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Nov 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-07-29
BSkyB posts rising profits, sports battle looms

BSkyB posts rising profits, sports battle looms

British pay-TV giant BSkyB said on July 26 that annual net profits rose eight percent, boosted by rising revenues and customer numbers. Profit after tax climbed to £979 million ($1.5 billion, 1.1 billion euros) in the group's financial year to the end of
Published 29 Jul, 2013 12:00am
BSkyB posts rising profits, sports battle looms

BSkyB posts rising profits, sports battle looms

British pay-TV giant BSkyB said on July 26 that annual net profits rose eight percent, boosted by rising revenues and customer numbers. Profit after tax climbed to £979 million ($1.5 billion, 1.1 billion euros) in the group's financial year to the end of
Published 29 Jul, 2013 12:00am
Swatch sees strong second half

Swatch sees strong second half

The world's biggest watchmaker Swatch Group said it was confident about the second half of the year after its first-half net profit shrugged off a crackdown on traditional gift-giving in China to rise more than expected. Net profit was up 6.1 percent to 7
Published 29 Jul, 2013 12:00am
Swatch sees strong second half

Swatch sees strong second half

The world's biggest watchmaker Swatch Group said it was confident about the second half of the year after its first-half net profit shrugged off a crackdown on traditional gift-giving in China to rise more than expected. Net profit was up 6.1 percent to 7
Published 29 Jul, 2013 12:00am
Orange reports profit plunge on tax charge

Orange reports profit plunge on tax charge

French telecom group France Telecom/Orange on July 25 reported a plunge in first-half net profits, partly weighed down by higher taxes and a slump in ssales, but held its forecasts The operator also announced it will have to pay about 2.0 billion euros ($
Published 29 Jul, 2013 12:00am
Orange reports profit plunge on tax charge

Orange reports profit plunge on tax charge

French telecom group France Telecom/Orange on July 25 reported a plunge in first-half net profits, partly weighed down by higher taxes and a slump in ssales, but held its forecasts The operator also announced it will have to pay about 2.0 billion euros ($
Published 29 Jul, 2013 12:00am
Time Warner names publishing unit CEO ahead of spinoff

Time Warner names publishing unit CEO ahead of spinoff

Time Warner announced on July 22 that Joseph Ripp will be named chief executive of its publishing arm Time Inc., which is to be spun off by the media conglomerate. "Joe is a seasoned executive who has been immersed in the intersection of digital, advertis
Published 29 Jul, 2013 12:00am
Strong Daimler results can't hide China woes

Strong Daimler results can't hide China woes

Daimler is approaching cruising velocity. Fortunes have turned after a dismal first quarter that saw the company renounce its earnings targets three months after it had set them. But the German carmaker still hasn't fixed its China problem. Earnings befor
Published 29 Jul, 2013 12:00am
Internet companies, stung by earnings, still look pricey

Internet companies, stung by earnings, still look pricey

Expedia Inc can send people to destinations around the world, but it can't send investors back in time so they can avoid the stock's massive selloff on Friday. The stock's 25 percent fall is its worst in seven years, becoming the latest in what is shaping
Published 29 Jul, 2013 12:00am
Australia central bank says A$ fall to add to inflation

Australia central bank says A$ fall to add to inflation

Australia's central bank said a steep fall in the local dollar would add a little to inflation over time, but not to the extent that it would hamper another cut to interest rates if needed to support demand. Minutes of its July 2 policy meeting, showed th
Published 29 Jul, 2013 12:00am
Indian fund managers keep their faith in debt, gold

Indian fund managers keep their faith in debt, gold

Fund managers in India continue to prefer domestic debt and gold, expecting markets to recover from their recent sell-offs and to prove sturdier investments than stocks, according to a Reuters poll. Debt funds have attracted 497.06 billion rupees ($16.6 m
Published 29 Jul, 2013 12:00am
Indian fund managers keep their faith in debt, gold

Indian fund managers keep their faith in debt, gold

Fund managers in India continue to prefer domestic debt and gold, expecting markets to recover from their recent sell-offs and to prove sturdier investments than stocks, according to a Reuters poll. Debt funds have attracted 497.06 billion rupees ($16.6 m
Published 29 Jul, 2013 12:00am
EIB project bond debut attracts pan-European interest

EIB project bond debut attracts pan-European interest

Investors from across Europe came in for the first bond issue supported by the EIB's Project Bonds Initiative, which is supposed to connect the capital markets to essential infrastructure projects. Since the financial crisis destroyed most of the monoline
Published 29 Jul, 2013 12:00am
EIB project bond debut attracts pan-European interest

EIB project bond debut attracts pan-European interest

Investors from across Europe came in for the first bond issue supported by the EIB's Project Bonds Initiative, which is supposed to connect the capital markets to essential infrastructure projects. Since the financial crisis destroyed most of the monoline
Published 29 Jul, 2013 12:00am
Wall Street week ahead: stocks face the Fed, jobs and earnings

Wall Street week ahead: stocks face the Fed, jobs and earnings

The coming week on Wall Street could be a summer blockbuster, with the marquee featuring a triple bill: the Fed, jobs and earnings. Of the three, the Federal Reserve has the most potential to upset the market. The Federal Open Market Committee is expected
Published 29 Jul, 2013 12:00am
Tokyo investors eye Japanese earnings, Fed meeting

Tokyo investors eye Japanese earnings, Fed meeting

Tokyo investors will be keeping a close eye on a US Federal Reserve policy meeting and Japanese corporate earnings next week as firms including Toyota, Panasonic and Japan Airlines report quarterly results. The Nikkei 225 index lost 3.15 percent, or 459.9
Published 29 Jul, 2013 12:00am
Forint gains on forex loan plan, crown lags

Forint gains on forex loan plan, crown lags

Hungary's forint led gains in central European currencies on Friday, lifted by optimism over the government's foreign currency loan plan, while the Czech crown weakened ahead of a central bank meeting next weak. Hungary's Prime Minister Victor Orban said
Published 29 Jul, 2013 12:00am
Investors chase window of opportunity in auto-loan bonds

Investors chase window of opportunity in auto-loan bonds

Investors aggressively bid on a fresh supply of asset-backed securities (ABS) this week, hoping to take advantage of slightly juicier spreads before they inevitably tighten again. Nearly US $7 billion in bonds backed by assets including auto-loan payments
Published 29 Jul, 2013 12:00am
Investors chase window of opportunity in auto-loan bonds

Investors chase window of opportunity in auto-loan bonds

Investors aggressively bid on a fresh supply of asset-backed securities (ABS) this week, hoping to take advantage of slightly juicier spreads before they inevitably tighten again. Nearly US $7 billion in bonds backed by assets including auto-loan payments
Published 29 Jul, 2013 12:00am
OCI pulls Egypt's bourse down after violence; most Gulf markets soft

OCI pulls Egypt's bourse down after violence; most Gulf markets soft

Egypt's bourse fell on Sunday but the main reason was a tumble in the shares of heavyweight Orascom Construction Industries, not the deaths of dozens of supporters of ousted president Mohamed Morsi. Cairo's index opened higher but then retreated to close
Published 29 Jul, 2013 12:00am
Immigration numbers pose political problem for Britain's leader

Immigration numbers pose political problem for Britain's leader

The success of British Prime Minister David Cameron's flagship immigration policy was called into serious question on Sunday, dealing him a potential blow ahead of 2015 elections by playing into the hands of a populist anti-immigration party. A report by
Published 29 Jul, 2013 12:00am
Train driver appears in court as Spain mourns crash victims

Train driver appears in court as Spain mourns crash victims

The driver of a train that hurtled off the rails killing 79 people in Spain appeared in court for questioning on Sunday, as the pilgrimage city of Santiago de Compostela mourned the dead. Flowers and candles were placed at the crash site and at the gates
Published 29 Jul, 2013 12:00am
Liberals, smaller tribes win seats in Kuwait vote after boycott

Liberals, smaller tribes win seats in Kuwait vote after boycott

Liberals and candidates from some of Kuwait's more marginalised tribes have won seats in a parliament which may prove more co-operative with the ruling family after opposition Islamists and populists boycotted the election. Saturday's ballot was the sixth
Published 29 Jul, 2013 12:00am
Israel approves prisoner deal to clear way for peace talks

Israel approves prisoner deal to clear way for peace talks

Israel's cabinet on Sunday approved the release of 104 Arab prisoners to help restart peace talks with the Palestinians and end nearly three years of diplomatic stagnation. Thirteen ministers in Prime Minister Benjamin Netanyahu's coalition cabinet voted
Published 29 Jul, 2013 12:00am
1,500 of South Africa's police have criminal records

1,500 of South Africa's police have criminal records

Almost 1,500 of South Africa's police officers have themselves committed crimes in a nation where security forces are notorious for brutality and corruption, according to an audit released Sunday. "The audit established that 1,448 members have criminal of
Published 29 Jul, 2013 12:00am
'US drone' kills six Qaeda suspects in Yemen

'US drone' kills six Qaeda suspects in Yemen

An apparent US drone strike killed six suspected al Qaeda militants overnight, a Yemeni military source told AFP on Sunday. The six suspects were travelling in a two-vehicle convoy in Mahfad in the southern province of Abyan, much of which was held by the
Published 29 Jul, 2013 12:00am
Obama calls Korean War a victory, honours veterans

Obama calls Korean War a victory, honours veterans

Commemorating the 60th anniversary of the armistice that ended the Korean War, President Barack Obama said on Saturday that US troops and their allies achieved victory in that conflict despite a lukewarm reception when they returned home. The war ended in
Published 29 Jul, 2013 12:00am
Rudd makes surprise Afghan visit

Rudd makes surprise Afghan visit

Australian Prime Minister Kevin Rudd has made a surprise visit to troops serving in Afghanistan, telling them that it was time they came home. Rudd, who the Labour Party reinstalled as leader four weeks ago ahead of this year's election, made the trip Sat
Published 29 Jul, 2013 12:00am
Berlusconi won't seek 'exile' if tax fraud conviction upheld

Berlusconi won't seek 'exile' if tax fraud conviction upheld

Former Prime Minister Silvio Berlusconi said he would not flee Italy and was ready to go to jail rather than face house arrest or community service if a court upholds his conviction for tax fraud next week. Italy's highest appeals court will on Tuesday he
Published 29 Jul, 2013 12:00am
Suicide bomber kills nine police in north Iraq

Suicide bomber kills nine police in north Iraq

A suicide bomber killed nine Kurdish policemen in northern Iraq on Sunday, while five people died in other attacks, officials said. With the latest attacks, violence has killed more than 730 people in July and over 3,000 since the beginning of the year, a
Published 29 Jul, 2013 12:00am
Millions at Brazil Mass hear pope ask youth to change world

Millions at Brazil Mass hear pope ask youth to change world

Rio's famed Copacabana beach, usually the venue for scantily-clad sun-seekers and revelry, became a massive Catholic campground on Sunday as Pope Francis concluded a youth festival by urging young people to go forth and build a new world. A festive crowd
Published 29 Jul, 2013 12:00am
SMS and Internet hit Eid card industry

SMS and Internet hit Eid card industry

SMSs and the Internet has promoted E-card culture and slowed down the industry of traditional Eid cards. E-mail is a blow to the Eid card; SMS signed its death warrants; people from various walks of life told APP on Sunday. Due to the low sale of Eid card
Published 29 Jul, 2013 12:00am
Dengue situation under control: Shahbaz

Dengue situation under control: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that dengue situation is under control. However, the heads of departments concerned should complete their arrangements as stern action would be taken in case of any laxity or dereliction of duty in this regard
Published 29 Jul, 2013 12:00am
Energy sector: Punjab government, Chinese co agree on co-operation

Energy sector: Punjab government, Chinese co agree on co-operation

Vice-President China Power International Holdings Limited (CPIH), Wang Zhiying met Punjab Chief Minister Shahbaz Sharif here on Sunday. Provincial ministers Sher Ali Khan, Muhammad Shafique, MNA Pervaiz Malik, Chairman Planning and Development, Secretary
Published 29 Jul, 2013 12:00am
'Rs 93 billion allocated for South Punjab uplift projects'

'Rs 93 billion allocated for South Punjab uplift projects'

Punjab Chief Minister Shahbaz Sharif has said that measures are being taken on war footing to resolve energy crisis. He said that work has been started expeditiously with the co-operation of China on the projects of low-cost power generation through alter
Published 29 Jul, 2013 12:00am
JI to boycott by-polls

JI to boycott by-polls

Jamaat-i-Islami decided to boycott the by-elections in Islamabad and Punjab. Jamaat-i-Islami claims administrative officers have been changed in Islamabad ahead of elections‚ hence the elections will not be free and fair. The Party said that it will withd
Published 29 Jul, 2013 12:00am
Kashmir issue: UN asked to fulfil its obligation

Kashmir issue: UN asked to fulfil its obligation

Jamaat-i-Islami Secretary General Liaqat Baloch has urged UN Secretary General Ban Ki Moon to take notice of the e-mails sent to the United Nations by over ten million Kashmiris for the grant of right to self determination.
Published 29 Jul, 2013 12:00am
Steps being taken to arrest power, gas thieves: chief minister Punjab

Steps being taken to arrest power, gas thieves: chief minister Punjab

Punjab Chief Minister Shahbaz Sharif here on Sunday met legislators of various districts said that steps were being taken to round up electricity and gas thieves and put them before court of law. Senior party cadres were present on the occasion.
Published 29 Jul, 2013 12:00am
Railways issues four Eid Special trains' schedules

Railways issues four Eid Special trains' schedules

Pakistan Railways issued schedule of four Eid special trains to facilitate passengers. According to the schedule released on Sunday, the first Eid special train will run between Karachi and Peshawar via Multan, Sahiwal and Raiwind and this train will leav
Published 29 Jul, 2013 12:00am
Eid shopping gains momentum in Sialkot

Eid shopping gains momentum in Sialkot

Eid shopping activities are gaining pace in every nook and corner of the city and cantonment areas and great rush has been witnessed on shopping centres and commercial markets. As a few days are left in Eid different markets and bazaars that remained open
Published 29 Jul, 2013 12:00am
Lack of transport facilities steps up migration to cities

Lack of transport facilities steps up migration to cities

Inadequate transport facilities have become a big reason behind increase in rural population's migration toward big cities causing multiple problems for the already burdened civic amenities. Hundreds of families have shifted to Lahore from villages and to
Published 29 Jul, 2013 12:00am
Dasti to support PML-N presidential candidate

Dasti to support PML-N presidential candidate

Independent National Assembly member, Jamshed Dasti will support Pakistan Muslim League-Nawaz's (PML-N) presidential candidate Mamnoon Hussain in the August 30 presidential elections as a result of an understanding between Dasti and the PML-N. In return,
Published 29 Jul, 2013 12:00am
Rain expected in Kashmir, northern Punjab

Rain expected in Kashmir, northern Punjab

The Meteorologi-cal department has said that monsoon activity is likely to increase over Kashmir and Upper Punjab. Rain-thundershower is expected at isolated places of Kashmir, Northeast Punjab (Islamabad, Rawalpindi, Lahore, Gujranwala divisions) and Haz
Published 29 Jul, 2013 12:00am
Punjab government assures CNG sector of full support

Punjab government assures CNG sector of full support

The Punjab government has assured All Pakistan CNG Association (APCNGA) that it will resolve all outstanding issues of the CNG sector including misuse and inequitable distribution of gas and alleged violation of laws by different departments.
Published 29 Jul, 2013 12:00am
One dead, two injured in bomb blast

One dead, two injured in bomb blast

One person died and two injured as a bomb planted on roadside went off in Pawar Tungi area of Parachinar on Sunday. According to the political administration of the area, a vehicle going to Pawar Tungi from Parachinar in Upper Kurram near Pak-Afghan Board
Published 29 Jul, 2013 12:00am
Acid attack: man injured

Acid attack: man injured

A man was injured when unknown culprits hurled acid at him while sleeping on Saturday night. According to the details, the incident took place in Beet Mir Hazaar village of Muzaffargarh, where four unknown people threw acid at Liaquat, 25, while he was sl
Published 29 Jul, 2013 12:00am
Man killed over personal dispute

Man killed over personal dispute

A man was killed over personal dispute near Shaifique More, Gabol Town in the limits of Gabol Town police station. The deceased was identified as Nazir Masih, 40, son of Mazhar Masih. According to police, a janitor of toilets of Usman Masjid, situated in
Published 29 Jul, 2013 12:00am
Fall from lifter saved my life: Imran

Fall from lifter saved my life: Imran

Pakistan Tehrik-e-Insaf Chairman Imran Khan has disclosed that terrorists had a plan to kill him the next day of his Lahore rally, adding that his fall from a lifter actually saved his life. In an article published by a British newspaper, Imran Khan wrote
Published 29 Jul, 2013 12:00am
Hepatitis A highly prevalent in Pakistan: Dr Memon

Hepatitis A highly prevalent in Pakistan: Dr Memon

Hepatitis A is highly prevalent in Pakistan which accounts for 50 to 60 percent of all cases associated with Hepatitis in children, while Pakistan also falls in the intermediate endemic zone of Hepatitis B as nine million people in the country are infecte
Published 29 Jul, 2013 12:00am
Karzai to visit Pakistan soon

Karzai to visit Pakistan soon

Afghan President Hamid Karzai will visit Pakistan soon to hold talks with Pakistani leaders on issues of common interest and regional significance. Afghan Foreign Ministry Spokesman Janan Mosazai told reporters in Kabul on Sunday that Hamid Karzai will co
Published 29 Jul, 2013 12:00am
Pakistan to attend swearing-in ceremony of Rohani

Pakistan to attend swearing-in ceremony of Rohani

Director General of Majlis Protocol Department said on Sunday that top officials from 40 world states have so far voiced readiness to attend the swearing-in ceremony of president-elect Hassan Rohani. Mohammad Yasrebi said presidents of Afghanistan, Kazakh
Published 29 Jul, 2013 12:00am
Three alleged dacoits killed in police encounter

Three alleged dacoits killed in police encounter

At least three alleged dacoits were killed in encounter with police in Gawaha village near Lahore on Sunday. According to the police sources, four dacoits were fleeing after committing a robbery when they came face to face with a police party near Ring Ro
Published 29 Jul, 2013 12:00am
Rainwater good for citrus plants: experts

Rainwater good for citrus plants: experts

Citrus fruit plants require water in abundance because the plants are growing. Agriculture experts told APP on Sunday that fruit growers should timely use the third instalment of nitrogen fertiliser to the plants to avoid any attack of insects and disease
Published 29 Jul, 2013 12:00am
Eid shopping begins at slow pace

Eid shopping begins at slow pace

Eid-ul-Fitr shopping has started at a slow pace in the twin cities of Islamabad and Rawalpindi. Many shopkeepers have set up stalls in the main markets including Super, Jinnah Super, Aabpara, Karachi Company, Commercial, Raja Bazaar and Saddar. People hav
Published 29 Jul, 2013 12:00am
Former MD BoK speaks of bank role in energy crisis resolution

Former MD BoK speaks of bank role in energy crisis resolution

Former Managing Director (MD), Bank of Khyber (BoK), Qazi Munirul Haq has said that the bank can play a crucial role in overcoming the prevailing energy crisis and employment generation in Khyber Pakhtunkhwa. Talking to this scribe, he suggested two optio
Published 29 Jul, 2013 12:00am
Government to issue working paper ahead of APC

Government to issue working paper ahead of APC

The federal government has decided in principle to issue a working paper before the All Parties Conference (APC) expected to be called after the Eid in order to devise a strategy for holding meaningful consultations over the grave challenges being faced b
Published 29 Jul, 2013 12:00am
ECP completes printing of ballot papers

ECP completes printing of ballot papers

Election Commission of Pakistan (ECP) has completed printing of ballot papers for the presidential election scheduled on July 30, 2013. According to sources in ECP, the printing process has been completed and all the material like stationary, ballot boxes
Published 29 Jul, 2013 12:00am
Zardari: controversial legacy, uncertain future

Zardari: controversial legacy, uncertain future

When Asif Ali Zardari became president in September 2008, few believed he would complete his five-year mandate. As he prepares to stand down in September, he has demonstrated his ability to survive the office's many challenges, but Pakistanis are divided
Published 29 Jul, 2013 12:00am
Afghan official goes missing in Quetta

Afghan official goes missing in Quetta

An official of the Afghan Consulate Quetta has gone missing from Satellite Town area here, police said on Sunday. Sardar Shah, a police official of the Satellite Town police station, said that Muhammad Hashim who works in the passport section of Afghan Co
Published 29 Jul, 2013 12:00am
IWCCI stresses use of Thar coal to resolve energy crisis

IWCCI stresses use of Thar coal to resolve energy crisis

Lives of tens of millions in Pakistan and the whole Saarc region can be transformed by giving masses access to affordable energy, said Islamabad Women's Chamber of Commerce and Industry (IWCCI) on Sunday. Farida Rashid, President IWCCI said that Saarc was
Published 29 Jul, 2013 12:00am
Boat sinks off Libya; 31 go missing

Boat sinks off Libya; 31 go missing

The Italian coastguard has rescued 22 migrants from a boat which sank off the coast of Libya but more than 30 are still missing at sea, ANSA news agency said on Sunday. The coastguard said in total it had rescued more than 500 people trying to reach Europ
Published 29 Jul, 2013 12:00am
Boat sinks off Libya; 31 go missing

Boat sinks off Libya; 31 go missing

The Italian coastguard has rescued 22 migrants from a boat which sank off the coast of Libya but more than 30 are still missing at sea, ANSA news agency said on Sunday. The coastguard said in total it had rescued more than 500 people trying to reach Europ
Published 29 Jul, 2013 12:00am
Taxpayers'' database security: new safeguards being put in place

Taxpayers'' database security: new safeguards being put in place

The Federal Board of Revenue has decided to place new safeguards in the database of taxpayers to ensure security of sensitive, confidential and classified data by enhancing existing security features in the electronic systems maintained by FBR.
Published 29 Jul, 2013 12:00am
Taxpayers' database security: new safeguards being put in place

Taxpayers' database security: new safeguards being put in place

The Federal Board of Revenue has decided to place new safeguards in the database of taxpayers to ensure security of sensitive, confidential and classified data by enhancing existing security features in the electronic systems maintained by FBR.
Published 29 Jul, 2013 12:00am
Taxpayers' database security: new safeguards being put in place

Taxpayers' database security: new safeguards being put in place

The Federal Board of Revenue has decided to place new safeguards in the database of taxpayers to ensure security of sensitive, confidential and classified data by enhancing existing security features in the electronic systems maintained by FBR.
Published 29 Jul, 2013 12:00am
Afghan eyes Iran deal to boost trade to Europe, India

Afghan eyes Iran deal to boost trade to Europe, India

Afghanistan hopes an agreement with Iran to use one of its ports will help boost exports to Europe and India and reduce its dependence on neighbouring Pakistan''s ports for trade. Iran will allow land-locked Afghanistan to use the port to export goods lik
Published 29 Jul, 2013 12:00am
Afghan eyes Iran deal to boost trade to Europe, India

Afghan eyes Iran deal to boost trade to Europe, India

Afghanistan hopes an agreement with Iran to use one of its ports will help boost exports to Europe and India and reduce its dependence on neighbouring Pakistan's ports for trade. Iran will allow land-locked Afghanistan to use the port to export goods like
Published 29 Jul, 2013 12:00am
Afghan eyes Iran deal to boost trade to Europe, India

Afghan eyes Iran deal to boost trade to Europe, India

Afghanistan hopes an agreement with Iran to use one of its ports will help boost exports to Europe and India and reduce its dependence on neighbouring Pakistan's ports for trade. Iran will allow land-locked Afghanistan to use the port to export goods like
Published 29 Jul, 2013 12:00am
Earthquakes trigger undersea methane reservoirs: study

Earthquakes trigger undersea methane reservoirs: study

Earthquakes can rip open sub-sea pockets of methane, a highly potent greenhouse gas, according to a study by German and Swiss scientists published on Sunday. Quake-caused methane should be added to the list of heat-trapping carbon emissions that affect th
Published 29 Jul, 2013 12:00am
Earthquakes trigger undersea methane reservoirs: study

Earthquakes trigger undersea methane reservoirs: study

Earthquakes can rip open sub-sea pockets of methane, a highly potent greenhouse gas, according to a study by German and Swiss scientists published on Sunday. Quake-caused methane should be added to the list of heat-trapping carbon emissions that affect th
Published 29 Jul, 2013 12:00am
Indo-Pak composite dialogue to restart next month

Indo-Pak composite dialogue to restart next month

Stalled Indo-Pak composite dialogue process is all set to restart in August with Islamabad proposing dates for water secretary level talks meant to address the Wullar Barrage issue and New Delhi "actively considering it". Pakistan, in fact, has also propo
Published 29 Jul, 2013 12:00am
Indo-Pak composite dialogue to restart next month

Indo-Pak composite dialogue to restart next month

Stalled Indo-Pak composite dialogue process is all set to restart in August with Islamabad proposing dates for water secretary level talks meant to address the Wullar Barrage issue and New Delhi "actively considering it". Pakistan, in fact, has also propo
Published 29 Jul, 2013 12:00am
US House set to vote on tough Iran sanctions bill this week

US House set to vote on tough Iran sanctions bill this week

Lawmakers in the US House of Representatives are due to vote on a tough Iran sanctions bill this week that seeks to squeeze the Islamic Republic's oil exports to a trickle. The Republican-led House is due to vote on Wednesday on the bill that seeks to cut
Published 29 Jul, 2013 12:00am
US House set to vote on tough Iran sanctions bill this week

US House set to vote on tough Iran sanctions bill this week

Lawmakers in the US House of Representatives are due to vote on a tough Iran sanctions bill this week that seeks to squeeze the Islamic Republic's oil exports to a trickle. The Republican-led House is due to vote on Wednesday on the bill that seeks to cut
Published 29 Jul, 2013 12:00am
Man arrested over abusive tweets to UK bank-note campaigner

Man arrested over abusive tweets to UK bank-note campaigner

British police on Sunday arrested a 21-year-old man over a series of abusive tweets, including one threatening rape, to the campaigner who fought for author Jane Austen to appear on banknotes. Metropolitan Police confirmed they had arrested the man in Man
Published 29 Jul, 2013 12:00am
Man arrested over abusive tweets to UK bank-note campaigner

Man arrested over abusive tweets to UK bank-note campaigner

British police on Sunday arrested a 21-year-old man over a series of abusive tweets, including one threatening rape, to the campaigner who fought for author Jane Austen to appear on banknotes. Metropolitan Police confirmed they had arrested the man in Man
Published 29 Jul, 2013 12:00am
Man arrested over abusive tweets to UK bank-note campaigner

Man arrested over abusive tweets to UK bank-note campaigner

British police on Sunday arrested a 21-year-old man over a series of abusive tweets, including one threatening rape, to the campaigner who fought for author Jane Austen to appear on banknotes. Metropolitan Police confirmed they had arrested the man in Man
Published 29 Jul, 2013 12:00am
Publicis, Omnicom plan merger to create advertising giant

Publicis, Omnicom plan merger to create advertising giant

Publicis and Omnicom have announced merger plans to create the world''s biggest advertising group, worth $35.1 billion, a tie-up that could put pressure on rivals to do deals to keep pace. The transaction marks a return of jumbo-sized M&A among the world'
Published 29 Jul, 2013 12:00am
Publicis, Omnicom plan merger to create advertising giant

Publicis, Omnicom plan merger to create advertising giant

Publicis and Omnicom have announced merger plans to create the world's biggest advertising group, worth $35.1 billion, a tie-up that could put pressure on rivals to do deals to keep pace. The transaction marks a return of jumbo-sized M&A among the world's
Published 29 Jul, 2013 12:00am
Publicis, Omnicom plan merger to create advertising giant

Publicis, Omnicom plan merger to create advertising giant

Publicis and Omnicom have announced merger plans to create the world's biggest advertising group, worth $35.1 billion, a tie-up that could put pressure on rivals to do deals to keep pace. The transaction marks a return of jumbo-sized M&A among the world's
Published 29 Jul, 2013 12:00am
Turkey land feud leaves eight dead

Turkey land feud leaves eight dead

A gun battle that erupted between two families in south-eastern Turkey over disputed land has left eight people dead, the Dogan news agency reported Sunday. The rival families from the villages of Baskoy and Karatepe, in a Kurdish area near Diyarbakir, cl
Published 29 Jul, 2013 12:00am
Saudi Arabia awards $22.5 billion contracts to build Riyadh metro

Saudi Arabia awards $22.5 billion contracts to build Riyadh metro

The Saudi Arabian government awarded $22.5 billion in contracts to three foreign-led consortia on Sunday for the design and construction of a metro rail system in the capital Riyadh. The project, which will involve six rail lines extending 176 kilometres
Published 29 Jul, 2013 12:00am
Energy policy: Prime Minister seeks to take people into confidence

Energy policy: Prime Minister seeks to take people into confidence

Prime Minister Nawaz Sharif is going to take people into confidence about key decisions contained in the energy policy which include installation of pre-paid smart meters in a bid to control electricity theft. Sources told Business Recorder that th
Published 29 Jul, 2013 12:00am
Energy policy: Prime Minister seeks to take people into confidence

Energy policy: Prime Minister seeks to take people into confidence

Prime Minister Nawaz Sharif is going to take people into confidence about key decisions contained in the energy policy which include installation of pre-paid smart meters in a bid to control electricity theft. Sources told Business Recorder that th
Published 29 Jul, 2013 12:00am
Energy policy: Prime Minister seeks to take people into confidence

Energy policy: Prime Minister seeks to take people into confidence

Prime Minister Nawaz Sharif is going to take people into confidence about key decisions contained in the energy policy which include installation of pre-paid smart meters in a bid to control electricity theft. Sources told Business Recorder that th
Published 29 Jul, 2013 12:00am
Collection of sales tax: ambiguities removed

Collection of sales tax: ambiguities removed

The Federal Board of Revenue has removed ambiguities in collection of sales tax from five leading export-oriented sectors through amendments to SRO.1125(1)/2011, facilitating business and trade at import as well as local manufacturing stages. Sources told
Published 29 Jul, 2013 12:00am
Collection of sales tax: ambiguities removed

Collection of sales tax: ambiguities removed

The Federal Board of Revenue has removed ambiguities in collection of sales tax from five leading export-oriented sectors through amendments to SRO.1125(1)/2011, facilitating business and trade at import as well as local manufacturing stages. Sources told
Published 29 Jul, 2013 12:00am
Collection of sales tax: ambiguities removed

Collection of sales tax: ambiguities removed

The Federal Board of Revenue has removed ambiguities in collection of sales tax from five leading export-oriented sectors through amendments to SRO.1125(1)/2011, facilitating business and trade at import as well as local manufacturing stages. Sources told
Published 29 Jul, 2013 12:00am
China orders nationwide government debt audit

China orders nationwide government debt audit

China''s National Audit Office will conduct an audit of all government debt at the request of China''s State Council or cabinet, it said in a statement on Sunday, underlining concern over rising debt levels in the world''s second biggest economy. The audi
Published 29 Jul, 2013 12:00am
China orders nationwide government debt audit

China orders nationwide government debt audit

China's National Audit Office will conduct an audit of all government debt at the request of China's State Council or cabinet, it said in a statement on Sunday, underlining concern over rising debt levels in the world's second biggest economy. The audit o
Published 29 Jul, 2013 12:00am
China orders nationwide government debt audit

China orders nationwide government debt audit

China's National Audit Office will conduct an audit of all government debt at the request of China's State Council or cabinet, it said in a statement on Sunday, underlining concern over rising debt levels in the world's second biggest economy. The audit o
Published 29 Jul, 2013 12:00am
Futures spreads up by 95 basis points

Futures spreads up by 95 basis points

The futures spreads increased by 95 basis points during the fourth week of financial year 2013-14, to 12.23 percent and the trading activities on the futures counter remained also higher as average daily volumes registered a growth of 123.5 percent to 45.
Published 29 Jul, 2013 12:00am
Futures spreads up by 95 basis points

Futures spreads up by 95 basis points

The futures spreads increased by 95 basis points during the fourth week of financial year 2013-14, to 12.23 percent and the trading activities on the futures counter remained also higher as average daily volumes registered a growth of 123.5 percent to 45.
Published 29 Jul, 2013 12:00am
Futures spreads up by 95 basis points

Futures spreads up by 95 basis points

The futures spreads increased by 95 basis points during the fourth week of financial year 2013-14, to 12.23 percent and the trading activities on the futures counter remained also higher as average daily volumes registered a growth of 123.5 percent to 45.
Published 29 Jul, 2013 12:00am
Futures spreads up by 95 basis points

Futures spreads up by 95 basis points

The futures spreads increased by 95 basis points during the fourth week of financial year 2013-14, to 12.23 percent and the trading activities on the futures counter remained also higher as average daily volumes registered a growth of 123.5 percent to 45.
Published 29 Jul, 2013 12:00am
Index attains mixed posture

Index attains mixed posture

After notching up a 347-point gain in first three sessions, KSE-100 Index closed on a negative note and witnessed a technical correction in the last two sessions. The Index gained only 68.14 points last week to close at 23,497.07 points against 23,428.93
Published 29 Jul, 2013 12:00am
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