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Oct 30, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-06-10
Zain Iraq sees double-digit growth this year

Zain Iraq sees double-digit growth this year

Zain Iraq, the country's largest mobile telephone operator, expects double-digit growth in profits and revenues this year as expansion in the north and Kurdistan boosts its subscriber base, a top executive said on June 06. The expected launch of 3G servic
Published 10 Jun, 2013 12:00am
Zain Iraq sees double-digit growth this year

Zain Iraq sees double-digit growth this year

Zain Iraq, the country's largest mobile telephone operator, expects double-digit growth in profits and revenues this year as expansion in the north and Kurdistan boosts its subscriber base, a top executive said on June 06. The expected launch of 3G servic
Published 10 Jun, 2013 12:00am
Tesco recovery in doubt as UK sales resume slide

Tesco recovery in doubt as UK sales resume slide

Tesco, the world's No 3 retailer, has posted a drop in quarterly underlying sales in its main British market, resuming a trend seen for most of the past three years and raising doubts about its 1 billion-pound ($1.5 billion) turnaround plan. Shares in the
Published 10 Jun, 2013 12:00am
Oil trader Hin Leong to spend $3 billion on Asia expansion

Oil trader Hin Leong to spend $3 billion on Asia expansion

Singapore oil trader and shipper Hin Leong plans to spend up to$3 billion to build oil terminals and distribution facilities in emerging Asian markets, including fresh investments in Myanmar and Indonesia, to meet rising oil demand from the region.
Published 10 Jun, 2013 12:00am
Qatar Rail grants Doha Metro contracts worth $8.2 billion

Qatar Rail grants Doha Metro contracts worth $8.2 billion

Qatar Rail has awarded four contracts to design and build railway lines worth $8.2 billion in the first phase of construction for the Doha Metro, a newspaper reported on June 06. "These four D&B contracts for the first phase of Qatar's ambitious metro rai
Published 10 Jun, 2013 12:00am
Credit Suisse seen poised for leading role in Alibaba IPO

Credit Suisse seen poised for leading role in Alibaba IPO

Credit Suisse is expected to take a leading role in the anticipated IPO of China's Alibaba Group, according to people familiar with the matter, a coveted position that would yield massive fees for the bank as rivals jostle for a role in the offer. The Ali
Published 10 Jun, 2013 12:00am
Credit Suisse seen poised for leading role in Alibaba IPO

Credit Suisse seen poised for leading role in Alibaba IPO

Credit Suisse is expected to take a leading role in the anticipated IPO of China's Alibaba Group, according to people familiar with the matter, a coveted position that would yield massive fees for the bank as rivals jostle for a role in the offer. The Ali
Published 10 Jun, 2013 12:00am
Bailey tells beaten Aussies to trust their game

Bailey tells beaten Aussies to trust their game

Stand-in captain George Bailey urged Australia to remain true to themselves despite a defeat by England that dented their hopes of retaining the Champions Trophy. In what could be the first of 26 Anglo-Australian clashes across all formats between now and
Published 10 Jun, 2013 12:00am
Makarova and Vesnina win French Open women's doubles

Makarova and Vesnina win French Open women's doubles

Russian fourth seeds Ekaterina Makarova and Elena Vesnina won the French Open women's doubles title on Sunday by defeating top seeds Sara Errani amd Roberta Vinci of Italy 7-5, 6-2 in the final It was a first Grand Slam title for the Russian pair and it w
Published 10 Jun, 2013 12:00am
Perfectionist Guardiola finetuning his German language

Perfectionist Guardiola finetuning his German language

Pep Guardiola could well be fluent in German by the time he gives his first press conference as coach of Champions League winners Bayern Munich his brother Pere told Der Spiegel magazine. Pere, who is also the former Barcelona coach's manager, said his br
Published 10 Jun, 2013 12:00am
Nadal defies protest to win record eighth French Open

Nadal defies protest to win record eighth French Open

Rafael Nadal defied David Ferrer as well as a worrying security breach to become the first man to capture the same Grand Slam title eight times with victory in the French Open final. Nadal claimed his 12th major with a 6-3, 6-2, 6-3 win over his Spanish c
Published 10 Jun, 2013 12:00am
Spain edge Haiti in Confederations Cup tuneup

Spain edge Haiti in Confederations Cup tuneup

Barcelona star Cesc Fabregas and Arsenal winger Santi Cazorla each scored a goal to give reigning World Cup champion Spain a 2-1 victory over Haiti on Saturday in an international football friendly. Cazorla, a midfielder earning his 53rd cap, blasted a le
Published 10 Jun, 2013 12:00am
Botham backs England to whitewash Australia

Botham backs England to whitewash Australia

Ian Botham has warned Australia that England are so superior to their old rivals that it would be no surprise to see back-to-back whitewashes in the forthcoming Ashes double-header. England legend Botham believes his country's 48-run win over Australia in
Published 10 Jun, 2013 12:00am
Salah hat-trick keeps Egypt on winning trail

Salah hat-trick keeps Egypt on winning trail

Mohamed Salah scored a hat-trick as Egypt whipped Zimbabwe 4-2 on Sunday to maintain a perfect 2014 World Cup qualifying record. The 'Pharaohs' top Group G with 12 points from four victories and could win it later Sunday if second-place Guinea fail to col
Published 10 Jun, 2013 12:00am
New Zealand survive Malinga scare in dramatic win

New Zealand survive Malinga scare in dramatic win

New Zealand survived a hostile spell from sling-arm fast bowler Lasith Malinga to carve out a tense one-wicket win over Sri Lanka in the Champions Trophy on Sunday. The Black Caps messed up a simple chase of Sri Lanka's 138 all out and were reduced to 122
Published 10 Jun, 2013 12:00am
De Villiers hopes for Mandela century

De Villiers hopes for Mandela century

South Africa one-day cricket captain AB de Villiers said on Sunday that just as batsmen always wanted to make a hundred so too did he hope that Nelson Mandela reached a century of birthdays. Worldwide concerns have been mounting for the health of Mandela
Published 10 Jun, 2013 12:00am
Barca didn't want to assume risk: Abidal

Barca didn't want to assume risk: Abidal

French defender Eric Abidal has claimed that Barcelona didn't offer him a new playing contract after recovering from a liver transplant because they didn't want to assume the risk that something would happen to him whilst on the field. The 33-year-old ret
Published 10 Jun, 2013 12:00am
Steyn set to miss Pakistan clash

Steyn set to miss Pakistan clash

South Africa are set to be without Dale Steyn once again at the Champions Trophy when they face Pakistan at Edgbaston on Monday. Steyn, widely regarded as the best fast bowler currently in world cricket, missed the Proteas' opening 26-run Group B defeat b
Published 10 Jun, 2013 12:00am
'Do or die' match no bother for Misbah

'Do or die' match no bother for Misbah

Pakistan captain Misbah-ul-Haq tried to take the pressure off his side by insisting a 'do or die' Champions Trophy clash against South Africa was nothing new for the team. Both sides need to win Monday's day/night clash at Edgbaston if they are to have a
Published 10 Jun, 2013 12:00am
Bangladesh garment sales soar despite deadly incidents

Bangladesh garment sales soar despite deadly incidents

Bangladesh's exports rose 15.43 percent in May to $2.54 billion from a year earlier thanks to stronger clothing sales, the Export Promotion Bureau said on Sunday, even as the country reviews safety standards at factories after two deadly incidents. Garmen
Published 10 Jun, 2013 12:00am
All of France must prepare for pension reform: minister

All of France must prepare for pension reform: minister

All of France will have to participate in reforms to the country's pension system, a minister said on Sunday, fanning expectations that an advisory panel due to report next week could recommend a major overhaul. "Let us be clear: to save our pensions syst
Published 10 Jun, 2013 12:00am
Glut of cheap fuel oil thwarts Russian plan to modernise

Glut of cheap fuel oil thwarts Russian plan to modernise

A swelling ocean of cheap and dirty fuel oil pouring out of Russian refineries and onto world markets tells the story of misaligned tax policies and perverse incentives that jeopardise President Vladimir Putin's campaign to modernise industry. Despite rep
Published 10 Jun, 2013 12:00am
US court dismisses Bloomberg suit against swaps regulator

US court dismisses Bloomberg suit against swaps regulator

The top US derivatives regulator won a legal victory over Bloomberg LP late on Friday, when a court dismissed a case the data vendor had filed that claimed a new rule on trading swaps would hurt its business. Bloomberg is one of a dozen or so providers la
Published 10 Jun, 2013 12:00am
Swiss alarmed at secretive US bank deal

Swiss alarmed at secretive US bank deal

A secretive deal aimed at settling a dispute with Washington over Swiss banks' alleged complicity in tax evasion by Americans has caused uproar in the wealthy Alpine nation. Swiss Finance Minister Eveline Widmer-Schlumpf announced a deal last week that sh
Published 10 Jun, 2013 12:00am
Despite the politics, Chinese investment in US grows

Despite the politics, Chinese investment in US grows

The biggest-ever Chinese acquisition of a US company faces hurdles in Washington from lawmakers and regulators, but in much of America, Chinese investment is quietly booming. With over $10.5 billion of deals by Chinese companies in the United States so fa
Published 10 Jun, 2013 12:00am
China's former railways minister tried for graft

China's former railways minister tried for graft

China's former railways minister went on trial on Sunday charged with accepting millions of dollars in bribes, state media reported, in the first high-profile corruption case under President Xi Jinping. The ex-minister, Liu Zhijun, stood trial in a court
Published 10 Jun, 2013 12:00am
Britain to launch public sale of Lloyds shares, RBS later

Britain to launch public sale of Lloyds shares, RBS later

British finance minister George Osborne will launch the early sale to the public of shares in bailed-out lender Lloyds Banking Group, the Sunday Times reported without citing sources. Shares the government owns in Royal Bank of Scotland , also rescued dur
Published 10 Jun, 2013 12:00am
Britain to launch public sale of Lloyds shares, RBS later

Britain to launch public sale of Lloyds shares, RBS later

British finance minister George Osborne will launch the early sale to the public of shares in bailed-out lender Lloyds Banking Group, the Sunday Times reported without citing sources. Shares the government owns in Royal Bank of Scotland , also rescued dur
Published 10 Jun, 2013 12:00am
One in four German workers in low-wage sector

One in four German workers in low-wage sector

German jobless figures may have dropped sharply in recent years, but almost one quarter of workers are now employed in the low-wage sector, said a report Sunday on a new labour market study. The study, reported in the Spiegel news weekly, was set to fuel
Published 10 Jun, 2013 12:00am
Abe unveils plan for tax cuts to boost capex

Abe unveils plan for tax cuts to boost capex

Japanese Prime Minister Shinzo Abe said on Sunday the government would decide on tax cuts in autumn to encourage companies to boost capital expenditure as part of sweeping reforms to revive the economy from nearly two decades of stagnation. The government
Published 10 Jun, 2013 12:00am
Eurozone crisis is over: Hollande

Eurozone crisis is over: Hollande

The crippling debt crisis that has ravaged Europe for years is finished, France's President Francois Hollande has declared, despite high unemployment and lingering recession on the continent. "You must understand that the crisis in the eurozone is over,"
Published 10 Jun, 2013 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 77.75-77.75 (77.75-77.76). Call Money Rates: 05.30-07.00 percent (previous 05.30-07.50 percent).
Published 10 Jun, 2013 12:00am
Software maker Textura shines in debut

Software maker Textura shines in debut

Shares of Textura Corp, a maker of software for the construction industry, rose as much as 68 percent in their market debut, highlighting investors' love affair with enterprise software makers. Enterprise companies, which sell services to businesses rathe
Published 10 Jun, 2013 12:00am
Software maker Textura shines in debut

Software maker Textura shines in debut

Shares of Textura Corp, a maker of software for the construction industry, rose as much as 68 percent in their market debut, highlighting investors' love affair with enterprise software makers. Enterprise companies, which sell services to businesses rathe
Published 10 Jun, 2013 12:00am
Global volatility may prompt Gulf issuers to reassess pricing

Global volatility may prompt Gulf issuers to reassess pricing

Volatility in US Treasury yields and a dip in investor appetite for emerging market credits could put a brake on new issuance from the Gulf Arab region in the near term, as both sides of the market wait for prices to stabilise. Borrowers from the Gulf hav
Published 10 Jun, 2013 12:00am
Global volatility may prompt Gulf issuers to reassess pricing

Global volatility may prompt Gulf issuers to reassess pricing

Volatility in US Treasury yields and a dip in investor appetite for emerging market credits could put a brake on new issuance from the Gulf Arab region in the near term, as both sides of the market wait for prices to stabilise. Borrowers from the Gulf hav
Published 10 Jun, 2013 12:00am
Vietnam bond yields hit record lows, market grows fast

Vietnam bond yields hit record lows, market grows fast

Yields of most of Vietnam's dong bonds dropped to record lows on Wednesday due to increased supplies of debt papers and higher investor interest on expectation of an interest rate cut, bankers said. Yields of government bonds with terms ranging from one t
Published 10 Jun, 2013 12:00am
Vietnam bond yields hit record lows, market grows fast

Vietnam bond yields hit record lows, market grows fast

Yields of most of Vietnam's dong bonds dropped to record lows on Wednesday due to increased supplies of debt papers and higher investor interest on expectation of an interest rate cut, bankers said. Yields of government bonds with terms ranging from one t
Published 10 Jun, 2013 12:00am
Brazil may have to live with weaker currency

Brazil may have to live with weaker currency

Brazil will have to live with a weaker currency if its depreciation against the US dollar is in line with the movement of other currencies, the Brazilian central bank's director for monetary policy said on Tuesday. In comments that drove down its exchange
Published 10 Jun, 2013 12:00am
Wall Street week ahead: 'just right' jobs data could help equities

Wall Street week ahead: 'just right' jobs data could help equities

The US May jobs report came in just right for investors - neither too weak nor too strong to rock the boat - but market participants are now questioning what's next for stocks. The equity market is on nebulous middle ground. The S&P 500 is just 1.5 percen
Published 10 Jun, 2013 12:00am
Saudi Binladin plans local currency sukuk sale

Saudi Binladin plans local currency sukuk sale

Saudi Binladin Group, one of the largest construction firms in the kingdom, is meeting investors over a potential local currency Islamic bond sale, two banking sources aware of the deal said on Monday. BNP Paribas and the investment banking arm of Gulf In
Published 10 Jun, 2013 12:00am
Saudi Binladin plans local currency sukuk sale

Saudi Binladin plans local currency sukuk sale

Saudi Binladin Group, one of the largest construction firms in the kingdom, is meeting investors over a potential local currency Islamic bond sale, two banking sources aware of the deal said on Monday. BNP Paribas and the investment banking arm of Gulf In
Published 10 Jun, 2013 12:00am
Tokyo investors eye BoJ meeting, US, Chinese data

Tokyo investors eye BoJ meeting, US, Chinese data

Tokyo investors will be keeping a close eye on a Bank of Japan (BoJ) meeting next week as well as US and Chinese economic data after another week of wild trading on Japan's premier bourse. In the week to June 7, the benchmark Nikkei 225 index lost 6.51 pe
Published 10 Jun, 2013 12:00am
Goldman said to join Alibaba loan team as IPO nears

Goldman said to join Alibaba loan team as IPO nears

Goldman Sachs has joined Alibaba Group's $8 billion loan with $500 million in financing as the Chinese e-commerce giant prepares for a massive initial public offering expected to come as early as the fourth quarter of this year. Goldman has joined as mand
Published 10 Jun, 2013 12:00am
Goldman said to join Alibaba loan team as IPO nears

Goldman said to join Alibaba loan team as IPO nears

Goldman Sachs has joined Alibaba Group's $8 billion loan with $500 million in financing as the Chinese e-commerce giant prepares for a massive initial public offering expected to come as early as the fourth quarter of this year. Goldman has joined as mand
Published 10 Jun, 2013 12:00am
Yen set to weaken on divergence in central banks' policies

Yen set to weaken on divergence in central banks' policies

The yen will weaken over the coming year on expectations the US Federal Reserve trims back its bond-purchase programme just as the Bank of Japan maintains its own massive stimulus package, a Reuters poll found. The latest consensus is the first time since
Published 10 Jun, 2013 12:00am
Philippine peso sell-off may be overdone

Philippine peso sell-off may be overdone

The weakening of the Philippine peso against the dollar, caught up in a broader sell-off by investors in emerging market currencies, might be short-lived given the Philippines' strong economic prospects. The sell-off in emerging market currencies has been
Published 10 Jun, 2013 12:00am
Swedish, Norwegian crowns seen firming against euro

Swedish, Norwegian crowns seen firming against euro

The currencies of Sweden and Norway will make modest gains against the euro in the year ahead buoyed by robust economies and tighter monetary policy than that on the continent, a Reuters poll showed. Sweden and Norway have been growing faster than the eur
Published 10 Jun, 2013 12:00am
Iraqi Prime Minister visits Kurdistan to try to ease crisis

Iraqi Prime Minister visits Kurdistan to try to ease crisis

Iraqi Prime Minister Nuri al-Maliki visited the Kurdistan region on Sunday for the first time in more than two years, in a symbolic step towards resolving a long-running dispute over oil and land that has strained Iraq's unity to the limit.
Published 10 Jun, 2013 12:00am
US spy agency seeks criminal probe into leaks

US spy agency seeks criminal probe into leaks

A US intelligence agency requested a criminal probe on Saturday into the leak of highly classified information about secret surveillance programs run by the National Security Agency, a spokesman for the intelligence chief's office said. Confirmation that
Published 10 Jun, 2013 12:00am
Indian hardliner Modi to front India's opposition

Indian hardliner Modi to front India's opposition

Controversial Indian politician Narendra Modi was chosen Sunday to front the main opposition's campaign for general elections in 2014, boosting his chances of becoming the nation's next prime minister. Modi, chief minister of the thriving state of Gujarat
Published 10 Jun, 2013 12:00am
UK says eavesdropping is legal, defends US spy links

UK says eavesdropping is legal, defends US spy links

Britain said eavesdropping by its GCHQ security agency was legal and no threat to privacy but would not confirm or deny reports it received data from a secret US intelligence programme. British and US newspapers have suggested that the US National Securit
Published 10 Jun, 2013 12:00am
Germany steps up evacuations along flood-hit river

Germany steps up evacuations along flood-hit river

German authorities urged 15,000 more people to flee their homes in a city on the swollen Elbe river Sunday as central Europe's worst floods in a decade also threatened Hungary after causing havoc in the Czech Republic and Austria. A torrent of flood water
Published 10 Jun, 2013 12:00am
Two Koreas in first talks in over two years "without argument"

Two Koreas in first talks in over two years "without argument"

North and South Korea opened their first official talks in two years on Sunday at a border village "without argument", the South said, building on an easing in tensions from nearly daily threats two months ago of impending nuclear war. The meeting in Pamm
Published 10 Jun, 2013 12:00am
Tens of thousands on streets, Erdogan defiant

Tens of thousands on streets, Erdogan defiant

Turkish Prime Minister Tayyip Erdogan rallied his supporters in a string of defiant speeches on Sunday as tens of thousands of anti-government demonstrators massed in Istanbul's central Taksim Square. Speaking in the southern Mediterranean coastal city of
Published 10 Jun, 2013 12:00am
Protester killed outside Iran's Beirut embassy

Protester killed outside Iran's Beirut embassy

A Lebanese protester was killed outside the Iranian embassy in Beirut on Sunday after gunmen from the Iranian-backed Shia Hezbollah opened fire when anti-Hezbollah Shia demonstrators approached, witnesses and officials said. The Lebanese army deployed tan
Published 10 Jun, 2013 12:00am
US, China agree to end 'super greenhouse gases'

US, China agree to end 'super greenhouse gases'

China agreed Saturday with the United States to scale back production of "super greenhouse gases" used in refrigerators and air conditioners in a joint bid to fight climate change. The two nations made the pledge after a closely watched first summit betwe
Published 10 Jun, 2013 12:00am
Death toll from Libyan clashes rises to 31

Death toll from Libyan clashes rises to 31

At least 31 people were killed in hours of clashes between protesters and a militia in the eastern Libyan city of Benghazi on Saturday, a doctor said on Sunday. The continued existence of myriad militias, nearly two years after the fall of Muammar Gaddafi
Published 10 Jun, 2013 12:00am
Brother-in-law of Chinese Nobel winner jailed for 11 years

Brother-in-law of Chinese Nobel winner jailed for 11 years

A Chinese court on Sunday sentenced the brother-in-law of jailed Nobel Peace Prize laureate Liu Xiaobo to 11 years in prison on charges of fraud in a case that rights activists have called another example of official retribution on the Liu family. Support
Published 10 Jun, 2013 12:00am
Nato paper warns of military shortfalls

Nato paper warns of military shortfalls

Nato's chief is worried that the alliance lacks military readiness in crucial areas and is urging European members to do more, Germany's Spiegel news weekly reported Sunday, citing an internal document. Secretary General Anders Fogh Rasmussen pointed to 1
Published 10 Jun, 2013 12:00am
Kabul demands British forces transfer prisoners within weeks

Kabul demands British forces transfer prisoners within weeks

Afghan President Hamid Karzai demanded on Saturday that Britain hand over within two weeks more than 80 prisoners of war being held in a British base in the south, saying the detention was against Afghan law and a breach of sovereignty. The issue of priso
Published 10 Jun, 2013 12:00am
Obama, Xi latest leaders to escape to California desert retreat

Obama, Xi latest leaders to escape to California desert retreat

Frank Sinatra married his fourth wife here, Richard Nixon visited to nurse his wounds after resigning the presidency, and now the names of Barack Obama and Xi Jinping are added to the long list of celebrities and political leaders who have trekked to this
Published 10 Jun, 2013 12:00am
Tanks in Beirut as Syria protest leaves one dead

Tanks in Beirut as Syria protest leaves one dead

Lebanese troops blocked streets in Beirut with tanks and barbed wire for several hours on Sunday after the killing of a protester outside the Iranian embassy raised factional tensions already inflamed by the war in Syria. The man died during a clash betwe
Published 10 Jun, 2013 12:00am
South Africans pray for Mandela recovery

South Africans pray for Mandela recovery

South Africans prayed for Nelson Mandela's recovery on Sunday as the 94-year-old former president spent a second day in hospital with a recurring lung infection. Mandela, a global symbol of triumph over adversity and of reconciliation who became South Afr
Published 10 Jun, 2013 12:00am
13 dead, dozens missing as boat sinks off Australia

13 dead, dozens missing as boat sinks off Australia

Thirteen people were confirmed dead and dozens missing after a suspected people-smuggling boat sank off Australia's remote Christmas Island, authorities said Sunday. Home Affairs Minister Jason Clare said aerial surveillance of a debris field of wood and
Published 10 Jun, 2013 12:00am
Iran clerical group for Velayati as president

Iran clerical group for Velayati as president

A leading Iranian conservative clerical group has endorsed veteran diplomat Ali Akbar Velayati to succeed Mahmoud Ahmadinejad in the June 14 presidential election, a media report said on Sunday. The Mehr news agency said a majority of members of the Qom S
Published 10 Jun, 2013 12:00am
Scottish author Iain Banks dies: BBC

Scottish author Iain Banks dies: BBC

Scottish author Iain Banks has died age 59, two months after he revealed he had late-stage cancer and was unlikely to survive beyond a year, the BBC reported on Sunday citing his family. The author of "The Wasp Factory" was one of Britain's most prolific
Published 10 Jun, 2013 12:00am
Gusty monsoon kills 27 in Sri Lanka

Gusty monsoon kills 27 in Sri Lanka

Monsoon rain and strong winds in Sri Lanka have killed at least 27 people with many more wounded and missing, mostly fishermen caught in rough seas, an official said Sunday. The navy and air force kept up a search for 29 fishermen listed missing since the
Published 10 Jun, 2013 12:00am
Swiss vote for tougher asylum law

Swiss vote for tougher asylum law

The Swiss voted overwhelmingly Sunday in favour of a government move to tighten the country's asylum law amid a spike in refugees, in what opponents of the changes decried as a "disaster". A full 78.4 percent of voters embraced changes made to the asylum
Published 10 Jun, 2013 12:00am
Education pays to convict

Education pays to convict

An educated convict who teaches other convicts and under trial prisoners in jail during his confinement got eight days special education remission in his sentence in a month. Senior Superintendent Central Jail, Kotlakhpat, Kamran Anjum told APP here on Su
Published 10 Jun, 2013 12:00am
PML-Zia appoints parliamentary leaders

PML-Zia appoints parliamentary leaders

Chaudhary Ghulam Murtaza and Ahmad Naeem have been appointed parliamentary leader and deputy parliamentary leader of Pakistan Muslim League (Zia) respectively in the Punjab Assembly. The announcement was made by the party chief Muhammad Ejaz-ul-Haq after
Published 10 Jun, 2013 12:00am
PPF condemns genocide of Burmese Muslims

PPF condemns genocide of Burmese Muslims

Activists of Pakistan Patriot Forum (PPF) on Sunday organised a rally to condemn the genocide of Burmese Muslims. More than 50 activists burnt the flags of United Nations and Myanmar to express their anger on the mysterious silence of international organi
Published 10 Jun, 2013 12:00am
Traffic offence: police to stiffen procedures against lane violations

Traffic offence: police to stiffen procedures against lane violations

Deputy Inspector General (DIG) National Highways and Motorway Police Dr Muhammed Shafiq has said police will stiffen procedures against motorists who commit lane violations. Lane and line discipline is route to safety. While launching of two-week Briefing
Published 10 Jun, 2013 12:00am
'PML-N government to take all decisions in supreme national interest'

'PML-N government to take all decisions in supreme national interest'

Federal Minister for Water and Power Khawaja Muhammad Asif on Sunday said that PML-N government will take all decisions in supreme national interest to steer the country out of crises. Talking to party workers and various delegations including business co
Published 10 Jun, 2013 12:00am
Punjab cabinet to take oath today

Punjab cabinet to take oath today

The new 14-member Punjab cabinet will be sworn in at the Governor's House on Monday (today) by Punjab Governor Makhdoom Syed Ahmad Mahmood. Officials told Business Recorder that the new cabinet will also include five advisers to the Chief Minister.
Published 10 Jun, 2013 12:00am
Hashmi retracts statement calling Nawaz his leader

Hashmi retracts statement calling Nawaz his leader

Under the immense pressure of his party leadership as well workers and electorates, Pakistan Tehrik-e-Insaf (PTI) firebrand leader, Makhdoom Javed Hashmi, Sunday withdrew a statement he gave on the floor of National Assembly in which he declared Prime Min
Published 10 Jun, 2013 12:00am
CDA to auction 52 commercial plots in I-12 Markaz

CDA to auction 52 commercial plots in I-12 Markaz

The Capital Development Authority (CDA) finalised arrangements for auction of 52 commercial plots situated in I-12 Markaz and many other plots in developed sectors of Islamabad. A meeting to review the arrangements was held here at CDA Headquarters, which
Published 10 Jun, 2013 12:00am
Over 100 PU faculty members doing PhD from foreign varsities

Over 100 PU faculty members doing PhD from foreign varsities

Over 100 faculty members of the Punjab University (PU) are doing PhD in different subjects from top class foreign universities of the world. Vice Chancellor PU Professor Dr Mujahid Kamran in an exclusive interview with APP here on Sunday said under two pr
Published 10 Jun, 2013 12:00am
Government must evolve long-term economic policy: FPCCI

Government must evolve long-term economic policy: FPCCI

The Federation of Pakistan Chamber of Commerce and Industry (FPCCI), an apex body of chambers in the country on Sunday demanded that government must evolve a long term viable "Pakistan and Business" friendly economic policy with complete legislative cover
Published 10 Jun, 2013 12:00am
Country remained in grip of severe heat wave

Country remained in grip of severe heat wave

Pakistan remained in the grip of severe heat wave on Sunday as very hot and dry weather continued across the country for past several days. The Meteorological department recorded maximum temperature as follows: Dadu 50°C, N.P.Thal, Bhakkar 49°C, Nokkundi
Published 10 Jun, 2013 12:00am
Substandard wheat: Khattak orders inquiry

Substandard wheat: Khattak orders inquiry

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed inquiry into the supplying of substandard wheat grain to the people of Chitral and the alleged corruption in the Food Department. The complaint was made by a delegation of Pakistan Tehrik-e-Ins
Published 10 Jun, 2013 12:00am
Three shot dead over family dispute

Three shot dead over family dispute

Three persons including two men and a woman of the same family were shot dead in various incidents at the village Chakrial, Mansehra, late Saturday. According to District Police Officer (DPO) Sher Akbar Khan, two real brothers Zulfiqar and Farooq were goi
Published 10 Jun, 2013 12:00am
Karachi violence: Sindh chief minister seeks report from IG

Karachi violence: Sindh chief minister seeks report from IG

Sindh Chief Minister, Syed Qaim Ali Shah sought immediate report from Inspector General of Police about hand grenade attack in Lyari and other firing incidents in the city on Sunday. Expressing his deep grief and sorrow vis-à-vis the consequent killings a
Published 10 Jun, 2013 12:00am
PTI's mandate was stolen in polls: Abidi

PTI's mandate was stolen in polls: Abidi

Senior PPP leader Senator Faisal Raza Abidi said on Sunday that the mandate of the PTI was stolen in the general elections. Talking to media persons, Abidi said the PPP, ANP and MQM should have refrained from taking part in the general elections. He said
Published 10 Jun, 2013 12:00am
Business Plan 2013-18: SMEDA begins consultations with stakeholders

Business Plan 2013-18: SMEDA begins consultations with stakeholders

The management of Small and Medium Enterprises Development Authority (SMEDA) started consultations with stakeholders, particularly trade bodies for inclusion of their inputs in the proposed SMEDA Business Plan 2013-18. In this connection, the top manageme
Published 10 Jun, 2013 12:00am
Pakistan yet to submit periodic report on compliance of UNCRC

Pakistan yet to submit periodic report on compliance of UNCRC

Pakistan has yet to submit the Periodic report on compliance of United Nations Child Rights Committee (UNCRC) due in December 2012 which is obligatory for all member states after every two-years. Talking to APP here on Sunday, National Manager, Child Labo
Published 10 Jun, 2013 12:00am
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