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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-08-15
Early trade in New York: dollar gains, yen slumps broadly

Early trade in New York: dollar gains, yen slumps broadly

The dollar jumped against the Japanese yen on Tuesday as investors pared back expectations of further monetary easing by the Federal Reserve following stronger-than-expected US retail sales data. The euro rallied against the yen as well, but fell against
Published 15 Aug, 2012 12:00am
Euro gains, remains below last week's one-month high

Euro gains, remains below last week's one-month high

The euro rose against the dollar for the first time in four days on Monday as investors pared bearish bets, but doubts about the ability of the European Central Bank to rein in the region's debt crisis should keep the currency under pressure. Trade was th
Published 15 Aug, 2012 12:00am
Yuan ends up

Yuan ends up

The yuan closed moderately higher on Tuesday after an afternoon fall in the dollar sparked a yuan rally, and traders say customer flow is becoming more balanced after months of excess dollar buying. The yuan closed at 6.3586 per dollar, 30 pips stronger t
Published 15 Aug, 2012 12:00am
Australian and New Zealand dollar consolidate

Australian and New Zealand dollar consolidate

The Australian and New Zealand dollar consolidated under multi-month highs on Tuesday and were vulnerable to any disappointment from Europe and the United States data which could add to global growth concerns. The Aussie fetched $1.0518, having shed 0.5 p
Published 15 Aug, 2012 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell on Tuesday to its lowest in more than a week after a rise in July core inflation tempered expectations for an interest rate cut, while a widening trade deficit highlighted the woes facing the local currency. Core inflation was estima
Published 15 Aug, 2012 12:00am
Sterling falters after brief UK inflation boost

Sterling falters after brief UK inflation boost

Sterling hit a two-week high against the dollar on Tuesday after data showed British inflation unexpectedly rose in July, but further gains were seen as unlikely given the Bank of England was still expected to ease policy in the near term. The pound rose
Published 15 Aug, 2012 12:00am
Won, Taiwan dollar lead gains in Asia

Won, Taiwan dollar lead gains in Asia

Most emerging Asian currencies rose on Tuesday, underpinned by growing expectations of stimulus by policymakers of developed markets to shore up global growth, while investors awaited more economic data from Europe and the United States. The Taiwan dollar
Published 15 Aug, 2012 12:00am
Olympic flag arrives in Rio, host of 2016 Games

Olympic flag arrives in Rio, host of 2016 Games

The Olympic flag arrived Monday in Rio de Janeiro, which will host the 2016 Summer Games - a challenge which authorities in Brazil say the city is prepared to conquer. Rio Mayor Eduardo Paes stepped off a plane carrying the flag, accompanied by Carlos Art
Published 15 Aug, 2012 12:00am
Khedira defends Loew and players over anthem

Khedira defends Loew and players over anthem

Germany midfielder Sami Khedira on Tuesday hit back against criticism of players, including himself, who do not sing their national anthem before matches. Khedira also gave his backing to under-fire head coach Joachim Loew, insisting that he had the playe
Published 15 Aug, 2012 12:00am
Anorthosis kicked out of Europa League

Anorthosis kicked out of Europa League

Cypriot side Anorthosis Famagusta have been kicked out of the Europa League after crowd trouble forced their home game against Georgia's Dila Gori to be abandoned, UEFA said on Tuesday. Anorthosis, 1-0 up going into the third qualifying round second leg,
Published 15 Aug, 2012 12:00am
Kvitova overcomes wobble to claim Montreal title

Kvitova overcomes wobble to claim Montreal title

Petra Kvitova overcame a mid-match slump to claim her first title of the season with a 7-5 2-6 6-3 victory over China's Li Na in the Montreal Cup on Monday. In an entertaining but erratic encounter between two former major winners, the fifth seed's first
Published 15 Aug, 2012 12:00am
China bows down to 'Devil Beast' Drogba

China bows down to 'Devil Beast' Drogba

Didier Drogba's first month in China is being heralded as an unequivocal success, the powerful Ivory Coast striker earning rave reviews, the moniker "Devil Beast" and being compared to "a nuclear bomb". The 34-year-old became one of the world's highest-pa
Published 15 Aug, 2012 12:00am
South Korea footballer escapes draft

South Korea footballer escapes draft

A South Korean footballer will be excused military service as a reward for his Olympic performance despite controversially displaying a sign on a territorial dispute, an official said. Park Jong-Woo was barred from the medal ceremony after he held up a si
Published 15 Aug, 2012 12:00am
South Korea attacks 'biased' judging at Games

South Korea attacks 'biased' judging at Games

South Korea's sports minister on Tuesday took a swipe at the London Olympics over alleged cases of biased refereeing, vowing to step up Seoul's influence with international sports organisations. Choe Kwang-Shik made the remarks in a speech at a disbandmen
Published 15 Aug, 2012 12:00am
Call me 'unique' not 'special' says Mourinho

Call me 'unique' not 'special' says Mourinho

Real Madrid coach Jose Mourinho said Tuesday that he would prefer to be known as the "unique one" rather than the "special one" as a result of his achievements. "I'm the only one to have won the three biggest championships in the world," Mourinho said in
Published 15 Aug, 2012 12:00am
Kallis says England will miss Pietersen

Kallis says England will miss Pietersen

England will miss Kevin Pietersen in this week's third and final test against South Africa at Lord's, visiting all-rounder Jacques Kallis said on Tuesday. "He's a world-class player and he's proven that over many years - putting in big performances for En
Published 15 Aug, 2012 12:00am
England won't be weaker without Pietersen: players

England won't be weaker without Pietersen: players

England will not be weaker as a result of leading batsman Kevin Pietersen being dropped for this week's third and final test against South Africa at Lord's, according to team mates Graeme Swann and Tim Bresnan. Pietersen, named man of the match after hitt
Published 15 Aug, 2012 12:00am
British army will take two-year hit from Olympics

British army will take two-year hit from Olympics

Britain's armed forces will take two years to recover from their involvement in the Olympic Games because the high number of personnel deployed at short notice were taken away from normal duties, the army's chief planner for the Games told the Guardian ne
Published 15 Aug, 2012 12:00am
House outside NYC destroyed in blast; seven hurt

House outside NYC destroyed in blast; seven hurt

Police say six adults and a toddler have been hurt in an apparent explosion that destroyed a house in a Long Island suburb of New York City. Suffolk County police say surrounding houses also were damaged. The blast happened just before noon Tuesday in Bre
Published 15 Aug, 2012 12:00am
Nepal jails former home minister in corruption case

Nepal jails former home minister in corruption case

Nepal's highest court on Tuesday jailed a former home minister for corruption in the latest in a series of high profile graft convictions of prominent public figures. The Supreme Court handed Khum Bahadur Khadka an 18-month sentence and 9.5-million-rupee
Published 15 Aug, 2012 12:00am
French youths jostle minister after riots overnight

French youths jostle minister after riots overnight

Youths jeered and jostled the French interior minister on Tuesday in the northern city of Amiens, where he met local officials following overnight riots in which police were fired at with buckshot and pelted with missiles. President Francois Hollande said
Published 15 Aug, 2012 12:00am
Bangladesh launches operation against pirates

Bangladesh launches operation against pirates

Bangladesh has launched a joint air and naval operation against pirates in the Bay of Bengal in an effort to rescue 50 fishermen kidnapped at the weekend, a coast guard officer said on Tuesday. The fishermen were captured on Sunday by Bangladeshi pirates
Published 15 Aug, 2012 12:00am
Egyptian president shown awarding medals to former generals

Egyptian president shown awarding medals to former generals

Egyptian President Mohammed Morsi was on Tuesday shown awarding medals to Field Marshal Hussein Tantawi and another senior general who he pushed into retirement this week, a move that stamped his authority over the once ruling military. Tantawi, 76, who s
Published 15 Aug, 2012 12:00am
Israel picks new home front defence minister

Israel picks new home front defence minister

Israel's prime minister on Tuesday named former internal security minister Avi Dichter as new home front defence minister, amid growing speculation about a potential Israeli attack on Iran. "Today, I decided to appoint Knesset member Avi Dichter to serve
Published 15 Aug, 2012 12:00am
Strikes cripple main Portuguese ports

Strikes cripple main Portuguese ports

Striking dockworkers crippled Portugal's main harbours Tuesday to protest government plans to alter working conditions as it tries to make the recession-struck country more competitive. The strike, which started early Tuesday morning, most notably impacte
Published 15 Aug, 2012 12:00am
Hamburg to recognise Islamic holidays

Hamburg to recognise Islamic holidays

Authorities in Hamburg have become the first in Germany to officially recognise Islamic holidays so Muslim employees and students can celebrate them at home. The decision forms part of an agreement between the north German city and local Muslim groups. Si
Published 15 Aug, 2012 12:00am
Russia to send navy vessels to disputed Pacific islands

Russia to send navy vessels to disputed Pacific islands

Russia will send two navy vessels to the disputed Kuril islands in the Pacific, the Defence Ministry said on Tuesday, in a move likely to anger Japan which lays claim to them. The dispute has strained relations between the two countries since World War Tw
Published 15 Aug, 2012 12:00am
Iranian pair rescued from quakes after three days

Iranian pair rescued from quakes after three days

Two people were pulled out alive from the rubble on Tuesday three days after weekend quakes levelled villages in north-western Iran, state media reported, and well after authorities halted rescue operations. The two were plucked from the smashed remains o
Published 15 Aug, 2012 12:00am
US military to test hypersonic vehicle over Pacific

US military to test hypersonic vehicle over Pacific

The US military plans to launch a hypersonic unmanned vehicle in a test flight Tuesday over the Pacific, with the X-51A due to reach mind-boggling speeds of Mach 6, a spokesman said. The Waverider, which resembles a missile with a flat nose, will be dropp
Published 15 Aug, 2012 12:00am
North Korea may complete reactor next year: think tank

North Korea may complete reactor next year: think tank

North Korea may finish work by late 2013 on a light-water reactor that could be used to support its nuclear weapons program, a US think tank said Tuesday. The Institute for Science and International Security published satellite images taken in May and Jun
Published 15 Aug, 2012 12:00am
Violent attacks in Kazakh park kill 11

Violent attacks in Kazakh park kill 11

Police in Kazakhstan said Tuesday they had discovered the charred and stabbed remains of 11 bodies scattered over large stretches of a remote park popular with international climbers and hikers. Police said a European man was among the victims found Monda
Published 15 Aug, 2012 12:00am
Indian yoga guru ends anti-graft hunger strike

Indian yoga guru ends anti-graft hunger strike

An Indian yoga guru on Tuesday ended a six-day hunger strike against corruption but vowed to use his public popularity to pile pressure on Prime Minister Manmohan Singh. Baba Ramdev, a maverick "holy man" who heads a wealthy international yoga organisatio
Published 15 Aug, 2012 12:00am
West Europe wheat harvest picks up

West Europe wheat harvest picks up

Clearer weather in the past week has allowed wheat harvesting to accelerate in France and Germany and to get underway in the UK, with concerns continuing that crop quality will be mixed after a damp summer so far in some key grain belts. Rain in late spri
Published 15 Aug, 2012 12:00am
Shanghai copper edges up

Shanghai copper edges up

The most active November copper contract on the Shanghai Futures Exchange edged up 0.3 percent to 54,620 yuan ($8,600) per tonne on Tuesday, with gains limited by investors rolling their November contracts to December. But gains are likely to be checked b
Published 15 Aug, 2012 12:00am
Copper springs back

Copper springs back

Copper broke a four-day losing streak on Tuesday, rising modestly after better-than-expected French and German growth data, but a firm dollar after a report showing forecast-beating US retail sales kept a lid on metals prices. Three-month copper on the Lo
Published 15 Aug, 2012 12:00am
Brent oil at three-month high

Brent oil at three-month high

Brent oil futures ended at a fresh three-month high on Tuesday as strong US retail sales, tighter North Sea crude supplies and speculation about economic stimulus outweighed weak euro zone growth data. US crude futures closed nearly 1 percent higher after
Published 15 Aug, 2012 12:00am
Tokyo rubber tumbles

Tokyo rubber tumbles

Tokyo rubber futures tumbled nearly 4 percent to the lowest since October 2009 on Tuesday as stop-loss selling emerged as the market fell on concerns about weaker demand after Japan released soft GDP data, dealers said. The benchmark rubber contract on th
Published 15 Aug, 2012 12:00am
Soya and corn slip

Soya and corn slip

US new-crop soyabean futures fell more than 2 percent on Monday as improving weather in the Midwest crop belt brightened crop prospects and helped trigger a round of fund long liquidation. Wheat extended losses to 6 percent over two sessions and fell to a
Published 15 Aug, 2012 12:00am
Palm oil plummets

Palm oil plummets

Malaysian crude palm oil futures hit a fresh 10-month low on Tuesday as improving output and slower exports in the Southeast Asian country stirred concerns over swelling stocks. On top of that, recent rains in the United States that could raise harvest fo
Published 15 Aug, 2012 12:00am
Cocoa and sugar up

Cocoa and sugar up

Cocoa futures clawed their way higher on Tuesday, climbing back toward nine-month highs after the previous session's tumble, as funds bought the market, betting prices could rise further due to the risk that El Nino weather could curb production later thi
Published 15 Aug, 2012 12:00am
Gold falls in New York

Gold falls in New York

Gold fell on Monday as lingering uncertainty about whether central banks will take further steps to boost their economies prompted investors to take profits after the previous week's gain. Weaker US equities and losses in commodities led by grains also dr
Published 15 Aug, 2012 12:00am
Gold gains in Asia

Gold gains in Asia

Gold rose on Tuesday, tracking a firm euro, as a slightly better-than-expected growth data from Germany and France helped ease concerns about the two biggest economies of the euro zone. Spot gold rose 0.4 percent to $1,615.20 an ounce by 0736 GMT, after l
Published 15 Aug, 2012 12:00am
Gold drops in Europe

Gold drops in Europe

Gold prices fell nearly 1 percent on Tuesday, with a breach of support near $1,605 an ounce triggering technical selling, after forecast-beating US retail sales data dampened speculation of another round of monetary easing and lifted the dollar. Platinum
Published 15 Aug, 2012 12:00am
US MIDDAY: wheat sags

US MIDDAY: wheat sags

US wheat futures fell for a third session on Tuesday, erasing early strength and setting a one-month low after Egypt bought Russian and Ukrainian wheat at an international tender and sent a signal that US grain was overpriced, traders said. Soyabeans and
Published 15 Aug, 2012 12:00am
US MIDDAY: gold down

US MIDDAY: gold down

Gold prices fell about 0.5 percent on Tuesday as healthy US retail sales data prompted bullion investors to scale back their bets based on expectations of imminent stimulus from the Federal Reserve. Platinum group metal prices rose on supply worries due t
Published 15 Aug, 2012 12:00am
Chief minister hoists flag in Malik Saad Police Lines

Chief minister hoists flag in Malik Saad Police Lines

Chief Minister Khyber Pakhtunkhwa, Ameer Haider Khan Hoti here on Tuesday hoisted flag on 66th Independence Day in a colourful ceremony held at Malik Saad Police Lines. The ceremony was arranged by City District Government and attended by Senior Minister
Published 15 Aug, 2012 12:00am
Special security measures arranged for Independence Day

Special security measures arranged for Independence Day

The law enforcement agencies on Tuesday made extraordinary security arrangements across the city for Independence Day to avert any untoward incident. All roads leading to the sensitive installations, shopping centres, big markets were put under tight secu
Published 15 Aug, 2012 12:00am
PAF joins hands with nation to celebrate Independence Day

PAF joins hands with nation to celebrate Independence Day

Pakistan Air Force joined hands with the nation to celebrate 66th Independence Day of the country with due fervour and dignity. The Day commenced with offering of special "Dua" in mosques of Pakistan Air Force all over the country after the Fajr prayers.
Published 15 Aug, 2012 12:00am
President confers non-operational military awards on 35 PAF officers

President confers non-operational military awards on 35 PAF officers

The President of Pakistan has conferred non-operational military awards upon 35 officers of Pakistan Air Force on the occasion of 66th Independence Day of Pakistan. The awards include two Hilal-e-Imtiaz (Military), 13 Sitara-e-Imtiaz (Military), 12 Tamgha
Published 15 Aug, 2012 12:00am
Independence Day celebrated in twin cities with zeal

Independence Day celebrated in twin cities with zeal

The Independence Day was celebrated in twin cities of Rawalpindi and Islamabad on Tuesday with great zeal and enthusiasm. The celebrations started with a 31-gun salute at the federal capital. National flags were hoisted on government and private buildings
Published 15 Aug, 2012 12:00am
Country celebrates 66th Independence Day

Country celebrates 66th Independence Day

The 66th Independence Day was celebrated on Tuesday with fervour and a renewed pledge to work for the country's progress and prosperity. The day dawned with a 31-gun salute in the federal capital and 21-gun salute at all provincial capitals. Special praye
Published 15 Aug, 2012 12:00am
Fauji Cement Company Limited

Fauji Cement Company Limited

Fauji Cement Company, headquartered in Rawalpindi, has a cement plant at Jhang Bahtar, Tehsil Fateh Jang, district Attock in the province of Punjab. The Company is sponsored by the Fauji Foundation, and was incorporated in Rawalpindi in 1992. The annual p
Published 15 Aug, 2012 12:00am
Fauji Cement Company Limited

Fauji Cement Company Limited

Fauji Cement Company, headquartered in Rawalpindi, has a cement plant at Jhang Bahtar, Tehsil Fateh Jang, district Attock in the province of Punjab. The Company is sponsored by the Fauji Foundation, and was incorporated in Rawalpindi in 1992. The annual p
Published 15 Aug, 2012 12:00am
Motorway Police celebrates 66th Independence Day

Motorway Police celebrates 66th Independence Day

The National Highways and Motorway Police (NHMP) N-5 Central celebrated the Independence Day with national spirit and zeal, making extraordinary arrangements to celebrate the day with commuters.
Published 15 Aug, 2012 12:00am
Celebrations held at educational institutions

Celebrations held at educational institutions

Educational institutions in the city celebrated the Independence Day with zeal and fervour. Vice-chancellors of various universities and principals of colleges and schools urged students to work for the country's betterment, as envisioned by Allama Iqbal
Published 15 Aug, 2012 12:00am
Magnificent ceremony held at Wapda House

Magnificent ceremony held at Wapda House

A graceful yet magnificent ceremony was held here at Wapda House on Tuesday to celebrate the Independence Day with national zeal. Wapda Chairman Shakil Durrani was the chief guest, who hoisted the national flag, followed by the national anthem by Wapda sc
Published 15 Aug, 2012 12:00am
Weather turned pleasant

Weather turned pleasant

The mid-August hot and humid weather turned very pleasant on the Independence Day after scattered rains in many cities and towns across the country enabling the people to celebrate the day in a befitting manner. Hundreds of thousands youth came out on the
Published 15 Aug, 2012 12:00am
Tributes paid to Pakistan Movement's martyrs

Tributes paid to Pakistan Movement's martyrs

DGIR and Regional Director College of Physician and Surgeons Pakistan (CPSP), Professor Khalid Masood Gondal hoisted national flag on the occasion of 66th Independence Day at CPSP, Regional Centre, Lahore. Professor Khalid Masood Gondal paying tribute to
Published 15 Aug, 2012 12:00am
Festive mood pervades Faisalabad

Festive mood pervades Faisalabad

The 66th Independence Day celebrations were observed throughout Faisalabad Division with national enthusiasm and fervour. The day was dawn with the recitation of Holy Quran in the main mosques and prayers for the martyrs of Pakistan Movement. The main fun
Published 15 Aug, 2012 12:00am
APML's message

APML's message

All Pakistan Muslim League's (APML) central Information Secretary Aasia Ishaq has said Pakistan is invincible and created to live forever. Aasia said, "Today on 66th Independence Day, we should reiterate our commitment to make Pakistan prosperous through
Published 15 Aug, 2012 12:00am
All institutions must work for democracy: Khosa

All institutions must work for democracy: Khosa

Punjab Governor Sardar Latif Khan Khosa here on Tuesday said that all the institutions including judiciary must play their role, while working together and in harmony for promoting democratic system that guarantees Pakistan's survival and development.
Published 15 Aug, 2012 12:00am
Bhootani urges steps to steer Balochistan out of crisis

Bhootani urges steps to steer Balochistan out of crisis

Speaker Balochistan Assembly Muhammad Aslam Bhootani has emphasised the need to take concreted measures to steer Balochistan province out of crisis. He was addressing a gathering in the provincial assembly premises here on Tuesday on the occasion of Natio
Published 15 Aug, 2012 12:00am
Karachi universities celebrate Independence Day

Karachi universities celebrate Independence Day

The 65th Independence Day was celebrated at public sector universities in Karachi, including University of Karachi, Dow University of Health Sciences (DUHS) and Benazir Bhutto Shaheed University (BBSU) in Lyari, with national fervour and zeal. At a flag-h
Published 15 Aug, 2012 12:00am
I will be with people of country on next Independence Day: Musharraf

I will be with people of country on next Independence Day: Musharraf

Pervaiz Musharraf, Chief of AMPL announced on Tuesday that he would be with people of the country on the next Independence Day (August 14, 2013). This he said in his video message released on the eve of 66th Independence Day. The APML leaders celebrated 6
Published 15 Aug, 2012 12:00am
MQM unfurls flag at Nine-Zero

MQM unfurls flag at Nine-Zero

The national flag was unfurled at MQM's headquarters, also known as Nine-Zero, commemorating the 66th anniversary of the country's Independence Day. Special prayers were offered for national security, stability and integrity. Deputy Convenor of Muttahida
Published 15 Aug, 2012 12:00am
Ibad and Qaim attend Independence Day ceremony

Ibad and Qaim attend Independence Day ceremony

Main ceremony of the Independence Day held at the mausoleum of founder of Pakistan, Quaid-e-Azam Muhammad Ali Jinnah, where people from all walks of life paid homage to father of the nation on this historic day. The flag hoisting ceremony was attended by
Published 15 Aug, 2012 12:00am
Independence Day celebrated in Hyderabad

Independence Day celebrated in Hyderabad

The district administration of Hyderabad organised a flag hoisting ceremony at the Zila Nazim Secretariat here Tuesday to mark the country's 66th Independence Day. On the occasion, the personnel of district police presented a guard of honour while the sch
Published 15 Aug, 2012 12:00am
PIA celebrates Independence Day

PIA celebrates Independence Day

PIA Chairman Air Chief Marshal Rao Qamar Suleman (Retd) has stressed upon PIA employees to work with dedication and true spirit of independence for the national flag carrier to make the nation proud of the airline. "We the family of PIA must work hard wit
Published 15 Aug, 2012 12:00am
SBP Governor urges nation to follow Quaid's vision

SBP Governor urges nation to follow Quaid's vision

Governor State Bank of Pakistan (SBP) Yaseen Anwar has said that it is our duty to transform the country into a truly developed state as envisioned by father of the nation, Quaid-e-Azam Muhammad Ali Jinnah. Speaking at the National flag hoisting ceremony
Published 15 Aug, 2012 12:00am
Independence Day celebrated in befitting manner

Independence Day celebrated in befitting manner

The 66th Independence Day of Pakistan was celebrated with due exuberance, national spirit and pomp and show throughout the Southern Punjab on Tuesday. Pakistan Muslim League-N Multan city and District, PML-Q, All Pakistan Muslim League, Pakistan Patriot F
Published 15 Aug, 2012 12:00am
Pakistan's Independence Day celebrated in various countries

Pakistan's Independence Day celebrated in various countries

The 66thanniversary of Independence Day of Pakistan was commemorated with traditional enthusiasm and zest at Pakistan High Commission in Malaysia in a simple but impressive ceremony attended by a large number of Pakistanis living in Malaysia, says a press
Published 15 Aug, 2012 12:00am
Independence Day celebrated in Tehran

Independence Day celebrated in Tehran

The Pakistani community in Tehran, Iran, celebrated the 66th Independence Day of Pakistan with great fervour and enthusiasm on Tuesday. Ambassador of Pakistan to Iran Khalid Aziz Babar hoisted the National Flag at Pakistan House to mark the occasion, said
Published 15 Aug, 2012 12:00am
Independence Day of Pakistan celebrated in Ankara

Independence Day of Pakistan celebrated in Ankara

The 66th Independence Day of Pakistan was commemorated at Pakistan Embassy here on Monday. Ambassador of Pakistan Muhammad Haroon Shaukat unfurled the national flag on the tune of national anthem in the presence of Pakistani community and embassy official
Published 15 Aug, 2012 12:00am
National flag hoisted at Pakistan House in New York

National flag hoisted at Pakistan House in New York

The national flag was hoisted at the Pakistan house in New York Tuesday to mark the 66th anniversary of the country's establishment as an independent, sovereign nation. As the national anthem was played, Pakistan's Consul General Faqir Asif Hussain and th
Published 15 Aug, 2012 12:00am
A tribute to children

A tribute to children

Imagine Syed Rehan Ahmed of the Institute of Business Management (IoBM) among "Top 99 Business Administration and Management Students of the world" at a largely and keenly contested international competition for business institutions organised by Nyenrode
Published 15 Aug, 2012 12:00am
Japan Greens hope to ride anti-nuclear wave to parliament

Japan Greens hope to ride anti-nuclear wave to parliament

With anti-nuclear sentiment riding high in Japan, a former citizens' group is trying to make the shift to a full-fledged political party. Greens Japan in late July said it would field candidates in the next elections on an environmental platform that incl
Published 15 Aug, 2012 12:00am
Afghan 'insider attacks' raise Nato alarm levels

Afghan 'insider attacks' raise Nato alarm levels

Early August 10, an Afghan police commander killed three US soldiers whom he had invited for dinner the night before. The same evening, an assistant to the district police chief attacked and killed three US soldiers in a joint base of the Afghan and inter
Published 15 Aug, 2012 12:00am
Politics of transition

Politics of transition

As the people of Pakistan brace sufferings of sorts and confront the myriad of problems with its attendant consequences, the country completes sixty-five years of its existence. The ruling elite, the common man, the intellectuals, the business community,
Published 15 Aug, 2012 12:00am
Polio persistence

Polio persistence

News on the polio eradication front remains disappointing although reports indicate there has been a significant decline in the number of reported cases. During the recent days, two new cases came to light in Charsadda and Peshawar. The victims apparently
Published 15 Aug, 2012 12:00am
IMF and Pakistan

IMF and Pakistan

According to a report carried by a section of the press, the International Monetary Fund (IMF) in a draft report stated that active political support is required at the highest level to implement essential reforms in Pakistan and that it would be worthwhi
Published 15 Aug, 2012 12:00am
PIAF-Founders Alliance initiates campaign for LCCI polls

PIAF-Founders Alliance initiates campaign for LCCI polls

PIAF-Founders Alliance on Tuesday kick started its election campaign after finalising a well-tailored election strategy for the upcoming LCCI polls scheduled for September 19 and 20. At a meeting jointly headed by Chairman PIAF-Founders Alliance Mian Moha
Published 15 Aug, 2012 12:00am
144 bottles of wine, 60 liters of alcohol seized

144 bottles of wine, 60 liters of alcohol seized

The Crime Investigation Agency of Islamabad police raided a distillery in Sector G-7/2 and recovered 144 bottles of wine, 60 liter alcohol, 6,000 stickers, lids, empty wine bottles and brewing equipment, a police spokesman said on Tuesday. On a tip off, t
Published 15 Aug, 2012 12:00am
Fata MPs hail decision to introduce LG system

Fata MPs hail decision to introduce LG system

A Fata delegation comprising Senators and Members of the National Assembly led by Haji Munir Khan Orakzai, MNA, called on Prime Minister Raja Pervez Ashraf at Prime Minister House on Tuesday. Haji Munir Khan Orakzai congratulated the Prime Minister on the
Published 15 Aug, 2012 12:00am
0.547 million tons of fertiliser being imported for Kharif 2012

0.547 million tons of fertiliser being imported for Kharif 2012

The government plans to import 0.547 million tons of urea and Diammonium Phosphate (DAP) to meet fertiliser demand during Kharif crop season. Of the total, 0.190 million tons of urea and 0.407 million tons of DAP is being imported.
Published 15 Aug, 2012 12:00am
Paapam appreciates SBP's move to reduce discount rate

Paapam appreciates SBP's move to reduce discount rate

The auto parts manufacturers, appreciating the State Bank's move to reduce discount rate by 150 basis points, urged the central bank to bring it down to single digit, as banking spread at 10.5 percent policy rate is still high after including KIBOR, makin
Published 15 Aug, 2012 12:00am
Safma team meets Punjab governor

Safma team meets Punjab governor

A 22 member South Asian Free Media Association (Safma) delegation from India led by Safma India general secretary Satish Jacob called on Punjab Governor Sardar Latif Khan Khosa at Governors House and discussed various issues including Kashmir and water di
Published 15 Aug, 2012 12:00am
Irsa releases 283,530 cusecs of water

Irsa releases 283,530 cusecs of water

The Indus River System Authority (Irsa) on Tuesday released 283,530 cusecs water from various rim stations with inflow of 278,584 cusecs. According to the data released by IRSA, the maximum water level in River Indus at Tarbela was 1493.64 feet which was
Published 15 Aug, 2012 12:00am
'UAE providing $120 million for social sectors projects'

'UAE providing $120 million for social sectors projects'

UAE Ambassador to Pakistan Essa Abdulla Al Basha Al Noaimi on Tuesday said that UAE is providing $120 million funds for social sectors projects to help the country improve health and education facilities. Speaking at an Iftar-dinner hosted by the UAE emba
Published 15 Aug, 2012 12:00am
Section 153-A: FBR yet to issue modalities for tax collection

Section 153-A: FBR yet to issue modalities for tax collection

The Federal Board of Revenue is yet to issue modalities for collection of income tax under section 153-A of recently introduced Finance Act, 2012. Jawed Bilwani, Chairman Pakistan Apparel Forum told Business Recorder on Tuesday that section 153-A r
Published 15 Aug, 2012 12:00am
'Pakistan offers high profitability margins, return on equity'

'Pakistan offers high profitability margins, return on equity'

Agriculture Forum Pakistan Chairman Muhammad Ibrahim Mughal said here on Tuesday that Pakistan offers high profitability margins and a return on equity at 20 percent unmatched by any country in the region. In a statement, Mughal claimed that according to
Published 15 Aug, 2012 12:00am
Minister expresses concern over civic problems

Minister expresses concern over civic problems

Provincial Minister, Raza Haroon has expressed concern over the water supply, drainage and cleanliness issues affecting the residents of the city. The minister chaired a meeting of the officials of the district administration, Water and Sanitation Agency
Published 15 Aug, 2012 12:00am
PHMA rejects 15 percent increase in industrial gas tariff

PHMA rejects 15 percent increase in industrial gas tariff

Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has rejected 15 percent increase in industrial gas tariff, saying that it is unjustified hence unacceptable. Chairman PHMA North Zone Usman Jawaad said that value added knitwear garment indus
Published 15 Aug, 2012 12:00am
Unfair gas distribution policy has crippled fertiliser sector: FMPAC

Unfair gas distribution policy has crippled fertiliser sector: FMPAC

Unjustifiable distribution policy of natural gas has crippled fertiliser sector in the last couple of years, reducing production of urea to bare minimum if compared with installed capacity and turning SNGPL based plants in to loss-making entities from pro
Published 15 Aug, 2012 12:00am
Residents protest alleged shifting of power transformer

Residents protest alleged shifting of power transformer

The residents of the two union councils of Sulemankhel and Sheikh Mohammadi, district Peshawar on Tuesday staged a protest demonstration against the alleged shifting of power transformer from Sheikh Mohammadi Grid Station to Mardan and termed it a sheer i
Published 15 Aug, 2012 12:00am
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