals, underlining the shift in manufacturing's centre of gravity to Asia.
Published 16 Jun, 2012 12:00am
China's Yili recalls tainted milk powder

China's Yili recalls tainted milk powder

China's biggest milk producer by revenue, Inner Mongolia Yili Industrial Group Co, has recalled baby formula tainted with "unusual" levels of mercury in the latest safety scare for the country's dairy sector.
Published 16 Jun, 2012 12:00am
WTO backs US in case against China duties on steel

WTO backs US in case against China duties on steel

A World Trade Organisation panel on Friday ruled in favour of the United States in a case against import duties imposed by China on a specialty steel product used in power transformers. "With respect to each of the 11 programmes at issue, the panel conclu
Published 16 Jun, 2012 12:00am
Central banks prepare for turmoil after Greek vote

Central banks prepare for turmoil after Greek vote

Central banks from Tokyo to London checked their ammunition on Friday in preparation for any turmoil from Greece's election, with the European Central Bank hinting at an interest rate cut and Britain set to open its coffers.
Published 16 Jun, 2012 12:00am
Indian shares rise 1.6 percent

Indian shares rise 1.6 percent

Indian shares rose on Friday to their highest close in six weeks as banks gained on hopes for aggressive monetary easing at home, and by hopes major central banks would work to contain any global turmoil from Greek elections. Domestic stocks have rallied
Published 16 Jun, 2012 12:00am
Nikkei closes flat

Nikkei closes flat

Japan's Nikkei share average ended flat on Friday as a risk-off atmosphere pervaded ahead of a pivotal election in Greece at the weekend, but losses were tempered by an overnight report that central banks were prepared to offset potential market turmoil.
Published 16 Jun, 2012 12:00am
Friday's afternoon trade: Wall Street on track to end the week higher

Friday's afternoon trade: Wall Street on track to end the week higher

Wall Street was on track to end the week higher on Friday on hopes of collective action from global central bankers if the closely watched election in Greece this weekend results in market turmoil. The news offset the latest round of weak US economic data
Published 16 Jun, 2012 12:00am
US stocks climb

US stocks climb

US stocks jumped on Thursday after news major central banks are preparing co-ordinated action if the results of Greek elections this weekend lead to turmoil in financial markets. The central banks from major economies will take steps to stabilise markets
Published 16 Jun, 2012 12:00am
Southeast Asian markets: Singapore, Thai stocks lead gains

Southeast Asian markets: Singapore, Thai stocks lead gains

Most Southeast Asian stock markets rose on Friday, posting gains on the week, as a rebound in global oil prices boosted energy shares. Singapore's Straits Times Index ended the day 1.3 percent higher, reversing two straight days of losses, as investors re
Published 16 Jun, 2012 12:00am
Treasuries decline

Treasuries decline

US Treasuries fell on Thursday as gains in stocks and the euro dented safe haven appetite, but looming worries over a Sunday election in Greece could see prices back up before the weekend. A $13 billion auction of US Treasury 30-year bonds, the last leg o
Published 16 Jun, 2012 12:00am
Treasuries decline

Treasuries decline

US Treasuries fell on Thursday as gains in stocks and the euro dented safe haven appetite, but looming worries over a Sunday election in Greece could see prices back up before the weekend. A $13 billion auction of US Treasury 30-year bonds, the last leg o
Published 16 Jun, 2012 12:00am
Hong Kong and Chinese shares jump

Hong Kong and Chinese shares jump

Hong Kong shares jumped on Friday to post a weekly gain of 4 percent, largely on short-covering ahead of Sunday's election in Greece, but activity remained light as Europe's deepening debt crisis kept investors on edge. The Hang Seng index and the China E
Published 16 Jun, 2012 12:00am
European shares rise ahead of cliffhanger Greek vote

European shares rise ahead of cliffhanger Greek vote

European stocks ended higher on Friday, with a key eurozone index hitting its highest closing level in nearly four weeks, as speculation of co-ordinated action by the world's top central banks eclipsed jitters over Greece's cliff-hanger vote on Sunday.
Published 16 Jun, 2012 12:00am
Seoul shares dip

Seoul shares dip

Seoul shares dipped on Friday, underperforming Asian peers as the market nervously awaited a critical weekend election in Greece, while a 3.5 percent decline in index heavyweight Samsung Electronics added to the pressure.
Published 16 Jun, 2012 12:00am
Australian shares nudge up

Australian shares nudge up

Australian shares rose 0.4 percent on Friday, helped by news that major central banks were ready to provide liquidity to stabilise financial markets in case of turmoil following weekend elections in Greece. Markets have been volatile this week as investor
Published 16 Jun, 2012 12:00am
FTSE ends a touch higher

FTSE ends a touch higher

Britain's top share index closed a touch higher on Friday as expectations of global monetary stimulus mitigated tensions surrounding Greece's elections, which were set to decide of the country's eurozone survival and steer financial markets.
Published 16 Jun, 2012 12:00am
Unscheduled loadshedding worsening joblessness situation

Unscheduled loadshedding worsening joblessness situation

Sialkoties are confronting with multiple problems due unscheduled outage of electricity for 18 to 20 hours resultantly the industrial sector, people, as well as patients are facing serious hardships in other words every sector of life had been crippled ad
Published 16 Jun, 2012 12:00am
Threats to Asma Jehangir: speakers demand fair, independent inquiry

Threats to Asma Jehangir: speakers demand fair, independent inquiry

Former President of Supreme Court Bar Association (SCBA) Asma Jahangir said on Friday that she is facing life threats but no body will kill the thinking of people of Pakistan. She was addressing a protest meeting which organised by the Joint Action Commit
Published 16 Jun, 2012 12:00am
Remand of Fort Munroe rape accused extended

Remand of Fort Munroe rape accused extended

The physical remand of three accused in the Fort Munroe gang-rape case was extended on Friday till June 19 for further interrogation, court officials said. The accused Muhammad Zafar, Amjad Ali and Naveed Ahmed were produced before the Civil Judge/Magistr
Published 16 Jun, 2012 12:00am
Urgent steps needed to overcome energy crisis: lawmaker

Urgent steps needed to overcome energy crisis: lawmaker

Measures should be taken for quickly overcoming the power crisis in the country, Muhammad Rafiq, an MPA of the Punjab Assembly, said during the budget session on Friday. He pointed out that although the Kalabagh dam's feasibility had been prepared in 1952
Published 16 Jun, 2012 12:00am
Turkish businessmen ready to initiate joint ventures

Turkish businessmen ready to initiate joint ventures

Turkish businessmen are ready to initiate joint ventures with their Pakistani counterparts, as they are convinced that ample opportunities exist in a number of sectors in Pakistan including energy, textiles and construction.
Published 16 Jun, 2012 12:00am
Special children being sent to US

Special children being sent to US

Six burnt and congenitally abnormal children are being sent to America in collaboration with House of Charity and Shalamar Hospital. The treatment expenditure in America will be borne by Shalamar Hospital and House of Charity, USA. The children are Zeshan
Published 16 Jun, 2012 12:00am
4,000kg meat of dead animals seized

4,000kg meat of dead animals seized

A special magistrate seized over 4,000 kg meat of dead animals and arrested 14 people in a raided here on Friday On information, special magistrate Ehsanul Haq and anti-corruption police in collaboration with elite force raided eight meat stores at Jhal C
Published 16 Jun, 2012 12:00am
PTI casts doubts over Riaz's assertions

PTI casts doubts over Riaz's assertions

Pakistan Tahreek-e-Insaf (PTI) on Friday questioned the credibility of business tycoon Malik Riaz in the wake of his recent statements. PTI's Information Secretary Shafqat Mahmood said that Malik Riaz had raised numerous questions for the Chief Justice to
Published 16 Jun, 2012 12:00am
Certain individuals trying to exploit Riaz: Shujaat

Certain individuals trying to exploit Riaz: Shujaat

Pakistan Muslim League-Q President, Chaudhry Shujaat Hussain said on Friday that certain individuals were trying to exploit the recent developments due to their personal animus and to show off their loyalties before someone.
Published 16 Jun, 2012 12:00am
LSE officials interact with BNU students

LSE officials interact with BNU students

The Lahore Stock Exchange (LSE) held 2nd session for the BBA students of Beacon house National University (BNU) here on Friday.
Published 16 Jun, 2012 12:00am
All MEJA office-bearers elected unopposed

All MEJA office-bearers elected unopposed

Multan Economic Journalists Association (MEJA) elected its entire body unopposed on Friday for the year 2012-13. Syed Nasir Abbas Zaidi of Daily Khabrain and Kashif Siddiqui of Daily Pakistan were elected as President and General Secretary of the associat
Published 16 Jun, 2012 12:00am
PBC stages boycott of courts

PBC stages boycott of courts

Lawyers' community observed a complete boycott here on Friday to express their support to Supreme Court against the allegations of corruption on the son of Iftikhar Muhammad Chaudhry Chief Justice Pakistan Adhering to Punjab Bar Council call for two-day s
Published 16 Jun, 2012 12:00am
Protecting the CJP's honour: lawyers in Southern Punjab observe strike

Protecting the CJP's honour: lawyers in Southern Punjab observe strike

More than 8,000 lawyers of Southern Punjab on Friday observed a complete strike, boycotting cort proceedings. All courts presented a deserted look. Lawyers organised rallies across cities and towns of southern Punjab to support the Chief Justice of Pakist
Published 16 Jun, 2012 12:00am
CJ IHC constitutes seven benches

CJ IHC constitutes seven benches

Chief Justice of the Islamabad High Court (IHC) has constituted five single and two division benches to hear over 275 cases during next week starting from Monday.(18th June) Five single benches will comprise Chief Justice Iqbal Hameed-ur-Rehman, Justice R
Published 16 Jun, 2012 12:00am
Ibn-e-Insha remembred

Ibn-e-Insha remembred

Famous Urdu poet, humorist, travelogue writer and columnist Ibn-e-Insha was remembered on his 85th birth anniversary on Friday. Ibn-e-Insha was born on June 15, 1927 as Sher Muhammad Khan in Phillaur tehsil of Jalandhar District in India. He did B.A. from
Published 16 Jun, 2012 12:00am
AKF launches orphan care programme

AKF launches orphan care programme

Al-Khidmat Foundation (AKF), welfare and charity organisation, on Friday launched the Orphan Care Programme (OCP), aimed to provide free-education facilities to orphan students in the country. The programme formally launched during a press conference by t
Published 16 Jun, 2012 12:00am
Seminar on Irrigation Reforms held

Seminar on Irrigation Reforms held

Agriculture University in Tando Jam Sindh organised a day-long seminar on Irrigation Reforms: Issues and Options on Thursday evening.
Published 16 Jun, 2012 12:00am
Agriculture inputs distributed among flood-hit farmers of Upper Dir

Agriculture inputs distributed among flood-hit farmers of Upper Dir

Khyber government has distributed free agricultural inputs, aimed at improving the socio-economic status of the flood-affected farmers. More than 1,734 flood-hit farmers hailing from district Dir Upper would take benefits for the agriculture assistance pa
Published 16 Jun, 2012 12:00am
New EU scheme: 'Pakistan to pay zero export tariffs'

New EU scheme: 'Pakistan to pay zero export tariffs'

Commenting on the European parliament vote to support a new European Union (EU) trade preference scheme for developing countries Sajjad Karim, British Conservative MEP and Legal Affairs spokesperson, said the new scheme will allow Pakistan to apply for ze
Published 16 Jun, 2012 12:00am
KFC celebrates 15 years in Pakistan

KFC celebrates 15 years in Pakistan

KFC has successfully completed its 15 years of operations in Pakistan, therefore, to celebrate the landmark, KFC has launched a festive campaign by offering meal boxes at competitive prices and instant prizes to its customers.
Published 16 Jun, 2012 12:00am
Nato supplies: DPC holds rally against possible restoration

Nato supplies: DPC holds rally against possible restoration

Leaders of the Difa-e-Pakistan Council (DPC) held a protest rally against expected restoration of Nato supplies and warned the government to refrain from such pro-US steps, otherwise, masses will come out to streets against it.
Published 16 Jun, 2012 12:00am
KP assembly gives approval to three demands for grants

KP assembly gives approval to three demands for grants

Khyber Pakhtunkhwa Assembly on Friday approved three demands for grants worth Rs 2.176 billion out of the total 59 demands for grants of Rs 303 billion. The minister for law and parliamentary affairs, Arshad Abdullah presented demands for grants for provi
Published 16 Jun, 2012 12:00am
PTA chief accused of commiting five major irregularities in FY11

PTA chief accused of commiting five major irregularities in FY11

Pakistan Telecommunication Authority (PTA) Chairman committed five major financial and procedural irregularities during 2010-11 including unauthorised transfer of Universal Service Fund (USF), approval of revised budget, unlawful selection of advocates' p
Published 16 Jun, 2012 12:00am
Sterling rallies

Sterling rallies

Sterling rallied on Friday as investors cut bearish bets ahead of the Greek election while some cheered UK policymakers' pre-emptive move to cushion the economy from the euro crisis. Traders said the British pound drew support from the belief that the Swi
Published 16 Jun, 2012 12:00am
Euro stays up in Asia

Euro stays up in Asia

The euro held firm against the US dollar on Friday, reflecting hopes of central bank action to counter potential fallout from Sunday's crucial election in Greece, and after disappointing US economic data.
Published 16 Jun, 2012 12:00am
Euro steadies in London

Euro steadies in London

The euro hovered below three-week highs against the dollar on Friday, holding steady on expectations that global central banks will step in to counter any adverse fallout from Sunday's election in Greece.
Published 16 Jun, 2012 12:00am
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