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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-07-27
Most Southeast Asian stocks down

Most Southeast Asian stocks down

Major Southeast Asian stock markets mostly closed lower on Thursday, led down by commodity-related stocks as a gloomy outlook for demand growth and the euro zone's spreading debt crisis hit oil prices. Thailand's benchmark SET index fell 1.3 percent to 1,
Published 27 Jul, 2012 12:00am
Taiwan stocks lower

Taiwan stocks lower

Taiwan stocks ended 0.12 percent lower on Thursday, erasing gains in early trading, with AU Optronics Corp shedding 4.74 percent after posting a worse-than-expected loss last quarter and warning of the worst-ever times for the flat-panel industry. The mai
Published 27 Jul, 2012 12:00am
Seoul shares rebound

Seoul shares rebound

South Korean shares, which fell to a seven-month low the previous day, rebounded on Thursday mainly on the back of a rally by large-cap technology shares. The Korea Composite Stock Price Index (KOSPI) rose 0.74 percent to close at 1,782.47 points. Investo
Published 27 Jul, 2012 12:00am
UK's top shares index surges

UK's top shares index surges

Britain's top share index rose on Thursday after European Central Bank president Mario Draghi pledged to act if needed to preserve the euro, boosting sentiment among investors hoping for a fresh round of stimulus. Speaking at an investment conference in L
Published 27 Jul, 2012 12:00am
Yuan strengthens

Yuan strengthens

China's yuan strengthened moderately on Thursday, tracking overnight gains in the euro and other non-dollar currencies, as traders say they expect the yuan's recent strong link to the euro to persist. Spot yuan closed at 6.3844 per dollar, 44 pips firmer
Published 27 Jul, 2012 12:00am
Euro dips in Asia

Euro dips in Asia

The euro gave back some gains on Thursday from a short-covering rally the previous day, as persistent worries about Spain's debt woes cloud the outlook for the single currency. The euro eased 0.1 percent to $1.2146, but stayed above a two-year low of $1.2
Published 27 Jul, 2012 12:00am
Euro jumps against dollar in London trade

Euro jumps against dollar in London trade

The euro jumped against the dollar on Thursday, reversing earlier losses, after European Central Bank chief Mario Draghi said the bank would do whatever it takes to preserve the single currency. The euro rose 1 percent to a one-week high of $1.2288, takin
Published 27 Jul, 2012 12:00am
Early trade in New York: euro surges on Draghi pledge

Early trade in New York: euro surges on Draghi pledge

The euro soared to a two-week high against the dollar on Thursday, bolstered by a pledge from European Central Bank chief Mario Draghi that the bank would do whatever it takes to preserve the single currency. The euro was also lifted by stronger risk appe
Published 27 Jul, 2012 12:00am
Euro rises in New York

Euro rises in New York

The euro rose against the dollar for the first time in six days on Wednesday after a European Central Bank official said he could see grounds for giving the euro zone bailout fund a banking license that would increase its crisis fighting firepower. The co
Published 27 Jul, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 81.70-81.7125 (previous 81.70-81.7010). Call Money Rates: 08.25-09.25 percent (previous 08.50-10.00 percent).
Published 27 Jul, 2012 12:00am
Won outperforms Asian peers

Won outperforms Asian peers

Most emerging Asian currencies rose on Thursday as investors covered short positions on hopes for fresh European action to ease the continent's debt crisis and more US stimulus, but sustained euro zone concerns kept gains in check. The South Korean won ou
Published 27 Jul, 2012 12:00am
Sterling jumps versus dollar

Sterling jumps versus dollar

The pound jumped against the dollar on Thursday but lagged the euro, pegged back by expectations of further monetary easing by the Bank of England and risks that the UK could lose its top-notch credit rating amid a rapidly deteriorating economic outlook.
Published 27 Jul, 2012 12:00am
Australian and New Zealand dollars up

Australian and New Zealand dollars up

The Australian and New Zealand dollars edged up on Thursday on hopes for more US stimulus to support growth and fresh policy measures to keep the euro zone's debt crisis from deepening further, though sentiment remained fragile.
Published 27 Jul, 2012 12:00am
Indian rupee rallies

Indian rupee rallies

The Indian rupee rose on Thursday, posting its biggest gain in two weeks after a sharp recovery in the euro and hopes of more monetary easing by the Federal Reserve spurred dollar selling from companies with long positions. "The time for expectation is ov
Published 27 Jul, 2012 12:00am
US Senate approves tax cut for middle class, not wealthy

US Senate approves tax cut for middle class, not wealthy

The US Senate approved a Democratic plan Wednesday to extend expiring tax breaks for all but the wealthiest Americans, though the measure is unlikely to resolve the country's looming fiscal impasse. Republicans want the Bush-era tax cuts extended for all,
Published 27 Jul, 2012 12:00am
US money funds cut euro zone holdings to lowest since 2006: Fitch

US money funds cut euro zone holdings to lowest since 2006: Fitch

The biggest US prime money market funds reduced their euro zone exposure to the lowest level since 2006 as fears about Spain requiring a full-blown bailout intensified, Fitch Ratings said in a report on Wednesday. The top 10 prime money funds, tracked by
Published 27 Jul, 2012 12:00am
US money funds cut euro zone holdings to lowest since 2006: Fitch

US money funds cut euro zone holdings to lowest since 2006: Fitch

The biggest US prime money market funds reduced their euro zone exposure to the lowest level since 2006 as fears about Spain requiring a full-blown bailout intensified, Fitch Ratings said in a report on Wednesday. The top 10 prime money funds, tracked by
Published 27 Jul, 2012 12:00am
US House panel approves bill to upgrade Russia trade relations

US House panel approves bill to upgrade Russia trade relations

A key congressional committee on Thursday voted overwhelmingly to lift a Cold War-era restriction on trade with Russia, raising US business community hopes that the full Congress will approve the measure before lawmakers leave town next week. The House of
Published 27 Jul, 2012 12:00am
Britain's BG Group says profits slide on US write-down

Britain's BG Group says profits slide on US write-down

British energy producer BG Group on Thursday said its net profits plunged 77 percent in the second quarter compared with a year earlier on a write-down to its US shale gas business. Earnings after tax stood at $283 million (230 million euros) in the three
Published 27 Jul, 2012 12:00am
Britain's BG Group says profits slide on US write-down

Britain's BG Group says profits slide on US write-down

British energy producer BG Group on Thursday said its net profits plunged 77 percent in the second quarter compared with a year earlier on a write-down to its US shale gas business. Earnings after tax stood at $283 million (230 million euros) in the three
Published 27 Jul, 2012 12:00am
Nomura chief executive quits as insider trading scandal widens

Nomura chief executive quits as insider trading scandal widens

Nomura Holdings Inc CEO Kenichi Watanabe resigned on Thursday over a widening insider trading scandal and will be replaced by company veteran Koji Nagai, as Japan's top investment bank warned additional cases could come to light.
Published 27 Jul, 2012 12:00am
Ukraine central bank seeks forex regulation powers

Ukraine central bank seeks forex regulation powers

Ukraine's central bank has asked parliament to give it the right to introduce mandatory foreign currency sales, a measure not used since 2005, the bank said on Thursday. Mandatory forex sales - rules that require exporters and other foreign currency earne
Published 27 Jul, 2012 12:00am
Moody's drops outlook for German banks

Moody's drops outlook for German banks

The rating agency Moody's announced late Wednesday that it was putting a negative outlook on the credit ratings of 17 German banks, mostly state-level public institutions. The change in outlook from stable to negative indicates that the agency is consider
Published 27 Jul, 2012 12:00am
Moody's drops outlook for German banks

Moody's drops outlook for German banks

The rating agency Moody's announced late Wednesday that it was putting a negative outlook on the credit ratings of 17 German banks, mostly state-level public institutions. The change in outlook from stable to negative indicates that the agency is consider
Published 27 Jul, 2012 12:00am
Exxon Mobil profit misses Street view

Exxon Mobil profit misses Street view

Exxon Mobil Corp, the world's largest publicly traded oil company, posted lower-than-expected quarterly earnings on Thursday as its oil and gas output sagged and its chemicals business struggled. Weaker global oil prices have weighed on earnings across th
Published 27 Jul, 2012 12:00am
Exxon Mobil profit misses Street view

Exxon Mobil profit misses Street view

Exxon Mobil Corp, the world's largest publicly traded oil company, posted lower-than-expected quarterly earnings on Thursday as its oil and gas output sagged and its chemicals business struggled. Weaker global oil prices have weighed on earnings across th
Published 27 Jul, 2012 12:00am
Santander profit halves on property writedowns

Santander profit halves on property writedowns

The euro zone's biggest bank, Santander, said on Thursday first-half profit halved after it took writedowns on deteriorating Spanish real estate assets while deposits in Spain jumped during the quarter. Santander said it had now completed 70 percent of re
Published 27 Jul, 2012 12:00am
Santander profit halves on property writedowns

Santander profit halves on property writedowns

The euro zone's biggest bank, Santander, said on Thursday first-half profit halved after it took writedowns on deteriorating Spanish real estate assets while deposits in Spain jumped during the quarter. Santander said it had now completed 70 percent of re
Published 27 Jul, 2012 12:00am
China's solar firms warn of trade war with EU

China's solar firms warn of trade war with EU

China's solar firms warned of a trade war on Thursday, calling on the Chinese government to strike back against an anti-dumping complaint filed by rivals in Europe, but the Europeans said they would not be put off by retaliation threats. Companies led by
Published 27 Jul, 2012 12:00am
US jobless claims fall, still volatile due to auto jobs

US jobless claims fall, still volatile due to auto jobs

The number of Americans filing new claims for jobless benefits fell last week to near a four-year low but an unusual pattern for summer factory shutdowns kept hopes in check that the weak labour market was improving. Other data on Thursday showed new orde
Published 27 Jul, 2012 12:00am
Dutch sprinter relishes No 1 role

Dutch sprinter relishes No 1 role

Freestyle speedster Ranomi Kromowidjojo isn't shying away from her chance to become the Netherlands' newest Olympic swimming star. The 21-year-old from Winsum is the fastest woman in the world this year in the 50m and 100m free and will kick off her multi
Published 27 Jul, 2012 12:00am
Londoners get warm glow from torch relay

Londoners get warm glow from torch relay

Office workers paused on their way to their desks to watch the Olympic flame weave its way through central London on Thursday before it moved on to some of the city's most famous landmarks. Confounding initial cynicism, more than 10 million people have tu
Published 27 Jul, 2012 12:00am
New Zealand make firm start against West Indies

New Zealand make firm start against West Indies

New Zealand were 232/4 at the close on the opening day of the first of two Tests against the West Indies here on Wednesday as Martin Guptill spurned the chance of a century. Things had been going slowly the tourists' way when Guptill, on 97 and looking fo
Published 27 Jul, 2012 12:00am
Boucher could recover most of eyesight: doctor

Boucher could recover most of eyesight: doctor

Former South Africa wicketkeeper Mark Boucher could regain most of the sight in his left eye after a freak accident tore his retina, his doctor said Thursday. "While it is impossible to predict the long-term outcome of Mark's eye injury, his medical team
Published 27 Jul, 2012 12:00am
Greek athlete tests positive

Greek athlete tests positive

Greece's world indoor high jump champion Dimitris Chondrokoukis withdrew from the London Olympics on Thursday after testing positive for the drug Canadian sprinter Ben Johnson used before the 1988 Seoul Games. Johnson was sent home in disgrace after metab
Published 27 Jul, 2012 12:00am
Bolt to be Jamaica flag bearer

Bolt to be Jamaica flag bearer

Defending double sprint champion Usain Bolt will be Jamaica's flag bearer at the opening ceremony of the London Olympics, an official said Thursday. "I am delighted to announce Mr Usain Bolt as our flag bearer," said Mike Fennell, president of the Jamaica
Published 27 Jul, 2012 12:00am
Two Koreas set for table tennis clash

Two Koreas set for table tennis clash

Fierce rivals North and South Korea will clash in Olympic table tennis in an edgy match-up given extra spice by an embarrassing flag blunder on the first day of Olympic action. The east Asian neighbours, still officially at war and with frosty diplomatic
Published 27 Jul, 2012 12:00am
Federer faces ghost of Wimbledon past

Federer faces ghost of Wimbledon past

World number one Roger Federer will begin his Olympic campaign against Alejandro Falla, the unheralded Colombian who almost humiliated the great Swiss at Wimbledon in 2010. Federer, who won a seventh Wimbledon title earlier this month, had to come back fr
Published 27 Jul, 2012 12:00am
Kompany signs new deal with Man City

Kompany signs new deal with Man City

Manchester City captain Vincent Kompany has been handed a new six-year contract, in one of the longest deals the club has made in its recent history. The 26-year-old Belgian defender, who steered the Sky Blues to their first top flight title in 44 years l
Published 27 Jul, 2012 12:00am
MLS all-stars surprise Chelsea 3-2

MLS all-stars surprise Chelsea 3-2

European Champions League winners Chelsea suffered a shock 3-2 defeat to a Major League Soccer all-star team in an exhibition game Wednesday, thanks to a late goal from Eddie Johnson. Johnson was the hero with the winning strike in the 91st minute with Ch
Published 27 Jul, 2012 12:00am
Former England boss Capello signs Russia deal

Former England boss Capello signs Russia deal

Ex-England boss Fabio Capello vowed Thursday to inject youth and vigour into Russia's laboured performances as he signed on to head the squad with a mission of making the 2014 World Cup in Brazil. The 66-year-old Italian signed the two-year deal in Moscow
Published 27 Jul, 2012 12:00am
No hijab for Saudi athlete

No hijab for Saudi athlete

Saudi judoka Wojdan Shaherkani faces an Olympic Games controversy after being told she cannot wear the hijab head scarf when she is fighting. The 18-year-old heavyweight, part of a two-woman team sent from the conservative kingdom to an Olympics for the f
Published 27 Jul, 2012 12:00am
Japan stun Spain

Japan stun Spain

Japan scored one of the greatest upsets in Olympic football history Thursday after stunning reigning world and European champions Spain 1-0 at Hampden Park. A first-half goal from Yuki Otsu secured a famous victory for Japan that revived memories of their
Published 27 Jul, 2012 12:00am
Football centre-stage on eve of Games opening

Football centre-stage on eve of Games opening

Men's football was due to take centre-stage at the Olympics on Thursday as officials blamed human error for the blunder which prompted a North Korean protest on the opening day of competition. The greatest sporting show on earth will officially get under
Published 27 Jul, 2012 12:00am
Refugees flee ethnic violence in India's Assam

Refugees flee ethnic violence in India's Assam

Trucks loaded with women, children, mattresses and bags of rice rolled into a refugee camp in India's north-eastern Assam state on Thursday as security forces tried to stamp out some of the worst communal violence in a decade with shoot-on-sight orders. T
Published 27 Jul, 2012 12:00am
'Bhopal Games' denounce London sponsor Dow

'Bhopal Games' denounce London sponsor Dow

Disabled children living near the site of the 1984 Bhopal gas disaster - many in wheelchairs, others crawling - staged a protest Olympics Thursday targeting London 2012 sponsor Dow Chemical. About 100 children took part in the "Bhopal Special Olympics" at
Published 27 Jul, 2012 12:00am
Bulgarian government survives no-confidence vote

Bulgarian government survives no-confidence vote

Bulgarian Prime Minister Boyko Borisov's government on Thursday survived a new no-confidence vote in parliament since it took office in July 2009. The vote was initiated by the opposition Socialist Party and deputies of the Movement for Rights and Freedom
Published 27 Jul, 2012 12:00am
Romney backtracks on criticism of Olympics

Romney backtracks on criticism of Olympics

US presidential hopeful Mitt Romney tried on Thursday to calm a row over unflattering comments he made about the London Olympics, as he met a series of British political leaders. The Republican former governor of Massachusetts jetted in with wife Ann on W
Published 27 Jul, 2012 12:00am
Ban honours Srebrenica massacre dead

Ban honours Srebrenica massacre dead

UN Chief Ban Ki-moon on Thursday laid flowers at the Potocari cemetery, near Srebrenica, where more than 6,500 victims of Europe's worst atrocity since World War II are buried. He is due to meet the survivors of the massacre later Thursday. Ban is the fir
Published 27 Jul, 2012 12:00am
US plans $4.2 billion Patriot missile sale to Kuwait

US plans $4.2 billion Patriot missile sale to Kuwait

The Pentagon said Wednesday it planned to sell 60 Patriot missiles to Kuwait in a deal worth an estimated $4.2 billion, as the emirate tries to bolster its defences against the threat from Iran. The Defence Security Co-operation Agency (DSCA), which is in
Published 27 Jul, 2012 12:00am
US man guilty in Iran missile parts plot

US man guilty in Iran missile parts plot

An Iranian-born US man pleaded guilty Thursday to attempting to smuggle missile components from the United States to Iran, prosecutors said. "Our national security is threatened when anyone attempts to illegally export restricted military components that
Published 27 Jul, 2012 12:00am
Argentina, China ink space cooperation deal

Argentina, China ink space cooperation deal

China plans to build an antenna for deep space observation in Argentina's southern Patagonia region, Argentina's foreign ministry announced Wednesday. The agreement - between Argentina's space agency and China's agency for the control and tracking of sate
Published 27 Jul, 2012 12:00am
Japan's women lose longest-lived title

Japan's women lose longest-lived title

Japan's women lost their place as the world's longest-lived in 2011 for the first time in more than 25 years, officials said Thursday, after the quake-tsunami cut female life expectancy by five months. The Japanese are renowned for their longevity, attrib
Published 27 Jul, 2012 12:00am
South Korea prosecutors charge president's brother

South Korea prosecutors charge president's brother

South Korean prosecutors said Thursday they have brought graft charges against the brother of President Lee Myung-Bak, following a series of corruption scandals involving the leader's aides. Prosecutors said Lee Sang-Deuk, 76, would stand trial on charges
Published 27 Jul, 2012 12:00am
Taiwan vegetable vendor among winners of top Asia prize

Taiwan vegetable vendor among winners of top Asia prize

A Taiwanese vegetable vendor who gave away huge sums to charity and environmental activists from Indonesia and Bangladesh have won Asia's Magsaysay award this year, organisers said Thursday. Chen Shu-chu, Ambrosius Ruwindrijarto, Syeda Rizwana Hasan and t
Published 27 Jul, 2012 12:00am
Argentine icon Evita graces 100-peso bank notes

Argentine icon Evita graces 100-peso bank notes

Argentine President Cristina Fernandez unveiled a commemorative bank note on Wednesday bearing the image of Evita Peron to mark the 60th anniversary of the iconic first lady's death. The bill is based on the design of a five-peso note that the mint had pl
Published 27 Jul, 2012 12:00am
Clashes rage in Aleppo, 114 killed across Syria: NGO

Clashes rage in Aleppo, 114 killed across Syria: NGO

Fighting raged in Syria's second city Aleppo on Thursday afternoon, a watchdog said, as regime forces shelled a village in Damascus province, killing five children. A security source told AFP troops were preparing to launch an all-out offensive on rebel-h
Published 27 Jul, 2012 12:00am
Syria's humanitarian crisis worsening, more funds needed: EU

Syria's humanitarian crisis worsening, more funds needed: EU

The humanitarian situation in Syria has taken a dramatic turn for the worse in recent days, placing fresh strain on operations that are already severely under-funded, EU officials said Thursday. With an escalation in fighting that has prompted increasing
Published 27 Jul, 2012 12:00am
Poor rains, prices boost India's basmati sowing

Poor rains, prices boost India's basmati sowing

Scanty monsoon rains and expectations of better returns have boosted the cultivation of premium basmati rice in India, the world's second biggest rice producer and top basmati seller, improving the prospects of more exports, government officials said.
Published 27 Jul, 2012 12:00am
Shanghai copper up

Shanghai copper up

The most-traded November copper contract on the Shanghai Futures Exchange traded up 1.04 percent at 54,190 yuan ($8,500) a tonne on Thursday. "Copper looked reasonably well set for a move higher, with the market positioned quite short, an increasing convi
Published 27 Jul, 2012 12:00am
Copper recovers

Copper recovers

Copper rose on Thursday, recovering from a one-month low hit the previous session as the dollar fell after Europe's central bank chief vowed to protect the euro, but weak corporate earnings and the longer-term impact of the debt crisis subdued gains. Data
Published 27 Jul, 2012 12:00am
Oil remains up

Oil remains up

Oil futures rose for a third straight day on Thursday after a pledge by the European Central Bank to protect the euro zone eased some worries about the region's debt crisis. A drop in US jobless-benefit claims for last week also supported crude's advance
Published 27 Jul, 2012 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Tokyo rubber futures closed slightly firmer on Thursday, supported by light bargain-hunting after demand concerns pulled prices down to a 2-1/2 year low earlier this week. Investors stayed mostly on the sidelines, however, with oil and stock markets provi
Published 27 Jul, 2012 12:00am
Palm oil slips

Palm oil slips

Malaysian crude palm oil fell to its lowest in more than five weeks on Thursday, as investors turned more bearish on forecasts for rain in parts of the US Midwest that could bring some relief to the drought-hit soy crop. A larger supply of soybeans to be
Published 27 Jul, 2012 12:00am
Grains rise

Grains rise

US soyabean, wheat and corn futures rose on Wednesday, clawing back some of the losses from earlier in the week on renewed worries about crops in the US Midwest hit hard by drought. Soyabeans led the way higher, rising 3 percent as the market edged back t
Published 27 Jul, 2012 12:00am
Sugar tumbles

Sugar tumbles

Raw sugar futures slumped more than 5 percent on Thursday as much-needed rain in India boosted hopes for growing conditions in the world's No. 2 producer, encouraging a sell-off and pushing prices below a key level. ICE cocoa surged 4 percent with a boost
Published 27 Jul, 2012 12:00am
Gold jumps in New York

Gold jumps in New York

Gold rose 1.5 percent on Wednesday, outperforming equities for the third day in a row as renewed talk of US and European monetary stimulus boosted the precious metal's appeal to investors seeking an inflation hedge. Spot gold was up 1.5 percent at $1,604.
Published 27 Jul, 2012 12:00am
Gold rises in Asia

Gold rises in Asia

Gold edged up on Thursday, extending gains to a third session, as hopes of more stimulus measures from central banks to revive a flagging global economy boosted bullion's appeal as a hedge against inflation. Spot gold inched up 0.1 percent to $1,605.89 an
Published 27 Jul, 2012 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold prices climbed to three-week highs above $1,620 an ounce on Thursday after European Central Bank president Mario Draghi said the central bank was ready to do whatever it takes to preserve the euro, boosting the single currency versus the dollar.
Published 27 Jul, 2012 12:00am
US MIDDAY: corn and soya slip

US MIDDAY: corn and soya slip

US soyabean futures dropped 1.2 percent on Thursday on hopes that rain in parts of the drought-stricken US Midwest will improve harvest prospects for a crop that has been stressed by dry soils and heat for the past month, traders said. Wheat futures also
Published 27 Jul, 2012 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

COMEX copper for September delivery rose 1.90 cents to settle at $3.3935 per lb, after dealing between $3.3535 and $3.4380 on Thursday. COMEX volumes stood at a hefty 69,000 lots in late New York business, up more than half that of the 30-day norm, accord
Published 27 Jul, 2012 12:00am
US MIDDAY: gold stays up

US MIDDAY: gold stays up

Gold rose for a third session on Thursday, boosted by hopes of more monetary easing after European Central Bank President Mario Draghi pledged to do whatever was necessary to protect the euro zone from collapse. The metal briefly climbed over 1 percent, l
Published 27 Jul, 2012 12:00am
EOBI takes disciplinary action against four officials

EOBI takes disciplinary action against four officials

The Employees' Old-Age Benefits Institution (EOBI) has terminated and suspended two officers and two staff members on irregularities and misconduct. A statement of the organisation here on Thursday said that Ammanullah Mahasar, Assistant Director Regional
Published 27 Jul, 2012 12:00am
S-III water supply project: KWSB's crackdown against encroachment

S-III water supply project: KWSB's crackdown against encroachment

Karachi Water and Sewerage Board (KWSB) is going to initiate a crackdown against encroachment on its land allocated for S-III water supply project. KWSB in this regard has issued letters to all concerned authorities including police and other law enforcem
Published 27 Jul, 2012 12:00am
Admissions to first-year begin in 132 colleges

Admissions to first-year begin in 132 colleges

The admission for first-year classes in the 132 public sector colleges of city under the Centralised Admission Policy (CAP) will begin on Friday (today). Director General Colleges Sindh/Chairman CAP Committee-2012 Dr Nasir Ansar said the CAP brochures, co
Published 27 Jul, 2012 12:00am
FBR-SRB tussle puts input tax adjustment on hold

FBR-SRB tussle puts input tax adjustment on hold

Federal Board of Revenue (FBR) has decided to halt input tax adjustments or refund process to hotels and restaurants following the ongoing rift between the federal tax authority and the Sindh Revenue Board (SRB) over revenue collection on services.
Published 27 Jul, 2012 12:00am
Contradiction

Contradiction

Senior Vice-President PTI Sindh M. B. Khatian has contradicted a news "Sindh PTI seeks rightful role in party affairs" carried by Business Recorder on July 20, 2012. According to him, he's party's Senior Vice-President Sindh and Member Central Exec
Published 27 Jul, 2012 12:00am
Hina to visit Sri Lanka from August 1

Hina to visit Sri Lanka from August 1

Foreign Minister Hina Rabbani Khar will be visiting Sri Lanka from 1st to 3rd August, 2012, at the invitation of Sri Lankan Foreign Minister Professor G L Peiris. During her three day visit, Hina Rabbani Khar will call on the President of the Socialist Re
Published 27 Jul, 2012 12:00am
JCR-VIS reaffirms NBP's ratings at 'AAA/A-1+'

JCR-VIS reaffirms NBP's ratings at 'AAA/A-1+'

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of National Bank of Pakistan (NBP) at 'AAA/A-1+' (Triple A/A-One Plus) with 'Stable' Outlook. The credit ratings assigned to NBP take into account standalone financial stren
Published 27 Jul, 2012 12:00am
JCR-VIS reaffirms NBP's ratings at 'AAA/A-1+'

JCR-VIS reaffirms NBP's ratings at 'AAA/A-1+'

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of National Bank of Pakistan (NBP) at 'AAA/A-1+' (Triple A/A-One Plus) with 'Stable' Outlook. The credit ratings assigned to NBP take into account standalone financial stren
Published 27 Jul, 2012 12:00am
US Consul General calls on Qaim

US Consul General calls on Qaim

Consul General of the United States Michael Dodman called on Sindh Chief Minister Syed Qaim Ali Shah at the CM's House on Thursday. The Chief Minister warmly welcomed the newly posted Consul General and discussed with him geo-political and socio-economic
Published 27 Jul, 2012 12:00am
Police given last warning to recover missing person

Police given last warning to recover missing person

The Sindh High Court Hyderabad Circuit Bench gave last warning to the police and Sindh Home Department officials to produce a missing person on the next date of hearing. The bench consisting Justice Shahid Anwar Bajwa and Justice Sadiq Hussain Bhatti here
Published 27 Jul, 2012 12:00am
LG reports 46 percent increase in net profits for second quarter

LG reports 46 percent increase in net profits for second quarter

LG Electronics (LG) reported a 46 percent increase in net profits for the second quarter of 2012 versus the same period a year ago. Despite the continuing recessionary conditions, LG's operating profit in the most recent quarter increased significantly ye
Published 27 Jul, 2012 12:00am
LG reports 46 percent increase in net profits for second quarter

LG reports 46 percent increase in net profits for second quarter

LG Electronics (LG) reported a 46 percent increase in net profits for the second quarter of 2012 versus the same period a year ago. Despite the continuing recessionary conditions, LG's operating profit in the most recent quarter increased significantly ye
Published 27 Jul, 2012 12:00am
Rado True Thinline wins 'red dot award 2012'

Rado True Thinline wins 'red dot award 2012'

The Rado True Thinline received the red dot design award 2012 and will be exhibited in the red dot design museums in Germany and Singapore. After an evaluation process lasting several days, a 30-member jury chose to honour Rado for their new accomplishmen
Published 27 Jul, 2012 12:00am
Partly Facetious: British HC doesn't reply to queries?

Partly Facetious: British HC doesn't reply to queries?

"Kaira said the cabinet was angered at the unfounded charges levelled against Nadra and passport office, both under the jurisdiction of Rehman Malik of the apple versus orange claim..."
Published 27 Jul, 2012 12:00am
Public complaints: PML-N leaders hold open court

Public complaints: PML-N leaders hold open court

President Pakistan Muslim League-Nawaz (PML-N) Lahore Mohammad Pervaiz Malik accompanied by Special Assistant to Punjab Chief Minister Muhammad Mansha Ullah Butt held an open court in a bid to address public complaints. They heard public complaints and is
Published 27 Jul, 2012 12:00am
Punjab Forum seeks imposition of governor's rule on Balochistan

Punjab Forum seeks imposition of governor's rule on Balochistan

The Punjab Forum on Thursday said the government should take seriously the Supreme Court observation regarding complete constitutional breakdown in Balochistan and demanded imposition of Governor's rule till normalisation of the situation. The civilian go
Published 27 Jul, 2012 12:00am
Surgical industry doing reasonably well: SIMAP

Surgical industry doing reasonably well: SIMAP

Chairman Surgical Instrument Manufacturers Association of Pakistan (SIMAP), Jehangir Bajwa has said that any attempt to hand over the newly built building of training institute to Medical College would be foiled. The conspiracies to hand over the building
Published 27 Jul, 2012 12:00am
Imran flays atrocities on Myanmar Muslims

Imran flays atrocities on Myanmar Muslims

Pakistan Tehreek-e-Insaf Chairman Imran Khan has on Thursday strongly condemned reported atrocities committed against the Rohingya Muslim community in Myanmar. He urged the international community to intervene to stop persecution of Rohingya Muslims in My
Published 27 Jul, 2012 12:00am
Proposals on LNG import submitted to minister: APTMA

Proposals on LNG import submitted to minister: APTMA

The Gohar Ejaz led committee has submitted LNG import recommendations to the Federal Minister for Petroleum Dr Asim Hussain for its formal approval from the Economic Co-ordination Committee (ECC), said spokesman of All Pakistan Textile Mills Association (
Published 27 Jul, 2012 12:00am
AIA training programme: interview process begins

AIA training programme: interview process begins

Punjab Livestock and Dairy Development Board (PLDDB) has initiated the process to interview boys and girls interested in getting training from the Board as Artificial Insemination Assistants (AIAs) and girls as Women Livestock Extension Workers (WLEWs) un
Published 27 Jul, 2012 12:00am
Speakers for renewed focus on public education system

Speakers for renewed focus on public education system

Speakers at a dialogue between the young champions, parliamentarians and media person stressed the need for strengthening the public education system, equipping it with competitive human resource as well as basic facilities for enhancing the standard of e
Published 27 Jul, 2012 12:00am
PADIL chief concerned over suicide committed by five students

PADIL chief concerned over suicide committed by five students

Pakistan Association for Difficulties In Learning (PADIL) Chief Executive Ashba Kamran has expressed concern over committing suicide by five students after announcement of matriculation results and said that slow learning is the main cause behind this tre
Published 27 Jul, 2012 12:00am
Punjab University QEC holds meeting

Punjab University QEC holds meeting

Punjab University Quality Enhancement Cell (QEC) conducted a meeting with Faculty of Education at Deans Committee Room of Faculty of Education. Director Quality Enhancement Cell briefed the participants about the importance of quality of education and the
Published 27 Jul, 2012 12:00am
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