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Print - 2014-03-10
Chinese firm keen to invest in KP power sector

Chinese firm keen to invest in KP power sector

A Chinese company Sino-Tia-Cheng Group has offered investment in hydro power schemes in Khyber Pakhtunkhwa especially in power houses projects of Shozhosin (132MW) and Sharmai (120MW) in Chitral. A delegation of the company led by its Chief Executive, Liu
Published 10 Mar, 2014 12:00am
Arab League, Abbas reject recognising Israel as 'Jewish state'

Arab League, Abbas reject recognising Israel as 'Jewish state'

The Arab League on Sunday endorsed Palestinian President Mahmoud Abbas's rejection of Israel's demand for recognition as a Jewish state, as US-backed peace talks approach a deadline next month. The United States want Abbas to make the concession as part o
Published 10 Mar, 2014 12:00am
Arab League, Abbas reject recognising Israel as 'Jewish state'

Arab League, Abbas reject recognising Israel as 'Jewish state'

The Arab League on Sunday endorsed Palestinian President Mahmoud Abbas's rejection of Israel's demand for recognition as a Jewish state, as US-backed peace talks approach a deadline next month. The United States want Abbas to make the concession as part o
Published 10 Mar, 2014 12:00am
Altaf urges people to get united against terrorism and extremism

Altaf urges people to get united against terrorism and extremism

MQM chief Altaf Hussain has called upon the followers of all religious schools of thought to get united against the barbaric terrorists, extremists to save the integrity, solidarity and enlightened, liberal and progressive civilisation of Pakistan before
Published 10 Mar, 2014 12:00am
Altaf urges people to get united against terrorism and extremism

Altaf urges people to get united against terrorism and extremism

MQM chief Altaf Hussain has called upon the followers of all religious schools of thought to get united against the barbaric terrorists, extremists to save the integrity, solidarity and enlightened, liberal and progressive civilisation of Pakistan before
Published 10 Mar, 2014 12:00am
North Koreans vote in parliament 'election'

North Koreans vote in parliament 'election'

Almost all North Koreans cast their ballots Sunday in a pre-determined election for a rubber-stamp parliament - an exercise that doubles as a national head count and may offer clues to power shifts in Pyongyang. All registered voters - except those who ar
Published 10 Mar, 2014 12:00am
North Koreans vote in parliament 'election'

North Koreans vote in parliament 'election'

Almost all North Koreans cast their ballots Sunday in a pre-determined election for a rubber-stamp parliament - an exercise that doubles as a national head count and may offer clues to power shifts in Pyongyang. All registered voters - except those who ar
Published 10 Mar, 2014 12:00am
Setting up of LNG terminal: implementation deal to be signed next week

Setting up of LNG terminal: implementation deal to be signed next week

An implementation agreement between Port Qasim Authority (PQA) and Elengy Terminal Pakistan Limited (ETPL) for setting up of an LNG terminal is expected to be signed sometime next week. Following a meeting held here on Saturday between PQA and ETPL offici
Published 10 Mar, 2014 12:00am
Setting up of LNG terminal: implementation deal to be signed next week

Setting up of LNG terminal: implementation deal to be signed next week

An implementation agreement between Port Qasim Authority (PQA) and Elengy Terminal Pakistan Limited (ETPL) for setting up of an LNG terminal is expected to be signed sometime next week. Following a meeting held here on Saturday between PQA and ETPL offici
Published 10 Mar, 2014 12:00am
Setting up of LNG terminal: implementation deal to be signed next week

Setting up of LNG terminal: implementation deal to be signed next week

An implementation agreement between Port Qasim Authority (PQA) and Elengy Terminal Pakistan Limited (ETPL) for setting up of an LNG terminal is expected to be signed sometime next week. Following a meeting held here on Saturday between PQA and ETPL offici
Published 10 Mar, 2014 12:00am
Afghanistan's powerful Vice President Fahim dies

Afghanistan's powerful Vice President Fahim dies

Afghanistan's powerful vice president, Marshal Mohammad Qasim Fahim, died of natural causes on Sunday, only weeks before the country is due to elect a new leader. He was 57. Once one of Afghanistan's most feared warlords, Fahim had been a top commander in
Published 10 Mar, 2014 12:00am
Afghanistan's powerful Vice President Fahim dies

Afghanistan's powerful Vice President Fahim dies

Afghanistan's powerful vice president, Marshal Mohammad Qasim Fahim, died of natural causes on Sunday, only weeks before the country is due to elect a new leader. He was 57. Once one of Afghanistan's most feared warlords, Fahim had been a top commander in
Published 10 Mar, 2014 12:00am
Musharraf's appearance dependent on situation: lawyer

Musharraf's appearance dependent on situation: lawyer

Pervez Musharraf's legal team has told Business Recorder that his appearance on March 11 (tomorrow) in the Special Court would be dependent on the prevailing security situation that particular day. The Special Court trying him for alleged treason h
Published 10 Mar, 2014 12:00am
Musharraf's appearance dependent on situation: lawyer

Musharraf's appearance dependent on situation: lawyer

Pervez Musharraf's legal team has told Business Recorder that his appearance on March 11 (tomorrow) in the Special Court would be dependent on the prevailing security situation that particular day. The Special Court trying him for alleged treason h
Published 10 Mar, 2014 12:00am
THE RUPEE: unprecedented rise

THE RUPEE: unprecedented rise

An unprecedented rise was seen in the value of rupee as the rupee managed to gain against the dollar on the open and interbank market during the week, ended on March 8. On the interbank market, the rupee rose by Rs 1.75 in terms of the dollar for buying a
Published 10 Mar, 2014 12:00am
THE RUPEE: unprecedented rise

THE RUPEE: unprecedented rise

An unprecedented rise was seen in the value of rupee as the rupee managed to gain against the dollar on the open and interbank market during the week, ended on March 8. On the interbank market, the rupee rose by Rs 1.75 in terms of the dollar for buying a
Published 10 Mar, 2014 12:00am
Future spreads down by 1,124 basis points

Future spreads down by 1,124 basis points

The future spreads decreased by 1,124 basis points during the last week to 0.00 per cent and the trading activities on the futures counter also witnessed a negative trend as average daily volumes remained low by 39.8 per cent to 25.44 million shares. Simi
Published 10 Mar, 2014 12:00am
Future spreads down by 1,124 basis points

Future spreads down by 1,124 basis points

The future spreads decreased by 1,124 basis points during the last week to 0.00 per cent and the trading activities on the futures counter also witnessed a negative trend as average daily volumes remained low by 39.8 per cent to 25.44 million shares. Simi
Published 10 Mar, 2014 12:00am
Future spreads down by 1,124 basis points

Future spreads down by 1,124 basis points

The future spreads decreased by 1,124 basis points during the last week to 0.00 per cent and the trading activities on the futures counter also witnessed a negative trend as average daily volumes remained low by 39.8 per cent to 25.44 million shares. Simi
Published 10 Mar, 2014 12:00am
Future spreads down by 1,124 basis points

Future spreads down by 1,124 basis points

The future spreads decreased by 1,124 basis points during the last week to 0.00 per cent and the trading activities on the futures counter also witnessed a negative trend as average daily volumes remained low by 39.8 per cent to 25.44 million shares. Simi
Published 10 Mar, 2014 12:00am
Positive sentiments pervade KSE

Positive sentiments pervade KSE

Resumption of government - Tehreek-e-Taliban Pakistan (TTP) talks was welcomed by participants at Karachi Stock Exchange (KSE) as the KSE-100 index witnessed a growth of 4.3 percent during the last week, gained 1,108 points to close at 26,892 level. On th
Published 10 Mar, 2014 12:00am
Positive sentiments pervade KSE

Positive sentiments pervade KSE

Resumption of government - Tehreek-e-Taliban Pakistan (TTP) talks was welcomed by participants at Karachi Stock Exchange (KSE) as the KSE-100 index witnessed a growth of 4.3 percent during the last week, gained 1,108 points to close at 26,892 level. On th
Published 10 Mar, 2014 12:00am
Positive sentiments pervade KSE

Positive sentiments pervade KSE

Resumption of government - Tehreek-e-Taliban Pakistan (TTP) talks was welcomed by participants at Karachi Stock Exchange (KSE) as the KSE-100 index witnessed a growth of 4.3 percent during the last week, gained 1,108 points to close at 26,892 level. On th
Published 10 Mar, 2014 12:00am
Merkel raps Putin as Russian forces tighten grip on Crimea

Merkel raps Putin as Russian forces tighten grip on Crimea

Germany's Angela Merkel delivered a rebuke to President Vladimir Putin on Sunday, telling him that a planned Moscow-backed referendum on whether Crimea should join Russia was illegal and violated Ukraine's constitution. Putin defended breakaway moves by p
Published 10 Mar, 2014 12:00am
Merkel raps Putin as Russian forces tighten grip on Crimea

Merkel raps Putin as Russian forces tighten grip on Crimea

Germany's Angela Merkel delivered a rebuke to President Vladimir Putin on Sunday, telling him that a planned Moscow-backed referendum on whether Crimea should join Russia was illegal and violated Ukraine's constitution. Putin defended breakaway moves by p
Published 10 Mar, 2014 12:00am
Bilateral sales tax adjustment: FBR, SRB, PRA likely to sign MoU

Bilateral sales tax adjustment: FBR, SRB, PRA likely to sign MoU

A Memorandum of Understanding (MoU) is expected among the Federal Board of Revenue (FBR), Sindh Revenue Board (SRB) and Punjab Revenue Authority (PRA) on the proposed mechanism of bilateral sales tax adjustment between federation and each of the provinces
Published 10 Mar, 2014 12:00am
Bilateral sales tax adjustment: FBR, SRB, PRA likely to sign MoU

Bilateral sales tax adjustment: FBR, SRB, PRA likely to sign MoU

A Memorandum of Understanding (MoU) is expected among the Federal Board of Revenue (FBR), Sindh Revenue Board (SRB) and Punjab Revenue Authority (PRA) on the proposed mechanism of bilateral sales tax adjustment between federation and each of the provinces
Published 10 Mar, 2014 12:00am
Bilateral sales tax adjustment: FBR, SRB, PRA likely to sign MoU

Bilateral sales tax adjustment: FBR, SRB, PRA likely to sign MoU

A Memorandum of Understanding (MoU) is expected among the Federal Board of Revenue (FBR), Sindh Revenue Board (SRB) and Punjab Revenue Authority (PRA) on the proposed mechanism of bilateral sales tax adjustment between federation and each of the provinces
Published 10 Mar, 2014 12:00am
Missing Malaysian jet may have disintegrated in mid-air

Missing Malaysian jet may have disintegrated in mid-air

Officials investigating the disappearance of a Malaysia Airlines jetliner with 239 people on board suspect it may have disintegrated in mid-flight, a senior source said on Sunday, as Vietnam reported a possible sightinng of wreckage from the plane Interna
Published 10 Mar, 2014 12:00am
Missing Malaysian jet may have disintegrated in mid-air

Missing Malaysian jet may have disintegrated in mid-air

Officials investigating the disappearance of a Malaysia Airlines jetliner with 239 people on board suspect it may have disintegrated in mid-flight, a senior source said on Sunday, as Vietnam reported a possible sightinng of wreckage from the plane Interna
Published 10 Mar, 2014 12:00am
Gadani and Jamshoro coal power projects: Dar for expediting work

Gadani and Jamshoro coal power projects: Dar for expediting work

Finance Minister Muhammad Ishaq Dar has directed the authorities concerned to expedite work on Gadani and Jamshoro coal power projects. The Finance Minister has given directions to authorities concerned while presiding over a meeting on these projects, he
Published 10 Mar, 2014 12:00am
Gadani and Jamshoro coal power projects: Dar for expediting work

Gadani and Jamshoro coal power projects: Dar for expediting work

Finance Minister Muhammad Ishaq Dar has directed the authorities concerned to expedite work on Gadani and Jamshoro coal power projects. The Finance Minister has given directions to authorities concerned while presiding over a meeting on these projects, he
Published 10 Mar, 2014 12:00am
Gadani and Jamshoro coal power projects: Dar for expediting work

Gadani and Jamshoro coal power projects: Dar for expediting work

Finance Minister Muhammad Ishaq Dar has directed the authorities concerned to expedite work on Gadani and Jamshoro coal power projects. The Finance Minister has given directions to authorities concerned while presiding over a meeting on these projects, he
Published 10 Mar, 2014 12:00am
Country receives foreign inflows of over $3.5 billion in FY14

Country receives foreign inflows of over $3.5 billion in FY14

The country has received foreign inflows of over $3.5 billion including disbursement from Coalition Support Fund (CSF), IMF releases under the Extended Fund Facility (EFF), grants and loans from multilateral and bilateral donors in the current fiscal 2013
Published 10 Mar, 2014 12:00am
Country receives foreign inflows of over $3.5 billion in FY14

Country receives foreign inflows of over $3.5 billion in FY14

The country has received foreign inflows of over $3.5 billion including disbursement from Coalition Support Fund (CSF), IMF releases under the Extended Fund Facility (EFF), grants and loans from multilateral and bilateral donors in the current fiscal 2013
Published 10 Mar, 2014 12:00am
Country receives foreign inflows of over $3.5 billion in FY14

Country receives foreign inflows of over $3.5 billion in FY14

The country has received foreign inflows of over $3.5 billion including disbursement from Coalition Support Fund (CSF), IMF releases under the Extended Fund Facility (EFF), grants and loans from multilateral and bilateral donors in the current fiscal 2013
Published 10 Mar, 2014 12:00am
Branchless banking transactions reach Rs 802 billion mark

Branchless banking transactions reach Rs 802 billion mark

Branchless Banking (BB) continues to post a notable growth in all key indicators and the total value of the BB transactions have reached historical mark of Rs802 billion, up by 63 per cent during the year of 2013. Industry sources told Business Recorde
Published 10 Mar, 2014 12:00am
Branchless banking transactions reach Rs 802 billion mark

Branchless banking transactions reach Rs 802 billion mark

Branchless Banking (BB) continues to post a notable growth in all key indicators and the total value of the BB transactions have reached historical mark of Rs802 billion, up by 63 per cent during the year of 2013. Industry sources told Business Recorde
Published 10 Mar, 2014 12:00am
Branchless banking transactions reach Rs 802 billion mark

Branchless banking transactions reach Rs 802 billion mark

Branchless Banking (BB) continues to post a notable growth in all key indicators and the total value of the BB transactions have reached historical mark of Rs802 billion, up by 63 per cent during the year of 2013. Industry sources told Business Recorde
Published 10 Mar, 2014 12:00am
Tensions soar between Qatar and Gulf states

Tensions soar between Qatar and Gulf states

Saudi and Emirati pundits have quit major media outlets in Qatar, including the broadcaster of top-flight European football, they said on Sunday, as tensions soar between Doha and Gulf states. In an unprecedented decision on Wednesday, Saudi Arabia, the U
Published 10 Mar, 2014 12:00am
Tensions soar between Qatar and Gulf states

Tensions soar between Qatar and Gulf states

Saudi and Emirati pundits have quit major media outlets in Qatar, including the broadcaster of top-flight European football, they said on Sunday, as tensions soar between Doha and Gulf states. In an unprecedented decision on Wednesday, Saudi Arabia, the U
Published 10 Mar, 2014 12:00am
Department lacking capacity to deal with situation

Department lacking capacity to deal with situation

Despite the fact that more than 130, (unofficial figures), innocent children have died in drought-hit Tharparkar, Sindh government's Relief department has failed to cope with the grim situation, it was learnt on Sunday. The department, which is responsibl
Published 10 Mar, 2014 12:00am
Department lacking capacity to deal with situation

Department lacking capacity to deal with situation

Despite the fact that more than 130, (unofficial figures), innocent children have died in drought-hit Tharparkar, Sindh government's Relief department has failed to cope with the grim situation, it was learnt on Sunday. The department, which is responsibl
Published 10 Mar, 2014 12:00am
Sindh chief minister announces compensation for victims

Sindh chief minister announces compensation for victims

Chief Minister Sindh Syed Qaim Ali Shah has said that Rs 200,000 each would be given as compensation to the families of the children who died in drought-hit Tharparkar. He was addressing a news conference after a meeting with district government and other
Published 10 Mar, 2014 12:00am
Sindh chief minister announces compensation for victims

Sindh chief minister announces compensation for victims

Chief Minister Sindh Syed Qaim Ali Shah has said that Rs 200,000 each would be given as compensation to the families of the children who died in drought-hit Tharparkar. He was addressing a news conference after a meeting with district government and other
Published 10 Mar, 2014 12:00am
Prime Minister to visit famine-hit Thar today

Prime Minister to visit famine-hit Thar today

Prime Minister Muhammad Nawaz Sharif will visit Mithi on Monday (today) to have firsthand information about the havoc wreaked in drought-hit areas of Tharparkar, it is learnt. According to the sources, the prime minister has cancelled all other official e
Published 10 Mar, 2014 12:00am
Prime Minister to visit famine-hit Thar today

Prime Minister to visit famine-hit Thar today

Prime Minister Muhammad Nawaz Sharif will visit Mithi on Monday (today) to have firsthand information about the havoc wreaked in drought-hit areas of Tharparkar, it is learnt. According to the sources, the prime minister has cancelled all other official e
Published 10 Mar, 2014 12:00am
Nisar phones Imran, discusses Taliban talks

Nisar phones Imran, discusses Taliban talks

Interior Minister Chaudhary Nisar Ali Khan on Sunday contacted Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan over phone and exchanged views on the ongoing talks with the Taliban. Sources said that in wake of the contact between the two leaders, a meetin
Published 10 Mar, 2014 12:00am
Nisar phones Imran, discusses Taliban talks

Nisar phones Imran, discusses Taliban talks

Interior Minister Chaudhary Nisar Ali Khan on Sunday contacted Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan over phone and exchanged views on the ongoing talks with the Taliban. Sources said that in wake of the contact between the two leaders, a meetin
Published 10 Mar, 2014 12:00am
The Weather

The Weather

The weather report on Sunday (March 09, 2014) and the forecast for Monday (March 10, 2014).

Published 10 Mar, 2014 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 03 to 07 2014).

Published 10 Mar, 2014 12:00am
Rs 15 million taken away in 10 banks heists in 2014

Rs 15 million taken away in 10 banks heists in 2014

More than Rs15 million were taken away in 10 banks robberies across the city in 2014. According to data collected from police sources, four bank robberies were reported in January, three in February and three in just nine days of March, 2014. It is pertin
Published 10 Mar, 2014 12:00am
Thar disaster: APC accuses Sindh government of negligence

Thar disaster: APC accuses Sindh government of negligence

Sindh government is responsible for over 100 children's death in Tharparkar district due to malnutrition. The casualties could have been avoided if the allocated wheat was distributed among people in time, stated a resolution unanimously passed by All Par
Published 10 Mar, 2014 12:00am
PEF grants soft loan facility

PEF grants soft loan facility

The Punjab Education Foundation (PEF) has granted soft loan facility of Rs 50,000 each to 183 private schools partnering under phase one to three of New School Program (NSP). According to an official of PEF, cheques have been given to 28 partner schools w
Published 10 Mar, 2014 12:00am
Bridge blown up in Bolan district

Bridge blown up in Bolan district

Miscreants blew up a newly-built bridge in Balochistan's Bolan district on Sunday, suspending the traffic bound for Punjab. According to Levies sources, miscreants set off remote-controlled explosives to blow up a bride recently built on Quetta-Sibbi road
Published 10 Mar, 2014 12:00am
President and PM condole with Karzai

President and PM condole with Karzai

President Mamnoon Hussain and Prime Minister Nawaz Sharif have conveyed deep sympathies and condolences to President Hamid Karzai over the demise of Afghanistan's first Vice-President Marshal Mohammad Qasim Fahim. In their separate messages, the President
Published 10 Mar, 2014 12:00am
Fazl opposes Army's inclusion in Taliban talks

Fazl opposes Army's inclusion in Taliban talks

Jamiat Ulema-e-Islam-Fazl (JUI-F) chief, Maulana Fazl-ur-Rehman, has opposed the inclusion of Pakistan Army in the committee engaged in peace talks with the Taliban. Talking to a private news channel, Fazl said that representation of Army in the committee
Published 10 Mar, 2014 12:00am
Health department, ad hoc nurses talks inconclusive

Health department, ad hoc nurses talks inconclusive

The parleys between the ad-hoc nurses and the provincial health department remained inconclusive as the government could not oblige the nurses to regularise their services against the rules and regulations. The meeting was attended by the Director General
Published 10 Mar, 2014 12:00am
Opposition parties demand timely LG polls in KP

Opposition parties demand timely LG polls in KP

The ANP, JUI-F and PPP havedecided to fully participate in the upcoming local government elections in Khyber Pakhtunkhwa and demanded the provincial government to hold timely local bodies polls in the province.
Published 10 Mar, 2014 12:00am
Islamabad Police set up 126 halting points to curb crime

Islamabad Police set up 126 halting points to curb crime

Islamabad Police have set up 126 halting points to control crime, particularly car snatching, street crime and theft incidents, in the city. Some 63 vehicles have been deployed at the halting points to keep vigil over suspicious persons and vehicles. Acco
Published 10 Mar, 2014 12:00am
The issue of leadership-I

The issue of leadership-I

Leaders, in the context of Statehood, are supposed to be visionaries, proactive, decisive, who take initiative, provide leadership and direction to the nation. The entire crop of Pakistani leaders, institutional heads and politicians, woefully lack these
Published 10 Mar, 2014 12:00am
First Indian film museum to open in home of Bollywood

First Indian film museum to open in home of Bollywood

Seven years in the making and costing nearly $20 million, the first Indian film museum is set to open in the home of Bollywood, more than 100 years after the country's celebrated movie industry was born. The government-funded National Museum of Indian Cin
Published 10 Mar, 2014 12:00am
National interest: Trade talks, free trade and trade diplomacy

National interest: Trade talks, free trade and trade diplomacy

Trade and industry in Pakistan is all but consumed by the ongoing trade negotiations with India. Information flow on such an important development for the country is largely restricted to media reports about how soon and how quickly the bureaucrats and po
Published 10 Mar, 2014 12:00am
The indebtedness

The indebtedness

Irrespective of the PML-N pledges contained in its election manifesto still displayed on its website and subsequent claims of adherence to the manifesto by Ishaq Dar after he took over the portfolio of Finance the country's tax system has witnessed no str
Published 10 Mar, 2014 12:00am
Hasten slowly

Hasten slowly

Tehreek-i-Taliban Pakistan has won the first round. Not only was its principal interlocutor Maulana Samiul Haq entertained to a sumptuous breakfast at the Prime Minister House he has also won Prime Minister Nawaz Sharif's concurrence that state is prepare
Published 10 Mar, 2014 12:00am
Missing the revenue collection target again

Missing the revenue collection target again

The Federal Finance Minister, Mohammad Ishaq Dar, said the budgetary revenue collection target for the current financial year has been reduced by Rs 130 billion and the bulk of this cut (Rs 115bn) will be met by slashing the Public Sector Development Prog
Published 10 Mar, 2014 12:00am
Colombians vote for congress ahead of FARC peace accord

Colombians vote for congress ahead of FARC peace accord

Colombians voted on Sunday for a new congress that will tackle legislation for the next president and play a historic role in creating laws to end five decades of conflict if peace is reached with Marxist FARC rebels.
Published 10 Mar, 2014 12:00am
Venezuelans bang pots, pans to protest president

Venezuelans bang pots, pans to protest president

Armed with cooking pots in a potent symbol of Venezuela's chronic food shortages, several thousand people took to the streets of Caracas Saturday in the latest rally against President Nicolas Maduro. The protests, which fell on International Women's Day,
Published 10 Mar, 2014 12:00am
Greeks protest against Syria chemical weapon destruction at sea

Greeks protest against Syria chemical weapon destruction at sea

Two thousand demonstrators gathered on the Greek island of Crete on Sunday to protest against the planned destruction of Syria's chemical weapons in the eastern Mediterranean, an AFP reporter said. Despite pouring rain at the port of Souda, crowds brandis
Published 10 Mar, 2014 12:00am
William Clay Ford Sr dies

William Clay Ford Sr dies

Former Ford Motor Co executive William Clay Ford Sr., the last surviving grandchild of the automaker's founder Henry Ford, died on Sunday at age 88, the company said. Ford, who spent many of his 57 years at Ford focusing on cars' design, died of pneumonia
Published 10 Mar, 2014 12:00am
At least 40 killed in Yemen

At least 40 killed in Yemen

At least 40 people have been killed in three days of fighting between Shia Muslim rebels and Sunni tribesmen, sources on both sides said on Sunday, as sectarian fighting that flared up in October in the north drew closer to the capital Sanaa. Fighters loy
Published 10 Mar, 2014 12:00am
Iraq cuts April crude prices to US, Asia; ups Europe

Iraq cuts April crude prices to US, Asia; ups Europe

Iraq cut the price of Basra light crude to US buyers for April by 10 cents to 60 cents per barrel below the Argus (ASCI) benchmark and raised the prices to Europe, the State Oil Marketing Organisation (SOMO) said on Sunday. The price for Basra light crude
Published 10 Mar, 2014 12:00am
India far-right party supports Modi for Prime Minister

India far-right party supports Modi for Prime Minister

A far-right wing Indian party on Sunday publicly threw its support behind opposition Hindu nationalist Narendra Modi for prime minister ahead of next month's general elections. The firebrand head of the Maharashtra Navnirman Sena (MNS), Raj Thackeray, sai
Published 10 Mar, 2014 12:00am
Ranbaxy recalls some batches of generic Lipitor in latest quality blow

Ranbaxy recalls some batches of generic Lipitor in latest quality blow

Indian drugmaker Ranbaxy Laboratories Ltd, reeling under a flurry of regulatory rebukes due to manufacturing quality concerns, has recalled more than 64,000 bottles of the generic version of a cholesterol-lowering drug in the United States after doseage m
Published 10 Mar, 2014 12:00am
Austria's Nowotny supports Hypo bad bank without state guarantees

Austria's Nowotny supports Hypo bad bank without state guarantees

Austria's central bank governor recommends putting nationalised bank Hypo Alpe Adria's toxic assets into a limited company without blanket state guarantees, he said on Sunday. Rather than a state-owned "bad bank" that could continue to be a drain on publi
Published 10 Mar, 2014 12:00am
Qatar's Barwa Bank names Subeai as acting CEO

Qatar's Barwa Bank names Subeai as acting CEO

Qatar's Barwa Bank said on Sunday it had appointed Khalid Yousef al-Subeai as acting chief executive officer, the latest example of local bankers being moved into top jobs in the Gulf Arab state. The appointment of Subeai, effective from Sunday, was "a ve
Published 10 Mar, 2014 12:00am
Airbus aims to expand slice of smaller US defence 'pie'

Airbus aims to expand slice of smaller US defence 'pie'

Top Airbus executives on Friday said they still hoped to expand the company's share of the shrinking US defence market but did not see a large US acquisition target in the near-term. Airbus Group Chief Executive Officer Tom Enders said the company had bac
Published 10 Mar, 2014 12:00am
New levies to deprive exporters of GSP+ advantage: Prgmea

New levies to deprive exporters of GSP+ advantage: Prgmea

Prospects for value-added textile growth under GSP Plus status are gradually dimming as local textile products are forecast to turn uncompetitive in EU markets in the wake of government's 'imprudent' duty and taxation policy for the sector and India's big
Published 10 Mar, 2014 12:00am
Swat snow festival to begin from March 12 at Malam Jabba

Swat snow festival to begin from March 12 at Malam Jabba

A five-day snow festival will start with traditional as well as cultural fervour in the picturesque and serene valley of Swat at Malam Jabba from March 12 (Wednesday). The regularity in conduct of the festival, keen interest of tourists and enthusiasm of
Published 10 Mar, 2014 12:00am
PFF holding 'Fisherwomen Convention' today

PFF holding 'Fisherwomen Convention' today

Pakistan Fisherfolk Forum (PFF), realising the role of women in water management and conservation, is going to organise 'Fisherwomen Convention' on March 10 at the Hyderabad Press Club. Women from different walks of life including civil society activists,
Published 10 Mar, 2014 12:00am
IGP suspends SI for abusing powers

IGP suspends SI for abusing powers

On the complaint of a citizen, the Inspector General of Police (IGP), Khyber Pakhtunkhwa, Nasir Khan Durrani has suspended Sub-Inspector (SI), Saif-ur-Rehman and ordered registration of a criminal case against him and his brother. He has also ordered depa
Published 10 Mar, 2014 12:00am
MOL Group launches international graduate program 'Freshhh 2014'

MOL Group launches international graduate program 'Freshhh 2014'

MOL Group has launched the 2014 version of its successful international graduate program 'Freshhh'. This program offers student groups from various universities and colleges of the world including Pakistan to win 20,000 Euros along with a possible career.
Published 10 Mar, 2014 12:00am
Financial constraints major issue in speedy progress: Khattak

Financial constraints major issue in speedy progress: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that financial constraints is the major hurdle in speedy development of the province but it was never made impediment in our way to go forward. Era of progress and prosperity is ushering in KP soon
Published 10 Mar, 2014 12:00am
Two labourers killed by land sliding

Two labourers killed by land sliding

Two labourers were killed by land sliding in Soor Qamar area of Khyber Agency, officials said on Sunday. According to details, labourers were busy in digging a hill to collect stones for construction when a rock suddenly fell entrapping two workers undern
Published 10 Mar, 2014 12:00am
Blast hurts couple in Peshawar

Blast hurts couple in Peshawar

At least two persons, including a woman, were injured when a time device explosion occurred at Dalazak Road in Peshawar on Sunday. Sources said that unknown persons had planted a bomb near the house of Hateeb Gul, in Corporation Colony area of Yousaf Abad
Published 10 Mar, 2014 12:00am
Two ASWJ workers among three killed

Two ASWJ workers among three killed

At least 3 persons were killed while two others were injured in different incidents of violence in metropolis, here on Sunday. According to police and rescue sources, Qari Ibrahim, and Qari Altaf were shot and killed while Tayyib and Abdul Qadir were shot
Published 10 Mar, 2014 12:00am
Oman court jails businessman to 15 years over bribes

Oman court jails businessman to 15 years over bribes

A court in Oman on Sunday sentenced a former executive of an engineering firm to a total of 15 years in jail for five counts of bribery in exchange for contracts from a state-owned oil company. The trial, part of a crackdown by the government on corruptio
Published 10 Mar, 2014 12:00am
German IT market eyes 2014 growth but lags global pace

German IT market eyes 2014 growth but lags global pace

The German IT and communications sector is set to return to growth in 2014 driven by smartphones and tablet computers but still trail a booming global market, an industry lobby said Sunday. On the eve of the world's biggest hi-tech fair, Germany's BITKOM
Published 10 Mar, 2014 12:00am
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