AGL 40.10 Decreased By ▼ -0.90 (-2.2%)
AIRLINK 127.80 Decreased By ▼ -0.34 (-0.27%)
BOP 6.60 Decreased By ▼ -0.10 (-1.49%)
CNERGY 4.60 Increased By ▲ 0.08 (1.77%)
DCL 8.58 Decreased By ▼ -0.03 (-0.35%)
DFML 41.40 Increased By ▲ 0.31 (0.75%)
DGKC 86.50 Decreased By ▼ -0.63 (-0.72%)
FCCL 32.13 Decreased By ▼ -1.26 (-3.77%)
FFBL 65.40 Decreased By ▼ -0.01 (-0.02%)
FFL 10.27 Decreased By ▼ -0.20 (-1.91%)
HUBC 110.60 Decreased By ▼ -0.03 (-0.03%)
HUMNL 14.70 Decreased By ▼ -0.60 (-3.92%)
KEL 5.15 Increased By ▲ 0.17 (3.41%)
KOSM 7.15 Decreased By ▼ -0.28 (-3.77%)
MLCF 41.69 Decreased By ▼ -1.30 (-3.02%)
NBP 60.20 Decreased By ▼ -0.22 (-0.36%)
OGDC 194.48 Decreased By ▼ -3.16 (-1.6%)
PAEL 27.95 Decreased By ▼ -1.06 (-3.65%)
PIBTL 7.98 Decreased By ▼ -0.28 (-3.39%)
PPL 150.52 Decreased By ▼ -3.64 (-2.36%)
PRL 27.08 Increased By ▲ 2.08 (8.32%)
PTC 16.08 Decreased By ▼ -0.01 (-0.06%)
SEARL 78.20 Decreased By ▼ -0.25 (-0.32%)
TELE 7.42 Increased By ▲ 0.05 (0.68%)
TOMCL 35.70 Decreased By ▼ -0.39 (-1.08%)
TPLP 7.90 Decreased By ▼ -0.17 (-2.11%)
TREET 15.87 Decreased By ▼ -0.09 (-0.56%)
TRG 52.70 Decreased By ▼ -0.66 (-1.24%)
UNITY 26.65 Decreased By ▼ -0.06 (-0.22%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 9,920 Decreased By -52.1 (-0.52%)
BR30 30,751 Decreased By -346.3 (-1.11%)
KSE100 93,225 Decreased By -423.8 (-0.45%)
KSE30 28,885 Decreased By -132.9 (-0.46%)
Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-04-14
Spain to rescue regions with $19.7 billion for unpaid bills

Spain to rescue regions with $19.7 billion for unpaid bills

The Spanish government is putting finishing touches to a new bailout plan for its highly indebted regions to settle 15 billion euros ($19.7 billion) of unpaid bills to suppliers, Spanish Economy Minister Luis de Guindos said on Saturday. The plan will cov
Published 14 Apr, 2013 12:00am
Turkey's Ziraat to set up Islamic bank

Turkey's Ziraat to set up Islamic bank

Ziraat Bank, Turkey's largest state-run lender, is planning an Islamic bank, known locally as a "participation bank", and would consider going into partnership with a foreign lender, General Manager Huseyin Aydin. After proceeding slowly with the developm
Published 14 Apr, 2013 12:00am
Turkey's Ziraat to set up Islamic bank

Turkey's Ziraat to set up Islamic bank

Ziraat Bank, Turkey's largest state-run lender, is planning an Islamic bank, known locally as a "participation bank", and would consider going into partnership with a foreign lender, General Manager Huseyin Aydin. After proceeding slowly with the developm
Published 14 Apr, 2013 12:00am
France plans currency swap line with China

France plans currency swap line with China

France intends to set up a currency swap line with China to make Paris a major offshore yuan trading hub in Europe, competing against London, the China Daily on Saturday cited Bank of France Governor Christian Noyer as saying. Yuan deposits in Paris amoun
Published 14 Apr, 2013 12:00am
US puts Japan on notice in currency report

US puts Japan on notice in currency report

The Obama administration on Friday put Japan on notice that it was watching its economic policies to ensure they were not aimed at devaluing the yen to gain a competitive advantage. In a semi-annual report on currency practices of major trade partners, th
Published 14 Apr, 2013 12:00am
Immigration reform for US farm labourers agreed

Immigration reform for US farm labourers agreed

US growers, the United Farm Workers union and key senators agreed in principle on immigration reform for farm labourers, a grower coalition said on Friday, assuring the issue will be part of a comprehensive immigration bill to be unveiled next week. The a
Published 14 Apr, 2013 12:00am
Germany puts brakes on EU bank union with treaty call

Germany puts brakes on EU bank union with treaty call

Germany said European banking union will require changes to EU law, in a call that could slow completion of the plan designed to underpin the euro currency. Speaking after a meeting of European Union finance ministers on Saturday, Germany Finance Minister
Published 14 Apr, 2013 12:00am
Germany puts brakes on EU bank union with treaty call

Germany puts brakes on EU bank union with treaty call

Germany said European banking union will require changes to EU law, in a call that could slow completion of the plan designed to underpin the euro currency. Speaking after a meeting of European Union finance ministers on Saturday, Germany Finance Minister
Published 14 Apr, 2013 12:00am
Russian billionaire's daughter buys Onassis island Skorpios

Russian billionaire's daughter buys Onassis island Skorpios

The daughter of Russian billionaire Dmitry Rybolovlev has bought the Greek resort island where shipping tycoon Aristotle Onassis famously married Jacqueline Kennedy in the 1960s, Rybolovlev's investment office said. The sale price was not disclosed. Greek
Published 14 Apr, 2013 12:00am
Troika concludes Greek bailout review, next aid tranche soon

Troika concludes Greek bailout review, next aid tranche soon

An inspection team of international lenders has finished its review of Greece's reform progress, paving the way for another 10 billion euros aid payment, a source with knowledge of the talks said on Saturday. The deal reached on Friday, concludes the firs
Published 14 Apr, 2013 12:00am
Rubber prices may struggle despite Thailand's efforts

Rubber prices may struggle despite Thailand's efforts

Thailand's efforts to prop up rubber prices by cutting exports have met with some success, but they are likely to run into major headwinds in the next few months. Thailand, the world's biggest producer and exporter of natural rubber, together with Malaysi
Published 14 Apr, 2013 12:00am
New York cotton gains in late-day trading; price dip prompts buying

New York cotton gains in late-day trading; price dip prompts buying

Cotton futures rose on Friday during a late-session rally to post the largest daily gain in over a week, as declines to technical support triggered automatic buying, outweighing pressure from financial markets. The most-active July cotton contract on ICE
Published 14 Apr, 2013 12:00am
India's corn seen weak on supply; kapaskhali up

India's corn seen weak on supply; kapaskhali up

Corn futures in India, Asia's largest exporter of the grain, are expected to trade lower next week on a slowdown in fresh export orders, hopes of a pick-up in supplies from Bihar in coming weeks and expectations of higher winter crop. India's aggressive c
Published 14 Apr, 2013 12:00am
Vietnam rice prices drop as demand remains thin; India eyed

Vietnam rice prices drop as demand remains thin; India eyed

Vietnamese rice exporters cut their offer prices this month but demand remained thin amid rising regional supply, while big buyers of parboiled rice were looking to get cheap supplies from India, traders said on Wednesday.
Published 14 Apr, 2013 12:00am
Buyers hope for big Brazilian coffee crop may bring down price

Buyers hope for big Brazilian coffee crop may bring down price

Hopes that a large crop looming in top exporter Brazil will pressure prices braked buying of Brazilian arabica in Europe's cash coffee market this week, traders said on Friday. "Brazilian buying was slow this week as roasters face downward retail price pr
Published 14 Apr, 2013 12:00am
Brazil to double wheat-import quota

Brazil to double wheat-import quota

Brazil will double its wheat-import quota for purchases outside a regional free trade bloc and cut to zero its tariff on cotton imports to help industries expected to be hurt by high prices and low stocks. The country's foreign trade commission (Camex) on
Published 14 Apr, 2013 12:00am
New York gold sinks into bear market on institutional exodus

New York gold sinks into bear market on institutional exodus

Gold sank more than 5 percent on Friday, entering bear-market territory as institutional investors fled bullion in favour of other safe-haven assets amid concerns about central bank sales and souring sentiment. The breadth of the sell-off will underline s
Published 14 Apr, 2013 12:00am
Brent oil strikes eight-month low on demand downgrades

Brent oil strikes eight-month low on demand downgrades

Brent crude oil sank last week to an eight-month low, hit by the poor outlook after a raft of demand forecast downgrades and in line with the stronger dollar, analysts said. Precious metal gold meanwhile dived under $1,500 per ounce, reaching the lowest l
Published 14 Apr, 2013 12:00am
'Unscheduled loadshedding in Punjab must end'

'Unscheduled loadshedding in Punjab must end'

Punjab Chief Secretary Javed Iqbal has said that unscheduled load-shedding should be ended immediately in the province and its schedule should be observed. He expressed these views while presiding over a meeting for reviewing the load-shedding situation i
Published 14 Apr, 2013 12:00am
Four more kids die: measles continues to play havoc

Four more kids die: measles continues to play havoc

Despite claims of health authorities, measles continued to play havoc, as four more children become victims of the disease here at Mayo Hospital Lahore on Saturday. The victim children are identified as Aman, Subhan, Imran and Malaika, who were brought to
Published 14 Apr, 2013 12:00am
Over 70,000 kids to get anti-polio vaccine

Over 70,000 kids to get anti-polio vaccine

As many as 71,000 kids under five years of age will be administered anti-polio vaccine during the three-day drive starting from April 15. EDO Health Dr Iftikhar Hussain Qureshi said on Saturday that not a single polio case was reported from any part of th
Published 14 Apr, 2013 12:00am
Another petition seeks enforcement of Articles 62,63

Another petition seeks enforcement of Articles 62,63

The Lawyers Foundation for Justice (LFJ) has filed a petition before the Lahore High Court seeking the implementation on Articles 62 and 63 of the Constitution on candidates contesting the general elections. The petitioner stated that the Election Commiss
Published 14 Apr, 2013 12:00am
Doctors urged to update knowledge about heart diseases

Doctors urged to update knowledge about heart diseases

Young doctors should keep themselves abreast with new techniques and treatment for heart diseases having close connection with foreign researchers and experts for up dating their knowledge. This was stated by Professor Dr Bilal Zakriah, Chief Executive, P
Published 14 Apr, 2013 12:00am
Government urged to drastically slash number of official vehicles

Government urged to drastically slash number of official vehicles

Agri Forum Pakistan (AFP) Chairman Dr Ibrahim Mughal has urged the caretaker Prime Minister of Pakistan and Chief Minister Punjab to take immediate measures for slashing the number of vehicles being used by the bureaucracy to half, and checking the misapp
Published 14 Apr, 2013 12:00am
Nadra launches pension disbursement project

Nadra launches pension disbursement project

Nadra, in collaboration with EOBI has launched Pension Disbursement Project on the directives of the President of Pakistan for all the pensioners enrolled with EOBI. Pension shall be disbursed to EOBI pensioners holding Chip based Smart National Identity
Published 14 Apr, 2013 12:00am
Alavi urges combined efforts against polio

Alavi urges combined efforts against polio

Caretaker Sindh Chief Minister former Justice Zahid Qurban Alavi has called upon the Health Department and NGOs to bring the people of all segments of life at one platform for eradication of polio from Sindh. He speaking as chief guest at a dinner hosted
Published 14 Apr, 2013 12:00am
Award of tickets: disgruntled PTI workers say protests won't stop

Award of tickets: disgruntled PTI workers say protests won't stop

The disgruntled workers of Pakistan Tehreek-e-Insaf (PTI) on Saturday warned that they would further intensify movement, if the party central leadership not heed to address their grievances regarding unfair awarding of tickets in Khyber-Pakhtunkhwa.
Published 14 Apr, 2013 12:00am
Jimmy to organise solo exhibitions around the world

Jimmy to organise solo exhibitions around the world

Prominent Pakistani artist and social crusader Jimmy Engineer planned to organise more, bigger and solo international exhibitions of his paintings in different parts of the world. The main objective behind holding such selected shows of his art work is to
Published 14 Apr, 2013 12:00am
ECP urged to take notice of 'pre-poll rigging' in Mardan

ECP urged to take notice of 'pre-poll rigging' in Mardan

Pakistan Muslim League-Nawaz, Senior Vice president Nawabzada Khawaja Mohammad Khan Hoti termed the massive usage of funds by a political party as pre-poll rigging in district Mardan, urged the Election Commission of Pakistan (ECP) to take immediate notic
Published 14 Apr, 2013 12:00am
Major parties kick off election campaigns in southern Punjab

Major parties kick off election campaigns in southern Punjab

The Jamaat-i-Islami, MQM, PTI and PPP have launched their election campaign in various constituencies of Southern Punjab, as their candidates have visited party election offices and attended public meetings. PPP's Syed Yousaf Raza Gilani former prime mini
Published 14 Apr, 2013 12:00am
Book fair at GCU from April 16

Book fair at GCU from April 16

The Government College University Lahore is organising three-day Book Fair from Tuesday, April 16 to April 18 at the university's Bukhari Lawns to promote book-reading among students. A large number of national and international publishers would set up th
Published 14 Apr, 2013 12:00am
PPP leader joins APML

PPP leader joins APML

Hassan Raza Gilani, the cousin of the former Prime Minister and PPP senior leader Syed Yousuf Raza Gilani has formally joined the All Pakistan Muslim League (APML) of former President Pervez Musharraf. The APML spokesperson said Hassan Raza Gilani met Per
Published 14 Apr, 2013 12:00am
IAPS observes World Health Day

IAPS observes World Health Day

Iqra Army Pubic School (IAPS) on Saturday held a ceremony in connection with World Health Day here. Principal IAPS Major retired Amir highlighted the importance of health and urged the students to ensure the use of hygienic food and maintain cleanliness t
Published 14 Apr, 2013 12:00am
Four injured in Gandawa bomb explosion

Four injured in Gandawa bomb explosion

At least four people were injured in an explosion in the Gandawa area of Jhal Magsi district of Balochistan, Levis officials said on Saturday. They said that a convoy of supporters of former Balochistan MPA Sardar Yar Mohammad Rind was on way from Shoran
Published 14 Apr, 2013 12:00am
KESC announces eight-hour per day loadshedding for industries

KESC announces eight-hour per day loadshedding for industries

Owing to a reduced supply of gas to Karachi Electric Supply Company (KESC) industries would have to face power outages for at least eight hours a day henceforth. In an official statement issued here, the power utility claimed facing a major decrease in th
Published 14 Apr, 2013 12:00am
Capital police fail to control crime

Capital police fail to control crime

The Capital police have failed to break the network of car lifters and robbers in the federal Capital, as 11 cases of carjacking, 10 of robbery and eight of fake cheques have reported to the city different police stations during the last week.
Published 14 Apr, 2013 12:00am
Food festival features Asean cuisines

Food festival features Asean cuisines

For some people food is just a necessity to satisfy basic needs, for the others food is more than just a basic necessity, as it tells you a lot about the history, traditions, climate, culture and the evolution of the communities, nations and the regions.
Published 14 Apr, 2013 12:00am
Benazir's murder: Musharraf, others summoned by ATC

Benazir's murder: Musharraf, others summoned by ATC

An Anti-Terrorist Court (ATC) on Saturday summoned all accused in Benazir Bhutto murder case including former president Pervez Musharraf, to the next hearing. ATC judge Chaudhry Habibur Rehman while hearing the case issued summons for former president Per
Published 14 Apr, 2013 12:00am
US embassy holds International Young Alumni Conference

US embassy holds International Young Alumni Conference

The United States Embassy on Saturday brought together more than 400 alumni of US exchange programmes from Pakistan, Afghanistan, India, and the United States under the theme 'The Faces of Change, the Changes We Face'. Addressing the International Young A
Published 14 Apr, 2013 12:00am
PML-N committed to steering country out of crises: Shahbaz

PML-N committed to steering country out of crises: Shahbaz

Pakistan Muslim League-Nawaz (PML-N) senior leader and former Punjab Chief Minister Muhammad Shahbaz Sharif expressed his resolve to revive the confidence of people by instilling hope and restoring national dignity and laying foundation for a sustainable
Published 14 Apr, 2013 12:00am
State Life pays Rs 24.36 billion against claims in 2012: convention held

State Life pays Rs 24.36 billion against claims in 2012: convention held

State Life Insurance Corporation of Pakistan in the year 2012 has paid total amount of Rs 24.36 billion against all claims, thus providing financial protection and savings to thousands of valued policyholders and their families nation-wide. This was state
Published 14 Apr, 2013 12:00am
BSEK fails to curb use of unfair means in exams

BSEK fails to curb use of unfair means in exams

The Board of Secondary Education Karachi (BSEK) has miserably failed to curb the use of unfair means during the on going SSC part I and II examinations, sources said on Saturday. The Matric Board had set up hundreds of examination centres in the city to c
Published 14 Apr, 2013 12:00am
Bomb defused outside JUI-F candidate's hujra

Bomb defused outside JUI-F candidate's hujra

The Bomb Disposal Squad (BDS) on Saturday defused a bomb outside the hujra of former JUI-F's provincial minister and running candidate Fazl Ali Haqqani in Swabi. According to police, unknown miscreants had planted explosive material in a pressure cooker o
Published 14 Apr, 2013 12:00am
Towel exports decline on back of power, gas cuts: TMA chief

Towel exports decline on back of power, gas cuts: TMA chief

A weakening domestic economy, poor law and order situation, political uncertainty and Pakistan's tarnished image abroad all resulted in the decline of the country's exports, especially its textile share on the world market. "Cuts in gas and electricity su
Published 14 Apr, 2013 12:00am
Militants destroy school, houses in Bara

Militants destroy school, houses in Bara

Militants on Saturday destroyed another primary school in Tehsil Bara of Khyber Agency with explosives and set two houses of members of peace militia on fire. According to official sources, militants planted explosives in boys' primary school in Aka Khel
Published 14 Apr, 2013 12:00am
Power supply to 46 Pesco defaulters disconnected

Power supply to 46 Pesco defaulters disconnected

National Accountability Bureau (NAB) in joint recovery campaign against power defaulters of Peshawar Electricity Supply Company (Pesco) disconnected power supply to 46 industrial and commercial consumers over non-payment of an outstanding amount of Rs 15
Published 14 Apr, 2013 12:00am
Sindh caretaker cabinet gets three more ministers

Sindh caretaker cabinet gets three more ministers

Sindh caretaker cabinet was expanded by inducting three more members here Saturday raising the total strength to twenty. Sindh Governor Dr Ishratul Ebad Khan administered the oath to the new entrants Shuja Ahmed Junejo, Hasan Ali Sharif and Muhammad Jafar
Published 14 Apr, 2013 12:00am
Judiciary responsible to check unconstitutional measures: CJP

Judiciary responsible to check unconstitutional measures: CJP

Chief Justice Iftikhar Muhammad Chaudhry has said that judiciary has a responsibility to refrain state institutions from taking unconstitutional measures. Speaking to a delegation of PAF War College here on Saturday, the Chief Justice said the Supreme Cou
Published 14 Apr, 2013 12:00am
Nawaz, Shahbaz: ECP's directive to withdraw security termed unjustified

Nawaz, Shahbaz: ECP's directive to withdraw security termed unjustified

PML-N spokes-man Senator Pervaiz Rashid said on Saturday that ECP's directive to withdraw security cover of Nawaz Sharif and Shahbaz Sharif was unjustified and unilateral. "Given the prevailing security situation of the country, the level of security and
Published 14 Apr, 2013 12:00am
NA seats reserved for women: ECP accepts 57 nomination papers

NA seats reserved for women: ECP accepts 57 nomination papers

The Election Commission of Pakistan (ECP) has accepted 57 nomination papers from Sindh for reserved seats for women in the National Assembly. Faryal Talpur, Shazia Marri, Nafisa Shah, Marvi Memon and Dr Rahila Magsi are among them. National Assembly has a
Published 14 Apr, 2013 12:00am
Rangers detain 24 suspects

Rangers detain 24 suspects

Sindh Rangers on Saturday claimed arresting 24 suspects, besides seizing a large number of weapons during search operations in Bin Qasim and Lyari areas. According to officials, paramilitary Rangers conducted targeted operations in various areas of Lyari
Published 14 Apr, 2013 12:00am
Father, son among six gunned down in Karachi

Father, son among six gunned down in Karachi

At least six persons including a father and his son were killed while two others including a woman sustained injuries in separate armed ambushes at various parts of the metropolis, here on Saturday. According to police and rescue sources, armed assailants
Published 14 Apr, 2013 12:00am
PCCC pensioners

PCCC pensioners

I have been observing the decline of PCCC and have also been reading letters and reports regarding PCCC in newspapers. When APTMA took over PCCC, it was hoped that APTMA would revitalise PCCC and motivate its employees. It was also hoped that APTMA would
Published 14 Apr, 2013 12:00am
Nusra pledge to Qaeda boosts Syria regime: analysts

Nusra pledge to Qaeda boosts Syria regime: analysts

The public pledge of allegiance to al Qaeda by Syria's fiercest rebel group, Al-Nusra Front, serves the interests of President Bashar al-Assad's regime, analysts say. "It's a point in the regime's favour because it reinforces the official narrative that c
Published 14 Apr, 2013 12:00am
Romania battles drug abuse in prisons

Romania battles drug abuse in prisons

A group of 25 young members of the Jaliva prison choir sing in chorus: "I would rather love than be loved. I would rather give than receive. I would rather understand than be understood." The group practices in a community room in the more than 100-year-o
Published 14 Apr, 2013 12:00am
Quaid's vision of foreign policy

Quaid's vision of foreign policy

The Founder of Pakistan Quaid-i-Azam Mohammad Ali Jinnah had envisioned the newly independent Muslim state's foreign policy to be one of "peace with all, and enmity with none". Pakistan must follow the doctrine of non-alignment, said the Quaid-i-Azam, in
Published 14 Apr, 2013 12:00am
Under the looming threat

Under the looming threat

The TTP was generally said to be anti-democratic, saying it is anti-Islamic. But the targeted killing of an MQM candidate gives away the nasty dimension to its thinking that it is also a 'party' to the electoral process now under way in Pakistan. On Thurs
Published 14 Apr, 2013 12:00am
Baloch must get a level-playing field

Baloch must get a level-playing field

While the Baloch nationalist parties took the first important step to return to mainstream politics by deciding to participate in the national elections, the Centre's response to their concerns has been rather slow, if inadequate. The Election Commission
Published 14 Apr, 2013 12:00am
Prices of most essential food items increase sharply

Prices of most essential food items increase sharply

Prices of most of the essential food items including vegetables and fruits registered a sharp increase in the week past as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday.
Published 14 Apr, 2013 12:00am
PML-Q announces candidates for 10 NA, 19 PA seats

PML-Q announces candidates for 10 NA, 19 PA seats

Pakistan Muslim League-Q President, Chaudhry Shujat Hussain after seat adjustment with the Pakistan Peoples Party has announced names of PML-Q's final candidates for 10 constituencies of the National Assembly while the candidates for the remaining constit
Published 14 Apr, 2013 12:00am
US slams killing of MQM's candidate

US slams killing of MQM's candidate

The United States on Saturday condemned the killing of MQM' candidate Fakhrul Islam in Hyderabad. In a statement, White House said that such attacks would not deter Pakistanis from becoming a democratic nation. On Thursday, Fakhr-ul-Islam, who has to take
Published 14 Apr, 2013 12:00am
Major Kharif crop yields likely to decline

Major Kharif crop yields likely to decline

The production of major Kharif crops is likely to decline due to shortage of water, non-availability of electricity, expensive fertilisers, diesel and manifold increase in the prices of other inputs like tractors, pesticides and farm machinery in the coun
Published 14 Apr, 2013 12:00am
EOBI-registered employees number exceeds three million: DG

EOBI-registered employees number exceeds three million: DG

Director-General of Employees Old Age Benefits Institution (EOBI) Iqbal Haider Zaidi has advised employers to get their employees registered with EOBI online. Speaking at a function organised by Korangi Association of Trade and Industry (KATI), he said th
Published 14 Apr, 2013 12:00am
Palestinian Prime Minister Fayyad resigns

Palestinian Prime Minister Fayyad resigns

Palestinian Prime Minister Salam Fayyad formally presented his resignation to president Mahmud Abbas on Saturday, a Palestinian official said. "Fayyad met Abbas for half an hour in the president's headquarters in Ramallah in the West Bank and officially h
Published 14 Apr, 2013 12:00am
Palestinian Prime Minister Fayyad resigns

Palestinian Prime Minister Fayyad resigns

Palestinian Prime Minister Salam Fayyad formally presented his resignation to president Mahmud Abbas on Saturday, a Palestinian official said. "Fayyad met Abbas for half an hour in the president's headquarters in Ramallah in the West Bank and officially h
Published 14 Apr, 2013 12:00am
EU big guns gain ground in battle over tax-fraud

EU big guns gain ground in battle over tax-fraud

Europe''s biggest countries gained ground Saturday in their bid to recover some of the one trillion euros lost each year to tax fraud and money laundering, despite hold-out Austria railing against government "snooping" into bank accounts.
Published 14 Apr, 2013 12:00am
EU big guns gain ground in battle over tax-fraud

EU big guns gain ground in battle over tax-fraud

Europe's biggest countries gained ground Saturday in their bid to recover some of the one trillion euros lost each year to tax fraud and money laundering, despite hold-out Austria railing against government "snooping" into bank accounts.
Published 14 Apr, 2013 12:00am
EU big guns gain ground in battle over tax-fraud

EU big guns gain ground in battle over tax-fraud

Europe's biggest countries gained ground Saturday in their bid to recover some of the one trillion euros lost each year to tax fraud and money laundering, despite hold-out Austria railing against government "snooping" into bank accounts.
Published 14 Apr, 2013 12:00am
US, China agree on North Korea denuclearisation push

US, China agree on North Korea denuclearisation push

The United States and China agreed on Saturday to make a joint effort to push for the peaceful denuclearization of the Korean peninsula, following weeks of bellicose rhetoric from North Korea and rising tensions in north-east Asia. US Secretary of State J
Published 14 Apr, 2013 12:00am
US, China agree on North Korea denuclearisation push

US, China agree on North Korea denuclearisation push

The United States and China agreed on Saturday to make a joint effort to push for the peaceful denuclearization of the Korean peninsula, following weeks of bellicose rhetoric from North Korea and rising tensions in north-east Asia. US Secretary of State J
Published 14 Apr, 2013 12:00am
Musharraf's case: SC urged to form full court bench minus CJP

Musharraf's case: SC urged to form full court bench minus CJP

The Supreme Court was urged on Saturday to form a full court bench except the Chief Justice Iftikhar Muhammad Chaudhry to hear five identical petitions that had sought the prosecution of former President and army chief Pervez Musharraf under Article 6 of
Published 14 Apr, 2013 12:00am
Musharraf's case: SC urged to form full court bench minus CJP

Musharraf's case: SC urged to form full court bench minus CJP

The Supreme Court was urged on Saturday to form a full court bench except the Chief Justice Iftikhar Muhammad Chaudhry to hear five identical petitions that had sought the prosecution of former President and army chief Pervez Musharraf under Article 6 of
Published 14 Apr, 2013 12:00am
Van explosion claims nine lives in Peshawar

Van explosion claims nine lives in Peshawar

At least nine commuters were killed and 10 others including three women injured in a powerful explosion on a passenger van here in Mathani, a suburban locality of the provincial metropolis on Saturday. According to police, five-kilogram explosive material
Published 14 Apr, 2013 12:00am
Van explosion claims nine lives in Peshawar

Van explosion claims nine lives in Peshawar

At least nine commuters were killed and 10 others including three women injured in a powerful explosion on a passenger van here in Mathani, a suburban locality of the provincial metropolis on Saturday. According to police, five-kilogram explosive material
Published 14 Apr, 2013 12:00am
Elections will be a milestone: US

Elections will be a milestone: US

The United States said that the upcoming general elections in Pakistan will prove a milestone in the country's history. Director US National Intelligence James Clapper told a Congressional hearing in Washington that lack of effective tax reforms and colle
Published 14 Apr, 2013 12:00am
Elections will be a milestone: US

Elections will be a milestone: US

The United States said that the upcoming general elections in Pakistan will prove a milestone in the country's history. Director US National Intelligence James Clapper told a Congressional hearing in Washington that lack of effective tax reforms and colle
Published 14 Apr, 2013 12:00am
Army to be deployed at ballot printing presses

Army to be deployed at ballot printing presses

Election Commission of Pakistan (ECP) has decided to deploy Army personnel at Printing Corporation Pakistan Press, Islamabad /Lahore offices and the Pakistan Security Printing Corporation, Karachi, to supervise the printing of ballot papers. Pakistan Army
Published 14 Apr, 2013 12:00am
Army to be deployed at ballot printing presses

Army to be deployed at ballot printing presses

Election Commission of Pakistan (ECP) has decided to deploy Army personnel at Printing Corporation Pakistan Press, Islamabad /Lahore offices and the Pakistan Security Printing Corporation, Karachi, to supervise the printing of ballot papers. Pakistan Army
Published 14 Apr, 2013 12:00am
Militants blow up election office in Miranshah

Militants blow up election office in Miranshah

Militants blew up the election office of an independent candidate in North Waziristan on Saturday, adding to security fears ahead of historic national polls next month. No one was hurt in the bombing in Miranshah. But the bombing is likely to fuel concern
Published 14 Apr, 2013 12:00am
Militants blow up election office in Miranshah

Militants blow up election office in Miranshah

Militants blew up the election office of an independent candidate in North Waziristan on Saturday, adding to security fears ahead of historic national polls next month. No one was hurt in the bombing in Miranshah. But the bombing is likely to fuel concern
Published 14 Apr, 2013 12:00am
Information only relevant when provided at the right time

Information only relevant when provided at the right time

There was a time that the State Bank of Pakistan was known for providing timely, accurate and unbiased economic data and analyses, even at times when its assessment of the economy was at odds with a rosy picture painted by the Ministry of Finance. Unfortu
Published 14 Apr, 2013 12:00am
Information only relevant when provided at the right time

Information only relevant when provided at the right time

There was a time that the State Bank of Pakistan was known for providing timely, accurate and unbiased economic data and analyses, even at times when its assessment of the economy was at odds with a rosy picture painted by the Ministry of Finance. Unfortu
Published 14 Apr, 2013 12:00am
Information only relevant when provided at the right time

Information only relevant when provided at the right time

There was a time that the State Bank of Pakistan was known for providing timely, accurate and unbiased economic data and analyses, even at times when its assessment of the economy was at odds with a rosy picture painted by the Ministry of Finance. Unfortu
Published 14 Apr, 2013 12:00am
Information only relevant when provided at the right time

Information only relevant when provided at the right time

There was a time that the State Bank of Pakistan was known for providing timely, accurate and unbiased economic data and analyses, even at times when its assessment of the economy was at odds with a rosy picture painted by the Ministry of Finance. Unfortu
Published 14 Apr, 2013 12:00am
Bad law and order hampers business activity

Bad law and order hampers business activity

The State Bank of Pakistan has said that non-economic factors such as poor law-and-order situation continue to hamper commercial activity. According to SBP''''s second quarterly report on the State of Economy Pakistan, the frequency of nation-wide strikes
Published 14 Apr, 2013 12:00am
Bad law and order hampers business activity

Bad law and order hampers business activity

The State Bank of Pakistan has said that non-economic factors such as poor law-and-order situation continue to hamper commercial activity. According to SBP''s second quarterly report on the State of Economy Pakistan, the frequency of nation-wide strikes a
Published 14 Apr, 2013 12:00am
Previous Day