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Oct 30, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-06-08
Indian shares fall for second day

Indian shares fall for second day

Indian shares fell for a second consecutive session on Friday to mark their lowest close in almost a month as sustained fears that a weakening rupee would lead foreign investors to pare positions hit bluechips such as HDFC Bank Ltd. Falls also tracked wea
Published 08 Jun, 2013 12:00am
Southeast Asian markets: Philippine, Indonesia lead losses

Southeast Asian markets: Philippine, Indonesia lead losses

Most Southeast Asian stocks gained on Friday as shares in bluechip firms recovered from losses early in the week, but investors remained cautious ahead of US jobs data to gauge when a potential rollback of the US quantitative easing begins. The Philippine
Published 08 Jun, 2013 12:00am
Friday's early afternoon trade: stocks gain after jobs report

Friday's early afternoon trade: stocks gain after jobs report

US stocks jumped on Friday, putting the S&P 500 on track to halt its first two-week losing skid of the year after the May jobs report pointed to an economy still in need of central bank support. The US non-farm payrolls report showed moderate growth in th
Published 08 Jun, 2013 12:00am
Wall Street soars

Wall Street soars

US stocks rose on Thursday, with the Dow swinging nearly 200 points from its session low to high and the S&P 500 recovering after hitting a key technical level in volatile trading a day before the release of the US jobs report. Market volatility has incre
Published 08 Jun, 2013 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks ended flat on Friday, as losses in LCD panel makers offset gains in the oil and gas sector. The main TAIEX index eased 0.94 points to 8,095.2, after opening up 0.22 percent. Electronics shares retreated 0.2 percent. Hon Hai Precision Industr
Published 08 Jun, 2013 12:00am
Treasuries up slightly

Treasuries up slightly

Prices for US Treasuries edged slightly higher on Thursday as a drop in the dollar against the yen boosted demand for US government debt, but caution ahead of the government's May payrolls data kept gains modest. Stocks slid during most of the session as
Published 08 Jun, 2013 12:00am
Treasuries up slightly

Treasuries up slightly

Prices for US Treasuries edged slightly higher on Thursday as a drop in the dollar against the yen boosted demand for US government debt, but caution ahead of the government's May payrolls data kept gains modest. Stocks slid during most of the session as
Published 08 Jun, 2013 12:00am
Nikkei bounces off bear territory

Nikkei bounces off bear territory

Japan's Nikkei share average sank into bear territory on Friday before recouping some of its losses on expectations that the country's $1 trillion public pension fund would ramp up its buying of equities. After the markets closed, the Government Pension I
Published 08 Jun, 2013 12:00am
European shares bounce back after US jobs data

European shares bounce back after US jobs data

European shares ended sharply higher on Friday, reversing losses after US jobs data indicated the economy was growing but probably not enough to prompt the Federal Reserve to wind down its stimulus measures. The rally was broad-based, with banking shares
Published 08 Jun, 2013 12:00am
FTSE turns up after US data

FTSE turns up after US data

Britain's top shares rose on Friday, following a reversal in financials after US jobs data pointed to growth in the US economy without threatening the Fed's monetary stimulus. The FTSE 100 closed 75.88 points higher, or 1.2 percent, at 6,411.99 having fal
Published 08 Jun, 2013 12:00am
Australian and New Zealand dollars fall

Australian and New Zealand dollars fall

The Australian and New Zealand dollars fell near multi-month lows on Friday as Asian equities took a beating in a tense market ahead of key US labour data. The Aussie slipped 0.8 percent on the day to $0.9485, pulling closer to a 20-month low of $0.9427 h
Published 08 Jun, 2013 12:00am
Indian rupee nears record low

Indian rupee nears record low

The Indian rupee hit a near one-year low on Friday and was at a striking distance of an all-time low, but dollar selling by some exporters and state-run banks helped the unit recover some ground. The rupee has been falling sharply since the start of May o
Published 08 Jun, 2013 12:00am
Dollar shaky in Asia

Dollar shaky in Asia

The US dollar was on the back foot in Asia on Friday after suffering its biggest one-day decline in three years against the yen as market players unwound their bullish bets on the greenback ahead of a closely watched US jobs report. After falling as much
Published 08 Jun, 2013 12:00am
Dollar extends slide in London

Dollar extends slide in London

The dollar slid to a two-month low against the yen on Friday, extending steep falls the previous day, before jobs data that could push the US currency even lower if it comes in below forecast. The dollar fell 1.6 percent to 95.52 yen on the EBS trading pl
Published 08 Jun, 2013 12:00am
Midday trade in New York: dollar recovers

Midday trade in New York: dollar recovers

The dollar recovered on Friday from steep losses in the previous session after a government report showed a reasonably healthy pace of US job creation in May, confounding investors' dour expectations before the release of the data. In midday New York trad
Published 08 Jun, 2013 12:00am
Dollar tumbles versus yen, euro in New York

Dollar tumbles versus yen, euro in New York

The dollar fell sharply against the yen and euro on Thursday, hitting levels not seen in months, as investors fretted that upcoming US jobs data would disappoint and prompt the Federal Reserve to keep its hefty monetary stimulus intact. On Friday, the US
Published 08 Jun, 2013 12:00am
Yuan slightly up

Yuan slightly up

The yuan closed up on Friday after the central bank set the official guidance rate at an all-time high in the wake of the dollar falling sharply in overnight trade. However, the yuan's sharp two-month rally has abated in recent days as capital inflows slo
Published 08 Jun, 2013 12:00am
Won, ringgit turn weaker

Won, ringgit turn weaker

Most emerging Asian currencies turned weaker on Friday as investors awaited US nonfarm payroll data and potential clues to whether the US Federal Reserve could soon taper its monetary stimulus. Earlier, most regional units rose as investors cut long dolla
Published 08 Jun, 2013 12:00am
Sterling slips against dollar

Sterling slips against dollar

Sterling fell against the dollar on Friday after an official report pointed to a healthier-than-expected pace of job creation in the United States, helping the dollar recover from recent lows. US non-farm payroll figures in May, although not much higher t
Published 08 Jun, 2013 12:00am
Niersbach 'the ideal man' to succeed Platini

Niersbach 'the ideal man' to succeed Platini

Wolfgang Niersbach, the president of the German Football Federation (DFB), "would be the ideal man" to succeed Michel Platini as head of European football's governing body UEFA, in the eyes of the current president of the German Bundesliga (DFL).
Published 08 Jun, 2013 12:00am
South Africa woes deepen as Morkel ruled out

South Africa woes deepen as Morkel ruled out

Beleaguered South Africa suffered a major blow on Friday when fast bowler Morne Morkel was ruled out of the rest of the Champions Trophy with a leg injury. Morkel limped off while bowling his seventh over during Thursday's 26-run loss to India, and MRI sc
Published 08 Jun, 2013 12:00am
Ashes not on my mind, says Cook

Ashes not on my mind, says Cook

England captain Alastair Cook says he will not be thinking of the upcoming Ashes series when his team faces old foes Australia in their Champions Trophy opener at Edgbaston on Saturday. "With the Ashes coming up everyone is going to talk about that," Cook
Published 08 Jun, 2013 12:00am
Clarke ruled out of England match

Clarke ruled out of England match

Australia captain Michael Clarke has been ruled out of his side's opening Champions Trophy match with England on Saturday due to a back problem, Cricket Australia announced on Friday. Clarke, 32, has already missed Australia's warm-up games with the West
Published 08 Jun, 2013 12:00am
Royals face IPL suspension

Royals face IPL suspension

Former Indian Premier League champions Rajasthan Royals faced suspension from the cash-rich tournament on Friday after its co-owner admitted to betting on the Twenty20 matches. The Board of Control for Cricket in India (BCCI) has called an emergency meeti
Published 08 Jun, 2013 12:00am
Infantino backs winter World Cup in Qatar

Infantino backs winter World Cup in Qatar

UEFA general secretary Gianni Infantino on Friday added his weight to calls for the 2022 World Cup in Qatar to be staged later in the year due to concerns over weather conditions. The quadrennial tournament is currently scheduled to take place at the heig
Published 08 Jun, 2013 12:00am
Nadal reaches French Open final

Nadal reaches French Open final

Defending champion Rafael Nadal moved closer to an historic eighth French Open title Friday when he defeated world number one Novak Djokovic 6-4, 3-6, 6-1, 6-7 (3/7), 9-7 in a titanic semi-final. Nadal, the third seed, took his Paris record to a staggerin
Published 08 Jun, 2013 12:00am
Messi cleared by Barca to captain Argentina

Messi cleared by Barca to captain Argentina

World Player of the Year Lionel Messi is expected to captain Argentina in their World Cup qualifier against Colombia on Friday evening after receiving the all-clear from Barcelona's medical staff. "The player has been given the medical all-clear," said a
Published 08 Jun, 2013 12:00am
Angry Djokovic blasts court after Nadal defeat

Angry Djokovic blasts court after Nadal defeat

Novak Djokovic hit out at Roland Garros officials after his epic five-set defeat to Rafael Nadal on Friday, claiming that his demands for the Court Philippe Chatrier surface to be improved were ignored. The world number one twice battled from a set and a
Published 08 Jun, 2013 12:00am
West Indies edge Pakistan in low-scoring game

West Indies edge Pakistan in low-scoring game

West Indies laboured to a nervous two-wicket victory over Pakistan in their Champions Trophy Group B match at the Oval on Friday after they had been set only 171 to win their opening game. Man-of-the-match Kemar Roach, who had earlier ripped through the P
Published 08 Jun, 2013 12:00am
Prince Philip to undergo surgery

Prince Philip to undergo surgery

Queen Elizabeth II's husband Prince Philip was due to undergo exploratory surgery on his abdomen at a London hospital on Friday, raising fresh questions about the 91-year-old's health. The Duke of Edinburgh was admitted to the private London Clinic on Thu
Published 08 Jun, 2013 12:00am
Presidential hopefuls snipe at Iran nuclear talks tactics

Presidential hopefuls snipe at Iran nuclear talks tactics

Candidates vying for Iran's presidency clashed on Friday in a heated televised exchange over nuclear talks with world powers, with pointed criticism aimed at top nuclear negotiator and hardline candidate Saeed Jalili. Jalili is considered to be close to s
Published 08 Jun, 2013 12:00am
Putin divorce announcement takes Russia by surprise

Putin divorce announcement takes Russia by surprise

Russians reeled Friday from the shock announcement by President Vladimir Putin that his 30-year marriage was over, a break-up that was long an open secret but few imagined would ever be made public. In a highly choreographed joint interview with state tel
Published 08 Jun, 2013 12:00am
Queen Elizabeth brings BBC news to a halt

Queen Elizabeth brings BBC news to a halt

Queen Elizabeth II made a show-stopping appearance live on the BBC news Friday as she officially opened the corporation's new headquarters, pressing ahead with engagements as her husband Prince Philip awaited exploratory surgery. At one point, the 87-year
Published 08 Jun, 2013 12:00am
North Korea reopens hotline with South, seeks weekend talks

North Korea reopens hotline with South, seeks weekend talks

North Korea reopened a Red Cross hotline with South Korea on Friday and invited officials from Seoul to talks over the weekend, a further sign the North wants to improve ties after a barrage of threats to wage war this year. On Thursday, North Korea propo
Published 08 Jun, 2013 12:00am
Ousted central African leader drops bid to fly to South Africa

Ousted central African leader drops bid to fly to South Africa

Central African Republic's toppled president Francois Bozize has abandoned his attempt to fly to South Africa from his home in exile in Cameroon, his advisor said on Friday. He had been in the Kenyan capital earlier this week en route for South Africa. At
Published 08 Jun, 2013 12:00am
First woman in space ready for 'one-way flight to Mars'

First woman in space ready for 'one-way flight to Mars'

Russia's Valentina Tereshkova, the first woman to go to space, said on Friday she was ready to score another coup and fly to Mars, even if it would be just a one-way trip. "Mars is my favourite planet," the 76-year old told a news conference in Zvyozdny G
Published 08 Jun, 2013 12:00am
Somalis call on South Africa to provide protection

Somalis call on South Africa to provide protection

South Africa's government on Friday slammed a wave of "heinous" anti-foreigner attacks, as Somali immigrants took to the streets in Cape Town to demand greater protection. Foreign Minister Maite Nkoana-Mashabane expressed the government's "strongest conde
Published 08 Jun, 2013 12:00am
Cameron to join secretive Bilderberg meeting

Cameron to join secretive Bilderberg meeting

British Prime Minister David Cameron was on Friday set to attend a meeting of the highly secretive Bilderberg group as the gathering of top politicians, academics and business leaders held a conference near London. Cameron's Downing Street office confirme
Published 08 Jun, 2013 12:00am
Abenomics is good news for Europe: Hollande

Abenomics is good news for Europe: Hollande

French President Francois Hollande said Friday Japan's big spending and ultra-loose monetary policies aimed at boosting its flagging economy were "good news" for austerity-weary Europe. On a visit to Tokyo, the Socialist leader also stressed his concern a
Published 08 Jun, 2013 12:00am
China eyes EU luxury cars as trade dispute rages

China eyes EU luxury cars as trade dispute rages

China may look into a complaint about luxury cars imported from the European Union, potentially escalating a trade dispute that started over solar panels and appears to be spreading to some of the most popular goods with wealthy Chinese.
Published 08 Jun, 2013 12:00am
Canada creates 95,000 new jobs in April

Canada creates 95,000 new jobs in April

A total of 95,000 mostly full-time jobs were created last month in Canada, pushing the unemployment rate down a notch to 7.1 percent, the government statistics agency said Friday. Analysts had expected a mere 18,000 new jobs in May after 12,500 jobs were
Published 08 Jun, 2013 12:00am
Rolls-Royce wins Singapore Airlines engines deal

Rolls-Royce wins Singapore Airlines engines deal

British aircraft engine maker Rolls-Royce said Friday that it has won a $4.0-billion (3.0-billion-euro) engines deal from Singapore Airlines. "Rolls-Royce has been selected by Singapore Airlines Group to power 50 Boeing 787 Dreamliner aircraft with Trent
Published 08 Jun, 2013 12:00am
Ambani brothers sign $2.1 billion telecoms deal

Ambani brothers sign $2.1 billion telecoms deal

India's billionaire Ambani brothers announced Friday a $2.1-billion deal to share telecom tower infrastructure, cementing a reconciliation between the once-warring siblings. The agreement is the another tangible sign that the two are patching up relations
Published 08 Jun, 2013 12:00am
India's Jet Airways CEO Nikos Kardassis resigns

India's Jet Airways CEO Nikos Kardassis resigns

India's private carrier Jet Airways said Friday that its chief executive Nikos Kardassis has resigned from the firm. "Nikos Kardassis has resigned with effect from June 5," the airline said in a statement to the stock exchanges, without disclosing the rea
Published 08 Jun, 2013 12:00am
UK trade gap narrows

UK trade gap narrows

Britain's goods trade deficit narrowed more than expected in April as imports dropped, adding to signs the country's economic growth will gather pace in the second quarter but still reflecting a weak recovery. The Office for National Statistics said on Fr
Published 08 Jun, 2013 12:00am
US hiring points to resilience in economy

US hiring points to resilience in economy

US employers stepped up hiring a bit in May in a show of economic resilience that suggests the Federal Reserve could begin to scale back its monetary stimulus later this year. The United States added 175,000 jobs last month after adding only 149,000 in Ap
Published 08 Jun, 2013 12:00am
German outlook brightens as economy gains speed

German outlook brightens as economy gains speed

The economic outlook for Germany is brightening, its central bank said Friday, as improved trade and rising industrial output suggested Europe's biggest economy is slowly leaving recent weakness behind it. "The outlook for the German economy has become br
Published 08 Jun, 2013 12:00am
Samsung Electronics loses $12 billion market value on smartphone worries

Samsung Electronics loses $12 billion market value on smartphone worries

Samsung Electronics Co lost $12 billion in market value on Friday, hit by brokerage downgrades that have underscored concerns about slowing sales of its flagship Galaxy S4 smartphone. The share slide of more than 6 percent comes after it recently introduc
Published 08 Jun, 2013 12:00am
Walmart unveils $15 billion share buyback plan

Walmart unveils $15 billion share buyback plan

US retail behemoth Walmart Friday announced a $15 billion share repurchase programme, citing the continued benefits of the company's strong cash flow. Wal-Mart Stores said the new share repurchase plan replaces a previous $15 billion share repurchase plan
Published 08 Jun, 2013 12:00am
Walmart unveils $15 billion share buyback plan

Walmart unveils $15 billion share buyback plan

US retail behemoth Walmart Friday announced a $15 billion share repurchase programme, citing the continued benefits of the company's strong cash flow. Wal-Mart Stores said the new share repurchase plan replaces a previous $15 billion share repurchase plan
Published 08 Jun, 2013 12:00am
Portugal lawmakers clear new austerity budget

Portugal lawmakers clear new austerity budget

Portugal's parliament adopted Friday a revised budget aiming to keep its finances on track as part of its international bailout after the country's top court rejected several measures in the initial plan. "This revised budget includes measures which will
Published 08 Jun, 2013 12:00am
EU's Rehn slams IMF over Greek bailout jibes

EU's Rehn slams IMF over Greek bailout jibes

Olli Rehn, the EU's Economic Affairs Commissioner and a key architect of the eurozone's bailout policy, shot back at the International Monetary Fund on Friday for its criticism of Brussels' handling of the Greek debt crisis. "I worked with the United Stat
Published 08 Jun, 2013 12:00am
Germany, Hungary scramble to repel flood surges

Germany, Hungary scramble to repel flood surges

Germany's race to shore up dams on swollen rivers shifted to the north Friday while Hungary braced for a record flood surge as other central European regions began counting the cost of the deadly flooding. Volunteers, rescuers and soldiers in northern Ger
Published 08 Jun, 2013 12:00am
Russians can replace Austrians in Golan Heights, says Putin

Russians can replace Austrians in Golan Heights, says Putin

President Vladimir Putin proposed Friday that Russian peacekeepers replace departing Austrian troops monitoring the Israeli-Syrian cease-fire line in the Golan Heights that has been the scene of an upsurge in fighting in recent days. "Considering the diff
Published 08 Jun, 2013 12:00am
Merkel urges fair Tunisian trial for topless activists

Merkel urges fair Tunisian trial for topless activists

German Chancellor Angela Merkel Friday called for a fair trial of European topless activists in Tunisia after a protest by bare-breasted demonstrators outside her offices. Following talks with visiting Tunisian Prime Minister Ali Larayedh, the target of t
Published 08 Jun, 2013 12:00am
'Russian Facebook' founder spared jail risk in traffic probe

'Russian Facebook' founder spared jail risk in traffic probe

Russian investigators on Friday named the founder of the country's most popular social networking site, Pavel Durov, as the driver of a car that allegedly ran over a policeman, but decided to halt criminal action in the case. Pavel Durov, 28, founded the
Published 08 Jun, 2013 12:00am
IMF approves $1.74 billion standby loan for Tunisia

IMF approves $1.74 billion standby loan for Tunisia

The International Monetary Fund on Friday approved a two-year, $1.74 billion standby loan for Tunisia to support the government as it implements economic reforms. The funds are to be used to shore up the country's defences against external and internal sh
Published 08 Jun, 2013 12:00am
Zambian former president barred from leaving country

Zambian former president barred from leaving country

Zambian immigration authorities on Friday blocked former president Rupiah Banda from leaving the country for the third time in nearly two months, sparking criticism from activists. Banda, who is fighting corruption charges, was stopped from boarding a fli
Published 08 Jun, 2013 12:00am
US, Venezuela take steps towards mending ties

US, Venezuela take steps towards mending ties

US and Venezuelan officials will meet soon for talks that could lead to the countries exchanging ambassadors for the first time since 2010, Venezuela's foreign minister said late Thursday. The meeting will be "in the next days, probably in Washington," sa
Published 08 Jun, 2013 12:00am
Obama defends surveillance dragnet

Obama defends surveillance dragnet

President Barack Obama Friday defended US spy agency programs which trawl phone and Internet data, saying they were legal, necessary to combat terror and balanced privacy and security. Obama made his first public comments on a dramatic set of revelations
Published 08 Jun, 2013 12:00am
Assange fears for US Internet spying whistleblower

Assange fears for US Internet spying whistleblower

WikiLeaks founder Julian Assange said Friday he fears the whistleblower who exposed a vast US surveillance program could face the same fate as the US soldier who leaked files to his website. In an interview with CBS This Morning from the Ecuadoran embassy
Published 08 Jun, 2013 12:00am
Turkey Prime Minister hits back at protest criticism

Turkey Prime Minister hits back at protest criticism

Turkish Prime Minister Recep Tayyip Erdogan said Friday his Islamic-rooted government was open to "democratic demands" and hit back at EU criticism of his handling of a week of deadly unrest. Amid international condemnation over rights abuses in the unres
Published 08 Jun, 2013 12:00am
ICE cotton futures gain

ICE cotton futures gain

Cotton futures rose on Thursday and were on track for their first weekly gain in a month as buyers were encouraged by an increase in US weekly export sales and a weakening US dollar. The most-active July cotton contract on ICE Futures US settled up 1.35 c
Published 08 Jun, 2013 12:00am
Shanghai copper little changed

Shanghai copper little changed

The most-traded October copper contract on the Shanghai Futures Exchange closed little changed at 53,050 yuan ($8,600) a tonne on Friday, but was set for a slight weekly rise. "If the jobs data comes in weaker than expected, it may mean the Fed postpones
Published 08 Jun, 2013 12:00am
Copper hits one-week low

Copper hits one-week low

Copper hit a one-week low on Friday after US data showed employers stepped up hiring in May in a show of economic resilience that suggests the Federal Reserve could begin to scale back monetary stimulus later this year. Three-month copper on the London Me
Published 08 Jun, 2013 12:00am
Brent oil gains $1 a barrel

Brent oil gains $1 a barrel

Brent crude oil rose $1 a barrel on Friday as data pointing to modest gains in US hiring gave US stock markets a boost, taking crude along for the ride. The United States added 175,000 jobs last month, Labour Department data showed, just above the median
Published 08 Jun, 2013 12:00am
Tokyo rubber scores fourth weekly loss

Tokyo rubber scores fourth weekly loss

Tokyo rubber futures dropped to their weakest since the middle of April on Friday, notching a fourth straight week of losses as the yen gained against the US dollar and the Shanghai market hit a contract low on worries about the economy. The most-active N
Published 08 Jun, 2013 12:00am
Soyabeans trim losses

Soyabeans trim losses

US soyabean futures trimmed losses and deferred contracts ended higher on Thursday on concerns a return of wet weather will cause more planting delays. Corn futures also closed higher. New-crop soyabeans have been under pressure for the past two days on e
Published 08 Jun, 2013 12:00am
Palm oil climbs

Palm oil climbs

Malaysian palm oil futures climbed to their highest in more than two months on Friday, posting a fifth straight weekly gain, as investors placed further bets that stocks of the edible oil in the world's No 2 producer would ease in May. Inventory levels mo
Published 08 Jun, 2013 12:00am
US MIDDAY: sugar, coffee slip

US MIDDAY: sugar, coffee slip

ICE raw sugar and arabica coffee futures fell on Friday, remaining near recent three-year lows, as both tracked Brazil's weakening real and came under pressure from ample supplies in the top producing country. Cocoa on ICE Futures US edged up in technical
Published 08 Jun, 2013 12:00am
Gold rises in New York

Gold rises in New York

Gold rose 1 percent on Thursday as the dollar fell sharply against the yen and the euro on fears of disappointing US jobs data the next day. After trading mostly flat, gold suddenly turned higher at midday in New York as investors sold long positions on t
Published 08 Jun, 2013 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold prices held steady on Friday, on track for their third straight weekly gain, as investors awaited US jobs data for clues on whether the Federal Reserve would hold to its bullion-supporting stimulus programme. Spot gold was little changed at $1,413.35
Published 08 Jun, 2013 12:00am
Gold falls over two percent

Gold falls over two percent

Gold fell more than 2 percent on Friday after US payrolls data beat expectations, supporting hopes that the recovery of the world's biggest economy is still on track, which may quicken the end of the Federal Reserve's ultra-loose monetary policy. US emplo
Published 08 Jun, 2013 12:00am
US MIDDAY: corn, soya advance

US MIDDAY: corn, soya advance

US soyabean futures soared on Friday as investors worried that wetter-than-expected weather next week will continue to disrupt planting and reduce the size of the autumn harvest. Corn futures also traded higher, while wheat sagged. Plantings of soyabeans
Published 08 Jun, 2013 12:00am
US MIDDAY: gold tumbles

US MIDDAY: gold tumbles

Gold fell more than 2 percent early on Friday, set for its biggest one-day drop in over three weeks, as funds dumped bullion after resilient US jobs data suggested the Federal Reserve could begin to scale back its monetary stimulus later this year. The me
Published 08 Jun, 2013 12:00am
Chem & Dye Tech Expo 2013 from June 20

Chem & Dye Tech Expo 2013 from June 20

Second Chem & dye Tech Expo 2013, organised by Event and Conference International, will be held from June 20th at Karachi Expo Center. This expo is being organised with collaboration of Pakistan Chemical and Dyes Merchants' Association (PCDMA)-the associa
Published 08 Jun, 2013 12:00am
KMC organises Summer Camps from June 10

KMC organises Summer Camps from June 10

KMC Culture, Sports & Recreation Department is organising Summer Camps for children from 10th June to 5th July 2013 during summer holidays. Swimming camp would be held in City Sports Complex during which along with swimming tennis, karate, squash, fitness
Published 08 Jun, 2013 12:00am
Theatre drama 'Sorry Juliet! Paaro loves Romeo'

Theatre drama 'Sorry Juliet! Paaro loves Romeo'

Theatre is a valuable mode of expression as well as entertainment. Just like RAZCO's previous productions, "Sorry Juliet! Paaro Loves Romeo" carries a positive and inspiring message for the audience and leaves them feeling amused and light-hearted.
Published 08 Jun, 2013 12:00am
Sindh government decides to revive KCR project

Sindh government decides to revive KCR project

Sindh Chief Minister, Syed Qaim Ali Shah Friday approved the revival of the Karachi Circular Railway (KCR) project. An announcement to this effect was made in a CM House statement issued here on Friday. It said that Syed Qaim Ali Shah was presiding over a
Published 08 Jun, 2013 12:00am
Lipton Tea announces grand winner of brand's campaign

Lipton Tea announces grand winner of brand's campaign

Lipton, the world's leading tea brand has announced the grand prize winner to its three-month long Dip&Win consumer promotion campaign. Javed Suri, resident of Karachi, proud winner of a new car. The innovative nation-wide campaign had consumers of Lipton
Published 08 Jun, 2013 12:00am
Nato truck driver killed in Chaman

Nato truck driver killed in Chaman

Armed militants opened fire at a Nato container and killed its driver in Chaman on Friday, police said. Police said four militants on two motorcycles opened fire at the container-truck in Grid Station area of Chaman, the bordering town with neighbouring A
Published 08 Jun, 2013 12:00am
New MAP office-bearers elected

New MAP office-bearers elected

Management Association of Pakistan (MAP) in its 515th Executive Committee meeting held in Karachi on Thursday elected new office-bearers, Ms Saadia Naveed, President, who is Deputy Managing Director at English Biscuit Manufacturers (Pvt) Ltd.
Published 08 Jun, 2013 12:00am
Exams on Monday: Urdu university students still without admit cards

Exams on Monday: Urdu university students still without admit cards

Undergraduate students at the Federal Urdu University of Arts, Science and Technology (FUUAST) are facing considerable difficulties in getting hold of their admit cards ahead of the examinations, scheduled to commence from June 10 (Monday).
Published 08 Jun, 2013 12:00am
IoBM observes World Environment Day

IoBM observes World Environment Day

The Institute of Business Management (IoBM) held a programme on environment and energy management to observe the World Environment Day. The theme of this year's environment day was 'Think, Eat and Save' which was an anti-food waste and food loss campaign.
Published 08 Jun, 2013 12:00am
CCP holds workshop on competition regime for Afghan officials

CCP holds workshop on competition regime for Afghan officials

A two-day training workshop on 'Competition and Consumer Protection' for officials of Afghanistan's Ministry of Commerce and Industries, Afghanistan Investment and Reconstruction Task Force, and Competition and Consumer Protection Directorate (CCPD), was
Published 08 Jun, 2013 12:00am
World Tumor Day observed

World Tumor Day observed

Brain Tumor is a curable disease and all the major government hospitals in Punjab have the facility of neuro-surgery; however, there should be immediate steps to make up the shortage of neuro-surgeons in the country. These views were expressed by Principa
Published 08 Jun, 2013 12:00am
Passport lamination contract: IHC reserves judgement

Passport lamination contract: IHC reserves judgement

The Islamabad High Court (IHC) on Friday reserved its judgement in the passport lamination paper contract case. Justice Shaukat Aziz Siddiqui was hearing a petition filed by M/s Reliance International & Co, a local representative of a French company M/s H
Published 08 Jun, 2013 12:00am
Khyber Pakhtunkhwa cabinet to be formed by next week: PTI leader

Khyber Pakhtunkhwa cabinet to be formed by next week: PTI leader

Pakistan Tehrik-e-Insaf (PTI) Provincial Secretary and Deputy Parliamentary Leader in Khyber Pakhtunkhwa Assembly, Shaukat Yousufzai said the provincial cabinet would be formed in next week, saying that the consultation process was being carrying out with
Published 08 Jun, 2013 12:00am
Pesco issues notices to public sector defaulters

Pesco issues notices to public sector defaulters

Peshawar Electricity Supply Company (Pesco) has issued notices to defaulter federal and provincial departments of Khyber Pakhtunkhwa for the payment of the arrears of Rs 7,556 million outstanding against them in head of utility bills. According to a spoke
Published 08 Jun, 2013 12:00am
Two more bodies recovered from Gayari

Two more bodies recovered from Gayari

Two more bodies at the Gayari avalanche have been recovered by the rescue teams of Pakistan Army during the last 36 hours. According to ISPR, so far 131 bodies have been recovered.
Published 08 Jun, 2013 12:00am
Tajik President felicitates Nawaz

Tajik President felicitates Nawaz

President Emomali Rahmon of Tajikistan felicitated Prime Minister Mohammad Nawaz Sharif on assumption of the Office of the Prime Minister. In his message issued here on Friday, the Tajik President expressed confidence that under the leadership of Prime Mi
Published 08 Jun, 2013 12:00am
All Ministries, Divisions to remain open today

All Ministries, Divisions to remain open today

The government has decided that all the Ministries and Divisions would remain open on Saturday (today) to facilitate federal ministers and ministers of state to assume their offices/function. A notification to this effect was issued by the Cabinet Divisio
Published 08 Jun, 2013 12:00am
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