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Print - 2013-06-14
Palm oil slips

Palm oil slips

Malaysian palm oil futures fell to a one-week low on Thursday as investors continued to book profits from a recent rally in prices, although trading was thin amid caution ahead of upcoming export figures for the first half of the month. But a weaker ringg
Published 14 Jun, 2013 12:00am
US MIDDAY: raw sugar edges up

US MIDDAY: raw sugar edges up

Raw sugar futures on ICE edged up on Thursday on limited short-covering after slumping to the lowest level in nearly three years amid a strong downtrend as expectations of a third year of global surpluses weighed. ICE arabica futures inched up from the pr
Published 14 Jun, 2013 12:00am
Gold surges in New York

Gold surges in New York

Gold rose on Wednesday as sharp losses in US equities and a drop in the US dollar prompted the metal to rebound from the previous session's three-week low. After earlier rangebound trade with no major US economic data, bullion extended gains in late morni
Published 14 Jun, 2013 12:00am
Gold rises in Asia

Gold rises in Asia

Gold extended gains into a second session on Thursday, as Asian stock markets fell sharply and the US dollar dropped to a 10-week low on persistent uncertainty over the Federal Reserve's massive stimulus programme. Spot gold had climbed 0.2 percent to $1,
Published 14 Jun, 2013 12:00am
Gold extends losses

Gold extends losses

Gold extended earlier losses on Thursday as US economic data added to feverish speculation on the possible timing of scaled-back US Federal Reserve monetary stimulus. US stock futures turned positive and US bonds pared gains, while the dollar arrested fal
Published 14 Jun, 2013 12:00am
US MIDDAY: corn, soya down

US MIDDAY: corn, soya down

US grain futures shed 1 percent or more early on Thursday, with corn falling to a three-week low as growing conditions turned ideal in the Midwest grain belt, dampening bullish sentiment for tight old-crop supplies. Soyabean futures were heading for their
Published 14 Jun, 2013 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold fell almost 1 percent early on Thursday as encouraging US retail sales and job data fuelled speculation on the possible scaled-back US Federal Reserve monetary stimulus, weighing bullion's inflation-hedge appeal. Platinum group metals also tumbled on
Published 14 Jun, 2013 12:00am
Economic Survey - I

Economic Survey - I

Indeed, the new government has inherited a woefully bad economy, according to Pakistan Economic Survey, fiscal year 2012-13 started with continuous problems of power and gas shortages along with other internal and external challenges. The Survey has made
Published 14 Jun, 2013 12:00am
New York plans $20 billion shelter against storms

New York plans $20 billion shelter against storms

While the last Sandy storm victims return to their rebuilt homes, Mayor Michael Bloomberg unveiled a costly plan to build flood walls, levees and dunes to protect New York City from future destructive natural disasters. Bloomberg, who will finish his thir
Published 14 Jun, 2013 12:00am
Dengue fever no longer just a poor countries' disease

Dengue fever no longer just a poor countries' disease

Health officials in the US and Europe may soon be visiting South-East Asia for updates on the most effective means of fighting dengue fever, traditionally a poor countries' disease. A dengue outbreak was reported at the beginning of this year in Madeira,
Published 14 Jun, 2013 12:00am
Budget 2013-14: No will to tax the rich

Budget 2013-14: No will to tax the rich

By just tinkering with tax rates here and there and imposing or enhancing regressive taxes - fixing revenue collection target at Rs 2598 billion for fiscal year 2013-14 - the new government has confirmed that like its predecessors it has no political will
Published 14 Jun, 2013 12:00am
Budget 2013-14: No will to tax the rich

Budget 2013-14: No will to tax the rich

By just tinkering with tax rates here and there and imposing or enhancing regressive taxes - fixing revenue collection target at Rs 2598 billion for fiscal year 2013-14 - the new government has confirmed that like its predecessors it has no political will
Published 14 Jun, 2013 12:00am
The Survey 2012-13

The Survey 2012-13

Fiscal year 2012-13 was one the most frustrating years for the economy of Pakistan. According to the Economic survey released on 11th June, a day before the Annual Federal Budget, most of the key targets fixed at the beginning of the year, were missed by
Published 14 Jun, 2013 12:00am
The Survey 2012-13

The Survey 2012-13

Fiscal year 2012-13 was one the most frustrating years for the economy of Pakistan. According to the Economic survey released on 11th June, a day before the Annual Federal Budget, most of the key targets fixed at the beginning of the year, were missed by
Published 14 Jun, 2013 12:00am
Dar's flawed tax view

Dar's flawed tax view

Federal Finance Minister Ishaq Dar has explained in his post-budget press conference that Budget FY13 is all about initiating good measures of both austerity and growth. Dar has much to show in the context of a cut in current expenditure and also the rise
Published 14 Jun, 2013 12:00am
Xpress Money, Tameer Bank launch door delivery service

Xpress Money, Tameer Bank launch door delivery service

Xpress Money, the world's most dependable money transfer brand, in association with Tameer Bank, on Thursday introduced the Door Delivery Service for its customers in Pakistan, at no additional cost to the beneficiary. This pioneering service has been lau
Published 14 Jun, 2013 12:00am
USAID launches programme to increase women's participation in trade

USAID launches programme to increase women's participation in trade

The United States Agency International Development (USAID) has launched an ambitious programme to improve gender ratio in the international trade sector of Pakistan. According to USAID brief, Pakistan has a very small base of women professionals employed
Published 14 Jun, 2013 12:00am
Obstetrics Skill Laboratory established at Liaquat University

Obstetrics Skill Laboratory established at Liaquat University

The Vice Chancellor Liaquat University of Medical & Health Sciences Jamshoro Professor Mashoor Alam Shah inaugurated the "Obstetrics Skill Laboratory" established at the university in collaboration with "World Health Organisation" "Maternal Neonate and Ch
Published 14 Jun, 2013 12:00am
KESC disconnects 33 defaulting PMTs

KESC disconnects 33 defaulting PMTs

Karachi Electric Supply Company (KESC) has disconnected 33 heavily defaulting PMTs in Baldia Town for poor recovery status and massive illegal connections. KESC disconnected 11 PMTs running in Sector 19-A under MNA funds where consumers had been using ele
Published 14 Jun, 2013 12:00am
SECP initiates 189 show-cause proceedings against violators

SECP initiates 189 show-cause proceedings against violators

The Securities and Exchange Commission of Pakistan (SECP) initiated 189 show-cause proceedings against chief executives, directors and auditors of listed and unlisted companies, which had failed to comply with the provisions of the laws. The Enforcement D
Published 14 Jun, 2013 12:00am
Call to develop fisheries, agriculture sectors in Khyber Pakhtunkhwa

Call to develop fisheries, agriculture sectors in Khyber Pakhtunkhwa

The consultant of Small and Medium Enterprises Development Authority (SMEDA), Omar Hayat called for the initiating of concrete steps for the development of fisheries and agriculture sectors in the Khyber-Pakhtunkhwa province. Talking to Business Record
Published 14 Jun, 2013 12:00am
Election campaign 2013: around 149 incidents of violence reported: FAFEN

Election campaign 2013: around 149 incidents of violence reported: FAFEN

Around 149 incidents of election related violence took place during the election campaign from March 17 to May 09, 2013, in which approximately 189 people lost their lives and 667 were injured, Free and Fair Election Network (FAFEN) claims in its report o
Published 14 Jun, 2013 12:00am
Nine people injured in Nasirabad attack

Nine people injured in Nasirabad attack

At least nine persons of a same family including mother, her daughters and sons were injured at their house by unknown gunmen in Tehsil Tamboo area of Nasirabad district on Thursday morning. According to police, three gunmen barged into the house and open
Published 14 Jun, 2013 12:00am
Discos' officials to visit Philippines on study tour

Discos' officials to visit Philippines on study tour

The US Government organised a study tour for professionals from Pakistan's government-owned power distribution companies (Discos) to Manila, and Cebu City Philippines. Exposure to modern commercial procedures and consumer outreach methods were intended to
Published 14 Jun, 2013 12:00am
Pakistani exporters see opportunities in US market

Pakistani exporters see opportunities in US market

Pakistani exporters learned today about opportunities to sell over 3,500 products duty-free in the United States at a seminar jointly sponsored by the US and Pakistani governments. Exporters from Peshawar, Karachi, Rawalpindi, Islamabad and from the Feder
Published 14 Jun, 2013 12:00am
New budget: APTMA fears high business costs

New budget: APTMA fears high business costs

Spokesman All Pakistan Textile Mills Association (APTMA) apprehended increase in the industrial cost of doing business and high inflation due to various budgetary measures introduced for the fiscal year 2013-14. Textile industry cannot sustain and export
Published 14 Jun, 2013 12:00am
Protest against Myanmar Muslims' genocide by Jamaat-i-Islami

Protest against Myanmar Muslims' genocide by Jamaat-i-Islami

The Jamaat-i-Islami is observing country wide protest against the genocide and the forced ejection of the Myanmar Muslims, on the appeal of the JI Ameer, Syed Munawwar Hasan, Protest rallies will be held in the Federal and all provincial capitals besides
Published 14 Jun, 2013 12:00am
Industrialists protest against unannounced loadshedding

Industrialists protest against unannounced loadshedding

Industrialists of Sundar Industrial Estate (SIE) staged a protest demonstration on Thursday against unannounced loadshedding which they claimed has inflicted a loss of Rs 250 million in shape of wastage of raw material. At present 260 factories are manufa
Published 14 Jun, 2013 12:00am
New tube-well installed in LGH

New tube-well installed in LGH

With the financial assistance of Patients Welfare Society a new tube well has been installed in the Lahore General Hospital costing Rs five million. The amount has been donated for the project by a philanthropist. Principal PGMI and LGH Professor Anjum Ha
Published 14 Jun, 2013 12:00am
UMT signs MoU with Bfz gGmbH, Germany

UMT signs MoU with Bfz gGmbH, Germany

A MoU has been signed between University of Management and Technology (UMT) and Bfz gGmbH, Germany, under the aegis of project Espire. UMT is the first university in Pakistan to sign MoU with Bfz gGmbH, Germany. Dr Salim Abid Tabassum, Dean, School of Eng
Published 14 Jun, 2013 12:00am
Senate body asks Information Ministry to finalise draft RTI Act

Senate body asks Information Ministry to finalise draft RTI Act

The Sub-Committee of Senate's Standing Committee on Information and Broadcasting, while proposing some amendments to the draft Right to Information (RTI) Act 2013, on Thursday asked the Information Ministry to finalise it by the first week of July so that
Published 14 Jun, 2013 12:00am
Macroeconomic dynamics with a dominant borrower

Macroeconomic dynamics with a dominant borrower

The State Bank of Pakistan has been grappling with a difficult trade-off in the past several years. With an insatiable government appetite for credit, how does the central bank contain the quantum of inflationary finance and yet ensure the private sector
Published 14 Jun, 2013 12:00am
Macroeconomic dynamics with a dominant borrower

Macroeconomic dynamics with a dominant borrower

The State Bank of Pakistan has been grappling with a difficult trade-off in the past several years. With an insatiable government appetite for credit, how does the central bank contain the quantum of inflationary finance and yet ensure the private sector
Published 14 Jun, 2013 12:00am
APCA demands suitable increase in salaries

APCA demands suitable increase in salaries

All Pakistan Clerks Association (APCA), Khyber Pakhtunkhwa has rejected the federal budget for financial year 2013-14 and demanded amendment in it to make suitable increase in the salaries of the government employees. The protesting government servants al
Published 14 Jun, 2013 12:00am
Setting up of trauma centre on Indus Highway recommended

Setting up of trauma centre on Indus Highway recommended

The Deputy Commissioner Jamshoro Sajid Jamal Abro expressing his apprehensions on over speeding and frequent accidents on Indus Highway has recommended the Sindh Government for establishment of Trauma Centre on the Indus Highway in the mid of Jamshoro Seh
Published 14 Jun, 2013 12:00am
Pakistan seeks US explanation over digital intercepts

Pakistan seeks US explanation over digital intercepts

Pakistan on Thursday demanded explanation from the United States over reports that its National Security Agency (NSA) intercepted 13.5 billion digital reports from the country for intelligence purposes in March this year alone. Foreign Office spokesman Ai
Published 14 Jun, 2013 12:00am
MQM, ASWJ men, traffic: constable among nine killed

MQM, ASWJ men, traffic: constable among nine killed

At least nine persons were killed in different incidents of violence in the city on Thursday, police and rescue reports said. Two men, identified as Kamran, 22, and Abdullah, 30, were found dead in Abbas Goth near Northern Bypass in the limits of Gulshan-
Published 14 Jun, 2013 12:00am
Telecom, IT fields: Pakistan can meet modern times' challenges: experts

Telecom, IT fields: Pakistan can meet modern times' challenges: experts

Experts on Thursday observed Pakistan can meet the modern day fast rising challenges with attaining technological development in telecom and IT fields. Speaking at the 6th Annual Pakistan Telecommunications Conference 2013 (TeleCON 2013), experts said the
Published 14 Jun, 2013 12:00am
Telecom, IT fields: Pakistan can meet modern times' challenges: experts

Telecom, IT fields: Pakistan can meet modern times' challenges: experts

Experts on Thursday observed Pakistan can meet the modern day fast rising challenges with attaining technological development in telecom and IT fields. Speaking at the 6th Annual Pakistan Telecommunications Conference 2013 (TeleCON 2013), experts said the
Published 14 Jun, 2013 12:00am
Seven hurt in PU-AL clash

Seven hurt in PU-AL clash

At least seven people were injured in a clash between activists of Peoples Unity and Air League at Karachi Airport on Thursday. Workers of Peoples Unity staged protest demonstrations outside Managing Director (MD) PIA secretariat over the issue of flight
Published 14 Jun, 2013 12:00am
EDB unveils CWS technology

EDB unveils CWS technology

Amid ongoing zest for locating an economically and environmentally viable coal technology to address the looming energy crisis, the Engineering Development Board (EDB) has identified Clean Coal Technology (CCT) to run country's existing power plants.
Published 14 Jun, 2013 12:00am
Clarification

Clarification

Apropos to a news item appeared Daily "Business Recorder" captioned "Tax liabilities: PTA's accounts frozen; Rs two billion recover" on June 6, 2013. It is clarified that FBR has made the forceful recovery of Rs 2.03 billion without any established right
Published 14 Jun, 2013 12:00am
Lafarge to provide affordable housing structures

Lafarge to provide affordable housing structures

As a major player in the cement industry in Pakistan, Lafarge has placed innovation and performance at the heart of its strategy and want to offer not only affordable housing but sustainable construction solutions accessible to everyone, said Amr Reda CEO
Published 14 Jun, 2013 12:00am
Rs 80 billion to be generated from direct taxes in 2013-14

Rs 80 billion to be generated from direct taxes in 2013-14

The new taxation measures of direct taxes would generate Rs 80 billion in 2013-14, including Rs 17 billion from enhancement in rate of minimum tax on turnover basis. It is learnt on Thursday that the revenue loss due to relief measures of direct taxes has
Published 14 Jun, 2013 12:00am
World Blood Donor Day today

World Blood Donor Day today

World Blood Donor Day will be observed today (June 14) under the theme of "Give the gift of life: donate blood" to raise awareness for safe blood and blood products and to thank voluntary unpaid blood donors. With the 10th anniversary of World Blood Donor
Published 14 Jun, 2013 12:00am
CEC meets Nawaz

CEC meets Nawaz

Chief Election Commissioner, former Justice Fakharuddin G Ebrahim, paid a courtesy call on Prime Minister Nawaz Sharif here on Thursday. Fakhruddin G Ebrahim congratulated Prime Minister Nawaz Sharif on his assumption of the office of Prime Minister. The
Published 14 Jun, 2013 12:00am
Acting SECP chief's counsel sends letter

Acting SECP chief's counsel sends letter

The Counsel for acting Chairman of Securities and Exchange Commission of Pakistan (SECP) on Thursday sent a letter to Secretary Finance as well as Deputy Secretary (Banking) Ministry of Finance to fulfill their statutory obligation in appointing the new C
Published 14 Jun, 2013 12:00am
Salaried class slightly burdened with extra IT

Salaried class slightly burdened with extra IT

The Federal Board of Revenue has slightly burdened the salaried class with extra income tax ranging between Rs 500 to Rs 10,000 per annum by introducing new slabs at serial number 1 to 6 whereas maximum relief in tax has been provided up to Rs 170,000 per
Published 14 Jun, 2013 12:00am
Killers of Usman won't be allowed to go scot-free: Imran

Killers of Usman won't be allowed to go scot-free: Imran

Pakistan Tehrik-e-Insaf (PTI) chairman, Imran Khan, on Thursday said that he would not let the killers of his party worker Usman Mirza, who was killed on May 11 in Rawalpindi allegedly by rival political party workers, to go scot-free. He stated this whil
Published 14 Jun, 2013 12:00am
Saad resolves to revive Railways with help of employees

Saad resolves to revive Railways with help of employees

Federal Minister for Railways Khawaja Saad Rafique has expressed grave concerns over severe financial crunch in Pakistan Railways, but expressed his firm resolve to revive this national institution with the co-operation of Railways' employees and by worki
Published 14 Jun, 2013 12:00am
FAP terms budget disappointing for agriculture sector

FAP terms budget disappointing for agriculture sector

Farmers Associates Pakistan (FAP) President Dr Tariq Bucha has said the proposed federal budget is very disappointing for the agricultural sector. There is no allocation mentioned for agricultural development except generally touching upon things related
Published 14 Jun, 2013 12:00am
FAP terms budget disappointing for agriculture sector

FAP terms budget disappointing for agriculture sector

Farmers Associates Pakistan (FAP) President Dr Tariq Bucha has said the proposed federal budget is very disappointing for the agricultural sector. There is no allocation mentioned for agricultural development except generally touching upon things related
Published 14 Jun, 2013 12:00am
Flood suspends Mingora-Kanju road link

Flood suspends Mingora-Kanju road link

River Swat was still in medium flood while the flash water had washed away a part of Ayub Bridge, which link Mingora city with Kanju resulting in the suspension of land route of 0.7 million residents of Tehsil Kabal and Matta with the district head quarte
Published 14 Jun, 2013 12:00am
Raise in GST may lead to corruption, under-invoicing: PTA

Raise in GST may lead to corruption, under-invoicing: PTA

Pakistan Tanners Association (PTA), while expressing concern over the proposed increase in the general sales tax from 16 percent to 17 percent in the federal budget 2013-14 to improve revenue target, has said it could lead to corruption and under-invoicin
Published 14 Jun, 2013 12:00am
Raise in GST may lead to corruption, under-invoicing: PTA

Raise in GST may lead to corruption, under-invoicing: PTA

Pakistan Tanners Association (PTA), while expressing concern over the proposed increase in the general sales tax from 16 percent to 17 percent in the federal budget 2013-14 to improve revenue target, has said it could lead to corruption and under-invoicin
Published 14 Jun, 2013 12:00am
Prime Minister will undertake first official visit to Nandipur project

Prime Minister will undertake first official visit to Nandipur project

Prime Minister Nawaz Sharif has decided to undertake his first official visit to the much-delayed 425-megawatt Nandipur Hydropower Project on Saturday (tomorrow) to witness physical development work, officials told Business Recorder on Thursday. In
Published 14 Jun, 2013 12:00am
KBP chief criticises raise in ST

KBP chief criticises raise in ST

Kisan Board Pakistan (KBP) Chief Sardar Zafar Hussein Khan strongly reacting to the proposed budget for 2013-14 said that one percent increase in Sales Tax will result in five percent hike in the price of agricultural inputs. Hike in electricity tariff, i
Published 14 Jun, 2013 12:00am
KBP chief criticises raise in ST

KBP chief criticises raise in ST

Kisan Board Pakistan (KBP) Chief Sardar Zafar Hussein Khan strongly reacting to the proposed budget for 2013-14 said that one percent increase in Sales Tax will result in five percent hike in the price of agricultural inputs. Hike in electricity tariff, i
Published 14 Jun, 2013 12:00am
Senior officers pay surprise visit to police stations

Senior officers pay surprise visit to police stations

In order to check illegal confinement in police stations and review the over all performance of the police, the Inspector General of Police has constituted an inspection team consists of senior police officers of Central Police Office (CPO). The team has
Published 14 Jun, 2013 12:00am
'Concrete policy sought to end child labour'

'Concrete policy sought to end child labour'

Speakers at a seminar on "Child Labour" have called on the government to take effective steps for elimination of child labour and suggested that a concrete policy should be formulated with consultation of relevant stakeholders to address this issue. The s
Published 14 Jun, 2013 12:00am
Pakistani exporters apprised of opportunities in US market

Pakistani exporters apprised of opportunities in US market

Pakistani exporters learned on Thursday about opportunities to sell over 3,500 products duty-free in the United States at a seminar jointly sponsored by the US and Pakistani governments. Exporters from Peshawar, Karachi, Rawalpindi, Islamabad, and the Fed
Published 14 Jun, 2013 12:00am
Taxation measures to trigger inflation, corruption: PEW

Taxation measures to trigger inflation, corruption: PEW

The Pakistan Economy Watch (PEW) on Thursday criticised new taxation measures introduced in the budget as it will open floodgates of inflation and corruption. Revised Sales Tax (ST) rate from 16 percent to 17 percent will add to the miseries of dejected m
Published 14 Jun, 2013 12:00am
Taxation measures to trigger inflation, corruption: PEW

Taxation measures to trigger inflation, corruption: PEW

The Pakistan Economy Watch (PEW) on Thursday criticised new taxation measures introduced in the budget as it will open floodgates of inflation and corruption. Revised Sales Tax (ST) rate from 16 percent to 17 percent will add to the miseries of dejected m
Published 14 Jun, 2013 12:00am
Mehdi Hasan's first death anniversary observed

Mehdi Hasan's first death anniversary observed

Ghazal singer Mehdi Hassan Khan's first death anniversary was observed on Thursday. Mehdi Hassan was born on July 18, 1927 in a village called Luna, in the Indian state of Rajasthan into a family of traditional musicians. He was awarded KL Saigal Sangeet
Published 14 Jun, 2013 12:00am
Accused involved in FIA prosecutor's murder arrested

Accused involved in FIA prosecutor's murder arrested

The capital police on Thursday arrested a person allegedly involved in the murder of Federal Investigation Agency (FIA) special prosecutor, Chaudhary Zulfiqar. Police sources said that Margalla police arrested Umer Abdullah, son of a retired army officer,
Published 14 Jun, 2013 12:00am
No allocation for Islamabad and Peshawar safe city project

No allocation for Islamabad and Peshawar safe city project

The government has allocated Rs 4479.618 million for 92 on-going schemes of Interior Ministry and its attached departments in budget 2013-14, which was launched by the previous government. However, no allocation has been made for Rs 21 billion's safe city
Published 14 Jun, 2013 12:00am
Air Chief calls on Prime Minister

Air Chief calls on Prime Minister

Chief of Air Staff Air Chief Marshal Tahir Rafique Butt called on Prime Minister Muhammad Nawaz Sharif on Thursday. The Air Chief briefed the Prime Minister about professional matters relating to the Pakistan Air Force.
Published 14 Jun, 2013 12:00am
Khyber Pakhtunkhwa opposition terms budget 'anti-people'

Khyber Pakhtunkhwa opposition terms budget 'anti-people'

Leaders of opposition parties have criticised that the government has ignored the Khyber Pakhtunkhwa and Fata in federal budget 2013-14, termed that it was not a people friendly budget. Talking to Business Recorder the Provincial Information Secret
Published 14 Jun, 2013 12:00am
CNG stations in Sindh to remain closed on alternate days

CNG stations in Sindh to remain closed on alternate days

Sui Southern Gas Company Limited (SSGC) has said that CNG stations across Sindh province will remain closed on every alternate day for 24 hours, a private TV channel said. The company said that the new schedule will be effective from the next week. On the
Published 14 Jun, 2013 12:00am
Workers' killing: MQM to observe 'day of mourning' today

Workers' killing: MQM to observe 'day of mourning' today

Muttahida Qaumi Movement (MQM) on Thursday announced to observe 'day of mourning' on Friday (today), against the killing of party workers and missing of eight activists. Addressing a news conference at party's headquarter, Nine Zero, MQM Deputy Convenor D
Published 14 Jun, 2013 12:00am
EU files WTO complaint over Chinese stainless steel duty

EU files WTO complaint over Chinese stainless steel duty

The European Union lodged a complaint at the World Trade Organisation on Thursday against China''s imposition of anti-dumping duties on imports of stainless steel tubes, six months after Japan filed a similar case, the WTO said. The complaint centres on h
Published 14 Jun, 2013 12:00am
EU files WTO complaint over Chinese stainless steel duty

EU files WTO complaint over Chinese stainless steel duty

The European Union lodged a complaint at the World Trade Organisation on Thursday against China's imposition of anti-dumping duties on imports of stainless steel tubes, six months after Japan filed a similar case, the WTO said. The complaint centres on hi
Published 14 Jun, 2013 12:00am
EU files WTO complaint over Chinese stainless steel duty

EU files WTO complaint over Chinese stainless steel duty

The European Union lodged a complaint at the World Trade Organisation on Thursday against China's imposition of anti-dumping duties on imports of stainless steel tubes, six months after Japan filed a similar case, the WTO said. The complaint centres on hi
Published 14 Jun, 2013 12:00am
Four people shot dead in US

Four people shot dead in US

Four people - two men and two women - were killed Thursday in a shooting at a business in the midwestern US city of St. Louis, police said. "There are 4 adult victims, 2 male and 2 female, confirmed dead at a scene of a shooting in the 2700 block of Chero
Published 14 Jun, 2013 12:00am
US Senate rejects Republican effort to gut immigration bill

US Senate rejects Republican effort to gut immigration bill

A landmark immigration bill survived a major challenge in the Senate on Thursday when its bipartisan "Gang of Eight" sponsors beat back an amendment that would have delayed a pathway to citizenship for 11 million illegal residents. The proposal by Iowa Re
Published 14 Jun, 2013 12:00am
World population to hit 10.9 billion by 2100: UN

World population to hit 10.9 billion by 2100: UN

The world's population will hit 7.2 billion next month and is projected to reach 10.9 billion by 2100, powered by births in poor countries, the United Nations said Thursday. But, with the number of future global dwellers linked to fertility, the number at
Published 14 Jun, 2013 12:00am
World population to hit 10.9 billion by 2100: UN

World population to hit 10.9 billion by 2100: UN

The world's population will hit 7.2 billion next month and is projected to reach 10.9 billion by 2100, powered by births in poor countries, the United Nations said Thursday. But, with the number of future global dwellers linked to fertility, the number at
Published 14 Jun, 2013 12:00am
The Weather

The Weather

The weather report on Thursday (June 13, 2013) and the forecast for Friday (June 14, 2013).
Published 14 Jun, 2013 12:00am
Britons'' net incomes fall to lowest since 2001-02

Britons'' net incomes fall to lowest since 2001-02

Britons'' real net incomes fell to their lowest level in a decade in the year ending in March 2012, annual data from the country''s labour ministry showed on Wednesday. Average net incomes including social benefits fell 3 percent during the 2011/12 tax ye
Published 14 Jun, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (June 13, 2013).
Published 14 Jun, 2013 12:00am
Britons' net incomes fall to lowest since 2001-02

Britons' net incomes fall to lowest since 2001-02

Britons' real net incomes fell to their lowest level in a decade in the year ending in March 2012, annual data from the country's labour ministry showed on Wednesday. Average net incomes including social benefits fell 3 percent during the 2011/12 tax year
Published 14 Jun, 2013 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.
Published 14 Jun, 2013 12:00am
Britons' net incomes fall to lowest since 2001-02

Britons' net incomes fall to lowest since 2001-02

Britons' real net incomes fell to their lowest level in a decade in the year ending in March 2012, annual data from the country's labour ministry showed on Wednesday. Average net incomes including social benefits fell 3 percent during the 2011/12 tax year
Published 14 Jun, 2013 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.
Published 14 Jun, 2013 12:00am
Outlook for global food markets improves: UN

Outlook for global food markets improves: UN

The overall outlook for supplies of basic food commodities to global markets has improved since poor wheat harvest and tight conditions a year ago,the UN's food agency said on Thursday. The cereal supply-and-demand balance in the 2013-2014 season was expe
Published 14 Jun, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (June 13, 2013).
Published 14 Jun, 2013 12:00am
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