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Jan 16, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-10-29
Embattled G4S rejects $2.5 billion offer for cash delivery unit

Embattled G4S rejects $2.5 billion offer for cash delivery unit

G4S, the world's largest security services firm which is fighting to restore its reputation after a series of contract scandals, has rejected a $2.5-billion offer for its cash transport business. G4S said on Monday that the 1.55-billion pound bid from Bri
Published 29 Oct, 2013 12:00am
Embattled G4S rejects $2.5 billion offer for cash delivery unit

Embattled G4S rejects $2.5 billion offer for cash delivery unit

G4S, the world's largest security services firm which is fighting to restore its reputation after a series of contract scandals, has rejected a $2.5-billion offer for its cash transport business. G4S said on Monday that the 1.55-billion pound bid from Bri
Published 29 Oct, 2013 12:00am
Spain seeks to privatise up to 60 percent of Aena

Spain seeks to privatise up to 60 percent of Aena

Spain is seeking three to five core investors to buy 20 percent to 30 percent of debt-burdened state airport operator Aena and may then float further shares to leave as much as 60 percent of the company in private hands, according to an official report. T
Published 29 Oct, 2013 12:00am
Maruti Suzuki sees higher import costs on weak rupee

Maruti Suzuki sees higher import costs on weak rupee

India's biggest carmaker Maruti Suzuki said a weak rupee would increase import expenses in the second half of its fiscal year, after costs cuts led to a better-than-expected tripling in quarterly net profit from a low base. Maruti Suzuki India Ltd, like a
Published 29 Oct, 2013 12:00am
Maruti Suzuki sees higher import costs on weak rupee

Maruti Suzuki sees higher import costs on weak rupee

India's biggest carmaker Maruti Suzuki said a weak rupee would increase import expenses in the second half of its fiscal year, after costs cuts led to a better-than-expected tripling in quarterly net profit from a low base. Maruti Suzuki India Ltd, like a
Published 29 Oct, 2013 12:00am
South Korea's consumer sentiment hits 1-1/2 year high

South Korea's consumer sentiment hits 1-1/2 year high

South Korea's consumer confidence leapt in October to its highest since mid-2012 as tame inflation and low interest rates boosted sentiment in a recovering economy. The composite consumer index (CCSI), compiled from a survey by the Bank of Korea, rose to
Published 29 Oct, 2013 12:00am
US factory, housing data suggest economy losing steam

US factory, housing data suggest economy losing steam

US manufacturing output barely rose in September and contracts to buy previously owned homes recorded their largest drop in nearly 3-1/2 years, the latest signs the economy's momentum ebbed as the third quarter ended. The reports on Monday showed economic
Published 29 Oct, 2013 12:00am
Hong Kong stocks higher, China flat

Hong Kong stocks higher, China flat

Hong Kong stocks closed 0.48 percent higher on bargain-buying Monday and following a positive lead from Wall Street. The benchmark Hang Seng Index added 108.24 points to 22,806.58 on turnover of HK$48.10 billion ($6.21 billion). The modest rise came after
Published 29 Oct, 2013 12:00am
Tokyo stocks up 2.19 percent

Tokyo stocks up 2.19 percent

Tokyo stocks closed 2.19 percent higher on Monday, boosted by a rally on Wall Street and a weaker yen. The benchmark Nikkei 225 index soared 307.85 points to 14,396.04, while the Topix index of all first-section shares climbed 1.70 percent, or 20.08 point
Published 29 Oct, 2013 12:00am
Seoul shares rebound

Seoul shares rebound

Seoul shares rebounded on Monday, erasing Friday's losses, with persistent foreign buying interest boosting index heavyweights such as Samsung Electronics. The Korea Composite Stock Price Index (KOSPI) closed up 0.7 percent at 2,048.14 points on Monday, a
Published 29 Oct, 2013 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose 0.7 percent on Monday, joining some regional bourses in gains as investors bought into land asset plays on hopes a rising local currency will boost their asset values. At about two hours into trade, the main TAIEX index had jumped to 8,
Published 29 Oct, 2013 12:00am
Saudi shares extend losses; most Gulf markets dip

Saudi shares extend losses; most Gulf markets dip

Saudi Arabia's shares extended losses on Monday as earnings disappointed investors, while most other Middle East bourses retreated in profit-taking. Saudi's retail and telecom sectors led declines after key companies' profits missed analysts' expectations
Published 29 Oct, 2013 12:00am
Australian shares at new five-year high

Australian shares at new five-year high

Australian shares jumped 1 percent to a new five-year high on Monday as major banks climbed on expectations of another stellar set of earnings and the broader market took a positive lead from Wall Street after the S&P 500 hit a record peak on Friday. The
Published 29 Oct, 2013 12:00am
Indian shares near 1-1/2 week low

Indian shares near 1-1/2 week low

Indian shares fell on Monday for a fifth consecutive session to mark their lowest close in nearly 1-1/2 weeks, as lenders and other interest rate-sensitive shares declined a day before the central bank's monetary policy review. The Reserve Bank of India i
Published 29 Oct, 2013 12:00am
European shares drift lower, InterContinental weak

European shares drift lower, InterContinental weak

European shares inched lower on Monday, with investors wary about placing large bets in the run-up to US economic data later in the week that could provide clues as to when the Federal Reserve might scale back its stimulus programme. The FTSEurofirst 300
Published 29 Oct, 2013 12:00am
South African stocks book record close

South African stocks book record close

South African stocks booked a record close on Monday with the broader All Share index coming within a point of its all-time high as shares of bullion producers like Gold Fields rose in line with a firmer spot price for the metal. The JSE All-share index g
Published 29 Oct, 2013 12:00am
Southeast Asian stocks mixed

Southeast Asian stocks mixed

Malaysian stocks ended slightly higher on Monday amid optimism about the government's proposed budget for 2014, while Thai stocks fell for a second session as weak factory output for September worried investors about the pace of economic recovery. Malaysi
Published 29 Oct, 2013 12:00am
FTSE stalls at five-month high

FTSE stalls at five-month high

Britain's bluechip share index steadied on Monday after hitting a five-month high, stalling just above the key 6,700 points level as a mixed crop of earnings led to profit taking and bad weather curbed activity. Airlines were among those hit by profit tak
Published 29 Oct, 2013 12:00am
Dollar steadies in Asia

Dollar steadies in Asia

The dollar licked its wounds on Monday, steadying against major counterparts before the US Federal Reserve's policy-setting meeting following a testing week in which it tumbled to two-year lows against the euro. Economists and market participants widely e
Published 29 Oct, 2013 12:00am
Early trade in New York: dollar gains, but near nine-month low

Early trade in New York: dollar gains, but near nine-month low

The dollar notched moderate gains on Monday but held close to a nine-month low against a basket of currencies, with most investors convinced the Fed will maintain its ultra-loose monetary policy when it meets this week and in the months ahead. The Federal
Published 29 Oct, 2013 12:00am
Dollar slips towards nine-month low in London

Dollar slips towards nine-month low in London

The dollar slipped towards a nine-month low against a basket of currencies on Monday, with investors increasingly confident the Federal Reserve will stick to its ultra-loose monetary policy this week. The Fed starts a two-day policy meeting on Tuesday and
Published 29 Oct, 2013 12:00am
Ringgit at four-month high

Ringgit at four-month high

The Malaysian ringgit led gains in emerging Asia, racing to its highest in more than four months on Monday as investors welcomed government steps to tackle a worrying fiscal deficit. The ringgit rose as much as 1.1 percent to 3.1220 per dollar, its strong
Published 29 Oct, 2013 12:00am
Sterling dips against dollar

Sterling dips against dollar

Sterling dipped against the dollar on Monday after a survey showed a drop in retail sales in October and a Bank of England policymaker said rate hikes before a meaningful fall in the jobless rate would damage the economy. Gilt yields held steady near two-
Published 29 Oct, 2013 12:00am
Australian and New Zealand dollars up

Australian and New Zealand dollars up

The Australian and New Zealand dollars clawed their way back from the depths on Monday after a rise in Asian bourses and a soft yen lifted risk sentiment. The Aussie inched up to $0.9600, from a trough of $0.9572 on Friday, underpinned by a 1 percent incr
Published 29 Oct, 2013 12:00am
Indian rupee edges lower

Indian rupee edges lower

The Indian rupee edged down on Monday, a day before the central bank policy review when it is widely expected to raise interest rates to fight inflationary pressures even as the economy grows at its slowest in a decade. The Reserve Bank of India's macroec
Published 29 Oct, 2013 12:00am
Yuan rises

Yuan rises

China's yuan rose against the dollar on Monday, after the central bank set the midpoint near its highest with traders expecting strength in the Chinese currency to sustain for the rest of the year. The People's Bank of China (PBOC) guided its currency to
Published 29 Oct, 2013 12:00am
FBR transfers, postings

FBR transfers, postings

The FBR has transferred and posted 47 officers of BS-17-19 with immediate effect.
Published 29 Oct, 2013 12:00am
Four women die in road accident

Four women die in road accident

At least four women were killed and several others injured as a vehicle carrying participants of a wedding hit a tree here on Monday. According to police, a Hiace van carrying attendants of a wedding party from Samar Bagh to Nasir Kaley skidded off road d
Published 29 Oct, 2013 12:00am
AKTI holding tax reform conference today

AKTI holding tax reform conference today

With a view to start consultations with businessmen, All Karachi Tajir Ittehad (AKTI) is holding a tax reforms conference on Tuesday (today) to propose amendments to what they called 'controversial' taxation laws. "We are going to hold a conference with a
Published 29 Oct, 2013 12:00am
Fatima Fertilizer announces earnings of Rs 2.439 billion

Fatima Fertilizer announces earnings of Rs 2.439 billion

Fatima Fertilizer Company Limited (FATIMA) has announced earnings of Rs 2.439 billion (EPS of Rs 1.16) in third quarter of CY13 (3Q2013) compared to Rs 1.417 billion (EPS of Rs 0.67) in the same period last year. Cumulatively, with 45 percent YoY higher,
Published 29 Oct, 2013 12:00am
Fatima Fertilizer announces earnings of Rs 2.439 billion

Fatima Fertilizer announces earnings of Rs 2.439 billion

Fatima Fertilizer Company Limited (FATIMA) has announced earnings of Rs 2.439 billion (EPS of Rs 1.16) in third quarter of CY13 (3Q2013) compared to Rs 1.417 billion (EPS of Rs 0.67) in the same period last year. Cumulatively, with 45 percent YoY higher,
Published 29 Oct, 2013 12:00am
Bank Al Habib posts Rs 3.69 billion net profit in 9M2013

Bank Al Habib posts Rs 3.69 billion net profit in 9M2013

Bank Al Habib Limited has posted a profit after tax of Rs 3.69 billion for the first nine months (January-September) of current calendar year (9M2013) as compared to Rs 3.88 billion in same period of last year. The bank's earning per share declined to Rs
Published 29 Oct, 2013 12:00am
Bank Al Habib posts Rs 3.69 billion net profit in 9M2013

Bank Al Habib posts Rs 3.69 billion net profit in 9M2013

Bank Al Habib Limited has posted a profit after tax of Rs 3.69 billion for the first nine months (January-September) of current calendar year (9M2013) as compared to Rs 3.88 billion in same period of last year. The bank's earning per share declined to Rs
Published 29 Oct, 2013 12:00am
Khattak comes down hard on ANP legislators

Khattak comes down hard on ANP legislators

Khyber Pakhtunkhwa Chief Minister Pervez Khattak reminded the opposition of the 'loot and plunder' committed during the previous government and 'conversion' of the Chief Minister's House into a 'stock exchange'. Responding to the criticism of his governme
Published 29 Oct, 2013 12:00am
LEAs arrest 70 suspects

LEAs arrest 70 suspects

Law Enforcement Agencies (LEAs) on Monday claimed to have arrested over 70 felons including Lyari gangsters and extortionists in separate raids in different areas of the metropolis. According to police sources, Special Investigation Unit (SIU) conducted r
Published 29 Oct, 2013 12:00am
Silkbank announces third quarter results

Silkbank announces third quarter results

Silkbank has announced its Q3 results 2013, recording a growth in deposits, closing the quarter at Rs 70.85 billion. This growth was accompanied by a rise in gross advances by Rs 3.37 billion. The remittance business also improved by 60 percent and with m
Published 29 Oct, 2013 12:00am
Silkbank announces third quarter results

Silkbank announces third quarter results

Silkbank has announced its Q3 results 2013, recording a growth in deposits, closing the quarter at Rs 70.85 billion. This growth was accompanied by a rise in gross advances by Rs 3.37 billion. The remittance business also improved by 60 percent and with m
Published 29 Oct, 2013 12:00am
Serena predicts even better years to come

Serena predicts even better years to come

Serena Williams believes her best years may still be ahead of her after she ended 2013 in record-breaking style on Sunday. The 32-year-old American successfully defended her WTA Championships title, beating Li Na, 2-6, 6-3, 6-0, to finish 2013 with a 78th
Published 29 Oct, 2013 12:00am
New Zealand to seek revenge in Bangladesh ODIs

New Zealand to seek revenge in Bangladesh ODIs

New Zealand will be seeking to avenge a humiliating loss to Bangladesh three years ago when the one-day international series against the hosts starts in Dhaka on Tuesday. New Zealand were stunned in 2010 when they went down 4-0 to a young Bangladeshi side
Published 29 Oct, 2013 12:00am
India postpones new league

India postpones new league

A new football tournament in India that was to feature former international stars of the game has been postponed after opposition from domestic clubs, organisers said Monday. The franchise-based event by the All India Football Federation (AIFF) and its co
Published 29 Oct, 2013 12:00am
Hughes criticises Australia Ashes build-up

Hughes criticises Australia Ashes build-up

Former Test paceman Merv Hughes says he is dumbfounded by Australia's Ashes build-up and has given his countrymen little hope of beating England in the series starting next month. Hughes, a one-time selector, said he was incredulous that Australia were pl
Published 29 Oct, 2013 12:00am
Platini in favour of bigger World Cup

Platini in favour of bigger World Cup

UEFA chief Michel Platini has said he is in favour of increasing the number of teams taking part in the World Cup finals from the current 32 to 40. The Frenchman has been behind several innovative ideas since taking over at the helm of European football's
Published 29 Oct, 2013 12:00am
Misbah hopes conditions give edge over SA in ODI series

Misbah hopes conditions give edge over SA in ODI series

Pakistan skipper Misbah-ul Haq is hoping his side can bounce back from their crushing second Test defeat when the five-match One-day series with South Africa starts in Sharjah on Wednesday. With what he calls favourable conditions in the United Arab Emira
Published 29 Oct, 2013 12:00am
'Lost world' discovered in remote Australia

'Lost world' discovered in remote Australia

An expedition to a remote part of northern Australia has uncovered three new vertebrate species isolated for millions of years, with scientists Monday calling the area a "lost world". Conrad Hoskin from James Cook University and a National Geographic film
Published 29 Oct, 2013 12:00am
Fresh violence erupts across Bangladesh

Fresh violence erupts across Bangladesh

Fresh violence erupted across Bangladesh on Monday, leaving at least four people dead as rival party activists clashed on the second day of a strike amid a mounting political crisis. Police said street battles broke out throughout Bangladesh between thous
Published 29 Oct, 2013 12:00am
Tear gas fired to disperse pro-Morsi demonstration in Egypt

Tear gas fired to disperse pro-Morsi demonstration in Egypt

Egyptian security forces on Monday fired tear gas to disperse students protesting in support of ousted Islamist president Mohamed Morsi, security officials said. The protesters marched outside the campus of Al-Azhar university in Cairo and blocked a main
Published 29 Oct, 2013 12:00am
Israel shoots down Gaza rocket, readies prisoner release

Israel shoots down Gaza rocket, readies prisoner release

Palestinians in the Gaza Strip fired two rockets at a southern Israeli coastal city on Monday and Israel's Iron Dome interceptor shot down one while the other fell into the sea, a military spokeswoman said. Within hours, Israel's air force bombed what a m
Published 29 Oct, 2013 12:00am
Syria a 'stain' on global conscience, says Barroso

Syria a 'stain' on global conscience, says Barroso

The suffering of millions of Syrians caught up in their homeland's civil war is a "stain" on the world's conscience, European Commission head Jose Manuel Barroso said Monday. "The pain and suffering of the Syrian people is beyond what we can tolerate. It
Published 29 Oct, 2013 12:00am
Five killed as car ploughs into crowd in Beijing

Five killed as car ploughs into crowd in Beijing

Five people were killed and dozens injured on Monday, the government said, when a car ploughed into pedestrians and caught fire in Beijing's Tiananmen Square, the site of 1989 pro-democracy protests bloodily suppressed by the military. Chinese Foreign Min
Published 29 Oct, 2013 12:00am
Turkish police fire water cannon to break up protest

Turkish police fire water cannon to break up protest

Turkish police fired water cannon and teargas on Monday to break up a protest by around 2,000 people outside an Ankara court over the handling of the trial of a policeman accused of killing a demonstrator earlier this year. A group of protesters wielding
Published 29 Oct, 2013 12:00am
Georgia enters new era with Prime Minister ally poll win

Georgia enters new era with Prime Minister ally poll win

A loyalist of Georgia's billionaire Prime Minister Bidzina Ivanishvili ushered in a new era for the ex-Soviet state after scoring a landslide win at a presidential poll to replace reformer Mikheil Saakashvili. Giorgi Margvelashvili, a hitherto little know
Published 29 Oct, 2013 12:00am
Storm kills three in UK and Netherlands, shuts down power, trains

Storm kills three in UK and Netherlands, shuts down power, trains

A strong storm battered Britain and the Netherlands on Monday, killing three people, cutting power and forcing hundreds of plane and train cancellations as it moved on across mainland Europe. Winds of up to 99 miles per hour (160 km per hour) lashed south
Published 29 Oct, 2013 12:00am
Million demand justice over Kenyan 'grass cutting' rapists

Million demand justice over Kenyan 'grass cutting' rapists

Over one million furious campaigners have signed a petition demanding justice after three men accused of brutally gang raping a Kenyan schoolgirl were ordered to cut grass as punishment. The ferocious attack on the teenage girl and lack of action against
Published 29 Oct, 2013 12:00am
Doctor convicted in Michael Jackson death leaves prison

Doctor convicted in Michael Jackson death leaves prison

Michael Jackson's personal physician, convicted of manslaughter for administering a lethal dose of anesthetic to the pop singer, was released from a Los Angeles prison on Monday after serving half of his four-year sentence. Conrad Murray was released to h
Published 29 Oct, 2013 12:00am
Fifty charged in Romania mass tax evasion probe

Fifty charged in Romania mass tax evasion probe

Fifty people suspected of having set up a vast tax evasion network that defrauded the Romanian state of tens of millions of euros were charged in Bucharest Monday, anti-graft prosecutors said. Fifty million euros ($69 million) were defrauded from the stat
Published 29 Oct, 2013 12:00am
MNA's interim bail extended

MNA's interim bail extended

The Lahore High Court (LHC) on Monday extended interim bail of PTI MNA and former federal minister, Ghulam Sarwar, in fake degree case till October 30. Ghulam Sarwar's lawyer told the court that case of fake degree against his client was baseless and fals
Published 29 Oct, 2013 12:00am
Khyber Pakhtunkhwa Assembly body withdraws 26 clauses of LG Bill 2013

Khyber Pakhtunkhwa Assembly body withdraws 26 clauses of LG Bill 2013

The Select Committee of Khyber Pakhtunkhwa Assembly on Local Government unanimously withdrew 26 clauses, postponed two clauses and accepted one clause of the Local Government Bill 2013 for necessary amendment, here on Monday. The fourth meeting of the Com
Published 29 Oct, 2013 12:00am
Four runaway children reunited with their families

Four runaway children reunited with their families

National Highways and Motorway Police has reunited four lost/run away children with their parents. As per details, Motorway Police Officers PO Sohail Arif and APO Noorullah were on their routine patrolling duty on motorway in the area of Swabi and found a
Published 29 Oct, 2013 12:00am
Pakistan Telecommunication Company Limited

Pakistan Telecommunication Company Limited

Pakistan Telecommunication Company Limited (PTCL) is the largest telecom carrier in Pakistan. It holds licenses to operate in a variety of telecom segments, including Fixed Local Loop (FLL-landlines) telephony, Wireless Local Loop (WLL) telephony, mobile
Published 29 Oct, 2013 12:00am
Pakistan Telecommunication Company Limited

Pakistan Telecommunication Company Limited

Pakistan Telecommunication Company Limited (PTCL) is the largest telecom carrier in Pakistan. It holds licenses to operate in a variety of telecom segments, including Fixed Local Loop (FLL-landlines) telephony, Wireless Local Loop (WLL) telephony, mobile
Published 29 Oct, 2013 12:00am
Appointment in higher judiciary: procedures need to ensure merit: Asma

Appointment in higher judiciary: procedures need to ensure merit: Asma

Former president of Supreme Court Bar Association, Asma Jahangir, has said the present procedure for appointment of judges in higher judiciary is not based on merit. Talking to media at Lahore High Court here Monday Asma urged Judicial Commission to adopt
Published 29 Oct, 2013 12:00am
LB polls: Zardari to hold party meeting tomorrow

LB polls: Zardari to hold party meeting tomorrow

Former president and PPP Co-chairman Asif Ali Zardari will hold an important meeting of party leadership in the city tomorrow to discuss the upcoming local bodies' elections. Reliable sources said Asif Zardari will be in city to revive party activities in
Published 29 Oct, 2013 12:00am
Alarming rise in breast cancer incidence

Alarming rise in breast cancer incidence

Clinical oncologists have raised the alarm that there is frightening increase in the ratio of breast cancer in Pakistan, and recent statistics show that now every 8th woman in the country is at the risk of suffering from this fatal disease. These oncologi
Published 29 Oct, 2013 12:00am
No wisdom in privatising state institutions: Siraj

No wisdom in privatising state institutions: Siraj

Senior Khyber Pakhtunkhwa Minister Sirajul Haq has said that there is no wisdom in privatising state institutions, which actually require to be purged of corruption. He was speaking at a national labour conference at Aiwan-e-Iqbal, held under the aegis of
Published 29 Oct, 2013 12:00am
Hamid asks lawyers to forge unity

Hamid asks lawyers to forge unity

Former president Supreme Court Bar Association (SCBA) Hamid Khan has said that the SCBA has always been hijacked by certain elements and groups to use the forum for their vested interests. He was speaking to lawyers during a programme held here at Peshawa
Published 29 Oct, 2013 12:00am
Security plan discussed with religious sects

Security plan discussed with religious sects

For maintaining peaceful environment, security, religious harmony and cleanliness during Muharram-ul-Haraam, the District Administration held separate meetings with Shia, Ahl-e-Sunnat and Idara Tabligh-e-Islam. Deputy Commissioner (DC) Peshawar Syed Zahee
Published 29 Oct, 2013 12:00am
Government asked to initiate peace talks with Taliban

Government asked to initiate peace talks with Taliban

Jamaat-i-Islami Khyber Pakhtunkhwa has repeatedly asked the federal government to immediate initiate talks with Taliban. "The dialogue process with Taliban should be started as per recommendations of All Parties Conference. The government needs to take na
Published 29 Oct, 2013 12:00am
Mandatory filing: number of returns, wealth statements to rise manifold

Mandatory filing: number of returns, wealth statements to rise manifold

The total number of income tax returns filed and wealth statements would witness a massive rise by the deadline of November 30, 2013 following mandatory filing of wealth statement and returns by salaried class, parliamentarians, federal/provincial governm
Published 29 Oct, 2013 12:00am
ECP restores membership of 20 parliamentarians

ECP restores membership of 20 parliamentarians

The Election Commission of Pakistan (ECP) on Monday restored the memberships of 20 suspended members after they submitted the details of their assets. According to details, membership of dozens of lawmakers was suspended for failure to provide assets deta
Published 29 Oct, 2013 12:00am
Peace in Pakistan

Peace in Pakistan

There is no denying that the government is required to hold talks with Taliban for peace in the country. Similarly, the government is also required to reach out to sectarian outfits. It is about time those in authority realised the gravity of the situatio
Published 29 Oct, 2013 12:00am
Convalescent eurozone seeks to escape debt overhang

Convalescent eurozone seeks to escape debt overhang

As the eurozone's weakest members crawl out of their longest recession in modern history, their prospects of recovery are weighed down by a crushing mountain of debt far heavier than before four years of financial crisis. Italy, Greece, Ireland and Portug
Published 29 Oct, 2013 12:00am
Bank of America verdict spotlights US focus on civil cases

Bank of America verdict spotlights US focus on civil cases

The US Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation's largest banks over conduct that fuelled the financial crisis. To convince a jury that Bank of America engaged in fraud, lawyers in the
Published 29 Oct, 2013 12:00am
Denying realities

Denying realities

Prime Minister Nawaz Sharif's much talked-about visit to Washington ended with precious little in terms of securing clear US commitments to the issues discussed with President Obama - drone attacks, trade facilitation, assistance in development projects,
Published 29 Oct, 2013 12:00am
US spying on its allies

US spying on its allies

German Chancellor Angela Merkel and other EU leaders are furious over the latest revelations by American whistleblower Edward Snowden of US bugging the Chancellor's phone. German Foreign Minister who summoned the US ambassador to his ministry told the med
Published 29 Oct, 2013 12:00am
Rise in current account deficit

Rise in current account deficit

Those who believed that the problems with the external sector of the country will fade away after the signing of EFF programme with the IMF may have to think again. According to the latest data released by the State Bank of Pakistan on 23rd October, 2013,
Published 29 Oct, 2013 12:00am
Minister calls to curb artificial price hike

Minister calls to curb artificial price hike

Punjab Food Minister Bilal Yasin and District Co-ordination Officer Lahore Dr Ahmed Javed Qazi jointly chaired a meeting in connection with prices of essential commodities and Sunday bazaars here on Monday. The meeting was attended by Additional District
Published 29 Oct, 2013 12:00am
Khurshid Anwar's death anniversary tomorrow

Khurshid Anwar's death anniversary tomorrow

The death anniversary of Khawaja Khurshid Anwar, a legendry music director in the film history of the sub-continent is being observed on October 30. Born on March 21‚ 1912 in Mianwali, Khawaja Khurshid Anwar died at the age of 72 on October 30‚ 1984 in La
Published 29 Oct, 2013 12:00am
MQM seeks impartiality in Karachi operation

MQM seeks impartiality in Karachi operation

The Muttahida Qaumi Movement (MQM) Rabita Committee has demanded impartiality in Karachi targeted operation against the miscreants. Talking to media persons here on Monday, member MQM Rabita Committee Ameen-ul-Haq said that an inquiry committee should be
Published 29 Oct, 2013 12:00am
Pakistan's impressive participation in Yarn Expo 2013

Pakistan's impressive participation in Yarn Expo 2013

Yarn Expo Autumn showcased 21 companies from Pakistan representing natural and blended yarns including cotton, wool and flax, ramie as well as regenerated and man-made fibres and yarns, plus a broad range of specialty products including elastic, and fancy
Published 29 Oct, 2013 12:00am
Establishment of rescue & rapid response force demanded

Establishment of rescue & rapid response force demanded

Chairman Law and Order Committee of Korangi Association of Trade and Industry (KATI), Nadeem Khan has demanded the establishment of rescue and rapid response force headed by Commissioner Karachi for dealing with fire emergencies and other unexpected devas
Published 29 Oct, 2013 12:00am
ANP rejects Hoti's allegations against party's top leadership

ANP rejects Hoti's allegations against party's top leadership

Awami National Party (ANP) has outrightly rejected the allegations levelled against the party's top leadership by its former member Senator Azam Khan Hoti and said that allegations were unfounded and fabricated. "Since the party had expelled Azam Khan Hot
Published 29 Oct, 2013 12:00am
KB urges government to declare water as national asset

KB urges government to declare water as national asset

Kisan Board Pakistan (KBP) Central President Sardar Zafar Hussein has urged the rulers to immediately declare water as a national asset and make efforts for implementation on Indus Basin Water Treaty instead of entering in to any new agreement with India.
Published 29 Oct, 2013 12:00am
Preventive measures against Congo fever directed

Preventive measures against Congo fever directed

Deputy Commissioner Kohat Saadat Hassan has directed the health department to concentrate on preventive measures to stop the spread of Congo fever. He also directed the department to launch a co-ordinated awareness campaign for the general public. He was
Published 29 Oct, 2013 12:00am
New customs values of split air-conditioners issued

New customs values of split air-conditioners issued

Directorate General of Customs Valuation Karachi has issued new customs value of the import of Split Air-conditioners from China and Far Eastern countries excluding Japan. It is learnt on Monday that the Directorate General of Customs Valuation Karachi ha
Published 29 Oct, 2013 12:00am
Three bodies recovered

Three bodies recovered

Security personnel recovered bodies of three unidentified persons here on Monday. According to the police, bullet riddled bodies of three persons were recovered in Marwik area near Shama Hotel in Hangu. The bodies were shifted to District Headquarters (DH
Published 29 Oct, 2013 12:00am
Terrorist involved in Chilas tragedy arrested

Terrorist involved in Chilas tragedy arrested

The police on Monday arrested a terrorist involved in murder of 10 passengers in Chilas last year. According to the details, the accused, that pulled down 10 passengers from a bus near Gonor Farm in Chilas on April 03, 2012, was nabbed during raid on a ho
Published 29 Oct, 2013 12:00am
Khyber Pakhtunkhwa IGP pays surprise visit to police stations

Khyber Pakhtunkhwa IGP pays surprise visit to police stations

Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani on Monday paid a surprise visit to three police stations situated at the boundary line of Peshawar at Regi, Nasir Bagh and Regi Model Town. The Police Chief thoroughly checked the rec
Published 29 Oct, 2013 12:00am
Danish envoy lauds Pakistan's role in global war against terrorism

Danish envoy lauds Pakistan's role in global war against terrorism

The Ambassador of Denmark, Jesper Moller Sorensen, has said that Pakistan is playing very important role in the global war against terrorism. Speaking at the inaugural session of the 7th Regional Workshop for Police Officers, Prosecutors and Judges in Sou
Published 29 Oct, 2013 12:00am
Debate on 'national food & nutritional policy draft' organised

Debate on 'national food & nutritional policy draft' organised

Oxfam GB, Pakistan and Action Aid, Pakistan Monday jointly organised national debate concerning the National Food and Nutritional Policy draft developed by the Ministry of National Food Security and Research. The event was aimed at bringing all the releva
Published 29 Oct, 2013 12:00am
General Tyre plans to set up plant in North

General Tyre plans to set up plant in North

Chairman General Tyre, Lieutenant General Ali Kuli Khan Khattak (Retd) has said that company has a plan to set up a manufacturing plant in North "where we could produce some new products to supplement our current range and add more profitability." He was
Published 29 Oct, 2013 12:00am
Advance Telecom wins Nokia IMEA award

Advance Telecom wins Nokia IMEA award

Advance Telecom, Pakistan's leading mobile phone distributor and Nokia's official preferred partner, wins Nokia IMEA Outstanding Performance Award for the 6th consecutive time. Advance Telecom is the only company who has achieved this milestone 6th consec
Published 29 Oct, 2013 12:00am
Telenor CEO elected GSMA Chairman

Telenor CEO elected GSMA Chairman

Telenor group on Monday announced the GSMA's election of Telenor President and CEO Jon Fredrik Baksaas to serve as GSMA Chairman for the remainder of the current Board term through December 2014. The GSMA represents nearly 800 of the world's mobile operat
Published 29 Oct, 2013 12:00am
Seminar on risk management of rains, floods in Sindh organised

Seminar on risk management of rains, floods in Sindh organised

A seminar on "Risk Management of Rains and Floods in Sindh" was organised by the students of Institute of Business Management under the supervision of their faculty Parvez Jamil who introduced the theme by discussing the CSR work IoBM has done during vari
Published 29 Oct, 2013 12:00am
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