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Print - 2013-06-03
72 percent cotton sowing completed in Punjab

72 percent cotton sowing completed in Punjab

Punjab completed 72 percent cotton sowing over the target acreage of 6 million for 2013-14 Kharif season, Director General Punjab Agriculture Extension Services Dr Anjum Ali told Business Recorder here on Sunday. "The modest cotton sowing target wo
Published 03 Jun, 2013 12:00am
PML-N parliamentary party meets today

PML-N parliamentary party meets today

Chief Minister Punjab, Muhammad Shahbaz Sharif, will preside over a meeting of parliamentary party of Pakistan Muslim League-N in Punjab Assembly on Monday June 3rd at 9:30am at Alhamra Hall No 1. This was revealed in the information of PML-N received her
Published 03 Jun, 2013 12:00am
Iranian envoy calls on JI Ameer

Iranian envoy calls on JI Ameer

The Iranian Ambassador in Pakistan, Ali Reza Haghighian, called on the Ameer, Jamaat-i-Islami, Pakistan, Syed Munawar Hasan, at Mansoora on Sunday, and discussed with him the regional situation besides matters concerning Iran and Pakistan. He was accompan
Published 03 Jun, 2013 12:00am
LHC takes notice of 119 cases of human rights violation

LHC takes notice of 119 cases of human rights violation

The Lahore High Court's (LHC) Complaint Cell has taken cognisance of about 119 cases of human rights violation in last 11 months on administrative side. This initiative of High Court has fetched fruitful response with the result of a fast- track disposal
Published 03 Jun, 2013 12:00am
Heat wave to continue across country today

Heat wave to continue across country today

Heat wave conditions will persist across the country on Monday with chances of dust-storm with light rain to occur at few places of Malakand, Hazara division, Kashmir and Gilgit Balitistan. According to the synoptic situation, seasonal low lies over Baloc
Published 03 Jun, 2013 12:00am
Balochistan Assembly Speaker, Deputy Speaker to be elected on June 4

Balochistan Assembly Speaker, Deputy Speaker to be elected on June 4

The Speaker and Deputy Speaker of Balochistan Assembly will be elected on Tuesday. The strength of the Balochistan Assembly is sixty-five including eleven reserved seats for women and three for minorities. In the Assembly‚ Pakistan Muslim League-N is lead
Published 03 Jun, 2013 12:00am
JI demands government to arrest killers of its former UC Nazim

JI demands government to arrest killers of its former UC Nazim

Jamaat-i-Islami (JI) has demanded of the government to arrest the killers of Abid Ilyas, former UC Nazim of Liaquatabad Town, and give them exemplary punishment. This demand was made by Ameer JI Karachi Muhammad Hussain Mahenti while addressing a protest
Published 03 Jun, 2013 12:00am
Two Nato containers set ablaze in Mastung

Two Nato containers set ablaze in Mastung

Unknown miscreants opened fire and set ablaze two Nato containers here that were on their way to Karachi on Sunday. According to Levies sources, two Nato containers coming from Chaman border to Karachi after delivery of Nato supplies came under attack in
Published 03 Jun, 2013 12:00am
Saghir's death condoled

Saghir's death condoled

Caretaker Punjab Chief Minister, Najam Sethi on Sunday has expressed deep sense of sorrow and grief over the sad demise of a prominent poet and journalist Riaz-ur-Rehman Saghir. In a condolence message, the Chief Minister prayed that may Allah Almighty re
Published 03 Jun, 2013 12:00am
Trader's kidnapping triggers violence

Trader's kidnapping triggers violence

The incident of kidnapping of a trader from Hala Naka area, near Hyderabad Bypass, here on Sunday triggered a strong reaction from the local traders who surrounded the local police station in protest, burnt tyres and blocked the highway. According to SHO
Published 03 Jun, 2013 12:00am
Local JI leader, three ST workers among eight dead

Local JI leader, three ST workers among eight dead

At least eight persons, a local leader of Jamaat-i-Islami and three workers of Sunni Tahreek among them, in different incidents of violence in the Sindh metropolis on Sunday, police and rescue sources said. A local leader of Jamaat-i-Islami named Hanif An
Published 03 Jun, 2013 12:00am
Experts term cartels worst infraction of competition laws

Experts term cartels worst infraction of competition laws

The cartels were the worst competition infringement that resulted in an estimated price increase of 20-40 percent, while the estimated percentage of world-wide cartels in public procurement bidding is 25 percent, international competition law experts said
Published 03 Jun, 2013 12:00am
Robber killed in encounter

Robber killed in encounter

An alleged bandit has been killed and another arrested in an encounter in Industrial town of Hub. The police said on Sunday that a gang of three armed bandits entered a factory to loot the staff and labourers where exchange of fire took place between the
Published 03 Jun, 2013 12:00am
FIA detains 15 passengers, travel agent

FIA detains 15 passengers, travel agent

Federal Investigation Agency (FIA) immigration officials detained 15 passengers and a travel agent leaving for Saudi Arabia for performing Umrah here on Sunday. According to Assistant Director FIA Immigration, Sohail Fiaz, the officials during interrogati
Published 03 Jun, 2013 12:00am
Bombs, boredom threaten 'Pashto' song-and-dance cinema

Bombs, boredom threaten 'Pashto' song-and-dance cinema

A projectionist lies asleep in the sweltering heat, his face covered by a cloth. A colleague rewinds a reel manually while on screen, through the hashish smoke, a woman bounces on a bed singing "hello, hello, hello" into a cellphone. To this, her would-be
Published 03 Jun, 2013 12:00am
Liaqat Baloch felicitates Malik

Liaqat Baloch felicitates Malik

Secretary-General, Jamaat-i-Islami, Liaqat Baloch, extended greetings to Balochistan National Party Chief, Dr Abdul Malik, on his election as the Balochistan Chief Minister. Liaqat Baloch expressed the hope that the new government in Balochistan would sol
Published 03 Jun, 2013 12:00am
PML-N governments to set example of austerity, simplicity: Shahbaz

PML-N governments to set example of austerity, simplicity: Shahbaz

The presumptive Chief Minister of Punjab, Shahbaz Sharif, has said that the PML-N government at the centre and Punjab would set examples of austerity and simplicity for other provincial governments. Addressing the newly-elected Assembly Members of PML-N h
Published 03 Jun, 2013 12:00am
UVAS gets Rs 400 million research grant for 43 projects

UVAS gets Rs 400 million research grant for 43 projects

The grant donated by international donors to the University of Veterinary and Animal Sciences (UVAS) for research related projects has reached Rs 400 million for its 43 research projects in 2012-13. This was stated by Vice Chancellor Prof Dr Talat Mehmood
Published 03 Jun, 2013 12:00am
Militants kill school principal

Militants kill school principal

Militants killed the principal of a government high school in Pastawana, Frontier Region Peshawar on late Saturday night. Local residents said that dozens of heavily armed militants entered the house of headmaster Haji Rehman and opened fire at him, killi
Published 03 Jun, 2013 12:00am
161 killed in 56 bomb blasts across country in May

161 killed in 56 bomb blasts across country in May

At least 161 people were killed and 652 others injured in 56 bomb blasts as the militants escalated their attacks at the rallies and offices of political parties across Pakistan during the month of May when the country held its general elections, accordin
Published 03 Jun, 2013 12:00am
'More refineries will close in Europe'

'More refineries will close in Europe'

Total and others will shut down more refineries in Europe over the next few years because of a broad consensus to cut CO2 emissions and reduce consumption, the chief executive of the French oil major said on Sunday.
Published 03 Jun, 2013 12:00am
US transfers Younis to Mauritania

US transfers Younis to Mauritania

US authorities have transferred Younis al-Mauritani, a suspected senior member of al Qaeda previously held in Afghanistan, to Mauritania, officials in the West African nation said on Saturday. Pakistan said in September 2011 it arrested al-Mauritani, bett
Published 03 Jun, 2013 12:00am
US transfers Younis to Mauritania

US transfers Younis to Mauritania

US authorities have transferred Younis al-Mauritani, a suspected senior member of al Qaeda previously held in Afghanistan, to Mauritania, officials in the West African nation said on Saturday. Pakistan said in September 2011 it arrested al-Mauritani, bett
Published 03 Jun, 2013 12:00am
US hopes to work with new government: envoy

US hopes to work with new government: envoy

The United States is looking forward to work with the newly-elected government of Pakistan and also welcomes the conduct of peaceful general election and transition of powers peacefully, said Richard E Hoagland, the Deputy Chief of US Mission in Islamabad
Published 03 Jun, 2013 12:00am
US hopes to work with new government: envoy

US hopes to work with new government: envoy

The United States is looking forward to work with the newly-elected government of Pakistan and also welcomes the conduct of peaceful general election and transition of powers peacefully, said Richard E Hoagland, the Deputy Chief of US Mission in Islamabad
Published 03 Jun, 2013 12:00am
Nato takes up cyber-defence as threat grows

Nato takes up cyber-defence as threat grows

Defence ministers from Nato's 28 member states meet on Tuesday with cyber-defence top of the agenda, amid concerns about the threat posed by increasing cyber-attacks, many blamed on China.
Published 03 Jun, 2013 12:00am
Ahmadinejad unhurt as chopper forced to land

Ahmadinejad unhurt as chopper forced to land

President Mahmoud Ahmadinejad's helicopter was forced to make an emergency landing in north-east Iran on Sunday after an unspecified "accident", the presidency reported, adding that he was unhurt. "The helicopter carrying Dr Ahmadinejad and a number of of
Published 03 Jun, 2013 12:00am
Ahmadinejad unhurt as chopper forced to land

Ahmadinejad unhurt as chopper forced to land

President Mahmoud Ahmadinejad's helicopter was forced to make an emergency landing in north-east Iran on Sunday after an unspecified "accident", the presidency reported, adding that he was unhurt. "The helicopter carrying Dr Ahmadinejad and a number of of
Published 03 Jun, 2013 12:00am
US soldier faces trial over WikiLeaks disclosures

US soldier faces trial over WikiLeaks disclosures

Three years after his arrest in Iraq for allegedly causing America's worst ever national security breach, US Army private Bradley Manning finally goes on trial Monday over his disclosures to WikiLeaks. Manning, who faces a possible 154-year jail sentence,
Published 03 Jun, 2013 12:00am
US soldier faces trial over WikiLeaks disclosures

US soldier faces trial over WikiLeaks disclosures

Three years after his arrest in Iraq for allegedly causing America's worst ever national security breach, US Army private Bradley Manning finally goes on trial Monday over his disclosures to WikiLeaks. Manning, who faces a possible 154-year jail sentence,
Published 03 Jun, 2013 12:00am
Syrian rebels and Hezbollah clash inside Lebanon

Syrian rebels and Hezbollah clash inside Lebanon

Hezbollah guerrillas fought a deadly battle with Syrian rebels in Lebanon's eastern border region early on Sunday, security sources said, in the latest eruption of Syria's conflict on Lebanese soil. Sources said at least 12 rebels were killed in the fight
Published 03 Jun, 2013 12:00am
Syrian rebels and Hezbollah clash inside Lebanon

Syrian rebels and Hezbollah clash inside Lebanon

Hezbollah guerrillas fought a deadly battle with Syrian rebels in Lebanon's eastern border region early on Sunday, security sources said, in the latest eruption of Syria's conflict on Lebanese soil. Sources said at least 12 rebels were killed in the fight
Published 03 Jun, 2013 12:00am
Barclays pulled into US money laundering investigation

Barclays pulled into US money laundering investigation

Barclays has been dragged into an international money laundering investigation after US prosecutors discovered that Arthur Budovsky, the founder of digital currency exchange Liberty Reserve, held an account with the British bank. US prosecutors have filed
Published 03 Jun, 2013 12:00am
Barclays pulled into US money laundering investigation

Barclays pulled into US money laundering investigation

Barclays has been dragged into an international money laundering investigation after US prosecutors discovered that Arthur Budovsky, the founder of digital currency exchange Liberty Reserve, held an account with the British bank. US prosecutors have filed
Published 03 Jun, 2013 12:00am
Barclays pulled into US money laundering investigation

Barclays pulled into US money laundering investigation

Barclays has been dragged into an international money laundering investigation after US prosecutors discovered that Arthur Budovsky, the founder of digital currency exchange Liberty Reserve, held an account with the British bank. US prosecutors have filed
Published 03 Jun, 2013 12:00am
Russia's Altimo says no plan for new Orascom offer

Russia's Altimo says no plan for new Orascom offer

Russian firm Altimo said on Sunday it had no plans to launch a new offer to buy out minority shareholders in Orascom Telecom (OTH) after Egypt's regulator rejected its attempt to reopen its earlier tender. Orascom Telecom, a heavyweight on the Egyptian St
Published 03 Jun, 2013 12:00am
National Assembly to elect Speaker, Deputy Speaker today

National Assembly to elect Speaker, Deputy Speaker today

The National Assembly will elect Speaker and Deputy Speaker on Monday (today) for the next 5-year term with opposition parties unable to bring unanimous candidates against Pakistan Muslim League-Nawaz (PML-N) candidates. The nomination papers submitted by
Published 03 Jun, 2013 12:00am
National Assembly to elect Speaker, Deputy Speaker today

National Assembly to elect Speaker, Deputy Speaker today

The National Assembly will elect Speaker and Deputy Speaker on Monday (today) for the next 5-year term with opposition parties unable to bring unanimous candidates against Pakistan Muslim League-Nawaz (PML-N) candidates. The nomination papers submitted by
Published 03 Jun, 2013 12:00am
Governor Balochistan resigns

Governor Balochistan resigns

Governor Balochistan Nawab Zulfiqar Ali Magsi has tendered his resignation from the Governorship, here on Sunday. Official sources confirmed to APP that Governor Magsi has dispatched his resignation to President Asif Ali Zardari. They said that Governor M
Published 03 Jun, 2013 12:00am
Governor Balochistan resigns

Governor Balochistan resigns

Governor Balochistan Nawab Zulfiqar Ali Magsi has tendered his resignation from the Governorship, here on Sunday. Official sources confirmed to APP that Governor Magsi has dispatched his resignation to President Asif Ali Zardari. They said that Governor M
Published 03 Jun, 2013 12:00am
Strong quake kills two, injures 21 in Taiwan

Strong quake kills two, injures 21 in Taiwan

A strong earthquake hit Taiwan on Sunday, leaving two dead, one missing and 21 others injured, officials said. The quake, which violently shook buildings in the capital Taipei, sent people running into the streets and was also felt in Hong Kong, more than
Published 03 Jun, 2013 12:00am
US takes Apple to trial over e-books price-fixing

US takes Apple to trial over e-books price-fixing

Apple Inc goes to trial Monday over allegations by federal and state authorities that it conspired with publishers to raise the price of e-books. The trial pits the maker of the popular iPad and iPhone against the US Justice Department in a case that test
Published 03 Jun, 2013 12:00am
BIS lays out 'simple' plan for how to handle bank failures

BIS lays out 'simple' plan for how to handle bank failures

Central bank forum the Bank for International Settlements laid out a blueprint on Sunday for how to recapitalise a major lender in the event of a failure, seeking to avoid the sort of chaotic ad hoc rescues seen since 2008's financial crash.
Published 03 Jun, 2013 12:00am
Egypt parliament ruled illegal, but to stay on

Egypt parliament ruled illegal, but to stay on

Egypt's top court ruled on Sunday that parliament's Muslim Brotherhood-led upper house was illegal but could stay on until elections, dealing the Islamists a moral blow but letting them keep their grip on lawmaking for now. The decision resolves an area o
Published 03 Jun, 2013 12:00am
Egypt parliament ruled illegal, but to stay on

Egypt parliament ruled illegal, but to stay on

Egypt's top court ruled on Sunday that parliament's Muslim Brotherhood-led upper house was illegal but could stay on until elections, dealing the Islamists a moral blow but letting them keep their grip on lawmaking for now. The decision resolves an area o
Published 03 Jun, 2013 12:00am
Futures spreads up by 470 basis points

Futures spreads up by 470 basis points

The futures spreads increased by 470 basis points during the outgoing week to 10.62 percent and the trading activities on the futures counter also witnessed positive trend as average daily volumes remained up by 31.5 percent to 29.98 million shares. Simil
Published 03 Jun, 2013 12:00am
Futures spreads up by 470 basis points

Futures spreads up by 470 basis points

The futures spreads increased by 470 basis points during the outgoing week to 10.62 percent and the trading activities on the futures counter also witnessed positive trend as average daily volumes remained up by 31.5 percent to 29.98 million shares. Simil
Published 03 Jun, 2013 12:00am
Futures spreads up by 470 basis points

Futures spreads up by 470 basis points

The futures spreads increased by 470 basis points during the outgoing week to 10.62 percent and the trading activities on the futures counter also witnessed positive trend as average daily volumes remained up by 31.5 percent to 29.98 million shares. Simil
Published 03 Jun, 2013 12:00am
Futures spreads up by 470 basis points

Futures spreads up by 470 basis points

The futures spreads increased by 470 basis points during the outgoing week to 10.62 percent and the trading activities on the futures counter also witnessed positive trend as average daily volumes remained up by 31.5 percent to 29.98 million shares. Simil
Published 03 Jun, 2013 12:00am
A bullish week

A bullish week

Mood at Karachi bourse remained bullish throughout the week, as active participation was witnessed by both local and foreign investors. The KSE-100 benchmark index gained 539.28 points after it closed at 21,823.05 against 21,283.77 a week ago. Commenting
Published 03 Jun, 2013 12:00am
A bullish week

A bullish week

Mood at Karachi bourse remained bullish throughout the week, as active participation was witnessed by both local and foreign investors. The KSE-100 benchmark index gained 539.28 points after it closed at 21,823.05 against 21,283.77 a week ago. Commenting
Published 03 Jun, 2013 12:00am
A bullish week

A bullish week

Mood at Karachi bourse remained bullish throughout the week, as active participation was witnessed by both local and foreign investors. The KSE-100 benchmark index gained 539.28 points after it closed at 21,823.05 against 21,283.77 a week ago. Commenting
Published 03 Jun, 2013 12:00am
Nawaz Sharif nominates Malik as chief minister, PkMAP man as governor

Nawaz Sharif nominates Malik as chief minister, PkMAP man as governor

Pakistan Muslim League-Nawaz (PML-N) on Sunday nominated Dr Abdul Malik Baloch of National Party (NP) as the candidate for Chief Minister of Balochistan, besides bestowing the lucrative post of governorship upon Pakhtunkhwa Milli Awami Party (PkMAP). This
Published 03 Jun, 2013 12:00am
Nawaz Sharif nominates Malik as chief minister, PkMAP man as governor

Nawaz Sharif nominates Malik as chief minister, PkMAP man as governor

Pakistan Muslim League-Nawaz (PML-N) on Sunday nominated Dr Abdul Malik Baloch of National Party (NP) as the candidate for Chief Minister of Balochistan, besides bestowing the lucrative post of governorship upon Pakhtunkhwa Milli Awami Party (PkMAP). This
Published 03 Jun, 2013 12:00am
Election Outlook-XX: Contested images

Election Outlook-XX: Contested images

Nawaz Sharif was perhaps listening inattentively but reflecting deeply when newly-elected MNAs were taking oath on the first day of inaugural session of the 14th National Assembly. He was in this house 14 years ago where he commanded an even greater major
Published 03 Jun, 2013 12:00am
Election Outlook-XX: Contested images

Election Outlook-XX: Contested images

Nawaz Sharif was perhaps listening inattentively but reflecting deeply when newly-elected MNAs were taking oath on the first day of inaugural session of the 14th National Assembly. He was in this house 14 years ago where he commanded an even greater major
Published 03 Jun, 2013 12:00am
THE RUPEE: remains range-bound

THE RUPEE: remains range-bound

The rupee fluctuated marginally against the US dollar and euro during the week ended on June 1. In the interbank market, the rupee shed two paisa against dollar, selling at 98.52 on buying counters while it dropped by three paisa on selling counters, clos
Published 03 Jun, 2013 12:00am
THE RUPEE: remains range-bound

THE RUPEE: remains range-bound

The rupee fluctuated marginally against the US dollar and euro during the week ended on June 1. In the interbank market, the rupee shed two paisa against dollar, selling at 98.52 on buying counters while it dropped by three paisa on selling counters, clos
Published 03 Jun, 2013 12:00am
The Weather

The Weather

The weather report on Sunday (June 02, 2013) and the forecast for Monday (June 03, 2013).

Published 03 Jun, 2013 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 27 to May 31, 2013).

Published 03 Jun, 2013 12:00am
Orient Energy Systems

Orient Energy Systems

New Holland is one of the largest manufacturers of the Construction Machines in the world. It's a FIAT Group company that has been in business for over 100 years, providing state-of-the-art machinery for the agriculture /construction industry. This includ
Published 03 Jun, 2013 12:00am
Ancient links for development

Ancient links for development

The co-operation between Italy and Pakistan, heading back to a technology sharing of thousands of years ago that brought Roman hydraulic works to the Indus Valley, evolved through centuries, symbolised by the Italian mountaineers in Karakorum and archaeol
Published 03 Jun, 2013 12:00am
The Yunus Brothers Group

The Yunus Brothers Group

The history of Yunus Brothers Group (YB Group) can be traced back to 1962 when the foundation of a trading house was laid. The establishment of the fabric trading business house, which turned into one of the largest conglomerates in Pakistan in a period s
Published 03 Jun, 2013 12:00am
Gadoon Textile: where customer comes first

Gadoon Textile: where customer comes first

Incorporated in 1988 by Yunus Brothers Group, one of the largest conglomerates in Pakistan, Gadoon Textile Mills' aim was to provide employment to the local natives of the Swabi District that used to rely on cultivation of poppy and opium on their lands f
Published 03 Jun, 2013 12:00am
Future of textile industry in Pakistan

Future of textile industry in Pakistan

The national day of Republic of Italy is celebrated on June 2 every year, the Republic of Italy was born on June 2, 1946. I am delighted to send best wishes to the people of Italy as you celebrate your national day this June 2. Our two countries are worki
Published 03 Jun, 2013 12:00am
Message from Italian Consul General in Karachi

Message from Italian Consul General in Karachi

I feel sincerely privileged and thrilled to have for a fourth consecutive year the honour to celebrate here in Karachi the National Day of Italy, and the opportunity to express, on behalf of the Italian Consulate and its staff, of my countrymen residing h
Published 03 Jun, 2013 12:00am
Italy-Pakistan: an ever-growing partnership

Italy-Pakistan: an ever-growing partnership

Italy and Pakistan enjoy traditionally excellent relations that recently marked a further significant leap forward. The story of Italy-Pakistan relations is a tale of mutual respect, effective co-operation and reciprocal comprehension. In such context, th
Published 03 Jun, 2013 12:00am
Message from Honorary Consul of Italy

Message from Honorary Consul of Italy

Today we celebrate the 67th anniversary of the Republic of Italy, the world's leader in design and 7th largest economy. Italy is a key player in European and global political, social and economic affairs, and an important ally of Pakistan. Ever since dipl
Published 03 Jun, 2013 12:00am
JI Shoora demands repolling in Karachi and Fata

JI Shoora demands repolling in Karachi and Fata

The central Shoora of the Jamaat-i-Islami called upon the Election Commission to nullify the polling held in Karachi, Hyderabad and Fata on May 11 because of the irrefutable evidence of rigging, and announce fresh elections there. The JI Shoora in a resol
Published 03 Jun, 2013 12:00am
Prime Minister directs restoration of polio monitoring cell

Prime Minister directs restoration of polio monitoring cell

Prime Minister former Justice Mir Hazar Khan Khoso on Sunday took notice of reports in the media regarding closure of Polio Cell at the Prime Minister's Secretariat. Reiterating his commitment to eradicate polio from the country, the Prime Minister review
Published 03 Jun, 2013 12:00am
PML-N finalises key portfolios in federal cabinet

PML-N finalises key portfolios in federal cabinet

Pakistan Muslim League-Nawaz (PML-N) leadership has reportedly finalised key portfolios in federal cabinet which is expected to be around 18 to 20 members. Sources said that the issue of the formation of next cabinet of the Prime Minister-elect Nawaz Shar
Published 03 Jun, 2013 12:00am
Commodity Review: Pakistani rice only stable player in region

Commodity Review: Pakistani rice only stable player in region

Rice: Small slippages in regional rice quotes continue to manifest as the bloating stock residing within the Asian rice producing bloc awaits absorption. The previous month has seen a decline of nearly four percent in prices of Thai varieties while
Published 03 Jun, 2013 12:00am
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