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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-08-07
Australian shares at highest in 12 weeks

Australian shares at highest in 12 weeks

Australian shares rose 1.2 percent to their highest close in 12 weeks on Monday as encouraging US economic data and rising commodity prices added to investor optimism. The S&P/ASX 200 index rose 51.1 points to 4,272.6, according to the latest data, its hi
Published 07 Aug, 2012 12:00am
European shares surge to four-month high

European shares surge to four-month high

European shares closed at their highest level in more than four months on Monday, with cyclical shares driving gains on the back of recent US economic data and hopes for fresh policy actions to help debt-market strugglers Spain and Italy. Sectors linked t
Published 07 Aug, 2012 12:00am
Southeast Asian markets gain

Southeast Asian markets gain

Most Southeast Asian stock market gained on Monday with Singapore hitting a one-year high as investors bought into the region's risky assets after stronger-than-expected US jobs data and emerging optimism for European action on the debt crisis.
Published 07 Aug, 2012 12:00am
Seoul shares at seven-week high

Seoul shares at seven-week high

Seoul shares climbed to a seven-week closing high on Monday, posting sharp gains on the back of stronger-than-expected US jobs data and resuscitated hopes of fresh easing from the European Central Bank. The Korea Composite Stock Price Index (KOSPI) rose 2
Published 07 Aug, 2012 12:00am
Cyclicals lift Britain's FTSE back above 5,800

Cyclicals lift Britain's FTSE back above 5,800

Cyclicals lifted Britain's top shares above 5,800 points for the first time since May on Monday as investors bet on eventual European Central Bank action to curb high peripheral bond yields, although low volumes showed not everyone was convinced. The FTSE
Published 07 Aug, 2012 12:00am
Euro touches one-month high in Asia

Euro touches one-month high in Asia

The euro hit a one-month high against the dollar on Monday as traders unwound bearish bets on the single currency after stronger-than-expected US jobs data last week improved investors' appetite for risk. Investors were looking ahead to next month for the
Published 07 Aug, 2012 12:00am
Euro slips on doubts over effective ECB response

Euro slips on doubts over effective ECB response

The euro eased on Monday after making significant gains, with many investors wary of buying the currency on caution about how effective action pledged by European policymakers to resolve the euro zone crisis would be. The euro earlier hit a one-month high
Published 07 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 Monday. 81.50-81.505 (previous 81.55-81.55). Call Money Rates: 06.50-10.50 percent (previous 06.50-10.50 percent).
Published 07 Aug, 2012 12:00am
Yuan weakens

Yuan weakens

China's yuan weakened on Monday even though the central bank set a stronger midpoint as the dollar index slid in overnight trade after better-than-expected US jobs data increased investor risk appetite. The People's Bank of China (PBOC) set the midpoint a
Published 07 Aug, 2012 12:00am
Ringgit, won ride

Ringgit, won ride

The Malaysian ringgit and the South Korean won led gains among emerging Asian currencies on Monday as better-than-expected US jobs and hopes for European action to ease the eurozone's debt crisis spurred risk appetite. The ringgit hit a near three-month h
Published 07 Aug, 2012 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee rose to near a one-week high on Monday, catching up to a global risk rally following improving US jobs data, while a promise from the finance minister to unveil fiscal consolidation steps sparked cautious hope. While the rupee will contin
Published 07 Aug, 2012 12:00am
Sterling falls to one-month low versus euro

Sterling falls to one-month low versus euro

Sterling fell to a one-month low against the euro and a trade-weighted basket of currencies on Monday, undermined by growing evidence of a weakening economy that could prompt further monetary easing by the Bank of England. Analysts also said a recovery in
Published 07 Aug, 2012 12:00am
Medals table

Medals table

Olympics medals table at the start of the 10th full day of competition on Monday:

Published 07 Aug, 2012 12:00am
Kiwis in first semis, Britain also through

Kiwis in first semis, Britain also through

New Zealand booked a place in the Olympic women's hockey semi-finals for the first time on Monday after a goalless draw with Germany knocked the 2004 champions out of the London Games. Britain also made it through to the final four thanks to China's 1-0 l
Published 07 Aug, 2012 12:00am
Corporate T20 Cup: Mukhtar shines in Advance Telecom win

Corporate T20 Cup: Mukhtar shines in Advance Telecom win

Mukhtar Ahmed of Advance Telecom played a terrific innings against Port Qasim in their last group match in the Advance Telecom 2nd Corporate T20 Cup 2012 played at the DHA Sports Club - Moin Khan Academy on Sunday. After winning the toss Port Qasim opted
Published 07 Aug, 2012 12:00am
Brazilian crowned lord of the rings

Brazilian crowned lord of the rings

Arthur Zanetti gave a taster of the carnival atmosphere the world can expect at the 2016 Rio Games when he sparked wild celebrations on Monday by becoming the first Brazilian to win an Olympic gymnastics title with victory in the rings final. So unexpecte
Published 07 Aug, 2012 12:00am
China win gold in women's radial

China win gold in women's radial

China's Xu Lijia won gold in the women's Laser Radial race at the London Olympics on Monday, leading from the front in a four-nation head to head. The world champion silver medallist and 2008 bronze medal holder overcame a penalty turn to win the three la
Published 07 Aug, 2012 12:00am
Party-man Bolt 'ready to go again'

Party-man Bolt 'ready to go again'

Jamaica's Usain Bolt warned he was "ready to go again" Monday in search of more Olympic gold after celebrating into the small hours following his classic 100m win. Bolt, who answered his critics by running 9.63sec, the second-fastest time ever behind his
Published 07 Aug, 2012 12:00am
Pietersen, Broad make South Africa wobble

Pietersen, Broad make South Africa wobble

Kevin Pietersen enjoyed rare success as a bowler and Stuart Broad took four quick wickets to give South Africa some anxious moments on the fifth and final day of the second Test against England at Headingley on Monday. Despite their efforts, the match was
Published 07 Aug, 2012 12:00am
Egypt army vows to avenge deadly Sinai attack

Egypt army vows to avenge deadly Sinai attack

Egypt's army vowed Monday to "avenge" the killing of 16 troops by gunmen near the Israeli border, as President Mohamed Morsi ordered security forces to take full control of the Sinai Peninsula. In Sunday's attack, 35 gunmen in Bedouin clothing opened fire
Published 07 Aug, 2012 12:00am
11 police officers defect to Taliban; two Afghan officials killed

11 police officers defect to Taliban; two Afghan officials killed

Eleven police officers defected to the Taliban in southern Afghanistan while two government officials were killed in separate incidents elsewhere, officials said Monday. The policemen left their checkpoint and defected to the rebels in the southern Helman
Published 07 Aug, 2012 12:00am
Hiroshima marks anniversary of atomic bombing

Hiroshima marks anniversary of atomic bombing

A bell tolled to mark a moment of silence while people joined hands in prayer as tens of thousands marked the anniversary of the atomic bombing of Hiroshima on Monday. Ageing survivors, relatives, government officials and foreign delegates attended an ann
Published 07 Aug, 2012 12:00am
Last Polish veteran of Wasterplate battle dies

Last Polish veteran of Wasterplate battle dies

Major Ignacy Skowron, the last Polish veteran of the Battle of Westerplatte which began World War II, has died at the age of 97, local media reported Monday. Skowron was the last survivor of a some 200-member Polish crew that defended northern Poland's We
Published 07 Aug, 2012 12:00am
UK lawmaker with leading role in hacking hearings quits

UK lawmaker with leading role in hacking hearings quits

High-profile British lawmaker Louise Mensch, who played a leading role in parliamentary hearings over the phone-hacking scandal, announced Monday that she is quitting to move to New York with her family. Mensch, 41, a prominent presence on Twitter who rec
Published 07 Aug, 2012 12:00am
Clinton lunches with Mandela in rare visit at his home

Clinton lunches with Mandela in rare visit at his home

US Secretary of State Hillary Clinton met Nelson Mandela Monday at his rural homestead where South Africa's first black president is living out retirement far from the public eye. Her private lunch with the Nobel Peace Prize winner was the first event of
Published 07 Aug, 2012 12:00am
EU pledges two million euros aid for Indian flood victims

EU pledges two million euros aid for Indian flood victims

The European Union on Monday said it would donate 2 million euros (2.5 million dollars) in aid for the victims of monsoon floods in the north-eastern Indian state of Assam. Since they started in mid-June, the floods have killed over 100 people and displac
Published 07 Aug, 2012 12:00am
Sikh temple shooter had white supremacist ties: FBI

Sikh temple shooter had white supremacist ties: FBI

US federal agents believe the slain suspect in a deadly attack on worshippers at a Sikh temple in Wisconsin had ties to white supremacist groups, a senior investigator said Monday. Special Agent Teresa Carlson, head of the Federal Bureau of Investigation'
Published 07 Aug, 2012 12:00am
$100 million Romney outraises Obama

$100 million Romney outraises Obama

Repub-lican presidential candidate Mitt Romney raked in $100 million in fundraising in July, widening the cash advantage he enjoys over President Barack Obama, who made over $75 million. The presumptive Republican nominee pulled in $101.3 million combined
Published 07 Aug, 2012 12:00am
Manmohan condemns US temple attack; prayers, protests across India

Manmohan condemns US temple attack; prayers, protests across India

India has condemned the attack on a Sikh temple in the United States and Monday said it would ensure the community is protected amid outrage in the country over the shooting that killed six people. Prime Minister Manmohan Singh, himself a Sikh, said he wa
Published 07 Aug, 2012 12:00am
France calls on Myanmar to protect Muslims after new deaths

France calls on Myanmar to protect Muslims after new deaths

France called Monday for Myanmar authorities to protect civilians of all ethnic groups "without discrimination" after reports of renewed deadly violence between Buddhists and Muslim Rohingya. "France attaches great importance to a peaceful and concerted r
Published 07 Aug, 2012 12:00am
Romanian interior minister resigns amid impeachment row

Romanian interior minister resigns amid impeachment row

Romania sank deeper into political crisis Monday after Interior Minister Ioan Rus resigned, citing "unacceptable" pressures over an impeachment referendum against President Traian Basescu. "I have submitted my resignation for my own honour," said Rus, a m
Published 07 Aug, 2012 12:00am
Blast kills four in Chechnya

Blast kills four in Chechnya

A blast ripped through the capital of Russia's volatile Chechnya region on Monday, killing at least four interior ministry soldiers and injuring three people, a local government source said. The explosion, which Interfax news agency said happened as the s
Published 07 Aug, 2012 12:00am
Newmont looks to Asia to replenish gold yield

Newmont looks to Asia to replenish gold yield

Global gold miner Newmont Mining, the world's no. 2 producer, is counting on expansion of its Asia operations to replace lost ounces due to maturing operations elsewhere, and is targeting overall output growth of nearly 40 percent, a company official said
Published 07 Aug, 2012 12:00am
Shanghai copper up

Shanghai copper up

Copper was little changed on Monday after a better-than-expected US jobs report eased concern over growth in the world's biggest economy, and a fresh pledge by top metals consumer China to support growth also helped to support prices. The most-traded Nove
Published 07 Aug, 2012 12:00am
Copper moves up

Copper moves up

Copper rose on Monday, lifted by a strong euro and encouraging comments from top consumer China that boosted expectations of a recovery in demand, but persistent concern about the euro zone debt crisis capped further gains. London Metal Exchange (LME) thr
Published 07 Aug, 2012 12:00am
Oil edges up

Oil edges up

Oil prices edged up on Monday in choppy trade, receiving support from US stocks extending their rally and also from a weaker dollar and ongoinng turmoil in the Middle East Brent and US crude futures recovered from losses attributed to profit taking after
Published 07 Aug, 2012 12:00am
Tokyo rubber futures rise

Tokyo rubber futures rise

Tokyo rubber futures rose on Monday after a better-than-expected US jobs report eased concern over growth in the world's biggest economy, but failed to hold onto early gains that pushed the benchmark contract to the highest level in a week. The benchmark
Published 07 Aug, 2012 12:00am
Malaysian palm oil flat

Malaysian palm oil flat

Malaysian crude palm oil ended flat on Monday as expectations of higher stocks in No 2 producer Malaysia erased higher risk appetite on better-than-expected US jobs data. Investor optimism also grew on talks of more stimulus measures by European Central B
Published 07 Aug, 2012 12:00am
Raw sugar drops to five-week low

Raw sugar drops to five-week low

Raw sugar futures closed at a five-week low on Monday after a wave of late-day selling pushed the market below a key technical level, while cocoa futures drifted lower on profit-taking despite poor crop weather and an outbreak of violence in top grower Iv
Published 07 Aug, 2012 12:00am
Gold rises in Asia

Gold rises in Asia

Gold inched higher on Monday, extending gains from the previous session after better-than-expected US employment data lent support to risk appetite, weighing on the dollar. "Market participants are now betting on Fed action at next month's FOMC (Federal O
Published 07 Aug, 2012 12:00am
Gold surges in Europe on expectations of more US stimulus

Gold surges in Europe on expectations of more US stimulus

Gold prices rose on Monday, extending the last session's recovery from four days of declines, as investors bet that Friday's better-than-expected jobs data would not be enough to head off another round of monetary easing in the United States. Despite the
Published 07 Aug, 2012 12:00am
Asia feed mills caught short by costly corn

Asia feed mills caught short by costly corn

As corn prices climb past the record levels hit this time last year, a major factor has changed for Asian importers of the grain: Australia no longer has heaps of cheap feed wheat as a substitute. For a region that buys just under half the world's traded
Published 07 Aug, 2012 12:00am
Punjab protests abrupt closure of CJ Link Canal

Punjab protests abrupt closure of CJ Link Canal

Punjab has protested over the abrupt closure of 22000 cusecs Chashma-Jhelum link canal, saying that by closing the canal, Indus Rivers System Authority (Irsa) has jeopardised healthy growth of cotton and sugarcane sown over 1.5 million acres in Rahimyar K
Published 07 Aug, 2012 12:00am
Development projects in Lyari reviewed

Development projects in Lyari reviewed

Chief Minister Sindh Syed Qaim Ali Shah on Monday presided over a meeting regarding establishment of Trauma Centers, maternity homes and schools in Lyari and other issues of Lyari.
Published 07 Aug, 2012 12:00am
BGA demands retail marketing, branding of rice in lieu of bulk sales

BGA demands retail marketing, branding of rice in lieu of bulk sales

The Basmati Growers Association on Monday demanded of the Rice Exporters Association (Reap) to prefer retail marketing and branding of Basmati rice in the developed countries instead of bulk sales to the Middle East, where others would get benefit instead
Published 07 Aug, 2012 12:00am
Green Tractor scheme: submission date of applications extended

Green Tractor scheme: submission date of applications extended

Due to huge demands for Green Tractor scheme, applications submission date has been extended from August 22 to 31st August. This was decided in the provincial steering committee meeting of Green Tractor scheme on Monday.
Published 07 Aug, 2012 12:00am
Preparations in full swing ahead of Independence Day celebrations

Preparations in full swing ahead of Independence Day celebrations

Preparations to mark the Independence Day of Pakistan in a befitting manner on August 14 are in full swing here. Now a days, printers and makers of buntings, flags, banners and badges are fully engaged in their business. Jashan-e-Azadi preparations are at
Published 07 Aug, 2012 12:00am
Four including cop gunned down in separate incidents

Four including cop gunned down in separate incidents

At least four persons including a cop were killed in separate incidents in different areas of the metropolis here on Monday. According to police and rescue sources, a policeman deployed in Anti Extremist Cell of the Crime Investigation Department lost his
Published 07 Aug, 2012 12:00am
Nadra urges political parties to mobilise citizens for CNIC

Nadra urges political parties to mobilise citizens for CNIC

Chairman Nadra Tariq Malik has written letters to leaders of all political parties requesting their assistance in mobilising Pakistani citizens to obtain their computerised national identity cards (CNlCs), which is also a pre-requisite for registration as
Published 07 Aug, 2012 12:00am
Akbar Bugti's murder case: PHC grants transit bail to Sherpao

Akbar Bugti's murder case: PHC grants transit bail to Sherpao

The Peshawar High Court (PHC) of Monday granted transit bail to Pakistan People's Party-Sherpao (PPP-S) chief and former Interior Minister Aftab Ahmed Khan Sherpao in Akbar Bugti murder case. Justice Shah Jahan Akhunzada of PHC accepted his plea and grant
Published 07 Aug, 2012 12:00am
NH&MP recover seven abducted persons

NH&MP recover seven abducted persons

The National Highways & Motorway Police N- (NH&MP) 5 Central saved many precious lives when a bus caught fire on national highway near Ahmad Pur besides recovering seven abducted members of a family after arresting two kidnappers near Zahir Pir. NH&MP N-5
Published 07 Aug, 2012 12:00am
New York cotton jumps to 2-1/2 months high

New York cotton jumps to 2-1/2 months high

Cotton futures rose for a second day on Monday, hitting two-and-a-half month highs, on mounting concerns about possible export restrictions out of India, the world's second-largest producer. "This is uncertainty over India's situation which is twofold, ho
Published 07 Aug, 2012 12:00am
US MIDDAY: soya tumbles

US MIDDAY: soya tumbles

Soyabeans tumbled 2 percent early on Monday for their biggest drop in 11 days as widespread weekend showers in the US Midwest brought mild relief to the crop, but the market was still up 27 percent from the drought rally of the past two months. Traders we
Published 07 Aug, 2012 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper prices rose for a second straight day on Monday as the euro edged higher against the dollar and after encouraging comments from top consumer China boosted expectations of a recovery in demand, even as doubts lingered about the health of the debt-ri
Published 07 Aug, 2012 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

Gold rose on Monday on gains in US equities and crude oil, but daily volume looked set to be one of this year's lowest, reflecting bullion investors' fickle sentiment toward further monetary easing by central banks. The metal extended gains from last Frid
Published 07 Aug, 2012 12:00am
PBA urges Punjab government to withdraw FIR against Midas

PBA urges Punjab government to withdraw FIR against Midas

Pakistan Broadcasters Association (PBA) has expressed grave concerns over the action of filing of FIR by Government of Punjab against M/s Midas (Pvt) Ltd and its Chief Executive Inam Akbar. PBA in its statement strongly condemned the unprofessional and un
Published 07 Aug, 2012 12:00am
Pakistan seeks to export surgical instruments to Malaysia

Pakistan seeks to export surgical instruments to Malaysia

A trade delegation of leading Pakistani exporters of surgical/dental and instruments recently visited Kuala Lumpur to explore Malaysian market and secured exports orders. According to Trade Development Authority of Pakistan (TDAP) on Monday, the delegatio
Published 07 Aug, 2012 12:00am
Former MPA dies

Former MPA dies

Former MPA and leader of Pakistan Tehreek-e-Insaaf Chaudhry Nazir Muhammad Douggal, who died after protracted illness, was laid to rest at his ancestral graveyard here on Monday. State Minister and PPP Punjab President Imtiaz Safdar Warriach, DCO Vehari E
Published 07 Aug, 2012 12:00am
Government to complete its term: Jadoon

Government to complete its term: Jadoon

The present democratic government would complete its five years' term. This was stated by the Sindh Minister for Transport, Akhtar Hussain Jadoon. He was talking to various delegations in his office on Monday. The Minister said that the government is busy
Published 07 Aug, 2012 12:00am
'Law and order in Karachi has rapidly improved': chief minister

'Law and order in Karachi has rapidly improved': chief minister

Chief Minister Sindh Syed Qaim Ali Shah and Federal Interior Minister, Rehman Malik Monday co-chaired law and order meeting held at CM House here. The meeting was attended among others by Principal Secretary to CM Muhammad Siddique Memon, Secretary Home S
Published 07 Aug, 2012 12:00am
Balochistan, Karachi situations interlinked: Altaf

Balochistan, Karachi situations interlinked: Altaf

Muttahida Qaumi Movement (MQM) chief Altaf Hussain has said that country is facing grave challenges. Addressing an Iftar-dinner in Karachi on phone from London, Altaf Hussain said Chief Justice of Pakistan had taken action against the prime minister very
Published 07 Aug, 2012 12:00am
33 Pakistanis deported from Greece

33 Pakistanis deported from Greece

As many as 33 Pakistanis deported from Greece arrived at Benazir Bhutto International Airport through a special airplane here on Monday. All deportees were taken into custody and shifted to Federal Investigation Agency (FIA) Passport cell for investigatio
Published 07 Aug, 2012 12:00am
Pizza Hut offers Ramazan Fiesta

Pizza Hut offers Ramazan Fiesta

Pizza Hut lives the ever rich tradition of serving delicious pizzas with favourite crusts, toppings and blends of tantalising condiments. With extensive network of outlets and dine-in facilities, Pizza Hut is the all-time venue for special occasions acros
Published 07 Aug, 2012 12:00am
Mintex develops concept to boost exports

Mintex develops concept to boost exports

To provide stimulus to exports, particularly textile exports, the Ministry of Textile Industry (Mintex) has developed the concept of "target destinations" from where participants would be invited to the "Textile Pakistan - International Conference and Exh
Published 07 Aug, 2012 12:00am
Lawyers' community withdraws strike call

Lawyers' community withdraws strike call

Sindh's lawyers' community on Monday announced to withdraw its strike call following the Supreme Court's decision to strike down the contempt law. The legal fraternity of lower courts in the province observed strike twice since ruling parties in the Natio
Published 07 Aug, 2012 12:00am
KMC organises Eid discount family festival

KMC organises Eid discount family festival

Karachi Metropolitan Corporation (KMC) has organised Bachat Bazaar to provide better quality items to citizens on discounted rates. While inaugurating Eid Discount Family Festival held in the City Auditorium at Ayesha Manzil, Administrator Muhammad Hussai
Published 07 Aug, 2012 12:00am
Exporters not getting tax refund: Parekh

Exporters not getting tax refund: Parekh

It is indeed a great dilemma that the exporters are not getting Input Tax Refund against the invoices issued by Service Providers since the inception of Sindh Board of Revenue. Over and above this, the amount of input tax so claimed in the exporters' Sale
Published 07 Aug, 2012 12:00am
BQATI's annual elections held

BQATI's annual elections held

Elections for the Managing Committee of Bin Qasim Association of Trade & Industry (BQATI) for the term of 2012-13 were held with the closing date on August 06, 2012. The following candidates have been declared elected as Members of the Managing Committee.
Published 07 Aug, 2012 12:00am
'Divorcing Pakistan'

'Divorcing Pakistan'

Apropos 'Divorcing Pakistan' opined in Los Angeles Times by Professor Andrew J. Bacevich, it is quite true that the history of US-Pakistani relations is one of wild swings between feigned friendship and ill-disguised mistrust. When the United States needs
Published 07 Aug, 2012 12:00am
Israel eyes lawless Sinai with trepidation

Israel eyes lawless Sinai with trepidation

The attack by gunmen on an Egyptian army post in the Sinai and subsequent attempt to infiltrate into Israel, could prove a turning point in the fight against growing lawlessness in the Sinai peninsula, Israel analysts said Monday. Israel Defence Minister
Published 07 Aug, 2012 12:00am
A clever-by-half India

A clever-by-half India

According to press reports, the government of India has announced that it will welcome investment in India by Pakistani businesses in all economic sectors excluding three sensitive ones. This is a positive development but the concession's being operative
Published 07 Aug, 2012 12:00am
'Walk of shame'

'Walk of shame'

The film shows the man is mercilessly beaten by police while the woman is prevented from putting on her clothes despite the fact that she laments and cries before the police officers. Being quite grainy it lacks lucidity, and would make little sense in th
Published 07 Aug, 2012 12:00am
Preparedness ahead of predicted floods

Preparedness ahead of predicted floods

The recent heavy rains have inundated 13 villages and destroyed standing seasonal crops on hundreds of acres of land near Bajwat and Chaprar in Sialkot due to floods in Chenab and its tributary, Tavi. In addition, five villages of Hafizabad were also inun
Published 07 Aug, 2012 12:00am
Over 100,000 vehicles in Khyber Pakhtunkhwa await registration

Over 100,000 vehicles in Khyber Pakhtunkhwa await registration

Over 100,000 files for registration of new vehicles have been lying pending for two and half years with the Khyber Pakhtunkhwa Excise and Taxation authority as issuing process of computerised number plates stopped owing to renaming of the province and som
Published 07 Aug, 2012 12:00am
Four killed in the name of honour

Four killed in the name of honour

A man with the help of his two sons allegedly killed his wife, two daughters and another person for honour besides injuring three others in Basti Sardar Akuka Dunga Bunga late Sunday night. According to police Muhammad Hanif suspected that his wife and da
Published 07 Aug, 2012 12:00am
Audit reports of different departments: PAC to meet on August 13, 15

Audit reports of different departments: PAC to meet on August 13, 15

Despite the non-serious attitude of the officials of provincial departments during recently held meetings, the meeting of Public Accounts Committee (PAC) of Sindh Assembly has been called meeting to review audit reports of different department for differe
Published 07 Aug, 2012 12:00am
Four including two sisters injured

Four including two sisters injured

Law Enforcement Agencies (LEAs) on Monday arrested six felons with weapons while four persons including two sisters were injured in separate encounters in the metropolis. According to police, two unidentified armed men barged into a mobile shop 'Mobile Do
Published 07 Aug, 2012 12:00am
Differences still persists: Zulfiqar Khosa's cousin meets Nawaz

Differences still persists: Zulfiqar Khosa's cousin meets Nawaz

Differences between the PML-N leadership and former senior advisor to Punjab Chief Minister Senator Sirdar Zulifqar Ali Khosa still persists as both are staying at distance. Sources said PML-N President Nawaz Sharif had formed a committee to woo Zulfiqar
Published 07 Aug, 2012 12:00am
BMG candidates elected KCCI members unopposed

BMG candidates elected KCCI members unopposed

All the 15 candidates of the Businessmen Group (BMG), lead by Siraj Kassim Teli has been declared elected unopposed as members of managing committee of Karachi Chamber of Commerce and Industry (KCCI) for two years. While the group has nominated Haroon Aga
Published 07 Aug, 2012 12:00am
Loadshedding duration reduces after rains

Loadshedding duration reduces after rains

Duration of loadshedding has reduced with drop in demand for power after torrential rains during last 48 hours. According to the NTDC sources, power generation was recorded at 14,191MW against a demand of 17,601MW during last 24 hours. Resultantly, power
Published 07 Aug, 2012 12:00am
IGP Khyber Pakhtunkhwa reviews law, order situation

IGP Khyber Pakhtunkhwa reviews law, order situation

Inspector General of Police Khyber Pakhtunkhwa Muhammad Akbar Khan Hoti on Monday directed the police high-ups to take pre-emptive measures to maintain law and order situation in the province. "We will continue our vigorous efforts to maintain peace in th
Published 07 Aug, 2012 12:00am
UBL and SLIC launch joint Insurance product

UBL and SLIC launch joint Insurance product

United Bank Limited (UBL) recently became the first bank in Pakistan to be signed up by State Life Insurance Corporation (SLIC) to sell their insurance products under Bancassurance. SLIC is the leading insurance company of Pakistan with the highest market
Published 07 Aug, 2012 12:00am
Slash discount rate by 250 basis points

Slash discount rate by 250 basis points

With CPI sliding down to a single digit, this could be the most appropriate time for the State Bank of Pakistan to chop discount rate by 200-250 basis points. Due to high discount rate, the government has to pay nearly Rs 400 billion annually for issuance
Published 07 Aug, 2012 12:00am
New trade policy aimed at boosting exports: TDAP

New trade policy aimed at boosting exports: TDAP

Trade Development Authority of Pakistan (TDAP) Chief Executive Officer Tahir Raza Naqvi has said that new trade policy with a special focus on enhancing export volume would be announced within next 10 days. He was talking to newsmen at the Regional office
Published 07 Aug, 2012 12:00am
Hajj quota case: LHC issues notice to federal minister

Hajj quota case: LHC issues notice to federal minister

The Lahore High Court (LHC) here on Monday issued notice to Federal Minister and Secretary Religious Affairs in a contempt petition for giving statement against the court decision. The petitioner JAP Chairman Azhar Sadique contended that a number of Hajj
Published 07 Aug, 2012 12:00am
PML-N to foil all anti-judiciary conspiracies: Ahsan

PML-N to foil all anti-judiciary conspiracies: Ahsan

Pakistan Muslim League-Nawaz (PML-N) Deputy Secretary General Ahsan Iqbal on Monday said that Pakistan People's Party is attacking judiciary in an attempt to make it "political martyr" before the general elections in the country. The PML-N leader said tha
Published 07 Aug, 2012 12:00am
Piaf urges SBP to reduce interest rate to single digit

Piaf urges SBP to reduce interest rate to single digit

Pakistan Industrial and Traders Associations Front (Piaf) has urged the Governor State Bank of Pakistan (SBP) to bring down the mark-up rate to single digit for the revival of economy. In a statement issued here, the PIAF Chairman Engineer Sohail Lashari
Published 07 Aug, 2012 12:00am
Ephedrine quota case: Interior secretary rejects allegations

Ephedrine quota case: Interior secretary rejects allegations

Supreme Court on Monday directed Anti-Narcotics Force (ANF) to submit a written complaint against Ministry of Interior's reluctance to place the names of Ali Musa Gilani and others on Exit Control List (ECL). A three-member bench of the apex court compris
Published 07 Aug, 2012 12:00am
LHC promotes 10 AD&SJs

LHC promotes 10 AD&SJs

Chief Justice Lahore High Court here on Monday promoted ten Additional District and Sessions Judges to the post of District and Sessions Judges and four Senior Civil Judges (SCJ) to AD and SJs.
Published 07 Aug, 2012 12:00am
Power breakdown damages instillations of KWSB

Power breakdown damages instillations of KWSB

The recent electricity breakdown in the city has not only caused heavy damage to the water supply pumping stations but also to the sewerage system of the city. Due to the power outages, sewerage system came to a halt at many sewerage stations and leakages
Published 07 Aug, 2012 12:00am
CAA awards cash management mandate to BBP

CAA awards cash management mandate to BBP

Civil Aviation Authority (CAA) has awarded Cash Management mandate to Barclays Bank Pakistan (BBP) for managing collections from Non-Schedule Flights customers across Pakistan. The solution will improve the turn around time and provide instant access of i
Published 07 Aug, 2012 12:00am
Islamabad witnesses increase in crimes; SSP admits

Islamabad witnesses increase in crimes; SSP admits

Senior Superintendent of Police (SSP) Yaseen Farooq on Monday admitted that capital city has witnessed increase in crimes during last few months. "The capital city has witnessed increase in crime including robberies, dacoities and car lifting in the last
Published 07 Aug, 2012 12:00am
Holding myself accountable: FBR chief

Holding myself accountable: FBR chief

Federal Board of Revenue (FBR) Chairman Ali Arshad Hakim categorically said on Monday that he will start accountability process, making himself accountable first to bring maximum transparency and fairness in the system. On the conclusion of the meeting of
Published 07 Aug, 2012 12:00am
Investment Policy: government urged to negotiate with private sector

Investment Policy: government urged to negotiate with private sector

The Lahore Chamber of Commerce and Industry on Monday urged the government to initiate dialogue with the private sector on upcoming Investment Policy and to overcome low-FDI phenomenon. LCCI President Irfan Qaiser Sheikh in a statement said that there is
Published 07 Aug, 2012 12:00am
Grenade hurled at trader's residence

Grenade hurled at trader's residence

Unidentified armed riders on Monday hurled a hand grenade at the residence of a trader, located in Defence area. Fortunately, nobody was reported hurt, as the grenade did not explode. The trader's house was targeted after he reportedly refused to pay exto
Published 07 Aug, 2012 12:00am
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