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Print - 2013-03-08
French unemployment rises again to highest since 1999

French unemployment rises again to highest since 1999

France's jobless rate hit its highest level in more than 13 years in the last quarter of 2012, underscoring the challenge the government faces over its pledge to reverse the upward trend by year-end. Thursday's official data prompted a renewed government
Published 08 Mar, 2013 12:00am
Time Warner to spin out its magazine unit

Time Warner to spin out its magazine unit

Time Warner Inc will soon be without the magazine unit that provided the foundation for the company and the first part of its name. Time Inc, the division that publishes titles like Time, Fortune and People, will be spun off into a separate company, Time
Published 08 Mar, 2013 12:00am
BoE leaves interest rate, stimulus on hold

BoE leaves interest rate, stimulus on hold

The Bank of England on Thursday voted at a regular policy meeting to hold its reference interest rate at a record-low 0.50 percent, where it has stood for four years, and opted against increasing its cash stimulus programme to boost a British economy on t
Published 08 Mar, 2013 12:00am
BoE leaves interest rate, stimulus on hold

BoE leaves interest rate, stimulus on hold

The Bank of England on Thursday voted at a regular policy meeting to hold its reference interest rate at a record-low 0.50 percent, where it has stood for four years, and opted against increasing its cash stimulus programme to boost a British economy on t
Published 08 Mar, 2013 12:00am
Banks face accounting drive to recognise losses earlier

Banks face accounting drive to recognise losses earlier

Banks will have to find billions more dollars under a proposed new accounting rule that aims to make them recognise losses on souring loans and bonds more quickly and protect taxpayers from a repeat of the financial crisis.
Published 08 Mar, 2013 12:00am
Banks face accounting drive to recognise losses earlier

Banks face accounting drive to recognise losses earlier

Banks will have to find billions more dollars under a proposed new accounting rule that aims to make them recognise losses on souring loans and bonds more quickly and protect taxpayers from a repeat of the financial crisis.
Published 08 Mar, 2013 12:00am
At Chavez's coffin, Venezuelans vow more revolution

At Chavez's coffin, Venezuelans vow more revolution

Saluting, clenching fists and making the Roman Catholic sign of the cross over Hugo Chavez's open casket, Venezuelans crowded on Thursday to see their deceased leader one last time and pledge that his socialist revolution will not die. Tens of thousands o
Published 08 Mar, 2013 12:00am
Iraq's parliament approves $119.1 billion budget

Iraq's parliament approves $119.1 billion budget

Iraq's parliament approved on Thursday a $119.1 billion (91.6 billion euro) budget for 2013 after weeks of delay, but Kurdish representatives and most members of the main Sunni-backed bloc did not attend, MPs said. Parliament has struggled to pass even ke
Published 08 Mar, 2013 12:00am
North Korea threatens nuclear strike, UN expands sanctions

North Korea threatens nuclear strike, UN expands sanctions

North Korea threatened the United States on Thursday with a pre-emptive nuclear strike, raising the level of rhetoric just before the UN Security Council approved new sanctions against the reclusive country. The White House said North Korea's threats woul
Published 08 Mar, 2013 12:00am
Senator's filibuster of CIA pick ends after 12 hours

Senator's filibuster of CIA pick ends after 12 hours

A Republican senator seeking to block President Barack Obama's pick to lead the CIA over concerns about drone strikes on US soil completed a nearly 13-hour speaking filibuster early Thursday. In a remarkable display highlighting the partisan rift in Washi
Published 08 Mar, 2013 12:00am
Syrian rebels want troop pullback before they free UN men

Syrian rebels want troop pullback before they free UN men

Rebels holding 21 UN peacekeepers near the Golan Heights in southern Syria say government forces must leave the area before they free their "guests", an activist in touch with the fighters said on Thursday. Rami Abdelrahman of the Syrian Observatory for H
Published 08 Mar, 2013 12:00am
Berlusconi gets jail over wiretap leaks

Berlusconi gets jail over wiretap leaks

An Italian court on Thursday sentenced former prime minister Silvio Berlusconi to a year in prison over the publication of leaked transcripts from a police wiretap in a newspaper in his media empire. The billionaire media tycoon, who faces two more verdic
Published 08 Mar, 2013 12:00am
Swiss top WEF competition list for tourism, leisure

Swiss top WEF competition list for tourism, leisure

Switzerland has the globe's most competitive travel and tourism sector owing to high quality transportion and hotels, skilled workers and rich natural resources, the Swiss-based World Economic Forum said Thursday. In a biennial, 140-country ranking of com
Published 08 Mar, 2013 12:00am
Governments falling short in drought fight: UN

Governments falling short in drought fight: UN

Governments world-wide are failing to do enough to tackle drought, which lacks the headline-making punch of a hurricane but can have an equally devastating human and economic impact, the UN weather agency warned Thursday. "A flood or hurricane is over wit
Published 08 Mar, 2013 12:00am
Indian parties fail to reach consensus on key land reform bill

Indian parties fail to reach consensus on key land reform bill

Indian political parties failed on Thursday to agree on how to compensate farmers for land acquired for infrastructure and industrial projects, dashing market hopes of a breakthrough. The government wants parliament to pass a bill aimed at speeding up doz
Published 08 Mar, 2013 12:00am
Malaysia incursion toll rises to 60

Malaysia incursion toll rises to 60

Malaysia said clashes between intruding Filipino militants and its security forces had left 60 people dead as of late Thursday, as it rejected a cease-fire offer from the fighters' leader. Police chief Ismail Omar said 32 followers of a self-proclaimed Ph
Published 08 Mar, 2013 12:00am
Saudi Arabia jails 21 after deadly floods

Saudi Arabia jails 21 after deadly floods

A Saudi court has jailed 21 people, including at least one government official, after houses were built on flood-prone land, leading to more than 100 deaths by drowning, local media reported on Thursday. The rulings came nearly a year after two men were j
Published 08 Mar, 2013 12:00am
Pillay calls for global action on violence against women

Pillay calls for global action on violence against women

Efforts must be stepped up to fight crimes against women around the world in view of recent high-profile cases, UN human rights chief Navi Pillay said Thursday in Geneva, ahead of International Women's Day. The UN High Commissioner for Human Rights welcom
Published 08 Mar, 2013 12:00am
New York cotton hits 10-month high

New York cotton hits 10-month high

Cotton prices gained for a seventh straight session on Wednesday, touching a 10-month high, as expectations of strong demand and mill buying supported a recent rally that has been fuelled by speculators' bullish investment. The most-active May cotton cont
Published 08 Mar, 2013 12:00am
Shanghai copper falls

Shanghai copper falls

The most-traded June copper contract on the Shanghai Futures Exchange fell 0.60 percent to close at 56,530 yuan ($9,100) a tonne on Thursday. It earlier fell to 56,240, within reach of a three-month low of 56,060 yuan hit on Friday. "While the global envi
Published 08 Mar, 2013 12:00am
Copper, aluminium prices rebound

Copper, aluminium prices rebound

Copper and aluminium prices rebounded on Thursday, lifted by a strong euro and better-than-expected US data that boosted the outlook for growth, but slow demand from top consumer China may keep further gains in check. Three-month copper on the London Meta
Published 08 Mar, 2013 12:00am
US crude surges

US crude surges

US crude rose on Thursday by about a dollar a barrel on jobless claims falling unexpectedly in the United States and a weakening dollar, while Brent prices dropped slightly after a North Sea pipeline restarted following a shutdown. The drop in last week's
Published 08 Mar, 2013 12:00am
Tokyo rubber rises

Tokyo rubber rises

Tokyo rubber futures rose to a one-week high on Thursday as a weaker Japanese yen made them more expensive, but gains were still capped by profit-taking, dealers said. Technical sentiment on TOCOM improved after prices broke above a major resistance level
Published 08 Mar, 2013 12:00am
Wheat, new-crop corn sink

Wheat, new-crop corn sink

US wheat and new-crop corn futures sank to their lowest level in nearly nine months on Wednesday as heavy snows eased dryness in key growing areas and boosted production estimates. Optimism for upcoming harvests soared after a storm dumped 5 to 10 inches
Published 08 Mar, 2013 12:00am
Palm oil moves up

Palm oil moves up

Malaysian palm oil futures rose to a one-week high on Thursday, drawing support from expectations of a bullish industry report and a lower palm oil inventory level, although gains were curbed by investor caution. Traders are looking ahead to Friday's US D
Published 08 Mar, 2013 12:00am
Cocoa climbs

Cocoa climbs

Cocoa futures on ICE posted the largest daily gain in a month near midday, after sinking to a nine-month low early on Thursday, supported by a weaker dollar and by ideas recent declines were seen as overdone amid expectations of an impending supply defici
Published 08 Mar, 2013 12:00am
Gold soars in New York

Gold soars in New York

Gold rose on Wednesday, but analysts expect the breakout in Wall Street stocks to new highs and data showing an improving US economy to pressure the precious metal's safe-haven appeal. "You are going to get less people interested in defensive plays like t
Published 08 Mar, 2013 12:00am
Gold little changed in Asia

Gold little changed in Asia

Gold traded little changed on Thursday, unable to break above a key resistance at $1,585 an ounce, as investors wait for major central banks' decisions on monetary policy and a firmer dollar weighed on sentiment. Spot gold was little changed at $1,584.31
Published 08 Mar, 2013 12:00am
Gold slips in Europe

Gold slips in Europe

Gold prices slipped on Thursday after the European Central Bank (ECB) gave no clear hints of further monetary easing and the Bank of England opted not to restart gilt purchases, with a weakening dollar offering only limited support. The euro rallied more
Published 08 Mar, 2013 12:00am
US MIDDAY: wheat higher

US MIDDAY: wheat higher

US wheat futures edged higher early on Thursday, in a rebound from a nearly nine-month low and as traders waited for the government to update supply estimates. Traders bought back some previously sold positions the day after the most-active wheat contract
Published 08 Mar, 2013 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold fell early on Thursday after the European Central Bank and the Bank of England did not hint at more economic stimulus, and as encouraging US jobless claims data fuelled optimism about the upcoming nonfarm payrolls report. The metal's 0.5 percent decl
Published 08 Mar, 2013 12:00am
Violence against women - II

Violence against women - II

During the last 65 years, experiments have been made apparently in the vast interest of public, either on the basis of doctrine of necessity or the parliamentary, presidential, dictatorial and basic democracy as conceived by the foreign power.
Published 08 Mar, 2013 12:00am
Women empowerment and BISP

Women empowerment and BISP

While marking International Women's Day, I would like to recall that mainstreaming of women and their socio-economic uplift was envisaged as one of the prime objectives of BISP at the very beginning of this unique initiative in the social sector besides p
Published 08 Mar, 2013 12:00am
Remembering March 9, 2007

Remembering March 9, 2007

March 9, 2007 was, undoubtedly, a tragic day in our history - it was not mere barring the Chief Justice of Pakistan (CJP) from performing his duties on filing of reference under Article 209 of the Constitution but a show of brutal power by a man in unifor
Published 08 Mar, 2013 12:00am
Restoring peace to Karachi

Restoring peace to Karachi

Violence in Karachi having reached the level it has, even rumours can send the entire city in a state of panic. That is what happened on Wednesday in the wake of the MQM's call for an indefinite shutter-down strike all over Sindh until the perpetrators of
Published 08 Mar, 2013 12:00am
Towards general election

Towards general election

Well respected non-governmental organisation Pildat and Gallup jointly undertook a survey to forecast the political weather in Pakistan and determine the voting patterns in 300 villages and 200 urban locations with a sample size of 10,000 - well above the
Published 08 Mar, 2013 12:00am
SSUET convocation on March 26

SSUET convocation on March 26

The Convocation-2013 of Sir Syed University of Engineering and Technology (SSUET) will be held on March 26 at Expo Center. Arrangements for the 16th convocation were reviewed at a meeting chaired by Chancellor Z.A. Nizami and attended, among others, by Vi
Published 08 Mar, 2013 12:00am
Pacra upgrades SCLL rating

Pacra upgrades SCLL rating

Pakistan Credit Rating Agency (Pacra) has upgraded long-term rating of Standard Chartered Leasing Limited (SCLL) to AA+ (double A plus) [Previous: AA] while short-term rating has been maintained at A1+ (A one plus). The ratings denote a very low expectati
Published 08 Mar, 2013 12:00am
Pacra upgrades SCLL rating

Pacra upgrades SCLL rating

Pakistan Credit Rating Agency (Pacra) has upgraded long-term rating of Standard Chartered Leasing Limited (SCLL) to AA+ (double A plus) [Previous: AA] while short-term rating has been maintained at A1+ (A one plus). The ratings denote a very low expectati
Published 08 Mar, 2013 12:00am
EU team visits fish harbour

EU team visits fish harbour

Pierre Mayaudon, Deputy Head of Delegation of European Union (EU) to Pakistan along with Husnain Iftikhar, Senior Trade Advisor of Delegation of European Union (EU) to Pakistan visited the Karachi Fish Harbour on Thursday. On his arrival Shaukat Hussain,
Published 08 Mar, 2013 12:00am
Uks-APNS 2013 media awards announced

Uks-APNS 2013 media awards announced

In the first initiative, Uks in collaboration with APNS announces the results of first ever 'Women in Media', awards exclusively for Pakistani women journalists. The awards will be presented on March 13, at a formal ceremony to be held in Karachi.
Published 08 Mar, 2013 12:00am
Netherlands wants to increase bilateral trade: embassy official

Netherlands wants to increase bilateral trade: embassy official

Netherlands wanted to increase trade on equality bases with Pakistan, said Robert Dresen, First Secretary, and Head of Economic Affairs at the Embassy of Netherlands in Islamabad. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI), h
Published 08 Mar, 2013 12:00am
KASB Foundation chairman meets Schroeder, Blair

KASB Foundation chairman meets Schroeder, Blair

Arif Ali Shah Bukhari, Chancellor of KASBIT and Chairman of KASB Foundation, called on former Chancellor Gerhard Schroeder of Germany, on the sidelines of the recently held YPO-WPO Global Leadership Conference in Istanbul, Turkey, according to a press rel
Published 08 Mar, 2013 12:00am
BoP decries TI Pakistan's allegations

BoP decries TI Pakistan's allegations

The Bank of Punjab (BoP) has decried Transparency International Pakistan's allegation regarding procurement of core banking system on turnkey basis. Group Head, Operations, BoP, Kamran Khalil in a fax message to Business Recorder said that TI-Pakis
Published 08 Mar, 2013 12:00am
High rise industrial complex: KCIP set to introduce most modern concept

High rise industrial complex: KCIP set to introduce most modern concept

The multi-billion rupees Korangi Creek Industrial Park (KCIP) is destined to give a feel of Dubai's skyline and comforts of Singapore Business Complexes. National Industrial Parks Development & Management Company (NIP), CEO Mohsin Syed told Business Re
Published 08 Mar, 2013 12:00am
MOL launches Growww2013 international graduate programme

MOL launches Growww2013 international graduate programme

MOL Group has launched Growww2013 to hire the best graduates and young talents from various professions from petroleum and mechanical engineers to geologist, economists and other business administration specialists. Apart from a general training programme
Published 08 Mar, 2013 12:00am
Car dealers expect election sales boost

Car dealers expect election sales boost

Motor dealers are expecting a huge surge in sales this month as political parties equip themselves for the upcoming election campaign. A caretaker set-up is scheduled to take over in less than two weeks from President Asif Ali Zardari's government, which
Published 08 Mar, 2013 12:00am
Former police chief may head Khyber Pakhtunkhwa interim set-up

Former police chief may head Khyber Pakhtunkhwa interim set-up

The coalition partners of Khyber Pakhtunkhwa government and opposition is likely to agree on the name of Abbas Khan, a former chief of provincial police to head the interim set-up for the upcoming general elections in the province.
Published 08 Mar, 2013 12:00am
CCP imposes Rs 25 million penalty on five universities

CCP imposes Rs 25 million penalty on five universities

The Competition Commission of Pakistan (CCP) has imposed a total penalty of Rs 25 million on five universities which were advertising un-accredited engineering programmes in violation of Section 10 of the Competition Act, 2010. In this regard, a CCP bench
Published 08 Mar, 2013 12:00am
No success in search for Polish climbers

No success in search for Polish climbers

Efforts to locate two Polish climbers missing on a Himalayan peak have proven unsuccessful until now, a tour operator said Thursday, amid growing concerns about their fate. Maciej Berbeka and Tomasz Kowalski went missing on their descent from 8,047-metre
Published 08 Mar, 2013 12:00am
Restoration of peace to be top priority: Khyber Pakhtunkhwa PTI

Restoration of peace to be top priority: Khyber Pakhtunkhwa PTI

The President of Pakistan Tehreek-e-Insaf in Khyber Pakhtunkhwa, Asad Qaiser said that if his party voted in next general election, the establishment of peace and normalcy will be top priority in this province. "PTI has been set a number of priorities to
Published 08 Mar, 2013 12:00am
Tax evaders, bank defaulters won't get tickets: PTI

Tax evaders, bank defaulters won't get tickets: PTI

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Thursday said that the PTI would not award party tickets to bank defaulters, tax evaders and corrupt politicians while the party would also move the supreme court if the PPP and PML-N jointly got the t
Published 08 Mar, 2013 12:00am
Gilgit-Baltistan government forms counter-terrorism force

Gilgit-Baltistan government forms counter-terrorism force

The Gilgit-Baltistan Home Department has formed a counter-terrorism unit in the wake of increasing terror threats. The counter-terrorism unit will comprise of 90 trained personnel. Meanwhile, the Home Department has expressed fears of a major terror attac
Published 08 Mar, 2013 12:00am
Iranian CG visits Peshawar University

Iranian CG visits Peshawar University

The Iranian Consul General in Peshawar, Hassan Darvishvand, called on the Vice Chancellor of University of Peshawar Dr Muhammad Rasul Jan and discussed with him matters of mutual interest including implementation of Memorandum of Understandings signed bet
Published 08 Mar, 2013 12:00am
Pakistan made great sacrifices: General Mattis

Pakistan made great sacrifices: General Mattis

The United States said that Pakistan is an important regional partner and continued Washington support for Islamabad is necessary to maintain military-to-military relationship on solid footing. This was stated by Commander US Central Command General James
Published 08 Mar, 2013 12:00am
PTI extends date for tickets' aspirants

PTI extends date for tickets' aspirants

Pakistan Tehreek-e-Insaf, after an overwhelming response from applicants for party tickets for National and Provincial Assemblies has extended the dates for accepting applications. In a press statement the party's Secretary General Dr Arif Alvi said that
Published 08 Mar, 2013 12:00am
Web-based customs system's launch notified

Web-based customs system's launch notified

The Federal Board of Revenue (FBR) has notified that the Web-Based One Customs (WEBOC) was launched on March 8 this year at all upcountry dry ports and customs stations and clearance of shipments would be done under the new system from the said date. In t
Published 08 Mar, 2013 12:00am
National Assembly panel presents report on tax laws bill

National Assembly panel presents report on tax laws bill

The National Assembly's Standing Committee Thursday presented its report on "Tax Laws (Amendment) Bill, 2012" in the Lower House to provide mechanism for bringing potential taxpayers into the tax net and to enforce compliance of tax laws by giving a one-t
Published 08 Mar, 2013 12:00am
Four of a family killed

Four of a family killed

As many as four persons of a family were killed over matrimonial issued here on Thursday, the police said. As per details, the incident occurred in Doltala area of Gujar Khan when four persons of a family were killed over a marriage conflict. The deceased
Published 08 Mar, 2013 12:00am
CNG stations in Sindh to remain closed today

CNG stations in Sindh to remain closed today

Sui Southern Gas Company (SSGC) has announced the schedule for closure of CNG stations for the current week. According to the media release of SSGC, all the CNG stations in Sindh will remain closed from 08:00 am on Friday 8th March 2013 till 08:00 am on S
Published 08 Mar, 2013 12:00am
PVMA seeks withdrawal of SROs

PVMA seeks withdrawal of SROs

Chairman, Pakistan Yarn Merchant Association (PVMA), Mohammad Iqbal Mandavia and members of the association have urged chairman Federal Board of Revenue (FBR) and Federal Finance Minister to withdraw SRO 140(1) 2013 and SRO 154(1) 2013. They said the impl
Published 08 Mar, 2013 12:00am
LHRLA launches 'Addressing GBV in Pakistan' project

LHRLA launches 'Addressing GBV in Pakistan' project

Lawyers for Human Rights and Legal Aid (LHRLA) in collaboration with Asian Development Bank (ADB) on Thursday launched a project titled 'Addressing Gender Based Violence (GBV) in Pakistan' here at local hotel on Friday. The ADB will provide assistance for
Published 08 Mar, 2013 12:00am
Delay in work at GBWSP: capital may face acute water shortage in summer

Delay in work at GBWSP: capital may face acute water shortage in summer

The residents of federal capital will face acute water shortage in the coming summer, as the Capital Development Authority (CDA) has been unable to start work on Ghazi Barotha Water Supply Project (GBWSP) or replace decade old water supply system. At pres
Published 08 Mar, 2013 12:00am
'Pakistan-Australia JTC meeting to be held after election'

'Pakistan-Australia JTC meeting to be held after election'

Australian High Commissioner, Peter Heyward, on Thursday informed business community that the next meeting of Pakistan-Australia Joint Trade Committee (JTC) would be held in Islamabad after the newly-elected government assumed charge. Speaking at a meetin
Published 08 Mar, 2013 12:00am
Olson meets Malik

Olson meets Malik

Ambassador of United States, Richard Olson called on Minister for Interior, Rehman Malik here on Thursday and discussed bilateral relations and matters of mutual interest. The US Ambassador appreciated Pakistan's efforts in the war against terrorism.
Published 08 Mar, 2013 12:00am
Sports federations responsible for talent hunt: minister

Sports federations responsible for talent hunt: minister

It is the responsibility of the national sports federations concerned to induct talented players in national teams, Minister of state for Inter-provincial Co-ordination Malik Azmat Khan informed the National Assembly on Thursday. Malik Azmat said that the
Published 08 Mar, 2013 12:00am
PSF demands leadership to award tickets to honest persons

PSF demands leadership to award tickets to honest persons

The members of People's Students Federation (PSF), district Chitral, have demanded of the party central and provincial leadership to award party ticket to honest and dedicated people for the upcoming general elections in the district Chitral.
Published 08 Mar, 2013 12:00am
Mir Javed Hashmat notified as Acting MD BoK

Mir Javed Hashmat notified as Acting MD BoK

The Govern-ment of Khyber Pakhtunkhwa Finance Department notified the appointment of Mir Javed Hashmat as Acting Managing Director, Bank of Khyber (BoK), says a press release issued here on Thursday. He was working as Executive Director of the Bank and jo
Published 08 Mar, 2013 12:00am
Mirwaiz asks 'helpless' Omar to resign, join movement

Mirwaiz asks 'helpless' Omar to resign, join movement

The Chairman of All Parties Hurriyet Conference in Indian occupied Kashmir Mirwaiz Umar Farooq has said that puppet Chief Minister, Omar Abdullah has no right to hold the office as he has himself admitted that he is helpless to stop the killing of the Kas
Published 08 Mar, 2013 12:00am
Shahrukh, three others indicted

Shahrukh, three others indicted

Shahrukh Jatoi and three other accused were indicted in the Shahzeb Khan murder case. Shahrukh Jatoi, Siraj Talpur, Sajjad Talpur and Ghulam Murtaa Lashari have been indicted in the murder of 20-year old Karachi youth Shahzeb Khan. Anti-Terrorism Court di
Published 08 Mar, 2013 12:00am
Land routes with Iran can help increase formal trade: Tariq

Land routes with Iran can help increase formal trade: Tariq

Tariq Sayeed, Chairman of the Pakistan Iran Business Council of FPCCI and former President of FPCCI and founder and former President of SAARC CCI has stressed the need for exchange in trade delegations and opening new land routes in Iran in order to incre
Published 08 Mar, 2013 12:00am
International Women's Day today

International Women's Day today

International Women's Day will be observed on March 8 across the world including Pakistan to celebrate women's achievements throughout history and across the nations. Thousands of events will be celebrated not just on this day but throughout March to mark
Published 08 Mar, 2013 12:00am
HRCP expresses solidarity with women

HRCP expresses solidarity with women

The Human Rights Commission of Pakistan (HRCP) expresses solidarity with the women on the eve of International Women Day, who are suffering due to growing violence and various forms of discrimination in the country. The rise in occurrence of ghastly incid
Published 08 Mar, 2013 12:00am
Government committed to women emancipation: President

Government committed to women emancipation: President

President Asif Ali Zardari has said the government is committed to women emancipation and protect them from all kinds of exploitation and discrimination. In his message on the International Women Day being observed world-wide including in Pakistan, the Pr
Published 08 Mar, 2013 12:00am
PAC seeks report on UNFPA funds embezzlement

PAC seeks report on UNFPA funds embezzlement

The National Assembly's Public Accounts Committee (PAC) on Thursday took up the case of embezzlement in the United Nations Population Fund (UNFPA) grant aid, which forced the executive director of UNFPA to write a letter to the President, asking him to in
Published 08 Mar, 2013 12:00am
Diamer-Bhasha dam gets excellent response

Diamer-Bhasha dam gets excellent response

In yet another significant development towards implementation of the multi-purpose Diamer-Bhasha Dam Project, three consortiums, comprising 20 renowned international and local firms, have submitted their proposals of consultancy services for construction
Published 08 Mar, 2013 12:00am
Punjab government, Novartis sign accord on cancer patients' treatment

Punjab government, Novartis sign accord on cancer patients' treatment

The Punjab government and the international institution Novartis signed a memorandum of understanding (MoU) to provide medical and healthcare to cancer patients. The MoU was signed by Secretary Health Arif Nadeem on behalf of Punjab government, while Coun
Published 08 Mar, 2013 12:00am
Moot rejects creation of new provinces on linguistic basis

Moot rejects creation of new provinces on linguistic basis

The two-day international Punjabi Conference has recommended that the new provinces in Pakistan must not be established on the basis of language. The concluding session of the conference was attended by Principal Oriental College and Chairman Punjabi Depa
Published 08 Mar, 2013 12:00am
Ground-breaking of Coca-Cola Greenfield project held in Multan

Ground-breaking of Coca-Cola Greenfield project held in Multan

Coca-Cola Beverages Pakistan Ltd held a ground-breaking ceremony of its new Greenfield project in Multan. The ceremony was inaugurated by Senior Advisor of Chief Minister Punjab Zulfiqar Khosa, and attended by a huge gathering, including key government of
Published 08 Mar, 2013 12:00am
12 militants killed in Orakzai

12 militants killed in Orakzai

At least 12 militants were killing in the ongoing operation when security forces swooped down militant hideouts in Orakzai Agency on Thursday. According to security sources, five militants were killed in clashes as troops advanced in Ghunda Mela to take c
Published 08 Mar, 2013 12:00am
Lowest price offer: SSGC rejects bidder's claim

Lowest price offer: SSGC rejects bidder's claim

Sui Southern Gas Company Limited (SSGC) and its foreign adviser, QED Consulting, on Thursday rejected claims made by one of the three bidders for the $200 million LNG import project, contending that its price offer was the lowest. "The sealed price offers
Published 08 Mar, 2013 12:00am
Non-duty paid vehicles: MCCs told to widely publicise amnesty scheme

Non-duty paid vehicles: MCCs told to widely publicise amnesty scheme

The Federal Board of Revenue (FBR) has directed all Model Customs Collectorates (MCCs) to launch a vigorous campaign to widely publicise features of amnesty scheme for legalisation of non-duty paid smuggled vehicles to encourage voluntary compliance.
Published 08 Mar, 2013 12:00am
Government urged to take tangible steps for women empowerment

Government urged to take tangible steps for women empowerment

The government must redress the grave injustice by taking the initiative to recognise and declare informal workers as "labourers" for extending the social protection to the invisible workers of Pakistan, and the political representation of the women in th
Published 08 Mar, 2013 12:00am
Hotel owner kidnapped

Hotel owner kidnapped

Unknown armed men abducted an owner of a local hotel from Dera Allahyar area of Jaffarabad district on late Wednesday night. According to police, the victim Noor Muhammad was present in his hotel when some gunmen came there and took him away to unidentifi
Published 08 Mar, 2013 12:00am
Two Rangers personnel, ANP man among 11 killed in Karachi

Two Rangers personnel, ANP man among 11 killed in Karachi

At least 11 people including two Rangers' personnel and a local Awami National Party (ANP) leader were killed in incidents of violence in the city on Thursday, police and rescue sources said. Police said that bodies of two Rangers' personnel, who were abd
Published 08 Mar, 2013 12:00am
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