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Print - 2014-04-10
France names Pellerin to crucial trade post

France names Pellerin to crucial trade post

France named dynamic former junior minister Fleur Pellerin to its top foreign trade post on Wednesday as it continues efforts to cut its huge trade deficit. Pellerin, the 40-year-old formerly responsible for the digital economy and innovation, was named s
Published 10 Apr, 2014 12:00am
US wholesale stock accumulation slows

US wholesale stock accumulation slows

US wholesale inventories rose at a slower pace in February, strengthening views that restocking will weigh on economic growth in the first quarter. The Commerce Department said on Wednesday wholesale inventories increased 0.5 percent after advancing 0.8 p
Published 10 Apr, 2014 12:00am
US warns eurozone over deflation risk

US warns eurozone over deflation risk

US Treasury Secretary Jacob Lew warned the eurozone Wednesday to pay heed to the risk of deflation, adding pressure on European authorities and the European Central Bank to boost growth. "The risk of low demand and the risk of deflation is something they
Published 10 Apr, 2014 12:00am
More 'risky' Bangladesh garment factories shut

More 'risky' Bangladesh garment factories shut

Bangladesh authorities have closed four garment factories and partially shut down two others after engineers hired by Western retailers detected major structural flaws in the plants, an official said Wednesday. The move came amid increased inspections fro
Published 10 Apr, 2014 12:00am
Steady stimulus taper 'likely': Fed minutes

Steady stimulus taper 'likely': Fed minutes

Federal Reserve policy makers expect to continue the steady cutback to its stimulus program, the minutes to their March 18-19 meeting showed Wednesday. The members of the Federal Open Market Committee hedged their commitment on the performance of the econ
Published 10 Apr, 2014 12:00am
P&G sells most pet-care assets to Mars for $2.9 billion

P&G sells most pet-care assets to Mars for $2.9 billion

Procter & Gamble will sell most of its pet care business to Mars for $2.9 billion as the US consumer-products giant streamlines its businesses, the companies announced Wednesday. The privately held Mars, which started in 1911 as a candy company before exp
Published 10 Apr, 2014 12:00am
China sees less policy room to fight growth slowdown

China sees less policy room to fight growth slowdown

China has less and less room to rely on policy tools to support the economy, the country's top economic planning agency said on Wednesday, as the government tries to arrest a protracted slowdown this year. Last week, the government announced plans to quic
Published 10 Apr, 2014 12:00am
Greeks strike against more EU-IMF reforms

Greeks strike against more EU-IMF reforms

Greek unions held a 24-hour anti-austerity strike Wednesday, shutting down ferry services to the country's world-famous islands, disrupting rail travel and closing pharmacies and several government offices. The first general strike of the year, the moveme
Published 10 Apr, 2014 12:00am
Brazil inflation at highest in 11 years

Brazil inflation at highest in 11 years

Brazil's rate of inflation in March picked up at the quickest pace in 11 years for that month, challenging the central bank's plan to stop raising interest rates soon and complicating President Dilma Rousseff's chances of re-election. Brazil's benchmark I
Published 10 Apr, 2014 12:00am
Britain's goods exports hit three-year low

Britain's goods exports hit three-year low

Britain's exports of goods sank in February to the lowest level for more than three years, hit by weaker sales to EU countries, official data showed on Wednesday. The data came against a background of an overall improving British economy, as highlighted b
Published 10 Apr, 2014 12:00am
Schaeuble 'can't bear' growth vs austerity debate anymore

Schaeuble 'can't bear' growth vs austerity debate anymore

German Finance Minister Wolfgang Schaeuble reacted Wednesday to IMF advice to boost investment by saying he "can't bear hearing" the debate over fiscal austerity versus pro-growth policies anymore. He was speaking a day after the International Monetary Fu
Published 10 Apr, 2014 12:00am
Central Africa clashes kill 30, 'mainly civilians'

Central Africa clashes kill 30, 'mainly civilians'

At least 30 people, mostly civilians, have been killed in fighting between mainly Christian militia and predominantly Muslim rebels in the strife-torn Central African Republic, police said Wednesday. The victims, "the majority of them civilians" caught in
Published 10 Apr, 2014 12:00am
US 'Sergeant' Hagel meets his PLA counterparts

US 'Sergeant' Hagel meets his PLA counterparts

Over kung pao chicken and dumplings, Pentagon chief Chuck Hagel recalled his days as an infantryman in Vietnam Wednesday with young Chinese soldiers at a People's Liberation Army (PLA) training academy. "Many, many years ago when dinosaurs roamed the eart
Published 10 Apr, 2014 12:00am
Two Afghan poll candidates scent victory as run-off looms

Two Afghan poll candidates scent victory as run-off looms

Two leading candidates in Afghanistan's presidential election each claimed Wednesday to be winning the vote count easily, but said they would be ready to contest a second-round run-off if necessary. More than seven million people defied Taliban threats of
Published 10 Apr, 2014 12:00am
Kim Jong-Un 're-elected' as North Korean leader

Kim Jong-Un 're-elected' as North Korean leader

Kim Jong-Un was Wednesday "re-elected" as North Korea's leader, state media said, as parliament met in a session closely watched for power shifts in the regime following the shock execution of his once-powerful uncle. The new parliament also elected membe
Published 10 Apr, 2014 12:00am
Twin car bombs kill 25 in Syria's Homs

Twin car bombs kill 25 in Syria's Homs

Two car bombs killed at least 25 people, including women and children, in a government-held neighbourhood of Syria's central city of Homs Wednesday, state news agency SANA reported. Another 100 people were wounded in Karam al-Luz, in attacks SANA blamed o
Published 10 Apr, 2014 12:00am
US pilot, passenger killed in Indonesia plane crash

US pilot, passenger killed in Indonesia plane crash

A light aircraft crashed into a fence during take-off in eastern Indonesia on Wednesday, killing the US pilot and a passenger, police said. The US-made Kodiak plane was carrying six passengers and was chartered to deliver humanitarian supplies to a remote
Published 10 Apr, 2014 12:00am
Israel limits contact with Palestinians as talks falter

Israel limits contact with Palestinians as talks falter

Israeli Prime Minister Benjamin Netanyahu ordered ministers to limit contact with their Palestinian counterparts as the Arab League blamed his government Wednesday for the "dangerous stalemate" in US-brokered peace talks. The moves came a day after US Sec
Published 10 Apr, 2014 12:00am
Indonesian poll sets governor on course for presidency

Indonesian poll sets governor on course for presidency

Indonesia's main opposition party won the most votes in parliamentary elections Wednesday, unofficial tallies showed, setting its popular presidential candidate, Jakarta governor Joko Widodo, on course to become the country's next leader. However the Indo
Published 10 Apr, 2014 12:00am
Maoist rebels kill three in India poll attack

Maoist rebels kill three in India poll attack

Maoist rebels killed three soldiers guarding polling officials in central India on Wednesday, highlighting security concerns in the world's biggest elections as the second phase of voting got under way. The rebels staged the attack in the country's insurg
Published 10 Apr, 2014 12:00am
British culture minister quits over expenses claims

British culture minister quits over expenses claims

Maria Miller, the minister who oversaw future regulation of Britain's newspapers, quit her cabinet post on Wednesday following a row over expenses linked to a mortgage. Miller said she took "full responsibility" for her decision to stand down as culture s
Published 10 Apr, 2014 12:00am
IBM physicist wins tech 'Nobel' for 'big data' discoveries

IBM physicist wins tech 'Nobel' for 'big data' discoveries

British physicist Stuart Parkin, one of the brains behind the global "big data" revolution, on Wednesday won Finland's answer to the Nobel Prize, which is awarded by Technology Academy Finland. "Professor Parkin receives the 2014 Millennium Technology Pri
Published 10 Apr, 2014 12:00am
Qatar unveils desert sculpture by US artist

Qatar unveils desert sculpture by US artist

Four steel plates rise out of Qatar's desert sands like behemoths, symbolising, according to US artist Richard Serra who created the sculpture, the connection between the wealthy Gulf state's two regions. The sculpture, East-West/West-East, was unveiled o
Published 10 Apr, 2014 12:00am
20 hurt in mass stabbing at US high school

20 hurt in mass stabbing at US high school

An American student stabbed 19 teenagers and a security guard in a bloody 30-minute rampage in the classrooms and hallways of a Pennsylvania high school on Wednesday, officials said. At least four students were critically injured in the shocking assault a
Published 10 Apr, 2014 12:00am
Sudan expels UN agency chief accused of 'interfering'

Sudan expels UN agency chief accused of 'interfering'

Sudan has expelled the country chief of a United Nations agency and accused her of interfering in domestic affairs, the foreign ministry said on Wednesday. The incident is the latest involving foreign aid workers in the restive African nation where millio
Published 10 Apr, 2014 12:00am
Acting SBP governor hints at good news in monetary policy

Acting SBP governor hints at good news in monetary policy

State Bank of Pakistan (SBP) Acting Governor Saeed Ahmed has said that the positive economic indicators may bring some good news in the monetary policy. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) and later talking to newsmen,
Published 10 Apr, 2014 12:00am
Tameer Bank opens branch in Mithi

Tameer Bank opens branch in Mithi

Pakistan's first scheduled and largest private sector microfinance bank, Tameer, formally inaugurated its new branch in Mithi, District Tharparkar. This is Tameer's 27th branch in Sindh and 51st branch in Pakistan. Commenting on the occasion, Nadeem Hussa
Published 10 Apr, 2014 12:00am
Land scam: NAB arrests former DG PHA, two others

Land scam: NAB arrests former DG PHA, two others

National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Wednesday arrested Javed Ahmad ex-DG Provincial Housing Authority, Naveed Qadir ex-Land Acquisition Collector and Muhammad Asif(Front man) involved in embezzlement of more than Rs 400 million.
Published 10 Apr, 2014 12:00am
MCBAH announces interim distribution for its schemes

MCBAH announces interim distribution for its schemes

The Chief Executive Officer of MCB-Arif Habib Savings and Investments Limited (formerly: Arif Habib Investments Limited) (MCBAH) on behalf of the Board of Directors, has approved the following interim distributions for MCB Islamic Income Fund, MetroBank P
Published 10 Apr, 2014 12:00am
MCBAH announces interim distribution for its schemes

MCBAH announces interim distribution for its schemes

The Chief Executive Officer of MCB-Arif Habib Savings and Investments Limited (formerly: Arif Habib Investments Limited) (MCBAH) on behalf of the Board of Directors, has approved the following interim distributions for MCB Islamic Income Fund, MetroBank P
Published 10 Apr, 2014 12:00am
Dawlance unveils new energy saver series

Dawlance unveils new energy saver series

Dawlance, the No 1 home appliances brand of Pakistan, in a recent press launch event unveiled its impressive series of Energy Saver (ES) air conditioners and refrigerators that aims to cut down on energy usage for a better and more prosperous Pakistan. Th
Published 10 Apr, 2014 12:00am
Jirga orders killing of woman for 'honour'

Jirga orders killing of woman for 'honour'

A local Panchayat (unofficial jury), headed by an influential landlord, ordered killing of a woman in the name of 'honour' here on Wednesday. The panchayat also ordered to give two minor daughters of a man, charged for having illicit relations with the wo
Published 10 Apr, 2014 12:00am
Documentation: FBR may restore circle-based system

Documentation: FBR may restore circle-based system

The Federal Board of Revenue (FBR) strongly favours restoration of 'Circle-Based System' at the national level as it has been duly supported by Pakistan Business Council (PBC), Overseas Investors Chamber of Commerce and Industry (OICCI) and All Pakistan T
Published 10 Apr, 2014 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded July copper contract on the Shanghai Futures Exchange fell 0.8 percent to 46,380 yuan ($7,500) a tonne on Wednesday after a China state agency said the window for stimulus measures was narrowing. But modestly improving demand has helped cu
Published 10 Apr, 2014 12:00am
Nickel hits one-year peak, copper down

Nickel hits one-year peak, copper down

Nickel prices surged to their highest in over a year on Wednesday on persistent worries about shortages due to Indonesia's ban on ore exports but copper eased on concerns about economic growth in top metals consumer China. Three-month nickel on the London
Published 10 Apr, 2014 12:00am
Rubber drops

Rubber drops

Benchmark Tokyo rubber futures dropped nearly 2 percent on Wednesday, giving up some of the previous day's gain on concerns about economic growth in top consumer China and weaker Tokyo equities market, dealers said. The benchmark rubber contract on the To
Published 10 Apr, 2014 12:00am
Corn, soya rise

Corn, soya rise

US corn and soyabean futures rose on Tuesday as traders squared positions a day ahead of a monthly US Department of Agriculture report in which the government is expected to pare its stocks forecasts for both crops, traders said. Wheat followed corn and s
Published 10 Apr, 2014 12:00am
Palm oil up

Palm oil up

Malaysian palm oil futures ended higher on Wednesday, recouping losses from two-month lows to follow gains in competing soy markets overseas, but a strong ringgit and worries of a surge in output capped the advance. "Yesterday palm fell because of the ver
Published 10 Apr, 2014 12:00am
Coffee stays up

Coffee stays up

ICE arabica coffee futures changed direction and rose for the fifth straight day on Wednesday on chart-based buying after earlier profit-taking failed to push prices below a support level. Cocoa on both ICE Futures US and Liffe rose, flirting with 2-1/2-y
Published 10 Apr, 2014 12:00am
Gold rises in New York

Gold rises in New York

Gold rose 1 percent on Tuesday on a sharply lower dollar and as renewed tensions between the United States and Russia over Ukraine burnished bullion's safe-haven appeal. The metal was also underpinned by official-sector buying after Iraq's central bank sa
Published 10 Apr, 2014 12:00am
Gold up in Asia

Gold up in Asia

Gold was trading near its highest in two weeks on Wednesday, bolstered by signs of increasing demand in China and as rising tensions over Ukraine burnished its safe-haven appeal. But investors continued to pull money out of gold-backed exchange-traded fun
Published 10 Apr, 2014 12:00am
Gold falls in Europe

Gold falls in Europe

Gold fell back towards $1,300 an ounce on Wednesday ahead of the minutes of the US Federal Reserve's latest policy meeting, as a firmer dollar and fresh outflows from bullion-backed funds pulled prices off near two-week highs. Worries over Ukraine, as wel
Published 10 Apr, 2014 12:00am
US MIDDAY: wheat tumbles

US MIDDAY: wheat tumbles

US wheat futures fell 1.5 percent early on Wednesday after the US Department of Agriculture raised its forecast for global 2013/14 wheat ending stocks above trade expectations, traders said. Corn followed wheat lower but soyabeans were higher, with front-
Published 10 Apr, 2014 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell early on Wednesday on gains in US equities and fresh outflows from bullion-backed exchange-traded funds, while traders awaited further cues from the minutes of the US Federal Reserve's latest policy meeting. Worries over Ukraine, as well as tech
Published 10 Apr, 2014 12:00am
Danish Agricultural expert calls for cementing ties

Danish Agricultural expert calls for cementing ties

Danish Agricultural expert and Agri Adviser Henry Jorgenson calls for cementing ties in the field of agriculture between both the countries in order to ensure food security. He was talking to University of Agriculture Faisalabad Vice Chancellor Professor
Published 10 Apr, 2014 12:00am
UBL Fund Managers offers Al Ameen Funds

UBL Fund Managers offers Al Ameen Funds

UBL Fund Managers has now taken another step towards offering seamless services by bringing together their Islamic Investment solutions under one umbrella of Al Ameen Funds. This initiative is aimed at providing one window that offers diverse Shariah comp
Published 10 Apr, 2014 12:00am
UBL Fund Managers offers Al Ameen Funds

UBL Fund Managers offers Al Ameen Funds

UBL Fund Managers has now taken another step towards offering seamless services by bringing together their Islamic Investment solutions under one umbrella of Al Ameen Funds. This initiative is aimed at providing one window that offers diverse Shariah comp
Published 10 Apr, 2014 12:00am
K-Electric: non-technical official's appointments may cause a set back

K-Electric: non-technical official's appointments may cause a set back

Appointments of non technical officials on K-Electric's key slots may cause a set back to the power utility in its endeavour to facilitate the citizens with uninterrupted electricity. "The non-technical officials in the K-Electric (formally known KESC) ke
Published 10 Apr, 2014 12:00am
LUMHS organises workshop

LUMHS organises workshop

One day workshop on "Leadership & Human Resources Management/Development" was held at LUMHS Jamshoro. The workshop was organised by Dr Pir Muhammad Ali Qureshi, Additional Registrar and Professor Muhammad Ashraf Khaskheli, Dean Basic Medical Sciences, who
Published 10 Apr, 2014 12:00am
Met Department forecasts mainly dry weather

Met Department forecasts mainly dry weather

The Meteorological Department has forecast mainly dry weather in most parts of the country and temperatures are likely to be slightly above normal in the most agricultural plains of Punjab and Sindh provinces with dust raising winds in the lower half of t
Published 10 Apr, 2014 12:00am
Pakistan fails to introduce Kinnow in high-end markets

Pakistan fails to introduce Kinnow in high-end markets

Pakistan has failed to introduce Kinnow in high-end markets due to non existence of export policy for horticulture sector. Senior member Islamabad Chamber of Commerce and Industry, Ahmad Jawad told Business Recorder that Pakistan's trade offices ab
Published 10 Apr, 2014 12:00am
Call to provide clean drinking water to Tharis

Call to provide clean drinking water to Tharis

Several non-governmental organisations (NGOs), engaged in relief work in the drought-hit Tharparkar, demanded of the government to ensure provision of clean drinking water to the inhabitants of Thar on priority. Describing water shortage as the main probl
Published 10 Apr, 2014 12:00am
Consuming of Gutka, Mainpuri, Naswar hazardous to health

Consuming of Gutka, Mainpuri, Naswar hazardous to health

Use of Gutka, Mainpuri, Naswar, Paan despite being life threatening is on rise in city. A considerable number of youth including children has become victims of consuming these harmful things which are available in markets sans any restrictions.
Published 10 Apr, 2014 12:00am
Countering challenges: President stresses need for promoting harmony

Countering challenges: President stresses need for promoting harmony

President Mamnoon Hussain on Wednesday stressed the need for promoting national harmony and close association among the provinces to foil nefarious designs against the country. "We Pakistanis, living in all federating units are brothers of each other and
Published 10 Apr, 2014 12:00am
SNGPL organises medical camp

SNGPL organises medical camp

Health, Safety and Environment (HSE) department of SNGPL organised a two-day medical camp on April 8-9 at SNGPL Head office Lahore. Doctors in camp carried out general medical examination, blood pressure, diabetics, Hepatitis B & C, Bone Scan, Pulmonary f
Published 10 Apr, 2014 12:00am
Rawalpindi blast condemned

Rawalpindi blast condemned

Provincial Minister for Labour and Human Resources Raja Ashfaq Sarwar has strongly condemned the blast in the Fruit Market at I-11 Islamabad and expressed deep sense of sorrow and grief over the loss of precious human lives in the tragic incident. On the
Published 10 Apr, 2014 12:00am
Erfurt University Germany: UoP's students selected for training course

Erfurt University Germany: UoP's students selected for training course

The students of University of Peshawar selected for summer crash course on cyber culture which is to be held at Erfurt University Germany this year. Around five students have been short-listed after a thorough selection process and under an agreement sign
Published 10 Apr, 2014 12:00am
Shahbaz reviews kidney, liver institute project

Shahbaz reviews kidney, liver institute project

Punjab Chief Minister Shahbaz Sharif presided over a high level meeting on Wednesday to review the project of Pakistan Kidney and Liver Institute. Provincial Minister for Law Rana Sanaullah, Advisor on Health Khawaja Salman Rafique, Member Provincial Asse
Published 10 Apr, 2014 12:00am
PPP opposes Pakistan Protection Ordinance: spokesperson

PPP opposes Pakistan Protection Ordinance: spokesperson

"The Pakistan Protection Ordinance is not meant to protect the country against militants rather it is license to the security agencies to continue kidnapping people and dumping bodies. "It is a devise to remove the inconvenience felt by law enforcers from
Published 10 Apr, 2014 12:00am
A slap on face of talks' supporters: Altaf

A slap on face of talks' supporters: Altaf

Muttahida Qaumi Movement (MQM) Quaid Altaf Hussain on Wednesday questioned as to why the government was holding talks with TTP if it was no involved in bombing? In a statement issued here, Altaf Hussain said that Islamabad blast was a slap on the face of
Published 10 Apr, 2014 12:00am
Sindh observes partial strike on JSMM's call

Sindh observes partial strike on JSMM's call

A partial strike was observed on Wednesday in parts of interior Sindh on the call of Jeay Sindh Muttahida Mahaz (JSMM) in protest against the Pakistan Protection Bill (PPB). Petrol pumps remained closed in Nawabshah, shutter down strike was observed in Gh
Published 10 Apr, 2014 12:00am
Rainy/cloudy season: arrival of fresh wheat crop delayed: minister

Rainy/cloudy season: arrival of fresh wheat crop delayed: minister

The Punjab Food Minister Bilal Yasin has said that arrival of fresh wheat crop has been delayed in the Punjab because of rainy/cloudy season while Sindh government has imposed a ban on the movement of wheat flow towards Punjab. Therefore, wheat in the ope
Published 10 Apr, 2014 12:00am
IHCBA proposal turned down by Supreme Court

IHCBA proposal turned down by Supreme Court

The Supreme Court on Wednesday turned down Islamabad High Court Bar Association President proposal of weapon training for lawyers and judges, saying that instead of proficiency to pull the trigger of a gun the legal fraternity should be trained in disaste
Published 10 Apr, 2014 12:00am
Khyber Pakhtunkhwa government urged to restore peace to province

Khyber Pakhtunkhwa government urged to restore peace to province

Awami Workers Party (AWP) urged the provincial government to take proactive measures for establishment of sustainable peace in the province. Speaking at a press conference at Peshawar Press Club on Wednesday, the party central president Fanoos Gujr said t
Published 10 Apr, 2014 12:00am
PDA seeks hostel facility for member doctors

PDA seeks hostel facility for member doctors

The Provincial Doctors Association demanded the provincial government to take steps for provision of hostel facility for members of doctors' community, residing in private rooms and hotels elsewhere in Peshawar. Addressing at a news conference at Peshawar
Published 10 Apr, 2014 12:00am
Sikh yatrees arrive to celebrate Baisakhi festival

Sikh yatrees arrive to celebrate Baisakhi festival

On the eve of Baisakhi festival, thousands Indian Sikh yatrees arrived, here on Wednesday, through Wagha Border in Pakistan to celebrate this festival at Nankana Sahib, Hassanabdal and Badami Bagh which will start from April 15. This year approximately 30
Published 10 Apr, 2014 12:00am
China-Pak ties strengthening with passage of time: chief minister Punjab

China-Pak ties strengthening with passage of time: chief minister Punjab

Punjab Chief Minister Shahbaz Sharif has said that relations between China and Pakistan are strengthening with the passage of time and every meeting between the leaderships of the two countries cements these ties. He said that a new history of economic co
Published 10 Apr, 2014 12:00am
Tusdec's NIDA organises study visit of solar tube wells

Tusdec's NIDA organises study visit of solar tube wells

National Institute of Design and Analysis (Nida) Peshawar, a subsidiary of Technology Up-gradation and Skill Development Company (Tusdec) organised a study visit of solar tube wells being installed in Khyber Agency for the students of solar panel installa
Published 10 Apr, 2014 12:00am
Government presented sustainability, growth vision: APTMA

Government presented sustainability, growth vision: APTMA

Chairman APTMA Punjab S M Tanveer said APTMA has put forward sustainability and growth vision to the Chief Minister Punjab and Federal Textile Minister to compete with regional competitors fully supported with incentives by their respective governments.
Published 10 Apr, 2014 12:00am
Acidic attack on female lecturer: LHC seeks detailed report

Acidic attack on female lecturer: LHC seeks detailed report

The Lahore High Court taking notice against acidic attack on a female lecturer directed District and Sessions Judge, Lahore, to look into the matter and submit a detailed report within a week. According to the details, three men, riding two motorcycles, t
Published 10 Apr, 2014 12:00am
MEPCO employees protest against privatisation of power units

MEPCO employees protest against privatisation of power units

A big protest rally was taken out by MEPCO employees against privatisation of power units like LESCO and PESCO from the Bakhtiar Hall which reached at Chowk Nawan Shehr where they observed sit-in for six hours and created traffic jam from Abdali Road to L
Published 10 Apr, 2014 12:00am
Spurious drugs & quackery: stringent laws being introduced: advisor

Spurious drugs & quackery: stringent laws being introduced: advisor

The Punjab government is going to introduce necessary amendments to relevant laws for enhancing punishment for culprits involved in business of spurious drugs and quackery, advisor to the Chief Minister on Health Khawaja Salman Rafique said.
Published 10 Apr, 2014 12:00am
Government to extend full support to textile sector: minister

Government to extend full support to textile sector: minister

Federal Minister for Textile Abbas Khan Afridi during his visit to Pakistan Textile Exporters Association (PTEA) on Wednesday has said that government would extend full support and assistance for strengthening textile sector. "We are working on war footin
Published 10 Apr, 2014 12:00am
'SECP to engage insurance firms for compliance with regulations'

'SECP to engage insurance firms for compliance with regulations'

The Securities and Exchange Commission of Pakistan's Commissioner for Insurance, Mohammad Asif Arif has said the SECP would continue to engage insurance companies to ensure compliance with regulations. Talking about the activities of the Enforcement Depar
Published 10 Apr, 2014 12:00am
Gul Ahmed Textile Mills Limited

Gul Ahmed Textile Mills Limited

Gul Ahmed Textile Mills Limited (GATM) is one of the leading vertically-integrated composite textile houses in the Pakistan that was listed at the Karachi Stock Exchange in 1970. The firm is engaged in the business of textile spinning, weaving, processing
Published 10 Apr, 2014 12:00am
Gul Ahmed Textile Mills Limited

Gul Ahmed Textile Mills Limited

Gul Ahmed Textile Mills Limited (GATM) is one of the leading vertically-integrated composite textile houses in the Pakistan that was listed at the Karachi Stock Exchange in 1970. The firm is engaged in the business of textile spinning, weaving, processing
Published 10 Apr, 2014 12:00am
Not disclosing the anonymity of source

Not disclosing the anonymity of source

Apropos SBP's Quarterly Report released on March 28, 2014, it is heartening to note that macroeconomic indicators are showing improvement. According to the report, there is a 'perceptible' improvement in the country's economy. Inflationary pressures have
Published 10 Apr, 2014 12:00am
Troubled Mideast peace effort compounds US policy woes in region

Troubled Mideast peace effort compounds US policy woes in region

Addressing the United Nations General Assembly in September, President Barack Obama declared the pursuit of Israeli-Palestinian peace one of the two main US foreign policy priorities for his second term. Fast-forward to today, the Obama administration fac
Published 10 Apr, 2014 12:00am
Corporate law: statutory rectification under UK's corporate laws

Corporate law: statutory rectification under UK's corporate laws

There are divergent views on the issue of court's powers to rectify entries in the register of shareholder under the UK's company law. Generally the powers of the court under the company law are viewed sui generis and definitive of the scope of court's ju
Published 10 Apr, 2014 12:00am
Afghan elections

Afghan elections

Saturday's elections in Afghanistan held two pleasant surprises: one, the people turned out in large numbers to vote for a new president and provincial councils in 34 provinces despite the threat of Taliban violence and heavy rains. And a related second s
Published 10 Apr, 2014 12:00am
Is it tit for tat?

Is it tit for tat?

Between Islamabad and Rawalpindi it is shadow-boxing yet, and hopefully doesn't go beyond this - though Khwaja Asif's innuendos-packed statement from the floor of the National Assembly is hardly an effort in that direction. He said parliament is the "most
Published 10 Apr, 2014 12:00am
Pakistan and IBRD lending

Pakistan and IBRD lending

Pakistan cannot access the International Bank for Reconstruction and Development (IBRD) lending because of deteriorating macroeconomic indicators, so maintains the World Bank website. IBRD loans from the World Bank are non-concessional and not extended to
Published 10 Apr, 2014 12:00am
PMEX supports SBP's warehouse receipt financing initiative

PMEX supports SBP's warehouse receipt financing initiative

In light of the recent developments by State Bank of Pakistan (SBP), Pakistan Mercantile Exchange (PMEX) met up with ACE Control & Expertise Global (Pvt) Limited to discuss future plans on the much-needed initiative of Warehouse Receipt Financing.
Published 10 Apr, 2014 12:00am
Sirajul Haq takes oath as new Jamaat-i-Islami chief

Sirajul Haq takes oath as new Jamaat-i-Islami chief

Siraj-ul-Haq on Wednesday took oath as new Ameer of Jamaat-e-Islami Pakistan at an impressive ceremony at party headquarters, Mansoora. The outgoing JI chief Syed Munawar Hasan administered the oath to his successor. Talking to media after the ceremony, H
Published 10 Apr, 2014 12:00am
LCCI condemns acts of terrorism in Rawalpindi, Sibi

LCCI condemns acts of terrorism in Rawalpindi, Sibi

The Lahore Chamber of Commerce and Industry (LCCI) has strongly condemned ugly acts of terrorism in Rawalpindi Fruit Market and Sibi Railway Station and urged the government to evolve a well-thought-of strategy to overcome menace of terrorism as repeated
Published 10 Apr, 2014 12:00am
Minister lauds Taliban's condemnation

Minister lauds Taliban's condemnation

Federal Information Minister Pervaiz Rasheed on Wednesday hailed Taliban's condemnation of Islamabad market blast as a success, saying that terrorists have become isolated over government's policies. Speaking to reporters at the PIMS Hospital, Rasheed sai
Published 10 Apr, 2014 12:00am
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