AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)
Print - 2012-07-11
Poor law and order: investment declines 60 percent in Karachi: APAT

Poor law and order: investment declines 60 percent in Karachi: APAT

All Pakistan Anjuman-e-Tajiran (APAT) on Tuesday said that around 60 percent decline has taken place in the number of traders from different cities of the country, intending to invest in businesses in Karachi because of poor law and order.
Published 11 Jul, 2012 12:00am
Fayyaz Leghari appointed IGP Sindh

Fayyaz Leghari appointed IGP Sindh

The government has posted Fayyaz Ahmed Leghari, Director General, FIA, and an officer of BPS-21, as the Inspector General of Police, Sindh to replace Mushtaq Ahmed Shah, who has retired from service. Leghari, having domicile of Dera Ghazi Khan, Punjab, wa
Published 11 Jul, 2012 12:00am
Power shortfall reduces

Power shortfall reduces

Power shortfall has reduced to 3458MW but still power breakdowns are a routine matter in major cities of Punjab, including Lahore. The domestic consumers are facing load shedding not only day time but also in the wee hours. Demand for power stood at 16740
Published 11 Jul, 2012 12:00am
EPCL hosts forest photography exhibition

EPCL hosts forest photography exhibition

Engro Polymer & Chemicals Limited (EPCL), a subsidiary of Engro Corporation, inaugurated a forest photography exhibition titled "Forest of Life", at Al-Hamra Art Gallery here on Tuesday. The exhibition will continue till 18th July for public viewing.
Published 11 Jul, 2012 12:00am
Journalist Bashir Qureshi passes away

Journalist Bashir Qureshi passes away

An eminent journalist Bashir Ahmed Qureshi passed away on Tuesday. He was 95. He is survived by his son Sarmad Bashir, former president of the Lahore Press Club, and a daughter Nadia Saad. He started his career from Pakistan Times in the 1970s and also se
Published 11 Jul, 2012 12:00am
Boeing's bids to be opened on July 16

Boeing's bids to be opened on July 16

The first stage bids invited by Pakistan International Airlines for dry lease of four Boeing 737-800 aircraft will be opened at the airline's head office here on July 16. The lease period would be three years. These aircraft will be inducted in PIA's depl
Published 11 Jul, 2012 12:00am
FROM A RINGSIDE SEAT: Opposition accuses PPP of stoking tensions

FROM A RINGSIDE SEAT: Opposition accuses PPP of stoking tensions

The Contempt of Court Bill of 2012 was passed in haste from the National Assembly on Monday night amid protest by the Opposition, which may intensify tension and confrontation between the PPP-led government and the superior judiciary.
Published 11 Jul, 2012 12:00am
Senate body serves show-cause notices on Mukhtar and others

Senate body serves show-cause notices on Mukhtar and others

Senate Standing Committee on Water and Power on Tuesday served show cause notices on Minister for Water and Power, Ahmad Mukhtar, Secretary Water and Power, Zafar Mahmood and Secretary Petroleum, Dr Waqar Masood for not attending critical committee meetin
Published 11 Jul, 2012 12:00am
Economic revival: Punjab traders to devise new rules of business

Economic revival: Punjab traders to devise new rules of business

The business community in Punjab and the provincial government on Tuesday pledged to work in unison for much cherished economic revival and formed a joint working group to formulate new rules of business for trade and industry in the province.
Published 11 Jul, 2012 12:00am
Traders welcome IGP's appointment

Traders welcome IGP's appointment

The trade and industry has welcomed the appointment of senior Police Officer Faiyaz Ahmed Leghari as Inspector General of Police Sindh.
Published 11 Jul, 2012 12:00am
Hollande, Cameron downplay euro row

Hollande, Cameron downplay euro row

French President Francois Hollande and British Prime Minister David Cameron tried to press the reset button on relations Tuesday despite disagreements on how to tackle the eurozone crisis.
Published 11 Jul, 2012 12:00am
Airbus fights back under dark skies

Airbus fights back under dark skies

Airbus has won a potential $4.2 billion order for its A350 passenger jet, its first major deal at a subdued Farnborough Airshow, where a faltering global economy is casting clouds as dark as the skies over southern Britain.
Published 11 Jul, 2012 12:00am
US small business optimism falls sharply

US small business optimism falls sharply

Small US businesses' confidence in the economy's future declined in June by the most in two years, increasing the threat that an economic slowdown could stretch into the second half of the year. The National Federation of Independent Business said on Tues
Published 11 Jul, 2012 12:00am
Barclays' Diamond accused of misleading inquiry

Barclays' Diamond accused of misleading inquiry

British lawmakers on Tuesday accused Barclays former chief executive Bob Diamond of misleading a parliamentary inquiry into an interest rate-fixing scandal that has forced him to resign and give up bonuses worth up to 20 million pounds ($30 million).
Published 11 Jul, 2012 12:00am
UK economy showing few signs of recovery: BoE's King

UK economy showing few signs of recovery: BoE's King

Britain's economy shows few signs of recovery, Bank of England Governor Mervyn King said, as a boost to manufacturing and retail data from the Queen's Diamond Jubilee celebrations failed to dispel fears of another quarter of economic contraction.
Published 11 Jul, 2012 12:00am
Germans lead world in honey consumption

Germans lead world in honey consumption

Germans are the "world's leading honey eaters," at 88,000 tonnes per year, the German ministry of consumption announced on Tuesday. Europe's biggest economy consumes the equivalent of 1.1 kilogrammes (2.42 pounds) of honey per person each year, a ministry
Published 11 Jul, 2012 12:00am
Coal miners march into Madrid to protest cuts

Coal miners march into Madrid to protest cuts

Spanish coal miners marched into Madrid on Tuesday on the eve of a major demonstration against cuts to pit subsidies that they say will destroy thousands of jobs. Violent clashes have broken out in more than a month of protests over Madrid's decision to s
Published 11 Jul, 2012 12:00am
China's trade surplus jumps as import growth falters

China's trade surplus jumps as import growth falters

China's June trade data on Tuesday stoked anxiety about the strength of domestic demand in the world's second biggest economy as imports rose at only half the pace expected, signalling a need for Beijing to do more to bolster growth.
Published 11 Jul, 2012 12:00am
Egypt's main index rises

Egypt's main index rises

Egypt's main index recoups part of Monday's sharp decline, rising 0.7 percent as investors wait to see if the military leadership will challenge a move by the country's new president to recall the parliament it dissolved.
Published 11 Jul, 2012 12:00am
Nikkei keeps sliding

Nikkei keeps sliding

Japan's Nikkei share average fell on Tuesday for the fourth straight session, reversing the morning's gains after weaker-than-expected Chinese imports stirred concerns about slowing demand in the world's second largest economy.
Published 11 Jul, 2012 12:00am
Tuesday's midday trade: stocks mostly fall

Tuesday's midday trade: stocks mostly fall

US stocks mostly fell on Tuesday as several profit warnings from t he US technology sector raised concerns about a slowdown in the economy. US-listed shares of Research In Motion Ltd fell 5.2 percent to $7.28.
Published 11 Jul, 2012 12:00am
Wall Street slips on economic worries

Wall Street slips on economic worries

US stocks slipped in light trading on Monday, weighed down by weak economic data from Asia and signs of economic trouble in Europe, underscored by higher Spanish and Italian bond yields. Monday's decline, the third in a row for the S&P 500 index, comes as
Published 11 Jul, 2012 12:00am
Most Southeast Asian bourses climb

Most Southeast Asian bourses climb

Most Southeast Asian stock markets climbed in light volume on Tuesday, with Singapore and Thai stocks advancing more than 1 percent as concerns about eurozone debt problems eased following a bailout for beleaguered Spanish banks.
Published 11 Jul, 2012 12:00am
Treasuries move up

Treasuries move up

US Treasury debt prices rose on Monday and benchmark yields fell, hovering just above historic lows, on bets that the Federal Reserve will embark on large-scale bond purchases to stimulate a sluggish US economy. Several senior Fed officials on Monday made
Published 11 Jul, 2012 12:00am
Treasuries move up

Treasuries move up

US Treasury debt prices rose on Monday and benchmark yields fell, hovering just above historic lows, on bets that the Federal Reserve will embark on large-scale bond purchases to stimulate a sluggish US economy. Several senior Fed officials on Monday made
Published 11 Jul, 2012 12:00am
Indian shares climb to four-month high

Indian shares climb to four-month high

Indian shares rallied to their highest close since mid-March led by gains in private sector banks such as ICICI Bank on hopes improving asset quality would lead to better-than-expected earnings in the upcoming reporting season. Sentiment was also boosted
Published 11 Jul, 2012 12:00am
Hong Kong and China shares fall further

Hong Kong and China shares fall further

Hong Kong shares fell for a third straight day on Tuesday, as weak import growth in China last month fuelled concern over flagging domestic demand, with investors expecting more disappointing macroeconomic data out of China later this week. Mainland Chine
Published 11 Jul, 2012 12:00am
European equities up

European equities up

European equities bounced up from a technical support level on Tuesday, boosted by the perception that the euro zone is moving closer to putting its rescue fund into action and with thin, summer holiday volumes exaggerating the moves.
Published 11 Jul, 2012 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 0.8 percent on Tuesday to extend losses to four straight sessions, dragged down by chip makers such as TSMC after Advanced Micro Devices slashed its outlook for second-quarter revenue. The main TAIEX index dropped 58.61 points to 7,251.
Published 11 Jul, 2012 12:00am
Australian shares lower

Australian shares lower

Australian shares closed lower on Tuesday after fresh data showed China's import growth slumped in June, heightening concerns about the slowdown in the world's second-largest economy. The benchmark S&P/ASX 200 index lost 0.5 percent, or 20.27 points, to f
Published 11 Jul, 2012 12:00am
Seoul stocks slip

Seoul stocks slip

Seoul shares fell on Tuesday after weak imports by China stoked worries about deteriorating domestic demand in the world's second largest economy, broadening concerns about flagging global growth. The Korea Composite Stock Price Index fell 0.36 percent to
Published 11 Jul, 2012 12:00am
Financial stocks lift FTSE

Financial stocks lift FTSE

A recovery in beaten-down financial stocks pushed Britain's benchmark share index higher on Tuesday, although volumes were thin, indicating a lack of conviction in the rally due to fears over the euro zone debt crisis and the weak global economy. The blue
Published 11 Jul, 2012 12:00am
Two SU students get USAID scholarship

Two SU students get USAID scholarship

The USAID has awarded five-year scholarship for PhD study to two students of the University of Sindh under teachers' education project. In this connection a ceremony would take place in Islamabad on July 12 to wish the abroad proceeding scholars. The scho
Published 11 Jul, 2012 12:00am
Prison staff urged to perform duties with dedication

Prison staff urged to perform duties with dedication

Deputy Inspector-General Headquarters, Prisons, Mian Salik Jalal on Tuesday called upon Head Warders, who recently passed out their training course, to perform their duties with dedication, honesty and commitment.
Published 11 Jul, 2012 12:00am
Nawaz and Imran support US, says Munter

Nawaz and Imran support US, says Munter

The United States Ambassador in Pakistan Cameron Munter Tuesday said that talks did not end at Nato supply restoration, adding that there was a lot to do for economic development, and to eliminate terrorism.
Published 11 Jul, 2012 12:00am
Another spell of monsoon rains likely from Friday

Another spell of monsoon rains likely from Friday

The country is likely to receive another spell of monsoon rains from Friday, says the met office. It said another spell of moderate to heavy rains have been predicted to hit upper parts of the country from Friday evening.
Published 11 Jul, 2012 12:00am
'Every citizen has right to have access to information'

'Every citizen has right to have access to information'

According to Article 19A of the constitution, every citizen has the "right to have access to information in all matters of public importance subject to regulation and reasonable restrictions imposed by law."
Published 11 Jul, 2012 12:00am
'Every citizen has right to have access to information'

'Every citizen has right to have access to information'

According to Article 19A of the constitution, every citizen has the "right to have access to information in all matters of public importance subject to regulation and reasonable restrictions imposed by law."
Published 11 Jul, 2012 12:00am
Post of Assistant BPS-14: Candidate held for using unfair means

Post of Assistant BPS-14: Candidate held for using unfair means

NAB intelligence team has arrested and handed over to the police a candidate named Asif Iqbal who had applied for the post of Assistant BPS-14 in the NAB. National Testing Service (NTS) was conducting tests for different posts, which were advertised by th
Published 11 Jul, 2012 12:00am
IRAOA urges government to appoint new FBR Chairman from IRS

IRAOA urges government to appoint new FBR Chairman from IRS

Federal Board of Revenue (FBR) Inland Revenue Audit Officers Association (IRAOA) has urged the government to appoint new FBR Chairman from Inland Revenue Service as more than 90 percent revenue is being collected from domestic taxes, ie income tax, sales
Published 11 Jul, 2012 12:00am
Sweden keen to invest in energy, transport sectors: envoy

Sweden keen to invest in energy, transport sectors: envoy

Ambassador of Sweden to Pakistan Lars-Hjalmar Wide on Tuesday said his country has shown keen interest to invest in energy and transport sectors of Pakistan. He said that Sweden could prove a good market for Pakistani fruits, vegetables, meat, leather, sp
Published 11 Jul, 2012 12:00am
Workshops

Workshops

National Institute of Folk and Traditional Heritage, Lok Virsa is continuing its training programme to create opportunities for skilled artisans and workers. The training is part of a series of workshops with five batches each of the 14-day workshops.
Published 11 Jul, 2012 12:00am
Contempt of court bill to impede justice: Imran

Contempt of court bill to impede justice: Imran

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Tuesday said that the recently passed contempt of court bill by the National Assembly would impede natural justice as it was against the constitutional spirit and teachings of Islam. Speaking at a press c
Published 11 Jul, 2012 12:00am
PIAF concerned over impending gas shortage in winter

PIAF concerned over impending gas shortage in winter

Pakistan Industrial and Traders Association Front (PIAF) has expressed concern over the warning of SNGPL of serious gas shortage in the forthcoming winter and demanded of the government to take measures on war footing to avoid any serious crisis in near f
Published 11 Jul, 2012 12:00am
USAID awards scholarships to 147 Punjab students

USAID awards scholarships to 147 Punjab students

US Agency for International Development (USAID) Provincial Mission Director Ted Gehr distributed 147 US funded scholarships to exceptional students enrolled in a recently established two-year Associate Degree in Education (ADE) and four-year Bachelor's De
Published 11 Jul, 2012 12:00am
JI criticises new amendments

JI criticises new amendments

Jamaat-e-Islami, Ameer, Syed Munawar Hasan has strongly reacted to the contempt of court Amendment Act 2012 and Dual Citizenship Act saying the bills had been introduced by the ruling party to provide protection to the corrupt rulers.
Published 11 Jul, 2012 12:00am
Hoti terms ANP office-bearers, workers party's valuable assets

Hoti terms ANP office-bearers, workers party's valuable assets

Khyber Pakhtunkhwa Chief Minister Ameer Haider Khan Hoti has said that ANP local office bearers and workers are party asset and today ANP is a political force in the province due to their day night efforts and struggle.
Published 11 Jul, 2012 12:00am
Surgical instruments

Surgical instruments

Poor sterilisation of surgical instruments can cause cross infections like Hepatitis B and HIV and other fatal diseases, it was learnt. Dr Munaaf Hashim, a dental surgeon while talking exclusively to Business Recorder said that usually dental surge
Published 11 Jul, 2012 12:00am
US pressure will not abate

US pressure will not abate

The US pressure on Pakistan to "do more" did not slacken or abate during the seven months Nato supply routes remained suspended and continues to this day with the latest congressional move to table the Haqqani network Terrorist Designation Bill of 2012, a
Published 11 Jul, 2012 12:00am
NCA summoned over journal issue on August 16

NCA summoned over journal issue on August 16

The Lahore High Court Chief Justice on Tuesday directed Principal National College of Arts (NCA) to appear before the court along with its editorial board's members in a petition demanding action against them for publishing paintings/features 'encouraging
Published 11 Jul, 2012 12:00am
Education policy needs to be revisited: PEW

Education policy needs to be revisited: PEW

The Pakistan Economy Watch (PEW) on Tuesday said that education policy needs to be revisited to ensure social mobility which would result in rapid social and economic progress. Educational inequality had become one of the most important social issues whic
Published 11 Jul, 2012 12:00am
CPSP-trained doctors in high demand

CPSP-trained doctors in high demand

Due to efforts of the College of Physicians and Surgeons Pakistan (CPSP), the demand of CPSP's trained doctors has increased manifold in Sauid Arabia, Ireland, Britain and other developing countries and Pakistani doctors are being hired on equal remunerat
Published 11 Jul, 2012 12:00am
Contempt case: LHC accepts apology of Joint Secretary

Contempt case: LHC accepts apology of Joint Secretary

The Lahore High Court here on Tuesday accepting apology of Joint Secretary, Ministry of Religious Affairs, dropped contempt of court proceedings against him. Joint Secretary Sher Ali had used contemptuous language in his reply in contempt petitions agains
Published 11 Jul, 2012 12:00am
CEC's post: HRCP welcomes consensus on candidate

CEC's post: HRCP welcomes consensus on candidate

The Human Rights of Commission of Pakistan (HRCP) on Tuesday welcomed the selection of Justice (retd) Fakhruddin G Ebrahim as the new Chief Election Commissioner (CEC) following parliamentary consensus.
Published 11 Jul, 2012 12:00am
Euro subdued in London

Euro subdued in London

The euro steadied near a two-year trough against the dollar and hit a five-week low versus the yen on Tuesday after a meeting of finance ministers offered no positive surprises while a German court hearing kept the market nervous.
Published 11 Jul, 2012 12:00am
Sterling hits fresh 3-1/2 years high

Sterling hits fresh 3-1/2 years high

Sterling hit a fresh 3-1/2 year high against the euro on Tuesday as market focus switched back to the euro zone debt crisis, spurring the pound to recover from an early dip caused by comments from the Bank of England governor.
Published 11 Jul, 2012 12:00am
Early trade in New York: euro tumbles to two-year low

Early trade in New York: euro tumbles to two-year low

The euro slumped to a new two-year trough against the dollar and five-week low versus the yen on Tuesday after a meeting of euro zone finance ministers failed to assuage concerns about the region's crisis.
Published 11 Jul, 2012 12:00am
Euro rallies in New York

Euro rallies in New York

The euro gained against the dollar on Monday in a mostly technical rebound from a two-year low touched earlier in the session even as the single currency faces more headwinds from global growth concerns and the region's ongoing debt crisis.
Published 11 Jul, 2012 12:00am
Aussie and New Zealand $ down

Aussie and New Zealand $ down

The Australian and New Zealand currencies suffered a modest setback on Tuesday after trade data from China, a major export market for both countries, entrenched worries about slowing Chinese demand.
Published 11 Jul, 2012 12:00am
Peso moves higher

Peso moves higher

The Philippine peso and most emerging Asian currencies crawled higher on Tuesday, but investors showed growing reluctance to add positions in regional units as China's disappointing import data deepened worries about sluggish global growth. The peso gaine
Published 11 Jul, 2012 12:00am
Yuan surges

Yuan surges

The yuan closed up slightly against the dollar on Tuesday as the Chinese central bank set a midpoint that was a bit stronger than expected, indicating Beijing's intention to keep the currency relatively stable despite the global slowdown, traders said.
Published 11 Jul, 2012 12:00am
Indian rupee gains

Indian rupee gains

The Indian rupee rallied on Tuesday, snapping a four-session losing streak, buoyed by strong gains in local stocks and dollar sales by exporters. The strong recovery in the rupee comes after the rupee fell 2.8 percent over the previous four sessions as wo
Published 11 Jul, 2012 12:00am
Tibetan sets himself alight in China protest

Tibetan sets himself alight in China protest

A young Tibetan man set himself on fire near Tibet's capital of Lhasa on Saturday, a rights group said, the latest in a series of protests against Chinese rule. The fate of the 22-year-old man, whose name was given as Tsewang Dorjee, was unknown though th
Published 11 Jul, 2012 12:00am
Suspended Romanian president hands over power

Suspended Romanian president hands over power

Romanian President Traian Basescu handed over power on Tuesday to a political rival in the latest twist in a crisis that has stoked fears about the state of democracy in one of the EU's poorest states.
Published 11 Jul, 2012 12:00am
French school hostage taking ends without incident

French school hostage taking ends without incident

An armed man Tuesday took a parent hostage at a French school in a south-eastern Paris suburb but released his captive after negotiations and was then arrested, police said.
Published 11 Jul, 2012 12:00am
Israel's Olmert acquitted of major corruption charges

Israel's Olmert acquitted of major corruption charges

Israel's Ehud Olmert was acquitted of major corruption charges on Tuesday but convicted of breach of trust, a lesser offence, in what was widely seen as a stunning victory for the former prime minister.
Published 11 Jul, 2012 12:00am
Merkel signs co-operation agreement with Indonesia

Merkel signs co-operation agreement with Indonesia

German Chancellor Angela Merkel signed an agreement Tuesday for wide-ranging co-operation with Indonesia, saying it would take bilateral ties "to a higher comprehensive level". Merkel signed the "Jakarta Declaration" with Indonesian President Susilo Bamba
Published 11 Jul, 2012 12:00am
Palestinian long-term hunger striker freed

Palestinian long-term hunger striker freed

Mahmud Sarsak, a Palestinian footballer who staged a hunger strike of nearly three months while in an Israeli jail, was freed on Tuesday and returned to the Gaza Strip. An AFP journalist saw the 25-year-old enter the Palestinian territory in a Red Cross a
Published 11 Jul, 2012 12:00am
Asean wants UN law to settle South China Sea row

Asean wants UN law to settle South China Sea row

Southeast Asian states want a UN maritime convention to be the basis for settling competing claims in the South China Sea, a draft document showed Tuesday. Southeast Asian foreign ministers are meeting in Cambodia to draw up a long-delayed code of conduct
Published 11 Jul, 2012 12:00am
Palestinians call local elections for October 20

Palestinians call local elections for October 20

The Palestinian government in the West Bank on Tuesday said it would hold local elections in October across the Palestinian territories, sparking anger from Gaza's Hamas rulers.
Published 11 Jul, 2012 12:00am
US rejects idea Iran plays 'positive' role in Syria

US rejects idea Iran plays 'positive' role in Syria

Washington insisted Tuesday that it sees no role for Iran in resolving the conflict in Syria, in an implicit rebuff to UN envoy Kofi Annan's outreach to Tehran. Annan left Tehran on Tuesday after a visit to drum up support for his UN and Arab League peace
Published 11 Jul, 2012 12:00am
Russia sends naval flotilla to Syrian port

Russia sends naval flotilla to Syrian port

Russia has sent a naval flotilla of seven warships led by an anti-submarine destroyer to its naval base at the Syrian port of Tartus, the Interfax news agency reported Tuesday.
Published 11 Jul, 2012 12:00am
Annan seeks Iran, Iraq help in ending Syria crisis

Annan seeks Iran, Iraq help in ending Syria crisis

Kofi Annan warned on Tuesday that Syria's deadly conflict could spread across the region as he held talks in Iran and Iraq aimed at shoring up support for his tattered peace plan.
Published 11 Jul, 2012 12:00am
PTI condoles with Niaz

PTI condoles with Niaz

Pakistan Tehreek-e-Insaf office-bearers Ahsan Rashid, Mahmood-ur-Rasheed and Ibrarul Haq have expressed deep grief and sorrow over the death of the son of PTI worker Rana Saleem Niaz. In a condolence message on Tuesday, the PTI leaders prayed for eternal
Published 11 Jul, 2012 12:00am
Power outages: no let-up in sight

Power outages: no let-up in sight

The Ministry of Water and Power is to inform the Federal Cabinet on Wednesday (today) that people will have to spend their days and nights without electricity in the months to come as the projected shortfall will not be less than 5,000MW.
Published 11 Jul, 2012 12:00am
CNG station operators defrauding consumers: survey

CNG station operators defrauding consumers: survey

CNG station operators routinely defraud customers by using a more liberal air mix and low pressure. However, these stations also use high pressure to pull more gas than allowed by the gas utilities, a survey carried out by Business Recorder showed.
Published 11 Jul, 2012 12:00am
MFB announces closure of commercial paper issue

MFB announces closure of commercial paper issue

Tameer Microfinance Bank Limited (TMFB) has announced the successfully closure of a commercial paper issue of Rs 600 million. United Bank Limited, Faysal Bank Limited and Bank Al Falah Limited acted as Financial Advisors and Lead Arrangers and Silk Bank a
Published 11 Jul, 2012 12:00am
Three-day women's craft expo begins

Three-day women's craft expo begins

Women entrepreneurs from across the country displayed their artwork at a three-day craft exhibition started here on Tuesday. More than 50 stalls, including embroidery and stitching, jewellery, cosmetic, decoration, leather bags, a variety of women's outfi
Published 11 Jul, 2012 12:00am
NUML signs MoU with HRD Korea

NUML signs MoU with HRD Korea

Memorandum of Understanding (MoU) was signed by the National University of Modern Languages (NUML) and Human Resource Development Services of Korea (HRD Korea) for the establishment of Pakistan King Sejong Institute here at NUML in collaboration with thre
Published 11 Jul, 2012 12:00am
Parliament empowered to make amendments to law: Khuhro

Parliament empowered to make amendments to law: Khuhro

The Acting Governor Sindh Nisar Ahmed Khuhro has said that Parliament has given birth to this constitution and it was empowered to do amendments in the law. This he said while talking to media men at the residence of Aijaz Molaay, in Model Town Qasimabad
Published 11 Jul, 2012 12:00am
Altaf praises Rehman for resigning from Senate3

Altaf praises Rehman for resigning from Senate3

MQM Chief Altaf Hussain on Tuesday praised Senior Advisor to the Prime Minister on Interior Affairs, Rehman Malik for resigning from the Senate on the issue of the dual nationality. He said that Rehman Malik has raised the heads of over 1.5 million overse
Published 11 Jul, 2012 12:00am