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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-04-09
MUFG buys US property loans from Deutsche worth $3.7 billion

MUFG buys US property loans from Deutsche worth $3.7 billion

Mitsubishi UFJ Financial Group has acquired a US commercial property loan portfolio from a Deutsche Bank unit worth $3.7 billion, as cashed-up Japanese lenders swoop in on assets sold by retreating European banks.
Published 09 Apr, 2013 12:00am
MUFG buys US property loans from Deutsche worth $3.7 billion

MUFG buys US property loans from Deutsche worth $3.7 billion

Mitsubishi UFJ Financial Group has acquired a US commercial property loan portfolio from a Deutsche Bank unit worth $3.7 billion, as cashed-up Japanese lenders swoop in on assets sold by retreating European banks.
Published 09 Apr, 2013 12:00am
Eurozone investor sentiment dips

Eurozone investor sentiment dips

Eurozone sentiment fell for a second consecutive month in April due to concerns over the Cyprus bailout, Sentix research group said on Monday. Sentix said its monthly index tracking investor sentiment in the 17-nation currency bloc slid to -17.3 this mont
Published 09 Apr, 2013 12:00am
Saudi banks rise after first quarter; tax U-turn boosts Egyptian index

Saudi banks rise after first quarter; tax U-turn boosts Egyptian index

Saudi Arabia's banks helped lift the bourse on Monday after two lenders posted estimate-beating earnings, while other regional markets also gained as bargain-hunters bought bluechips. A U-turn on taxes by Egypt's government boosted its market. Riyad Bank,
Published 09 Apr, 2013 12:00am
Nikkei climbs to near five-year high

Nikkei climbs to near five-year high

The Nikkei share average climbed to a near 5-year closing high on Monday, as investors gave the thumbs-up to the Bank of Japan's rapid move to immediately begin buying longer-dated bonds to whip deflation. But Japanese government bond prices were mixed, w
Published 09 Apr, 2013 12:00am
Indian shares lower for fourth day

Indian shares lower for fourth day

India's NSE index edged lower on Monday to a near seven-month low as software services exporters fell ahead of what is widely expected to be a lacklustre earnings season, and as foreign funds continued to exit local holdings. The main index notched a four
Published 09 Apr, 2013 12:00am
Southeast Asian stocks mostly weak

Southeast Asian stocks mostly weak

Most Southeast Asian stocks ended weaker on Monday with Singapore and Indonesia falling to their two-week lows led by financials as weak US job data and concerns over Europe dented investors' appetite for risky assets. Banking stocks dragged the Indonesia
Published 09 Apr, 2013 12:00am
Chinese shares slip to four-month lows, Hong Kong still sluggish

Chinese shares slip to four-month lows, Hong Kong still sluggish

China shares closed at their lowest since December on Monday, with bird flu worries hitting tourism-related stocks and property stocks losing ground on more sales curbs as markets reopened after a holiday break. The Hong Kong market lingered at four-month
Published 09 Apr, 2013 12:00am
Healthcare sector leads European share bounce

Healthcare sector leads European share bounce

European shares were led higher by the healthcare sector on Monday as investors tiptoed back into the market with a cautious focus on the start of the US first-quarter earnings season. The FTSEurofirst 300 closed up 0.2 percent at 1,164.79 points, in the
Published 09 Apr, 2013 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks were down 2.39 percent on Monday, the biggest daily loss in 10 months, as investors, returning from a holiday break, responded to regional developments including heightened tensions on the Korean peninsula and bird flu in China. The main TAI
Published 09 Apr, 2013 12:00am
Seoul shares at four-month low

Seoul shares at four-month low

Seoul shares closed at their lowest in more than four months on Monday as foreigners again were net sellers amid fears about the ongoing slide in the yen and warnings that North Korea may conduct another nuclear test. The Korea Composite Stock Price Index
Published 09 Apr, 2013 12:00am
FTSE bounces back, boosted by defensive shares, M&A talk

FTSE bounces back, boosted by defensive shares, M&A talk

Britain's blue-chip index halted a three-day slide on Monday as buyers took advantage of beaten-down prices to place bets on possible take-over targets and pile into defensive shares. The FTSE 100 closed up 27.16 points, or 0.4 percent, at 6,276.94 after
Published 09 Apr, 2013 12:00am
Yen dives versus majors in Asia

Yen dives versus majors in Asia

The yen hit fresh lows against a host of major currencies on Monday, resuming its slide after the Bank of Japan lost no time in launching its new easing policy to underline its determination to beat deflation. The central bank conducted its first governme
Published 09 Apr, 2013 12:00am
Early trade in New York: yen hits multiyear lows

Early trade in New York: yen hits multiyear lows

The yen slumped near a four-year low against the dollar and a three-year trough against the euro on Monday after the Bank of Japan kicked off its aggressive monetary easing program in an attempt to beat persistent deflation. The Japanese currency looked p
Published 09 Apr, 2013 12:00am
Yen tumbles as dollar and euro in London

Yen tumbles as dollar and euro in London

The yen slid to a near four-year low against the dollar and three-year trough against the euro on Monday as the Bank of Japan began buying government bonds as part of its aggressive stimulus policy. The dollar looked set for further gains, and a potential
Published 09 Apr, 2013 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 78.08-78.0810 (78.08-78.08). Call Money Rates: 06.50-07.25 percent (previous 06.00-07.50 percent.
Published 09 Apr, 2013 12:00am
Won drives Asia FX lower on North Korea, yen

Won drives Asia FX lower on North Korea, yen

The South Korean won hit its lowest level in more than eight months on Monday, leading slides among emerging Asian currencies, due by pressures from increasing geopolitical tension with the North and the weakening yen. The Taiwan dollar touched an eight-m
Published 09 Apr, 2013 12:00am
Indian rupee strengthens most in three weeks

Indian rupee strengthens most in three weeks

The Indian rupee posted on Monday its biggest gain against the dollar in more than three weeks on the back of greenback sales by a large corporate and custodian banks, even as other Asian currencies fell due to geopolitical tension from North Korea. "The
Published 09 Apr, 2013 12:00am
Sterling falls against dollar and euro

Sterling falls against dollar and euro

Sterling fell against the dollar and the euro on Monday as investors and speculators remained cautious about the Britain's economic outlook and on prospects of further easing by the Bank of England. The dollar was helped by its gains against the yen after
Published 09 Apr, 2013 12:00am
Australian and New Zealand dollars at new peaks versus yen

Australian and New Zealand dollars at new peaks versus yen

The Australian and New Zealand dollars flew to fresh four-year peaks on the yen on Monday as the Bank of Japan (BoJ) launched its ambitious stimulus drive in a hurry, boosting local bonds as investors anticipated a deluge of Japanese demand. The Aussie so
Published 09 Apr, 2013 12:00am
Yuan slightly down

Yuan slightly down

China's yuan closed slightly softer on Monday, but the central bank's restrained response to the fall in the Japanese yen signalled that China is unlikely to weaken its currency aggressively to blunt the impact of a weaker yen. The yen has reeled since Th
Published 09 Apr, 2013 12:00am
South African Parnell in India to face drug charges

South African Parnell in India to face drug charges

South African cricketer Wayne Parnell, who faces drug charges over a late-night party last year following an Indian Premier League (IPL) game, surrendered to a Mumbai court on Monday, reports said. Parnell, who is in India as part of the Pune Warriors squ
Published 09 Apr, 2013 12:00am
Former first class cricketer Ijaz Mirza dies

Former first class cricketer Ijaz Mirza dies

Former first class cricketer and ex-KCCA selector and Council member Ijaz Hussain Mirza expired here Sunday night after protracted illness. He was 70. He left behind two sons and a widow to mourn his death. He was laid to rest at Sakhi Hasan graveyard Mon
Published 09 Apr, 2013 12:00am
PFF, BSS to promote football

PFF, BSS to promote football

Pakistan Football Federation (PFF) has joined hands with Beaconhouse School System (BSS) for the development and promotion of football at grass roots level. PFF Director Development & Competition, Pervaiz Saeed Mir and Project Director & Additional Direct
Published 09 Apr, 2013 12:00am
FA to stream England games for Chinese fans

FA to stream England games for Chinese fans

England's internationals will be streamed live on a new Mandarin version of the Football Association's website as the organisation looks to boost its profile in China, the organisation announced on Monday. The website, which will go live at the weekend, w
Published 09 Apr, 2013 12:00am
Real have everything to lose, says Mourinho

Real have everything to lose, says Mourinho

Real Madrid may have a comfortable 3-0 advantage over Galatasaray ahead of Tuesday's Champions League quarter-final, second leg here but coach Jose Mourinho is not resting on his laurels. The Portuguese boss, chasing a third European title with a third di
Published 09 Apr, 2013 12:00am
Canada clinch Davis Cup semi-final berth

Canada clinch Davis Cup semi-final berth

Canada clinched their place in the Davis Cup semi-finals for the first time when they grabbed an unassailable lead over Italy in Vancouver on Sunday. Canada led 2-1 overnight and their top-ranked player Milos Raonic secured the victory for his team when h
Published 09 Apr, 2013 12:00am
Injured Djokovic leads Serbia past US

Injured Djokovic leads Serbia past US

Novak Djokovic overcame an early injury to his ankle and lifted Serbia to the Davis Cup semi-finals with a gritty 7-5 6-7 6-1 6-0 victory over American Sam Querrey on Sunday. "It's very strong emotion when you play for your country. I guess that's the big
Published 09 Apr, 2013 12:00am
Pakistan's ski team qualifies for Winter Olympics

Pakistan's ski team qualifies for Winter Olympics

Pakistani skiers have qualified for the Winter Olympics for only the second time, officials said Monday, hoping it will further boost the sport despite searing summer temperatures. "Our ski team has qualified for the Winter Olympics 2014 after scoring the
Published 09 Apr, 2013 12:00am
Yamanaka maintains WBC bantamweight title

Yamanaka maintains WBC bantamweight title

Japan's Shinsuke Yamanaka defeated Malcolm Tunacao of the Philippines by technical knockout to defend his World Boxing Council (WBC) bantamweight title on Monday. Yamanaka, 30, floored the challenger twice in the third round with a straight left. And it w
Published 09 Apr, 2013 12:00am
FA probe shows no Ferdinand racist abuse

FA probe shows no Ferdinand racist abuse

The Football Association on Monday confirmed they have been unable to find evidence that England fans chanted racist abuse about Rio and Anton Ferdinand during the recent World Cup qualifier against San Marino. Anti-racism group FARE had reported England
Published 09 Apr, 2013 12:00am
Would-be Asian chief in 'whistle-blower' pledge

Would-be Asian chief in 'whistle-blower' pledge

Would-be Asian football president Yousuf Al Serkal promised to reveal all his allowances and introduce a "whistle-blower" programme to fight corruption as he released his election manifesto on Monday. The UAE football association chief, who is standing in
Published 09 Apr, 2013 12:00am
Flotilla raid victims to pursue Israel in court despite apology

Flotilla raid victims to pursue Israel in court despite apology

Pro-Palestinian activists said on Monday they would not withdraw a lawsuit against Israeli commanders for a fatal 2010 raid on their Gaza-bound flotilla, ahead of official compensation talks between Turkey and the Jewish state this week. "We will not disc
Published 09 Apr, 2013 12:00am
UN to restart Gaza aid distribution

UN to restart Gaza aid distribution

The United Nations said it will reopen aid distribution centres in Gaza on Tuesday, after a four-day closure in response to the storming of its offices by protesters. The United Nations relief agency for Palestinian refugees, UNRWA, stopped food deliverie
Published 09 Apr, 2013 12:00am
Kerry meets Fayyad, Peres on new Middle East trip

Kerry meets Fayyad, Peres on new Middle East trip

Top US diplomat John Kerry on Monday held talks in occupied Jerusalem with Palestinian premier Salam Fayyad ahead of a meeting with Israeli President Shimon Peres on his second trip to the region in two weeks. Kerry, who is US President Barack Obama's new
Published 09 Apr, 2013 12:00am
Protesters, police clash as Turkey coup trial resumes

Protesters, police clash as Turkey coup trial resumes

Turkish police on Monday fired tear gas and water cannons at around 10,000 demonstrators protesting a mass trial of hundreds accused of plotting to topple the government, leading to three injuries and a lengthy delay in the hearing. An AFP photographer sa
Published 09 Apr, 2013 12:00am
US newspaper industry limits revenue drop to two percent

US newspaper industry limits revenue drop to two percent

US newspapers saw revenues fall two percent in 2012, an industry association said Monday, suggesting an easing of the woes of the beleaguered sector. The Newspaper Association of America, in what it termed the most comprehensive look at the industry, said
Published 09 Apr, 2013 12:00am
Bin Laden son-in-law due in New York court

Bin Laden son-in-law due in New York court

Osama bin Laden's son-in-law and former spokesman was due back in a US federal court in New York Monday, a month after he pleaded not guilty to terrorism charges. Sulaiman Abu Ghaith, reportedly a 47-year-old Kuwaiti and allegedly a senior propagandist in
Published 09 Apr, 2013 12:00am
Georgia leader breaks shoulder during Turkey state visit

Georgia leader breaks shoulder during Turkey state visit

Georgian President Mikheil Saakashvili has suffered multiple shoulder fractures after a bicycle accident while on a state visit in Turkey, his office said on Monday. "The president has suffered an injury during his daily bicycle workout and was diagnosed
Published 09 Apr, 2013 12:00am
Doha meet raises $3.6 billion for Sudan's Darfur: Qatar

Doha meet raises $3.6 billion for Sudan's Darfur: Qatar

A Darfur donor conference has raised $3.6 billion in pledges to finance the development of war-ravaged Darfur in west Sudan, mostly from Khartoum itself, host country Qatar which contributed $500 million announced Monday. "These pledges cover more than th
Published 09 Apr, 2013 12:00am
No proof China's H7N9 spreading between humans: WHO

No proof China's H7N9 spreading between humans: WHO

The World Health Organisation said Monday there is no evidence China's new H7N9 strain of bird flu is spreading between humans, as the death toll rose to seven and airline and tourism shares slumped. China said just over a week ago that H7N9 avian influen
Published 09 Apr, 2013 12:00am
North Korea suspends last remaining project with South

North Korea suspends last remaining project with South

North Korea suspended its sole remaining major project with the South on Monday, after weeks of threats against the United States and South Korea, as Russian President Vladimir Putin said any nuclear conflict could make Chernobyl look like a fairy tale.
Published 09 Apr, 2013 12:00am
Italy's stalemate leaves business waiting on reform

Italy's stalemate leaves business waiting on reform

A long stalemate since Italy's inconclusive election has left government departments in Rome becalmed until a new administration arrives and powerless to respond to increasingly desperate calls for action from business leaders. More than 40 days have pass
Published 09 Apr, 2013 12:00am
Peruvian helicopter crash leaves 13 dead

Peruvian helicopter crash leaves 13 dead

Thirteen people were reported dead after a helicopter carrying employees of an oil company crashed in the Peruvian jungle on Sunday, reported local media. The helicopter had been carrying employees of the company Perenco, along with the helicopter's crew,
Published 09 Apr, 2013 12:00am
US allies plan big Gulf naval exercise in May

US allies plan big Gulf naval exercise in May

The United States and its allies will stage a naval exercise in the Gulf in May to practise minesweeping and escorting ships, the US Navy said on Monday, a manoeuvre likely to be seen in the region as guarding against a potential threat from Iran.
Published 09 Apr, 2013 12:00am
Suicide car bomber kills 15 in central Damascus

Suicide car bomber kills 15 in central Damascus

A suicide car bomb killed at least 15 people and wounded 53 in the main business district of Damascus on Monday in what the Syrian prime minister said was a response to army gains against rebels around the capital. The bomb near a school in the Sabaa Bahr
Published 09 Apr, 2013 12:00am
Serbia rejects Kosovo deal, begs EU for more time

Serbia rejects Kosovo deal, begs EU for more time

Serbia on Monday rejected a European Union-brokered plan to tackle the ethnic partition of its former province Kosovo, a move that could hurt Belgrade's hopes of starting membership talks with the bloc. But the coalition government called for the "urgent"
Published 09 Apr, 2013 12:00am
Spanish actress, Hollywood icon Sara Montiel dies

Spanish actress, Hollywood icon Sara Montiel dies

Sara Montiel, the first Spanish actress to make it in Hollywood and best known for her roles in international blockbusters such as "Vera Cruz", died at home in Madrid on Monday aged 85, her family said. One of Spain's most loved actresses, Montiel made he
Published 09 Apr, 2013 12:00am
Taiwan firms protest over US mission dispute

Taiwan firms protest over US mission dispute

Dozens of Taiwanese building workers staged a protest Monday as part of their dispute with a contractor that has halted work on a new de facto US embassy since last month. The US-headquartered Weston Solutions in 2009 won a US government contract worth $5
Published 09 Apr, 2013 12:00am
WikiLeaks launches searchable US historical archive

WikiLeaks launches searchable US historical archive

WikiLeaks on Monday launched a searchable archive containing 1.7 million US State Department documents from 1973-76 that had been officially declassified but were not easily accessible to the public. The "Public Library of US Diplomacy" brings together th
Published 09 Apr, 2013 12:00am
Rajiv Gandhi linked to arms deal

Rajiv Gandhi linked to arms deal

Former prime minister Rajiv Gandhi, whose family still dominates India's ruling Congress party, may have been a middleman for an arms deal in the 1970s, according to diplomatic cables published Monday. The Hindu newspaper, accessing information compiled a
Published 09 Apr, 2013 12:00am
India, Germany to sign accords, discuss trade pact

India, Germany to sign accords, discuss trade pact

India and Germany are expected to sign pacts on renewable energy, science and education and discuss an India-Europe trade pact during Prime Minister Manmohan Singh's visit to Berlin this week, officials said Monday. Singh is scheduled to meet with Chancel
Published 09 Apr, 2013 12:00am
India uses drones to fight rhino poaching

India uses drones to fight rhino poaching

India said Monday it is deploying drones over a reserve to safeguard the rare one-horned rhino from poachers, the first time the country has employed aerial technology to protect wildlife. The unmanned aerial vehicle (UAV) gives patrols a new strategic ad
Published 09 Apr, 2013 12:00am
Rwanda marks 1994 genocide; calls for perpetrators' arrest

Rwanda marks 1994 genocide; calls for perpetrators' arrest

Rwandan President Paul Kagame called on Monday for governments around the world to arrest perpetrators of the country's 1994 genocide, as the African nation marked a memorial day for the mass slaughter. Kagame said there are "still some countries that har
Published 09 Apr, 2013 12:00am
Anglo copper output to rise 3 percent as Collahuasi perks up

Anglo copper output to rise 3 percent as Collahuasi perks up

Global miner Anglo American should produce 3 percent more copper this year than last in part as the promising but troubled Collahuasi mine turns the corner after a tough 2012, the company's head of copper told Reuters. "Our expectation for this year's out
Published 09 Apr, 2013 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded August copper contract on the Shanghai Futures Exchange climbed by 0.50 percent to 54,590 yuan ($8,800) a tonne on Monday. "Investors are questioning the ability these (quantitative easing) projects have to fix the global economy," said Jo
Published 09 Apr, 2013 12:00am
Copper rebounds

Copper rebounds

Copper rose on Monday, rebounding from falls the previous week, as the euro gained ground against the dollar and a strike in Chile raised concerns over temporary supply constraints. Gains however, were capped by fears of a weaker metal demand outlook, hig
Published 09 Apr, 2013 12:00am
Crude rises, Brent's premium to WTI lowest since June

Crude rises, Brent's premium to WTI lowest since June

Oil prices edged higher on Monday, lifted by gains in gasoline futures and strong selling of the spread between Brent crude and US crude. Brent's premium to US West Texas Intermediate futures settled at $11.30 a barrel, after narrowing to just over $11 in
Published 09 Apr, 2013 12:00am
Tokyo rubber jumps 6.6 percent

Tokyo rubber jumps 6.6 percent

Benchmark Tokyo rubber futures climbed 6.6 percent on Monday in their biggest percentage gain in more than two years, ending at a 10-day closing-high as the yen continued to slide after the Bank of Japan lost no time in launching its new easing policy. Th
Published 09 Apr, 2013 12:00am
Palm oil rises to more than one-week highs

Palm oil rises to more than one-week highs

Malaysian palm oil futures edged up to more than one-week highs in thin trade on Monday as investors pinned their hopes on stockpiles having eased further in March, signalling stronger demand for the tropical oil, although the ringgit's recent rise capped
Published 09 Apr, 2013 12:00am
Cocoa surges in heavy volume; sugar moves higher

Cocoa surges in heavy volume; sugar moves higher

Cocoa futures on ICE and Liffe rallied in heavy volume Monday on investor short-covering that pushed the nearby London contract to a premium, while raw sugar inched higher in a choppy session after hitting resistance. Arabica coffee on ICE Futures US drop
Published 09 Apr, 2013 12:00am
Gold lower in Asia

Gold lower in Asia

Gold edged lower on Monday after rising by the most since November in the previous session on poor US jobs data, with funds expected to continue cutting bullion holdings for better investment yields elsewhere. But gold futures in Tokyo jumped almost 5 per
Published 09 Apr, 2013 12:00am
Gold slips in Europe

Gold slips in Europe

Gold edged lower on Monday, after rising by nearly 2 percent in the previous session, as funds were seen cutting bullion holdings for better investment yields in riskier assets such as equities. Spot gold dropped 0.4 percent to $1,575.26 an ounce by 1406
Published 09 Apr, 2013 12:00am
US MIDDAY: soyabeans soar

US MIDDAY: soyabeans soar

US soyabean futures rose on Monday, snapping a streak of three straight negative sessions, on technical buying and worries that delays in the South American harvest will further slow delivery of supplies from Argentina and Brazil, traders said.
Published 09 Apr, 2013 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell on Monday as a stronger performance in US equities and a dollar rise prompted investors to take profits after its rally in the previous session. Bullion market sentiment was also weakened after billionaire financier George Soros said gold has be
Published 09 Apr, 2013 12:00am
Three die as gas cylinder explodes

Three die as gas cylinder explodes

At least three persons were killed when a cylinder exploded in a passenger van in Tandlanwala area of the city. According to rescue sources, the incident occurred after the cylinder suddenly caught fire and exploded. Six others received burn injuries in t
Published 09 Apr, 2013 12:00am
World Health Day celebrated in Hyderabad

World Health Day celebrated in Hyderabad

A large number of students and the members of the faculty attended a 'Public Awareness Walk' arranged to celebrate the 'World Health Day' organised by the Department of Community Medicine and Public Health Sciences at Liaquat University of Medical and Hea
Published 09 Apr, 2013 12:00am
PTEA seeks release of stuck-up refunds

PTEA seeks release of stuck-up refunds

Major working capital of textile exporters has been stuck-up in local taxes drawback and custom rebate refund regimes which is jeopardising the country's exports and adversely hitting the national economy, said Asghar Ali, Chairman and Muhammad Asif, Vice
Published 09 Apr, 2013 12:00am
'MDTF project focusing on upgradation of SMEs'

'MDTF project focusing on upgradation of SMEs'

The Multi-Donor Trust Fund (MDTF) funded Economic Revitalisation of Khyber Pakhtunkhwa and Fata (ERKF) project is focusing on the up-gradation of SMEs of the region. This was stated by Project Manager, ERKF while talking to Industrial Association of Small
Published 09 Apr, 2013 12:00am
Polio eradication funds: Ulema demand probe into misuse

Polio eradication funds: Ulema demand probe into misuse

Expressing concern over financial misappropriation in the polio-eradication funds in Khyber Pakhtunkhwa, Ulema engaged in this campaign, demanded to conduct inquiry against the health officials allegedly involved in misuse of funds.
Published 09 Apr, 2013 12:00am
PTCL restores internet services

PTCL restores internet services

PTCL has fully restored its internet capacity that was affected by damage in an international submarine cable near Alexandria last week. The loss in bandwidth was unfortunately enhanced by a historic global cyber attack in the same time period. PTCL has m
Published 09 Apr, 2013 12:00am
Four injured in Nadra office attack

Four injured in Nadra office attack

At least four persons sustained injuries when an office of the National Database and Registration Authority (Nadra) was attacked with hand grenade in Kharan region of Balochistan on Monday. According to police sources, some unidentified motorcyclists thre
Published 09 Apr, 2013 12:00am
Bid to blow up Taftan train foiled

Bid to blow up Taftan train foiled

A bid to blow up Taftan passenger train with explosives, coming to Quetta from Iran, was foiled early Monday morning. According to details, some unidentified militants used a remote device, planted at the railway track near Dalbandin, to blow up Taftan pa
Published 09 Apr, 2013 12:00am
Shahzeb murder case: another witness refuses testimony

Shahzeb murder case: another witness refuses testimony

Another witness of Shahzeb Khan's murder case has refused testimony before the anti-terrorism court here on Monday. He told the court he was not present on the scene when Shahzeb was murdered, and did not see what happened. Speculations says that the witn
Published 09 Apr, 2013 12:00am
Blast outside former senator's house

Blast outside former senator's house

A bomb blast occurred in Phase-1 in Hayatabad Sector-1 outside the house of Nasir Afridi, an ex-senator from Khyber Agency, in the early hours of Monday. According to reports, the blast damaged the gate of the house while windows of some nearby homes were
Published 09 Apr, 2013 12:00am
Asia Foundation donates over 1,034 books to SU

Asia Foundation donates over 1,034 books to SU

The Asia Foundation (AF) Islamabad has provided over 1034 books on Monday relating to different disciplines to Sindh University, Jamshoro in a book exhibition for the central and seminar libraries of the university. Gareth Aicken, Country Representative o
Published 09 Apr, 2013 12:00am
Malakand University: employees stage protest against administration

Malakand University: employees stage protest against administration

Employees of different public sector universities on Monday staged a protest demonstration against the administration of Malakand University, and removal of their colleague. The protest was led by a member of Universities Employees Federation Khyber Pakht
Published 09 Apr, 2013 12:00am
Isolated rains likely

Isolated rains likely

The Met Office on Monday forecast widespread rains/thundershowers in Balochistan in the next 24 hours. It says isolated rains/thundershowers are also expected in Islamabad, upper and central Punjab, Khyber Pakhtunkhwa, Gilgit-Baltistan and Kashmir during
Published 09 Apr, 2013 12:00am
Torrential rain affects business activities in city

Torrential rain affects business activities in city

Torrential rain on Monday lashed the city, leading to stagnation of water on main roads and gushing of sewerage that affected business activities and general life in the city, traders said. The first spell of spring season rain hit the metropolis, leaving
Published 09 Apr, 2013 12:00am
Qureshi denounces allegations

Qureshi denounces allegations

A spokesman for Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Shah Mahmood Qureshi on Monday denounced allegations of default of parliament lodges dues. In a statement, the spokesman termed the allegations slanderous and defamatory and said the former mini
Published 09 Apr, 2013 12:00am
Integrated pest management need of hour: HEC official

Integrated pest management need of hour: HEC official

Higher Education Commission (HEC) Director General, Quality Assurance, Ms Zia Batool has said that University of Agriculture, Faisalabad (UAF) was playing a role model in the field of quality assurance as well as tenure track faculty hiring programs. She
Published 09 Apr, 2013 12:00am
APBF asks Supreme Court to probe into financial scam of outgoing rulers

APBF asks Supreme Court to probe into financial scam of outgoing rulers

Protesting the criminal step of the outgoing rulers to stash away billions of rupees, All Pakistan Business Forum (APBF) has asked the Supreme Court of Pakistan to probe a financial scam, involving advances made on political consideration just before the
Published 09 Apr, 2013 12:00am
Industrial workers: mobile teams to issue Pessi cards

Industrial workers: mobile teams to issue Pessi cards

On the demand of the Lahore Chamber of Commerce and Industry (LCCI), Punjab Employees Social Security Institution (Pessi) has decided to form mobile teams to issue Pessi cards to industrial workers. The decision was announced by the Commissioner Pessi Dr
Published 09 Apr, 2013 12:00am
Analysis of returns 90 percent of candidates elude tax payments

Analysis of returns 90 percent of candidates elude tax payments

The analysis of income tax returns filed by candidates contesting May 11 elections revealed that over 90 percent of the candidates have not paid tax, paid nominal tax or adjusted their tax liabilities after payment of meaner amount. Sources told Busine
Published 09 Apr, 2013 12:00am
Punjab chief minister reviews anti-polio campaign

Punjab chief minister reviews anti-polio campaign

Caretaker Punjab Chief Minister Najam Sethi has said that anti-polio campaign should continue effectively in the province and the parents should protect the future of their children by getting polio drops administered to them. He said polio is a dangerous
Published 09 Apr, 2013 12:00am
Three fall prey to Karachi violence

Three fall prey to Karachi violence

At least three persons were killed in separate incidents of violence at various parts of the metropolis here on Monday. According to police and rescue sources, a man identified as Javed along with his accomplice barged into his residence (house No 1298) l
Published 09 Apr, 2013 12:00am
SSC exams begin in Sindh

SSC exams begin in Sindh

The examinations of class IX and X (Secondary School Examination (SSC) began here on Monday in Sukkur, Khairpur, Ghotki, Noshehroferoze, Shikarpur, Jaccababad, kashmore and other districts of the Sindh in an peaceful atmosphere. The Sindh government has a
Published 09 Apr, 2013 12:00am
Etihad Airways wins Global CSR award

Etihad Airways wins Global CSR award

For the second year running, Etihad Airways, the national airline of the United Arab Emirates, has won the Global Corporate Social Responsibility leadership premium award at the 2013 CSR business excellence awards, organised by the National Forum for Envi
Published 09 Apr, 2013 12:00am
Drug pricing policy: Senate panel seeks early finalisation

Drug pricing policy: Senate panel seeks early finalisation

The Senate's Standing Committee on National Regulations and Services on Monday asked the Ministry of National Regulations and Services to finalise the 'drug pricing policy for 2013' as soon as possible for ensuring provision of medicines to masses at reas
Published 09 Apr, 2013 12:00am
Provinces told to submit report on 'ghost schools'

Provinces told to submit report on 'ghost schools'

The Supreme Court on Monday directed the Advocates-General of all provinces to submit survey reports conducted by district and sessions judges on 'ghost' schools by Tuesday (today). A three-member bench of the apex court headed by Chief Justice Iftikhar M
Published 09 Apr, 2013 12:00am
80 suspects held during operations

80 suspects held during operations

Law Enforcement Agencies (LEAs) on Monday claimed to have arrested over 80 suspects during targeted operations at various vicinities of Karachi. According to official sources, paramilitary rangers conducted search operations at different parts of Model Co
Published 09 Apr, 2013 12:00am
Libyan Consulate to be re-established in Karachi

Libyan Consulate to be re-established in Karachi

The Libyan Embassy in Islamabad has decided to re-establish its Consulate in Karachi, as it has felt immense need of the citizens and people living in the city's vicinity. The embassy has taken this decision in the largest interest and upon repeated reque
Published 09 Apr, 2013 12:00am
LHC to take up Dasti's case today

LHC to take up Dasti's case today

The Lahore High Court (LHC) Multan bench on Monday admitted an appeal for hearing, filed by former MNA Jamshed Dasti against his jail sentence in fake degree case. Dasti, who was to contest elections against former foreign minister Hina Rabbani Khar as an
Published 09 Apr, 2013 12:00am
Monitoring body for polls set up in Charsadda

Monitoring body for polls set up in Charsadda

District administration Charsadda constituted committee comprising of senior district officers for monitoring and reporting violations in election activities in the district. The committee was constituted in a meeting held with Deputy Commissioner (DC) Ch
Published 09 Apr, 2013 12:00am
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