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Print - 2013-05-13
Adebayor fires Tottenham into top four

Adebayor fires Tottenham into top four

Tottenham Hotspur improved their chances of playing Champions League football next season with a hard-earned 2-1 victory over Stoke City at the Britannia Stadium on Sunday. Stoke, who played the second half with 10 men after the dismissal of their Scotlan
Published 13 May, 2013 12:00am
BP withdraws staff from Libya due to security concerns

BP withdraws staff from Libya due to security concerns

British oil company BP said it is withdrawing some non-essential staff from Libya after Britain's government warned about deteriorating security in the capital Tripoli. "We are taking some non-Libyan staff out of the office in Tripoli following advice by
Published 13 May, 2013 12:00am
Faymann says Austria will agree to EU tax deal

Faymann says Austria will agree to EU tax deal

Austria will drop its opposition to the routine sharing of bank account data with its European Union partners as long as bank secrecy for Austrians is maintained, Chancellor Werner Faymann said, appearing to end uncertainty over Vienna's stance.
Published 13 May, 2013 12:00am
For banks in cyber heist, how to get their money back?

For banks in cyber heist, how to get their money back?

Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts say. Oman-based Bank of Muscat lost
Published 13 May, 2013 12:00am
Saudi stock market regulator caps first-day price volatility

Saudi stock market regulator caps first-day price volatility

The Saudi Capital Market Authority (CMA) announced on Sunday that stocks on the kingdom's bourse would be limited to price swings of 10 percent on their first day of trade. Saudi Arabia, home to the Gulf Arab region's largest stock exchange, has been slow
Published 13 May, 2013 12:00am
Saudi stock market regulator caps first-day price volatility

Saudi stock market regulator caps first-day price volatility

The Saudi Capital Market Authority (CMA) announced on Sunday that stocks on the kingdom's bourse would be limited to price swings of 10 percent on their first day of trade. Saudi Arabia, home to the Gulf Arab region's largest stock exchange, has been slow
Published 13 May, 2013 12:00am
Fed queries Bloomberg over reporters' access to client data

Fed queries Bloomberg over reporters' access to client data

Bloomberg LP customers, including the US Federal Reserve and the US Treasury, were examining on Saturday whether there could have been leaks of confidential information, even as the media company restricted its reporters' access to client data and created
Published 13 May, 2013 12:00am
Abu Dhabi's new financial zone to benefit Dubai

Abu Dhabi's new financial zone to benefit Dubai

Abu Dhabi's planned financial zone will complement Dubai, which should benefit from a deepening of financial markets in the United Arab Emirates, a senior Abu Dhabi executive said on Sunday. "It brings complementarity to Dubai and to the region overall,"
Published 13 May, 2013 12:00am
EU ministers to thrash out tax clampdown

EU ministers to thrash out tax clampdown

As tens of millions languish on the dole with EU austerity blamed for deepening recession, finance ministers will switch their focus Tuesday from bailout negotiations to the pursuit of a trillion-euro annual tax-fraud bounty. European Union governments ar
Published 13 May, 2013 12:00am
German metal workers warn of major strike

German metal workers warn of major strike

Germany's powerful union IG Metall warned Sunday that metal workers will vote on major strike action if no agreement is reached this week in a wage dispute. Nearly 400,000 workers have already joined a wave of shorter "warning strikes" in recent days, hit
Published 13 May, 2013 12:00am
Bahrain's Al Baraka first quarter net profit up 15 percent

Bahrain's Al Baraka first quarter net profit up 15 percent

Bahrain-based Islamic lender Al Baraka Banking Group posted a 15-percent increase in first-quarter net income, the bank said on Sunday. Al Baraka, which has operations across the Middle East, Asia and Africa, said first-quarter net income rose to $66 mill
Published 13 May, 2013 12:00am
Bahrain's Al Baraka first quarter net profit up 15 percent

Bahrain's Al Baraka first quarter net profit up 15 percent

Bahrain-based Islamic lender Al Baraka Banking Group posted a 15-percent increase in first-quarter net income, the bank said on Sunday. Al Baraka, which has operations across the Middle East, Asia and Africa, said first-quarter net income rose to $66 mill
Published 13 May, 2013 12:00am
Bangladesh to raise garment workers' minimum wages

Bangladesh to raise garment workers' minimum wages

Bangladesh has set up a panel to raise the minimum wage for millions of garment workers, a minister said Sunday, as tens of thousands protested over poor conditions highlighted by a series of disasters. "We've set up a minimum wage board for the garment s
Published 13 May, 2013 12:00am
Kuwait Airways to sign $3 billion-plus Airbus deal

Kuwait Airways to sign $3 billion-plus Airbus deal

State-run Kuwait Airways will spend 850 million dinars ($2.98 billion) on 25 new Airbus jets and aims to lease a further 13 to upgrade its ageing fleet, a Kuwaiti newspaper reported on Sunday. Daily Al-Watan cited sources close to the decision-makers as s
Published 13 May, 2013 12:00am
Qatar postpones $12 billion investment company listing

Qatar postpones $12 billion investment company listing

A planned stock market listing for Doha Global Investment Co, a $12 billion Qatari investment company backed by assets from the Gulf state's sovereign wealth fund, has been postponed, a senior bourse official said on Sunday. Qatar unveiled plans to create
Published 13 May, 2013 12:00am
Euro to slide back after April's ascent versus dollar

Euro to slide back after April's ascent versus dollar

The euro's ascent in April against the dollar will not last, according to a Reuters poll of foreign exchange strategists who see the parlous state of Europe's economies undermining the currency. The euro strengthened around 2 percent against the dollar in
Published 13 May, 2013 12:00am
Tokyo market to stay bullish on cheap yen

Tokyo market to stay bullish on cheap yen

The Japanese market soared in the week to Friday, as investors cheered the continued slide of the yen and its boon for exporters. Tokyo shares are likely to continue heading north on robust investor appetite in the coming week, as overseas markets also pi
Published 13 May, 2013 12:00am
Hedge funds in search of distress take a look at Detroit

Hedge funds in search of distress take a look at Detroit

In the past two decades, a group of specialised hedge funds have transformed corporate bankruptcies, injecting much-needed capital while at the same time drawing fire as "vultures." Now these same funds may be poised to descend on another landscape: strug
Published 13 May, 2013 12:00am
Hedge funds in search of distress take a look at Detroit

Hedge funds in search of distress take a look at Detroit

In the past two decades, a group of specialised hedge funds have transformed corporate bankruptcies, injecting much-needed capital while at the same time drawing fire as "vultures." Now these same funds may be poised to descend on another landscape: strug
Published 13 May, 2013 12:00am
Singapore investors warm up to small-cap bonds

Singapore investors warm up to small-cap bonds

Singapore's yield-starved investors are buying riskier bonds in a move that is allowing many of the city's smaller companies to issue debt for the first time. Auric Pacific Group, best known as the owner of food courts offering cheap meals to Singapore's
Published 13 May, 2013 12:00am
Singapore investors warm up to small-cap bonds

Singapore investors warm up to small-cap bonds

Singapore's yield-starved investors are buying riskier bonds in a move that is allowing many of the city's smaller companies to issue debt for the first time. Auric Pacific Group, best known as the owner of food courts offering cheap meals to Singapore's
Published 13 May, 2013 12:00am
Wall Street week ahead: 'Sell in May and Go Away?' Not This Year

Wall Street week ahead: 'Sell in May and Go Away?' Not This Year

With the Dow and the S&P 500 setting another string of record closing highs this week, the old Wall Street adage "Sell in May and Go Away" is starting to look weak. Closing out the second week of May, the Standard & Poor's 500 index is up 2.3 percent for
Published 13 May, 2013 12:00am
Tunisia stock market stirs, points to stronger economy

Tunisia stock market stirs, points to stronger economy

Tunisia is struggling with rising inflation, a big external deficit and an uncertain political outlook. These obstacles did not deter local businessman Mohamed Frikha from launching an initial public offer of shares in his fledgling carrier Syphax Airline
Published 13 May, 2013 12:00am
Sterling to pare recent gains as economy struggles

Sterling to pare recent gains as economy struggles

Sterling will pare recent gains in coming weeks and has little chance of returning to January's 16-month dollar high given the Bank of England is likely to print more money to support the moribund economy, a Reuters poll found.
Published 13 May, 2013 12:00am
Indonesian electronics retailer eyes $150 million June IPO

Indonesian electronics retailer eyes $150 million June IPO

PT Electronic City Indonesia (ECI), one of Indonesia's biggest electronics retailers, is seeking to raise around $150 million in an initial public offering in June 2013 as it aims to tap foreign investor demand for consumer stocks, two sources said. Indon
Published 13 May, 2013 12:00am
Indonesian electronics retailer eyes $150 million June IPO

Indonesian electronics retailer eyes $150 million June IPO

PT Electronic City Indonesia (ECI), one of Indonesia's biggest electronics retailers, is seeking to raise around $150 million in an initial public offering in June 2013 as it aims to tap foreign investor demand for consumer stocks, two sources said. Indon
Published 13 May, 2013 12:00am
Galaxy IPO hangs on Chinese equity market lift-off

Galaxy IPO hangs on Chinese equity market lift-off

China's equity markets are in the gutter but looking up at the heavens. The initial public offering of China Galaxy Securities, the country's biggest broker, is a bet that what has gone down must at some point go back up. Launching the IPO of a brokerage
Published 13 May, 2013 12:00am
Galaxy IPO hangs on Chinese equity market lift-off

Galaxy IPO hangs on Chinese equity market lift-off

China's equity markets are in the gutter but looking up at the heavens. The initial public offering of China Galaxy Securities, the country's biggest broker, is a bet that what has gone down must at some point go back up. Launching the IPO of a brokerage
Published 13 May, 2013 12:00am
Canadian dollar seen weakening as domestic economy struggles

Canadian dollar seen weakening as domestic economy struggles

The Canadian dollar is expected to weaken against the greenback in the year ahead, a Reuters poll showed on Wednesday, with some forecasters citing concern about the economy's slow rate of growth compared to that of the United States. The median forecast
Published 13 May, 2013 12:00am
Bulgaria election sets up stalemate, fresh protests

Bulgaria election sets up stalemate, fresh protests

Bulgarian ousted premier Boyko Borisov's party came first in tense elections Sunday but fell short of a majority, exit polls showed, setting the scene for political stalemate and fresh protests. Three months after the biggest demonstrations in years promp
Published 13 May, 2013 12:00am
Five killed, reporter kidnapped in Philippines

Five killed, reporter kidnapped in Philippines

Five people were killed in separate ambushes in the volatile southern Philippines, police and the military said Sunday, and a radio reporter was kidnapped by armed men on the eve of mid-term elections. Two men armed with short firearms abducted radio jour
Published 13 May, 2013 12:00am
Senior China planner investigated in new corruption crackdown

Senior China planner investigated in new corruption crackdown

A deputy chairman of China's top planning agency, the National Development and Reform Commission (NDRC), is under investigation for suspected "serious discipline violations", state media said on Sunday, as China's new leaders tackle deep-rooted corruption
Published 13 May, 2013 12:00am
Union organiser shot dead in South Africa

Union organiser shot dead in South Africa

A militant South African union said on Sunday that one of its organisers had been shot dead in the platinum belt city of Rustenburg, a potential flashpoint at a time when tensions are running high with job cuts and wage talks looming.
Published 13 May, 2013 12:00am
Myanmar moves internal refugees as cyclone nears

Myanmar moves internal refugees as cyclone nears

Myanmar on Sunday began moving people into emergency shelters as a cyclone threatened to batter a violence-wracked region home to tens of thousands of internal refugees. About 140,000 internally displaced persons (IDPs) living in flimsy tents or makeshift
Published 13 May, 2013 12:00am
Iran press divided on presidential hopefuls

Iran press divided on presidential hopefuls

Iran's media was split on Sunday over which candidate to back in next month's presidential election after a key moderate and a powerful government figure entered the fray. The front pages of the reformist press were plastered with pictures of former presi
Published 13 May, 2013 12:00am
Bangladesh collapsed building death toll rises to 1,125

Bangladesh collapsed building death toll rises to 1,125

The death toll from the collapse of a garment factory complex in Bangladesh rose to 1,125 on Sunday after 15 more bodies were found in the rubble overnight, 19 days after the disaster struck. Senior government official Zillur Chowdhury told AFP that the d
Published 13 May, 2013 12:00am
Turkey says Syria behind border town bombings

Turkey says Syria behind border town bombings

Turkey accused a group loyal to Syrian President Bashar al-Assad on Sunday of carrying out car bombings that killed 46 people in a Turkish border town and said the risk of unrest spreading to Syria's neighbours was increasing.
Published 13 May, 2013 12:00am
History will judge me 'fairly': Mubarak

History will judge me 'fairly': Mubarak

Former president Hosni Mubarak, on trial for the death of protesters during Egypt's 2011 uprising that toppled him, said future generations would judge him "fairly" in an interview published on Sunday, but his lawyer denied the exchange took place. "The i
Published 13 May, 2013 12:00am
Gunmen kill seven people in Iraq

Gunmen kill seven people in Iraq

Gunmen shot dead four women in Baghdad and killed three men north of the capital on Sunday, security and medical officials said. The women were killed in a house in the Karrada area of central Baghdad, while the men were shot dead while walking on the mai
Published 13 May, 2013 12:00am
Denmark's prime minister in Afghanistan on surprise visit

Denmark's prime minister in Afghanistan on surprise visit

Denmark's Prime Minister Helle Thorning-Schmidt on Sunday made an unannounced visit to Afghanistan where she met Danish soldiers in the troubled south-western Helmand province, her office said. "The prime minister visited the special forces in Lashkar Gah
Published 13 May, 2013 12:00am
SMS tool makes 2013 electioneering more robust

SMS tool makes 2013 electioneering more robust

The mobile phone operators in the country cashed the boom and enthusiasm of voters during elections 2013 campaign and generated revenues as SMS traffic got boost upto one billion per day. The election 2013 happened on May 11, can be termed quite a unique
Published 13 May, 2013 12:00am
Nawaz urged to concentrate on Kashmir issue

Nawaz urged to concentrate on Kashmir issue

Chairman Kashmir Council EU, Ali Raza Syed said, Pakistan's upcoming government should concentrate on Kashmir issue on the top priority basis. In a meeting of the council in Brussels in connection with political affairs of South Asia region particularly s
Published 13 May, 2013 12:00am
'Nawaz won't disappoint people as new premier'

'Nawaz won't disappoint people as new premier'

PML-N Chief Nawaz Sharif's daughter Maryam Nawaz said her father, who was set to become Pakistani premier for a third time, will not disappoint the people and will "deliver". Maryam Nawaz thanked the people of Pakistan and said: "Inshallah, her father wou
Published 13 May, 2013 12:00am
Security of Nawaz, Shahbaz and Imran tightened

Security of Nawaz, Shahbaz and Imran tightened

Caretaker Punjab Chief Minister, Najam Sethi, on Sunday ordered immediate strengthening of the security of President Pakistan Muslim League-N, Nawaz Sharif, former Chief Minister Punjab Shahbaz Sharif and their family. He has issued necessary instructions
Published 13 May, 2013 12:00am
IT centre for Hujjaj to be inaugurated today

IT centre for Hujjaj to be inaugurated today

Information Technology Centre of Ministry of Religious Affairs will be inaugurated here at Ministry of Religious Affairs on Monday (May 13). Saudi Ambassador in Pakistan Abdul Aziz Algadeer will inaugurate the IT centre, said a press release issued here.
Published 13 May, 2013 12:00am
International Day of Families on May 15

International Day of Families on May 15

International Day of Families will be observed on May 15 across the world including Pakistan to highlight the importance of families to people, societies and cultures around the world. International Day of Families 2013 theme is "Advancing Social Integrat
Published 13 May, 2013 12:00am
Man killed in clash

Man killed in clash

At least one person was killed and several others injured in a clash between jubilant Pakistan Muslim League-Nawaz (PML-N) activists and supporters of Awami National Party (ANP) on Sunday. According to details, PML-N workers were jubilant because of the s
Published 13 May, 2013 12:00am
MQM, PPP score victories in Hyderabad

MQM, PPP score victories in Hyderabad

The Muttahida Qaumi Movement (MQM) and Pakistan People's Party have won elections from the 3 National Assembly and 6 Sindh Assembly seats in Hyderabad, with the former bagging 2 NA and 4 PS seats and the latter 1 NA and 2 PS seats.
Published 13 May, 2013 12:00am
Masses went to polls without fear: Javed Iqbal

Masses went to polls without fear: Javed Iqbal

Chief Secretary Punjab, Javed Iqbal has said that due to active monitoring and exemplary arrangements, a large number of people exercised their right to franchise without any fear on Election Day. He said that complaints of people reduced to a large exten
Published 13 May, 2013 12:00am
Mother's day celebrated

Mother's day celebrated

People across the globe including Pakistan celebrated Mother's Day on May 12 (Sunday) to share their sentiments and express profound love for their mothers. Mother's Day is a celebration honouring mothers and motherhood, maternal bonds, and the influence
Published 13 May, 2013 12:00am
Munawwar greets Nawaz on election victory

Munawwar greets Nawaz on election victory

Ameer, Jamaat-e-Islami, Syed Munawwar Hassan, has congratulated Pakistan Muslim League-Nawaz (PML-N) President, Nawaz Sharif, on the clear victory of his party in the general elections, and expressed good wishes for him. In a message of greetings for the
Published 13 May, 2013 12:00am
Rain, thundershower in Punjab, KP, Kashmir, GB likely

Rain, thundershower in Punjab, KP, Kashmir, GB likely

Pakistan Meteorological Department (PMD) on Sunday indicated chances of rain and thundershower for isolated places of Punjab, Khyber Pakhtunkhwa, Kashmir and Gilgit Baltistan. Rain and thundershower is expected at isolated places of Islamabad, Rawalpindi,
Published 13 May, 2013 12:00am
KWSB extends date to pay water bills

KWSB extends date to pay water bills

The Karachi Water and Sewerage Board (KW&SB), on Sunday announced to extend the date for payment of monthly bills upto May 24. A statement said that the consumers are advised to pay their monthly bills without any surcharge up to May 24.
Published 13 May, 2013 12:00am
PTI to play effective role in opposition: Qureshi

PTI to play effective role in opposition: Qureshi

The Pakistan Tehrik-e-Insaf (PTI) vice-president Makhdoom Shah Mehmood Qureshi on Sunday said that his Party will play an effective role in the opposition. While talking with media, Qureshi said the PTI emerged as the second biggest party after the electi
Published 13 May, 2013 12:00am
Rise in turnout due to awareness created by media

Rise in turnout due to awareness created by media

An increase in turn out witnessed during the elections is mainly due to awareness created by the media regarding political issues among the public. Professor Dr Umbreen Javaid chairperson department of political science, University of Punjab said here on
Published 13 May, 2013 12:00am
EC rejects allegations of polls' rigging

EC rejects allegations of polls' rigging

No rigging was carried out in polling for national and provincial assemblies constituencies and allegations levelled by some loser candidates against Election Commission are untrue and baseless. This was stated by Provincial Election Commissioner Balochis
Published 13 May, 2013 12:00am
Kaira congratulates PML-N

Kaira congratulates PML-N

Leader of Pakistan People's Party (PPP) Qamar Zaman Kaira on Sunday congratulated the leadership of Pakistan Muslim League-Nawaz (PML-N) on the victory in general elections. Talking to a private TV channel, he said that Pakistan People's Party (PPP) had a
Published 13 May, 2013 12:00am
Zardari, Karzai discuss bilateral ties

Zardari, Karzai discuss bilateral ties

Afghan President Hamid Ali Karzai called President Asif Ali Zardari a short while ago. Bilateral relations and the regional situation was discussed during the telephonic conversation, spokesperson to President Farhatullah Babar said.
Published 13 May, 2013 12:00am
Six rockets fired at Quetta

Six rockets fired at Quetta

Six rockets were fired in different area of the provincial capital on Sunday night. Police sources said that unknown men fired rockets from mountainous side those landed in different areas of the metropolis. The law enforcement agencies personnel and resc
Published 13 May, 2013 12:00am
JUI-F rejects election results of Quetta

JUI-F rejects election results of Quetta

Senator and President of Jamiat Ulema-e-Islam-Fazl Quetta chapter Hafiz Hamdullah has alleged polling staff of rigging and said that JUI-F Quetta rejected polling results of two national assembly and six provincial assembly seats of Quetta. He was address
Published 13 May, 2013 12:00am
20 houses gutted in fire

20 houses gutted in fire

Twenty houses were gutted in a fire in Mevo Mugheri village near Badin city on Sunday. Fire-fighters with the help of five fire tenders managed to put out the blaze. The affected villagers include Imam Bux, Soomar, Qasim Mugheri, Sain Bux, and Yar Muhamma
Published 13 May, 2013 12:00am
BNP-M rejects election results

BNP-M rejects election results

Senior Vice President of Balochistan National Party (Mengal) Sajid Tareen has alleged that his party has been punished in the elections for its bold stance on rights of Balochs on natural resources and raising strong voice over atrocities against the peop
Published 13 May, 2013 12:00am
Infectious Diseases Symposium on May 29

Infectious Diseases Symposium on May 29

The Royal College of Physicians of Edinburgh (RCPE) is organising Infectious Diseases Symposium on May 29, 2013 at Shaukat Khanum Memorial Cancer Hospital and Research Centre and will have this telecasted live. The symposium celebrates the dramatic progre
Published 13 May, 2013 12:00am
Afghan forces deployed at Pakistan border

Afghan forces deployed at Pakistan border

After a second clash in a week on the Durand Line, the Afghan government has deployed additional forces in Goshta district of the eastern Nangarhar province, putting hundreds of border police backed by army and quick reaction force on standby to prevent t
Published 13 May, 2013 12:00am
Khar alleges rigging

Khar alleges rigging

PML-F candidate for NA-176, Ghulam Mustafa Khar, has alleged that rigging in elections at his constituency caused his defeat. Addressing a press conference here at Multan press club on Sunday, he claimed that polling agents of his rival candidate and poli
Published 13 May, 2013 12:00am
PML-N to resolve economic and social issues: Pervez Rashid

PML-N to resolve economic and social issues: Pervez Rashid

Pakistan Muslim League-Nawaz (PML-N) Spokesman Pervez Rashid has said that his party made successful efforts to resolve constitutional issues during the previous regime. Talking to media‚ he said now after assuming power his party would make sincere effor
Published 13 May, 2013 12:00am
Nine including two PML-N workers killed in Karachi

Nine including two PML-N workers killed in Karachi

With the conclusion of general elections, the targeted killings has once again surfaced in the city, as at least nine persons including two activists of Pakistan Muslim League- Nawaz were killed and two others including a Station House Officer (SHP) injur
Published 13 May, 2013 12:00am
Islamabad still wears deserted look

Islamabad still wears deserted look

The federal capital has worn deserted look on the second day of election as many of the people have not returned from their native towns after casting their vote. Majority of the people in capital, belonged to other parts of the country, have settled here
Published 13 May, 2013 12:00am
Imran faces ultimate test in governing KP

Imran faces ultimate test in governing KP

In perhaps the most dramatic outcome of elections, Imran Khan's party has won power in the north-west, putting to the ultimate test the former cricket star's anti-US rhetoric and calls for peace talks with the Taliban. After years of war, displacement and
Published 13 May, 2013 12:00am
Amir Haider Hoti wins NA seat for ANP

Amir Haider Hoti wins NA seat for ANP

Former Chief Minister Khyber Pakhtunkhwa and central leader of the Awami National Party (ANP), Amir Haider Khan Hoti, secured a NA-9 Mardan constituency. Hoti has become the first candidate from the party to win a National Assembly seat in general electio
Published 13 May, 2013 12:00am
Two presiding officers arrested

Two presiding officers arrested

Two presiding officers on Sunday were handcuffed while arrest warrants of 28 others were issued for delaying the results of general elections 2013. According to details, Assistant Professor Nasir Mehmood, presiding officer of National Assembly constituenc
Published 13 May, 2013 12:00am
PTI, JI hold demonstration against 'rigging' in Karachi

PTI, JI hold demonstration against 'rigging' in Karachi

Supporters of Pakistan Tahrik-e-Insaf (PTI) and Jamat-e-Islami on Sunday gathered at Teen Talwar in protest against, what they said, massive rigging in the general elections in Karachi. The protesters, who were carrying PTI flags and party's electoral sym
Published 13 May, 2013 12:00am
Ghee makers oppose ''restrictive'' investment scheme

Ghee makers oppose ''restrictive'' investment scheme

The ghee and cooking oil industry is threatened by an investment scheme (Section 65 D) of Income Tax Ordinance, 2001 for setting up new industrial units and suggested Federal Board of Revenue (FBR) to exclude solvent extractions and refining and manufactu
Published 13 May, 2013 12:00am
Ghee makers oppose 'restrictive' investment scheme

Ghee makers oppose 'restrictive' investment scheme

The ghee and cooking oil industry is threatened by an investment scheme (Section 65 D) of Income Tax Ordinance, 2001 for setting up new industrial units and suggested Federal Board of Revenue (FBR) to exclude solvent extractions and refining and manufactu
Published 13 May, 2013 12:00am
Ghee makers oppose 'restrictive' investment scheme

Ghee makers oppose 'restrictive' investment scheme

The ghee and cooking oil industry is threatened by an investment scheme (Section 65 D) of Income Tax Ordinance, 2001 for setting up new industrial units and suggested Federal Board of Revenue (FBR) to exclude solvent extractions and refining and manufactu
Published 13 May, 2013 12:00am
Bangladesh arrests top Jamaat-i-Islami leader

Bangladesh arrests top Jamaat-i-Islami leader

Bangladeshi security forces arrested on Sunday the leader of the country's biggest Islamist party on charges of war crimes and crimes against humanity, a senior police official said. AKM Yusuf, the leader of Jamaat-e-Islami, was arrested in the capital Dh
Published 13 May, 2013 12:00am
Bangladesh arrests top Jamaat-i-Islami leader

Bangladesh arrests top Jamaat-i-Islami leader

Bangladeshi security forces arrested on Sunday the leader of the country's biggest Islamist party on charges of war crimes and crimes against humanity, a senior police official said. AKM Yusuf, the leader of Jamaat-e-Islami, was arrested in the capital Dh
Published 13 May, 2013 12:00am
Republicans demand probe of tax scrutiny of US conservative groups

Republicans demand probe of tax scrutiny of US conservative groups

Republican lawmakers called on Sunday for a broad investigation of the US tax agency's acknowledgement that its agents had singled out conservative political groups for more scrutiny, and demanded that President Barack Obama make clear the action was unac
Published 13 May, 2013 12:00am
Republicans demand probe of tax scrutiny of US conservative groups

Republicans demand probe of tax scrutiny of US conservative groups

Republican lawmakers called on Sunday for a broad investigation of the US tax agency's acknowledgement that its agents had singled out conservative political groups for more scrutiny, and demanded that President Barack Obama make clear the action was unac
Published 13 May, 2013 12:00am
Cameron faces growing party splits over Europe

Cameron faces growing party splits over Europe

A senior British minister said on Sunday he would support an exit from the European Union if there were a vote on the issue, as Prime Minister David Cameron faces a revolt over Europe from lawmakers in his own party. Up to 100 eurosceptic Conservative mem
Published 13 May, 2013 12:00am
Cameron faces growing party splits over Europe

Cameron faces growing party splits over Europe

A senior British minister said on Sunday he would support an exit from the European Union if there were a vote on the issue, as Prime Minister David Cameron faces a revolt over Europe from lawmakers in his own party. Up to 100 eurosceptic Conservative mem
Published 13 May, 2013 12:00am
15 killed in SARS-like virus in Saudi Arabia

15 killed in SARS-like virus in Saudi Arabia

Fifteen people in Saudi Arabia have died from a SARS-like virus out of 24 people who contracted it since last August, Health Minister Abdullah al-Rabia said on Sunday. "The number of people who contracted the virus in the kingdom since August/September is
Published 13 May, 2013 12:00am
15 killed in SARS-like virus in Saudi Arabia

15 killed in SARS-like virus in Saudi Arabia

Fifteen people in Saudi Arabia have died from a SARS-like virus out of 24 people who contracted it since last August, Health Minister Abdullah al-Rabia said on Sunday. "The number of people who contracted the virus in the kingdom since August/September is
Published 13 May, 2013 12:00am
Suicide bomb kills six in Quetta: IG Balochistan escapes attack

Suicide bomb kills six in Quetta: IG Balochistan escapes attack

The police chief of Balochistan narrowly escaped a suicide attack Sunday that killed at least six people and wounded 46 others, officials said. Inspector General Mushtaq Sukhera had just entered his residence when a suicide bomber in a vehicle laden with
Published 13 May, 2013 12:00am
Suicide bomb kills six in Quetta: IG Balochistan escapes attack

Suicide bomb kills six in Quetta: IG Balochistan escapes attack

The police chief of Balochistan narrowly escaped a suicide attack Sunday that killed at least six people and wounded 46 others, officials said. Inspector General Mushtaq Sukhera had just entered his residence when a suicide bomber in a vehicle laden with
Published 13 May, 2013 12:00am
Germany pushing for faster reform in eurozone

Germany pushing for faster reform in eurozone

Germany wants further reforms and savings in crisis-hit euro zone states, according to a report obtained by German magazine Spiegel in which Berlin evaluates progress made under strengthened EU budget rules. The rules have managed to spur in all euro zone
Published 13 May, 2013 12:00am
PTI not to make alliance with PML-N: Hashmi

PTI not to make alliance with PML-N: Hashmi

Pakistan Tehreek-i-Insaf (PTI) President Makhdoom Javed Hashmi said on Sunday that PTI will not make an alliance with Pakistan Muslim League-Nawaz (PML-N). Unofficial poll results suggest that PML-N is currently leading the elections. Talking to the media
Published 13 May, 2013 12:00am
EU warns Syria crisis at 'breaking point', boosts aid

EU warns Syria crisis at 'breaking point', boosts aid

The European Commission announced on Sunday an additional 65 million euros ($84 million) in aid for Syrian refugees and internally displaced, warning the crisis is "already at breaking point". The announcement came in a statement released to coincide with
Published 13 May, 2013 12:00am
EU warns Syria crisis at 'breaking point', boosts aid

EU warns Syria crisis at 'breaking point', boosts aid

The European Commission announced on Sunday an additional 65 million euros ($84 million) in aid for Syrian refugees and internally displaced, warning the crisis is "already at breaking point". The announcement came in a statement released to coincide with
Published 13 May, 2013 12:00am
China marks anniversary of killer Sichuan quake

China marks anniversary of killer Sichuan quake

China Sunday marked the fifth anniversary of the Sichuan earthquake which killed more than 80,000 but some said questions remained over the thousands of children who died as their schools collapsed. The 8.0 magnitude earthquake struck the south-western pr
Published 13 May, 2013 12:00am
China marks anniversary of killer Sichuan quake

China marks anniversary of killer Sichuan quake

China Sunday marked the fifth anniversary of the Sichuan earthquake which killed more than 80,000 but some said questions remained over the thousands of children who died as their schools collapsed. The 8.0 magnitude earthquake struck the south-western pr
Published 13 May, 2013 12:00am
16 die as explosion hits passenger coach in North Waziristan

16 die as explosion hits passenger coach in North Waziristan

At least 16 people were killed on Sunday in a blast which ripped through a passenger coach in North Waziristan. The nature of the blast could not be ascertained immediately. However, reports said the explosion took place near a passenger coach in Miransha
Published 13 May, 2013 12:00am
16 die as explosion hits passenger coach in North Waziristan

16 die as explosion hits passenger coach in North Waziristan

At least 16 people were killed on Sunday in a blast which ripped through a passenger coach in North Waziristan. The nature of the blast could not be ascertained immediately. However, reports said the explosion took place near a passenger coach in Miransha
Published 13 May, 2013 12:00am
Election Outlook-XII: Ethnic cleavages

Election Outlook-XII: Ethnic cleavages

Sending flowers is a measure of how much you care. And, firing a broadside at somebody is a measure of how much you dislike or despise that person. It was, arguably, not a propitious time for MQM chief Altaf Husain to start a new brawl with PML-N chief Na
Published 13 May, 2013 12:00am
Election Outlook-XII: Ethnic cleavages

Election Outlook-XII: Ethnic cleavages

Sending flowers is a measure of how much you care. And, firing a broadside at somebody is a measure of how much you dislike or despise that person. It was, arguably, not a propitious time for MQM chief Altaf Husain to start a new brawl with PML-N chief Na
Published 13 May, 2013 12:00am
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