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Print - 2013-06-05
Queen Elizabeth II marks coronation 60th anniversary

Queen Elizabeth II marks coronation 60th anniversary

Queen Elizabeth II celebrated the 60th anniversary of her coronation on Tuesday by returning to Westminster Abbey for a special service, with the glittering solid gold crown and the holy oil used to anoint her taking centre stage. Some 2,200 guests includ
Published 05 Jun, 2013 12:00am
White House moves to curb 'patent trolls'

White House moves to curb 'patent trolls'

The White House moved Tuesday to crack down on companies that make money by suing other firms over patents, especially in the tech sector, rather than actually providing goods or services. These so-called patent trolls, which take other companies to court
Published 05 Jun, 2013 12:00am
White House moves to curb 'patent trolls'

White House moves to curb 'patent trolls'

The White House moved Tuesday to crack down on companies that make money by suing other firms over patents, especially in the tech sector, rather than actually providing goods or services. These so-called patent trolls, which take other companies to court
Published 05 Jun, 2013 12:00am
White House moves to curb ''patent trolls''

White House moves to curb ''patent trolls''

The White House moved Tuesday to crack down on companies that make money by suing other firms over patents, especially in the tech sector, rather than actually providing goods or services. These so-called patent trolls, which take other companies to court
Published 05 Jun, 2013 12:00am
Sea and ocean: Iran, Pakistan agree on joint research projects

Sea and ocean: Iran, Pakistan agree on joint research projects

Senior Iranian and Pakistani maritime research officials inked an agreement to cooperate in research projects at sea and ocean. The agreement signed by Managing Director of the Iranian National Institute for Oceanography (INIO) Vahid Chegini and his Pakis
Published 05 Jun, 2013 12:00am
Sea and ocean: Iran, Pakistan agree on joint research projects

Sea and ocean: Iran, Pakistan agree on joint research projects

Senior Iranian and Pakistani maritime research officials inked an agreement to cooperate in research projects at sea and ocean. The agreement signed by Managing Director of the Iranian National Institute for Oceanography (INIO) Vahid Chegini and his Pakis
Published 05 Jun, 2013 12:00am
Ashraful admits fixing, apologises

Ashraful admits fixing, apologises

Former Bangladesh cricket captain Mohammad Ashraful on Tuesday admitted match-fixing and apologised for the latest damaging scandal to hit the sport. "I should have not done this injustice to the nation. I feel guilty," he told the Independent TV channel
Published 05 Jun, 2013 12:00am
Ashraful admits fixing, apologises

Ashraful admits fixing, apologises

Former Bangladesh cricket captain Mohammad Ashraful on Tuesday admitted match-fixing and apologised for the latest damaging scandal to hit the sport. "I should have not done this injustice to the nation. I feel guilty," he told the Independent TV channel
Published 05 Jun, 2013 12:00am
Queen Elizabeth II marks coronation 60th anniversary

Queen Elizabeth II marks coronation 60th anniversary

Queen Elizabeth II celebrated the 60th anniversary of her coronation on Tuesday by returning to Westminster Abbey for a special service, with the glittering solid gold crown and the holy oil used to anoint her taking centre stage. Some 2,200 guests includ
Published 05 Jun, 2013 12:00am
Merkel pledges aid as flood surge heads for Germany

Merkel pledges aid as flood surge heads for Germany

Chancellor Angela Merkel pledged 100 million euros in emergency aid for flood-ravaged areas on Tuesday, as surging waters that have claimed at least 11 lives and forced tens of thousands of evacuations across central Europe bore down toward Germany.
Published 05 Jun, 2013 12:00am
Merkel pledges aid as flood surge heads for Germany

Merkel pledges aid as flood surge heads for Germany

Chancellor Angela Merkel pledged 100 million euros in emergency aid for flood-ravaged areas on Tuesday, as surging waters that have claimed at least 11 lives and forced tens of thousands of evacuations across central Europe bore down toward Germany.
Published 05 Jun, 2013 12:00am
Traders in dire straits: FBR begins rolling back RPOs

Traders in dire straits: FBR begins rolling back RPOs

Financial problems of business fraternity are going to be more severe as Federal Board of Revenue (FBR) has started rolling back sales tax 'Refund Pay Orders (RPOs) to meet its annual revenue budgetary target, it is learnt on Tuesday. According to sources
Published 05 Jun, 2013 12:00am
Traders in dire straits: FBR begins rolling back RPOs

Traders in dire straits: FBR begins rolling back RPOs

Financial problems of business fraternity are going to be more severe as Federal Board of Revenue (FBR) has started rolling back sales tax 'Refund Pay Orders (RPOs) to meet its annual revenue budgetary target, it is learnt on Tuesday. According to sources
Published 05 Jun, 2013 12:00am
Traders in dire straits: FBR begins rolling back RPOs

Traders in dire straits: FBR begins rolling back RPOs

Financial problems of business fraternity are going to be more severe as Federal Board of Revenue (FBR) has started rolling back sales tax ''Refund Pay Orders (RPOs) to meet its annual revenue budgetary target, it is learnt on Tuesday. According to source
Published 05 Jun, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Jun, 2013 12:00am
LSE equities register gains

LSE equities register gains

Bullish sentiments dominated on the Lahore Stock Exchange on Tuesday and the equities registered gains amid marginally decreased trading turnover. The LSE-25 index was improved by 27.91 points to close at 4778.86 against 4750.95 of Monday while transactio
Published 05 Jun, 2013 12:00am
LSE equities register gains

LSE equities register gains

Bullish sentiments dominated on the Lahore Stock Exchange on Tuesday and the equities registered gains amid marginally decreased trading turnover. The LSE-25 index was improved by 27.91 points to close at 4778.86 against 4750.95 of Monday while transactio
Published 05 Jun, 2013 12:00am
ISE equities move upward

ISE equities move upward

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 36.29 points as the ISE Ten Index move
Published 05 Jun, 2013 12:00am
ISE equities move upward

ISE equities move upward

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 36.29 points as the ISE Ten Index move
Published 05 Jun, 2013 12:00am
Article 6: Counsel asked to complete argument

Article 6: Counsel asked to complete argument

The Supreme Court on Tuesday gave one more day to a petitioner's counsel to complete his arguments while hearing identical petitions against former President and army chief Pervez Musharraf. During the course of hearing, a three-judge bench of Justice Jaw
Published 05 Jun, 2013 12:00am
Article 6: Counsel asked to complete argument

Article 6: Counsel asked to complete argument

The Supreme Court on Tuesday gave one more day to a petitioner's counsel to complete his arguments while hearing identical petitions against former President and army chief Pervez Musharraf. During the course of hearing, a three-judge bench of Justice Jaw
Published 05 Jun, 2013 12:00am
Recovery of 'missing' workers: MQM files petition in SHC

Recovery of 'missing' workers: MQM files petition in SHC

Muttahida Qaumi Movement (MQM) on Tuesday filed a petition in the Sindh High Court in the recovery of missing workers case. The petition was filed a day after the MQM leadership protested in front of the Supreme Court for the recovery of missing workers w
Published 05 Jun, 2013 12:00am
Recovery of 'missing' workers: MQM files petition in SHC

Recovery of 'missing' workers: MQM files petition in SHC

Muttahida Qaumi Movement (MQM) on Tuesday filed a petition in the Sindh High Court in the recovery of missing workers case. The petition was filed a day after the MQM leadership protested in front of the Supreme Court for the recovery of missing workers w
Published 05 Jun, 2013 12:00am
Fake degree case: JUI-F MPA jailed

Fake degree case: JUI-F MPA jailed

JUI-F's MPA from Punjab, Mir Badshah Khan Qaisrani was sentenced to two years in prison on Tuesday in a fake degree case. Qaisrani was taken into police custody from the courtroom. The court also imposed a fine of Rs 5000. The court awarded the sentence u
Published 05 Jun, 2013 12:00am
Fake degree case: JUI-F MPA jailed

Fake degree case: JUI-F MPA jailed

JUI-F's MPA from Punjab, Mir Badshah Khan Qaisrani was sentenced to two years in prison on Tuesday in a fake degree case. Qaisrani was taken into police custody from the courtroom. The court also imposed a fine of Rs 5000. The court awarded the sentence u
Published 05 Jun, 2013 12:00am
Pakistan Studies and Islamiat: no fee for students taking papers again

Pakistan Studies and Islamiat: no fee for students taking papers again

The Cambridge Examination Board is not going to charge fees afresh from students who have to retake Pakistan Studies and Islamiat papers again either in June or November this year. Examination Board has conceded that the two papers were leaked outside Pak
Published 05 Jun, 2013 12:00am
Pakistan Studies and Islamiat: no fee for students taking papers again

Pakistan Studies and Islamiat: no fee for students taking papers again

The Cambridge Examination Board is not going to charge fees afresh from students who have to retake Pakistan Studies and Islamiat papers again either in June or November this year. Examination Board has conceded that the two papers were leaked outside Pak
Published 05 Jun, 2013 12:00am
Turkey protesters defiant after government apology

Turkey protesters defiant after government apology

Turkish protesters poured back onto the streets Tuesday in defiance of their government's plea to end days of deadly unrest, the biggest challenge yet to Prime Minister Recep Tayyip Erdogan's decade-long rule. Erdogan's government won praise from the Unit
Published 05 Jun, 2013 12:00am
Turkey protesters defiant after government apology

Turkey protesters defiant after government apology

Turkish protesters poured back onto the streets Tuesday in defiance of their government's plea to end days of deadly unrest, the biggest challenge yet to Prime Minister Recep Tayyip Erdogan's decade-long rule. Erdogan's government won praise from the Unit
Published 05 Jun, 2013 12:00am
Musharraf: IHC judge recuses from hearing case

Musharraf: IHC judge recuses from hearing case

Justice Shaukat Aziz Siddiqui of Islamabad High Court (IHC) on Tuesday disassociated himself from a division bench hearing the bail petition of former president and army chief Pervez Musharraf in judges' detention case. The IHC judge said that he was bein
Published 05 Jun, 2013 12:00am
Russia charges powerful Caucasus mayor with murder

Russia charges powerful Caucasus mayor with murder

Russian authorities Tuesday charged a powerful mayor from the volatile Dagestan region with ordering an official's murder, in a case observers say points to the rising influence of the country's Investigative Committee. Said Amirov, seen as the most influ
Published 05 Jun, 2013 12:00am
Nato to set up cyber-defence rapid reaction teams

Nato to set up cyber-defence rapid reaction teams

Nato defence ministers agreed Tuesday to set up rapid reaction teams to help defend the military alliance against a growing number of cyber-attacks, many of them blamed on China. "In the progress report we have adopted today, we agreed to establish rapid
Published 05 Jun, 2013 12:00am
Solar plane lands in US Midwest after 21-hour flight

Solar plane lands in US Midwest after 21-hour flight

The Solar Impulse, a single-person solar-powered aircraft piloted by a Swiss adventurer, landed in St. Louis, Missouri early Tuesday on its transcontinental flight after more than 21 hours in the air. The organiser's ground crew rushed out on the tarmac o
Published 05 Jun, 2013 12:00am
Putin backs gay adoption ban

Putin backs gay adoption ban

Russian President Vladimir Putin said Tuesday he would give his backing to a proposed ban on the adoption of Russian children by foreign gay couples but denied there was discrimination against homosexuals in his country. "If such a law is passed by the pa
Published 05 Jun, 2013 12:00am
Bollywood actress Jiah Khan commits suicide

Bollywood actress Jiah Khan commits suicide

Bollywood actress Jiah Khan, who made her debut starring opposite acting legend Amitabh Bachchan, died in an apparent suicide at her home in the Indian city of Mumbai, police said Tuesday. The 25-year-old, who grew up in London before moving to India for
Published 05 Jun, 2013 12:00am
Several hurt in gas explosion in university in US

Several hurt in gas explosion in university in US

Several people were injured in a gas explosion Tuesday at a university in Nyack, about 50 kilometres (30 miles) north of New York, police and local media said. A South Nyack police spokesman said the blast was under investigation and that he did not have
Published 05 Jun, 2013 12:00am
Red Cross pulls some staff out after Afghan attack

Red Cross pulls some staff out after Afghan attack

The Red Cross announced Tuesday it was pulling some international staff out of Afghanistan as it investigates a deadly suicide and gun attack on its offices in the eastern city of Jalalabad. The two-hour assault last Wednesday, which left one Afghan guard
Published 05 Jun, 2013 12:00am
Hong Kong marks Tiananmen as China blocks remembrance

Hong Kong marks Tiananmen as China blocks remembrance

Tens of thousands of Hong Kongers braved thunder and torrential rain to attend a candlelight vigil Tuesday marking the 24th anniversary of China's bloody Tiananmen crackdown, as Beijing blocked commemoration attempts. A crowd packed the former British col
Published 05 Jun, 2013 12:00am
Israel razes homes in 'Palestinian-controlled' area

Israel razes homes in 'Palestinian-controlled' area

Israeli bulldozers demolished four homes on Tuesday in an area of the Jordan Valley just north of Jericho that is supposed to be under full Palestinian control, the family and the city's Palestinian governor said. The Israeli defence ministry confirmed th
Published 05 Jun, 2013 12:00am
Karachi Electric Supply Company

Karachi Electric Supply Company

The history of Karachi Electric Supply Company dates back to 1913. It generates and supplies electric power to the largest metropolis of the country, Karachi. The company is the oldest and was established even before independence. It was nationalised in 1
Published 05 Jun, 2013 12:00am
Karachi Electric Supply Company

Karachi Electric Supply Company

The history of Karachi Electric Supply Company dates back to 1913. It generates and supplies electric power to the largest metropolis of the country, Karachi. The company is the oldest and was established even before independence. It was nationalised in 1
Published 05 Jun, 2013 12:00am
LHC irked by mismanagement in power sector

LHC irked by mismanagement in power sector

The Lahore High Court Chief Justice here Tuesday expressed serious disappointment over bad administration in power sector and failure of federal government to evolve any mechanism to control theft and misuse of electricity. Hearing a petition against unan
Published 05 Jun, 2013 12:00am
Widening US trade gap offers mixed signals on economy

Widening US trade gap offers mixed signals on economy

The US trade deficit widened in April as a rise in imports offset a rebound in exports, suggesting trade could drag on growth in the second quarter even as demand holds up. The Commerce Department said on Tuesday the trade gap increased to $40.3 billion f
Published 05 Jun, 2013 12:00am
Coca-Cola opens bottle plant in Myanmar

Coca-Cola opens bottle plant in Myanmar

Coca-Cola officially began bottling its eponymous soft drink in Myanmar on Tuesday as it marked a return to the former junta-ruled country with a pledge to invest $200 million and create thousands of jobs. The US giant, one of the world's most recognisabl
Published 05 Jun, 2013 12:00am
Tackle junk food to boost world economy: UN

Tackle junk food to boost world economy: UN

The UN's food agency on Tuesday said obesity and poor nutrition weigh heavily on the global economy and told governments that investing in food health would bring big economic as well as social returns. Lost productivity and spiralling health care bills l
Published 05 Jun, 2013 12:00am
HSBC sued by New York over foreclosure abuses

HSBC sued by New York over foreclosure abuses

New York state sued HSBC Holdings Plc for ignoring a law designed to protect struggling homeowners from being thrown into foreclosure without getting a chance to renegotiate their mortgages. The lawsuit filed by Attorney General Eric Schneiderman accuses
Published 05 Jun, 2013 12:00am
Troubled Italian steel mill goes into administration

Troubled Italian steel mill goes into administration

Italy's government on Tuesday placed a troubled steel mill temporarily into administration amid a long-running legal dispute over toxic pollution in a move that was immediately criticised by the main industry association as a dangerous precedent.
Published 05 Jun, 2013 12:00am
India approves conciliation to end Vodafone tax fight

India approves conciliation to end Vodafone tax fight

India on Tuesday approved moves to seek an out-of-court settlement with Vodafone to resolve a multi-billion-dollar tax dispute with the British mobile giant. The government has been pursuing Vodafone over what it says are unpaid taxes stemming from its 20
Published 05 Jun, 2013 12:00am
India approves conciliation to end Vodafone tax fight

India approves conciliation to end Vodafone tax fight

India on Tuesday approved moves to seek an out-of-court settlement with Vodafone to resolve a multi-billion-dollar tax dispute with the British mobile giant. The government has been pursuing Vodafone over what it says are unpaid taxes stemming from its 20
Published 05 Jun, 2013 12:00am
IMF urges France to push forward reforms, cuts forecasts

IMF urges France to push forward reforms, cuts forecasts

The International Monetary Fund said Tuesday that France must keep up momentum on the reforms launched by the government a year ago to remove obstacles preventing the country to jumpstart growth and create badly-needed jobs. Once again, the Washington-bas
Published 05 Jun, 2013 12:00am
IMF urges France to push forward reforms, cuts forecasts

IMF urges France to push forward reforms, cuts forecasts

The International Monetary Fund said Tuesday that France must keep up momentum on the reforms launched by the government a year ago to remove obstacles preventing the country to jumpstart growth and create badly-needed jobs. Once again, the Washington-bas
Published 05 Jun, 2013 12:00am
US facing self-inflicted wound on economy, says Largarde

US facing self-inflicted wound on economy, says Largarde

The US economy would be faring much better were it not for the "self-inflicted" wound of tighter fiscal policy, the head of the International Monetary Fund said on Tuesday. "The US is not doing as well as it could be, because of self-inflicted fiscal woun
Published 05 Jun, 2013 12:00am
US facing self-inflicted wound on economy, says Largarde

US facing self-inflicted wound on economy, says Largarde

The US economy would be faring much better were it not for the "self-inflicted" wound of tighter fiscal policy, the head of the International Monetary Fund said on Tuesday. "The US is not doing as well as it could be, because of self-inflicted fiscal woun
Published 05 Jun, 2013 12:00am
UK data paints brighter economic picture, worries persist

UK data paints brighter economic picture, worries persist

Britain's construction sector returned to growth and retail sales rebounded in May, data on Tuesday showed, offering fresh evidence that the economy is clawing its way to recovery. After stronger-than-expected manufacturing numbers on Monday, the reports
Published 05 Jun, 2013 12:00am
Eurozone factory prices near four-year low

Eurozone factory prices near four-year low

Eurozone producer prices fell further in April on a sharp decline in energy costs, marking the biggest month-on-month decrease since July 2009, figures released on Tuesday showed. Prices at factory gates in the 17 countries using the euro declined by 0.6
Published 05 Jun, 2013 12:00am
Intel introduces fourth generation processors

Intel introduces fourth generation processors

Intel Corp unveiled its fourth generation processors in Taipei on Tuesday in a bid to give personal computers a new lease of life amid stiff competition from smartphones and tablets. The US chip giant said the new processors - introduced at Computex, Asia
Published 05 Jun, 2013 12:00am
IBM buys 'cloud' computing company SoftLayer

IBM buys 'cloud' computing company SoftLayer

IBM on Tuesday announced a deal to buy SoftLayer Technologies in a move aimed at ramping up its ability to offer businesses and governments computing services hosted in the Internet 'cloud.' "With SoftLayer, IBM will accelerate the build-out of our public
Published 05 Jun, 2013 12:00am
Tsonga stuns Federer

Tsonga stuns Federer

Jo-Wilfried Tsonga sent Roger Federer crashing out of the French Open quarter-finals Tuesday to take a step closer to ending France's 30-year wait for a men's champion at Roland Garros. Sixth-seed Tsonga swept to a 7-5, 6-3, 6-3 triumph to reach his first
Published 05 Jun, 2013 12:00am
PFF official elected FIFA body member

PFF official elected FIFA body member

An official of Pakistan Football Federation (PFF) Syed Nayyar Hasnain has been elected as member of FIFA Disciplinary Committee at recently concluded 63rd FIFA Congress at Mauritius. FIFA elected Syed Nayyar Hasnain as a member of FIFA Disciplinary Commit
Published 05 Jun, 2013 12:00am
Bolt ready to kickstart Euro season in Rome

Bolt ready to kickstart Euro season in Rome

Six-time Olympic champion Usain Bolt said he is ready to put his injury woes behind him when he lines up at the Rome Golden Gala for his first appearance of the year in Europe on Thursday. Bolt's start to the season has been hampered by hamstring problems
Published 05 Jun, 2013 12:00am
Ferrer reaches semis

Ferrer reaches semis

Spanish fourth seed David Ferrer reached the French Open semi-finals for the second successive year on Tuesday with a 6-2, 6-1, 6-1 win over compatriot Tommy Robredo. Ferrer will face Jo-Wilfried Tsonga for a place in Sunday's final. Ferrer won in just 1h
Published 05 Jun, 2013 12:00am
Serena survives scare to reach semis

Serena survives scare to reach semis

World number one Serena Williams survived a huge scare to reach her first French Open semi-final since 2003 on Tuesday, defeating unseeded Russian Svetlaana Kuznetsova, 6-1, 3-6, 6-3 Williams, bidding to win just her second title in Paris, 11 years after
Published 05 Jun, 2013 12:00am
Perez denies Ronaldo contract rejection

Perez denies Ronaldo contract rejection

Real Madrid president Florentino Perez has denied reports that star striker Cristiano Ronaldo has rejected a new contract from the Spanish club. Madrid sports daily AS claimed that talks over a new deal for the Portuguese star were "deadlocked". But with
Published 05 Jun, 2013 12:00am
Meiyappan, Vindu Dara bailed

Meiyappan, Vindu Dara bailed

A court granted bail Tuesday to the son-in-law of India's cricket chief and a Bollywood actor who were arrested last month over an illegal betting scandal. Gurunath Meiyappan and Vindu Dara Singh Randhawa had both been remanded in custody until June 14, b
Published 05 Jun, 2013 12:00am
Hissam shines as Royal Windsor Polo Cup begins

Hissam shines as Royal Windsor Polo Cup begins

Hissam Hyder, Pakistan's leading polo player, got off to a flying start in the Royal Windsor Cup 2013, as Team Shalimar beat Team Emlor S 8 - 7 in the opening match of the competition. Hissam scored 5 goals in the closely contested game and will now play
Published 05 Jun, 2013 12:00am
India thrash Australia in Champions Trophy warm-up

India thrash Australia in Champions Trophy warm-up

India hammered Australia by 243 runs in a Champions Trophy warm-up match after skittling out the defending champions for just 65 in Cardiff on Tuesday. Umesh Yadav did the bulk of the damage, taking the first five wickets to fall in a stunning return of f
Published 05 Jun, 2013 12:00am
Gower hits out at Australia

Gower hits out at Australia

Former England captain David Gower wound up the tension ahead of the forthcoming Ashes by labelling Australia as a country with no culture, accusing their cricketers of an "animal mentality" and warning of "feral" crowds Down Under. Gower's remarks came a
Published 05 Jun, 2013 12:00am
Honda fires Japan into World Cup

Honda fires Japan into World Cup

Keisuke Honda fired Japan into the 2014 World Cup Tuesday with a dramatic injury-time penalty which salvaged a 1-1 draw with Australia and made them the first team to qualify alongside hosts Brazil. Tommy Oar's fortuitous late strike had looked set to con
Published 05 Jun, 2013 12:00am
Sterling cedes ground

Sterling cedes ground

Sterling fell on Tuesday, taking a breather from its biggest one day rise in six weeks against the dollar a day earlier, with traders awaiting for more evidence of a durable UK recovery to make large bets in favour of it. Britain's construction sector ret
Published 05 Jun, 2013 12:00am
Yuan slightly up

Yuan slightly up

China's yuan closed up slightly on Tuesday, ignoring a record high midpoint setting by the central bank as traders said a cautious mood was returning to the market after a long rally. The central bank set the official midpoint up 0.11 percent at 6.1735 on
Published 05 Jun, 2013 12:00am
Emerging Asian currencies rise

Emerging Asian currencies rise

Emerging Asian currencies rose on Tuesday as fears that the US Federal Reserve would wind down its stimulus eased after the world's largest economy reported a contraction in factory activity in May. Still, investors were cautious ahead of US jobs data on
Published 05 Jun, 2013 12:00am
Swiss franc slips

Swiss franc slips

The Swiss franc inched lower against the dollar on Tuesday, with the greenback recovering from the previous session's weakness triggered by disappointing macroeconomic data. The franc fell 0.2 percent against the dollar to trade at 0.9485 by 0614 GMT comp
Published 05 Jun, 2013 12:00am
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