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Print - 2013-06-22
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Haj scam: Riaz appears before FIA investigators

Haj scam: Riaz appears before FIA investigators

Real estate tycoon Malik Riaz on Friday appeared before a Special Investigation Unit (SIU) of Federal Investigation Agency (FIA) in Hajj corruption scam. Riaz appeared before Hussain Asghar, the director of FIA's SIU, who is leading the investigations int
Published 22 Jun, 2013 12:00am
Haj scam: Riaz appears before FIA investigators

Haj scam: Riaz appears before FIA investigators

Real estate tycoon Malik Riaz on Friday appeared before a Special Investigation Unit (SIU) of Federal Investigation Agency (FIA) in Hajj corruption scam. Riaz appeared before Hussain Asghar, the director of FIA's SIU, who is leading the investigations int
Published 22 Jun, 2013 12:00am
FBR Headquarters opens today

FBR Headquarters opens today

The Federal Board of Revenue (FBR) has announced that the FBR (Headquarter) will remain open on Saturday and Sunday ie June 22, and June 23. In this regard FBR has issued an office order here on Friday.
Published 22 Jun, 2013 12:00am
FBR Headquarters opens today

FBR Headquarters opens today

The Federal Board of Revenue (FBR) has announced that the FBR (Headquarter) will remain open on Saturday and Sunday ie June 22, and June 23. In this regard FBR has issued an office order here on Friday.
Published 22 Jun, 2013 12:00am
FBR Headquarters opens today

FBR Headquarters opens today

The Federal Board of Revenue (FBR) has announced that the FBR (Headquarter) will remain open on Saturday and Sunday ie June 22, and June 23. In this regard FBR has issued an office order here on Friday.
Published 22 Jun, 2013 12:00am
Pakistan urged to allow New York Times bureau chief to return

Pakistan urged to allow New York Times bureau chief to return

International media organisations on Friday urged Pakistan to review its decision to revoke the visa of New York Times bureau chief Declan Walsh. Walsh, a British citizen, was last month ordered to leave the country one day before national election
Published 22 Jun, 2013 12:00am
Pakistan urged to allow New York Times bureau chief to return

Pakistan urged to allow New York Times bureau chief to return

International media organisations on Friday urged Pakistan to review its decision to revoke the visa of New York Times bureau chief Declan Walsh. Walsh, a British citizen, was last month ordered to leave the country one day before national election
Published 22 Jun, 2013 12:00am
Prime Minister for establishing railway tracks, expressway

Prime Minister for establishing railway tracks, expressway

Prime Min-ister Muhammad Nawaz Sharif Friday stressed for establishing state of the art fast moving railway tracks and expressway to connect China with Pakistan through Khunjrab, Gwadar and Karachi, which he said, will usher in a new era of economic prosp
Published 22 Jun, 2013 12:00am
Prime Minister for establishing railway tracks, expressway

Prime Minister for establishing railway tracks, expressway

Prime Min-ister Muhammad Nawaz Sharif Friday stressed for establishing state of the art fast moving railway tracks and expressway to connect China with Pakistan through Khunjrab, Gwadar and Karachi, which he said, will usher in a new era of economic prosp
Published 22 Jun, 2013 12:00am
Prime Minister for establishing railway tracks, expressway

Prime Minister for establishing railway tracks, expressway

Prime Min-ister Muhammad Nawaz Sharif Friday stressed for establishing state of the art fast moving railway tracks and expressway to connect China with Pakistan through Khunjrab, Gwadar and Karachi, which he said, will usher in a new era of economic prosp
Published 22 Jun, 2013 12:00am
Access to bank accounts: PBA rejects powers of FBR

Access to bank accounts: PBA rejects powers of FBR

Pakistan Banks Association (PBA) has rejected unbridled powers of the Federal Board of Revenue (FBR) to access banks database, saying open access to confidential information of banks could seriously compromise personal security of their customers, through
Published 22 Jun, 2013 12:00am
Access to bank accounts: PBA rejects powers of FBR

Access to bank accounts: PBA rejects powers of FBR

Pakistan Banks Association (PBA) has rejected unbridled powers of the Federal Board of Revenue (FBR) to access banks database, saying open access to confidential information of banks could seriously compromise personal security of their customers, through
Published 22 Jun, 2013 12:00am
Access to bank accounts: PBA rejects powers of FBR

Access to bank accounts: PBA rejects powers of FBR

Pakistan Banks Association (PBA) has rejected unbridled powers of the Federal Board of Revenue (FBR) to access banks database, saying open access to confidential information of banks could seriously compromise personal security of their customers, through
Published 22 Jun, 2013 12:00am
Access to bank accounts: PBA rejects powers of FBR

Access to bank accounts: PBA rejects powers of FBR

Pakistan Banks Association (PBA) has rejected unbridled powers of the Federal Board of Revenue (FBR) to access banks database, saying open access to confidential information of banks could seriously compromise personal security of their customers, through
Published 22 Jun, 2013 12:00am
Inevitability of IMF

Inevitability of IMF

Pakistan and IMF are commencing Post-Programme Monitoring (PPM) discussions in Islamabad from 19th June, 2013. However, while this would be a routine affair, the real significance of the visit is the expected request for a possible dollar 5 billion bailou
Published 22 Jun, 2013 12:00am
Let Doha process succeed

Let Doha process succeed

It took time and a long, bloody war for peace to assert its inevitability for the people of Afghanistan, but for the first time its chance seems to have come. The Afghan Taliban and the Americans will be meeting in Doha, for the first time in the open, to
Published 22 Jun, 2013 12:00am
The undeserving rich

The undeserving rich

The requirement in modern-day life of a country is to see that the opportunities are provided to all and sundry as equitably as possible. That is easier said than done. Take the case of Balochistan and the intervention that one sought to rectify the matte
Published 22 Jun, 2013 12:00am
Tunisia continues the revolution - in aerospace

Tunisia continues the revolution - in aerospace

When European plane-maker Airbus receives a juicy contract, such as this year's 234-plane deal from Indonesia's Lion Air, cries of joy ring out in Toulouse. But they're also punching the air in Tunisia. The home of the Arab Spring has grown wings in the p
Published 22 Jun, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 22 Jun, 2013 12:00am
Gazan Idol finalist stokes Palestinian excitement

Gazan Idol finalist stokes Palestinian excitement

Palestinians were in a celebratory mood ahead of the weekend final of a popular pan-Arab singing contest with one of their own favoured to win. Mohamed Assaf made it into the top three of Arab Idol, the reality talent show aired each Friday and Saturday n
Published 22 Jun, 2013 12:00am
Increased tax rates on salaried individuals

Increased tax rates on salaried individuals

Ishaq Dar in his TV appearances has been claiming that there are only 3,400 salaried individuals drawing over Rs 7 million per annum who will be affected, this is untrue as salaried individuals drawing over Rs 4.8 million annually will have to pay tax at
Published 22 Jun, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Jun, 2013 12:00am
Law, order in Sindh: PPP senators assail interior minister

Law, order in Sindh: PPP senators assail interior minister

PPP lawmakers in the Senate on Friday lashed out against the interior minister, who issued an ultimatum and asked the Sindh government to put its house in order within a month, saying that the warning was inappropriate and ultra-constitutional. Senator Ra
Published 22 Jun, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Jun, 2013 12:00am
Impersonator held

Impersonator held

Punjab University Examination Department on Friday held an impersonator attempting B.Com part 2 examination's paper Advance Accounting against a candidate. According to details, the examination staff of PU Examination Centre No 70 set up at Punjab College
Published 22 Jun, 2013 12:00am
Shahbaz prays for early recovery of Edhi

Shahbaz prays for early recovery of Edhi

Punjab Chief Minister Muhammad Shahbaz Sharif on Friday has prayed for the early recovery of renowned social figure Abdus Sattar Edhi. He said that Abdus Sattar Edhi is a precious asset of the country and his services are acknowledged by the whole world.
Published 22 Jun, 2013 12:00am
PPP workers mark 60th birth anniversary of Benazir Bhutto

PPP workers mark 60th birth anniversary of Benazir Bhutto

Workers of Pakistan Peoples Party (PPP) Punjab marked the 60th birth anniversary of former Prime Minister Shaheed Benazir Bhutto with simplicity in the city. Main function held at the party secretariat, attended by the top party leadership including PPP P
Published 22 Jun, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (June 21, 2013).

Published 22 Jun, 2013 12:00am
'SMEDA developing plan for sustainable economic growth'

'SMEDA developing plan for sustainable economic growth'

The Small and Medium Enterprises Develop-ment Authority (SMEDA) is developing a new 5-year SME Development Plan under the directives of Chief Executive Officer for sustainable economic development of the country. Talking to media persons here on Thursday
Published 22 Jun, 2013 12:00am
Opposition criticises Punjab budget

Opposition criticises Punjab budget

Opposition members in the Punjab Assembly on Friday criticised the provincial budget 2013-14 saying that it would result in uncontrolled inflation in the country. However, the treasury members termed the view of opposition as unrealistic and their legisla
Published 22 Jun, 2013 12:00am
PU vice chancellor inaugurates Soft Expo at PUCIT

PU vice chancellor inaugurates Soft Expo at PUCIT

Punjab University Vice Chancellor Professor Dr Mujahid Kamran on Friday inaugurated Soft Expo 2013 at Punjab University College of Information Technology (PUCIT). PUCIT Principal Professor Dr Mansoor Sarwar, senior faculty members and a large number of st
Published 22 Jun, 2013 12:00am
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