AIRLINK 205.81 Increased By ▲ 5.52 (2.76%)
BOP 10.24 Decreased By ▼ -0.25 (-2.38%)
CNERGY 7.06 Decreased By ▼ -0.15 (-2.08%)
FCCL 34.66 Decreased By ▼ -0.28 (-0.8%)
FFL 17.10 Decreased By ▼ -0.32 (-1.84%)
FLYNG 24.68 Decreased By ▼ -0.17 (-0.68%)
HUBC 131.18 Increased By ▲ 3.37 (2.64%)
HUMNL 13.98 Increased By ▲ 0.17 (1.23%)
KEL 4.91 Decreased By ▼ -0.09 (-1.8%)
KOSM 6.81 Decreased By ▼ -0.22 (-3.13%)
MLCF 44.34 Decreased By ▼ -0.28 (-0.63%)
OGDC 221.77 Decreased By ▼ -0.38 (-0.17%)
PACE 7.22 Decreased By ▼ -0.20 (-2.7%)
PAEL 42.69 Decreased By ▼ -0.11 (-0.26%)
PIAHCLA 17.13 Decreased By ▼ -0.26 (-1.5%)
PIBTL 8.42 Decreased By ▼ -0.09 (-1.06%)
POWER 9.09 Decreased By ▼ -0.06 (-0.66%)
PPL 190.86 Decreased By ▼ -1.87 (-0.97%)
PRL 43.49 Increased By ▲ 1.99 (4.8%)
PTC 24.79 Increased By ▲ 0.35 (1.43%)
SEARL 102.66 Increased By ▲ 1.39 (1.37%)
SILK 1.02 Decreased By ▼ -0.03 (-2.86%)
SSGC 42.74 Decreased By ▼ -1.13 (-2.58%)
SYM 18.40 Decreased By ▼ -0.36 (-1.92%)
TELE 9.26 Decreased By ▼ -0.28 (-2.94%)
TPLP 13.15 Increased By ▲ 0.07 (0.54%)
TRG 68.78 Increased By ▲ 2.59 (3.91%)
WAVESAPP 10.42 Decreased By ▼ -0.11 (-1.04%)
WTL 1.80 Increased By ▲ 0.02 (1.12%)
YOUW 4.00 Decreased By ▼ -0.04 (-0.99%)
BR100 12,034 Decreased By -5.6 (-0.05%)
BR30 36,777 Increased By 88.7 (0.24%)
KSE100 114,496 Decreased By -308.5 (-0.27%)
KSE30 36,003 Decreased By -99.2 (-0.27%)
Jan 16, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-03-15
Time to take time out

Time to take time out

My lodgings backed against the grand mosque at KAUST (King Abdullah University of Science and Technology) in Saudi Arabia. The calls to prayer that rang through campus began and ended my days there, and punctuated them every few hours in between.
Published 15 Mar, 2014 12:00am
Natural spectacles

Natural spectacles

Enzo Forciniti's profession is written, so to speak, in his face: the 32-year-old is wearing a very discreet pair of wooden-framed spectacles. Forciniti designed and made the frames himself and he has opened a small shop in the eastern German city of Leip
Published 15 Mar, 2014 12:00am
ART FACTS: Tangible and intangible

ART FACTS: Tangible and intangible

Naiza Khan seems to be inspired equally by almost every artistic medium her multilayered body of artistic works covers paintings, prints, photographs, sculptures, videos and charcoal sketches in an exhibition titled 'The Weight of Things' at Koel Gallery,
Published 15 Mar, 2014 12:00am
Volcanoes saw species survive ice ages

Volcanoes saw species survive ice ages

The steam and heat from volcanoes allowed species of plants and animals to survive past ice ages, a study showed Tuesday, offering help for scientists dealing with climate change. An international team of researchers said their analysis helped explain a l
Published 15 Mar, 2014 12:00am
Funding crime thru illicit trade in cigarettes

Funding crime thru illicit trade in cigarettes

Wait before you light up! The smuggled cigarettes you are buying and smoking may just be funding one of the biggest crime syndicates in Pakistan; undermining national security itself. You might shrug this off as an exaggeration; but it's not. Let me expla
Published 15 Mar, 2014 12:00am
KARACHI CHRONICLE: The killing fields of Lyari

KARACHI CHRONICLE: The killing fields of Lyari

That the gang war has spilled out of Lyari into other neighbourhoods is a reality that has found its best expression in the tragedy of Monday March 10 when five young Baloch men, three of them professional boxers, were killed in Mowachh Goth, on suspicion
Published 15 Mar, 2014 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Cash basis bids for hard red winter wheat were steady in the US Plains on Thursday with concerns persisting about dry conditions in the region. A drought report issued Thursday by a consortium of state and federal climatologists said that the week ended M
Published 15 Mar, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

Pakistan Mercantile Exchange (PMEX) witnessed another 13 percent decrease in the value traded on Friday. Total value of trade declined to PKR 3,576 million from PKR 4,110 million recorded on Friday. Number of lots traded went down to 14,774 from 18,975. H
Published 15 Mar, 2014 12:00am
FOB US Gulf corn offers weaker

FOB US Gulf corn offers weaker

FOB US Gulf corn basis offers were weaker late Thursday on quiet demand as importers turned to South America for cheaper supplies, traders said. While US corn out of the Gulf was uncompetitive with Brazil and Argentina, PNW corn values for export showed a
Published 15 Mar, 2014 12:00am
US natural gas futures fall for third day

US natural gas futures fall for third day

US natural gas futures fell for a third day on Thursday, easing 2.4 percent after an expected record-setting withdrawal from storage and forecasts for less heating demand over the next two weeks. The front-month natural gas futures contract on the New Yor
Published 15 Mar, 2014 12:00am
China cancels LatAm soyabean cargoes as poor margins hit demand

China cancels LatAm soyabean cargoes as poor margins hit demand

Chinese soyabean importers have cancelled up to 600,000 tonnes of South American soyabean cargoes for shipment between March and May, two trade sources said, as an outbreak of bird flu in the country and negative crush margins curb demand. US soyabean fut
Published 15 Mar, 2014 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 63,529 tonnes of cargo comprising 40,263 tonnes of import cargo and 23,266 tonnes of export cargo including 4,271 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 40,26
Published 15 Mar, 2014 12:00am
Cotton market: rates stable amid cautious buying by mills

Cotton market: rates stable amid cautious buying by mills

Millers and spinners did a cautious buying on the cotton market on Friday as uncertainties fully persisted after surprising fall in the rates of dollar versus the rupee during the week, dealers said. The official spot rate held the overnight level at Rs 6
Published 15 Mar, 2014 12:00am
Indian sugar, soya futures end higher

Indian sugar, soya futures end higher

Indian sugar futures closed up on Thursday as overseas sales from the world's second top producer improved, traders said. Indian mills are exporting more raw sugar to Iran and Asian markets, aided by a production incentives package and recovering world pr
Published 15 Mar, 2014 12:00am
Banks to be hit with Microsoft costs for running outdated ATMs

Banks to be hit with Microsoft costs for running outdated ATMs

Banks around the world, consumed with meeting more stringent capital regulations, will miss a deadline to upgrade outdated software for automated teller machines (ATMs) and face additional costs to Microsoft to keep them secure. The US software company fi
Published 15 Mar, 2014 12:00am
Banks to be hit with Microsoft costs for running outdated ATMs

Banks to be hit with Microsoft costs for running outdated ATMs

Banks around the world, consumed with meeting more stringent capital regulations, will miss a deadline to upgrade outdated software for automated teller machines (ATMs) and face additional costs to Microsoft to keep them secure. The US software company fi
Published 15 Mar, 2014 12:00am
Oil price pressure to ease despite global tension: IEA

Oil price pressure to ease despite global tension: IEA

A surge in supply from Iraq and other oil producers should be more than sufficient to meet growing demand this year, reducing pressure on markets despite rising international tensions, the West's energy watchdog said on Friday. "While international tensio
Published 15 Mar, 2014 12:00am
ECB ready to fight deflation, keeps close eye on euro: Draghi

ECB ready to fight deflation, keeps close eye on euro: Draghi

The European Central Bank has been preparing additional policy steps to guard against deflation taking hold in the euro zone as the strong euro weighs on prices, ECB President Mario Draghi said on Thursday. The risks of deflation were "quite limited" at p
Published 15 Mar, 2014 12:00am
Canada household debt-to-income ratio slips from record high

Canada household debt-to-income ratio slips from record high

The ratio of Canadian household debt to income in the fourth quarter of 2013 slipped from a record high while net worth rose, bolstering the Bank of Canada's belief that the housing market is in for a soft landing. Statistics Canada said the ratio of hous
Published 15 Mar, 2014 12:00am
Eurozone employment rises first time in three years in Q4

Eurozone employment rises first time in three years in Q4

Eurozone employment rose for the first time in nearly three years in the last quarter of 2013 adding to signs of the bloc's gradual economic recovery, with clear improvement also in the most troubled southern region. Employment in the euro zone inched up
Published 15 Mar, 2014 12:00am
US consumer sentiment slips; bad weather eyed

US consumer sentiment slips; bad weather eyed

US consumer sentiment weakened in early March as an unusually harsh winter appeared to dim views on the economy's prospects. The preliminary Thomson Reuters/University of Michigan index of consumer sentiment fell to 79.9 in March from 81.6 the prior month
Published 15 Mar, 2014 12:00am
India's wholesale inflation eases

India's wholesale inflation eases

India's wholesale price-based inflation eased to a nine-month low in February as food and fuel prices moderated, raising expectations that the central bank would leave interest rates unchanged at its policy review next month. The wholesale price index (WP
Published 15 Mar, 2014 12:00am
Global powers sign declaration on sustainable fishing

Global powers sign declaration on sustainable fishing

Officials from some of the world's top fishing powers signed a declaration in Greece on Friday to promote sustainable management of fish stocks. The signatories - the EU, United States, Japan, Philippines, Colombia and Indonesia - pledged to support measu
Published 15 Mar, 2014 12:00am
Barclays reviews investment bank, more cuts expected

Barclays reviews investment bank, more cuts expected

Barclays has launched the third review of its investment bank in as many years, and is likely to cut more jobs and business areas as it battles to improve profitability, people familiar with the matter said. The review, already underway, will be completed
Published 15 Mar, 2014 12:00am
Barclays reviews investment bank, more cuts expected

Barclays reviews investment bank, more cuts expected

Barclays has launched the third review of its investment bank in as many years, and is likely to cut more jobs and business areas as it battles to improve profitability, people familiar with the matter said. The review, already underway, will be completed
Published 15 Mar, 2014 12:00am
Venezuela inflation tops 57 percent

Venezuela inflation tops 57 percent

Venezuela's annual inflation rate rose to 57.3 percent in February, the central bank said on Friday, as violent opposition demonstrations during the month disrupted the economy. The South American Opec nation, which has one of the world's highest rates of
Published 15 Mar, 2014 12:00am
Canada's new house prices post biggest rise in 20 months

Canada's new house prices post biggest rise in 20 months

Canadian housing prices rose by 0.3 percent in January, the biggest jump for 20 months, on strong gains in the western Prairie region, Statistics Canada said on Thursday. The increase - greater than the 0.1 percent advance forecast by market analysts - wa
Published 15 Mar, 2014 12:00am
Japan to name and shame firms refusing pay hikes

Japan to name and shame firms refusing pay hikes

Japan's trade ministry said Thursday it would take the unprecedented step of disclosing the names of firms that did not raise employees' wages in annual labour talks, after calls by the prime minister to boost pay. The surprising move comes days after eco
Published 15 Mar, 2014 12:00am
Infosys sees weaker sales, shares tank

Infosys sees weaker sales, shares tank

Shares of Indian outsourcing giant Infosys slid almost nine percent Thursday after the firm warned that quarterly revenues may be weaker-than-expected following project cancellations. Analysts said the revenue warning could also have implications for the
Published 15 Mar, 2014 12:00am
Infosys sees weaker sales, shares tank

Infosys sees weaker sales, shares tank

Shares of Indian outsourcing giant Infosys slid almost nine percent Thursday after the firm warned that quarterly revenues may be weaker-than-expected following project cancellations. Analysts said the revenue warning could also have implications for the
Published 15 Mar, 2014 12:00am
Banks fear 'too small to survive,' not 'too big to fail': UBS boss

Banks fear 'too small to survive,' not 'too big to fail': UBS boss

European banks are more concerned about being "too small to survive" than "too big to fail" due to the challenges they face from holding more capital and increased competition and costs, the boss of Swiss bank UBS said on Thursday. Lawmakers and regulator
Published 15 Mar, 2014 12:00am
Bankers behaving badly face six-year bonus clawback by BoE

Bankers behaving badly face six-year bonus clawback by BoE

Misbehaving bankers and their bosses will have to hand back bonuses up to six years after they pocket them under a rule the Bank of England is proposing to prevent excessive risk-taking. The aim of the rule put out for consultation by the central bank on
Published 15 Mar, 2014 12:00am
Bankers behaving badly face six-year bonus clawback by BoE

Bankers behaving badly face six-year bonus clawback by BoE

Misbehaving bankers and their bosses will have to hand back bonuses up to six years after they pocket them under a rule the Bank of England is proposing to prevent excessive risk-taking. The aim of the rule put out for consultation by the central bank on
Published 15 Mar, 2014 12:00am
Australia's unemployment rate steadies

Australia's unemployment rate steadies

Australia's unemployment rate was steady at its decade-high level of 6.0 percent for the second straight month in February, despite a surprising rise in full-time positions, data showed Thursday. The Australian Bureau of Statistics said while there was st
Published 15 Mar, 2014 12:00am
Indian shares up

Indian shares up

Indian shares edged higher on Friday as strong buying by foreign investors boosted bluechips such as Larsen & Toubro and kept both indexes not too far from their record highs, although some caution was setting in about the pace of recent gains. Foreign in
Published 15 Mar, 2014 12:00am
Tokyo stocks plunge

Tokyo stocks plunge

Tokyo stocks tumbled 3.30 percent on Friday, following sharp falls on Wall Street and a rise in the yen as investors fret about the Ukraine crisis and China's economy. The benchmark Nikkei-225 index lost 488.32 points to 14,327.66, while the Topix index o
Published 15 Mar, 2014 12:00am
Friday's early trade: stocks slightly higher

Friday's early trade: stocks slightly higher

US stocks were slightly higher on Friday, recovering from their worst session since early February, but investors were reluctant to make big bets ahead of a referendum in Crimea this weekend. The S&P 500 was below a key technical support level of 1,850 fo
Published 15 Mar, 2014 12:00am
Wall Street tumbles

Wall Street tumbles

US stocks tumbled on Thursday, with the Dow and the S&P 500 suffering their worst day since early February, on rising concerns over Ukraine and Russia and new signs of a slowdown in China. Selling accelerated in afternoon trading after Russia launched mil
Published 15 Mar, 2014 12:00am
South Korea shares at five-week low

South Korea shares at five-week low

South Korean shares fell to their lowest in five weeks on Friday as soft economic data heightened investor's fears that China's economy may be slowing more than expected, while tensions in Ukraine kept them on edge. The Korea Composite Stock Price Index (
Published 15 Mar, 2014 12:00am
Longer-dated Treasuries hit one-week high

Longer-dated Treasuries hit one-week high

Longer-dated US Treasuries prices rallied to their highest levels in over a week on Thursday on heightened tensions over a US-European response against Russia if a referendum in Ukraine's Crimea region goes ahead. US Secretary of State John Kerry said Thu
Published 15 Mar, 2014 12:00am
Longer-dated Treasuries hit one-week high

Longer-dated Treasuries hit one-week high

Longer-dated US Treasuries prices rallied to their highest levels in over a week on Thursday on heightened tensions over a US-European response against Russia if a referendum in Ukraine's Crimea region goes ahead. US Secretary of State John Kerry said Thu
Published 15 Mar, 2014 12:00am
Hong Kong and China stocks down

Hong Kong and China stocks down

Hong Kong shares fell 1.00 percent on Friday, following heavy losses on Wall Street as traders grew increasingly concerned about the Chinese economy and the Ukraine crisis. The benchmark Hang Seng Index slipped 216.59 points to 21,539.49 on turnover of HK
Published 15 Mar, 2014 12:00am
European shares rattled by Crimean concerns

European shares rattled by Crimean concerns

European shares extended a pull-back on Friday as tensions in Ukraine before a weekend referendum in the country's Crimea region sent a pan-European equity index down to its lowest level in more than a month. The uncertainty over Crimea, after Russia effe
Published 15 Mar, 2014 12:00am
Russian stocks slump

Russian stocks slump

Russian stock indexes hit their lowest levels since 2009 on Friday before clawing back some ground, two days before a referendum in Crimea that is expected to provoke western sanctions against Russia. The rouble was also down despite a central bank decisi
Published 15 Mar, 2014 12:00am
Sri Lankan shares fall

Sri Lankan shares fall

Sri Lankan shares fell for a fifth straight session on Friday to their lowest in more than two weeks with turnover slumping to almost a quarter of this year's daily average as investors awaited direction from a UN resolution on the island nation's human r
Published 15 Mar, 2014 12:00am
Australian shares drop

Australian shares drop

Australian shares dropped 1.5 percent to one-month lows on Friday, hit by across-the-board selling as a drop in copper prices compounded worries over slowing growth in China and the crisis in Ukraine. The S&P/ASX 200 index lost 83.2 points to 5,329.4, its
Published 15 Mar, 2014 12:00am
FTSE hits five-week low on Ukraine concerns, cyclicals down

FTSE hits five-week low on Ukraine concerns, cyclicals down

Britain's top share index touched a five-week low on Friday and headed for its biggest weekly drop in eight months, with growth-driven stocks losing ground before a referendum in Ukraine's Crimea region. The fund management, insurance and mining sectors,
Published 15 Mar, 2014 12:00am
Yen, Swiss franc in demand in Asia

Yen, Swiss franc in demand in Asia

Safe-haven currencies like the Swiss franc and the yen were in demand on Friday, having surged overnight as tensions in Ukraine flared up and worries about the health of the Chinese economy continued to fester. Russia launched new military exercises near
Published 15 Mar, 2014 12:00am
Yen benefits from safety flows

Yen benefits from safety flows

The yen was in demand on Friday, heading for its biggest weekly gain in more than a month against the dollar, targeted as a safe option given tensions in Ukraine and worries about the health of the Chinese economy. The euro was pegged back by a sharp ratc
Published 15 Mar, 2014 12:00am
Early trade in New York: yen strengthens

Early trade in New York: yen strengthens

The yen rose on Friday, poised for its biggest weekly gains in more than a month against the euro and dollar, as traders flocked to it on growing tension in Ukraine and fears about the health of the Chinese economy. The euro was also under pressure since
Published 15 Mar, 2014 12:00am
Yen rallies in New York

Yen rallies in New York

The yen rose against the euro and the dollar on Thursday after US Secretary of State John Kerry signalled a possible response from the West if a referendum in Ukraine's Crimea region goes ahead on Sunday. Kerry's comments before Congress, together with a
Published 15 Mar, 2014 12:00am
Australian and New Zealand dollars pull back from highs

Australian and New Zealand dollars pull back from highs

The Australian and New Zealand dollars pulled back from highs on Friday after heightened tensions in Ukraine and disappointing data in China took the shine off the growth-linked currencies. The Aussie was at $0.9034, having gone as far as $0.9104 in the p
Published 15 Mar, 2014 12:00am
Indian rupee recovers

Indian rupee recovers

The Indian rupee recovered from one-week lows to end largely unchanged on Friday, as signs of continued strong foreign buying in the share and debt markets helped offset global concerns about military tensions in Ukraine and about China's economy. Despite
Published 15 Mar, 2014 12:00am
Asia currencies falter

Asia currencies falter

Most Asian currencies slipped against the dollar on Friday as jitters over heightened tensions in Ukraine and worries over an economic slowdown in China curbed investors' appetite for riskier assets. Russia launched new military exercises near its border
Published 15 Mar, 2014 12:00am
Sterling dips

Sterling dips

Sterling inched lower on Friday, with analysts already looking to a survey of labour data next week to help the market decide how strong Britain's economic recovery really is. Doubts over the pound's bullish run since the middle of last year have emerged
Published 15 Mar, 2014 12:00am
Snowboarding debut a dream come true in Sochi

Snowboarding debut a dream come true in Sochi

Snowboarders zipped down the slope in Sochi Friday as the sport was featured for the first time at a Winter Paralympic Games, uniting amputees, cancer survivors and athletes with cerebral palsy all sharing a love for powder. History was made by first gold
Published 15 Mar, 2014 12:00am
'Hero' Akmal cleared in traffic case

'Hero' Akmal cleared in traffic case

Pakistani cricketer Umar Akmal was Friday cleared in a traffic violation case after the police officer forgave him, saying he was a "national hero". The 23-year-old was arrested by Lahore police on February 1 for violating traffic rules and scuffling with
Published 15 Mar, 2014 12:00am
Benfica stun Tottenham

Benfica stun Tottenham

Tim Sherwood's prospects of remaining in the Tottenham Hotspur manager's job long-term were not helped as his side lost 3-1 at home to Benfica in their Europa League last 16, first leg on Thursday. Portuguese league leaders Benfica extended their unbeaten
Published 15 Mar, 2014 12:00am
Jordan steers England to victory on 'home' ground

Jordan steers England to victory on 'home' ground

England resisted a late West Indies surge and held on for a consolation five-run victory in the third and final Twenty20 international at Kensington Oval on Thursday. Despite surrendering the series to the home side 2-1, the match was a personal triumph f
Published 15 Mar, 2014 12:00am
Afridi hits back in sexism row

Afridi hits back in sexism row

Pakistan all-rounder Shahid Afridi on Friday sought to bat away controversy over comments he made about women's cricket, saying he had been quoted out of context. The big-hitting 34-year-old came under fire this week after TV interview footage circulated
Published 15 Mar, 2014 12:00am
Hull accept Pardew's head-butt apology

Hull accept Pardew's head-butt apology

Hull City manager Steve Bruce has accepted a letter of apology from Newcastle United boss Alan Pardew over the latter's head-butting moment of madness in a Premier League match earlier this month. Pardew, who is to seek "management counselling", is barred
Published 15 Mar, 2014 12:00am
Schedule announced for Pak-Australia series

Schedule announced for Pak-Australia series

Pakistan on Friday announced a revamped series against Australia in October this year, reducing their Test series to two matches to accommodate three one-day internationals. The Pakistan Cricket Board (PCB) had asked Cricket Australia to drop a Test and p
Published 15 Mar, 2014 12:00am
Li downs Cibulkova

Li downs Cibulkova

Australian Open champion Li Na booked her semi-final berth at the Indian Wells hardcourt tennis tournament with a 6-3, 4-6, 6-3 win over Dominika Cibulkova. China's Li, the world number two who is the top seed in the event, reprised her triumph over Slova
Published 15 Mar, 2014 12:00am
Federer books semi-final clash with Dolgopolov

Federer books semi-final clash with Dolgopolov

Roger Federer kept his bid for a fifth Indian Wells ATP Masters title on track Thursday with a 7-5, 6-1 victory over Kevin Anderson. The 32-year-old Swiss great needed just 69 minutes to book his berth in the final four, where he'll face Ukrainian Alexand
Published 15 Mar, 2014 12:00am
Revamped World Twenty20 searches for identity

Revamped World Twenty20 searches for identity

International T20 cricket, struggling to gain a firm footing despite the growing popularity of domestic leagues, will break new ground when the fifth World Twenty20 opens in Bangladesh on Sunday. Tests and one-dayers take precedence over T20 international
Published 15 Mar, 2014 12:00am
Mumbai building collapse kills six

Mumbai building collapse kills six

An apartment block collapsed in the Indian financial hub Mumbai on Friday, killing six people and injuring three others in the latest of a string of deadly building cave-ins, authorities said. Dozens of rescuers scoured the rubble in search of anyone stil
Published 15 Mar, 2014 12:00am
New law paves way for re-election of Syria's Assad

New law paves way for re-election of Syria's Assad

Syria's exiled opposition will be barred from a presidential vote to be held before July, virtually ensuring Bashar al-Assad's re-election three years into an uprising against his family's four-decade rule. Saturday marks the third anniversary of the revo
Published 15 Mar, 2014 12:00am
Four charged in fresh Syria jihad case in France

Four charged in fresh Syria jihad case in France

Three men and a woman have been charged on suspicion of helping to organise trips for people wanting to wage jihad in Syria, a French judicial source said Friday. The move comes just days after four French men were sentenced to up to seven years in jail f
Published 15 Mar, 2014 12:00am
Former Soviet satellites sign joint military pact

Former Soviet satellites sign joint military pact

Four former Soviet satellites in Central Europe signed a military pact Friday to co-ordinate defence planning and to create a joint combat unit to operate under Nato and EU auspices, in response to the Ukraine crisis. "The current situation in Europe show
Published 15 Mar, 2014 12:00am
First indictments completed in Turkey graft scandal

First indictments completed in Turkey graft scandal

Turkish prosecutors have completed a first batch of indictments in a graft scandal that has rocked the 11-year rule of Prime Minister Recep Tayyip Erdogan, overcoming intense pressure from his conservative government, local media reported Friday. Mustafa
Published 15 Mar, 2014 12:00am
Turkey threatens retaliation if historic Syria tomb attacked

Turkey threatens retaliation if historic Syria tomb attacked

Turkey warned on Friday that it would retaliate "in kind" if a historic memorial that it controls inside war-torn Syria comes under attack. "Any kind of attack, be it from the regime or radical groups ... will face retaliation in kind and Turkey will take
Published 15 Mar, 2014 12:00am
French air strikes kill wanted militant 'Red Beard' in Mali

French air strikes kill wanted militant 'Red Beard' in Mali

French air strikes in northern Mali have killed Islamist militant Oumar Ould Hamaha, a jihadist with a $3 million US government bounty on his head, Malian military sources said on Friday. Hamaha, known as 'Red Beard' because of his henna-dyed whiskers, be
Published 15 Mar, 2014 12:00am
Northern Ireland's richest man killed in helicopter crash

Northern Ireland's richest man killed in helicopter crash

An entrepreneur and politician who was Northern Ireland's richest man was among four people killed when a helicopter crashed in thick fog in eastern England late on Thursday. Lord Ballyedmond, a Conservative peer in the House of Lords, was in the twin-eng
Published 15 Mar, 2014 12:00am
French court tells website to remove 'Sarkoleaks' recordings

French court tells website to remove 'Sarkoleaks' recordings

A French court on Friday ordered a news website to remove the recordings of secretly-taped conversations involving Nicolas Sarkozy when he was president, in what has become known as the "Sarkoleaks" scandal. Sarkozy and his wife Carla Bruni, who is also h
Published 15 Mar, 2014 12:00am
Saudi Arabia demands Qatar shut down Al-Jazeera

Saudi Arabia demands Qatar shut down Al-Jazeera

Saudi Arabia demanded that Qatar shut down Al-Jazeera and two think tanks during a recent meeting of the Gulf Co-operation Council, a source close to someone who attended the talks told AFP Friday. Riyadh demanded the closure of the pan-Arab broadcaster a
Published 15 Mar, 2014 12:00am
Central African parliament starts work on new constitution

Central African parliament starts work on new constitution

The Central African Republic's transitional parliament has started work on a new constitution aimed at restoring peace in the violence-torn country, its speaker said Friday. The constitution will be submitted for public feedback ahead of general elections
Published 15 Mar, 2014 12:00am
US no longer holds any 'war on terror' minors

US no longer holds any 'war on terror' minors

The United States is no longer holding any "war on terror" detainees aged under 18, Washington told a UN human rights watchdog body on Friday. Pressed by the United Nations Human Rights Committee on its treatment of minors captured since the September 200
Published 15 Mar, 2014 12:00am
Israel's Peres puts 'secret talks disguise' on Facebook

Israel's Peres puts 'secret talks disguise' on Facebook

Israel's President Shimon Peres on Friday posted photos on Facebook of disguises he wore in the 1970s to travel undetected to Arab neighbour Jordan for secret negotiations. Peres posted the photos to coincide with the Jewish religious festival Purim, whic
Published 15 Mar, 2014 12:00am
US FDIC sues major banks over Libor manipulation

US FDIC sues major banks over Libor manipulation

The US Federal Deposit Insurance Corporation sued HSBC, Citigroup, Deutsche Bank and 12 other global banking heavyweights on Friday for manipulation of the Libor benchmark interest rate. The regulator said the manipulation caused "substantial losses" to 3
Published 15 Mar, 2014 12:00am
DIBPL, Junaid Jamshed sign marketing alliance

DIBPL, Junaid Jamshed sign marketing alliance

Dubai Islamic Bank Pakistan Limited (DIBPL) and Junaid Jamshed (J.) have today signed a business and marketing alliance to promote each other's respective products and services to a shared customer base. Sohail Hamid Khan (CEO of J. & Almirah), Junaid Jam
Published 15 Mar, 2014 12:00am
Body tasked to report on Qingqi rickshaw issue

Body tasked to report on Qingqi rickshaw issue

"Should Sindh government generate some Rs 200 million with registration of Qingqi motorcycle-rickshaws or ban be continued for long time?" A high level committee has been tasked to submit a comprehensive report on the issue at chief secretary office, it w
Published 15 Mar, 2014 12:00am
Indus Motor becomes ACCA approved employer

Indus Motor becomes ACCA approved employer

Indus Motor Company Limited is now an ACCA Approved Employer- Gold Level for Trainee Development stream. A certificate presentation ceremony was held at Indus Motors' Head Office recently with Parvez Ghias, Chief Executive Officer of Indus Motor Company a
Published 15 Mar, 2014 12:00am
FFC earns Rs 20.14 billion after tax profit

FFC earns Rs 20.14 billion after tax profit

FFC has touched new milestones with regard to successful business ventures while all set to establish new benchmarks for its future corporate endeavours. According to an announcement of the FFC here on Friday, this realisation was shared with the particip
Published 15 Mar, 2014 12:00am
FFC earns Rs 20.14 billion after tax profit

FFC earns Rs 20.14 billion after tax profit

FFC has touched new milestones with regard to successful business ventures while all set to establish new benchmarks for its future corporate endeavours. According to an announcement of the FFC here on Friday, this realisation was shared with the particip
Published 15 Mar, 2014 12:00am
Demonstration held against Lyari killings

Demonstration held against Lyari killings

A large number of people comprising women, children and men on Friday held a protest outside the Karachi Press Club against the government for its failure to bring peace, and against the killing of innocent people on Wednesday's fighting between two gangs
Published 15 Mar, 2014 12:00am
Substandard gas cylinders: 7,623 vehicles fined, 648 impounded, SHC told

Substandard gas cylinders: 7,623 vehicles fined, 648 impounded, SHC told

Traffic police on Friday informed the Sindh High Court (SHC) that so far 7,623 vehicles with substandard gas cylinders were fined and around 648 vehicles impounded. DIG Traffic submitted a report before division bench in response to court direction regard
Published 15 Mar, 2014 12:00am
Jute imports fall by $1.7 million in July-January

Jute imports fall by $1.7 million in July-January

Pakistan's import of jute declined by over six percent to $25.756 million during July-January 2013-14, official statistics say. Jute import fell by $1.748 million from $27.504 million during the same period last fiscal year, Pakistan Bureau of Statistics
Published 15 Mar, 2014 12:00am
Activists support move to form anti-dams alliance

Activists support move to form anti-dams alliance

Anti-dam activists, struggling for the restoration of rivers and protecting Indus Delta supported the move to form broader 'People's Alliance against Dams and for Restoration of Rivers. They said the River Indus which linked the South Asian nations throug
Published 15 Mar, 2014 12:00am
Lyari gangsters arrested at Thatta

Lyari gangsters arrested at Thatta

An alleged Lyari gangster was amongst five accused arrested from here on Friday. As per details, police conducted raids and arrested give accused including Saffar Bhutto, Ali Hassan Bikak, Sadam Shaikh, Liaquat and Shahbaz and recovered two pistols from t
Published 15 Mar, 2014 12:00am
DIBPL Islamia College branch inaugurated

DIBPL Islamia College branch inaugurated

Dubai Islamic Bank Pakistan Limited (DIBPL) inaugurated its Islamia College Branch in Karachi. The branch was inaugurated by the Head of Consumer Banking of DIBPL Khawaja Asif. The Head of Distribution Naveed Malik and senior management were also present
Published 15 Mar, 2014 12:00am
Huge quantity of drugs recovered: ANF arrests five suspects

Huge quantity of drugs recovered: ANF arrests five suspects

Anti-Narcotic Force (ANF) conducted five operations in Rawalpindi, Lahore and Peshawar, recovering heroin, opium, charas, besides arresting five persons. According to details, ANF Rawalpindi Spot Check Team acting upon information intercepted a Suzuki Bol
Published 15 Mar, 2014 12:00am
Government urged to protect all constitutional rights of non-Muslims

Government urged to protect all constitutional rights of non-Muslims

Representatives of human rights organisation demand of the government to take pragmatic measures to ensure all constitutional rights of non-Muslims and to provide equal opportunities and other facilities to them, to play their effective role in the develo
Published 15 Mar, 2014 12:00am
Human Trafficking Pakistan faces grim prospects of suspension of aid

Human Trafficking Pakistan faces grim prospects of suspension of aid

Pakistan may slip to 'Tier-2' watch list of countries not fully complying with Trafficking Victims Protection Act (TVPA) as human trafficking is rising in the country with each passing day. Sources said if Pakistan failed to curb the menace of human traff
Published 15 Mar, 2014 12:00am
Ogra case: hearing adjourned to March 27

Ogra case: hearing adjourned to March 27

The Supreme Court on Friday adjourned the proceedings of Oil and Gas Regulatory Authority (OGRA) implementation case till March 27. A three-member bench headed by Justice Jawwad S Khawaja resumed the hearing of Ogra implementation case. Prosecutor General
Published 15 Mar, 2014 12:00am
Missing persons: hearing adjourned to March 20

Missing persons: hearing adjourned to March 20

The Supreme Court on Friday adjourned the proceedings of missing persons' case and directed the Attorney General's office to arrange a meeting between Tasif Malik, who is detained in Lucky Marwat detention center, and his family. A three-member bench head
Published 15 Mar, 2014 12:00am
Previous Day