AGL 38.20 Increased By ▲ 0.05 (0.13%)
AIRLINK 129.30 Increased By ▲ 4.23 (3.38%)
BOP 7.85 Increased By ▲ 1.00 (14.6%)
CNERGY 4.66 Increased By ▲ 0.21 (4.72%)
DCL 8.35 Increased By ▲ 0.44 (5.56%)
DFML 38.86 Increased By ▲ 1.52 (4.07%)
DGKC 82.20 Increased By ▲ 4.43 (5.7%)
FCCL 33.64 Increased By ▲ 3.06 (10.01%)
FFBL 75.75 Increased By ▲ 6.89 (10.01%)
FFL 12.83 Increased By ▲ 0.97 (8.18%)
HUBC 110.72 Increased By ▲ 6.22 (5.95%)
HUMNL 14.03 Increased By ▲ 0.54 (4%)
KEL 5.22 Increased By ▲ 0.57 (12.26%)
KOSM 7.69 Increased By ▲ 0.52 (7.25%)
MLCF 40.08 Increased By ▲ 3.64 (9.99%)
NBP 72.51 Increased By ▲ 6.59 (10%)
OGDC 189.18 Increased By ▲ 9.65 (5.38%)
PAEL 25.74 Increased By ▲ 1.31 (5.36%)
PIBTL 7.38 Increased By ▲ 0.23 (3.22%)
PPL 153.45 Increased By ▲ 9.75 (6.78%)
PRL 25.52 Increased By ▲ 1.20 (4.93%)
PTC 17.92 Increased By ▲ 1.52 (9.27%)
SEARL 82.50 Increased By ▲ 3.93 (5%)
TELE 7.63 Increased By ▲ 0.41 (5.68%)
TOMCL 32.50 Increased By ▲ 0.53 (1.66%)
TPLP 8.48 Increased By ▲ 0.35 (4.31%)
TREET 16.74 Increased By ▲ 0.61 (3.78%)
TRG 56.01 Increased By ▲ 1.35 (2.47%)
UNITY 28.85 Increased By ▲ 1.35 (4.91%)
WTL 1.34 Increased By ▲ 0.05 (3.88%)
BR100 10,659 Increased By 569.2 (5.64%)
BR30 31,331 Increased By 1822.5 (6.18%)
KSE100 99,269 Increased By 4695.1 (4.96%)
KSE30 31,032 Increased By 1587.6 (5.39%)
Nov 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-04-29
Daimler scraps profit goal after first quarter earnings plunge

Daimler scraps profit goal after first quarter earnings plunge

German automaker Daimler scrapped its earnings forecast on Wednesday after first-quarter profit plunged more than half due to a prolonged slump in European markets and self-inflicted problems in China. Struggling to match rivals' scale and efficiency in s
Published 29 Apr, 2013 12:00am
Motorola cuts 2013 revenue forecast on enterprise order delays

Motorola cuts 2013 revenue forecast on enterprise order delays

Communications gear maker Motorola Solutions Inc cut its full-year revenue forecast, citing lower revenue from its enterprise business in the first half of the year, sending its shares to a five-month low. Shares of the company fell 13 pct to $53.50 in mo
Published 29 Apr, 2013 12:00am
ECB poised to cut rates to help recession-hit eurozone

ECB poised to cut rates to help recession-hit eurozone

The European Central Bank is closer to lowering interest rates than at any time since it last cut them in July 2012 and is likely to shave a quarter-point off at its policy meeting next week. Senior sources involved in the deliberations say momentum is bu
Published 29 Apr, 2013 12:00am
India's Maruti fourth quarter profit nearly doubles, beats forecasts

India's Maruti fourth quarter profit nearly doubles, beats forecasts

Maruti Suzuki, India's biggest carmaker by sales, reported on Friday that net quarterly profit nearly doubled from a year ago, bucking the weakest passenger automobile market in a decade. The strong numbers for the final quarter of the 2012-13 financial y
Published 29 Apr, 2013 12:00am
India's Maruti fourth quarter profit nearly doubles, beats forecasts

India's Maruti fourth quarter profit nearly doubles, beats forecasts

Maruti Suzuki, India's biggest carmaker by sales, reported on Friday that net quarterly profit nearly doubled from a year ago, bucking the weakest passenger automobile market in a decade. The strong numbers for the final quarter of the 2012-13 financial y
Published 29 Apr, 2013 12:00am
37 places notified for holding public meetings

37 places notified for holding public meetings

Sialkot district administration has formulated a strategy for holding fair and transparent election on five National and eleven Provincial Assemblies seats in the district said District Co-ordination Officer (DCO) Shakeel Ahmed. Addressing the contesting
Published 29 Apr, 2013 12:00am
Government to facilitate UK-based businessmen: Minister

Government to facilitate UK-based businessmen: Minister

Sindh Caretaker Minister for Excise and Taxation Syed Shabber Zaidi said that the caretaker government will make all efforts to remove hurdles for the England-based businessmen to encourage them to operate their business activities in Sindh. This he said
Published 29 Apr, 2013 12:00am
Political parties urged to end bonded labour

Political parties urged to end bonded labour

The National Coalition Against Bonded Labour (NCABL), an alliance of more than a score of organisations working for the end of bonded labour, at its general body meeting here on Sunday called upon all political parties to make clear commitments for the er
Published 29 Apr, 2013 12:00am
Suspension of gas supply to CNG sector criticised

Suspension of gas supply to CNG sector criticised

All Pakistan Compressed Natural Gas Association (APCNGA) Multan Chapter has sharply reacted on the suspension of gas supply 15 hours before the schedule in Multan and other cities of Southern Punjab pretending that gas pipeline was blown up by the terrori
Published 29 Apr, 2013 12:00am
Power sector cannot survive without reforms: PEW

Power sector cannot survive without reforms: PEW

The Pakistan Economy Watch (PEW) on Sunday said that electric power transmission and distribution losses are increasing with an amazing speed compromising economic growth. Pakistan is among top ten countries in the electric transmission and distribution (
Published 29 Apr, 2013 12:00am
Conference

Conference

All arrangements have been finalised by the University of Sindh to organise a two-day international conference on 'extremism and terrorism in Pakistan' on Monday. The conference is being held in collaboration with Hanns Seidel Foundation, Germany.
Published 29 Apr, 2013 12:00am
ACCA organises on-campus activity session

ACCA organises on-campus activity session

ACCA Student Ambassadors from Institute of Business Administration recently organised an on-campus activity session at Institute of Business Administration, city campus, here in Karachi. A special campaign under the umbrella of ACCA Student Ambassador Pro
Published 29 Apr, 2013 12:00am
Bride among five killed in wedding party attack

Bride among five killed in wedding party attack

Five people, including a bride, were killed when unknown gunmen opened fire on a wedding party in an area of Lower Dir in Khyber-Pakhtunkhwa province, police said on Sunday. Officials said the incident took place in Lower Dir's Jandola Samar Bagh area whe
Published 29 Apr, 2013 12:00am
Unilever Pakistan launches 'Cornetto Music Icons'

Unilever Pakistan launches 'Cornetto Music Icons'

In collaboration with some of the most renowned artistes of Pakistan music industry, Cornetto, the most popular frozen dessert brand amongst the Pakistani youth, is bringing a fresh music platform, the Cornetto Music Icons. Cornetto Music Icons will begin
Published 29 Apr, 2013 12:00am
POF scholarship distribution ceremony held

POF scholarship distribution ceremony held

POF is one of the institutions of the country where enormous schemes are in progress for welfare of the employees. The prominent among them is the scholarship scheme for students who showed excellent performance in their academic career. The main object i
Published 29 Apr, 2013 12:00am
Gulf states unscrupulously dumping hazardous plastic scrap in Pakistan!

Gulf states unscrupulously dumping hazardous plastic scrap in Pakistan!

Middle Eastern countries, especially Kingdom of Saudi Arabia (KSA), United Arab Emirates and Kingdom of Bahrain are continuously dumping their potentially hazardous plastic scrap into Pakistan. This year, to date, almost 9,000 tons of scrap has been impor
Published 29 Apr, 2013 12:00am
France Foreign firepower threatened by budget cuts

France Foreign firepower threatened by budget cuts

Explosions echo through a valley in southern France, sending up plumes of smoke as four Caesar self-propelled guns fire at distant targets in drills that mirror operations in Mali. It's a show of firepower organised by arms manufacturer Nexter to demonstr
Published 29 Apr, 2013 12:00am
China's railway ministry post at $32 million net profit

China's railway ministry post at $32 million net profit

China's Ministry of Railways posted a net profit of 196 million yuan ($31.79 million) in 2012, up from 31 million yuan in 2011, thanks chiefly to higher revenue in freight transport, a Chinese media outlet reported on Sunday.
Published 29 Apr, 2013 12:00am
China's railway ministry post at $32 million net profit

China's railway ministry post at $32 million net profit

China's Ministry of Railways posted a net profit of 196 million yuan ($31.79 million) in 2012, up from 31 million yuan in 2011, thanks chiefly to higher revenue in freight transport, a Chinese media outlet reported on Sunday.
Published 29 Apr, 2013 12:00am
Italy's new economy minister aims to cut taxes and spending

Italy's new economy minister aims to cut taxes and spending

Italy's new economy minister Fabrizio Saccomanni plans to cut taxes and public spending and lower borrowing costs, according to an interview published on Sunday in daily la Repubblica. Saccomanni, formerly deputy governor of Italy's central bank, was swor
Published 29 Apr, 2013 12:00am
Investors hunt for emerging bank shares as euro casts shadow over west

Investors hunt for emerging bank shares as euro casts shadow over west

The euro zone debt crisis has made investors wary of western European bank stocks and they are seeking more value and less risk in banks in central Europe, Russia, Turkey and even Africa. The problems of western Europe's banking sector, from losses on Gre
Published 29 Apr, 2013 12:00am
Greek unions call protest ahead of job-cut vote

Greek unions call protest ahead of job-cut vote

Greek trade unions planned a protest Sunday ahead of a parliament vote on a bill that would spur unprecedented public sector job cuts to meet conditions set by Athens' creditors for billions in bailout loans.
Published 29 Apr, 2013 12:00am
Sri Lanka to get 10 new Airbus aircraft

Sri Lanka to get 10 new Airbus aircraft

Sri Lanka is set to re-fleet its loss-making national carrier with 10 new Airbus aircraft in a deal that could be worth over $2.5 billion, a government official and a media report said on Sunday. SriLankan Airlines will also secure an aircraft maintenance
Published 29 Apr, 2013 12:00am
Abu Dhabi plans financial free zone, may resemble Dubai

Abu Dhabi plans financial free zone, may resemble Dubai

The oil-rich emirate of Abu Dhabi is putting finishing touches to plans to establish a financial free zone that could resemble, and therefore compete with, the Dubai International Financial Centre, sources familiar with the matter said.
Published 29 Apr, 2013 12:00am
Deutsche Bank has 'zero tolerance' for tax evaders: CEO

Deutsche Bank has 'zero tolerance' for tax evaders: CEO

Deutsche Bank has "zero tolerance" for customers seeking to evade taxes by holding assets in foreign accounts managed by the lender, Co-Chief Executive Juergen Fitschen told German radio broadcaster Deutschlandfunk. "Tax evasion is a crime," Fitschen said
Published 29 Apr, 2013 12:00am
Europe austerity debate to test periphery political will

Europe austerity debate to test periphery political will

Readers of Ireland's largest-selling daily newspaper were confronted by an unexpected front page headline this week when the Irish Independent proclaimed the 'End Of Austerity'. In a country that began cutting spending and hiking taxes almost five years a
Published 29 Apr, 2013 12:00am
Sharapova makes easy work of Stuttgart defence

Sharapova makes easy work of Stuttgart defence

World number two Maria Sharapova saved her best performance of the week for last when she successfully defended her Stuttgart Grand Prix title with a 6-4 6-3 victory over second seed Li Na of China to kick off her clay-court season in style on Sunday. Sha
Published 29 Apr, 2013 12:00am
Nadal wins record eighth title in Barcelona

Nadal wins record eighth title in Barcelona

Rafael Nadal extended his record number of Barcelona titles to eight as he brushed off a slow start to beat Spanish compatriot Nicolas Almagro 6-4, 6-3 on Sunday. Last weekend's Monte Carlo runner-up regained his accustomed position on an ATP winner's pod
Published 29 Apr, 2013 12:00am
Bangladesh close in on historic victory

Bangladesh close in on historic victory

Bangladesh closed in on a maiden test win in Zimbabwe after reducing the hosts to 138 for four wickets in pursuit of 401 as bad light brought an early halt to play on day four of the second and final test at the Harare Sports Club on Sunday. An excellent
Published 29 Apr, 2013 12:00am
Rashid seeks Miandad to be appointed Pakistan batting coach

Rashid seeks Miandad to be appointed Pakistan batting coach

Former skipper Rashid Latif has suggested to Pakistan Cricket Board (PCB) for appointing legendary batsman and Captain Javed Miandad as the batting coach of the Pakistan team. PCB has been in-search of a batting coach for the national team for some time a
Published 29 Apr, 2013 12:00am
Khan picks himself up to beat Diaz

Khan picks himself up to beat Diaz

Former world light-welterweight champion Amir Khan had to climb off the canvas to keep on course for a shot at the division's champions by out-pointing Julio Diaz on Saturday. Khan, 26, was floored in the fourth round and looked on the brink of another kn
Published 29 Apr, 2013 12:00am
Pakistan soccer team defeats India

Pakistan soccer team defeats India

Pakistan U-14 footballers continued their magnificent run and demolish the arch rival India in the AFC U-14 Championship-2014 (Qualifiers) match at Samen Al Aemeh Stadium, Mashad, Iran by 2:0. Midfielder Muhammad Ikhlas scored first goal in the 9th minute
Published 29 Apr, 2013 12:00am
Asif, Sajjad notches up second win in Asian Snooker

Asif, Sajjad notches up second win in Asian Snooker

Pakistan's two top title contenders World Champion Muhammad Asif and former Asian number two Mohammad Sajjad notched-up their second in Jubilee Insurance 29th Asian Snooker Championship on Sunday. Top seed IBSF Champion Asif was at his brilliant best when
Published 29 Apr, 2013 12:00am
Shoaib and Afridi should be dropped: Sarfraz

Shoaib and Afridi should be dropped: Sarfraz

Former cricketer Sarfraz Nawaz has said that Shoaib Malik, Shahid Afridi and Imran Farhat should be dropped from the squad for the Champions Trophy to be held in England next month. Sarfraz Nawaz, talking to APP, said that the three players were out of fo
Published 29 Apr, 2013 12:00am
Di Maria leads Real to derby victory

Di Maria leads Real to derby victory

Atletico Madrid's 14-year wait for a win over their neighbours continued as Real Madrid came from behind to win 2-1 at the Vicente Calderon. Radamel Falcao had got Atleti off to a flying start with a simple header from Diego Godin's cross just three minut
Published 29 Apr, 2013 12:00am
Abbas wins 'Royal Palm Monthly Medal Golf Event'

Abbas wins 'Royal Palm Monthly Medal Golf Event'

Abbas Ali Khan won the 'Royal Palm Monthly Medal Golf Event' contested over 18 holes on stroke play basis here today. The event attracted 76 entries and what added colour and competitiveness to the tournament was the participation of a large number of sin
Published 29 Apr, 2013 12:00am
Lampard helps Chelsea cement top four spot

Lampard helps Chelsea cement top four spot

Frank Lampard moved to within one goal of Bobby Tambling's Chelsea record with the penalty that sealed his team's 2-0 victory over Swansea on Sunday. With Tambling watching from the stands, Lampard hit his 201st goal for the Blues shortly after setting up
Published 29 Apr, 2013 12:00am
Senior Egypt officials in Iran for Syria talks

Senior Egypt officials in Iran for Syria talks

Senior aides to Egyptian President Mohamed Mursi made a rare visit to Tehran for talks with Iran on an Islamic initiative to seek a peaceful solution to Syria's civil war, the two sides said on Sunday. Tehran is Syria's closest ally and has provided money
Published 29 Apr, 2013 12:00am
North Korea set to stage major military drill

North Korea set to stage major military drill

North Korea appears to be gearing up for a major military exercise, a report said on Sunday, amid tensions over an expected missile test and South Korea's pullout froom a joint industrial complex Preparations are under way near the North's western port of
Published 29 Apr, 2013 12:00am
Japan's Abe says 'restoration of sovereignty day' signals hope

Japan's Abe says 'restoration of sovereignty day' signals hope

Prime Minister Shinzo Abe called on Sunday for a renewal of a "sense of hope and determination" in marking for the first time the restoration of Japan's post-war sovereignty, part of a drive to repair what conservatives consider dented national pride.
Published 29 Apr, 2013 12:00am
China becoming global climate change leader: study

China becoming global climate change leader: study

China is rapidly assuming a global leadership role on climate change alongside the United States, a new study said Monday, but it warned greenhouse gas emissions world-wide continue to rise strongly. The report by the independent Australian-based Climate
Published 29 Apr, 2013 12:00am
French envoy delivers grim Afghan farewell message

French envoy delivers grim Afghan farewell message

The French ambassador in Kabul has delivered a starkly pessimistic farewell speech questioning the achievements of more than 11 years of international intervention in Afghanistan. Bernard Bajolet, who has been appointed as France's new spy chief, rejected
Published 29 Apr, 2013 12:00am
Chinese military cracks down on licence plates and corruption

Chinese military cracks down on licence plates and corruption

China's new leadership is seeking to dismantle a system of privilege which has allowed the drivers of military vehicles to do as they please on the roads. On Sunday the Chinese military began replacing licence plates on its cars and trucks to crack down o
Published 29 Apr, 2013 12:00am
Syria's neighbours cautious about US-led intervention

Syria's neighbours cautious about US-led intervention

Syria's neighbours, wary of stirring a conflict that could spill back over their borders, would be reluctant partners in a US-led intervention but are ultimately likely to support limited military action if widespread use of chemical weapons is proven.
Published 29 Apr, 2013 12:00am
Twin study shows environment interacts with genes in autism

Twin study shows environment interacts with genes in autism

Scientists have found patterns of change in gene activity involved in autism in a study that shed light on how environmental factors can work to turn certain genes on or off and contribute to the development of the brain disorder.
Published 29 Apr, 2013 12:00am
US to test handheld scanner for fake malaria drugs

US to test handheld scanner for fake malaria drugs

US regulators announced a plan on April 24 to test a handheld device that can scan drugs and report within seconds whether they are real or fake, in a bid to help the fight against malaria.
Published 29 Apr, 2013 12:00am
Earth's core is much hotter than thought

Earth's core is much hotter than thought

European scientists said on April 25 that a new laboratory experiment shows the Earth's core is likely much hotter than last reported 20 years ago. It's not that the iron core of our planet has warmed, but rather that the technique used to estimate its he
Published 29 Apr, 2013 12:00am
Late 20th century was warmest in 1,400 years

Late 20th century was warmest in 1,400 years

Earth was cooling until the end of the 19th century and a hundred years later, the planet's surface was on average warmer than at any time in the previous 1,400 years, according to climate records presented on April 21.
Published 29 Apr, 2013 12:00am
Bacteria shows promise against pancreatic cancer

Bacteria shows promise against pancreatic cancer

An experimental therapy that uses Listeria bacteria to infect pancreatic cancer cells and deliver tumour-killing drugs has shown promise in lab animal research, US scientists said on April 22. While it remains unknown whether the method might work in peop
Published 29 Apr, 2013 12:00am
Space debris problem now urgent: scientists

Space debris problem now urgent: scientists

Governments must start working urgently to remove orbital debris, which could become a catastrophic problem for satellites a few decades from now, a space science conference heard on April 25. Since 1978, the total of junk items whizzing around the planet
Published 29 Apr, 2013 12:00am
WHO says new bird strain is 'one of most lethal' flu viruses

WHO says new bird strain is 'one of most lethal' flu viruses

New strain of bird flu that has killed 22 people in China is "one of the most lethal" of its kind and is more easily transmissible to humans than an earlier strain that has killed hundreds around the world since 2003, a top World Health Organisation (WHO)
Published 29 Apr, 2013 12:00am
Japanese shares tipped to post more gains

Japanese shares tipped to post more gains

Japanese shares are likely to add further gains next week with major domestic firms, including Japan Airlines and mobile carrier Softbank, on track to report strong financial results, analysts said. "The market is expected to remain bullish as players sho
Published 29 Apr, 2013 12:00am
Philippines' Asia United Bank plans $236 million IPO in May

Philippines' Asia United Bank plans $236 million IPO in May

Philippine lender Asia United Bank is seeking to raise as much as 9.7 billion pesos ($236 million) through an IPO next month, a regulatory filing showed, becoming the latest firm to tap the stock market in what has become a top investment destination in S
Published 29 Apr, 2013 12:00am
Philippines' Asia United Bank plans $236 million IPO in May

Philippines' Asia United Bank plans $236 million IPO in May

Philippine lender Asia United Bank is seeking to raise as much as 9.7 billion pesos ($236 million) through an IPO next month, a regulatory filing showed, becoming the latest firm to tap the stock market in what has become a top investment destination in S
Published 29 Apr, 2013 12:00am
Chinese strong talk on yuan reform masks policy quandary

Chinese strong talk on yuan reform masks policy quandary

China's central bank has been talking tough on currency reform while it has also intensified market intervention, highlighting the fine line it must walk in trying to liberalise the yuan. Critics, including the United States, see the intervention as anoth
Published 29 Apr, 2013 12:00am
Yen unlikely to slide to 110 against dollar

Yen unlikely to slide to 110 against dollar

The yen is unlikely to slide as far as 110 against the dollar as the outlook for the global economy remains uncertain and as exporters suffer from a weaker yen due to higher overseas manufacturing costs, a major Japanese fund manager said.
Published 29 Apr, 2013 12:00am
Wall Street week ahead: central banks, data to steer investors

Wall Street week ahead: central banks, data to steer investors

With signs of a slower economy mounting, the near-term outlook for US stocks isn't rosy, but investors may find comfort next week from the world's major central banks. The Federal Reserve will meet on Tuesday and Wednesday, with the report of weaker-than-
Published 29 Apr, 2013 12:00am
Private equity firms add debt to European businesses

Private equity firms add debt to European businesses

Private equity groups are paying themselves and their investors by getting the European firms they own to raise cash by issuing debt in volumes not seen since before the financial crisis. This is common when the economy is healthy because companies can us
Published 29 Apr, 2013 12:00am
Private equity firms add debt to European businesses

Private equity firms add debt to European businesses

Private equity groups are paying themselves and their investors by getting the European firms they own to raise cash by issuing debt in volumes not seen since before the financial crisis. This is common when the economy is healthy because companies can us
Published 29 Apr, 2013 12:00am
Gulf bond issuance seen at $37 billion in 2013: Stanchart

Gulf bond issuance seen at $37 billion in 2013: Stanchart

Total US dollar-denominated bond issues from the six Gulf Co-operation Council (GCC) countries are expected to hit $37 billion in 2013, dominated by sales from Dubai, according to a research report from Standard Chartered.
Published 29 Apr, 2013 12:00am
Gulf bond issuance seen at $37 billion in 2013: Stanchart

Gulf bond issuance seen at $37 billion in 2013: Stanchart

Total US dollar-denominated bond issues from the six Gulf Co-operation Council (GCC) countries are expected to hit $37 billion in 2013, dominated by sales from Dubai, according to a research report from Standard Chartered.
Published 29 Apr, 2013 12:00am
Telecom Italia may float off fixed-line network

Telecom Italia may float off fixed-line network

Telecom Italia could float its valuable Italian fixed-line network on the stockmarket to keep it separate from any possible tie-up with Hutchison Whampoa, an Italian newspaper said in an unsourced report on Saturday. Italy's former monopoly telecoms opera
Published 29 Apr, 2013 12:00am
Euro could join yen in falling versus dollar: Record official

Euro could join yen in falling versus dollar: Record official

The euro could follow the yen as the next major currency to decline against the dollar, hurt by easier monetary policy and a lack of structural reforms, an official at a leading currency fund manager said on Monday.
Published 29 Apr, 2013 12:00am
Bomb explodes after Bahrain detains 22 over unrest

Bomb explodes after Bahrain detains 22 over unrest

A home-made bomb exploded Sunday near Manama after police rounded up 22 people suspected of attacking security forces and blocking roads during protests, including in the lead-up to its Formula One race this month, police said.
Published 29 Apr, 2013 12:00am
Germany's Greens lurch left in bid to beat Merkel

Germany's Greens lurch left in bid to beat Merkel

Germany's Greens lurched to the left at a party congress in Berlin over the weekend by endorsing a "soak-the-rich" campaign for new taxes, a risky attempt to win power in September's election that upset the party's pragmatist wing.
Published 29 Apr, 2013 12:00am
Venezuelan president reaffirms alliance with Cuba

Venezuelan president reaffirms alliance with Cuba

Venezuelan President Nicolas Maduro has renewed a strategic alliance with Cuba, signing $1 billion in Co-operation agreements two weeks after his election to replace the late Hugo Chavez. The 51 agreements signed Saturday during Maduro's visit to Cuba enc
Published 29 Apr, 2013 12:00am
Venezuela's Capriles raised false hopes on vote audit-election body

Venezuela's Capriles raised false hopes on vote audit-election body

Venezuela's electoral authority said on Saturday the opposition created false hopes about a vote audit being prepared after President Nicolas Maduro's narrow election win, adding that his rival had failed to present compelling proof of foul play.
Published 29 Apr, 2013 12:00am
Building collapses in northern France, two dead

Building collapses in northern France, two dead

Part of a five-storey residential building collapsed in the centre of the north-eastern French city of Reims on Sunday, killing two people and injuring at least 10, officials said. The collapse, which left several apartments dangling in open air, may have
Published 29 Apr, 2013 12:00am
Britain to press UAE president on torture during state visit

Britain to press UAE president on torture during state visit

Britain will use a state visit by the UAE president this week to raise the case of three Britons who claim they were tortured after being arrested on drugs charges in Dubai, officials said on Sunday. The news came as the mother of one of the men, Grant Ca
Published 29 Apr, 2013 12:00am
Iraq watchdog suspends 10 TV channels for inciting violence

Iraq watchdog suspends 10 TV channels for inciting violence

Iraq has suspended the licences of satellite news network Al Jazeera and nine other channels, accusing them of inciting violence through their coverage of recent sectarian clashes. The Communication and Media Commission (CMC) regulator criticised their re
Published 29 Apr, 2013 12:00am
International troops should prepare to go into Syria: US senator

International troops should prepare to go into Syria: US senator

A group of nations should get troops ready to invade Syria in order to secure possible stocks of chemical weapons, a senior US senator said on Sunday. Senator John McCain, a Republican from Arizona, said US troops should not go into Syria, but that an int
Published 29 Apr, 2013 12:00am
Egyptian court rejects Mubarak's release during corruption inquiry

Egyptian court rejects Mubarak's release during corruption inquiry

An Egyptian court on Sunday rejected a request by former president Hosny Mubarak to be released from prison during an investigation into corruption charges. The prosecution had requested that Mubarak be detained for 15 days while the investigation was bei
Published 29 Apr, 2013 12:00am
British Prime Minister's party turns on anti-EU rival before vote

British Prime Minister's party turns on anti-EU rival before vote

Britain's ruling Conservatives derided the rival UK Independence Party as a "collection of clowns" on Sunday as they tried to stop supporters switching to the surging anti-European Union movement in local elections this week. Thursday's vote in England an
Published 29 Apr, 2013 12:00am
Four killed as roof of house collapses

Four killed as roof of house collapses

Four persons were killed, when a dilapidated roof of a house collapsed suddenly in Sir Syed Town here on Sunday. According to Rescue-1122 sources, the house was in dilapidated condition. This roof was damaged by the recent rains. Resultantly, dilapidated
Published 29 Apr, 2013 12:00am
Former minister endorses APTMA policy statement on CPPs

Former minister endorses APTMA policy statement on CPPs

Former Punjab Minister for Industries and Director of Mehmood group of Industries Khawaja Jalaluddin Roomi has endorsed the policy statement of All Pakistan Textile Mills Association (APTMA) with respect to the captive power to generate in-house electrici
Published 29 Apr, 2013 12:00am
Call to maintain peace in Karachi

Call to maintain peace in Karachi

MQM co-ordination committee member Raza Haroon demanded the Chief Election Commissioner to check lawlessness in Karachi. Talking to the media at Hussain Agahi Bazaar on Sunday, Raza Haroon said parties, which are not condemning terrorism in Karachi, are s
Published 29 Apr, 2013 12:00am
Mass immunisation drive against measles to begin in Lahore today

Mass immunisation drive against measles to begin in Lahore today

A 7-day special mass vaccination campaign against measles will begin in Lahore from today during which 30 lakh children from six months to ten years of age will be inoculated. The campaign will continue till May 5. Moreover, students of all government and
Published 29 Apr, 2013 12:00am
Gomal Zam power house to begin generating 17.4 MW shortly

Gomal Zam power house to begin generating 17.4 MW shortly

The Water and Power Development Authority (Wapda) has successfully completed the 17.4 megawatt (MW) Gomal Zam Power House - a component of the Gomal Zam Dam project and it will start supply electricity to the national grid station shortly. Official source
Published 29 Apr, 2013 12:00am
Previous Day