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Print - 2013-07-01
Telefonica sells Irish branch to Hutchison Whampoa

Telefonica sells Irish branch to Hutchison Whampoa

Spanish telecom giant Telefonica said on June 24 it will sell its Irish subsidiary to Hong Kong group Hutchison Whampoa for 850 million euros ($1.1 billion) in an effort to lower its debt. Telefonica said in a statement that the sale involved a payment of
Published 01 Jul, 2013 12:00am
Protests expected as Brazil hosts Confeds final

Protests expected as Brazil hosts Confeds final

Sunday's Confederations Cup final between Brazil and Spain at Rio's Maracana stadium was set to be played out against a backdrop of protests as citizens answer calls on social media to demand better public services.
Published 01 Jul, 2013 12:00am
Flower glad to have 'superstar' Pietersen back

Flower glad to have 'superstar' Pietersen back

England coach Andy Flower has welcomed Kevin Pietersen back to England duty by saying he's pleased to have the "superstar" batsman in the squad ahead of the defence of the Ashes against Australia. The 33-year-old Pietersen was included Sunday in the Engla
Published 01 Jul, 2013 12:00am
Monaco sign striker Martial from Lyon

Monaco sign striker Martial from Lyon

Newly-promoted Monaco have signed 17-year-old striker Anthony Martial from Lyon for a fee of 5million euros. Lyon said that the decision to sell the French under-18 international was taken for financial reasons after the club had failed to find a buyer fo
Published 01 Jul, 2013 12:00am
Blake not ruled out of world 100 metres title defence: manager

Blake not ruled out of world 100 metres title defence: manager

World 100 metres champion Yohan Blake has not been ruled out of defending his title in Moscow in August because of injury, his manager Cubie Seegobin said on Sunday, knocking down media reports that the Jamaican was to undergo surgery.
Published 01 Jul, 2013 12:00am
Rosberg wins thriller as tyres cause concern by Tim Collings

Rosberg wins thriller as tyres cause concern by Tim Collings

Nico Rosberg survived great late pressure to claim his second win of the season in Sunday's thrilling and dramatic British Grand Prix. It was the Mercedes team's first victory in Britain since Stirling Moss won in 1955 and Rosberg's second in three races
Published 01 Jul, 2013 12:00am
Razzaq blames Zaka for his ouster from Pakistan team

Razzaq blames Zaka for his ouster from Pakistan team

Veteran Test all-rounder Abdul Razzaq has blamed the suspended chairman of Pakistan Cricket Board (PCB) Zaka Ashraf for his ouster from the national team. He (Zaka) doesn't liked me and instructed the captain Misbah-ul-Haq, Hafeez, coach Whatmore and sele
Published 01 Jul, 2013 12:00am
Wilson given all-clear to stay at Hearts

Wilson given all-clear to stay at Hearts

Embattled Hearts have been given a rare boost with the news that full-back Danny Wilson can stay with the club at the end of his loan deal from Liverpool. The Edinburgh side, who entered administration earlier this month, had announced the 21-year-old wou
Published 01 Jul, 2013 12:00am
Athletics: Farah shines in Birmingham Diamond League

Athletics: Farah shines in Birmingham Diamond League

Britain's Mo Farah proved he was still the man to beat heading into the World Championships with a 5,000 metres win over a high-class field at the Birmingham Diamond League meeting in central England on Sunday.
Published 01 Jul, 2013 12:00am
Serena still fighting for rights under bright lights

Serena still fighting for rights under bright lights

Top seed and defending champion Serena Williams breezed into the Wimbledon fourth round but vowed to keep fighting for equal rights under the bright lights of the All England Club. World number one she may be, but the 31-year-old American was slated as th
Published 01 Jul, 2013 12:00am
Li vows to 'fight like crazy' for Wimbledon crown

Li vows to 'fight like crazy' for Wimbledon crown

China's tennis star Li Na vowed to "fight like crazy" at Wimbledon to keep alive her bid to win a second Grand Slam crown. The 2011 French Open champion is one of only five seeds left in her half of the draw - though those remaining include the only two r
Published 01 Jul, 2013 12:00am
Djokovic peaking in time for title charge

Djokovic peaking in time for title charge

Novak Djokovic believes he is peaking at just the right time as the world number one prepares to step up his bid for a second Wimbledon title. Djokovic took the express route into the fourth round on Saturday as the world number one thrashed French 28th s
Published 01 Jul, 2013 12:00am
Bahrain economic growth accelerates strongly in Q1

Bahrain economic growth accelerates strongly in Q1

Bahrain's economic growth accelerated strongly in the first quarter of 2013, helped by a revival of oil output, official data showed on Sunday. Gross domestic product, adjusted for inflation, expanded 2.5 percent quarter-on-quarter in January-March, compa
Published 01 Jul, 2013 12:00am
Brazil to raise taxes to offset any future subsidies

Brazil to raise taxes to offset any future subsidies

Brazil will raise taxes or cut public spending to compensate for any future subsidies it offers to support struggling sectors, Finance Minister Guido Mantega told a local newspaper in an interview published on Sunday. "If we cut taxes further, like we did
Published 01 Jul, 2013 12:00am
Fund firms' boycott threat could hurt Lloyds stock sale

Fund firms' boycott threat could hurt Lloyds stock sale

Just as Britain's government is trying to clear a path for the politically sensitive sale of its 39 percent stake in Lloyds bank, resentment is brewing among the investors who would be expected to buy the stock. Some fund managers say they are wary of buy
Published 01 Jul, 2013 12:00am
Fund firms' boycott threat could hurt Lloyds stock sale

Fund firms' boycott threat could hurt Lloyds stock sale

Just as Britain's government is trying to clear a path for the politically sensitive sale of its 39 percent stake in Lloyds bank, resentment is brewing among the investors who would be expected to buy the stock. Some fund managers say they are wary of buy
Published 01 Jul, 2013 12:00am
Mark Carney to take reins at BoE

Mark Carney to take reins at BoE

Mark Carney is to take over from Mervyn King as governor of the Bank of England Monday and in the process become one of the most powerful men in Britain. The 48-year-old Canadian faces challenges in an economy that has suffered low growth since the recess
Published 01 Jul, 2013 12:00am
Spain lenders brace for tough year-end as new rules bite

Spain lenders brace for tough year-end as new rules bite

Spanish lenders are bracing for lower profits and dividends and a tougher funding environment under new rules meant to prepare them for pan-European supervision next year and avoid a repeat of last year's multi-billion-euro bailout. On Thursday, the Bank
Published 01 Jul, 2013 12:00am
Irish banker apologises for taped comments

Irish banker apologises for taped comments

An Irish banker taped saying he would demand cash from authorities to keep operating and making light of a 2008 bailout, prompting criticism around Europe, apologised for his comments in an interview published on Sunday.
Published 01 Jul, 2013 12:00am
South Sudan ships: first oil cargo via Sudan; talks to defuse new row

South Sudan ships: first oil cargo via Sudan; talks to defuse new row

South Sudan said on Sunday it had shipped its first oil cargo through Sudan to international markets since 2011, while its vice president visited Khartoum to defuse a row that threatened the cross-border flows vital to both. Sudan told its landlocked Afri
Published 01 Jul, 2013 12:00am
Puerto Rico budget lifts taxes, spending as economy sputters

Puerto Rico budget lifts taxes, spending as economy sputters

Puerto Rico Governor Alejandro Garcia Padilla was expected on Sunday to sign a new budget containing $1.38 billion in tax hikes that risk harming the island's fragile economy and a $700 million structural imbalance that worries Wall Street.
Published 01 Jul, 2013 12:00am
China bank regulator says liquidity ample, debt risks manageable

China bank regulator says liquidity ample, debt risks manageable

China's chief banking regulator said on Saturday that liquidity in China's banking system is sufficient and pledged to control risks from local government debt, real estate and shadow banking. Despite a cash squeeze that sent money-market interest rates s
Published 01 Jul, 2013 12:00am
China bank regulator says liquidity ample, debt risks manageable

China bank regulator says liquidity ample, debt risks manageable

China's chief banking regulator said on Saturday that liquidity in China's banking system is sufficient and pledged to control risks from local government debt, real estate and shadow banking. Despite a cash squeeze that sent money-market interest rates s
Published 01 Jul, 2013 12:00am
Hungary to raise teachers' wages in September: minister

Hungary to raise teachers' wages in September: minister

Hungary will raise teachers' wages from September, a government minister said on Sunday, in a move that could help the ruling Fidesz party cement its robust opinion poll lead ahead of a national election expected next April or May.
Published 01 Jul, 2013 12:00am
Mired in recession, Croatia joins troubled EU

Mired in recession, Croatia joins troubled EU

Croatia becomes the 28th member of the European Union at midnight on Sunday, passing a milestone in its recovery from war but anxious over the troubled state of its econommy and the bloc it is joining Croatia joins the bloc just over two decades after dec
Published 01 Jul, 2013 12:00am
Markit presses on with IPO, interviews banks

Markit presses on with IPO, interviews banks

Financial information services company Markit Group is moving ahead with an initial public offering and has hired Goldman Sachs as the lead co-ordinator of the deal, four people familiar with the process said on Tuesday. The London-based company, which co
Published 01 Jul, 2013 12:00am
Markit presses on with IPO, interviews banks

Markit presses on with IPO, interviews banks

Financial information services company Markit Group is moving ahead with an initial public offering and has hired Goldman Sachs as the lead co-ordinator of the deal, four people familiar with the process said on Tuesday. The London-based company, which co
Published 01 Jul, 2013 12:00am
Six more US municipal bond sales postponed

Six more US municipal bond sales postponed

With yields on the US municipal bond market rising, local issuers on Monday postponed another six bond sales, totalling $331 million, that were originally scheduled to price later this week. Since mid-June, on the prospect that the Federal Reserve could c
Published 01 Jul, 2013 12:00am
Six more US municipal bond sales postponed

Six more US municipal bond sales postponed

With yields on the US municipal bond market rising, local issuers on Monday postponed another six bond sales, totalling $331 million, that were originally scheduled to price later this week. Since mid-June, on the prospect that the Federal Reserve could c
Published 01 Jul, 2013 12:00am
Indonesia IPO train derails as investors hit exits

Indonesia IPO train derails as investors hit exits

The spark that Matahari Department Store's $1.3 billion deal was meant to provide Indonesia's IPO market has turned into a dud. Investors have bailed on Indonesian stock offerings, spooked by a wave of global market volatility and pricey valuations. The r
Published 01 Jul, 2013 12:00am
IPO investors sober up as punch bowl drains

IPO investors sober up as punch bowl drains

Investors have sobered up about new stock issues with the punch bowl draining. Computer retailer CDW and tool wholesaler HD Supply both were forced to slash their debut prices on Wednesday night. Until then, buyers had been lapping up initial public offer
Published 01 Jul, 2013 12:00am
Europe shares seen overcoming stimulus concerns, hitting new highs

Europe shares seen overcoming stimulus concerns, hitting new highs

European shares are expected to rise 6 to 7 percent from now until end-year, taking concerns about any scaling back in aggressive monetary stimulus around the globe, Reuters polls showed on Tuesday. The consensus view from around 80 strategists found the
Published 01 Jul, 2013 12:00am
Wall Street week ahead: Fed fears may be gone but brace for volatility

Wall Street week ahead: Fed fears may be gone but brace for volatility

Panic selling on fears of an early exit of the US Federal Reserve's stimulus efforts may be over, but the stock market may still face wild intraday swings as investors scramble to position themselves for Friday's payrolls report. Trading volume is likely
Published 01 Jul, 2013 12:00am
Tokyo investors look to BoJ survey

Tokyo investors look to BoJ survey

Tokyo investors will keeping an eye on the Bank of Japan's quarterly business sentiment survey and Chinese economic figures next week, analysts say, after the Nikkei index hit a month high on Friday. The Tokyo Stock Exchange has seen weeks of big moves, w
Published 01 Jul, 2013 12:00am
Egypt five-year bond yield rises at auction

Egypt five-year bond yield rises at auction

Egypt had to pay more to borrow over five years at a bond auction on Monday than a month ago, and the central bank sold only half the paper it offered. Yields on Egyptian government paper have risen over the last month on concerns that mass anti-governmen
Published 01 Jul, 2013 12:00am
Egypt five-year bond yield rises at auction

Egypt five-year bond yield rises at auction

Egypt had to pay more to borrow over five years at a bond auction on Monday than a month ago, and the central bank sold only half the paper it offered. Yields on Egyptian government paper have risen over the last month on concerns that mass anti-governmen
Published 01 Jul, 2013 12:00am
BT and British Airways surprise US bond market with deals

BT and British Airways surprise US bond market with deals

A pair of blue chip UK borrowers surprised the US high-grade market by launching new deals on Tuesday, testing investor appetite for risk in wake of a massive liquidation of global assets that has paralysed new issuance for four consecutive sessions.
Published 01 Jul, 2013 12:00am
BT and British Airways surprise US bond market with deals

BT and British Airways surprise US bond market with deals

A pair of blue chip UK borrowers surprised the US high-grade market by launching new deals on Tuesday, testing investor appetite for risk in wake of a massive liquidation of global assets that has paralysed new issuance for four consecutive sessions.
Published 01 Jul, 2013 12:00am
Apollo's EP Energy looking at IPO

Apollo's EP Energy looking at IPO

EP Energy LLC, the oil and gas company bought just last year by a private equity consortium led by Apollo Global Management LLC for $7.15 billion, is working with investment banks to prepare for an initial public offering as soon as this year, three peopl
Published 01 Jul, 2013 12:00am
Gulf markets mixed but bulls dominate in second quarter; Egypt rises

Gulf markets mixed but bulls dominate in second quarter; Egypt rises

Gulf bourses were mixed on Sunday and for the month of June but bulls ran ahead in the second quarter, outperforming frontier peers and a poor performance on emerging markets, as attractive valuations and strong economic outlook spurred buying. Egypt's bo
Published 01 Jul, 2013 12:00am
Iran confirms arrest of Slovak paragliders

Iran confirms arrest of Slovak paragliders

Iran on Sunday confirmed the arrest of several Slovaks two days after Bratislava announced that a group of paragliders had been apprehended, reportedly accused of espionage. Tehran did not confirm how many Slovaks had been detained, but Slovak Foreign Min
Published 01 Jul, 2013 12:00am
Philippines accuses China of military build-up at sea

Philippines accuses China of military build-up at sea

The Philippines accused China on Sunday of a "massive" military build-up in the South China Sea and described the Asian giant's tactics as a threat to peace. The comments by Philippine Foreign Secretary Albert Del Rosario were the latest escalation in a d
Published 01 Jul, 2013 12:00am
Egyptians flood streets to demand Morsi's ouster

Egyptians flood streets to demand Morsi's ouster

Hundreds of thousands of Egyptians flooded into the streets on the first anniversary of Islamist President Mohamed Morsi's inauguration on Sunday to demand that he resign. Waving national flags and chanting "Get out!", a crowd of more than 200,000 had mas
Published 01 Jul, 2013 12:00am
Hundreds of refugees refuse to leave Tunisia camp

Hundreds of refugees refuse to leave Tunisia camp

Several hundred people who had fled the 2011 Libya conflict refused Sunday to leave the Choucha refugee camp in southern Tunisia, which was due to be shut, blocking attempts to dismantle their tents, an AFP journalist reported. The UN's refugee agency UNH
Published 01 Jul, 2013 12:00am
Assad's forces battle to tighten control of central Syria

Assad's forces battle to tighten control of central Syria

President Bashar al-Assad's forces pounded Sunni Muslim rebels in the city of Homs with artillery and from the air on Sunday, the second day of an offensive to expand loyalist control over Syria's strategic centre, activists said. They said rebels defendi
Published 01 Jul, 2013 12:00am
Obamas tour Mandela's island jail before Africa speech

Obamas tour Mandela's island jail before Africa speech

US President Barack Obama and his family visited South Africa's bleak former prison of Robben Island on Sunday to pay tribute to ex-inmate Nelson Mandela, now critically ill in hospital. Obama was expected to later cite the legacy of Mandela, who was impr
Published 01 Jul, 2013 12:00am
Kerry plans return to Middle East after visit yields no deal

Kerry plans return to Middle East after visit yields no deal

US Secretary of State John Kerry ended a shuttle diplomacy mission on Sunday without an agreement on resuming Israeli-Palestinian peace talks, but said gaps had been narrowed and he would return to the region soon.
Published 01 Jul, 2013 12:00am
ICS students' commercial & public service messages enthral audience

ICS students' commercial & public service messages enthral audience

The new generation television commercials and public service messages prepared by the students of Institute of Communication Studies Punjab University enthralled audience in a creative and mesmerising event held at the university campus here on Sunday.
Published 01 Jul, 2013 12:00am
India committed to reducing negative items' list to 100: Sabharwal

India committed to reducing negative items' list to 100: Sabharwal

The outgoing Indian High Commissioner, Sharat Sabharwal has said that India is committed to reduce the 600 negative items' list to 100 items with a minor tariff of 5 percent. This list of 100 items will also be removed in five years, he added. He also app
Published 01 Jul, 2013 12:00am
Sharing energy shortage across the board on equitable basis stressed

Sharing energy shortage across the board on equitable basis stressed

Textile exporters, manufacturers, processors, hosiery manufacturers and traders have emphasised the need to share the energy shortage on equitable basis across the board in the best interest of country and to save investment of billions dollars.
Published 01 Jul, 2013 12:00am
Punjab to be made ideal province: Shahbaz

Punjab to be made ideal province: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif vowed that with good governance, ending of corruption and following course of law, Punjab would be made ideal province in the world. He warned that strict action would be taken against officers indulging in co
Published 01 Jul, 2013 12:00am
Jamaat-i-Islami condemns Peshawar bomb blast

Jamaat-i-Islami condemns Peshawar bomb blast

Ameer, Jamaat-i-Islami, Pakistan, Syed Munawwar Hasan and JI Secretary General, Liaquat Baloch, have strongly condemned the bomb blast in Peshawar resulting in heavy casualties. In a statement here, they said that the root cause of terrorism in the countr
Published 01 Jul, 2013 12:00am
JI terms IMF loans a vicious circle

JI terms IMF loans a vicious circle

Ameer, Jamaat-i-Islami, Pakistan, Syed Munawwar Hasan, has said that the Zionists-controlled IMF would extend loans to this country on its own terms and the government would be wise to refuse that. In a statement here on Sunday, he said that the sole agen
Published 01 Jul, 2013 12:00am
Farmers urged to store rainwater

Farmers urged to store rainwater

It is very important for farmers of rain-fed areas to store rainwater as it is essential for good growth and production of crops. Punjab Agriculture (Ext A&R) Director General Dr Muhammad Anjum Ali expressed these views while talking to APP on Sunday.
Published 01 Jul, 2013 12:00am
IG grants education remission up to two years to 561 convicts

IG grants education remission up to two years to 561 convicts

The Inspector General of Prisons Punjab Mian Farooq Nazeer has granted formal and informal education remission from 15 days up to 2 years to 561 convicts for successfully qualifying various exams, courses and memorising the Holy Quran by heart.
Published 01 Jul, 2013 12:00am
Shahbaz dissolves Board of Governors of TDC Punjab

Shahbaz dissolves Board of Governors of TDC Punjab

Punjab Chief Minister Muhammad Shahbaz Sharif directed to dissolve the 12-member Board of Governors of Tourism Development Corporation of the Punjab to make room for the experts of domestic tourism who have a passion to enhance charm in archaeological sit
Published 01 Jul, 2013 12:00am
Summer vacations: 32 judges of LHC to work this week

Summer vacations: 32 judges of LHC to work this week

As many as 32 judges of Lahore High Court will work during the first week of summer vacations commencing from today, an official statement said here on Sunday. Presently there are 0 judges in LHC. However, the sanctioned strength of High Court judges is s
Published 01 Jul, 2013 12:00am
Licences of nine tour operators cancelled

Licences of nine tour operators cancelled

Department of Tourist Services, Punjab has cancelled 9 licenses of travel agents and tour operators for violations of rules and regulation. Provincial Chief, Tourist Services, Punjab, Muhammad Nasim Laber told APP here on Sunday that all defaulters were r
Published 01 Jul, 2013 12:00am
Three robbers killed in police encounters

Three robbers killed in police encounters

At least three robbers were killed in separate police encounters in different localities of the city in the wee hours of Sunday. According to the details, the first incident took place in H-Block of Defence "B" area where police chased robbers who were fl
Published 01 Jul, 2013 12:00am
761st Urs of Lal Shahbaz Qalandar concludes

761st Urs of Lal Shahbaz Qalandar concludes

The 761st annual Urs celebrations of Hazrat Lal Shahbaz Qalandar ended at Sehwan in district Jamshoro on Saturday. Lal Shahbaz Qalandar preached religious tolerance among Muslims and Hindus. His mysticism attracted people from all religions. He was
Published 01 Jul, 2013 12:00am
Telecom sector: PEW questions wisdom behind imposing additional tax

Telecom sector: PEW questions wisdom behind imposing additional tax

The Pakistan Economy Watch (PEW) on Sunday questioned wisdom of the economic managers of the government behind the decision to slap additional tax on the telecom industry. The short-sighted decision will increase burden on masses, add to problems of the t
Published 01 Jul, 2013 12:00am
Desperate expatriate workers appeal to King as a last resort

Desperate expatriate workers appeal to King as a last resort

With four days to go, expatriate workers here have appealed to Custodian of the Two Holy Mosques King Abdullah to extend the amnesty period. Calls for an extension have also come from various ministries, a number of foreign governments and business people
Published 01 Jul, 2013 12:00am
India detains Malik, puts Gilani, Shabbir under house arrest

India detains Malik, puts Gilani, Shabbir under house arrest

The Indian authorities have taken the Jammu and Kashmir Liberation Front Chairman, Muhammad Yasin Malik, into custody and placed APHC leaders including Shabbir Ahmed Shah and Nayeem Ahmed Khan under house arrest on Sunday. According to KMS, the action has
Published 01 Jul, 2013 12:00am
Annual Parents' Day at PAF Public School Lower Topa held

Annual Parents' Day at PAF Public School Lower Topa held

The Annual Parents' Day of the Pakistan Air Force Public School Lower Topa was held at Murree on Sunday. The former PAF Air Chief, ACM Tanvir Mahmood Ahmed (Retd), was the Chief Guest on the occasion. The Chief Guest while addressing at the occasion laude
Published 01 Jul, 2013 12:00am
Nanga Parbat killings: key suspect arrested from Chilas

Nanga Parbat killings: key suspect arrested from Chilas

Security forces have arrested a key suspect involved in Nanga Parbat killings, after eight days of the tragic incident. According to the reports, the accused named Shifa was arrested from Chilas on Saturday night. Senior officials said that they have acce
Published 01 Jul, 2013 12:00am
PACRA upgrades ratings of BoK

PACRA upgrades ratings of BoK

The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term and short-term entity ratings of The Bank of Khyber (BoK) to "A" (Single A) [previous: A-]and "A1" (A One) [previous: A2] respectively. These ratings denote a low expectation of credit r
Published 01 Jul, 2013 12:00am
BHUs lack basic medical facilities

BHUs lack basic medical facilities

Basic medical facilities for expecting women were lacking in the monitored health units as out of 152 BHUs, 39 percent were without maternity beds, 31 percent did not have labour rooms and delivery kits were not available in 22 percent BHUs, says a Free a
Published 01 Jul, 2013 12:00am
ERRA decides to standardise its payment policy

ERRA decides to standardise its payment policy

The Earthquake Reconstruction and Rehabilitation Authority (ERRA) is reported to have decided to standardise the mode of payment to contractors to avoid discrimination, a press handout said here on Sunday. The decision, it said, was taken keeping in view
Published 01 Jul, 2013 12:00am
ST and MQM men among four killed

ST and MQM men among four killed

At least four persons were killed in different incidents of violence in the city on Sunday, police and rescue sources said. A worker of Muttahida Qaumi Movement (MQM) named Abdul Sattar, 25, was gunned down by unknown armed men outside his residence near
Published 01 Jul, 2013 12:00am
President and Prime Minister condemn Peshawar blast

President and Prime Minister condemn Peshawar blast

President Asif Ali Zardari on Sunday strongly condemned the blast in Peshawar that killed over a dozen in Badhabaer area and injured several others. The President reiterated the government's strong resolve not to be deterred by such acts of the terrorists
Published 01 Jul, 2013 12:00am
Stronger Pakistan is PML-N's destination: Ahsan Iqbal

Stronger Pakistan is PML-N's destination: Ahsan Iqbal

Federal Minister for Planning and Development Ahsan Iqbal said on Sunday that the PML-N's destination was to make a stronger Pakistan by all aspects while coming up to expectations of the people. Addressing a big gathering here at his residence, he said t
Published 01 Jul, 2013 12:00am
PTI parliamentary board meets today

PTI parliamentary board meets today

Chairman Pakistan Tehrik-e-Insaf Imran Khan will preside over the party's Parliamentary Board meeting on Monday to discuss matter of awarding tickets for by-elections. In a statement, Chairman PTI rejected reports of awarding tickets in various constituen
Published 01 Jul, 2013 12:00am
By-elections: Dr AQ Khan to contest from NA-13 Swabi

By-elections: Dr AQ Khan to contest from NA-13 Swabi

The Tehrik-e-Tahafuz Pakistan (TTP) chief Dr Abdul Qadir Khan will contest in the by-elections from NA-13 Swabi-II going to be held on August 22. He announced this decision in a meeting with the provincial leadership of the party in Islamabad on Sunday. T
Published 01 Jul, 2013 12:00am
Imran admits mistakes in intra-party elections

Imran admits mistakes in intra-party elections

Pakistan Tehrik-e-Insaf (PTI) Chairman Imran Khan said that Khyber Pakhtunkhwa (KP) government would meet people's expectations. Addressing a convention of the party workers in Islamabad on Sunday evening, he said that PTI was the only party in the countr
Published 01 Jul, 2013 12:00am
PMA seeks early establishment of Sindh Healthcare Commission

PMA seeks early establishment of Sindh Healthcare Commission

President, Pakistan Medical Association (PMA) Karachi, Professor Idris Adhi has urged the members of Sindh Assembly to ensure early adoption of Sindh Healthcare Commission Ordinance, as a full fledged law, to end quackery from the province.
Published 01 Jul, 2013 12:00am
Talks with MQM to join government still under way: Qaim

Talks with MQM to join government still under way: Qaim

Sindh Chief Minister Syed Qaim Ali Shah has said that negotiations with the Muttahida Qaumi Movement (MQM) are still underway and it would be premature to say if and when the MQM would join the Sindh government.
Published 01 Jul, 2013 12:00am
Three killed in firing on passenger buses

Three killed in firing on passenger buses

At least three persons were killed and several others injured when unidentified miscreants opened fire on passenger buses in different areas of Khuzdar district on Sunday.
Published 01 Jul, 2013 12:00am
20 dangerous convicts shifted from Karachi to Sukkur

20 dangerous convicts shifted from Karachi to Sukkur

At least 20 death-row and life-sentence prisoners are relocated from Karachi's Central Jail to Sukkur prison following a search-and-clean-up operation in the city's maximum security penal facility. "The convicts have been moved to Sukkur jail owing to sec
Published 01 Jul, 2013 12:00am
China makes arrest, decries Xinjiang riot as terrorist plot

China makes arrest, decries Xinjiang riot as terrorist plot

Police arrested an alleged member of a group that authorities said planned a "terrorist attack" that killed 35 people last week in China's troubled north-western region of Xinjiang, state media said Sunday. Police blamed the clash Wednesday in Lukqun, in
Published 01 Jul, 2013 12:00am
China makes arrest, decries Xinjiang riot as terrorist plot

China makes arrest, decries Xinjiang riot as terrorist plot

Police arrested an alleged member of a group that authorities said planned a "terrorist attack" that killed 35 people last week in China's troubled north-western region of Xinjiang, state media said Sunday. Police blamed the clash Wednesday in Lukqun, in
Published 01 Jul, 2013 12:00am
US says oil market can cope with more Iran export cuts

US says oil market can cope with more Iran export cuts

The top US energy official said he believed the oil market could cope with any further reduction of Iran''s oil exports from the tightening of sanctions on Tehran over its nuclear programme. US Energy Secretary Ernest Moniz also said on Sunday he expected
Published 01 Jul, 2013 12:00am
US says oil market can cope with more Iran export cuts

US says oil market can cope with more Iran export cuts

The top US energy official said he believed the oil market could cope with any further reduction of Iran's oil exports from the tightening of sanctions on Tehran over its nuclear programme. US Energy Secretary Ernest Moniz also said on Sunday he expected
Published 01 Jul, 2013 12:00am
US says oil market can cope with more Iran export cuts

US says oil market can cope with more Iran export cuts

The top US energy official said he believed the oil market could cope with any further reduction of Iran's oil exports from the tightening of sanctions on Tehran over its nuclear programme. US Energy Secretary Ernest Moniz also said on Sunday he expected
Published 01 Jul, 2013 12:00am
July-June (2012-13): FBR suffers Rs 456 billion historical shortfall

July-June (2012-13): FBR suffers Rs 456 billion historical shortfall

The Federal Board of Revenue (FBR) has suffered historic shortfall of Rs 456 billion as provisional revenue collection in 2012-13 stood at Rs 1,925 billion against budgetary target of Rs 2,381 billion. Sources told Business Recorder on Sunday that
Published 01 Jul, 2013 12:00am
July-June (2012-13): FBR suffers Rs 456 billion historical shortfall

July-June (2012-13): FBR suffers Rs 456 billion historical shortfall

The Federal Board of Revenue (FBR) has suffered historic shortfall of Rs 456 billion as provisional revenue collection in 2012-13 stood at Rs 1,925 billion against budgetary target of Rs 2,381 billion. Sources told Business Recorder on Sunday that
Published 01 Jul, 2013 12:00am
July-June (2012-13): FBR suffers Rs 456 billion historical shortfall

July-June (2012-13): FBR suffers Rs 456 billion historical shortfall

The Federal Board of Revenue (FBR) has suffered historic shortfall of Rs 456 billion as provisional revenue collection in 2012-13 stood at Rs 1,925 billion against budgetary target of Rs 2,381 billion. Sources told Business Recorder on Sunday that
Published 01 Jul, 2013 12:00am
450 workers fall sick at Bangladesh garment plant

450 workers fall sick at Bangladesh garment plant

About 450 employees fell ill on Sunday after complaining of contaminated water at their workplace near the Bangladeshi capital, the second such incident to hit the same garment factory in recent days, police said. The workers, most of them women, were hos
Published 01 Jul, 2013 12:00am
450 workers fall sick at Bangladesh garment plant

450 workers fall sick at Bangladesh garment plant

About 450 employees fell ill on Sunday after complaining of contaminated water at their workplace near the Bangladeshi capital, the second such incident to hit the same garment factory in recent days, police said. The workers, most of them women, were hos
Published 01 Jul, 2013 12:00am
450 workers fall sick at Bangladesh garment plant

450 workers fall sick at Bangladesh garment plant

About 450 employees fell ill on Sunday after complaining of contaminated water at their workplace near the Bangladeshi capital, the second such incident to hit the same garment factory in recent days, police said. The workers, most of them women, were hos
Published 01 Jul, 2013 12:00am
Soldiers kill two in IHK, new protest fears

Soldiers kill two in IHK, new protest fears

Indian occupation soldiers opened fire on demonstrators in held Kashmir on Sunday, killing one person, during protests over the shooting death of a teenager in a military operation, a police chief said. Occupation soldiers shot dead a 17-year-old man late
Published 01 Jul, 2013 12:00am
Soldiers kill two in IHK, new protest fears

Soldiers kill two in IHK, new protest fears

Indian occupation soldiers opened fire on demonstrators in held Kashmir on Sunday, killing one person, during protests over the shooting death of a teenager in a military operation, a police chief said. Occupation soldiers shot dead a 17-year-old man late
Published 01 Jul, 2013 12:00am
Thai Prime Minister sacks commerce minister after rice fiasco

Thai Prime Minister sacks commerce minister after rice fiasco

Thailand''s commerce minister was sacked on Sunday after coming under fire over a rice intervention scheme that resulted in huge losses to the budget and saw the country lose its place as the world''s top rice exporter. In another move, Prime Minister Yin
Published 01 Jul, 2013 12:00am
Thai Prime Minister sacks commerce minister after rice fiasco

Thai Prime Minister sacks commerce minister after rice fiasco

Thailand's commerce minister was sacked on Sunday after coming under fire over a rice intervention scheme that resulted in huge losses to the budget and saw the country lose its place as the world's top rice exporter. In another move, Prime Minister Yingl
Published 01 Jul, 2013 12:00am
Thai Prime Minister sacks commerce minister after rice fiasco

Thai Prime Minister sacks commerce minister after rice fiasco

Thailand's commerce minister was sacked on Sunday after coming under fire over a rice intervention scheme that resulted in huge losses to the budget and saw the country lose its place as the world's top rice exporter. In another move, Prime Minister Yingl
Published 01 Jul, 2013 12:00am
Gulf-EU meeting calls for Syria political settlement

Gulf-EU meeting calls for Syria political settlement

The Gulf Arab nations and the European Union pledged Sunday to pool their efforts to help convene a peace conference on Syria, as they wrapped up a one-day ministerial meeting in Bahrain. The gathering attended by EU foreign policy chief Catherine Ashton
Published 01 Jul, 2013 12:00am
Gulf-EU meeting calls for Syria political settlement

Gulf-EU meeting calls for Syria political settlement

The Gulf Arab nations and the European Union pledged Sunday to pool their efforts to help convene a peace conference on Syria, as they wrapped up a one-day ministerial meeting in Bahrain. The gathering attended by EU foreign policy chief Catherine Ashton
Published 01 Jul, 2013 12:00am
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