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Print - 2013-11-17
$100 billion Boeing order bonanza to dominate Dubai Airshow

$100 billion Boeing order bonanza to dominate Dubai Airshow

Boeing looks set to dominate next week's Dubai Airshow with more than $100 billion of deals as it aims to launch its latest long-haul jet with close to 250 potential orders from five airlines, industry sources said. The US planemaker is pressing ahead wit
Published 17 Nov, 2013 12:00am
Malaysia grows five percent in third quarter, aided by export recovery

Malaysia grows five percent in third quarter, aided by export recovery

Malaysia's economy picked up pace in the third quarter, driven by resilient domestic demand and a recovery in exports while the current account surplus widened significantly after narrowing sharply in the first half of the year. Gross domestic product gre
Published 17 Nov, 2013 12:00am
Lockheed to cut 4,000 jobs

Lockheed to cut 4,000 jobs

Lockheed Martin Corp, the world's largest defence contractor, said on Thursday it plans to slash 4,000 jobs and shutter plants in several states to reduce costs in the face of declining US defence spending. The Bethesda, Maryland, weapons maker will close
Published 17 Nov, 2013 12:00am
EU adds voice to criticism of French reform pace

EU adds voice to criticism of French reform pace

The European Commission put the seal on an uncomfortable week for French President Francois Hollande on Friday, adding its voice to a chorus of criticism of his reforms for falling short of turning the economy around. Though it gave a guarded blessing to
Published 17 Nov, 2013 12:00am
Canadian home sales fall

Canadian home sales fall

Sales of existing homes in Canada declined in October from September, suggesting the summer surge in sales was boosted by homebuyers who jumped into the market amid the threat of rising mortgage rates, dampening demand as the year draws to a close. The Ca
Published 17 Nov, 2013 12:00am
Tanzania to open up capital markets to east African investors

Tanzania to open up capital markets to east African investors

Tanzania will open its capital markets to east African investors next month as part of reforms aimed at fully relaxing government controls in the economy by 2015, a senior central bank official said on Tuesday. Joseph Massawe, director of economic researc
Published 17 Nov, 2013 12:00am
Tanzania to open up capital markets to east African investors

Tanzania to open up capital markets to east African investors

Tanzania will open its capital markets to east African investors next month as part of reforms aimed at fully relaxing government controls in the economy by 2015, a senior central bank official said on Tuesday. Joseph Massawe, director of economic researc
Published 17 Nov, 2013 12:00am
Shares of online retailer Zulily soar 88 percent in debut

Shares of online retailer Zulily soar 88 percent in debut

Shares of Zulily Inc, which runs a website that offers huge daily discounts on clothing, soared 88 percent in their debut, valuing the company at about $5.04 billion, as investors bet on niche businesses. The company's debut comes in a year that has seen
Published 17 Nov, 2013 12:00am
Shares of online retailer Zulily soar 88 percent in debut

Shares of online retailer Zulily soar 88 percent in debut

Shares of Zulily Inc, which runs a website that offers huge daily discounts on clothing, soared 88 percent in their debut, valuing the company at about $5.04 billion, as investors bet on niche businesses. The company's debut comes in a year that has seen
Published 17 Nov, 2013 12:00am
China signals shift to put market in charge of IPOs

China signals shift to put market in charge of IPOs

China may reduce the influence of the state on stock markets as part of its sweeping reform agenda, including by making it easier for companies to list their stocks and making management of state-owned enterprises more accountable to shareholders. In a po
Published 17 Nov, 2013 12:00am
Sri Lankan stocks slip

Sri Lankan stocks slip

Sri Lankan stocks fell on Friday to six-week lows, led by large caps such as Nestle Lanka Plc in sluggish trade, while most investors were on the sidelines due to concerns over poor earnings. The main index closed 0.31 percent, or 18.08 points, weaker at
Published 17 Nov, 2013 12:00am
UK's new investor safeguards strike right balance

UK's new investor safeguards strike right balance

Britain's new investor safeguards strike the right balance. Loud calls for an overhaul followed corporate governance debacles at Eurasian Natural Resources Corp (ENRC), the oligarch-backed Kazakh miner, and elsewhere. From mid-2014, independent investors
Published 17 Nov, 2013 12:00am
Energy IPOs add lustre to Romania bourse, reform needed

Energy IPOs add lustre to Romania bourse, reform needed

Romania's initial public offerings of state-controlled energy majors Romgaz and Nuclearelectrica will boost liquidity on the country's stock exchange that is in dire need of reform to lure investors, its chief executive said. The Bucharest Stock Exchange
Published 17 Nov, 2013 12:00am
Mexican stocks rise

Mexican stocks rise

Mexican stocks topped off their best three day run in more than two months on Friday, after Federal Reserve Vice Chair Janet Yellen lifted investor appetite for riskier assets by defending the US central bank's stimulus measures. Yellen, speaking at her c
Published 17 Nov, 2013 12:00am
EU warning on 2014 budget lifts Italian yields

EU warning on 2014 budget lifts Italian yields

Italian bond yields rose on Friday after the EU Commission warned the country's draft budget for next year risked breaking the rules, bringing the focus back to Italy's debt problems. The commission said Finland, Malta and Luxembourg were also at risk of
Published 17 Nov, 2013 12:00am
EU warning on 2014 budget lifts Italian yields

EU warning on 2014 budget lifts Italian yields

Italian bond yields rose on Friday after the EU Commission warned the country's draft budget for next year risked breaking the rules, bringing the focus back to Italy's debt problems. The commission said Finland, Malta and Luxembourg were also at risk of
Published 17 Nov, 2013 12:00am
TSX touches two-year high

TSX touches two-year high

Canada's main stock index rose to its highest in more than two years on Friday after Federal Reserve Vice Chair Janet Yellen, who is widely expected to take over as head of the US central bank, expressed strong support for the Fed's stimulus program. The
Published 17 Nov, 2013 12:00am
Treasuries outlook: US bonds little changed as post-Yellen rally fades

Treasuries outlook: US bonds little changed as post-Yellen rally fades

US Treasury debt prices were little changed on Friday after the fading of a rally sparked by Federal Reserve Chair nominee Janet Yellen, who said the US central bank will likely cling to its stimulative monetary policy. Safe-haven demand for government de
Published 17 Nov, 2013 12:00am
Treasuries outlook: US bonds little changed as post-Yellen rally fades

Treasuries outlook: US bonds little changed as post-Yellen rally fades

US Treasury debt prices were little changed on Friday after the fading of a rally sparked by Federal Reserve Chair nominee Janet Yellen, who said the US central bank will likely cling to its stimulative monetary policy. Safe-haven demand for government de
Published 17 Nov, 2013 12:00am
US-based stock funds attract $9 billion: ICI

US-based stock funds attract $9 billion: ICI

Investors in US-based mutual funds poured over $9 billion into stock funds in the week ended November 6 despite uncertainty over the Federal Reserve's next move, data from the Investment Company Institute showed on Wednesday. The new cash marked the fourt
Published 17 Nov, 2013 12:00am
US-based stock funds attract $9 billion: ICI

US-based stock funds attract $9 billion: ICI

Investors in US-based mutual funds poured over $9 billion into stock funds in the week ended November 6 despite uncertainty over the Federal Reserve's next move, data from the Investment Company Institute showed on Wednesday. The new cash marked the fourt
Published 17 Nov, 2013 12:00am
Dow, S&P hit new highs; Exxon Mobil leads Dow

Dow, S&P hit new highs; Exxon Mobil leads Dow

The Dow and the S&P 500 hit new highs on Friday for a sixth straight week of gains, as investors continued to take cues from Federal Reserve Chair nominee Janet Yellen, who told a Senate Committee it was too early to end the central bank's stimulus. Share
Published 17 Nov, 2013 12:00am
Mexico's peso to rise modestly, outpace Brazil's real

Mexico's peso to rise modestly, outpace Brazil's real

Mexico's recent interest rate cut probably leaves limited room for currency gains, but the peso is set to handily outperform the Brazilian real over the next 12 months, a Reuters poll showed on Wednesday. Mexico's peso is seen strengthening to 12.70 per d
Published 17 Nov, 2013 12:00am
Chile's peso slumps

Chile's peso slumps

Chile's peso weakened to an almost two-year low on Friday on bets centre-left candidate Michelle Bachelet will win the presidency this weekend for a second time, while Mexico's peso firmed to cap a strong week. Latin American currencies got a lift this we
Published 17 Nov, 2013 12:00am
Diverging rate paths to prop up zloty, put pressure on forint

Diverging rate paths to prop up zloty, put pressure on forint

The Polish zloty inched higher against the euro on Friday and analysts see it outperforming Hungary's forint in the weeks ahead, supported by relatively tighter monetary policy. Stocks markets in the region rose, underpinned by better-than-expected growth
Published 17 Nov, 2013 12:00am
Canadian dollar stronger

Canadian dollar stronger

The Canadian dollar ended stronger against the greenback on Friday as investors bid up the commodity-linked currency a day after Federal Reserve Chair nominee Janet Yellen defended the US central bank's ongoing monetary stimulus. At a hearing on Thursday
Published 17 Nov, 2013 12:00am
Dollar, yen weaken after Yellen testimony

Dollar, yen weaken after Yellen testimony

The safe-haven dollar and yen fell on Friday after Federal Reserve Vice Chair Janet Yellen lifted investor appetite for riskier assets by defending the US central bank's current stimulus measures. Yellen, speaking at her confirmation hearing before the Se
Published 17 Nov, 2013 12:00am
Sri Lankan rupee edges up

Sri Lankan rupee edges up

The Sri Lankan rupee edged up on light volume from a six-week low on Friday due to dollar sales by banks and inward remittances, currency dealers said. The trading volume was sluggish because of frequent road closures for a Commonwealth summit, hitting bu
Published 17 Nov, 2013 12:00am
Key Euribor rate soars

Key Euribor rate soars

The main euro-priced bank-to-bank lending rate inched higher on Friday as the amount of money in the market beyond what banks need for their day-to-day operations decreases further. Excess liquidity in the euro zone fell to 169 billion euros from 182 bill
Published 17 Nov, 2013 12:00am
Hong Kong funds offer new yuan investment dishes

Hong Kong funds offer new yuan investment dishes

After "dim sum" bonds and offshore yuan deposits in Hong Kong, now comes the turn of yuan-denominated units in mutual funds. European money manager Amundi Asset Management and DBS Bank are leading the way with renminbi-denominated units in their funds, pr
Published 17 Nov, 2013 12:00am
Yen to slip over next year on carry trades, BoJ stimulus

Yen to slip over next year on carry trades, BoJ stimulus

The yen's recent weakness will continue over the coming year as Japanese investors look overseas in search of higher returns, particularly as US bond yields rise further, a Reuters poll found on Wednesday. The latest poll of 62 currency strategists and an
Published 17 Nov, 2013 12:00am
France facing exit, Ronaldo saves Portugal

France facing exit, Ronaldo saves Portugal

France were facing World Cup elimination on Friday after slumping to a 2-0 play-off first-leg defeat in Ukraine while Cristiano Ronaldo kept Portugal's hopes alive with the only goal in a 1-0 win over Sweden. Former European champions Greece were left sle
Published 17 Nov, 2013 12:00am
England's seven wicket win tonic for Ashes opener

England's seven wicket win tonic for Ashes opener

England tuned up for next week's Ashes series opener with a comfortable seven-wicket victory over the Cricket Australia Invitational XI in Sydney on Saturday. The tourists dodged showers to claim their first win on their Australian tour, ahead of the firs
Published 17 Nov, 2013 12:00am
Sri Lanka beat New Zealand in rain-hit ODI

Sri Lanka beat New Zealand in rain-hit ODI

Sri Lanka's spinners spun a web around New Zealand's batsmen to win the rain-hit third and final One-day international in Dambulla on Saturday and draw the series 1-1. The Black Caps, set a Duckworth-Lewis target of 216 in 33 overs, were 126-6 in 25 overs
Published 17 Nov, 2013 12:00am
Qatar unveils dhow-inspired stadium amid World Cup controversy

Qatar unveils dhow-inspired stadium amid World Cup controversy

Qatar on Saturday unveiled the design for a new soccer stadium, inspired by a traditional fishing boat but with a cooled pitch, as it presses ahead with plans for the 2022 World Cup despite the dispute over when it can be held due to the heat. Soccer gove
Published 17 Nov, 2013 12:00am
Nigeria qualify for fifth World Cup finals

Nigeria qualify for fifth World Cup finals

Nigeria on Saturday qualified for the 2014 World Cup in Brazil after beating Ethiopia 2-0 at home in Calabar to go through 4-1 on aggregate. Victor Moses gave Nigeria the lead after 20 minutes when he tucked away a penalty after Anyalem Hailu handled the
Published 17 Nov, 2013 12:00am
Japan battle back to hold Netherlands

Japan battle back to hold Netherlands

Japan produced an excellent second-half performance to come from two goals down and draw 2-2 with the Netherlands in Genk, Belgium on Saturday. The meeting of two nations already assured of their place at the World Cup finals in Brazil was an open affair
Published 17 Nov, 2013 12:00am
South Africa take series after another Pakistan batting collapse

South Africa take series after another Pakistan batting collapse

South Africa sparked another Pakistan batting collapse to win the second Twenty20 international by six runs in Dubai on Friday, taking the two-match series 2-0. It was another batting failure for Pakistan, who, chasing 151, were cruising along nicely at 1
Published 17 Nov, 2013 12:00am
Serbia, Czechs tied 1-1 in Davis Cup final

Serbia, Czechs tied 1-1 in Davis Cup final

Serbia and defending champions the Czech Republic were tied 1-1 after the first day of the Davis Cup final on Friday as Novak Djokovic and Tomas Berdych swept through in straight sets. Djokovic, the world number two and recently-crowned ATP World Tour Fin
Published 17 Nov, 2013 12:00am
Aid flows to typhoon survivors as Philippines struggles to rebuild

Aid flows to typhoon survivors as Philippines struggles to rebuild

Long-delayed emergency supplies flowed into the typhoon-ravaged central Philippines on Saturday, reaching desperate families who had to fend for themselves for days, as the United Nations more than doubled its estimate of homeless to nearly two million.
Published 17 Nov, 2013 12:00am
One dead as fire hits Chevron refinery in Mississippi

One dead as fire hits Chevron refinery in Mississippi

A Chevron Corp worker was killed in a fire that broke out early Friday morning at a cracking unit at the US oil company's 330,000-barrel-per-day refinery in Pascagoula, Mississippi. Tonya Graddy, an "operator" with 5 years of service, was killed after a f
Published 17 Nov, 2013 12:00am
Rebels behead fellow fighter by mistake: monitors

Rebels behead fellow fighter by mistake: monitors

A group of Syrian Sunni Muslim rebels linked to al Qaeda have beheaded one of their own wounded fighters after mistaking him for a foreign Shia fighting for President Bashar al-Assad, a monitoring group said on Saturday. A video posted by the Syrian Obser
Published 17 Nov, 2013 12:00am
Chemical watchdog seals Syria arsenal destruction plan

Chemical watchdog seals Syria arsenal destruction plan

The world's chemical watchdog on Friday adopted a final roadmap for ridding Syria of its arsenal by mid-2014, reaching agreement hours before a deadline expired. "The plan is adopted," Christian Chartier, a spokesman for the Organisation for the Prohibiti
Published 17 Nov, 2013 12:00am
Kerry, Clinton urge support for Afghan women

Kerry, Clinton urge support for Afghan women

US Secretary of State John Kerry Friday joined forces with his predecessor Hillary Clinton to urge that hard-won gains for Afghan women since the fall of the Taliban be protected. They were joined by former first lady Laura Bush, in a powerful plea to ens
Published 17 Nov, 2013 12:00am
Blast in Kabul

Blast in Kabul

A suicide bomber rammed his car into an Afghan army vehicle providing security for a compound where Afghanistan's political and tribal elites are due to gather next week to debate a security pact with the United States. Saturday's attack took place just h
Published 17 Nov, 2013 12:00am
Karzai calls on Taliban to join elders assembly on US deal

Karzai calls on Taliban to join elders assembly on US deal

Afghan President Hamid Karzai on Saturday called on the Taliban and their allies to join an assembly on a security pact that could allow some US troops to stay in the country after 2014. Around 2,500 tribal elders and civil leaders are expected to take pa
Published 17 Nov, 2013 12:00am
Gazprom says Ukraine resumes Russian gas purchases

Gazprom says Ukraine resumes Russian gas purchases

Ukraine has resumed gas imports from Russia, the head of Gazprom said on Friday, easing tensions between the neighbours that had threatened to disrupt gas supplies to Europe. Last week, Ukraine's state energy firm Naftogaz halted Russian gas imports as it
Published 17 Nov, 2013 12:00am
Turkish police break up demonstration for teen left in coma

Turkish police break up demonstration for teen left in coma

Turkish police broke up a demonstration Saturday in Istanbul in the latest unrest over a teenager who was left in a coma during anti-government protests in June. The demonstrators gathered outside Istanbul's law courts to pay homage to 14-year-old Berkin
Published 17 Nov, 2013 12:00am
Six dead in Vietnam floods: officials

Six dead in Vietnam floods: officials

Six people have been killed in severe flooding sweeping central Vietnam, local officials said Saturday, amid concerns that the inundations could continue to worsen. Authorities have evacuated some 20,000 people as heavy rains pummelled the country from Qu
Published 17 Nov, 2013 12:00am
Berlusconi breaks away from government after party ruptures

Berlusconi breaks away from government after party ruptures

Silvio Berlusconi said on Saturday his centre-right party had split from Italian Prime Minister Enrico Letta's ruling coalition but said he did not have the numbers to bring the government down. His comments came after Friday's defection of a group led by
Published 17 Nov, 2013 12:00am
20,000 march in Berlin to demand PKK ban lifted

20,000 march in Berlin to demand PKK ban lifted

Some 20,000 people marched through central Berlin on Saturday to demand the German government lift its 20-year ban on the Kurdistan Workers' Party (PKK), organisers said. Under a heavy police presence, the protest passed off peacefully with demonstrators
Published 17 Nov, 2013 12:00am
US quietly offered $10 million reward for Benghazi attackers

US quietly offered $10 million reward for Benghazi attackers

The State Department on Friday said it has quietly offered a $10 million reward since January for information leading to those behind the September 11, 2012 attack that killed the US ambassador to Libya and three other Americans in Benghazi. The men died
Published 17 Nov, 2013 12:00am
Thousands of trucks block French highways to protest ecological tax

Thousands of trucks block French highways to protest ecological tax

Thousands of trucks blocked highways and roads across France on Saturday to protest a planned environmental tax, which sparked fierce opposition and riots last month in Brittany. The Interior Ministry said some 2,000 trucks took part in the protests acros
Published 17 Nov, 2013 12:00am
Tens of thousands rally for and against Bulgarian government

Tens of thousands rally for and against Bulgarian government

Tens of thousands of opponents and supporters of Socialist-led government rallied on Saturday, underscoring the widening political divide and uncertainty in the European Union's poorest country. Prime Minister Plamen Oresharski pledged to stay in power an
Published 17 Nov, 2013 12:00am
Brotherhood offers talks to end Morsi crisis

Brotherhood offers talks to end Morsi crisis

An Islamist coalition led by the Muslim Brotherhood on Saturday offered negotiations to end the deadly tumult since Egyptian president Mohamed Morsi's overthrow, without explicitly insisting on his reinstatement. The coalition "calls on all revolutionary
Published 17 Nov, 2013 12:00am
Japan Prime Minister vows boosted Cambodia ties

Japan Prime Minister vows boosted Cambodia ties

Japan's Prime Minister Shinzo Abe on Saturday pledged to strengthen ties with Cambodia as part of a tour that completes a round of visits to Southeast Asian countries within a year since taking office. Abe and the Cambodia leader Hun Sen "shared a commitm
Published 17 Nov, 2013 12:00am
Tajik president inaugurated for fourth term

Tajik president inaugurated for fourth term

Tajikistan's long-running President Emomali Rakhmon was inaugurated for a fourth term on Saturday, as he promised to alleviate the grinding poverty in the former Soviet country. Rakhmon, who has led Tajikistan since 1992, won November 6 polls with a lands
Published 17 Nov, 2013 12:00am
Old guard's Yameen beats favourite in tense Maldives vote

Old guard's Yameen beats favourite in tense Maldives vote

Abdulla Yameen won the Maldives presidential election run-off on Saturday, narrowly defeating the favourite Mohamed Nasheed in a ballot that voters hope will end nearly two years of political turmoil that has hit the vital tourism industry. The crisis occ
Published 17 Nov, 2013 12:00am
CFTC anti-speculation plan may not be so tough

CFTC anti-speculation plan may not be so tough

A new plan to curb commodity speculation could prove to be far less rigorous than feared by markets, data provided by the world's largest futures exchange the CME Group Inc showed. Under a proposal by the Commodity Futures Trading Commission, the maximum
Published 17 Nov, 2013 12:00am
Green Mountain to buy more coffee despite fungal attack

Green Mountain to buy more coffee despite fungal attack

Green Mountain Coffee Roasters Inc, the world's biggest fair-trade coffee buyer, expects to purchase about a fifth more coffee during the new fiscal year, up from 180 million pounds last year, said a top company buyer. Green Mountain coffee buyer Stacy Bo
Published 17 Nov, 2013 12:00am
ICE cotton up on strong export sales; ends week little-changed

ICE cotton up on strong export sales; ends week little-changed

Cotton futures edged up on Friday on strong US government export sales data, and ended the week little changed after a volatile week of spread-related gyrations. The most-active March cotton contract on ICE Futures US rose 74 cents, nearly 1 percent, to s
Published 17 Nov, 2013 12:00am
Heavy rain forecast for central Brazil, soya 48 percent planted

Heavy rain forecast for central Brazil, soya 48 percent planted

A cold front in south-eastern Brazil will bring the planting season's first period of heavy rains to central Brazil in coming days, Sao Paulo-based weather forecaster Somar said on Monday, though the southern states will likely remain drier.
Published 17 Nov, 2013 12:00am
EU to sow more wheat in 2014, less barley, maize

EU to sow more wheat in 2014, less barley, maize

The soft wheat area in the European Union ahead of the 2014 crop is set to rise by 4 percent, boosted by attractive margins, while both barley and maize acreage would fall by the same proportion, analyst Strategie Grains said on Thursday. In its first det
Published 17 Nov, 2013 12:00am
China unlikely to buy more rubber for reserves

China unlikely to buy more rubber for reserves

Hopes that top rubber consumer China will follow purchases from Thailand for its national reserves with more buying will likely be dashed by worries over slowing economic growth and soaring company and trader inventories. Non-reserve inventories at three-
Published 17 Nov, 2013 12:00am
Australia to revert to Asia to sell big wheat crop

Australia to revert to Asia to sell big wheat crop

Lower expected protein in a large Australian wheat crop will encourage a shift in the country's exports back towards nearby Asian buyers after unusually high sales to the Middle East last season, grain handler CBH Group said. CBH nudged up its estimate of
Published 17 Nov, 2013 12:00am
US corn harvest seen 84 percent complete

US corn harvest seen 84 percent complete

Soyabean and corn harvests were entering their final phases in the US Midwest, with most farmers back on typical schedules after late planting caused delays for most of the year. Soyabean harvest was likely 94 percent complete as of November 10, based on
Published 17 Nov, 2013 12:00am
Gold flat, Yellen's stimulus view seen supporting

Gold flat, Yellen's stimulus view seen supporting

Gold prices were little changed on Friday, taking a breather after a two-day rise but underpinned by expectations that the nominee to lead the Federal Reserve, Janet Yellen, would continue easy monetary policy in that role. US regulatory filings for the t
Published 17 Nov, 2013 12:00am
Commodity prices mixed on stimulus, growth outlooks; sugar slides

Commodity prices mixed on stimulus, growth outlooks; sugar slides

Commodity prices traded mixed this week as dealers reacted to US stimulus expectations amid weaker growth worries across the globe. Raw material futures, which had been falling early in the week, recovered some lost ground after Federal Reserve chief-nomi
Published 17 Nov, 2013 12:00am
FCCI chief commends security arrangements on Ashura

FCCI chief commends security arrangements on Ashura

Engr Suhail Bin Rashid, President, Faisalabad Chamber of Commerce & Industry (FCCI), commended the foolproof security arrangements made in Punjab by Inspector General Khan Baig and his team under the dynamic leadership of Chief Minister Punjab Shahbaz Sha
Published 17 Nov, 2013 12:00am
Muharram processions taken out in city amid tight security

Muharram processions taken out in city amid tight security

More than 186 processions of Taazia, Alam and Zul-jinnah were taken out in the city on the 10th of Muharram. Mostly processions joined the main procession of Ustad and Shagird Taazia amid tight security. Unprecedented security arrangements have been made
Published 17 Nov, 2013 12:00am
FPCCI seeks to grant India MFN status forthwith

FPCCI seeks to grant India MFN status forthwith

Without taking into consideration of political issues halting peace process between Islamabad and New Delhi, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded Most Favoured Nation (MFN) status for India. "Islamabad should grant
Published 17 Nov, 2013 12:00am
Loss of lives in Rawalpindi-expresses grief with Fazl

Loss of lives in Rawalpindi-expresses grief with Fazl

Punjab Chief Minister Muhammad Shahbaz Sharif contacted the Head of Jamiat Ulema-e-Islam (F) Maulana Fazal-ur-Rehman on telephone Saturday and expressed his sorrow and grief over the loss of precious lives in the incident of Rawalpindi. He assured that ju
Published 17 Nov, 2013 12:00am
Shahbaz urges Ulema to forge unity

Shahbaz urges Ulema to forge unity

Punjab Chief Minister, Shahbaz Sharif has appealed to the people to forge unity and maintain brotherhood in their ranks. In an appeal issued from Chief Minster's Office on Saturday, the Chief Minister said that every Pakistani is grieved over Rawalpindi i
Published 17 Nov, 2013 12:00am
Zardari condemns violence in Rawalpindi

Zardari condemns violence in Rawalpindi

Former president Asif Ali Zardari has condemned the clashes in Rawalpindi on the eve of Ashura on Friday that left 10 killed and injured scores of others, and called it as barbaric and inhuman that had nothing to do with religion but was aimed at fanning
Published 17 Nov, 2013 12:00am
SCCI expresses concerns over new APTTA

SCCI expresses concerns over new APTTA

Sarhad Chamber of Commerce and Industry expressed voice concerns over the new Afghan-Pakistan transit trade pact, demanding of the government to resolve the issues being confronted by traders and exporters, attached with the Afghan transit trade business.
Published 17 Nov, 2013 12:00am
Indo-Pak group paintings fair

Indo-Pak group paintings fair

Group paintings exhibition of Pakistani and Indian artists is being held in Dubai for two days on November 22 and 23, organised by Samsara Art Gallery, a prestigious art gallery of India. Works of Indian artists Jayesh Sachdeva, Shakti Burman, Snehal Gang
Published 17 Nov, 2013 12:00am
Three brothers burnt alive

Three brothers burnt alive

Three brothers were burnt alive when fire broke out in their residential quarter at Medical Colony here on Friday late night. According to rescue 1122, Muhammad Rafiq, an employee of Sheikh Zayed Hospital/Medical College here, was residing in a quarter of
Published 17 Nov, 2013 12:00am
Import of yarn: China's decision may enhance cotton prices globally

Import of yarn: China's decision may enhance cotton prices globally

China's decision to import yarn in bulk may elevate cotton prices internationally, a phenomenon anxiously waited by the Pakistan cotton farmers selling their stocks on an average basis prices ranging between Rs 3000 to Rs 3100 in Sindh and Punjab.
Published 17 Nov, 2013 12:00am
LG polls: PTI demands removal of flaws

LG polls: PTI demands removal of flaws

Pakistan Tehreek-e-Insaf (PTI) Punjab has on Saturday made an eight-point demand, which include holding of local government elections in Punjab on approved date (January 30) and it should not be postponed. While addressing a party meeting, PTI Punjab Pres
Published 17 Nov, 2013 12:00am
Power shortfall reduces to 1,100 megawatts

Power shortfall reduces to 1,100 megawatts

Power shortfall has reduced to 1,100MW during last 24-hour with substantial reduction in domestic consumption due to winter season across the country. Resultantly, frequency of power outages has reduced considerably and the industry is now vying for unint
Published 17 Nov, 2013 12:00am
Transporters' strike serious threat to economy: SCCI chief

Transporters' strike serious threat to economy: SCCI chief

President Sialkot Chamber of Commerce and Industry (SCCI) Dr Sarfraz Bashir, in a press statement has expressed extreme concern over ongoing strike by the goods transporters at Karachi Port and Port Qasim. He said that country had to suffer huge losses ru
Published 17 Nov, 2013 12:00am
Employment: over 7,000 women sent abroad

Employment: over 7,000 women sent abroad

Nearly 7331 women have been sent abroad for employment during the last five years. The official told APP, here on Saturday that women employees as Community Welfare Attaches' (CWAs) were posted at Pakistani Embassies in Saudi Arabia, United Arab Emirates,
Published 17 Nov, 2013 12:00am
KCAA demands demurrage waiver

KCAA demands demurrage waiver

Karachi Customs Agents Association (KCAA) on Saturday demanded the authority to direct terminal operators for the waiver of demurrage charges, following ongoing goods carriers strike. Talking to Business Recorder Faisal Mushtaq, general secretary,
Published 17 Nov, 2013 12:00am
Four LEAs personnel among 11 injured in terror incidents

Four LEAs personnel among 11 injured in terror incidents

Eleven including four security personnel, two police men and civilians injured two separate terror incidents in provincial capital and district Bannu of Khyber Pakhtunkhwa on Saturday. In first incident occurred in Bannu a convoy of the security forces ta
Published 17 Nov, 2013 12:00am
Prices of most of essential kitchen items remain high

Prices of most of essential kitchen items remain high

Prices of most of the essential kitchen items remained on high side, as no decline was observed in their prices during the last week as compared to the preceding week, reveals a survey carried out by Business Recorder here on Saturday. Traders and
Published 17 Nov, 2013 12:00am
Crime rate increases sharply in capital

Crime rate increases sharply in capital

Crime rate has registered a sharp increase in the federal capital, as various police stations of the federal capital have registered 11 cases of car-lifting and eight of robbery during the last week. The rising incident of car theft and robberies in the f
Published 17 Nov, 2013 12:00am
Business community criticises monetary policy

Business community criticises monetary policy

The Business Community criticised second time upward revision in discount rates in a row by the State Bank of Pakistan (SBP) in monetary policy. This is the second increase during the last two months, previously in September the SBP revised the discount r
Published 17 Nov, 2013 12:00am
Khyber Pakhtunkhwa police chief thanks society for peaceful Ashura

Khyber Pakhtunkhwa police chief thanks society for peaceful Ashura

The Inspector General of Police Nasir Khan Durrani thanked every segment of the society for its help and co-ordination which led to mainly peaceful observance of Muharram in the province. In a statement issued from the CPO Peshawar on Saturday, the Provin
Published 17 Nov, 2013 12:00am
Pillion riding ban extended in Sindh

Pillion riding ban extended in Sindh

The Sindh government has extended the ban on pillion riding for two more days till Sunday, said a statement issued by the provincial government. The ban was imposed by the Sindh Home Department as part of security arrangements for the 9th and 10th Muharra
Published 17 Nov, 2013 12:00am
UNSC calls for deferral of ICC proceedings against Kenyan leaders

UNSC calls for deferral of ICC proceedings against Kenyan leaders

The UN Security Council on Friday failed to adopt a draft resolution, co-sponsored by African countries, calling for the deferral of the International Criminal Court (ICC) proceedings against Kenyan leaders. Seven of the 15-member Council members - Pakist
Published 17 Nov, 2013 12:00am
PTI condemns sectarian violence in Rawalpindi

PTI condemns sectarian violence in Rawalpindi

Pakistan Tehrik-e-Insaf (PTI) chairman Imran Khan on Saturday expressed grave concern over the incitement to sectarian violence that is spreading across the country. The Punjab government imposed a rare curfew in the garrison city of Rawalpindi next to Is
Published 17 Nov, 2013 12:00am
Rashid urges government to compensate victims

Rashid urges government to compensate victims

Awami Muslim League (AML), Chief Sheikh Rashid Ahmad on Saturday, urging the government to compensate the victims, said that the involvement of third element cannot be ruled out in the clashes between Shia and Sunni in Rawalpindi. Awami Muslim League Chie
Published 17 Nov, 2013 12:00am
Fazl terms Rawalpindi incident a conspiracy

Fazl terms Rawalpindi incident a conspiracy

Jamiat Ulema-e-Islam-Fazl (JUI-F) Chief Maulana Fazlur Rehman has termed the Rawalpindi incident as a conspiracy, saying hatred based on sects is unacceptable and people should foil the nefarious design of sectarian monsters who want to pitch Muslims agai
Published 17 Nov, 2013 12:00am
Seven of a family die as roof collapses in Swat

Seven of a family die as roof collapses in Swat

At least seven members of a family died as roof of a house collapsed in Madeen area of Swat. As per details, five minors were among the killed when the top of their house collapsed in the wee hours of the Friday night. Local reached the spot and started r
Published 17 Nov, 2013 12:00am
Second international workshop on DSP-1213 from tomorrow

Second international workshop on DSP-1213 from tomorrow

The second three-day International Workshop on Dairy Science Park (DSP-2013) would begin here under the auspices of Agricultural University Peshawar (AUP) on Monday. The DSP-2013 would continue till November 20. The Khyber Pakhtunkhwa Minister for Agricul
Published 17 Nov, 2013 12:00am
12 policemen suspended

12 policemen suspended

Kotwali police have registered a case under section 155-C Police Order 2002 against twelve policemen including a sub inspector, who were remained absent from their duties during Ashura. CPO Dr Haider Ashraf said that Sub Inspector Naseer Hussain, and elev
Published 17 Nov, 2013 12:00am
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