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Print - 2013-06-07
Outrage, anger on the streets of Athens

Outrage, anger on the streets of Athens

Greeks reacted with an air of vindication and outrage at the International Monetary Fund's admission it erred in its handling of the country's bailout, berating an apology that comes too late to salvage an economy and countless lives in ruins. Anger was p
Published 07 Jun, 2013 12:00am
Outrage, anger on the streets of Athens

Outrage, anger on the streets of Athens

Greeks reacted with an air of vindication and outrage at the International Monetary Fund's admission it erred in its handling of the country's bailout, berating an apology that comes too late to salvage an economy and countless lives in ruins. Anger was p
Published 07 Jun, 2013 12:00am
French jobless rate hits 14-year high

French jobless rate hits 14-year high

France's unemployment rate hit a 14-year high in the first quarter of 2013, casting fresh doubt on President Francois Hollande's goal of reversing the rising jobless trend by year-end. The jobless rate of 10.8 percent, published by the INSEE statistics ag
Published 07 Jun, 2013 12:00am
EU's Libor supervision plan seen as 'intrusive'

EU's Libor supervision plan seen as 'intrusive'

European Union plans to wrest from London the supervision of Libor and other benchmarks, such as those covering oil and commodities, are "intrusive" and likely to be changed, a top EU lawmaker said on Thursday. The bloc's financial services chief Michel B
Published 07 Jun, 2013 12:00am
Marks & Spencer CEO's pay package falls one third

Marks & Spencer CEO's pay package falls one third

The chief executive of Britain's largest clothing retailer Marks & Spencer saw his overall remuneration package fall by a third in 2012-13, a year when the firm posted its lowest annual profit since 2009. Marc Bolland, who has been chief executive since 2
Published 07 Jun, 2013 12:00am
Marks & Spencer CEO's pay package falls one third

Marks & Spencer CEO's pay package falls one third

The chief executive of Britain's largest clothing retailer Marks & Spencer saw his overall remuneration package fall by a third in 2012-13, a year when the firm posted its lowest annual profit since 2009. Marc Bolland, who has been chief executive since 2
Published 07 Jun, 2013 12:00am
Nestle, Mars accused in Canada of chocolate price-fixing

Nestle, Mars accused in Canada of chocolate price-fixing

Authorities on Thursday charged Nestle, Mars and a network of independent wholesale distributors in an alleged criminal conspiracy to fix prices of chocolates in Canada. An investigation prompted by a whistleblower's tips uncovered "evidence suggesting th
Published 07 Jun, 2013 12:00am
Iran snaps up 600,000 tonnes of wheat

Iran snaps up 600,000 tonnes of wheat

Iran's state grains buyer GTC swept back into international markets, picking up more than half a million tonnes of European origin wheat as expectations for its domestic crop were pared back, dealers said on Thursday. While precise payment details - inclu
Published 07 Jun, 2013 12:00am
UK watchdog bans Eurotunnel ferries from Dover

UK watchdog bans Eurotunnel ferries from Dover

Britain's competition watchdog has barred France's Groupe Eurotunnel from docking its ferries at Dover for at least two years due to concerns its purchase of three ferries would allow it to dominate over half of the market. The channel tunnel operator bra
Published 07 Jun, 2013 12:00am
Bangladesh unveils $28 billion pre-poll budget

Bangladesh unveils $28 billion pre-poll budget

Bangladesh unveiled a $28 billion budget on Thursday, with a series of populist tax and spending measures designed to woo voters before general elections due this year. The 2.225-trillion-taka plan for the year beginning on July 1 forecasts a 17.5 percent
Published 07 Jun, 2013 12:00am
Bank of England holds rates as King bows out

Bank of England holds rates as King bows out

The Bank of England voted Thursday to keep its main interest rate at 0.50 percent, where it has stood for more than four years under the guidance of departing Governor Mervyn King. Also at King's last meeting, the central bank decided against creating mor
Published 07 Jun, 2013 12:00am
Household wealth increases by $3 trillion

Household wealth increases by $3 trillion

Rising prices for stocks and homes pushed the net wealth of US households to a record high in the first quarter, providing a hopeful sign for future consumer spending. Net financial wealth grew $3 trillion to $70.3 trillion, the Federal Reserve said on Th
Published 07 Jun, 2013 12:00am
US jobless claims fall, labour market gradually improving

US jobless claims fall, labour market gradually improving

The number of Americans filing new claims for unemployment benefits fell last week, pointing to moderate job growth despite slowing economic activity. Initial claims for state unemployment benefits declined 11,000 to a seasonally adjusted 346,000, the Lab
Published 07 Jun, 2013 12:00am
Aung San Suu Kyi says she wants to run for president

Aung San Suu Kyi says she wants to run for president

Myanmar opposition leader Aung San Suu Kyi on Thursday declared her intention to run for president, calling for all of the country's people to share the fruits of its dramatic reforms. Addressing the World Economic Forum (WEF) on East Asia in the capital
Published 07 Jun, 2013 12:00am
Microsoft, FBI take aim at global cyber crime ring

Microsoft, FBI take aim at global cyber crime ring

Microsoft Corp and the FBI, aided by authorities in more than 80 countries, have launched a major assault on one of the world's biggest cyber crime rings, believed to have stolen more than $500 million from bank accounts over the past 18 months. Microsoft
Published 07 Jun, 2013 12:00am
Microsoft, FBI take aim at global cyber crime ring

Microsoft, FBI take aim at global cyber crime ring

Microsoft Corp and the FBI, aided by authorities in more than 80 countries, have launched a major assault on one of the world's biggest cyber crime rings, believed to have stolen more than $500 million from bank accounts over the past 18 months. Microsoft
Published 07 Jun, 2013 12:00am
Turkish Prime Minister accuses protesters of 'burn and destroy' tactics

Turkish Prime Minister accuses protesters of 'burn and destroy' tactics

Turkish Prime Minister Tayyip Erdogan condemned the "burn and destroy" tactics of some of those involved in days of violent protests on Thursday, and promised to press ahead with plans for an Istanbul park which triggered the unrest. Speaking on a visit t
Published 07 Jun, 2013 12:00am
CIA chief spilled secret details to filmmakers

CIA chief spilled secret details to filmmakers

A Pentagon investigation has found ex-CIA director Leon Panetta spilled some secret details to a Hollywood screenwriter behind the film "Zero Dark Thirty," a watchdog group reported Wednesday. The findings of the Pentagon's inspector general are contained
Published 07 Jun, 2013 12:00am
Syrian army fights off rebels at Israeli crossing

Syrian army fights off rebels at Israeli crossing

Syrian forces loyal to President Bashar al-Assad fought off an attempt by rebels to seize the sole crossing between Syria and Israel on Thursday, while army troops sought to ram home strategic gains further to the north. A day after losing control of Qusa
Published 07 Jun, 2013 12:00am
Obama administration defends phone record collection

Obama administration defends phone record collection

The Obama administration on Thursday acknowledged that it is collecting a massive amount of telephone records from at least one carrier, reopening the debate over privacy even as it defended the practice as necessary to protect Americans against attack.
Published 07 Jun, 2013 12:00am
Web 'blackout' in Singapore to protest new online rules

Web 'blackout' in Singapore to protest new online rules

Over 130 Singaporean bloggers blacked out their homepages Thursday to protest new licensing rules for news websites they say will muzzle freedom of expression. The 134 participants, including individual bloggers and community-based blogs, replaced their h
Published 07 Jun, 2013 12:00am
South Korea's top nuclear plant operator sacked

South Korea's top nuclear plant operator sacked

South Korea on Thursday fired the head of the state-run company that oversees the country's 23 nuclear reactors over a forged documentation scandal that has shut a host of those reactors down. Korea Hydro and Nuclear Power president Kim Kyun-Seop was dism
Published 07 Jun, 2013 12:00am
North, South Korea agree to official talks

North, South Korea agree to official talks

North and South Korea agreed in principle Thursday to hold their first official talks for years, a move which follows months of escalated military tensions and comes one day before a US-China summit. A surprise offer from Pyongyang proposed discussions on
Published 07 Jun, 2013 12:00am
Britain to resume sending Afghan detainees to local authorities

Britain to resume sending Afghan detainees to local authorities

A British programme to transfer detainees captured in Afghanistan to local officials is to be restarted now that Britain has found a "safe" method of doing so, the Ministry of Defence in London said Thursday Britain stopped transfers in November, due to f
Published 07 Jun, 2013 12:00am
New Palestinian government sworn in

New Palestinian government sworn in

A new Palestinian government, headed by prime minister Rami Hamdallah, was sworn in on Thursday in front of president Mahmud Abbas at his headquarters in Ramallah, an AFP correspondent said. The 24-member cabinet included some changes, notably the appoint
Published 07 Jun, 2013 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded October copper contract on the Shanghai Futures Exchange dropped by 0.77 percent to close at 52,900 yuan ($8,600) a tonne. "We are looking for disappointment on the jobs figures but that doesn't mean we should expect to see weakness in met
Published 07 Jun, 2013 12:00am
Copper slides two percent

Copper slides two percent

Copper slid as much as 2 percent on Thursday from a two-week high hit the previous session, as comments from a Federal Reserve official raised investor fears that the US central back might roll back its stimulus programme soon. A weak dollar, however, hel
Published 07 Jun, 2013 12:00am
Oil up on Buzzard shutdown

Oil up on Buzzard shutdown

Oil prices rose on Thursday as Britain's largest oilfield was shut down for the second time in less than a week, and as a major US refinery prepared to re-start this month. US crude's discount to international benchmark North Sea Brent also narrowed after
Published 07 Jun, 2013 12:00am
Demand upturn, tight supplies may lift cotton prices

Demand upturn, tight supplies may lift cotton prices

A pick-up in global cotton consumption and tighter global stocks outside China means lower-than-expected production in the United States could easily revive prices, the head of Allenberg Cotton, the world's largest cotton merchant, said on Thursday. Tight
Published 07 Jun, 2013 12:00am
Tokyo rubber tumbles

Tokyo rubber tumbles

Tokyo rubber futures tumbled nearly 4 percent to a 1-1/2 month low on Thursday, tracking falling share prices and weaker Shanghai rubber futures, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for November delivery fell 9.3 ye
Published 07 Jun, 2013 12:00am
US MIDDAY: corn, soya surge

US MIDDAY: corn, soya surge

Front-month corn and soyabean futures rose on Wednesday on concerns that supplies will dwindle before the next harvest, while deferred contracts sank. Inventories of crops left over from last year's drought-reduced harvest are scarce ahead of the autumn h
Published 07 Jun, 2013 12:00am
Palm oil rises

Palm oil rises

Malaysian palm oil futures rose to the highest in more than two months on Thursday, buoyed by optimism that stocks of the tropical oil in the world's second largest producer could have dropped in May. A Reuters survey on Wednesday showed that end-stocks i
Published 07 Jun, 2013 12:00am
US MIDDAY: sugar, coffee up

US MIDDAY: sugar, coffee up

ICE sugar and arabica coffee futures rose on Thursday in heavy trading on support from a weaker US dollar, with gains off recent three-year lows capped by expectations of ample supplies from top producer Brazil. ICE cocoa futures posted a fourth straight
Published 07 Jun, 2013 12:00am
Gold gains in New York

Gold gains in New York

Gold prices held onto gains in late Wednesday trade as investors sought safer assets after a private US jobs reading fell short of expectations. The sluggish hiring pace by US firms in May curbed speculation that the Federal Reserve may begin to taper its
Published 07 Jun, 2013 12:00am
Gold falls in Asia

Gold falls in Asia

Gold fell on Thursday as India's move to hike its import duty on the metal for the second time this year raised concerns about demand in the world's biggest bullion consumer. Spot gold fell 0.5 percent to $1,396.36 by 0656 GMT. It had gained slightly on W
Published 07 Jun, 2013 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold steadied around $1,400 an ounce on Thursday, after data showed the US labour market is gradually improving, while the European Central Bank left interest rates unchanged, as expected. Investors were reluctant to take big positions ahead of key non-fa
Published 07 Jun, 2013 12:00am
US MIDDAY: soya trims losses

US MIDDAY: soya trims losses

US soyabean futures trimmed losses on Thursday amid concerns that a return of wet weather could extend planting delays. Rain has slowed planting of soyabeans and corn this spring, fuelling worries that farmers may not sow as many acres as they originally
Published 07 Jun, 2013 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

Gold rose around 1 percent on Thursday, as the dollar's sharp drop and worries about an oversold equities market prompted investors to add positions in the safe-haven metal ahead of Friday's all-important nonfarm payrolls report. After trading mostly flat
Published 07 Jun, 2013 12:00am
ICT to launch crackdown on unauthorised CNG kits, substandard cylinders

ICT to launch crackdown on unauthorised CNG kits, substandard cylinders

The Islamabad Capital Territory (ICT) on Thursday warned transporters that they would start impounding all vehicles having unauthorised CNG kits, substandard cylinders and using more CNG cylinders than the number of cylinders approved by Ogra in a couple
Published 07 Jun, 2013 12:00am
Compensation package sought for Imamia Colony blast victims

Compensation package sought for Imamia Colony blast victims

Describing the terrorists attack on Imamia colony as security lapse, the members of Shia community have asked to take perpetrators to task, demanding of the government to announce a special compensation package for victims' families of the bomb blast and
Published 07 Jun, 2013 12:00am
SECP issues orders to various firms, individuals for violation

SECP issues orders to various firms, individuals for violation

Continuing its efforts for the development of transparent and efficient stock market, the SECP has adopted a vigorous approach to ensure investors' protection and strengthen enforcement procedures. The SECP's Securities Market Division has been practicing
Published 07 Jun, 2013 12:00am
PSO receivables exceed Rs 156 billion mark

PSO receivables exceed Rs 156 billion mark

Pakistan State Oil (PSO) receivables against different clients have reached Rs 156.4 billion mark, it is learnt. According to reliable sources, the national fuel utility payables have also reached Rs 119.14 billion mark, adding that PSO has to retire over
Published 07 Jun, 2013 12:00am
30 Malay exhibitors to participate in Expo Pakistan

30 Malay exhibitors to participate in Expo Pakistan

Noraslan Hadi Abdul Kadir, Consul Trade, the Consulate General of Malaysia Trade Section (Matrade) has met with Trade Development Authority of Pakistan (TDAP) Secretary and discussed participation of Malaysian exhibitors and buyers on upcoming Expo Pakist
Published 07 Jun, 2013 12:00am
Zardari lauds mountaineer on her historic achievement

Zardari lauds mountaineer on her historic achievement

President Asif Ali Zardari on Thursday said that the whole nation was proud of a young lady mountaineer Ms Samina Baig for her historic achievement to summit the world's highest Mount Everest and also for introducing Pakistani women as a symbol of talent
Published 07 Jun, 2013 12:00am
PTI planning to launch mega hydel projects in Khyber Pakhtunkhwa

PTI planning to launch mega hydel projects in Khyber Pakhtunkhwa

Speaker, Khyber Pakhtunkhwa Assembly, Asad Qaiser on Thursday said the PTI government had started implementing its energy policy and planning to initiate mega hydropower projects with capacity of producing 20,000MW electricity in next 10 years.
Published 07 Jun, 2013 12:00am
Three alleged militants, two women killed in Quetta

Three alleged militants, two women killed in Quetta

At least three Taliban militants and two women were killed during a pre-dawn raid on a house by security forces here on Thursday, officials aid. Security forces surrounded a house on a tipoff that members of Tehrik-e-Taliban Pakistan (TTP) were living in
Published 07 Jun, 2013 12:00am
Live animals from US: Pakistan likely to lift ban on import

Live animals from US: Pakistan likely to lift ban on import

Pakistan is likely to lift ban on import of live animals from the United States of America (USA) after four years, as the World Organisation of Animal Health (OIE) has recognised the risk of mad cow disease as negligible, well informed sources told Bus
Published 07 Jun, 2013 12:00am
South Korean Ambassador calls on chief minister Sindh

South Korean Ambassador calls on chief minister Sindh

The Ambassador of Republic of Korea Choong Joo Choi calls on the Chief Minister Sindh Syed Qaim Ali Shah here at CM house, and congratulated him on taking the charge as the Chief Minister Sindh for the third time. Both the dignitaries discussed the matter
Published 07 Jun, 2013 12:00am
PJBF praises efforts of Japanese Prime Minister for improving economy

PJBF praises efforts of Japanese Prime Minister for improving economy

The Chairman of Pakistan Japan Business Forum (PJBF), Sohail P Ahmed and the Board of Directors of PJBF, during their board meeting, recognised the improvement in the economy of Japan in recent months due to steps taken by Japanese Prime Minister, Shinzo
Published 07 Jun, 2013 12:00am
Another patient lost life due to strike

Another patient lost life due to strike

Another patient lost his life due to the ongoing strike by doctors in Karachi's Jinnah Postgraduate Medical Center (JPMC). The doctors have threatened to shut down hospital's emergency ward as well if their demands were not met. The latest casualty took p
Published 07 Jun, 2013 12:00am
High incidence of COPD in Pakistan: study

High incidence of COPD in Pakistan: study

More than 13 million people in the Middle East and Africa suffer from chronic obstructive pulmonary disease (COPD) and its prevalence in Pakistan is as high as 2.1 percent in population aged 40 years and above, an eminent researcher said on Thursday.
Published 07 Jun, 2013 12:00am
12 children selected for 'My Bright Smile' Global Art Contest

12 children selected for 'My Bright Smile' Global Art Contest

For 13 years, Colgate Palmolive's "My Bright Smile" Global Art Contest has given children across the globe a platform to express their creativity and showcase their artistic talents. The contest is held under the umbrella of Colgate's Oral Health Educatio
Published 07 Jun, 2013 12:00am
SSGC deploys Oracle WebLogic Server

SSGC deploys Oracle WebLogic Server

Sui Southern Gas Company (SSGC), Pakistan's leading integrated gas company, has successfully deployed Oracle WebLogic Server as its application server platform for its Oracle-based financial and customer care and billing applications. SSGC transmits and d
Published 07 Jun, 2013 12:00am
Our companies facing tax-related issues: South Korean envoy

Our companies facing tax-related issues: South Korean envoy

Ambassador of Korea Choong-joo Choi on Thursday expressed concern over tax-related issues being faced by Korean companies in Pakistan. Speaking at a meeting with Chairman of Sindh Board of Revenue (SBI) Zubair Motiwala at his office, he said: "If Pakistan
Published 07 Jun, 2013 12:00am
Etihad increases flights from Islamabad

Etihad increases flights from Islamabad

Etihad Airways, the national airline of the United Arab Emirates, will increase frequencies on services to Amman, Cairo, Islamabad and Muscat from June 15, 2013. Pakistan's capital city, Islamabad, will see flights increase from seven to nine per week, en
Published 07 Jun, 2013 12:00am
Joint counter terrorism exercise held

Joint counter terrorism exercise held

In continuation of the Joint Counter Terrorism exercises, another Mock Anti Terror exercise was held at DHA here on Thursday. According to Inter Services Public Relations (ISPR), troops from army, Pakistan Rangers (Sindh), DHA Vigilance Security, particip
Published 07 Jun, 2013 12:00am
Forum on 'corporate Pakistan leadership in green economy' held

Forum on 'corporate Pakistan leadership in green economy' held

ACCA-WWF Pakistan hosted the Green Economy Forum 2013 on Wednesday in Islamabad. The event attracted 150 participants including some CEOs, CFOs, ACCA members and other professionals from corporate, public sector and practice, NGOs and media persons.
Published 07 Jun, 2013 12:00am
Woman killed by gunfire celebrating appointment

Woman killed by gunfire celebrating appointment

A Pakistani woman died on Thursday after being hit by stray bullets fired by supporters celebrating the appointment of Prime Minister Nawaz Sharif, police said. Around 100 activists from the Pakistan Muslim League-N took to the streets of Thul, a remote t
Published 07 Jun, 2013 12:00am
Awareness session on 'Revised Code of Corporate Governance' on June 11

Awareness session on 'Revised Code of Corporate Governance' on June 11

The awareness session on Revised Code of Corporate Governance is scheduled for June 11, 2013 from 2.00 pm to 5 pm at ICAP Karachi. Imtiaz Haider, Commissioner SECP will be the chief guest and Ahmed Saeed, President, ICAP, Abdul Rahim Suriya, Chairman CPD,
Published 07 Jun, 2013 12:00am
Import of hybrid cars on zero-rated duty criticised

Import of hybrid cars on zero-rated duty criticised

The new government has been urged not to repeat past mistakes by allowing import of hybrid cars on zero duty rate as the scheme will only benefit a few and have a devastating impact on national exchequer. Criticising the advice to the Federal Government t
Published 07 Jun, 2013 12:00am
Khyber Pakhtunkhwa government fails to finalise provincial cabinet

Khyber Pakhtunkhwa government fails to finalise provincial cabinet

Despite several rounds of talks, the coalition partners in Khyber Pakhtunkhwa government have failed to finalise distribution of portfolios. "Internal rift in Pakistan Tehreek-e-Insaf over the distribution of portfolios is also a cause of delay in formati
Published 07 Jun, 2013 12:00am
Upcoming budget: PTI to focus on education, health sectors

Upcoming budget: PTI to focus on education, health sectors

Pakistan Tehrik-e-Insaf (PTI)-led coalition government in terrorism-hit Khyber Pakhtunkhwa has prioritised two major sectors - education and health -as its prime focus in the upcoming budget to provide quality and uniform education to all and improve heal
Published 07 Jun, 2013 12:00am
Unprocessed, unpacked food: sales tax exemption to continue in budget

Unprocessed, unpacked food: sales tax exemption to continue in budget

The unprocessed and unpacked food stuff would remain exempt from sales tax in budget (2013-14) under Sixth Schedule of the Sales Tax Act, 1990. Sources told Business Recorder on Thursday that the zero-rating on local supplies of non-export oriented
Published 07 Jun, 2013 12:00am
Unprocessed, unpacked food: sales tax exemption to continue in budget

Unprocessed, unpacked food: sales tax exemption to continue in budget

The unprocessed and unpacked food stuff would remain exempt from sales tax in budget (2013-14) under Sixth Schedule of the Sales Tax Act, 1990. Sources told Business Recorder on Thursday that the zero-rating on local supplies of non-export oriented
Published 07 Jun, 2013 12:00am
Unprocessed, unpacked food: sales tax exemption to continue in budget

Unprocessed, unpacked food: sales tax exemption to continue in budget

The unprocessed and unpacked food stuff would remain exempt from sales tax in budget (2013-14) under Sixth Schedule of the Sales Tax Act, 1990. Sources told Business Recorder on Thursday that the zero-rating on local supplies of non-export oriented
Published 07 Jun, 2013 12:00am
Relief agencies register 51,582 Kurram IDPs

Relief agencies register 51,582 Kurram IDPs

Humanitarian partners have registered 51,582 of the 60,000 people estimated to have been displaced from central Kurram Agency, Federally Administered Tribal Areas (Fata), since mid-May due to ongoing security operations against non-state armed actors.
Published 07 Jun, 2013 12:00am
Supreme Court reserves judgement

Supreme Court reserves judgement

The Supreme Court on Thursday reserved its judgement on a petition of Khawaja Muhammad Asif of PML-N who had challenged transfers/postings and shuffling of high officials by the caretaker government. Hearing the matter, a three-judge bench of Chief Justic
Published 07 Jun, 2013 12:00am
'Global agriculture production expected to grow 1.5 percent a year'

'Global agriculture production expected to grow 1.5 percent a year'

Global agricultural production is expected to grow 1.5 percent a year on average over the coming decade, compared with annual growth of 2.1 percent between 2003 and 2012, according to a new report published by the Organisation for Economic Co-operation an
Published 07 Jun, 2013 12:00am
Situation in Balochistan will turn around for better, PESA hopes

Situation in Balochistan will turn around for better, PESA hopes

The Pakistan Ex-servicemen Association (PESA) feels that the situation in Balochistan will turn around for the better and the new government will take steps to infuse hope in the nation, PESA General Secretary Syed Masoodul Hassan told Business Recorde
Published 07 Jun, 2013 12:00am
Five soldiers killed in road accident

Five soldiers killed in road accident

Five army jawans lost their lives when a speedy oil tanker hit their vehicle near Shershah bypass during wee hours of Thursday. According to Muzaffarabad police sources, a rashly driven oil tanker (PUA-294) smashed into an army vehicle from rear side. Thr
Published 07 Jun, 2013 12:00am
Telenor inaugurates energy-efficient call centre in Lahore

Telenor inaugurates energy-efficient call centre in Lahore

In line with the global Go-Green initiative, Telenor Pakistan has recently inaugurated its energy-efficient Green Field Call Centre in Lahore. The premises encompass state-of-the-art technology, high international security standards and safe working condi
Published 07 Jun, 2013 12:00am
ABL Faisalabad launches first solar powered branch

ABL Faisalabad launches first solar powered branch

Allied Bank Limited (ABL) inaugurated its first ever totally solar powered branch at Jhang Road, Faisalabad on Thursday. This is the first such branch by any bank in Pakistan and demonstrates Allied Bank's commitment towards keeping environment healthy an
Published 07 Jun, 2013 12:00am
Loadshedding plan presented to Prime Minister

Loadshedding plan presented to Prime Minister

A plan of gradual reduction in loadshedding was presented to the newly-elected Prime Minister Nawaz Sharif in his first-ever official engagement after taking oath here on Thursday. Prime Minister Nawaz chaired an energy moot and expressed his firm resolve
Published 07 Jun, 2013 12:00am
44 recovered from private jail

44 recovered from private jail

Following the court's order, police raided at private jail of a landlord, situated at Nayaabad area of the city, and recovered 44 detainees on Thursday. The detainees included 22 children, eight women and twelve men who were forced to do bonded labour at
Published 07 Jun, 2013 12:00am
'Career Counselling' seminar organised

'Career Counselling' seminar organised

A seminar titled "Career Counselling" was arranged by College of Pharmacy, GC University Faisalabad at Hashmat Hall on Thursday that was presided over by GCUF Vice Chancellor Professor Dr Zakir Hussain. The speakers at the seminar called for bringing the
Published 07 Jun, 2013 12:00am
Traders protest against extortion

Traders protest against extortion

Electronics and mobile phone traders in Lahore held demonstration on Thursday to draw attention to the increasing number of extortion calls received by them. Most of the shops remained closed in protest. The traders claimed that they have been threatened
Published 07 Jun, 2013 12:00am
Jamaat-i-Islami suggests eight-point roadmap for budget

Jamaat-i-Islami suggests eight-point roadmap for budget

Elimination of the interest based economic system, overcoming the energy crisis and promotion of industry, eradication of corruption, a drastic cut on excessive government spending, 30 percent growth in agriculture produce, promotion of tax culture, incre
Published 07 Jun, 2013 12:00am
Jamaat-i-Islami suggests eight-point roadmap for budget

Jamaat-i-Islami suggests eight-point roadmap for budget

Elimination of the interest based economic system, overcoming the energy crisis and promotion of industry, eradication of corruption, a drastic cut on excessive government spending, 30 percent growth in agriculture produce, promotion of tax culture, incre
Published 07 Jun, 2013 12:00am
Khushhalibank Funds Women seminar held

Khushhalibank Funds Women seminar held

The South Punjab Women Chamber of Commerce and Industry (SPWCCI) Multan organised "South Punjab Women Entrepreneur Handicraft Festival and Seminar 2013" near Eidgah Khanewal road Multan in which Ambassadors of different countries, foreign visitors and rep
Published 07 Jun, 2013 12:00am
Khushhalibank Funds Women seminar held

Khushhalibank Funds Women seminar held

The South Punjab Women Chamber of Commerce and Industry (SPWCCI) Multan organised "South Punjab Women Entrepreneur Handicraft Festival and Seminar 2013" near Eidgah Khanewal road Multan in which Ambassadors of different countries, foreign visitors and rep
Published 07 Jun, 2013 12:00am
From inside parliament: will Kayani get another extension?

From inside parliament: will Kayani get another extension?

There is no letter "i" in word "team". But there is one in Sharif. There are also a couple in IPI and Pipeline; exactly two in Saudi Arabia; and again, two in ISI. But while Wednesday's voting session in parliament formally celebrated the third coming of
Published 07 Jun, 2013 12:00am
Man commits suicide after killing woman

Man commits suicide after killing woman

Man committed suicide after killing a woman on Sariab Road area of the city, police said on Thursday. "Adnan shot dead a woman over marriage dispute in the Shafiq Colony," police said adding man later committed suicide by shooting himself with gunshot. Po
Published 07 Jun, 2013 12:00am
'Ayaz Sadiq shows no interest in his new residence'

'Ayaz Sadiq shows no interest in his new residence'

Speaker of the National Assembly Ayaz Sadiq is considered to be a lucky man as he is going to reside in the new luxurious official residence, built at a cost of Rs 112.090 million. According to officials in Works Directorate of the Capital Development Aut
Published 07 Jun, 2013 12:00am
Mega projects of different sectors to dominate Sindh ADP 2013-14

Mega projects of different sectors to dominate Sindh ADP 2013-14

Sindh government's Annual Development Programme (ADP) for 2013-14 will comprise mega projects of irrigation, water and sewerage, waste management and roads sectors. The provincial authorities said that the size of next year's ADP will be increased, which
Published 07 Jun, 2013 12:00am
KSBL visiting faculty calls for localised OB research

KSBL visiting faculty calls for localised OB research

Professor Phillips, who is also a visiting faculty at the KSBL, was the Beckwith Professor of Management Studies at the Judge Business School, University of Cambridge from 2002 to 2005 and an Associate Professor in the Strategy and Organisation Area at Mc
Published 07 Jun, 2013 12:00am
KSBL visiting faculty calls for localised OB research

KSBL visiting faculty calls for localised OB research

Professor Phillips, who is also a visiting faculty at the KSBL, was the Beckwith Professor of Management Studies at the Judge Business School, University of Cambridge from 2002 to 2005 and an Associate Professor in the Strategy and Organisation Area at Mc
Published 07 Jun, 2013 12:00am
India nominates new High Commissioner in Pakistan

India nominates new High Commissioner in Pakistan

Dr TCA Raghavan has been appointed as the new Indian High Commissioner to Pakistan, and is expected to take office by the end of June. According to a press release by the Indian Ministry of External Affairs, Raghavan is expected to take up his assignment
Published 07 Jun, 2013 12:00am
Over 100 projects under UAE-PAP completed

Over 100 projects under UAE-PAP completed

Over 100 projects worth millions of dollars under UAE-Pakistan Assistance Programme (UAE-PAP), focusing on major areas of social development including health, education, water and infrastructure have been completed which are significantly contributing to
Published 07 Jun, 2013 12:00am
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