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Print - 2013-05-12
Swiss finance minister eyes exchange of bank client data

Swiss finance minister eyes exchange of bank client data

Switzerland's finance minister supports exchanging bank client data with foreign tax authorities under certain conditions, which the Swiss government will begin debating in June, according to a newspaper interview. Swiss bank secrecy has come under fire,
Published 12 May, 2013 12:00am
EBRD considers lifelines for small business in emerging Europe

EBRD considers lifelines for small business in emerging Europe

The European Bank for Reconstruction and Development (EBRD) is considering ways to help small businesses in emerging Europe, including through direct lending, as the region suffers lacklustre growth, its president said on Saturday. The European Central Ba
Published 12 May, 2013 12:00am
'Eurozone crisis no longer main risk to global economy'

'Eurozone crisis no longer main risk to global economy'

The eurozone crisis is no longer the main risk for the global economy, German Finance Minister Wolfgang Schaeuble said on Saturday, adding that a "relatively high level of liquidity" could cause problems. Speaking after a meeting of Group of Seven finance
Published 12 May, 2013 12:00am
Another four deals hit US high-yield market

Another four deals hit US high-yield market

Four deals worth US $2.545bn priced in the US high-yield market on Thursday. That brings the total in the US high-yield primary market to 24 deals in 27 tranches for US $10.985bn, marking one of the busiest weeks ever in terms of number of deals. The busi
Published 12 May, 2013 12:00am
Another four deals hit US high-yield market

Another four deals hit US high-yield market

Four deals worth US $2.545bn priced in the US high-yield market on Thursday. That brings the total in the US high-yield primary market to 24 deals in 27 tranches for US $10.985bn, marking one of the busiest weeks ever in terms of number of deals. The busi
Published 12 May, 2013 12:00am
Obama claims credit for 'healing' housing market

Obama claims credit for 'healing' housing market

President Barack Obama on Saturday claimed credit for the country's improved housing market and urged the US Congress to approve a new head of an agency that oversees housing loan agencies. Seven years after the real estate bubble burst, "triggering the w
Published 12 May, 2013 12:00am
SoftBank asks banks not to finance Dish's Sprint bid

SoftBank asks banks not to finance Dish's Sprint bid

SoftBank Corp has asked investment banks not to finance a rival bid for Sprint Nextel Corp by Dish Network Corp, saying this could hurt the banks' chances of gaining a role in the highly anticipated public offering of Alibaba Group Holding Ltd, according
Published 12 May, 2013 12:00am
Chrysler recalls 469,000 SUVs worldwide

Chrysler recalls 469,000 SUVs worldwide

Chrysler Group LLC is recalling about 469,000 SUVs worldwide to update software after some vehicles' circuit boards were found to be transmitting signals that trigger inadvertent gearshifts to neutral, the No 3 US automaker said Saturday. Included are 200
Published 12 May, 2013 12:00am
Indian card processor in $45 million heist is ElectraCard

Indian card processor in $45 million heist is ElectraCard

One of the credit card processing companies whose security was breached in a $45 million global cyber heist was India's ElectraCard Services, according to two people familiar with the situation. ElectraCard Services processes prepaid travel cards for Nati
Published 12 May, 2013 12:00am
Russia hasn't yet agreed to extend Cyprus loan

Russia hasn't yet agreed to extend Cyprus loan

Russia has not yet agreed to extend the terms of its 2.5 billion euro ($3.2 billion) loan to Cyprus, Russia's deputy finance minister said on Saturday. "There was a request ... to change the duration of the loan, we promised to think about it," Sergei Sto
Published 12 May, 2013 12:00am
Panasonic posts net loss on slumping sales

Panasonic posts net loss on slumping sales

Panasonic Corp logged a net loss of 754.3 billion yen (6.86 billion dollars) for the financial year that ended in March because of poor sales, the company said Friday. The Japanese consumer electronics maker logged a record annual net loss of 772 billion
Published 12 May, 2013 12:00am
Panasonic posts net loss on slumping sales

Panasonic posts net loss on slumping sales

Panasonic Corp logged a net loss of 754.3 billion yen (6.86 billion dollars) for the financial year that ended in March because of poor sales, the company said Friday. The Japanese consumer electronics maker logged a record annual net loss of 772 billion
Published 12 May, 2013 12:00am
China to simplify FX rules on foreign direct investment

China to simplify FX rules on foreign direct investment

China's foreign exchange regulator will this month simplify the rules governing foreign direct investment (FDI), the latest step towards deregulation and market reform under China's new leadership. The State Administration of Foreign Exchange (SAFE) will
Published 12 May, 2013 12:00am
Myanmar on alert as cyclone grows

Myanmar on alert as cyclone grows

Myanmar's authorities were on alert Saturday as a cyclone threatened to hit the west of the country where around 140,000 people displaced by communal violence languish in flood-prone camps. Local radio in Rakhine State, rocked last year by violence betwee
Published 12 May, 2013 12:00am
Malaysian vote was 'mother of all frauds': Anwar

Malaysian vote was 'mother of all frauds': Anwar

Opposition leader Anwar Ibrahim Saturday called Malaysia's recent elections "the mother of all frauds" as he kept up the pressure over polls he says were stolen by the 56-year-old regime. Anwar addressed tens of thousands in the opposition-governed northe
Published 12 May, 2013 12:00am
Egypt's Mubarak back in court for retrial

Egypt's Mubarak back in court for retrial

Former Egyptian president Hosni Mubarak was back in court on Saturday for a retrial on charges of complicity in the murder of protesters, reopening a case that has shown the difficulty of transitional justice in post-revolutionary Egypt. Mubarak and his f
Published 12 May, 2013 12:00am
General signals Egypt army staying out of politics

General signals Egypt army staying out of politics

The army is not the answer to Egypt's political problems, the army chief said on Saturday, urging Egyptians to find a way to get along in comments that appeared to rule out any military intervention in the country's political standoff. General Abdel Fatta
Published 12 May, 2013 12:00am
Thousands protest against militiamenin Libya

Thousands protest against militiamenin Libya

Thousands of Libyans took to the streets of Tripoli on Friday to protest against militiamen who have besieged government ministries and prevented access to them. The armed groups that this week have besieged government buildings, including the foreign and
Published 12 May, 2013 12:00am
US, Britain withdraw some staff from Libya amid unrest

US, Britain withdraw some staff from Libya amid unrest

The United States and Britain both announced Friday that they were withdrawing some diplomatic staff from Libya, amid security concerns over a recent flare-up in political unrest there. Tensions have risen in Libya since ex-rebels besieged two ministries
Published 12 May, 2013 12:00am
India opposition raises stakes as it urges Prime Minister to quit

India opposition raises stakes as it urges Prime Minister to quit

India's opposition demanded Saturday the resignation of Congress Prime Minister Manmohan Singh, raising the stakes after forcing the exit of two cabinet ministers over corruption scandals. Pressure has been building for months on the premier, who is widel
Published 12 May, 2013 12:00am
India says working on new border accord with China

India says working on new border accord with China

India said Saturday it was working with China on a new border defence co-operation agreement as the neighbours seek to repair the damage from a border flare-up that highlighted long-rumbling tensions. Indian Foreign Minister Salman Khurshid made the state
Published 12 May, 2013 12:00am
Former Guatemala dictator Rios Montt convicted of genocide

Former Guatemala dictator Rios Montt convicted of genocide

Former Guatemalan dictator Efrain Rios Montt was found guilty on Friday of genocide and crimes against humanity during the bloodiest phase of the country's 36-year civil war and was sentenced to 80 years in prison. Hundreds of people who were packed into
Published 12 May, 2013 12:00am
White House offices reopened after brief evacuation

White House offices reopened after brief evacuation

White House offices were evacuated briefly on Saturday when an electrical transformer near the West Wing malfunctioned and set off a smoke alarm, a White House official said. A Secret Service official said President Barack Obama had not been in the area a
Published 12 May, 2013 12:00am
China mine accident kills 27

China mine accident kills 27

An accidental explosion at a coal mine in south-west China killed 27 miners on Saturday, state media said, in the second deadly incident to hit the country's troubled industry in as many days. A total of 81 miners were rescued after the blast at the Taozi
Published 12 May, 2013 12:00am
Italy's centre-left picks former unionist as interim party leader

Italy's centre-left picks former unionist as interim party leader

Italy's centre-left Democratic Party (PD), reeling from infighting that forced the resignation of Pier Luigi Bersani last month, chose former trade union boss Guglielmo Epifani as party secretary on Saturday. The party's two most prominent leaders, Prime
Published 12 May, 2013 12:00am
In Afghanistan, Merkel demands democracy as price of more aid

In Afghanistan, Merkel demands democracy as price of more aid

German Chancellor Angela Merkel paid a visit to northern Afghanistan Friday and vowed to continue military aid past 2014 provided Kabul continued to develop its democratic institutions. A senior Afghan official however said the chancellor showed a lack of
Published 12 May, 2013 12:00am
Syria peace conference already hitting snags: Russia

Syria peace conference already hitting snags: Russia

Russia said on Saturday there was disagreement over who should represent the opposition in a Syrian peace process, only days after Moscow and Washington announced a joint effort to bring government and rebels to an international conference. The dispute bo
Published 12 May, 2013 12:00am
Five killed in Iraq violence

Five killed in Iraq violence

Five people, including two soldiers, have been killed in attacks in northern Iraq, security officials said Friday. Insurgents attacked an army checkpoint in the northern city of Mosul, sparking a gunbattle in which one soldier and three gunmen were killed
Published 12 May, 2013 12:00am
IAEA chief backs sending experts to check Iran's Bushehr plant

IAEA chief backs sending experts to check Iran's Bushehr plant

The head of the International Atomic Energy Agency (IAEA) said it would be a good idea to send experts to check the safety of Iran's Bushehr nuclear reactor, a day after Iran said its facilities were safe following a nearby earthquake. Iranian officials a
Published 12 May, 2013 12:00am
Russia withheld details on Boston suspect

Russia withheld details on Boston suspect

Russia withheld "crucial" information from the United States on one of the suspects of last month's deadly Boston Marathon bombings, The Wall Street Journal reported late Friday. Citing unnamed US officials, the Journal said on its website that the inform
Published 12 May, 2013 12:00am
Sri Lanka frees Muslim leader held under anti-terror law

Sri Lanka frees Muslim leader held under anti-terror law

Sri Lanka freed an opposition Muslim political leader from police custody without charge after detaining him earlier in the week under a tough anti-terrorism law, his lawyer said Saturday. Azath Sally, 49, the former deputy mayor of Colombo, was arrested
Published 12 May, 2013 12:00am
Nigeria opposition forms mega party

Nigeria opposition forms mega party

Nigeria's leading opposition parties agreed Saturday to merge into an electoral behemoth they vowed would defeat President Goodluck Jonathan in 2015 polls. Two parties - the Congress for Progressive Change (CPC) and the All Nigeria People's Party (ANPP) -
Published 12 May, 2013 12:00am
Rafsanjani's last-minute entry transforms Iranian race

Rafsanjani's last-minute entry transforms Iranian race

Former president Akbar Hashemi Rafsanjani threw himself into Iran's election race on Saturday as a flurry of heavyweight candidates rushed to beat the registration deadline in the most unpredictable contest for decades. Iranian media reported that Rafsanj
Published 12 May, 2013 12:00am
Australian wheat outlook boosted as rains forecast for east coast

Australian wheat outlook boosted as rains forecast for east coast

Farmers across the east coast of Australia will receive much-needed rains next week, the weather bureau forecast on Thursday, easing concerns about tight wheat supplies from the world's second-largest exporter of the grain. Planting across the New South W
Published 12 May, 2013 12:00am
Commodity shakeout emboldens risk-seeking investors

Commodity shakeout emboldens risk-seeking investors

This month's plunge in commodities may reinforce a benign growth outlook that will encourage investors to keep taking on risks rather than signalling an imminent collapse in the global economy. Although the speed and scale of the fall has raised eyebrows,
Published 12 May, 2013 12:00am
Dry weather favours Brazil sugar production, exports

Dry weather favours Brazil sugar production, exports

Dry, cool weather that started in mid-April and is expected to continue through May over Brazil's main sugar cane region will favour crushing operations at mills and allow ships to load and carry off sugar uninterrupted, local forecaster Somar said. Desig
Published 12 May, 2013 12:00am
Rising Asian output, Thai stockpiling to squeeze on global rice prices

Rising Asian output, Thai stockpiling to squeeze on global rice prices

Rising rice output in Asia, due to favourable weather in 2013, and huge stockpiles in Thailand will squeeze global prices in the second quarter of the year, according to a report from the Food and Agriculture Organisation (FAO) and industry officials.
Published 12 May, 2013 12:00am
Sudan's biggest sugar firm plans biofuel expansion

Sudan's biggest sugar firm plans biofuel expansion

Kenana, Sudan's biggest sugar producer, plans to more than triple its ethanol output within two years to become a major biofuel exporter and intends to make a stock market offering in South Africa, its managing director said. Kenana, which is mainly owned
Published 12 May, 2013 12:00am
Indian cotton prices seen lower

Indian cotton prices seen lower

Cotton prices in India are expected to fall this week due to sales from government reserves and subdued local demand though the marginal quantity put on sale is seen supporting prices. The Cotton Corporation of India (CCI) has so far put 45,000 bales on s
Published 12 May, 2013 12:00am
India's wheat stocks up 76 percent

India's wheat stocks up 76 percent

India's May 1 wheat stocks at government warehouses surged more than 76 percent to 42.7 million tonnes from April, government sources said on Wednesday, increasing pressure on the world's No 2 producer to boost exports and cut down huge stockpiles.
Published 12 May, 2013 12:00am
Gold falls 1.5 percent in New York, posts weekly drop

Gold falls 1.5 percent in New York, posts weekly drop

Gold fell nearly 1.5 percent on Friday as a sharp rise in the dollar against the Japanese yen triggered technical selling, sending the metal to a two-week low. Bullion posted a weekly drop of around 2.5 percent as continued outflows in gold-backed exchang
Published 12 May, 2013 12:00am
Commodities trade mixed; oil hit by rising US reserves

Commodities trade mixed; oil hit by rising US reserves

Global commodities traded with mixed results this week, with oil dented by record-high US crude reserves and the strong dollar, while investors braced for the results of a two-day finance meeting of the Group of Seven (G7) highly industrialised economies.
Published 12 May, 2013 12:00am
Polling in Lahore affected by slow voting

Polling in Lahore affected by slow voting

Polling in Lahore city was marred by slow voting due to inexperienced returning staff of the Election Commission of Pakistan(ECP). Polling on 13 national and 25 provincial seats started at 8am continued till 5pm. The ECP extended the polling time till 6pm
Published 12 May, 2013 12:00am
HRCP hails big turnout despite flawed arrangements

HRCP hails big turnout despite flawed arrangements

The Human Rights Commission of Pakistan (HRCP) has congratulated the people of the country for demonstrating their faith in democracy despite threats to their lives. At the same time the commission has condemned all those responsible for interfering with
Published 12 May, 2013 12:00am
Nizami lauds healthy turnout

Nizami lauds healthy turnout

Caretaker Minister for Information and Broadcasting Arif Nizami cast his vote here in Defence Housing Authority (DHA) on Saturday. He voted in constituencies NA-125 and PP-155. Dilating with media at the polling station at American Lycetuff School, he app
Published 12 May, 2013 12:00am
Lahore's posh areas register high turnout

Lahore's posh areas register high turnout

Posh areas register high turnout in Lahore General Elections 2013 on Saturday, as voters in these areas thronged to polling stations in a large number to cast their votes. Long queues of voters were seen in the areas of Defence, Model Town, Cantt, Cavalry
Published 12 May, 2013 12:00am
PAT stages sit-in protests

PAT stages sit-in protests

The Pakistan Awami Tehrik (PAT) observed a sit-in protests in Multan, Bahawalpur, Dera Ghazi Khan, Vehari, Khanewal, Muzaffargarh, Rajanpur, Rahimyarkhan and other 300 cities against the elections on Saturday. More than 350 activists of PAT including 200
Published 12 May, 2013 12:00am
Strict security arrangements made in twin cities

Strict security arrangements made in twin cities

Strict security arrangements were in place in twin cities of Rawalpindi and Islamabad Saturday for general elections 2013. Despite terror threats, the overall environment was peaceful; however, an incident of firing in which two persons of a political par
Published 12 May, 2013 12:00am
'Same old corrupt' to return to power: Qadri

'Same old corrupt' to return to power: Qadri

Tehrik Minhajul Quran (TMQ) on Saturday staged sit-ins across the country against the alleged corrupt electoral system and a large number of TMQ workers participated in these sits-ins. Addressing the participants through video link, TMQ chief Dr Tahirul Q
Published 12 May, 2013 12:00am
Rescue 1122 issues report

Rescue 1122 issues report

Total 541 road traffic accidents were reported in Rescue 1122's Provincial Monitoring Cell in all 36 Districts of the Punjab during the last 24 hours, in which 07 lives were lost and 440 serious injured were shifted to different hospitals of relevant dist
Published 12 May, 2013 12:00am
Major surge in turnout witnessed in Wah

Major surge in turnout witnessed in Wah

Major surge in turn out especially of the female and young voters was witnessed in Wah Cantonment and adjourning areas as the balloting for one national assembly and two provincial assembly seats for the general elections was continued here on Saturday.
Published 12 May, 2013 12:00am
Women stopped from voting in Waziristan

Women stopped from voting in Waziristan

Women were stopped from voting in elections on Saturday in the north-western tribal district of North Waziristan, residents said. North Waziristan is one of seven semi-autonomous districts on the rugged border with Afghanistan which are a haven for Taliba
Published 12 May, 2013 12:00am
Gilani requests LEAs for recovery of his son

Gilani requests LEAs for recovery of his son

Former Prime Minister Syed Yousuf Raza Gilani said, "I have requested the law enforcing agencies for early recovery of my son Ali Haider Gilani, but no clue is found so far." Talking to media persons here on Saturday he said, "We did not stop our election
Published 12 May, 2013 12:00am
Firings at poling stations: Sethi seeks report

Firings at poling stations: Sethi seeks report

Punjab Chief Minister Najam Sethi on Saturday, taking notice of firing incidents outside polling stations of NA-145 Renala Khurd, Okara, NA-158 Mian Channu, Khanewal, NA-73 Bhakkar, Ayesha Grammar School in PP-157 and PP-144 Badami Bagh Lahore and near el
Published 12 May, 2013 12:00am
PML-N concerned over 'Electronic Slip' failure

PML-N concerned over 'Electronic Slip' failure

Pakistan Muslim League-Nawaz (PML-N) on Saturday expressed concern over failure of "Electronic Slip" system of the Election Commission of Pakistan (ECP). In a letter written to the ECP, the PML-N said there were reports that since start of voting on Satur
Published 12 May, 2013 12:00am
Candidates violate ban on transport

Candidates violate ban on transport

Candidates taking part in the elections violated the Election Commission of Pakistan's (ECP) ban allowing the contesting candidates to provide transport to the voters for casting their votes at polling stations.
Published 12 May, 2013 12:00am
Lawyers see a hung parliament

Lawyers see a hung parliament

Majority of the legal fraternity on Saturday was of the view that next parliament will likely be 'hung' due to unexpected results of the general elections in the country. Talking to the Business Recorder, senior advocate of the apex court, Abid Has
Published 12 May, 2013 12:00am
Japan CG conducts election observation

Japan CG conducts election observation

Consulate General of Japan at Karachi conducted the election observation to monitor the voting at some polling stations in Karachi. Akira Ouchi, Consul General, along with two officials visited selected polling stations and observed Pakistani people casti
Published 12 May, 2013 12:00am
Haleem Adil demands re-polling on PS-129

Haleem Adil demands re-polling on PS-129

President Pakistan Muslim League-Q (PML-Q) Sindh Haleem Adil Shaikh and candidate on PS-129 (Karachi) has accused PML-N candidate Haji Shafi Jamote of rigging in the presence of Returning Officer adding that his armed men also beaten up PML-Q workers. Add
Published 12 May, 2013 12:00am
PPP polling agents thrown out of polling stations: Taj Haider

PPP polling agents thrown out of polling stations: Taj Haider

Secretary of General Pakistan People's Party Parliamentarian (PPPP) Sindh Taj Haider has claimed that PPPP polling agents were thrown out of polling stations. He said that PPPP has always supported the democratic system and avoided politics of bloodshed r
Published 12 May, 2013 12:00am
'Worst rigging' perpetrated in NA-248, 249: MQM

'Worst rigging' perpetrated in NA-248, 249: MQM

Deputy Convenor of the Co-ordination Committee of Muttahida Quami Movement (MQM) and MQM's candidate from NA-249 Dr Farooq Sattar on Saturday claimed that worst kind of rigging was being done in polling stations of NA-248 and NA-249. Addressing a press co
Published 12 May, 2013 12:00am
Code of conduct: ECP receives 500 complaints

Code of conduct: ECP receives 500 complaints

The Election Commission's Complaint Registration Centre has so far received over 500 complaints relating to various codes of conduct violations by mostly Karachi based political parties. According to an official deployed at the Centre, the complaints are
Published 12 May, 2013 12:00am
Where is Dr Mirza?

Where is Dr Mirza?

Where is Dr Zulfiqar Mirza? The man who roared to eliminate Muttahida Qaumi Movement (MQM) and promoted Peoples Aman Committee (PAC) in Lyari, much to the discomfiture of his party, is missing from the political scene since last several months while his n
Published 12 May, 2013 12:00am
Right-wing parties reject process, demand re-polling in Karachi

Right-wing parties reject process, demand re-polling in Karachi

Right-wing political parties on Saturday rejected the election process and began their post-poll agitations against what they called "election rigging" and called for re-polling in the city. The JI Chief announced strike in two cities, ie Karachi and Hyde
Published 12 May, 2013 12:00am
SHC CJ could not cast vote

SHC CJ could not cast vote

Sindh High Court Chief Justice Musheer Alam could not cast his vote in NA-250 Karachi constituency and returned home after waiting for more than one and a half hours. The SHC Chief Justice went to the polling station near his home where he was registered
Published 12 May, 2013 12:00am
Pakistani voters are very brave: Jemima

Pakistani voters are very brave: Jemima

Pakistan Tehrik-e-Insaf (PTI) chief Imran Khan's ex-wife Jemima Khan said that Pakistani voters are very brave who are despite violence and threats are voting for their leaders. In a Twitter message, she said that their sons are wearing Imran Khan's kurta
Published 12 May, 2013 12:00am
Firdous withdraws in favour of PTI candidate

Firdous withdraws in favour of PTI candidate

Former Federal Minister and PPP candidate Dr Firdous Ashiq Awan has withdrawn from NA-110 in favour of the PTI candidate, contesting from the same constituency. PTI candidate Usman Dar is among the candidate for the seat, which also include PML-N candidat
Published 12 May, 2013 12:00am
'No political party will be able to get absolute majority'

'No political party will be able to get absolute majority'

It is too early to say who will emerge as the single largest party in the polls, say traders and industrials. Some of them said that none of the leading parties will win a simple majority of the seats. They said it looked that no political party would be
Published 12 May, 2013 12:00am
Kidnap victims' resilience will be tested in recovery

Kidnap victims' resilience will be tested in recovery

The three captive women held for a decade in Cleveland, Ohio were treated every year to a particularly perverse gesture by their captor in the form of a cake. "He would celebrate their abduction day as their new birthday," according to a cousin of one of
Published 12 May, 2013 12:00am
ECP versus the caretakers

ECP versus the caretakers

The Election Commission of Pakistan (ECP) exclusively focused on ensuring free, fair and transparent elections had directed the Caretakers not to allow diversion of funds from the budgeted allocations as it may be construed as pre-poll rigging and to dism
Published 12 May, 2013 12:00am
German economy turns the corner as growth picks up

German economy turns the corner as growth picks up

The German economy has rebounded from a contraction at the end of last year raising hopes that a pick up on the nation's growth rate could help to haul Europe out of recession. This followed the release of a slew of key data during the week showing Europe
Published 12 May, 2013 12:00am
Ideology of Pakistan

Ideology of Pakistan

There have been several articles dealing either directly or indirectly with the Ideology of Pakistan. I was surprised to read an editorial in Business Recorder stating that; "General Sher Ali Khan (Retd), invented the term 'ideology of Pakistan' ah
Published 12 May, 2013 12:00am
Traditions, women and elections

Traditions, women and elections

One bad tribal tradition involving women was partially broken on this Election Day. Candidates from different political parties, including the PPP, the PML-N, JUI-F and JI, contesting NA-43 and 44, the two National Assembly seats in Bajaur Agency, decided
Published 12 May, 2013 12:00am
Ban on use of air Conditioners

Ban on use of air Conditioners

Prime Minister Mir Hazar Khan Khoso has banned the use of air conditioners in government offices effective from May 15. It is unclear what the caretaker prime minister wanted to achieve by this latest directive that can, at best, be defined as inane and,
Published 12 May, 2013 12:00am
JWP-Talal boycotts Elections

JWP-Talal boycotts Elections

Baloch nationalist party Jamhoori Watan Party-Talal (JWP-T) on Saturday afternoon announced to boycott elections after levelling allegations of rigging in polling. Nawabzada Talal Bugti, the chief of JWP-T talking to media persons here said that his party
Published 12 May, 2013 12:00am
PTI calls for re-polling in Karachi under army supervision

PTI calls for re-polling in Karachi under army supervision

Pakistan Therek-e-Insaf (PTI) on Saturday called for re-election on all Karachi constituencies under army supervision. Addressing a press conference at Karachi Press Club, PTI leader and candidate for NA-250 Arif Alvi alleged that Karachi was completely h
Published 12 May, 2013 12:00am
Khoso thanks people for coming out in huge numbers

Khoso thanks people for coming out in huge numbers

Prime Minister Mir Hazar Khan Khoso has thanked the people of Pakistan for coming out in huge numbers and exercise their right to vote thus putting at rest those critics who were sceptic about the general elections. The Prime Minister also congratulated a
Published 12 May, 2013 12:00am
NA-55, NA-56: turnout of female voters higher

NA-55, NA-56: turnout of female voters higher

The turnout of female voters remained relatively higher as compared to male in the two constituencies of Rawalpindi NA-55 and NA-56 where Pakistan Tehrik-e-Insaaf (PTI) Chairman Imran Khan and Pakistan Awami Muslim League Chief Sheikh Rashid Ahmed contest
Published 12 May, 2013 12:00am
Heavyweights lose in KPK

Heavyweights lose in KPK

The general elections held in the country have brought some unexpected results as some political heavyweights of mainstream political parties have lost their bid for assembly seats. As was predicted in earlier surveys conducted by national and internation
Published 12 May, 2013 12:00am
PTI's Hashmi sails through comfortably

PTI's Hashmi sails through comfortably

With a significant participation of women in general elections in federal capital, candidate of Tehrik-e-Insaf Javed Hashmi comfortably defeated PML-N candidate Anjum Aqeel Khan in Islamabad-I (NA-48), whereas, tough competition was seen among PML-N, PPP
Published 12 May, 2013 12:00am
IGP Sindh visits various polling stations

IGP Sindh visits various polling stations

The Inspector General of Police (IGP) Sindh, Shahid Nadeem Baloch, visited polling stations in various areas of the metropolis on Saturday. A police statement here said that he went round Defence Phase VIII, Sultanabad, Soldier Bazaar, Kharadar and adjoin
Published 12 May, 2013 12:00am
Christian couple weds on Election Day

Christian couple weds on Election Day

A Pakistani couple decided to celebrate their marriage on the Election Day on Saturday to double their happiness. This event has been reported from Multan NA-151 where a Christian couple decided to celebrate the wedding on the Election Day so that they ca
Published 12 May, 2013 12:00am
Three new LHC judges take oath

Three new LHC judges take oath

Newly-confirmed three judges of the Lahore High Court (LHC) on Saturday took oath of their office. LHC Chief Justice Umar Ata Bandial administered oath to Justice Syed Iftikhar Hussain Shah, Justice Syed Muhammad Kazim Raza Shamsi and Justice Malik Shahza
Published 12 May, 2013 12:00am
Four women hurt in hand- grenade attack

Four women hurt in hand- grenade attack

At least four women injured in a hand grenade attack on a polling station at Killi Shabo area of the provincial capital on Saturday afternoon. Police sources, while quoting preliminary information, told Agency that unknown armed motorcyclists hurled a han
Published 12 May, 2013 12:00am
Nine Afghan migrants killed by Iranian border guards

Nine Afghan migrants killed by Iranian border guards

Iranian guards fired on a large group of Afghan migrants illegally crossing the border overnight, killing at least nine people, Afghan officials said on Saturday. Hostility to the US role in Afghanistan, regional ambitions and an economy choked by Western
Published 12 May, 2013 12:00am
Nine Afghan migrants killed by Iranian border guards

Nine Afghan migrants killed by Iranian border guards

Iranian guards fired on a large group of Afghan migrants illegally crossing the border overnight, killing at least nine people, Afghan officials said on Saturday. Hostility to the US role in Afghanistan, regional ambitions and an economy choked by Western
Published 12 May, 2013 12:00am
G7 to press on with bank reforms, Japan escapes censure

G7 to press on with bank reforms, Japan escapes censure

Group of Seven finance officials agreed on Saturday to redouble efforts to deal with failing banks and gave a green light to Japan''s drive to galvanise its economy. British finance minister George Osborne said the finance ministers and central bankers me
Published 12 May, 2013 12:00am
G7 to press on with bank reforms, Japan escapes censure

G7 to press on with bank reforms, Japan escapes censure

Group of Seven finance officials agreed on Saturday to redouble efforts to deal with failing banks and gave a green light to Japan's drive to galvanise its economy. British finance minister George Osborne said the finance ministers and central bankers mee
Published 12 May, 2013 12:00am
G7 to press on with bank reforms, Japan escapes censure

G7 to press on with bank reforms, Japan escapes censure

Group of Seven finance officials agreed on Saturday to redouble efforts to deal with failing banks and gave a green light to Japan's drive to galvanise its economy. British finance minister George Osborne said the finance ministers and central bankers mee
Published 12 May, 2013 12:00am
Tajikistan jails opposition leader for 14 years

Tajikistan jails opposition leader for 14 years

Tajikistan sent an opposition politician, Sherik Karamukhdoyev, to jail for 14 years after convicting him on charges of organising riots, high court judges said Friday. He belongs to the Islamic Renaissance Party, the only opposition party with legislativ
Published 12 May, 2013 12:00am
Tajikistan jails opposition leader for 14 years

Tajikistan jails opposition leader for 14 years

Tajikistan sent an opposition politician, Sherik Karamukhdoyev, to jail for 14 years after convicting him on charges of organising riots, high court judges said Friday. He belongs to the Islamic Renaissance Party, the only opposition party with legislativ
Published 12 May, 2013 12:00am
My dream comes true through elections: Nawaz

My dream comes true through elections: Nawaz

Expressing satisfaction over conduct of General Elections 2013, Pakistan Muslim League-Nawaz (PML-N) President and former Prime Minister Nawaz Sharif has expressed optimism for the victory of his party in the polls. Talking to media after casting his vote
Published 12 May, 2013 12:00am
My dream comes true through elections: Nawaz

My dream comes true through elections: Nawaz

Expressing satisfaction over conduct of General Elections 2013, Pakistan Muslim League-Nawaz (PML-N) President and former Prime Minister Nawaz Sharif has expressed optimism for the victory of his party in the polls. Talking to media after casting his vote
Published 12 May, 2013 12:00am
Car bombs kill 43 in Turkey near Syrian border

Car bombs kill 43 in Turkey near Syrian border

Twin car bombs killed around 43 people and wounded many more in a Turkish town near the Syrian border on Saturday and Turkey said it suspected Syrian involvement. The bombing increased fears that Syria's civil war was dragging in neighbouring states despi
Published 12 May, 2013 12:00am
Car bombs kill 43 in Turkey near Syrian border

Car bombs kill 43 in Turkey near Syrian border

Twin car bombs killed around 43 people and wounded many more in a Turkish town near the Syrian border on Saturday and Turkey said it suspected Syrian involvement. The bombing increased fears that Syria's civil war was dragging in neighbouring states despi
Published 12 May, 2013 12:00am
Strong Iran quake kills child, causes damage

Strong Iran quake kills child, causes damage

A strong earthquake of 6.2 magnitude hit southern Iran early on Saturday, killing one child and injuring at least 20 others in remote, mountainous villages, state television reported. The US Geological Survey registered the quake at 0208 GMT, measured at
Published 12 May, 2013 12:00am
Strong Iran quake kills child, causes damage

Strong Iran quake kills child, causes damage

A strong earthquake of 6.2 magnitude hit southern Iran early on Saturday, killing one child and injuring at least 20 others in remote, mountainous villages, state television reported. The US Geological Survey registered the quake at 0208 GMT, measured at
Published 12 May, 2013 12:00am
US appeals court issues divided ruling in software patent case

US appeals court issues divided ruling in software patent case

A federal appeals court on Friday ruled that Australia's Alice Corp does not hold valid patents on a computerised trading platform, but it remained unclear how the decision would affect other software patents. The software industry had been watching the c
Published 12 May, 2013 12:00am
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