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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-04-15
US drones kill four in Datta Khel

US drones kill four in Datta Khel

At least four militants have been killed by a US drone strike on Sunday in North Waziristan, security officials said. The attack took place in Datta Khel town, 35 kilometres (22 miles) west of Miranshah, the main town in the lawless North Waziristan regio
Published 15 Apr, 2013 12:00am
US drones kill four in Datta Khel

US drones kill four in Datta Khel

At least four militants have been killed by a US drone strike on Sunday in North Waziristan, security officials said. The attack took place in Datta Khel town, 35 kilometres (22 miles) west of Miranshah, the main town in the lawless North Waziristan regio
Published 15 Apr, 2013 12:00am
New tribunal to hear appeals against Nawaz and Shahbaz

New tribunal to hear appeals against Nawaz and Shahbaz

The Election Commission of Pakistan (ECP) has changed the tribunal for hearing the appeals against Pakistan Muslim League-Nawaz (PML-N) Chief Mian Nawaz Sharif and his brother Mian Shahbaz Sharif. According to a notification issued on Sunday, the appeals
Published 15 Apr, 2013 12:00am
Fake degree issue: 11 former lawmakers de-notified

Fake degree issue: 11 former lawmakers de-notified

Election Commission of Pakistan (ECP) on Sunday de-notified as many as 11 former parliamentarians for having fake degrees. According to the sources, the ECP de-notified parliamentarians includes three former Senators, five former members of Punjab Assembl
Published 15 Apr, 2013 12:00am
US ready to 'reach out' to North Korea: Kerry

US ready to 'reach out' to North Korea: Kerry

US Secretary of State John Kerry on Sunday stressed the United States is willing to engage with North Korea as long as it takes steps to give up nuclear weapons. He also vowed the United States would protect its Asian allies against any provocative acts b
Published 15 Apr, 2013 12:00am
Futures spreads up 165 basis points

Futures spreads up 165 basis points

Futures spreads increased by 165 basis points during the outgoing week to 9.36 percent. Trading activity on the futures counter witnessed negative trend as average daily volumes remained low by 37.7 percent to 12.04 million shares. Similarly, the average
Published 15 Apr, 2013 12:00am
Futures spreads up 165 basis points

Futures spreads up 165 basis points

Futures spreads increased by 165 basis points during the outgoing week to 9.36 percent. Trading activity on the futures counter witnessed negative trend as average daily volumes remained low by 37.7 percent to 12.04 million shares. Similarly, the average
Published 15 Apr, 2013 12:00am
Futures spreads up 165 basis points

Futures spreads up 165 basis points

Futures spreads increased by 165 basis points during the outgoing week to 9.36 percent. Trading activity on the futures counter witnessed negative trend as average daily volumes remained low by 37.7 percent to 12.04 million shares. Similarly, the average
Published 15 Apr, 2013 12:00am
Futures spreads up 165 basis points

Futures spreads up 165 basis points

Futures spreads increased by 165 basis points during the outgoing week to 9.36 percent. Trading activity on the futures counter witnessed negative trend as average daily volumes remained low by 37.7 percent to 12.04 million shares. Similarly, the average
Published 15 Apr, 2013 12:00am
Index gains 78.25 points

Index gains 78.25 points

Amid political tension in the country, investors at Karachi Stock Exchange preferred to remain on the sidelines throughout last week. The KSE-100 index closed at 18,714.28 after gaining 78.25 points while average volumes plunged by 33 percent WoW to 142 m
Published 15 Apr, 2013 12:00am
Index gains 78.25 points

Index gains 78.25 points

Amid political tension in the country, investors at Karachi Stock Exchange preferred to remain on the sidelines throughout last week. The KSE-100 index closed at 18,714.28 after gaining 78.25 points while average volumes plunged by 33 percent WoW to 142 m
Published 15 Apr, 2013 12:00am
Index gains 78.25 points

Index gains 78.25 points

Amid political tension in the country, investors at Karachi Stock Exchange preferred to remain on the sidelines throughout last week. The KSE-100 index closed at 18,714.28 after gaining 78.25 points while average volumes plunged by 33 percent WoW to 142 m
Published 15 Apr, 2013 12:00am
Top political leaders: ministry chalks out security plan

Top political leaders: ministry chalks out security plan

The Interior Ministry has drawn up a security plan for the top leadership of political parties during the election campaign. Politicians have been placed in two categories and they would be given security as per the new plan and the authorities have start
Published 15 Apr, 2013 12:00am
Top political leaders: ministry chalks out security plan

Top political leaders: ministry chalks out security plan

The Interior Ministry has drawn up a security plan for the top leadership of political parties during the election campaign. Politicians have been placed in two categories and they would be given security as per the new plan and the authorities have start
Published 15 Apr, 2013 12:00am
ECP bans use of religion for seeking votes

ECP bans use of religion for seeking votes

The Election Commission of Pakistan (ECP) has made it clear that no candidate would be allowed to seek votes in the name of religion or sectarianism in the upcoming general elections, scheduled to be held on May 11. ECP issued directives in this regard on
Published 15 Apr, 2013 12:00am
ECP bans use of religion for seeking votes

ECP bans use of religion for seeking votes

The Election Commission of Pakistan (ECP) has made it clear that no candidate would be allowed to seek votes in the name of religion or sectarianism in the upcoming general elections, scheduled to be held on May 11. ECP issued directives in this regard on
Published 15 Apr, 2013 12:00am
ANP leader killed in bomb attack

ANP leader killed in bomb attack

A roadside bomb planted by the Taliban in Mingora killed a local ANP leader on Sunday, a month before the country votes in a historic general election, while a ANP candidate from PK-21 and three others were injured in another bomb attack in Katozai area o
Published 15 Apr, 2013 12:00am
ANP leader killed in bomb attack

ANP leader killed in bomb attack

A roadside bomb planted by the Taliban in Mingora killed a local ANP leader on Sunday, a month before the country votes in a historic general election, while a ANP candidate from PK-21 and three others were injured in another bomb attack in Katozai area o
Published 15 Apr, 2013 12:00am
Election Outlook-IV: Punjab always matters

Election Outlook-IV: Punjab always matters

The proponents of various ethnolinguistic vitality models plausibly argue that 'the Punjabis are the most powerful economic group in Pakistan' and that `Punjab is the most populous and prosperous province of the country, notorious for its dominance in arm
Published 15 Apr, 2013 12:00am
Election Outlook-IV: Punjab always matters

Election Outlook-IV: Punjab always matters

The proponents of various ethnolinguistic vitality models plausibly argue that 'the Punjabis are the most powerful economic group in Pakistan' and that `Punjab is the most populous and prosperous province of the country, notorious for its dominance in arm
Published 15 Apr, 2013 12:00am
THE RUPEE: bulls dominate

THE RUPEE: bulls dominate

The rupee, somehow managed to hold in command over the US currency on the back of slight improvement in supply of the greenback during the week ended on April 13. On the interbank market, the rupee picked up 17 paisa in relation to the dollar for buying a
Published 15 Apr, 2013 12:00am
THE RUPEE: bulls dominate

THE RUPEE: bulls dominate

The rupee, somehow managed to hold in command over the US currency on the back of slight improvement in supply of the greenback during the week ended on April 13. On the interbank market, the rupee picked up 17 paisa in relation to the dollar for buying a
Published 15 Apr, 2013 12:00am
PPP to double BISP stipend: Bilawal

PPP to double BISP stipend: Bilawal

Pakistan People's Party (PPP) Chairman Bilawal Bhutto-Zardari has said the PPP would sweep the upcoming general elections with the support of the people of Pakistan to form the next government in Islamabad once again to further take forward Pakistan in th
Published 15 Apr, 2013 12:00am
PPP to double BISP stipend: Bilawal

PPP to double BISP stipend: Bilawal

Pakistan People's Party (PPP) Chairman Bilawal Bhutto-Zardari has said the PPP would sweep the upcoming general elections with the support of the people of Pakistan to form the next government in Islamabad once again to further take forward Pakistan in th
Published 15 Apr, 2013 12:00am
The Weather

The Weather

The weather report on Sunday (April 14, 2013) and the forecast for Monday (April 15, 2013).

Published 15 Apr, 2013 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 08 to April 12, 2013).

Published 15 Apr, 2013 12:00am
Christian couple found shot dead

Christian couple found shot dead

A married couple was found dead inside a hut at Hawks Bay in the jurisdiction of Maripur Police Station in Karachi on Sunday. According to the police, the couple, identified as Jaseeta Robin and Beena Robin, was shot dead. According to the sources, the vi
Published 15 Apr, 2013 12:00am
MQM will play major role in post-election scenario: Sattar

MQM will play major role in post-election scenario: Sattar

MQM will play a major role in the post-election scenario, MQM's Deputy Convenor Dr Farooq Sattar said on Sunday. He said this while talking with media persons after meeting with a delegation of Pakistan Muslim League-Quad (PML-Q), which was led by its Gen
Published 15 Apr, 2013 12:00am
Cotton prices softer amid largely subdued trading

Cotton prices softer amid largely subdued trading

COTTON: Local cotton prices have become softer this week as trading remained largely subdued. Sources report that mills bought sparingly during the course of the last few days in anticipation of possible disruptions in business activities during th
Published 15 Apr, 2013 12:00am
Dr Mughal leaves for Turkey

Dr Mughal leaves for Turkey

Professor Dr Nazir A Mughal, the Vice Chancellor of the University of Sindh, Jamshoro proceeds to Turkey in the delegation of Governor Sindh Dr Ishratul Ebad Khan for developing academic linkages with various universities there. The delegation will work v
Published 15 Apr, 2013 12:00am
Export of value-added items must be increased: Minister

Export of value-added items must be increased: Minister

Federal Minister for Commerce and Textile Maqbool H H Rahmatoola on Sunday said we must increase export of value added items for the survival of the country. He said that government is working on increasing exports while focusing on small and medium enter
Published 15 Apr, 2013 12:00am
Except for Sindh, JI will fly solo in polls: Munawar

Except for Sindh, JI will fly solo in polls: Munawar

The Jamaat-i-Islami (JI) and the 10-party alliance in Sindh will spring a 'pleasant surprise' in Sindh in the upcoming May 11 general elections, JI's Amir Syed Munawar Hasan said on Sunday. He said that his party would "fly solo" elsewhere in Pakistan und
Published 15 Apr, 2013 12:00am
'There is no way around improving relations with India,' Imtiaz Gul

'There is no way around improving relations with India,' Imtiaz Gul

Imtiaz Gul is a renowned defence and political analyst. He is currently the Executive Director of 'Center for Research and Security Studies', Islamabad, which he founded in December 2007 for independent research and advocacy on issues of governance, secur
Published 15 Apr, 2013 12:00am
'There is no way around improving relations with India,' Imtiaz Gul

'There is no way around improving relations with India,' Imtiaz Gul

Imtiaz Gul is a renowned defence and political analyst. He is currently the Executive Director of 'Center for Research and Security Studies', Islamabad, which he founded in December 2007 for independent research and advocacy on issues of governance, secur
Published 15 Apr, 2013 12:00am
Jordanian, Syrian tensions mount as refugee crisis deepens

Jordanian, Syrian tensions mount as refugee crisis deepens

Abu Khalil al-Saoud returned to his car following shopping only to find the 1998 Toyota's windshield cracked and driver's side window smashed. The 30-year-old Syrian said one reason why his car was singled out of the dozens of vehicles lined up along the
Published 15 Apr, 2013 12:00am
What is there to celebrate?

What is there to celebrate?

What is there to celebrate except that the last ostensibly democratic government, for the first time in the history of this country, was successful in completing its five-year term? Nothing else is worthy of mention except half a decade of bad governance.
Published 15 Apr, 2013 12:00am
India's 'dhow' shipbuilders sunk by anti-piracy ban

India's 'dhow' shipbuilders sunk by anti-piracy ban

Shailesh Madiyar forlornly surveys the giant shipyard in the Indian port of Mandvi. A place synonymous with wooden boat-building for centuries, it now lies largely deserted. "Four years ago, around 20 ships were being made at any one time, now there are j
Published 15 Apr, 2013 12:00am
Who can contest elections?

Who can contest elections?

Article 63 (1) (n) and (o) of Pakistan's constitution specifically state that a person stands disqualified from standing for elections if he is a loan defaulter or a defaulter of utility bills - two sub-clauses that pre-date the eighteenth constitutional
Published 15 Apr, 2013 12:00am
ECP's over enthusiasm

ECP's over enthusiasm

The Election Commission of Pakistan (ECP) seems to be going overboard in its enthusiasm to establish impartiality. Relying mostly on media reports it has been issuing directives that have the potential of creating rather than resolving problems. In its la
Published 15 Apr, 2013 12:00am
No rate cut: another opportunity squandered

No rate cut: another opportunity squandered

It is believed, and rightly so, that State Bank of Pakistan considers a huge amount of information on the state of economy. The factors its men of wisdom consider when making rate decisions include GDP growth; bank lending and consumer credit figures; equ
Published 15 Apr, 2013 12:00am
Saudi executed for machinegun murder

Saudi executed for machinegun murder

Saudi authorities on Sunday beheaded a citizen in the western city of Medina after he was convicted of shooting dead another man, the interior ministry said. Sultan bin Rashid al-Mutairi had been found guilty of using a machinegun to kill Mused bin Nayer
Published 15 Apr, 2013 12:00am
Arson against Sri Lanka paper targets Tamil vote: party

Arson against Sri Lanka paper targets Tamil vote: party

Sri Lanka's main Tamil party accused the government on Sunday of attacking the biggest opposition newspaper in an attempt to silence its political rivals ahead of key local council elections.
Published 15 Apr, 2013 12:00am
Germany looking to buy weaponised drones from Israel

Germany looking to buy weaponised drones from Israel

Germany is in talks with Israel to buy weaponised drones for its military that are seen as more technologically advanced than US ones, the weekly Der Spiegel reported. The news magazine's Monday edition said the German defence ministry had already held tw
Published 15 Apr, 2013 12:00am
Bombs and gun battles kill at least 19 in Somali capital

Bombs and gun battles kill at least 19 in Somali capital

At least 19 people were killed in the Somali capital on Sunday in suicide bombings and assaults by al Shabaab militants linked to al Qaeda, breaking a fragile return to peace in Mogadishu. A bomb exploded outside law courts in the city as gunmen stormed t
Published 15 Apr, 2013 12:00am
US guards quell Guantanamo prison unrest

US guards quell Guantanamo prison unrest

Guards at the Guantanamo Bay prison fired several non-lethal shots to quell prisoner unrest Saturday as they relocated inmates into individual cells, US military officials said. Officials at the US-run prison met with resistance from some inmates as they
Published 15 Apr, 2013 12:00am
Myanmar urged to allow OIC delegation

Myanmar urged to allow OIC delegation

The Organisation of Islamic Cooperation Sunday urged authorities in Myanmar to allow a ministerial delegation to visit the country to discuss deadly violence against Muslims. The world's top Islamic body, in a statement following a meeting in the Saudi Re
Published 15 Apr, 2013 12:00am
China says bird flu death toll rises to 13

China says bird flu death toll rises to 13

Two people in the central Chinese province of Henan have been infected by a new strain of avian influenza, the first cases found in the region, while the death toll has risen to 13 from a total of 60 infections after two more deaths in Shanghai.
Published 15 Apr, 2013 12:00am
Billions extra to reform education in Australia

Billions extra to reform education in Australia

Australia announced a Aus$14.5 billion (US$15.2 billion) plan to boost funding for schools on Sunday in one of the country's biggest education reforms in decades.
Published 15 Apr, 2013 12:00am
Ahmadinejad due in Benin on energy-focused west Africa tour

Ahmadinejad due in Benin on energy-focused west Africa tour

Iranian President Mahmoud Ahmadinejad left for Benin on Sunday for his first stop on a three-nation west African tour that will also take him to Ghana and Niger, the world's fourth-largest uranium producer. Energy will be high on Ahmadinejad's agenda duri
Published 15 Apr, 2013 12:00am
Fafen pinpoints inappropriate use of state resources

Fafen pinpoints inappropriate use of state resources

The Free and Fair Election Network (Fafen)'s Constituency Long-Term Observers (CLTOs) have gathered information from various National Assembly constituencies between March 24 and April 2, 2013 and noted inappropriate use of state resources in nine distric
Published 15 Apr, 2013 12:00am
JI to ensure supremacy of constitution, judiciary

JI to ensure supremacy of constitution, judiciary

Secretary General, Jamaat-i-Islami, Liaquat Baloch, has said that the JI would take every possible step to ensure the supremacy of the constitution and the law and the independence of the judiciary in the country. Addressing corner meetings in NA 126 in t
Published 15 Apr, 2013 12:00am
ECP to set up 641 polling stations in Thatta

ECP to set up 641 polling stations in Thatta

The Election Commission of Pakistan (ECP) will set up 641 polling stations so that 6,63,543 registered voters could exercise their right of franchise and elect their representatives on two national and five provincial assembly seats.
Published 15 Apr, 2013 12:00am
Neck and neck fight between ANP and QWP likely in Charsadda

Neck and neck fight between ANP and QWP likely in Charsadda

Tough contest is expected in NA-7 and NA-8 constituencies in district Charsadda as Awami National Party and Qaumi Watan Party will fight tooth and nail on these constituencies from the district in the May 11 elections.
Published 15 Apr, 2013 12:00am
PML-N to launch election campaign next week

PML-N to launch election campaign next week

Pakistan Muslim League-Nawaz (PML-N) will formally launch its campaign for general elections by next week. "Party chief Mian Muhammad Nawaz Sharif will lead the campaign and address public gatherings and rallies throughout the country," PML-N Secretary In
Published 15 Apr, 2013 12:00am
China invested $1.5 billion in Algeria in a decade: envoy

China invested $1.5 billion in Algeria in a decade: envoy

Beijing has invested more than $1.5 billion (1.1 billion euros) over the past decade in Algeria, where 50 top Chinese companies and 30,000 workers are based, media reported on Sunday. By the end of 2012, China's total investments in the North African coun
Published 15 Apr, 2013 12:00am
Bankers count on watered down EU trading tax

Bankers count on watered down EU trading tax

Bankers are confident they can persuade the European Union that its proposed financial trading tax poses enough risks to struggling economies and banks to warrant being watered down.
Published 15 Apr, 2013 12:00am
Mercedes plans new small luxury cars to rival BMW

Mercedes plans new small luxury cars to rival BMW

German car maker Daimler plans to launch a new line of small luxury vehicles at its Mercedes-Benz division to rival premium-market leader BMW's Mini brand, Focus reported, without citing the source of the information.
Published 15 Apr, 2013 12:00am
HSBC names Anshul Gupta M&A head for MENA

HSBC names Anshul Gupta M&A head for MENA

HSBC Holdings has named Anshul Gupta as its head of mergers and acquisitions business for the Middle East and North Africa, replacing Omar Mehanna, who is taking a new role at the British bank's Saudi Arabian affiliate.
Published 15 Apr, 2013 12:00am
EU, Japan begin trade talks looking for growth boost

EU, Japan begin trade talks looking for growth boost

The EU and Japan begin a first round of talks Monday on one of the world's biggest free trade accords, part of a push to boost growth and get their faltering economies back on track. Europe, like the United States, Japan and its other major partners are a
Published 15 Apr, 2013 12:00am
Chidambaram to woo investors in N America to fund current account gap

Chidambaram to woo investors in N America to fund current account gap

India's finance minister will seek to drum up foreign investment from the United States and Canada this week to fund a record high current account deficit, even as policymakers debate the risks of over-reliance on foreign investors to finance the gap.
Published 15 Apr, 2013 12:00am
Egypt wavers on brink of IMF deal

Egypt wavers on brink of IMF deal

Egypt is close to an agreement with the International Monetary Fund on a $4.8 billion loan that would help it fight a deepening economic crisis but is still bristling at the conditions, diplomats said. An IMF programme could help stabilise Egypt's economy
Published 15 Apr, 2013 12:00am
Austria claims victory in EU bank secrecy fight

Austria claims victory in EU bank secrecy fight

Austrian Foreign Minister Maria Fekter has declared a victory in her lonely battle with the other 26 European Union countries to maintain her country's banking secrecy and avoid reporting foreigners' accounts to their tax authorities. Dismissing suggestio
Published 15 Apr, 2013 12:00am
Gulf OPEC oil producers see no need to trim output

Gulf OPEC oil producers see no need to trim output

Gulf Arab OPEC oil producers do not see the need to change production levels to support crude prices, OPEC delegates said after benchmark Brent touched nine-month lows on Friday. A sell-off in commodities saw Brent contracts fall from around $106 a barrel
Published 15 Apr, 2013 12:00am
Iran oil min says oil below $100 'not reasonable'

Iran oil min says oil below $100 'not reasonable'

Iran wants oil prices to stay above $100 a barrel, its oil minister said on Sunday after crude touched nine-month lows near $101 on Friday and ahead of OPEC's next meeting on May 31. "An oil price below $100 is not reasonable for anyone," Rostam Qasemi sa
Published 15 Apr, 2013 12:00am
First South Sudan oil reaches Sudan

First South Sudan oil reaches Sudan

Sudan's oil ministry said Sunday that the first crude from South Sudan reached its territory, bringing both impoverished nations closer to billions of dollars in revenue after a dispute over fees. "The first batch of oil already arrived on Sudanese land y
Published 15 Apr, 2013 12:00am
Real fan Nadal praises Dortmund

Real fan Nadal praises Dortmund

Real Madrid fan Rafael Nadal has surprisingly revealed his admiration for the Spanish giants' Champions League semi-final rivals, Borussia Dortmund. "They (Dortmund) are really good. I like their rapid style, and I really admire (attacking midfielder) Mar
Published 15 Apr, 2013 12:00am
Valencia denied in six-goal thriller

Valencia denied in six-goal thriller

Valencia missed the chance to move into fourth place in La Liga as Sergio Garcia's 94th minute goal salvaged a 3-3 draw for Espanyol in a crazy finale at Cornella El-Prat.
Published 15 Apr, 2013 12:00am
Alonso imperious in Shanghai victory

Alonso imperious in Shanghai victory

Ferrari's Fernando Alonso won a drama-packed Chinese Grand Prix in Shanghai on Sunday, well ahead of the Lotus of Kimi Raikkonen and Mercedes' Lewis Hamilton. The reigning world champion Sebastian Vettel came home fourth after adopting a different tyre st
Published 15 Apr, 2013 12:00am
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