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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-08-03
Euro rises as market anticipates ECB action

Euro rises as market anticipates ECB action

The euro rose against the dollar on Thursday as some investors speculated that the European Central Bank would announce bold new steps to tackle the debt crisis and boost appetite for riskier currencies. The ECB left interest rates unchanged, as expected.
Published 03 Aug, 2012 12:00am
Early trade in New York: Euro falls versus dollar

Early trade in New York: Euro falls versus dollar

The euro fell against the dollar in volatile trade on Thursday after European Central Bank President Mario Draghi disappointed investors hoping for quick action to contain the euro zone debt crisis. "Like the Fed....talk the talk, no walk the walk," said
Published 03 Aug, 2012 12:00am
Dollar jumps as Fed defers stimulus

Dollar jumps as Fed defers stimulus

The US dollar rallied against the euro and yen on Wednesday after the Federal Reserve held off on offering new monetary stimulus, a move that may contrast with action expected from an upcoming European Central Bank meeting. While Fed policymakers reiterat
Published 03 Aug, 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. 81.55-81.60 (previous 81.60-81.61). Call Money Rates: 06.50-10.25 percent (previous 06.50-10.95 percent.
Published 03 Aug, 2012 12:00am
Australian and New Zealand dollars up

Australian and New Zealand dollars up

The Australian and New Zealand dollars got a hand-up from upbeat data at home on Thursday, though markets were super-cautious ahead of a key European Central Bank meeting that could roil asset prices later in the session.
Published 03 Aug, 2012 12:00am
Lack of Fed action pulls down most Asia FX

Lack of Fed action pulls down most Asia FX

Most emerging Asian currencies slid on Thursday as investors cut bullish bets they had placed on the Federal Reserve taking new stimulus steps. After seeing the Fed refrain from new moves, investors hesitated to make further bets ahead of a big European C
Published 03 Aug, 2012 12:00am
Yuan slightly up

Yuan slightly up

The yuan closed up marginally against the dollar on Thursday as the greenback gave back gains its made in early trade after the Federal Reserve refrained from monetary easing to stimulate a flagging US economy. The People's Bank of China (PBOC) set the yu
Published 03 Aug, 2012 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee weakened on Thursday in quiet trading after the Federal Reserve refrained from new US monetary stimulus, denting hopes for gains in global risk assets. In India, investors await fiscal reforms from the government after pro-market P. Chida
Published 03 Aug, 2012 12:00am
Corporate Twenty20 Cup: Sami, Saad star in UBL win

Corporate Twenty20 Cup: Sami, Saad star in UBL win

M Sami and Saad Surkhail excelled in the middle order to guide UBL to a 13 runs win over Advance Telecom in the 2nd Advance Telecom Corporate T20 Cup here on Wednesday at the DHA Sports Club Moin Khan Academy. After winning the toss UBL set a target of 15
Published 03 Aug, 2012 12:00am
Shahnaz Shiekh scents a gold medal for Pakistan

Shahnaz Shiekh scents a gold medal for Pakistan

Olympian Shahnaz Shiekh on Thursday said the way Pakistan hockey team is performing in the London Olympics, it seems the gold medal is near for them to accomplish. Pakistan beat Argentina by 2-0 in their second match at the Games while earlier their match
Published 03 Aug, 2012 12:00am
Medals table

Medals table

Olympics medals table after 73 out of 302 events:

Published 03 Aug, 2012 12:00am
Federer reaches semi-finals

Federer reaches semi-finals

Roger Federer moved into the Olympic semi-finals on Thursday as the Wimbledon champion cut giant American John Isner down to size with a 6-4, 7-6 (7-5) victory on Centre Court. Federer had to be at his most patient in the face of a barrage of big serves f
Published 03 Aug, 2012 12:00am
Djokovic sets up Murray Showdown

Djokovic sets up Murray Showdown

Serbia's Novak Djokovic set up an Olympic semi-final showdown with Andy Murray after beating French fifth seed Jo-Wilfried Tsonga 6-1, 7-5 on Thursday. Djokovic is bidding to win his first Olympic gold medal after taking home a bronze from the 2008 Games
Published 03 Aug, 2012 12:00am
Misbehaving France footballers docked bonuses

Misbehaving France footballers docked bonuses

Four France players slapped with either suspensions or a warning for their behaviour during Euro 2012 will not receive any bonuses, the country's football federation said on Thursday. The French Football Federation (FFF) said that Samir Nasri, Jeremy Mene
Published 03 Aug, 2012 12:00am
Serena into semis after Wozniacki rout

Serena into semis after Wozniacki rout

Serena Williams remains on course for her first Olympic singles gold medal after crushing Danish eighth seed Caroline Wozniacki 6-0, 6-3 in the quarter-finals on Thursday. Serena, a two-time doubles gold medallist with sister Venus, was at her imperious b
Published 03 Aug, 2012 12:00am
England fight back in second Test

England fight back in second Test

England claimed three wickets on the first afternoon of the second Test against South Africa at Headingley on Thursday, fighting back after a wicketless morning and a heavy defeat in the series opener. South Africa, one-nil up in the series and challengin
Published 03 Aug, 2012 12:00am
Roberto Carlos hangs up his boots

Roberto Carlos hangs up his boots

Brazil World Cup winner Roberto Carlos has officially retired from football, the manager of Russian outfit Anzhi Makhachkala, where he was playing, has said. The 39-year-old was one of the big-spending Russian Premier League's most high-profile signings w
Published 03 Aug, 2012 12:00am
Harrison wins first judo gold for America

Harrison wins first judo gold for America

Kayla Harrison won the first ever Olympic gold medal in judo for the United States as she claimed the women's under-78kg title here on Thursday. The 2010 world champion beat shock finalist Gemma Gibbons of Great Britain by a pair of minimum yuko scores.
Published 03 Aug, 2012 12:00am
Khaibulaev delights Putin with judo gold

Khaibulaev delights Putin with judo gold

Russia's Tagir Khaibulaev delighted his president and judo black-belt Vladimir Putin Thursday as he beat Mongolian defending champion Tuvshinbayar Naidan to win the Olympic under-100kg title. Putin, seated among the crowd, raised his arms in celebration a
Published 03 Aug, 2012 12:00am
China's Zhang wins men's table tennis gold

China's Zhang wins men's table tennis gold

China's Zhang Jike won the men's singles table tennis gold medal at the London Olympic Games after defeating compatriot Wang Hao 4-1 in the final here on Thursday. The 24-year-old Zhang, in his first Olympics Games, stormed into a 3-0 lead before Wang, th
Published 03 Aug, 2012 12:00am
Nehwal makes Games history for India

Nehwal makes Games history for India

Saina Nehwal became the first Indian badminton player to reach the semi-finals of an Olympic Games with a performance outstanding enough to suggest she is capable of going on to win a medal. The fourth-seeded Commonwealth champion from Hyderabad did that
Published 03 Aug, 2012 12:00am
China set new world record for team sprint

China set new world record for team sprint

Chinese duo Gong Jinjie and Guo Shuang set a new world record of 32.447sec in qualifying fastest for the women's two-lap team sprint at the Olympic Games on Thursday. Minutes earlier the British duo of Victoria Pendleton and Jess Varnish had clocked a wor
Published 03 Aug, 2012 12:00am
US storm to flagship gold; South Africa grab first rowing gold

US storm to flagship gold; South Africa grab first rowing gold

The United States powered to gold in the flagship women's Olympic eight on Thursday after fighting off fierce rivals Canada to maintain their stunning six-year winning streak and cap a thrilling day of racing on Dorney Lake. The dominance of the US women
Published 03 Aug, 2012 12:00am
Iraq seeking Russian air defence gear

Iraq seeking Russian air defence gear

Iraq's acting defence minister is in Russia negotiating the purchase of air surveillance equipment to help Iraq rebuild its crippled military defences, a lawmaker said on Thursday. American troops pulled out of Iraq in December, leaving the war-battered c
Published 03 Aug, 2012 12:00am
Iraq attacks kill 17

Iraq attacks kill 17

Attacks in Iraq killed 17 people on Thursday, including four members of a family who were murdered with knives, security and medical officials said. Militants attacked the house of a Turkmen family in Kirkuk in northern Iraq, killing a father, mother and
Published 03 Aug, 2012 12:00am
Drought worsens in US farm states

Drought worsens in US farm states

The worst US drought in 56 years intensified over the past week as above-normal temperatures and scant rainfall parched corn and soybean crops across the Midwest and central Plains, a report from climate experts said on Thursday. The drought became more s
Published 03 Aug, 2012 12:00am
US Congress approves new sanctions on Iran

US Congress approves new sanctions on Iran

The US Congress Wednesday approved punishing new sanctions targeting Iran's energy and shipbuilding sectors, a day after President Barack Obama unveiled measures to cripple Tehran's nuclear drive. The House of Representatives voted overwhelmingly 421-6 fo
Published 03 Aug, 2012 12:00am
Obama authorised secret support for Syrian rebels

Obama authorised secret support for Syrian rebels

US President Barack Obama authorised secret support for Syrian rebels, a news report said. The order was signed in the past few months, and allows the CIA and other agencies to provide clandestine support to the uprising, CNN reported late Wednesday, citi
Published 03 Aug, 2012 12:00am
RIM says has not compromised BlackBerry security in India

RIM says has not compromised BlackBerry security in India

Research in Motion refuted on Wednesday a new round of Indian media reports, which claim that the BlackBerry maker has granted the Indian government the encryption keys to its secure corporate email and messaging services. India is one of the Canadian sma
Published 03 Aug, 2012 12:00am
TEGUCIGALPA: The Honduran finance minister has stepped down after his wife was arrested with the equivalent of some $50,000 in her car, a violation of embezzlement laws. Police stopped Dinora Arambury, wife of Hector Guillen, as she headed from the capita

TEGUCIGALPA: The Honduran finance minister has stepped down after his wife was arrested with the equivalent of some $50,000 in her car, a violation of embezzlement laws. Police stopped Dinora Arambury, wife of Hector Guillen, as she headed from the capita

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AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or i
Published 03 Aug, 2012 12:00am
Chinese teen kills nine in knife attack

Chinese teen kills nine in knife attack

A teenager has been arrested after killing nine people and wounding four others in a knife attack in north-east China, state media reported Thursday. The 17-year-old, who was identified only by his surname Li, barged into the home of his girlfriend armed
Published 03 Aug, 2012 12:00am
Typhoon Saola wallops Philippines and Taiwan, killing 32

Typhoon Saola wallops Philippines and Taiwan, killing 32

Torrential rain and strong winds from Typhoon Saola killed 29 people in the northern and central Philippines, rescue officials said Thursday, as the storm made landfall in Taiwan, hammering the island with torrents of floodwater and killing three.
Published 03 Aug, 2012 12:00am
Bangladesh bans foreign charities helping Rohingya

Bangladesh bans foreign charities helping Rohingya

Bangladesh has ordered three international charities to stop providing aid to Rohingya refugees who cross the border to flee persecution and violence in Myanmar, an official said on Thursday. France's Doctors Without Borders (MSF) and Action Against Hunge
Published 03 Aug, 2012 12:00am
Romania court delays impeachment ruling, prolongs agony

Romania court delays impeachment ruling, prolongs agony

Romania's Constitutional Court on Thursday delayed ruling on whether a referendum to impeach the president was valid, an unexpected twist that extends a damaging political crisis. The court had been expected to invalidate Sunday's referendum after officia
Published 03 Aug, 2012 12:00am
Texas airport evacuated after bomb threat

Texas airport evacuated after bomb threat

About 1,000 people were evacuated from the airport in the US city of San Antonio on Wednesday after the Texas facility received a "credible" bomb threat by telephone, a spokesman said. Passengers and staff were escorted out onto the sweltering tarmac whil
Published 03 Aug, 2012 12:00am
Russian unmanned space freighter makes record time to ISS

Russian unmanned space freighter makes record time to ISS

An unmanned Russian spacecraft on Thursday docked with the International Space Station after making the trip from Earth in record time, reports quoted officials as saying. A new approach manoeuvre allowed the Progress M16-M vessel to reach the space stati
Published 03 Aug, 2012 12:00am
Afghan finance minister faces corruption investigation

Afghan finance minister faces corruption investigation

Afghanistan's top anti-corruption chief said on Thursday the finance minister's business affairs will be investigated after accusations aired on Afghan television that he stashed away more than $1 million in overseas banks. Hazarat Omar Zakhilwal, champio
Published 03 Aug, 2012 12:00am
Bristol-Myers executive charged with insider trading

Bristol-Myers executive charged with insider trading

A Bristol-Myers Squibb Co executive has been criminally charged with insider trading, accused of buying options in companies the drugmaker was looking to buy. Prosecutors said Robert Ramnarine, 45, made about $311,361 in illegal profit between August 2010
Published 03 Aug, 2012 12:00am
India confirms drought as El Nino looms

India confirms drought as El Nino looms

India's monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September s
Published 03 Aug, 2012 12:00am
Egypt's Prime Minister unveils new cabinet

Egypt's Prime Minister unveils new cabinet

Egypt's Prime Minister Hisham Qandil unveiled a new cabinet on Thursday that retained military chief Field Marshal Hussein Tantawi as defence minister while giving the ruling Islamists and their allies several portfolios. Islamist President Mohamed Morsi
Published 03 Aug, 2012 12:00am
Cybersecurity bill fails in US Senate

Cybersecurity bill fails in US Senate

A bill aimed at protecting the United States from cyber attacks failed to advance in the US Senate on Thursday, dampening hopes for passage of a measure backed by President Barack Obama. The measure was blocked amid opposition from an unusual coalition of
Published 03 Aug, 2012 12:00am
Afghan police commander accused of killing 11 civilians

Afghan police commander accused of killing 11 civilians

A local Afghan police commander was accused of fatally shooting 11 civilians in southern Afghanistan, one day after militants killed two of his friends, officials said Thursday. "He killed the civilians, accusing them of being responsible for the death of
Published 03 Aug, 2012 12:00am
Civil Judge resigns

Civil Judge resigns

Civil Judge Khanawal Balal Masood has resigned from his office on facing charges of dancing in a party. The Chief Justice Lahore High Court (LHC) had taken serious notice of the act of the civil judge and had called him. The civil judge however sent his r
Published 03 Aug, 2012 12:00am
Extortion complaints: DIG CIA appointed focal person

Extortion complaints: DIG CIA appointed focal person

Inspector General Sindh Police, Fayyaz Leghari appointed DIG CIA as focal person for regular contacts with leaders of chambers, industrial zones and trade associations and ensuring police action on the complaints against kidnapping for ransom and extortio
Published 03 Aug, 2012 12:00am
Minister calls for timely payment of Eid allowance

Minister calls for timely payment of Eid allowance

Punjab's Minister for Zakat and Ushr Malik Nadeem Kamran has directed the provincial Secretary Zakat to ensure timely payment of Eid Allowance to over 450,000 Zakat-deserving persons in the province. He gave these instructions in his office during a meeti
Published 03 Aug, 2012 12:00am
AGPR employees suspend work

AGPR employees suspend work

The government will not be able to provide the country's financial statements to World Bank (WB), International Monetary Fund (IMF) and other donor agencies next month as the employees of Accountant General of Pakistan Revenue (AGPR) have suspended their
Published 03 Aug, 2012 12:00am
Punjab helps centre dispose of outmoded power-generation 'gift'

Punjab helps centre dispose of outmoded power-generation 'gift'

The Ministry of Water and Power is said to be making 'all out efforts' to hand over the outmoded 320-megawatt power plant 'gifted' by the United Arab Emirates (UAE) to the private sector with the assistance of the Punjab government, sources told Busine
Published 03 Aug, 2012 12:00am
'Dictatorial thinking' of Shahbaz led to exit of Khosa: Riaz

'Dictatorial thinking' of Shahbaz led to exit of Khosa: Riaz

Opposition leader in the Punjab Assembly, Raja Riaz said on Thursday that the dictatorial thinking of Chief Minister Punjab has led departure of Sardar Zulfiqar Ali Khosa from the PML-N. He was commenting on sudden resignation of Senior Minister in Punjab
Published 03 Aug, 2012 12:00am
Staff posted in LDA Estate Management Directorate

Staff posted in LDA Estate Management Directorate

Lahore Development Authority (LDA) on Thursday posted staff in the LDA Directorate of Estate Management I and II. According to a notification, Directorate of Estate Management-I will be headed by Muhammad Nauman Khan (Director).
Published 03 Aug, 2012 12:00am
Seven mini buses hijacked

Seven mini buses hijacked

Unidentified armed men hijacked seven mini buses of the Route U-1 near Ali Hotel, Lyari in the limits of Baghdadi Police station. According to details, armed men forcibly hijacked the passenger buses bearing registration numbers JE-0262, JE-2169, JE-2646,
Published 03 Aug, 2012 12:00am
Security beefed up on SHC Hyderabad premises

Security beefed up on SHC Hyderabad premises

The Hyderabad police put in place strict security arrangements on Thursday a day after a lawyer shot her sister dead inside the courtroom of Sindh High Court Hyderabad Circuit Bench. Deputy Inspector General (DIG) Hyderabad Range Sanaullah Abbasi visited
Published 03 Aug, 2012 12:00am
UN polio vaccination suspension hits 22,000 children

UN polio vaccination suspension hits 22,000 children

Around 22,000 Pakistani children are at risk in Karachi after the World Health Organisation suspended polio vaccinations over a spate of bloody shootings, a UN official warned Thursday. WHO, a partner in government efforts to eradicate the disease, suspen
Published 03 Aug, 2012 12:00am
Five killed in various acts of violence

Five killed in various acts of violence

At least five people were killed in different incidents of violence in the city during last 24 hours, police and rescue sources said. A security guard was gunned down on personal enmity in Gulshan-e-Maymar area in the limits of Gulshan-e-Maymar police sta
Published 03 Aug, 2012 12:00am
Blast occurs in Quetta

Blast occurs in Quetta

A blast has been occurred in the provincial capital here on Thursday. A police source said that a gas cylinder burst in a house causing powerful explosion. No loss of life is reported, police said adding that two persons were injured. They were rushed to
Published 03 Aug, 2012 12:00am
Chairman FPSC presents annual report to President

Chairman FPSC presents annual report to President

Chairman Federal Public Service Commission (FPSC), Former Justice Rana Bhagwandas called on President Asif Ali Zardari here at the Aiwan-e-Sadr on Thursday and presented Annual Report of the commission for the year 2011. The report presented today said th
Published 03 Aug, 2012 12:00am
MV Albedo hostage drama: seven Pakistani crew members return home

MV Albedo hostage drama: seven Pakistani crew members return home

Following intense struggle by Pakistani officials, seven crew members of merchant ship MV Albedo reached Karachi on Thursday after their release by Somali pirates. Sindh Governor Dr Ishratul Ebad Khan received them at Karachi airport and later brought the
Published 03 Aug, 2012 12:00am
Punjab Auqaf Board approves Rs 2,409.525 million budget

Punjab Auqaf Board approves Rs 2,409.525 million budget

The annual budget 2012-13 worth Rs 2409.525 million of Punjab Auqaf Board was approved in its meeting held under the chairmanship of Punjab Minister for Auqaf, Haji Ehsan ud Din Qureshi, here on Thursday. An amount of Rs 1291.473 million will be the incom
Published 03 Aug, 2012 12:00am
PRA issues tax calendar

PRA issues tax calendar

Punjab Revenue Authority (PRA) has issued tax calendar for payment of taxes and filing of sales tax returns by different categories of service providers including telecommunication companies. The PRA has issued details of dates of tax payments and return
Published 03 Aug, 2012 12:00am
New York cotton ends shade up

New York cotton ends shade up

Cotton futures settled marginally firmer Thursday on buying by small speculators as players adjusted their positions before the release of key government data, brokers said. The market was awaiting Friday's vital US jobs data and looking forward to the ke
Published 03 Aug, 2012 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded November copper contract on the Shanghai Futures Exchange slipped 0.53 percent to 54,490 yuan ($8,600) a tonne on Thursday. "Hope for a boost in 2H12 consumption, as a result of Chinese infrastructure and other central bank stimulus measur
Published 03 Aug, 2012 12:00am
Copper stays down

Copper stays down

Copper fell on Thursday as the euro dropped versus the dollar after the European Central Bank chief disappointed investors hoping for action to contain the euro zone debt crisis, which is hurting the global economy and eroding demand for metals. Benchmark
Published 03 Aug, 2012 12:00am
Oil prices slip

Oil prices slip

US crude futures fell 2 percent on Thursday, pressured by reports showing a rise in US jobless claims and a drop in US factory activity, along with disappointment that the European Central Bank did not offer more concrete steps to boost economic growth. T
Published 03 Aug, 2012 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Tokyo rubber futures inched up on Thursday after Japanese shares and some commodities firmed on expectations the European Central Bank will take policy action after the U.S. Federal Reserve dashed hopes of any imminent stimulus. The most active contract o
Published 03 Aug, 2012 12:00am
Grains fall

Grains fall

US grains fell on Wednesday as investors cashed in profits after a blistering rally, but losses narrowed at the close by more than half as end users purchased grain and as updated weather outlooks scaled back rain forecasts for the Midwest. Analysts said
Published 03 Aug, 2012 12:00am
Palm oil flat

Palm oil flat

Malaysian crude palm oil ended flat after touching its lowest in the week on Thursday as wet weather forecast in the US Midwest brought relief to drought-hit soy crop, easing some concerns of tighter oilseed supplies. The benchmark October palm oil future
Published 03 Aug, 2012 12:00am
Soft commodity futures slip

Soft commodity futures slip

Most soft commodity futures fell on Thursday, with investors disappointed over remarks by European Central Bank President Mario Draghi that no immediate measures were planned to stem the debilitating euro zone debt crisis. Draghi said the ECB would draw u
Published 03 Aug, 2012 12:00am
Gold falls in New York

Gold falls in New York

Gold fell in choppy trade on Wednesday after the Federal Reserve issued a policy statement that dashed investor hopes for new monetary stimulus, even though it acknowledged that the US economy has lost momentum. Spot gold was down 0.9 percent at $1,599.09
Published 03 Aug, 2012 12:00am
Gold up in Asia

Gold up in Asia

Gold found support at $1,600 an ounce on Thursday, although it was capped by uncertainty over whether the European Central Bank will take bold action to tackle the region's debt crisis after the US central bank dashed hopes of any imminent stimulus.
Published 03 Aug, 2012 12:00am
Gold falls in Europe

Gold falls in Europe

Gold prices fell to one-week lows on Thursday after European Central Bank chief Mario Draghi disappointed investors expecting him to outline bolder action to contain the euro zone debt crisis in a key policy statement. Draghi boosted hopes for action to h
Published 03 Aug, 2012 12:00am
US MIDDAY: grains slip

US MIDDAY: grains slip

Grains fell for a third straight session on Thursday on mild relief from the severe drought in the US Midwest farm belt, but losses were pared even as questions emerged that the biggest two-month rally in corn since 1988 may have peaked. Light showers fel
Published 03 Aug, 2012 12:00am
US MIDDAY: copper sinks

US MIDDAY: copper sinks

Copper fell by its most in six weeks on Thursday, hit by broader market disappointment over a lack of immediate monetary action from European Central Bank President Mario Draghi. Investors unwound their bullish exposure in everything from base metals to c
Published 03 Aug, 2012 12:00am
US MIDDAY: gold down

US MIDDAY: gold down

Gold prices fell for a fourth straight session on Thursday as bullion investors continued to unwind bullish bets due to a lack of more aggressive actions by the European Central Bank and US Federal Reserve to boost growth. ECB President Mario Draghi said
Published 03 Aug, 2012 12:00am
PPF expresses solidarity with Myanmar Muslims

PPF expresses solidarity with Myanmar Muslims

Pakistan Patriot Forum on Thursday lit the candles in Multan Press Club to express solidarity with the Muslims of Myanmar. A large number of civil society member under the leadership of Hamza Shahid Lodhi lit the candles. It was also joined by Niaz Gul Na
Published 03 Aug, 2012 12:00am
21 shopkeepers fined

21 shopkeepers fined

The Deputy Commissioner Hyderabad in its on-going campaign against profiteers and ensure availability of essential commodities of daily use on fixed rates, paid surprise visits in city Hyderabad, Latifabad, Qasimabad and Hyderabad Taluka and fined 21 shop
Published 03 Aug, 2012 12:00am
Eid sales get impetus

Eid sales get impetus

Karachiites begin night shopping for Eidul Fitr, as peace in the city during the holy month of Ramazan remains continues largely unthreatened, while traders also expanded their businesses to capitalise on the placid situation. Traders enjoy the growing bu
Published 03 Aug, 2012 12:00am
Trade, industry condemn increase in POL, CNG prices

Trade, industry condemn increase in POL, CNG prices

Trade and industry has widely condemned the cruel act of massive increase in petroleum products and CNG prices by the government. In a statement Patron In Chief of Korangi Association of Trade and Industry (KATI) S M Muneer, Chairman Ehtesham Uddin, Presi
Published 03 Aug, 2012 12:00am
Cotton exports: TDAP, SBP agree to begin registration of contracts

Cotton exports: TDAP, SBP agree to begin registration of contracts

After protest of traders and exports, Trade Development Authority Pakistan (TDAP) and the State Bank of Pakistan have agreed to start registration of cotton export contracts for the current fiscal year. A week earlier, TDAP stopped registration of cotton
Published 03 Aug, 2012 12:00am
KSEZ to ensure uninterrupted power supply: SBI Chief

KSEZ to ensure uninterrupted power supply: SBI Chief

Sindh Board of Investment (SBI) Chairman Muhammad Zubair Motiwala said the Khairpur Special Economic Zone (KSEZ) project was supplemented by a dedicated captive power plant which would ensure an uninterrupted power supply to all the enterprises within the
Published 03 Aug, 2012 12:00am
Contempt of court law: lower courts observe strike

Contempt of court law: lower courts observe strike

On the call of Sindh Bar Council (SBC), lower courts on Thursday remained closed, as legal fraternity observed a strike in protest against the government's contempt of court law. SBC last week made an appeal to the lawyers' community to observe strikes ev
Published 03 Aug, 2012 12:00am
SECP to support Islamic finance summit

SECP to support Islamic finance summit

The commitment of the Securities and Exchange Commission of Pakistan (SECP) to Islamic finance is cemented by its support for the second World Islamic Finance Summit (WIFS), which is scheduled for September 12-13, in Karachi.
Published 03 Aug, 2012 12:00am
PPP leader smells conspiracy behind Balochistan unrest

PPP leader smells conspiracy behind Balochistan unrest

Pakistan Peoples Party Balochistan leader Zamin Ali Changezi expressed his grave concern and said behind the unrest in Balochistan, he sees conspiracy against PPP-led provincial government. In a statement issued here on Thursday, he said that only PPP is
Published 03 Aug, 2012 12:00am
Non-payment of dues to KESC: KMC's woes deepen

Non-payment of dues to KESC: KMC's woes deepen

The cash trapped Karachi Metropolitan Corporation (KMC) which is unable to clear salaries of over 28000 employees has also started facing disconnection of power supply from Karachi Electric Supply Company (KESC) for non-payment of dues. Though KESC denied
Published 03 Aug, 2012 12:00am
Navy directed to expedite recruitment process

Navy directed to expedite recruitment process

Pakistan Navy on the directives of President of Pakistan, Asif Ali Zardari and the Chief of Naval Staff has expedited its recruitment process in the province of Sindh in order to strengthen national integration and harmony. Pakistan Navy, in this context,
Published 03 Aug, 2012 12:00am
KUJ (Dastoor) delegation meets Sharjeel

KUJ (Dastoor) delegation meets Sharjeel

Sindh Information Minister Sharjeel Memon has said that challans against plots for 467 news members of the Karachi Press Club will soon be issued, and he will personally meet Chief Minister Syed Qaim Ali Shah to resolve issues of journalist community. He
Published 03 Aug, 2012 12:00am
Fresh spell of monsoon rains forecast

Fresh spell of monsoon rains forecast

Met Office has predicted a fresh spell of monsoon rains over upper and some central parts of the country in the next four days. The office in its weather forecast observed that monsoon rains during July remained below normal in the country. It said the pr
Published 03 Aug, 2012 12:00am
Issues to be fully projected at CCI meeting, says chief minister

Issues to be fully projected at CCI meeting, says chief minister

Sindh Chief Minister Syed Qaim Ali Shah on Thursday presided over a preparatory meeting regarding issues and problems which were discussed, highlighted and presented in the council of common interest, held at Chief Minister House. The CM said that problem
Published 03 Aug, 2012 12:00am
Punjab government vows to improve nutrition status of masses

Punjab government vows to improve nutrition status of masses

Planning & Development Department Chairman, Javed Aslam has renewed Punjab government's commitment towards improving nutrition status of masses in Punjab with a focus on women and children. He reassured this obligation during the workshop to develop multi
Published 03 Aug, 2012 12:00am
Don't attack Shaukat Khanum Hospital: Elahi

Don't attack Shaukat Khanum Hospital: Elahi

Deputy Prime Minister and Pakistan Muslim League-Q senior leader Chaudhry Parvez Elahi has said that N-League should not make Imran Khan's Shaukat Khanum Cancer Hospital target of its political victimisation. Elahi said here on Thursday that targeting a h
Published 03 Aug, 2012 12:00am
Jamaat-i-Islami terms Indian offer a trap

Jamaat-i-Islami terms Indian offer a trap

Leaders of Jamaat-i-Islami (JI) on Thursday termed India's offer to allow investment a ruse designed to destabilise the country and urged patriotic businessmen not to fall in this trap. The JI's Ameer Syed Munawar Hasan said that India was Pakistan "enemy
Published 03 Aug, 2012 12:00am
PMA condemns abductions in Balochistan

PMA condemns abductions in Balochistan

The Law and order situation in Balochistan is a big question mark on the performance of the Balochistan government. Professor of Psychiatry Dr Ghulam Rasool has been abducted yesterday in Quetta and this is the second abduction which has been done in the
Published 03 Aug, 2012 12:00am
LSE suspends trading in shares of 21 companies

LSE suspends trading in shares of 21 companies

Lahore Stock Exchange (LSE) has suspended the listed companies trading from August 05, 2012. Since the companies have not so far removed the cause of suspension of trading in their share, it has been decided in the interest of trade and public and in exer
Published 03 Aug, 2012 12:00am
LCCI welcomes Indian decision to lift ban on investments

LCCI welcomes Indian decision to lift ban on investments

The Lahore Chamber of Commerce and Industry (LCCI) welcomed the Indian government decision to lift ban on investments from Pakistan and called for liberalising the visa regime to make the move more meaningful and result-oriented. According to the LCCI Pre
Published 03 Aug, 2012 12:00am
KBP terms high POL prices an 'oil drone' attack

KBP terms high POL prices an 'oil drone' attack

Kisan Board Pakistan (KBP) President Sardar Zafar Hussein and Secretary General Muhammad Ramzan Rohari reacting to recent increase in petroleum products prices have termed it as an 'oil drone' attack on the whole nation. In a joint statement issued here o
Published 03 Aug, 2012 12:00am
New POL price hike rejected

New POL price hike rejected

The recent surge in petroleum price has drawn a sharp reaction from traders, transporters, business community and general public, who vehemently rejected the increase and termed it anti-people during the holy month of Ramazan.
Published 03 Aug, 2012 12:00am
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