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Print - 2013-11-11
Nadal downs Federer to reach final

Nadal downs Federer to reach final

Rafael Nadal won the latest instalment of his epic rivalry with Roger Federer as the Spaniard swept into the final of the ATP World Tour Finals with a 7-5, 6-3 victory on Sunday. Nadal was in commanding form in the last four showdown at London's O2 Arena
Published 11 Nov, 2013 12:00am
Van Persie goal sinks Arsenal

Van Persie goal sinks Arsenal

Champions Manchester United beat Premier League leaders Arsenal 1-0 at Old Trafford on Sunday with Robin van Persie once again tormenting his former team mates with a soaring first half header. The result left Arsenal on 25 points from 11 matches, two cle
Published 11 Nov, 2013 12:00am
City stunned by Sunderland, Newcastle sink Spurs

City stunned by Sunderland, Newcastle sink Spurs

Gus Poyet's struggling Sunderland jolted the Premier League with an electrifying 1-0 win over big-spending Manchester City at the Stadium of Light on Sunday. On a great afternoon for the reviving giants of north-east football, local rivals Newcastle Unite
Published 11 Nov, 2013 12:00am
South Africa to make it 4-1 against Pakistan: De Kock

South Africa to make it 4-1 against Pakistan: De Kock

Dashing South African opener Quinton De Kock vowed his team will go for a 4-1 win over Pakistan in the fifth and final one-day in Sharjah on Monday. The 20-year-old smashed his maiden hundred to help South Africa beat Pakistan by 28 runs in the fourth one
Published 11 Nov, 2013 12:00am
Marquez is crowned youngest world champion

Marquez is crowned youngest world champion

Spanish rookie Marc Marquez held his nerve became the youngest MotoGP world champion at the age of 20 when he finished third in the final race of the season in Valencia on Sunday. The Honda rider, who started from his ninth pole position of the year, play
Published 11 Nov, 2013 12:00am
Australia put Clarke, Harris and Siddle under wraps

Australia put Clarke, Harris and Siddle under wraps

Australia have decided to put captain Michael Clarke under wraps with fast bowlers Ryan Harris and Peter Siddle ahead of next week's Ashes opener, withdrawing the trio from domestic fixtures to prepare for the test in Brisbane. With the hosts facing the p
Published 11 Nov, 2013 12:00am
Pietersen knee trouble flares ahead of Ashes

Pietersen knee trouble flares ahead of Ashes

England have fresh injury concerns ahead of next week's Ashes series opener, with star batsman Kevin Pietersen sent for treatment on a sore knee following a scare over wicketkeeper Matt Prior. Pietersen would have a cortisone injection, coach Andy Flower
Published 11 Nov, 2013 12:00am
Shot selection lets Umar Akmal down: Ian Bishop

Shot selection lets Umar Akmal down: Ian Bishop

Former West Indian cricketer Ian Bishop has said Pakistani batsman Umar Akmal has a great deal of talent but he is let by his shot selection. Ian Bishop, who took 161 wickets in 43 Test matches at a strike rate of 52.2, said Umar has played some key innin
Published 11 Nov, 2013 12:00am
Banks in tussle with UAE's Etisalat on $400 million loan

Banks in tussle with UAE's Etisalat on $400 million loan

International banks Standard Chartered Plc and Citigroup Inc have fallen out with Abu Dhabi-based telecoms firm Etisalat over $400 million which they lent to Etisalat's now defunct Indian affiliate, according to three banking sources familiar with the mat
Published 11 Nov, 2013 12:00am
Banks in tussle with UAE's Etisalat on $400 million loan

Banks in tussle with UAE's Etisalat on $400 million loan

International banks Standard Chartered Plc and Citigroup Inc have fallen out with Abu Dhabi-based telecoms firm Etisalat over $400 million which they lent to Etisalat's now defunct Indian affiliate, according to three banking sources familiar with the mat
Published 11 Nov, 2013 12:00am
Euro can only succeed via political union: Greenspan

Euro can only succeed via political union: Greenspan

The euro can ultimately only succeed if EU countries agree to a political union, the former head of the US Federal Reserve, Alan Greenspan, said in an interview Sunday. The single currency "can only be saved via a political union", Greenspan told Welt am
Published 11 Nov, 2013 12:00am
Yellen to prevail over Fed critics at Senate hearing

Yellen to prevail over Fed critics at Senate hearing

Janet Yellen will be forced to defend the Federal Reserve's ultra-easy monetary policy when she faces senators later this week, but critics have little hope of sinking her nomination to become the first woman to ever lead the US central bank.
Published 11 Nov, 2013 12:00am
Washington state lawmakers pass tax breaks, aiming to win Boeing work

Washington state lawmakers pass tax breaks, aiming to win Boeing work

The Washington state legislature on Saturday passed a measure to extend nearly $9 billion in tax breaks for Boeing through 2040 in an embattled effort to entice the company to locate production of its newest jet, the 777X, in the Seattle area. Lawmakers a
Published 11 Nov, 2013 12:00am
UK's Co-operative to scrap half-year dividend payouts

UK's Co-operative to scrap half-year dividend payouts

The Co-operative Group will scrap dividend payments to its 7.6 million members to help pay for a 1.5 billion pound ($2.4 billion) rescue of its banking division. The decision is part of a review of Britain's biggest customer-owned business - which also ru
Published 11 Nov, 2013 12:00am
UK's Co-operative to scrap half-year dividend payouts

UK's Co-operative to scrap half-year dividend payouts

The Co-operative Group will scrap dividend payments to its 7.6 million members to help pay for a 1.5 billion pound ($2.4 billion) rescue of its banking division. The decision is part of a review of Britain's biggest customer-owned business - which also ru
Published 11 Nov, 2013 12:00am
China builds expectations of reforms at key meeting

China builds expectations of reforms at key meeting

Chinese state media on Sunday raised expectations for major reforms at a Communist Party meeting which is setting the course for the world's second largest economy over the next decade. Leaders on Saturday began a four-day meeting, known as the Third Plen
Published 11 Nov, 2013 12:00am
Egyptian inflation rises

Egyptian inflation rises

Egypt's urban consumer inflation accelerated in October, driven by higher consumer spending on food and transportation, the state CAPMAS statistics agency reported on Sunday. CAPMAS said inflation rose to an annual 10.4 percent in October from 10.1 percen
Published 11 Nov, 2013 12:00am
Bulgarian students protest to demand government resignation

Bulgarian students protest to demand government resignation

Thousands of students marched in downtown Sofia on Sunday to complain that Bulgaria was still not stable, prosperous or well governed, exactly 24 years after the end of communist rule. The current Socialist-led government only took office in May after the
Published 11 Nov, 2013 12:00am
China's FAW signs deal to build vehicles in Algeria

China's FAW signs deal to build vehicles in Algeria

Chinese state manufacturer FAW is to build an assembly plant in Algeria producing 10,000 vehicles per year under an agreement signed with private Algerian firm Arcofina, the company's CEO told AFP. The deal provides for an initial investment of five billi
Published 11 Nov, 2013 12:00am
Sudan plans to auction five oil blocks in December

Sudan plans to auction five oil blocks in December

Sudan plans to auction five oil blocks in December, its petroleum minister said on Sunday, as the African country steps up exploration. "We are going to have a bid round next month," Oil Minister Awad al-Jaz told reporters in Abu Dhabi. The blocks will in
Published 11 Nov, 2013 12:00am
Dhabi's TAQA in $240 million deal to sell Dutch pipeline stake

Dhabi's TAQA in $240 million deal to sell Dutch pipeline stake

Abu Dhabi National Energy Co (TAQA) is selling its 40 percent stake in a Dutch natural gas pipeline to a Danish pension fund for $240 million as the investment no longer meets its growth strategy in the country, it said on Sunday.
Published 11 Nov, 2013 12:00am
Oman oil minister slams Gulf culture of energy subsidies

Oman oil minister slams Gulf culture of energy subsidies

Subsidised petrol and electricity programmes are causing a huge waste of energy across the Gulf and threatening economies, Oman's oil and gas minister said on Sunday, in a rare official warning over surging demand in the region. Energy prices are heavily
Published 11 Nov, 2013 12:00am
Despite rebuff, Alibaba may still list in Hong Kong

Despite rebuff, Alibaba may still list in Hong Kong

Seemingly slammed shut just weeks ago, the door is still ajar for Alibaba to list its shares in Hong Kong. Public comments by the Chinese e-commerce giant's founder Jack Ma and Hong Kong politicians, blog posts from the head of the Hong Kong stock exchang
Published 11 Nov, 2013 12:00am
Despite rebuff, Alibaba may still list in Hong Kong

Despite rebuff, Alibaba may still list in Hong Kong

Seemingly slammed shut just weeks ago, the door is still ajar for Alibaba to list its shares in Hong Kong. Public comments by the Chinese e-commerce giant's founder Jack Ma and Hong Kong politicians, blog posts from the head of the Hong Kong stock exchang
Published 11 Nov, 2013 12:00am
Cracks start to show in frontier markets

Cracks start to show in frontier markets

Three years ago, a trip to the Southern Kenya production facilities of Canadian company Africa Oil attracted only seven potential investors. Two months ago, 60 boarded the flight. The investor trip, described by sales staff at Citi following a recent clie
Published 11 Nov, 2013 12:00am
Cracks start to show in frontier markets

Cracks start to show in frontier markets

Three years ago, a trip to the Southern Kenya production facilities of Canadian company Africa Oil attracted only seven potential investors. Two months ago, 60 boarded the flight. The investor trip, described by sales staff at Citi following a recent clie
Published 11 Nov, 2013 12:00am
Qatar proposes slashing shares' par value to boost trade

Qatar proposes slashing shares' par value to boost trade

The Qatar Financial Markets Authority (QFMA) has proposed cutting the par value of shares listed on the stock market to 1 riyal from 10 riyals, according to a document seen by Reuters, in a move that could boost market liquidity and make it easier to cond
Published 11 Nov, 2013 12:00am
Bullish bets on emerging Asia FX trimmed on Fed caution

Bullish bets on emerging Asia FX trimmed on Fed caution

Investors likely scaled back bullish bets on emerging Asian currencies in the last two weeks on caution over when the US Federal Reserve would start scaling back its stimulus, a Reuters poll showed. Long positions on the Chinese yuan were cut for the firs
Published 11 Nov, 2013 12:00am
Gulf markets mixed, Egypt's bourse down on profit-taking

Gulf markets mixed, Egypt's bourse down on profit-taking

Egypt's bourse fell 0.9 percent on Sunday as investors started taking profits after a long rally, while other markets in the region moved little in the absence of fresh catalysts. "Since Thursday, the market is witnessing a small bout of profit-taking," C
Published 11 Nov, 2013 12:00am
Italy's finance minister warns on strength of euro

Italy's finance minister warns on strength of euro

Italian finance minister Fabrizio Saccomanni warned that the strength of euro could damage Europe's economic recovery, in an interview with the Financial Times on Tuesday. "The euro is now the strongest currency in the world, vis a vis the dollar the renm
Published 11 Nov, 2013 12:00am
Euro to strengthen further in 2014: EU

Euro to strengthen further in 2014: EU

The euro will appreciate at a record pace this year and continue to gain in 2014, the European Commission said on Tuesday, potentially complicating the euro zone's export-based recovery. The Commission sees the 18-nation single currency, which hit a two-y
Published 11 Nov, 2013 12:00am
Japan Display applies for up to $2 billion share listing

Japan Display applies for up to $2 billion share listing

Japan Display, the world's largest maker of displays for smartphones and tablets, has applied for a share listing in Tokyo that it hopes will raise up to 200 billion yen ($2 billion), sources familiar with the matter said on Saturday.
Published 11 Nov, 2013 12:00am
Tokyo investors look to Japan, Germany GDP data

Tokyo investors look to Japan, Germany GDP data

Tokyo investors will look to Japanese and German economic growth data next week after the market faced selling pressure over cuts to some firms' profit projections, as the latest earnings season winds down. Japan is scheduled to announce its July-Septembe
Published 11 Nov, 2013 12:00am
Turkish lira, Russian rouble bonds to join Barclays Global Index

Turkish lira, Russian rouble bonds to join Barclays Global Index

Russian and Turkish local currency bonds may receive billions of dollars in capital inflows after their inclusion into a flagship global index, a vote of confidence for markets that are just recovering from a bruising summer selloff.
Published 11 Nov, 2013 12:00am
Turkish lira, Russian rouble bonds to join Barclays Global Index

Turkish lira, Russian rouble bonds to join Barclays Global Index

Russian and Turkish local currency bonds may receive billions of dollars in capital inflows after their inclusion into a flagship global index, a vote of confidence for markets that are just recovering from a bruising summer selloff.
Published 11 Nov, 2013 12:00am
Thai 'Red Shirts' rally ahead of key amnesty debate

Thai 'Red Shirts' rally ahead of key amnesty debate

Thousands of Thai pro-government "Red Shirts" massed in Bangkok on Sunday in their first show of force since a wave of opposition protests against a controversial political amnesty bill.
Published 11 Nov, 2013 12:00am
Political chaos as Maldives Supreme Court suspends run-off vote

Political chaos as Maldives Supreme Court suspends run-off vote

Presidential elections in the Maldives were thrown into disarray on Sunday after the Supreme Court suspended a run-off vote, denying former president Mohamed Nasheed the chance to return to power 21 months after he was ousted.
Published 11 Nov, 2013 12:00am
UN urges Qatar to improve migrant labour conditions

UN urges Qatar to improve migrant labour conditions

A top UN official on Sunday urged Qatar to improve conditions for foreign labourers, as the Gulf emirate builds a massive infrastructure for the 2022 football World Cup. "Many migrants face human rights violations in the workplace," said the UN special ra
Published 11 Nov, 2013 12:00am
Saudi MERS toll reaches 53 as Oman records first death

Saudi MERS toll reaches 53 as Oman records first death

Saudi Arabia announced another fatality from the MERS virus on Sunday, taking its toll to 53, as neighbouring Oman recorded its first death from the respiratory disease. The (MERS-CoV) Middle East Respiratory Syndrome Coronavirus had cost 64 lives world-w
Published 11 Nov, 2013 12:00am
Armed men kill six in central Nigeria

Armed men kill six in central Nigeria

Gunmen attacked five farming villages in volatile central Nigeria's Benue State, killing six people and burning many houses, police said Sunday. "Five Agatu villages were attacked yesterday by suspected Fulani cattle herdsmen who killed six people," state
Published 11 Nov, 2013 12:00am
US journalist freed in Venezuela

US journalist freed in Venezuela

A Miami Herald journalist detained in Venezuela was released after nearly 48 hours in custody, the US newspaper confirmed on its website Saturday. Reporter Jim Wyss was arrested late Thursday near Venezuela's border with Colombia while reporting on the co
Published 11 Nov, 2013 12:00am
One killed as 84-hour shutdown begins across Bangladesh

One killed as 84-hour shutdown begins across Bangladesh

One person was killed and several injured in clashes between opposition activists and law enforcement officers Sunday as an 84-hour nation-wide strike began in Bangladesh, police and politicians said. The Bangladesh Nationalist Party-led opposition allian
Published 11 Nov, 2013 12:00am
Protesters hurl shoes as Taiwan's ruling party meets

Protesters hurl shoes as Taiwan's ruling party meets

Hundreds of angry protesters threw shoes at riot police Sunday as Taiwan's ruling Kuomintang party held a congress to call for unity as public discontent grows with the government. The demonstrators - some of them jobless after factory shutdowns and other
Published 11 Nov, 2013 12:00am
Iran rejects threats, cites red lines in nuclear talks: Rouhani

Iran rejects threats, cites red lines in nuclear talks: Rouhani

President Hassan Rouhani, architect of Iran's diplomatic opening to world powers, said on Sunday it had "red lines" and would not bow to threats in an apparent bid to keep hardliners on side as Tehran edges toward a deal on its nuclear programme.
Published 11 Nov, 2013 12:00am
PEF to issue 90,000 education vouchers to poor children

PEF to issue 90,000 education vouchers to poor children

The Punjab Education Foundation (PEF) will release a total of 90,000 educational vouchers to enable the poor and deserving children to study up to matric level in low-cost private schools partnering with the foundation under its Education Voucher Scheme (
Published 11 Nov, 2013 12:00am
Maintaining peace in Muharram: townwise subcommittees formed

Maintaining peace in Muharram: townwise subcommittees formed

Town wise sub-committees of district peace committee Lahore have been established on the direction of Punjab Chief Minister Muhammad Shahbaz Sharif during a special meeting of the District Peace Committee held here on Sunday with the Punjab Education Mini
Published 11 Nov, 2013 12:00am
LWMC carries out dengue awareness campaign

LWMC carries out dengue awareness campaign

Lahore Waste Management Company (LWMC) has continued its dengue awareness campaign in all parts of the city. In this regard an activity was conducted in Rehman Pura, Union Council 199, in which an awareness camp was set up in chowk Rehaman Pura. Awareness
Published 11 Nov, 2013 12:00am
Kite metallic string slits minor's throat

Kite metallic string slits minor's throat

A two year old minor girl Noor died as a deadly kite metallic string slit her throat here on Sunday. Police said that the girl along with her father was on way on a motorbike, when the lethal kite twine slit her throat. The girl was rushed to the nearby h
Published 11 Nov, 2013 12:00am
GAPC-Pakistan renamed

GAPC-Pakistan renamed

Gold Art Promotion Council-Pakistan has been renamed as Gold & Gems Art Promotion Council-Pakistan (GGAPC-Pakistan). This change has been initiated through a resolution tabled by Muhammad Zheshan Ibraheim, Vice-President (Gems sector) at a meeting held un
Published 11 Nov, 2013 12:00am
Transporters' strike: exporters fear losses worth billions

Transporters' strike: exporters fear losses worth billions

Exports orders worth billions of rupees are at stake due the ongoing strike of goods' transporters, said Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Co-ordinator Ijaz A Khokhar.
Published 11 Nov, 2013 12:00am
RSPN constructing biogas plant

RSPN constructing biogas plant

Rural Support Programmes Network (RSPN) is constructing a biogas plant at Green Town, Millat Road, to run 5KV to 10KV power generators on experimental basis. According to RSPN sources, the project would be completed with the financial assistance of the Ne
Published 11 Nov, 2013 12:00am
Pakistan has best buffalo breed: UVAS vice chancellor

Pakistan has best buffalo breed: UVAS vice chancellor

Vice-Chancellor of the University of Veterinary and Animal Sciences (UVAS) Professor Dr Talat Naseer Pasha has said that despite an improper mechanism of semen production in the country and around 3.5 million poor semen doses, Pakistan has the best buffal
Published 11 Nov, 2013 12:00am
Rs 23 billion being spent on immunisation in Punjab

Rs 23 billion being spent on immunisation in Punjab

Provincial Minister for Health Khalil Tahir Sindhu has said that lives of about 1,000 children below five years of age are saved in Pakistan daily through immunisation. He said that annually Rs 23 billion being spent on immunisation in Punjab. He said tha
Published 11 Nov, 2013 12:00am
DPC holds protest rally against US drone strikes

DPC holds protest rally against US drone strikes

Activists of Difa-e-Pakistan Council took out a rally to protest against the US drone strikes, here on Sunday. The rally was led by Jamiat Ulema-e-Islam (JUI-S) Chief Maulana Samiul Haq. The participants were holding placards and banners inscribed with sl
Published 11 Nov, 2013 12:00am
APML lawmakers call on Musharraf

APML lawmakers call on Musharraf

The two legislators of former president General Pervez Musharraf finally had a glimpse of their leader on Saturday for hardly 20 to 25 minutes at his sprawling Chak Shehzad farmhouse after he was freed from seven months of house arrest. The brief meeting
Published 11 Nov, 2013 12:00am
Parties call for holding LBs' polls in Fata

Parties call for holding LBs' polls in Fata

Leaders of various political parties from Federally Administered Tribal Areas (Fata) demanded of the government to hold local bodies' elections in Fata, besides repealing the draconian Frontier Crime Regulations. The demand was made during a conference he
Published 11 Nov, 2013 12:00am
KP collects Rs 312 million tobacco development cess

KP collects Rs 312 million tobacco development cess

The provincial government of Khyber Pakhtunkhwa collected Rs312 million tobacco development cess during the year 2013-14. The collected amount is being utilised on the development of the tobacco growing districts on the basis of the production of the crop
Published 11 Nov, 2013 12:00am
Security plans devised for 9th, 10th of Muharram: CPO

Security plans devised for 9th, 10th of Muharram: CPO

Plans have been made to keep peace & security during Muharram in the entire district while an aerial surveillance would also be maintained for all the processions on 9th & 10th Muharram. The City Police Officer Bilal Saddique Kamyana said the contingents
Published 11 Nov, 2013 12:00am
Pakistan for better communications among UNSC members

Pakistan for better communications among UNSC members

Pakistan has called for improving communications between the UN Security Council's 'permanent five' (Britain, China, France, Russia and the United States), non-permanent members and the general membership during serious crises so as to make the 15-member
Published 11 Nov, 2013 12:00am
General Naushad Kayani passes away

General Naushad Kayani passes away

Former director general Military Intelligence (MI) Major-General Naushad Ahmed Kayani breathed his last on Sunday due to a protracted illness. He was suffering from blood cancer and had gone abroad for medical check up. According to ISPR, Major-General Na
Published 11 Nov, 2013 12:00am
Sanitary staff holidays cancelled during Muharram

Sanitary staff holidays cancelled during Muharram

District Officer Solid Waste Management Dr Mazhar Azeem said that a comprehensive campaign had been launched to clean the city during Muharram-ul-Harram. He said the sanitary staff had been deployed to perform their duties and warned that strict action wo
Published 11 Nov, 2013 12:00am
92,000 children under five die of pneumonia each year in Pakistan

92,000 children under five die of pneumonia each year in Pakistan

Pneumonia claims an innocent child's life every 30 seconds making it the number one global cause of childhood mortality. In Pakistan alone, it is responsible for the death of 92,000 children of under 5 years of age annually and contributes 18 per cent to
Published 11 Nov, 2013 12:00am
9th and 10th Muharram: Peshawar traders to shut business

9th and 10th Muharram: Peshawar traders to shut business

Local traders have assured the administration that they will remain close their businesses during 9th and 10 Muharram. Traders' community supported the decision of suspension of business activities on 9th and 10th Muharram in Peshawar, according to which
Published 11 Nov, 2013 12:00am
28 suspects held in search operation

28 suspects held in search operation

Capital City police in a search operation apprehended 28 suspected persons and recovered weapons and narcotics from their possession here on Sunday. On the directives of Chief Capital Police Officer (CCPO), Police Station Yakatooth carried out search oper
Published 11 Nov, 2013 12:00am
Anti-state elements behind terror incidents: Moosavi

Anti-state elements behind terror incidents: Moosavi

Guardian of Shia Ulema Board Agha Syed Hamid Ali Moosavi said on Sunday that anti-state elements were behind the recent incidents of terrorism in Gujranwala, Karachi and other cities. Agha Moosavi reviewed the performance of TNFJ Legal Committee for Azada
Published 11 Nov, 2013 12:00am
'GSP Plus status to boost value-added sector's exports'

'GSP Plus status to boost value-added sector's exports'

Former Punjab Minister for Industries and ex-President Multan Chamber Khawaja Muhammad Jalaluddin Roomi has welcomed the approval of Generalised System of Preferences (GSP) Plus status for Pakistan by the European Union (EU) International Trade Committee
Published 11 Nov, 2013 12:00am
Private schools ban Malala's book

Private schools ban Malala's book

Private schools have been barred from buying a book written by global education icon Malala Yousafzai due to its "anti-Pakistan and anti-Islam content", a top official said Sunday.
Published 11 Nov, 2013 12:00am
Private schools ban Malala's book

Private schools ban Malala's book

Private schools have been barred from buying a book written by global education icon Malala Yousafzai due to its "anti-Pakistan and anti-Islam content", a top official said Sunday.
Published 11 Nov, 2013 12:00am
LPG price touches Rs 160 per kg mark

LPG price touches Rs 160 per kg mark

Liquefied Petroleum Gas (LPG) price has touched Rs 160 per kg with the advent of winter, while LPG marketing companies are supplying the commodity at Rs 120 per kg to retailers, Business Recorder has observed. The LPG is mainly used as an alternati
Published 11 Nov, 2013 12:00am
LPG price touches Rs 160 per kg mark

LPG price touches Rs 160 per kg mark

Liquefied Petroleum Gas (LPG) price has touched Rs 160 per kg with the advent of winter, while LPG marketing companies are supplying the commodity at Rs 120 per kg to retailers, Business Recorder has observed. The LPG is mainly used as an alternati
Published 11 Nov, 2013 12:00am
LPG price touches Rs 160 per kg mark

LPG price touches Rs 160 per kg mark

Liquefied Petroleum Gas (LPG) price has touched Rs 160 per kg with the advent of winter, while LPG marketing companies are supplying the commodity at Rs 120 per kg to retailers, Business Recorder has observed. The LPG is mainly used as an alternati
Published 11 Nov, 2013 12:00am
BOPET film projects: Rs 8 billion investment at stake

BOPET film projects: Rs 8 billion investment at stake

The import of BOPET film at a concessionary duty of 5 per cent is not only causing billions of rupees loss to the national exchequer and draining out foreign exchange reserves of the country, it would ultimately kill the Rs 8 billion investment made in th
Published 11 Nov, 2013 12:00am
BOPET film projects: Rs 8 billion investment at stake

BOPET film projects: Rs 8 billion investment at stake

The import of BOPET film at a concessionary duty of 5 per cent is not only causing billions of rupees loss to the national exchequer and draining out foreign exchange reserves of the country, it would ultimately kill the Rs 8 billion investment made in th
Published 11 Nov, 2013 12:00am
BOPET film projects: Rs 8 billion investment at stake

BOPET film projects: Rs 8 billion investment at stake

The import of BOPET film at a concessionary duty of 5 per cent is not only causing billions of rupees loss to the national exchequer and draining out foreign exchange reserves of the country, it would ultimately kill the Rs 8 billion investment made in th
Published 11 Nov, 2013 12:00am
Ozone pact helped cool the planet: study

Ozone pact helped cool the planet: study

A slowdown in global warming that climate sceptics cite in favour of their cause was partly induced by one of the world's most successful environment treaties, a study said on Sunday. The UN's Montreal Protocol, designed to phase out industrial gases that
Published 11 Nov, 2013 12:00am
Illegal migrants in Saudi Arabia surrender after deadly riots

Illegal migrants in Saudi Arabia surrender after deadly riots

Hundreds of illegal migrants targeted in a Saudi nation-wide crackdown turned themselves in on Sunday after security forces besieged a Riyadh neighbourhood where riots had killed two people. Men, women and children lined up carrying their belongings to bo
Published 11 Nov, 2013 12:00am
Illegal migrants in Saudi Arabia surrender after deadly riots

Illegal migrants in Saudi Arabia surrender after deadly riots

Hundreds of illegal migrants targeted in a Saudi nation-wide crackdown turned themselves in on Sunday after security forces besieged a Riyadh neighbourhood where riots had killed two people. Men, women and children lined up carrying their belongings to bo
Published 11 Nov, 2013 12:00am
Shahbaz takes notice of omission from nomination forms

Shahbaz takes notice of omission from nomination forms

Chief Minister Punjab, Mian Muhammad Shahbaz Sharif, has taken notice of omitting the 'Khatm-e-Nabuwat' oath condition from the nomination forms of the Local Bodies election. Shahbaz thanked the JUI-F chief Maulana Fazlur Rahman for pointing out an import
Published 11 Nov, 2013 12:00am
Shahbaz takes notice of omission from nomination forms

Shahbaz takes notice of omission from nomination forms

Chief Minister Punjab, Mian Muhammad Shahbaz Sharif, has taken notice of omitting the 'Khatm-e-Nabuwat' oath condition from the nomination forms of the Local Bodies election. Shahbaz thanked the JUI-F chief Maulana Fazlur Rahman for pointing out an import
Published 11 Nov, 2013 12:00am
Transporters'' strike hits trade activities

Transporters'' strike hits trade activities

The countrywide strike of transporters, which entered its fifth day on Sunday, has badly affected trade activities across the country, those related to imports and exports. According to traders, the protest has inflicted losses of up to $200 million and f
Published 11 Nov, 2013 12:00am
Transporters' strike hits trade activities

Transporters' strike hits trade activities

The countrywide strike of transporters, which entered its fifth day on Sunday, has badly affected trade activities across the country, those related to imports and exports. According to traders, the protest has inflicted losses of up to $200 million and f
Published 11 Nov, 2013 12:00am
Transporters' strike hits trade activities

Transporters' strike hits trade activities

The countrywide strike of transporters, which entered its fifth day on Sunday, has badly affected trade activities across the country, those related to imports and exports. According to traders, the protest has inflicted losses of up to $200 million and f
Published 11 Nov, 2013 12:00am
Imran getting US investment in KP: Rashid

Imran getting US investment in KP: Rashid

Federal Minister for Information and Broadcasting Pervaiz Rashid here on Sunday said Imran Khan himself is getting American investment in Khyber Pakhtunkhwa and at the same time he is repeating claims of stopping the Nato supplies. While commenting on the
Published 11 Nov, 2013 12:00am
Preparation of voter lists: Punjab turns down ECP request

Preparation of voter lists: Punjab turns down ECP request

The Punjab government on Sunday turned down a request by the Election Commission of Pakistan (ECP) to prepare voters lists for the upcoming local government elections. In a letter, the Punjab government told the ECP that it was not its job to prepare elec
Published 11 Nov, 2013 12:00am
World sends emergency aid to battered Philippines

World sends emergency aid to battered Philippines

Countries and organisations around the world, including the US, the UN and the EU, on Sunday scrambled aid to the Philippines as the devastation wreaked by Super Typhoon Haiyan became clearer. US military help was on its way, after the Pentagon said Defen
Published 11 Nov, 2013 12:00am
US senator to block Obama's nominations over Benghazi

US senator to block Obama's nominations over Benghazi

US Republican Senator Lindsey Graham on Sunday said he will try to block White House nominations for key jobs until he gets more information on last year's attack on the US mission in Benghazi, even after a TV network pulled back from a story on the attac
Published 11 Nov, 2013 12:00am
PTI to stop Nato supplies after November 20: Imran

PTI to stop Nato supplies after November 20: Imran

Pakistan Tehreek-e-Insaf Chairman Imran Khan on Sunday asked the Federal government to get assurance from the US that it would not carry out more drone strikes in the tribal area of Pakistan. "We will stop Nato supplies through Khyber Pakhtunkhwa after No
Published 11 Nov, 2013 12:00am
PTI to stop Nato supplies after November 20: Imran

PTI to stop Nato supplies after November 20: Imran

Pakistan Tehreek-e-Insaf Chairman Imran Khan on Sunday asked the Federal government to get assurance from the US that it would not carry out more drone strikes in the tribal area of Pakistan. "We will stop Nato supplies through Khyber Pakhtunkhwa after No
Published 11 Nov, 2013 12:00am
Hakimullah a martyr?: Army seeks apology from JI chief

Hakimullah a martyr?: Army seeks apology from JI chief

The controversial remarks of Ameer Jamaat-i-Islami (JI), Syed Munawar Hassan, declaring the dead terrorists as martyrs were condemned by the Pakistan Army. The army has sought an apology from Jamaat's Ameer. Following a TV interview of Munawar Hassan, a s
Published 11 Nov, 2013 12:00am
Hakimullah a martyr?: Army seeks apology from JI chief

Hakimullah a martyr?: Army seeks apology from JI chief

The controversial remarks of Ameer Jamaat-i-Islami (JI), Syed Munawar Hassan, declaring the dead terrorists as martyrs were condemned by the Pakistan Army. The army has sought an apology from Jamaat's Ameer. Following a TV interview of Munawar Hassan, a s
Published 11 Nov, 2013 12:00am
Future spreads down

Future spreads down

The future spreads decreased by 181 basis points during the last week to 4.04 per cent while the trading activities on futures counter remained on higher side as average daily volumes closed up by 8.8 per cent to 16.56 million shares. The average daily tr
Published 11 Nov, 2013 12:00am
Future spreads down

Future spreads down

The future spreads decreased by 181 basis points during the last week to 4.04 per cent while the trading activities on futures counter remained on higher side as average daily volumes closed up by 8.8 per cent to 16.56 million shares. The average daily tr
Published 11 Nov, 2013 12:00am
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