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Print - 2014-03-03
Clarke guides Aussies to a strong position

Clarke guides Aussies to a strong position

Australian captain Michael Clarke hit an unbeaten 161 to guide his team to a strong position before rain disrupted his team's bid to take a stranglehold on the second day of the third and final Test against South Africa at Newlands on Sunday. Australia we
Published 03 Mar, 2014 12:00am
Drogba life story told in cartoon form

Drogba life story told in cartoon form

Didier Drogba walked at six months, left home at five and fell in love with the woman who was to become his wife at the tender age of 17. Those are some of the landmark events covered in an account of the Ivorian footballer's extraordinary life about to b
Published 03 Mar, 2014 12:00am
Fisher reels in fifth European Tour title

Fisher reels in fifth European Tour title

Ross Fisher ended a four-year European Tour title drought with a three-stroke victory on Sunday in the Tshwane Open. The 33-year-old Englishman finished with a two-under-par 70 on a wet, murky afternoon to win from Northern Irishman Michael Hoey and South
Published 03 Mar, 2014 12:00am
Ski jumping Takanashi records 20th career victory

Ski jumping Takanashi records 20th career victory

Japanese ski jump teenage star Sara Takanashi landed her second World Cup event of the weekend on Sunday in Rasnov, Romania, to put her Olympic disappointment firmly behind her. The 17-year-old - who failed to justify her favourite's tag and missed out on
Published 03 Mar, 2014 12:00am
Tennis greats drafted in new IPTL league

Tennis greats drafted in new IPTL league

World No 1 Rafael Nadal has been drafted to represent Team Mumbai, Novak Djokovic will headline Team Dubai, while top WTA star Serena Williams will feature in Team Singapore, in the inaugural edition of the International Premier Tennis League (IPTL). Team
Published 03 Mar, 2014 12:00am
Toure, Nasri blasts bring City League Cup joy

Toure, Nasri blasts bring City League Cup joy

Sensational quick-fire goals by Yaya Toure and Samir Nasri inspired Manchester City to come from behind and beat Sunderland 3-1 in the League Cup final at Wembley on Sunday. Sunderland had taken a 10th-minute lead through on-loan Liverpool striker Fabio B
Published 03 Mar, 2014 12:00am
Mining industry gathers in Toronto as silver lining tinges gloom

Mining industry gathers in Toronto as silver lining tinges gloom

Mining companies will meet at the industry's biggest conference next week under the darkest cloud in a decade, but a recent bounce in the price of gold and silver and a trickle of investment and acquisitions are starting to pierce the gloom.
Published 03 Mar, 2014 12:00am
Iran may become top gas importer by 2025: energy official

Iran may become top gas importer by 2025: energy official

Iran is on course to become the world's largest importer of natural gas by 2025 unless it can rein in rampant domestic demand, the head of research at the country's energy ministry told a conference in Tehran. Iran sits on the world's largest gas reserves
Published 03 Mar, 2014 12:00am
Swiss minister wants to save bilateral agreements with EU

Swiss minister wants to save bilateral agreements with EU

Switzerland's economy minister wants to save bilateral agreements with the European Union, at risk after Switzerland voted to curb immigration from the bloc three weeks ago, he told a Swiss newspaper on Sunday.
Published 03 Mar, 2014 12:00am
Former Ecobank directors defend under-pressure CEO Tanoh

Former Ecobank directors defend under-pressure CEO Tanoh

Two former directors of Ecobank defended CEO Thierry Tanoh and said he is under pressure to resign because he is dealing with governance problems that allegedly took place before his tenure began at one of the biggest banks in sub-Saharan Africa. Their vi
Published 03 Mar, 2014 12:00am
Volkswagen's Audi risks fading as European car market recovers

Volkswagen's Audi risks fading as European car market recovers

Just as Europe's car market recovery shifts up a gear, the region's biggest automaker Volkswagen will have little new to display from its luxury brand Audi at this month's Geneva motor show, other than a niche sports car. Audi, which accounts for almost h
Published 03 Mar, 2014 12:00am
Low-profile conservative to run Nigeria's top bank

Low-profile conservative to run Nigeria's top bank

Nigeria has lined up a relative unknown to head its central bank after the outspoken former governor was suspended, causing shockwaves in Africa's second-largest economy and markets to wobble. Zenith Bank boss Godwin Emefiele had almost no profile outside
Published 03 Mar, 2014 12:00am
Australia boosts richer ore output to fight weak bullion prices

Australia boosts richer ore output to fight weak bullion prices

Output of gold in Australia, the world's No 2 producer, rose to its highest in a decade in 2013 as richer ores were mined to combat weak bullion prices, a survey released on Sunday showed. The practice, known as high-grading, caused output to jump by 7 pe
Published 03 Mar, 2014 12:00am
BJP may allow more foreign investment in insurance

BJP may allow more foreign investment in insurance

India's opposition Bharatiya Janata Party will consider raising the cap on foreign investment in the insurance sector from the current level of 26 percent if it comes to power after elections due by May, a senior party leader said on Sunday. Opening up ov
Published 03 Mar, 2014 12:00am
Weak inflation proves headache for ECB

Weak inflation proves headache for ECB

The euro area's stubbornly low inflation could persuade the European Central Bank to cut its interest rates again, but analysts are divided whether it will actually do so when its governing council meets Thursday. Some had been betting on a further reduct
Published 03 Mar, 2014 12:00am
Egypt to reconsider French wheat, rice export ban

Egypt to reconsider French wheat, rice export ban

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No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication
Published 03 Mar, 2014 12:00am
Germany's Siemens gets $253 million Qatar power contract

Germany's Siemens gets $253 million Qatar power contract

Siemens has been awarded a $253 million contract by the Qatar General Electricity and Water Corporation (KAHRAMAA) to build nine substations, the German technology giant said on Sunday. The contract, valued at 920 million Qatari riyals, is part of KAHRAMA
Published 03 Mar, 2014 12:00am
Bangladesh FX reserves hit record high in February

Bangladesh FX reserves hit record high in February

Bangladesh's foreign exchange reserves stood at an all-time high of $19.15 billion at the end of February, $1.03 billion more than the earlier record set in January, and more than 38 percent higher than a year earlier, the central bank said on Sunday. The
Published 03 Mar, 2014 12:00am
China's attack on yuan speculators risks backfiring

China's attack on yuan speculators risks backfiring

China's central bank rattled speculators this week by engineering a sudden fall in the yuan against the dollar, but economists warn that induced downside risk was no substitute for true liberalisation in the currency market.
Published 03 Mar, 2014 12:00am
Tokyo investors eye US data, ECB meeting

Tokyo investors eye US data, ECB meeting

Tokyo investors will comb through a string of US and Japanese data as well as the European Central Bank's policy meeting next week as they look to get a handle on the state of the global economy, analysts said. The European Central Bank will hold a policy
Published 03 Mar, 2014 12:00am
South Africa to launch its first Islamic bond

South Africa to launch its first Islamic bond

South Africa will launch its first sukuk Islamic bond this year, as it seeks to diversify its debt obligations, Finance Minister Pravin Gordhan said Wednesday. "Our first sukuk (Islamic) bond will be launched this year," he told lawmakers while unveiling
Published 03 Mar, 2014 12:00am
South Africa to launch its first Islamic bond

South Africa to launch its first Islamic bond

South Africa will launch its first sukuk Islamic bond this year, as it seeks to diversify its debt obligations, Finance Minister Pravin Gordhan said Wednesday. "Our first sukuk (Islamic) bond will be launched this year," he told lawmakers while unveiling
Published 03 Mar, 2014 12:00am
China funds cut suggested stocks allocation to 10-month low

China funds cut suggested stocks allocation to 10-month low

China fund managers suggested raising bond allocations to the highest in five months, while cutting back on equities to a 10-month low as a slowing economy stokes fears of credit defaults, according to a monthly Reuters poll. Average recommended allocatio
Published 03 Mar, 2014 12:00am
China funds cut suggested stocks allocation to 10-month low

China funds cut suggested stocks allocation to 10-month low

China fund managers suggested raising bond allocations to the highest in five months, while cutting back on equities to a 10-month low as a slowing economy stokes fears of credit defaults, according to a monthly Reuters poll. Average recommended allocatio
Published 03 Mar, 2014 12:00am
UK's Pets at Home plans $2.5 billion stock market debut

UK's Pets at Home plans $2.5 billion stock market debut

Pets at Home is planning a London stock market debut that values Britain's biggest pet shop group at about 1.5 billion pounds ($2.5 billion), seeking to cash in on an improving outlook for consumer spending and the nation's love of pets. The firm, mainly
Published 03 Mar, 2014 12:00am
European funds reduce emerging Europe equity exposure

European funds reduce emerging Europe equity exposure

European fund managers cut their exposure to emerging Europe equities to the lowest in more than a year this month in the wake of political turmoil in Ukraine, a Reuters survey showed on Friday. Investors also increased the cash pile in their portfolios t
Published 03 Mar, 2014 12:00am
European funds reduce emerging Europe equity exposure

European funds reduce emerging Europe equity exposure

European fund managers cut their exposure to emerging Europe equities to the lowest in more than a year this month in the wake of political turmoil in Ukraine, a Reuters survey showed on Friday. Investors also increased the cash pile in their portfolios t
Published 03 Mar, 2014 12:00am
Nord Anglia Education files for IPO

Nord Anglia Education files for IPO

Nord Anglia Education Inc, a Hong Kong-based school operator, filed with US regulators on Tuesday to raise up to $300 million in an initial public offering of common stock. Credit Suisse Securities (USA) LLC, Goldman Sachs & Co and J. P Morgan Securities
Published 03 Mar, 2014 12:00am
Biomet picks BAML, Goldman, JPMorgan to lead IPO

Biomet picks BAML, Goldman, JPMorgan to lead IPO

Biomet Inc, the US medical device maker that was taken private by a private equity consortium for $11.4 billion in 2007, has hired underwriters for an initial public offering later this year, people familiar with the matter said on Wednesday. Biomet's own
Published 03 Mar, 2014 12:00am
Wall Street week ahead: harsh weather likely to skew economic data again

Wall Street week ahead: harsh weather likely to skew economic data again

After months of subpar economic data that has been blamed at least partially on the brutal winter weather, investors may still struggle to discern the real picture of the economy next week. The closely watched monthly jobs report due on Friday is expected
Published 03 Mar, 2014 12:00am
Islamist attacks kill at least 74 in Nigeria's north

Islamist attacks kill at least 74 in Nigeria's north

At least 74 people have been killed in three weekend attacks in Nigeria's restive north-east, the epicentre of the Boko Haram insurgency that has claimed thousands of lives since 2009, police and residents said Sunday. French President Francois Hollande,
Published 03 Mar, 2014 12:00am
Elbit Systems wins US homeland security contract

Elbit Systems wins US homeland security contract

Israeli defence electronics company Elbit Systems said the US Department of Homeland Security Customs and Border Protection (CBP) awarded its subsidiary a contract to deploy border surveillance technology in southern Arizona.
Published 03 Mar, 2014 12:00am
Egypt frees Morsi son arrested in drugs case

Egypt frees Morsi son arrested in drugs case

A son of deposed Islamist president Mohamed Morsi was freed Sunday a day after being arrested on suspicion of possessing hashish, judicial sources said. Police said they found two joints on 19-year-old Abdullah Morsi and a friend in a car parked by the ro
Published 03 Mar, 2014 12:00am
Storm-hit Hollywood rolls out red carpet for nailbiter Oscars night

Storm-hit Hollywood rolls out red carpet for nailbiter Oscars night

In true Hollywood fashion, the Academy Awards on Sunday promised a cliff-hanger ending in the race for best picture Oscar between favourites "12 Years a Slave" and "Gravity" along with extra drama thrown in by a tempestuous Mother Nature. After three days
Published 03 Mar, 2014 12:00am
Thai vote goes smoothly as protesters regroup near Bangkok lakes

Thai vote goes smoothly as protesters regroup near Bangkok lakes

Thailand held re-run elections in five provinces where voting was disrupted in last month's poll by anti-government protesters who decamped from a main Bangkok intersection on Sunday and moved inside a central park. There were no reports of violence at Su
Published 03 Mar, 2014 12:00am
Millions of children in Middle East to get polio vaccine: UN

Millions of children in Middle East to get polio vaccine: UN

Millions of children in the Middle East will be vaccinated against polio this month after the crippling disease resurfaced in conflict-hit Syria, the United Nations said Sunday. Mass vaccinations have already been launched in Egypt, Iraq, Jordan and Syria
Published 03 Mar, 2014 12:00am
US F/A-18 fighter jet crashes during training

US F/A-18 fighter jet crashes during training

A US Navy F/A-18C Hornet fighter jet crashed Saturday during a training mission near a Nevada air base, the Navy said. The status of the pilot was not immediately clear, Navy spokesman Commander Ryan Perry said in a statement. Perry said an investigation
Published 03 Mar, 2014 12:00am
Al Qaeda splinter group denies killing Islamist rival in Syria

Al Qaeda splinter group denies killing Islamist rival in Syria

An al Qaeda splinter group in Syria has denied it was behind the killing of a prominent al Qaeda figure last week and appeared to reject an ultimatum from rival fighters to accept mediation or face all-out assault. The Islamic State in Iraq and the Levant
Published 03 Mar, 2014 12:00am
Cuba cigar auction rakes in $1.1 million

Cuba cigar auction rakes in $1.1 million

Six luxury humidors fetched more than $1.1 million Saturday at the gala closing the 16th annual Cigar Festival in Havana. The humidors were packed with Montecristo and other prestigious cigars along with a painting by Cuban artist Zaida del Rio. As in pas
Published 03 Mar, 2014 12:00am
Gunmen kill French national in Libya's Benghazi

Gunmen kill French national in Libya's Benghazi

Gunmen killed a French national in Libya's eastern city of Benghazi on Sunday, a security official said, the latest slaying of a foreigner in the restive area. Separately, gunmen in Benghazi also shot and wounded an Egyptian who had been working in a groc
Published 03 Mar, 2014 12:00am
Talented students: encouragement by Punjab government termed a milestone

Talented students: encouragement by Punjab government termed a milestone

Position holder boy and girl students of Sindh, Balochistan, Khyber Pakhtoon Khawa, Gilgit Baltistan, Islamabad and Azad Kashmir visiting Punjab at the invitation of Chief Minister Muhammad Shahbaz Sharif have said that encouragement of talented students
Published 03 Mar, 2014 12:00am
Economic growth: high population rate creates hurdles: Minister

Economic growth: high population rate creates hurdles: Minister

Punjab Minister for Finance, Excise and Taxation Mian Mujtaba Shuja-ur-Rehman has said that social development is necessary for economic development, and it is not possible without appropriate control on population, whereas the poverty and ignorance are m
Published 03 Mar, 2014 12:00am
Deaths condoled

Deaths condoled

Punjab Chief Minister Shahbaz Sharif has expressed deep sense of sorrow and grief over the loss of precious human lives in a traffic accident near Attock. He directed the district administration to provide best treatment facilities to the injured. The CM
Published 03 Mar, 2014 12:00am
More rains forecast for today and tomorrow

More rains forecast for today and tomorrow

The Meteorological department on Sunday predicted more rains at scattered places of the country on Monday and Tuesday. Spokesman of Met-office said that another weather system has entered Balochistan and approaching upper parts of the country on Monday. U
Published 03 Mar, 2014 12:00am
TTP cease-fire a ploy to gain time: PST chief

TTP cease-fire a ploy to gain time: PST chief

Pakistan Sunni Tehrik chief Sarwat Ijaz Qadri has said that the TTP cease-fire was a ploy to gain time for strengthening the bunkers therefore the government should continue the army operation and the air-strikes in the tribal areas. Addressing a largely
Published 03 Mar, 2014 12:00am
Government utilising all resources to generate energy: Khawaja Asif

Government utilising all resources to generate energy: Khawaja Asif

Federal Minister for Water and Power Khawaja Muhammad Asif has said that Pakistan Muslim League-N (PML-N) government is committed to cope with energy crisis on top priority basis. Talking to media persons here on Sunday he said that we are mobilising all
Published 03 Mar, 2014 12:00am
March five last date for AIOU admissions

March five last date for AIOU admissions

The Allama Iqbal Open University (AIOU) has set March 5 as the last date for submission of admission forms from Matric to Master level programmes for the Semester Spring, 2014. This was announced by Director Admissions, AIOU Syed Zia-ul-Hasnain. He said t
Published 03 Mar, 2014 12:00am
APHC leaders welcome US report on HR abuses in IOK

APHC leaders welcome US report on HR abuses in IOK

The Chairman of All Parties Hurriyet Conference, Mirwaiz Umar Farooq, the veteran Hurriyet leader, Syed Ali Gilani, and the Chairman of Jammu and Kashmir Liberation Front, Muhammad Yasin Malik, have appreciated the US State Department's report on human ri
Published 03 Mar, 2014 12:00am
PGMI establishes cell to create awareness on diseases

PGMI establishes cell to create awareness on diseases

The Post-Graduate Medical Institute (PGMI) has established a cell comprising on its senior health experts for Monitoring and Control of Infectious Diseases (MCID). The cell will create awareness among the masses and inform them about the precautionary mea
Published 03 Mar, 2014 12:00am
JI chief hails TTP and government cease-fire

JI chief hails TTP and government cease-fire

Ameer, Jamaat e Islami, Pakistan, Syed Munawar Hasan, has welcomed the month-long cease fire announced by the Taliban and the positive response by the government stopping military action. In a statement issued here on Sunday, he urged the government to re
Published 03 Mar, 2014 12:00am
Jubilations in Lahore after thrilling win over India

Jubilations in Lahore after thrilling win over India

As the Boom Boom and magical entertainer Shahid Afridi took Pakistan to victory in the nail biting contest against arch rival India with two successive sixes, thousands of jubilant youth took to roads and streets in Lahore to celebrate the much-needed vic
Published 03 Mar, 2014 12:00am
Government to continue dialogue for peace: Khwaja Asif

Government to continue dialogue for peace: Khwaja Asif

Defence Minister Khwaja Mohammad Asif on Sunday said that Pakistan Muslim League Nawaz (PML-N) government would continue the dialogue process for maintaining peace across the country. He said that the government would restart dialogue with the elements wa
Published 03 Mar, 2014 12:00am
Sherpao urges government to push forward stalled peace-talks

Sherpao urges government to push forward stalled peace-talks

Qaumi Watan Party (QWP), Central chairman Aftab Ahmad Khan Sherpao has called upon the government to immediate outline-strategy and move forward the frozen peace-negotiations process, after announcement of cease-fire by Taliban.
Published 03 Mar, 2014 12:00am
Birth anniversary of Shaikh Ayaz celebrated

Birth anniversary of Shaikh Ayaz celebrated

The birth anniversary of noted Sindhi poet and writer Shaikh Ayaz celebrated on Sunday. Shaikh Ayaz was a renowned ambassador of Sindhi culture and language, who kept people abreast of their past, present and future and called for social and political cha
Published 03 Mar, 2014 12:00am
Jets bomb militant hideout, a day after Taliban cease-fire plan

Jets bomb militant hideout, a day after Taliban cease-fire plan

The military said it had bombed the hideout of a militant leader on Sunday, killing five insurgents, only a day after the Taliban declared a one-month cease-fire to pursue stalled peace talks with the government. The target of the attack, Mullah Tamanchey
Published 03 Mar, 2014 12:00am
Baloch lashes out at PML-N economic policies

Baloch lashes out at PML-N economic policies

The economic policies of the PML-N government during its first six months have been a complete failure and have added to poverty, price hike and unemployment. Secretary General, Jamaat e Islami, Liaqat Baloch and Secretary, JI Economic Committee, former M
Published 03 Mar, 2014 12:00am
KP to lease three tourism projects to private sector: Khattak

KP to lease three tourism projects to private sector: Khattak

Chief Minister, Khyber Pakhtunkhwa Pervez Khattak while appreciating the performance of the Board of Investment and Trade (BoIT) besides assisting the Department of Tourism in making tourist spots more attractive for the tourists has also authorised it to
Published 03 Mar, 2014 12:00am
'Pakistan attaches importance to its ties with Saudi Arabia'

'Pakistan attaches importance to its ties with Saudi Arabia'

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Saudi Arabia is a great friend of Pakistan and has stood by it in every hour of need. He said that people of the two countries have deep affiliation with each other. Shahbaz Sharif said that Paki
Published 03 Mar, 2014 12:00am
Four killed in various incidents of violence

Four killed in various incidents of violence

At least four persons were killed while eight others were injured in different incidents of violence at various parts of metropolis, here on Sunday.
Published 03 Mar, 2014 12:00am
Food crisis looms in Central Africa: UN

Food crisis looms in Central Africa: UN

A food crisis is looming in the Central African Republic after nearly a year of inter-religious violence, a UN humanitarian official warned Sunday. "It is now that the humanitarian crisis will start to deepen," said Abdou Dieng, the United Nations'' human
Published 03 Mar, 2014 12:00am
Food crisis looms in Central Africa: UN

Food crisis looms in Central Africa: UN

A food crisis is looming in the Central African Republic after nearly a year of inter-religious violence, a UN humanitarian official warned Sunday. "It is now that the humanitarian crisis will start to deepen," said Abdou Dieng, the United Nations' humani
Published 03 Mar, 2014 12:00am
Food crisis looms in Central Africa: UN

Food crisis looms in Central Africa: UN

A food crisis is looming in the Central African Republic after nearly a year of inter-religious violence, a UN humanitarian official warned Sunday. "It is now that the humanitarian crisis will start to deepen," said Abdou Dieng, the United Nations' humani
Published 03 Mar, 2014 12:00am
Pakistan and India to discuss cross-LoC trade issues on March 4

Pakistan and India to discuss cross-LoC trade issues on March 4

Indian and Pakistani officials will meet on Tuesday (tomorrow) to fine tune the mechanism of cross-Line of Control (LoC) trade in Jammu and Kashmir, including urgent redressal of issues arising out of illegal practices. The meeting is taking place in the
Published 03 Mar, 2014 12:00am
Pakistan and India to discuss cross-LoC trade issues on March 4

Pakistan and India to discuss cross-LoC trade issues on March 4

Indian and Pakistani officials will meet on Tuesday (tomorrow) to fine tune the mechanism of cross-Line of Control (LoC) trade in Jammu and Kashmir, including urgent redressal of issues arising out of illegal practices. The meeting is taking place in the
Published 03 Mar, 2014 12:00am
Pakistan and India to discuss cross-LoC trade issues on March 4

Pakistan and India to discuss cross-LoC trade issues on March 4

Indian and Pakistani officials will meet on Tuesday (tomorrow) to fine tune the mechanism of cross-Line of Control (LoC) trade in Jammu and Kashmir, including urgent redressal of issues arising out of illegal practices. The meeting is taking place in the
Published 03 Mar, 2014 12:00am
Venezuela frees protesters, braces for more demonstrations

Venezuela frees protesters, braces for more demonstrations

Venezuela released dozens of anti-government protesters and an Italian photographer on Sunday, but that did nothing to appease demonstrators set for more rallies against President Nicolas Maduro. At least 18 people have been killed and 250 injured since a
Published 03 Mar, 2014 12:00am
Venezuela frees protesters, braces for more demonstrations

Venezuela frees protesters, braces for more demonstrations

Venezuela released dozens of anti-government protesters and an Italian photographer on Sunday, but that did nothing to appease demonstrators set for more rallies against President Nicolas Maduro. At least 18 people have been killed and 250 injured since a
Published 03 Mar, 2014 12:00am
Security top priority for new Egypt government: Mahlab

Security top priority for new Egypt government: Mahlab

Egypt's new military-installed prime minister said Sunday that security was his top priority, with police and soldiers facing near daily attacks since the July ouster of Islamist president Mohamed Morsi. In his first address to the nation, Ibrahim Mahlab,
Published 03 Mar, 2014 12:00am
Security top priority for new Egypt government: Mahlab

Security top priority for new Egypt government: Mahlab

Egypt's new military-installed prime minister said Sunday that security was his top priority, with police and soldiers facing near daily attacks since the July ouster of Islamist president Mohamed Morsi. In his first address to the nation, Ibrahim Mahlab,
Published 03 Mar, 2014 12:00am
AGP detects wasteful KP expenditure

AGP detects wasteful KP expenditure

The Accountant General of Pakistan (AGP) has noticed four cases of wasteful expenditures amounting Rs 263.568 million in its report on the accounts of Khyber Pakhtunkhwa in audit year 2011-12. A wasteful expenditure to the tune of Rs 84.710 million has be
Published 03 Mar, 2014 12:00am
AGP detects wasteful KP expenditure

AGP detects wasteful KP expenditure

The Accountant General of Pakistan (AGP) has noticed four cases of wasteful expenditures amounting Rs 263.568 million in its report on the accounts of Khyber Pakhtunkhwa in audit year 2011-12. A wasteful expenditure to the tune of Rs 84.710 million has be
Published 03 Mar, 2014 12:00am
Iran backtracks on reports of kidnapped guards' release

Iran backtracks on reports of kidnapped guards' release

The status of five kidnapped Iranian border guards remains unclear, Iran said on Sunday, retracting earlier reports by Iranian military officials that they had been freed in Pakistan. "Until now, reports about the fate of the five border guards are not re
Published 03 Mar, 2014 12:00am
Iran backtracks on reports of kidnapped guards' release

Iran backtracks on reports of kidnapped guards' release

The status of five kidnapped Iranian border guards remains unclear, Iran said on Sunday, retracting earlier reports by Iranian military officials that they had been freed in Pakistan. "Until now, reports about the fate of the five border guards are not re
Published 03 Mar, 2014 12:00am
Pakistan condemns Chinese train attack

Pakistan condemns Chinese train attack

Pakistan strongly condemned on Sunday the barbaric terrorist attack at a train station in Yunnan province of China in which 33 people were killed and more than a hundred sustained injuries. In a statement issued here, the Foreign Office said that being th
Published 03 Mar, 2014 12:00am
Pakistan condemns Chinese train attack

Pakistan condemns Chinese train attack

Pakistan strongly condemned on Sunday the barbaric terrorist attack at a train station in Yunnan province of China in which 33 people were killed and more than a hundred sustained injuries. In a statement issued here, the Foreign Office said that being th
Published 03 Mar, 2014 12:00am
Nato supplies via Torkham resume

Nato supplies via Torkham resume

Nato supplies to Afghanistan through Torkham have been restored, as containers were seen arriving at the border on Sunday after Pakistan Tehrik-e-Insaf (PTI) ended its three-month long sit-in blocking the supply line. Sources said that five containers car
Published 03 Mar, 2014 12:00am
Nato supplies via Torkham resume

Nato supplies via Torkham resume

Nato supplies to Afghanistan through Torkham have been restored, as containers were seen arriving at the border on Sunday after Pakistan Tehrik-e-Insaf (PTI) ended its three-month long sit-in blocking the supply line. Sources said that five containers car
Published 03 Mar, 2014 12:00am
UAE-led group to buy two India power plants in deal worth $1.6 billion

UAE-led group to buy two India power plants in deal worth $1.6 billion

A consortium led by Abu Dhabi National Energy Co (TAQA) has agreed to buy two Indian hydroelectric power plants from Jaiprakash Power Ventures in a deal worth about $1.6 billion, TAQA said on Sunday. The group will spend $616 million on equity in the plan
Published 03 Mar, 2014 12:00am
Novartis chairman rules out merger with Roche

Novartis chairman rules out merger with Roche

Swiss pharma group Novartis will work more closely with rival Roche but rules out a merger, its chairman said in a newspaper interview on Sunday. Asked whether the two companies wanted to stay independent, Joerg Reinhardt, who took over as Novartis chairm
Published 03 Mar, 2014 12:00am
Uch, Guddu plants likely to become operational by May

Uch, Guddu plants likely to become operational by May

Ministry of Water and Power and its attached departments are working day and night to bring gas fired Uch II 404 MW and 747 MW Guddu thermal power plants online by May 2014 to help ease power outages in hot months, well informed sources told Business R
Published 03 Mar, 2014 12:00am
Uch, Guddu plants likely to become operational by May

Uch, Guddu plants likely to become operational by May

Ministry of Water and Power and its attached departments are working day and night to bring gas fired Uch II 404 MW and 747 MW Guddu thermal power plants online by May 2014 to help ease power outages in hot months, well informed sources told Business R
Published 03 Mar, 2014 12:00am
Uch, Guddu plants likely to become operational by May

Uch, Guddu plants likely to become operational by May

Ministry of Water and Power and its attached departments are working day and night to bring gas fired Uch II 404 MW and 747 MW Guddu thermal power plants online by May 2014 to help ease power outages in hot months, well informed sources told Business R
Published 03 Mar, 2014 12:00am
Government halts air strikes; dialogue prospects brighten

Government halts air strikes; dialogue prospects brighten

The government on Sunday said it was halting air strikes against Taliban militants in response to a month-long cease-fire announced by the insurgents a day earlier, paving the way for the resumption of peace talks. "After the positive announcement yesterd
Published 03 Mar, 2014 12:00am
Government halts air strikes; dialogue prospects brighten

Government halts air strikes; dialogue prospects brighten

The government on Sunday said it was halting air strikes against Taliban militants in response to a month-long cease-fire announced by the insurgents a day earlier, paving the way for the resumption of peace talks. "After the positive announcement yesterd
Published 03 Mar, 2014 12:00am
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