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Dec 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-06-22
Won leads regional falls

Won leads regional falls

The South Korean won led declines among emerging Asian currencies on Friday, with some regional units poised for their worst weekly losses in years as a prospective cut in Federal Reserve easy money spurred worries about capital outflows. The won hit a on
Published 22 Jun, 2013 12:00am
Australian and New Zealand dollars find some respite

Australian and New Zealand dollars find some respite

The Australian and New Zealand dollars found a brief respite from selling on Friday with speculators seemingly satiated for the moment, but the Aussie was still headed for its worst week in more than a year. The action was a little calmer on Friday with t
Published 22 Jun, 2013 12:00am
Sterling slides versus dollar

Sterling slides versus dollar

Sterling was on track for its worst weekly performance in four months on Friday as the dollar rallied after the US Federal Reserve called time on its monetary stimulus programme. Conversely Mark Carney, who takes over as Bank of England governor next mont
Published 22 Jun, 2013 12:00am
Kosovan minister first to visit Serbia since secession

Kosovan minister first to visit Serbia since secession

A former translator for war reporters became the first minister of an independent Kosovo to visit ex-master Serbia on Friday, speaking publicly of the fear she once had of Belgrade in the latest gesture of rapprochement between the Balkan neighbours. Vlor
Published 22 Jun, 2013 12:00am
Greek party quits coalition over state TV debacle

Greek party quits coalition over state TV debacle

The smallest party in Greece's ruling coalition pulled out of the government on Friday after a row over the abrupt closure of the state broadcaster, leaving Prime Minister Antonis Samaras with a tiny majority in parliament. After talks on resuming broadca
Published 22 Jun, 2013 12:00am
China and Taiwan ink pact to liberalise services

China and Taiwan ink pact to liberalise services

China and Taiwan on Friday signed a pact to further open trade in services, the two sides said, the latest in a series of economic agreements reached against a backdrop of improved relations. Ties between the mainland and Taiwan have improved significantl
Published 22 Jun, 2013 12:00am
Turkish PM hits campaign trail, harangues protesters

Turkish PM hits campaign trail, harangues protesters

Turkish Prime Minister Tayyip Erdogan addressed thousands of cheering supporters in the conservative stronghold of Kayseri on Friday, appealing to grassroots followers after weeks of often violent protest against him and his government. A sea of flags fil
Published 22 Jun, 2013 12:00am
10 dead in latest Mumbai building collapse

10 dead in latest Mumbai building collapse

An apartment block collapsed in Mumbai's outskirts Friday, killing at least 10 people in the latest deadly incident to fuel concerns about the quality of construction in the booming Indian city. Rescue workers were using hand-held wire cutters and excavat
Published 22 Jun, 2013 12:00am
Taliban guerrillas welcome Qatar office but fight on

Taliban guerrillas welcome Qatar office but fight on

Taliban guerrillas on Friday hailed the rebels' new office in Qatar as evidence of their success on the battlefield but vowed to fight on until all US forces leave Afghanistan. The opening of the office in Qatar was seen as a first step towards a peace de
Published 22 Jun, 2013 12:00am
North Korea warns of war with talks offer

North Korea warns of war with talks offer

A top North Korean envoy said Friday that US hostility could "lead to war any time" but he repeated an offer of talks with that he said could include discussion of nuclear weapons. The isolated, authoritarian state's UN ambassador Sin Son-Ho told a rare n
Published 22 Jun, 2013 12:00am
Governments weaken EU tobacco curbs to secure agreement

Governments weaken EU tobacco curbs to secure agreement

European Union health ministers agreed on Friday to ease tough planned restrictions on tobacco products to overcome opposition from some governments to the draft rules. The ministers rejected a ban on slim cigarettes proposed by the bloc's executive, the
Published 22 Jun, 2013 12:00am
Palestinian Prime Minister withdraws resignation after Abbas talks

Palestinian Prime Minister withdraws resignation after Abbas talks

Palestinian premier Rami Hamdallah on Friday withdrew an offer to quit a day after presenting it to president Mahmud Abbas, an official said, just two weeks after the government took the oath. Hamdallah emerged from a "positive" two-hour meeting with Abba
Published 22 Jun, 2013 12:00am
Hagel apologises to professor over Taliban joke

Hagel apologises to professor over Taliban joke

US Defence Secretary Chuck Hagel has expressed regret to a professor of Indian descent, officials said Friday, after he appeared to jokingly ask if the academic was a member of the Taliban. Hagel's spokesman insisted the off-hand remark, which came after
Published 22 Jun, 2013 12:00am
Obama nominates Comey as new FBI chief

Obama nominates Comey as new FBI chief

President Barack Obama on Friday nominated Jim Comey as director of the FBI, and poured effusive praise on the man he will replace, Robert Mueller, who took over before the September 11 attacks in 2001. Comey, 52, a former deputy attorney general under fo
Published 22 Jun, 2013 12:00am
Bulgarian president backs protests, says lawmakers must listen

Bulgarian president backs protests, says lawmakers must listen

Bulgaria's president on Friday praised week-long protest rallies against corruption and a lack of transparency in the Balkan country and said politicians must heed the demonstrators' demands for reform. Thousands of mainly younger, well-educated Bulgarian
Published 22 Jun, 2013 12:00am
Sri Lanka imposes new gold import tax

Sri Lanka imposes new gold import tax

Sri Lanka announced a 10 percent tax on gold imports Friday in what observers said was a bid to curb smuggling to India as global markets trading in the precious metal reported sharp price drops to 2010 levels. Earlier this week India - the world's larges
Published 22 Jun, 2013 12:00am
Sri Lanka imposes new gold import tax

Sri Lanka imposes new gold import tax

Sri Lanka announced a 10 percent tax on gold imports Friday in what observers said was a bid to curb smuggling to India as global markets trading in the precious metal reported sharp price drops to 2010 levels. Earlier this week India - the world's larges
Published 22 Jun, 2013 12:00am
Rescuers battle on as Indian monsoon toll nears 600

Rescuers battle on as Indian monsoon toll nears 600

Rescuers recovered scores of bodies from the Ganges river in northern India Friday, as the death toll from flash floods and landslides neared 600, with thousands of mainly pilgrims and tourists still stranded or missing. Dozens of helicopters and thousand
Published 22 Jun, 2013 12:00am
US drug agent killed in Colombia

US drug agent killed in Colombia

A US Drug Enforcement Administration agent was stabbed to death Friday in Bogota while fighting off an apparent robbery attempt, Colombian police and US officials said. Agent James "Terry" Watson was a 13-year veteran of the DEA who had served on dangerou
Published 22 Jun, 2013 12:00am
Big crowd rallies for 'legitimate' Morsi

Big crowd rallies for 'legitimate' Morsi

Tens of thousands of Islamist supporters of Egyptian President Mohamed Morsi gathered in Cairo after Friday prayers to show support for the elected head of state before protests that his opponents hope can force him from office. Crowds converged on a mosq
Published 22 Jun, 2013 12:00am
5.2-magnitude quake felt across northern Italy

5.2-magnitude quake felt across northern Italy

A 5.2-magnitude earthquake hit Tuscany on Friday and was felt across northern Italy from Bologna to Florence, the civil protection agency said, adding that no life-threatening injuries were reported. Three people were lightly injured by falling masonry du
Published 22 Jun, 2013 12:00am
Britain approves Abu Qatada treaty

Britain approves Abu Qatada treaty

A treaty intended to clear the way to deporting radical cleric Abu Qatada to Jordan has passed into law in Britain. The agreement, announced by Home Secretary Theresa May in April, aims to allay fears that evidence extracted through torture will be used a
Published 22 Jun, 2013 12:00am
Indonesia deploys aircraft as Singapore haze hits record

Indonesia deploys aircraft as Singapore haze hits record

Indonesia deployed aircraft Friday to artificially create rain in a bid to douse raging fires that have choked Singapore with smog, which is hitting record-breaking levels that pose a threat to the elderly and the ill. At a late-night emergency meeting, P
Published 22 Jun, 2013 12:00am
Rousseff holds crisis talks on Brazil's mass protests

Rousseff holds crisis talks on Brazil's mass protests

Brazil's embattled president, Dilma Rousseff, held crisis talks on Friday to weigh how to respond to two weeks of mass street protests that erupted a year ahead of the World Cup. An estimated 1.25 million people marched in scores of cities on Thursday to
Published 22 Jun, 2013 12:00am
Floods cripple Canada's oil capital

Floods cripple Canada's oil capital

The heaviest floods in decades shut down the Canadian oil capital of Calgary on Friday, closing roads and bringing down bridges across southern Alberta, and forcing tens of thousands of residents to leave their soggy homes. There were no reports of deaths
Published 22 Jun, 2013 12:00am
Wild weather hits flights across New Zealand

Wild weather hits flights across New Zealand

Air transport across New Zealand was disrupted Friday as gale force winds lashed much of the country, uprooting trees, causing power blackouts and closing roads. Air New Zealand cancelled all flights to and from the capital Wellington for much of the day
Published 22 Jun, 2013 12:00am
Putin talks in whisper after Merkel 'loud' rebuke

Putin talks in whisper after Merkel 'loud' rebuke

President Vladimir Putin on Friday reduced his voice to a whisper at a major economic forum after German Chancellor Angela Merkel accused the Russian strongmman of often talking "loudly. "The Russian leader not always expresses himself quietly, sometimes
Published 22 Jun, 2013 12:00am
Wambach's four-goal outburst sets world record

Wambach's four-goal outburst sets world record

Abby Wambach became the all-time leading goal scorer in international men's or women's football Thursday with four goals to secure a 5-0 friendly triumph for the United States over South Korea. The 33-year-old striker broke the old all-time world mark of
Published 22 Jun, 2013 12:00am
Nadal and Murray in Federer's way at Wimbledon

Nadal and Murray in Federer's way at Wimbledon

Roger Federer faces a tough road to another Wimbledon final after Friday's draw threw Rafa Nadal and home favourite Andy Murray into the champion's path and cleared the way for world number one Novak Djokovic. The third seed could face Spaniard Nadal, see
Published 22 Jun, 2013 12:00am
Technology unlocks gate to Wimbledon's English garden

Technology unlocks gate to Wimbledon's English garden

Wimbledon, the world's oldest tennis championship, is embracing new technology with an iPad app to appeal to a younger audience. The app allows users to navigate around the grounds via a photographic map, zooming in on specific courts to get updates on th
Published 22 Jun, 2013 12:00am
Clarke praises 'amazing' Ponting

Clarke praises 'amazing' Ponting

Australian captain Michael Clarke has paid tribute to the "amazing" Ricky Ponting after his former skipper announced his retirement from all forms of the game. Ponting, one of the outstanding batsmen of his generation, announced on Thursday he would quit
Published 22 Jun, 2013 12:00am
Centurion Forlan sets Uruguay on course

Centurion Forlan sets Uruguay on course

Diego Forlan marked his 100th international appearance with a magnificent winning goal as Uruguay closed on the Confederations Cup semi-finals by beating chief Group B rivals Nigeria 2-1 in Salvador on Thursday. The 34-year-old completed a sweeping move i
Published 22 Jun, 2013 12:00am
Spain romp to record 10-0 win over Tahiti

Spain romp to record 10-0 win over Tahiti

Spain broke the record for the biggest margin of victory at the final phase of a FIFA tournament by crushing minnows 10-0 Tahiti at the Confederations Cup in Rio de Janeiro on Thursday. Fernando Torres scored four times and David Villa claimed a hat-trick
Published 22 Jun, 2013 12:00am
Hampton to face Vesnina in Eastbourne final

Hampton to face Vesnina in Eastbourne final

American qualifier Jamie Hampton will line up in the first final of her career against Russian Elena Vesnina in a first-time meeting for the title at the pre-Wimbledon ATP-WTA Eastbourne International on Saturday. The 41st-ranked Hampton earned her place
Published 22 Jun, 2013 12:00am
Russia cracks down on hooligans

Russia cracks down on hooligans

Russia's parliament on Friday backed harsher punishments for football hooliganism, including a seven-year ban for blacklisted fans, in a bid to combat violence at stadiums ahead of its hosting of the 2018 World Cup. The lower house of parliament, the Stat
Published 22 Jun, 2013 12:00am
Dharmasena and Tucker to stand in final

Dharmasena and Tucker to stand in final

Sri Lanka's Kumar Dharmasena and Australia's Rod Tucker will umpire the Champions Trophy final between England and India at Edgbaston on Sunday, the International Cricket Council (ICC) announced Friday in a statement. Dharmasena, the ICC's umpire of the y
Published 22 Jun, 2013 12:00am
Trott hopes for Champions Trophy final boost

Trott hopes for Champions Trophy final boost

Jonathan Trott hopes England's Champions Trophy final against India at Edgbaston on Sunday can lay the platform for the remainder of a successful season. Trott, third in the list of the tournament's leading run-scorers with his 209 runs behind only that o
Published 22 Jun, 2013 12:00am
Pietersen admits mistakes

Pietersen admits mistakes

Kevin Pietersen admitted Friday he'd made mistakes over the incident that saw him dropped by England on disciplinary grounds last season before he returned to the side. Former England captain Pietersen returned to competitive cricket after three months ou
Published 22 Jun, 2013 12:00am
India may push another 2 million tonnes of wheat exports via tenders

India may push another 2 million tonnes of wheat exports via tenders

India could add another 2 million tonnes of wheat for export in a successful tender scheme as private traders shun more expensive direct sales, bringing the total offered to 6.5 million tonnes. The decision, which could dampen global prices further and he
Published 22 Jun, 2013 12:00am
Shanghai copper drops

Shanghai copper drops

The most-traded copper contract on the Shanghai Futures Exchange dropped 0.80 percent to 49,520 yuan a tonne on Friday. It earlier fell to its weakest since late April, at 48,390 yuan. "If you look at all the indicators, China is not doing well. The econo
Published 22 Jun, 2013 12:00am
Copper gains but 20-month lows in sight on China woes

Copper gains but 20-month lows in sight on China woes

Copper rose off a 20-month low on Friday but remained on track for a third weekly fall largely due to fears of a slowdown in China's economic growth. Three-month copper on the London Metal Exchange was last bid up 0.71 percent at $6,818 a tonne, off an in
Published 22 Jun, 2013 12:00am
Oil keeps falling

Oil keeps falling

Oil slid for a second day in choppy trade on Friday, with Brent heading for its biggest two-day drop in a year as the US dollar rallied and traders feared slower oil demand in China and diminished investor demand in the United States. Crude fell for a thi
Published 22 Jun, 2013 12:00am
Tokyo rubber futures tumble

Tokyo rubber futures tumble

Tokyo rubber futures followed swings in Asian share markets on Friday, tumbling 4 percent to a 9-month low in early trade before partly recovering losses, supported by firm oil prices, dealers said. The benchmark rubber contract on the Tokyo Commodity Exc
Published 22 Jun, 2013 12:00am
Grains down

Grains down

US grain prices fell on Thursday amid a broad-based commodity selloff and a firming dollar, a day after the US Federal Reserve signalled it was ready to slow down the pace of bond purchases. The Fed news sent shock waves across all the financial markets.
Published 22 Jun, 2013 12:00am
Palm oil falls

Palm oil falls

Malaysian palm oil futures fell to a one-week low on Friday, tracking a selloff in global markets, although rising demand and a weak ringgit provided support and capped losses. Investors avoided taking risky positions in the tropical oil after equities an
Published 22 Jun, 2013 12:00am
ICE sugar and coffee consolidate higher

ICE sugar and coffee consolidate higher

ICE arabica coffee futures consolidated higher in thin volume on Friday, a day after tumbling to a four-year low as commodities took a hit and investors grappled with the changing outlook for the Federal Reserve's monetary policy. ICE Futures US raw sugar
Published 22 Jun, 2013 12:00am
Gold plunges in New York

Gold plunges in New York

Gold plunged over 5 percent to its lowest in three years on Thursday, leading a global market rout one day after the US Federal Reserve gave its most explicit signal yet it plans to wind down the era of easy money. Losses snowballed throughout the day, tr
Published 22 Jun, 2013 12:00am
Gold up in Asia

Gold up in Asia

Gold recovered from a three-year trough on Friday as lower prices attracted Chinese buyers and as Asian stocks fell, but the metal was still headed for its worst week in nearly two years after the Federal Reserve said it would curb stimulus. Spot gold was
Published 22 Jun, 2013 12:00am
Gold recovers in Europe

Gold recovers in Europe

Gold recovered some ground to trade more than 1 percent higher on Friday after earlier hitting near-three-year lows, but stayed on track for its biggest weekly drop in almost two years after the US Federal Reserve signalled an end to easy money. The preci
Published 22 Jun, 2013 12:00am
US MIDDAY: corn falls

US MIDDAY: corn falls

US corn futures fell on Friday in thin trade, pressured by softening cash values and outlooks for optimal crop weather in the Midwest, traders said. Nearby soyabeans were choppy but new-crop November futures on the Chicago Board of Trade hit a one-month l
Published 22 Jun, 2013 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose 1.3 percent early on Friday, rebounding from nearly a three-year low earlier, but for the week it still dropped the most in nearly two years after the US Federal Reserve's most explicit indication to end its stimulus sparked a global market rout
Published 22 Jun, 2013 12:00am
Call for excluding tiles industry from Third Schedule

Call for excluding tiles industry from Third Schedule

All Pakistan Ceramic Tiles Manufacturers (APCTM) have pleaded to the Federal Board of Revenue (FBR) not to include tiles industry in the Third Schedule of the Sales Tax Act 1990. Representatives of the industry met Chairman FBR Ansar Javed on Friday to pl
Published 22 Jun, 2013 12:00am
PTCL launches 'Experia Summer Programme 2013'

PTCL launches 'Experia Summer Programme 2013'

Pakistan Telecommunications Company Limited (PTCL) launches 'Experia Summer Programme 2013', an extensive learning and development platform for the students of top Pakistani universities. The six-week long rigorous internship program hosts a good mix of f
Published 22 Jun, 2013 12:00am
Three-day exhibition of women entrepreneurs concludes

Three-day exhibition of women entrepreneurs concludes

Three-day inter-provincial exhibition of the products of women entrepreneurs under the joint collaboration of Women Business Development Centre (WBDC), Peshawar and Swat concluded here in a local hotel. The three-day exhibition was given the name of Summe
Published 22 Jun, 2013 12:00am
Mining sector: Balochistan seeks to invite investors

Mining sector: Balochistan seeks to invite investors

Balochistan Chief Minister Dr Abdul Malik Baloch has said that his government would call donors and investors conference to attract investment in mineral sector of the province.
Published 22 Jun, 2013 12:00am
LMUH holds 'Basic Life Support' workshop

LMUH holds 'Basic Life Support' workshop

Liaquat Medical University Hospital Jamshoro (LMUH) organised a workshop on "Basic Life Support" (BLS) at "Harchand Rai Skill Lab" Ward 13, under the supervision of Professor Bikharam, the doctors from different districts of Sindh participated. The Vice C
Published 22 Jun, 2013 12:00am
USAID, Pesco join hands to minimise loadshedding

USAID, Pesco join hands to minimise loadshedding

The United States Agency for International Development (USAID) on Thursday launched two new activities to minimise unscheduled loadshedding for Peshawar Electric Supply Company (Pesco) and customers, while enable better planning around shortages.
Published 22 Jun, 2013 12:00am
Khyber Pakhtunkhwa to introduce traffic management system

Khyber Pakhtunkhwa to introduce traffic management system

The provincial government of Khyber Pakhtunkhwa has decided in principle to introduce a traffic management system to streamline the traffic and a sophisticated security and surveillance system to check criminal activities and to curb the same in the metro
Published 22 Jun, 2013 12:00am
Gunmen kill two tribal elders in Bajaur

Gunmen kill two tribal elders in Bajaur

Unidentified militants killed two pro-government tribal elders in Bajaur Agency late on Thursday night. About a dozen militants attacked the homes of two tribal elders near Khar, the headquarters of Bajaur tribal agency. The two elders, who were members o
Published 22 Jun, 2013 12:00am
Urban drainage of Nawabshah: directives to complete scheme by year-end

Urban drainage of Nawabshah: directives to complete scheme by year-end

Divisional Commissioner Hyderabad Jamal Mustafa Syed has directed to the officers concerned to complete urban drainage scheme of Nawabshah before the end of this year so that people of this city could be benefited accordingly. This he said while briefing
Published 22 Jun, 2013 12:00am
Law and order in Karachi chronic issue: Sharjeel

Law and order in Karachi chronic issue: Sharjeel

Sindh Minister for Information Sharjeel Inam Memon has said that matter of law and order in Karachi was chronic and inherited by the PPP government. He said that since the PPP was efficiently fighting with the terrorists and miscreants in Karachi and made
Published 22 Jun, 2013 12:00am
Finance Bill 2013: Senate panel for comprehensive amendments

Finance Bill 2013: Senate panel for comprehensive amendments

Senate Standing Committee on Finance recommendations in the Finance Bill (2013-14) were forwarded to the National Assembly on Friday recommending State Bank of Pakistan (SBP) access to Swiss bank accounts of Pakistanis, restoration of fiscal relief packag
Published 22 Jun, 2013 12:00am
Supreme Court takes notice of journalist's abduction

Supreme Court takes notice of journalist's abduction

Chief Justice of Pakistan, Justice Iftikhar Muhammad Chaudhry took notice on an application of Ms Saeeda Sarbazi r/o Karachi registered through Human Rights Cell of Supreme Court of Pakistan, Islamabad. The applicant stated in her application that her bro
Published 22 Jun, 2013 12:00am
President, Prime Minister condemn Peshawar blast

President, Prime Minister condemn Peshawar blast

President Asif Ali Zardari and Prime Minister Mian Nawaz Sharif have strongly condemned the attack on a madrassah in Gulshan Colony Peshawar on Friday resulting into the loss of precious lives while injuring many others. While strongly condemning the atta
Published 22 Jun, 2013 12:00am
Supreme Court allows a week to respondents in Nandipur case

Supreme Court allows a week to respondents in Nandipur case

The Supreme Court on Friday allowed a week to respondents in the petition on the delay in the execution of Nandipur and Chicho-ki-Malian power plants. The respondents in the case included Babar Awan, three former law secretaries, including incumbent Feder
Published 22 Jun, 2013 12:00am
Brief on Provincial Budgets

Brief on Provincial Budgets

General: This note summarises salient features of the provincial governments' budgets and the Finance Bills presented in the provincial assemblies of Sindh and Punjab. Under the Constitution, taxing rights on rendering of services and immovable pro
Published 22 Jun, 2013 12:00am
Brief on Provincial Budgets

Brief on Provincial Budgets

General: This note summarises salient features of the provincial governments' budgets and the Finance Bills presented in the provincial assemblies of Sindh and Punjab. Under the Constitution, taxing rights on rendering of services and immovable pro
Published 22 Jun, 2013 12:00am
Khyber Pakhtunkhwa Governor announces scholarship for Fata girls

Khyber Pakhtunkhwa Governor announces scholarship for Fata girls

Khyber-Pakhtunkhwa Governor, Engineer Shaukatullah, has given go ahead to the respective authorities to work in emergency like situation for materialization of demand-oriented projects for development of education system in Fata; fully augment the existin
Published 22 Jun, 2013 12:00am
Motorway police recover five stolen vehicles

Motorway police recover five stolen vehicles

National Highways and Motorway Police (NH&MP) has recovered five stolen/snatched vehicles and arrested six culprits on Friday. As per details, a citizen named Havaldar Matiullah from Mangla Cantt. informed the Motorway Police that a white colour Toyota Hi
Published 22 Jun, 2013 12:00am
MQM announces three-day mourning

MQM announces three-day mourning

Muttahida Quami Movement (MQM) while strongly condemning the brutal assassination of party's MPA, Sajid Qureshi, along with his son, Waqas Qureshi, in Karachi on Friday announced to observe three-day mourning across the country. The decision was taken by
Published 22 Jun, 2013 12:00am
Talks on political reforms in Fata today

Talks on political reforms in Fata today

The Fata Grand Assembly will be organised on Saturday (today) to form a consensus regarding challenges with the implementation of already enacted political reforms in Fata at a hotel here. The Shaheed Bhutto Foundation (SBF), a non-profit, apolitical and
Published 22 Jun, 2013 12:00am
Call for incentives to small growers, subsidies on agriculture inputs

Call for incentives to small growers, subsidies on agriculture inputs

Participants at a seminar on "the proposed new Agriculture Policy" have called for extending maximum incentives to small growers, subsidies on agriculture inputs and distribution of lands among them. They also demanded it should also take effective measur
Published 22 Jun, 2013 12:00am
Finance Bill 2013: SECP voices concern

Finance Bill 2013: SECP voices concern

The Securities and Exchange Commission of Pakistan (SECP) has expressed concern over certain amendments proposed in the Finance Bill (2013) which would hurt the financial services industry. Sources told Business Recorder on Friday that the Acting C
Published 22 Jun, 2013 12:00am
Etihad tops skytrax awards

Etihad tops skytrax awards

Etihad Airways has swept the Skytrax World Airline Awards' First Class category, receiving all three awards, for the second year in a row. The Abu Dhabi-based airline took home the coveted title of Best First Class for the fourth consecutive year, as well
Published 22 Jun, 2013 12:00am
World Music Day celebrated

World Music Day celebrated

The World Music Day is celebrated annually on June 21 and has turned into a world-wide phenomenon as countries around the world enjoy the day in their own way. The day also refers to 'Fete de la Musique' which was a music festival began in France in 1982.
Published 22 Jun, 2013 12:00am
Partly Facetious: Dar is like Rehman Malik

Partly Facetious: Dar is like Rehman Malik

"Dar let down the people of this country with his budget and perhaps single-handedly would cost the party votes in the next elections if he is allowed to continue."
Published 22 Jun, 2013 12:00am
JI urges government to announce new budget

JI urges government to announce new budget

Jamaat-e-Islami (JI) termed the first budget of Nawaz-led government, a failure, as it does not please and satisfy the common men and the traders' community. This was stated by JI General Secretary Liaquat Baloch while addressing a post-budget seminar, or
Published 22 Jun, 2013 12:00am
Multan Chamber hails Supreme Court judgement on GST

Multan Chamber hails Supreme Court judgement on GST

Hailing the judgement of Supreme Court of Pakistan in which it declared one percent increase in general sales tax (GST) as unconstitutional and ordered immediate withdrawal of the hike, Acting President of Multan Chamber of Commerce and Industry (MCCI) Ba
Published 22 Jun, 2013 12:00am
Minister seeks demand-supply data from Discos

Minister seeks demand-supply data from Discos

Punjab Energy Minister Chaudhry Sher Ali Khan has directed the Chief Executive Officers of power distribution companies in Punjab to provide a complete data of demand and supply situation of the electricity within a week for the purpose of evolving a comp
Published 22 Jun, 2013 12:00am
Construction of schools: Nespak wins Usaid-funded project in Sindh

Construction of schools: Nespak wins Usaid-funded project in Sindh

National Engineering Services Pakistan (Nespak) has won architectural and engineering services for the USAID Funded Sindh Basic Education Program (SBEP) - Milestone Monitoring Services for the construction of schools in Sindh through an open competition.
Published 22 Jun, 2013 12:00am
Prime Minister orders probe into MQM's MPA's murder

Prime Minister orders probe into MQM's MPA's murder

Strongly condemning the killing of MQM's MPA Sajid Qureshi and his son, Prime Minister Nawaz Sharif has ordered an enquiry into the assassinations. President Asif Ali Zardari also strongly condemned the killing of the MPA. President Zardari and PM Nawaz S
Published 22 Jun, 2013 12:00am
Analysts term provincial budgets people-friendly

Analysts term provincial budgets people-friendly

Analyst Rashid Ahmad Chenna said that the provincial budgets are good and people friendly. Talking to a private TV channel, he said Punjab budget has set priorities in it; First priority is law and order. The second priority is education and especially pr
Published 22 Jun, 2013 12:00am
CNG stations: closure notice

CNG stations: closure notice

In compliance with sectoral priority order for gas load management, during the coming week, all CNG Stations in Sindh region would remain closed for three days. According to the new schedule, all CNG stations in Sindh will remain closed from 08:00 am on T
Published 22 Jun, 2013 12:00am
Levies recover huge cache of arms in Khuzdar

Levies recover huge cache of arms in Khuzdar

Levies force recovered huge quantity of weapons during a search operation on main RCD Highway in Khuzdar district of Balochistan on Friday. A levies official who took part in operation, not wanting to be named, said that two suspects were also taken into
Published 22 Jun, 2013 12:00am
Speakers advocate precision farming

Speakers advocate precision farming

Speakers at a seminar on Friday stressed the need of applying modern technologies and bringing preciseness in all human practices. The two-day international seminar and workshop on 'Innovative Technologies: Precision Agriculture, Renewable Energy and Bio-
Published 22 Jun, 2013 12:00am
Missing persons: strike observed in parts of Balochistan

Missing persons: strike observed in parts of Balochistan

Balochistan's several towns on Friday observed strike against the missing persons and the bodies being found in gunny bags at derelict places. According to reports, shops that open in the morning were seen shut, traffic was less than normal, while attenda
Published 22 Jun, 2013 12:00am
Boat carrying 35 passengers capsizes near Karachi Port

Boat carrying 35 passengers capsizes near Karachi Port

A boat with 35 passengers on board capsized on Friday near Karachi port's oil piers, leaving at least 19 people injured, fishermen said. About 35 passengers including women and children were rescued from a capsized boat in a rapid operation, fishermen and
Published 22 Jun, 2013 12:00am
SBP to intensify efforts towards promoting Islamic banking awareness

SBP to intensify efforts towards promoting Islamic banking awareness

The State Bank of Pakistan (SBP) plans to intensify its efforts towards awareness and promotion of Islamic banking across the country to achieve a target of 15 percent share in overall banking industry by end 2017. Addressing the Islamic Finance Conferenc
Published 22 Jun, 2013 12:00am
'Rs 15.17 billion to be spent on health facilities in Southern Punjab'

'Rs 15.17 billion to be spent on health facilities in Southern Punjab'

The Punjab government is working on war footing basis for the improvement of health sector in Punjab, particularly health development projects of southern districts are being given special attention. Punjab Minister for Health Khalil Tahir Sindhu said it
Published 22 Jun, 2013 12:00am
Pakistan, Australia need to encourage trade liberalisation: Molloy

Pakistan, Australia need to encourage trade liberalisation: Molloy

Deputy High Commissioner of Australia Paul Molloy has said that in order to boost trade between Australia and Pakistan, the two countries need to encourage trade liberalisation. He said this during a meeting with the President and Vice-President of Faisal
Published 22 Jun, 2013 12:00am
Laptop scheme: hearing adjourned

Laptop scheme: hearing adjourned

The Lahore High Court on Friday adjourned the hearing of a petition challenging laptop distribution scheme of Punjab government for three weeks for arguments on the maintainability of the petition. A bar member, Syed Feroze Shah through A.K Dogar stated t
Published 22 Jun, 2013 12:00am
Jimmy's solo exhibition kicked off in Singapore

Jimmy's solo exhibition kicked off in Singapore

The solo international exhibition of selected art work of prominent Pakistani artist and social crusader Jimmy Engineer has kicked off quite impressively at the Singapore Art House in the Old Parliament Building in Singapore. On display in the major art s
Published 22 Jun, 2013 12:00am
CEC visits Punjab election commissioner's office

CEC visits Punjab election commissioner's office

Chief Election Commissioner former Justice Fakhruddin G Ebrahim on Friday visited the office of the Provincial Election Commissioner, Punjab where he chaired a meeting. Addressing the meeting, the CEC appreciated the successful conduct of general election
Published 22 Jun, 2013 12:00am
LDA ADG briefs officers about 'One Window Cell' functions

LDA ADG briefs officers about 'One Window Cell' functions

A group of 46 probationary officers of Pakistan Administrative Service (District Management Group) visited the office of Lahore Development Authority (LDA) on Friday in connection with the 36th specialised training program.
Published 22 Jun, 2013 12:00am
The Weather

The Weather

The weather report on Friday (June 21, 2013) and the forecast for Saturday (June 22, 2013).

Published 22 Jun, 2013 12:00am
Shahbaz vows to rid masses of loadshedding menace

Shahbaz vows to rid masses of loadshedding menace

Punjab Chief Minister Muhammad Shahbaz Sharif on Friday said the PML-N-led government is making sincere efforts on war footing for overcoming shortage of electricity and the promise to rid the people of the menace of loadshedding will be honoured at any c
Published 22 Jun, 2013 12:00am
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