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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-03-18
Google tosses Reader as house cleaning continues

Google tosses Reader as house cleaning continues

Google said on March 13 it was tossing its Reader service and seven other products under a house cleaning campaign that has closed 70 of the Internet giant's features in the past two years. "These changes are never easy," Google senior vice president of t
Published 18 Mar, 2013 12:00am
Facebook cleans up Timeline in latest tweak

Facebook cleans up Timeline in latest tweak

Facebook on March 13 began rolling out new profile pages redesigned to clear away clutter from "Timelines" that chronicle member postings at the leading social network. "We heard from you that the current timeline layout is sometimes hard to read," Facebo
Published 18 Mar, 2013 12:00am
Most US teens go mobile for Internet: survey

Most US teens go mobile for Internet: survey

Most American teenagers use their phones to access the Internet, with one-fourth of them going online mostly on their mobile device, a survey showed on March 13. Some 78 percent of US teens have a cell phone, and 47 percent of those own smartphones, accor
Published 18 Mar, 2013 12:00am
Samsung unveils new champion in smartphone war

Samsung unveils new champion in smartphone war

Intensifying its smartphone battle with Apple, Samsung unveiled the feature-rich Galaxy S4, with groundbreaking eye motion technology to let users control key functions at a glance. In one highlight, sensors in the S4 detect when a person looks away from
Published 18 Mar, 2013 12:00am
Americans still use phones while driving: survey

Americans still use phones while driving: survey

More than two-thirds of American motorists use a mobile phone while driving despite recent laws in many jurisdictions banning the practice, a survey showed March 14. The study released by the Centres for Disease Control and Prevention found that 69 percen
Published 18 Mar, 2013 12:00am
Google updates iPhone map app

Google updates iPhone map app

Google has made it even easier for users to find the things they want in the real world. The web software giant has issued an update to its iPhone map app that allows you to touch a series of buttons below the search area to specify what you are looking f
Published 18 Mar, 2013 12:00am
Facebook to use Twitter hashtag style

Facebook to use Twitter hashtag style

Facebook is preparing to take on Twitter by adopting the messaging service's iconic hashtag symbol, The Wall Street Journal reported on March 14. Users of globally popular one-to-many messaging service Twitter use or pound symbols as a hashtag to indicate
Published 18 Mar, 2013 12:00am
Fujitsu M702 tablet designed for use on the road

Fujitsu M702 tablet designed for use on the road

Fujitsu has introduced a new Android tablet specifically designed for use by extreme sport athletes and people who are constantly on the move. The M702 tablet has scratch-resistant glass and rubber seals to protect it from bumps, scratches, dust and water
Published 18 Mar, 2013 12:00am
Robust water-resistant smartphone launched

Robust water-resistant smartphone launched

Construction Company Caterpillar has announced the launch of a new smartphone specifically designed for use in extreme conditions. The company claims that thanks to its aluminium frame and shock-absorbent rubber protective casing, the robust Cat B15 can w
Published 18 Mar, 2013 12:00am
Internet Explorer 10 now available for Windows 7

Internet Explorer 10 now available for Windows 7

Internet Explorer 10 is now available for Windows 7. Until now, the browser had only been available for Windows 8 and an advance version of Windows 7. Internet Explorer 9 users will automatically get an update in the coming weeks, reports Microsoft. Prefe
Published 18 Mar, 2013 12:00am
Lufthansa hopes to keep profits flying despite turbulence

Lufthansa hopes to keep profits flying despite turbulence

German flag carrier Lufthansa said on March 14 it hoped to improve operating profit and turnover next year despite turbulent times, as it announced a 36-percent drop in operating profit in 2012. Operating profit plunged by 36.1 percent compared with the p
Published 18 Mar, 2013 12:00am
Telegraph to cut 80 print jobs

Telegraph to cut 80 print jobs

Britain's Telegraph Media Group intends to cut 80 print jobs as part of a plan to merge its daily and Sunday newspapers and focus on its digital business, management said in a letter to staff on March 12. The 80 jobs lost at newspapers The Daily Telegraph
Published 18 Mar, 2013 12:00am
Dimensional enters Japan, targets big investors

Dimensional enters Japan, targets big investors

Dimensional Fund Advisors has launched in Japan, a rare move for a large foreign asset manager in recent years, and plans to pick up large public funds and institutional investors as clients after clinching a mandate with a big fund last year.
Published 18 Mar, 2013 12:00am
Dimensional enters Japan, targets big investors

Dimensional enters Japan, targets big investors

Dimensional Fund Advisors has launched in Japan, a rare move for a large foreign asset manager in recent years, and plans to pick up large public funds and institutional investors as clients after clinching a mandate with a big fund last year.
Published 18 Mar, 2013 12:00am
Munich Re says 'optimistic' for 2013

Munich Re says 'optimistic' for 2013

Munich Re, the world's biggest reinsurer, said on March 12 it expects business and earnings to be stable this year after bottom-line profit increased by more than fourfold in 2012. "Even though the consolidation of state finances and high unemployment wil
Published 18 Mar, 2013 12:00am
Infotel eyes margin recovery in tough 2013

Infotel eyes margin recovery in tough 2013

Software and IT services company Infotel forecast its operating margin would rebound this year from a 2012 low when a hiring spree backfired as some clients postponed projects. Infotel, whose customers include Airbus, BNP Paribas and PSA Peugeot Citroen,
Published 18 Mar, 2013 12:00am
ArcelorMittal targets $3 billion savings to restore margins

ArcelorMittal targets $3 billion savings to restore margins

ArcelorMittal, the world's largest steelmaker, set out a new $3 billion savings plan to restore steel margins to levels unmatched since the crisis struck in 2008. The new plan is the latest step in its aggressive response to steel sector problems that inc
Published 18 Mar, 2013 12:00am
ArcelorMittal targets $3 billion savings to restore margins

ArcelorMittal targets $3 billion savings to restore margins

ArcelorMittal, the world's largest steelmaker, set out a new $3 billion savings plan to restore steel margins to levels unmatched since the crisis struck in 2008. The new plan is the latest step in its aggressive response to steel sector problems that inc
Published 18 Mar, 2013 12:00am
Intesa hit by higher loan charges, writedowns in fourth quarter

Intesa hit by higher loan charges, writedowns in fourth quarter

Higher provisions against bad debt and a writedown on the value of an investment in Telecom Italia pushed Intesa Sanpaolo into the red in the final quarter of 2012, Italy's biggest retail bank said on March 12. Like other Italian lenders, Intesa is having
Published 18 Mar, 2013 12:00am
Intesa hit by higher loan charges, writedowns in fourth quarter

Intesa hit by higher loan charges, writedowns in fourth quarter

Higher provisions against bad debt and a writedown on the value of an investment in Telecom Italia pushed Intesa Sanpaolo into the red in the final quarter of 2012, Italy's biggest retail bank said on March 12. Like other Italian lenders, Intesa is having
Published 18 Mar, 2013 12:00am
Volkswagen's Audi unit clocks up record year in 2012

Volkswagen's Audi unit clocks up record year in 2012

German carmaker Audi, the top-of-the-range subsidiary of European auto giant Volkswagen, said on March 12 it booked record sales in 2012 and hopes to achieve further growth this year. Audi said in a statement that it sold a record 1.455 million cars world
Published 18 Mar, 2013 12:00am
Can US airlines attract investors with better returns?

Can US airlines attract investors with better returns?

US airline stocks, long derided as investment duds, have been gaining altitude in recent years. Now, some see room for them to fly even higher. Recent mergers have brought in new, profit-focused managements who are running larger, leaner operations than i
Published 18 Mar, 2013 12:00am
Murad shines in 2nd ICAP Golf Championship

Murad shines in 2nd ICAP Golf Championship

Sardar Murad has emerged as winner of the 2nd ICAP Golf Championship organised by the Institute of Chartered Accountants of Pakistan (ICAP) in collaboration with Bank Alfalah here at Royal Palm Golf Club.
Published 18 Mar, 2013 12:00am
Sunderland fail to exploit Norwich gifts

Sunderland fail to exploit Norwich gifts

Norwich City lost goalkeeper Mark Bunn to a first-half red card but still emerged from their trip to Sunderland with a 1-1 draw in the Premier League on Sunday. Bunn was sent off for handling the ball outside his penalty area moments after his side had ta
Published 18 Mar, 2013 12:00am
Sangakkara, Chandimal rally Sri Lanka with tons

Sangakkara, Chandimal rally Sri Lanka with tons

Kumar Sangakkara again relished Bangladesh's attack as he cracked his third successive century against them to pull Sri Lanka out of trouble in the second and final Test on Sunday. Dinesh Chandimal (102) also made merry, scoring his second consecutive Tes
Published 18 Mar, 2013 12:00am
Australia beats host Malaysia in final

Australia beats host Malaysia in final

World champions Australia won their seventh Sultan Azlan Shah Cup title on Sunday, defeating hosts Malaysia 3-2 in an exciting final as South Korea placed third. The final went down to the wire with Trent Mitton scoring the winner in the game's dying mome
Published 18 Mar, 2013 12:00am
Five-goal Madrid forced to battle to beat Mallorca

Five-goal Madrid forced to battle to beat Mallorca

Real Madrid assistant manager Aitor Karanka said they must stop conceding poor goals from set-pieces as the Spanish champions twice had to come from a goal down to beat Mallorca 5-2 at the Bernabeu on Saturday.
Published 18 Mar, 2013 12:00am
Wenger wants revived Arsenal to push on

Wenger wants revived Arsenal to push on

Arsene Wenger believes Arsenal have been transformed by their gallant Champions League exit to Bayern Munich, but warned they can't afford any slips in their challenge for a top-four finish.
Published 18 Mar, 2013 12:00am
South Africa's Aiken wins Avantha Masters

South Africa's Aiken wins Avantha Masters

Thomas Aiken of South Africa led from start to finish on the final day to win the $2.3 million Avantha Masters by three shots in India on Sunday. Aiken, who began the last round with a three-stroke lead, scored a flawless five-under 67 and sealed his seco
Published 18 Mar, 2013 12:00am
Del Potro stuns Djokovic to book Nadal clash

Del Potro stuns Djokovic to book Nadal clash

Juan Martin del Potro stunned Novak Djokovic on Saturday to end the World No 1's 22-match winning streak and book an ATP Indian Wells Masters final against Rafael Nadal. Argentina's Del Potro defeated Djokovic 4-6, 6-4, 6-4, ending the Serbian's winning s
Published 18 Mar, 2013 12:00am
South Africa triumph despite Afridi fireworks

South Africa triumph despite Afridi fireworks

Centuries by Hashim Amla and AB de Villiers set up a 34-run victory for South Africa despite a thrilling innings by Pakistan's Shahid Afridi in the third one-day international at the Wanderers Stadium on Sunday. Amla (122) and De Villiers (128) shared a w
Published 18 Mar, 2013 12:00am
Sri Lanka offers tax-free zone at new airport

Sri Lanka offers tax-free zone at new airport

Sri Lanka is turning its newest international airport opening Monday into a tax-free zone to attract aviation-related industries, a top official said. Talks were under way to set up aircraft maintenance, repair and overhaul operations at the $209 million
Published 18 Mar, 2013 12:00am
Pressure on Bulgaria to revoke CEZ licence as protests continue

Pressure on Bulgaria to revoke CEZ licence as protests continue

Hundreds demonstrated against corruption in cities across Bulgaria on Sunday amid growing pressure on the state energy regulator to revoke the licence of one of the country's biggest power distributors accused of widespread irregularities.
Published 18 Mar, 2013 12:00am
Airbus to sign 'major industrial deal'

Airbus to sign 'major industrial deal'

French President Francois Hollande will meet Airbus president Fabrice Bregier on Monday to discuss "a major industrial deal," Hollande's office said in a statement on Sunday. "It's a new deal," said a source close to the Elysee presidential palace, who de
Published 18 Mar, 2013 12:00am
IMF official says good progress made in Egypt talks

IMF official says good progress made in Egypt talks

Egypt and the International Monetary Fund made very good progress in talks on Sunday, an IMF official said, after meeting with government officials seeking a $4.8 billion IMF loan to help relieve a currency and budget crisis.
Published 18 Mar, 2013 12:00am
Indian bank suspends employees in money laundering probe

Indian bank suspends employees in money laundering probe

Leading Indian private bank HDFC has suspended 20 employees in a probe into possible money laundering, a source at the bank told AFP on Sunday. The bank acted after online news outlet CobraPost ran a sting last week, with one of its reporters posing as a
Published 18 Mar, 2013 12:00am
Afghan anti-graft body raps Kabul Bank court ruling

Afghan anti-graft body raps Kabul Bank court ruling

An Afghan anti-corruption watchdog on Sunday criticised court verdicts handed down for a $900 million fraud that caused Kabul Bank, the country's largest bank, to collapse in 2010. The foreign-funded Monitoring and Evaluation Committee (MEC) said the cour
Published 18 Mar, 2013 12:00am
Still hope for big fiscal deal with Obama, top Republicans say

Still hope for big fiscal deal with Obama, top Republicans say

Senior congressional Republicans said on Sunday they see a chance for a broad deal with President Barack Obama on deficit reduction and reining in spending on vast government programs like Medicare and one senator signalled potential flexibility on taxes.
Published 18 Mar, 2013 12:00am
Saudi shipper Bahri eyes debut sukuk to fund Vela buy

Saudi shipper Bahri eyes debut sukuk to fund Vela buy

National Shipping Co of Saudi Arabia (Bahri) is considering a debut Islamic bond issue to help refinance debt taken on for its $1.3 billion acquisition of Saudi Aramco's marine unit last year, three sources said on Sunday.
Published 18 Mar, 2013 12:00am
Saudi shipper Bahri eyes debut sukuk to fund Vela buy

Saudi shipper Bahri eyes debut sukuk to fund Vela buy

National Shipping Co of Saudi Arabia (Bahri) is considering a debut Islamic bond issue to help refinance debt taken on for its $1.3 billion acquisition of Saudi Aramco's marine unit last year, three sources said on Sunday.
Published 18 Mar, 2013 12:00am
India wrestles with dilemma of blacklisting AgustaWestland

India wrestles with dilemma of blacklisting AgustaWestland

Indian Defence Minister A.K. Antony is leaning toward barring Anglo-Italian helicopter firm AgustaWestland from doing business in the country because of a corruption scandal, but he could be outvoted by cabinet colleagues, several government sources said.
Published 18 Mar, 2013 12:00am
Qatar seeks partners for 8 billion pound Marks & Spencer bid

Qatar seeks partners for 8 billion pound Marks & Spencer bid

Qatar's sovereign wealth fund is seeking partners to launch an 8 billion pound ($12.10 billion) bid for British retailer Marks & Spencer, the Sunday Times reported, citing senior City sources. Marks & Spencer, a FTSE 100 company and a mainstay of British
Published 18 Mar, 2013 12:00am
China's hypermarket operator Sun Art's 2012 profit jumps

China's hypermarket operator Sun Art's 2012 profit jumps

China's largest hypermarket chain, Sun Art Retail Group Ltd, posted a 50.6 percent jump in net profit due to retail network expansion into lower tier Chinese cities, showing its resilience to an economic slowdown that hit consumer demand.
Published 18 Mar, 2013 12:00am
China's hypermarket operator Sun Art's 2012 profit jumps

China's hypermarket operator Sun Art's 2012 profit jumps

China's largest hypermarket chain, Sun Art Retail Group Ltd, posted a 50.6 percent jump in net profit due to retail network expansion into lower tier Chinese cities, showing its resilience to an economic slowdown that hit consumer demand.
Published 18 Mar, 2013 12:00am
Santander gets 4 percent acceptance in bond buyback offer

Santander gets 4 percent acceptance in bond buyback offer

Bondholders have agreed to buy back around 4 percent of nearly 9.4 billion euros ($12 billion) of subordinated bonds issued by Spanish bank Santander in an offer aimed at boosting the bank's solvency ratios. The level of buybacks was in line with the bank
Published 18 Mar, 2013 12:00am
Santander gets 4 percent acceptance in bond buyback offer

Santander gets 4 percent acceptance in bond buyback offer

Bondholders have agreed to buy back around 4 percent of nearly 9.4 billion euros ($12 billion) of subordinated bonds issued by Spanish bank Santander in an offer aimed at boosting the bank's solvency ratios. The level of buybacks was in line with the bank
Published 18 Mar, 2013 12:00am
MGM board expected to discuss IPO

MGM board expected to discuss IPO

The board of MGM, the storied Hollywood studio that exited bankruptcy in 2010, will discuss a long-awaited initial stock offering when it meets on March 18 amid indications that debt-holders who control the company may be nearing a decision to file.
Published 18 Mar, 2013 12:00am
MGM board expected to discuss IPO

MGM board expected to discuss IPO

The board of MGM, the storied Hollywood studio that exited bankruptcy in 2010, will discuss a long-awaited initial stock offering when it meets on March 18 amid indications that debt-holders who control the company may be nearing a decision to file.
Published 18 Mar, 2013 12:00am
Irish bond auction an important step: ECB's Demetriades

Irish bond auction an important step: ECB's Demetriades

Ireland's issuance of its first long-term bond since being bailed out is an important step towards qualifying for help from the ECB's bond-buying programme, European Central Bank Governing Council member Panicos Demetriades said.
Published 18 Mar, 2013 12:00am
Irish bond auction an important step: ECB's Demetriades

Irish bond auction an important step: ECB's Demetriades

Ireland's issuance of its first long-term bond since being bailed out is an important step towards qualifying for help from the ECB's bond-buying programme, European Central Bank Governing Council member Panicos Demetriades said.
Published 18 Mar, 2013 12:00am
Mexico peso rise tests central bank's hands-off stance

Mexico peso rise tests central bank's hands-off stance

Mexico's peso is scaling new highs amid confidence in the country's reform push, a likely credit ratings upgrade and profit taking after last week's interest rate cut, sparking speculation about how far it will rise before authorities act.
Published 18 Mar, 2013 12:00am
Wall Street week ahead: big gains, low valuation - why worry?

Wall Street week ahead: big gains, low valuation - why worry?

Major US stock indexes have never been higher - and yet that's hardly scaring people. Stocks have soared in 2013, with the Dow climbing almost 11 percent to hit a series of new all-time highs while the S&P 500 has jumped 9.4 percent, falling just short of
Published 18 Mar, 2013 12:00am
Portugal's builder Mota places retail bonds

Portugal's builder Mota places retail bonds

Portugal's largest builder, Mota-Engil sold 175 million euros ($227.16 million) of three-year bonds targeted at retail investors. It joins a growing number of corporates returning to the bond market to raise funds as Portugal's debt crisis slowly subsides
Published 18 Mar, 2013 12:00am
Portugal's builder Mota places retail bonds

Portugal's builder Mota places retail bonds

Portugal's largest builder, Mota-Engil sold 175 million euros ($227.16 million) of three-year bonds targeted at retail investors. It joins a growing number of corporates returning to the bond market to raise funds as Portugal's debt crisis slowly subsides
Published 18 Mar, 2013 12:00am
Japanese investors dump Aussie debt at record pace

Japanese investors dump Aussie debt at record pace

Japanese investors dumped Australian debt at the fastest pace on record earlier this year as the Aussie dollar rose sharply against the yen, and a marked shift in policy easing expectations in Australia could see the trend continue.
Published 18 Mar, 2013 12:00am
Japanese investors dump Aussie debt at record pace

Japanese investors dump Aussie debt at record pace

Japanese investors dumped Australian debt at the fastest pace on record earlier this year as the Aussie dollar rose sharply against the yen, and a marked shift in policy easing expectations in Australia could see the trend continue.
Published 18 Mar, 2013 12:00am
Ukraine sells $177.3 million in domestic bonds

Ukraine sells $177.3 million in domestic bonds

Ukraine's Finance Ministry sold $177.3 million and 1.15 billion hryvnias ($144 million) in domestic bonds at auction on Tuesday, it said in a statement.
Published 18 Mar, 2013 12:00am
Ukraine sells $177.3 million in domestic bonds

Ukraine sells $177.3 million in domestic bonds

Ukraine's Finance Ministry sold $177.3 million and 1.15 billion hryvnias ($144 million) in domestic bonds at auction on Tuesday, it said in a statement.
Published 18 Mar, 2013 12:00am
Tokyo shares likely to extend rally on US hopes

Tokyo shares likely to extend rally on US hopes

Tokyo shares are likely to extend their rally next week as investor sentiment is buoyed by a strong showing on Wall Street sparked by rising optimism over the US economy, analysts said. For the week to March 15, the benchmark Nikkei 225 index rose 2.26 pe
Published 18 Mar, 2013 12:00am
Saudi Electricity picks banks for dollar sukuk sale

Saudi Electricity picks banks for dollar sukuk sale

Saudi Electricity Co (SEC), the Gulf's largest utility, has picked two banks to arrange meetings with fixed income investors in Europe and the United States ahead of a possible debt issue, a statement from the lead managers said.
Published 18 Mar, 2013 12:00am
Saudi Electricity picks banks for dollar sukuk sale

Saudi Electricity picks banks for dollar sukuk sale

Saudi Electricity Co (SEC), the Gulf's largest utility, has picked two banks to arrange meetings with fixed income investors in Europe and the United States ahead of a possible debt issue, a statement from the lead managers said.
Published 18 Mar, 2013 12:00am
European defaults remain high but conditions easing: S&P

European defaults remain high but conditions easing: S&P

The European speculative-grade default rate will remain high in 2013 but credit conditions are improving as the leveraged buyout debt hangover from 2006-2008 runs its course, according to a report published by Standard & Poor's on Wednesday.
Published 18 Mar, 2013 12:00am
Deal likely to keep US elite forces in key Afghan province

Deal likely to keep US elite forces in key Afghan province

Afghan and US officials are working on a compromise deal to allow American special forces to stay in a strategically key province near the capital in return for full Afghan control of a controversial jail, a top Kabul official said.
Published 18 Mar, 2013 12:00am
Russia to send permanent naval fleet to the Mediterranean

Russia to send permanent naval fleet to the Mediterranean

Russia is to send a permanent fleet of warships into the Mediterranean Sea for the first time in two decades, Russian media reported Sunday, citing naval sources. The core of the group will be made up of cruisers and frigates, said state news agency Ria N
Published 18 Mar, 2013 12:00am
China's new premier pledges reform, sees risks

China's new premier pledges reform, sees risks

Chinese Premier Li Keqiang said on Sunday ensuring economic growth was the top priority for his government, pledging to fight graft, tackle vested interests and calling for an end to a cyber-hacking row with the United States.
Published 18 Mar, 2013 12:00am
Car bomb blast kills nine in Iraq's south

Car bomb blast kills nine in Iraq's south

A car bomb exploded at a bus terminal in Iraq's predominantly Shia Muslim south on Sunday, killing at least nine people, police said, as the country's delicate sectarian balance comes under growing strain.
Published 18 Mar, 2013 12:00am
Thousands make emotional trek to Chavez' tomb

Thousands make emotional trek to Chavez' tomb

Thousands of emotional supporters waited and wept after making a pilgrimage to the new tomb of former president Hugo Chavez, the face and leader of Latin America's left for over a decade. More than 10 days after his death from cancer, the remains of Chave
Published 18 Mar, 2013 12:00am
112,000 civilians dead in a decade in Iraq

112,000 civilians dead in a decade in Iraq

At least 112,000 civilians were killed in the 10 years since the US-led 2003 invasion of Iraq that ousted Saddam Hussein, a new report published on Sunday said. Including combatants on all sides of the decade-long conflict, as well as yet undocumented civ
Published 18 Mar, 2013 12:00am
British Prime Minister says queen keeps him on his toes

British Prime Minister says queen keeps him on his toes

British Prime Minister David Cameron said Queen Elizabeth II keeps him on his toes with some sharp questions during their weekly meetings. Cameron said he found the Wednesday evening audiences "therapeutic" as the 86-year-old sovereign puts the country's
Published 18 Mar, 2013 12:00am
Assad's wife, children make rare Damascus appearance

Assad's wife, children make rare Damascus appearance

Syrian President Bashar al-Assad's wife and his children have made a rare public appearance at a charity fund-raiser in Damascus for mothers of soldiers killed in the two-year conflict, his office said on Facebook Sunday.
Published 18 Mar, 2013 12:00am
Irsa reduces water outflows from dams after rains

Irsa reduces water outflows from dams after rains

The Indus River System Authority (Irsa) has reduced water outflows from Tarbela and Mangla dams for irrigation and hydel power generation purposes after recent rains in the country, Meteorological department said here on Sunday.
Published 18 Mar, 2013 12:00am
Five years of corruption, poor governance end: JI

Five years of corruption, poor governance end: JI

Secretary General, Jamaat-i-Islami, Liaqat Baloch, has said that the five-year anti-people rule of the PPP led coalition marked with corruption, poor governance, and terrorism had finally ended because of which the country faced numerous challenges at the
Published 18 Mar, 2013 12:00am
PCGA welcomes government decision to rescind SRO-602(1)2012

PCGA welcomes government decision to rescind SRO-602(1)2012

Pakistan Cotton Ginners Association (PCGA) Chairman Mahesh Kumar has welcomed the SRO-213(1) 2013 which rescinded the SRO-602(1)2012 and said that government had met their outstanding demand by reducing the general sales tax from 16 to 2 percent on rapese
Published 18 Mar, 2013 12:00am
Shujaat's visit to Joseph Colony criticised

Shujaat's visit to Joseph Colony criticised

Senator Kamran Michael and Assembly Members Dr Darshan and Tahir Sindhu said that efforts to make political capital out of Badami Bagh incident will not succeed and Chaudhry Shujaat's attempt at point-scoring on the issue reflects his narrow mindedness.
Published 18 Mar, 2013 12:00am
PAAPAM opposes amnesty schemes for car smugglers

PAAPAM opposes amnesty schemes for car smugglers

Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has strongly opposed any amnesty scheme for car smugglers and tax evaders and said such schemes would encourage smugglers to continue their criminal activities at the cost of
Published 18 Mar, 2013 12:00am
Canal management: farmers' participation yields positive results

Canal management: farmers' participation yields positive results

The practical participation of the farming community in the canal management yielded positive results and ongoing process of reformation of canal system greatly helped in the achievement of the target of food autarky as well as effective maintenance of th
Published 18 Mar, 2013 12:00am
APTMA leadership to take up its issues with high officials

APTMA leadership to take up its issues with high officials

All Pakistan Textile Mills Association (APTMA) leadership is all set to interact with the Federal Secretaries on burning issues of the textile industry including market access, energy crisis and fiscal matters on March 18. The APTMA spokesman said three d
Published 18 Mar, 2013 12:00am
Badamibagh incident: 60 houses handed over to affected families: Shahbaz

Badamibagh incident: 60 houses handed over to affected families: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the whole nation has strongly condemned the reprehensible act committed against Christian community in Joseph Colony Badami Bagh and he once again apologises to Christian brethren for this condem
Published 18 Mar, 2013 12:00am
Names of six advocates recommended for elevation to LHC

Names of six advocates recommended for elevation to LHC

The Judicial Commission of Pakistan has recommended names of six advocates Shoaib Saeed, Atir Mehmood, Shahid Bilal Hassan, Alia Neelum, Shahzad Mazhar and Abid Aziz Sheikh, for elevation to Lahore High Court(LHC). The Judicial Commission met in Islamabad
Published 18 Mar, 2013 12:00am
Consensus evolved over caretaker set-up in Balochistan: Haideri

Consensus evolved over caretaker set-up in Balochistan: Haideri

The JUI-F Secretary General Senator Maulana Abdul Ghafoor Haideri has said that a consensus has been evolved for the caretaker set-up in Balochistan and the chief minister would send a summary for the dissolution of provincial assembly to the governor on
Published 18 Mar, 2013 12:00am
Bid to smuggle heroin foiled

Bid to smuggle heroin foiled

The Anti-Narcotics Force (ANF) foiled an attempt to smuggle 2 kg heroin to Dubai and held a passenger from the Benazir Bhutto International Airport here on Sunday. The yellow heroin worth million of rupees was recovered from the bag of Ghulam Abbas son of
Published 18 Mar, 2013 12:00am
PML-N, JUI-F agree to make seat adjustment in KP

PML-N, JUI-F agree to make seat adjustment in KP

Jamiat Ulema-e-Islam (JUI-F) and Pakistan Muslim League-Nawaz (PML-N) have agreed on seat-to-seat adjustment during the general elections in the Khyber-Pakhtunkhwa. The adjustment formula will be finalised by a six-member committee of the two political pa
Published 18 Mar, 2013 12:00am
CDA chairman's transfer: CJP takes suo motu notice

CDA chairman's transfer: CJP takes suo motu notice

Chief Justice of Supreme Court Iftikhar Muhammad Chaudhry on Sunday took suo motu notice of the transfer of Chairman, Capital Development Authority's (CDA), and directed cabinet and interior secretaries to appear before the court along with the transfer o
Published 18 Mar, 2013 12:00am
Three injured in firing

Three injured in firing

At least three persons were injured by gunshots in separate incidents of robberies in Qasimabad and Pathan Colony areas here Sunday. According to Qasimabad police, a resident of Kotri taluka of Jamshoro, Zulfiqar Seharh, was shot and injured by unidentifi
Published 18 Mar, 2013 12:00am
Key Lyari gangster Arshad Pappu, four others killed: police

Key Lyari gangster Arshad Pappu, four others killed: police

One of the central figures of the Lyari gang war, Arshad Papu, 35, his brother Yasir Arafat and three of his accomplices were killed in a shootout in the Lyari area in the limits of Kalakot police station. Police confirmed the killing of Arshad Papu and h
Published 18 Mar, 2013 12:00am
PAT not to take part in upcoming elections: Qadri

PAT not to take part in upcoming elections: Qadri

Dr Tahirul Qadri on Sunday announced that Pakistan Awami Tehreek (PAT) would not take part in upcoming general elections, saying that in the presence of unreformed election commission his party would not contest the polls.
Published 18 Mar, 2013 12:00am
Postponed paper of BS physiotherapy today

Postponed paper of BS physiotherapy today

The paper of 4th year annual examination of BS Physiotherapy for 2013, which was scheduled for 4th of this month and was postponed, will be held on Monday (March 18). The time and the centre will remain the same, said a KU announcement here on Sunday.
Published 18 Mar, 2013 12:00am
Kashmir was never a part of India: Ali Geelani

Kashmir was never a part of India: Ali Geelani

Veteran Kashmiri Hurriyet leader, Syed Ali Geelani, said that Jammu and Kashmir since ages was a sovereign state and its people never acceded to India.
Published 18 Mar, 2013 12:00am
JI criticises Prime Minister's farewell address to the nation

JI criticises Prime Minister's farewell address to the nation

Jamaat-i-Islami (JI) chief Syed Munawar Hasan has said the nation was expecting that the Prime Minister would tender an apology for the failures of his government but it was stunned when the Premier began to recount the so called achievements of his gover
Published 18 Mar, 2013 12:00am
Rs 111 billion spent on education projects in Punjab

Rs 111 billion spent on education projects in Punjab

The Punjab government has spent an amount of Rs 111 billion on different educational projects during its five-year tenure to improve and expand the educational facilities for the students. Chairman Punjab Education Foundation Raja Anwar stated this while
Published 18 Mar, 2013 12:00am
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