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Nov 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-08-03
Dollar steadies in Asia

Dollar steadies in Asia

The dollar held steady versus the yen on Friday, clinging to hefty gains made the previous day after better-than-expected US data stirred hopes for an upbeat nonfarm payrolls report. The dollar was little changed on the day at 99.56 yen after having surge
Published 03 Aug, 2013 12:00am
Dollar extents gains versus yen in London

Dollar extents gains versus yen in London

The dollar extended gains versus the yen on Friday, and rose against a basket of currencies as US yields climbed on expectations that an upbeat jobs report will prompt the Federal Reserve to withdraw stimulus soon. Funds were buying the US currency in the
Published 03 Aug, 2013 12:00am
Early trade in New York: dollar falls broadly

Early trade in New York: dollar falls broadly

The dollar tumbled against the euro and the yen on Friday after mixed signals about the US labour market quashed expectations the Federal Reserve will start reducing its bond purchases as early as next month. US employers slowed their pace of hiring in Ju
Published 03 Aug, 2013 12:00am
Euro falls versus dollar

Euro falls versus dollar

The euro dropped against the dollar on Thursday and was poised to post its largest daily loss in three weeks after European Central Bank President Mario Draghi said interest rates in the euro zone will remain low for an extended period. The dollar, in con
Published 03 Aug, 2013 12:00am
Asian currencies: Ringgit at fresh three-year low, baht falls

Asian currencies: Ringgit at fresh three-year low, baht falls

The Indian rupee fell on Friday, leading slides among emerging Asian currencies even as the central bank imposed stabilisation measures, on caution before a key US jobs data for clues on when the Federal Reserve would start cutting stimulus. The rupee sli
Published 03 Aug, 2013 12:00am
Australian dollar hits three-year low

Australian dollar hits three-year low

The Australian and New Zealand dollars were under the cosh on Friday after upbeat US economic figures lifted the US dollar, putting them on track to end the week sharply lower. The Aussie fell to a fresh three-year low of $0.8889, from $0.8924 in early tr
Published 03 Aug, 2013 12:00am
Sterling rises

Sterling rises

Sterling rose on Friday after a survey showing a strong rise in UK construction activity added to signs of an improving economy, and as below-forecast US jobs data weighed on the dollar. The pound was up 0.8 percent on the day at $1.5237, more than a cent
Published 03 Aug, 2013 12:00am
Swiss franc steadies

Swiss franc steadies

The Swiss franc inched lower against the euro on Friday and was unchanged against the dollar, with the greenback being supported by hopes for an upbeat US nonfarm payrolls report later in the session. The franc was unchanged at 0.9372 per dollar at 0545 G
Published 03 Aug, 2013 12:00am
Yuan little changed

Yuan little changed

Chin's yuan was almost unchanged in narrow trade on Friday after the central bank set a slightly weaker official midpoint to reflect a rally in the dollar index overnight. Traders said the yuan market was likely to continue directionless trading in the ne
Published 03 Aug, 2013 12:00am
World Cup victory heralded a golden era for Pakistan: Inzamam

World Cup victory heralded a golden era for Pakistan: Inzamam

Former captain Inzamam-ul-Haq has said victory in the ICC Cricket World Cup 1992 heralded a golden era for Pakistan, in which the country not only produced some of the best cricketers but also yielded outstanding results on the international scene.
Published 03 Aug, 2013 12:00am
Double duty for Del Potro to reach last eight

Double duty for Del Potro to reach last eight

Top seed Juan Martin Del Potro, playing twice in one day for the first time in his career, reached the quarter-finals of the Washington Open with two straight-set triumphs Thursday. The 2009 US Open winner, a two-time Washington champion, dispatched Ameri
Published 03 Aug, 2013 12:00am
Federer out of Montreal Masters

Federer out of Montreal Masters

Roger Federer's faltering season suffered another twist on Friday when the former world number one pulled out of next week's Montreal Masters, a key warm-up for the US Open. Federer, who is currently at five in the world, his lowest ranking for a decade,
Published 03 Aug, 2013 12:00am
Pakistan to host: Sri Lanka in a bilateral cricket series at UAE

Pakistan to host: Sri Lanka in a bilateral cricket series at UAE

Pakistan will be hosting Sri Lanka in the United Arab Emirates (UAE) between December 2013 and January 2014 for a bilateral cricket series that includes three Tests, five ODIs and two Twenty-20s. The series, the second bilateral contest between Pakistan a
Published 03 Aug, 2013 12:00am
Franklin misses out, Campbell claims 100m free gold

Franklin misses out, Campbell claims 100m free gold

Australia's Cate Campbell won the women's 100m freestyle gold at the swimming world championships on Friday but US star Missy Franklin missed out on claiming a fifth medal. The 21-year-old Campbell earned her first major title when she clocked 52.34sec wi
Published 03 Aug, 2013 12:00am
Duminy stars in South Africa win

Duminy stars in South Africa win

JP Duminy starred with bat and ball as South Africa overcame Sri Lanka in an exciting 12-run victory in the first Twenty20 international in Colombo on Friday. The tourists, restricted to a modest 115-6 after electing to bat, bounced back to stop Sri Lanka
Published 03 Aug, 2013 12:00am
Thousands bid farewell to late Ecuador star

Thousands bid farewell to late Ecuador star

Thousands of fans filed past the coffin of Ecuadoran football hero Christian Benitez for a statesman-like farewell in Quito on Friday after an autopsy confirmed he had died of heart failure in Qatar. The 27-year-old striker, who was eyeing next year's Wor
Published 03 Aug, 2013 12:00am
Clarke masterclass keeps Australia on top

Clarke masterclass keeps Australia on top

Australia captain Michael Clarke made 187, his highest Test score against England, as the tourists maintained their grip on the third Ashes match at Manchester's Old Trafford ground on Friday. At tea on the second day, Australia, who won the toss, were 50
Published 03 Aug, 2013 12:00am
Sri Lankan protestor shot dead at tainted water demonstration

Sri Lankan protestor shot dead at tainted water demonstration

Sri Lankan security forces shot dead one protester and wounded dozens more when they fired on villagers at a demonstration over contaminated drinking water, police and residents said Friday. Military spokesman Brigadier Ruwan Wanigasooriya said the army h
Published 03 Aug, 2013 12:00am
Rockets land near Lebanese presidential palace, no injuries

Rockets land near Lebanese presidential palace, no injuries

Two rockets landed in an area east of Beirut late on Thursday close to a military compound and Lebanon's presidential palace, security sources said. No one was hurt in the incident but it marked the second time in two months that rockets have been fired i
Published 03 Aug, 2013 12:00am
Bank of America may face civil charges over financial crisis

Bank of America may face civil charges over financial crisis

Bank of America may face civil charges over its actions during the financial crisis related to its mortgage products, the bank said in a filing to a US regulatory agency Thursday. The bank "has received a number of subpoenas and other requests for informa
Published 03 Aug, 2013 12:00am
India revokes GSK cancer drug patent in latest Big Pharma blow

India revokes GSK cancer drug patent in latest Big Pharma blow

India has revoked a patent granted to GlaxoSmithKline Plc for breast cancer drug Tykerb, a decision that follows a landmark India court ruling disallowing patents for incremental innovations that was a blow to global pharmaceutical firms. However, India's
Published 03 Aug, 2013 12:00am
Anti-fracking activists and police scuffle as test drilling starts in UK

Anti-fracking activists and police scuffle as test drilling starts in UK

Scuffles broke out between anti-fracking protesters and police after an energy company finally started exploratory drilling for oil in the English countryside on Friday. Two people, a 19-year-old woman and a man, were arrested on suspicion of assaulting p
Published 03 Aug, 2013 12:00am
Egyptian police to blockade protest camp, avoid showdown

Egyptian police to blockade protest camp, avoid showdown

Egyptian police will blockade a Muslim Brotherhood protest camp set up by supporters of ousted Islamist president Mohamed Morsi but hold off from storming the site, state TV said on Friday. The decision should lessen the chance of a bloody showdown betwee
Published 03 Aug, 2013 12:00am
Berlusconi conviction leaves Italian government hanging

Berlusconi conviction leaves Italian government hanging

Italy's fragile coalition government, already struggling to contain deep divisions over tax and economic policy, woke up to a whole set of new problems on Friday after Silvio Berlusconi's conviction for tax fraud was upheld by the supreme court. Just thre
Published 03 Aug, 2013 12:00am
Kerry and UAE call for 'return to normal' in Egypt

Kerry and UAE call for 'return to normal' in Egypt

US Secretary of State John Kerry and the United Arab Emirates called on Friday for Egypt to return to normal and restore stability after fresh protests. "Egypt needs to get back to a new normal," Kerry said on a stopover in London, after Islamist backers
Published 03 Aug, 2013 12:00am
Taiwan lawmakers scuffle over planned nuclear plant

Taiwan lawmakers scuffle over planned nuclear plant

Taiwanese lawmakers hurled water and wrestled each other to the floor of the island's parliament Friday in a brawl which broke out during a debate on the fate of a controversial nuclear plant. Dozens of lawmakers from opposing camps clashed as they tried
Published 03 Aug, 2013 12:00am
Cyprus former defence minister jailed five years over blast

Cyprus former defence minister jailed five years over blast

Cyprus's ex-defence minister, Costas Papacostas, was sentenced to five years in jail on Friday in connection with a munitions dump blast at a naval base that killed 13 people. The ailing 73-year-old was not in court for the sentencing, as he was taken ill
Published 03 Aug, 2013 12:00am
China reiterates opposition to US sanctions on Iran

China reiterates opposition to US sanctions on Iran

China, Iran's largest trading partner and top oil customer, repeated its opposition on Friday to tougher US sanctions on Iran after the House of Representatives approved a bill aimed at halting Iran's oil exports. The bill seeks to cut Iran's oil exports
Published 03 Aug, 2013 12:00am
Russia faces US ire over Snowden asylum

Russia faces US ire over Snowden asylum

Russia on Friday faced the wrath of the United States after granting asylum to fugitive intelligence leaker Edward Snowden, who was settling into a safe house after over five weeks marooned in a Moscow airport transit zone. The whereabouts of Snowden - wh
Published 03 Aug, 2013 12:00am
FBI says could not have stopped Boston attack

FBI says could not have stopped Boston attack

The FBI said Friday it could not have done more to prevent the Boston Marathon bombings despite having been alerted to one of the suspects two years earlier. "We came to that consensus at this point that there's nothing more we could have done under the e
Published 03 Aug, 2013 12:00am
Berlin axes Cold War-era spying accords with US, UK

Berlin axes Cold War-era spying accords with US, UK

Germany said Friday it had cancelled surveillance accords dating from the late 1960s with the United States and Britain in the wake of revelations about vast US online spying. Foreign Minister Guido Westerwelle said the move was "necessary and proper" ami
Published 03 Aug, 2013 12:00am
Tunisian forces launch air strikes on militants

Tunisian forces launch air strikes on militants

Tunisian forces launched air and ground strikes on Islamist militants near the Algerian border on Friday after fierce overnight clashes in the area, which coincided with increased instability and political turmoil in the North African country. Aircraft bo
Published 03 Aug, 2013 12:00am
Rouhani misquoted in remarks on Israel: state TV

Rouhani misquoted in remarks on Israel: state TV

Two days before his inauguration as Iran's new president, Hassan Rouhani said on Friday that Israeli occupation of Palestinian land had inflicted a "wound" on the Muslim world, according to a segment of his remarks broadcast on Iran's state-run Press TV.
Published 03 Aug, 2013 12:00am
Rampant Iraq violence major challenge: Prime Minister

Rampant Iraq violence major challenge: Prime Minister

The worst violence to hit Iraq in five years is a major challenge, Prime Minister Nuri al-Maliki said in remarks broadcast on Friday, as attacks killed eight people. July was the deadliest month for Iraq since 2008, when the country was emerging from a bl
Published 03 Aug, 2013 12:00am
Mali presidential vote goes to run-off on August 11

Mali presidential vote goes to run-off on August 11

Mali's presidential election will go to a second round on August 11, the government said Friday, after no candidate secured a majority in the landmark poll. Figures for Sunday's ballot announced on live television showed former prime minister Ibrahim Boub
Published 03 Aug, 2013 12:00am
Former South Korea tax chief arrested for bribery

Former South Korea tax chief arrested for bribery

A former head of South Korea's national tax agency was arrested Friday on bribery charges, as the country is reportedly beset by deepening corruption. Jeon Goon-Pyo, 59, allegedly received $US300,000 in cash and a high-end watch from leading South Korean
Published 03 Aug, 2013 12:00am
Indian ruling party lawmakers quit in protest at new state

Indian ruling party lawmakers quit in protest at new state

Seven lawmakers from the ruling Indian National Congress party quit on Friday in protest at the government's decision to create a new state for an ethnic majority in the south. The decision to create Telangana for the Telugu-speaking people by splitting i
Published 03 Aug, 2013 12:00am
France to cut military staff by 12 percent in six-year budget

France to cut military staff by 12 percent in six-year budget

France will cut nearly 34,000 military personnel under a proposed six-year defence budget to be unveiled on Friday, as government belt-tightening and a desire for more nimble forces alters the makeup of Europe's second-largest army. Defence Minister Jean-
Published 03 Aug, 2013 12:00am
ICE cotton edges up on concern over tight nearby US supplies

ICE cotton edges up on concern over tight nearby US supplies

Cotton futures ticked up on Thursday, continuing their range-bound trading in light volume for another session as worries over tight US supplies in the first months of the new crop year buoyed prices despite expectations of huge global stocks. The benchma
Published 03 Aug, 2013 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded November copper contract on the Shanghai Futures Exchange climbed by 0.4 percent to 50,040 yuan ($8,200) a tonne on Friday as the market supported by signs of stabilisation in global factory sector growth as markets awaited a key labour ma
Published 03 Aug, 2013 12:00am
Copper moves higher

Copper moves higher

Copper reached its highest price in more than a week on Friday as the dollar fell and after data showed slightly stronger than expected factory activity in big metals consumer China. The gains were capped by caution on the US growth outlook after mixed jo
Published 03 Aug, 2013 12:00am
Oil slips as US job data disappoints

Oil slips as US job data disappoints

Oil futures fell on Friday as US jobs data came in below expectations, tempering economic optimism that had pushed Brent crude during the session to its highest level in four months, and prompting some investors to take profits. US employers slowed hiring
Published 03 Aug, 2013 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Tokyo rubber futures ended higher on Friday as firm oil prices and a weaker yen spurred buying, but profit-taking still capped the gains, dealer said. The benchmark rubber contract on the Tokyo Commodity Exchange for January delivery was up 2.3 yen to set
Published 03 Aug, 2013 12:00am
Corn falls

Corn falls

US corn futures fell 2.4 percent to their lowest in nearly three years on Thursday as yield-boosting weather across the US Midwest raised already high expectations about a bumper harvest this fall. "The bears certainly took back control of the markets," s
Published 03 Aug, 2013 12:00am
Palm oil lower, posts biggest weekly gain in six months

Palm oil lower, posts biggest weekly gain in six months

Malaysian palm oil futures ended slightly lower on Friday, as traders booked profits ahead of the weekend, although losses were capped by an export jump in the second half of July that could keep a lid on stocks in the world's No 2 producer. Prices gained
Published 03 Aug, 2013 12:00am
ICE coffee climbs

ICE coffee climbs

ICE arabica coffee rose on Friday for the first time in six sessions, rebounding from the previous day's four-year low as the US dollar dropped, although plentiful supplies limited the upside of a market in a long-term downtrend. Cocoa trading on both Lif
Published 03 Aug, 2013 12:00am
Gold falls in New York

Gold falls in New York

Gold fell on Thursday, its fourth consecutive daily drop, hit by strong US factory data and a dollar rally after the European Central Bank chief said euro-zone interest rates will remain low for an extended period of time. Some traders stayed on the sidel
Published 03 Aug, 2013 12:00am
Gold slips in Asia

Gold slips in Asia

Gold slipped to a two-week low on Friday after falling through a key technical level near $1,300 as strong US economic data raised fears the Federal Reserve may start to taper its commodities-supportive stimulus measures. Spot gold fell 1.6 percent to $1,
Published 03 Aug, 2013 12:00am
Gold bounces in Europe

Gold bounces in Europe

Gold rebounded on Friday as the dollar dropped after mixed signals about the US labour market quashed prospects the Federal Reserve will start tapering its stimulus as early as next month. US employers slowed their pace of hiring in July, with job growth
Published 03 Aug, 2013 12:00am
US MIDDAY: soya rises

US MIDDAY: soya rises

US soyabean futures rose on Friday on technical buying after declines earlier in the week left the market oversold, traders said. Wheat also firmed as traders scrambled to cover short positions before the weekend. Chicago Board of Trade corn was mixed, wi
Published 03 Aug, 2013 12:00am
US MIDDAY: gold rebounds

US MIDDAY: gold rebounds

Gold rose on Friday following a sharp rebound from earlier lows, after mixed signals from the US nonfarm payrolls report suggested that the Federal Reserve could be more cautious about drawing down its economic stimulus program. Bullion still posted a nea
Published 03 Aug, 2013 12:00am
Pakistan: a contrarian bet worth taking

Pakistan: a contrarian bet worth taking

With its brisk kidnap industry, dirty politics and robust murder rate, commercial capital Karachi is an unlikely destination for a pair of go-getting financiers fired with the follow-the-money ethos of Wall Street. But the risk-hungry duo have forsaken bu
Published 03 Aug, 2013 12:00am
FPSC annual report 2012 presented to Zardari

FPSC annual report 2012 presented to Zardari

Chairman Federal Public Service Commission Malik Asif Hayat called on President Asif Ali Zardari in Islamabad on Friday and presented him the Annual Report-2012 of the FPSC. The Chairman on this occasion high lighted the role of FPSC in maintaining a stri
Published 03 Aug, 2013 12:00am
LHC rejects impersonator's unconditional apology

LHC rejects impersonator's unconditional apology

The Lahore High Court on Friday, rejecting unconditional apology of Punjab Beverage Company (Pvt) Ltd Director Finance Fayaz Hussain, directed the ministry of interior to place his name on exit control list (ECL). Fayaz Hussain through his counsel Abid Sa
Published 03 Aug, 2013 12:00am
Two killed, three injured in Swat road accident

Two killed, three injured in Swat road accident

At least two people were killed and three other sustained injuries in a passenger van accident that occurred near Bahrain area, district Swat, private television channels reported on Friday. According to the details, a passenger van was on its way when su
Published 03 Aug, 2013 12:00am
Raisani reaches Supreme Court to support Imran Khan

Raisani reaches Supreme Court to support Imran Khan

Former Balochistan Chief Minister Nawab Aslam Raisani on Friday reached the Supreme Court to express solidarity with the PTI chief Imran Khan in the contempt of court case two days ahead of the hearing on Friday. Raisani with shaved head attracted immedia
Published 03 Aug, 2013 12:00am
'Metro bus glorious project of Shahbaz'

'Metro bus glorious project of Shahbaz'

Vice President of prominent Chinese company Norinco International Corporation Limited Zhang Shiping paid rich tributes to Punjab Chief Minister Shahbaz Sharif, during the signing ceremony of memorandum of understanding for setting up solar power project i
Published 03 Aug, 2013 12:00am
Indus, Kabul, Chenab rivers in low flood

Indus, Kabul, Chenab rivers in low flood

The mighty Indus is in low flood at Tarbela, Kalabagh, Chashma, Guddu and Sukkur and rising whereas rivers Kabul at Nowshera and Chenab at Marala are also in low flood after widespread monsoon rains in the upper catchment areas of the rivers.
Published 03 Aug, 2013 12:00am
Man kills son

Man kills son

A father allegedly killed his son at village Wahola in Choa Sadan Shah police Station limit on Friday. Sabir Ijaz lodged the complaint with police that his father Ijaz Feroze killed his brother Ehsan Ijaz due to domestic dispute. The accused father stabbe
Published 03 Aug, 2013 12:00am
LDA demolishes illegal constructions

LDA demolishes illegal constructions

Staff of the Town Planning Wing of Lahore Development Authority (LDA) demolished as many as seven illegal constructions along Canal Road, Harbanspura, and in Gulberg besides sealing another two, on Friday. According to LDA's spokesperson, the LDA staff de
Published 03 Aug, 2013 12:00am
ANP Khyber Agency president's hujra attacked

ANP Khyber Agency president's hujra attacked

Unknown miscreants threw a hand grenade into the Hujra (guest house) of the president of ANP Khyber Agency Shah Hussain Shinwari on Thursday-Friday night. The hand grenade caused slight damage only to two parked cars inside the hujra of ANP leader. "Peopl
Published 03 Aug, 2013 12:00am
Increment in revenue be reported on monthly basis: LTUs, RTOs told

Increment in revenue be reported on monthly basis: LTUs, RTOs told

The Federal Board of Revenue has directed the Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to report increment in revenue undertaking new budgetary measures carved for 2013-14, on monthly basis. The FBR on Friday issu
Published 03 Aug, 2013 12:00am
CASW established in MUET

CASW established in MUET

The "Center for Advanced Studies in Water" (CASW) has been established in Mehran University of Engineering & Technology, Jamshoro, in collaboration of Higher Education Commission (HEC) and United States Agency for International Development (US AID). MUET
Published 03 Aug, 2013 12:00am
Power theft unearthed in residential plaza

Power theft unearthed in residential plaza

Federal Investigation Agency (FIA) unearthed power theft of Rs 15 million monthly in a residential plaza here on Friday and an accused is arrested. On the directives of Additional Director Javed Akbar Riaz, a team of FIA headed by Assistant Director Khali
Published 03 Aug, 2013 12:00am
SALU Academic Council Governor nominates members

SALU Academic Council Governor nominates members

The Registrar Shah Abdul Latif University (SALU), Khairpur Syed Abdul Ghaffar Shah Rashdi on Friday announced that the Governor Sindh/ Chancellor has nominated Dr Lutfullah Mangi Director Shikarpur Campus, Professor Dr Mohammad Tahir Rajput of Institute o
Published 03 Aug, 2013 12:00am
Power tariff hike to hit textile sector badly: PHMA

Power tariff hike to hit textile sector badly: PHMA

Pakistan Hosiery Manufacturers & Exporters Association (PHMA) on Friday feared the hike in electricity tariff will leave the textile sector "uncompetitive" in global market. "Another increase in electricity prices from August 1, would render this vital se
Published 03 Aug, 2013 12:00am
Religious leader, son killed in Rahimyarkhan

Religious leader, son killed in Rahimyarkhan

President of Shia Ulema Council Bahawalpur division, Shiekh Manzoor Hussain and his son, Haider Hussain, were killed in an attack outside their house here on Friday. According to police sources, Sheikh and his son were outside their residence in Abbasia T
Published 03 Aug, 2013 12:00am
Habib University hosts international workshop in Colombo

Habib University hosts international workshop in Colombo

Habib University (HU) hosted a two-day international workshop in Colombo, Sir Lanka on July 30. The Habib University Curriculum Design Workshop was held with an aim to develop world class and contextualized curricula for its ground-breaking Liberal Arts p
Published 03 Aug, 2013 12:00am
HEC to confer 63 Best University Teacher Awards

HEC to confer 63 Best University Teacher Awards

The Higher Education Commission (HEC) would confer Best University Teacher Awards 2011 upon 63 university faculty members. These 63 university teachers have been selected by Best Teacher Award Committee after comprehensive evaluation and scrutiny among th
Published 03 Aug, 2013 12:00am
WWF-Pakistan survey report: Dolphin population increasing in River Indus

WWF-Pakistan survey report: Dolphin population increasing in River Indus

The devastating floods of 2010 is believed as a triggering force to give rise to the dolphin population in certain parts of River Indus, besides increasing the distribution of marine human-friendly species, suggests a report of WWF-Pakistan. A survey repo
Published 03 Aug, 2013 12:00am
KU announcement

KU announcement

The University of Karachi on Friday announced the date for submission of forms for the B.Ed. Morning/ Evening Supplementary Examinations for 2012. An official of the institution asked the candidates to submit their forms up to August 16 at their respectiv
Published 03 Aug, 2013 12:00am
Federal minister calls on Shahbaz

Federal minister calls on Shahbaz

Federal Minister for Defence Production, Rana Tanvir Hussain called on Punjab Chief Minister Shahbaz Sharif here on Friday and discussed matters of mutual interest and steps taken by the government for controlling energy crisis. Speaking on the occasion,
Published 03 Aug, 2013 12:00am
Pakistan Army urged to take control of Parachinar

Pakistan Army urged to take control of Parachinar

Expressing concern over fragile security in Kurram Agency, members of Parachinar Reforms Committee have demanded that Pak Army should take control of Parachinar city by establishing a permanent military cantonment there. Speaking at a news conference here
Published 03 Aug, 2013 12:00am
Eid shopping continues despite high prices

Eid shopping continues despite high prices

As the holy month of Ramazan slowly creeps towards its end, flocks of eager customers are heading towards markets for Eid shopping while the shopkeeper increased prices of readymade garments, artificial jewellery, bangles, cosmetics etc to gain more profi
Published 03 Aug, 2013 12:00am
PIAF hails Punjab Governor's appointment

PIAF hails Punjab Governor's appointment

Pakistan Industrial and Traders Associations Front (PIAF) has congratulated the newly appointed Governor Punjab Choudhry Muhammad Sarwar and assured him of its full support for the progress and prosperity of the country.
Published 03 Aug, 2013 12:00am
Allied Rental Modaraba ratings upgraded

Allied Rental Modaraba ratings upgraded

JCR-VIS Credit Rating Company Limited has upgraded the medium to long-term entity rating of Allied Rental Modaraba (ARM) from 'A' (Single A) to 'A+' (Single A Plus). Short term rating has also been upgraded from 'A-2' (A-Two) to 'A-i' (A-One). Outlook on
Published 03 Aug, 2013 12:00am
Allied Rental Modaraba ratings upgraded

Allied Rental Modaraba ratings upgraded

JCR-VIS Credit Rating Company Limited has upgraded the medium to long-term entity rating of Allied Rental Modaraba (ARM) from 'A' (Single A) to 'A+' (Single A Plus). Short term rating has also been upgraded from 'A-2' (A-Two) to 'A-i' (A-One). Outlook on
Published 03 Aug, 2013 12:00am
40 mills agree to offload stocks with TCP

40 mills agree to offload stocks with TCP

In response to sugar procurement tender, some 40 mills are agreed to offload their stocks with Trading Corporation of Pakistan (TCP). TCP floated a gallop tender on July 18, 2013, for purchase of 50,000 tons of sugar from the local mills. The tender was o
Published 03 Aug, 2013 12:00am
Fazl and Malik still using 'Ministers' Enclave'

Fazl and Malik still using 'Ministers' Enclave'

Former Federal minister for Interior Rehman Malik and Chairman Special Committee of Parliament on Kashmir Maulana Fazlur Rehman have not yet vacated their official residence located in the Ministers Enclave. An official source stated that under the law, f
Published 03 Aug, 2013 12:00am
Challan in acid case: D&SJ asked to submit report within 3 days

Challan in acid case: D&SJ asked to submit report within 3 days

Chief Justice Lahore High Court has directed District and Sessions Judge (D&SJ), Toba Tek Singh to submit his report about the submission of challan of a case of a man, who attacked his relative woman with acid, before the relevant court within three days
Published 03 Aug, 2013 12:00am
Samsung Smart Summer campaign launched

Samsung Smart Summer campaign launched

Samsung Electronics, a market leader and award-winning innovator in the electronics industry, has announced the first week winners of its smashing summer camping for valued customers. The offer named "Samsung Smart Summer 2013" gives an unprecedented chan
Published 03 Aug, 2013 12:00am
Solar power project: Punjab government signs MoU with Chinese firm

Solar power project: Punjab government signs MoU with Chinese firm

A Memorandum of Understanding (MoU) was signed between Punjab government and a prominent Chinese company Norinco International Corporation Limited for setting up a solar power project on Friday. Secretary Energy, Usman Bajwa and Vice President, Norinco In
Published 03 Aug, 2013 12:00am
Emirates marks fifth anniversary of double-decker A380

Emirates marks fifth anniversary of double-decker A380

Emirates has carried more than 18 million passengers on its double-decker A380 as the airline marks the fifth anniversary of the aircraft joining its fleet. According to press release issued by Emirates Airline here on Friday, it was August 1, 2008, when
Published 03 Aug, 2013 12:00am
Power theft in three housing societies unearthed

Power theft in three housing societies unearthed

A team of Water and Power Development Authority (Wapda) unearthed massive power theft in three housing societies here on Friday. According to details, a team of Wapda officials on a tip-off conducted raid on three housing societies in Qila Deedar Singh of
Published 03 Aug, 2013 12:00am
Flour prices to remain unchanged

Flour prices to remain unchanged

The Punjab government has decided not to allow any increase in the price of Atta; thus a 10-kg Atta bag will be available at Rs 315 in Ramazan bazaars while a 20-kg bag will be sold at Rs 670 in the open market. This was decided in a meeting presided over
Published 03 Aug, 2013 12:00am
Punjab to lease out WWB's building

Punjab to lease out WWB's building

Punjab government has decided to lease out the Workers Welfare Board's (WWB) building situated on Raiwind Road for 99 years to COMSATS Institute of Information and Technology as recognition of its services in the field of Information Technology. This was
Published 03 Aug, 2013 12:00am
GCU extends date for inter admissions

GCU extends date for inter admissions

Government College University Lahore Vice Chancellor Professor Dr Muhammad Khaleeq-ur-Rahman, due to heavy rain in the city on Friday, has extended the last day for submitting admission forms to intermediate programme till August 3, 2013 (today). The GCU
Published 03 Aug, 2013 12:00am
PEF-SBSP schools set new record in SSC exams

PEF-SBSP schools set new record in SSC exams

As many as six students of different schools partnered with the Punjab Education Foundation (PEF) under its 'Subject Based Support Programme' (SBSP) have set a new record by securing more than 1,000 marks in the Matric exams, 2013. According to the PEF sp
Published 03 Aug, 2013 12:00am
Passco posts Rs 421.312 million net profit

Passco posts Rs 421.312 million net profit

Pakistan Agricultural Storage and Services Corporation (Passco) has posted a net profit of Rs 421.312 million besides contributing Rs 814.944 million to the national kitty in shape of taxes. A spokesman of the Corporation on Friday announced that accordin
Published 03 Aug, 2013 12:00am
KBP condemns hike in power, POL rates

KBP condemns hike in power, POL rates

Kisan Board Pakistan (KBP) has strongly criticised the government for increase in the electricity and petroleum prices and termed it as exploitation of the growers and whole of the nation. KBP Chief Sardar Zafar Hussein reacting to fresh hike in power and
Published 03 Aug, 2013 12:00am
Russian company keen to convert furnace oil power plants to coal

Russian company keen to convert furnace oil power plants to coal

A Russian Engineering Company, JSC Technopromexport, has expressed "keen interest" in the conversion of existing furnace oil power plants to the coal fuel plants. In this connection, a delegation of Technopromexports Company headed by Deputy Director Gene
Published 03 Aug, 2013 12:00am
Economic policy: Zardari's statement irks PML-N, PTI

Economic policy: Zardari's statement irks PML-N, PTI

Pakistan Muslim League-Nawaz (PML-N) termed President Zardari's statement about the economic policy as unstable and said that it is prerogative of federal government to give policy statement. "The statement of the President is above understanding. During
Published 03 Aug, 2013 12:00am
GCU launches MS programme on Layyah campus

GCU launches MS programme on Layyah campus

The GC University Faisalabad has launched the MPhil and MS programme at its Layyah campus in order to provide an opportunity of quality education to the inhabitants at their door steps. The launching of programmes was inaugurated by GC University Faisalab
Published 03 Aug, 2013 12:00am
Faisalabad expanding rapidly without any planning: DCO

Faisalabad expanding rapidly without any planning: DCO

The district administration has started Peri-Urban Planning with the technical support of urban unit, Punjab, and this task would be completed within 3 months period with the joint efforts of District government Departments. This was disclosed in a meetin
Published 03 Aug, 2013 12:00am
Three 'robbers' thrashed by people

Three 'robbers' thrashed by people

Three robbers, including two women, were caught red handed and thrashed by people in Ghulam Muhammadabad police station. According to police, four bandits, including two women, stormed into the house of a trader, Zahid Imran, in Sultan Town and held the e
Published 03 Aug, 2013 12:00am
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