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Oct 30, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-05-24
Treasury yields jump

Treasury yields jump

US Treasury yields on the benchmark 10-year note rose above the key two percent level on Wednesday, the highest level in two months, as Federal Reserve Chairman Ben Bernanke added to bond investor fears that the US central bank might slow its bond purchas
Published 24 May, 2013 12:00am
Australian shares drop

Australian shares drop

Australian shares fell 2.0 percent on Thursday, their worst daily loss in more than two months, depressed by a weak preliminary manufacturing activity survey from China. The flash HSBC Purchasing Managers' Index (PMI) for May fell to 49.6, slipping under
Published 24 May, 2013 12:00am
Chinese shares buck weakness, Hong Kong losses accelerate

Chinese shares buck weakness, Hong Kong losses accelerate

Hong Kong shares are headed for their worst daily loss in seven weeks on Thursday, sinking deeper into the red after a preliminary private survey suggested manufacturing activity in China contracted in May for the first time since October. Chinese markets
Published 24 May, 2013 12:00am
European index logs biggest one-day fall in a year

European index logs biggest one-day fall in a year

A benchmark European equity index logged its biggest one-day fall in nearly a year on Thursday, hit by worries over a possible end to US economic stimulus measures, with mining stocks among the worst performers. Some investors and traders were betting on
Published 24 May, 2013 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks fell 1.9 percent in their worst day in nearly seven weeks on Thursday as investors took profits after recent gains, with techs and banks ending lower. The main TAIEX index closed down at 8,237.83 points, its biggest one-day percentage fall s
Published 24 May, 2013 12:00am
India's NSE falls by most in a year

India's NSE falls by most in a year

India's NSE index posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the US stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. The biggest co
Published 24 May, 2013 12:00am
FTSE suffers worst day in a year on stimulus taper worries

FTSE suffers worst day in a year on stimulus taper worries

Britain's FTSE 100 share index suffered its biggest one-day drop in a year on Thursday, knocked off historic peaks by weak economic data and signs the US Federal Reserve could soon taper its stimulus programme. Fed chairman Ben Bernanke said late on Wedne
Published 24 May, 2013 12:00am
Yen gains across the board in Asia

Yen gains across the board in Asia

The yen gained across the board on Thursday, bouncing sharply off a 4-1/2-year low against the dollar and notching up a two-week high against the euro after a whiplash move in stocks prompted investors to scramble for safety in Japanese bonds. The yen was
Published 24 May, 2013 12:00am
Yen vaults versus dollar, euro in London

Yen vaults versus dollar, euro in London

The yen vaulted against the dollar and the euro on Thursday as a slide in equities prompted investors to take profits on the safe-haven Japanese currency's recent sharp falls. Concerns US monetary stimulus could be scaled back, after testimony on Wednesda
Published 24 May, 2013 12:00am
Early trade in New York: yen jumps against dollar, euro

Early trade in New York: yen jumps against dollar, euro

The yen broke recent trends and jumped against the dollar and the euro on Thursday after a slide in stocks sparked by a drop in Chinese factory activity prompted a rush for the safe-haven Japanese currency. China's factory activity shrank for the first ti
Published 24 May, 2013 12:00am
Dollar climbs to multi-year highs

Dollar climbs to multi-year highs

The dollar rose to a 4-1/2-year high against the yen and a near three-year peak against a currency basket on Wednesday after Federal Reserve Chairman Ben Bernanke stoked speculation the US central bank could slow its asset buying in coming months.
Published 24 May, 2013 12:00am
Yuan down slightly

Yuan down slightly

China's yuan, which hit record highs the past two days, closed slightly lower against the dollar on Thursday after the central bank signalled a pause in moves encouraging appreciation for the currency. Spot yuan closed at 6.1340 against the dollar, down f
Published 24 May, 2013 12:00am
Indian rupee recovers

Indian rupee recovers

The Indian rupee recovered from a more than 8-1/2 month low hit earlier on Thursday, as exporters took advantage of a spike in the dollar to sell the greenback and on fears the central bank would intervene to stabilise the local currency. The rupee still
Published 24 May, 2013 12:00am
Most emerging Asian currencies fall

Most emerging Asian currencies fall

Most emerging Asian currencies on Thursday fell as a weak China manufacturing survey increased concerns over the world's No 2 economy, adding to pressure on regional units generated by prospects of reduced inflows if the Federal Reserve scales back its st
Published 24 May, 2013 12:00am
Sterling springs back

Sterling springs back

Sterling recovered from a 10-week low against the dollar on Thursday on confirmation that Britain's economy grew in the first quarter, although gains are likely to prove fleeting. Traders said the pound was also benefiting from the US dollar's fall as inv
Published 24 May, 2013 12:00am
World Hockey League camp from May 29

World Hockey League camp from May 29

The training camp of national senior probables preparing for participation in the Hockey World League will be held at Abbottabad from May 29 to June 15 and thereafter, the probables will reassemble at Hockey Club of Pakistan Stadium, Karachi on June 18.
Published 24 May, 2013 12:00am
Saleh top seed in Asian Snooker 6-Red Championship

Saleh top seed in Asian Snooker 6-Red Championship

Newly-crowned Asian Snooker Champion, Saleh Muhammad Muhammadi of Afghanistan has been top seeded for the Asian Snooker 6-Red Championship which goes into action in Qatar from Friday. Saleh, formerly of Pakistan earlier this month won the Jubilee Insuranc
Published 24 May, 2013 12:00am
Khawaja looks to Ashes to nail down Test spot

Khawaja looks to Ashes to nail down Test spot

Usman Khawaja says he is desperate to emerge from the periphery and consolidate a regular spot in the Australian team for this year's Ashes series against England. The Pakistan-born batsman, 26, who made his Test debut almost 18 months ago but has only pl
Published 24 May, 2013 12:00am
Berlin and Warsaw to stage European finals in 2015

Berlin and Warsaw to stage European finals in 2015

Berlin will stage the Champions League final for the first time in 2015 and Warsaw will be the venue for the Europa League final, UEFA said on Thursday. "Two beautiful venues for our finals for 2015," UEFA general secretary Gianni Infantino told a news co
Published 24 May, 2013 12:00am
Nadal targets super eight in Paris

Nadal targets super eight in Paris

Rafael Nadal can become the first man to win the same Grand Slam title eight times at the French Open with few willing to risk talking down the rejuvenated Spaniard's chances. Having pulled clear of Bjorn Borg's record of six wins at Roland Garros with a
Published 24 May, 2013 12:00am
India spot-fix scandal 'shameful': sports minister

India spot-fix scandal 'shameful': sports minister

India's sports minister on Thursday branded as "shameful" the spot-fixing scandal involving the arrest of three cricketers, including Test fast bowler Shanthakumaran Sreesanth, and 11 bookmakers. Police last week arrested Sreesanth and team-mates Ankeet C
Published 24 May, 2013 12:00am
UEFA approves 10-game racism ban, blood tests

UEFA approves 10-game racism ban, blood tests

European football governing body UEFA on Thursday formally ratified plans to impose 10-game European suspensions on players and officials found guilty of racism. Racist behaviour by supporters will initially be punished with a partial stadium closure, wit
Published 24 May, 2013 12:00am
U-16 football championship from June 7

U-16 football championship from June 7

Pakistan Football Federation (PFF) has announced to hold National U-16 Football Championship 2013 from 7th June, 2013 to 17th June, 2013 at Arifwala district Pakpattan.
Published 24 May, 2013 12:00am
ICC withdraws umpire Asad Rauf from Champions Trophy

ICC withdraws umpire Asad Rauf from Champions Trophy

Pakistani umpire Asad Rauf has been withdrawn from next month's Champions Trophy tournament in England amid media reports he is under Indian police investigation for spot-fixing, the ICC said Thursday. The announcement comes a week after police arrested t
Published 24 May, 2013 12:00am
No Vettori for Kiwis as they bid to hold England

No Vettori for Kiwis as they bid to hold England

Daniel Vettori's hopes of making a return to Test cricket in New Zealand's series finale with England in Leeds ultimately came to nothing after he was ruled out on Thursday. Former captain Vettori hasn't played a Test for nearly a year, mainly because of
Published 24 May, 2013 12:00am
Cook expects hard work at Headingley

Cook expects hard work at Headingley

England captain Alastair Cook believes Headingley will be far from the bowling-friendly ground of old when the second Test against New Zealand starts at Yorkshire's headquarters on Friday. England shot out the Black Caps for just 68 in their second inning
Published 24 May, 2013 12:00am
Hafeez century takes Pakistan to 266 against Ireland

Hafeez century takes Pakistan to 266 against Ireland

Mohammad Hafeez scored his fifth century in one-day international cricket to put Pakistan in a commanding position in the first match of their series against Ireland at Clontarf on Wednesday. The Pakistan innings was interrupted four times by rain but onl
Published 24 May, 2013 12:00am
EU to send border security advisers to Libya

EU to send border security advisers to Libya

European Union governments agreed on Wednesday to send advisers to Libya to help improve border security in response to concerns that Islamist militants and weapons are moving freely across the North African country's frontiers. The 110-member EU civilian
Published 24 May, 2013 12:00am
Iraq violence kills 11

Iraq violence kills 11

Attacks in Iraq on Thursday killed 11 people, including four soldiers, officials said, the latest in a wave of violence that has left 420 people dead so far this month. Gunmen attacked a checkpoint in Taji, north of Baghdad, killing the four soldiers and
Published 24 May, 2013 12:00am
Japanese man, 80, scales Everest, sets record

Japanese man, 80, scales Everest, sets record

An 80-year-old Japanese climber reached the summit of Mount Everest on Thursday, becoming the oldest person to scale the world's highest mountain, his website and a Nepalese official said. Yuichiro Miura and his party, including his second son Gouta, arri
Published 24 May, 2013 12:00am
Five dead as police copter crashes in Venezuela

Five dead as police copter crashes in Venezuela

A Venezuelan police helicopter crashed Thursday while chasing a car in which kidnappers were holding hostages, and all five people aboard the aircraft died, the police chief said. Police on the ground later engaged the two kidnappers, killing one and free
Published 24 May, 2013 12:00am
Short-story writer Davis wins Booker International Prize

Short-story writer Davis wins Booker International Prize

US writer Lydia Davis, best known for her unconventionally short stories, on Wednesday claimed the prestigious Man Booker International Prize at a London ceremony. The New York based author beat off competition from the nine other authors who made the sho
Published 24 May, 2013 12:00am
British police arrest two more over London attack

British police arrest two more over London attack

British police arrested two more people on Thursday in a hunt for accomplices of two British men of Nigerian descent accused of hacking a soldier to death on a London street in revenge for wars in Muslim countries. The two suspected killers, now under gua
Published 24 May, 2013 12:00am
India Prime Minister pledges to clean up defence sector

India Prime Minister pledges to clean up defence sector

Indian Prime Minister Manmohan Singh pledged on Thursday to crack down on corruption in the defence sector after a string of recent graft scandals left his government facing renewed calls to step down. The premier said he was committed to making the proce
Published 24 May, 2013 12:00am
Dutch want governments to keep control of Urenco

Dutch want governments to keep control of Urenco

The Netherlands is willing to sell its 33 percent stake in nuclear fuel producer Urenco, but wants governments to retain a majority holding in the firm or keep control over key aspects of its business, the Dutch finance ministry said on Thursday. Britain
Published 24 May, 2013 12:00am
Italy's Benetton offers financial aid for Bangladesh survivors

Italy's Benetton offers financial aid for Bangladesh survivors

Italian garment company Benetton said Thursday it would pay health care costs for survivors of last month's building collapse in Bangladesh, and provide assistance to families of the victims. International clothing companies came under the spotlight after
Published 24 May, 2013 12:00am
Bulgarian Socialists given mandate to form government

Bulgarian Socialists given mandate to form government

The head of Bulgaria's Socialists warned that a "minefield" lay ahead as his party was tasked Thursday with forming a coalition government after coming second in this month's elections. "We are clear about the extremely heavy responsibility we undertake.
Published 24 May, 2013 12:00am
Philippines vows to defend territory against China

Philippines vows to defend territory against China

The Philippines vowed Thursday to fight China "to the last man standing", as a Chinese warship patrolled around a remote reef occupied by a handful of Filipino marines in disputed waters. In the latest flare-up over competing claims to parts of the South
Published 24 May, 2013 12:00am
Cannes film festival hit by second jewellery theft

Cannes film festival hit by second jewellery theft

The Cannes film festival was hit by a second jewellery heist on Thursday after a diamond necklace worth 2 million euros ($2.6 million) disappeared during a star-studded party, according to upmarket jeweller De Grisogono. Fawaz Gruosi, the founder of the S
Published 24 May, 2013 12:00am
Kerry meets Israelis, Palestinians in bid to revive talks

Kerry meets Israelis, Palestinians in bid to revive talks

US Secretary of State John Kerry held separate talks with Israeli and Palestinian officials on Thursday and acknowledged there was considerable scepticism that the two sides would resume peace negotiations. There were no signs of any breakthrough as Kerry
Published 24 May, 2013 12:00am
Refugees and migrants face rising dangers: Amnesty

Refugees and migrants face rising dangers: Amnesty

The world is becoming an increasingly dangerous place for refugees and migrants, Amnesty International said Thursday, as it highlighted the plight of millions of Syrians forced to flee their homes in its yearly report on global human rights. The London-ba
Published 24 May, 2013 12:00am
300,000 displaced in Sudan's Darfur this year: UN

300,000 displaced in Sudan's Darfur this year: UN

A resurgence of fighting in Sudan's western Darfur region has driven 300,000 people from their homes so far this year, UN humanitarian aid chief Valerie Amos said on Thursday. She was speaking at the end of a three-day visit to Sudan during which she visi
Published 24 May, 2013 12:00am
Ecuadoran satellite collides with Russian space junk

Ecuadoran satellite collides with Russian space junk

A small Ecuadoran satellite collided in orbit with the remains of a Russian rocket, but it is too soon to know how much damage it might have sustained, Quito's space agency said Thursday. Ecuador's space agency EXA had warned on Wednesday that a space fen
Published 24 May, 2013 12:00am
Hollande, Merkel mark 150 years of German centre-left

Hollande, Merkel mark 150 years of German centre-left

Germany's Social Democrats marked their 150th birthday Thursday, with French President Francois Hollande as guest speaker and Chancellor Angela Merkel paying a rare compliment to her election-year rivals as an "unyielding voice of democracy". Cheered on a
Published 24 May, 2013 12:00am
Lagarde in court for French arbitration case

Lagarde in court for French arbitration case

IMF chief Christine Lagarde was questioned in court by French magistrates on Thursday over her role in a 285-million-euro ($366 million) arbitration payment made to a supporter of former president Nicolas Sarkozy. Lagarde risks being placed under formal i
Published 24 May, 2013 12:00am
At least 20 soldiers killed in Niger twin attacks

At least 20 soldiers killed in Niger twin attacks

At least 20 soldiers of the Niger army died and dozens of others were wounded in two suicide attacks in northern Niger on Thursday, local media reported quoting defence officials. Sixteen soldiers were injured when a bomb targeted a camp of the Niger army
Published 24 May, 2013 12:00am
US House panel backs stiff new Iran sanctions

US House panel backs stiff new Iran sanctions

Iran could face tightened sanctions within months after a US congressional panel Wednesday adopted a measure targeting the nation's auto and mining industries as well as its foreign currency reserves. The House Foreign Affairs Committee unanimously passed
Published 24 May, 2013 12:00am
Shanghai copper slides

Shanghai copper slides

The most-traded September copper contract on the Shanghai Futures Exchange lost 2.1 percent to close at 52,350 yuan ($8,500) a tonne on Thursday after a preliminary survey showed China's factory sector contracted in May, hitting sentiment already soured b
Published 24 May, 2013 12:00am
Copper falls over three percent

Copper falls over three percent

Copper slid over 3 percent on Thursday after a weak Chinese manufacturing activity survey, adding to fears that recovery in the top metals consumer has stalled and wiping out copper price gains over the last week. Benchmark three-month copper on the Londo
Published 24 May, 2013 12:00am
Oil pares losses

Oil pares losses

Brent crude oil prices retraced earlier losses after falling to a three-week low on Thursday in a broader commodities selloff, riding the coattails of a late turnaround in US equities to end flat. Traders said the US equity market's steady recovery from e
Published 24 May, 2013 12:00am
Cotton touches four-month low

Cotton touches four-month low

Cotton futures fell to the lowest level since late January on Thursday, on technically-driven selling, worries over a potential slowdown in top consumer China, and easing supply concerns in the United States, the world's top exporter. The most-active July
Published 24 May, 2013 12:00am
Tokyo rubber tumbles

Tokyo rubber tumbles

Tokyo rubber futures tumbled more than 5 percent to their lowest in two weeks as disappointing Chinese economic data encouraged investors to liquidate contracts, while a firmer yen added to the pressure on prices, dealers said. The benchmark rubber contra
Published 24 May, 2013 12:00am
Corn up 2.9 percent

Corn up 2.9 percent

US corn and wheat futures rallied on Wednesday on a bargain-buying bounce after prices fell to multiweek lows earlier this week, traders said. Soyabean futures also rose, following the strength in grains, with the front-month contract gaining 1.1 percent
Published 24 May, 2013 12:00am
Palm oil climbs

Palm oil climbs

Malaysian palm oil futures rose on Thursday to their highest in more than a month, stretching gains to a third straight week as investors hoped for a recovery in demand ahead of the Muslim fasting month of Ramazan. Higher export demand as buyers restock a
Published 24 May, 2013 12:00am
Coffee and sugar up

Coffee and sugar up

Raw arabica coffee and raw sugar futures on ICE gained on Thursday on limited short-covering after earlier touching multi-year lows due to speculator selling amid expectations for huge supplies from top producer Brazil, dealers said. Cocoa futures were do
Published 24 May, 2013 12:00am
Gold plummets in New York

Gold plummets in New York

Gold turned sharply lower on Wednesday, as investors weighed US Federal Reserve Chairman Ben Bernanke's congressional testimony warning of risks to holding interest rates too low for too long and opened the possibility of reducing bond purchases. Spot gol
Published 24 May, 2013 12:00am
Gold rises in Asia

Gold rises in Asia

Gold climbed off session lows on Thursday after weak Chinese factory activity jolted stock markets in Asia, sending investors back to the precious metal despite expectations the US Federal Reserve will scale back its monetary stimulus. Spot gold rose 0.5
Published 24 May, 2013 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose on Thursday as the dollar remained under pressure after falling US weekly jobless claims and as a senior Federal Reserve official said the central bank is in no hurry to start winding down its economic stimulus. The president of the Federal Rese
Published 24 May, 2013 12:00am
Argentina cuts soya crop estimate

Argentina cuts soya crop estimate

Argentina cut its 2012/13 soyabean crop forecast to 50.6 million tonnes from its April forecast of 51.3 million tonnes, citing the impact of dry weather in northern growing regions, the agriculture ministry said on Thursday. Argentina is the world's No 3
Published 24 May, 2013 12:00am
Wheat up two percent

Wheat up two percent

Chicago Board of Trade wheat futures leaped 2 percent on Thursday, advancing for the second day in a row, with a falling dollar, big export sales of US wheat and technical buying boosting prices, traders said. Corn and soyabeans also rose, led by the old-
Published 24 May, 2013 12:00am
LHC Bahawalpur bench to observe holiday today

LHC Bahawalpur bench to observe holiday today

The Lahore High Court (LHC), Bahawalpur bench as well as civil and sessions courts in Bahawalpur will observe holiday on May 24. According to a notification issued by Chief Justice Umar Ata Bandial of the LHC on Thursday the public holiday at LHC Bahawalp
Published 24 May, 2013 12:00am
Dementia Research Centre inaugurated in Mayo hospital

Dementia Research Centre inaugurated in Mayo hospital

Punjab Health Minister Saleema Hashmi has stressed the need of formulation of a consolidated policy at provincial as well as national level to cater the problems of old people and to evolve a system for looking after the senior citizens.
Published 24 May, 2013 12:00am
Nandipur power project scam: Secretary asked to file comments

Nandipur power project scam: Secretary asked to file comments

The Supreme Court on Thursday issued a notice to Federal Secretary Finance to file comments in a case relating to a mega scam pertaining to Nandipur power project. A 3-member bench of the Chief Justice Iftikhar Muhammad Chaudhry heard the petition filed b
Published 24 May, 2013 12:00am
Probe into acid attack directed

Probe into acid attack directed

The Lahore High Court here on Thursday directed District and Sessions Judge, Attock to probe into the matter of acid attack on a woman and her two minor sons in Hazro Area and submit a detailed report within a week. According to details, a woman, resident
Published 24 May, 2013 12:00am
Sethi condemns attack

Sethi condemns attack

Punjab caretaker Chief Minister Najam Sethi on Thursday has strongly condemned attack on a convoy of security forces in Quetta. In his condolence message, the CM expressed deep sense of sorrow and grief over the loss of precious human lives. He said that
Published 24 May, 2013 12:00am
President condemns attack on security personnel

President condemns attack on security personnel

President Asif Ali Zardari on Thursday strongly condemned a blast that caused deaths and injuries to security personnel travelling in a bus in Quetta. The President termed it a heinous attack and said the government and the nation were determined and comm
Published 24 May, 2013 12:00am
Workshop on youth entrepreneurship held

Workshop on youth entrepreneurship held

Small and Medium Enterprises Development Authority (SMEDA) organised One-day Workshop on Youth Entrepreneurship at Isra University with the coordination of Youth Affairs Department (YAD), Government of Sindh. Ikhtiar Ahmed Khoso, Regional Business Co-ordi
Published 24 May, 2013 12:00am
LCCI to hold Africa Show tomorrow

LCCI to hold Africa Show tomorrow

The Lahore Chamber of Commerce and Industry (LCCI) is holding second Africa Show on Saturday (tomorrow) at its premises. The one-day Africa Show will also have an exhibition in its fold. The ambassadors and high commissioners of all the African countries
Published 24 May, 2013 12:00am
Second child contracts polio in Waziristan

Second child contracts polio in Waziristan

A second child has contracted polio in a tribal region near the Afghan border after the Taliban banned vaccinations there nearly a year ago, a UN official said Thursday. The first polio case was detected in the North Waziristan region, also known as the s
Published 24 May, 2013 12:00am
PTI to fulfil masses' aspirations: Hashmi

PTI to fulfil masses' aspirations: Hashmi

Pakistan Tehrik-e-Insaf (PTI) Senior Leader Javed Hashmi on Thursday said people wanted a change and prosperity in the country and only his party could fulfil their wishes. Talking to APP, he said that PTI is determined to provide a credible leadership to
Published 24 May, 2013 12:00am
PLGMEA criticises decision to launch mini-budget

PLGMEA criticises decision to launch mini-budget

Fawad Ijaz Khan, Patron-in-Chief Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA) and Mohammad Danish Khan Chairman PLGMEA criticised the decision of caretaker government to introduce mini-budget just one month before the announcem
Published 24 May, 2013 12:00am
KCCI lauds Pak-China pledge to deepen strategic ties

KCCI lauds Pak-China pledge to deepen strategic ties

Karachi Chamber of Commerce & Industry's (KCCI President Muhammad Haroon Agar has congratulated the Premier of the People's Republic of China Li Keqiang and President of Pakistan Asif Ali Zardari for reaffirmation of the pledge to deepen strategic ties ir
Published 24 May, 2013 12:00am
PSMA opposes increase in GST on sugar

PSMA opposes increase in GST on sugar

Pakistan Sugar Mills Association (PSMA) Punjab Chairman Riaz Qadeer Butt has expressed concern over levy of 17 percent GST on sugar. While talking to newsmen here on Thursday he said it would have serious repercussions. He said sugar industry of Pakistan
Published 24 May, 2013 12:00am
Pulses' import falls by $2.445 million

Pulses' import falls by $2.445 million

The country's pulses import phenomenally fell by $2.445 million during July-April 2013 on the back of a better crop, importers said on Thursday. "Last year, the winter frost hit the crop but this year the yield is encouraging," they added.
Published 24 May, 2013 12:00am
Polluted water: cultivation of vegetables posing serious health hazard

Polluted water: cultivation of vegetables posing serious health hazard

Cultivations of vegetables from polluted water in the outskirts of the city is posing serious public health hazard and authorities concerned are doing almost nothing to stop this practice. Experts believe that contaminated water, industrial waste and unhy
Published 24 May, 2013 12:00am
Old enmity claims two lives

Old enmity claims two lives

Two persons were killed over an old enmity in Shagai area here on Thursday, police said. Misal Khan and Noor Kamal were coming from Sari Gambeela to Tajori when reached at Shagai, attacked by their rivals with automatic weapons and killed them on the spot
Published 24 May, 2013 12:00am
Khoso's native area declared new district

Khoso's native area declared new district

The interim government of Balochistan has carved out new district in Nasirabad division namely Sohbatpur that is native area of Caretaker Prime Minister former justice Mir Hazar Khan Khoso. According to a handout issued here on Thursday, the new district
Published 24 May, 2013 12:00am
Preventive measures: Sida directed to visit all river areas

Preventive measures: Sida directed to visit all river areas

Divisional Commissioner Hyderabad Dr Riaz Memon has directed the management of Sindh Irrigation Development Authority (Sida) to visit all the river areas and to remove private bunds if any in the belt of river Sindh with immediate effect.
Published 24 May, 2013 12:00am
Four women among five gunned down in Sibi

Four women among five gunned down in Sibi

At least five persons including four women were killed and two others injured when armed men attacked a house here on Thursday. According to details, unknown armed miscreants barged into a house located in Malparri area of Sibi and opened indiscriminate f
Published 24 May, 2013 12:00am
DF Deutsche Forfait AG: order book closed prematurely due to high demand

DF Deutsche Forfait AG: order book closed prematurely due to high demand

DF Deutsche Forfait AG, a specialist in foreign trade financing, has successfully placed its corporate bond within a short duration of time. The order book for the bearer bond, issued with a coupon of 7.875% p.a. and a maturity of 7 years, had to be close
Published 24 May, 2013 12:00am
DF Deutsche Forfait AG: order book closed prematurely due to high demand

DF Deutsche Forfait AG: order book closed prematurely due to high demand

DF Deutsche Forfait AG, a specialist in foreign trade financing, has successfully placed its corporate bond within a short duration of time. The order book for the bearer bond, issued with a coupon of 7.875% p.a. and a maturity of 7 years, had to be close
Published 24 May, 2013 12:00am
International Exhibition for Energy Industry-POGEE 2013 from 30th

International Exhibition for Energy Industry-POGEE 2013 from 30th

11th International Exhibition for the Energy Industry-POGEE 2013 is scheduled from May 30 to June 01, 2013, at Expo Centre, Lahore. The exhibition is geared up for an extensive display of technological advancement and innovative services and is attracting
Published 24 May, 2013 12:00am
TSML records highest-ever production of iron making plant

TSML records highest-ever production of iron making plant

Tuwairqi Steel Mills Limited (TSML), Pakistan's first private sector integrated environment-friendly steel manufacturing complex - a joint venture of Al-Tuwairqi Holding (ATH)/ISPC of the Kingdom of Saudi Arabia and the world's third largest steelmaker PO
Published 24 May, 2013 12:00am
Social Welfare department asked to devise criterion for funding NGOs

Social Welfare department asked to devise criterion for funding NGOs

Khyber Pakhtunkhwa Caretaker Minister for Information and Social Welfare, Mossarat Qadeem has directed the Council of Social Welfare for devising an effective criterion for funding the NGOs and community based units, which she said played vital role in he
Published 24 May, 2013 12:00am
Seven killed in Karachi

Seven killed in Karachi

At least seven persons were killed in different incidents of violence in the city on Thursday, police and rescue sources said. Violence in Lyari area continued unabated for sixth consecutive day, after a leader of Katchi Rabita Committee was gunned down d
Published 24 May, 2013 12:00am
Tax ordinances issued by caretakers will be illegal: Rabbani

Tax ordinances issued by caretakers will be illegal: Rabbani

It would be illegal and unconstitutional if a tax ordinance is issued during the tenure of the caretaker government, PPP senior leader Senator Mian Raza Rabbani said while talking to media after Senate session here on Thursday. He said that caretaker gove
Published 24 May, 2013 12:00am
Musical evening held

Musical evening held

A large number of ambassadors, diplomats, elites and music lovers of the twin cities attended and enjoyed a wonderful musical evening organised by the Islamabad Marriott Hotel in collaboration with Mausikaar Trust on Thursday. The evening was a combinatio
Published 24 May, 2013 12:00am
MPs-elect asked to vacate additional seats by June 10

MPs-elect asked to vacate additional seats by June 10

Election Commission of Pakistan (ECP) has asked those candidates who have won more than one seat in general elections to vacate the additional seats by June 10. According to the ECP‚ legal action will be taken against those who fail to vacate additional s
Published 24 May, 2013 12:00am
Pakistan, China agree to bolster strategic partnership

Pakistan, China agree to bolster strategic partnership

Pakistan and China have decided to deepen comprehensive strategic co-operation in all sectors, especially on international and regional issues, in accordance with guiding principles of the Treaty of Friendship, Co-operation and Good-Neighbourly Relations
Published 24 May, 2013 12:00am
Chinese Prime Minister's address: Senators seated alphabetically

Chinese Prime Minister's address: Senators seated alphabetically

The Senators seated alphabetically during the special Senate Session addressed by China's Premier on Thursday. The senator's seats were place according to the Urdu alphabets and the members were guided by the Senate officials to their designated seats. Se
Published 24 May, 2013 12:00am
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